============================================
                        Local media said Grasso had asked to meet a
                        representative of the FARC's high command to
                        discuss foreign investment and the future
                        role of U.S. businesses in Colombia.
___________________     ============================================
REUTERS

Saturday, 26 June 1999

                NYSE Chief Meets Top Colombia Rebel Leader
                ------------------------------------------

BOGOTA -- The head of the New York Stock Exchange held face-to-face talks
Saturday with a leader of Colombia's main Marxist rebel group, government
sources said.

They said NYSE Chairman Richard Grasso flew into a demilitarized region of
Colombia's southern jungle and savanna for his talks with a member of the
general secretariat of the Revolutionary Armed Forces of Colombia (FARC).

A government spokesman initially said Grasso had met Manuel Marulanda, a
legendary figure known by the alias ``Sureshot'' and the FARC's maximum
commander.

But the state-run news agency ANCOL later reported that Grasso had met
Raul Reyes, one of Marulanda's top deputies and his chief negotiator in
fledgling peace talks with the government.

The meeting was thought to be the first between a senior member of the
FARC, which is radically opposed to capitalism, and a representative of
one of the world's top financial markets.

ANCOL quoted Grasso as having stressed the importance of full-fledged
negotiations between the government and FARC, which are due to get under
way on July 7 and aimed at ending a conflict that has taken more than
35,000 lives over the last decade alone.

The news agency said Grasso had extended a personal invitation to leaders
of the FARC, which is considered a ''terrorist'' organization by the State
Department, to visit Wall Street as soon as possible.

``I invite members of the FARC to visit the New York Stock Exchange so
that they can get to know the market personally,'' Grasso was quoted as
saying.

``I truly hope that they can do this,'' he added.

The government has granted the FARC control of a Switzerland-sized area of
south and southeast Colombia since last November as a confidence-building
measure to enter into peace talks.

ANCOL said Grasso's talks with Reyes, which lasted 1-1/2 hours, took place
inside the rebel-controlled zone in an area near the village of La
Machacha, in southern Caqueta province.

The news agency also said Grasso, whose presence in Colombia was kept
secret until Saturday, was slated to return to New York Sunday.

Local media said Grasso had asked to meet a representative of the FARC's
high command to discuss foreign investment and the future role of U.S.
businesses in Colombia.

The FARC and a smaller rebel group, the National Liberation Army (ELN),
both took up arms against the state in the mid-1960s and have a
long-running tradition of targeting U.S. interests in Colombia.

Both groups also use kidnapping to help bankroll their war effort.

        Copyright 1999 Reuters Limited

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