March 20, 2000

PSE CIRCULAR FOR BROKERS NO. 702-00

March 17, 2000

PHILIPPINE STOCK EXCHANGE, INC.
PSE Centre, Exchange Road
Ortigas Center, Pasig City

Attention: Ms. Maria Isabel T. Garcia
Head, Listing Department

Gentlemen :

Please be informed that the Board of Directors of Filinvest Land, Incorporated (the "Corporation") has set March 31, 2000 as the record date of its Annual Meeting of Stockholders which, under the by-laws, is set on the second Friday of May or on May 12, 2000.

Very truly yours,

(SGD.) ATTY. DANTE T. RAMOS
Corporate Secretary