UNITED TECHNOLOGIES CORP /DE/
11-K, 1995-05-26
AIRCRAFT ENGINES & ENGINE PARTS
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<PAGE>


                                   FORM 11-K




                    ANNUAL REPORT PURSUANT TO SECTION 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


                          Commission File Number 1-812



                        UNITED TECHNOLOGIES CORPORATION
                       REPRESENTED EMPLOYEE SAVINGS PLAN
                            (Full title of the plan)



                        UNITED TECHNOLOGIES CORPORATION
                          United Technologies Building
                              One Financial Plaza
                          Hartford, Connecticut  06101
               (Name of issuer of the securities held pursuant to
          the plan and the address of its principal executive office)<PAGE>
<PAGE>





           FINANCIAL STATEMENTS OF THE UNITED TECHNOLOGIES CORPORATION
                        REPRESENTED EMPLOYEE SAVINGS PLAN

                        REPORT OF INDEPENDENT ACCOUNTANTS



To the Pension Administration
  and Investment Committee of
  United Technologies Corporation
  and Members of the United Technologies
  Corporation Represented Employee Savings Plan


In our  opinion, the  accompanying statements  of  financial condition  and  the
related statement of income  and changes in plan  equity present fairly, in  all
material respects, the financial position of the United Technologies Corporation
Represented Employee Savings Plan at November 30, 1994 and 1993, and the results
of its operations and the changes in its plan equity for the year ended November
30, 1994, in conformity  with generally accepted  accounting principles.   These
financial statements  are  the responsibility  of  the Plan  Administrator;  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
generally accepted auditing standards 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.



PRICE WATERHOUSE LLP
Hartford, Connecticut
May 25, 1995<PAGE>
<PAGE>
<TABLE>
        UNITED TECHNOLOGIES CORPORATION REPRESENTED EMPLOYEE SAVINGS PLAN

                        Statement of Financial Condition

                                November 30, 1994

                    (Thousands of Dollars, except unit value)
<CAPTION>

                                                                                        UTC                                  Funds
                                                         Income Fund  Equity Fund   Stock Fund  Global Fund    Loan Fund   Combined
<S>                                                      <C>           <C>          <C>          <C>          <C>          <C>
Assets:
 Investments:
  Beneficial interests in contracts issued by insurance
   companies, at cost plus accrued interest              $   373,270   $        -   $        -   $        -   $        -   $373,270
  Beneficial interests in Bankers Trust Company Pyramid
   Fixed Income Index Fund, at market                              -            -            -        1,184            -      1,184
  Beneficial interests in Bankers Trust Company Pyramid
   Equity Index Fund, at market                                    -       59,087            -        1,301            -     60,388
  Beneficial interests in Bankers Trust Company Pyramid
   International Securities Index Fund, at market                  -            -            -        1,489            -      1,489
  United Technologies Corporation Common Stock, at
   market plus accrued dividends ($50)                             -            -        6,371            -            -      6,371
  Participant loans, at cost plus accrued interest                 -            -            -            -        9,494      9,494
  Temporary investments, at cost plus accrued interest             1            1          218            2            -        222
      Total Investments                                      373,271       59,088        6,589        3,976        9,494    452,418

 Contributions and fund and plan transfers receivable            493           98           82           72           47        792
      Total Assets                                           373,764       59,186        6,671        4,048        9,541    453,210

Less - Liabilities:
 Contributions and fund and plan transfers payable               108           22            -            -            -        130
 Loans payable, net                                              229           22           28            -         (237)        42
 Accrued investment purchases                                      -            -           22            -            -         22
      Total Liabilities                                          337           44           50            -         (237)       194

Plan Equity                                              $   373,427   $   59,142   $    6,621   $    4,048   $    9,778   $453,016

Units of participation                                    75,926,503    6,466,865    1,434,566    2,688,069    9,778,000

Unit value                                               $      4.92   $     9.15   $     4.62   $     1.51   $     1.00


       (See accompanying Notes to Financial Statements)
</TABLE>
<PAGE>

<PAGE>
<TABLE>
        UNITED TECHNOLOGIES CORPORATION REPRESENTED EMPLOYEE SAVINGS PLAN

                 Statement of Income and Changes in Plan Equity

                        Plan Year Ended November 30, 1994

                             (Thousands of Dollars)
<CAPTION>

                                                                                        UTC                                  Funds
                                                         Income Fund  Equity Fund   Stock Fund  Global Fund    Loan Fund   Combined
<S>                                                      <C>           <C>          <C>          <C>          <C>          <C>
Contributions:
 Members                                                 $    29,328   $    5,715   $      956   $      815   $        -   $ 36,814
 Employer                                                      9,505        1,453          253          230            -     11,441
      Total Contributions                                     38,833        7,168        1,209        1,045            -     48,255

Investment Income:
 Interest                                                     25,901            1            9            2          443     26,356
 Dividends                                                         -            -          190            -            -        190
      Total Investment Income                                 25,901            1          199            2          443     26,546

Repayments on loans                                            2,044          444           94           89       (2,671)         -

Unrealized depreciation of investments                             -      (22,868)        (415)         (40)           -    (23,323)

Gain on sale of investments                                        -       23,546            -          138            -     23,684

Deduct:
 Distributions to members:
  In Cash                                                     31,407        3,891          477          296          166     36,237
  In Shares of United Technologies Corporation                                                                          
   Common Stock                                                    -            -           12            -            -         12
 Loans to participants                                         4,840        1,053          145           70       (6,108)         -
 Earned and unapplied forfeitures                                 13            -            1            -            -         14
      Total  Deductions                                       36,260        4,944          635          366       (5,942)    36,263

Inter-fund and inter-plan transfers                              234       (1,582)         612          488           11       (237)

Net Increase in Plan Equity                                   30,752        1,765        1,064        1,356        3,725     38,662

Plan Equity November 30, 1993                                342,675       57,377        5,557        2,692        6,053    414,354

Plan Equity November 30, 1994                            $   373,427   $   59,142   $    6,621   $    4,048   $    9,778   $453,016


       (See accompanying Notes to Financial Statements)
</TABLE>
<PAGE>

<PAGE>
<TABLE>
        UNITED TECHNOLOGIES CORPORATION REPRESENTED EMPLOYEE SAVINGS PLAN

                        Statement of Financial Condition

                                November 30, 1993

                    (Thousands of Dollars, except unit value)
<CAPTION>

                                                                                        UTC                                  Funds
                                                         Income Fund  Equity Fund   Stock Fund  Global Fund    Loan Fund   Combined
<S>                                                      <C>           <C>          <C>          <C>          <C>          <C>
Assets:
 Investments:
  Beneficial interests in contracts issued by insurance
   companies, at cost plus accrued interest              $   342,013   $        -   $        -   $        -   $        -   $342,013
  Beneficial interests in Bankers Trust Company Pyramid
   Fixed Income Index Fund, at market                              -            -            -          751            -        751
  Beneficial interests in Bankers Trust Company Pyramid
   Equity Index Fund, at market                                    -       58,256            -          956            -     59,212
  Beneficial interests in Bankers Trust Company Pyramid
   International Securities Index Fund, at market                  -            -            -          797            -        797
  United Technologies Corporation Common Stock, at
   market plus accrued dividends ($40)                             -            -        5,396            -            -      5,396
  Participant loans, at cost plus accrued interest                 -            -            -            -        5,616      5,616
  Temporary investments, at cost plus accrued interest             8            1          126          159            -        294
      Total Investments                                      342,021       58,257        5,522        2,663        5,616    414,079

 Contributions and fund and plan transfers receivable            984            1           68           31           55      1,139
 Accrued investment sales                                          -            -           42            -            -         42
      Total Assets                                           343,005       58,258        5,632        2,694        5,671    415,260

Less - Liabilities:
 Contributions and fund and plan transfers payable                 -          812           62            -            -        874
 Loans payable, net                                              330           69           13            2         (382)        32
      Total Liabilities                                          330          881           75            2         (382)       906

Plan Equity                                              $   342,675   $   57,377   $    5,557   $    2,692   $    6,053   $414,354

Units of participation                                    74,930,510    6,349,254    1,173,881    1,857,271    6,053,000

Unit value                                               $      4.57   $     9.04   $     4.73   $     1.45    $    1.00


       (See accompanying Notes to Financial Statements)
</TABLE>
<PAGE>
 
<PAGE>
                        UNITED TECHNOLOGIES CORPORATION
                       REPRESENTED EMPLOYEE SAVINGS PLAN

                         Notes to Financial Statements


NOTE 1 - DESCRIPTION OF THE PLAN

The United Technologies Corporation Represented Employee Savings Plan (the Plan)
is  a  defined  contribution  savings  plan  sponsored  by  United  Technologies
Corporation (United).   Union represented employees  of United  are eligible  to
participate in the Plan  if the employees  have completed at  least one year  of
service and their  employment is covered  by a  collective bargaining  agreement
that provides that such employees may participate in the Plan.  Below is a brief
description of the  Plan.   More complete information  is provided  in the  plan
document which is available from the Plan sponsor.

Members may elect, through payroll  deductions, to make after-tax  contributions
of between  $2 per  week and  the amount  permitted by  the relevant  collective
bargaining agreement.  Certain members, depending on their collective bargaining
agreement, may also make tax-deferred  contributions.  Member contributions  are
fully vested at all times under the Plan.  The employer will make  contributions
with respect  to each  member equal  in  amount to  50  percent of  the  members
contributions, up to specified limits.  Generally, employer contributions become
fully vested after two years of Plan participation.

All employee contributions are  credited to a member  account maintained by  the
Plan Administrator.  Contributions will be  invested, pursuant to each  member's
direction, in one or more of the following  funds:  the Income Fund, the  Equity
Fund, the UTC  Stock Fund and  the Global Fund,  where permitted.   Members  may
elect to have 100 percent of their contributions invested in one investment fund
or may allocate the contributions in any whole percentage (effective January  1,
1994) among the  funds.   Prior to  January 1,  1994, allocations  were made  in
multiples of 25%.   Members  are permitted  to transfer  their accounts  between
investment funds once per quarter in any whole percentage (effective January  1,
1994).   Prior to  January  1, 1994,  transfers  between investment  funds  were
generally permitted in multiples of 10 percent.

The Income Fund  is invested  in contracts  issued by  five insurance  companies
designated by the  Pension Investment Committee.   Under  these contracts,  each
insurance company guarantees repayment in full of the principal amount  invested
plus interest credited  at a fixed  rate for a  specified period.   Interest  is
credited to each contract based on an annual interest rate set each year by  the
individual insurance carriers.  This rate, which differs among contracts,  takes
into account any difference between prior year credited interest and the  actual
amount of investment earnings allocable to  the contract in accordance with  the
established allocation  procedures  of  the insurance  carrier.    The  weighted
average rate set for the 1994 calendar year was 7.5 percent.

The Equity Fund  may be invested  in common or  capital stocks of  corporations,
bonds or securities  convertible into such  stocks, or shares  of any  federally
registered mutual fund or similar type of investment fund, including  investment
in any commingled  trust fund  managed by  the Trustee,  Bankers Trust  Company,
which is invested primarily in similar types of equity securities.  During  1994
and 1993, the Equity Fund was  invested principally in the Trustee's BT  Pyramid
Equity Index  Fund,  which is  a  portfolio  of common  stocks  replicating  the
Standard & Poor's Composite Index of 500 stocks.  Interest and dividends  earned
by this investment are reinvested and increase market value.

The UTC Stock Fund consists principally  of 108,043 and 86,564 shares of  Common
Stock of United at November 30, 1994 and 1993, respectively.

The Global Fund will be invested  in almost equal proportion in three  different
funds managed by  the Trustee:   the BT Pyramid  International Securities Index<PAGE>
<PAGE>
Fund, the BT Pyramid  Fixed Income Index  Fund and the  BT Pyramid Equity  Index
Fund (as described above).  The  International Securities Index Fund invests  in
four other international index funds managed  by the Trustee.  The Fixed  Income
Index Fund  invests primarily  in obligations  of the  U.S. Government  and  its
agencies and  other  publicly  traded,  high-grade  domestic  debt  instruments.
Interest and dividends earned by these  investments are reinvested and  increase
market value.

Certain members may also make limited tax-deferred or after-tax contributions to
an individual  medical  account  (IMA), where  permitted.    The  employer  will
contribute with respect  to each member  an amount equal  to 75  percent of  the
member's IMA contribution.   All contributions  to an IMA  will be invested  100
percent in  the  Income  Fund and  may  not  be withdrawn  until  retirement  or
termination.

Certain members with  at least two  years of plan  participation are allowed  to
borrow up to 50 percent of their account balances (excluding individual  medical
account contributions).  Loan amounts can range from $1,000 to $50,000 and  must
be repaid in 5 years or less with interest.

Forfeitures of employer contributions are used to reduce employer contributions;
earned but  unapplied  forfeitures  will  be  applied  against  future  employer
contributions and are shown separately in the Statement of Income and Changes in
Plan Equity.

Members who transfer to a new location of United which is covered by a different
savings  plan  have  the  option  of  transferring  their  account  balances  in
accordance with  the provisions  of the  new savings  plan, including  available
investment funds.  Transfer of balances to the new savings plan will be governed
by  the terms of the collective bargaining agreements.

Number of participants in the Plan at year end were as follows:
<TABLE><CAPTION>
                                                                November 30,
                                                              1994         1993
<S>                                                    <C>          <C>
Income Fund                                                 20,880        21,299
Equity Fund                                                  6,859         6,248
UTC Stock Fund                                               1,695         1,317
Global Fund                                                  1,011           824
</TABLE>
The participants above may have investments in more than one of the investment
funds.<PAGE>
<PAGE>

NOTE 2 - SUMMARY OF ACCOUNTING PRINCIPLES

United has  entered  into a  master  trust  agreement with  Bankers  Trust  (the
Trustee).  Under this  agreement, certain employee savings  plans of United  and
its subsidiaries  combine their  trust fund  investments  in the  Master  Trust.
Participating plans  purchase units  of participation  in the  investment  funds
based on their  monthly contribution to  such funds and  the unit  value of  the
applicable investment fund at the end of the month.  The value of a unit in each
fund is determined at the end  of each month by  dividing the sum of  uninvested
cash, accrued income and  the current market value  of investments by the  total
number of outstanding units in  such funds.  The  plans receive income from  the
funds' investments which  increase the unit  values.   Distributions reduce  the
number of participation units held by the plans.

The investments of  the Income Fund  are valued at  cost plus accrued  interest.
The investments of the Equity Fund, the UTC Stock Fund, and the Global Fund  are
valued at market as determined by  the Trustee by reference to published  market
data.

The expenses of operating the Plan are payable  out of the funds held under  the
Plan, unless the employer  elects to pay  such expenses.   The expenses for  the
1994 plan year were paid by the employer.

The Plan is not subject to federal income tax as the Plan and its related  trust
are considered by United to satisfy the qualification and exemption requirements
of Sections 401(a) and 501(a) of the Internal Revenue Code.  United has received
a favorable determination  letter (dated September  9, 1986)  from the  Internal
Revenue Service  (IRS) to  the effect  that the  Plan qualifies  under  Sections
401(a) and 501(a) of the Code.  United intends to apply for a new  determination
letter from the IRS indicating that the Plan,  as amended since the date of  the
most recent IRS determination letter, continues to be exempt from federal income
taxes under  Sections 401(a)  and 501(a)  of the  Code.   Under these  sections,
contributions by United, employees (at their election) and related earnings will
be tax deferred until such amounts are  distributed.  It is expected, given  the
lack of  substantive plan  amendments, that  a favorable  determination will  be
issued from the IRS,  and accordingly, no provision  is made for federal  income
taxes.


NOTE 3 - INSURANCE CONTRACTS

The following is a summary of the  insurance contracts held in the Master  Trust
Income Fund and the portion allocable to the Plan:
<TABLE><CAPTION>
                                                                November 30,
(Thousands of Dollars)                                        1994         1993
<S>                                                    <C>          <C>
CIGNA                                                  $ 1,505,766   $ 1,409,243
Aetna                                                      529,588       543,882
Travelers                                                  449,496       455,988
Prudential                                                 237,500       249,747
Metropolitan Life                                          437,048       328,543
                                                       $ 3,159,398   $ 2,987,403

Amount of the contracts allocable to the Plan          $   373,270   $   342,013
/TABLE
<PAGE>
<PAGE>

NOTE 4 - GAIN ON SALE OF INVESTMENTS

The Trustee uses the average cost  method in determining the cost of  securities
for purposes of calculating the gain or loss  on the sale of securities.   Gains
and losses of the  Master Trust funds are  allocated to the participating  plans
based upon participation  units at the  month-end valuation  date following  the
sale.  The gains recognized by the  Master Trust funds and amounts allocable  to
the Plan, for the Plan year November 30, 1994, are as follows:
<TABLE><CAPTION>
(Thousands of Dollars)                                  Equity Fund  Global Fund
<S>                                                    <C>          <C>
Proceeds from sale of securities                       $   397,600   $    55,624
Cost basis of securities sold                              253,925        52,706
Gain on sale                                           $   143,675   $     2,918

Amount of the gain allocable to the Plan               $    23,546   $       138
</TABLE>

NOTE 5 - REQUESTED DISTRIBUTIONS

The following is a summary of distributions requested by participants which had
not yet been paid at the respective plan year end:
<TABLE><CAPTION>
(Thousands of Dollars)      November 30,            November 30,
                                1994                    1993
                         Dollars      Units      Dollars      Units
<S>                    <C>       <C>           <C>       <C>
Income Fund            $   3,527      717,157  $   1,323      289,306
Equity Fund                  405       44,298        413       45,752
UTC Stock Fund                58       12,546         24        5,155
Global Fund                   20       13,289          5        3,667
Loan Fund                    682      682,000        114      114,000
</TABLE>
These amounts are reflected as liabilities in the Plan's Form 5500.


NOTE 6 - PLAN AMENDMENTS

Effective January 1, 1994, the Plan  permits transfers between investment  funds
in any whole percentage.  Prior to January 1, 1994, transfers between investment
funds were generally made through increments of 10%.

Effective January 1, 1994, the Plan permits future allocation of investment fund
contributions in any  whole percentage.   Prior to January  1, 1994,  investment
allocations were made in 25% increments.

Effective  January  1,  1994,  the  Plan  permits  participants  to  receive  an
installment distribution  upon attaining  age 55  with  five years  of  service.
Prior to January 1, 1994, the  Plan rules required age 55  with a minimum of  10
years of service.<PAGE>
<PAGE>


                                   SIGNATURES


The Plan (or other persons who  administer the employee benefit plan),  pursuant
to the requirements of  the Securities Exchange  Act of 1934,   has duly  caused
this annual report to be signed on  its behalf by the undersigned hereunto  duly
authorized.


                          UNITED TECHNOLOGIES CORPORATION
                          REPRESENTED EMPLOYEE SAVINGS PLAN



Dated: May 25, 1995       By: /s/ Daniel P. O'Connell
                              Daniel P. O'Connell
                              Corporate Director, Employee Benefits and Human 
                              Resources Systems
                              United Technologies Corporation<PAGE>


<PAGE>
                                                                      Exhibit 23






                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby  consent  to  the  incorporation  by  reference  in  the  Registration
Statement on Form S-8 (No. 33-26580)  of United Technologies Corporation of  our
report dated  May 25,  1995 appearing  in  the United  Technologies  Corporation
Represented Employee Savings  Plan's Annual  Report on  Form 11-K  for the  year
ended November 30, 1994.



PRICE WATERHOUSE LLP
Hartford, Connecticut
May 25, 1995<PAGE>



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