CORRESP 1 filename1.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

DAVIS POLK & WARDWELL

450 LEXINGTON AVENUE
NEW YORK, N.Y. 10017
________

1300 I STREET, N.W.
WASHINGTON, D.C. 20005
________

1600 EL CAMINO REAL
MENLO PARK, CA 94025
________

99 GRESHAM STREET
LONDON EC2V 7NG

MARQUÉS DE LA ENSENADA, 2
28004 MADRID

TELEPHONE 91 702 2680
FAX 91 702 2765


15, AVENUE MATIGNON
75008 PARIS
________

MESSETURM
60308 FRANKFURT AM MAIN
________

1-6-1 ROPPONGI
MINATO-KU, TOKYO 106-6033
________

3A CHATER ROAD
HONG KONG
 
 

 

CONFIDENTIAL

January 9, 2007

Re: Repsol YPF, S.A.
Form 20-F for the fiscal year ended December 31, 2005
File No. 1-10220

Ms. Jennifer Goeken
U.S. Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, N.W.
Washington, D.C. 20549

Dear Ms. Goeken:

     I am writing on behalf of Repsol YPF, S.A. (“Repsol YPF”) in connection with the Staff’s review of Repsol YPF’s Annual Report on Form 20-F for the fiscal year ended December 31, 2005. As I said in the voicemail I left for you yesterday, Repsol YPF is reviewing internally and with its external auditors and legal advisors the Staff’s comment letter dated December 27, 2006 and currently expects to respond in writing to the Staff’s comments by January 19, 2007. I understand from the email you sent me yesterday that the timing of such response is acceptable to the Staff.





Ms. Jennifer Goeken   2   January 9, 2007

 

     Please do not hesitate to contact me (tel. no. 011-34-91-702-2741) should you have any questions regarding the foregoing.

     

   

Very truly yours,

Michael J. Willisch

 

cc: Angel Ramos — Repsol YPF