UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                     FORM CB
                 TENDER OFFER/RIGHTS OFFERING NOTIFICATION FORM


Please place an X in the box(es) to designate the appropriate rule provision(s)
relied upon to file this Form:

 Securities Act Rule 801 (Rights Offering)                                   [X]
 Securities Act Rule 802 (Exchange Offer)                                    [X]
 Exchange Act Rule 13e-4(h)(8) (Issuer Tender Offer)                         [ ]
 Exchange Act Rule 14d-1(c) (Third Party Tender Offer)                       [ ]
 Exchange Act Rule 14e-2(d) (Subject Company Response)                       [ ]
 Filed or submitted in paper if permitted by Regulation S-T Rule 101(b)(8)   [ ]



                               DESC, S.A. DE C.V.
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                            (Name of Subject Company)

                                 NOT APPLICABLE
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      (Translation of Subject Company's Name into English (if applicable))

                                     MEXICO
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        (Jurisdiction of Subject Company's Incorporation or Organization)

                               DESC, S.A. DE C.V.
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                       (Name of Person(s) Furnishing Form)

                SERIES C SHARES, WITHOUT EXPRESSION OF PAR VALUE
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                     (Title of Class of Subject Securities)

                                    250309101
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              (CUSIP Number of Class of Securities (if applicable))

                                  RAMON ESTRADA
                          PASEO DE LOS TAMARINDOS 400-B
                    BOSQUES DE LAS LOMAS, 05120 MEXICO, D.F.
                               011-52-555-261-8000
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                (Name, Address (including zip code) and Telephone
                    Number (including area code) of Person(s)
                Authorized to Receive Notices and Communications
                          on Behalf of Subject Company)
                                   Copies to:


                                  March 8, 2004
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                  (Date Tender Offer/Rights Offering Commenced)



PART I -  INFORMATION SENT TO SECURITY HOLDERS

ITEM 1.   HOME JURISDICTION DOCUMENTS

          (a)  Not applicable.

          (b)  Not applicable.

ITEM 2.   INFORMATIONAL LEGENDS

          This rights offering is made for the securities of a foreign  company.
          The  offer is  subject  to the  disclosure  requirements  of a foreign
          country that are different from those of the United States.  Financial
          statements  included in the  document,  if any,  have been prepared in
          accordance  with  foreign   accounting   standards  that  may  not  be
          comparable to the financial statements of United States companies.

          It may be  difficult to enforce your rights and any claim you may have
          arising under the federal securities laws, since the issuer is located
          in a foreign  country,  and some or all of its officers and  directors
          may be residents of a foreign country.  You may not be able to sue the
          foreign  company or its officers or  directors in a foreign  court for
          violations  of the U.S.  securities  laws.  It might be  difficult  to
          compel a foreign company and its affiliates to subject themselves to a
          U.S. court's judgment.

PART II - INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS

          (1)  The following documents are furnished as exhibits to this Form:

Exhibit No.                    Description
-----------                    -----------

II(1)-1.1                      English translation of press release, dated
                               February 17, 2004, issued by Desc, S.A. de C.V.
                               announcing meetings regarding an increase in
                               capital and capital restructuring (incorporated
                               herein by reference to the Form 6-K filed by the
                               Company on February 19, 2004).

II(1)-1.2                      English translation of Notice, dated February 19,
                               2004, issued by Desc, S.A. de C.V. announcing
                               Special Shareholders Meeting (incorporated herein
                               by reference to the Form 6-K filed by the Company
                               on February 19, 2004).

II(1)-1.3                      English translation of Notice, dated February 19,
                               2004, issued by Desc, S.A. de C.V. announcing
                               General Ordinary And Extraordinary Shareholders
                               Meeting (incorporated herein by reference to the
                               Form 6-K filed by the Company on February 19,
                               2004).

II(1)-1.4                     English translation of press release, dated March
                              8, 2004, issued by Desc, S.A. de C.V. announcing
                              Resolutions Adopted at Registrant's Shareholders
                              Meetings (incorporated herein by reference to the
                              Form 6-K filed by the Company on March 8, 2004).

          (2)  Not applicable.

          (3)  Not applicable.


                                       2

PART III - CONSENT TO SERVICE OF PROCESS

           Desc, S.A. de C.V. is filing with the Commission a written
irrevocable consent and power of attorney on Form F-X concurrently with the
furnishing of this Form.







                                       3

PART IV - SIGNATURES



           After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                               /s/ Arturo D'Acosta Ruiz
                                             -----------------------------------
                                                   (Signature)


                                                  ARTURO D'ACOSTA RUIZ
                                                 CHIEF FINANCIAL OFFICER
                                             -----------------------------------
                                                 (Name and Title)


                                                  March 8, 2004
                                             -----------------------------------
                                                      (Date)