SCHEDULE 13G/A
CUSIP No: 718252604
1)NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: Lazard Asset Management LLC
2)CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)o (b)o
3)SEC USE ONLY
4)CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5)SOLE VOTING POWER: 10,133,327
6)SHARED VOTING POWER: -
7)SOLE DISPOSITIVE POWER: 13,725,776
8)SHARED DISPOSITIVE POWER: -
9)AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 13,725,776
10)CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
11)PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 7.35%
12)TYPE OF REPORTING PERSON: IA
Item 1(a). Name of Issuer:
Philippine Long Distance Tele Spon ADR
Item 1(b). Address of Issuer's Principal Executive Offices:
Ramon Cojuangco Building
Makati Avenue
Makati City, 1200
Philippines
Item 2(a). Name of Person Filing: Lazard Asset Management LLC
Item 2(b). Address of Principal Business Office or, if None, Residence:
30 Rockefeller Plaza
New York, New York 10112
Item 2(c):Citizenship: Delaware Limited Liability Company
Item 2(d):Title of Class of Securities: American Depository Receipt
Item 2(e):CUSIP Number: 718252604
Item 3:If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
o
(a) Broker or Dealer Registered Under Section 15 of the ActItem 4: Ownership.
(a)Amount beneficially owned: 13,725,776
(b)percent of class: 7.35%
(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote: 10,133,32
(ii)Shared power to vote or to direct the vote:-
(iii)Sole power to dispose or to direct the disposition of: 13,725,776
(iv)Shared power to dispose or to direct the disposition of:-
Item 5:Ownership of Five Percent or Less of a Class: Not Applicable
Item 6:Ownership of More than Five Percent on Behalf of Another Person:Not Applicable
Item 7:Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not applicable
Item 8:Identification and Classification of Members of the Group: Not applicable
Item 9:Notice of Dissolution of Group:Not applicable
Item 10:Certification.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct.
Date: January 23, 2012
_________________________
Brian Simon
Chief Compliance Officer