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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One):
[X] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended December 31, 2001
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from ____________ to ____________
Commission File No. 333-67466
A. Full title of the Plan:
Willis North America Inc. Financial Security Partnership Plan
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office:
WILLIS NORTH AMERICA INC.
Attn: Mary E. Caiazzo
26 Century Boulevard
Nashville, TN 37214
Tel: (615) 872-3000
INDEPENDENT AUDITORS’ REPORT | ||||||||
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS | ||||||||
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS | ||||||||
NOTES TO FINANCIAL STATEMENTS | ||||||||
CONSENT OF INDEPENDENT AUDITORS |
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Page | |||||
INDEPENDENT AUDITORS’ REPORT | 1 | ||||
FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED | |||||
DECEMBER 31, 2001 AND 2000: | |||||
Statements of Net Assets Available for Benefits | 2 | ||||
Statement of Changes in Net Assets Available for Benefits | 3 | ||||
Notes to Financial Statements | 4-7 | ||||
SUPPLEMENTAL SCHEDULE AS OF DECEMBER 31, 2001: | |||||
Schedule of Assets (Held at End of Year) | 8-21 | ||||
EXHIBIT | |||||
Exhibit 23 - Independent Auditors’ Consent | 22 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
WILLIS NORTH AMERICA INC. FINANCIAL SECURITY PARTNERSHIP PLAN | ||||
By: | /s/ Carol McAlpine Carol McAlpine Vice President, Willis North America Inc. | |||
Date: July 1, 2002 |
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INDEPENDENT AUDITORS’ REPORT
To The Benefits Committee
Willis North America Inc.
We have audited the accompanying statements of net assets available for benefits of the Willis North America Inc. Financial Security Partnership Plan (the “Plan”) as of December 31, 2001 and 2000, and the related statement of changes in net assets available for benefits for the year ended December 31, 2001. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. 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, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2001 and 2000, and the changes in net assets available for benefits for the year ended December 31, 2001 in conformity with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule listed in the Table of Contents 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. This schedule is the responsibility of the Plan’s management. Such schedule has been subjected to the auditing procedures applied in our audit of the basic financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic 2001 financial statements taken as a whole.
/s/DELOITTE & TOUCHE LLP
New York, New York
June 21, 2002
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2001 AND 2000
2001 | 2000 | |||||||
INVESTMENTS — at fair value | $ | 144,384,459 | $ | 155,525,272 | ||||
INVESTMENT — at contract value | 55,218,518 | 51,513,701 | ||||||
PARTICIPANT LOANS RECEIVABLE | 4,692,703 | 4,331,316 | ||||||
CASH | 756 | 100,900 | ||||||
CONTRIBUTIONS RECEIVABLE FROM PARTICIPANTS | — | 347,708 | ||||||
CONTRIBUTIONS RECEIVABLE FROM EMPLOYER | — | 669,544 | ||||||
NET ASSETS AVAILABLE FOR BENEFITS | $ | 204,296,436 | $ | 212,488,441 | ||||
See notes to financial statements |
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2001
ADDITIONS TO NET ASSETS: | |||||||
Contributions: | |||||||
Contributions from participants | $ | 17,440,754 | |||||
Contributions from employer, net of forfeitures | 5,322,129 | ||||||
TOTAL ADDITIONS TO NET ASSETS | 22,762,883 | ||||||
DEDUCTIONS FROM NET ASSETS: | |||||||
Investment loss: | |||||||
Dividends | 1,606,942 | ||||||
Interest | 2,716,122 | ||||||
Interest from participant loans | 404,562 | ||||||
Net realized and unrealized depreciation in fair value of investments | (14,195,436 | ) | |||||
Total investment loss | (9,467,810 | ) | |||||
Benefits paid to participants | (21,451,363 | ) | |||||
Fees paid by participants | (35,715 | ) | |||||
TOTAL DEDUCTIONS FROM NET ASSETS | (30,954,888 | ) | |||||
NET DECREASE | (8,192,005 | ) | |||||
NET ASSETS AVAILABLE FOR BENEFITS: | |||||||
Beginning of year | 212,488,441 | ||||||
End of year | $ | 204,296,436 | |||||
See notes to financial statements.
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2001 AND 2000
1. | DESCRIPTION OF THE PLAN | |
The following description of the Willis North America Inc. Financial Security Partnership Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a complete description of the Plan’s provisions. | ||
General – The Plan is a defined contribution plan sponsored by Willis North America Inc. (the “Company”), a subsidiary of Willis Group Limited and covers all eligible employees of the Company and its subsidiaries. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). | ||
Contributions – For all full-time and part-time employees of Willis North America Inc., the required period of service is three months. Participants can contribute between 1% and 20% of their eligible compensation as a pre-tax contribution, subject to Internal Revenue Service (“IRS”) limits. After participants have completed one year of service, employer’s contributions are made on a full matching basis up to 3% of the employee’s annual eligible compensation. Temporary employees are eligible for employer matching upon completion of 1,000 hours of service in their first year of employment or any Plan year following their first year of employment. Effective September 1, 2001, all Company matching deposits are invested solely in the Willis Stock Fund and credited to the Stock-Based Company Matching Deposit Account. | ||
Participant accounts – Each participant’s account is credited with the participant’s contributions and allocations of (a) the employer’s contribution and (b) Plan earnings, and charged with an allocation of administrative expenses. Allocations of earnings are made daily. | ||
At December 31, 2001, participant contributions may be invested in any combination of the following: | ||
MetLife Guaranteed Fixed Income Fund MetLife Stock Market Index Guarantee Account Harris Associates — Oakmark Fund Loomis Sayles Small Cap Value Fund Loomis Sayles Small Cap Growth Fund Templeton Foreign Fund American Century Income & Growth Fund Harris Associates — Oakmark Select Fund Janus Fund Baron Asset Fund PIMCO Total Return Bond Fund PIMCO High Yield Bond Fund Willis Stock Fund | ||
In addition, participants have the option of transferring amounts from the above funds into a self-directed brokerage account. The MetLife Guaranteed Fixed Income Fund is invested in group annuity insurance contracts (“GAIC”) with Metropolitan Life Insurance Company (“MLIC”). |
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Payment of benefits – Participants are eligible for distributions upon retirement, disability, termination of service, or death. Special provisions allow for earlier distributions of participants’ contributions and earnings thereon, and vested employer contributions and earnings thereon, as hardship withdrawals, subject to certain IRS regulations. Upon receiving a hardship withdrawal, a participant’s contributions to the Plan will automatically be suspended for a period of 12 months. Distributions of accounts are made in lump-sum amounts. | ||
Vesting – A participant’s contributions and earnings thereon are immediately fully vested. Employer contributions and earnings thereon partially vest after three years of service, regardless of the number of contributions. Employer contributions and earnings thereon fully vest after 5 years of service with the Company or a predecessor company or as soon as the employee reaches the age of 65, dies or becomes disabled, whichever occurs first. | ||
Participant loans – Participants may borrow from their fund accounts up to a maximum of $50,000 or 50% of their account balance, whichever is less. The loans are secured by the balance in the participant’s account and bear interest at rates that range from 6.00% to 10.50%, which are commensurate with prevailing rates as determined by the Plan administrator. Principal and interest is paid ratably through payroll deductions. | ||
Forfeitures – Withdrawing participants forfeit all nonvested employer contributions. The forfeitures are used to offset future employer contributions. Forfeited nonvested accounts totaled $505,220 and $302,146 at December 31, 2001 and 2000, respectively. | ||
Plan termination – Although the Company has not expressed any intent to terminate the Plan, it may cease making contributions or terminate the Plan at any time subject to the provisions of ERISA. Upon termination of the Plan, partial termination or complete discontinuance of the employer’s contributions to the Plan, the balance in each participant’s or retired participant’s accounts becomes nonforfeitable and each participant, retired participant, or beneficiary is entitled to receive any amounts then credited to his/her accounts in the trust fund, provided that the Company may elect to continue the trust and make payments therefrom, pursuant to the terms of the Plan. | ||
2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of accounting – The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting. | ||
Valuation of investments – The fair value of investments in securities and in mutual funds is based upon closing market quotations as of the last day of the plan year. The investment in GAICs is reflected in the accompanying financial statements at the contract value reported to the Plan by MLIC at December 31, 2001 and 2000, which approximates fair value. Purchases and sales of securities are recorded on a trade-date basis. The average cost method is used in determining the cost of investments sold. | ||
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 net assets available for benefits and changes therein. Actual results could differ from those estimates. The plan utilizes various investment instruments. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for plan benefits. |
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Payment of benefits – Benefits are recorded when paid. | ||
Recent accounting pronouncements – Statement of Financial Accounting Standards (“SFAS”) No. 133, Accounting for Derivative Instruments and Hedging Activities, is effective for all fiscal years beginning after June 15, 2000. SFAS No. 133, as amended by SFAS No. 137 and 138, establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. The Plan adopted these statements on January 1, 2001. The adoption of these statements did not have a significant impact on the statement of net assets available for benefits or the statement of changes in net assets available for benefits of the Plan. | ||
Reclassifications – Certain reclassifications have been made in the fiscal 2000 financial statements to conform to the classifications used in fiscal 2001. | ||
3. | INVESTMENTS | |
Amounts invested in the GAICs are commingled with the other investments of the general accounts of the MLIC. Interest is allocated based upon a contractual arrangement and is credited monthly. The crediting rate and average yield was 5.3% at December 31, 2001 and 2000, respectively. | ||
Individual investments which represent greater than 5% of total assets are as follows: |
As of December 31, 2001: | |||||
MetLife Stock Market Index Guarantee Account | $ | 52,829,799 | |||
Harris Associates — Oakmark Fund | 20,557,680 | ||||
Janus Fund | 12,454,713 | ||||
MetLife Guaranteed Fixed Income Account | 55,218,518 | ||||
| |||||
As of December 31, 2000: | |||||
MetLife Stock Market Index Guarantee Account | $ | 57,697,533 | |||
Harris Associates — Oakmark Fund | 15,863,338 | ||||
Janus Fund | 18,233,582 | ||||
MetLife/UAM Medium-Term TimeStyle Portfolio | 13,738,478 | ||||
MetLife Guaranteed Fixed Income Account | 51,513,701 |
4. | NONPARTICIPANT DIRECTED INVESTMENTS | |
Information about the net assets and the significant components of the changes in net assets as of and for the year ended December 31, 2001 relating to the nonparticipant-directed investments is as follows: |
NET ASSETS: | |||||
Investments — at fair value | $ | 1,817,874 | |||
CHANGES IN NET ASSETS: | |||||
Contributions from employer, net of forfeitures | $ | 1,768,952 | |||
Dividends | 123 | ||||
Net appreciation in fair value of investments | 49,763 | ||||
Other receipts | 1,890 | ||||
Benefits paid to participants | (2,854 | ) | |||
$ | 1,817,874 | ||||
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5. | INCOME TAX STATUS | |
The Plan has received a determination letter from the IRS dated February 1, 1996, 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. The Plan has been amended since receiving the determination letter. 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. | ||
6. | TRANSACTIONS WITH PARTIES-IN-INTEREST | |
Transactions with parties-in-interest include contributions from the Company and various funds managed by MLIC, the trustee of the Plan. All necessary administrative expenses of the Plan are paid by the Company. The expenses paid by the Company were $7,125 for 2001. | ||
7. | RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 | |
Benefit payments allocated to plan participants but not paid are reflected on the Plan’s Form 5500, but not in the accompanying financial statements. The following is a reconciliation of net assets available for benefits in the financial statements to the Form 5500 as of December 31, 2001 and 2000: |
2001 | 2000 | |||||||
Net assets available for benefits per the financial statements | $ | 204,296,436 | $ | 212,488,441 | ||||
Benefits payable to plan participants | (7,901 | ) | (262,557 | ) | ||||
Net assets available for benefits per the Form 5500 | $ | 204,288,535 | $ | 212,225,884 | ||||
The following is a reconciliation of distributions to participants in the financial statements to the Form 5500 for the 2001 plan year: |
Distributions to participants per the financial statements | $ | 21,451,363 | ||
Benefits payable at beginning of year | (262,557 | ) | ||
Benefits payable at end of year | 7,901 | |||
Distributions to participants per the Form 5500 | $ | 21,196,707 | ||
* * * * * *
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
* | MetLife Guaranteed Fixed Income Account | Group Annuity Insurance Contracts | $ | 55,218,518 | ||||||||||||
* | MetLife Stock Market Index Guarantee Account | Mutual Fund | 52,829,799 | |||||||||||||
Harris Associates — Oakmark Fund | Mutual Fund | 20,557,680 | ||||||||||||||
Loomis Sayles Small Cap Value Fund | Mutual Fund | 9,735,986 | ||||||||||||||
Loomis Sayles Small Cap Growth Fund | Mutual Fund | 2,851,193 | ||||||||||||||
Templeton Foreign Fund | Mutual Fund | 5,034,863 | ||||||||||||||
American Century Income & Growth Fund | Mutual Fund | 2,833,897 | ||||||||||||||
Harris Associates — Oakmark Select Fund | Mutual Fund | 7,845,047 | ||||||||||||||
Janus Fund | Mutual Fund | 12,454,713 | ||||||||||||||
Baron Asset Fund | Mutual Fund | 1,595,482 | ||||||||||||||
PIMCO Total Return Bond Fund | Mutual Fund | 8,650,644 | ||||||||||||||
PIMCO High Yield Bond Fund | Mutual Fund | 533,420 | ||||||||||||||
* | Willis Stock Fund | Stock Fund - Participant Directed | 3,368,263 | |||||||||||||
* | Willis Stock Fund | Stock Fund - Nonparticipant Directed | $ | 1,771,428 | 1,817,874 | |||||||||||
AIM Aggressive Growth Fund | Mutual Fund | 20,559 | ||||||||||||||
AIM Basic Value Fund | Mutual Fund | 20,651 | ||||||||||||||
AIM Equity Constellation Fund | Mutual Fund | 16,187 | ||||||||||||||
AIM Equity Funds Inc. Weingarten | Mutual Fund | 12,090 | ||||||||||||||
Alliance Premier Growth Fund Class A | Mutual Fund | 4,060 | ||||||||||||||
Amcent Benham Target | Mutual Fund | 14,328 | ||||||||||||||
Amcent 20th Century Intl Discovery Fund | Mutual Fund | 27,056 | ||||||||||||||
Amcent Twentieth Century Growth Fund | Mutual Fund | 7,387 | ||||||||||||||
Amcent Utilities Fund | Mutual Fund | 50,266 | ||||||||||||||
American Century Intl Growth Fund | Mutual Fund | 9,018 | ||||||||||||||
American Century Small Cap Value Fund | Mutual Fund | 4,403 | ||||||||||||||
American Century Treasury Fund | Mutual Fund | 32,149 | ||||||||||||||
American Century Twentieth Century V | Mutual Fund | 6,895 | ||||||||||||||
Amerindo Technology Fund | Mutual Fund | 3,421 | ||||||||||||||
Artisan International Fund | Mutual Fund | 4,928 | ||||||||||||||
Artisan Midcap Fund | Mutual Fund | 58,647 | ||||||||||||||
Baron Asset Fund | Mutual Fund | 50,150 | ||||||||||||||
Baron Growth Fund | Mutual Fund | 43,173 | ||||||||||||||
Baron I Opportunity Fund | Mutual Fund | 2,941 | ||||||||||||||
Berger New Generation Fund | Mutual Fund | 1,989 | ||||||||||||||
Berger Small Growth Fund | Mutual Fund | 2,287 | ||||||||||||||
Boston Partners Small Cap Value II | Mutual Fund | 28,924 | ||||||||||||||
Bradywine Fund | Mutual Fund | 21,732 | ||||||||||||||
Calamos Growth Fund | Mutual Fund | 20,448 | ||||||||||||||
California Nasdaq-100 Index Fund | Mutual Fund | 665 | ||||||||||||||
Cohen & Streers Realty Fund | Mutual Fund | 27,077 | ||||||||||||||
Commercial Net Lease Realty Fund | Mutual Fund | 37,649 | ||||||||||||||
Communications Focus Fund | Mutual Fund | 2,256 | ||||||||||||||
Credit Suisse Global Tech Fund | Mutual Fund | 14,385 | ||||||||||||||
Credit Suisse Japan Growth Fund | Mutual Fund | 447 | ||||||||||||||
Credit Suisse Japan Small Company Fund | Mutual Fund | 922 | ||||||||||||||
Davis New York Venture Fund Class A | Mutual Fund | 75,084 | ||||||||||||||
DFA International Value Portfolio | Mutual Fund | 4,282 | ||||||||||||||
DFA Intl Small Cap Value Portfolio | Mutual Fund | 5,354 | ||||||||||||||
DFA Intl Small Company Portfolio Fund | Mutual Fund | 6,121 | ||||||||||||||
DFA Real-Estate Securities Portfolio | Mutual Fund | 4,401 | ||||||||||||||
DFA Two-Year Global Fixed-Income | Mutual Fund | 10,881 | ||||||||||||||
DFA U S Large Cap Value Portfolio | Mutual Fund | 12,492 | ||||||||||||||
DFA U S Large Company Portfolio | Mutual Fund | 15,659 |
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
DFA U S Micro Cap Portfolio | Mutual Fund | $ | 4,100 | |||||||||||||
DFA U S Small Cap Value Portfolio | Mutual Fund | 999 | ||||||||||||||
Dodge & Cox Balanced Fund | Mutual Fund | 1,084 | ||||||||||||||
Dodge & Cox Income Fund | Mutual Fund | 11,949 | ||||||||||||||
Dodge & Cox Stock Fund | Mutual Fund | 36,808 | ||||||||||||||
Dresdner RCM Biotech Fund | Mutual Fund | 12,748 | ||||||||||||||
Dresdner RCM Europe Fund | Mutual Fund | 3,911 | ||||||||||||||
Dresdner RCM Global Health Care Class N | Mutual Fund | 4,654 | ||||||||||||||
Dresdner RCM Global Tech Class N | Mutual Fund | 6,652 | ||||||||||||||
Dreyfus New Leaders Fund | Mutual Fund | 21,577 | ||||||||||||||
Dreyfus Small Company Value Fund | Mutual Fund | 30,274 | ||||||||||||||
Eaton Vance Traditional Worldwide Health Fund | Mutual Fund | 28,413 | ||||||||||||||
Evergreen Health Care Fund | Mutual Fund | 25,503 | ||||||||||||||
Excelsior Energy & Natural Resources Fund | Mutual Fund | 2,010 | ||||||||||||||
Excelsior Value & Restructuring Fund | Mutual Fund | 41,244 | ||||||||||||||
Fidelity Dividend Growth Fund | Mutual Fund | 5,723 | ||||||||||||||
Fidelity Fund | Mutual Fund | 6,742 | ||||||||||||||
Fidelity Low Priced Stock 3% Load | Mutual Fund | 28,013 | ||||||||||||||
Fidelity Mid Cap Stock Fund | Mutual Fund | 14,962 | ||||||||||||||
Fidelity Select Developing Fund | Mutual Fund | 1,045 | ||||||||||||||
Fidelity Select Electricity Portfolio | Mutual Fund | 62,854 | ||||||||||||||
Fidelity Select Health Care | Mutual Fund | 5,652 | ||||||||||||||
Fidelity Seclect Software & Computer | Mutual Fund | 23,644 | ||||||||||||||
Fidelity Select Telecommunications | Mutual Fund | 1,042 | ||||||||||||||
Fidelity Select Computers | Mutual Fund | 39,533 | ||||||||||||||
Fidelity Select Technology | Mutual Fund | 59,300 | ||||||||||||||
Fidelity Utilities Fund | Mutual Fund | 24,346 | ||||||||||||||
First American Technology Fund | Mutual Fund | 219 | ||||||||||||||
Firsthand Communications | Mutual Fund | 5,685 | ||||||||||||||
Firsthand E-Commerce Fund | Mutual Fund | 27,403 | ||||||||||||||
Firsthand Tech Innovators Fund | Mutual Fund | 5,456 | ||||||||||||||
Firsthand Tech Leaders Fund | Mutual Fund | 6,269 | ||||||||||||||
Firsthand Technology Value Fund | Mutual Fund | 28,384 | ||||||||||||||
Flac Investors Value Builder | Mutual Fund | 78,421 | ||||||||||||||
Fremont US Micro Cap Fund | Mutual Fund | 25,143 | ||||||||||||||
Gabelli Global Growth Fund | Mutual Fund | 1,861 | ||||||||||||||
Gabelli Global Convertible Securities Fund | Mutual Fund | 3,746 | ||||||||||||||
Gabelli Growth Fund | Mutual Fund | 13,372 | ||||||||||||||
Gateway Fund | Mutual Fund | 129,302 | ||||||||||||||
Golf Trans America Inc Fund | Mutual Fund | 3,480 | ||||||||||||||
Guardian Park Avenue Fund | Mutual Fund | 19,868 | ||||||||||||||
Health Care Focus Fund | Mutual Fund | 4,667 | ||||||||||||||
Heartland Taxable Short | Mutual Fund | 34,344 | ||||||||||||||
Internet Fund | Mutual Fund | 9,986 | ||||||||||||||
Invesco Balanced Fund | Mutual Fund | 16,432 | ||||||||||||||
Invesco Technology II | Mutual Fund | 10,062 | ||||||||||||||
Invesco Telecommunications | Mutual Fund | 11,308 | ||||||||||||||
Invesco Value Equity Fund | Mutual Fund | 9,386 | ||||||||||||||
Investment Co of America | Mutual Fund | 988 | ||||||||||||||
J D N Realty Corp Fund | Mutual Fund | 3,699 | ||||||||||||||
Janus Balanced Fund | Mutual Fund | 16,062 | ||||||||||||||
Janus Core Equity Fund | Mutual Fund | 5,429 | ||||||||||||||
Janus Enterprise Fund | Mutual Fund | 7,971 | ||||||||||||||
Janus Flexible Income Fund | Mutual Fund | 92,644 |
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WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Janus Fund | Mutual Fund | $ | 29,208 | |||||||||||||
Janus Global Life Science Fund | Mutual Fund | 30,355 | ||||||||||||||
Janus Global Technology Fund | Mutual Fund | 13,589 | ||||||||||||||
Janus Growth & Income Fund | Mutual Fund | 33,065 | ||||||||||||||
Janus Mercury Fund | Mutual Fund | 61,613 | ||||||||||||||
Janus Olympus Fund | Mutual Fund | 18,580 | ||||||||||||||
Janus Orion Fund | Mutual Fund | 1,885 | ||||||||||||||
Janus Overseas Fund | Mutual Fund | 21,829 | ||||||||||||||
Janus Special Situations Fund | Mutual Fund | 10,215 | ||||||||||||||
Janus Twenty Fund | Mutual Fund | 37,050 | ||||||||||||||
Janus Worldwide Fund | Mutual Fund | 38,578 | ||||||||||||||
Japan OTC Equity Fund Inc | Mutual Fund | 2,805 | ||||||||||||||
Julius Baer International Equity Fund A | Mutual Fund | 2,719 | ||||||||||||||
Lindner Asset Allocation | Mutual Fund | 5,514 | ||||||||||||||
Loomis Sayles Bond Fund | Mutual Fund | 14,088 | ||||||||||||||
Managers Value Fund | Mutual Fund | 56,300 | ||||||||||||||
Marsico Focus Fund | Mutual Fund | 8,406 | ||||||||||||||
Montgomery Global Communications Fund | Mutual Fund | 2,349 | ||||||||||||||
Montgomery Growth Fund | Mutual Fund | 23,912 | ||||||||||||||
Montgomery International Growth Fund | Mutual Fund | 620 | ||||||||||||||
Morgan Stanley Institutional Trans Mid-Cap Growth Fund | Mutual Fund | 15,771 | ||||||||||||||
Navellier Aggressive Growth Port | Mutual Fund | 10,189 | ||||||||||||||
New Perspective Fund | Mutual Fund | 1,012 | ||||||||||||||
Oakmark Equity Income Fund | Mutual Fund | 1,680 | ||||||||||||||
Oakmark Fund | Mutual Fund | 28,243 | ||||||||||||||
Oakmark Select Fund | Mutual Fund | 45,119 | ||||||||||||||
Parnassus Equity Income Fund | Mutual Fund | 3,772 | ||||||||||||||
Payden Growth & Income Fund | Mutual Fund | 26,195 | ||||||||||||||
PBHG Emerging Growth Fund | Mutual Fund | 6,854 | ||||||||||||||
PBHG Growth Fund | Mutual Fund | 1,001 | ||||||||||||||
PBHG Large Cap Growth Fund | Mutual Fund | 11,782 | ||||||||||||||
PBHG Large Cap 20 Fund | Mutual Fund | 2,189 | ||||||||||||||
PBHG Select Equity Fund | Mutual Fund | 15,611 | ||||||||||||||
PBHG Technology & Communications Fund | Mutual Fund | 18,897 | ||||||||||||||
Pilgrim Emerging Countries Fund | Mutual Fund | 6,156 | ||||||||||||||
Pimco Innovations Fund | Mutual Fund | 26,527 | ||||||||||||||
Pimco Renaissance Fund | Mutual Fund | 20,796 | ||||||||||||||
Pin Oak Aggressive Stock | Mutual Fund | 3,076 | ||||||||||||||
Profunds Ultraotc Fund | Mutual Fund | 6,761 | ||||||||||||||
Putnam Growth & Income | Mutual Fund | 7,571 | ||||||||||||||
Red Oak Technology | Mutual Fund | 366 | ||||||||||||||
Royce Fund Premier Series | Mutual Fund | 29,115 | ||||||||||||||
Royce Low Priced Stock Fund | Mutual Fund | 11,648 | ||||||||||||||
Royce Total Return Fund | Mutual Fund | 10,918 | ||||||||||||||
RS Diversified Growth Fund | Mutual Fund | 9,747 | ||||||||||||||
RS Emerging Growth Fund | Mutual Fund | 43,294 | ||||||||||||||
RS Information Age Fund | Mutual Fund | 14,051 | ||||||||||||||
Rushmore Amer Gas Index Fund | Mutual Fund | 8,714 | ||||||||||||||
Rydex Biotechnology Fund | Mutual Fund | 1,492 | ||||||||||||||
Rydex OTC Fund | Mutual Fund | 73,022 | ||||||||||||||
Schwab Total Stock Market Investment Fund | Mutual Fund | 22,780 | ||||||||||||||
Schwab 1000 Equity Fund | Mutual Fund | 128,785 | ||||||||||||||
Scudder Dividend & Growth Fund | Mutual Fund | 9,700 | ||||||||||||||
Scudder Global Fund Inc | Mutual Fund | 13,187 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Scudder Greater Europe | Mutual Fund | $ | 39,602 | |||||||||||||
Scudder Growth & Income Fund | Mutual Fund | 9,863 | ||||||||||||||
Selected American Shares | Mutual Fund | 15,328 | ||||||||||||||
Strong Adv Small Cap Value Cl-Z | Mutual Fund | 20,979 | ||||||||||||||
Strong Government Securities Fund | Mutual Fund | 4,894 | ||||||||||||||
Strong Growth Fund | Mutual Fund | 19,457 | ||||||||||||||
Strong Intl Stock Fund | Mutual Fund | 4,558 | ||||||||||||||
Strong Technology 100 Fund | Mutual Fund | 472 | ||||||||||||||
T Rowe Price Equity Income Fund | Mutual Fund | 29,978 | ||||||||||||||
T Rowe Price Health Sciences Fund | Mutual Fund | 104,263 | ||||||||||||||
T Rowe Price Intl European Stock Fund | Mutual Fund | 8,890 | ||||||||||||||
T Rowe Price Mid-Capital Growth Fund | Mutual Fund | 35,945 | ||||||||||||||
T Rowe Price Science & Technology Fund | Mutual Fund | 14,941 | ||||||||||||||
T Rowe Price Small Cap Stock Fund | Mutual Fund | 10,203 | ||||||||||||||
Technology Focus Fund | Mutual Fund | 2,250 | ||||||||||||||
Templeton Foreign Fund | Mutual Fund | 7,082 | ||||||||||||||
Templeton World Fund | Mutual Fund | 23,919 | ||||||||||||||
Third Ave Real Estate Value Fund | Mutual Fund | 4,106 | ||||||||||||||
Torray Fund | Mutual Fund | 16,863 | ||||||||||||||
Turner Midcap Fund | Mutual Fund | 5,648 | ||||||||||||||
Tweedy Browne Global Value Fund | Mutual Fund | 4,808 | ||||||||||||||
UAM Analytic Enhanced Equity Class A | Mutual Fund | 4,845 | ||||||||||||||
Van Wagoner Mid-Cap Fund | Mutual Fund | 2,751 | ||||||||||||||
Van Wagoner Post Venture Fund | Mutual Fund | 5,962 | ||||||||||||||
Vanguard Explorer Fund | Mutual Fund | 10,884 | ||||||||||||||
Vanguard F-1 Secs GNMA Portfolio | Mutual Fund | 53,604 | ||||||||||||||
Vanguard Growth & Income | Mutual Fund | 18,891 | ||||||||||||||
Vanguard Growth Index Fund | Mutual Fund | 57,221 | ||||||||||||||
Vanguard Health Care Fund | Mutual Fund | 20,121 | ||||||||||||||
Vanguard High-Yield Corporate Fund | Mutual Fund | 9,706 | ||||||||||||||
Vanguard Index Trust 500 Portfolio | Mutual Fund | 87,025 | ||||||||||||||
Vanguard Intl Growth Portfolio | Mutual Fund | 1,804 | ||||||||||||||
Vanguard Wellington Fund | Mutual Fund | 5,622 | ||||||||||||||
Vanguard World U S Growth Portfolio | Mutual Fund | 49,780 | ||||||||||||||
Weitz Value Portfolio | Mutual Fund | 30,493 | ||||||||||||||
White Oak Growth Stock | Mutual Fund | 124,319 | ||||||||||||||
Wilshire Target Large Co Growth | Mutual Fund | 10,837 | ||||||||||||||
Wireless Fund | Mutual Fund | 293 | ||||||||||||||
Schwab Money Market Fund | Money Market | 2,298,465 | ||||||||||||||
A D C Telecommunications | 1,692 shares of common stock | 7,783 | ||||||||||||||
A O N Corporation | 279 shares of common stock | 9,892 | ||||||||||||||
AT & T Corporation | 2,116 shares of common stock | 38,376 | ||||||||||||||
AT & T Wireless Services | 966 shares of common stock | 13,881 | ||||||||||||||
A X A Sponsored Adr | 32 shares of common stock | 673 | ||||||||||||||
Aastrom Biosciences Inc | 1,080 shares of common stock | 1,058 | ||||||||||||||
Abbott Laboratories | 26 shares of common stock | 1,474 | ||||||||||||||
Abiomed Inc | 43 shares of common stock | 680 | ||||||||||||||
ABM Inds Inc | 103 shares of common stock | 3,220 | ||||||||||||||
Ace Ordinary | 599 shares common stock | 24,050 | ||||||||||||||
Act Teleconferencing Inc | 150 shares of common stock | 1,148 | ||||||||||||||
Active Power Inc | 40 shares of common stock | 272 | ||||||||||||||
Adv Fibre Commun Inc | 700 shares of common stock | 12,369 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Advance Auto Parts Inc | 180 shares of common stock | $ | 8,955 | |||||||||||||
Advanced Digital Info CP | 155 shares of common stock | 2,486 | ||||||||||||||
Advanced Micro Devices | 46 shares of common stock | 730 | ||||||||||||||
Advanced Power Tech Inc | 70 shares of common stock | 812 | ||||||||||||||
AES Corp | 650 shares of common stock | 10,628 | ||||||||||||||
Air Prods & Chems Inc | 203 shares of common stock | 9,511 | ||||||||||||||
Allstate Corp | 906 shares of common stock | 30,541 | ||||||||||||||
Alterra Healthcare Corp | 745 shares of common stock | 82 | ||||||||||||||
Amazon Com Inc | 695 shares of common stock | 7,520 | ||||||||||||||
American Axle & Mfg Hldg | 100 shares of common stock | 2,138 | ||||||||||||||
American Express Co | 87 shares of common stock | 3,118 | ||||||||||||||
American Homepatient Inc | 5,500 shares of common stock | 4,235 | ||||||||||||||
American International Group | 3,103 shares of common stock | 246,346 | ||||||||||||||
American Skiing Corp | 1,830 shares of common stock | 915 | ||||||||||||||
American Superconductor Corp | 80 shares of common stock | 981 | ||||||||||||||
Ameriresource Tech Inc | 3,000 shares of common stock | 12 | ||||||||||||||
Amern Eagle Outfitrs, Inc | 1,550 shares of common stock | 40,564 | ||||||||||||||
Amgen Incorporated | 173 shares of common stock | 9,764 | ||||||||||||||
AmSouth Bancorporation | 153 shares of common stock | 2,890 | ||||||||||||||
AOL Time Warner Inc | 7,060 shares of common stock | 226,626 | ||||||||||||||
Apache Corp | 700 shares of common stock | 34,916 | ||||||||||||||
Apple Computer Inc | 100 shares of common stock | 2,190 | ||||||||||||||
Applera Celera Genomics | 100 shares of common stock | 2,669 | ||||||||||||||
Applied Materials Inc | 1,147 shares of common stock | 45,995 | ||||||||||||||
Arkansas Best Corp Del | 200 shares of common stock | 5,764 | ||||||||||||||
Arm Holdings Plc Adr | 100 shares of common stock | 1,559 | ||||||||||||||
Aascential Software Corp | 1,000 shares of common stock | 4,050 | ||||||||||||||
Ashton Technology Group | 3,000 shares of common stock | 600 | ||||||||||||||
Astec Inds Inc | 25 shares of common stock | 362 | ||||||||||||||
At Home Corp Cl A | 650 shares of common stock | 4 | ||||||||||||||
Atmel Corp | 2,600 shares of common stock | 19,162 | ||||||||||||||
ATSI Communications Inc | 150 shares of common stock | 42 | ||||||||||||||
Aucxis Corp | 200 shares of common stock | 2 | ||||||||||||||
Audiovox Cp Cl A | 470 shares of common stock | 3,506 | ||||||||||||||
Auto Data Processing | 400 shares of common stock | 23,560 | ||||||||||||||
Auto Zone Inc | 151 shares of common stock | 10,842 | ||||||||||||||
Avaya Inc | 130 shares of common stock | 1,580 | ||||||||||||||
B M C Software Inc | 1,100 shares of common stock | 18,007 | ||||||||||||||
Back Yard Burgers Inc | 500 shares of common stock | 1,990 | ||||||||||||||
Barnesandnoble.com Inc Cl A | 9,500 shares of common stock | 14,630 | ||||||||||||||
Bayer A G Sponsored Adr | 350 shares of common stock | 10,955 | ||||||||||||||
BEA Systems Inc | 50 shares of common stock | 770 | ||||||||||||||
Bellsouth Corp | 356 shares of common stock | 13,572 | ||||||||||||||
Bentley Pharmaceuticals Inc | 100 shares of common stock | 1,019 | ||||||||||||||
Berkley W R Corp | 100 shares of common stock | 5,370 | ||||||||||||||
Berkshire Hathaway Cl B | 13 shares of common stock | 32,825 | ||||||||||||||
Biogen | 100 shares of common stock | 5,735 | ||||||||||||||
Biomira Inc | 100 shares of common stock | 420 | ||||||||||||||
Biopure Corporation Cl A | 500 shares of common stock | 7,105 | ||||||||||||||
Black & Decker Corp | 200 shares of common stock | 7,546 | ||||||||||||||
Boeing Co | 520 shares of common stock | 20,166 | ||||||||||||||
Boots & Coots/Intl Well | 6,000 shares of common stock | 3,000 | ||||||||||||||
BP Amoco Plc Adr | 100 shares of common stock | 4,651 | ||||||||||||||
Bristol Myers Squibb Co | 379 shares of common stock | 19,313 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Broadcom Corp Cl A | 50 shares of common stock | $ | 2,044 | |||||||||||||
Broadvision Inc | 60 shares of common stock | 164 | ||||||||||||||
Brocade Communications Sys Inc | 200 shares of common stock | 6,624 | ||||||||||||||
Brooks Automation Inc | 31 shares of common stock | 1,261 | ||||||||||||||
Brown & Brown Inc | 1,680 shares of common stock | 45,864 | ||||||||||||||
Bruker Daltonics Inc | 600 shares of common stock | 9,810 | ||||||||||||||
Burlington Industries | 2,000 shares of common stock | 72 | ||||||||||||||
C M G I Inc | 3,217 shares of common stock | 5,244 | ||||||||||||||
C T Holdings Inc | 4,000 shares of common stock | 1,640 | ||||||||||||||
Cabot Corp | 100 shares of common stock | 3,570 | ||||||||||||||
Callon Pete Co Del | 400 shares of common stock | 2,740 | ||||||||||||||
Calpine Corporation | 600 shares of common stock | 10,074 | ||||||||||||||
Capstone Turbine Corp | 40 shares of common stock | 216 | ||||||||||||||
Cardinal Health Inc | 75 shares of common stock | 4,859 | ||||||||||||||
Cardiodynamics Intl Corp | 125 shares of common stock | 826 | ||||||||||||||
Carrier Access Corp | 400 shares of common stock | 1,168 | ||||||||||||||
Caterpillar Inc | 100 shares of common stock | 5,225 | ||||||||||||||
Celeris Corporation New | 2,000 shares of common stock | 480 | ||||||||||||||
Celestica Inc | 1,570 shares of common stock | 63,412 | ||||||||||||||
Cell Genesys Inc | 1,200 shares of common stock | 27,888 | ||||||||||||||
Cendant Corporation | 100 shares of common stock | 1,961 | ||||||||||||||
Central Pkg Corp | 75 shares of common stock | 1,473 | ||||||||||||||
Chattem Inc | 800 shares of common stock | 15,368 | ||||||||||||||
Chromavision Med Sys Inc | 150 shares of common stock | 674 | ||||||||||||||
Chubb Corp | 0.451 shares of common stock | 31 | ||||||||||||||
Ceina Corp | 340 shares of common stock | 4,865 | ||||||||||||||
Cisco System Inc | 16,067 shares of common stock | 290,973 | ||||||||||||||
Citigroup Inc | 2,188 shares of common stock | 110,468 | ||||||||||||||
Citrix Systems | 1,024 shares of common stock | 23,204 | ||||||||||||||
Clear Channel Commun | 100 shares of common stock | 5,091 | ||||||||||||||
Coca-Cola Company | 824 shares of common stock | 38,854 | ||||||||||||||
Comdisco Inc | 1,650 shares of common stock | 858 | ||||||||||||||
Communication Intelligence Corp New | 100 shares of common stock | 64 | ||||||||||||||
Compaq Computer Corp | 1,472 shares of common stock | 14,364 | ||||||||||||||
Compositech LTD | 2,000 shares of common stock | 4 | ||||||||||||||
Computer Assoc Intl Inc | 300 shares of common stock | 10,347 | ||||||||||||||
Computrzd Therml Imaging | 2,100 shares of common stock | 3,255 | ||||||||||||||
Compuware | 200 shares of common stock | 2,358 | ||||||||||||||
Conagra Foods Inc | 10 shares of common stock | 238 | ||||||||||||||
Concord EFS | 640 shares of common stock | 20,979 | ||||||||||||||
Conexant Systems Inc | 100 shares of common stock | 1,436 | ||||||||||||||
Continental Airlines Class B | 300 shares of common stock | 7,863 | ||||||||||||||
Copart Inc | 298 shares of common stock | 10,838 | ||||||||||||||
Copper IHC | 400 shares of common stock | 676 | ||||||||||||||
Corel Corp | 2,000 shares of common stock | 3,800 | ||||||||||||||
Cornerstone Internet Solutions Co | 2,230 shares of common stock | 7 | ||||||||||||||
Corning Inc | 2,010 shares of common stock | 17,926 | ||||||||||||||
Corrections CP Amer New | 600 shares of common stock | 11,136 | ||||||||||||||
Corvis Corp | 700 shares of common stock | 2,261 | ||||||||||||||
Cost-U-Less Inc | 1,000 shares of common stock | 1,350 | ||||||||||||||
Costco Whsl Corp New | 100 shares of common stock | 4,438 | ||||||||||||||
Covad Commun Group Inc | 6,625 shares of common stock | 18,948 | ||||||||||||||
Crossworlds Software Inc | 250 shares of common stock | 1,165 | ||||||||||||||
Cyberguard Corporation | 2,750 shares of common stock | 3,988 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Cymer Incorporated | 60 shares of common stock | $ | 1,604 | |||||||||||||
Cytyc Corp | 8,000 shares of common stock | 208,800 | ||||||||||||||
Danka Business Systems | 2,000 shares of common stock | 2,020 | ||||||||||||||
Datakey Inc | 400 shares of common stock | 1,496 | ||||||||||||||
Dauphin Technology Inc | 750 shares of common stock | 810 | ||||||||||||||
Dell Computer Corp | 7,588 shares of common stock | 206,242 | ||||||||||||||
Deltathree Com | 200 shares of common stock | 180 | ||||||||||||||
Digene Corp | 150 shares of common stock | 4,425 | ||||||||||||||
Discovery Partners Intl | 1,000 shares of common stock | 7,400 | ||||||||||||||
Disney Walt Hldg Co | 1,025 shares of common stock | 21,239 | ||||||||||||||
Display Technologies Inc | 5,000 shares of common stock | 125 | ||||||||||||||
Documentum | 950 shares of common stock | 20,634 | ||||||||||||||
Dollar General Corp | 1,374 shares of common stock | 20,470 | ||||||||||||||
Drugstore, Com Inc | 1,700 shares of common stock | 3,315 | ||||||||||||||
DTE Energy Co | 213 shares of common stock | 8,941 | ||||||||||||||
Duke Energy Corporation | 375 shares of common stock | 14,723 | ||||||||||||||
E Digital Corp | 1,750 shares of common stock | 2,310 | ||||||||||||||
EMC Corp Massachusetts | 4,862 shares of common stock | 65,345 | ||||||||||||||
E-Trade Group Inc | 8,550 shares of common stock | 87,638 | ||||||||||||||
E-VideoTV Inc | 9,833 shares of common stock | 541 | ||||||||||||||
Eastman Kodak Company | 420 shares of common stock | 12,353 | ||||||||||||||
Ebay Inc | 588 shares of common stock | 39,337 | ||||||||||||||
Echelon Corp | 2,620 shares of common stock | 37,099 | ||||||||||||||
Ecollege.com Inc | 100 shares of common stock | 317 | ||||||||||||||
Edwards JD & Co | 150 shares of common stock | 2,468 | ||||||||||||||
Electroglas | 400 shares of common stock | 5,908 | ||||||||||||||
Emerson Elec Co | 51 shares of common stock | 2,960 | ||||||||||||||
Energy Conv Devices Inc | 200 shares of common stock | 3,794 | ||||||||||||||
Enron Corp | 3,400 shares of common stock | 2,040 | ||||||||||||||
Enterasys Networks Inc | 200 shares of common stock | 1,770 | ||||||||||||||
Equinix Inc | 1,200 shares of common stock | 3,480 | ||||||||||||||
Ericsson Tel Adr New Cl B | 6,431 shares of common stock | 33,570 | ||||||||||||||
Etoys Inc | 1,060 shares of common stock | 6 | ||||||||||||||
Everest Re Group Ltd | 10 shares of common stock | 709 | ||||||||||||||
Extreme Networks Inc | 600 shares of common stock | 7,740 | ||||||||||||||
Exxon Mobil Corporation | 672 shares of common stock | 26,408 | ||||||||||||||
E4L Inc | 345 shares of common stock | 1 | ||||||||||||||
First Virtual Commun Inc | 627 shares of common stock | 671 | ||||||||||||||
Fiserv Inc | 30 shares of common stock | 1,270 | ||||||||||||||
Fleetboston Finl Corp | 53 shares of common stock | 1,920 | ||||||||||||||
Flextronics Intl Ltd | 445 shares of common stock | 10,676 | ||||||||||||||
Fonar Corp | 400 shares of common stock | 476 | ||||||||||||||
Ford Motor Company New | 100 shares of common stock | 1,572 | ||||||||||||||
Forest Labs Inc | 100 shares of common stock | 8,195 | ||||||||||||||
Forest Oil Corp New | 200 shares of common stock | 5,642 | ||||||||||||||
Fountain Pwr Boat Inds Inc | 2,000 shares of common stock | 2,320 | ||||||||||||||
Franklin Res Inc | 151 shares of common stock | 5,333 | ||||||||||||||
Freddie Mac Voting Shs | 142 shares of common stock | 9,292 | ||||||||||||||
Freemarkets Inc | 500 shares of common stock | 11,985 | ||||||||||||||
Friedman Billings Ramsey Group Inc | 500 shares of common stock | 2,595 | ||||||||||||||
Futurelink Corp New | 232 shares of common stock | 2 | ||||||||||||||
G S I Lumonics Inc | 500 shares of common stock | 4,235 | ||||||||||||||
Gallagher Arthur J & Co | 5,501 shares of common stock | 189,734 | ||||||||||||||
Gap Inc | 1,350 shares of common stock | 18,819 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Gateway Inc | 1,500 shares of common stock | $ | 12,060 | |||||||||||||
Gemstar TV Guide Intl | 300 shares of common stock | 8,310 | ||||||||||||||
Genelabs Technologies Inc | 400 shares of common stock | 740 | ||||||||||||||
General Dynamic Corp | 150 shares of common stock | 11,946 | ||||||||||||||
General Electric Company | 8,727 shares of common stock | 358,975 | ||||||||||||||
General Magic Inc | 4,370 shares of common stock | 1,704 | ||||||||||||||
General Mills Inc | 25 shares of common stock | 1,300 | ||||||||||||||
General Motors Corp | 160 shares of common stock | 7,776 | ||||||||||||||
General Mtrs CP CL H New | 540 shares of common stock | 8,343 | ||||||||||||||
Glaxosmithkline Plc Adrf | 113 shares of common stock | 5,630 | ||||||||||||||
Global Crossing Ltd | 5,200 shares of common stock | 4,368 | ||||||||||||||
Globalstar Telecom Ord | 50 shares of common stock | 8 | ||||||||||||||
Golden St Bancorp, Inc | 15,000 shares of common stock | 17,700 | ||||||||||||||
Goodyear Tire & Rubr Co | 318 shares of common stock | 7,573 | ||||||||||||||
Goodys Family Clothing | 10 shares of common stock | 42 | ||||||||||||||
Granite Constr Co | 225 shares of common stock | 5,418 | ||||||||||||||
Grey Wolf Inc | 500 shares of common stock | 1,485 | ||||||||||||||
Gric Communications Inc | 35 shares of common stock | 45 | ||||||||||||||
Guilford Pharm Inc | 400 shares of common stock | 4,800 | ||||||||||||||
Halliburton Co Hldg Co | 908 shares of common stock | 11,889 | ||||||||||||||
Harris & Harris | 2,000 shares of common stock | 3,800 | ||||||||||||||
HCA Inc | 238 shares of common stock | 9,173 | ||||||||||||||
Healthsouth Rehabilitation Corp | 1,000 shares of common stock | 14,820 | ||||||||||||||
Hershey Foods Corp | 10 shares of common stock | 697 | ||||||||||||||
Hewlett-Packard Company | 1,030 shares of common stock | 21,149 | ||||||||||||||
Hilb Rogal & Hamilton Co | 862 shares of common stock | 48,315 | ||||||||||||||
Hollywood Entmt Corp | 50 shares of common stock | 715 | ||||||||||||||
Home Depot Inc | 1,957 shares of common stock | 99,820 | ||||||||||||||
Honeywell International | 256 shares of common stock | 8,666 | ||||||||||||||
House2Home Inc | 3,150 shares of common stock | 32 | ||||||||||||||
Huntington Bancshares Inc | 1,036 shares of common stock | 17,807 | ||||||||||||||
IDT Corp Class B | 100 shares of common stock | 1,661 | ||||||||||||||
IDT Corporation | 100 shares of common stock | 1,951 | ||||||||||||||
Imaging Diagnostic Sys | 323 shares of common stock | 155 | ||||||||||||||
Imaging Technologies Corp | 1,500 shares of common stock | 41 | ||||||||||||||
Immune Response Corp Del | 238 shares of common stock | 319 | ||||||||||||||
Immunex Corp New | 245 shares of common stock | 6,789 | ||||||||||||||
Inacom Corp | 600 shares of common stock | 1 | ||||||||||||||
Indus Intl Inc | 1,000 shares of common stock | 7,300 | ||||||||||||||
Info Architects Corp | 5,020 shares of common stock | 1,155 | ||||||||||||||
Infospace Inc New | 2,080 shares of common stock | 4,264 | ||||||||||||||
Inkine Pharm Inc | 170 shares of common stock | 265 | ||||||||||||||
Inktomi Corporation | 3,400 shares of common stock | 22,814 | ||||||||||||||
Inspire Insurance Solutions Inc | 1,000 shares of common stock | 330 | ||||||||||||||
Intel Corp | 9,675 shares of common stock | 304,289 | ||||||||||||||
Interiors Inc Cl A | 25,709 shares of common stock | 129 | ||||||||||||||
Interliant Inc | 101 shares of common stock | 35 | ||||||||||||||
International Rectifier Corporation | 75 shares of common stock | 2,616 | ||||||||||||||
Internet Capital Group | 15 shares of common stock | 18 | ||||||||||||||
Interwoven Inc | 100 shares of common stock | 974 | ||||||||||||||
Intimate Brands Class A | 601 shares of common stock | 8,924 | ||||||||||||||
Intl Business Machines | 1,713 shares of common stock | 207,157 | ||||||||||||||
Intl Shipholding Corp | 1,844 shares of common stock | 11,785 | ||||||||||||||
Iomega Corp New | 140 shares of common stock | 1,169 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
ISCO International Inc | 12,000 shares of common stock | $ | 9,600 | |||||||||||||
ISIS Pharmaceuticals | 600 shares of common stock | 13,314 | ||||||||||||||
IXYS Corp Del | 100 shares of common stock | 809 | ||||||||||||||
J P Morgan Chase & Co | 1.005 shares of common stock | 36,522 | ||||||||||||||
JDS Uniphase Corporation | 5,222 shares of common stock | 45,327 | ||||||||||||||
Johnson & Johnson | 440 shares of common stock | 26,021 | ||||||||||||||
Juniper Networks Inc | 280 shares of common stock | 5,306 | ||||||||||||||
Key Energy Group Inc | 180 shares of common stock | 1,656 | ||||||||||||||
Keyspan Corp | 92 shares of common stock | 3,172 | ||||||||||||||
Knight Trading Group | 300 shares of common stock | 3,306 | ||||||||||||||
Kraft Foods Inc | 100 shares of common stock | 3,416 | ||||||||||||||
Krispy Kreme Doughnuts Inc | 560 shares of common stock | 24,752 | ||||||||||||||
Kronos Inc | 231 shares of common stock | 11,176 | ||||||||||||||
L C A Vision Inc | 400 shares of common stock | 352 | ||||||||||||||
Labor Ready Inc New | 650 shares of common stock | 3,322 | ||||||||||||||
Laboratory CP of Ameri Hldg New | 200 shares of common stock | 16,170 | ||||||||||||||
Lasersight Inc | 200 shares of common stock | 124 | ||||||||||||||
Legato Systems | 900 shares of common stock | 11,673 | ||||||||||||||
Lehman Bros Hldgs Inc | 50 shares of common stock | 3,350 | ||||||||||||||
Level 3 Communications Inc | 1,500 shares of common stock | 7,500 | ||||||||||||||
Lilly Eli & Company | 100 shares of common stock | 7,854 | ||||||||||||||
Loral Space & Commun Ltd | 1,000 shares of common stock | 2,990 | ||||||||||||||
Loudeye Technologies Inc | 250 shares of common stock | 183 | ||||||||||||||
Lowes Companies | 625 shares of common stock | 29,006 | ||||||||||||||
LSI Logic Corp | 300 shares of common stock | 4,734 | ||||||||||||||
Lucent Technologies Inc | 7,142 shares of common stock | 44,925 | ||||||||||||||
Luminex Corp Del | 900 shares of common stock | 15,264 | ||||||||||||||
Macromedia | 25 shares of common stock | 445 | ||||||||||||||
Marchfirst Inc | 6,370 shares of common stock | 6 | ||||||||||||||
Marsh & McLennan Cos Inc | 555 shares of common stock | 59,640 | ||||||||||||||
Matritech Inc | 100 shares of common stock | 285 | ||||||||||||||
Mattel Incorporated | �� | 200 shares of common stock | 3,440 | |||||||||||||
McAfee.com Inc Cl A | 15 shares of common stock | 509 | ||||||||||||||
McData Corporation Cl A | 96 shares of common stock | 2,352 | ||||||||||||||
McDonalds Corp | 650 shares of common stock | 17,206 | ||||||||||||||
McKesson Hboc Inc | 453 shares of common stock | 16,951 | ||||||||||||||
Meadowbrook Ins Group | 103 shares of common stock | 205 | ||||||||||||||
Medimune Inc | 400 shares of common stock | 18,540 | ||||||||||||||
Medtronic Inc | 176 shares of common stock | 9,022 | ||||||||||||||
Mercator Software Inc | 2,000 shares of common stock | 16,720 | ||||||||||||||
Merck & Co Inc | 1,143 shares of common stock | 67,236 | ||||||||||||||
Merrill Lynch & Co Inc | 400 shares of common stock | 20,848 | ||||||||||||||
Metricom Inc New | 200 shares of common stock | 12 | ||||||||||||||
Metrocall Inc | 2,000 shares of common stock | 52 | ||||||||||||||
Metromedia Fiber Network | 52,400 shares of common stock | 23,056 | ||||||||||||||
Michael’s Stores Inc | 334 shares of common stock | 11,005 | ||||||||||||||
Microage Inc | 1,000 shares of common stock | 4 | ||||||||||||||
Micron Technology Inc | 200 shares of common stock | 6,200 | ||||||||||||||
Microsoft Corporation | 4,969 shares of common stock | 329,196 | ||||||||||||||
Microstrategy Inc Cl A | 170 shares of common stock | 655 | ||||||||||||||
Microvision Inc Wa | 1,000 shares of common stock | 14,240 | ||||||||||||||
Milacron Inc | 242 shares of common stock | 3,826 | ||||||||||||||
Motorola Incorporated | 808 shares of common stock | 12,138 | ||||||||||||||
Mphase Tech Inc | 100 shares of common stock | 35 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Mylan Labs Inc | 35 shares of common stock | $ | 1,313 | |||||||||||||
Nabors Industries Inc | 150 shares of common stock | 5,150 | ||||||||||||||
National City Corp | 1,237 shares of common stock | 36,170 | ||||||||||||||
National Steel Corp | 200 shares of common stock | 290 | ||||||||||||||
Natl Scientific Corp | 250 shares of common stock | 55 | ||||||||||||||
Natl Semiconductor Corp | 115 shares of common stock | 3,541 | ||||||||||||||
Neoforma Inc | 2 shares of common stock | 58 | ||||||||||||||
Neoware Sys Inc | 5,000 shares of common stock | 24,500 | ||||||||||||||
Netcurrents Info Svcs | 2,000 shares of common stock | 70 | ||||||||||||||
Network Appliance Inc | 140 shares of common stock | 3,062 | ||||||||||||||
Nextel Communications A | 2,096 shares of common stock | 22,972 | ||||||||||||||
Nextel Partners Inc Cl A | 61 shares of common stock | 732 | ||||||||||||||
Nokia Corp Spon Adr F | 2,761 shares of common stock | 67,727 | ||||||||||||||
Nordstrom Inc | 100 shares of common stock | 2,023 | ||||||||||||||
Nortel Networks Cp New F | 1,650 shares of common stock | 12,375 | ||||||||||||||
North Amern Datacom Inc | 1,000 shares of common stock | 130 | ||||||||||||||
Northpoint Comm Hldgs | 1,800 shares of common stock | 270 | ||||||||||||||
Novell Inc | 95 shares of common stock | 436 | ||||||||||||||
Oakwood Homes Corp New | 200 shares of common stock | 1,060 | ||||||||||||||
Obie Media Corp | 352 shares of common stock | 968 | ||||||||||||||
Occidental Pete Corp | 100 shares of common stock | 2,653 | ||||||||||||||
Ocwen Financial Corporation | 100 shares of common stock | 848 | ||||||||||||||
Officemax Inc | 100 shares of common stock | 450 | ||||||||||||||
Online Res & Comm Corp | 20,000 shares of common stock | 46,000 | ||||||||||||||
Oracle Corporations | 4,159 shares of common stock | 57,436 | ||||||||||||||
P D C Innovation Inds | 2,000 shares of common stock | 360 | ||||||||||||||
Pac Centy Cybworks Ord | 900 shares of common stock | 225 | ||||||||||||||
Paccar Inc | 904 shares of common stock | 59,320 | ||||||||||||||
Pacific Aerospace & Electronics Inc | 7,000 shares of common stock | 315 | ||||||||||||||
Pacific Continental Corp | 6,660 shares of common stock | 80,919 | ||||||||||||||
Palm Inc | 1,446 shares of common stock | 5,610 | ||||||||||||||
Paradyne Networks Inc | 398 shares of common stock | 1,552 | ||||||||||||||
Partnere Ltd | 10 shares of common stock | 540 | ||||||||||||||
Paychex Inc | 201 shares of common stock | 7,018 | ||||||||||||||
Payless Cashways Inc New | 2,000 shares of common stock | 2 | ||||||||||||||
Penton Media Inc | 250 shares of common stock | 1,565 | ||||||||||||||
Peoplesoft Inc | 200 shares of common stock | 8,040 | ||||||||||||||
Pepsi Bottling Group Inc | 24 shares of common stock | 565 | ||||||||||||||
Pepsico Inc | 197 shares of common stock | 9,599 | ||||||||||||||
Peregrine Pharma Inc | 100 shares of common stock | 343 | ||||||||||||||
Peregrine Sys Inc | 45 shares of common stock | 667 | ||||||||||||||
Petsmart Inc | 1,157 shares of common stock | 11,385 | ||||||||||||||
Pfizer Incorporated | 2,270 shares of common stock | 90,455 | ||||||||||||||
Philip Morris Cos Inc | 255 shares of common stock | 11,709 | ||||||||||||||
Plug Power Inc | 625 shares of common stock | 5,463 | ||||||||||||||
Polycom | 360 shares of preferred stock | 12,265 | ||||||||||||||
Portal Software Inc | 4,000 shares of common stock | 8,320 | ||||||||||||||
Power-One Inc | 134 shares of common stock | 1,395 | ||||||||||||||
PPG Inds Inc | 185 shares of common stock | �� | 9,543 | |||||||||||||
Primedia Inc | 5,000 shares of common stock | 21,750 | ||||||||||||||
Procter & Gamble Co | 31 shares of common stock | 2,455 | ||||||||||||||
Progress Energy Inc | 547 shares of common stock | 24,642 | ||||||||||||||
Progressive Corp Ohio | 250 shares of common stock | 37,325 | ||||||||||||||
Proton Energy Systems | 200 shares of common stock | 1,650 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Proxim Inc | 80 shares of common stock | $ | 794 | |||||||||||||
Psinet Inc | 3,300 shares of common stock | 20 | ||||||||||||||
Puget Energy Inc | 572 shares of common stock | 12,528 | ||||||||||||||
Puma Technology Inc | 1,000 shares of common stock | 2,580 | ||||||||||||||
Qualcomm Inc | 281 shares of common stock | 14,191 | ||||||||||||||
Quest Resource Corp | 4,330 shares of common stock | 3,681 | ||||||||||||||
Qwest Communs Intl Inc | 100 shares of common stock | 1,415 | ||||||||||||||
R L I Corp | 100 shares of common stock | 4,500 | ||||||||||||||
Rambus Inc Del | 484 shares of common stock | 3,867 | ||||||||||||||
Ramtron Intl Corp New | 3,500 shares of common stock | 15,715 | ||||||||||||||
Rare Medium Group Inc | 30 shares of common stock | 22 | ||||||||||||||
Raytheon Company New | 300 shares of common stock | 9,741 | ||||||||||||||
Razorfish Inc Cl A | 100 shares of common stock | 22 | ||||||||||||||
Realnetworks Inc | 100 shares of common stock | 594 | ||||||||||||||
Redhat Inc | 800 shares of common stock | 5,680 | ||||||||||||||
Reliance Group Hldgs Inc | 36,200 shares of common stock | 134 | ||||||||||||||
Research In Motion Ltd | 40 shares of common stock | 949 | ||||||||||||||
RF Micro Devices Inc | 200 shares of common stock | 3,846 | ||||||||||||||
Rite Aid Corporation | 635 shares of common stock | 3,213 | ||||||||||||||
Riverstone Networks Inc | 102 shares of common stock | 1,693 | ||||||||||||||
Rockwell Collings Inc | 9 shares of common stock | 176 | ||||||||||||||
Rockwell Intl Corp New | 9 shares of common stock | 161 | ||||||||||||||
Rohm & Haas Co | 40 shares of common stock | 1,385 | ||||||||||||||
Ryans Family Steak Houses Inc | 500 shares of common stock | 10,825 | ||||||||||||||
S B C Communications Inc | 100 shares of common stock | 3,917 | ||||||||||||||
Sabre Holdings Corp | 300 shares of common stock | 12,705 | ||||||||||||||
Safeguard Scientific Inc | 1,000 shares of common stock | 3,500 | ||||||||||||||
Safeway | 94 shares of common stock | 3,925 | ||||||||||||||
Sandisk Corp | 200 shares of common stock | 2,880 | ||||||||||||||
Sanguine Corp | 4,000 shares of common stock | 520 | ||||||||||||||
Scansoft Inc | 3,000 shares of common stock | 12,900 | ||||||||||||||
Schlumberger Ltd | 91 shares of common stock | 5,012 | ||||||||||||||
Scientific Atlanta Inc | 175 shares of common stock | 4,190 | ||||||||||||||
Scios Inc | 77 shares of common stock | 1,830 | ||||||||||||||
Scor Adr | 20 shares of common stock | 638 | ||||||||||||||
Semotus Solutions Inc | 100 shares of common stock | 73 | ||||||||||||||
Service Corp Intl | 2,000 shares of common stock | 9,980 | ||||||||||||||
Seven Seas Pete New | 2,000 shares of common stock | 4,220 | ||||||||||||||
Sheldahl Co | 300 shares of common stock | 156 | ||||||||||||||
Shoneys Inc | 12,000 shares of common stock | 3,240 | ||||||||||||||
Siebel Systems Inc | 310 shares of common stock | 8,674 | ||||||||||||||
Silicon Storage Tech | 150 shares of common stock | 1,446 | ||||||||||||||
Simtek Corp | 5,500 shares of common stock | 2,310 | ||||||||||||||
Solectron Corp Del | 800 shares of common stock | 9,024 | ||||||||||||||
Sonicblue Inc | 700 shares of common stock | 2,828 | ||||||||||||||
Sonosight Inc | 300 shares of common stock | 7,707 | ||||||||||||||
Soundview Technology GP | 1,850 shares of common stock | 4,311 | ||||||||||||||
Southern States Power Inc | 2,000 shares of common stock | 104 | ||||||||||||||
Southwest Airls Co | 3,283 shares of common stock | 60,674 | ||||||||||||||
Sprint Corp | 16 shares of common stock | 334 | ||||||||||||||
Sprint PCS Group | 100 shares of common stock | 2,441 | ||||||||||||||
St Paul Cos Inc | 214 shares of common stock | 9,401 | ||||||||||||||
Staples Inc | 38 shares of common stock | 711 | ||||||||||||||
Starbase Corp New | 600 shares of common stock | 408 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Starbucks Corp | 650 shares of common stock | $ | 12,383 | |||||||||||||
Steel Dynamics Inc | 97 shares of common stock | 1,126 | ||||||||||||||
Stewart Enterprises Class A | 200 shares of common stock | 1,198 | ||||||||||||||
Stirling Cooke Brown Hldgs Lord | 9,500 shares of common stock | 6,175 | ||||||||||||||
Storage Tech Corp | 120 shares of common stock | 2,480 | ||||||||||||||
Sun Microsystems Inc | 6,547 shares of common stock | 80,528 | ||||||||||||||
Sunguard Data Sys | 200 shares of common stock | 5,786 | ||||||||||||||
SunTrust Bks Inc | 200 shares of common stock | 12,540 | ||||||||||||||
Swiss Reinsurance Adr | 20 shares of common stock | 2,020 | ||||||||||||||
Sybase | 775 shares of common stock | 12,214 | ||||||||||||||
Sykes Enterprises Inc | 6,580 shares of common stock | 61,457 | ||||||||||||||
Symantec Corp | 15 shares of common stock | 995 | ||||||||||||||
Symbol Technologies Inc | 750 shares of common stock | 11,910 | ||||||||||||||
Syntel Inc | 3,000 shares of common stock | 38,790 | ||||||||||||||
Synttroleum Corp | 700 shares of common stock | 4,970 | ||||||||||||||
S1 Corporation | 382 shares of common stock | 6,181 | ||||||||||||||
T J X Cos Inc | 65 shares of common stock | 2,603 | ||||||||||||||
Taiwan Semiconductor Mfg Co Adr | 179 shares of common stock | 3,073 | ||||||||||||||
Take-Two Interactv Sftwr | 350 shares of common stock | 5,660 | ||||||||||||||
Talk Vision Corporation | 500 shares of common stock | 18 | ||||||||||||||
Target Corporation | 313 shares of common stock | 12,867 | ||||||||||||||
Tayco Developments Inc | 1,900 shares of common stock | 9,405 | ||||||||||||||
Teleflex Inc | 100 shares of common stock | 4,731 | ||||||||||||||
Tellabs Inc | 80 shares of common stock | 1,197 | ||||||||||||||
Tellular Corp | 15,000 shares of common stock | 137,700 | ||||||||||||||
Texas Instruments Inc | 1,017 shares of common stock | 28,480 | ||||||||||||||
The Charles Schwab Corp | 300 shares of common stock | 4,641 | ||||||||||||||
Tianrong Bldg Mat Hldgs | 1,000 shares of common stock | 1 | ||||||||||||||
Tidewater Inc/Citizen Certificates | 200 shares of common stock | 6,780 | ||||||||||||||
Tivo Inc | 100 shares of common stock | 655 | ||||||||||||||
Transatlantic Holdings | 6 shares of common stock | 547 | ||||||||||||||
Transtexas Gas Corp Cl A | 5 shares of common stock | 7 | ||||||||||||||
Transwitch Corp | 300 shares of common stock | 1,350 | ||||||||||||||
Trc Cos Inc | 540 shares of common stock | 27,000 | ||||||||||||||
Triad Hospitals Inc | 10 shares of common stock | 294 | ||||||||||||||
Tripath Imaging Inc | 1,000 shares of common stock | 7,530 | ||||||||||||||
Trustco Bank Corp NY | 449 shares of common stock | 5,644 | ||||||||||||||
Tyco Intl Ltd New | 1,996 shares of common stock | 117,600 | ||||||||||||||
USA Floral Prods Inc | 400 shares of common stock | 2 | ||||||||||||||
Unicapital Corp | 2,000 shares of common stock | 4 | ||||||||||||||
Uniroyal Technology Corp | 3,000 shares of common stock | 9,600 | ||||||||||||||
Unit Corp | 1,000 shares of common stock | 12,900 | ||||||||||||||
United Parcel Service B | 1,004 shares of common stock | 54,724 | ||||||||||||||
United Technologies Corp | 202 shares of common stock | 13,064 | ||||||||||||||
Universal Display Corp | 600 shares of common stock | 5,460 | ||||||||||||||
U S Bancorp Del New | 100 shares of common stock | 2,093 | ||||||||||||||
US Lec Corp Cl A | 2,100 shares of common stock | 11,361 | ||||||||||||||
US Internetworking Inc | 450 shares of common stock | 90 | ||||||||||||||
VA Linux Systems Inc | 75 shares of common stock | 184 | ||||||||||||||
Varian Med Sys | 100 shares of common stock | 7,126 | ||||||||||||||
Varsity Group Inc | 125 shares of common stock | 150 | ||||||||||||||
Vaxgen Inc | 100 shares of common stock | 1,160 | ||||||||||||||
Verisign Inc | 95 shares of common stock | 3,614 | ||||||||||||||
Verizon Communications | 103 shares of common stock | 4,884 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
Vertex Pharmaceuticals | 62 shares of common stock | $ | 1,525 | |||||||||||||
Verticalnet Inc | 713 shares of common stock | 998 | ||||||||||||||
Vesta Ins Group | 200 shares of common stock | 1,600 | ||||||||||||||
Vialink Company | 200 shares of common stock | 38 | ||||||||||||||
Viant Corp | 150 shares of common stock | 251 | ||||||||||||||
Virtualsellers Com Inc | 400 shares of common stock | 36 | ||||||||||||||
Vishay Intertechnology | 400 shares of common stock | 7,800 | ||||||||||||||
Visonics Corp Del | 500 shares of common stock | 7,215 | ||||||||||||||
Visual Networks Inc | 100 shares of common stock | 462 | ||||||||||||||
Wachovia Corp New | 2.109 shares of common stock | 66,126 | ||||||||||||||
Wal Mart Stores Inc | 2,366 shares of common stock | 136,186 | ||||||||||||||
Washington Mutual Inc | 1,871 shares of common stock | 61,184 | ||||||||||||||
Watson Wyatt & Co Hldg A | 2,000 shares of common stock | 43,600 | ||||||||||||||
WebMD Corp | 85 shares of common stock | 600 | ||||||||||||||
Wells Fargo & Co New | 250 shares of common stock | 10,863 | ||||||||||||||
Western Water Co | 1,000 shares of common stock | 395 | ||||||||||||||
Westpoint Stevens | 201 shares of common stock | 492 | ||||||||||||||
Whole Foods Mkt Inc | 234 shares of common stock | 10,193 | ||||||||||||||
Williams Co. Inc | 60 shares of common stock | 1,531 | ||||||||||||||
Williams Communs Group A | 3,049 shares of common stock | 7,165 | ||||||||||||||
Willis Group Holdings | 15,469 shares of common stock | 364,295 | ||||||||||||||
Wink Communications Inc | 300 shares of common stock | 480 | ||||||||||||||
Wisconsin Energy Corp | 300 shares of common stock | 6,768 | ||||||||||||||
Worldcom Inc | 7,724 shares of common stock | 108,754 | ||||||||||||||
Worldcom Inc — MCI Group | 574 shares of common stock | 7,285 | ||||||||||||||
Xerox Corp | 200 shares of common stock | 2,084 | ||||||||||||||
Xin Net Corp | 1,000 shares of common stock | 310 | ||||||||||||||
XO Communications Cl A | 90 shares of common stock | 9 | ||||||||||||||
Yahoo Inc | 24 shares of common stock | 426 | ||||||||||||||
Zimmer Holdings Inc | 27 shares of common stock | 825 | ||||||||||||||
Zixit Corp | 20 shares of common stock | 101 | ||||||||||||||
1/10 Berkshire Hathaway Cl A | 10 shares of common stock | 75,600 | ||||||||||||||
1st State Bancorp Inc | 100 shares of common stock | 2,000 | ||||||||||||||
99 Cents Only Stores | 257 shares of common stock | 9,792 | ||||||||||||||
EOTT Energy Partners LP | 600 shares of common stock | 9,030 | ||||||||||||||
Corrections Corporation of America | 407 shares of preferred stock | 7,998 | ||||||||||||||
Freeport McMoran Dep Shares | 303 shares of preferred stock | 7,006 | ||||||||||||||
M S Dean Witter | 775 shares of preferred stock | 9,571 | ||||||||||||||
US Treasury Bond | $1,000 principal amount, due 8/15/04 | 1,253 | ||||||||||||||
US Treasury Strip | $15,000 principal amount, due 2/15/07 | 11,883 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 2/15/09 | 8,348 | ||||||||||||||
US Treasury Strip | $15,000 principal amount, due 11/15/06 | 12,141 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 11/15/07 | 9,158 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 11/15/08 | 8,546 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 11/15/09 | 7,999 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 11/15/11 | 6,983 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 11/15/12 | 6,533 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 11/15/13 | 6,071 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 2/15/08 | 8,921 | ||||||||||||||
US Treasury Strip | $12, 000 principal amount, due 2/15/10 | 7,808 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 2/15/11 | 7,316 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 2/15/12 | 6,863 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 5/15/07 | 9,341 |
Table of Contents
WILLIS NORTH AMERICA INC.
FINANCIAL SECURITY PARTNERSHIP PLAN
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
Description of Investment Including | ||||||||||||||||
Identity of Issue, Borrower, Lessor or | Maturity Date, Rate of Interest, Collateral, | Current | ||||||||||||||
Similar Party | Par or Maturity Value | Cost | Value | |||||||||||||
US Treasury Strip | $12,000 principal amount, due 5/15/08 | $ | 8,760 | |||||||||||||
US Treasury Strip | $12,000 principal amount, due 5/15/09 | 8,220 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 5/15/10 | 7,680 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 5/15/11 | 7,189 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 5/15/12 | 6,731 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 5/15/13 | 6,285 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 8/15/07 | 9,240 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 8/15/08 | 8,651 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 8/15/09 | 8,115 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 8/15/11 | 7,091 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 8/15/12 | 6,626 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 8/15/13 | 6,180 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 11/15/10 | 7,500 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 8/15/10 | 7,586 | ||||||||||||||
IBRD World Bk Bond | $1,000 principal amount, due 1/27/05 | 1,082 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 2/15/13 | 6,394 | ||||||||||||||
US Treasury Strip | $12,000 principal amount, due 2/15/14 | 5,974 | ||||||||||||||
NASDAQ 100 Shares | 2,198 shares of stock | 85,524 | ||||||||||||||
* | Participant Loans Receivable | Participant notes receivable bearing interest ranging from 6.00% to 10.50% and maturity dates ranging from January 20, 2002 to October 30, 2016. | 4,692,703 | |||||||||||||
$ | 204,295,680 | |||||||||||||||
* | Indicates party-in-interest |