UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-02945
CENTENNIAL MONEY MARKET TRUST
(Exact name of registrant as specified in charter)
6803 SOUTH TUCSON WAY, CENTENNIAL, COLORADO 80112-3924
(Address of principal executive offices)
(Zip code)
Robert G. Zack, Esq.
OppenheimerFunds, Inc.
Two World Financial Center, New York, New York 10281-1008
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(Name and address of agent for service)
Registrant's telephone number, including area code: (303) 768-3200
--------------
Date of fiscal year end: JUNE 30
-------
Date of reporting period: JULY 1, 2003 - DECEMBER 31, 2003
ITEM 1. REPORTS TO STOCKHOLDERS.
STATEMENT OF INVESTMENTS December 31, 2003 / Unaudited
- --------------------------------------------------------------------------------
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
CERTIFICATES OF DEPOSIT--8.4%
- -------------------------------------------------------
DOMESTIC CERTIFICATES OF DEPOSIT--1.8%
Citibank NA:
1.085%, 3/19/04 $ 15,000,000 $ 15,000,000
1.085%, 3/24/04 150,000,000 150,000,000
1.09%, 2/6/04 82,500,000 82,500,000
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National Bank
of Commerce,
Tennessee:
1.17%, 6/14/04 1 80,000,000 79,996,371
1.179%, 5/12/04 1 40,000,000 40,000,000
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Wachovia Bank NA,
1.05%, 1/5/04 35,000,000 35,000,000
----------------
402,496,371
- -------------------------------------------------------
YANKEE CERTIFICATES OF DEPOSIT--6.6%
Bank of Montreal,
Chicago:
1.08%, 4/16/04 81,600,000 81,600,000
1.105%, 3/31/04 133,700,000 133,700,000
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BNP Paribas,
New York:
1.09%, 2/9/04 100,000,000 99,999,460
1.11%, 4/15/04 100,000,000 100,000,000
- -------------------------------------------------------
Canadian Imperial
Bank of Commerce,
New York:
1.08%, 2/2/04 40,000,000 40,000,000
1.08%, 2/4/04 40,000,000 40,000,000
1.11%, 3/9/04 75,000,000 75,000,000
1.15%, 1/15/04 40,000,000 40,000,000
- -------------------------------------------------------
Credit Lyonnais,
New York:
1.09%, 4/23/04 100,000,000 100,000,000
1.10%, 3/1/04 74,000,000 73,999,385
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Deutsche Bank AG,
1.10%, 2/13/04 100,000,000 100,000,000
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Lloyds TSB Bank
plc, New York,
1.09%, 2/17/04 74,000,000 74,000,963
- -------------------------------------------------------
Royal Bank of
Canada, New York
Branch, 1%, 1/12/04 30,000,000 30,000,000
- -------------------------------------------------------
Royal Bank
of Scotland,
New York:
1.07%, 1/8/04 75,000,000 75,000,000
1.08%, 1/7/04 77,000,000 77,000,000
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
YANKEE CERTIFICATES OF DEPOSIT Continued
Svenska
Handelsbanken
NY:
1.08%, 1/9/04 $ 60,000,000 $ 60,000,000
1.08%, 1/12/04 24,000,000 23,999,854
1.11%, 2/3/04 95,500,000 95,500,000
- -------------------------------------------------------
Toronto Dominion
Bank, 1.08%, 2/9/04 100,000,000 100,000,000
- -------------------------------------------------------
Toronto Dominion
Bank, New York,
1.10%, 3/10/04 39,800,000 39,800,000
----------------
1,459,599,662
----------------
Total Certificates of Deposit
(Cost $1,862,096,033) 1,862,096,033
- -------------------------------------------------------
DIRECT BANK OBLIGATIONS--21.5%
AB SPINTAB:
1.08%, 2/10/04 6,850,000 6,841,780
1.10%, 4/13/04 103,200,000 102,875,207
1.11%, 4/8/04 19,000,000 18,942,588
1.12%, 4/5/04 100,000,000 99,704,444
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Bank One NA,
1.06%, 1/28/04 34,000,000 34,000,000
- -------------------------------------------------------
Barclays US
Funding Corp.,
1.06%, 1/16/04 30,000,000 29,986,750
- -------------------------------------------------------
BNP Paribas
Finance, Inc.:
1.09%, 2/13/04 100,000,000 99,869,806
1.10%, 3/15/04 90,000,000 89,796,500
- -------------------------------------------------------
Citibank NA,
1.09%, 2/20/04 200,000,000 200,000,000
- -------------------------------------------------------
Credit Lyonnais
North America, Inc.:
1.08%, 2/3/04 12,000,000 11,988,120
1.08%, 2/4/04 100,000,000 99,898,000
1.08%, 2/5/04 86,500,000 86,409,175
1.09%, 1/23/04 65,000,000 64,956,703
- -------------------------------------------------------
Danske Corp.,
Series A:
1.075%, 1/12/04 18,300,000 18,293,961
1.085%, 1/6/04 100,000,000 99,984,931
1.085%, 3/8/04 55,800,000 55,687,842
1.085%, 3/18/04 179,000,000 178,585,548
1.09%, 3/3/04 36,800,000 36,731,552
1.10%, 1/20/0 414,900,000 14,891,507
1.10%, 1/21/0 421,900,000 21,886,860
5 | CENTENNIAL MONEY MARKET TRUST
STATEMENT OF INVESTMENTS Unaudited / Continued
- --------------------------------------------------------------------------------
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
DIRECT BANK OBLIGATIONS Continued
Danske Corp.,
Series B,
1.08%, 1/5/04 $22,000,000 $ 21,997,360
- -------------------------------------------------------
Governor & Co.
of the Bank
of Ireland:
1.065%, 1/30/04 2 50,000,000 49,957,104
1.085%, 1/26/04 2 115,800,000 115,712,748
1.09%, 3/4/04 2 50,000,000 49,904,625
1.095%, 3/3/04 2 44,000,000 43,917,023
- -------------------------------------------------------
HBOS Treasury
Services:
1.09%, 1/9/04 75,000,000 74,981,833
1.09%, 2/4/04 50,000,000 49,948,528
1.10%, 1/23/04 16,000,000 15,989,244
1.11%, 2/3/04 75,500,000 75,423,179
1.11%, 2/27/04 50,000,000 49,912,125
1.11%, 3/15/04 15,600,000 15,564,406
1.115%, 4/6/04 23,500,000 23,430,127
1.12%, 3/3/04 29,100,000 29,043,869
1.13%, 3/10/04 33,000,000 32,928,528
1.13%, 3/11/04 50,000,000 49,890,139
- -------------------------------------------------------
LaSalle Bank NA:
1.09%, 1/26/04 50,000,000 50,000,000
1.10%, 2/19/04 84,000,000 84,000,000
1.11%, 3/3/04 100,000,000 100,000,000
- -------------------------------------------------------
National Australia
Funding
(Delaware), Inc.:
1.03%, 1/8/04 30,000,000 29,993,992
1.06%, 2/9/04 50,000,000 49,942,583
1.06%, 2/11/04 100,000,000 99,879,278
1.075%, 2/10/04 40,000,000 39,952,222
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National City
Credit Corp.:
1.075%, 1/8/04 43,000,000 42,991,012
1.075%, 1/26/04 50,000,000 49,962,674
- -------------------------------------------------------
Nationwide
Building Society:
1.08%, 1/6/04 35,000,000 34,994,750
1.09%, 1/28/04 75,000,000 74,938,594
1.09%, 3/8/04 50,000,000 49,898,569
1.09%, 3/9/04 70,000,000 69,855,878
1.09%, 3/16/04 77,500,000 77,324,010
1.09%, 3/31/04 20,000,000 19,945,500
1.10%, 2/17/04 17,000,000 16,975,586
1.11%, 2/5/04 18,749,000 18,728,767
1.11%, 3/17/04 80,000,000 79,812,533
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
DIRECT BANK OBLIGATIONS Continued
Nordea North
America, Inc.:
1.08%, 3/15/04 $50,000,000 $ 49,889,000
1.09%, 1/6/04 100,000,000 99,984,861
1.09%, 1/15/04 18,300,000 18,292,243
1.09%, 1/23/04 70,000,000 69,953,372
1.10%, 1/14/04 170,000,000 169,932,978
1.12%, 3/29/04 35,000,000 34,904,178
- -------------------------------------------------------
Rabobank USA
Financial Corp.:
1.06%, 1/5/04 5,500,000 5,499,352
1.06%, 1/14/04 10,650,000 10,645,923
1.07%, 1/20/04 11,028,000 11,021,772
1.08%, 1/30/04 4,000,000 3,996,584
- -------------------------------------------------------
Societe Generale
North America:
1.08%, 2/5/04 90,000,000 89,905,500
1.085%, 3/3/04 29,000,000 28,945,810
1.095%, 4/1/04 100,000,000 99,723,208
1.095%, 4/2/04 97,000,000 96,728,562
1.10%, 2/6/04 11,300,000 11,287,570
1.10%, 3/15/04 18,600,000 18,557,943
1.105%, 2/2/04 88,100,000 88,013,466
1.105%, 2/4/04 15,000,000 14,984,346
- -------------------------------------------------------
Stadshypotek
Delaware, Inc.:
1.10%, 1/15/04 2 18,000,000 17,992,300
1.11%, 3/8/04 2 77,000,000 76,840,931
1.11%, 3/12/04 30,000,000 29,934,325
1.13%, 4/5/04 2 120,000,000 119,642,167
- -------------------------------------------------------
Swedbank AB:
1.08%, 1/13/04 20,000,000 19,992,800
1.10%, 2/19/04 50,000,000 49,925,139
- -------------------------------------------------------
Toronto
Dominion
Holdings, Inc.:
1.09%, 2/5/04 20,630,000 20,608,138
1.09%, 4/16/04 50,000,000 49,839,528
1.105%, 3/5/04 67,080,000 66,948,225
- -------------------------------------------------------
U.S. Bank NA,
1.05%, 1/28/04 48,000,000 47,998,514
- -------------------------------------------------------
UBS Finance (Delaware) LLC:
1.06%, 4/21/04 150,000,000 149,509,750
1.08%, 2/12/04 20,000,000 19,974,800
1.08%, 2/17/04 18,400,000 18,374,056
- -------------------------------------------------------
Wells Fargo
Bank NA:
1.04%, 1/2/04 30,000,000 30,000,000
1.08%, 1/5/04 50,000,000 50,000,000
----------------
Total Direct Bank
Obligations (Cost $4,748,975,401) 4,748,975,401
6 | CENTENNIAL MONEY MARKET TRUST
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
LETTERS OF CREDIT--0.9%
Barclays Bank plc,
guaranteeing
commercial
paper of PEMEX
Capital, Inc.:
1.08%, 2/13/04 $ 40,000,000 $ 39,948,400
1.10%, 3/5/04 65,000,000 64,872,889
- -------------------------------------------------------
Chase Manhattan
Bank, guaranteeing
commercial paper
of NATC
California LLC:
1.11%, 1/21/04 45,000,000 44,972,250
1.11%, 1/26/04 40,000,000 39,969,167
----------------
Total Letters of Credit
(Cost $189,762,706) 189,762,706
- -------------------------------------------------------
SHORT-TERM NOTES--61.9%
- -------------------------------------------------------
ASSET-BACKED--24.7%
Amsterdam
Funding Corp.:
1.11%, 1/30/04 2 100,000,000 99,910,583
1.14%, 1/15/04 2 25,000,000 24,988,917
1.14%, 1/21/04 2 25,000,000 24,984,167
- -------------------------------------------------------
Barton Capital
Corp., 1.10%,
1/15/04 2 34,000,000 33,985,456
- -------------------------------------------------------
Crown Point
Capital Co.:
1.12%, 1/16/04 2 45,520,000 45,498,757
1.12%, 2/5/04 2 100,000,000 99,891,111
1.12%, 2/6/04 2 178,450,000 178,248,852
1.14%, 3/4/04 2 67,500,000 67,365,338
- -------------------------------------------------------
Eiffel Funding LLC:
1.10%, 1/8/04 2 50,000,000 49,989,306
1.10%, 2/24/04 2 44,400,000 44,326,740
1.11%, 1/12/04 2 50,000,000 49,983,118
1.11%, 2/9/04 2 48,500,000 48,441,679
1.11%, 2/19/04 2 75,000,000 74,886,688
1.11%, 3/22/04 2 25,000,000 24,937,563
1.12%, 1/22/04 2 37,000,000 36,975,827
1.12%, 2/13/04 2 50,000,000 49,933,111
1.13%, 1/21/04 2 25,000,000 24,984,306
- -------------------------------------------------------
Fairway Finance
Corp., 1.10%, 1/6/04 2 20,000,000 19,996,944
- -------------------------------------------------------
FCAR Owner Trust I:
1.10%, 1/27/04 50,000,000 49,960,278
1.11%, 2/2/04 25,000,000 24,975,333
1.11%, 2/12/04 10,000,000 9,987,050
1.12%, 2/17/04 50,000,000 49,926,889
1.13%, 4/2/04 100,000,000 99,711,222
1.13%, 4/8/04 186,000,000 185,427,843
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- ------------------------------------------------------
ASSET-BACKED Continued
Galaxy Funding, Inc.:
1.11%, 2/17/04 2 $ 50,000,000 $ 49,927,542
1.11%, 3/8/04 2 50,000,000 49,896,708
1.11%, 4/14/04 2 40,000,000 39,871,733
1.11%, 4/15/04 2 40,000,000 39,870,500
1.12%, 4/7/04 2 150,000,000 149,547,333
1.12%, 4/16/04 50,000,000 49,835,111
1.13%, 3/5/04 2 45,000,000 44,909,600
- -------------------------------------------------------
Gemini
Securitization
Corp.:
1.09%, 1/26/04 2 25,000,000 24,981,076
1.10%, 1/7/04 2 50,000,000 49,990,833
- -------------------------------------------------------
GOVCO, Inc.:
1.09%, 1/12/04 2 90,000,000 89,970,025
1.09%, 3/8/04 2 50,000,000 49,898,569
1.10%, 1/13/04 2 34,000,000 33,987,533
1.10%, 2/10/04 2 100,000,000 99,877,778
1.11%, 1/20/04 2 100,000,000 99,941,417
- -------------------------------------------------------
Grampian
Funding LLC:
1.11%, 3/17/04 2 29,400,000 29,331,106
1.11%, 4/14/04 2 150,000,000 149,519,000
1.12%, 1/23/04 2 7,000,000 6,995,209
1.12%, 3/15/04 2 50,000,000 49,884,889
1.12%, 3/19/04 2 50,000,000 49,878,667
- -------------------------------------------------------
Legacy Capital LLC:
1.11%, 3/11/04 2 46,500,000 46,399,638
1.12%, 1/7/04 2 214,200,000 214,160,016
1.12%, 2/11/04 2 63,819,000 63,737,595
- -------------------------------------------------------
Lexington Parker
Capital Co. LLC:
1.10%, 4/6/04 2 48,500,000 48,357,733
1.11%, 1/12/04 2 90,000,000 89,969,475
1.11%, 1/20/04 2 47,940,000 47,911,915
1.11%, 3/1/04 2 45,000,000 44,916,750
1.12%, 2/11/04 2 40,000,000 39,948,978
1.13%, 1/14/04 2 80,000,000 79,967,356
1.13%, 1/26/04 2 26,000,000 25,979,597
1.13%, 2/5/04 2 46,100,000 46,049,174
- -------------------------------------------------------
Neptune
Funding Corp.:
1.12%, 3/15/04 2 5,727,000 5,713,815
1.13%, 1/22/04 2 50,000,000 49,967,042
1.13%, 1/28/04 2 40,000,000 39,966,100
1.13%, 3/10/04 2 64,000,000 63,861,387
1.14%, 1/29/04 2 81,900,000 81,827,382
1.14%, 4/1/04 2 34,465,000 34,365,683
1.15%, 1/15/04 2 31,500,000 31,485,913
1.15%, 1/30/04 2 15,896,000 15,881,274
1.15%, 2/9/04 2 100,000,000 99,875,417
1.16%, 1/20/04 2 11,107,000 11,100,200
7 | CENTENNIAL MONEY MARKET TRUST
STATEMENT OF INVESTMENTS Unaudited / Continued
- --------------------------------------------------------------------------------
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
ASSET-BACKED Continued
New Center
Asset Trust:
1.10%, 1/16/04 $150,000,000 $ 149,931,250
1.105%, 1/29/04 24,100,000 24,079,287
1.11%, 1/21/04 50,000,000 49,969,167
1.11%, 1/29/04 50,000,000 49,956,833
- -------------------------------------------------------
Old Line
Funding Corp.:
1.10%, 1/15/04 2 100,000,000 99,957,222
1.10%, 3/22/04 2 27,014,000 26,947,140
- -------------------------------------------------------
Perry Global
Funding LLC,
Series A:
1.10%, 1/20/04 2 50,000,000 49,970,972
1.10%, 1/22/04 2 112,355,000 112,282,906
1.13%, 2/11/04 2 98,700,000 98,572,979
1.13%, 3/4/04 2 79,352,000 79,195,081
1.13%, 3/22/04 2 95,000,000 94,758,463
- -------------------------------------------------------
Preferred Receivables
Funding Corp.:
1.09%, 1/7/04 2 30,000,000 29,994,550
1.10%, 1/13/04 2 49,000,000 48,982,033
- -------------------------------------------------------
Scaldis Capital LLC:
1.09%, 3/12/04 2 63,143,000 63,007,260
1.11%, 1/16/04 2 10,000,000 9,995,375
1.12%, 1/7/04 2 36,251,000 36,244,233
- -------------------------------------------------------
Sheffield
Receivables Corp.:
1.10%, 1/5/04 2 50,000,000 49,993,944
1.10%, 1/13/04 2 20,000,000 19,992,667
1.11%, 1/2/04 2 37,000,000 36,998,859
- -------------------------------------------------------
Victory
Receivables Corp.:
1.12%, 1/2/04 2 22,818,000 22,817,290
1.12%, 1/12/04 2 47,600,000 47,583,710
1.12%, 1/20/04 2 11,100,000 11,093,439
1.13%, 1/15/04 2 43,500,000 43,480,884
1.13%, 1/26/04 2 28,817,000 28,794,387
1.14%, 1/13/04 2 81,077,000 81,046,341
1.14%, 1/14/04 2 27,000,000 26,988,885
1.15%, 2/10/04 2 148,110,000 147,923,681
- -------------------------------------------------------
Windmill
Funding Corp.:
1.10%, 1/15/04 2 50,000,000 49,978,611
1.10%, 1/27/04 2 25,000,000 24,980,139
1.10%, 1/29/04 2 50,000,000 49,957,222
- -------------------------------------------------------
Yorktown
Capital LLC:
1.10%, 2/2/04 2 15,700,000 15,684,649
1.10%, 2/12/04 2 20,056,000 20,030,261
----------------
5,460,063,867
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
AUTOMOBILES--0.2%
BMW US Capital
Corp., 1.05%,
1/9/04 $ 50,000,000 $ 49,988,333
- -------------------------------------------------------
BEVERAGES--0.1%
Anheuser-Busch
Cos., Inc., 1.01%,
1/13/04 2 30,000,000 29,989,900
- -------------------------------------------------------
CAPITAL MARKETS--9.0%
Banc of America
Securities LLC,
1.09%, 1/2/04 1 20,000,000 20,000,000
- -------------------------------------------------------
Bear Stearns
Cos., Inc.:
1.06%, 4/2/04 85,000,000 84,769,744
1.09%, 1/30/04 20,000,000 19,982,439
1.09%, 4/8/04 100,000,000 99,703,278
1.09%, 4/12/04 100,000,000 99,691,167
1.10%, 3/11/04 100,000,000 99,786,111
- -------------------------------------------------------
Citigroup
Global Markets
Holdings, Inc.:
1.08%, 1/21/04 50,000,000 49,970,000
1.08%, 1/23/04 187,000,000 186,876,580
1.08%, 1/29/04 72,000,000 71,939,520
1.08%, 2/4/04 40,000,000 39,959,200
1.09%, 1/26/04 90,000,000 89,931,875
- -------------------------------------------------------
Goldman Sachs
Group, Inc.:
1.16%, 1/12/04 3 100,000,000 100,000,000
1.17%, 1/9/04 3 100,000,000 100,000,000
1.24%, 4/28/04 3 67,000,000 67,000,000
1.27%, 5/3/04 3 46,000,000 46,000,000
1.29%, 5/27/04 3 125,000,000 125,000,000
- -------------------------------------------------------
Lehman Brothers,
Inc., 1.005%,
12/15/04 1 75,000,000 75,000,000
- -------------------------------------------------------
Merrill Lynch &
Co., Inc., Series B,
1.38%, 2/2/04 1 10,000,000 10,002,199
- -------------------------------------------------------
Morgan Stanley:
0.938%, 8/27/04 1 137,200,000 137,200,000
1.08%, 1/30/04 50,000,000 49,956,500
1.08%, 2/20/04 121,000,000 120,818,500
1.08%, 2/23/04 50,000,000 49,920,500
1.09%, 1/16/04 21,600,000 21,590,190
- -------------------------------------------------------
Wachovia Securities
LLC, 1.19%, 3/26/04 1 210,000,000 210,000,000
----------------
1,975,097,803
8 | CENTENNIAL MONEY MARKET TRUST
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
COMMERCIAL BANKS--1.5%
JPMorgan
Chase & Co.:
1.08%, 2/11/04 $ 85,500,000 $ 85,394,835
1.09%, 2/13/04 100,000,000 99,869,806
1.10%, 1/21/04 7,171,000 7,166,618
- -------------------------------------------------------
LaSalle Bank
Corp., 1.08%,
1/28/04 90,000,000 89,927,100
- -------------------------------------------------------
State Street Corp.,
1.06%, 1/29/04 50,000,000 49,958,778
----------------
332,317,137
- -------------------------------------------------------
COMMERCIAL FINANCE--0.5%
Caterpillar Financial
Services Corp.,
Series F, 1.32%,
5/28/04 1 50,000,000 50,031,579
- -------------------------------------------------------
Countrywide
Home Loans,
1.01%, 1/2/04 34,800,000 34,799,024
- -------------------------------------------------------
Private Export
Funding Corp.:
1.03%, 1/16/04 2 10,000,000 9,995,708
1.07%, 3/25/04 2 20,000,000 19,950,067
----------------
114,776,378
- -------------------------------------------------------
CONSUMER FINANCE--1.6%
American Express
Credit Corp.:
1.05%, 1/8/04 100,000,000 99,979,583
1.05%, 1/9/04 50,000,000 49,988,333
1.05%, 1/16/04 18,500,000 18,491,906
1.06%, 2/12/04 41,900,000 41,848,184
1.06%, 4/1/04 100,000,000 99,732,056
- -------------------------------------------------------
American Express
Credit Corp.,
Series B, 1.274%,
12/16/04 1 10,000,000 10,014,306
- -------------------------------------------------------
American General
Finance Corp.:
1.04%, 1/8/04 20,000,000 19,995,956
1.06%, 1/21/04 9,000,000 8,994,700
----------------
349,045,024
- ------------------------------------------------------
DIVERSIFIED FINANCIAL SERVICES--3.5%
GE Capital
International
Funding, Inc.,
Series A:
1.11%, 4/14/04 2 150,000,000 149,519,000
1.11%, 4/22/04 2 20,000,000 19,930,933
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
DIVERSIFIED FINANCIAL SERVICES Continued
General Electric
Capital Corp.:
1.09%, 1/27/04 $ 77,000,000 $ 76,939,384
1.10%, 2/23/04 100,000,000 99,838,056
1.12%, 4/7/04 153,200,000 152,745,105
- -------------------------------------------------------
General Electric
Capital Services,
1.09%, 1/28/04 66,000,000 65,946,045
- -------------------------------------------------------
Greenwich Capital
Holdings, Inc.,
1.09%, 1/30/04 26,000,000 25,977,171
- -------------------------------------------------------
Prudential Funding LLC:
1.10%, 1/15/04 50,000,000 49,978,611
1.10%, 1/16/04 60,000,000 59,972,500
1.16%, 3/25/04 75,000,000 74,797,000
----------------
775,643,805
- -------------------------------------------------------
DIVERSIFIED TELECOMMUNICATION SERVICES--0.1%
SBC International,
Inc., 1.07%, 1/13/04 2 27,000,000 26,990,370
- -------------------------------------------------------
FOOD PRODUCTS--0.4%
Nestle Capital
Corp., 1.06%,
1/8/04 2 75,000,000 74,984,542
- -------------------------------------------------------
HOUSEHOLD PRODUCTS--0.1%
Clorox Co., 1.02%,
1/5/04 30,000,000 29,996,600
- -------------------------------------------------------
INSURANCE--5.9%
Allstate Financial
Global Funding,
1.339%, 1/30/04 3 15,000,000 15,002,861
- -------------------------------------------------------
ING America
Insurance
Holdings, Inc.:
1.09%, 1/26/04 50,000,000 49,962,153
1.09%, 3/12/04 100,000,000 99,785,028
1.09%, 3/22/04 40,000,000 39,901,900
1.10%, 1/5/04 58,400,000 58,392,862
1.10%, 2/12/04 50,000,000 49,935,833
1.11%, 2/2/04 48,500,000 48,452,147
- -------------------------------------------------------
Jackson National
Life Insurance Co.:
1.13%, 7/30/04 1 48,000,000 48,000,000
1.18%, 3/1/04 1 70,000,000 70,000,000
- -------------------------------------------------------
MetLife
Funding, Inc.:
1.06%, 1/14/04 134,432,000 134,380,169
1.09%, 2/4/04 100,000,000 99,897,056
1.10%, 3/4/04 34,000,000 33,934,550
9 | CENTENNIAL MONEY MARKET TRUST
STATEMENT OF INVESTMENTS Unaudited / Continued
- --------------------------------------------------------------------------------
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
INSURANCE Continued
Metropolitan Life
Global Funding I,
Series 2003-5,
1.173%, 1/15/04 1,3 $ 69,400,000 $ 69,400,000
- -------------------------------------------------------
Pacific Life
Insurance Co.,
1.14%, 1/2/04 1,3 71,000,000 71,000,000
- -------------------------------------------------------
Prudential
Insurance Co.
of America,
1.21%, 1/2/04 1 165,000,000 165,000,000
- -------------------------------------------------------
Security Life
of Denver
Insurance Co.:
1.22%, 10/27/04 1 65,000,000 65,000,000
1.22%, 12/17/04 1 100,000,000 100,000,000
- -------------------------------------------------------
United of
Omaha Life
Insurance Co.:
1.22%, 1/2/04 1,3 50,000,000 50,000,000
1.22%, 1/2/04 1,3 16,000,000 16,000,000
1.22%, 1/2/04 1,3 15,000,000 15,000,000
----------------
1,299,044,559
- -------------------------------------------------------
LEASING & FACTORING--1.2%
American Honda
Finance Corp.:
1.08%, 1/29/04 25,000,000 24,979,000
1.12%, 11/19/04 1,4 40,000,000 39,996,451
1.13%, 2/4/04 1,4 27,000,000 27,000,000
1.13%, 12/6/04 1,4 50,000,000 49,995,368
1.26%, 4/13/04 1,4 40,000,000 40,019,104
- -------------------------------------------------------
Toyota Motor
Credit Corp.:
1.06%, 1/15/04 2 20,000,000 19,991,756
1.07%, 2/4/04 2 71,500,000 71,428,218
----------------
273,409,897
- -------------------------------------------------------
METALS & MINING--0.2%
Rio Tinto Ltd.:
1.09%, 1/9/04 2 17,054,000 17,049,869
1.12%, 2/26/04 2 30,148,000 30,096,179
----------------
47,146,048
- -------------------------------------------------------
OIL & GAS--0.9%
BP America, Inc.,
1.05%, 3/15/04 50,000,000 49,892,083
- -------------------------------------------------------
Koch Industries,
Inc., 1.01%, 1/5/04 2 30,000,000 29,996,633
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
OIL & GAS Continued
Shell Finance UK plc:
1.09%, 3/18/04 $ 84,000,000 $ 83,804,163
1.10%, 4/7/04 32,000,000 31,905,156
----------------
195,598,035
- -------------------------------------------------------
PERSONAL PRODUCTS--0.2%
Procter & Gamble Co.:
1.01%, 1/15/04 2 20,000,000 19,992,144
1.06%, 2/2/04 2 11,000,000 10,989,636
----------------
30,981,780
- -------------------------------------------------------
PHARMACEUTICALS--1.5%
Alcon Capital Corp.:
1.08%, 2/6/04 2 100,000,000 99,892,000
1.08%, 2/18/04 2 91,200,000 91,068,064
- -------------------------------------------------------
Aventis:
1.08%, 1/28/04 2 50,000,000 49,959,500
1.08%, 3/1/04 2 70,000,000 69,874,000
- -------------------------------------------------------
Pfizer, Inc.,
1.03%, 1/9/04 2 25,000,000 24,994,278
----------------
335,787,842
- -------------------------------------------------------
SPECIAL PURPOSE FINANCIAL--10.3%
Blue Spice LLC:
1.10%, 1/16/04 2 50,000,000 49,977,083
1.10%, 2/6/04 2 24,700,000 24,672,830
1.11%, 1/22/04 2 120,000,000 119,922,592
- -------------------------------------------------------
Cooperative Assn.
of Tractor Dealers,
Inc., Series A:
1.12%, 4/16/04 5,000,000 4,983,511
1.13%, 2/9/04 12,100,000 12,085,188
- -------------------------------------------------------
Cooperative Assn.
of Tractor Dealers,
Inc., Series B,
1.13%, 2/9/04 9,000,000 8,988,983
- -------------------------------------------------------
Independence
Funding LLC,
1.10%, 1/20/04 4 63,700,000 63,663,019
- -------------------------------------------------------
K2 (USA) LLC:
1.10%, 2/18/04 2 43,600,000 43,536,053
1.10%, 2/19/04 2 37,000,000 36,944,603
1.109%, 9/20/04 1,4 50,000,000 49,992,775
1.11%, 2/26/04 2 90,000,000 89,844,600
1.11%, 3/10/04 2 60,400,000 60,272,082
1.11%, 4/7/04 2 20,000,000 19,940,183
1.113%, 7/15/04 1,4 35,000,000 34,994,377
1.12%, 3/5/04 2 24,700,000 24,650,820
1.12%, 3/15/04 2 40,000,000 39,907,911
10 | CENTENNIAL MONEY MARKET TRUST
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
SPECIAL PURPOSE FINANCIAL Continued
LINKS Finance LLC:
1.08%, 8/25/04 1,4 $ 50,000,000 $ 49,993,507
1.09%, 3/11/04 2 63,400,000 63,265,269
1.09%, 3/18/04 2 50,000,000 49,883,431
1.10%, 2/17/04 2 36,500,000 36,447,582
1.10%, 9/30/04 1,4 75,000,000 74,988,811
1.13%, 10/15/04 1,4 100,000,000 100,000,000
1.14%, 1/22/04 1,4 100,000,000 99,999,426
- -------------------------------------------------------
Parkland (USA) LLC:
1.12%, 9/30/04 1,4 50,000,000 49,996,270
1.129%, 5/24/04 1,4 25,000,000 24,999,000
1.13%, 1/30/04 1,4 50,000,000 50,000,000
1.131%, 2/24/04 1,4 15,000,000 15,000,000
1.14%, 11/19/04 1,4 50,000,000 50,000,000
1.143%, 10/15/04 1 40,000,000 39,996,852
1.15%, 12/10/04 1,4 50,000,000 49,995,301
- -------------------------------------------------------
Premium Asset
Trust Certificates,
Series 2002-6,
1.353%, 6/1/04 1,3 40,000,000 40,027,166
- -------------------------------------------------------
Sigma Finance, Inc.:
1.08%, 11/26/04 1,4 150,000,000 149,979,768
1.08%, 12/1/04 1,4 100,000,000 99,986,270
1.11%, 3/9/04 2 4,000,000 3,991,613
1.11%, 3/16/04 2 73,500,000 73,329,769
1.11%, 4/16/04 2 40,000,000 39,869,267
1.11%, 4/19/04 2 45,000,000 44,848,763
1.13%, 12/6/04 1,4 40,000,000 39,992,609
1.14%, 12/15/04 1,4 75,000,000 74,989,279
1.15%, 12/20/04 1,4 87,000,000 86,982,965
- -------------------------------------------------------
Steamboat Funding
Corp., 1.14%,
1/12/04 2 69,400,000 69,376,437
- -------------------------------------------------------
Ticonderoga
Funding LLC:
1.10%, 1/6/04 4 46,007,000 45,999,971
1.11%, 1/5/04 4 15,071,000 15,069,141
1.11%, 1/8/04 4 30,000,000 29,993,525
1.11%, 1/14/04 4 9,875,000 9,871,042
----------------
2,263,249,644
----------------
Total Short-Term Notes
(Cost $13,664,111,564) 13,664,111,564
PRINCIPAL VALUE
AMOUNT SEE NOTE 1
- -------------------------------------------------------
U.S. GOVERNMENT AGENCIES--7.4%
Federal Home
Loan Bank:
1.05%, 1/9/04 $100,000,000 $ 99,976,667
1.065%, 1/23/04 23,000,000 22,985,031
1.07%, 7/14/04 33,000,000 33,000,000
1.08%, 7/16/04 50,000,000 50,000,000
1.52%, 11/26/04 40,000,000 40,000,000
1.53%, 11/19/04 18,000,000 18,000,000
1.56%, 12/7/04 45,000,000 45,000,000
1.625%, 12/8/04 50,000,000 50,000,000
1.65%, 12/30/04 25,000,000 25,000,000
- -------------------------------------------------------
Federal Home
Loan Mortgage
Corp.: 1.07%,
2/5/04-2/19/04 142,632,000 142,435,835
1.075%, 2/26/04 300,000,000 299,496,778
1.65%, 12/30/04 40,000,000 40,000,000
- -------------------------------------------------------
Federal National
Mortgage Assn.:
1.05%, 3/24/04 94,350,000 94,122,171
1.06%,
4/15/04-7/20/04 100,000,000 99,845,417
- -------------------------------------------------------
FNMA Master
Credit Facility:
0.95%, 1/2/04 75,000,000 74,998,021
1.07%, 3/1/04 50,000,000 49,912,319
1.09%,
1/2/04-1/5/04 138,200,000 138,186,733
1.105%, 2/2/04 164,354,000 164,192,560
1.11%,
2/2/04-3/1/04 30,000,000 29,953,133
1.12%,
3/1/04-5/3/04 80,000,000 79,792,800
- -------------------------------------------------------
U.S. Treasury Bills,
0.91%, 1/2/04 30,000,000 29,999,242
----------------
Total U.S. Government
Agencies (Cost $1,626,896,707) 1,626,896,707
- -------------------------------------------------------
TOTAL INVESTMENTS,
AT VALUE
(COST $22,091,842,411) 100.1% 22,091,842,411
- -------------------------------------------------------
LIABILITIES
IN EXCESS OF
OTHER ASSETS (0.1) (19,863,241)
------------------------
NET ASSETS 100.0% $22,071,979,170
========================
11 | CENTENNIAL MONEY MARKET TRUST
STATEMENT OF INVESTMENTS Unaudited / Continued
- --------------------------------------------------------------------------------
FOOTNOTES TO STATEMENT OF INVESTMENTS
SHORT-TERM NOTES, DIRECT BANK OBLIGATIONS AND LETTERS OF CREDIT ARE GENERALLY
TRADED ON A DISCOUNT BASIS; THE INTEREST RATE SHOWN IS THE DISCOUNT RATE
RECEIVED BY THE TRUST AT THE TIME OF PURCHASE. OTHER SECURITIES NORMALLY BEAR
INTEREST AT THE RATES SHOWN.
1. Represents the current interest rate for a variable or increasing rate
security.
2. Security issued in an exempt transaction without registration under the
Securities Act of 1933. Such securities amount to $6,977,578,512, or 31.61% of
the Trust's net assets, and have been determined to be liquid pursuant to
guidelines adopted by the Board of Trustees.
3. Identifies issues considered to be illiquid. See Note 4 of Notes to Financial
Statements.
4. Represents securities sold under Rule 144A, which are exempt from
registration under the Securities Act of 1933, as amended. These securities have
been determined to be liquid under guidelines established by the Board of
Trustees. These securities amount to $1,423,497,979 or 6.45% of the Trust's net
assets as of December 31, 2003.
SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
12 | CENTENNIAL MONEY MARKET TRUST
STATEMENT OF ASSETS AND LIABILITIES Unaudited
- --------------------------------------------------------------------------------
December 31, 2003
- -----------------------------------------------------------------------------------
ASSETS
Investments, at value (cost $22,091,842,411)--
see accompanying statement $22,091,842,411
- -----------------------------------------------------------------------------------
Cash 45,406,005
- -----------------------------------------------------------------------------------
Receivables and other assets:
Shares of beneficial interest sold 237,825,224
Interest 7,473,183
Other 735,367
----------------
Total assets 22,383,282,190
- -----------------------------------------------------------------------------------
LIABILITIES
Payables and other liabilities:
Shares of beneficial interest redeemed 226,037,155
Investments purchased 79,798,453
Transfer and shareholder servicing agent fees 2,486,537
Service plan fees 1,707,258
Shareholder reports 1,054,711
Trustees' compensation 23,301
Other 195,605
----------------
Total liabilities 311,303,020
- -----------------------------------------------------------------------------------
NET ASSETS $22,071,979,170
================
- -----------------------------------------------------------------------------------
COMPOSITION OF NET ASSETS
Paid-in capital $22,071,961,866
- -----------------------------------------------------------------------------------
Accumulated net realized gain on investments 17,304
----------------
NET ASSETS--applicable to 22,072,409,088 shares of
beneficial interest outstanding $22,071,979,170
================
- -----------------------------------------------------------------------------------
NET ASSET VALUE, REDEMPTION PRICE PER SHARE AND OFFERING PRICE PER SHARE $1.00
SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.
13 | CENTENNIAL MONEY MARKET TRUST
STATEMENT OF OPERATIONS Unaudited
- --------------------------------------------------------------------------------
For the Six Months Ended December 31, 2003
- ----------------------------------------------------------------------
INVESTMENT INCOME
Interest $129,766,167
- ----------------------------------------------------------------------
EXPENSES
Management fees 38,483,501
- ----------------------------------------------------------------------
Service plan fees 23,088,755
- ----------------------------------------------------------------------
Transfer and shareholder servicing agent fees 14,429,077
- ----------------------------------------------------------------------
Shareholder reports 555,667
- ----------------------------------------------------------------------
Custodian fees and expenses 134,869
- ----------------------------------------------------------------------
Trustees' compensation 56,732
- ----------------------------------------------------------------------
Other 107,604
------------
Total expenses 76,856,205
Less reduction to custodian expenses (10,897)
Less reimbursement of expenses (35,313,692)
------------
Net expenses 41,531,616
- ----------------------------------------------------------------------
NET INVESTMENT INCOME 88,234,551
- ----------------------------------------------------------------------
NET REALIZED GAIN ON INVESTMENTS 17,304
- ----------------------------------------------------------------------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $88,251,855
============
SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.
14 | CENTENNIAL MONEY MARKET TRUST
STATEMENTS OF CHANGES IN NET ASSETS
- --------------------------------------------------------------------------------
SIX MONTHS YEAR
ENDED ENDED
DECEMBER 31, 2003 JUNE 30,
(UNAUDITED) 2003
- ---------------------------------------------------------------------------------------
OPERATIONS
Net investment income $ 88,234,551 $ 270,905,285
- ---------------------------------------------------------------------------------------
Net realized gain 17,304 1,311,090
---------------------------------
Net increase in net assets resulting from operations 88,251,855 272,216,375
- ---------------------------------------------------------------------------------------
DIVIDENDS AND/OR DISTRIBUTIONS TO SHAREHOLDERS
Dividends from net investment income (88,234,551) (270,905,285)
- ---------------------------------------------------------------------------------------
Distributions from net realized gain -- (1,155,761)
- ---------------------------------------------------------------------------------------
BENEFICIAL INTEREST TRANSACTIONS
Net increase (decrease) in net assets resulting
from beneficial interest transactions (946,635,807) 1,282,503,396
- ---------------------------------------------------------------------------------------
NET ASSETS
Total increase (decrease) (946,618,503) 1,282,658,725
- ---------------------------------------------------------------------------------------
Beginning of period 23,018,597,673 21,735,938,948
---------------------------------
End of period $22,071,979,170 $23,018,597,673
=================================
SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.
15 | CENTENNIAL MONEY MARKET TRUST
FINANCIAL HIGHLIGHTS
- --------------------------------------------------------------------------------
SIX MONTHS YEAR
ENDED ENDED
DECEMBER 31, 2003 JUNE 30,
(UNAUDITED) 2003 2002 2001 2000 1999
- ------------------------------------------------------------------------------------------------
PER SHARE OPERATING DATA
Net asset value, beginning of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
- ------------------------------------------------------------------------------------------------
Income from investment operations--net
investment income and net realized gain -- 1 .01 .02 .06 .05 .05
- ------------------------------------------------------------------------------------------------
Dividends and/or distributions to shareholders:
Dividends from net investment income -- 1 (.01) (.02) (.06) (.05) (.05)
Distributions from net realized gain -- -- 1 -- 1 -- -- --
----------------------------------------------------
Total dividends and/or distributions
to shareholders -- (.01) (.02) (.06) (.05) (.05)
- ------------------------------------------------------------------------------------------------
Net asset value, end of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
====================================================
- ------------------------------------------------------------------------------------------------
TOTAL RETURN 2 0.39% 1.20% 1.99% 5.51% 5.36% 4.75%
- ------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA
Net assets, end of period (in millions) $22,072 $23,019 $21,736 $22,210 $18,734 $17,821
- ------------------------------------------------------------------------------------------------
Average net assets (in millions) $22,928 $22,783 $22,947 $20,830 $18,537 $17,128
- ------------------------------------------------------------------------------------------------
Ratios to average net assets: 3
Net investment income 0.76% 1.19% 1.97% 5.34% 5.20% 4.63%
Total expenses 0.66% 0.66% 0.69% 0.67% 0.67% 0.66%
Expenses after expense reimbursement
or fee waiver and reduction to
custodian expenses 0.36% 0.40% 0.66% N/A 4 N/A 4 N/A 4
<FN>
1. Less than $0.005 per share.
2. Assumes an investment on the business day before the first day of the fiscal
period, with all dividends reinvested in additional shares on the reinvestment
date, and redemption at the net asset value calculated on the last business day
of the fiscal period. Total returns are not annualized for periods less than one
year. Returns do not reflect the deduction of taxes that a shareholder would pay
on Trust distributions or the redemption of Trust shares.
3. Annualized for periods of less than one full year.
4. Reduction to custodian expenses less than 0.01%.
</FN>
SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.
16 | CENTENNIAL MONEY MARKET TRUST
NOTES TO FINANCIAL STATEMENTS Unaudited
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1. SIGNIFICANT ACCOUNTING POLICIES
Centennial Money Market Trust (the Trust) is registered under the Investment
Company Act of 1940, as amended, as an open-end management investment company.
The Trust's investment objective is to seek the maximum current income that is
consistent with low capital risk and the maintenance of liquidity. The Trust's
investment advisor is Centennial Asset Management Corporation (the Manager), a
subsidiary of OppenheimerFunds, Inc. (OFI).
The following is a summary of significant accounting policies consistently
followed by the Trust.
- --------------------------------------------------------------------------------
SECURITIES VALUATION. Portfolio securities are valued on the basis of amortized
cost, which approximates market value.
- --------------------------------------------------------------------------------
FEDERAL TAXES. The Trust intends to comply with provisions of the Internal
Revenue Code applicable to regulated investment companies and to distribute
substantially all of its investment company taxable income, including any net
realized gain on investments not offset by capital loss carryforwards, if any,
to shareholders, therefore, no federal income or excise tax provision is
required.
- --------------------------------------------------------------------------------
TRUSTEES' COMPENSATION. The Board of Trustees has adopted a deferred
compensation plan for independent trustees that enables trustees to elect to
defer receipt of all or a portion of the annual compensation they are entitled
to receive from the Trust. Under the plan, deferred amounts are treated as
though equal dollar amounts had been invested in shares of the Trust or are
invested in other Oppenheimer funds selected by the Trustee. Deferral of
trustees' fees under the plan will not affect the net assets of the Trust, and
will not materially affect the Trust's assets, liabilities or net investment
income per share. Amounts will be deferred until distributed in accordance to
the Plan.
- --------------------------------------------------------------------------------
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS. Dividends and distributions to
shareholders, which are determined in accordance with income tax regulations,
are recorded on the ex-dividend date. Income distributions, if any, are declared
daily and paid monthly.
Capital gain distributions, if any, are declared and paid annually.
- --------------------------------------------------------------------------------
EXPENSE OFFSET ARRANGEMENT. The reduction of custodian fees, if applicable,
represents earnings on cash balances maintained by the Trust.
- --------------------------------------------------------------------------------
SECURITY TRANSACTIONS. Security transactions are recorded on the trade date.
Realized gains and losses on securities sold are determined on the basis of
identified cost.
- --------------------------------------------------------------------------------
OTHER. The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of income and
expenses during the reporting period. Actual results could differ from those
estimates.
17 | CENTENNIAL MONEY MARKET TRUST
NOTES TO FINANCIAL STATEMENTS Unaudited / Continued
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
2. SHARES OF BENEFICIAL INTEREST
The Trust has authorized an unlimited number of no par value shares of
beneficial interest. Transactions in shares of beneficial interest were as
follows:
SIX MONTHS ENDED DECEMBER 31, 2003 YEAR ENDED JUNE 30, 2003
SHARES AMOUNT SHARES AMOUNT
- --------------------------------------------------------------------------------------------------
Sold 27,538,906,243 $ 27,538,906,243 54,901,317,706 $ 54,901,317,706
Dividends and/or
distributions reinvested 93,176,064 93,176,064 270,468,383 270,468,383
Redeemed (28,578,718,114) (28,578,718,114) (53,889,282,693) (53,889,282,693)
---------------------------------------------------------------------------
Net increase (decrease) (946,635,807) $ (946,635,807) 1,282,503,396 $ 1,282,503,396
===========================================================================
- --------------------------------------------------------------------------------
3. FEES AND OTHER TRANSACTIONS WITH AFFILIATES
MANAGEMENT FEES. Management fees paid to the Manager were in accordance with the
investment advisory agreement with the Trust which provides for a fee at an
annual rate of 0.50% of the first $250 million of the Trust's net assets, 0.475%
of the next $250 million, 0.45% of the next $250 million, 0.425% of the next
$250 million, 0.40% of the next $250 million, 0.375% of the next $250 million,
0.35% of the next $500 million, and 0.325% of net assets in excess of $2
billion. In the agreement, the Manager guarantees that the Trust's total
expenses in any fiscal year, exclusive of taxes, interest and brokerage
concessions, and extraordinary expenses such as litigation costs, shall not
exceed the lesser of 1.5% of the average annual net assets of the Trust up to
$30 million and 1% of its average annual net assets in excess of $30 million; or
25% of the total annual investment income of the Trust. As a result of this
agreement, the Trust was reimbursed $35,313,692, for the six months ended
December 31, 2003. Effective November 25, 2003, the expense limitation was
terminated.
- --------------------------------------------------------------------------------
TRANSFER AGENT FEES. Shareholder Services, Inc. (SSI) acts as the transfer and
shareholder servicing agent for the Trust and for other registered investment
companies. The Trust pays SSI a per account fee. For the six months ended
December 31, 2003, the Trust paid $14,166,761 to SSI for services to the Trust.
SSI has voluntarily agreed to limit transfer and shareholder servicing agent
fees up to an annual rate of 0.35% of average net assets of the Trust. This
undertaking may be amended or withdrawn at any time.
- --------------------------------------------------------------------------------
SERVICE PLAN (12B-1) FEES. The Trust has adopted a service plan. It reimburses
Centennial Asset Management Corp., the Distributor, for a portion of its costs
incurred for services provided to accounts that hold shares of the Trust.
Reimbursement is made quarterly at an annual rate up to 20% of the average
annual net assets of the Trust. Fees incurred by the Trust under the plan are
detailed in the Statement of Operations.
18 | CENTENNIAL MONEY MARKET TRUST
- --------------------------------------------------------------------------------
4. ILLIQUID SECURITIES
As of December 31, 2003, investments in securities included issues that are
illiquid. A security may be considered illiquid if it lacks a readily available
market or if its valuation has not changed for a certain period of time. The
Trust intends to invest no more than 10% of its net assets (determined at the
time of purchase and reviewed periodically) in illiquid securities. The
aggregate value of illiquid securities subject to this limitation as of December
31, 2003 was $714,430,027, which represents 3.24% of the Trust's net assets.
PORTFOLIO PROXY VOTING
POLICIES AND PROCEDURES Unaudited
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
The Trust has adopted Portfolio Proxy Voting Policies and Procedures under which
the Trust votes proxies relating to securities ("portfolio proxies") held by the
Trust. A description of the Trust's Portfolio Proxy Voting Policies and
Procedures is available (i) without charge, upon request, by calling the Trust
toll-free at 1.800.225.5677, (ii) on the Trust's website at
www.oppenheimerfunds.com, and (iii) on the SEC's website at www.sec.gov. In
addition, the Trust will be required to file new Form N-PX, with its complete
proxy voting record for the 12 months ended June 30th, no later than August 31st
of each year. The first such filing is due no later than August 31, 2004, for
the twelve months ended June 30, 2004. Once filed, the Trust's Form N-PX filing
will be available (i) without charge, upon request, by calling the Trust
toll-free at 1.800.225.5677, and (ii) on the SEC's website at www.sec.gov.
19 | CENTENNIAL MONEY MARKET TRUST
REPORT OF SHAREHOLDER MEETING Unaudited
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
On November 24, 2003, a special shareholder meeting was held at which
shareholders elected all of the nominated Trustees and approved proposals 2a, 2b
and 3 as described in the Trust's proxy statement for the meeting.
- --------------------------------------------------------------------------------
PROPOSAL NO. 1
The eleven persons named below to serve as Trustee of the Trust until their
successors are elected and shall qualify:
NOMINEE FOR WITHHELD TOTAL
- ------------------------------------------------------------------------------------
James C. Swain 10,664,751,996.733 829,350,818.430 11,494,102,815.163
Richard F. Grabish 10,685,550,320.573 808,552,494.590 11,494,102,815.163
William L. Armstrong 10,666,907,830.673 827,194,984.490 11,494,102,815.163
Robert G. Avis 10,664,499,114.443 829,603,700.720 11,494,102,815.163
George C. Bowen 10,679,708,629.423 814,394,185.740 11,494,102,815.163
Edward L. Cameron 10,681,288,921.763 812,813,893.400 11,494,102,815.163
Jon S. Fossel 10,679,718,983.663 814,383,831.500 11,494,102,815.163
Sam Freedman 10,675,617,170.483 818,485,644.680 11,494,102,815.163
F. William Marshall, Jr. 10,682,492,714.713 811,610,100.450 11,494,102,815.163
Beverly L. Hamilton 10,677,320,694.523 816,782,120.640 11,494,102,815.163
Robert J. Malone 10,687,679,558.543 806,423,256.620 11,494,102,815.163
FOR AGAINST ABSTAIN BROKER NON-VOTES TOTAL
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PROPOSAL NOS. 2A-2B
2a. Approval of the amendment to the Trust's fundamental investment restriction
regarding investments in debt securities having a maturity greater than the time
limitation provided in Rule 2a-7:
9,293,587,713.793 1,082,635,066.250 1,117,880,035.120 -- 11,494,102,815.163
2b. Approval of the amendment to the Trust's fundamental investment restriction
regarding the Trust's concentration policy:
9,251,658,952.623 1,061,275,830.630 1,181,168,031.910 -- 11,494,102,815.163
- ------------------------------------------------------------------------------------------------
PROPOSAL NO. 3
3. To approve a new Investment Advisory Agreement to eliminate an expense
limitation:
8,082,944,484.773 2,310,923,214.280 1,100,235,116.110 -- 11,494,102,815.163
20 | CENTENNIAL MONEY MARKET TRUST
ITEM 2. CODE OF ETHICS
The registrant has adopted a code of ethics that applies to the
registrant's principal executive officer, principal financial officer, principal
accounting officer or controller or persons performing similar functions.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT
The Board of Trustees of the Trust has determined that Edward L.
Cameron, the Chairman of the Board's Audit Committee, and George C. Bowen, a
member of the Board's Audit Committee, possess the technical attributes
identified in Instruction 2(b) of Item 3 to Form N-CSR to qualify as "audit
committee financial experts," and has designated Messrs. Cameron and Bowen as
the Audit Committee's financial experts. Messrs. Cameron and Bowen are
"independent" Trustees pursuant to paragraph (a)(2) of Item 3 to Form N-CSR.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Not applicable to semiannual reports.
ITEM 5. NOT APPLICABLE
ITEM 6. RESERVED
ITEM 7. NOT APPLICABLE
ITEM 8. NOT APPLICABLE
Item 9. Submission of Matters to a Vote of Security Holders
Not applicable for fiscal periods ending December 31, 2003.
ITEM 10. CONTROLS AND PROCEDURES
(a) Based on their evaluation of registrant's disclosure controls and
procedures (as defined in rule 30a-2(c) under the Investment Company
Act of 1940 (17 CFR 270.30a-2(c)) as of December 31, 2003, registrant's
principal executive officer and principal financial officer found
registrant's disclosure controls and procedures to provide reasonable
assurances that information required to be disclosed by registrant in
the reports that it files under the Securities Exchange Act of 1934 (a)
is accumulated and communicated to registrant's management, including
its principal executive officer and principal financial officer, to
allow timely decisions regarding required disclosure, and (b) is
recorded, processed, summarized and reported, within the time periods
specified in the rules and forms adopted by the U.S. Securities and
Exchange Commission.
(b) There have been no significant changes in registrant's internal
controls over financial reporting that occurred during the registrant's
last fiscal half-year that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over
financial reporting.
ITEM 11. EXHIBITS.
(A) EXHIBIT ATTACHED HERETO. (ATTACH CODE OF ETHICS AS EXHIBIT)
(B) EXHIBITS ATTACHED HERETO. (ATTACH CERTIFICATIONS AS EXHIBITS)