American Home
Products Corp.
($ millions)
Total assets 4,186
Defined benefit 2,557
401(k)/457 1,629
Employer DB contributions 205
Benefit payments 226
Total DC contributions 130
The fund uses:
Fixed-income futures
Defined benefit asset mix:
Stocks 60%
Fixed income 38%
Cash equivalents 1%
Real estate equity 1%
Defined contribution asset mix:
Company stock 28%
Other stock 36%
Fixed income 4%
GICs/BICs 32%
MADISON, N.J. - As of Sept. 30, American Home Products Corp.'s total employee benefit assets increased 24% from a year earlier
Defined benefit assets increased 23% during the same period; defined contribution assets increased 24%.
Employer contributions to the defined benefit plan increased 561%; benefits paid decreased 2%.
Defined benefit managers:
Domestic equities: Sanford Bernstein; J.P. Morgan; Putnam; Fidelity; WEDGE Capital; Target Investors.
International equities: Walter Scott; J.P. Morgan; Putnam.
Domestic fixed-income: PIMCO; State Street Research; J.P. Morgan.
Real estate: ERE Yarmouth; J.P. Morgan.
Defined contribution managers:
Domestic equities: Fidelity; Miller Anderson & Sherrerd.
International equities and balanced: Fidelity.
The master trustee/custodian and global custodian is Northern Trust.
Key person overseeing the investment management of the defined benefit fund is Richard J. Fichtel, director, benefit plan investments. Overseeing the defined contribution plan are Ralph Mondare, director of benefits; John Sandi, manager of benefits; and Mr. Fichtel.
American Stores Co.
($ millions)
Total assets 4,032
401(k)/457 4,032
Total DC contributions 168
Defined contribution asset mix:
Company stock 10.5%
Other stock 52.8%
Fixed income 36.1%
Cash equivalents 0.4%
Other 0.2%
SALT LAKE CITY - As of Sept. 30, American Stores Co.'s total employee benefit assets - all defined contribution assets - increased 19.5% from a year earlier.
Defined contribution managers:
Domestic equities: Brinson; Lazard; Institutional Capital; Fayez Sarofim; Babson; Snyder; Wasatch; RCM; Duncan-Hurst.
International equities: Templeton; Baring; Rowe Price-Fleming.
Domestic fixed-income: LB&T; Loomis Sayles; Harris; Neuberger; PIMCO; Standish Ayer.
International fixed-income: Putnam; Morgan Grenfell; Mercury.
Real estate: RREEF; LaSalle; CB Commercial.
Lifecycle: Fidelity.
The master trustee/custodian and global custodian is Fidelity Investments.
Key personnel overseeing the investment management of the fund are Duane Whitney, director retirement plans; and Scott Bergeson, senior vice president, human resources.
Ameritech Corp.
($ millions)
Total assets 18,584
Defined benefit 13,825
Total defined contribution 4,759
Employer DB contributions 0
Benefit payments 790
Total DC contributions 192
Internally managed assets:
Defined benefit 1,500
Defined benefit asset mix:
Stocks 59%
Fixed income 25%
Private equity 4%
Real estate equity 12%
Defined contribution asset mix:
Company stock 56%
Other stock 26%
Fixed income 2%
GICs/BICs 16%
CHICAGO - As of Sept. 30, Ameritech Corp.'s total employee benefit assets were $18.6 billion. Defined benefit assets were $13.8 billion; defined contribution assets were $4.8 billion.
The company made no employer contributions to the defined benefit plan.
The master trustee/custodian and global custodian is State Street Bank & Trust Co.
Key personnel overseeing the investment management of the defined benefit and defined contribution assets are: William Stephens, chief investment officer; Susan E. Manske, director-risk management; and Robert F. Crichton, director-equity investments.
Amoco Corp.
($ millions)
Total assets 7,300
Defined benefit 3,000
401(k)/457 4,300
Employer DB contributions 100
Benefit payments 245
Total DC contributions 80
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Swaps
Defined benefit asset mix:
Stocks 76%
Fixed income 15%
Other 9%
Defined contribution asset mix:
Company stock 56%
Other stock 19%
Fixed income 1%
Cash equivalents 19%
Other 5%
CHICAGO - As of Sept. 30, Amoco Corp.'s total employee benefit assets increased 26% from a year earlier. Defined benefit assets increased 25% during the same period; defined contribution assets increased 27%.
Employer contributions to the defined benefit plan were unchanged; benefits paid increased 6%.
Defined benefit managers:
Domestic equities: Bankers Trust; DSI International; Franklin Portfolio; RhumbLine; Travelers Investment.
International equities: DSI International; State Street Global; WorldInvest.
Domestic fixed-income: Bankers Trust; Fischer, Francis; PIMCO.
Real estate: ERE Yarmouth.
Other managers: ARM Capital; Chase Manhattan; EHCG Funds; First Quadrant; Innovest Capital; Lazard Freres; Martingale; Noddings; Numeric; Salus Capital; Standish, Ayer; Statistical Sciences.
Defined contribution managers:
Domestic equities: Bankers Trust; State Street Global.
Domestic fixed-income: Bankers Trust.
Balanced: State Street Global.
The master trustee/custodian is Chase Manhattan for the defined benefit plan and State Street Bank for the defined contribution plan. The global custodian is Chase Manhattan.
Key personnel overseeing the investment management of the defined benefit and defined contribution plans are M.L. Damsma, director, trust investments; and J.S. Ruey, manager, trust investments.
