Abstract. Let H be the Hilbert class field of a CM number field K with maximal totally real subfield F of degree n over ℚ. We evaluate the second term in the Taylor expansion at s = 0 of the Galoisequivariant L-function ΘS∞(s) associated to the unramified abelian characters of Gal(H/K). This is an identity in the group ring C[Gal(H/K)] expressing Θ (n)S∞ (0) as essentially a linear combination of logarithms of special values ﹛Ψ (zσ)﹜, where Ψ: ℍn →ℝ is a Hilbert modular function for a congruence subgroup of SL2 (OF) and ﹛zσ : σ ∈ Gal(H/K)﹜ are CM points on a universal Hilbert modular variety. We apply this result to express the relative class number hH/hK as a rational multiple of the determinant of an (hK − 1) × (hK − 1) matrix of logarithms of ratios of special values Ψ (zσ), thus giving rise to candidates for higher analogs of elliptic units. Finally, we obtain a product formula for Ψ (zσ) in terms of exponentials of special values of L-functions.