EX-99.4 6 exhibit_99-4.htm 2001 11-K/A FOR TAX DEFERRED SAVINGS PLAN SECURITIES AND EXCHANGE COMMISSION

EXHIBIT 99.4

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 11-K/A

(Mark One)

   

[X]

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2001

OR

[  ]

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________.



Commission File No. 1-768

TAX DEFERRED SAVINGS PLAN
(Full title of the Plan)

CATERPILLAR INC.
(Name of issuer of the securities held pursuant to the Plan)

100 NE Adams Street, Peoria, Illinois 61629
(Address of principal executive offices)


REQUIRED INFORMATION

Item 1.
The audited statement of net assets available for plan benefits as of the end of the latest two fiscal years of the Plan is attached hereto as Exhibit A.

Item 2.
The audited statement of changes in net assets available for plan benefits for each of the latest two fiscal years of the Plan is attached hereto as Exhibit B.

Item 3.
The statements required by Items 1 and 2 have been prepared in accordance with the applicable financial reporting requirements of ERISA.

Item 4.
The Consent of Independent Accountants is attached hereto as Exhibit C.

 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

TAX DEFERRED SAVINGS PLAN

 

 
       CATERPILLAR INC. (Issuer)


January 17, 2003

 

 
By:

 
/s/ F. Lynn McPheeters

     

Name:

F. Lynn McPheeters

     

Title:

Vice President and Chief Financial Officer

 

-2-


Caterpillar Inc.
Tax Deferred Savings Plan
Financial Statements and Supplemental Schedule
December 31, 2001 and 2000

-3-


Report of Independent Accountants

To the Participants, Investment Plan Committee
and Benefits Funds Committee of the
Caterpillar Inc. Tax Deferred Savings Plan


In our opinion, the accompanying statement of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Caterpillar Inc. Tax Deferred Savings Plan (the Plan) at December 31, 2001 and 2000, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.


Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets held for investment purposes as of December 31, 2001 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.


Peoria, Illinois
May 21, 2002

-4-


EXHIBIT A

CATERPILLAR INC.
TAX DEFERRED SAVINGS PLAN

STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2001 AND 2000
(Dollars in 000's)


   

2001

   

2000

 
   
   
 

Investments:

           
 

Interest in the Caterpillar Inc. 401(k) Master Trust

 

$

265,289

   

$

272,045

 

Other investments

 

2,447

   

3,000

 
   
   
 
   

Net assets available for benefits

 

$

267,736

   

$

275,045

 
       
   
 

The accompanying notes are an integral part of the financial statements

-5-


EXHIBIT B

CATERPILLAR INC.
TAX DEFERRED SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2001 AND 2000
(Dollars in 000's)


   

2001

   

2000

 
   
   
 

Participant contributions

$

16,431

 

$

18,448

 

Employer contributions

 

546

   

334

 
   
   
 

Total contributions  

16,977

   

18,782

 
   
   
 

Investment loss:

           

Net depreciation in fair value of registered investment companies  

(916

)

 

(396

)

 

Plan interest in net investment loss of Master Trust  

(11,648

)

 

(5,446

)

   
   
 

Net investment loss  

(12,564

)

 

(5,842

)

   
   
 

Withdrawals

 

(12,016

)

 

(16,694

)

Transfers from other plans, net

 

294

   

10,358

 
   
   
 

 

  Withdrawals and transfers, net  

(11,722

)

 

(6,336

)

   
   
 

(Decrease) increase in net assets available for benefits

 

(7,309

)

 

6,604

 

Net assets available for benefits:

           

Beginning of year  

275,045

   

268,441

 
   
   
 

 

End of year  

$

267,736

   

$

275,045

 
   
   
 

The accompanying notes are an integral part of the financial statements

-6-


CATERPILLAR INC.
TAX DEFERRED SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - PLAN DESCRIPTION:

The following description of the Caterpillar Inc. Tax Deferred Savings Plan (the Plan) provides only general information. Employees should refer to the Plan agreement for a more complete description of the Plan's provisions.

General
The Plan is a contributory defined contribution plan established by Caterpillar Inc. (the Company) to enable eligible employees of the Company and its subsidiaries (the participating employers) which adopt the Plan to accumulate funds.

Participation
Employees of the participating employers under collective bargaining agreements to which the Plan is extended who meet certain age, service and citizenship or residency requirements are eligible to participate in the Plan. Participation commences upon an eligible employee filing an application with the Company. Participating eligible employees (the participants) elect to defer a portion of their compensation until retirement.

Participant accounts
Accounts are separately maintained for each participant. The participant's account is credited with the participant's contribution as defined below and an allocation of Plan earnings. Allocations of earnings are based on participant account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

Loan provisions
The Plan provides for participant loans against eligible participants' account balances. Eligible participants obtain loans by filing a loan application with the Company and receiving approval thereof. Loan amounts are generally limited to the lesser of $50,000 or 50% of the individual participant's account balance, within certain regulatory restrictions. Loan repayment terms may range from 6 to 117 months depending on the type of loan and bear interest at the prime interest rate plus 1% rounded to the nearest whole percent, as determined at the time of loan origination. Repayments, including interest, are made through after-tax payroll deductions and are credited to the individual participant's account balance.

Contributions
Participant contributions are made through a pretax compensation deferral as elected by the participants and are contributed to the Plan by the participating employers. For 2001 and 2000, the compensation deferral was limited to (a) the greater of $6,000 or 4% of the participant's compensation (limited by the Internal Revenue Code to $10,500 in 2001 and 2000) for participants earning in excess of $85,000 in 2001 and $80,000 in 2000 or (b) $10,500 in 2001 and 2000 for participants earning less than $85,000 in 2001 and $80,000 in 2000.

Certain employee groups also receive a Company matching contribution ranging 100% of the first 2% and 50% in excess of 2% up to 8% of the participants' eligible compensation.

-7-


Investment programs
Participants may elect to have their contributions invested in any combination of the following thirteen investment fund options at December 31, 2001:

  • Caterpillar Stock Fund

  • Preferred Stable Principal Fund

  • Preferred Short-Term Government Fund

  • Preferred Money Market Fund

  • Preferred Value Fund

  • Preferred International Fund

  • Preferred Growth Fund

  • Preferred Asset Allocation Fund

  • Preferred Fixed Income Fund

  • Preferred Small Cap Fund

  • Northern Trust Russell 3000

  • Preferred Mid Cap Growth Fund

  • Preferred International Growth Fund

In addition, a self-directed fund option allows participants to invest in various other mutual funds outside of the standard Plan options. State Street Bank serves as custodian for funds invested through this self-directed fund option.

Vesting and distribution provisions
Participants are immediately fully vested in their participant contributions and earnings thereon. Upon termination of employment for any reason, including death, retirement or total and permanent disability, or upon Plan termination, the balance in participants' accounts are distributable.

Participants also vest immediately in the Company's matching contributions and the earnings thereon.

Administration
The Plan is administered by the Vice President - Human Services Division of Caterpillar Inc. who is responsible for nonfinancial matters, and the Benefits Funds Committee of Caterpillar Inc. which is responsible for financial aspects of the Plan. Caterpillar Inc. and the Benefit Funds Committee have entered into a trust agreement with The Northern Trust Company to receive contributions, administer the assets of the Plan and distribute withdrawals pursuant to the Plan.

Plan termination
Although it has not expressed any intent to do so, the Company has the right under the Plan at any time to terminate the Plan subject to provisions of ERISA. In the event of Plan termination, any unallocated assets of the Plan shall be allocated to participant accounts and distributed in such a manner as the company may determine.

Federal income tax status
The Internal Revenue Service has determined and informed the Company by letter dated April 13, 1999, that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code (IRC). The Plan has been amended subsequent to the determination letter; however, the Plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. Therefore, they believe that the Plan is qualified and the related trust is tax-exempt as of the financial statement date.

Risks and uncertainties
The Plan provides for various investment options in any combination of stocks, bonds, fixed income securities, mutual funds and other investment securities. Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities could occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits.

-8-


Reclassifications
Certain 2000 amounts have been reclassified to conform with the 2001 presentation. These reclassifications have no impact on net assets as previously presented.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Basis of accounting
The Plan's accounts are maintained on the accrual basis of accounting.

Investments
The fair value of the Plan's investment in the 401(k) Master Trust (Note 3) is based upon the beginning of the year value of the Plan's investment plus actual contributions, transfers and allocated investment income (loss) less actual withdrawals. Shares of registered investment companies included in the self-directed fund option are valued at quoted market prices which represent the net asset value of shares held by the Plan at year end. Income from investments is recorded as earned.

Administrative expenses
Administrative costs, including trustee fees and certain investment costs, are paid by the Company.

Withdrawals
Withdrawals are recorded when paid.

Transfers
Transfers from other plans generally represent account balance transfers for participants who transfer from one plan covered by the Master Trust to another plan covered by the Master Trust. In addition, during 2000, the Caterpillar Agricultural Products Inc. Shop Employees Retirement Plan and Caterpillar Agricultural Products Inc. Office Employees Retirement Plan merged into the Plan with participant account balances of $10,305,000 transferred into the Plan.

Use of estimates in the preparation of financial statements
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and benefit payments. Actual results could differ from those estimates. The Company believes the techniques and assumptions used in establishing these amounts are appropriate.

NOTE 3 - MASTER TRUST:

Under a Master Trust agreement with The Northern Trust Company (the Trustee), Part 2 of the Caterpillar Inc. Employees' Investment Plan (EIP), the Solar Turbines Incorporated Savings and Investment Plan and the Caterpillar Inc. Tax Deferred Savings Plan pool their investments in the Caterpillar Inc. 401(k) Master Trust (the Master Trust) in exchange for a percentage of participation in the Master Trust.

-9-


The Master Trust invests mainly in the Preferred Group of Mutual Funds, registered investment companies which are sponsored by Caterpillar Investment Management Ltd. (CIML), a wholly-owned subsidiary of the Company. The investment options available to the participants are summarized in Note 1.

CIML manages the Preferred Small Cap Fund and the Preferred Short-Term Government Fund. All other funds are managed by unrelated investment managers. Caterpillar Securities, Inc., a wholly-owned subsidiary of CIML, distributes the shares of the mutual funds to the Master Trust.

The percentage of the Plan's participation in the Master Trust was determined based on the December 31, 2001 and 2000 fair values of net assets, as accumulated by the Trustee for the investment funds of each plan. At December 31, 2001 and 2000, the Plan's pro rata interest in the quoted fair values of net assets of the Master Trust was 15.52% and 15.27%, respectively.

Investment valuation
The Master Trust's investments are stated at fair value. Common stock and cash and cash equivalents are valued at quoted market prices. Shares of registered investment companies are valued at quoted market prices which represent the net asset value of shares held by the Master Trust at year end. Common and collective trust investments are valued at beginning of year value of the Master Trust's investment plus actual contributions, transfers and allocating investment income less actual withdrawals. Participant loans are valued at estimated fair value which consists of outstanding principal and related accrued interest.

The net investment income or loss of the Master Trust is reflected in the financial statements of the Plan based on the actual earnings of each investment fund as allocated to the Plan based on average investment balances throughout the year.

Details of the net assets and significant components of the net investment (loss) income of the Master Trust are as follows:

   

December 31,

 
   
 
   

2001

   

2000

 
   
   
 
   

(Dollars in 000's)

 

Investments, at fair value:

           
 

Cash and cash equivalents

 

$

10,154

   

$

12,974

 

Common stock

 

395,577

   

433,253

 
 

Registered investment companies

 

1,081,924

   

1,134,579

 

Common and collective trust

 

175,750

   

138,174

 
 

Participant loans

 

26,309

   

27,553

 
   
   
 

Total investments

 

1,689,714

   

1,746,533

 
             

Dividend and interest receivable

 

22

   

964

 

Transfers receivable from EIP Part 1

 

2,341

   

428

 

Contributions receivable

 

6,193

   

6,649

 

Other receivable/(payable), net

 

143

   

(359

)

   
   
 
   

Master Trust net assets

 

$

1,698,413

   

$

1,754,215

 
   
   
 

-10-


   

For the year ended
December 31,

 
   
 
   

2001

   

2000

 
   
   
 
   

(Dollars in 000's)

 

Investment (loss) income:

           
 

Interest

 

$

3,590

   

$

3,960

 

Dividends

 

11,528

   

12,048

 
 

Net appreciation (depreciation) in fair value of -

           

Common stock

 

44,598

   

29,263

 
   

Registered investment companies

 

(125,201

)

 

(71,665

)

Common and collective trust

 

7,967

   

7,226

 
   
   
 
     

Net investment loss

 

$

(57,518

)

 

$

(19,168

)

   
   
 

-11-


SUPPLEMENTAL SCHEDULE

-12-


CATERPILLAR INC.
TAX DEFERRED SAVINGS PLAN

SCHEDULE H, LINE 4I, SCHEDULE OF ASSETS HELD AT END OF YEAR
DECEMBER 31, 2001


(a)

   

(b)

 

(c)

 

(d)

 

(e)

     

Identity of issue,
borrower, lessor
or similar party

 

Description of investment, including maturity date, 
rate of interest, collateral, par or maturity value

 

Cost **

 

Current
Value


   
 
 
 

*

Caterpillar Inc.

 

401(k) Master Trust

     

$

265,289,000

                 
     

Accessor

 

FSD Inc. Growth; 52.79 units

       

1,198

 

AIM

 

Weingarten Class B; 1,674.00 units

       

21,143

     

Alliance

 

Premier Growth Class A; 503.20 units

       

10,225

     

Technology Class B; 363.68 units

       

22,690

     

American Century

 

20th Century Int'l Growth; 15,885.24 units

       

126,605

     

20th Century Century Vista; 638.05 units

       

7,082

         

Equity Growth; 145.03 units

       

2,790

     

Global Natural Resources; 946.37 units

       

11,252

         

Income & Growth; 162.46 units

       

4,443

     

Technology; 2,646.71 units

       

5,690

     

Ameristock

 

Mutual Fund; 251.44 units

       

10,259

 

Baron

 

Asset; 225.64 units

       

10,032

         

Small Cap Fund; 1,742.83 units

       

26,508

 

Berger

 

Large Cap Growth Fund N/C; 185.19 units

       

2,031

         

Small Cap Val Retail; 301.78 units

       

8,471

 

Berkshire

 

Focus Fund; 278.16 units

       

2,590

     

Black Oak

 

Emerging Technology Fund; 3,149.67 units

       

12,441

 

Bridgeway

 

Aggressive Growth; 902.82 units

       

34,785

         

Micro Cap Limited; 684.17 units

       

6,527

 

Cash

 

Cash Balance; 0.01 units

       

 -

     

Clipper

 

Clipper; 131.79 units

       

11,008

 

Credit Suisse

 

War Pin Japan Small Company; 4,806.59 units

       

8,604

         

War Pincus Japan Growth N/C; 1,476.11 units

       

7,691

 

Dresdner

 

RCM Biotechnology N; 418.65 units

       

11,471

         

RCM Europe Class N; 898.98 units

       

7,273

     

RCM Global Health Care N; 337.12 units

       

6,918

         

RCM Global Technology Class N; 171.42 units

       

5,191

     

RCM Global Technology Fund; 166.87 units

       

5,096

     

Dreyfus

 

Appreciation Fund; 256.98 units

       

9,770

     

Disciplined Stock Class R; 134.37 units

       

4,296

         

Midcap Index Fund; 2,368.34 units

       

49,877

     

Premier Ltd Term High Inc. Class A; 578.23 units

       

4,585

     

Eaton Vance

 

Worldwide Health Science Class A; 924.39 units

       

9,549

 

Federated

 

Aggressive Growth Class B; 51.61 units

       

590

     

Fidelity

 

Disciplined Equity; 1,907.93 units

       

42,165

     

Dividend Growth; 2,823.65 units

       

79,994

         

Emerging Growth; 1,052.89 units

       

20,026

     

Growth Company; 154.31 units

       

8,212

         

Japan; 708.22 units

       

6,445

     

Japan Small Compaines; 1,254.71 units

       

8,005

         

Low Priced Stock; 467.51 uniits

       

12,819

     

OTC Port; 79.92 units

       

2,491

         

Overseas; 71.42 units

       

1,958

     

Select NWK & Infrastructure; 259.61 units

       

766

         

Select Wireless Portfolio; 243.97 units

       

1,325

     

Utilities; 48.59 units

       

655


-13-


     

Firsthand

 

Communications; 452.23 units

       

1,506

     

E-Commerce; 306.41 units

       

1,051

         

Technology Leaders; 364.98 units

       

6,884

     

Technology Innovator; 297.71 units

       

4,882

         

Technology Value; 1,871.81 units

       

77,212

 

Franklin

 

Gold Class II; 2.36 units

       

22

     

Gabelli

 

Global Telecommunications FD; 219.95 units

       

3,071

     

Growth Shares Ben Int; 348.36 units

       

9,991

     

Galaxy

 

Utility Index; 115.69 units

       

1,093

 

Green

 

Century Balanced; 269.16 units

       

4,309

     

Growth

 

Growth Fund of America; 330.75 units

       

7,842

 

Invesco

 

Blue Chip Growth N/C; 131.54 units

       

342

         

Dynamics N/C; 1,784.56 units

       

28,428

     

Energy N/C; 649.70 units

       

11,285

         

International European; 679.79 units

       

7,675

     

Leisure N/C; 121.19 units

       

4,562

         

Technology N/C; 92.38 units

       

3,009

     

Telecomm #39 N/C; 259.47 units

       

4,312

     

Investment

 

Investment Company of America; 328.94 units

       

9,385

 

Janus

 

Enterprise; 712.17 units

       

22,790

         

Fund; 470.61 units

       

11,577

     

Fund 2; 1,000.00 units

       

7,450

         

Global Life Sciences; 2,007.30 units

       

35,268

     

Global Technology; 2,887.77 units

       

35,058

         

Investment Balanced; 500.01 units

       

9,815

     

Investment Growth & Income; 739.43 units

       

22,161

         

Investment Mercury; 2,962.77 units

       

61,596

     

Investment Overseas; 474.41 units

       

9,630

         

Investment Twenty; 992.57 units

       

38,174

     

Investment Worldwide; 1,743.41 units

       

76,431

         

Olympus; 1,957.60 units

       

54,519

     

Orion Fund; 4,766.07 units

       

28,501

         

Strategic Value Fund; 1,235.38 units

       

11,440

 

John Hancock

 

Sovern Investors Class B; 1,552.89 units

       

30,840

     

Masters

 

Select Equity; 763.56 units

       

9,613

 

Matthews

 

Dragon Century China; 534.70 units

       

5,053

     

Meridian

 

Fund; 103.61 units

       

2,983

     

Value Fund; 1,349.06 units

       

43,736

     

Midas

 

Midas Fund; 950.93 units

       

903

 

Millenium

 

Growth & Income; 401.94 units

       

2,516

     

Montgomery

 

Global Communication; 25.62 units

       

261

     

Mid Cap 20 Class R; 52.09 units

       

413

         

Sht Duration Government Bond; 1,097.16 units

       

11,191

 

MSIF

 

Trust Mid Cap Growth Port N/C; 359.85 units

       

6,279

     

Munder

 

Bio Tech2 Class B; 265.39 units

       

1,823

     

International Net Net Class A; 393.73 units

       

1,008

         

Net Net Class A; 271.06 units

       

4,874

     

Power Plus Class II; 109.26 units

       

920

     

Neuberger & Berman

 

Focus Trust Frmly Selected Sectors TR; 91.82 units

       

2,323

 

Nevis

 

Nevis Fund; 189.54 units

       

2,799


-14-


     

Oakmark

 

Oakmark Fund; 57.67 units

       

2,034

     

Oakmark Select; 485.03 units

       

13,212

     

PBHG

 

Clipper Focus N/C; 216.53 units

       

3,289

     

Growth; 101.42 units

       

2,065

         

Select Equity; 919.98 units

       

22,438

     

Technology & Communication; 2,392.27 units

       

39,209

     

Pimco

 

Global Innovation Class B; 27.94 units

       

235

     

Innovation Class B; 70.18 units

       

1,489

         

Total Return Class A; 1,114.92 units

       

11,662

 

Pin Oak

 

Aggressive Stock; 688.66 units

       

16,452

     

Pioneer

 

High Yield Class A; 203.28 units

       

2,232

 

Potomac

 

OTC Plus; 194.78 units

       

2,415

     

Putnam

 

Fund for Growth & Income Cl A; 619.74 units

       

10,982

     

International Growth Class A; 367.48 units

       

7,283

     

 

 

OTC & Emerging Growth; 147.52 units

       

1,107

 

Red Oak

 

Technology Select; 4,200.06 units

       

40,279

     

Reynolds

 

Blue Chip Growth; 141.12 units

       

4,925

 

RS

 

Aggressive Growth; 1,214.88 units

       

7,520

         

Emerging Growth N/C; 214.73 units

       

6,874

 

Rydex

 

Biotechnology Inv Class; 377.51 units

       

9,355

         

Electronics Inv. Class; 1,237.75 units

       

19,915

     

OTC Fund; 1,660.63 units

       

18,350

     

Scudder

 

Growth & Income; 111.73 units

       

2,353

 

Select

 

Biotechnology; 55.12 units

       

3,589

     

Select

 

Computers; 73.88 units

       

2,810

     

Develop Communications; 106.75 units

       

2,018

         

Electronics; 342.16 units

       

16,858

     

Energy Service; 198.64 units

       

5,876

         

Health Care; 33.82 units

       

4,304

     

Technology; 18.53 units

       

1,123

         

Telecom; 83.38 units

       

3,020

 

Selected

 

American Shares; 295.77 units

       

9,166

     

SIT

 

Small Cap Growth; 261.91 units

       

6,603

 

Spectra

 

Spectra Fund Inc.; 1,041.20 units

       

7,268

     

SSGA

 

Money Market Fund; 322,829.33 units

       

322,829

 

Stien Roe

 

Intermediate Bond N/C; 1,350.48 units

       

11,965

         

Young Investor N/C; 32.01 units

       

683

 

Strong

 

Blue Chip 100; 50.01 units

       

618

         

Corporate Bond Income; 1,719.43 units

       

18,054

     

Enterprise; 223.49 units

       

4,948

         

Growth & Income; 161.40 units

       

3,273

     

Large Cap Growth N/C; 6.18 units

       

145

         

Technology 100 Fund; 999.26 units

       

4,806

 

T Rowe Price

 

Blue Chip Growth Inc; 148.18 units

       

4,293

         

Media & Telecommunications; 192.38 units

       

3,876

     

Mid Cap Growth; 493.71 units

       

19,452

         

Price Science & Technology; 407.01 units

       

8,515

 

The Internet Fund

 

The Internet Fund; 433.18 units

       

9,443

     

Turner

 

Healthcare & Biotechnology II; 931.61 units

       

11,282

     

New Energy & Power Technology II; 828.73 units

       

6,970


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Ultra

 

OTC Pro Fund Investor's Shares; 97.03 units

       

3,625

     

OTC Pro Fund Service Shares; 10.66 units

       

382

     

Value Line

 

Asset Allocation; 1,036.40 units

       

17,857

 

Van Kampen

 

Real Estate Sec Class A; 519.55 units

       

7,383

     

Van Wagoner

 

Income Post Venture; 218.05 units

       

2,189

 

Vanguard

 

Equity Income; 261.27 units

       

5,933

         

Fixed Income International Term Co; 1,807.65 units

       

17,588

     

GNMA Fixed Income Securities; 298.21 units

       

3,095

         

Growth & Income; 583.81 units

       

16,463

     

Growth Index; 1,045.12 units

       

27,602

         

Index Trust S&P 500 Portfolio; 1,015.49 units

       

107,531

     

US Growth Portfolio; 642.70 units

       

12,115

         

Vanguard/Wellington Income; 111.37 units

       

3,036

 

Wasatch

 

Growth; 366.07 units

       

12,666

         

Hoisington Treasury; 56.08 units

       

670

 

Weitz

 

Value; 712.30 units

       

24,425

     

White Oak

 

Growth Stock; 466.55 units

       

17,934

 

WM Sam

 

Strategic Growth Class B; 2,633.02 units

       

35,019

             
         

Total registered investment companies

       

2,447,323

                 
     

Total Investments

     

$

267,736,323

             

* Denotes party in interest.

** Cost information is not applicable for participant directed investments.

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EXHIBIT C

Consent of Independent Accountants

 

We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-8003) of Caterpillar Inc. of our report dated May 21, 2002 relating to the financial statements of the Caterpillar Inc. Tax Deferred Savings Plan, which appears in this Form 11-K.


PricewaterhouseCoopers LLP

Peoria, Illinois
May 24, 2002

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