A proposed Spanish-speaking pilot broadcasting program in the Los Angeles area is described in this prospectus. The purpose of Americas Unidas, a proposed non-profit California corporation, will be to do research and development, production, distribution, and broadcasting of educational films and other audiovisual materials for the Spanish-speaking community. The prospectus includes general information on Americas Unidas' intentions towards the acquisition of an educational cable television channel. The primary purpose of this document is to state the basic concept of the organization for the benefit of potential financial underwriters. (MC)