-----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, SLCatd5KrK8g5t5eDxZ4rmDKttkfKdUyEUc0KOLXQENoHyqbI9sKNzbJN3TqNEEG L5uQws3Xt7S+7jpxV2OTvg== 0000023082-06-000088.txt : 20060628 0000023082-06-000088.hdr.sgml : 20060628 20060628164247 ACCESSION NUMBER: 0000023082-06-000088 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051231 FILED AS OF DATE: 20060628 DATE AS OF CHANGE: 20060628 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: 06930463 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 csc11-k_062806.htm CSC 11-K DECEMBER 31, 2005 CSC 11-K December 31, 2005



 

 

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, 2005


[   ]  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: Computer Sciences Corporation Matched Asset 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

 



 

 

TABLE OF CONTENTS

Description

Page

 

 

(a)  Financial Statements:

 

 

 

       Report of Independent Registered Public Accounting Firm

1

 

 

       Statements of Net Assets Available for Benefits As of
       December 31, 2005 and 2004


2

 

 

       Statements of Changes in Net Assets Available for Benefits For
       For the Years Ended December 31, 2005 and 2004


3

 

 

        Notes to Financial Statements

4

 

 

(b)  Supplemental Schedule:

 

 

 

       Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of
       Year) as of December 31, 2005


S-1

 

 

        All other schedules required by Section 29 CFR 2520.103-10 of the
        Department of Labor's Rules and Regulations for Reporting and Disclosure
        under the Employee Retirement Income Security Act of 1974 have been
        omitted because they are not applicable.

 

 

 

(c)  Exhibit:

 

 

 

       Exhibit 23: Consent of Independent Registered Public Accounting Firm

E-1

 

 

i

 


 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of
Computer Sciences Corporation
El Segundo, California

We have audited the accompanying statements of net assets available for benefits of Computer Sciences Corporation Matched Asset Plan (the "Plan") as of December 31, 2005 and 2004, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentati on. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2005 and 2004, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2005, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is a 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. This schedule is the responsibility of the Plan's management. Such schedule has been subjected to the auditing procedures applied in our audit of the basic 2005 financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.


/s/Deloitte & Touche LLP

Los Angeles, California
June 28, 2006

1

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

                   December 31                   

         2005         

         2004         

ASSETS

 Participant-directed investments

$1,813,069,207

$1,782,466,112

 Nonparticipant-directed investments - CSC common stock


      563,174,327


      811,241,189

  Total Investments

2,376,243,534

2,593,707,301

Receivables:

    Accrued investment income

1,520,588

1,733,173

    Unsettled trade receivables

25,076,847

20,491,000

    Other

             259,370

               35,554

  Total Receivables

        26,856,805

        22,259,727

  Total Assets

   2,403,100,339

   2,615,967,028

LIABILITIES

 Accrued expenses

752,448

765,002

 Unsettled trade payables

24,600,330

20,917,593

 Other

                         -

             185,306

  Total Liabilities

        25,352,778

        21,867,901

NET ASSETS AVAILABLE FOR BENEFITS

$2,377,747,561
===========

$2,594,099,127
===========

 

 

 

 

 

See Notes to Financial Statements

2

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

STATEMENTS OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS

        Years Ended December 31       

         2005         

         2004         

INVESTMENT INCOME (NOTE 7):

  Net appreciation in fair value of investments

$       5,545,478

$   280,393,549

  Interest

18,489,290

15,887,322

  Dividends

          4,704,701

          9,645,097

    Net investment income

28,739,469

305,925,968

CONTRIBUTIONS:

  Participant

190,402,715

185,997,483

  Employer

34,378,649

37,013,362

  Employee rollovers

        10,386,616

        10,363,366

    Total Contributions

235,167,980

233,374,211

DEDUCTIONS:

  Distributions to participants

213,259,368

209,363,056

  Administrative expenses

          1,717,288

          2,508,615

    Total Deductions

      214,976,656

      211,871,671

INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS BEFORE PLAN TRANSFERS

48,930,793

327,428,508

NET TRANSFERS (TO) FROM OTHER PLANS (NOTE 9)

(265,282,359)

633,779,855

NET ASSETS AVAILABLE FOR BENEFITS:

  Beginning of year

   2,594,099,127

   1,632,890,764

  End of year

$2,377,747,561
===========

$2,594,099,127
===========

 

 

 

 

 

 

See Notes to Financial Statements

3

 


COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

Note 1     Description of the Plan


The following brief description of the Computer Sciences Corporation Matched Asset Plan (the "Plan") is provided for general information purposes only. Participants should refer to the Plan document for more complete information.

The Plan is a defined contribution plan adopted by the action of the Board of Directors of Computer Sciences Corporation (the "Company") taken on November 3, 1986, and constitutes an amendment and restatement of the Employee Stock Purchase Plan ("the Prior Plan").

The Plan is a continuation of the Prior Plan and is qualified under the Internal Revenue Code (the "Code"), as amended, Section 401(a) and, effective as of January 1, 1987, with respect to the portion thereof that qualifies as a qualified cash or deferred arrangement, to satisfy the requirement of Code Section 401(k). It is also subject to the provisions of the Employee Retirement Income Security Act of 1974 as amended ("ERISA").

The Plan is administered by the CSC Retirement and Employee Benefits Plans Committee (the "Committee"), which consists of five members who are appointed by the Board of Directors of the Company and serve without compensation and are 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.

Plan Termination - Although it has not expressed any intent to do so, the Company reserves the right, under the Plan, to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, the participants' rights to the Company's contributions vest immediately.

Interest in the CSC Sponsored Trust ("CSC Trust")

The Plan's investments are in a trust sponsored by the Company. Currently, certain participating plans are not part of the same control group as the Company, and the trust is not considered a master trust. The assets of the CSC Trust are held by The Bank of New York (the "Trustee"). At December 31, 2005 and 2004, the Plan's interest in the assets of the CSC Trust was approximately 58.9% and 64.2%, respectively. Investment income and administrative expenses relating to each discretionary or directed fund within the CSC Trust are allocated to the individual plans based upon average monthly balances invested by each plan in each discretionary or directed fund.

4

 


 

 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

The following participating retirement plans have a divided interest in the CSC Trust: Computer Sciences Corporation Matched Asset Plan and CSR's Range Employees Pension Plan. The following participating retirement plans have an undivided interest in the CSC Trust: Computer Sciences Corporation Employee Pension Plan, CSC Outsourcing Inc. Hourly Pension Plan, CSC Outsourcing Inc. CUTW Hourly Pension Plan, CSC/Hughes Retirement Plan, Computer Sciences Corporation Cash Balance Plan, CSC/E-Systems Pension Plan, CSC Pension Equity Plan, Eagle Alliance Employee Pension Plan, and the DynCorp Information Systems LLC Union Pension Plan. The following plans are not in the same control group as the Company: CSR's Range Employees Pension Plan and Eagle Alliance Employee Pension Plan.

Eligibility and Participation

Any eligible employee who has satisfied the Plan's age requirement, and is employed by the Company, and who receives a stated compensation in respect of employment on the payroll of the Company, is eligible to become a participant, with the exception of a person who is represented by a collective bargaining unit and whose benefits have been the subject of good faith bargaining under a contract that does not specify that such person is eligible to participate in the Plan. In addition, the Company may determine to exempt all employees of any division, unit, facility or class from coverage under the Plan. Any person who leaves the employ of the Company and, at a later time becomes re-employed, must reapply to participate in the Plan, provided he or she otherwise meets the eligibility requirements.

Employee and Company Contributions

An eligible employee who elects to become a participant may authorize any whole percentage (at least 1% but not more than 50%) of their compensation (as defined in the Plan) to be deferred and contributed to the trust fund on his or her behalf, subject to certain Code limitations. Any compensation deferral in excess of applicable Code limitations, together with income allocable to that excess, 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. Effective January 1, 2002, under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), the Plan permits participants age 50 and over, to make additional "catch-up" contributions in excess of the statutory limit. The catch-up provision provided these participants the opportunity to contribute an additional $4,000 and $3,000 on a pre-tax basis in 2005 and 2004, re spectively (increasing to $5,000 in 2006, with inflation adjustments after that).

 

 

 

5

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004


A participant is not permitted to make voluntary after-tax contributions to the Plan, unless the participant is part of a collective bargaining unit for which after-tax contributions have been negotiated.

The Company will contribute an amount equal to 50% of the first 3% of the participant's compensation deferral, except for eight groups of employees for whom, under the terms of their contract agreements, the Company will contribute amounts based on the following rates:

Group 1 - 50% of the first 4% of the participant's compensation deferral;
Group 2 - 100% of the first 7% of the participant's compensation deferral;
Group 3 - 100% of the first 5% of the participant's compensation deferral;
Group 4 - 100% of the first 10% of the participant's compensation deferral;
Group 5 - 50% of the first 6% of the participant's compensation deferral;
Group 6 - 75% of the first 4% of the participant's compensation deferral;

Group 7 - 50% of the first 8% of the participant's compensation deferral and discretionary employer contribution of at least 1% of participant compensation; and
Group 8 - 50% of the first 8% of the participant's compensation deferral and discretionary employer contribution of at least 2% of participant compensation.

Matching contributions will be invested in the Company Stock Fund, which invests in the common stock of the Company except for employees of CSC Credit Services, Inc., Mississippi Space Services, Eagle Alliance, and Computer Sciences Raytheon whose matching contributions are not required to be invested in the Company Stock Fund, and may be invested in any available fund selected by the employee.

Participant Accounts

Individual accounts are maintained for each Plan participant. Each participant's account is credited with the participant's contribution, the Company's matching contribution and allocations of Plan investment returns, and is charged with withdrawal and an allocation of investment management fees. Allocations are based on participant earnings or account balances, as defined by the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

Investments

Participants direct the investment of their contributions into various investment options offered by the Plan. Certain Company contributions are automatically invested in CSC common stock. The Plan currently offers the following fifteen investment options: Money Market Fund, Short

6

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

Duration Bond Fund, Core Bond Fund, Government TIPS Bond Fund, High Yield Bond Fund, Balanced 40/60 Fund, Balanced 60/40 Fund, Balanced 80/20 Fund, Active Allocation Fund, S&P 500 Index Fund, S&P 500 Select Fund, Active U.S. Equity Fund, U.S. Equity Completion Fund, International Equity Fund, and CSC Stock Fund. The DynCorp Frozen Stable Value Fund is frozen to new participants and to new contributions. These investment options are made up of various investments as determined by the investment manager.

The investment return in the respective funds is allocated to a participant based on his or her account balance.

Vesting of Participants' Interests/Forfeitures


Participants are vested immediately in his or her contributions plus actual earnings thereon.

Vesting in his or her Matching Contribution Account is equal to twenty-five percent (25%) after completing two full years of service and increasing by twenty-five percent (25%) for each additional full year of service. Vesting accelerates to 100% in the event of reaching age 65 while employed by the Company or upon severance by reason of death or total and permanent disability.

Any nonvested portion of the Matching Contributions Account will be forfeited upon withdrawal from the Plan. Forfeitures may be applied to reduce future matching contributions by the Company. Such forfeitures during 2005 and 2004 amounted to $1,641,650 and $2,209,996, respectively. The Plan had a forfeiture balance of $322,171 and $0 at December 31, 2005 and 2004, respectively. During the years ended December 31, 2005 and 2004, employer contributions were reduced by $1,319,479 and $2,336,163, respectively.

Distributable Amounts, Withdrawals and Refunds

A participant may become entitled to his or her distributable benefit by reason of retirement, death, total and permanent disability, voluntary termination of employment or dismissal. The rules of payment of a participant's distributable benefit depend upon age of the participant, the number of years of service completed by the participant and the type of severance.

While still an employee, a participant may, upon at least a 30 day written notice to the Committee, make a withdrawal of his or her compensation deferral 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.

 

7

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004


Note 2     Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Plan management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Risks and Uncertainties

The Plan utilizes various investment instruments, including mutual funds, separate and commingled funds, Company stock, investment contracts, and certain derivative instruments. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the financial statements.


The Plan invests in securities of foreign companies, which involves special risks and considerations not typically associated with investing in U.S. companies. These risks include devaluation of currencies, less reliable information about issuers, different securities transaction clearance and settlement practices, and possible adverse political and economic developments. Moreover, securities of many foreign companies and their markets may be less liquid and their prices more volatile than those securities of comparable U.S. companies.

 

 

 

 

 

 

8

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004


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.

Valuation of Investment Securities

Investments in common stocks, corporate and government fixed income securities and registered investment companies are stated at fair value based upon closing sales prices reported on recognized securities exchanges on the last business day of the plan year or, for the listed securities having no sales reported and for unlisted securities, upon last reported bid prices on that date. Investments in commingled funds are stated at estimated fair values, which have been determined based on the unit values of the funds. Unit values are determined by the financial institution sponsoring such funds by dividing the fund's net assets at fair value by its units outstanding at the valuation dates. Investments in money market funds and certificate of deposits are stated at cost which approximates fair value. Derivatives are valued at fair value (see Note 11). Participant loans are valued at outstanding loan balances, which approximate fair value.


Payment of Benefits

Benefits are recorded when paid. Amounts allocated to accounts of persons who have elected to withdraw from the Plan but have not yet been paid were $4,227,637 and $5,945,543 at December 31, 2005 and 2004, respectively.

Note 3     Tax Status

The Internal Revenue Service has determined and informed the Company by a letter dated May 13, 2003, that the Plan and related trust are designed in accordance with applicable sections of the Code.

The Committee believes that the Plan is designed and operated to qualify under applicable provisions of the Code. As such, no provision for income taxes has been included in the Plan's financial statements.

 

 

 

 

 

9

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

Note 4     Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:

                   December 31                  

         2005         

         2004         

Net assets available for benefits per the financial statements

$ 2,377,747,561

 

$ 2,594,099,127

Amounts allocated to withdrawing participants

         (4,227,637)

 

         (5,945,543)

Net assets available for benefits per Form 5500

$ 2,373,519,924
============

 

$ 2,588,153,584
============

The following is a reconciliation of distributions to participants per the financial statements to the Form 5500:

           Year Ended December 31         

          2005          

          2004          

Distributions to participants per the financial statements

$    213,259,368

$     209,363,056

Add: Amounts allocated to withdrawing participants at end of year

4,227,637

            5,945,543

Less: Amounts allocated to withdrawing participants at start of year

        (5,945,543)

       (11,298,739)

Distributions to participants per the Form 5500

$    211,541,462
============

$     204,009,860
============

Amounts allocated to withdrawing participants are recorded as distributions on the Form 5500 for benefit claims that have been processed and approved for payment prior to year end but not paid as of that date.

Note 5     Investment Funds

Participant contributions - Subject to rules the Committee may from time to time adopt, each participant has the right to designate one or more funds established by the Committee for the investment of his or her compensation deferral contributions, in increments of 1%. After an initial election has been made, a participant may designate a different fund or funds into which future compensation deferral contributions shall be invested as of the next possible paycheck once per a calendar month. In addition, a participant may elect to redesignate any amounts in his or her accounts as of the current or next business day of any month (depending on when the election is made) to be invested in a different fund. These elections may be made by giving such advance notice as may be required by the Plan administrator.

10

 

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

The following table represents the individual investments that exceeded 5% of the Plan's net assets available for benefits, as of December 31:

                   December 31                   

Description of Issue

         2005         

         2004         

SSGA Short Term Investment Fund

$   165,843,464

$   172,263,178

Commingled Funds:

  Mellon Bank Daily Liquidity Stock Index Fund

502,338,292

511,832,122

  Frank Russell Equity #1 Fund

161,824,086

144,607,897

  Mellon Bank EB Daily Liquidity Enhanced   Asset Allocation Fund


129,886,837


**

  Mellon Bank EB Daily Market Completion Fund

225,227,193

213,653,768

CSC common stock

563,174,327

*

811,241,189

*    A portion of this investment is nonparticipant-directed.

**  Investments did not exceed 5% of net assets available for benefits at fiscal year end.

Note 6     Participant Loans


The Plan allows participants to borrow from their vested account balances from a minimum of $1,000 to a maximum of 50% of their vested account balances up to $50,000, subject to certain limitations. The loans are secured by the balance in the participant account and bear interest at the prime rate quoted in the Wall Street Journal plus 1%. Loan terms range from 1-5 years or up to 15 years for purchase of a primary residence. Loans are recorded at outstanding loan balances, which approximate fair value, on the statements of net assets available for benefits.

Loan amounts are taken from the participants' accounts according to a priority specified in the Plan's loan rules and, within each account, prorated from the funds based on their balances at the time. Loan principal repayments go back into the participants' accounts in the reverse order of the priority specified in the Plan's loan rules. Interest payments are prorated to the participants' accounts based on each account's outstanding principal. Both loan principal and interest repayments are invested according to the participant's current investment fund election for contributions (except for company match). Principal and interest are paid ratably through payroll deductions.

 

 

 

11

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

Note 7     Investments in CSC Trust


The following table presents investments in the CSC Trust at fair value.

                  December 31                 

          2005         

          2004           

Investments at Fair Value as Determined by

  Quoted Market Price

Cash (Overdraft)

$               2,471

$             (27,316)

Other short-term investment fund

29,360,027

29,126,982

Money market fund

165,843,464

172,263,178

Bonds and debentures

452,058,782

421,198,741

CSC common stock

563,174,327

812,106,525

International equity portfolio

269,687,495

216,604,301

Registered investment company

         35,422,793

           34,076,119

1,515,549,359

1,685,348,530

Investment at Estimated Fair Value

Interest in commingled funds

2,467,537,383

2,301,009,897

Geewax Terker Hedge fund

15,268,464

14,559,374

Guaranteed investment contracts

-

185,352

Financial futures

                  6,500

                            -

2,482,812,347

2,315,754,623

Investment at Cost, Which Approximates Fair Value

Employee loans

         33,413,167

           41,394,081

Total CSC Trust

$ 4,031,774,873
============

$ 4,042,497,234
=============

Plan's Interest in CSC Trust

$ 2,376,243,534
============

$ 2,593,707,301
=============

 

 

 

12

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

The investment income (loss) of the CSC Trust is summarized as follows:

       Year Ended December 31      

         2005        

         2004        

Bonds and debentures

$   (8,700,719)

$   (2,631,334)

CSC Stock Fund

(67,421,749)

177,373,848

International equity portfolios

26,809,513

35,974,698

Registered investment company

(1,454,666)

333,912

Commingled funds

     133,685,004

     204,928,247

Net appreciation in fair value of investments

82,917,383

415,979,371

Dividends

13,807,474

27,568,838

Interest

       26,468,180

       24,797,058

CSC Trust Investment Income

$ 123,193,037
===========

$ 468,345,267
===========

Plan's Interest in the CSC Trust Investment Income

$   28,739,469
===========

$ 305,925,968
===========

Note 8     Related-Party Transactions

Certain short-term investment funds are managed by The Bank of New York. The Bank of New York is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions. The fees associated with these funds were paid by the Company and amounted to $1,500 a year for the years ended December 31, 2005 and 2004. In addition, The Bank of New York became the fund manager of the International Equity Fund in 2004. As the fund manager, The Bank of New York was paid $84,999 and $32,522 by the Plan in fees associated with this fund for the year ended December 31, 2005 and 2004, respectively.

At December 31, 2005 and 2004, the Plan held 11,121,136 and 14,391,364 shares, respectively, of common stock of the Computer Sciences Corporation, the sponsoring employer, with a cost basis of $585,730,828 and $753,479,432, respectively.

Note 9     Mergers and Spin-off

On January 5, 2005 the CSC Outsourcing Inc. Hourly Savings Plan and the CSC Outsourcing Inc. CUTW Hourly Savings Plan ("the Hourly Plans") merged into the Plan. The participants' investment account balances of the Hourly Plans were transferred into the Plan. As a result of the merger, participants of the Hourly Plans can participate in the Plan, effective January 5, 2005.

13

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

The management of the Company believes that these mergers were tax-exempt transactions under the applicable provisions of the Code and, therefore, not subject to federal income taxes.

Effective January 6, 2005, the DynCorp International LLC Matched Asset Plan was spun-off from the Plan. The spin-off was agreed to as part of the sale of DynCorp International LLC. Participant assets were transferred to the spun-off plan in January 2005. The management of the Company believes that this spin-off was a tax-exempt transaction under the applicable provisions of the Code and, therefore, not subject to federal income taxes.


On July 1, 2004, the DynCorp Capital Accumulation Retirement Plan ("CAP") and DynCorp Savings and Retirement Plan ("SARP") were merged with the Plan and the net assets of CAP and SARP were transferred to the Plan in 2004. The management of the Company believes that these mergers were tax-exempt transactions under the applicable provisions of the Code and, therefore, not subject to federal income taxes.

Note 10     Nonparticipant-Directed Investments

All employer contributions are invested in CSC common stock in the CSC Stock Fund, except for certain defined group of employees, and they cannot be transferred into another investment fund. However, special diversification rights apply upon reaching age 55 with 5 years of service, or at age 59-1/2 regardless of years of service. Employer contributions, which are in the CSC Stock Fund, may be allocated to any of the other investment funds. The participant-directed portion of the CSC Stock Fund, consisting of employee contributions and balances subject to special diversification rights, is undetermined.

Information about the net assets and the significant components of the changes in net assets relating to the CSC Stock Fund is as follows as of December 31:

 

 

          2005          

 

          2004          

Net assets:

 

 

 

 

CSC common stock

$   563,174,327

 

$   811,241,189

 

Short-term investments

4,588,686

 

4,122,993

 

Accrued income

16,157

 

6,947

 

Net unsettled trades payable

            (680,581)

 

              (79,449)

 

  CSC Stock Fund

$   567,098,589

 

$   815,291,680

 

 

 

14

 


 

COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

 

 

           2005         

 

          2004          

Changes in net assets:

 

 

 

 

Net (depreciation) appreciation in fair value of investments

(68,203,132)

 

160,910,766

 

Interest income

928,210

 

712,811

 

Employer contributions

31,478,944

 

33,695,321

 

Participant contributions

17,264,336

 

21,913,940

 

Participant rollovers

693,209

 

718,761

 

Transfers to participant-directed investments

(30,570,785)

 

(36,305,884)

 

Plan to plan transfers

(150,356,823)

 

344,115,360

 

Benefits paid to participants

(49,379,973)

 

(76,622,379)

 

Administrative fees

              (47,077)

 

              (71,771)

 

Net Change

(248,193,091)

 

449,066,925

CSC Stock Fund -- beginning of the year

        815,291,680

 

        366,224,755

CSC Stock Fund -- end of the year

$   567,098,589
============

 

$   815,291,680
============


Note 11     Derivative Financial Instruments

In the Plan's separate accounts, one fixed income investment manager is permitted to use certain specified types of derivative instruments as part of its strategy. This strategy includes the use of futures and options as substitutes for certain types of fixed income securities. In 2004, one international fund equity manager used derivative instruments to hedge the currency risk component of the Plan's foreign investments. Currency hedge positions in aggregate were not permitted to exceed the level of exposure in the Plan's related assets. Since late 2004, the Plan does not hedge currency risk as a result of a change in international fund manager. Leveraging of the Plan's assets and speculation are prohibited.

Foreign Currency Exchange Contracts


During 2004, the Plan entered into forward contracts to purchase and sell foreign currencies in the normal course of its investing activities to manage the currency exposure associated with the Plan's foreign equity investments. The terms of these contracts generally did not exceed one year. The credit risk associated with these contracts was minimal as they were entered into with a limited number of highly rated counterparties.

The fair values associated with the foreign currency contracts have been estimated by valuing the position of the contracts using the applicable spot rates and forward rates as of the reporting date. Changes in fair values were accounted for as net appreciation (depreciation) in fair value of investments. The Plan had no foreign currency forward contracts at December 31, 2005 and 2004.

15

 


COMPUTER SCIENCES CORPORATION
MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004

Futures Contracts

The Plan enters into futures contracts in the normal course of its investing activities to manage market risk associated with the Plan's fixed income investments and to achieve overall investment portfolio objectives. These contracts involve elements of market risk in excess of amounts recognized in the statements of net assets available for benefits. The credit risk associated with these contracts is minimal as they are traded on organized exchanges and settled daily.

During 2005 and 2004, the Plan was a party to futures contracts held for trading purposes for U.S. Treasury securities. Upon entering into a futures contract, the Plan is required to deposit either in cash or securities an amount ("initial margin") equal to a certain percentage of the nominal value of the contract. Subsequent payments are then made or received by the Plan, depending on the daily fluctuations in the value of the underlying contracts.

At December 31, 2005, the Plan had futures contracts to buy and sell U.S. Treasury Notes contracts with notional amounts of $82,800,000 and $19,100,000, respectively; to buy U.S Treasury Bond contracts with notional amounts of $900,000; and to buy and sell Eurodollar contracts with notional amounts of $18,000,000 and $3,000,000, respectively. At December 31, 2004, the Plan had futures contracts to buy and sell U.S. Treasury Bonds contracts with notional amounts of $700,000 and $6,900,000, respectively. Notional amounts do not quantify risk or represent assets or liabilities of the Plan, but are used in the calculation of cash settlements under the contracts.

The fair value of futures contracts in the statement of net assets available for benefits is zero at December 31, 2005 and 2004, as settlements are made by cash daily. Changes in fair values are accounted for as net appreciation (depreciation) in fair value of investments.

At December 31, 2005, the fair market value of other financial futures is immaterial.

 

16

 


 

SIGNATURES

 

The Plan. Pursuant to the requirements of the Securities Act of 1934, the Computer Sciences Corporation Retirement and Employee Benefits Plans Committee has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.

                                                               Computer Sciences Corporation
                                                               MATCHED ASSET PLAN



Date: June 28, 2006                               By:    /s/Leon J. Level                                      
                                                                       Leon J. Level
                                                                       Chairman,
                                                                       Computer Sciences Corporation
                                                                       Retirement and Employee Benefits Plans Committee

 

 

17

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

State Street Global Advisor

Short-term Investment Fund

$  165,843,464

*

The Bank of New York

Collective Short Term Invest Fd

13,208,126

HSBC Bank USA Instl

Certificate of Deposit

394,166

Deutsche Bank AG

Certificate of Deposit

            175,000

Total Short-Term Investments

13,777,292

Euro

Foreign Currency

576

*

Computer Sciences Corporation

Common Stock (11,121,136 shares)

$585,730,828

563,174,327

*

Various participants

Participant loans (maturing 2006 to 2021 at interest rates of 3.75% to 11.11%)

33,413,167

Mellon Bank, N.A.

Commingled Fund - Mellon EB Daily Liquidity Aggregate Bond Index Fd

88,654,753


Mellon Bank, N.A.

Commingled Fund - Daily Liquidity Stock Index Fund


502,338,292

Mellon Bank, N.A.

Commingled Fund - EB Daily Liquidity Enhanced Asset Allocation

129,886,837

State Street Global Advisor

Commingled Fund - SSGA Index Plus Secs Lending Ser A Fund

73,987,994

Mellon Bank, N.A.

Commingled Fund - Mellon EB Daily Market Completion Fund

225,227,193

Frank Russell

Commingled Fund - Frank Russell Equity #1 Fund

161,824,086

State Street Global Advisor

Commingled Fund - SSGA Gov't TIPS Bond Fund

37,387,437

T.Rowe Price

Commingled Fund - Frozen Stable Value Fund

       17,140,646

Total Interest in Commingled Funds

1,236,447,238

Vanguard Group

Mutual Fund - Vanguard High Yield Corp Bond fund

35,422,793

American Home Mtg Assets Tr

Corporate Bond

5.229%

11/25/35

1,670,719

Adjustable Rate Mtg Tr

Corporate Bond

5.229%

12/25/35

1,078,019

Asif Global Financing Xxiii Nt

Corporate Bond

3.900%

10/22/08

194,592

Banc One Corp

Corporate Bond

2.625%

06/30/08

161,087

Bank One Corp

Corporate Bond

6.000%

08/01/08

266,804

Bank One Issuance Tr V/R

Corporate Bond

4.228%

10/15/08

1,200,089

Bank One Issuance Tr V/R

Corporate Bond

5.172%

12/15/10

1,277,938

Bayerische Landesbank

Corporate Bond

2.500%

04/28/06

1,018,040

Bear Stearns Arm Tr

Corporate Bond

3.224%

10/25/34

1,052,896

Bear Stearns Alt-A Tr

Corporate Bond

5.329%

11/25/34

1,049,117

Bmw Vehicle Owner Tr

Corporate Bond

4.040%

02/25/09

1,164,327

CWABS Inc

Corporate Bond

5.079%

08/25/35

1,332,984

CWABS Inc

Corporate Bond

4.420%

01/25/36

1,053,990

S-1

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Capital Auto Receivables Asset

Corporate Bond

3.580%

10/16/06

100,621

Capital Auto Receivables Asset

Corporate Bond

3.350%

02/15/08

1,456,179

Capital Auto Receivables Asset

Corporate Bond

4.050%

07/15/09

1,038,446

Chase Coml Mtg Secs Corp

Corporate Bond

7.757%

04/15/32

911,380

Chase Issuance Tr

Corporate Bond

3.220%

06/15/10

1,070,399

Chase Manhattan Auto Owner Tr

Corporate Bond

2.080%

05/15/08

1,102,094

Citibank Cr Card Issuance Tr

Corporate Bond

5.650%

06/16/08

1,279,769

Citibank Cr Card Issuance Tr

Corporate Bond

2.550%

01/20/09

1,367,342

Citibank Cr Card Issuance Tr

Corporate Bond

2.700%

01/15/08

1,124,125

Citibank Cr Card Issuance Tr

Corporate Bond

3.200%

08/24/09

1,290,848

Comm 2000-C1

Corporate Bond

7.416%

04/15/10

913,975

Commercial Mtg Accep Corp Coml

Corporate Bond

6.030%

09/15/30

784,011

Cwalt Inc

Corporate Bond

5.500%

07/25/35

777,926

Daimlerchrysler Auto Tr

Corporate Bond

3.090%

01/08/08

1,256,189

Daimlerchrysler Auto Tr

Corporate Bond

2.980%

08/08/08

1,182,374

Encore Cr Receivables Tr

Corporate Bond

5.059%

02/01/36

855,184

Federal Natl Mtg Assn Gtd

Corporate Bond

5.750%

08/25/34

1,275,280

Fieldstone Mtg Invt Corp

Corporate Bond

5.079%

02/25/36

999,994

Ford Cr Auto Owner Tr

Corporate Bond

3.480%

11/17/08

1,456,355

Ford Cr Auto Owner Tr

Corporate Bond

3.080%

07/15/07

489,272

Ford Cr Auto Owner Tr

Corporate Bond

4.240%

03/15/08

1,145,279

General Elec Cap Corp M/T/N

Corporate Bond

9.830%

12/15/08

200,142

General Elec Cap Corp M/T/N

Corporate Bond

3.450%

07/16/07

882,774

General Elec Cap Corp M/T/N

Corporate Bond

3.600%

10/15/08

798,592

General Elec Cap Corp M/T/N

Corporate Bond

3.450%

01/15/08

2,159,210

Gmac Coml Mtg Sec Inc

Corporate Bond

03/15/33

914,039

Gmac Coml Mtg Secs Inc

Corporate Bond

7.179%

08/15/36

704,043

Golden West Finl Corp Del

Corporate Bond

4.125%

08/15/07

143,509

Greenwich Cap Coml Fdg Corp

Corporate Bond

4.112%

01/11/17

873,958

Gs Mtg Secs Corp Ii

Corporate Bond

6.135%

10/18/30

1,057,661

Gs Mtg Secs Corp Ii V/R

Corporate Bond

1.114%

01/10/40

539,975

Gs Mtg Secs Corp

Corporate Bond

3.691%

08/25/34

1,331,654

Harborview Mtg Ln Tr

Corporate Bond

4.922%

11/19/35

1,382,626

Honda Auto Receivables Owner Trust

Corporate Bond

4.460%

05/21/09

967,875

Honda Auto Receivables 2003-5

Corporate Bond

2.300%

10/18/07

748,474

Honda Auto Receivables 2004-2

Corporate Bond

2.520%

02/15/07

246,883

Honda Auto Receivables 2004-2

Corporate Bond

3.300%

06/16/08

1,389,954

S-2

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Honda Auto Receivables 2004-3

Corporate Bond

2.910%

10/20/08

1,225,497

Honda Auto Receivables 2005-1

Corporate Bond

3.530%

10/21/08

1,208,261

Household Finance Corp

Corporate Bond

4.125%

12/15/08

341,761

Ifc Sbap 97-1A V/R

Corporate Bond

01/15/24

310,028

Impac Secd Assets Corp

Corporate Bond

5.079%

03/25/36

1,416,345

Lb-Ubs Coml Mtg Tr

Corporate Bond

1.358%

04/15/37

494,920

Luminent Mtg Tr

Corporate Bond

5.219%

11/25/35

1,548,959

Mbna Cr Card Master Nt Tr

Corporate Bond

2.650%

11/15/10

1,568,931

Mbna Master Cr Card Tr Ii V/R

Corporate Bond

5.247%

12/15/08

2,322,442

Merck & Co Inc

Corporate Bond

5.250%

07/01/06

125,165

Metropolitan Life Global Fdg I

Corporate Bond

2.600%

06/19/08

282,879

Morgan Stanley Abs Cap I Inc

Corporate Bond

5.059%

09/25/35

1,029,075

Morgan Stanley Cap I Inc

Corporate Bond

6.530%

03/15/31

1,400,367

Nationslink Fdg Corp

Corporate Bond

6.316%

01/20/31

890,697

New Centy Home Equity Ln Tr

Corporate Bond

5.039%

01/25/36

1,110,519

Nissan Auto Receivables 2003-C

Corporate Bond

2.700%

12/17/07

1,336,136

Nissan Auto Receivables 2004-A

Corporate Bond

2.010%

11/15/07

1,047,989

Option One Mtg Ln Tr

Corporate Bond

5.059%

11/25/35

1,223,774

Ownit Mtg Ln Tr

Corporate Bond

5.079%

08/25/36

1,203,270

Peoples Choice Home Ln Secs Tr

Corporate Bond

5.079%

08/25/35

985,628

Residential Accredit Lns Inc

Corporate Bond

6.000%

12/25/16

76,700

Residential Fdg Mtg Secs I Inc

Corporate Bond

5.500%

09/25/33

833,750

Residential Asset Mtg Prods

Corporate Bond

5.069%

05/25/35

923,024

Residential Asset Mtg Prods

Corporate Bond

08/27/07

1,320,390

Slm Student Ln Tr

Corporate Bond

3.920%

01/25/18

1,137,736

Specialty Underwriting &

Corporate Bond

5.079%

06/25/36

1,197,414

Structured Asset Secs Corp

Corporate Bond

6.840%

10/12/34

43,742

Structured Asset Secs Corp

Corporate Bond

4.920%

03/25/34

891,367

Structured Adj Rate Mtg Ln Tr

Corporate Bond

5.259%

09/25/34

508,982

Structured Asset Invt Ln Tr

Corporate Bond

5.049%

12/27/35

1,342,984

Tms Sba Ln Tr

Corporate Bond

7.520%

01/15/25

131,981

Tms Sba Ln Tr

Corporate Bond

3.610%

04/15/24

208,914

Usaa Auto Ownwe Tr

Corporate Bond

3.900%

07/15/09

716,692

Usaa Auto Owner Tr

Corporate Bond

2.060%

04/15/08

826,465

Usaa Owner Trust 2005-1 A2

Corporate Bond

3.550%

09/17/07

636,550

U S Bk Natl Assn Minneapolis

Corporate Bond

6.300%

07/15/08

279,609

Verizon Global Fdg Corp

Corporate Bond

6.125%

06/15/07

406,796

S-3

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Vodafone Group Plc New

Corporate Bond

3.950%

01/30/08

108,076

Virginia Elec & Pwr Co

Corporate Bond

5.750%

03/31/06

466,051

Wachovia Corp 2Nd New

Corporate Bond

3.500%

08/15/08

241,570

Washington Mut Asset Secs Corp

Corporate Bond

4.240%

05/25/36

931,971

Washington Mut Mtg Secs Corp

Corporate Bond

6.192%

11/25/30

216,097

Washington Mut Mtg Secs Corp

Corporate Bond

6.250%

02/25/32

121,995

Wells Fargo & Co New

Corporate Bond

4.125%

03/10/08

2,068,458

Tms Sba Ln Tr V/R

Corporate Bond

8.000%

01/15/25

192,821

Us Central Credit Union

Corporate Bond

2.750%

05/30/08

276,538

American Express Cr Account

Corporate Bond

5.098%

02/15/13

650,125

Aol Time Warner Inc

Corporate Bond

7.625%

04/15/31

11,137

Asif Global Financing Xxiii Nt

Corporate Bond

3.900%

10/22/08

97,296

At&T Broadband Corp

Corporate Bond

8.375%

03/15/13

109,961

Avalonbay Cmntys Inc M/T/N

Corporate Bond

4.950%

03/15/13

63,623

Banc One Corp

Corporate Bond

2.625%

06/30/08

80,543

Banc Amer Coml Mtg Inc

Corporate Bond

6.503%

04/15/36

474,787

Banc Amer Coml Mtg Inc

Corporate Bond

6.186%

06/11/35

468,293

Banc Amer Alternative Ln Tr

Corporate Bond

5.000%

07/25/19

232,045

Banc Amer Alternative Ln Tr

Corporate Bond

5.000%

06/25/19

218,588

Banc Amer Coml Mtg Inc

Corporate Bond

4.512%

12/10/42

426,031

Bankamerica Corp

Corporate Bond

6.250%

04/01/08

51,405

Bank New York Inc

Corporate Bond

3.750%

02/15/08

97,705

Berkshire Hathaway Fin Corp

Corporate Bond

3.375%

10/15/08

120,441

Berkshire Hathaway Fin Corp

Corporate Bond

3.400%

07/02/07

112,548

Berkshire Hathaway Fin Corp

Corporate Bond

4.125%

01/15/10

53,445

Bristol-Meyer Squibb

Corporate Bond

6.875%

08/01/97

56,786

Bskyb Fin U K Plc

Corporate Bond

6.500%

10/15/35

39,859

Canadian Pac Ry Co New

Corporate Bond

6.250%

10/15/11

79,663

Canadian Pac Ry Co New

Corporate Bond

5.750%

03/15/33

103,699

Capital Auto Receivables Asset

Corporate Bond

2.920%

04/15/08

393,601

Chase Coml Mtg Secs Corp

Corporate Bond

7.198%

01/15/32

267,869

Chase Issuance Tr

Corporate Bond

3.220%

06/15/10

632,509

Chrysler Corp

Corporate Bond

7.450%

03/01/27

27,131

Citigroup Inc

Corporate Bond

6.200%

03/15/09

51,863

Citibank Cr Card Issuance Tr

Corporate Bond

2.550%

01/20/09

732,505

Citigroup Inc

Corporate Bond

3.500%

02/01/08

267,729

Citigroup Inc

Corporate Bond

4.625%

08/03/10

49,308

Citibank Cr Card Issuance Tr

Corporate Bond

2.900%

05/17/10

478,679

S-4

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Citigroup Inc

Corporate Bond

5.850%

12/11/34

52,072

Citigroup Inc

Corporate Bond

4.125%

02/22/10

291,450

Citigroup Inc

Corporate Bond

3.625%

02/09/09

385,100

Citibank Cr Card Issuance Tr

Corporate Bond

3.200%

08/24/09

803,736

Comcast Corp New

Corporate Bond

7.050%

03/15/33

107,958

Comcast Corp New

Corporate Bond

6.500%

11/15/35

127,383

Commercial Mtg Accep Corp Coml

Corporate Bond

6.030%

09/15/30

441,006

Consolidated Nat Gas Co

Corporate Bond

5.000%

03/01/14

24,433

Credit Suisse First Boston Mtg

Corporate Bond

6.300%

11/11/30

340,392

Credit Suisse First Boston Mtg

Corporate Bond

4.832%

04/15/37

390,090

Cwabs Inc

Corporate Bond

5.119%

02/25/36

649,271

Daimlerchrysler North Amer

Corporate Bond

4.050%

06/04/08

48,675

Depfa Acs Bk

Corporate Bond

3.625%

10/29/08

291,531

Devon Fing Corp U L C

Corporate Bond

7.875%

09/30/31

82,596

Deutsche Telekom Intl Fin B V

Corporate Bond

8.250%

06/15/30

25,438

Dlj Coml Mtg Corp

Corporate Bond

6.410%

02/18/31

95,568

Dominion Res Inc Del

Corporate Bond

7.195%

09/15/14

88,878

Dominion Res Inc Del

Corporate Bond

5.125%

12/15/09

49,854

Eksportfinans A S A Medium

Corporate Bond

3.375%

01/15/08

424,190

Encana Corp

Corporate Bond

6.505%

08/15/34

55,868

Enterprise Prods Oper L P

Corporate Bond

4.000%

10/15/07

48,955

Federated Dept Stores Inc Del

Corporate Bond

6.790%

07/15/27

52,561

First Un Corp

Corporate Bond

6.300%

04/15/08

129,215

First Union-Lehman Bros Bk-Amer

Corporate Bond

6.560%

11/18/35

307,171

Firstenergy Corp

Corporate Bond

7.375%

11/15/31

17,700

Florida Pwr & Lt Co

Corporate Bond

4.950%

06/01/35

45,700

Fort Irwin Ld Llc

Corporate Bond

5.300%

12/15/35

111,491

Fort Irwin Ld Llc

Corporate Bond

5.030%

12/15/25

48,319

General Elec Cap Corp M/T/N

Corporate Bond

3.450%

01/15/08

1,121,796

General Elec Cap Corp Medium

Corporate Bond

4.125%

09/01/09

121,685

General Elec Cap Corp Medium

Corporate Bond

5.000%

11/15/11

1,161,137

GMAC Commercial Mortgage Secur

Corporate Bond

6.175%

05/15/33

179,779

GMAC Comm Mtg Sec Inc

Corporate Bond

6.945%

09/15/33

448,245

GMAC Coml Mtg Sec Inc

Corporate Bond

03/15/33

560,393

GMAC Coml Mtg Secs Inc

Corporate Bond

7.179%

08/15/36

407,158

Gs Mtg Secs Corp Ii

Corporate Bond

6.135%

10/18/30

292,544

 

S-5

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Gs Mtg Secs Corp Ii

Corporate Bond

4.751%

07/10/39

388,125

Gs Mtg Secs Corp

Corporate Bond

4.073%

08/25/34

817,949

Gte Corp

Corporate Bond

6.940%

04/15/28

26,755

Heller Finl Coml Mtg Asset Corp

Corporate Bond

6.847%

05/15/31

235,207

Homebanc Mtg Tr

Corporate Bond

5.229%

10/25/35

403,847

Honda Auto Receivables Owner Trust

Corporate Bond

4.460%

05/21/09

595,615

Household Fin Corp

Corporate Bond

6.375%

10/15/11

221,987

Household Fin Corp Nt

Corporate Bond

6.450%

02/01/09

41,445

J P Morgan Chase & Co

Corporate Bond

5.350%

03/01/07

175,686

J P Morgan Chase Coml Mtg Secs

Corporate Bond

4.895%

09/12/37

416,290

J P Morgan Chase Coml Mtg Secs

Corporate Bond

5.857%

10/12/35

476,045

J P Morgan Chase Coml Mtg Secs

Corporate Bond

6.429%

04/15/35

365,292

L-Bank Foerderbkbank

Corporate Bond

4.250%

09/15/10

343,746

Lb-Ubs Coml Mtg Tr

Corporate Bond

7.370%

08/15/26

331,141

Lennar Corp

Corporate Bond

5.600%

05/31/15

24,138

Lockheed Martin Corp 8.50 01Dec2029

Corporate Bond

8.500%

12/01/29

102,223

Massmutual Global Fdg Ii

Corporate Bond

2.550%

07/15/08

136,905

Mastr Alternative Ln Tr

Corporate Bond

5.500%

05/25/34

221,900

May Dept Stores

Corporate Bond

8.125%

08/15/35

55,295

May Dept Stores Co

Corporate Bond

6.650%

07/15/24

21,028

May Dept Stores Co

Corporate Bond

6.700%

07/15/34

10,651

Mbna Cr Card Master Nt Tr

Corporate Bond

2.650%

11/15/10

641,836

Mbna Cr Card Master Nt Tr

Corporate Bond

2.700%

09/15/09

584,211

Mbna Cr Card Master Nt Tr

Corporate Bond

5.055%

12/15/10

624,916

Metlife Inc

Corporate Bond

5.700%

06/15/35

60,222

Morgan J P Coml Mtg Fin Corp

Corporate Bond

7.371%

08/15/32

338,927

Morgan Stanley Cap I Inc

Corporate Bond

6.480%

11/15/30

394,131

Morgan Stanley Co

Corporate Bond

6.750%

04/15/11

107,653

Morgan Stanley

Corporate Bond

5.050%

01/21/11

350,105

National Westminster Bk Plc

Corporate Bond

7.375%

10/01/09

81,424

News Amer Hldgs Inc Sr Deb

Corporate Bond

7.750%

01/20/24

45,094

News Amer Hldgs Inc

Corporate Bond

8.500%

02/23/25

60,158

News Amer Inc

Corporate Bond

7.300%

04/30/28

109,717

News Amer Inc

Corporate Bond

7.280%

06/30/28

27,335

S-6

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

News Amer Inc

Corporate Bond

6.200%

12/15/34

14,900

News Amer Inc

Corporate Bond

6.400%

12/15/35

50,397

Northrop Grumman 7.875 01Mar2026

Corporate Bond

7.875%

03/01/26

94,583

Northrop Grumman Corp

Corporate Bond

4.079%

11/16/06

128,995

Peoples Choice Home Ln Secs Tr

Corporate Bond

5.079%

08/25/35

595,961

Platinum Underwriters Fin Inc

Corporate Bond

7.500%

06/01/17

101,908

Protective Life Secd Trs Secd M/T/N

Corporate Bond

3.700%

11/24/08

14,558

Progress Energy Inc

Corporate Bond

7.750%

03/01/31

65,975

Progress Energy Inc

Corporate Bond

7.000%

10/30/31

55,486

Pulte Corp Sr Nt

Corporate Bond

5.200%

02/15/15

42,333

Rasc Ser 2005-Ks12 Tr

Corporate Bond

5.049%

06/25/26

599,813

Raytheon Co

Corporate Bond

4.500%

11/15/07

18,836

Rouse Co

Corporate Bond

3.625%

03/15/09

154,113

SBC Communications Inc

Corporate Bond

6.450%

06/15/34

36,420

SBC Communications Inc

Corporate Bond

6.150%

09/15/34

20,089

Salomon Bros Mtg Secs Vii Inc

Corporate Bond

6.499%

10/13/11

468,679

Salomon Bros Coml Mtg Tr

Corporate Bond

6.592%

12/18/33

374,622

Scottish Pwr Plc

Corporate Bond

5.375%

03/15/15

70,039

Scottish Pwr Plc

Corporate Bond

4.910%

03/15/10

99,072

Sprint Cap Corp

Corporate Bond

6.875%

11/15/28

27,317

Sprint Cap Corp

Corporate Bond

8.750%

03/15/32

59,719

Structured Asset Secs Corp

Corporate Bond

3.357%

01/25/31

293,735

Structured Adj Rate Mtg Ln Tr

Corporate Bond

5.279%

10/25/35

512,375

Suncor Energy Inc

Corporate Bond

5.950%

12/01/34

10,578

Suntrust Bank Inc

Corporate Bond

3.625%

10/15/07

200,549

Suntrust Banks Inc C/D

Corporate Bond

4.415%

06/15/09

107,309

Suntrust Bk Inc

Corporate Bond

4.000%

10/15/08

68,400

Swedish Export Cr Corp

Corporate Bond

2.875%

01/26/07

122,578

Tci Communications Inc Deb

Corporate Bond

7.125%

02/15/28

123,499

Teck Cominco Ltd

Corporate Bond

6.125%

10/01/35

49,448

Tiaa Global Mkts Inc

Corporate Bond

3.875%

01/22/08

49,031

Time Warner Companies Inc

Corporate Bond

7.570%

02/01/24

239,965

Tyco Intl Group Sa

Corporate Bond

6.375%

10/15/11

124,631

UBS Pfd Fdg Tr I

Corporate Bond

8.622%

10/29/49

57,195

U S Bancorp M/T/N

Corporate Bond

3.950%

08/23/07

24,676

U S Bk Natl Assn Cincinnati M/T/N

Corporate Bond

2.850%

11/15/06

147,525

S-7

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

U S Bk Natl Assn Cincinnati

Corporate Bond

4.400%

08/15/08

296,982

Vodafone Airtouch Plc

Corporate Bond

7.750%

02/15/10

202,625

Vodafone Group Plc New

Corporate Bond

5.000%

09/15/15

48,701

Verizon Md Inc

Corporate Bond

5.125%

06/15/33

75,594

Verizon Global Fdg Corp

Corporate Bond

5.850%

09/15/35

24,092

Wachovia Bk Coml Mtg Tr

Corporate Bond

5.125%

08/15/35

499,280

Wellpoint Inc Com

Corporate Bond

5.950%

12/15/34

87,624

Wells Fargo & Co New

Corporate Bond

4.200%

01/15/10

77,882

Wells Fargo Mtg Backed Secs V/R

Corporate Bond

4.476%

07/25/34

705,200

Wells Fargo & Co New

Corporate Bond

4.000%

08/15/08

147,198

Wells Fargo & Co New

Corporate Bond

4.625%

08/09/10

232,074

Wyeth

Corporate Bond

6.000%

02/15/36

102,979

Associates Corp North Amer Sr Nts

Corporate Bond

6.875%

11/15/08

            368,444

Total Corporate Bonds

119,127,824

Federal Natl Mtg Assn Remic Tr

Government Fixed Income

5.750%

07/25/35

816,559

Federal Natl Mtg Assn Remic Tr

Government Fixed Income

5.750%

08/25/23

1,028,331

Federal Natl Mtg Assn Gtd Remic

Government Fixed Income

3.310%

02/25/32

256,922

Federal Home Ln Mtg Corp Deb

Government Fixed Income

3.370%

04/28/08

1,547,214

Federal Natl Mtg Assn M/T/N

Government Fixed Income

2.710%

01/30/07

3,400,070

Federal Natl Mtg Assn M/T/N

Government Fixed Income

2.750%

05/10/06

1,539,828

Federal Home Ln Mtg Corp

Government Fixed Income

5.250%

01/15/06

4,151,297

Federal Natl Mtg Assn Medium

Government Fixed Income

2.770%

12/29/06

622,895

Federal Home Ln Mtg Corp

Government Fixed Income

5.000%

03/15/18

784,627

Federal Home Ln Mtg Corp

Government Fixed Income

3.750%

03/03/09

800,508

Federal Home Ln Mtg Corp

Government Fixed Income

5.500%

05/15/35

1,024,860

Gov't Nat'l Mtge Assn Pool # 80947

Government Fixed Income

3.750%

06/20/34

2,500,999

Gov't Nat'l Mtge Assn Pool # 81257

Government Fixed Income

5.000%

02/20/35

2,237,919

U S Treasury Notes

Government Fixed Income

4.625%

05/15/06

5,085,182

U S Treasury Notes

Government Fixed Income

3.750%

05/15/08

354,881

United States Treas Nts

Government Fixed Income

2.375%

08/31/06

291,082

U S Treasury Bonds

Government Fixed Income

10.375%

11/15/12

862,022

Gov't Nat'l Mtge Assn Pool # 780487

Government Fixed Income

7.250%

04/15/06

141

S-8

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Gov't Nat'l Mtge Assn Pool # 780985

Government Fixed Income

6.000%

12/15/08

119,704

Gov't Nat'l Mtge Assn Pool # 781284

Government Fixed Income

6.000%

02/15/11

173,268

Federal Nat'l Mtge Assn Pool # 735681

Government Fixed Income

5.500%

07/01/20

1,357,685

Federal Nat'l Mtge Assn Pool # 251904

Government Fixed Income

6.000%

08/01/08

95,421

Federal Nat'l Mtge Assn Pool # 255572

Government Fixed Income

5.500%

12/01/14

359,287

Federal Nat'l Mtge Assn Pool # 806556

Government Fixed Income

4.560%

02/01/35

2,108,651

Federal Nat'l Mtge Assn Pool # 255676

Government Fixed Income

5.500%

03/01/15

338,221

Federal Nat'l Mtge Assn Pool # 86643

Government Fixed Income

5.300%

06/01/29

4,457

Federal Nat'l Mtge Assn Pool # 0323331

Government Fixed Income

6.500%

11/01/08

164,169

Federal Nat'l Mtge Assn Pool # 835245

Government Fixed Income

5.031%

10/01/35

979,007

Federal Nat'l Mtge Assn Pool # 255989

Government Fixed Income

5.500%

11/01/20

2,195,849

Federal Nat'l Mtge Assn Pool # 828056

Government Fixed Income

4.869%

06/01/35

1,065,117

Federal Nat'l Mtge Assn Pool # 555255

Government Fixed Income

6.169%

04/01/40

318,855

Federal Nat'l Mtge Assn Pool # 460770

Government Fixed Income

4.524%

12/01/09

628,427

Federal Nat'l Mtge Assn Pool # 735386

Government Fixed Income

5.500%

01/01/20

179,458

Federal Nat'l Mtge Assn Pool # 255954

Government Fixed Income

5.500%

10/01/20

889,862

Federal Natl Mtg Assn Remic Tr

Government Fixed Income

5.500%

05/25/27

707,560

Federal Natl Mtg Assn Remic Tr

Government Fixed Income

6.000%

08/25/28

412,898

Federal Natl Mtg Assn Remic Tr

Government Fixed Income

5.000%

03/25/18

128,019

Federal Home Ln Mtg Corp Remic Tr

Government Fixed Income

5.000%

12/15/17

276,471

Federal Natl Mtg Assn Remic Tr

Government Fixed Income

6.500%

07/25/34

258,884

Federal Natl Mtg Assn Gtd Remic

Government Fixed Income

5.500%

02/25/35

363,013

Federal Natl Mtg Assn Gtd

Government Fixed Income

5.500%

08/25/35

341,079

Federal Natl Mtg Assn Gtd

Government Fixed Income

5.500%

01/25/34

418,565

Federal Natl Mtg Assn Gtd

Government Fixed Income

5.500%

12/25/33

341,745

S-9

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Federal Natl Mtg Assn

Government Fixed Income

2.350%

04/05/07

674,584

Federal Natl Mtg Assn

Government Fixed Income

3.000%

03/02/07

877,100

Federal Natl Mtg Assn

Government Fixed Income

1.750%

06/16/06

182,630

Federal Natl Mtg Assn M/T/N

Government Fixed Income

2.710%

01/30/07

1,345,352

Federal Natl Mtg Assn M/T/N

Government Fixed Income

2.350%

04/29/06

124,102

Federal Home Ln Mtg Corp

Government Fixed Income

4.625%

05/28/13

263,656

Federal Natl Mtg Assn M/T/N

Government Fixed Income

03/15/07

361,906

Federal Home Ln Mtg Corp

Government Fixed Income

5.500%

01/15/31

430,992

Federal Home Ln Mtg Corp

Government Fixed Income

5.500%

04/15/35

403,899

Gov't Nat'l Mtg Assn Pool# 781590

Government Fixed Income

5.500%

04/15/33

109,603

Gov't Nat'l Mtge Assn Pool # 589206

Government Fixed Income

6.000%

10/15/32

11,300

Gov't Nat'l Mtge Assn Pool # 599742

Government Fixed Income

6.000%

10/15/32

5,184

Gov't Nat'l Mtge Assn Pool # 80916

Government Fixed Income

3.750%

05/20/34

402,985

Israel St

Government Fixed Income

5.500%

09/18/33

163,889

Resolution Fdg Corp Fed Book

Government Fixed Income

10/15/18

40,946

Resolution Fdg Corp Fed Book

Government Fixed Income

07/15/18

41,468

Slm Student Ln Tr

Government Fixed Income

5.220%

10/25/16

448,952

Small Business Admin Gtd Partn

Government Fixed Income

4.524%

02/10/13

369,690

U S Treasury Bonds

Government Fixed Income

8.500%

02/15/20

1,017,039

U S Treasury Bonds

Government Fixed Income

8.750%

08/15/20

611,402

U S Treasury Bonds

Government Fixed Income

6.250%

08/15/23

1,289,671

U S Treasury Bonds

Government Fixed Income

6.000%

02/15/26

1,061,297

U S Treasury Bonds

Government Fixed Income

6.750%

08/15/26

678,731

U S Treas Infl Idx N/B

Government Fixed Income

0.875%

04/15/10

1,294,340

United States Treas Nts

Government Fixed Income

3.750%

03/31/07

535,399

United States Treas Nts

Government Fixed Income

4.500%

11/15/15

438,567

United States Treas Nts

Government Fixed Income

4.375%

11/15/08

785,123

United States Treas Nts

Government Fixed Income

4.250%

11/30/07

4,063,060

U S Treasury Bonds

Government Fixed Income

8.125%

08/15/19

1,600,835

U S Treasury Bonds

Government Fixed Income

10.375%

11/15/12

690,723

U S Treasury Bond

Government Fixed Income

5.500%

08/15/28

134,929

U S Treasury Bonds

Government Fixed Income

5.375%

02/15/31

185,341

Gov't Nat'l Mtge Assn Pool # 590089

Government Fixed Income

5.500%

07/15/33

66,277

S-10

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Gov't Nat'l Mtge Assn Pool # 572394

Government Fixed Income

7.000%

11/15/31

6,631

Gov't Nat'l Mtge Assn Pool # 499416

Government Fixed Income

6.000%

02/15/29

4,615

Gov't Nat'l Mtge Assn Pool # 372062

Government Fixed Income

6.500%

03/15/24

83,891

Gov't Nat'l Mtge Assn Pool # 781548

Government Fixed Income

7.000%

11/15/32

16,962

Gov't Nat'l Mtge Assn Pool # 781328

Government Fixed Income

7.000%

09/15/31

80,333

Fed'l Home Loan Mtge Corp Grp # B19667

Government Fixed Income

5.000%

08/01/20

191,100

FHLMC Tba 15Yr Gold Sfm 05.50% Jan

Government Fixed Income

5.500%

01/01/19

100,563

Fed'l Home Loan Mtge Corp Grp # G11769

Government Fixed Income

5.000%

10/01/20

670,337

Fed'l Home Loan Mtge Corp Grp # M80817

Government Fixed Income

4.000%

05/01/10

187,532

Fed'l Home Loan Mtge Corp Grp # B18712

Government Fixed Income

5.000%

11/01/19

1,188,674

FNMA Tba 15Yr Sfm 04.50% Jan

Government Fixed Income

4.500%

01/01/19

3,113,000

FNMA Tba 30Yr Sfm 04.50% Jan

Government Fixed Income

4.500%

01/01/35

847,406

FNMA Tba 15Yr Sfm 05.50% Jan

Government Fixed Income

5.500%

01/01/20

1,207,125

Fed'l Home Loan Mtge Corp Grp # G18065

Government Fixed Income

5.000%

07/01/20

377,997

FNMA Tba 30Yr Sfm 06.50% Jan

Government Fixed Income

6.500%

01/01/35

(1,025,625)

Fed'l Home Loan Mtge Corp Grp # G01391

Government Fixed Income

7.000%

04/01/32

95,641

Fed'l Home Loan Mtge Corp Grp # E00627

Government Fixed Income

5.500%

02/01/14

190,778

FHLMC Tba 15Yr Gold Sfm 05.00% Dec

Government Fixed Income

5.000%

12/01/16

(297,047)

Fed'l Home Loan Mtge Corp Grp # G11777

Government Fixed Income

5.000%

10/01/20

289,050

Fed'l Home Loan Mtge Corp Grp # B15485

Government Fixed Income

5.000%

06/01/19

192,624

FHLMC Tba 30Yr Gold Sfm 06.00% Jan

Government Fixed Income

6.000%

01/01/34

(403,875)

Fed'l Home Loan Mtge Corp Grp # E91860

Government Fixed Income

5.500%

10/01/17

101,652

S-11

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Fed'l Home Loan Mtge Corp Grp # G01770

Government Fixed Income

5.500%

01/01/35

641,388

Fed'l Home Loan Mtge Corp Grp # E88978

Government Fixed Income

5.500%

04/01/17

119,510

Fed'l Home Loan Mtge Corp Grp # C90213

Government Fixed Income

7.000%

04/01/18

27,821

Fed'l Home Loan Mtge Corp Grp # G11681

Government Fixed Income

5.000%

04/01/20

183,808

Fed'l Home Loan Mtge Corp Grp # G01912

Government Fixed Income

5.000%

09/01/35

574,494

Fed'l Home Loan Mtge Corp Grp # G01534

Government Fixed Income

6.000%

04/01/33

410,252

FNMA Tba 30Yr Sfm 05.50% Jan

Government Fixed Income

5.500%

01/01/35

(4,455,000)

FNMA Tba 15Yr Sfm 05.00% Jan

Government Fixed Income

5.000%

01/01/20

(692,344)

FHLMC Tba 15Yr Gold Sfm 05.00% Jan

Government Fixed Income

5.000%

01/01/19

(2,771,125)

FNMA Tba 30Yr Sfm 06.00% Jan

Government Fixed Income

6.000%

01/01/35

(302,719)

FNMA Tba 30Yr Sfm 05.00% Jan

Government Fixed Income

5.000%

01/01/35

(1,646,875)

FHLMC Tba 30Yr Gold Sfm 05.00% Jan

Government Fixed Income

5.000%

01/15/33

2,225,969

Fed'l Home Loan Mtge Corp Grp # G18078

Government Fixed Income

5.000%

10/01/20

55,162

Fed'l Home Loan Mtge Corp Grp # B18931

Government Fixed Income

4.500%

03/01/20

92,314

Fed'l Home Loan Mtge Corp Grp # C49499

Government Fixed Income

6.500%

04/01/31

5,558

Fed'l Home Loan Mtge Corp Grp # G01740

Government Fixed Income

5.500%

12/01/34

122,168

Fed'l Home Loan Mtge Corp Grp # J00108

Government Fixed Income

5.000%

09/01/20

564,092

Fed'l Home Loan Mtge Corp Grp # J00432

Government Fixed Income

5.000%

11/01/20

234,937

Fed'l Home Loan Mtge Corp Grp # J00774

Government Fixed Income

5.000%

12/01/20

693,091

Fed'l Home Loan Mtge Corp Grp # G11812

Government Fixed Income

5.000%

12/01/20

1,782,233

Fed'l Home Loan Mtge Corp Grp # J00813

Government Fixed Income

5.000%

12/01/20

111,874

Fed'l Home Loan Mtge Corp Grp # J00555

Government Fixed Income

5.000%

12/01/20

241,886

S-12

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Fed'l Home Loan Mtge Corp Grp # J02314

Government Fixed Income

5.000%

07/01/20

396,013

Fed'l Home Loan Mtge Corp Grp # B14156

Government Fixed Income

4.000%

05/01/19

71,219

Fed'l Home Loan Mtge Corp Grp # B14838

Government Fixed Income

4.500%

06/01/19

433,911

Fed'l Home Loan Mtge Corp Grp # J00515

Government Fixed Income

5.000%

11/01/20

779,243

Fed'l Home Loan Mtge Corp Grp # G11742

Government Fixed Income

5.000%

07/01/20

92,085

Fed'l Home Loan Mtge Corp Grp # G11720

Government Fixed Income

4.500%

08/01/20

554,496

Federal Nat'l Mtge Assn Pool # 545762

Government Fixed Income

6.500%

07/01/32

61,771

Federal Nat'l Mtge Assn Pool # 783710

Government Fixed Income

5.500%

07/01/34

224,561

Federal Nat'l Mtge Assn Pool # 255413

Government Fixed Income

6.500%

10/01/34

294,339

Federal Nat'l Mtge Assn Pool # 725424

Government Fixed Income

5.500%

04/01/34

219,308

Federal Nat'l Mtge Assn Pool # 555114

Government Fixed Income

5.500%

12/01/17

10,864

Federal Nat'l Mtge Assn Pool # 738632

Government Fixed Income

5.000%

11/01/18

141,248

Federal Nat'l Mtge Assn Pool # 725206

Government Fixed Income

5.500%

02/01/34

996,055

Federal Nat'l Mtge Assn Pool # 555531

Government Fixed Income

5.500%

06/01/33

104,522

Federal Nat'l Mtge Assn Pool # 562319

Government Fixed Income

7.000%

01/01/31

904

Federal Nat'l Mtge Assn Pool # 725162

Government Fixed Income

6.000%

02/01/34

356,897

Federal Nat'l Mtge Assn Pool # 725946

Government Fixed Income

5.500%

11/01/34

989,741

Federal Nat'l Mtge Assn Pool # 745140

Government Fixed Income

5.000%

11/01/35

991,110

Federal Nat'l Mtge Assn Pool # 545556

Government Fixed Income

7.000%

04/01/32

23,839

Federal Nat'l Mtge Assn Pool # 254693

Government Fixed Income

5.500%

04/01/33

1,051,722

Federal Nat'l Mtge Assn Pool # 254407

Government Fixed Income

7.000%

08/01/32

118,528

Federal Nat'l Mtge Assn Pool # 844803

Government Fixed Income

4.500%

10/01/35

93,472

S-13

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Federal Nat'l Mtge Assn Pool # 357327

Government Fixed Income

5.000%

01/01/18

192,805

Federal Nat'l Mtge Assn Pool # 647484

Government Fixed Income

7.000%

06/01/32

1,785

Federal Nat'l Mtge Assn Pool # 809774

Government Fixed Income

4.728%

02/01/35

357,193

Federal Nat'l Mtge Assn Pool # 572833

Government Fixed Income

6.000%

04/01/16

253,751

Federal Nat'l Mtge Assn Pool # 545823

Government Fixed Income

5.500%

08/01/17

10,812

Federal Nat'l Mtge Assn Pool # 545900

Government Fixed Income

5.500%

07/01/17

30,743

Federal Nat'l Mtge Assn Pool # 555880

Government Fixed Income

5.500%

11/01/33

293,614

Federal Nat'l Mtge Assn Pool # 725027

Government Fixed Income

5.000%

11/01/33

1,560,415

Federal Nat'l Mtge Assn Pool # 555606

Government Fixed Income

4.000%

07/01/18

68,437

Federal Nat'l Mtge Assn Pool # 254235

Government Fixed Income

6.000%

03/01/17

15,550

Federal Nat'l Mtge Assn Pool # 190319

Government Fixed Income

6.500%

02/01/32

561,634

Federal Nat'l Mtge Assn Pool # 658290

Government Fixed Income

4.500%

04/01/18

195,752

Federal Nat'l Mtge Assn Pool # 687885

Government Fixed Income

5.500%

03/01/18

77,597

Federal Nat'l Mtge Assn Pool # 735009

Government Fixed Income

5.000%

05/01/19

389,114

Federal Nat'l Mtge Assn Pool # 735494

Government Fixed Income

4.500%

03/01/20

346,692

Federal Nat'l Mtge Assn Pool # 779556

Government Fixed Income

5.500%

06/01/34

251,877

Federal Nat'l Mtge Assn Pool # 769094

Government Fixed Income

5.500%

06/01/34

178,192

Federal Nat'l Mtge Assn Pool # 773501

Government Fixed Income

5.500%

08/01/19

708,147

Federal Nat'l Mtge Assn Pool # 776524

Government Fixed Income

6.500%

03/01/34

269,609

Federal Nat'l Mtge Assn Pool # 735989

Government Fixed Income

5.500%

02/01/35

         1,526,097

Total Government Bonds

82,975,503

Sales Tax Asset Receivable

State & Local Obligations

3.600%

10/15/08

194,070

Texas St Pub Fin Auth Rev

State & Local Obligations

2.625%

06/15/06

            703,596

Total State & Local Obligations

897,666

S-14

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Amresco Independence Fdg Inc V/R

Other Bonds

06/15/26

515,756

Bayview Finl Acquisition Tr 144A

Other Bonds

7.010%

05/25/29

138,644

Bellsouth Corp

Other Bonds

04/26/21

449,460

Business Ln Ctr Inc V/R Restr

Other Bonds

6.750%

01/15/25

352,993

Cwabs Inc

Other Bonds

5.079%

12/25/35

1,358,775

Gs Mtg Secs Corp

Other Bonds

4.428%

03/20/23

357,242

Hbos Plc Medium Term Sr Nts

Other Bonds

3.600%

08/15/07

191,313

Italy Rep

Other Bonds

2.750%

12/15/06

1,104,941

J P Morgan Mtg Acquisition

Other Bonds

5.039%

12/25/35

955,035

Merck & Co Inc 144A Restr

Other Bonds

02/22/11

599,892

Nationwide Bldg Soc Mtn

Other Bonds

3.500%

07/31/07

146,967

Pbg Equip Tr 144A

Other Bonds

6.270%

01/20/12

248,680

Prudential Ins Co Amer

Other Bonds

6.375%

07/23/06

252,010

USAA Auto Owner Tr

Other Bonds

4.000%

12/15/09

1,704,572

Citigroup Inc

Other Bonds

1.750%

02/01/08

832,394

Allstate Finl Global Fdg Llc

Other Bonds

6.150%

02/01/06

125,138

Bae Sys Hldgs Inc

Other Bonds

5.200%

08/15/15

83,296

Barclays Bk Plc V/R

Other Bonds

6.860%

06/15/32

61,258

Bellsouth Corp

Other Bonds

04/26/21

249,700

Belvoir Ld Llc

Other Bonds

5.270%

12/15/47

48,189

Cwabs Inc

Other Bonds

5.079%

12/25/35

830,363

Halliburton Co

Other Bonds

7.600%

08/15/96

29,902

Hbos Plc Medium Term Sr Nts

Other Bonds

3.500%

11/30/07

195,178

Hbos Plc Medium Term Sr Nts

Other Bonds

3.600%

08/15/07

88,298

Israel St

Other Bonds

5.500%

04/26/24

377,549

Nationwide Bldg Soc Mtn

Other Bonds

3.500%

07/31/07

220,451

Petro Cda

Other Bonds

5.350%

07/15/33

92,864

SBC Communications Inc

Other Bonds

4.389%

06/05/06

324,298

Telecom Italia Cap

Other Bonds

6.000%

09/30/34

52,984

United Mexican Sts M/T/N

Other Bonds

8.000%

09/24/22

37,013

United Mexican States

Other Bonds

8.125%

12/30/19

147,300

Liberty Mutual Group

Other Bonds

6.500%

03/15/35

58,538

AT&T Broadband Corp

Other Bonds

4.188%

03/15/13

            115,745

Total Other Bonds

       12,346,738

Total Bonds and Debentures

215,347,731

S-15

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Abn Amro Hldg N V Sponsored Adr

Common Stock

609,062

Aeon Co Ltd

Common Stock

533,757

Aiful Corp

Common Stock

250,356

Ansell Ltd

Common Stock

204,800

A/S Dampskibsselskabet Torm

Common Stock

174,168

Abb Ltd

Common Stock

415,724

Aegon N V

Common Stock

341,088

Advantest Corp

Common Stock

243,648

Air Liquide Adr

Common Stock

325,848

Ajinomoto Inc Adr

Common Stock

214,750

Aktiebolgt Electrolux Adr

Common Stock

264,654

Akzo Nobel N V Adr

Common Stock

202,752

Alcatel Alsthom

Common Stock

390,600

All Nippon Awys Ltd

Common Stock

427,035

Allianz Aktiengesellschaft

Common Stock

817,560

Allied Irish Bks P L C Spon Adr

Common Stock

277,092

Alpha Bk A E

Common Stock

283,202

Altana Aktiengesellschaft

Common Stock

185,198

Alps Elec Ltd Adr

Common Stock

208,800

Amer Sports Corporation Spon

Common Stock

100,192

Amvescap Plc Spon Adr

Common Stock

325,499

Anglo American Plc Adr

Common Stock

612,128

Arcelor N A

Common Stock

199,576

Asahi Glass Adr

Common Stock

400,009

Asahi Kasei Corp Adr

Common Stock

229,874

Astrazeneca Plc Spons Adr

Common Stock

840,780

Atlas Copco Ab Sponsored Adr

Common Stock

315,808

Axa Adr

Common Stock

682,163

Boc Group Plc Spon Adr

Common Stock

158,813

Bt Group Plc

Common Stock

401,455

Baa Plc Sponsor Adr

Common Stock

289,552

Bnp Paribas

Common Stock

814,282

Bae Sys Plc

Common Stock

549,204

Banco Bilbao Vizcaya

Common Stock

760,410

Banco Santander Cent Hispano S A Adr

Common Stock

950,999

Bank Fukuoka Ltd Adr

Common Stock

230,815

Bank Yokohama Ltd Japan Adr

Common Stock

359,740

S-16

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Barclays Plc Adr

Common Stock

861,588

Basf AG

Common Stock

474,176

Bayer A G Sponsored Adr

Common Stock

425,952

Bhp Billiton Limited

Common Stock

716,859

Bhp Billiton Plc

Common Stock

526,652

Bg Plc

Common Stock

364,578

Boots Group Plc

Common Stock

212,923

Bp Plc Spons Adr

Common Stock

2,421,094

Bridgestone Corp Adr

Common Stock

208,000

British Sky Broadcasting Group Spons Adr

Common Stock

173,400

British Awys Plc Adr

Common Stock

203,550

British American Tobacco

Common Stock

450,400

Bulgari S P A Adr

Common Stock

191,320

Business Objects S A Sponsored Adr

Common Stock

226,296

Csk Hldgs Corp Adr

Common Stock

199,612

Cadbury Schweppes P L C Adr

Common Stock

268,987

Canon Inc Adr Repstg 5 Shs

Common Stock

588,300

Carnival Plc

Common Stock

193,358

Centrica Plc

Common Stock

243,600

Cheung Kong Hldgs Ltd Adr

Common Stock

246,240

Clp Holdings Ltd

Common Stock

226,356

Coca Cola Amatil Ltd

Common Stock

195,680

Coles Myer Ltd Sponsored Adr New

Common Stock

229,229

Commonwealth Bk Australia Spnrd Adr 144A

Common Stock

790,256

Compass Group Plc

Common Stock

158,592

Continental AG Sponsored Adr

Common Stock

141,357

Corporacion Mapfre-Compania Adr

Common Stock

248,471

Credit Suisse Group Sponsored Adr

Common Stock

751,003

Crh Plc Adr

Common Stock

195,426

Dbs Group Hldgs Ltd

Common Stock

248,075

Dsm N.V. Adr

Common Stock

89,531

Dai Nippon Prtg Ltd Japan Adr

Common Stock

427,008

Daimler-Chrysler AG

Common Stock

505,197

Daiwa Group Inc.

Common Stock

566,380

S-17

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Danske Bk A/S Adr

Common Stock

403,731

Denso Corp

Common Stock

275,862

Deutsche Bank Npv

Common Stock

697,464

Deutsche Lufthansa A G

Common Stock

234,430

Deutsche Telekom AG Sponsored Adr

Common Stock

588,702

Diageo Plc Spon Adr New

Common Stock

555,308

Dnb Nor Asa 144A Spon Adr

Common Stock

234,994

E On AG

Common Stock

797,412

Edp-Energias De Portugal Sa Adr

Common Stock

314,565

Eisai Ltd Spons Adr

Common Stock

629,085

Elan Corp Plc Adr

Common Stock

246,561

Endesa S A Sponsored Adr

Common Stock

681,462

Enel Societa Per Azioni

Common Stock

482,850

Eni S P A Sponsored Adr

Common Stock

873,020

Erste Bk Der Oesterreichischen

Common Stock

183,143

Delhaize Group

Common Stock

248,786

Fiat S.P.A Adr New

Common Stock

163,372

Fortis Nl

Common Stock

848,766

Fosters Group Ltd Adr Ltd Spons

Common Stock

390,063

France Telecom Sponsored Adr

Common Stock

591,192

Friends Provident P L C

Common Stock

291,161

Fuji Photo New Adr

Common Stock

365,310

Fujitsu Ltd Adr Com

Common Stock

235,854

Gallaher Group Plc

Common Stock

129,344

Glaxo Smithkline Plc

Common Stock

1,678,460

Groupe Danone Sponsored Adr

Common Stock

389,240

Gus Plc Sponsored Adr

Common Stock

279,149

Hbos Plc

Common Stock

823,386

HSBC Hldgs Plc

Common Stock

2,119,580

Hang Seng Bk Ltd Spons Adr

Common Stock

182,728

Hellenic Telecommun Org Spons Adr

Common Stock

203,312

Hilton Grp Plc-Spons Adr

Common Stock

141,659

Hitachi Ltd Adr 10 Com

Common Stock

357,220

Honda Motor Co Ltd

Common Stock

579,400

Hong Kong & China Gas Ltd Spnsrd Adr

Common Stock

136,576

S-18

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Hutchison Whampoa Ltd Adr

Common Stock

238,115

Hypo Real Estate Hldg AG Sponsored Adr

Common Stock

248,779

Imperial Tob Group Plc Sponsored Adr

Common Stock

305,475

Ireland Bk Sponsored Adr

Common Stock

210,506

Ing Groep N V Sponsored Adr

Common Stock

699,882

International Pwr Plc

Common Stock

193,246

Italcementi S P A Adr

Common Stock

223,224

Itochu Corp Adr

Common Stock

241,770

J Sainsbury Plc

Common Stock

167,231

James Hardie Inds N V

Common Stock

226,641

Japan Airlines Corporation

Common Stock

399,781

Kao Corp Adr

Common Stock

240,956

Kingfisher Plc

Common Stock

304,253

Kirin Brewery Ltd

Common Stock

208,980

Kobe Stl Ltd Sponsored Adr

Common Stock

226,548

Komatsu Ltd New

Common Stock

446,303

Koninklijke Ahold Nv Sponsored Adr

Common Stock

186,744

Koninklijke Philips Electrs

Common Stock

444,730

Royal Kpn Nv

Common Stock

251,000

Kubota Corp Adr

Common Stock

178,500

Kyocera Corp Adr

Common Stock

204,876

Lloyds Tsb Group Plc Adr

Common Stock

623,610

L Oreal Co Adr

Common Stock

348,153

Lafarge S.A. Adr

Common Stock

189,168

Lagardere Groupe S C A Spons Adr

Common Stock

237,680

Legal & General Plc Adr

Common Stock

459,930

Lend Lease Ltd

Common Stock

659,626

Logitech Intl S A

Common Stock

212,336

Luxottica Group S P A Adr

Common Stock

202,480

Lvmh Moet Hennessy Louis

Common Stock

221,313

Meiji Seika Kaisha Ltd Adr

Common Stock

191,239

Mtr Corp Ltd

Common Stock

159,311

Marks & Spencer Group P L C

Common Stock

421,338

Marui Ltd Adr New

Common Stock

274,589

Matsushita Elec Ind Co Ltd Adr

Common Stock

523,260

Matsui Secs Co Ltd

Common Stock

166,434

S-19

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Mediaset S P A

Common Stock

279,750

Metso Corp

Common Stock

229,572

Millea Hldgs Inc

Common Stock

344,200

Minebea Ltd Spon Adr

Common Stock

229,147

Mitsui & Co Ltd Adr

Common Stock

558,800

Mitsubishi Corp Adr

Common Stock

663,390

Mitsubishi Estate Ltd Adr

Common Stock

705,752

Mitsubishi Elec Corp Adr

Common Stock

389,098

Mitsui Sumitomo Insurance Company

Common Stock

537,931

Mitsubishi Ufj Finl Group Inc

Common Stock

1,191,030

Nh Hoteles Sociedad Anonima

Common Stock

296,951

National Aust Bk Ltd Adr New

Common Stock

562,875

National Bk Greece S A

Common Stock

222,560

National Grid Plc

Common Stock

390,591

Nec Corp Adr

Common Stock

253,790

Nec Electronics Corp Adr

Common Stock

262,304

Neptune Orient Lines Ltd

Common Stock

224,303

Nestle S A Sponsored Adr

Common Stock

1,335,900

Nidec Corp

Common Stock

251,024

Nikko Cordial Corporation

Common Stock

561,823

Nintendo Ltd Adr

Common Stock

217,325

Nippon Yusen Kabushiki Kaisha Adr

Common Stock

465,508

Nippon Shokubai Co Ltd Adr

Common Stock

214,901

Nippon Teleg & Tel Corp Sponsored Adr

Common Stock

364,960

Nisshin Steel Ltd Adr

Common Stock

206,592

Nissan Mtr Ltd Adr

Common Stock

347,480

Nitto Denko Corp Adr

Common Stock

311,446

Nokia Corp Adr-A Shs

Common Stock

982,710

Nomura Hldgs Inc

Common Stock

461,280

Norsk Hydro A S Sponsored Adr

Common Stock

165,088

Ntt Docomo Inc

Common Stock

389,128

Novartis AG Spnsrd Adr

Common Stock

1,321,446

Novo Nordisk A/S Adr

Common Stock

281,700

Oce N V

Common Stock

99,755

Oji Paper Co Ltd Sponsored Adr

Common Stock

265,739

Olympus Corp

Common Stock

604,072

S-20

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Omron Corp

Common Stock

216,623

Orkla A S

Common Stock

194,002

Osterreichische

Common Stock

177,700

Pearson Plc

Common Stock

123,448

Peninsular & Oriental Steam Nav Co

Common Stock

271,200

Pernod Ricard S A Sponsored Adr

Common Stock

260,802

Peugeot S.A. Adr

Common Stock

224,032

Pioneer Corp Japan

Common Stock

220,800

Prudential Plc Adr

Common Stock

436,164

Publicis S A New

Common Stock

191,125

Puma AG Rudolf Dassler Sport

Common Stock

174,597

Q P Corp Spons Adr

Common Stock

231,517

Reed International Plc

Common Stock

203,492

Reed Elsevier N V

Common Stock

160,655

Repsol Ypf S.A. Adr

Common Stock

391,153

Reuters Group Plc

Common Stock

121,688

Ricoh Ltd Adr New

Common Stock

209,947

Rio Tinto Plc Spon Adr

Common Stock

630,626

Rio Tinto Spons Adr

Common Stock

465,658

Roche Hldg Ltd Sponsored Adr

Common Stock

1,208,095

Rolls-Royce Group Plc

Common Stock

232,646

Royal & Sun Alliance Ins Group

Common Stock

547,616

Royal Dutch Shell Plc

Common Stock

1,010,346

Royal Dutch Shell Plc Spons Adr

Common Stock

1,374,302

Rwe AG Spons Adr

Common Stock

544,492

Shizuoka Bk Ltd Adr

Common Stock

200,288

Sabmiller Plc

Common Stock

245,903

San Paolo-Imi S P A

Common Stock

1,140,625

Sandvik Ab Adr

Common Stock

506,752

Santos Ltd Adr New

Common Stock

206,310

Sanofi-Aventis

Common Stock

1,079,940

SAP Aktiengesellschaft Adr

Common Stock

522,812

Schering A G

Common Stock

220,803

Scottish & Southn Energy Plc

Common Stock

214,118

Scottish Pwr Plc Sponsored Adr

Common Stock

266,333

Secom Ltd Adr

Common Stock

522,750

Serono S A

Common Stock

230,376

S-21

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Sharp Corp

Common Stock

243,200

Shiseido Ltd Sponsored Adr

Common Stock

186,390

Siemens A G

Common Stock

864,459

Singapore Telecommunications

Common Stock

241,718

Sino Ld Ltd Sponsored Adr

Common Stock

231,588

Skf Ab Adr

Common Stock

270,393

Smith & Nephew P L C

Common Stock

165,006

Societe Generale France Sponsored Adr

Common Stock

625,031

Sodexho Alliance Spons Adr

Common Stock

209,355

Solvay S A Sponsored Adr

Common Stock

197,669

Sony Corp Adr Amern Sh New

Common Stock

595,680

Statoil Asa

Common Stock

227,304

Stora Enso Oyj

Common Stock

183,872

Swiss Reins Co Sponsored Adr

Common Stock

331,384

Swisscom

Common Stock

100,832

Sumitomo Elec Inds Ltd Adr

Common Stock

182,089

Sumitomo Metal Inds Ltd Adr

Common Stock

253,869

Sumitomo Tr & Bkg Ltd Spons Adr

Common Stock

490,032

Sumitomo Mitsui Finl Group Inc

Common Stock

677,760

Sun Hung Kai Pptys Ltd

Common Stock

194,760

Suruga Bk Ltd

Common Stock

251,970

Svenska Cellulosa Aktiebolaget Adr

Common Stock

220,176

Swire Pac Ltd Adr

Common Stock

170,544

Syngenta AG Spons Adr

Common Stock

249,100

TDK Corp Adr

Common Stock

194,040

Tnt N V

Common Stock

253,368

Tabcorp Hldgs Ltd

Common Stock

207,869

Taiheiyo Cem Corp

Common Stock

259,731

Technip Sa

Common Stock

194,496

Teijin Ltd Adr

Common Stock

253,832

Telecom Corp New Zealand Ltd Spon Adr

Common Stock

206,701

Telecom Italia S P A New

Common Stock

433,184

Telecom Italia S P A New

Common Stock

288,206

Ericsson (Lm) Telephone Co Adr (New)

Common Stock

662,544

Telefonica S A Spon Adr

Common Stock

793,432

 

S-22

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Television Broadcast Ltd Spon Adr

Common Stock

122,211

Tesco Plc Sponsored Adr

Common Stock

565,116

Thomson

Common Stock

186,366

Tokyu Ld Corp Adr

Common Stock

239,736

Toppan Prtg Ltd Adr

Common Stock

186,800

Toray Inds Inc Adr

Common Stock

334,171

Total S.A. Adr

Common Stock

1,617,920

Toyo Suisan Kaisha Ltd Adr

Common Stock

177,447

Toyota Mtr Corp Adr 2 Com

Common Stock

1,726,230

Trend Micro Inc

Common Stock

192,250

Ubs AG Registered

Common Stock

1,177,322

Unilever Plc Amer Shs Adr New

Common Stock

401,160

Unilever Nv Ny Share F New

Common Stock

439,360

United Overseas Bk Ltd Sponsored Adr

Common Stock

184,391

United Utilities Plc - Sp Adr

Common Stock

193,556

Upm Kymmene Corp Sponsored Adr

Common Stock

119,560

Vodafone Group Plc Spons Adr

Common Stock

1,487,871

Valeo Adr

Common Stock

185,250

Veolia Environnement

Common Stock

674,970

Vivendi Spons Adr New

Common Stock

465,164

Volkswagen A G Sponsored A Adr

Common Stock

200,317

Volvo Aktiebolaget Adr B

Common Stock

367,224

Westpac Bkg Corp Sponsored Adr

Common Stock

800,696

Wienerberger Baustoffinustrie

Common Stock

119,610

Wolseley Plc

Common Stock

489,831

Wolters Kluwer N V Sponsored Adr

Common Stock

171,250

Woodside Pete Ltd Sponsored Adr

Common Stock

224,234

Yamazaki Baking Ltd Adr

Common Stock

178,937

Zurich Finl Svcs

Common Stock

            448,262

Total Equity Investments

112,810,446

 

 

 

S-23

 


 

2005
Form 5500, Schedule H, Part IV, Line 4i
Matched Asset Plan
PN 001
Computer Sciences Corporation
EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2005

(a)
    

 

(b) Identity of issue, borrower, lessor
             or similar party          

 

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

 

(d) Cost**
                         

(e) Current Value
                            

Future Eurodollar Put 94.75

Financial Future

12/18/06

(12,675)

Future Eurodollar Put 95.25

Financial Future

12/18/06

           19,175

Total Derivatives

             6,500

Assets (Held and End of Year)

$2,376,243,534
===========

*    represents party in interest

**  Cost information is not required for participant-directed investments and, therefore, is not included.

 

 

 

 

 

 

 

 

 

S-24

 


 

 

Exhibit 23

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement No. 333-58526 of Computer Sciences Corporation on Form S-8 of our report dated June 28, 2006, appearing in this Annual Report on Form 11-K of the Computer Sciences Corporation Matched Asset Plan for the year ended December 31, 2005.

/s/Deloitte & Touche LLP
Los Angeles, California
June 28, 2006

 

 

E-1

 

 


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