AMAZON COM INC
305B2, 2000-02-14
CATALOG & MAIL-ORDER HOUSES
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<PAGE>   1
- --------------------------------------------------------------------------------
                                    FORM T-1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            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) |__|


                  ---------------------------------------------

                              THE BANK OF NEW YORK

               (Exact name of trustee as specified in its charter)

New York                                              13-5160382
(State of incorporation                               (I.R.S. employer
if not a U.S. national bank)                          identification no.)

One Wall Street, New York, N.Y.                       10286
(Address of principal executive offices)              (Zip code)


                  ---------------------------------------------

                                AMAZON.COM, INC.

               (Exact name of obligor as specified in its charter)

Delaware                                               91-1646860
(State or other jurisdiction of                        (I.R.S. employer
incorporation or organization)                         identification no.)

1200 12th Avenue, South                                98144
Suite 1200                                             (Zip code)
Seattle, Washington
(Address of principal executive offices)

            6 7/8% Premium Adjustable Convertible Securities due 2010
                       (Title of the indenture securities)

- --------------------------------------------------------------------------------

<PAGE>   2
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.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------

                           Name                                                      Address
- ----------------------------------------------------------------------------------------------------------------
<S>                                                              <C>

      Superintendent of Banks of the State of New York           2 Rector Street, New York, N.Y.  10006,
                                                                 and Albany, N.Y.  12203

      Federal Reserve Bank of New York                           33 Liberty Plaza, New York, N.Y.  10045

      Federal Deposit Insurance Corporation                      Washington, D.C.  20429

      New York Clearing House Association                        New York, New York  10005
</TABLE>

      (b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.

      Yes.

2.    AFFILIATIONS WITH OBLIGOR.

      IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
      AFFILIATION.

      None.

16.      LIST OF EXHIBITS.

      EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION, ARE
      INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO RULE
      7A-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17 C.F.R.
      229.10(D).

      1.    A copy of the Organization Certificate of the The Bank of New York
            (formerly Irving Trust Company) as now in effect, which contains the
            authority to commence business and a grant of powers to exercise
            corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1
            filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to
            Form T-1 filed with Registration Statement No. 33-21672 and Exhibit
            1 to Form T-1 filed with Registration Statement No. 33-29637.)

      4.    A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form
            T-1 filed with Registration Statement No. 33-31019.)

      6.    The consent of the Trustee required by Section 321(b) of the Act.
            (Exhibit 6 to Form T-1 filed with Registration Statement No.
            33-44051.)

      7.    A copy of the latest report of condition of the Trustee published
            pursuant to law or to the requirements of its supervising or
            examining authority.

                                       2
<PAGE>   3
                                    SIGNATURE

      Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, 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 8th day of February, 2000.



                                       THE BANK OF NEW YORK



                                       By: /s/ MARY LAGUMINA
                                           ---------------------------
                                       Name:  Mary LaGumina
                                       Title: Assistant Vice President


                                       3

<PAGE>   1
                                    EXHIBIT 7

- --------------------------------------------------------------------------------

                       Consolidated Report of Condition of
                              THE BANK OF NEW YORK
                    of One Wall Street, New York, N.Y. 10286
                     And Foreign and Domestic Subsidiaries,
                 a member of the Federal Reserve System, at the
                 close of business September 30, 1999, published
                  in accordance with a call made by the Federal
                  Reserve Bank of this District pursuant to the
                     provisions of the Federal Reserve Act.

<TABLE>
<CAPTION>
                                                                        Dollar Amounts
                                                                         in Thousands
<S>                                                                     <C>
ASSETS
Cash and balance due from depository institutions:
         Noninterest-bearing balances and currency and coin....            $6,394,412
         Interest-bearing balances.............................             3,966,749
Securities:
         Held-to-maturity securities...........................               805,227
         Available-for-sale securities.........................             4,152,260
Federal funds sold and Securities purchased under agreements to
         resell................................................             1,449,439
Loans and lease financing receivables:
         Loans and leases, net of unearned income....37,900,739
         LESS: Allowance for loan and lease losses......572,761
         LESS: Allocated transfer risk reserve...........11,754
         Loans and leases, net of unearned income, allowance,
         and, reserve..........................................            37,316,224
Trading Assets.................................................             1,646,634
Premises and fixed assets (including capitalized leases).......               678,439
Other real estate owned                                                        11,571
Investments in unconsolidated subsidiaries and associated
         companies.............................................               183,038
Customers' liability to this bank on acceptances outstanding...               349,282
Intangible assets..............................................               790,558
Other assets...................................................             2,498,658
                                                                         ------------
Total assets...................................................           $60,242,491
                                                                         ============
</TABLE>

<PAGE>   2

<TABLE>
<CAPTION>
                                                                        Dollar Amounts
                                                                         in Thousands
LIABILITIES
<S>                                                                     <C>
Deposits:
         In domestic offices...................................           $26,030,231
         Noninterest-bearing.........................11,348,986
         Interest-bearing............................14,681,245
         In foreign offices, Edge and Agreement subsidiaries,
         and, IBFs.............................................            18,530,950
         Noninterest-bearing............................156,624
         Interest-bearing............................18,374,326
Federal funds purchased and Securities sold under agreements
         to repurchase.........................................             2,094,678
Demand notes issued to the U.S. Treasury.......................               232,459
Trading liabilities............................................             2,081,462
Other borrowed money:
         With remaining maturity of one year or less...........               863,201
         With remaining maturity of more than one year
            through three years................................                   449
         With remaining maturity of more than three years......                31,080
Bank's liability on acceptances executed and outstanding.......               351,286
Subordinated notes and debentures..............................             1,308,000
Other liabilities..............................................             3,055,031
                                                                       --------------
Total liabilities..............................................            54,578,827
                                                                       ==============

EQUITY CAPITAL
Common stock...................................................             1,135,284
Surplus  ......................................................               815,314
Undivided profits and capital reserves.........................             3,759,164
Net unrealized holding gains
         (losses) on available-for-sale securities.............              (15,440)
Cumulative foreign currency transaction adjustments............              (30,658)
                                                                       --------------
Total equity capital...........................................             5,663,664
                                                                       --------------
Total liabilities and equity capital...........................           $60,242,491
                                                                       ==============
</TABLE>

      I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.

                                                                Thomas J. Mastro

      We, the undersigned directors, attest to the correctness of this Report of
Condition and 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
issued by the Board of Governors of the Federal Reserve System and is true and
correct.

      Thomas A. Renyi   )
      Alan R. Griffith  )   Directors
      Gerald L. Hassell )

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