1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
_____________________
FORM 11-K
_____________________
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 1995
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ________ to ________
Commission file number 1-3863
A. Full title of the plan and the address of the plan, if different
from that of the issuer named below:
Harris Corporation Retirement Plan
Harris Corporation Union Retirement Plan
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Harris Corporation
1025 W. NASA Blvd.
Melbourne, Florida 32919
2
HARRIS CORPORATION
RETIREMENT PLAN MASTER TRUST
Financial Statements
and Supplementary Information
June 30, 1995 and 1994
3
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Table of Contents
June 30, 1995 and 1994 PAGE
- ----------------------------------------------------------------------------
INDEPENDENT AUDITOR'S REPORT 1
FINANCIAL STATEMENTS:
Statements of Net Assets Available for Plan Benefits 2-5
Statements of Changes in Net Assets Available for Plan Benefits 6-9
Notes to Financial Statements 10-14
SUPPLEMENTARY INFORMATION:
Schedule of Assets Held for Investment Purposes 15-44
Schedule of Assets Held for Investment Purposes Which Were Both
Acquired and Disposed of Within the Plan Year 45-47
Transactions or Series of Transactions in Excess of Five Percent
of the Current Value of Plan Assets
48
- ----------------------------------------------------------------------------
4
INDEPENDENT AUDITOR'S REPORT
Investment Committee
Harris Corporation Retirement Plan
Melbourne, Florida
We have audited the accompanying statement of net assets available for plan
benefits of the Harris Corporation Retirement Plan Master Trust (the "Master
Trust") as of June 30, 1995, and the related statement of changes in net assets
available for plan benefits for the year then ended. These financial
statements are the responsibility of the Master Trust's management. Our
responsibility is to express an opinion on these financial statements based on
our audits. The Master Trust's financial statements as of June 30, 1994 were
audited by other auditors whose report dated September 30, 1994, expressed an
unqualified opinion on those statements.
We conducted our audit in accordance with generally accepted auditing
standards. 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 audit provides a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Master
Trust at June 30, 1995, and the changes in its net assets available for plan
benefits for the year then ended, in conformity with generally accepted
accounting principles.
Our audit was made for the purpose of forming an opinion on the financial
statements taken as a whole. The accompanying supplemental schedules on pages
15 - 48 as of and for the year ended June 30, 1995 are presented for purposes
of complying with the Department of Labor's Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act of 1974, and
are not a required part of the financial statements. The supplemental
schedules have been subjected to the auditing procedures applied in our audit
of the 1995 financial statements and, in our opinion, are fairly stated in all
material respects in relation to the 1995 financial statements taken as a
whole.
BRAY, BECK & KOETTER
Melbourne, Florida
December 1, 1995
1
- --------------------------------------------------------------------------------
5
FINANCIAL STATEMENTS
6
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Statements of Net Assets Available for Plan Benefits
June 30, 1995 and 1994
- ---------------------------------------------------------------------------------------------------------
June 30, 1995
------------------------------------------------------------------
Money Equity
Balanced Short-Term Market Income
Fund Bond Fund Fund Fund
----------------- --------------------------- ----------------
ASSETS
INVESTMENTS (NOTE 3):
U.S. Government securities $170,520,771 $ 74,578,413 $ 11,378,698 -
Corporate debt securities 72,297,546 45,959,648 - -
Corporate preferred and
common stock 288,605,415 - - 193,232,584
Wells Fargo Bank Index Fund 88,461,719 - - -
J.P. Morgan commingled real
estate fund 26,304,218 - - -
Participant loans - - - -
Unallocated insurance contracts - - - -
-------------- -------------- ------------- --------------
Total investments 646,189,669 120,538,061 11,378,698 193,232,584
RECEIVABLES:
Employee contributions 560,391 - - -
Employer contributions 23,191,104 - - -
Securities sold - - - -
Accrued interest and dividends 3,906,482 1,429,652 59,034 -
-------------- -------------- ------------- --------------
Total receivables 27,657,977 1,429,652 59,034 -
CASH AND CASH EQUIVALENTS (NOTE 2) 39,459,880 555,457 2,587,164 555
-------------- -------------- ------------- --------------
Total assets 713,307,526 122,523,170 14,024,896 193,233,139
LIABILITIES
Accrued expenses 288,550 - - -
Securities purchased 10,186,939 3,011,302 - -
-------------- -------------- ------------- --------------
Total liabilities 10,475,489 3,011,302 - -
-------------- -------------- ------------- --------------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS $702,832,037 $119,511,868 $ 14,024,896 $193,233,139
============ ============ ============ ============
See accompanying notes to financial statements. 2
- --------------------------------------------------------------------------------
7
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
Equity Stable Harris
Index Value Growth Corporation Loan
Fund Fund Fund Stock Fund Fund Total
- -------------------------------- ---------------- ------------------------------------------------
$ - $ - $ $ - $ - $ 256,477,882
- - - - - 118,257,194
- - 87,249,847 6,826,009 - 575,913,855
90,306,925 - - - - 178,768,644
- - - - - 26,304,218
- - - - 38,789,231 38,789,231
- 213,703,017 - - - 213,703,017
------------- ------------- ------------- ------------ ------------ --------------
90,306,925 213,703,017 87,249,847 6,826,009 38,789,231 1,408,214,041
- - - - - 560,391
- - - - - 23,191,104
- 78,743 - - - 78,743
115,837 1,134,660 307 585 - 6,646,557
------------- ------------- ------------- ------------ ------------ --------------
115,837 1,213,403 307 585 - 30,476,795
1,116,311 10,612,606 - 355,626 - 54,687,599
------------- ------------- ------------- ------------ ------------ --------------
91,539,073 225,529,026 87,250,154 7,182,220 38,789,231 1,493,378,435
112,178 - - - - 400,728
- - - - - 13,198,241
------------- ------------- ------------- ------------ ------------ --------------
112,178 - - - - 13,598,969
------------- ------------- ------------- ------------ ------------ --------------
$ 91,426,895 $ 225,529,026 $ 87,250,154 $ 7,182,220 $ 38,789,231 $1,479,779,466
============= ============= ============= ============ ============ ==============
Continued 3
- -------------------------------------------------------------------------------
8
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Statements of Net Assets Available for Plan Benefits
June 30, 1995 and 1994
- -------------------------------------------------------------------------------
June 30, 1994
--------------------------------------------------
Money Equity
Balanced Short-Term Market Income
Fund Bond Fund Fund Fund
------------ ------------ ------------ ------------
ASSETS
INVESTMENTS (NOTE 3):
U.S. Government securities $153,920,234 $ 64,508,208 $ 990,447 -
Corporate debt securities 92,953,883 54,863,153 7,841,155 -
Corporate preferred and
common stock 247,917,667 - - 147,722,780
Wells Fargo Bank Index Fund 69,256,443 - - -
J.P. Morgan commingled real
estate fund 24,448,259 - - -
Participant loans - - - -
Unallocated insurance contracts - - - -
------------ ------------ ------------ ------------
Total investments 588,496,486 119,371,361 8,831,602 147,722,780
RECEIVABLES:
Employee contributions - - - -
Employer contributions 20,618,310 - - -
Accrued interest and dividends 3,800,669 1,044,240 24,704 -
------------ ------------ ------------ ------------
Total receivables 24,418,979 1,044,240 24,704 -
CASH AND CASH EQUIVALENTS (NOTE 2) 36,048,370 4,274,456 2,302,836 -
------------ ------------ ------------ ------------
Total assets 648,963,835 124,690,057 11,159,142 147,722,780
LIABILITIES
Accrued expenses - - - -
Securities purchased - - - -
------------ ------------ ------------ ------------
Total liabilities - - - -
------------ ------------ ------------ ------------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS $648,963,835 $124,690,057 $ 11,159,142 $147,722,780
============ ============ ============ ============
See accompanying notes to financial statements. 4
- -------------------------------------------------------------------------------
9
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
Equity Stable Harris
Index Value Growth Corporation Loan
Fund Fund Fund Stock Fund Fund Total
------------- ------------ ------------ ------------ ------------ -------------
$ - $ - $ - $ - $ - $ 219,418,889
- - - - - 155,658,191
- - 71,237,273 2,001,242 - 468,878,962
71,332,104 - - - - 140,588,547
- - - - - 24,448,259
- - - - 40,405,954 40,405,954
- 194,629,252 - - - 194,629,252
------------- ------------ ------------ ------------ ------------ -------------
71,332,104 194,629,252 71,237,273 2,001,242 40,405,954 1,244,028,054
- - - - - 20,618,310
- - - - - -
- 23,434 - 1,919 - 4,894,966
------------- ------------ ------------ ------------ ------------ -------------
- 23,434 - 1,919 - 25,513,276
1 1,666,512 - 10,727 - 44,302,902
------------- ------------ ------------ ------------ ------------ -------------
71,332,105 196,319,198 71,237,273 2,013,888 40,405,954 1,313,844,232
- - - - - -
- - - - - -
------------- ------------ ------------ ------------ ------------ -------------
- - - - - -
------------- ------------ ------------ ------------ ------------ -------------
$ 71,332,105 $196,319,198 $ 71,237,273 $ 2,013,888 $ 40,405,954 $1,313,844,232
============= ============ ============ ============= ============ ==============
5
- ------------------------------------------------------------------------------
10
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Statements of Changes in Net Assets Available for Plan Benefits
Years Ended June 30, 1995 and 1994
- ------------------------------------------------------------------------------
Year Ended June 30, 1995
--------------------------------------------------------------
Money Equity
Balanced Short-Term Market Income
Fund Bond Fund Fund Fund
------------- ------------ ------------ ------------
INCREASES:
Investment income $ 25,569,604 $ 7,012,462 $ 739,174 $ 13,990,071
Cash contributions from Harris
Corporation under profit-
sharing program 23,191,104 - - -
Cash contributions under
deferred income program:
From Harris Corporation 8,491,441 4,455,084 537,288 5,981,839
From plan participants 13,479,532 4,902,368 685,526 8,381,860
------------- -------------- -------------- --------------
70,731,681 16,369,914 1,961,988 28,353,770
NET PARTICIPANTS' TRANSFERS
BETWEEN FUNDS (34,399,458) (12,746,004) 7,485,141 16,797,153
DECREASES:
Benefits paid directly to
participants 42,203,741 8,246,654 2,179,275 12,618,623
Transfers to trustees of other plans 15,180,189 2,545,914 4,364,823 5,948,064
Administrative expenses 2,475,185 327,274 29,475 57,946
------------- ------------ ------------ ------------
59,859,115 11,119,842 6,573,573 18,624,633
NET (DEPRECIATION) APPRECIATION
IN FAIR VALUE OF INVESTMENTS
(NOTE 3) 77,395,094 2,317,743 (7,802) 18,984,069
------------- ------------ ------------ ------------
NET INCREASE (DECREASE) IN NET
ASSETS AVAILABLE FOR PLAN
BENEFITS 53,868,202 (5,178,189) 2,865,754 45,510,359
Net assets available for Plan benefits,
at beginning of year 648,963,835 124,690,057 11,159,142 147,722,780
------------- ------------ ------------ ------------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, AT END OF YEAR $702,832,037 $119,511,868 $ 14,024,896 $193,233,139
============ ============ ============ ============
See accompanying notes to financial statements. 6
- ------------------------------------------------------------------------------
11
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
Equity Stable Harris
Index Value Growth Corporation Loan
Fund Fund Fund Stock Fund Fund Total
------------- ------------ ------------ ------------ ------------ -------------
$ 2,109,087 $ 13,289,067 $ 172,348 $ 132,342 $ 1,967,310 $ 64,981,465
- - - - - 23,191,104
3,306,796 5,561,009 4,175,144 2,872,061 - 35,380,662
4,495,974 7,485,870 5,977,892 1,416,366 - 46,825,388
------------- ------------ ------------ ------------ ------------ -------------
9,911,857 26,335,946 10,325,384 4,420,769 1,967,310 170,378,619
(177,699) 28,278,556 (5,002,855) - (234,834) -
4,111,352 22,535,120 4,152,906 154,761 3,349,199 99,551,631
1,779,917 2,582,952 2,294,962 86,487 - 34,783,308
75,032 286,602 35,906 20 - 3,287,440
------------- ------------ ------------ ------------ ------------ -------------
5,966,301 25,404,674 6,483,774 241,268 3,349,199 137,622,379
16,326,933 - 17,174,126 988,831 - 133,178,994
------------- ------------ ------------ ------------ ------------ -------------
20,094,790 29,209,828 16,012,881 5,168,332 (1,616,723) 165,935,234
71,332,105 196,319,198 71,237,273 2,013,888 40,405,954 1,313,844,232
------------ ------------- ------------ ------------ ------------- --------------
$ 91,426,895 $ 225,529,026 $ 87,250,154 $ 7,182,220 $ 38,789,231 $1,479,779,466
============ ============= ============ =========== ============ ==============
Continued 7
- --------------------------------------------------------------------------------
12
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Statements of Changes in Net Assets Available for Plan Benefits
Years Ended June 30, 1995 and 1994
Year Ended June 30, 1994
---------------------------------------------------------------
Money Equity
Balanced Short-Term Market Income
Fund Bond Fund Fund Fund
--------------- ------------- -------------- -------------
INCREASES:
Investment income $ 23,873,300 $ 7,358,542 $ 297,280 $ 4,528,658
Cash contributions from Harris
Corporation under profit-
sharing program 20,618,310 - - -
Cash contributions from Harris
Corporation and participants
under deferred income program 26,534,131 12,413,194 1,058,110 13,671,898
------------ ------------ -------------- ------------
71,025,741 19,771,736 1,355,390 18,200,556
NET PARTICIPANTS' TRANSFERS
BETWEEN FUNDS (1,609,830) (20,832,105) 3,239,086 15,417,076
DECREASES:
Benefits paid directly to
participants 24,610,515 8,247,658 915,342 5,858,835
Administrative expenses 2,336,306 401,424 9,295 41,873
------------ ------------ -------------- ------------
26,946,821 8,649,082 924,637 5,900,708
NET (DEPRECIATION) APPRECIATION
IN FAIR VALUE OF INVESTMENTS
(NOTE 3) (10,790,866) (5,669,782) - 2,115,772
------------ ------------ -------------- ------------
NET INCREASE (DECREASE) IN NET
ASSETS AVAILABLE FOR PLAN
BENEFITS 31,678,224 (15,379,233) 3,669,839 29,832,696
Net assets available for Plan
benefits, at beginning of year 617,285,611 140,069,290 7,489,303 117,890,084
------------ ------------ -------------- ------------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, AT END OF YEAR $648,963,835 $124,690,057 $ 11,159,142 $147,722,780
============ ============ ============= ============
See accompanying notes to financial statements. 8
- -------------------------------------------------------------------------------
13
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
Equity Stable Harris
Index Value Growth Corporation Loan
Fund Fund Fund Stock Fund Fund Total
------------- ------------ ------------ ------------ ------------ -------------
$ 2,002,631 $ 12,531,062 $ 70,277 $ 20,224 $ 2,352,520 $ 53,034,494
- - - - - 20,618,310
8,354,985 13,382,878 10,082,250 2,117,144 - 87,614,590
------------- ------------ ------------ ------------ ------------ -------------
10,357,616 25,913,940 10,152,527 2,137,368 2,352,520 161,267,394
(82,615) (48,414) (3,945,864) - 7,862,666 -
2,823,397 12,239,383 2,664,342 10,910 1,523,013 58,893,395
75,194 254,795 30,245 1 - 3,149,133
------------- ------------ ------------ ------------ ------------ -------------
2,898,591 12,494,178 2,694,587 10,911 1,523,013 62,042,528
(1,215,549) - (2,537,938) (112,569) - (18,210,932)
------------- ------------ ------------ ------------ ------------ -------------
6,160,861 13,371,348 974,138 2,013,888 8,692,173 81,013,934
65,171,244 182,947,850 70,263,135 - 31,713,781 1,232,830,298
------------- ------------ ------------ ------------ ------------ -------------
$ 71,332,105 $196,319,198 $ 71,237,273 $ 2,013,888 $ 40,405,954 $1,313,844,232
============= ============ ============ ============= ============= ==============
9
- --------------------------------------------------------------------------------
14
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Notes to Financial Statements
June 30, 1995 and 1994
- -------------------------------------------------------------------------------
1. DESCRIPTION OF THE PLAN AND SIGNIFICANT ACCOUNTING POLICIES
The Harris Corporation (the "Corporation") Retirement Plan Master Trust
(the "Master Trust") includes the Harris Corporation Retirement Plan and
the Harris Corporation Union Plan (the "Plans"). The Harris Corporation
Union Plan includes all domestic employees covered by a collective
bargaining agreement who have completed one year of credited service. The
Harris Corporation Retirement Plan includes substantially all other
domestic employees who have completed one year of credited service and who
are not covered by a defined benefit plan.
At June 30, 1994 the Master Trust included the Revised Harris Corporation
Retirement Plan, the Harris Corporation Union Plan, the Harris Savings
Plan and the Harris Tax Deferred Savings Plan. During 1994, the Revised
Harris Corporation Retirement Plan, the Harris Savings Plan and the Harris
Tax Deferred Savings Plan were merged into one plan, the Harris
Corporation Retirement Plan. The Harris Savings Plan included all
domestic employees of Allied Broadcast Equipment Corporation who attained
age twenty-one and completed one year of credited service. The Harris Tax
Deferred Savings Plan included all domestic employees of Harris Technical
Services Corporation who attained age twenty-one and who completed one
year of credited service.
The Harris Corporation Retirement Plan and the Harris Corporation Union
Plan share a common Profit-Sharing Program and Deferred Income Savings
Program. The Corporation's annual contribution to the Balanced Fund under
the Profit-Sharing Program is equal to 11.5% of the Corporation's adjusted
and consolidated net income as defined under the plan documents, plus any
discretionary amount determined by the Board of Directors of the
Corporation. The Profit-Sharing contribution is allocated, in the
subsequent Plan year, among participating employees' individual account
balances based on eligible compensation. The Deferred Income Savings
Program was designed to take advantage of Internal Revenue Code Section
401(k). Under the Deferred Income Savings Program, participants may
contribute up to 12% of their regular eligible compensation to the Plan in
1% increments. The contributions can be in pre-tax or after-tax dollars
at the participant's election. The employer contributes a matching amount
equal to 100% of the participant's contributions, to a maximum of 6% of
eligible compensation.
Distributions from the Plans can be made in the event of death,
disability, termination of employment or financial hardship.
The loan program permits employees to borrow against their 401(k) plan
contributions. Employees may borrow in increments of $100 from a minimum
of $500 to a maximum of $50,000, within certain limitations established by
the Plans. Payback periods range from one to 4 1/2 years at the option
of the participant. Interest rates are established by the Corporation
based on market rates. The outstanding loans have been established as a
separate fund. Principal and interest paid on the loans are allocated to
the funds consistent with the allocation of their 401(k) plan
contributions.
10
- -------------------------------------------------------------------------------
15
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Notes to Financial Statements
June 30, 1995 and 1994
- -------------------------------------------------------------------------------
1. DESCRIPTION OF THE PLAN AND SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
A participant's right to profit-sharing funds and employer matched
deferred income contributions becomes vested using a formula based upon
service, with 30% vesting after three years of credited service, an
additional 10% vesting for the fourth year, and an additional 20% vesting
for each of the three following years of credited service. At the time of
retirement, death, or termination of employment, a participant's vested
share of the Plans assets, net of any participant loans outstanding,
becomes distributable in a lump-sum payment or through installments over
a period of time as requested by the participant and approved by the
Corporate Administrative Committee.
A participant who terminates employment for reasons other than retirement
or other specified circumstances and is not 100% vested, will forfeit the
non-vested portion of the Corporation's contributions unless the
participant returns to employment within one year. The forfeited
contributions reduce the cash contributions from the Corporation.
In the event of termination, the net assets of the Plans are to be
converted into cash and distributed in a lump sum to each participant or
beneficiary of a deceased participant based upon their beneficial interest
in the Plans, net of any participant loans outstanding.
Upon enrollment into the Plans, a participant may direct employer and
employee contributions in any of eight investment options. The investment
options are fully described in the "Employer Summary Plan Description".
Elections to change funds can be made once every month; however, amounts
in the Stable Value Fund, which is comprised of unallocated insurance
contracts, cannot be transferred directly to the Short-Term Bond Fund or
the Money Market Fund.
The accounting records of the Plans are maintained on the accrual basis.
Investments in securities are stated at fair values as determined by
quoted market prices, when available. Investments for which a quoted
market value is not available are stated at fair values reported by the
trustee or investee company. Investments in unallocated insurance
contracts are stated at contract value. Participant loans are stated at
cost.
The net appreciation (depreciation) in fair value of investments reflected
in the statements of changes in assets available for plan benefits
represents the sum of the unrealized appreciation or depreciation in
aggregate fair value of investments and the realized gain or loss on sale
of investments.
Unless otherwise elected by Harris Corporation, all ordinary and
extraordinary charges and expenses incurred by the Trustee in connection
with the administration of the Plans are paid by the Trustee from the
assets of the Trust fund. In both fiscal 1995 and 1994, Harris
Corporation elected to pay administrative expenses such as legal fees, tax
counsel and accounting fees. Trustee investment manager fees and certain
administrative expenses were paid by the Plans.
11
- -------------------------------------------------------------------------------
16
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Notes to Financial Statements
June 30, 1995 and 1994
- -------------------------------------------------------------------------------
2. TRANSACTIONS WITH PARTIES-IN-INTEREST
Under Department of Labor regulations for reporting and disclosure, an
employee benefit plan such as the Harris Corporation Retirement Plan and
the Harris Corporation Union Plan is required to report investment
transactions and compensation paid to a "party-in-interest".
The term "party-in-interest" is broadly defined but would include Harris
Corporation as the Plan Sponsor; Bankers Trust Company as Trustee; Mellon
Trust (formerly Boston Safe Deposit and Trust Company), Boston,
Massachusetts as former Trustee; and any person or corporation that
renders services to the Plan.
Included in cash and cash equivalents at June 30, 1995 are 47,470,654
shares of BT Pyramid Directed Account Cash Fund, with a fair value of
$47,470,654 and at June 30, 1994, are 21,330,292 shares of The Boston
Company Pooled Employee Daily Liquidity Fund with a fair value of
$21,330,292. During the years ended June 30, 1995 and 1994, the Plan
earned $6,383,276 and $965,564, respectively, in interest from these
funds.
During 1994, the Plans added a new investment option, the Harris
Corporation Stock Fund, which invests in Harris Corporation common stock.
Included in corporate preferred and common stock at June 30, 1995 and 1994
are 132,223 and 45,354 shares, respectively, of the Harris Corporation.
3. INVESTMENTS
The Plans' investments are held by a bank-administered trust fund.
Net Appreciation (Depreciation) in Fair Value During 1995
---------------------------------------------------------------------------------------------
Money Equity Equity Harris
Balanced Short-Term Market Income Index Growth Corporation
Fund Bond Fund Fund Fund Fund Fund Stock Fund
---------- ---------- ---------- ---------- ----------- ---------- ----------
Fair value as
determined by
quoted market
price:
U.S. Government
securities $ 4,459,141 $ 1,832,914 $ $7,802) $ - $ $ - $ -
Corporate debt
securities 2,520,743 492,169 - - - - -
Corporate preferred
and common stocks 53,798,262 - - 18,984,069 - 17,174,126 988,831
Wells Fargo Bank
Index Fund 16,155,424 - - - 16,326,933 - -
Other investments 184,475 (7,340) - - - - -
---------- ---------- ---------- ---------- ----------- ---------- ----------
77,118,045 2,317,743 (7,802) 18,984,069 16,326,933 17,174,126 988,831
Fair value as
determined by
investee company:
J.P. Morgan real
estate fund 277,049 - - - - - -
----------- ---------- ---------- ----------- ----------- ----------- ----------
$77,395,094 $2,317,743 $ (7,802) $18,984,069 $16,326,933 $17,174,126 $ 988,831
=========== ========== ========== ========== =========== ========== ==========
12
- --------------------------------------------------------------------------------
17
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Notes to Financial Statements
June 30, 1995 and 1994
- --------------------------------------------------------------------------------
3. INVESTMENTS, CONTINUED
Net Appreciation (Depreciation) in Fair Value During 1994
---------------------------------------------------------------------------------
Equity Equity Harris
Balanced Short-Term Income Index Growth Corporation
Fund Bond Fund Fund Fund Fund Stock Fund
---------- ---------- ---------- ---------- ----------- ----------
Fair value as
determined by
quoted market
price:
U.S. Government
securities $ (9,175,076) $(4,035,750) $ - $ - $ - $ -
Corporate debt
securities (4,044,624) (1,504,712) - - - -
Corporate preferred
and common stocks 4,549,926 - 2,115,772 - (2,537,938) (112,569)
Wells Fargo Bank
Index Fund (1,186,816) - - (1,215,549) - -
Other investments (914,321) (129,320) - - - -
---------- ---------- ---------- ---------- ----------- ----------
$(10,770,911) (5,669,782) 2,115,772 (1,215,549) (2,537,938) (112,569)
Fair value as determined
by investee company:
J.P. Morgan real
estate fund (19,955) - - - - -
---------- ---------- ---------- ---------- ----------- ----------
$(10,790,866) $(5,669,782) $2,115,772 $(1,215,549) $(2,537,938) $ (112,569)
========== ========== ========== ========== =========== ==========
The fair value of individual investments that represent 5% or more of the
Plan's assets are as follows:
1995 1994
--------------- ----------------
Provident Investment Counsel
Invt Tr Endeavor Growth Fund
(6,690,939 and 6,778,045 shares) $ 87,249,847 $ 71,237,273
T Rowe Price Equity Income Fund
(10,759,053 and 9,181,030 shares) 193,232,584 147,722,780
Wells Fargo Bank Equity Index Fund
(1,425,325 and 1,413,164 shares) 178,768,644 140,588,547
At June 30, 1995, before consideration of the contribution receivable
under the profit-sharing plan program from Harris Corporation,
approximately 98% and 2% of the Master Trust's assets available for plan
benefits are owned by the Harris Corporation Retirement Plan and the
Harris Corporation Union Plan, respectively.
4. INCOME TAX STATUS
The Internal Revenue Service has ruled that the Plans qualify under
Section 401(a) of the Internal Revenue Code (IRC) and are, therefore, not
subject to tax under present income tax law. The Plans are required to
operate in conformity with the IRC to maintain their qualification. The
plan administrator is not aware of any course of action or series of
events that have occurred that might adversely affect the Plans' qualified
status.
13
- --------------------------------------------------------------------------------
18
HARRIS CORPORATION RETIREMENT PLAN MASTER TRUST
Notes to Financial Statements
June 30, 1995 and 1994
- -------------------------------------------------------------------------------
4. INCOME TAX STATUS, CONTINUED
A participant must pay regular income tax plus a 10% excise tax for
withdrawal of any portion of his accumulated pre-tax account balance, or
the portion of his after-tax account balance representing Company
contributions or earnings prior to retirement, disability, or attaining
age 59 1/2. The 10% excise tax is waived if withdrawal is to cover
uninsured medical bills that are otherwise deductible for tax purposes.
Withdrawal of the pre-tax account balance, or the portion of the after-tax
account balance representing Company contributions or earnings, after
retirement, disability, or attaining age 59 1/2 is subject to regular
income tax.
5. REPORTABLE TRANSACTIONS
No transaction with parties-in-interest other than described in Note 2,
loans or fixed income obligations in default or uncollectible, or leases
in default or uncollectible are presented due to the absence of these
items as of June 30, 1995 and for the year then ended.
6. AMENDMENTS
The following amendments were made to the Harris Corporation Retirement
Plan and the Harris Corporation Union Plan during 1994.
- Profit-sharing program provisions were clarified to indicate that the
contribution to the Plans is 11 1/2%, less portion allocable to
compensation over $150,000 limit.
- Direct rollover provisions, withholding provisions, and new compensation
limits were added.
- A six-month suspension from making after-tax contributions is required
following a voluntary in-service withdrawal of after-tax amounts.
In-service withdrawals may be made once every three months.
- Loans are available from rollover accounts.
- Loans must be repaid within 90 days of voluntary termination of
employment, effective July 11, 1994.
7. SUBSEQUENT EVENT
Effective September, 1995, the eligibility period for participation in the
Harris Deferred Income Savings (401(k)) Program (DISP) has been lifted
with certain limitations. During the first year of service, employees may
contribute to the DISP on a pre-tax basis or after-tax basis by
contributing from 1% - 12% of pay. However, pre-tax contributions are
limited to $9,240 on a calendar year basis. Contributions will
automatically go to an after-tax basis should the $9,240 pre-tax limit be
reached. After one year of service, employees will automatically be
eligible for a 100% match on the first 6% of contributions; will
participate in the Harris Profit Sharing Program and will be eligible to
participate in the Harris Stock Fund that allows the purchase of Harris
stock at a 30% discount.
14
- -------------------------------------------------------------------------------
19
SUPPLEMENTAL SCHEDULES
20
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 1
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
RETIREMENT PLAN
COMBINED REPORT
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
COMCAST UK CABLE PARTNERS 5,400.000 89,684.80 87,075.00
ISIN#BMG2298410217
EXEL LIMITED COM 18,060.000 598,829.11 939,120.00
ORD SHARE
SCANDINAVIAN BROADCASTING 65,000.000 1,447,100.00 1,316,250.00
F COM SHARES
AAPC LIMITED 160,197.000 126,507.35 76,059.77
COM
ISIN# AU000000AAD7
ASIRA AB 20,000.000 431,086.40 601,516.00
ISIN #SE0000101016
CL B COMMON STOCK
SWEDISIH EXPORT CREDIT 3,500,000.000 3,478,685.00 3,585,400.00
ISIN #GB0048647308
8.675% 04/15/2026
BT PYRAMID DIRECTED ACCOUNT CASH 47,470,653.920 47,470,653.92 47,470,653.92
FUND
MGT COMM FU 68,852.000 31,151,157.78 26,304,218.08
REAL ESTATE FD
HARRIS RETIREMENT PLAN LOAN 38,789,231.000 38,789,231.00 38,789,231.00
ALC COMMUNICATIONS CORP 8,700.000 302,008.90 392,587.50
COM NEW
AT & T CORP 92,150.000 4,525,139.95 4,883,950.00
COM
AT&T CAP CORP MEDIUM TERM NTS 4,000,000.000 4,000,000.00 4,047,000.00
BOOK ENTRY TRANCHE #TR 00113
7.070% 11/18/1996
15
21
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 2
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
ABBOTT LABS COM 33,380.000 960,235.76 1,351,890.00
WELLS FARGO MONEY MKT FD 297.420 297.42 297.42
WELLS FARGO 1,425,325.300 125,507,300.09 178,768,643.52
EQUITY INDEX FUND
AGWAY FINL CORP 700,000.000 696,876.25 696,876.25
DISC NT 07/05/1995
AIR PRODS & CHEMS INC COM 26,120.000 1,096,694.54 1,456,190.00
AIRTOUCH COMMUNICATION 55,000.000 1,418,010.00 1,567,500.00
COM
BANK OF AMERICA SHORT TERM 6,984,754.780 6,984,754.78 6,984,754.78
ALBERTSONS INC COM 24,060.000 696,604.38 712,777.50
ALCO STD CORP COM 2,500.000 151,037.50 199,687.50
ALLEGHANY CORP DEL COM 23,280.000 1,050,155.08 3,707,340.00
ALLEGHENY PWR SYS INC COM 42,350.000 1,050,926.52 995,225.00
ALLMERICA PPTY & CAS COS INC 90,000.000 776,250.00 1,991,250.00
COM
ALPHA BETA TECHNOLOGY INC 12,900.000 148,048.90 63,700.20
COM
AMERICAN GENERAL FIN CORP 700,000.000 695,140.83 695,140.83
DISC NOTE 07/28/1995
AMERICAN GREETINGS CORP CL A 33,820.000 729,196.18 993,462.50
AMERICAN INTL GROUP INC COM 42,900.000 2,808,562.13 4,890,600.00
AT & T CORP 600,000.000 600,000.00 600,576.00
NT 6.40% 06/02/1999
16
22
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 3
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
AMERITECH CORPORATION 40,450.000 1,559,670.46 1,779,800.00
COM
AMP INC COM 4,600.000 141,392.32 194,350.00
ANALOG DEVICES INC COM 18,000.000 393,798.96 612,000.00
ANDREW CORP COM 8,600.000 388,380.50 497,725.00
ANN TAYLOR STORES CORP 17,600.000 409,443.84 409,200.00
APPLIED BIOSCIENCE INTL INC 29,600.000 162,457.14 151,700.00
COM
APPLIED MATLS INC COM 7,900.000 282,277.86 684,337.50
ARROW ELECTRS INC COM 35,000.000 1,348,550.00 1,741,250.00
ASHLAND COAL INC 50,000.000 1,340,500.00 1,337,500.00
ASSOCIATES CORP OF N.A. 700,000.000 695,149.00 695,149.00
DISC NT 07/21/1995
ASSOCIATES CORP NORTH AMER 4,000,000.000 3,824,400.00 3,969,720.00
NT DTD 03/17/1994 6.250%
03/15/1999
AUTOMATIC DATA PROCESSING INC COM 5,900.000 309,650.78 370,962.50
AUTOZONE INC 16,200.000 386,431.26 407,025.00
COM
AVID TECHNOLOGY INC 8,100.000 233,800.83 303,750.00
COM
BCH CAYMAN IS LTD 3,000,000.000 3,015,300.00 3,012,270.00
GTD SUB NT DTD 06/15/1995
7.500% 06/15/2005
17
23
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 4
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
BHP FIN USA LTD 1,700,000.000 1,638,018.00 1,627,920.00
NT DTD 11/01/1993 5.625%
11/01/2000
BW/IP HOLDINGS INC 42,000.000 671,192.31 777,000.00
CL A
BANK BOSTON CORP F/K/A 72,000.000 1,596,270.87 2,700,000.00
FIRST NATIONAL BOSTON CORP
COM
BARNETT BKS INC COM 8,900.000 408,831.22 457,237.50
BED BATH & BEYOND 17,200.000 408,177.80 417,100.00
INC COM
BELO A H CORP COM 49,000.000 1,114,032.97 1,500,625.00
BIO CHEM PHARMA INC 12,600.000 199,669.40 275,625.00
COM
BIOGEN INC 4,400.000 147,484.62 195,800.00
COM
BOATMENS BANCSHARES INC COM 19,370.000 482,275.62 682,792.50
BOEING CO COM 32,800.000 1,379,797.14 2,054,100.00
BRINKER INTL INC 45,550.000 903,259.70 785,737.50
COMMON
BRITISH SKY BROADCOSTING GROUP 18,200.000 468,371.50 475,475.00
SPONSORED ADR
BROWNING FERRIS INDS INC COM 12,000.000 388,953.00 432,000.00
BUFFETS INC COM 89,800.000 1,510,282.30 1,234,750.00
CSX CORP COM 37,770.000 2,645,004.16 2,837,471.25
18
24
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 5
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
CABLETRON SYS INC 3,900.000 165,082.29 207,675.00
COM
CANADIAN PAC LTD ORD PAR $5 75,000.000 1,073,250.00 1,303,125.00
CAPITAL CITIES ABC INC COM 27,600.000 1,461,450.04 2,980,800.00
CAPITAL ONE FINL CORP 90,000.000 1,308,183.62 1,755,000.00
CARDINAL HELATH INC 5,500.000 271,458.00 259,875.00
COM
CAREMARK INTERNATIONAL INC 20,200.000 448,186.20 404,000.00
COM
CARNIVAL CORP 8,600.000 194,544.10 199,950.00
CL A COM
CASE EQUIP LN TR 2,912,289.230 2,909,103.95 2,872,973.33
1994-A ASSET BACKED NT CL A-2
4.65% 08/15/1999
CATERPILLAR FINL ASSET TR 2,933,144.260 2,928,561.25 2,934,493.51
94-A ASSET BACKED NT CL A-2
6.100% 06/25/2000
CENTEX CORP COM 0.000 0.00 0.00
CHEMICAL BKG CORP 2,500,000.000 2,319,300.00 2,319,825.00
SUB NT DTD 01/25/1994 6.500%
01/15/2009
CHEVRON OIL FIN CO 700,000.000 696,876.25 696,876.25
DISC NOTE 07/13/1995
CHIRON CORP COM 7,251.000 469,698.61 471,315.00
CHRYSLER CORP COM 74,000.000 3,626,369.50 3,542,750.00
19
25
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 6
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
CHUBB CORP COM 13,080.000 1,046,484.81 1,048,035.00
CISCO SYS INC. 12,200.000 469,907.80 616,868.60
COM
CIRCUS CIRCUS ENTERPRISE INC COM 10,800.000 349,406.00 380,700.00
CITICORP 1,000,000.000 999,400.00 1,018,010.00
MEDIUM TERM NTS TRANCHE#TR 00344
7.07% 05/25/2000
CITICORP COM 86,500.000 3,495,362.50 5,006,187.50
CLEVELAND CLIFFS INC COM 35,000.000 1,081,650.00 1,347,500.00
COCA COLA CO COM 24,560.000 1,004,861.08 1,565,700.00
COCA COLA ENTERPRISES INC 4,500,000.000 4,686,180.00 4,721,085.00
DEB 8.75% 04/01/2017
COLGATE PALMOLIVE CO COM 16,400.000 748,238.60 1,199,250.00
COLTEC INDS INC 81,600.000 1,308,396.00 1,406,600.00
COMCAST CORP 125,000.000 1,314,370.81 2,320,375.00
CL A SPL
COMERICA INC COM 33,600.000 971,630.91 1,079,400.00
COMMERCE BANCHSHARES INC COM 12,046.000 271,921.34 379,449.00
COMPAQ COMPUTER CORP 44,000.000 1,340,328.00 1,991,000.00
COMPUTER ASSOC INTL INC COM 12,300.000 795,951.50 830,250.00
COMPUTER SCIENCES CORP COM 34,100.000 1,156,761.99 1,939,437.50
CONSOLIDATED EDISON CO N Y INC 1,500,000.000 1,498,710.00 1,472,325.00
DEB SER E DTD 05/26/1993 5.300%
08/01/1997
20
26
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 7
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
CONSOLIDATED NAT GAS CO 2,500,000.000 2,581,053.00 2,645,375.00
DEB 8.625% 12/01/2011
CORESTATES CAP CORP 4,600,000.000 4,600,000.00 4,595,400.00
MEDIUM TERM NT TRANCHE# SR 00070
VAR RT 05/15/1996
COUNTRYWIDE CR INDS INC COM 102,000.000 1,672,822.50 2,142,000.00
CRESTAR FINL CORP COM 23,500.000 951,441.30 1,151,500.00
DAIMLER-BENZ AUTO GRANTOR TR 2,498,120.770 2,496,091.37 2,460,648.96
SER 1993-A ASSET BKD CTF CL A
10/15/1993 3.900% 10/15/1998
DEAN WITTER DISCOVER & CO. 57,000.000 2,018,800.00 2,679,000.00
COM
DENMARK KINGDOM 2,000,000.000 2,176,440.00 2,042,540.00
BD 7.75% 12/15/1996
SPANISH PESETAS 320,946.850 2,500.53 2,450.75
FORWARD CURRENCY CONTRACT 29,155.770 3,883.96 3,766.93
SWEDISH KRONA
WALT DISNEY CO COM 7,100.000 286,010.38 394,050.00
DOMINION RES INC V A COM 22,780.000 835,139.58 831,470.00
DOW CHEM CO COM 14,700.000 913,737.37 1,056,562.50
DU PONT E I DE NEMOURS & CO COM 20,160.000 1,048,148.82 1,386,000.00
EMERSON ELEC CO COM 13,610.000 698,121.46 973,115.00
ENGELHARD CORP COM 47,820.000 774,026.14 1,366,854.98
ENRON CORP COM 40,100.000 1,257,765.71 1,408,512.50
21
27
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 8
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
ERICSSON L M TEL CO 75,600.000 999,222.05 1,512,000.00
ADR CL B SEK 10
ETHAN ALLEN INTERIORS INC 43,800.000 1,004,952.70 777,450.00
COM
FHP INTL CORP 69,500.000 1,674,150.00 1,598,500.00
COM
FEDERAL HOME LN MTG CORP 755,253.720 771,489.31 757,844.24
SER 1070 CL E 7.500% 04/15/1996
FEDERAL HOME LN MTG CORP 1,780,000.000 1,746,625.00 1,777,009.60
SER 1225 CL D 6.500% 03/15/1997
FEDERAL HOME LN MTG CORP 596,405.650 596,405.59 592,863.00
MULTICLASS MTG PARTN CTFS GTD
SER 1270 CL 1270-F VAR RT 05/15/1997
FEDERAL HOME LN MTG CORP 2,000,000.000 1,897,500.00 1,964,360.00
MULTICLASS MTG PARTN CTFS GTD
SER 01406 CL D 5.75% 10/15/2015
FEDERAL HOME LN MTG CORP 3,027,110.390 2,922,107.51 2,978,858.25
MULTICLASS MTG PARTN CTFS GTD
SER 1702T CL A 5.850% 11/15/2017
FEDERAL HOME LN MTG CORP 1,961,863.100 1,917,108.08 1,967,984.11
PARTN CTF GROUP #C80158
7.500% 05/01/2024
FEDERAL HOME LN BKS 1,000,000.000 997,812.50 1,052,450.00
MEDIUM TERM CONS BDS
DTD 10/14/1994 7.625% 10/14/1999
FEDERAL HOME LN BKS 5,000,000.000 5,000,000.00 5,037,500.00
CONS BD DTD 01/04/1995
7.31% 01/04/1996
22
28
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 9
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
FEDERAL HOME LN MTG CORP 6,000,000.000 5,996,950.19 6,000,000.00
DISC NT 07/03/1995
FEDERAL HOME LN MTG CORP 3,400,000.000 3,251,781.25 3,367,530.00
SER A DTD 03/21/1994
6.54% 03/21/2001
FEDERAL HOME LN MTG CORP 6,650,000.000 6,600,125.00 6,686,508.50
SER PRIM A DTD 06/08/1993
FLTG RT 06/30/1998
FEDERAL HOME LN MTG CORP 5,230,000.000 5,062,671.10 5,180,994.90
SER DTD 08/05/1993
3.97% 08/05/1996
FEDERAL HOME LN MTG CORP 59,300.000 1,844,837.63 4,076,875.00
COM
FEDERAL HOME LN MTG CORP 72,703.530 102,543.21 76,656.42
PARTN CTF GROUP #200001
11.500% 07/01/1999
FEDERAL HOME LN MTG CORP 15,330.600 22,562.31 16,164.12
PARTN CTF GROUP #200007
11.500% 02/01/2000
FEDERAL HOME LN MTG CORP 28,621.680 34,774.86 30,070.51
PARTN CTF GROUP #200013
10.500% 06/01/2000
FEDERAL HOME LN MTG CORP 1,055,967.880 1,052,150.38 1,076,918.28
PARTN CTF GROUP #350028
VAR RT 01/01/2017
FEDERAL HOME LN MTG CORP 1,152,581.000 1,153,422.55 1,168,970.70
PARTN CTF GROUP #350039
5.125% 03/01/2017
FEDERAL HOME LN MTG CORP 218,073.810 210,559.91 222,230.30
PARTN CTF GROUP #350052
ADJ RT 05/01/2017
23
29
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 10
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
FEDERAL HOME LN MTG CORP 866,353.760 869,829.58 878,266.12
PARTN CTF GROUP #605068
VAR RT 03/01/2017
FEDERAL HOME LN MTG CORP 50,794.800 56,543.95 55,112.36
PARTN CTF GROUP #533105
11.500% 04/01/2019
FEDERAL HOME LN MTG CORP 142,628.680 145,799.71 154,812.02
PARTN CTF GROUP #533914
11.500% 03/01/2018
FEDERAL NATL MTG ASSN 1,741,699.740 1,718,295.66 1,736,788.15
GTD REMIC PASS THRU CTF REMIC TR
SER 1991-169 CL 169-CL 6.750% 10/25/2017
FEDERAL NATL MTG ASSN 3,700,000.000 3,700,000.00 3,713,875.00
GTD PASS THRU CTF REMIC TR 1992-112
CL D 7.000% 06/25/2018
FEDERAL NATL MTG ASSN 55,968.390 56,370.66 55,759.07
GTD REMIC PASS THRU CTF REMIC TR
1992-G31 CL-B 7.000% 09/25/2016
FEDERAL NATL MTG ASSN 1,200,000.000 1,197,750.00 1,209,000.00
GTD REMIC PASS THRU CTF REMIC TR
1992-79 CL-G 7.000% 10/25/2018
FEDERAL NATL MTG ASSN COM 73,870.000 3,282,826.66 6,980,715.00
FEDERAL NATL MTG ASSN 640,877.160 609,634.40 437,796.01
GTD REMIC PASS THRU CTF REMIC TR
1993-124 CL-K PRIN ONLY 10/25/2022
FEDERAL NATL MTG ASSN 2,000,000.000 2,000,000.00 1,920,940.00
SER 98 DTD 09/27/1993 4.950%
09/30/1998
FEDERAL NATL MTG CORP 4,585,000.000 3,839,937.50 4,202,427.60
GTD REMIC PASS THRU CTF REMIC TR
1993-146 CL-B PRIN ONLY 05/25/2023
24
30
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 11
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
FEDERAL NATL MTG ASSN 1,179,242.360 1,190,482.04 1,168,735.31
GTD MTG PASS THRU CTF POOL #001405
6.25% 04/01/2004
FEDERAL NATL MTG ASSN 700,000.000 700,000.00 685,762.00
GTD 4.800% 07/07/1998
FEDERAL NATL MTG ASSN 1,000,000.000 1,000,000.00 1,038,420.00
MEDIUM TERM NT SER A
DTD 08/16/1994 7.26% 08/18/1999
FEDERAL NATL MTG ASSN 600,000.000 603,984.38 643,464.00
MEDIUM TERM NT SER A
8.15% 11/01/1999
FEDERAL NATL MTG ASSN 8,324.980 8,341.17 8,548.67
GTD MTG PASS THRU CTF POOL #122333
8.500% 06/01/1998
FEDERAL NATL MTG ASSN 88,788.260 91,952.37 91,174.00
GTD MTG PASS THRU CTF POOL #132862
8.500% 10/01/1998
FEDERAL NATL MTG ASSN 70,108.510 72,707.03 71,992.33
GTD MTG PASS THRU CTF POOL #135499
8.500% 11/01/1998
FEDERAL NATL MTG ASSN 57,448.420 59,500.80 58,992.06
GTD MTG PASS THRU CTF POOL #135507
8.500% 11/01/1998
FEDERAL NATL MTG ASSN 36,727.560 37,976.89 38,047.18
GTD MTG PASS THRU CTF POOL #136415
8.500% 10/01/1998
FEDERAL NATL MTG ASSN 116,051.660 119,911.64 119,169.97
GTD MTG PASS THRU CTF POOL #136801
8.500% 10/01/1998
25
31
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 12
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
FEDERAL NATL MTG ASSN 55,114.430 56,947.17 56,595.35
GTD MTG PASS THRU CTF POOL #137547
8.500% 10/01/1998
FEDERAL NATL MTG ASSN 67,950.610 70,075.49 69,776.44
GTD MTG PASS THRU CTF POOL #137739
8.500% 11/01/1998
FEDERAL NATL MTG ASSN 5,000,000.000 5,165,625.00 5,156,250.00
TBA 8.500%
FEDERATED DEPT STORES INC 45,600.000 933,584.88 1,174,200.00
DEL COM
FINOVA GROUP INC 6,900.000 227,467.08 241,500.00
COM
FIRST CHICAGO CORP 4,000,000.000 4,485,760.00 4,474,640.00
SUB NT DTD 11/15/1991 9.250% 11/15/2001
FIRST DATA CORP 20,800.000 833,368.00 1,183,000.00
COM
FIRST EMPIRE ST CORP COM 4,900.000 689,914.70 840,350.00
FIRST FID BANCORPORATION NEW COM 35,000.000 891,009.28 2,065,000.00
FIRST FINL MGMT CORP COM 9,200.000 591,989.70 786,600.00
FIRST UN CORP COM 23,600.000 992,777.87 1,067,900.00
FIRST USA INC 56,200.000 1,915,578.04 2,493,875.00
FORD CR AUTO LN MASTER TR 4,000,000.000 3,971,250.00 4,036,240.00
SER 1992-1 ASSET BACKED CTF
6.875% 01/15/1999
FORD MTR CR CO 700,000.000 696,310.22 696,310.22
DISC NOTE 07/16/1995
26
32
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 13
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
FORD MTR CR CO 4,000,000.000 3,958,200.00 3,957,520.00
NT DTD 03/23/1994 5.625% 03/03/1997
FORD MTR CR 3,000,000.000 3,001,590.00 2,993,910.00
MEDIUM TERM NTS BOOK ENTRY TRANCHE
# TR 00216 VAR RT 05/27/1997
FOUNDATION HEALTH CORP 85,500.000 2,272,087.00 2,319,187.50
FRUIT OF THE LOOM 52,700.000 1,710,200.88 1,113,287.50
CLA
GMAC 1992-D GRANTOR TR 0.060 0.07 0.06
ASSET BKD CTF CL A
5.550% 05/15/1997
GMAC 1993-B GRANTOR TR 1,625,525.090 1,620,500.50 1,598,590.14
ASSET BACKED CTF CL A DTD 09/16/1993
4.000% 09/15/1998
GMAC 1994-A GRANTOR TR 2,401,231.050 2,345,703.62 2,404,976.97
ASSET BKD CTF CL A
6.300% 06/15/1999
GOVERNMENT NATL MTG ASSN 1,901,981.640 2,011,345.58 1,947,153.70
PASS THRU CTF POOL #368435
8.000% 02/15/2024
GOVERNMENT NATL MTG ASSN 470,536.280 497,592.13 481,711.52
PASS THRU CTF POOL #376424
8.000% 01/15/2024
GOVERNMENT NATL MTG ASSN 63,411.250 73,531.00 66,878.58
PASS THRU CTF POOL #146599 ISSUER
TRANSOHIO SVGS BK 10.500% 12/15/2000
GOVERNMENT NATL MTG ASSN 3,600,000.000 3,670,875.00 3,685,500.00
TBA 8.000%
27
33
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 14
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
GAP STORES INC COM 48,600.000 1,527,299.60 1,694,925.00
GENERAL ELECTRIC CAP CORP 700,000.000 695,140.83 695,140.83
DISC NOTE 07/28/1995
GENERAL ELECTRIC CO COM 44,500.000 1,560,614.43 2,508,687.50
GENERAL ELEC CAP CORP 4,000,000.000 4,000,000.00 4,054,280.00
MEDIUM TERM NTS-BOOK ENTRY TRANCHE #
TR 00359 8.090% 02/27/1996
GENERAL ELEC CAP CORP 500,000.000 500,000.00 500,400.00
MEDIUM TERM NTS TRANCHE #TR 0040
4.480% 06/03/1996
GENERAL INSTRUMENTS CORP 16,600.000 537,819.00 634,950.00
NEW COM
GENERAL MTRS ACCEPT CORP 4,700,000.000 4,700,000.00 4,679,461.00
NT DTD 02/02/1995
FLTG RT 02/02/1998
GENERAL MOTORS CORP CL E COM 18,510.000 561,153.79 805,185.00
GENERAL MOTORS CORP 19,100.000 1,139,325.90 1,203,300.00
DEPOSITARY SHS RPSTG 1/10
SH PREF C $
GENERAL RE CORP COM 21,100.000 1,779,822.88 2,824,762.50
GILLETTE CO COM 9,800.000 321,517.15 436,100.00
GIORDANO INTERNATIONAL LTD 23,100.000 145,658.00 171,663.03
F/K/A GIORDANO HLDGS LTD
SPONSORED ADR
GOLDEN WEST FINL CORP DEL COM 27,800.000 1,114,666.30 1,310,075.00
28
34
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 15
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
HS RES INC 14,500.000 315,539.20 203,000.00
COM
HAAGEN ALEXANDER PROP 20,600.000 354,248.54 236,900.00
COM
HARCOURT GENERAL INC 42,000.000 828,477.27 1,785,000.00
COM
HARLEYSVILLE GROUP INC COM 52,000.000 975,000.00 1,300,000.00
HARRIS CORP DEL COM 132,222.927 6,304,755.92 6,826,008.61
HEINZ H J CO 500,000.000 497,833.33 497,833.33
DISC NOTE 07/12/1995
HEWLETT PACKARD CO COM 9,600.000 442,774.81 715,200.00
HOME DEPOT INC COM 152,525.000 6,433,146.88 6,215,393.75
HORACE MANN EDUCATORS CORP 59,000.000 146,395.00 1,357,000.00
NEW COM
HOSPITALITY FRANCHISE SYSTEMS 5,500.000 149,969.27 190,437.50
COM
HOUSEHOLD FIN CORP 700,000.000 696,529.17 696,529.17
DISC NOTE 07/12/1995
HUBBELL HARVEY INC CL B 17,944.000 956,726.20 1,013,836.00
HUMANA INC COM 110,400.000 2,102,879.85 1,959,600.00
INFORMIX CORP COM 21,600.000 516,027.20 548,100.00
INTEL CORP COM 109,580.000 3,524,163.77 6,937,838.54
INTERNATIONAL CABLETEL INC COM 33,800.000 712,477.31 1,098,500.00
29
35
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 16
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
INTERNATIONAL FLAVORS & FRAGRANCES INC 26,220.000 881,407.96 1,304,445.00
COM
INTERNATIONAL LEASE FIN CORP 5,000,000.000 5,167,100.00 5,003,100.00
NT DTD 10/28/1992 6.375% 11/01/1996
INTERPUBLIC GROUP COS INC COM 30,620.000 955,555.41 1,148,250.00
JDN REALTY CORP 8,700.000 196,276.60 177,262.50
COM
KELLWOOD CO COM 63,750.000 1,099,282.48 1,083,750.00
KERR MCGEE CORP COM 30,000.000 1,265,580.00 1,612,500.00
KING WORLD PRODUCTIONS INC COM 31,500.000 1,127,457.00 1,275,750.00
LTV CORP NEW 104,000.000 1,622,718.60 1,521,000.00
COM
LIEBERT CORP 144,000.000 322,505.28 378,469.44
SUB DEB CONV 8% 11/15/2010
LILLY ELI & CO COM 16,180.000 959,528.88 1,270,130.00
LOEWEN GROUP INC 15,900.000 439,785.70 566,437.50
COM
ISIN #CA54042L1004
LUBRIZOL CORP COM 22,130.000 704,167.66 782,848.75
MBIA COM 16,420.000 1,062,441.59 1,091,930.00
MBNA CORP 67,900,.000 1,345,351.08 2,291,625.00
COM
MBNA AMER BK NA NEWARK 1,200,000.000 1,200,000.00 1,196,232.00
DEL MEDUIM TERM NTS TRANCHE #TR
00029 6.350% 04/14/1997
30
36
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 17
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
MBNA MASTER CR CARD TR II 6,500,000.000 6,490,859.38 6,490,859.38
MASTER TR SER 1995-D CL A
6.05% 02/15/2002
MGIC INVT CORP 20,390.000 631,430.54 955,781.25
WIS COM
MANPOWER INC 12,700.000 204,156.53 323,850.00
COM
MAPCO INC COM 21,500.000 1,077,940.00 1,247,000.00
MAY DEPT STORES CO COM 38,000.000 887,747.50 1,581,750.00
MCDONALDS CORP COM 9,200.000 305,294.00 359,950.00
MEAD CORP COM 42,460.000 1,551,643.40 2,521,062.50
MEDTRONIC INC COM 34,370.000 1,429,124.91 2,650,786.25
MELLON FINL CO 2,600,000.000 2,589,418.00 2,582,190.00
SR NT DTD 06/19/1995 6.300%
06/01/2000
MERCK & CO INC COM 40,830.000 1,238,338.28 2,005,773.75
MERRILL LYNCH & CO INC COM 36,000.000 1,307,160.00 1,890,000.00
MICROSOFT CORP COM 32,480.000 1,506,504.24 2,935,380.00
MICRON TECHNOLOGY INC COM 43,000.000 128,601.61 2,365,000.00
MOBIL CORP COM 15,020.000 1,204,345.71 1,441,920.00
MOLEX INC CL A 14,250.000 351,684.51 520,125.00
MORGAN STANLEY GROUP INC 3,000,000.000 3,000,000.00 3,068,640.00
MEDIUM TERM SR NTS-BOOK ENTRY TRANCHE #
SR 00056 7.980% 11/04/1996
31
37
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 18
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
MORTON INTL INC IND 33,370.000 649,746.55 976,072.50
COM
MOTOROLA INC COM 25,700.000 1,215,551.35 1,725,112.50
NATIONAL RURAL UTILS COOP 500,000.000 498,403.47 498,403.47
DISC NOTE 07/05/1995
NATIONAL SEMICONDUCTOR CORP COM 78,000.000 1,374,438.00 2,164,500.00
NATIONS BANK NOTE 2,500,000.000 2,500,000.00 2,500,000.00
FLTG RT 09/20/1995
NATIONSBANK CORP 2,000,000.000 1,936,800.00 1,924,080.00
5.125% 09/15/1998
NATIONSBANK CR CARD MASTER TR 4,000,000.000 3,770,625.00 3,925,000.00
SER 1993-1 ASSET BKD CTF CL A
12/16/1993 4.750% 09/15/1998
NISSAN AUTO RECEIVABLES 30.250 30.58 0.00
1991-B GRANTOR TR ASSET BACKED CTF
CL-A DTD 11/15/1991 6.050% 12/15/1996
NOKIA CORP 28,800.000 1,192,150.10 1,724,400.00
ADR
NORFOLK SOUTHN CORP COM 19,490.000 944,423.97 1,313,138.75
NORWEST FINL INC 700,000.000 695,950.69 695,950.69
DISC NOTE 07/17/1995
OFFICE DEPOT INC COM 22,000.000 447,314.60 618,750.00
OLYMPIC AUTOMOBILE RECEIVABLE TR 1,457,603.650 1,458,059.16 1,470,357.68
1994-B AUTO RECEIVABLE BKD NT
CL A-2 06/15/2001 6.85%
OMNICOM GROUP COM 52,730.000 2,351,673.21 3,196,756.25
32
38
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 19
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
ORACLE SYSTEMS CORP COM 41,550.000 892,144.84 1,604,868.75
OWENS ILL INC 115,000.000 1,233,855.00 1,495,000.00
COM NEW
PIC INVT TR 6,690,939.221 70,735,584.07 87,249,847.44
ENDEAVOR GROWTH FD
PMI GROUP INC 32,580.000 1,222,877.69 1,413,157.50
COM
PNC BANK CORP COM 50,000.000 1,390,500.00 1,318,750.00
PACIFIC MUT LIFE INS CO 700,000.000 696,886.75 696,888.75
DISC NOTE 07/11/1995
PARKER & PARSLEY PETE CO 54,000.000 1,353,240.00 1,059,750.00
DEL COM
PAYCHEX INC COM 4,650.000 143,437.00 168,562.50
PEPSICO INC COM 28,720.000 1,060,900.21 1,306,760.00
PERRIGO CO COM 55,847.000 785,052.29 617,835.36
PFIZER INC 700,000.000 696,771.44 696,771.44
DISC NT 07/12/1995
PFIZER INC COM 86,620.000 2,984,131.75 3,989,933.75
PHILIP MORRIS COS INC COM 16,480.000 896,949.03 1,225,700.00
PHILLIPS PETE CO COM 29,350.000 996,314.13 979,556.25
PREMIER AUTO TR 2,295,418.600 2,205,753.84 2,258,118.05
1993-4 ASSET BKD NT CL A-2
4.65% 02/02/1999
PREMIER AUTO TR 0.000 0.00 0.00
1994-2 ASSET BKD NT CL A-3
6.35% 05/02/2000
33
39
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 20
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
PREMIER AUTO TR 861,869.910 859,715.24 861,326.93
1994-4 ASSET BACKED NT CL A-2
5.750% 11/02/1996
PREMIER AUTO TR 3,100,000.000 3,098,419.00 3,098,419.00
1995-3 ASSET BACKED NT CL A-3
5.95% 12/06/1998
PROCTOR & GAMBLE CO COM 20,460.000 1,332,071.28 1,470,562.50
PULTE CORP 21,360.000 622,108.23 598,080.00
COM
REPSOL SA SPONSORED ADR 28,270.000 690,265.20 894,038.75
COM
REPUBLIC NY CORP 1,000,000.000 996,690.00 1,015,960.00
NT 8.375% 05/01/1996
REUTERS HLDGS PLC ADR B 23,400.000 691,312.50 1,172,925.00
ROCKWELL INTL CORP COM 45,000.000 1,085,744.00 2,058,750.00
ROLLINS TRUCK LEASING CORP 130,000.000 1,451,878.10 1,397,500.00
COM
ROWE T PRICE EQUITY INCOME FUND 10,759,052.543 166,817,136.28 193,232,583.76
SH BEN INT
RUBBERMAID INC COM 15,500.000 458,513.02 430,125.00
SPNB HOME EQUITY LN ASSET BKD 191,124,970 190,143.49 193,991.84
CTF TR SER 1991-1 CL A
7.850% 05/15/1998
SPNB HOME EQUITY LN ASSET 219,317.150 218,788.11 222,468.74
BKD CTF TR SER 1991-2-CL A
DTD 07/15/1991 8.100% 06/15/2020
34
40
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 21
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
ST JUDE MED INC COM 5,400.000 281,777.40 270,675.00
SARA LEE CORP COM 40,230.000 871,377.52 1,146,555.00
SCHERER R P CORP DEL 5,500.000 239,258.51 232,375.00
COM
SCHERING PLOUGH CORP COM 37,780.000 1,041,377.24 1,667,042.50
SENSORMATIC ELECTRS CORP COM 49,250.000 1,378,070.40 1,748,375.00
SEQUENT COMPUTER SYS INC COM 77,000.000 1,351,802.67 1,371,601.00
SHINHAN BANK 640,000.000 636,509.33 636,509.33
DISC NT 08/01/1995
SIGNET BKG CORP COM 70,000.000 1,064,986.38 1,531,250.00
SIGNET MASTER TR 1,000,000.000 1,000,000.00 1,000,000.00
SER 1994-1 ASSET BKD CTF CL A
FLTG RT 09/15/1999
SUNOCO PRODS CO 700,000.000 695,964.31 695,964.31
DISC NOTE 07/18/1995
SOUTHERN CALIF GAS CO 4,500,000.000 4,679,955.00 4,520,025.00
1ST MTG SER DD DTD 06/15/1993
7.500% 06/15/2023
SOUTHERN PAC RAIL CORP 34,020.000 651,161.80 535,815.00
COM
STEWART & STEVENSON SVCS INC COM 37,920.000 1,321,655.78 1,379,340.00
STEWARD ENTERPRISES INC 27,500.000 600,550.00 921,250.00
COM
STONE CONTAINER CORP COM 91,100.000 1,656,725.98 1,935,875.00
35
41
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 22
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
STRATUS COMPUTER INC COM 50,000.000 1,578,526.30 1,550,000.00
SYSCO CORP COM 37,170.000 1,039,181.95 1,096,515.00
TIG HLDGS INC 23,800.000 533,537.50 547,400.00
COM
TNT FREIGHTWAYS CORP 69,500.000 865,621.44 1,381,312.50
COM
TAMPA ELEC CO 700,000.000 696,092.83 696,092.83
DISC NT 07/12/1995
TEMPLE INLAND INC COM 29,000.000 981,941.00 1,381,125.00
TENNECO INC COM 33,200.000 1,587,558.60 1,527,200.00
TEXACO CORP 700,000.000 696,644.86 696,644.86
DISC NT 07/14/1995
TEXACO INC COM 22,600.000 1,397,098.20 1,483,125.00
TEXAS INSTRS INC COM 28,400.000 2,178,575.05 3,802,050.00
3 COM CORP COM 7,100.000 477,715.60 475,700.00
TIME WARNER INC 38,000.000 942,949.67 1,567,500.00
COM
TOYS R US INC COM 15,700.000 574,497.41 495,225.00
TRANSATLANTIC HLDGS INC 58,100.000 2,372,970.73 3,776,500.00
TRAVELERS GROUP INC F/K/A 70,000.000 1,016,887.43 3,062,500.00
TRAVELERS INC
TRINOVA CORP 3,200,000.000 3,356,960.00 3,400,096.00
DEB 9.55% 02/01/2018
36
42
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 23
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
TYCO INTERNATIONAL LTD 9,500.000 494,005.80 513,000.00
F/K/A TYCO LABS
USA WASTE SERVICES INC 9,970.000 103,891.26 154,535.00
COM
U S ROBOTICS CORP 2,600.000 269,547.20 283,400.00
COM
UNION ELEC CO COM 25,570.000 900,167.98 952,482.50
UNION PAC CORP COM 29,500.000 1,676,012.50 1,633,562.50
UNITED HEALTHCARE CORP COM 19,600.000 700,667.70 810,950.00
UNITED RETAIL GROUP 20,317.000 376,968.95 139,679.38
COM
U S HEALTHCARE INC COM 31,950.000 999,904.90 978,468.75
UNITED STATES TREAS BILLS 11,800,000.000 11,660,173.13 11,660,173.13
DTD 08/25/1994 MAT 08/24/1995
UNITED STATES TREAS BDS 6,420,000.000 6,817,082.81 6,804,172.80
DTD 05/15/1986 7.250% 05/15/2016
UNITED STATES TREAS BDS 7,650,000.000 7,468,125.01 8,328,937.50
DTD 11/15/1986 7.500% 11/15/2016
UNITED STATES TREAS NTS 6,455,000.000 6,982,494.53 6,556,859.90
DTD 09/03/1991 7.250% 08/31/1996
UNITED STATES TREAS NTS 4,500,000.000 4,569,453.13 4,559,760.00
6.875% 10/31/1996
UNITED STATES TREAS NTS 2,400,000.000 2,402,650.13 2,576,256.00
DTD 11/15/1991 7.500% 11/15/2001
UNITED STATES TREAS NTS 100,000.000 99,608.84 101,422.00
DTD 03/02/1992 6.750% 02/28/1997
37
43
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 24
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
UNITED STATES TREAS NTS 1,035,000.000 1,078,987.50 1,045,670.85
6.375% 06/30/1997
UNITED STATES TREAS NTS 2,000,000.000 2,008,923.61 1,997,180.00
DTD 08/17/1992 4.625% 08/15/1995
UNITED STATES TREAS NTS 6,000,000.000 5,957,812.50 5,983,140.00
SER S DTD 11/02/1992 5.750%
10/31/1997
UNITED STATES TREAS NTS 390,000.000 394,082.81 389,145.90
5.125% 11/15/1995
UNITED STATES TREAS NTS 7,290,000.000 7,564,871.31 7,304,798.70
DTD 11/30/1992 6.000% 11/30/1997
UNITED STATES TREAS NTS 3,000,000.000 3,072,641.48 2,979,840.00
DTD 02/01/1993 5.625% 01/31/1998
UNITED STATES TREAS NTS 4,895,000.000 4,937,538.79 4,862,105.60
DTD 02/16/1993 4.625% 02/15/1996
UNITED STATES TREAS NTS 2,400,000.000 2,399,031.25 2,353,872.00
DTD 03/31/1993 5.125% 03/31/1998
UNITED STATES TREAS NTS 7,800,000.000 7,302,289.87 7,648,836.00
DTD 04/15/1993 5.50% 04/15/2000
UNITED STATES TREAS NTS 4,500,000.000 4,469,795.64 4,486,635.00
3.875% 08/31/1995
UNITED STATES TREAS NTS 4,500,000.000 4,476,796.88 4,474,665.00
SER AC DTD 11/01/1993 3.875%
10/31/1995
UNITED STATES TREAS NTS 2,000,000.000 1,998,040.00 1,962,820.00
DTD 11/15/1993 4.375% 11/15/1996
UNITED STATES TREAS NTS 8,600,000.000 8,138,421.88 8,452,166.00
DTD 02/15/1994
4.75% 02/15/1997
38
44
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 25
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
UNITED STATES TREAS NTS 6,025,000.000 5,418,089.41 5,877,206.75
DTD 02/15/1994
5.875% 02/15/2004
UNITED STATES TREAS NTS 9,650,000.000 9,281,986.73 9,508,241.50
DTD 02/28/1994 5.500% 02/28/1999
UNITED STATES TREAS NTS 7,250,000.000 7,343,804.70 7,476,562.50
DT 08/01/1994 6.875% 07/31/1999
UNITED STATES TREAS NTS 6,500,000.000 6,423,320.31 6,864,585.00
SER T DTD 10/31/1994
7.500% 10/31/1999
UNITED STATES TREAS NTS 8,600,000.000 8,602,081.91 9,181,876.00
DTD 01/03/1995
7.75% 12/31/1999
UNITED STATES TREAS NTS 3,290,000.000 3,314,081.77 3,371,723.60
SER Z DTD 01/31/1995 7.500%
01/31/1997
UNITED STATES TREAS NTS 14,710,000.000 14,955,648.23 15,192,635.10
DTD 02/15/1995 7.25% 02/15/1998
UNITED STATES TREAS NTS 4,975,000.000 5,349,889.47 5,040,272.00
DTD 05/15/1986 7.375% 05/15/1996
UNITED STATES TREAS NTS 2,740,000.000 2,747,278.13 2,775,537.80
DTD 03/31/1995 6.625% 03/31/1997
UNITED STATES TREAS NTS 3,700,000.000 3,764,750.00 3,812,147.00
SER K DTD 05/01/1995 6.750%
04/30/2000
UNITED STATES TREAS NTS 1,950,000.000 1,995,655.45 1,991,437.50
DTD 05/15/1995
6.500% 05/15/2005
39
45
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 26
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
UNITED STATES TREAS NTS 3,570,000.000 3,622,082.82 3,607,913.40
DTD 05/31/1995 6.250% 05/31/2000
UNITED STATES TREAS NTS 2,400,000.000 2,511,000.00 2,625,000.00
DTD 02/15/1989 8.875% 02/15/1999
UNITED STATES TREAS NTS 3,500,000.000 3,533,906.25 3,537,730.00
DTD 02/28/1991 7.500% 02/29/1996
UNOCAL CORP COM 20,700.000 616,582.20 571,837.50
VALUE HEALTH INC 4,100.000 141,318.80 132,225.00
COM
VENTRITEX INC COM 24,020.000 531,007.15 405,337.50
VODAFONE GROUP PLC 51,000.000 971,380.00 1,931,625.00
SPONSORED ADR
WAL MART STORES INC COM 221,900.000 5,658,532.03 5,935,825.00
WALDEN RESIDENTIAL PPTYS INC 9,200.000 177,100.00 169,050.00
COM
WALL DATA INC 13,700.000 320,759.44 208,925.00
COM
WELLPOINT HEALTH NETWORKS 51,000.000 1,374,385.00 1,440,750.00
CL A
WELLS FARGO & CO COM 19,000.000 1,875,883.21 3,424,750.00
WERNER ENTERPRISES INC COM 27,300.000 547,776.54 546,000.00
WEST ONE BANCORP 32,900.000 860,576.90 1,098,037.50
COM
WILLAMETTE INDS INC COM 35,000.000 1,284,375.00 1,942,500.00
40
46
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 27
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
WISCONSIN ENERGY CORP COM 40,590.000 1,073,023.04 1,136,520.00
WOLTERS KLUWER N V 10,810.000 562,981.96 953,060.41
SPONSORED ADR
WORLD OMNI 526,560.750 525,820.35 522,279.81
1992-A GRANTOR TR ASSET BKD CTF
CL A 4.750% 01/15/1998
XEROX CORP 700,000.000 695,618.39 695,618.39
DISC NOTE 07/21/1995
SECURITY LIFE OF DENVER 5,153,175.210 5,153,175.21 5,153,175.21
#SLD-119
7.73% 01/06/1997
JOHN HANCOCK 3,031,338.060 3,031,338.06 3,031,338.06
GAC# 7694
7.47% 01/04/2000
PARTN IN GROUP ANNUITY CONTRACT 5,221,529.380 5,221,529.38 5,221,529.38
#GA-9688 WITH LINCOLN NATL INS
6.700% 07/01/1996
CDC MGMT 7,040,493.540 7,040,493.54 7,040,493.54
7.27% GAC# BR 121-03 11/01/1998
UNITED OF OMAHA LIFE INS 2,920,779.430 2,920,779.43 2,920,779.43
GAC# 10903 7.95% 12/03/1997
NY LIFE INS 6,213,573.700 6,213,573.70 6,213,573.70
GA-06885-002 8.020%
ALLSTATE LIFE INS C 4,979,687.880 4,979,687.88 4,979,687.88
5.000% 06/30/1998
ASSETS NOT HELD IN DOMESTIC CUSTODY
ALLSTATE LIFE INS C 5,326,060.400 5,326,060.40 5,326,060.40
6.810% 07/27/1998
ASSETS NOT HELD IN DOMESTIC CUSTODY
41
47
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 28
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
CANADA LIFE ASSURANCE C 20,154,497.070 20,154,497.07 20,154,497.07
6.750% 06/26/1999
ASSETS NOT HELD IN DOMESTIC CUSTODY
CDC INVT MGMT CORP 4,020,036.800 4,020,036.80 4,020,036.80
6.650% 03/31/1998
ASSETS NOT HELD IN DOMESTIC CUSTODY
CONFEDERATION INS G 5,487,086.390 5,487,086.39 5,487,086.39
9.320% 08/30/1995
CONFEDERATION LIFE 5,258,926.740 5,258,926.74 5,258,926.74
8.530% 02/03/1996
CONFEDERATION LIFE 3,297,757.650 3,297,757.65 3,297,757.65
9.130% 08/13/1995
CONTINENTAL ASSUR 5,661,856.500 5,661,856.50 5,661,856.50
4.840% 10/15/1995
CONTINENTAL ASSURAN 2,848,598.170 2,848,598.17 2,848,598.17
5.280% 07/17/1995
CONTINENTAL GIC G 3,706,685.110 3,706,685.11 3,706,685.11
6.160% 09/19/1996
CONTINENTAL GIC #QA 22,082,917.700 22,082,917.70 22,082,917.70
5.370% 04/15/1998
HARTFORD LIFE INS C 3,732,209.600 3,732,209.60 3,732,209.60
5.060% 03/31/1997
METROPOLITAN LIFE 16,237,868.600 16,237,868.60 16,237,868.60
6.990% 04/30/1997
NEW YORK LIFE INS C 3,050,940.770 3,050,940.77 3,050,940.77
4.660% 12/20/1996
NEW YORK LIFE INS 4,150,887.670 4,150,887.67 4,150,887.67
6.85% 11/01/1995
42
48
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 29
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ----------------------------------------------------------------- -------------- -------------- --------------
PEOPLE SEC LF INS 1,026,030.800 1,026,030.80 1,026,030.80
8.130% 02/01/1996
PEOPLE SECURITY L I 1,035,768.080 1,035,768.08 1,035,768.08
6.240% 12/21/1995
GIC# BDA00238FR
PROVIDENT NATL 2,420,635.960 2,420,635.96 2,420,635.96
#027 8.700% 01/15/1996
PRUDENTIAL INS AMER 10,880,923.700 10,880,923.70 10,880,923.70
8.050% 07/01/1996
TRANS OCCIDENTIAL 2,039,294.230 2,039,294.23 2,039,294.23
8.650% 12/31/1997
UNITED OF OMAHA LIFE 2,036,295.890 2,036,295.89 2,036,295.89
4.800% 01/15/1997
CDC INVESTMENT CORP 8,045,528.120 8,045,528.12 8,045,528.12
6.91% 10/31/1998
PEOPLES SEC LIFE 13,259,309.400 13,259,309.40 13,259,309.40
GA# BDA 00430FR 6.74% 07/01/1997
CDC INVESTMENT MGMT CORP 2,990,979.480 2,990,979.48 2,990,979.48
# 121-04 7.47% 06/15/1999
ALLSTATE LIFE INS 6,244,430.100 6,244,430.10 6,224,430.10
GAC# 5699 8.29%
ALLSTATE LIFE GAC# 5759 4,063,163.640 4,063,163.64 4,063,163.64
7.41% 12/01/1998
PEOPLES SECURITY LIFE 5,072,577.100 5,072,577.10 5,072,577.10
#BDA-00499FR 7.09% 02/09/1998
SECURITY LIFE OF DENVER 4,955,930.660 4,955,930.66 4,955,930.66
FA -0370 6.91% 02/28/1997
43
49
SCHEDULE II
-----------
BANKERS TRUST COMPANY ITEM 27A -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
JUNE 30, 1995 09/12/95 E25A OBDARL PAGE 30
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
DESCRIPTION OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST COST MARKET VALUE
- ------------------------------------------------------------ -------------- ----------------- -----------------
METROPOLITAN LIFE INS COP 10,055,243.670 10,055,243.67 10,055,243.67
GAC# 14095 7.18% 05/04/2000
ACCOUNT TOTAL 1,296,372,861.46 1,462,675,966.03
CASH 225,673.97 225,673.97
----------------- -----------------
1,296,598,535.43 1,462.901,640.00
=============== ===============
BALANCE PER FINANCIAL STATEMENTS:
INVESTMENTS 1,408,214,041.00
CASH & CASH EQUIVALENTS 54,687,599.00
-----------------
1,462,901,640.00
===============
44
50
SCHEDULE III
------------
BANKERS TRUST COMPANY ITEM 27A PART 2 -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
FROM 07/01/1994 TO 06/30/1995 09/13/95 PAGE 1
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
RETIREMENT PLAN
COMBINED REPORT
DESCRIPTION OF COST OF PROCEEDS OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST ACQUISITIONS DISPOSITIONS
- ------------------------------------------------------------------- -------------- ------------- -------------
EXEL LIMITED COM 11,090.000 437,126.83
ORD SHARE 6,960.000 360,672.05
INTERNATIONAL PAPER 185,000.000 203,696.10
5.750% 09/23/2002 385,000.000 426,462.50
ISIN #GB0044573672
TBC INC POOLED EMPLOYEE FUNDS 45,601,382.000 45,601,382.00
DAILY LIQUIDITY FUND 76,295,217.000 76,295,217.00
HARRIS RETIREMENT PLAN LOAN 17,724,276.770 17,724,276.77
17,091,921.950 17,091,921.95
BANK OF AMERICA SHORT TERM 34,710,878.030 34,710,878.03
45,958,242.480 45,958,242.48
BRITISH SKY BROADCASTING GROUP 26,800.000 688,189.50
SPONSORED ADR 8,600.000 217,596.72
DANKA BUSINESS SYS PLC 8,400.000 207.890.20
SPONSORED ADR 25,400.000 519,846.00
ERICSSON L M TEL CO 6,500.000 421,825.25
ADR CL B SEK 10 1,800.000 130,194.00
GRUPO TRIBASA SA 11,200.000 380,314.50
DE CV SPONSORED ADR 11,200.000 282,002.76
NORDISKA INVESTERINGSBANKEN 3,000,000.000 3,118,320.00
DEB 9.625% 09/01/2000 3,000,000.000 3,043,950.00
PHARMACIA AB 4,930.000 75,622.50
SPONSORED ADR REPSTG SER A SHS 29,270.000 464,279.33
TELEFONOS DE MEXICO 7,790.000 396,423.79
SPONSORED REPSTG SH ORD L 48,890.000 2,622,647.20
45
51
SCHEDULE III
------------
BANKERS TRUST COMPANY ITEM 27A PART 2 -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
FROM 07/01/1994 TO 06/30/1995 09/13/95 PAGE 2
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
RETIREMENT PLAN
COMBINED
DESCRIPTION OF COST OF PROCEEDS OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST ACQUISITIONS DISPOSITIONS
- ----------------------------------------------------------------- -------------- -------------- --------------
JOHN HANCOCK 3,085,105.210 3,085,105.21
GAC# 7694 53,767.150 53,767.15
7.47% 01/04/2000
CDC MGMT 7,295,360.250 7,295,360.25
7.27% GAC# BR 121-03 11/01/1998 254,866.710 254,866.71
ALLSATE LIFE INS C 229,019.480 229,019.48 250,000.00
5.000% 06/30/1998 250,000.000
ASSETS NOT HELD IN DOMESTIC CUSTODY
CANADA LIFE ASSURANCE C 1,231,822.120 1,231,822.12 1,159,816.00
6.750% 06/26/1999 1,159,816.000
ASSETS NOT HELD IN DOMESTIC CUSTODY
CDC INVT MGMT CORP 238,771.060 238,771.06 245,157.98
6.650% 03/31/1998 245,157,980
ASSETS NOT HELD IN DOMESTIC CUSTODY
HARTFORD LIFE INS C 186,021.100 186,021.10 4,249,271.15
6.82% 03/20/1995 4,249,271.150
HARTFORD LIFE INS G 149,752.760 149,752.76 5,158,613.88
6.750% 12/19/1994 5,158,613.880
LIFE INS CO VIR CT 144,587.310 144,587.31 5,450,931.17
8.83% 01/01/2050 5,450,931.170
METROPOLITAN LIFE 1,418,076.350 1,418,076.35 8,072,477.91
6.990% 04/30/1997 8,072,477.910
NEW YORK LIFE INS C 128,309.550 128,309.55 139,800.00
4.660% 12/20/1996 139,800.000
NEW YORK LIFE INS 251,479.460 251,479.46 274,000.00
6.85% 11/01/1995 274,000.000
46
52
SCHEDULE III
------------
BANKERS TRUST COMPANY ITEM 27A PART 2 -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING ASSETS HELD FOR
INVESTMENT PURPOSES PREPARED ON ACCRUAL BASIS (TRADE-DATED)
FROM 07/01/1994 TO 06/30/1995 09/13/95 PAGE 3
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
RETIREMENT PLAN
COMBINED
DESCRIPTION OF COST OF PROCEEDS OF
IDENTITY OF ISSUE, BORROWER, OR SIMILAR PARTY INTEREST ACQUISITIONS DISPOSITIONS
- ----------------------------------------------------------------- -------------- -------------- --------------
PEOPLE SEC LF INS 123,343.440 123,343.44 1,162,600.00
8.130% 02/01/1996 1,162,600.000
PEOPLE SECURITY L I 115,506.360 115,506.36 1,164,800.00
6.240% 12/21/1995 1,164,800.000
GIC# BDA00238FR
PROVIDENT NATL 283,012.190 283,012.19 2,329,487.97
#027 8.700% 01/15/1996 2,329,487.970
PROVIDENT NATL 304,908.260 304,908.26 7,059,574.02
9.000% 01/03/1995 7,059,574.020
PRUDENTIAL INS AMER 1,293,671.130 1,293,671.13 16,148,704.95
8.050% 07/01/1996 16,148,704.950
STATE MUTUAL LIFE 17,872.240 17,872.24 2,567,255.31
5.830% 08/15/1994 2,567,255.310
STATE MUTUAL LIFE IX 270,032.580 270,032.58 5,405,798.35
8.070% 02/27/1995 5,405,798.350
TRANS OCCIDENTIAL 190,458.690 190,458.69 945,116.06
8.650% 12/31/1997 945,116.060
UNITED OF OMAHA LIFE 88,147.470 88,147.47 96,037.87
4.800% 01/15/1997 96,037.870
UNITED OMAHA 60,082.170 60,082.17 1,627,500.00
8.500% 12/19/1994 1,627,500.000
CDC INVESTMENT CORP 8,435,313.120 8,435,313.12 389,785.00
6.91% 10/31/1998 389,785.000
CDC INVESTMENT MGMT CORP 3,042,336.640 3,042,336.64 51,357.16
# 121-04 7.47% 06/15/1999 51,357.160
47
53
SCHEDULE V
----------
BANKERS TRUST COMPANY ITEM 27D PART 2 -- SCHEDULE OF GLOBAL ASSETS -- PE
PARALLEL TESTING REPORTABLE TRANSACTIONS
CUMULATIVE TRANSACTIONS BY ISSUE PREPARED ON ACCRUAL BASIS (TRADE-DATED)
FROM 07/01/1994 TO 06/30/1995 09/13/95 PAGE 1
ACCOUNT 124079 -- COMBINED HARRIS CORPORATION
RETIREMENT PLAN
COMBINED REPORT
MARKET VALUE
06/30/1994 $1,283,858,960.52
DISPOSED ACQUIRED
--------------------------------------- ---------------------------
SECURITY DESCRIPTION SALES PROCEEDS GAIN OR LOSS- PURCHASES COST
- ---------------------------------------- ----- -------------- ------------- --------- --------------
BT PYRAMID DIRECTED ACCOUNT CASH FUND 706 596,081,691.88 0.00 1,129 643,552,345.80
TBC INC POOLED EMPLOYEE FUNDS 55 76,295,217.00 0.00 93 45,601,382.00
DAILY LIQUIDITY FUND
BANK OF AMERICA SHORT TERM 21 45,958,242.48 0.00 26 34,710,878.03
48
54
SIGNATURES
The Plans. Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plans)
have duly caused this annual report to be signed on their behalf by the
undersigned hereunto duly authorized.
Harris Corporation Retirement Plan
/s/ Keith M. Davis
------------------------------------
Keith M. Davis
Plan Administrator
Harris Corporation Union Retirement
Plan
/s/ Keith M. Davis
------------------------------------
Keith M. Davis
Plan Administrator
Date: December 22, 1995