-----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, JZ0Oi2U4U8EwwDbREYTg9dkdG14i6bCKZLTvFW7HnozX9lzLmSOJBM57ror/6AyM eXPXm8YehBTxpysr+/bRKw== 0000033073-01-500004.txt : 20010330 0000033073-01-500004.hdr.sgml : 20010330 ACCESSION NUMBER: 0000033073-01-500004 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20010329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VISKASE COMPANIES INC CENTRAL INDEX KEY: 0000033073 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 952677354 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 000-05485 FILM NUMBER: 1584356 BUSINESS ADDRESS: STREET 1: 6855 W. 65TH ST. CITY: CHICAGO STATE: IL ZIP: 60638 BUSINESS PHONE: 7084964200 FORMER COMPANY: FORMER CONFORMED NAME: ENVIRODYNE INDUSTRIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MGN INC DATE OF NAME CHANGE: 19790425 11-K 1 visret11k.txt VISKASE RETIREMENT U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K SEC FILE NUMBER: 0-5485 ---------- CUSIP NUMBER: 294037-20-5 ---------- (Check One): [ } Form 10-K and Form 10-KSB [ ] Form 20-F [X] Form 11-K [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR As of December 31, 1999 and 1998 [ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form N-SAR For the Transition Period Ended: Read Attached Instruction Sheet Before Preparing Form. Please print or type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. ---------- If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates: ---------- Part I - Registrant Information Viskase Companies, Inc. - ------------------------------------------------------------------------------- Full Name of Registrant Envirodyne Industries, Inc. - ------------------------------------------------------------------------------- Former Name if Applicable 6855 West 65th Street - ------------------------------------------------------------------------------- Address of Principal Executive Office (Street and Number) Chicago, Illinois 60638 - ------------------------------------------------------------------------------- City, State and Zip Code Part IV - Other Information (1) Name and telephone number of person to contact in regard to this notification Gordon S. Donovan 708 496-4200 - ------------------------------------------------------------------------------- (Name) (Area Code) (Telephone Number) (2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). [X] Yes [ ] No (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [ ] Yes [X] No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. Viskase Companies, Inc. - ------------------------------------------------------------------------------- (Name of Registrant as Specified in Charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: by: /s/ Gordon S. Donovan -------------------- ------------------------------------- Vice President, Chief Financial Officer and Treasurer The Retirement Program for Employees of Viskase Corporation Report on Audits of Financial Statements and Supplemental Schedules As of December 31, 1999 and 1998 The Retirement Program for Employees of Viskase Corporation Index to Financial Statements and Supplemental Schedules - ----------------------------------------------------------------------------- Page(s) Report of Independent Accountants 1 Financial Statements: Statements of Net Assets Available for Benefits, December 31, 1999 and 1998 2 Statements of Changes in Net Assets Available for Benefits, for the years ended December 31, 1999 and 1998 3 Notes to Financial Statements 4-9 Supplemental Schedules: Schedule H, Line 4i - Schedule of Assets Held for Investment Purposes, as of December 31, 1999 (Unaudited) 10-15 Schedule H, Line 4j - Schedule of Reportable Transactions, for the year ended December 31, 1999 (Unaudited) 16 Note: All other schedules required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 that have not been included herein are not applicable to The Retirement Program for Employees of Viskase Corporation. Report of Independent Accountants {PRICEWATERHOUSECOOPERS LETTERHEAD] To the Participants and the Compensation and Benefits Committee of The Retirement Program for Employees of Viskase Corporation We were engaged to audit the financial statements and supplemental schedules of The Retirement Program for Employees of Viskase Corporation (the "Plan") as of December 31, 1999 and 1998 and for the years ended December 31, 1999 and 1998, as listed in the accompanying index. These financial statements and schedules are the responsibility of the Plan's management. As permitted by 29 CFR 2520.103-8 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, the plan administrator instructed us not to perform, and we did not perform, any auditing procedures with respect to the information summarized in Note 7, which was certified by The Northern Trust Company, the trustee of the Plan, except for comparing such information with the related information included in the financial statements and supplemental schedules. We have been informed by the plan administrator that the trustee holds the Plan's investment assets and executes investment transactions. The plan administrator has obtained certifications from the trustee as of and for the years ended December 31, 1999 and 1998 that the information provided to the plan administrator by the trustee is complete and accurate. Because of the significance of the information that we did not audit, we are unable to, and do not, express an opinion on the accompanying financial statements and supplemental schedules taken as a whole. The form and content of the information included in the financial statements and schedules, other than that derived from the information certified by the trustee, has been audited by us in accordance with auditing standards generally accepted in the United States and, in our opinion is presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Chicago, IL July 7, 2000 The Retirement Program for Employees of Viskase Corporation Statements of Net Assets Available for Benefits December 31, 1999 and 1998 - -----------------------------------------------------------------------------
1999 1998 Assets: Investments: Short-term investments $ 4,084,473 $ 2,140,131 Common stock 36,511,643 26,983,919 Corporate bonds 4,858,585 3,218,821 U.S. government and agency obligations 7,402,247 9,860,000 Other bonds 3,082,018 3,095,199 Common and collective trusts 28,636,375 29,987,605 ------------ ------------ Total investments 84,575,341 75,285,675 ------------ ------------ Receivables: Investment income 249,545 290,457 Employer contributions 1,920,905 1,920,605 Pending sales receipts 94,686 180,388 ------------ ------------ Total receivables 2,265,136 2,391,450 ------------ ------------ Net assets available for benefits $ 86,840,477 $ 77,677,125 ============ ============
The Retirement Program for Employees of Viskase Corporation Statements of Changes in Net Assets Available for Benefits For the Years Ended December 31, 1999 and 1998 - -----------------------------------------------------------------------------
1999 1998 Additions: Employer contributions $ 7,635,650 $ 7,682,420 Investment income: Interest income 1,230,498 1,025,788 Dividend income 1,421,859 1,403,525 Net appreciation in fair value of investments 5,094,417 7,605,975 Net (loss) gain from interest in common and collective trusts (1,426,149) 1,418,097 ------------ ------------ Total investment income 6,320,625 11,453,385 ------------ ------------ Total additions 13,956,275 19,135,805 ------------ ------------ Deductions: Benefit payments 4,361,146 3,693,212 Administrative expenses 431,777 365,042 ------------ ------------ Total deductions 4,792,923 4,058,254 ------------ ------------ Net increase in net assets available for benefits 9,163,352 15,077,551 Net assets available for benefits, beginning of year 77,677,125 62,599,574 ------------ ------------ Net assets available for benefits, end of year $ 86,840,477 $ 77,677,125 ============ ============
The Retirement Program for Employees of Viskase Corporation Notes to Financial Statements - ----------------------------------------------------------------------------- 1. Description of the Plan The following description of The Retirement Program for Employees of Viskase Corporation (the "Plan") provides only general information. Participants should refer to the plan agreement for a more complete description of the Plan's provisions. General The Plan is a defined benefit plan covering substantially all United States employees of Viskase Companies, Inc. (the "Employer"). It is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). Plan benefits Regular full-time employees may become plan members ("Participants") upon employment. Participants are entitled to monthly pension benefits beginning at the normal retirement age of 65. In all cases payment must begin by April 1 after a Participant reaches age 70-1/2, even if he has not retired. A Participant is eligible to receive unreduced pension benefits upon early retirement on or after completing ten or more years of credited service and attaining age 62 or accumulating eighty-five points, where each year of age and each year of credited service count for one point. The Plan permits early retirement at ages 50 - 62 with ten years of credited service at reduced benefits as specified by the Plan. The Plan also provides for certain death benefits for spouses and disability benefits. Participants are fully vested in their accrued benefits after five years of service. Participants who terminate before rendering five years of service forfeit the right to receive any Plan benefits. Forfeitures are used to reduce Employer contributions. Benefits are generally based on a percentage of Participants' compensation earned during the Participant's last three years of credited service. Benefits are reduced by the amount of any retirement benefit the Participant is entitled to receive under any pension plan maintained by the Union Carbide Corporation. The normal form of benefit for a single Participant is a life annuity and for a married participant is a joint and survivor annuity. Participants may waive the normal form and elect an optional payment form provided in the Plan. Administration expenses During 1999 and 1998, expenses of the Plan were paid by the Plan's trustee out of the assets of the Plan. 2. Summary of Significant Accounting Policies The accompanying financial statements are prepared on the accrual basis of accounting. Investments The Plan reports investments at fair value. Investments in pooled funds are stated at a value based upon the fair value of the pooled funds' net assets on the last business day of the year. Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned on an accrual basis. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits at the date of the financial statements and the changes in net assets available for benefits during the reporting period and, when applicable disclosures of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. Risks and uncertainties Plan contributions and the actuarial present value of accumulated plan benefits are prepared based on certain assumptions pertaining to interest rates, inflation rates and employee demographics, all of which are subject to change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably possible that changes in these estimates and assumptions in the near term could materially affect Participants' accrued benefits and the amounts reported in the statement of net assets available for benefits. 3. Actuarial Present Value of Accumulated Plan Benefits Accumulated plan benefits are those estimated future periodic payments that are attributable under the Plan's provisions to services rendered by the Participants to the valuation date. Accumulated plan benefits include benefits expected to be paid to (a) retired or terminated Participants or their beneficiaries, (b) beneficiaries of Participants who have died, and (c) present Participants or their beneficiaries. The actuarial present value of accumulated plan benefits is determined by consulting actuaries and is that amount that results from applying actuarial assumptions to adjust the accumulated plan benefits to reflect the time value of money and the probability of payment between the valuation date and the expected date of payment. Benefits under the Plan are reported in accordance with the Projected Unit Credit Method. Significant actuarial assumptions are as follows: Interest Rate Funding 8.50% per year, compounded annually Current Liability 6.55% per year, compounded annually Discount Rate 6.75% Expected Long-Term Rate of Return 9.00% per year, compounded annually Retirement Age Retirements are assumed to occur at the rates below: Age Rate Age Rate 50-54 5% 61 30% 55 10% 62 50% 56-59 5% 63-64 30% 60 20% 65 100% Average retirement age is age 60. Mortality Rates Healthy Lives 1983 Group Annuity Mortality Table. Withdrawal Rates Table T-8 from The Actuary's Pension Handbook, net of assumed mortality. Preretirement Spouse's Benefit It has been assumed that 80% of the Participants are married, and that the males are five years older than the females. Asset Valuation Method The actuarial value of assets is determined by applying an annual growth rate (equal to the valuation interest rate) to the prior year's actuarial value of assets. This value is then adjusted toward market value by 20% of the difference between the adjusted value and the market value. This asset value is not allowed to vary from market value by more than 20%. The actuarial present value of accumulated plan benefits as of January 1, 1999 and 1998 is as follows:
1999 1998 Accumulated plan benefits: Vested benefits Participants and beneficiaries currently receiving payments $32,865,176 $26,587,384 Other Participants 29,152,641 29,348,936 ----------- ----------- Total vested benefits 62,017,817 55,936,320 Nonvested benefits 3,404,342 3,798,463 ----------- ----------- Total actuarial present value of accumulated plan benefits $65,422,159 $59,734,783 =========== ===========
A net increase in the accumulated plan benefits of $5,687,376 from 1998 to 1999 occurred due to the following: an increase of $9,380,588 from additional benefits accumulating and an increase of interest due to the passage of time and a $3,693,212 decrease due to benefits paid. The discount rate decreased from 7.25% at January 1, 1998 to 6.75% at January 1, 1999. 4. Net Appreciation in Fair Value of Investments The Plan presents, in the statements of changes in net assets, the net appreciation (depreciation) in the fair value of its investments which consists of the realized gains or losses and the unrealized appreciation (depreciation) on those investments. Net appreciation (depreciation) in the fair value of the Plan's investments is as follows:
1999 1998 Common stock $ 6,393,705 $ 7,200,827 Corporate bonds (238,038) (38,155) U.S. government and agency obligations (879,192) 448,240 Other bonds (182,058) (4,937) ------------ ------------ $ 5,094,417 $ 7,605,975 ============ ============
5. Investments Investments representing five percent or more of the net assets available for benefits at December 31, 1999 and 1998 were as follows:
1999 1998 CF Brinson U.S. Common and collective Balanced Fund trusts $26,918,803 $27,098,612 U.S. Treasury 7.500% U.S. government security Note due 2/15/05 - 4,023,550
6. Contributions The Employer contributes such amounts as are necessary on an actuarial basis to provide the Plan with assets sufficient to meet benefits to be paid to Participants. Annual contributions are made based upon amounts required to meet minimum funding provisions of ERISA. Under current regulations, any contribution made as late as September 15, 2000 may be applied toward the minimum funding requirements for the 1999 plan year. The Employer contributions were sufficient to meet the minimum funding requirements for the 1999 plan year of $7,635,650. 7. Summary of Financial Data Certified by the Trustee The following investment information, as well as the information included in Note 4 and the accompanying supplemental schedules on pages 11-25, has been certified as complete and accurate by The Northern Trust Company, trustee of the Plan in accordance with Section 2520.103-5 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA.
1999 1998 Statements of net assets available for benefits: Short-term investments $4,084,473 $2,140,131 Common stock 36,511,643 26,983,919 Corporate bonds 4,858,585 3,218,821 U.S. government and agency obligations 7,402,247 9,860,000 Other bonds 3,082,018 3,095,199 Common and collective trusts 28,636,375 29,987,605 Statement of changes in net assets available for benefits: Interest income 1,230,498 1,025,788 Dividend income 1,421,859 1,403,525 Net gain (loss) from interest in common and collective trusts (1,426,149) 1,418,097 Net appreciation in fair value of investments 5,094,417 7,605,975
8. Federal Income Tax Status The Internal Revenue Service has determined and informed the Employer by a letter dated August 4, 1995, that the Plan is designed in accordance with applicable sections of the Internal Revenue Code (the "Code"). The Plan has subsequently been amended. However, the plan administrator believes that the Plan is designed and operated in accordance with the applicable sections of the Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. 9. Plan Termination While the Employer has not expressed an intent to terminate the Plan, it is free to do so at any time, subject to any applicable requirements or penalties set forth in ERISA. In the event of termination, the accrued pensions of all affected Participants as of the date of termination shall be fully vested and shall be entitled to a distribution from the Plan. The Plan's net assets would be allocated pursuant to the priority categories set forth in ERISA and PBGC regulations. Whether all Participants receive their benefits will depend on the sufficiency, at that time, of the Plan's net assets to provide those benefits and may also depend on the level of benefits guaranteed by the PBGC. 10. Reconciliation of Net Assets Available for Plan Benefits to Form 5500 The net assets available for benefits per the financial statements differ from the Form 5500 by an amount of $1,888 due to benefits payable to participants at December 31, 1999. There were no differences at December 31, 1998. SUPPLEMENTAL SCHEDULES 5500 Supplemental Schedules Account Number 6889 31 DEC 99 Account Name FAMILY CODE FAM6889 SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
Shares/ Historical Current Security Description/Asset ID Par Value Cost Value - ----------------------------------------------------------------------------------------------------------------------- Receivables - Other - USD - ----------------------------------------------------------------------------------------------------------------------- Pending trade sales: UNITED STATES DOLLARS 0.000 94,686.340 94,686.340 - ----------------------------------------------------------------------------------------------------------------------- Total - all currencies 94,686.34 94,686.34 - ----------------------------------------------------------------------------------------------------------------------- Total Receivables - Other - USD 94,686.34 94,686.34 U.S. GOVERNMENT SECURITIES - ----------------------------------------------------------------------------------------------------------------------- United States - USD FHLMC GROUP C18118 6 11-01-2028 CUSIP 31293EAT7 348,248.000 345,092.000 319.496.650 FNMA NT 5.25 01-15-2009 CUSIP 31359MEK5 540,000.000 506,471.400 476,037.000 FNMA NT 5.625 05-14-2004 CUSIP 31359MES8 540,000.000 534,292.200 515,727.000 FNMA POOL #440700 6 DUE 11-01-2028 REG CUSIP 31380HRV1 709,060.030 699,310.460 650,059.140 FNMA POOL #456078 6 DUE 12-01-2028 REG CUSIP 31381BUB3 703,552.610 695,087.990 645,010.000 FNMA 6.375 DUE 06-15-2009 REG CUSIP 31359MEV1 335,000.000 328,457.450 319,700.550 I/O FNMA REMIC TR SER 1997-20 CL IO 1.84GTD MTG PASS THRU CUSIP 31359N4H1 716,581.960 65,764.500 35,893.590 US TREAS BDS 7.125 DUE 02-15-2023 REG CUSIP 912810EP9 958,000.000 1,075,817.740 997,421.700 US TREAS BDS 7.5 DUE 11-15-2016 REG CUSIP 912810DX3 1,110,000.000 1,223,164.500 1,186,989.600 US TREAS NTS DTD 00858 5.875 DUE 11-15-2004 BEO CUSIP 918275S7 185,000.000 182,821.250 181,270.400 US TREAS NTS 5.75 DUE 10-31-2002 REG CUSIP 9128273L4 450,000.000 448,132.810 443,677.500 US TREAS NTS 6.125 DUE 08-15-2007 REG (CV OVER 1 BILLION CUSIP 9128273E0 250,000.000 249,335.940 243,675.000 US TREAS NTS 7.5 DUE 02-15-2005 REG CUSIP 912827S86 665,000.000 741,116.050 693,156.100 US TREAS TREAS INFLATION INDEX 3.625 NT DUE 01-15-2008 REG CUSIP 912873T7 700,000.000 706,081.740 694,133.430 - ----------------------------------------------------------------------------------------------------------------------- Total United States - USD 7,800,946.06 7,402,247.66 - ----------------------------------------------------------------------------------------------------------------------- Total U.S. Government Securities 7,800,946.0 7,402,247.66
Shares/ Historical Current Security Description/Asset ID Par Value Cost Value - ----------------------------------------------------------------------------------------------------------------------- CORPORATE DEBT INSTRUMENTS - PREFERRED - ----------------------------------------------------------------------------------------------------------------------- United Kingdom - USD LLOYDS BNK PLC EUROCLEAR SER 1 FLTG RT PERP NT CALL 12-15 CUSIP 044796480 250,000.000 228,750.000 217,500.000 - ----------------------------------------------------------------------------------------------------------------------- Total United Kingdom - USD 228,750.00 217,500.00 United States - USD ASIAN DEV BK DEB DTD 09/24/1998 6.375 DUE 10-01-2028 BEO CUSIP 045167AZ6 450,000.000 480,825.000 438,264.000 AT&T CORP 6 DUE 03-15-2009 BEO CUSIP 001957AV1 370,000.000 369,130.500 335,719.500 BK 1 CORP NT 6.4 DUE 08-01-2002 BEO CUSIP 06423AAC7 415,000.000 414,551.800 408,098.550 CAL INFRASTRUCTURE & EDB SPL PURP TR SER97-1-CL A4 6.15 CUSIP 130335AU6 390,000.000 393,001.170 385,152.300 CAPITA EQUIP RECEIVABLES TR SER 1997-1 CL A3 6.12 ABS CTF CUSIP 139701AJ1 102,780.490 102,635.960 102,643.790 CHES & POTOMAC TEL CO VA 7.125 DEB DUE 1-15-02 REG CUSIP 165087AM9 100,000.000 95,224.000 100,674.000 CIT GROUP INC MEDIUM TERM SR NTS BOOK ENTRY-HARRIS 6.5 D CUSIP 12560MBT4 335,000.000 334,715.250 330,765.600 CMO COML MTG AST TR 99-C1 A3 6.64 EXPECTED MAT 9-17- CUSIP 201730AC2 150,000.000 151,462.920 140,649.000 CMO MTG CAP FDG INC 1998-MC1 MTG PASSTHRU CTF CL A- CUSIP 61910DDP4 160,000.000 161,600.000 152,400.000 COCA COLA ENTERPRISE 6.7 BD DUE 10-15-2036 REG PUT CUSIP 191219BAX2 400,000.000 421,672.000 393,376.000 DAIMLER CHRYSLER N AMER HLDG CORP GTD NT7.2 DUE 09-01-2009 CUSIP 233835AA5 225,000.000 224,757.000 220,169.250 FORD MTR CR CO 5.75 DUE 02-23-2004 BEO CUSIP 345397SH7 340,000.000 332,010.000 321,327.200 GEN MTRS ACCEP CORP 5.85 DUE 01-14-2009 BEO CUSIP 370425RD4 170,000.000 154,409.300 151,371.400 GRAND MET INVT CORP 7.45 BD DUE 04-15-2035 REG CUSIP 386088AH1 400,000.000 432,472.000 401,768.000 GREEN TREE LEASE FIN SER 1997-1 CL A3 6.17 ABS CTF DUE 0 CUSIP 393512AC2 195,297.450 195,877.250 195,088.480 HSEHD FIN CORP 5.875 DUE 02-01-2009 BEO CUSIP 441812GE8 170,000.000 153,154.700 150,244.300 IKON RECEIVABLES LLC SER 1999-2 CL A3A 6.59 DUE 08-15-200 CUSIP 45171WAG2 320,000.000 319,944.740 317,897.600 RESDNTL AST SECURITIZATION TR SER 1997-AB CL A3 7 CT CUSIP 1266916G4 17,055.320 17,038.000 16,970.040 TEXTRON FINL CORP NT 7.125 DUE 12-09-2004 BEO CUSIP 883199AF8 150,000.000 149,244.000 148,243.500 TRANSAMERICA FIN CORP 7.25 DUE 08-15-2002 BEO CUSIP 893502CY8 250,000.000 249,862.500 249,817.500 WORLDCOM INC GA NT 6.125 DUE 08-15-2001 BEO CUSIP 98155KAF9 260,000.000 259,729.600 256,861.800 1ST UN LBBA SER 1998-C1 CL A2 6.56 PASSTHRU CTF DUE 1 CUSIP 337367AB2 290,000.000 294,341.500 274,354.500 - ----------------------------------------------------------------------------------------------------------------------- Total United States - USD 5,707,659.19 5,491,856.31 - ----------------------------------------------------------------------------------------------------------------------- Total Corporate Debt Instruments - Preferred 5,936,409.19 5,709,356.31
Shares/ Historical Current Security Description/Asset ID Par Value Cost Value - ----------------------------------------------------------------------------------------------------------------------- CORPORATE DEBT INSTRUMENTS - OTHER - ----------------------------------------------------------------------------------------------------------------------- United Kingdom - USD NATL WESTMINSTER BK EUROCLEAR SER C PERPVAR RT BD 11-29-49 CUSIP 046260592 150,000.000 129,656.250 126,000.000 - ----------------------------------------------------------------------------------------------------------------------- Total United Kingdom - USD 129,656.25 126,000.00 United States - USD CMO CR SUISSE 1ST BSTN MTG SECS CORP 5.96 DUE 12-17-2007 CUSIP 22540AJL3 201,658.210 198,538.810 190,929.990 CMO GMAC COML MTG SEC INC MTG PASSTHRU CTF SER 99-C3 CL A CUSIP 361849GX4 205,000.000 205,001.290 200,248.100 CMO LB COML CONDUIT MTG TR 1999-C1 MTG PASSTHRU CTF CL A- CUSIP 501773CS2 360,000.000 363,463.600 343,137.600 COML MTG NATIONSLINK FDG CORP SER 1999-ICL-A1 6.316 CUSIP 63859CBS1 550,000.000 558,250.000 508,013.000 SPRINT CAP CORP MEDIUM TERM NTS 6.5 DUE 11-15-2001 BEO CUSIP 85207EAA9 240,000.000 238,500.000 237,724.800 WMX TECHNOLOGIES INC 7.1 SR NTS DUE 08-01-2026 PUTTABL CUSIP92929QAQ0 400,000.000 399,780.000 370,660.000 - ----------------------------------------------------------------------------------------------------------------------- Total United States - USD 1,963,533.70 1,850,713.49 - ----------------------------------------------------------------------------------------------------------------------- Total Corporate Debt Instruments - Other 2,093,189.95 1,976,713.49
Shares/ Historical Current Security Description/Asset ID Par Value Cost Value - ----------------------------------------------------------------------------------------------------------------------- CORPORATE STOCK - COMMON - ----------------------------------------------------------------------------------------------------------------------- Netherlands Antilles - USD SCHLUMBERGER LTD COM ISIN AN8068571086 6,000.000 397,719.120 375,962.400 - ----------------------------------------------------------------------------------------------------------------------- Total Netherlands Antilles - USD 397,719.12 375,962.40 Panama - USD CARNIVAL CORP COM CUSIP 143658102 2,825.000 40,791.060 135,070.310 - ----------------------------------------------------------------------------------------------------------------------- Total Panama - USD 40,791.06 135,070.31 United States - USD #REORG DAYTON-HUDSON CORP COM N/C TO TARGET CORP #2-853CUSIP 239753106 8,500.000 406,256.950 624,218.750 AGILE SOFTWARE CORP DEL COM CUSIP 00846X105 1,775.000 308,850.000 385,591.020 AGILENT TECHNOLOGIES INC COM CUSIP 00846U101 4,575.000 181,068.750 353,704.690 ALCOA INC COM STK CUSIP 013817101 4,100.000 305,718.140 340,300.000 AMER INTL GROUP INC COM CUSIP 026874107 8,600.000 406,365.950 929,875.000 AMER ON-LINE COM CUSIP 02364J104 3,900.000 243,153.570 295,912.500 ANALOG DEVICES INC COM CUSIP 032654105 4,400.000 317,064.000 409,200.000 APPLIED MATERIALS INC COM CUSIP 038222105 2,150.000 116,082.590 272,378.130 ARIBA INC COM CUSIP 04033V104 950.000 92,357.810 168,506.250 ASPECT DEV INC COM CUSIP 045234101 2,025.000 100,740.980 138,712.500 AT & T CORP COM STK CUSIP 001957109 7,500.000 440,775.000 381,093.750 BELLSOUTH CORP COM STK CUSIP 079860102 7,000.000 250,645.500 327,687.500 BLOCKBUSTER INC CL A CL A ISIN #US0936791088 CUSIP 093679108 15,975.000 239,852.000 213,665.630 BRISTOL MYERS SQUIBB CO COM CUSIP 110122108 4,400.000 234,707.230 282,425.000 BURL RES INC COM CUSIP 122014103 9,800.000 424,422.360 324,012.500 CAP 1 FNCL COM CUSIP 14040H105 6,700.000 310,777.170 322,856.250 CHARTER COMMUNICATIONS INC DEL CL A CUSIP 16117M107 11,850.000 225,150.000 259,218.750 CIRCUIT CY STORES INC COM CUSIP 172737108 7,275.000 297,958.540 327,829.690 CISCO SYS INC COM CUSIP 17275R102 11,200.000 114,762.300 1,199,800.000 CITIGROUP INC COM CUSIP 172967101 7,500.000 297,014.000 417,656.250 CLEAR CHANNEL COMMUNICATIONS INC COM CUSIP 184502102 2,250.000 163,111.050 200,812.500 COMCAST CORP CL A SPL CUSIP 200300200 8,000.000 288,543.200 404,500.000 COMPUTER SCI CORP COM CUSIP 205363104 4,750.000 249,483.550 449,468.750 CONOCO INC COM STK CUSIP 208251306 11,800.000 271,400.000 292,050.000 CORNING INC COM CUSIP 219350105 6,200.000 474,591.500 799,412.500 E-TEK DYNAMICS INC COM CUSIP 269240107 1,790.000 169,920.580 240,978.750 ELECTR ARTS COM CUSIP 2858512109 7,800.000 580,157.600 655,200.000 ELI LILLY & CO COM CUSIP 532457108 4,000.000 312,656.000 266,000.000 EMC CORP MASS COM CUSIP 268648102 4,700.000 255,747.830 513,475.000 ENRON CORP COM CUSIP 293561106 8,200.000 265,155.020 363,875.000 EOG RESOURCES INC COM CUSIP 26875P101 15,700.000 307,983.640 275,731.250 EXXON MOBIL CORP COM CUSIP 30231G102 6,300.000 396,947.250 507,543.750 FHLMC VTG COM CUSIP 313400301 7,000.000 303,046.800 329,437.500 FINOVA GROUP INC COM CUSIP 317928109 0.000 0.000 0.000 FNMA COM STK CUSIP 313586108 4,900.000 180,247.870 305,943.750 GEN ELEC CO COM CUSP 369604103 9,900.000 333,884.260 1,532,025.000 GENENTECH INC COM STK CUSIP 368710406 4,800.000 318,982.440 645,600.000 GUIDANT CORP COM STK CUSIP 401698105 6,100.000 162,453.980 286,700.000 HOME DEPOT INC COM CUSIP 437076102 16,086.000 251,283.480 1,105,912.500 INTEL CORP CAP CUSIP 458140100 4,250.000 171,974.580 349,828.130 INTL BUSINESS MACH CORP CAP CUSIP 459200101 4,900.000 467,289.610 528,587.500 JDS UNIPHASE CORP COM ISIN US46612J1016 CUSIP 46612J101 2,550.000 309,500.390 411,346.880 JOHNSON & JOHNSON COM CUSIP 478160104 3,300.000 257,785.690 307,725.000 KOHLS CORP COM CUSIP 500255104 8,000.000 212,216.450 577,500.000 LOWES COS INC COM CUSIP 548661107 2,500.000 139,577.750 149,375.000 LUCENT TECHNOLOGIES INC COM STK CUSIP 549463107 7,300.000 93,540.830 547,500.000 MARSH & MC LENNAN CO'S INC CUSIP 571748102 4,900.000 450,837.730 468,868.750 MBNA CORP COM CUSIP 55262L100 19,000.000 398,349.450 517,750.000 MCI WORLDCOM INC COM CUSIP 55268B106 9,375.000 253,097.100 497,460.940 MEDTRONIC INC COM CUSIP 585055106 10,800.000 218,332.320 393,525.000 MERCK & CO INC COM CUSIP 589331107 5,600.000 352,283.680 376,250.000 MICROSOFT CORP COM CUSIP 594918104 7,950.000 251,820.080 928,162.500 MORGAN STANLEY DEAN WITTER & CO COM NEW ISIN #6174464486 CUSIP 617446448 2,500.000 327,962.500 356,875.000 NATL SEMICONDUCTOR CORP COM CUSIP 637640103 15,600.000 565,948.920 667,875.000 NEXTEL COMMUNICATIONS INC CL A COM STK CUSIP 65332V103 3,500.000 311,705.800 360,937.500 OPEN MKT INC COM CUSIP 68370M100 2,650.000 94,725.840 119,581.250 PAYCHEX INC COM CUSIP 704326107 10,650.000 188,331.610 426,000.000 PROCTER & GAMBLE CO COM CUSIP 742718109 2,500.000 200,487.500 273,906.250 PROVIDIAN FINL CORP W/I COM STK CUSIP 74406A102 3,800.000 323,201.760 346,037.500 SCHERING-PLOUGH CORP COM CUSIP 806605101 5,650.000 222,089.070 239,418.750 SIEBEL SYS INC COM CUSIP 826170102 2,100.000 151,233.020 176,400.000 SOLECTRON CORP COM CUSIP 834182107 8,050.000 167,974.670 765,756.250 SUN MICROSYSTEMS INC COM STK $.00067 PAR CUSIP 866810104 8,150.000 286,961.090 631,115.630 SYMBOL TECHNOLOGIES INC COM CUSIP 871508107 8,750.000 341,674.480 556,171.880 TELLABS INC COM CUSIP879664100 7,000.000 209,751.650 449,312.500 TERADYNE INC COM CUSIP 880770102 5,750.000 321,540.580 379,500.000 TIME WARNER INC COM CUSIP 887315109 6,000.000 265,102.800 433,875.000 TX INSTRS INC COM CUSIP 882508104 5,200.000 283,813.930 502,450.000 VERITAS SOFTWARE CORP CUSIP 923436109 1,750.000 176,499.890 250,468.750 VITESSE SEMICONDUCTOR CORP COM CUSIP 928497106 8,200.000 275,101.030 429,987.500 WAL-MART STORES INC COM CUSIP 931142103 17,850.000 257,663.580 1,233,881.250 WALGREEN CO COM CUSIP 931422109 12,200.000 93,529.760 356,850.000 WELLS FARGO & CO NEW COM STK CUSIP 949746101 9,025.000 377,356.350 364,948.440 WILLIAMS COMMUNICATIONS GROUP INC COM CUSIP 969455104 7,400.000 208,855.820 214,137.500 - ----------------------------------------------------------------------------------------------------------------------- Total United States - USD 19,827,436.20 32,738,676.06 - ----------------------------------------------------------------------------------------------------------------------- Total Corporate Stock - Common 20,265,946.38 33,249,708.77
Shares/ Historical Current Security Description/Asset ID Par Value Cost Value - ----------------------------------------------------------------------------------------------------------------------- VALUE OF INTEREST IN COMMON/COLLECTIVE TRUSTS - ----------------------------------------------------------------------------------------------------------------------- United States - USD CF BRINSON U.S BALANCED CUSIP 108990CF7 123,281.290 23,115,709.470 26,918,802.530 COLTV MID CAP GROWTH FD CUSIP 19499993 65,183.000 757,257.700 1,717,572.050 NORTHN TR COLTV SMALL CAP GROWTH EQTY FD CUSIP 6659599546 69,587.000 693,314.330 1,302,668.640 - ----------------------------------------------------------------------------------------------------------------------- Total United States - USD 24,566,281.50 29,939,043.22 COLTV SHORT TERM INVT FD 3,635,109.470 3,635,109.470 3,635,109.470 COLTV SHORT TERM INVT FD 384,735.800 449,363.580 449,363.580 - ----------------------------------------------------------------------------------------------------------------------- Total United States - USD 4,084,473.05 4,084,473.05 Total Value of Interest in Common/Collective Trusts 28,650,754.55 34,023,516.27 VALUE OF INTEREST IN REGISTERED INVESTMENT COMPANIES - ----------------------------------------------------------------------------------------------------------------------- International - USD MFB NORTHN INSTL FDS INTL GROWTH PORTFOLIO CL A CUSIP 665278594 153,667.870 1,639,290.17 1,959,265.340 - ----------------------------------------------------------------------------------------------------------------------- Total International - USD 1,639,290.17 1,959,265.34 - ----------------------------------------------------------------------------------------------------------------------- Total Value of Interest in Registered Investment Com 1,639,290.17 1,959,265.34 OTHER - ----------------------------------------------------------------------------------------------------------------------- Canada - USD ONT PROV CDA 7.75 DUE 06-04-2002 REG CUSIP 682234HA9 250,000.000 248,906.250 254,532.500 - ----------------------------------------------------------------------------------------------------------------------- Total Canada - USD 248,906.25 254,532.50 - ----------------------------------------------------------------------------------------------------------------------- Total Other 248,906.25 254,532.500 - ----------------------------------------------------------------------------------------------------------------------- Total 66,730,128.89 84,670,026.68
The Retirement Program for Employees of Viskase Corporation Schedule H, Line 4j - Schedule of Reportable Transactions (Unaudited) For the Year Ended December 31, 1999 - -----------------------------------------------------------------------------------------------------------------------
(h) (a) (b) (c) (d) (g) Current Value (i) Identity of Description of Purchase Selling Cost of Asset on Net Gain Party Involved Asset Price Price of Assets Transaction Date or (Loss) - ----------------------------------------------------------------------------------------------------------------------- Purchases of Short Term Investment Funds $65,092,981 - $65,092,981 $65,092,981 - Sales of Short Term Investment Funds - $63,148,637 $63,148,637 $63,148,637 - Columns E and F, Lease Rental and Expenses incurred with Transactions respectively, have been omitted as they are not applicable.
-----END PRIVACY-ENHANCED MESSAGE-----