Securities and Exchange Commission Sec Form 11-C Current Report Under Section 11 of the Revised Securities Act (RSA) And Rsa Rule 11(A)-1(B)(3) Thereunder

September 28, 1999 PSE CIRCULAR FOR BROKERS NO. 2430-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. 27 September 1999 Date of Report 2. SEC Identification No. PW-102 3. BIR Tax Identification No. 350-000-101-528 4. Manila Electric Company Exact name of registrant as specified in its charter 5. Philippines Province, Country or other jurisdiction of incorporation or organization 6. (SEC use only) Industry Classification Code 7. Lopez Building, Ortigas Avenue, Pasig City Address of principle office 8. 631-5571 and 631-5572 Registrant's telephone number including area code 9. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of shares of Common Stock Outstanding and Amount of Debt Outstanding Class "A" 502,297,435 Class "B" 334,864,956 Total 837,162,391 10. Item Number reported: Item 4 Item 4. Resignation/ Election of Registrant's Director At the regular meeting of the Board of Directors of the registrant held today, Director Oscar M. Lopez resigned and Mr. Federico R. Lopez was elected Director of the Company. SIGNATURES Pursuant to the requirements f the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MANILA ELECTRIC COMPANY Registrant (SGD.) CAMILO D. QUIASON Corporate Secretary