-----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, FLAmPY1spcusC8XL6SjsdYW2J2Eci4nxS8sL1NJbu52ZfCqQFvznPv8zHX5e9BNc uYoN8ehWgyY1CyQrtU90RQ== 0000948572-02-000053.txt : 20020627 0000948572-02-000053.hdr.sgml : 20020627 20020627131908 ACCESSION NUMBER: 0000948572-02-000053 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011231 FILED AS OF DATE: 20020627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AON CORP CENTRAL INDEX KEY: 0000315293 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 363051915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07933 FILM NUMBER: 02688717 BUSINESS ADDRESS: STREET 1: 123 N WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3127013000 FORMER COMPANY: FORMER CONFORMED NAME: COMBINED INTERNATIONAL CORP DATE OF NAME CHANGE: 19870504 11-K 1 b11kjun02.txt AON CORPORATION SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K __X__ Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2001 OR _____ Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 A. Full title of the plan and the address of the plan, if different from the issuer named below: Aon Savings Plan B. Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office: Aon Corporation 200 E. Randolph Drive Chicago, Illinois 60601 S I G N A T U R E S Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan, by the Plan Administrator, the Committee, has caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of Cook and the State of Illinois on the 25th day of June, 2002. AON SAVINGS PLAN BY THE COMMITTEE /s/ THOMAS STACHURA /s/ JOHN A. RESCHKE - ------------------------ ---------------------- Thomas Stachura John A. Reschke /s/ NANCY GROSS /s/ ROBERT S. HURWITZ - ------------------------ ---------------------- Nancy Gross Robert S. Hurwitz FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE AON SAVINGS PLAN Years Ended December 31, 2001 and 2000 With Report of Independent Auditors Employer Identification Number 36-3051915 Plan # 020 AON SAVINGS PLAN FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE Years ended December 31, 2001 and 2000 CONTENTS Report of Independent Auditors 1 Financial Statements Statement of Assets Available for Benefits at December 31, 2001 2 Statement of Assets Available for Benefits at December 31, 2000 3 Statement of Changes in Assets Available for Benefits for the year ended December 31, 2001 4 Statement of Changes in Assets Available for Benefits for the year ended December 31, 2000 5 Notes to Financial Statements 6 Supplemental Schedule: Schedule H, Line 4i - Schedule of Assets (Held At End of Year) 13 Report of Independent Auditors The Participants and Administrative Committee Aon Savings Plan We have audited the accompanying statements of assets available for benefits of Aon Savings Plan as of December 31, 2001 and 2000, and the related statements of changes in 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 auditing standards generally accepted in the 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. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the assets available for benefits of the Plan at December 31, 2001 and 2000, and the changes in its assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2001, is presented for purposes of additional analysis and is not a required part of the financial statements, but is 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 supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. Chicago, Illinois Ernst & Young LLP June 4, 2002
Employer Plan Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN STATEMENT OF ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 2001 (in thousands) ------------------------------------------------------- ESOP SAVINGS ALLOCATED ASSETS: PLAN ACCOUNT TOTAL ---------------- ---------------- --------------- Investments, at Fair Value: Aon Corporation Common Stock $ 262,108 $ 202,435 $ 464,543 Other Common and Preferred Stocks 5,081 - 5,081 Investments held in Mutual Funds: Aon Money Market Fund 264,987 - 264,987 Aon Government Securities Fund 49,054 - 49,054 Aon Asset Allocation Fund 136,943 - 136,943 Vanguard REIT Index Fund 26,084 - 26,084 Vanguard Admiral Intermediate Term Treasury Fund 12,401 - 12,401 INVESCO Dynamics Fund 21,024 - 21,024 IRT 500 Index Fund 236,815 - 236,815 IRT Core-Balanced Fund 3,773 - 3,773 IRT International Equity Fund 32,212 - 32,212 Dodge & Cox Common Stock Fund 31,868 - 31,868 PIMCO Total Return Fund 14,638 - 14,638 Montag & Caldwell Growth Fund 7,387 - 7,387 Managers Special Equity Fund 13,151 - 13,151 Templeton Emerging Markets Fund 936 - 936 Other Mutual Funds 1,119 - 1,119 Short-Term Investment Funds 1,626 - 1,626 Participant Loans 19,269 - 19,269 ---------------- ---------------- --------------- 1,140,476 202,435 1,342,911 Company Contribution Receivable 26,402 16,257 42,659 ---------------- ---------------- --------------- TOTAL ASSETS AVAILABLE FOR BENEFITS $ 1,166,878 $ 218,692 $ 1,385,570 ================ ================ ===============
See notes to financial statements. - 2 -
Employer Plan Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN STATEMENT OF ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 2000 (in thousands) ------------------------------------------------------- ESOP SAVINGS ALLOCATED ASSETS: PLAN ACCOUNT TOTAL ---------------- ---------------- --------------- Investments, at Fair Value: Aon Corporation Common Stock $ 304,679 $ 199,627 $ 504,306 Other Common and Preferred Stocks 2,828 - 2,828 Investments held in Mutual Funds: Aon Money Market Fund 237,223 - 237,223 Aon Government Securities Fund 40,031 - 40,031 Aon Asset Allocation Fund 168,100 - 168,100 Aon REIT Index Fund 22,991 - 22,991 INVESCO Dynamics Fund 20,165 - 20,165 IRT 500 Index Fund 274,332 - 274,332 IRT Core-Balanced Fund 1,878 - 1,878 IRT International Equity Fund 39,674 - 39,674 Dodge & Cox Common Stock Fund 4,065 - 4,065 PIMCO Total Return Fund 4,064 - 4,064 Montag & Caldwell Growth Fund 3,218 - 3,218 Managers Special Equity Fund 9,268 - 9,268 Templeton Emerging Markets Fund 304 - 304 Vanguard Admiral Intermediate Term Treasury Fund 3,468 - 3,468 Other Mutual Funds 729 - 729 Short-Term Investment Funds 2,573 - 2,573 Participant Loans 20,293 - 20,293 ---------------- ---------------- --------------- 1,159,883 199,627 1,359,510 Company Contribution Receivable 24,253 14,915 39,168 ---------------- ---------------- --------------- TOTAL ASSETS AVAILABLE FOR BENEFITS $ 1,184,136 $ 214,542 $ 1,398,678 ================ ================ ===============
See notes to financial statements. - 3 -
Employer Plan Identification # 36-3051915 Plan #020 AON SAVINGS PLAN STATEMENT OF CHANGES IN ASSETS AVAILABLE FOR BENEFITS YEAR ENDED DECEMBER 31, 2001 (in thousands) ------------------------------------------------------------------------ ESOP SAVINGS ALLOCATED PLAN ACCOUNT TOTAL -------------- -------------- -------------- NET INVESTMENT INCOME (LOSS) Interest Income $ 1,760 $ 2 $ 1,762 Net Realized and Unrealized Appreciation (Depreciation) in Fair Value of Investments (53,748) 6,396 (47,352) Aon Corporation Dividends 7,231 5,212 12,443 Other Dividends 18,464 - 18,464 Management and Administrative Fees (1,817) (162) (1,979) -------------- -------------- -------------- TOTAL NET INVESTMENT INCOME (LOSS) (28,110) 11,448 (16,662) CONTRIBUTIONS Company 26,402 16,257 42,659 Participants 75,186 - 75,186 Rollovers 15,045 - 15,045 -------------- -------------- -------------- TOTAL CONTRIBUTIONS 116,633 16,257 132,890 ALLOCATIONS ESOP Diversification 493 (493) - -------------- -------------- -------------- TOTAL ALLOCATIONS 493 (493) - OTHER CHANGES Benefit Payments (120,094) (23,062) (143,156) Plan Mergers 13,820 - 13,820 -------------- -------------- -------------- TOTAL OTHER CHANGES (106,274) (23,062) (129,336) -------------- -------------- -------------- NET INCREASE (DECREASE) IN ASSETS AVAILABLE FOR BENEFITS (17,258) 4,150 (13,108) ASSETS AVAILABLE FOR BENEFITS AT BEGINNING OF YEAR 1,184,136 214,542 1,398,678 -------------- -------------- -------------- ASSETS AVAILABLE FOR BENEFITS AT END OF YEAR $ 1,166,878 $ 218,692 $ 1,385,570 ============== ============== ==============
See notes to financial statements. - 4 -
Employer Plan Identification # 36-3051915 Plan #020 AON SAVINGS PLAN STATEMENT OF CHANGES IN ASSETS AVAILABLE FOR BENEFITS YEAR ENDED DECEMBER 31, 2000 (in thousands) ------------------------------------------------------------------------ ESOP SAVINGS ALLOCATED PLAN ACCOUNT TOTAL -------------- -------------- -------------- NET INVESTMENT INCOME (LOSS) Interest Income $ 1,555 $ 1 $ 1,556 Net Realized and Unrealized Appreciation (Depreciation) in Fair Value of Investments (84,144) (24,200) (108,344) Aon Corporation Dividends 8,276 5,032 13,308 Other Dividends 39,400 - 39,400 Management and Administrative Fees (1,933) (184) (2,117) -------------- -------------- -------------- TOTAL NET INVESTMENT INCOME (LOSS) (36,846) (19,351) (56,197) CONTRIBUTIONS Company 24,301 14,915 39,216 Participants 59,578 - 59,578 Rollovers 4,861 - 4,861 -------------- -------------- -------------- TOTAL CONTRIBUTIONS 88,740 14,915 103,655 ALLOCATIONS ESOP Diversification 445 (445) - -------------- -------------- -------------- TOTAL ALLOCATIONS 445 (445) - OTHER CHANGES Benefit Payments (116,398) (15,892) (132,290) -------------- -------------- -------------- TOTAL OTHER CHANGES (116,398) (15,892) (132,290) -------------- -------------- -------------- NET DECREASE IN ASSETS AVAILABLE FOR BENEFITS (64,059) (20,773) (84,832) ASSETS AVAILABLE FOR BENEFITS AT BEGINNING OF YEAR 1,248,195 235,315 1,483,510 -------------- -------------- -------------- ASSETS AVAILABLE FOR BENEFITS AT END OF YEAR $ 1,184,136 $ 214,542 $ 1,398,678 ============== ============== ==============
See notes to financial statements. - 5 - Employer Plan Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS Years Ended December 31, 2001 and 2000 1. DESCRIPTION OF PLAN GENERAL The Aon Savings Plan (the Plan) was authorized by the Board of Directors of Aon Corporation (the Company or Plan Sponsor). It is a defined contribution plan with a salary deferral feature and an employee stock ownership (ESOP) feature. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). Effective March 31, 2001, the ASA Savings Plan merged into the Plan and as a result, assets approximating $13.8 million were transferred into the Plan. Certain Plan assets are held by the Aon Funds, an affiliated, open-end management investment company. The assets of the ESOP portion of the Plan are invested primarily in common stock of the Company. Additionally, certain assets are invested by the Trustees as deemed advisable in order for the Plan to meet its cash flow needs. On April 20, 2001, the Company's Board of Directors approved, in principle, a plan to spin off its insurance underwriting business (which include the operations of the Company) to the Company's common stockholders, creating two independent publicly traded companies. The spin-off would take the form of a tax-free stock dividend of the outstanding shares of common stock of Combined Specialty Group, Inc., a new subsidiary of the Company formed in September, 2001 to hold its underwriting business. The transaction requires final Company Board of Director approval and certain insurance regulatory approvals, and is expected to be completed as soon as practicable. The spin-off is not expected to have a material impact on the results of operations or financial position of the Plan. The following description of the Plan provides only general information. Participants of the Plan should refer to the Summary Plan Description for a more complete description of the Plan. - 6 - 1. DESCRIPTION OF PLAN (CONTINUED) ELIGIBILITY AND PARTICIPATION Effective January 1, 2001, employees other than field sales agents or employees scheduled to work less than 20 hours per week are immediately eligible to participate. Prior to January 1, 2001, employees became eligible for participation after attaining 21 years of age and completing one year of service. Participants must complete one year of service to be eligible for company matching contributions. CONTRIBUTIONS PARTICIPANT - Participant contributions are made by means of regular payroll deductions. Non-highly compensated participants, as defined by the Internal Revenue Code (IRC), may elect to make contributions between 1% and 16% of their compensation, as defined by the Plan. Highly compensated participants, as defined by the IRC, may elect to make contributions between 1% and 8% of their compensation, as defined by the Plan. Participant contributions are limited to amounts allowed by the Internal Revenue Service (IRS). Accordingly, the maximum participant contribution was $10,500 in 2001 and 2000. COMPANY - The Company contributes an amount equal to 100% of the first 3% of a participant's compensation that a participant contributes to the Plan. The Company makes a further contribution to the ESOP portion of the Plan equal to 75% (50% for field sales agents) of the next 3% of compensation that is contributed to the Plan. In 2001 and 2000, this contribution was made in shares of common stock of the Company. The Plan requires that a participant be actively employed and contributing to the Plan as of the last day of the Plan year in order to receive a Company contribution. Contributions to the ESOP portion of the Plan are automatically invested in common stock of the Company. INVESTMENT OPTIONS Contributions to the Plan, other than for the ESOP portion, may be invested in any of the various investment alternatives offered by the Plan in any whole percentages. Additionally, beginning in 2000, a Self-Managed Account was offered whereby participants can invest their self-directed contributions in various stock and mutual funds. - 7 - 1. DESCRIPTION OF PLAN (CONTINUED) PARTICIPANT ACCOUNTS Each participant's account is credited with the participant's contribution and a) an allocation of the Company's contributions, b) an allocation of Plan earnings, and c) an allocation of forfeitures of terminated participants' non-vested accounts. The benefit to which a participant is entitled is the benefit that can be provided from the participant's account. VESTING For the ESOP portion of the Plan, a participant vests in 20% increments and becomes 100% vested after completion of five years of plan service. Forfeitures of non-vested accounts are allocated to the remaining participants. The amount of forfeitures allocated to participants was $673,000 and $1,221,000 of the Company's common stock in 2001 and 2000, respectively. For the non-ESOP portion of the Plan, participants are fully vested in their contributions plus actual earnings thereon. Participants become 100% vested in the remainder of their account balance after five years of plan service, according to a graded schedule. Forfeitures of non-vested accounts are allocated to the remaining participants. The amount of forfeitures allocated to participants was $833,000 and $947,000 for 2001 and 2000, respectively. BENEFIT PAYMENTS For the ESOP portion of the Plan, a participant's entire account shall be paid to the participant or designated beneficiary in a lump sum upon normal retirement, permanent disability or death. The participant may elect payment in the form of Company common stock or cash. For the non-ESOP portion, on termination of service, a participant may elect to receive either a lump sum amount equal to the value of his or her account and/or monthly installments over a period not to exceed ten years. PLAN TERMINATION Although it has not expressed any intent to do so, the Company has 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, participants will become 100% vested in their accounts. - 8 - 1. DESCRIPTION OF PLAN (CONTINUED) PARTICIPANT LOANS Under the loan provision of the Plan, each participant is permitted one loan in a twelve month period and the outstanding balance of all loans made to a participant may not exceed the lesser of $50,000 or 50% of the vested portion of the participant's account excluding the ESOP portion of the account. The interest rate for each loan is equal to 1% plus the prime rate as quoted in The Wall Street Journal for the last day of the month preceding the loan request. Loans are made for a period of up to five years, except for residential loans that have a fixed repayment period of ten years. 2. SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements of the Plan are prepared on an accrual basis in accordance with accounting principles generally accepted in the United States. INVESTMENT VALUATION AND INCOME RECOGNITION Investments are carried at fair value, which for marketable securities is based on quotations obtained from national securities exchanges and various other sources. Participant loans are valued at their outstanding balances which approximates fair value. Interest income is recorded as earned. Dividend income is recorded on the ex-dividend date. Realized gains or losses on investments are the difference between the proceeds received and the cost of investments sold as determined on a first-in, first-out basis. The change in the difference between fair value and the cost of investments is reported as unrealized appreciation or depreciation of investments. ADMINISTRATIVE EXPENSES Administrative expenses of the Plan, including expenses of the Trustees, are paid from the Plan assets, except to the extent that the Company, at its discretion, may decide to pay such expenses. The Company did not pay any Plan expenses in 2001 or 2000. There were no expenses paid to subsidiaries of the Company in 2001 or 2000. - 9 - 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) USE OF ESTIMATES The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. RECLASSIFICATIONS Certain amounts in the 2000 financial statements have been reclassified to conform with the 2001 presentation. 3. INVESTMENTS Institutional Trust Company (ITC) is custodian of the Plan assets and Trustee for all Plan assets except the ESOP shares. For the ESOP shares, members of the Company's management are the trustees. The Trustees are named fiduciaries under ERISA. As used herein, Trustee refers to the ITC and Company's management individually and collectively. - 10 - 3. INVESTMENTS (CONTINUED) During 2001 and 2000 the Plan's investments (including investments bought, sold and held during the year) appreciated (depreciated) in fair value as follows (in thousands):
December 31 2001 2000 --------------------------------------------------------------------- Net Realized Net Realized and Unrealized and Unrealized Appreciation Appreciation (Depreciation) (Depreciation) in Fair Value in Fair Value of Investments of Investments Fair During Fair During Value the Year Value the Year --------------------------------------------------------------------- Investments, at fair value: Common Stock: Aon Corporation $ 464,543 $ 20,634 $ 504,306 $ (59,563) Other Common Stocks 5,081 (1,471) 2,828 (700) Investments in Mutual Funds: Aon Money Market Fund 264,987 - 237,223 - Aon Government Securities Fund 49,054 (163) 40,031 2,452 Aon Asset Allocation Fund 136,943 (19,660) 168,100 (13,285) Aon REIT Index Fund - 1,645 22,991 3,177 Vanguard REIT Index Fund 26,084 595 - - IRT 500 Index Fund 236,815 (33,867) 274,332 (29,266) IRT International Equity Fund 32,212 (5,836) 39,674 (4,566) INVESCO Dynamics Fund 21,024 (7,776) 20,165 (4,236) IRT Core-Balanced Fund 3,773 (169) 1,878 (44) Dodge & Cox Stock Fund 31,868 316 4,065 (119) PIMCO Total Return Fund 14,638 (168) 4,064 81 Montag & Caldwell Growth Fund 7,387 (375) 3,218 (235) Managers Special Equity Fund 13,151 (734) 9,268 (1,852) Templeton Emerging Markets Fund 936 (56) 304 (16) Vanguard Admiral Intermediate Term Treasury Fund 12,401 52 3,468 88 Other Mutual Funds 1,119 (319) 729 (260) Short-Term Investment Funds 1,626 - 2,573 - --------------------------------------------------------------------- Total $ 1,323,642 $ (47,352) $ 1,339,217 $ (108,344) ---------------------------------------------------------------------
- 11 - 3. INVESTMENTS (CONTINUED) The fair value of individual investments that represent 5% or more of the Plan's assets is as follows (in thousands):
December 31 ----------------------------------- 2001 2000 ---- ---- Aon Corporation, Common Stock $ 464,899* $ 504,324* Investments held in Mutual Funds: Aon Money Market Fund 264,987 237,223 Aon Asset Allocation Fund 136,943 168,100 IRT 500 Index Fund 236,815 274,332 * Includes $202,435 and $199,627 of non-participant directed investments in 2001 and 2000, respectively.
4. INCOME TAX STATUS The Plan has received a determination letter from the IRS dated April 10, 1995, stating that the Plan is qualified under section 401(a) of the IRC and, therefore, the related trust is exempt from taxation. Subsequent to this issuance of the determination letter, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualification. The Plan Administrative Committee believes the Plan is being operated in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan, as amended, is qualified and the related trust is tax exempt. - 12 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 Number of Shares Current Value ---------------- ------------- Identity of Issuer Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ AON COMMON STOCK FUND - --------------------- COMMON STOCK Aon Corporation Common Stock, 1.00 par* 7,252,319 $ 262,108 ============== MONEY MARKET FUND - ----------------- MUTUAL FUND Investments held in the Aon Money Market Fund* 264,986,899 $ 264,987 ============== GOVERNMENT SECURITIES FUND - -------------------------- MUTUAL FUND Investments held in the Aon Government Securities Fund* 4,818,646 $ 49,054 ============== TOTAL RETURN FUND - ----------------- MUTUAL FUND Investments held in the Aon Asset Allocation Fund* 10,128,881 $ 136,943 ============== COMMON STOCK INDEX FUND - ----------------------- MUTUAL FUND Investments held in the IRT 500 Index Fund 8,484,943 $ 236,815 ==============
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Identity of Issuer Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ REAL ESTATE SECURITIES FUND - --------------------------- MUTUAL FUND Investments held in the Vanguard REIT Index Fund 2,150,396 $ 26,084 ============== INVESCO DYNAMICS FUND - --------------------- MUTUAL FUND Investments held in the INVESCO Dynamics Fund 1,319,748 $ 21,024 ============== IRT CORE-BALANCED FUND - ---------------------- MUTUAL FUND Investments held in the IRT Core-Balanced Fund 407,942 $ 3,773 ============== DODGE & COX COMMON STOCK FUND - ----------------------------- MUTUAL FUND Investments held in the Dodge & Cox Common Stock Fund 317,063 $ 31,868 ============== PIMCO TOTAL RETURN FUND - ----------------------- MUTUAL FUND Investments held in the PIMCO Total Return Fund 1,399,468 $ 14,638 ==============
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ MONTAG & CALDWELL GROWTH FUND - ----------------------------- MUTUAL FUND Investments held in the Montag & Caldwell Growth Fund 302,761 $ 7,387 ============== MANAGERS SPECIAL EQUITY FUND - ---------------------------- MUTUAL FUND Investments held in the Managers Special Equity Fund 186,278 $ 13,151 ============== TEMPLETON EMERGING MARKETS FUND - ------------------------------- MUTUAL FUND Investments held in the Templeton Emerging Markets Fund 115,853 $ 936 ============== VANGUARD ADMIRAL INTERMEDIATE TERM - ---------------------------------- TREASURY FUND ------------- MUTUAL FUND Investments held in the Vanguard Admiral Intermediate Term Treasury Fund 1,124,290 $ 12,401 ============== IRT INTERNATIONAL EQUITY FUND - ----------------------------- MUTUAL FUND Investments held in the IRT International Equity Fund 1,802,592 $ 32,212 ==============
- 15 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ ESOP ALLOCATED FUND - -------------------- COMMON STOCK Aon Corporation Common Stock, 1.00 par* 5,642,700 $ 81,285 $ 202,435 ============= ============== OTHER COMMON AND PREFERRED STOCKS AND MUTUAL FUNDS (SELF-MANAGED FUNDS) - ----------------------------------------------------------------------- COMMON STOCK ACT Manufacturing Inc. Common Stock 2,250 $ 1 AES Corp. Common Stock 200 3 AOL Time Warner Inc. Common Stock 3,450 111 AT & T Corp. Common Stock 1,905 35 AT & T Wireless Services Inc. Common Stock 610 9 Abbott Laboratories Common Stock 592 33 Abgenix Inc. Common Stock 400 13 ACLN Ltd. Common Stock 400 4 Active Power Inc. Common Stock 100 1 Adaptive Broadband Corp. Common Stock 100 **
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Adelphia Business Solutions Inc. Common Stock 250 $ ** Adept Technology Inc. Common Stock 1,000 4 Adobe Systems Inc. Common Stock 17 1 Advanced Micro Devices Inc. Common Stock 3,300 52 Agere Systems Inc. Common Stock 1,000 6 Agilent Tech Inc. Common Stock 100 3 Akamai Tech Common Stock 100 1 Akorn Inc. Common Stock 100 ** Allen Telecom Inc. Commmon Stock 950 8 Allos Therapeutics Inc. Common Stock 1,000 7 Altera Corp. Common Stock 25 1 Amazon.com Inc Common Stock 100 1 American Express Co. Common Stock 350 13 American Home Mortgage Holdings Inc. Common Stock 100 1 American International Group Inc. Common Stock 1,913 152
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ American Power Conversion Corp. Common Sock 600 $ 9 American Superconductor Corp. Common Stock 625 8 Ameristar Casino Inc. Common Stock 100 3 Amylin Pharmeceuticals Inc. Common Stock 3,500 32 Analog Devices Inc. Common Stock 10 ** Andrew Corp. Common Stock 200 4 Aon Corp.* Common Stock 10,013 356 Applera Corp. Common Stock 310 8 Applied Materials Inc. Common Stock 423 17 Applied Micro Circuits Corp. Common Stock 424 5 Ariba Inc. Common Stock 2,110 13 Asia Global Crossing Ltd. Common Stock 2,000 2 Asyst Technologies Inc. Common Stock 300 4 Atmel Corp. Common Stock 2,200 16 Avanex Corp. Common Stock 375 2
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Avaya Inc. Common Stock 200 $ 2 Avici Systems Inc. Common Stock 30 ** Avocent Corp. Common Stock 100 2 Aware Inc. Common Stock 1,000 8 Axcelis Technologies Inc. Common Stock 75 1 BP Amoco PLC Common Stock 175 8 BMC Software Inc. Common Stock 700 12 Ballard Power Systems Inc. Common Stock 300 9 BEA Systems Inc. Common Stock 58 1 Best Buy Inc. Common Stock 250 19 Bio Technology Gen Corp. Common Stock 100 1 Biogen Inc. Common Stock 20 1 Boeing Co. Common Stock 650 25 Boyd Gaming Corp. Common Stock 150 1 Bradlees Inc. Common Stock 3,000 **
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Broadcom Corp. Common Stock 590 $ 24 Broadvision Inc. Common Stock 1,025 3 Brocade Communications Systems Inc. Common Stock 484 16 CDW Computer Centers Common Stock 660 36 CMG Information Services Inc. Common Stock 800 1 CVS Corp. Common Stock 175 5 Cable & Wireless PLC Common Stock 900 13 Cadiz Inc. Common Stock 500 4 Callaway Golf Co. Common Stock 100 2 Calpine Corp. Common Stock 580 10 Carreker Antinori Inc. Common Stock 14,000 83 Catalyst Semiconductor Inc. Common Stock 200 1 Cell Pathways Inc. Common Stock 300 2 Cedant Corp. Common Stock 1,000 20 Centura Software Corp. Common Stock 4,195 **
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Century Casinos Inc. Common Stock 300 $ 1 Chesterfield Financial Corp. Common Stock 743 12 Christopher & Banks Corp. Common Stock 375 13 Ciena Corp. Common Stock 645 9 Cisco Systems Inc. Common Stock 10,084 183 Citigroup Inc. Common Stock 2,476 125 Citrix Systems Inc. Common Stock 600 14 Coca Cola Company Common Stock 50 2 Cognizant Tech Solutions Corp. Common Stock 20 1 Cognos Inc. Common Stock 200 5 Commerce One Inc. Common Stock 65 ** Conductus Inc. Common Stock 1,000 3 Conseco Inc. Common Stock 1,000 4 Consolidated Edison Holding Company Common Stock 60 2 Copper Mountain Networks Inc. Common Stock 700 1
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Corixa Corp. Common Stock 100 $ 2 Corning Inc. Common Stock 4,003 36 Corvis Corp. Common Stock 2,650 9 Covad Communications Group Inc. Common Stock 500 1 Cree Resh Inc. Common Stock 114 3 Critical Path Inc. Common Stock 875 2 Cyber Care Inc. Common Stock 2,500 2 Cypress Semiconductor Corp. Common Stock 233 5 Cytogen Corp. Common Stock 7,350 22 DCH Technology Inc. Common Stock 9,214 5 DMC Stratex Networks Inc. Common Stock 80 1 DJ Orthopedics Inc. Common Stock 125 2 Darden Restaurants Common Stock 150 5 Dean Foods Co. Common Stock 35 2 Dell Computer Corp. Common Stock 3,400 92
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Diebold Inc. Common Stock 100 $ 4 Digital Lightwave Inc. Common Stock 1,300 12 Diodes Inc. Common Stock 500 3 Walt Disney Company Common Stock 95 2 Ditech Comms Corp. Common Stock 300 2 Doral Financial Corp. Common Stock 50 2 Doubleclick Inc. Common Stock 200 2 Dow Chemical Co. Common Stock 400 14 Downey Financial Corp. Common Stock 100 4 Drugstore.com Inc. Common Stock 5,000 10 Duke Energy Corp. Common Stock 150 6 Dynegy Inc. Common Stock 200 5 EMC Corp. Common Stock 7,511 101 Earthlink Inc. Common Stock 400 5 Eaton Vance Corp. Common Stock 100 4
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ EBAY Inc. Common Stock 100 $ 7 Echostar Communications Common Stock 100 3 Electric Lightwave Inc. Common Stock 250 ** eMachines Inc. Common Stock 1,582 2 Emulex Corp. Common Stock 350 14 Enron Corp. Common Stock 14,450 9 Ericksson L M Telephone Co. Common Stock 1,030 5 Excel Technologies Inc. Common Stock 50 1 Exegenics Inc. Common Stock 500 2 Exodus Communications Inc. Common Stock 4,815 ** Extreme Networks Inc. Common Stock 338 4 F5 Networks Inc. Common Stock 100 2 Flextronics International Inc. Common Stock 937 22 Focal Communications Corp. Common Stock 750 ** Ford Motor Co. Common Stock 1,000 16
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Forest Laboratories Inc. Common Stock 280 $ 23 Foundry Networks Inc. Common Stock 150 1 Fuelcell Energy Inc. Common Stock 150 3 Gabelli Equity Trust Inc. Common Stock 20 ** Gallagher Arthur J & Co. Common Stock 100 3 Gateway Inc. Common Stock 1,400 11 Genentech Inc. Common Stock 500 27 General Electric Co. Common Stock 1,771 71 Gilat Satellite Networks Ltd. Common Stock 1,000 5 Gillette Company Common Stock 1,000 33 Glaxo Wellcome PLC Common Stock 300 15 Global Crossing Ltd. Common Stock 3,485 3 Globalstar Telecom Ltd. Common Stock 750 ** Globix Corp. Common Stock 1,000 ** Goamerica Inc. Common Stock 1,000 2
- 25 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Gorman Rupp Co. Common Stock 50 $ 1 Grainger W W Inc. Common Stock 160 8 Guidant Corp. Common Stock 88 4 HNC Software Inc. Common Stock 75 2 H Power Corp. Common Stock 150 ** Halliburton Co. Common Stock 30 ** Handspring Inc. Common Stock 346 2 Hansen Natural Corp. Common Stock 6,410 27 Harley Davidson Inc. Common Stock 500 27 Harmonic Lightwaves Inc. Common Stock 200 2 Headwaters Inc. Common Stock 34 ** Henley Healthcare Inc. Common Stock 2,860 ** Herbalife International Common Stock 300 4 Hewlett-Packard Co. Common Stock 150 3 Hispanic Broadcasting Corp. Common Stock 300 8
- 26 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Home Depot Inc. Common Stock 100 $ 5 Honeywell International Inc. Common Stock 18 1 Hyperfeed Technologies Inc. Common Stock 20,150 13 Inkine Pharmaceutical Company Inc. Common Stock 4,500 7 Inktomi Corp. Common Stock 450 3 Intel Corp. Common Stock 9,075 285 Interland Inc. Common Stock 200 ** IBM Common Stock 100 12 International Rectifier Corp. Common Stock 8,500 10 Invsion Tech Inc. Common Stock 75 2 ISHARES Inc. Common Stock 60 3 Isonics Corp. Common Stock 1,000 1 I2 Tech Inc. Common Stock 1,250 10 Ivax Corp. Common Stock 500 10 JDS Uniphase Corp. Common Stock 4,555 40
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Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ JMAR Industries Inc. Common Stock 29,250 $ 87 JP Morgan Chase Common Stock 700 25 Jabil Circuit Inc. Common Stock 326 7 Johnson & Johnson Common Stock 765 45 Jones Apparel Group Common Stock 775 26 Juniper Networks Inc. Common Stock 648 12 Kla-Tencor Corp. Common Stock 50 2 K-Mart Corp. Common Stock 210 1 Kimberly Clark Corp. Common Stock 50 3 Krispy Kreme Doughnuts Inc. Common Stock 8 ** Kyocera Common Stock 25 2 LSI Logic Corp. Common Stock 250 4 Legg Mason Common Stock 100 5 Leucadia National Corp. Common Stock 100 3 Level 3 Communications Inc. Common Stock 130 1
- 28 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Liberty Media Corp. Common Stock 100 $ 1 Lightpath Technologies Inc. Common Stock 200 1 Eli Lily & Co. Common Stock 100 8 Linear Technology Corp. Common Stock 200 8 Littlefield Corp. Common Stock 700 2 Lockheed Martin Corp. Common Stock 31 1 Loral Space & Communications Ltd. Common Stock 3,080 9 Lucent Technologies Inc. Common Stock 14,574 92 Lynch Corp. Common Stock 25 ** Magal Security Systems Ltd. Common Stock 300 4 Mapinfo Corp. Common Stock 29 ** Marconi PLC Common Stock 2,000 2 Marsh & McLennan Cos. Common Stock 150 16 Matritech Inc. Common Stock 500 1 Mattel Inc. Common Stock 325 6
- 29 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ McData Corp. Common Stock 27 $ 1 McDonald's Corp. Common Stock 100 3 McKesson Inc. Common Stock 100 4 McLeod Inc. Common Stock 2,900 1 Merck & Co. Common Stock 115 7 Mercury Interactive Corp. Common Stock 16 1 Merrill Lynch & Co. Common Stock 300 16 MetLife Inc. Common Stock 100 3 Metro One Telecom Inc. Common Stock 20 1 Metromedia Fiber Network Inc. Common Stock 63 ** Microsoft Corp. Common Stock 4,720 313 Micromuse Inc. Common Stock 300 5 Micron Technology Common Stock 40 1 Midland Co. Common Stock 100 4 Millenium Pharmaceuticals Inc. Common Stock 300 7
- 30 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Mirant Corp. Common Stock 150 $ 2 Motorola Inc. Common Stock 23,500 353 NASDAQ 100 Trust Common Stock 2,810 109 National City Corp. Common Stock 275 8 Neon Communications Inc. Common Stock 250 1 Network Appliance Corp. Common Stock 517 11 Newmont Mining Corp. Common Stock 100 2 Nexell Therapeutics Inc. Common Stock 100 ** Nextel Communications Inc. Common Stock 1,100 12 99 Cent Only Stores Common Stock 30 1 Nisource Inc. Common Stock 300 7 Nissan Motor Ltd. Common Stock 2,004 22 Nokia Corp. Common Stock 3,430 84 Noble Drilling Corp. Common Stock 50 2 Nortel Networks Corp. Common Stock 1,650 12
- 31 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Northern Trust Corp. Common Stock 9 $ 1 Northpoint Communications Holdings Inc. Common Stock 1,000 ** Novartis AG Common Stock 20 1 Novell Inc. Common Stock 600 3 Numerical Technologies Inc. Common Stock 100 4 Nvidia Corp. Common Stock 82 6 OTG Software Inc. Common Stock 114 1 Office Depot Inc. Common Stock 25 ** Onvia.com Inc. Common Stock 3,500 2 Oracle Corp. Common Stock 7,249 100 Orckit Communications Ltd. Common Stock 2,000 6 PMC-Sierra Inc. Common Stock 334 7 PAC-West Telecom Inc. Common Stock 500 ** Packeteer Inc. Common Stock 400 3 Palm Inc. Common Stock 1,739 7
- 32 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Panaco Inc. Common Stock 8,000 $ 7 Panera Bread Co. Common Stock 50 3 Parametric Tech Corp. Common Stock 900 7 Paxar Corp. Common Stock 100 1 Peoplesoft Inc. Common Stock 17 1 Pep Boys Manny Moe & Jack Common Stock 300 5 Pfizer Inc. Common Stock 1,297 52 Philip Morris Cos. Common Stock 100 5 Placer Dome Inc. Common Stock 160 2 Power One Inc. Common Stock 410 4 Priceline.com Inc. Common Stock 3,027 18 Proctor & Gamble Co. Common Stock 50 4 PSInet Inc. Common Stock 1,720 ** Purchasepro.com Inc. Common Stock 530 1 Qlogic Corp. Common Stock 17 1
- 33 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Qualcomm Inc. Common Stock 222 $ 11 Questar Corp. Common Stock 100 3 RF Micro Devices Inc. Common Stock 33 1 Radisys Corp. Common Stock 100 2 Rainmaker Systems Inc. Common Stock 19,000 5 Rare Medium Group Inc. Common Stock 100 ** Razorfish Inc. Common Stock 100,000 22 Red Hat Inc. Common Stock 200 1 Redback Networks Inc. Common Stock 17 ** Riviana Foods Inc. Common Stock 90 2 SBC Communications Common Stock 275 11 S&P 500 Depository Receipt Common Stock 79 9 Safeway Inc. Common Stock 105 4 St. Paul Cos. Inc. Common Stock 100 4 Salton/Maxim Housewares Inc. Common Stock 500 9
- 34 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Sanmina Corp. Common Stock 318 $ 6 Schering Plough Corp. Common Stock 450 16 Schwab Charles Corp. Common Stock 130 2 Scios Inc. Common Stock 375 9 Sears Roebuck & Co. Common Stock 100 5 Spectre SPDR Trust-Consumer Services Common Stock 100 3 Spectre SPDR Trust-Technology Common Stock 100 2 Semtech Corp. Common Stock 52 2 Sicor Inc. Common Stock 30 ** Siebel Systems Inc. Common Stock 277 8 Silicon Storage Technologies Inc. Common Stock 2,000 19 Simula Inc. Common Stock 500 3 Solectron Corp. Common Stock 52 1 Sorrento Networks Corp. Common Stock 125 ** Southwest Airlines Co. Common Stock 1,000 19
- 35 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Spectralink Corp. Common Stock 900 $ 15 Sun Microsystems Inc. Common Stock 7,081 87 Superconductor Technologies Inc. Common Stock 1,500 10 Sycamore Networks Inc. Common Stock 116 1 Syncor International Corp. Common Stock 100 3 Sysco Corp. Common Stock 300 8 Taiwan Semiconductor Manufacuring Co. Common Stock 700 12 Talk America Holdings Inc. Common Stock 1,000 ** Tellabs Inc. Common Stock 1,400 21 Tenet Healthcare Corp. Common Stock 30 2 Texas Instruments Inc. Common Stock 2,786 78 Tioga Technologies Ltd. Common Stock 2,000 1 Textron Inc. Common Stock 100 4 Trans World Airlines Inc. Common Stock 259 ** Transmeta Corp. Common Stock 500 1
- 36 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Transwitch Corp. Common Stock 53 $ ** Triquint Semiconductor Inc. Common Stock 325 4 Trump Hotels & Casino Resorts Common Stock 4,000 5 Tyco International Ltd. Common Stock 100 6 UAL Corp. Common Stock 550 7 US Bancorp Common Stock 100 2 Unilever NV Common Stock 40 2 Unit Corp. Common Stock 1,000 13 United Rentals Inc. Common Stock 100 2 US Airways Group Inc. Common Stock 500 3 Utstarcom Inc. Common Stock 200 6 VA Linux Systems Inc. Common Stock 1,200 3 Veritas Software Corp. Common Stock 256 11 Verisign Inc. Common Stock 20 1 Verticalnet Inc. Common Stock 1,100 2
- 37 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Vishay Intertech Inc. Common Stock 100 $ 2 Visual Networks Inc. Common Stock 555 3 Vitesse Semiconductor Corp. Common Stock 110 1 Wal-mart Stores Inc. Common Stock 940 54 Walgreen Company Common Stock 500 17 Washington Mutual Inc. Common Stock 95 3 Watson Pharmaceuticals Inc. Common Stock 100 3 Webvan Group Inc. Common Stock 500 ** Western Digital Corp. Common Stock 2,000 13 Williams Communications Group Inc. Common Stock 2,886 7 Williams Cos. Inc. Common Stock 970 25 Wind River Systems Inc. Common Stock 20 ** Winstar Communications Inc. Common Stock 4,500 ** Worldcom Inc. Common Stock 2,700 38 Worldcom Inc. (MCI Group) Common Stock 112 1
- 38 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Worthington Industries Inc. Common Stock 40 $ 1 XO Communications Inc. Common Stock 6,145 ** Xilinx Inc. Common Stock 419 16 Xerox Corp. Common Stock 70 1 Yahoo Inc. Common Stock 120 2 Zimmer Holdings Inc. Common Stock 352 11 $ 5,069 ============== PREFERRED STOCK Sealed Air Corp. Preferred Stock 300 $ 12 ============== OTHER MUTUAL FUNDS American Century Small Cap Value Fund Mutual Fund 1,021 $ 8 American Century 20th Century International Growth Fund Mutual Fund 558 4 Ameristock Focused Value Fund Mutual Fund 45 1 Ameristock Mutual Fund Mutual Fund 25 1 Ariel Appreciation ClassB Fund Mutual Fund 28 1 Artisan International Fund Mutual Fund 631 12
- 39 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Artisan Mid Cap Fund Mutual Fund 255 $ 7 Berger Mid Cap Value Fund Mutual Fund 77 1 Berkshire Focus Fund Mutual Fund 3,177 30 Black Oak Emerging Technology Fund Mutual Fund 261 1 Boston Partners Small Cap Value Fund Mutual Fund 147 3 Bridgeway Agressive Growth Fund Mutual Fund 61 2 Brown Capital Mgmt. Small Company Fund Mutual Fund 32 1 Buffalo Small Cap Growth Fund Mutual Fund 429 9 Clipper Fund Mutual Fund 25 2 Credit Suisse Capital Appreciation Fund Mutual Fund 308 6 Dresdner RCM Biotechnology Fund Mutual Fund 578 16 Dresdner RCM Global Health Care Fund Mutual Fund 488 10 Dresdner RCM Global Technology Fund Mutual Fund 107 3 Excelsior Energy & Natural Resources Fund Mutual Fund 625 8 Fidelity Diversified International Fund Mutual Fund 1,196 23
- 40 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Fidelity Mid Cap Stock Fund Mutual Fund 149 $ 3 Fidelity Growth Company Fund Mutual Fund 8 ** Fidelity Value Fund Mutual Fund 605 31 Firsthand Technology Value Fund Mutual Fund 194 8 Firsthand Technology Leaders Fund Mutual Fund 30 1 Firsthand Technology Innovator Fund Mutual Fund 79 1 Harbor Capital Appreciation Fund Mutual Fund 100 3 Icon Energy Fund Mutual Fund 228 3 INVESCO Dynamics Fund Mutual Fund 179 3 INVESCO Technology Fund Mutual Fund 144 5 Janus Investment Growth & Income Fund Mutual Fund 34 1 Janus Investment Equity Income Fund Mutual Fund 57 1 Kopp Emerging Growth Class A Fund Mutual Fund 3,994 47 Liberty Acorn USA Class Z Fund Mutual Fund 163 3 Longleaf Partners Fund Mutual Fund 576 14
- 41 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ Loomis Sayles Aggressive Growth Fund Mutual Fund 4,029 $ 66 LTRA Bull Pro Fund Mutual Fund 18 1 Meridian Value Fund Mutual Fund 41 1 Needham Growth Fund Mutual Fund 104 3 Oakmark Balanced Fund Mutual Fund 55 1 Oakmark Fund Mutual Fund 426 15 Oakmark Select Class II Fund Mutual Fund 193 5 Oakmark Select Fund Mutual Fund 2,020 55 OTC Pro Fund Mutual Fund 105 7 Pin Oak Aggressive Stock Fund Mutual Fund 40 1 Red Oak Technology Select Fund Mutual Fund 232 2 PBHG Select Equity Fund Mutual Fund 2 38 PBHG Clipper Focus Fund Mutual Fund 136 2 PBHG Large Cap 20 Fund Mutual Fund 2,930 48 PIMCO Short Term Fund Mutual Fund 10,424 105
- 42 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ PIMCO Total Return Fund Mutual Fund 2,047 $ 21 PIMCO Real Return Bond Fund Mutual Fund 1,990 20 T. Rowe Price Health Sciences Fund Mutual Fund 52 1 RS Diversified Growth Fund Mutual Fund 31 1 T. Rowe Price Financial Services Fund Mutual Fund 524 10 T. Rowe Price Mid Cap Growth Fund Mutual Fund 618 24 T. Rowe Price Small Cap Stock Fund Mutual Fund 1,043 27 Royce Low Priced Stock Fund Mutual Fund 452 5 Rydex Nova Fund Mutual Fund 38 1 Select Biotechnology Fund Mutual Fund 66 4 Select Brokerage & Investment Mgmt. Fund Mutual Fund 177 8 Select Defense & Aerospace Fund Mutual Fund 64 3 Selected American Shares Fund Mutual Fund 336 10 State Street Research Aurora Class D Fund Mutual Fund 69 2 Strong Opportunity Income Fund Mutual Fund 590 23
- 43 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ TCW Galileo Value Opportunity Fund Mutual Fund 237 $ 5 Value Line Special Situations Income Fund Mutual Fund 72 1 Van Wagoner Income Post Venture Fund Mutual Fund 4,069 41 Vanguard International Growth Portfolio Fund Mutual Fund 1,435 22 Vanguard Short Term Federal Fund Mutual Fund 10,323 108 Vanguard S&P 500 Index Portfolio Fund Mutual Fund 246 26 Wasatch Aggressive Equity Fund Mutual Fund 636 22 Wasatch Mid Cap Fund Mutual Fund 17 ** Wasatch Micro Cap Value Fund Mutual Fund 6,076 25 Weitz Partners Value Fund Mutual Fund 50 1 Weitz Value Fund Mutual Fund 2 75 Westport Fund Mutual Fund 88 1 White Oak Growth Stock Fund Mutual Fund 24 1 Muhlenkamp Fund Mutual Fund 20 1 HRPT Property Trust Mutual Fund 500 5
- 44 -
Employer Identification # 36-3051915 Plan # 020 AON SAVINGS PLAN Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) December 31, 2001 (continued) Number of Shares Current Value ---------------- ------------- Principal Amount (thousands) - ------------------------------------------------------------------------------------------------------------------ KIMCO Realty Trust Mutual Fund 75 $ 2 $ 1,119 ============== STATE STREET SHORT-TERM INVESTMENT FUND Short-Term Investment Fund 1,625,688 $ 1,626 ============== PARTICIPANT LOANS (5.8%-11.7%) - $ 19,269 ============== $ 1,342,911 ============== * Party in interest transaction not prohibited by ERISA. ** Current value of investment is less than $500.
- 45 - CONSENT OF INDEPENDENT AUDITORS We consent to the incorporation by reference in the Registration Statements (Form S-8 No. 33-27894) pertaining to the Aon Savings Plan of Aon Corporation of our report dated June 4, 2002, with respect to the financial statements and schedule of the Aon Savings Plan included in this annual report (Form 11-K) for the year ended December 31, 2001. Chicago, Illinois Ernst & Young LLP June 26, 2002 June 25, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 RE: REPORT ON FORM 11-K FOR THE AON SAVINGS PLAN REGISTRANT: AON CORPORATION COMMISSION FILE NO.: 1-7933 Gentlemen and Ladies: Enclosed with this EDGAR transmission is the above referenced Form 11-K for the Aon Savings Plan. Please contact the undersigned at 312/701-3835 if you have any questions. Very truly yours, /S/ RICHARD E. BARRY Richard E. Barry Senior Counsel REB/dcd Enclosures -----END PRIVACY-ENHANCED MESSAGE-----