Far East Bank and Trust Company vs. Commissioner of Internal Revenue

DECISION

The instant petition seeks the refund or issuance of a tax credit certificate in the amount of P 19,480,920.90 allegedly representing overpaid gross receipts tax for the taxable year 1997.

The antecedent facts follow. Petitioner is a domestic corporation duly organized and existing under the laws of the Republic of the Philippines. It is engaged in banking activities with office address located at Far East Bank Center, Sen. Gil J. Puyat A venue, Makati City (No. 1, Joint Stipulation of Facts and Issues). In 1997, Petitioner filed its Quarterl y Percentage Tax Returns and paid its gross receipts tax (GRT, for brevity) for each quarter as follows:

Exhibit A B c D Date Filed Period Covered April 21, 1997 July 21, 1997 October 20, 1997 January 20, 1998 1st Quarter 2nd Quarter 3rd Quarter 4 111 Quarter GRT Paid Pl35,550,526.07 125,937,002.57 123,580,773.58 132,044,696.60 For the four quarters of 1997, Petitioner alleged that it reported and included as part of its gross receipts tax base its total interest income subject to 20% and paid the corresponding GRT thereon totaling P 19,480,920.90, computed as follows: Period Covered January to March April to June July to September October to December TOTAL Interest Income Subject to 20% p 124,269,002.52 95,278,713 .61 78,116,999.44 91,953,702.46 P389.618.418.03 p 6,213,450.13 4,763,935.68 3,905,849.97 4,597,685.12 p 19.480.920.90 On January I I, 1999, Petitioner fil ed with the Office of the Respondent a letter- claim for the refund of the amount of P1 9,480,920.90 pursuant to Section 230 of the National Internal Revenue Code (Annex E, Petition for Review). As there was no action on the part of herein Respondent and the two-year prescriptive period was about to expire, Petitioner filed the present case on March 31 , 1999 on the strength of this Court's decision in CT A Case No. 4720 entitled Asian Bank Corporation vs. Commissioner of Intcmal Revenue promulgated last Januar-y 30, 1996, where We held that the twenty percent (20%) final withholding1:ax on a bank's 1

·') I

1 00 1 passive income should not form part of the bank's taxable gross receipts for the purpose of computing the Gross Receipts Tax. In his Answer filed through registered mail on May 26, 1999, Respondent raised the following Special and Affirmative Defenses: "5. The Verification accompanying the Petition for Review filed thru its First Vice President Ms. Emily M. Calanog is defective as the same is not duly notarized before a notary public as required by Jaw so that failure to do so is tantamount to the filing of the Petition for review sans Verification and therefore should be dismissed forthwith;

6. In an action for tax refund, petitioner must show that taxes were paid erroneously or collected illegally. Failure to sustain this burden is fatal to the action for refund;

7. Claims for refund are construed strictly against the claimants since they are in the nature of exemptions from taxation (Manila Electric Co. vs. Commissioner of Internal Revenue, 67 SCRA 351);

8. Taxes are presumed to have been paid and collected in acco rdance with law."

The alleged unnotarized verification accompanytng the Petition for Review was cured with the submission on April 8, 1999 of a du 1y notarized verification before Respondent could file his Answer on May 26, 1999. Hence, in their ".Joint Stipulation of Facts and Issues" filed before this Court on November 4, 1999, the parties submitted only the following issues for resolution:

1. Whether or not Petitioner has earned interest income subject to the 20% final withholding tax for the first to the fourth quarter of 1997; 1330

2.

Whether or not the 20% final withholding tax on said interest income earned by Petitioner from the first to the fourth quarter of 1997 was withheld at source;

3. Whether or not the said 20% final withholding tax was reported as part of the gross receipts of Petitioner for 1997; and

4. Whether or not the 5% gross receipts tax (GRT) due was paid by Petitioner on its reported gross receipts fo r 1997. Petitioner, to support its case, presented its Quarterl y Percentage Tax Returns [or the year 1997, the Quarterly breakdown of its excess GRT payments, the letter- certification prepared by the duly commissioned independent CPA with supporting schedules, Summaries of Trading Gain from Sale of its securities, Detailed Schedules of its Monthly Interest Accrual, Summaries of Interest Income from its securities, Confirmations of Sale, Schedule of Outstanding Sales, Confi rmations of Purchase, Schedules of Accrued Interest Income and Interest Income from its securities, Certificates of Taxes Withheld and its Subsidiary Ledgers for the year 1997. Respondent on his part, after stipulating on the issues mentioned earlier which delved mostly on evidentiary matters, challenged the legal basis of the claim for refund in the Memorandum submitted on January 8, 200 1 (see pages 198 to 205). In said Memorandum, Respondent echoed the Dissenting Opinion of Judge Amancio Q. Saga in the case of China Banking Corporation vs. Commissioner of Intemal Revenue, CTA Case No. 5405 promulgated on Septemhe1· 30, 1998, excerpts of which are quoted hereunder, thus:

13.3 ~~

"There is no provision in the Tax Code or any special laws which excludes the 20% final income tax withholding under Section SO(a), as no longer forming part of the gross receipts for purpose of the 5% gross receipts tax. On the other hand, Section 8(c) of Revenue Regulations No. 12-80, dated November 7, 1980, as amended by Section 7(c) of Revenue Regulations No. 17-84, dated October 12, 1984 have the same provisions, thus: ' If the recipient of the above-mentioned items of income are financial institutions, the same shall be included as part of the tax base upon which the gross receipts tax is imp·Jsed.' Clearly, there is no doubt that the 20% final withholding tax is legally includible as part of the gross receipts for purposes of computing the gross receipts tax."

After analyzing the arguments of both parties, We are inclined to fi nd in favor of Respondent.

Petitioner postulates that Section 4(e) of Revenue Regulations No. 12-80 dated November 7, 1980 clearly provides that the amount representing the final tax, not having been received by the Petitioner but instead went to the coffers of the government, should no longer form part of its gross receipts fo r purposes of computing the gross receipts tax. We find the foregoing argument of the Petitioner which incidentally is based on the case of Asian Bani< Corporation vs. Commissioner of Tntemal Revenue, CTA Case No. 4720 dated January 30, 1996, legally objectionable for two (2) reasons, to wit: (1) Section 4(e) of Revenue Regulations No. 12-80 is not a computation determinative of the amount of gross receipts as basis of the gross receipts tax under Section 1 19 of the Tax Code. Said revenue regulations merely authorize the determination of the amount of gross receipts on the basis of the method of accounting being used by the taxpayer under Section 37 of the Tax Code. Such accountinj methods for taX"'purposes comprise a set of rules for determining when and how to report income and 1330

DEC ISION-

deductions (Consolidated Mines. inc. vs. CTA. L- 18846, August 29. 1974). The two principal accounting methods expressly and impliedly recognized by the Tax Code and the Income Tax Regulations are:

(a) Cash receipts and disbursement method or cash basis. Income earned by the taxpayer is not included in gross income until received and expenses are not deducted until paid within the taxable year; and

(b) Accrual basis. - Income is included in gross income when earned, whether received or not, and expenses are allowed as deductions when incurred although not yet paid within the year.

(2) That the non-inclusion of the 20% fi nal withholding income tax from the gross interest income for purposes of gross receipts tax operates as an exemption from tax. Being an exemption fi·om tax, the same must be construed strictly not against the government but against the one who asserts the claim of exemption. Tax exemption can only be given effect when the grant is clear and categorical inasmuch as taxation is the rule and exemption is the exception, Section 26, Tax Code. The holding therefore in the Asian Bank Corporation to the effect that the non-inclusion of the 20% final withholding income tax from the gross receipts can logically be inferred from the wordings of said Section 4(e) of Revenue Regulations No. 12-80, is misplaced.

Tax statutes are to receive a reasonable construction with a view to carrying out their purpose and intent (5 I Am J ur 361 ). It should not be construed as to permit the tax payer to easily evade the payment of the tax (Caban Steel Co. vs. Le-vvelyn, 25 1 U. S. 501). Thus, the good faith of the taxpayer is not sufficient justification for exemption from the payment of surcharges imposed by law (Commissioner vs. Royal lnterocean Lines and CTA, L-26506, July 30, 1970). A tax statute should be construed to avoid the possibilities of tax evasion (Lorenzo vs. Posadas. 64 Phils. 353)." It bears stressing that the aforecited Section 4(e) of Revenue Regulations No. 12- 80, relied upon by Petitioner has already been superseded by Revenue Regulations No. 139i 17-84 dated October 12, 1984. Section 7(c) of Revenue Regulations No. 17-84 provides, thus:

Section 7 (c) If the rectptent of the above-mentioned items of income are financial institutions, the same shall be included as part of the tax base upon which the gross receipts tax is imposed. By quoting a superseded revenue regulation, the Petitioner in the Asian Bank case, led this Court to believe that indeed the basis of the gross receipts is total gross receipts exclusive of the 20% fi nal withholding tax deducted and withheld under Section 50( a) of the Tax Code. Section 7(c) of Revenue Regulations No. 17-84 clearly and categorically provides that the basis of such tax is inclusive of the fi nal withholding tax. The conclusion finds support in the ruling of the Court of Appeals in the case entitled Commissioner of Internal Revenue vs. Asianbank Corporation, CA-G.R. Sp No. 51248 promulgated on November 22, 1999, excerpts of which are quoted hereunder: "It is true that Revenue Regulations No. 12-80 provides that the gross receipts tax on banks and other financial institutions should be based on all items of income actually received. Actual recei pt here is used in opposition to mere accrual (Rep. v. Lim Tion Teng sons & Co. , 16 SCRA 584). But receipt may be actual or constructi ve. Article 53 1 of the Civil Code provides that possession is acquired by the material occupation of a thing or the exercise of a right, or by the fact that it is subjc t to the action of one wilL or by the proper acts and legal formalities established for acquiring such right. Moreover, taxation income may be received by the taxpayer himself or by someone authorized to received it fo r hi m (Art. 532. Civil Code). The 20% final tax withheld from interest income of banks and other similar institutions is not income that they have not received, it is simply withheld from them and paid to the government, for their benefit. Thus, the 20% income tax withheld from the interest income is, in fact, money of the taxpayer bank but paid by the payor to the government in satisfaction of the bank's obligation to pay the tax on interest earned. lt is the bank's obligation to pay the tax. Hence the withholding of the said tax and its payment to the government is for its benefit."

In his Annotations and Jurisprudence on the National Internal Revenue Code as amended, former Commissioner of Internal Revenue Jose Arafias defined gross receipts under then Section 260 (previously Section 249 and now Section 121) of the Tax Code as follows:

260(3). Meaning of "gross receipts". - The term "gross receipts" provided for in Section 249 of the Tax Code should be interpreted to mean "as the whole amount received without deductions," otherwise, it will be considered as "net receipts" (National City Bank of New York vs. CIR. ETA Case No. 52, July 12, 1952). Profits derived from the sale of miscellaneous accounts, whether it is in connection with the banking business of the banking institution or not, so long as they were earned or derived from its fund, as a banking institution, should be included in gross receipts. (Ibid). Aranas, Annotations and Jurisprudence on the National internal Revenue Code as amended, 6th eel. (1983), Vol. ll, p. 479. In his Commentaries and .Jurisprudence on the National Internal Revenue Code of the Philippines, Jose N. Nolledo draws the same conclusion: No deductions are allowed from gross income before the 5% tax is imposed as otherwise, the tax is based on net receipts (See National City Bank of New York vs. CIR. BTA Case No. 52. July 12, 1952). Nolledo, Commentaries and Jurisprudence on the National Internal Revenue Code ofthe Philippines, 1976 Revised Edition. p.ll 27.

In the United States, whose jurisprudence has persuasive effect in this jurisdiction, the term "gross receipts" has long had this established meaning: "Gross income," "gross proceeds" and "gross receipts" all mean the same, it has been held, although "gross earnings" are sometimes distinguished from "gross receipts." Gross receipts ordinarily mean the total receipts before anything is deducted for the expenses of management." Cooley, The Law on Taxation. 4th eel. (1924), Vol. II, pp. 1789-1790, citing State v. Illinois Cent. R. Co., 246 Ill. 188,92. N.E. 814. "Gross earnings means entire earnings from all operations and not earnings less operating expenses, taxes and bad debts. State v. United Electric Light & Water Co., 90 Conn. 452. 97 At!. 857'' Cooley, The Law on Taxation. 4th ed. (1 924), Vol. fl. p. 1790. Excise tax has not been allowed as a deduction for purposes of determining gross receipts. In interpreting the term "gross receipts", Mertens, Law of Federal Income Taxation, has this to say: & 3.37. Constmction of Specific Wonls X X X Gross Receipts In determining "gross receipts" such descriptions as "the total amount received or accrued" have been applil d. That gross receipts represent the total amount received or accrued is plain; with respect to inventory, it is the amount the customer paid and not such amount reduced by any excise tax for which the seller is responsible. This definition of gross receipts - not subtracting the excise payments - has been applied in formul as for DISCs. Mertens, Law of Federal Income Taxation, 1995 edition, Chapter 3, page 54, Section 3.37, citing Lucky Lager Brewing Co.

v. Comm., 26 TC 836 ( 1956), af[d 246 F2d 62 1 (CA9 1957) and Brown- Forman Corp. v. Comm., 94 TC 4 19 (1990). 1 ') ·:--, i. .

0 -.. !

In the aforecited Lucky Lage•· Brewing Co. vs. Commissioner of Internal Revenue, 246 F 2d 621 (CA9 1957), the United States Court of Appeals ruled: "The contention of petitioner is that the word "gross" in the term "gross receipts" means what the buyer paid for the beer less what the manufacturer paid to the government prior to its sale under the excise tax, enacted in 1939. x x x. We do not agree. The language of paragraph (5) of Section 435(e) that "gross receipts" are "the total amount received or accrued ***from the sale*** of stock in trade" (emphasis supplied] is irrefutably plain. It is a logical absurdity to contend that the "total amount received" from the sales is not what the customer paid but a lesser amount determined by a deduction of a particular tax paid, here requited to be paid and in fact paid by the seller, before the delivery of the beer. Lucky Lager Brewing Co. vs. Commissioner (~/ Internal Revenue, United States Court of Appeals. Ninth Circuit, June 24. 1957, 246 F2d 62 1 (C/1 9 1957). The exclusion of 20% FWT would seriously erode the GRT base. ln effect it would reduce by 20% the tax on gross receipts under Sections 12 1 (Tax on Banks and Non-bank financial Intermediaries and 122 (Tax on Finance Companies). Tax exemptions are strictly construed against the taxpaye:·. In the absence of any clear provision of Jaw excluding the 20% FWT from the tax base for GRT purposes, we cannot conclude that such 20% FWT should be excluded lor purposes of GRT computation.

WHEREFORE, in view of the foregoing. the Petition for Review is hereby DENIED for lack of merit.

13J 3

PAGE II

WE CONCUR:

(Dissenting) ERNESTO D. ACOSTA Presiding Judge (2~(2.~c;{a/C2.

c%}UANITO C. CASTANEDA, <lt{. Associate Judge

CERTI FJCATION

I hereby certify that the above decision was reached after due consultation with the members of the Court of Tax Appeals in accordance with Section 13, Article VIII of the Constitution.

~ \>-C~

'1 ') - 1 '""'\ 0 ~., lJ ERl'.ESTO 0. ACOSTA Presidi ng Judge ANIME. ANenie pall ais.

Tate ha!

Ce a ee ee OOO, Oe Tet SET CaRCE SE ON ot rT Oe FAR EAST BANK & TRUST CO. vs.

COMMISSIONER OF INTERNAL REVENUE

DISALLOWANCES ON TREASURY BILLS

JANUARY DOS PUEBLOS, THELMA

FIRST LEPANTO-TAISHO INSURANCE

MB FINANCE CORPORATION

FEBTC 216-00172 FAO DIGITEL

FEBTC 216-00172 FAO DIGITEL

SHELL PHILIPPINES PETROLEUM

SHELL PHILIPPINES PETROLEUM

SHELL PHILIPPINES PETROLEUM

SHELL PHILIPPINES PETROLEUM

SHRINE GALLERIA CORP

TBG VTA

BLUEFUND FAREASTFUND

CCC INSURANCE CO

EQUITABLE INSURANCE CORPORATION

TIG TA 201-00148

TIG TA 201-00132

TIG TA 201-00105

TBG VTA

TBG VTA

KSA REALTY CORPORATION

JG SUMMIT HOLDINGS CORP

TIG TA 181-00288

TIG TA 181-00294

TIG TA 181-00368

SAN MIGUEL CORP

SAN MIGUEL CORP

SAN MIGUEL CORP

SAN MIGUEL CORP

BLUEFUND

MERJE TRADING CO

TBG VTA

GS FUND

PILIPINAS SHELL PETROLEUM CORP

TBG VTA

WYETH PHILS

TIG TA 181-00162

HOC REALTY CORP

TIG TA 101-00122

Of ISIN NO.

BL1296L514 6A-1-07 6A-1-07 BLI296K463 6A-J-04 6A-I-07 6A-I-07 6A-1-07 6A-1-07 6A-J-04 6A-J-04 SB0396L513 BLO696L491 BLO396L498 SB0397A018 BLO396L504 BLO396L504 BLO396L504 BLO396L504 BLO396L498 SB0397A018 SB0396L508 BLO396L498 BLO396L498 BLO396L498 SB0397A027 SB0397A027 $B0397A027 SB0397A027 =pos0/ay 8 SB0396L508 $B0397A027 BLO696K474 SBO396L508 SB0397A027 SB0396L508 $B0397A027 SB0396L508 SB0397A027 EXHIBIT G-1-1 G-1-2 G-1-2 G-1-3 G-1-3 G-1-4 G-1-4 G-1-4 G-1-4 G-1-4 G-1-13 G-1-13 G-1-16 G-1-19 G-1-22 G-1-28 G-1-28 G-1-28 G-1-28 G-1-30 G-1-30 G-1-30 G-1-34 G-1-34 G-1-34 G-1-36 G-1-36 G-1-37 G-1-37 G-1-37 G-1-44 G-1-45 G-1-45 G-1-48 G-1-48 G-1-48 G-1-49 G-1-49 G-1-52 INTEREST INCOME 444.29 2,506.01 2,373.43 49,273.25 3,195.22 19,629.51 12,187.42 12,015.26 2,220.84 5,560.80 2,426.87 51,130.84 7,112.89 4,116.58 2,503.52 1,341.25 381.26 654.98 4,043.30 11,032.37 31,596.18 33,733.63 370.36 767.70 586.21 84,671.56 75,263.61 14,114.47 37,631.80 310,988.12 1,600.42 4,924.69 37,784.31 14,571.91 1,278.15 7,415.87 1,988.24 17,076.77 217.69

ANNEX A

FINAL TAX

111.07 626.50 593.36 12,318.31 798.81 4,907.38 3,046.86 3,003.82 555.21 1,390.20 606.72 12,782.71 1,778.22 1,029.15 625.88 335.31 95.32 163.75 1,010.83 2,758.09 7,899.05 8,433.41 92.59 191.93 146.55 21,167.89 18,815.90 3,527.87 9,407.95 77,747.03 400.11 1,231.17 9,446.08 3,642.98 319.54 1,853.97 497.06 4,269.19 54.42 GROSS RECEIPTS TAX 5.55 31.33 29.67 615.92 39.94 245.37 152.34 150.19 27.76 69.51 30.34 639.14 88.91 51.46 31.29 16.77 4.77 8.19 50.54 137.90 394.95 421.67 4.63 9.60 7.33 1,058.39 940.80 176.39 470.40 3,887.35 20.01 61.56 472.30 182.15 15.98 92.70 24.85 213.46 2.72 1 of 27

TIG TA 101-00138

TIG TA 101-00152

TIG TA 116-00010

TIG TA 181-00029

MAKATI INSURANCE

TIG TA 201-00070

TIG TA 201-00136

TIG TA 201-00144

TIG TA 201-00148

TBG VTA

FAREASTFUND FAREASTFUND FAREASTFUND FAREASTFUND

FEB INVESTMENTS INC

FEB INVESTMENTS INC

JOHN/RACEL CHENG ;

TIRSO TEJADA/CARIDAD TEJADA

LOSARIA/CYNTHIA/JOSEPH NEIL

DR. ELINO FORTADES

GUOCO HOLDINGS

SAN MIGUEL CORP

DIGITAL TELECOMMUNICATIONS PHILS

GUOCO HOLDINGS

TBG VTA

CECILLE/CLAUDETTE FRENCH

CECILLE/CLAUDETTE FRENCH

FIL-ESTATE PROPERTIES

FEB INVESTMENTS INC

PUREFOODS

SAN MIGUEL CORP

FEB INVESTMENTS INC

FEB INVESTMENTS INC

DANILO CHUA

WILLIAM/BELEN GOSIACO

DENNIS COY

TIG TA 1716-00003

TIG TA 181-00123

TIG TA 181-00376

TBG VTA

FEB STOCKBROKERS

MERCEDES ABELLA

TIG TA 101-00142

FEB EXCHANGE INC

FAREASTFUND

FEB EXCHANGE INC

BT SB0397A027 SB0397A027 SB0397A027 SB0397A027 SB0397A027 SB0397A027 SB0397A027 SB0397A027 SB0397A027 SB0397A027 SB0396L568 SB0396L508 SB0397A027 SB0397A027 6A-J-04 6A-J-04 6A-J-04 6A-J-04 6A-J-04 6A-D-90 SBO0396L508 SB0397A027 SB0397A027 SB0397A027 SBO0396L508 6A-J-04 6A-J-04 BLO396L489 6A-D-90 SB0397A027 BLO396L513 BLO396L504 6A-D-90 BLO396L489 6A-D-90 BLO396L489 SB0396L508 SB0396L508 SB0396L808¢ SBO396L508 BLO396L489 BLO696L507 SBO396L508 SB0397A036 SB0397A036 SB0397A023 mus G-1-52 G-1-52 G-1-52 G-1-52 G-1-52 G-1-52 G-1-53 G-1-53 G-1-53 G-1-53 G-1-53 G-1-56 G-1-56 G-1-56 G-1-57 G-1-57 G-1-58 G-1-58 G-1-59 G-1-63 G-1-65 G-1-65 G-1-65 G-1-66 G-1-67 G-1-68 G-1-68 G-1-69 G-1-71 G-1-74 G-1-74 G-1-76 G-1-76 G-1-76 G-1-77 G-1-77 G-1-78 G-1-78 G-1-79 G-1-79 G-1-82 G-1-82 G-1-84 G-1-85 G-1-85 G-1-86 363.43 2,890.81 940.85 306.24 811.71 1,667.70 558.98 225.06 1,477.69 14,064.82 137,603.81 147,250.45 96,619.21 42,173.95 2,687.36 2,650.56 1,808.43 1,644.69 360.43 338.88 217,283.03 49,611.23 16,218.50 44,929.28 307.32 850.39 218.52 5,197.28 1,081.54 2,376.27 45,557.08 1,964.43 3,179.55 73.99 6,392.68 123.09 147.30 908.59 1,060.99 323.76 2,466.67 116,384.67 339.40 44,165.17 7,474.11 13,589.29 90.86 722.70 235.21 76.56 202.93 416.93 139.75 56.27 369.42 3,516.21 34,400.95 36,812.61 24,154.80 10,543.49 671.84 662.64 452.11 386.17 90.11 84.72 54,320.76 12,402.81 4,054.63 11,232.32 76.83 212.60 54.63 1,299.32 270.39 594.07 11,389.27 491.11 794.89 18.50 1,598.17 30.77 36.83 227.15 265.25 80.94 616.67 29,096.17 84.85 11,041.29 1,868.53 3,397.32 4.54 36.14 41.76 3.83 40.15 20.85 6.99 2.81 18.47 175.81 1,720.05 1,840.63 1,207.74 527.17 33.59 33.13 22.61 19.31 451 4.24 2,716.04 620.14 202.73 561.62 3.84 10.63 2.73 64.97 13.52 29.70 569.46 24.56 39.74 0.92 79.91 1.54 1.84 11.36 13.26 4.05 30.83 1,454.84 4.24 552.06 93.43 169.87 2 of 27

TIG TA 101-00161

PUREFOODS

TIG TA 181-00368

CBC CA 103-008301-2

CBC CA 103-008301-2

TIG TA 101-00152

TIG TA 116-00031

TIG TA 116-00010

TING, ARVIN U.

CONCHITA CALONZO OR ANNA

ALBERTO/ROSARIO SISON

ALBERTO/ROSARIO SISON

EDGARDO/FELICIDAD/ANA MARIA REYES

MANUEL/LUCILA CO

PHIL. WOMEN JUDGES ASSOC. INC

THOMAS DY TANG

RICARDO T/NENITA/CLARE ANNE OLA

POA BUN PO OR NG HIP

RUPERTO/LYDIA/RODERICK SADIWA

WILSON LIMOANCO

FORTUNATO/JERONE CRUZ

INDUCTIVO, ISMAEL

CRESENCIO/FLORENTINA ALONZO

MAKATI INSURANCE

TIG TA 201-00128

TIG TA 101-00132

SALDANA, RUFINA

ISAGANI CHUA

LUCITA DE JESUS

FAMILY FUND II

FAREASTFUND

TIG TA 101-00129

TIG TA 101-00130

TIG TA 181-00377

TIG TA 101-00140

MAKATI INSURANCE

TIG TA 220-00296

TIG TA 201-00129

TBG VTA

JARDINE FLEMING EXCHANGE

MAKATI INSURANCE

TIG TA 201-00155

TBG VTA

TIG TA 101-00007

TIG TA 210-00155

TOTAL §$B0397A027 $B0396L508 PISB0397A0 6A-J-04 6A-J-04 PISB0397A0 PISBO397A0 PISB0397A0 6A-J-04 SB0396L508 $B0396L508 SB0396L508 $B0396L508 $B03961.508 SB0396L508 SB0396L508 $B0396L508 $B0396L508 $B0397A027 SB0397A027 6A-J-04 6A-J-04 6A-J-04 $B0397A027 SB0397A027 $B0397A027 $B0397A045 6A-J-04 6A-J-04 6A-J-04 $B0397A045 SB0396L508 SBO396L5¢8 $B0396L508 PISBO397A0 ‘ PISBO397A0 PISBO397A0 PISB0397A0 PISB0397A0 t SB0397A045 SB0397A027 $B0397A027 $B0397A027 SB0396L508 SB0396L508 G-1-93 G-1-94 G-1-94 G-1-95 G-1-95 G-1-95 G-1-95 G-1-95 G-1-97 G-1-97 G-1-99 G-1-99 G-1-99 G-1-99 G-1-100 G-1-100 G-1-100 G-1-102 G-1-103 G-1-104 G-1-106 G-1-106 G-1-106 G-1-107 G-1-107 G-1-107 G-1-108 G-1-108 G-1-108 G-1-141 G-1-111 G-1-112 G-1-112 G-1-112 G-1-112 G-1-112 G-1-112 G-1-112 G-1-112 G-1-113 G-1-116 G-1-116 G-1-116 G-1-116 G-1-116 P 667.70 10,284.97 115.17 3,975.46 2,531.80 48.42 201.61 542.36 167.94 495.22 967.98 206.77 292.87 51.09 401.31 104.35 390.58 243.96 2,165.16 268.00 1,815.02 56.72 74.86 6,021.87 4,333.71 1,993.41 8,371.88 200.22 252.41 1,251.39 3,964.25 909.50 285.16 393.19 217.31 1,100.16 1,328.34 484.21 209.17 27,721.35 5,415.77 45,229.85 7,884.43 95.64 2,094.69 2,055,125.00 166.93 2,571.24 28.79 993.87 632.95 12.11 50.40 135.59 41.99 123.81 242.00 51.69 73.22 12.77 100.33 26.09 97.65 60.99 541.29 67.00 453.76 14.18 18.72 1,505.47 1,083.43 498.35 2,092.97 50.06 63.10 312.85 991.06 227.38 71.29 98.30 54.33 275.04 332.09 121.05 52.29 6,930.34 1,353.94 11,307.46 1,971.11 23.91 523.67 P 513,781.25 8.35 128.56 1.44 49.69 31.65 0.61 2.52 6.78 2.10 6.19 12.10 2.58 3.66 0.64 5.02 1.30 4.88 3.05 27.06 3.35 22.69 0.71 0.94 75.27 54.17 24.92 104.65 2.50 3.16 15.64 49.55 11.37 3.56 4.91 2.72 13.75 16.60 6.05 2.61 346.52 67.70 565.37 98.56 1.20 26.18 P 25,689.06 3 of 27

FEBRUARY GROSS

INTEREST RECEIPTS

ISINNO. — EXHIBIT INCOME _FINAL TAX_ TAX TIG TA 201-00148 SB0397A027—-G-2-1 109.81 27.45 1.37 RFM FOUNDATION SB0697A020 -G-2-2 356.85 89.21 4.46 FEB EXCHANGE INC SB0397A027. —-G--2-3 76,348.03 19,087.01 954.35 FEB INVESTMENTS INC SB0397A027. —-G-2-4 29,498.10 7,374.53 368.73 BLUE FUND SB0397A027 —-G-2-4 141,243.86 35,310.97 1,765.55 FEB EQUITIES FUND 6A-J-04 G-2-4 312.41 78.10 3.91 SAN MIGUEL CORP SBO697A020 —-G-2-6 24,243.78 6,060.95 303.05 GS FUND SB0397A027 —-G-2-6 2,965.63 741.41 37.07 WYETH PHILS SB0697A020 G-2-6 9,324.53 2,331.13 116.56 FEB EQUITIES FUND SBO396L508 G-2-6 456.24 114.06 5.70 FAREASTFUND BL1296L514 G-2-6 19,592.87 4,898.22 244.91 BLUE FUND BL1296L514 G-2-6 4,424.37 1,106.09 55.30 TIG TA 181-00289 $B0397A027—-G-2-9 1,172.60 293.15 14.66 SEABOARD EASTERN INSURANCE CO SB0396L508 G-2-10 4,997.46 1,249.37 62.47 SHELL CHEMICAL CO SB0397A045 -G-2-12 17,948.09 4,487.02 224.35 GS FUND BL1296L514 | G-2-13 16,137.30 4,034.33 201.72 FEB INVESTMENTS INC BL1296L505 G-2-14 7,745.14 1,936.29 96.81 FAREASTFUND SB0397A027 -G-2-14 8,638.49 | 2,159.62 107.98 TIG TA 101-00153 SB0397A027 -G-2-15 324.84 81.21 4.06 TIG TA 201-00017 SB0397A027—-G-2-15 281.62 70.44 3.52 MANILA ELECTRIC CO SB0397A054 -G-2-15 51,063.07 12,765.77 638.29 TIG TA 201-00148 SB0397A027 -G-2-15 539.53 134.88 6.74 TBG VTA SB0397A027 G-2-15 4,390.14 1,097.54 54.88 SHELL PHILS PETROLEUM CORP SB0397A018 G-2-15 35,080.02 8,770.01 438.50 DIGITAL TELECOMMUNICATIONS . §B0397A018 G-2-17 5,898.54 1,474.64 73.73 DIGITAL TELECOMMUNICATIONS SB0397A018 G-2-17 17,695.63 4,423.91 221.20 FEB EXCHANGE INC . $B0397A027 G-2-18 24,106.51 6,026.63 301.33 FEB INVESTMENTS INC ,$B0397A027 G-2-18 1,390:76 347.69 17.38 FAREASTFUND BLO396L513.-G-2-19 9,377.11 2,344.28 117.21 BLUE FUND SB0397A027—-G-2-19 4,599.44 1,149.86 57.49 MAGSAYSAY MANPOWER SB0397A044 | G-2-20 6,810.05 1,702.51 85.13 GOVERNMENT SERVICE INSURANCE $B0397A036 © G-2-22 13,643.59 3,410.90 170.54 i MANILA ELECTRIC CO SB0397A045 —-G-2-23 3,930.92 982.73 49.14 TBG VTA BLO396L513.G-2-23 4,354.46 1,088.62 54.43 HAWAIIAN PHILS SB0397A045 G-2-24 10,329.53 2,582.38 129.12 BOGO MEDELLIN MILLING CO SB0397A045 -G-2-24 4,573.75 393.44 19.67 | FEB EXCHANGE INC SB0397A027—-G-2-25 74,421.75 18,605.44 930.27 FAREASTFUND BL1296L514 _G-2-26 4,722.85 1,180.71 59.04 FEB STOCKBROKERS INC SB0397A045 -G-2-26 37,016.59 9,254.15 462.71 5 - : é 4 of 27 t | ‘ldue RY Cee Aopen hie! ci RAE GALES it - + Rid Rags

FEB INVESTMENTS INC

BL0396L489 G-2-26 1,531 .63 382.91 19.15

FEB INVESTMENTS INC

BL0396L489 G-2-26 69.26 17.32 0.87

GOVERNMENT SERVICE INSURANCE

SB0396L508 G-2-27 16,198.88 4,049.72 202.49

FEB INVESTMENTS INC

SB0396L508 G-2-29 2,510.45 627.61 31.38

FEB INVESTMENTS INC

SB0397A027 G-2-29 2,434.10 608.53 30.43

TAN CHUA SIU HUN

SB0396L508 G-2-32 1,019.02 254.76 12.74 AL TAMAR SHIPPING CO. SB0396L508 G-2-32 4,543.98 1,136.00 56.80 AL TAMAR SHIPPING CO. SB0396L508 G-2-32 ! ,268.61 567.15 28.36

ROWENA LACANIENTA

SB0397A045 G-2-32 411 .93 102.98 5.15

TBG VTA

SB0397A027 G-2-32 2,367.46 591 .87 29.59

ZUELLIG PHARMA

SB0397A027 G-2-33 9,782.31 2,445.58 122.28

FEB EXCHANGE INC

SB0397A045 G-2-33 20,303.30 5,075.83 253.79 BAUTISTA, FRANCISCO SB0397A027 G-2-34 2,221 .35 555.34 27.77 50101 SB0396L508 G-2-34 983.46 245.87 12.29

BENITO CHAN LAO

SB0396L508 G-2-34 1,983.23 495.81 24.79 50033 SB0396L508 G-2-34 2,052.84 513.21 25.66 REYES, FELICIANA SB0397A045 G-2-35 4,123.86 1,030.97 51 .55

MINDA BATCAGAN

SB0396L508 G-2-35 137.46 34.37 1.72

MODESTO ATIENZA JR

SB0396L508 G-2-35 153.91 38.48 1.92

BEARER 154

SB0396L508 G-2-35 525.73 131.43 6.57

TIG TA 181 -00281

SB0397A027 G-2-35 322.67 80.67 4.03 TBGVTA SB0397A027 G-2-35 6,791 .06 1,697.77 84.89

FLORENCEIZA YDA FONTANILLA

SB0397A045 G-2-35 977.97 244.49 12.22

FORTUNE MEDICAL CARE INC

SB0397A027 G-2-36 9,506.43 2,376.61 118.83

PILIPINAS MAKRO

SB0396L508 G-2-37 14,350.48 3,587.62 179.38

ROBERTO LAYSON

SB0396L508 G-2-37 869.15 217.29 10.86

THOMAS ONGTENGCO

SB0396L508 G-2-37 505.25 126.31 6.32 MEJIA, PAFNUCIO SB0396L508 G-2-38 368.28 92.07 4.60

JUAN/MARY LAO

SB0397A045 G-2-38 3,790.24 947.56 47.38

JARDINE FLEMING EXCHANGE

SB0396L508 G-2-38 9,848.58 2,462.15 123.11

JUAN/MARY LAO

SB0397A045 G-2-38 5,010.99 1,252.75 62.64 FAREASTFUND SB0397B062 G-2-39 90,574.30 22,643.58 1 '132.18 FAREASTFUND SB0397A045 G-2-39 157,891 .76 39,472.94 1,973.65

UNILEVER PHILS

SB0397A045 G-2-43 13,084 .75 3,271.19 163.56

ASTEC POWER

SB0397A027 G-2-43 5,316.17 1,329.04 66.45

FEB INVESTMENTS INC

SB0397A027 G-2-43 15,343.19 3, 835.80 191 .79

BLUE FUND

SB0397A027 G-2-43 5,345.22 1,336.31 66.82

FEB INVESTMENTS INC

SB0397A03~ G-2-43 3,398.34 849.59 42.48 ·- ,.

JOHNSON /TERESITA LEE

SB0397A027 . G-2-44 5,228.83 1,307.21 65.36

TIG TA 101 -00089

SB0397A045 G-2-44 863.07 215.77 10.79

TBG VTA

SB0397A045 G-2-45 22,158.86 5,539.72 276.99

JG SUMMIT PETROCHEMICAL CORP

SB0397A027 G-2-45 14,401 .99 3,600.50 180.02

GOVERNMENT SERVICE INSURANCE

SB0397A027 G-2-45 :<5,767.19 6,691 .80 334.59 18 GIMENEZ SEC. INC.

SB0396L508 G-2-46 12,680.33 3,170.08 158.50

FIDELITY MAGELLAN MUTUAL MGT

SB0396L508 G-2-46 12,680.33 3,170.08 158.50

FIDELITY MAGELLAN MUTUAL MGT

SB0396L508 G-2-46 1,598.01 399.50 19.98 5 of 27 ..

YANGWU MEl SB0397A027 G-2-47 ..

12,448.17 3,112.04 155.60

GE PHILS

SB0397A018 G-2-47 5,662.66 1,415.67 70.78

FEB INVESTMENTS INC

SB0397A027 G-2-49 97,388.55 24 ,347.14 1,217.36

BANCO DE ORO FOR VARIOUS ACCTS

SB0396L508 G-2-51 8,846.57 2,211 .64 110.58

FEB EXCHANGE INC

SB0397A045 G-2-52 50,863.20 12,715.80 635.79

GLORIA NAVARRO

SB0397A027 G-2-54 1,161 .89 290.47 14.52

JAY VELASCO

SB0397A027 G-2-54 1,608.30 402 .08 20.10

JUAN/LOURDES DAVID

SB0397A027 G-2-55 3,057.61 764.40 38.22

GREGORIO CAPULONG

SB0397A027 G-2-55 5,644 .34 1,411 .09 70.55

SPANDEX MKTG CORP

SB0397A027 G-2-56 6,402.63 1,600.66 80.03 MA. SOCORRO/RENA TO ASUNCION SB0397A027 G-2-56 3,057.60 764.40 38.22

SPANDEX MKTG CORP

SB0397A027 G-2-56 5,334.07 1,333.52 66.68

MADERA ANANIAS

SB0397A045 G-2-56 7,328 .05 1,832 .01 91 .60

WILLIAM LIMSIONG

SB0397A027 G-2-56 5,864.88 1,466.22 73.31

GLORIA PINGA

SB0397A027 G-2-57 2,022.44 505.61 25.28

ROBERT SY

SB0397A027 G-2-57 531 .64 132.91 6.65

TOSHIBA ELECTRONICS PHILS

SB0397A027 G-2-58 10,885.38 2,721 .35 136.07

REYNOLDS PHILS CORP

SB0397A018 G-2-58 486.98 121 .75 6.09 TRINIDAD, ELVIRA/SIMPLICIO SB0396L508 G-2-59 683.39 170.85 8.54

KANNAWIDAN INC

SB0397A027 G-2-59 1,276.28 319.07 15.95

TIG TA 101-00148

SB0397A045 G-2-60 2,675 74 668.94 33.45

TIG TA 116-00032

SB0397A045 G-2-60 3,540.27 885.07 44.25

TIG TA 201-00070

SB0397A045 G-2-60 676.18 169.05 8.45

TIG TA 201-00120

SB0397A045 G-2-61 1,497.25 374.31 18.72

TIG TA 281-00025

SB0397A045 G-2-61 521 .62 130.41 6.52 TBGVTA SB0397A045 G-2-61 61 ,454.94 15,363.74 768.19 AIHI FORGING CO. OF ASIA SB0397A045 G-2-61 9,193.85 2,298.46 114.92

UNILEVER PRC

SB0397A036 G-2-63 58,18808 14,547.02 727.35

TIG TA 181-00191

BL0396L513 G-2-66 988.06 247.02 12.35

TIG TA 181-00368

BL0396L513 G-2-67 . ~ . 656 65 664.16 33.21

TIG TA 181 -00373

BL0396L513 G-2-67 766.24 191 .56 9.58

UBP TISG

SB0397A045 G-2-67 10,218.70 2,554.68 127.73

TIG TA 101 -00050

SB0397A045 G-2-67 1,393.13 348.28 17.41

TIG TA 201-00084

SB0397A045 G-2-67 8,353.76 2,088.44 104.42

TIG TA 101-00137

SB0397A045 G-2-68 1,880.72 470.18 23.51

TBG VTA

SB0397A045 G-2-68 7,662 .18 1,915.55 95 .78

WALLEM PHIL SHIPPING

BL0396L489 G-2-70 18,88166 4,720.42 236 02

ASTEC POWER

SB0397A045 G-2-70 8,259.68 2,064.92 103.25

GOVERNMENT SERVICE INSURANCE

\, .,.G-2-70 SB0397A045 4,893.79 1,223.45 61 .17

UBP FAO SHANGRILA

SB0397A045 G-2-72 7,114.24 1,778.56 88.93

YUK YIN GARCIA

SB03978080 G-2-74 4,289 38 1,072.35 53.62

FEB INVESTMENTS INC

SB0397A027 G-2-74 13,101 .96 3,275.49 163.77

FEB INVESTMENTS INC

SB0397A027 G-2-75 4,711 .95 1,177.99 58.90

FEB INVESTMENTS INC

SB0397A027 G-2-75 224.41 56.10 2.81 SALAS, BENJAMIN/LYDIA SB0397A036 G-2-76 2,991.46 747 .87 37.39

CORAZON LOZADA/JAIME DEE

SB0397A0:(.7 G-2-77 3,658 .32 914 .58 45.73 6 of 27 ~ c· ., :., q '"' ~i .j .i

VIRGINIA CHUA LIM

SB0397A018 G-2-78 1,039.27 259.82 12.99 •I

FIDEUJOVITA DE JESUS

SB0397A027 G-2-78 5,111.79 1,277.95 63.90 , I

FRUMENCIO LAGUSTAN

SB0397A027 G-2-78 2,352.90 588.23 29.41

FRUMENCIO LAGUSTAN

SB0397A027 G-2-79 1,240.99 310.25 15.51

LYDIA CHUA/ EMMA CO

SB0397A018 G-2-79 2,839.00 709.75 35.49 ALCANTARA BL0396L504 G-2-79 3,635.94 908 99 45.45

IBM PHILIPPINES

SB0397A045 G-2-83 82,251 .83 20,562.96 1,028.15

DIGITAL TELECOMMUNICATIONS INC

SB0397A018 G-2-87 1,618.80 404.70 20.24

DAVID/FELISA GAN

SB0397A018 G-2-87 1,243.60 310.90 15.55

TIG TA 101 -00151

SB0397A027 G-2-88 6,068.49 1,517.12 75.86 TBGVTA SB0397A027 G-2-88 3,582.75 895.69 44.78

UNILEVER PHILS

SB0397A045 G-2-90 59,090.77 14,772.69 738.63

ALMAZAN ELVIRA

SB0397A054 G-2-100 4,535.39 1 '133.85 56.69

EPIFANIO GO

BL0396L489

G-2-1 00

420.90 105.23 5.26

TBG VTA

SB0397A027 G-2-101 1,343.03 335.76 16.79

UBP FAO SHANGRILA

SB0397A027 G-2-105 4,989.58 1,247.40 62.37

UBP FAO SHANGRILA

SB0397A027 G-2-105 ),707.46 2,426.87 121 .34

EDSA LRT

SB0397A045 G-2-107 12,362.56 3,090.64 154.53

UNILEVER PHILS

SB0397B071 G-2-108 40,556.88 10,139.22 506.96 IB GIMENEZ SEC. INC.

SB0397A027 G-2-109 2,309.46 577.37 28.87

TIG TA 101 -00138

SB0397A027 G-2-110 1,563.54 390.89 19.54 TBGVTA SB0397A027

G-2-11 0

7,846.28 1,961.57 98.08

WYETH PHILS

SB0397A045 G-2-111 7,086.25 1,771.56 88.58

GUOCO HOLDINGS

SB03978080 G-2-112 8,119.40 2,029.85 101.49

WALLEM PHIL SHIPPING

SB0397A027 G-2-112 4,909.14 ~ 1,227.29 61 .36

KIMBERLY CLARK

SB0397B080 G-2-112 2,072.80 518.20 25.91

FEB INVESTMENTS INC

SB0397A027 G-2-113 59,943.88 14,985.97 749.30

FEB INVESTMENTS INC

SB0397A027 G-2-113 13,210.01 3,302.50 165.13

FEB INVESTMENTS INC

SB0397A045 G-2-113 231,970.14 57,992.54 2,899.63

FEB INVESTMENTS INC

SB0397B080 G-2-113 10,040.37 2,510.09 125.50

FEB INVESTMENTS INC

BL0396L489 G-2-113 798.70 199.68 9.98

TIG TA 101-00135

SB0397A045 G-2-115 2,442.87 610.72 30.54

TIG TA 281 -00121

SB0397A045 G-2-115 985.84 246.46 12.32

PILIPINAS SHELL PETROLEUM

SB0397B071 G-2-115 1:'5,853.18 21 ,463.30 1,073.16

PILIPINAS SHELL PETROLEUM

SB0397A045 G-2-115 26,177.23 6,544 .31 327.22

TIG TA 101-00117

SB0397A045 G-2-116 525.54 131 .39 6.57

PILIPINAS SHELL PETROLEUM

BL 1297B078

G-2-116 144,835.11 36,208.78 1,810.44 IB GIMENEZ SEC. INC.

SB0397AOf7 G-2-116 1,847.55 461 .89 23.09

TBG VTA

SB0397 A045"' G-2-116

11 ,224.88 2,806.22 140.31

FORTUNE GUARANTEE

SB0397A027 G-2-117 3,865.76 966.44 48.32

FORTUNE MEDICARE

SB0397A027 G-2-117 3,869.58 967.40 48.37

FEB LEASING & FINANCE CORP

SB0397A045 G-2-188 14,365.90 3,591.48 179.57 BLUEFUND SB0697A020 G-2-188 412,908.00 103,227.00 5,161 .35 BLUEFUND SB0697A020 G-2-188 624 ,444.08 156,111 .02 7,805.55 BLUEFUND SB0697A020 G-2-188 67,741 .56 16,935.39 846.77 BLUEFUND SB0697A020 G-2-188 33,860.99 8,465.25 423.26 7 of 27 14 J:..

FEB LEASING & FINANCE CORP

FEB EXCHANGE INC

BLUEFUND BLUEFUND BLUEFUND TOTAL MARCH

IBM PHILIPPINES

UBP FAO SHANGRILA

BLUEFUND BLUEFUND BLUEFUND BLUEFUND

GS FUND

FEB INVESTMENTS

0016-0046

DOMINADOR F MARTE

TIG TA 101-00048

TIG TA 101-00142

GOVERNMENT SERVICE INSURANCE

TIG TA 201-00044

TBG VTA

TIG TA 2201-00136

SAMSUNG MABUHAY CORP.

TBG VTA

FEB INVESTMENTS

FEB INVESTMENTS

CARMEN/DOMINGA ASUNCION

SANDY/ANTONIO LIQUETE

LUCITO DE JESUS

GEORGEI/LYDIA FELICIANO

WYETH PHILS

RFM SNACKS

ROBINSONS LAND CORP

HUNTS-URC

MADRIGAL WAN-HI LINES

UNILEVER PHILS

2100-01794-2 SBO0396L492 $B0397A0236 SB0397B062 SB0397B062 $B0397A036 ISIN. NO.

$B0397A045 $B0397A045 §B0697A020 PISB0397A0 PISBO397A0 SB0396L508 PISBO397A0 BLO396L489 §$B0397A036 §$B0397A027 §$B0397A027 $B0397A027 BLO697B089 §B0397A027 §$B0397A027 PIBLO696K4 PIBLO696K4 PIBLO696K4 BLO396L489 PISBO397A0 SB0396L508 $B0396L492 SB0397AQ36 SB0396L492° SB0397A045 SB0397A045 SB0397A027 $B0397A027 PISBO397A0 PISBO397A0 6A-J-04 G-2-119 G-2-120 G-2-120 G-2-120 G-2-120 EXHIBIT G-3-2 G-3-2 G-3-7 G-3-7 G-3-7 G-3-8 G-3-8 G-3-8 G-3-9 G-3-9 G-3-10 G-3-10 G-3-10 G-3-11 G-3-11 G-3-11 G-3-11 G-3-11 G-3-13 G-3-13 G-3-13 G-3-15 G-3-15 G-3-15 G-3-19 G-3-22 G-3-22 G-3-23 G-3-23 G-3-24 G-3-24 7,501.12 96,278.28 182,012.52 94,866.28 62,558.56 P 4,134,738.05 INTEREST INCOME 30,072.80 752.00 423,558.33 164,770.86 32,113.16 645.63 2,440.23 1,031.27 2,327.09 141.26 199.57 114.93 26,626.43 144.19 1,727.13 620.46 10,428.91 670.48 93.90 1,411.81 990.36 604.96 604.96 361.67 58,953.57 1,044.35 3,035.18 2,040.23 232.55 5,212.39 592.14 14).

P 1,875.28 24,069.57 45,503.13 23,716.57 15,639.64 1,033,684.51

FINAL TAX

7,518.20 188.00 105,889.58 41,192.72 8,028.29 161.41 610.06 257.82 581.77 35.32 49.89 28.73 6,656.61 36.05 431.78 155.12 2,607.23 167.62 23.48 352.95 247.59 151.24 151.24 90.42 14,738.39 261.09 758.80 510.06 58.14 1,303.10 148.04 93.76 1,203.48 2,275.16 1,185.83 781.98 _ 51,684.23 GROSS RECEIPTS TAX 375.91 9.40 §,294.48 2,059.64 401.41 8.07 30.50 12.89 29.09 1.77 2.49 1.44 332.83 1.80 21.59 7.76 130.36 8.38 1.17 17.65 12.38 7,56 7.56 4.52 736.92 13.05 37.94 25.50 2.91 65.15 7.40 8 of 27

FEB INVESTMENTS

FAREASTFUND

MERJE TRADING CO

GOVERNMENT SERVICE INSURANCE

ENGR. BENITO VISAYA

TIG TA 201-00026

WALLEM PHIL SHIPPING

UNILEVER PHILS

MANILA MIDTOWN HOTEL

PILIPINAS MAKRO INC

KURODA HOYO PHILS

PCIB SA 4083-08204-3

BLUEFUND BLUEFUND BLUEFUND MENDOZA, MA LINDA

MAGSAYSAY MANPOWER

KEPPEL IVI INVESTMENTS

WYETH PHILS

SM INC

HEALTH & BEAUTY CENTER

INTERNATIONAL TOY WORLD

HOME WORLD SHOPPING

ASTEC POWER

FEB EXCHANGE INC

FEB EQUITIES INC

FEB INVESTMENTS

FEBTC FAO BASIC PETROLEUM

TOPY INDUSTRIES

MANILA MIDTOWN HOTEL

GUOCO HOLDINGS

MANILA MIDTOWN HOTEL

GUOCO HOLDINGS

ROBINSONS VENTURE CORP

GUOCO HOLDINGS

RFM PROPERTIES & HOLDINGS

CENTENNIAL CITY

FEB EQUITIES INC

GMA NETWORK INC.

KSA REALTY CORP.

JG SUMMIT PETROCHEMICAL CORP

KIMBERLY CLARK

MANILA ELECTRIC COMPANY

AYALA HOTELS, INC.

CALTEX PHILS INC

TIG TA 201-00164

267, BL1296L514 PISB0397A0 SB0396L508 SB0397A054 $B0397A027 PISBO397A0 SB0397A045 $B0397B099 $B0397A027 SB0397A054 SB0397A045 SB0397A045 SB0697A020 SB0697A020 SB0697A020 $B0397A027 $B0397A027 $B0397B062 SB0397B062 $B0397B062 SB0397A054 SB0397A054 SB0397B062 SBO3996L492 $B0397A045 SB0697A020 $B0397A045 $B0397A027 $B0397A045 $B0397B062 $B0397B099 PIBLO696K4 $B0397B099 PIBLO696K4 $B0397B099 $B0397A027 $B0397B099 SB0397A087

SB0397A054 ~

SB0397B099 $B0397A027 SB0397A045 SB0397A054 $B0397B062 SB0397B062 $B0397A027 G-3-24 G-3-25 G-3-26 G-3-26 G-3-26 G-3-26 G-3-27 G-3-28 G-3-28 G-3-28 G-3-29 G-3-29 G-3-30 G-3-30 G-3-30 G-3-31 G-3-31 G-3-31 G-3-32 G-3-32 G-3-33 G-3-33 G-3-34 G-3-34 G-3-34 G-3-35 G-3-35 G-3-36 G-3-36 G-3-36 G-3-37 G-3-37 G-3-37 G-3-37 G-3-37 G-3-38 G-3-38 G-3-39 G-3-39 G-3-40 G-3-40 G-3-41 G-3-41 G-3-41 G-3-41 G-3-42 143.

2,283.90 3,648.41 703.96 28,949.10 251.97 1,412.59 7,912.76 17,720.96 1,632.85 3,851.96 23,544.66 7,872.55 105,798.92 203,684.41 244,367.31 708.53 1,157.98 37,425.95 3,436.81 93,519.85 2,060.92 4,240.40 21,317.59 5,473.37 10,261.96 8,468.60 1,013.05 177,096.08 9,236.31 2,840.02 22,972.41 5,568.46 22,972.41 6,308.16 18,378.11 5,107.71 67,192.09 1,484.63 161,649.76 66,723.83 1,539.88 17,161.06 73,567.66 18,952.62 19,064.68 4,205.71 tee *» 570.98 912.10 175.99 7,237.28 62.99 353.15 1,978.19 4,430.24 408.21 962.99 5,886.17 1,968.14 26,449.73 50,921.10 61,091.83 177.13 289.50 9,356.49 859.20 23,379.96 515.23 1,060.10 5,329.40 1,368.34 2,565.49 2,117.15 253.26 44,274.02 2,309.08 710.01 5,743.10 1,392.12 5,743.10 1,577.04 4,594.53 1,276.93 16,798.02 371.16 40,412.44 16,680.96 384.97 4,290.27 19,891.92 4,738.16 4,766.17 1,051.43 28.55 45.61 8.80 361.86 3.15 17.66 98.91 221.51 20.41 48.15 294.31 98.41 1,322.49 2,546.06 3,054.59 8.86 14.47 467.82 42.96 1,169.00 25.76 53.01 266.47 68.42 128.27 105.86 12.66 2,213.70 115.45 35.50 287.16 69.61 287.16 78 85 229.73 63.85 839.90 18 56 2,020.62 834.05 19.25 214.51 994.60 236.91 238.31 52.57 9 of 27

SHOWA POLYMER PROCESS

SHOWA POLYMER PROCESS

BLUEFUND MANILA SOUTHERN ASSOC.

MAJOR SHOPPING CENTER

MERCANTILE INSURANCE CO

FEDERAL PHOENIX

EQUITABLE INSURANCE

ROASTERS PHIL

DIRECTORIES PHILS

TIG TA 101-00002

KEPPEL IVI INVESTMENTS

CCC INSURANCE CO.

BANK OF SOUTHEAST ASIA

PILIPINAS SHELL PETROLEUM CORP.

CALTEX PHILS INC

CITYSTATE INSURANCE CORP

ISABELITA/JOSE GLIANE

UNITED PACIFIC CAPITAL CORP

ORIENTAL ASSURANCE

UNILEVER PRC

ORIENTAL ASSURANCE

FAMILY FUND It

EQUITABLE INSURANCE

FORTUNE GUARANTEE & INSURANCE COR

FAREASTFUND BLUEFUND BLUEFUND BLUEFUND

FEB INVESTMENTS

FAREASTFUND

CIBELES INSURANCE

WISLON TAN

PHILKO PEROXIDE CORP

AGOJO, MANOLO OR NORMA

MANILA ELECTRIC COMPANY

TIG TA 201-00164

BAYER PHILS INC

EDSA LRT DEVT CORP

CALTEX PHILS INC

CALTEX PHILS INC

UNILEVER PRC

FAREASTFUND BLUEFUND

GOVERNMENT SERVICE INSURANCE

VINTAGE ENTERPRISES

$B0397B080 $B0397B080 SB0397A027 SB0697A020 SB0697A020 SB0697A020 SB0697A020 SB0697A020 $B0397A054 $B0397A054 SB0697A020 SB0697A020 SB0697A020 $B0697A020 $B0397B080 $B0397B080 $B0397B062 $B0697A020 6A-I-08 SB0697A020 $B0397B080 SB0697A020 $B0397A045 $B0397A054 PIBLO696K4 $B0697A020 $B0397B071 SB0397A045 SB0397A045 SB0396L508 $B0396C105 SB0697A020 SB0397A027 SB0397A027 SB0397A027

’ §$B0397B062

SB0397A045

$B0397A01 8

$B0397B062 *

PSIBO397A0 SB0397A045 SBO0697A020 SB0697A020 SB0697A020 PSIBO397A0 $B0397A018 - G-3-43 G-3-43 G-3-44 G-3-51 G-3-51 G-3-52 G-3-53 G-3-53 G-3-53 G-3-53 G-3-54 G-3-54 G-3-55 G-3-56 G-3-57 G-3-57 G-3-57 G-3-58 G-3-58 G-3-60 G-3-60 G-3-60 G-3-61 G-3-61 G-3-61 G-3-61 G-3-61 G-3-62 G-3-62 G-3-62 G-3-62 G-3-62 G-3-62 G-3-62 G-3-62 G-3-63 G-3-63 G-3-63 G-3-64 G-3-64 G-3-64 G-3-66 G-3-66 G-3-66 G-3-67 G-3-68 143:

2,546.97 2,546.97 13,798.81 20,394.06 59,719.00 2,835.66 23,294.94 11,399.35 4,546.95 40,148.54 808.16 16,313.55 6,110.84 62,095.28 14,812.16 671.73 14,834.47 672.06 6,922.26 28,356.59 8,883.91 8,640.26 1,923.17 13,241.94 2,714.95 7,169.40 253,347.72 43,514.68 14,091.00 3,973.00 137,005.48 (5,307.61) 3,357.75 228.61 771.81 11,656.13 12,558.91 2,916.12 14,304.83 9,937.28 2,128.88 74,289.03 3,288.08 4,782.60 15,055.36 1,487.11 ° 636.74 636.74 3,449.70 5,098.52 14,929.75 708.92 5,823.74 2,849.84 1,136.74 10,037.14 202.04 4,078.39 1,527.71 15,523.82 3,703.04 167.93 3,708.62 168.02 1,730.57 7,089.15 2,220.98 2,160.07 480.79 3,310.49 678.74 1,792.35 63,336.93 10,878.67 3,522.75 993.25 34,251.37 (1,326.90) 839.44 57.15 192.95 2,914.03 3,139.73 729.03 3,576.21 2,484.32 $32.22 18,572.26 822.02 1,195.65 3,763.84 371.78 31.84 31.84 172.49 254.93 746.49 35.45 291.19 142.49 56.84 501.86 10.10 203.92 76.39 776,19 185.15 8.40 185.43 8.40 86.53 354.46 111.05 108.00 24.04 165.52 33.94 89.62 3,166.85 543.93 176.14 49.66 1,712.57 (66.35) 41.97 2.86 9.65 145.70 156,99 36.45 178.81 124.22 26.61 928.61 41.10 59.78 188.19 18.59 10 of 27 P.H. TING SB0397A027 G-3-68 887.45 221 .86 11 .09

TIG TA 101 -00007

SB0397A054 G-3-69 629.16 157.29 7.86

TIG TA 101-00148

SB0397A054 G-3-69 1,425.81 356.45 17.82

TIG TA 101-00164

SB0397A054 G-3-70 408.54 102.14 5.11 TBGVTA SB0397A054 G-3-70 7,423.17 1,855.79 92.79

ORIENTAL PETROLEUM & MINERALS

SB0397A045 G-3-72 395.15 98.79 4.94

FEB INVESTMENTS

SB0397A027 G-3-73 18,246.87 4,561 .72 228.09

TIG TA 201-00128

SB0397B080 G-3-74 649.80 162.45 8.12 TBGVTA SB0397B080 G-3-74 12,608.99 3,152.25 157.61

TBG VTA

SB0397A045 G-3-74 3,911 .38 977.85 48.89

SM PRIME HOLDINGS

SB0397C114 G-3-74 105,847.51 26,461 .88 1,323.09

HUNTS URC

PSIB0397AO G-3-78 793.97 198.49 9.92

MANILA MIDTOWN HOTEL

SB0397A045 G-3-78 793.96 198.49 9.92

FIRST FAR EAST DEVL T CORP

SB0397A054 G-3-79 601,512.72 150,378.18 7,518.91

FIRST FAR EAST DEVL T CORP

SB0697A020 G-3-79 288,677.70 72,169.43 3,608.47 FAREASTFUND SB0397C105 G-3-80 47,521 .06 11 ,880.27 594 .01

FEBTC FAO BASIC PETROLEUM

SB0697A020 G-3-80 16,145.51 4,036.38 201 .82

FEBTC FAO BASIC PETROLEUM

SB0697A020 G-3-80 21 ,954.69 5,488.67 274.43

FEB INVESTMENTS

SB0397A045 G-3-83 120,237.62 30,059.41 1,502.97

BLUE FUND

SB0697A020 G-3-83 29,378.21 7,344.55 367.23

BZW SECURITIES INC

PIBL0696K4 G-3-87 6,896.18 1,724.05 86.20

ANDREW LAGMAY

BL0696L507 G-3-87 752.00 188.00 9.40

GOVERNMENT SERVICE INSURANCE

SB0397A054 G-3-88 9,732.13 2,433.03 121 .65

SEABOARD EASTERN INSURANCE

SB0397A054 G-3-89 4,581 .92 1,145.48 57.27

UBP TA 4-105-96

SB0397A054 G-3-90 69,211 .60 17,302.90 865.15

TIG TA 201-00132

SB0397B080 G-3-92 29.30 7.33 0.37

TBG VTA

SB0397B080 G-3-92 191 .72 47.93 2.40 UBPTISG SB0397B080 G-3-93 7,680.55 1,920.14 96.01

DULCE FERNANDEZ

SB0397A054 G-3-94 285,104.57 71,276.14 3,563.81

FEBTC FAO BACNOTAN

SB0397B062 G-3-94 8,013.61 2,003.40 100.17

FEBTC FAO BACNOTAN

SB0397A045 G-3-95 261 ,546.89 65,386.72 3,269.34 FAREASTFUND SB0397B071 G-3-95 304 ,832.97 76,208.24 3,810.41 FAREASTFUND SB0397C105 G-3-95 4,765.11 1,191 .28 59.56

FEB EQUITIES FUND

SB0697A020 G-3-96 1,300.98 325.25 16.26

BLUE FUND

SB0397A054 G-3-102 2,674.43 668.61 33.43

TOSHIBA ELECTRONICS

SB0397A045 G-3-103 9,003.98 2,251 .00 112.55

TIG TA 116-00003

SB0397B080 G-3-103 ,546.16 136.54 6.83

TIG TA 181-00231

SB0397B080 G-3-103 5,642.47 1,410.62 70.53

TIG TA 181-00290

SB0397B080 G-3-103 1,553.62 388.41 19.42

TBG VTA

SB0397B080 G-3-103 1,808.25 452.06 22.60

KIDEN DEVL T CORP

SB0397B080 G-3-103 1,089.89 272.47 13.62

CONGLOMERATE SECURITIES

SB0397A027 G-3-105 3,522.44 880.61 44.03

GS FUND

SB0397A054 G-3-105 4,235.78 1,058.95 52.95

ASTEC POWER

SB0397A054

G-3-1 06

36,926.63 9,231 .66 461 .58

FEB EQUITIES FUND

SB0397A045 G-3-106 1,797.01 449.25 22.46

TIG TA 201 -00144

PIBL0696K4 G-3-111 898.19 224.55 11 .23 11 of 27 TBGVTA PIBL0696K4 G-3-111 2,936.63 734.16 36.71

CARITAS MANILA

PIBL0696K4 G-3-114 7,649.75 1,912.44 95.62

FIRST FAR EAST DEVL T CORP

SB0397A054 G-3-115 48,376.31 12,094.08 604.70

UNILEVER PHILS

SB0697A020 G-3-116 38,565.63 9,641.41 482.07

FEB INVESTMENTS

SB0397A027 G-3-117 33,955.63 8,488.91 424.45 BLUEFUND SB0697A020 G-3-117 18,421.44 4,605.36 230.27 ALFRED ANG/JEANNE ANG . SB0397A054 G-3-117 (4, 166.48) (1 ,041 .62) (52.08) BLUEFUND SB0397C114 G-3-117 (153,202.58) (38,300.65) (1 ,915.03) BLUEFUND SB0697A020 G-3-117 (1 07,270.27) (26,817.57) (1 ,340.88)

BLUE FUND

SB0397A027 G-3-117 (36, 179.06) (9,044.77) (452.24)

BLUE FUND

SB0397A027 G-3-118 (26,483.04) (6,620.76) (331 .04) BLUEFUND SB0397A027 G-3-118 (100,885.95) (25,221.49) (1,261 .07)

BLUE FUND

SB0397A027 G-3-118 (7,447.43) (1 ,861 .86) (93.09)

FEBTC FAO BASIC PETROLEUM

SB0397A027 G-3-119 5,797.70 1,449.43 72.47

FEBTC FAO RFM STOCK

SB0397A027 G-3-119 15,647.43 3,911 .86 195.59

MANILA ELECTRIC COMPANY

SB0397A054 G-3-119 10,466.70 2,616.68 130.83

SMC SHIPPING

SB0397B062 G-3-120 6,363.78 1,590.95 79.55

TIG TA 181-00123

SB0397B080 G-3-122 275.16 68.79 3.44

FEB INFORMATION

SB0397A054 G-3-122 73,922.42 18,480.61 924.03 FAREASTFUND SB0397A045 G-3-123 175,879.51 43,969.88 2,198.49 FAREASTFUND SB1297C115 G-3-123 77,871 .61 19,467.90 973.40

ANTONIO NAGUIT

BL0696L516 G-3-125 1,026.83 256.71 12.84

PGA YASUDA INSURANCE

SB0397A054 G-3-127 7,835.14 1,958.79 97.94

NORTHWEST INSURANCE

SB0397A054 G-3-128 10,967.53 2,741 .88 137.09

EQUITABLE INSURANCE

SB0397B062 G-3-132 5,288.26 1,322.07 66.10

FEB LEASING & LEASING

SB0397A045 G-3-135 43,166.98 10,791 .75 539.59

FEB LEASING & FINANCE CORP

SB0397A045 G-3-135 43,166.98 10,791 .75 539.59

MANILA INSURANCE INC

SB0397A054 G-3-135 3,807.16 951 .79 47.59

TIG TA 201-00026

SB0397A054 G-3-137 2,109.17 527.29 26.36 TBGVTA SB0397A054 G-3-137 27,647.62 6,911 .91 345.60

TIG TA 101-00006

SB03978080 G-3-137 1,411.21 352.80 17.64

TIG TA 101-00132

SB0397B080 G-3-137 1,234.81 308.70 15.44

TIG TA 101-00153

SB0397B080 G-3-137 774.63 193.66 9.68

TIG TA 116-00004

SB0397B080 G-3-138 3,443.68 860.92 43.05

TIG TA 116-00005

SB0397B080 G-3-138 859.01 214.75 10.74

TIG TA 116-00006

SB0397B080 G-3-138 2,392.94 598.24 29.91

TIG TA 116-00007

S80397B060 G-3-138 7,754.04 1,938.51 96.93

TIG TA 116-00081

SB0397B080 G-3-138 11 ;266.74 2,816.69 140.83

TIG TA 181-00008

SB03978080 G-3-138 58,189.78 14,547.45 727.37

TIG TA 181-00375

SB03978080 G-3-139 3,075.54 768.89 38.44

TIG TA 181 -00377

SB0397B080 G-3-139 5,154.01 1,288.50 64.43

TIG TA 201-00132

SB0397B080 · G-3-139

7,838.40 1,959.60 97.98

TIG TA 201-00164

SB03978080 G-3-139 1,549.28 387.32 19.37

TIG TA 202-00039

SB0397B080 G-3-139 5,154.01 1,288.50 64.43

TIG TA 201-00132

SB0397B080 G-3-139 7,838.40 1,959.60 97.98

TIG TA 201-00164

SB03978080 G-3-139 1,549.28 387.32 19.37 12 of 27

TIG TA 202-00039

SB0397B080 G-3-139 5,269.06 1,317.27 65.86

TIG TA 220-00300

SB0397B080

G-3-1 40

4,417.73 1,104.43 55.22

ERLINDA SANTIAGO

SB0397C114 G-3-140 4,136.42 1,034.11 51 .71

TIG TA 220-00301

SB0397B080 G-3-140 6,603.59 1,650.90 82.54

TIG T A 220-00303

SB03978080 G-3-140 2,638.36 659.59 32.98 TBGVTA SB0397B080 G-3-140 253,681.96 63,420.49 3,171 .02

ASTEC POWER

SB0397A027 G-3-141 45,413.12 11,353.28 567.66

FEBTC FAO LORENZO SHIPPING

BL0696K465 G-3-143 .3,255.03 2,063.76 103.19

MANILA MIDTOWN HOTEL

SB0397B062 G-3-144 11 ,086.25 2,771 .56 138.58

SOUTH CHINA PETROLEUM

SB0397A054 G-3-144 7,932.71 1,983.18 99.16

KSA REALTY CORP

SB0397B071 G-3-145 110,444.81 27,611 .20 1,380.56

KSA REALTY CORP

SB0397B071 G-3-145 28,290.31 7,072.58 353.63

KAZUHIKO NAKAYAMA

PISB0397AO G-3-145 3,500.14 875.04 43.75

GUOCO CERAMICS

SB0397A045 G-3-146 33,086.77 8,271 .69 413.58

TIG TA 101 -00122

SB0397A054 G-3-147 2,045.74 511.44 25.57

TIG TA 101 -00137

SB0397A054 G-3-147 1,736.61 434.15 21 .71

TIG TA 101 -00138

SB0397A054

G-3-1 47

3,282.28 820.57 41 .03

TBG VTA

SB0397A054 G-3-147 4,273.32 1,068.33 53.42

TIG TA 281-00002

SB0397B080 G-3-148 2,780.80 695.20 34.76

TIG TA 181 -00003

SB0397B080 G-3-148 2,794.91 698.73 34.94

TIG TA 181 -00191

SB0397B080 G-3-148 1,397.46 349.37 17.47

TIG TA 201-00084

SB0397B080 G-3-148 13,416.98 3,354.25 167.71

TIG TA 201 -00020

SB0397B080 G-3-148 1,228.07 307.02 15.35

TIG TA 181-00132

SB0397B080 G-3-148 917.51 229.38 11.47

TIG TA 101-00152

SB0397B080 G-3-148 1,383.34 345.84 17.29

TIG TA 181-00281

SB0397B099 G-3-148 3,253.67 813.42 40.67

TIG TA 181-00373

SB0397B080

G-3-1 48

1,136.32 284.08 14.20

TIG TA 101-00014

SB0397B080 G-3-149 5,893.31 1,473.33 73.67

TIG TA 181 -00368

SB0397B080 G-3-149 3,761 .83 940.46 47.02

TBG VTA

SB0397B080 G-3-149 10,487.98 2,622.00 131 .10

FEB LEASING

PISB0397AO G-3-149 25,785.30 6,446.33 322.32 TOTAL p 6,572,210.12 p 1,643,052.53 p 82,152.63 APRIL GROSS INTEREST RECEIPTS ISIN NO.

EXHIBIT INCOME

FINAL TAX

TAX

FE8TC FAO LORENZO SHIPPING

SB03978080 G-4-1 270.25 67.56 3.38

AMALGAMATED SPECIAL TIES

8803978062 G-4-1 1,016.54 254.14 12.71 BPI SB0397B080 G-4-1 6,963.63 1,740.91 87.05

MANILA ELECTRIC CO

SB0397A054 G-4-2 4,625.08 1,156.27 57.81

MANILA ELECTRIC CO

SB0397A054 G-4-2 9,095.25 2,273.81 113.69 13 of 27

14 JJ

MANILA ELECTRIC CO

SB0397A054 G-4-2 7,571.75 1,892.94 94.65

FORTUNE GUARANTEE

SB0397B080 G-4-3 305.16 76.29 3.81

FORTUNE MEDICARE

SB0397B080 G-4-3 305.45 76.36 3.82

·FEB EXCHANGE INC

SB0397B080 G-4-4 6,650.17 1,662.54 83.13

FEB INVESTMENTS

SB0397A018 G-4-4 3,196.38 799.10 39.95

GOVERNMENT SERVICE INSURANCE

SB0697A020 G-4-14 8,847.58 2,211 .90 110.59 TBGVTA SB0397C114 G-4-15 419.06 104.77 5.24

MANILA ELECTRIC CO

SB0397A054 G-4-16 20,457.49 5,114.37 255.72

MANILA ELECTRIC CO

BIBL0696K4 G-4-16 285.23 71.31 3.57

ROBINSONS LAND CORP

SB0397A045 G-4-16 956.00 239.00 11 .95

MANILA INSURANCE CO

SB0397B062 G-4-17 276.53 69.13 3.46

KNIGHTS OF COLUMBUS

SB0397B062 G-4-17 168.68 42.17 2.11

FEB EXCHANGE INC

SB0697A020 G-4-18 14,174.41 3,543.60 177.18

FEB EXCHANGE INC

SB0697A020 G-4-18 11 ,454.64 2,863.66 143.18

FEB INVESTMENTS

SB0697A027 G-4-18 7,982.98 1,995.75 99.79

FEB INVESTMENTS

6A-I-08 G-4-18 3,150.21 787.55 39.38 FAREASTFUND SB0397A045 G-4-18 1,906.33 476.58 23.83 FAREASTFUND SB0397A045 G-4-18 14,552.98 3,638.25 181 .91

PACIFIC UNION INSURANCE

SB0697A027 G-4-22 1,606.85 401 .71 20.09 BLUEFUND PISB0397AO G-4-22 4,742.39 1,185.60 59.28

FEB INVESTMENTS

SB0697A027 G-4-23 1,185.48 296.37 14.82

KIMBERLY CLARK

SB0397A045 G-4-23 13,669.85 3,417.46 170.87

MAGSAYSAY MANPOWER

SB0397A045 G-4-24 4,076.41 1,019.10 50.96

ROBINSONS LAND CORP

SB0397A045 G-4-25 18,404.83 4,601 .21 230.06

FEB INVESTMENTS

SB0697A027 G-4-25 11,440.48 2,860.12 143.01

FEB INVESTMENTS

SB0697A027 G-4-27 2,136.19 534.05 26.70

GUOCO CERAMICS

SB0397A045 G-4-28 20,376.20 5,094.05 254.70

GUOCO CERAMICS

SB0397BOS9 G-4-28 40,612.21 10,153.05 507.65 PHIL. LONG DISTANCE TEL. SB0397C114 G-4-28 53,585.09 13,396.27 669.81 PHIL. LONG DISTANCE TEL. SB0397C114 G-4-29 1,928.44 482.11 24.11

MANILA ELECTRIC CO

SB0397A054 G-4-29 33,239.46 8,309.87 415.49 PHIL. LONG DISTANCE TEL. SB0397C114 G-4-29 17,941.25 4,485.31 224.27

AYALA LAND INC

SB0397C105 G-4-30 23,310.73 5,827.68 291 .38

SA 101-0215304

SB0397B071 G-4-32 1,671.38 417.85 20.89 SA5101-04003-7 SB0397B071 G-4-32 2,233.47 558.37 27.92

ASTEC POWER

SB0697A027 G-4-32 . ..

11,809.44 2,952.36 147.62

ASTEC POWER

PISB0397AO G-4-32 (),551.07 1,637.77 81 . 8~

FEB INVESTMENTS

SB0697A023 G-4-33 1,787.25 446.81 22.34

UBP TISG

SB0397A045 G-4-33 2,563.44 640.86 32.04

GUOCO HOLDINGS

SB0397B080 G-4-33 9,630.44 2,407.61 120.38

HUNTS URC

SB0397B080 G-4-33 7,273.37 1,818.34 90.92

ORIENTAL PETROLEUM

PIBL0696K4 .. G-4-34 321.57 80.39 4.02

ORIENTAL PETROLEUM

PIBL0696K4 G-4-34 966.02 241 .51 12.08

FEB EXCHANGE INC

SB0697A020 G-4-35 7,384.75 1,646.19 92.31

FEB INVESTMENTS

SB0697A027 G-4-35 16,792.22 4,198.06 209.90

FEB INVESTMENTS

SB0697A027 G-4-35 15,451 .17 3,862.79 193.14 14 of 27 "14 0

FEB EQUITY FUND II

SB0697A020 G-4-35 1,054.46 263.62 13.18 BLUEFUND SB0397B080 G-4-35 38,949.25 9,737.31 486.87

FEB EQUITIES FUND

SB0697A020 G-4-36 126.88 31 .72 1.59

EQUITABLE INSURANCE CORP

SB0697A020 G-4-43 7,082.77 1,770.69 88.53 VINTAGE ENTERPRISES . SB0397A045 G-4-43 3,558.83 889.71 44.49

MERCANTILE INSURANCE

SB0697A020 G-4-47 4,791 .30 1,197.83 59.89

UBP TISG

SB0397A045 G-4-47 3,784.70 946.18 47.31

SOLID GUARANTY INSURANCE

SB0697A020 G-4-48 3,062.38 765.60 38.28

PACIFIC UNION INSURANCE

SB0397A045 G-4-48 5,047.95 1,261.99 63.10

KURODA HOYO PHILS

SB1297C115 G-4-51 21,086.00 5,271 .50 263.58

GUOCO HOLDINGS

SB0397B080 G-4-51 20,735.72 5,183.93 259.20

TIG T A 116-00003

SB0397B080 G-4-54 1,273.33 318.33 15.92

TIG TA 201-00128

SB0397B080 G-4-54 2,172.03 543.01 27.15

TIG TA 201-00144

SB0397B080 G-4-54 285.01 71 .25 3.56

TIG TA 201-00148

SB0397B080 G-4-54 1,861 .74 465.44 23.27

TBG VTA

SB0397B080 G-4-55 3,301 .96 2,075.49 103.77

TBG VTA

SB03978080 G-4-55 9,873.76 2,468.44 123.42

TBG VTA

SB03978080 G-4-55 4,180.41 1,045.10 52.26

TIG TA 181 -00289

SB0397C114 G-4-55 2,101 .87 525.47 26.27

FEBTC FAO BASIC PETROLEUM

SB0397C141 G-4-55 99,216.50 24,804.13 1,240.21 FAREASTFUND SB0397B080 G-4-57 10,070.33 2,517.58 125.88

TIGTA 101-00115

SB03978071 G-4-60 65.39 16.35 0.82

TIG TA 101-00122

SB0397B071 G-4-60 26.90 6.73 0.34

TBG VTA

SB0397B071 G-4-60 1,140.62 285.16 14.26

WYETH PHILS

SB0697A020 G-4-61 32,169.62 8,042.41 402.12

MAGSAYSAY MANPOWER

SB0397A054 G-4-61 11,413.06 2,853.27 142.66

ASTEC POWER

SB0397A045 G-4-62 14,862.36 3,715.59 185.78 GSFUND BL0696K465 G-4-62 967.90 241 .98 12.10 GSFUND BL0696K465 G-4-62 1,148.75 287.19 14.36 GSFUND BL0696K465 G-4-62 451 .07 112.77 5.64

FEB INVESTMENTS

SB0697A020 G-4-62 29,860.76 7,465.19 373.26 FAREASTFUND SB0397BOE.O G-4-63 4,752.78 1,188.20 59.41

MANILA ELECTRIC CO

SB0397B062 G-4-64 48,088.97 12,022.24 601.11

WYETH PHILS

SB0397B099 G-4-65 3,024.09 756.02 37.80

FEB INVESTMENTS

SB0397A045 G-4-66 25,196.73 6,299.18 314.96

FEB INVESTMENTS

SB0397B080 G-4-66 1,546.59 386.65 19.33

MANILA ELECTRIC CO

SB0397B062 G-4-67 58,604.55 14,651.14 732.56

FEBTC FAO RFM STOCK RIGHTS

SB0697A020 G-4-68 95,9.73.75 23,993.44 1,199.67

TIG TA 101 -00161

SB0397C105 G-4-69 3,039.65 759.91 38.00

FEB EXCHANGE INC

SB0697A020 G-4-69 4,489.95 1,122.49 56.12 BLUEFUND SB0397A045 G-4-70 31 ,654.03 7,913.51 395.68

FEB EQUITY FUND II

SB0697A020 G:4-70 1,822.02 455.51 22.78

FEB INVESTMENTS

SB0397A045 G-4-70 17,500.13 4,375.03 218.75

FEB INVESTMENTS

SB0397A045 G-4-70 22,729.81 5,682.45 284.12

FEB INVESTMENTS

SB0397A045 G-4-70 583.75 145.94 7.30

FEB INVESTMENTS

SB0397A045 G-4-70 62,061 .36 15,515.34 775.77 15 of 27 14 _. -l.

MANILA ELECTRIC CO

TIG TA 101-00050

TIG TA 101-00137

TBG VTA

SWIFT FOODS INC

FEB INVESTMENTS

FEB INVESTMENTS

FEB INVESTMENTS

FEB EQUITY FUND II

MAGSAYSAY MANPOWER

FEB INVESTMENTS

PHIL, AIRLINES

WYETH PHILS

TIG TA 101-00152

TIG TA 181-00281

TBG VTA

FEB EXCHANGE INC

ASTEC POWER

TIG TA 101-00050

FIMA

TBG VTA

TIG TA 201-00164

KIMBERLY CLARK

TIG TA 116-00010

TIG TA 101-00169

TBG VTA

FCC PHILS CORP

MAKATI INSURANCE

TIG TA 201-00136

MANILA ELECTRIC CO

TIG TA 101-00170

JARDINE LAND INC

TIG TA 202-00028

UNILEVER PHILS

FEB EXCHANGE INC

ASTEC POWER

SHELL GAS EASTERN

FEB INVESTMENTS

JOSE MARI LOPEZ

WONG, ENCARNACION

ENRIQUE/RAMONA DIMAANO

0109-00008-0

DULCE FERNANDEZ

TBG VTA

JESUS/MYRNA PLANTILLA

TBG VTA

SB0397A054 SB0397B080 SB0397B080 SB0397B080 S$B0397B071 SB0397B099 S$B0397C141 SB0397A045 SB0397B062 SB0397B062 PISB0397A0 SB0397A054 SB0697A020 S$B0397B099 SB0397B099 SB0397B099 SB0697A020 SB0397A045 SB0397B080 $B0397B071 SB0397B080 SB0397C105 SB0397C141 SB0397C105 SB0397C105 S$B0397C105 SB0697A020 SB0397B099 SB0397B099 SB0697A020 SB0397B099 SB0397B080 SB0697A020 SB0397B062 SB0697A020 $B0397B071 SB0397A054 SB0397A045 SB0397B099 SB0697A020 SB0397B062 SB0697A020 SB0697A020 BLO397B077 S$B0397B080 BLO696L516 G-4-75 G-4-78 G-4-78 G-4-78 G-4-79 G-4-80 G-4-80 G-4-80 G-4-81 G-4-81 G-4-81 G-4-83 G-4-85 G-4-86 G-4-86 G-4-86 G-4-86 G-4-86 G-4-88 G-4-88 G-4-88 G-4-88 G-4-88 G-4-88 G-4-89 G-4-89 G-4-89 G-4-89 G-4-89 G-4-89 G-4-89 G-4-90 G-4-91 G-4-91 G-4-91 G-4-92 G-4-92 G-4-92 G-4-93 G-4-93 _G-4-93 G-4-93 G-4-102 G-4-107 G-4-107 G-4-107 14,451.24 1,484.25 663.55 794.51 35,040.12 8,376.53 42,556.83 4,658.56 8,676.95 1,252.40 26,502.18 35,819.25 1,719.03 10,195.44 421.56 8,458.48 73,103.53 3,563.49 4,339.26 3,268.33 2,032.69 529.93 52,980.97 3,572.11 12,384.63 682.05 1,452.53 1,322.84 748,23 63,253.90 10,417.39 4,437.68 259.56 6,049.76 11,681.89 3,323.26 33,292.92 5,727.92 8,214.07 3,135.73 1,176.74 45,702.49 26,953.53 126.20 7,078.25 714.24 3,612.81 371.06 165.89 198.63 8,760.03 2,094.13 10,639.21 1,164.64 2,169.24 313.10 6,625.55 8,954.81 429.76 2,548.86 105.39 2,114.62 18,275.88 890.87 1,084.82 817.08 508.17 132.48 13,245.24 893.03 3,096.16 170.51 363.13 330.71 187.06 15,813.48 2,604.35 1,109.42 64.89 1,512.44 2,920.47 830.82 8,323.23 1,431.98 2,053.52 783.93 294.19 11,425.62 6,738.38 31.55 1,769.56 178.56 180.64 18.55 8.29 9.93 438.00 104.71 531.96 58.23 108.46 15.66 331.28 447.74 21.49 127.44 5.27 105.73 913.79 44.54 54.24 40.85 25.41 6.62 662.26 44.65 154.81 8.53 18.16 16.54 9.35 790.67 130.22 55.47 3.24 75.62 146.02 41.54 416.16 71.60 102.68 39.20 14.71 571.28 336.92 1.58 88.48 8.93 16 of 27

ORIENTAL PETROLEUM & MINERALS

SB0397B080 G-4-110 1,097.03 274.26 13.71

FEB MANAGEMENT INC

SB0397C105 G-4-112 18,003.06 4,500.77 225.04 FIMA BL0696K465 G-4-112 805.23 201 .31 10.07

KID EN DEVL T CORP

SB0397C105 G-4-112 1,938.41 484.60 24.23

TOSHIBA ELECTRONIC PHILS

SB0697A020 G-4-113 5,515.50 1,378.88 68.94

FEB EQUITIES FUND

SB0697A020 G-4-113 2,853.14 713.29 35.66

FEB INVESTMENTS

SB0397A045 G-4-113 1'3, 161 .57 3,290.39 164.52 GSFUND BL0397B059 G-4-113 12,834.21 3,208.55 160.43 GSFUND SB0397B080 G-4-113 3,036.71 759.18 37.96 FAREASTFUND SB0697A020 G-4-114 4,178.43 1,044.61 52.23

FEB INVESTMENTS

SB0397A045 G-4-114 1,533.33 383.33 19.17

ROASTERS PHILS

SB0397B062 G-4-115 7,500.63 1,875.16 93.76

MANDARIN INTL HOTEL

SB0397C114 G-4-115 3,061 .06 765.27 38.26

FEB INFORMATION TECHNOLOGIES

SB0397C114 G-4-116 17,579.45 4,394.86 219.74

TIG TA 116-00003

BL0696L516 G-4-116 239.06 59.77 2.99

TBG VTA

BL0696L516 G-4-116 118.64 29.66 1.48

RFM CORPORATION

PIBL0696K4 G-4-119 2,492.52 623.13 31 .16

FEB INVESTMENTS

PISB0397AO G-4-120 4,374.11 1,093.53 54 .68

UNILEVER PRC

SB0697A020 G-4-120 11 ,582.63 2,895.66 144.78

FEB EQUITIES FUND

SB0397C105 G-4-120 2,197.40 549.35 27.47

FEB INVESTMENTS

SB0397A054 G-4-120 6,207.98 1,552.00 77.60

PACIFIC UNION INSURANCE

SB0397A054 G-4-144 7,569.49 1,892.37 94.62 FAREASTFUND SB0697A020 G-4-147 11 ,868.77 2,967.19 148.36 BLUEFUND SB0397C115 G-4-147 11 ,674.87 2,918.72 145.94

MANILA ELECTRIC CO

SB0397D177 G-4-148 11 ,711 .23 2,927.81 146.39

PHIL LONG DISTANCE TEL

SB0397D177 G-4-149 7,248.77 .

1,81 2. 19 90.61

TIG TA 101 -00140

SB0697A020 G-4-151 3,022.59 755.65 37.78 CHUA, THOMAS SB0697A020 G-4-153 1,352.51 338.13 16.91 CHUA, THOMAS SB0697A020 G-4-153 10,732.26 # 2,683.07 134.15

JOSE COWWAI

SB0697A020 G-4-153 6,333.71 1,583.43 79.17

JARDINE DAVIES

SB0397B062 G-4-154 2,411.32 602.83 30.14

JARDINE DAVIES

SB0397B062 G-4-154 1,205.78 301.45 15.07

TBG VTA

BL0696L516 G-4-154 468.62 117.16 5.86

SHELL CHEMICAL CO OF THE PHILS

SB0697A020 G-4-155 28,025.84 7,006.46 350.32

SHELL GAS EASTERN

SB0697A020 G-4-155 4,455.31 1 '113.83 55.69

MAGSAYSAY MANPOWER

SB0397D177 G-4-158 953.18 238.30 11 .91

ASTEC POWER

SB0397D177 G-4-159 4,420.52 1,105.13 55.26

FEB INVESTMENTS

SB0397D177 G-4-160 47,796.01 11 ,949.00 597.45

FEB EQUITIES FUND

SB0697A020 G-4-160 1,319.02 329.76 16.49

PHIL LONG DISTANCE TEL

SB0397D177 G-4-164 44 ,205.45 11,051 .36 552.57

WYETH PHILS

SB0697A020 G-4-167 10,701 .94 2,675.49 133.77

ASTEC POWER

SB03978062 G-4-170 4,821 .80 1,205.45 60.27 FAREASTFUND BL1297D156 G-4·170 6,024.46 1,506.12 75.31

FEB INVESTMENTS

S80397A054 G-4-171 1,440.03 360.01 18.00

TBG VTA

SB0397C114 G-4-172 1,567.17 391 .79 19.59

BOGO MEDELLIN MILLING

S80397B062 G-4-173 3,014.35 753.59 37.68 17 of 27

ROASTERS PHILS

SB0397B062 G-4-173 5,189.65 1,297.41 64.87

MAGSAYSAY LINES

SB0397B062 G-4-173 10,015.73 2,503.93 125.20 GSFUND SB0697A020 G-4-175 12,357.05 3,089.26 154.46

MAGSAYSAY LINES

SB0397C114 G-4-175 4,600.66 1 '150.17 57.51

KID EN DEVL T CORP

SB0397C115 G-4-175 692.41 173.10 8.66

ORIENTAL PETROLEUM & MINERALS

SB0397C115 G-4-198 440.13 110.03 5.50

SAN MIGUEL

SB0697A020 G-4-198 22,152.14 5,538.04 276.90

PACIFIC UNION INSURANCE

SB0397B071 G-4-199 452.74 113.19 5.66

SAN MIGUEL

SB0397C114 G-4-199 4,979.10 1,244.78 62.24

IB GIMENEZ

SB0397D1F G-4-199 973.10 243.28 12.16

TIG TA 101 -00002

SB0397C114 G-4-199 78.2.3 19.56 0.98

TIG TA 181 -00162

SB0397C114 G-4-199 134.59 33.65 1.68

SAN MIGUEL

SB03970177 G-4-200 26,544.25 6,636.06 331.80

TBG VTA

SB0397C114 G-4-200 1,146.57 286.64 14.33

TBG VTA

BL0696L516 G-4-200 7,946.17 1,986.54 99.33

UNILEVER PHILS

SB0397C105 G-4-200 16,921 .03 4,230.26 211 .51

FEBTC FAO LORENZO SHIPPING

SB0397D177 G-4-200 1,367.81 341 .95 17.10

FEB LEASING

SB0397C114 G-4-200 3,652.46 913.12 45.66

FEB LEASING

SB0397C114 G-4-200 228.17 57.04 2.85 FAREASTFUND SB0697A020 G-4-201 5,155.12 1,288.78 64.44

FEB EQUITY FUND II

SB0697A020 G-4-201 3,958.52 989.63 49.48 TOTAL p 2,255,352.73 p 563,838.18 p 28,191.91 MAY GROSS INTEREST RECEIPTS ISIN NO.

EXHIBIT INCOME

FINAL TAX

TAX JARDINE DAVIES, INC SB0697A020 G-5-2 4,500.62 1,125.16 56.26 JARDINE DAVIES, INC SB0397C114 G-5-2 4,433.51 1,108.38 55.42

TIG TA 181 -00248

SB0697A020 G-5-5 523.70 130.93 6.55

TIG TA 101-00114

SB0697A020 G-5-5 220.93 55.23 2.76

TIG TA 101 -00152

SB0697A020 G-5-6 90.50 22.63 1.13

TIG TA 201 -00052

SB0697A020 G-5-6 223.83 55.96 2.80

TIG TA 101 -00005

SB0697A020 G-5-6 48.61 12.15 0.61

TIG TA 102-00011

SB0697A020 G-5-8 1,463.98 366.00 18.30

ASTEC POWER INC

SB0397B062 G-5-8 2,256.97 564.24 28.21

ASTEC POWER INC

SB0397B062 G-5-8 2,225.46 556.37 27.82

ASTEC POWER INC

SB0697A020 G-5-8 1,729.98 432.50 21 .62

FEB EQUITY FUND II

SB0697A020 G-5-9 1,789.42 447.36 22.37 AMALGAMATED SPECIAL TIES CORP. SB03970177 G-5-10 5,095.63 1,273.91 63.70

FORTUNE GUARANTEE & INSURANCE COR SB0697A020

G-5-11 1,196.81 299.20 14.96

CARITAS MANILA

SB0697A020 G-5-11 2,214.03 553.51 27.68 18 of 27

RFM FOUNDATION INC

SB1297C115 G-5-14 549.19 137.30 6.86

TA 220-00506

SB1297C115 G-5-15 812.95 203.24 10.16

TIG TA 101 -00050

SB0397C114 G-5-15 301 .25 75.31 3.77

TIG TA 101 -00149

SB0397C114 G-5-15 828.97 207.24 10.36

FEB INVESTMENTS INC

SB0397B062 G-5-16 5,881 .62 1,470.41 73.52

FEB EQUITY FUND II

SB0397B080 G-5-16 1,605.09 401 .27 20.06

WALLEM PHILIPPINE SHIPPING

SB0397D177 G-5-18 6,704.63 1,676.16 83.81

MERJE TRADING CO

SB0397C114 G-5-18 531 .81 132.95 6.65 ROBINSONS LAND CORP.

SB0697A020 G-5-19 4,983.02 1,245.76 62.29 ROBINSONS INC.

SB0697A020 G-5-19 582.41 145.60 7.28 SAN MIGUEL CORP.

SB0697A020 G-5-19 30,743.19 7,685.80 384.29 CENTENNIAL CITY INC.

SB0397B071 G-5-20 3,773.63 943.41 47.17 CENTENNIAL CITY INC.

SB0397B071 G-5-20 970.88 242.72 12.14 DIVERSEYLEVER SB0397C105 G-5-20 2,904.71 726.18 36.31

GS FUND

SB0697A020 G-5-21 6,205.14 1,551 .29 77.56

FEB INVESTMENTS INC

SB0697A020 G-5-21 2,063.30 515.83 25.79

FEB INVESTMENTS INC

SB0697A020 G-5-21 9,374.57 2,343.64 117.18 BLUEFUND SB0697A020 G-5-22 1,576.57 394.14 19.71

FEB INVESTMENTS INC

BL0696K465 G-5-22 1,531 .00 382.75 19.14

FEB INVESTMENTS INC

BL0696K465 G-5-22 523.53 130.88 6.54

CARITAS MANILA

SB0697A020 G-5-43 3,212.31 803.08 40.15

TIG TA 101 -00164

SB0697A020 G-5-44 265.98 66.50 3.32

TIG TA 201 -00017

SB0697A020 G-5-44 606.37 151 .59 7.58

TIG TA 101 -00164

SB0697A020 G-5-44 832.76 208.19 10.41

TIG TA 116-00006

SB0697A020 G-5-44 1,364.71 341 .18 17.06

TIG TA 116-00007

SB0697A020 G-5-44 726.69 181.67 9.08

TIG TA 116-00004

SB0697A020 G-5-45 2,921 .02 730.26 36.51

JEREMIAS/JAMES BELOY

SB0397B080 G-5-45 7,577.92 1,894.48 94.72

TIG TA 201-00044

SB0697A020 G-5-45 208.98 52.25 2.61

FEB INVESTMENTS INC

SB0697A020 G-5-49 2,064.16 516.04 25.80

FEB INVESTMENTS INC

SB1297C115 G-5-49 211 .80 52.95 2.65

GS FUND

SB0697A020 G-5-49 1,739.87 434.97 21 .75 BLUEFUND SB0697A020 G-5-49 14,914.54 3,728.64 186.43

FAREAST FUND

SB0697A020 G-5-49 1,878.60 469.65 23.48

FEB INVESTMENTS INC

SB0397D177 G-5-50 225.38 56.35 2.82

FEB INVESTMENTS INC

SB0697A020 G-5-50 720.44 180.11 9.01

UNILEVER PRC

SB0697A020 G-5-52 5,405.47 1,351 .37 67.57

TIG TA 101-00137

SB0697A020 G-5-52 180.84 45.21 2.26

TIG TA 201-00007

SB0697A020 G-5-52 173.95 43.49 2.17

TBG VTA

SB0697A020 G-5-52 2,877.89 719.47 35.97

GS FUND

SB0697A020 G-5-54 501 .20 125.30 6.27

ASTEC POWER INC

SB0397B071 . G-5-54 9,277.74 2,319.44 115.97

FEB INVESTMENTS INC

SB0697A020 G-5-54 4,693.36 1 '173.34 58.67 PERLAS, JOSE SB0697A020 G-5-55 557.02 139.26 6.96 MANILA ELECTRIC CO.

SB0397E197 G-5-56 6,252.44 1,563.11 78.16

TBG VTA

SB0697A020 G-5-56 1 ,226. 73 306.68 15.33 19 of 27 '1 410

APOLONIO ROA

NATIVIDAD MONZON

COLGATE PALMOLIVE

HI CEMENT CORP.

HI CEMENT CORP.

COLGATE PALMOLIVE

SAN MIGUEL CORP.

STAR DARI INC

HI CEMENT CORP.

FAREAST FUND

BLUEFUND

TBG VTA

WALLEM PHILIPPINE SHIPPING

MAKATI INSURANCE

RAMON DURANO JR

SIME DARBY PILIPINAS

JG SUMMIT PETROCHEMICAL CORP.

AUTOMOTIVE TECHNOLOGY

MADRIGAL WAN-HI LINES

FEB INVESTMENTS INC

CENTENNIAL CITY INC.

BATAAN SAVINGS & LOANS BANK

BATAAN SAVINGS & LOANS BANK

BATAAN SAVINGS & LOANS BANK

LAVADIA WILSON

JAMES/JEFFREY YU

ISMAEL/STELLA CAROLINO

STA RITA, ANGELA

JOSE LEECHAO

LEGASPI VALENTINO/CECILIA

VIDAL /LEILA ANG

BEARER ACCT.

JOHN/RACEL CHENG

YUSINGCO, MERCEDITA

MICHAEL VOIRGILIO BAUTISTA

BONIFACIO OR TRINIDAD SRA, ET. AL.

DR. ERLINO FORTADES MARIA J./AUGUSTIN MARKING

HELEN/FRANCISCO BAELLO

DAISY J./CHUTE J. CU MANILA ELECTRIC CO.

PACIFIC UNION INSURANCE

KIMBERLY CLARK

CRISTINA DEL PRADO/ANALYN DIEGO

TRINIDAD YULO/MIGUEL COJUANGCO

MA. ROSARIO/DOLORES ALMEDA KS SB0697A020 S$B0397B071 $B0397B080 SB0697A020 SB0697A020 SB0397B080 $B0397D177

SB0397E 197

S$B0397B080 S$B0697A020 $B1297C115 SB0697A020 $B0397D177 SB0697A020 SB0397C114 SB0697A020 §B0397D177 $B0397D177 $B0397D177 S$B0397B080 $B0397B080 SB0397C114 $B0397C114 S$B0397C114 $B0397C114 SB0397C114 $B0397C6114 $B0397C114 $B0397C114 SB0397C114 $B0397C114 SB0397C114 SB0397D177 $B0397C114 $B0397C114 $B0397D177 SB0697A020 $B0397B080 $B0397C114 SB0397B080 SBO397E197

$B0397B080 ©

BL0697B052 $B0397C0105 SB0697A020 $B0397C105 G-5-56 G-§-57 G-§-58 G-5-58 G-5-58 G-5-58 G-5-59 G-5-59 G-5-59 G-5-60 G-5-60 G-5-62 G-5-63 G-5-63 G-5-63 G-5-63 G-5-64 G-5-64 G-5-65 G-5-67 G-5-67 G-5-69 G-5-69 G-5-69 G-5-69 G-5-69 G-5-69 G-5-70 G-5-70 G-5-70 G-5-70 G-5-70 G-5-71 G-5-71 G-5-72 G-5-72 G-5-73 G-5-73 G-5-73 G-5-73 G-5-75 G-5-79 G-5-79 G-5-80 G-5-80 G-5-80 ‘L425 7,825.77 472.33 3,550.24 59,336.77 32,529.69 3,106.23 3,042.57 694.71 8,840.91 4,410.70 47,013.95 1,705.54 12,194.85 949.04 3,575.00 924.40 10,691.10 17,886.26 7,476.80 4,237.12 8,953.19 2,776.92 4,110.77 4,110.77 4,767.23 580.94 1,277.39 4,468.63 609.82 558.72 393.21 1,124.09 422.12 149.96 4,117.43 2,637.74 1,210.19 1,193.53 1,110.77 496.22 11,595.77 3,432.70 843.82 2,957.36 11,843.93 297.21 1,956.44 118.08 887.56 14,834.19 8,132.42 776.56 760.64 173.68 2,210.23 352.68 11,753.49 426.39 3,048,714 237.26 893.75 231.10 2,672.78 4,471.57 1,869.20 309.28 2,238.30 694.23 277.69 277.69 441.81 145.24 319.35 1,117.16 152.46 139.68 98.30 281.02 105.53 37.49 279.36 659.44 302.55 298.38 277.69 124.06 2,898.94 858.18 210.96 739.34 2,960.98 74.30 97.82 5.90 44.38 741,71 406.62 38.83 38.03 8.68 110.51 17.63 587.67 21.32 152.44 11.86 44.69 11.56 133.64 223.58 93.46 15.46 111.91 34.71 13.88 13.88 22.09 7.26 15.97 55.86 7.62 6.98 4.92 14.05 5.28 1.87 13.97 32.97 15.13 14.92 13.88 6.20 144.95 42.91 10.55 36.97 148.05 3.72 20 of 27

MB FINANCE CORPORATION

BLUEFUND

FEB INVESTMENTS INC

BLUEFUND FIMA

CHINATRUST-TISD AS TRUSTEE

MANILA ELECTRIC CO.

MAGSAYSAY MANPOWER

ROBINSONS LAND CORP.

WYETH PHILS

PAC RIM REALTY & DEVELOPMENT CORP

TIG TA 181-00294

TIG TA 181-00368

FEB INVESTMENTS INC

MANILA ELECTRIC CO.

JG SUMMIT PETROCHEMICAL CORP. BLUEFUND MANILA ELECTRIC CO.

JARDINE DAVIES, INC JARDINE DAVIES, INC CENTENNIAL CITY INC.

WYETH PHILS

FEB EQUITY FUND II

FEB INVESTMENTS INC

JARDINE DAVIES, INC

TIG TA 201-00148

TIG TA 101-00050

TIG TA 201-00132

TIG TA 201-00070

TWIG TA 101-00132

FEB INVESTMENTS INC

FEB EXCHANGE ING

BLUEFUND

TBG VTA

PHIL LONG DISTANCE TELEPHONE CO

PHIL LONG DISTANCE TELEPHONE CO

TIG TA 101-00006

1IG TA 181-00281

TIG TA 181-00373

TIG TA 181-00375

TIG TA 281-00097

ASTEC POWER

ASTEC POWER

UNILEVER PHILS

FAREASTFUND PENTA CAPITAL INVST. CORP.

$B0397D177 $B1297C115 $B0397C141 SB0697A020 $B0397C105 $B0397B080 $B0397E201 $B0397D177 $B0697A020 $B0697A020 $B0397E201 $B0397E201 SB0697A020 SB0397B080 $B0397C105 SB0697A020 $B0397D177 $B0397C114 SB0397C141 $B0697A020 $B0397D177 $B0397C114 $B0697A020 $B0697A020 $B0397E201 BLO697A026 $B0697A020 $B0697A020 SB0697A020 $B0697A020 $BO397E197 $BO397E197 $B1297C115 SB0697A020 $B0397E201 $BO397E197 $B0697A020 $B0697A020 $B0697A020 $B0697A020 SB0697A020 $B0397C105 $B0397C105 $B0397E201 $B0697A020 SBO397E197 G-5-82 G-5-88 G-5-88 G-5-89 G-5-93 G-5-94 G-5-96 G-5-96 G-5-97 G-5-98 G-5-98 G-5-98 G-5-98 G-5-100 G-5-101 G-5-102 G-5-104 G-5-106 G-5-106 G-5-106 G-5-106 G-5-107 G-5-107 G-5-108 G-5-119 G-5-129 G-5-130 G-5-130 G-5-130 G-5-130 G-5-131 G-5-132 G-5-132 G-5-134 G-5-135 G-5-135 G-5-135 G-5-135 G-5-135 G-5-135 G-5-135 G-5-137 G-5-138 G-5-138 G-5-138 G-5-139 8, 896.33 38,444.71 10, 3, 3, 18, 2, 21, 3, 1, 4, 22, 1, 33, 10, 15, 5, 32, 1, 1, 2, 47, 3, 4, 63, 39, 14, 3, 91, 69, 11, 14, 17, 1, 740.25 067.24 800.67 602.42 352.65 556.78 180.61 289.94 057.12 075.72 839.34 277.62 464.08 296.20 888.78 509.76 046.17 769.83 864.77 211.73 856.72 006.40 984.96 813.93 885.48 974.77 434.32 734.48 222.55 887.10 588.66 742.00 762.85 623.50 138.81 351.41 132.23 298.08 374.78 551.60 119.48 249.17 060.57 2,348.46 mut ‘140:

2,224.08 9,611.18 2,685.06 766.81 200.17 900.61 4,588.16 139.20 545.15 §,322.49 764.28 268.93 209.84 1,069.41 5,616.02 324.05 8,472.20 2,627.44 3,761.54 1,442.46 8,216.19 302.93 464.18 501.60 4,496.24 203.48 971.37 243.69 1,108.58 183.62 15,805.64 9,971.78 3,647.17 935.50 22,940.71 17,405.88 34.70 87.85 33.06 74.52 93.70 2,887.90 3,529.87 4,312.29 265.14 $87.12 2:41.20 1.56 25 38.34 50.04 N = 1.37 . 3.08 «12 0.84 9.15 3.21 08 81 iJ17 3.57 12.18 “4.43 3,18 3.28 » 3,59 . 4.36 378 0.04 3.29 1.74 4.39 1.65 3.73 1.68 1.40 v.49 61 3.26 136 “41 of 27

YUTAKA MANUFACTURING PHILS

SB0697A020 G-5-139 881 .24 220.31 11 .02 PENTA CAPITAL INVST. CORP. SB0397E197 G-5-139 73,328.71 18,332.18 916.61

PHIL LONG DISTANCE TELEPHONE CO

SB0397E201 G-5-139 986.54 246.64 12.33

WYETH PHILS

SB0697A020 G-5-139 6,855.08 1,713.77 85.69

FEB EQUITY FUND

SB0697A020 G-5-142 688.20 172.05 8.60

FEB EQUITY FUND II

SB1297C115 G-5-142 2,624.52 656.13 32.81 KOCHER, LAURA F.

SB0397E197 G-5-146 8,876.83 2,219.21 110.96

GS FUND

SB0397D177 G-5-147 29,366.34 7,341 .59 367.08 BLUEFUND SB0697A020 G-5-149 74,735.60 18,683.90 934.20

PHIL LONG DISTANCE TELEPHONE CO

SB0397E201 G-5-155 27,141 .08 6,785.27 339.26

COSMOS BOTTLING CORP

SB0697A020 G-5-155 6,664.76 1,666.19 83.31

COSMOS BACOLOD BOTTLERS INC

SB0697A020 G-5-155 2,756.19 689.05 34.45

TIG TA 201 -00136

SB0697A020 G-5-157 6,478.91 1,619.73 80.99

TBG VTA

SB0697A020 G-5-157 2,574.06 643.52 32.18

S & L INC

SB0697A020 G-5-158 2,143.41 535.85 26.79

S & L INC

SB0697A020 G-5-158 3,181 .15 795.29 39.76

PURINA PHILS

SB0397D177 G-5-159 45,660.03 11,415.01 570.75

SA 21 00-00086-1

SB0697A020 G-5-160 8,742 .07 2,185.52 109.28

UNILEVER PRC

SB0397D177 G-5-162 67,330.39 16,832.60 841 .63

TIG TA 101 -00050

SB0397D177 G-5-181 6,415.84 1,603.96 80.20

TBG VTA

SB0397D177 G-5-181 4,247.64 1,061 .91 53.10

GS FUND

SB0697A020 G-5-182 1,850.74 462.69 23.13

FEB EQUITY FUND II

SB1297C115 G-5-182 13,020.64 3,255.16 162.76

UNILEVER PRC

SB0697A020 G-5-182 2,223.11 555.78 27.79

PEPITO/LUISITA RAMOS

SB0397C141 G-5-183 1,865.15 466.29 23.31

FEB LEASING & FINANCE CORP

SB0697A020 G-5-183 17,459.29 4,364.82 218.24

TIG TA 116-00009

SB0397D177 G-5-186 65.76 16.44 0.82

TIG TA 116-00007

SB0397D177 G-5-186 468.21 117.05 5.85

TIG TA 116-00005

SB0397D177 G-5-186 74.31 18.58 0.93

TIG TA 116-0004

SB0397D177 G-5-186 338.00 84.50 4.23

TBG VTA

SB0397D177

G-5-1 86

66.41 16.60 0.83

ASTEC POWER

SB0397C105 G-5-186 12,018.00 3,004 .50 150.23

WYETH PHILS

SB0397D177 G-5-186 4,729.70 1,182.43 59.12

FEB EXCHANGE INC

SB0397E197 G-5-186 3,665.52 916.38 45.82

FEB EQUITIES FUND

SB0697A020 G-5-187 (238.94) (59.74) (2.99) TOTAL p 1,512,243.54 p 378,060.89 p 18,903.04 JUNE GROSS INTEREST RECEIPTS ISIN NO.

EXHIBIT INCOME

FINAL TAX

TAX

PHILIPPINE LONG DISTANCE

SB0397E197 G-6-2 23,387.42 5,846.86 292.34 MAKATIINSURANCE SB0397D177 G-6-2 439.08 109.77 5.49

TIG TA 201-00128

SB0397D177 G-6-3 52.25 13.06 0.65 22 of 27 '14 ~ ~ - ~ ._, TBGVTA SB03970177 G-6-3 428.99 107.25 5.36

TBG VTA

SB0697A020 G-6-3 142.65 35.66 1.78

COSMOS BOTTLING CORP

SB03970177 G-6-4 3,832.43 958.11 47.91

FEB INVESTMENTS

SB0397C114 G-6-6 5,421 .77 1,355.44 67.77

FEB INVESTMENTS

SB0397E201 G-6-6 23,961.07 5,990.27 299.51 BLUEFUNO SB03970177 G-6-6 4,697.03 1 '174.26 58.71 FIMA SB0397C141 G-6-8 4,349.24 1,087.31 54.37

TIG TA 101 -00161

SB0397D177 G-6-9 191 .70 47.93 2.40 PHIL BRITISH ASSN. CORP SB0397D177 G-6-9 238.80 59.70 2.99

TBG VTA

SB0397D177 G-6-9 2,078.90 519.73 25.99

ASTEC POWER

SB0397D177 G-6-11 4,715.27 1,178.82 58.94

WYETH PHILS

BL 1297C102

G-6-11 5,345.35 1,336.34 66.82

TIG TA 101 -00161

SB0697A020 G-6-21 86.06 21.52 1.08

TBG VTA

SB0697A020 G-6-21 27.80 6.95 0.35

TIG TA 201 -00148

SB0397D177 G-6-22 123.40 30.85 1.54

TIG TA 101-00161

SB0397D177 G-6-22 349.75 87.44 4.37

TBG VTA

SB0397D177 G-6-22 3,962.63 990.66 49.53

SAN MIGUEL CORP

SB0697A020 G-6-22 4,387.80 1,096.95 54.85

FEB INVESTMENTS

SB0397E201 G-6-23 2,339.15 584.79 29.24 BLUEFUND

BL 1297C139

G-6-23 3,443.22 860.81 43.04 BLUEFUND

BL 1297C115

G-6-24 8,663.39 2,165.85 108.29 BLUEFUNO BL1297C115 G-6-24 7,250.65 1,812.66 90.63 BLUEFUND BL1297C115 G-6-24 4,458.96 1,114.74 55.74 UBPTISG SB0397E197 G-6-25 7,064.04 1,766.01 88.30

TIG TA 181-00375

SB0397E197 G-6-27 701 .90 175.48 8.77

JARDINE DAVIES

SB0397D177 G-6-27 6,988.24 1,747.06 87.35 MAKATIINSURANCE SB0397E197 G-6-27 1,365.56 341 .39 17.07

TIG TA 201-00105

SB0397E197 G-6-27 899.91 224.98 11 .25

TBG VTA

SB0397E197 G-6-27 312.03 78.01 3.90

FEB EQUITIES FUND

BL1297C139 G-6-31 4,783.78 1,195.95 59.80

DAVAO UNION CEMENT CORP

SB0697A020 G-6-32 843.17 210.79 10.54 BLUEFUND SB0397D177 G-6-32 1,831.47 457.87 22.89

TIG TA 116-00010

SB0397E197 G-6-34 642.87 160.72 8.04

TIG TA 181-00368

SB0397E197 G-6-34 403.39 100.85 5.04

TBG VTA

SB0397E197 G-6-34 798.59 199.65 9.98

WYETH PHILS

SB0697A020 G-6-37 7,275.71 1,818.93 90.95

UNILEVER PHILS

SB0397C114 G-6-37 43,499.33 10,874.83 543.74

UNILEVER PHILS

SB0397C114 G-6-37 30,483.05 7,620.76 381 .04

UNILEVER PHILS

SB0397C114 G-6-37 52,968.69 13,242.17 662.11 BLUEFUND SB0397D177 G-6-38 4,217.59 1,054.40 52.72

UBP TISG

SB0397E197 G-6-39 19,497.02 4,874.26 243.71 UBPTISG SB0397E197 G-6-40 2,436.33 609.08 30.45

TBG VTA

SB0697A020 G-6-40 570.09 142.52 7.13

TIG TA 216-00171

SB0397D177 G-6-43 524.01 131 .00 6.55

TBG VTA

SB03970177 G-6-43 2,162.07 540.52 27.03

UBP TISG

SB0397E197 G-6-60 14,327.18 3,581 .80 179.09 23 of 27 ;'

TBG VTA

SB0397D177 G-6-63 12,100.13 3,025.03 151.25

UBP TISG

SB0397E197 G-6-63 7,424.40 1,856.10 92.81

ASTEC POWER

SB0397E201 G-6-67 101,517.77 25,379.44 1,268.97

ASTEC POWER

SB0397E197 G-6-67 38,627.73 9,656.93 482.85 BLUEFUND SB0697A020 G-6-67 2,401 .73 600.43 30.02 BLUEFUND SB0397D177 G-6-68 3,430.06 857.52 42.88 BLUEFUND SB0397D177 G-6-68 2,579.06 644.77 32.24 BLUEFUND SB0697A020 G-6-68 1,215.84 303.96 15.20 BLUEFUND SB03970177 G-6-68 7,400.99 1,850.25 92.51

TIG TA 101-00050

SB0397E197 G-6-71 747.43 186.86 9.34

TIG TA 101 -00149

SB0397E197 G-6-71 1,933.80 483.45 24.17 MAKATIINSURANCE SB0397E197 G-6-71 1,304.25 326.06 16.30

TBG VTA

SB0397E197 G-6-71 2,656.15 664.04 33.20

UNILEVER PRC

SB0697A020 G-6-72 13,686.94 3,421 .74 171.09

UNILEVER PRC

SB03970177 G-6-74 138,827.45 34,706.86 1,735.34

SHARP PHILS

SB0697A020 G-6-74 20,154.37 5,038.59 251 .93

ASTEC POWER

SB0397C141 G-6-74 19,814.00 4,953.50 247.68

GS FUND

SB0697A020 G-6-74 5,315.58 1,328.90 66.44

FEB INVESTMENTS

SB0697A020 G-6-75 13,043.60 3,260.90 163.05 BLUEFUND SB1297C115 G-6-75 3,255.98 814.00 40.70

FEB EQUITY FUND II

SB0697A020 G-6-75 804.08 201 .02 10.05

UBP TISG

SB03970177 G-6-76 10,057.79 2,514.45 125.72

UBP TISG

SB0397E201 G-6-76 18,773.67 4,693.42 234.67

FEB EQUITIES FUND

SB03970177 G-6-79 219.70 54.93 2.75 BLUEFUND SB1297C115 G-6-79 37,759.09 9,439.77 471 .99

TIG TA 101-00002

SB03970177 G-6-82 1,381 .06 345.27 17.26

TIG TA 181-00162

SB0397D177 G-6-82 2,482.12 620.53 31 .03

TIG TA 201-00070

SB03970177 G-6-82 1 ,252.41 313.10 15.66

TIG TA 201 -00120

SB03970177 G-6-82 1,941 .05 485.26 24.26

TBG VTA

SB0397D177 G-6-83 715.13 178.78 8.94

FEB EQUITIES FUND

SB03970177 G-6-86 5,001 .27 1,250.32 62.52 FAREASTFUND SB1297C115 G-6-87 9,248.39 2,312.10 115.60

UBP FAO INSULAR LIFE

SB0397D177 G-6-91 45,437.16 11 ,359.29 567.96

DAVAO LIGHT & POWER

SB0397E197 G-6-91 37,298.84 9,324.71 466.24

ASTEC POWER

SB0697A020 G-6-92 23,951.68 5,987.92 299.40

FEB INVESTMENTS

BL1296L505 G-6-92 110,774.45 27,693.61 1,384.68

BLUE FUND

SB0397D177 G-6-97 10,031 .16 2,507.79 125.39

AMALGAMATED SPECIAL TIES

BL1296L514 G-6-99 21.442.45 ,.

5,360.61 268.03 UBPTISG SB0397E201 G-6-100 1,102.01 275.50 13.78

FEB EXCHANGE INC

SB0397E197 G-6-104 15,716.45 3,929.11 196.46

FEB EXCHANGE INC

SB0697A020 G-6-104 46,628.33 11,657.08 582.85 FAREASTFUND SB0397D177 G-6-104 4,791.15 1,197.79 59.89

FEBTC 216-00184

SB0397E197 G-6-105 12,494.25 3,123.56 156.18

UNILEVER PRC

SB0397E201 G-6-114 46,059.81 11 ,514.95 575.75

TERESITA/LOURDES DIZON

SB0397E201 G-6-118 39,405.35 9,851 .34 492.57

WYETH PHILS

SB0697A020 G-6-121 6,183.59 1,545.90 77.29 24 of 27 1420 CYANAMID PHILS.

SB0697A020 G-6-121 5,352.69 1,338.17 66.91

TBG VTA

SB0397E201 G-6-121 17,807.04 4,451 .76 222.59

PURINA PHILS

SB0697A020 G-6-122 14,856.96 3,714.24 185.71

CA 2000-00206-4

SB0397E197 G-6-124 5,406.70 1,351 .68 67.58

SA 21 00-00086-1

SB0397E197 G-6-124 4,494.23 1,123.56 56.18

KSA REALTY CORP

SB0397E201 G-6-124 :22,837.29 5,709.32 285.47

FEB INVESTMENTS

SB0697A020 G-6-124 3,998.77 999.69 49.98

PURINA PHILS

SB0397E197 G-6-124 4,634.11 1,158.53 57.93 FAREASTFUND BL1296L514 G-6-131 9,437.00 2,359.25 117.96 BLUEFUND SB1297C115 G-6-131 3,193.30 798.33 39.92

BLUE FUND

SB0397D177 G-6-131 40,309.72 10,077.43 503.87 BLUEFUND SB0697A020 G-6-131 3,748.77 937.19 46.86

MANILA MIDTOWN HOTEL

SB0697A020 G-6-133 8,147.13 2,036.78 101.84

EVERGREEN PHIL CORP

SB0697A020 G-6-134 14,221.54 3,555.39 177.77

DAVAO UNION CEMENT CORP

SB0697A020 G-6-137 16,515.25 4,128.81 206.44

DAVAO UNION CEMENT CORP

SB0697A020 G-6-137 15,255.01 3,813.75 190.69

FEB EXCHANGE INC

SB0397E197 G-6-137 15,401 .95 3,850.49 192.52 FAREASTFUND SB0397D177 G-6-138 13,031 .55 3,257.89 162.89 FAREASTFUND SB0397D177 G-6-138 19,151 .74 4,787.94 239.40 FAREASTFUND SB0397D177 G-6-138 6,228.87 1,557.22 77.86 TOTAL p 1,471 ,390.10 p 367,847.53 p 18,392.38 JULY GROSS INTEREST RECEIPTS ISINNO.

EXHIBIT INCOME

FINAL TAX

TAX

PEPITO/LUISITA RAMOS

SB0397E197 G-7-11 70.90 17.73 0.89

PURINA PHILS

SB0397E201 G-7-12 4,751 .65 1,187.91 59.40

FEB EQUITY FUND II

BL1296L514 G-7-20 66.59 16.65 0.83

FEB INVESTMENTS

SB0697A020 G-7-20 45,285.72 11,321 .43 566.07

FEB INVESTMENTS

SB0697A020 G-7-20 3,347.60 836.90 41 .85

BLUE FUND

BL1296L505 G-7-21 485.01 121 .25 6.06

BLUE FUND

BL1296L514 G-7-21 616.30 154.08 7.70

BLUE FUND

SB1297C115 G-7-22 433.65 108.41 5.42

BLUE FUND

SB1297C115 G-7-22 433.86 108.47 5.42

BLUE FUND

SB1297C115 G-7-22 433.93 108.48 5.42

BLUE FUND

SB1297C115 G-7-23 1,235.86 308.97 15.45

BLUE FUND

SB1297C115 G-7-23 478.79 119.70 5.98

BLUE FUND

SB0397D177 G-7-23 3,361 .53 840.38 42.02

BLUE FUND

BL1296L514 G-7-23 2,580.06 645.02 32.25

FEB EQUITY FUND II

SB1297C115 G-7-26 9,594.42 2,398.61 119.93

BLUE FUND

SB0397D177 G-7-26 774.03 193.51 9.68 25 of 27 14::. J ..

.

•

BLUE FUND

SB0397D177 G-7-30 1,784.18 446.05 22.30

BLUE FUND

SB0397D177 G-7-30 1,627.42 406.86 20.34

BLUE FUND

SB0397E197 G-7-30 1,751 .68 437.92 21 .90

BLUE FUND

SB0397E201 G-7-30 1,120.99 280.25 14.01 FAREASTFUND SB0397D177 G-7-31 8,424.02 2,106.01 105.30

BLUE FUND

SB0397D177 G-7-35 94,349.38 23,587.35 1 '179.37

BLUE FUND

SB0397D177 G-7-35 23,285.00 5,821 .25 291 .06

TBG VTA

SB0397E201 G-7-68 2,489.53 622.38 31 .12 GSFUND SB0397D177 G-7-71 13,645.63 3,411.41 170.57

FEB INVESTMENTS

BL1296L505 G-7-72 72,673.34 18,168.34 908.42

FEB INFORMATION TECHNOLOGIES

SB0397E201 G-7-72A 84,577.45 21 ,144.36 1,057.22

FEB EXCHANGE

SB1297C115 G-7-72A 40,311 .76 10,077.94 503.90 FAREASTFUND SB1297C115 G-7-75A 13,842.37 3,460.59 173.03

GILMER RESOURCES

SB0397D177 G-7-78 254.89 63.72 3.19

FEB EXCHANGE

SB0397E197 G-7-82 23,277.18 5,819.30 290.96 GSFUND SB0397E201 G-7-90 5,454.81 1,363.70

68. 19

FEB INVESTMENTS

SB0397E197 G-7-94 1,449.67 362.42 18.12

DIRECTORIES PHILS

SB0397E197 G-7-119 26,384.15 6,596.04 329.80

WYETH PHILS

SB0397E197 G-7-123 66,748.42 16,687.11 834.36

WYETH PHILS

SB0397E197 G-7-124 29,942.26 7,485.57 374.28 FAREASTFUND SB1297C115 G-7-130 21,923.40 5,480.85 274.04 FAREASTFUND SB1297C115 G-7-130 10,179.90 2,544.98 127.25

FUJITSU DIE-TECH

SB0397E197 G-7-137 65,013.31 16,253.33 812.67

FUJITSU DIE-TECH

SB0397E197 G-7-138 18,950.97 4,737.74 236.89

WYETH PHILS

SB0397E197 G-7-158 20,346.53 5,086.63 254.33

CIE REALTY

SB0397E197 G-7-158 20,898.92 5,224.73 261 .24

JOLLIBEE FOOD CORP

SB0397E201 G-7-159 !:'4,723.73 13,680.93 684.05

TIG TA 102-00011

SB0397E197 G-7-164 16,615.87 4,153.97 207.70

MANILA MANDARIN HOTEL

SB0397E197 G-7-173 24,216.93 6,054.23 302.71

BLUE FUND

Bl1296L514 G-7-177 7,112.31 1,778.08 88.90 FAREASTFUND BL1296L514 G-7-177 788.88 197.22 9.86

COMMODORE PHILS INC

BL1296L514 G-7-187 104.51 26.13 1.31

BLUE FUND

Bl1296L514 G-7-188 6,613.14 1,653.29 82.66 TOTAL p 854,832.43 p 213,708.11 p 10,685.41 AUGUST GROSS INTEREST RECEIPTS ISIN NO.

EXHIBIT INCOME

FINAL TAX

TAX

MAJENT BUILDERS CORP

SB0397E197 G-8-7 236.44 59.11 2.96

FEBTC E-220-00537

SB0397E197 G-8-10 9,428.49 2,357.12 11 7.86

FORT BONIFACIO DEVT CORP

SB1297C115 G-8-10 1,907.20 476.80 23.84 26 of 27

FEBTC E-220-00537

SB0397E197 G-8-11 8,170.37 2,042.59 102.13

FEBTC E-220-00537

BL1296L505 G-8-11 6,439.70 1,609.93 80.50

FEBTC E-220-00537

S80397E197 G-8-13 3,911.68 977.92 48.90 FAREASTFUND SB0397E197 G-8-13 1,385.68 346.42 17.32 FAREASTFUND SB0397E197 G-8-14 1,767.00 441 .75 22.09 BLUEFUND S80397E197 G-8-14 2,414.94 603.74 30.19 BLUEFUND SB0397E197 G-8-14 1,902.95 475.74 23.79

BLUE FUND

SB0397E197 G-8-14 2,339.79 584.95 29.25

BLUE FUND

S81297C115 G-8-14 1,297.31 324.33 16.22 BLUEFUND S80397E197 G-8-15 2,353.48 588.37 29.42 BLUEFUND SB0397E197 G-8-15 1,877.25 469.31 23.47

BLUE FUND

SB0397E197 G-8-15 1,551 .20 387.80 19.39

TBG VTA

SB0397E216 G-8-20 1,135.77 283.94 14.20

FEB INVESTMENTS

SB0397E201 G-8-23 2,283.96 570.99 28.55 FAREASTFUND BL1296L514 G-8-28 3,199.46 799.87 39.99

CEBU INSULAR HOTEL

S80397E201 G-8-62 5,084.99 1,271 .25 63.56

CEBU INSULAR HOTEL

SB0397E201 G-8-62 8,057.15 2,014.29 100.71

CEBU INSULAR HOTEL

SB0397E201 G-8-62 3,850.84 962.71 48.14

AYALA HOTELS

S81297C115 G-8-63 6,667.02 1,666.76 83.34

AYALA HOTELS

SB1297C115 G-8-63 4,007.51 1,001 .88 50.09 BLUEFUND S81297C115 G-8-65 3,872.00 968.00 48.40

SA 2106-01422-8

BL 1297G288

G-8-70 777.10 194.28 9.71 CA2000-00022-3 BL1296L514 G-8-74 3,458.26 864.57 43.23

WYETH PHILS

BL12975252 G-8-75 13,933.11 3,483.28 174.16 TBGVTA CM4297H320 G-8-92 118.15 29.54 1.48 FAREASTFUND BL1296L505 G-8-93 5,541 .68 1,385.42 69.27

BLUE FUND

BL 12978139

G-8-93 11 ,082.63 2,770.66 138.53

BLUE FUND

BL 1297C1 29

G-8-93 65,257.50 16,314.38 815.72

MANILA INSURANCE CO

BL 1297H312

G-8--98 2,257.89 564.47 28.22

BLUE FUND

BL 1297C139

G-8-103 8,738.84 2,184.71 109.24 FAREASTFUND

BL 1297G288

G-8-129 __ 1_1 ,446.47 2,861 .62 143.08 TOTAL p 207,753.81 p 51,938.45 p 2,596.92

PREPARED BY:

VERIFIED BY:

~~( .

ANNE BENITA M. SANTOS I /'V7.t! · /?<t$~ ~NA U.j3ASCAO SR. TAX SPECIALIST

CHIEF TAX SPECIALIST

27 of 27 14 ·- r . :u FAREAST BANK AND TRUST COMPANY vs.

COMMISSIONER OF INTERNAL REVENUE

SCHEDULE OF DISALLOWANCES

FOR TAXABLE YEAR 1997

PER BANK'S CLAIM

SECURITIES/DEPOSITS FWT GRT

3,280,508.37 P

PER SG\

FWT Floating Rate 164,025.42 |P 2,487,028.

Treasury Notes Fixed Rate 122,707,800.56 6,135,390.03 71,842,722. Treasury Notes Treasury Bills 66,746,284.80 3,337,314.24 27,409,690.

Trading Gain 55,704,453.47 2, 785,222.67 32,029,439.

IBODI-Govermment 70,618,909.06 3,530,945.45 2,741,873.

IBODI-Private Parties 25,494,389.56 1,274,719.48 4,644,869.

Interbank Call Loans 22,439,392.38 4,121,969.62 12,663,859.

GSP Under Reverse Repurchase with CB Deposit with Local Banks 20,785,819.44 4,039 ,290.97 1,840,860.39 92,043.02 1,101,785 P =389,618,418.03 P 19,480,920.90 |P 154,921,270

PREPARED BY:

LEI are so ANNE BENITA M. SANTOS Sr. Tax Specialist

ANNEX B

/ VERIFICATION

PER COURT'S VERIFICATION TOTAL DISALLOWANCE

GRT -

FWT GRT FWT GRT

81 P 124,351.44 6,269.26 P 313.46 |P 2,493,298.07 P 124,664.90 96 3,592,136.14 71,842,722.96 3,592, 136.14 27 1,370,484.51 4,765,911.45 _ 238,295.57 32,175,601.72 1,608,780.08 84 1,601,471.97 32,029,439.84 1,601,471.97 54 137,093.69 2,741,873.54 137,093.69 96 232,243.50 4,644 869.96 232,243.50 39 633,192.96 9,775,532.99 488,776.66 22,439,392.38 1,121,969.62 55,089.26 1,101,785.40 55,089.26 7,746,063.47 14,547,713.70 P 727,385.69 |P 169,468,983.87 8,473,449.16

VERIFIED BY:

Chief Tax Specialist