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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 11-K
(MARK ONE)
{X} ANNUAL REPORT PURSUANT TO SECTION 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998
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OR
{ } TRANSITION REPORT PURSUANT TO SECTION 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
COMMISSION FILE NUMBER 001-14049
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IMS HEALTH INCORPORATED SAVINGS PLAN
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IMS HEALTH INCORPORATED
200 NYALA FARMS, WESTPORT, CT 06880
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<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Compensation and Benefits Committee of IMS Health Incorporated has duly caused
this annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
IMS Health Incorporated
/s/ James C. Malone
------------------------------------------
James C. Malone
Senior Vice President-Finance & Controller
June 23, 1999
2
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
DECEMBER 31, 1998
INDEX TO FORM 11-K
PAGE(S)
-------
Report of Independent Accounts ...................................... 4
Financial Statements:
Statement of Net Assets Available for Benefits as of
December 31, 1998 ................................................ 5
Statement of Changes in Net Assets Available for Benefits
for the period July 1, 1998 (inception date) through
December 31, 1998 ................................................ 6 - 7
Notes to Financial Statements ........................................ 8 - 11
Supplemental Schedules:
Item 27a: Schedule of Assets held for Investment Purposes ........ 12
Item 27d: Schedule of Reportable Transactions .................... 13 - 15
Exhibit Index ........................................................ 16
Exhibit 23 - Consent of Independent Accountants ...................... 17
3
<PAGE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Compensation and Benefits Committee of the Board of Directors of IMS
Health Incorporated:
In our opinion, the accompanying statements of net assets available for
plan benefits and the related statements of changes in net assets available for
plan benefits with fund information present fairly, in all material respects,
the net assets available for plan benefits of the IMS Health Incorporated
Savings Plan at December 31, 1998, and the changes in net assets available for
plan benefits for the period July 1, 1998 (inception date) through December 31,
1998 in conformity with generally accepted accounting principles. These
financial statements are the responsibility of the Plan's management; our
responsibility is to express an opinion on these financial statements based on
our audit. We conducted our audit of these financial 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 audit provides a reasonable basis for the opinion expressed
above.
Our audit was made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules listed in the
index on page 3 are presented for the purpose of additional analysis and are not
a required part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. The supplemental schedules have been subjected to the auditing procedures
applied in the audit of the basic financial statements and, in our opinion, are
fairly stated in all material respects in relation to the basic financial
statements taken as a whole.
/s/ PRICEWATERHOUSECOOPERS LLP
------------------------------
PRICEWATERHOUSECOOPERS LLP
New York, New York
June 23, 1999
4
<PAGE>
<TABLE>
<CAPTION>
IMS HEALTH INCORPORATED SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION
AT DECEMBER 31, 1998
(DOLLARS IN THOUSANDS)
Balanced Nielsen Inter-
IMS Health Special Equity/ Media Small national
Equity Common Fixed Bond Research Company Equity
Index Stock Income Index Stock Index Index Loan
Total Fund Fund Fund Fund Fund Fund Fund Fund
ASSETS ------- ------- ---------- ------- -------- -------- ------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Investments at fair value .......... $96,178 $47,417 $10,372 $23,936 $3,922 $455 $4,993 $2,613 $2,470
Accrued disbursement to
Participants ..................... (70) (46) (26) (4) (2) (7) (3) 158
Interfund receivable/(payable) ..... (477) 152 402 199 (35) (158) (83)
Loan and interest receivable ....... 4 1 1 1 1
Receivables:
Members contributions ............ 630 337 103 169 33 11 30 (53)
Company contributions ............ 136 72 1 48 7 1 7
------- ------- ------- ------- ------ ---- ------ ------ ------
Net assets available for benefits .. $96,948 $47,280 $10,583 $24,529 $4,158 $418 $4,841 $2,564 $2,575
======= ======= ======= ======= ====== ==== ====== ====== ======
</TABLE>
The accompanying notes are an integral part of this statement.
5
<PAGE>
<TABLE>
<CAPTION>
IMS HEALTH INCORPORATED SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND
INFORMATION
FOR THE PERIOD JULY 1, 1998 (INCEPTION DATE) THROUGH DECEMBER 31, 1998
(DOLLARS IN THOUSANDS)
Balanced Nielsen Inter-
IMS Health Special Equity/ Media Small national
Equity Common Fixed Bond Research Company Equity
Index Stock Income Index Stock Index Index Loan
Total Fund Fund Fund Fund Fund Fund Fund Fund
ADDITIONS TO NET ASSETS -------- ------- ---------- ------- -------- -------- ------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Attributed to:
Transfer in from Nielsen
Media Research Savings Plan ..... $ 85,688 $42,683 $ 0 $23,232 $3,464 $6,856 $4,682 $2,487 $2,284
Investment Income:
Net realized appreciation/
(depreciation) .................. 256 220 40 13 (30) 7 6
Net unrealized appreciation/
(depreciation) .................. 6,982 3,883 2,128 (94) 328 136 121 480
Interest and dividend income ...... 856 2 9 762 1 1 1 80
-------- ------- ------ ------- ------ ------ ------- ------ ------
Total Investment Income ....... 8,094 4,105 2,177 668 342 107 129 486 80
-------- ------- ------ ------- ------ ------ ------- ------ ------
Interest on members loans ......... 4 1 1 1 1
Repayment of members loans ........ 699 327 117 190 22 30 27 (14)
Contributions:
Members ......................... 3,664 1,657 840 411 212 323 221
Company ......................... 1,203 542 175 265 67 95 59
Rollover ........................ 905 229 335 85 58 162 36
-------- ------- ------ ------- ------ ------ ------- ------ ------
Total Contributions ........... 5,772 2,428 1,350 761 337 580 316
-------- ------- ------ ------- ------ ------ ------- ------ ------
Total additions ............... $100,257 $49,544 $3,645 $24,851 $4,166 $6,963 $5,422 $3,316 $2,350
======== ======= ====== ======= ====== ====== ====== ====== ======
</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
IMS HEALTH INCORPORATED SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND
INFORMATION - (CONTINUED)
FOR THE PERIOD JULY 1, 1998 (INCEPTION DATE) THROUGH DECEMBER 31, 1998
(DOLLARS IN THOUSANDS)
Balanced Nielsen Inter-
IMS Health Special Equity/ Media Small national
Equity Common Fixed Bond Research Company Equity
Index Stock Income Index Stock Index Index Loan
Total Fund Fund Fund Fund Fund Fund Fund Fund
DEDUCTIONS FROM NET ASSETS ------- ------- ---------- ------- -------- -------- ------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Attributed to:
Benefits paid to members .......... $(2,610) $ (902) $ (338) $ (366) $ (189) $ (16) $ (152) $ (647)
Loans to members .................. (699) (455) (160) (204) (23) (8) (50) (24) $ 225
------- ------- ------- ------- ------ ------- ------ ------ ------
Total Deductions .............. (3,309) (1,357) (498) (570) (212) (24) (202) (671) 225
Net increase in net assets prior
to interfund transfers .......... 96,948 48,187 3,147 24,281 3,954 6,939 5,220 2,645 2,575
INTERFUND TRANSFERS-NET ........... -- (907) 7,436 248 204 (6,521) (379) (81)
------- ------- ------- ------- ------ ------- ------ ------ ------
Net Increase ...................... 96,948 47,280 10,583 24,529 4,158 418 4,841 2,564 2,575
Net assets available for benefits:
Beginning of period ............. -- -- -- -- -- -- -- --
------- ------- ------- ------- ------- ------- ------ ------ ------
End of year ..................... $96,948 $47,280 $10,583 $24,529 $4,158 $ 418 $4,841 $2,564 $2,575
======= ======= ======= ======= ====== ======= ====== ====== ======
</TABLE>
The accompanying notes are an integral part of this statement.
7
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Dollar amounts in thousands
NOTE 1. DESCRIPTION OF THE PLAN
On July 1, 1998 (the "Inception Date"), IMS Health Incorporated (the "Company")
began operating as an independent publicly held company as a result of its
spin-off from Cognizant Corporation ("Cognizant"). Prior to the spin-off, the
Company was owned by Cognizant. As of the Inception Date the Company adopted the
IMS Health Incorporated Savings Plan (the "Plan") for the benefit of employees
of the Company who were members in the Cognizant Corporation Savings Plan. On
July 1, 1998, Cognizant made a tax-free transfer to Bankers Trust (the
"Trustee") for all account balances of Company member investments. The physical
transfer of those assets occurred over the course of a few days.
The following description of the Plan provides only general information. Members
should refer to the Plan document for a more complete description of the Plan's
provisions. Information with regard to eligibility, contributions,
distributions, vesting, trustees, withdrawals, restoration, loans, fund
redistribution, and definitions of all terms are contained in that document.
GENERAL
The Plan is a defined contribution plan available to all U.S. employees of the
Company which have been designated to participate in the Plan. Full-time and
regular part-time employees are eligible to participate in the Plan on the first
month following their first day of employment. Temporary employees who work at
least 1,000 hours in their first year of employment, or any subsequent calendar
year, are also eligible to participate. The Plan is subject to the provisions of
the Employee Retirement Income Security Act of 1974 ("ERISA").
INVESTMENT FUNDS
Contributions for member savings shall be invested in selected investment funds,
in multiples of 5%. All dividends and earnings from funds are reinvested in the
corresponding fund.
EQUITY INDEX FUND -- A fund invested in the common stock of all or a
significant proportion of the companies included in the Standard & Poor's
500 Stock Index. There are 1,583 members invested in this fund.
IMS HEALTH COMMON STOCK FUND -- A fund invested in the common stock of IMS
Health Incorporated. There are 1,013 members invested in this fund.
SPECIAL FIXED INCOME FUND -- A fund invested in guaranteed investment
contracts (GICs) with one or more insurance companies and/or financial
institutions selected by the Company. The insurance companies and/or
financial institutions contract to repay both principal and a specific rate
of return, from 5.28% to 7.33% with maturity dates from April, 1999 to
October 1, 2003. The average yield for December 31, 1997 and December 31,
1998 was 6.7% and 6.6%, respectively. The contract values of the guaranteed
investment contracts approximate their fair market value. There are 1,146
members in this fund.
BALANCED EQUITY/BOND INDEX FUND -- A fund comprised of 60% equity stocks
(S&P 500) and 40% U.S. debt instruments. There are 490 members in this
fund.
NIELSEN MEDIA RESEARCH ("NMR") LEGACY STOCK FUND -- A temporary fund,
terminated March 31, 1999, consisting of shares of NMR common stock. This
fund is available only to former participants in the Cognizant Savings Plan
whose account contained NMR common stock when it was transferred to the
Plan. No new contributions may be made to the fund, nor may any existing
account balances be transferred to this fund. There are 742 members in this
fund.
SMALL COMPANY EQUITY INDEX FUND -- A fund invested in common stocks in the
U.S. equity market that are not included in the Standard & Poor's 500 (S&P
500) Stock Index. There are 700 members in this fund.
8
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Dollar amounts in thousands, except member data
NOTE 1. DESCRIPTION OF THE PLAN (CONTINUED)
INVESTMENT FUNDS - (CONTINUED)
INTERNATIONAL EQUITY INDEX FUND -- A fund invested in a portfolio of
securities traded outside the United States. Investment selections are
based on the Europe, Australia and Far East Index. There are 531 members in
this fund.
The following investments represent 5% or more of net assets available for
benefits:
Equity Index Fund ............................ $47,280
Special Fixed Income Fund .................... $24,529
IMS Health Common Stock Fund ................. $10,583
Small Company Index Fund ..................... $ 4,841
LOAN FUND
Members may borrow from their fund accounts a minimum of $500 up to a maximum
equal to the lesser of 50 percent of their vested account balance or $50,000
minus the highest outstanding loan balance they had in the preceding 12 months.
Loan transactions are treated as a transfer to (from) the investment fund from
(to) the loan fund. The maximum loan term is 57 months or up to 117 months for
the purchase of a primary residence. The loans are secured by the balance in the
members account and bear interest at the prime rate as published in The Wall
Street Journal plus 2%. Principal and interest is paid ratably through monthly
payroll deductions
NOTE 2. ACCOUNTING POLICIES
CONTRIBUTIONS
A member may elect to contribute 1% to 16% of compensation. A member may
designate savings as Before-Tax Savings or after-tax Savings. A member who is a
highly compensated employee may be limited to less than 16% due to the existence
of certain tests required under the Internal Revenue Code (the "Code"). For
1998, the Code limit on before-tax contributions was $10,000 in the aggregate.
The Company matches an amount equal to 50% of a member's savings, up to the
first 6%. Member savings in excess of 6% are supplemental savings that are not
matched by Company contributions. Matching Company contributions are invested in
the same investment funds as the member's own contributions. The member's
contributions and the Company's matching contributions are forwarded monthly to
the Trustee.
MEMBER ACCOUNTS
Each member's account is credited with the member's contribution and allocations
of the Company's contributions and Plan earnings.
VESTING
Members are 100% vested in the Company's matching contributions after the third
year of employment with credit given for employment with the Company's
predecessors. Notwithstanding the foregoing statement, a member becomes fully
vested in their Company contribution account upon retirement, disability, death,
or reaching age 65.
PAYMENTS OF BENEFITS
On termination of service due to death, disability, retirement or other reasons,
a member may elect to receive a lump sum amount equal to the value of the
member's vested interest in his or her account or, subject to certain
conditions, annual installments over a period not greater than twenty years.
Members may also elect to defer distributions subject to certain conditions.
9
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Dollar amounts in thousands
NOTE 2. ACCOUNTING POLICIES - (CONTINUED)
FORFEITURES
A member who is not 100% vested in his or her Company contributions and is
terminated for reasons other than retirement; death or disability shall forfeit
his or her non-vested Company contributions. Forfeited amounts shall be applied
to reduce subsequent Company contributions. In the event the employee is
subsequently re-employed by the Company prior to incurring 5 consecutive one
year breaks in service, such forfeited amount of his or her Company
contributions shall be restored to his or her account. Amounts forfeited for the
period July 1, 1998 to December 31, 1998 were not significant and have been used
to reduce Company contributions for the plan year ended December 31, 1998.
ADMINISTRATIVE EXPENSES
Transaction and investment manager fees for each fund are charged against the
Plan's assets. These fees are netted against net realized
appreciation/depreciation as they are not significant to the plan. Trustee fees
and other expenses of administering the Plan are borne by the Company.
BASIS OF PRESENTATION
The financial statements of the Plan were prepared under the accrual method of
accounting. The Plan's financial statements have been prepared in conformity
with generally accepted accounting principles. The preparation of financial
statements in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of investment
income and expenses during the reporting period. Actual results could differ
from those estimates.
The Plan provides for various investment options in any combination of stocks,
bonds, fixed income securities, mutual funds, and other investment securities.
Certain investment securities are exposed to various risks, such as interest
rate, market and credit. Due to the level of risk associated with certain
investment securities and the level of uncertainty related to changes in the
value of investment securities, it is at least reasonably possible that changes
in risks in the near term would materially affect members' account balances and
the amounts reported in the statement of net assets available for benefits and
the statement of changes in net assets available for benefits.
The Plan's guaranteed investment contracts are stated at contract values, which
represent the aggregate amount of deposits thereto, plus interest at the
contract rate, less withdrawals. Mutual funds are valued at the net asset values
reported by the funds. Company stock is valued at its quoted market price.
Purchases and sales of securities are recorded on a trade-date basis. Interest
income is recorded on the accrual basis. Dividends are recorded on the
ex-dividend date.
NOTE 3. FEDERAL INCOME TAX
The plan is subject to the provisions of the Employee Retirement Income Security
Act of 1974, as amended. A request for formal determination that the Plan is
qualified and the trust established under the Plan is tax-exempt will be made to
the Internal Revenue Service in the near future. In the opinion of management, a
favorable ruling is expected in due course. The Plan administrator and the
Plan's tax counsel believe that the Plan is designed and is currently being
operated in compliance with the applicable provisions of the Internal Revenue
Code ("the Code"). Therefore, no provision for income taxes has been included in
the Plan's financial statements.
10
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Dollar amounts in thousands
NOTE 4. PLAN TERMINATION
While the Company has not expressed any intent to discontinue its contributions
or terminate the Plan, it is free to do so at any time subject to the provisions
of ERISA and the Code which state that, in such event, all members of the Plan
shall be fully vested in the amounts in their accounts. In the event of Plan
termination, members will become 100% vested in the Company's contribution
portion of their accounts.
NOTE 5. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits per the
financial statements to the Form 5500:
Net assets available for benefits per the
financial statements ............................... $96,948
Amounts allocated to withdrawing members at
December31, 1998 .................................... 393
-------
Net assets available for benefits per the Form 5500 ... $96,555
=======
The following is a reconciliation of benefits paid to members per the financial
statements to the Form 5500:
Benefits paid to members per the financial
statement ............................................. $ 2,610
Amounts allocated to withdrawing members at
December 31, 1998. .................................. 393
-------
Benefits paid to members per the Form 5500 ............ $ 3,003
=======
Amounts allocated to withdrawing members are recorded on the Form 5500 for
benefit claims that have been processed and approved for payment prior to
December 31, 1998, but not yet paid as of that date.
11
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
SUPPLEMENTAL SCHEDULE
Dollar amounts in thousands
Item 27a - Schedule of Assets Held for Investment purposes as of December 31,
1998
Description of Asset Cost Fair Value
- - --------------------------------------------------- ------- ----------
BT Pyramid Directed Account Cash Fund $ 107 $ 107
Wells Fargo Equity Index Fund 21,953 49,798
Wells Fargo U.S. Debt Fund 1,422 1,541
BGI Miscellaneous Fund Malaysia 8 11
BGI Extended Equity Market Fund 4,301 4,993
BGI EAFE Equity Index Fund 2,290 2,602
IMS Health Common Stock 8,368 10,511
Nielsen Media Research Common Stock 299 394
Allstate--Rate 6.24% Matures on 10/1/2001 1,004 1,004
Allstate--Rate 5.28% Matures on 10/1/2002 1,621 1,621
John Hancock--Rate 6.22% Matures on 4/3/2000 881 881
John Hancock--Rate 6.12% Matures on 4/2/2001 2,049 2,049
John Hancock--Rate 5.66% Matures on 4/3/2001 1,603 1,603
John Hancock--Rate 6.01% Matures on 4/1/2002 1,066 1,066
Metropolitan Life--Rate 6.20% Matures on 10/1/1998 1,093 1,093
Metropolitan Life--Rate 6.15% Matures on 10/2/2000 426 426
Metropolitan Life--Rate 7.33% Matures on 10/1/2001 914 914
Metropolitan Life--Rate 6.08% Matures on 10/1/2001 2,284 2,284
Metropolitan Life--Rate 6.75% Matures on 10/2/2001 1,024 1,024
New York Life--Rate 7.19% Matures on 4/3/2000 534 534
New York Life--Rate 6.25% Matures on 4/3/2000 654 654
New York Life--Rate 7.17% Matures on 10/2/2000 3,385 3,385
Principal Mutual--Rate 6.40% Matures on 10/2/2000 990 990
Principal Mutual--Rate 7.24% Matures on 10/2/2000 692 692
Principal Mutual--Rate 7.22% Matures on 10/2/2002 3,531 3,531
Member Loans 2,470 2,470
------- -------
Total Investment $64,969 $96,178
======= =======
12
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
SUPPLEMENTAL SCHEDULE
Dollar amounts in thousands
Item 27d (Part I) - Schedule of Reportable Transactions for the period July 1,
1998 (inception date) through December 31, 1998.
Identity of Party Current Value
Involved/ of Asset
Description of Purchase Selling Cost of Transaction
Investment Price Price Asset Date Gain/(Loss)
- - ----------------- -------- ------- ------- ------------- -----------
There were no single or series transactions that were greater than 5%.
13
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
SUPPLEMENTAL SCHEDULE
Dollar amounts in thousands, except sales and purchases data
<TABLE>
Item 27d (Part II) - Schedule of 5% Reportable Cumulative Transactions by Issue
for the period of July 1, 1998 (inception date) through December 31,1998.
<CAPTION>
Disposed Acquired
Security Description Sales Proceeds Gain/(Loss) Purchases Cost
- - ---------------------------------------- ------- ---------- ------------- ----------- ----------
<S> <C> <C> <C> <C> <C>
BT Pyramid Directed Account Cash
Funds 98 $5,146,698 155 $5,264,704
IMS Health Outstanding Employee
Loans 38 549,107 8 3,018,925
Wells Fargo U.S. Debt Fund 3 44,600 2,972 7 125,999
Wells Fargo U.S. Debt Fund E 3 48,000 290 6 83,331
BGI Msic Fund-Malaysia 0 -- -- 1 8,096
BGI Money Market Fund for EBT 0 -- -- 90 99
Wells Fargo Equity Index Fund 8 474,408 218,405 19 1,432,976
BZW Equity Index Fund E 16 379,002 11,272 11 429,353
BGI Xtended Equity Market Fund E 5 240,000 10,541 9 278,859
BGI EAFE Equity Index E 4 181,000 6,032 16 270,880
BGI EAFE Equity Index Fund A 1 8,096 (44) 1 130,000
BGI Xtended Equity Market Fund 3 208,002 3,529 8 445,996
IMS Health Incorporated Common
Stock 5 612,118 35,427 15 8,954,964
Nielsen Media Research Incorporated
Common Stock 2 446,409 (19,679) 1 466,088
Nielsen Media Research Incorporated
Common Stock-New 7 85,030 (10,451) 1 394,408
Allstate--GAC #6049A, Rate 6.24%,
Matures 10/1/2001 10 73,467 6 1,077,181
Met Life--GAC #24932, Rate 6.08%,
Matures 10/1/2001 10 140,034 13 2,424,260
Met Life--GAC #24928, Rate 7.33%,
Matures 10/1/2001 11 401,330 6 1,315,726
John Hancock--GAC #9801, Rate 5.98%,
Matures 10/1/1998 6 349,392 4 349,392
Principal Mutual GAC #34234 Deal I,
Rate 6.09%, Matures 10/1/1998 7 314,492 5 314,492
John Hancock--GAC #9802, Rate 6.22%,
Matures 04/3/2000 10 64,463 6 945,117
New York Life GAC #30863-002, Rate
6.25%, Matures 04/3/2000 10 48,386 6 702,788
John Hancock--GAC #9805, Rate 6.01%,
Matures 04/1/2002 10 78,036 6 1,143,613
Allstate--GAC #6114, Rate 5.28%,
Matures 04/01, 10/1/2002 4 44,278 7 1,665,753
New York Life GAC #30864, Rate 7.17%,
Matures 10/2/2000 10 249,810 6 3,634,624
</TABLE>
14
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
SUPPLEMENTAL SCHEDULE
Dollar amounts in thousands, except sales and purchases data
<TABLE>
Item 27d (Part II) - Schedule of 5% Reportable Cumulative Transactions by Issue
for the period of July 1, 1998 (inception date) through December 31,1998.
(continued)
<CAPTION>
Disposed Acquired
Security Description Sales Proceeds Gain/(Loss) Purchases Cost
- - ---------------------------------------- ------- ---------- ------------- ----------- ----------
<S> <C> <C> <C> <C> <C>
MetLife GAC #24929, Rate 6.15%,
Matures 10/2/2000 10 31,155 6 456,702
MetLife GAC #24930, Rate 6.75%,
Matures 10/2/2001 10 74,864 6 1,098,831
MetLife GAC #24931, Rate 6.20%,
Matures 10/1/1999 10 79,997 6 1,172,811
Principal Mutual GAC #4-34234 Deal IV,
Rate 7.22%, Matures 10/2/2002 10 258,209 6 3,789,317
John Hancock--GAC #9804, Rate 5.66%,
Matures 04/3/2001 10 117,506 6 1,720,777
John Hancock--GAC #9803, Rate 6.12%,
Matures 04/2/2001 10 150,025 6 2,199,110
Principal Mutual GAC #4-34234 Deal II,
Rate 7.24%, Matures 10/2/2000 10 50,522 6 742,305
Principal Mutual GAC #4-34234 Deal III,
Rate 6.40%, Matures 10/2/2000 10 72,446 6 1,062,552
New York Life GAC #30863, Rate 7.19%,
Matures 0403/2000 11 228,608 6 763,032
</TABLE>
15
<PAGE>
IMS HEALTH INCORPORATED SAVINGS PLAN
EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
- - ------------- ------------------------------------
EX - 23 Consent of Independent Accountants
16
EXHIBIT 23
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the registration statement of
IMS Health Incorporated on Form S-8 (File No. 333-69195, 333-67779 and
333-58361) of our report dated June 23, 1999 on our audits of the financial
statements of IMS Health Incorporated Savings Plan as of December 31, 1998 and
for the six months ended December 31, 1998, which report is included in this
annual report on Form 11-K.
/s/ PRICEWATERHOUSECOOPERS LLP
------------------------------
PRICEWATERHOUSECOOPERS LLP
New York, New York
June 23, 1999
17
