-----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, Al5b9Nqxd27Kp0JvojryBWrTpq9CkBVqUETuYXJ/JZureCj9zAUTmyZprUXlm6Zu mpO5pDuXmpfmYyAd6bxzXQ== 0000790498-98-000013.txt : 19980630 0000790498-98-000013.hdr.sgml : 19980630 ACCESSION NUMBER: 0000790498-98-000013 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980629 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: DATA TRANSMISSION NETWORK CORP CENTRAL INDEX KEY: 0000790498 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 470669375 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 000-15405 FILM NUMBER: 98656008 BUSINESS ADDRESS: STREET 1: 9110 W DODGE RD STE 200 CITY: OMAHA STATE: NE ZIP: 68114 BUSINESS PHONE: 4023902328 MAIL ADDRESS: STREET 1: 9110 WEST DODGE ROAD STREET 2: SUITE 200 CITY: OMAHA STATE: NE ZIP: 68114 FORMER COMPANY: FORMER CONFORMED NAME: DATALINE INC DATE OF NAME CHANGE: 19871214 11-K 1 FORM 11-K United States Securities and Exchange Commission Washington, D.C. 20549 Form 11-K ( X ) Annual Report Pursuant To Section 15(d) Of The Securities and Exchange Act of 1934 For the year ended December 31, 1997. or ( ) Transition Report Pursuant to Section 15(d) Of The Securities Exchange Act of 1934 Commission File Number 0-15405 or 33-50412 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN Full Title of the Plan DATA TRANSMISSION NETWORK CORPORATION 9110 West Dodge Road, Suite 200 Omaha, NE 68114 Name of Issuer of Securities and Address of Principal Executive Office SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 25, 1998 Name of Plan: Data Transmission Network Corporation 401(k) Plan Signature:/s/ Greg T. Sloma -------------------------------------------------------- Greg T. Sloma Plan Administrator 1 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN TABLE OF CONTENTS (a) Financial Statements: Independent Auditors' Report 3 Statements of Net Assets Available for Benefits as of December 31, 1997 and 1996 4 - 6 Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31, 1997 and 1996 7 - 9 Notes to Financial Statements 10 - 13 (b) Supplemental Schedules: Item 27a - Schedule of Assets Held for Investment Purposes December 31, 1997 14 Item 27d - Schedule of Reportable Transactions - For The Year Ended December 31, 1997 15 (c) Exhibits: Exhibit A - Independent Auditors' Consent 16 REQUIRED INFORMATION The Plan financial statements and schedules are prepared in accordance with the financial reporting requirements of ERISA and are included herein as listed in the Table of Contents shown above. 2 INDEPENDENT AUDITORS' REPORT Data Transmission Network Corporation 401(k) Plan Data Transmission Network Corporation Omaha, Nebraska We have audited the accompanying statements of net assets available for benefits of the Data Transmission Network Corporation 401(k) Plan as of December 31, 1997 and 1996, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with 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 opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Data Transmission Network Corporation 401(k) Plan as of December 31, 1997 and 1996, and the changes in net assets available for benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of Assets Held for Investment Purposes at December 31, 1997 and Reportable Transactions for the year ended December 31, 1997, are presented for purposes of additional analysis and are not a required part of the basic financial statements, but are 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. The supplemental information by fund in the statements of net assets available for benefits and the statements of changes in net assets available for benefits is presented for the purpose of additional analysis rather than to present the net assets available for benefits and changes in net assets available for benefits of the individual funds. The supplemental schedules and supplemental information by fund are the responsibility of the Plan's management. Such supplemental schedules and supplemental information by fund have been subjected to the auditing procedures applied in our audits of the basic financial statements and, in our opinion, are fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole. Deloitte & Touche LLP May 15, 1998 Omaha, Nebraska 3 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 1997
Supplemental Information By Fund ----------------- ----------------- ----------------- ----------------- ---------------- DTN Short Term Intermediate Fixed Income Equity Stock Common Stock Government Term Bond Mutual Fund Mutual Fund Fund Securities Mutual Fund ----------------- ----------------- ----------------- ----------------- ---------------- Investments, At Fair Value (Note 4): DTN Common Stock $8,652,000 $ - $ - $ - $ - Intermediate Term Bond Mutual Fund - - 269,838 - - Fixed Income Mutual Fund - - - 320,942 - Equity Stock Mutual Fund - - - - 2,646,795 Balanced Mutual Fund - - - - - Small Cap Mutual Fund - - - - - Templeton Foreign Fund - - - - - Money Market Fund 143,067 563,653 - - 1,496 ---------- -------- -------- -------- ---------- Total Investments 8,795,067 563,653 269,838 320,942 2,648,291 Contributions Receivable - - - - - Cash & Cash Equivalents 632 2,348 297 425 4,917 ---------- -------- -------- -------- ---------- Net Assets Available For Benefits $8,795,699 $566,001 $270,135 $321,367 $2,653,208 ========== ======== ======== ======== ========== Continued
4 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 1997 (Continued) Supplemental Information By Fund
--------------- ------------------ ------------------ ---------------- Balanced Small Cap Mutual Templeton Cash Transfer Mutual Fund Fund Foreign Fund Account Total --------------- ------------------ ------------------ ---------------- ----------------- Investments, At Fair Value (Note 4): DTN Common Stock - - - - $8,652,000 Intermediate Term Bond Mutual Fund - - - - 269,838 Fixed Income Mutual Fund - - - - 320,942 Equity Stock Mutual Fund - - - - 2,646,795 Balanced Mutual Fund 81,002 - - - 81,002 Small Cap Mutual Fund - 203,868 - - 203,868 Templeton Foreign Fund - - 136,180 - 136,180 Money Market Fund - - - - 708,216 ------- -------- -------- -------- ---------- Total Investments 81,002 203,868 136,180 - 13,018,841 Contributions Receivable - - - 104,532 104,532 Cash & Cash Equivalents 66 141 1,762 277 10,865 ======= ======== ======== ======== ========== Net Assets Available For Benefits $81,068 $204,009 $137,942 $104,809 $13,134,238 ======= ======== ======== ======== =========== See Notes To Financial Statements.
5 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 1996 Supplemental Information By Fund
-------------- --------------- -------------- ------------- ------------- --------------- DTN Short Term Intermediate Fixed Equity Stock Cash Transfer Common Stock Government Term Bond Income Mutual Fund Account Fund Securities Mutual Fund Mutual Fund Total -------------- --------------- -------------- ------------- ------------- --------------- -------- Investments, At Fair Value (Note 5): DTN Common Stock $5,729,618 $ - $ - $ - $ - $ - $5,729,618 U.S. Treasury Bills/Notes - 387,850 - - - - 387,850 Intermediate Term Bond Mutual Fund - - 332,805 - - - 332,805 Fixed Income Mutual Fund - - - 323,371 - - 323,371 Equity Stock Mutual Fund - - - - 1,864,948 - 1,864,948 Money Market Fund 63,167 236,351 - - - - 299,518 ---------- -------- -------- -------- ---------- -------- ---------- Total Investments 5,792,785 624,201 332,805 323,371 1,864,948 - 8,938,110 Contributions Receivable - - - - - 127,860 127,860 Cash & Cash Equivalents - 1,208 - - - 69,986 71,194 ---------- -------- -------- -------- ---------- -------- ---------- Net Assets Available For Benefits $5,792,785 $625,409 $332,805 $323,371 $1,864,948 $197,846 $9,137,164 ========== ======== ======== ======== ========== ======== ========== See Notes To Financial Statements.
6 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS YEAR ENDED DECEMBER 31, 1997 Supplemental Information by Fund
-------------- --------------- ---------------- ------------- -------------- DTN Short Term Intermediate Fixed Equity Stock Common Stock Government Term Bond Income Mutual Fund Fund Securities Mutual Fund Mutual Fund -------------- --------------- ---------------- ------------- -------------- Net Assets Available for Benefits, Beginning of Period $5,792,785 $625,409 $332,805 $323,371 $1,864,948 ADDITIONS: Investment Income: Net Appreciation (Depreciation) in Fair Value of Investments 1,527,463 (6,969) 2,720 10,419 147,560 Interest 11,719 34,773 17 16 89 Dividends - - 16,491 19,125 236,109 ---------- --------- -------- -------- ---------- Total Investment Income 1,539,182 27,804 19,228 29,560 383,758 Contributions Employer 439,256 58,834 37,620 43,376 284,935 Employee 792,955 94,294 58,219 80,623 580,813 ---------- -------- -------- -------- ---------- Total Contributions 1,232,211 153,128 95,839 123,999 865,748 ---------- -------- -------- -------- ---------- Total Additions 2,771,393 180,932 115,067 153,559 1,249,506 Deductions: Distributions to Plan Participants (245,855) (28,208) (21,050) (24,621) (208,472) Fees and Expenses (21,433) (3,623) (1,971) (2,068) (14,220) Transfer of Assets (To) From Other Funds 498,809 (208,509) (154,716) (128,874) (238,554) ---------- --------- --------- --------- ----------- Net Increase (Decrease) 3,002,914 (59,408) (62,670) (2,004) 788,260 ---------- --------- --------- --------- ----------- Net Assets Available for Benefits, End of Period $8,795,699 $566,001 $270,135 $321,367 $2,653,208 ========== ======== ======== ======== ==========
Continued 7 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS YEAR ENDED DECEMBER 31, 1997 (Continued) Supplemental Information by Fund
----------------- ----------------- ----------------- ---------------- Balanced Mutual Small Cap Templeton Cash Transfer Fund Mutual Fund Foreign Fund Account Total ----------------- ----------------- ----------------- ---------------- -------------- Net Assets Available for Benefits, Beginning of Period $ - $ - $ - $197,846 $ 9,137,164 ADDITIONS: Investment Income: Net Appreciation (Depreciation) in Fair Value of Investments 3,925 13,351 (22,946) - 1,675,523 Interest 6 9 3 256 46,888 Dividends 2,339 9,272 10,383 - 293,719 ------- -------- --------- -------- ---------- Total Investment Income 6,270 22,632 (12,560) 256 2,016,130 Contributions Employer 19,767 30,494 15,984 (9,510) 920,756 Employee 36,677 65,767 33,450 (13,818) 1,728,980 ------- -------- --------- -------- ---------- Total Contributions 56,444 96,261 49,434 (23,328) 2,649,736 ------- -------- -------- -------- ---------- Total Additions 62,714 118,893 36,874 (23,072) 4,665,866 Deductions: Distributions to Plan Participants (8,236) (11,462) (6,805) (69,859) (624,568) Fees and Expenses (247) (532) (24) (106) (44,224) Transfer of Assets (To) From Other Funds 26,837 97,110 107,897 - - ------- -------- -------- -------- ----------- Net Increase (Decrease) 81,068 204,009 137,942 (93,037) 3,997,074 ======= ======== ======== ======== =========== Net Assets Available for Benefits, End of Period $81,068 $204,009 $137,942 $104,809 $13,134,238 ======= ======== ======== ======== =========== See notes to financial statements
8 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS YEAR ENDED DECEMBER 31, 1996 Supplemental Information by Fund
-------------- ---------------- --------------- ------------ --------------- ---------------- DTN Short Term Intermediate Fixed Equity Stock Cash Transfer Common Stock Government Term Bond Income Mutual Fund Account Fund Securities Mutual Fund Mutual Fund Total -------------- ---------------- --------------- ------------- --------------- ---------------- ------------ Net Assets Available for Benefits, Beginning of Period $4,044,782 $ 582,516 $ 193,516 $ 239,770 $874,120 $152,209 $6,086,913 ADDITIONS: Investment Income: Net Appreciation (Depreciation) in Fair Value of Investments 1,465,830 4,681 (3,699) (13,645) 81,080 346 1,534,593 Interest 5,665 28,852 97 136 237 728 35,715 Dividends - - 12,284 14,570 164,902 - 191,756 ----------- -------- --------- ---------- -------- -------- ---------- Total Investment Income 1,471,495 33,533 8,682 1,061 246,219 1,074 1,762,064 Contributions: Employer 323,990 55,177 31,786 42,249 217,182 (406) 669,978 Employee 563,957 84,931 44,673 66,819 384,339 10,439 1,155,158 ---------- -------- -------- --------- -------- -------- ---------- Total Contributions 887,947 140,108 76,459 109,068 601,521 10,033 1,825,136 ---------- -------- -------- --------- -------- -------- ---------- Total Additions 2,359,442 173,641 85,141 110,129 847,740 11,107 3,587,200 Deductions Distributions to Plan Participants (186,170) (26,745) (21,774) (58,379) (143,041) (67,547) (503,656) Fees and Expenses (15,833) (6,210) (1,150) (1,598) (8,364) (138) (33,293) Transfer of Assets (To) From Other Funds (409,436) (97,793) 77,072 33,449 294,493 102,215 - ----------- --------- -------- ---------- --------- -------- ---------- Net Increase 1,748,003 42,893 139,289 83,601 990,828 45,637 3,050,251 =========== ========= ======== ========== ========= ========= ========== Net Assets Available for Benefits, End of Period $5,792,785 $625,409 $332,805 $323,371 $1,864,948 $197,846 $9,137,164 ========== ======== ======== ======== ========== ======== ========== See Notes To Financial Statements.
9 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN NOTES TO FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 1997 AND 1996 1. Description of the Plan The following brief description of the Data Transmission Network Corporation 401(k) Plan (the Plan) is provided for general information only. Participants should refer to the Plan Agreement for more complete information. General - The Plan, which first became effective on July 1, 1988, was established to provide certain employees of Data Transmission Network Corporation (the Company or DTN) a formal plan to save for retirement. Effective January 1, 1998, all full-time employees who have completed 90 days of service are eligible to participate in the Plan, although participation by eligible employees is voluntary. The Plan is administered by the Company. The Trustee for the Plan is First National Bank of Omaha. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Contributions - Each participant may, subject to the maximum limitations under ERISA, authorize the Company to reduce their compensation by a percentage between 1/2% and 15%, and have such amount contributed to the Plan on their behalf as a basic contribution. Currently, the Company will make a matching contribution equal to 100% of the participant's basic contribution after the participant has completed one year of service, but such matching contribution shall not exceed 4% of the participant's compensation. The Company may make discretionary contributions in addition to the matching contributions mentioned above. The Company has elected not to make any discretionary contributions since the Plan's inception. The Plan permits participants to rollover qualified contributions from other qualified plans into the Plan. Contributions are invested at the participant's discretion in one or more of eight funds: a DTN Common Stock Fund consisting of common stock of the Company; a Short Term Government Securities Fund consisting of U.S. Treasury Bills and other money market type investments; an Intermediate Term Bond Mutual Fund investing primarily in government and corporate bonds; a Fixed Income Mutual Fund investing in longer-term corporate bonds; an Equity Stock Mutual Fund investing in common stock and other equity investments; a Balanced Mutual Fund investing in common stocks and investment grade fixed income securities; a Small Cap Mutual Fund investing primarily in common stock of small capitalization companies; and a Templeton Foreign Fund investing in stocks and debt obligations of companies and governments outside the United States. A participant's basic contributions are made on a pre-tax basis, (i.e.: excluded from gross income for the participant's personal tax purposes.) Such contributions are subject to social security taxes. Amounts contributed by the Company are deductible currently by the Company. A participant does not become subject to federal income taxes on basic contributions or on the amount of Company contributions and Plan earnings until such amounts are withdrawn or distributed. The tax consequences of distributions to participants will vary depending on the circumstances at the time of distribution. If a participant does not direct his distribution at termination to another qualified plan, the distribution will be subject to a 20% tax/penalty. Vesting - All participants are 100% vested in their basic, matching and rollover contributions at all times. Distributions - The normal form of benefit for a participant who is terminating or retiring is a lump sum payment in Company common stock, cash or both. Retiring participants may elect installment payments generally over their assumed life expectancy. 10 Plan Termination - Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue it's matching contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of plan termination, participants will remain 100 percent vested in their accounts. Fees and Expenses - Beginning in 1996, all administrative expenses of the Plan are being paid out of the Plan assets. 2. Summary of Significant Accounting Policies Investments in common stock of DTN are recorded at fair value as determined by the closing bid price quoted on the National Association of Securities Dealers Automated Quotation System (NASDAQ-NMS) on the last business day of the year. Investments in U.S. Treasury Bills within the Short Term Government Securities Fund are recorded at fair market value based on quoted bond prices. Investments in the Intermediate Term Bond Mutual Fund, Fixed Income Mutual Fund, Equity Stock Mutual Fund, Balanced Mutual Fund, Small Cap Mutual Fund, and the Templeton Foreign Fund are recorded at the net asset value of the mutual fund as quoted by each mutual fund on the last business day of the year, which approximates fair value. Net appreciation (depreciation) in the fair value of investments is based upon the fair value of the investments at the beginning of the year or cost, if purchased during the year. Interest and dividend income are recorded on the accrual basis. The Plan's policy is to record benefit payments upon distribution of balances to participants. Benefits due and unpaid to terminated participants were $277 and $69,986 at December 31, 1997 and 1996, respectively. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 3. Income Tax Status The Plan obtained its latest determination letter on October 20, 1992, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code. The Plan has been amended since receiving the determination letter. However, the plan administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. 11 4. Investments The following table presents the fair value of investments at December 31, 1997 and 1996. Investments that represent five percent or more of the Plan's net assets are separately identified:
1997 1996 ------------------------------------------------------------------------- Investments at Fair Value as Determined by Number of Number of Quoted Market Price Shares/Units or Fair Value Shares/Units or Fair Value Principal Amount Principal Amount ----------------------------------------------------------------------------------------------------------------------- Data Transmission Network Corporation Common Stock 309,000 $8,652,000 257,500 $5,729,618 Mutual Funds: First Omaha Balanced Mutual Fund 7,013.145 81,002 - - First Omaha Equity Stock Mutual Fund 179,809.439 2,646,795 137,795.466 1,864,948 First Omaha Fixed Income Mutual Fund 30,741.600 320,942 31,948.711 323,371 First Omaha Intermediate Term Bond Mutual Fund 27,092.196 269,838 33,688.237 332,805 First Omaha Small Cap Mutual Fund 16,574.640 203,868 - - Templeton Foreign Fund 13,686.404 136,180 - - U.S. Treasury Bills/Notes: $100,000 face value dated 03-07-96, - - - 99,100 due 03-06-97 $100,000 face value dated 06-27-96, - - - 97,490 due 06-26-97 $100,000 face value dated 09-19-96, - - - 96,270 due 09-18-97 $100,000 face value dated 12-12-96 - - - 94,990 due 12-11-97 Money Market Fund - 708,216 - 299,518 ----------- ---------- $13,018,841 $8,938,110 =========== ==========
5. Reconciliation of Financial Statements to Form 5500 The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500.
December 31, 1997 1996 Net Assets Available For Benefits Per -------------------------------- The Financial Statements $13,134,238 $9,137,164 Amounts Allocated to Withdrawing Participants (277) (69,986) -------------------------------- Net Assets Available for Benefits Per the Form 5500 $13,133,961 $9,067,178 ===============================
12 The following is a reconciliation of distributions to plan participants per the financial statements to the Form 5500.
Year Ended Year Ended December 31, 1997 December 31, 1996 ----------------- ----------------- Distributions to Plan Participants Per The Financial Statements $624,568 $503,656 Add: Amounts Allocated To Withdrawing Participants At Current Year End 277 69,986 Less: Amounts Allocated to Withdrawing Participants At Prior Year End (69,986) (34,382) --------- --------- Distributions to Plan Participants Per the Form 5500 $554,859 $539,260 ======== ========
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been approved for payment at December 31 but not yet paid as of that date. 6. Related Party Transactions Certain Plan investments are shares of mutual funds managed by First National Bank of Omaha. First National Bank of Omaha is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest. The Plan has an investment in DTN common stock. DTN is the Plan sponsor and, therefore, these transactions qualify as party-in-interest. 13 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN SUPPLEMENTAL SCHEDULES ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1997
Column B Column C Column D Column E Indentity of Issue, Borrower, Description of Investment Including Collateral, Current Lessor or Similar Party Rate of Interest, Maturity Date, Par or Maturity Value Cost Value - ----------------------------- ------------------------------------------------------ ----------- ----------- Data Transmission Network Corporation Common Stock* 309,000 shares $3,301,242 $8,652,000 First Omaha Balance Mutual Fund* 7,013.145 units 77,606 81,002 First Omaha Equity Stock Mutual Fund* 179,809.439 units 2,490,935 2,646,795 First Omaha Fixed Income Mutual Fund* 30,741.60 units 309,906 320,942 First Omaha Intermediate Term Bond Mutual Fund* 27,092.196 units 268,050 269,838 First Omaha Small Cap Mutual Fund* 16,574.64 units 193,693 203,868 Templeton Foreign Fund* 13,686.404 units 159,322 136,180 Money Market Fund Short-term Investment Fund 708,216 708,216 ----------------------- Total Investments $7,508,970 $13,018,841 =======================
*Represents a Party-In-Interest 14 DATA TRANSMISSION NETWORK CORPORATION 401(k) PLAN SUPPLEMENTAL SCHEDULES ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS YEAR ENDED DECEMBER 31, 1997 Series Transactions, When Aggregated, Involving an Amount in Excess of Five Percent of the Current Value of Plan Assets
Column A Column C Column D Column E Column F Column G Number of Number of Total Dollar Total Dollar Realized Identity of Party Involved Purchases Sales Value of Value of Sales Gain or Purchase (Loss) - ------------------------------------------------------------------------------------------------------------------------------ Data Transmission Network Corporation Common Stock* 51 0 $1,395,550 $ - $ - First Omaha Equity Stock Mutual Fund* 49 47 1,136,502 470,261 100,117 *Represents a Party-In-Interest
15 Exhibit A INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in Post-Effective Amendment No. 1 Registration Statement No. 33-50412 and Registration Statement No. 333-37999 on Forms S-8 of our report dated May 15, 1998, appearing in this Annual Report on Form 11-K of the Data Transmission Network Corporation 401(k) Plan for the year ended December 31, 1997. DELOITTE & TOUCHE LLP Omaha, Nebraska June 25, 1998 16 -----END PRIVACY-ENHANCED MESSAGE-----