COVER
Exhibit 99(f)
CHICAGO AND NORTH WESTERN RAILWAY COMPANY
PROFIT SHARING AND RETIREMENT SAVINGS PROGRAM
Financial Statements and Supplemental Schedules
for the Years Ended December 31, 1996 and 1995
and Independent Auditors' Report
INDEX
CHICAGO AND NORTH WESTERN RAILWAY COMPANY
PROFIT SHARING AND RETIREMENT SAVINGS PROGRAM
TABLE OF CONTENTS
______________________________________________________________________________
Page
INDEPENDENT AUDITORS' REPORT 1
FINANCIAL STATEMENTS AS OF DECEMBER 31, 1996 AND 1995
AND FOR THE YEARS THEN ENDED:
Statements of Net Assets Available for Benefits 2
Statements of Changes in Net Assets Available for Benefits 3
Notes to Financial Statements 4-11
SUPPLEMENTAL SCHEDULES AS OF DECEMBER 31, 1996 AND FOR
THE YEAR THEN ENDED:
Item 27a - Schedule of Assets held for Investment Purposes 12
Item 27d - Schedule of Reportable Transactions 13
Additional supplemental schedules required by the Employee Retirement Income
Security Act of 1974 are disclosed separately in Master Trust reports filed
with the Department of Labor or are omitted because of the absence of
conditions under which they are required.
1
INDEPENDENT AUDITORS' REPORT
Chicago and North Western Railway Company
Profit Sharing and Retirement Savings Program Committee
We have audited the accompanying statements of net assets
available for benefits of the Chicago and North Western Railway
Company Profit Sharing and Retirement Savings Program (the
Program) as of December 31, 1996 and 1995, 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 Program's management. Our responsibility
is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used
and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our
opinion.
In our opinion, such financial statements present fairly, in
all material respects, the net assets available for benefits of
the Program as of December 31, 1996 and 1995, and the changes
in net assets available for benefits for the years then ended
in conformity with generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion
on the basic financial statements taken as a whole. The
supplemental schedules listed in the Table of Contents are
presented for the purpose of additional analysis and are not a
required part of the basic financial statements, but are
supplementary information required by the Department of Labor's
Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974. These schedules
are the responsibility of the Program's management. Such
schedules have been subjected to the auditing procedures applied
in the audit of the basic 1996 financial statements and, in our
opinion, are fairly stated in all material respects when
considered in relation to the basic financial statements taken
as a whole.
/s/ DELOITTE & TOUCHE LLP
Omaha, Nebraska
June 10, 1997
2
CHICAGO AND NORTH WESTERN RAILWAY COMPANY
PROFIT SHARING AND RETIREMENT SAVINGS PROGRAM
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 1996 AND 1995
______________________________________________________________________________
1996 1995
------------ ------------
ASSETS
CASH AND SHORT TERM INVESTMENTS $ -- $ 2,181,488
------------ ------------
INVESTMENTS, at fair value
(Notes 3, 5, and 9) 101,413,931 78,230,963
INVESTMENTS, at contract value
(Notes 3,6, and 9): Investment
contract with insurance company 37,737,581 56,645,221
------------ ------------
Total Investments 139,151,512 134,876,184
------------ ------------
RECEIVABLES:
Employer's contribution -- 5,717,530
Participants' contributions -- 107,898
Interest -- 1,174,864
------------ ------------
Total Receivables -- 7,000,292
------------ ------------
Total Assets 139,151,512 144,057,964
------------ ------------
LIABILITIES
ACCRUED EXPENSES -- 77,072
------------ ------------
NET ASSETS AVAILABLE FOR BENEFITS $139,151,512 $143,980,892
============ ============
The accompanying notes are an integral part of these financial statements.
3
CHICAGO AND NORTH WESTERN RAILWAY COMPANY
PROFIT SHARING AND RETIREMENT SAVINGS PROGRAM
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, 1996 AND 1995
______________________________________________________________________________
1996 1995
------------ ------------
ADDITIONS TO NET ASSETS ATTRIBUTABLE TO:
Investment income (Note 9):
Net appreciation in fair value of
investments $ 12,828,800 $ 15,146,687
Interest and dividends 10,287,291 11,656,419
------------ ------------
23,116,091 26,803,106
------------ ------------
Contributions (Note 9):
Employer -- 5,937,720
Participants' -- 3,240,538
------------ ------------
-- 9,178,258
------------ ------------
Total Additions 23,116,091 35,981,364
------------ ------------
DEDUCTIONS FROM NET ASSETS ATTRIBUTABLE TO:
Distributions to participants (Note 9) 27,923,207 21,223,637
Administrative expenses -- 77,072
------------ ------------
Total Deductions 27,923,207 21,300,709
------------ ------------
TRANSFERS TO SUPPLEMENTAL PENSION PLAN 22,264 504,472
------------ ------------
NET INCREASE (DECREASE) (4,829,380) 14,176,183
------------- ------------
NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of Year 143,980,892 129,804,709
------------ ------------
End of Year $139,151,512 $143,980,892
============ ============
The accompanying notes are an integral part of these financial statements.
4
CHICAGO AND NORTH WESTERN RAILWAY COMPANY
PROFIT SHARING AND RETIREMENT SAVINGS PROGRAM
NOTES TO FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 1996 AND 1995
______________________________________________________________________________
1. DESCRIPTION OF PROGRAM
The following description of the Chicago and North Western Railway
Company Profit Sharing and Retirement Savings Program (the Program),
prior to the adoption of amendments as described in Note 2, provides only
general information. Participants should refer to the Program document
for a more complete description of the Program's provisions.
General - The Program was initially established to provide retirement
benefits to eligible employees of Chicago and North Western Railway
Company (the Company) and other common control employers who adopt the
Program. It is subject to the provisions of the Employee Retirement
Income Security Act of 1974 (ERISA), as amended.
Contributions - Participants may contribute up to 15% of their
compensation on a salary or non-salary deferral basis subject to
limitations specified in the Internal Revenue Code. The Company matches
employee contributions at a rate of 20% computed on an amount up to the
first 5% of the employee's salary contributed. This minimum employer
contribution represents the first step in the method discussed below.
The amount of the Company's annual contribution is determined based upon
the Company's profit, or, if larger, based upon the amount of the
employee contributions. Employer contributions are allocated on a four
step basis, subject to Internal Revenue Code limitations:
1) The employer contribution is allocated to those employees making
employee contributions by matching up to 20% of the amount of each
participant's employee contributions for each Program year up to a
maximum base of 5% of the employee's salary contributed;
2) If any employer contribution remains unallocated, such amount is
allocated to employees in proportion to the amount by which their
compensation (to the salary maximum) exceeds the wage base subject
to Railroad Retirement Tax, as defined in Section 3121a of the
Internal Revenue Code, with a maximum employer contribution up to
11.4% (or, up to 12% if IRS regulations permit) of such excess
amount for each Program year;
3) If any employer contribution remains unallocated, such amount is
allocated to employees making employee contributions by matching
up to 20% of the amount of each participant's employee
contributions for each Program year up to a maximum base of 5% of
the employee's salary contributed;
4) If any employer contribution remains unallocated, such amount is
allocated in proportion to each employee's total compensation (up
to the salary maximum) for each Program year.
As indicated above, step (2) in the employer contribution allocation
formula can provide up to 11.4% of the pay received by a participant in
excess of the Railroad Retirement Tax taxable wage base. This is the
only step of the allocation formula which integrates with Railroad
Retirement.
5
Participant Accounts - Each participant account is credited with the
participant's contributions and an allocation of the Plan's earnings.
Allocations are based on participant account balances.
Vesting - A participant is fully vested if he/she:
1) Reached his/her 65th birthday; or
2) Is involuntarily terminated without cause as determined by the
Program Administrator, in accordance with established Company
policies if such termination occurs on or after his/her 60th
birthday; or
3) Reached his/her 60th birthday and has at least 5 years of service;
or
4) Has a disability or dies; or
5) Has a termination of employment on account of a force reduction;
or
6) Has five years of service
Payment of Benefits - Under the terms of the Program, benefits are to
be paid in the form of a joint and survivor annuity. Assets of a
participant's account may, as determined by the participant (with spousal
consent when required), be paid to him/her in a lump sum or in
installments. In order to provide a joint and survivor annuity (or
single life annuity where spousal consent is obtained or there is no
spouse) assets of the participant's account are transferred to the
Chicago and North Western Railway Company Supplemental Pension Plan for
payment of the annuity. The annuity may, at the option of the Program
administrator, be purchased from a third party institution or paid from
the assets of the Supplemental Pension Plan.
2. PROGRAM AMENDMENTS
Effective October 24, 1995, the Program was amended such that, the
Program was frozen effective December 31, 1995. No new participants were
allowed in the Program after December 31, 1995. Except for contributions
made in 1996 with respect to 1995 in the customary manner of the prior
Program as in effect during 1995, there will be no contributions made to
the Program after December 31, 1995. Effective January 1, 1995
participants were fully vested in amounts credited to their account.
Effective July 15, 1996, the Program was amended and restated. Program
investment options were increased from four to ten. The ten available
options are the Union Pacific Common Stock Fund (Company Stock), the
Union Pacific Equity Index Fund (Equity Index), the Union Pacific Fixed
Income Fund (Fixed Income), the Vanguard Bond Market Fund (Bond Index),
the Vanguard Market Reserves - Prime Portfolio Fund (VMMR Prime
Portfolio), the Wellington Fund (Wellington), the Vanguard World Fund -
U.S. Growth Portfolio (U.S. Growth), the Vanguard World Fund -
International Growth Portfolio (International Growth), the Vanguard
Windsor Fund (Windsor) and the NWNL Guaranteed Investment Contract Fund
(NWNL GIC). In conjunction with the amendment and restatement, Program
assets, except for the investment contract with our insurance company,
were transferred to Vanguard Fiduciary Trust Company under a Master Trust
Agreement.
Loans to Participants - Effective September 1, 1996, participants may
borrow from their fund accounts a minimum of $1,000 up to a maximum equal
to the lesser of $50,000 or 50% of their account balance. Loan
transactions are treated as a transfer to (from) the investment fund from
(to) the Loan Fund. Loan terms range from 1-5 years or up to 15 years
for the purchase of a principle residence. The loans are secured by the
6
balance in the participant's account and bear interest at a rate
commensurate with local prevailing rates as determined quarterly by the
Plan administrator. Principal and interest is paid ratably, generally
through monthly payroll deductions.
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting - The accounts of the Program have been maintained in
accordance with generally accepted accounting principles. The financial
statements were prepared in accordance with the financial reporting
requirements of ERISA as permitted by the Securities and Exchange
Commission's amendments to Form 11-K adopted during 1990.
Investment Valuation and Income Recognition - The Program's investments
are stated at fair value except for its investment contract with an
insurance company which is valued at contract value (Note 6). If
available, quoted market prices are used to value investments. The
amounts shown in Note 5 for securities that have no quoted market price
represent estimated fair value as determined by Vanguard Fiduciary Trust
Company. Purchases and sales of securities are recorded on the
trade-date basis. Interest income is recorded on the accrual basis.
Dividends are recorded on the ex-dividend basis.
Administrative Expenses - All administrative expenses of the Program with
the exception of investment management fees are paid by the Company.
Investment management fees are paid by the Program.
Reclassifications - Certain 1995 amounts have been reclassified to
conform to the 1996 financial statement presentation.
4. RESOURCES STOCK FUND
In September 1996, The Company's Board of Directors declared a special
dividend consisting of the shares of Union Pacific Resources Group
("Resources") common stock owned by the Company ("the Spin-Off"). As a
result of the Spin-Off, each of the Company's stockholders received
0.846946 of a share of Resources common stock for each share of Company
common stock held by such shareholders at the September 26, 1996 record
date for the distribution. Therefore, each Plan participant's account
received 0.846946 of a share of Resources common stock for each share of
Company common stock held in the Fund. The shares received have been
placed in the Resources Stock Fund ("Resources Stock"). Future
contributions to Resources Stock Fund are not permitted.
5. INVESTMENTS
At December 31, 1996, Program investments were maintained in commingled
funds of the Plan Trustee along with investments of another Company-
administered Thrift Plan, within a Master Trust. Assets, liabilities,
investment income, and security gains and losses are allocated monthly to
the Plan based on its equity in the investments of the Master Trust.
At December 31, 1996, the Program held percentage interests in the Master
trust of 0.50 in Company Stock, 0.40 in Resources Stock, 100.0 in
Windsor, 22.90 in Equity Index, 1.60 in Fixed Income, 8.10 in the Loan
Fund, 2.50 in Wellington, 5.10 in U.S. Growth, 13.30 in the VMMR Prime
Portfolio, 1.50 in International Growth, and 0.00 in Bond Index.
At December 31, 1996, the total investments at fair value of the Master
Trust was $577,591,251. In addition, total net appreciation in fair
value of investments and total interest and dividends of the Master Trust
were $86,837,354 and $28,728,709, respectively, for the year ended
December 31, 1996.
At December 31, 1996, Company Stock is invested primarily in Union
Pacific Common Stock. Equity Index is invested in the Vanguard Index
Trust 500 Portfolio Fund at December 31, 1996, which is designed to
7
closely track the investment performance of the Standard and Poors' 500
Composite Stock Index. At December 31, 1996, Fixed Income is comprised
of investments in GICs bearing interest at 5.19% to 7.85%. Interest
rates are fixed for the life of each contract. GICs are held with
insurance companies rated at least A-1 by Standard & Poors. The
maturities of these GICs range from 1-3 years and their principal and
interest are unconditionally guaranteed by the respective insurance
companies. The fair value of the GIC's approximates their contract
value. At December 31, 1996, Fixed Income is also comprised of the
Vanguard Investment Contract Trust, which is comprised of contracts
issued by financial institutions and backed by high quality bonds and
bond mutual funds. As the GICs expire, the proceeds will be reinvested
in the Vanguard Investment Contract Trust. Wellington is invested in the
Vanguard/Wellington Fund at December 31, 1996, which is comprised of
common stocks and fixed-income securities. At December 31, 1996, U.S.
Growth is invested in Vanguard U.S. Growth Fund which is comprised of
established U.S. growth stocks. International Growth is invested in the
Vanguard International Growth Portfolio at December 31, 1996, which is
comprised of foreign common stocks with high growth potential. At
December 31, 1996, Bond Index is invested in the Vanguard Total Bond
Market Fund which is designed to closely track the investment performance
of the Salomon Brothers Broad Investment-Grade Bond Index. At December
31, 1996, VMMR Prime Portfolio is a diversified money market investment
fund invested and reinvested in high quality certificates of deposit,
bankers' acceptances, commercial paper, U.S. Government securities, and
other short-term obligations with the objective of preserving principal
while providing income. At December 31, 1996, Windsor is invested in the
Vanguard Windsor Fund, a diversified fund invested and reinvested
primarily in shares of stocks of companies. At December 31, 1996, NWNL
GIC is primarily invested in an investment contract with Northwestern
National Life Insurance Company (See Note 6). At December 31, 1996,
Resources Stock is invested primarily in Resources common stock.
Prior to amendment effective July 15, 1996, Program participants could
direct their contributions in various proportions to either Fund B or
Fund C. Participant unmatched contributions prior to 1987 could be
invested in either Fund D or Fund E, in accordance with participant
directions.
Fund B - Based upon Program guidelines, this Fund was invested in
common stocks, similar equity securities, or other similar investments
including, but not limited to, bank pooled or common funds, mutual
funds or insurance company separate accounts. At December 31, 1995,
assets in this Fund were invested primarily in Vanguard Windsor Fund
Incorporated and Vanguard Index Trust 500 Portfolio mutual funds.
Fund C - Based upon Program guidelines, this Fund was invested in
contracts issued by an insurance company, and upon determination by
the Board of Directors, could also include, but not be limited to,
guaranteed income contracts, group annuity contracts, immediate
participation guarantee contracts, or deposit administration
contracts. At December 31, 1995, assets in this Fund were invested
primarily in a guaranteed insurance contract with Northwestern
National Life Insurance Company.
Fund D - Based upon Program guidelines, this Fund was invested in the
Windsor Fund maintained by the Vanguard Group of Investment Companies.
Fund E - Based upon the Program guidelines, this Fund was invested
primarily in the Vanguard Money Market Reserves Prime Portfolio.
8
Except for its investment contract with an insurance company included in
the NWNL GIC fund at December 31, 1996 and included in Fund C at December
31, 1996 (Note 6), the following table presents the fair value of
investments. Investments that represent 5% or more of the Program's net
assets are separately identified.
December 31, 1996 December 31, 1995
---------------------------- ----------------------------
Number Fair Number Fair
of Units Value of Units Value
Investments at Fair Value
as Determined by Quoted
Market Price:
Vanguard Windsor Fund
Incorporated -- $ -- 3,841,686 $55,819,700
Vanguard Index Trust
500 Portfolio -- -- 376,241 21,795,663
Common stock -- -- 9,250 410,469
------------ -----------
-- 78,025,832
Investments at Estimated
Fair Value:
Program interest in
Master Trust -- 101,413,931 -- --
Vanguard Money Market
Reserves -- -- 205,131 205,131
------------ ------------
$101,413,931 $78,230,963
============ ============
9
6. INVESTMENT CONTRACT WITH INSURANCE COMPANY
The Program has entered into a benefit responsive investment contract
with Northwestern National Life Insurance Company (Northwestern
National). This contract is included in the financial statements at
contract value, which approximates fair value. Contract value represents
contributions made under the contract, plus earnings, less Program
withdrawals and administrative expenses. Northwestern National maintains
the contributions in a pooled account. The crediting interest rate under
this contract at December 31, 1996 and 1995, and for the years then ended
was 7% and 8%, respectively. Under this contract a penalty may be
incurred for early withdrawal from the contract by the plan sponsor, plan
termination and various other employer initiated events.
7. TAX STATUS
The Program obtained a tax determination letter dated April 16, 1996, in
which the Internal Revenue Service stated that the Program, as amended
through October 24, 1995, was in compliance with the applicable
requirements of the Internal Revenue Code (the Code). The Program has
been amended since receiving the determination letter. However, Program
management believes that the program currently is being operated in
compliance with the applicable requirement of the Internal Revenue Code.
Therefore, it is believed that the Program was qualified and the related
trust was tax-exempt under provisions of Section 501(a) of the Internal
Revenue Code as of the financial statement date. Therefore, no provision
for income taxes has been included in the Program's financial statements.
8. PROGRAM TERMINATION
Although it has not expressed any intent to do so, the Company has the
right under the Program at any time, to terminate the Program subject to
the provisions of ERISA. Regardless of such actions, the principal and
income of the Program remains for the exclusive benefit of the Program's
participants and beneficiaries. The Company may direct the Trustee
either to distribute the Program's assets to the participants, or to
continue the Trust and distribute benefits as though the Program had not
been terminated.
10
9. FUND INFORMATION
Net assets available for benefits, participant contributions, withdrawals
and investment income by fund are as follows for the years ended
December 31, 1996 and 1995:
1996 1995
------------ ------------
Net assets available for benefits:
Company stock $ 653,871 $ --
Equity index 27,110,164 --
Fixed income 1,482,186 --
Bond index 169 --
VMMR Prime Portfolio 304,040 --
Wellington 777,296 --
U.S. Growth 1,436,948 --
International Growth 371,142 --
Windsor 67,652,196 --
NWNL GIC 37,737,581 --
Resources stock 211,718 --
Loan Fund 1,414,201 --
Fund B -- 82,326,722
Fund C -- 60,388,841
Fund D and E -- 1,265,329
------------ ------------
Total $139,151,512 $143,980,892
------------ ------------
Employer contributions:
Company stock $ -- $ --
Equity index -- --
Fixed income -- --
Bond index -- --
VMMR Prime Portfolio -- --
Wellington -- --
U.S. Growth -- --
International Growth -- --
Windsor -- --
NWNL GIC -- --
Resources stock -- --
Loan Fund -- --
Fund B -- 3,806,945
Fund C -- 2,130,775
Fund D and E -- --
------------ ------------
Total $ -- $ 5,937,720
------------ ------------
Participant's contributions:
Company stock $ -- $ --
Equity index -- --
Fixed income -- --
Bond index -- --
VMMR Prime Portfolio -- --
Wellington -- --
U.S. Growth -- --
International Growth -- --
Windsor -- --
NWNL GIC -- --
Resources stock -- --
Loan Fund -- --
Fund B -- 2,175,610
Fund C -- 1,064,928
Fund D and E -- --
------------ ------------
Total $ -- $ 3,240,538
------------ ------------
11
Distribution to participants:
Company stock $ -- $ --
Equity index 277,582 --
Fixed income -- --
Bond index -- --
VMMR Prime Portfolio 17,424 --
Wellington -- --
U.S. Growth -- --
International Growth -- --
Windsor 714,074 --
NWNL GIC 1,259,788 --
Resources stock -- --
Loan Fund -- --
Fund B 13,724,297 10,506,455
Fund C 11,844,618 10,649,493
Fund D and E 85,424 67,689
------------ ------------
Total $27,923,207 $21,223,637
------------ ------------
Investment income:
Company stock $ 116,708 $ --
Equity index 4,083,412 --
Fixed income 13,144 --
Bond index 181 --
VMMR Prime Portfolio 7,941 --
Wellington 38,184 --
U.S. Growth 55,671 --
International Growth 14,216 --
Windsor 10,918,491 --
NWNL GIC 993,921 --
Resources stock 3,873 --
Loan Fund 22,975 --
Fund B 4,885,681 21,814,453
Fund C 1,905,907 4,725,544
Fund D and E 55,786 263,109
------------ ------------
Total $ 23,116,091 $ 26,803,106
============ ============
10.MERGER AGREEMENT
On March 16, 1995, the Corporation executed a definitive merger agreement
pursuant to which it acquired the remaining 71.6% of the Chicago and
North Western Transportation Company's (CNW) stock. Under this agreement
the Corporation initiated a tender offer on March 23, 1995 and completed
the acquisition of the CNW on April 24, 1995. As a result of the
acquisition, and effective April 24, 1995, the Program is being
administered by the Senior Vice President, Human Resources of the
Corporation.
11.RELATED PARTY TRANSACTIONS
Program investments include the Union Pacific Company Stock Fund which is
invested primarily in the Stock of Union Pacific Corporation. Union
Pacific Corporation is the holding Company of the Program sponsor and,
therefore, these transactions qualify as party-in-interest.
The Plan also invests in various funds managed by Vanguard Fiduciary
Trust Company and LaSalle National Trust. Vanguard Fiduciary Trust
Company is the Trustee as defined by the Program and LaSalle National
Trust was the Program Trustee prior to the appointment of Vanguard
Fiduciary Trust Company; therefore, the related transactions qualify as
party-in-interest.
12
CHICAGO AND NORTH WESTERN RAILWAY COMPANY
PROFIT SHARING AND RETIREMENT SAVINGS PROGRAM
Item 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
YEAR ENDED DECEMBER 31, 1996
______________________________________________________________________________
Column B Column C Column D Column E
Description of Investment
Identity of Issue Including Collateral Rate of
Borrower, Lessor Interest, Maturity Date Current
or Similar Party or Maturity Value Cost Value
Northwestern National
Life Insurance
Company Contract Group annuity contract fund
No.GA-135969-1-0101 37,737,581 shares $37,737,581 $37,737,581
13
CHICAGO AND NORTH WESTERN RAILWAY COMPANY
PROFIT SHARING AND RETIREMENT SAVINGS PROGRAM
Item 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED DECEMBER 31, 1996
_____________________________________________________________________________________________________________________
Single Transactions Involving an Amount in
Excess of 5% of the Current Value of Plan Assets:
Column A Column B Column C Column D Column G Column H Column I
Current Value
of Asset on
Identity of Purchase Selling Cost of Transaction Net Gain
Party Involved Description of Asset Price Price Asset Date or (Loss)
LaSalle National Trust * Short-Term Investment Fund $8,265,483 $ -- $8,265,483 $8,265,483 $ --
LaSalle National Trust * Short-Term Investment Fund $9,102,182 $ -- $9,102,182 $9,102,182 $ --
LaSalle National Trust * Short-Term Investment Fund $ -- $9,105,020 $9,105,020 $9,105,020 $ --
LaSalle National Trust * Short-Term Investment Fund $ -- $8,262,422 $8,262,422 $8,262,422 $ --
Northwestern National Life
Insurance Company, Contract Group Annuity Contract
#GA-13569-1-001 Fund $ -- $8,265,483 $8,265,483 $8,265,483 $ --
Series of Transactions, When Aggregated, Involving an Amount in Excess of %5 of the current Value of Plan Assets:
Column A Column B Column C Column D Column E Column F Column G
Dollar Dollar
Identity of Number of Number Value of Value of Net Gain
Party Involved Description of Asset Purchases of Sales Purchases Sales or(Loss)
Vanguard Fiduciary Trust
Company * Windsor Fund Incorporated 8 13 $10,979,015 $9,575,418 $1,307,354
Vanguard Fiduciary Trust
Company * Index Trust 500 Portfolio 11 10 $ 6,065,435 $4,079,254 $1,001,804
Northwestern National Life
Insurance Company
Contract #GA-13569-1-001 Group Annuity Contract Fund 44 76 $6,177,865 $25,084,905 $ --
LaSalle National Trust * Short-Term Investment Fund 58 45 $50,890,874 $53,073,362 $ --
*Represents a party-in-interest