PSE Circular for Brokers No. 1986-98

August 27, 1998 PSE CIRCULAR FOR BROKERS NO. 1986-98 THE SECURITIES AND EXCHANGE COMMISSION Mandaluyong City SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND THE RSA RULE 11(a)-1(b)(3) THEREUNDER 1. August 26, 1998 Date of Report (Date of earliest event reported) 2. SEC Registration No. 1803 3. BIR TIN. 301-000406-761V 4. ABS-CBN Broadcasting Corporation Exact name of registrant as specified in its Articles of Incorporation 5. Metro Manila Place of incorporation 6. Industry Classification Code 7. 5th Floor Benpress Building, Exchange Road cor. Meralco Ave. Pasig City Address of principal office 8. 924 41 01 up to 4122/415 2272 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 Section 4 and 8 of the RSA Title of Each Class Number of shares of Common Stock Outstanding and Amount of Debt Outstanding Common Shares 779,583,312 shares Long Term Commercial Papers P1,000,000,000.00 11. Indicate Item numbers reported herein: Item 9. Other Events The Board of Directors of ABS-CBN Broadcasting Corporation today accepted the resignation of Mr. Antonio Leo T. Lagon as director. The Board of Directors elected Mr. Alberto J. Lopez as Director to serve the unexpired term of Mr. Lagon. LLpr ABS-CBN BROADCASTING CORPORATION Registrant By: (SGD.) MANUEL L. M. TORRES Corporate Secretary