11-K
1
FORM 11-K
(X) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
For the fiscal year ended December 31, 1993
OR
( ) TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from to
Commission File No. 2-70746
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS
(Full title of the Plan)
Central and South West Corporation
1616 Woodall Rodgers Freeway, Dallas, Texas 75202
(Name and address of the issuer of the securities held pursuant to the Plan.)
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Central and South West System
Benefits Advisory Committee:
We have audited the accompanying statements of net assets available for
benefits of the Central and South West Corporation Thrift Plus as of December
31, 1993 and 1992, and the related statements of changes in net assets
available for benefits for each of the three years ended December 31, 1993.
These financial statements and the schedules referred to below are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements and schedules based on our audits.
We conducted our audits in accordance with 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 the Plan's management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Central
and South West Corporation Thrift Plus as of December 31, 1993 and 1992, and
the changes in its net assets available for benefits for each of the three
years ended December 31, 1993, in conformity with generally accepted
accounting principles.
Our audit was made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment purposes and reportable transactions are presented for
purposes of additional analysis and are not a required part of the basic
financial statements but are supplementary information required by the
Department of Labor Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. The supplemental
schedules have been subjected to the auditing procedures applied in the audit
of the basic financial statements and, in our opinion, are fairly stated in
all material respects in relation to the basic financial statements taken as a
whole.
Arthur Andersen & Company
Dallas, Texas,
June 1, 1994
CENTRAL AND SOUTH WEST CORPORATION THRIFT PLUS
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
AS OF DECEMBER 31, 1993
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income Loan
Fund Stock Fund Fund Fund Fund Fund Total
Investments
Contracts with
insurance companies $ 34,316 $ - $ - $ - $ - $ - $ 34,316
Common stock, 9,755
shares for 1993 at
market (cost of $171,734) - 295,102 - - - - 295,102
Mutual funds and
other investments 126,783 - 6,952 22,708 18,087 - 174,530
Fixed income temporary
investments 2,142 1,284 25 78 47 12 3,588
Loans to participants - - - - - 24,342 24,342
------- ------- ----- ------ ------ ------ -------
163,241 296,386 6,977 22,786 18,134 24,354 531,878
------- ------- ----- ------ ------ ------ -------
Current Assets
Accounts receivable
Participants 452 1,029 45 191 132 - 1,849
Employer 202 431 16 64 42 - 755
Due from other funds - - 528 99 398 17 1,042
Accrued interest 696 - - - - - 696
----- ----- ----- ------ ------ ------ -------
1,350 1,460 589 354 572 17 4,342
----- ----- ----- ------ ------ ------ -------
Total Assets 164,591 297,846 7,566 23,140 18,706 24,371 536,220
------- ------- ----- ------ ------ ------ -------
Less Liabilities
Distributions payable 487 565 18 14 24 - 1,108
Due to other funds 442 600 - - - - 1,042
Loans payable - - - - 18 18
------- ------- ----- ------ ------ ------ -------
Total Liabilities 929 1,165 18 14 24 18 2,168
------- ------- ----- ------ ------ ------ -------
Net assets available
for benefits $ 163,662 $ 296,681 $ 7,548 $ 23,126 $ 18,682 $ 24,353 $ 534,052
======== ======== ======= ======= ======= ======= ========
The accompanying notes are an integral part of this statement.
CENTRAL AND SOUTH WEST CORPORATION THRIFT PLUS
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
AS OF DECEMBER 31, 1992
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income Loan
Fund Stock Fund Fund Fund Fund Fund Total
Investments
Contracts with
insurance companies $ 54,888 $ - $ - $ - $ - $ - $ 54,888
Common stock, 9,071
shares for 1992 at
market (cost of $149,786) - 264,193 - - - - 264,193
Mutual funds and
other investments 105,310 - 4,931 16,914 10,806 - 137,961
Fixed income temporary
investments 5,511 1,701 30 24 28 - 7,294
Loans to participants - - - - - 20,866 20,866
------- ------- ------ ------ ------- ------ -------
165,709 265,894 4,961 16,938 10,834 20,866 485,202
------- ------- ------ ------ ------- ------ -------
Current Assets
Accounts receivable
Participants 514 860 41 171 106 - 1,692
Employer 227 360 16 67 41 - 711
Due from other funds - - 75 92 539 - 706
Accrued interest 464 1 18 396 194 - 1,073
------- ------- ------ ------ ------- ------ -------
1,205 1,221 150 726 880 - 4,182
------- ------- ------ ------ ------- ------ -------
Total Assets 166,914 267,115 5,111 17,664 11,714 20,866 489,384
------- ------- ------ ------ ------- ------ -------
Less Liabilities
Distributions payable 775 569 - 22 2 - 1,368
Due to other funds 119 549 - - - 38 706
------- ------- ------ ------ ------- ------ -------
Total Liabilities 894 1,118 - 22 2 38 2,074
------- ------- ------ ------ ------- ------ -------
Net assets available
for benefits $ 166,020 $ 265,997 $ 5,111 $ 17,642 $ 11,712 $ 20,828 $ 487,310
======= ======= ====== ====== ======= ====== =======
The accompanying notes are an integral part of this statement.
CENTRAL AND SOUTH WEST CORPORATION THRIFT PLUS
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1993
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income Loan
Fund Stock Fund Fund Fund Fund Fund Total
STATEMENT OF CHANGES
IN NET ASSETS
Balance, beginning of year $ 166,020 $ 265,997 $ 5,111 $ 17,642 $ 11,712 $ 20,828 $ 487,310
Additions
Contributions
Participants 6,204 12,425 520 2,351 1,535 - 23,035
Employers 2,695 5,090 209 875 563 - 9,432
Net earnings 10,059 24,516 418 805 1,645 1,789 39,232
-------- ------- ------ ------ -------- ------ -------
Total additions 18,958 42,031 1,147 4,031 3,743 1,789 71,699
-------- ------- ------ ------ -------- ------ -------
Transfers to/from loan fund, net (1,420) (1,025) 28 221 80 2,116 -
Transfers of participant balances (11,233) 4,783 1,439 1,637 3,374 - -
Deductions
Cash distributions 8,663 10,130 177 405 227 380 19,982
Distribution of securities - 4,975 - - - - 4,975
-------- ------- ------ ------ -------- ------ -------
Total distributions 8,663 15,105 177 405 227 380 24,957
-------- ------- ------ ------ -------- ------ -------
Balance, end of year $ 163,662 $ 296,681 $ 7,548 $ 23,126 $ 18,682 $ 24,353 $ 534,052
======== ======= ====== ====== ======== ====== =======
STATEMENT OF EARNINGS
Dividends $ - $ 15,120 $ 346 $ 1,891 $ 941 $ - $ 18,298
Interest income 7,623 98 2 5 5 2 7,735
Interest income on loans - - - - - 1,787 1,787
Realized gain on common stock - 337 - - - - 337
Realized gain on sales of
investments 1,259 - 80 1 3 - 1,343
Current year unrealized
appreciation/(depreciation) 1,177 8,961 (10) (1,092) 696 - 9,732
------- ------- ------ ------ -------- ------ -------
Net earnings $ 10,059 $ 24,516 $ 418 $ 805 $ 1,645 $ 1,789 $ 39,232
======= ======= ====== ====== ======== ====== =======
The accompanying notes are an integral part of this statement.
CENTRAL AND SOUTH WEST CORPORATION THRIFT PLUS
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1992
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income Loan
Fund Stock Fund Fund Fund Fund Fund Total
STATEMENT OF CHANGES
IN NET ASSETS
Balance, beginning of year $ 184,165 $ 219,869 $ 3,795 $ 9,729 $ 6,848 $ 15,131 $ 439,537
-------- -------- ------ ------ --------- ------- --------
Additions
Contributions
Participants 7,431 9,847 482 2,127 1,288 - 21,175
Employers 3,225 4,175 199 820 510 - 8,929
Net earnings 12,357 32,750 419 2,339 1,201 1,586 50,652
-------- -------- ------ ------ --------- ------- --------
Total additions 23,013 46,772 1,100 5,286 2,999 1,586 80,756
-------- -------- ------ ------ --------- ------- --------
Transfers to/from loan fund, net (2,891) (1,898) 4 116 74 4,595 -
Transfers of participant balances (25,266) 19,939 413 2,899 2,015 - -
Deductions
Cash distributions 13,001 8,188 201 388 224 484 22,486
Distribution of securities - 10,497 - - - - 10,497
-------- -------- ------ ------ --------- ------- --------
Total distributions 13,001 18,685 201 388 224 484 32,983
-------- -------- ------ ------ --------- ------- --------
Balance, end of year $ 166,020 $ 265,997 $ 5,111 $ 17,642 $ 11,712 $ 20,828 $ 487,310
======== ======== ====== ====== ========= ======= ========
STATEMENT OF EARNINGS
Dividends $ - $ 13,380 $ 256 $ 711 $ 554 $ - $ 14,901
Interest income 12,493 132 30 6 4 10 12,675
Interest income on loans - - - - - 1,576 1,576
Realized gain on common stock - 247 - - - - 247
Realized gain on sales of
investments 260 - 34 5 5 - 304
Current year unrealized
appreciation/(depreciation) (396) 18,991 99 1,617 638 - 20,949
-------- -------- ------ ------ --------- ------- --------
Net earnings $ 12,357 $ 32,750 $ 419 $ 2,339 $ 1,201 $ 1,586 $ 50,652
======== ======== ====== ====== ========= ======= ========
The accompanying notes are an integral part of this statement.
CENTRAL AND SOUTH WEST CORPORATION THRIFT PLUS
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1991
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income Loan
Fund Stock Fund Fund Fund Fund Fund Total
STATEMENT OF CHANGES
IN NET ASSETS
Balance, beginning of year $ 187,124 $ 181,177 $ - $ - $ - $ - $ 368,301
-------- -------- ------- ------ --------- ------- --------
Additions
Contributions
Participants 9,409 6,182 463 1,445 974 - 18,473
Employers 4,211 2,728 204 556 410 - 8,109
Net earnings 15,124 50,510 265 1,338 534 8 67,779
Loan repayments - - - - - 472 472
-------- -------- ------- ------ --------- ------- --------
Total additions 28,744 59,420 932 3,339 1,918 480 94,833
-------- -------- ------- ------ --------- ------- --------
Transfers to/from loan fund, net (7,394) (6,686) (214) (244) (195) 14,733 -
Transfers of participant balances (11,143) (3,889) 3,115 6,692 5,225 - -
Deductions
Cash distributions 13,166 5,950 38 58 100 82 19,394
Distribution of securities - 4,203 - - - - 4,203
-------- -------- ------- ------ --------- ------- --------
Total distributions 13,166 10,153 38 58 100 82 23,597
-------- -------- ------- ------ --------- ------- --------
Balance, end of year $ 184,165 $ 219,869 $ 3,795 $ 9,729 $ 6,848 $ 15,131 $ 439,537
======== ======== ======= ====== ========= ======= ========
STATEMENT OF EARNINGS
Dividends $ - $ 11,574 $ 54 $ 209 $ 280 $ - $ 12,117
Interest income 15,125 138 94 6 4 8 15,375
Realized gain on common stock - 326 - - - - 326
Realized gain on sales of
investments - - - 12 - - 12
Current year unrealized
appreciation/(depreciation) (1) 38,472 117 1,111 250 - 39,949
-------- -------- ------- ------ --------- ------- --------
Net earnings $ 15,124 $ 50,510 $ 265 $ 1,338 $ 534 $ 8 $ 67,779
======== ======== ======= ====== ========= ======= ========
Thes accompanying notes are an integral part of this statment.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS
NOTES TO FINANCIAL STATEMENTS
(1) DESCRIPTION OF THE PLAN
The Central and South West Corporation (Corporation) Employees' Thrift Plan
(Thrift Plan) was adopted by the Corporation effective December 22, 1959, and
was renamed "Central and South West Corporation Thrift Plus" (Thrift Plus),
effective January 1, 1991. The following Central and South West System
companies are participating employers in Thrift Plus:
Central Power and Light Company (CPL)
Public Service Company of Oklahoma (PSO)
Southwestern Electric Power Company (SWEPCO)
West Texas Utilities Company (WTU)
Transok, Inc. (TOK)
Central and South West Services, Inc. (CSWS)
CSW Energy
CSW Development I
Participation
Any employee of the participating employers is eligible to become a
voluntary participant once he has attained the age of 21 and has completed 12
months of service during which he has been employed at least 1,000 hours. At
December 31, 1993 and 1992, there were 8,899 and 8,656 participants in Thrift
Plus, respectively.
Administration
The Thrift Plus is administered by the Corporation's plan administrator as
directed by the Benefits Advisory Committee. The Benefits Advisory Committee
consists of the Chairman, President and Chief Executive Officer; Executive
Vice President, President and Chief Executive Officer, CSW Enterprises;
Executive Vice President, President and Chief Executive Officer, CSW Electric;
Senior Vice President and Chief Financial Officer; Senior Vice President and
General Counsel; and the President and Chief Executive Officers of CPL, PSO,
SWEPCO, WTU, TOK, and other persons the Chief Executive Officer of the
Corporation may appoint. Thrift Plus assets are managed by the Investment
Policy Committee and Investment Committee. The Investment Policy Committee is
comprised of the Chairman, President and Chief Executive Officer; Executive
Vice President, President and Chief Executive Officer, CSW Enterprises;
Executive Vice President, President and Chief Executive Officer, CSW Electric;
Senior Vice President and Chief Financial Officer; and Senior Vice President
and General Counsel. The Investment Committee is comprised of the Senior Vice
President and Chief Financial Officer; Treasurer; Controller; Corporate
Secretary; Vice President of Corporate Services and Manager of Investments of
the Corporation. No member of these Committees may receive any compensation
for their services in that capacity.
Plan Amendments
The Thrift Plan was amended effective January 1, 1991 (1991 Amendment) and
was renamed Thrift Plus. The 1991 Amendment allows participants to make
contributions on a before-tax basis or on an after-tax basis. The
participants' maximum allowable contribution percentage was increased from 10%
to 12% of their annual salary with no change in the employer's contribution.
The 1991 Amendment also provided participants with three additional investment
options and included a loan feature which allows participants to borrow
against their account balances.
Thrift Plus was amended November 11, 1991, to permit former employees of
the Tex/Con Oil and Gas Company who became employees of TOK to participate in
Thrift Plus and to clarify the descriptions of certain of the investment
options.
Thrift Plus was also amended on November 5, 1992, in order to obtain a
favorable determination letter from the Internal Revenue Service (IRS). The
amendment contains numerous technical language modifications, but no
substantive plan administration or investment administration changes. The
favorable determination letter was received from the IRS on August 17, 1992,
subject to the above technical language modifications.
An amendment was added to Thrift Plus on June 30, 1993, which prohibits
nonresident aliens from being participants in Thrift Plus.
Participants' and Employers' Contributions
Generally, eligible employees electing to participate in Thrift Plus may
make contributions in 1% increments up to 12% (10% prior to January 1, 1991)
of their salary. The employers contribute monthly an amount equal to 50% of
the first 6% contribution made by each participating employee with less than
20 years of service and 75% of the first 6% contribution made by each
participating employee with 20 years or more of service, subject to certain
other limitations. No employer contributions are made with respect to
participants' contributions in excess of 6%. Participants can elect to place
their deposits and employer contributions in a Fixed Income Fund, CSW
Corporation Stock Fund, Asset Allocation Fund, Growth and Income Fund, or
Capital Appreciation Fund. All contributions are paid each month to the
Trustee. The Tax Reform Act of 1986 restricts the amount that certain
participants, which it deems highly compensated, may contribute to Thrift
Plus.
Forfeitures of the employers' contributions resulting from termination of
participation in Thrift Plus without a fully-vested interest are used by the
employers to reduce their future contributions. Forfeitures are reinstated if
the participant is re-employed by the employer and returns to Thrift Plus
within five years.
Net contributions made by the employers and the participating employees to
Thrift Plus for the years ended December 31, 1993, 1992 and 1991, were
$32,467,000, $30,104,000, and $26,582,000, respectively.
Distributions and Withdrawals
A participant's account shall be distributable at the option of the
participant, to the participant or his designated beneficiary, upon
termination of employment or death. In the event of termination of a
participant's employment before he reaches age 55, other than by death, there
shall be available to him for distribution (i) in the case of a participant
who had made 36 monthly contributions under Thrift Plus or completed five
years of service, whichever shall occur first, the entire balance of his
account, whether attributable to his own or his employer's contributions; or
(ii) in the case of a participant who has not fulfilled these requirements,
only the balance of his Thrift Plus account attributable to his own
contributions and the earnings thereon.
A participant may make withdrawals at any time from any remaining
contributions previously made by him, but not exceeding the entire balance in
his account. Employer contributions credited to a participating employee's
account and the earnings thereon may not be withdrawn by or paid to the
employee except upon termination as described above or unless the employee has
attained the age of 59 1/2. For discussion of taxability of withdrawals from
Thrift Plus, see Federal Income Taxes Note.
(2) SUMMARY OF ACCOUNTING POLICIES
Basis of Accounting
The financial statements are prepared on the accrual basis of accounting
and the investments of Thrift Plus are stated at market value as determined by
quoted market prices. Amounts due from insurance companies under group
annuity contracts are stated at values pursuant to the contracts.
Stock Purchases
Shares of CSW Corporation stock for Thrift Plus are purchased in the open
market, by private purchase from the Corporation, by matching purchases and
sales directed by two or more Thrift Plus participants (or their
beneficiaries) or otherwise, as the Trustee may determine. The Trustee, at
its discretion, may time the execution of purchase orders for the purpose of
limiting or spreading daily volume of purchases, as it shall deem in the best
interest of the participants.
Stock Split
On November 21, 1991, the Board of Directors authorized a two-for-one
split of the Corporation's common stock effected by means of a 100% stock
dividend paid on March 6, 1992 to shareholders of record on
February 10, 1992. All references to number of shares outstanding have been
adjusted to reflect the stock split on a retroactive basis.
Expenses
All administrative expenses, including Trustee's fees and expenses, are
paid by the participating employers. Brokerage fees and transfer taxes
resulting from net sales of securities are charged to participant's accounts.
Federal Income Taxes
The IRS issued a determination letter dated November 7, 1988, holding the
Thrift Plan to be qualified under Section 401(a) of the Internal Revenue Code
of 1986, as amended (Code). The Corporation applied for determination on
December 27, 1991, to determine if the amended Thrift Plus remains qualified
under the Code and the Employee Retirement Income Security Act of 1974, as
amended (ERISA). A favorable determination letter was received from the IRS
on August 17, 1992, subject to some technical language modifications. See
Note 1 regarding Plan Amendments. The qualification of Thrift Plus has the
following consequences under applicable federal income tax laws: (a) the
employers are entitled to deduct their contributions to Thrift Plus in
computing their federal income taxes; (b) the income of the trust funds
accumulated under Thrift Plus is exempt from federal income tax prior to
distribution; (c) participating employees are not subject to tax on amounts
contributed by them or the employers for the participant's benefit until such
time as such amounts are distributed to them; and (d) upon distribution of a
participant's account, the participant, or designated beneficiary, is taxed as
provided in Section 402 of the Code.
Other
Certain reclassifications have been made to the Statement of Net Assets
Available for Benefits to conform to the 1993 presentation.
(3) INVESTMENT OPTIONS
Fixed Income Fund
Amounts allotted to this fund are invested in fixed income securities such
as insurance contracts, guaranteed investment contract pools, temporary cash
investments, and other fixed income securities which have been selected by the
Investment Committee. Beginning in 1992, based on the Investment Policy
adopted in 1991, a portion of the funds were invested in government
obligations and repurchase agreements.
Fixed income contracts amounting to approximately $23 million matured in
1993 and have been reinvested in various fixed income investments.
At December 31, 1993, there were 6,176 employees participating, in varying
portions, under this fund.
CSW Corporation Stock Fund
This fund invests in CSW Corporation stock. CSW Corporation common stock
held by the fund at December 31, 1993, was approximately 9,755,000 shares. At
December 31, 1993, there were 7,659 participants, in varying portions, under
this fund.
Capital Appreciation Fund
This fund invests in mutual funds that have a goal of long-term growth with
no emphasis on current income. The mutual funds purchase stocks of rapidly
growing companies or companies with the potential for exceptional growth. At
December 31, 1993, there were 2,492 participants, in varying portions, under
this fund.
Growth and Income Fund
This fund invests in mutual funds whose goal is both growth and current
income. These mutual funds purchase stocks of growing companies as well as
those whose share price has increased while paying steady dividends. At
December 31, 1993, there were 1,971 participants, in varying portions, under
this fund.
Asset Allocation Fund
This fund invests in equity mutual funds and a fixed income corporate bond
fund. The allocation between the equity mutual funds and fixed income
corporate bond fund may be shifted from time to time based on the
attractiveness of the stock market. At December 31, 1993, there were 955
participants, in varying portions, under this fund.
Loan Fund
This fund allows participants to borrow against their account balances.
The maximum loan amount permitted is the lesser of (1) 50% of a participant's
vested account balance or (2) $50,000. Each loan to a participant is
evidenced by a written promissory note held by the employer.
Loans to participants are taken from their contributions by an account
hierarchy that has been established to provide the employee with the most
beneficial tax treatment and are taken from the investment funds in proportion
to the existing fund balances at the time of the request. Repayment terms
vary from one to five years for general purpose loans and one to fifteen years
for home loans. The interest rate for loans is set periodically by the
Corporation and is fixed for the term of the loan. The average rate in 1993
was 7%. Payments of principal and interest are credited to each investment
fund based on the employee's investment election at the time of repayment.
If a participant terminates from Thrift Plus, any outstanding loan balance
is subtracted from the available distribution.
(4) INVESTMENTS
The fair market values of individual assets that represent 5% or more of
the Plan's net assets as of December 31, 1993 and 1992, are as follows (in
thousands):
1993:
GIC Contract #GR-15049 $ 29,071
Central & South West Corporation Common Stock 295,102
1992:
GIC Contract #GR-15049 $ 26,694
Central & South West Corporation Common Stock 264,193
(5) REALIZED AND UNREALIZED APPRECIATION/DEPRECIATION
In accordance with Department of Labor regulations the method of
calculating realized and unrealized appreciation/depreciation for financial
reporting purposes is based on the value of the assets at the beginning of the
plan year or at the time of purchase during the year (revalued cost).
Net Realized Gain on Disposition of Investments
The following sets forth the realized gains of Thrift Plus investments
for the years ended December 31, 1993, 1992 and 1991:
1993
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income
Fund Stock Fund Fund Fund Fund
Proceeds from
disposition $ 364,273 $ 5,831 $ 1,535 $ 93 $ 38
Revalued cost 363,014 5,494 1,455 92 35
-------- -------- -------- --------- ---------
Net realized gain $ 1,259 $ 337 $ 80 $ 1 $ 3
======== ======== ======== ========= =========
1992
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income
Fund Stock Fund Fund Fund Fund
Proceeds from
disposition $ 647,570 $ 10,497 $ 1,683 $ 110 $ 82
Revalued cost 647,310 10,250 1,649 105 77
-------- -------- -------- --------- ---------
Net realized gain $ 260 $ 247 $ 34 $ 5 $ 5
======== ======== ======== ========= =========
1991
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income
Fund Stock Fund Fund Fund Fund
Proceeds from
disposition $ - $ 22,276 $ - $ 219 $ -
Revalued cost - 21,950 - 207 -
---- -------- ----- --------- ------
Net realized gain $ - $ 326 $ - $ 12 $ -
==== ======== ===== ========= ======
Unrealized Appreciation (Depreciation) on Investments
The following sets forth the fair market value, revalued cost and current
year unrealized appreciation (depreciation) of Thrift Plus investments for the
years ended December 31, 1993, 1992, and 1991:
1993
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income
Fund Stock Fund Fund Fund Fund
Fair market value at
December 31, 1993: $ 163,241 $ 296,386 $ 6,977 $ 22,786 $ 18,134
Revalued cost at
December 31, 1993: 162,064 287,425 6,987 23,878 17,438
-------- -------- -------- --------- ---------
Current year
unrealized
appreciation/
(depreciation) $ 1,177 $ 8,961 $ (10) $ (1,092) $ 696
======= ======== ======== ======== =========
1992
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income
Fund Stock Fund Fund Fund Fund
Fair market value at
December 31, 1992: $ 165,709 $ 265,894 $ 4,961 $ 16,938 $ 10,834
Revalued cost at
December 31, 1992: 166,105 246,903 4,862 15,321 10,196
-------- -------- -------- --------- ---------
Current year
unrealized
appreciation/
(depreciation) $ (396) $ 18,991 $ 99 $ 1,617 $ 638
======== ======== ======== ========= =========
1991
(in thousands)
Fixed CSW Asset Capital Growth and
Income Corporation Allocation Appreciation Income
Fund Stock Fund Fund Fund Fund
Fair market value at
December 31, 1991: $ 190,403 $ 215,205 $ 3,651 $ 8,183 $ 5,944
Revalued cost at
December 31, 1991: 190,404 176,733 3,534 7,072 5,694
-------- -------- -------- --------- ---------
Current year
unrealized
appreciation/
(depreciation) $ (1) $ 38,472 $ 117 $ 1,111 $ 250
======== ======== ======== ========= =========
(6) RESTRUCTURING
The Corporation announced an early retirement program as a part of
the corporate restructuring efforts in order to streamline operations
and control future costs. Employees who accepted this early retirement
are eligible for distributions from their individual accounts. As a
result of the restructuring, management is uncertain as to the future
increase and timing of these possible distributions from the Plan. It
is possible that the level of the future distributions could
significantly increase which would result in the acceleration of the
recognition of realized gains/(losses) from the sale of securities to
satisfy these distributions.
(7) SUBSEQUENT EVENT
At year end, the Corporation's Common Stock was trading at $30.25 per
share. As of June 1, 1994, the value per share was $22.00. This
decline has resulted in a decrease in the market value of the CSW
Corporation Stock Fund of approximately $80 million based on the shares
held by the Plan at year end.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
GUARANTEED INVESTMENT
CONTRACT:
TRAVELERS INSURANCE GROUP GIC CONTRACT #GR-15049 RATE 9.04%
MATURITY DATE 01/31/95-01/31/99 $ 29,071 $ 29,071
TRAVELERS INSURANCE GROUP GIC CONTRACT #GR-14910 RATE 9.50% 5,245 5,245
MATURITY DATE 7/01/94 -------- --------
TOTAL GUARANTEED INVESTMENT $ 34,316 $ 34,316
CONTRACT: -------- --------
U.S. GOVERNMENT SECURITIES:
FEDERAL HOME LOAN MTG CORP. GTD MTG PARTN CTFS SER-199 CL-A DTD 2-5-92 REG
MULTICLASS MATURITY DATE 11-15-97, RATE 8.500% $ 693 $ 690
FEDERAL HOME LOAN MTG CORP. GTD MTG PARTN CTFS SER-1417 CL-B DTD 11-1-92 REG
MULTICLASS MATURITY DATE 12-15-98, RATE 5.250% 999 1,004
FEDERAL HOME LOAN MTG CORP. GTD MTG PARTN CTFS SER-1428 CL-C DTD 11-1-92 REG
MULTICLASS MATURITY DATE 11-15-02, RATE 5.750% 1,001 1,014
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
FEDERAL HOME LOAN MTG CORP. GTD MTG PARTN CTFS SER-1639 CL-PA DTD 12-1-93
MULTICLASS REG MATURITY DATE 03-15-00, RATE 5.750% $ 1,020 $ 1,010
FEDERAL HOME LOAN MTG CORP. GROUP #17-0128 DTD 6-1-85 REG MATURITY DATE
PTC CTF 06-01-15, RATE 11.500% 286 286
FEDERAL HOME LOAN MTG CORP. GROUP #54-6107 DTD 3-1-90 REG MATURITY DATE
PTC CTF 01-01-16, RATE 11.250% 546 543
F N M A GTD REMIC PASS THRU TR-100 CL-E DTD 6-1-92 REG MATURITY DATE 01-
CTF 25-97, RATE 7.500% 917 911
F N M A GTD REMIC PASS THRU SER-92CL-D DTD 12-1-89 REG MATURITY DATE 04-
CTF 25-03, RATE 8.600% 1,038 1,038
FEDERAL NATL MTG ASSN GTD MTG POOL #55535 DTD 10-1-87 REG MATURITY DATE 01-
PASS THRU CTF 01-01, RATE 11.500%. 195 189
FEDERAL NATL MTG ASSN GTD MTG POOL #70617 DTD 9-1-90 REG MATURITY DATE 08-
PASS THRU CTF 01-20, RATE 11.000% 538 535
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
FEDERAL NATL MTG ASSN GTD MTG POOL #70809 DTD 4-1-91 REG MATURITY DATE 11-
PASS THRU CTF 01-19, RATE 11.500% $ 304 $ 309
GOVT NATL MTG ASSN MODIFIED POOL #40232 DTD 5-1-80 REG MATURITY DATE 04-
PASS THRU 15-10, RATE 12.500% 15 16
GOVT NATL MTG ASSN MODIFIED POOL #40476 DTD 4-1-80 REG MATURITY DATE 03-
PASS THRU 15-10, RATE 11.500% 277 275
GOVT NATL MTG ASSN MODIFIED POOL #42985 DTD 10-1-80 REG MATURITY DATE 09-
PASS THRU 15-10, RATE 11.000% 325 323
GOVT NATL MTG ASSN MODIFIED POOL #42988 DTD 9-1-80 REG MATURITY DATE 8-
PASS THRU 15-10, RATE 11.000% 114 113
GOVT NATL MTG ASSN MODIFIED POOL #43491 DTD 1-1-81 REG MATURITY DATE 01-
PASS THRU 15-11, RATE 13.000% 149 154
GOVT NATL MTG ASSN MODIFIED POOL #45233 DTD 2-1-81 REG MATURITY DATE 02-
PASS THRU 15-11, RATE 13.000% 48 49
GOVT NATL MTG ASSN MODIFIED POOL #46370 DTD 3-1-81 REG MATURITY DATE 03-
PASS THRU 15-11, RATE 13.000% 14 14
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
GOVT NATL MTG ASSN MODIFIED POOL #53774 DTD 3-1-82 REG MATURITY DATE 02-
PASS THRU 15-12, RATE 13.000% $ 32 $ 34
GOVT NATL MTG ASSN MODIFIED POOL #54505 DTD 11-1-82 REG MATURITY DATE 11-
PASS THRU 15-12, RATE 13.000% 14 15
GOVT NATL MTG ASSN MODIFIED POOL #57188 DTD 5-1-83 REG MATURITY DATE 05-
PASS THRU 15-13 RATE 11.500% 304 302
GOVT NATL MTG ASSN MODIFIED POOL #58631 DTD 4-1-83 REG MATURITY DATE 03-
PASS THRU 15-13, RATE 11.500% 153 151
GOVT NATL MTG ASSN MODIFIED POOL #61340 DTD 2-1-83 REG MATURITY DATE 02-
PASS THRU 15-13, RATE 11.500% 246 245
GOVT NATL MTG ASSN MODIFIED POOL #64555 DTD 9-1-83 REG MATURITY DATE 09-
PASS THRU 15-13, RATE 11.500% 107 109
GOVT NATL MTG ASSN MODIFIED POOL #71263 DTD 7-1-83 REG MATURITY DATE 07-
PASS THRU 15-13, RATE 11.500% 47 48
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
GOVT NATL MTG ASSN MODIFIED POOL #104430 DTD 11-1-83 REG MATURITY DATE
PASS THRU 10-15-13, RATE 12.500% $ 155 $ 157
GOVT NATL MTG ASSN MODIFIED POOL #106501 DTD 12-1-83 REG MATURITY DATE
PASS THRU 12-15-13, RATE 12.500% 3 3
GOVT NATL MTG ASSN MODIFIED POOL #106508 DTD 12-1-83 REG MATURITY DATE
PASS THRU 11-15-13, RATE 12.500% 62 63
GOVT NTAL MTG ASSN MODIFIED POOL #106711 DTD 11-1-83 REG MATURITY DATE
PASS THRU 11-15-13, RATE 12.500% 103 106
GOVT NATL MTG ASSN MODIFIED POOL #106824 DTD 5-1-84 REG MATURITY DATE 05-
PASS THRU 15-14, RATE 12.500% 25 25
GOVT NATL MTG ASSN MODIFIED POOL #106906 DTD 12-1-83 REG MATURITY DATE
PASS THRU 11-15-13, RATE 12.500% 60 61
GOVT NATL MTG ASSN MODIFIED POOL #106928 DTD 5-1-84 REG MATURITY DATE 05-
PASS THRU 15-14, RATE 12.500% 11 11
GOVT NATL MTG ASSN MODIFIED POOL #107097 DTD 11-1-83 REG MATURITY DATE
PASS THRU 11-15-13, RATE 12.500% 143 145
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
GOVT NATL MTG ASSN MODIFIED POOL #107271 DTD 6-1-84 REG MATURITY DATE 06-
PASS THRU CTF 15-14, RATE 12.500% $ 47 $ 48
GOVT NATL MTG ASSN MODIFIED POOL #107941 DTD 5-1-84 REG MATURITY DATE 05-
PASS THRU CTF 15-14, RATE 12.500% 6 6
GOVT NATL MTG ASSN MODIFIED POOL #109670 DTD 1-1-84 REG MATURITY DATE 11-
PASS THRU CTF 15-13, RATE 12.500% 69 70
GOVT NATL MTG ASSN MODIFIED POOL #110644 DTD 6-1-84 REG MATURITY DATE 06-
PASS THRU CTF 15-14, RATE 12.500% 31 31
GOVT NATL MTG ASSN MODIFIED POOL #111867 DTD 4-1-84 REG MATURITY DATE 03-
PASS THRU 15-14, RATE 12.500% 7 7
GOVT NATL MTG ASSN MODIFIED POOL #114614 DTD 4-1-84 REG MATURITY DATE 04-
PASS THRU CTF 15-14, RATE 12.500% 38 39
GOVT NATL MTG ASSN MODIFIED POOL # 121143 DTD 6-1-85 REG MATURITY DATE
PASS THRU 06-15-15, RATE 13.000% 109 113
GOVT NATL MTG ASSN MODIFIED POOL #140158 DTD 9-1-85 REG MATURITY DATE 09-
PASS THRU 15-15, RATE 11.500% 82 83
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
COST CURRENT
PARTY-IN VALUE VALUE
INTEREST IDENTITY OF ISSUE DESCRIPTION
GOVT NATL MTG ASSN MODIFIED POOL #144095 DTD 11-1-85 REG MATURITY DATE
PASS THRU 11-15-15, RATE 11.500% $ 28 $ 29
USA TREAS BILLS DTD 2-11-93 MATURITY DATE 02-10-94 2,773 2,773
USA TREAS NTS DTD 2-18-92 MATURITY DATE 2-15-95, RATE 4,057 4,074
5.500%
USA TREAS NTS DTD 3-2-92 REG MATURITY DATE 02-28-94, RATE 4,593 4,594
5.375%
USA TREAS NTS DTD 6-1-92 REG MATURITY DATE 05-31-97, RATE 1,063 1,063
6.750%
USA TREAS NTS DTD 8-31-92 MATURITY DATE 08-31-94, RATE 4,528 4,522
4.250%
USA TREAS NTS DTD 9-30-92 MATURITY DATE 09-30-94, RATE 4,013 4,014
4.000%
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51- 0007707
(a) (b) (c) (d) (e)
COST CURRENT
PARTY-IN VALUE VALUE
INTEREST IDENTITY OF ISSUE DESCRIPTION
USA TREAS NTS DTD 11-2-92 MATURITY DATE 10-31-97, RATE $ 2,004 $ 2,058
5.750%
USA TREAS NTS DTD 2-1-93 MATURITY DATE 1-31-98, RATE 2,275 2,301
5.625%
USA TREAS NTS DTD 6-30-93 MATURITY DATE 06-30-98, RATE 3,354 3,353
5.125%
USA TREAS NTS DTD 8-2-93 MATURITY DATE 7-31-95, RATE 9,120 9,124
4.250%
USA TREAS NTS DTD 8-31-93 MATURITY DATE 8-31-98, RATE 999 984
4.750%
USA TREAS NTS DTD 11-15-93 MATURITY DATE 11-15-96, RATE 2,988 2,988
4.375%
USA TREAS NTS DTD 11-30-93 MATURITY DATE 11-30-95, RATE 830 831
4.250%
USA TREAS NTS DTD 11-30-93 MATURITY DATE 11-30-98, RATE 2,499 2,492
5.125%
USA TREAS NTS SERIES D DTD 11-15-86 MATURITY DATE 11-15-96, RATE 630 643
7.250%
-------- --------
TOTAL U.S. GOVERNMENT SECURITIES: $ 56,087 $ 56,188
-------- --------
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
COMMON/COLLECT TRUST FUNDS:
AMERITRUST MAGIC FUND $ 22,616 $ 24,457
IDS TRUST COLLECTIVE INCOME FUND II 22,949 22,955
THE LASALLE NATIONAL TRUST LASALLE INCOME PLUS FUND 20,207 20,207
-------- --------
TOTAL COMMON/COLLECT TRUST FUNDS: $ 65,772 $ 67,619
-------- --------
OTHER:
ST OF ISREAL GOVT GTD NTS CL 1-A DTD 3-24-93 REG MATURITY DATE 03-15- $ 3,005 $ 2,976
96, RATE 4.375%
* MELLON BANK EB TEMPORARY INVESTMENT FUND 2,142 2,142
-------- --------
TOTAL OTHER: $ 5,147 $ 5,118
-------- --------
TOTAL FIXED FUND INVESTMENTS: $ 161,322 $ 163,241
======== ========
THIS SUPPLEMENTAL SCHEDULE LISTS ASSETS HELD FOR INVESTMENT PURPOSES AT DECEMBER
31, 1993, AS REQUIRED BY THE DEPARTMENT OF LABOR RULES AND REGULATIONS FOR
REPORTING AND DISCLOSURE.
COLUMN (A) INDICATES (*) EACH IDENTIFIED PERSON/ENTITY KNOWN TO BE A PARTY-IN-
INTEREST.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
CSW CORPORATION STOCK FUND
AS OF DECEMBER 31, 1993
(in thousands except share and par value amounts)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
COMMON STOCK:
* CENTRAL & SOUTH WEST 9,755,442 SHARES COMMON STOCK, $3.50 PAR $ 150,211 $ 295,102
CORPORATION VALUE
* MELLON BANK EB TEMPORARY INVESTMENT FUND 1,283 1,284
-------- --------
TOTAL $ 151,494 $ 296,386
======== ========
THIS SUPPLEMENTAL SCHEDULE LISTS ASSETS HELD FOR INVESTMENT PURPOSES AT DECEMBER
31, 1993, AS REQUIRED BY THE DEPARTMENT OF LABOR RULES AND REGULATIONS FOR
REPORTING AND DISCLOSURE.
COLUMN (A) INDICATES (*) EACH IDENTIFIED PERSON/ENTITY KNOWN TO BE A PARTY-IN-
INTEREST.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
ASSET ALLOCATION FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
INTEREST IN REGISTERED
INVESTMENT COMPANIES:
WANGER ASSET MANAGEMENT, L.P. ACORN FUND #5600008899 $ 220 $ 302
VENTURE ADVISORS NEW YORK VENTURE FUND #25-2119060982 894 943
THE VANGUARD GROUP VANGUARD S/T CORPORATE BOND FUND #9876566232 4,153 4,141
AMERICAN FUNDS SERVICE EUROPACIFIC GROWTH FUND #59078586 693 746
COMPANY
AMERICAN FUNDS SERVICE WASHINGTON MUTUAL FUND #58483115-01 795 820
COMPANY
* MELLON BANK EB TEMPORARY INVESTMENT FUND 25 25
-------- --------
TOTAL $ 6,780 $ 6,977
======== ========
THIS SUPPLEMENTAL SCHEDULE LISTS ASSETS HELD FOR INVESTMENT PURPOSES AT DECEMBER
31, 1993, AS REQUIRED BY THE DEPARTMENT OF LABOR RULES AND REGULATIONS FOR
REPORTING AND DISCLOSURE.
COLUMN (A) INDICATES (*) EACH IDENTIFIED PERSON/ENTITY KNOWN TO BE A PARTY-IN-
INTEREST.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
CAPITAL APPRECIATION FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
INTERESTS IN REGISTERED
INVESTMENT COMPANIES:
THE JANUS FUND JANUS FUND #42-200208624-0 $ 6,985 $ 7,474
STEIN ROE & FARNHAM STEINROE SPECIAL FUND #98170076-2 7,067 8,195
TWENTIETH CENTURY INVESTORS TWENTIETH CENTURY GROWTH INVESTORS 7,022 7,039
#50015630003
* MELLON BANK EB TEMPORARY INVESTMENT FUND 78 78
-------- --------
TOTAL $ 21,152 $ 22,786
======== ========
THIS SUPPLEMENTAL SCHEDULE LISTS ASSETS HELD FOR INVESTMENT PURPOSES AT DECEMBER
31, 1993, AS REQUIRED BY THE DEPARTMENT OF LABOR RULES AND REGULATIONS FOR
REPORTING AND DISCLOSURE.
COLUMN (A) INDICATES (*) EACH IDENTIFIED PERSON/ENTITY KNOWN TO BE A PARTY-IN-
INTEREST.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
GROWTH AND INCOME FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
INTERESTS IN REGISTERED
INVESTMENT COMPANIES:
AMERICAN FUNDS SERVICE AMERICAN MUTUAL FUND #58338376-03 $ 5,709 $ 5,856
COMPANY
WADDELL & REED UNITED INCOME FUND #21281167-621 5,238 6,143
THE VANGUARD GROUP WINDSOR II FUND #9846629536 5,564 6,088
* MELLON BANK EB TEMPORARY INVESTMENT FUND 47 47
-------- --------
TOTAL $ 16,558 $ 18,134
======== ========
THIS SUPPLEMENTAL SCHEDULE LISTS ASSETS HELD FOR INVESTMENT PURPOSES AT DECEMBER
31, 1993, AS REQUIRED BY THE DEPARTMENT OF LABOR RULES AND REGULATIONS FOR
REPORTING AND DISCLOSURE.
COLUMN (A) INDICATES (*) EACH IDENTIFIED PERSON/ENTITY KNOWN TO BE A PARTY-IN-
INTEREST.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
LOAN FUND
AS OF DECEMBER 31, 1993
(in thousands)
EIN: 51-0007707
(a) (b) (c) (d) (e)
PARTY-IN COST CURRENT
INTEREST IDENTITY OF ISSUE DESCRIPTION VALUE VALUE
* MELLON BANK EB TEMPORARY INVESTMENTS 12 12
* CENTRAL AND SOUTH WEST
CORPORATION LOANS TO PARTICIPANTS, INTEREST RATE ON
OUTSTANDING
LOANS RANGE FROM 7%-10%. $ 0 $ 24,342
-------- --------
TOTAL $ 12 $ 24,354
======== ========
TOTAL OF THRIFT PLUS ASSETS HELD
FOR INVESTMENT PURPOSES: $ 357,318 $ 531,878
======== ========
THIS SUPPLEMENTAL SCHEDULE LISTS ASSETS HELD FOR INVESTMENT PURPOSES AT DECEMBER
31, 1993, AS REQUIRED BY THE DEPARTMENT OF LABOR RULES AND REGULATIONS FOR
REPORTING AND DISCLOSURE.
COLUMN (A) INDICATES (*) EACH IDENTIFIED PERSON/ENTITY KNOWN TO BE A PARTY-IN-
INTEREST.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27d - SUPPLEMENTAL SCHEDULE OF REPORTABLE TRANSACTIONS
FIXED INCOME FUND
AS OF DECEMBER 31, 1993
EIN: 51-0007707
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate Purchase Selling Lease incurred with Cost transaction Net gain
involved and maturity in case of loan) Price Price Rental transaction of asset date or (loss)
Provident Natl Bnk Lehman & Provident Fed Cash
TOTAL 8 SALES $ 1 $ 26,017,233 $ 26,017,233
TOTAL 9 PURCHASES $ 1 $ 25,691,772 $ 25,691,772
Mellon Bank N A E B Temporary Investment Fund
68 SALES $ 1 $106,930,998 $106,930,998
277 PURCHASES $ 1 $103,561,931 $103,561,931
North Carolina NCNB Institutional Stable
Natl Bank Capital Fund
$ 20,164,346 $ 21,799,173 $ 1,634,827
Party Unknown NCNB Institutional Stable
Capital Fund 9,322 9,388 66
Party Unknown NCNB Institutional Stable
Capital Fund 12,294 12,475 181
Party Unknown NCNB Institutional Stable
Capital Fund 12,257 12,533 276
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
Party Unknown NCNB Institutional Stable
Capital Fund 21,765,300 22,467,170
5 SALES $ 41,963,519 $ 44,300,739
Prudential Repo-007950AE1-$595,000 $ 100 $ 492,000 $ 492,000
Securities Inc DTD 1-20-93 Advanta Credit
7.875 #AD921A 09-25-08
Obligor - Prudential
Securities Inc. Maturity
00/00/00 Rate 3.800%
Prudential Repo-007950AE1-$595,000 100 492,000 492,000
Securities Inc DTD 1-20-93 Advanta Credit
7.85 #AD921A 09-25-08
Obligor Prudential
Securities Inc Maturity
00/00/00 Rate 3.800%
Prudential Repo-141389AH1- 100 11,508,000 11,508,000
Securities Inc $11,738,000 DTD 2-23-93
Capstead 3.487% Due
10-15-94 Obligor-
Prudential Securities Inc
Maturity 00/00/00 Rate 3.125%
Prudential Repo-141389AH1-$11,738,000 100 11,508,000 11,508,000
Securities Inc DTD 2-23-93 Capstead 3.487%
Due 10-15-94 Obligor-
Prudential Securities Inc
Maturity 00/00/00 Rate 3.125%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
Prudential Federal Home Loan Mtg Corp $ $ 103 $ 2 $ 1,013,906 $ 1,032,498 $ 18,592
Securities Inc Multiclass Gtd Mtg Partn
CTFS Ser-1212 CL-B Dtd 3-1-
92 Reg Maturity 05/15/13
Rate 6.150%
Prudential Federal Home Loan Mtg Corp 102 2 811,500 819,873 8,373
Securities Inc Multiclass Gtd Mtg Partn
CTFS Ser-1354 CL-PB Dtd 8-1-
92 Reg Maturity 08/15/06
Rate 5.750%
Prudential Federal Home Loan Mtg Corp 103 2 757,383 772,029 14,646
Securities Inc Multiclass Gtd Mtg Partn
CTFS Ser-1390 CL-B Dtd 10-1-
92 Reg Maturity 02/15/11
Rate 5.750%
Prudential Repo-31358HGW1-$12,179,000 100 12,000,000 12,000,000
Securities Inc Dtd 1-14-93 FNMA #91071C 8%
Due 7-25-21 Obligor-
Prudential Securities Inc
Maturity 00/00/00
Rate 3.15%
Prudential Repo-31358HGW1-$12,179,000 100 12,000,000 12,000,000
Securities Inc Dtd 1-14-93 FNMA #9107C 8%
Due 7-25-21 Obligor-
Prudential Securities Inc
Maturity 00/00/00
Rate 3.125%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchaes Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan Price Price Rental transaction of asset date or (loss)
Prudential Repo-339005AG1-$22,000 $ 100 $ 11,508,000 $ 11,508,000
Dtd 1-20-93 Fleet Mtg
FNMA 6.7% Pool #101A
1-15-16 Obligor Prudential
Securities Inc Maturity
Maturity 00/00/00
Rate 3.800%
Prudential Repo-339005AG1-$22,000 Dtd 100 11,508,000 11,508,000
Securities Inc 1-20-93 Fleet Mtg FNMA 6.7%
Pool #101A 1-15-16 Obligor
Prudential Securities Inc
Maturity 00/00/00
Rate 3.800%
Prudential Repo-339005AG1-$22,935,000 100 12,000,000 12,000,000
Securities Inc Dtd 1-19-93 Fleet Fin HM
Eqty Tr A1 90-1 6.7 011516
Obligor Prudential Securities
Inc Maturity 00/00/00
Rate 3.375%
Prudential Repo-339005AG1-$22,935,000 100 12,000,000 12,000,000
Securities Inc Dtd 1-19-93 Fleet Fin HM
Eqty Tr A1 90-1 6.7 011516
Obligor Prudential Securities
Inc Maturity 00/00/00
Rate 3.375%
Prudential Repo-441807AG1-$12,270,000 100 12,000,000 12,000,000
Securities Inc Dtd 1-15-93 HFC #92-1A 3.687%
Due 12-15-97 Obligor-Prudential
Securities Inc Maturity 00/00/00
Rate 3.150%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
Prudential Repo-441807AG1-$12,270,000 $ 100 $ 12,000,000 $ 12,000,000
Securities Inc Dtd 1-15-93 HFC #92-1A
3.687% Due 12-15-97 Obligor-
Prudential Securities Inc
Maturity 00/00/00
Rate 3.150%
TOTAL 9 SALES $ 62,090,789 $ 62,132,400
TOTAL 6 PURCHASES $ 59,508,000 $ 59,508,000
Lehman Govt USA Treas NTS Dtd 12-31-91 $ 101 $ 2,026,094 $ 2,026,094
Securities Maturity 12/31/93 Rate 5.000%
Lehman Govt USA Treas NTS Dtd 12-31-91 101 7,038,280 7,038,280
Securities Maturity 12/31/93 Rate 5.000%
Lehman Govt USA Treas NTS Dtd 12-31-91 101 754,219 754,219
Securities Maturity 12/31/93 Rate 5.000%
Lehman Govt USA Treas NTS Dtd 2-18-92 102 6,109,688 6,109,688
Securities Maturity 02/15/95 Rate 5.500%
Lehman Govt USA Treas NTS Dtd 3-2-92 102 1,018,438 1,018,438
Securities Reg Maturity 02/28/94 Rate 5.375%
Lehman Govt USA Treas NTS Dtd 8-31-92 101 3,016,875 3,016,875
Securities Maturity 08/31/94 Rate 4.250%
Lehman Govt USA Treas NTS Dtd 8-31092 101 1,510,781 1,510,781
Securities Maturity 08/31/94 Rate 4.250%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
Lehman Govt USA Treas NTS Dtd 9-30-92 $ 100 $ 3,009,844 $ 3,009,844
Securities Maturity 09/30/94 Rate 4.000%
Lehman Govt USA Treas NTS Dtd 11-2-92 102 766,875 766,875
Securities Maturity 10/31/97 Rate 5.750%
Lehman Govt USA Treas NTS Dtd 2-1-93 101 1,514,062 1,514,062
Securities Maturity 01/31/98 Rate 5.625%
Lehman Govt USA Treas NTS Dtd 7-7-86 102 4,080,000 4,080,000
Securities Maturity 07/15/93 Rate 7.250%
TOTAL 11 PURCHASES $30,845,156 $30,845,156
J P Morgan Repo-01310QAD1-$3,162,000 $ 100 $ 3,100,000 $ 3,100,000
Securities Inc Dtd 1-27-93 Albertson 6.16.%
Due 5-19-95 Obligor-J P
Morgan Securities Inc
Maturity 00/00/00 Rate 3.250%
J P Morgan Repo-01310QAD1-$3,162,000 100 3,100,000 3,100,000
Securities Inc Dtd 1-27-93 Albertson 6.16%
Due 5-19-95 Obligor-J P
Morgan Securities Inc
Maturity 00/00/00 Rate 3.250%
J P Morgan Repo-046003DK1-$7,700,000 100 8,143,000 8,143,000
Securities Inc Dtd 1-14-93 Assoc Corp
Dtd 080190 8.875 080195
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.230%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-046003DK1-$7,700,000 $ 100 $ 8,143,000 $ 8,143,000
Securities Inc Dtd 1-14-93 Assoc Corp
Dtd 080190 8.875 080195
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.230%
J P Morgan Repo-046003DK1-$7,600,000 100 8,000,000 8,000,000
Securities Dtd 1-26-93 Associates Corp
8.875% Due 8-1-95 Obligor-
J P Morgan Securities Inc
Maturity 00/00/00 Rate 3.350%
J P Morgan Repo-046003DK1-$7,600,000 100 8,000,000 8,000,000
Securities Dtd 1-26-93 Associates Corp
8.875% Due 8-1-95 Obligor-
J P Morgan Securities Inc
Maturity 00/00/00 Rate 3.350%
J P Morgan Repo-072738AA1-$2,900,000 100 3,102,419 3,102,419
Securities Dtd 3-9-93 Bay Lanksbk Dtd
121492 7.375 121402 Obligor-
J P Morgan Securities Inc
Maturity 00/00/00 Rate 3.350%
J P Morgan Repo-072738AA1-$2,900,000 100 3,102,419 3,102,419
Securities Dtd 3-9-93 Bay Lanksbk
Dtd 121492 7.375 121402
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.350%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-12560HAW1-$2,965,000 $ 100 $ 2,904,637 $ 2,904,637
Securities Dtd 2-10-93 CIT Group 3.4%
Due 2-3-94 Obligor-J P
Morgan Securities Inc
Maturity 00/00/00
Rate 3.230%
J P Morgan Repo-12560HAW1-$2,965,000 100 2,904,637 2,904,637
Securities Inc Dtd 2-10-93 CIT Group 3.4%
Due 2-3-94 Obligor - J P
Morgan Securities Inc
Maturity 00/00/00
Rate 3.230%
J P Morgan Repo-12560HAW1-$5,000,000 100 4,900,000 4,900,000
Securities Inc Dtd 2-4-93 CIT Corp
Holdings 0% Due 2-3-94
Obligor - J P Morgan
Securities Inc
Maturity 00/00/00
Rate 3.425%
J P Morgan Repo-12560HAW1-$5,000,000 100 4,900,000 4,900,000
Securities Inc Dtd 2-4-93 CIT Corp
Holdings 0% Due 2-3-94
Obligor - J P Morgan
Securities Inc
Maturity 00/00/00
Rate 3.425%
J P Morgan Repo-191219AT1-$2,048,000 100 2,000,000 2,000,000
Securities Inc Dtd 2-4-93 Coca Cola Ent 7%
Due 11-15-99 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00
Rate 3.425%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-191219AT1-$2,048,000 $ 100 $ 2,000,000 $ 2,000,000
Securities Inc Dtd 2-4-93 Coca Cola Ent 7%
Due 11-15-99 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00
Rate 3.425%
J P Morgan Repo-24422ECA5-$3,129,000 100 3,152,348 3,152,348
Securities Inc Dtd 12-8-92 Deere Capt
Dtd 032692 6.930 032795
Obligor - J P Morgan
Securities Inc
Maturity 00/00/00
Rate 3.350%
J P Morgan Repo-263534BB1-$7,355,000 100 7,211,161 7,211,161
Securities Inc Dtd 3-4-93 E I Dupont 7.5%
Due 3-31-33 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00
Rate 3.370%
J P Morgan Repo-263534BB1-$7,355,000 100 7,211,161 7,211,161
Securities Inc Dtd 3-31-33 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00
Rate 3.370%
J P Morgan Repo-29878PAT1-$5,000,000 100 5,165,000 5,165,000
Securities Inc Dtd 10-26-92 Euro Inv
BK 6.91% Due 12-31-96
Obligor - J P Morgan
Securities Inc
Maturity 00/00/00
Rate 3.420%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-345397GP1-$3,092,000 $ 100 $ 2,837,675 $ 2,837,675
Securities Inc Dtd 1204092 Ford Motor
Cr 6.375% Due 9-15-99
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.300%
J P Morgan Repo-369622CM1-$1,250,000 100 1,442,000 1,442,000
Securities Inc Dtd 2-18-93 GE Capital
8.75% Due 5-21-07 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00
Rate 3.350%
J P Morgan Repo-369622CM1-$1,250,00 100 1,442,000 1,442,000
Securities Inc Dtd 2-18-93 GE Capital 8.75%
Due 5-21-07 Obligor-J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.350%
J P Morgan Repo-37042MVB1-$905,000 100 903,674 903,674
Securities Inc Dtd 10-26-92 GMAS 5.5%
Due 7-5-94 Obligor - J P
Morgan Securities Inc
Maturity 00/00/00
Rate 3.420%
J P Morgan Repo-37042LPB1-$7,152,000 100 7,248,453 7,248,453
Securities Inc Dtd 12-22-92 GMAC 8.75%
Due 1-24-94 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00
Rate 3.450%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-37042LMG1-$1,000,000 $ 100 $ 980,000 $ 980,000
Securities Inc Dtd 1-12-93 GMAS 8.875%
Due 1-1-95 Obligor - J
P Morgan Securities Inc
Maturity 00/00/00
Rate 3.321%
J P Morgan Repo-37042LMG1-$1,000,000 100 980,000 980,000
Securities Inc Dtd 1-12-93 GMAC 8.875%
Due 1-1-95 Obligor - J
P Morgan Securities Inc
Maturity 00/00/00
Rate 3.321%
J P Morgan Repo-37042MKT1-$1,283,000 100 1,280,000 1,280,000
Securities Inc Dtd 1-15-93 GMAC 6.9% Due
4-1-94 Obligor - J P
Morgan Securities Inc
Maturity 00/00/00
Rate 3.260%
J P Morgan Repo-37042MKT1-$1,283,000 100 1,280,000 1,280,000
Securities Inc Dtd 1-15-93 GMAC 6.9%
Due 4-1-94 Obligor - J
P Morgan Securities Inc
Maturity 00/00/00
Rate 3.260%
J P Morgan Repo-37042MNW1-$7,629,000 100 7,816,041 7,816,041
Securities Inc Dtd 2-22-93 GMAC 6%
Due 4-25-94 Obligor - J P
Morgan Securities Inc
Maturity 00/00/00 Rate 3.300%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-37042MNW1-$7,629,000 $ 100 $ 7,816,041 $ 7,816,041
Securities Inc Dtd 2-22-93 GMAC 6%
Due 4-25-94 Obligor - J P
Morgan Securities Inc
Maturity 00/00/00 Rate 3.300%
J P Morgan Repo-37042MNW1-$5,080,000 100 5,211,161 5,211,161
Securities Inc Dtd 2-24-93 GMAC 6.45%
Due 4-25-94 Obligor - J P
Morgan Securities Inc
Maturity 00/00/00 Rate 3.220%
J P Morgan Repo-37042MNW1-$5,080,000 100 5,211,161 5,211,161
Securities Inc Dtd 2-24-93 GMAC 6.45%
Due 4-25-94 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00 Rate 3.220%
J P Morgan Repo-45974VBZ1-$2,000,000 100 1,961,000 1,961,000
Securities Inc Dtd 1-12-93 Intl Lease
Finance Corp 5.5% 12-1-94
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.320%
J P Morgan Repo-45974VBZ1-$2,000,000 100 1,961,000 1,961,000
Securities Inc Dtd 1-12-93 Intl Lease
Finance Corp 5.5% 12-1-94
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.320%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-616880AS1-$1,750,000 $ 100 $ 1,720,000 $ 1,720,000
Securities Inc Dtd 1-15-93 JPM&CO Dtd
011593 5.375 012195 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00 Rate 3.260%
J P Morgan Repo-616880AS1-$1,750,000 100 1,720,000 1,720,000
Securities Inc Dtd 1-15-93 JPM&CO Dtd
011593 5.375 012195 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00 Rate 3.260%
J P Morgan Repo-718154BZ1-$5,344,000 100 5,200,000 5,200,000
Securities Inc Dtd 1-20-93 Philip Morris
Dtd 012093 7.250 011503
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.950%
J P Morgan Repo-0718154BZ1-$5,344,000 100 5,200,000 5,200,000
Securities Inc Dtd 1-20-93 Philip Morris
Dtd 012093 7.250 011503
Obligor - J P Morgan
Securities Inc
Maturity 00/00/00 Rate 3.950%
J P Morgan Repo-814823DN1-$1,610,000 100 1,723,845 1,723,845
Securities Inc Dtd 2-25-93 Sec Pacific Dtd
120191 7.750 120196 Obligor -
J P Morgan Securities Inc
Maturity 00/00/00 Rate 3.270%
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
J P Morgan Repo-814823DN1-$1,610,000 $ 100 $ 1,723,845 $ 1,723,845
Securities Inc Dtd 2-25-93 Sec Pacific Dtd
120191 7.750% 120196 Obligor-
J P Morgan Securities Maturity
00/00/00 Rate 3.270%
J P Morgan Repo-92976QAA7-$5,000,000 100 4,900,000 4,900,000
Securities Inc Dtd 1-27-93 Wachovia Bank
Dtd 052192 6.000 051595
Obligor - J P Morgan
Securities Inc Maturity
00/00/00 Rate 3.250%
J P Morgan Repo-92976QAA7-$5,000,000 100 4,900,000 4,900,000
Securities Inc Dtd 1-27-93 Wachovia Bank
Dtd 052192 6.000 051595
Obligor - J P Morgan
Securities inc Maturity
00/00/00 Rate 3.250%
TOTAL 23 SALES $90,902,414 $90,902,414
TOTAL 18 PURCHASES $71,595,264 $71,595,264
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS, PLAN #002
ITEM 27d - SUPPLEMENTAL SCHEDULE OF REPORTABLE TRANSACTIONS
CSW CORPORATION STOCK FUND
AS OF DECEMBER 31, 1993
EIN: 51-0007707
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
Interstate/Johnson Central and South West Corp $ 30 $ 465 $ 275,811 $ 275,811
Lane Del Com
Interstate/Johnson Central and South West Corp 31 977 596,672 596,672
Lane Del Com
Shearson Lehman Central and South West Corp 33 8,617 5,609,797 5,609,797
Brothers Del Com
Capital Central and South West Corp 33 626 418,581 418,581
Institutional Del Com
Services
Capital Central and South West Corp 32 804 507,229 507,229
Institutional Del Com
Services
Capital Central and South West Corp 31 8,750 5,477,500 5,477,500
Institutional Del Com
Services
Capital Central and South West Corp 31 3,317 2,071,174 2,071,174
Institutional Del Com
Services
Capital Central and South West Corp 33 2,319 1,521,494 1,521,494
Institutional Del Com
Services
Capital Central and South West Corp 34 2,750 1,847,725 1,847,725
Institutional Del Com
Services
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Current value
Identity of Description of asset Expense of asset on
party (include interest rate and Purchase Selling Lease incurred with Cost transaction Net gain
involved maturity in case of a loan) Price Price Rental transaction of asset date or (loss)
Capital Central and South West Corp $ 34 $ 2,265 $ 1,524,662 $ 1,524,662
Institutional Del Com
Services
Capital Central and South West Corp 34 2,323 1,572,823 1,572,823
Institutional Del Com
Services
Capital Central and South West Corp 33 1,064 695,291 695,291
Institutional Del Com
Services
Capital Central and South West Corp 30 6,700 4,055,510 4,055,510
Institutional Del Com
Services
Capital Central and South West Corp 30 2,079 1,267,611 1,267,611
Institutional Del Com
Services
TOTAL 14 PURCHASES $27,441,880 $27,441,880
Mellon Bank N A E B Temporary Investment Fund
TOTAL 26 SALES $ 1 $37,515,588 $37,515,588
TOTAL 80 PURCHASES $ 1 $37,097,462 $37,097,462
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Benefits Advisory Committee has duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.
CENTRAL AND SOUTH WEST CORPORATION
THRIFT PLUS
(Name of Plan)
By: /s/ Wendy G. Hargus
Controller
Central and South West Corporation
Date: June 1, 1994
INDEX TO EXHIBIT
EXHIBIT TRANSMISSION
NUMBER DESCRIPTION METHOD
1 CONSENT OF INDEPENDENT ELECTRONIC
PUBLIC ACCOUNTANT
(ARTHUR ANDERSEN & COMPANY:
DALLAS, TEXAS)
EX-1
2
EXHIBIT 1 CONSENT OF IND. PUBLIC ACCOUNTANTS
EXHIBIT 1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
AS INDEPENDENT PUBLIC ACCOUNTANTS, WE HEREBY CONSENT TO THE INCORPORATION BY
REFERENCE IN THE PROSPECTUS CONSTITUTING A PART OF THE CORPORATION'S
PREVIOUSLY FILED REGISTRATION STATEMENTS ON FORM S-8 (FILE NO. 2-70746) OF
OUR REPORT DATED JUNE 1, 1994. INCLUDED IN THE CENTRAL AND SOUTH WEST
CORPORATION THRIFT PLUS FORM 11-K FOR THE YEAR ENDED DECEMBER 31, 1993.
Arthur Andersen & Company
DALLAS, TEXAS
JUNE 30, 1994