-----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, K25QBokD+dd24uu171fL5wH/2Mt9Lfu4IpDPvLdY9uBHFVVLx2vTJ7KSBAgwr0gD dkmJ0d3pTn1DLS0m24AZYg== 0000023082-96-000008.txt : 19960207 0000023082-96-000008.hdr.sgml : 19960207 ACCESSION NUMBER: 0000023082-96-000008 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960206 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER SCIENCES CORP CENTRAL INDEX KEY: 0000023082 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 952043126 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04850 FILM NUMBER: 96511830 BUSINESS ADDRESS: STREET 1: 2100 E GRAND AVE CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3106150311 MAIL ADDRESS: STREET 1: 2100 EAST GRAND AVE CITY: EL SEGUNDO STATE: CA ZIP: 90245 11-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________ FORM 11-K ANNUAL REPORT PURSUANT TO SECTION 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended: December 31, 1995 [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. for the transition period from __________ to __________ Commission file number: 1-4850 A. Full title of plan and the address of the plan, if different from that of the issuer named below: CSC Outsourcing, Inc. CUTW Hourly Savings Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Computer Sciences Corporation 2100 East Grand Avenue El Segundo, California 90245 CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES FOR THE FIVE MONTHS ENDED DECEMBER 31, 1995 TABLE OF CONTENTS
FINANCIAL STATEMENTS: Statement of Net Assets Available for Benefits As of December 31, 1995 ...............................................1 Statement of Changes in Net Assets Available for Benefits For the Five Months Ended December 31, 1995 ...........................2 Notes to the Financial Statements .....................................3 SUPPLEMENTAL SCHEDULES: Schedule of Assets Held for Investment Purposes ......................13 Schedule of Reportable Transactions ..................................14
COMPUTER SCIENCES CORPORATION CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31 1995 ___________ Assets Investments: Long-term Investments (Note 8) $513,792 Short-term Investments (Note 8) 7,159 ________ Total Investments 520,951 ________ Receivables: Employee Contribution Receivable 2,307 Employer Contribution Receivable 1,184 Other Receivables 944 ________ Total Receivables 4,436 ________ Total Assets 525,387 ________ Liabilities Amounts Payable (Note 6) 2,637 ________ Total Liabilities 2,637 ________ Net Assets Available for Benefits $522,750 ======== See Notes to Financial Statements
COMPUTER SCIENCES CORPORATION CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
December 31 1995 ___________ Additions to Net Assets Attributable to: Investment Income: Net Appreciation in Fair Value of Investments (Note 9) $ 13,179 Interest 1,362 Dividends 644 ________ 15,185 ________ Contributions: Employee 23,887 Employer 12,254 Transfers From Prior Plan (Note 7) 471,424 ________ 507,565 ________ Total Additions 522,750 ________ Deductions to Net Assets Attributable to: Distributions to Participants (Note 1 & 6) -0- ________ Total Deductions -0- ________ Net Increase (Decrease) 522,750 Net Assets Available for Benefits: Beginning of Year -0- ________ End of Year $522,750 ======== See Notes to Financial Statements
COMPUTER SCIENCES CORPORATION CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN NOTES TO THE FINANCIAL STATEMENTS For the Five Months Ended December 31, 1995 Note 1 Description of the Plan ----------------------- The following brief description of the CSC Outsourcing Inc. CUTW Hourly Savings Plan (the "Plan") of Computer Sciences Corporation (the "Company") is provided for general information purposes only. Participants should refer to the Plan document for more complete information. The Plan became effective August 5, 1995, as a result of the Company acquiring certain employees of the Southern New England Telephone Company. The Plan is administered by a committee consisting of four officers (the "Committee) who are appointed by the Board of Directors of the Company and serve without compensation, being reimbursed by the Company for all expenditures incurred in the discharge of their duties as members of the Committee. The committee has the power to interpret, construe and administer the Plan and to decide any dispute which may arise under the Plan. The Trustee, The Bank of New York, administers the Trust pursuant to a Trust Agreement entered into with the Company. All administrative expenses incurred for services rendered to the Plan shall be paid from the Trust to the extent not paid by the Company. The Plan is a voluntary, contributory, defined contribution plan and is intended to satisfy the requirements of Section 401(a) and 401(k) of the Internal Revenue Code (the "Code"). The Company reserves the right to terminate the Plan at anytime. Upon such termination, the participants' rights to the Company's contributions vest immediately and the account balances are fully paid to the participants. Eligibility and Participation - ----------------------------- Employees are eligible to participate on specified enrollment dates if they satisfy the Plan's eligibility requirements, are hourly paid employees of CSC Outsourcing Inc. and are a member of a collective bargaining unit for which participation in this Plan has been provided by negotiated agreement. A rehired eligible employee is eligible to rejoin the Plan on the next enrollment date. There were approximately 33 participating employees at December 31, 1995. Employee and Company Contributions - ---------------------------------- A participant may authorize before-tax and after-tax contributions to the Plan subject to a maximum level of contributions (a certain percentage of base earnings), as specified by the bargaining agreement covering the employee. The Company will contribute, and forward to the Trust fund 66-2/3% of the first 1% to 6% for the employee matched contribution together with the participant's before-tax and after-tax contribution. The employees' base earnings deferred and contributed to the Trust fund cannot exceed $9,240 for calendar year 1995, the maximum allowable under the Code. Annual after-tax contributions to the Plan (including employee and Company matching contributions) are limited to $30,000 for each participant. Any compensation deferral in excess of $9,240 and any after-tax contributions with matching Company contributions in excess of $30,000, together with income allocable to those excess contributions will be returned to a participant. Any matching Company contributions attributable to any excess contribution, and income allocable thereto, will either be returned to the Company or applied to reduce future matching Company contributions. Vesting of Participants' Interests/Forfeitures - ---------------------------------------------- Participants are 100 percent vested at all times in their before-tax, after- tax contribution and Company matching accounts. Distributable Amounts, Withdrawals and Refunds - ---------------------------------------------- The entire balance in all accounts for participants who retire, die, become disabled, or are discharged is distributed according to the provisions of the Plan. There are no forfeitures. No amounts were distributed during 1995. While still an employee, a participant may make an in-service withdrawal of all or a part of the vested portion of his or her accounts attributable to their contributions, as well as vested Company matching contributions, plus the earnings on those amounts subject to the provisions of the Plan. Upon written notice to the Committee, a participant may make a hardship withdrawal of his or her before-tax and after-tax contributions, as well as Company matching contributions if the Committee finds, after considering the participant's request, that an adequate financial hardship and resulting need for such amount has been demonstrated by the participant. A participant may request a hardship withdrawal only if he or she first takes a loan of any available monies in the Plan. Both types of withdrawals are subject to certain restrictions as described in the Plan document. There were no withdrawals in 1995. Federal Income Tax Consequences - ------------------------------- The Plan is intended to qualify under Section 401(a) of the Code and, with respect to its qualified cash or deferred arrangement, under Section 401(k) of the Code. Since the requirements of Section 401(k) of the Code are satisfied, the following tax consequences result: (i) A participant would not be subject to federal income tax on Company contributions to the Plan or on income or realized gains in Plan Accounts attributable to the participant until a distribution from the Plan is made to him or her. (ii) The participant would be able to exclude from his or her income for federal income tax purposes, the amount of his or her compensation deferral contributions, subject to a maximum exclusion of $9,240 for 1995. (iii) On distribution of a participant's vested interest in the Plan, the participant generally would be subject to federal income taxation, except that: (1) tax on "net unrealized appreciation" on any Company stock distributed as a part of a "lump sum distribution" generally would be deferred until the participant disposes of such stock, and (2) tax may be deferred to the extent the participant is eligible for and complies with certain rules permitting the "rollover" of a qualifying distribution to another retirement plan, or individual retirement account. Note 2 Summary of Significant Accounting Policies ------------------------------------------ The accounting and reporting policies followed in preparation of the financial statements of the Plan of the Company conform with generally accepted accounting principles. The following is a summary of the significant policies. Assets of the Plan - ------------------ The assets of the Plan are held in a trust with five sub-accounts, which represents the investment options. The investment income in the respective sub-accounts is allocated to the participants. Contributions to, and payments from, the Plan are specifically identified to the applicable sub-accounts within the trust. Security Transactions - --------------------- Security transactions are accounted for on a trade date basis. Dividend income is recorded on the ex-dividend date. Interest income is accounted for on the accrual basis. Participants in the Stock Fund may elect to receive distributions in certificates for shares of the common stock of the Company. Valuation of Investment Securities - ---------------------------------- Investments in common stocks and mutual funds are stated at fair value based upon closing sales prices reported on recognized securities exchanges on the last business day of the month or, for the listed securities having no sales reported and for unlisted securities, upon last reported bid prices on that date. Investments in certificates of deposit, money market funds and corporate debt instruments (commercial paper) are stated at cost which approximates fair value. Valuation of Interest in Pooled Separate Accounts - ------------------------------------------------- The Plan's interest in pooled separate accounts represent guaranteed investment contracts. The guaranteed investment contracts are valued at contract value. Contract value represents contributions made by participants, plus interest at the contract rates, less withdrawals or transfers by participants. Note 3 Income Tax Status ----------------- The Company will apply for a determination letter within the applicable time period, from the Internal Revenue Service substantiating that the Plan, as amended, qualifies under Section 401(a) of the Code and, with respect to its qualified cash or deferred arrangement, under Section 401(k) of the Code. Note 4 Investment Funds ---------------- Participant contributions - Subject to rules the bargaining units have adopted, each participant has the right to designate one or more of the following investment funds established by the Committee for the investment of his or her compensation deferral contributions and after-tax contributions in percentages determined by the bargaining unit. The Fixed Income Fund. The fund is invested in contracts with insurance companies and other financial institutions. These institutions assure repayment of principal with interest at a fixed rate of return for the life of each contract. This is a commitment by the insurance company or the financial institution to make agreed upon payments and that agreement is not secured, insured or guaranteed by the Company or any other third party. The interest income earned by these contracts is reported as a blended rate. The Balanced Fund. The fund is invested with Brinson Trust Company. The Brinson Trust U.S. Balanced Fund is an actively managed portfolio which applies their asset allocation expertise to U.S. stocks, bonds and cash. Brinson Partners' U.S. balanced investment strategy is developed in the context of their global asset allocation process and is based on analysis of long term economic and market conditions. The stock portfolio will typically consist of large, intermediate and small companies which they believe offer sound value to the investor. The bond portion of the portfolio emphasizes high quality and is primarily invested in U.S. Treasury, government agency and corporate issues. This fund's investment objective is to maximize total return, consisting of capital appreciation and current income, without assuming undue risk. The Active Equity Fund. The fund is invested with Brinson Trust Company. The Brinson Trust U.S. Equity Portfolio is invested in common stocks traded in the U.S. The fund's objective is to maximize total return which consists of capital appreciation and current income. The fund's investment philosophy is to utilize the firm's extensive in-house research in the stock selection process. The Stock Index Fund. The fund is invested with the Mellon Capital Management Stock Index Fund. The fund is designed to closely follow or track the movement of the Standard & Poor's 500 Composite Price Index (S&P 500), with enhancement to the index. This fund provides an opportunity to invest in a broadly diversified portfolio of U.S. stocks using a passive or "indexed" approach. The Company Stock Fund. Amounts allocated to this investment alternative will be used to purchase shares of CSC common stock which will be held for the benefit of the participant. The performance of this investment will depend upon the performance of CSC's stock. The Trustee may purchase Company stock on national securities exchanges or elsewhere. In accordance with rules established by the Committee, participants may change their investment elections as of the first day of the first payroll period in the month, if filed within the prescribed time, by delivering an election form to the Company. Participants may transfer their existing account balances in 1 percent increments. Transfer elections are effective as of the first day of the month, or the second month if the participants election form is not filed within the time prescribed by the Committee, following the month in which the participant files his election form with the Company. Company contributions - In accordance with the provisions of the Plan, the Trustee must promptly invest matching Company contributions paid into the Trust Fund in the same fund as the participant contributions. Number of Participants The approximate number of participants having account balances in each of the five separate funds at December 31, 1995 was as follows:
Investment Fund Number of Participants The Fixed Income Fund 18 The Balanced Fund 10 The Active Equity Fund 18 The Index Equity Fund 11 The CSC Stock Fund 31
The sum of the number of participants shown above is greater than the total number of participants in the Plan because many are participating in more than one fund. Note 5 Participant Loans ----------------- The Plan has a loan provision in place which is available to participants covered by the bargaining unit. As of December 31, 1995, $18,413 of loans were outstanding. Note 6 Benefits Payable ---------------- The Plan complies with the AICPA Audit and Accounting Guide, Audits of Employee Benefit Plans. The guide recommends that benefits payable to persons who have withdrawn from participation in a defined contribution plan be disclosed in the footnotes to the financial statements rather than be recorded as a liability of the Plan. As of December 31, 1995, net assets available for benefits included no benefits due to participants who have withdrawn from participation in the Plan. Note 7 Merging of Plans ---------------- The Plan received $453,011 on November 15, 1995 and $18,413 on December 29, 1995 from Boston Safe Deposit & Trust Co. These amounts represent the balances of 23 participants as of November 14, 1995. Note 8 Investments 1995 ----------------
Shares/Par Value Cost Fair Value ________________ ________ __________ Fixed Income Fund Payden & Rygel 53,364 $ 52,725 $ 52,811 Payden & Rygel Short-Term Fund 1,482 1,482 1,482 BNY Short-Term Money Market Fund 4 4 4 Balanced Fund Brinson Trust Company Inc. U.S. Bond Fund sh. 209 21,612 22,021 U.S. Stock Fund 75 15,450 16,162 U.S. Cash Management Fund 2,136 2,136 2,136 BNY Short-Term Money Market Fund 158 158 158 Active Equity Fund Brinson Trust Company, Inc. U.S. Equity Portfolio sh. 666 154,357 161,068 BNY Short-Term Money Market Fund 193 193 193 Stock Index Fund Mellon Bank N.A. Mellon EB Stock Index Fund sh. 154 27,815 28,633 Mellon Temporary Investment Fund 328 328 328 BNY Short-Term Money Market Fund 184 184 184 Company Stock Fund Computer Sciences Common Stock sh. 3,056 210,665 214,684 BNY Short-Term Money Market Fund 2,674 2,674 2,674 CSC Employee Loan Fund Participant Loans 18,413 18,413 18,413 ________ ________ $508,196 $520,951 ======== ======== Total Long-Term Investments $501,037 $513,792 Total Short-Term Investments 7,159 7,159 ________ ________ $508,196 $520,951 ======== ========
Note 9 Statements of Net Assets Available for Benefits by Fund -------------------------------------------------------
December 31, 1995 ________________________________________________________ Fixed Balanced Active Index Company Loan Income Fund Equity Equity Stock Fund _______ ________ ________ _______ ________ _______ Assets Long-term Investments $52,811 $38,183 $161,068 $28,633 $214,684 $18,413 Short-term Investments 1,487 2,293 193 512 2,674 -0- Other Assets 1,296 168 190 182 2,600 -0- _______ _______ ________ _______ ________ _______ Total Assets 55,594 40,644 161,451 29,327 219,958 18,413 Liabilities Amounts Payable -0- -0- -0- -0- 2,637 -0- _______ _______ ________ _______ ________ _______ Total Liabilities -0- -0- -0- -0- 2,637 -0- _______ _______ ________ _______ ________ _______ Net Assets Available for Benefits $55,594 $40,644 $161,451 $29,327 $217,321 $18,413 ======= ======= ======== ======= ======== =======
Note 9 Statements of Changes in Net Assets Available for Benefits by Fund ------------------------------------------------------------------
December 31, 1995 ________________________________________________________ Fixed Balanced Active Index Company Loan Income Fund Equity Equity Stock Fund _______ ________ ________ _______ ________ _______ Additions to Net Assets Attributable to: Investment Income Net Appreciation in Fair Value of Investments $ 510 $ 1,121 $ 6,711 $ 818 $ 4,019 $ -0- Interest Income 930 35 23 16 358 -0- Dividend Income -0- 122 356 166 -0- -0- _______ _______ ________ _______ ________ _______ 1,440 1,278 7,090 1,000 4,377 -0- _______ _______ ________ _______ ________ _______ Contributions Employee 3,958 1,592 1,925 1,861 14,551 -0- Employer -0- -0- -0- -0- 12,254 -0- Transfers From Prior Plan 50,196 37,774 152,436 26,466 186,139 18,413 _______ _______ ________ _______ ________ _______ 54,154 39,366 154,361 28,327 212,944 18,413 _______ _______ ________ _______ ________ _______ Total Additions 55,594 40,644 161,451 29,327 217,321 18,413 Deductions to Net Assets Attributable to: Distributions to Participants -0- -0- -0- -0- -0- -0- _______ _______ ________ _______ ________ _______ Total Deductions _______ _______ ________ _______ ________ _______ Net Increase 55,594 40,644 161,451 29,327 217,321 18,413 _______ _______ ________ _______ ________ _______ Net Assets Available for Benefits: Beginning of Year -0- -0- -0- -0- -0- -0- _______ _______ ________ _______ ________ _______ End of Year $55,594 $40,644 $161,451 $29,327 $217,321 $18,413 ======= ======= ======== ======= ======== =======
1995 Form 5500 Item 27(a) Computer Sciences Corporation EIN 88-0276684 CSC Outsourcing Inc. CUTW Hourly Savings Plan SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
(e)Current (a) (b)Issuer (c)Description of Investment (d)Cost Value ___ _________________ ______________________________ ________ _________ Payden & Rygel Actively Managed Bond Fund $ 52,725 $ 52,811 Brinson Trust Company, Inc. Mutual Fund - U.S. Bond Fund 21,612 22,021 Brinson Trust Company, Inc. Mutual Fund - U.S. Stock Fund 15,451 16,162 Brinson Trust Company, Inc. Mutual Fund - U.S. Equity Portfolio 154,357 161,068 Mellon Bank N.A. Mutual Fund - Index Performance Fund 27,815 28,633 * Computer Sciences Corporation Common Stock 210,665 214,684 Computer Sciences Corporation Employee Loan Fund 18,413 18,413 Payden & Rygel Short-Term U.S. Agencies Fund 1,304 1,304 Brinson Trust Company, Inc. U.S. Cash Management Fund 2,136 2,136 Mellon Bank N.A. Mellon Bank Temporary Investment Fund 328 328 * Bank of New York BNY Short-Term Money Market Fund 3,391 3,391 ________ ________ Total Assets Held for Investment Purposes $508,196 $520,951 ======== ======== * represents party in interest
1995 Form 5500 Item 27(d) Computer Sciences Corporation EIN 88-0276684 CSC Outsourcing Inc. CTUW Hourly Savings Plan SCHEDULE OF REPORTABLE TRANSACTIONS
(h) Current Value (i) (g) of Net (c) (d) Cost Asset on Gain (a)Identity of (b)Description Purchase Selling of Transaction or Party Involved of Asset Price Price Asset Date (Loss) ______________ ______________ ________ _______ _____ ___________ ______ Single Transactions in Excess of 5% Bank of BNY Short-Term New York Money Market Fund - Purchases $ 449 $ 449 $ 449 181 181 181 219 219 219 211 211 211 2,868 2,868 2,868 391 391 391 157 157 157 190 190 190 184 184 184 2,704 2,704 2,704 3 3 3 391 391 391 3 3 3 157 157 157 190 190 190 184 184 184 12 12 12 2,691 2,691 2,691 391 391 391 157 157 157 190 190 190 184 184 184 2,672 2,672 2,672 396 396 396 159 159 159 192 192 192 186 186 186 1,733 1,733 1,733 7 7 7 3 3 3 4 4 4
(h) Current Value (i) (g) of Net (c) (d) Cost Asset on Gain (a)Identity of (b)Description Purchase Selling of Transaction or Party Involved of Asset Price Price Asset Date (Loss) ______________ ______________ ________ _______ _____ ___________ ______ Bank of BNY Short-Term New York Money Market Fund - - Purchases $ 3 $ 3 $ 3 10 10 10 394 394 394 158 158 158 191 191 191 179 179 179 2,677 2,677 2,677 453,011 453,011 453,011 4,772 4,772 4,772 3,693 3,693 3,693 1,633 1,633 1,633 186,139 186,139 186,139 390 390 390 157 157 157 190 190 190 184 184 184 2,652 2,652 2,652 1,252 1,252 1,252 422 422 422 13 13 13 12 12 12 4 4 4 323 323 323 383 383 383 154 154 154 186 186 186 7 7 7 173 173 173 2,606 2,606 2,606 94 94 94 391 391 391 157 157 157 190 190 190 184 184 184 2,653 2,653 2,653 4 4 4 4 4 4 1,259 1,259 1,259 - Sales $ 5,531 5,531 5,531 5,416 5,416 5,416 1,672 1,672 1,672 954 954 954
(h) Current Value (i) (g) of Net (c) (d) Cost Asset on Gain (a)Identity of (b)Description Purchase Selling of Transaction or Party Involved of Asset Price Price Asset Date (Loss) ______________ ______________ ________ _______ _____ ___________ ______ Bank of BNY Short-Term New York Money Market Fund - Sales $ 2,703 $ 2,703 $ 2,703 402,815 402,815 402,815 53,000 53,000 53,000 1,599 1,599 1,599 188,835 188,835 188,835 5,904 5,904 5,904 5,060 5,060 5,060 1,995 1,995 1,995 94 94 94 167 167 167 198 198 198 184 184 184 2,912 2,912 2,912 1,200 1,200 1,200 2,057 2,057 2,057 Brinson Trust Company Inc. U.S. Bond Fund - Purchases $ 18,151 18,151 18,151 3,367 3,367 3,367 93 93 93 Brinson Trust Company Inc. U.S. Stock Fund - Purchases 13,201 13,201 13,201 2,221 2,221 2,221 29 29 29 Brinson Trust U.S. Equity Company Inc. Portfolio - Purchases 148,743 148,743 148,743 5,060 5,060 5,060 356 356 356 198 198 198 Brinson Trust U.S. Cash Company Inc. Management Fund - Purchases 1,650 1,650 1,650 3 3 3 316 316 316 167 167 167 Mellon Bank Mellon EB Stock N.A. Index Performance Fund - Purchases 874 874 874 2 2 2
(h) Current Value (i) (g) of Net (c) (d) Cost Asset on Gain (a)Identity of (b)Description Purchase Selling of Transaction or Party Involved of Asset Price Price Asset Date (Loss) ______________ ______________ ________ _______ _____ ___________ ______ Mellon Bank Mellon EB Stock N.A. Index Performance Fund - Purchases $ 24,760 $ 24,760 $ 24,760 94 94 94 2,015 2,015 2,015 70 70 70 Mellon Bank EB Temporary N.A. Investment Fund - Purchases 960 960 960 24,833 24,833 24,833 4 4 4 1,995 1,995 1,995 144 144 144 184 184 184 - Sales $ 874 874 874 24,760 24,760 24,760 2,015 2,015 2,015 144 144 144 Payden & Rygel Corporate & Investment Government Counsel Bonds - Purchases 9,184 9,184 9,184 5,270 5,270 5,270 - Sales 11,927 11,587 11,927 $340 2,295 2,270 2,295 24 Payden & Rygel Short-Term U.S. Investment Agencies Notes Counsel - Purchases 4,109 4,109 4,109 1,305 1,305 1,305 - Sales 5,232 5,173 5,232 60 Computer Computer Sciences Corp. Sciences Corp. Common Stocks - Purchases 6,375 6,375 6,375 5,531 5,531 5,531 1,672 1,672 1,672 2,703 2,703 2,703 188,835 188,835 188,835 2,912 2,912 2,912 2,637 2,637 2,637
1995 Form 5500 Item 27(d) Computer Sciences Corporation EIN 88-0276684 CSC Outsourcing Inc. CUTW Hourly Savings Plan SCHEDULE OF REPORTABLE TRANSACTIONS
(h) Current Value (i) (g) of Net (c) (d) Cost Asset on Gain (a)Identity of (b)Description Purchase Selling of Transaction or Party Involved of Asset Price Price Asset Date (Loss) ______________ ______________ ________ _______ _____ ___________ ______ Series Transactions in the Aggregate in Excess of 5% Bank of BNY Short-Term New York Money Market Fund - Purchases $684,363 $684,363 $684,363 - Sales $682,296 682,296 682,296 Brinson Trust U.S. Bond Fund Company Inc. - Purchases 21,612 21,612 21,612 Brinson Trust U.S. Stock Fund Company Inc. - Purchases 15,451 15,451 15,451 Brinson Trust U.S. Equity Company Inc. Portfolio - Purchases 154,357 154,357 154,357 Brinson Trust U.S. Cash Company Inc. Management Fund - Purchases 2,136 2,136 2,136 Mellon Bank Mellon EB Stock N.A. Index Performance Fund - Purchases 27,815 27,815 27,815 Mellon Bank EB Temporary N.A. Investment Fund - Purchases 28,121 28,121 28,121 - Sales 27,793 27,793 27,793 Payden & Rygel Corporate & Investment Government Counsel Bonds - Purchases 14,453 14,453 14,453 - Sales 14,221 13,857 14,221 $364 Payden & RygeL Short-Term U.S. Investment Agencies Notes Counsel - Purchases 5,414 5,414 5,414
(h) Current Value (i) (g) of Net (c) (d) Cost Asset on Gain (a)Identity of (b)Description Purchase Selling of Transaction or Party Involved of Asset Price Price Asset Date (Loss) ______________ ______________ ________ _______ _____ ___________ ______ Payden & Rygel Short-Term U.S. Investment Agencies Counsel Notes - Sales $ 5,232 $ 5,173 $ 5,232 $ 60 Computer Computer Sciences Corp. Sciences Corp. Common Stocks - Purchases $210,665 210,665 210,665
SIGNATURES The Plan. Pursuant to the requirements of the Securities Act of 1934, the Computer Sciences Corporation Retirement Committee has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized. CSC Outsourcing Inc. CUTW Hourly Savings Plan Date: February 6, 1996 By: /S/ Leon J. Level ____________________________ Leon J. Level Chairman, Computer Sciences Corporation Retirement Plans Committee -----END PRIVACY-ENHANCED MESSAGE-----