n\a

March 21, 2000PSE CIRCULAR FOR BROKERS NO. 729-00March 20, 2000PHILIPPINE STOCK EXCHANGEPSE Center Exchange Road Ortigas Center Pasig CityAttention: Ms. Maria Isabel T. GarciaHead Listings GroupCompliance MonitoringGentlemen :Pursuant to our disclosure dated 15 March 2000, we would like to correct the name of one of the newly elected directors of the Board from Gaston C. Ortigas to Gaston D. Ortigas. Jr. For your information.PDCP DEVELOPMENT BANK, INC.By:(SGD.) ELMER D. NITURAFirst Vice President andCorporate Information Officer