AMENDMENT TO THE RULE ON IMPORTED HORSES

Please be informed that the Philracom Board in its meeting on
January 29, 2000, after due deliberation further resolved to amend
Paragraph (d) of the rules on imported horses, which was approved on
February 26, 1996, to wit:

Paragraph (d) states that:

d.  A minimum of three (3) declared imported horses shall constitute
an imported division race. However, in the event that one or more
imported horses out of the three 93) are scratched on race day, the race
shall be allowed to be run provided that the total number of horses to
run the said race are more than three (3), thus, presupposing there are
local horses joining the said race. Such race or situation shall not be
part of the quota for the imported division races for the week. Such
race shall be classified as a local race.

It will now be read as follows:

d.  A minimum of three (3) declared imported horses shall constitute
an imported division race. However, in the event that one or more
imported horses out of the three (3) are scratched on race day, the race
shall be allowed to be run provided that the total number of horses to
run the said races are more than three (3), thus, presupposing there are
local horses joining the said race. Such race or situation shall not be
part of the quota for the imported division races for the week. Such
race shall be classified as a local race, EXCEPT IN SPECIAL RACES. WHEREIN LESS THAN THREE (3) IMPORTED HORSES MAYBE ALLOWED.”

This shall take effect immediately.

Adopted: 3 Feb. 2000

(SGD). BENEDICTO KALAW KATIGBAK
Chairman/Executive Director III