PAGE 1
IDS CERTIFICATE COMPANY Schedule I
Investments in Securities of Unaffiliated Issuers
December 31, 1995
($ in thousands)
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
BONDS AND NOTES
United States Government -
Direct Obligations
US TREASURY NOTE 7.625%, 1996 $ 250 $ 250 $ 252
US TREASURY BOND 6.875%, 2000 165 165 175
----------- ---------- ----------
Total U.S. Government - Direct Obligations 415 415 427
----------- ---------- ----------
Other Bonds and Notes
United States Government Agencies
FHLMC 7YR#G40116 GLD 6.000%, 2001 14,075 13,991 14,080 (f)
FHLMC 5 YR #G50152 7.000%, 1999 8,902 8,759 9,024 (f)
FHLMC 5YR*G50252 7.500%, 2000 35,793 36,000 37,001 (f)
FHLMC 5YR G50281 GOL 6.500%, 2000 24,589 24,739 24,842 (f)
FHLMC 15YR #G10336 7.500%, 2010 9,114 8,969 9,390 (f)
FHLMC 15YR #10342 7.000%, 2010 27,382 26,656 27,930 (f)
FHLMC 15YR #G10344 G 7.500%, 2010 22,601 22,498 23,286 (f)
FHLMC 15 #G10350 GLD 6.500%, 2010 26,441 26,377 26,623 (f)
FHLMC 15YR G10364 7.000%, 2010 23,387 23,260 23,855 (f)
FHLMC 15 6.5 #G10369 6.500%, 2010 47,307 46,690 47,572 (f)
FHLMC 15YR GOLD 6.500%, 2010 23,967 23,843 24,132 (f)
FHLMC 15YR G10428 6.000%, 2009 20,572 20,306 20,386 (f)
FHLMC ARM #845154 8.161%, 2022 7,528 7,767 7,702 (f)
FHLMC ARM #845523 7.857%, 2023 10,259 10,563 10,569 (f)
FHLMC ARM #845654 7.157%, 2024 29,359 29,800 30,139 (f)
FHLMC ARM #845730 7.958%, 2024 42,650 44,081 43,633 (f)
FHLMC ARM #845733 6.657%, 2024 43,265 44,054 44,210 (f)
FHLMC ARM #845973 7.652%, 2024 13,789 13,789 14,222 (f)
FHLMC ARM #845999 7.760%, 2027 30,121 30,390 31,033 (f)
FHLMC 30YR #846072 7.716%, 2022 8,704 8,929 8,974 (f)
FHLMC ARM #846107 7.376%, 2025 14,408 14,747 14,744 (f)
FHLMC 1268 E CMO 7.400%, 2016 10,000 10,026 10,049 (f)
FHLMC ARM #350190 8.500%, 2022 9,777 10,078 10,106 (f)
FHLMC 1379 C CMO 5.600%, 2011 12,632 12,561 12,586 (f)
FHLMC GOLD E00151 7.500%, 2017 10,522 10,818 10,841 (f)
FHLMC 15YR #E00383 7.000%, 2010 23,838 23,799 24,315 (f)
FHLMC 1717B PAC CMO 5.250%, 2008 16,377 16,133 16,308 (f)
FHLMC-GNMA 40 D CMO 6.500%, 2011 20,458 19,890 20,816 (f)
FHLMC 188537 (2) 5.750%, 1998 4 4 4 (f)
FHLMC 4C CMO 8.000%, 2017 6,569 6,598 6,656 (f)
FHLMC CTF SER B-76 8.375%, 2006 140 140 139 (f)
FHLMC CTF SER A-77 8.050%, 2007 63 63 63 (f)
FHLMC CTF SER B-77 8.125%, 2007 260 259 259 (f)
FHLMC 15YR #380025 9.500%, 2003 1,130 1,124 1,183
FHLMC 15 YR #200017 11.000%, 2000 747 764 791 (f)
PAGE 2
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
FHLMC 15 YR #200018 11.000%, 2000 483 494 511 (f)
FHLMC 15 YR #200020 11.000%, 2000 741 757 784 (f)
FHLMC 15 YR #200022 10.500%, 2000 151 154 160 (f)
FHLMC 15 YR #200035 9.000%, 2001 514 508 537 (f)
FHLMC 15 YR #200048 9.000%, 2001 1,174 1,155 1,226
FHLMC 15 YR #200064 8.000%, 2002 681 658 701 (f)
FHLMC 15 YR #212119 9.500%, 2001 222 223 232 (f)
FHLMC 15 YR #218648 9.500%, 2002 85 86 89 (f)
FHLMC 15 YR #219392 11.000%, 2001 230 236 244 (f)
FHLMC 15 YR #219679 9.500%, 2003 925 919 969 (f)
FHLMC 15 YR #219757 11.000%, 2003 3,014 3,140 3,191
FHLMC 15 YR #240001 9.500%, 1997 3,805 3,797 3,915
FHLMC 10 YR #490009 9.000%, 1997 2,626 2,625 2,741
FHLMC 10 YR #490011 10.000%, 1997 426 429 445 (f)
FHLMC 15 YR #500155 11.000%, 2001 657 672 696 (f)
FHLMC 15 YR #500294 11.000%, 2003 286 295 303 (f)
FHLMC 15 YR #500456 11.000%, 2002 376 386 398 (f)
FHLMC 15 YR #502175 10.500%, 2004 399 405 421 (f)
FHLMC ARM #605041 7.999%, 2019 790 790 816 (f)
FHLMC ARM #605048 7.695%, 2018 1,559 1,559 1,604 (f)
FHLMC ARM #605050 7.849%, 2018 608 608 627 (f)
FHLMC ARM 605079 WAC 7.785%, 2018 1,742 1,742 1,793 (f)
FHLMC ARM 605175 WAC 7.822%, 2019 3,963 3,963 4,085 (f)
FHLMC ARM #605352 7.621%, 2018 3,468 3,468 3,567 (f)
FHLMC ARM #401587 8.000%, 2018 2,483 2,483 2,567 (f)
FHLMC ARM #630048 7.750%, 2018 313 313 320 (f)
FHLMC ARM #630074 7.875%, 2018 691 691 706 (f)
FHLMC ARM 840031 WAC 8.038%, 2019 612 612 632 (f)
FHLMC ARM #840035 7.714%, 2019 1,746 1,746 1,795 (f)
FHLMC ARM #840036 7.793%, 2019 2,341 2,341 2,413 (f)
FHLMC ARM #840045 7.548%, 2019 4,282 4,282 4,403 (f)
FHLMC ARM #840072 8.055%, 2019 2,513 2,513 2,551 (f)
FHLMC ARM #405014 7.667%, 2019 1,152 1,152 1,186 (f)
FHLMC ARM #405092 7.564%, 2019 1,831 1,831 1,884 (f)
FHLMC ARM #405185 7.592%, 2018 2,834 2,834 2,916 (f)
FHLMC ARM #405243 8.052%, 2019 1,213 1,213 1,253 (f)
FHLMC ARM #405249 8.298%, 2018 3,642 3,642 3,760 (f)
FHLMC ARM #405360 7.770%, 2019 986 986 1,016 (f)
FHLMC ARM #405437 7.815%, 2019 418 418 431 (f)
FHLMC ARM #405455 7.803%, 2019 1,888 1,888 1,947 (f)
FHLMC ARM #405517 7.832%, 2019 647 647 667 (f)
FHLMC ARM #405615 7.571%, 2019 1,000 1,000 1,029 (f)
FHLMC ARM #405675 8.483%, 2020 2,217 2,217 2,290 (f)
FHLMC ARM #405692 8.491%, 2020 3,179 3,179 3,283 (f)
FHLMC ARM #405744 8.358%, 2020 2,124 2,124 2,195 (f)
FHLMC ARM #605432 7.628%, 2017 912 912 938 (f)
FHLMC ARM #605433 7.684%, 2017 2,085 2,085 2,146 (f)
FHLMC ARM #605454 8.028%, 2017 5,888 5,888 6,073 (f)
FHLMC ARM 605853 WAC 8.177%, 2019 4,539 4,539 4,686 (f)
FHLMC ARM #605854 7.725%, 2019 4,164 4,164 4,289 (f)
FHLMC ARM #606024 7.154%, 2019 1,727 1,727 1,770 (f)
FHLMC ARM #606025 7.114%, 2019 6,443 6,443 6,600 (f)
PAGE 3
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
FHLMC ARM #606151 7.807%, 2019 5,346 5,346 5,511 (f)
FHLMC ARM #635054 7.897%, 2020 379 379 390 (f)
FHLMC ARM #785363 7.001%, 2025 17,716 17,958 18,082 (f)
FHLMC ARM #865008 7.980%, 2018 8,602 8,602 8,753 (f)
FHLMC LOANS #885005 9.500%, 2002 2,102 2,088 2,201 (f)
FHLMC LOANS #885008 10.000%, 2003 3,315 3,336 3,484 (f)
FHLMC 15 YR #885009 9.500%, 2003 4,948 4,917 5,180
FHLMC ARM #606301 8.136%, 2020 7,411 7,411 7,657 (f)
FHLMC ARM #606903 7.387%, 2022 2,485 2,508 2,516 (f)
FHLMC 15 YR #E40290 8.500%, 2007 5,598 5,957 5,836 (f)
FNMA 1991 48 G 7.800%, 2004 2,632 2,630 2,632
FNMA 1991 50 G 7.750%, 2004 891 891 889 (f)
FNMA 1991 132 CL E 8.000%, 2010 2,197 2,195 2,192
FNMA 92 12 H 6.625%, 2019 13,780 13,780 13,773 (f)
FNMA 1992-5 C 7.000%, 2016 5,116 5,087 5,125 (f)
FNMA 92-21D VANILLA 6.650%, 2018 3,404 3,351 3,405 (f)
FNMA 92-185A CMO PAC 5.600%, 2010 5,100 5,094 5,079 (f)
FNMA 92 203 E CMO 6.250%, 2005 10,000 9,689 10,074 (f)
FNMA 93-62 B CMO 6.500%, 2017 8,782 8,444 8,787 (f)
FNMA 93-163 PB CMO 4.750%, 2008 13,549 13,494 13,480 (f)
FNMA 94 34 PE CMO 5.750%, 2006 9,785 9,765 9,758 (f)
FNMA 95 2 T CMO 8.500%, 2021 10,000 9,987 10,233 (f)
FNMA 95-T2 A3 CMO 6.610%, 2018 10,000 9,994 10,050 (f)
FNMA 15 YR #2469 11.000%, 2000 37 38 40 (f)
FNMA 15 YR #13157 11.000%, 2000 50 51 53 (f)
FNMA 15 YR #13548 11.000%, 2000 97 99 103 (f)
FNMA 15 YR #13705 11.000%, 2000 106 108 113 (f)
FNMA 15 YR #18275 11.000%, 2000 11 12 12 (f)
FNMA 15 YR #18745 11.000%, 2000 19 19 20 (f)
FNMA 15 YR #18986 11.000%, 2000 12 13 13 (f)
FNMA 15 YR #19070 11.000%, 2000 11 11 11 (f)
FNMA 15 YR #19261 11.000%, 2000 60 61 63 (f)
FNMA 15 YR #22271 11.000%, 2000 49 50 53 (f)
FNMA 15 YR #22405 11.000%, 2000 121 124 129 (f)
FNMA 15 YR #22569 11.000%, 2000 152 155 161 (f)
FNMA 15 YR #22674 11.000%, 2000 50 51 53 (f)
FNMA 15 YR #25899 11.000%, 2001 33 34 35 (f)
FNMA 30 YR #27880 9.000%, 2016 150 155 158 (f)
FNMA 15 YR #34543 9.250%, 2001 524 523 555 (f)
FNMA 30 YR #36225 9.000%, 2016 317 323 334 (f)
FNMA 30 YR #040877 9.000%, 2017 197 202 208 (f)
FNMA 15 YR #50682 7.000%, 2008 13,577 13,931 13,840 (f)
FNMA 15 YR #50730 6.500%, 2008 19,465 19,670 19,587 (f)
FNMA 15 6.0 #50973 6.000%, 2009 48,574 47,410 48,149 (f)
FNMA 30 YR #51617 10.000%, 2017 371 373 408 (f)
FNMA 30 YR #52185 10.000%, 2017 79 79 86 (f)
FNMA 30 YR #52596 10.000%, 2017 19 19 21 (f)
FNMA 15 YR #58405 11.000%, 2003 34 35 37 (f)
FNMA 15 YR #64520 11.000%, 2001 109 111 116 (f)
FNMA 15 YR #64523 11.000%, 2000 170 173 180 (f)
FNMA 15 YR #66458 10.000%, 2004 5,245 5,298 5,533
FNMA ARM #70007 MEGA 7.297%, 2017 2,899 2,899 2,987 (f)
PAGE 4
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
FNMA ARM #70009 MEGA 7.479%, 2018 4,540 4,540 4,688 (f)
FNMA ARM #70117 7.596%, 2017 973 973 1,005 (f)
FNMA ARM #70202 7.857%, 2019 3,205 3,205 3,315 (f)
FNMA 15 YR #70299 10.750%, 2001 465 477 493 (f)
FNMA 15 YR 70694 MEG 9.500%, 2005 3,222 3,249 3,399
FNMA #73227 MULT-FAM 6.700%, 2005 3,151 3,191 3,142 (f)
FNMA ARM #79384 8.290%, 2019 1,147 1,147 1,189 (f)
FNMA ARM #88879 8.849%, 2019 4,083 4,083 4,293 (f)
FNMA ARM #89125 7.624%, 2019 8,912 9,117 8,967 (f)
FNMA ARM #92069 FLEX 7.890%, 2018 4,463 4,463 4,617 (f)
FNMA ARM #93787 7.819%, 2019 3,988 3,988 4,122 (f)
FNMA ARM #97822 7.972%, 2020 843 843 874 (f)
FNMA ARM #105989 8.292%, 2020 2,615 2,615 2,733 (f)
FNMA 15YR #124848 8.000%, 2008 19,916 19,859 20,650 (f)
FNMA 15 YR #125136 8.000%, 2007 14,695 15,607 15,237 (f)
FNMA 15YR #190175 6.000%, 2008 16,989 16,748 16,840 (f)
FNMA 15YR 190534 6.000%, 2008 24,733 24,347 24,516
FNMA ARM #190726 7.870%, 2033 18,288 18,673 18,871 (f)
FNMA 7YR 190778 BALN 6.000%, 2001 62,454 61,682 62,435 (f)
FNMA ARM #249907 5.897%, 2024 24,540 24,916 25,469 (f)
FNMA 10YR #303115 6.500%, 2004 21,357 20,069 21,691 (f)
FNMA ARM #303259 7.699%, 2025 10,227 10,521 10,574 (f)
FNMA 15YR #303445 5.500%, 2009 24,138 23,042 23,549 (f)
FNMA 7YR #303448 BLN 6.500%, 2002 28,149 28,191 28,484 (f)
GNMA ARM 1 YR #8157 6.500%, 2023 8,301 8,449 8,433 (f)
GNMA ARM #8206 6.750%, 2017 1,777 1,777 1,802 (f)
GNMA ARM #8240 7.250%, 2017 1,304 1,287 1,330 (f)
GNMA ARM #8251 7.250%, 2017 105 105 107 (f)
GNMA ARM #8274 6.750%, 2017 3,534 3,531 3,584 (f)
GNMA ARM #8283 6.750%, 2017 454 453 461 (f)
GNMA ARM #8293 6.750%, 2017 771 770 781 (f)
GNMA ARM #8341 7.375%, 2018 196 195 200 (f)
GNMA ARM #8353 7.375%, 2018 1,509 1,499 1,540 (f)
GNMA ARM #8365 7.375%, 2018 2,789 2,788 2,846 (f)
GNMA ARM #8377 7.250%, 2018 1,211 1,208 1,236 (f)
GNMA ARM #8428 6.750%, 2018 515 515 523 (f)
GNMA ARM #8440 6.750%, 2018 1,308 1,308 1,327 (f)
GNMA ARM #8638 6.000%, 2025 98,798 99,683 99,785 (f)
GNMA PL 2480 5.250%, 1997 6 6 6 (f)
CSFBMSC95-FHA1 A1CMO 6.665%, 2025 9,976 9,976 10,038 (f)
CMO TR14-A1 FLOATER 6.513%, 2009 77 77 77 (f)
CMOT 14-A2 INV 12.370%, 2009 26 21 26 (f)
----------- ---------- ----------
Total United States Government Agencies 1,374,951 1,375,528 1,396,664
----------- ---------- ----------
Municipal Bonds
Alabama
AL CORRECTIONS INST 7.300%, 1999 1,500 1,498 1,557 (b)(f)
AL CORRECTIONS INST 7.400%, 2000 1,500 1,498 1,558 (b)(f)
PAGE 5
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
Alaska
ANCHORAGE AK WTR RV 7.100%, 2000 785 783 805 (b)(f)
California
SOUTHERN CA PUB PWR 6.900%, 1999 1,000 992 1,040 (b)(f)
SOUTHERN CA PUB PWR 7.000%, 2000 1,215 1,203 1,264 (b)(f)
Florida
FLORIDA MUNI POWER 7.200%, 2000 3,450 3,429 3,613 (b)(f)
Georgia
ATLANTA GA REC AUTH 8.000%, 1997 1,000 999 1,019 (b)(f)
MUNI ELEC AUTH GA 86A 7.500%, 1999 1,000 1,000 1,020 (b)(f)
MUNI ELEC AUTH GA 86A 7.600%, 2000 1,000 1,000 1,020 (b)(f)
MUNI ELEC AUTH GA 86A 7.700%, 2001 1,330 1,325 1,357 (b)(f)
MET ATLANTA GA RTA 8.000%, 1996 2,000 1,999 2,043 (b)(f)
Illinois
CHICAGO IL SAN DIST 9.250%, 2000 1,000 1,077 1,185 (b)(f)
CHICAGO IL GAS SPY SRC 7.500%, 2015 4,500 4,500 4,997 (b)(f)
CHICAGO IL BLDG REV 8.000%, 1997 3,000 2,996 3,132 (b)(f)
CHICAGO IL BLDG COMM 8.000%, 1998 1,800 1,792 1,940 (b)(f)
ROSEMOUNT IL GO BNDS 8.300%, 1997 1,520 1,519 1,551 (b)(f)
ROSEMOUNT IL GO BNDS 8.400%, 1998 1,000 998 1,020 (b)(f)
Indiana
INDIANAPOLIS IN ARPT 8.100%, 1996 375 375 383 (b)(f)
INDIANAPOLIS IN ARPT 8.300%, 1997 1,100 1,100 1,146 (b)(f)
INDIANAPOLIS IN ARPT 8.500%, 1998 750 750 782 (b)(f)
INDIANAPOLIS IN REV 7.600%, 1999 1,000 998 1,030 (b)(f)
INDIANAPOLIS IN REV 7.700%, 2000 1,000 998 1,059 (b)(f)
Louisiana
LAFAYETTE LA PUB 1MP 7.300%, 1999 975 975 1,007 (b)(f)
LOUISIANA GO BNDS 86A 7.375%, 2000 4,900 4,888 5,060 (b)(f)
LOUISIANA CORREC FAC 7.300%, 1999 925 927 949 (b)(f)
LOUISIANA CORREC FAC 7.400%, 2000 500 501 513 (b)(f)
Minnesota
WEST MN MUNI POWER 10.250%, 2015 3,120 3,385 3,657 (b)(f)
New Jersey
OCEAN COUNTY NJ UTIL 8.150%, 1997 400 400 418 (b)(f)
OCEAN COUNTY NJ UTIL 8.250%, 1998 500 499 510 (b)(f)
OCEAN COUNTY NJ UTIL 8.300%, 1999 4,000 3,993 4,081 (b)(f)
New York
NY MUNI ASSIST CORP 7.000%, 2000 2,100 2,068 2,175 (b)(f)
NEW YORK CITY GO 9.750%, 1996 8,000 7,995 8,194 (b)(f)
NEW YORK CITY NT GO 7.750%, 2000 1,700 1,700 1,744 (b)(f)
NEW YORK PWR AUTH 9.500%, 2001 445 471 497 (b)(f)
PAGE 6
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
North Carolina
NC EAST MUNI POWER 7.500%, 2000 3,245 3,212 3,343 (b)(f)
NC MUNI POWER 8.300%, 1996 900 900 900 (b)(f)
NC MUNI POWER 8.400%, 1997 2,000 2,000 2,047 (b)(f)
NC MUNI POWER 8.500%, 1998 2,000 2,000 2,041 (b)(f)
Pennsylvania
WY VALLEY PA SWR 5.125%, 2007 145 145 148 (b)(f)
Tennessee
KNOXVL TN GO SER 0 7.150%, 2000 3,490 3,483 3,590 (b)(f)
NASHVL CTY TN SE 85B 7.800%, 1996 835 835 835 (b)(f)
NASHVL CTY TN SE 85B 7.900%, 1997 710 710 724 (b)(f)
NASHVL CTY TN SE 85B 8.000%, 1998 1,000 1,000 1,020 (b)(f)
Texas
AUSTIN TX UTILITY 10.750%, 2015 3,735 4,232 4,692 (b)(f)
DALLAS TX CIVIC CENT 10.900%, 1996 850 850 850 (b)(f)
DALLAS TX CIVIC CENT 8.100%, 1997 925 925 944 (b)(f)
DALLAS TX CIVIC CENT 8.200%, 1998 1,025 1,024 1,047 (b)(f)
HARRIS CNTY TX TOLL 10.375%, 2014 5,300 5,593 5,969 (b)(f)
District of Columbia
DIST OF COLUMBIA GO 7.600%, 1997 4,900 4,895 5,063 (b)(f)
DIST OF COLUMBIA GO 7.600%, 1997 1,950 1,991 2,020 (b)(f)
DIST OF COLUMBIA GO 86B 7.750%, 2000 1,000 1,002 1,037 (b)(f)
Washington
KENT SCH DIST 415 WA 7.100%, 1997 1,320 1,319 1,363 (b)(f)
KENT SCH DIST 415 WA 7.200%, 1998 1,620 1,617 1,674 (b)(f)
PIERCE CTY WA SE REV 8.000%, 1996 3,035 3,035 3,047 (b)(f)
----------- ---------- ----------
Total Municipal Bonds 100,375 101,399 105,680
----------- ---------- ----------
Public Utility
BAROID CORP 8.000%, 2003 5,000 4,985 5,325
BELL ATLANTIC FINL 5.300%, 1998 5,000 4,698 4,957 (f)
CHEVRON-HOWARD BELL 7.700%, 1997 220 219 220 (b)(d)
COLUMBIA GAS SYS 6.390%, 2000 10,000 10,040 10,167 (f)
DETROIT EDISON 6.280%, 2000 7,000 6,938 7,089 (f)
GTE CORP 8.850%, 1998 3,000 3,067 3,181 (f)
HANNA M A 9.000%, 1998 5,000 5,087 5,331
INTL SPECIALTY PROD 9.000%, 1999 15,000 15,321 15,533
JERSEY CENTRAL P&L 6.040%, 2000 5,000 5,001 5,015
KANSAS CITY P&L 7.340%, 1999 10,000 10,000 10,456
NORAM ENERGY CORP 7.500%, 2000 5,000 4,975 5,170 (f)
OCCIDENTAL PETROLEUM 6.410%, 2000 5,000 4,949 5,090 (f)
ORYX ENERGY 8.650%, 1999 15,000 15,000 15,544
PDV AMERICA 7.250%, 1998 3,000 2,993 2,923 (f)
PDV AMERICA 7.750%, 2000 7,000 7,018 6,796 (f)
PACIFIC GAS TRANS 6.640%, 2000 5,000 5,000 5,136 (f)
PENN POWER CO 9.000%, 1996 5,000 4,997 5,144
PAGE 7
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
PRAXAIR INC 6.750%, 2003 5,000 4,720 5,130 (f)
PUBLIC SERVICE E & G 7.100%, 1997 5,000 5,001 5,090 (f)
SALTON SEA 144A CL A 6.690%, 2000 9,016 9,016 9,200 (d)(f)
SHELL OIL CO 7.700%, 1996 9,600 9,613 9,617 (f)
SW BELL CAPITAL CORP 7.900%, 1996 9,000 8,995 9,172
TEXAS UTILITIES 6.370%, 2000 10,000 10,000 10,119 (f)
TOSCO CORP 7.000%, 2000 5,000 4,993 5,121 (f)
NOVACOR CHEMICALS 6.500%, 2000 10,000 9,964 10,177 (d)(f)
----------- ---------- ----------
Total Public Utility 172,836 172,590 176,703
----------- ---------- ----------
Finance
AT&T CAPITAL CORP 6.990%, 1996 7,000 6,991 7,073 (f)
AT&T CAPITAL 6.200%, 2000 5,000 4,991 5,041 (f)
ALCO CAPITAL RES 7.330%, 1998 10,000 10,000 10,321 (f)
AMERICAN GEN FINANCE 7.850%, 1997 2,000 2,002 2,077 (f)
AMERICAN GENERAL FIN 6.470%, 2000 10,000 10,087 10,230 (f)
ARISTAR FINL 7.875%, 1999 3,000 2,996 3,182 (f)
ARISTAR INC 6.300%, 2000 15,000 14,987 15,247 (f)
BANK OF AMERICA 9.750%, 2000 10,000 10,450 11,505
BENEFICIAL CORP 9.250%, 1996 5,000 5,057 5,123 (f)
BENEFICIAL CORP 6.450%, 2000 10,000 10,057 10,212 (f)
CIT GROUP HOLDINGS 4.750%, 1996 10,650 10,604 10,628 (f)
CIT GROUP HOLDINGS 7.000%, 1997 5,000 4,973 5,120 (f)
CENTRAL FIDELITY 4.785%, 1996 5,000 4,991 4,994 (f)
COMDISCO INC 7.250%, 1998 10,000 9,982 10,304
COMMERCIAL CREDIT 8.250%, 2001 9,000 8,897 10,024 (f)
COUNTRYWIDE FUNDING 8.420%, 1999 19,700 19,675 21,145
DART KRAFT FIN 7.750%, 1998 1,000 1,029 1,053 (f)
JOHN DEERE CAPITAL 6.250%, 2000 2,500 2,504 2,548 (f)
JOHN DEERE CAPITAL 6.280%, 2000 5,000 5,018 5,102 (f)
FIDELITY ACCEPTANCE 6.670%, 1997 15,000 15,000 15,096 (b)(d)(f)
FINOVA CAPL CORP 6.840%, 2000 3,000 3,003 3,106 (f)
FIRST SEC BANK UTAH 6.880%, 1996 10,000 9,985 10,123 (f)
FIRST USA DEP NT 6.375%, 2000 5,000 4,985 5,068 (f)
FIRSTAR CORP 7.150%, 2000 12,000 12,000 12,483 (f)
GE CAPITAL CORP 8.125%, 1999 12,000 12,268 12,838 (f)
GREAT WESTERN FINL 6.375%, 2000 3,000 2,990 3,040 (f)
GREENTREE FIN94-1 A1 5.600%, 2019 9,928 9,767 9,926 (f)
GREENTREE FIN94-4 A1 6.550%, 2019 10,167 10,140 10,277 (f)
GREENTREE FIN94-5 A1 6.600%, 1998 12,601 12,600 12,698 (f)
GREENTREE FIN94-6 A1 6.350%, 2019 1,236 1,236 1,239 (f)
GREENTREE FIN94-7 A1 6.700%, 2020 1,689 1,689 1,708 (f)
GREENTREE FIN95-5 A1 5.950%, 2025 14,735 14,731 14,809 (f)
HELLER FINANCIAL 8.000%, 1998 15,000 14,976 15,870
HELLER FINANCIAL 6.500%, 2000 8,000 8,002 8,105 (f)
HERTZ CORP 9.770%, 1996 10,000 10,000 10,028
HERTZ CORP 9.750%, 1996 5,000 5,000 5,014
HOUSEHOLD FINANCE 9.910%, 1996 5,000 5,000 5,000
HOUSEHOLD FINANCE 6.375%, 2000 6,775 6,794 6,890 (f)
HUNTINGTON NATL BANK 4.480%, 1996 12,000 11,746 11,938 (f)
INTL LEASE FINANCE 7.950%, 1999 12,000 11,987 12,734 (f)
PAGE 8
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
INTL LEASE FINANCE 6.375%, 1996 6,000 5,984 6,038 (f)
KEYCORP SENIOR 7.430%, 2000 4,000 3,994 4,247 (f)
MBNA 7.540%, 2001 10,000 9,991 10,696
MBNA CORP 6.500%, 2000 5,000 4,998 5,104 (f)
MARGARETTEN FIN'L 6.750%, 2000 15,250 15,419 15,666 (f)
MELLON FINANCIAL 6.300%, 2000 10,000 9,953 10,211 (f)
MERIDIAN BANCORP 6.625%, 2000 5,000 5,056 5,146 (f)
NCB CAPITAL SER A 8.180%, 1997 8,000 8,000 8,215 (b)(d)
NATIONSBANK TEXAS 6.750%, 2000 12,000 12,047 12,455 (f)
NATIONSBANK CORP 7.500%, 1997 5,000 4,998 5,111 (f)
NORWEST FINANCIAL 7.250%, 2000 4,500 4,492 4,745
ORIX CREDIT ALLIANCE 8.040%, 1997 10,000 10,000 10,273 (b)(d)
ORIX CREDIT ALLIANCE 7.560%, 1997 5,000 5,000 5,146 (b)(d)(f)
PENSKE TRUCK LEASING 6.670%, 2000 13,000 13,008 13,307 (f)
PENSKE TRUCK LEASING 7.750%, 1999 3,000 3,072 3,161 (f)
PROVIDENT BANK 5.000%, 1996 7,000 6,949 6,998 (f)
PROVIDENT BANK 6.125%, 2000 5,000 4,988 5,019
PRU HOME 90-09 A1 9.500%, 1997 739 737 736
SBMS VII 91-1 B1 9.700%, 2006 1,813 1,813 1,779 (f)
SALOMON INC INDEX AM 7.070%, 2000 25,000 25,000 25,460 (f)
SAXON 95-1 A2 ARM 7.080%, 2025 4,349 4,411 4,442 (f)
SOCIETY NAT'L CLEV 6.875%, 1996 9,700 9,672 9,810 (f)
TRANSAMERICA FINANCE 9.260%, 1998 5,000 4,994 5,354
UCFC 95 BA-2 ASSET B 6.600%, 2009 10,000 10,040 10,113 (f)
UCFC 95 CA2 ASSET BK 6.575%, 2011 10,000 10,029 10,116 (f)
USL CAPITAL 9.400%, 1996 15,000 15,000 15,016
WACHOVIA BANK NTS 6.600%, 1997 15,000 14,948 15,283 (f)
WELLSFORD RESID PROP 7.250%, 2000 5,000 4,971 5,471 (f)
XEROX CREDIT 6.840%, 2000 5,000 5,021 5,116 (f)
----------- ---------- ----------
Total Finance 563,332 563,775 579,153
----------- ---------- ----------
Industrial
ADT OPERATIONS INC 8.250%, 2000 5,000 5,064 5,300 (f)
AMERICAN STANDARD 10.875%, 1999 1,000 1,085 1,103 (f)
APPLIED MATERIALS 6.650%, 2000 5,000 5,000 5,151 (f)
BAUSCH & LOMB 6.800%, 1996 3,500 3,492 3,542 (f)
BELL & HOWELL CO 9.250%, 2000 2,000 2,024 2,055 (f)
BROWN GROUP 8.600%, 1999 5,000 5,000 4,971
BURLINGTON NORTHERN 6.375%, 2005 5,000 4,997 5,038
CSX 9.230%, 1998 13,500 13,500 14,438
CATERPILLAR FINANCE 6.960%, 1998 5,000 4,937 5,150 (f)
CATERPILLAR FINANCE 4.640%, 1996 5,000 4,951 4,970 (f)
CENTEX CORP 9.050%, 1996 10,000 10,000 10,116
CHAMPION INTL 9.800%, 1998 10,000 9,995 10,777
CHRYSLER FINANCE 7.700%, 1998 10,000 9,905 10,474 (f)
CHRYSLER FINANCE 7.590%, 2000 5,000 5,001 5,282 (f)
CINCINNATI MILACRON 7.875%, 2000 5,000 5,109 5,201 (d)(f)
COCA-COLA CO 7.750%, 1996 3,700 3,707 3,709 (f)
COLUMBIA/HCA HLTHCRE 6.410%, 2000 10,000 10,027 10,200 (f)
CONT'L CABLEVISION 8.300%, 2006 4,000 3,987 4,025
COOPER INDUSTRIES 7.750%, 1996 10,000 10,071 10,180 (f)
PAGE 9
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
COX COMMUNICATION 6.375%, 2000 25,000 24,885 25,379 (f)
DARLING DELAWARE 11.000%, 2000 3,308 3,329 3,316 (f)
DELTA AIRLINES 9.875%, 1998 8,100 8,100 8,686
DURR FILLAUER 7.000%, 2006 20,000 20,068 19,550 (f)
ENTERPRISE RENT-A-CAR 8.750%, 1999 5,000 4,998 5,449 (b)(d)
ENTERPRISE RENT-A-CAR 7.875%, 1998 5,000 4,999 5,183 (b)(d)(f)
FORD MOTOR CREDIT 6.375%, 2000 10,000 10,125 10,173
FOUNDATION HLTH CORP 7.750%, 2003 4,500 4,485 4,756 (f)
GATC 6.320%, 2000 10,000 9,981 10,107 (f)
GMAC 7.650%, 1997 10,000 9,992 10,229 (f)
GMAC 7.750%, 1999 20,000 19,875 21,093 (f)
ITT CORP 6.250%, 2000 5,000 4,983 5,041 (f)
ILLINOIS CENTRAL 6.270%, 1998 5,000 5,004 5,062 (f)
INTEGON CORP 9.500%, 2001 2,000 1,977 2,193
KAUFMAN & BROAD HOME 10.375%, 1999 1,000 996 1,019
LA QUINTA MOTOR 9.250%, 2003 2,000 2,114 2,127 (f)
LOCKHEED CORP 4.875%, 1996 10,000 9,978 9,993 (f)
LONE STAR INDUSTRIES 10.000%, 2003 657 635 659 (b)(f)
MGM GRAND HOTEL FIN 11.750%, 1999 2,000 2,127 2,130 (f)
MARK IV IND INC 8.750%, 2003 2,000 1,817 2,095
MATTEL INC 6.875%, 1997 15,000 14,962 15,270 (f)
NEWS AMER HLDGS 7.500%, 2000 10,000 9,956 10,467 (f)
PACCAR FIN SER 3 7.940%, 1997 8,250 8,240 8,474 (f)
PARAMOUNT COMMUN 5.875%, 2000 5,350 5,190 5,239 (f)
QUAKER OATS 6.940%, 2003 1,500 1,504 1,579 (f)
QUAKER OATS 6.470%, 2000 10,000 10,047 10,248 (f)
REYNOLDS METALS 9.750%, 1996 10,000 9,995 10,359
ROSEBUD HOLDINGS INC 10.000%, 1997 40 38 36 (b)(f)
RYDER SYSTEM 5.530%, 1997 7,500 7,305 7,494 (f)
RYDER SYSTEM 7.910%, 2000 5,000 5,042 5,367 (f)
RYDER SYSTEMS INC 7.330%, 2000 5,000 5,105 5,298 (f)
SEALY CORP 9.500%, 2003 4,275 4,315 4,350
SEARS 7.620%, 1997 5,000 4,979 5,180 (f)
SEARS 7.420%, 1998 10,000 10,010 10,364 (f)
SEARS ROEBUK ACC 6.500%, 2000 5,000 5,022 5,102 (f)
SERVICE CO INTL 6.375%, 2000 10,500 10,492 10,720 (f)
SERVICE MERCHANDISE 8.375%, 2001 1,000 854 960
SHOWBOAT INC 9.250%, 2008 1,000 834 1,008
SUNAMERICA 9.000%, 1999 20,000 20,000 21,660
SUPERVALU INC 6.500%, 2000 5,000 4,995 5,118 (f)
SUPERVALU INC 7.250%, 1999 8,000 7,945 8,357 (f)
TENET HEALTHCARE CO 8.625%, 2003 7,000 6,977 7,359 (f)
TYSON FOODS 6.410%, 2000 10,000 10,010 10,237 (f)
UNITED AIR 1991A-1 9.200%, 2008 4,741 4,377 5,320
US WEST CAP FDG INC 8.000%, 1996 16,785 16,951 17,085 (f)
U.S. WEST CAP FUNDIN 6.200%, 2000 5,000 4,991 5,031 (f)
VIACOM INC 6.750%, 2003 5,000 4,995 5,047
WMX TECHNOLOGIES 6.250%, 2000 3,500 3,504 3,562 (f)
WAXMAN IND LIBOR 9.455%, 1998 7,500 7,439 6,750 (d)(f)
WHITMAN CORP 6.250%, 2000 5,000 4,930 5,084 (f)
WHITMAN CORP 8.110%, 1997 12,500 12,497 12,811 (f)
BROWNING FERRIS CVT 6.750%, 2005 7,345 6,282 7,382 (f)
PAGE 10
Bal. held
at 12-31-95
Principal
Amount of Cost Value at
Bonds (Notes 12-31-95
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
---------------------------------- ----------- ---------- ----------
FIBERGLASS CAD INC 9.800%, 1998 5,000 5,109 5,426 (d)
REPAP NEW BRUNSWICK 9.875%, 2000 7,000 7,164 7,052 (f)
STENA AB 10.500%, 2005 3,000 3,000 3,045
TARKETT 9.00 9.000%, 2002 1,000 1,022 1,074 (d)(f)
TELEWEST PLC 9.625%, 2006 2,000 2,000 2,045
----------- ---------- ----------
Total Industrial 518,051 516,398 532,882
----------- ---------- ----------
Total Other Bonds and Notes 2,729,545 2,729,690 2,791,082
----------- ---------- ----------
Total Bonds and Notes 2,729,960 2,730,105 2,791,509
----------- ---------- ----------
Bal. Held
at 12-31-95 Cost Value at
Number of (Notes 12-31-95
Shares a and c) (Note a)
----------- ---------- ----------
Preferred Stock
Public Utility
ALLTEL 7.75 $100 PAR 7.75P%, 2005 27,046 2,729 2,732 (d)
AMERICAN WTRWRKS $25 8.500%, 2000 800,000 20,000 22,072 (b)(d)
APPALACHIAN PWR $100 6.85 %, 2004 30,000 3,005 3,216
APPALACHIAN PWR $100 5.90 %, 2008 10,000 996 1,013 (f)
APPALACHIAN PWR $100 5.92 %, 2008 11,000 1,088 1,089
ARIZONA PUB SER V 7.875%, 2007 7,500 789 806 (f)
ARIZONA PUB SVC $100 10.00 %, 2001 50,000 5,000 5,578
ARKANSAS P & L $25 9.920%, 2002 181,079 4,739 4,708
ATLANTIC CITY EL 100 7.80 %, 2006 90,000 8,987 10,036
ATLANTIC CITY EL 100 8.20 %, 2000 82,500 8,241 8,823
ATLANTIC CITY ELEC 8.53 %, 1998 20,320 2,031 2,059
BALTIMORE G&E $100 8.625%, 2000 97,500 9,750 10,539
BALTIMORE G&E $100 8.25 %, 1999 39,956 3,995 4,221
BELL ATLANTIC NZ$100 5.80 %, 2004 100,000 10,000 10,000
BOSTON EDISON $100 8.00 %, 2001 90,000 9,000 9,517
CBI INDUSTRIES 100 7.48 %, 2000 50,000 5,000 5,075
CENTRAL ILL LT $100 5.85 %, 2008 50,000 5,000 4,994
CINCINNATI G&E $100 7.875%, 2004 200,000 20,000 22,000
COMMWLTH ED $100 PVT 8.200%, 2002 73,580 7,171 7,529 (d)
COMMONWEALTH EDISON 8.85S%, 2003 78,000 7,968 7,956 (b)(d)
CONN LT & PWR $50 5.30 %, 2003 115,300 5,668 5,390
CON EDISON $100 SR J 6.125%, 2002 150,000 15,048 15,300
CON EDISON 7.2 SER I 7.20 %, 2007 32,550 3,289 3,446
DUKE POWER $100 SR V 6.40 %, 2002 30,000 3,000 3,195
DUKE POWER $100 SR U 6.30 %, 2001 30,000 3,000 3,195
DUKE POWER $100 SR T 6.20 %, 2000 30,000 3,000 3,195
DUKE POWER 1992D $25 6.20 %, 2001 200,000 5,006 5,150
DUKE POWER 1992C $25 6.10 %, 2000 250,000 6,276 6,437
EASTERN EDISON $100 6.625%, 2008 210,000 20,923 21,630
FLORIDA POWER $100 7.08 %, 2010 22,099 2,191 2,254
GREEN MTN PWR CL-D/3 8.625%, 2000 70,000 7,000 7,269 (b)(d)
PAGE 11
Bal. Held
at 12-31-95 Cost Value at
Number of (Notes 12-31-95
Name of Issuer and Titles of Issue Shares a and c) (Note a)
---------------------------------- ----------- ---------- ----------
HAWAII ELEC $100 8.500%, 2005 20,000 1,993 2,120 (b)(d)
MAUI ELEC $100 8.50 %, 2005 25,000 2,492 2,650 (b)(d)
HOUSTON LT PWR $100 9.375%, 1999 93,000 9,326 9,599 (b)(d)
INDIANA MICH POWER 6.30 %, 2009 52,250 5,222 5,303
IND MICH POWER $100 6.25 %, 2009 20,000 2,008 2,023 (f)
INDIANA MICHIGAN PWR 5.90 %, 2009 32,500 3,102 3,116
JERSEY CENTRAL P&L 8.650%, 2005 75,000 7,500 8,288
JERSEY CENTRAL P & L 8.480%, 2000 85,000 8,524 9,078
LONG ISL LGT SER AA 7.95 %, 2000 273,600 6,913 6,669
LOUISIANA P&L $100 7.00 %, 1999 80,000 8,008 8,260
LOUISIANA P & L $100 8.000%, 2001 70,000 7,000 7,630
MAINE YANKEE $100 7.48 %, 2001 40,730 3,951 4,185
MIDAMERICAN ENERGY 7.80 %, 2006 73,300 7,599 7,825
MN P & L 144A $100 7.125%, 2002 50,000 4,970 4,992 (b)(d)
MN P&L 144A 6.70 6.70 %, 2002 100,000 10,000 10,200 (b)(d)
MISS P&L $100 9.76 %, 1997 26,347 2,633 2,749
NIPSCO IND $100 8.750%, 1996 250,000 25,012 25,012 (b)(d)
NJ NATL GAS 100 144A 7.72P%, 2001 200,000 20,000 22,150 (d)
NIAGARA MOHAWK $25 9.75 %, 1996 13,072 328 327 (b)(d)
NO IND PUB SERV $100 8.85 %, 2003 42,000 4,230 4,293 (b)(d)
NORTHWEST NAT GA 100 6.95 %, 2002 150,000 15,000 16,313
OHIO POWER CO $100 5.90 %, 2009 36,000 3,523 3,587
OHI PWR CO $100 6.02 %, 2008 10,000 989 1,006
OHIO PWR CO $100 6.35 %, 2008 5,000 509 513
ORANGE ROCKLAND$100 8.125%, 1997 13,098 1,315 1,323 (b)(d)
OTTER TAIL PWR $100 6.35 %, 2007 180,000 18,000 18,900
PECO ENERGY 6.12 %, 2003 90,300 8,932 9,278
PACIFIC GAS & ELEC 6.30 %, 2009 24,000 612 583 (f)
PACIFIC GAS & ELEC 6.57P%, 2007 567,500 14,151 14,471
PACIFICORP $100 PAR 7.70 %, 2001 150,000 15,000 16,800
PENN P&L PFD $100 6.15 %, 2003 25,000 2,349 2,550
PENN P&L $100 PAR 6.125%, 2008 60,000 5,952 6,111
PENN PWR & LT $100 6.33 %, 2008 93,000 9,111 9,600
POTOMAC ELEC PWR $50 6.80 %, 2007 160,800 7,936 8,574
POTOMAC ELECTRIC 7.78P%, 2006 160,000 8,008 9,300
PUB SERV COLO $100 7.50 %, 2009 173,368 16,708 17,684 (b)(d)
PUGET SOUND P&L $100 8.00 %, 2004 4,932 493 506
ROCHESTER G&E $100 6.60 %, 2009 20,000 1,899 2,058
ROCHESTER G & E $100 7.65P%, 1999 20,000 2,000 2,160
ROCHESTER G & E $100 7.55P%, 1998 67,000 6,707 7,178
ROCHESTER G & E $100 7.45P%, 1997 52,500 5,250 5,571
SAN DIEGO G&E $25 1.762%, 2008 59,500 1,600 1,607 (f)
SIERRA PAC PWR SER G 8.240%, 1998 81,910 4,095 4,227
SO CA EDISON $100 6.05 %, 2008 20,000 2,003 1,974 (f)
SO CA EDISON $100 6.45 %, 2002 197,250 19,903 20,218
SO INDIANA G&E 100 6.50 %, 2002 75,000 7,500 7,296 (b)(d)
TENNECO SRS B $100 7.400%, 1998 56,904 5,596 5,719
TEXAS UTILITY $100 9.64 %, 1998 72,212 7,253 7,474 (b)(d)
TEXAS UTILITIES 6.375%, 2008 54,000 5,439 5,427
TEXAS UTIL $100 PAR 6.98 %, 2008 50,000 5,000 5,294
UNITED TELECOM $100 7.75 %, 2008 37,472 3,592 3,818 (b)(d)
VIRGINIA ELEC & PWR 5.58 %, 2000 10,000 1,019 1,021 (f)
VIRGINIA ELEC & PWR 6.35P%, 2000 178,700 17,850 18,562
WASHINGTON WATER 8.625%, 2000 80,000 8,012 8,420
PAGE 12
Bal. Held
at 12-31-95 Cost Value at
Number of (Notes 12-31-95
Name of Issuer and Titles of Issue Shares a and c) (Note a)
---------------------------------- ----------- ---------- ----------
WASHINGTON WTR POWER 6.95P%, 2007 57,500 5,767 5,980
WESTERN RESOURCES 7.580%, 2007 23,000 2,408 2,426
----------- ---------- ----------
Total Public Utility 7,966,175 592,182 620,422
----------- ---------- ----------
Finance
HOUSEHLD FIN $100 92A 7.25 %, 1997 90,500 9,244 9,423
Industrial
BOWATER $50 VAR RATE VAR P%, 1998 251,800 12,202 12,338 (f)
WHIRLPOOL FIN $100 B 6.55 %, 2008 180,000 18,151 18,765 (d)
XEROX CORP $50 PAR 7.375%, 1998 72,702 3,602 3,853
----------- ---------- ----------
Total Industrial 504,502 33,955 34,956
----------- ---------- ----------
Total Preferred Stock 8,561,177 635,381 664,801
----------- ---------- ----------
Other
Industrial
MRS FIELDS 20,176,717 605 605 (f)
WAXMAN IND WARRANTS 150,000 150 7 (f)
----------- ---------- ----------
Total Industrial 20,326,717 755 612
----------- ---------- ----------
Total Other 20,326,717 755 612
----------- ---------- ----------
Total Investments in Securities
of Unaffiliated Issuers 3,366,241 3,456,922
Total Reserve for Possible Losses
on Corporate Issues 110
---------- ----------
$3,366,131 $3,456,922
========== ==========
NOTES:
(a) See notes 1 and 3 to financial statements regarding determination of cost and
fair values.
(b) Securities valued by IDS Certificate Company at fair value in the absence of
market quotations.
(c) The aggregate cost of investments in securities of unaffiliated issuers for
federal income tax purposes was $3,362,597.
(d) Securities acquired in private negotiation which may require registration under
federal securities laws if they were to be publicly sold. Also see note 3B to
financial statements.
(e) Non-income producing securities.
(f) Securities classified as available for sale and carried at fair value in the
balance sheet. Also see notes 1 and 3A to financial statements.
PAGE 13
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1995, 1994 and 1993
($ in thousands)
-----------------------------------------------------------------------------------
Balance December 31, 1995 Interest
--------------------------------- Dividends
Principal Carrying Credited
Amount or Cost Value to Income
Name of Issuer and Title of Issue No. of Shares (a)&(c) (b) (d)
-----------------------------------------------------------------------------------
Wholly Owned Subsidiary (b):
Real Estate Investment Company:
Investors Syndicate Development
Corporation:
Capital Stock................ 100 $2,998 $ 5,193 $ 0
===== ----- ------- ----------
Other Controlled Company:
Real Estate Development Company:
Mankato Ventures, First Mortgage
Loan........................... $ 462 462 462 55
===== ----- ------- ----------
Other Affiliates (as defined
in Sec. 2(a)(3) of the
Investment Company Act
of 1940)......................... 0 0 0 0
===== ----- ------- ----------
Total affiliates............... $3,460 $ 5,655 $ 55
===== ======= ==========
PAGE 14
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1995, 1994 and 1993
($ in thousands)
-----------------------------------------------------------------------------------
Balance December 31, 1994 Interest
--------------------------------- Dividends
Principal Carrying Credited
Amount or Cost Value to Income
Name of Issuer and Title of Issue No. of Shares (a)&(c) (b) (d)
-----------------------------------------------------------------------------------
Wholly Owned Subsidiary (b):
Real Estate Investment Company:
Investors Syndicate Development
Corporation:
Capital Stock................ 100 $2,998 $ 4,819 $ 0
===== ----- ------- ----------
Other Controlled Company:
Real Estate Development Company:
Mankato Ventures, First Mortgage
Loan........................... $ 580 580 580 68
===== ----- ------- ----------
Other Affiliates (as defined
in Sec. 2(a)(3) of the
Investment Company Act
of 1940)......................... 0 0 0 0
===== ----- ------- ----------
Total affiliates............... $3,578 $ 5,399 $ 68
===== ======= ==========
PAGE 15
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1995, 1994 and 1993
($ in thousands)
-----------------------------------------------------------------------------------
Balance December 31, 1993 Interest
--------------------------------- Dividends
Principal Carrying Credited
Amount or Cost Value to Income
Name of Issuer and Title of Issue No. of Shares (a)&(c) (b) (d)
-----------------------------------------------------------------------------------
Wholly Owned Subsidiary (b):
Real Estate Investment Company:
Investors Syndicate Development
Corporation:
Capital Stock................ 100 $2,548 $ 4,128 $ 0
===== ----- ------- ----------
Other Controlled Company:
Real Estate Development Company:
Mankato Ventures, First Mortgage
Loan........................... $ 684 684 684 78
===== ----- ------- ----------
Other Affiliates (as defined
in Sec. 2(a)(3) of the
Investment Company Act
of 1940)......................... 0 0 0 0
===== ----- ------- ----------
Total affiliates............... $3,232 $ 4,812 $ 78
===== ======= ==========
PAGE 16
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1995, 1994 and 1993
($ in thousands)
------------------------------------------------------------
NOTES:
(a) The aggregate cost for federal income tax purposes at December 31,
1995, 1994 and 1993 was $5,526, $5,309 and $4,677 respectively,
subject to possible adjustment in certain circumstances under
consolidated income tax return regulations.
(b) Investments in stocks of wholly owned subsidiaries are carried
at cost adjusted for equity in undistributed net income since
organization or acquisition of the subsidiaries.
(c) Changes in investment in affiliate during the three years ended
December 31, 1995 are summarized below:
Cost at Additions (Deductions) Cost at
Name of Issuer and Dec. 31, Dec. 31,
Title of Issue 1992 1993 1994 1995 1995
------------------- -------- ---- ---- ---- --------
Mankato Ventures,
First Mortgage
Loan 779 (95) (104) (118) 462
(d) There were no dividends or interest earned which were not credited
to income.
PAGE 17
IDS CERTIFICATE COMPANY SCHEDULE III
Mortgage Loans on Real Estate and Interest Earned on Mortgages
Year Ended December 31, 1995
($ in thousands)
Part 1 - Mortgage loans on real estate at end of period
------------- ----------------------------------------------
Amount of principal
unpaid at end of period
-----------------------
Carrying Subject Amount
amount of to of
Number Prior mortgages delinquent mortgages
of liens (c),(g),(h) interest being
Description (a) loans (b) and (i) Total (d) forclosed
--------------- ------ ----- ---------- ------ ----------- ------------
First mortgages:
Insured by Federal Housing Administration - liens on:
Residential - under $100 0 0 0 0 0
Apartment and business - under $100 0 0 0 0 0
----- ------ ------ --------- -----------
Total 0 0 0 0 0
----- ------ ------ --------- -----------
Partially guaranteed under Servicemen's
Readjustment Act of 1944, as amended - liens on:
Residential - under $100 0 0 0 0 0
Apartment and business - under $100 0 0 0 0 0
----- ------ ------ --------- -----------
Total 0 0 0 0 0
----- ------ ------ --------- -----------
Other - liens on:
Residential 0 0 0 0 0
Apartment and business: ----- ------ ------ --------- -----------
Under $100 0 0 0 0 0
$100 to $150 2 218 579 0 0
$150 to $200 0 0 0 0 0
$200 to $250 1 238 238 0 0
$250 to $300 2 552 552 0 0
$300 to $350 1 333 333 0 0
$350 to $400 3 1,157 1,157 0 0
$400 to $450 2 867 867 0 0
$450 to $500 0 0 0 0 0
Over $500
Loan No. Mortgagor Property Location
-------- --------- -----------------
20-00001 NSP, LTD Bloomington, MN 1 676 676 0 0
21-46978 Kraus Anderson Burnsville, MN 1 283 533 0 0
21-47004 Retired Teachers Housing Authority Yukon, OK 1 677 677 0 0
21-47084 Ryan Construction Co. Eden Prairie, MN 1 1,821 1,821 0 0
PAGE 18
Part 1 - Mortgage loans on real estate at end of period
------------- ----------------------------------------------
Amount of principal
unpaid at end of period
-------------------------
Carrying Subject Amount
Description (a) amount of to of
--------------- Number Prior mortgages delinquent mortgages
Over $500 of liens (c),(g),(h) interest being
Loan No. Mortgagor Property Location loans (b) and (i) Total (d) forclosed
-------- --------- ----------------- ------ ----- ---------- ------ ----------- -----------
21-47106 1225 No. County Road 18 LTD Plymouth, MN 1 1,625 1,625 0 0
21-47110 Lloyd Engelsma Brooklyn Park, MN 1 2,582 2,582 0 0
21-47116 McCaughey Dev. Association Madison, WI 1 1,230 1,230 0 0
21-47128 Century Income Properties Fund Brookfield,WI 1 1,973 1,973 0 0
21-47129 Retired Teachers Housing Yukon, OK 1 502 502 0 0
21-47139 Treasurer's Island Inc. Eagan, MN 1 1,564 1,564 0 0
21-47140 Harbour Run LTD MentorOnTheLake,OH 1 4,173 4,173 0 0
21-47141 John E. Smith Lafayette, IN 1 4,146 4,146 0 0
21-47142 34th Street Properties Partnership Gainsville, FL 1 10,221 10,221 0 0
21-47144 Turnquist, Inc. Brooklyn Park, MN 1 4,468 4,468 0 0
21-47147 Columbus Real Estate Co. Hilliard, OH 1 7,838 7,838 0 0
21-47148 Turner Development Corporation Orlando, FL 1 4,830 4,830 0 0
21-47150 Bircain Apartment Company LP Gladstone, MO 1 2,473 2,473 0 0
21-47151 Pinecrest I Spokeane, WA 1 1,089 1,089 0 0
21-47152 Richard D. Fownes Trustee Boston, MA 1 3,749 3,749 0 0
21-47153 Fox Run of Omaha, Inc. Omaha, NE 1 2,573 2,573 0 0
21-47154 Kenneth Grandberg Trustee Randolph, MA 1 3,157 3,157 0 0
21-47155 VLM Partnership Overland Park, KS 1 2,852 2,852 0 0
21-47156 LT Limited Partnership Lafayette, IN 1 4,292 4,292 0 0
21-47157 John A. Belanich Tampa, FL 1 3,643 3,643 0 0
21-47158 Grande Associates South River, NJ 1 4,231 4,231 0 0
21-47159 Grande Associates Marlton, NJ 1 3,818 3,818 0 0
21-47160 James Esshaki DBA Taylor MI 1 6,132 6,132 0 0
21-47162 York Creek #3 LTD DBA Taylor MI 1 3,994 3,994 0 0
21-47163 Bayrock Investment Company Sarasota, FL 1 6,557 6,557 0 0
21-47164 K & M Hamilton Development Co. Halmilton, OH 1 5,804 5,804 0 0
21-47165 Bowling Freen Partnership Sussex, WI 1 2,663 2,663 0 0
21-47166 Colonial Estates Associates Warrington, PA 1 6,270 6,270 0 0
21-47167 Wilder Corp of Delaware Ruskin, FL 1 5,779 5,779 0 0
PAGE 19
Part 1 - Mortgage loans on real estate at end of period
------------- ----------------------------------------------
Amount of principal
unpaid at end of period
------------------------
Carrying Subject Amount
Description (a) amount of to of
--------------- Number Prior mortgages delinquent mortgages
Over $500 of liens (c),(g),(h) interest being
Loan No. Mortgagor Property Location loans (b) and (i) Total (d) forclosed
-------- --------- ----------------- ------ ----- ---------- ------ ----------- -----------
21-47168 Wilder Corp of Delaware Riverview, FL 1 3,190 3,190 0 0
21-47169 Franklin & Bonnie Kottshade Rochester, MN 1 4,353 4,353 0 0
21-47170 Franklin & Bonnie Kottshade Rochester, MN 1 1,158 1,158 0 0
21-47172 Dial Reit Inc. Fremont, NE 1 2,947 2,947 0 0
21-47173 Cinram Associates Fairfield, NJ 1 3,887 3,887 0 0
21-47174 Grande Associates Deptford Twnsp, NJ 1 8,260 8,260 0 0
21-47177 Griffin Real Estate Fund II LP Urbandale, IA 1 2,869 2,869 0 0
21-47178 Griffin Real Estate Fund II LP Urbandale, IA 1 2,485 2,485 0 0
21-47179 Morrestown Office Center Morrestown, NJ 1 2,728 2,728 0 0
21-47181 Westlake #1 Limited Partnership Charlotte, NC 1 2,391 2,391 0 0
21-47183 Cowne Point Ltd Partnership Holland, MI 1 3,914 3,914 0 0
21-47184 Mcnab Commerce Center Association Pompano Beach, FL 1 2,210 2,210 0 0
21-47186 Mack Edison Company Edison, NJ 1 6,907 6,907 0 0
21-47187 Industrial Development Association Mebane, NC 1 2,662 2,662 0 0
21-47190 Dial Reit Inc. Davenport, IA 1 4,170 4,170 0 0
21-47191 SSC Associates Ltd Ptnshp St. Claire Shores, MI 1 6,286 6,286 0 0
21-47192 Tree Trail Village Association Norcross, GA 1 6,681 6,681 0 0
21-47193 ECPG (Peoria) Association Glendale, AZ 1 6,565 6,565 0 0
21-47194 Briar Development Company Tacoma, WA 1 4,302 4,302 0 0
21-47195 Tipotex Inc. Pharr, TX 1 1,905 1,905 0 0
21-47196 Wilder Corporation Pharr, TX 1 4,262 4,262 0 0
21-47197 Wilder Corporation Alamo, TX 1 976 976 0 0
21-47198 Investors Real Estate Trust Grand Forks, ND 1 4,209 4,209 0 0
21-47199 Warren and Kelso Company Cheltenham Twsp, PA 1 2,901 2,901 0 0
21-47201 Oakland Park Festival Ctr Oakland Park, FL 1 4,405 4,405 0 0
21-47202 Lakewood West Ltd Partnership Lakewood, CO 1 4,290 4,290 0 0
21-47203 Desert Shadow Tucson, AZ 1 8,942 8,942 0 0
0-2013291 Ryan Equities Pantago, TX 1 790 790 0 0
0-3027654 DFB Associates Costa Mesa, CA 1 1,137 1,137 0 0
0-3031967 Special Partnership St. Anthony, MN 1 562 562 0 0
----- ------- ------- --------- ----------
74 233,394 234,005 0 0
----- ------- ------- --------- -----------
Total Other 74 233,394 234,005 0 0
----- ------- ------- --------- -----------
Total First Mortgage Loans on Real Estate 74 233,394 234,005 0 0
===== ======= ======= ========= ===========
PAGE 20
Part 2 -
Interest earned on mortgages
----------------------------
Average
gross rate
Interest of interest
due and on mortgages
accrued held at end
at end of of period
Description (a) period (e) (f)
--------------- ------------ --------------
First mortgages:
Insured by Federal Housing Administration - liens on:
Residential - under $100 0.000%
Apartment and business - under $100 0.000%
------------
Total 0.000%
------------
Partially guaranteed under Servicemen's
Readjustment Act of 1944, as amended - liens on:
Residential - under $100 0.000%
Apartment and business - under $100 0.000%
------------
Total 0.000%
------------
Other - liens on:
Residential 0
Apartment and business: ------------
Under $100 0.000%
$100 to $150 9.477%
$150 to $200 0.000%
$200 to $250 8.750%
$250 to $300 10.191%
$300 to $350 9.900%
$350 to $400 8.625%
$400 to $450 9.372%
$450 to $500 0.000%
Over $500
Loan No. Mortgagor Property Location
-------- --------- -----------------
20-00001 NSP, LTD Bloomington, MN 8.750%
21-46978 Kraus Anderson Burnsville, MN 9.250%
21-47004 Retired Teachers Housing Authority Yukon, OK 8.875%
21-47084 Ryan Construction Co. Eden Prairie, MN 8.500%
PAGE 21
Part 2 -
Interest earned on mortgages
----------------------------
Average
gross rate
Interest of interest
due and on mortgages
Description (a) accrued held at end
---------------
Over $500 at end of of period
Loan No. Mortgagor Property Location period (e) (f)
-------- --------- ----------------- ------------ --------------
21-47106 1225 No. County Road 18 LTD Plymouth, MN 10.250%
21-47110 Lloyd Engelsma Brooklyn Park, MN 8.750%
21-47116 McCaughey Dev. Association Madison, WI 8.500%
21-47128 Century Income Properties Fund Brookfield,WI 10.000%
21-47129 Retired Teachers Housing Yukon, OK 12.000%
21-47139 Treasurer's Island Inc. Eagan, MN 8.625%
21-47140 Harbour Run LTD MentorOnTheLake,OH 9.000%
21-47141 John E. Smith Lafayette, IN 10.000%
21-47142 34th Street Properties Partnership Gainsville, FL 8.125%
21-47144 Turnquist, Inc. Brooklyn Park, MN 8.875%
21-47147 Columbus Real Estate Co. Hilliard, OH 8.375%
21-47148 Turner Development Corporation Orlando, FL 9.375%
21-47150 Bircain Apartment Company LP Gladstone, MO 9.750%
21-47151 Pinecrest I Spokeane, WA 9.875%
21-47152 Richard D. Fownes Trustee Boston, MA 9.750%
21-47153 Fox Run of Omaha, Inc. Omaha, NE 9.750%
21-47154 Kenneth Grandberg Trustee Randolph, MA 9.750%
21-47155 VLM Partnership Overland Park, KS 9.750%
21-47156 LT Limited Partnership Lafayette, IN 10.000%
21-47157 John A. Belanich Tampa, FL 8.750%
21-47158 Grande Associates South River, NJ 7.500%
21-47159 Grande Associates Marlton, NJ 7.500%
21-47160 James Esshaki DBA Taylor MI 10.000%
21-47162 York Creek #3 LTD DBA Taylor MI 9.750%
21-47163 Bayrock Investment Company Sarasota, FL 9.375%
21-47164 K & M Hamilton Development Co. Halmilton, OH 9.625%
21-47165 Bowling Freen Partnership Sussex, WI 8.625%
21-47166 Colonial Estates Associates Warrington, PA 8.750%
21-47167 Wilder Corp of Delaware Ruskin, FL 9.625%
PAGE 22
Part 2 -
Interest earned on mortgages
----------------------------
Average
gross rate
Interest of interest
Description (a) due and on mortgages
--------------- accrued held at end
Over $500 at end of of period
Loan No. Mortgagor Property Location period (e) (f)
-------- --------- ----------------- ------------ --------------
21-47168 Wilder Corp of Delaware Riverview, FL 9.625%
21-47169 Franklin & Bonnie Kottshade Rochester, MN 9.000%
21-47170 Franklin & Bonnie Kottshade Rochester, MN 9.750%
21-47172 Dial Reit Inc. Fremont, NE 9.250%
21-47173 Cinram Associates Fairfield, NJ 9.125%
21-47174 Grande Associates Deptford Twnsp, NJ 8.875%
21-47177 Griffin Real Estate Fund II LP Urbandale, IA 8.375%
21-47178 Griffin Real Estate Fund II LP Urbandale, IA 8.375%
21-47179 Morrestown Office Center Morrestown, NJ 8.625%
21-47181 Westlake #1 Limited Partnership Knosha, WI 8.250%
21-47183 Crowne Point Ltd Partnership Holland, MI 9.250%
21-47184 Mcnab Commerce Center Association Pompano Beach, FL 9.000%
21-47186 Mack Edison Company Edison, NJ 8.000%
21-47187 Industrial Development Association Mebane, NC 8.125%
21-47190 Dial Reit Inc. Davenport, IA 8.000%
21-47191 SSC Associates Ltd Ptnshp St. Claire Shores, MI 8.125%
21-47192 Tree Trail Village Association Norcross, GA 8.250%
21-47193 ECPG (Peoria) Association Glendale, AZ 8.750%
21-47194 Briar Development Company Tacoma, WA 8.750%
21-47195 Tipotex Inc. Pharr, TX 9.125%
21-47196 Wilder Corporation Pharr, TX 9.125%
21-47197 Wilder Corporation Alamo, TX 9.125%
21-47198 Investors Real Estate Trust Grand Forks, ND 9.750%
21-47199 Warren and Kelso Company Cheltenham Twsp, PA 8.125%
21-47201 Oakland Park Festival Ctr Oakland Park, FL 7.750%
21-47202 Lakewood West Ltd Partnership Lakewood, CO 7.750%
21-47203 Desert Shadow Tucson, AZ 8.750%
0-2013291 Ryan Equities Pantago, TX 11.125%
0-3027654 DFB Associates Costa Mesa, CA 9.500%
0-3031967 Special Partnership St. Anthony, MN 9.250%
------------
8.901%
------------
Total Other 8.901%
------------
Total First Mortgage Loans on Real Estate 8.901%
============
PAGE 23
Part 3 - Location of mortgaged properties
-----------------------------------------
($ in thousands)
Amount of principal
unpaid at end of period
-----------------------
Carrying Subject
State in amount of to Amount of
which mortgaged Number Prior mortgages delinquent mortgages
property of liens (c), (g), interest being
is located loans (b) (h) and (i) Total (d) foreclosed
--------------- ------- ----- ---------- ----------- ----------- ----------
Arizona 2 15,507 15,507
California 3 1,898 1,898
Colorado 1 4,290 4,290
Florida 8 40,835 40,835
Georgia 1 6,681 6,681
Indiana 2 8,437 8,437
Iowa 3 9,525 9,525
Kansas 1 2,852 2,852
Massachusetts 2 6,906 6,906
Michigan 4 20,327 20,327
Minnesota 12 19,761 20,011
Missouri 1 2,473 2,473
Nebraska 2 5,520 5,520
New Jersey 7 30,220 30,220
North Carolina 2 5,053 5,053
North Dakota 1 4,210 4,210
Ohio 3 17,816 17,816
Oklahoma 3 1,417 1,417
Pennsylvania 2 9,171 9,171
South Dakota 1 387 387
Texas 7 8,414 8,775
Virginia 1 438 438
Washington 2 5,390 5,390
Wisconsin 3 5,866 5,866
------ ---------- ---------- --------- ---------
Total 74 233,394 234,005 0 0
====== ========== ========== ========= =========
PAGE 24
NOTES:
(a) The classification "residential" includes single dwellings only.
Residential multiple dwellings are included in "apartment and
business".
(b) Real estate taxes and easements, which in the opinion of the Company
are not undue burden on the properties, have been excluded from
the determination of "prior liens".
(c) In this schedule III, carrying amount of mortgage loans represents
unpaid principal balances plus unamortized premiums less
unamortized dicounts and allowance for loss.
(d) Interest in arrears for less than three months has been disregarded
in computing the total amount of principal subject to delinquent
interest. The amounts of mortgage loans being forclosed are
also included in amounts subject to delinquent interest.
(e) Information as to interest due and accrued at the end of the period
is shown by type of mortgage loan. Information as to interest
due and accrued for the various classes within the types of
mortgage loans is not readily available and the obtaining
thereof would involve unreasonable effort and expense.
The Company does not accrue interest on loans which are over three
months delinquent.
(f) Information as to interest income by type and class of loan has been
omitted because it is not readily available and the obtaining
thereof would involve unreasonable effort and expense. In lieu
thereof, the average gross interest rates (exclusive of amort-
tization of discounts and premiums) on mortgage loans held at
December 31, 1995 are shown by type and class of loan.
The average gross interest rates on mortgage loans held at
December 31, 1995, 1994 and 1993 are summarized as follows:
1995 1994 1993
First mortgages: ----- ----- -----
Insured by Federal Housing
Administration 0.000% 7.186% 7.076%
Partially guaranteed under
Servicemen's Readjustment
Act of 1944, as amended 0.000 8.000 8.000
Other 8.901 8.884 9.055
----- ----- -----
Combined average 8.901% 8.884% 9.055%
===== ===== =====
PAGE 25
(g) Following is a reconciliation of the carrying amount of mortgage
loans for the years ended December 31, 1995, 1994 and 1993.
1995 1994 1993
---- ---- ----
[S] [C] [C] [C]
Balance at beginning
of period $ 253,968 $ 281,865 $ 233,796
Additions during period:
New loans acquired:
Nonaffiliated
companies 9,000 0 59,183
Allowance for loss
transferred to
real estate 0 350 530
Allowance for loss
reversed 0 0 220
Amortization of
discount/premium 0 51 90
---------- ---------- ----------
Total additions 9,000 401 60,023
---------- ---------- ----------
262,968 282,266 293,819
---------- ---------- ----------
Deductions during period:
Collections of
principal 29,533 28,298 5,908
Cost of mortgages sold 41 0 6,046
---------- ---------- ----------
Total deductions 29,574 28,298 11,954
---------- ---------- ----------
Balance at end of
period $ 233,394 $ 253,968 $ 281,865
========== ========== ==========
(h) The aggregate cost of mortgage loans for federal income tax purposes
at December 31, 1995 was $234,005.
(i) At December 31, 1995, an allowance for loss of $611 is recorded which
represents the amount of impairment on mortgage loans.
PAGE 26
IDS CERTIFICATE COMPANY SCHEDULE V
Qualified Assets on Deposit
December 31, 1995
($ thousands)
Investments in Securities
-------------------------
Bonds and Mortgage
Notes Stocks Loans Other
Name of Depositary (a) (b) (c) (d) Total
------------------ ----------- ---------- -------- -------- ----------
Deposits with states or their de-
positaries to meet requirements
of statutes and agreements:
Illinois - Secretary of
State of Illinois $ 49 $ 0 $ 0 $ 0 $ 49
New Jersey - Commissioner
of Banking and Insurance
of New Jersey 100 0 0 0 100
Pennsylvania - Treasurer
of the State of
Pennsylvania 150 0 0 0 150
Texas - Treasurer of the
State of Texas 115 0 0 0 115
---------- ---------- -------- --------- ----------
Total deposits with states
or their depositaries to
meet requirements of
statues and agreements 414 0 0 0 414
Central depositary - American
Express Trust Company (e) 2,798,524 636,136 229,554 14,081 3,678,295
---------- ---------- -------- --------- ----------
Total $2,798,938 $ 636,136 $229,554 $ 14,081 $3,678,709
========== ========== ======== ========= ==========
Notes:
(a) Represents amortized cost of bonds and notes.
(b) Represents average cost of individual issues of stocks.
(c) Represents unpaid principal balance of mortgage loans less unamortized
discounts and reserve for losses.
(d) Represents amortized cost of interest rate caps of $3,362 and amortized cost of
purchased call options of $10,719.
(e) Formerly IDS Trust Company.
PAGE 27
Schedule VI
IDS CERTIFICATE COMPANY
Certificate Reserves
Part 1 - Summary of Changes
Year ended December 31, 1995 Balance at beginning of period
($ in thousands) --------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 1 $ 5 1
" 20, " " " 2.52 Inst/2.50 Ext. 105 1,275 1,195
" 15A, " " " 2.66 Inst/3.04 Ext. 93 1,374 1,248
" 22A, " " " 3.09 2,641 44,461 35,797
" I-76, " " " 3.35 1,200 28,481 11,036
" Reserve Plus Flexible Payment (note a) 568 5,546 2,926
" IC-Q-Installment (note a) 1,185 12,831 5,045
" IC-Q-Ins (note a) 32,601 443,888 164,058
" IC-Q-Ins Emp (note a) 193 2,812 942
" IC-1 (note a) 46,436 865,176 98,886
" IC-1-Emp (note a) 372 7,105 734
" RP-Q-Installment (note a) 633 9,374 4,837
" RP-Q-Flexible Payment (note a) 212 3,100 958
" RP-Q-Ins (note a) 880 19,554 6,122
" RP-Q-Ins Emp (note a) 7 435 27
" RP-1 (note a) 431 14,994 1,774
" RP-1-Emp (note a) 2 636 6
---------- ---------- ----------
Total 87,560 1,461,047 335,592
---------- ---------- ----------
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 Not Not 0
" 20, " " " 2 Readily Applicable 56
" 15A, " " " 3 Available 29
" 22A, " " " 3 1,163
" I-76, " " " 3.5 386
----------
Total 1,634
----------
PAGE 28
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
payment basis or income holders part 2)
Description ------------- ---------- ----------- ----------
- -----------
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 0 0 0
" 20, " " " 2.52 Inst/2.50 Ext. 22 6 19
" 15A, " " " 2.66 Inst/3.04 Ext. 29 21 14
" 22A, " " " 3.09 1,040 659 2,655
" I-76, " " " 3.35 353 460 55
" Reserve Plus Flexible Payment (note a) 0 373 85
" IC-Q-Installment (note a) 0 378 90
" IC-Q-Ins (note a) 0 23,738 3,986
" IC-Q-Ins Emp (note a) 0 135 25
" IC-1 (note a) 0 84,788 4,003
" IC-1-Emp (note a) 0 646 36
" RP-Q-Installment (note a) 0 69 111
" RP-Q-Flexible Payment (note a) 0 22 29
" RP-Q-Ins (note a) 0 524 134
" RP-Q-Ins Emp (note a) 0 5 1
" RP-1 (note a) 0 1,250 67
" RP-1-Emp (note a) 0 8 0
---------- ----------- ----------
Total 1,444 113,082 11,310
---------- ----------- ----------
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 0 0 0
" 20, " " " 2 2 5 1
" 15A, " " " 3 1 7 1
" 22A, " " " 3 51 336 115
" I-76, " " " 3.5 19 77 4
---------- ----------- ----------
Total 73 425 121
---------- ----------- ----------
PAGE 29
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ---------- ----------
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 0 0 0
" 20, " " " 2.52 Inst/2.50 Ext. 128 122 626
" 15A, " " " 2.66 Inst/3.04 Ext. 62 77 403
" 22A, " " " 3.09 2,235 2,027 6,624
" I-76, " " " 3.35 92 1,791 283
" Reserve Plus Flexible Payment (note a) 2,950 955 1
" IC-Q-Installment (note a) 0 1,350 15
" IC-Q-Ins (note a) 0 79,498 10
" IC-Q-Ins Emp (note a) 0 551 0
" IC-1 (note a) 0 24,656 0
" IC-1-Emp (note a) 0 312 0
" RP-Q-Installment (note a) 1,213 1,023 86
" RP-Q-Flexible Payment (note a) 351 249 1
" RP-Q-Ins (note a) 0 3,071 0
" RP-Q-Ins Emp (note a) 0 10 0
" RP-1 (note a) 0 460 0
" RP-1-Emp (note a) 0 0 0
---------- ---------- ----------
Total 7,031 116,152 8,049
---------- ---------- ----------
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 0 0 0
" 20, " " " 2 5 7 34
" 15A, " " " 3 1 0 13
" 22A, " " " 3 97 72 545
" I-76, " " " 3.5 0 52 33
---------- ---------- ----------
Total 103 131 625
---------- ---------- ----------
PAGE 30
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 1 5 1
" 20, " " " 2.52 Inst/2.50 Ext. 33 407 366
" 15A, " " " 2.66 Inst/3.04 Ext. 56 831 770
" 22A, " " " 3.09 2,051 36,322 29,265
" I-76, " " " 3.35 1,001 23,309 9,830
" Reserve Plus Flexible Payment (note a) 466 4,400 2,336
" IC-Q-Installment (note a) 302 3,215 1,198
" IC-Q-Ins (note a) 21,505 275,345 112,274
" IC-Q-Ins Emp (note a) 117 1,765 551
" IC-1 (note a) 57,510 1,053,083 163,021
" IC-1-Emp (note a) 433 7,229 1,104
" RP-Q-Installment (note a) 318 4,379 2,695
" RP-Q-Flexible Payment (note a) 105 1,704 408
" RP-Q-Ins (note a) 595 11,401 3,709
" RP-Q-Ins Emp (note a) 5 176 23
" RP-1 (note a) 498 14,852 2,631
" RP-1-Emp (note a) 5 1,254 14
---------- ----------- ----------
Total 85,001 1,439,677 330,196
---------- ----------- ----------
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 Not Not 0
" 20, " " " 2 Readily Applicable 18
" 15A, " " " 3 Available 24
" 22A, " " " 3 951
" I-76, " " " 3.5 401
----------
Total 1,394
----------
PAGE 31
Balance at beginning of period
--------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
Additional credits and accrued interest
thereon:
Series 15, includes extended maturities 2.5 0
" 20, " " " 2.5 Not Not 284
" 15A, " " " 3 Readily Applicable 226
" 22A, " " " 3 Available 7,475
" I-76, " " " 3.5 2,628
" Reserve Plus Flexible Payment (note a) 0
" IC-Q-Installment (note a) 0
" IC-Q-Ins (note a) 0
" IC-Q-Ins Emp (note a) 0
" IC-1 (note a) 118
" IC-1-Emp (note a) 0
" RP-Q-Installment (note a) 0
" RP-Q-Flexible Payment (note a) 0
" RP-Q-Ins (note a) 0
" RP-Q-Ins Emp (note a) 0
" RP-1 (note a) 2
" RP-1-Emp (note a) 0
----------
Total 10,733
----------
Reserve for accrued extra contribution 3rd year 8,382
Reserve for accrued extra contribution 6th year 644
Accrued interest on reserves in default I-76 3.5 3
Reserve for additional credits to be allowed Not Not
Installment Certificates-Special Additional Readily Applicable
Credits I-76 Available 0
Accrued for additional credits to be allowed at
next anniversary 59
Reserve for death and disability refund options 0
Reserve for reconversion of paid-up certificates 53
----------
Total installment certificates 357,100
----------
PAGE 32
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
- ----------- ------------- ---------- ----------- ----------
Additional credits and accrued interest
thereon:
" 15, includes extended maturities 2.5 0 0
" 20, " " " 2.5 4 Not 6
" 15A, " " " 3 4 Applicable 3
" 22A, " " " 3 190 557
" I-76, " " " 3.5 82 24
" Reserve Plus Flexible Payment (note a) 86 0
" IC-Q-Installment (note a) 90 0
" IC-Q-Ins (note a) 3,990 0
" IC-Q-Ins Emp (note a) 25 0
" IC-1 (note a) 4,100 0
" IC-1-Emp (note a) 37 0
" RP-Q-Installment (note a) 111 0
" RP-Q-Flexible Payment (note a) 29 0
" RP-Q-Ins (note a) 134 0
" RP-Q-Ins Emp (note a) 1 0
" RP-1 (note a) 68 0
" RP-1-Emp (note a) 0 0
---------- ----------
Total 8,951 590
---------- ----------
Reserve for accrued extra contribution 3rd year 5,575 (1,635) 0
Reserve for accrued extra contribution 6th year 389 (470) 0
Accrued interest on reserves in default I-76 3.5 6 0 0
Reserve for additional credits to be allowed
Installment Certificates-Special Additional
Credits I-76 0 0 0
Accrued for additional credits to be allowed at
next anniversary 325 0 0
Reserve for death and disability refund options 0 0 0
Reserve for reconversion of paid-up certificates 1 0 0
---------- ----------- ----------
Total installment certificates 16,764 111,402 12,021
---------- ----------- ----------
PAGE 33
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ----------- ----------
Additional credits and accrued interest
thereon:
Series 15, includes extended maturities 2.5 0 0 0
" 20, " " " 2.5 32 31 153
" 15A, " " " 3 12 15 77
" 22A, " " " 3 472 416 1,394
" I-76, " " " 3.5 0 430 57
" Reserve Plus Flexible Payment (note a) 0 0 86
" IC-Q-Installment (note a) 0 0 90
" IC-Q-Ins (note a) 0 0 3,990
" IC-Q-Ins Emp (note a) 0 0 25
" IC-1 (note a) 0 0 4,004
" IC-1-Emp (note a) 0 0 35
" RP-Q-Installment (note a) 0 0 111
" RP-Q-Flexible Payment (note a) 0 0 29
" RP-Q-Ins (note a) 0 0 134
" RP-Q-Ins Emp (note a) 0 0 1
" RP-1 (note a) 0 0 67
" RP-1-Emp (note a) 0 0 0
---------- ---------- ----------
Total 516 892 10,253
---------- ---------- ----------
Reserve for accrued extra contribution 3rd year 0 0 0
Reserve for accrued extra contribution 6th year 0 0 0
Accrued interest on reserves in default I-76 3.5 0 1 6
Reserve for additional credits to be allowed
Installment Certificates-Special Additional
Credits I-76 0 0 0
Accrued for additional credits to be allowed at
next anniversary 0 0 108
Reserve for death and disability refund options 0 0 0
Reserve for reconversion of paid-up certificates 0 0 1
---------- ---------- ----------
Total installment certificates 7,650 117,176 19,042
---------- ---------- ----------
PAGE 34
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
Additional credits and accrued interest
thereon:
Series 15, includes extended maturities 2.5 0
" 20, " " " 2.5 Not Not 78
" 15A, " " " 3 Readily Applicable 129
" 22A, " " " 3 Available 5,940
" I-76, " " " 3.5 2,247
" Reserve Plus Flexible Payment (note a) 0
" IC-Q-Installment (note a) 0
" IC-Q-Ins (note a) 0
" IC-Q-Ins Emp (note a) 0
" IC-1 (note a) 214
" IC-1-Emp (note a) 2
" RP-Q-Installment (note a) 0
" RP-Q-Flexible Payment (note a) 0
" RP-Q-Ins (note a) 0
" RP-Q-Ins Emp (note a) 3
" RP-1 (note a) 0
-----------
Total 8,613
-----------
Reserve for accrued extra contribution 3rd year 12,322
Reserve for accrued extra contribution 6th year 563
Accrued interest on reserves in default I-76 3.5 2
Reserve for additional credits to be allowed
Installment Certificates-Special Additional Not Not
Credits I-76 Readily Applicable 0
Accrued for additional credits to be allowed at Available
next anniversary 276
Reserve for death and disability refund options 0
Reserve for reconversion of paid-up certificates 53
-----------
Total installment certificates 353,419
-----------
PAGE 35
Balance at beginning of period
--------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
Fully paid certificates:
Single-payment certificates:
SP 74 3.5 214 2,049 2,041
SP 75 3.5 2,237 22,384 21,880
SP 76 3.5 482 3,982 3,737
SP 77 3.5 547 3,832 3,487
SP 78 3.5 627 4,687 4,125
SP 79 3.5 765 5,820 4,961
SP 80 3.5 716 5,870 4,822
SP 81A 3.5 586 3,948 3,128
SP 82A 3.5 563 5,696 4,368
SP 82B 3.5 1,011 9,758 7,400
SP 83A 3.5 187 1,674 1,252
SP 83B 3.5 389 3,600 2,647
IC-2-84 3.5 1,699 17,391 12,364
IC-2-85 3.5 894 10,284 9,153
IC-2-86 3.5 464 5,909 4,729
IC-2-87 3.5 589 8,168 6,138
IC-2-88 3.5 1,132 16,565 11,221
Reserve Plus Single Payment (note a) 1,742 8,476 12,467
Cash Reserve Single Payment (note b) 71 314 260
IC-Flexible Savings (formerly Variable Term) (note d) 71,321 449,253 493,919
IC-Flexible Savings Emp (formerly Variable Term) (note d) 1,536 13,947 15,796
IC-Investors (note d) 448 423,479 433,010
IC-Special Deposits (note d) 13 12,889 13,352
IC-1-84 (note c) 116 672 720
Cash Reserve Variable Payment (note b) 914 4,382 5,515
Cash Reserve Variable Payment-3mo. (note e) 49,507 283,162 293,367
IC-Future Value (note f) 17,531 195,868 195,868
IC-Future Value Emp (note f) 357 3,687 3,687
IC-Stock Market (note g) 42,231 210,664 218,582
---------- ---------- ----------
Total 198,889 1,738,410 1,793,996
---------- ---------- ----------
PAGE 36
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
- ----------- ------------- ---------- ----------- ----------
Fully paid certificates:
Single-payment certificates:
SP 74 3.5 8 0 0
SP 75 3.5 474 0 0
SP 76 3.5 114 0 0
SP 77 3.5 109 0 0
SP 78 3.5 132 0 0
SP 79 3.5 155 0 0
SP 80 3.5 153 0 0
SP 81A 3.5 97 0 0
SP 82A 3.5 134 0 0
SP 82B 3.5 210 0 0
SP 83A 3.5 38 0 0
SP 83B 3.5 84 0 0
IC-2-84 3.5 351 0 0
IC-2-85 3.5 0 0 338
IC-2-86 3.5 0 0 174
IC-2-87 3.5 0 0 213
IC-2-88 3.5 0 0 400
Reserve Plus Single Payment (note a) 0 1 467
Cash Reserve Single Payment (note b) 0 0 10
IC-Flexible Savings (formerly Variable Term) (note d) 0 761,032 40,134
IC-Flexible Savings Emp (formerly Variable Term) (note d) 0 3,551 766
IC-Investors (note d) 0 371,618 32,275
IC-Special Deposits (note d) 0 56,856 1,775
IC-1-84 (note c) 0 0 23
Cash Reserve Variable Payment (note b) 0 699 203
Cash Reserve Variable Payment-3mo. (note e) 0 222,127 10,354
IC-Future Value (note f) 0 52,049 0
IC-Future Value Emp (note f) 0 842 0
IC-Stock Market (note g) 0 50,666 14,836
---------- ----------- ----------
Total 2,059 1,519,441 101,968
---------- ----------- ----------
PAGE 37
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ---------- ----------
Fully paid certificates:
Single-payment certificates:
SP 74 3.5 567 12 1,462
SP 75 3.5 4,334 1,056 16,598
SP 76 3.5 0 864 0
SP 77 3.5 0 687 0
SP 78 3.5 0 624 0
SP 79 3.5 0 882 0
SP 80 3.5 0 881 0
SP 81A 3.5 0 620 0
SP 82A 3.5 0 1,033 9
SP 82B 3.5 0 2,102 4
SP 83A 3.5 0 350 0
SP 83B 3.5 0 556 0
IC-2-84 3.5 0 3,647 18
IC-2-85 3.5 0 2,611 0
IC-2-86 3.5 0 1,128 0
IC-2-87 3.5 0 1,698 0
IC-2-88 3.5 0 2,534 0
Reserve Plus Single Payment (note a) 0 2,696 34
Cash Reserve Single Payment (note b) 0 42 0
IC-Flexible Savings (formerly Variable Term) (note d) 0 204,990 0
IC-Flexible Savings Emp (formerly Variable Term) (note d) 0 5,043 0
IC-Investors (note d) 0 246,156 0
IC-Special Deposits (note d) 0 13,526 0
IC-1-84 (note c) 0 165 0
Cash Reserve Variable Payment (note b) 0 1,686 0
Cash Reserve Variable Payment-3mo. (note e) 0 301,801 0
IC-Future Value (note f) 6,165 11,888 0
IC-Future Value Emp (note f) 206 23 0
IC-Stock Market (note g) 0 111,459 0
---------- ---------- ----------
Total 11,272 920,760 18,125
---------- ---------- ----------
PAGE 38
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
Fully paid certificates:
Single-payment certificates:
SP 74 3 1 8 8
SP 75 3.5 44 367 366
SP 76 3.5 366 3,072 2,987
SP 77 3.5 442 3,088 2,909
SP 78 3.5 541 3,985 3,633
SP 79 3.5 613 4,800 4,234
SP 80 3.5 604 4,813 4,094
SP 81A 3.5 480 3,175 2,605
SP 82A 3.5 447 4,361 3,460
SP 82B 3.5 785 7,016 5,504
SP 83A 3.5 141 1,216 940
SP 83B 3.5 317 2,858 2,175
IC-2-84 3.5 1,263 12,298 9,050
IC-2-85 3.5 697 7,443 6,880
IC-2-86 3.5 366 4,571 3,775
IC-2-87 3.5 456 5,957 4,653
IC-2-88 3.5 870 12,875 9,087
Reserve Plus Single Payment 3.5 1,432 6,764 10,205
Cash Reserve Single Payment (note a) 58 271 228
IC-Flexible Savings (formerly Variable Term) (note b) 125,194 1,025,145 1,090,095
IC-Flexible Savings Emp (formerly Variable Term) (note d) 1,540 13,147 15,070
IC-Investors (note d) 546 565,213 590,747
IC-Special Deposits (note d) 62 56,830 58,457
IC-1-84 (note d) 92 564 578
Cash Reserve Variable Payment (note c) 764 3,704 4,731
Cash Reserve Variable Payment-3mo. (note b) 47,447 213,252 224,047
IC-Future Value (note e) 20,452 229,864 229,864
IC-Future Value Emp (note f) 407 4,300 4,300
IC-Stock Market (note g) 43,382 159,932 172,625
---------- ----------- -----------
Total 249,809 2,360,889 2,467,307
---------- ----------- -----------
PAGE 39
Balance at beginning of period
--------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
Additional credits and accrued interest thereon:
SP 74 3.5 Not Not 2,420
SP 75 3.5 Applicable Applicable 24,993
SP 76 3.5 4,273
SP 77 3.5 3,704
SP 78 3.5 3,946
SP 79 3.5 4,366
SP 80 3.5 3,933
SP 81A 3.5 2,080
SP 82A 3.5 2,813
SP 82B 3.5 4,472
SP 83A 3.5 583
SP 83B 3.5 1,169
IC-2-84 3.5 5,489
IC-2-85 3.5 174
IC-2-86 3.5 79
IC-2-87 3.5 103
IC-2-88 3.5 200
Reserve Plus Single Payment (note a) 0
Cash Reserve Single Payment (note b) 0
IC-Flexible Savings (formerly Variable Term) (note d) 847
IC-Flexible Savings Emp (formerly Variable Term) (note d) 32
IC-Investors (note d) 978
IC-Special Deposits (note d) 14
IC-1-84 (note c) 12
Cash Reserve Variable Payment (note b) 0
Cash Reserve Variable Payment-3mo. (note e) 454
IC-Future Value (note f) 24,007
IC-Future Value Emp (note f) 381
IC-Stock Market (note g) 1,257
-----------
Total 92,779
-----------
PAGE 40
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
- ----------- ------------- ---------- ----------- ----------
Additional credits and accrued interest thereon:
SP 74 3.5 10 0 6
SP 75 3.5 546 0 8
SP 76 3.5 133 0 29
SP 77 3.5 116 0 15
SP 78 3.5 126 0 14
SP 79 3.5 137 0 10
SP 80 3.5 125 0 15
SP 81A 3.5 64 0 23
SP 82A 3.5 87 0 61
SP 82B 3.5 128 0 43
SP 83A 3.5 17 0 7
SP 83B 3.5 36 0 19
IC-2-84 3.5 157 0 95
IC-2-85 3.5 275 0 0
IC-2-86 3.5 147 0 0
IC-2-87 3.5 181 0 0
IC-2-88 3.5 349 0 0
Reserve Plus Single Payment (note a) 470 0 0
Cash Reserve Single Payment (note b) 10 0 0
IC-Flexible Savings (formerly Variable Term) (note d) 46,140 0 0
IC-Flexible Savings Emp (formerly Variable Term) (note d) 897 0 0
IC-Investors (note d) 35,593 0 0
IC-Special Deposits (note d) 2,001 0 0
IC-1-84 (note c) 28 0 4
Cash Reserve Variable Payment (note b) 217 0 0
Cash Reserve Variable Payment-3mo. (note e) 10,503 0 0
IC-Future Value (note f) 18,585 0 0
IC-Future Value Emp (note f) 388 0 0
IC-Stock Market (note g) 2,076 0 0
----------- ----------- ----------
Total 119,542 0 349
----------- ----------- ----------
PAGE 41
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ---------- ----------
Additional credits and accrued interest thereon:
SP 74 3.5 644 14 1,768
SP 75 3.5 4,990 1,210 18,905
SP 76 3.5 0 941 0
SP 77 3.5 0 734 0
SP 78 3.5 0 603 0
SP 79 3.5 0 778 0
SP 80 3.5 0 736 0
SP 81A 3.5 0 430 0
SP 82A 3.5 0 718 6
SP 82B 3.5 0 1,297 1
SP 83A 3.5 0 168 0
SP 83B 3.5 0 271 0
IC-2-84 3.5 0 1,656 6
IC-2-85 3.5 0 22 298
IC-2-86 3.5 0 12 152
IC-2-87 3.5 0 18 186
IC-2-88 3.5 0 36 353
Reserve Plus Single Payment (note a) 0 0 470
Cash Reserve Single Payment (note b) 0 0 10
IC-Flexible Savings (formerly Variable Term) (note d) 0 4,277 40,151
IC-Flexible Savings Emp (formerly Variable Term) (note d) 0 126 766
IC-Investors (note d) 0 2,954 32,275
IC-Special Deposits (note d) 0 136 1,775
IC-1-84 (note c) 0 3 27
Cash Reserve Variable Payment (note b) 0 13 204
Cash Reserve Variable Payment-3mo. (note e) 0 206 10,362
IC-Future Value (note f) 3,131 1,733 0
IC-Future Value Emp (note f) 91 2 0
IC-Stock Market (note g) 0 103 2,002
---------- ---------- ----------
Total 8,856 19,197 109,717
---------- ---------- ----------
PAGE 42
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
Additional credits and accrued interest thereon:
SP 74 3.5 Not Not 10
SP 75 3.5 Applicable Applicable 442
SP 76 3.5 3,494
SP 77 3.5 3,101
SP 78 3.5 3,483
SP 79 3.5 3,735
SP 80 3.5 3,337
SP 81A 3.5 1,737
SP 82A 3.5 2,237
SP 82B 3.5 3,345
SP 83A 3.5 439
SP 83B 3.5 953
IC-2-84 3.5 4,079
IC-2-85 3.5 129
IC-2-86 3.5 62
IC-2-87 3.5 80
IC-2-88 3.5 160
Reserve Plus Single Payment (note a) 0
Cash Reserve Single Payment (note b) 0
IC-Flexible Savings (formerly Variable Term) (note d) 2,559
IC-Flexible Savings Emp (formerly Variable Term) (note d) 37
IC-Investors (note d) 1,342
IC-Special Deposits (note d) 104
IC-1-84 (note c) 14
Cash Reserve Variable Payment (note b) 0
Cash Reserve Variable Payment-3mo. (note e) 389
IC-Future Value (note f) 37,728
IC-Future Value Emp (note f) 676
IC-Stock Market (note g) 1,228
-----------
Total 74,900
-----------
PAGE 43
Balance at beginning of period
--------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 Not Not 6
SP 75 Applicable Applicable 6
SP 76 24
SP 77 13
SP 78 13
SP 79 8
SP 80 14
SP 81A 8
SP 82A 18
SP 82B 5
SP 83A 4
SP 83B 5
IC-2-84 18
IC-2-85 13
IC-2-86 9
IC-2-87 9
IC-2-88 16
IC-Stock Market 1,265
-----------
Total 1,454
-----------
PAGE 44
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
- ----------- ------------- ---------- ----------- ----------
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 0 0 0
SP 75 2 0 0
SP 76 27 0 0
SP 77 28 0 0
SP 78 35 0 0
SP 79 45 0 0
SP 80 36 0 0
SP 81A 52 0 0
SP 82A 68 0 0
SP 82B 124 0 0
SP 83A 16 0 0
SP 83B 36 0 0
IC-2-84 174 0 0
IC-2-85 86 0 0
IC-2-86 40 0 0
IC-2-87 54 0 0
IC-2-88 98 0 0
IC-Stock Market 22,734 0 0
----------- ----------- -----------
Total 23,655 0 0
----------- ----------- -----------
PAGE 45
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ---------- ----------
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 0 0 6
SP 75 0 0 8
SP 76 0 0 29
SP 77 0 0 15
SP 78 0 0 14
SP 79 0 0 10
SP 80 0 0 15
SP 81A 0 0 23
SP 82A 0 0 61
SP 82B 0 0 43
SP 83A 0 0 7
SP 83B 0 0 19
IC-2-84 0 0 95
IC-2-85 0 0 40
IC-2-86 0 0 23
IC-2-87 0 0 27
IC-2-88 0 0 47
IC-Stock Market 0 97 12,836
---------- ---------- ----------
Total 0 97 13,318
---------- ---------- ----------
PAGE 46
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 Not Not 0
SP 75 Applicable Applicable 0
SP 76 22
SP 77 26
SP 78 34
SP 79 43
SP 80 35
SP 81A 37
SP 82A 25
SP 82B 86
SP 83A 13
SP 83B 22
IC-2-84 97
IC-2-85 59
IC-2-86 26
IC-2-87 36
IC-2-88 67
IC-Stock Market 11,066
----------
Total 11,694
----------
PAGE 47
Balance at beginning of period
--------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
R Series Single-Payment certificates:
R-76 3.5 25 342 260
R-77 3.5 90 985 717
R-78 3.5 147 1,799 1,214
R-79 3.5 206 2,558 1,695
R-80 3.5 280 4,035 2,512
R-81 3.5 101 1,793 975
R-82A 3.5 432 3,599 1,752
RP-Q (note a) 1,153 2,239 4,605
R-II 3.5 339 3,810 1,412
RP-84 3.5 1,145 16,007 5,633
RP-85 3.5 360 2,144 1,901
RP-86 3.5 119 991 816
RP-87 3.5 243 1,638 1,216
RP-88 3.5 337 3,225 2,192
Cash Reserve RP (note b) 26 100 162
IC-Flexible Savings RP (note d) 15,243 110,945 126,537
Cash Reserve RP-3 mo. (note e) 4,326 44,875 46,057
IC-Flexible Savings RP Emp (note d) 388 4,039 4,726
RP-Future Value (note f) 10,195 151,698 151,698
RP-Future Value Emp (note f) 243 4,057 4,057
RP-Stock Market (note g) 7,189 42,519 44,911
D-1 (note a) 227 73,435 80,598
---------- ---------- ----------
Total 42,814 476,833 485,646
---------- ---------- ----------
PAGE 48
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
- ----------- ------------- ---------- ----------- ----------
R Series Single-Payment certificates:
R-76 3.5 0 0 8
R-77 3.5 0 0 25
R-78 3.5 0 0 49
R-79 3.5 0 0 57
R-80 3.5 0 0 88
R-81 3.5 0 0 36
R-82A 3.5 0 0 59
RP-Q (note a) 0 0 165
R-II 3.5 0 0 49
RP-84 3.5 0 0 207
RP-85 3.5 0 0 67
RP-86 3.5 0 0 30
RP-87 3.5 0 0 45
RP-88 3.5 0 0 74
Cash Reserve RP (note b) 0 3 6
IC-Flexible Savings RP (formally Variable Term RP) (note d) 0 94,951 8,016
Cash Reserve RP-3 mo. (note e) 0 43,571 1,518
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 0 1,531 283
RP-Future Value (note f) 0 61,937 0
RP-Future Value Emp (note f) 0 1,427 0
RP-Stock Market (note g) 0 8,073 3,300
D-1 (note a) 0 24,528 2,950
----------- ----------- ----------
Total 0 236,021 17,032
----------- ----------- ----------
PAGE 49
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ---------- ----------
R Series Single-Payment certificates:
R-76 3.5 0 124 0
R-77 3.5 0 132 0
R-78 3.5 0 419 0
R-79 3.5 0 622 0
R-80 3.5 0 884 0
R-81 3.5 0 497 0
R-82A 3.5 0 427 3
RP-Q (note a) 0 1,211 0
R-II 3.5 0 371 3
RP-84 3.5 0 1,867 21
RP-85 3.5 0 604 4
RP-86 3.5 0 171 3
RP-87 3.5 0 384 0
RP-88 3.5 0 877 0
Cash Reserve RP (note b) 0 56 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 0 43,420 0
Cash Reserve RP-3 mo. (note e) 0 62,063 0
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 0 1,173 0
RP-Future Value (note f) 8,061 4,660 0
RP-Future Value Emp (note f) 110 29 0
RP-Stock Market (note g) 0 17,816 0
D-1 (note a) 47 64,369 0
---------- ---------- ----------
Total 8,218 202,176 34
---------- ---------- ----------
PAGE 50
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
R Series Single-Payment certificates:
R-76 3.5 17 184 144
R-77 3.5 76 806 610
R-78 3.5 115 1,203 844
R-79 3.5 146 1,649 1,130
R-80 3.5 211 2,652 1,716
R-81 3.5 74 914 514
R-82A 3.5 337 2,747 1,381
RP-Q (note a) 902 1,666 3,559
R-II 3.5 263 2,837 1,087
RP-84 3.5 831 10,844 3,952
RP-85 3.5 250 1,481 1,360
RP-86 3.5 89 781 672
RP-87 3.5 177 1,138 877
RP-88 3.5 248 1,974 1,389
Cash Reserve RP (note b) 17 67 115
IC-Flexible Savings RP (formally Variable Term RP) (note d) 18,802 168,363 186,084
Cash Reserve RP-3 mo. (note e) 3,645 27,814 29,083
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 446 4,639 5,367
RP-Future Value (note f) 13,017 200,914 200,914
RP-Future Value Emp (note f) 303 5,346 5,345
RP-Stock Market (note g) 6,802 34,695 38,468
D-1 (note a) 270 39,251 43,660
---------- ---------- ----------
Total 47,038 511,965 528,271
---------- ---------- ----------
PAGE 51
Balance at beginning of period
--------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 Not Not 7
R-77 3.5 Applicable Applicable 14
R-78 3.5 34
R-79 3.5 36
R-80 3.5 62
R-81 3.5 18
R-82A 3.5 52
RP-Q (note a) 0
R-II 3.5 33
RP-84 3.5 120
RP-85 3.5 44
RP-86 3.5 15
RP-87 3.5 26
RP-88 3.5 45
Cash Reserve RP (note b) 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 220
Cash Reserve RP-3 mo. (note e) 74
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 9
RP-Future Value (note f) 31,487
RP-Future Value Emp (note f) 824
RP-Stock Market (note g) 225
D-1 (note a) 0
-----------
Total 33,345
-----------
Accrued for additional credits to be allowed
at next anniversaries
RP-Stock Market 301
-----------
Total single payment 2,407,521
-----------
Paid-up certificates:
Series 15 and 20 3.25 91 1,060 1,005
" 15A and 22A 3.5 1,869 14,488 12,878
" I-76 3.5 812 4,181 2,484
----------- ----------- -----------
Total 2,772 19,729 16,367
----------- ----------- -----------
PAGE 52
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
- ----------- ------------- ---------- ----------- ----------
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 7 0 0
R-77 3.5 24 0 0
R-78 3.5 37 0 0
R-79 3.5 52 0 0
R-80 3.5 75 0 0
R-81 3.5 36 0 0
R-82A 3.5 77 0 0
RP-Q (note a) 165 0 0
R-II 3.5 59 0 0
RP-84 3.5 220 0 0
RP-85 3.5 76 0 0
RP-86 3.5 34 0 0
RP-87 3.5 49 0 0
RP-88 3.5 81 0 0
Cash Reserve RP (note b) 6 0 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 8,812 0 0
Cash Reserve RP-3 mo. (note e) 1,518 0 0
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 309 0 0
RP-Future Value (note f) 17,207 0 0
RP-Future Value Emp (note f) 494 0 0
RP-Stock Market (note g) 497 0 0
D-1 (note a) 3,595 0 0
----------- ----------- -----------
Total 33,430 0 0
----------- ----------- -----------
Accrued for additional credits to be allowed
at next anniversaries:
RP-Stock Market 5,102 0 0
---------- ----------- ----------
Total single payment 183,788 1,755,462 119,349
---------- ----------- ----------
Paid-up certificates:
Series 15 and 20 3.25 26 0 49
" 15A and 22A 3.5 429 0 2,536
" I-76 3.5 83 0 345
----------- ----------- ----------
Total 538 0 2,930
----------- ----------- ----------
PAGE 53
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ---------- ----------
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 0 1 8
R-77 3.5 0 3 25
R-78 3.5 0 3 48
R-79 3.5 0 6 57
R-80 3.5 0 9 88
R-81 3.5 0 5 36
R-82A 3.5 0 8 59
RP-Q (note a) 0 0 165
R-II 3.5 0 4 49
RP-84 3.5 0 15 207
RP-85 3.5 0 6 67
RP-86 3.5 0 2 30
RP-87 3.5 0 3 45
RP-88 3.5 0 9 74
Cash Reserve RP (note b) 0 0 6
IC-Flexible Savings RP (formally Variable Term RP) (note d) 0 600 8,016
Cash Reserve RP-3 mo. (note e) 0 22 1,518
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 0 22 284
RP-Future Value (note f) 4,294 938 0
RP-Future Value Emp (note f) 59 11 0
RP-Stock Market (note g) 0 14 377
D-1 (note a) 0 644 2,950
---------- ---------- ----------
Total 4,353 2,325 14,109
---------- ---------- ----------
Accrued for additional credits to be allowed
at next anniversaries:
RP-Stock Market 0 4 2,924
---------- ---------- ----------
Total single payment 32,699 1,144,559 158,227
---------- ---------- ----------
Paid-up certificates:
Series 15 and 20 3.25 215 58 288
" 15A and 22A 3.5 1,124 1,369 1,332
" I-76 3.5 0 657 28
---------- ---------- ----------
Total 1,339 2,084 1,648
---------- ---------- ----------
PAGE 54
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 Not Not 5
R-77 3.5 Applicable Applicable 10
R-78 3.5 20
R-79 3.5 25
R-80 3.5 40
R-81 3.5 13
R-82A 3.5 62
RP-Q (note a) 0
R-II 3.5 39
RP-84 3.5 118
RP-85 3.5 47
RP-86 3.5 17
RP-87 3.5 27
RP-88 3.5 43
Cash Reserve RP (note b) 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 416
Cash Reserve RP-3 mo. (note e) 52
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 12
RP-Future Value (note f) 43,462
RP-Future Value Emp (note f) 1,248
RP-Stock Market (note g) 331
D-1 (note a) 1
-----------
Total 45,988
-----------
Accrued for additional credits to be allowed
at next anniversaries:
RP-Stock Market 2,475
----------
Total single payment 3,130,635
----------
Paid-up certificates:
Series 15 and 20 3.25 47 550 519
" 15A and 22A 3.5 1,504 13,310 12,018
" I-76 3.5 737 3,635 2,227
---------- ---------- ----------
Total 2,288 17,495 14,764
---------- ---------- ----------
PAGE 55
Balance at beginning of period
--------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ---------- ---------- ----------
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 Not Not 46
" 15A and 22A 3 Applicable Applicable 672
" Series I-76 3.5 179
-----------
Total 897
-----------
Accrued for additional credits to be allowed
at next anniversaries 1
----------- ----------- -----------
Total paid-up 2,772 19,729 17,265
----------- ----------- -----------
Optional settlement certificates:
Series 1, IST&G 3 16 14
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 9,221 86,006
Series R-76 thru R-82A 3 100 403
Series R-II & RP-2-84 thru 88 3.5 86 1,895
Reserve Plus Single-Payment (note a) 300 2,827
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 23 123
Series R-Installment (note a) 126 703
Series R-Single-Payment (note a) 63 192
Additional credits and accrued interest thereon 2.5-3 Not Not 12,723
Additional credits and accrued int. thereon-IST&G 2.5-3 Applicable Applicable 0
Accrued for additional credits to be allowed
at next anniversaries 289
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 3
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0
----------- -----------
Total optional settlement 9,935 105,178
----------- -----------
Not
Due to unlocated certificate holders Applicable 341
-----------
Total certificate reserves 2,887,405
===========
PAGE 56
Additions
---------------------------------------
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
- ----------- ------------- ---------- ----------- ----------
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 1 0 1
" 15A and 22A 3 17 0 1
" Series I-76 3.5 6 0 0
----------- ----------- ----------
Total 24 0 2
----------- ----------- ----------
Accrued for additional credits to be allowed
at next anniversaries 78 0 0
----------- ----------- ----------
Total paid-up 640 0 2,932
----------- ----------- ----------
Optional settlement certificates:
Series 1, IST&G 3 0 0 0
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 2,768 0 45,122
Series R-76 thru R-82A 3 10 0 5
Series R-II & RP-2-84 thru 88 3.5 39 0 36
Reserve Plus Single-Payment (note a) 105 0 34
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 4 0 26
Series R-Installment (note a) 20 0 87
Series R-Single-Payment (note a) 7 0 0
Additional credits and accrued interest thereon 2.5-3 312 0 554
Additional credits and accrued int. thereon-IST&G 2.5-3 0 0 0
Accrued for additional credits to be allowed
at next anniversaries 1,316 0 0
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 18 0 0
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0 0 0
----------- ----------- ----------
Total optional settlement 4,599 0 45,864
----------- ----------- ----------
Not
Due to unlocated certificate holders Applicable 204
---------- ----------- ----------
Total certificate reserves 205,791 1,866,864 180,370
=========== =========== ===========
Provision for certificate reserves and additional
credits per Statement of Operations 177,527
Provision for reconversion applied against reserve
recoveries from terminations prior to maturity in
Statement of Operations 1
Income (loss) from purchased and written call options
included in provision for certificate reserves
in Statement of Operations 28,263
-----------
205,791
===========
PAGE 57
Deductions
---------------------------------------
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
- ----------- ------------- ---------- ---------- ----------
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 6 1 20
" 15A and 22A 3 87 35 50
" Series I-76 3.5 0 30 0
---------- ---------- ----------
Total 93 66 70
---------- ---------- ----------
Accrued for additional credits to be allowed
at next anniversaries 0 0 2
---------- ---------- ----------
Total paid-up 1,432 2,150 1,720
---------- ---------- ----------
Optional settlement certificates:
Series 1, IST&G 3 5 0 0
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 11,820 10,195 0
Series R-76 thru R-82A 3 100 17 0
Series R-II & RP-2-84 thru 88 3.5 154 806 0
Reserve Plus Single-Payment (note a) 127 596 0
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 17 25 0
Series R-Installment (note a) 127 169 0
Series R-Single-Payment (note a) 39 28 0
Additional credits and accrued interest thereon 2.5-3 622 947 652
Additional credits and accrued int. thereon-IST&G 2.5-3 0 0 0
Accrued for additional credits to be allowed
at next anniversaries 30 (1) 557
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 4 0 6
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0 0 0
---------- ---------- ----------
Total optional settlement 13,045 12,782 1,215
---------- ---------- ----------
Not
Due to unlocated certificate holders Applicable 159
---------- ---------- ----------
Total certificate reserves 54,826 1,276,667 180,363
=========== =========== ===========
PAGE 58
Balance at close of period
---------------------------------------
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
- ----------- ------------- ----------- ---------- ----------
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 Not Not 21
" 15A and 22A 3 Applicable Applicable 518
" Series I-76 3.5 155
----------
Total 694
----------
Accrued for additional credits to be allowed
at next anniversaries 77
---------- ---------- ----------
Total paid-up 2,288 17,495 15,535
---------- ---------- ----------
Optional settlement certificates:
Series 1, IST&G 3 14 9
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 9,910 111,881
Series R-76 thru R-82A 3 75 301
Series R-II & RP-2-84 thru 88 3.5 69 1,010
Reserve Plus Single-Payment (note a) 231 2,243
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 21 111
Series R-Installment (note a) 104 514
Series R-Single-Payment (note a) 49 132
Additional credits and accrued interest thereon 2.5-3 Not Not 11,368
Additional credits and accrued int. thereon-IST&G 2.5-3 Applicable Applicable 0
Accrued for additional credits to be allowed
at next anniversaries 1,019
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 11
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0
---------- ----------
Total optional settlement 10,473 128,599
---------- ----------
Not
Due to unlocated certificate holders Applicable 386
----------
Total certificate reserves 3,628,574
==========
PAGE 59
Notes:
(a) On these series of certificates, there is no minimum rate of accrual of interest.
Interest is declared for a quarter or quarters by IDSC and credited to the reserves
maintained at the end of each calendar quarter.
(b) On these series of certificates, there is no minimum rate of accrual of interest.
Interest is declared for a quarter or quarters by IDSC and credited to the reserves
maintained or paid in cash at the end of each calendar month.
(c) On these series of certificates, there is no minimum rate of accrual of interest.
Interest is declared by IDSC for the first four certificate quarters, then
annually thereafter, and credited to the reserves maintained at the end of each
certificate year.
(d) On this series of certificates, there is no minimum rate of accrual of interest.
Interest is declared for the term selected and credited to the reserves maintained
or paid in cash at the end of each certificate month.
(e) On this series of certificates, there is no minimum rate of accrual of interest.
Interest is declared by IDSC for a three-month term and credited to the reserves
maintained or paid in cash at the end of each certificate month.
(f) On this series of certificates, there is no minimum rate of accrual of interest.
Interest is declared by IDSC for a four, five, six, seven, eight, nine or ten
year maturity and credited to the reserves maintained at maturity.
(g) On this series of certificates, the certificate holder may elect to receive
minimum interest only or minimum interest plus participation interest. Minimum
interest is declared by IDSC for a twelve-month term and is credited to the
reserves maintained at the end of each certificate term. Participation interest is
determined at the end of each certificate term by multiplying the market
participation rate in effect at the beginning of the certificate term for
each certificate times any total percentage appreciation in a broad stock
market indicator subject to specified maximums. Participation interest is
credited to the reserves maintained at the end of each certificate term.
/TABLE
PAGE 60
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1995
($ in thousands)
Additions to reserves charged to other accounts
------------------------------------------------------
Transfers of
maturities to
Reconversions extended
of paid-up maturities-
certificate charged to
charged Charged reserves to
to paid-up to mature, addi-
reserves and advance tional credits/
reserve for payments interest and
reconversions reserve advance payments Total
------------- -------- ---------------- -------
Reserves to mature installment
certificates:
Series 15, including extended
maturities 0 0 0 0
Series 20, including extended
maturities 9 5 5 19
Series 15A, including extended
maturities 0 10 4 14
Series 22A, including extended
maturities 344 342 1,969 2,655
Series I-76 23 32 0 55
Series Reserve Plus Flexible
Payment 0 0 85 85
Series IC-Q-Installment 0 0 90 90
Series IC-Q-Ins 0 0 3,986 3,986
Series IC-Q-Ins Emp 0 0 25 25
Series IC-1 0 0 4,003 4,003
Series IC-1 Emp 0 0 36 36
Series RP-Q-Installment 0 0 111 111
Series RP-Q-Flexible Payment 0 0 29 29
Series RP-Q-Ins 0 0 134 134
Series RP-Q-Ins Emp 0 0 1 1
Series RP-1 0 0 67 67
------------ --------- --------------- --------
Total 376 389 10,545 11,310
============= ========= =============== ========
PAGE 61
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1995
($ in thousands)
Deductions from reserves credited to other accounts
----------------------------------------------------
Conversions
to optional Maturities
settlement transferred
Conversions certificates- to extended
to paid-up credited maturities-
certificates- to optional credited to
credited settlement reserves to
to paid-up reserves and mature-
surrender surrender extended
income income maturities Total
----------- ------------ ----------- ------
Reserves to mature installment
certificates:
Series 15, including extended
maturities 0 0 0 0
Series 20, including extended
maturities 40 581 5 626
Series 15A, including extended
maturities 199 199 5 403
Series 22A, including extended
maturities 1,904 2,752 1,968 6,624
Series I-76 283 0 0 283
Series Reserve Plus Flexible
Payment 0 1 0 1
Series IC-Q-Installment 0 15 0 15
Series IC-Q-Ins 0 10 0 10
Series IC-Q-Ins Emp 0 0 0 0
Series IC-1 0 0 0 0
Series IC-1 Emp 0 0 0 0
Series RP-Q-Installment 0 86 0 86
Series RP-Q-Flexible Payment 0 1 0 1
Series RP-Q-Ins 0 0 0 0
Series RP-Q-Ins Emp 0 0 0 0
Series RP-1 0 0 0 0
----------- ------------ ----------- -------
Total 2,426 3,645 1,978 8,049
=========== ============ ============ =======
PAGE 62
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1995
($ in thousands)
Additions to reserves charged to other accounts
---------------------------------------------------------
Additions Additions to
to advance reserves to
Reconversions payments- mature-extended
of paid-up charged to maturities
Payments made in advance certificates- default charged to
of current certificate charged to interest reserves to
year requirements and paid-up on late mature from
accrued interest thereon: reserves payments maturity Total
------------- ---------- --------------- -----
Series 15, including extended
maturities 0 0 0 0
Series 20, including extended
maturities 1 0 0 1
Series 15A, including extended
maturities 0 0 1 1
Series 22A, including extended
maturities 14 0 101 115
Series I-76 2 2 0 4
Series Reserve Plus Flexible
Payment 0 0 0 0
Series IC-Q-Installment 0 0 0 0
Series IC-Q-Ins 0 0 0 0
Series IC-Q-Ins Emp 0 0 0 0
Series IC-1 0 0 0 0
Series IC-1 Emp 0 0 0 0
Series RP-Q-Installment 0 0 0 0
Series RP-Q-Flexible Payment 0 0 0 0
Series RP-Q-Ins 0 0 0 0
Series RP-Q-Ins Emp 0 0 0 0
Series RP-1 0 0 0 0
------------- ---------- --------------- ------
Total 17 2 102 121
============= =========== =============== ======
PAGE 63
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1995
($ in thousands)
Deductions from reserves credited to other accounts
-----------------------------------------------------------------------
Maturities
Conversions transferred
Applied to to optional to extended
certificates- settlement maturities- Conversions
credited to certificates- credited to to paid-up
Payments made in advance reserves to credited reserves certificates-
of current certificate mature, to optional to mature- credited to
year requirements and loading settlement extended paid-up
accrued interest thereon: and insurance reserves maturities reserves Total
------------- ------------- ----------- ------------- -----
Series 15, including extended
maturities 0 0 0 0 0
Series 20, including extended
maturities 5 29 0 0 34
Series 15A, including extended
maturities 10 2 1 0 13
Series 22A, including extended
maturities 343 99 101 2 545
Series I-76 32 0 0 1 33
Series Reserve Plus Flexible
Payment 0 0 0 0 0
Series IC-Q-Installment 0 0 0 0 0
Series IC-Q-Ins 0 0 0 0 0
Series IC-Q-Ins Emp 0 0 0 0 0
Series IC-1 0 0 0 0 0
Series IC-1 Emp 0 0 0 0 0
Series RP-Q-Installment 0 0 0 0 0
Series RP-Q-Flexible Payment 0 0 0 0 0
Series RP-Q-Ins 0 0 0 0 0
Series RP-Q-Ins Emp 0 0 0 0 0
Series RP-1 0 0 0 0 0
------------- ------------- ----------- ------------- ------
Total 390 130 102 3 625
============= ============= =========== ============= ======
PAGE 64
Certificate Reserves
($ in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Additional credits on installment certificates and
accrued interest thereon:
Other additions are classified as follows:
Transfers from accruals for additional
credits to be allowed at next anniversaries $ 108
Reconversions of paid-up certificates-
charged to paid-up reserves 64
Transfers from maturities to extended maturities 418
------
Total 590
======
Other deductions are classified as follows:
Transfers to reserves on a quarterly basis for
Reserve Plus Flexible-Payment, IC-Q-Installment
and R-Flexible-Payment $ 8,572
Conversions to optional settlement certificates-
credited to optional settlement reserves 764
Conversions to paid-up certificates-credited to
paid-up reserve 499
Transfers to extended maturities at maturity 418
------
Total 10,253
======
Accrual for additional credits to be allowed on install-
ment certificates at next anniversaries:
Other deductions of $108 represent transfers to
reserves for additional credits on installment
certificates.
Reserve for death and disability refund options:
Other deductions of $-0- represent payments, in excess
of installment reserves, made to certificate holders
who exercised the death and disability refund options.
Reserve for reconversions of paid-up certificates:
The amount of $1 shown as charged to profit and loss has been
deducted from reserve recoveries in the accompanying Statement
of Operations.
Other deductions of $1 represent amounts credited to installment
certificate reserves to mature, on reconversions of paid-up
certificates.
PAGE 65
Certificate Reserves
($ in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Paid-up certificates:
Other additions of $2,932 represent $2,930 conversions from
installment certificates (charges to installment reserves
less surrender charges) and $2 transferred from accruals
for additional credits to be allowed at next anniversaries.
Other deductions of $1,720 represent $456 transfers credited to
installment reserves on reconversions to installment certifi-
cates, $2 transferred for accruals for additional credits and
accrued interest thereon and $1,262 transferred to settlement options.
Default interest on installment certificates:
Other additions of $0 represent reconversion of paid-up certificates
charged to paid-up reserves.
Other deductions of $6 represent $5 conversion to paid-up
certificates - credited to paid-up reserves, and $1 transferred
to advance payments as late payments are credited to certificates.
Optional settlement certificates:
Other additions of $45,864 represent $44,048 transferred from
installment certificate reserves (less surrender charges),
Single-Payment and Series D certificate reserves upon election of
optional settlement privileges, $1,262 transferred from paid-up
certificate reserve and $554 transferred from accruals for
additional credits to be allowed at next anniversaries.
Other deductions of $1,215 represent $557 transferred to reserves
for additional credits and accrued interest thereon, and $658
transferred to optional settlement reserves.
Single-Payment certificates:
Other additions of $119,349 represent $349 transferred from
accruals for additional credits to be allowed at next anniversaries
and transferred from accruals on a quarterly basis on Reserve Plus
Single-Payment $467, R82-B $165, Cash Reserve Single-Payment
$10, Cash Reserve $203, Cash Reserve 3mo. $10,354, Cash Reserve-
RP $6, Cash Reserve-RP-3mo. $1,518, Flexible Savings $40,134, Flexible
Savings Emp $766, Flexible Savings-RP $8,016, Flexible Savings-RP
Emp $283, Investors $32,275, Stock Market $13,449, AEBI Stock Market
$1,387, Stock Market RP $3,300 and Special Deposits $1,775 and $4,892
transferred from accruals at anniversaries and maintained in a separate
reserve account.
PAGE 66
Certificate Reserves
($ in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Other deductions of $158,227 represent $38,811 Single-Payment
and $34 Series D and R Single-Payment transferred to optional
settlement reserves, $4,892 transferred to reserves for additional
credits and accrued interest thereon, $349 transferred to a separate
reserve account from the accrual account and transferred to reserves on
a quarterly basis for Reserve Plus Single-Payment $467, R82-B $165,
Cash Reserve Single-Pay $10, Cash Reserve $203, Cash Reserve-3 $10,354
Cash Reserve-Qualified $6, Cash Reserve-Qualified-3 $1,518, Flexible
Savings $40,134, Flexible Savings Employee $766, Flexible Savings
Qualified $8,016, Flexible Savings Qualified Emp $283, Investors $13,449
Stock Market $3,300, AEBI Stock Market $1,387, Stock Market RP $32,275
and Special Deposits $1,775 and $33 transferred to Federal tax withholding.
Due to unlocated certificate holders:
Other additions of $204 represent amounts equivalent to payments
due certificate holders who could not be located.
Other deductions of $159 represent payments to certificate holders
credited to cash.
/TABLE
PAGE 67
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1995
Deductions from Reserves
------------------------
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
- ------------------ ------- ------------------- --------------------- ------------------- ---------- ----------
1994 1995 1994 1995 1994 1995
15, including extended
maturities 73-84 1 1 5 5 1 1 0 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 1 1 5 5 1 1 0 0
------- ------- --------- --------- -------- -------- --------- ---------
20, including extended
maturities 145-156 1 0 6 0 3 0 0 0
157-168 0 1 0 6 0 4 0 0
169-180 0 0 0 0 0 0 0 0
181-192 0 0 0 0 0 0 0 0
193-204 1 0 8 0 6 0 0 0
205-216 1 2 20 27 16 23 0 0
217-228 1 0 10 0 9 0 0 9
229-240 (a) 1 0 5 0 5 0 0 5
241-252 0 0 0 0 0 0 0 5
253-264 2 0 19 0 11 0 5 0
265-276 0 1 0 9 0 6 0 0
277-288 1 0 14 0 10 0 0 0
289-300 3 1 54 18 34 10 0 0
301-312 4 3 41 47 35 36 0 0
313-324 3 5 47 52 38 47 0 0
325-336 8 3 96 47 84 41 0 16
337-348 13 7 149 78 145 72 0 10
349-360 (a) 66 10 806 123 799 127 117 581
------- ------- --------- --------- -------- -------- --------- ---------
Total 105 33 1,275 407 1,195 366 122 626
------- ------- --------- --------- -------- -------- --------- ---------
15A, including
extended maturities 73-84 1 0 17 0 6 0 0 0
85-96 0 1 0 16 0 7 0 0
97-108 0 0 0 0 0 0 0 0
109-120 0 0 0 0 0 0 0 0
121-132 1 0 8 0 5 0 0 0
133-144 0 1 0 8 0 6 0 0
145-156 0 0 0 0 0 0 0 0
157-168 2 1 132 66 116 59 0 0
169-180 (a) 4 2 35 88 33 84 0 11
181-192 1 1 10 7 7 5 0 0
193-204 2 1 12 11 9 8 0 0
205-216 3 2 63 12 70 9 8 0
217-228 10 2 282 79 243 66 0 171
229-240 46 5 546 65 496 60 9 29
241-252 23 40 269 479 263 466 60 192
------- ------- --------- --------- -------- -------- --------- ---------
Total 93 56 1,374 831 1,248 770 77 403
------- ------- --------- --------- -------- -------- --------- ---------
PAGE 68
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1995
Deductions from Reserves
------------------------
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
- ------------------ ------- ------------------- --------------------- ------------------- ---------- ----------
1994 1995 1994 1995 1994 1995
22A, including
extended maturities 37-48 1 0 11 0 1 0 0 0
49-60 0 2 0 22 0 3 0 0
61-72 2 2 56 56 10 10 0 0
73-84 2 1 71 13 16 3 0 0
85-96 2 2 56 71 14 18 0 0
97-108 1 2 19 56 6 16 0 6
109-120 6 2 131 38 45 12 0 0
121-132 0 5 0 113 0 43 0 0
133-144 4 1 118 19 48 8 0 30
145-156 7 4 266 62 128 29 2 0
157-168 11 5 313 244 165 126 26 0
169-180 15 10 394 377 225 216 0 42
181-192 15 15 330 379 206 237 2 0
193-204 17 15 308 328 209 223 4 0
205-216 29 18 690 337 507 249 46 128
217-228 122 26 2,261 621 1,807 494 15 94
229-240 627 109 10,579 1,956 8,913 1,680 452 713
241-252 558 565 8,617 9,154 7,814 8,287 351 471
253-264 (a) 489 485 6,759 7,439 6,535 7,207 628 4,358
265-276 150 134 3,387 3,353 2,035 2,017 105 255
277-288 142 130 2,816 2,890 1,789 1,838 180 57
289-300 128 132 2,436 2,481 1,639 1,672 27 169
301-312 117 114 1,744 2,131 1,244 1,520 42 81
313-324 95 103 1,601 1,539 1,209 1,162 74 80
325-336 47 81 715 1,341 570 1,069 21 59
337-348 44 43 643 672 540 566 14 64
349-360 10 38 140 539 122 476 29 17
361-372 0 7 0 91 0 84 9 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 2,641 2,051 44,461 36,322 35,797 29,265 2,027 6,624
------- ------- --------- --------- -------- -------- --------- ---------
PAGE 69
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1995
Deductions from Reserves
------------------------
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
- ------------------ ------- ------------------- --------------------- ------------------- ---------- ----------
1994 1995 1994 1995 1994 1995
I-76 49-60 1 1 61 62 5 6 0 0
61-72 1 0 31 0 4 0 4 0
73-84 1 0 123 0 17 0 0 0
85-96 4 1 105 31 17 5 19 5
97-108 1 2 31 58 5 11 3 0
109-120 2 1 52 31 11 6 0 0
121-132 3 2 55 52 13 12 7 0
133-144 9 4 221 80 58 21 7 6
145-156 52 8 1,408 188 423 55 23 9
157-168 166 49 4,552 1,301 1,467 430 92 109
169-180 176 133 4,438 3,451 1,563 1,222 300 34
181-192 214 153 5,028 3,832 1,933 1,474 248 36
193-204 238 169 4,844 3,973 2,024 1,658 287 54
205-216 213 202 4,712 4,050 2,139 1,832 356 30
217-228 119 180 2,820 4,087 1,357 2,003 316 0
229-240 0 96 0 2,113 0 1,095 129 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 1,200 1,001 28,481 23,309 11,036 9,830 1,791 283
------- ------- --------- --------- -------- -------- --------- ---------
Reserve Plus Flexible
Payment 121-132 82 0 927 0 354 0 0 0
133-144 258 68 2,344 702 1,356 280 137 0
145-156 228 220 2,275 1,993 1,216 1,164 383 1
157-168 0 178 0 1,705 0 892 435 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 568 466 5,546 4,400 2,926 2,336 955 1
------- ------- --------- --------- -------- -------- --------- ---------
IC-Q-Installment 97-108 257 0 2,913 0 1,019 0 0 0
109-120 856 151 9,209 1,648 3,633 580 407 0
121-132 72 87 709 939 393 283 839 15
133-144 0 64 0 628 0 335 104 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 1,185 302 12,831 3,215 5,045 1,198 1,350 15
------- ------- --------- --------- -------- -------- --------- ---------
PAGE 70
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1995
Deductions from Reserves
------------------------
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
- ------------------ ------- ------------------- --------------------- ------------------- ---------- ----------
1994 1995 1994 1995 1994 1995
IC-Q-Ins 13-24 1 0 6 0 2 0 0 0
25-36 4,876 1 75,611 6 20,778 3 0 0
37-48 8,791 2,919 129,292 41,871 40,539 13,764 11,613 0
49-60 5,811 5,820 77,633 79,538 28,715 28,903 19,387 10
61-72 5,541 4,303 68,420 54,527 31,173 24,690 10,105 0
73-84 5,125 3,360 64,455 38,943 29,680 17,845 17,607 0
85-96 1,875 3,391 22,029 41,425 10,165 18,292 14,916 0
85-108 581 1,292 6,442 14,662 3,006 6,741 4,570 0
109-120 0 419 0 4,373 0 2,036 1,300
------- ------- --------- --------- -------- -------- --------- ---------
Total 32,601 21,505 443,888 275,345 164,058 112,274 79,498 10
------- ------- --------- --------- -------- -------- --------- ---------
IC-Q-Ins Emp 13-24 1 0 6 0 1 0 0 0
25-36 35 1 809 6 137 2 0 0
37-48 62 21 865 655 274 115 54 0
49-60 28 36 294 396 129 156 184 0
61-72 26 22 232 198 131 109 47 0
73-84 25 9 383 75 139 35 100 0
85-96 16 16 223 251 131 56 102 0
85-96 0 12 0 184 0 78 64 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 193 117 2,812 1,765 942 551 551 0
------- ------- --------- --------- -------- -------- --------- ---------
IC-1 1-12 20,934 19,035 404,109 357,345 21,110 21,298 851 0
13-24 16,341 16,818 293,285 315,789 43,444 44,618 11,525 0
25-36 9,161 14,059 167,782 249,976 34,332 57,967 6,209 0
37-48 0 7,598 0 129,973 0 39,138 6,071 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 46,436 57,510 865,176 1,053,083 98,886 163,021 24,656 0
------- ------- --------- --------- -------- -------- --------- ---------
IC-1 Emp 1-12 182 158 3,217 2,648 178 160 25 0
13-24 110 120 2,013 1,688 275 271 164 0
25-36 80 90 1,875 1,473 281 363 42 0
37-48 0 65 0 1,420 0 310 81 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 372 433 7,105 7,229 734 1,104 312 0
------- ------- --------- --------- -------- -------- --------- ---------
PAGE 71
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1995
Deductions from Reserves
------------------------
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
- ------------------ ------- ------------------- --------------------- ------------------- ---------- ----------
1994 1995 1994 1995 1994 1995
R Flexible Payment 109-120 281 0 4,573 0 1,694 0 0 0
121-132 41 52 635 791 346 389 223 76
133-144 138 36 1,934 550 1,018 314 44 0
145-156 173 103 2,232 1,429 1,779 728 265 10
145-156 0 127 0 1,609 0 1,264 491 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 633 318 9,374 4,379 4,837 2,695 1,023 86
------- ------- --------- --------- -------- -------- --------- ---------
RP-Q-Installment 97-108 130 0 2,141 0 553 0 0 0
109-120 82 95 959 1,575 405 367 124 1
121-132 0 10 0 129 0 41 125 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 212 105 3,100 1,704 958 408 249 1
------- ------- --------- --------- -------- -------- --------- ---------
RP-Q-Ins 13-24 1 0 50 0 5 0 0 0
25-36 75 0 3,308 0 994 0 5 0
37-48 182 50 5,370 1,421 1,541 427 627 0
49-60 162 108 3,791 2,423 903 753 894 0
61-72 152 116 2,546 2,781 974 676 285 0
73-84 202 108 3,070 1,907 1,172 681 331 0
85-96 79 137 1,066 2,043 425 863 680 0
97-108 27 55 353 626 108 237 209 0
109-120 0 21 0 200 0 72 40 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 880 595 19,554 11,401 6,122 3,709 3,071 0
------- ------- --------- --------- -------- -------- --------- ---------
RP-Q-Ins Emp 25-36 4 0 169 0 14 0 0 0
37-48 1 3 6 150 2 10 8 0
49-60 1 1 240 6 3 3 0 0
61-72 1 0 20 0 8 0 2 0
73-84 0 1 0 20 0 10 0 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 7 5 435 176 27 23 10 0
------- ------- --------- --------- -------- -------- --------- ---------
RP-1 1-12 169 150 6,429 3,825 260 300 33 0
13-24 130 136 4,423 4,734 675 618 23 0
25-36 132 115 4,142 3,531 839 1,067 127 0
37-48 0 97 0 2,762 0 646 277 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 431 498 14,994 14,852 1,774 2,631 460 0
------- ------- --------- --------- -------- -------- --------- ---------
PAGE 72
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1995
Deductions from Reserves
------------------------
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
- ------------------ ------- ------------------- --------------------- ------------------- ---------- ----------
1994 1995 1994 1995 1994 1995
RP-1-Emp 1-12 0 3 0 618 0 8 0 0
13-24 2 0 636 0 6 0 0 0
25-36 0 2 0 636 0 6 0 0
------- ------- --------- --------- -------- -------- --------- ---------
Total 2 5 636 1,254 6 14 0 0
------- ------- --------- --------- -------- -------- --------- ---------
Total All Series 87,560 85,001 1,461,047 1,439,677 335,592 330,196 116,152 8,049
======= ======= ========= ========= ======== ======== ========= =========
(a) Includes accounts on which all payments necessary to mature have been made, but additional time must elapse before the
certificate maturity year is completed. Also includes accounts for which maturity election has been made, but no further
payments have been received.
PAGE 73
Part 4 - Amounts Periodically Credited to Certificate Holders' Accounts
to Accumulate the Maturity Amount of Installment Certificates.
Information as to (1) amounts periodically credited to each class of
security holders' accounts from installment payments and (2) such other
amounts periodically credited to accumulate the maturity amount of the
certificate (on a $1,000 face-amount certificate basis for the term of
the certificate), is filed in Part 4 of Schedule IX as part of Post-
effective Amendment No. 9 to Registration Statement No. 2-17681, Post
effective Amendment No. 1 to Registration Statement No. 2-23772 and
Post-effective Amendment No. 1 to Registration Statement No. 2-258081
and is incorporated herein by reference.
PAGE 74
IDS CERTIFICATE COMPANY SCHEDULE VII
Valuation and Qualifying Accounts
Years ended December 31, 1995, 1994 and 1993
($ thousands)
Year ended December 31, 1995
----------------------------
Additions
----------------
Reserves Balance Charged
deducted from at to costs Deductions Balance
assets to beginning and from at end
which they apply of period expenses Other reserves of period
-------------------- --------- -------- ----- ---------- ---------
Allowance for losses:
Securities $1,000 0 0 890(a) 110
Conventional
first mortgage
loans 611 0 0 0 611
Other assets 2,368 100 0 0 2,468
Year ended December 31, 1994
----------------------------
Additions
----------------
Reserves Balance Charged
deducted from at to costs Deductions Balance
assets to beginning and from at end
which they apply of period expenses Other reserves of period
-------------------- --------- -------- ----- ---------- ---------
Allowance for losses:
Securities $2,049 0 0 1,049(a) 1,000
Conventional
first mortgage
loans 961 0 0 350(b) 611
Other assets 2,018 0 350(b) 0 2,368
Year ended December 31, 1993
----------------------------
Additions
----------------
Reserves Balance Charged
deducted from at to costs Deductions Balance
assets to beginning and from at end
which they apply of period expenses Other reserves of period
-------------------- --------- -------- ----- ---------- ---------
Allowance for losses:
Securities $14,210 0 0 12,161(a) 2,049
Conventional
first mortgage
loans 1,711 0 0 750(c) 961
Other assets 1,488 0 530(c) 0 2,018
a) Applicable to reversal on securities sold.
b) Transferred from mortgage loans on real estate to other assets.
c) Represents $530 transferred from mortgage loans on real estate to other
assets and $220 reversal.