SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15 (d)
of the Securities Exchange Act of 1934
for the year ended December 31, 1999
TRUMP CAPITAL ACCUMULATION PLAN
(Formerly Trump Taj Mahal Hotel & Casino Savings Plan)
(Full title of the Plan)
TRUMP HOTELS AND CASINO RESORTS, INC.
(Name of Issuer of the securities held pursuant to the Plan)
1000 Boardwalk
Atlantic City, New Jersey 08401
(Address of principal executive office)
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
FINANCIAL STATEMENTS
AS OF DECEMBER 31, 1999 AND 1998
TOGETHER WITH AUDITORS' REPORT
INDEX
Page
----
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS 1
FINANCIAL STATEMENTS
Statements of Net Assets Applicable to Participants' Equity as of December 31, 1999 and 1998 2
Statement of Changes in Net Assets Applicable to Participants' Equity for the Year Ended December 31, 1999 3
NOTES TO FINANCIAL STATEMENTS 4-9
SUPPLEMENTAL SCHEDULES:
I -- Item 27a - Schedule of Assets Held for Investment Purposes as of December 31, 1999 10-11
II -- Item 27d - Schedule of Reportable Transactions for the Year Ended December 31, 1999 12
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Benefits Committee of the
Trump Capital Accumulation Plan:
We have audited the accompanying statements of net assets applicable to
participants' equity of the Trump Capital Accumulation Plan (formerly Trump Taj
Mahal Hotel & Casino Savings Plan) (the "Plan") as of December 31, 1999 and
1998, and the related statement of changes in net assets applicable to
participants' equity for the year ended December 31, 1999. These financial
statements and the schedules referred to below are the responsibility of the
Plan's management. Our responsibility is to express an opinion on these
financial statements and schedules based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets applicable to participants' equity of the
Plan as of December 31, 1999 and 1998, and the changes in its net assets
applicable to participants' equity for the year ended December 31, 1999, in
conformity with accounting principles generally accepted in the United States.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment purposes and reportable transactions are presented for the
purpose of additional analysis and are not a required part of the basic
financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. The fund information in
the statements of net assets applicable to participants' equity is presented for
purposes of additional analysis rather than to present the net assets applicable
to participants, equity of each fund. The supplemental schedules and fund
information have been subjected to the auditing procedures applied in the audits
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
ARTHUR ANDERSEN LLP
Roseland, New Jersey
May 26, 2000
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
STATEMENTS OF NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY
AS OF DECEMBER 31, 1999 AND 1998
ASSETS 1999 1998
------ ------ ------
ASSETS:
Investments at market value (Notes 1 and 3)-
Merrill Lynch Pacific Fund $ 11,281,054 $ 3,724,226
Merrill Lynch Federal Securities Fund 5,324,076 2,866,536
Merrill Lynch Capital Fund 14,310,921 8,640,826
Merrill Lynch Basic Value Fund 22,457,137 10,969,026
Merrill Lynch Growth Fund 7,076,519 3,277,857
Merrill Lynch Global Allocation Fund 2,485,680 707,556
Templeton Foreign Fund 1,411,662 569,041
MFS Emerging Growth Fund 5,684,897 2,012,664
Davis New York Venture Fund 8,204,376 3,561,101
Delaware Trend Fund 3,859,381 1,667,493
Pimco Total Return Fund 14,634 -
Merrill Lynch Equity Index Trust Fund 2,140,113 -
Federated High Income Bond Fund 10,642 -
MFS Utilities Fund 172,518 -
Massachusetts Investors Growth Fund 735,849 -
Massachusetts Investors Trust Fund 310,652 -
Merrill Lynch Healthcare Fund 376,113 -
Alliance Premier Growth Fund 1,817,301 -
Seligman Communications Fund 2,709,338 -
Davis Series Financial Fund 200,501 -
GAM International Fund 27,820 -
Pioneer Growth Shares Fund 951,250 -
Merrill Lynch Eurofund Fund 58,959 -
Trump Hotels & Casino Resorts, Inc. Common Stock 2,139,428 500,100
Merrill Lynch Retirement Preservation Trust Fund 2,822,390 1,356,306
Merrill Lynch Ready Assets Trust Fund 11,039,031 6,156,665
Participants' Loans Receivable 11,075,452 4,857,430
Other 77,836 (622,241)
Receivables-
Contributions receivable from Plan Sponsor - 475,386
Contributions receivable from Participants 587,460 469,480
------------ -----------
NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY $119,362,990 $51,189,452
============ ===========
The accompanying notes to financial statements are an integral part of these
statements.
2
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
STATEMENT OF CHANGES IN NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY
FOR THE YEAR ENDED DECEMBER 31, 1999
NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY, beginning of year $ 51,189,452
--------------
ADDITIONS:
Additions to net assets attributed to-
Contributions-
Participants 8,598,366
Plan Sponsor (net of forfeitures) 2,508,831
Participant Rollovers 72,870
--------------
Total contributions 11,180,067
--------------
Investment income-
Dividend income 4,949,141
Interest income 609,998
Realized/unrealized appreciation of investments 8,732,656
--------------
Total investment income 14,291,795
--------------
Merger from Trump Marina Hotel and Casino Savings Plan 46,629,284
Transfers from related plans 452,049
--------------
Total additions 72,553,195
--------------
DEDUCTIONS:
Deductions from net assets attributed to-
Distributions to participants 4,335,945
Administrative expenses 43,712
--------------
Total deductions 4,379,657
--------------
Net increase 68,173,538
--------------
NET ASSETS APPLICABLE TO PARTICIPANTS? EQUITY, end of year $119,362,990
==============
The accompanying notes to financial statements are an integral part of this
statement.
3
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999 AND 1998
1. SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
-------------------
Basis of Accounting
- -------------------
The accompanying financial statements of the Trump Capital Accumulation Plan
(formerly Trump Taj Mahal Hotel & Casino Savings Plan) (the "Plan") have been
prepared on the accrual basis of accounting.
Plan Expenses
- -------------
Expenses related to the administration of the Plan have been paid by Trump Taj
Mahal Associates (the "Plan Sponsor"). These costs represent trustee fees and
professional services and amounted to approximately $83,000 in 1999.
Investments
- -----------
The investments included in the statements of net assets applicable to
participants' equity are stated at market value. Market value, which is
equivalent to current value, is the unit valuation of the security at the plan
year-end as determined by Merrill Lynch Trust Company, the trustee of the Plan
(the "Trustee"). Accounting records are maintained on the accrual basis,
investment transactions are recorded on the trade date basis and gains and
losses are calculated based upon an aggregate participant cost that is
maintained on an average unit cost basis.
Use of Estimates
- ----------------
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amount of net assets and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ
from those estimates.
Risks and Uncertainties
- ------------------------
The Plan provides for various investment options in investment securities.
Investment securities are exposed to various risks, such as interest rate,
market and credit. Due to the level of risk associated with certain investment
securities and the level of uncertainty related to changes in the value of
investment securities, it is at least reasonably possible that changes in risks
in the near term could materially affect participant's account balances and the
amounts reported in the statements of net assets applicable to participants'
equity and the statement of changes in net assets applicable to participants'
equity.
2. PLAN DESCRIPTION
----------------
The following description of the Plan provides only general information.
Participants should refer to the Plan document for a more complete description
of the Plan's provisions.
4
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999 AND 1998
General
- -------
The Plan is a 401(k) Savings Plan, which was established by the Plan Sponsor and
became effective on January 1, 1989. All full or part-time non-union employees
become eligible for participation in the Plan on the enrollment date immediately
following the completion of 12 months of service and the attainment of age 18.
In addition, union employees covered by a collective bargaining agreement that
provides for participation in the Plan may enroll upon meeting the same
requirements as non-union employees. (Effective January 1, 2000, employees
become eligible for participation in the Plan immediately following the
completion of 12 months of service).
The Plan is administered by a committee appointed by the Plan Sponsor (the "Plan
Administrator"). Merrill Lynch Trust Company was appointed as the trustee of
the Plan by the Plan Administrator.
Contributions
- -------------
Participants
------------
Non-highly compensated participants, as defined, are eligible to voluntarily
contribute to the Plan up to 15% of their annual compensation (effective January
1, 1999, 20% of annual compensation), as defined. Highly compensated
participants, as defined, are eligible to voluntarily contribute to the Plan up
to 7% of their annual compensation, as defined. Tax deferred contributions are
subject to a limit by the Internal Revenue Code. The 1999 limit was $10,000 per
participant. Contributions to the Plan are invested by the Trustee, as
designated by the participant, in increments of 5%.
Plan Sponsor
------------
The Plan Sponsor contributes to the Plan 50% of each participant's
contributions, not to exceed 3% of the participant's annual compensation, as
defined.
Participant Rollovers
---------------------
The Plan permits eligible participants, as defined, to rollover cash or other
property acceptable to the Plan Administrator from another qualified plan in
addition to qualified voluntary participant contributions.
Distributions to Participants
- -----------------------------
Each participant has a fully vested interest in the amount of his or her
contributions together with the allocable Plan earnings. Contributions from the
Plan Sponsor vest based on the vesting schedule described below. The full value
of the participant's vested interest in his or her account in the Plan will be
distributed upon termination of the participant's employment. The normal form
of payment is by lump sum; however, if a participant's vested benefit from all
contributions exceeds $5,000, a participant has the right to receive payment in
equal periodic monthly, quarterly, semi-annual or annual installments over a
period not to exceed ten years.
A participant may also withdraw all or part of his or her account upon
attainment of age 59-1/2 or financial hardship, as defined in the Plan.
5
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999 AND 1998
Upon termination of employment prior to eligibility for retirement, a
participant is eligible to receive the vested balance in his or her account.
There were no payments due to participants who have requested to withdraw their
funds prior to December 31, 1999 or 1998.
Vesting
- -------
Voluntary contributions are fully vested at all times and are not subject to
forfeiture.
The Plan Sponsor's contributions vest based upon the participant's years of
continuous service as follows-
Years of Continuous Service Percentage Vested
--------------------------- -----------------
Less than two years 0%
Two years 25%
Three years 50%
Four years 75%
Five years or more 100%
Forfeitures
- -----------
The portion of a former participant's account which is not distributed because
of the vesting provision will reduce the amount of the Plan Sponsor's future
contributions. During 1999, $70,693 was used to reduce Plan Sponsor
contributions. As of December 31, 1999 and 1998, $107 and $28 were available to
reduce future Plan Sponsor contributions, respectively.
Loans
- -----
The Plan permits participants to borrow from their accounts at terms established
by the Plan Administrator. Participants may borrow up to the lesser of $50,000
or 50% of their vested account balance for specific reasons, as defined by the
Plan. Each loan is secured by the borrower's vested interest in the Plan and is
subject to other requirements, as defined. Interest on loans is charged at a
rate that is comparable to similar loans made by commercial lenders. Loans
outstanding as of December 31, 1999 had interest rates ranging from 8.75% to
9.50%. Loan repayment terms range up to five years (fifteen years if the loan
was used to purchase a primary residence). A small administrative fee is
required to process all loans.
3. INVESTMENTS
-----------
Participants can invest their funds in twenty-six available investment vehicles
as described below-
Mutual Funds
- ------------
Merrill Lynch Pacific Fund - An overseas fund investing in equities of
- ---------------------------
corporations based in the Far East and Western Pacific geographic regions. This
fund provides a long-term objective of capital appreciation.
Merrill Lynch Federal Securities Fund - A securities fund investing in United
- -------------------------------------
States Government agencies seeking a high current return.
Merrill Lynch Capital Fund - Mutual fund investing in equity securities of
- --------------------------
undervalued companies with the objective of seeking the highest total investment
return consistent with prudent risk.
6
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999 AND 1998
Merrill Lynch Basic Value Fund - Mutual fund investing in equity and debt
- ------------------------------
securities of companies with minimum financial benchmarks. This fund's
objective is to seek capital appreciation.
Merrill Lynch Growth Fund - Mutual fund investing in equity securities with the
- --------------------------
objective of capital appreciation.
Merrill Lynch Global Allocation Fund - Mutual fund investing in United States
- ------------------------------------
and foreign equity, debt and money market securities with the objective of
capital appreciation.
Templeton Foreign Fund - Mutual fund investing in virtually any type of security
- ----------------------
in any country outside of the United States, in developed or emerging markets.
The fund's objective is long-term capital growth.
MFS Emerging Growth Fund - Mutual fund investing in small and medium sized
- ------------------------
companies with growth rates expected to be well above the growth rate of the
overall economy and the rate of inflation.
Davis New York Venture Fund - Mutual fund investing primarily in equity
- ---------------------------
securities of United States and foreign companies with the objective of capital
appreciation.
Delaware Trend Fund - Mutual fund investing in securities of financially strong
- -------------------
companies with the objective of achieving a moderate return with limited risk.
Pimco Total Return Fund - An asset allocation mutual fund. The investment
- -----------------------
objective of this fund is to seek total return consistent with the preservation
of capital by investing in stocks, bonds and cash equivalents.
Merrill Lynch Equity Index Trust Fund - Mutual fund that seeks investment
- -------------------------------------
results that correspond with the price and yield performance of the Standard &
Poors 500 Index.
Federated High Income Bond Fund - Mutual fund which seeks high current income;
- -------------------------------
capital growth is secondary. Investments may include preferred stocks, bonds,
debentures and notes.
MFS Utilities Fund - Mutual fund investing in equity and debt securities issued
- ------------------
by domestic and foreign utility companies. The fund's objective is capital
appreciation and current income.
Massachusetts Investors Growth Fund - Mutual fund investing in common stocks or
- -----------------------------------
convertible securities issued by companies exhibiting above average prospects
for long-term growth. The fund's objective is long-term growth of capital and
future income, rather than current income.
Massachusetts Investors Trust Fund - A growth and income mutual fund. The
- ----------------------------------
investment objective of this fund is to provide reasonable current income and
long-term growth of capital and income.
Merrill Lynch Healthcare Fund - Mutual fund seeking long-term capital
- -----------------------------
appreciation. The fund invests in equities issued by companies producing
healthcare products and services, primarily in developed markets.
Alliance Premier Growth Fund - Mutual fund investing in equity securities with
- ----------------------------
the objective of long-term growth of capital.
Seligman Communications Fund - Mutual fund investing in common stock issued by
- ----------------------------
companies that operate in the communications, information and related industries
with the objective of capital appreciation.
7
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999 AND 1998
Davis Series Financial Fund - Mutual fund investing primarily in common stocks
- ---------------------------
and other equity securities, concentrated in the banking and financial services
industries with the objective of capital growth.
GAM International Fund - An equity mutual fund. The investment objective is
- ----------------------
long-term capital appreciation primarily through investing in equity markets
worldwide, excluding that of the United States.
Pioneer Growth Shares Fund - Mutual fund investing in common stocks and other
- ---------------------------
equity securities of U.S. companies. The fund's objective is to seek capital
appreciation.
Merrill Lynch Eurofund Fund - Mutual fund investing the majority of its assets
- ---------------------------
in European equities with the objective of capital appreciation.
Common Stock
- ------------
Trump Hotels & Casino Resorts, Inc. ("THCR") Common Stock - This is the common
- ---------------------------------------------------------
stock of the holding company that owns Trump Plaza Hotel & Casino, Trump Taj
Mahal Hotel & Casino, Trump Marina Hotel & Casino and Trump Indiana Inc.
Money Market Funds
- ------------------
Merrill Lynch Retirement Preservation Trust Fund - Fund investing in money
- ------------------------------------------------
market funds that seek the highest current income, consistent with liquidity and
stability of principal, but investing in short-term money market instruments.
Merrill Lynch Ready Assets Trust Fund - Fund investing in money market funds.
- -------------------------------------
4. TAX STATUS
----------
The Plan obtained its latest determination letter on February 18, 2000, which
covered all amendments through December 31, 1999, in which the Internal Revenue
Service stated that the Plan, as then designed, was in compliance with the
applicable requirements of the Internal Revenue Code.
5. PLAN TERMINATION
----------------
Effective August 31, 1999 the Plan was formed by the merger of the Trump Marina
Hotel & Casino Savings Plan into the Trump Taj Mahal Hotel & Casino Savings Plan
("Taj Plan"). The Taj Plan was renamed the Trump Capital Accumulation Plan.
While the Plan Sponsor has not expressed any intent to terminate the Plan, the
Plan Sponsor may do so at any time subject to the provisions of the Employee
Retirement Income Security Act of 1974. In the event of termination, each
participant is entitled to the value in his or her separate account.
6. RELATED PARTY
TRANSACTIONS
------------
Certain Plan investments are shares of mutual funds managed by Merrill Lynch.
Merrill Lynch Trust Company is the Trustee as defined by the Plan and,
therefore, these transactions qualify as party-in-interest.
8
TRUMP CAPITAL ACCUMULATION PLAN
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999 AND 1998
Certain Plan investments include shares of THCR common stock ("Common Stock")
and, therefore, these transactions qualify as party-in-interest. As of December
31, 1999 and 1998, the Plan holds Common Stock with a market value of $2,139,428
and $500,100, respectively. During the year ended December 31, 1999, Common
Stock was acquired at a cost of $1,984,536; and Common Stock was sold with an
original cost basis of $963,853.
The Plan Sponsor has sister companies that also sponsor similar Savings Plans.
Transactions between the Plan and plans sponsored by the sister companies during
1999 were as follows-
Transfers to the Trump Marina Hotel & Casino Savings Plan, net $ 111,948
Transfers to the Trump Plaza Hotel & Casino Savings Plan, net 318,535
Transfers to the Trump Capital Accumulation Plan, net 452,049
Transfers from the Trump Indiana Savings Plan, net (3,169)
Transfers from the Trump Savings Plan, net (879,363)
------------
Net Related Plan Transfers $ -
============
9
TRUMP CAPITAL ACCUMULATION PLAN SCHEDULE I
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1999
EMPLOYER IDENTIFICATION #22-3136368, PLAN NUMBER 001
(b) Identity of issue, (c) Description of investment including maturity date,
borrower, lessor or rate of interest, collateral, (e) Market
(a) similar party par or maturity value (d) Cost Value
- ---- --------------------- ------------------------------------------------------ --------- ---------
* Merrill Lynch Pacific Fund, Overseas Equity Securities, 340,612
units of participation $ 7,142,495 $11,281,054
* Merrill Lynch Federal Securities Fund, U. S. Government Agencies,
571,253 units of participation 5,495,379 5,324,076
* Merrill Lynch Capital Fund, Equity Securities, 446,240 units of
participation 14,127,616 14,310,921
* Merrill Lynch Basic Value Fund, Equity and Debt Securities, 588,654
units of participation 19,297,287 22,457,137
* Merrill Lynch Growth Fund, Equity Securities, 258,079 units of
participation 6,270,847 7,076,519
* Merrill Lynch Global Allocation Fund, U. S. and Foreign Equity and
Debt Securities, 177,295 units of participation 2,512,477 2,485,680
Templeton Funds, Inc. Templeton Foreign Fund, Foreign Equity and Debt
Securities, 125,817 units of participation 1,256,635 1,411,662
MFS Funds MFS Emerging Growth Fund, Equity Securities, 85,372
units of participation 3,694,549 5,684,897
Davis Funds, Inc. Davis New York Venture Fund, Foreign Equity
Securities, 285,270 units of participation 6,991,857 8,204,376
Delaware Group Delaware Trend Fund, Equity Securities, 155,557 units
of participation 2,816,948 3,859,381
Pimco Total Return Fund, Equity and Debt Securities, 1,478
units of participation 14,957 14,634
* Merrill Lynch Equity Index Trust Fund, Equity Securities,
21,147 units of participation 1,932,643 2,140,113
Federated High Income Bond Fund, Equity and Debt Securities,
1,016 units of participation 10,714 10,642
MFS Funds Utilities Fund, Equity and Debt Securities,
13,520 units of participation 156,966 172,518
Massachusetts Investors Growth Fund, Equity and Debt Securities, 36,195 units
of participation 646,933 735,849
10
TRUMP CAPITAL ACCUMULATION PLAN SCHEDULE I
(formerly Trump Taj Mahal Hotel & Casino Savings Plan) (Continued)
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1999
EMPLOYER IDENTIFICATION #22-3136368, PLAN NUMBER 001
(b) Identity of issue, (c) Description of investment including maturity date,
borrower, lessor or rate of interest, collateral, (e) Market
(a) similar party par or maturity value (d) Cost Value
- ---- ---------------------- -------------------------------------------------------- --------- -------------
Massachusetts Investors Trust Fund, Equity Securities,
14,828 units of participation $ 306,711 $ 310,652
* Merrill Lynch Healthcare Fund, Equity Securities,
60,566 units of participation 350,937 376,113
Alliance Premier Growth Fund, Equity Securities, 49,789
units of participation 1,670,743 1,817,301
Seligman Communications Fund, Equity Securities, 57,340
units of participation 2,262,785 2,709,338
Davis Funds, Inc. Davis Series Financial Fund, Equity Securities, 6,897
units of participation 207,663 200,501
GAM GAM International Fund, Equity Securities, 865
units of participation 23,450 27,820
Pioneer Growth Shares Fund, Equity Securities, 47,185
units of participation 1,035,055 951,250
* Merrill Lynch Eurofund Fund, Equity Securities, 3,946
units of participation 64,511 58,959
------------ ------------
Total investment in mutual funds 78,290,158 91,621,393
------------ ------------
** Trump Hotels & Casino
Resorts, Inc. Trump Hotels & Casino Resorts, Inc. Common
Stock, 633,905 shares 2,870,453 2,139,428
------------ ------------
* Merrill Lynch Retirement Preservation Trust Fund, Money
Market Funds, 2,822,390 units of
participation 2,822,390 2,822,390
* Merrill Lynch Ready Assets Trust Fund, Money Market
Funds, 11,039,031 units of participation 11,039,031 11,039,031
------------ ------------
Total investment in money market funds 13,861,421 13,861,421
------------ ------------
Participants' Loans Interest rates ranging from 8.75% to 9.50% and
maturities ranging from 2000 through 2014 11,075,452 11,075,452
------------ ------------
$106,097,485 $118,697,694
============ ============
*Denotes party-in-interest
**Denotes related party
The accompanying notes to financial statements are an integral part of this
schedule.
TRUMP CAPITAL ACCUMULATION PLAN SCHEDULE II
(formerly Trump Taj Mahal Hotel & Casino Savings Plan)
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1999 (A)
EMPLOYER IDENTIFICATION #22-3136368, PLAN NUMBER 001
(a) Identity of (b) Description of (c) Purchase (d) Selling (g) Cost of (h) Current Value of Asset
Party Involved Asset Price Price Asset on Transaction Date (i) Net Gain (Loss)
- ------------------- ------------------- ----------- ---------- ----------- -------------------------- ------------------
Merrill Lynch Pacific Fund-
572 Purchases $3,637,035 N/A $3,637,035 $3,637,035 N/A
676 Sales N/A $3,146,963 2,933,530 3,146,963 $ 213,432
Merrill Lynch Federal Securities
Fund-
450 Purchases 1,388,731 N/A 1,388,731 1,388,731 N/A
628 Sales N/A 1,320,192 1,343,063 1,320,192 (22,871)
Merrill Lynch Capital Fund-
543 Purchases 3,659,628 N/A 3,659,628 3,659,628 N/A
738 Sales N/A 3,490,260 3,233,742 3,490,260 256,517
Merrill Lynch Basic Value Fund-
630 Purchases 5,600,245 N/A 5,600,245 5,600,245 N/A
748 Sales N/A 5,269,837 4,571,567 5,269,837 698,270
Merrill Lynch Growth Fund-
524 Purchases 2,183,822 N/A 2,183,822 2,183,822 N/A
687 Sales N/A 2,757,320 3,032,995 2,757,320 (275,675)
MFS Funds MFS Emerging Growth
Fund-
556 Purchases 2,416,650 N/A 2,416,650 2,416,650 N/A
605 Sales N/A 1,767,326 1,604,107 1,767,326 163,218
Davis Funds, Inc. Davis New York
Venture Fund-
596 Purchases 3,162,723 N/A 3,162,723 3,162,723 N/A
640 Sales N/A 2,787,881 2,514,350 2,787,881 273,531
Merrill Lynch Equity Index Trust-
274 Purchases 2,212,094 N/A 2,212,094 2,212,094 N/A
167 Sales N/A 641,477 633,456 641,477 8,021
Seligman Communications
Fund-
290 Purchases 2,346,523 N/A 2,346,523 2,346,523 N/A
115 Sales N/A 307,840 288,404 307,840 19,435
Trump Hotels & Casino
Resorts, Inc. Common Stock-
335 Purchases 1,984,536 N/A 1,984,536 1,984,536 N/A
208 Sales N/A 994,586 963,853 994,586 30,733
Merrill Lynch Retirement
Preservation
Trust Fund-
447 Purchases 2,627,655 N/A 2,627,655 2,627,655 N/A
399 Sales N/A 2,177,265 2,177,265 2,177,265 -
Merrill Lynch Ready Assets
Trust Fund-
852 Purchases 6,039,040 N/A 6,039,040 6,039,040 N/A
659 Sales N/A 5,848,701 5,848,701 5,848,701 -
Merrill Lynch Loan Fund-
244 Purchases 5,490,764 N/A 5,450,764 5,450,764 N/A
185 Sales N/A 3,879,562 3,879,562 3,879,562 -
(A) Reportable transactions are those purchases and sales of the same security
which, individually or in the aggregate, exceed 5% of Plan assets at
January 1, 1999.
The accompanying notes to financial statements are an integral part of this
schedule.