<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
( X ) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the Fiscal Year Ended December 31, 1993
OR
( ) TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
Commission File Number 1-800
Title of the Plan -
SPECIAL INVESTMENT AND SAVINGS PLAN
FOR WRIGLEY EMPLOYEES
Name and Address of the Issuer of the Securities
Held Pursuant to the Plan -
WM. WRIGLEY JR. COMPANY
(Delaware Corporation)
410 North Michigan Avenue
Chicago, Illinois 60611
<PAGE>
SIGNATURE
The Plan. Pursuant to the requirements of the Securities
Exchange Act of 1934, the Special Investment and Savings Plan
Committee, as Administrator of the Plan, has duly caused this
Annual Report to be signed by the undersigned thereunto duly
authorized.
WM. WRIGLEY JR. COMPANY
SPECIAL INVESTMENT AND SAVINGS
PLAN
By:
Wm. M. Piet
Special Investment and Savings
Plan Committee Member and Vice
President-Corporate Affairs and
Secretary, Wm. Wrigley Jr. Company
Date: April 18, 1994
<PAGE>
Financial Statements
Special Investment and Savings Plan
for Wrigley Employees
December 31, 1993, 1992, and 1991
with Report of Independent Auditors
<PAGE>
Special Investment and Savings Plan
for Wrigley Employees
Financial Statements
Years ended December 31, 1993, 1992, and 1991
<TABLE>
<CAPTION>
Contents
<S> <C>
Report of Independent Auditors 1
Financial Statements
Statement of Net Assets Available for
Plan Benefits - December 31, 1993 3
Statement of Net Assets Available for
Plan Benefits - December 31, 1992 4
Statement of Changes in Net Assets Available
for Plan Benefits - year ended December 31, 1993 5
Statement of Changes in Net Assets Available
for Plan Benefits - year ended December 31, 1992 6
Statement of Changes in Net Assets Available
for Plan Benefits - year ended December 31, 1991 7
Notes to Financial Statements 8
</TABLE>
Note: The Statement of Net Assets Available for Plan Benefits
for 1992 and the Statements of Changes in Net Assets
Available for Plan Benefits for 1992 and 1991 have been
restated for comparative purposes. Amounts due to
terminating and withdrawing participants at December 31
are shown as net assets available for plan benefits
rather than as a liability of the Plan in accordance with
new AICPA requirements.
<PAGE>
Report of Independent Auditors
The Special Investment and Savings Plan Committee
Special Investment and Savings Plan
for Wrigley Employees
We have audited the accompanying statements of net assets available
for plan benefits of the Special Investment and Savings Plan for
Wrigley Employees as of December 31, 1993 and 1992, and the related
statements of changes in net assets available for plan benefits for
each of the three years in the period ended December 31, 1993.
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 audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards 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. An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the net assets available for plan
benefits of the Plan at December 31, 1993 and 1992, and the changes
in its net assets available for plan benefits for each of the three
years in the period ended December 31, 1993, in conformity with
generally accepted accounting principles.
Enrst & Young
Chicago, Illinois
March 4, 1994
<PAGE>
<TABLE>
Special Investment and Savings Plan
for Wrigley Employees
Statement of Net Assets Available for Plan Benefits
December 31, 1993
<CAPTION>
Total Fund A Fund B Fund C
<S> <C> <C> <C> <C>
Assets
Investments:
Aetna Interest Accumulation Fund
(Separate Account 256)
(cost $37,613,743) $ 38,710,701 $38,710,701 $ - $ -
Aetna Growth and Income Equity
Account (Separate Account 83) (cost
$2,750,661) 4,165,487 - 4,165,487 -
Wm. Wrigley Jr. Company Common Stock
(4,176,478 shares; cost -
$16,350,933) 184,287,092 - - 184,287,092
Wm. Wrigley Jr. Company Class B
Common Stock (1,022,804 shares; cost
$2,530,249) 45,131,226 - - 45,131,226
The Northern Trust Company
Collective Trust Short-Term
Investment Fund (2,053,820 units;
cost $2,053,820) 2,053,820 1,547 859 2,051,414
--------------------------------------------------------
Total investments 274,348,326 38,712,248 4,166,346 231,469,732
Receivables:
Participants' contributions 826,736 442,358 51,774 332,604
Employer's contributions, net of
forfeitures 351,176 - - 351,176
Participants' loans 3,901,776 1,537,181 118,269 2,246,326
Dividends and interest receivable 400,759 11,346 1,263 388,150
--------------------------------------------------------
Total receivables 5,480,447 1,990,885 171,306 3,318,256
--------------------------------------------------------
Net assets available for plan benefits $279,828,773 $40,703,133 $4,337,652 $234,787,988
========================================================
Net assets available for plan benefits:
Participants' contributions
including earnings $113,123,361 $40,703,133 $4,337,652 $ 68,082,576
Employer's contributions including
earnings 166,705,412 - - 166,705,412
--------------------------------------------------------
Net assets available for plan benefits $279,828,773 $40,703,133 $4,337,652 $234,787,988
========================================================
</TABLE>
See notes to financial statements.
<PAGE>
<TABLE>
Special Investment and Savings Plan
for Wrigley Employees
Statement of Net Assets Available for Plan Benefits
December 31, 1992
<CAPTION>
Total Fund A Fund B Fund C
<S> <C> <C> <C> <C>
Assets
Investments:
Aetna Interest Accumulation Fund
(Separate Account 256)
(cost - $37,882,459) $ 38,778,755 $38,778,755 $ - $ -
Aetna Growth and Income Equity
Account (Separate Account 83) (cost
- $2,165,348) 3,878,681 - 3,878,681 -
Wm. Wrigley Jr. Company Common Stock
(4,231,862 shares; cost -
$14,418,140) 138,064,498 - - 138,064,498
Wm. Wrigley Jr. Company Class B
Common Stock (1,108,340 shares;
cost - $2,642,069) 36,159,592 - - 36,159,592
The Northern Trust Company
Collective Trust Short-Term
Investment Fund (2,716,160 units;
cost - $2,716,160) 2,716,160 10,842 1,038 2,704,280
-------------------------------------------------------
Total investments 219,597,686 38,789,597 3,879,719 176,928,370
Receivables:
Participants' contributions 139,315 79,953 9,639 49,723
Employer's contributions, net of
forfeitures 79,818 - - 79,818
Participants' loans 3,331,817 1,436,527 85,416 1,809,874
Dividends receivable 188,355 - - 188,355
-------------------------------------------------------
Total receivables 3,739,305 1,516,480 95,055 2,127,770
Net assets available for plan benefits $223,336,991 $40,306,077 $3,974,774 $179,056,140
Net assets available for plan benefits:
Participants' contributions
including earnings $ 95,233,206 $40,306,077 $3,974,774 $ 50,952,355
Employer's contributions including
earnings 128,103,785 - - 128,103,785
-------------------------------------------------------
Net assets available for plan benefits $223,336,991 $40,306,077 $3,974,774 $179,056,140
=======================================================
</TABLE>
See notes to financial statements.
<PAGE>
<TABLE>
Special Investment and Savings Plan
for Wrigley Employees
Statement of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 1993
<CAPTION>
Total Fund A Fund B Fund C
<S> <C> <C> <C> <C>
Investment income
Dividends:
Aetna Growth and Income Equity
Account (Separate Account 83) $ 307,200 $ - $ 307,200 $ -
Wm. Wrigley Jr. Company Common
Stock 3,708,478 - - 3,708,478
Wm. Wrigley Jr. Company Class B
Common Stock 227,893 - - 227,893
-------------------------------------------------------
4,243,571 - 307,200 3,936,371
Interest:
Aetna Interest Accumulation Fund
(Separate Account 256) 2,435,571 2,435,571 - -
The Northern Trust Company
Collective Trust Short-Term
Investment Fund 44,609 6,187 406 38,016
Participants' loans 240,794 71,909 7,530 161,355
-------------------------------------------------------
2,720,974 2,513,667 7,936 199,371
-------------------------------------------------------
Total investment income 6,964,545 2,513,667 315,136 4,135,742
Net realized and unrealized
appreciation (depreciation) in 60,984,023 200,663 (67,489) 60,850,849
market value
Contributions
Participants 6,861,445 3,656,072 497,692 2,707,681
Employer 3,024,047 - - 3,024,047
-------------------------------------------------------
Total contributions 9,885,492 3,656,072 497,692 5,731,728
Distributions to terminating and
withdrawing participants (21,310,804) (5,130,682) (283,224) (15,896,898)
Forfeitures, allocable to future
employer contributions (31,474) - - (31,474)
Transfers of investment direction - (842,664) (99,237) 941,901
-------------------------------------------------------
Increase in net assets available for
plan benefits 56,491,782 397,056 362,878 55,731,848
Net assets available for plan
benefits at beginning of year 223,336,991 40,306,077 3,974,774 179,056,140
------------------------------------------------------
Net assets available for plan
benefits at end of year $279,828,773 $40,703,133 $4,337,652 $234,787,988
=======================================================
</TABLE>
See notes to financial statements.
<PAGE>
<TABLE>
Special Investment and Savings Plan
for Wrigley Employees
Statement of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 1992
<CAPTION>
Total Fund A Fund B Fund C
<S> <C> <C> <C> <C>
Investment income
Dividends:
Aetna Growth and Income Equity
Account (Separate Account 83) $ 168,473 $ - $ 168,473 $ -
Wm. Wrigley Jr. Company Common
Stock 2,607,121 - - 2,607,121
Wm. Wrigley Jr. Company Class B
Common Stock 705,195 - - 705,195
------------------------------------------------------
3,480,789 - 168,473 3,312,316
Interest:
Aetna Interest Accumulation Fund
(Separate Account 256) 3,271,595 3,271,595 - -
The Northern Trust Company
Collective Trust Short-Term
Investment Fund 27,440 3,585 313 23,542
Participants' loans 242,785 81,205 6,550 155,030
-------------------------------------------------------
3,541,820 3,356,385 6,863 178,572
-------------------------------------------------------
Total investment income 7,022,609 3,356,385 175,336 3,490,888
Net realized and unrealized
appreciation in market value 31,096,756 896,295 73,201 30,127,260
Contributions
Participants 6,764,881 4,163,104 480,615 2,121,162
Employer 2,883,583 - - 2,883,583
-------------------------------------------------------
Total contributions 9,648,464 4,163,104 480,615 5,004,745
Distributions to terminating and
withdrawing participants (17,786,346) (5,674,975) (285,324) (11,826,047)
Forfeitures, allocable to future
employer contributions (25,141) - - (25,141)
Transfers of investment direction - (2,665,825) (331,938) 2,997,763
-------------------------------------------------------
Increase in net assets available for
plan benefits 29,956,342 74,984 111,890 29,769,468
Net assets available for plan
benefits at beginning of year 193,380,649 40,231,093 3,862,884 149,286,672
-------------------------------------------------------
Net assets available for plan
benefits at end of year $223,336,991 $40,306,077 $3,974,774 $179,056,140
=======================================================
</TABLE>
See notes to financial statements.
<PAGE>
<TABLE>
Special Investment and Savings Plan
for Wrigley Employees
Statement of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 1991
<CAPTION>
Total Fund A Fund B Fund C
<S> <C> <C> <C> <C>
Investment income
Dividends:
Aetna Growth and Income Equity
Account (Separate Account 83) $ 145,449 $ - $ 145,449 $ -
Wm. Wrigley Jr. Company Common
Stock 2,307,216 - - 2,307,216
Wm. Wrigley Jr. Company Class B
Common Stock 698,386 - - 698,386
------------------------------------------------------
3,151,051 - 145,449 3,005,602
Interest:
Aetna Life and Casualty Company,
plan accumulation contract 3,223,553 3,223,553 - -
The Northern Trust Company
Collective Trust Short-Term
Investment Fund 56,444 2,606 431 53,407
Participants' loans 215,185 75,061 4,253 135,871
------------------------------------------------------
3,495,182 3,301,220 4,684 189,278
------------------------------------------------------
Total investment income 6,646,233 3,301,220 150,133 3,194,880
Net realized and unrealized
appreciation in market value 54,327,403 - 654,384 53,673,019
Contributions
Participants 6,191,643 4,152,103 423,513 1,616,027
Employer 2,764,894 - - 2,764,894
Total contributions 8,956,537 4,152,103 423,513 4,380,921
Distributions to terminating and
withdrawing participants (14,566,555) (5,120,659) (443,163) (9,002,733)
Forfeitures, allocable to future
employer contributions (34,018) - - (34,018)
Transfers of investment direction - (160,335) (78,794) 239,129
-------------------------------------------------------
Increase in net assets available for
plan benefits 55,329,600 2,172,329 706,073 52,451,198
Net assets available for plan
benefits at beginning of year 138,051,049 38,058,764 3,156,811 96,835,474
-------------------------------------------------------
Net assets available for plan
benefits at end of year $193,380,649 $40,231,093 $3,862,884 $149,286,672
=======================================================
</TABLE>
See notes to financial statements.
<PAGE>
Special Investment and Savings Plan
for Wrigley Employees
Notes to Financial Statements
1. Description of the Plan
The following is a brief description of the Special Investment
and Savings Plan for Wrigley Employees (the Plan) in effect at
December 31, 1993, and is provided for general information
purposes only. Participants should refer to the Plan document
for a more complete description of the Plan's provisions.
Participation and Contributions
The Plan was established, effective January 1, 1975, for the
employees of Wm. Wrigley Jr. Company and such United States
subsidiaries and affiliates of Wm. Wrigley Jr. Company that adopt
the Plan (collectively referred to as the Company or Employer).
Employees are generally eligible to participate in the Plan after
one year's service. Regular (after-tax) deposit and Company
matching accounts are maintained for each participant. Certain
participants have tax-deferred accounts and payroll-based
employee stock ownership (PAYSOP) accounts; however,
contributions to these accounts were eliminated effective January
1, 1989 and January 1, 1987, respectively. A participant's
account balances are adjusted at each monthly valuation date
for participant and Employer contributions, investment income,
and net appreciation (depreciation) in market value of
investments.
The Plan allows eligible employees to make contributions, usually
in the form of payroll deductions, generally up to 10% of base
salary. Subject to certain limitations, the Employer is required
to make matching contributions at 60% of most participants'
contributions (50% for certain Company executives) up to 6% of
base salary. The entire Employer contribution is invested in
Fund C.
<PAGE>
1. Description of the Plan (continued)
Participant and Employer contributions for the three years in the
period
ended December 31, 1993 were as follows:
<TABLE>
<CAPTION>
1993 1992 1991
Employer Participants Employer Participants Employer Participants
<S> <C> <C> <C> <C> <C> <C>
Wm. Wrigley Jr.
Company $2,537,796 $5,784,910 $2,429,173 $5,771,999 $2,337,504 $5,268,432
L. A. Dreyfus
Company 232,135 536,677 232,259 518,502 228,541 511,976
Amurol Products
Company 235,228 497,650 202,060 428,255 179,745 366,295
Northwestern
Flavors, Inc. 18,888 42,208 20,091 46,125 19,104 44,940
----------------------------------------------------------------------
$3,024,047 $6,861,445 $2,883,583 $6,764,881 $2,764,894 $6,191,643
======================================================================
</TABLE>
The Northern Trust Company, as Trustee under the Special
Investment and Savings Plan Trust for Wrigley Employees (Trust),
dated January 12, 1977, and revised as of June 19, 1987, directs
the purchases and sales of investments for all funds, within the
limits prescribed in the Plan. Contributions and earnings
awaiting investment under the specified investment programs are
temporarily placed in the Trust's collective trust short-term
investment fund at The Northern Trust Company.
Loans
The Plan contains provisions that allow loans to participants,
subject to certain restrictions. The maximum aggregate amount
that will be loaned to any participant will generally be the
lesser of $50,000 or 50% of the vested portion of the
participant's Employer matching contribution account,
plus the value of the participant's tax-deferred and regular
deposit accounts. These loans, which have a maximum term of five
years (ten years if used to acquire a participant's principal
residence), are to be repaid through monthly payroll
withholdings. The Plan was amended during 1990 to
provide that the interest rate charged for loans shall be 1%
below the prime interest rate quoted by the Northern Trust
Company of Chicago, Illinois, on the first business day of each
year.
<PAGE>
1. Description of the Plan (continued)
Investment Programs
Investment programs available and the number of participants in
each, as of
December 31, 1993 and 1992, were as follows:
<TABLE>
<CAPTION>
Number of Participants
1993 1992
<S> <C> <C>
100% in Fund A, which is intended to protect
principal and produce income and which
consists of contracts with insurance
companies as the Committee may direct or
such bonds, notes, debentures, or mortgages 1,291 1,450
as the Trustee may deem advisable
100% in Fund B, which is intended to provide
long-term capital growth and which consists
of investments in mutual funds registered as
regulated investment companies as the
Committee may direct or in such common
stocks or other property as the Trustee may 41 44
deem advisable
100% in Fund C, which invests in Wm. Wrigley
Jr. Company Common Stock and Class B Common
Stock, although no participant or Employer
matching contributions may be used to
purchase additional shares of Class B Common 674 567
Stock
75% in Fund A and 25% in Fund C 131 138
50% in both Fund A and Fund C 371 325
50% in both Fund A and Fund B 53 51
Various and other multiples of 25% in Funds 575 550
A, B, and C
----- -----
3,136 3,125
===== =====
</TABLE>
Participants may change their investment direction once during a
12-month period as of the first day of any valuation period with
respect to participant contributions that are made subsequent to
the date of change. In addition, a participant may elect to
transfer, once during a 12-month period as of the first day of
any valuation period, the then-existing account balances in any
investment fund or funds, in specified multiples of 25% to any
one or more of the funds. These changes in investment direction
may be effected by giving written notice to the Committee at
least seven days prior to the effective date of a change.
<PAGE>
1. Description of the Plan (continued)
Vesting
A participant's portion of the Employer matching contributions,
investment income, and realized and unrealized gains and losses
on investments is fully vested after four years of participation
in the Plan (at the rate of 25% for each year), upon death, or
upon termination of employment, if the participant (i) retires
upon reaching age 55, with at least five years of service, (ii)
is permanently disabled, or (iii) enters the Armed Forces of the
United States. A participant is always fully vested in his tax-
deferred, regular deposit, and PAYSOP accounts.
Withdrawals
A participant may make a withdrawal from the Plan once during a
three-month period as of any valuation date. The participant may
withdraw the amounts in his regular deposit account and, under
certain circumstances, the vested portion of his Employer
matching contribution account and his participant's tax-deferred
account. Once a participant makes a withdrawal, contributions
will not be matched for a three-month period.
Distributions to Participants
Participation in the Plan terminates upon death, retirement, or
other termination of employment with the Company. A participant
may generally receive distribution of his vested interest in the
Plan in a lump-sum distribution, an annuity purchased by the
Plan, or a combination thereof.
Charges and Deductions
When a distribution of a participant's interest in the Plan
results in forfeiture of the nonvested portion of the
participant's account, the amount so forfeited reduces the amount
of the Employer's matching contribution required to be made on
behalf of other participants in the following valuation period.
It is the intent of the Company to continue to pay the
administrative expenses of the Plan, but if the Company fails to
make the payments or so directs the Trustee, there may be a
charge against the Trust for these expenses.
<PAGE>
1. Description of the Plan (continued)
Plan Termination
Although the Company has not expressed any intent to terminate
the Plan, it is free to do so at any time. In the event the Plan
is terminated, participants will automatically become fully
vested.
2. Principal Accounting Policies
The Statement of Net Assets Available for Plan Benefits for 1992
and the Statements of Changes in Net Assets Available for Plan
Benefits for 1992 and 1991 have been restated for comparative
purposes. Amounts due to terminating and withdrawing
participants at December 31 are shown as net assets available for
plan benefits rather than as a liability of the Plan in
accordance with new AICPA requirements.
Investment Valuation
The Plan's investments in the Aetna Growth and Income Equity
Account (Separate Account 83), which invests primarily in common
stocks, and Wm. Wrigley Jr. Company Common Stock are carried at
fair value, based upon the net asset value and the quoted closing
price on the New York Stock Exchange, respectively. There is no
established public trading market for the Wm. Wrigley Jr. Company
Class B Common Stock. However, because the Class B Common Stock
is at all times convertible into Common Stock on a
share-for-share basis, the market value of such shares is
considered to be equivalent to that of the Company's Common
Stock.
On August 19, 1992, the Board of Directors for the Wm. Wrigley
Jr. Company declared a 3-for-1 stock split on its Common Stock
and Class B Common Stock to stockholders of record at the close
of business on September 1, 1992. The shares were distributed on
September 15, 1992. All share and per share amounts have been
restated to reflect the split.
On February 19, 1992, the Savings Plan Committee resolved to
transfer Fund A assets from the Aetna Life and Casualty Company
plan accumulation contract to the Aetna Interest Accumulation
Fund (Separate Account 256). The transfer of Fund A assets was
made on February 21, 1992.
<PAGE>
2. Principal Accounting Policies (continued)
Investments in the Aetna Interest Accumulation Fund (Separate
Account 256), which invests primarily in government securities,
are carried at market. Investments in The Northern Trust Company
Collective Trust Short-Term Investment Fund are carried at cost,
which is equivalent to market.
Contributions
Contributions from participants are recognized when withheld by
the Company through payroll deductions.
Matching contributions from the Employer are recognized
concurrently with the recognition of participants' contributions.
Security Transactions
Purchases and sales of securities are accounted for on the trade
date. Gains and losses on sales or withdrawals of securities are
based on the average cost of the securities.
Dividend income is recorded on the ex-dividend date. Income from
other investments is recorded as earned on the accrual basis.
<PAGE>
3. Investments
The components of net appreciation (depreciation) in market value
of investments for the three years in the period ended December
31, 1993, are as follows:
<TABLE>
<CAPTION>
Fund A Fund B Fund C
1993 1992 1993 1992 1991 1993 1992 1991
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Proceeds from
sale of
investments or
withdrawals of $ - $7,421,415 $ 514,818 $728,385 $620,050 $8,262,577 $3,663,943 $3,039,772
stock
Cost of - 6,756,867 283,800 684,768 546,831 784,983 399,182 426,287
securities
------------------------------------------------------------------------------------------------
Realized gain - 664,548 231,018 43,617 73,219 7,477,594 3,264,761 2,613,485
Change in
unrealized
appreciation
(depreciation)
on investments 200,663 231,747 (298,507) 29,584 581,165 53,373,255 26,862,499 51,059,534
------------------------------------------------------------------------------------------------
Net realized and
unrealized
appreciation
(depreciation)
in market value $200,663 $ 896,295 $(67,489) $ 73,201 $654,384 $60,850,849 $30,127,260 $53,673,019
================================================================================================
</TABLE>
There were no realized or unrealized gains or losses on
investments held in Fund A during 1991.
Unrealized appreciation on investments held at December 31, 1993,
1992, and 1991, totaled $213,053,920, $159,773,510, and
$131,985,134, respectively. The per share market value of Wm.
Wrigley Jr. Company Common Stock at December 31, 1993 and 1992,
is as follows:
<TABLE>
<CAPTION>
1993 1992
<S> <C> <C>
Wm. Wrigley Jr. Company Common Stock $44.125 $32.625
</TABLE>
<PAGE>
4. Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for
plan benefits per the financial statements to the Form 5500:
<TABLE>
<CAPTION>
December 31
1993 1992
<S> <C> <C>
Net assets available for plan benefits per the
financial statements $279,828,773 $223,336,991
Amounts allocated to withdrawing participants (5,444,082) (3,808,766)
---------------------------
Net assets available for plan benefits per the
Form 5500 $274,384,691 $219,528,225
===========================
</TABLE>
Amounts allocated to withdrawing participants by fund option is
as follows:
<TABLE>
<CAPTION>
December 31
1993 1992
<S> <C> <C>
Fund A $1,329,165 $ 958,574
Fund B 26,195 85,411
Fund C 4,088,722 2,764,781
------------------------
$5,444,082 $3,808,766
========================
</TABLE>
The following is a reconciliation of benefits paid to
participants per the financial statements to the Form 5500:
<TABLE>
<CAPTION>
Year ended
December 31
1993
<S> <C>
Benefits paid to participants per the financial statements $21,310,804
Add: Amounts allocated to withdrawing participants at
December 31, 1993 5,444,082
Less: Amounts allocated to withdrawing participants at
December 31, 1992 (3,808,766)
-----------
Benefits paid to participants per the Form 5500 $22,946,120
===========
</TABLE>
5. Federal Income Tax Status
The Company has received a determination letter from the Internal
Revenue Service stating that the Plan, as amended through 1985,
qualifies under section 401(a) of the Internal Revenue Code (the
Code) and that the Trust established thereunder is exempt from
federal income taxation under section 501(a) of the Code. The
Company believes that the Plan, as amended through 1993, complies
with the requirements for continuing qualification of the Plan.
<PAGE>
5. Federal Income Tax Status (continued)
Employer contributions under the Plan and earnings of the Trust
are not taxable to the participant until the year in which such
amounts are distributed. Generally, whenever a participant
receives any amount other than an amount attributable to his
regular deposit account contributions, such amount is taxable as
ordinary income in the year of distribution. When a participant
receives a lump-sum distribution, certain beneficial
rules may apply to reduce or eliminate the tax on such
distribution. These benefits include special averaging
techniques and rollovers to another qualified employee retirement
plan or to an individual retirement account or annuity.
The unrealized appreciation on Wm. Wrigley Jr. Company Common
Stock
distributed in a lump-sum distribution, or attributable to a
participant's regular deposit account contributions in any other
distribution, will not be subject to federal income tax at the
time of distribution but will, to the extent realized, be taxable
upon disposition of such shares.
6. Subsequent Event
Subsequent to December 31, 1993, the Company transferred all
investment management, trustee and participant record keeping
responsibilities to Putnam Investments.
<PAGE>
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration
Statement (Form S-8, File No. 33-15061) pertaining to the Special
Investment and Savings Plan for Wrigley Employees of Wm. Wrigley
Jr. Company and in the related Prospectus of our report dated
March 4, 1994, with respect to the financial statements of the
Special Investment and Savings Plan for Wrigley Employees
included in this Annual Report (Form 11-K) for the year ended
December 31, 1993.
ERNST & YOUNG
Chicago, Illinois
April 18, 1994
