EX-25.1 11 formt.htm FORM OF T-1 STATEMENT OF ELIGIBILITY Exhibit 25

Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an application to determine eligibility of a Trustee
pursuant to Section 305 (b)(2) ____


CITIBANK, N.A.
(Exact name of trustee as specified in its charter)

13-5266470
(I.R.S. employer identification no.)

399 Park Avenue, New York, New York

10043

(Address of principal executive office)

(Zip Code)


MANPOWER INC.

(Exact name of obligor as specified in its charter)

Wisconsin

39-1672779

(State or other jurisdiction of

(I.R.S. employer

incorporation or organization)

Identification no.)

5301 N. Ironwood Road

 

Milwaukee, Wisconsin

53217

(Address of principal executive offices)

(Zip Code)


Zero Coupon Convertible Debentures due August 17, 2021
(Title of the indenture securities)

 

 

 

Item 1. General Information.

                       Furnish the following information as to the trustee:

            (a)      Name and address of each examining or supervising authority to which it is
                      subject.

 

Name

Address

 

Comptroller of the Currency

Washington, D.C.

     
 

Federal Reserve Bank of New York

New York, NY

 

33 Liberty Street

 
 

New York, NY

 
     
 

Federal Deposit Insurance Corporation

Washington, D.C.

            (b)      Whether it is authorized to exercise corporate trust powers.

                       Yes.

Item 2. Affiliations with Obligor.

                     If the obligor is an affiliate of the trustee, describe each such affiliation.

                             None.

Item 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

 

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect. (Exhibit 1 to T-1 to Registration Statement No. 2-79983)

 

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business. (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

 

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers. (Exhibit 3 to T-1 to Registration Statement No. 2-55519)

 

Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1 to Registration Statement No. 33-34988)

 

Exhibit 5 - Not applicable.

 

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939. (Exhibit 6 to T-1 to Registration Statement No. 33-19227.)

 

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of June 30, 2001 - attached)

 

Exhibit 8 - Not applicable.

 

Exhibit 9 - Not applicable.


SIGNATURE

      Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the October 1, 2001.

 

 

 

CITIBANK, N.A.

 
     
 

By

/s/Peter M. Pavlyshin

   

Peter M. Pavlyshin

   

Assistant Vice President

 

 

 

 

 

 

 

 

 

Exhibit 7

Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION CONSOLIDATING
DOMESTIC AND FOREIGN SUBSIDIARIES OF
Citibank, N.A. of New York in the State of New York,
at the close of business on June 30, 2001, published in
response to call made by Comptroller of the Currency,
under Title 12, United States Code, Section 161.
Charter Number 1461 Comptroller of the
Currency Northeastern District.

ASSETS

Thousands of dollars

Cash and balances due from depository institutions:

 

Noninterest-bearing balances and currency and coin

$ 9,584,000

Interest-bearing balances

17,387,000

Held-to-maturity securities

0

Available-for-sale securities

38,680,000

Federal funds sold and securities purchased under agreements to resell

14,143,000

Loans and leases held for sale

10,171,000

Loans and lease financing receivables:

 

Loans and Leases, net of unearned income

238,620,000

LESS: Allowance for loan and lease losses

4,532,000

Loans and leases, net of unearned income, allowance, and reserve

234,088,000

Trading assets

35,100,000

Premises and fixed assets (including capitalized leases)

3,911,000

Other real estate owned

261,000

Investments in unconsolidated subsidiaries and associated companies

862,000

Customers' liability to this bank on acceptances outstanding

1,160,000

Intangible assets: Goodwill

2,433,000

Intangible assets: Other intangible assets

3,610,000

Other assets

20,791,000

TOTAL ASSETS

$392,181,000
==========

   

LIABILITIES

 

Deposits: In domestic offices

$ 73,813,000

Noninterest- bearing

14,495,000

Interest- bearing

59,318,000

In foreign offices, Edge and Agreement subsidiaries, and IBFs

208,338,000

Noninterest- bearing

14,372,000

Interest- bearing

193,966,000

Federal funds purchased and securities sold under agreements to repurchase

11,307,000

Demand notes issued to the U.S. Treasury

0

Trading liabilities

20,654,000

Other borrowed money (includes mortgage indebtedness and obligations
under capitalized leases): ss


21,841,000

Bank's liability on acceptances executed and outstanding

1,160,000

Subordinated notes and debentures

8,675,000

Other liabilities

18,198,000

TOTAL LIABILITIES

$363,986,000

   

EQUITY CAPITAL

 

Perpetual preferred stock and related surplus

0

Common stock

751,000

Surplus

11,584,000

Undivided profits and capital reserves

16,506,000

Accumulated net gains (losses) on cash flow hedges

-857,000

Other equity capital components

           0

TOTAL EQUITY CAPITAL

$27,984,000

TOTAL LIABILITIES AND EQUITY CAPITAL

$392,181,000
==========

 

I, Roger W. Trupin, Controller of the above-named bank
do hereby declare that this Report of Condition is true
and correct to the best of my knowledge and belief.
ROGER W. TRUPIN CONTROLLER

We, the undersigned directors, attest to the correctness
of this Report of Condition. We declare that it has
been examined by us, and to the best of our knowledge
and belief has been prepared in conformance with the
instructions and is true and correct.
ALAN S. MACDONALD
WILLIAM R. RHODES
VICTOR J. MENEZES
DIRECTORS