[AMERENCIPS LOGO]
NOTICE OF ANNUAL MEETING OF
STOCKHOLDERS AND PROXY STATEMENT OF
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
Time: 9:00 A.M.
Tuesday
April 25, 2000
Place: Powell Symphony Hall
718 North Grand Boulevard
St. Louis, Missouri
IMPORTANT
Admission to the meeting will be by ticket only. If you plan to attend,
please check the appropriate box on the proxy. Persons without tickets will be
admitted to the meeting upon verification of their stockholdings in the Company.
Please vote, date, sign, and return the enclosed proxy in the accompanying
reply envelope even if you own only a few shares. If you attend the meeting and
want to change your proxy vote, you can do so by voting in person at the
meeting.
<PAGE>
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To the Stockholders of
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
We will hold the Annual Meeting of Stockholders of Central Illinois Public
Service Company at Powell Symphony Hall, 718 North Grand Boulevard, St. Louis,
Missouri, on Tuesday, April 25, 2000, at 9:00 A.M., for the purposes of
(1)electing directors of the Company for terms ending in April 2001; and
(2)acting on other proper business presented to the meeting.
If you owned shares of the Company's capital stock at the close of business
on March 6, 2000, you are entitled to vote at the meeting and at any adjournment
thereof.
To assure that your shares are represented at this meeting, please vote,
date, sign, and return the enclosed proxy in the enclosed envelope. The prompt
return of your proxy will reduce expenses.
By order of the President and the Board of Directors.
STEVEN R. SULLIVAN
Secretary
St. Louis, Missouri
March 30, 2000
<PAGE>
PROXY STATEMENT OF CENTRAL ILLINOIS
PUBLIC SERVICE COMPANY
(First sent or given to stockholders March 30, 2000)
Principal Executive Offices:
607 East Adams Street, Springfield, IL 62739
The enclosed proxy is solicited by the Board of Directors of Central
Illinois Public Service Company, d/b/a AmerenCIPS ("CIPS" or the "Company"), for
use at the Annual Meeting of Stockholders of the Company to be held on Tuesday,
April 25, 2000, and at any adjournment thereof.
As a result of a merger effective December 31, 1997 (the "Merger"), the
Company, Union Electric Company, d/b/a AmerenUE ("Union Electric"), and Ameren
Services Company are the principal subsidiaries of Ameren Corporation
("Ameren").
As information, the CIPS annual meeting will be held in conjunction with
the Ameren and Union Electric annual meetings.
VOTING
Only stockholders of record at the close of business on the Record Date,
March 6, 2000, are entitled to vote at the meeting. The voting securities of the
Company on such date consisted of 25,452,373 shares of Common Stock, all of
which were owned by Ameren, and 800,000 shares of Cumulative Preferred Stock of
various series. In order to conduct the meeting, a majority of the outstanding
shares entitled to vote must be represented. Each stockholder is entitled to one
vote, for each share of stock of the Company (whether common or preferred) held,
on each matter submitted to a vote at the meeting, except that in the election
of directors, each stockholder is entitled to vote cumulatively and therefore
may give one nominee votes equal to the number of directors to be elected,
multiplied by the number of shares held by such stockholder, or such votes may
be distributed among any two or more nominees. The proxies seek discretionary
authority to cast cumulative votes in the election of directors.
A proxy can be revoked by delivering either a written revocation or a
signed proxy bearing a later date to the Secretary of the Company or by voting
in person at the meeting.
Returned proxies which are properly marked and signed will be voted as
directed. If you sign the proxy but do not make specific
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choices, your shares will be voted as recommended by the Board - FOR the Board's
nominees for Director. On any other matters, the named proxies will use their
discretion.
In determining whether a quorum is present at the meeting, shares
registered in the name of a broker or other nominee, which are voted on any
matter, will be included. In tabulating the number of votes cast, withheld
votes, abstentions, and non-votes by banks and brokers are not included.
Holders of depositary shares ("Depositary Shares") representing one-quarter
of one share of 6.625% Cumulative Preferred Stock of the Company will receive a
form of proxy so that they may instruct Ameren Services Company, as depository
agent, as to the manner of voting such Depositary Shares. The depository agent
will vote whole shares of 6.625% Cumulative Preferred Stock based on those
instructions from holders of Depositary Shares.
The Board of Directors has adopted a confidential voting policy for
proxies.
ITEMS TO BE CONSIDERED
Item (1): Election of Directors
Five directors are to be elected to serve until the next annual meeting of
stockholders and until their successors are elected and qualified. The nominees
designated by the Board of Directors, all of whom are executive officers of the
Company or its affiliates, are listed below with information about their
principal occupations and backgrounds.
PAUL A. AGATHEN
Senior Vice President of Ameren Services Company. Mr. Agathen was employed by
Union Electric in 1975 as an attorney. He was named General Attorney of Union
Electric in 1982, Vice President, Environmental and Safety in 1994 and Senior
Vice President in 1996. He was elected to his present position at Ameren
Services Company upon the Merger. Director of the Company since 1997. Other
directorships: Union Electric (since 1998). Age: 52.
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WARNER L. BAXTER
Vice President and Controller of the Company and Vice President and Controller
of Ameren, Union Electric and Ameren Services Company. From 1983 to 1995, Mr.
Baxter was employed by Price Waterhouse (now PricewaterhouseCoopers LLP). Mr.
Baxter joined Union Electric in 1995 as Assistant Controller. He was promoted to
Controller of Union Electric in 1996 and was elected Vice President and
Controller of Union Electric, Ameren and Ameren Services Company in 1998. He was
elected Vice President and Controller of the Company in 1999. Other
directorships: Union Electric (since 1999). Age: 38.
DONALD E. BRANDT
Senior Vice President - Finance of Ameren and Senior Vice President - Finance
and Corporate Services of Union Electric and Ameren Services Company. Mr. Brandt
worked for Price Waterhouse (now PricewaterhouseCoopers LLP) from 1975 until his
appointment as Controller of Union Electric in 1983. He was elected Vice
President of Union Electric in 1985 and Senior Vice President in 1988. He was
elected to his present positions at Ameren and Ameren Services Company upon the
Merger. Director of the Company since 1997. Other directorships: Union Electric
(since 1998); Huntco, Inc.; Mercantile Mutual Funds, Inc. Age: 45.
CHARLES W. MUELLER
Chairman, President and Chief Executive Officer of Ameren and President and
Chief Executive Officer of Union Electric and Ameren Services Company. Mr.
Mueller began his career with Union Electric in 1961 as an engineer. He was
named Treasurer in 1978, Vice President-Finance in 1983, Senior Vice
President-Administrative Services in 1988, President in 1993 and Chief Executive
Officer in 1994. Mr. Mueller was elected Chairman of Ameren and President and
Chief Executive Officer of Ameren and Ameren Services Company upon the Merger.
Director of the Company since 1997. Mr. Mueller is Deputy Chairman of the
Federal Reserve Bank of St. Louis. Other directorships: Ameren (since 1997);
Union Electric (since 1993); Angelica Corporation. Age: 61.
GARY L. RAINWATER
President and Chief Executive Officer of the Company. Mr. Rainwater was elected
Executive Vice President of the Company in January 1997 and was named to his
present position in December 1997. Before joining the Company he worked for
Union Electric for 17 years, beginning his career in 1979 as an engineer. He was
named General
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Manager-Corporate Planning in 1988 and Vice President in 1993. Director of the
Company since 1997. Other directorships: Union Electric (since 1998). Age: 53.
The five nominees for director who receive the most votes will be elected.
The Board of Directors knows of no reason why any nominee will not be able
to serve as a director. If, at the time of the Annual Meeting, any nominee is
unable or declines to serve, the proxies may be voted for a substitute nominee
approved by the Board.
During 1999, the Board of Directors met five times. All nominees attended
all of the meetings of the Board for which they were eligible.
Age Policy - Directors who attain age 72 prior to the date of an annual
meeting cannot be designated as a nominee for election at such meeting. In
addition, the eligibility of former employees, except for one who has been
elected Chief Executive Officer of Ameren, Union Electric or CIPS is limited to
the date upon which they retire, resign or otherwise sever active employment
with the respective company.
Board Committees - The Board of Directors has an Executive Committee which
has such duties as may be delegated to it from time to time by the Board. The
members of the Executive Committee are Messrs. Brandt, Mueller and Rainwater.
The Executive Committee did not meet in 1999.
The Board does not have any standing committees other than the Executive
Committee. The Board committees of the Company's parent, Ameren, perform
committee functions for the Company's Board.
Directors' Compensation - All nominees for director are executive officers
of Ameren or its subsidiaries, and they do not receive compensation for their
services as a director.
Item (2): Other Matters
The Board of Directors does not know of any matters, other than the
election of directors, which may be presented to the meeting.
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SECURITY OWNERSHIP
Securities of the Company
All of the outstanding shares of the Company's Common Stock are owned by
Ameren. Of the 800,000 shares of the Company's outstanding Cumulative Preferred
Stock, an aggregate of eight shares were owned by all directors and executive
officers of the Company as a group as of February 1, 2000.
Securities of Ameren
<TABLE>
<CAPTION>
Shares of Common Stock
of Ameren
Beneficially Owned<F1><F2>
Name as of February 1, 2000
<S> <C>
Paul A. Agathen 15,043
Warner L. Baxter 4,319
Donald E. Brandt 14,580
Gilbert W. Moorman 1,223
Charles W. Mueller 45,054
Gary L. Rainwater 4,416
Steven R. Sullivan 426
Thomas R. Voss 3,926
All Directors and executive officers as a group 105,059
<FN>
<F1> Includes shares held jointly. Also includes shares issuable within 60 days
upon the exercise of stock options as follows: Mr. Agathen, 10,575; Mr.
Baxter, 4,175; Mr. Brandt, 13,200; Mr. Mueller, 36,175; and Mr. Voss,
1,683. Reported shares include those for which a director, nominee for
director or executive officer has voting or investment power because of
joint or fiduciary ownership of the shares or a relationship with the
record owner, most commonly a spouse, even if such nominee or executive
officer does not claim beneficial ownership.
<F2> Shares beneficially owned by all directors, nominees for director and
executive officers in the aggregate do not exceed one percent of any class
of equity securities outstanding.
</FN>
</TABLE>
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EXECUTIVE COMPENSATION
Ameren Corporation Human Resources Committee Report on Executive Compensation
Ameren Corporation and its subsidiaries' (collectively referred to as
"Ameren") goal for executive compensation is to approximate the median of the
range of compensation paid by similar companies. Accordingly, the Human
Resources Committee of the Board of Directors of Ameren Corporation, which is
comprised entirely of non-employee directors, makes annual reviews of the
compensation paid to the executive officers of Ameren. The Committee's
compensation decisions with respect to the five highest paid officers of Ameren
Corporation and its principal subsidiaries are subject to approval by such
company's Board of Directors. Following the annual reviews, the Committee
authorizes appropriate changes as determined by the three basic components of
the executive compensation program, which are:
o Base salary,
o A performance-based short-term incentive plan, and
o Long-term stock-based awards.
First, in evaluating and setting base salaries for executive officers,
including the Chief Executive Officers of Ameren Corporation and its
subsidiaries, the Committee considers: individual responsibilities, including
changes which may have occurred since the prior review; individual performance
in fulfilling responsibilities, including the degree of competence and
initiative exhibited; relative contribution to the results of operations; the
impact of operating conditions; the effect of economic changes on salary
structure; and comparisons with compensation paid by similar companies. Such
considerations are subjective, and specific measures are not used in the review
process.
The second component of the executive compensation program is a
performance-based Executive Incentive Compensation Plan established by the
Ameren Corporation Board, which provides specific, direct relationships between
corporate results and Plan compensation. For 1999, Ameren consolidated year-end
earnings per share (EPS) target levels were set by the Human Resources
Committee. If EPS reaches at least the minimum target level, the Committee
authorizes incentive payments within prescribed ranges based on individual
performance and degree of responsibility. If EPS fails to reach the minimum
target level, no payments are made. Under the Plan, it is expected that payments
to the Chief Executive Officers of Ameren Corporation and its subsidiaries
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will range from 0-37% of base salary. For 1999, actual payments ranged from
28.5% to 35.5% of base salary.
The third component of the 1999 executive compensation program is the
Long-Term Incentive Plan of 1998, which also ties compensation to performance.
The Plan was approved by Ameren Corporation shareholders at its 1998 Annual
Meeting and provides for the grant of options, performance awards, stock
appreciation rights and other awards. The Human Resources Committee determines
who participates in the Plan and the number and types of awards to be made. It
also sets the terms, conditions, performance requirements and limitations
applicable to each award under the Plan. Awards under the 1998 Plan have been at
levels that approximate the median of the range of awards granted by similar
companies.
In determining the reported 1999 compensation of the Chief Executive
Officer, as well as compensation for the other executive officers, the Human
Resources Committee considered and applied the factors discussed above. Further,
the reported compensation reflects an above-average level of achievement in
attaining 1999 EPS. Authorized compensation for the Company's executive officers
fell within the ranges of those paid by similar companies.
/s/ John Peters MacCarthy, Chairman
/s/ Thomas A. Hays
/s/ Gordon R. Lohman
/s/ Robert H. Quenon
Compensation Tables
The following tables contain compensation information, for the periods
indicated, for (a) the President and Chief Executive Officer of the Company and
(b) the four other most highly compensated executive officers of the Company who
were serving as executive officers at the end of 1999.
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<TABLE>
<CAPTION>
SUMMARY COMPENSATION TABLE
Long-Term
Annual Compensation
Compensation Securities All Other
Name and ------------ Underlying Compen-
Principal Position Year Salary($) Bonus($) Options(#) sation($)
------------------ ---- --------- -------- ---------- ---------
<S> <C> <C> <C> <C> <C>
G. L. Rainwater 1999 342,000 97,500 27,900 4,825 <F1>
President and Chief 1998 325,000 93,000 25,800 66
Executive Officer<F2> 1997 246,000 - - 134
T. R. Voss 1999 190,000 50,800 10,700 6,728 <F1>
Senior Vice President - 1998 142,000 23,000 3,350 4,164
Customer Services; 1997 117,200 9,800 1,070 3,631
Senior Vice President,
Union Electric and
Ameren Services
Company<F4>
S. R. Sullivan 1999 190,000 40,600 10,700 4,624 <F1>
Vice President, General 1998 98,000 21,000 5,300 1,075 <F3>
Counsel and Secretary; 1997 - - - - <F3>
and Vice President,
General Counsel and
Secretary, Ameren,
Union Electric and
Ameren Services
Company<F4>
G. W. Moorman 1999 180,000 32,400 10,700 6,147 <F1>
Vice President- 1998 175,500 29,000 9,700 1,703
Regional Operations 1997 169,000 - - -
W. L. Baxter 1999 175,000 37,400 10,700 5,240 <F1>
Vice President and 1998 157,000 35,000 9,700 2,753
Controller; and Vice 1997 143,000 28,000 3,400 2,318
President and Controller,
Ameren, Union Electric
and Ameren Services
Company<F4>
<FN>
<F1> Amounts include (a) matching contributions to the 401(k) plan and (b)
above-market earnings on deferred compensation, as follows:
(a) (b)
G. L. Rainwater $3,952 $873
T. R. Voss 6,099 629
S. R. Sullivan 4,295 329
G. W. Moorman 5,966 181
W. L. Baxter 4,626 614
<F2> Amount paid to Mr. Rainwater for period prior to January 13, 1997 is
compensation earned as an employee of Union Electric.
<F3> Mr. Sullivan commenced his employment with Ameren and its subsidiaries on
June 16, 1998.
<F4> Includes compensation received as an officer of Ameren and its subsidiaries
including the Company.
</FN>
</TABLE>
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OPTION GRANTS IN 1999
<TABLE>
<CAPTION>
Number of % of Total Grant
Shares Options Date
Underlying Granted to Exercise Present
Options Employees Price Expiration Value<F2>
Name Granted<F1> in 1999 ($/Sh) Date ($)
---- ---------- ------- ------ ---- ---
<S> <C> <C> <C> <C> <C>
G. L. Rainwater 27,900 3.63 36.625 2/12/09 131,409
T. R. Voss 10,700 1.39 36.625 2/12/09 50,397
S. R. Sullivan 10,700 1.39 36.625 2/12/09 50,397
G. W. Moorman 10,700 1.39 36.625 2/12/09 50,397
W. L. Baxter 10,700 1.39 36.625 2/12/09 50,397
<FN>
<F1> Options vest 25% annually beginning February 12, 2001. Options are not
transferable.
<F2> The Grant Date Present Values were determined using the binomial option
pricing model, a derivative of the Black-Scholes option pricing model.
Assumptions used for the model are as follows: an option term of ten years,
stock volatility of 18.80%, a dividend yield of 6.51%, risk-free interest
rate of 5.44%, and a vesting restrictions discount rate of 3% per year over
the five-year vesting period. The Grant Date Present Value calculation is
presented in accordance with SEC proxy requirements, and the Company has no
way to determine whether the pricing model can properly determine the value
of an option. There is no assurance that the value, if any, that may be
realized by the optionee unless the stock price increases from the exercise
price, in which case shareholders would benefit commensurately.
</FN>
</TABLE>
AGGREGATED OPTION EXERCISES IN 1999
AND YEAR-END VALUES
<TABLE>
<CAPTION>
Value of
In-the-Money
Shares Unexercised Options Options
Aquired Valued at Year End(#) at Year End($)
on Realized -------------- --------------
Name Exercise(#) $ Exercisable Unexercisable Exercisable Unexercisable
---- ----------- ------------- ----------- ------------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
G. L. Rainwater - - - 53,700 - -
T. R. Voss - - 1,207 15,443 - -
S. R. Sullivan - - - 16,000 - -
G. W. Moorman - - - 20,400 - -
W. L. Baxter - - 2,700 24,400 2,763 46,660
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</TABLE>
<PAGE>
Ameren Retirement Plan
Most salaried employees of Ameren and its subsidiaries earn benefits under
the Ameren Retirement Plan immediately upon employment. Benefits generally
become vested after five years of service. On an annual basis a bookkeeping
account in a participant's name is credited with an amount equal to a percentage
of the participant's pensionable earnings for the year. Pensionable earnings
equals base pay, overtime and annual bonuses, which are equivalent to amounts
shown as "Annual Compensation" in the Summary Compensation Table. The applicable
percentage is based on the participant's age as of December 31 of that year. If
the participant was an employee prior to July 1, 1998, an additional transition
credit percentage is credited to the participant's account through 2007 (or an
earlier date if the participant had less than 10 years of service on December
31, 1998).
Participant's Age Regular Credit for Transition Credit
on December 31 Pensionable Earnings* Pensionable Earnings Total Credits
- -------------- --------------------- -------------------- -------------
Less than 30 3% 1% 4%
30 to 34 4% 1% 5%
35 to 39 4% 2% 6%
40 to 44 5% 3% 8%
45 to 49 6% 4.5% 10.5%
50 to 54 7% 4% 11%
55 and over 8% 3% 11%
* An additional regular credit of 3% is received for pensionable earnings
above the Social Security wage base.
These accounts also receive interest credits based on the average yield for
one-year U.S. Treasury Bonds for the previous October, plus 1%. In addition,
certain annuity benefits earned by participants under prior plans as of December
31, 1997 were converted to additional credit balances under the Ameren
Retirement Plan as of January 1, 1998. When a participant terminates employment,
the amount credited to the participant's account is converted to an annuity or
paid to the participant in a lump sum. The participant can also choose to defer
distribution, in which case the account balance is credited with interest at the
applicable rate until the future date of distribution. Benefits are not subject
to any deduction for Social Security or other offset amounts.
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In certain cases pension benefits under the Retirement Plan are reduced to
comply with maximum limitations imposed by the Internal Revenue Code. A
Supplemental Retirement Plan is maintained by Ameren to provide for a
supplemental benefit equal to the difference between the benefit that would have
been paid if such Code limitations were not in effect and the reduced benefit
payable as a result of such Code limitations. The plan is unfunded and is not a
qualified plan under the Internal Revenue Code.
The following table shows the estimated annual retirement benefits,
including supplemental benefits, which would be payable to each executive
officer listed if he were to retire at age 65 at his 1999 base salary and annual
bonus, and payments were made in the form of a single life annuity.
Name Year of 65th Birthday Estimated Annual Benefit
---- --------------------- ------------------------
G. L. Rainwater 2011 $203,000
T. R. Voss 2012 151,000
S. R. Sullivan 2025 156,000
G. W. Moorman 2008 156,000
W. L. Baxter 2026 150,000
Change of Control Severance Plan
Under the Ameren Corporation Change of Control Severance Plan, designated
officers of Ameren and its subsidiaries, including current officers of the
Company named in the Summary Compensation Table, are entitled to receive
severance benefits if their employment is terminated under certain circumstances
within three years after a "change of control". A "change of control" occurs, in
general, if (i) any individual, entity or group acquires 20% or more of the
outstanding Common Stock of Ameren or of the combined voting power of the
outstanding voting securities of Ameren; (ii) individuals who, as of the
effective date of the Plan, constitute the Board of Directors of Ameren, or who
have been approved by a majority of the Board, cease for any reason to
constitute a majority of the Board; or (iii) Ameren enters into certain business
combinations, unless certain requirements are met regarding continuing ownership
of the outstanding Common Stock and voting securities of Ameren and the
membership of its Board of Directors.
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Severance benefits are based upon a severance period of two or three years,
depending on the officer's position. An officer entitled to severance will
receive the following: (a) salary and unpaid vacation pay through the date of
termination; (b) a pro rata bonus for the year of termination, and base salary
and bonus for the severance period; (c) continued employee welfare benefits for
the severance period; (d) a cash payment equal to the actuarial value of the
additional benefits the officer would have received under Ameren's qualified and
supplemental retirement plans if employed for the severance period; (e) up to
$30,000 for the cost of outplacement services; and (f) reimbursement for any
excise tax imposed on such benefits as excess payments under the Internal
Revenue Code.
INDEPENDENT ACCOUNTANTS
The Company has not selected its independent accountants for 2000. This
selection is expected to be made by the Board of Directors of Ameren Corporation
after the Auditing Committee of that Board has reviewed the prior year's audit
report with representatives of the independent accountants for such year. After
such review, the Auditing Committee will recommend to that Board for its
approval the selection of independent accountants for 2000 and the fees to be
paid for the regular annual audit.
PricewaterhouseCoopers LLP served as the Company's independent accountants
in 1999. Representatives of that firm are expected to be present at the annual
meeting with the opportunity to make a statement if they so desire and are
expected to be available to respond to appropriate questions.
STOCKHOLDER PROPOSALS
Any stockholder proposal intended for inclusion in the proxy material for
the Company's 2001 Annual Meeting of Stockholders must be received by December
1, 2000.
In addition, under the Company's By-Laws, stockholders who intend to submit
a proposal in person at an Annual Meeting, or who intend to nominate a director
at a Meeting, must provide advance written notice along with other prescribed
information. In general, such notice must be received by the Secretary of the
Company at the principal executive offices of the Company not later than 60 or
earlier than 90 days prior to the Meeting. A copy of the By-Laws can be obtained
by written request to the Secretary of the Company.
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MISCELLANEOUS
In addition to the use of the mails, proxies may be solicited by personal
interview, or by telephone or other means, and banks, brokers, nominees and
other custodians and fiduciaries will be reimbursed for their reasonable
out-of-pocket expenses in forwarding soliciting material to their principals,
the beneficial owners of stock of the Company. Proxies may be solicited by
officers, directors and key employees of the Company on a voluntary basis
without compensation. The Company will bear the cost of soliciting proxies on
its behalf.
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CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
P. O. BOX 66149, ST. LOUIS, MISSOURI 63166-6149 PROXY
________________________________________________________________________________
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS FOR
THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON APRIL 25, 2000
The undersigned hereby appoints CHARLES W. MUELLER and STEVEN R. SULLIVAN, and
either of them, each with the power of substitution, as proxy for the
undersigned, to vote all the shares of capital stock of CENTRAL ILLINOIS PUBLIC
SERVICE COMPANY represented hereby at the Annual Meeting of Stockholders to be
held at Powell Symphony Hall, 718 North Grand Boulevard, St. Louis, Missouri, on
April 25, 2000 at 9:00 A.M., and at any adjournment thereof, upon all matters
that may be submitted to a vote of stockholders including the matters described
in the proxy statement furnished herewith, subject to any directions indicated
on the reverse side of this proxy form and in their discretion on any other
matter that may be submitted to a vote of stockholders.
NOMINEES FOR DIRECTOR - PAUL A. AGATHEN, WARNER L. BAXTER, DONALD E. BRANDT,
CHARLES W. MUELLER AND GARY L. RAINWATER
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE hereof and return this proxy form
promptly in the enclosed envelope. If you attend the meeting and wish to change
your vote, you may do so automatically by casting your ballot at the meeting.
SEE REVERSE SIDE
- - THANK YOU FOR YOUR PROMPT ATTENTION - -
v FOLD AND DETACH HERE v
/ x / Please mark votes This proxy will be voted as specified below. If
as in this example. no direction is made, this proxy will be voted
FOR all nominees listed on the reverse side.
THE BOARD OF DIRECTORS RECOMMENDS VOTING FOR ITEM 1.
FOR all nominees WITHHOLD AUTHORITY Holders of depositary
(except as listed all nominees shares representing ATTENDANCE CARD
below) 1/4 of a share of REQUESTED
6.625% cumulative Pre-
ITEM 1 / / / / ferred Stock direct / /
DIRECTORS Ameren Services Company,
as depository agent for
FOR ALL EXCEPT:__________________ holders of depositary
shares, to appoint proxies
to vote as indicated herein.
[AMERENCIPS LOGO]
SEE
DATED________________2000 REVERSE
SIDE
_____________________________________________
SIGNATURE - Please sign exactly as name appears hereon.
_____________________________________________
CAPACITY (OR SIGNATURE IF HELD JOINTLY)
Shares registered in the name of a Custodian or Guardian
must be signed by such. Executors, administrators,
trustees, etc. should so indicate when signing.
