Northrop Grumman Space & Mission Systems 11-K Annual report of employee stock purchases

TABLE OF CONTENTS

Exhibit 23--Consent of Independent Auditors

Exhibit 24--Power of Attorney

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

(Mark One):
[ X ]	ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
	For the fiscal year ended: December 31, 2000
	OR
[    ]	TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
	For the transition period from                            to
	Commission file number   1-2384
	A.	Full title of the plan and the address of the plan, if different from that of the issuer named below:
	The TRW Employee Stock Ownership and Savings Plan
	B.	Name of issuer of the securities held pursuant to the plan and the address of its principal executive officer:
	TRW Inc. 1900 Richmond Road Cleveland, Ohio 44124

Audited Financial Statements and Supplemental
Schedules

The TRW Employee Stock
Ownership and Savings Plan

December 31, 2000 and 1999

Plan Number: 027

Plan Sponsor
TRW Inc.

Employer Identification Number: 34-0575430

Plan Administrator
TRW Inc.

Report of Independent Auditors

Board of Administration
The TRW Employee Stock Ownership
      and Savings Plan

We have audited the accompanying statements of net assets available for benefits of The TRW Employee Stock Ownership and Savings Plan as of December 31, 2000 and 1999, and the related statement of changes in net assets available for benefits for the year ended December 31, 2000. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of The TRW Employee Stock Ownership and Savings Plan as of December 31, 2000 and 1999, and the changes in net assets available for benefits for the year ended December 31, 2000, in conformity with accounting principles generally accepted in the United States.

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying supplemental schedule of assets held for investment purposes at the end of year as of December 31, 2000, and the schedule of reportable transactions for the year then ended, are presented for purposes of complying with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, and are not a required part of the basic financial statements. The Fund Information in the statement of net assets available for benefits and the statement of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for benefits and changes in net assets available for benefits of each fund. The supplemental schedules and Fund Information have been subjected to the auditing procedures applied in our audit of the financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.

	/s/ Ernst & Young LLP
April 27, 2001
Cleveland, Ohio

1

The TRW Employee Stock Ownership and Savings Plan

Statement of Net Assets Available for Benefits, with Fund Information

December 31, 2000

	TRW Stock Fund
					Putnam
	Participant		Non-Participant		S&P 500
	Directed		Directed		Index Fund
Assets
Investments:
TRW Common Stock		$349,359,922	$	481,725,186
Putnam S&P 500 Index Fund					$	662,436,491
Guaranteed investment     contracts
Putnam Small Company Equity     Fund
Putnam Income Fund
PBHG Emerging Growth Fund
Bernstein International Value     Portfolio II
Putnam Investors Fund
George Putnam Fund of Boston
Putnam International Growth     Fund
Pimco Total Return Fund
Putnam Vista Fund
Fidelity Magellan Fund
Putnam Money Market Fund
DLJDirect Securities Account
Putnam Bond Index Fund
Participant loans receivable
Cash
Receivable for investments sold						2,089,936
Interest and dividends receivable						573,654
Receivable from other funds		150,057
Total assets		349,509,979		481,725,186		665,100,081
Liabilities
Accrued expenses		28,343		20,524		149,693
Payable for securities purchased						1,971,026
Total liabilities		28,343		20,524		2,120,719
Net assets available for benefits		$349,481,636	$	481,704,662	$	662,979,362

[Additional columns below]

[Continued from above table, first column(s) repeated]

			Putnam Small
	Primco Stable		Company		Putnam
	Value Fund		Equity Fund		Income Fund
Assets
Investments:
TRW Common Stock
Putnam S&P 500 Index Fund
Guaranteed investment contracts	$	422,213,090
Putnam Small Company Equity Fund			$	152,709,997
Putnam Income Fund					$         –
PBHG Emerging Growth Fund
Bernstein International Value Portfolio II
Putnam Investors Fund
George Putnam Fund of Boston
Putnam International Growth Fund
Pimco Total Return Fund
Putnam Vista Fund
Fidelity Magellan Fund
Putnam Money Market Fund
DLJDirect Securities Account
Putnam Bond Index Fund
Participant loans receivable
Cash				44,500
Receivable for investments sold		524,733		2,416,773
Interest and dividends receivable				107,984
Receivable from other funds		108,339
Total assets		422,846,162		155,279,254
Liabilities
Accrued expenses		118,909		42,566
Payable for securities purchased		573,257		551,139
Total liabilities		692,166		593,705
Net assets available for benefits	$	422,153,996	$	154,685,549	$         –

[Additional columns below]

[Continued from above table, first column(s) repeated]

	PBHG		Bernstein
	Emerging		International		Putnam		George Putnam
	Growth Fund		Value Portfolio II		Investors Fund		Fund of Boston
Assets
Investments:
TRW Common Stock
Putnam S&P 500 Index Fund
Guaranteed investment     contracts
Putnam Small Company Equity     Fund
Putnam Income Fund
PBHG Emerging Growth Fund	$	86,110,495
Bernstein International Value     Portfolio II			$	28,261,160
Putnam Investors Fund					$	146,854,131
George Putnam Fund of Boston							$	–
Putnam International Growth     Fund
Pimco Total Return Fund
Putnam Vista Fund
Fidelity Magellan Fund
Putnam Money Market Fund
DLJDirect Securities Account
Putnam Bond Index Fund
Participant loans receivable
Cash
Receivable for investments sold
Interest and dividends receivable
Receivable from other funds
Total assets		86,110,495		28,261,160		146,854,131
Liabilities
Accrued expenses		7,608		1,746		10,490
Payable for securities purchased
Total liabilities		7,608		1,746		10,490
Net assets available for benefits	$	86,102,887	$	28,259,414	$	146,843,641	$	–

2

The TRW Employee Stock Ownership and Savings Plan

Statement of Net Assets Available for Benefits, with Fund Information (continued)

December 31, 2000

	Putnam
	International		Pimco Total		TRW
	Growth Fund		Return Fund		Balanced Fund
Assets
Investments:
TRW Common Stock
Putnam S&P 500 Index Fund					$	26,776,877
Guaranteed investment contracts
Putnam Small Company Equity     Fund
Putnam Income Fund
PBHG Emerging Growth Fund
Bernstein International Value     Portfolio II
Putnam Investors Fund
George Putnam Fund of Boston
Putnam International Growth Fund		$11,713,947
Pimco Total Return Fund			$	47,513,681
Putnam Vista Fund
Fidelity Magellan Fund
Putnam Money Market Fund
DLJDirect Securities Account
Putnam Bond Index Fund						17,851,252
Participant loans receivable
Cash
Receivable for investments sold
Interest and dividends receivable
Receivable from other funds				127,449
Total assets		11,713,947		47,641,130		44,628,129
Liabilities
Accrued expenses		639		2,516		2,720
Payable for securities purchased
Total liabilities		639		2,516		2,720
Net assets available for benefits		$11,713,308	$	47,638,614	$	44,625,409

[Additional columns below]

[Continued from above table, first column(s) repeated]

					Putnam
			Fidelity		Money
	Putnam		Magellan		Market
	Vista Fund		Fund		Fund
Assets
Investments:
TRW Common Stock
Putnam S&P 500 Index Fund
Guaranteed investment contracts
Putnam Small Company Equity Fund
Putnam Income Fund
PBHG Emerging Growth Fund
Bernstein International Value Portfolio II
Putnam Investors Fund
George Putnam Fund of Boston
Putnam International Growth Fund
Pimco Total Return Fund
Putnam Vista Fund	$	29,434,659
Fidelity Magellan Fund			$	18,305,954
Putnam Money Market Fund					$	3,873,329
DLJDirect Securities Account
Putnam Bond Index Fund
Participant loans receivable
Cash
Receivable for investments sold
Interest and dividends receivable
Receivable from other funds				4,532		132,240
Total assets		29,434,659		18,310,486		4,005,569
Liabilities
Accrued expenses		1,758		971
Payable for securities purchased
Total liabilities		1,758		971
Net assets available for benefits	$	29,432,901	$	18,309,515	$	4,005,569

[Additional columns below]

[Continued from above table, first column(s) repeated]

	Brokerage		Loan
	Gateway		Fund		Total
Assets
Investments:
TRW Common Stock					$	831,085,108
Putnam S&P 500 Index Fund						689,213,368
Guaranteed investment contracts						422,213,090
Putnam Small Company Equity Fund						152,709,997
Putnam Income Fund						–
PBHG Emerging Growth Fund						86,110,495
Bernstein International Value Portfolio II						28,261,160
Putnam Investors Fund						146,854,131
George Putnam Fund of Boston						–
Putnam International Growth Fund						11,713,947
Pimco Total Return Fund						47,513,681
Putnam Vista Fund						29,434,659
Fidelity Magellan Fund						18,305,954
Putnam Money Market Fund						3,873,329
DLJDirect Securities Account	$	18,098,091				18,098,091
Putnam Bond Index Fund						17,851,252
Participant loans receivable			$	56,369,752		56,369,752
Cash						44,500
Receivable for investments sold						5,031,442
Interest and dividends receivable						681,638
Receivable from other funds						522,617
Total assets		18,098,091		56,369,752		2,565,888,211
Liabilities
Accrued expenses						388,483
Payable for securities purchased						3,095,422
Total liabilities						3,483,905
Net assets available for benefits	$	18,098,091	$	56,369,752	$	2,562,404,306

3

The TRW Employee Stock Ownership and Savings Plan

Statement of Net Assets Available for Benefits, with Fund Information

December 31, 1999

		TRW Stock Fund
						Putnam
		Participant		Non-Participant		S&P 500		Primco Stable
		Directed		Directed		Index Fund		Value Fund
Assets
Investments:
	TRW Common Stock	$	378,560,209	$	660,439,454
	Putnam Income Fund
	PBHG Emerging Growth Fund
	Bernstein International Value Portfolio
	Putnam Investors Fund
	George Putnam Fund of Boston
	Putnam S&P 500 Index Fund					$	866,910,952
	Putnam Small Company Equity Fund
	Guaranteed investment contracts							$	502,627,561
	Participant loans receivable
Cash							514,122
Receivable from TRW
Receivable for investments sold							72,078
Receivable for portfolio shares issued							1,941,818		269,118
Interest and dividends receivable							770,957		2,592,276
Receivable from other funds			6,938						1,154,624
Receivable for futures							50,150
Total assets			378,567,147		660,439,454		870,260,077		506,643,579
Liabilities
Accrued expenses			22,292		39,629		178,370		133,080
Payable for securities purchased							263,014
Payable for portfolio shares redeemed							287,786		814,777
Total liabilities			22,292		39,629		729,170		947,857
Net assets available for benefits		$	378,544,855	$	660,399,825	$	869,530,907	$	505,695,722

[Additional columns below]

[Continued from above table, first column(s) repeated]

		Putnam Small				PBHG		Bernstein
		Company		Putnam		International		International
		Equity Fund		Income Fund		Growth Fund		Value Portfolio II
Assets
Investments:
	TRW Common Stock
	Putnam Income Fund			$	42,930,612
	PBHG Emerging Growth Fund					$	54,766,148
	Bernstein International Value Portfolio							$	34,338,870
	Putnam Investors Fund
	George Putnam Fund of Boston
	Putnam S&P 500 Index Fund
	Putnam Small Company Equity Fund	$	166,712,922
	Guaranteed investment contracts
	Participant loans receivable
Cash			200,297
Receivable from TRW			746,535
Receivable for investments sold
Receivable for portfolio shares issued
Interest and dividends receivable			133,359
Receivable from other funds
Receivable for futures			65,637
Total assets			167,858,750		42,930,612		54,766,148		34,338,870
Liabilities
Accrued expenses			41,627		2,708		1,972		1,895
Payable for securities purchased
Payable for portfolio shares redeemed			70,760
Total liabilities			112,387		2,708		1,972		1,895
Net assets available for benefits		$	167,746,363	$	42,927,904	$	54,764,176	$	34,336,975

[Additional columns below]

[Continued from above table, first column(s) repeated]

		Putnam		George Putnam
		Investors Fund		Fund of Boston		Loan Fund		Total
Assets
Investments:
	TRW Common Stock							$	1,038,999,663
	Putnam Income Fund								42,930,612
	PBHG Emerging Growth Fund								54,766,148
	Bernstein International Value Portfolio								34,338,870
	Putnam Investors Fund	$	191,053,304						191,053,304
	George Putnam Fund of Boston			$	55,735,698				55,735,698
	Putnam S&P 500 Index Fund								866,910,952
	Putnam Small Company Equity Fund								166,712,922
	Guaranteed investment contracts								502,627,561
	Participant loans receivable					$	61,552,113		61,552,113
Cash									714,419
Receivable from TRW									746,535
Receivable for investments sold									72,078
Receivable for portfolio shares issued									2,210,936
Interest and dividends receivable									3,496,592
Receivable from other funds									1,161,562
Receivable for futures									115,787
Total assets			191,053,304		55,735,698		61,552,113		3,024,145,752
Liabilities
Accrued expenses			9,628		3,619				434,820
Payable for securities purchased									263,014
Payable for portfolio shares redeemed									1,173,323
Total liabilities			9,628		3,619				1,871,157
Net assets available for benefits		$	191,043,676	$	55,732,079	$	61,552,113	$	3,022,274,595

4

The TRW Employee Stock Ownership and Savings Plan

Statement of Changes in Net Assets Available for Benefits, with Fund Information

Year Ended December 31, 2000

		TRW Stock Fund
								Putnam						Putnam Small
		Participant			Non-Participant			S&P 500			Primco Stable			Company
		Directed			Directed			Index Fund			Value Fund			Equity Fund
Investment income:
	Dividends	$	10,434,909		$	16,749,970
	Interest										$	28,643,715
Total investment income			10,434,909			16,749,970						28,643,715
Contributions from TRW Inc.						49,511,014
Contributions from participants			24,927,509					$	40,109,804			19,829,848		$	15,684,033
Net appreciation (depreciation) in fair value of investments			(82,078,551	)		(161,705,235	)		(69,756,997	)					(9,669,066	)
Transfers from other funds			215,498,047						80,407,032			247,837,967			43,098,863
Transfer from other plan												247,256
Interest income on participant loans			1,343,168						1,253,651			896,258			402,415
Participant loan disbursements
Participant loan repayments			6,135,401						6,296,506			4,381,432			2,026,766
Other						543						157,794
			176,260,483			(95,443,708	)		58,309,996			301,994,270			51,543,011
Less:
	Distributions		28,696,718			75,225,441			70,928,159			74,389,969			16,323,326
	Excess contributions								2,025			4,142
	Participant loan defaults
	Participant loan repayments
	Participant loan disbursements		6,529,405						6,009,326			4,577,044			2,081,399
			35,226,123			75,225,441			76,939,510			78,971,155			18,404,725
Administrative expenses			198,380			143,654			88,464			136,643			58,274
Transfers to other funds			169,899,199			7,882,360			187,833,567			306,428,198			46,140,826
Transfers to other plans
			205,323,702			83,251,455			264,861,541			385,535,996			64,603,825
Increase (decrease) in net assets for the year			(29,063,219	)		(178,695,163	)		(206,551,545	)		(83,541,726	)		(13,060,814	)
Net assets available for benefits at beginning of year			378,544,855			660,399,825			869,530,907			505,695,722			167,746,363
Net assets available for benefits at end of year		$	349,481,636		$	481,704,662		$	662,979,362		$	422,153,996		$	154,685,549

[Additional columns below]

[Continued from above table, first column(s) repeated]

					PBHG			Bernstein
		Putnam			Emerging			International			Putnam			George Putnam
		Income Fund			Growth Fund			Value Portfolio II			Investors Fund			Fund of Boston
Investment income:
	Dividends	$	1,364,007		$	7,154,591		$	4,609,870		$	2,422,128		$	989,670
	Interest
Total investment income			1,364,007			7,154,591			4,609,870			2,422,128			989,670
Contributions from TRW Inc.
Contributions from participants			2,221,914			13,793,488			4,334,292			21,041,875			3,242,924
Net appreciation (depreciation) in fair value of investments			(566,835	)		(47,509,940	)		(5,462,405	)		(35,574,486	)		(812,351	)
Transfers from other funds			18,267,479			195,413,628			13,021,402			70,274,704			9,061,977
Transfer from other plan			105,324									1,125,204			590,999
Interest income on participant loans			48,574			365,931			88,729			471,720			65,632
Participant loan disbursements
Participant loan repayments			293,326			1,917,272			410,658			2,466,437			344,178
Other
			21,733,789			171,134,970			17,002,546			62,227,582			13,483,029
Less:
	Distributions		2,231,357			9,686,602			3,253,930			19,777,484			2,727,679
	Excess contributions
	Participant loan defaults
	Participant loan repayments
	Participant loan disbursements		251,727			1,580,155			420,343			1,960,594			277,304
			2,483,084			11,266,757			3,674,273			21,738,078			3,004,983
Administrative expenses			4,749			38,584			10,225			57,996			5,718
Transfers to other funds			62,173,860			128,490,918			19,395,609			84,631,543			66,204,407
Transfers to other plans
			64,661,693			139,796,259			23,080,107			106,427,617			69,215,108
Increase (decrease) in net assets for the year			(42,927,904	)		31,338,711			(6,077,561	)		(44,200,035	)		(55,732,079	)
Net assets available for benefits at beginning of year			42,927,904			54,764,176			34,336,975			191,043,676			55,732,079
Net assets available for benefits at end of year		$	–		$	86,102,887		$	28,259,414		$	146,843,641		$	–

5

The TRW Employee Stock Ownership and Savings Plan

Statement of Changes in Net Assets Available for Benefits, with Fund Information (continued)

Year Ended December 31, 2000

		Putnam
		International			Pimco Total		TRW			Putnam			Fidelity
		Growth Fund			Return Fund		Balanced Fund			Vista Fund			Magellan Fund
Investment income:
	Dividends	$	971,385		$	1,388,173				$	6,256,009		$	289,166
	Interest
Total investment income			971,385			1,388,173					6,256,009			289,166
Contributions from TRW Inc.
Contributions from participants			767,804			1,928,070	$	2,167,333			1,949,164			1,859,893
Net appreciation (depreciation) in fair value of investments			(2,102,670	)		1,724,300		(979,061	)		(12,410,477	)		(2,450,957	)
Transfers from other funds			14,166,807			53,784,449		53,120,184			42,629,525			22,406,918
Transfer from other plan
Interest income on participant loans			15,965			51,488		63,071			44,505			36,930
Participant loan disbursements
Participant loan repayments			79,775			251,767		288,003			205,292			178,815
Other
			13,899,066			59,128,247		54,659,530			38,674,018			22,320,765
Less:
	Distributions		133,940			2,452,992		2,546,241			383,006			186,137
	Excess contributions
	Participant loan defaults
	Participant loan repayments
	Participant loan disbursements		41,691			387,082		212,600			108,695			129,283
			175,631			2,840,074		2,758,841			491,701			315,420
Administrative expenses			1,340			7,826		8,385			3,604			2,408
Transfers to other funds			2,008,787			8,641,733		7,266,895			8,745,812			3,693,422
Transfers to other plans
			2,185,758			11,489,633		10,034,121			9,241,117			4,011,250
Increase (decrease) in net assets for the year			11,713,308			47,638,614		44,625,409			29,432,901			18,309,515
Net assets available for benefits at beginning of year			–			–		–			–			–
Net assets available for benefits at end of year		$	11,713,308		$	47,638,614	$	44,625,409		$	29,432,901		$	18,309,515

[Additional columns below]

[Continued from above table, first column(s) repeated]

		Putnam Money		Brokerage
		Market Fund		Gateway			Loan Fund			Total
Investment income:
	Dividends	$	128,993	$	55,674					$	52,814,545
	Interest										28,643,715
Total investment income			128,993		55,674						81,458,260
Contributions from TRW Inc.											49,511,014
Contributions from participants											153,857,951
Net appreciation (depreciation) in fair value of investments					(8,527,887	)					(437,882,618	)
Transfers from other funds			41,426,560		37,247,625						1,157,663,167
Transfer from other plan											2,068,783
Interest income on participant loans											5,148,037
Participant loan disbursements							$	24,566,648			24,566,648
Participant loan repayments											25,275,628
Other					122			16,045			174,504
			41,555,553		28,775,534			24,582,693			1,061,841,374
Less:
	Distributions		1,396					561,988			309,506,365
	Excess contributions										6,167
	Participant loan defaults							3,660,043			3,660,043
	Participant loan repayments							25,275,628			25,275,628
	Participant loan disbursements										24,566,648
			1,396		–			29,497,659			363,014,851
Administrative expenses											766,250
Transfers to other funds			37,548,588		10,677,443						1,157,663,167
Transfers to other plans								267,395			267,395
			37,549,984		10,677,443			29,765,054			1,521,711,663
Increase (decrease) in net assets for the year			4,005,569		18,098,091			(5,182,361	)		(459,870,289	)
Net assets available for benefits at beginning of year			–		–			61,552,113			3,022,274,595
Net assets available for benefits at end of year		$	4,005,569	$	18,098,091		$	56,369,752		$	2,562,404,306

6

The TRW Employee Stock Ownership and Savings Plan

Notes to Financial Statements

December 31, 2000 and 1999

A. Description of the Plan

The following description of The TRW Employee Stock Ownership and Savings Plan (the “Plan”) provides only general information. Participants should refer to the plan document for a more complete description of the plan’s provisions.

Participation in the Plan is available to substantially all domestic employees of TRW who have been employed for at least three months. The Plan is governed by the Internal Revenue Code and related legislation.

Participant Contributions

The Plan allows eligible employees to contribute up to 16% of qualifying compensation on a before-tax basis by way of salary reduction; such contributions are made in increments of one percent of qualifying compensation and could not exceed $10,500 in 2000. Participants may also elect to contribute, in increments of one percent, up to 10% of qualifying compensation on an after-tax basis. The combined contribution cannot exceed 22% of their qualifying compensation. Participants can make unlimited contribution percentage changes per month. Annual contributions to a participant’s account (including before-tax, after-tax and TRW matching contributions) and to any other defined contribution plan are limited to the lesser of $30,000 or 25% of the participant’s annual compensation reduced by the amount of before-tax contributions.

Participants determine the funds in which to invest their contributions. Employee contributions may be invested, in multiples of 1% percent, in one or more of the fourteen investment funds. Fund elections may be changed at any time.

TRW Contributions

TRW contributes to the Plan, out of current or accumulated earnings, an amount equal to 100% of each participant’s before-tax contributions to a maximum of three percent of each participant’s qualifying compensation. Participants immediately vest in the TRW contributions. All TRW matching contributions are invested in the TRW Stock Fund. TRW contributions always remain in the TRW Stock Fund and may not be transferred, except under special circumstances. TRW contributions may be in the form of cash or treasury or authorized and unissued shares of TRW Common Stock. TRW Common Stock contributed is to be valued by any reasonable method selected by TRW.

7

The TRW Employee Stock Ownership and Savings Plan

Notes to Financial Statements (continued)

A. Description of the Plan (continued)

The amount and type of TRW contributions are summarized as follows:

	2000
TRW Common Stock	$	30,472,851
Cash		19,038,163
	$	49,511,014

Withdrawals and Distributions

Upon termination of employment, a participant may elect to receive his or her account, less the unpaid balance of any loan outstanding, in a single sum except a participant whose account balance exceeds $5,000 may defer such payments until he or she reaches age 70. Participants receive the value of their TRW shares in cash unless they elect to receive shares. If a participant elects to defer payment of his or her account, the undistributed account balance remains invested in the Plan.

Participants who have attained age 55 as of the end of the preceding fiscal year-end and commenced participation in the Plan at least ten years prior may elect, within an election period during each of the succeeding six consecutive plan years, to receive a special ESOP distribution or may transfer the applicable amount to one or more investment funds under the Plan. The number of shares eligible for the annual election is 50% of the total number of shares of TRW common stock attributable to TRW matching contributions made after 1986, less the equivalent number of shares distributed as a result of any prior ESOP election, as determined on the preceding December 31.

Participant Loans

Participants can borrow from $1,000 to $50,000 (in increments of $100) of their before-tax contributions, but such borrowings in the aggregate cannot exceed 50% of a participant’s total Plan balance. The interest rate is fixed (prime rate at the end of the last business day of the preceding quarter plus one percent) and the repayment period cannot be less than one year or more than five years.

8

The TRW Employee Stock Ownership and Savings Plan

Notes to Financial Statements (continued)

A. Description of the Plan (continued)

Other

Although it has not expressed any intent to do so, TRW reserves the right to suspend or terminate the Plan. In the event of termination, the amount of each participant’s account may be retained in trust for the benefit of the participant.

The above description of the Plan provides only general information. Participants should refer to the Summary Plan Description, which is available from the Stock Savings Plan’s Participant Service Center and the Plan’s website, and annual prospectus for a more complete description of the Plan’s provisions.

B. Significant Accounting Policies

The financial statements have been prepared on the accrual basis of accounting.

Investments are stated at fair value. Investments in common stock are valued at the last reported sales price of the common stock on the last business day of the plan year. The shares of registered investment companies are valued at quoted market prices that represent the net asset values of shares held by the Plan at year-end. Investments in common trust funds investing primarily in equities are valued based on the redemption price of units owned by the Plan, which is based on the current market values of the underlying assets of the fund. The investment in common trust funds investing primarily in insurance contracts, is valued at contract value, plus income received thereon, less distributions and administrative expense payments, which approximates fair value. Investments in common trust funds investing in short-term fixed income obligations have a market value approximating cost. The participant loans are valued at their outstanding balances which approximate fair value.

All separate account and synthetic contracts have a guaranteed return of principal. As of December 31, 2000 and 1999, approximately $26 and $54 million was invested in general account assets, $124 and $129 million in separate account assets, and $272 and $320 million in assets owned by the Plan, respectively. The weighted average yield (excluding administrative expenses) for all investment contracts was 6.19% and 5.89% in 2000 and 1999, respectively. The crediting interest rate for all investment contracts was 6.55% at December 31, 2000 and 6.32% at December 31, 1999.

9

The TRW Employee Stock Ownership and Savings Plan

Notes to Financial Statements (continued)

B. Significant Accounting Policies (continued)

The cost of securities sold is determined by the average cost method for purposes of determining realized gains and losses.

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Certain amounts in the 1999 financial statement have been reclassified to conform to the 2000 presentation.

C. Investments

During the year ended December 31, 2000, the Plan’s investments (including investments purchased, sold, as well as held during the year) appreciated (depreciated) in fair value as determined by quoted market prices as follows:

	Net
	Appreciation
	(Depreciation) in
	Fair Value of
	Investments
Common stock	$	(250,806,924	)
Common trust funds		(80,405,124	)
Shares of registered investment companies		(106,679,978	)
Bonds, notes, and other		9,408
	$	(437,882,618	)

10

The TRW Employee Stock Ownership and Savings Plan

Notes to Financial Statements (continued)

C. Investments (continued)

The fair value of individual investments that represent 5% or more of the Plan’s net assets are as follows:

	December 31
	2000		1999
TRW Inc. Common Stock	$	831,085,108	$	1,038,999,663
Putnam S&P 500 Index Fund		689,213,368		866,910,952
Putnam Small Company Equity Fund		152,709,997		166,712,922
Putnam Investors Fund				191,053,304

Investments within the DLJDirect Securities Account, as of December 31, 2000, consisted of $14,070,956 of stocks – common and preferred, $3,491,773 of shares of registered investment companies, and $535,362 of bonds and notes.

D. Administrative Expenses

Generally, trustee and custodian fees, investment manager fees, brokerage fees, and other fund-related expenses are charged back to the funds for which the expenses are incurred. The charges to audit the Plan, the administrative expenses of operating the Plan, and any other charges that cannot be directly related to a specific fund will be charged back to the funds on a quarterly basis in proportion to the ratio of the net asset value of each fund to the value of all funds invested in the Plan as of the previous quarter-end.

E. Federal Income Tax Status of the Plan

The Plan has received a determination letter from the Internal Revenue Service dated May 24, 1995, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the “Code”) and, therefore, the related trust is exempt from taxation. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan Administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt.

11

The TRW Employee Stock Ownership and Savings Plan

Notes to Financial Statements (continued)

F. Transactions with Parties-in-Interest

Party-in-interest transactions include the purchase and sale of investments managed by the Plan’s Trustee, Putnam Investments and any transactions with TRW stock.

Putnam Investments managed assets of the Plan of $1,051,651,669 and $1,323,343,488 as of December 31, 2000 and 1999, respectively. There were no trustee fees paid in cash to Putnam in 2000.

There were no party-in-interest transactions which were prohibited under Department of Labor Regulations.

G. Transfer of Assets from Other Plans

On December 24, 1997, TRW purchased BDM International, Inc. (BDM). BDM had an existing 401(k) plan which was merged into the Plan effective January 1, 1999. On January 6, 2000, assets from IG Systems, a separate 401(k) plan associated with the BDM purchase, were merged into the Plan. The transfer of IG Systems’ assets of $2,068,783 is shown on the financial statements as “Transfer from Other Plan.”

Employee rollover contributions of $9,589,425 were made in 2000 from other plans. These contribution amounts are contained in the contribution amounts for each of the respective funds.

12

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year

December 31, 2000

Number of					Current
Shares		Description	Cost		Value
		Stocks – Common and Preferred
21,447,357	*	TRW Inc. Common Stock	$	641,744,054	$	831,085,108
200		24 / 7 Media Inc				106
1,600		3 Do Co				4,192
200		360networks Inc				2,536
2,365		3com Corp				20,103
75		3d Sys Corp				905
3,173		3dfx Interactive Inc				793
175		A C L N Ltd				3,925
800		Aastrom Biosciences Inc				648
400		About.Com Inc				10,772
315		Accelerated Networks Inc				866
1,000		Accord Advanced Technologies Inc				10
200		Aclara Biosciences Inc				2,174
82		Act Mfg Inc				1,286
160		Adams Express Co				3,360
1,570		Adc Telecommunctns Inc				28,448
200		Adept Technology Inc				2,900
400		Adobe Systems Inc				23,272
1005		Advanced Communications Technologies Inc				673
300		Advanced Digital Info Corp				6,900
1,000		Advanced Fibre Communications Inc				18,060
657		Advanced Micro Devices Inc				85,028
500		Advanced Optics Electronics Inc				95
500		Advanced Tissue Sciences Inc				1,480
11,000		Advanced Viral Resh Corp				3,520
900		Aes Corp				49,833
43		Aether Systems Inc				1,690
200		Affymetrix Inc				14,874
1,027		Agilent Technologies Inc				56,228
200		Akamai Technologies Inc				4,212
200		Albertsons Inc				5,300
400		Alcatel – Spons ADR				22,372

13

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
100	Alpha Inds Inc			3,781
1,000	Altair Intl Inc			1,430
617	Altera Corp			16,233
1,100	Altigen Communications Inc			1,100
200	Alza Corporation			8,500
210	Allaire Corp			1,056
400	Alliance Fiber Opticprods Inc			2,400
30	Alliance Semiconductor Corp			339
500	Allstate Corp			21,780
3,293	Amazon.Com Inc			51,042
875	America Online Inc			30,450
150	America Online Latinamer Inc			402
350	American Communications Enterprises Inc			35
88	American Express Company			4,834
1,000	American Jewelry Corp			10
423	American Power Conversion Corp			5,207
1,000	American Residential Invt Tr			2,180
450	Ameripath Inc			11,250
135	Ames Department Stores Inc			193
782	Amgen Inc			49,993
100	Amkor Technology Inc			1,556
680	Amtech Sys Inc			5,182
275	Anadigics Inc			4,502
315	Analog Devices Inc			16,122
700	Answerthink Inc			2,534
939	Ants Software.Com			2,535
5,241	Apple Computer Inc			77,619
200	Applera Corp – Applied Biosystems Group			18,812
295	Applera Corp – Celera Genomics Group			10,655
3,518	Applied Materials Inc			134,317
4,059	Applied Micro Circuits Corp Cdt			305,440
500	Applied Signal Technology Inc			2,545
50	Aptimus Inc			38

14

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
180	Ariba Inc			9,652
600	Armstrong World Inds Inc – preferred			3,000
500	Asiacontent.Com Ltd			155
750	At Home Corp			4,148
4,589	AT&T Corp			79,160
1,525	Ati Technologies Inc			8,662
5,698	Atmel Corp			66,211
600	Audiovox Corp			5,400
5,000	Aura Systems Inc			1,550
200	Autodesk Inc			5,374
1,000	Autoimmune Inc			1,500
91	Avanex Corp			5,415
100	Avanir Pharmacuticals			512
150	Avant Immunotherapeutics Inc			1,031
564	Avaya Inc			5,815
1,000	Avery Communications Inc			780
430	Avici Sys Inc			10,587
200	Avocent Corp			5,400
1,340	Bank Of America			61,466
25	Bank One Corp			916
38	Bard C R Inc			1,769
1,500	Be Free Inc			3,180
750	Be Inc			563
143	Bea Sys Inc			9,625
800	Bei Technologies Inc			9,296
150	Bell Microproducts Inc			2,380
420	Best Buy Company Inc			12,415
16,700	Bifs Technologies Corp			1,837
600	Bio Technology General Corp			4,272
130	Biogen Inc			7,808
200	Biosante Pharmaceuticals Inc			132
54	Biosite Diagnostics Inc			2,183
9,000	Biotech Hldgs Ltd			1,530

15

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
100	Biotech Hldrs Tr Depositary Rcpts			17,031
1,000	Birmingham Steel Crp			1,000
20	Bisys Group Inc			1,045
50	Black Box Corp			2,413
200	Blue Zone Inc			242
200	Bluefly Inc			92
2,500	Bmc Inds Inc			12,175
1,530	Bmc Software Inc.			21,313
684	Bookham Technology Plc – Spons ADR			9,405
2,000	Bradlees Inc			420
300	Bristol-Myers Squibbco			22,179
2,000	Broadband Wireless Intl Corp			160
1,000	Broadbase Software Inc			6,250
2,613	Broadcom Corp			219,649
1,922	Broadvision Inc			22,699
344	Brocade Communications Sys Inc			31,562
50	Brooks Automation Inc			1,400
100	Buckeye Partners			2,887
200	Cable Wireless Plc – Spons ADR			7,974
500	California Amplifierinc			4,625
700	Calpine Corp			31,542
100	Callaway Golf Co			1,862
100	Cambridge Heart Inc			237
500	Cannondale Corp			1,810
50	Capstone Turbine Corp			1,400
250	Carnival Corp			7,703
1,000	Catalyst Semiconductor Inc			3,810
472	Caterpillar Inc			22,330
100	Cbrl Group Inc			1,818
500	Cellpoint Inc			4,875
1,000	Cendant Corp			9,620
168	Central Secs Corp			4,746
800	Cepheid			6,744
557	Ciena Corp			45,396

16

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
300	Circuit City Stores Inc-Circuit City Group			3,450
11,184	Cisco Systems Inc			427,788
115	Citigroup Inc			5,872
300	Citrix Systems Inc			6,750
800	Cke Restaurants Inc			2,200
200	Clarent Corp			2,286
100	Clorox Co			3,550
3,961	Cmgi Inc			22,142
300	Cnet Networks Inc			4,800
300	Coastal Corp			26,493
100	Coca-Cola Company			6,093
100	Cognex Corp			2,200
75	Cognos Inc			1,392
500	Com 21 Inc			2,340
225	Comdisco Inc			2,572
4,644	Commerce One Inc			117,540
60	Commscope Inc			994
1,010	Compaq Computer Corp			15,201
20	Computer Associates International Inc			390
100	Computer Sciences Corp			6,012
80	Computerized Thermal Imaging Inc			120
50	Compuware Corp			313
300	Comverse Technology Inc			32,586
100	Concord Efs Inc			4,387
950	Concur Technologies Inc			1,007
500	Conductus Inc			2,590
4,621	Conexant Sys Inc			70,470
1,600	Conseco Inc			21,088
100	Consol Energy Inc			2,793
200	Constellation Brands Inc			11,750
2,631	Copper Mtn Metworks Inc			15,444
300	Corecomm Ltd			1,479
75	Corel Corp			119

17

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
3,880	Corning Inc			204,903
70	Cor-Therapeutics Inc			2,458
335	Corvis Corp			7,956
25	Cosine Communications Inc			347
475	Costco Whsl Corp			18,967
6,407	Covad Communications Group Inc			10,379
200	Cp Clare Corp			656
100	Credence Systems Corp			2,318
520	Cree Inc			18,460
260	Crossroads Sys Inc			1,217
2,000	Cryomedical Sciences Inc			1,000
499	Cybear Group			185
5,051	Cyber Group Network Corp			455
5,100	Cyber.Care Inc			10,659
440	Cygnus Inc			2,143
300	Cymer Inc			7,704
225	Cypress Semiconductor Corp			4,428
1,100	Charles Schwab Corp			31,207
3,880	Charter Communications Inc			87,998
65	Chase Corp			650
350	Chase Manhattan Corp			15,901
854	Check Point Software Tech			114,060
25	Checkpoint Sys Inc			186
70	Cheese Cake Factory Inc			2,682
450	Chesapeake Energy Corp			4,554
50	Chicos Fas Inc			1,028
1,000	Childrens Place Retail Stores Inc			20,180
100	China.Com Corp			443
370	Christopher & Banks Corp			10,453
2,500	Chromatics Color Sciences Intl			925
200	Chromavision Med Sys Inc			524
200	Daimlerchrysler Ag Stuttgart			8,240
150	Dallas Semiconductor Corp			3,843

18

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
270	Dana Corp			4,134
500	Data Critical Corp			1,250
3,000	Datalink.Net Inc			6,360
200	Delphi Automotive Sys Corp			2,250
3,842	Dell Computer Corp			66,966
200	Dense-Pac Microsystems Inc			400
60	Diamond Offshore Drilling Inc			2,400
500	Diamonds Tr Unit			53,390
500	Digital Island Inc			2,030
577	Digital Lightwave Inc			18,245
1,000	Digital Pwr Corp			1,680
1,565	Diodes Inc			16,229
275	Disney Walt Company Holding Co			7,956
100	Display Technologies Inc Co			18
719	Ditech Communications Corp Co			11,590
1,600	Doubleclick Inc			17,488
5,650	Drkoop.Com Inc			1,017
1,060	Dsl.Net Inc			562
46	Dst Systems Inc			3,082
597	Du Pont E I De Nemours & Company			28,841
400	Dwyer Group Inc			748
200	Dynegy Inc			11,212
1,600	E Digital Corp			2,640
500	E Stamp Corp			75
850	E Trade Group Inc			6,265
1,400	Earthlink Inc			7,042
2,600	Earthshell Corp			3,250
250	Eastman Kodak Co			9,843
2,000	Eb2b Comm Inc			1,500
450	Ebay Inc			14,819
15,000	Econnect			4,500
400	Echelon Corp			6,424
150	Efficient Networks Inc			2,138
500	El Paso Energy Corp			35,810

19

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
1,150	Elantec Semiconductors Inc			31,913
45	Electro Scientific Inds Inc			1,257
500	Eli Lilly & Co			46,530
1,000	Emachines Inc			340
200	Emagin Corp			424
3,051	EMC Corp			202,892
500	Emerson Electric Co			39,405
690	Emulex Corp			55,152
2,200	Emusic.Com Inc			550
54,393	Endwave Corp			169,706
244	Energy Conversion Devices Inc			4,895
3,000	Engage Technologies Inc			2,250
60	Enron Corp			4,987
250	Entrust Technologies Inc			3,250
140	Eog Res Inc			7,647
1,000	Epicedge Inc			370
100	Equity Residential			5,531
3,940	Ericsson L M Tel Co – Spons ADR			44,049
5,800	E-Sync Networks Inc			4,698
4,000	Etoys Inc			720
550	Eurotech Ltd			754
400	Evoke Communications Inc			700
800	Exchange Applications Inc			968
2,118	Exodus Communications Inc			42,212
15,194	Exponent Inc			142,368
200	Extended Stay Amer Inc			2,570
1,150	Extreme Networks Inc			44,988
500	F5 Networks Inc			4,750
16,640	Federal Mogul Corp			38,438
200	Fedex Corp			7,992
750	Fibercore Inc			2,715
700	Finders Keepers Inc			14
1,400	Finisar Corp			40,502
1,478	Finova Grp Inc			1,478

20

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
100	First Industrial Realty Trust Inc			3,400
1,000	First Union Corp			27,810
100	Flexpoint Sensor Sys Inc			3
1,800	Flextronics Intl Ltd			51,300
2,527	Ford Motor Co			59,207
200	Fortune Brands Inc			6,000
398	Foundry Networks Inc			5,970
60	Four Seasons Hotel Inc			3,817
100	Franchise Fin Corp Amer			2,331
250	Freeport-Mcmoran Copper & Gold Inc Depositary Shares Repstg Gold – preferred			4,358
65	Fuelcell Energy Inc			4,453
1,000	Fusion Networks Hldgs Inc			150
100	Galileo Technology Ltd			1,343
920	Gap Inc			23,460
135	Gateway Inc			2,429
460	Gemstar Tv Guide Intl Inc			21,215
4,900	Genelabs Technologies Inc			19,600
130	Genentech Inc			10,595
2,807	General Electric Co			134,540
1,500	General Magic Inc			2,100
150	General Mtrs Corp			7,640
450	General Mtrs Corp Cl H			10,350
200	Genesis Microchip Inc			1,824
10,240	Genuity Inc			51,507
900	Genus Inc			1,431
60	Genzyme Corp Generaldivision			5,392
160	Gillette Company			5,779
3,330	Global Crossing Ltd			47,652
100	Global Marine Inc			2,837
4,582	Globalstar Telecommunications Ltd			4,124
1,300	Globespan Inc			35,750
100	Golden West Finl Corp			6,750
300	Goodyear Tire & Rubber Company			6,897

21

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
15,500	Groen Brothers Aviation Inc			16,430
165	H Pwr Corp			1,267
61	H&Q Healthcare Fd Sh Ben Int			1,495
30	Handspring Inc			1,163
257	Harley-Davidson Inc			10,216
500	Harmonic Inc			2,840
400	Hartcourt Cos Inc			216
500	Hasbro Inc			5,310
40	Hearme Inc			25
645	Hei Inc			6,450
15	Heinz H J Company			711
250	Helix Technology Corp			5,905
1,396	Hewlett-Packard			44,058
600	Hollywood Entertainment Corp			636
3,905	Home Depot Inc			178,380
2,600	Homebase Inc			2,600
501	Honeywell Intl Inc			23,702
50	Hot Topic Inc			822
400	Human Genome Sciences Inc			27,724
3,170	Hydrogenics Corp			13,060
2,000	Hydrogiene Corp			40
100	Hyperion Solutions Corp			1,543
1,300	Hytek Microsystems Inc			5,928
1,000	I Link Corp			780
120	I-2 Technologies Inc			6,532
100	Ibis Technology Corp			1,918
14,000	Icg Communications Inc			1,680
100	Idt Corp			2,037
125	Ii-Vi Inc			1,898
400	Illuminet Hldgs Inc			9,048
50	Imaging Diagnostic Sys Inc			44
30	Imclone System Inc			1,328
1,750	Immune Response Corp			4,428
500	Immunogen Inc			10,715

22

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
300	Impath Inc			19,950
800	Infineon Technologies Ag – Spons ADR			28,800
1,500	Infonet Svcs Corp			7,500
5,600	Infonow Corp			7,840
100	Information Architects Corp			162
1,300	Informix Corp			3,848
2,060	Infospace Com Inc			18,210
64,000	Infotopia Inc			12,160
185	Inktomi Corp			3,306
300	Innodata Corp			3,300
100	Inrange Technologies Corp			1,668
80,158	Insignia Solutions Plc – Spons ADR			375,139
790	Integrated Device Tech Inc			26,015
1,000	Integrated Silicon Solution Inc			14,370
30,762	Intel Corp			924,706
7,300	Intelect Communications Inc			2,701
330	Inter Tel Inc			2,534
1,000	Interdigital Communications Corp			5,400
745	Intermedia Comm Inc			5,349
845	Internap Network Svcs Corp			6,092
250	International Paper Co			10,203
3,000	Internet Business Intl Inc			240
725	Internet Cap Group Inc			2,378
800	Internet Law Libr Inc			144
1,500	Internet Pictures Corp			1,440
1,000	Interneuron Pharmaceuticals Inc			1,280
65	Intertrust Technologies Corp			215
200	Interwave Communications			312
25	Intimate Brands Inc			375
212	Intl Business Machines Corp			18,020
2,900	Intl Fibercom Inc			14,297
1,020	Intl Rectifier Corp			30,600
100	Intuitive Surgical Inc			818

23

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
2,000	Iprint.Com Inc			1,420
21,300	Irvine Sensors Corp			25,773
500	Ishares Tr S&P Small Cap 600 Index Fd			54,045
5,400	Isis Pharmaceuticals Inc			57,024
200	Ivax Corp			7,660
100	Ixia			2,287
1,000	Ixl Enterprises Inc			960
200	Ixys Corp			2,924
400	J2 Global Communicatons Inc			112
1,850	Jabil Circuit Inc			46,935
1,050	Jakks Pac Inc			9,513
300	Jawz Inc			138
4,874	JDS Uniphase Corp			203,490
200	Johnson & Johnson			21,012
3	JP Morgan & Co Inc			497
1,706	Juniper Networks Inc			215,263
2,000	K Mart Corp			10,620
20,000	Kaire Hldgs Inc			1,400
200	Kansas City Southn Inds Inc			2,024
250	Kcs Energy Inc			1,015
350	Kemet Corp			5,292
945	Kla Tencor Corp			31,828
1,200	Kleenair Sys Inc			300
1,100	Knight Trading Group Inc			15,323
300	Koninklijke Philips Electrs N V – Spons ADR			10,875
750	Kopin Corp			8,250
100	Koss Corp			2,312
34	Krispy Kreme Doughnuts			2,822
225	Kulicke & Soffa Inds			2,516
160	Laboratory Corp Amer Hldgs			28,160
600	Lam Research Corp			8,700
100	Lason Inc			24
100	Leap Wireless Intl Inc			2,493

24

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
100	Legato Systems Inc			743
40	Level 3 Communications Inc			1,312
200	Lexmark Intl Group Inc			8,862
100	Liberate Technologies			1,356
110	Lifecell Corp			175
100	Lifeminders Inc			328
112	Lightpath Technologies Inc			1,553
400	Liquid Audio Inc			1,000
15,000	Lithium Technology Corp			3,150
700	Litton Inds Inc			55,076
2,910	Lockheed Martin Corp			98,795
40	London Pacific Group Ltd – Spons ADR			302
17,239	Loral Space & Communications			54,820
610	Lowes Cos Inc			27,145
4,092	Lsi Logic Corp			69,932
13,774	Lucent Technologies Inc			185,949
20	Luminex Corp			520
50	Macrovision Corp			3,700
500	Mail-Well Inc			2,155
200	Marchfirst Inc			292
140	Marvell Technology Group Ltd			3,070
1,000	Mattel Inc			14,440
165	Maxim Pharmaceuticals Inc			1,051
45	Maxim Integrated Products Inc			2,149
175	MBNA Corp			6,463
250	Mcdata Corp			13,688
255	McDonald’s Corp			8,670
100	Mcleodusa Inc			1,412
300	Mcsi Inc			6,393
400	Measurement Specialties Inc			7,800
200	Mediabay Inc			324
1,000	Mediaplex Inc			840
150	Medimmune Inc			7,152

25

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
400	Mercator Software Inc			2,148
200	Merck & Co Inc			18,724
37	Mercury Interactive Corp			3,337
900	Metalink Ltd Shs			8,550
542	Metricom Inc			5,420
3,391	Metromedia Fiber Network Inc			34,317
170	Microchip Technology Inc			3,728
520	Micromuse Inc			31,361
443	Micron Technology Inc			15,727
3,926	Microsoft Corp			170,506
50	Microvision Inc			881
1,000	Midway Games Inc			7,100
100	Millennium Pharmaceuticals Inc			6,181
3,200	Millennium Cell Inc			32,192
400	Minimed Inc			16,800
100	Minnesota Mining & Manufacturing Co			12,050
500	Morgan Stanley Asia Dean Witter Asia Pacific Fd Inc			4,340
200	Morgan Stanley Dean Witter & Co			15,850
8,109	Motorola Inc			164,207
828	Mp3.Com Inc			2,973
850	Mrv Communications Inc			11,365
500	M-Wave Inc			3,935
140	Myriad Genetics Inc			11,550
4,380	Nasdaq 100 Shares			255,661
200	National City Corp			5,750
300	National Health Investors Inc			2,211
1,725	National Semiconductor Corp			34,707
9,850	Nct Group Inc			1,675
200	Neorx Corp			1,050
100	Net2phone Inc			737
100	Netbank Inc			656
10	Netegrity Inc			543
1,000	Netergy Networks Inc			1,680

26

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
1,600	Netopia Inc			6,896
1,275	Netro Corp			8,925
700	Netsilicon Inc			2,576
2,915	Network Appliance Corp			187,085
100	Network Engines Inc			418
2,500	Netzero Inc			2,025
50	New Era Of Networks Inc			291
915	New Focus Inc			31,677
450	Newport Corp			35,352
200	Next Level Communications Inc			2,262
100	Nextel Communs Inc			2,468
50	Nhancement Technologies Inc			241
500	Niku Corp			3,640
50	Noble Drilling Corp			2,172
6,026	Nokia Corp – Spons ADR			262,131
2,615	Nortel Networks Corp			83,837
100	North Fork Ban Corporation Inc			2,456
850	Northpoint Communications Hldgs Inc			264
100	Novartis Ag – Spons ADR			4,475
83	Novell Inc			430
410	Novellus System Inc			14,682
50	Noven Pharmaceuticals Inc			1,856
752	Nvidia Corp			24,628
2,000	Nx Networks Inc			1,240
200	O2wireless Solutions Inc			1,874
75	Oak Technology Inc			651
100	Occidental Petroleum Corp			2,425
300	Office Depot Inc			2,136
1,000	Officemax Inc			2,870
100	Omi Corporation			643
10,000	On2.Com Inc			5,800
60	Oni Sys Corp			2,374
10,000	Opal Technologies Inc			900

27

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
185	Openwave Sys Inc			8,799
200	Opnet Technologies Inc			2,986
2,100	Optical Communication Prods Inc			23,625
200	Opticnet Inc			0
10,306	Oracle Corp			300,111
3,000	Orbital Engine Corp Ltd – Spons ADR			20,790
200	Orchid Biosciences Inc			2,800
380	Osi Pharmaceuticals Inc			30,423
1,651	Owens Corning			1,337
250	Pacific Aerospace & Electronics Inc			93
2,200	Pacific Centy Cyberworks Ltd – Spons ADR			13,464
1,639	Palm Inc			46,302
150	Park Electrochemical			4,602
1,000	Parker Drilling Co			5,060
250	Patina Oil & Gas Corp			6,000
295	Peco Ii Inc			7,614
100	Pegasus Soulutions Inc			690
200	Peregrine Pharmaceuticals Inc			186
900	Peregrine Sys Inc			17,712
140	Pericom Semiconductor Corp			2,580
220	Pfizer Inc			10,120
1,000	Pfsweb Inc			750
500	Pharmaceutical Holders Tr Depositary Rcpt			57,125
100	Philip Morris Inc			4,400
40	Pitney Bowes Inc			1,325
40	Plexus Corp			1,215
1,140	Plug Pwr Inc			16,667
519	Pmc Sierra Inc			40,804
250	Polycom Inc			8,078
200	Pomeroy Computer Res Inc			3,036
600	Portal Software Inc			4,704
996	Power One Inc			39,153
750	Powerwave Technologies Inc			43,823

28

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
100	Pre Paid Legal Svcs Inc			2,550
2,120	Precision Optics Inc			4,897
3,030	Priceline.Com Inc			3,969
5,000	Primus Telecommunications Gp			11,550
125	Procter & Gamble Co			9,804
100	Proxicom Inc			412
150	Proxim Inc			6,450
4,800	Psinet Inc			3,600
1,000	Pt Telkom — Spons ADR			4,120
1,850	Puma Technology Inc			7,678
1,500	*Putnam Premier Income Trust Shares			9,180
1,000	Qiao Xing Universal Telephone Inc			4,370
252	Qlogic Corp			19,449
250	Qlt Inc			7,000
1,245	Qualcomm Inc			102,239
450	Quantum Corp			5,963
180	Quest Diagnostics Inc			25,560
635	Radica Games Ltd			1,067
356	Rainbow Technologiesinc			5,582
1,038	Rambus Inc			37,887
325	Rational Software Corp			12,633
2,000	Razorfish Inc			3,060
570	Realnetworks Inc			4,948
1,081	Red Hat Inc			6,681
244	Rediff Com India Ltd			610
21	Research In Motion Ltd			1,687
14,733	RF Micro Devices Inc			404,126
2,000	Rhythms Netconnections Inc			2,120
7,900	Rite Aid Corp			18,723
200	Rockford Corp			950
8,730	Rosetta Inpharmaticsinc			139,069
10	RSA Sec Inc			528
800	RSL Communications Ltd			136
800	Rubios Restaurants Inc			2,048

29

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
100	Ruby Tuesday Inc			1,525
1,100	Safeguard Scientific Inc			7,282
40	Sage Inc			590
100	Salton Inc			2,068
555	Sandisk Corp			15,401
50	Sanmina Corp			3,831
200	Sara Lee Corp			4,912
100	Savvis Communications Corp			87
550	Sawtek Inc			25,366
200	Sci Sys Inc			5,274
1,000	Sciclone Pharmaceuticals Inc			3,900
100	Scientific Atlanta Inc			3,256
6,400	Screamingmedia Inc			19,200
300	Scheid Vineyards Inc			927
263	SDL Inc			38,971
120	Sears Roebuck & Co			4,170
1,000	Sector Spdr Tr Shs Ben Int Energy			33,180
1,000	Sector Spdr Tr Shs Ben Int Technology			31,310
100	Secure Computing Corp			987
300	Semiconductor Holdrstr			14,700
12,888	Semiconductor Laser Intl Corp			1,547
706	Sensar Corp			304
200	Sepracor Inc			16,024
5,000	Service Sys Intl Ltd			1,850
750	Shopss.Com Inc			630
10,000	Sideware Sys Inc			4,800
322	Siebel Sys Inc			21,754
10,000	Silicon Gaming Inc			600
1,000	Silicon Graphics Inc			4,000
2,768	Silicon Storage Technology Inc			32,690
500	Silicon Valley Research Inc			65
100	Silicon Vy Bancshare			3,450
300	Simple Technology Inc			1,143

30

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
3,700	Simtek Corp			1,184
200	Six Flags Inc			3,436
500	Sk Telecom Ltd – Spons ADR			11,780
900	Sketchers U S A Inc			13,950
2,635	Smarterkids.Com Inc			1,397
5,200	Smartire Sys Inc			11,024
160	Sohu.Com Inc			354
70	Solectron Corp			2,373
400	Somnus Med Technologies Inc			148
950	Sonus Networks Inc			23,921
80	Sony Corp – Spons ADR			5,560
50	Source Information Mgmt Co			188
43	Southwest Airlines Co			1,442
100	Sovereign Bancorp Inc			806
500	Spectralink Corp			7,185
25	Sprint Corp (Fon Group)			508
200	Sprint Corp Pcs Grp			4,086
400	Stan Lee Media Inc			48
100	Standard & Poors Depositary Receipts			13,118
1,000	Stanford Microdevices Inc			35,930
100	Starbuck’s Corp			4,425
7,700	Starnet Communications Intl Inc			3,157
40	State Str Corp			4,968
5,100	Stemcells Inc			12,546
100	Stillwater Mining Co			3,935
2,000	STM Wireless Inc			5,500
50	Stmicroelectronics			2,141
1,591	Storagenetworks Inc			39,870
2,600	Stratos Lightwave Inc			44,200
1,000	Struthers Inc			180
10,361	Sun Microsystems			288,139
1,000	Sunbeam Corp			310
100	Sungard Data Sys Inc			4,712

31

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
400	Sunrise Technologies Intl Inc			700
700	Superconductor Technologies Inc			2,534
75	Supertex Inc			1481
140	Swift Energy Co			5,267
1,320	Sycamore Networks Inc			49,408
80	T Rowe Price Assoc Inc			3,490
1,590	Taiwan Semiconductor Mfg Co – Spons ADR			27,428
4,500	Talk Visual Corp			495
200	Tanisys Technology Inc			108
500	Tanning Technology			1,750
225	Target Corp			7,256
840	Technitrol Inc			34,541
27,800	Telaxis Communications Corp			50,318
6	Telecommunication Sys Inc			20
300	Teledyne Technologies Inc			7,086
1,000	Telemonde Inc			100
6,100	Telocity Inc			12,200
65	Tellabs Inc			3,668
146	Tenneco Automotive Inc			438
80	Teppco Partners L.P			1,965
450	Teradyne Inc			16,763
300	Terayon Communications Sys			1,209
143	Terra Networks – Spons ADR			1,510
36	Texaco Inc			2,236
3,025	Texas Instruments Inc			143,294
500	Theragenics Corp			2,500
4,000	Thermoelastic Technologies Inc			840
9,139	Thermotek Intl Inc			1,371
1,380	Three-Five Sys Inc			24,840
300	Tickets.Com Inc			75
100	Titan Corp			1,625
267	Tlc Laser Eye Ctrs Inc			358
431	Tollgrade Communications Inc			15,732

32

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
40	Toys “R” Us Inc			667
1,000	Trans World Airlines Inc			1,050
700	Transmeta Corp			16,401
50	Transocean Sedco Forex Inc			2,300
750	Transwitch Corp			29,340
1,330	Trendwest Resorts Inc			35,405
500	Tricord Systems			4,030
600	Triquint Semiconductor Inc			26,208
200	Tumbleweed Communications Corp			3,412
775	Turnstone Sys Inc			5,665
210	Tut Sys Inc			1,733
55	Tyco Intl Ltd			3,053
4,000	U S Interactive Inc			1,120
50	UAL Corp			1,947
1,000	Unify Corp			250
800	Unisys Corp			11,696
345	United Parcel Svc			20,269
100	Unitedhealth Group Inc			6,137
50	Univision Communications Inc			2,046
2,000	Usinternetworking Inc			9,860
75	VA Linux Sys Inc			607
200	Vans Inc			3,374
328	Varian Semiconductor Equiptment Assocs Inc			7,708
13,500	Vasommedical Inc			29,835
1400	Velocityhsi Inc			28
400	Venator Group Inc			6,200
2,000	Veridien Corp			100
230	Verisign Inc			17,061
275	Veritas Software Co			24,063
400	Verizon Communications			20,048
12,000	Vertical Computer Sys Inc			600
800	Verticalnet Inc			5,320
175	Vialink Co			492

33

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Stocks – Common and Preferred (continued)
1,173	Viant Corp			4,610
480	Viasat Inc			6,360
1,425	Viatel Inc			5,159
300	Viewpoint Corp			1,620
800	Vignette Corp			14,496
1,000	Viragen Inc			1,310
1,000	Virata Corp			10,870
100	Viropharma Inc			1,437
1,600	Vishay Intertechnology Inc			24,192
100	Visteon Corp			1,150
1,000	Visual Data Corp			1,060
320	Vitesse Semiconductor Corp			17,699
300	Vitria Technology Inc			2,304
300	Vixel Corp			552
100	W H Energy Svcs Inc			1,956
285	Wal Mart Stores Inc			15,139
39	Watchguard Technologies Inc			1,231
5,000	Wavo Corp			150
1,700	Webb Interactive Svcs Inc			2,856
1,100	Webvan Group Inc			506
500	Westell Technologies Inc			1,515
2,400	Western Digital Corp			5,832
1,481	White Electronic Designs Corp			9,434
525	Williams Cos Inc			20,963
2,575	Wind River Systems			87,705
50	Winstar Communications Inc			584
250	WJ Communications Inc			3,530
36,000	World Trans Auth Inc			8,280
5,080	Worldcom Inc			71,425
3,770	Xerox Corporation			17,417
190	Xeta Technologies Inc			1,875
700	Xicor Inc			2,338
1,245	Xilinx Inc			57,731
6,100	Xin Net Corp			3,782

34

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of						Current
Shares	Description				Cost	Value
	Stocks – Common and Preferred (continued)
200	Xo Communications Inc						3,562
200	X-Rite Inc						1,556
2,468	Yahoo Inc						74,040
1,000	Youbet.Com Inc						930
5,500	Zale Corp						159,830
700	Zamba Corp						1,834
300	Zany Brainy Inc						159
400	Zila Inc						800
400	Zixit Corp						3,400
200	Zoran Corporation						3,000
							845,156,064
	Guaranteed Investment Contracts
	Security Backed Investments
		INVESCO Group Trust:
			Beta Fund—PRIMCO:
				Continental Assurance Co., Contract 63005575, due January 5, 2001, 6.13%			16,053,958
			Gamma Fund—PRIMCO:
				Chase Manhattan Bank, Contract 401743-G, 6.69%, set annually			18,079,111
			Epsilon Fund—PRIMCO:
				Monumental Life Ins. Co., Contract 00212TR-1, due January 23, 2001, 6.66%			210,548
			Theta Fund—PIMCO:
				Bankers Trust (Del) BASIC, Contract 97-892THT, 6.34%, set annually			63,757,383
			Kappa Fund—Putnam:
				Continental Assurance Co., Contract 25719-101, 6.51%, set annually			25,944,356

35

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of						Current
Shares	Description				Cost	Value
	Guaranteed Investment Contracts
		INVESCO Group Trust:
			Omicron Fund—PRIMCO:
				Caisse des Depots (CDC), Contract 1115-01, 6.62%, set annually			5,675,030
							129,720,386
		Separate Accounts:
			Aetna Life Ins. & Ann. Co.:
				Contract 14612, 6.69%, set annually			30,610,573
			Allstate Life Ins. Co.:
				Contract 31053, 6.16%, set annually			6,502,464
			John Hancock Mutual Life:
				Contract 8712, due January 2, 2001, 6.60%			6,003,153
				Contract 7441, 7.02%, set annually			48,255,947
			Metropolitan Life Ins. Co.:
				Contract 24844, 5.80%, set annually			33,030,155
							124,402,292
		Synthetics
			Continental Assurance Co.:
				Contract 63005751, 6.69%, set annually			2,201,570
			Monumental Life Ins. Co.:
				Contract 00090TR, 7.28%, set annually			38,013,704
			Rabobank Nederland:
				Contract TRW090001, 6.76%, set annually			21,920,899
			State Street Bank & Trust:
				Contract 98149, 6.20%, set annually			71,994,189
							134,130,362

36

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of							Current
Shares	Description					Cost	Value
	Guaranteed Investment Contracts (continued)
		Non-Participating Synthetics:
			Caisse des Depots (CDC):
				Contract 115-06, due July 2, 2001, 6.76%				2,066,864
				Contract 115-07, due December 12, 2002, 5.52%				6,017,641
								8,084,505
		General Account Investments:
			Variable Rate & Fixed Term:
				John Hancock Mutual Life:
					Contract 14909GAC, due May 1, 2003, 7.20%			6,070,112
					Contract 7314-1, due December 2, 2002, 5.63%			–
								6,070,112
		Cash & equivalents:
			Putnam Fiduciary Trust:
				Contract 100232, due January 1, 2001, 6.89%				19,805,433
	Total Guaranteed Investment Contracts							422,213,090
	Common Trust Funds
49,002,877	*Putnam S&P 500 Index Fund							689,213,368
11,495,172	*Putnam Small Company Equity Fund							152,709,997
1,621,522	*Putnam Bond Index Fund							17,851,252
								859,774,617

37

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Shares of Registered Investment Companies
3,627,579	PBHG Emerging Growth Fund			86,118,736
1,643,091	Bernstein International Value Portfolio II			28,261,160
9,492,833	*Putnam Investors Fund			146,854,131
4,573,020	PIMCO Total Return Fund			47,513,681
472,337	*Putnam International Growth Fund			11,713,947
2,201,545	*Putnam Vista Fund			29,434,659
153,445	Fidelity Magellan Fund			18,305,954
3,873,329	Putnam Money Market Fund			3,873,329
1,061	American Century: Inflation Adjusted Treasury Fund			10,172
529	American Century: International Bond Fund			5,423
74	Amerindo Technology Class D			867
521	Artisan International Fund			11,425
655	Berger Small Company Growth Investor Class			3,140
1,015	Berkshire Focus Fund			33,956
92	Bridgeway Aggresive Growth Portfolio			4,005
657	CGM Realty Fund			8,901
170	Deutsche European Equity Investment Class			4,704
234	Dlj Technology Fund Class R			2,058
4,595	Dresdner RCM Biotechnology Fund			167,198
2,208	Dresdner RCM Global Health Care Fund			54,321
201	Dresdner RCM Global Small Cap Fd Class N			3,743
121	Dresdner RCM Global Small Cap Fund Class I			2,273
762	Excelsior Value & Restructuring			25,800
1,836	Fidelity Aggressive Growth Fund			66,443
84	Fidelity Blue Chip Growth Fund			4,378
1,152	Fidelity Capital And Income Fund			8,905
183	Fidelity Convertible Securities Fund			3,815
853	Fidelity Diversified International Fund			18,720
1,206	Fidelity Fund			39,541
1,701	Fidelity Growth Company			121,526
418	Fidelity High Income Fund			3,956
3,745	Fidelity Large Cap Stock Fund			66,474
2,845	Fidelity Mid Cap Stock Fund			74,165

38

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Shares of Registered Investment Companies (continued)
1,387	Fidelity Real Estate Investment Portfolio Fund			25,666
753	Fidelity Retirement Growth Fund			16,592
756	Fidelity Select Biotechnology Fund			65,698
2,018	Fidelity Select Electronics Fund			116,620
174	Fidelity Select Technology Fund			15,460
743	Firsthand Technology Leaders Fund			25,146
1,046	Firsthand Technology Value Fund			77,815
393	FMI Focus Fund			11,334
401	Gabelli Growth Fund			15,182
763	Genomics Fund. Com			5,654
245	Green Century Balanced Fund			4,605
212	Harbor Capital Appreciation Fund			7,568
530	Harbor Intl Fund			18,611
1,818	Invesco Dynamics Fund			43,223
253	Invesco Financial Services Fund			8,193
556	Invesco Leisure Fund			20,341
585	Invesco Technology II Fund			34,995
1,291	Invesco Telecommunications Fund			46,841
151	IPS Millennium Fund			7,881
2,994	Janus Enterprise Fund			159,532
4,201	Janus Fund			139,869
301	Janus High-Yield Fund			2,919
345	Janus Mercury Fund			10,247
5,493	Janus Orion Fund			38,509
1,250	Janus Special Situations Fund			22,120
7,789	Janus Strategic Value Fund			81,942
3,172	John Hancock Technology Fund			27,411
290	Legg Mason Value Trust			16,101
683	Longleaf Partners Fund			15,519
1,194	Marsico Focus Fund			20,585
1,016	Matthews Asian Technology Fund			4,237
159	MFS Emerging Growth Fund Class B			6,836
126	Munder Framlington Healthcare Class C			3,615

39

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Shares of Registered Investment Companies (continued)
3,303	PBHG Global Technology & Comm. Fund			24,409
217	PBHG Growth Fund			6,758
839	PBHG Large Cap 20			21,156
1,456	PBHG Large Cap Growth Fund			42,384
9,410	PBHG Select Equity Fund			387,990
1,631	PBHG Small Cap Value Fund			32,098
295	PBHG Strategic Small Company Fund			4,504
1,196	PBHG Technology & Communication Fund			41,182
659	PIMCO Innovation Class C			25,646
701	PIMCO Innovation Class A			28,884
1,639	PIMCO Target Class A			38,209
1,536	Pin Oak Aggressive Stock Fund			71,404
12	*Putnam Health Sciences Trust Fund			986
10,795	Red Oak Technology Select Portfolio			235,130
433	Rockland Growth Institutional Fund			8,968
3,413	Royce Low Priced Stock Fund			31,921
683	RS Aggressive Growth Fund			5,621
104	RS Emerging Growth Fund			4,595
3,212	RS Internet Age Fund			20,979
264	Schroder US Smaller Companies Fund			4,064
876	Selected American Shares Fund			30,954
251.	Strong Enterprise Fund			7,123
188	Strong U.S. Emerging Growth Fund			3,613
2,447	T. Rowe Price Developing Technology Fund			17,540
2,329	T. Rowe Price Global Technology			17,306
296	T. Rowe Price Midcap Growth Fund			11,792
500	Templeton Emerging Mkt Fund			3,810
782	The Bender Growth Class C			25,295
1,209	Third Avenue Value Fund			43,808
516	Turner Core High Quality Fixed Income Fund			5,313
1,124	Turner Midcap Growth Fund			34,395
886	Turner Technology Fund			11,324

40

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of			Current
Shares	Description	Cost	Value
	Shares of Registered Investment Companies (continued)
521	Tweedy Brown Global Value Fund			10,410
1,102	Value Line Special Situations Fund			25,969
375	Van Wagoner Mid Cap Fund			7,608
3,012	Van Wagoner Post Venture Fund			79,899
103	Van Wagoner Technology Fund			4,316
1,490	Vanguard Fixed Inc High Yield Corporate			9,970
126	Vanguard Growth Index Trust Fund			3,859
1,694	Vanguard Index Trust Total Stock Market			49,595
732	Vanguard Windsor			11,202
161	Warburg Pincus Global Telecommunications			6,821
383	Warburg Pincus Global Post Venture Capital Fund			8,715
822	Weitz Value Fund			28,971
1,970	White Oak Growth Stock Fund			124,260
				375,559,129
	Bonds and Notes
50	Conseco Inc Note 6.400%			3,800
150	Federal Home Ln Mtg Corporate Debenture 6.510%			15,519
150	Federal Natl Mtg Note 6.470%			14,871
40	Fleet Finl Group Inc Medium Term Sub Notes 7.300%			3,944
150	General Electric Capital Corp Note 8.300%			15,196
150	General Electric Capital Corporate Note 6.500%			16,734
1,000	MBNA Amer Bank 6.800%			100,000
50	Owens Ill Inc Senior Note 7.15%			2,800
100	Pacific Bell Debenture 7.50%			9,588
50	Penney J C Inc Note 7.600%			3,011
100	Saks Inc Note 8.250%			6,000
40	Sprint Corp Note 8.125%			4,061
140	Texas Utils Elec Co 6.750%			14,274

41

The TRW Employee Stock Ownership and Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(i)—Schedule of Assets Held for
Investment Purposes at End of Year (continued)

Number of					Current
Shares		Description	Cost		Value
		Bonds and Notes (continued)
2,850		United States Treasury Inflation Protection Notes 3.875%				292,211
250		United States Treasury Inflation Protection Notes 4.250%				25,983
40		United States Treasury Note 5.750%				3,504
40		Waste Mgmt Inc Debenture 8.750%				3,866
						535,362
		*Participant Loans		At interest rates ranging from 6% to 11.5%		56,369,752
		Total assets held for investment purposes			$	2,559,608,014
	*	Indicates party-in-interest.

42

The TRW Employee Stock Ownership and Stock Savings Plan

EIN: 34-0575430 Plan: 027

Schedule H, Line 4(j)—Schedule of Reportable Transactions

Year Ended December 31, 2000

								Current Value
		Purchase		Selling		Cost of		of Asset on		Net Gain
Description of Assets		Price		Price		Asset		Transaction Date		(Loss)
Category (III) — Series of Transactions in Excess of 5% of the Fair Value of Plan
Assets
	*TRW Inc. Common Stock	$	324,449,960			$	324,449,960	$	324,449,960
				$	270,978,723		230,770,776		270,978,723	$	40,207,947

There were no category (I), (II), or (IV) reportable transactions during 2000.

* Indicates party-in-interest

43

SIGNATURES

      The Plan. Pursuant to requirements of the Securities Exchange Act of 1934, the Board of Administration of the Plan has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

			The TRW Employee Stock Ownership and Savings Plan
Date:	May 18, 2001	By:	/s/	Kathleen A. Weigand
				Kathleen A. Weigand
				Attorney-in-fact

44

EXHIBIT INDEX

EXHIBIT	EXHIBIT
NUMBER	DESCRIPTION
23	Consent of Ernst & Young LLP
24	Power of Attorney

45