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 [Fee Required]
For the Fiscal Year Ended November 30, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [No Fee Required]
For the transition period from _____ to _____
Commission File Number 1-768
EMPLOYEES' INVESTMENT PLAN
(Full title of the Plan)
CATERPILLAR INC.
(Name of issuer of the securities held
pursuant to the Plan)
100 NE ADAMS STREET, PEORIA, ILLINOIS 61629
(Address of principal executive offices)
REQUIRED INFORMATION
Item 1.
The audited statement of net assets available for plan benefits as of the end of the latest two fiscal years of the Plan is attached hereto as Exhibit A.
Item 2.
The audited statement of changes in net assets available for plan benefits for each of the latest two fiscal years of the Plan is attached hereto as Exhibit B.
Item 3.
The statements required by Items 1 and 2 have been prepared in accordance with the applicable financial reporting requirements of ERISA.
Item 4.
The Consent of Independent Accountants is attached hereto as Exhibit C.
Report of Independent Accountants
To the Participants, Investment Plan Committee
and Benefits Funds Committee of the Caterpillar Inc.
Employees' Investment Plan
In our opinion, the accompanying statement of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Caterpillar Inc. Employees' Investment Plan (the Plan) at November 30, 2000 and 1999, and the changes in net assets available for benefits for the years then ended, 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 auditing standards generally accepted in the United States of America, which 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, 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 the opinion expressed above.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes and of reportable transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are 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. These supplemental schedules are the responsibility of the Plan's management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
Peoria, Illinois
May 29, 2001
EXHIBIT A
CATERPILLAR INC.
EMPLOYEES' INVESTMENT PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
NOVEMBER 30, 2000 AND 1999
(Dollars in 000's)
2000 | 1999 | |||||
Investments | $ | 2,147,580 | $ | 2,258,381 | ||
Participant contributions receivable | 1,349 | 1,597 | ||||
Employer contributions receivable | 665 | 841 | ||||
Interest and dividends receivable | 77 | 66 | ||||
Total assets | 2,149,671 | 2,260,885 | ||||
Transfers payable to Part 2 | (652 | ) | (3,939 | ) | ||
Total liabilities | (652 | ) | (3,939 | ) | ||
Net assets available for benefits | $ | 2,149,019 | $ | 2,256,946 | ||
The accompanying notes are an integral part of the financial statements
; EXHIBIT B
CATERPILLAR INC.
EMPLOYEES' INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED NOVEMBER 30, 2000 AND 1999
(Dollars in 000's)
2000 | 1999 | |||||
Contributions: | ||||||
| $ | 122,645 | $ | 121,730 | ||
Employer | 34,753 | 33,236 | ||||
157,398 | 154,966 | |||||
Investment income:- | ||||||
Interest | 116 | 96 | ||||
Dividends | 23,338 | 21,946 | ||||
Net (depreciation) appreciation in fair value of: | ||||||
Common stock | (123,297 | ) | (46,636 | ) | ||
Collective trust fund | 735 | 618 | ||||
Registered investment companies | (6843 | ) | 5,139 | |||
Plan interest in net investment (loss) income of | (34,325 | ) | 171,849 | |||
Net investment (loss) income | (140,276 | ) | 153,012 | |||
Withdrawals | (131,774 | ) | (194,370 | |||
Transfers from other plans, net | 6,725 | 1,763 | ||||
Withdrawals and transfers, net | (125,049 | ) | (192,607 | ) | ||
(Decrease) increase in net assets available for benefits | (107,927 | ) | 115,371 | |||
Net assets available for benefits: | ||||||
Beginning of year | 2,256,946 | 2,141,575 | ||||
End of year | $ | 2,149,019 | $ | 2,256,946 | ||
The accompanying notes are an integral part of the financial statements
CATERPILLAR INC.
EMPLOYEES' INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 1 - PLAN DESCRIPTION:
The following description of the Caterpillar Inc. Employees' Investment Plan (the Plan) provides only general information. Employees should refer to the Plan agreement for a more complete description of the Plan's provisions.
General
The Plan is a contributory defined contribution plan established by Caterpillar Inc. (the Company) to enable eligible employees of the Company and its subsidiaries (the participating employers) which adopt the Plan to accumulate funds.
Participation
Generally, employees of participating employers, other than those employed under collective bargaining agreements, who meet certain age, service and citizenship or residency requirements are eligible to participate in the plan. Participation commences upon an eligible employee's filing of an application with the Investment Plan Committee. Participating eligible employees (the participants) may acquire ownership interests in the Company through purchases of its common stock (Part 1). Additionally, the participants may elect to defer a portion of their compensation until retirement under the Special Investment Supplement of the Plan (Part 2).
Participant accounts
Accounts are separately maintained for Part 1 and Part 2 for each participant. The participant's account under Part 1 is credited with the participant's contribution, the employer's contribution and an allocation of Plan earnings. The participant's account under Part 2 of the Plan is credited with the participant's contribution as defined below and an allocation of Plan earnings. Allocations of earnings are based on participant account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested accounts.
Loan provisions
The Plan provides for participant loans against eligible participants' Part 2 account balances. Eligible participants obtain participant loans by filing a loan application with the Company and receiving approval thereof. Loan amounts are generally limited to the lesser of $50,000 or 50% of the individual participant's account balance, within certain regulatory restrictions. Loan repayment terms may range from 6 to 117 months depending on the type of loan and bear interest at the prime interest rate plus 1% rounded to the nearest whole percent, as determined at the time of loan origination. Repayments, including interest, are made through after-tax payroll deductions and are credited to the individual participant's account balance.
Contributions
Part 1 -
Participant contributions are made through after-tax payroll deductions based on a percentage (2%-6%) of total earnings as elected by the employee. Participants with 25 or more years of service with the employers may contribute an additional 1%-4% of earnings.
Employer contributions are 50%, 66-2/3% or 80% of participant contributions (up to 6% of earnings) based on the participant's years of service.
Part 2 -
Participant contributions are made through a pretax compensation deferral as elected by the participants and are contributed to the Plan by the employer. For 2000 and 1999, the compensation deferral was limited to (a) the greater of $6,000 or 4% of the participant's compensation (limited by the Internal Revenue Code to $10,500 and $10,000 in 2000 and 1999, respectively) for participants earning in excess of $80,000 or (b) $10,500 and $10,000 in 2000 and 1999, respectively, for participants earning less than $80,000.
Certain employee groups also receive a Company matching contribution ranging from 100% of the first 2% and 50% in excess of 2% up to 8% of the participants' eligible compensation.
Investment programs
Part 1 -
Employer contributions are invested entirely in Caterpillar Inc. common stock. Participants may elect to have their contributions invested as follows: (1) 100% in Caterpillar Inc. common stock or (2) 50% in Caterpillar Inc. common stock and 50% in a Collective Government Short-Term Investment Fund. The Collective Government Short-Term Investment Fund is managed by The Northern Trust Company.
Part 2 -
Participants may elect to have their contributions invested in any combination of the following eleven investment fund options as of November 30, 2000:
* | Caterpillar Stock Fund | * | Preferred International Fund |
* | Preferred Stable Principal Fund | * | Preferred Growth Fund |
* | Preferred Short-Term Government Fund | * | Preferred Asset Allocation Fund |
* | Preferred Money Market Fund | * | Preferred Fixed Income Fund |
* | Preferred Value Fund | * | Preferred Small Cap Fund |
* | Caterpillar Northern Trust Russell 3000 |
In addition, a self-directed fund option allows participants to invest in various other mutual funds outside of the standard Plan options. State Street Bank serves as custodian for funds invested through this self-directed fund option.
Vesting and distribution provisions
Part 1 -
Participants are fully vested at all times in participant contributions and earnings thereon.
Participants begin vesting in employer contributions after the end of the second year of plan participation. Participants generally vest at the rate of 33% per year, resulting in full vesting by participants in employer contributions after five years of service with the Company. Any amounts not vested at withdrawal are forfeited and are applied to reduce the amount of future employer contributions to the Plan. Shares become fully vested upon retirement, permanent disability or death.
While an employee, a participant may elect to withdraw all participant contributions and related earnings as provided by the Plan. Employer contributions may also be withdrawn based on vested status as provided by the Plan. Upon termination of employment, participants may elect (with spousal consent, if applicable) to receive their shares by immediate distribution or a deferred distribution. If termination is due to retirement or disability, participants may elect (with spousal consent, if applicable) various annuity payments.
Part 2 -
Participants are fully vested in their participant contributions and earnings thereon. Upon termination of employment for any reason, including death, retirement or total and permanent disability, or upon Plan termination, the balances in participants' accounts are distributable.
Participants vest immediately in the Company's matching contribution and the earnings thereon.
Transfers from Part 1 to Part 2
On a monthly basis, participants in Part 1 are allowed to transfer some or all of their vested balances in the Part 1 accounts to Part 2 of the Plan. Participants are allowed only one such transfer per month.
Administration
The Plan is administered by the Investment Plan Committee, which is responsible for nonfinancial matters, and the Benefits Funds Committee, which is responsible for financial aspects of the Plan. Caterpillar Inc. and the Benefit Funds Committee have entered into trust agreements with The Northern Trust Company to receive contributions, administer the assets of the Plan and distribute withdrawals pursuant to the Plan.
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, each participant in Part 1 shall have a fully vested interest in the assets attributable to employer contributions and earnings thereon. Any unallocated assets of the plan will be allocated to participant accounts and distributed in such a manner as the company may determine.
Federal income tax status
The Internal Revenue Service has determined and informed the Company by letter dated April 13, 1999, that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code (IRC). The Plan has been amended subsequent to the determination letter; however, the Plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. Therefore, they believe that the Plan is qualified and the related trust is tax-exempt as of the financial statement date.
Risks and uncertainties
The Plan provides for various investment options in any combination of stocks, bonds, fixed income securities, mutual funds and other investment securities. Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities could occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits.
Reclassifications
Certain 1999 amounts have been reclassified to conform with the 2000 presentation. These reclassifications have no impact on net assets as previously presented.
NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES:
New accounting standards
In September 1999, the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants issued Statement of Position (SOP) 99-3, Accounting for and Reporting of Certain Defined Contribution Benefit Plan Investments and Other Disclosure Matters (SOP 99-3). This SOP simplifies the disclosure of certain investment information of defined contribution plans through the elimination of certain detailed fund disclosures for participant-directed accounts. The Plan has elected to adopt the provisions of this SOP for its Plan year ended November 30, 1999.
Basis of accounting
The Plan's accounts are maintained on the accrual basis of accounting.
Investments
The Plan's investments are stated at fair value. Caterpillar Inc. common stock is valued at quoted market prices. The fair value of the Plan's investment in the Collective Government Short-Term Investment Fund and the 401(k) Master Trust (Note 4) is based upon the beginning of the year value of the Plan's investment plus actual contributions, transfers and allocated investment income less actual withdrawals. Shares of registered investment companies included in the self-directed fund option are valued at quoted market prices which represent the net asset value of shares held by the Plan at year end. Income from investments is recorded as earned.
Contributions
Contributions to the Caterpillar Common Stock Fund under Part 1 of the Plan are made directly to the trust and shares are immediately purchased by the trust on the open market.
Administrative expenses
Administrative costs, including trustee fees and certain investment costs, are paid by the Company.
Withdrawals
Withdrawals are recorded when paid.
Transfers
As detailed in Note 1, on a monthly basis, participants are allowed to transfer vested balances in the Part 1 accounts to Part 2 of the Plan. At November 30, transfers payable represent such transfers for the month of November. The related receivable is recorded by the Master Trust and is included in the Plan's Investment in the Master Trust Net Assets at November 30, 2000 and 1999.
Transfers (to)/from other plans generally represent account balance transfers for participants who transfer from one plan covered by the Master Trust to another plan covered by the Master Trust. In addition, during 2000 the Caterpillar Agricultural Products Inc. Shop Employees Retirement Plan and Caterpillar Agricultural Products Inc. Office Employees Retirement Plan merged into the Plan with participant account balances of $7,759,000 which were transferred into the Plan through this line item.
Use of estimates in the preparation of financial statements
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, income and benefit payments. Actual results could differ from those estimates. The Company believes the techniques and assumptions used in establishing these amounts are appropriate.
NOTE 3 - INVESTMENTS:
All employer matching contributions under Part 1 of the Plan are directed by the Company into a Caterpillar Inc. Common Stock Fund. By definition, this fund is nonparticipant directed. Details of the net assets of Part 1 - Caterpillar Inc. Common Stock Fund, and significant components of the changes in net assets relating to this fund, are as follows:
November 30, | |||||||||||
2000 | 1999 | ||||||||||
(Dollars in 000's) | |||||||||||
Net assets - Part 1 Caterpillar Inc. Common Stock Fund: | |||||||||||
Common stock | $ | 728,130 | $ | 795,329 | |||||||
Common and Collective Trust | 103 | 29 | |||||||||
Employer contributions receivable | 665 | 841 | |||||||||
Participant contributions receivable | 1,251 | 1,493 | |||||||||
Interest and dividends receivable | 12 | 13 | |||||||||
Transfers payable to Part 2 | (640) | (3,881) | |||||||||
Net assets - Part 1 Caterpillar Inc. Common Stock Fund | $ | 729,521 | $ | 793,824 | |||||||
| |||||||||||
| For the year ended | ||||||||||
2000 | 1999 | ||||||||||
(Dollars in 000's) | |||||||||||
Changes in net assets - Part 1 Caterpillar Inc. | |||||||||||
Common Stock Fund: | |||||||||||
Employer contributions | $ | 34,443 | $ | 33,013 | |||||||
Participant contributions | 62,558 | 61,478 | |||||||||
Interest and dividends | 23,454 | 22,042 | |||||||||
Net depreciation | (123,297) |
| (46,636) |
| |||||||
Withdrawals | (37,240) | (85,215) | |||||||||
Transfers to participant-directed investments | (24,221) |
| (83,005) |
| |||||||
Net decrease | $ | (64,303) | $ | (98,323) | |||||||
The following table presents individual investments that represent 5% or more of the Plan's net assets at November 30. Any of these investments that are also nonparticipant-directed are further identified with an asterisk(*).
2000 | 1999 | |||||
(Dollars in 000's) | ||||||
Caterpillar Inc. Common Stock | $ | 728,130 | * | $ | 795,328 | * |
Investment in Caterpillar Inc. 401(k) Master Trust net assets | 1,357,022 | 1,415,230 |
NOTE 4 - MASTER TRUST:
Under a Master Trust agreement with The Northern Trust Company (the Trustee), Part 2 of the Caterpillar Inc. Employees' Investment Plan (EIP), the Solar Turbines Incorporated Savings and Investment Plan and the Caterpillar Inc. Tax Deferred Savings Plan pool their investments in the Caterpillar Inc. 401(k) Master Trust (the Master Trust) in exchange for a percentage of participation in the Trust.
The Master Trust invests mainly in the Preferred Group of Mutual Funds, registered investment companies which are sponsored by Caterpillar Investment Management Ltd. (CIML), a wholly-owned subsidiary of the Company. The investment options available to the participants are summarized in Note 1.
CIML manages the Preferred Small Cap Fund and the Preferred Short-Term Government Fund. All other funds are managed by unrelated investment managers. Caterpillar Securities, Inc., a wholly-owned subsidiary of CIML, distributes the shares of the mutual funds to the Master Trust.
The percentage of the Plan's participation in the Master Trust was determined based on the November 30, 2000 and 1999 fair values of net assets, as accumulated by the Trustee for the investment funds of each plan. At November 30, 2000 and 1999, the Plan's pro rata interest in the quoted fair values of net assets of the Master Trust was 82.82% and 83.59%, respectively.
Investment valuation
The Master Trust's investments are stated at fair value. Common stock and cash and cash equivalents are valued at quoted market prices. Shares of registered investment companies are valued at quoted market prices which represent the net asset value of shares held by the Master Trust at year end. Common/collective trust investments are valued at beginning of year value of the Master Trust's investment plus actual contributions, transfers and allocated investment income less actual withdrawals. Participant loans are valued at estimated fair value which consists of outstanding principal and related accrued interest.
The net investment income or loss of the Master Trust is reflected in the financial statements of the Plan based on the actual earnings of each investment fund as allocated to the Plan based on average investment balances throughout the year.
Details of the net assets and significant components of the net investment (loss) income of the Master Trust are as follows:
November 30, | ||||||
2000 | 1999 | |||||
(Dollars in 000's) | ||||||
Investments, at fair value: | ||||||
Cash and cash equivalents | $ | 12,940 | $ | 28,342 | ||
Common stock | 387,336 | 324,010 | ||||
Registered investment companies | 1,081,839 | 1,193,215 | ||||
Common/Collective/Trust | 127,959 | 126,154 | ||||
Participant loans | 27,597 | 27,225 | ||||
Total investments | 1,637,671 | 1,698,946 | ||||
Dividend and interest receivable | 57 | 121 | ||||
Transfers receivable from EIP Part 1 | 649 | 3,939 | ||||
Contributions receivable | 5,461 | 5,773 | ||||
Payable due to broker | (11,332) | |||||
Other receivable/(payable), net | 204 | 177 | ||||
Net assets of Master Trust | $ | 1,644,042 | $ |
1,697,624
For the year ended | ||||||
2000 | 1999 | |||||
(Dollars in 000's) | ||||||
Investment income: | ||||||
Interest | $ | 3,440 | $ | 2,856 | ||
Dividends | 12,048 | 7,597 | ||||
Net appreciation (depreciation) in fair value of: | ||||||
Common stock | (42,285) | (4,697) | ||||
Registered investment companies | (23,643) |
| 194,412 | |||
Common/Collective/Trust | 7,614 | 7,858 | ||||
Net investment (loss) income | $ | (42,826) |
| $ | 208,026 | |
SUPPLEMENTAL SCHEDULES
SCHEDULE I
CATERPILLAR INC.
EMPLOYEES' INVESTMENT PLAN
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS HELD AT END OF YEAR
NOVEMBER 30, 2000
(a) | (b) | (c) | (d) | (e) | ||||
Identity of issue, | Description of investment, including |
|
| |||||
* | Caterpillar Inc. | Common stock; 18,521,589 shares | $576,259,501 | $728,129,968 | ||||
* | Northern Trust | Collective Short-Term Investment Fund; 102,802 units |
102,802
*
Northern Trust
Collective Government Short-Term Investment Fund;
12,329,398 units
12,329,398
*
Caterpillar Inc.
401(k) Master Trust
1,357,022,000
AIM
Constellation; 119.24 units
$
$
4,197
Dent Demographic Trends Class A; 786.16 units
9,819
Developing Markets Class B; 812.06 units
6,440
European Developments Class C; 889.50 units
18,510
Global Telecommunications Class B; 339.44 units
6,901
Global Growth Class A; 259.93 units
5,505
Accessor
FDS Income Growth; 144.57 units
4,027
FDS Income Small to Mid-Cap; 251.34 units
4,796
Alger
Capital Appreciation Class A; 224.24 units
2,574
Alleghany/Veredus
Aggressive Growth Class N; 1,247.73 units
27,438
Alliance
Growth & Income Class A; 1,398.91 units
5,330
North American Government Class B; 67.77 units
514
Premier Growth Class B; 2,156.05 units
59,852
Technology Class A; 47.76 units
4,552
Technology Class B; 152.09 units
13,625
American Century
Benham Target Maturity TR 2020; 1,044.66 units
38,976
Behham Target Maturity TR 2025; 137.46 units
4,355
Global Gold; 17,855.35 units
65,529
Global Growth; 97.94 units
855
Global Natural Resource; 1,600.63 units
19,864
Income & Growth; 3,283.06 units
98,065
Intermediate Bond; 665.26 units
6,466
Life Science; 1,769.91 units
9,345
20th Century Ultra; 2,310.17 units
84,021
20TH Century International Growth; 8,689.23 units
104,705
20th Century Emerging Markets; 755.29 units
3,535
American Heritage
American Heritage Fund; 9,899.07 units
2,178
ASAF
Janus Small Cap Growth Class B; 1,427.75 units
18,190
Amerindo
Technology Class D; 447.26 units
6,334
Ameristock
Ameristock Mutual Funds; 408.68 units
16,671
Ariel
Growth Class A; 133.19 units
4,883
Appreciation Class B; 138.35 units
4,824
ARK
Small Cap Equity Class A; 91.80 units
1,440
Artisan
International Fund; 5,733.26 units
119,654
Mid Cap; 267.28 units
6,559
BT Investment
International Equity; 173.24 units
4,227
Babson
Value Income; 2,002.65 units
85,513
Baron
Asset Fund; 5,561.96 units
280,824
Growth & Income; 954.82 units
24,634
Small Cap Fund; 3,795.04 units
51,341
I Opportunity; 343.70 units
2,148
Berger
Balance Retail; 755.48 units
12,987
Growth Fund N/C; 545.55 units
7,971
Growth & Income Retail; 2,371.82 units
39,230
New Generation Retail; 4,336.86 units
92,462
Select Retail; 343.90 units
5,454
Small Company Growth Retail; 4,373.26 units
23,791
Small Cap Value Retail; 1,005.46 units
24,845
Berkshire
Focus Fund; 754.83 units
25,091
Blackrock
International Small Cap Equity Institution; 217.41 units
4,296
Brandywine
Blue Fund; 4,959.07 units
131,118
Bridgeway
Aggressive Growth; 940.28 units
37,996
Micro Cap Limited; 1,628.39 units
12,083
Montag & Caldwell
Growth Fund; 131.97 units
4,046
Calamos
Growth & Income Class A; 190.18 units
4,513
Convertible Class A N/C; 277.25 units
5,404
Calvert
Large Cap Growth Class I N/C; 716.99 units
18,735
Cash
Cash; 80.87 units
81
Citizens
Emerging Growth; 921.85 units
24,198
Global Equity N/C; 33.52 units
828
Clipper
Clipper Fund; 236.16 units
19,646
Cohen & Steers
Realty Shares Income; 6,405.84 units
270,903
Special Equity Fund; 7,272.25 units
183,115
Columbia
High Yield; 111.51 units
981
Real Estate Equity; 237.84 units
4,067
Davis
New York Venture Class A; 492.14 units
13,263
Dresdner
Biotechnology; 10,013.13 units
331,435
Global Health Care; 998.60 units
22,958
Global Technology Class N; 991.71 units
45,602
Global Technology Fund; 2,865.61 units
159,672
RCM Europe Class N; 651.05 units
8,633
Dreyfus
Aggressive Value Fund; 180.05 units
4,917
Dreyfus Fund; 402.78 units
4,531
Emerging Leaders Fund; 1,013.63 units
36,308
Emerging Markets Fund; 1,827.94 units
21,643
Founders Growth Class F N/C; 454.96 units
7,985
Founders Worldwide Class F N/C; 2,286.28 units
43,874
International Stock Index; 1,212.12 units
16,521
New Leaders; 140.06 units
6,699
Premier Tech Growth Class B; 84.51 units
3,305
Premier Tech Growth Class C; 1,825.84 units
71,372
Small Company Value Fund; 41.06 units
826
S&P 500 Index Fund; 3,179.60 units
122,796
Technology Growth Fund; 950.66 units
37,646
Driehaus
International Discovery; 1,371.87 units
35,435
Eaton Vance
Worldwide Health Services Class A; 2,491.35 units
27,681
Worldwide Health Services Class B; 2,084.92 units
26,350
Utilities Class A; 797.86 units
8,641
Europacific
Growth Fund; 5,587.53 units
174,890
Evergreen
HealthCare Class B; 135.04 units
1,982
Utility Class A; 684.15 units
8,497
Excelsior
Income Business & Industrial Restructuring; 286.05 units
8,882
Federated
Bond Class A; 1,584.94 units
13,551
International Small Company Class A N/C; 2,110.73 units
52,768
Fidelity
Asset Manager Growth; 737.20 units
13,697
Blue Chip Growth; 394.26 units
20,655
Capital & Income; 7,630.30 units
57,838
Contra Fund; 3,135.08 units
165,470
Contra Fund I; 145.98 units
1,737
Convertible Securities; 88.63 units
2,131
Diversified International; 3,084.40 units
68,967
Dividend Growth; 3,672.80 units
110,587
Emerging Growth; 6,030.20 units
241,992
Emerging Markets; 166.11 units
1,311
Equity Income I; 1,330.83 units
36,571
Europe Capital Appreciation; 652.74 units
12,422
Fidelity Fund; 3,909.54 units
133,589
Growth Company; 4,590.30 units
343,171
Growth & Income; 1,789.12 units
76,342
International Value; 881.54 units
12,209
Japan; 184.65 units
3,579
Japan Small Companies; 589.99
7,994
Latin America; 242.57 units
2,945
Low Priced Stock; 232.46 units
5,200
Magellan; 63.43 units
7,628
Mid Cap Stock; 3,048.89 units
76,314
OTC Port; 769.39 units
34,053
Overseas; 84.74 units
2,895
Pacific Basin; 147.45 units
2,849
Real Estate Investment; 3,173.32 units
55,946
Select NWK & Infrastructure; 1,052,63 units
6,474
Select Wireless Portfolio; 861.14 units
7,182
Southeast Asia; 2,033.03 units
22,790
Stock Selector; 271.68 units
7,955
Trends; 48.59 units
2,938
Utilities; 1,640.80 units
33,062
Value; 1,006.60 units
43,123
Worldwide; 165.01 units
2,970
Firstar
Micro Cap Retail; 137.30 units
2,429
Firsthand
Communications; 13,807.78 units
113,362
E-Commerce; 19,046.51 units
122,850
Technology Leaders; 2,447.04 units
84,203
Technology Innovators; 3,863.69 units
108,415
Technology Value; 10,346.82 units
789,151
Flag Investors
Telephone Inc Class A; 2,962.58 units
88,314
Franklin
Biotech Discovery Fund A; 143.54 units
9,907
CA Growth Class; 115.30 units
4,822
Global Health Care; 49.94 units
1,330
Real Estate Securities Class; 2,093.04 units
31,710
Small Cap Growth Class I; 767.54 units
27,516
Fremont
Real Estate Securities; 3,287.12 units
25,442
US Micro Capital; 729.83 units
21,369
US Small Cap; 249.76 units
3,814
Gabelli
Asset Shares Ben International; 261.45 units
10,108
Global Inter-Active Couch Potato; 3,525.97 units
79,264
Growth Shares Ben International; 2,082.07 units
86,135
Westwood Mighty Mites Fund; 75.30 units
1,005
GAM
International Class A; 421.86 units
9,066
Genomics
Genomics Fund.com; 945.18 units
6,437
Green
Century Balanced; 153.18 units
3,123
Growth
Fund of America; 3,353.55 units
102,686
GWK
Equity; 507.48 units
8,368
Harbor
Bond; 9,019.57 units
101,470
Capital Appreciation; 7,756.12 units
321,879
Growth; 1,336.92 units
25,495
Henlopen
Henlopen Fund; 847.42 units
16,050
Idex
Global Class A; 290.02 units
10,519
Income
Fund of America; 1,405.13 units
22,061
Invesco
Balanced N/C; 405.34 units
6,733
Blue Chip Growth N/C; 2,144.34 units
11,601
Dynamics N/C; 1,675.89 units
37,707
Endeavor N/C; 4,459.85 units
77,200
Energy N/C; 1,251.32 units
20,972
Financial Services N/C; 543.39 units
16,774
Gold N/C; 22,486.71 units
29,682
Health Sciences N/C; 1,252.80 units
69,956
High Yield Bond N/C; 1,370.29 units
6,851
International European; 2,866.14 units
48,037
Small Company Growth N/C; 241.43 units
3,428
Technology N/C; 1,607.38 units
103,322
Telecommunications #39 N/C; 8,176.59 units
315,617
Utilities N/C; 617.26 units
10,882
Investec
Asia Small Cap N/C; 1,102.97 units
6,243
China & Hong Kong N/C; 260.54 units
3,968
Internet.com Index N/C; 204.62 units
2,159
Mainland China N/C; 120.31 units
1,047
Wired Index N/C; 2,676.97 units
49,631
Wireless World N/C; 3,888.00 units
29,510
Investment
Investment Company of America; 2,254.94units
71,369
IPS
Millennium Fund; 1,428.10 units
70,391
Jacob
Internet; 4,034.61 units
9,280
Janus
Enterprise; 13,104.82 units
674,242
Flexible Income; 1,925.82 units
17,313
Janus Fund; 14,783.86 units
$
$
560,900
High Yield Bond; 1,399.17 units
13,306
Investment Balanced; 12,033.79 units
238,305
Investment Equity Income; 3,639.87 units
82,116
Investment Growth & Income; 14,618.13 units
523,374
Investment Mercury; 38,492.99 units
1,251,052
Investment Overseas; 7,135.70 units
214,428
Investment Short Term Bond; 108.17 units
310
Investment Twenty; 11,727.90 units
705,081
Investment Worldwide; 24,767.00 units
1,556,465
Global Life Sciences; 27,004.58 units
550,893
Global Technology; 47,350.39 units
988,202
Olympus; 28,607.74 units
1,202,955
Orion Fund; 12,595.30 units
86,278
Special Situations; 11,852.15 units
217,368
Strategic Value Fund; 39,532.56 units
405,604
Japan
Japan Fund; 403.55 unit
4,689
John Hancock
Small Cap Value Class B; 265.19 units
4,413
Financial Industries Class C; 224.02 units
4,176
Health Sciences Class C; 344.98 units
14,710
Sovern Emerging Growth Class A; 1,072.57 units
10,125
Sovern Global Technology Class B; 912.44 units
7,290
Kaufmann
Kaufmann Fund; 13,003.89 units
53,836
Kemper
Aggressive Growth Class B; 1,850.93 units
32,391
Dreman High Return Class B; 1,226.50 units
41,394
Technology Class B; 1,526.99 units
30,708
Liberty
Acorn Foreign Forty CL Z N/C; 432.84 units
4,262
Acorn International CL Z N/C; 900.72 units
23,704
Lindner
Bulwark; 951.91 units
6,663
Investments Dividend; 1,101.05 units
23,397
Loomis
Sayles Aggressive Growth Institution; 138.49 units
4,289
Sayles Bond; 3,497.37 units
38,261
Managers FDS
Capital Appreciation; 68.73 units
3,140
International Equity; 526.51 units
27,057
Special Equity; 247.28 units
20,245
Marketocracy
Medical Specialist N/C; 187.80 units
2,524
Marsico
Focus; 6,243.28 units
114,876
21st Century Fund; 3,092.43 units
26,935
Mas
Mid Cap Growth Institutional; 4,062.75 units
110,060
Mid Cap Value Port Institutional; 4,153.21 units
92,824
Small Cap Growth Institutional; 466.26 units
17,368
Small Cap Value Institutional; 3,671.75 units
60,959
Masters
Select Equity; 864.53 units
21,351
Select International; 735.94 units
12,680
Mercury
HW International Value Class I N/C; 3,202.51 units
81,280
Meridian
Value Fund; 88.02 units
2,333
MFS
Emerging Growth Class B; 280.61 units
13,362
High Income Class B; 15,710.67 units
65,042
Investory Growth Stock Class B; 653.24 units
11,353
New Discovery Class B; 468.60 units
9,105
Midas
Midas Fund; 9,450.17 units
7,277
Investors LTD. N/C; 1,706.22 units
3,088
Montgomery
Emerging Markets; 86.51 units
760
Global Communication; 552.24 units
12,243
Global Opportunities; 77.52 units
1,285
Growth; 2,266.76 units
42,910
International Growth; 184.98 units
3,069
Monument
Internet Class B; 1,154.29 units
8,530
Munder
Framlington Healthcare Class B; 811.42 units
22,160
Framlington Healthcare Class C; 55.60 units
1,517
Future Technology Class A; 74.96 units
693
Future Technology Class B; 420.17 units
3,857
International Net Net Class B; 1,260.29 units
6,377
Net Net Class A; 2,012.05 units
73,822
Net Net Class B; 812.42 units
29,272
Net Net Class C; 202.20 units
7,289
Mutual Series
Beacon Class Z; 608.61 units
8,618
Discovery Class Z; 2,851.55 units
61,451
European Class Z; 1,735.61 units
30,703
Shares Class Z; 327.45 units
6,667
Qualified Income Class Z; 2,235.21 units
38,110
Nations
Marsico Focused Equity Investment; 2,958.22 units
52,094
Navellier
Aggressive Micro Cap; 126.78 units
3,247
Mid Cap Growth Portfolio; 1,314.58 units
36,151
Neuberger & Berman
Focus Fund; 22.93 units
901
Focus Trust Firmly Select; 993.97 units
27,274
Guardian Trust; 540.48 units
7,210
Millenium Fund; 30.12 units
633
Regency Fund; 690.34 units
8,967
Nevis
Nevis Fund; 64.31 units
1,618
New Perspective
New Perspective Fund; 2,801.45 units
74,126
Northeast
Investors Trust CTFS Benefit International; 2,484.15 units
20,122
Oak
Value Fund; 620.79 units
17,264
Oakmark
Balanced; 391.72 units
5,974
International; 1,345.38 units
19,347
International Small Cap; 525.92 units
5,359
Oakmark Fund; 1,278.41 units
31,259
Select; 6,055.03 units
110,093
Small Cap; 803.31 units
10,684
Oppenheimer
Global Growth & Income Class A; 34.04 units
917
Global Growth & Income Class B; 180.54 units
4,794
Midcap Class C; 217.39 units
4,672
Strategic Income Class C; 4,131.36 units
16,443
Orbitex
Health and Biotech Class B; 931.24 units
8,974
Info-Tech & Communications Class B; 440.29 units
10,417
Payden & Rygel
Global Fixed Income Class A; 2,197.69 units
22,263
Growth & Income Class A; 517.02 units
6,023
PBHG
Core Growth; 683.52 units
12,857
Emerging Growth; 213.00 units
5,188
Global Tech & Communications; 19,680.77 units
147,311
Growth; 6,203.35 units
221,273
Large Cap Growth; 5,627.07 units
168,981
Large Cap 20; 3,481.18 units
103,078
Mid Cap Value; 336.70 units
4,747
New Opportunities; 678.38 units
38,688
Select Equity; 21,700.07 units
957,978
Small Cap Value; 5,297.94 units
96,476
Strategic Small Company; 942.28 units
15,180
Technology & Communication;23,676.23 units
932,217
Pilgrim
International Small Cap Growth A N/C; 266.82 units
7,975
International Small Cap Growth Q N/C; 197.90 units
6,266
Small Cap Growth Class B; 232.51 units
3,871
Troika Dialog Russia Class A N/C; 841.55 units
4,620
Worldwide Emerging Markets Class A N/C; 1,732.61 units
13,584
Innovation Class A; 110.44 units
5,397
Innovation Class B; 45.37 units
2,112
Long Term US Government; 17,11.49 units
185,563
Pin Oak
Aggressive Stock; 5,138.60 units
260,360
Potomac
OTC Plus; 164.12 units
3,878
Preferred
Growth Fund; 782.91 units
16,230
Value Fund; 87.80 units
2,026
Prudential
Sector Health Sciences Class C; 1,079.91 units
19,773
Putnam
Growth Opportunities Class A; 2,827.03 units
63,467
Health Sciences Trust Class B; 314.07 units
24,435
International Growth Class B; 158.17 units
3,957
International Voyager Class B; 552.13 units
11,506
International Voyager Class C; 147.02 units
3,098
Investors Class A; 55.53 units
854
New Opportunities Class A; 197.96 units
13,155
New Opportunities Class B; 13.11 units
819
OTC & Emerging Growth Class A; 218.21 units
1,701
OTC & Emerging Growth Class B; 191.94 units
2,927
OTC & Emerging Growth Class C; 211.85 units
3,421
Voyager Class A; 59.82 units
1,526
Voyager Class B; 776.09 units
18,083
Red Oak
Technology Select; 26,304.76 units
565,491
Renaissance
IPO Plus Aftermarket; 165.92 units
2,940
Reynolds
Blue Chip Growth; 956.27 units
49,114
Royce
Low Priced Stock Fund; 616.65 units
5,883
Rushmore
Opportunity Fund; 8,421.94 units
68,133
American Gas Index; 805.13 units
17,335
Rydex
Biotechnology Advisor Class; 380.23 units
10,521
Biotechnology Investment Class; 11,679.50 units
319,582
Electronics Investment Class; 4,740.85 units
118,620
Financial Services Investor; 923.41 units
9,502
Health Care Advisors Class; 778.45 units
9,824
Internet Investor Class; 2,498.81 units
10,295
Juno Fund; 1,368.82 units
11,786
Nova Fund; 791.55 units
26,208
OTC Fund; 75,893.23 units
1,375,179
Ultra Fund; 3,572.44 units
32,724
Velocity 100; 1,851.48 units
23,458
RS
Aggressive Growth; 6,409.45 units
47,103
Diversified Growth N/C; 4,116.97 units
89,709
Emerging Growth N/C; 6,274.20 units
271,423
Global Natural Resources N/C; 342.20 units
3,410
Internet Age; 4,487.94 units
27,960
Microcap Growth N/C; 90.15 units
1,959
Mid Cap Opportunities N/C; 324.15 units
4,561
Value Plus and Growth N/C; 0.01 units
1
Safeco
Equity Fund; 1,101.07 units
23,409
Scudder
Greater Europe Growth; 2,364.71 units
70,752
Healthcare; 2,271.85 units
52,298
International; 36.41 units
1,867
Latin America; 122.76 units
2,536
Mutual Income Gold; 739.21 units
4,117
Small Company Value; 595.24 units
10,429
Technology Fund; 865.52 units
27,645
SEI
Large Cap Value; 1,100.50 units
20,425
Select
Air Transport; 69.18 units
2,573
American Gold; 1,013.32 units
11,025
Biotechnology; 4,519.57 units
359,655
Brokerage & Investment Management; 1,006.68 units
54,159
Computers; 2,893.84 units
228,331
Develop Communications; 4,382.69 units
199,325
Electronics; 7,282.57 units
497,566
Energy; 327.40 units
8,575
Energy Service; 549.85 units
12,737
Financial Services; 443.19 units
48,038
Health Care; 1,765.53 units
283,845
Leisure; 24.76 units
1,493
Money Market; 31,889.34 units
31,889
Natural Gas; 1,471.16 units
30,350
Regional Banks; 276.35 units
8,561
Software & Computer; 353.06 units
26,363
Technology; 2,317.62
237,487
Selected
Telecommunications; 510.42
26,490
Utilities Growth; 101.58 units
5,768
SIT
American Shares; 2,862.88 units
95,363
Seligman
Communications & Information Class B; 2,114.79 units
46,927
Small Cap Growth; 752.03 units
24,952
Sound Shore
Sound Shore Fund Inc.; 326.26 units
10,698
Spartan
US Equity Index; 376.38
17,585
High Income; 3,095.33 units
28,569
Market Index; 301.31 units
27,404
Total Market Index; 651.17 units
21,580
Spectra
Spectra Fund Inc.; 4,222.74 units
38,511
SSGA
Emerging Markets; 1,078.51 units
9,178
Growth & Income; 100.24 units
2,195
Money Market Fund; 12,008,120 units
12,008,120
Real Estate Equity; 110.48 units
1,024
Small Cap Equity; 219.70 units
4,218
S&P 500 Index; 4,873.63 units
106,148
State Street
Research Aurora Class A; 228.91 units
6,336
Stein Roe
Capital Opportunity N/C; 252.46 units
8,031
Income Trust N/C; 1,540.04 units
14,168
Young Investor N/C; 134.28 units
4,080
Strong
Corporate Bond Income; 9,385.96 units
97,614
Dow 30 Value; 479.18 units
6,349
Enterprise; 2,634.82 units
68,189
Government Securities Income; 1,039.76 units
10,865
Growth; 3,895.38 units
122,510
Growth & Income; 1,922.71 units
48,818
Growth 20; 1,257.28 units
34,135
Income High Yield Bond; 1,334.52 units
11,690
Index 500; 176.06 units
2,864
Internet Fund; 156.50 units
958
Large Cap Growth N/C; 235.86 units
9,180
Opportunity Income; 2,294.53 units
103,598
Overseas; 394.08 units
5,458
Schafer Value; 79.60 units
3,908
Technology 100 Fund; 831.39 units
6,260
Templeton
Developing Markets Class I; 3,222.17 units
31,706
Growth Class I; 1,131.42 units
20,230
The Contrarian
Contrarian Fund N/C; 2,146.42 units
22,301
The Information Age
Information Age N/C; 2,553.28 units
62,683
The Internet
Emerging Growth; 79.37 units
325
The Internet Fund; 3,566.63 units
89,525
Infrastructure; 82.03 units
459
Global Growth; 78.37 units
467
The Medical
The Medical Fund; 204.18 units
4,151
Third Avenue
Value Fund; 1,925.31 units
69,908
Thornburg
Value Institutional; 693.09 units
21,493
Tip
Midcap; 6,351.07 units
200,122
Torray
Torray Fund; 886.98 units
33,954
T Rowe Price
Blue Chip Growth Inc; 1,150.36 units
39,837
Dividend Growth; 956.48 units
20,076
Equity Income; 2,237.43 units
57,211
European Stock; 2,652.08 units
55,110
Financial Services; 470.81 units
9,496
Growth & Income; 126.49 units
3,158
Growth Stock; 3,918.44 units
126,957
International New Asia; 7,942.02 units
54,879
International Stock; 1,688.91 units
25,739
Media & Telecommunications; 1,290.57 units
37,091
Mid Cap Growth; 1,007.84 units
40,213
New Era; 3,951.22 units
92,103
Science & Technology; 6,882.08 units
273,514
Small Cap Stock; 892.51 units
21,393
US Treasury Long Term; 1,943.14 units
21,919
Turner
Technology; 2,019.74 units
33,103
Top 20; 2,349.57 units
35,854
Tweedy Browne
American Value Fund; 3,315.43 units
81,261
Global Value Fund; 6,581.32 units
147,356
Ultra OTC Pro Fund
Investors Shares; 10,911.20 units
342,285
Service Shares; 288.66 units
8,839
UAM FMA
Small Company Portfolio; 33.91 units
540
UMB
Scout Worldwide; 1,303.43 units
27,150
US
Bonnel Growth; 527.86 units
9,940
Gold Shares; 14,348.43 units
34,436
World Gold; 11,269.04 units
53,528
Value Line
Aggressive Income; 1,861.04 units
9,249
Asset Allocation; 8,921.44 units
151,432
Special Situation Income; 265.69 units
6,305
Van Kampen
American Capital Emerging Growth Class A; 56.80 units
4,225
American Capital Emerging Growth Class B; 160.00 units
10,805
American Capital Growth Class A; 588.85 units
13,879
Technology Class A; 417.58 units
6,047
Technology Class C; 167.87 units
2,406
Vanguard
Admiral International Term US Treasury; 5,387.71 units
56,194
Admiral Long Term US Treasury; 17,295.34 units
190,249
Admiral Short Term US Treasury; 7,480.14 units
75,101
Asset Allocation Income; 5,820.15 units
141,022
Bond Index Total Market; 2,612.16 units
25,704
Equity Income; 1,681.15 units
41,340
Fixed Income Securities Long-term Portfolio; 9,434.01 units
78,114
GNMA Fixed Income Securities; 42,996.67 units
436,846
Growth Equity Fund N/C; 18,268.22 units
248,996
Growth & Income; 5,406.10 units
173,806
Growth Index; 17,214.80 units
551,390
Index Trust Extended Market Portfolio; 935.00 units
26,806
Index Trust S&P 500 Portfolio; 9,378.84 units
1,151,363
International Equity Index Europe Portfolio; 184.78 units
4,568
International Growth Portfolio; 4,563.44 units
89,808
International Treasury; 1,426.64 units
15,194
Life Strategy Growth Port; 429.32 units
8,397
Primecap; 3,353.28 units
207,400
Small Cap Stock Fund; 1,698.72 units
35,639
Total Stock Market; 26,761.37 units
774,206
US Growth Portfolio; 2,559.71 units
91,407
Value Index; 427.86 units
9,588
Windsor Income; 1,306.68 units
31,165
Windsor II Portfolio; 4,380.42 units
117,702
Van Wagoner
Income Emerging Growth; 9,850.24 units
287,923
Income Micro-Cap; 596.08 units
14,151
Income Mid-Cap; 2,930.10 units
54,266
Income Post Venture; 7,979.18 units
196,816
Technology; 4,549.27 units
189,906
Warburg Pincus
Capital Appreciation; 2,228.10 units
60,760
Emerging Growth; 246.61 units
10,083
Emerging Markets; 214.31 units
1,725
Global Post Venture Capital; 2,262.86 units
50,145
Global Telecommunications; 1,986.86 units
90,104
Health Sciences; 177.95 units
4,020
International Equity; 3,168.24 units
59,975
International Small Company; 615.22 units
13,141
Japan Growth; 2,492.70 units
13,343
Japan OTC; 6,086.32 units
22,433
Small Company Growth; 49.43 units
946
Wasatch
Growth; 510.01 units
12,694
Microcap; 581.81 units
2,665
Weitz
Hickory; 1,039.26 units
25,441
Value; 3,589.74 units
117,887
Westcore
Select; 207.71 units
4,395
White Oak
Growth Stock; 6,654.06 units
434,177
Wireless
Wireless Fund; 163.83 units
1,892
WWW
Internet Fund; 328.49 units
6,179
Yacktman
Yacktman Fund; 325.73 units
3,375
Total registered investment companies
49,996,070
Total Investments
$
2,147,580,238
* Denotes party in interest
* * Cost information is not applicable for participant directed investments.
SCHEDULE II
CATERPILLAR INC.
EMPLOYEES' INVESTMENT PLAN
SCHEDULE H, LINE 4i - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED NOVEMBER 30, 2000
(a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) |
|
|
|
|
|
|
| Current value |
|
Caterpillar Inc. | Common stock: | |||||||
Series of 66 purchases |
$120,604,311
$
$
$144,770
$120,604,311
$120,459,541
EXHIBIT C
Consent of Independent Accountants
We hereby consent to the incorporation by reference in the Registration Statement on Forms S-8 (No. 33-3718, as amended, and No. 33-39280) of Caterpillar Inc. of our report dated May 29 , 2001 relating to the financial statements of the Caterpillar Inc. Employees' Investment Plan, which appears in this Form 11-K.
/s/ PricewaterhouseCoopers LLP.
PricewaterhouseCoopers LLP
Peoria, Illinois
May 29, 2001