Application for Individual Membership

February 2, 2000PSE MEMO FOR BROKERS NO. 038-00SUBJECT:Application for Individual Membership   MEMBER:Mr. Carlos Ching Please be informed that an application for Individual Membership in the Exchange has been filed by MR. CARLOS CHING through the sale of seat registered in the name of L.M. Garcia Securities, Inc.Pursuant to Art. III, Section 8 of the PSE By-Laws, the Exchange hereby notifies the membership and will not accept any comments on the above-mentioned application. cdtaiPlease 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 February 16, 2000. LibLexPlease be guided accordingly. (SGD.) JOSE LUIS U. YULO, JR.President & Chief Executive Officer