SCHEDULE 14A INFORMATION
 
          PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
                    EXCHANGE ACT OF 1934 (AMENDMENT NO.   )
 
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[ ]  Preliminary Proxy Statement                                                            
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[ ]  Definitive Proxy Statement
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[ ]  Soliciting Material Pursuant to Section 240.14a-12



                        TRIPLE-S MANAGEMENT CORPORATION
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                (Name of Registrant as Specified In Its Charter)


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      (Name of Person(s) Filing Proxy Statement, if other than Registrant)

 
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Dear Colleague:

The purpose of this communication is to request your attendance to the Meeting
of Shareholders of April 24, 2005 or, if you cannot attend, to request that you
send us a proxy relating to said Meeting (in the appropriate proxy form). You
have already received this proxy form along with other documents relating to the
Meeting. Several proposals of extreme importance will be presented at the
Meeting.

Said proposals will provide you with more control over your shares since you
will have the right to transfer them during your lifetime to your spouse and
heirs, as long as they are either physicians or dentists. In addition, in case
of death you will be able to transfer your shares to the person of your choosing
even though the persons you choose are not physicians or dentists. At the same
time, to assure that the Corporation remains under the control of physicians and
dentists, the proposals provide that only shareholders that meet either of these
two requirements have the right to vote.

In order to implement the proposals, it is necessary to amend the By-laws and
the Articles of Incorporation for which it is necessary that 75% of the issued
and outstanding shares vote in their favor. I request your attendance to the
Meeting so that this extraordinary majority can be achieved. If you cannot
attend, I would appreciate if you could complete and remit to our attention the
appropriate proxy form in order to move forward with these important Shareholder
matters. For your convenience enclosed are a proxy form and a self stamped
envelope. For any additional information you can contact Rosa M. Gonzalez,
Manager of the Office of Shareholder Relations and Services at 787-277-6621 and
1-800-350-8552.


Cordially,



Valeriano Alicea Cruz, MD