-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, E17bxIlfTAkFO4u4OT+SxOVaI8G9b+Fnrt3zMAa2BVkO/Xyn+F8BPdvRXpi1yErm YOrXLPq+N09Am6Orz3s/UQ== 0000004281-94-000008.txt : 19940701 0000004281-94-000008.hdr.sgml : 19940701 ACCESSION NUMBER: 0000004281-94-000008 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALUMINUM CO OF AMERICA CENTRAL INDEX KEY: 0000004281 STANDARD INDUSTRIAL CLASSIFICATION: 3334 IRS NUMBER: 250317820 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03610 FILM NUMBER: 94536433 BUSINESS ADDRESS: STREET 1: 1501 ALCOA BLDG CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 4125532136 11-K 1 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 [FEE REQUIRED] For the Fiscal Year Ended December 31, 1993 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] Commission File Number 1-3610 ALCOA SAVINGS PLANS FOR BARGAINING AND NON-BARGAINING EMPLOYEES (Title of Plan) ALUMINUM COMPANY OF AMERICA (Name of Issuer of Securities held pursuant to the Plan) 425 Sixth Avenue, Alcoa Building, Pittsburgh, Pennsylvania 15219 (Address of Plan and of principal executive office of Issuer) ALCOA SAVINGS PLANS FOR BARGAINING AND NON-BARGAINING EMPLOYEES INDEX OF FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE _______ Pages Independent Auditor's Report 2-3 Financial Statements: Statements of Net Assets Available for Plan Benefits as of December 31, 1993 and 1992 4 Statements of Changes in Net Assets Available for Plan Benefits for the year ended December 31, 1993 5 Notes to Financial Statements 6-14 Supplemental Schedule: Schedule of Plan Participation in Master Trust Investment Accounts as of December 31, 1993 15 Signature 16 Exhibits: Consent of Independent Certified Public Accountants 17 INDEPENDENT AUDITOR'S REPORT To the Administrative Committee for the Alcoa Savings Plans: We have audited the financial statements of the Alcoa Savings Plans for Bargaining and Non-Bargaining Employees, as of December 31, 1993 and 1992 and for the year ended December 31, 1993 as listed in the accompanying index on page 1. 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 generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our report on the Alcoa Savings Plan for Bargaining Employees, previously known as the Alcoa Pre-Tax Savings Plan for Bargaining Employees (see footnote 1) dated April 23, 1993, we did not express an opinion on the 1992 financial statements and supplemental schedule taken as a whole. 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 information certified by Mellon Bank N.A., the trustee of the plans. Subsequent to the issuance of this report, auditing procedures were performed with respect to the information certified by the trustee. Accordingly, our present opinion on the 1992 financial statements, as presented herein, is different from that expressed in our previous report. In our opinion, the financial statements referred to above present fairly, in all material respects, the individual net assets available for plan benefits as of December 31, 1993 and 1992, and the individual changes in net assets available for plan benefits for the year ended December 31, 1993, in conformity with generally accepted accounting principles. Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of Plan Participation in Master Trust Investment Accounts as of and for the year ended December 31, 1993 is presented for purposes of complying with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 and is not a required part of the basic financial statements. The supplemental schedule has been subjected to the auditing procedures applied in the 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. /s/ Coopers & Lybrand Coopers & Lybrand Pittsburgh, Pennsylvania May 9, 1994 ALCOA SAVINGS PLANS FOR BARGAINING AND NON-BARGAINING EMPLOYEES STATEMENT OF INDIVIDUAL PLAN NET ASSETS AVAILABLE FOR PLAN BENEFITS at December 31, 1993 and 1992 _______
1993 1992 ---------------------------------------- ----------------------------------------- Alcoa Alcoa Alcoa Alcoa Non-Bargaining Bargaining Non-Bargaining Bargaining Plan Plan Total Plan Plan Total ASSETS Accounts receivable (Note 8): Employee Contributions - - - $ 2,084,004 - $ 2,084,004 Employer Contributions - - - 1,318,549 - 1,318,549 Investment Income - - - 295,405 - 295,405 ------------- ----------- ------------- ------------ ------------ ----------- Total - - - 3,697,958 - 3,697,958 ------------- ----------- ------------- ------------ ------------ ----------- Investments at value (Note 7 & 8): Value of interest in master trust: Investment Account 194-009 - - - 184,596,850 - 184,596,850 Investment Account 194-070 _ - - 481,915,017 - 481,915,017 Investment Account 194-093 - - - 111 - 111 Investment Account 195-526 - - - 86,983,134 - 86,983,134 Investment Account 194-358 $ 20,990,549 $ 7,250,599 $ 28,241,148 19,530,347 - 19,530,347 Investment Account 194-598 - - - - $ 134,507,151 134,507,151 Investment Account 195-540 168,662,542 1,671,218 170,333,760 - - - Investment Account 195-541 507,729,069 135,357,409 643,086,478 - - - Investment Account 195-542 96,732,898 6,711,236 103,444,134 - - - Investment Account 195-543 18,966,717 4,591,808 23,558,525 - - - Investment Account 195-544 18,865,737 5,948,348 24,814,085 - - - Investment Account 195-545 32,860,062 5,899,414 38,759,476 - - - ----------- ----------- ------------- ----------- ----------- ----------- Total value of interest in Master Trust 864,807,574 167,430,032 1,032,237,606 773,025,459 134,507,151 907,532,610 ----------- ----------- ------------- ----------- ----------- ----------- Total assets 864,807,574 167,430,032 1,032,237,606 776,723,417 134,507,151 911,230,568 ----------- ----------- ------------- ----------- ----------- ----------- LIABILITIES Accounts payable (Note 8): Purchase pending settlement - - - 814,985 - 814,985 ----------- ----------- ------------- ----------- ----------- ----------- Total - - - 814,985 - 814,985 ----------- ----------- ------------- ----------- ----------- ----------- Net assets available for Plan benefits $864,807,574 $167,430,032 $1,032,237,606 $775,908,432 $134,507,151 $910,415,583 =========== =========== ============= =========== =========== =========== The accompanying notes are an integral part of the financial statements.
ALCOA SAVINGS PLANS FOR BARGAINING AND NON-BARGAINING EMPLOYEES STATEMENT OF CHANGES IN INDIVIDUAL PLAN NET ASSETS AVAILABLE FOR PLAN BENEFITS for the year ended December 31, 1993 _______
Alcoa Alcoa Non-Bargaining Bargaining Plan Plan Total Additions (Note 8): Contributions: Employee $ 40,320,484 $ 27,415,909 $ 67,736,393 Employers 25,607,680 26,231 25,633,911 ----------- ----------- ------------- Total 65,928,164 27,442,140 93,370,304 ----------- ----------- ------------- Earnings on Investments (Note 8): Net investment gain (loss) from Master Trust: Investment Account 194-358 (1,050,715) - (1,050,715) Investment Account 195-540 1,146,384 66,524 1,212,908 Investment Account 195-541 38,373,316 10,252,364 48,625,680 Investment Account 195-542 10,446,373 527,728 10,974,101 Investment Account 195-543 1,212,353 284,487 1,496,840 Investment Account 195-544 1,499,810 482,869 1,982,679 Investment Account 195-545 3,437,613 681,585 4,119,198 ----------- ----------- ------------- Total gain in Master Trust 55,065,134 12,295,557 67,360,691 ----------- ----------- ------------- Total additions 120,993,298 39,737,697 160,730,995 ----------- ----------- ------------- Deductions (Note 8): Benefit payments to participants 34,930,168 6,145,986 41,076,154 ----------- ----------- ------------- Total deductions 34,930,168 6,145,986 41,076,154 ----------- ----------- ------------- Net increase before transfers 86,063,130 33,591,711 119,654,841 transfers Transfers to (from) Plans (Notes 1 & 8) 2,836,012 (668,830) 2,167,182 ----------- ----------- ------------- Net increase 88,899,142 32,922,881 121,822,023 Net assets available for Plan benefits, beginning of year 775,908,432 134,507,151 910,415,583 ----------- ----------- ------------- Net assets available for Plan benefits, end of year $864,807,574 $167,430,032 $1,032,237,606 =========== =========== ============= The accompanying notes are an integral part of the financial statements.
ALCOA SAVINGS PLANS FOR BARGAINING AND NON-BARGAINING EMPLOYEES NOTES TO FINANCIAL STATEMENTS _______ 1. Description of Plans: General: The Alcoa Savings Plan for Non-Bargaining Employees and the Alcoa Savings Plan for Bargaining Employees (Plans) are trustee defined contribution savings plans maintained pursuant to a Master Trust agreement between Aluminum Company of America (Alcoa or the Company) and the Trustee, Mellon Bank, N.A. In general, the Plans provide various investment options for amounts withheld from employees' salaries and for employer contributions. Various Plan documents, as described in Note 2, which include a description of eligibility and vesting requirements, are available to participants upon request. Alcoa Savings Plan for Non-Bargaining Employees: Effective January 1, 1993, the Alcoa Savings Plan for Salaried Employees was amended and restated in its entirety and renamed the Alcoa Savings Plan for Non-Bargaining Employees. This Plan was merged with the Alcoa Savings Plan for Subsidiaries and Affiliated Locations and the Alcoa Recycling Company Inc. 401(k) Savings Plan. The Alcoa Savings Plan for Non-Bargaining Employees remains as the survivor plan. Effective January 1, 1993, three additional investment options were made available to participants. The Plan has added the American Balanced Fund, the AMCAP Fund and the New Perspective Fund. Each of these funds is managed by Capital Research and Management Company, an investment advisor for the American Funds group and a subsidiary of The Capital Group. Effective January 1, 1993, the Company and participating subsidiaries may contribute up to one dollar for each dollar contributed by a participant up to 6% of the employee's eligible compensation as defined in the Plan document. In prior years, Company contributions were based upon service. Alcoa Savings Plan for Bargaining Employees: Effective January 1, 1993, the Alcoa Pre-Tax Savings Plan for Bargaining Employees was amended and restated in its entirety and renamed the Alcoa Savings Plan for Bargaining Employees. Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 1. Description of Plans, continued: Alcoa Savings Plan for Bargaining Employees, continued: Effective January 1, 1993, five new investment funds were offered to participants. These funds consist of a stock fund and four mutual funds. The stock fund consists of shares of Alcoa common stock. The mutual funds are the Investment Company of America (ICA) Fund, the AMCAP Fund, the American Balanced Fund, and the New Perspective Fund. These mutual funds are managed by Capital Research and Management Company. Effective January 1, 1993, participant loan and after-tax contribution provisions were added to the plan. Eligibility and Vesting: The Plans are available to eligible employees of the Company and certain subsidiary locations which have adopted the Plans. Employees of locations which participate in the Alcoa Savings Plan for Non-Bargaining Employees are immediately eligible for plan participation. The Alcoa Savings Plan for Bargaining Employees is available to hourly employees of the Company covered by collective bargaining agreements which provide this benefit. Hourly employees must also complete a stated probationary period under the collective bargaining agreement. The participants are fully vested in the value of their contributions at all times. Applicable Company contributions vest after 5 years of employment. Company contributions and earnings forfeited by a terminating participant are used to reduce future Company cash contributions to the Plan. Total forfeitures that reduced employer contributions in 1993 were $262,126. Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 2. Major Features of the Plans: With the exception of the company match provision, both Plans have identical features. Effective January 1, 1993, eligible employees may elect to defer up to 10% of eligible compensation as pre-tax and up to 14% as after- tax contributions, with a maximum of 14% in the aggregate, to the Plans. Elections can be changed effective for the first full payroll period following the election. Participants can elect to have their contributions invested, in multiples of 10%, in any one of the following investment funds: Fixed Income Fund - The Fixed Income Fund invests in insurance company and bank investments contracts as well as short-term bonds. The fund is managed by Fidelity Institutional Retirement Services Company. Balanced Fund - The American Balanced Fund invests in a portfolio of stocks and bonds. The fund is managed by Capital Research and Management Company. Growth and Income Fund - The Investment Company of America Fund invests in a portfolio of stocks of larger corporations. The fund is managed by Capital Research and Management Company. Growth Fund - The AMCAP Fund invests in a portfolio of stocks of larger corporations. The fund is managed by Capital Research and Management Company. Global Fund - The New Perspective Fund invests in international securities and emphasizes larger, established companies. The fund is managed by Capital Research and Management Company. Alcoa Stock Fund - The Alcoa Stock Fund invests in Alcoa common stock. The Fund is managed by Mellon Bank, N.A. Effective January 1, 1993 participating locations which have adopted a Company match may elect matching contributions in an amount equal to twenty, forty, sixty, eighty, ninety or 100% of the participants' contributions to the Non-Bargaining Plan. Company match for contributions to the Bargaining Plan is based upon the various collective bargaining agreements. All matching contributions are invested in the Alcoa Stock Fund. Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 2. Major Features of the Plans, continued: The Plans provide for a loan feature, subject to specified limitations, only to active employees and only against that portion of their account that is vested. Loans are collateralized by the vested portion of the participant's account and repayments are made by standard payroll deductions. All loans granted after October 18, 1989, bear interest at market rates for similar commercial loans. All loans prior to October 18, 1989, were at interest rates earned on the Fixed Income Investment Fund as of October 1 of the previous year. Reference should be made to the basic prospectus dated October, 1992 and to the Summary Plan Description of each Plan for a summarization of the important features of the Plan including eligibility, employee and company contributions, loans, withdrawals and compliance with the Employee Retirement Income Security Act of 1974 (ERISA). 3. Summary of Significant Accounting Policies: The financial statements have been prepared in conformity with generally accepted accounting principles. The following are the significant accounting policies followed by the Plans: Plan Investment Valuation: The individual Plans participate in the operation of the funds within the Master Trust through the purchase and sale of fund units. The Plans' interest in the various Master Trust investment accounts are based on the underlying fair market value of investments in those funds. The net investment gain for Master Trust represents the investment income and the net appreciation (depreciation) in the respective fund. Investment Valuation of Master Trust Assets: Investments within the Fixed Income Fund are valued at fair value. Fair value represents cost plus reinvested earnings for guaranteed investment contracts and quoted market prices for publicly traded fixed interest obligations. Investments within the Alcoa Stock Fund are valued at the closing stock price. Dividend income is recorded based on the ex- dividend date. Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 3. Summary of Significant Accounting Policies, continued: Investment Valuation of Master Trust Assets, continued: Investments within the various mutual funds are based upon the closing unit value of the respective mutual fund. Administrative Expenses: Fixed income investment management fees are paid by the Master Trust. These amounts are included in the net gain or loss in the Master Trust. All other fees are paid by the Company. 4. Tax Status: The Plans are intended to qualify under Section 401(a) of the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder, and the Master Trust is thereby tax exempt within the meaning of Section 501(a) of the Internal Revenue Code. The Alcoa Savings Plan for Non-Bargaining Employees received a favorable Determination Letter from the Internal Revenue Service on July 29, 1986. The Alcoa Savings Plan for Bargaining Employees received a favorable determination letter from the IRS on August 21, 1989. 5. Form 5500 Current Value Method Information: Assets of the Plans are invested in a Master Trust which is excluded from the current value disclosure of realized and unrealized gains and losses as permitted by Department of Labor regulations. These amounts are included in the net gain (loss) of each Plan's interest in the Master Trust. 6. Reclassification: Certain amounts in previously issued financial statements were reclassified to conform to 1993 presentation. Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 7. Investments: The value of interest in Master Trust as presented in the Statement of Individual Plan Net Assets Available for Plan Benefits is comprised of the following units and unit values.
December 31, 1993 ----------------- Master Trust Account Units Unit Value Current Value - -------------------- ----- ---------- ------------- Fixed Income Fund 587,688,062 1.094265 $ 643,086,478 Alcoa Stock Fund 17,327,951 (A) 9.830000 (A) 170,333,760 Investment Company of America Fund 5,525,862 18.719999 103,444,134 American Balance Fund 1,874,187 12.569997 23,558,525 AMCAP Fund 1,934,067 12.830003 24,814,085 New Perspective Fund 2,582,244 15.009998 38,759,476 Loan Fund - - 28,241,148 ----------- --------- ------------- 616,932,373 $1,032,237,606 =========== ============= (A) The equivalent shares of Alcoa common stock were $2,455,261.40 at a price of $69.375 per share.
Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 7. Investments, continued: The value of interest in Master Trust as presented in the Statement of Individual Plan Net Assets Available for Plan Benefits is comprised of the following:
December 31, 1993 ---------------------------------------------------------------------------------------------- 195-541 195-540 195-542 195-543 195-544 195-545 194-358 Investment American New Fixed Income Alcoa Company of Balanced AMCAP Perspective Loan Fund Stock Fund America Fund Fund Fund Fund Fund Total Cash equivalents 12,586,291 $ 9,825,379 - - - - - $ 22,411,670 Corporate stocks - common - 160,508,381 - - - - - 160,508,381 U.S. Government Securities 12,427,579 - - - - - - 12,427,579 Corporate Debt instruments 10,421,251 - - - - - - 10,421,251 Loans to participants - - - - - - $28,241,148 28,241,148 Value of unallocated insurance contracts 607,651,357 - - - - - - 607,651,357 Value of interest in registered investment companies - - $103,444,134 $23,558,525 $24,814,085 $38,759,476 - 190,576,220 ----------- ----------- ----------- ----------- ---------- ---------- ---------- ------------- $643,086,478 $170,333,760 $103,444,134 $23,558,525 $24,814,085 $38,759,476 $28,241,148 $1,032,237,606 =========== =========== =========== ========== ========== ========== ========== ============= Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 7. Investments, continued:
December 31, 1992 -------------------------------------------------------------------- 194-070 194-093 194-598 194-009 195-526 194-358 Investment Fixed Income Company of Loan Fund Stock Fund America Fund Fund Total ---- ---------- ------------ ---- ----- Cash equivalents $ 54,711,325 $ 2,059,540 $ 111 - $ 56,770,976 Corporate stocks - common - 182,537,310 - - 182,537,310 U.S. Government Securities - - - - - Corporate Debt Instruments - - - Loans to participants - - - $19,530,347 19,530,347 Value of unallocated insurance contracts 561,710,843 - - - 561,710,843 Value of interest in registered invest- ment companies - - $86,983,134 - 86,983,134 ----------- ----------- ---------- ---------- ----------- $616,422,168 $184,596,850 $86,983,245 $19,530,347 $907,532,610 =========== =========== ========== ========== ===========
Continued NOTES TO FINANCIAL STATEMENTS, Continued _______ 8. Investments by Fund: The following table provides activity pertaining to participant investment funds in the Plans and the underlying investments held in these funds at December 31, 1993 and 1992:
Investment American New Fixed Income Alcoa Company of Balanced AMCAP Perspective Loan Fund Stock Fund America Fund Fund Fund Fund Fund Total ---- ---------- ------------ ---- ---- ---- ---- ----- Receivables and (payables) at December 31, 1992: Employer & employee contri- butions $ 1,403,529 $ 1,481,211 $ 517,813 - - - - $ 3,402,553 Investment income 13,485 630 - - - - $ 281,290 295,405 Purchase pending settlement - - (814,985) - - - - (814,985) ----------- ----------- ----------- --------- ---------- ---------- ---------- ------------- 1,417,014 1,481,841 (297,172) - - - 281,290 2,882,973 Investments at December 31, 1992: Value of interest in Master Trust investment account 616,422,168 184,596,850 86,983,245 - - - 19,530,347 907,532,610 ----------- ----------- ----------- --------- ---------- ---------- ---------- ------------- Fund value at December 31, 1992 617,839,182 186,078,691 86,686,073 - - - 19,811,637 910,415,583 ----------- ----------- ----------- --------- ---------- ---------- ---------- ------------- Additions: Employer & employee contri- butions 33,642,451 27,437,307 10,919,179 $ 7,312,239 $ 8,764,641 $ 5,593,769 (299,282) 93,370,304 Earnings on investments: Net investment gain (loss) from Master Trust 48,625,680 1,212,908 10,974,101 1,496,841 1,982,678 4,119,198 (1,050,715) 67,360,691 ----------- ----------- ----------- ---------- --------- --------- ---------- ------------- 82,268,131 28,650,215 21,893,280 8,809,080 10,747,319 9,712,967 (1,349,997) 160,730,995 Deductions: Benefit Payments (26,896,784) (8,518,496) (3,160,702) (581,071) (318,324) (236,934) (1,363,843) (41,076,154) Transfers: Net interfund transfers (31,363,237) (35,975,004) (2,431,366) 14,975,715 14,385,090 29,283,443 11,125,359 - Net interplan transfers 1,239,186 98,354 456,849 354,801 - - 17,992 2,167,182 ----------- ----------- ---------- ---------- ---------- ---------- ---------- ------------- (30,124,051) (35,876,650) (1,974,517) 15,330,516 14,385,090 29,283,443 11,143,351 2,167,182 Investments at December 31, 1993: Value of interest in Master Trust terest in Master Trust investment account 643,086,478 170,333,760 103,444,134 23,558,525 24,814,085 38,759,476 28,241,148 1,032,237,606 ----------- ----------- ----------- ---------- ---------- ---------- ---------- ------------- Fund value at December 31, 1993 $643,086,478 $170,333,760 $103,444,134 $23,558,525 $24,814,085 $38,759,476 $28,241,148 $1,032,237,606 =========== =========== =========== ========== ========== ========== ========== =============
ALCOA SAVINGS PLANS MASTER TRUST SCHEDULE OF PLAN PARTICIPATION IN MASTER TRUST INVESTMENT ACCOUNTS December 31, 1993 ________ Master Trust Investment Plan Accounts in which Plan Plan Name EIN Number Number Participates - --------- ---------- ------ ----------------------- Alcoa Savings Plan for 25-0317820 007 194-358,195-540,195-541 Non-Bargaining Employees 195-542,195-543,195-544 195-545 Alcoa Savings Plan for 25-0317820 008 194-358,195-540,195-541 Bargaining Employees 195-542,195-543,195-544 195-545 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Administrative Committee for the Alcoa Savings Plans for Bargaining and Non-Bargaining Employees has duly caused this Annual Report to be signed on its behalf by the undersigned hereunto duly authorized. ALCOA SAVINGS PLANS FOR BARGAINING AND NON-BARGAINING EMPLOYEES By /s/M. A. Gambill ------------------------------- M. A. Gambill Chairman of the Administrative Committee June 13, 1994 EX-1 2 EXHIBIT 1 CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS We consent to the incorporation by reference in the registration statement of the Alcoa Savings Plans for Bargaining and Non-Bargaining Employees on Form S-8 (Registration No. 33-24846) of our report dated May 9, 1994, on our audits of the financial statements of the Alcoa Savings Plans for Bargaining and Non- Bargaining Employees as of December 31, 1993 and 1992, and for the year ended December 31, 1993, which report is included in this Annual Report on Form 11-K. /s/Coopers & Lybrand COOPERS & LYBRAND 600 Grant Street Pittsburgh, Pennsylvania June 29, 1994 -----END PRIVACY-ENHANCED MESSAGE-----