Current Report Under Section 11 of the Revised Securities Act (RSA) and RSA Rule 11(A)-1(B)(3) Thereunder

March 14, 2000 PSE CIRCULAR FOR BROKERS NO. 662-00 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. Date of Report: March 10, 2000 2. SEC Identification Number: 0102415 3. BIR Tax Identification No.: 00-056-514 4. Exact name of registrant as specified in its charter: ZEUS HOLDINGS, INC. 5. Province, country or other jurisdiction of incorporation: Metro Manila, Philippines 6. Industry Classification Code: 7. Address of principal office: 9th Floor, Antel Corporate Center, 139 Valero St., Salcedo Village, Makati City 8. Registrant's telephone number, including area code: (632) 816-2449/ 816-2451 9. Former address, if changed since last report: N.A. 10. a. Securities registered pursuant to Sections 4 and 8 of the RSA: Title of Each Class Number of Shares of Common Stock Outstanding Common 1,638,463,907 b. Securities exempted from registration under the RSA: Title of Each Class Number of Shares of Common Stock Outstanding Common 1,095,000,000 11. Report on: Item 5. Legal proceedings PICOP Holdings, Inc., a stockholder of the Registrant, for itself and on behalf of the Registrant, has filed a derivative suit with the Securities Investigation and Clearing Department of the Securities and Exchange Commission docketed as SEC Case No. 02-00-6534 for annulment of contract, corporate acts, board resolutions mismanagement and appointment of a management committee. The majority of the Corporation's Board of Directors believes in good faith that the event disclosed above does not have any adverse impact on the Corporation's current or future operations, its financial position or results of operation. llcd Pursuant to the requirements of the Revised Securities Act, the Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ZEUS HOLDINGS, INC. By: (SGD.) JOCELYN I. SANCHEZ-SALAZAR Corporate Secretary