Please be notified that the Board of Directors will meet on 9  November 2001 at 2:00 p.m. at the 3rd Floor, Para?aque A Room, of  Shangri-La Hotel,  Ayala Avenue, Makati City,  to consider the following agenda:

1)	Approval of the minutes of the previous meeting;

2)	Operations Report;

3)	Financial Report;

4)	Approval of the 2002  Annual Budget, the 2002 Operating Plan, and the 5-year Plan;

5)	Commercial Issues Update; 

6)	Appointment of a new director; and

7)	Other matters.

Thank you.


Angel M. Esguerra, III
Secretary