Application for Corporate Membership

February 18, 2000PSE MEMO FOR BROKERS NO. 055-00SUBJECT:Application for Corporate Membership   MEMBER-FIRM:Eastern Securities Development Corp. Please be informed that an application for Corporate Membership in the Exchange has been filed by EASTERN SECURITIES DEVELOPMENT CORP. through the transfer of seat registered in the name of Mr. Benito Tan Guat and the designation of MS. MARIAN P. LEONG as its corporate nominee. CdprPursuant to Art. III, Section 8 of the PSE By-Laws, the Exchange hereby notifies the membership and will now accept any comments on the above-mentioned application. cdllPlease send your comments to our Membership Department within fifteen (15) days from the date of circulation. The last day for submission of comments will be on March 3, 2000. cdlexPlease be guided accordingly. (SGD.) JOSE LUIS U. YULO, JR.President & Chief Executive Officer