<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, 1995
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,
Secretary, and Assistant to the
President, Wm. Wrigley Jr. Company
Date: June 27, 1996
<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, 1995 and
1994, 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, 1995. 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 benefits of the Plan at December 31, 1995 and
1994, and the changes in its net assets available for plan
benefits for each of the three years in the period ended
December 31, 1995, in conformity with generally accepted
accounting principles.
Our audits were performed for the purpose of forming an opinion
on the basic financial statements taken as a whole. The
accompanying supplemental schedules of assets held for
investment purposes as of December 31, 1995, and reportable
transactions for the year then ended are presented for purposes
of complying with the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974 and are not a required
part of the basic financial statements. The Fund Information
in the statements of net assets available for plan benefits and
the statements of changes in net assets available for plan
benefits is presented for purposes of additional analysis rather
than to present the net assets available for plan benefits and
changes in net assets available for plan benefits of each fund.
ERNST & YOUNG LLP
Chicago, Illinois
June 7, 1996
<PAGE>
<TABLE>
Special Investment and Savings
Plan
for Wrigley Employees
Statement of Net Assets
Available for Plan Benefits,
With Fund Information
December 31, 1995
<CAPTION>
Fund Information
Putnam Putnam Putnam
Stable Growth & Putnam Global Wrigley
Value Income Vista Growth Stock
Total Fund Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C> <C>
Assets
Investments, at fair value:
Shares of registered investment
companies:
Putnam Stable Value Fund $ 31,226,750 $31,226,750 $ - $ $ $ -
Putnam Growth & Income Fund 10,100,009 - 10,100,009 - - -
Putnam Vista Fund 7,158,609 - - 7,158,609 - -
Putnam Global Growth Fund 3,479,957 - - - 3,479,957 -
Wrigley Stock Fund:
Wm. Wrigley Jr. Company Common Stock
(4,134,512 shares; cost - $48,739,412) 217,062,194 - - - - 217,062,194
Wm. Wrigley Jr. Company Class B Common
Stock (875,817 shares;
cost - $2,092,903) 45,980,393 - - - - 45,980,393
Invested cash 1,610 - - - - 1,610
------------ ----------- ----------- ---------- ---------- ------------
Total investments 315,009,522 31,226,750 10,100,009 7,158,609 3,479,957 263,044,197
Receivables:
Participants' loans 5,617,711 1,205,942 232,378 98,705 86,619 3,994,067
------------ ----------- ----------- ---------- ---------- ------------
Total receivables 5,617,711 1,205,942 232,378 98,705 86,619 3,944,067
------------ ----------- ----------- ---------- ---------- ------------
Net assets available for plan benefits $320,627,233 $32,432,692 $10,332,387 $7,257,314 $3,566,576 $267,038,264
============ =========== =========== ========== ========== ============
Net assets available for plan benefits:
Participants' contributions including
earnings $128,599,235 $32,432,692 $10,332,387 $7,257,314 $3,566,576 $ 75,010,266
Employer's contributions including
earnings 192,027,998 - - - - 192,027,998
------------ ----------- ----------- ---------- ---------- ------------
Net assets available for plan benefits $320,627,233 $32,432,692 $10,332,387 $7,257,314 $3,566,576 $267,038,264
============ =========== =========== ========== ========== ============
</TABLE>
See notes to financial statements.
<PAGE>
<TABLE>
Special Investment and Savings
Plan
for Wrigley Employees
Statement of Net Assets
Available for Plan Benefits,
With Fund Information
December 31, 1994
<CAPTION>
Fund Information
Putnam Putnam Putnam
Stable Growth & Putnam Global Wrigley
Value Income Vista Growth Stock
Total Fund Fund Fund Fund Fund
<S>
Assets <C> <C> <C> <C> <C> <C>
Investments, at fair value:
Shares of registered investment
companies:
Putnam Stable Value Fund $ 25,660,621 $25,660,621 $ - $ - $ - $ -
Putnam Growth & Income Fund 6,019,413 - 6,019,413 - - -
Putnam Vista Fund 3,410,125 - - 3,410,125 - -
Putnam Global Growth Fund 2,742,982 - - - 2,742,982 -
Wrigley Stock Fund:
Wm. Wrigley Jr. Company Common Stock
(4,324,882 shares; cost - $38,520,466)
213,541,059 - - - - 213,541,059
Wm. Wrigley Jr. Company Class B Common
Stock (969,112 shares;
cost - $2,315,926) 47,849,905 - - - - 47,849,905
Invested cash 8,903 - - - - 8,903
------------ ----------- ---------- ---------- --------- ------------
Total investments 299,233,008 25,660,621 6,019,413 3,410,125 2,742,982 261,399,867
Receivables:
Participants' contributions 239,149 70,322 19,023 11,775 12,415 125,614
Employer's contributions 83,102 - - - - 83,102
Participants' loans 4,780,585 1,097,998 193,284 105,653 77,318 3,306,332
Dividends receivable 2,347,879 - - - - 2,347,879
------------ ----------- ---------- ---------- ---------- ------------
Total receivables 7,450,715 1,168,320 212,307 117,428 89,733 5,862,927
------------ ----------- ---------- ---------- ---------- ------------
Net assets available for plan benefits $306,683,723 $26,828,941 $6,231,720 $3,527,553 $2,832,715 $267,262,794
============ =========== ========== ========== ========== ============
Net assets available for plan benefits:
Participants' contributions including
earnings $113,322,696 $26,828,941 $6,231,720 $3,527,553 $2,832,715 $ 73,901,767
Employer's contributions including
earnings 193,361,027 - - - - 193,361,027
------------ ----------- ---------- ---------- ---------- ------------
Net assets available for plan benefits $306,683,723 $26,828,941 $6,231,720 $3,527,553 $2,832,715 $267,262,794
============ =========== ========== ========== ========== ============
</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,
With Fund Information
Year ended December 31, 1995
<CAPTION>
Fund Information
Putnam Putnam Putnam
Stable Growth & Putnam Global Wrigley
Value Income Vista Growth Stock
Total Fund Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C> <C>
Additions
Investment income:
Dividends:
Putnam mutual funds $ 3,131,822 $ 1,724,192 $ 624,622 $ 593,832 $ 189,176 $ -
Wm. Wrigley Jr. Company Common Stock 4,035,926 - - - - 4,035,926
Wm. Wrigley Jr. Company Class B Common
Stock 883,882 - - - - 883,882
------------ ----------- ----------- ---------- ---------- -----------
8,051,630 1,724,192 624,622 593,832 189,176 4,919,808
Interest:
Invested cash 16,825 328 - - - 16,497
Participants' loans 309,655 34,376 13,595 8,191 9,979 243,514
------------ ----------- ----------- ---------- ---------- -----------
326,480 34,704 13,595 8,191 9,979 260,011
------------ ----------- ----------- ---------- ---------- -----------
Total investment income 8,378,110 1,758,896 638,217 602,023 199,155 5,179,819
Net realized and unrealized appreciation
in fair value of investments 17,560,277 - 1,741,391 937,188 246,166 14,635,532
Contributions:
Participants 9,179,306 2,230,451 912,262 592,868 546,611 4,897,114
Employer 3,288,564 - - - - 3,288,564
------------ ----------- ----------- ---------- ---------- -----------
Total contributions 12,467,870 2,230,451 912,262 592,868 546,611 8,185,678
Deductions
Distributions to participants (24,449,708) (5,317,673) (496,261) (233,203) (546,532) (17,856,039)
Forfeitures, allocable to future employer
contributions (13,039) - - - - (13,039)
Transfers of investment direction - 6,932,077 1,305,058 1,830,885 288,461 (10,356,481)
------------ ----------- ----------- ---------- ---------- ------------
Increase (decrease) in net assets
available for plan benefits 13,943,510 5,603,751 4,100,667 3,729,761 733,861 (224,530)
Net assets available for plan benefits at
beginning of year 306,683,723 26,828,941 6,231,720 3,527,553 2,832,715 267,262,794
------------ ----------- ----------- ---------- ---------- ------------
Net assets available for plan benefits at
end of year $320,627,233 $32,432,692 $10,332,387 $7,257,314 $3,566,576 $267,038,264
============ =========== =========== ========== ========== ============
</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,
With Fund Information
Year ended December 31, 1994
<CAPTION>
Fund Information
Putnam Putnam Putnam
Stable Growth & Putnam Global Wrigley
Value Income Vista Growth Stock
Total Fund Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C> <C>
Additions
Investment income:
Dividends:
Putnam mutual funds $ 1,700,762 $ 1,220,654 $ 365,409 $ 25,615 $ 89,084 $ -
Wm. Wrigley Jr. Company Common Stock 3,858,123 - - - - 3,858,123
Wm. Wrigley Jr. Company Class B Common
Stock 892,789 - - - - 892,789
------------ ----------- ---------- ---------- ---------- ------------
6,451,674 1,220,654 365,409 25,615 89,084 4,750,912
Interest:
Invested cash 160,588 57,659 13,268 6,258 5,302 78,101
Participants' loans 254,269 32,126 12,327 8,079 7,576 194,161
------------ ----------- ---------- ---------- ---------- ------------
414,857 89,785 25,595 14,337 12,878 272,262
------------ ----------- ---------- ---------- ---------- ------------
Total investment income 6,866,531 1,310,439 391,004 39,952 101,962 5,023,174
Net realized and unrealized appreciation
(depreciation) in fair value of 27,232,054 - (499,133) (187,371) (182,069) 28,100,627
investments
Contributions:
Participants 9,594,851 2,452,008 906,964 562,117 587,720 5,086,042
Employer 3,492,717 - - - - 3,492,717
------------ ----------- ---------- ---------- ---------- ------------
Total contributions 13,087,568 2,452,008 906,964 562,117 587,720 8,578,759
Deductions
Distributions to participants (20,283,370) (4,695,325) (341,593) (219,749) (170,866) (14,855,837)
Forfeitures, allocable to future employer
contributions (47,833) - - - - (47,833)
Transfers of investment direction - 1,172,662 189,296 458,621 63,752 (1,884,331)
------------ ----------- ---------- ---------- ---------- -----------
Increase in net assets available for plan
benefits 26,854,950 239,784 646,538 653,570 400,499 24,914,559
Net assets available for plan benefits at
beginning of year:
Included in current funds 234,787,988 - - - - 234,787,988
Transferred from prior funds 45,040,785 26,589,157 5,585,182 2,873,983 2,432,216 7,560,247
------------ ----------- ---------- ---------- ---------- ------------
Net assets available for plan benefits at
beginning of year 279,828,773 26,589,157 5,585,182 2,873,983 2,432,216 242,348,235
------------ ----------- ---------- ---------- ---------- ------------
Net assets available for plan benefits at
end of year $306,683,723 $26,828,941 $6,231,720 $3,527,553 $2,832,715 $267,262,794
============ =========== ========== ========== ========== ============
</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,
With Fund Information
Year ended December 31, 1993
<CAPTION>
Fund Information
Total Fund A Fund B Fund C
<S> <C> <C> <C> <C>
Additions
Investment income:
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 fair value of
investements 60,984,023 200,663 (67,489) 60,850,849
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
Deductions
Distributions to 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>
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, 1995, 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.
On July 22, 1993, the Savings Plan Committee (Committee)
resolved to transfer Fund A and Fund B assets from the
Aetna Interest Accumulation Fund (Separate Account 256),
Aetna Growth and Income Equity Account (Separate Account
83), and The Northern Trust Company Collective Short-Term
Investment Fund to the Putnam Stable Value Fund, Putnam
Growth & Income Fund, Putnam Vista Fund, and Putnam Global
Growth Fund effective January 1, 1994, to provide
participants with more investment options. Also effective
January 1, 1994, Fund C was renamed the Wrigley Stock
Fund but otherwise is unchanged.
In the Statement of Changes in Net Assets Available for
Plan Benefits for the year ended December 31, 1994, net
assets available for plan benefits at the beginning of
the year has been determined by reallocating Fund A
and Fund B assets at the end of 1993 to the various Funds as
elected by participants.
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. After-tax and/or 401(k) accounts and Company
matching accounts are maintained for each participant.
Certain participants also have, as a part of the plan,
fully-vested, payroll-based employee stock ownership
(PAYSOP) accounts. However, effective December 31, 1994,
the PAYSOP accounts have been discontinued and merged with
the Company matching account. A participant's account
balances are valued daily for participant and Employer
contributions, investment income, and net
appreciation (depreciation) in fair value of investments.
<PAGE>
1. Description of the Plan (continued)
The Plan allows eligible employees to make contributions,
usually in the form of payroll deductions, generally up to
15% 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 the Wrigley Stock
Fund.
Participant and Employer contributions for the three years in
the period ended December 31, 1995, were as follows:
<TABLE>
<CAPTION>
1995 1994 1993
Employer Participants Employer Participants Employer Participants
<S> <C> <C> <C> <C> <C> <C>
Wm. Wrigley Jr. Company $2,729,004 $7,715,307 $2,914,588 $8,119,087 $2,537,796 $5,784,910
L. A. Dreyfus Company 239,145 629,980 261,893 685,557 232,135 536,677
Amurol Products Company 294,246 766,525 292,027 731,936 235,228 497,650
Northwestern Flavors, Inc. 26,169 67,494 24,209 58,271 18,888 42,208
---------- ---------- ---------- ---------- ---------- ----------
$3,288,564 $9,179,306 $3,492,717 $9,594,851 $3,024,047 $6,861,445
========== ========== ========== ========== ========== ==========
</TABLE>
The Putnam Fiduciary Trust Company, as Trustee under the
Special Investment and Savings Plan Trust for Wrigley Employees
(Trust), dated January 12, 1977, and amended and restated as
of January 1, 1994, 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 short-term investment fund at Putnam
Fiduciary 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 payroll withholdings. Loans
shall bear a reasonable rate of interest, established
annually by the Committee, generally equal to, for any Plan
year, the prime interest rate minus 1%.
<PAGE>
1. Description of the Plan (continued)
Investment Options and Transfers
Upon enrollment in the Plan, a participant may direct
employee contributions in 5% increments in any of five investment
options.
Putnam Stable Value Fund - Funds are invested in shares of
a registered investment company that seeks low-risk fixed
income investments in annuity contracts, certificates of
deposit, and U.S. Treasury and government agency
obligations.
Putnam Growth and Income Fund - Funds are invested in shares
of a registered investment company that seeks capital
growth and current income through investments in common
stocks, corporate bonds, and U.S. government securities.
Putnam Vista Fund - Funds are invested in shares of a
registered investment company that seeks capital
appreciation through investments in growth and value
common stocks.
Putnam Global Growth Fund - Funds are invested in shares
of a registered investment company that seeks capital
appreciation through investments in a globally diversified
portfolio of common stocks.
Wrigley Stock Fund - Funds are invested in Wm. Wrigley Jr.
Company Common Stock.
Participants may change their investment direction once per
calendar quarter, on any day, in 5% increments. In addition,
participants may elect to transfer their account balance in any
investment fund or funds once per calendar quarter, on any day,
in 1% increments to any other investment fund or funds. After
reaching age 54, participants may make a one-time election to
diversify their Company contribution account into any other
investment fund or funds. Changes in investment direction or
transfers can be made by calling Putnam directly or by
written authorization.
Vesting
A participant's portion of the Employer matching contributions,
including investment income and realized and unrealized gains and
losses on investments, is fully vested after
<PAGE>
1. Description of the Plan (continued)
four years of participation in the Plan (at the rate of 25%
for each year). A participant becomes fully vested after one
of the following events; death or termination of
employment if the participant: (i) retires after reaching
age 55, with at least five years of service, (ii) is permanently
disabled, or (iii) enters the Armed Forces of the United
States. Participants are always fully vested in their tax-
deferred and regular deposit accounts.
Withdrawals
Participants may make a withdrawal from the Plan once during a
calendar quarter on any day. Participants may withdraw the
amount in their regular deposit account and, under certain
circumstances, the vested portion of their Employer matching
contribution account and 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. Participants
may generally receive distributions of their vested interest in
the Plan in a lump-sum distribution, an annuity, 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 on subsequent employer
deposits.
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.
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.
<PAGE>
2. Principal Accounting Policies
Investment Valuation
The Plan's investments are stated at fair value. The
shares of registered investment companies are valued at quoted
market prices which represent the net asset value of shares held
by the Plan at year-end. The Wm. Wrigley Jr. Company Common
Stock is valued at its quoted market price on the New York
Stock Exchange. 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. Participant notes
receivable are valued at cost which approximates fair
value.
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.
Income Recognition
Dividend income is recorded on the ex-dividend date. Income from
other investments is recorded as earned on the accrual basis.
Use of Estimates
The preparation of financial statements on a comprehensive
basis of accounting requires management to make estimates and
assumptions that affect the amounts reported in financial
statements and accompanying notes. Actual results could differ
from those estimates.
<PAGE>
3. Investments
The components of net realized and unrealized
appreciation (depreciation) in fair value of investments
(including investments bought, sold, and held) for the two
years in the period ended December 31, 1995, are as follows:
<TABLE>
<CAPTION>
Putnam Putnam Putnam
Stable Growth & Income Putnam Global Wrigley
Value Fund Vista Growth Stock
Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C>
1995:
Proceeds from sale of investments or
withdrawals of stock $ - $1,772,554 $ 408,538 $ 916,540 $31,742,550
Cost of securities - 1,659,646 370,732 909,754 11,367,080
--- ---------- --------- --------- -----------
Realized gain (loss) - 112,908 37,806 6,786 20,375,470
Change in unrealized appreciation
(depreciation) on investments - 1,628,483 899,382 239,380 (5,739,938)
--- ---------- --------- --------- -----------
Net realized and unrealized
appreciation (depreciation) in
market value $ - $1,741,391 $ 937,188 $ 246,166 $14,635,532
=== ========== ========= ========= ===========
1994:
Proceeds from sale of investments or
withdrawals of stock $ - $ 761,505 $ 453,691 $ 326,894 $18,010,751
Cost of securities - 793,680 471,606 334,716 2,454,084
--- ---------- --------- --------- -----------
Realized gain (loss) - (32,175) (17,915) (7,822) 15,556,667
Change in unrealized appreciation
(depreciation) on investments - (466,958) (169,456) (174,247) 12,543,960
--- ---------- --------- --------- -----------
Net realized and unrealized
appreciation (depreciation) in
market value $ - $(499,133) $(187,371) $(182,069) $28,100,627
=== =========== ========== ========== ===========
</TABLE>
<PAGE>
3. Investments (continued)
The components of net realized and unrealized
appreciation (depreciation) in fair value of investments
(including investments bought, sold, and held) for the year
ended December 31, 1995, are as follows:
<TABLE>
<CAPTION>
Fund A Fund B Fund C
<S> <C> <C> <C>
Proceeds from sale of investments or
withdrawals of stock $ - $ 514,818 $ 8,262,577
Cost of securities - 283,800 784,983
-------- ---------- -----------
Realized gain - 231,018 7,477,594
Change in unrealized appreciation
(depreciation) on investments 200,663 (298,507) 53,373,255
-------- ---------- -----------
Net realized and unrealized appreciation
(depreciation) in market value $200,663 $ (67,489) $60,850,849
======== ========== ===========
</TABLE>
Unrealized appreciation on investments held at December 31, 1995,
1994, and 1993, totaled $214,175,871, $219,752,739, and
$213,053,920, respectively. The per share market value of Wm.
Wrigley Jr. Company Common Stock at December 31, 1995 and 1994,
is as follows:
<TABLE>
<CAPTION>
1995 1994
<S> <C> <C>
Wm. Wrigley Jr. Company Common Stock $52.500 $49.375
</TABLE>
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
1995 1994
<S> <C> <C>
Net assets available for plan
benefits per the financial $320,627,233 $306,683,723
statements
Amounts allocated to withdrawing (14,270,024) (6,851,354)
participants
------------ ------------
Net assets available for plan
benefits per the Form 5500 $306,357,209 $299,832,369
============ ============
</TABLE>
<PAGE>
4. Reconciliation of Financial Statements to Form 5500 (continued)
Amounts allocated to withdrawing participants by fund option are as
follows:
<TABLE>
<CAPTION>
December 31
1995 1994
<S> <C> <C>
Putnam Stable Value Fund $ 3,078,443 $ 551,202
Putnam Growth & Income Fund 1,006,416 83,739
Putnam Vista Fund 1,062,961 30,439
Putnam Global Growth Fund 157,991 36,315
Wm. Wrigley Jr. Company Common
Stock 8,964,213 6,149,659
----------- ----------
$14,270,024 $6,851,354
=========== ==========
</TABLE>
The following is a reconciliation of benefits paid to participants
per the financial statements to the Form 5500:
<TABLE>
<CAPTION>
Years ended December 31
1995 1994
<S> <C> <C>
Benefits paid to participants per
the financial statements $24,449,708 $20,283,370
Add: Amounts allocated to
withdrawing participants at 14,270,024 6,851,354
December 31, 1994
Less: Amounts allocated to
withdrawing participants at (6,851,354) (5,444,082)
December 31, 1993 -----------
-----------
Benefits paid to participants per
the Form 5500 $31,868,378 $21,690,642
=========== ===========
</TABLE>
5. Federal Income Tax Status
The Internal Revenue Service ruled July 18, 1995, that
the Plan qualified under section 401(a) of the Internal Revenue
Code (IRC) and, therefore, the related trust is not subject to
tax under present income tax law. Once qualified, the Plan is
required to operate in conformity with the IRC to maintain its
qualification. The Pension Administrative Committee is not aware
of any course of action or series of events that have occurred
that might adversely affect the Plan's qualified status.
<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.
<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
June 7, 1996, 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, 1995.
ERNST & YOUNG LLP
Chicago, Illinois
June 24, 1996
