COVER SHEET PHILIPPINE SEVEN CORPORATION - 7-Eleven

- 2 -Stockholders’ EquityCapital stock (Note 17) - 1 par valueAuthorized - 400,000,000 sharesIssued - 261,663,450 and 237,938,250 shares as ofDecember 31, 2008 and 2007, respectively[held by 724 and 703 equity holders in 2008 and 2007,respectively (Note 1)]December 312008 2007261,663,4237,938,25050Additional paid-in capital 293,525,037 293,525,037Retained earnings (Note 17) 196,616,699 136,070,248Revaluation increment in land - net of deferred income taxliability (Notes 8 and 27)3,229,895 2,999,188755,035,081 670,532,723Cost of 686,250 shares held in treasury (2,923,246) (2,923,246)Total Stockholders’ Equity 752,111,835 667,609,4772,264,185,951 1,878,708,176TOTAL LIABILITIES ANDSTOCKHOLDERS’ EQUITYSee accompanying Notes to Consolidated Financial Statements.