SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
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, 2005
[ ] 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, California 90245
TABLE OF CONTENTS
Description | Page |
| |
(a) Financial Statements: | |
| |
Report of Independent Registered Public Accounting Firm | 1 |
| |
Statements of Net Assets Available for Benefits As of December 31, 2005 and 2004 | 2
|
| |
Statements of Changes in Net Assets Available for Benefits For For the Years Ended December 31, 2005 and 2004 | 3
|
| |
Notes to Financial Statements | 4 |
| |
(b) Supplemental Schedule: | |
| |
Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2005 | S-1
|
| |
All other schedules required by Section 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. | |
| |
(c) Exhibit: | |
| |
Exhibit 23: Consent of Independent Registered Public Accounting Firm | E-1 |
i
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, 2005 and 2004, 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. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentati on. 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, 2005 and 2004, 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) as of December 31, 2005, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is a supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This schedule is the responsibility of the Plan's management. Such schedule has been subjected to the auditing procedures applied in our audit of the basic 2005 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
Los Angeles, California
June 28, 2006
1
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
| December 31 |
| 2005 | | 2004 |
ASSETS | | | |
Participant-directed investments | $1,813,069,207 | | $1,782,466,112 |
Nonparticipant-directed investments - CSC common stock | 563,174,327
| | 811,241,189
|
Total Investments | 2,376,243,534 | | 2,593,707,301 |
| | | |
Receivables: | | | |
Accrued investment income | 1,520,588 | | 1,733,173 |
Unsettled trade receivables | 25,076,847 | | 20,491,000 |
Other | 259,370 | | 35,554 |
Total Receivables | 26,856,805 | | 22,259,727 |
Total Assets | 2,403,100,339 | | 2,615,967,028 |
| | | |
LIABILITIES | | | |
Accrued expenses | 752,448 | | 765,002 |
Unsettled trade payables | 24,600,330 | | 20,917,593 |
Other | - | | 185,306 |
Total Liabilities | 25,352,778 | | 21,867,901 |
NET ASSETS AVAILABLE FOR BENEFITS | $2,377,747,561 =========== | | $2,594,099,127 =========== |
See Notes to Financial Statements
2
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
STATEMENTS OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS
| Years Ended December 31 |
| 2005 | | 2004 |
INVESTMENT INCOME (NOTE 7): | | | |
Net appreciation in fair value of investments | $ 5,545,478 | | $ 280,393,549 |
Interest | 18,489,290 | | 15,887,322 |
Dividends | 4,704,701 | | 9,645,097 |
Net investment income | 28,739,469 | | 305,925,968 |
CONTRIBUTIONS: | | | |
Participant | 190,402,715 | | 185,997,483 |
Employer | 34,378,649 | | 37,013,362 |
Employee rollovers | 10,386,616 | | 10,363,366 |
Total Contributions | 235,167,980 | | 233,374,211 |
| | | |
DEDUCTIONS: | | | |
Distributions to participants | 213,259,368 | | 209,363,056 |
Administrative expenses | 1,717,288 | | 2,508,615 |
Total Deductions | 214,976,656 | | 211,871,671 |
| | | |
INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS BEFORE PLAN TRANSFERS | 48,930,793 | | 327,428,508 |
| | | |
NET TRANSFERS (TO) FROM OTHER PLANS (NOTE 9) | (265,282,359) | | 633,779,855 |
| | | |
NET ASSETS AVAILABLE FOR BENEFITS: | | | |
Beginning of year | 2,594,099,127 | | 1,632,890,764 |
End of year | $2,377,747,561 =========== | | $2,594,099,127 =========== |
See Notes to Financial Statements
3
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
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 document 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 the CSC Retirement and Employee Benefits Plans Committee (the "Committee"), which consists of five members who are appointed by the Board of Directors of the Company and serve without compensation and are 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 intent to do so, the Company reserves the right, under the Plan, to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, the participants' rights to the Company's contributions vest immediately.
Interest in the CSC Sponsored Trust ("CSC Trust")
The Plan's investments are in a trust sponsored by the Company. Currently, certain participating plans are not part of the same control group as the Company, and the trust is not considered a master trust. The assets of the CSC Trust are held by The Bank of New York (the "Trustee"). At December 31, 2005 and 2004, the Plan's interest in the assets of the CSC Trust was approximately 58.9% and 64.2%, respectively. Investment income and administrative expenses relating to each discretionary or directed fund within the CSC Trust are allocated to the individual plans based upon average monthly balances invested by each plan in each discretionary or directed fund.
4
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
The following participating retirement plans have a divided interest in the CSC Trust: Computer Sciences Corporation Matched Asset Plan and CSR's Range Employees Pension Plan. The following participating retirement plans have an undivided interest in the CSC Trust: Computer Sciences Corporation Employee Pension Plan, CSC Outsourcing Inc. Hourly Pension Plan, CSC Outsourcing Inc. CUTW Hourly Pension Plan, CSC/Hughes Retirement Plan, Computer Sciences Corporation Cash Balance Plan, CSC/E-Systems Pension Plan, CSC Pension Equity Plan, Eagle Alliance Employee Pension Plan, and the DynCorp Information Systems LLC Union Pension Plan. The following plans are not in the same control group as the Company: CSR's Range Employees Pension Plan and Eagle Alliance Employee Pension Plan.
Eligibility and Participation
Any eligible employee who has satisfied the Plan's age requirement, 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
An eligible employee who elects to become a participant may authorize any whole percentage (at least 1% but not more than 50%) of their 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. The catch-up provision provided these participants the opportunity to contribute an additional $4,000 and $3,000 on a pre-tax basis in 2005 and 2004, re spectively (increasing to $5,000 in 2006, with inflation adjustments after that).
5
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
A participant is not permitted to make voluntary after-tax contributions to the Plan, unless the participant is part of a collective bargaining unit for which after-tax contributions have been negotiated.
The Company will contribute an amount equal to 50% of the first 3% of the participant's compensation deferral, except for eight groups of employees for 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;
Group 5 - 50% of the first 6% of the participant's compensation deferral;
Group 6 - 75% of the first 4% of the participant's compensation deferral;
Group 7 - 50% of the first 8% of the participant's compensation deferral and discretionary employer contribution of at least 1% of participant compensation; and
Group 8 - 50% of the first 8% of the participant's compensation deferral and discretionary employer contribution of at least 2% of participant compensation.
Matching contributions will be invested in the Company Stock Fund, which invests in the common stock of the Company except for employees of CSC Credit Services, Inc., Mississippi Space Services, Eagle Alliance, 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.
Participant Accounts
Individual accounts are maintained for each Plan participant. Each participant's account is credited with the participant's contribution, the Company's matching contribution and allocations of Plan investment returns, and is charged with withdrawal and an allocation of investment management fees. Allocations are based on participant earnings or account balances, as defined by the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.
Investments
Participants direct the investment of their contributions into various investment options offered by the Plan. Certain Company contributions are automatically invested in CSC common stock. The Plan currently offers the following fifteen investment options: Money Market Fund, Short
6
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
Duration Bond Fund, Core Bond Fund, Government TIPS Bond Fund, High Yield Bond Fund, Balanced 40/60 Fund, Balanced 60/40 Fund, Balanced 80/20 Fund, Active Allocation Fund, S&P 500 Index Fund, S&P 500 Select Fund, Active U.S. Equity Fund, U.S. Equity Completion Fund, International Equity Fund, and CSC Stock Fund. The DynCorp Frozen Stable Value Fund is frozen to new participants and to new contributions. These investment options are made up of various investments as determined by the investment manager.
The investment return in the respective funds is allocated to a participant based on his or her account balance.
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 2005 and 2004 amounted to $1,641,650 and $2,209,996, respectively. The Plan had a forfeiture balance of $322,171 and $0 at December 31, 2005 and 2004, respectively. During the years ended December 31, 2005 and 2004, employer contributions were reduced by $1,319,479 and $2,336,163, respectively.
Distributable Amounts, Withdrawals and Refunds
A participant may become entitled to 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.
7
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
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.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Plan management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Risks and Uncertainties
The Plan utilizes various investment instruments, including mutual funds, separate and commingled funds, Company stock, investment contracts, and certain derivative instruments. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the financial statements.
The Plan invests in securities of foreign companies, which involves special risks and considerations not typically associated with investing in U.S. companies. These risks include devaluation of currencies, less reliable information about issuers, different securities transaction clearance and settlement practices, and possible adverse political and economic developments. Moreover, securities of many foreign companies and their markets may be less liquid and their prices more volatile than those securities of comparable U.S. companies.
8
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
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.
Valuation of Investment Securities
Investments in common stocks, corporate and government fixed income securities and registered investment companies 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 commingled funds are stated at estimated fair values, which have been determined based on the unit values of the funds. Unit values are determined by the financial institution sponsoring such funds by dividing the fund's net assets at fair value by its units outstanding at the valuation dates. Investments in money market funds and certificate of deposits are stated at cost which approximates fair value. Derivatives are valued at fair value (see Note 11). Participant loans are valued at outstanding loan balances, which approximate fair value.
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 $4,227,637 and $5,945,543 at December 31, 2005 and 2004, respectively.
Note 3 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 applicable provisions of the Code. As such, no provision for income taxes has been included in the Plan's financial statements.
9
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
Note 4 Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
| December 31 |
| 2005 | | 2004 |
| | | |
Net assets available for benefits per the financial statements | $ 2,377,747,561 | | $ 2,594,099,127 |
Amounts allocated to withdrawing participants | (4,227,637) | | (5,945,543) |
Net assets available for benefits per Form 5500 | $ 2,373,519,924 ============ | | $ 2,588,153,584 ============ |
The following is a reconciliation of distributions to participants per the financial statements to the Form 5500:
| Year Ended December 31 |
| 2005 | | 2004 |
Distributions to participants per the financial statements | $ 213,259,368 | | $ 209,363,056 |
Add: Amounts allocated to withdrawing participants at end of year | 4,227,637 | | 5,945,543 |
Less: Amounts allocated to withdrawing participants at start of year | (5,945,543) | | (11,298,739) |
Distributions to participants per the Form 5500 | $ 211,541,462 ============ | | $ 204,009,860 ============ |
Amounts allocated to withdrawing participants are recorded as distributions on the Form 5500 for benefit claims 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 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 or funds into which future compensation deferral contributions shall be invested as of the next possible paycheck once per a calendar month. In addition, a participant may elect to redesignate any amounts in his or her accounts as of the current or next business day of any month (depending on when the election is made) 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.
10
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
The following table represents the individual investments that exceeded 5% of the Plan's net assets available for benefits, as of December 31:
| December 31 |
Description of Issue | 2005 | | 2004 |
| | | |
SSGA Short Term Investment Fund | $ 165,843,464 | | $ 172,263,178 |
Commingled Funds: | | | |
Mellon Bank Daily Liquidity Stock Index Fund | 502,338,292 | | 511,832,122 |
Frank Russell Equity #1 Fund | 161,824,086 | | 144,607,897 |
Mellon Bank EB Daily Liquidity Enhanced Asset Allocation Fund | 129,886,837
| | **
|
Mellon Bank EB Daily Market Completion Fund | 225,227,193 | | 213,653,768 |
CSC common stock | 563,174,327 | * | 811,241,189 |
* A portion of this investment is nonparticipant-directed.
** Investments did not exceed 5% of net assets available for benefits at fiscal year end.
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 are secured by the balance in the participant account and 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 approximate fair value, on the statements of net assets available for benefits.
Loan amounts are taken from the participants' accounts according to a priority specified in the Plan's loan rules and, within each account, prorated from the funds based on their balances at the time. Loan principal repayments go back into the participants' accounts in the reverse order of the priority specified in the Plan's loan rules. Interest payments are prorated to the participants' accounts based on each account's outstanding principal. Both loan principal and interest repayments are invested according to the participant's current investment fund election for contributions (except for company match). Principal and interest are paid ratably through payroll deductions.
11
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
Note 7 Investments in CSC Trust
The following table presents investments in the CSC Trust at fair value.
| | | December 31 |
| | | 2005 | | 2004 |
Investments at Fair Value as Determined by | | | |
Quoted Market Price | | | |
| Cash (Overdraft) | $ 2,471 | | $ (27,316) |
| Other short-term investment fund | 29,360,027 | | 29,126,982 |
| Money market fund | 165,843,464 | | 172,263,178 |
| Bonds and debentures | 452,058,782 | | 421,198,741 |
| CSC common stock | 563,174,327 | | 812,106,525 |
| International equity portfolio | 269,687,495 | | 216,604,301 |
| Registered investment company | 35,422,793 | | 34,076,119 |
| | | 1,515,549,359 | | 1,685,348,530 |
Investment at Estimated Fair Value | | | |
| Interest in commingled funds | 2,467,537,383 | | 2,301,009,897 |
| Geewax Terker Hedge fund | 15,268,464 | | 14,559,374 |
| Guaranteed investment contracts | - | | 185,352 |
| Financial futures | 6,500 | | - |
| | | 2,482,812,347 | | 2,315,754,623 |
Investment at Cost, Which Approximates Fair Value | | |
| Employee loans | 33,413,167 | | 41,394,081 |
| | Total CSC Trust | $ 4,031,774,873 ============ | | $ 4,042,497,234 ============= |
| | Plan's Interest in CSC Trust | $ 2,376,243,534 ============ | | $ 2,593,707,301 ============= |
12
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
The investment income (loss) of the CSC Trust is summarized as follows:
| | Year Ended December 31 |
| | 2005 | | 2004 |
| | | | |
| Bonds and debentures | $ (8,700,719) | | $ (2,631,334) |
| CSC Stock Fund | (67,421,749) | | 177,373,848 |
| International equity portfolios | 26,809,513 | | 35,974,698 |
| Registered investment company | (1,454,666) | | 333,912 |
| Commingled funds | 133,685,004 | | 204,928,247 |
Net appreciation in fair value of investments | 82,917,383 | | 415,979,371 |
Dividends | 13,807,474 | | 27,568,838 |
Interest | 26,468,180 | | 24,797,058 |
| CSC Trust Investment Income | $ 123,193,037 =========== | | $ 468,345,267 =========== |
| Plan's Interest in the CSC Trust Investment Income | $ 28,739,469 =========== | | $ 305,925,968 =========== |
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 funds were paid by the Company and amounted to $1,500 a year for the years ended December 31, 2005 and 2004. In addition, The Bank of New York became the fund manager of the International Equity Fund in 2004. As the fund manager, The Bank of New York was paid $84,999 and $32,522 by the Plan in fees associated with this fund for the year ended December 31, 2005 and 2004, respectively.
At December 31, 2005 and 2004, the Plan held 11,121,136 and 14,391,364 shares, respectively, of common stock of the Computer Sciences Corporation, the sponsoring employer, with a cost basis of $585,730,828 and $753,479,432, respectively.
Note 9 Mergers and Spin-off
On January 5, 2005 the CSC Outsourcing Inc. Hourly Savings Plan and the CSC Outsourcing Inc. CUTW Hourly Savings Plan ("the Hourly Plans") merged into the Plan. The participants' investment account balances of the Hourly Plans were transferred into the Plan. As a result of the merger, participants of the Hourly Plans can participate in the Plan, effective January 5, 2005.
13
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
The management of the Company believes that these mergers were tax-exempt transactions under the applicable provisions of the Code and, therefore, not subject to federal income taxes.
Effective January 6, 2005, the DynCorp International LLC Matched Asset Plan was spun-off from the Plan. The spin-off was agreed to as part of the sale of DynCorp International LLC. Participant assets were transferred to the spun-off plan in January 2005. The management of the Company believes that this spin-off was a tax-exempt transaction under the applicable provisions of the Code and, therefore, not subject to federal income taxes.
On July 1, 2004, the DynCorp Capital Accumulation Retirement Plan ("CAP") and DynCorp Savings and Retirement Plan ("SARP") were merged with the Plan and the net assets of CAP and SARP were transferred to the Plan in 2004. The management of the Company believes that these mergers were tax-exempt transactions under the applicable provisions of the Code and, therefore, not subject to federal income taxes.
Note 10 Nonparticipant-Directed Investments
All employer contributions are invested in CSC common stock in the CSC Stock Fund, except for certain defined group of employees, and they cannot be transferred into another investment fund. However, special diversification rights apply upon reaching age 55 with 5 years of service, or at age 59-1/2 regardless of years of service. Employer contributions, which are in the CSC Stock Fund, may be allocated to any of the other investment funds. The participant-directed portion of the CSC Stock Fund, consisting of employee contributions and balances subject to special diversification rights, is undetermined.
Information about the net assets and the significant components of the changes in net assets relating to the CSC Stock Fund is as follows as of December 31:
| | 2005 | | 2004 |
Net assets: | | | |
| CSC common stock | $ 563,174,327 | | $ 811,241,189 |
| Short-term investments | 4,588,686 | | 4,122,993 |
| Accrued income | 16,157 | | 6,947 |
| Net unsettled trades payable | (680,581) | | (79,449) |
| CSC Stock Fund | $ 567,098,589 | | $ 815,291,680 |
14
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
| | 2005 | | 2004 |
Changes in net assets: | | | |
| Net (depreciation) appreciation in fair value of investments | (68,203,132) | | 160,910,766 |
| Interest income | 928,210 | | 712,811 |
| Employer contributions | 31,478,944 | | 33,695,321 |
| Participant contributions | 17,264,336 | | 21,913,940 |
| Participant rollovers | 693,209 | | 718,761 |
| Transfers to participant-directed investments | (30,570,785) | | (36,305,884) |
| Plan to plan transfers | (150,356,823) | | 344,115,360 |
| Benefits paid to participants | (49,379,973) | | (76,622,379) |
| Administrative fees | (47,077) | | (71,771) |
| Net Change | (248,193,091) | | 449,066,925 |
CSC Stock Fund -- beginning of the year | 815,291,680 | | 366,224,755 |
CSC Stock Fund -- end of the year | $ 567,098,589 ============ | | $ 815,291,680 ============ |
Note 11 Derivative Financial Instruments
In the Plan's separate accounts, one 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. In 2004, one international fund equity manager used derivative instruments to hedge the currency risk component of the Plan's foreign investments. Currency hedge positions in aggregate were not permitted to exceed the level of exposure in the Plan's related assets. Since late 2004, the Plan does not hedge currency risk as a result of a change in international fund manager. Leveraging of the Plan's assets and speculation are prohibited.
Foreign Currency Exchange Contracts
During 2004, the Plan entered into forward contracts to purchase and sell foreign currencies in the normal course of its investing activities to manage the currency exposure associated with the Plan's foreign equity investments. The terms of these contracts generally did not exceed one year. The credit risk associated with these contracts was minimal as they were entered into with a limited number of highly rated counterparties.
The fair values associated with the foreign currency contracts have been estimated by valuing the position of the contracts using the applicable spot rates and forward rates as of the reporting date. Changes in fair values were accounted for as net appreciation (depreciation) in fair value of investments. The Plan had no foreign currency forward contracts at December 31, 2005 and 2004.
15
COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004
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 2005 and 2004, the Plan was a party to futures contracts held for trading purposes for U.S. Treasury securities. 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.
At December 31, 2005, the Plan had futures contracts to buy and sell U.S. Treasury Notes contracts with notional amounts of $82,800,000 and $19,100,000, respectively; to buy U.S Treasury Bond contracts with notional amounts of $900,000; and to buy and sell Eurodollar contracts with notional amounts of $18,000,000 and $3,000,000, respectively. At December 31, 2004, the Plan had futures contracts to buy and sell U.S. Treasury Bonds contracts with notional amounts of $700,000 and $6,900,000, respectively. 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, 2005 and 2004, as settlements are made by cash daily. Changes in fair values are accounted for as net appreciation (depreciation) in fair value of investments.
At December 31, 2005, the fair market value of other financial futures is immaterial.
16
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Act of 1934, the Computer Sciences Corporation Retirement and Employee Benefits 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: June 28, 2006 By: /s/Leon J. Level
Leon J. Level
Chairman,
Computer Sciences Corporation
Retirement and Employee Benefits Plans Committee
17
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | State Street Global Advisor | | Short-term Investment Fund | | | | $ 165,843,464 |
| | | | | | | |
* | | The Bank of New York | | Collective Short Term Invest Fd | | | 13,208,126 |
| | HSBC Bank USA Instl | | Certificate of Deposit | | | | | 394,166 |
| | Deutsche Bank AG | | Certificate of Deposit | | | | | 175,000 |
| | | | | Total Short-Term Investments | 13,777,292 |
| | | | | | | | | |
| | Euro | | Foreign Currency | | | | | 576 |
* | | Computer Sciences Corporation | | Common Stock (11,121,136 shares) | | | $585,730,828 | 563,174,327 |
* | | Various participants | | Participant loans (maturing 2006 to 2021 at interest rates of 3.75% to 11.11%) | 33,413,167 |
| | | | | | | | | |
| | Mellon Bank, N.A. | | Commingled Fund - Mellon EB Daily Liquidity Aggregate Bond Index Fd | 88,654,753 |
| | Mellon Bank, N.A.
| | Commingled Fund - Daily Liquidity Stock Index Fund | | | 502,338,292
|
| | Mellon Bank, N.A. | | Commingled Fund - EB Daily Liquidity Enhanced Asset Allocation | 129,886,837 |
| | State Street Global Advisor | | Commingled Fund - SSGA Index Plus Secs Lending Ser A Fund | 73,987,994 |
| | Mellon Bank, N.A. | | Commingled Fund - Mellon EB Daily Market Completion Fund | 225,227,193 |
| | Frank Russell | | Commingled Fund - Frank Russell Equity #1 Fund | | | 161,824,086 |
| | State Street Global Advisor | | Commingled Fund - SSGA Gov't TIPS Bond Fund | | | 37,387,437 |
| | T.Rowe Price | | Commingled Fund - Frozen Stable Value Fund | | | 17,140,646 |
| | | | | Total Interest in Commingled Funds | 1,236,447,238 |
| | | | | | | | | |
| | Vanguard Group | | Mutual Fund - Vanguard High Yield Corp Bond fund | | | 35,422,793 |
| | | | | | | | | |
| | American Home Mtg Assets Tr | | Corporate Bond | 5.229% | 11/25/35 | | | 1,670,719 |
| | Adjustable Rate Mtg Tr | | Corporate Bond | 5.229% | 12/25/35 | | | 1,078,019 |
| | Asif Global Financing Xxiii Nt | | Corporate Bond | 3.900% | 10/22/08 | | | 194,592 |
| | Banc One Corp | | Corporate Bond | 2.625% | 06/30/08 | | | 161,087 |
| | Bank One Corp | | Corporate Bond | 6.000% | 08/01/08 | | | 266,804 |
| | Bank One Issuance Tr V/R | | Corporate Bond | 4.228% | 10/15/08 | | | 1,200,089 |
| | Bank One Issuance Tr V/R | | Corporate Bond | 5.172% | 12/15/10 | | | 1,277,938 |
| | Bayerische Landesbank | | Corporate Bond | 2.500% | 04/28/06 | | | 1,018,040 |
| | Bear Stearns Arm Tr | | Corporate Bond | 3.224% | 10/25/34 | | | 1,052,896 |
| | Bear Stearns Alt-A Tr | | Corporate Bond | 5.329% | 11/25/34 | | | 1,049,117 |
| | Bmw Vehicle Owner Tr | | Corporate Bond | 4.040% | 02/25/09 | | | 1,164,327 |
| | CWABS Inc | | Corporate Bond | 5.079% | 08/25/35 | | | 1,332,984 |
| | CWABS Inc | | Corporate Bond | 4.420% | 01/25/36 | | | 1,053,990 |
S-1
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Capital Auto Receivables Asset | | Corporate Bond | 3.580% | 10/16/06 | | | 100,621 |
| | Capital Auto Receivables Asset | | Corporate Bond | 3.350% | 02/15/08 | | | 1,456,179 |
| | Capital Auto Receivables Asset | | Corporate Bond | 4.050% | 07/15/09 | | | 1,038,446 |
| | Chase Coml Mtg Secs Corp | | Corporate Bond | 7.757% | 04/15/32 | | | 911,380 |
| | Chase Issuance Tr | | Corporate Bond | 3.220% | 06/15/10 | | | 1,070,399 |
| | Chase Manhattan Auto Owner Tr | | Corporate Bond | 2.080% | 05/15/08 | | | 1,102,094 |
| | Citibank Cr Card Issuance Tr | | Corporate Bond | 5.650% | 06/16/08 | | | 1,279,769 |
| | Citibank Cr Card Issuance Tr | | Corporate Bond | 2.550% | 01/20/09 | | | 1,367,342 |
| | Citibank Cr Card Issuance Tr | | Corporate Bond | 2.700% | 01/15/08 | | | 1,124,125 |
| | Citibank Cr Card Issuance Tr | | Corporate Bond | 3.200% | 08/24/09 | | | 1,290,848 |
| | Comm 2000-C1 | | Corporate Bond | 7.416% | 04/15/10 | | | 913,975 |
| | Commercial Mtg Accep Corp Coml | | Corporate Bond | 6.030% | 09/15/30 | | | 784,011 |
| | Cwalt Inc | | Corporate Bond | 5.500% | 07/25/35 | | | 777,926 |
| | Daimlerchrysler Auto Tr | | Corporate Bond | 3.090% | 01/08/08 | | | 1,256,189 |
| | Daimlerchrysler Auto Tr | | Corporate Bond | 2.980% | 08/08/08 | | | 1,182,374 |
| | Encore Cr Receivables Tr | | Corporate Bond | 5.059% | 02/01/36 | | | 855,184 |
| | Federal Natl Mtg Assn Gtd | | Corporate Bond | 5.750% | 08/25/34 | | | 1,275,280 |
| | Fieldstone Mtg Invt Corp | | Corporate Bond | 5.079% | 02/25/36 | | | 999,994 |
| | Ford Cr Auto Owner Tr | | Corporate Bond | 3.480% | 11/17/08 | | | 1,456,355 |
| | Ford Cr Auto Owner Tr | | Corporate Bond | 3.080% | 07/15/07 | | | 489,272 |
| | Ford Cr Auto Owner Tr | | Corporate Bond | 4.240% | 03/15/08 | | | 1,145,279 |
| | General Elec Cap Corp M/T/N | | Corporate Bond | 9.830% | 12/15/08 | | | 200,142 |
| | General Elec Cap Corp M/T/N | | Corporate Bond | 3.450% | 07/16/07 | | | 882,774 |
| | General Elec Cap Corp M/T/N | | Corporate Bond | 3.600% | 10/15/08 | | | 798,592 |
| | General Elec Cap Corp M/T/N | | Corporate Bond | 3.450% | 01/15/08 | | | 2,159,210 |
| | Gmac Coml Mtg Sec Inc | | Corporate Bond | | 03/15/33 | | | 914,039 |
| | Gmac Coml Mtg Secs Inc | | Corporate Bond | 7.179% | 08/15/36 | | | 704,043 |
| | Golden West Finl Corp Del | | Corporate Bond | 4.125% | 08/15/07 | | | 143,509 |
| | Greenwich Cap Coml Fdg Corp | | Corporate Bond | 4.112% | 01/11/17 | | | 873,958 |
| | Gs Mtg Secs Corp Ii | | Corporate Bond | 6.135% | 10/18/30 | | | 1,057,661 |
| | Gs Mtg Secs Corp Ii V/R | | Corporate Bond | 1.114% | 01/10/40 | | | 539,975 |
| | Gs Mtg Secs Corp | | Corporate Bond | 3.691% | 08/25/34 | | | 1,331,654 |
| | Harborview Mtg Ln Tr | | Corporate Bond | 4.922% | 11/19/35 | | | 1,382,626 |
| | Honda Auto Receivables Owner Trust | Corporate Bond | 4.460% | 05/21/09 | | | 967,875 |
| | Honda Auto Receivables 2003-5 | | Corporate Bond | 2.300% | 10/18/07 | | | 748,474 |
| | Honda Auto Receivables 2004-2 | | Corporate Bond | 2.520% | 02/15/07 | | | 246,883 |
| | Honda Auto Receivables 2004-2 | | Corporate Bond | 3.300% | 06/16/08 | | | 1,389,954 |
S-2
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Honda Auto Receivables 2004-3 | | Corporate Bond | 2.910% | 10/20/08 | | | 1,225,497 |
| | Honda Auto Receivables 2005-1 | | Corporate Bond | 3.530% | 10/21/08 | | | 1,208,261 |
| | Household Finance Corp | | Corporate Bond | 4.125% | 12/15/08 | | | 341,761 |
| | Ifc Sbap 97-1A V/R | | Corporate Bond | | 01/15/24 | | | 310,028 |
| | Impac Secd Assets Corp | | Corporate Bond | 5.079% | 03/25/36 | | | 1,416,345 |
| | Lb-Ubs Coml Mtg Tr | | Corporate Bond | 1.358% | 04/15/37 | | | 494,920 |
| | Luminent Mtg Tr | | Corporate Bond | 5.219% | 11/25/35 | | | 1,548,959 |
| | Mbna Cr Card Master Nt Tr | | Corporate Bond | 2.650% | 11/15/10 | | | 1,568,931 |
| | Mbna Master Cr Card Tr Ii V/R | | Corporate Bond | 5.247% | 12/15/08 | | | 2,322,442 |
| | Merck & Co Inc | | Corporate Bond | 5.250% | 07/01/06 | | | 125,165 |
| | Metropolitan Life Global Fdg I | | Corporate Bond | 2.600% | 06/19/08 | | | 282,879 |
| | Morgan Stanley Abs Cap I Inc | | Corporate Bond | 5.059% | 09/25/35 | | | 1,029,075 |
| | Morgan Stanley Cap I Inc | | Corporate Bond | 6.530% | 03/15/31 | | | 1,400,367 |
| | Nationslink Fdg Corp | | Corporate Bond | 6.316% | 01/20/31 | | | 890,697 |
| | New Centy Home Equity Ln Tr | | Corporate Bond | 5.039% | 01/25/36 | | | 1,110,519 |
| | Nissan Auto Receivables 2003-C | | Corporate Bond | 2.700% | 12/17/07 | | | 1,336,136 |
| | Nissan Auto Receivables 2004-A | | Corporate Bond | 2.010% | 11/15/07 | | | 1,047,989 |
| | Option One Mtg Ln Tr | | Corporate Bond | 5.059% | 11/25/35 | | | 1,223,774 |
| | Ownit Mtg Ln Tr | | Corporate Bond | 5.079% | 08/25/36 | | | 1,203,270 |
| | Peoples Choice Home Ln Secs Tr | | Corporate Bond | 5.079% | 08/25/35 | | | 985,628 |
| | Residential Accredit Lns Inc | | Corporate Bond | 6.000% | 12/25/16 | | | 76,700 |
| | Residential Fdg Mtg Secs I Inc | | Corporate Bond | 5.500% | 09/25/33 | | | 833,750 |
| | Residential Asset Mtg Prods | | Corporate Bond | 5.069% | 05/25/35 | | | 923,024 |
| | Residential Asset Mtg Prods | | Corporate Bond | | 08/27/07 | | | 1,320,390 |
| | Slm Student Ln Tr | | Corporate Bond | 3.920% | 01/25/18 | | | 1,137,736 |
| | Specialty Underwriting & | | Corporate Bond | 5.079% | 06/25/36 | | | 1,197,414 |
| | Structured Asset Secs Corp | | Corporate Bond | 6.840% | 10/12/34 | | | 43,742 |
| | Structured Asset Secs Corp | | Corporate Bond | 4.920% | 03/25/34 | | | 891,367 |
| | Structured Adj Rate Mtg Ln Tr | | Corporate Bond | 5.259% | 09/25/34 | | | 508,982 |
| | Structured Asset Invt Ln Tr | | Corporate Bond | 5.049% | 12/27/35 | | | 1,342,984 |
| | Tms Sba Ln Tr | | Corporate Bond | 7.520% | 01/15/25 | | | 131,981 |
| | Tms Sba Ln Tr | | Corporate Bond | 3.610% | 04/15/24 | | | 208,914 |
| | Usaa Auto Ownwe Tr | | Corporate Bond | 3.900% | 07/15/09 | | | 716,692 |
| | Usaa Auto Owner Tr | | Corporate Bond | 2.060% | 04/15/08 | | | 826,465 |
| | Usaa Owner Trust 2005-1 A2 | | Corporate Bond | 3.550% | 09/17/07 | | | 636,550 |
| | U S Bk Natl Assn Minneapolis | | Corporate Bond | 6.300% | 07/15/08 | | | 279,609 |
| | Verizon Global Fdg Corp | | Corporate Bond | 6.125% | 06/15/07 | | | 406,796 |
S-3
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Vodafone Group Plc New | | Corporate Bond | 3.950% | 01/30/08 | | | 108,076 |
| | Virginia Elec & Pwr Co | | Corporate Bond | 5.750% | 03/31/06 | | | 466,051 |
| | Wachovia Corp 2Nd New | | Corporate Bond | 3.500% | 08/15/08 | | | 241,570 |
| | Washington Mut Asset Secs Corp | | Corporate Bond | 4.240% | 05/25/36 | | | 931,971 |
| | Washington Mut Mtg Secs Corp | | Corporate Bond | 6.192% | 11/25/30 | | | 216,097 |
| | Washington Mut Mtg Secs Corp | | Corporate Bond | 6.250% | 02/25/32 | | | 121,995 |
| | Wells Fargo & Co New | | Corporate Bond | 4.125% | 03/10/08 | | | 2,068,458 |
| | Tms Sba Ln Tr V/R | | Corporate Bond | 8.000% | 01/15/25 | | | 192,821 |
| | Us Central Credit Union | | Corporate Bond | 2.750% | 05/30/08 | | | 276,538 |
| | American Express Cr Account | | Corporate Bond | 5.098% | 02/15/13 | | | 650,125 |
| | Aol Time Warner Inc | | Corporate Bond | 7.625% | 04/15/31 | | | 11,137 |
| | Asif Global Financing Xxiii Nt | | Corporate Bond | 3.900% | 10/22/08 | | | 97,296 |
| | At&T Broadband Corp | | Corporate Bond | 8.375% | 03/15/13 | | | 109,961 |
| | Avalonbay Cmntys Inc M/T/N | | Corporate Bond | 4.950% | 03/15/13 | | | 63,623 |
| | Banc One Corp | | Corporate Bond | 2.625% | 06/30/08 | | | 80,543 |
| | Banc Amer Coml Mtg Inc | | Corporate Bond | 6.503% | 04/15/36 | | | 474,787 |
| | Banc Amer Coml Mtg Inc | | Corporate Bond | 6.186% | 06/11/35 | | | 468,293 |
| | Banc Amer Alternative Ln Tr | | Corporate Bond | 5.000% | 07/25/19 | | | 232,045 |
| | Banc Amer Alternative Ln Tr | | Corporate Bond | 5.000% | 06/25/19 | | | 218,588 |
| | Banc Amer Coml Mtg Inc | | Corporate Bond | 4.512% | 12/10/42 | | | 426,031 |
| | Bankamerica Corp | | Corporate Bond | 6.250% | 04/01/08 | | | 51,405 |
| | Bank New York Inc | | Corporate Bond | 3.750% | 02/15/08 | | | 97,705 |
| | Berkshire Hathaway Fin Corp | | Corporate Bond | 3.375% | 10/15/08 | | | 120,441 |
| | Berkshire Hathaway Fin Corp | | Corporate Bond | 3.400% | 07/02/07 | | | 112,548 |
| | Berkshire Hathaway Fin Corp | | Corporate Bond | 4.125% | 01/15/10 | | | 53,445 |
| | Bristol-Meyer Squibb | | Corporate Bond | 6.875% | 08/01/97 | | | 56,786 |
| | Bskyb Fin U K Plc | | Corporate Bond | 6.500% | 10/15/35 | | | 39,859 |
| | Canadian Pac Ry Co New | | Corporate Bond | 6.250% | 10/15/11 | | | 79,663 |
| | Canadian Pac Ry Co New | | Corporate Bond | 5.750% | 03/15/33 | | | 103,699 |
| | Capital Auto Receivables Asset | | Corporate Bond | 2.920% | 04/15/08 | | | 393,601 |
| | Chase Coml Mtg Secs Corp | | Corporate Bond | 7.198% | 01/15/32 | | | 267,869 |
| | Chase Issuance Tr | | Corporate Bond | 3.220% | 06/15/10 | | | 632,509 |
| | Chrysler Corp | | Corporate Bond | 7.450% | 03/01/27 | | | 27,131 |
| | Citigroup Inc | | Corporate Bond | 6.200% | 03/15/09 | | | 51,863 |
| | Citibank Cr Card Issuance Tr | | Corporate Bond | 2.550% | 01/20/09 | | | 732,505 |
| | Citigroup Inc | | Corporate Bond | 3.500% | 02/01/08 | | | 267,729 |
| | Citigroup Inc | | Corporate Bond | 4.625% | 08/03/10 | | | 49,308 |
| | Citibank Cr Card Issuance Tr | | Corporate Bond | 2.900% | 05/17/10 | | | 478,679 |
S-4
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Citigroup Inc | | Corporate Bond | 5.850% | 12/11/34 | | | 52,072 |
| | Citigroup Inc | | Corporate Bond | 4.125% | 02/22/10 | | | 291,450 |
| | Citigroup Inc | | Corporate Bond | 3.625% | 02/09/09 | | | 385,100 |
| | Citibank Cr Card Issuance Tr | | Corporate Bond | 3.200% | 08/24/09 | | | 803,736 |
| | Comcast Corp New | | Corporate Bond | 7.050% | 03/15/33 | | | 107,958 |
| | Comcast Corp New | | Corporate Bond | 6.500% | 11/15/35 | | | 127,383 |
| | Commercial Mtg Accep Corp Coml | | Corporate Bond | 6.030% | 09/15/30 | | | 441,006 |
| | Consolidated Nat Gas Co | | Corporate Bond | 5.000% | 03/01/14 | | | 24,433 |
| | Credit Suisse First Boston Mtg | | Corporate Bond | 6.300% | 11/11/30 | | | 340,392 |
| | Credit Suisse First Boston Mtg | | Corporate Bond | 4.832% | 04/15/37 | | | 390,090 |
| | Cwabs Inc | | Corporate Bond | 5.119% | 02/25/36 | | | 649,271 |
| | Daimlerchrysler North Amer | | Corporate Bond | 4.050% | 06/04/08 | | | 48,675 |
| | Depfa Acs Bk | | Corporate Bond | 3.625% | 10/29/08 | | | 291,531 |
| | Devon Fing Corp U L C | | Corporate Bond | 7.875% | 09/30/31 | | | 82,596 |
| | Deutsche Telekom Intl Fin B V | | Corporate Bond | 8.250% | 06/15/30 | | | 25,438 |
| | Dlj Coml Mtg Corp | | Corporate Bond | 6.410% | 02/18/31 | | | 95,568 |
| | Dominion Res Inc Del | | Corporate Bond | 7.195% | 09/15/14 | | | 88,878 |
| | Dominion Res Inc Del | | Corporate Bond | 5.125% | 12/15/09 | | | 49,854 |
| | Eksportfinans A S A Medium | | Corporate Bond | 3.375% | 01/15/08 | | | 424,190 |
| | Encana Corp | | Corporate Bond | 6.505% | 08/15/34 | | | 55,868 |
| | Enterprise Prods Oper L P | | Corporate Bond | 4.000% | 10/15/07 | | | 48,955 |
| | Federated Dept Stores Inc Del | | Corporate Bond | 6.790% | 07/15/27 | | | 52,561 |
| | First Un Corp | | Corporate Bond | 6.300% | 04/15/08 | | | 129,215 |
| | First Union-Lehman Bros Bk-Amer | | Corporate Bond | 6.560% | 11/18/35 | | | 307,171 |
| | Firstenergy Corp | | Corporate Bond | 7.375% | 11/15/31 | | | 17,700 |
| | Florida Pwr & Lt Co | | Corporate Bond | 4.950% | 06/01/35 | | | 45,700 |
| | Fort Irwin Ld Llc | | Corporate Bond | 5.300% | 12/15/35 | | | 111,491 |
| | Fort Irwin Ld Llc | | Corporate Bond | 5.030% | 12/15/25 | | | 48,319 |
| | General Elec Cap Corp M/T/N | | Corporate Bond | 3.450% | 01/15/08 | | | 1,121,796 |
| | General Elec Cap Corp Medium | | Corporate Bond | 4.125% | 09/01/09 | | | 121,685 |
| | General Elec Cap Corp Medium | | Corporate Bond | 5.000% | 11/15/11 | | | 1,161,137 |
| | GMAC Commercial Mortgage Secur | | Corporate Bond | 6.175% | 05/15/33 | | | 179,779 |
| | GMAC Comm Mtg Sec Inc | | Corporate Bond | 6.945% | 09/15/33 | | | 448,245 |
| | GMAC Coml Mtg Sec Inc | | Corporate Bond | | 03/15/33 | | | 560,393 |
| | GMAC Coml Mtg Secs Inc | | Corporate Bond | 7.179% | 08/15/36 | | | 407,158 |
| | Gs Mtg Secs Corp Ii | | Corporate Bond | 6.135% | 10/18/30 | | | 292,544 |
S-5
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Gs Mtg Secs Corp Ii | | Corporate Bond | 4.751% | 07/10/39 | | | 388,125 |
| | Gs Mtg Secs Corp | | Corporate Bond | 4.073% | 08/25/34 | | | 817,949 |
| | Gte Corp | | Corporate Bond | 6.940% | 04/15/28 | | | 26,755 |
| | Heller Finl Coml Mtg Asset Corp | | Corporate Bond | 6.847% | 05/15/31 | | | 235,207 |
| | Homebanc Mtg Tr | | Corporate Bond | 5.229% | 10/25/35 | | | 403,847 |
| | Honda Auto Receivables Owner Trust | Corporate Bond | 4.460% | 05/21/09 | | | 595,615 |
| | Household Fin Corp | | Corporate Bond | 6.375% | 10/15/11 | | | 221,987 |
| | Household Fin Corp Nt | | Corporate Bond | 6.450% | 02/01/09 | | | 41,445 |
| | J P Morgan Chase & Co | | Corporate Bond | 5.350% | 03/01/07 | | | 175,686 |
| | J P Morgan Chase Coml Mtg Secs | | Corporate Bond | 4.895% | 09/12/37 | | | 416,290 |
| | J P Morgan Chase Coml Mtg Secs | | Corporate Bond | 5.857% | 10/12/35 | | | 476,045 |
| | J P Morgan Chase Coml Mtg Secs | | Corporate Bond | 6.429% | 04/15/35 | | | 365,292 |
| | L-Bank Foerderbkbank | | Corporate Bond | 4.250% | 09/15/10 | | | 343,746 |
| | Lb-Ubs Coml Mtg Tr | | Corporate Bond | 7.370% | 08/15/26 | | | 331,141 |
| | Lennar Corp | | Corporate Bond | 5.600% | 05/31/15 | | | 24,138 |
| | Lockheed Martin Corp 8.50 01Dec2029 | Corporate Bond | 8.500% | 12/01/29 | | | 102,223 |
| | Massmutual Global Fdg Ii | | Corporate Bond | 2.550% | 07/15/08 | | | 136,905 |
| | Mastr Alternative Ln Tr | | Corporate Bond | 5.500% | 05/25/34 | | | 221,900 |
| | May Dept Stores | | Corporate Bond | 8.125% | 08/15/35 | | | 55,295 |
| | May Dept Stores Co | | Corporate Bond | 6.650% | 07/15/24 | | | 21,028 |
| | May Dept Stores Co | | Corporate Bond | 6.700% | 07/15/34 | | | 10,651 |
| | Mbna Cr Card Master Nt Tr | | Corporate Bond | 2.650% | 11/15/10 | | | 641,836 |
| | Mbna Cr Card Master Nt Tr | | Corporate Bond | 2.700% | 09/15/09 | | | 584,211 |
| | Mbna Cr Card Master Nt Tr | | Corporate Bond | 5.055% | 12/15/10 | | | 624,916 |
| | Metlife Inc | | Corporate Bond | 5.700% | 06/15/35 | | | 60,222 |
| | Morgan J P Coml Mtg Fin Corp | | Corporate Bond | 7.371% | 08/15/32 | | | 338,927 |
| | Morgan Stanley Cap I Inc | | Corporate Bond | 6.480% | 11/15/30 | | | 394,131 |
| | Morgan Stanley Co | | Corporate Bond | 6.750% | 04/15/11 | | | 107,653 |
| | Morgan Stanley | | Corporate Bond | 5.050% | 01/21/11 | | | 350,105 |
| | National Westminster Bk Plc | | Corporate Bond | 7.375% | 10/01/09 | | | 81,424 |
| | News Amer Hldgs Inc Sr Deb | | Corporate Bond | 7.750% | 01/20/24 | | | 45,094 |
| | News Amer Hldgs Inc | | Corporate Bond | 8.500% | 02/23/25 | | | 60,158 |
| | News Amer Inc | | Corporate Bond | 7.300% | 04/30/28 | | | 109,717 |
| | News Amer Inc | | Corporate Bond | 7.280% | 06/30/28 | | | 27,335 |
S-6
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | News Amer Inc | | Corporate Bond | 6.200% | 12/15/34 | | | 14,900 |
| | News Amer Inc | | Corporate Bond | 6.400% | 12/15/35 | | | 50,397 |
| | Northrop Grumman 7.875 01Mar2026 | Corporate Bond | 7.875% | 03/01/26 | | | 94,583 |
| | Northrop Grumman Corp | | Corporate Bond | 4.079% | 11/16/06 | | | 128,995 |
| | Peoples Choice Home Ln Secs Tr | | Corporate Bond | 5.079% | 08/25/35 | | | 595,961 |
| | Platinum Underwriters Fin Inc | | Corporate Bond | 7.500% | 06/01/17 | | | 101,908 |
| | Protective Life Secd Trs Secd M/T/N | Corporate Bond | 3.700% | 11/24/08 | | | 14,558 |
| | Progress Energy Inc | | Corporate Bond | 7.750% | 03/01/31 | | | 65,975 |
| | Progress Energy Inc | | Corporate Bond | 7.000% | 10/30/31 | | | 55,486 |
| | Pulte Corp Sr Nt | | Corporate Bond | 5.200% | 02/15/15 | | | 42,333 |
| | Rasc Ser 2005-Ks12 Tr | | Corporate Bond | 5.049% | 06/25/26 | | | 599,813 |
| | Raytheon Co | | Corporate Bond | 4.500% | 11/15/07 | | | 18,836 |
| | Rouse Co | | Corporate Bond | 3.625% | 03/15/09 | | | 154,113 |
| | SBC Communications Inc | | Corporate Bond | 6.450% | 06/15/34 | | | 36,420 |
| | SBC Communications Inc | | Corporate Bond | 6.150% | 09/15/34 | | | 20,089 |
| | Salomon Bros Mtg Secs Vii Inc | | Corporate Bond | 6.499% | 10/13/11 | | | 468,679 |
| | Salomon Bros Coml Mtg Tr | | Corporate Bond | 6.592% | 12/18/33 | | | 374,622 |
| | Scottish Pwr Plc | | Corporate Bond | 5.375% | 03/15/15 | | | 70,039 |
| | Scottish Pwr Plc | | Corporate Bond | 4.910% | 03/15/10 | | | 99,072 |
| | Sprint Cap Corp | | Corporate Bond | 6.875% | 11/15/28 | | | 27,317 |
| | Sprint Cap Corp | | Corporate Bond | 8.750% | 03/15/32 | | | 59,719 |
| | Structured Asset Secs Corp | | Corporate Bond | 3.357% | 01/25/31 | | | 293,735 |
| | Structured Adj Rate Mtg Ln Tr | | Corporate Bond | 5.279% | 10/25/35 | | | 512,375 |
| | Suncor Energy Inc | | Corporate Bond | 5.950% | 12/01/34 | | | 10,578 |
| | Suntrust Bank Inc | | Corporate Bond | 3.625% | 10/15/07 | | | 200,549 |
| | Suntrust Banks Inc C/D | | Corporate Bond | 4.415% | 06/15/09 | | | 107,309 |
| | Suntrust Bk Inc | | Corporate Bond | 4.000% | 10/15/08 | | | 68,400 |
| | Swedish Export Cr Corp | | Corporate Bond | 2.875% | 01/26/07 | | | 122,578 |
| | Tci Communications Inc Deb | | Corporate Bond | 7.125% | 02/15/28 | | | 123,499 |
| | Teck Cominco Ltd | | Corporate Bond | 6.125% | 10/01/35 | | | 49,448 |
| | Tiaa Global Mkts Inc | | Corporate Bond | 3.875% | 01/22/08 | | | 49,031 |
| | Time Warner Companies Inc | | Corporate Bond | 7.570% | 02/01/24 | | | 239,965 |
| | Tyco Intl Group Sa | | Corporate Bond | 6.375% | 10/15/11 | | | 124,631 |
| | UBS Pfd Fdg Tr I | | Corporate Bond | 8.622% | 10/29/49 | | | 57,195 |
| | U S Bancorp M/T/N | | Corporate Bond | 3.950% | 08/23/07 | | | 24,676 |
| | U S Bk Natl Assn Cincinnati M/T/N | | Corporate Bond | 2.850% | 11/15/06 | | | 147,525 |
S-7
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | U S Bk Natl Assn Cincinnati | | Corporate Bond | 4.400% | 08/15/08 | | | 296,982 |
| | Vodafone Airtouch Plc | | Corporate Bond | 7.750% | 02/15/10 | | | 202,625 |
| | Vodafone Group Plc New | | Corporate Bond | 5.000% | 09/15/15 | | | 48,701 |
| | Verizon Md Inc | | Corporate Bond | 5.125% | 06/15/33 | | | 75,594 |
| | Verizon Global Fdg Corp | | Corporate Bond | 5.850% | 09/15/35 | | | 24,092 |
| | Wachovia Bk Coml Mtg Tr | | Corporate Bond | 5.125% | 08/15/35 | | | 499,280 |
| | Wellpoint Inc Com | | Corporate Bond | 5.950% | 12/15/34 | | | 87,624 |
| | Wells Fargo & Co New | | Corporate Bond | 4.200% | 01/15/10 | | | 77,882 |
| | Wells Fargo Mtg Backed Secs V/R | | Corporate Bond | 4.476% | 07/25/34 | | | 705,200 |
| | Wells Fargo & Co New | | Corporate Bond | 4.000% | 08/15/08 | | | 147,198 |
| | Wells Fargo & Co New | | Corporate Bond | 4.625% | 08/09/10 | | | 232,074 |
| | Wyeth | | Corporate Bond | 6.000% | 02/15/36 | | | 102,979 |
| | Associates Corp North Amer Sr Nts | | Corporate Bond | 6.875% | 11/15/08 | | | 368,444 |
| | | | | Total Corporate Bonds | 119,127,824 |
| | Federal Natl Mtg Assn Remic Tr | | Government Fixed Income | 5.750% | 07/25/35 | | | 816,559 |
| | Federal Natl Mtg Assn Remic Tr | | Government Fixed Income | 5.750% | 08/25/23 | | | 1,028,331 |
| | Federal Natl Mtg Assn Gtd Remic | | Government Fixed Income | 3.310% | 02/25/32 | | | 256,922 |
| | Federal Home Ln Mtg Corp Deb | | Government Fixed Income | 3.370% | 04/28/08 | | | 1,547,214 |
| | Federal Natl Mtg Assn M/T/N | | Government Fixed Income | 2.710% | 01/30/07 | | | 3,400,070 |
| | Federal Natl Mtg Assn M/T/N | | Government Fixed Income | 2.750% | 05/10/06 | | | 1,539,828 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 5.250% | 01/15/06 | | | 4,151,297 |
| | Federal Natl Mtg Assn Medium | | Government Fixed Income | 2.770% | 12/29/06 | | | 622,895 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 5.000% | 03/15/18 | | | 784,627 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 3.750% | 03/03/09 | | | 800,508 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 5.500% | 05/15/35 | | | 1,024,860 |
| | Gov't Nat'l Mtge Assn Pool # 80947 | Government Fixed Income | 3.750% | 06/20/34 | | | 2,500,999 |
| | Gov't Nat'l Mtge Assn Pool # 81257 | Government Fixed Income | 5.000% | 02/20/35 | | | 2,237,919 |
| | U S Treasury Notes | | Government Fixed Income | 4.625% | 05/15/06 | | | 5,085,182 |
| | U S Treasury Notes | | Government Fixed Income | 3.750% | 05/15/08 | | | 354,881 |
| | United States Treas Nts | | Government Fixed Income | 2.375% | 08/31/06 | | | 291,082 |
| | U S Treasury Bonds | | Government Fixed Income | 10.375% | 11/15/12 | | | 862,022 |
| | Gov't Nat'l Mtge Assn Pool # 780487 | Government Fixed Income | 7.250% | 04/15/06 | | | 141 |
S-8
2005
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)
AS OF DECEMBER 31, 2005
(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 # 780985 | Government Fixed Income | 6.000% | 12/15/08 | | | 119,704 |
| | Gov't Nat'l Mtge Assn Pool # 781284 | Government Fixed Income | 6.000% | 02/15/11 | | | 173,268 |
| | Federal Nat'l Mtge Assn Pool # 735681 | Government Fixed Income | 5.500% | 07/01/20 | | | 1,357,685 |
| | Federal Nat'l Mtge Assn Pool # 251904 | Government Fixed Income | 6.000% | 08/01/08 | | | 95,421 |
| | Federal Nat'l Mtge Assn Pool # 255572 | Government Fixed Income | 5.500% | 12/01/14 | | | 359,287 |
| | Federal Nat'l Mtge Assn Pool # 806556 | Government Fixed Income | 4.560% | 02/01/35 | | | 2,108,651 |
| | Federal Nat'l Mtge Assn Pool # 255676 | Government Fixed Income | 5.500% | 03/01/15 | | | 338,221 |
| | Federal Nat'l Mtge Assn Pool # 86643 | Government Fixed Income | 5.300% | 06/01/29 | | | 4,457 |
| | Federal Nat'l Mtge Assn Pool # 0323331 | Government Fixed Income | 6.500% | 11/01/08 | | | 164,169 |
| | Federal Nat'l Mtge Assn Pool # 835245 | Government Fixed Income | 5.031% | 10/01/35 | | | 979,007 |
| | Federal Nat'l Mtge Assn Pool # 255989 | Government Fixed Income | 5.500% | 11/01/20 | | | 2,195,849 |
| | Federal Nat'l Mtge Assn Pool # 828056 | Government Fixed Income | 4.869% | 06/01/35 | | | 1,065,117 |
| | Federal Nat'l Mtge Assn Pool # 555255 | Government Fixed Income | 6.169% | 04/01/40 | | | 318,855 |
| | Federal Nat'l Mtge Assn Pool # 460770 | Government Fixed Income | 4.524% | 12/01/09 | | | 628,427 |
| | Federal Nat'l Mtge Assn Pool # 735386 | Government Fixed Income | 5.500% | 01/01/20 | | | 179,458 |
| | Federal Nat'l Mtge Assn Pool # 255954 | Government Fixed Income | 5.500% | 10/01/20 | | | 889,862 |
| | Federal Natl Mtg Assn Remic Tr | | Government Fixed Income | 5.500% | 05/25/27 | | | 707,560 |
| | Federal Natl Mtg Assn Remic Tr | | Government Fixed Income | 6.000% | 08/25/28 | | | 412,898 |
| | Federal Natl Mtg Assn Remic Tr | | Government Fixed Income | 5.000% | 03/25/18 | | | 128,019 |
| | Federal Home Ln Mtg Corp Remic Tr | Government Fixed Income | 5.000% | 12/15/17 | | | 276,471 |
| | Federal Natl Mtg Assn Remic Tr | | Government Fixed Income | 6.500% | 07/25/34 | | | 258,884 |
| | Federal Natl Mtg Assn Gtd Remic | | Government Fixed Income | 5.500% | 02/25/35 | | | 363,013 |
| | Federal Natl Mtg Assn Gtd | | Government Fixed Income | 5.500% | 08/25/35 | | | 341,079 |
| | Federal Natl Mtg Assn Gtd | | Government Fixed Income | 5.500% | 01/25/34 | | | 418,565 |
| | Federal Natl Mtg Assn Gtd | | Government Fixed Income | 5.500% | 12/25/33 | | | 341,745 |
S-9
2005
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)
AS OF DECEMBER 31, 2005
(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 Natl Mtg Assn | | Government Fixed Income | 2.350% | 04/05/07 | | | 674,584 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 3.000% | 03/02/07 | | | 877,100 |
| | Federal Natl Mtg Assn | | Government Fixed Income | 1.750% | 06/16/06 | | | 182,630 |
| | Federal Natl Mtg Assn M/T/N | | Government Fixed Income | 2.710% | 01/30/07 | | | 1,345,352 |
| | Federal Natl Mtg Assn M/T/N | | Government Fixed Income | 2.350% | 04/29/06 | | | 124,102 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 4.625% | 05/28/13 | | | 263,656 |
| | Federal Natl Mtg Assn M/T/N | | Government Fixed Income | | 03/15/07 | | | 361,906 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 5.500% | 01/15/31 | | | 430,992 |
| | Federal Home Ln Mtg Corp | | Government Fixed Income | 5.500% | 04/15/35 | | | 403,899 |
| | Gov't Nat'l Mtg Assn Pool# 781590 | Government Fixed Income | 5.500% | 04/15/33 | | | 109,603 |
| | Gov't Nat'l Mtge Assn Pool # 589206 | Government Fixed Income | 6.000% | 10/15/32 | | | 11,300 |
| | Gov't Nat'l Mtge Assn Pool # 599742 | Government Fixed Income | 6.000% | 10/15/32 | | | 5,184 |
| | Gov't Nat'l Mtge Assn Pool # 80916 | Government Fixed Income | 3.750% | 05/20/34 | | | 402,985 |
| | Israel St | | Government Fixed Income | 5.500% | 09/18/33 | | | 163,889 |
| | Resolution Fdg Corp Fed Book | | Government Fixed Income | | 10/15/18 | | | 40,946 |
| | Resolution Fdg Corp Fed Book | | Government Fixed Income | | 07/15/18 | | | 41,468 |
| | Slm Student Ln Tr | | Government Fixed Income | 5.220% | 10/25/16 | | | 448,952 |
| | Small Business Admin Gtd Partn | | Government Fixed Income | 4.524% | 02/10/13 | | | 369,690 |
| | U S Treasury Bonds | | Government Fixed Income | 8.500% | 02/15/20 | | | 1,017,039 |
| | U S Treasury Bonds | | Government Fixed Income | 8.750% | 08/15/20 | | | 611,402 |
| | U S Treasury Bonds | | Government Fixed Income | 6.250% | 08/15/23 | | | 1,289,671 |
| | U S Treasury Bonds | | Government Fixed Income | 6.000% | 02/15/26 | | | 1,061,297 |
| | U S Treasury Bonds | | Government Fixed Income | 6.750% | 08/15/26 | | | 678,731 |
| | U S Treas Infl Idx N/B | | Government Fixed Income | 0.875% | 04/15/10 | | | 1,294,340 |
| | United States Treas Nts | | Government Fixed Income | 3.750% | 03/31/07 | | | 535,399 |
| | United States Treas Nts | | Government Fixed Income | 4.500% | 11/15/15 | | | 438,567 |
| | United States Treas Nts | | Government Fixed Income | 4.375% | 11/15/08 | | | 785,123 |
| | United States Treas Nts | | Government Fixed Income | 4.250% | 11/30/07 | | | 4,063,060 |
| | U S Treasury Bonds | | Government Fixed Income | 8.125% | 08/15/19 | | | 1,600,835 |
| | U S Treasury Bonds | | Government Fixed Income | 10.375% | 11/15/12 | | | 690,723 |
| | U S Treasury Bond | | Government Fixed Income | 5.500% | 08/15/28 | | | 134,929 |
| | U S Treasury Bonds | | Government Fixed Income | 5.375% | 02/15/31 | | | 185,341 |
| | Gov't Nat'l Mtge Assn Pool # 590089 | Government Fixed Income | 5.500% | 07/15/33 | | | 66,277 |
S-10
2005
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)
AS OF DECEMBER 31, 2005
(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 # 572394 | Government Fixed Income | 7.000% | 11/15/31 | | | 6,631 |
| | Gov't Nat'l Mtge Assn Pool # 499416 | Government Fixed Income | 6.000% | 02/15/29 | | | 4,615 |
| | Gov't Nat'l Mtge Assn Pool # 372062 | Government Fixed Income | 6.500% | 03/15/24 | | | 83,891 |
| | Gov't Nat'l Mtge Assn Pool # 781548 | Government Fixed Income | 7.000% | 11/15/32 | | | 16,962 |
| | Gov't Nat'l Mtge Assn Pool # 781328 | Government Fixed Income | 7.000% | 09/15/31 | | | 80,333 |
| | Fed'l Home Loan Mtge Corp Grp # B19667 | Government Fixed Income | 5.000% | 08/01/20 | | | 191,100 |
| | FHLMC Tba 15Yr Gold Sfm 05.50% Jan | Government Fixed Income | 5.500% | 01/01/19 | | | 100,563 |
| | Fed'l Home Loan Mtge Corp Grp # G11769 | Government Fixed Income | 5.000% | 10/01/20 | | | 670,337 |
| | Fed'l Home Loan Mtge Corp Grp # M80817 | Government Fixed Income | 4.000% | 05/01/10 | | | 187,532 |
| | Fed'l Home Loan Mtge Corp Grp # B18712 | Government Fixed Income | 5.000% | 11/01/19 | | | 1,188,674 |
| | FNMA Tba 15Yr Sfm 04.50% Jan | | Government Fixed Income | 4.500% | 01/01/19 | | | 3,113,000 |
| | FNMA Tba 30Yr Sfm 04.50% Jan | | Government Fixed Income | 4.500% | 01/01/35 | | | 847,406 |
| | FNMA Tba 15Yr Sfm 05.50% Jan | | Government Fixed Income | 5.500% | 01/01/20 | | | 1,207,125 |
| | Fed'l Home Loan Mtge Corp Grp # G18065 | Government Fixed Income | 5.000% | 07/01/20 | | | 377,997 |
| | FNMA Tba 30Yr Sfm 06.50% Jan | | Government Fixed Income | 6.500% | 01/01/35 | | | (1,025,625) |
| | Fed'l Home Loan Mtge Corp Grp # G01391 | Government Fixed Income | 7.000% | 04/01/32 | | | 95,641 |
| | Fed'l Home Loan Mtge Corp Grp # E00627 | Government Fixed Income | 5.500% | 02/01/14 | | | 190,778 |
| | FHLMC Tba 15Yr Gold Sfm 05.00% Dec | Government Fixed Income | 5.000% | 12/01/16 | | | (297,047) |
| | Fed'l Home Loan Mtge Corp Grp # G11777 | Government Fixed Income | 5.000% | 10/01/20 | | | 289,050 |
| | Fed'l Home Loan Mtge Corp Grp # B15485 | Government Fixed Income | 5.000% | 06/01/19 | | | 192,624 |
| | FHLMC Tba 30Yr Gold Sfm 06.00% Jan | Government Fixed Income | 6.000% | 01/01/34 | | | (403,875) |
| | Fed'l Home Loan Mtge Corp Grp # E91860 | Government Fixed Income | 5.500% | 10/01/17 | | | 101,652 |
S-11
2005
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)
AS OF DECEMBER 31, 2005
(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 # G01770 | Government Fixed Income | 5.500% | 01/01/35 | | | 641,388 |
| | Fed'l Home Loan Mtge Corp Grp # E88978 | Government Fixed Income | 5.500% | 04/01/17 | | | 119,510 |
| | Fed'l Home Loan Mtge Corp Grp # C90213 | Government Fixed Income | 7.000% | 04/01/18 | | | 27,821 |
| | Fed'l Home Loan Mtge Corp Grp # G11681 | Government Fixed Income | 5.000% | 04/01/20 | | | 183,808 |
| | Fed'l Home Loan Mtge Corp Grp # G01912 | Government Fixed Income | 5.000% | 09/01/35 | | | 574,494 |
| | Fed'l Home Loan Mtge Corp Grp # G01534 | Government Fixed Income | 6.000% | 04/01/33 | | | 410,252 |
| | FNMA Tba 30Yr Sfm 05.50% Jan | | Government Fixed Income | 5.500% | 01/01/35 | | | (4,455,000) |
| | FNMA Tba 15Yr Sfm 05.00% Jan | | Government Fixed Income | 5.000% | 01/01/20 | | | (692,344) |
| | FHLMC Tba 15Yr Gold Sfm 05.00% Jan | Government Fixed Income | 5.000% | 01/01/19 | | | (2,771,125) |
| | FNMA Tba 30Yr Sfm 06.00% Jan | | Government Fixed Income | 6.000% | 01/01/35 | | | (302,719) |
| | FNMA Tba 30Yr Sfm 05.00% Jan | | Government Fixed Income | 5.000% | 01/01/35 | | | (1,646,875) |
| | FHLMC Tba 30Yr Gold Sfm 05.00% Jan | Government Fixed Income | 5.000% | 01/15/33 | | | 2,225,969 |
| | Fed'l Home Loan Mtge Corp Grp # G18078 | Government Fixed Income | 5.000% | 10/01/20 | | | 55,162 |
| | Fed'l Home Loan Mtge Corp Grp # B18931 | Government Fixed Income | 4.500% | 03/01/20 | | | 92,314 |
| | Fed'l Home Loan Mtge Corp Grp # C49499 | Government Fixed Income | 6.500% | 04/01/31 | | | 5,558 |
| | Fed'l Home Loan Mtge Corp Grp # G01740 | Government Fixed Income | 5.500% | 12/01/34 | | | 122,168 |
| | Fed'l Home Loan Mtge Corp Grp # J00108 | Government Fixed Income | 5.000% | 09/01/20 | | | 564,092 |
| | Fed'l Home Loan Mtge Corp Grp # J00432 | Government Fixed Income | 5.000% | 11/01/20 | | | 234,937 |
| | Fed'l Home Loan Mtge Corp Grp # J00774 | Government Fixed Income | 5.000% | 12/01/20 | | | 693,091 |
| | Fed'l Home Loan Mtge Corp Grp # G11812 | Government Fixed Income | 5.000% | 12/01/20 | | | 1,782,233 |
| | Fed'l Home Loan Mtge Corp Grp # J00813 | Government Fixed Income | 5.000% | 12/01/20 | | | 111,874 |
| | Fed'l Home Loan Mtge Corp Grp # J00555 | Government Fixed Income | 5.000% | 12/01/20 | | | 241,886 |
S-12
2005
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)
AS OF DECEMBER 31, 2005
(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 # J02314 | Government Fixed Income | 5.000% | 07/01/20 | | | 396,013 |
| | Fed'l Home Loan Mtge Corp Grp # B14156 | Government Fixed Income | 4.000% | 05/01/19 | | | 71,219 |
| | Fed'l Home Loan Mtge Corp Grp # B14838 | Government Fixed Income | 4.500% | 06/01/19 | | | 433,911 |
| | Fed'l Home Loan Mtge Corp Grp # J00515 | Government Fixed Income | 5.000% | 11/01/20 | | | 779,243 |
| | Fed'l Home Loan Mtge Corp Grp # G11742 | Government Fixed Income | 5.000% | 07/01/20 | | | 92,085 |
| | Fed'l Home Loan Mtge Corp Grp # G11720 | Government Fixed Income | 4.500% | 08/01/20 | | | 554,496 |
| | Federal Nat'l Mtge Assn Pool # 545762 | Government Fixed Income | 6.500% | 07/01/32 | | | 61,771 |
| | Federal Nat'l Mtge Assn Pool # 783710 | Government Fixed Income | 5.500% | 07/01/34 | | | 224,561 |
| | Federal Nat'l Mtge Assn Pool # 255413 | Government Fixed Income | 6.500% | 10/01/34 | | | 294,339 |
| | Federal Nat'l Mtge Assn Pool # 725424 | Government Fixed Income | 5.500% | 04/01/34 | | | 219,308 |
| | Federal Nat'l Mtge Assn Pool # 555114 | Government Fixed Income | 5.500% | 12/01/17 | | | 10,864 |
| | Federal Nat'l Mtge Assn Pool # 738632 | Government Fixed Income | 5.000% | 11/01/18 | | | 141,248 |
| | Federal Nat'l Mtge Assn Pool # 725206 | Government Fixed Income | 5.500% | 02/01/34 | | | 996,055 |
| | Federal Nat'l Mtge Assn Pool # 555531 | Government Fixed Income | 5.500% | 06/01/33 | | | 104,522 |
| | Federal Nat'l Mtge Assn Pool # 562319 | Government Fixed Income | 7.000% | 01/01/31 | | | 904 |
| | Federal Nat'l Mtge Assn Pool # 725162 | Government Fixed Income | 6.000% | 02/01/34 | | | 356,897 |
| | Federal Nat'l Mtge Assn Pool # 725946 | Government Fixed Income | 5.500% | 11/01/34 | | | 989,741 |
| | Federal Nat'l Mtge Assn Pool # 745140 | Government Fixed Income | 5.000% | 11/01/35 | | | 991,110 |
| | Federal Nat'l Mtge Assn Pool # 545556 | Government Fixed Income | 7.000% | 04/01/32 | | | 23,839 |
| | Federal Nat'l Mtge Assn Pool # 254693 | Government Fixed Income | 5.500% | 04/01/33 | | | 1,051,722 |
| | Federal Nat'l Mtge Assn Pool # 254407 | Government Fixed Income | 7.000% | 08/01/32 | | | 118,528 |
| | Federal Nat'l Mtge Assn Pool # 844803 | Government Fixed Income | 4.500% | 10/01/35 | | | 93,472 |
S-13
2005
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)
AS OF DECEMBER 31, 2005
(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 # 357327 | Government Fixed Income | 5.000% | 01/01/18 | | | 192,805 |
| | Federal Nat'l Mtge Assn Pool # 647484 | Government Fixed Income | 7.000% | 06/01/32 | | | 1,785 |
| | Federal Nat'l Mtge Assn Pool # 809774 | Government Fixed Income | 4.728% | 02/01/35 | | | 357,193 |
| | Federal Nat'l Mtge Assn Pool # 572833 | Government Fixed Income | 6.000% | 04/01/16 | | | 253,751 |
| | Federal Nat'l Mtge Assn Pool # 545823 | Government Fixed Income | 5.500% | 08/01/17 | | | 10,812 |
| | Federal Nat'l Mtge Assn Pool # 545900 | Government Fixed Income | 5.500% | 07/01/17 | | | 30,743 |
| | Federal Nat'l Mtge Assn Pool # 555880 | Government Fixed Income | 5.500% | 11/01/33 | | | 293,614 |
| | Federal Nat'l Mtge Assn Pool # 725027 | Government Fixed Income | 5.000% | 11/01/33 | | | 1,560,415 |
| | Federal Nat'l Mtge Assn Pool # 555606 | Government Fixed Income | 4.000% | 07/01/18 | | | 68,437 |
| | Federal Nat'l Mtge Assn Pool # 254235 | Government Fixed Income | 6.000% | 03/01/17 | | | 15,550 |
| | Federal Nat'l Mtge Assn Pool # 190319 | Government Fixed Income | 6.500% | 02/01/32 | | | 561,634 |
| | Federal Nat'l Mtge Assn Pool # 658290 | Government Fixed Income | 4.500% | 04/01/18 | | | 195,752 |
| | Federal Nat'l Mtge Assn Pool # 687885 | Government Fixed Income | 5.500% | 03/01/18 | | | 77,597 |
| | Federal Nat'l Mtge Assn Pool # 735009 | Government Fixed Income | 5.000% | 05/01/19 | | | 389,114 |
| | Federal Nat'l Mtge Assn Pool # 735494 | Government Fixed Income | 4.500% | 03/01/20 | | | 346,692 |
| | Federal Nat'l Mtge Assn Pool # 779556 | Government Fixed Income | 5.500% | 06/01/34 | | | 251,877 |
| | Federal Nat'l Mtge Assn Pool # 769094 | Government Fixed Income | 5.500% | 06/01/34 | | | 178,192 |
| | Federal Nat'l Mtge Assn Pool # 773501 | Government Fixed Income | 5.500% | 08/01/19 | | | 708,147 |
| | Federal Nat'l Mtge Assn Pool # 776524 | Government Fixed Income | 6.500% | 03/01/34 | | | 269,609 |
| | Federal Nat'l Mtge Assn Pool # 735989 | Government Fixed Income | 5.500% | 02/01/35 | | | 1,526,097 |
| | | | | Total Government Bonds | 82,975,503 |
| | Sales Tax Asset Receivable | | State & Local Obligations | 3.600% | 10/15/08 | | | 194,070 |
| | Texas St Pub Fin Auth Rev | | State & Local Obligations | 2.625% | 06/15/06 | | | 703,596 |
| | | | | Total State & Local Obligations | 897,666 |
S-14
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | |
| | Amresco Independence Fdg Inc V/R | Other Bonds | | 06/15/26 | | | 515,756 |
| | Bayview Finl Acquisition Tr 144A | Other Bonds | 7.010% | 05/25/29 | | | 138,644 |
| | Bellsouth Corp | | Other Bonds | | 04/26/21 | | | 449,460 |
| | Business Ln Ctr Inc V/R Restr | | Other Bonds | 6.750% | 01/15/25 | | | 352,993 |
| | Cwabs Inc | | Other Bonds | 5.079% | 12/25/35 | | | 1,358,775 |
| | Gs Mtg Secs Corp | | Other Bonds | 4.428% | 03/20/23 | | | 357,242 |
| | Hbos Plc Medium Term Sr Nts | Other Bonds | 3.600% | 08/15/07 | | | 191,313 |
| | Italy Rep | | Other Bonds | 2.750% | 12/15/06 | | | 1,104,941 |
| | J P Morgan Mtg Acquisition | | Other Bonds | 5.039% | 12/25/35 | | | 955,035 |
| | Merck & Co Inc 144A Restr | | Other Bonds | | 02/22/11 | | | 599,892 |
| | Nationwide Bldg Soc Mtn | | Other Bonds | 3.500% | 07/31/07 | | | 146,967 |
| | Pbg Equip Tr 144A | | Other Bonds | 6.270% | 01/20/12 | | | 248,680 |
| | Prudential Ins Co Amer | | Other Bonds | 6.375% | 07/23/06 | | | 252,010 |
| | USAA Auto Owner Tr | | Other Bonds | 4.000% | 12/15/09 | | | 1,704,572 |
| | Citigroup Inc | | Other Bonds | 1.750% | 02/01/08 | | | 832,394 |
| | Allstate Finl Global Fdg Llc | | Other Bonds | 6.150% | 02/01/06 | | | 125,138 |
| | Bae Sys Hldgs Inc | | Other Bonds | 5.200% | 08/15/15 | | | 83,296 |
| | Barclays Bk Plc V/R | | Other Bonds | 6.860% | 06/15/32 | | | 61,258 |
| | Bellsouth Corp | | Other Bonds | | 04/26/21 | | | 249,700 |
| | Belvoir Ld Llc | | Other Bonds | 5.270% | 12/15/47 | | | 48,189 |
| | Cwabs Inc | | Other Bonds | 5.079% | 12/25/35 | | | 830,363 |
| | Halliburton Co | | Other Bonds | 7.600% | 08/15/96 | | | 29,902 |
| | Hbos Plc Medium Term Sr Nts | Other Bonds | 3.500% | 11/30/07 | | | 195,178 |
| | Hbos Plc Medium Term Sr Nts | Other Bonds | 3.600% | 08/15/07 | | | 88,298 |
| | Israel St | | Other Bonds | 5.500% | 04/26/24 | | | 377,549 |
| | Nationwide Bldg Soc Mtn | | Other Bonds | 3.500% | 07/31/07 | | | 220,451 |
| | Petro Cda | | Other Bonds | 5.350% | 07/15/33 | | | 92,864 |
| | SBC Communications Inc | | Other Bonds | 4.389% | 06/05/06 | | | 324,298 |
| | Telecom Italia Cap | | Other Bonds | 6.000% | 09/30/34 | | | 52,984 |
| | United Mexican Sts M/T/N | | Other Bonds | 8.000% | 09/24/22 | | | 37,013 |
| | United Mexican States | | Other Bonds | 8.125% | 12/30/19 | | | 147,300 |
| | Liberty Mutual Group | | Other Bonds | 6.500% | 03/15/35 | | | 58,538 |
| | AT&T Broadband Corp | | Other Bonds | 4.188% | 03/15/13 | | | 115,745 |
| | | | | Total Other Bonds | 12,346,738 |
| | | | | Total Bonds and Debentures | 215,347,731 |
S-15
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Abn Amro Hldg N V Sponsored Adr | | Common Stock | | | | | 609,062 |
| | Aeon Co Ltd | | Common Stock | | | | | 533,757 |
| | Aiful Corp | | Common Stock | | | | | 250,356 |
| | Ansell Ltd | | Common Stock | | | | | 204,800 |
| | A/S Dampskibsselskabet Torm | | Common Stock | | | | | 174,168 |
| | Abb Ltd | | Common Stock | | | | | 415,724 |
| | Aegon N V | | Common Stock | | | | | 341,088 |
| | Advantest Corp | | Common Stock | | | | | 243,648 |
| | Air Liquide Adr | | Common Stock | | | | | 325,848 |
| | Ajinomoto Inc Adr | | Common Stock | | | | | 214,750 |
| | Aktiebolgt Electrolux Adr | | Common Stock | | | | | 264,654 |
| | Akzo Nobel N V Adr | | Common Stock | | | | | 202,752 |
| | Alcatel Alsthom | | Common Stock | | | | | 390,600 |
| | All Nippon Awys Ltd | | Common Stock | | | | | 427,035 |
| | Allianz Aktiengesellschaft | | Common Stock | | | | | 817,560 |
| | Allied Irish Bks P L C Spon Adr | | Common Stock | | | | | 277,092 |
| | Alpha Bk A E | | Common Stock | | | | | 283,202 |
| | Altana Aktiengesellschaft | | Common Stock | | | | | 185,198 |
| | Alps Elec Ltd Adr | | Common Stock | | | | | 208,800 |
| | Amer Sports Corporation Spon | | Common Stock | | | | | 100,192 |
| | Amvescap Plc Spon Adr | | Common Stock | | | | | 325,499 |
| | Anglo American Plc Adr | | Common Stock | | | | | 612,128 |
| | Arcelor N A | | Common Stock | | | | | 199,576 |
| | Asahi Glass Adr | | Common Stock | | | | | 400,009 |
| | Asahi Kasei Corp Adr | | Common Stock | | | | | 229,874 |
| | Astrazeneca Plc Spons Adr | | Common Stock | | | | | 840,780 |
| | Atlas Copco Ab Sponsored Adr | | Common Stock | | | | | 315,808 |
| | Axa Adr | | Common Stock | | | | | 682,163 |
| | Boc Group Plc Spon Adr | | Common Stock | | | | | 158,813 |
| | Bt Group Plc | | Common Stock | | | | | 401,455 |
| | Baa Plc Sponsor Adr | | Common Stock | | | | | 289,552 |
| | Bnp Paribas | | Common Stock | | | | | 814,282 |
| | Bae Sys Plc | | Common Stock | | | | | 549,204 |
| | Banco Bilbao Vizcaya | | Common Stock | | | | | 760,410 |
| | Banco Santander Cent Hispano S A Adr | Common Stock | | | | | 950,999 |
| | Bank Fukuoka Ltd Adr | | Common Stock | | | | | 230,815 |
| | Bank Yokohama Ltd Japan Adr | | Common Stock | | | | | 359,740 |
S-16
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Barclays Plc Adr | | Common Stock | | | | | 861,588 |
| | Basf AG | | Common Stock | | | | | 474,176 |
| | Bayer A G Sponsored Adr | | Common Stock | | | | | 425,952 |
| | Bhp Billiton Limited | | Common Stock | | | | | 716,859 |
| | Bhp Billiton Plc | | Common Stock | | | | | 526,652 |
| | Bg Plc | | Common Stock | | | | | 364,578 |
| | Boots Group Plc | | Common Stock | | | | | 212,923 |
| | Bp Plc Spons Adr | | Common Stock | | | | | 2,421,094 |
| | Bridgestone Corp Adr | | Common Stock | | | | | 208,000 |
| | British Sky Broadcasting Group Spons Adr | Common Stock | | | | | 173,400 |
| | British Awys Plc Adr | | Common Stock | | | | | 203,550 |
| | British American Tobacco | | Common Stock | | | | | 450,400 |
| | Bulgari S P A Adr | | Common Stock | | | | | 191,320 |
| | Business Objects S A Sponsored Adr | Common Stock | | | | | 226,296 |
| | Csk Hldgs Corp Adr | | Common Stock | | | | | 199,612 |
| | Cadbury Schweppes P L C Adr | | Common Stock | | | | | 268,987 |
| | Canon Inc Adr Repstg 5 Shs | | Common Stock | | | | | 588,300 |
| | Carnival Plc | | Common Stock | | | | | 193,358 |
| | Centrica Plc | | Common Stock | | | | | 243,600 |
| | Cheung Kong Hldgs Ltd Adr | | Common Stock | | | | | 246,240 |
| | Clp Holdings Ltd | | Common Stock | | | | | 226,356 |
| | Coca Cola Amatil Ltd | | Common Stock | | | | | 195,680 |
| | Coles Myer Ltd Sponsored Adr New | Common Stock | | | | | 229,229 |
| | Commonwealth Bk Australia Spnrd Adr 144A | Common Stock | | | | | 790,256 |
| | Compass Group Plc | | Common Stock | | | | | 158,592 |
| | Continental AG Sponsored Adr | | Common Stock | | | | | 141,357 |
| | Corporacion Mapfre-Compania Adr | | Common Stock | | | | | 248,471 |
| | Credit Suisse Group Sponsored Adr | | Common Stock | | | | | 751,003 |
| | Crh Plc Adr | | Common Stock | | | | | 195,426 |
| | Dbs Group Hldgs Ltd | | Common Stock | | | | | 248,075 |
| | Dsm N.V. Adr | | Common Stock | | | | | 89,531 |
| | Dai Nippon Prtg Ltd Japan Adr | | Common Stock | | | | | 427,008 |
| | Daimler-Chrysler AG | | Common Stock | | | | | 505,197 |
| | Daiwa Group Inc. | | Common Stock | | | | | 566,380 |
S-17
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Danske Bk A/S Adr | | Common Stock | | | | | 403,731 |
| | Denso Corp | | Common Stock | | | | | 275,862 |
| | Deutsche Bank Npv | | Common Stock | | | | | 697,464 |
| | Deutsche Lufthansa A G | | Common Stock | | | | | 234,430 |
| | Deutsche Telekom AG Sponsored Adr | Common Stock | | | | | 588,702 |
| | Diageo Plc Spon Adr New | | Common Stock | | | | | 555,308 |
| | Dnb Nor Asa 144A Spon Adr | | Common Stock | | | | | 234,994 |
| | E On AG | | Common Stock | | | | | 797,412 |
| | Edp-Energias De Portugal Sa Adr | | Common Stock | | | | | 314,565 |
| | Eisai Ltd Spons Adr | | Common Stock | | | | | 629,085 |
| | Elan Corp Plc Adr | | Common Stock | | | | | 246,561 |
| | Endesa S A Sponsored Adr | | Common Stock | | | | | 681,462 |
| | Enel Societa Per Azioni | | Common Stock | | | | | 482,850 |
| | Eni S P A Sponsored Adr | | Common Stock | | | | | 873,020 |
| | Erste Bk Der Oesterreichischen | | Common Stock | | | | | 183,143 |
| | Delhaize Group | | Common Stock | | | | | 248,786 |
| | Fiat S.P.A Adr New | | Common Stock | | | | | 163,372 |
| | Fortis Nl | | Common Stock | | | | | 848,766 |
| | Fosters Group Ltd Adr Ltd Spons | | Common Stock | | | | | 390,063 |
| | France Telecom Sponsored Adr | | Common Stock | | | | | 591,192 |
| | Friends Provident P L C | | Common Stock | | | | | 291,161 |
| | Fuji Photo New Adr | | Common Stock | | | | | 365,310 |
| | Fujitsu Ltd Adr Com | | Common Stock | | | | | 235,854 |
| | Gallaher Group Plc | | Common Stock | | | | | 129,344 |
| | Glaxo Smithkline Plc | | Common Stock | | | | | 1,678,460 |
| | Groupe Danone Sponsored Adr | | Common Stock | | | | | 389,240 |
| | Gus Plc Sponsored Adr | | Common Stock | | | | | 279,149 |
| | Hbos Plc | | Common Stock | | | | | 823,386 |
| | HSBC Hldgs Plc | | Common Stock | | | | | 2,119,580 |
| | Hang Seng Bk Ltd Spons Adr | | Common Stock | | | | | 182,728 |
| | Hellenic Telecommun Org Spons Adr | Common Stock | | | | | 203,312 |
| | Hilton Grp Plc-Spons Adr | | Common Stock | | | | | 141,659 |
| | Hitachi Ltd Adr 10 Com | | Common Stock | | | | | 357,220 |
| | Honda Motor Co Ltd | | Common Stock | | | | | 579,400 |
| | Hong Kong & China Gas Ltd Spnsrd Adr | Common Stock | | | | | 136,576 |
S-18
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Hutchison Whampoa Ltd Adr | | Common Stock | | | | | 238,115 |
| | Hypo Real Estate Hldg AG Sponsored Adr | Common Stock | | | | | 248,779 |
| | Imperial Tob Group Plc Sponsored Adr | Common Stock | | | | | 305,475 |
| | Ireland Bk Sponsored Adr | | Common Stock | | | | | 210,506 |
| | Ing Groep N V Sponsored Adr | | Common Stock | | | | | 699,882 |
| | International Pwr Plc | | Common Stock | | | | | 193,246 |
| | Italcementi S P A Adr | | Common Stock | | | | | 223,224 |
| | Itochu Corp Adr | | Common Stock | | | | | 241,770 |
| | J Sainsbury Plc | | Common Stock | | | | | 167,231 |
| | James Hardie Inds N V | | Common Stock | | | | | 226,641 |
| | Japan Airlines Corporation | | Common Stock | | | | | 399,781 |
| | Kao Corp Adr | | Common Stock | | | | | 240,956 |
| | Kingfisher Plc | | Common Stock | | | | | 304,253 |
| | Kirin Brewery Ltd | | Common Stock | | | | | 208,980 |
| | Kobe Stl Ltd Sponsored Adr | | Common Stock | | | | | 226,548 |
| | Komatsu Ltd New | | Common Stock | | | | | 446,303 |
| | Koninklijke Ahold Nv Sponsored Adr | Common Stock | | | | | 186,744 |
| | Koninklijke Philips Electrs | | Common Stock | | | | | 444,730 |
| | Royal Kpn Nv | | Common Stock | | | | | 251,000 |
| | Kubota Corp Adr | | Common Stock | | | | | 178,500 |
| | Kyocera Corp Adr | | Common Stock | | | | | 204,876 |
| | Lloyds Tsb Group Plc Adr | | Common Stock | | | | | 623,610 |
| | L Oreal Co Adr | | Common Stock | | | | | 348,153 |
| | Lafarge S.A. Adr | | Common Stock | | | | | 189,168 |
| | Lagardere Groupe S C A Spons Adr | | Common Stock | | | | | 237,680 |
| | Legal & General Plc Adr | | Common Stock | | | | | 459,930 |
| | Lend Lease Ltd | | Common Stock | | | | | 659,626 |
| | Logitech Intl S A | | Common Stock | | | | | 212,336 |
| | Luxottica Group S P A Adr | | Common Stock | | | | | 202,480 |
| | Lvmh Moet Hennessy Louis | | Common Stock | | | | | 221,313 |
| | Meiji Seika Kaisha Ltd Adr | | Common Stock | | | | | 191,239 |
| | Mtr Corp Ltd | | Common Stock | | | | | 159,311 |
| | Marks & Spencer Group P L C | | Common Stock | | | | | 421,338 |
| | Marui Ltd Adr New | | Common Stock | | | | | 274,589 |
| | Matsushita Elec Ind Co Ltd Adr | | Common Stock | | | | | 523,260 |
| | Matsui Secs Co Ltd | | Common Stock | | | | | 166,434 |
S-19
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Mediaset S P A | | Common Stock | | | | | 279,750 |
| | Metso Corp | | Common Stock | | | | | 229,572 |
| | Millea Hldgs Inc | | Common Stock | | | | | 344,200 |
| | Minebea Ltd Spon Adr | | Common Stock | | | | | 229,147 |
| | Mitsui & Co Ltd Adr | | Common Stock | | | | | 558,800 |
| | Mitsubishi Corp Adr | | Common Stock | | | | | 663,390 |
| | Mitsubishi Estate Ltd Adr | | Common Stock | | | | | 705,752 |
| | Mitsubishi Elec Corp Adr | | Common Stock | | | | | 389,098 |
| | Mitsui Sumitomo Insurance Company | Common Stock | | | | | 537,931 |
| | Mitsubishi Ufj Finl Group Inc | | Common Stock | | | | | 1,191,030 |
| | Nh Hoteles Sociedad Anonima | | Common Stock | | | | | 296,951 |
| | National Aust Bk Ltd Adr New | | Common Stock | | | | | 562,875 |
| | National Bk Greece S A | | Common Stock | | | | | 222,560 |
| | National Grid Plc | | Common Stock | | | | | 390,591 |
| | Nec Corp Adr | | Common Stock | | | | | 253,790 |
| | Nec Electronics Corp Adr | | Common Stock | | | | | 262,304 |
| | Neptune Orient Lines Ltd | | Common Stock | | | | | 224,303 |
| | Nestle S A Sponsored Adr | | Common Stock | | | | | 1,335,900 |
| | Nidec Corp | | Common Stock | | | | | 251,024 |
| | Nikko Cordial Corporation | | Common Stock | | | | | 561,823 |
| | Nintendo Ltd Adr | | Common Stock | | | | | 217,325 |
| | Nippon Yusen Kabushiki Kaisha Adr | Common Stock | | | | | 465,508 |
| | Nippon Shokubai Co Ltd Adr | | Common Stock | | | | | 214,901 |
| | Nippon Teleg & Tel Corp Sponsored Adr | Common Stock | | | | | 364,960 |
| | Nisshin Steel Ltd Adr | | Common Stock | | | | | 206,592 |
| | Nissan Mtr Ltd Adr | | Common Stock | | | | | 347,480 |
| | Nitto Denko Corp Adr | | Common Stock | | | | | 311,446 |
| | Nokia Corp Adr-A Shs | | Common Stock | | | | | 982,710 |
| | Nomura Hldgs Inc | | Common Stock | | | | | 461,280 |
| | Norsk Hydro A S Sponsored Adr | | Common Stock | | | | | 165,088 |
| | Ntt Docomo Inc | | Common Stock | | | | | 389,128 |
| | Novartis AG Spnsrd Adr | | Common Stock | | | | | 1,321,446 |
| | Novo Nordisk A/S Adr | | Common Stock | | | | | 281,700 |
| | Oce N V | | Common Stock | | | | | 99,755 |
| | Oji Paper Co Ltd Sponsored Adr | | Common Stock | | | | | 265,739 |
| | Olympus Corp | | Common Stock | | | | | 604,072 |
S-20
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Omron Corp | | Common Stock | | | | | 216,623 |
| | Orkla A S | | Common Stock | | | | | 194,002 |
| | Osterreichische | | Common Stock | | | | | 177,700 |
| | Pearson Plc | | Common Stock | | | | | 123,448 |
| | Peninsular & Oriental Steam Nav Co | | Common Stock | | | | | 271,200 |
| | Pernod Ricard S A Sponsored Adr | | Common Stock | | | | | 260,802 |
| | Peugeot S.A. Adr | | Common Stock | | | | | 224,032 |
| | Pioneer Corp Japan | | Common Stock | | | | | 220,800 |
| | Prudential Plc Adr | | Common Stock | | | | | 436,164 |
| | Publicis S A New | | Common Stock | | | | | 191,125 |
| | Puma AG Rudolf Dassler Sport | | Common Stock | | | | | 174,597 |
| | Q P Corp Spons Adr | | Common Stock | | | | | 231,517 |
| | Reed International Plc | | Common Stock | | | | | 203,492 |
| | Reed Elsevier N V | | Common Stock | | | | | 160,655 |
| | Repsol Ypf S.A. Adr | | Common Stock | | | | | 391,153 |
| | Reuters Group Plc | | Common Stock | | | | | 121,688 |
| | Ricoh Ltd Adr New | | Common Stock | | | | | 209,947 |
| | Rio Tinto Plc Spon Adr | | Common Stock | | | | | 630,626 |
| | Rio Tinto Spons Adr | | Common Stock | | | | | 465,658 |
| | Roche Hldg Ltd Sponsored Adr | | Common Stock | | | | | 1,208,095 |
| | Rolls-Royce Group Plc | | Common Stock | | | | | 232,646 |
| | Royal & Sun Alliance Ins Group | | Common Stock | | | | | 547,616 |
| | Royal Dutch Shell Plc | | Common Stock | | | | | 1,010,346 |
| | Royal Dutch Shell Plc Spons Adr | | Common Stock | | | | | 1,374,302 |
| | Rwe AG Spons Adr | | Common Stock | | | | | 544,492 |
| | Shizuoka Bk Ltd Adr | | Common Stock | | | | | 200,288 |
| | Sabmiller Plc | | Common Stock | | | | | 245,903 |
| | San Paolo-Imi S P A | | Common Stock | | | | | 1,140,625 |
| | Sandvik Ab Adr | | Common Stock | | | | | 506,752 |
| | Santos Ltd Adr New | | Common Stock | | | | | 206,310 |
| | Sanofi-Aventis | | Common Stock | | | | | 1,079,940 |
| | SAP Aktiengesellschaft Adr | | Common Stock | | | | | 522,812 |
| | Schering A G | | Common Stock | | | | | 220,803 |
| | Scottish & Southn Energy Plc | | Common Stock | | | | | 214,118 |
| | Scottish Pwr Plc Sponsored Adr | | Common Stock | | | | | 266,333 |
| | Secom Ltd Adr | | Common Stock | | | | | 522,750 |
| | Serono S A | | Common Stock | | | | | 230,376 |
S-21
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Sharp Corp | | Common Stock | | | | | 243,200 |
| | Shiseido Ltd Sponsored Adr | | Common Stock | | | | | 186,390 |
| | Siemens A G | | Common Stock | | | | | 864,459 |
| | Singapore Telecommunications | | Common Stock | | | | | 241,718 |
| | Sino Ld Ltd Sponsored Adr | | Common Stock | | | | | 231,588 |
| | Skf Ab Adr | | Common Stock | | | | | 270,393 |
| | Smith & Nephew P L C | | Common Stock | | | | | 165,006 |
| | Societe Generale France Sponsored Adr | Common Stock | | | | | 625,031 |
| | Sodexho Alliance Spons Adr | | Common Stock | | | | | 209,355 |
| | Solvay S A Sponsored Adr | | Common Stock | | | | | 197,669 |
| | Sony Corp Adr Amern Sh New | | Common Stock | | | | | 595,680 |
| | Statoil Asa | | Common Stock | | | | | 227,304 |
| | Stora Enso Oyj | | Common Stock | | | | | 183,872 |
| | Swiss Reins Co Sponsored Adr | | Common Stock | | | | | 331,384 |
| | Swisscom | | Common Stock | | | | | 100,832 |
| | Sumitomo Elec Inds Ltd Adr | | Common Stock | | | | | 182,089 |
| | Sumitomo Metal Inds Ltd Adr | | Common Stock | | | | | 253,869 |
| | Sumitomo Tr & Bkg Ltd Spons Adr | | Common Stock | | | | | 490,032 |
| | Sumitomo Mitsui Finl Group Inc | | Common Stock | | | | | 677,760 |
| | Sun Hung Kai Pptys Ltd | | Common Stock | | | | | 194,760 |
| | Suruga Bk Ltd | | Common Stock | | | | | 251,970 |
| | Svenska Cellulosa Aktiebolaget Adr | | Common Stock | | | | | 220,176 |
| | Swire Pac Ltd Adr | | Common Stock | | | | | 170,544 |
| | Syngenta AG Spons Adr | | Common Stock | | | | | 249,100 |
| | TDK Corp Adr | | Common Stock | | | | | 194,040 |
| | Tnt N V | | Common Stock | | | | | 253,368 |
| | Tabcorp Hldgs Ltd | | Common Stock | | | | | 207,869 |
| | Taiheiyo Cem Corp | | Common Stock | | | | | 259,731 |
| | Technip Sa | | Common Stock | | | | | 194,496 |
| | Teijin Ltd Adr | | Common Stock | | | | | 253,832 |
| | Telecom Corp New Zealand Ltd Spon Adr | Common Stock | | | | | 206,701 |
| | Telecom Italia S P A New | | Common Stock | | | | | 433,184 |
| | Telecom Italia S P A New | | Common Stock | | | | | 288,206 |
| | Ericsson (Lm) Telephone Co Adr (New) | Common Stock | | | | | 662,544 |
| | Telefonica S A Spon Adr | | Common Stock | | | | | 793,432 |
S-22
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Television Broadcast Ltd Spon Adr | | Common Stock | | | | | 122,211 |
| | Tesco Plc Sponsored Adr | | Common Stock | | | | | 565,116 |
| | Thomson | | Common Stock | | | | | 186,366 |
| | Tokyu Ld Corp Adr | | Common Stock | | | | | 239,736 |
| | Toppan Prtg Ltd Adr | | Common Stock | | | | | 186,800 |
| | Toray Inds Inc Adr | | Common Stock | | | | | 334,171 |
| | Total S.A. Adr | | Common Stock | | | | | 1,617,920 |
| | Toyo Suisan Kaisha Ltd Adr | | Common Stock | | | | | 177,447 |
| | Toyota Mtr Corp Adr 2 Com | | Common Stock | | | | | 1,726,230 |
| | Trend Micro Inc | | Common Stock | | | | | 192,250 |
| | Ubs AG Registered | | Common Stock | | | | | 1,177,322 |
| | Unilever Plc Amer Shs Adr New | | Common Stock | | | | | 401,160 |
| | Unilever Nv Ny Share F New | | Common Stock | | | | | 439,360 |
| | United Overseas Bk Ltd Sponsored Adr | Common Stock | | | | | 184,391 |
| | United Utilities Plc - Sp Adr | | Common Stock | | | | | 193,556 |
| | Upm Kymmene Corp Sponsored Adr | Common Stock | | | | | 119,560 |
| | Vodafone Group Plc Spons Adr | | Common Stock | | | | | 1,487,871 |
| | Valeo Adr | | Common Stock | | | | | 185,250 |
| | Veolia Environnement | | Common Stock | | | | | 674,970 |
| | Vivendi Spons Adr New | | Common Stock | | | | | 465,164 |
| | Volkswagen A G Sponsored A Adr | | Common Stock | | | | | 200,317 |
| | Volvo Aktiebolaget Adr B | | Common Stock | | | | | 367,224 |
| | Westpac Bkg Corp Sponsored Adr | | Common Stock | | | | | 800,696 |
| | Wienerberger Baustoffinustrie | | Common Stock | | | | | 119,610 |
| | Wolseley Plc | | Common Stock | | | | | 489,831 |
| | Wolters Kluwer N V Sponsored Adr | | Common Stock | | | | | 171,250 |
| | Woodside Pete Ltd Sponsored Adr | | Common Stock | | | | | 224,234 |
| | Yamazaki Baking Ltd Adr | | Common Stock | | | | | 178,937 |
| | Zurich Finl Svcs | | Common Stock | | | | | 448,262 |
| | | | | Total Equity Investments | 112,810,446 |
S-23
2005
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)
AS OF DECEMBER 31, 2005
(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 |
| | | | | | | | | |
| | Future Eurodollar Put 94.75 | | Financial Future | | 12/18/06 | | | (12,675) |
| | Future Eurodollar Put 95.25 | | Financial Future | | 12/18/06 | | | 19,175 |
| | | | | Total Derivatives | 6,500 |
Assets (Held and End of Year) | | | | | | | $2,376,243,534 =========== |
* represents party in interest
** Cost information is not required for participant-directed investments and, therefore, is not included.
S-24
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 28, 2006, appearing in this Annual Report on Form 11-K of the Computer Sciences Corporation Matched Asset Plan for the year ended December 31, 2005.
/s/Deloitte & Touche LLP
Los Angeles, California
June 28, 2006
E-1