Registration/Licensing of P180 Million Worth of Participating Life Plan

July 3, 2007NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENTIN THE MATTER OF PHILAM PLANS, INC., registrantREGISTRATION/LICENSING OF P180 MILLION WORTH OF PARTICIPATING LIFE PLANNOTICE AND ORDERNotice is hereby given that on July 2, 2007 sworn registration statements were filed with the Securities and Exchange Commission for and on behalf of PHILAM PLANS, INC., for initial registration/licensing of securities covering 1,028 plans worth P180 million of Participating Life Plans. These plans with maturity benefits depending on the specified annual installment amount will be sold at the following contract prices based on annual installments. Participating Life Plan Payment Minimum Annual Minimum Pre-Need Maximum Annual Maximum Pre-need Term (Year) Installment Price Installment PriceFive-pay 5,000 25,000 1,000,000 5,000,000Ten-pay 5,000 50,000 1,000,000 10,000,000Twenty-pay 5,000 100,000 1,000,000 20,000,000Note: Details by mode of payment are available in the actuarial feasibility study on file with SEC.Based on the documents filed, the following persons appear to be its officers and directors.  Name PositionMichael Khalaf ChairmanJohn I. Howell President/CEOJesus G. Hofilena DirectorReynaldo C. Centeno DirectorEdgardo A. Grau DirectorAnthony B. Sotelo DirectorVictor E. Tan Independent DirectorJose Marie A....