Panamsat International Systems Inc Watch

from SC 13D/A ~20 pages Underwriting agreement

from SC 13D 1 page Exhibit 1 Joint Filing Agreement the Undersigned Hereby Agree to Jointly File a Statement on Schedule 13d, Together With Any Amendments Thereto, With the Securities and Exchange Commission Pursuant to the Requirements of Rule 13d-1(f) Under the Securities Exchange Act of 1934, as Amended. This Joint Filing Agreement and Power of Attorney May Be Signed in Counterpart Copies. (Signature Page Follows) Date: May 27, 1997 By: Satellite Company, LLC By: Fonovisa Centroamerica, S.A. Title: Manager By: /S/ Jorge Suarez Barbosa Name: Jorge Suarez Barbosa Title: Attorney-In-Fact Date: May 27, 1997 By: Grupo Televisa, S.A. By: /S/ Emilio Romano Name: Emilio Romano Title: Authorized Signatory

from SC 13D 1 page <page> Exhibit 1 Joint Filing Agreement the Undersigned Hereby Agree to Jointly File a Statement on Schedule 13d, Together With Any Amendments Thereto (Collectively, the "Schedule 13ds"), With the Securities and Exchange Commission Pursuant to the Requirements of Rule 13d- 1(f) Under the Securities Exchange Act of 1934, as Amended. This Joint Filing Agreement May Be Signed in Counterpart Copies. (Signature Page Follows) <page> Date: May 27, 1997 General Motors Corporation -- By: /S/ Thomas A. Gottschalk Name: Thomas A. Gottschalk Title: Senior Vice President and General Counsel Date: May 27, 1997 Hughes Communications, Inc. -- By: /S/ Jerald F. Farrell Name: Jerald F. Farrell Title: President