Exhibit 25.1.1 Exhibit 7 to Form T-1 Bank Call Notice RESERVE DISTRICT NO. 2 CONSOLIDATED REPORT OF CONDITION OF Chemical Bank of 270 Park Avenue, New York, New York 10017 and Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business June 30, 1995, in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act. Dollar Amounts ASSETS in Millions Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin ................................. $ 5,573 Interest-bearing balances ......................... 2,681 Securities: ........................................ Held to maturity securities.......................... 6,027 Available for sale securities.......................... 18,304 Federal Funds sold and securities purchased under agreements to resell in domestic offices of the bank and of its Edge and Agreement subsidiaries, and in IBF's: Federal funds sold ................................ 1,516 Securities purchased under agreements to resell ... 287 Loans and lease financing receivables: Loans and leases, net of unearned income $73,829 Less: Allowance for loan and lease losses 1,885 Less: Allocated transfer risk reserve .... 104 Loans and leases, net of unearned income, allowance, and reserve ............................ 71,840 Trading Assets ...................................... 25,315 Premises and fixed assets (including capitalized leases)............................................ 1,395 Other real estate owned ............................. 69 Investments in unconsolidated subsidiaries and associated companies............................... 158 Customer's liability to this bank on acceptances outstanding ....................................... 1,120 Intangible assets ................................... 484 Other assets ........................................ 7,254 TOTAL ASSETS ........................................ $142,023 ========= LIABILITIES Deposits In domestic offices ............................... $46,128 Noninterest-bearing .........................$16,282 Interest-bearing ............................ 29,846 In foreign offices, Edge and Agreement subsidiaries, and IBF's .......................................... 30,833 Noninterest-bearing .........................$ 199 Interest-bearing ............................ 30,634 Federal funds purchased and securities sold under agree- ments to repurchase in domestic offices of the bank and of its Edge and Agreement subsidiaries, and in IBF's Federal funds purchased ............................. 16,779 Securities sold under agreements to repurchase ...... 810 Demand notes issued to the U.S. Treasury .............. 1,001 Trading liabilities ................................... 20,888 Other Borrowed money: With original maturity of one year or less .......... 6,505 With original maturity of more than one year ........ 602 Mortgage indebtedness and obligations under capitalized leases .............................................. 18 Bank's liability on acceptances executed and outstanding 1,126 Subordinated notes and debentures ..................... 3,411 Other liabilities ..................................... 6,287 TOTAL LIABILITIES .....................................134,388 EQUITY CAPITAL Common stock .......................................... 620 Surplus ............................................... 4,524 Undivided profits and capital reserves ................ 2,724 Net unrealized holding gains (Losses) on available-for-sale securities ...................... (241) Cumulative foreign currency translation adjustments ... 8 TOTAL EQUITY CAPITAL .................................. 7,635 ______ TOTAL LIABILITIES, LIMITED-LIFE PREFERRED STOCK AND EQUITY CAPITAL .......................... $142,023 ========== I, Joseph L. Sclafani, S.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the in- structions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief. JOSEPH L. SCLAFANI We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the in- structions issued by the appropriate Federal regulatory authority and is true and correct. WALTER V. SHIPLEY ) EDWARD D. MILLER ) DIRECTORS WILLIAM B. HARRISON )