SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 11-K
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT ---
OF 1934 (FEE REQUIRED) for the fiscal year ended December 31, 1996, or
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITES EXCHANGE
- --- ACT OF 1934 (NO FEE REQUIRED) for the transition period from
to .
- ------------------------------- -------------------------------
COMMISSION FILE NUMBER 1-12001.
A. Teledyne Savings and Retirement Supplement Plan
B. Allegheny Teledyne Incorporated
1000 Six PPG Place
Pittsburgh, PA 15222
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ANNUAL REPORT ON FORM 11-K
FOR THE TELEDYNE SAVINGS AND RETIREMENT SUPPLEMENT PLAN
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1996
Pursuant to the section of the General Instructions to Form 11-K entitled
"Required Information," the Annual Report on Form 11-K for the fiscal year ended
December 31, 1996, consists of the audited financial statements of the Teledyne
Savings and Retirement Supplement for the fiscal year ended December 31, 1996,
and the related schedules thereto. The Teledyne Savings and Retirement
Supplement Plan is subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA"), and in accordance with Item 4 of the section of the
General Instructions to Form 11-K entitled "Required Information," the financial
statements and schedules furnished herewith have been prepared in accordance
with the financial reporting requirements of ERISA, in lieu of the requirements
of Item 1-3 of that section of the General Instructions.
<PAGE>
Audited Financial Statements
for the
Teledyne Savings and Retirement Supplement Plan
for
Years ended December 31, 1996 and 1995
with Report of independent Auditors
have been filed under cover of Form SE
pursuant to General Instruction E of
Form 11-K and Reg. Section 232.311
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Trust Administrative Committee has duly caused this annual report to be signed
on its behalf by the undersigned thereunto duly authorized.
TELEDYNE SAVINGS AND RETIREMENT
SUPPLEMENT PLAN
Date: June 27, 1997 By: /s/ Douglas J. Grant
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Douglas J. Grant
Member, Trust Administrative
Committee
<PAGE>
EXHIBIT INDEX
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The following exhibit is filed as part of this Annual Report on Form 11-K:
Exhibit No.
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23.1 Consent of Independent Auditors - Ernst & Young LLP
23.2 Consent of Independent Accountants - Arthur Andersen LLP
EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statement (Form
S-8 No. 2-52617) pertaining to the Teledyne Savings & Retirement Supplement Plan
of Allegheny Teledyne Incorporated of our report dated June 23, 1997, with
respect to the financial statements and schedules of the Teledyne Savings &
Retirement Supplement Plan included in this Annual Report (Form 11-K) for the
year ended December 31, 1996.
/s/ ERNST & YOUNG LLP
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ERNST & YOUNG LLP
Pittsburgh, Pennsylvania
June 23, 1997
EXHIBIT 23.2
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation of our
report dated June 27, 1996 included in this Form 11-K, into the Company's
previously filed Registration Statement File No. 2-52617.
/s/ Arthur Andersen LLP
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Arthur Andersen LLP
Los Angeles, California
June 26, 1997
