Securities and Exchange Commission Sec Form 11-C Current Report Under Section 11 of The Revised Securities Act (RSA) and RSA Rule 11(a)-l(b)(3) Thereunder

October 4, 1999 PSE CIRCULAR FOR BROKERS NO. 2487-99 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. October 1,1999 Date of Report 2. SEC Identification No. 21817 3. BIR Tax Identification No. 321-000-530-631 4. PHILIPPINE TELEGRAPH & TELEPHONE CORPORATION 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. 106 Spirits of Communication Center, cdasia Carlos Palanca St., Legaspi Village, Makati City Address of principle office 8. (632) 818-05-11 Registrant's telephone number including area code 9. Not Applicable Former name, former address and former fiscal year, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the Revised Securities Act Title of Each Class Number of Shares of Stock Outstanding Common Stock P1.00 par value Outstanding 799,998,728 Total Debt as of June 30, 1999 P 6,358,169,000 (Interim-Unaudited) Current Reports Item 9 Other Events The Annual Meeting of Stockholders of Philippine Telegraph & Telephone Corporation (PTT) will be held at Isla Ballroom 3, Lower Level EDSA Shangri-La Hotel No. 1 Garden Way, Ortigas Centre, Mandaluyong City, on Friday, October 29, 1599 at 3:00 P.M. The order of business will be as follows: 1. Call to order. 2. Proof of notice and due calling of the meeting; Determination of a quorum 3. Confirmation of minutes of the annual stockholders' meeting held on November 27, 1998 4. Presentation of the Annual Report and Report of the President; 5. Presentation and ratification of the acts and resolutions of the Board of Directors and Management; llcd 6. Election of the members of the Board of Directors, 7. Other matters; 8. Adjournment. The Board of Directors at its meeting held on September 30, 1999 set the record date for determining the stockholders entitled to notice and to vote at the election in the close of the business hours of October 15, 1999. SIGNATURES 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 hereunto duly authorized. PHILIPPINE TELEGRAPH AND TELEPHONE CORPORATION Registrant By: (SGD.) LUCIE QUIDATO-BANTOLINO SVP Asst. Corporate Secretary