Provida Pension Fund Administrator (PVD) 6-K Current report (foreign)

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of March, 2010

Commission File Number: 001-13406

Provida Pension Fund Administrator

(Translation of registrant’s name into English)

Avenida Pedro de Valdivia 100

Santiago, Chile

011-562-697-0040

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes No X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes No X

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 of 1934:

Yes No X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

Provida Pension Fund Administrator

TABLE OF CONTENTS

Item
1.	Notice of Material Event dated March 1, 2010

For Immediate Release

Inquiries – Please contact:

Mr. Rodrigo Peña Socías

General Counsel

Phone :(56 2) 351 1187

Fax     : (56 2) 351 1717

Santiago, Chile –March 1, 2010.

A.F.P. PROVIDA S.A. (NYSE: PVD) REPORTS A MATERIAL EVENT

Mr. Ricardo Rodriguez Marengo, Chief Executive Officer of AFP Provida, reported a material event to the Superintendent of Pension Fund Administrators (SAFP), to the Superintendent of Securities and Insurance (SVS) and to all of the Chilean Stock Exchanges on February 26, 2010. The communication informed the following:

In accordance with articles 9 and 10 of Law 18,045 of the Chilean Securities Exchange Act, please be advised of the material event that Mrs. Ximena Rincón González, Mr. Francisco Javier Sala Domínguez and Mr. José Manuel Doiztua García resigned from their positions as directors of AFP Provida effective February 26, 2010. These resignations were accepted by the Board of Directors at a meeting held on February 25, 2010.

Until the next Ordinary Shareholders’ meeting, Mr. Jorge Marshall Rivera, Alternate Autonomous Director, will replace Mrs. Rincón González. The Board of Directors decided not to fill the positions of Mr. Sala Domínguez and Mr. Doiztua García.

Santiago, Chile, March 1, 2010.

SIGNATURE

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.

		Provida Pension Fund Administrator
Date:	March 1, 2010	By:	/s/ Juan Sepúlveda
			Name:	Juan Sepúlveda
			Title:	Accounting Manager of Administradora de Fondos de Pensiones Provida S.A.
Date:	March 1, 2010	By:	/s/ María Paz Yañez
			Name:	María Paz Yañez
			Title:	Planning and Control Manager of Administradora de Fondos de Pensiones Provida S.A.