SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K/A
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the fiscal year ended: December 31, 2003
o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the transition period from to
Commission file number: 1-4850
A. Full title of plan and the address of the plan, if different from that of the issuer named below: Computer Sciences Corporation Matched Asset Plan
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Computer Sciences Corporation 2100 East Grand Avenue El Segundo, CA 90245 |
TABLE OF CONTENTS
Description | Page |
| |
(a) Financial Statements: | |
| |
Report of Independent Registered Public Accounting Firm .............................. | 3 |
Statements of Net Assets Available for Benefits As of December 31, 2003 and 2002 .................................................................. | 4 |
Statements of Changes in Net Assets Available for Benefits For the Years Ended December 31, 2003 and 2002 ........................................... | 5 |
Notes to Financial Statements ........................................................................... | 6 |
| |
(b) Supplemental Schedule: | |
| |
Form 5500, Schedule H, Part IV, Line 4i Schedule of Assets (Held at End of Year) as of December 31, 2003 | S-1 |
| |
(c) Exhibit: | |
| |
Exhibit 23: Consent of Independent Registered Public Accounting Firm ..................... | E-1 |
All other schedules required by 29 CFR 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable. | |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
Computer Sciences Corporation
El Segundo, California
We have audited the accompanying statements of net assets available for benefits of Computer Sciences Corporation Matched Asset Plan (the "Plan") as of December 31, 2003 and 2002, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of 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, 2003 and 2002, 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.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) 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 supplemental schedule is the responsibility of the Plan's management. Such supplemental schedule has been subjected to the auditing procedures applied in our audits of the 2003 basic financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.
/s/ DELOITTE & TOUCHE LLP
Deloitte & Touche LLP
June 24, 2004
3
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
| December 31 |
| 2003 | | 2002 |
ASSETS | | | |
Investments at fair value (Notes 1, 2, 5, 7 and 10): | | | |
Short-term investments | $ 152,216,240 | | $ 170,912,269 |
Foreign currency | 527,910 | | 738,482 |
Long-term investments | | | |
CSC common stock | 363,945,449 | | 270,826,298 |
Participant loans (Note 6) | 19,637,145 | | 20,848,024 |
Interest in registered investment companies | | | |
Mellon Enhanced Asset Fund | 113,850,006 | | 89,474,914 |
Mellon S&P 500 Stock Index Fund | 297,564,493 | | 214,747,696 |
Vanguard High Yield Bond Fund | 20,271,765 | | 11,456,659 |
Mellon Balanced 40/60 Fund | 33,263,641 | | 25,197,973 |
Mellon Balanced 60/40 Fund | 57,080,095 | | 40,452,622 |
Mellon Balanced 80/20 Fund | 71,212,974 | | 49,760,056 |
Mellon S&P 500 Select Fund | | | 29,669,793 |
State Street Global Advisor Index Plus Fund | 44,344,320 | | |
Mellon Market Completion Fund | 72,904,718 | | 39,969,231 |
Frank Russell Active Equity Fund | 129,173,572 | | 96,986,981 |
Bonds and debentures | 227,610,301 | | 215,919,928 |
International equity investments | 27,545,272 | | 15,006,101 |
Guaranteed investment contracts | 221,728 | | 208,402 |
Total investments | 1,631,369,629 | | 1,292,175,429 |
| | | |
Receivables: | | | |
Accrued income | 1,535,177 | | 1,593,875 |
Unsettled trades | 34,477,935 | | 22,318,020 |
Other | 104,991 | | |
Total Receivables | 36,118,103 | | 23,911,895 |
Total Assets | 1,667,487,732 | | 1,316,087,324 |
| | | |
LIABILITIES | | | |
Accrued expenses | 678,738 | | 741,603 |
Unsettled trade payables | 33,792,063 | | 26,508,134 |
Other | 126,167 | | 695,516 |
Total Liabilities | 34,596,968 | | 27,945,253 |
NET ASSETS AVAILABLE FOR BENEFITS | $ 1,632,890,764 =========== | | $ 1,288,142,071 =========== |
See Notes to Financial Statements
4
COMPUTER SCIENCES CORPORATIONMATCHED ASSET PLAN
STATEMENTS OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS
| Years Ended December 31 |
| 2003 | | 2002 |
INVESTMENT INCOME (LOSS): | | | |
Net appreciation (depreciation) in fair value of | | | |
investments (Note 7) | $ 251,373,933 | | $ (246,023,997) |
Interest | 13,133,594 | | 14,519,253 |
Dividends | 9,223,309 | | 8,956,209 |
Net investment income (loss) | 273,730,836 | | (222,548,535) |
| | | |
CONTRIBUTIONS: | | | |
Participant | 148,981,583 | | 151,249,938 |
Employer | 26,621,301 | | 27,985,869 |
Employee rollovers | 5,570,927 | | 8,839,837 |
Transfers from (spinoffs to) other plans (Note 9) | 7,957,089 | | (73,406) |
Total contributions | 189,130,900 | | 188,002,238 |
| | | |
DEDUCTIONS: | | | |
Distributions to participants | 116,211,405 | | 125,997,395 |
Administrative expenses | 1,901,638 | | 1,915,715 |
Total Deductions | 118,113,043 | | 127,913,110 |
INCREASE (DECREASE) IN NET ASSETS | 344,748,693 | | (162,459,407) |
| | | |
Net Assets Available for Benefits at Beginning of Year | 1,288,142,071 | | 1,450,601,478 |
NET ASSETS AVAILABLE FOR BENEFITS AT END OF YEAR | $ 1,632,890,764 ============
| | $ 1,288,142,071 =========== |
See Notes to Financial Statements
5
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Note 1 Description of the Plan
The following brief description of the Computer Sciences Corporation Matched Asset Plan (the "Plan") is provided for general information purposes only. Participants should refer to the Plan documents for more complete information.
The Plan is a defined contribution plan adopted by the action of the Board of Directors of Computer Sciences Corporation (the "Company") taken on November 3, 1986, and constitutes an amendment and restatement of the Employee Stock Purchase Plan ("the Prior Plan").
The Plan is a continuation of the Prior Plan and is qualified under the Internal Revenue Code (the "Code"), as amended, Section 401(a) and, effective as of January 1, 1987, with respect to the portion thereof that qualifies as a qualified cash or deferred arrangement, to satisfy the requirement of Code Section 401(k). It is also subject to the provisions of the Employee Retirement Income Security Act of 1974 as amended ("ERISA").
The Plan is administered by a committee, Retirement and Employee Benefits Plans Committee of Computer Sciences Corporation (the "Committee"), consisting of four members who are appointed by the Board of Directors of the Company and serve without compensation, being reimbursed by the Company for all expenditures incurred in the discharge of their duties as members of the committee. The Committee has the power to interpret, construe and administer the Plan and to decide any dispute which may arise under the Plan.
Plan Termination - Although it has not expressed any intention to do so, the Company reserves the right to discontinue its contributions and terminate the Plan subject to the provisions of ERISA. In the event of such termination, the participants' rights to the Company's contributions vest immediately and the account balances are fully paid to the participants.
Interest in the Common/Collective Trust
The Plan's investments are in the common/collective trust ("CCT") which was established for the investment of assets of the Plan and several other Computer Sciences Corporation sponsored retirement plans. Each participating retirement plan has an undivided interest in the CCT. The assets of the CCT are held by The Bank of New York (the "Trustee"). At December 31, 2003 and 2002, the Plan's interest in the assets of the CCT was approximately 50.8% and 58.7%, respectively. Investment income and administrative expenses relating to each discretionary or directed fund within the CCT are allocated to the individual plans based upon average monthly balances invested by each plan in each discretionary or directed fund.
Participants in the CCT consist of the Computer Sciences Corporation Matched Asset Plan, CSC Outsourcing Inc. Hourly Savings Plan, CSC Outsourcing Inc. CUTW Hourly Savings Plan, Computer Sciences Corporation Employee Pension Plan, CSC Outsourcing Inc. Hourly Pension Plan, CSC Outsourcing Inc. CUTW Hourly Pension Plan, CSC/Hughes Retirement Plan, CSR's Range Employees Pension Plan, Computer Sciences Corporation Cash Balance Plan, CSC/Raytheon Retirement Plan, CSC/E-Systems Pension Plan, CSC Pension Equity Plan, Eagle Alliance Employee Pension Plan, DynCorp Capital Accumulation Retirement Plan, and the DynCorp Savings and Retirement Plan (the "Plans").
6
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Eligibility and Participation
Any eligible employee who has satisfied the Plan's age and service requirements, and is employed by the Company, and who receives a stated compensation in respect of employment on the payroll of the Company, is eligible to become a participant, with the exception of a person who is represented by a collective bargaining unit and whose benefits have been the subject of good faith bargaining under a contract that does not specify that such person is eligible to participate in the Plan. In addition, the Company may determine to exempt all employees of any division, unit, facility or class from coverage under the Plan. Any person who leaves the employ of the Company and, at a later time becomes re-employed, must reapply to participate in the Plan, provided he or she otherwise meets the eligibility requirements.
Employee and Company Contributions
Subject to certain limitations described below, an eligible employee who elects to become a participant may authorize any whole percentage (at least 1% but not more than 15%) of such employee's monthly compensation (as defined in the Plan) to be deferred and contributed to the trust fund on his or her behalf, subject to certain Code limitations. Any compensation deferral in excess of applicable Code limitations together with income allocable to that excess, will be returned to a participant. Any matching Company contributions attributable to any excess contribution, and income allocable thereto, will either be returned to the Company or applied to reduce future matching Company contributions. Effective January 1, 2002, under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), the Plan permits participants age 50 and over, to make additional "catch-up" contributions in excess of the statutory limit. For 2002, such "catch-up" contributions could be made up to $1,000 a year, then they are increased each year by $1,000 until $5,000 in 2006, and then indexed in $500 increments.
In order to qualify for the special tax treatment accorded to plans by Section 401(k) of the Code, contributions on behalf of participants under the Plan must meet two nondiscrimination tests designed to prevent a disproportionate compensation deferral election by employees who are highly compensated in relation to other employees. The Committee may cause the percentage authorized by the highly compensated participants to be reduced if the Plan does not meet both of the nondiscrimination tests.
A participant is not permitted to make voluntary after-tax contributions to the Plan.
7
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
The Company will contribute an amount equal to 50% of the first 3% of the participant's compensation deferral, except for five groups of employees to whom under the terms of their contract agreements the Company will contribute amounts based on the following rates:
Group 1 - 50% of the first 4% of the participant's compensation deferral;
Group 2 - 100% of the first 7% of the participant's compensation deferral;
Group 3 - 100% of the first 5% of the participant's compensation deferral;
Group 4 - 100% of the first 10% of the participant's compensation deferral; and
Group 5 - 100% of the first 6% of the participant's compensation deferral.
Matching contributions will be invested in the Company Stock Fund, which invests in the common stock of Computer Sciences Corporation except for employees of CSC Credit Services, Inc., Mississippi Space Services, and Computer Sciences Raytheon whose matching contributions are not required to be invested in the Company Stock Fund, and may be invested in any available fund selected by the employee. Participants direct the investment of their contributions into various investment options offered by the Plan.
Participant Accounts
Each participant's account is credited with the participant's contribution and the Company's matching contribution and allocations of Plan earnings, and is charged with an allocation of investment management fees. Allocations are based on participant earnings or 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.
Vesting of Participants' Interests/Forfeitures
Participants are vested immediately in his or her contributions plus actual earnings thereon.
Vesting in his or her Matching Contribution Account is equal to twenty-five percent (25%) after completing two full years of service and increasing by twenty-five percent (25%) for each additional full year of service. Vesting accelerates to 100% in the event of reaching age 65 while employed by the Company or upon severance by reason of death or total and permanent disability.
Any nonvested portion of the Matching Contributions Account will be forfeited upon withdrawal from the Plan. Forfeitures may be applied to reduce future matching contributions by the Company. Such forfeitures during 2003 and 2002 amounted to $998,494 and $1,211,155, respectively. As of December 31, 2003, the Plan held $126,167 in forfeitures.
8
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Distributable Amounts, Withdrawals and Refunds
A participant may become entitled to a distribution of his or her distributable benefit by reason of retirement, death, total and permanent disability, voluntary termination of employment, or dismissal. The rules of payment of a participant's distributable benefit depend upon age of the participant, the number of years of service completed by the participant and the type of severance.
While still an employee, a participant may, upon at least a 30 day written notice to the Committee, make a withdrawal of his or her compensation deferral contributions if the Committee finds, after considering the participant's request, that an adequate financial hardship and resulting need for such amount has been demonstrated by the participant.
Note 2 Summary of Significant Accounting Policies
Basis of Accounting
The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Certain reclassifications have been made to the prior years' financial statements to conform to 2003 presentation.
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.
Risks and Uncertainties
The Plan utilizes various investment instruments. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.
9
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Assets of the Plan
The assets of the Plan are held in a trust with fourteen funds representing the investment options. The investment return in the respective funds is allocated to a participant based on his or her account balance. Contributions to, and payments from, the Plan are specifically identified to the applicable funds within the trust.
Security Transactions
Security transactions are accounted for on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is accounted for on the accrual basis.
In general, participants in the CSC Stock Fund receive distributions in certificates for shares of the common stock of the Company.
Valuation of Investment Securities
Investments in common stocks, fixed income securities and institutional investment vehicles are stated at fair value based upon closing sales prices reported on recognized securities exchanges on the last business day of the plan year or, for the listed securities having no sales reported and for unlisted securities, upon last reported bid prices on that date. Investments in short-term investments are stated at cost which approximates fair value. Participant loans are valued at outstanding loan balances.
Payment of Benefits
Benefits are recorded when paid. Amounts allocated to accounts of persons who have elected to withdraw from the Plan but have not yet been paid were $11,298,739 and $10,968,769 at December 31, 2003 and 2002, respectively.
Note 3 Income Tax Status
The Internal Revenue Service has determined and informed the Company by a letter dated May 13, 2003, that the Plan and related trust are designed in accordance with applicable sections of the Code.
The Committee believes that the Plan is designed and operated to qualify under Section 401(a) of the Code and, with respect to its qualified cash or deferred arrangement, under Section 401(k) of the Code.
10
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Note 4 Reconciliation of Financial Statements to Form 5500
| December 31, |
| 2003 | | 2002 |
| | | |
Net assets available for benefits per the financial statements | $ 1,632,890,764 | | $ 1,288,142,071 |
Amounts allocated to withdrawing participants | (11,298,739) | | (10,968,769) |
Net assets available for benefits per Form 5500 | $ 1,621,592,025 =========== | | $ 1,277,173,302 =========== |
The following is a reconciliation of distributions to participants per the financial statements to the Form 5500:
| Year Ended December 31, |
| 2003 | | 2002 |
| | | |
Distributions to participants per the financial statements | $ 116,211,405 | | $ 125,997,395 |
Add: Amounts allocated to withdrawing participants at end of year | 11,298,739 | | 10,968,769 |
Less: Amounts allocated to withdrawing participants at start of year | (10,968,769) | | (7,047,846) |
Distributions to participants per the Form 5500 | $ 116,541,375 ========== | | $ 129,918,318 ========== |
Amounts allocated to withdrawing participants are recorded on the Form 5500 for distributions that have been processed and approved for payment prior to year end but not paid as of that date.
Note 5 Investment Funds
Participant contributions - Subject to rules the Committee may from time to time adopt, each participant has the right to designate one or more of the following investment funds established by the Committee for the investment of his or her compensation deferral contributions, in increments of 1%. After an initial election has been made, a participant may designate a different Fund into which future compensation deferral contributions shall be invested as of the first day of any payroll period that coincides with or immediately follows the first day of any month once within a calendar quarter. In addition, a participant may elect to redesignate any amounts in his or her accounts as of the last business day of any month to be invested in a different Fund. These elections may be made by giving such advance notice as may be required by the Plan administrator.
11
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Note 6 Participant Loans
The Plan allows participants to borrow from their vested account balances from a minimum of $1,000 to a maximum of 50% of their vested account balances up to $50,000, subject to certain limitations. The loans bear interest at the prime rate quoted in the Wall Street Journal plus 1%. Loan terms range from 1-5 years or up to 15 years for purchase of a primary residence. Loans are recorded at outstanding loan balances, which approximates fair value, on the Statements of Net Assets Available for Benefits.
The loans are deducted from the participants' accounts according to a priority specified in the Plan's loan rules and, within each account, pro rata from the funds based on their balances at the time. Loan repayments are reinvested in the participants' funds according to their current investment election. The repayments are similarly allocated among participants' accounts according to the priority specified in the Plan's rules.
12
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Note 7 Investments in Common/Collective Trust
The following table presents investments in the CCT at fair value.
| | | December 31, |
| | | 2003 | | 2002 |
Investments at Fair Value as Determined by | | | |
| Quoted Market Price | | | |
| Cash and foreign currency | $ 2,461,294 | | $(7,062,096) |
| Short-term investment fund | 61,847,211 | | 82,631,988 |
| Money market fund | 133,017,884 | | 134,905,932 |
| Bonds and debentures | 364,928,255 | | 313,525,841 |
| CSC common stock | 750,057,291 | | 271,451,187 |
| International equity portfolios | 127,067,765 | | 80,999,745 |
| Investment in registered investment companies | | | |
| | Active Allocation Fund | 113,850,006 | | 89,474,915 |
| | Brinson Balanced Fund | 53,799,264 | | 44,971,781 |
| | Brinson U.S. Equity Fund | 159,022,807 | | 121,505,104 |
| | Mellon Capital Aggr. Bond Fund | - | | 19,442,536 |
| | Mellon Corporate Bond Fund | 122,096,617 | | 128,727,920 |
| | Mellon EB Enhanced Asset Allocation Fund | 72,712 | | 72,130 |
| | Mellon EB Stock Index Fund | - | | 18,103,136 |
| | Mellon Equity Fund | 413,025,228 | | 252,041,662 |
| | Mellon Equity Completion Fund | 174,398,903 | | 100,432,455 |
| | Mellon Government Bond Fund | 1,063,103 | | 1,100,655 |
| | Mellon Index Fund | 124,536 | | 91,480 |
| | Mellon S&P 500 Index Fund | 297,564,493 | | 214,747,696 |
| | Pacific Mutual Enhanced Bond Fund | 44,115,319 | | 42,048,116 |
| | BlackRock Core Bond Fund | 1,996,249 | | 2,068,241 |
| | Vanguard High Yield Bond Fund | 20,271,765 | | 11,456,659 |
| | Mellon Balanced 40/60 Fund | 33,263,641 | | 25,197,973 |
| | Mellon Balanced 60/40 Fund | 57,080,095 | | 40,452,622 |
| | Mellon Balanced 80/20 Fund | 71,212,974 | | 49,760,056 |
| | Mellon S&P 500 Select Fund | 44,344,320 | | 29,669,793 |
| | Frank Russell Active Equity Fund | 129,963,466 | | 97,710,335 |
| | | 3,176,645,198 | | 2,165,527,862 |
| | | | |
| | | | (continued) |
13 |
|
COMPUTER SCIENCES CORPORATION MATCHED ASSET PLAN NOTES TO FINANCIAL STATEMENTS Years Ended December 31, 2003 and 2002
|
| | | |
(CCT investments at fair value) | | | |
| | | December 31, |
| | | 2003 | | 2002 |
Investments at Estimated Fair Value | | | |
| Geewax Terker Hedge Fund | 14,304,472 | | 14,208,865 |
| Guaranteed investment contracts | 221,728 | | 208,402 |
| | | 14,526,200 | | 14,417,267 |
| | | | | |
Investments at Cost, Which Approximates Fair Value | | | |
| Participant loans | 19,666,768 | | 20,861,715 |
| | Total Common/Collective Trust Assets | $ 3,210,838,166 ============ | | $ 2,200,806,844 =========== |
| | Plan's Interest in CCT Assets | $ 1,631,369,629 ============ | | $ 1,292,175,429 =========== |
The investment income (loss) of the CCT is summarized as follows:
| Year Ended December 31, |
| 2003 | | 2002 |
| | | |
Bonds and debentures | $ (3,203,211) | | $ 10,015,510 |
CSC Stock Fund | 225,688,912 | | (108,787,494) |
International equity portfolios | 31,616,897 | | (8,622,821) |
Active Allocation Fund | 22,947,087 | | (20,078,067) |
Brinson Balanced Fund | 8,198,982 | | (5,805,752) |
Brinson Equity Fund | 35,011,373 | | (24,647,781) |
Mellon Capital Aggr. Bond Fund | (140,146) | | 690,020 |
Mellon Corporate Bond Fund | 1,115,632 | | 3,612,141 |
Mellon EB Enhanced Asset Allocation Fund | 18,131 | | (17,344) |
Mellon EB Stock Index Fund | 2,612,968 | | (5,441,571) |
Mellon Equity Fund | 81,802,979 | | (66,788,887) |
Mellon Equity Completion Fund | 48,521,154 | | (19,801,599) |
Mellon Government Bond Fund | (25,508) | | 41,899 |
Mellon Index Fund | 25,167 | | (34,571) |
Mellon S&P 500 Index Fund | 60,150,473 | | (63,790,246) |
Pacific Mutual Enhanced Bond Fund | 2,067,203 | | 4,264,662 |
BlackRock Core Bond Fund | (41,957) | | 72,514 |
Vanguard High Yield Bond Fund | 1,249,638 | | (626,885) |
Mellon Balanced 40/60 Fund | 3,819,800 | | (782,720) |
| | | |
| | | (continued) |
14 |
|
COMPUTER SCIENCES CORPORATION MATCHED ASSET PLAN NOTES TO FINANCIAL STATEMENTS Years Ended December 31, 2003 and 2002
|
| |
CCT income (loss), continued | |
| Year Ended December 31, |
| 2003 | | 2002
|
Mellon Balanced 60/40 Fund | 8,449,807 | | (4,249,948) |
Mellon Balanced 80/20 Fund | 13,140,177 | | (9,206,704) |
Mellon S&P 500 Select Fund | 8,613,367 | | (8,038,147) |
Frank Russell Active Equity Fund | 29,714,910 | | (27,340,693) |
Geewax Terker Hedge Fund | 7,248 | | (128,110) |
Net appreciation (depreciation) in fair value of investments | 581,361,083 | | (355,492,594) |
Dividends | 26,702,043 | | 35,005,228 |
Interest | 24,604,425 | | 20,008,593 |
Common/Collective Trust Income (Loss) | $ 632,667,551 ========== | | $(300,478,773) =========== |
Plan's Interest in the Common/Collective Trust Income (Loss) | $ 273,730,836 ==========
| | $(222,548,535) ===========
|
Note 8 Related-Party Transactions
Certain short-term investment funds are managed by The Bank of New York. The Bank of New York is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions. The fees associated with these short-term investment funds were paid by the Company.
At December 31, 2003 and 2002, the Plan held 8,228,475 and 7,861,431 shares, respectively, of common stock of the Computer Sciences Corporation, the sponsoring employer, with a cost basis of $467,729,394 and $466,785,058, respectively.
Note 9 Mergers and Spinoffs
On February 25, 2003 the ECS Integrated Technology Solutions LLC 401(k) Plan ("ECS") was merged with the Plan and the net assets of ECS were transferred to the Plan. The management of the Company believes that the Plan merger was a tax-exempt transaction under the applicable provisions of the Code and, therefore, not subject to federal income taxes.
On April 22, 2003 the Information Technology Solutions, Inc. 401(k) Profit Sharing Plan ("ITS") was merged into the Plan and the net assets of ITS were transferred into the Plan. The management of the Company believes that the Plan merger was a tax-exempt transaction under the applicable provisions of the Code and, therefore, not subject to federal income taxes.
15
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
In 2002, $85,007 was processed as loan spin-offs from the Plan to the JT-3 Plan. Also, $11,601 was transferred to the Plan from other defined contribution plans.
Note 10 Nonparticipant-Directed Investments
Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments is as follows as of December 31, 2003 and 2002, and for the two years ended December 31, 2003:
| | 2003 | | 2002 |
Net assets: | | | |
| CSC common stock | $ 363,945,449 | | $ 270,826,298 |
| Short-term investments | 4,776,554 | | 3,606,539 |
| Accrued income | 1,899 | | 2,963 |
| Net unsettled trades payable | (2,499,148) | | (1,648,279) |
| CSC Stock Fund | $ 366,224,754 | | $ 272,787,521 |
| | | | |
Changes in net assets: | | | |
| Net appreciation (depreciation) in fair value of investments | 80,356,760 | | (107,637,878) |
| Interest income | 644,777 | | 835,954 |
| Employer contributions | 25,224,221 | | 25,428,236 |
| Participant contributions | 17,656,757 | | 25,037,842 |
| Participant rollovers | 203,279 | | 467,912 |
| Transfers to participant-directed investments | (9,143,659) | | (8,182,718) |
| Plan to plan transfers | 102,448 | | (6,395) |
| Benefits paid to participants | (21,607,349) | | (30,475,311) |
| Net Change | 93,437,234 | | (94,532,358) |
| | | | |
CSC Stock Fund - beginning of the year | 272,787,521 | | 367,319,879 |
CSC Stock Fund - end of the year | $ 366,224,755 ========== | | $ 272,787,521 ========== |
16
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
Note 11 Derivative Financial Instruments
In the Plan's separate accounts, derivative financial instruments are used by the Plan's international equity manager primarily to hedge the currency risk component of the Plan's foreign investments. The fixed income investment manager is permitted to use certain specified types of derivative instruments as part of its strategy. This strategy includes the use of futures and options as substitutes for certain types of fixed income securities. Leveraging of the Plan's assets and speculation are prohibited. Currency hedge positions in aggregate are not permitted to exceed the level of exposure in the Plan's related assets.
Foreign Currency Exchange Contracts
The Plan enters into forward contracts to purchase and sell foreign currencies in the normal course of its investing activities to manager the currency exposure associated with the Plan's foreign equity investments. The terms of these contracts generally do not exceed one year. The credit risk associated with these contracts is minimal as they are entered into with a limited number of highly rated counterparties.
The Plan reflects the fair value of all forward contracts as an asset or liability in the Plan's financial statements. The fair value associated with the foreign currency contracts have been estimated by the valuing position of the contracts using the applicable spot rates and forward rates as of the reporting date. In the statement of net assets available for benefits, forward contracts to purchase foreign currency are shown as currency contract payables and forward contracts to sell foreign currency are shown as currency contract receivables. Changes in fair values are accounted for as net appreciation (depreciation) in fair value of investments.
Futures Contracts
The Plan enters into futures contracts in the normal course of its investing activities to manage market risk associated with the Plan's fixed income investments and to achieve overall investment portfolio objectives. These contracts involve elements of market risk in excess of amounts recognized in the statements of net assets available for benefits. The credit risk associated with these contracts is minimal as they are traded on organized exchanges and settled daily.
During 2003, the Plan was a party to futures contracts held for trading purposes for U.S. Treasury Bonds. Upon entering into a futures contract, the Plan is required to deposit either in cash or securities an amount ("initial margin") equal to a certain percentage of the nominal value of the contract. Subsequent payments are then made or received by the Plan, depending on the daily fluctuations in the value of the underlying contracts.
17
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2003 and 2002
At December 31, 2003, the Plan had futures contracts to sell U.S. Treasury Bonds contracts with a notional amount of $7.8 million. Notional amounts do not quantify risk or represent assets or liabilities of the Plan, but are used in the calculation of cash settlements under the contracts.
The fair value of futures contracts in the statement of net assets available for benefits is zero at December 31, 2003, as settlements are by cash daily. Changes in fair values are accounted for as net appreciation (depreciation) in fair value of investments.
Subsequent Events
The merger of the DynCorp Capital Accumulation Retirement Plan ("CAP") and DynCorp Savings and Retirement Plan ("SARP") into the Plan is mandated by the terms of the 2003 DynCorp/CSC merger agreement, as approved by the Company's Board of Directors. The assets of CAP and SARP are expected to be merged into the Plan in 2004. The management of the Company believes that the Plan mergers will be a tax-exempt transaction under the applicable provisions of the Code and, therefore, not subject to federal income taxes.
In January of 2004, a new recordkeeping firm, replacing the predecessor firm, assumed the Plan's recordkeeping functions.
18
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Act of 1934, the Computer Sciences Corporation Retirement Plans Committee has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.
| Computer Sciences Corporation MATCHED ASSET PLAN |
| |
Date: July 1, 2004 | By: /s/ LEON J. LEVEL Leon J. Level Chairman, Computer Sciences Corporation Retirement Plans Committee |
19
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party
| | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value
| | (d) Cost | | (e) Current Value |
| | Australian Dollar | | Foreign currency | | | | | | $ 15,530 |
| | Canadian Dollar | | Foreign currency | | | | | | 25,057 |
| | Danish Krona | | Foreign currency | | | | | | 180 |
| | Euro | | Foreign currency | | | | | | 269,540 |
| | Hong Kong Dollar | | Foreign currency | | | | | | 2,058 |
| | Japanese Yen | | Foreign currency | | | | | | 99,014 |
| | Norwegian Krona | | Foreign currency | | | | | | 6,488 |
| | Pounds Sterling | | Foreign currency | | | | | | 10,185 |
| | Singapore Dollar | | Foreign currency | | | | | | 671 |
| | Swedish Krona | | Foreign currency | | | | | | 97,702 |
| | Swiss Francs | | Foreign currency | | | | | | 1,485 |
| | | | | | Foreign currency | 527,910 |
| | | | | | | | | | |
| | State Street Global Advisor | | SSGA Short Term Investment Fund | | | | | 133,017,884 |
| | Mellon Capital Management Corp. | | Mellon Temporary Investment Fund | | | | | 9 |
* | | The Bank of New York | | Collective Short Term Invest Fdnon-Discretionary | | | | 18,887,330 |
* | | The Bank of New York | | BNY Collective Trust STIF Trust | | | | | 311,017 |
| | | | | Short-term investments | 152,216,240 |
| | | | | | | | | | |
* | | Computer Sciences Corporation | | Common Stock - 8,228,475 shares | | | 467,729,394 | | 363,945,449 |
| | Computer Sciences Corporation | | Participant loans (5% -5.25%, maturing 3/7/03 - 1/11/19) | | | | 19,637,145 |
| | | | | | | | | | |
| | Mellon Capital Management Corp. | | Mellon EB Daily Liquidity Enhanced Asset Allocation Fd | | 113,850,006 |
| | Mellon Capital Management Corp. | | S&P 500 Index - Daily Liquidity Stock Index Fund | | | 297,564,493 |
| | The Vanguard Group | | Vanguard High Yield Corp Bond fund | | | | | 20,271,765 |
| | | | | | | | | | |
| | Mellon Capital Management Corp. | | Mellon EB Daily Liquidity Aggregate Bond Index Fd | | | | 19,949,685 |
| | Mellon Capital Management Corp. | | Mellon EB Daily Market Completion Fund | | | | 3,172,361 |
| | Mellon Capital Management Corp. | | Daily Liquidity Stock Index Fund | | | | | 10,141,595 |
| | | | | Mellon Balanced 40/60 Fund | 33,263,641 |
S-1
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | | | | | | | | | |
| | Mellon Capital Management Corp. | | Mellon EB Daily Liquidity Aggregate Bond Index Fd | | | | 22,663,516 |
| | Mellon Capital Management Corp. | | Mellon EB Daily Market Completion Fund | | | | 8,261,764 |
| | Mellon Capital Management Corp. | | Daily Liquidity Stock Index Fund | | | | | 26,154,815 |
| | | | | Mellon Balanced 60/40 Fund | 57,080,095 |
| | | | | | | | | | |
| | Mellon Capital Management Corp. | | Mellon EB Daily Liquidity Aggregate Bond Index Fd | | | | 14,096,841 |
| | Mellon Capital Management Corp. | | Mellon EB Daily Market Completion Fund | | | | 13,696,957 |
| | Mellon Capital Management Corp. | | Daily Liquidity Stock Index Fund | | | | | 43,419,176 |
| | | | | Mellon Balanced 80/20 Fund | 71,212,974 |
| | | | | | | | | | |
| | State Street Global Advisor | | SSGA Index Plus Secs Lending Ser A Fund | | | | 44,344,320 |
| | Mellon Capital Management Corp. | | Mellon EB Daily Market Completion Fund | | | | 72,904,718 |
| | Frank Russell Trust Company | | Frank Russell Equity #1 Fund | | | | | | 129,173,572 |
| | | | | | | | | | |
| | Capital Auto Receivables Assettr2002-3 Asset Bkd Nt Cl A-3 | Corporate Fixed Income | 3.58% | 10/16/06 | | | | 1,230,090 |
| | Chase Cr Card Owner Tr V/R2003-6 Asset Bkd Ntser 6 Cl A | Corporate Fixed Income | 1.20% | 02/15/11 | | | | 1,626,561 |
| | Chase Manhattan Auto Owner Tr2000-A Asset Bkd Nt Cl A-4 | Corporate Fixed Income | 6.26% | 06/15/07 | | | | 643,009 |
| | Citibank Cr Card Issuance Tr2003-A5 Nt | Corporate Fixed Income | 2.50% | 04/07/08 | | | | 2,103,413 |
| | Citibank Cr Card Master Tr I1997-6 Partn Ctf Cl A 'Po,Sb' | Corporate Fixed Income | | 08/15/06 | | | | 1,191,389 |
| | Citigroup Incnt | | Corporate Fixed Income | 6.75% | 12/01/05 | | | | 928,863 |
| | Conseco Fin Securitizationscorp2000-1 Mfd Hsg Sr/Sub Passthrucl A-3 | Corporate Fixed Income | 7.30% | 05/01/31 | | | | 12,214 |
| | Cwmbs Inc Pass Thru Ctfschl Mtg Passthru Ctf 2001-Hyb1 | Corporate Fixed Income | 3.16% | 06/19/31 | | | | 159,203 |
| | Daimlerchrysler Auto Tr2000-D Asset Backed Nt Cl A-4 | Corporate Fixed Income | 6.70% | 03/08/06 | | | | 1,681,416 |
| | Daimlerchrysler Auto Tr2000-E Asset Bkd Nt Cl A-4 | Corporate Fixed Income | 6.16% | 01/08/06 | | | | 1,238,320 |
| | Deutsche Mortgage & Asset Receivingabs/Ser 1998-C1 Cl A-1 | Corporate Fixed Income | 6.22% | 06/15/31 | | | | 134,971 |
| | First Rep Mtg Ln Tr V/Rcmo/Ser 2000 Cl-A2 | Corporate Fixed Income | 3.85% | 06/25/30 | | | | 262,189 |
| | Ford Cr Auto Owner Tr2001-C Asset Bkd Nt Cl A-4 | Corporate Fixed Income | 4.83% | 02/15/05 | | | | 264,311 |
| | General Elec Cap Corp M/T/Nser-A | | Corporate Fixed Income | 9.83% | 12/15/08 | | | | 224,412 |
S-2
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Gmac Coml Mtg Sec Inc2003-C1 Mtg Passthru Ctf Cl | Corporate Fixed Income | 2.02% | 05/10/36 | | | | 972,741 |
| | Gs Mtg Secs Corp Ii V/Rcoml Mtg Passthru 2003-C1 Cl | Corporate Fixed Income | 1.08% | 01/10/40 | | | | 987,574 |
| | Ifc Sbap 97-1A V/R | | Corporate Fixed Income | | 01/15/24 | | | | 525,671 |
| | Internatl Bk For Re Dev6.0152 | | Corporate Fixed Income | 6.02% | 06/21/04 | | | | 536,863 |
| | Lb-Ubs Coml Mtg Tr | | Corporate Fixed Income | 1.36% | 04/15/37 | | | | 930,241 |
| | Missouri Higher Ed Ln Auth Student Lnrevt-Bill Fltg Rate Nts-Ptaxable Call | Corporate Fixed Income | | 07/25/08 | | | | 525,778 |
| | Nissan Auto Receivables 2001-Bowner Trasset Bkd Nt Cl A-4 | Corporate Fixed Income | 5.35% | 10/15/06 | | | | 1,446,574 |
| | Nissan Auto Receivables 2001-Cowner Trasset Backed Nt Cl A-3 | Corporate Fixed Income | 4.31% | 05/16/05 | | | | 260,542 |
| | Nissan Auto Receivables 2001-Cowner Trser 2001-C Cl A4 | Corporate Fixed Income | 4.80% | 02/15/07 | | | | 1,864,784 |
| | Nissan Auto Receivables 2002 Aowner Trasset Backed Nt Cl A-3 | Corporate Fixed Income | 3.58% | 09/15/05 | | | | 910,285 |
| | Nissan Auto Receivables 2002 Bowner Trasset Backed Nt Cl A-3 | Corporate Fixed Income | 3.99% | 12/15/05 | | | | 1,370,158 |
| | Residential Accredit Lns Incmtg Pass Thru Ctfa-1-Fixed Rt122001 | Corporate Fixed Income | 6.00% | 12/25/16 | | | | 426,491 |
| | Sears Cr Account Master Tr Iictf Ser 1998-2 Cl A | Corporate Fixed Income | 5.25% | 10/16/08 | | | | 624,763 |
| | Sears Cr Account Master Tr Iiser 2000-4 Tr Ctf Cl A Fltg | Corporate Fixed Income | 1.44% | 10/18/11 | | | | 1,456,553 |
| | Sequoia Mtg Tr 2Coll Mtg Bond Cl A-1 | Corporate Fixed Income | 2.35% | 10/25/24 | | | | 754,676 |
| | Slm Corp M/T/N | | Corporate Fixed Income | 5.63% | 04/10/07 | | | | 65,020 |
| | Slm Student Ln Tr2002-1 Ln-Bkd Nt Cl A-1 Fltg | Corporate Fixed Income | 1.15% | 10/25/10 | | | | 1,864,175 |
| | State Str Cap Tr Iigtd Med Term Cap Secs Fltg | Corporate Fixed Income | | 02/15/08 | | | | 326,034 |
| | Tms Sba Ln Tr V/R1997-1A | | Corporate Fixed Income | 6.50% | 01/15/25 | | | | 332,620 |
| | Tms Sba Ln Tr1996-2 Sba Ln Bkd Ctf Cl A Adja-Var Rate122096 | Corporate Fixed Income | 4.23% | 04/15/24 | | | | 388,782 |
| | Tms Sba Ln Tr1997-1 Sba Ln Bkd Ctf Cl Badj Rate | Corporate Fixed Income | 6.02% | 01/15/25 | | | | 233,120 |
| | Tyco Intl Grp Sa | | Corporate Fixed Income | 6.38% | 06/15/05 | | | | 394,688 |
| | Union Planters Mtg Fin Corpser 1999-1 Mtg Passthru Ctf Cla-1 | Corporate Fixed Income | 6.25% | 04/01/29 | | | | 248,732 |
| | Virginia Elec & Pwr Co | | Corporate Fixed Income | 5.75% | 03/31/06 | | | | 497,876 |
S-3
2003
Form 5500, Schedule H, Part IV, Line 4I
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Wachovia Asset Securitization2002-1 Tr2002-1 Mtg Passthru Ctf Cl | Corporate Fixed Income | 6.25% | 10/25/33 | | | | 249,353 |
| | Washington Mut Mtg Secs Corp2001-9 Mtg Passthru Ctf Cl 1A1Rate | Corporate Fixed Income | 6.76% | 04/25/28 | | | | 239,705 |
| | Washington Mut Mtg Secs Corp2002-Ar1 Msc Mtg Passthru Ctfvar Rate | Corporate Fixed Income | 3.72% | 11/25/30 | | | | 445,936 |
| | Washington Mut Mtg Secs Corp2002-Ms1 Mtg Passthru Ctf Clii-A-1-Fixed Rt | Corporate Fixed Income | 6.25% | 02/25/32 | | | | 575,590 |
| | Abn Amro Mtg Corp2002-3 Mc Mtg Passthru Ctfa-4-Fixed Rt032202 | Corporate Fixed Income | 6.50% | 04/25/17 | | | | 53,527 |
| | Alcan Incnt | | Corporate Fixed Income | 6.13% | 12/15/33 | | | | 50,305 |
| | American Gen Corptr Pfd Secs-Trups | | Corporate Fixed Income | 8.50% | 07/01/30 | | | | 45,506 |
| | Anadarko Fin Cosr Nt | | Corporate Fixed Income | 7.50% | 05/01/31 | | | | 105,433 |
| | Aol Time Warner Inc | | Corporate Fixed Income | 7.63% | 04/15/31 | | | | 167,297 |
| | Bank Amer Corp | | Corporate Fixed Income | 7.40% | 01/15/11 | | | | 187,653 |
| | Bank Amer Corpbank Amer Corpsr Nt | Corporate Fixed Income | 4.38% | 12/01/10 | | | | 75,189 |
| | Bankamerica Corp Deb | | Corporate Fixed Income | 5.88% | 02/15/09 | | | | 120,527 |
| | Bear Stearns Cos Incbear Stearns Cos Incglobal Nt Dtd 01/15/2002 | Corporate Fixed Income | 5.70% | 01/15/07 | | | | 65,067 |
| | Bristol-Meyer Squibb | | Corporate Fixed Income | 6.88% | 08/01/97 | | | | 54,720 |
| | British Telecommunicationsp L Cnt | | Corporate Fixed Income | 8.88% | 12/15/30 | | | | 91,532 |
| | Canadian Pac Ry Co Newnt | | Corporate Fixed Income | 6.25% | 10/15/11 | | | | 82,425 |
| | Chase Coml Mtg Secs Corp1999-2 Coml Mtg Passthru Ctfcl A-2 | Corporate Fixed Income | 7.20% | 01/15/32 | | | | 288,935 |
| | Chase Manhattan Auto Owner Tr2000-A Asset Bkd Nt Cl A-4 | Corporate Fixed Income | 6.26% | 06/15/07 | | | | 392,950 |
| | Chrysler Corp | | Corporate Fixed Income | 7.45% | 03/01/27 | | | | 106,421 |
| | Citibank Cr Card Issuance Tr2003 A-6 Nt | Corporate Fixed Income | 2.90% | 05/17/10 | | | | 488,884 |
| | Citigroup Inc | | Corporate Fixed Income | 5.75% | 05/10/06 | | | | 462,779 |
| | Citigroup Inc | | Corporate Fixed Income | 5.88% | 02/22/33 | | | | 137,594 |
| | Citigroup Incglobal Sr Nt Dtd 01/31/2003 | Corporate Fixed Income | 3.50% | 02/01/08 | | | | 100,375 |
| | Citigroup Incglobal Sub Nt | | Corporate Fixed Income | 6.00% | 10/31/33 | | | | 49,995 |
| | Citigroup Incglobal Sub Nt Dtd 10/11/2000 | Corporate Fixed Income | 7.25% | 10/01/10 | | | | 145,695 |
| | Comcast Cable Communications | | Corporate Fixed Income | 6.38% | 01/30/06 | | | | 80,741 |
| | Comcast Corp Newnt | | Corporate Fixed Income | 5.50% | 03/15/11 | | | | 171,504 |
| | Comcast Corp Newnt | | Corporate Fixed Income | 7.05% | 03/15/33 | | | | 190,367 |
| | Conoco Funding Co 6.35 15Oct2011 | | Corporate Fixed Income | 6.35% | 10/15/11 | | | | 33,635 |
S-4
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Conoco Inc Usd | | Corporate Fixed Income | 6.95% | 04/15/29 | | | | 221,138 |
| | Conocophillipsnt | | Corporate Fixed Income | 5.90% | 10/15/32 | | | | 35,093 |
| | Consolidated Nat Gas Cosr Nt | | Corporate Fixed Income | 5.00% | 03/01/14 | | | | 24,847 |
| | Continental Airls Pass Thrutrspassthru Ctf Ser 1999-1 Cl A | Corporate Fixed Income | 6.55% | 08/02/20 | | | | 85,783 |
| | Continental Cablevision Inc Sr Nt | | Corporate Fixed Income | 8.30% | 05/15/06 | | | | 50,453 |
| | Cox Communications Inc Newnt Dtd 05/27/2003 | Corporate Fixed Income | 4.63% | 06/01/13 | | | | 24,103 |
| | Credit Suisse First Boston Mtgsecs Corpcoml Mtg Passthru Ctf 1998-C2Cl A-2 | Corporate Fixed Income | 6.30% | 11/11/30 | | | | 365,832 |
| | Credit Suisse First Boston Usaincnt | | Corporate Fixed Income | 6.13% | 11/15/11 | | | | 59,880 |
| | Credit Suisse First Boston Usaincsr Nt Dtd 01/15/2004 | Corporate Fixed Income | 3.88% | 01/15/09 | | | | 99,881 |
| | Daimler Chrysler North Amerhldg Corpnt | Corporate Fixed Income | 4.75% | 01/15/08 | | | | 122,777 |
| | Daimlerchrysler Auto Tr2001-C Asset Bkd Nt Cl A-4 | Corporate Fixed Income | 4.63% | 12/06/06 | | | | 411,187 |
| | Daimlerchrysler North Amerhldg Corp | Corporate Fixed Income | 6.50% | 11/15/13 | | | | 84,273 |
| | Daimlerchrysler North Amerhldg Corp | Corporate Fixed Income | 4.05% | 06/04/08 | | | | 198,638 |
| | Depfa Acs Bkasset Covered Secs | | Corporate Fixed Income | 3.63% | 10/29/08 | | | | 300,054 |
| | Deutsche Alt-A Secs Incalternative Ln Tr2003-3 Mtg Passthru Ctf Cl 1A1 | Corporate Fixed Income | 5.50% | 10/25/33 | | | | 390,943 |
| | Deutsche Telekom Int 8.25 15Jun2005Gtd Nt | Corporate Fixed Income | 8.25% | 06/15/05 | | | | 54,238 |
| | Deutsche Telekom Intl Fin B Vgtd Nt | | Corporate Fixed Income | 8.50% | 06/15/10 | | | | 48,365 |
| | Deutsche Telekom Intl Fin B Vgtd Nt | | Corporate Fixed Income | 8.75% | 06/15/30 | | | | 166,066 |
| | Devon Energy Corp | | Corporate Fixed Income | 7.95% | 04/15/32 | | | | 48,230 |
| | Diageo Fin Bvnt | | Corporate Fixed Income | 3.00% | 12/15/06 | | | | 65,340 |
| | Dlj Coml Mtg Corpcoml Mtg Passthru Ctf 1998-Cf1Cl A-1B | Corporate Fixed Income | 6.41% | 02/18/31 | | | | 110,519 |
| | Dominion Res Inc Del | | Corporate Fixed Income | 5.13% | 12/15/09 | | | | 52,190 |
| | Dominion Res Inc Delsr Nt Ser E | | Corporate Fixed Income | 6.75% | 12/15/32 | | | | 37,415 |
| | Dow Chem Codeb Fltg Rate | | Corporate Fixed Income | 5.97% | 01/15/09 | | | | 53,790 |
| | Dow Chemical | | Corporate Fixed Income | 6.00% | 10/01/12 | | | | 73,685 |
| | Dow Chemical Co 7.375 01Nov29 | | Corporate Fixed Income | 7.38% | 11/01/29 | | | | 117,406 |
| | Dte Energy Cont Dtd 05/30/2001 | | Corporate Fixed Income | 6.45% | 06/01/06 | | | | 145,927 |
| | Exelon Corp | | Corporate Fixed Income | 6.75% | 05/01/11 | | | | 27,923 |
| | Firstenergy Corpnt Ser C | | Corporate Fixed Income | 7.38% | 11/15/31 | | | | 56,264 |
| | Ford Cr Auto Owner Tr2001-C Asset Bkd Nt Cl A-4 | Corporate Fixed Income | 4.83% | 02/15/05 | | | | 88,104 |
S-5
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Fund Amern Cos Incgtd Sr Nt | | Corporate Fixed Income | 5.88% | 05/15/13 | | | | 111,333 |
| | General Elec Cap Corp M/T/N | | Corporate Fixed Income | 6.13% | 02/22/11 | | | | 247,527 |
| | General Elec Cap Corp M/T/Nterm Nts Book Entrytranche # Tr 00521 | Corporate Fixed Income | 5.88% | 02/15/12 | | | | 510,497 |
| | General Elec Cap Corp M/T/Nterm Nts Book Entrytranche # Tr 00528 | Corporate Fixed Income | 6.75% | 03/15/32 | | | | 27,678 |
| | General Mls Incnt | | Corporate Fixed Income | 5.13% | 02/15/07 | | | | 58,424 |
| | General Mtrs Accep Corp | | Corporate Fixed Income | 7.75% | 01/19/10 | | | | 45,342 |
| | General Mtrs Accep Corpgeneral Mtrs Accep Corpglobal Bdfor Issue Dtd 03/15/1996 See | Corporate Fixed Income | 7.25% | 03/02/11 | | | | 246,850 |
| | Gmac Comm Mtg Sec Inc | | Corporate Fixed Income | 6.95% | 09/15/33 | | | | 481,791 |
| | Gmac Commercial Mortgage Secur | | Corporate Fixed Income | 6.18% | 05/15/33 | | | | 193,139 |
| | Goldman Sachs Group Inc | | Corporate Fixed Income | 6.88% | 01/15/11 | | | | 130,595 |
| | Goldman Sachs Group Inc M/T/N | | Corporate Fixed Income | 7.35% | 10/01/09 | | | | 23,326 |
| | Goldman Sachs Grp Inc | | Corporate Fixed Income | 5.25% | 10/15/13 | | | | 277,640 |
| | Goldman Sachs Inc | | Corporate Fixed Income | 6.60% | 01/15/12 | | | | 33,526 |
| | Gs Mtg Secs Corp Iicoml Mtg Passthru Ctf 1998-C1A-3-Fixed Rt102698 | Corporate Fixed Income | 6.14% | 10/18/30 | | | | 360,961 |
| | Heller Finl Coml Mtg Asset Corpmtg Passthru Ctf Ser 1999-Ph-1 Cl-A2 | Corporate Fixed Income | 6.85% | 05/15/31 | | | | 254,863 |
| | Household Fin Corp Nt | | Corporate Fixed Income | 6.45% | 02/01/09 | | | | 44,446 |
| | Household Fin Corpglobal Ntacquired By Household Intl Inc06/26/1981 | Corporate Fixed Income | 4.75% | 07/15/13 | | | | 165,340 |
| | Household Fin Corpnt Dtd 05/22/2002Acquired By Household Intl Inc06/26/1981 | Corporate Fixed Income | 7.00% | 05/15/12 | | | | 193,863 |
| | Household Fin Corpnt Dtd 05/22/2002Acquired By Household Intl Inc06/26/1981 | Corporate Fixed Income | 7.63% | 05/17/32 | | | | 30,227 |
| | Household Fin Corpntacquired By Household Intl Inc06/26/1981 | Corporate Fixed Income | 6.38% | 10/15/11 | | | | 126,636 |
| | Household Finance Corp | | Corporate Fixed Income | 5.88% | 02/01/09 | | | | 152,034 |
| | J P Morgan Chase & Co | | Corporate Fixed Income | 3.63% | 05/01/08 | | | | 145,291 |
| | J P Morgan Chase & Coglobal Nt Dtd 01/30/2001 | Corporate Fixed Income | 6.75% | 02/01/11 | | | | 84,569 |
| | J P Morgan Chase & Cosr Nt | | Corporate Fixed Income | 4.50% | 11/15/10 | | | | 55,437 |
| | J P Morgan Chase Coml Mtg Secscorp2001-Cibc2 Coml Mtg Passthru | Corporate Fixed Income | 6.43% | 04/15/35 | | | | 384,678 |
| | Kellogg Cont Dtd 03/29/2001 Ser B | | Corporate Fixed Income | 6.60% | 04/01/11 | | | | 84,052 |
S-6
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Kinder Morgan Energy Partnersl Psr Nt | Corporate Fixed Income | 7.30% | 08/15/33 | | | | 96,585 |
| | Kinder Morgan Energy Partnersl Psr Nt | Corporate Fixed Income | 5.00% | 12/15/13 | | | | 39,472 |
| | Kraft Foods Incglobal Nt Dtd 11/02/2001 | Corporate Fixed Income | 5.63% | 11/01/11 | | | | 305,559 |
| | Kraft Foods Incnt | | Corporate Fixed Income | 5.25% | 06/01/07 | | | | 90,432 |
| | Kroger Cont | | Corporate Fixed Income | 7.50% | 04/01/31 | | | | 86,420 |
| | Lehman Brothers Hldgs Inc | | Corporate Fixed Income | 7.00% | 02/01/08 | | | | 28,236 |
| | Lehman Brothers Hldgs Inclehman Brothers Hldgs Incglobal Nt | Corporate Fixed Income | 6.25% | 05/15/06 | | | | 108,640 |
| | Lockheed Martin | | Corporate Fixed Income | 7.20% | 05/01/36 | | | | 183,791 |
| | Lockheed Martin Corp 8.50 01Dec2029 | Corporate Fixed Income | 8.50% | 12/01/29 | | | | 32,759 |
| | Mastr Asset Securitization Tr2002-6 Mtg Passthru Ctf Cl2-A-1-Fixed Rt092602 | Corporate Fixed Income | 5.75% | 10/25/17 | | | | 137,962 |
| | Morgan Stanley | | Corporate Fixed Income | 5.80% | 04/01/07 | | | | 81,524 |
| | Morgan Stanley Cap I Incmorgan Stanley Cap I Inccoml Mtg Passthru Ctf 98-Hf2Cl A-2 | Corporate Fixed Income | 6.48% | 11/15/30 | | | | 211,584 |
| | Morgan Stanley Co | | Corporate Fixed Income | 6.75% | 04/15/11 | | | | 101,828 |
| | Morgan Stanley Coglobal Nt Dtd 4/25/2001 | Corporate Fixed Income | 6.10% | 04/15/06 | | | | 108,212 |
| | News Amer Hldgs Inc Sr Deb | | Corporate Fixed Income | 7.75% | 01/20/24 | | | | 46,882 |
| | News Amer Hldgs Inc Sr Nt | | Corporate Fixed Income | 8.88% | 04/26/23 | | | | 32,049 |
| | Northrop Grumman 7.875 01Mar2026 | Corporate Fixed Income | 7.88% | 03/01/26 | | | | 90,642 |
| | Northrop Grumman Corpnt | | Corporate Fixed Income | 7.13% | 02/15/11 | | | | 63,612 |
| | Occidental Pete Corpsr Nt | | Corporate Fixed Income | 8.45% | 02/15/29 | | | | 58,991 |
| | Oncor Elec Delivery Co | | Corporate Fixed Income | 7.00% | 05/01/32 | | | | 55,158 |
| | Oncor Elec Delivery Cosr Secd Nt | | Corporate Fixed Income | 7.25% | 01/15/33 | | | | 45,503 |
| | Protective Life Secd Trs Secd M/T/N | | Corporate Fixed Income | 3.70% | 11/24/08 | | | | 104,666 |
| | Raytheon Cont Dtd 11/15/2002 | | Corporate Fixed Income | 4.50% | 11/15/07 | | | | 40,556 |
| | Sears Cr Account Master Tr Ii2002-5 Tr Ctf Cl A Fltg Rate | Corporate Fixed Income | 1.47% | 11/17/09 | | | | 775,595 |
| | Slm Corp M/T/Nentrytranche # Tr 00024 | Corporate Fixed Income | 5.63% | 08/01/33 | | | | 123,325 |
| | Slm Student Ln Tr V/R2003-3 Ln Bkd Ctf Cl A-2 | Corporate Fixed Income | 1.19% | 06/15/10 | | | | 528,540 |
| | Slm Student Ln Tr2001-3 Ln Bkd Nt Cl A-1L Fltg | Corporate Fixed Income | 3.74% | 04/25/10 | | | | 37,555 |
S-7
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Slm Student Ln Tr2002-1 Ln-Bkd Nt Cl A-1 Fltg | Corporate Fixed Income | 1.15% | 10/25/10 | | | | 132,564 |
| | Slm Student Ln Tr2003-2 Ln Bkd Ctf Cl A-2 | Corporate Fixed Income | 1.20% | 12/17/12 | | | | 550,059 |
| | Structured Asset Secs Corp *Pp*2003-Al2 Asset Bkd Ctf Cl A144A | Corporate Fixed Income | 3.36% | 01/25/31 | | | | 466,878 |
| | Structured Asset Secs Corpcoml Mtg Passthru Ctf 97-Lli Cl A2'Seq Payer' | Corporate Fixed Income | 6.84% | 10/12/34 | | | | 905,923 |
| | Suncor Energy Incnt Dtd 11/24/2003Formerly Suncor Inc To04/17/1997 | Corporate Fixed Income | 5.95% | 12/01/34 | | | | 34,743 |
| | Swedish Expt Cr Corp-Ab Svensk-Medium Term Nts Book Entry-Tranche # Tr 00052 | Corporate Fixed Income | 2.88% | 01/26/07 | | | | 125,618 |
| | Tci Communications Inc Deb | | Corporate Fixed Income | 7.88% | 02/15/26 | | | | 29,229 |
| | Tci Communications Inc Deb | | Corporate Fixed Income | 7.13% | 02/15/28 | | | | 27,112 |
| | Time Warner Companies Incdeb | | Corporate Fixed Income | 7.57% | 02/01/24 | | | | 243,135 |
| | Tyco Intl Group S A 6.375 15Feb2006 | Corporate Fixed Income | 6.38% | 02/15/06 | | | | 31,950 |
| | Tyco Intl Group S Ant | | Corporate Fixed Income | 5.80% | 08/01/06 | | | | 52,875 |
| | Tyco Intl Group Sa | | Corporate Fixed Income | 6.38% | 10/15/11 | | | | 64,125 |
| | Tyco Intl Grp Sa | | Corporate Fixed Income | 6.38% | 06/15/05 | | | | 89,463 |
| | U S Bancorp M/T/N | | Corporate Fixed Income | 3.95% | 08/23/07 | | | | 25,723 |
| | Ubs Pfd Fdg Tr Itr Pfd Secs8.622% To 10/10 Thereafter V/R | Corporate Fixed Income | 8.62% | 10/29/49 | | | | 240,361 |
| | Verizon Global Fdg Corpnt | | Corporate Fixed Income | 7.75% | 12/01/30 | | | | 117,471 |
| | Verizon Pennsylvania | | Corporate Fixed Income | 5.65% | 11/15/11 | | | | 319,893 |
| | Virginia Elec & Pwr Co | | Corporate Fixed Income | 5.75% | 03/31/06 | | | | 214,140 |
| | Virginia Elec & Pwr Covirginia Elec & Pwr Cosr Nt Ser C | Corporate Fixed Income | 5.25% | 12/15/15 | | | | 25,086 |
| | Vodafone Group Plc New | | Corporate Fixed Income | 5.00% | 12/16/13 | | | | 273,864 |
| | Wal Mart Stores Incnt Dtd 08/15/2000 | Corporate Fixed Income | 7.55% | 02/15/30 | | | | 73,841 |
| | Washington Mut Mtg Secs Corp2002-Ms12 Mtg Passthru Ctf Cla-Fixed Rt121802 | Corporate Fixed Income | 6.50% | 05/25/32 | | | | 64,030 |
| | Wells Fargo Bk N A | | Corporate Fixed Income | 7.80% | 06/15/10 | | | | 107,930 |
| | Weyerhaeuser Codeb | | Corporate Fixed Income | 6.88% | 12/15/33 | | | | 97,630 |
| | Federal Home Loan Bank Discount | | Government Agencies | | 01/14/04 | | | | 1,443,952 |
| | Federal Home Ln Mtg Corpcmo/Ser 2654 Cl-Ob | Government Assets And Mortgage Backed | 5.00% | 03/15/18 | | | | 1,346,051 |
| | Federal Home Ln Mtg Corpmulticlass Mtg Partn Ctfs Gtd1385-H-Fixed Rt082492 | Government Assets And Mortgage Backed | 6.50% | 08/15/07 | | | | 256,027 |
S-8
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Federal Home Ln Mtg Corpmulticlass Mtg Partn Ctfs Gtd1385-H-Fixed Rt082492 | Government Assets And Mortgage Backed | 6.50% | 08/15/07 | | | | 256,027 |
| | Federal Natl Mtg Assn Gtd Remiccmo/Ser 2002-14 Cl-T-6 | Government Assets And Mortgage Backed | 3.31% | 02/25/32 | | | | 483,880 |
| | Federal Nat'L Mtge Assn Pool # 57375 | Government Assets And Mortgage Backed | 7.25% | 04/01/09 | | | | 109,401 |
| | Federal Nat'L Mtge Assn Pool # 86643 | Government Assets And Mortgage Backed | 5.32% | 06/01/29 | | | | 7,826 |
| | Federal Nat'L Mtge Assn Pool # 251904 | Government Assets And Mortgage Backed | 6.00% | 08/01/08 | | | | 289,678 |
| | Federal Nat'L Mtge Assn Pool # 252317 | Government Assets And Mortgage Backed | 5.50% | 02/01/09 | | | | 470,983 |
| | Federal Nat'L Mtge Assn Pool # 303567 | Government Assets And Mortgage Backed | 5.50% | 07/01/09 | | | | 510,672 |
| | Federal Nat'L Mtge Assn Pool # 313179 | Government Assets And Mortgage Backed | 6.00% | 09/01/11 | | | | 1,133,689 |
| | Federal Nat'L Mtge Assn Pool # 313829 | Government Assets And Mortgage Backed | 6.50% | 01/01/11 | | | | 395,283 |
| | Federal Nat'L Mtge Assn Pool # 323290 | Government Assets And Mortgage Backed | 6.00% | 09/01/13 | | | | 504,223 |
| | Federal Nat'L Mtge Assn Pool # 323395 | Government Assets And Mortgage Backed | 6.00% | 05/01/13 | | | | 312,446 |
| | Federal Nat'L Mtge Assn Pool # 323952 | Government Assets And Mortgage Backed | 6.00% | 07/01/09 | | | | 677,908 |
| | Federal Nat'L Mtge Assn Pool # 460770 | Government Assets And Mortgage Backed | 3.61% | 12/01/09 | | | | 941,381 |
| | Federal Nat'L Mtge Assn Pool # 482862 | Government Assets And Mortgage Backed | 6.00% | 02/01/14 | | | | 614,208 |
| | Federal Nat'L Mtge Assn Pool # 483324 | Government Assets And Mortgage Backed | 6.00% | 04/01/14 | | | | 764,821 |
| | Federal Nat'L Mtge Assn Pool # 484751 | Government Assets And Mortgage Backed | 6.00% | 03/01/14 | | | | 443,202 |
| | Federal Nat'L Mtge Assn Pool # 489421 | Government Assets And Mortgage Backed | 6.00% | 03/01/14 | | | | 672,095 |
| | Federal Nat'L Mtge Assn Pool # 537950 | Government Assets And Mortgage Backed | 3.59% | 02/01/24 | | | | 841,828 |
| | Federal Nat'L Mtge Assn Pool # 542141 | Government Assets And Mortgage Backed | 3.51% | 08/01/22 | | | | 405,093 |
| | Federal Nat'L Mtge Assn Pool # 545036 | Government Assets And Mortgage Backed | 6.00% | 12/01/10 | | | | 370,318 |
| | Federal Nat'L Mtge Assn Pool # 545142 | Government Assets And Mortgage Backed | 6.00% | 11/01/10 | | | | 751,953 |
| | Federal Nat'L Mtge Assn Pool # 545828 | Government Assets And Mortgage Backed | 6.00% | 12/01/14 | | | | 650,615 |
S-9
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Federal Nat'L Mtge Assn Pool # 545828 | Government Assets And Mortgage Backed | 6.00% | 12/01/14 | | | | 650,615 |
| | Federal Nat'L Mtge Assn Pool # 555255 | Government Assets And Mortgage Backed | 6.25% | 04/01/40 | | | | 901,040 |
| | Federal Nat'L Mtge Assn Pool # 675970 | Government Assets And Mortgage Backed | 5.18% | 10/01/32 | | | | 922,256 |
| | Federal Nat'L Mtge Assn Pool # 0323331 | Government Assets And Mortgage Backed | 6.50% | 11/01/08 | | | | 507,365 |
| | Fed'L Home Loan Mtge Corp Grp # 775626 | Government Assets And Mortgage Backed | 4.40% | 09/01/23 | | | | 530,534 |
| | Fed'L Home Loan Mtge Corp Grp # E65216 | Government Assets And Mortgage Backed | 6.00% | 07/01/10 | | | | 622,474 |
| | Fed'L Home Loan Mtge Corp Grp # E65283 | Government Assets And Mortgage Backed | 6.00% | 06/01/09 | | | | 310,748 |
| | Fed'L Home Loan Mtge Corp Grp # E69338 | Government Assets And Mortgage Backed | 6.00% | 03/01/13 | | | | 153,813 |
| | Fed'L Home Loan Mtge Corp Grp # E70007 | Government Assets And Mortgage Backed | 6.00% | 04/01/13 | | | | 151,106 |
| | Fed'L Home Loan Mtge Corp Grp # E70008 | Government Assets And Mortgage Backed | 6.00% | 04/01/13 | | | | 172,678 |
| | Fed'L Home Loan Mtge Corp Grp # E70052 | Government Assets And Mortgage Backed | 6.00% | 01/01/09 | | | | 287,073 |
| | Fed'L Home Loan Mtge Corp Grp # E73239 | Government Assets And Mortgage Backed | 6.00% | 11/01/13 | | | | 176,124 |
| | Fed'L Home Loan Mtge Corp Grp # 788612 | Government Assets And Mortgage Backed | 7.33% | 03/01/31 | | | | 78,175 |
| | Fed'L Home Loan Mtge Corp Grp # E00247 | Government Assets And Mortgage Backed | 5.50% | 10/01/08 | | | | 477,503 |
| | Fed'L Home Loan Mtge Corp Grp # E00540 | Government Assets And Mortgage Backed | 6.00% | 03/01/13 | | | | 158,482 |
| | Fed'L Home Loan Mtge Corp Grp # E00565 | Government Assets And Mortgage Backed | 6.00% | 08/01/13 | | | | 614,795 |
| | Fed'L Home Loan Mtge Corp Grp # E00584 | Government Assets And Mortgage Backed | 6.00% | 11/01/13 | | | | 304,438 |
| | Fed'L Home Loan Mtge Corp Grp # E00677 | Government Assets And Mortgage Backed | 6.00% | 06/01/14 | | | | 244,616 |
| | Fed'L Home Loan Mtge Corp Grp # E20193 | Government Assets And Mortgage Backed | 6.50% | 09/01/10 | | | | 85,418 |
| | Fed'L Home Loan Mtge Corp Grp # E71201 | Government Assets And Mortgage Backed | 5.50% | 07/01/13 | | | | 87,771 |
| | Fed'L Home Loan Mtge Corp Grp # E84812 | Government Assets And Mortgage Backed | 6.00% | 02/01/09 | | | | 406,005 |
| | Gov'T Nat'L Mgt Assn Pool# 412330 | Government Assets And Mortgage Backed | 7.00% | 09/15/12 | | | | 110,333 |
S-10
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Gov'T Nat'L Mtge Assn Pool # 326849 | Government Assets And Mortgage Backed | 7.00% | 12/15/07 | | | | 7,889 |
| | Gov'T Nat'L Mtge Assn Pool # 331394 | Government Assets And Mortgage Backed | 7.00% | 12/15/07 | | | | 71,716 |
| | Gov'T Nat'L Mtge Assn Pool # 335037 | Government Assets And Mortgage Backed | 7.00% | 10/15/07 | | | | 27,275 |
| | Gov'T Nat'L Mtge Assn Pool # 335606 | Government Assets And Mortgage Backed | 7.00% | 12/15/07 | | | | 107,233 |
| | Gov'T Nat'L Mtge Assn Pool # 345352 | Government Assets And Mortgage Backed | 7.00% | 09/15/08 | | | | 51,086 |
| | Gov'T Nat'L Mtge Assn Pool # 346815 | Government Assets And Mortgage Backed | 7.00% | 10/15/08 | | | | 157,053 |
| | Gov'T Nat'L Mtge Assn Pool # 359290 | Government Assets And Mortgage Backed | 7.00% | 09/15/08 | | | | 71,180 |
| | Gov'T Nat'L Mtge Assn Pool # 363744 | Government Assets And Mortgage Backed | 7.00% | 09/15/08 | | | | 142,472 |
| | Gov'T Nat'L Mtge Assn Pool # 368788 | Government Assets And Mortgage Backed | 7.00% | 10/15/08 | | | | 14,920 |
| | Gov'T Nat'L Mtge Assn Pool # 780487 | Government Assets And Mortgage Backed | 7.25% | 04/15/06 | | | | 65,989 |
| | Gov'T Nat'L Mtge Assn Pool # 780985 | Government Assets And Mortgage Backed | 6.00% | 12/15/08 | | | | 333,430 |
| | Gov'T Nat'L Mtge Assn Pool # 781284 | Government Assets And Mortgage Backed | 6.00% | 02/15/11 | | | | 447,933 |
| | F N M A Pool # 5359116.5% 5/1/31Held As Collateral At Merrill Lynch31384Wky5 | Government Assets And Mortgage Backed | 6.50% | 05/01/31 | | | | 52,090 |
| | Federal Natl Mtg Assn Remic Trcmo/Ser 1993-221 Cl-D 'Pac(11)' | Government Assets And Mortgage Backed | 6.00% | 12/25/08 | | | | 235,330 |
| | Federal Natl Mtg Assn Remic Trpass Thru Tr Ser 2003-87 Cl-Tj | Government Assets And Mortgage Backed | 4.50% | 09/25/18 | | | | 188,260 |
| | Federal Natl Mtg Assn Remic Trremic Pass Thru Trab-Rcr-Fixed Rt | Government Assets And Mortgage Backed | 6.00% | 11/25/29 | | | | 149,783 |
| | Federal Nat'L Mtge Assn Pool # 252345 | Government Assets And Mortgage Backed | 6.00% | 03/01/14 | | | | 229,007 |
| | Federal Nat'L Mtge Assn Pool # 254407 | Government Assets And Mortgage Backed | 7.00% | 08/01/32 | | | | 378,667 |
| | Federal Nat'L Mtge Assn Pool # 545556 | Government Assets And Mortgage Backed | 7.00% | 04/01/32 | | | | 75,518 |
| | Federal Nat'L Mtge Assn Pool # 545900 | Government Assets And Mortgage Backed | 5.50% | 07/01/17 | | | | 58,067 |
| | Federal Nat'L Mtge Assn Pool # 555531 | Government Assets And Mortgage Backed | 5.50% | 06/01/33 | | | | 177,363 |
S-11
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Federal Nat'L Mtge Assn Pool # 562319 | Government Assets And Mortgage Backed | 7.00% | 01/01/31 | | | | 5,820 |
| | Federal Nat'L Mtge Assn Pool # 575493 | Government Assets And Mortgage Backed | 5.50% | 04/01/17 | | | | 27,814 |
| | Federal Nat'L Mtge Assn Pool # 635064 | Government Assets And Mortgage Backed | 7.00% | 07/01/32 | | | | 76,778 |
| | Federal Nat'L Mtge Assn Pool # 647484 | Government Assets And Mortgage Backed | 7.00% | 06/01/32 | | | | 13,680 |
| | Federal Nat'L Mtge Assn Pool # 746452 | Government Assets And Mortgage Backed | 4.00% | 09/01/18 | | | | 96,965 |
| | Fed'L Home Loan Mtge Corp Grp # A11986 | Government Assets And Mortgage Backed | 5.00% | 08/01/33 | | | | 869,442 |
| | Fed'L Home Loan Mtge Corp Grp # A12429 | Government Assets And Mortgage Backed | 5.50% | 08/01/33 | | | | 48,181 |
| | Fed'L Home Loan Mtge Corp Grp # C49499 | Government Assets And Mortgage Backed | 6.50% | 04/01/31 | | | | 15,435 |
| | Fed'L Home Loan Mtge Corp Grp # C90213 | Government Assets And Mortgage Backed | 7.00% | 04/01/18 | | | | 59,289 |
| | Fed'L Home Loan Mtge Corp Grp # E00627 | Government Assets And Mortgage Backed | 5.50% | 02/01/14 | | | | 385,499 |
| | Fed'L Home Loan Mtge Corp Grp # E84752 | Government Assets And Mortgage Backed | 6.00% | 08/01/16 | | | | 29,163 |
| | Fed'L Home Loan Mtge Corp Grp # E88292 | Government Assets And Mortgage Backed | 6.00% | 03/01/17 | | | | 23,410 |
| | Fed'L Home Loan Mtge Corp Grp # E88978 | Government Assets And Mortgage Backed | 5.50% | 04/01/17 | | | | 205,127 |
| | Fed'L Home Loan Mtge Corp Grp # E89704 | Government Assets And Mortgage Backed | 6.00% | 05/01/17 | | | | 61,371 |
| | Fed'L Home Loan Mtge Corp Grp # E91724 | Government Assets And Mortgage Backed | 6.00% | 10/01/17 | | | | 477,050 |
| | Fed'L Home Loan Mtge Corp Grp # E91860 | Government Assets And Mortgage Backed | 5.50% | 10/01/17 | | | | 343,568 |
| | Fed'L Home Loan Mtge Corp Grp # G01391 | Government Assets And Mortgage Backed | 7.00% | 04/01/32 | | | | 297,027 |
| | Fed'L Home Loan Mtge Corp Grp # G01477 | Government Assets And Mortgage Backed | 6.00% | 12/01/32 | | | | 95,449 |
| | Fed'L Home Loan Mtge Corp Grp # G01534 | Government Assets And Mortgage Backed | 6.00% | 04/01/33 | | | | 1,551,881 |
| | Fed'L Home Loan Mtge Corp Grp # A13802 | Government Assets And Mortgage Backed | 5.00% | 09/01/33 | | | | 294,873 |
| | Fed'L Home Loan Mtge Corp Grp # E00975 | Government Assets And Mortgage Backed | 6.00% | 05/01/16 | | | | 8,756 |
| | Fed'L Home Loan Mtge Corp Grp # E01137 | Government Assets And Mortgage Backed | 6.00% | 03/01/17 | | | | 284,287 |
S-12
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Fed'L Home Loan Mtge Corp Grp # E01137 | Government Assets And Mortgage Backed | 6.00% | 03/01/17 | | | | 284,287 |
| | Fed'L Home Loan Mtge Corp Grp # E01139 | Government Assets And Mortgage Backed | 6.00% | 04/01/17 | | | | 38,434 |
| | Fed'L Home Loan Mtge Corp Grp # E01140 | Government Assets And Mortgage Backed | 6.00% | 05/01/17 | | | | 174,963 |
| | Fed'L Home Loan Mtge Corp Grp # E01388 | Government Assets And Mortgage Backed | 4.00% | 05/01/18 | | | | 191,621 |
| | Fed'L Home Loan Mtge Corp Grp # E88959 | Government Assets And Mortgage Backed | 6.00% | 04/01/17 | | | | 25,747 |
| | Fed'L Home Loan Mtge Corp Grp # E89092 | Government Assets And Mortgage Backed | 6.00% | 04/01/17 | | | | 95,918 |
| | Fed'L Home Loan Mtge Corp Grp # E91030 | Government Assets And Mortgage Backed | 6.00% | 08/01/17 | | | | 219,377 |
| | Fhlmc Tba 15Yr Gold Sfm 05.50% Jan | Government Assets And Mortgage Backed | 5.50% | 01/01/19 | | | | 310,781 |
| | Fhlmc Tba 15Yr Gold Sfm 06.00% Jan | Government Assets And Mortgage Backed | 6.00% | 01/01/17 | | | | (1,361,750) |
| | Fhlmc Tba 30Yr Gold Sfm 05.00% Jan | Government Assets And Mortgage Backed | 5.00% | 01/01/34 | | | | 394,750 |
| | Fhlmc Tba 30Yr Gold Sfm 06.50% Jan | Government Assets And Mortgage Backed | 6.50% | 01/01/34 | | | | 1,675,500 |
| | Fnma Tba 15Yr Sfm 05.00% Jan | | Government Assets And Mortgage Backed | 5.00% | 01/01/19 | | | | 1,529,531 |
| | Fnma Tba 15Yr Sfm 05.50% Jan | | Government Assets And Mortgage Backed | 5.50% | 01/01/19 | | | | 103,594 |
| | Fnma Tba 15Yr Sfm 06.00% Jan | | Government Assets And Mortgage Backed | 6.00% | 01/01/19 | | | | 1,362,969 |
| | Fnma Tba 15Yr Sfm 06.50% Jan | | Government Assets And Mortgage Backed | 6.50% | 01/25/19 | | | | 741,781 |
| | Fnma Tba 15Yr Sfm 07.00% Jan | | Government Assets And Mortgage Backed | 7.00% | 01/01/16 | | | | 427,500 |
| | Fnma Tba 30Yr Sfm 05.50% Jan | | Government Assets And Mortgage Backed | 5.50% | 01/01/33 | | | | 607,688 |
| | Fnma Tba 30Yr Sfm 06.50% Jan | | Government Assets And Mortgage Backed | 6.50% | 01/01/34 | | | | 1,045,625 |
| | Gov'T Nat'L Mtge Assn Pool # 499416 | Government Assets And Mortgage Backed | 6.00% | 02/15/29 | | | | 16,733 |
| | Gov'T Nat'L Mtge Assn Pool # 572394 | Government Assets And Mortgage Backed | 7.00% | 11/15/31 | | | | 27,402 |
| | Gov'T Nat'L Mtge Assn Pool # 572474 | Government Assets And Mortgage Backed | 6.50% | 12/15/31 | | | | 145,818 |
| | Gov'T Nat'L Mtge Assn Pool # 582386 | Government Assets And Mortgage Backed | 6.00% | 10/15/32 | | | | 77,435 |
S-13
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Gov'T Nat'L Mtge Assn Pool # 589206 | Government Assets And Mortgage Backed | 6.00% | 10/15/32 | | | | 23,439 |
| | Gov'T Nat'L Mtge Assn Pool # 590089 | Government Assets And Mortgage Backed | 5.50% | 07/15/33 | | | | 304,180 |
| | Gov'T Nat'L Mtge Assn Pool # 599742 | Government Assets And Mortgage Backed | 6.00% | 10/15/32 | | | | 17,735 |
| | Gov'T Nat'L Mtge Assn Pool # 781328 | Government Assets And Mortgage Backed | 7.00% | 09/15/31 | | | | 256,604 |
| | Gov'T Nat'L Mtge Assn Pool # 781496 | Government Assets And Mortgage Backed | 6.50% | 09/15/32 | | | | 262,806 |
| | Gov'T Nat'L Mtge Assn Pool # 781548 | Government Assets And Mortgage Backed | 7.00% | 11/15/32 | | | | 63,879 |
| | Small Business Admin Gtd Partnctfsser Sbic-Ps 2003-10 A | Government Assets And Mortgage Backed | 4.52% | 02/10/13 | | | | 480,766 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 3.50% | 04/01/08 | | | | 737,456 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 3.13% | 08/25/06 | | | | 1,820,250 |
| | Federal Home Ln Mtg Corp Debmedium Term Nts Fed Book Entrydtd 03/22/2002 | Government Fixed Income | | 03/22/06 | | | | 1,761,484 |
| | Federal Home Ln Mtg Corpmedium Term Nts Fed Book Entrytranche # Tr 00116 | Government Fixed Income | 4.75% | 12/08/10 | | | | 939,881 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 6.63% | 10/15/07 | | | | 1,888,563 |
| | Federal Natl Mtg Assn Deb | | Government Fixed Income | 5.75% | 02/15/08 | | | | 1,197,297 |
| | Federal Natl Mtg Assn M/T/N | | Government Fixed Income | 4.45% | 05/03/05 | | | | 1,517,813 |
| | U S Treas Nts | | Government Fixed Income | 2.00% | 08/31/05 | | | | 8,807,422 |
| | U S Treasury Bonds | | Government Fixed Income | 9.13% | 05/15/09 | | | | 334,547 |
| | U S Treasury Bonds | | Government Fixed Income | 10.38% | 11/15/09 | | | | 1,831,219 |
| | U S Treasury Bonds | | Government Fixed Income | 10.38% | 11/15/12 | | | | 2,928,277 |
| | U S Treasury Bondssca 11/15/00 | | Government Fixed Income | 10.00% | 05/15/10 | | | | 1,001,813 |
| | U S Treasury Nts | | Government Fixed Income | 2.00% | 11/30/04 | | | | 1,596,392 |
| | United States Treas Notes | | Government Fixed Income | 1.63% | 09/30/05 | | | | 1,124,648 |
| | United States Treas Nts | | Government Fixed Income | 5.88% | 11/15/04 | | | | 1,066,000 |
| | United States Treas Nts | | Government Fixed Income | 6.75% | 05/15/05 | | | | 11,241,886 |
| | United States Treas Nts | | Government Fixed Income | 5.75% | 11/15/05 | | | | 1,932,750 |
| | United States Treas Nts | | Government Fixed Income | 3.50% | 11/15/06 | | | | 12,585,906 |
| | United States Treas Nts | | Government Fixed Income | 1.63% | 04/30/05 | | | | 25,078 |
| | United States Treas Nts | | Government Fixed Income | 1.63% | 03/31/05 | | | | 1,083,713 |
| | United States Treas Nts | | Government Fixed Income | 1.25% | 05/31/05 | | | | 12,588,450 |
| | United States Treas Nts | | Government Fixed Income | 1.13% | 06/30/05 | | | | 462,530 |
| | United States Treas Nts | | Government Fixed Income | 1.63% | 10/31/05 | | | | 15,365,953 |
S-14
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | United States Treas Nts | | Government Fixed Income | 1.50% | 07/31/05 | | | | 5,246,719 |
| | United States Treas Ntsdtd 00041 | | Government Fixed Income | 1.88% | 11/30/05 | | | | 9,903,534 |
| | Federal Home Ln Bks Deb | | Government Fixed Income | 3.79% | 11/21/08 | | | | 651,016 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 7.00% | 03/15/10 | | | | 175,031 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 6.00% | 06/15/11 | | | | 549,450 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 4.38% | 02/04/10 | | | | 379,763 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 3.50% | 04/01/08 | | | | 348,797 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 3.88% | 11/10/08 | | | | 1,443,703 |
| | Federal Home Ln Mtg Corpdeb Dtd 09/12/2003 | Government Fixed Income | 3.63% | 09/15/08 | | | | 70,459 |
| | Federal Home Ln Mtg Corpdeb Dtd 09/22/2000 | Government Fixed Income | 6.88% | 09/15/10 | | | | 696,938 |
| | Federal Home Ln Mtg Corpmedium Term Nts Fed Book Entrypreassign 00090 | Government Fixed Income | 4.63% | 05/28/13 | | | | 269,672 |
| | Federal Home Ln Mtg Corpmedium Term Nts Fed Book Entrytranche # Tr 00116 | Government Fixed Income | 4.75% | 12/08/10 | | | | 798,394 |
| | Federal Home Ln Mtg Corpmedium Term Nts Fed Book Entrytranche # Tr 00186 | Government Fixed Income | 4.50% | 12/16/10 | | | | 1,299,188 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 7.13% | 03/15/07 | | | | 141,641 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 4.63% | 10/15/13 | | | | 138,994 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 4.38% | 07/17/13 | | | | 335,016 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 6.00% | 05/15/11 | | | | 1,324,583 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 7.25% | 01/15/10 | | | | 530,578 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 6.63% | 09/15/09 | | | | 228,688 |
| | Federal Natl Mtg Assn Deb | | Government Fixed Income | 6.63% | 11/15/10 | | | | 258,539 |
| | Federal Natl Mtg Assn Deb | | Government Fixed Income | 5.75% | 02/15/08 | | | | 873,258 |
| | Federal Natl Mtg Assnfederal Natl Mtg Assnpreassign 00027Issues Dated 4/1/1996 & After | Government Fixed Income | 7.13% | 06/15/10 | | | | 764,156 |
| | Federal Natl Mtg Assnfederal Natl Mtg Assnpreassign 00277Issues Dated 4/1/1996 & After | Government Fixed Income | 1.75% | 06/16/06 | | | | 182,167 |
| | Federal Natl Mtg Assnfederal Natl Mtg Assnpreassign 00302Issues Dated 4/1/1996 & After | Government Fixed Income | 3.75% | 09/15/08 | | | | 559,650 |
| | Resolution Fdg Corp Fed Bookentry Cpn Stripsgeneric Int Pmt | Government Fixed Income | | 10/15/18 | | | | 33,448 |
| | Resolution Fdg Corp Fed Bookentry Cpn Stripsgeneric Int Pmtbd | Government Fixed Income | | 07/15/18 | | | | 34,054 |
S-15
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Resolution Fdg Corp Fed Bookentry Cpn Stripsgeneric Int Pmtbd | Government Fixed Income | | 07/15/18 | | | | 34,054 |
| | U S Treas Nts | | Government Fixed Income | 3.25% | 08/15/07 | | | | 102,000 |
| | U S Treas Nts | | Government Fixed Income | 2.00% | 08/31/05 | | | | 2,154,044 |
| | U S Treasury Bd Stripped | | Government Fixed Income | | 02/15/23 | | | | 135,659 |
| | U S Treasury Bd Stripped | | Government Fixed Income | | 11/15/22 | | | | 535,972 |
| | U S Treasury Bonds | | Government Fixed Income | 8.50% | 02/15/20 | | | | 523,711 |
| | U S Treasury Bonds | | Government Fixed Income | 6.25% | 08/15/23 | | | | 1,025,719 |
| | U S Treasury Bonds | | Government Fixed Income | 6.00% | 02/15/26 | | | | 171,905 |
| | U S Treasury Bonds | | Government Fixed Income | 6.75% | 08/15/26 | | | | 484,125 |
| | U S Treasury Bonds | | Government Fixed Income | 8.13% | 08/15/19 | | | | 1,681,917 |
| | U S Treasury Bonds | | Government Fixed Income | 9.25% | 02/15/16 | | | | 452,123 |
| | U S Treasury Bonds | | Government Fixed Income | 10.38% | 11/15/12 | | | | 223,289 |
| | U S Treasury Bonds | | Government Fixed Income | 12.00% | 08/15/13 | | | | 1,927,280 |
| | U S Treasury Bonds | | Government Fixed Income | 5.38% | 02/15/31 | | | | 224,205 |
| | U S Treasury Stripped Prin7.25% | | Government Fixed Income | 7.25% | 08/15/22 | | | | 125,608 |
| | United Mexican Sts Mtn | | Government Fixed Income | 5.88% | 01/15/14 | | | | 74,063 |
| | United States Treas Nts | | Government Fixed Income | 5.00% | 08/15/11 | | | | 824,141 |
| | United States Treas Nts | | Government Fixed Income | 4.00% | 11/15/12 | | | | 1,059,634 |
| | United States Treas Nts | | Government Fixed Income | 1.63% | 10/31/05 | | | | 2,386,266 |
| | United States Treas Nts | | Government Fixed Income | 2.38% | 08/15/06 | | | | 105,558 |
| | United States Treas Nts | | Government Fixed Income | 3.38% | 12/15/08 | | | | 1,449,900 |
| | United States Treas Nts | | Government Fixed Income | 2.63% | 11/15/06 | | | | 116,006 |
| | United States Treas Nts | | Government Fixed Income | 4.25% | 11/15/13 | | | | 604,433 |
| | United States Treas Ntsdtd 00041 | | Government Fixed Income | 1.88% | 11/30/05 | | | | 736,378 |
| | California St Dept Wtr Res Pwr Supplyrevser Etaxable Fitch Lt Rtg A- N/C | State And Local Obligations | 3.59% | 05/01/04 | | | | 528,077 |
| | Texas St Pub Fin Auth Revtaxable-Unemployment Comp-B | State And Local Obligations | 2.63% | 06/15/06 | | | | 711,583 |
| | California St Dept Wtr Res Pwrsupply Revtaxable-Ser E | State And Local Obligations | 3.98% | 05/01/05 | | | | 101,613 |
| | Illinois Stfor Issues Dtd Prior To7/1/02 See 452150 | State And Local Obligations | 5.10% | 06/01/33 | | | | 735,576 |
| | New Jersey Economic Dev Auth St Pensionfdg Rev Ser B Taxable N/C Fsa | State And Local Obligations | | 02/15/24 | | | | 217,575 |
| | Wisconsin St Gen Fd Annualappropriation Revtaxable-Ser A | State And Local Obligations | 5.70% | 05/01/26 | | | | 55,910 |
| | Amresco Independence Fdg Inc1999-1 Sba Ln Bkd Ctf Adj Rate144A Cl A | Other Fixed Income | | 06/15/26 | | | | 855,356 |
S-16
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Bayview Finl Acquisition Tr 144A *Pp*1998-1 Mtg Passthru Ctf Cl A-I | Other Fixed Income | 7.01% | 05/25/29 | | | | 372,235 |
| | Business Ln Ctr Inc V/R Restrsba/Abs 1998-1 Cl A Partn 144A | Other Fixed Income | 6.75% | 01/15/25 | | | | 616,354 |
| | Gs Mtg Secs Corpser 2000-1 Mtg Passthru Ctf A144A | Other Fixed Income | 1.50% | 03/20/23 | | | | 446,005 |
| | Pbg Equip Tr 144Areceivable Bkd Nt Cl A | Other Fixed Income | 6.27% | 01/20/12 | | | | 660,607 |
| | Wachovia Bk Coml Mtg Tr2003-C5 Mtg Passthru Ctf X-P144A | Other Fixed Income | 1.92% | 06/15/35 | | | | 524,539 |
| | Washington Mut Mtg Secs Corp2002-Ar2 Msc Mtg Passthru Ctfiii-A-1-Var Rate072902 | Other Fixed Income | 5.76% | 08/25/32 | | | | 683,317 |
| | Anz Cap Tr I *Pp*144A | | Other Fixed Income | 4.48% | 01/29/49 | | | | 105,839 |
| | Anz Cap Tr I *Pp*Tr Secs 144A | | Other Fixed Income | 5.36% | 12/15/13 | | | | 164,705 |
| | Asif Global Financing 3.9% 10/22/0800209Laa0Collateral Held At Merrill Lynch | Other Fixed Income | 3.90% | 10/22/08 | | | | 267,459 |
| | Banc Amer Alternative Ln Tr2003-5 Mtg Passthru Ctf Cl | Other Fixed Income | 5.00% | 07/25/18 | | | | 575,400 |
| | Banc Amer Fdg Corpbanc Amer Fdg Corp2003-1 Mtg Passthru Ctf Cl | Other Fixed Income | 6.00% | 05/20/33 | | | | 231,821 |
| | Barclays Bk Plcstep Up Perpetual Reserve Capinstruments Rcisstep Cpn | Other Fixed Income | 8.55% | 09/29/49 | | | | 325,577 |
| | Cadbury Schweppes Us Finanace *Pp*Llcgtd Sr Nt 144A | Other Fixed Income | 5.13% | 10/01/13 | | | | 39,740 |
| | Pacific Lifecorp *Pp*Sr Nt 144A | | Other Fixed Income | 6.60% | 09/15/33 | | | | 42,244 |
| | Principal Life Global Fdg I M/T/N 144A | Other Fixed Income | 5.25% | 01/15/13 | | | | 101,289 |
| | Canadian Natl Ry Codeb | | Government Fixed Income | 7.38% | 10/15/31 | | | | 117,978 |
| | Quebec Prov Cda | | Government Fixed Income | 7.50% | 07/15/23 | | | | 67,447 |
| | Quebec Prov Cda M/T/N V/Rrate = 6.29% To 3/03; 7.365% Thereafter | Government Fixed Income | 7.37% | 03/06/26 | | | | 59,956 |
| | Quebec Prov Cda Mtn | | Government Fixed Income | 7.38% | 04/09/26 | | | | 59,714 |
| | United Mexican States | | Government Fixed Income | 8.13% | 12/30/19 | | | | 50,288 |
| | United Mexican Sts M/T/N | | Government Fixed Income | 8.38% | 01/14/11 | | | | 308,750 |
| | United Mexican Sts M/T/N | | Government Fixed Income | 4.63% | 10/08/08 | | | | 75,938 |
| | United Mexican Sts Medium Termnts Book Entrytranche # Tr 00009 | Government Fixed Income | 8.00% | 09/24/22 | | | | 136,750 |
| | Future T-Note 5Yr 1 Put 110.00 Mar 04 | Derivative | | | | | | (7,000) |
| | Otc Fgold 5% 30Yr Put 96.96875 2/5/04 | Derivative | | | | | | (22,145) |
S-17
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Otc Fgold 5% 30Yr Put 96.96875 2/5/04 | Derivative | | | | | | (22,145) |
| | Future T-Note 10Yr Cbot 100,000Usd/Cbot | Financial Futures | | 03/22/04 | | | | |
| | Future T-Note 5Yr 100,000Usd/Cbot | | Financial Futures | | 03/22/04 | | | | |
| | Future U S T-Bond 100,000Usd/Cbot | | Financial Futures | | 03/22/04 | | | | |
| | | | | Bonds and debentures | 227,610,301 |
| | | | | | | | | | |
| | Flextronics Intl Ltd | | Int'l Equity - Common Stocks | | | | | | 233,840 |
| | Abbey National Plc Ord Gbp0.10 | | Int'l Equity - Common Stocks | | | | | | 95,059 |
| | Abn Amro Holdings Nv Eur 0.56Ord Nlg1.25 | Int'l Equity - Common Stocks | | | | | | 282,931 |
| | Acom Co Y50Second Section | | Int'l Equity - Common Stocks | | | | | | 136,084 |
| | Acs Actividades Co Eur 1.50Cios Ord Esp | Int'l Equity - Common Stocks | | | | | | 209,857 |
| | Agfa Gevaert Nv | | Int'l Equity - Common Stocks | | | | | | 228,110 |
| | Alcatel Sa Eur 2.0 Rfd | | Int'l Equity - Common Stocks | | | | | | 124,952 |
| | Allied Irish Banks Plc Eur 0.32Eur0.32 | Int'l Equity - Common Stocks | | | | | | 118,568 |
| | Altadis Sa Eur 0.6 | | Int'l Equity - Common Stocks | | | | | | 170,326 |
| | Amb Generali Hldg Ag Rfdbete Br Dem5 | Int'l Equity - Common Stocks | | | | | | 176,664 |
| | Arcelor Sa | | Int'l Equity - Common Stocks | | | | | | 489,276 |
| | Arcelor Sa (Fr Line) | | Int'l Equity - Common Stocks | | | | | | 156,927 |
| | Assurances Generales De France Agffrance Ord Frf30 | Int'l Equity - Common Stocks | | | | | | 575,872 |
| | Australia + New Zealand Bank.Groupgrp A!1 | Int'l Equity - Common Stocks | | | | | | 271,775 |
| | Aventis Eur 3.82Ser A Frf25 | | Int'l Equity - Common Stocks | | | | | | 489,225 |
| | Aviva Plc 25Pord | | Int'l Equity - Common Stocks | | | | | | 352,811 |
| | Banco Santander Cent Hisp Eur 0.5Eur0.5 | Int'l Equity - Common Stocks | | | | | | 177,706 |
| | Bank Austria Creditanstalt Ag | | Int'l Equity - Common Stocks | | | | | | 176,406 |
| | Bank Of Nova Scotiascotia Ord | | Int'l Equity - Common Stocks | | | | | | 511,677 |
| | Basf Ag Npv | | Int'l Equity - Common Stocks | | | | | | 106,866 |
| | Bhp Billiton Ltdnpv | | Int'l Equity - Common Stocks | | | | | | 202,998 |
| | Bnp Paribas Eur 2.0 | | Int'l Equity - Common Stocks | | | | | | 504,466 |
| | Bp Amoco Capital//Plc Gbp0.25 | | Int'l Equity - Common Stocks | | | | | | 40,548 |
| | Brit Amer Tobacco Ord Gbp0.25Tobacco Ord | Int'l Equity - Common Stocks | | | | | | 173,684 |
| | C+S Co Ltd Npvltd Ord Npv | | Int'l Equity - Common Stocks | | | | | | 95,968 |
S-18
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Canon Incy50 | | Int'l Equity - Common Stocks | | | | | | 745,193 |
| | Clp Hldgs Hkd5Ord Hkd | | Int'l Equity - Common Stocks | | | | | | 104,862 |
| | Continental Ag Npvdem5 | | Int'l Equity - Common Stocks | | | | | | 523,550 |
| | Credit Agricole Sa Eur3 | | Int'l Equity - Common Stocks | | | | | | 312,634 |
| | Credit Suisse Group Chf 1.0Namen-Akt. | Int'l Equity - Common Stocks | | | | | | 256,229 |
| | Daiichi Pharm Co Jpy50Pharmacuetical Y50 | Int'l Equity - Common Stocks | | | | | | 126,162 |
| | Daito Trust Const Y50Daito Construction Jpy50 | Int'l Equity - Common Stocks | | | | | | 225,574 |
| | Daiwa House Inds Jpy50Y50 | | Int'l Equity - Common Stocks | | | | | | 329,849 |
| | Danske Bank Ab Dkk 10.0 | | Int'l Equity - Common Stocks | | | | | | 215,897 |
| | Delhaize Groupet Cie (Le Lion) Sa Npv | Int'l Equity - Common Stocks | | | | | | 169,788 |
| | Depfa Bank Plc Eur 3.0 | | Int'l Equity - Common Stocks | | | | | | 138,923 |
| | Dutch State Mines Eur3 | | Int'l Equity - Common Stocks | | | | | | 551,522 |
| | E On Ag Npv | | Int'l Equity - Common Stocks | | | | | | 476,535 |
| | East Japan Railwayco Ord Jpy50 | | Int'l Equity - Common Stocks | | | | | | 32,994 |
| | Eni Spa Eur 1.0 | | Int'l Equity - Common Stocks | | | | | | 783,295 |
| | Flextronics Intl Usd0.01Com Usd0.01 | | Int'l Equity - Common Stocks | | | | | | 233,840 |
| | France Telecom Eur 4.0Ordinary Shares Frf25 | Int'l Equity - Common Stocks | | | | | | 339,757 |
| | Fraport Ag | | Int'l Equity - Common Stocks | | | | | | 57,532 |
| | Futaba Corp Y50Jpy50 | | Int'l Equity - Common Stocks | | | | | | 54,601 |
| | Givaudan Sa Com Chf10 | | Int'l Equity - Common Stocks | | | | | | 88,287 |
| | Glaxosmithkline Plc 25P | | Int'l Equity - Common Stocks | | | | | | 474,329 |
| | Hannover Rueckversicherung Agnamens-Akt. | Int'l Equity - Common Stocks | | | | | | 300,772 |
| | Heidelbergcement Agord Dem | | Int'l Equity - Common Stocks | | | | | | 257,688 |
| | Hitachi Ltd | | Int'l Equity - Common Stocks | | | | | | 241,180 |
| | Hitachi Maxell Y50 | | Int'l Equity - Common Stocks | | | | | | 84,450 |
| | Honda Motor Coy50 | | Int'l Equity - Common Stocks | | | | | | 617,547 |
| | Iberdrola Sa Eur 3.0Sppt500 | | Int'l Equity - Common Stocks | | | | | | 79,082 |
| | Intercontinental Hotels Group Plchotels Gro Gbp | Int'l Equity - Common Stocks | | | | | | 170,935 |
| | Itochu Corp | | Int'l Equity - Common Stocks | | | | | | 148,684 |
| | Japan Tobacco Incjpy50000 | | Int'l Equity - Common Stocks | | | | | | 183,172 |
| | Jfe Holdings Inc | | Int'l Equity - Common Stocks | | | | | | 191,105 |
| | Karstadt Ag Npvnpv | | Int'l Equity - Common Stocks | | | | | | 37,093 |
S-19
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Kbc Bankverzekerin Npv | | Int'l Equity - Common Stocks | | | | | | 191,499 |
| | Kobe Steel Y50Y50 | | Int'l Equity - Common Stocks | | | | | | 97,555 |
| | Kyushu Elec Power Y500Power Ord Jpy500 | Int'l Equity - Common Stocks | | | | | | 168,578 |
| | Lloyds Tsb Group Plc Ord 25Pplc Ord | Int'l Equity - Common Stocks | | | | | | 182,857 |
| | Magna Intl Comm Stcl-A Sub Vtg Com Npv | Int'l Equity - Common Stocks | | | | | | 202,486 |
| | Man Ag Orsh Npv | | Int'l Equity - Common Stocks | | | | | | 12,137 |
| | Merck Kgaa Dem Npv | | Int'l Equity - Common Stocks | | | | | | 162,525 |
| | Metro Ag Npvord Dem5 | | Int'l Equity - Common Stocks | | | | | | 114,648 |
| | Mitsubishi Corp | | Int'l Equity - Common Stocks | | | | | | 127,235 |
| | Mitsui + Co Ltd | | Int'l Equity - Common Stocks | | | | | | 128,878 |
| | Mitsui Chemicals Inc Ord Shsmitsui Petrochemical Indust | Int'l Equity - Common Stocks | | | | | | 110,836 |
| | Mitsui Osk Lines Jpy 50.0Y50 | | Int'l Equity - Common Stocks | | | | | | 141,562 |
| | Nichicon Corp Y50Jpy50 | | Int'l Equity - Common Stocks | | | | | | 37,677 |
| | Nichirei Corp Y50 | | Int'l Equity - Common Stocks | | | | | | 58,298 |
| | Nippon Meat Packers Incy50 | | Int'l Equity - Common Stocks | | | | | | 195,632 |
| | Nippon Telegraph + Telephone Corp | | Int'l Equity - Common Stocks | | | | | | 260,575 |
| | Nissan Motor Coord Jpy50 | | Int'l Equity - Common Stocks | | | | | | 845,399 |
| | Nokia Corp Eur 0.06 | | Int'l Equity - Common Stocks | | | | | | 69,190 |
| | Oji Paper Co Jpy50Ltd Ord Jpy50 | | Int'l Equity - Common Stocks | | | | | | 251,895 |
| | Omv Ag Npvomv Ag | | Int'l Equity - Common Stocks | | | | | | 268,160 |
| | Pearson Plc Gbp 0.25Ord | | Int'l Equity - Common Stocks | | | | | | 55,675 |
| | Persimmon Ord 10P | | Int'l Equity - Common Stocks | | | | | | 131,702 |
| | Petro-Canada Common Stk Npvcommon Stock | Int'l Equity - Common Stocks | | | | | | 247,330 |
| | Promise Cojpy50 Shares | | Int'l Equity - Common Stocks | | | | | | 361,779 |
| | Qantas Airways Ltd Npvltd Ord | | Int'l Equity - Common Stocks | | | | | | 108,336 |
| | Rexam Plc Gbp0.64285 | | Int'l Equity - Common Stocks | | | | | | 135,745 |
| | Royal Bank Canadacom Stk Npv | | Int'l Equity - Common Stocks | | | | | | 286,997 |
| | Royal Dutch Petrol Eur 0.56Ord Nlg1.25 | Int'l Equity - Common Stocks | | | | | | 158,213 |
| | Royal+Sun Alliance Ord Gbp0.275 | | Int'l Equity - Common Stocks | | | | | | 151,349 |
| | Safeway Gbp0.25Ord | | Int'l Equity - Common Stocks | | | | | | 231,328 |
| | Sankyo Co Ltd Gunmanpv | | Int'l Equity - Common Stocks | | | | | | 126,937 |
| | Shell Trnspt+Trdg Gbp0.25Ord | | Int'l Equity - Common Stocks | | | | | | 243,230 |
| | Shire Pharma Group Ord 5Pgroup Ord | Int'l Equity - Common Stocks | | | | | | 116,541 |
| | Siemens Ag Npv(Regd)(Registered) | | Int'l Equity - Common Stocks | | | | | | 400,580 |
| | Signet Group Plc 0.5P | | Int'l Equity - Common Stocks | | | | | | 73,756 |
S-20
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | Singapore Airlines Sgd 0.5Sgd1 (Local Reg) | Int'l Equity - Common Stocks | | | | | | 106,472 |
| | Soc Generale Eur 1.25 | | Int'l Equity - Common Stocks | | | | | | 476,911 |
| | Sony Corp | | Int'l Equity - Common Stocks | | | | | | 294,335 |
| | Sumitomo Corp Y50 | | Int'l Equity - Common Stocks | | | | | | 171,523 |
| | Sumitomo Mitsui Financial Group | | Int'l Equity - Common Stocks | | | | | | 399,711 |
| | Svenska Cellulosa Ser B Sek10Ser 'B' Swkr10 Free | Int'l Equity - Common Stocks | | | | | | 318,885 |
| | Takeda Chem Inds | | Int'l Equity - Common Stocks | | | | | | 230,073 |
| | Tanabe Seiyaku Co | | Int'l Equity - Common Stocks | | | | | | 81,202 |
| | Taylor Woodrow Ord 25Pord | | Int'l Equity - Common Stocks | | | | | | 214,135 |
| | Telecom Italia Spa Eur 0.55 | | Int'l Equity - Common Stocks | | | | | | 102,761 |
| | Telefonica Sa Eur 1.0Stock Split | | Int'l Equity - Common Stocks | | | | | | 246,722 |
| | Tohoku Electric Power Co Inc Y500Y500 | Int'l Equity - Common Stocks | | | | | | 114,442 |
| | Tokyo Electric Power Co Inc Y500 | Int'l Equity - Common Stocks | | | | | | 131,604 |
| | Total Sa Eur 10.0Frf50 | | Int'l Equity - Common Stocks | | | | | | 409,134 |
| | Toyota Motor Corpy50 | | Int'l Equity - Common Stocks | | | | | | 692,645 |
| | Ufj Holdings | | Int'l Equity - Common Stocks | | | | | | 413,384 |
| | Unicredito Itlo Spa Eur 0.5S Ord Itl500 (Dem Line) | Int'l Equity - Common Stocks | | | | | | 107,999 |
| | United Overseas Bank Ltd Sgd 1.0 | | Int'l Equity - Common Stocks | | | | | | 116,601 |
| | Uny Co Y50(Regd)(Sicovam)Jpy50 | | Int'l Equity - Common Stocks | | | | | | 82,136 |
| | Vodafone Usd 0.10Ord Usd0.10 | | Int'l Equity - Common Stocks | | | | | | 536,049 |
| | Volkswagen Ag Ord Npv | | Int'l Equity - Common Stocks | | | | | | 540,317 |
| | Westpac Banking Corp Npvord Aud1 | | Int'l Equity - Common Stocks | | | | | | 159,045 |
| | Whitbread Ord Gbp.50 | | Int'l Equity - Common Stocks | | | | | | 262,578 |
| | Wimpey(George) Ord 25Pord | | Int'l Equity - Common Stocks | | | | | | 209,811 |
| | Wolters Kluwer Nv Eur 0.12 | | Int'l Equity - Common Stocks | | | | | | 62,579 |
| | Forward CHF/USDt/D | | Forward Contracts | | 03/18/04 | | | | (308,027) |
| | Forward DKK/USDt/D | | Forward Contracts | | 03/18/04 | | | | (169,063) |
| | Forward EUR/USDt/D | | Forward Contracts | | 03/18/04 | | | | (75,504) |
| | Forward EUR/USDt/D | | Forward Contracts | | 03/18/04 | | | | (880,880) |
| | Forward JPY/USDt/D | | Forward Contracts | | 03/18/04 | | | | (5,052,802) |
| | Forward USD/CHFt/D | | Forward Contracts | | 03/18/04 | | | | 302,704 |
| | Forward USD/DKKt/D | | Forward Contracts | | 03/18/04 | | | | 165,835 |
| | Forward USD/EURt/D | | Forward Contracts | | 03/18/04 | | | | 71,634 |
| | Forward USD/EURt/D | | Forward Contracts | | 03/18/04 | | | | 852,607 |
| | Forward USD/JPYt/D | | Forward Contracts | | 03/18/04 | | | | 5,044,937 |
S-21
2003
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(a) | | (b) Identity of issue, borrower, lessor or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par or maturity value | | (d) Cost | | (e) Current Value |
| | | | | International equity investments | 27,545,272 |
| | | | | | | | | | |
| | New England Financial Ga 7174 1-06 | | Guaranteed Insurance Contract | 7.00% | 12/31/04 | | | | 46,132 |
| | New England Financial Ga 7174 1-07 | | Guaranteed Insurance Contract | 6.75% | 12/31/05 | | | | 175,596 |
| | | | | Guaranteed investment contracts | 221,728 |
| | | | | | | | | | |
Total Assets Held at End of Year | | | | | | | $ 1,631,369,629 =========== |
* represents party in interest
S-22
Exhibit 23
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in Registration Statement No. 333-58526 of Computer Sciences Corporation on Form S-8 of our report dated June 24, 2004, appearing in this Annual Report on Form 11-K of the Computer Sciences Matched Asset Plan for the year ended December 31, 2003.
/s/ DELOITTE & TOUCHE LLP
Deloitte & Touche LLP
Los Angeles, California
June 28, 2004
E-1