BankAmerica Corp., pursuing a growing business of bring Latin American borrowers to the U.S. market, has arranged a one-year, $350 million commercial paper program for Argentina's Banco de Galicia y Buenos Aires SA.

The commercial paper program has been underwritten by BankAmerica and 29 other banks, including Chase Manhattan Corp., NationsBank Corp., and Credit Suisse First Boston.

BankAmerica, Chase, NationsBank, and Credit Suisse First Boston are also serving as co-dealers for the paper program. BankAmerica has arranged $12 billion of financings for Latin borrowers through 56 similar programs since 1992.

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