Bank Authorization Letter

August 8, 2001

Mr. William D. Ang
Bank Manager
Allied Bank
Makati Branch

Dear Mr. Ang:

I would like to infor that Ms. Ellen R. Cheng is authorized to act on my behalf regarding this account from August 11, 2001 to September 28, 2001. I will be in Singapore and will not be able to attend to my meetings.

During the mentioned dates, Ms. Cheng is authorized to withdraw funds, deposit funds, write checks and initiate wire transfers from this account.

If you have any question, please call me at the number 0915-4612456.

Respectfully yours,

Josephine L. del Rosario