EXHIBIT 25.3
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
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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)_____
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THE FIRST NATIONAL BANK OF CHICAGO
(Exact name of trustee as specified in its charter)
A National Banking Association 36-0899825
(I.R.S. employer
identification number)
One First National Plaza, Chicago, Illinois 60670-0126
(Address of principal executive offices) (Zip Code)
The First National Bank of Chicago
One First National Plaza, Suite 0286
Chicago, Illinois 60670-0286
Attn: Lynn A. Goldstein, Law Department (312) 732-6919
(Name, address and telephone number of agent for service)
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TIME WARNER CAPITAL II
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of To be applied for
incorporation or organization) (IRS Employer Identification No.)
75 Rockefeller Plaza
New York, New York 10019
(Address of Principal Executive Offices) (Zip Code)
Preferred Trust Securities
(Title of the indenture securities)
Item 1. General Information. Furnish the following information as to the
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trustee:
(a) Name and address of each examining or supervision authority to which it
is subject.
Comptroller of Currency, Washington, D. C., 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.
The trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF THE
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TRUSTEE, DESCRIBE EACH SUCH AFFILIATION.
No such affiliation exists with the trustee.
ITEM 16. LIST OF EXHIBITS. LIST BELOW ALL EXHIBITS FILED AS A PART OF THIS
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STATEMENT OF ELIGIBILITY.
1. A copy of the articles of association of the trustee now in effect.*
2. A copy of the certificates of authority of the trustee to commence
business.*
3. A copy of the authorization of the trustee to exercise corporate trust
powers.*
4. A copy of the existing by-laws of the trustee.*
5. Not applicable.
6. The consent of the trustee required by Section 321(b) of the Act.
7. A copy of the latest report of condition of the trustee published
pursuant to law or the requirements of its supervising or examining authority.
8. Not applicable.
9. Not applicable.
* EXHIBIT 1,2,3 AND 4 ARE HEREIN INCORPORATED BY REFERENCE TO EXHIBITS BEARING
IDENTICAL NUMBERS IN ITEM 12 OF THE FORM T-1 OF THE FIRST NATIONAL BANK OF
CHICAGO, FILED AS EXHIBIT 26 TO THE REGISTRATION STATEMENT ON FORM S-3 OF THE
CIT GROUP HOLDINGS, INC., FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON
FEBRUARY 16, 1993 (REGISTRATION NO. 33-58418).
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the
trustee, The First National Bank of Chicago, a national banking association
organized and existing under the laws of the United States of America, has duly
caused this Statement of Eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City of New York in the State
of New York, on the 1st day of August, 1995.
The First National Bank of Chicago,
Trustee,
MELISSA G. WEISMAN
By:__________________________________________________
Melissa G. Weisman
Assistant Vice President
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
August 1, 1995
Securities and Exchange Commission
Washington, D. C. 20549
Gentlemen:
In connection with the qualification of an Amended and Restated Declaration of
Trust of Time Warner Capital II, the undersigned, in accordance with Section
321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the
reports of examinations of the undersigned, made by Federal or State Authorities
authorized to make such examinations, may be furnished by such authorities to
the Securities and Exchange Commission upon its request therefor.
Very truly yours,
THE FIRST NATIONAL BANK OF CHICAGO
By: MELISSA G. WEISMAN
________________________________
Melissa G. Weisman
Assistant Vice President
EXHIBIT 7
A copy of the latest report of condition of the trustee published pursuant
to law or the requirements of its supervising or examining authority.
Legal Title of Bank: The First National Bank of Chicago Call Date: 3/31/95 ST-BK: 17-1630 FFIEC 031
Address: One First National Plaza, Suite 0460 Page RC-1
City, State Zip: Chicago, IL 60670-0460
FDIC Certificate No.: 0/3/6/1/8
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR MARCH 31, 1995
All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount
outstanding of the last business day of the quarter.
SCHEDULE RC--BALANCE SHEET
C400
DOLLAR AMOUNTS IN -----------
THOUSANDS RCFD BIL MIL THOU
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A):
a. Noninterest-bearing balances and currency and coin(1) ................. 0081 2,948,128 1.a.
b. Interest-bearing balances(2)........................................... 0071 8,482,108 1.b.
2. Securities
a. Held-to-maturity securities(from Schedule RC-B, column A).............. 1754 167,911 2.a.
b. Available-for-sale securities (from Schedule RC-B, column D)........... 1773 540,011 2.b.
3. Federal funds sold and securities purchased under agreements to
resell in domestic offices of the bank and its Edge and Agreement
subsidiaries, and in IBFs:
a. Federal Funds sold..................................................... 0276 2,508,883 3.a.
b. Securities purchased under agreements to resell 0277 1,422,695 3.b.
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income (from Schedule RC-C).......... RCFD 2122 16,238,310 4.a.
b. LESS: Allowance for loan and lease losses.............................. RCFD 3123 358,207 4.b.
c. LESS: Allocated transfer risk reserve....................... RCFD 3128 0 4.c.
d. Loans and leases, net of unearned income, allowance, and
reserve (item 4.a minus 4.b and 4.c)................................... 2125 15,880,103 4.d.
5. Assets held in trading accounts........................................... 3545 13,257,798 5.
6. Premises and fixed assets (including capitalized leases).................. 2145 516,827 6.
7. Other real estate owned (from Schedule RC-M).............................. 2150 13,166 7.
8. Investments in unconsolidated subsidiaries and associated
companies (from Schedule RC-M)............................................ 2130 10,363 8.
9. Customers' liability to this bank on acceptances outstanding.............. 2155 463,961 9.
10.Intangible assets (from Schedule RC-M).................................... 2143 119,715 10.
11.Other assets (from Schedule RC-F)......................................... 2160 1,346,941 11.
12.Total assets (sum of items 1 through 11).................................. 2170 47,678,610 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held in trading accounts.
Legal Title of Bank: The First National Bank of Chicago Call Date: 3/31/95 ST-BK: 17-1630 FFIEC 031
Address: One First National Plaza, Suite 0460 Page RC-2
City, State Zip: Chicago, IL 60670-0460
FDIC Certificate No.: 0/3/6/1/8
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SCHEDULE RC-CONTINUED
DOLLAR AMOUNTS IN
THOUSANDS BIL MIL THOU
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LIABILITIES
13.Deposits:
a. In domestic offices (sum of totals of columns A and C
from Schedule RC-E, part 1)............................... RCON 2200 14,675,401 13.a.
(1) Noninterest-bearing(1)................................ RCON 6631 5,498,690 13.a.(1)
(2) Interest-bearing...................................... RCON 6636 9,176,711 13.a.(2)
b. In foreign offices, Edge and Agreement subsidiaries, and
IBFs (from Schedule RC-E, part II)........................ RCFN 2200 11,809,645 13.b.
(1) Noninterest bearing................................... RCFN 6631 304,669 13.b.(1)
(2) Interest-bearing...................................... RCFN 6636 11,504,976 13.b.(2)
14.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 IBFs:
a. Federal funds purchased................................... RCFD 0278 2,072,830 14.a.
b. Securities sold under agreements to repurchase............ RCFD 0279 1,484,164 14.b.
15.a. Demand notes issued to the U.S. Treasury.................. RCON 2840 103,138 15.a.
b. Trading Liabilities....................................... RCFD 3548 9,101,186 15.b.
16.Other borrowed money:
a. With original maturity of one year or less................ RCFD 2332 2,307,860 16.a.
b. With original maturity of more than one year............. RCFD 2333 506,476 16.b.
17. Mortgage indebtedness and obligations under capitalized
leases....................................................... RCFD 2910 278,108 17.
18.Bank's liability on acceptance executed and outstanding...... RCFD 2920 463,961 18.
19.Subordinated notes and debentures............................ RCFD 3200 1,225,000 19.
20.Other liabilities (from Schedule RC-G)....................... RCFD 2930 699,375 20.
21.Total liabilities (sum of items 13 through 20)............... RCFD 2948 44,727,144 21.
22.Limited-Life preferred stock and related surplus............. RCFD 3282 0 22.
EQUITY CAPITAL
23.Perpetual preferred stock and related surplus................ RCFD 3838 0 23.
24.Common stock................................................. RCFD 3230 200,858 24.
25.Surplus (exclude all surplus related to preferred stock)..... RCFD 3839 2,304,657 25.
26. a. Undivided profits and capital reserves................... RCFD 3632 447,916 26.a.
b. Net unrealized holding gains (losses) on
available-for-sale securities............................ RCFD 8434 [2,165) 26.b.
27.Cumulative foreign currency translation adjustments.......... RCFD 3284 200 27.
28.Total equity capital (sum of items 23 through 27)............ RCFD 3210 2,951,466 28.
29.Total liabilities, limited-life preferred stock, and equity
capital (sum of items 21, 22, and 28)........................ RCFD 3300 47,678,610 29.
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of the statement
below that best describes the most comprehensive level of
auditing work performed for the bank by independent external Number
auditors as of any date during 1993.......................... RCFD 6724 N/A M.1.
1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm which
submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified public
accounting firm which submits a report on the consolidated holding company
(but not on the bank separately)
3 = Directors' examination of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
4.= Directors' examination of the bank performed by other external auditors (may
be required by state chartering authority)
5 = Review of the bank's financial statements by external auditors
6 = Compilation of the bank's financial statements by external auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.