-----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, ObHlmgnFQAWwoQ+dmLtADve5DOnSs+n3aPVNvxnhGDo024IVLrxMAdVv/ep8pEXr AwvEsiEW8vaDFNXjCG/KjA== /in/edgar/work/20000628/0000950131-00-004114/0000950131-00-004114.txt : 20000920 0000950131-00-004114.hdr.sgml : 20000920 ACCESSION NUMBER: 0000950131-00-004114 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RYERSON TULL INC /DE/ CENTRAL INDEX KEY: 0000790528 STANDARD INDUSTRIAL CLASSIFICATION: [3312 ] IRS NUMBER: 363425828 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 001-09117 FILM NUMBER: 662238 BUSINESS ADDRESS: STREET 1: 2621 WEST 15TH PLACE CITY: CHICAGO STATE: IL ZIP: 60608 BUSINESS PHONE: 7737622121 MAIL ADDRESS: STREET 1: 2621 WEST 15TH PLACE CITY: CHICAGO STATE: IL ZIP: 60608 FORMER COMPANY: FORMER CONFORMED NAME: INLAND STEEL INDUSTRIES INC /DE/ DATE OF NAME CHANGE: 19920703 11-K 1 0001.txt FORM 11-K 1999 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1999 OR [_] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ____________ to ____________ Commission File No. 33-32504 and 33-1329 RYERSON TULL SAVINGS PLAN (f/k/a Inland Steel Industries Thrift Plan) (Full Title of the Plan) RYERSON TULL, INC. (Exact name of registrant as specified in its charter) Delaware (State of Incorporation) 36-3425828 (I.R.S. Employer Identification No.) 2621 W. 15th Place, Chicago, Illinois (Address of principal executive offices) 60608 (Zip Code) Registrant's telephone number, including area code: (773) 762-2121 ================================================================================ Ryerson Tull Savings Plan Financial Statements and Supplemental Schedule December 31, 1999 and 1998 Ryerson Tull Savings Plan Index to Financial Statements and Supplemental Schedule - --------------------------------------------------------------------------------
Pages Report of independent accountants 1 Financial statements: Statements of net assets available for plan benefits at December 31, 1999 and 1998 2 Statement of changes in net assets available for plan benefits for the year ended December 31, 1999 3 Notes to financial statements 4-11 Supplemental schedule: Assets held for investment purposes at December 31, 1999 Schedule I
All other schedules of additional financial information required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable. Report of Independent Accountants To the Board of Directors of Ryerson Tull, Inc. and the Participants and Administrator of the Ryerson Tull Savings Plan In our opinion, the financial statements listed in the accompanying index present fairly, in all material respects, the net assets available for plan benefits of the Ryerson Tull Savings Plan (the "Plan") at December 31, 1999 and 1998, and the changes in net assets available for plan benefits for the year ended December 31, 1999 in conformity with accounting principles generally accepted in the United States. 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 of these statements in accordance with auditing standards generally accepted in the United States, which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The additional information included in Schedule I is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This schedule is the responsibility of the Plan's management. The 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. PRICEWATERHOUSECOOPERS, LLP June 9, 2000 Ryerson Tull Savings Plan Statements of Net Assets Available for Plan Benefits with Fund Information at December 31, 1999 and 1998 - --------------------------------------------------------------------------------
Assets 1999 1998 Investments: Ryerson Tull Common Stock Fund: (51,358 shares and 84,596 shares at December 31, 1999 and 1998, respectively) $ 998,297 $ 1,427,980 Cash 62,720 35,419 --------------- ------------ 1,061,017 1,463,399 --------------- ------------ Fidelity Stable Value Fixed Income Fund: Unallocated investment contracts 31,867,348 43,269,011 Pooled investment funds 25,115,654 12,596,295 --------------- ------------ 56,983,002 55,865,306 --------------- ------------ Mutual Benefit Fund (Note 5) - 2,930,962 Fidelity Spartan U.S. Equity Index Portfolio 36,710,281 32,909,731 Fidelity Retirement Government Money Market Portfolio 18,492,113 26,743,660 Fidelity Asset Manager Fund 20,183,034 19,320,522 Fidelity Magellan Fund 38,981,483 28,585,937 Fidelity Equity Income Fund 737,156 274,449 Fidelity Diversified International Fund 2,858,359 399,389 Warburg Pincus Emerging Growth Fund 4,539,175 4,052,777 Warburg Pincus International Equity Fund 2,580,874 1,946,004 Franklin Small Cap Growth Fund 2,673,537 316,520 MAS Mid Cap Value Fund 954,448 298,091 Vanguard Growth Index Fund 9,983,931 2,201,428 Conservative Strategy Fund 499,730 202,176 Moderate Strategy Fund 1,364,059 573,771 Aggressive Strategy Fund 1,728,453 1,151,721 --------------- ------------ Total investments 200,330,652 179,235,843 --------------- ------------ Loans receivable from participants 3,095,691 3,727,567 Employer contributions receivable 2,000,845 150,865 --------------- ------------ Net assets available for plan benefits $ 205,427,188 $183,114,275 --------------- ------------
The accompanying notes are an integral part of these statements. -2- Ryerson Tull Savings Plan Statement of Changes in Net Assets Available for Plan Benefits for the year ended December 31, 1999 - -------------------------------------------------------------------------------- Additions: 1999 Additions to net assets attributed to: Investment income: Net appreciation in fair value of investments (Note 3) $ 16,964,736 Interest on participant loans 258,447 Interest and dividend income on investments 10,952,804 ------------ 28,175,987 ------------ Contributions: Participant 9,317,332 Employer 5,232,339 ------------ 14,549,671 ------------ Total additions 42,725,658 ------------ Deductions: Deductions from net assets attributed to: Benefits paid to participants 17,974,284 Transfers out (net) 2,428,811 Administrative expenses 9,650 ------------ Total deductions 20,412,745 ------------ Net increase 22,312,913 Net assets available for benefits: Beginning of year 183,114,275 ------------ End of year $205,427,188 ------------ The accompanying notes are an integral part of these statements. -3- Ryerson Tull Savings Plan Notes To Financial Statements December 31, 1999 And 1998 - -------------------------------------------------------------------------------- 1. Description of the Plan This description summarizes major provisions of the Ryerson Tull Savings Plan (the "Plan") and is provided for general information purposes only. It does not cover all provisions, limitations and exclusions of the Plan. A full copy of the summary plan description and additional information about the Plan may be requested from the plan administrator. The Plan is a defined contribution profit sharing (thrift-savings) plan which is available to all salaried office employees and certain salaried and hourly, nonbargaining unit plant employees of Ryerson Tull, Inc. (the "Company") and certain of its subsidiaries and affiliates (collectively referred to as the "Employers"). Prior to January 1, 1999, the Plan was called the "Inland Steel Industries Thrift Plan". Effective January 1, 1999, via a plan amendment, the plan was renamed as the "Ryerson Tull Savings Plan" for periods after December 31, 1998. The amendment also merged the formed Ryerson Tull Savings Plan (the "RT Plan") into the Plan. The Plan, which is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), was adopted effective January 1, 1975. Employees electing to participate in the Plan may contribute up to fifteen percent of their base salary. Participants have the option of making contributions on a before-tax (limited to ten percent of base salary) and/or after-tax basis. The first four percent of participants' contributions (the "basic contribution") is matched by the Company at hundred percent. In addition, participants automatically receive a Variable Company Contribution of up to ten percent of calendar year earnings (regular base salary before reduction for before-tax contributions, plus amount includible in gross income such as bonuses and commissions) dependent upon the yearly performance of the Company. Participants not accruing benefits in the Ryerson Tull Pension Plan also receive a Fixed Company Contribution under the Plan equal to two percent or, for participants who met specified age and service criteria at December 31, 1997, three percent of their calendar year earnings up to the maximum limited by Section 401(a)(17) of the Internal Revenue Code. All investments can be directed by the Participants at their discretion. Participants could designate the investment of their contributions in integral multiples of one percent in any of the Fidelity Retirement Government Money Market Portfolio, Fidelity Stable Value Fixed Income Fund, Fidelity Spartan U.S. Equity Index Portfolio, Fidelity Asset Manager Fund, Fidelity Magellan Fund, Warburg Pincus Emerging Growth Fund, Warburg Pincus International Equity Fund, Conservative Investment Strategy Fund, Moderate Investment Strategy Fund, Aggressive Investment Strategy Fund, Franklin Small Cap Growth Fund, MAS Mid Cap Value Fund, Vanguard Growth Index Fund, Fidelity Equity Income Fund, and the Fidelity Diversified International Fund (collectively "the Funds"). Individual participant accounts are maintained for each investment fund to record participant contributions, employer matching contributions, investment appreciation or depreciation, dividends and interest income. Participants vest immediately in their contributions and the earnings thereon. Participants become immediately vested in all of the Company's matching, Variable Company and Fixed Company contributions upon the completion of five years of vesting service or upon termination of employment due to a distributable event, such as retirement, death, disability or other events as set forth in the Plan. Upon termination of employment for reasons other than a distributable event, -4- Ryerson Tull Savings Plan Notes To Financial Statements, Continued December 31, 1999 and 1998 - -------------------------------------------------------------------------------- nonvested matching contributions are forfeited at the time of distribution. Forfeitures are used to reduce future contributions by the Company. The amounts of forfeitures used to reduce the Company contributions were $300,000 and $0 for the years ended December 31, 1999 and 1998, respectively. Participants may withdraw their contributions and the earnings thereon, subject to certain limitations set forth in the Plan. Certain withdrawals are subject to federal and state income taxes and penalties as required by the Internal Revenue Service ("IRS"). Participants may borrow up to fifty percent or $50,000 of their vested balance, whichever is less (subject to certain limitations set forth in the Plan), excluding vested balances in the Ryerson Tull Common Stock Fund, and the Mutual Benefit Fund, prior to its termination (see Note 5 - Mutual Benefit Fund), for terms not exceeding five years, subject to acceleration under certain circumstances. The interest rate charged on loans is based upon a nationally published prime rate in effect at the beginning of the month in which the loan application is accepted. Participants are entitled to a distribution of all vested amounts upon termination of employment with the Company. Participants may elect to receive a single sum payment or, under certain circumstances set forth in the Plan, installment payments, starting no later than April 1 of the year following the attainment of age seventy and one-half years. Administration The Plan is administered by the Plan Committee ("Committee"), which consists of certain officers of the Company appointed by the Company's Board of Directors. LaSalle National Bank serves as trustee of the Common Stock Fund. Fidelity Management Trust Company ("Fidelity") is trustee under the Plan with responsibility for administering, holding and investing certain assets of the Plan. The costs of certain administrative and investment services provided by Fidelity are paid from participants' accounts or assets within the appropriate investment option, as applicable. Plan Amendments The amendment dated March 18, 1999 allows the employees of Washington Specialty Metals Corporation ("WSM") to participate in the Plan, effective April 1, 1999, as a result of acquisition of WSM by the Company. 2. Summary of Significant Accounting Policies Basis of Accounting The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting. Accordingly, investment income is recognized when earned and expenses are recognized when incurred. -5- Ryerson Tull Savings Plan Notes To Financial Statements, Continued December 31, 1999 and 1998 - -------------------------------------------------------------------------------- Use of estimates 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, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ form those estimates. Investments and investment income Plan participants may allocate all or a percentage of their contributions in any of the investment options listed in Note 3. Realized gains and losses on investment transactions are calculated using the current value method. Under the current value method, realized gains and losses on investments sold are calculated as sales proceeds less an adjusted cost representing current value at the beginning of the year or acquisition cost if acquired during the year. In accordance with the policy of stating investments at fair market value, the net unrealized appreciation or depreciation of the market value of investments for the year, if any, is reflected in the Statement of Changes in Net Assets Available for Plan Benefits. Unrealized gains or losses are calculated as the current value of investments held at the end of the year less their current value at the beginning of the year or acquisition cost if acquired during the year. Interest income is accrued as earned, and dividend income is recorded as of the record date. Contributions and withdrawals Contributions are recorded in the period accrued by the Company. Withdrawals and transfers are valued as of the close of the business day in which they occur. Administrative expenses Certain trustee, recordkeeping, legal and the investment management fees of all funds except the Common Stock Fund are paid by the Plan. All other management fees and administrative expenses of the Plan are paid by the Company. Plan Termination The Company anticipates that the Plan will continue, but reserves the right to terminate the Plan at any time. Upon termination of the Plan, all amounts allocated to the participants' accounts, including all employer- matching contributions, shall vest immediately. The Trustees shall then direct the method and manner of distribution of the Plan's assets to participants or their beneficiaries. 3. Investments and investment income Plan participants may allocate all or a percentage of their contributions in any of the investment options listed below: The Fidelity Retirement Government Money Market Portfolio consists of short-term obligations issued or guaranteed by the U.S. Government. The assets in the fund are stated at cost plus interest, which approximates market value. -6- Ryerson Tull Savings Plan Notes To Financial Statements, Continued December 31, 1999 and 1998 - -------------------------------------------------------------------------------- The Fidelity Stable Value Fixed Income Fund consists of unallocated investment contracts with various insurance companies and pooled investment funds held by Fidelity. The unallocated investment contracts earned a fixed rate of return ranging from 5.52 percent to 7.90 percent in 1999 and are stated at contract value plus interest earned to date. All unallocated investment contracts individually represent less than five percent of the Plan's net assets at December 31, 1999. The pooled investment funds, which consist of investment contracts with various insurance companies and certain types of fixed income securities, are valued at cost plus interest earned to date, which approximates market value. The Fidelity Asset Manager Fund is an asset-allocation fund, which consists of a mix of short-term instruments, bonds and equities. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Fidelity Spartan U.S. Equity Index Portfolio is a pooled investment fund, which invests in various common stocks. The net assets of this fund are valued at the closing market price on the last business day of the year for the individual securities held in the portfolio. The Fidelity Magellan Fund consists of common stock and securities that are convertible into common stock. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Warburg Pincus Emerging Growth Fund invests in domestic common stocks of small and medium sized companies. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Warburg Pincus International Equity Fund invests in international equity securities. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Conservative Investment Strategy Fund invests in a set combination of investment options primarily consisting of the Fidelity U.S. Bond Index Fund and the Stable Value Fixed Income Fund. The net assets of this fund are valued at the closing price of the various mutual funds that comprise this portfolio. The Moderate Investment Strategy Fund invests in a set combination of investment options primarily consisting of the Vanguard Index Trust Growth Portfolio, Fidelity U.S. Bond Index Fund and the Stable Value Fixed Income Fund. The net assets of this fund are valued at the closing price of the various mutual funds that comprise this portfolio. The Aggressive Investment Strategy Fund invests in a set combination of investment options primarily consisting of the Vanguard Index Trust Growth Portfolio, Fidelity Equity-Income Fund and Fidelity U.S. Bond Index Fund. The net assets of this fund are valued at the closing price of the various mutual funds that comprise this portfolio. The Franklin Small Cap Growth Fund invests primarily in common stock of companies with market capitalization of less than $1 billion at the time of investment. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. -7- Ryerson Tull Savings Plan Notes To Financial Statements, Continued December 31, 1999 and 1998 - -------------------------------------------------------------------------------- The MAS Mid Cap Value Fund invests primarily in common stock of companies with market capitalization between $500 million and $3 billion. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Vanguard Growth Index Fund invests in growth equities and has a moderate to aggressive overall risk level. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Fidelity Diversified International Fund invests primarily in foreign equities. The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Fidelity Equity Income Fund invests primarily in income-producing equity securities (both domestic and foreign). The net assets of the fund are valued at the closing market price on the last business day of the year for the individual assets held in the portfolio. The Ryerson Tull Common Stock Fund is valued at the last reported sales price on the last business day of the year. No contributions may be invested into this fund, nor may any transfers be directed into this fund. Transfers may be directed out of the fund at any time. The Mutual Benefit Fund was liquidated on June 1, 1999. See Note 5 for a description of the accounting treatment with respect to the Mutual Benefit Fund. The following investments represent 5 percent or more of the Plan's net assets:
December 31, 1999 1998 --------------- --------------- Stable Value Fixed Income Fund Unallocated investment contracts (aggregated) $ 31,867,348 $ 43,269,011 Pooled investment funds 25,115,654 12,596,295 --------------- --------------- 56,983,002 55,865,306 Spartan U.S. Equity Index Portfolio, 704,747 and 748,629 shares, respectively 36,710,281 32,909,731 Fidelity Retirement Government Money Market Portfolio, 18,492,113 and 26,743,660 shares, respectively 18,492,113 26,743,660 Fidelity Asset Manager Fund, 1,098,098 and 1,111,013 shares, respectively 20,183,034 19,320,522 Fidelity Magellan Fund, 285,307 and 236,599 shares, respectively 38,981,483 28,585,937
-8- Ryerson Tull Savings Plan Notes To Financial Statements, Continued December 31, 1999 and 1998 - -------------------------------------------------------------------------------- During the year ended December 31, 1999, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $16,964,736, as follows: 1999 Mutual funds $16,649,283 Common stock 315,453 ----------- $16,964,736 4. Plan Merger Effective as of December 31, 1998 (the "Plan Merger Date"), the RT Plan was merged with and into the Plan. Each individual who was a "Participant" in the RT Plan became a participant in the Plan effective as of the Plan Merger Date, and each entity that is an "Employer" under the RT Plan immediately prior to the Plan Merger Date became an Employer under the Plan. Any amount not previously allocated to participants' accounts under the Plan was allocated, as of December 31, 1998, as an employer contribution in accordance with the terms of the Plan as amended to reflect the Plan Merger. The fair market value of assets (including participant loans) transferred from the RT Plan amounted to $128,923,920. 5. Mutual Benefit Fund The Plan maintained an unallocated investment contract with Mutual Benefit Life Insurance Company ("Mutual Benefit Fund"). Effective June 1, 1999 the Mutual Benefit Fund was liquidated and all participant balances were transferred to the Stable Value Fixed Income Fund accounts or distributed directly to participants. 6. Tax Status of the Plan The Plan is a defined contribution benefit plan intended to qualify as a profit sharing plan under Section 401(a) of the Internal Revenue Code. The Plan is currently in the process of preparing a request for a determination letter from the IRS. The Plan's tax counsel believes that the Plan is designed in compliance with the applicable requirements of the Internal Revenue Code. The plan administrator believes that the Plan was operated in compliance with the applicable requirements of the Internal Revenue Code. 7. The Master Trust At December 31, 1999, the Plan's interest in the total investment assets of the Master Trust was 100 percent. -9- Ryerson Tull Savings Plan Notes To Financial Statements, Continued December 31, 1999 and 1998 - -------------------------------------------------------------------------------- The following table presents the net assets held by the Master Trust as of December 31, 1999: 1999 Investments at fair market value Interest bearing cash $ 62,720 Pooled investment funds 167,402,287 Common stock 998,297 Guaranteed investment contracts 31,867,348 Participant loans 3,095,691 ------------- Net assets held by the Master Trust $ 203,426,343 ============= The following represents net income for the Master Trust for the year ended December 31, 1999: 1999 Net appreciation in fair value of investments $ 16,964,736 Interest and dividend income 11,211,251 ------------- Total investment income 28,175,987 ============= Participant benefits 17,974,284 Administrative expenses 9,650 ------------- Total expenses 17,983,934 ============= Net investment income $ 10,192,053 ============= The following table presents the changes in the net appreciation in fair value of investments (including gains and losses on investments sold during the year and unrealized gains and losses on investments purchased and held during the year) held by the Master Trust for the year ended December 31, 1999: 1999 Pooled investment funds $ 16,649,283 Common stock 315,453 ------------- Net appreciation in fair value of investments $ 16,964,736 ============= -10- Ryerson Tull Savings Plan Notes To Financial Statements, Continued December 31, 1999 and 1998 - -------------------------------------------------------------------------------- 8. Adoption of Statement of Position (SOP) 99-3 The Plan adopted SOP 99-3, Accounting and Reporting of Certain Defined Contribution Plan Investments and Other Disclosure Matters, which was issued effective September 15, 1999. 9. Subsequent Events Effective March 1, 2000 the assets held by the Ryerson Tull Combined Retirement Plan, as amended and restated, were combined within the Master Trust. On April 1, 2000 (the "Merger Date") the AFCO Metals, Inc. Retirement Plan and J.M. Tull Metals Company, Inc. Employee Profit Sharing Plan (collectively, the "Merged Plans") were merged into the Plan. Each individual who was a "Participant" in the Merged Plans became a participant in the Plan, effective as of the Merger Date. Each entity that was an "Employer" under the Merged Plans immediately prior to the Merger Date became an employer under the Plan. -11- SCHEDULE 1 ---------- RYERSON TULL SAVINGS PLAN ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1999
Identity of issue, borrower, Description of investment including Current lessor or similar party maturity date, rate of interest Cost Value - ------------------------- --------------------------------- ------------ ------------ Cash held by Common Stock Fund $ 67,720 $ 62,720 Receivables - ----------- Loans to participants* Interest rate: 7.75 - 8.5% 3,095,691 3,095,691 Contributions receivable 2,000,845 2,000,845 ------------ ------------ Sub-total - Receivables 5,096,536 5,096,536 ------------ ------------ Corporate Stocks - Common - ------------------------- Ryerson Tull, Inc.* 51,358 shares of common stock 1,373,704 998,297 ------------ ------------ Interest in Pooled Investment Funds - ----------------------------------- Fidelity Short-term Investment Fund* 25,115,654 25,115,654 Fidelity Spartan U.S. Equity Index Portfolio* 704,747 shares in pooled investment fund 27,618,703 36,710,281 Fidelity Retirement Government Money Market Portfolio* 18,492,113 shares in pooled investment fund 18,492,113 18,492,113 Fidelity Asset Manager Fund* 1,098,098 shares in pooled investment fund 19,590,087 20,183,034 Fidelity Magellan Fund* 285,307 shares in pooled investment fund 31,333,003 38,981,483 Fidelity Equity Income Fund* 13,784 shares in pooled investment fund 784,218 737,156 Fidelity Diversified International Fund* 111,567 shares in pooled investment fund 2,195,090 2,858,359 Franklin Small Cap Growth Fund* 60,583 shares in pooled investment fund 1,685,737 2,673,537 MAS Mid Cap Value Fund 43,483 shares in pooled investment fund 909,410 954,448 Vanguard Growth Index Fund 253,206 shares in pooled investment fund 8,393,818 9,983,931 Conservative Strategy Fund 45,102 shares in pooled investment fund 473,990 499,730 Moderate Strategy Fund 113,294 shares in pooled investment fund 1,205,881 1,364,059 Aggressive Strategy Fund 131,043 shares in pooled investment fund 1,454,822 1,728,453 Warburg Pincus Emerging Growth Fund 91,038 shares in pooled investment fund 3,586,219 4,539,175 Warburg Pincus International Equity Fund 93,004 shares in pooled investment fund 1,700,032 2,580,874 ------------ ------------ Sub-total - Interest in Pooled Investment Funds 144,538,777 167,402,287 ------------ ------------
Identity of issue, borrower, Description of investment including Current lessor or similar party maturity date, rate of interest Cost Value - ------------------------- --------------------------------- ------------ ------------ Unallocated Investment Contracts - -------------------------------- Bankers Trust Synthetic MBS Contract, due on various maturity 58,034 58,034 dates through 02/25/2000, 6.14% CDC Capital Inc Investment Contract, due on various maturity 728,151 728,151 dates through 1/3/00, 7.78% CDC Capital Inc Investment Contract, due on various maturity 359,171 359,171 dates through 4/15/01, 6.46% Chase Manhattan Bank Synthetic ABS Contract, due on various maturity 1,064,844 1,064,844 dates through 6/17/02, 7.40% Combined Insurance Investment Contract, due on various maturity 527,401 527,401 dates through 2/28/03, 6.35% Deutsche Bank Synthetic ABS Contract, due on various maturity 1,347,630 1,347,630 dates through 12/16/02, 6.50% Deutsche Bank Synthetic ABS Contract, due on various maturity 1,357,419 1,357,419 dates through 12/10/01, 6.59% GE Life and Annuity Investment Contract, due on various maturity 1,169,378 1,169,378 dates through 11/15/02, 6.03% John Hancock Mutual Investment Contract, due on various maturity 2,044,966 2,044,966 dates through 4/16/02, 7.03% Monumental Life Insurance Investment Contract, due on various maturity 1,325,766 1,325,766 dates through 9/28/00, 6.77% Monumental Life Insurance Investment Contract, due on various maturity 1,056,090 1,056,090 dates through 7/31/00, 6.67% Monumental Life Insurance Synthetic MBS Contract, due on various maturity 307,033 307,033 dates through 3/26/01, 6.14% Monumental Life Insurance Synthetic MBS Contract, due on various maturity 1,229,481 1,229,481 dates through 7/25/01, 7.70%
Identity of issue, borrower, Description of investment including Current lessor or similar party maturity date, rate of interest Cost Value - ---------------------------- ----------------------------------- --------- --------- Monumental Life Insurance Synthetic MBS Contract, due on various maturity 762,335 762,335 dates through 3/15/01, 5.78% Monumental Life Insurance Synthetic MBS Contract, due on various maturity 229,543 229,543 dates through 3/15/01, 5.81% Morgan Guaranty Synthetic MBS Contract, due on various maturity 1,001,030 1,001,030 dates through 1/15/01, 7.90% Morgan Guaranty Synthetic ABS Contract, due on various maturity 733,704 733,704 dates through 8/15/00, 7.85% Morgan Guaranty Synthetic ABS Contract, due on various maturity 669,132 669,132 dates through 3/15/03, 5.94% New York Life Investment Contract, due on various maturity 1,786,022 1,786,022 dates through 11/19/01, 6.88% Ohio National Investment Contract, due on various maturity 1,278,010 1,278,010 dates through 4/10/01, 7.02% Principal Mutual Investment Contract, due on various maturity 1,090,870 1,090,870 dates through 7/2/01, 7.15% Principal Mutual Investment Contract, due on various maturity 595,955 595,955 dates through 12/31/00, 7% Principal Mutual Investment Contract, due on various maturity 1,348,397 1,348,397 dates trough 8/30/01, 7.23% Safeco Life Insurance Investment Contract, due on various maturity 1,093,360 1,093,360 dates through 8/31/00, 7.09% State Street Bank Synthetic Corporate Contract, due on various maturity 670,327 670,327 dates through 1/16/01, 5.52%
Identity of issue, borrower, Description of investment including Current lessor or similar party maturity date, rate of interest Cost Value - --------------------------- ----------------------------------- ---------- -------- State Street Bank Synthetic ABS Contract, due on various maturity dates through 6/25/03, 6.09% 660,340 660,340 State Street Bank Synthetic MBS Contract, due on various maturity dates through 4/15/03, 6.19% 794,692 794,692 State Street Bank Synthetic Govt. Agency Contract, due on various maturity dates through 4/17/01, 5.46% 678,941 678,941 State Street Bank Synthetic MBS Contract, due on various maturity dates through 4/15/03, 5.88% 671,196 671,196 State Street Bank Synthetic ABS Contract, due on various maturity dates through 7/15/02, 5.89% 679,322 679,322 Transamerica Life Insurance Synthetic ABS Contract, due on various maturity dates through 3/6/02, 5.86% 585,490 585,490 Transamerica Life Insurance Synthetic CMBS Contract, due on various maturity dates through 3/17/04, 5.66% 317,102 317,102 Transamerica Occidental Investment Contract, due on various maturity dates through 2/12/01, 6.89% 1,272,448 1,272,448 UBS AG Synthetic ABS Contract, due on various maturity dates through 5/20/02, 6.36% 1,159,497 1,159,497 UBS AG Synthetic ABS Contract, due on various maturity dates through 4/15/03, 6.78% 441,415 441,415 UBS AG Synthetic ABS Contract, due on various maturity dates through 10/15/02, 6.82% 772,856 772,856 ------------ ------------ Sub-total - Unallocated Investment Contracts 31,867,348 31,867,348 ------------ ------------ Total Assets $182,944,085 $205,427,188 ============ ============ *Permitted party in interest transaction.
SIGNATURES Ryerson Tull Savings Plan. 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. RYERSON TULL SAVINGS PLAN ------------------------- (Name of Plan) Date: June 26, 2000 By: TERENCE R. ROGERS ---------------------------------------- Terence R. Rogers Treasurer and Member of Ryerson Tull Savings Plan Committee Index to Exhibits Exhibit Number Description - ------- -------------------------------------------- 23 Consent of Independent Accountants EX-23 2 0002.txt CONSENT OF INDEPENDENT ACCOUNTANTS EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-32504) and Post-Effective Amendment No. 1 to Form S-8 Registration Statement (No. 33-1329) of Ryerson Tull, Inc. of our report dated June 9, 2000 relating to the financial statements of the Ryerson Tull Savings Plan, which appears on page 1 of this Form 11-K. PRICEWATERHOUSECOOPERS LLP Chicago, Illinois June 26, 2000 -----END PRIVACY-ENHANCED MESSAGE-----