-----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, CjisL0GWTrgKzNERqclSrf+gccNvABME6zZ5er2qNkBwvoofyqQIR9ZQCQK+EuNM Huay70tdgOKQy7vc0EDhJg== 0000950131-98-001647.txt : 19980313 0000950131-98-001647.hdr.sgml : 19980313 ACCESSION NUMBER: 0000950131-98-001647 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980312 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ML PRINCIPAL PROTECTION LP CENTRAL INDEX KEY: 0000917259 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 133750642 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-07593 FILM NUMBER: 98564381 BUSINESS ADDRESS: STREET 1: 6TH FL, SOUTH TOWER, M L WORLD HDQR STREET 2: C/O ML FUTURES INVESTMENT PARTNERS INC CITY: NEW YORK STATE: NY ZIP: 10080-6106 BUSINESS PHONE: 2122364161 MAIL ADDRESS: STREET 1: C/O MERRILL LYNCH INVESTMENT PARTNERS IN STREET 2: WORLD FINANCIAL CENTER S TOWER 6TH FL CITY: NEW YORK STATE: NY ZIP: 10080-6106 FORMER COMPANY: FORMER CONFORMED NAME: ML PRINCIPAL PROTECTION PLUS LP DATE OF NAME CHANGE: 19940616 FORMER COMPANY: FORMER CONFORMED NAME: SECTOR STRATEGY FUND VII LP DATE OF NAME CHANGE: 19940107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ML PRINCIPAL PROTECTION TRADING LP CENTRAL INDEX KEY: 0000925433 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133775509 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-07593-01 FILM NUMBER: 98564382 BUSINESS ADDRESS: STREET 1: ML INVESTMENT PARTNERS INC STREET 2: WORLD FINANCIAL CENTER S TOWER 6TH FL CITY: NEW YORK STATE: NY ZIP: 10080-6106 BUSINESS PHONE: 2122364167 MAIL ADDRESS: STREET 1: MERRILL LYNCH INVESTMENT PARTNERS STREET 2: WORLD FINANCIAL CENTER S TOWER 6TH FL CITY: NEW YORK STATE: NY ZIP: 10080-6106 FORMER COMPANY: FORMER CONFORMED NAME: ML PRINCIPAL PROTECTION PLUS TRADING LP DATE OF NAME CHANGE: 19940616 424B3 1 MONTHLY REPORT JANUARY 1998 MERRILL LYNCH INVESTMENT PARTNERS INC. [PHOTO] ML Principal Protection L.P. Monthly Statement January 1998 ------------------------------ [LOGO] Merrill Lynch ML Principal Protection L.P. As previously mentioned, beginning January 1, 1998, Merrill Lynch Investment Partners Inc. ("MLIP"), the general partner of ML Principal Protection L.P. (the "Fund"), is providing monthly summary financial information, but market commentary only on a quarterly basis. The Net Asset Value ("NAV") of the Fund increased during January. Please see the accompanying summary financial information for the NAV of your series of Units. During January 1998, John R. Frawley, Jr. became Chairman of MLIP, replacing Allan N. Jones, who continues as a director. In addition, Joseph H. Moglia and Stephen G. Bodurtha were elected directors of MLIP. Joseph H. Moglia was born in 1949. He is a Director of MLIP. In 1971, he graduated from Fordham University with a Bachelor of Arts degree in Economics. He later received his Master of Science degree from the University of Delaware. He coached at the high school and college level for sixteen years. Mr. Moglia joined Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") in 1984, and has served in a number of senior roles, including Director of New York Fixed Income Institutional Sales, Director of Global Fixed Institutional Sales, and Director of the Municipal Division. He is currently Senior Vice President and Director of the Investment Strategy and Product Group of the Merrill Lynch Private Client Group, and Director of Middle Markets. Stephen G. Bodurtha was born in 1958. Mr. Bodurtha is a Director of MLIP. In 1980, Mr Bodurtha graduated from Wesleyan University, Connecticut with a Bachelor of Arts degree in Government, magna cum laude. From 1980 to 1983, Mr. Bodurtha worked in the Investment Banking Division of Merrill Lynch. In 1985, he was awarded his Master of Business Administration degree from Harvard University, where he also served as Associates Fellow (1985-1986). From 1986 to 1989, Mr. Bodurtha held the positions of Associate and Vice President with Kidder, Peabody & Co., Incorporated where he worked in their Financial Futures & Options Group. Mr. Bodurtha joined MLPF&S in 1989 and has held the position of First Vice President since 1995. He has been the Director in charge of MLPF&S's Structured Investments Group since 1995. 1998 Year-to-Date Gross Total Trading Results* Through January 31 Agriculture $(229,862) Currencies (527,116) Energy 31,480 Financial Instruments 1,299,409 Metals (308,584) Stock Indices (57,769) ----------- Total $207,558 *Before deduction of any fees and charges FOR THE EXCLUSIVE USE OF INVESTORS IN ML PRINCIPAL PROTECTION L.P. THIS MONTHLY REPORT IS NOT AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. AN OFFER CAN ONLY BE MADE BY A CURRENT PROSPECTUS, AS SUPPLEMENTED, TOGETHER WITH SUMMARY FINANCIAL INFORMATION FOR THE FUND CURRENT WITHIN 60 DAYS. THESE MATERIALS CONTAIN IMPORTANT INFORMATION ABOUT RISK FACTORS, PERFORMANCE AND OTHER ASPECTS OF THE FUND AND MUST BE READ CAREFULLY BEFORE INVESTING. FUTURES TRADING IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THIS MONTHLY REPORT MUST NOT BE REPRODUCED OR DISTRIBUTED IN ANY MANNER. ML Principal Protection L.P. January 31, 1998 Statement of Changes in Net Asset Value Net Asset Value (942,619.12 Units) at December 31, 1997 $101,226,685 Additions of 69,663.05 6,966,305 Net Income/(Loss) for January 1998 78,403 Redemptions of 7,505.80 Units (807,274) Distribution - Series B Units (125,500) Distribution - Series F Units (267,308) Net Asset Value (1,004,776.37 Units) at ------------ January 31, 1998 $107,071,311 ============ Net Asset Value at January 31, 1998 Series A Units $ 113.84* ============ Series B Units $ 109.25* ============ Series C Units $ 108.25* ============ Series D Units $ 110.04* ============ Series E Units $ 109.50* ============ Series F Units $ 104.39* ============ Series G Units $ 106.62* ============ Series H Units $ 106.72* ============ Series K Units $ 104.83 ============ Series L Units $ 102.14 ============ Series M Units $ 103.74 ============ Series N Units $ 100.02 ============ * The Net Asset Value per Unit does not include the annual distributions paid to Unitholders. ================================================================================ Statement of Income/(Loss) January Revenues: ------- Realized Profit/(Loss) $1,042,572 Change in Unrealized Profit/(Loss) (835,014) ----------- Total Trading Results 207,558 Interest Income 516,662 ----------- Total Revenues 724,220 Expenses: Brokerage Commissions 530,223 Administrative Fees 15,149 Allocation of New Profit Share 102,957 ----------- Total Expenses 648,329 ----------- Net Income/(Loss) Before Minority Interest 75,891 ----------- Minority Interest 2,512 ----------- Net Income/(Loss) $ 78,403 =========== To the best of the knowledge and belief of the undersigned the information contained in this report is accurate and complete. /s/ Michael A. Karmelin ------------------- Michael A. Karmelin Chief Financial Officer Merrill Lynch Investment Partners Inc. -----END PRIVACY-ENHANCED MESSAGE-----