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FORM 11-K | |
[ X ] | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE |
OR | |
[ ] | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE |
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Bausch & Lomb 401(k) Account Plan | |
(Full Title of the Plan) | |
Bausch & Lomb Incorporated (Name of issuer of the securities held pursuant to the Plan and the address of its principal executive office) | |
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Bausch & Lomb 401(k) Account Plan | |
Index to Financial Statements and Schedule | Page 1 |
Page | |
Financial Statements: | |
Report of Independent Registered Public Accounting Firm | 2 |
Statements of Net Assets Available for Benefits as of December 31, 2004 | 3 |
Statement of Changes in Net Assets Available for Benefits for the Year | 4 |
Notes to Financial Statements | 5-10 |
Supplemental Schedule:* | |
Schedule I: Schedule of Assets Held for Investment Purposes at the End of Year | 1-13 |
Exhibit Index: | |
EX-23 Consent of PricewaterhouseCoopers LLP |
*****
*Note: Other schedules required by Section 2520.103 - 10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act ("ERISA") of 1974 have been omitted because they are not applicable. |
Page 2 |
Report of Independent Registered Public Accounting Firm
To the Participants and Administrator of
The Bausch & Lomb 401(k) Account Plan
In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Bausch & Lomb 401(k) Account Plan (the "Plan") at December 31, 2004 and December 31, 2003 and the changes in net assets available for benefits for the year ended December 31, 2004 in conformity with accounting principles generally accepted in the United States of America. 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 of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of materia l misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2004 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
Rochester, New York
June 21, 2005
Bausch & Lomb 401(k) Account Plan | |
Statements of Net Assets Available for Benefits | |
December 31, 2004 and 2003 | Page 3 |
December 31, | December 31, | ||
Assets | |||
Investments at fair value | $ 303,092,343 | $ 256,769,231 | |
Investments at contract value | 77,778,634 | 71,652,069 | |
Investment in common/collective trust, at fair value | 1,440,270 | 964,982 | |
Total investments | 382,311,247 | 329,386,282 | |
Receivables for pending trade sales | 620,513 | 666,776 | |
Accrued interest and dividends receivable | 238,473 | 239,063 | |
Total assets | 383,170,233 | 330,292,121 | |
Liabilities | |||
Payables for pending trade purchases | 9,806,345 | 6,725,801 | |
Total liabilities | 9,806,345 | 6,725,801 | |
Net assets available for benefits | $ 373,363,888 | $ 323,566,320 | |
The accompanying notes are an integral part of these financial statements. |
Bausch & Lomb 401(k) Account Plan | |
Statement of Changes in Net Assets Available for Benefits | Page 4 |
For the | |
Additions | |
Additions to net assets attributed to: | |
Participant contributions (Including rollover contributions) | $ 18,806,249 |
Employer contributions | 8,132,569 |
Total contributions | 26,938,818 |
Investment income | |
Interest/dividend | 6,945,905 |
Net appreciation in fair value of investments | 36,894,457 |
Total investment income | 43,840,362 |
Total additions | 70,779,180 |
Deductions | |
Benefits paid to participants | (20,981,612) |
Net increase | 49,797,568 |
Net assets available for benefits: | |
Beginning of year | 323,566,320 |
End of year | $ 373,363,888 |
The accompanying notes are an integral part of these financial statements. |
Bausch & Lomb 401(k) Account Plan | |
Notes to Financial Statements | |
Years ended December 31, 2004 and 2003 | Page 5 |
1. Description of Plan
The Plan is a defined contribution plan covering substantially all U.S. employees of Bausch & Lomb Incorporated (the "Company"). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA").
General
The following description of the Plan provides only general information. Participants should refer to the Plan's Summary Plan Description and Plan Document for a more complete description of the Plan's provisions.
Participant Contributions
Employees may elect to participate in the Plan on their date of hire if they are scheduled to work at least 1,000 hours per Plan year. The allowable employee contribution ranges from 1 percent to 50 percent of eligible pre-tax compensation. A participant may also elect to contribute an additional 1 percent to 6 percent of eligible compensation on an after-tax basis. Participants age 50 and over, or those turning 50 during the plan year, are eligible to make catch-up contributions on a pre-tax basis. In no event may the participant's rate of pre-tax savings contributions when added to the rate of after-tax savings contributions exceed 56 percent of eligible compensation. In addition, each participant may contribute rollover contributions received in a lump sum from another qualified defined contribution or defined benefit retirement plan.
Company Contributions
For all participants who have completed one year of eligible service, the Company is required to match each participant's contribution, from its profits, an amount equal to 100 percent of the first 3 percent of each participant's pre-tax savings contributions plus 50 percent of the next 2 percent of each participant's pre-tax savings contributions. Additionally, for all participants who have completed one year of eligible service, the Company provides a base contribution of .5 percent of a participant's eligible compensation whether the employee chooses to contribute or not. All Company contributions are invested in Bausch & Lomb Incorporated Common Stock and must remain in this fund option until the participant reaches the age of 55. Contributions are subject to certain limitations.
Plan Administrator
The Plan is administered by the Employee Benefits Administration Committee (the "Committee"), which is appointed by the Board of Directors of the Company.
Participant Accounts
Individual accounts are maintained for each Plan participant to reflect the participant's contributions and Company contributions. Income and loss is allocated to the participants' accounts based on the ratio of the account balance of the individual participant to the aggregate of all account balances of all participants in the fund within the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.
Bausch & Lomb 401(k) Account Plan | |
Notes to Financial Statements | |
Years ended December 31, 2004 and 2003 | Page 6 |
Vesting
All active Plan participants are 100 percent vested in their contributions, as well as in all Company contributions.
Administrative Expenses
All legal, accounting and trustee services are provided at the expense of the Company. For the plan year ended December 31, 2004, the Company paid administrative expenses totaling $440,590.
Participant Loans
Plan participants may borrow up to one-half of their account balance, not to exceed $50,000. Participants' loans are secured by their account balances. Loan terms range from one to five years. The interest rate on such loans is determined by the Committee based on prevailing market interest rates at the time the loan is approved. For loans taken during 2004 and 2003, the interest rate charged was one percent over the published prime interest rate on the 25th of each month prior to the application (5.25% and 4.00% at December 31, 2004 and 2003, respectively).
Payment of Benefits
On termination of service due to death, disability, or retirement, the value of the participant's vested interest in his or her account is distributed as either a lump-sum payment or a series of installment payments. Benefits are subject to potential personal income tax and, in certain circumstances, other penalties. A participant may withdraw from his or her after-tax savings account prior to termination of employment subject to Plan provisions.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participant accounts will remain 100 percent vested.
2. Summary of Accounting Policies
Basis of Accounting
The financial statements of the Plan are recorded on the accrual basis of accounting. Benefits are recorded when paid.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Risks and Uncertainties
Investment securities are exposed to various risks, such as interest rate, market and credit risk. Due to the level of risk, it is at least reasonably possible that changes in the values of the investments will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statements of net assets available for benefits.
Bausch & Lomb 401(k) Account Plan | |
Notes to Financial Statements | |
Years ended December 31, 2004 and 2003 | Page 7 |
Investment Valuation
The Plan invests in mutual funds, equity securities or debt instruments which are presented at fair value based on the net asset value for mutual fund shares held by the Plan at year end or quoted market prices for equity securities or debt instruments. The investment in the common/collective trust fund is presented at market value based upon the net asset value of the underlying trust. Loans to participants are valued at cost, which approximates fair value.
The Plan's investments also consist of a guaranteed investment contract at Metropolitan Life Insurance Company ("MetLife"), which is stated at contract value. Contract value is equal to cost
plus accrued interest, which approximates fair value because the contract is fully benefit responsive. The average investment yield for 2004 and 2003 was 4.78 percent and 5.10 percent, respectively. The crediting rate at December 31, 2004 and 2003 was 4.80 percent and 4.75 percent, respectively. The crediting rate is reset by MetLife annually on December 1 based on the contract terms.
The Plan holds a synthetic investment contract with a total contract value of $50,737,442 and $48,548,044 at December 31, 2004 and 2003, respectively. Synthetic investment contracts represent individual assets or a portfolio of assets placed in a trust with ownership by the Plan and a third party issues a wrapper contract that provides that holders can execute transactions at contract value. Individual assets of the synthetic contract are valued at representative quoted market prices. The wrapper is valued as the difference between the fair value of the assets and the contract value of the investment contract.
Net Appreciation in Fair Value of Investments
The Plan presents in the statement of changes in net assets available for benefits the net appreciation in the fair value of its investments which consists of the realized gains and losses and the net unrealized appreciation or depreciation on those investments.
3. Investments
The following presents investments that represent 5 percent or more of the Plan's net assets.
December 31, | December 31, | |
Bausch & Lomb Incorporated Common Stock* | $ 106,773,822 | $ 85,433,731 |
Fidelity Equity Income Fund | 36,445,936 | 33,418,106 |
Fidelity Contrafund Incorporated Fund | 29,270,591 | 25,564,141 |
Fidelity Puritan Fund | 26,623,671 | 25,016,581 |
Clover Capital Investment Contract | 24,978,695 | 23,946,560 |
Alliance Capital Investment Contract | 24,253,821 | 23,096,558 |
Fidelity Spartan US Equity Index Fund | 23,588,769 | 21,334,556 |
MetLife GAC ** | - | 17,044,999 |
**The value of this investment was less than 5% of the Plan's net assets at December 31, 2004. |
Bausch & Lomb 401(k) Account Plan | |
Notes to Financial Statements | |
Years ended December 31, 2004 and 2003 | Page 8 |
During 2004, the Plan's investments (including gains and losses on investments bought and sold, as well as held during this year) appreciated in value by $36,894,457 as follows:
Bausch & Lomb Incorporated Common Stock* | $ 20,805,530 |
Mutual funds | 16,088,927 |
$ 36,894,457 | |
*Denotes party-in-interest and investment which is partially non-participant directed. |
4. Non-participant Directed Investments
The Bausch & Lomb Incorporated Stock Fund features both a participant directed and non-participant directed investment option. Company contributions are invested in the Bausch & Lomb Incorporated Stock Fund and must remain in this fund option until the participant reaches age 55. In addition, participants may direct contributions to the Bausch & Lomb Incorporated Stock Fund and may redirect their contributions to another fund available to participants at any time. Information about the net assets available for benefits and the significant components of the changes in net assets available for benefits related to the Bausch & Lomb Incorporated Stock Fund is as follows:
December 31, | December 31, | ||
Net assets available for benefits: | |||
Common stock | $ 106,450,211 | $ 85,058,806 | |
Cash | 1,295,640 | 806,984 | |
Accrued interest and dividends receivable | 215,958 | 213,061 | |
$ 107,961,809 | $ 86,078,851 | ||
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December 31, | |||
Net assets available for benefits at beginning of year |
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Contributions | |||
Participant | 709,200 | ||
Employer | 8,132,569 | ||
Interest/dividends | 875,073 | ||
Net appreciation in fair value of investments | 20,805,530 | ||
Benefits paid to participants | (4,954,081) | ||
Interfund transfers, net | (3,685,333) | ||
Net assets available for benefits at end of year | $ 107,961,809 |
Bausch & Lomb 401(k) Account Plan | |
Notes to Financial Statements | |
Years ended December 31, 2004 and 2003 | Page 9 |
5. Federal Income Tax
The Plan received a favorable determination letter dated February 21, 1995 from the Internal Revenue Service (the "IRS"), stating that the Plan, as then designed, was a qualified plan in accordance with applicable sections of the Internal Revenue Code (the "Code") and its corresponding trust is exempt from taxation. On August 9, 2001, the Plan Administrator applied for a new determination letter prompted by a series of changes in the Code that affect qualified retirement plans. The Plan received a favorable determination letter dated November 18, 2002, stating that the Plan, as amended, continues as a qualified Plan, in accordance with the Internal Revenue Code. The Plan has been amended since receiving the determination letter. However, the Plan Administrator and Plan's benefits counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Internal Revenue Code.
6. Transactions with Related Parties
Certain participant contributions and all Company contributions are invested in the Company's common stock and, therefore, these transactions qualify as party-in-interest. All legal, accounting and trustee services are provided at the expense of the Company.
7. Subsequent Events
Effective January 1, 2005, the plan was amended as follows:
Company Contributions
The Company changed its base contribution rate to 2.5 percent. The base contributions begin accumulating immediately upon hire, and employees automatically become plan participants whether they choose to contribute or not. Certain long service employees will receive a larger base Company contribution, based on age and years of service. Additionally, the Company has changed its matching contribution to 150% of the first 5% of each participant's pre-tax savings contributions.
Non-Participant Directed Investments
Company contributions, which are invested in the Bausch & Lomb Incorporated Stock Fund, are no longer required to remain in this fund option until the participant reaches age 55.
Vesting
Employees hired prior to January 1, 2005 are 100% vested and entitled to the full dollar value of their entire account anytime after separation from the Company. Employees hired on or after January 1, 2005 become 100% vested for the Company base and matching contributions after three years of service. Participants are always 100% vested in their own contributions to the plan. Forfeitures shall be applied towards the Company's current or future contribution requirements.
Distributions
Participants may withdraw all or part of their after-tax contributions and any accumulated interest while still working at the Company. Pre-tax contributions may be withdrawn without penalty, provided the participant is still employed and is age 59 1/2 or older, or separated from the Company.
Record Keeper
Effective January 1, 2005, the Company contracted with Fidelity Investment Management to act as the record keeper and trustee of the plan.
Bausch & Lomb 401(k) Account Plan | |
Notes to Financial Statements | |
Years ended December 31, 2004 and 2003 | Page 10 |
8. Form 5500
The Form 5500 was not available for review at the time of filing the audited financial statements on Form 11-K with the Securities and Exchange Commission. However, in order to comply with ERISA, a comparison and reconciliation of the audited financial statements with the Form 5500 will occur before the Form 5500 is finalized and filed (with the accompanying audited financial statements). The plan administrator does not anticipate any changes to these financial statements as a result of this reconciliation.
Bausch & Lomb 401(k) Account Plan | |||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | ||
For the Plan Year Ended December 31, 2004 | Page 1 | ||
Security Description/Asset ID | Shares/Par Value | Historical Cost | Current Value |
Corporate Stock - Common | |||
United States - USD | |||
BAUSCH & LOMB INC. COM CUSIP: 071707103** | 1,651,415.00 | 55,469,675.61 | 106,450,210.90 |
Total United States - USD | 55,469,675.61 | 106,450,210.90 | |
Total Corporate Stock - Common | 55,469,675.61 | 106,450,210.90 | |
Loans to Participants/Other | |||
United States - USD | |||
PARTICIPANT LOANS FOR THE BAUSCH & LOMB SAVING TRUST CUSIP: 999919418 | 7,924,822.08 | 7,924,822.08 | |
(INTEREST RATES 5.00% - 6.25%) | |||
Total United States - USD | 7,924,822.08 | ||
Total Loans to Participants/Other | 7,924,822.08 | ||
Value of Interest in Common/Collective Trusts | |||
United States - USD | |||
COLTV SHORT-TERM INVT FD CUSIP: 195998AC3 | 1,440,269.61 | 1,440,269.61 | 1,440,269.61 |
Total United States - USD | 1,440,269.61 | 1,440,269.61 | |
Total Value of Interest in Common/Collective Trusts | 1,440,269.61 | 1,440,269.61 | |
**Denotes party-in-interest |
Bausch & Lomb 401(k) Account Plan | |||||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | ||||
For the Plan Year Ended December 31, 2004 | Page 2 | ||||
| Shares/Par Value | Current Value | |||
Value of Interest in Registered Investment Companies | |||||
United States - USD | |||||
MFO FIDELITY US BOND INDEX PORTFOLIO FUND 315911107 | 379,400.22 | 4,226,518.45 | |||
MFO FID EQTY INC FD SH BEN INT CUSIP: 316138106 | 690,525.51 | 36,445,936.42 | |||
MFO FID INSTL INVS TR FREEDOM 2010 FD CUSIP: 31617R506 | 190,991.13 | 2,601,299.19 | |||
MFO FID INSTL INVS TR FREEDOM 2020 FD CUSIP: 31617R605 | 175,255.79 | 2,446,570.83 | |||
MFO FID INSTL INVS TR FREEDOM 2030 FD CUSIP: 31617R704 | 267,265.66 | 3,763,100.49 | |||
MFO FIDELITY CONTRAFUND INC OPEN END FD CUSIP: 316071109 | 515,872.25 | 29,270,591.47 | |||
MFO FIDELITY FMM RET GOVT MM CUSIP: 316191709 | 5,979,097.16 | 5,979,097.16 | |||
MFO FIDELITY INVT TR DIVERSFIFIED INTL FDOPEN END FD CUSIP: 315910802 | 474,911.50 | 13,601,467.65 | |||
MFO FIDELITY MAGELLAN PD INC OPEN END FD CUSIP: 316184100 | 126,382.34 | 13,117,223.07 | |||
MFO FIDELITY OTC PORTFOLIO OPEN END FD CUSIP: 316389105 | 364,257.67 | 12,636,098.57 | |||
MFO FIDELITY PURITAN PD OPEN END PD CUSIP: 316345107 | 1,404,943.06 | 26,623,670.99 | |||
MFO FIDELITY SPARTAN US EQTY INDEX RD OPEN END FD CUSIP: 315911206 | 550,367.92 | 23,588,769.05 | |||
MFO FIDELITY MID CAP STK FD 316128404 | 64,838.08 | 1,520,452.98 | |||
MFO FIDELITY LOW PRICED STOCK FUND 316345305 | 118,781.03 | 4,780,936.46 | |||
MFO FIDELITY SMALL CAP STK FD 315912501 | 283,735.23 | 5,152,631.78 | |||
MFO FIDELITY VALUE FD OPEN END FD 316464106 | 41,561.87 | 2,962,945.71 | |||
Total United States - USD | 188,717,310.27 | ||||
Total Value of Interest in Registered Investment Companies | 188,717,310.27 | ||||
Value of Funds Held in Insurance Company General Accounts | |||||
Met Life Insurance Company GAC #13388 4.80% CUSIP: 999499VE3 | 17,855,360.35 | 17,855,360.35 | |||
Total United States - USD | 17,855,360.35 | ||||
Total Value of Funds Held in Insurance Company General Accounts | 17,855,360.35 | ||||
Bausch & Lomb 401(k) Account Plan | ||||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | |||
For the Plan Year Ended December 31, 2004 | Page 3 | |||
Security Description/Asset ID | Shares/Par Value | Current Value | ||
Pending trade sales - United states dollar | 0.00 | 620,512.50 | ||
U.S. Government Securities | ||||
United States - USD | ||||
FED NATL MTG ASSOC 5.25 DUE 08-01-2012 CUSIP: 31359MNU3 | 240,000.00 | 249,031.20 | ||
FHLMC MTN 4.25 07-15-2009 CUSIP: 3134A4US1 | 300,000.00 | 305,214.30 | ||
FHLMC PREASSIGN 00891 5.125 11-07-2013/11-07-2005 CUSIP 3128X17C5 | 245,000.00 | 245,980.00 | ||
FHLMC TRANCHE # TR 00396 3.75 08-03-2007/08-03-2005 CUSIP: 3128X3SM6 | 305,000.00 | 305,413.28 | ||
FHLMC 30 YEAR GOLD PARTICIPATION CERTIFICATE (PC) CUSIP: 02R060613 | 305,000.00 | 315,007.66 | ||
FNMA NT 3.25 06-28-2006/06-28-2005 CUSIP: 31359MVS9 | 345,000.00 | 344,882.70 | ||
FNMA NT 3.55 11-16-2007/11-16-2005 CUSIP 31359MWU3 | 180,000.00 | 180,128.88 | ||
FNMA POOL #545296 6% DUE 11-01-2016 REG CUSIP: 31385HXZ0 | 93,665.66 | 98,211.16 | ||
FNMA POOL #725231 5% 02-01-2034 BEO CUSIP: 31402CVY5 | 458,136.29 | 455,448.86 | ||
FNMA PREASSIGN 00026 5 04-25-2014 CUSIP: 31393TBB1 | 158,631.82 | 159,843.93 | ||
FNMA PREASSIGN 00358 3.125 07-15-2006 CUSIP: 31359MVP5 | 325,000.00 | 324,883.98 | ||
FNMA PREASSIGN 00371 3.41 08-30-2007/09-01-2005 CUSIP: 31359MWC3 | 475,000.00 | 473,397.35 | ||
FNMA PREASSIGN 00377 4.625 10-15-2014 CUSIP: 31359MWJ8 | 420,000.00 | 420,315.42 | ||
FNMA SINGLE FAMILY MORTGAGE 5% 30 YEARS SETTLES JANUARY CUSIP: 01F050619 | 905,000.00 | 897,646.88 | ||
FNMA SINGLE FAMILY MTG 4.5 15 YEARS SETTLES JAN CUSIP: 01F042418 | 1,125,000.00 | 1,121,132.25 | ||
FNMA 15 YR PASS-THROUGH 5.5 15 YEARS SETTLES JAN CUSIP: 01F052417 | 790,000.00 | 816,168.75 | ||
FNMA 30 YEAR PASS-THROUGHS 5.5% 30 YEARS SETTLES JANUARY CUSIP: 01F052615 | 2,585,000.00 | 2,623,775.00 | ||
FNMA 30 YEAR PASS-THROUGHS 6% 30 YEARS SETTLES JANUARY CUSIP: 01F060618 | 980,000.00 | 1,013,075.00 | ||
FNMA 30 YR PASS-THROUGHS 6.5 30 YEARS SETTLES JAN CUSIP: 01F062614 | 1,515,000.00 | 1,588,383.57 | ||
FNMA 6 12-15-2005 CUSIP: 31359MGM9 | 0.12 | 0.12 | ||
GNMA 1 SINGLE FAMILY MTG 5 30 YEARS SETTLES JAN CUSIP: 01N050610 | 480,000.00 | 479,850.24 | ||
GNMA 1 30 YR SINGLE FAMILY PASS-THROUGHS(SF) 6 30 YEARS CUSIP: 01N060619 | 245,000.00 | 253,804.81 | ||
UNITED STATES TREAS BILLS 02-17-2005 BILL CUSIP: 912795SA0 | 2,775,000.00 | 2,768,217.90 | ||
UNITED STATES TREAS BILLS 03-10-2005 CUSIP: 912795SD4 | 2,385,000.00 | 2,375,906.00 |
Bausch & Lomb 401(k) Account Plan | |||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | ||
For the Plan Year Ended December 31, 2004 | Page 4 | ||
UNITED STATES TREAS NTS INFLATION INDEXED 2% DUE 07-15-2014 CUSIP: 912828CP3 | 375,000.00 | 391,702.34 | |
UNITED STATES TREAS NTS 2.5% DUE 09-30-2006 REG CUSIP: 912828CW8 | 335,000.00 | 332,107.95 | |
UNITED STATES TREAS NTS NT 4.25% DUE 08-15-2014 REG CUSIP: 912828CT5 | 50,000.00 | 50,111.35 | |
US TREAS BDS 5.375 DUE 02-15-2031 BEO CUSIP: 912810FP8 | 185,000.00 | 200,045.68 | |
US TREAS BILLS DUE 01-06-2005 REG CUSIP: 912795RU7 | 2,415,000.00 | 2,414,715.03 | |
US TREAS BILLS 01-20-2005 PREASSIGN # 154 CUSIP: 912795RW3 | 2,715,000.00 | 2,712,627.09 | |
US TREAS NTS DTD 8/15/04 3.5 DUE 08-15-2009 REG CUSIP: 912828CS7 | 1,355,000.00 | 1,351,295.43 | |
Total United States - USD | 25,268,324.11 | ||
Total U.S. Government Securities |
| 25,268,324.11 | |
Corporate Debt Instruments - Preferred | |||
United States - USD | |||
AMERIQUEST MTG SECS INC 2004-R4 ASSET BKD CTF CL A-2 FLTG RATE 5-25-2034 CUSIP: 03072SRN7 |
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AMERN GEN FIN CORP MEDIUM TERM SR NTS MTN 4.625 DUE 05-15-2009 CUSIP: 02635PSP9 |
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ANHEUSER BUSCH COS INC DEB 4.375 DUE 01-15-2013/01-14-2013 CUSIP: 035229CP6 | 70,000.00 | 69,090.70 | |
ANHEUSER BUSCH COS INC 5.95 DUE 01-15-2033/01-14-2033 CUSIP: 035229CQ4 | 55,000.00 | 59,342.47 | |
AT&T WIRELESS SVCS INC SR NT 8.75 DUE 03-01-2031 BEO CUSIP: 00209AAF3 | 75,000.00 | 101,123.48 | |
BELLSOUTH CORP BD 4.2 DUE 09-15-2009/09-13-2004 CUSIP: 079860AF9 | 30,000.00 | 30,078.36 | |
BERKSHIRE HATHAWAY FIN CORP SR NT 4.2% DUE 12-15-2010/05-03-2004 CUSIP: 084664AF8 |
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BK AMER CORP BK AMER CORP SUB 6.25 DUE 04-15-2012 BEO CUSIP: 060505AQ7 | 75,000.00 | 82,830.30 | |
BOEING CAP CORP NT 4.75 DUE 08-25-2008/08-24-2008 CUSIP: 097014AJ3 | 20,000.00 | 20,684.94 | |
BRITISH TELECOMMUNICATIONS P L C NT 8.875% DUE 12-15-2030/12-12-2000 CUSIP: 111021AE1 |
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CENTEX HOME EQUITY LN TR SER 2003-C CL AV FLTG RTE 09-25- CUSIP: 152314HQ6 | 33,321.20 | 33,362.85 | |
CITIBANK CR CARD ISSUANCE TR 2004-A8 CL A8 4.90000009537% DUE 12-12-2016 CUSIP: 17305ECH6 |
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CITIGROUP INC GLOBAL SR NT FLTG RATE DUE 06-09-2009 REG CUSIP: 172967CM1 | 30,000.00 | 30,045.54 | |
CITIGROUP INC 6.5 DUE 01-18-2011 BEO CUSIP: 172967BC4 | 150,000.00 | 167,498.40 | |
Bausch & Lomb 401(k) Account Plan | |||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | ||
For the Plan Year Ended December 31, 2004 | Page 5 | ||
CMO BANC AMER COML MTG INC SER 2004-6 CLA-2 4.16099977493% DUE 12-10-2042 CUSIP: 05947UB49 |
|
| |
CMO BANC AMER COML MTG INC 2004-1 CL A-44.76000022888% DUE 11-15-2037 CUSIP: 05947UPS1 |
|
| |
CMO BANC AMER COML MTG INC 2004-3 A5 5.4836 DUE 05-10.2014 CUSIP: 05947UVC9 | 120,000.00 | 125,663.40 | |
CMO BANC AMER COML MTG INC 2004-4 COML PASS THRU CTF CL A3 4.087 07-10-2042 CUSIP: 05947UVK1 |
|
| |
CMO BANC AMER COML MTG INC 3.952 DUE 11-10-2039 BEO CUSIP: 05947UPQ5 | 70,000.00 | 69,227.76 | |
CMO CR SUISSE 1ST BSTN MTG SECS CORP SER2004-C5 CL A2 4.18 DUE 11-15-2037 CUSIP: 22541S2P2 |
|
| |
CMO CWMBS INC 2003-49 CHL MTG PASSTHRU CTF A-1 1.6418 DUE 12-19-2033 CUSIP: 12669EE69 |
|
| |
CMO GE COML MTG CORP 2004-C3 CL A-4 5.1890001297% DUE 07-10-2039 CUSIP: 36828QHW9 |
|
| |
CMO GREENWICH CAP COML FDG CORP SER 2003-C1 CTF CL A4 4.111 DUE 07-05-2012 CUSIP: 396789DV8 |
|
| |
CMO GREENWICH CAP COML FDG CORP SER 2003-C2 CL A3 4.533 DUE 01-05-20-36 CUSIP: 396789ER6 |
|
| |
CMO LB-UBS COML MTG TR SER 2004-C8 CL A-2 4.20100021362% DUE 12-15-2029 CUSIP: 52108HU36 |
|
| |
CMO LB-UBS COML MTG TR 2004-C7 COML MTG PASS CTF CL A-2 3. DUE 11-17-2009 CUSIP: 52108HP32 |
|
| |
CMO LONG BEACH MTG LN TR 2004-4 CL ll-A2FLTG RATE DUE 10-25-2034 CUSIP: 542514HQ0 |
|
| |
CMO MORGAN STANLEY CAP l INC SER 2004-HQ4 CL A-7 4. DUE 04-14-2040 CUSIP: 61745MT45 |
|
| |
CMO MORGAN STANLEY CAP l INC 2003-IQ6 CLA-4 4.96999979019% DUE 12-15-2041 CUSIP: 61745MUD3 |
|
| |
CMO RESDNTL AST MTG PRODS INC 2004-RS7 MTG PASS CL A-I-1 DUE 8-25-2022 CUSIP: 7609857A3 |
|
| |
CMO RESDNTL FDG MTG SECS ll INC SER 2004-HS2 CL-A-I-1 DUE 04-25-2033 CUSIP: 76110VQF8 |
|
| |
Bausch & Lomb 401(k) Account Plan | |||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | ||
For the Plan Year Ended December 31, 2004 | Page 6 | ||
CMO WAMU MTG PASS-THRU CTFS 2004-AR10 MTG PASS CL A-2-C DUE 07-25-2034 CUSIP: 92922FWY0 |
|
| |
CONOCO INC NT DTD 04/20/1999 6.95 DUE 04-15-2029/04-20-1999 CUSIP: 208251AE8 | 45,000.00 | 53,138.48 | |
COUNTRYWIDE HOME LNS INC MEDIUM TERM NTS# TR 00313 4 DUE 03-22-2011 CUSIP: 22237LPA4 |
|
| |
CR SUISSE 1ST BSTN USA INC NT 5.5 DUE 08-15-2013 BEO CUSIP: 22541LAH6 | 40,000.00 | 41,885.80 | |
DEUTSCHE TELEKOM INTL FIN B V GTD NT 8.75% DUE 06-15-2030 CUSIP: 25156PAC7 | 25,000.00 | 33,011.45 | |
EQUITY ONE ABS INC 2004-3 MTG PASSTHRU CTF CL AF-1 FLTG DUE 07-25-2034 CUSIP: 294751ER9 |
|
| |
FORD CR FLOORPLAN MASTER OWNER TR 2004-1AST BKD CL A DUE 7-15-2009 CUSIP: 34528PAE6 |
|
| |
FORTUNE BRANDS INC NT 2.875 DUE 12-01-2006 REG CUSIP: 349631AJ0 | 25,000.00 | 24,765.75 | |
GEN GYNAMICS COPR NT 4.5 DUE 08-15-2010/08-14-2003 CUSIP: 369550AL2 | 55,000.00 | 56,198.89 | |
GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE #TR 00528 DUE 03-15-2032 CUSIP: 36962GXZ2 |
|
| |
GEN ELEC CAP CORP MEDIUM TERM NTS BOOK ENTRY MTN 3.5 DUE 08-15-2007 CUSIP: 36962GD68 |
|
| |
GENERAL ELEC CAP CORP MEDIUM TERM NTS BOOK ENTRY MTN 4.3 DUE 11-21-201 CUSIP: 36962GM68 |
|
| |
GOLDMAN SACHS GROUP INC FOR FUTURE EQTY USE 38143U NT 4.75 DUE 07-15-2013 CUSIP: 38141GDK7 |
|
| |
GOLDMAN SACHS GROUP INC 6.125 DUE 02-15-2033/02-13-2003 CUSIP: 38141GCU6 | 55,000.00 | 57,137.91 | |
HOUSEHOLD FIN CORP NT 6.5% DUE 11-15-2008 BEO CUSIP: 441812GD0 | 75,000.00 | 81,568.28 | |
HSEHD FIN COP CRP Hl 7 DUE 05-15-2012 BEO CUSIP: 441812JY1 | 30,000.00 | 34,259.31 | |
INTL BUSINESS MACHS CORP MEDIUM TRANCHE # TR 00113 4.375 DUE 06-01-2009 CUSIP: 45920QES9 |
|
| |
J P MORGAN CHASE & CO NT 6.75 DUE 02-01-2011 BEO CUSIP: 46625HAJ9 | 70,000.00 | 78,638.49 | |
MERRILL LYNCH & CO INC MEDIUM TERM NTS BTRANCHE # TR 0045 DUE 01-15-2015 CUSIP: 59018YUW9 |
|
|
Bausch & Lomb 401(k) Account Plan | |||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | ||
For the Plan Year Ended December 31, 2004 | Page 7 | ||
MERRILL LYNCH MTG INVS INC 2004-SL1 MTG LN ASSET BKD CTF C DUE 04-25-2035 CUSIP: 59020UEG6 |
|
| |
METLIFE INC 5 DUE 11-24-2013/11-23-2013 BEO CUSIP: 59156RAG3 | 40,000.00 | 40,174.56 | |
PEPSI BOTTLING GROUP INC GTD SR NT 7 DUE 03-01-2029/02-28-2029 CUSIP: 713409AC4 | 175,000.00 | 210,903.88 | |
PUB SVC CO OF CO 1ST COLL TR BD SER NO 87.875 DUE 10-01-2012 CUSIP: 744448BU4 | 25,000.00 | 30,283.40 | |
RESDNTL AST SEC CORP MTG PA 2002-KS7 PASSTHRU CTF CL A- DUE 11-25-2032 CUSIP: 76110WPT7 |
|
| |
RESDNTL AST SEC CORP MTG PA 2004-KS7 MTGPASSTHRU CTF CL DUE 10-25-20121 CUSIP: 76110WA55 |
|
| |
RESIDENTIAL ASSET MTG PRODS INC 2004-RS2MTG PASSTHRU CTF C DUE 01-25-2024 CUSIP: 760985P88 |
|
| |
RESIDENTIAL ASSET MTG PRODS INC 2004-RS6MTG PASSTHRU CTF C DUE 08-25-2022 CUSIP: 7609854X6 |
|
| |
RESIDENTIAL AST MTG PRODS INC 2004-SP1LNAST BKD CTF CL A-I DUE 06-25-2013 CUSIP: 7609855R8 |
|
| |
ROYAL BK SCOTLAND GROUP PLC SUB NT 5 DUE 10-01-2014 BEO CUSIP: 780097AL5 | 85,000.00 | 85,858.93 | |
SBC COMMUNICATIONS INC NT 5.1% DUE 09-15-2014/11-03-2004 CUSIP: 78387GAP8 | 55,000.00 | 55,511.17 | |
SBC COMMUNICATIONS INC NT 5.625 DUE 06-15-2016/08-16-2004 CUSIP: 78387GAL7 | 10,000.00 | 10,330.50 | |
SUPERIOR WHSL INVENTORY FING TR IlX SWIFT2004-A9 A 05-15-2009 CUSIP: 86837MAB5 | 110,000.00 | 110,102.63 | |
UN ELEC CO 5.1 DUE 10-01-2019 BEO CUSIP: 02360FAA4 | 20,000.00 | 19,861.30 | |
VODAFONE AIRTOUCH PLC FORMERLY VODAFONE GRP PLC 6/28/1999 DUE 02-15-2030 CUSIP: 92857TAH0 |
|
| |
WA MUT FIN CORPO SR NT 6.875 DUE 05-15-2011 BEO CUSIP: 939333AC4 | 90,000.00 | 102,049.29 | |
WACHOVIA BK NATL ASSN MEDIUM TERN SUB 8KTRANCHE # SB 000 DUE 08-15-2015 CUSIP: 92976GAA9 |
|
| |
WELLS FARGO & CO NEW MTN 4.2% DUE 01-15-2010 CUSIP: 949746JJ1 | 35,000.00 | 35,142.24 | |
Total United States "-" USD | 4,610,770.15 | ||
Total Corporate Deb Instruments "-" Preferred | 4,610,770.15 | ||
Corporate Debt Instruments "-" Other | |||
United States "-" USD | |||
ALBERTSONS INC BD 7.45 DUE 08-01-2029/07-31-2029 CUSIP: 013104AF1 | 35,000.00 | 41,023.71 | |
AOL TIME WARNER INC DEB DTD 04/08/2002 7.7 DUE 05-01-2032 CUSIP: 00184AAG0 | 60,000.00 | 73,387.08 |
Bausch & Lomb 401(k) Account Plan | |||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | ||
For the Plan Year Ended December 31, 2004 | Page 8 | ||
AT&T BROADBAND CORP NT 9.455% DUE 11-15-2022 BEO CUSIP: 00209TAB1 | 35,000.00 | 48,406.82 | |
BRIT SKY BROADCASTING GROUP PLC GTD NT 6.875 DUE 02-23-2029 CUSIP: 111013AB4 | 15,000.00 | 16,455.15 | |
CAP 1 BK MEDIUM TERM SR BK NTS BOO TRANCHE # TR 00174 4.875 DUE 5-15-2008 CUSIP: 14040EHF2 |
|
| |
CAROLINA PWR & LT CO NT 6.5 DUE 07-15-2012/07-14-2012 CUSIP: 144141CS5 | 55,000.00 | 61,005.45 | |
CIT GROUP INC MEDIUM TERM SR NTS BOOK ENTRANCHE #SR 000 DUE 5-18-2007 CUSIP: 12560PDG3 |
|
| |
CMO BEAR STEARNS COML MTG SECS INC SER 2004-PWR5 CL A-5 4 DUE 7-11-2042 CUSIP: 07383FQ50 |
|
| |
CMO CR SUISSE 1ST BSTN MTG SECS CORP SER2003-CK2 CL A2 DUE 3-15-2036 CUSIP: 22541NS67 |
|
| |
CMO MERRILL LYNCH MTG TR 2004-KEY2COML CL A-2 4.166 DUE 8-12-2039 CUSIP: 59022HDS8 |
|
| |
COMCAST CABLE COMMUNICATIONS INC NOTES 6.875 DUE 06-15-2009 CUSIP: 20029PAM1 | 100,000.00 | 111,094.50 | |
COMCAST CORP NEW COMCAST CORP 7.05 DUE 03-15-2033/03-14-2033 CUSIP: 20030NAC5 | 25,000.00 | 28,605.70 | |
CONSUMERS ENERGY CO 1ST MTG BD SER C 4.25 DUE 04-15-2008 CUSIP: 210518BU9 | 25,000.00 | 25,244.83 | |
DUKE CAP CORP SR NT 8 DUE 10-01-2019 BEO CUSIP: 26439RAH9 | 35,000.00 | 42,711.87 | |
FORD MTR CO DEL DEB DTD 02/09/1999 6.375 DUE 02-01-2029 BEO CUSIP: 345370BZ2 | 15,000.00 | 13,499.04 | |
FORD MTR CO DEL GLOBAL LANDMARK SECS-GLOBLS 7.45 DUE 07-16-2031 CUSIP: 345370CA6 |
|
| |
FORD MTR CR CO FLTG RT DUE 01-15-2010 BEO CUSIP: 345397UC5 | 10,000.00 | 10,091.03 | |
FORD MTR CR CO GLOBAL LANDMARK SECS-GLOBLS 7.375 DUE 02-01-2011 CUSIP: 345397TS2 |
|
| |
FORD MTR CR CO NT 7 DUE 10-01-2013 CUSIP: 345397TZ6 | 25,000.00 | 26,503.30 | |
GEN MTRS ACCEP CORP NT DTD 09/12/2001 6.875 DUE 09-15-2011 CUSIP: 370425RX0 | 45,000.00 | 46,115.69 | |
GEN MTRS ACCEP CORP NT 7.75 DUE 01-19-2010 BEO CUSIP: 370425RP7 | 40,000.00 | 42,932.64 | |
GEN MTRS CORP SR NT 8.375 DUE 07-15-2033 REG CUSIP: 370442BT1 | 75,000.00 | 77,706.23 | |
HUMANA INC 6.3 DUE 08-01-2018 BEO CUSIP: 444859AU6 | 35,000.00 | 35,897.96 | |
INTL PAPER CO NT DTD 08/27/2001 6.75 DUE 09-01-2011/08-31-2011 CUSIP: 460146BN2 | 25,000.00 | 28,028.33 | |
INTL PAPER CO NT 5.3 DUE 04-01-2015/03-31-2015 CUSIP: 460146BU6 | 80,000.00 | 80,938.72 | |
KRAFT FOODS INC NT 4.125% DUE 11-12-2009 BEO CUSIP: 50075NAM6 | 100,000.00 | 99,452.80 | |
KRAFT FOODS INC 5.25 DUE 10-01-2013 BEO CUSIP: 50075NAL8 | 55,000.00 | 56,586.81 |
Bausch & Lomb 401(k) Account Plan | ||||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | |||
For the Plan Year Ended December 31, 2004 | Page 9 | |||
MBNA CORP SR MEDIUM TERM NTS BOOK ENTRY NT 4.625 DUE 09-15-2008 CUSIP: 55263ECK9 |
|
| ||
MIDAMERICAN ENERGY HLDGS CO NEW SR NT 5.875 DUE 10-01-2012 CUSIP: 59562VAF4 | 25,000.00 | 26,491.03 | ||
NEWS AMER HLDGS INC 9.25 DUE 02-01-2013 REG CUSIP: 652478AH1 | 45,000.00 | 57,992.40 | ||
NEWS AMER INC GTD SR NT 6.55% DUE 03-15-2033/03-15-2005 CUSIP: 652482BC3 | 55,000.00 | 58,536.89 | ||
NISOURCE FIN CORP GTD NT DTD 11/14/2000 7.875 DUE 11-15-2010 CUSIP: 65473QAJ2 | 30,000.00 | 35,267.37 | ||
OH PWR CO SR NT SER l 6.375 DUE 07-15-2033/07-15-2013 CUSIP: 677415CJ8 | 35,000.00 | 36,781.61 | ||
PAC GAS & ELEC CO 1ST MTG BD 6.05 DUE 03-01-2034/03-23-2004 CUSIP: 694308GE1 | 60,000.00 | 62,316.96 | ||
RESDNTL AST SEC CORP MTG PA 2003-KS3 MTGAST BKD PASS TH DUE 05-25-2033 CUSIP: 76110WRE8 |
|
| ||
SAFEWAY INC NT 4.95 DUE 08-16-2010/08-12-2004 CUSIP: 786514BL2 | 40,000.00 | 40,718.36 | ||
SLM CORP MEDIUM TERM NTS BOOK ENTRY 5.625 DUE 08-01-2033 CUSIP: 78442FAZ1 | 120,000.00 | 118,704.60 | ||
SPRINT CAP CORP NT 8.75 DUE 03-15-2032 BEO CUSIP: 8520960AT9 | 110,000.00 | 146,553.99 | ||
TIME WARNER ENTMT CO L P 8.375 DUE 03-15-2023 REG CUSIP: 88731EAF7 | 105,000.00 | 131,639.34 | ||
TYCO INTL GROUP S A CRP TYC 6.375 DUE 10-15-2011/10-14-2011 CUSIP: 902118BC1 | 85,000.00 | 93,844.76 | ||
VALERO ENERGY CORP NEW VALERO NEW DEAL 30 YR 7.5 DUE 04-15-2032 CUSIP: 91913YAE0 |
|
| ||
WASTE MGMT INC DEL SR NT 6.875 05-15-2009 BEO CUSIP: 94106LAE9 | 50,000.00 | 55,398.85 | ||
WEYERHAEUSER CO DEB 7.375 DUE 03-15-2032 BEO CUSIP: 962166BR4 | 105,000.00 | 124,513.83 | ||
XCEL ENERGY INC SR NT 7 DUE 12-01-1010 BEO CUSIP: 98388MAA5 | 30,000.00 | 33,816.90 | ||
Total United States - USD | 2,662,486.31 | |||
Total Corporate Debt Instruments Other | 2,662,486.31 | |||
Value of Interest in Common/Collective Trusts | ||||
United States - USD | ||||
COLTV SHORT TERM INVT FD CUSIP: 195998AC3 | 610,333.13 | |||
Total United States USD | 610,333.13 | |||
Value of Interest in Common/Collective Trusts | 610,333.13 | |||
Other | ||||
United States "-" USD | ||||
UNITED MEXICAN STS MEDIUM TERM NTS BOOK ENTRY TRANCHE # TR CUSIP: 91086QAH1 |
|
| ||
Bausch & Lomb 401(k) Account Plan | ||||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | |||
For the Plan Year Ended December 31, 2004 | Page 10 | |||
UTD MEXICAN STS MEDIUM TERM NTS BOOK ENTRY 4.625 DUE 10-08-2008 CUSIP: 91086QAM0 |
|
| ||
Total United States "-" USD | 256,365.00 | |||
Total Other | 256,365.00 | |||
Other Liabilities | ||||
Pending Trade Purchases: United States Dollar | 0.00 | (9,806,344.78) | ||
Subtotal | 24,222,446.42 | |||
Underlying Securities (Clover Capital): | ||||
U.S. Gov't Securities | ||||
United States - USD | ||||
FH LB HFLB 3 11-15-2006 CUSIP: 3133MTRJ9 | 1,000,000.00 | 995,858.00 | ||
FHLMC MULTICLASS SER 2743 CL IW 5 04-15-2021 CUSIP: 31394PV67 | 3,730,000.00 | 508,201.31 | ||
FHLMC POOL #C0-1844 4.57% 04-01-2034 BEO CUSIP: 31292JBM1 | 730,270.54 | 705,756.09 | ||
FNMA POOL #254759 4.5% 06-01-2018 BEO CUSIP: 31371K5Ul | 959,511.01 | 958,616.75 | ||
FNMA POOL #255111 5.5% DUE 03-01-2034 REG CUSIP: 31371LKY4 | 966,728.28 | 982,008.39 | ||
FNMA POOL #535301 6.5% DUE 04-01-2015 REG CUSIP: 31384VU26 | 111,913.85 | 118,765.44 | ||
FNMA POOL #689022 5% 05-01-2033 BEO CUSIP: 31400JPF0 | 669,774.85 | 665,845.95 | ||
FNMA POOL #694431 5% DUE 03-01-2018 REG CUSIP: 31400QPQ0 | 1,022,097.87 | 1,039,434.69 | ||
GNMA POOL #482764 SER 2028 6.5% DUE 10-15-2028 REG CUSIP: 36209VJH8 | 125,403.70 | 132,260.02 | ||
GNMA POOL #533974 SER 2032 6.5% DUE 05-15-2032 REG CUSIP: 36212HFP0 | 318,081.14 | 335,131.56 | ||
GNMA POOL #553328 4.5% 07-15-2018 BEO CUSIP: 36213FVV2 | 411,219.04 | 413,661.68 | ||
GNMA POOL #569799 SER 2032 7% DUE 05-15-2032 REG CUSIP: 36200Q7L2 | 91,741.16 | 97,502.69 | ||
GNMA POOL #570400 SER 2031 6.5% DUE 09-15-2031 REG CUSIP: 36200RUZ3 | 71,775.52 | 75,622.11 | ||
GNMA POOL #604616 4.5% 09-15-2018 BEO CUSIP: 36200MVH3 | 657,941.24 | 661,849.41 | ||
GNMA POOL #781029 SER 2029 6.5% DUE 05-15-2029 REG CUSIP: 36225BEA2 | 111,055.92 | 117,101.47 | ||
GNMA POOL #781096 SER 2028 6.5% DUE 12-15-2028 REG CUSIP: 36225BGD4 | 71,198.95 | 75,099.94 | ||
GNMA POOL #781207 SER 2030 7.5% DUE 08-15-2030 REG CUSIP: 36225BKU1 | 27,969.75 | 30,045.30 | ||
GNMA POOL #781231 SER 2030 7% DUE 12-15-2030 REG CUSIP: 36225BLL0 | 111,573.19 | 118,741.77 | ||
GNMA POOL #781276 SER 2031 6.5% DUE 04-15-2031 REG CUSIP: 36225BMZ8 | 60,985.54 | 64,274.06 | ||
Bausch & Lomb 401(k) Account Plan | ||||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | |||
For the Plan Year Ended December 31, 2004 | Page 11 | |||
GNMA POOL #781483 SER 2032 6% DUE 08-15-2032 REG CUSIP: 366225BUG1 | 676,141.11 | 701,914.93 | ||
GNMA 2004-059 REMIC PASSTHRU CTF CL DA 5 06-16-2034 CUSIP: 38374HYQ7 | 252,357.23 | 256,227.13 | ||
UNITED STATES TREAS BDS DTD 08-15-1997 6.375% DUE 08-15-2007 CUSIP: 912810FA1 | 400,000.00 | 480,312.40 | ||
US TREAS BDS DTD 08/15/1993 6.25 DUE 08-15-2023 REG CUSIP: 912810EQ7 | 300,000.00 | 351,222.60 | ||
US TREAS BDS 7 1/4 15/8/2022 USD 1000 7.25 DUE 08-15-2022 CUSIP: 912810EM6 | 600,000.00 | 773,273.40 | ||
US TREAS BDS 7.5 11/15/2016 USD 1000 7.5 DUE 11-15-2016 REG CUSIP: 912810DX3 | 1,550,000.00 | 1,980,791.50 | ||
Total United States "-" USD | 12,639,518.59 | |||
Total U.S. Government Securities | 12,639,518.59 | |||
United States "-" USD | ||||
ABBOTT LABS 6.4 DUE 12-01-2006 REG CUSIP: 002824AH3 | 1,000,000.00 | 1,055,985.00 | ||
ALLSTATE CORP 5.375 DUE 12-01-2006 BEO CUSIP: 020002AM3 | 1,000.000.00 | 1,033,009.00 | ||
CITICORP MEDIUM TERM SUB NTS "-" BOOK ENTRYRANCHE # SB 00195 CUSIP: 17303MJC4 |
|
| ||
EMERSON ELEC CO EMERSON ELEC 7.125 DUE 08-15-2010 BEO CUSIP: 291011AM6 | 1,250,000.00 | 1,431,560.00 | ||
PRUDENTIAL FINL INC MEDIUM TERM NTS BOOKTRANCHE #TR 0 CUSIP: 74432QAE5 | 500,000.00 | 502,396.00 | ||
PUB SERVICE CORP COL 1ST COLL TR BD SER 14 4.375 10-1-08/9/30/08 CUSIP: 744448BW0 | 500,000.00 | 506,997.50 | ||
SYSCO CORP 7.16 SR NT DUE 04-15-2027 PUTON 04-14-07 DELIVE CUSIP: 871829AD9 | 200,000.00 | 243,575.20 | ||
WAL-MART STORES INC NT 6.875 DUE 08-10-2009 BEO CUSIP: 931142BE2 | 1,285,000.00 | 1,442,914.94 | ||
WELLS FARGO FINL INC WELLS FARGO FINL SRNT 4.875 DUE 06/12/07- CUSIP: 94975CAK3 | 514,000.00 | 530,630.47 | ||
1ST DATA CORP NT DTD 07/24/1995 6.75 DUE 07-15-2005 REG CUSIP: 319963AB0 | 250,000.00 | 255,099.75 | ||
Total United States "-" USD | 7,546,505.36 | |||
Total Corporate Debt Investments Preferred | 7,546,505.36 | |||
Corporate Debt Instruments - Other | ||||
United States - USD | ||||
BISYS GROUP INC CONV SUB NT 4% DUE 03-15-2006/03-15-2005 CUSIP: 055472AB0 | 500,000.00 | 495,000.00 | ||
CONAGRA INC NT 7.875 DUE 09-15-2010 BEO CUSIP: 205887AW2 | 425,000.00 | 499,266.63 | ||
DIAL CORP NEW SR NT DTD 08/09/2001 7 DUE 08-15-2006/08-14-2006 CUSIP: 25247DAB7 | 700,000.00 | 738,928.40 |
Bausch & Lomb 401(k) Account Plan | ||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | |
For the Plan Year Ended December 31, 2004 | Page 12 | |
FORD MTR CR CO GLOBAL LANDMARK SECS-GLOBLS 6.875 DUE 02-01-2006 CUSIP: 345397TR4 |
|
|
GEN MLS INC BD DTD 11/20/2002 3.875 DUE 11-30-2007/11-29-2007 CUSIP: 370334AW4 | 500,000.00 | 501,599.00 |
KINDER MORGAN ENERGY PARTNERS L P SR NT 5.125% DUE 11-15-2014 CUSIP: 494550AS5 |
|
|
PIONEER NAT RES CO 7.2 DUE 01-15-2028 REG CUSIP: 723787AB3 | 275,000.00 | 315,139.83 |
ROADWAY CORP SR NT 8.25 DUE 12-01-2008 BEO CUSIP: 769742AB3 | 500,000.00 | 562,290.50 |
THERMO ELECTRON CORP 7.625 DUE 10-30-2008 BEO CUSIP: 883556AG7 | 300,000.00 | 334,535.40 |
VA ELEC & PWR CO CALL & PUTTABLE ENHANCED SECS 4.1 DUE 12-15-2038 CUSIP: 927804EX8 |
|
|
WORLD COLOR PRESS INC DEL 6.0 CONV SUB NT DUE 10-01-2007 CUSIP: 981443AA2 | 120,000.00 | 122,880.00 |
XTO ENERGY INC SR NT 7.5 DUE 04-15-2012/04-14-2012 CUSIP: 98385XAA4 | 280,000.00 | 327,657.68 |
Total United States - USD | 5,361,851.84 | |
Total Corporate Debt Instruments "-" Other | 5,361,851.84 | |
Value of Interest in Common/Collective Trusts | ||
United States - USD | ||
COLTV GOVT STIF REG CUSIP: 195998BD0 | 298,952.99 | 298,952.99 |
Total United States - USD | 298,952.99 | |
Total Value of Interest in Common/Collective Trusts | 298,952.99 | |
Other Liabilities | ||
Bausch & Lomb for Clover Capital ** | (1.00) | (868,133.68) |
Subtotal | 24,978,695.10 | |
Underlying Securities (MAS): | ||
Value of Interest in Common/Collective Trusts | ||
USD - United States Dollar | ||
United States - USD | ||
COLTV SHORT TERM INVT FD CUSIP: 195998AC3 | 282.73 | 282.73 |
Total United States - USD | 282.73 | |
Total Value of Interest in Common/Collective Trusts | 282.73 |
Bausch & Lomb 401(k) Account Plan | ||
Schedule of Assets Held for Investment Purposes at End of Year | Schedule I | |
For the Plan Year Ended December 31, 2004 | Page 13 | |
Value of Interest in Registered Investment Companies | ||
United States - USD | ||
MFO MORGAN STANLEY INSTL FD FXD INC 11 PORTFOLIO INSTL CL CUSIP: 617440805 | 107,387.67 | 1,212,406.79 |
Total United States - USD | 1,212,406.79 | |
Total Value of Interest in Registered Investment Companies | 1,212,406.79 | |
Other | ||
United Sates - USD | ||
MAS BAUSCH & LOMB CUSIP 0000958969 ** | 323,610.64 | |
Total United States - USD | 323,610.64 | |
Total Other | 323,610.64 | |
Subtotal |
| |
Total Value $50,724,974; Wrapper $12,467.54 * | 50,737,441.68 | |
Total Investments | 373,125,414.89 | |
*Represents synthetic investment contract whereby assets are placed in a trust (with ownership by the Plan) and a third party issues a wrapper contract | ||
**Denotes party-in-interest. |
Signature
Bausch & Lomb 401(k) Account Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee of Bausch & Lomb Incorporated has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Bausch & Lomb 401(k) Account Plan
(Name of Plan)
Date: June 15, 2005
By:
/s/
David Nachbar
Exhibit Index
EX-23 | Consent of PricewaterhouseCoopers LLP (filed herewith). |