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<SEC-DOCUMENT>0000078150-05-000059.txt : 20051223
<SEC-HEADER>0000078150-05-000059.hdr.sgml : 20051223
<ACCEPTANCE-DATETIME>20051223060233
ACCESSION NUMBER:		0000078150-05-000059
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051223
FILED AS OF DATE:		20051223
DATE AS OF CHANGE:		20051223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHILIPPINE LONG DISTANCE TELEPHONE CO
		CENTRAL INDEX KEY:			0000078150
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03006
		FILM NUMBER:		051283761

	BUSINESS ADDRESS:	
		STREET 1:		RAMON CONJUANGCO BLDG
		STREET 2:		MAKATI AVE
		CITY:			MAKATI METRO MANILA
		STATE:			R6
		ZIP:			0721
		BUSINESS PHONE:		0116328143552

	MAIL ADDRESS:	
		STREET 1:		RAMON CONJUANGCO BLDG
		STREET 2:		MAKATI AVE
		CITY:			MAKATI METRO MANILA
		STATE:			R6
		ZIP:			0721
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>moodys_ussec.htm
<DESCRIPTION>DISCLOSURE LETTER
<TEXT>
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</head>

<body style='font-family:arial,helvetica,sans-serif;font-size:9pt'  lang=EN-US link=blue vlink=purple style='text-justify-trim:punctuation'>

<div>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">SECURITIES AND EXCHANGE COMMISSION</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Washington, D.C.  20549</p>

<p style='margin-top:0in' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">FORM 6 -K</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Report of Foreign Private Issuer</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Pursuant to Rule 13a-16 or 15d-16 </p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Of the Securities Exchange Act of 1934</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">For the month of December 2005</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Commission File Number 1-03006</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Philippine Long Distance Telephone Company</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">(Exact Name of Registrant as specified in its
Charter)</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Ramon Cojuangco Building</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Makati Avenue</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Makati City</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Philippines</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">(Address of principal executive offices)</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">(Indicate by check mark whether the registrant files or
will file annual reports under cover of Form 20-F or Form 40-F.)</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='margin-left:144.9pt;border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Form 20-F:  y</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Form 40-F:  o</p>
 </td>
 </tr>
</table></center></div>

<p align=center style='margin-top:0in;margin-right:42.0pt;
margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-top:0in;margin-right:42.0pt;margin-bottom:
0in;margin-left:.75in;margin-bottom:.0001pt;text-align:justify;text-justify:
inter-ideograph' style="margin-top:0;margin-bottom:0">(Indicate by check mark
whether by furnishing the information contained in this form, the registrant is
also thereby furnishing the information to the commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act 1934.)</p>

<p align=center style='margin-top:0in;margin-right:42.0pt;
margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='margin-left:144.9pt;border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='margin-top:0in;margin-right:42.0pt;margin-bottom:
 0in;margin-left:.75in;margin-bottom:.0001pt;text-align:justify;text-justify:
 inter-ideograph' style="margin-top:0;margin-bottom:0">Yes: o</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='margin-top:0in;margin-right:42.0pt;margin-bottom:
 0in;margin-left:.75in;margin-bottom:.0001pt;text-align:justify;text-justify:
 inter-ideograph' style="margin-top:0;margin-bottom:0">No:  y</p>
 </td>
 </tr>
</table></center></div>

<p align=center style='margin-top:0in;margin-right:42.0pt;
margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-top:0in;margin-right:42.0pt;margin-bottom:
0in;margin-left:.75in;margin-bottom:.0001pt;text-align:justify;text-justify:
inter-ideograph' style="margin-top:0;margin-bottom:0">(If &#147;Yes&#148; is marked, indicate
below the file number assigned to the registrant in connection with Rule
12g3-2(b):  82-_____)</p>

<br clear=all
style='page-break-before:always'>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">Enclosure:</p>

<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:42.0pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:42.0pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:42.0pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style=';text-align:justify;text-justify:
inter-ideograph;text-indent:.5in' style="margin-top:0;margin-bottom:0">A copy of the disclosure letter we sent today
to the Philippine Stock Exchange and the Securities and Exchange Commission
regarding the <a name="OLE_LINK1">press release issued by Moody&#146;s Investors
Service (Moody&#146;s) entitled &#147;Moody&#146;s Raises PLDT&#146;s Local Currency Corporate
Family Rating to Ba1; Outlook Positive&#148;.</a></p>

<p style='margin-right:.5in;text-indent:.5in' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:.5in' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<br clear=all
style='page-break-before:always'>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  cellpadding=0 cellspacing=0>
 <tr>
 <td  height=62 style='vertical-align:top'>



 <div style='padding:3.6pt 7.2pt 3.6pt 7.2pt'>
 <p style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>
 </div>
 <p style="margin-top:0;margin-bottom:0">

 &nbsp;</td>
 </tr>
</table></center></div>

&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<br clear=ALL>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">December 23, 2005</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0" style="margin-top:0;margin-bottom:0">&nbsp;</h3>
 </td>
 </tr>
</table></center></div>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0" style="margin-top:0;margin-bottom:0">The Philippine Stock Exchange</h6>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Disclosure Department</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">4<sup>th</sup> Floor PSE Centre</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Exchange Road,
Ortigas Center</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Pasig City</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Attention:        Ms. Jurisita M. Quintos </p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">                        <u>Senior Vice President </u></p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">Ladies and Gentlemen:</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">In
compliance with Section 17.1(b) and Section 17.3 of the Securities Regulation
Code, we submit herewith a copy of SEC Form 17-C with a press release issued by
Moody&#146;s Investors Service (Moody&#146;s) attached thereto entitled &#147;Moody&#146;s Raises
PLDT&#146;s Local Currency Corporate Family Rating to Ba1; Outlook Positive&#148;.</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">This shall also serve as the disclosure letter for the
purpose of complying with the PSE Revised Disclosure Rules.</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Respectfully yours,</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">MA. LOURDES C. RAUSA-CHAN </p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Corporate Secretary </p>

<br clear=all
style='page-break-before:always'>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">December 23, 2005</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">SECURITIES
&amp; EXCHANGE COMMISSION</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Money
Market Operations Department</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">SEC
 Building, EDSA</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Mandaluyong
 City</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Attention         :           Director
Justina F. Callangan</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">                                    Corporations
Finance Department</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Gentlemen:</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Re       :           Philippine Long Distance
Telephone Company</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">                        SEC
Registration No. PW-55</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">In
accordance with Section 17.1 (b) of the Securities Regulation Code, we submit
herewith five (5) copies of a Current Report with a press release issued by
Moody&#146;s Investors Service (Moody&#146;s) attached thereto entitled &#147;Moody&#146;s Raises
PLDT&#146;s Local Currency Corporate Family Rating to Ba1; Outlook Positive&#148;.</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Very
truly yours,</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">MA. LOURDES C. RAUSA-CHAN</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Corporate Secretary</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<br
clear=all style='page-break-before:always'>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">                                           <b>SECURITIES AND EXCHANGE
COMMISSION</b></p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>

<p style='margin-top:0in' style="margin-top:0;margin-bottom:0"><b>SEC FORM 17-C</b></p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0"><b>CURRENT REPORT UNDER SECTION 17</b></p>

<p style="margin-top:0;margin-bottom:0">OF THE
SECURITIES REGULATION CODE</p>

<p style="margin-top:0;margin-bottom:0">AND SRC
RULE 17.1</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify;text-justify:
inter-ideograph;text-indent:-.5in' style="margin-top:0;margin-bottom:0">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
December 23,
 2005</p>

<p style='margin-left:.5in;text-align:justify;text-justify:
inter-ideograph' style="margin-top:0;margin-bottom:0">(Date of
earliest event reported)</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify;text-justify:
inter-ideograph;text-indent:-.5in' style="margin-top:0;margin-bottom:0">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
SEC
Identification Number  PW-55</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify;text-justify:
inter-ideograph;text-indent:-.5in' style="margin-top:0;margin-bottom:0">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
BIR Tax
Identification No. 000-488-793</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-top:0in;;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-.5in' style="margin-top:0;margin-bottom:0">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
PHILIPPINE LONG DISTANCE TELEPHONE
COMPANY                                            </p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">            Exact
name of registrant as specified in its charter</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify;text-justify:
inter-ideograph;text-indent:-.5in' style="margin-top:0;margin-bottom:0">5.         PHILIPPINES
      6. _____________ (SEC Use Only)  </p>

<p style='margin-left:.5in;text-align:justify;text-justify:
inter-ideograph;text-indent:-.5in' style="margin-top:0;margin-bottom:0">           Province, country or other
jurisdiction          Industry Classification Code</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">           of Incorporation</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">7.         9<sup>th</sup> Floor MGO Building</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">            Legaspi corner dela
Rosa Streets, Makati City                            1200 </p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">            Address of principal
office                                                               Postal
Code</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">8.         (632)
816-8553                                           </p>

<p style="margin-top:0;margin-bottom:0" style="margin-top:0;margin-bottom:0">           Registrant's
telephone number, including area code</h4>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">9.         Not
Applicable                                                               </p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">            Former name or
former address, if changed since last report</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">10.       Securities registered
pursuant to Sections 8 and 12 of the SRC</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">            Title of Each Class
          Number of Shares of Common Stock</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">
          Licensed and Amount of Debt Outstanding</p>

<p style='margin-left:.5in;text-align:justify;text-justify:
inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<br clear=all
style='page-break-before:always'>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">            Attached
hereto is a press release issued by Moody&#146;s Investors Service (Moody&#146;s)
entitled &#147;Moody&#146;s Raises PLDT&#146;s Local Currency Corporate Family Rating to Ba1;
Outlook Positive&#148;.</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">SIGNATURE</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">            Pursuant
to the requirements of the Securities Regulation Code, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereto duly
authorized.</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">PHILIPPINE
 LONG DISTANCE</p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">TELEPHONE
 COMPANY</p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">MA. LOURDES C. RAUSA-CHAN </p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Corporate Secretary</p>
 <p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 </td>
 </tr>
</table></center></div>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Date:  December 23, 2005</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Distribution Copies:  5 copies &#150; Securities &amp;
Exchange Commission</p>

<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:.5in' style="margin-top:0;margin-bottom:0">                        1
copy    - Philippine Stock Exchange</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">                                    1 copy    -
Company Secretary</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<br
clear=all style='page-break-before:always'>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">MOODY'S RAISES PLDT's LOCAL
CURRENCY CORPORATE FAMILY RTG TO Ba1</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">2005-12-22 02:24 (New York)</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Sydney                        Hong Kong</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Charles F. Macgregor          Clara Lau</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">VP - Senior Credit Officer    Senior Vice President</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Corporate Finance Group       Corporate Finance
Group</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Moody's Investors Service Pty Moody's Asia Pacific
Ltd.</p>

<p style=';text-autospace:none' style="margin-top:0;margin-bottom:0">Ltd</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">JOURNALISTS: (612) 9270-8102  JOURNALISTS: (852)
2916-1150</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">SUBSCRIBERS: (612) 9270-8100  SUBSCRIBERS: (852)
2916-1121</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">MOODY'S RAISES PLDT's LOCAL CURRENCY CORPORATE
FAMILY RATING TO Ba1;</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">OUTLOOK POSITIVE</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Approximately US$1 billion of Debt Securities
Affected.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Sydney, December 22, 2005 -- Moody's Investors Service today upgraded the long-term
ratings of Philippine Long Distance Company (PLDT). The upgrade reflects
ongoing improvements in PLDT's financial profile as it continues to enjoy
healthy free cash generation and reduces its debt load. At the same time
Moody's withdrew PLDT's preferred stock ratings following conversion of rated
stock in December 2005. The rating outlook on the local currency rating is
positive, while on the foreign currency rating it is negative, reflecting the
sovereign outlook.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">The ratings upgraded are:</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Local Currency Corporate Family Rating to Ba1 from
Ba2</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Foreign Currency Senior Unsecured Rating to Ba2 from
Ba3</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">The ratings withdrawn are:</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Foreign Currency Preferred Stock Rating of B1</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Foreign Currency Preferred Stock Shelf Rating of
(P)B1</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Moody's notes the Ba1 local currency rating is
principally driven by</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">PLDT's position as the largest telecommunications
operator in the</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Philippines, its strengthening financial profile and its free
cash flow</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">generative status. The rating also considers the
effective industry</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">duopoly prevailing in the Philippines and the rise in barriers
against</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">competitors, given the network and marketing
strengths of the incumbents.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">On the other hand, the rating factors in the risks
associated with the</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">political and economic uncertainty evident in the Philippines. Notably,</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">any deterioration in the political environment or
changes in the</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">regulatory regime could impact PLDT's operating
profile and/or tax base</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">that could impair prospects for continued growth
and, at the margin,</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">impact PLDT's financial profile. PLDT's continues to
be exposed the</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">challenges of servicing foreign currency debt
obligations with cash flow</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">primarily denominated in Pesos, albeit this risk has
diminished with</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">lower levels of debt and higher effective hedging of
exposure - now over</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">50% of debt is covered.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Moody's commented that should Smart's debt increase
from its current level of 26% of PLDT's total consolidated debt, there is a
possibility that structural subordination could become an issue for the
ratings, although this would be a function of debt and cash flows at various
entities at any given time.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Moody's notes that up to five 3G licences may be
awarded in the</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Philippines the next six months. There is unlikely to be an
upfront fee;</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">rather, licencees will be required to have an
operable service offering</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">within 12 months and a ubiquitous offering within
five years. It is</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">likely that the current players will be awarded
licences and continue to dominate the market. PLDT expects capex to rise to
around P20-25 billion per annum. This would encompass both 3G buildout and
upgrading of fixed line network to an all IP network. Moody's expects that PLDT
will continue to generate strong free cash flows notwithstanding the increases in
capex and dividends.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">PLDT's current foreign currency senior unsecured
debt rating of Ba2 is</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">above the Philippines' foreign currency country ceiling of B1. The</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">foreign currency senior unsecured debt rating
incorporates convertibility risk, which is the likelihood of the government
declaring a debt moratorium to counter a foreign currency crisis. Moody's views
foreign currency bonds subject to international law as less likely to be
subject to a debt moratorium than foreign currency obligations subject to local
law.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">The ratings outlook for the local currency corporate
family rating is</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">positive as a result of PLDT's strong and stable
free cash flow and</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">reducing debt. PLDT currently enjoys a healthy
financial and operating</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">risk profile, and downward pressure on the rating is
not expected. Event</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">risk is, however, apparent due to sovereign-related
issues that could</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">manifest in changes in either tax or regulatory environments.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Moody's notes the rating could experience upward
pressure if there are no adverse developments with the issuance of 3G licences
and the regulatory environment remains stable. There could also be upward
pressure should PLDT continue to strengthen its profile through increasing
profitability and decreasing debt, such that the ratio of Adj. Debt to Adj.
EBITDA falls below 1.5x on a sustainable basis while achieving a ratio of FFO+Interest/Interest
ratio of above 5.5x.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">The foreign currency ratings have a negative outlook
and would be</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">downgraded should the Philippines' foreign currency country ceiling of B1 be
downgraded.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Philippine Long Distance Company, based in Manila, Republic of</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Philippines, is that country's leading provider of integrated</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">telecommunication services.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Copyright 2005, Moody's Investors Service, Inc.
and/or its licensors including</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Moody's Assurance Company, Inc. (together,
&quot;MOODY'S&quot;). All rights reserved.</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0"> </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY
COPYRIGHT LAW AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE
REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED,
REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN
WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY
PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. All information contained herein
is obtained by MOODY'S from sources believed by it to be accurate and reliable.
Because of the possibility of human or mechanical error as well as other
factors, however, such information is provided &quot;as is&quot; without
warranty of any kind and MOODY'S, in particular, makes no representation or
warranty, express or implied, as to the accuracy, timeliness, completeness,
merchantability or fitness for any particular purpose of any such information.
Under no circumstances shall MOODY'S have any liability to any person or entity
for (a) any loss or damage in whole or in part caused by, resulting from, or
relating to, any error (negligent or otherwise) or other circumstance or
contingency within or outside the control of MOODY'S or any of its directors,
officers, employees or agents in connection with the procurement, collection,
compilation, analysis, interpretation, communication, publication or delivery
of any such information, or (b) any direct, indirect, special, consequential,
compensatory or incidental damages whatsoever (including without limitation,
lost profits), even if MOODY'S is advised in advance of the possibility of such
damages, resulting from the use of or inability to use, any such information.
The credit ratings and financial reporting analysis observations, if any,
constituting part of the information contained herein are, and must be
construed solely as, statements of opinion and not statements of fact or
recommendations to purchase, sell or hold any securities. NO WARRANTY, EXPRESS
OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR
FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR
INFORMATION IS GIVEN OR MADE BY MOODY'S IN ANY FORM OR MANNER WHATSOEVER. Each
rating or other opinion must be weighed solely as one factor in any investment
decision made by or on behalf of any user of the information contained herein,
and each such user must accordingly make its own study and evaluation of each
security and of each issuer and guarantor of, and each provider of credit
support for, each security that it may consider purchasing, holding or selling.
MOODY'S hereby discloses that most issuers of debt securities (including
corporate and municipal bonds, debentures, notes and commercial paper) and
preferred stock rated by MOODY'S have, prior to assignment of any rating,
agreed to pay to MOODY'S for appraisal and rating services rendered by it fees
ranging from $1,500 to $2,400,000. Moody's Corporation (MCO) and its
wholly-owned credit rating agency subsidiary, Moody's Investors Service (MIS),
also maintain policies and procedures to address the independence of MIS's
ratings and rating processes. Information regarding certain affiliations that
may exist between directors of MCO and rated entities, and between entities who
hold ratings from MIS and have also publicly reported to the SEC an ownership
interest in MCO of more than 5%, is posted annually on Moody's website at
www.moodys.com under the heading &quot;Shareholder Relations &#150; Corporate
Governance - Director and Shareholder Affiliation Policy.&quot; </p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-autospace:none' style="margin-top:0;margin-bottom:0">Moody's Investors Service Pty Limited does not hold
an Australian financial services licence under the Corporations Act. This
credit rating opinion has been prepared without taking into account any of your
objectives, financial situation or needs. You should, before acting on the
opinion, consider the appropriateness of the opinion having regard to your own
objectives, financial situation and needs.</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<b><br clear=all
style='page-break-before:always'>
</b>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">SIGNATURES</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-top:0in;margin-right:42.0pt;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-top:0in;margin-right:42.0pt;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style=';text-align:justify;text-justify:
inter-ideograph;text-indent:.5in' style="margin-top:0;margin-bottom:0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.</p>

<p align=left style='margin-top:0in;margin-right:42.0pt;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='margin-top:0in;margin-right:42.0pt;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=right style=';text-align:right' style="margin-top:0;margin-bottom:0">PHILIPPINE LONG DISTANCE TELEPHONE
COMPANY</p>

<p align=left style=';text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style=';text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style=';text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style=';text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-top:0in;;margin-bottom:0in;
margin-left:192.0pt;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">By          :     </p>

<p style='margin-top:0in;;margin-bottom:0in;
margin-left:192.0pt;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Name    :     Ma. Lourdes C. Rausa-Chan</p>

<p style='margin-top:0in;;margin-bottom:0in;
margin-left:192.0pt;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph' style="margin-top:0;margin-bottom:0">Title       :     Corporate
Secretary</p>

<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:3.75in' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">Date:  December 23, 2005</p>

</div>

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style='page-break-before:auto'>

<div>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

</div>

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