[1] In front of 11,000 fans at the Rizal Memorial Coliseum on May 10, the Crispa-Floro Redmanizers and Toyota Comets clash for the first time in what could be the start of their long-storied rivalry.
The Redmanizers hacked out a 139–133 victory to hand the Comets their first loss of the season and halted their seven-game winning streak.
Members of the Brown team were Ramon Fernandez, William Adornado, Rudolf Kutch, Rudy Soriano, Atoy Co, Francis Arnaiz, Larry Mumar, Dave Regullano, Freddie Hubalde, Reynaldo Alcantara, Estoy Estrada, Rey Franco, Cristino Reynoso, Jimmy Noblezada and Romy Cabading, the Yellow team were composed of Robert Jaworski, Rosalio Martirez, Bernie Fabiosa, Johnny Revilla, Lim Eng Beng, Gregorio Dionisio, Danny Florencio, Jimmy Mariano, Adriano Papa, Manny Paner, Abet Guidaben, Rodolfo Segura, Ricardo Cleofas, Ramon Lucindo and Romeo Frank, who replaced the suspended Philip Cezar.
The first All-Filipino Conference was reclassified as an import-laced tournament since the league gave teams the option to hire foreign players or "imports".
Both tournaments were renamed as First and Second Conference based on the records under the "Winners circle over the years" section of the official PBA Annual, Hardcourt, since its 2001 edition.