In the Matter of Philequity Money Market Fund, Inc.

May 17, 2005 CORPORATION FINANCE DEPARTMENT IN THE MATTER OF PHILEQUITY MONEY MARKET FUND, INC. ORDER Upon consideration of the amended registration statement filed by PHILEQUITY MONEY MARKET FUND, INC. the Commission in its meeting of May 12, 2005 resolved to approve the following amendments: cSATEH Original Registration Statement Revisions Sales Load One-half percent (0.5%) of the value Maximum at one percent of investment made at any time by (1%) of the value of an investor. investment made at any time by the investor. Maximum P5,000.00 for initial investment and P10,000.00 for initial Investment P1,000.00 minimum for additional investments and P5,000.00 investments. minimum for additional investments. Redemption One-half percent (0.5%) shall be A graduated rate of 1.0% of Charge deducted from the redemption the proceeds if redeemed in proceeds of shares redeemed in the 1st year, 0.5% if redeemed on less than 90 days. the 2nd year and no redemption fee if redeemed after the 2nd year, from the time of purchase. Management 0.5% per annum of the average net 1.5% per annum of the Fee asset value computed on a daily basis. average net asset value Computed on a daily basis. SO ORDERED. SCaDAE EDSA, Greenhills, City of Mandaluyong, Metro Manila, Philippines. May 17, 2005. (SGD.) JUSTINA F. CALLANGAN Director Published in The Manila Times on May 18, 2005.