EXHIBIT 99.4 | ||||
SECURITIES AND EXCHANGE COMMISSION | ||||
FORM 11-K | ||||
(Mark One) | ||||
[X] | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||
OR | ||||
[ ] | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||
| ||||
TAX DEFERRED SAVINGS PLAN | ||||
CATERPILLAR INC. | ||||
100 NE Adams Street, Peoria, Illinois 61629 | ||||
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.
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Caterpillar Inc.
Tax Deferred Savings Plan
Financial Statements and Supplemental Schedule
December 31, 2001 and 2000
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Report of Independent Accountants
To the Participants, Investment Plan Committee
and Benefits Funds Committee of the
Caterpillar Inc. Tax Deferred Savings 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. Tax Deferred Savings Plan (the Plan) at December 31, 2001 and 2000, 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 sup porting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets held for investment purposes as of December 31, 2001 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
Peoria, Illinois
May 21, 2002
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EXHIBIT A
CATERPILLAR INC. STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS | ||||||||||
2001 | 2000 | |||||||||
Investments: | ||||||||||
Interest in the Caterpillar Inc. 401(k) Master Trust | $ | 265,289 | $ | 272,045 | ||||||
Other investments | 2,447 | 3,000 | ||||||||
Net assets available for benefits | $ | 267,736 | $ | 275,045 | ||||||
The accompanying notes are an integral part of the financial statements | ||||||||||
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EXHIBIT B
CATERPILLAR INC. STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS | |||||||||||
2001 | 2000 | ||||||||||
Participant contributions | $ | 16,431 | $ | 18,448 | |||||||
Employer contributions | 546 | 334 | |||||||||
| Total contributions | 16,977 | 18,782 | |||||||||
Investment loss: | |||||||||||
| Net depreciation in fair value of registered investment companies | (916 | ) | (396 | ) | |||||||
| Plan interest in net investment loss of Master Trust | (11,648 | ) | (5,446 | ) | ||||||
| Net investment loss | (12,564 | ) | (5,842 | ) | |||||||
Withdrawals |
| (12,016 | ) |
| (16,694 | ) | |||||
Transfers from other plans, net | 294 | 10,358 | |||||||||
| Withdrawals and transfers, net | (11,722 | ) | (6,336 | ) | ||||||
(Decrease) increase in net assets available for benefits | (7,309 | ) | 6,604 | ||||||||
Net assets available for benefits: | |||||||||||
| Beginning of year | 275,045 | 268,441 | |||||||||
| End of year | $ | 267,736 | $ | 275,045 | ||||||
The accompanying notes are an integral part of the financial statements | |||||||||||
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CATERPILLAR INC.
TAX DEFERRED SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 1 - PLAN DESCRIPTION:
The following description of the Caterpillar Inc. Tax Deferred Savings 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
Employees of the participating employers under collective bargaining agreements to which the Plan is extended who meet certain age, service and citizenship or residency requirements are eligible to participate in the Plan. Participation commences upon an eligible employee filing an application with the Company. Participating eligible employees (the participants) elect to defer a portion of their compensation until retirement.
Participant accounts
Accounts are separately maintained for each participant. The participant's account 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 account.
Loan provisions
The Plan provides for participant loans against eligible participants' account balances. Eligible participants obtain 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
Participant contributions are made through a pretax compensation deferral as elected by the participants and are contributed to the Plan by the participating employers. For 2001 and 2000, 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 in 2001 and 2000) for participants earning in excess of $85,000 in 2001 and $80,000 in 2000 or (b) $10,500 in 2001 and 2000 for participants earning less than $85,000 in 2001 and $80,000 in 2000.
Certain employee groups also receive a Company matching contribution ranging 100% of the first 2% and 50% in excess of 2% up to 8% of the participants' eligible compensation.
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Investment programs
Participants may elect to have their contributions invested in any combination of the following thirteen investment fund options at December 31, 2001:
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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
Participants are immediately 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 balance in participants' accounts are distributable.
Participants also vest immediately in the Company's matching contributions and the earnings thereon.
Administration
The Plan is administered by the Vice President - Human Services Division of Caterpillar Inc. who is responsible for nonfinancial matters, and the Benefits Funds Committee of Caterpillar Inc. which is responsible for financial aspects of the Plan. Caterpillar Inc. and the Benefit Funds Committee have entered into a trust agreement 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 at any time to terminate the Plan subject to provisions of ERISA. In the event of Plan termination, any unallocated assets of the Plan shall 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.
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Reclassifications
Certain 2000 amounts have been reclassified to conform with the 2001 presentation. These reclassifications have no impact on net assets as previously presented.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Basis of accounting
The Plan's accounts are maintained on the accrual basis of accounting.
Investments
The fair value of the Plan's investment in the 401(k) Master Trust (Note 3) is based upon the beginning of the year value of the Plan's investment plus actual contributions, transfers and allocated investment income (loss) 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.
Administrative expenses
Administrative costs, including trustee fees and certain investment costs, are paid by the Company.
Withdrawals
Withdrawals are recorded when paid.
Transfers
Transfers 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 $10,305,000 transferred into the Plan.
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 - 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 Master Trust.
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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 December 31, 2001 and 2000 fair values of net assets, as accumulated by the Trustee for the investment funds of each plan. At December 31, 2001 and 2000, the Plan's pro rata interest in the quoted fair values of net assets of the Master Trust was 15.52% and 15.27%, 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 and collective trust investments are valued at beginning of year value of the Master Trust's investment plus actual contributions, transfers and allocating 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:
December 31, | |||||||||||
2001 | �� | 2000 | |||||||||
(Dollars in 000's) | |||||||||||
Investments, at fair value: | |||||||||||
Cash and cash equivalents | $ | 10,154 | $ | 12,974 | |||||||
Common stock | 395,577 | 433,253 | |||||||||
Registered investment companies | 1,081,924 | 1,134,579 | |||||||||
Common and collective trust | 175,750 | 138,174 | |||||||||
Participant loans | 26,309 | 27,553 | |||||||||
Total investments | 1,689,714 | 1,746,533 | |||||||||
Dividend and interest receivable | 22 | 964 | |||||||||
Transfers receivable from EIP Part 1 | 2,341 | 428 | |||||||||
Contributions receivable | 6,193 | 6,649 | |||||||||
Other receivable/(payable), net | 143 | (359 | ) | ||||||||
Master Trust net assets | $ | 1,698,413 | $ | 1,754,215 | |||||||
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For the year ended | ||||||||||||
2001 | 2000 | |||||||||||
(Dollars in 000's) | ||||||||||||
Investment (loss) income: | ||||||||||||
Interest | $ | 3,590 | $ | 3,960 | ||||||||
Dividends | 11,528 | 12,048 | ||||||||||
Net appreciation (depreciation) in fair value of - | ||||||||||||
Common stock | 44,598 | 29,263 | ||||||||||
Registered investment companies | (125,201 | ) | (71,665 | ) | ||||||||
Common and collective trust | 7,967 | 7,226 | ||||||||||
Net investment loss | $ | (57,518 | ) | $ | (19,168 | ) | ||||||
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SUPPLEMENTAL SCHEDULE
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CATERPILLAR INC. | ||||||||||
(a) | (b) | (c) | (d) | (e) | ||||||
Identity of issue, | Description of investment, including maturity date, | Cost ** | Current | |||||||
* | Caterpillar Inc. | 401(k) Master Trust | $ | 265,289,000 | ||||||
Accessor | FSD Inc. Growth; 52.79 units | 1,198 | ||||||||
AIM | Weingarten Class B; 1,674.00 units | 21,143 | ||||||||
Alliance | Premier Growth Class A; 503.20 units | 10,225 | ||||||||
Technology Class B; 363.68 units | 22,690 | |||||||||
American Century | 20th Century Int'l Growth; 15,885.24 units | 126,605 | ||||||||
20th Century Century Vista; 638.05 units | 7,082 | |||||||||
Equity Growth; 145.03 units | 2,790 | |||||||||
Global Natural Resources; 946.37 units | 11,252 | |||||||||
Income & Growth; 162.46 units | 4,443 | |||||||||
Technology; 2,646.71 units | 5,690 | |||||||||
Ameristock | Mutual Fund; 251.44 units | 10,259 | ||||||||
Baron | Asset; 225.64 units | 10,032 | ||||||||
Small Cap Fund; 1,742.83 units | 26,508 | |||||||||
Berger | Large Cap Growth Fund N/C; 185.19 units | 2,031 | ||||||||
Small Cap Val Retail; 301.78 units | 8,471 | |||||||||
Berkshire | Focus Fund; 278.16 units | 2,590 | ||||||||
Black Oak | Emerging Technology Fund; 3,149.67 units | 12,441 | ||||||||
Bridgeway | Aggressive Growth; 902.82 units | 34,785 | ||||||||
Micro Cap Limited; 684.17 units | 6,527 | |||||||||
Cash | Cash Balance; 0.01 units | - | ||||||||
Clipper | Clipper; 131.79 units | 11,008 | ||||||||
Credit Suisse | War Pin Japan Small Company; 4,806.59 units | 8,604 | ||||||||
War Pincus Japan Growth N/C; 1,476.11 units | 7,691 | |||||||||
Dresdner | RCM Biotechnology N; 418.65 units | 11,471 | ||||||||
RCM Europe Class N; 898.98 units | 7,273 | |||||||||
RCM Global Health Care N; 337.12 units | 6,918 | |||||||||
RCM Global Technology Class N; 171.42 units | 5,191 | |||||||||
RCM Global Technology Fund; 166.87 units | 5,096 | |||||||||
Dreyfus | Appreciation Fund; 256.98 units | 9,770 | ||||||||
Disciplined Stock Class R; 134.37 units | 4,296 | |||||||||
Midcap Index Fund; 2,368.34 units | 49,877 | |||||||||
Premier Ltd Term High Inc. Class A; 578.23 units | 4,585 | |||||||||
Eaton Vance | Worldwide Health Science Class A; 924.39 units | 9,549 | ||||||||
Federated | Aggressive Growth Class B; 51.61 units | 590 | ||||||||
Fidelity | Disciplined Equity; 1,907.93 units | 42,165 | ||||||||
Dividend Growth; 2,823.65 units | 79,994 | |||||||||
Emerging Growth; 1,052.89 units | 20,026 | |||||||||
Growth Company; 154.31 units | 8,212 | |||||||||
Japan; 708.22 units | 6,445 | |||||||||
Japan Small Compaines; 1,254.71 units | 8,005 | |||||||||
Low Priced Stock; 467.51 uniits | 12,819 | |||||||||
OTC Port; 79.92 units | 2,491 | |||||||||
Overseas; 71.42 units | 1,958 | |||||||||
Select NWK & Infrastructure; 259.61 units | 766 | |||||||||
Select Wireless Portfolio; 243.97 units | 1,325 | |||||||||
Utilities; 48.59 units | 655 | |||||||||
| ||||||||||
Firsthand | Communications; 452.23 units | 1,506 | ||||||||
E-Commerce; 306.41 units | 1,051 | |||||||||
Technology Leaders; 364.98 units | 6,884 | |||||||||
Technology Innovator; 297.71 units | 4,882 | |||||||||
Technology Value; 1,871.81 units | 77,212 | |||||||||
Franklin | Gold Class II; 2.36 units | 22 | ||||||||
Gabelli | Global Telecommunications FD; 219.95 units | 3,071 | ||||||||
Growth Shares Ben Int; 348.36 units | 9,991 | |||||||||
Galaxy | Utility Index; 115.69 units | 1,093 | ||||||||
Green | Century Balanced; 269.16 units | 4,309 | ||||||||
Growth | Growth Fund of America; 330.75 units | 7,842 | ||||||||
Invesco | Blue Chip Growth N/C; 131.54 units | 342 | ||||||||
Dynamics N/C; 1,784.56 units | 28,428 | |||||||||
Energy N/C; 649.70 units | 11,285 | |||||||||
International European; 679.79 units | 7,675 | |||||||||
Leisure N/C; 121.19 units | 4,562 | |||||||||
Technology N/C; 92.38 units | 3,009 | |||||||||
Telecomm #39 N/C; 259.47 units | 4,312 | |||||||||
Investment | Investment Company of America; 328.94 units | 9,385 | ||||||||
Janus | Enterprise; 712.17 units | 22,790 | ||||||||
Fund; 470.61 units | 11,577 | |||||||||
Fund 2; 1,000.00 units | 7,450 | |||||||||
Global Life Sciences; 2,007.30 units | 35,268 | |||||||||
Global Technology; 2,887.77 units | 35,058 | |||||||||
Investment Balanced; 500.01 units | 9,815 | |||||||||
Investment Growth & Income; 739.43 units | 22,161 | |||||||||
Investment Mercury; 2,962.77 units | 61,596 | |||||||||
Investment Overseas; 474.41 units | 9,630 | |||||||||
Investment Twenty; 992.57 units | 38,174 | |||||||||
Investment Worldwide; 1,743.41 units | 76,431 | |||||||||
Olympus; 1,957.60 units | 54,519 | |||||||||
Orion Fund; 4,766.07 units | 28,501 | |||||||||
Strategic Value Fund; 1,235.38 units | 11,440 | |||||||||
John Hancock | Sovern Investors Class B; 1,552.89 units | 30,840 | ||||||||
Masters | Select Equity; 763.56 units | 9,613 | ||||||||
Matthews | Dragon Century China; 534.70 units | 5,053 | ||||||||
Meridian | Fund; 103.61 units | 2,983 | ||||||||
Value Fund; 1,349.06 units | 43,736 | |||||||||
Midas | Midas Fund; 950.93 units | 903 | ||||||||
Millenium | Growth & Income; 401.94 units | 2,516 | ||||||||
Montgomery | Global Communication; 25.62 units | 261 | ||||||||
Mid Cap 20 Class R; 52.09 units | 413 | |||||||||
Sht Duration Government Bond; 1,097.16 units | 11,191 | |||||||||
MSIF | Trust Mid Cap Growth Port N/C; 359.85 units | 6,279 | ||||||||
Munder | Bio Tech2 Class B; 265.39 units | 1,823 | ||||||||
International Net Net Class A; 393.73 units | 1,008 | |||||||||
Net Net Class A; 271.06 units | 4,874 | |||||||||
Power Plus Class II; 109.26 units | 920 | |||||||||
Neuberger & Berman | Focus Trust Frmly Selected Sectors TR; 91.82 units | 2,323 | ||||||||
Nevis | Nevis Fund; 189.54 units | 2,799 | ||||||||
| ||||||||||
Oakmark | Oakmark Fund; 57.67 units | 2,034 | ||||||||
Oakmark Select; 485.03 units | 13,212 | |||||||||
PBHG | Clipper Focus N/C; 216.53 units | 3,289 | ||||||||
Growth; 101.42 units | 2,065 | |||||||||
Select Equity; 919.98 units | 22,438 | |||||||||
Technology & Communication; 2,392.27 units | 39,209 | |||||||||
Pimco | Global Innovation Class B; 27.94 units | 235 | ||||||||
Innovation Class B; 70.18 units | 1,489 | |||||||||
Total Return Class A; 1,114.92 units | 11,662 | |||||||||
Pin Oak | Aggressive Stock; 688.66 units | 16,452 | ||||||||
Pioneer | High Yield Class A; 203.28 units | 2,232 | ||||||||
Potomac | OTC Plus; 194.78 units | 2,415 | ||||||||
Putnam | Fund for Growth & Income Cl A; 619.74 units | 10,982 | ||||||||
International Growth Class A; 367.48 units | 7,283 | |||||||||
| OTC & Emerging Growth; 147.52 units | 1,107 | ||||||||
Red Oak | Technology Select; 4,200.06 units | 40,279 | ||||||||
Reynolds | Blue Chip Growth; 141.12 units | 4,925 | ||||||||
RS | Aggressive Growth; 1,214.88 units | 7,520 | ||||||||
Emerging Growth N/C; 214.73 units | 6,874 | |||||||||
Rydex | Biotechnology Inv Class; 377.51 units | 9,355 | ||||||||
Electronics Inv. Class; 1,237.75 units | 19,915 | |||||||||
OTC Fund; 1,660.63 units | 18,350 | |||||||||
Scudder | Growth & Income; 111.73 units | 2,353 | ||||||||
Select | Biotechnology; 55.12 units | 3,589 | ||||||||
Select | Computers; 73.88 units | 2,810 | ||||||||
Develop Communications; 106.75 units | 2,018 | |||||||||
Electronics; 342.16 units | 16,858 | |||||||||
Energy Service; 198.64 units | 5,876 | |||||||||
Health Care; 33.82 units | 4,304 | |||||||||
Technology; 18.53 units | 1,123 | |||||||||
Telecom; 83.38 units | 3,020 | |||||||||
Selected | American Shares; 295.77 units | 9,166 | ||||||||
SIT | Small Cap Growth; 261.91 units | 6,603 | ||||||||
Spectra | Spectra Fund Inc.; 1,041.20 units | 7,268 | ||||||||
SSGA | Money Market Fund; 322,829.33 units | 322,829 | ||||||||
Stien Roe | Intermediate Bond N/C; 1,350.48 units | 11,965 | ||||||||
Young Investor N/C; 32.01 units | 683 | |||||||||
Strong | Blue Chip 100; 50.01 units | 618 | ||||||||
Corporate Bond Income; 1,719.43 units | 18,054 | |||||||||
Enterprise; 223.49 units | 4,948 | |||||||||
Growth & Income; 161.40 units | 3,273 | |||||||||
Large Cap Growth N/C; 6.18 units | 145 | |||||||||
Technology 100 Fund; 999.26 units | 4,806 | |||||||||
T Rowe Price | Blue Chip Growth Inc; 148.18 units | 4,293 | ||||||||
Media & Telecommunications; 192.38 units | 3,876 | |||||||||
Mid Cap Growth; 493.71 units | 19,452 | |||||||||
Price Science & Technology; 407.01 units | 8,515 | |||||||||
The Internet Fund | The Internet Fund; 433.18 units | 9,443 | ||||||||
Turner | Healthcare & Biotechnology II; 931.61 units | 11,282 | ||||||||
New Energy & Power Technology II; 828.73 units | 6,970 | |||||||||
| ||||||||||
Ultra | OTC Pro Fund Investor's Shares; 97.03 units | 3,625 | ||||||||
OTC Pro Fund Service Shares; 10.66 units | 382 | |||||||||
Value Line | Asset Allocation; 1,036.40 units | 17,857 | ||||||||
Van Kampen | Real Estate Sec Class A; 519.55 units | 7,383 | ||||||||
Van Wagoner | Income Post Venture; 218.05 units | 2,189 | ||||||||
Vanguard | Equity Income; 261.27 units | 5,933 | ||||||||
Fixed Income International Term Co; 1,807.65 units | 17,588 | |||||||||
GNMA Fixed Income Securities; 298.21 units | 3,095 | |||||||||
Growth & Income; 583.81 units | 16,463 | |||||||||
Growth Index; 1,045.12 units | 27,602 | |||||||||
Index Trust S&P 500 Portfolio; 1,015.49 units | 107,531 | |||||||||
US Growth Portfolio; 642.70 units | 12,115 | |||||||||
Vanguard/Wellington Income; 111.37 units | 3,036 | |||||||||
Wasatch | Growth; 366.07 units | 12,666 | ||||||||
Hoisington Treasury; 56.08 units | 670 | |||||||||
Weitz | Value; 712.30 units | 24,425 | ||||||||
White Oak | Growth Stock; 466.55 units | 17,934 | ||||||||
WM Sam | Strategic Growth Class B; 2,633.02 units | 35,019 | ||||||||
Total registered investment companies | 2,447,323 | |||||||||
Total Investments | $ | 267,736,323 | ||||||||
* Denotes party in interest. | ||||||||||
** Cost information is not applicable for participant directed investments. | ||||||||||
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EXHIBIT C
Consent of Independent Accountants
We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-8003) of Caterpillar Inc. of our report dated May 21, 2002 relating to the financial statements of the Caterpillar Inc. Tax Deferred Savings Plan, which appears in this Form 11-K.
PricewaterhouseCoopers LLP
Peoria, Illinois
May 24, 2002
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