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. Allegheny Ludlum Retirement Savings Plan
B. Allegheny Teledyne Incorporated
1000 Six PPG Place
Pittsburgh, PA 15222
<PAGE>
ANNUAL REPORT ON FORM 11-K
FOR THE ALLEGHENY LUDLUM RETIREMENT SAVINGS 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 Allegheny
Ludlum Retirement Savings Plan (formerly known as the Allegheny Ludlum Planned
Savings Plan) for the fiscal year ended December 31, 1996, and the related
schedules thereto. The Allegheny Ludlum Retirement Savings 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
Allegheny Ludlum Retirement Savings 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
Personnel and Compensation Committee has duly caused this annual report to be
signed on its behalf by the undersigned thereunto duly authorized.
ALLEGHENY LUDLUM RETIREMENT
SAVINGS PLAN
Date: June 27, 1997 By: /s/ James L. Murdy
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James L. Murdy
Plan Administrator
<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 Consent of Independent Auditors - Ernst & Young LLP
EXHIBIT 23
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in Registration Statement (Form S-8
No. 333-10225) pertaining to the Allegheny Ludlum Retirement Savings Plan of our
report dated June 20, 1997, with respect to the financial statements and
schedules of the Allegheny Ludlum Retirement Savings 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 27, 1997
