Exhibit 25
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
Statement of Eligibility
Under the Trust Indenture Act of 1939
of a Corporation Designated to Act as
Trustee
Check if an Application to Determine
Eligibility of a Trustee Pursuant to Section
305(b)(2) _______________
HARRIS TRUST AND SAVINGS BANK
(Name of Trustee)
Illinois 23-1614034
(I.R.S. Employer
(State of Incorporation) Identification No.)
111 West Monroe Street, Chicago, Illinois 60603
(Address of principal executive offices)
Daniel G. Donovan, Harris Trust and Savings Bank,
111 West Monroe Street, Chicago, Illinois, 60603
312-461-2908
(Name, address and telephone number for agent for service)
CANANDAIGUA BRANDS, INC.
(Name of Obligor)
Delaware 16-0716709
(I.R.S. Employer
(State of Incorporation) Identification No.)
235 North Bloomfield Road
Canandaigua, New York 14424
(Address of principal executive offices)
Debt Securities
(Title of indenture securities)
1. GENERAL INFORMATION. Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervising authority to which
it is subject.
Commissioner of Banks and Trust Companies, State of Illinois,
Springfield, Illinois; Chicago Clearing House Association, 164 West
Jackson Boulevard, Chicago, Illinois; Federal Deposit Insurance
Corporation, Washington, D.C.; The Board of Governors of the Federal
Reserve System,Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Harris Trust and Savings Bank is authorized to exercise corporate
trust powers.
2. AFFILIATIONS WITH OBLIGOR. If the Obligor is an affiliate of the Trustee,
describe each such affiliation.
The Obligor is not an affiliate of the Trustee.
3. thru 15.
NO RESPONSE NECESSARY
16. LIST OF EXHIBITS.
1. A copy of the articles of association of the Trustee as now in effect
which includes the authority of the trustee to commence business and to
exercise corporate trust powers.
A copy of the Certificate of Merger dated April 1, 1972 between Harris
Trust and Savings Bank, HTS Bank and Harris Bankcorp, Inc. which
constitutes the articles of association of the Trustee as now in effect
and includes the authority of the Trustee to commence business and to
exercise corporate trust powers was filed in connection with the
Registration Statement of Louisville Gas and Electric Company, File No.
2-44295, and is incorporated herein by reference.
2. A copy of the existing by-laws of the Trustee.
A copy of the existing by-laws of the Trustee was filed in connection
with the Registration Statement of Commercial Federal Corporation,
File No. 333-20711, and is incorporated herein by reference.
3. The consents of the Trustee required by Section 321(b) of the Act.
(included as Exhibit A on page 2 of this statement)
4. A copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or examining
authority.
(included as Exhibit B on page 3 of this statement)
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee,
HARRIS TRUST AND SAVINGS BANK, a corporation organized and existing under the
laws of the State of Illinois, has duly caused this statement of eligibility to
be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of Chicago, and State of Illinois, on the 7th day of November 1997.
Harris Trust and Savings Bank
By: /s/ DGDonovan
D. G. Donovan
Assistant Vice President
EXHIBIT A
The consents of the Trustee required by Section 321(b) of the Act.
Harris Trust and Savings Bank, as the Trustee herein named, hereby consents that
reports of examinations of said trustee by Federal and State authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
Harris Trust and Savings Bank
By: /s/ DGDonovan
D.G. Donovan
Assistant Vice President
EXHIBIT B
Attached is a true and correct copy of the statement of condition of Harris
Trust and Savings Bank as of June 30, 1997, as published in accordance with a
call made by the State Banking Authority and by the Federal Reserve Bank of the
Seventh Reserve District.
[LOGO]
Harris Trust and Savings Bank
111 West Monroe Street
Chicago, Illinois 60603
of Chicago, Illinois, And Foreign and Domestic Subsidiaries, at the close of
business on June 30, 1997, a state banking institution organized and operating
under the banking laws of this State and a member of the Federal Reserve System.
Published in accordance with a call made by the Commissioner of Banks and Trust
Companies of the State of Illinois and by the Federal Reserve Bank of this
District.
Bank's Transit Number 71000288
THOUSANDS
ASSETS OF DOLLARS
Cash and balances due from depository institutions:
Non-interest bearing balances and currency and coin . . . . . . . . . . . . . . . . $1,707,824
Interest bearing balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $628,916
Securities: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a. Held-to-maturity securities $0
b. Available-for-sale securities $3,766,727
Federal funds sold and securities purchased under agreements to resell in
domestic offices of the bank and of its Edge and Agreement
subsidiaries, and in IBF's:
Federal funds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $275,425
Securities purchased under agreements to resell . . . . . . . . . . . . . . . $0
Loans and lease financing receivables:
Loans and leases, net of unearned income . . . . . . . . . . . . . . . . . . . $8,346,198
LESS: Allowance for loan and lease losses . . . . . . . . . . . . . . . . . . $110,230
Loans and leases, net of unearned income, allowance, and reserve
(item 4.a minus 4.b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,235,968
Assets held in trading accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $164,281
Premises and fixed assets (including capitalized leases) . . . . . . . . . . . . . . . . . $199,292
Other real estate owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $524
Investments in unconsolidated subsidiaries and associated companies . . . . . . . . . . . . $69
Customer's liability to this bank on acceptances outstanding . . . . . . . . . . . . . . . $46,107
Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $287,575
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $670,230
TOTAL ASSETS $15,982,938
LIABILITIES
Deposits:
In domestic offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,243,162
Non-interest bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,411,145
Interest bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,832,017
In foreign offices, Edge and Agreement subsidiaries, and IBF's . . . . . . . . . . . . $1,738,871
Non-interest bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $34,386
Interest bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,704,485
Federal funds purchased and securities sold under agreements to repurchase in domestic
offices of the bank and of its Edge and Agreement subsidiaries, and in IBF's:
Federal funds purchased.& securites sold under agreements to repurchase . . . . . . . $2,985,911
Trading Liabilities 62,083
Other borrowed money: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a. With remaining maturity of one year or less $244,781
b. With remaining maturity of more than one year $0
Bank's liability on acceptances executed and outstanding $46,107
Subordinated notes and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $325,000
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $119,695
TOTAL LIABILITIES $14,765,610
EQUITY CAPITAL
Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000
Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $600,715
a. Undivided profits and capital reserves . . . . . . . . . . . . . . . . . . . . . . . . $534,395
b. Net unrealized holding gains (losses) on available-for-sale securities ($17,782)
TOTAL EQUITY CAPITAL $1,217,328
Total liabilities, limited-life preferred stock, and equity capital . . . . . . . . . . . . $15,982,938
I, Steve Neudecker, Vice President of the above-named bank, do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the Board of Governors of the Federal Reserve System and
is true to the best of my knowledge and belief.
STEVE NEUDECKER
7/30/97
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us and, to the best of our
knowledge and belief, has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and the
Commissioner of Banks and Trust Companies of the State of Illinois and is true
and correct.
EDWARD W. LYMAN,
ALAN G. McNALLY,
RICHARD JAFFEE
Directors.