SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                                 (RULE 13D-101)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
                                  RULE 13D-2(A)

                               (AMENDMENT NO. 3)1


                                PRICESMART, INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                    COMMON STOCK, PAR VALUE $.0001 PER SHARE
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    741511109
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                 JAMES F. CAHILL
                          PRICE FAMILY CHARITABLE FUND
                         7979 IVANHOE AVENUE, SUITE 520
                              LA JOLLA, CALIFORNIA
                                 (858) 551-2303
--------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)


                                  July 9, 2003
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of This Statement)


         If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: / /.

                       (Continued on the following pages)

                                Page 1 of 8 Pages

1  The remainder of this cover page shall be filled out for a reporting person's
   initial filing on this form with respect to the subject class of securities,
   and for any subsequent amendment containing information which would alter
   disclosures provided in a prior cover page.



                                  SCHEDULE 13D
------------------------                                 ----------------------
 CUSIP No. 741511109                                            PAGE 2 OF 8
------------------------                                 ----------------------

-------- -----------------------------------------------------------------------
1
         NAME OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         PRICE FAMILY CHARITABLE FUND
         95-3842468
-------- -----------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (a) / /
                                                                     (b) /X/
-------- -----------------------------------------------------------------------
3
         SEC USE ONLY
-------- -----------------------------------------------------------------------
4
         SOURCE OF FUNDS*

         OO, WC
-------- ----------------------------------------------------------------------
5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEM 2(d) or 2(e)                                   / /
-------- ----------------------------------------------------------------------
6        CITIZENSHIP OR PLACE OF ORGANIZATION

         CALIFORNIA
-------------------------------------------------------------------------------
                  7      SOLE VOTING POWER
NUMBER OF
SHARES                   1,179,048 SHARES
BENEFICIALLY      ------ ------------------------------------------------------
OWNED BY EACH     8      SHARED VOTING POWER
REPORTING
PERSON WITH       ------ ------------------------------------------------------
                  9      SOLE DISPOSITIVE POWER

                         1,179,048 SHARES
                  ------ ------------------------------------------------------
                  10     SHARED DISPOSITIVE POWER

-------- ----------------------------------------------------------------------
11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,179,048 SHARES
-------- ----------------------------------------------------------------------
12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                                 /X/
-------- ----------------------------------------------------------------------
13
         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         17.1%(1)
-------- ----------------------------------------------------------------------
14
         TYPE OF REPORTING PERSON*

         OO - PRIVATE FOUNDATION
-------- ----------------------------------------------------------------------
(1)     Based on 6,871,913 shares of PriceSmart Common Stock outstanding as of
        June 30, 2003, as reported in PriceSmart's quarterly report on Form 10-Q
        for the quarter ended May 31, 2003, and includes 1,650 shares of Series
        A Preferred Stock currently convertible into 43,998 shares of PriceSmart
        Common Stock.

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



                                                                     PAGE 3 OF 8

         This Amendment No. 3 to Schedule 13D relating to PriceSmart, Inc., a
Delaware corporation ("PriceSmart"), is being filed on behalf of the undersigned
to amend the Schedule 13D filed with the Securities and Exchange Commission on
September 8, 1997.

ITEM 1.  SECURITY AND ISSUER.

         This statement relates to the shares of PriceSmart's common stock, par
value $0.0001 per share ("PriceSmart Common Stock"). The principal executive
offices of PriceSmart are located at 4649 Morena Boulevard, San Diego,
California 92117.

ITEM 2.  IDENTITY AND BACKGROUND.

         (a),(f) This statement on Schedule 13D is filed by The Price Family
                 Charitable Fund, a private foundation organized under the laws
                 of the State of California ("PFCF").

                 The directors and executive officers of PFCF (collectively, the
                 "PFCF Directors and Officers"), each of whom is a citizen of
                 the United States, are as follows:

                        Sol Price             Director and Chairman of the Board
                        Robert E. Price       Director and President
                        James F. Cahill       Director and Vice President
                        Jack McGrory          Director
                        Allison Price         Director
                        Helen Price           Director
                        Murray Galinson       Director
                        William Gorham        Director
                        Joseph R. Satz        Secretary
                        Kathy Hillan          Treasurer

                 Each of the PFCF Directors and Officers disclaims membership in
                 a group with PFCF, and PFCF disclaims membership in a group
                 with any of the PFCF Directors and Officers.

         (b)     The principal executive office of PFCF and the principal
                 business address of each of the PFCF Directors and Officers is
                 7979 Ivanhoe Avenue, Suite 520, La Jolla, California 92037.

         (c)     The principal business of PFCF is to function as a private
                 foundation. The principal occupation of Mr. S. Price is
                 self-employed investor and manager of The Price Group LLC (the
                 "Price Group"). The current occupation of Mr. R. Price is
                 acting Chief Executive Officer of PriceSmart. The principal
                 occupation of each of Mr. Cahill, Mr. McGrory, Mr. Galinson,
                 Mr. Satz and Ms. Hillan is manager of the Price Group.
                 Mr. Gorham is self-employed. Ms. A. Price and Ms. H. Price are
                 not presently employed.

         (d)-(e) During the last five years, neither PFCF nor any of the PFCF
                 Directors and Officers has been convicted in a criminal
                 proceeding (excluding traffic violations or similar
                 misdemeanors) or been a party to a civil proceeding of a
                 judicial or administrative body of competent jurisdiction as a
                 result of which any such person was or is subject to a
                 judgment, decree or final order enjoining future violations of,
                 or prohibiting or mandating activities subject to, federal or
                 state securities laws or finding any violation of such laws.

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

(1) Pursuant to a Distribution Agreement dated as of August 26, 1997 between
Price Enterprises, Inc., a Delaware corporation ("PEI"), and PriceSmart, all of
the issued and outstanding shares of PriceSmart Common Stock were distributed
(the "Distribution") on August 29, 1997 to the holders of PEI's common stock,
par value $.0001 per share ("PEI Common Stock"). Pursuant to the Distribution,
each PEI stockholder received one share of PriceSmart Common Stock for every
four shares of PEI Common Stock held by such person on August 15, 1997.



                                                                     PAGE 4 OF 8

No consideration was paid by PFCF in connection with its acquisition pursuant to
the Distribution of 625,125 shares of PriceSmart Common Stock.

(2) On December 22, 1997, PFCF received 30,520 shares of PriceSmart Common Stock
as a contribution.

(3) On August 8, 2000, PFCF received 8,737 shares of PriceSmart Common Stock as
a contribution.

(4) On January 23, 2002, PFCF acquired for cash 550 shares of PriceSmart's 8%
Series A Cumulative Convertible Redeemable Preferred Stock, par value $.0001 per
share (the "Series A Preferred Stock"), from PriceSmart in a private transaction
for $1,000 per share. The Series A Preferred Stock is convertible at the option
of the holder at any time, or automatically on January 17, 2012, into shares of
PriceSmart Common Stock at a conversion price of $37.50 per share, subject to
customary anti-dilution adjustments; accrues a cumulative preferential dividend
at an annual rate of 8%, payable quarterly in cash; and may be redeemed by
PriceSmart at any time on or after January 17, 2007. PriceSmart is required to
register with the Securities and Exchange Commission the shares of PriceSmart
Common Stock issuable upon conversion of the Series A Preferred Stock.

(5) On November 21, 2002 PFCF received a charitable contribution of 250,000
shares of PriceSmart Common Stock.

(6) On July 9, 2003, the PFCF acquired for cash 5,000 shares of PriceSmart's 8%
Series B Cumulative Convertible Redeemable Preferred Stock, par value $.0001 per
share (the "Series B Preferred Stock"), from PriceSmart in a private transaction
for $1,000 per share. The Series B Preferred Stock is convertible at the option
of the holder at any time, or automatically on July 9, 2013, into shares of
PriceSmart Common Stock at a conversion price of $20.00 per share, subject to
customary anti-dilution adjustments; accrues a cumulative preferential dividend
at an annual rate of 8% payable quarterly in cash; and may be redeemed by
PriceSmart at any time on or after July 9, 2008. PriceSmart is required to
register with the Securities and Exchange Commission the shares of PriceSmart
Common Stock issuable upon conversion of the Series B Preferred Stock.

         All cash used to acquire securities pursuant to the transactions
described above in this Item 3 were funded from cash held by PFCF, including
internally generated funds of and/or contributions made to PFCF.

ITEM 4.  PURPOSE OF TRANSACTION.

         The information set forth above in Item 3 is incorporated herein by
reference. All shares of PriceSmart Common Stock, Series A Preferred Stock, and
Series B Preferred Stock beneficially owned by PFCF are held for investment
purposes only.

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

         (a)-(b) PFCF beneficially owns 1,179,048 shares of PriceSmart Common
                 Stock, consisting of 914,382 shares of PriceSmart Common Stock,
                 550 shares of Series A Preferred Stock currently convertible
                 into 14,666 shares of PriceSmart Common Stock and 5,000 shares
                 of Series B Preferred Stock currently convertible into 250,000
                 shares of PriceSmart Common Stock. The shares of PriceSmart
                 Common Stock beneficially owned by PFCF represent approximately
                 17.1% of the issued and outstanding shares of PriceSmart Common
                 Stock, based on 6,871,913 shares of PriceSmart Common Stock
                 outstanding as of May 31, 2003, as reported in PriceSmart's
                 Quarterly Report on Form 10-Q for the quarter ended May 31,
                 2003. Of these shares, PFCF has sole voting and dispositive
                 shares over all 1,179,048 shares and shared voting and
                 dispositive power over none.

                 PFCF Directors and Officers may be deemed to beneficially own,
                 in the aggregate 3,577,713 shares of PriceSmart Common Stock
                 (including 9,000 shares underlying stock options exercisable
                 within 60 days of the date of this filing, 1,650 shares of
                 Series A Preferred Stock currently convertible into 43,998
                 shares of PriceSmart Common Stock and 22,000 shares of Series B
                 Preferred Stock currently convertible into 1,100,000 shares of
                 PriceSmart Common Stock), representing approximately 52.1% of
                 the issued and outstanding PriceSmart Common Stock.1 The
                 beneficial ownership of shares by each of the PFCF Directors
                 and Officers is as follows2:

                       Mr. S. Price may be deemed to beneficially own 2,631,597
                       shares of PriceSmart Common Stock (including 1,650 shares
                       of Series A Preferred Stock currently convertible into
                       43,998 shares of PriceSmart Common Stock and 17,000
                       shares of Series B Preferred Stock currently convertible
                       into 850,000 shares of PriceSmart Common Stock),
                       representing approximately 38.3% of the issued and
                       outstanding PriceSmart Common Stock, 403,260 shares over
                       which he has sole voting and dispositive power and
                       2,228,337 shares over which he has shared voting and
                       dispositive power. Ms. H. Price is the wife of Mr. S.
                       Price. To the extent that she may be deemed to
                       beneficially own any shares, those shares are included in
                       the shares reported as may be deemed to be beneficially
                       owned by Mr. S. Price.

                       Mr. R. Price may be deemed to beneficially own 3,107,210
                       shares of PriceSmart Common Stock (including 1,100 shares
                       of Series A Preferred Stock currently convertible into
                       29,332 shares of PriceSmart Common Stock and 15,000
                       shares of Series B Preferred Stock currently convertible
                       into 750,000 shares of PriceSmart Common Stock),
                       representing approximately 45.2% of the issued and
                       outstanding PriceSmart Common Stock, 212 shares over
                       which he has sole voting and dispositive power and
                       3,106,998 shares over which he has shared voting and
                       dispositive power. Ms. A. Price is the wife of Mr. R.
                       Price. To the extent that she may be deemed to
                       beneficially own any shares, those shares are included in
                       the shares reported as may be deemed to be beneficially
                       owned by Mr. R. Price.



                                                                     PAGE 5 OF 8

                       Mr. Cahill may be deemed to beneficially own 2,285,330
                       shares of PriceSmart Common Stock (including 3,750
                       shares underlying stock options exercisable within 60
                       days of the date of this filing and 1,100 shares of
                       Series A Preferred Stock currently convertible into
                       29,332 shares of PriceSmart Common Stock and 10,000
                       shares of Series B Preferred Stock currently convertible
                       into 500,000 shares of PriceSmart Common Stock),
                       representing approximately 33.3% of the issued and
                       outstanding PriceSmart Common Stock, 7,625 shares over
                       which he has sole voting and dispositive power and
                       2,277,705 shares over which he has shared voting and
                       dispositive power.

                       Mr. McGrory may be deemed to beneficially own 2,231,337
                       shares of PriceSmart Common Stock (including 3,000
                       shares underlying stock options exercisable within 60
                       days of the date of this filing and 1,100 shares of
                       Series A Preferred Stock currently convertible into
                       29,332 shares of PriceSmart Common Stock and 10,000
                       shares of Series B Preferred Stock currently convertible
                       into 500,000 shares of PriceSmart Common Stock),
                       representing approximately 32.5% of the issued and
                       outstanding PriceSmart Common Stock, 3,000 shares over
                       which he has sole voting and dispositive power and
                       2,228,337 shares over which he has shared voting and
                       dispositive power.

                       Mr. Galinson may be deemed to beneficially own 2,235,587
                       shares of PriceSmart Common Stock (including 2,250
                       shares underlying stock options exercisable within 60
                       days of the date of this filing and 1,100 shares of
                       Series A Preferred Stock currently convertible into
                       29,332 shares of PriceSmart Common Stock and 10,000
                       shares of Series B Preferred Stock currently convertible
                       into 500,000 shares of PriceSmart Common Stock),
                       representing approximately 32.5% of the issued and
                       outstanding PriceSmart Common Stock, over which he has
                       sole voting and dispositive power with respect to 2,250
                       shares and over which he has shared voting and
                       dispositive power with respect to 2,233,337 shares.

                       Mr. Gorham may be deemed to beneficially own 1,812,760
                       shares of PriceSmart Common Stock (including 1,100
                       shares of Series A Preferred Stock currently convertible
                       into 29,332 shares of PriceSmart Common Stock and 10,000
                       shares of Series B Preferred Stock currently convertible
                       into 500,000 shares of PriceSmart Common Stock),
                       representing approximately 26.4% of the issued and
                       outstanding PriceSmart Common Stock, over which he has
                       sole voting and dispositive power with respect to zero
                       shares and over which he has shared voting and
                       dispositive power with respect to 1,812,760 shares.

                       Mr. Satz may be deemed to beneficially own 2,228,337
                       shares of PriceSmart Common Stock (including 1,100
                       shares of Series A Preferred Stock currently convertible
                       into 29,332 shares of PriceSmart Common Stock and 10,000
                       shares of Series B Preferred Stock currently convertible
                       into 500,000 shares of PriceSmart Common Stock),
                       representing approximately 32.4% of the issued and
                       outstanding PriceSmart Common Stock, over which he has
                       sole voting and dispositive power with respect to zero
                       shares and over which he has shared voting and
                       dispositive power with respect to 2,228,337 shares.

                       Ms. Hillan may be deemed to beneficially own 2,228,337
                       shares of PriceSmart Common Stock (including 1,100
                       shares of Series A Preferred Stock currently convertible
                       into 29,332 shares of PriceSmart Common Stock and 10,000
                       shares of Series B Preferred Stock currently convertible
                       into 500,000 shares of PriceSmart Common Stock),
                       representing approximately 32.4% of the issued and
                       outstanding PriceSmart Common Stock, over which she has
                       sole voting and dispositive power with respect to zero
                       shares and over which she has shared voting and
                       dispositive power with respect to 2,228,337 shares.

                 The information set forth above in Item 2 is incorporated
                 herein by reference. Except as set forth below, to the extent
                 that any of the PFCF Directors and Officers shares the power to
                 vote or dispose of any of the shares disclosed above, such
                 power is shared only with one or more of the PFCF Directors and
                 Officers. The exceptions are as follows:

                       Mr. R. Price shares voting and dispositive power over
                       7,522 shares of PriceSmart Common Stock with Rebecca
                       Price. Ms. R. Price is self-employed.

                       Mr. Cahill shares voting and dispositive power over 5,210
                       shares of PriceSmart Common Stock with Ben Price, 3,910
                       shares of PriceSmart Common Stock with Jonas Price and



                                                                     PAGE 6 OF 8

                       40,248 shares of PriceSmart Common Stock with Elliot
                       Feurstein and Ed Spring. Mr. B. Price and Mr. J. Price
                       are each self-employed. Mr. Feurstein is a property
                       manager. Mr. Spring is an attorney.

                       Mr. Galinson shares voting and dispositive power over
                       5,000 shares of PriceSmart Common Stock with his wife,
                       Elaine Galinson. Ms. Galinson is not presently employed.

                       The principal business address of each of Ms. R. Price,
                       Mr. B. Price, Mr. J. Price and Ms. Galinson is 7979
                       Ivanhoe Avenue, Suite 520, La Jolla, California 92037.
                       The principal business address of Mr. Feurstein is 8294
                       Mira Mesa Boulevard, San Diego, California 92126. The
                       principal business address of Mr. Spring is 10900 N.E.
                       4th Street, Suite 850, Bellevue, Washington 98004.

                       None of Ms. R. Price, Mr. B. Price, Mr. J. Price, Ms.
                       Galinson, Mr. Feurstein and Mr. Spring have been
                       convicted in a criminal proceeding (excluding traffic
                       violations or similar misdemeanors) or been a party to a
                       civil proceeding of a judicial or administrative body of
                       competent jurisdiction as a result of which any such
                       person was or is subject to a judgment, decree or final
                       order enjoining future violations of, or prohibiting or
                       mandating activities subject to, federal or state
                       securities laws or finding any violation of such laws.

                       Each of Ms. R. Price, Mr. B. Price, Mr. J. Price, Ms.
                       Galinson, Mr. Feurstein and Mr. Spring is a citizen of
                       the United States.

         (c)     The information set forth above in Item 3 is incorporated
                 herein by reference. The information set forth in Item 3 of
                 Amendment No. 3 to Schedule 13D, filed on or around July 18,
                 2003, by Mr. R. Price with the Securities and Exchane
                 Commission, and the information set forth in Item 3 of
                 Amendment No. 6 to Schedule 13D, filed on or around July 18,
                 2003, by Mr. Price with the Securities and Exchange Commission,
                 are incorporated herein by reference.

         (d)     Not applicable.

         (e)     Not applicable.

     -----------

         1 These 3,577,713 shares include the 1,179,048 shares beneficially
owned by PFCF. Shares that may be deemed to be beneficially owned by more than
one of the PFCF Directors and Officers were not double-counted in arriving at
the 3,577,713 figure.

         2 Shares disclosed for each of the PFCF Directors and Officers
include shares that may be deemed to be beneficially owned by more than one
person. Specifically, the shares disclosed for each of Mr. S. Price, Mr. R.
Price, Mr. Cahill, Mr. McGrory, Mr. Galinson, Mr. Satz and Ms. Hillan all
include the 1,179,048 shares held by PFCF, 415,577 shares held by the Price
Group, an entity for which each of them serves as a manager and 633,712 shares
held by San Diego Revitalization Corporation and entity for which each of them
serves as a director.

         Disclosure of shares with respect to any of the PFCF Directors and
Officers should not be construed as any admission of beneficial ownership of
such shares.

ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
         TO SECURITIES OF THE ISSUER.

         Grupo Gigante, S.A. de C.V., a corporation organized under the laws of
the United Mexican States ("Gigante"), entered into a Right of First Refusal
Agreement dated as of January 15, 2002 (the "Right of First Refusal Agreement")
with Robert E. Price, Sol Price, PFCF, the Price Group, the Robert and Allison
Price Trust, the Robert & Allison Price Charitable Remainder Trust, the Price
Family Charitable Trust and the Sol and Helen Price Trust (each a "Price
Entity," and collectively, the "Price Entities"), pursuant to which, in the
event the Price Entities desire to sell, give or otherwise transfer shares of
PriceSmart Common Stock (the "Stock") owned by the Price Entities to any party
other than to (i) another Price Entity, (ii) Gigante or (iii) in the case of a
Price Entity that is a trust, the beneficiary of the trust upon an event causing
a distribution of trust assets under the trust's governing documents, the Price
Entities are obligated to offer to sell the Stock to Gigante on the same terms,
except that the Price Entities are permitted to sell, give or otherwise transfer
an aggregate of 50,000 shares of the Stock without regard to the transfer
restrictions in the Right of First Refusal Agreement. For purposes of the Right
of First Refusal



                                                                     PAGE 7 OF 8

Agreement, any merger, recapitalization, sale, transfer or other business
combination or disposition involving 50% or more of PriceSmart's assets will
constitute a transfer requiring the Price Entities to first offer the Stock to
Gigante. This right of first refusal, unless sooner terminated in accordance
with the terms of the Right of First Refusal Agreement, will remain in effect
until January 22, 2003. Under the Right of First Refusal Agreement, the Price
Entities also have agreed to vote the Stock in favor of the election of
Gigante's designee to the PriceSmart board of directors until January 22, 2004
or until PriceSmart is no longer required to nominate such designee pursuant to
the Series A Preferred Stock and Warrant Purchase Agreement entered into on
January 15, 2002 between PriceSmart and Gigante, whichever occurs first.

ITEM 7.  EXHIBITS.

                Exhibit 1*   Right of First Refusal Agreement by and among Grupo
                             Gigante, S.A. de C.V. and Robert E. Price, Sol
                             Price, The Price Family Charitable Fund, The Price
                             Group LLC, the Robert and Allison Price Trust, the
                             Robert & Allison Price Charitable Remainder Trust,
                             the Price Family Charitable Trust and the Sol and
                             Helen Price Trust dated as of January 15, 2002.

                Exhibit 2*   Series A Preferred Stock Purchase Agreement dated
                             as of January 18, 2002 between PriceSmart and the
                             Investors Listed on Exhibit A Thereto.

                Exhibit 3**  Amended and Restated Certificate of Incorporation
                             of PriceSmart, Inc.

                Exhibit 4*   Certificate of Designations, Preferences and
                             Relative, Participating, Optional and Other Special
                             Rights of 8% Series A Cumulative Convertible
                             Redeemable Preferred Stock and Qualifications,
                             Limitations and Restrictions Thereof dated January
                             15, 2002.

              Exhibit 5      Series B Preferred Stock Purchase Agreement dated
                             July 9, 2003 between PriceSmart and the Investors
                             listed on Exhibit A thereto.

              Exhibit 6      Certificate of Designations, Preferences, and
                             Relative, Participating, Optional and Other Special
                             Rights of 8% Series B Cumulative Convertible
                             Redeemable Preferred Stock and Qualifications,
                             Limitations and Restrictions thereof dated
                             July 9, 2003.

              -----------

                *        Incorporated by reference to PriceSmart's Current
                         Report on Form 8-K filed with the Securities and
                         Exchange Commission on January 24, 2002.

                **       Incorporated by reference to PriceSmart's Annual Report
                         on Form 10-K for the year ended August 31, 1997 filed
                         with the Securities and Exchange Commission on November
                         26, 1997.



                                                                     PAGE 8 OF 8

                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.


Dated:  July 18, 2003
                                                PRICE FAMILY CHARITABLE FUND

                                                /s/ James F. Cahill
                                                --------------------------------
                                                By:    James F. Cahill
                                                Title:   Vice President







                                  EXHIBIT INDEX

Exhibit 1*      Right of First Refusal Agreement by and among Grupo Gigante,
                S.A. de C.V. and Robert E. Price, Sol Price, The Price Family
                Charitable Fund, The Price Group LLC, the Robert and Allison
                Price Trust, the Robert & Allison Price Charitable Remainder
                Trust, the Price Family Charitable Trust and the Sol and Helen
                Price Trust dated as of January 15, 2002.

Exhibit 2*      Series A Preferred Stock Purchase Agreement dated as of
                January 18, 2002 between PriceSmart and the Investors Listed on
                Exhibit A Thereto.

Exhibit 3**     Amended and Restated Certificate of Incorporation of PriceSmart,
                Inc.

Exhibit 4*      Certificate of Designations, Preferences and Relative,
                Participating, Optional and Other Special Rights of 8% Series A
                Cumulative Convertible Redeemable Preferred Stock and
                Qualifications, Limitations and Restrictions Thereof dated
                January 15, 2002.

Exhibit 5       Series B Preferred Stock Purchase Agreement dated July 9, 2003
                between PriceSmart and the Investors listed on Exhibit A
                thereto.

Exhibit 6       Certificate of Designations, Preferences, and Relative,
                Participating, Optional and Other Special Rights of 8% Series B
                Cumulative Convertible Redeemable Preferred Stock and
                Qualifications, Limitations and Restrictions thereof dated
                July 9, 2003.

     -----------

     *        Incorporated by reference to PriceSmart's Current Report on Form
              8-K filed with the Securities and Exchange Commission on January
              24, 2002.

     **       Incorporated by reference to PriceSmart's Annual Report on Form
              10-K for the year ended August 31, 1997 filed with the Securities
              and Exchange Commission on November 26, 1997.