PSE Circular for Brokers No. 1525-98

July 6, 1998 PSE CIRCULAR FOR BROKERS NO. 1525-98 1. Date of Report: 1 July 1998 2. SEC Identification No.: 225 3. BIR Tax Identification No.: 321-000-477-902 4. Exact name of registrant as specified in its charter: METROPOLITAN INSURANCE CO. 5. Philippines Province, country or other jurisdiction or incorporation 6. (SEC Use Only) Industry Classification Code: 7. 3rd Floor, Athenaeum Bldg., 160 Alfaro St., Salcedo Village, Makati City, M.M. Address of Principal Office 8. 810-8151 to 54 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Title of Each Class Outstanding and Amount of Debt Outstanding Common Stock, P100 par value 502,163 11. Indicate the item numbers reported herein: Item 4 1. Changers in Control of Registrant No changes in control of registrant 2. Acquisition or Disposition of Assets No action was taken with respect to acquisition or disposition of assets 3. Changes in Registrant's Certifying Accountant No change in Registrant's certifying accountant 4. Resignation, Removal or Election of Registrant's Directors or Officers The following were re-elected during the organization meeting of 29 June 1998: Jose M. Periquet, Jr. Director/President Roberto L. Abad Director/Exec. Vice President/Secretary Isagani J. Lizarondo Director Bienvenido M. Aragon Director Constancio B. Diaz Director Florentino M. Herrera III Director Enrique Y. Teehankee Director Ma. Menchu M. Karunungan Asst. Vice President/Treasurer 5. Legal Proceedings Not applicable 6. Changes in Securities cda Not applicable 7. Defaults Upon Senior Securities Not applicable 8. Change in fiscal year There is no change in fiscal year 9. Other Events No facts or events that may materially affect investors or security holders Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized. METROPOLITAN INSURANCE COMPANY (SGD.) ROBERTO L. ABAD Corporate Secretary