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ATTACHMENT B-2
Year UAW Pension Ford Pension Social Sec.
1983
1984
1985
1986 $ 5,384.61
1987 $ 8,256.96
1988 $ 8,411.04 $13,220.16 - -
1989 $ 9,752.92 $14,113.23 $ 5,040.00
1990 $10,824.84 $11,793.33 $ 9,048.00
1991 $11,120.32 $12,831.12 $ 9,528.00
1992 $11,476.80 $12,831.12 $ 9,886.20
Total $65,227.49 $64,788.96 $33,502.20
-15-
1989
Ford-Plant $ 7,606.44
UAW Pension 9,752.92
Ford Pension 14,113.23
Social Sec. 5,040.00
Total $36,512.59
1990
John Hancock $ 8,013.60
UAW Pension 10,824.84
Ford Pension 11,793.33
Social Sec. 9,048.00
Total $39,679.77
1991
John Hancock $ 8,013.60
UAW Pension 11,120.32
Ford Pension 12,831.12
Social Sec. 9,528.00
Total $41,493.04
1992
John Hancock $ 2,671.20
UAW Pension 11,476.80
Ford Pension 12,831.12
Social Sec. 9,886.20
Total $36,865.32
1993
UAW Pension $ 9,855.90
Ford Pension 10,485.56
Social Sec. 8,120.00
Total $28,461.46
Grand Total (1983 - 1993) $412,528.16
-2-
1990
$64,130.87 Economic benefits
-39,679.77 Income
24,451.10 Lost income
5,487.08 Interest on lost income
3,522.53 UAW Severance contribution
2,409.40 Interest on Severance contribution
3,387.17 3 weeks banked vacation pay
1,200.00 Auto Insurance
150.00 2 weeks vacation bonus
250.00 Health club reimbursement
$40,857.28
1991
$66,172.77 Economic benefits
-41,493.04 Income
24,679.73 Lost income
3,153.11 Interest on lost income
3,644.84 UAW Severance contribution
2,702.33 Interest on Severance contribution
3,504.97 3 weeks banked vacation pay
1,200.QO. Auto Insurance
150.00 2 weeks vacation bonus
250.00 Health club reimbursement
$39,284.98
1992
$69,341.16 Economic benefits
-36,865.32 Income
32,475.84 Lost income
2,065.90 Interest on lost income
3,816.70 UAW Severance contribution
2,182.38 Interest on Severance contribution
3,669.59 3 weeks banked vacation pay
1,200.00 Auto Insurance
150.00 2 weeks vacation bonus
250.00 Health club reimbursement
$45,810.41
-4-
FINANCIAL STATEMENTS
U.A.W. MASTER PENSION TRUST
DETROIT, MICHIGAN
DECEMBER 31, 1997 AND 1998
CLARENCE F. JOHNSON, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
TELEPHONE (248) 398-4040
FAX (248) 544-8414
26212 WOODWARD AVENUE - P.O. BOX 427
MEMBER ROYAL OAK, MICHIGAN 48068
AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
MICHIGAN ASSOCIATION OF
CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT
July 13, 1999
Board of Administration
International Union
U.A.W. Master Pension Trust
8000 E. Jefferson Avenue
Detroit, Michigan 48214
Ladies and Gentlemen:
We were engaged to audit the financial statements of U.A.W. Master Pension Trust as of December 31, 1997 and 1998, and for the years then ended and the supplemental schedules as of and for the year ended December 31, 1998 as listed in the accompanying table of contents. These financial statements and schedules are the responsibility of the Plan's management.
As permitted by 29 CFR 2520.103-8 of the Department of Labor's Rules and Regulations for Reporting and Disclosure -under the Employee Retirement Income Security Act of 1974, the plan administrator instructed us not to perform, and we did not perform, any auditing procedures with respect to the information summarized in the notes which was certified by State Street Bank and Trust Company, the trustee of the Plan, except for comparing the information with the related information included in the financial statements and supplemental schedules. We have been informed by the plan administrator that the trustee holds the Plan's investment assets and executes investment transactions. The plan administrator has obtained certification from the trustee as of and for the years ended December 31, 1997 and 1998, that the information provided to the plan administrator by the trustee is complete and accurate.
Because of the significance of the information that we did not audit, we are unable to, and do not, express an opinion on the accompanying financial statements and schedules taken as a whole. The form and content of the information included in the financial statements and schedules, other than that derived from the information certified by the trustee, have been audited by us in accordance with generally accepted auditing standards and, in our opinion, are presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.
Very truly yours,
CERTIFIED PUBLIC ACCOUNTANTS
TABLE OF CONTENTS
EXHIBIT "A" - 31-Current Value of Plan Assets and Liabilities
Years Ended December 31, 1997 and 1998
EXHIBIT "B" - 32-Income, Expenses, and Changes in Net Assets
Years Ended December 31, 1997 and 1998
SUPPLEMENTAL SCHEDULES
Schedule "A-l" - 27a(l)-Investment Securities
December 31, 1997
Schedule "A-2" - 27a(l)-Investment Securities
December 31, 1998
Schedule ".A-3" - 27a(2)-Schedule of Assets Held for Investment
Purposes
December 31, 1998
Schedule "A-4" - 27d-Schedule of Five Percent Reportable
Transactions
December 31, 1998
Schedule "A-5" - Schedule of Participating Plans
December 31, 1998
Schedule "A-6" - Schedule of Fees Paid
December 31, 1998
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997
EIN #38-3140311
SHARES OR
FACE AMOUNT INTEREST BEARING CASH COST MARKET VALUE
46,789,946.36 State Street Bank and Trust Co
Short Term Investment Fund 46,789,946.36 $ 46,789,946.36
Total Interest Bearing Cash $ 46,789,946.36 $ 46,789,946.36
U. S. GOVERNMENT
734,911.96 Fed Hm Ln PC
6.500% Maturing 2/01/2027 $ 707,352.78 $ 726,409.03
1,316,700.00 Fed Home Ln PC
6.500% Maturing 12/01/2012 1,318,551.60 1,318,754.05
1,177,907.10 Fed Hm Ln PC
7.000% Maturing 2/01/2009 1,220,239.20 1,202,937.62
432,122.31 Fed Hm Ln PC
8.000% Maturing 1/1/2010 424,357.61 446,568.16
386,627.11 Fed Hm Ln PC
8.000% Maturing 12/01/2009 379,619.49 399,552.05
780,545.03 Fed Hm Ln PC
6.500% Maturing 11/01/2011 775,178.80 782,738.36
1,917.12 Federal Home Ln Mtg PC Gtd
Ser 180 Cl 180 J
1.000% Maturing 9/15/2021 58,893.91 50,718.00
4,918.17 Federal Home Ln Mtg PC Gtd
Ser W82 Cl 1082 D
1.000% Maturing 5/15/2021 145,801.10 156,016.65
250,000.00 Federal Home Ln Mtg PC Gtd
Ser 1065 Cl 10653
9.000% Maturing 4/15/2021 259,335.94 270,780.00
110,815.40 Federal Home Ln Mtg PC Gtd
Ser 1079 Cl S 15.9375
1.000% Maturing 5/15/2021 111,404.10 121,377.22
3,459.47 Federal Home Ln Mtg PC Gtd
Ser 1172 Cl 1172 L
1.000% Maturing 11/15/2021 155,606.96 97,625.68
14,956.35 Federal Home Ln Mtg PC Gtd
Ser 1196 Cl B
1.000% Maturing 1/15/2022 134,839.50 203,422.87
214,103.32 Fed Hm Ln PC
12.000% Maturing 8/01/2015 237,320.15 246,366.55
350,000.00 Federal Home Ln Mtg PC Gtd
Ser 1295 Cl 1295 JB
4.500% Maturing 3/15/2007 279,890.63 326,592.00
*See accompanying notes and accountants' report.
Schedule "A-l"
(continued )
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U. S. GOVERNMENT (cont'd) COST MARKET VALUE
500,000.00 Federal Home Ln Mtg PC Gtd
FGRM 1349 PH
6.500 Maturing 2/15/2016 438,437.50 $ 501,250.00
515,031.05 Federal Home Ln Mtg PC Gtd
Ser 1378 Cl JZ
7.500% Maturing 11/15/2021 424,541.29 539,010.90
217,634.50 Federal Home Ln Mtg PC Gtd
Ser 1389 Cl SA
1.000% Maturing 10/15/2007 151,936.09 184,989.32
450,000.00 Federal Home Ln Mtg PC Gtd
Ser 1418 Cl 1418B
6.500% Maturing 11/15/2019 407,109.38 449,154.00
3,440,404.78 Federal Home Ln Mtg PC Gtd
Ser 1465 Cl 1465 SA
1.000% Maturing 2/15/2008 184,961.43 156,551.49
452,827.44 Federal Home Ln Mtg PC Gtd
Ser 1488 Cl 1488 J
1.000% Maturing 4/15/2008 436,412.45 451,129.34
3,139,365.52 Federal Home Ln Mtg PC Gtd
Cl 1506 SD Var Rate
1.000% Maturing 5/15/2008 141,394.06 170,142.94
363,006.01 Federal Home Ln Mtg PC Gtd
Ser 1533 Cl A
6.500% 4/15/2020 331,469.83 363,343.61
1,622,522.61 Fed Hm Ln PC
6.500% Maturing 1/01/2024 1,625,564.85 1,612,884.83
1,974,338.51 Fed Hm Ln PC
8.000 Maturing 7/01/2025 2,007,963.95 2,045,276.49
383,766.94 Fed Hm Ln PC
8.000% Maturing 4/01/2026 388,923.81 397,375.32
769,282.50 Fed Hm Ln PC
8.500% Maturing 9/01/2003 797,890.20 784,314.28
380,000.00 Federal Home Ln Bks
6.150% Maturing 10/23/2000 379,762.50 380,654.47
366,311.28 Federal Home Ln Mtg PC Gtd
Ser 1561 Cl 1561 SC Var Rate
1.000% Maturing 8/15/2008 300,833.14 356,120.50
176,149.20 Federal Home Ln Mtg PC Gtd
Ser 1583 Cl 1583 NS
1.000% Maturing 9/15/2023 83,780.97 140,202.43
*See accompanying notes and accountants' report.
Schedule "A-l"
(Continued 3)
EIN #38-3140311
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U.S. GOVERNMENT (cont'd) COST MARKET VALUE
750,000.00 Federal Home Ln Mtg PC Gtd
Ser 1602 C1 1602 0
6.000% Maturing 10/15/2023 649,804.69 $ 725,625.00
1,303,347.10 Federal Home Ln Mtg PC Gtd
Ser 1589 C1 1589 Z
6.250% Maturing 9/15/2023 1,201,523.12 1,190,933.41
2,064,733.77 Federal Home Ln Mtg PC Gtd
Ser 1595 C1 1595 S Var Rate
1.000 Maturing 10/15/2013 113,641.03 92,090.22
428,560.47 Federal Home Ln Mtg PC Gtd
Ser 1646 C1 1646 MB
1.000% Maturing 10/15/2022 412,489.45 420,790.67
1,000,000.00 Federal Home Ln Mtg PC Gtd
Ser 1625 C1 1625 FG
1.000% Maturing 12/15/2008 968,437.50 987,180.00
221,304.82 Federal Home Ln Mtg PC Gtd
Ser 1647 Cl SB Var Rate
1.000% Maturing 12/15/2008 179,879.32 186,033.26
400,000.00 Federal Home Ln Mtg PC Gtd
Ser 1628 Cl 1628 S Var Rate
1.000% Maturing 12/15/2023 175,390.63 254,624.00
1,000,735.01 Federal Home Ln Mtg PC Gtd
Ser 1700 C1 1700GA
0.010% Maturing 2/15/2024 500,367.50 579,626.72
115,561.20 Federal Home Ln Mtg PC Gtd
Ser 1686 C1 A
5.000% Maturing 2/15/2024 93,676.80 107,688.02
225,866.50 Federal Home Ln Mtg PC Gtd
Ser 1686 C1 1686 SH Var Rate
1.000% Maturing 2/15/2024 166,153.04 189,860.51
229,792.48 Federal Home Ln Mtg PC Gtd
ser 1694 Cl 1694 SE Var Rate
1.000% Maturing 5/15/2023 196,368.12 229,792.48
671,493.08 Federal Home Ln Mtg PC Gtd
Ser 1706 C1 1706/LA
7.000% Maturing 11/15/2021 640,069.32 675,266.87
275,000.00 Federal Home Ln Mtg PC Gtd
Ser 1689 Cl 1689 SD Var Rt
1.000% Maturing 10/15/2023 183,046.88 244,750.00
3,167,265.68 Federal Home Ln Mtg PC Gtd
Ser G029 C1 G029 SD Var Rate
1.000% Maturing 4/25/2024 106,524.05 100,665.52
*See accompanying notes and accountants' report.
Schedule "A-1"
(Continued 3)
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U.S. GOVERNMENT (cont'd) COST MARKET VALUE
242,879.70 Federal Home Ln Mtg PC Gtd
Ser 1723 Cl 1723 F Var Rate
1.000% Maturing 5/15/2024 237,718.50 $ 242,044.19
1,116,333.29 Federal Home Ln Mtg PC Gtd
Ser G035 Cl G035 B
7.500% Maturing 9/17/2023 1,121,217.25 1,113,988.52
200,000.00 Federal Home Ln Mtg Corp Multi
Ser 1796 C1 1796 S Var Rate
1.000% Maturing 2/15/2009 144,000.00 178,393.56
159,326.54 Federal Home Ln Mtg Corp
9.000% Maturing 10/15/2020 169,682.75 177,423.09
600,000.00 Federal Home Ln Mtg Corp Multi
Ser 1825 C1 1825 C
5.799% Maturing 12/15/2023 532,312.50 576,558.00
300,000.00 Federal Home Ln Mtg PC Gtd
0.010% Maturing 4/15/2008 166,781.25 223,478.07
900,000.00 Federal Home Ln Mtg Corp
Ser 1859 Cl 1859 SB
1.000% Maturing 10/15/2023 261,000.00 220,394.25
1,500,000.00 Federal Natt Mtg Corp
Ser 1933 C1 1933 SJ
1.000% Maturing 3/15/2012 146,718.75 141,580.65
307,625.65 Federal Home Ln Mtg PC Gtd
7.000% Maturing 12/20/2021 302,242.19 310,988.00
292,250.17 Fed Hm Ln PC
7.500% Maturing 6/01/2024 285,035.24 300,102.93
286,228.29 Fed Hm Ln Pc
7.000% Maturing 12/01/2026 282,382.09 289,356.77
370,000.00 Federal Home Ln Mtg Corp
7.340% Maturing 6/05/2006 366,137.20 382,546.70
490,000.00 Federal Home Ln Mtg Corp
7.475% Maturing 4/09/2007 508,604.69 512,814.40
1,600,000.00 Federal Home Ln Mtg PC Gtd
Ser 30 Cl 30 D
9.500% Maturing 2/15/2020 1,687,304.69 1,730,000.00
134,201.62 Federal Home Ln Mtg PC Gtd
9.500% Maturing 1/15/2021 143,344.11 144,811.60
180,363.30 Fed Hm Ln PC
7.500% Maturing 11/01/2016 174,952.40 187,172.01
370,000.00 Federal Natl Mtg Assn Pm Strp, Deb
7.700% Maturing 8/10/2004 311,782.81 335,660.30
*See accompanying notes and accountants' report.
Schedule "A-1"
(Continued 4)
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-31403 11
SHARES OR
FACE AMOUNT U.S. GOVERNMENT (cont'd) COST MARKET VALUE
638,367.11 Federal Nad Mtg Assn Remic
Remic Tr 1990 60 C1 60 K
5.500% Maturing 6/25/2020 533,934.24 $ 613,630.38
655,863.62 Federal Natl Mtg Assn Remic
Remic Tr 1990 102 Cl 102 J
6.500% Maturing 8/25/2020 585,524.81 650,734.77
750,000.00 Federal Natl Mtg Assn Remic
Remic Tr 1990 120 Cl 120 H
9.000% Maturing 10/25/2020 819,882.81 828,982.50
170,559.78 Federal Nad Mtg Assn Remic,
Remic Tr 1990 134 C1 SC
1.000% Maturing 11/25/2020 183,405.04 180,312.39
7,201.47 Federal Nad Mtg Assn Remic
Remic Tr 199120 C1 M 908.750
1.000% Maturing 3/25/2006 138,700.34 136,434.62
100,000.00 Federal Natl Mtg Assn Remic
Remic Tr 199142 C1 K
7.000% Maturing 8/25/2020 95,812.50 100,781.00
241,235.02 Federal Natl Mtg Assn Remic
Remic Tr 1991 G22 Cl G
6.000% Maturing 12/25/2016 223,142.39 235,956.80
12,558.86 Federal Natl Mtg Assn Remic
Remic Tr 1991 121 CI S Var Ra
1.000% Maturing 9/25/1998 113,778.36 53,976.53
337,186.57 Federal Natl Mtg Assn Remic
Remic Tr 1991 144 Cl PZ
8.500% Maturing 6/25/2021 310,914.72 356,466.90
517,418.82 Federal Natl Mtg Assn Remic
Remic Tr 1991 161 Cl 161 H
7.500% Maturing 2/25/2021 516,489.09 521,299.46
300,504.98 Federal Natl Mtg Assn Remic
Remic Tr 1992 G15 Cl Z
7.000% Maturing 1/25/2022 219,491.65 290,642.41
255,405.11 Federal Natl Mtg Assn Remic
Remic Tr 1992 G42 Cl Z
7.000% Maturing 7/25/2022 225,498.87 255,165.03
1,251.48 Federal Natl Mtg Assn Remic
Remic Tr 1992 G27 Cl SQ
1.000% Maturing 5/25/2022 162,049.82 263,977.47
159,292.16 Federal Natl Mtg Assn Remic
Remic Tr1992 137 Cl BA
3.500% Maturing 1/25/2017 139,032.18 155,160.12
*See accompanying notes and accountants' report.
Schedule "A-1"
(Continued 5)
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U.S. GOVERNMENT (cont'd) COST MARKET VALUE
484,951.54 Federal Natl Mtg Assn Rernic
Remic Tr 1992 59 C
6.000% Maturing 12/25/2021 452,065.76 $ 477,221.41
700,000.00 Federal Natl Mtg Assn Remic
Remic Tr 1992 204 Cl B
6.000% Maturing 10/25/2020 599,484.38 683,151.00
275,000.00 Federal Natl Mtg Assn Remic
Remic Tr 1992 206 C1 FA Var
1.000% Maturing 6/25/2018 267,700.28 273,451.75
250,000.00 Federal Natl Mtg Assn Remic
Remic Tr 1992 215 C1 PM
7.875% Maturing 11/25/2021 256,250.00 269,140.00
1,777,457.96 Federal Natl Mtg Assn Remic
Remic Tr 1993 008 Cl SB
1.000% Maturing 8/25/2006 97,829.61 77,835.60
1,009,561.77 Federal Natl Mtg Assn Remic
Remic Tr 1993 012 Cl S
1.000% Maturing 2/25/2023 82,105.76 59,457.43
500,000.00 Federal Natl Mtg Assn Remic
Remic Tr 1993 19 C1 G
5.000% Maturing 5/25/2019 418,906.25 479,375.00
140,115.55 Federal Natl Mtg Assn Remic
Remic- Tr 1993 58 C1 J
5.500% Maturing 4/25/2023 113,362.24 138,844.70
165,008.34 Federal Natl Mtg Assn Remic
Remic Tr Ser 1993 032 Cl K
6.000% Maturing 3/25/2023 135,100.58 161,089.39
3,613,022.48 Federal Natl Mtg Assn Remic
Remic Tr 1993 38 C1 S
1.000% Maturing 11/25/2022 167,243.42 67,439.59
1,604,456.34 Federal Natl Mtg Assn Remic
Remic Tr 1993 044 C1 S
1.000% Maturing 4/25/2023 74,206.10 68,801.98
940,000.00 Federal Natl Mtg Assn
Deb Zero CPN
0.010% Maturing 7/05/2014 262,647.28 339,866.40
277,256.80 Federal Natl Mtg Assn Remic
Remic Tr 1993 069 Cl D
7.000% Maturing 10/25/2022 239,393.92 278,207.79
2,000,000.00 Federal Natl Mtg Assn Remic
Remic Tr 1993 078 C1 FA Var R
1.000% Maturing 6/25/2008 2,051,875.00 2,046,860.00
*See accompanying notes and accountants' report.
Schedule "A-1"
(Continued 6)
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U.S. GOVERNMENT (cont'd) COST MARKET VALUE
333,593.62 Federal Natl Mtg Assn Remic
Remic Tr 1993 105 Cl A
6.000% Maturing 2/25/2021 297,106.81 $ 329,110.12
1,237,336.39 Federal Natl Mtg Assn Remic
Remic Tr 1993 113 Cl S
1.000% Maturing 7/25/2023 86,661.87 72,303.63
191,959.26 Federal Natl Mtg Assn Remic
Remic Tr 1993 G27 CK SE
1.000% Maturing 8/25/2023 96,099.60 81,761.21
230,000.00 Federal Natl Mtg Assn
6.700% Maturing 11/10/2005 229,496.89 231,833.10
484,861.58 Federal Natl Mtg Assn Gtd
Tremic Tr 1993 139 Cl SG
1.000% Maturing 8/25/2023 286,219.85 395,768.26
1,531,954.38 Federal Natl Mtg Assn Gtd
Remic Tr 1993 155 Cl SB
1.000% Maturing 9/25/2023 82,342.54 87,301.79
327,151.12 Federal Natl Mtg Assn Gtd
Remic Tr 1993 155 Cl LA
6.500% Maturing 5/25/2023 308,166.93 326,434.66
250,739.00 Federal Nad Mtg Assn Gtd
Rernic Tr 1993 165 Cl SP
1.000% Maturing 9/25/2023 213,755.00 235,772.39
756,997.44 Federal Natl Mtg Assn Gtd
Remic Tr 1993 209 Cl KB
5.659% Maturing 8/25/2008 659,682.05 731,683.45
593,576.02 Federal Natl Mtg Assn Gtd
Remic Tr 1993 207 Cl SC
1.000% Maturing 11/25/2023 363,878.34 415,503.21
347,947.30 Federal Natl Mtg Assn Gtd
Remic Tr 1993 220 Cl SD Var
1.000% Maturing 11/25/2013 170,602.91 286,294.52
738,221.20 Federal Natl Mtg Assn Gtd
Remic Tr 1993 230 Cl FA
1.000% Maturing 12/25/2023 741,566.26 736,833.34
353,861.60 Federal Nad Mtg Assn Gtd
Remic Tr 1993 223 Cl FB
1.000% Maturing 12/25/2023 346,784.37 351,759.66
437,466.27 Federal Nad Mtg Assn Gtd
Remic Tr 1993 223 Cl SB Var
1.000% Maturing 12/25/2023 277,490.33 382,236.15
*See accompanying notes and accountants' report.
Schedule "A-l"
(Continued 7)
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEM13ER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U. S. GOVERNMENT (cont'd) COST MARKET VALUE
500,000.00 Federal Natl Mtg Assn Remic
Remic Tr 1993 225 Cl VO
1.000% Maturing 12/25/2022 438,437.50 $ 425,780.00
263,327.58 Federal Nad Mtg Assn Remic
Remic Tr 1994 30CI LA
6.500% Maturing 10/25/2021 248,021.66 262,750.89
259,808.57 Federal Natl Mtg Assn Remic
Remic Tr 1994 012 C1 SB Var
1.000% Maturing 1/25/2009 229,930.59 201,268.50
360,700.19 Federal Natl Mtg Assn Remic
Remic Tr 1994 26 C1 G
0.010% Maturing 1/25/2024 162,540.52 268,126.09
261,783.09 Federal Natl Mtg Assn Remic
Remic Tr 1994 39 Cl F
1.000% Maturing 3/25/2024 258,510.79 260,228.10
100,685.79 Federal Natl Mtg Assn Remic
Remic Tr 1994 39 Cl S Var Rt
1.000% Maturing 3/25/2024 77,842.70 71,266.41
5,878,715.96 Federal Natl Mtg Assn Remic
Remic Tr 1994 82 Cl SA
1.000% Maturing 6/25/2023 242,497.06 187,201.83
994,364.15 Federal Nad Mtg Assn Remic
Remie Tr 1994 36 C1 SG
1.000% Maturing 8/25/2023 51,116.53 194,209.26
410,000.00 Federal Natl Mtg Assn
Remic Tr 1996 20 Cl L
0.010% Maturing 9/25/2008 214,225.00 279,369.04
500,000.00 Federal Natl Mtg Assn
Remic Tr 1996 24 Cl B
0.010% Maturing 10/25/2008 250,000.00 305,849.50
400,000.00 Federal Natl Mtg Assn
Remic Tr 1996024 Cl K
0.010% Maturing 2/25/2008 244,500.00 311,608.36
248,023.53 Federal Natl Mtg Assn Gtd
Ser G94 13 Class ZB
7.000% Maturing 11/17/2024 210,135.21 245,077.01
725,000.00 Federal Nad Mtg Assn Gtd
Preassign 00411
6.249% Maturing 3/25/2008 678,101.56 718,881.00
432,922.24 Federal Natl Mtg Assn Gtd
Remic Tr 1995 13 Ck B
6.500 Maturing 3/25/2009 404,646.99 431,974.14
*See accompanying notes and accountants' report.
Schedule "A-1"
(Continued 8)
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U. S. GOVERNMENT (cont'd) COST MARKET VALUE
400,000.00 Federal Natl Mtg Assn Gtd
Remic Tr 1996 7 Cl C
6.500% Maturing 12/25/2010 379,062.50 $ 381,440.00
550,000.00 Federal Natl Mtg Assn Gtd
Ser 1997 29 C1 PL
7.500% Maturing 8/18/2026 257,812.50 222,707.43
2,000,000.00 Federal Nad Mtg Assn
Preassign
7.000% Maturing 12/18/2027 605,937.50 584,747.00
278,787.42 Federal Natl Mtg Assn Remic
Remic Tr 1989 34 C1 34 E
9.850% Maturing 8/25/2014 294,382.09 285,319.41
350,000.00 Federal Nad Mtg Assn Remic
Remic Tr 1989 78 C1 78 H
9.400% Maturing 11/25/2019 371,000.00 389,700.50
538,702.55 FNMA Pool 050966
7.000% Maturing 1/01/2024 506,380.39 545,263.95
186,856.15 FNMA Pool 105845
1.000% Maturing 5/01/2019 191,585.95 195,382.40
460,000.00 Federal Nad Mtg Assn Mtn
Preassign 00593
7.500% Maturing 4/09/2007 472,937.50 481,923.60
111,119.65 Federal Natl Mtg Assn Strp Mtg
SM13S Tr 000008 Cl I
0.010% Maturing 3/01/2002 89,729.10 102,230.08
390,493.35 FNMA Pool 190648
9.000% Maturing 7/01/2007 415,265.30 404,910.36
1,917,301.76 FNMA Pool 190709
7.500% Maturing 03/01/2024 1,979,014.92 1,969,414.02
44,958.15 FNMA Pool 190912
7.500% Maturing 7/01/2009 44,101.13 46,320.83
18,361.73 FNMA Pool 250293
8.000% Maturing 7/01/2025 18,654.36 19,027.16
534,144.69 FNMA Pool 250345
7.000% Maturing 9/01/2025 530,639.36 539,982.89
493,217.58 FNMA Pool 250918
6.500% Maturing 5/01/2012 479,962.37 493,834.10
162,273.41 FNMA Pool 303306
12.500% Maturing 1/01/2016 183,013.98 191,122.38
1,005,765.91 FNMA Pool 303532
1.000% Maturing 3/01/2029 996,493.99 1,005,454.12
*See accompanying notes and accountants' report.
Schedule "A-1"
(Continued 9)
skipped page 10
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
December 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U. S. GOVERNMENT (cont'd) COST MARKET VALUE
738,940.26 GNMA Pool 360838
7.500% Maturing 4/15/2024 $ 688,599.96 $ 758,566.51
131,211.04 GNMA Pool 026088
8.500% Maturing 8/15/2008 134,491.31 139,539.00
77,156.86 GNMA Pool 410082
7.500% Maturing 8/15/2025 77,000.15 79,061.09
909,852.21 GNMA Pool 412334
7.000% Maturing 10/15/2027 910,420.88 917,240.21
84,226.06 GNMA Pool 425911
7.500% Maturing 2/15/2026 83,910.21 86,278.65
175,301.82 GNMA Pool 448680
7.500% Maturing 8/15/2027 177,657.43 179,573.93
2,470,743.52 GNMA Pool 451506
7.500% Maturing 10/15/2027 2,503,172.03 2,530,955.54
1,151,551.59 GNMA Pool 455273
7.500% Maturing 8/15/2027 1,164,146.69 1,179,614.90
3,445,200.00 GNMA Pool 455886
7.500% Maturing 12/15/2027 3,525,946.89 3,529,159.52
1,054,711.23 GNMA Pool 292926
9.500% Maturing 10/15/2020 1,141,065.68 1,143,296.43
322,986.55 GNMA Pool 297628
8.000% Maturing 9/15/2022 333,180.82 336,613.35
1,317,325.62 GNMA Pool 312980
8.500% Maturing 12/15/2021 1,403,363.45 1,399,236.93
176,566.19 GNMA Pool 313110
7.500% Maturing 11/15/2022 178,662.90 181,474.73
1,396,972.24 GNMA Pool 780354
6.500% Maturing 12/15/2023 1,313,153.90 1,386,061.89
1,700,000.00 GNMA TBA Jan 30
6.500% Maturing 12/15/2099 1,676,093.75 1,678,750.00
410,000.00 Student Ln Marketing Assn Mtn
6.840% Maturing 4/24/2000 410,000.00 411,410.40
1,735,000.00 United States Tres Bd Strp
Prn Stripped Prin Pmt 8.75
0.010% Maturing 5/15/2017 375,401.95 542,378.35
6,515,000.00 United States Tres Bd Strp
Prn Stripped Prin Pmt
0.010% Maturing 8/15/2017 1,366,907.35 2,006,033.65
6,490,000.00. United States Tres Bd Strp
Prn Stripped Prin
0.010% Maturing 5/15/2018 1, 133,240.84 1,906,826.90
*See accompanying notes and accountants' report
Schedule "A-l"
(Continued 11)
U.A.W. MASTER. PENSIONTRUST
27a(l)-INVESTMENT SECURITIES
DECEM13ER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U. S. GOVERNMENT (cont'd) COST MARKET VALUE
3,150,000.00 United States Tres Bd Strp
Prn Stripped Prin Pmt
0.010% Maturing 11/15/2018 530,077.46 $ 898,065.00
5,569,000.00 United States Treas Bds
12.750% Maturing 11/15/2010 7,710,240.97 7,948,856.46
1,410,000.00 United States Treas Bds
10.375% Maturing 11/15/2012 1,927,432.03 1,873,537.50
370,000.00 United States Treas Bds
12.500% Maturing 8/15/2014 569,973.44 571,938.60
7,875,000.00 United States Treas Bds
7.250% Maturing 5/15/2016 8,453,217.72 8,970,097.50
200,000.00 United States Treas Bds
8.750% Maturing 5/15/2017 237,843.75 262,218.00
1,000,000.00 United States Treas Bds
6.375% Maturing 8/15/2027 1,043,420.00 1,054,690.00
500,000.00 United States Tres Nt Strp Prn
0.010% Maturing 8/15/1999 408,060.00 456,750.00
295,000.00 United States Tres Nt Strp Prn
0.010% Maturing 02/15/2001 227,731.15 247,558.10
1,000,000.00 United States Tres Nt Strp Prn
0.010% Maturing 8/15/2001 782,580.00 815,070.00
2,900,000.00 United States Treas Nts
7.875% Maturing 4/15/1998 3,012,488.28 2,919,488.00
6,275,000.00 United States Treas Nts
6.375% Maturing 8/15/2002 6,364,015.06 6,436,769.50
1,750,000.00 United States Treas Nts
5.250% Maturing 7/31/1998 1,666,464.84 1,746,990.00
2,570,000.00 United States Treas Nts
5.875% Maturing 2/15/2004 2,570,602.34 2,592,487.50
500,000.00 United States Treas Nts
7.250% Maturing 5/15/2004 528,125.00 539,610.00
3,300,000.00 United States Treas Nts
6.875% Maturing 7/31/1999 3,296,519.53 3,358,773.00
1,150,000.00 United States Treas Nts ' -
7.250% Maturing 8/15/2004 1,244,664.06 1,242,897.00
1,800,000.00 United States Treas Nts
6.875% Maturing 8/31/1999 1,835,437.50 1,833,750.00
3,270,000.00 United States Treas Nts
7,750% Maturing 11/30/.1999 3,465,954.68 3,391,088.10
500,000.00 United States Treas Nts
7.125% Maturing 2/29/2000 516,406.25 514,455.00
*See accompanying notes and accountants' report.
Schedule "A-l"
(Continued 12)
U.A.W. MASTER PENSION TRUST
27a(l)-INVESTMENT SECURITIES
DECEMBER 31, 1997 EIN #38-3140311
SHARES OR
FACE AMOUNT U. S. GOVERNMENT (cont'd) COST MA VALUE
1,770,000.00 United States Treas Nts
5.500% Maturing 12/31/2000 $ 1,725,673.61 $ 1,760,034.90
400,000.00 United States Treas Nts
9.125% Maturing 5/15/1999 427,250.00 417,936.00
490,000.00 United States Treas Nts
6.875% Maturing 5/15/2006 521,189.06 524,300.00
180,000.00 United States Treas Nts
5.875% Maturing 11/30/2001 177,108.53 180,730.80
4,200,000.00 United States Treas Nts
6.250% Maturing 5/31/1999 4,220,184.37 4,233,474.00
405,000.00 United States Tres Sc Strp
0.010% Maturing 2/15/1999 326,676.81 380,529.90
1,105,000.00 United States Tres Sc Strp
0.010% Maturing 2/15/2011 308,455.28 508,123.20
500,000.00 United States Tres Sc Strp
0.010% Maturing 2/15/2012 136,340.00 216,255.00
1,190,000.00 United States Tres Sc Strp
0.010% Maturing 8/15/2013 276,266.25 468,348.30
2,240,000.00 United States Tres Sc Strp
0.010% Maturing 2/15/2014 483,805.50 855,680.00
1,892,000.00 United States Tres Sc Strp
0.01OT9 Maturing 5/15/2011 483,434.15 857,340.88
4,100,000.00 United States Tres Sc Strp
0.010% Maturing , 5/1512013 949,232.00 1,638,114.00
Total U. S. Government $ 138,962,178.51 $ 147,168,949.47
CORPORATE DEBT INSTRUMENTS
PREFERRED
500,000.00 Associates Corp North Amer
8.150% Maturing 8/01/2009 $ 523,275.00 $ 558,820.00
260,000.00 Associates Corp North Amer
6.375% Maturing 11/15/2005 255,112.00 259,677.60
240,000.00 Banc One Corp
Sub Deb
7.750% Maturing 7/15/2025 246,940.80 266,390.40
800,000.00 Boeing Co
7.950% Maturing 8/15/2024 802,840.00 948,592.00
1,120,000.00 Consolidated Edisoo Co NY Inc
6.450% Maturing 12/01/2007 1,114,126.40 1,122,867.20
150,000.00 GTE North Inc
8.500% Maturing 12/15/2031 159,000.00 160,851.00
*See accompanying notes and accountants' report.
Schedule "A-l"
(Continued 13)
U.A.W. MASTER PENSION TRUST 27a(l)-I.NVESTMENT SECURITIES DECEMBER 31, 1997
EIN #38-3140311
SHARES OR CORPORATE DEBT INSTRUMENTS
FACE AMOUNT PREFERRED (cont'd)
COST MARKET VALUE
1,220,000.00 General Mtrs Accep Corp
8.750% Maturing 7/15/2005 $ 1,357,421.00 $ 1,384,126.60
860,000.00 International Business Machs
7.125% Maturing 12/01/2096 848,380.30 889,721.60
280,000.00 Ralcorp Hldgs Inc
8.750% Maturing 09/15/2004 313,166.50 317,548.00
290,000.00 Sears Roebuck & Co
6.000% Maturing 5/01/2000 278,684.20 288,828.40
380,000.00 Sears Roebuck Accep Corp
6.875% Maturing 10/15/2017 376,895.40 382,758.80
960,000.00 US Bancorp Ore
7.500% Maturing 6/01/2026 1,017,545.70 1,037,856.00
110,000.00 US West Communication
8.875% Maturing 6/01/2031 118,926.50 122,172.60
270,000.00 US West Communication Inc
6.875% Maturing 9/15/2033 230,415.30 258,546.60
Total Corporate Debt Instruments
Preferred $ 7,642,729.10 $ 7,998,756.80
CORPORATE DEBT INSTRUMENTS
ALL OTHER
1,975,000.00 AT & T Cap Corp Mtn Bk Entry
6.390% Maturing 1/22/1999 1,974,643.00 $ 1,983,492.50
1,500,000.00 Advanta Natl Bk Wilmington DE
6.800% Maturing 2/28/2001 1,479,690.00 1,423,890.00
1,910,000.00 American Gen Instl Cap B
8.125% Maturing 3/15/2046 1,944,315.10 2,125,409.80
340,000.00 Amgen Inc
8.125% Maturing 4/01/2097 338,157.20 374,938.40
1,060,000.00 Applied Mads Inc
7.125% Maturing 10/15/2017 1,061,008.40 1,076,642.00
420,000.00 Archer Daniels Midland Co
6.750% Maturing 12/15/2027 415,262.40 420,726.60
560,000.00 Archer Daniels Midland Co
6.950% Maturing 12/15/2097 557,676.00 570,953.60
750,000.00 Associates Corp North Amer
9.125% Maturing 4/01/2000 805,545.00 795,817.50
760,000.00 Associates Corp North Amer
5.960% Maturing 5/15/2037 764,096.00 781,561.20
*See accompanying notes and accountants' report.
Schedule "A-l"
(Continued 14)
I
U.A.W. MASTER PENSION TRUST 27a(1)4NVESTMENT SECURITIES DECEMBER 31, 1997
EIN #38-3140311
SHARESOR CORPORATE DEBT INSTRUMENT
FACE AMOUNT ALL OTHER -(cont'd) COST MARKET VALUE
12,630.96 Bank Amer Natt Tr & Svgs Mtg
Ser A Pool No 40
8.375% Maturing 5/01/2007 12,628.71 $ 12,671.38
1,800,000.00 Boise Cascade Corp Mtn Bk Ent
9.980% Maturing 3/27/2003 2,053,202.00 2,084,274.00
800,000.00 Boston Edison Co
6.800% Maturing 03/15/2003 792,207.75 -112,496.00
280,000.00 CIT Group HldgsInc
6.375% Maturing 11/15/2002 279,036.80 280,044.80
480,764.01 CPS Auto Receivables Tr
6.070% Maturing 3/15/2003 469,137.69 480,764.01
1,600,000.00 Capital One Bk Med Term Bk Nts
8.125% Maturing 3/01/2000 1,675,664.00 1,658,464.00
260,000.00 Carco Auto Ln Master Tr
6.689% Maturing 8115/2004 260,243.75 261,586.00
215,389.85 Case Equip Ln Tr
5.500% Maturing 2/15/2003 213,976.35 214,463.67
340,000.00 Centel Capital Corp
9.000% Maturing 10/15/2019 384,835.80 418,628.40
1,800,000.00 Chase Manhattan Corp New
8.500% Maturing 2/15/2002 1,966,401.00 1,945,098.00
1,000,000.00 Chevy Chase Auto Receivables
6.250% Maturing 6/15/2004 999,687.50 1,000,937.50
510,000.00 Citibank Cr Card Master Tr I
6.839% Maturing 2/10/2004 510,000.00 517,650.00
890,000.00 Citibank Cr Card Master Tr I
0.010% Maturing 8/15/2006 575,816.59 591,761.00
2,000,000.00 Columbia Gas Sys Inc
7.050% Maturing 11/28/2007 1,982,689.05 2,042,980.00
470,000.00 Columbia HCA Healthcare Corp
8.850% Maturing 1/01/2007 520,055.80 511,768.90
100,000.00 Commercial Cr Group Inc
8.250% Maturing 11/01/2001 106,971.00 106,505.00
450,000.00 Commonwealth Edison Co
9.875% Maturing 6/15/2020 519,186.20 531,769.50
1,800,000.00 Commonwealth Edison Co.
7.375% Maturing 1/15/2004 1,796,562.00 1,867,356.00
1,600,000.00 Conagra Inc
9.750% MaturiRg-3/01/2021 1,664,416.00 2,094,624.00
270,000.00 Dayton Hudson Corp
7.500% Maturing 7/15/2006 278,159.40 - 286,661.70
*See accompanying notes and accountants' report.
Schedule "A-l"
(Continued 15)
U.A.W. MASTER PENSION TRUST
27a(1)-4NVESTMENT SECURITIES
DECEM13ER 31, 1997 EIN #38-3140311
SHARES OR CORPORATE DEBT INSTRUMENT
FACE AMOUNT ALL OTHER (cont'd) COST MARKET VALUE
310,000.00 Dealer Nt Tr
1.000% Maturing 1/25/2003 $ 314,553.13 $ 317,533.00
1,300,000.00 Developers Diversified Rlty
6.800% Maturing 7/23/2002 1,303,796.00 1,326,325.00
740,000.00 Dominion Res Cap Tr I
7.830% Maturing 12/01/2027 740,000.00 748,872.60
340,000.00 Donaldson Lufkin & Jenerette
6.375% Maturing 5/26/2000 340,000.00 341,839.40
210,000.00 Donaldson Lufkin & Jenerette
6.875% Maturing 11/01/2005 206,919.30 213,538.50
260,000.00 El Paso Nat Gas Co
8.625% Maturing 1/15/2022 277,354.40 311,344.80
1,100,000.00 Federal Express Corp
6.250% Maturing 4/15/1998 1,099,230.00 1,101,496.00
490,000.00 Federal Natl Mtg Assn
6.750% Maturing 7/30/2007 490,000.00 497,428.40
1,500,000.00 First Amer Bk Corp
7.750% Maturing 7/15/2004 1,554,893.75 1,599,735.00
380,000.00 First UN Corp
6.824% Maturing 8/01/2026 381,604.80 394,443.80
500,000.00 First USA Cr Card Master Tr
1.000% Maturing 10/15/2001 500,156.25 500,310.00
650,000.00 Ford Cr Auto Owner Tr 1996 A
6.500% Maturing 11/15/1999 651,523.44 651,215.50
2,130,000.00 Ford Mtr Cr Co
8.000% Maturing 6/15/2002 2,357,015.40 2,268,939.90
390,000.00 Ford Motor Credit Co
7.020% Maturing 10/10/2000 389,212.50 398,201.70
330,000.00 Ford Mtr Cr Medium Term Nts
1.000% Maturing 5/23/2002 333,554.10 334,785.00
510,000.00 Fort James Corp
6.625% Maturing 9/15/2004 507,839.70 511,626.90
90,000.00 Franchise Fin Corp Amer
7.000% Maturing 11/30/2000 89,268.30 90,933.30
660,000.00 Gatx Cap Corp
6.500% Maturing 11/01/2000 661,047.60 663,313.20
420,000.00 GTE North Inc
6.900% Maturing 11/01/2008 422,817.30 431,424.00
1,200,000.00 General Mtrs Accep, Corp .
5.625% Maturing 2/15/2001 1,188,415.40 1,180,236.00
1,000,000.00 General Mtrs Accep Corp
7.125% Maturing 5/01/2001 1,022,110.00 1,025,710.00
*See accompanying notes and accountants' report.
Schedule "A-1"
(Continued 16)