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 401(k) 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 401(K) 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
401(k) Plan for the fiscal year ended December 31, 1996, and the related
schedules thereto. The Teledyne 401(k) 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 401(k) 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
Administrative Committee has duly caused this annual report to be signed on its
behalf by the undersigned thereunto duly authorized.
TELEDYNE 401(K)
PLAN
Date: June 27, 1997 By: /s/ Dale G. Reid
------------------------------
Dale G. Reid
Member, 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.
- -----------
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. 333-10227) pertaining to the Teledyne 401(k) Plan of Allegheny Teledyne
Incorporated of our report dated June 23, 1997, with respect to the financial
statements and schedules of the Teledyne 401(k) 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 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. 33-10227.
/s/ Arthur Andersen LLP
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Arthur Andersen LLP
Los Angeles, California
June 26, 1997
