UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                               -------------------

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*

                        Compania Cervecerias Unidas S.A.
                                (Name of Issuer)

                    Common Stock without nominal (par) value
                          Title of Class of Securities

                                    204429104
                                 (CUSIP Number)

                            Rosita Covarrubias Gatica
                        Enrique Foster Sur 20, 14th Floor
                                 Santiago, Chile
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                   March 2006
             (Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. |_|

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Inversiones y Rentas S.A.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER

                    210,568,432
               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON           210,568,432
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER


--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Inversiones IRSA Limitada
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER

                    14,146,707
               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON           14,146,707
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER


--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Quinenco S.A.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Heineken N.V.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     The Netherlands
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Luksburg Foundation
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Liechtenstein
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Lanzville Investments Establishment
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Liechtenstein
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Dolberg Finance Corporation Establishment
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Liechtenstein
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Geotech Establishment
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Liechtenstein
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Andsberg Ltd.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Jersey, Channel Islands
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Andsberg Inversiones Ltd.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Jersey, Channel Islands
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Andsberg Inversiones Ltda.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Ruana Copper Corporation Establishment
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Liechtenstein
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Guillermo Luksic Craig
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Nicolas Luksic Puga
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Inmobiliaria e Inversiones Rio Claro S.A.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Andronico Luksic Craig
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Patricia Lederer Tcherniak
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Inversiones Consolidadas S.A.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Inversiones Salta S.A.
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     HC
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Andronico Luksic Lederer
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Davor Luksic Lederer
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Max Luksic Lederer
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



CUSIP No. 204429104
--------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

     Dax Luksic Lederer
--------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  |X|
                                                                 (b)  |_|
--------------------------------------------------------------------------------
3    SEC USE ONLY


--------------------------------------------------------------------------------
4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   |_|


--------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile
--------------------------------------------------------------------------------
               7    SOLE VOTING POWER


               -----------------------------------------------------------------
  NUMBER OF    8    SHARED VOTING POWER
   SHARES
BENEFICIALLY        210,568,432
  OWNED BY     -----------------------------------------------------------------
    EACH       9    SOLE DISPOSITIVE POWER
  REPORTING
   PERSON
    WITH       -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER

                    210,568,432
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     210,568,432
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  |_|


--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     66.1%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------



            The statement on Schedule 13D filed on September 30, 2005 (the
"Schedule 13D"), relating to the common stock without nominal (par) value (the
"Common Stock"), of Compania Cervecerias Unidas S.A. ("CCU"), a company
organized under the laws of Chile, is hereby amended as set forth below by this
Amendment No. 1 to the Schedule 13D. Capitalized terms used herein and not
otherwise defined herein shall have the respective meanings assigned to such
terms in the Schedule 13D.

      Item 3. Source and Amount of Funds or Other Consideration.

      Item 3 of the Schedule 13D is hereby amended and restated in its entirety
as follows:

            On March 21, 2006, Inversiones IRSA Limitada ("IRSA Ltda.")
purchased 6,200,000 additional shares of CCU's Common Stock at a purchase price
of Ch$2,800* per share for an aggregate purchase price of Ch$17,380,658,400
(including commissions and VAT). The purchase of the shares was financed through
a capital contribution made by Inversiones y Rentas S.A. ("IRSA") to IRSA Ltda.
IRSA financed the capital contribution with long-term bank financing and own
funds.

Long-term indebtedness of IRSA to finance IRSA Ltda.'s capital increase:



Lender                     Date of Incurrence    Principal Amount**    Interest Rate               Date of Repayment
                                                                                       
BBVA                       November 30, 2005     UF200,000             TAB 180 days + 0.45% p.a.   May 31, 2013
Banco Estado               November 30, 2005     UF400,000             TAB 180 days + 0.45% p.a.   May 31, 2013
Banco de Credito e Inv.    November 30, 2005     UF400,000             TAB 180 days + 0.45% p.a.   May 31, 2013


* Chilean Pesos.

** Unidades de Fomento (UFs), which are inflation-indexed, peso-denominated
monetary units. The UF rate is set daily in advance based on changes in the
previous month's inflation rate in Chile.

      Item 4. Purpose of the Transaction.

      Item 4 of the Schedule 13D is hereby amended and restated in its entirety
as follows:

            IRSA Ltda. purchased the shares to increase its ownership interest
in CCU.

      Item 5. Interests in Securities of the Issuer.

      Item 5 of the Schedule 13D is hereby amended and restated in its entirety
as follows:

            (a)-(b) See pages 2-24 of this Amendment No. 1 to the Schedule 13D
for the aggregate number and percentage of Common Shares beneficially owned by
each Reporting Person, the number of Common Shares as to which there is sole or
shared power to vote, or to direct the vote, and sole or shared power to dispose
or to direct the disposition.

            (c) On March 21, 2006, IRSA Ltda. purchased 6,200,000 shares of
CCU's Common Stock at a purchase price of Ch$2,800 per share for an aggregate
purchase price of Ch$17,380,658,400 (including commissions and VAT).

            (d) Not applicable.

            (e) Not applicable.



Item 7. Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and restated in its entirety as
follows:

         Exhibit No.    Description
         -----------    -----------

         A              Syndicated Loan Agreement - Inversiones y Rentas S.A.
                        and Banco del Estado de Chile and Others

         B              Modification of Syndicated Loan Agreement - Inversiones
                        Y Rentas S.A. and Banco del Estado de Chile and Others



                                   SIGNATURES

      After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.

Date:           , 2006

                                   Inversiones y Rentas S.A.
                                   Inversiones IRSA Limitada


                                   By:   /s/ Rosita Covarrubias Gatica
                                       -----------------------------------------
                                   Name: Rosita Covarrubias Gatica
                                         Title:  General Manager

                                   Quinenco S.A.


                                   By:   /s/ Luis Fernando Antunez Bories
                                       -----------------------------------------
                                   Name: Luis  Fernando Antunez Bories
                                         Title:  Chief Financial Officer

                                   Luksburg Foundation
                                   Dolberg Finance Corporation Establishment
                                   Lanzville Investment Establishment
                                   Ruana Copper Corporation Establishment
                                   Geotech Establishment
                                   Andsberg Ltd.
                                   Andsberg Inversiones Ltd.
                                   Andsberg Inversiones Ltda.


                                   By:   /s/ Guillermo Luksic Craig
                                       -----------------------------------------
                                         Name: Guillermo Luksic Craig


                                   By:   /s/ Jean-Paul Luksic Craig
                                       -----------------------------------------
                                         Name: Jean-Paul Luksic Fontbona



                                   Heineken N.V.


                                   By:    /s/ D.R. Hooft Graatland
                                       -----------------------------------------
                                   Name:  D.R. Hooft Graatland
                                   Title: Executive Board

                                   Guillermo Luksic Craig
                                   Nicolas Luksic Puga
                                   Inmobiliaria e Inversiones Rio Claro S.A.


                                   By:    /s/ Mario Garrido Taraba
                                       -----------------------------------------
                                          Name: Mario Garrido Taraba
                                          Title:  Attorney-in-fact

                                   Andronico Luksic Craig
                                   Patricia Lederer Tcherniak
                                   Inversiones Consolidadas S.A.
                                   Inversiones Salta S.A.
                                   Andronico Luksic Lederer
                                   Davor Luksic Lederer
                                   Max Luksic Lederer
                                   Dax Luksic Lederer


                                   By:    /s/ Rodrigo Terre Fontbona
                                       -----------------------------------------
                                          Name: Rodrigo Terre Fontbona
                                          Title:  Attorney-in-fact



                                                                    Exhibit A

SYNDICATED LOAN AGREEMENT
INVERSIONES Y RENTAS S.A.
And
BANCO DEL ESTADO DE CHILE AND OTHERS

Present before me, FELIX JARA CADOT,  NOTARY OF Santiago  domiciled at Huerfanos
Street 1160, office 12, on November 30, 2005, are:

a) INVERSIONES Y RENTAS S.A., tax identification No.96.427.000-7,  an investment
company,  represented by ROSITA COVARRUBIAS GATICA, Chilean, married, commercial
engineer,  identity card  No.6.089.295-4,  and JOSE  FRANCISCO  PEREZ  MACKENNA,
Chile, married, commercial engineer, identity card No.6.525.286-4, all domiciled
at Enrique Foster Sur 20, 14th floor, Las Condes;

b) BANCO DEL ESTADO DE CHILE, an autonomous state entity,  represented by VICTOR
CODDOU  BRAGA,  Chilean,  married,  commercial  engineer,  identity  card number
7.706.983-6,  both  domiciled at Avenida  Libertador  Bernardo  O'Higgins  1111,
Santiago;

c) BANCO BILBAO VIZCAYA ARGENTARIA, CHILE, a banking corporation, represented by
JOSE IGNACIO BORDALI SALAMANCA,  Chilean, married, commercial engineer, identity
card  number  7.640.912-9  and  PATRICIA  MONTINI  SARTORI,   Chilean,  married,
commercial engineer, identity card number 8.349.990-7,  all domiciled at Avenida
Pedro de Valdivia 100, 17th floor, Providencia;

d) BANCO DE CREDITO E INVERSIONES, a banking corporation,  represented by VICTOR
SALINAS FLORES,  Chilean,  married,  commercial  engineer,  identity card number
9.395.857-8  and JOSE LUIS  FIGUERAS  SEPULVEDA,  Chilean,  married,  commercial
engineer,  identity card number  8.826.946-2,  all domiciled at Huerfanos Street
1134, 6th floor, Santiago; who state the following:

FIRST:  By this  instrument,  BANCO DEL ESTADO DE CHILE,  BANCO  BILBAO  VIZCAYA
ARGENTARIA,  CHILE and BANCO DE CREDITO E INVERSIONES,  hereinafter and together
"the Banks",  commit to grant to  INVERSIONES  Y RENTAS S.A.,  hereinafter  "the
Debtor",  a loan,  hereinafter  "the  Syndicated  Loan",  for the  equivalent in
Chilean  pesos of  1,000,000  Unidades  de Fomento,  according  to the terms and
conditions  contained in the following clauses. The participation of each of the
Banks in the Syndicated Loan is as follows:

a) Banco del Estado de Chile: 400,000 Unidades de Fomento,  equivalent to 40% of
the Syndicated Loan.

b)  Banco  Bilbao  Vizcaya  Argentaria,  Chile:  200,000  Unidades  de  Fomento,
equivalent to 20% of the Syndicated Loan.

c) Banco de Credito e Inversiones:  400,000  Unidades de Fomento,  equivalent to
40% of the Syndicated Loan.

Each of the Banks shall only be responsible for disbursing its



proportion and/or pro rata in the total Syndicated Loan.

SECOND:  The  Syndicated  Loan shall have the  following  characteristics;  One)
Drawings may be made partially as requested by the Debtor in accordance with the
following  procedure:  a) The Debtor shall require the drawing from the Banks in
writing, stating the amount required to be disbursed by the Banks, b) Having met
the requirements established in this Agreement, each of the Banks shall disburse
their  respective  loan net of stamp taxes and notary fees on the next  business
day following the date that the Debtor presented its drawing request,  always in
the proportions stated in the preceding clause. Two) Period of availability: The
loans  corresponding  to the  Syndicated  Loan may not be drawn  after March 30,
2006. Once the availability period has expired,  the Banks shall make no further
disbursements even though the maximum amount of the financing has not been used,
the  Syndicated  Loan being  understood to be limited to the amount  effectively
disbursed to that date. It is expressly  established that the Syndicated Loan is
not of a revolving  nature.  Three)  Currency and Interest  Rate: The Syndicated
Loan shall be granted in non-indexed  Chilean pesos and shall accrue interest as
follows:  a) Interest  shall accrue as from the date of granting of each loan at
the annual rate resulting from adding 0.45 percentage  points to the Nominal TAB
for 180 days on the date of  drawing.  b) Nominal  TAB is  understood  to be the
average weighted interest rate for deposits for non-indexed  transactions at 30,
90,  180 and 360  days  for  each  banking  business  day as  determined  by the
Association  of  Banks  and  Financial  Institutions,  in  accordance  with  the
regulation  published in the Official  Gazette on October 4 and 13, 2001 and its
modifications or replacements if any, and which is published in the press on the
day following its determination. For accrediting this rate, the Banks may use as
evidence   certificates  issued  by  the  Association  of  Banks  and  Financial
Institutions  which may not be objected to by the Debtor,  except in the case of
manifest  error.  c)  The  interest  rate  on  these  loans  shall  be  adjusted
semi-annually  on the basis of the Nominal TAB rate for 180 days  determined for
the first day of each semi-annual period plus the respective  percentage points,
so that the interest rate is determined to apply for the following  half year on
each  occasion.  In the event  that a date  when it is  required  to adjust  the
Nominal TAB rate should fall on a non-banking business day, the Nominal TAB rate
shall be determined for the immediately  following  banking business day without
this altering the start of the  respective  period.  As an exception,  the first
adjustment  shall be made on May 31, 2006.  d) Should the Nominal TAB rate cease
to  exist  during  the  term of the  Syndicated  Loan,  effective  from the date
following that for adjusting the interest rate, the prevailing  current interest
rate shall be applied for non-indexed peso transactions.  The rate so



determined  shall also be adjusted  semi-annually  in accordance  with the above
rules. The current interest rate for non-indexed peso transactions is understood
to  be  that   determined   and  published  in  the  Official   Gazette  by  the
Superintendency of Banks and Financial Institutions,  or the entity that the law
might state. e) In the event of default or simple delay in the payment of one or
more  installments of principal  and/or interest  granted against the Syndicated
Loan,  the  respective  obligation  shall accrue  interest from that date at the
maximum  conventional  interest  rate for  non-indexed  credit  transactions  in
Chilean  pesos.  f) For  calculating  interest,  the days between the successive
interest  payment dates stated in this  instrument  shall be taken into account,
both inclusive,  except in the first period which shall correspond to the number
of days between the date of drawing of the respective loan and the day preceding
the first maturity,  both included.  g) The Debtor may request just once that on
the first interest rate  adjustment  date,  that is May 31, 2006, the Syndicated
Loan be redenominated into Unidades de Fomento.  This  redenomination  should be
requested  in  writing  at least  five  days  prior  the date  mentioned  and be
implemented through  modification sheets to the respective  promissory notes. h)
Should  the  redenomination  be made,  effective  from that date each loan shall
accrue interest at the annual rate resulting from adding 0.45 percentage  points
to the TAB Bank Rate for 180 days corresponding to that day. Such interest shall
be calculated  on the balance of principal  duly  adjusted.  i) TAB Bank Rate is
understood  to be  the  average  weighted  deposit  interest  rate  for  indexed
transactions  at 90, 180 and 360 days determined by the Association of Banks and
Financial  Institutions  for each banking  business day, in accordance  with the
regulation  published  in the  Official  Gazette  on  January  17,  2004 and its
modifications  or  replacements  if any,  and  published in the press on the day
following its  determination.  For  accrediting  this rate, the Banks may use as
evidence   certificates  issued  by  the  Association  of  Banks  and  Financial
Institutions  which may not be objected to by the Debtor,  except in the case of
manifest  error.  j) The  interest  rate on the  redenominated  loans  shall  be
adjusted  semi-annually on the basis of the TAB rate for 180 days determined for
the first day of each semi-annual period plus the respective  percentage points,
so that the interest rate is determined to apply for the following  half year on
each  occasion.  In the event that a date when it is  required to adjust the TAB
rate should fall on a non-banking business day, the TAB rate shall be determined
for the  immediately  following  banking  business day without this altering the
start of the respective period. k) Should the TAB rate cease to exist during the
term of the  Syndicated  Loan,  effective  from  the  date  following  that  for
adjusting  the interest  rate,  the  prevailing  current  interest rate shall be
applied for indexed  peso  transactions.  The rate so



determined  shall also be adjusted  semi-annually  in accordance  with the above
rules. The current interest rate for indexed peso  transactions is understood to
be that determined and published in the Official Gazette by the  Superintendency
of Banks and Financial Institutions,  or the entity that the law might state. l)
Once the  redenomination  has been made, in the event of default or simple delay
in the payment of one or more  installments of principal and/or interest granted
against the Syndicated  Loan, the respective  obligation  shall accrue  interest
from that date at the maximum  conventional  interest  rate for  indexed  credit
transactions  in Chilean  pesos.  m) Unidad de Fomento is  understood to be that
referred to in  Ministry of Finance  Supreme  Decree  No.40 of 1967.  Should the
Unidad de  Fomento  cease to exist,  or its  monthly  method of  calculation  is
changed,  effective from that date the indexation  method that replaces it shall
be applied,  calculated  daily based on the Consumer Price Index (CPI),  and, in
the absence of such  replacement  index, the changes in the CPI as determined by
the National  Institute  of  Statistics  or the  organism  replacing it shall be
applied  directly,  which index  shall also be applied  daily  according  to the
monthly  percentage  published in the Official  Gazette.  Four) Service:  a) The
principal  of each loan  shall be payable  in  Chilean  pesos plus the  interest
indicated in b) above, in eight successive equal annual installments  payable on
May 31 each year;  the first  shall fall due on May 31, 2006 and the last on May
31,  2013.  Should the Debtor  request the  redenomination  referred to in g) of
number three) of this clause,  payments shall be made in Chilean pesos according
to the value of the Unidad de Fomento on the  respective  maturity or  effective
date of payment. Payments should be made at the domicile of each of the Banks as
indicated  in  the  respective  promissory  note,  by 2 p.m.  on the  respective
maturity  date.  b) Interest  shall be payable  semi-annually  according  to the
schedule indicated in a) above. c) Should an installment  payment date fall on a
non-banking  business  day,  such  payment  shall be made on the next  following
banking  business day, and should include  interest at the same rate as the rest
of the  respective  installment,  calculated on the  principal  included in that
installment  for  the  number  of  days to the day  prior  to the  payment  date
inclusive. Five) Documentation: these loans shall be documented by means of term
promissory notes. The parties agree to legalize as Appendix One on this date and
before this  notary,  under the same File  number of this deed,  a format of the
promissory  note to be used. They also agree to legalize as Appendix Two on this
date and before this notary a format of the promissory note  modification  sheet
to be used  should the Debtor  request the  redenomination  referred to in g) of
Number 3) of this clause. Six) Prepayment:  The Debtor may prepay the Syndicated
Loan fully or partially subject to the following conditions:  a) It should pay a
commission to be determined  according to the following  formula:



VPi dos - Vpi uno. The terms of this formula have the following meaning: VPi uno
relates to the present value of the loan  installments  (principal and interest)
outstanding  on the  date of  prepayment,  discounted  at the  Nominal  TAB rate
applicable to the loan at the time or  prepayment,  considering  the maturity of
the loan to be the next interest rate  adjustment  date.  VPi dos relates to the
present value of the same  installments  but  discounted at Nominal TAB rate for
180, 90 and 30 days  corresponding  to the day on which the  prepayment is made,
considering  the loan maturity date as the next interest rate  adjustment  date.
Should  the  prepayment  be made  between  179 and 135  days  prior  to the next
interest rate  adjustment  date, the 180-day  Nominal TAB rate shall be used; if
made  between  134 and 60 days prior to that date,  the 90-day  Nominal TAB rate
shall be used and if made 59 days or less prior to that date, the 30-day Nominal
TAB rate shall be used. Should the Syndicated Loan have been  redenominated into
Unidades de Fomento,  the TAB  currently  applicable  to the loan at the date of
prepayment shall replace VPi uno and the TAB for 180 or 90 days corresponding to
the prepayment date shall replace VPi dos. Should the prepayment be made between
179 and 135 days prior to the next interest rate  adjustment  date,  the 180-day
TAB rate shall be used; if made 134 days or less prior to that date,  the 90-day
TAB rate shall be used. In both cases,  the  commission  shall be applied to the
amount of principal  prepaid in proportion to the number of days remaining until
the next  interest  rate  adjustment  date.  Should the result of the formula be
negative or if the  prepayment  is made on any of the interest  rate  adjustment
dates, no commission  shall be payable.  b) Notice in writing should be given to
the Banks at least 10  banking  business  days  prior to the date on which it is
intended to prepay. c) In the case of partial prepayments,  their amount may not
be less than 10 percent of the  principal  outstanding.  d) Each Bank  should be
prepaid in proportion to their participations in the Syndicated Loan. e) Accrued
interest to the date or prepayment  should be paid.  THIRD:  The disbursement of
the loans  related to the  Syndicated  Loan is subject  to  compliance  with the
following conditions: a) That the debtor has delivered the corresponding drawing
request.  b) That  no act of  default  exists  as  stated  in  clause  6 of this
Agreement.  c) That the debtor signs the respective  promissory  notes.  FOURTH:
INVERSIONES Y RENTAS S.A.  hereby  assumes the following  obligations  which the
banks through their representatives accept: a) To maintain a direct shareholding
of at least 50.1% in COMPANIA CERVECERIAS UNIDAS S.A., tax  No.90.413.000-1.  b)
To maintain in its quarterly financial statements (Fecu) a debt level of no more
than 0.6:1, measured on its unconsolidated  balance sheet. This ratio is defined
as that of total liabilities  (account 5.21.00.00 plus account 5.22.00.00 of the
Fecu) less short and  long-term  provisions  (account  5.21.20.20  plus  account



5.22.60.00  of the Fecu) to the Total Assets of the Company.  Total  liabilities
should  include  for this  purpose  the amount of all  guarantees  and  security
granted to cover the obligations of third parties,  including its  subsidiaries.
Total assets of the company are understood to be those in account  5.10.00.00 of
the unconsolidated  Fecu. Should the Superintendency of Securities and Insurance
in the future  modify these  accounts of the FECU,  the FECU  accounts  shall be
considered that correspond to generally  accepted  accounting  concepts for each
one of the items  indicated  for the  purposes  of this  ratio.  c) To not grant
security in favor of other creditors unless similar  security is  simultaneously
granted in favor of the Banks  under the same  conditions.  d) To deliver to the
Banks their  audited  annual  financial  statements  no later than April 30 each
year, and semi-annual  statements no later than 60 days after June 30 each year.
e) To provide to the Banks  semi-annually  a certificate of compliance  with its
covenants  and negative  covenants  set out in this deed,  signed by its general
manager.  The  obligations  agreed in this clause shall remain current until the
Syndicated Loan is fully repaid.  FIFTH: In the event of default or simple delay
in the payment of one or more  installments  of the Syndicated  Loan, the Banks,
jointly or  separately,  shall be  authorized to demand the payment of all their
respective loans as if they were due and payable, notwithstanding the accrual of
penalty  interest as stipulated in number Three) of the Second clause.  The same
shall apply  should the Debtor fall into  cessation  of payments or present debt
restructuring proposals. SIXTH:  Notwithstanding the provisions of the preceding
clause,  each Bank shall be authorized  individually  to declare the  Syndicated
Loan as overdue and payable on demand only for its pro rata share,  without this
obliging  the other  banks to  accelerate  their  loans,  in which case  penalty
interest  shall  accrue in the  manner  set out in number  Three) of the  Second
clause,  if any of the following cases or events shall occur,  and regardless of
whether their  occurrence  was or not imputable to the Debtor:  a) If the Debtor
does not fully and promptly  comply with any of the  obligations  contracted  in
this  instrument  other than the payment of the Syndicated Loan and such default
is maintained after 30 days of being required in writing by any of the Banks. b)
If it is shown that the warranties and information provided by the Debtor to the
Banks in  connection  with this  instrument  are or would  have been  incorrect,
misleading or incomplete,  except for manifest mistake,  and the Debtor does not
complete,  add to, rectify or correct the warranties objected to or noted by the
Bank within  fifteen days of the date on which it was required in writing by any
of the Banks. c) If from this date,  without justified  reason,  the Debtor does
not pay on time and in full the taxes,  property taxes and taxes of any kind and
the withholding taxes and social-security contributions that the law requires or
ceases to pay financial  obligations for an amount



of more than  150,000  Unidades  de Fomento or a  creditor  accelerates  for any
reason obligations  amounting to more than 150,000 Unidades de Fomento and these
defaults are not corrected within 10 days from the date of their payment default
or of the acceleration of the obligation. d) If COMPANIA CERVECERIAS UNIDAS S.A.
were  declared  bankrupt,  fell into  cessation  of payments or  presented  debt
restructuring proposals, or ceased to pay obligations for an amount of more than
350,000  Unidades de Fomento and this default were not corrected  within 10 days
from the date of the default.  e) If a creditor of COMPANIA  CERVECERIAS  UNIDAS
S.A.,  to whom was due or  becomes  due any sum of money  equal to or more  than
350,000 Unidades de Fomento,  should accelerate for any reason the collection of
their loan and this could not be  corrected  within 10 days from the date of the
acceleration.  SEVENTH:  All the expenses,  rights and taxes  deriving from this
instrument  shall be for the exclusive  account of the Debtor.  EIGHTH:  For all
purposes  deriving from this  instrument,  the parties set their domicile in the
city and  municipality of Santiago and submit to the competence of its courts of
justice.  NINTH:  If for  any  reason  one or  more  of the  provisions  of this
agreement  were  declared  null  and  void,  either  fully  or  partially,  such
declaration  shall not affect the validity of the  remaining  provisions of this
instrument.  TENTH:  The Banks can  freely  assign  and  transfer  to  financial
institutions  in Chile all or part of their loans under this  agreement.  In the
case of  partial  assignments,  portions  of the  Syndicated  Loan of less  than
300,000 Unidades de Fomento may not be assigned;  this sum shall reduce by 12.5%
for each year of the term of the Syndicated  Loan. The assignments may not imply
any  additional  cost for the Debtor  which in any case shall be obliged to sign
the documentation that the respective Bank requests of it within fifteen days of
the written request by the Bank.

The powers of the  representative  of  INVERSIONES  Y RENTAS S.A.  appear in the
public  deed  signed on  September  7, 2005  before  the  Santiago  notary  Rene
Benavente  Cash. The powers of the  representative  of BANCO DEL ESTADO DE CHILE
appear in the public  deed signed on May 12,  2004  before the  Santiago  notary
Pedro  Reveco  Hormazabal.  The powers of the  representatives  of BANCO  BILBAO
VIZCAYA  ARGENTARIA,  CHILE appear in public deeds signed on September  26, 2002
and May 10, 1999,  both before the  Santiago  notary Jose  Musalem  Saffie.  The
powers of the  representatives  of BANCO DE  CREDITO E  INVERSIONES  appear in a
public deed signed on November 11, 2002 before the Santiago  notary Alberto Mozo
Aguilar.  These  deeds are not  included as they are known to the parties and to
the notary authorizing.

(signed by the parties)

Insert: evidence of payment of stamp taxes.



LOAN AGREEMENT

APPENDIX No.1

Promissory note

I owe and shall pay to the order to BANCO ......  at its office at ...., the sum
of Chilean pesos equivalent to Ch$ .... (....  Pesos) with respect to principal,
which I have  received on loan from that bank,  which  amount I shall  reimburse
plus the interest agreed below, on the following dates:

Installment 1: Ch$... plus interest on May 31, 2006.
Installment 2: Ch$... plus interest on May 31, 2007.
Installment 3: Ch$... plus interest on May 31, 2008.
Installment 4: Ch$... plus interest on May 31, 2009.
Installment 5: Ch$... plus interest on May 31, 2010.
Installment 6: Ch$... plus interest on May 31, 2011.
Installment 7: Ch$... plus interest on May 31, 2012.
Installment 8: Ch$... plus interest on May 31, 2013.

The principal due shall accrue interest in accordance with the following rules:

      a)    Effective from the date of this instrument, it shall accrue interest
            at an annual rate  resulting from adding 0.45  percentage  points to
            the Nominal TAB for 180 days for that day. Interest shall be payable
            annually in accordance with the above schedule.

      b)    The  Nominal  TAB  Rate is  understood  to be the  average  weighted
            deposit  interest rate for  non-indexed  transactions at 30, 90, 180
            and 360 days  determined by the  Association  of Banks and Financial
            Institutions  for each banking  business day, in accordance with the
            regulation  published in the  Official  Gazette on October 4 and 13,
            2001 and its  modifications or replacements if any, and published in
            the press on the day following its  determination.  For  accrediting
            this rate, the Banks may use as evidence  certificates issued by the
            Association  of Banks and  Financial  Institutions  which may not be
            objected to by the Debtor, except in the case of manifest error.

      c)    The interest  rate  applicable to the  obligation  shall be adjusted
            semi-annually  on the  basis  of the  Nominal  TAB rate for 180 days
            determined  for the first day of each  semi-annual  period  plus the
            respective   percentage   points,  so  that  the  interest  rate  is
            determined  to be  applied  for  the  following  half  year  on each
            occasion. In the event that a date when it is required to adjust the
            Nominal TAB rate should fall on a non-business  day, the Nominal TAB
            rate



            shall be determined for the immediately  following  banking business
            day without this altering the start of the respective  period. As an
            exception, the first adjustment shall be made on May 31, 2006.

      d)    Should the  Nominal  TAB rate cease to exist  during the term of the
            obligation, effective from the date following that for adjusting the
            interest rate, the prevailing current interest rate shall be applied
            for non-indexed peso transactions. The rate so determined shall also
            be adjusted  semi-annually  in accordance with the above rules.  The
            current   interest  rate  for  non-indexed   peso   transactions  is
            understood  to be that  determined  and  published  in the  Official
            Gazette by the Superintendency of Banks and Financial  Institutions,
            or the entity that the law might state.

      e)    For calculating  interest,  the days between the successive interest
            payment dates stated in this instrument shall be taken into account,
            both inclusive, except in the first period which shall correspond to
            the number of days between this date and the day preceding the first
            maturity, both included.

In the  event  of  default  or  simple  delay  in  the  payment  of one or  more
installments of the obligation,  the creditor Bank shall be authorized to demand
payment of the whole  principal  outstanding  at the date of delay as if it were
due payable.  Also,  effective from the date of the delay,  the obligation shall
accrue interest at the maximum conventional interest rate for non-indexed credit
transactions  in Chilean  pesos  unless such rate were less than that  currently
applicable  to the debt at the time of default,  in which case the latter  shall
continue to be applicable.

This obligation is indivisible  for all legal purposes.  This promissory note is
signed  without  any  obligation  to protest  but  should  the holder  choose to
protest,  it may do so at its option in banking  or notary  form or through  the
corresponding public official.  In any event, in the event of protest the signor
is obliged to pay all related costs and taxes.

All the taxes,  notary fees and other expenses  affecting this  promissory  note
shall be for the account of the signor.

For  all  legal  purposes   deriving  from  this  promissory  note,  the  signor
constitutes  domicile  in  the  municipality  of  Santiago  and  submits  to the
competence of its ordinary courts of justice.

Santiago, ..... 2006

Signor: INVERSIONES Y RENTAS S.A. Tax No.96,427.000-7



Representatives:                            Tax No.

Domicile: Enrique Foster Sur 20, 14th floor, Las Condes, Santiago



LOAN AGREEMENT

APPENDIX No.2

Modification of Promissory Note

I declare  that this sheet is an  extension  and forms part of  Promissory  Note
No....  dated ...  signed by  INVERSIONES  Y RENTAS  S.A.  to the order of BANCO
....... for an initial principal amount of Ch$ .... (.... pesos).

It is  acknowledged  that Ch$ ... of principal is due and that interest has been
paid up to and including May 30, 2006.

As agreed with the creditor Bank, I modify the promissory note as follows:

      a)    As from this date,  the debt shall be expressed as its equivalent in
            Unidades de Fomento and shall be payable in Chilean pesos  according
            to the  value of that  unit on the  maturity  or  effective  date of
            payment, whichever were the greater.

      b)    According to the value of the Unidad de Fomento  today,  the balance
            of the debt equates to UF ... (... Unidades de Fomento).

      c)    The amount referred to of UF ... shall be payable as follows:

                  Installment 1: UF... plus interest on May 31, 2007.
                  Installment 2: UF... plus interest on May 31, 2008
                  Installment 3: UF... plus interest on May 31, 2009.
                  Installment 4: UF... plus interest on May 31, 2010.
                  Installment 5: UF... plus interest on May 31, 2011
                  Installment 6: UF... plus interest on May 31, 2012
                  Installment 7: UF... plus interest on May 31, 2013

      d)    As from the date of this  modification,  the principal  shall accrue
            interest at an annual  rate  resulting  from adding 0.45  percentage
            points  to the Bank TAB  rate  for 180 days for that  day.  Interest
            shall be payable on the balance of  principal  duly  restated and in
            accordance with the schedule indicated in c) above.

      e)    TAB Bank  Rate is  understood  to be the  average  weighted  deposit
            interest  rate  for  indexed  transactions  at 90,  180 and 360 days
            determined by the  Association  of Banks and Financial  Institutions
            for each banking  business  day, in accordance  with the  regulation
            published  in the  Official  Gazette  on  January  17,  2004 and its
            modifications  or replacements if any, and published in the press on
            the day



            following its  determination.  For accrediting  this rate, the Banks
            may use as evidence  certificates issued by the Association of Banks
            and  Financial  Institutions  which  may not be  objected  to by the
            Debtor, except in the case of manifest error.

      f)    The interest rate on the obligation shall be adjusted  semi-annually
            on the basis of the TAB rate for 180 days  determined  for the first
            day of  each  semi-annual  period  plus  the  respective  percentage
            points,  so that the interest  rate is  determined  to apply for the
            following half year. In the event that a date when it is required to
            adjust the TAB rate should fall on a  non-banking  business day, the
            TAB rate shall be determined for the immediately  following  banking
            business  day  without  this  altering  the start of the  respective
            period.

      g)    Should  the TAB  rate  cease  to  exist,  effective  from  the  date
            following  that for  adjusting  the interest  rate,  the  prevailing
            current   interest   rate  shall  be  applied   for   indexed   peso
            transactions.   The  rate  so  determined  shall  also  be  adjusted
            semi-annually  in  accordance  with the  above  rules.  The  current
            interest rate for indexed peso transactions is understood to be that
            determined   and   published   in  the   Official   Gazette  by  the
            Superintendency of Banks and Financial  Institutions,  or the entity
            that the law might state.

      h)    In the event of  default  or simple  delay in the  payment of one or
            more  installments  of the  obligation,  the creditor  Bank shall be
            authorized to demand payment of the whole  principal  outstanding at
            the date of delay as if it were due payable.  Also,  effective  from
            the date of the delay,  the obligation  shall accrue interest at the
            maximum  conventional  interest rate for indexed credit transactions
            in  Chilean  pesos  unless  such rate were less than that  currently
            applicable  to the debt at the time of  default,  in which  case the
            latter shall continue to be applicable.

      i)    The  remaining  text  of the  promissory  note  hereby  modified  is
            unaltered.

Santiago, ..... 2006

Signor: INVERSIONES Y RENTAS S.A. Tax No.96,427.000-7

Representatives:                            Tax No.

Domicile: Enrique Foster Sur 20, 14th floor, Las Condes, Santiago



                                                                       Exhibit B

MODIFICATION OF SYNDICATED LOAN AGREEMENT
INVERSIONES Y RENTAS S.A.
And
BANCO DEL ESTADO DE CHILE AND OTHERS

Present before me, FELIX JARA CADOT,  NOTARY OF Santiago  domiciled at Huerfanos
Street 1160, office 12, on March 14, 2006, are:

a) INVERSIONES Y RENTAS S.A., tax identification No.96.427.000-7,  an investment
company,  represented by ROSITA COVARRUBIAS GATICA, Chilean, married, commercial
engineer, identity card No.6.089.295-4, and GIORGIO MASCHIETTO MONTUSCHI, Chile,
married,  chemical  engineer,  identity  card  No.4.344.082-9,  all domiciled at
Enrique Foster Sur 20, 14th floor, Las Condes;

b) BANCO DEL ESTADO DE CHILE, an autonomous state entity,  represented by VICTOR
CODDOU  BRAGA,  Chilean,  married,  commercial  engineer,  identity  card number
7.706.983-6,  both  domiciled at Avenida  Libertador  Bernardo  O'Higgins  1111,
Santiago;

c) BANCO BILBAO VIZCAYA ARGENTARIA, CHILE, a banking corporation, represented by
JOSE IGNACIO BORDALI SALAMANCA,  Chilean, married, commercial engineer, identity
card  number  7.640.912-9  and  PATRICIA  MONTINI  SARTORI,   Chilean,  married,
commercial engineer, identity card number 8.349.990-7,  all domiciled at Avenida
Pedro de Valdivia 100, 17th floor, Providencia;

d) BANCO DE CREDITO E INVERSIONES, a banking corporation, represented by ANTONIO
LE-FEUVRE VERGARA, Chilean, married,  commercial engineer,  identity card number
7.438.369-6  and JOSE LUIS  FIGUERAS  SEPULVEDA,  Chilean,  married,  commercial
engineer,  identity card number  8.826.946-2,  all domiciled at Huerfanos Street
1134, 6th floor, Santiago; who identify themselves with their identity cards and
state the following:

FIRST:  By public deed dated November 30, 2005 signed before the Santiago notary
Felix Jara Cadot, BANCO DEL ESTADO DE CHILE,  BANCO BILBAO VIZACAYA  ARGENTARIA,
CHILE and BANCO DE CREDITO E INVERSIONES,  hereinafter  and jointly the "Banks",
and  INVERSIONES Y RENTAS S.A.,  hereinafter  the "Debtor",  signed a Syndicated
Loan  Agreement  whereby the former  commit to grant to the Debtor a  syndicated
loan for the sum  equivalent on pesos of one million  Unidades de Fomento,  with



Banco del Estado de Chile  participating with UF 400,000,  Banco Bilbao Vizacaya
Argentaria,  Chile with UF 200,000  and Banco de Credito e  Inversiones  with UF
400,000.  The deed referred to contained the terms,  requirements and conditions
of the financing.

SECOND:  The  parties  hereby  agree to modify  the  Syndicated  Loan  Agreement
indicated in the preceding clause, in the following  aspects:  One) Letter a) of
number Four) of the second  clause is replaced as follows:  "a) The principal of
each loan shall be payable in Chilean  pesos plus the  interest  indicated in b)
above,  in seven  successive  equal annual  installments  payable on May 31 each
year;  the first  shall fall due on May 31,  2007 and the last on May 31,  2013.
Should the Debtor request the redenomination  referred to in g) of number three)
of this clause,  payments shall be made in Chilean pesos  according to the value
of the  Unidad de  Fomento  on the  respective  maturity  or  effective  date of
payment, whichever the later. Payments should be made at the domicile of each of
the Banks as  indicated  in the  respective  promissory  note,  by 2 p.m. on the
respective  maturity  date." Two) Letter b) of number Four) of the second clause
is  replaced  as  follows:  "b)  Interest  shall be payable  annually  on May 31
annually, the first payment being due on May 31, 2006". Three) The format of the
promissory note used to document the loans is replaced,  legalized as Appendix 1
on the same date and before the same  notary,  with  reference to number five of
the second  clause of the Loan  Agreement,  by a new format of  promissory  note
which is legalized as Appendix 1 to this deed of  modification  on this date and
before the same notary, under the same register number as this deed.

THIRD:  Unless modified herein,  the terms of the Loan Agreement  referred to in
the first clause  remain  unaltered  and this  instrument  is  considered  as an
integral part of it for all legal purposes.

FOURTH: All the costs, fees and taxes deriving from this instrument shall be for
the exclusive account of the Debtor.

FIFTH:  For all purposes  deriving from this  instrument,  the parties set their
domicile in the city and  municipality  of Santiago and submit to the competence
of its courts of justice.  The powers of the  representatives  of  INVERSIONES Y
RENTAS S.A.  appear in the public deed  signed on  September  7, 2005 before the
Santiago notary Rene Benavente Cash. The powers of the  representative  of BANCO
DEL ESTADO DE CHILE  appear in the public deed signed on May 12, 2004 before the



Santiago notary Pedro Reveco  Hormazabal.  The powers of the  representatives of
BANCO  BILBAO  VIZCAYA  ARGENTARIA,  CHILE  appear  in  public  deeds  signed on
September  26,  2002 and May 10,  1999,  both  before the  Santiago  notary Jose
Musalem  Saffie.  The  powers  of the  representatives  of  BANCO DE  CREDITO  E
INVERSIONES  appear in a public  deed  signed on  November  11,  2002 before the
Santiago notary Alberto Mozo Aguilar.

These deeds are not  included as they are known to the parties and to the notary
authorizing.

(signed)



MODIFICATION OF LOAN AGREEMENT

APPENDIX No.1

Promissory note

I owe and shall pay to the order to BANCO ......  at its office at ...., the sum
of Chilean pesos equivalent to Ch$ .... (....  Pesos) with respect to principal,
which I have  received on loan from that bank,  which  amount I shall  reimburse
plus the interest agreed below, on the following dates:

Installment 1: Interest only, on May 31, 2006.
Installment 2: Ch$... plus interest on May 31, 2007.
Installment 3: Ch$... plus interest on May 31, 2008.
Installment 4: Ch$... plus interest on May 31, 2009.
Installment 5: Ch$... plus interest on May 31, 2010.
Installment 6: Ch$... plus interest on May 31, 2011.
Installment 7: Ch$... plus interest on May 31, 2012.
Installment 8: Ch$... plus interest on May 31, 2013.

The principal due shall accrue interest in accordance with the following rules:

      a)    Effective from the date of this instrument, it shall accrue interest
            at an annual rate  resulting from adding 0.45  percentage  points to
            the Nominal TAB for 180 days for that day. Interest shall be payable
            annually in accordance with the above schedule.

      b)    The  Nominal  TAB  Rate is  understood  to be the  average  weighted
            deposit  interest rate for  non-indexed  transactions at 30, 90, 180
            and 360 days  determined by the  Association  of Banks and Financial
            Institutions  for each banking  business day, in accordance with the
            regulation  published in the  Official  Gazette on October 4 and 13,
            2001 and its  modifications or replacements if any, and published in
            the press on the day following its  determination.  For  accrediting
            this rate, the Banks may use as evidence  certificates issued by the
            Association  of Banks and  Financial  Institutions  which may not be
            objected to by the Debtor, except in the case of manifest error.

      c)    The interest  rate  applicable to the  obligation  shall be adjusted
            semi-annually  on the  basis  of the  Nominal  TAB rate for 180 days
            determined  for the first day of each  semi-annual  period  plus the



            respective   percentage   points,  so  that  the  interest  rate  is
            determined  to be  applied  for  the  following  half  year  on each
            occasion. In the event that a date when it is required to adjust the
            Nominal TAB rate should fall on a non-business  day, the Nominal TAB
            rate  shall be  determined  for the  immediately  following  banking
            business  day  without  this  altering  the start of the  respective
            period.  As an exception,  the first adjustment shall be made on May
            31, 2006.

      d)    Should the  Nominal  TAB rate cease to exist  during the term of the
            obligation, effective from the date following that for adjusting the
            interest rate, the prevailing current interest rate shall be applied
            for non-indexed peso transactions. The rate so determined shall also
            be adjusted  semi-annually  in accordance with the above rules.  The
            current   interest  rate  for  non-indexed   peso   transactions  is
            understood  to be that  determined  and  published  in the  Official
            Gazette by the Superintendency of Banks and Financial  Institutions,
            or the entity that the law might state.

      e)    For calculating  interest,  the days between the successive interest
            payment dates stated in this instrument shall be taken into account,
            both inclusive, except in the first period which shall correspond to
            the number of days between this date and the day preceding the first
            maturity, both included.

In the  event  of  default  or  simple  delay  in  the  payment  of one or  more
installments of the obligation,  the creditor Bank shall be authorized to demand
payment of the whole  principal  outstanding  at the date of delay as if it were
due payable.  Also,  effective from the date of the delay,  the obligation shall
accrue interest at the maximum conventional interest rate for non-indexed credit
transactions  in Chilean  pesos  unless such rate were less than that  currently
applicable  to the debt at the time of default,  in which case the latter  shall
continue to be applicable.

This obligation is indivisible  for all legal purposes.  This promissory note is
signed  without  any  obligation  to protest  but  should  the holder  choose to
protest,  it may do so at its option in banking  or notary  form or through  the
corresponding public official.  In any event, in the event



of protest the signor is obliged to pay all related costs and taxes.

All the taxes,  notary fees and other expenses  affecting this  promissory  note
shall be for the account of the signor.

For  all  legal  purposes   deriving  from  this  promissory  note,  the  signor
constitutes  domicile  in  the  municipality  of  Santiago  and  submits  to the
competence of its ordinary courts of justice.

Santiago, ..... 2006

Signor: INVERSIONES Y RENTAS S.A. Tax No.96,427.000-7

Representatives:                            Tax No.

Domicile: Enrique Foster Sur 20, 14th floor, Las Condes, Santiago