Exhibit 15.14


                                                          [Andersen LOGO]

Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549


Commissioners:


We are aware that our report dated October 20, 2000 (dual dated January 11,
2001) on our review of interim financial information of Companhia Siderurgica
Nacional, translated into US dollars, as of September 30, 2000, and for the
nine-month period then ended, prepared in conformity with generally accepted
principles in the United States, is included in the Registration Statement on
Form F-4 filed by Vale Overseas Limited and Companhia Vale do Rio Doce.


Yours very truly,


/s/ Arthur Andersen S/C



Rio de Janeiro, Brazil
March 21, 2002