-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 Aig32FbCG1Mgba5r/j96kw==

<SEC-DOCUMENT>0001217340-03-000007.txt : 20030724
<SEC-HEADER>0001217340-03-000007.hdr.sgml : 20030724
<ACCEPTANCE-DATETIME>20030724162819
ACCESSION NUMBER:		0001217340-03-000007
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030723
FILED AS OF DATE:		20030724

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VIZCARRONDO JULIO E JR
		CENTRAL INDEX KEY:			0001217340

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13818
		FILM NUMBER:		03801224

	MAIL ADDRESS:	
		STREET 1:		P O BOX 9004
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00908

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POPULAR INC
		CENTRAL INDEX KEY:			0000763901
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				660416582
		STATE OF INCORPORATION:			PR
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		209 MUNOZ RIVERA AVE
		STREET 2:		POPULAR CENTER BUILDING
		CITY:			HATO REY
		STATE:			PR
		ZIP:			00918
		BUSINESS PHONE:		7877659800

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 362708
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00936-2708

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANPONCE CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>PRIMARY DOCUMENT
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          <transactionCode>M</transactionCode>
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              <value>D</value>
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<footnotes>
   <footnote id="F1">Mr. Vizcarrondo also owns directly 8,000 of Popular, Inc. Preferred Stock. Indirectly owns 142,618 shares of Popular, Inc. as trustee of DMI Pension Trust for which he disclaims beneficial ownership, also indirectly owns 1,436 shares of Popular, Inc. - Vicar Entreprises, Inc. -shares held in trust for his children and for which disclaims beneficial ownership.  Mr. Vizcarrondo's wife owns 18.18% in Junior Investment which owns 40,000 preferred stocks of Popular, Inc. - 7,272.  Total stock options of Pop</footnote>
</footnotes>
    <ownerSignature>
       <signatureName>Julio E. Vizcarrondo, Jr.</signatureName>
       <signatureDate>2003-07-24</signatureDate>
    </ownerSignature>
</ownershipDocument>

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-----END PRIVACY-ENHANCED MESSAGE-----