March 15, 2000
PSE MEMO FOR BROKERS NO. 081-00
| SUBJECT | : | Appointment of Acting Corporate Nominee |
| MEMBER-FIRM | : | Phil-Progress Securities Corporation |
Please be informed that PHIL-PROGRESS SECURITIES CORPORATION has appointed ATTY. FRANCISCA S. MARTIN as Acting Corporate Nominee to replace Atty. Jose G. Cervantes who has tendered his resignation effective March 6, 2000. cdrep
(SGD.) JOSE LUIS U. YULO JR.
President & Chief Executive Officer
