At first glance, Maluco, la novela de los descubridores, by the Uruguayan novelist Napole?n Bacino Ponce de Le?n (Montevideo 1947) is about Hernando de Magalhaes' first expedition around the world, as described by the fleet's jester who, in a letter addressed to an aged Charles I of Spain, in his declining years, asking that the king intercede with your son, our beloved Phillip, and ask that he reinstate the pension that I lost because I sought the truth in villages and public squares. Of course his claim implies acknowledgement of himself as one of the nineteen survivors, thus documenting the truth of his deeds and, to some extent, of the whole endeavour. The symbolic wealth of Maluco becomes apparent as the possibility of a circular ending is suggested, interwoven with profound doubts. Did this journey really take place? One hypothesis suggests that it was an inner journey. Can any journey be riskier or more important than an inner one? These doubts assail the king himself, now on his deathbed, and he consults his chronicler, Juan Gin?s Sepulveda. The king's queries are not explicit in the novel, but are reflected in the careful answers of the chronicler, and the inclusion of this response as an Appendix reinforces its reflective, mirror-image quality. Prof. Malva E. Filer's introduction discusses the novel's relationship to theories of the New Historical Novel, as developed by Seymour Menton and other critics, and also points out Napole?n Bacino's ability to transcend the historical framework and the political and social conflicts involved in the narration, as well as the associations that may be established with the time context when it was written, or with interpretations that depend on literary criticism theoretical models. In her notes and introduction to the present edition, Prof. Malva E. Filer highlights Maluco's long lasting value, precisely because it opens the possibility of multiple readings while dramatizing the dreams and ambitions that alwayl#E