-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BRfsUlCkLiEe4bTsFxntChSLyxwKp3ZzSz7SG5+kGbtuxTFbVcIGvgRs9MRoz4qW FHtZcONi+XCNIAGCWzkXog== 0001036050-98-001112.txt : 19980701 0001036050-98-001112.hdr.sgml : 19980701 ACCESSION NUMBER: 0001036050-98-001112 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980630 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: RHONE POULENC RORER INC CENTRAL INDEX KEY: 0000217028 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 231699163 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 033-58229 FILM NUMBER: 98658463 BUSINESS ADDRESS: STREET 1: 500 ARCOLA RD STREET 2: P O BOX 1200 M/S 5B14 CITY: COLLEGEVILLE STATE: PA ZIP: 19426-0107 BUSINESS PHONE: 6104548000 FORMER COMPANY: FORMER CONFORMED NAME: RORER GROUP INC DATE OF NAME CHANGE: 19900731 FORMER COMPANY: FORMER CONFORMED NAME: RORER AMCHEM INC DATE OF NAME CHANGE: 19770604 11-K 1 FORM 11-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended DECEMBER 31, 1997 ----------------- [_] 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 number 1-5851 ------ FISONS CORPORATION THRIFT PLAN - -------------------------------------------------------------------------------- (Full title of plan) RHONE-POULENC RORER INC. - -------------------------------------------------------------------------------- (Name of Issuer of securities held pursuant to the plan) 500 Arcola Road Collegeville, Pennsylvania 19426 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: 610-454-8000 ------------ ================================================================================ FISONS CORPORATION THRIFT PLAN ANNUAL REPORT ON FORM 11-K For the year ended December 31, 1997 TABLE OF CONTENTS -----------------
PAGE NO.* ---------- (a) FINANCIAL STATEMENTS: Report of Independent Accountants 2 Statements of Net Assets Available for Benefits at December 31, 1997 and 1996 3 Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 1997 and 1996 4 Notes to Financial Statements 5 - 17 SUPPLEMENTAL SCHEDULES: Schedule of Assets Held for Investment Purposes at December 31, 1997 18 Schedule of Reportable Transactions for the year ended December 31, 1997 19 * Refers to page number in the 1997 Annual Report of the Fisons Corporation Thrift Plan. (b) EXHIBITS: (1) Consent of Independent Accountants.
ANNUAL REPORT OF THE FISONS CORPORATION THRIFT PLAN -------------------------- For the years ended December 31, 1997 and 1996 ANNUAL REPORT OF THE FISONS CORPORATION THRIFT PLAN INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES ____________
Page No. -------- Financial Statements: Report of Independent Accountants 2 Statements of Net Assets Available for Benefits at December 31, 1997 and 1996 3 Statements of Changes in Net Assets Available for Benefits for the years ended December 31, 1997 and 1996 4 Notes to Financial Statements 5 - 17 Supplemental Schedules: Line 27 (a)* - Schedule of Assets Held for Investment Purposes at December 31, 1997 18 Line 27 (d)* - Schedule of Reportable Transactions for the year ended December 31, 1997 19
* Refers to line numbers in the IRS Form 5500 (Annual Return/Report of Employee Benefit Plans) for the year ended December 31, 1997, which is incorporated herein by reference. 1 REPORT OF INDEPENDENT ACCOUNTANTS --------------------------------- To the Employee Savings Plan Committee: We have audited the accompanying statements of net assets available for benefits of Fisons Corporation Thrift Plan ("the Plan") as of December 31, 1997 and 1996, and the related statements of changes in net assets available for benefits for the years ended December 31, 1997 and 1996. 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 audit. 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 management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 1997 and 1996, and the changes in net assets available for benefits for the years ended December 31, 1997 and 1996, in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules, listed in the accompanying index on page 1, are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are 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. These supplemental schedules are the responsibility of the Plan's management. 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. /s/ COOPERS & LYBRAND L.L.P. ------------------------------------ Coopers & Lybrand L.L.P. Philadelphia, Pennsylvania June 24, 1998 2 FISONS CORPORATION THRIFT PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, --------------------------------- 1997 1996 ------------- ------------- ASSETS Investments $ 20,797,400 $ 19,894,041 Participants' promissory notes 147,818 316,509 ------------- ------------- Total assets 20,945,218 20,210,550 ------------- ------------- NET ASSETS AVAILABLE FOR BENEFITS $ 20,945,218 $ 20,210,550 ============= =============
See accompanying notes to financial statements. 3 FISONS CORPORATION THRIFT PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, ---------------------------------- 1997 1996 ------------ ------------ ADDITIONS Contributions: Employer $ -- $ 269,663 Employee -- 1,132,044 Investment income: Interest income 12,124 667,415 Dividend income 729,590 2,648,283 Net appreciation 2,508,079 125,888 ------------ ------------ Total additions 3,249,793 4,843,293 ------------ ------------ DEDUCTIONS Withdrawals and terminations (2,515,125) (11,624,190) Transfers to other plans (Note 5) -- (6,858,844) ------------ ------------ Total deductions (2,515,125) (18,483,034) ------------ ------------ NET INCREASE (DECREASE) 734,668 (13,639,741) NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 20,210,550 33,850,291 ------------ ------------ End of year $ 20,945,218 $ 20,210,550 ============ ============
See accompanying notes to financial statements. 4 FISONS CORPORATION THRIFT PLAN NOTES TO FINANCIAL STATEMENTS NOTE 1. PLAN DESCRIPTION The following description of the Fisons Corporation Thrift Plan ("the Plan") provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan's provision. Background - ---------- In October 1995, Fisons Corporation ("Fisons") was purchased by Rhone-Poulenc Rorer, Inc. (the "Company" or "RPR"). Effective October 25, 1996, the Plan was frozen with respect to future contributions and new loans. Former Fisons employees who met certain eligibility requirements were then given the opportunity to enter the Rhone-Poulenc Rorer Inc. Employee Savings Plan. In November 1996, Plan assets were transferred from Fidelity Management Trust Company (the "Former Trustee" or "Fidelity") to American Express Trust Company (the "Trustee"), who were also the recordkeepers of the Plan. General - ------- The Plan is a defined contribution plan covering all former employees of Fisons, who have attained the age of 20 1/2 (completed 3 months of service) and elected to make a contribution. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and is currently administered by the RPR Employee Savings Plan Committee as appointed by the Company's Board of Directors. Contributions - ------------- Prior to October 25, 1996, participants could have contributed from 2 percent to 15 percent of pretax annual compensation, not to exceed $3,000 per participant in any plan year, as defined in the Plan. Participants could have also contributed amounts representing distributions from other qualified defined benefit or contribution plans. The total amount of this contribution, however, was subject to (1) the maximum amount allowed by the Internal Revenue Service (IRS) in any plan year and (2) the IRS mandated discrimination tests. Prior to the cessation of contributions on October 25, 1996, Fisons or RPR matched 100% of a participant's basic contributions, not in excess of two percent (2%) of a participant's compensation. Vesting - ------- Participants are immediately vested in their employee, voluntary, rollover and employer contributions, as well as earnings on these contributions. Investment Options - ------------------ Prior to November 1996, a participant may have directed employee and employer contributions with a minimum of 10 percent and thereafter in 5 percent increments into any of the following six investment options: Mass Mutual Fixed Income Fund; Fidelity Puritan Fund; Fidelity Magellan Fund; Fidelity Growth & Income Portfolio; Fidelity OTC Stock Portfolio; and the Fidelity International Growth & Income Fund. During 1996, The Mass Mutual Fixed Income Fund option was replaced by the Fidelity Managed Income Fund. In November 1996, with the transfer of Plan assets from Fidelity to American Express Trust Company, new investment options were offered to participants. Current investment options are as follows: IDS Discovery Fund, Inc.; IDS Federal Income Fund, Inc.; IDS International Fund, Inc.; IDS Managed Allocation Fund; IDS Mutual; IDS 5 New Dimensions Fund, Inc.; IDS Growth Fund, Inc.; IDS Selective Fund, Inc.; (collectively, the "IDS funds"); AIM Constellation Fund; Templeton Foreign Fund; American Express Trust Equity Index Fund I; Rhone-Poulenc Rorer Inc. Interest Accumulation Account; and Rhone-Poulenc Rorer Inc. Common Stock Account. The IDS funds are managed by American Express Financial Corporation. Participants may choose any combination of available investment vehicles in increments of one percent. On August 22, 1997 Rhone-Poulenc S.A. (RP) commenced a cash tender offer to acquire, at a purchase price of $97 per share, the remaining shares of common stock of Rhone-Poulenc Rorer Inc. (RPR) that it did not then own, including shares in the Plan. The tender was declared complete on October 1, 1997. An amount of $211,515 being the cash received by the Trustee of the tender of such shares by plan participants who exercised the tender by the due date of September 25, 1997, was transferred into the Interest Accumulation Fund as of October 9, 1997. The cash of $21,952 received by the Trustee for shares of RPR stock that were not tendered during the tender period were frozen until the cancellation of shares and was transferred into the Interest Accumulation Fund as of December 3, 1997. Participants may change their investment options on a daily basis. Allocation of Investment Performance - ------------------------------------ Investment performance (i.e., interest and dividends) within the Funds is allocated to participant accounts based on a participant's relative unit value interest in an individual fund at the earnings date. Participants' Promissory Notes - ------------------------------ Prior to October 25, 1996, participants could borrow from their fund accounts an amount not to exceed 50% of their vested account with a minimum of $1,000 and a maximum of $50,000. The participant could only be granted one loan per year and only one loan could be outstanding at anytime. New loans were not allowed after October 25, 1996. Loan transactions are treated as a transfer to (from) the investment fund from (to) the Participants' Promissory Notes account. Loan terms ranged from 1 to 5 years or up to 10 years for the purchase of a primary residence. The loans are secured by the vested balance in the participant's account and bear interest at the prime rate plus 1.5% determined at the time the loan was granted. Interest rates ranged from 7.48% to 13.33% in 1996. No new loans were taken during 1997. Principal and interest is paid in substantially equal installments, not less frequently than quarterly, by payroll deduction. Payment of Benefits - ------------------- On termination of service, a participant who has an account balance of greater than $3,500 may elect to receive either a lump sum amount equal to the value of the participant's vested interest in his or her account or elect to defer payment until a later date. A participant who has an account balance under $3,500 will receive a lump sum amount equal to the value of the participant's vested interest in his or her account. Plan Expenses - ------------- Brokerage commissions in connection with the Plan's purchase or sale of securities are added to the cost of the securities or deducted from the proceeds thereof, as the case may be. All other costs and expenses incurred in the administration of the Plan (i.e., trustee and recordkeeper fees) are currently paid by the Company. Termination of the Plan - ----------------------- The Company's Board of Directors may amend or suspend the Plan from time to time and may terminate the Plan at any time (although there is no present intent to do so) provided, however, that no such action may cause the 6 participants' employee and Company contribution accounts to be used for purposes other than the exclusive benefit of the participants and their beneficiaries. If the Plan is terminated with respect to all participants or a group of participants, all such participants' accounts shall become fully vested and all accounts of participants shall be distributed as soon as administratively possible. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting - ------------------- The financial statements of the Plan are prepared under the accrual basis of accounting. Investment Valuation and Income Recognition - ------------------------------------------- The Plan's investments are stated at fair value. Shares of registered investment companies are valued at quoted market prices, which represent the net asset value of the shares held by the Plan. The Rhone-Poulenc Rorer Inc. Interest Accumulation Account is stated at contract value (cost plus interest income earned on an accrual basis) which approximates fair value. The Rhone- Poulenc Rorer Inc. Common Stock Account is stated at the fair market value of the Company's common stock. Purchases and sales are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. The statement of changes in net assets available for benefits presents the net appreciation in the fair value of Plan investments which consists of realized gains (losses) and the unrealized appreciation (depreciation) on those investments. Risks and Uncertainties - ----------------------- The Plan provides for various investment options representing varied combinations 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 risk. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term would materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits and the statement of changes in net assets available for benefits. Related Party Transactions - -------------------------- Certain Plan investments were made in shares of mutual funds managed at the time by an affiliate of American Express Trust Company or Fidelity, the current or then-current trustees of the Plan. Therefore, these transactions qualify as party-in-interest. Use of Estimates - ---------------- The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 7 NOTE 3. SIGNIFICANT ASPECTS OF INVESTMENT OPTIONS Current investment options: IDS Discovery Fund, Inc. (Class Y) - ---------------------------------- The IDS Discovery Fund, Inc. (Class Y) is a diversified mutual fund that invests primarily in common stocks of small and medium size growth companies, many of which specialize in technological innovation. Total units and unit-values invested in the fund at December 31, 1997 were 12,538 at $11.74 per unit. There were ten participants in the fund at December 31, 1997. There were no units invested in the fund and no participants at December 31, 1996. IDS Federal Income Fund, Inc. (Class Y) - --------------------------------------- The IDS Federal Income Fund, Inc. (Class Y) invests primarily in U.S. government and government agency securities. There were no units invested in the fund and no participants at December 31, 1997 and 1996. IDS International Fund, Inc. (Class Y) - -------------------------------------- The IDS International Fund, Inc. (Class Y) is a diversified mutual fund that invests primarily in common stocks and securities convertible into common stocks of foreign issuers. There were no units invested in the fund and no participants at December 31, 1997 and 1996. IDS Managed Allocation Fund (Class Y) - ------------------------------------- The IDS Managed Allocation Fund (Class Y), a part of IDS Managed Retirement Fund, Inc., is a diversified mutual fund that invests in common and preferred stocks, convertible securities, debt securities and money market instruments issued by both U.S. and foreign companies. Total units and unit-values invested in the fund at December 31, 1997 were 3,272 at $10.96 per unit. There were four participants in the fund at December 31, 1997. There were no units invested in the fund and no participants at December 31, 1996. IDS Mutual (Class Y) - -------------------- IDS Mutual (Class Y), a part of IDS Investment Series, Inc., is a diversified mutual fund that invests in common stocks and senior securities (preferred stock and debt securities) issued by U.S. and foreign companies as well as convertible securities and money market instruments. Total units and unit values invested in the fund at December 31, 1997 were 156,922 at $13.73 per unit. There were 177 participants in the fund at December 31, 1997. There were 156,134 units invested in the fund at $13.478 per unit and 212 participants at December 31, 1996. IDS New Dimensions Fund, Inc. (Class Y) - --------------------------------------- The IDS New Dimensions Fund, Inc. (Class Y) is a diversified mutual fund that invests primarily in common stocks and securities convertible into common stocks of U.S. and foreign companies. Total units and unit values invested in the fund at December 31, 1997 were 110,060 at $23.86 per unit. There were 203 participants in the fund at December 31, 1997. There were 108,902 units invested in the fund at $20.708 per unit and 224 participants at December 31, 1996. IDS Growth Fund, Inc. (Class Y) - ------------------------------- The IDS Growth Fund, Inc. (Class Y) is a diversified mutual fund that invests in stocks of U.S. companies. Total units and unit-values invested in the fund at December 31, 1997 were 8,739 at $31.79 per unit. There were 19 participants in the fund at December 31, 1997. There were no units invested in the fund and no participants at December 31, 1996. 8 IDS Selective Fund, Inc. (Class Y) - ---------------------------------- The IDS Selective Fund, Inc. (Class Y) is a diversified mutual fund that invests in bonds of U.S. and foreign issuers. There were no units invested in the fund and no participants at December 31, 1997 and 1996. AIM Constellation Fund - ---------------------- AIM Constellation Fund, a part of AIM Equity Funds, Inc., is a diversified mutual fund that invests in common stock, with emphasis on medium-sized and smaller companies. Total units and unit values invested in the fund at December 31, 1997 were 52,966 units at $26.38 per unit. There were 128 participants in the fund at December 31, 1997. There were 59,260 units invested in the fund at $25.260 per unit and 147 participants at December 31, 1996. Templeton Foreign Fund (Class I) - -------------------------------- Templeton Foreign Fund (Class I), a part of Templeton Funds, Inc., is a diversified mutual fund that invests in stocks and debt obligations of companies and governments outside of the U.S. Total units and unit values invested in the fund at December 31, 1997 were 86,297 units at $9.95 per unit. There were 96 participants in the fund at December 31, 1997. There were 74,026 units invested in the fund at $10.360 per unit and 103 participants at December 31, 1996. American Express Trust Equity Index Fund I - ------------------------------------------ The American Express Trust Equity Index Fund I is a fund of common stocks designed to closely match the total investment performance of the Standard and Poor's 500 Composite Stock Index (the "S&P 500 Index"). The American Express account portfolio contains all common stock issues represented in the S&P 500 Index except for stock of American Express Financial Corporation. No single common stock issue can exceed 10% of the account portfolio at the time of purchase. The fund is passively maintained; transactions occur only for the purpose of investing new contributions, funding withdrawals, or adjusting to changes made in the composition of stocks included in the S&P 500 Index. Total units and unit values invested in the fund at December 31, 1997 were 219,212 at $27.25 per unit. There were 267 participants in the fund at December 31, 1997. There were 238,181 units invested in the fund at $20.506 per unit and 306 participants at December 31, 1996. Rhone-Poulenc Rorer Inc. Interest Accumulation Account - ------------------------------------------------------ The Rhone-Poulenc Rorer Inc. Interest Accumulation Account is a pool of interest-bearing contracts, the principal and interest of which are guaranteed by the issuing companies. The Plan's share represents 4.2% and 7.32% of the aggregate pooled account at December 31, 1997 and 1996, respectively. Issuing companies of contracts in the account at December 31, 1997 were: Aetna Life Insurance Company, John Hancock Mutual Life Insurance Company, Metropolitan Life Insurance, Principal Mutual Life Insurance Company, The Prudential Insurance Company of America, New York Life Insurance Company and Transamerica Occidental Life Insurance Company. The contracts, which had an aggregate fair market value of $7,326,148 are considered fully benefit-responsive. Each contract is subject to early termination penalties which may be significant. The interest rates on funds on deposit in the account ranged from 5.53% to 9.06% in 1997 and 5.53% to 9.05% in 1996. The weighted average interest rate of all outstanding contracts at December 31, 1997 was 7.20% (1996: 7.56%). There were 267 participants in the account at December 31, 1997 (1996: 325). Rhone-Poulenc Rorer Inc. Common Stock Account - --------------------------------------------- This account consists of Rhone-Poulenc Rorer Inc. common stock acquired at the prevailing market price and temporary investments held by the Trustee. There were no units invested in the account and no participants at December 31, 1997 and 1996. 9 Former Investment Options: Mass Mutual Fixed Income Fund/Fidelity Managed Income Portfolio - --------------------------------------------------------------- Mass Mutual Fixed Income Fund was invested in a guaranteed investment contract with Massachusetts Mutual Life Insurance Company ("Mass Mutual"). In early 1995, the Plan entered into an investment with Mass Mutual who maintained the contributions in pooled accounts. The account was credited with earnings on the underlying investments and charged for Plan withdrawals and administrative expenses. Later in 1995, the Plan transferred the assets from Mass Mutual's investment funds to shares of an unallocated pooled fund with Fidelity. In 1996, the Plan reinvested the proceeds from the unallocated insurance contracts into Fidelity Managed Income Portfolio, a registered investment company. Fidelity Puritan Fund - --------------------- Fidelity Puritan Fund was invested in common stocks, corporate bonds and short- term securities and cash. Fidelity Magellan Fund - ---------------------- Fidelity Magellan Fund was a growth mutual fund. Fidelity Growth and Income Portfolio - ------------------------------------ Fidelity Growth and Income Portfolio was invested in common stocks. Fidelity OTC Stock Portfolio - ---------------------------- Fidelity OTC Stock Portfolio was invested in common stocks of small companies listed on the over-the-counter exchange. Fidelity International Growth and Income Fund - --------------------------------------------- Fidelity International Growth and Income Fund was invested in common stocks and corporate bonds of international companies. NOTE 4. TAX STATUS The Internal Revenue Service has determined and informed the Company by letter dated August 1996 that the Plan, as then designed, was in accordance with the applicable sections of the Internal Revenue Code (IRC). The Plan administrator and the Plan's tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Internal Revenue Code. NOTE 5. TRANSFERS TO OTHER PLANS Medeva - ------ In July of 1996, the Company sold certain assets of the Fisons Corporation in Rochester, New York to Medeva, plc. In connection with the transaction, the vested account balances of affected employees in the Plan were subsequently transferred to Texas Commerce Bank Arlington, as trustee for the Medeva Inc. Retirement Savings Plan, in November 1996 in the amount of $6,858,844. 10 NOTE 6. NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT Net assets available for benefits by fund/account at December 31, 1997 and 1996 were as follows:
DECEMBER 31, 1997 IDS IDS IDS IDS MANAGED NEW IDS DISCOVERY GROWTH ALLOCATION DIMENSIONS MUTUAL FUND, INC. FUND, INC. FUND FUND, INC. ------------ ---------- ---------- ----------- ----------- Investments $ 2,154,228 $ 147,231 $ 277,824 $ 35,845 $ 2,626,250 Loans to participants -- -- -- -- -- ------------ ---------- ---------- ----------- ----------- Total assets 2,154,228 147,231 277,824 35,845 2,626,250 ------------ ---------- ---------- ----------- ----------- LIABILITIES -- -- -- -- -- ------------ ---------- ---------- ----------- ----------- NET ASSETS AVAILABLE FOR BENEFITS $ 2,154,228 $ 147,231 $ 277,824 $ 35,845 $ 2,626,250 ============ ========== ========== =========== =========== DECEMBER 31, 1997 ASSETS RHONE-POULENC AMERICAN RORER INC. PARTICIPANTS' EXPRESS TRUST INTEREST AIM TEMPLETON PROMISSORY EQUITY ACCUMULATION CONSTELLATION FOREIGN NOTES COMBINED INDEX FUND ACCOUNT FUND, INC. FUND ACCOUNT ACCOUNTS ------------- ------------- ------------- ----------- ------------- ------------ Investments $ 5,973,965 $ 7,326,148 $ 1,397,253 $ 858,656 $ -- $ 20,797,400 Loans to participants -- -- -- -- 147,818 147,818 ------------- ------------- ------------- ----------- ------------- ------------ Total assets 5,973,965 7,326,148 1,397,253 858,656 147,818 20,945,218 ------------- ------------- ------------- ----------- ------------- ------------ LIABILITIES -- -- -- -- -- -- ------------- ------------- ------------- ----------- ------------- ------------ NET ASSETS AVAILABLE FOR BENEFITS $ 5,973,965 $ 7,326,148 $ 1,397,253 $ 858,656 $ 147,818 $ 20,945,218 ============= ============= ============= =========== ============= ============
11 NOTE 6. NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
DECEMBER 31, 1996 RHONE-POULENC IDS AMERICAN RORER INC. NEW EXPRESS TRUST INTEREST IDS DIMENSIONS EQUITY ACCUMULATION MUTUAL FUND, INC. INDEX FUND ACCOUNT ------------ ------------ ------------- ------------- ASSETS Investments $ 2,104,368 $ 2,255,143 $ 4,884,136 $ 8,386,567 Transfers pending (28,830) -- (117,303) 176,609 Loans to participants -- -- -- -- ------------ ------------ ------------- ------------- Total assets 2,075,538 2,255,143 4,766,833 8,563,176 ------------ ------------ ------------- ------------- LIABILITIES -- -- -- -- ------------ ------------ ------------- ------------- NET ASSETS AVAILABLE FOR BENEFITS $ 2,075,538 $ 2,255,143 $ 4,766,833 $ 8,563,176 ============ ============ ============= ============= DECEMBER 31, 1996 ASSETS PARTICIPANTS' AIM TEMPLETON PROMISSORY CONSTELLATION FOREIGN NOTES COMBINED FUND, INC. FUND ACCOUNT ACCOUNTS ------------- ----------- ------------- ------------ Investments $ 1,496,920 $ 766,907 $ -- $ 19,894,041 Transfers Pending (30,476) -- -- -- Loans to participants -- -- 316,509 316,509 ------------- ----------- ------------- ------------ Total assets 1,466,444 766,907 316,509 20,210,550 ------------- ----------- ------------- ------------ LIABILITIES -- -- -- -- ------------- ----------- ------------- ------------ -- -- NET ASSETS AVAILABLE FOR BENEFITS $ 1,466,444 $ 766,907 $ 316,509 $ 20,210,550 ============= =========== ============= ============
12 NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT Changes in net assets available for benefits by fund/account for the years ended December 31, 1997 and 1996 were as follows:
FOR THE YEAR ENDED DECEMBER 31, 1997 IDS IDS IDS IDS IDS FEDERAL NEW IDS DISCOVERY GROWTH MANAGED INCOME DIMENSIONS MUTUAL FUND, INC. FUND, INC. RETIREMENT FUND FUND, INC -------------- ---------------- ------------ -------------- ---------- ------------- ADDITIONS Contributions: Employer $ -- $ -- $ -- $ -- $ -- $ -- Employee -- -- -- -- -- -- Investment income: Interest income 1,428 -- 160 -- -- 1,545 Dividend income 313,031 17,203 7,249 5,169 27 196,028 Net appreciation (depreciation) 53,887 (8,662) (528) (2,113) 42 347,861 -------------- ---------------- ------------ -------------- ---------- ------------- Total additions 368,346 8,541 6,881 3,056 69 545,434 -------------- ---------------- ------------ -------------- ---------- ------------- DEDUCTIONS Withdrawals and terminations 248,751 -- -- -- -- 236,852 Transfers to other plans -- -- -- -- -- -- Administrative expenses -- -- -- -- -- -- -------------- ---------------- ------------ -------------- ---------- ------------- Total deductions 248,751 -- -- -- -- 236,852 -------------- ---------------- ------------ -------------- ---------- ------------- INCREASE (DECREASE) BEFORE INTER-FUND TRANSFERS 119,595 8,541 6,881 3,056 69 308,582 Inter-fund transfers (40,905) 138,690 270,943 32,789 (69) 62,525 -------------- ---------------- ------------ -------------- ---------- ------------- NET INCREASE (DECREASE) 78,690 147,231 277,824 35,845 -- 371,107 NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 2,075,538 -- -- -- -- 2,255,143 -------------- ---------------- ------------ -------------- ---------- ------------- End of year $ 2,154,228 $ 147,231 $277,824 $35,845 $ -- $ 2,626,250 ============== ================ ============ ============== ========== =============
13 NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1997 RHONE-POULENC AMERICAN EXPRESS RORER INC. AIM TEMPLETON TRUST EQUITY INDEX INTEREST ACCUMULATION CONSTELLATION FOREIGN FUND I ACCOUNT FUND FUND ---------------------- ----------------------- ---------------- ----------------- ADDITIONS Contributions: Employer $ -- $ -- $ -- $ -- Employee -- -- -- -- Investment income: Interest income 3,723 4,597 525 146 Dividend income 105 -- 98,460 90,916 Net appreciation (depreciation) 1,490,482 546,385 90,598 (39,866) ------------------ ----------------------- ---------------- ----------------- Total additions 1,494,310 550,982 189,583 51,196 ------------------ ----------------------- ---------------- ----------------- DEDUCTIONS Withdrawals and terminations 506,075 1,240,237 236,935 46,275 Transfers to other plans -- -- -- -- Administrative expenses -- -- -- -- ------------------ ----------------------- ---------------- ----------------- Total deductions 506,075 1,240,237 236,935 46,275 ------------------ ----------------------- ---------------- ----------------- INCREASE (DECREASE) BEFORE INTER-FUND TRANSFERS 988,235 (689,255) (47,352) 4,921 Inter-fund transfers 218,897 (547,773) (21,839) 86,828 ------------------ ----------------------- ---------------- ----------------- NET INCREASE (DECREASE) 1,207,132 (1,237,028) (69,191) 91,749 NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 4,766,833 8,563,176 1,466,444 766,907 ------------------ ----------------------- ---------------- ----------------- End of year $ 5,973,965 $ 7,326,148 $1,397,253 $858,656 ================== ======================= ================ ================= PHONE-POULENC PARTICIPANTS' RORER INC. PROMISSORY COMMON NOTES COMBINED STOCK FUND ACCOUNT ACCOUNTS ----------------- ------------------ ---------------- ADDITIONS Contributions: Employer $ -- $ -- $ -- Employee -- -- -- Investment income: Interest income -- -- 12,124 Dividend income 1,402 -- 729,590 Net appreciation (depreciation) 29,993 -- 2,508,079 ----------------- ------------------ ---------------- Total additions 31,395 -- 3,249,793 ----------------- ------------------ ---------------- DEDUCTIONS Withdrawals and terminations -- -- 2,515,125 Transfers to other plans -- -- -- Administrative expenses -- -- -- ----------------- ------------------ ---------------- Total deductions -- -- 2,515,125 ----------------- ------------------ ---------------- INCREASE (DECREASE) BEFORE INTER-FUND TRANSFERS 31,395 -- 734,668 Inter-fund transfers (31,395) (168,691) -- ----------------- ------------------ ---------------- NET INCREASE (DECREASE) -- (168,691) 734,668 NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year -- 316,509 20,210,550 ----------------- ------------------ ---------------- End of year $ -- $ 147,818 $20,945,218 ================= ================== ================
14 NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1996 RHONE-POULENC IDS AMERICAN RORER INC. NEW EXPRESS TRUST INTEREST AIM IDS DIMENSIONS EQUITY INDEX ACCUMULATION CONSTELLATION MUTUAL FUND, INC. FUND I ACCOUNT FUND ----------------- ----------------- ----------------- ----------------- ----------------- ADDITIONS Contributions: Employer $ -- $ -- $ -- $ -- $ -- Employee -- -- -- -- -- Investment income: Interest income 86,506 108,558 308,590 63,099 50,713 Dividend income 139,763 86,604 -- -- 84,276 Net appreciation (depreciation) (137,472) (131,100) (54,802) 36,617 (93,463) ----------------- ----------------- ----------------- ----------------- ----------------- Total additions 88,797 64,062 253,788 99,716 41,526 ----------------- ----------------- ----------------- ----------------- ----------------- DEDUCTIONS Withdrawals and terminations -- -- -- -- -- Transfers to other plans -- -- -- -- -- Administrative expenses -- -- -- -- -- ----------------- ----------------- ----------------- ----------------- ----------------- Total deductions -- -- -- -- -- ----------------- ----------------- ----------------- ----------------- ----------------- INCREASE (DECREASE) BEFORE INTER-FUND TRANSFERS 88,797 64,062 253,788 99,716 41,526 Inter-fund transfers 1,986,741 2,191,081 4,513,045 8,463,460 1,424,918 ----------------- ----------------- ----------------- ----------------- ----------------- NET INCREASE (DECREASE) 2,075,538 2,255,143 4,766,833 8,563,176 1,466,444 NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year -- -- -- -- -- ----------------- ----------------- ----------------- ----------------- ----------------- End of year $2,075,538 $2,255,143 $4,766,833 $8,563,176 $1,466,444 ================= ================= ================= ================= ================= FIDELITY INT'L GROWTH TEMPLETON & INCOME FOREIGN FUND FUND ----------------- ----------------- ADDITIONS Contributions: Employer $ 11,256 $ -- Employee 52,469 -- Investment income: Interest income -- 5,511 Dividend income -- 22,802 Net appreciation (depreciation) 71,696 14,859 ----------------- ----------------- Total additions 135,421 43,172 ----------------- ----------------- DEDUCTIONS Withdrawals and terminations (417,204) -- Transfers to other plans (148,965) -- Administrative expenses -- -- ----------------- ----------------- Total deductions (566,169) -- ----------------- ----------------- INCREASE (DECREASE) BEFORE INTER-FUND TRANSFERS (430,748) 43,172 Inter-fund transfers (650,083) 723,735 ----------------- ----------------- NET INCREASE (DECREASE) (1,080,831) 766,907 NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 1,080,831 -- ----------------- ----------------- End of year $ -- $ 766,907 ================= =================
15 NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1996 MASS FIDELITY FIDELITY FIDELITY FIDELITY MUTUAL FIDELITY GROWTH & OTC MANAGED PURITAN FIXED INCOME MAGELLAN INCOME STOCK INCOME FUND FUND FUND PORTFOLIO PORTFOLIO PORTFOLIO -------------- ---------------- ------------ ------------- ------------- -------------- ADDITIONS Contributions: Employer $ 40,805 $ -- $ 64,147 $ 63,627 $ 22,969 $ 66,859 Employee 185,528 -- 275,399 274,630 105,017 239,001 Investment income: Interest income -- -- -- -- -- -- Dividend income 425,082 -- 659,140 383,953 176,001 670,662 Net appreciation (depreciation) (22,713) -- (379,715) 694,817 127,163 1 -------------- ---------------- ------------ ------------- ------------- -------------- Total additions 628,702 -- 618,971 1,417,027 431,150 976,523 -------------- ---------------- ------------ ------------- ------------- -------------- DEDUCTIONS Withdrawals and terminations (1,393,216) (3,036) (1,455,320) (3,414,606) (539,857) (4,315,771) Transfers to other plans (822,550) -- (1,160,641) (1,523,882) (409,535) (2,556,592) Administrative expenses -- -- -- -- -- -- -------------- ---------------- ------------ ------------- ------------- -------------- Total deductions (2,215,766) (3,036) (2,615,961) (4,938,488) (949,392) (6,872,363) -------------- ---------------- ------------ ------------- ------------- -------------- INCREASE (DECREASE) BEFORE INTER-FUND TRANSFERS (1,587,064) (3,036) (1,996,990) (3,521,461) (518,242) (5,895,840) Inter-fund transfers (1,908,720) (15,396,814) (2,205,202) (3,710,540) (1,107,261) 5,895,840 -------------- ---------------- ------------ ------------- ------------- -------------- NET INCREASE (DECREASE) (3,495,784) (15,399,850) (4,202,192) (7,232,001) (1,625,503) -- NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 3,495,784 15,399,850 4,202,192 7,232,001 1,625,503 -- -------------- ---------------- ------------ ------------- ------------- -------------- End of year $ -- $ -- $ -- $ -- $ -- $ -- ============== ================ ============ ============= ============= ============== PARTICIPANTS' PROMISSORY NOTES COMBINED ACCOUNT ACCOUNTS ------------------- -------------- ADDITIONS Contributions: Employer $ -- $ 269,663 Employee -- 1,132,044 Investment income: Interest income 44,438 667,415 Dividend income -- 2,648,283 Net appreciation (depreciation) -- 125,888 ------------------- -------------- Total additions 44,438 4,843,293 ------------------- -------------- DEDUCTIONS Withdrawals and terminations (85,180) (11,624,190) Transfers to other plans (236,679) (6,858,844) Administrative expenses -- -- ------------------- -------------- Total deductions (321,859) (18,483,034) ------------------- -------------- INCREASE (DECREASE) BEFORE INTER-FUND TRANSFERS Inter-fund transfers (220,200)(1) -- ------------------- -------------- NET INCREASE (DECREASE) (497,621) (13,639,741) NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 814,130 33,850,291 ------------------- -------------- End of year $ 316,509 $ 20,210,550 =================== ==============
(1) 1996 inter-fund transfers include new loans issued of $151,415 and repayments of $327,177. 16 NOTE 8. VOLUNTARY COMPLIANCE RESOLUTION In August 1997, RPR filed with the IRS a Voluntary Compliance Resolution Program (VCR) for the approval by the IRS of a correction on behalf of the Plan of certain operational defects associated with the Plan. These operational defects occurred during the distribution of funds to former Plan participants under the previous Plan administrator. The IRS approved the correction in January 1998 and stated that if the approved corrections were made, there would be no adverse effect on the qualified status of the Plan. RPR is currently in the process of utilizing the IRS Locator Program to locate the former plan participants. RPR believes that compliance with the approved corrective program can be completed by the end of October 1998. 17 SUPPLEMENTAL SCHEDULES FISONS CORPORATION THRIFT PLAN LINE 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
PARTY IN-INTEREST IDENTITY OF ISSUE DESCRIPTION OF ASSET - --------------- ----------------------------------------- ---------------------------------------------------------------- * IDS Mutual (Class Y) Balanced mutual fund (156,922 units at $13.728 per unit) * IDS Discovery Fund (Class Y) Equity mutual fund (12,538 units at $11.743 per unit) * IDS Growth Fund (Class Y) Equity mutual fund (8,739 units at $31.790 per unit) * IDS Managed Allocation Fund (Class Y) Balanced mutual fund (3,272 units at $10.955 per unit) * IDS New Dimensions Fund, Inc. (Class Y) Equity mutual fund (110,060 units at $23.862 per unit) * American Express Trust Equity Index Fund I Equity index fund (219,212 units at $27.252 per unit) N/A Rhone-Poulenc Rorer Inc. Interest Accumulation Pooled fund of guaranteed insurance contracts Account (Interest rates ranging from 5.53% to 9.06%; mature at various dates from 1/30/98 to 1/13/06) N/A AIM Constellation Fund Equity mutual fund (52,966 unit at $26.380 per unit) N/A Templeton Foreign Fund (Class II) Equity mutual fund (86,297 units at $9.950 per unit) DECEMBER 31, 1997 ----------------------------- PARTY CURRENT IN-INTEREST COST VALUE - --------------- ------------ --------------- * $ 2,166,870 $ 2,154,228 * 155,893 147,231 * 278,352 277,824 * 37,958 35,845 * 2,346,817 2,626,250 * 4,345,098 5,973,965 N/A 6,779,938 7,326,148 N/A 1,353,124 1,397,253 N/A 865,388 858,656 ----------- ----------- $18,329,438 $20,797,400 =========== ===========
* See the attached "Schedule of Reportable Transactions" for details of transactions with parties-in-interest. 19 FISONS CORPORATION THRIFT PLAN LINE 27D - SCHEDULE OF REPORTABLE TRANSACTIONS (SEE AMERICAN EXPRESS TRUST REPORT ATTACHED 20 [LOGO OF AMERICAN EXPRESS APPEARS HERE] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS FINANCIAL FISONS CORPORATION THRIFT PLAN PAGE 10 ADVISORS FROM 1/1/97 TO 12/31/97 ACCOUNT DMO186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS ----------- --------- ----- -------- --------- ---------- --------- BEGINNING MARKET VALUE 20,209,138.82 COMPARATIVE VALUE (5%) 1,010,456.94 ---------------------- -------------
CATEGORY 1 - SINGLE TRANSACTION EXCEEDS 5% OF VALUE *** NO TRANSACTIONS QUALIFIED FOR THIS SECTION *** ================================================================================
CATEGORY 2 - SERIES OF TRANSACTIONS WITH SAME BROKER EXCEEDS 5% OF VALUE BROKER: NO BROKER ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/02/97 B 12,878 13.718 0 176,666- 176,666 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/09/97 B 193 13.740 0 2,649- 2,649 ISSUE: 990008831 - RPR POOLED STOCK FUND 01/09/97 B 16 15.900 0 262- 262 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/13/97 S 1,493 13.745 0 20,519 20,240 278 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/16/97 S 2,959 13.759 0 40,715 40,122 593 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/17/97 S 345 13.761 0 4,744 4,675 70 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/21/97 S 5,682 13.772 0 78,246 77,034 1,213 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/24/97 B 2,564 13.780 0 35,326- 35,326 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/28/97 S 232 13.790 0 3,198 3,144 53
[LOGO] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS FINANCIAL FISONS CORPORATION THRIFT PLAN PAGE 11 ADVISORS FROM 7/1/97 TO 12/31/97 ACCOUNT DMO186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS ----------- --------- ----- -------- --------- ---------- --------- ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/29/97 B 1 13.785 0 13- 13 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/04/97 S 952 13.809 0 13,144 12,906 237 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/07/97 S 737 13.817 0 10,178 9,988 190 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND O2/11/97 S 307 13.827 0 4,243 4,161 82 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/12/97 S 868 13.830 0 12,000 11,765 235 ISSUE: 990008898 - RPR POOLED STOCK FUND 02/12/97 B 886 15.796 0 14,000- 14,000 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/13/97 S 5,047 13.833 0 69,809 68,429 1,380 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/18/97 B 19 13.838 0 265- 265 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/19/97 B 154 13.849 0 2,134- 2,134 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/25/97 S 1,051 13.865 0 14,567 14,246 321 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/26/97 S 133 13.867 0 1,838 1,797 41 ISSUE: 990008898 - RPR POOLED STOCK FUND 02/27/97 S 3,605 13.870 0 50,000 48,881 1,119 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/27/97 B 3,204 15.604 0 50,000- 50,000 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 02/28/97 B 13 13.873 0 176- 176 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/07/97 S 977 13.891 0 13,567 13,244 324 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/11/97 S 7,920 13.902 0 110,110 107,397 2,712 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/12/97 B 38 13.905 0 534- 534 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/13/97 B 30 13.907 0 421- 421 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/14/97 B 24 13.910 0 339- 339 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/17/97 S 1,912 13.913 0 26,958 25,922 676 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/25/97 S 311 13.939 0 4,341 4,223 118 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 03/31/97 S 4,046 13.947 0 56,436 54,869 1,567 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
[LOGO] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS FINANCIAL FISONS CORPORATION THRIFT PLAN PAGE 12 ADVISORS FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS - ----------- --------- ----- -------- --------- ---------- --------- ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/02/97 B 13 13.961 0 176- 176 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/07/97 S 210 13.969 0 2,938 2,852 86 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/09/97 B 38 13.980 0 534- 534 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/10/97 B 32 13.982 0 449- 449 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/21/97 S 500 14.007 0 7,000 6,776 224 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/22/97 B 5 14.015 0 73- 73 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/23/97 S 604 14.017 0 8,464 8,188 276 ISSUE: 990008831 - RPR POOLED STOCK FUND 04/23/97 B 407 14.729 0 6,000- 6,000 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 04/30/97 S 1,605 14.036 0 22,533 21,769 765 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/02/97 B 1,277 14.042 0 17,932- 17,932 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/07/97 B 63 14.055 0 888- 888 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/12/97 B 26 14.063 0 360- 360 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/13/97 B 0 14.035 0 1- 1 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/15/97 S 1,332 14.076 0 18,755 18,069 686 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/16/97 B 8 14.078 0 107- 107 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/28/97 S 522 14.112 0 7,371 7,083 288 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 05/30/97 B 23 14.117 0 318- 318 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/03/97 B 1,763 14.128 0 24,907- 24,907 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/05/97 S 1,685 14.133 0 23,817 22,856 961 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/09/97 S 1,185 14.139 0 16,760 16,077 683 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/11/97 S 24,981 14.150 0 353,482 338,806 14,675 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/12/97 B 28 14.152 0 401- 401
[LOGO] SCHEDULE G INFORMATION - PART V FINANCIAL REPORTABLE TRANSACTIONS ADVISORS FISONS CORPORATION THRIFT PLAN PAGE 13 FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS - ----------- --------- ----- -------- --------- ---------- --------- ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/18/97 S 2,016 14.169 0 28,568 27,345 1,223 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/19/97 S 1,833 14.171 0 25,982 24,867 1,116 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/23/97 S 529 14.177 0 7,500 7,175 325 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 06/25/97 B 4 14.186 0 60- 60 ISSUE: 990008831 - RPR POOLED STOCK FUND 06/30/97 B 610 19.622 0 11,960- 11,960 ISSUE: 990008831 - RPR POOLED STOCK FUND 07/07/97 B 2,497 20.021 0 50,000- 50,000 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/07/97 S 3,518 14.212 0 50,000 47,715 2,285 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/08/97 S 3,515 14.223 0 50,000 47,678 2,322 ISSUE: 990008831 - RPR POOLED STOCK FUND 07/08/97 B 2,494 20.048 0 50,000- 50,000 ISSUE: 990008831 - RPR POOLED STOCK FUND 07/09/97 B 651 20.155 0 13,119- 13,119 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/09/97 S 4,218 14.226 0 60,000 57,202 2,798 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/10/97 S 351 14.228 0 5,000 4,766 234 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/11/97 B 29 14.231 0 411- 411 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/14/97 B 36 14.234 0 510- 510 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/21/97 B 36 14.253 0 515- 515 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/23/97 S 4,441 14.264 0 63,353 60,238 3,115 ISSUE: 990008831 - RPR POOLED STOCK FUND 07/23/97 B 327 20.182 0 6,603- 6,603 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/25/97 S 336 14.270 0 4,800 4,562 238 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/28/97 S 2,804 14.272 0 40,021 38,032 1,989 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/29/97 S 296 14.281 0 4,227 4,014 213 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/30/97 S 1,517 16.283 0 21,662 20,570 1,092 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 07/31/97 B 28 14.286 0 400- 400
[LOGO] SCHEDULE G INFORMATION - PART V FINANCIAL REPORTABLE TRANSACTIONS ADVISORS FISONS CORPORATION THRIFT PLAN PAGE 14 FROM 1/1/97 TO 12/31/97 ACCOUNT DMD 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS - ------------ --------- ----- -------- ---------- ---------- --------- ISSUE: 990008831 - RPR POOLED STOCK FUND 07/31/97 B 10 20.302 0 200- 200 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/04/97 S 2,513 14.292 0 35,911 34,079 1,832 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/07/97 S 2,770 14.305 0 39,630 37,574 2,056 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/11/97 S 1,101 14.311 0 15,750 14,927 823 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/12/97 B 29 14.319 0 411- 411 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/13/97 B 44 14.322 0 637- 637 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/18/97 S 1,910 14.330 0 27,369 25,904 1,465 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/19/97 S 2,210 14.338 0 31,693 29,979 1,713 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/21/97 B 16 14.344 0 224- 224 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 08/28/97 S 149 14.363 0 2,133 2,014 119 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 09/03/97 S 3,718 14.380 0 53,466 50,428 3,038 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 09/04/97 S 722 14.382 0 10,382 9,791 591 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 09/10/97 B 53 14.399 0 759- 759 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 09/16/97 S 6,128 14.416 0 88,347 83,119 5,228 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 09/23/97 S 1,247 14.435 0 18,000 16,913 1,087 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 09/24/97 S 46 14.438 0 664 624 40 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 09/25/97 B 4 14.440 0 60- 60 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/02/97 B 113 14.460 0 1,636- 1,636 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/07/97 S 578 14.474 0 8,368 7,842 527 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/09/97 B 12,882 14.479 0 186,515- 186,515 ISSUE: 990008831 - RPR POOLED STOCK FUND 10/09/97 S 10,128 20.885 0 211,515 184,421 27,094 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/10/97 B 21 14.481 0 309- 309
[LOGO OF AMERICAN EXPRESS APPEARS HERE] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS PAGE 15 FINANCIAL FISIONS CORPORATION THRIFT PLAN ADVISORS FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS - ----------- --------- ----- -------- ---- ---------- --------- ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/13/97 S 1,380 14.484 0 19,991 18,751 1,240 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/14/97 S 4,630 14.491 0 67,100 62,908 4,192 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/20/97 S 397 14.501 0 5,762 5,398 364 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/22/97 S 99 14.512 0 1,436 1,345 92 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/23/97 S 3,003 14.514 0 43,583 40,795 2,767 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/24/97 B 4 14.516 0 60- 60- ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/28/97 S 2,762 14.527 0 40,127 37,527 2,600 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/29/97 S 2,415 14.530 0 35,091 32,810 2,281 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 10/30/97 S 527 14.533 0 7,655 7,156 499 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/04/97 S 477 14.546 0 6,939 6,481 458 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/05/97 B 27 14.548 0 398- 398 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/10/97 S 503 14.557 0 7,318 6,830 488 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/11/97 S 1,291 14.565 0 18,806 17,542 1,264 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/12/97 S 10,572 14.568 0 154,008 143,624 10,384 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/13/97 B 7,005 14.570 0 102,067- 102,067 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/14/97 S 120 14.573 0 1,750 1,633 117 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/18/97 S 1,450 14.584 0 21,142 19,715 1,427 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/24/97 B 4 14.592 0 60- 60 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 11/26/97 B 187 14.605 0 2,736- 2,736 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/02/97 B 774 14.621 0 11,314- 11,314 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/04/97 B 1,501 14.627 0 21,952- 21,952 ISSUE: 990008831 - RPR POOLED STOCK FUND 12/04/97 S 1,050 20.903 0 21,952 19,124 2,828
[LOGO] SCHEDULE G INFORMATION - PAST V REPORTABLE TRANSACTIONS FINANCIAL FISONS CORPORATION THRIFT PLAN PAGE 16 ADVISORS FROM 1/1/97 TO 12/31/97 ACCOUNT DMO186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS ----------- --------- ----- -------- --------- ---------- --------- ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/O8/97 B 14 14.631 0 209- 209 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/09/97 B 214 14.640 0 3,137- 3,137 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/10/97 S 1,707 14.643 0 25,000 23,228 1,772 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/22/97 S 21 14.669 0 315 292 23 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/23/97 S 205 14.677 0 3,002 2,782 219 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 12/30/97 S 4,001 14.696 0 58,793 54,428 4,365 -------- --------- ---------- --------- SUB-TOTAL 0 3,240,677 3,110,860 129,816 GRAND TOTAL 0 3,240,677 3,110,860 129,816
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CATEGORY 3 - SERIES OF TRANSACTIONS IN SAME SECURITY EXCEEDS 5% OF VALUE ISSUE: 990008476 - EQUITY INDEX 1 01/02/97 S 5,720 20.506 0 117,303 111,211 6,092 01/08/97 S 1,184 20.836 0 24,663 23,012 1,651 01/09/97 B 3 20.707 0 71- 71 01/16/97 S 579 21.231 0 12,288 11,252 1,036 01/17/97 S 400 21.302 0 8,517 7,773 744 01/20/97 S 417 21.481 0 8,955 8,105 850 01/21/97 S 1,840 21.495 0 39,544 35,765 3,779 01/23/97 S 905 21.758 0 19,680 17,585 2,096 01/24/97 S 1,642 21.519 0 35,326 31,914 3,411 01/28/97 S 1,352 21.172 0 28,631 26,290 2,341 01/29/97 B 0 21.149 0 2- 2 02/04/97 B 414 21.785 0 9,024- 9,024 02/05/97 B 2 21.859 0 44- 44 02/07/97 S 43 21.614 0 924 831 93 02/11/97 S 510 21.758 0 11,094 9,915 1,179
[LOGO OF AMERICAN EXPRESS APPEARS HERE] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS PAGE 17 FINANCIAL FISIONS CORPORATION THRIFT PLAN ADVISORS FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS - ----------- --------- ----- -------- --------- ---------- --------- 02/13/97 B 605 22.243 0 13,451- 13,451 02/18/97 B 10 22.402 0 224- 224 02/19/97 S 1,788 22.623 0 40,454 34,786 5,668 02/25/97 S 196 22.461 0 4,395 3,806 589 02/26/97 S 256 22.511 0 5,755 4,973 782 03/07/97 S 622 22.159 0 13,784 12,101 1,603 03/12/97 B 47 22.513 0 1,061- 1,061 03/13/97 B 14 22.318 0 304- 304 03/14/97 B 3 21.913 0 73- 73 03/17/97 B 604 22.016 0 13,299- 13,299 03/25/97 B 6 21.954 0 141- 141 03/31/97 S 498 21.489 0 10,697 9,687 1,009 04/07/97 S 76 21.052 0 1,603 1,482 121 04/09/97 B 50 22.187 0 1,061- 1,061 04/10/97 B 3 21.131 0 71- 71 04/22/97 B 9 21.134 0 185- 185 04/23/97 S 2,019 21.530 0 43,460 39,284 4,175 04/30/97 B 2 22.059 0 42- 42 05/02/97 S 449 22.197 0 9,976 8,746 1,229 05/07/97 B 41 23.012 0 944- 944 05/12/97 B 810 22.937 0 18,579- 18,579 05/15/97 S 202 23.260 0 4,707 3,941 766 05/16/97 B 14 23.422 0 321- 321 05/21/97 S 62 23.418 0 1,463 1,217 246 05/28/97 S 946 23.648 0 22,362 18,416 3,946 05/30/97 B 11 23.499 0 270- 270 06/03/97 S 1,057 23.564 0 24,907 20,585 4,322 06/09/97 B 48 23.895 0 1,156- 1,156 06/12/97 S 174 24.226 0 4,207 3,382 825 06/18/97 B 516 24.916 0 12,861- 12,861 06/19/97 S 1,122 24.766 0 27,798 21,875 5,923 06/23/97 B 200 25.033 0 5,000- 5,000 06/25/97 B 69 24.971 0 1,717- 1,717 06/30/97 S 322 24.726 0 7,960 6,276 1,684 07/09/97 B 218 25.615 0 5,575- 5,575 07/11/97 B 25 25.476 0 640- 640 07/14/97 B 7 25.556 0 171- 171 07/21/97 B 12 25.526 0 299- 299 07/23/97 B 1,730 26.047 0 45,068- 45,068 07/24/97 B 3,442 26.121 0 89,915- 89,915 07/25/97 B 259 26.223 0 6,800- 6,800 07/28/97 S 1,696 26.179 0 44,394 33,346 11,048 07/31/97 B 8 26.558 0 200- 200 08/04/97 B 78 26.419 0 2,071- 2,071
[LOGO] SCHEDULE G INFORMATION - PART V FINANCIAL REPORTABLE TRANSACTIONS ADVISORS FISONS CORPORATION THRIFT PLAN PAGE 18 FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS ----------- --------- ----- -------- --------- ---------- --------- 08/07/97 B 1,489 26.789 0 39,879- 39,879 08/12/97 B 15 26.147 0 395- 395 08/13/97 B 54 25.856 0 1,395- 1,395 08/19/97 B 1,292 25.477 0 32,908- 32,908 08/21/97 B 5 26.229 0 141- 141 08/28/97 S 170 25.516 0 4,332 3,353 979 09/03/97 S 148 25.912 0 3,841 2,928 913 09/04/97 B 6 25.924 0 153- 153 09/10/97 B 23 26.089 0 591- 591 09/16/97 S 608 25.717 0 15,630 12,004 3,626 09/24/97 S 330 26.620 0 8,786 6,519 2,267 09/25/97 B 5 26.403 0 141- 141 10/02/97 B 30 26.719 0 803- 803 10/08/97 S 115 27.499 0 3,156 2,267 889 10/09/97 B 917 27.249 0 25,000- 25,000 10/10/97 B 17 27.160 0 473- 473 10/13/97 B 6 27.063 0 166- 166 10/14/97 S 3,112 27.093 0 84,326 61,574 22,752 10/15/97 S 1,149 27.154 0 31,196 22,728 8,468 10/22/97 S 320 27.202 0 8,713 6,337 2,376 10/23/97 B 575 27.108 0 15,583- 15,583 10/24/97 B 5 26.611 0 141- 141 10/28/97 S 914 24.554 0 22,436 18,094 4,342 10/30/97 B 168 25.739 0 4,321- 4,321 11/04/97 S 129 26.300 0 3,384 2,548 835 11/05/97 B 21 26.349 0 549- 549 11/06/97 B 2 26.410 0 42- 42 11/10/97 B 141 25.994 0 3,659- 3,659 11/12/97 B 325 25.892 0 8,414- 8,414 11/18/97 S 283 26.531 0 7,506 5,608 1,899 11/24/97 B 5 27.010 0 141- 141 12/02/97 B 1 27.345 0 30- 30 12/03/97 B 0 27.143 0 0- 0 12/08/97 B 14 27.606 0 395- 395 12/09/97 B 6 27.563 0 166- 166 -------- --------- ---------- --------- SUB-TOTAL 0 1,134,279 1,017,642 116,634 ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND 01/02/97 B 12,878 13.718 0 176,666- 176,666 01/09/97 B 193 13.740 0 2,649- 2,649 01/13/97 S 1,493 13.745 0 20,519 20,240 278 01/16/97 S 2,959 13.759 0 40,715 40,122 593
[LOGO] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS FINANCIAL FISONS CORPORATION THRIFT PLAN PAGE 19 ADVISORS FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 186500 DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS ----------- --------- ----- -------- --------- ---------- --------- 01/17/97 S 345 13.761 0 4,744 4,675 70 01/21/97 S 5,682 13.772 0 78,246 77,034 1,213 01/24/97 B 2,564 13.780 0 35,326- 35,326 01/28/97 S 232 13.790 0 3,198 3,144 53 01/29/97 B 1 13.785 0 13- 13 02/04/97 S 952 13.809 0 13,144 12,906 237 02/07/97 S 737 13.817 0 10,178 9,988 190 02/11/97 S 307 13.827 0 4,243 4,161 82 02/12/97 S 868 13.830 0 12,000 11,765 235 02/13/97 S 5,047 13.833 0 69,809 68,429 1,380 02/18/97 B 19 13.838 0 265- 265 02/19/97 B 154 13.849 0 2,134- 2,134 02/25/97 S 1,051 13.865 0 14,567 14,246 321 02/26/97 S 133 13.867 0 1,838 1,797 41 02/27/97 S 3,605 13.870 0 50,000 48,881 1,119 02/28/97 B 13 13.873 0 176- 176 03/07/97 S 977 13.891 0 13,567 13,244 324 03/11/97 S 7,920 13.902 0 110,110 107,397 2,712 03/12/97 B 38 13.905 0 534- 534 03/13/97 B 30 13.907 0 421- 421 03/14/97 B 24 13.910 0 339- 339 03/17/97 S 1,912 13.913 0 26,598 25,922 676 03/25/97 S 311 13.939 0 4,341 4,223 118 03/31/97 S 4,046 13.947 0 56,436 54,869 1,567 04/02/97 B 13 13.961 0 176- 176 04/07/97 S 210 13.969 0 2,938 2,852 86 04/09/97 B 38 13.980 0 534- 534 04/10/97 B 32 13.982 0 449- 449 04/21/97 S 500 14.007 0 7,000 6,776 224 04/22/97 B 5 14.015 0 73- 73 04/23/97 S 604 14.017 0 8,464 8,188 276 04/30/97 S 1,605 14.036 0 22,533 21,769 765 05/02/97 B 1,277 14.042 0 17,932- 17,932 05/07/97 B 63 14.055 0 888- 888 05/12/97 B 26 14.063 0 360- 360 05/13/97 B 0 14.035 0 1- 1 05/15/97 S 1,332 14.076 0 18,755 18,069 686 05/16/97 B 8 14.078 0 107- 107 05/28/97 S 522 14.112 0 7,371 7,083 288 05/30/97 B 23 14.117 0 318- 318 06/03/97 B 1,763 14.128 0 24,907- 24,907 06/05/97 S 1,685 14.133 0 23,817 22,856 961 06/09/97 S 1,185 14.139 0 16,760 16,077 683 06/11/97 S 24,981 14.150 0 353,482 338,806 14,675
[LOGO] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS FINANCIAL FISONS CORPORATION THRIFT PLAN PAGE 20 ADVISORS FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS - ----------- --------- ----- -------- --------- ---------- --------- 06/12/97 B 28 14.152 0 401- 401 06/18/97 S 2,016 14.169 0 28,568 27,345 1,223 06/19/97 S 1,833 14.171 0 25,982 24,867 1,116 06/23/97 S 529 14.177 0 7,500 7,175 325 06/25/97 B 4 14.186 0 60- 60 07/07/97 S 3,518 14.212 0 50,000 47,715 2,285 07/08/97 S 3,515 14.223 0 50,000 47,678 2,322 07/09/97 S 4,218 14.226 0 60,000 57,202 2,798 07/10/97 S 351 14.228 0 5,000 4,766 234 07/11/97 B 29 14.231 0 411- 411 07/14/97 B 36 14.234 0 510- 510 07/21/97 B 36 14.253 0 515- 515 07/23/97 S 4,441 14.264 0 63,353 60,238 3,115 07/25/97 S 336 14.270 0 4,800 4,562 238 07/28/97 S 2,804 14.272 0 40,021- 38,032 1,989 07/29/97 S 296 14.281 0 4,227 4,014 213 07/30/97 S 1,517 14.283 0 21,662 20,570 1,092 07/31/97 B 28 14.286 0 400- 400 08/04/97 S 2,513 14.292 0 35,911 34,079 1,832 08/07/97 S 2,770 14.305 0 39,630 37,574 2,056 08/11/97 S 1,101 14.311 0 15,750 14,927 823 08/12/97 B 29 14.319 0 411- 411 08/13/97 B 44 14.322 0 637- 637 08/18/97 S 1,910 14.330 0 27,369 25,904 1,465 08/19/97 S 2,210 14.338 0 31,693 29,979 1,713 08/21/97 B 16 14.344 0 224- 224 08/28/97 S 149 14.363 0 2,133 2,014 119 09/03/97 S 3,718 14.380 0 53,466 50,428 3,038 09/04/07 S 722 14.382 0 10,382 9,791 591 09/10/97 B 53 14.399 0 759- 759 09/16/97 S 6,128 14.416 0 88,347 83,119 5,228 09/23/97 S 1,247 14.435 0 18,000 16,913 1,087 09/24/97 S 46 14.438 0 664 624 40 09/25/97 B 4 14.440 0 60- 60 10/02/97 B 113 14.460 0 1,636- 1,636 10/07/97 S 578 14.474 0 8,368 7,842 527 10/09/97 B 12,882 14.479 0 186,515- 186,515 10/10/97 B 21 14.481 0 309- 309 10/13/97 S 1,380 14.484 0 19,991 18,751 1,240 10/14/97 S 4,630 14.491 0 67,100 62,908 4,192 10/20/97 S 397 14.501 0 5,762 5,398 364 10/22/97 S 99 14.512 0 1,436 1,345 92 10/23/97 S 3,003 14.514 0 43,583 40,795 2,787 10/24/97 B 4 14.516 0 60- 60
SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS FISONS CORPORATION THRIFT PLAN PAGE 21 FINANCIAL FROM 1/1/97 TO 12/31/97 ADVISORS ACCOUNT DMO 186500
DATE SHARE/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS - ----------- --------- ----- -------- --------- ---------- --------- 10/28/97 S 2,762 14.527 0 40,127 37,527 2,600 10/29/97 S 2,415 14.530 0 35,091 32,810 2,281 10/30/97 S 527 14.533 0 7,655 7,156 499 11/04/97 S 477 14.546 0 6,939 6,481 458 11/05/97 B 27 14.548 0 398- 398 11/10/97 S 503 14.557 0 7,318 6,830 488 11/11/97 S 1,291 14.565 0 18,806 17,542 1,264 11/12/97 S 10,572 14.568 0 154,008 143,624 10,384 11/13/97 B 7,005 14.570 0 102,067- 102,067 11/14/97 S 120 14.573 0 1,750 1,633 117 11/18/97 S 1,450 14.584 0 21,142 19,715 1,427 11/24/97 B 4 14.592 0 60- 60 11/26/97 B 187 14.605 0 2,736- 2,736 12/02/97 B 774 14.621 0 11,314- 11,314 12/04/97 B 1,501 14.627 0 21,952- 21,952 12/08/97 B 14 14.631 0 209- 209 12/09/97 B 214 14.640 0 3,137- 3,137 12/10/97 S 1,707 14.643 0 25,000 23,228 1,772 12/22/97 S 21 14.669 0 315 292 23 12/23/97 S 205 14.677 0 3,002 2,782 219 12/30/97 S 4,001 14.696 0 58,793 54,428 4,365 -------- ------------- ------------- ------------ SUB-TOTAL 0 2,805,066 2,705,171 99,894 GRAND-TOTAL 0 3,939,345 3,722,813 216,528 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------
CATEGORY 4 - SINGLE TRANSACTION WITH ONE BROKER EXCEEDS 5% OF VALUE *** NO TRANSACTION QUALIFIED FOR THIS SECTION *** [LOGO] SCHEDULE G INFORMATION - PART V REPORTABLE TRANSACTIONS FISONS CORPORATION THRIFT PLAN PAGE 22 FINANCIAL FROM 1/1/97 TO 12/31/97 ADVISORS ACCOUNT DMO 186500
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS ----------- --------- ----- -------- --------- ---------- ---------
FOOTNOTES --------- # = SINGLE TRANSACTION IS 5% REPORTABLE B = BUY TRANSACTION S = SELL TRANSACTION R = REINVESTMENT TRANSACTION SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan administrators have duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized. FISONS CORPORATION THRIFT PLAN Date: June 24, 1998 By: /s/ DAVID BRANDIES ------------------- ---------------------------------- David Brandies, for the Employee Savings Plan Committee, Administrator INDEX TO EXHIBITS Exhibit No. Exhibit - ----------- ----------------------------------- (1) Consent of Independent Accountants. EX-1 2 CONSENT OF INDEPENDENT ACCOUNTANTS EXHIBIT (1) CONSENT OF INDEPENDENT ACCOUNTANTS We Consent to the incorporation by reference in the registration statement of Rhone-Poulenc Rorer Inc. on Form S-8 (Registration No. 33-18701) of our report dated June 24, 1998 on our audit of the financial statements and supplemental schedules of Fisons Corporation Thrift Plan as of December 31, 1997 and 1996, and for the years ended December 31, 1997 and 1996, which report is included in this Annual Report on Form 11-k. /s/ COOPERS & LYBRAND L.L.P. --------------------------------- Coopers & Lybrand L.L.P. Philadelphia, Pennsylvania June 24, 1998 -----END PRIVACY-ENHANCED MESSAGE-----