EX-25.1 10 a2138450zex-25_1.htm EXHIBIT 25.1
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EXHIBIT 25.1

FORM T-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF ELIGIBILITY
UNDER
THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) o

BNY MIDWEST TRUST COMPANY
(formerly known as CTC Illinois Trust Company)
(Exact name of trustee as specified in its charter)

Illinois (State of incorporation if not a U.S. national bank)		36-3800435 (I.R.S. employer identification no.)
2 N. LaSalle Street Suite 1020 Chicago, Illinois (Address of principal executive offices)		60602 (Zip code)

ALLIANT TECHSYSTEMS INC.
(Exact name of obligor as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)		41-1672694 (I.R.S. employer identification no.)
5050 Lincoln Drive Edina, Minnesota (Address of principal executive offices)		55436 (Zip code)

2.75% Convertible Senior Subordinated Notes due 2024
(Title of the indenture securities)

1. General information. Furnish the following information as to the Trustee:

(a): Name and address of each examining or supervising authority to which it is subject.

Name		Address
Office of Banks & Trust Companies of the State of Illinois		500 E. Monroe Street Springfield, Illinois 62701-1532
Federal Reserve Bank of Chicago		230 S. LaSalle Street Chicago, Illinois 60603

(b): Whether it is authorized to exercise corporate trust powers.

Yes.

2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

16. List of Exhibits.

1.: A copy of Articles of Incorporation of BNY Midwest Trust Company (formerly CTC Illinois Trust Company, formerly Continental Trust Company) as now in effect. (Exhibit 1 to Form T-1 filed with the Registration Statement No. 333-47688.)
2,3.: A copy of the Certificate of Authority of the Trustee as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 2 to Form T-1 filed with the Registration Statement No. 333-47688.)
4.: A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with the Registration Statement No. 333-47688.)
6.: The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with the Registration Statement No. 333-47688.)
7.: A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

SIGNATURE

Pursuant to the requirements of the Act, the Trustee, BNY Midwest Trust Company, a corporation organized and existing under the laws of the State of Illinois, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Chicago, and State of Illinois, on the 28th day of May, 2004.

		BNY Midwest Trust Company
		By:		/s/ J. BARTOLINI Name: J. BARTOLINI Title: VICE PRESIDENT

OFFICE OF BANKS AND REAL ESTATE
Bureau of Banks and Trust Companies

CONSOLIDATED REPORT OF CONDITION
OF

BNY Midwest Trust Company
2 North LaSalle Street
Suite 1020
Chicago, Illinois 60602

Including the institution's domestic and foreign subsidiaries completed as of the close of business on March 31, 2004, submitted in response to the call of the Office of Banks and Real Estate of the State of Illinois.

			Thousands of Dollars
			(000)
	ASSETS
1.	Cash and Due from Depository Institutions		45,800
2.	U.S. Treasury Securities		0
3.	Obligations of States and Political Subdivisions		0
4.	Other Bonds, Notes and Debentures		0
5.	Corporate Stock		0
6.	Trust Company Premises, Furniture, Fixtures and Other Assets Representing Trust Company Premises		694
7.	Accounts Receivable		4,398
8.	Goodwill		86,813
9.	Intangibles		0
10.	Other Assets		133
	(Itemize amounts greater than 15% of Line 10)
	Prepaid Expenses	71
	Computer Software	36
11.	TOTAL ASSETS		137,838

OFFICE OF BANKS AND REAL ESTATE
Bureau of Banks and Trust Companies

CONSOLIDATED REPORT OF CONDITION
OF

BNY Midwest Trust Company
2 North LaSalle Street
Suite 1020
Chicago, Illinois 60602

			Thousands of Dollars
	LIABILITIES

12.	Accounts Payable		42
13.	Taxes Payable		4,678
14.	Other Liabilities for Borrowed Money		25,425
15.	Other Liabilities
	(Itemize amounts greater than 15% of Line 14)
	Reserve for Taxes	8,770
			9,251
16.	TOTAL LIABILITIES		39,396
	EQUITY CAPITAL
17.	Preferred Stock		0
18.	Common Stock		2,000
19.	Surplus		67,130
20.	Reserve for Operating Expenses		0
21.	Retained Earnings (Loss)		29,312
22.	TOTAL EQUITY CAPITAL		98,442
23.	TOTAL LIABILITIES AND EQUITY CAPITAL		137,838

Robert L. DePaola, Vice President

(Name and Title of Officer Authorized to Sign Report)

of BNY Midwest Trust Company certify that the information contained in this statement is accurate to the best of my knowledge and belief. I understand that submission of false information with the intention to deceive the Commissioner or his Administrative officers is a felony.

/s/ ROBERT L. DEPAOLA

(Signature of Officer Authorized to Sign Report)

Sworn to and subscribed before me this 23rd day of January, 2004.

My Commission expires May 15, 2007.

/s/ JOSEPH A. GIACOBINO

, Notary Public

(Notary Seal)

Person to whom Supervisory Staff should direct questions concerning this report.

Emmie Chan Name		Assistant Treasurer Title
(212) 437-5639 Telephone Number (Extension)
eychan@bankofny.com E-mail

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SIGNATURE
CONSOLIDATED REPORT OF CONDITION OF
CONSOLIDATED REPORT OF CONDITION OF