FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of February, 2005

Commission File Number: 001-12440

ENERSIS S.A.

(Translation of Registrant’s Name into English)

Santa Rosa 76
Santiago, Chile

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F:

Form 20-F  [X]   Form 40-F  [   ]

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes    [  ]      No    [X]

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes    [  ]      No    [X]

Indicate by check mark whether by furnishing the information
contained in this Form, the Registrant is also thereby furnishing the
information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes    [  ]      No    [X]

If °;Yes” is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): N/A

INDEX OF EXHIBITS

Santiago, February 28, 2005

Ger. Gen N° 039/2005

Mister
Alejandro Ferreiro Y.
Superintendent of Securities and Insurance
Santiago

REF.: ESSENTIAL FACT

Dear Sir,

In accordance with Articles 9 and 10, Paragraph 2 of Law N° 18,045, the contents of General Norm N° 30 and of Circular N° 687 issued by your Superintendency, and duly empowered to do so, I hereby inform you, as an essential fact, that in the meeting held on February 28, 2005, the Board of Directors of Enersis S.A. unanimously agreed to propose to the Ordinary General Meeting of Shareholders to be held on April 8, 2005 for its decision, the payment of a definitive dividend for an amount equivalent to 50% (fifty percent) of the net income before negative goodwill amortization for the fiscal year 2004. This constitutes a modification to the current Policy on Dividends which was announced at the Ordinary General Meeting of Shareholders held on March 26, 2004.

Yours sincerely,

Mario Valcarce D.
General Manager

c.c.: Santiago Stock Exchange

Electronic Stock Exchange of Chile

Brokers Exchange of Valparaíso

Risk Rating Comisión

Banco Santander Santiago– Representative of the Bond Holders

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ENERSIS S.A.
Date: February 28, 2005	By:	/s/ Mario Valcarce
		Name:    Mario Valcarce
		Title:      Chief Executive Officer