II. LEADING TRADE PROSPECTS FOR U.S. BUSINESS


Following is a list of industry and agricultural best prospects
for U.S. business in Spain.  Detailed information on each sector
is available in Appendix B of this report.

A. Industry Best Prospects

1)   Telecommunications Services
2)   Medical Equipment
3)   Pollution Control Equipment
4)   Franchising
5)   Computer Software
6)   Films and Videos
7)   Telecommunications Equipment
8)   Paper and Paperboard
9)   Computer Services
10)  Dental Equipment
11)  Sporting Goods & Recreational Equipment
12)  Marine Fisheries Products
13)  Laboratory and Scientific Equipment
14)  Packaging Equipment
15)  Water Resource Equipment
16)  Aircraft and Parts
17)  Travel and Tourism Services
18)  Coal
19)  Computers and Peripherals
20)  Building Products
21)  Electrical Power Systems
22)  Apparel
23)  Business Equipment
24)  Toys and Games
25)  Books and Periodicals
26)  Engineering Services

B. Agriculture Best Prospects

A more stable value of the peseta, a rebound of U.S. agricultural
prices to more normal levels from the 1993 peak, a recovery of
the Spanish economy and the implementation of the recent U.R.
agreement will result in increased U.S. agricultural and food
products exports to Spain in the future.

               ---------Millions of U.S. Dollars----------------
                         1993      1994(e)   1995(e)
Soybeans                 256       275       280
Corn, Corn
by-products & Sorghum    257       250       250
Tobacco                  103       120       150
Forest Products          124       130       135
Total Ag. Imports      1,101     1,200     1,400