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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FR7oRX8Sj72wtrdaf9gJJmDF+4TwPNh8/T0bFuR3x77fGP5bAxWePzPUjIwXQt3S
 L0od0X+J5qOACs5o1o7THA==

<SEC-DOCUMENT>0001209191-03-012488.txt : 20030718
<SEC-HEADER>0001209191-03-012488.hdr.sgml : 20030718
<ACCEPTANCE-DATETIME>20030718164629
ACCESSION NUMBER:		0001209191-03-012488
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030716
FILED AS OF DATE:		20030718

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VISTAGREEN HOLDINGS BAHAMAS LTD
		CENTRAL INDEX KEY:			0001254947
		STATE OF INCORPORATION:			C5

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12475
		FILM NUMBER:		03793333

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		412 297 4943

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TERREMARK WORLDWIDE INC
		CENTRAL INDEX KEY:			0000912890
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				521989122
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		2601 SOUTH BAYSHORE DRIVE
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33133
		BUSINESS PHONE:		2123199160

	MAIL ADDRESS:	
		STREET 1:		2601 SOUTH BAYSHORE DRIVE
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33133

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMTEC INC
		DATE OF NAME CHANGE:	19970715

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AVIC GROUP INTERNATIONAL INC/
		DATE OF NAME CHANGE:	19950323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	YAAK RIVER MINES LTD
		DATE OF NAME CHANGE:	19931001
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bpi02156_bpi2vhl.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-07-16</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000912890</issuerCik><issuerName>TERREMARK WORLDWIDE INC</issuerName>        <issuerTradingSymbol>TWW</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001254947</rptOwnerCik><rptOwnerName>VISTAGREEN HOLDINGS BAHAMAS LTD</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-07-1
6</value></transactionDate><deemedExecutionDate><value>2003-07-16</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>29909128</value></transactionShares><transactionValue><value>0</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>31613221</value><footnoteId id="F1" /><footnoteId id="F2" /></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See Footnotes 1 and 2</value></natureOfOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">Paradise Stream (Bahamas) Limited owns of record 25,000,000 shares of the issuer's common stock. Paradise Strea
m (Bahamas) Limited previously disclosed the ownership of these shares on a Form 3 filed jointly with Vistagreen Holdings (Bahamas) Ltd., Moraine Investments, Inc. and certain other parties on April 12, 2001. Vistagreen Holdings (Bahamas) Ltd. disclaims beneficial ownership of these shares, except to the extent of its pecuniary interest therein.</footnote><footnote id="F2">Moraine Investments, Inc. owns of record 6,613,221 shares of the issuer's common stock. Moraine Investments, Inc. previously disclosed the ownership of these shares on a Form 3 filed jointly with Vistagreen Holdings (Bahamas) Ltd., Paradise Stream (Bahamas) Limited and certain other parties on April 12, 2001. Vistagreen Holdings (Bahamas) Ltd. disclaims any beneficial ownership in these shares, except to the extent of its pecuniary interest therein.</footnote></footnotes><ownerSignature><signatureName>/s/ Adrian Crosbie-Jones on behalf of Vistagreen Holdings (Bahamas) Ltd.</signatureName><signatureDate>2003-07-16</signatureDate></ownerSign
ature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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