|
|
|
|
|
|
|
|
|
|
|
|
|
<PAGE>
================================================================================
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------------------
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, 1997
-----------------
[_] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from ________ TO ________
COMMISSION FILE NUMBER 1-5851
------
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
- -------------------------------------------------------------------------------
(Full title of plan)
RHONE-POULENC RORER INC.
- -------------------------------------------------------------------------------
(Name of issuer of securities held pursuant to the plan)
500 Arcola Road Collegeville, Pennsylvania 19426
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 610-454-8000
------------
================================================================================
<PAGE>
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
ANNUAL REPORT ON FORM 11-K
For the year ended December 31, 1997
TABLE OF CONTENTS
-----------------
<TABLE>
<CAPTION>
Page No.*
-------
<S> <C>
(a) FINANCIAL STATEMENTS:
Report of Independent Accountants 2
Statements of Net Assets Available for Benefits
at December 31, 1997 and 1996 3
Statements of Changes in Net Assets Available for Benefits
for the years ended December 31, 1997 and 1996 4
Notes to Financial Statements 5-18
SUPPLEMENTAL SCHEDULES:
Schedule of Assets Held for Investment Purposes
at December 31, 1997 19
Schedule of Reportable Transactions
for the year ended December 31, 1997 20
* Refers to page number in the 1997 Annual Report of the Rhone-Poulenc
Rorer Employee Savings Plan.
(b) EXHIBITS:
(1) Consent of Independent Accountants.
</TABLE>
<PAGE>
ANNUAL REPORT OF THE
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
------------------------
For the years ended December 31, 1997 and 1996
<PAGE>
ANNUAL REPORT OF THE
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
__________
<TABLE>
<CAPTION>
Page No.
--------
<S> <C>
Financial Statements:
Report of Independent Accountants 2
Statements of Net Assets Available for Benefits at
December 31, 1997 and 1996 3
Statements of Changes in Net Assets Available for Benefits
for the years ended December 31, 1997 and 1996 4
Notes to Financial Statements 5-18
Supplemental Schedules:
Line 27(a)* - Schedule of Assets Held for Investment Purposes
at December 31, 1997 19
Line 27(d)* - Schedule of Reportable Transactions
for the year ended December 31, 1997 20
* Refers to line numbers in the IRS Form 5500 (Annual Return/Report of
Employee Benefit Plans) for the year ended December 31, 1997, which is
incorporated herein by reference.
</TABLE>
1
<PAGE>
REPORT OF INDEPENDENT ACCOUNTANTS
---------------------------------
To the Employee Savings Plan Committee:
We have audited the accompanying statements of net assets available for benefits
of Rhone-Poulenc Rorer Employee Savings Plan ("the Plan") as of December 31,
1997 and 1996, and the related statements of changes in net assets available for
benefits for each of the two years in the period ended December 31, 1997. 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 as of
December 31, 1997 and 1996, and the changes in net assets available for benefits
for each of the two years in the period ended December 31, 1997, 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 supplemental schedules, listed in
the accompanying index on page 1, 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 are the responsibility of the
Plan's management. The supplemental schedules have been subjected to the
auditing procedures applied in the audits 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/ COOPERS & LYBRAND L.L.P.
----------------------------
Coopers & Lybrand L.L.P.
Philadelphia, Pennsylvania
June 24, 1998
2
<PAGE>
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
<TABLE>
<CAPTION>
DECEMBER 31,
------------------------------------------
1997 1996
----------------- -----------------
<S> <C> <C>
ASSETS
Investments $ 301,702,390 $ 252,294,694
Cash 16,933 --
Receivables:
Employer contributions 451,294 419,754
Employee contributions 1,363,036 1,163,750
----------------- -----------------
1,814,330 1,583,504
Participants' promissory notes 4,966,550 5,591,138
----------------- -----------------
Total assets 308,500,203 259,469,336
----------------- -----------------
NET ASSETS AVAILABLE FOR BENEFITS $ 308,500,203 $ 259,469,336
================= =================
</TABLE>
See accompanying notes to financial statements.
3
<PAGE>
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
<TABLE>
<CAPTION>
FOR THE YEARS ENDED DECEMBER 31,
----------------------------------------
1997 1996
---------------- ---------------
<S> <C> <C>
ADDITIONS
Contributions:
Employer $ 6,519,225 $ 5,999,573
Employee 15,944,790 15,081,198
Investment income:
Interest & dividend income 9,119,975 11,391,894
Net appreciation 38,502,120 36,741,869
Transfers from other plans (Note 5) -- 2,110,050
---------------- ---------------
Total additions 70,086,110 71,324,584
---------------- ---------------
DEDUCTIONS
Withdrawals and terminations (21,055,243) (14,931,066)
Transfers to other plans (Note 5) -- (41,648,944)
---------------- ---------------
Total deductions (21,055,243) (56,580,010)
---------------- ---------------
NET INCREASE 49,030,867 14,744,574
NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of year 259,469,336 244,724,762
---------------- ---------------
End of year $308,500,203 $259,469,336
================ ===============
</TABLE>
See accompanying notes to financial statements.
4
<PAGE>
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 1. SUMMARY OF SIGNIFICANT PLAN PROVISIONS
Plan Description
- ----------------
The Rhone-Poulenc Rorer Employee Savings Plan (the "Plan") is a voluntary,
defined contribution (S)401(k) plan for salaried and hourly employees of Rhone-
Poulenc Rorer Inc. (the "Company") and its U.S. subsidiaries.
Trustee and Recordkeeper
- ------------------------
The American Express Trust Company (the "Trustee") is the Plan's recordkeeper
and trustee.
Plan Administrator
- ------------------
The Employee Savings Plan Committee (the "Committee"), as appointed by the
Company's Board of Directors, is responsible for the general administration of
the Plan.
Eligibility
- -----------
Employees are eligible to join the Plan following the completion of three months
of service (full-time employees) or one year of service (part-time employees).
As of December 31, 1997 and 1996, there were 4,998 and 4,690 participants in the
Plan, respectively.
Contributions
- -------------
All participant contributions are made on a before-tax basis. Each participant
may invest from 1 percent to 6 percent of annual basic compensation (to a
maximum of $6,000) as a basic contribution. In addition, each participant may
make an additional supplemental contribution, subject to certain limitations.
The total of the basic and supplemental contributions can not exceed IRS
limitations for each plan year, which in 1997 was $9,500. For the 1996 plan
year, the total of such contributions could not exceed $9,500. If a
participant's annual contributions exceed the dollar limitation set by the IRS
thereby requiring a distribution of such excess contributions, the participant
will forfeit any employer contributions related to the distribution amount.
Amounts forfeited will be used to reduce future employer contributions.
Employee rollover contributions from other qualified retirement plans are
permitted; such contributions are subject to the conditions and procedures set
forth in the Plan.
The Company's basic matching contribution for the majority of plan participants
is as follows:
Percent of Basic Contribution Company Contribution Percentage
----------------------------- -------------------------------
1st 1% 100%
2nd 1% 90%
3rd 1% 80%
4th through 6th 1% 50%
5
<PAGE>
Vesting
- -------
All participants are fully vested at all times in all amounts held in their
accounts.
Investment Options
- ------------------
Investment options include the following vehicles: IDS Discovery Fund, Inc.;
IDS Federal Income Fund, Inc.; IDS International Fund, Inc.; IDS Managed
Allocation Fund; IDS Mutual; IDS New Dimensions Fund, Inc. (collectively, the
"IDS funds"); American Express Trust Equity Index Fund I; Rhone-Poulenc Rorer
Inc. Interest Accumulation Account; and Rhone-Poulenc Rorer Inc. Common Stock
Account (until August 31, 1997). In June 1996, four new investment options are
available to participants: IDS Selective Fund, Inc.; IDS Growth Fund, Inc.;
Templeton Foreign Fund (Class II), and AIM Constellation Fund. The IDS funds
are managed by American Express Financial Corporation. Participants may choose
any combination of available investment vehicles in increments of one percent of
their contribution.
All employer contributions in 1996 and up to August 31, 1997 were made to the
Rhone-Poulenc Rorer Inc. Common Stock Account. Prior to 1996, a participant
could not elect to transfer employer contributions from common stock to another
investment medium until the participant reached age 55. In January 1996, the
Plan was amended to allow participants to transfer all employer contributions
made after December 18, 1992 to another investment medium after a period of 36
months from the date of contribution, regardless of the participant's age.
On August 22, 1997 Rhone-Poulenc S.A. (RP) commenced a cash tender offer to
acquire, at a purchase price of $97 per share, the remaining shares of common
stock of Rhone-Poulenc Rorer Inc. (RPR) that it did not then own, including
shares in the Plan. The tender was declared complete on October 1, 1997. An
amount of $84,072,388 being the cash received by the Trustee for the tender of
such shares by plan participants who exercised the tender by the due date of
September 25, 1997, was transferred into the Interest Accumulation Fund as of
October 9, 1997. The cash of $22,727,822 received by the Trustee for shares of
RPR stock that were not tendered during the tender period were frozen until the
cancellation of shares and was transferred into the Interest Accumulation Fund
as of December 3, 1997.
Beginning September 1, 1997 employer contributions were made into the RPR
Interest Accumulation Fund (See Note 8).
Withdrawals/Distributions
- -------------------------
If a participant retires, dies, becomes permanently disabled, or otherwise
separates from the Company, he (or in the case of death, his beneficiary) is
entitled to the full amount of his account as valued on the applicable valuation
date. In the event of a participant's death, distribution of his account will
be made as soon as administratively practicable upon the receipt of appropriate
documentation from his designated beneficiary. Distributions for reasons of
retirement, permanent disability or termination will be made upon written
request. Distributions of a participant's account are typically made in a
single payment; however, distributions for reasons other than death may be made
under a continuous withdrawal method at the discretion of the Committee.
Deferrals of distributions can not be made past the age of 70 1/2.
While employed, a participant may, upon written notice, make certain withdrawals
of (1) his basic and supplemental contributions made prior to July 1, 1984, with
the limitation of one such withdrawal in any plan year, (2) the earnings on the
pre-July 1, 1984 basic and supplemental contributions and rollover
contributions, (3) employer contributions which are held in investment vehicles
other than the Rhone-Poulenc Rorer Inc. Common Stock Account and which have been
held in such vehicles for at least two years, and (4) post-June 30, 1984 basic
and supplemental contributions for the reason of financial hardship, as defined
in the Plan. Hardship withdrawals must be approved by the Committee. At the
age of 59 1/2, the participant may withdraw any portion of his basic and
supplemental contribution amounts.
6
<PAGE>
Before-tax contributions, Company matching and supplemental contributions, and
all investment earnings are fully taxable upon distribution to the participant.
Special lump sum distribution rules apply for full plan withdrawals made after
age 59 1/2. A ten percent surtax, as well as a twenty percent mandatory
withholding, is applicable to taxable withdrawals and distributions prior to age
59 1/2, subject to certain exceptions, including distributions due to death or
permanent disability.
Participants' Promissory Notes
- ------------------------------
Any participant who is an employee may apply for a loan provided the request
does not exceed 50% of his vested account value and the total outstanding does
not exceed $50,000. Company matching contributions can not be liquidated within
36 months of contribution to provide any portion of the loan principal. Only
one loan may be made every 365 days and all loans are subject to approval by the
Committee. Loan terms are generally limited to five years with no penalty for
early repayment. Interest rates are determined by the Committee in accordance
with prevailing market rates on similar types of loans. Interest paid by the
participant is credited to the participant's account. If a participant defaults
on an outstanding loan, the unpaid amount is treated as a taxable withdrawal and
is subject to the ten percent surtax (prior to age 59 1/2) referred to above and
federal income taxes. Administrative expenses associated with loans are paid by
the Company.
When a participant receives a distribution from the Plan, any outstanding loan
balance (plus accrued interest) will be deducted from the amount of the
distribution. A participant may then either default on the loan or make
arrangements to continue loan repayments beyond when he becomes entitled to a
distribution as long as his remaining interest in the Plan exceeds his
outstanding loan balance.
Plan Expenses
- -------------
Brokerage commissions in connection with the Plan's purchase or sale of
securities are added to the cost of the securities or deducted from the proceeds
thereof, as the case may be. All other costs and expenses incurred in the
administration of the Plan (i.e., trustee and recordkeeper fees) are currently
paid by Rhone-Poulenc Rorer, Inc.
Cash Advances
- -------------
In accordance with an agreement between the Company and the Trustee, the Company
periodically makes cash advances to the Plan to cover temporary cash shortages
in the Rhone-Poulenc Rorer Inc. Common Stock Account and the Rhone-Poulenc
Rorer, Inc. Interest Accumulation Account resulting from the timing of
transaction settlement. At December 31, 1997 and 1996, there were no
outstanding cash advances under this arrangement.
Termination of the Plan
- -----------------------
The Company's Board of Directors may amend or suspend the Plan at its discretion
and may terminate the Plan at any time (although there is no present intent to
do so) provided, however, that no such action may cause the participants'
employee and Company contribution accounts to be used for purposes other than
the exclusive benefit of the participants and their beneficiaries. If the Plan
is terminated with respect to all participants or a group of participants, all
such participants' accounts shall become fully vested and all accounts of
participants shall be distributed as soon as administratively possible.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
- -------------------
The financial statements of the Plan are prepared under the accrual basis of
accounting.
7
<PAGE>
Investment Valuation and Income Recognition
- -------------------------------------------
All of the IDS funds and the American Express Trust Equity Index Fund I are
stated at the fair market value of the particular fund. The Rhone-Poulenc Rorer
Inc. Interest Accumulation Account is stated at contract value (cost plus
interest income earned on an accrual basis) which approximates fair value. The
Rhone-Poulenc Rorer Inc. Common Stock Account is stated at the fair market value
of the Company's common stock.
Purchases and sales are recorded on a trade-date basis. Interest income is
recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
The statement of changes in net assets available for benefits presents the net
appreciation in the fair value of its investments which consists of realized
gains (losses) and the unrealized appreciation (depreciation) on those
investments.
Risks and Uncertainties
- -----------------------
The Plan provides for various investment options representing varied combination
of stocks, bonds, fixed income securities, mutual funds and other investment
securities. Investment securities are exposed to various risks, such as
interest rate, market and credit risk. 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 participants' 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.
In general, unless otherwise noted, no single common stock issue represented
more than 6% of the total assets of a particular IDS fund at December 31,
1997(1996: 4%). The IDS Federal Income Fund, Inc. holds approximately 55%
(1996: 81%) of its total assets in the Federal National Mortgage Association or
the Federal Home Loan Mortgage Corporation with the remaining 45% (1996: 19%)
held in various other U.S. government securities, primarily U.S. Treasury Bills.
The IDS International Fund, Inc. holds various securities of companies located
in France, Japan and the United Kingdom which comprised 12%, 11% and 10%,
respectively, of the total fund balance (1996: 6%, 29%, and 15%, respectively).
The Plan requires no collateral to support its investments. The nature of the
investments is discussed more fully in Note 3.
Contributions
- -------------
Contributions from employees are deposited as soon as practicable but no more
than thirty days after the end of the calendar month in which the Company and
its participating subsidiaries make payroll deductions from plan participants.
Contributions from the employees and the Company are recorded in the same period
as the corresponding payroll deductions.
Related Party Transactions
- --------------------------
Certain Plan investments were made in shares of mutual funds managed by an
affiliate of American Express Trust Company, the Plan's trustee. Therefore,
these transactions qualify as party-in-interest.
Use of Estimates
- ----------------
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 revenues and expenses during the reporting period.
Actual results could differ from those estimates.
8
<PAGE>
NOTE 3. SIGNIFICANT ASPECTS OF INVESTMENT OPTIONS
IDS Discovery Fund, Inc. (Class Y)
- ----------------------------------
The IDS Discovery Fund, Inc. (Class Y) is a diversified mutual fund that invests
primarily in common stocks of small and medium size growth companies, many of
which specialize in technological innovation. Total units and unit values
invested in the fund at December 31, 1997 and 1996 were 894,765 at $11.743 per
unit and 514,504 at $11.222 per unit, respectively. There were 1,189
participants in the fund at December 31, 1997 (1996: 1,082).
IDS Federal Income Fund, Inc. (Class Y)
- ---------------------------------------
The IDS Federal Income Fund, Inc. (Class Y) invests primarily in U.S. government
and government agency securities. Total units and unit values invested in the
fund at December 31, 1997 and 1996 were 286,530 at $5.056 per unit and 206,879
at $4.979 per unit, respectively. There were 369 participants in the fund at
December 31, 1997 (1996: 387).
IDS International Fund, Inc. (Class Y)
- --------------------------------------
The IDS International Fund, Inc. (Class Y) is a diversified mutual fund that
invests primarily in common stocks and securities convertible into common stocks
of foreign issuers. Total units and unit values invested in the fund at
December 31, 1997 and 1996 were 381,478 at $10.191 per unit and 435,488 at
$10.438 per unit, respectively. There were 813 participants in the fund at
December 31, 1997 (1996: 968).
IDS Managed Allocation Fund (Class Y)
- -------------------------------------
The IDS Managed Allocation Fund (Class Y), a part of IDS Managed Retirement
Fund, Inc., is a diversified mutual fund that invests in common and preferred
stocks, convertible securities, debt securities and money market instruments
issued by both U.S. and foreign companies. Total units and unit values invested
in the fund at December 31, 1997 and 1996 were 770,011 at $10.955 per unit and
653,849 at $11.227 per unit, respectively. There were 1,087 participants in the
fund at December 31, 1997 (1996: 1,180).
IDS Mutual (Class Y)
- --------------------
IDS Mutual (Class Y), a part of IDS Investment Series, Inc., is a diversified
mutual fund that invests in common stocks and senior securities (preferred stock
and debt securities) issued by U.S. and foreign companies as well as convertible
securities and money market instruments. Total units and unit values invested
in the fund at December 31, 1997 and 1996 were 669,320 at $13.728 per unit and
481,343 at $13.478 per unit, respectively. There were 1,187 participants in the
fund at December 31, 1997 (1996: 1,160).
IDS New Dimensions Fund, Inc. (Class Y)
- ---------------------------------------
The IDS New Dimensions Fund, Inc. (Class Y) is a diversified mutual fund that
invests primarily in common stocks and securities convertible into common stocks
of U.S. and foreign companies. Total units and unit values invested in the fund
at December 31, 1997 and 1996 were 1,405,552 at $23.862 per unit and 1,013,825
at $20.708 per unit, respectively. There were 2,294 participants in the fund at
December 31, 1997 (1996: 2,094).
IDS Growth Fund, Inc. (Class Y)
- -------------------------------
The IDS Growth Fund, Inc. (Class Y) is a diversified mutual fund that invests in
stocks of U.S. companies. Total units and unit values invested in the fund at
December 31, 1997 and 1996 were 348,451 at $31.790 per unit and 58,776 at
$27.137 per unit, respectively. There were 957 participants in the fund at
December 31, 1997 (1996: 299).
9
<PAGE>
IDS Selective Fund, Inc. (Class Y)
- ----------------------------------
The IDS Selective Fund, Inc. (Class Y) is a diversified mutual fund that invests
in the bonds of U.S. and foreign issuers. Total units and unit values invested
in the fund at December 31, 1997 and 1996 were 54,428 at $9.180 per unit and
15,627 at $9.104 per unit, respectively. There were 75 participants in the fund
at December 31, 1997 (1996: 28).
AIM Constellation Fund
- ----------------------
AIM Constellation Fund, a part of AIM Equity Funds, Inc., is a diversified
mutual fund that invests in common stock, with emphasis on medium-sized and
smaller companies. Total units and unit values invested in the fund at December
31, 1997 and 1996 were 276,047 at $26.380 per unit and 64,240 at $25.260 per
unit, respectively. There were 756 participants in the fund at December 31,
1997 (1996: 313).
Templeton Foreign Fund (Class II)
- ---------------------------------
Templeton Foreign Fund (Class II), a part of Templeton Funds, Inc., is a
diversified mutual fund that invests in stocks and debt obligations of companies
and governments outside of the U.S. Total units and unit values invested in the
fund at December 31, 1997 and 1996 were 442,673 at $9.950 per unit and 11,839 at
$10.360 per unit, respectively. There were 599 participants in the fund at
December 31, 1997 (1996: 187).
American Express Trust Equity Index Fund I
- ------------------------------------------
The American Express Trust Equity Index Fund I is a fund of common stocks
designed to closely match the total investment performance of the Standard and
Poor's 500 Composite Stock Index (the "S&P 500 Index"). The American Express
account portfolio contains all common stock issues represented in the S&P 500
Index except for stock of American Express Financial Corporation. No single
common stock issue can exceed 10% of the account portfolio at the time of
purchase. The fund is passively maintained; transactions occur only for the
purpose of investing new contributions, funding withdrawals, or adjusting to
changes made in the composition of stocks included in the S&P 500 Index. Total
units and unit values invested in the fund at December 31, 1997 and December 31,
1996 were 1,629,437 at $27.252 per unit and 1,385,027 at $20.506 per unit,
respectively. There were 2,112 participants in the fund at December 31, 1997
(1996: 1,882).
Rhone-Poulenc Rorer Inc. Interest Accumulation Account
- ------------------------------------------------------
The Rhone-Poulenc Rorer Inc. Interest Accumulation Account is a pool of
interest-bearing contracts, the principal and interest of which are guaranteed
by the issuing companies. The Plan's share represents 95.8% of the aggregate
pooled account at December 31, 1997. Issuing companies of contracts in the
account at December 31, 1997 were Aetna Life Insurance Company, John Hancock
Mutual Life Insurance Company, Metropolitan Life Insurance, Principal Mutual
Life Insurance Company, The Prudential Insurance Company of America, New York
Life Insurance Company, Pacific Life Insurance Company and Transamerica
Occidental Life Insurance Company. The contracts, which had an aggregate fair
market value of $173,988,682 are considered fully benefit-responsive. Each
contract is subject to early termination penalties which may be significant.
The interest rates on funds on deposit in the account ranged from 5.53% to 9.06%
in 1997 (from 5.53% to 9.05% in 1996). The weighted average interest rate of
all outstanding contracts at December 31, 1997 was 7.01% (1996: 7.56%). There
were 4,361 participants in the account at December 31, 1997 (1996: 3,006).
Rhone-Poulenc Rorer Inc. Common Stock Account
- ---------------------------------------------
At December 31, 1997, there were no units invested and no participants in this
fund. Prior to that, this account consisted of Rhone-Poulenc Rorer Inc. common
stock acquired at the prevailing market price and temporary investments held by
the Trustee. Total RPR common stock shares held in the aggregate account as of
December 31, 1996 was 1,323,219. Share value as of December 31, 1996 was
$78.125 per share. There were 4,460 participants in the account at December 31,
1996. The amount of this account that was non-
10
<PAGE>
participant-directed at December 31, 1996 approximated $24.9 million which was
primarily related to the past 36 months of employer contributions.
Allocation of Investment Performance
- ------------------------------------
Investment performance (i.e., interest and dividends) within the Funds is
allocated to participant accounts based on a participant's relative unit value
interest in an individual fund at the earnings date.
NOTE 4. TAX STATUS
The Company obtained a determination letter from the Internal Revenue Service
("IRS") in May 1995 stating that the Plan, as amended and restated effective
January 1, 1992, qualifies under (S)401(a) of the Internal Revenue Code and is
therefore exempt from income taxes thereunder. The Committee believes that the
Plan is operating in compliance with all applicable IRS regulations.
NOTE 5. TRANSFERS TO AND FROM THE PLAN
Effective January 1, 1996, plan assets totaling $41,648,944 were transferred
from the Plan into two separate (S)401(k) savings plans established by Centeon
L.L.C., a joint venture company. The amount represented participant balances of
1,522 former Company employees who transferred to Centeon L.L.C. The amount of
the transfer by fund/account was as follows:
<TABLE>
<S> <C>
IDS Discovery Fund, Inc. $ 615,201
IDS Federal Income Fund, Inc. 266,103
IDS International Fund, Inc. 819,377
IDS Managed Allocation Fund 1,131,281
IDS Mutual 1,782,821
IDS New Dimensions Fund, Inc. 2,175,529
IDS Selective Fund, Inc. 192,683
American Express Trust Equity Index Fund I 3,302,159
Rhone-Poulenc Rorer Inc. Interest Accumulation Account 14,338,100
Rhone-Poulenc Rorer Inc. Common Stock Account 15,099,615
Participants' Promissory Notes Account 1,926,075
--------------
$ 41,648,944
==============
</TABLE>
Effective May 1, 1996, plan assets of the Applied Immune Sciences, Inc. Employee
Savings Plan totaling $2,110,050 were transferred into the Plan.
11
<PAGE>
NOTE 6. NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT
Net assets available for benefits by account at December 31, 1997 and 1996 were
as follows:
<TABLE>
<CAPTION>
DECEMBER 31, 1997
IDS IDS FEDERAL IDS IDS MANAGED
DISCOVERY INCOME INTERNATIONAL ALLOCATION
FUND, INC. FUND, INC. FUND, INC. FUND
----------------- ---------------- ---------------- -------------------
ASSETS
<S> <C> <C> <C> <C>
Investments $10,507,230 $1,448,694 $3,887,645 $8,435,473
Cash
Receivables:
Employer contributions
Employee contributions 80,656 18,562 36,856 76,507
Loans to participants
Inter-fund transfers pending (453) -- 5,436 (3,003)
----------------- ---------------- ---------------- -------------------
Total assets 10,587,433 1,467,256 3,929,937 8,508,977
----------------- ---------------- ---------------- -------------------
NET ASSETS AVAILABLE
FOR BENEFITS $10,587,433 $1,467,256 $3,929,937 $8,508,977
================= ================ ================ ===================
</TABLE>
<TABLE>
<CAPTION>
IDS NEW IDS IDS
DIMENSIONS GROWTH SELECTIVE
IDS MUTUAL FUND, INC. FUND, INC. FUND, INC.
------------------ --------------- ----------------- -------------
ASSETS
<S> <C> <C> <C> <C>
Investments $9,188,423 $33,539,272 $11,077,244 $499,649
Cash
Receivables:
Employer contributions
Employee contributions 86,413 243,849 92,417 4,509
Loans to participants
Inter-fund transfers pending 15,434 285,887 37,324 10,000
------------------ --------------- ----------------- ------------
Total assets 9,290,270 34,069,008 11,206,985 514,158
------------------ --------------- ----------------- ------------
NET ASSETS AVAILABLE
FOR BENEFITS $9,290,270 $34,069,008 $11,206,985 $514,158
================== =============== ================= ============
</TABLE>
<TABLE>
<CAPTION>
RHONE-POULENC
AMERICAN RORER INC.
AIM TEMPLETON EXPRESS TRUST INTEREST
CONSTELLATION FOREIGN EQUITY INDEX ACCUMULATION
FUND FUND FUND I ACCOUNT
------------------ ---------------- ----------------- ---------------
<S> <C> <C> <C> <C>
ASSETS
Investments $7,282,116 $4,404,592 $44,405,421 $167,026,631
Cash 16,933
Receivables:
Employer contributions -- -- -- 451,294
Employee contributions 64,765 50,603 201,789 406,110
Loans to participants
Inter-fund transfers pending 65,412 5,000 3,755 (424,792)
------------------ ---------------- ----------------- ---------------
Total assets 7,412,293 4,460,195 44,610,965 167,476,176
------------------ ---------------- ----------------- ---------------
LIABILITIES
NET ASSETS AVAILABLE
FOR BENEFITS $7,412,293 $4,460,195 $44,610,965 $167,476,176
================== ================ ================= ===============
</TABLE>
<TABLE>
<CAPTION>
RHONE-POULENC PARTICIPANTS'
RORER INC. PROMISSORY
COMMON STOCK NOTES COMBINED
ACCOUNT ACCOUNT ACCOUNTS
---------------- -------------- -------------
<S> <C> <C> <C>
ASSETS
Investments $ -- $ -- $301,702,390
Cash 16,933
Receivables:
Employer contributions -- -- 451,294
Employee contributions -- -- 1,363,036
Loans to participants 4,966,550 4,966,550
Inter-fund transfers pending -- -- --
--------------- -------------- -------------
Total assets -- 4,966,550 308,500,203
--------------- -------------- -------------
LIABILITIES
NET ASSETS AVAILABLE
FOR BENEFITS $ -- $4,966,550 $308,500,203
=============== ============== =============
</TABLE>
12
<PAGE>
NOTE 6. NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
DECEMBER 31, 1996
<TABLE>
<CAPTION>
IDS IDS FEDERAL IDS IDS MANAGED
DISCOVERY INCOME INTERNATIONAL ALLOCATION
FUND, INC. FUND, INC. FUND, INC. FUND
-----------------------------------------------------------------------
ASSETS
<S> <C> <C> <C> <C>
Investments $5,773,767 $1,030,052 $4,545,629 $7,340,762
Receivables:
Employer contributions -- -- -- --
Employee contributions 71,282 18,854 56,477 86,227
Loans to participants -- -- -- --
Inter-fund transfers pending (10,000) -- -- (17,294)
-----------------------------------------------------------------------
Total assets 5,835,049 1,048,906 4,602,106 7,409,695
-----------------------------------------------------------------------
NET ASSETS AVAILABLE
FOR BENEFITS $5,835,049 $1,048,906 $4,602,106 $7,409,695
=======================================================================
</TABLE>
<TABLE>
<CAPTION>
RHONE-POULENC
AMERICAN RORER INC.
AIM TEMPLETON EXPRESS TRUST INTEREST
CONSTELLATION FOREIGN EQUITY INDEX ACCUMULATION
FUND FUND FUND I ACCOUNT
----------------------------------------------------------------------------
ASSETS
<S> <C> <C> <C> <C>
Investments $1,622,702 $1,158,649 $28,401,371 $86,358,686
Receivables:
Employer contributions -- -- -- --
Employee contributions 36,875 16,740 130,975 233,569
Loans to participants -- -- -- --
Inter-fund transfers pending -- 18,290 (28,000) 100,510
----------------------------------------------------------------------------
Total assets 1,659,577 1,193,679 28,504,346 86,692,765
----------------------------------------------------------------------------
NET ASSETS AVAILABLE
FOR BENEFITS $1,659,577 $1,193,679 $28,504,346 $86,692,765
============================================================================
</TABLE>
<TABLE>
<CAPTION>
IDSNEW IDS IDS
DIMENSIONS GROWTH SELECTIVE
IDS MUTUAL FUND, INC. FUND, INC. FUND, INC.
------------------------------------------------------------------
<S> <C> <C> <C> <C>
ASSETS
Investments $6,487,535 $20,994,286 $1,594,997 $142,272
Receivables:
Employer contributions -- -- -- --
Employee contributions 81,271 213,194 30,134 2,736
Loans to participants -- -- -- --
Inter-fund transfers pending -- 12,294 (1,000) --
------------------------------------------------------------------
Total assets 6,568,806 21,219,774 1,624,131 145,008
------------------------------------------------------------------
NET ASSETS AVAILABLE
FOR BENEFITS $6,568,806 $21,219,774 $1,624,131 $145,008
==================================================================
</TABLE>
<TABLE>
<CAPTION>
RHONE-POULENC PARTICIPANTS'
RORER INC. PROMISSORY
COMMON STOCK NOTES COMBINED
ACCOUNT ACCOUNT ACCOUNTS
-----------------------------------------------------------
ASSETS
<S> <C> <C> <C>
Investments $86,843,986 $ -- $252,294,694
Receivables:
Employer contributions 419,754 -- 419,754
Employee contributions 185,416 -- 1,163,750
Loans to participants -- 5,591,138 5,591,138
Inter-fund transfers pending (94,651) 19,851 --
--------------------------------------------------------------
Total assets 87,354,505 5,610,989 259,469,336
--------------------------------------------------------------
NET ASSETS AVAILABLE
FOR BENEFITS $87,354,505 $5,610,989 $259,469,336
==============================================================
</TABLE>
(continued on next page)
13
<PAGE>
NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT
Changes in net assets available for benefits by account for the years
ended December 31, 1997 and 1996 were as follows:
FOR THE YEAR ENDED DECEMBER 31, 1997
<TABLE>
<CAPTION>
IDS IDS FEDERAL IDS IDS MANAGED
DISCOVERY INCOME INTERNATIONAL ALLOCATION
FUND, INC. FUND, INC. FUND, INC. FUND
-------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ADDITIONS
Contributions:
Employer $ -- $ -- $ -- $ --
Employee 862,152 308,715 531,453 973,563
Investment income:
Interest & dividend income 1,244,256 80,688 176,290 1,280,449
Net appreciation
(depreciation) (393,141) 20,360 (81,573) (222,106)
Transfers from other plans -- -- -- --
-------------------------------------------------------------------------
Total additions 1,713,267 409,763 626,170 2,031,906
-------------------------------------------------------------------------
DEDUCTIONS
Withdrawals and
terminations (503,771) (101,923) (586,374) (625,790)
Transfers to other plans -- -- -- --
-------------------------------------------------------------------------
Total deductions (503,771) (101,923) (586,374) (625,790)
-------------------------------------------------------------------------
INCREASE (DECREASE) BEFORE
INTER-FUND TRANSFERS
1,209,496 307,840 39,796 1,406,116
Inter-fund transfers 3,542,888 110,510 (711,965) (306,834)
-------------------------------------------------------------------------
NET INCREASE
(DECREASE) 4,752,384 418,350 (672,169) 1,099,282
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year 5,835,049 1,048,906 4,602,106 7,409,695
-------------------------------------------------------------------------
End of year $10,587,433 $1,467,256 $3,929,937 $8,508,977
=========================================================================
</TABLE>
<TABLE>
<CAPTION>
IDS NEW IDS
DIMENSIONS GROWTH
IDS MUTUAL FUND, INC. FUND, INC.
-----------------------------------------------------------
<S> <C> <C> <C>
ADDITIONS
Contributions:
Employer $ -- $ -- $ --
Employee 1,087,240 2,751,456 827,827
Investment income:
Interest & dividend income 1,300,690 2,542,520 333,243
Net appreciation (depreciation)
(17,026) 2,712,932 (288,699)
Transfers from other plans -- -- --
-------------------------------------------------------
Total additions 2,370,904 8,006,908 872,371
--------------------------------------------------------
DEDUCTIONS
Withdrawals and
terminations (664,748) (1,893,451) (104,901)
Transfers to other plans -- -- --
--------------------------------------------------------
Total deductions (664,748) (1,893,451) (104,901)
--------------------------------------------------------
INCREASE (DECREASE) BEFORE
INTER-FUND TRANSFERS
1,706,156 6,113,457 767,470
Inter-fund transfers 1,015,308 6,735,777 8,815,384
--------------------------------------------------------
NET INCREASE (DECREASE)
2,721,464 12,849,234 9,582,854
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year 6,568,806 21,219,774 1,624,131
-------------------------------------------------------
End of year $9,290,270 $34,069,008 $11,206,985
=======================================================
</TABLE>
(continued on next page)
14
<PAGE>
NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1997
<TABLE>
<CAPTION>
AMERICAN
IDS AIM TEMPLETON EXPRESS TRUST
SELECTIVE CONSTELLATION FOREIGN FUND, INC. EQUITY INDEX
FUND, INC. FUND, INC. FUND I
--------------- ------------------ ------------------- ----------------
ADDITIONS
Contributions:
<S> <C> <C> <C> <C>
Employer $ -- $ -- $ -- $ --
Employee 151,311 629,921 459,007 1,987,186
Investment income:
Interest & dividend income 18,714 517,641 398,225 55,243
Net appreciation
(depreciation) 14,796 (538,148) (361,974) 9,631,905
Transfers from other plans -- -- -- --
--------- ---------- ---------- -----------
Total additions 184,821 609,414 495,258 11,674,334
--------- ---------- ---------- -----------
DEDUCTIONS
Withdrawals and
terminations (3,959) (109,681) (93,588) (2,465,646)
Transfers to other plans -- -- -- --
--------- ---------- ---------- -----------
Total deductions (3,959) (109,681) (93,588) (2,465,646)
--------- ---------- ---------- -----------
INCREASE (DECREASE)
BEFORE INTER-FUND
TRANSFER 180,862 499,733 401,670 9,208,688
Inter-fund transfers 188,288 5,252,983 2,864,846 6,897,931
--------- ---------- ---------- -----------
NET INCREASE
(DECREASE) 369,150 5,752,716 3,266,516 16,106,619
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year 145,008 1,659,577 1,193,679 28,504,346
--------- ---------- ---------- -----------
End of year $514,158 $7,412,293 $4,460,195 $44,610,965
========= ========== ========== ===========
<CAPTION>
RHONE-POULENC
RORER INC. RHONE-POULENC PARTICIPANTS
INTEREST RORER INC. PROMISSORY
ACCUMULATION COMMON STOCK NOTES COMBINED
ACCOUNT ACCOUNT ACCOUNT ACCOUNTS
--------------- --------------- ------------ --------------
ADDITIONS
Contributions:
<S> <C> <C> <C> <C>
Employer $ 2,018,433 $ 4,500,792 $ -- $ 6,519,225
Employee 3,674,541 1,700,418 -- 15,944,790
Investment income:
Interest & dividend income (1,025) 1,173,041 -- 9,119,975
Net appreciation
(depreciation) 7,736,865 20,287,929 -- 38,502,120
Transfers from other plans -- -- -- --
------------ ------------- ---------- ------------
Total additions 13,428,814 27,662,180 -- 70,086,110
------------ ------------- ---------- ------------
DEDUCTIONS
Withdrawals and
terminations (10,099,543) (3,801,868) -- (21,055,243)
Transfers to other plans -- -- -- --
------------ ------------- ---------- ------------
Total deductions (10,099,543) (3,801,868) -- (21,055,243)
------------ ------------- ---------- ------------
INCREASE (DECREASE)
BEFORE INTER-FUND
TRANSFER 3,329,271 23,860,312 -- 49,030,867
Inter-fund transfers 77,454,140 (111,214,817) (644,439) --
------------ ------------- ---------- ------------
NET INCREASE
(DECREASE) 80,783,411 (87,354,505) (644,439) 49,030,867
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year 86,692,765 87,354,505 5,610,989 259,469,336
------------ ------------- ---------- ------------
End of year $167,476,176 $ -- $4,966,550 $308,500,203
============ ============= ========== ============
</TABLE>
15
<PAGE>
NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1996
<TABLE>
<CAPTION>
IDS IDS FEDERAL IDS IDS MANAGED
DISCOVERY INCOME INTERNATIONAL ALLOCATION
FUND, INC. FUND, INC. FUND, INC. FUND
---------- ---------- ----------- -----------
<S> <C> <C> <C> <C>
ADDITIONS
Contributions:
Employer $ -- $ -- $ -- $ --
Employee 976,967 319,471 741,954 1,235,378
Investment income:
Interest & dividend income 737,570 64,880 289,382 1,049,685
Net appreciation
(depreciation) 270,067 (34,023) 78,017 (207,813)
Transfers from other plans -- -- 172,194 --
---------- ---------- ----------- -----------
Total additions 1,984,604 350,328 1,281,547 2,077,250
---------- ---------- ----------- -----------
DEDUCTIONS
Withdrawals and
terminations (333,243) (144,111) (265,816) (381,363)
Transfers to other plans (615,201) (266,103) (819,377) (1,131,281)
---------- ---------- ----------- -----------
Total deductions (948,444) (410,214) (1,085,193) (1,512,644)
---------- ---------- ----------- -----------
INCREASE (DECREASE)
BEFORE INTER-FUND
TRANSFERS 1,036,160 (59,886) 196,354 564,606
Inter-fund transfers 502,963 (98,896) (150,388) (1,499,221)
---------- ---------- ----------- -----------
NET INCREASE
(DECREASE) 1,539,123 (158,782) 45,966 (934,615)
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year 4,295,926 1,207,688 4,556,140 8,344,310
---------- ---------- ----------- -----------
End of year $5,835,049 $1,048,906 $ 4,602,106 $ 7,409,695
========== ========== =========== ===========
<CAPTION>
IDS NEW IDS
DIMENSIONS GROWTH
IDS MUTUAL FUND, INC. FUND, INC.
----------- ----------- -----------
<S> <C> <C> <C>
ADDITIONS
Contributions:
Employer $ -- $ -- $ --
Employee 1,112,764 2,751,585 197,670
Investment income:
Interest & dividend income 616,900 806,282 38,642
Net appreciation
(depreciation) 645,999 2,737,967 63,561
Transfers from other plans -- 884,727 --
----------- ----------- ----------
Total additions 2,375,663 7,180,561 299,873
----------- ----------- ----------
DEDUCTIONS
Withdrawals and
terminations (431,549) (828,338) (41,295)
Transfers to other plans (1,782,821) (2,175,529) --
----------- ----------- ----------
Total deductions (2,214,370) (3,003,867) (41,295)
----------- ----------- ----------
INCREASE (DECREASE)
BEFORE INTER-FUND
TRANSFERS 161,293 4,176,694 258,578
Inter-fund transfers (185,528) 2,849,704 1,365,553
----------- ----------- ----------
NET INCREASE
(DECREASE) (24,235) 7,026,398 1,624,131
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year 6,593,041 14,193,376 --
----------- ----------- ----------
End of year $ 6,568,806 $21,219,774 $1,624,131
=========== =========== ==========
(continued on next page)
</TABLE>
16
<PAGE>
NOTE 7. CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY ACCOUNT (CONTINUED)
<TABLE>
<CAPTION>
FOR THE YEAR ENDED DECEMBER 31, 1996
RHONE-POULENC
AMERICAN RORER INC.
IDS AIM TEMPLETON EXPRESS TRUST INTEREST
SELECTIVE CONSTELLATION FOREIGN EQUITY INDEX ACCUMULATION
FUND, INC. FUND, INC. FUND, INC. FUND I ACCOUNT
------------ ------------- -------------- ---------------- ---------------
<S> <C> <C> <C> <C> <C>
ADDITIONS
Contributions:
Employer $ -- $ -- $ -- $ -- $ --
Employee 11,008 219,032 104,680 1,699,611 3,416,209
Investment income:
Interest & dividend income 5,520 52,674 37,590 459,270 5,914,006
Net appreciation
(depreciation) 1,302 6,184 21,297 5,038,136 --
Transfers from other plans -- -- -- 152,302 894,111
---------- ----------- ----------- ------------ ------------
Total additions 17,830 277,890 163,567 7,349,319 10,224,326
---------- ----------- ----------- ------------ ------------
DEDUCTIONS
Withdrawals and
terminations -- (53,453) (14,260) (1,184,912) (7,659,012)
Transfers to other plans -- -- -- (3,302,159) (14,338,100)
---------- ----------- ----------- ------------ ------------
Total deductions -- (53,453) (14,260) (4,487,071) (21,997,112)
---------- ----------- ----------- ------------ ------------
INCREASE (DECREASE)
BEFORE INTER-FUND
TRANSFER 17,830 224,437 149,307 2,862,248 (11,772,786)
Inter-fund transfers 127,178 1,435,140 1,044,372 1,087,172 (779,354)
---------- ----------- ----------- ------------ ------------
NET INCREASE
(DECREASE) 145,008 1,659,577 1,193,679 3,949,420 (12,552,140)
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year -- -- -- 24,554,928 99,244,905
---------- ----------- ----------- ------------ ------------
End of year $ 145,008 $ 1,659,577 $ 1,193,679 $ 28,504,346 $ 86,692,765
========== =========== =========== ============ ============
</TABLE>
<TABLE>
<CAPTION>
RHONE-POULENC PARTICIPANTS'
RORER INC. PROMISSORY
COMMON STOCK NOTES COMBINED
ACCOUNT ACCOUNT ACCOUNTS
---------------- ---------------- -----------------
<S> <C> <C> <C>
ADDITIONS
Contributions:
Employer $ 5,999,573 $ -- $ 5,999,573
Employee 2,294,869 -- 15,081,198
Investment income: 953,316 366,177 11,391,894
Interest & dividend income
Net appreciation
(depreciation) 28,121,175 -- 36,741,869
Transfers from other plans -- 6,716 2,110,050
------------- ------------ ---------------
Total additions 37,368,933 372,893 71,324,584
------------- ------------ ---------------
DEDUCTIONS
Withdrawals and
terminations (3,593,714) -- (14,931,066)
Transfers to other plans (15,292,298) (1,926,075) (41,648,944)
------------- ------------ ---------------
Total deductions (18,886,012) (1,928,075) (56,580,010)
------------- ------------ ---------------
INCREASE (DECREASE)
BEFORE INTER-FUND
TRANSFER 18,482,921 (1,553,182) (14,744,574)
Inter-fund transfers (5,500,723) (197,972)(1) --
------------- ------------ -------------
NET INCREASE
(DECREASE) 12,982,198 (1,751,154) (14,744,574)
NET ASSETS AVAILABLE
FOR BENEFITS:
Beginning of year 74,372,307 7,362,143 244,724,762
------------- ------------ -------------
End of year $ 87,354,505 $ 5,610,989 $ 259,469,336
============= ============ =============
</TABLE>
(1) 1996 inter-fund transfers include new loan issued of $2,303,336 and
repayments of $2,014,457.
<PAGE>
NOTE 8. SUBSEQUENT EVENT
Effective March 1, 1998 employees were permitted to contribute up to 18% of
total compensation (includes base salary, overtime and short-term incentive
compensation, such as, bonus and commissions) subject to the IRS limitation of a
maximum of $10,000 for all before tax contributions for 1998. Rhone-Poulenc
Rorer's matching contribution was increased to 100% on up to the first 6% of
employee contributions. Rhone-Poulenc Rorer's match was made in American
Depository shares of Rhone-Poulenc S.A.
18
<PAGE>
SUPPLEMENTAL SCHEDULES
<PAGE>
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
LINE 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
<TABLE>
<CAPTION>
Party
in-interest Identity of Issue Description of Asset
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C>
* IDS Discovery Fund, Inc. (Class Y) Equity mutual fund
(894,765 units at $11.743 per unit)
* IDS Federal Income Fund, Inc. (Class Y) Fixed income mutual fund
(286,530 units at $5.056 per unit)
* IDS International Fund, Inc. (Class Y) Equity mutual fund
(381,478 units at $10.191 per unit)
* IDS Managed Allocation Fund (Class Y) Balanced mutual fund
(770,011 units at $10.955 per unit)
* IDS Mutual (Class Y) Balanced mutual fund
(669,320 units at $13.728 per unit)
* IDS New Dimensions Fund, Inc. (Class Y) Equity mutual fund
(1,405,552 units at $23.862 per unit)
* IDS Selective Fund, Inc. (Class Y) Equity mutual fund
(54,428 units at $9.180 per unit)
* IDS Growth Fund, Inc. (Class Y) Equity mutual fund
(348,451 units at $31.790 per unit)
N/A AIM Constellation Fund Equity mutual fund
(276,047 units at $26.380 per unit)
N/A Templeton Foreign Fund (Class II) Equity mutual fund
(442,673 units at $9.950 per unit)
* American Express Trust Equity Index Fund I Equity index fund
N/A Rhone-Poulenc Rorer Inc. Interest Pooled fund of guaranteed insurance contracts
Accumulation Account (Interest rates ranging from 5.53% to 9.06%;
mature at various dates from 1/30/98 to 1/13/06)
</TABLE>
<TABLE>
<CAPTION>
December 31, 1997
-----------------------
Cost Current Value
------------- -------------
<S> <C>
$ 11,081,869 $ 10,507,230
1,434,294 1,448,694
3,947,985 3,887,645
8,900,720 8,435,473
8,970,328 9,188,423
27,387,976 33,539,272
496,756 489,649
11,256,538 11,077,244
7,804,722 7,282,116
4,767,752 4,404,592
26,813,294 44,405,421
148,347,141 167,026,631
------------ ------------
$261,189,375 $301,702,390
============ ============
</TABLE>
* See the attached "Schedule of Reportable Transactions" for details of
transactions with parties-in-interest.
<PAGE>
RHONE-POULENC RORER EMPLOYEE SAVINGS PLAN
LINE 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
<TABLE>
<CAPTION>
FOR THE YEAR ENDED DECEMBER 31, 1997
Identity of Party Number of Net Purchase
Involved Description of Asset Transactions Price
- ----------------- ------------------- ------------ -------------
<S> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
FOR THE YEAR ENDED DECEMBER 31, 1997
Net Selling Current Net Gain
Price Cost Value or (Loss)
- ----------- ------- --------- -------------
<S> <C> <C> <C>
</TABLE>
(SEE AMERICAN EXPRESS TRUST REPORT ATTACHED)
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
APR SAVINGS PLAN PAGE 11
FROM 1/1/97 TO 12/31/197
ACCOUNT DNO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
BEGINNING MARKET VALUE 257,875,774.56
COMPARATIVE VALUE (5%) 12,893,766.73
- ---------------------- --------------
CATEGORY 1 - SINGLE TRANSACTION EXCEEDS 5% OF VALUE
ISSUE: 990008831 - APR POOLED STOCK FUND
10/09/97 $ 3,005,876 20.085 0 62,777,712 $ 33,992,037 28,785,675
ISSUE: 990008631 - APR POOLED STOCK FUND
10/10/97 $ 1,016,368 20.086 0 21,227,866 $ 11,493,631 9,734,235
ISSUE: 990008831 - APR POOLED STOCK FUND
12/04/97 $ 938,657 20.903 0 19,620,742 $ 10,665,752 8,954,990
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
10/09/97 $ 4,335,087 14.479 0 62,767,728 $ 62,767,728
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
10/10/97 $ 1,535,410 14.481 0 22,234,267 $ 22,234,267
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
12/04/97 $ 1,295,628 14.627 0 18,951,144 $ 18,951,144
GRAND TOTAL 0 207,579,459 160,104,559 47,474,900
CATEGORY 2 - SERIES OF TRANSACTIONS WITH SAME BROKER EXCEEDS 5% OF VALUE
BROKER: NO BROKER
ISSUE: 990008831 - APR POOLED STOCK FUND
01/02/97 $ 4,920 16.870 0 62,994 $ 50,238 32,756
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/02/97 $ 8,741 13.710 0 119,915 $ 119,915
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/03/97 $ 15,205 13.723 0 208,659 $ 163,784 44,875
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE C INFORMATION - PART V
REPORTABLE TRANSACTIONS
APR SAVINGS PLAN PAGE 12
FROM 1/1/97 TO 12/31/197
ACCOUNT DNO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - APR POOLED STOCK FUND
01/03/97 $ 2,842 16.762 0 47,644 29,026 18,618
ISSUE: 990008831 - APR POOLED STOCK FUND
01/06/97 $ 12,768 16.627 0 212,296- 212,296
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/06/97 $ 20,423 13.726 0 280,329 219,992 60,336
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/07/97 $ 8,965 13.734 0 123,122- 123,122
ISSUE: 990008831 - APR POOLED STOCK FUND
01/07/97 $ 11,129 16.654 0 185,340 113,823 71,517
ISSUE: 990008831 - APR POOLED STOCK FUND
01/08/97 $ 4,009 16.196 0 64,925- 64,925
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/08/97 $ 5,828 13.737 0 80,066 62,607 17,259
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/09/97 $ 4,280 13.740 0 50,813- 50,813
ISSUE: 990008831 - APR POOLED STOCK FUND
01/09/97 $ 3,466 15.900 0 55,424 35,668 19,756
ISSUE: 990008831 - APR POOLED STOCK FUND
01/10/97 $ 10,779 15.846 0 170,805- 170,805
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/10/97 $ 12,120 13.743 0 166,550 130,693 35,935
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/13/97 $ 7,417 13.745 0 101,950 79,943 22,007
ISSUE: 990008831 - APR POOLED STOCK FUND
01/13/97 $ 8,783 15.954 0 140,124- 140,124
ISSUE: 990008831 - APR POOLED STOCK FUND
01/14/97 $ 4,039 15.954 0 64,433- 64,433
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/14/97 $ 845 13.754 0 11,622 9,107 2,515
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/15/97 $ 14,996 13.756 0 206,280 161,622 44,658
ISSUE: 990008831 - APR POOLED STOCK FUND
01/15/97 $ 10,453 16.195 0 169,280- 169,280
ISSUE: 990008831 - APR POOLED STOCK FUND
01/16/97 $ 3,460 16.141 0 55,847 15,534 20,312
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/16/97 $ 10,481 13.759 0 144,241 112,990 31,252
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/17/97 $ 19,911 13.761 0 273,991- 273,991
ISSUE: 990008831 - APR POOLED STOCK FUND
01/17/97 $ 38,152 16.195 0 617,869- 617,869
ISSUE: 990008831 - APR POOLED STOCK FUND
01/20/97 $ 4,639 16.329 0 75,742 47,840 27,902
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
Financial APR SAVINGS PLAN PAGE 13
Advisors FROM 1/1/97 TO 12/31/1997
ACCOUNT DNO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/20/97 B 2,246 13.764 0 30,913 30,913
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/21/97 S 6,901 13.772 0 95,066 74,471 20,594
ISSUE: 990008831 - APR POOLED STOCK FUND
01/21/97 S 13,473 16.382 0 220,718 138,957 21,760
ISSUE: 990008831 - APR POOLED STOCK FUND
01/22/97 S 4,249 16.382 0 69,605 43,821 25,764
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/22/97 S 6,648 13.775 0 91,575 71,721 19,854
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/23/97 S 9,060 13.777 0 124,817 97,742 27,085
ISSUE: 990008831 - APR POOLED STOCK FUND
01/23/97 B 519 16.436 0 8,526 8,526
ISSUE: 990008831 - APR POOLED STOCK FUND
01/24/97 S 11,039 16.517 0 102,327 113,856 66,471
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/24/97 B 1,021 13.780 0 14,096 14,098
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/27/97 B 14,815 13.783 0 200,189 204,189
ISSUE: 990008831 - APR POOLED STOCK FUND
01/27/97 S 26,074 16.409 0 427,850 268,935 150,815
ISSUE: 990008831 - APR POOLED STOCK FUND
01/28/97 B 39,152 15.461 0 605,329 605,329
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/28/97 S 40,904 13.790 0 564,066 441,605 122,462
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/29/97 S 24,874 13.793 0 343,092 266,547 74,546
ISSUE: 990008831 - APR POOLED STOCK FUND
01/29/97 B 17,747 15.434 0 278,914 273,914
ISSUE: 990008831 - APR POOLED STOCK FUND
01/30/97 B 16,488 15.779 0 259,535 239,335
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/30/97 S 27,193 13.796 0 375,960 291,583 81,577
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
01/31/97 B 3,403 13.796 0 46,952 46,952
ISSUE: 990008831 - APR POOLED STOCK FUND
01/31/97 S 5,760 15.914 0 91,670 59,835 31,899
ISSUE: 990008831 - APR POOLED STOCK FUND
02/03/97 S 21,129 16.239 0 343,116 279,477 123,640
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/03/97 B 16,352 13.801 0 233,282 253,282
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/04/97 S 3,129 13.809 0 41,215 33,819 8,396
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPN SAVINGS PLAN
FROM 1/1/97 TO 12/31/97 PAGE 14
ACCOUNT DNO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - APR POOLED STOCK FUND
02/04/97 B 1,635 16.130 0 26,371 16,982 9,308
ISSUE: 990008831 - APR POOLED STOCK FUND
02/05/97 B 7,541 16.265 0 122,654- 122,654
ISSUE: 990008896 - APR INTEREST ACCUMULATION FUND
02/05/97 B 13,695 13.812 0 189,028 147,898 41,130
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/06/97 B 7,671 13.814 0 105,963 82,895 23,068
ISSUE: 990008831 - APR POOLED STOCK FUND
02/06/97 B 910 15.780 0 14,363 9,462 4,901
ISSUE: 990008831 - APR POOLED STOCK FUND
02/07/97 B 6,365 15.727 0 100,102 66,170 53,932
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/07/97 B 6,351 13.677 0 87,775- 87,775
ISSUE: APR INTEREST ACCUMULATION FUND
02/10/97 S 5,071 13.819 0 70,070 54,811 15,258
ISSUE: 990008831 - APR POOLED STOCK FUND
02/10/97 B 89 15.700 0 1,390 921 470
ISSUE: 990005631 - APR POOLED STOCK FUND
02/11/97 B 4,946 15.861 0 78,446- 78,446
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/11/97 B 41,670 13.627 0 576,167 450,442 125,725
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/12/97 B 1,535 13.830 0 21,235 16,598 4,637
ISSUE: 990008831 - APR POOLED STOCK FUND
02/12/97 B 666 15.796 0 10,515 6,924 3,591
ISSUE: 990008831 - APR POOLED STOCK FUND
02/13/97 B 48,150 15.910 0 767,150- 767,150
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/13/97 B 17,483 18.833 0 241,842- 241,842
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/14/97 B 6,563 13.835 0 90,794- 90,794
ISSUE: 990008831 - PRP POOLED STOCK FUND
02/14/97 B 9,970 16.330 0 162,815 104,208 58,607
ISSUE: 990008831 - APR POOLED STOCK FUND
02/15/97 B 602 16.035 0 9.653 6,291 3,362
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/18/97 B 16,727 13.838 0 231,472 181,617 50,455
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
02/19/97 B 7,729 13.649 0 107,036 63,639 23,396
ISSUE: 990008831 - APR POOLED STOCK FUND
02/19/97 B 2,291 16.223 0 37,164- 37,164
ISSUE: 990008831 - APR POOLED STOCK FUND
02/20/97 B 2,948 16.250 0 47,909 30,822 17,087
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
Financial RPR SAVINGS PLAN PAGE 15
Advisors FROM 1/1/97 TO 12/3197 ACCOUNT DMO.143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------ -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008698 - RPR INTEREST ACCUMULATION FUND
02/20/97 B 7,966 13.851 0 110,330 86,200 24,130
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
02/21/97 B 8,354 13.854 0 115,739- 175,739
ISSUE: 990008831 - RPR POOLED STOCK FUND
02/21/97 S 4,867 15.954 0 77,644 50,879 26,765
ISSUE: 990008831 - RPR POOLED STOCK FUND
02/24/97 S 1,970 15.981 0 31,478 20,592 10,886
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
02/24/97 S 7,002 13.857 0 97,030 75,805 21,225
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
02/25/97 S 1,480 13.865 0 20,523 16,024 4,499
ISSUE: 990008831 - RPR POOLED STOCK FUND
02/25/97 S 3,510 16.008 0 56,188 36,695 19,493
ISSUE: 990008831 - RPR POOLED STOCK FUND
02/26/97 S 496 15.927 0 7,898 5,184 2,714
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
02/26/97 S 5,722 13.867 0 79,347 61,945 17,402
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
02/27/97 S 16,846 13.870 0 233,649 182,368 51,281
ISSUE: 990008831 - RPR POOLED STOCK FUND
02/27/97 B 10,256 15.604 0 160,029- 160,029
ISSUE: 990008631 - RPR POOLED STOCK FUND
02/28/97 S 937 15.416 0 14,450 9,808 4,641
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
02/28/97 S 5,793 13.873 0 80,369 62,716 17,653
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/03/97 B 1,747 13.875 0 24,238- 24,238
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/03/97 S 1,581 15.321 0 24,218 16,576 7,641
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/04/97 B 298 15.214 0 4,527- 4,527
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/04/97 S 14,437 13.883 0 200,435 156,310 44,125
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/05/97 S 5,617 13.886 0 78,004 60,819 17,186
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/05/97 B 4,475 15.268 0 68,323- 68,323
ISSUE: 990008631 - RPR POOLED STOCK FUND
03/06/97 S 120 15.376 0 1,850 1,262 588
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/06/97 B 335 13.889 0 4,653- 4,653
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/07/97 B 1,276 13.891 0 17,726- 17,726
</TABLE>
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 16
FROM 1/1/97 TO 12/31/97
ACCOUNT DNO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/07/97 S 1,153 15.322 0 17,669 12,097 5,572
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/10/97 B 16,891 15.564 0 262,896- 262,896
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/10/97 S 18,358 13.894 0 253,060 196,767 56,293
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/11/97 S 7,926 13.902 0 110,191 85,621 24,369
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/11/97 S 4,170 15.698 0 65,457 43,810 21,647
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/12/97 B 42,748 15.994 0 683,711- 683,711
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/12/97 B 19,110 13.905 0 265,718- 265,718
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/11/97 B 2,278 13.907 0 31,674- 31,674
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/13/97 S 11,319 16.048 0 181,654 119,428 62,227
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/14/97 S 6,135 16.021 0 98,292 64,730 33,562
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/14/97 B 4,613 13.910 0 64,163- 64,163
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/17/97 B 16,232 13.913 0 225,829- 225,829
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/17/97 S 20,902 16.372 0 342,206 220,529 121,677
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/18/97 S 33,697 16.399 0 552,596 355,525 197,071
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/18/97 B 33,484 13.921 0 466,130- 466,130
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/19/97 S 1,492 13.921 0 20,773 16,212 4,561
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/19/97 S 10,767 16.073 0 173,055 111,597 59,458
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/20/97 B 4,188 16.073 0 67,314- 67,314
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/20/97 S 5,911 13.926 0 82,314 64,226 18,088
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/21/97 B 35,876 13.929 0 499,711- 499,711
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/21/97 S 4,209 15.992 0 67,305 44,423 22,882
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/24/97 S 13,221 15.939 0 210,726 139,546 71,180
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
Financial RPN SAVINGS PLAN
Advisors FROM 1/1/97 TO 12/31/97 PAGE 17
ACCOUNT DHO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/24/97 B 16.009 13.931 0 223,026- 223,026
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/25/97 B 2.597 13.939 0 36,197- 36,197
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/25/97 S 6.369 16.019 0 102,027 67,227 34,800
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/26/97 S 6.496 16.288 0 105,811 60,568 37,242
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/26/97 B 159 13.942 0 2,216- 2,216
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
03/31/97 S 372 13.947 0 5,195 4,057 1,137
ISSUE: 990008831 - RPR POOLED STOCK FUND
03/31/97 8.225 16.207 0 133,301 86,815 46,487
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/01/97 S 11.212 15.965 0 178,995 118,341 60,659
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/01/97 S 12.841 13.958 0 179,241- 179,241
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/02/97 B 31.995 13.961 0 446,678- 446,678
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/02/97 S 21.298 15.965 0 340,021 224,801 115,228
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/03/97 S 3.258 15.642 0 50,955 34,384 16,571
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/03/97 S 4.788 13.963 0 66,851 52,259 14,592
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/04/97 S 5.121 13.966 0 71,521 55,898 15,623
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/04/97 S 10.496 15.050 0 157,962 110,784 47,178
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/07/97 B 4.449 15.050 0 66,960- 66,960
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/07/97 S 3.091 13.969 0 43,176 33,738 9,439
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/08/97 S 10.600 13.977 0 148,154 115,700 32,454
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/08/97 B 785 15.077 0 11,828- 11,828
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/09/97 B 44.346 15.050 0 667,411- 667,411
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/09/97 B 21.231 13.980 0 296,810- 296,810
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/10/97 S 4.318 13.982 0 60,380 47,182 13,198
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL RPN SAVINGS PLAN
ADVISORS FROM 1/1/97 TO 12/31/97 PAGE 18
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/10/97 B 886 15.050 0 13,329- 13,329
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/11/97 S 11,316 15.104 0 170,922 119,938 50,984
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/11/97 B 10,863 13.985 0 151,913- 151,913
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/14/97 S 1,793 13.988 0 25,084 19,602 5,482
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/14/97 B 137 14.835 0 2,027- 2,027
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/15/97 S 33,662 14.755 0 499,925 359,105 140,620
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/15/97 B 31,366 13.996 0 438,998- 438,998
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/16/97 S 16,130 13.999 0 225,807 176,570 49,237
ISSUE: 990008833 - RPR POOLED STOCK FUND
04/16/97 B 595 14.890 0 8,864- 8,864
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/17/97 S 34,125 14.997 0 511,766 511,766
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/17/97 S 36,530 14.001 0 511,462 399,880 111,381
ISSUE: 990008898 - RPR POOLED STOCK FUND
04/18/97 B 10,803 14.004 0 8,864 8,864 33,031
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/18/97 S 7,834 14.917 0 511,462 83,256 33,597
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/21/97 S 4,605 14.863 0 68,447 48,945 19,502
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/21/97 S 12,850 14.007 0 179,995 140,667 39,320
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/22/97 B 6,019 14.015 0 84,360- 84,360
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/22/97 S 4,150 14.783 0 61,355 44,111 17,244
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/23/97 B 3,342 14.729 0 49,224- 49,224
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/23/97 S 5,086 14.017 0 71,297 55,694 15,603
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
04/24/97 B 8,404 14.020 0 117,824- 117,824
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/24/97 S 12,040 14.810 0 178,306 127,991 50,315
ISSUE: 990008831 - RPR POOLED STOCK FUND
04/25/97 S 22,741 15.297 0 347,871 241,757 106,114
</TABLE>
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
APR SAVINGS PLAN PAGE 19
FROM 1/1/97 TO 12/31/197
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
04/25/97 B 17,464 14.023 0 244,901- 244,901
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
04/28/97 S 59,021 14.025 0 827,767 647,009 180,758
ISSUE: 990008831 - APR POOLED STOCK FUND
04/28/97 B 26,555 15.324 0 406,927- 406,927
ISSUE: 990008831 - APR POOLED STOCK FUND
04/29/97 B 91 15.136 0 1,380- 1,380
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
04/29/97 B 450 14.033 0 6,312- 6,312
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
04/30/97 S 3,994 14.016 0 56,053 43,779 12,274
ISSUE: 990008831 - APR POOLED STOCK FUND
04/30/97 S 1,733 15.404 0 26,700 18,469 8,232
ISSUE: 990008831 - APR POOLED STOCK FUND
05/01/97 B 1,643 15.565 0 25,577- 25,577
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/01/97 S 2,070 14.039 0 29,056 22,689 6,367
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/02/97 S 513 14.042 0 7,205 5,625 1,580
ISSUE: 990008831 - APR POOLED STOCK FUND
05/02/97 S 10,166 15.511 0 157,690 108,138 49,352
ISSUE: 990008831 - APR POOLED STOCK FUND
05/05/97 B 9,690 15.753 0 58,125- 58,125
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/05/97 S 4,753 14.044 0 66,751 52,105 14,646
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/06/97 S 3,441 14.052 0 48,354 37,723 10,631
ISSUE: 990008831 - APR POOLED STOCK FUND
05/06/97 S 743 15.942 0 11,848 7,922 3,925
ISSUE: 990008831 - APR POOLED STOCK FUND
05/07/97 S 19,500 16.211 0 316,113 207,873 108,240
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/07/97 B 27,500 14.055 0 387,753- 387,753
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/08/97 B 24,955 14.050 0 350,822- 350,822
ISSUE: 990008831 - APR POOLED STOCK FUND
05/08/97 B 35,412 16.064 0 568,854- 568,854
ISSUE: 990008831 - APR POOLED STOCK FUND
05/12/97 S 4,209 15.796 0 66,492 45,029 21,463
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/12/97 B 4,059 14.063 0 57,088- 57,088
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/13/97 B 2,981 14.071 0 41,939- 41,939
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL RPR SAVINGS PLAN
ADVISORS FROM 1/1/97 TO 12/31/97 PAGE 20
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/13/97 B 2,615 15.930 0 41,621- 41,621
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/14/97 S 4,248 16.011 0 68,012 45,451 22,561
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/14/97 B 3,533 14,074 0 49,728- 49,728
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/15/97 B 6,121 14.076 0 86,156- 86,156
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/15/97 S 8,393 16.253 0 136,405 89,799 46,606
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/16/97 S 11,621 16.442 0 191,070 124,341 66,730
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/16/97 B 2,467 14.079 0 34,736- 34,736
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/19/97 B 9,638 14.082 0 135,719- 135,719
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/19/97 S 13,432 16.415 0 220,492 143,723 76,769
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/20/97 S 5,804 16.333 0 94,789 62,096 32,693
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/20/97 S 11,265 14.090 0 158,725 123,954 34,771
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/21/97 B 3,610 14.093 0 50,881- 50,881
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/21/97 S 4,608 16.333 0 75,260 49,303 25,957
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/22/97 B 1,384 16.683 0 23,094- 23,094
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/22/97 S 5,130 14.095 0 72,310 56,459 15,851
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/23/97 B 10,417 14.098 0 146,866- 146,866
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/23/97 S 10,341 16.467 0 170,279 110,659 59,620
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/27/97 S 5,797 16.575 0 96,092 62,040 34,052
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/27/97 B 7,267 14.101 0 102,466- 102,466
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
05/28/97 S 3,033 14.112 0 42,602 33,405 9,396
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/28/97 S 3,574 16.360 0 58,478 38,251 20,226
ISSUE: 990008831 - RPR POOLED STOCK FUND
05/29/97 S 7,377 16.064 0 118,499 78,941 39,559
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL APN SAVINGS PLAN
ADVISORS FROM 1/1/97 TO 12/31/97 PAGE 21
ACCOUNT DHO 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/29/97 S 22,936 14.114 0 322,304 251,513 70,791
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/30/97 S 4,342 14.117 0 61,300 47,826 13,474
ISSUE: 990008898 - APR POOLED STOCK FUND
05/30/97 B 7,633 16.252 0 29,785- 29,785
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/02/97 B 2,624 14.120 0 37,045- 37,045
ISSUE: 99008831 - APR POOLED STOCK FUND
06/02/97 B 2,262 16.234 0 37,045 24,475 12,569
ISSUE: 990008831 - APR POOLED STOCK FUND
06/03/97 B 1,246 16,183 0 20,000- 20,000
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/03/97 S 1,416 14.126 0 20,000 15,394 4,406
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/04/97 B 6,844 14.131 0 96,719- 96,719
ISSUE: 990008831 - APR POOLED STOCK FUND
06/04/97 S 6,726 16.397 0 110,289 72,161 38,128
ISSUE: 990008831 - APR POOLED STOCK FUND
06/05/97 S 26,456 16.773 0 443,754 289,836 159,918
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/05/97 B 30,521 14.133 0 431,350- 431,350
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/06/97 B 17,445 14.136 0 246,597- 246,597
ISSUE: 990008831 - APR POOLED STOCK FUND
06/06/97 S 21,232 16.962 0 360,130 227,782 232,349
ISSUE: 990008831 - APR POOLED STOCK FUND
06/09/97 B 24,764 16.854 0 417,370- 417,370
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/09/97 B 40,045 14.139 0 566,202- 564,202
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/10/97 B 10,252 14.147 0 145,033 193,473 31,621
ISSUE: 990008831 - APR POOLED STOCK FUND
06/10/97 B 1,624 17.015 0 27,632 17,471 10,161
ISSUE: 99008831 - APR POOLED STOCK FUND
06/11/97 S 10,327 17.015 0 175,706 111,095 64,611
ISSUE: 990008898 - APR INTEREST ACCUMULATIUON FUND
06/11/97 B 7,222 14.150 0 102,166- 102,166
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/12/97 B 3,753 14.152 0 52,112- 53,112
ISSUE: 990008831 - APR POOLED STOCK FUND
06/12/97 S 7,102 16.961 0 120,435 76,403 44,052
ISSUE: 990008831 - APR POOLED STOCK FUND
06/13/97 B 373 17.230 0 6,432- 6,432
</TABLE>
<PAGE>
SCHEDULE C INFORMATION - PART V
REPORTABLE TRANSACTIONS
APR SAVINGS PLAN PAGE 22
FROM 1/1/97 TO 12/31/197
ACCOUNT DNO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/13/97 B 12,063 14.155 0 182,070 142,364 39,706
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/16/97 S 9,077 14.150 0 139,892- 139,892
ISSUE: 990008831 - APR POOLED STOCK FUND
06/16/97 B 36,676 17.455 0 639,818 394,588 245,230
ISSUE: 990008831 - APR POOLED STOCK FUND
06/17/97 S 14,527 16.444 0 238,890- 238,890
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/17/97 B 16,490 14.166 0 262,042 204,827 57,215
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/18/97 B 13,061 14.169 0 185,058 144,621 40,437
ISSUE: 990008831 - APR POOLED STOCK FUND
06/18/97 B 3,011 16.977 0 51,110 32,438 18,671
ISSUE: 990008831 - APR POOLED STOCK FUND
06/19/97 B 7,068 16.977 0 119,995 76,159 43,837
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/19/97 S 1,555 14.171 0 22,037- 22,037
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/20/97 B 1,300 14.174 0 18,427 14,397 4,031
ISSUE: 990008831 - APR POOLED STOCK FUND
06/20/97 B 3,676 17.031 0 62,602 39,606 22,996
ISSUE: 990008831 - APR POOLED STOCK FUND
06/23/97 B 14,958 17.245 0 257,945 161,169 86,776
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/23/97 S 5,871 14.177 0 83,268- 83,268
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
06/24/97 S 950 14.185 0 13,476- 13,476
ISSUE: 990008831 - APR POOLED STOCK FUND
06/24/97 B 9,535 17.057 0 162,640 102,741 59,900
ISSUE: 990008831 - APR POOLED STOCK FUND
06/25/97 B 7,344 17.192 0 126,254 79,129 47,125
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/25/97 S 1,820 14.185 0 25,824- 25,824
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/26/97 S 8,820 14.190 0 125,161- 125,161
ISSUE: 990008831 - APR POOLED STOCK FUND
05/26/97 B 6,344 17.125 0 108,636 68,354 40,283
ISSUE: 990008831 - APR POOLED STOCK FUND
05/27/97 S 73,140 19.622 0 1,435,150- 1,435,150
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/27/97 B 80,058 14.193 0 1,136,266 887,237 249,029
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
05/30/97 B 17,677 14.196 0 250,949 195,908 55,040
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL APR SAVINGS PLAN
ADVISORS FROM 1/1/97 TO 12/31/97 PAGE 23
ACCOUNT DHO 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - APR POOLED STOCK FUND
06/30/97 B 10,345 19.622 0 595,431- 595,431
ISSUE: 990008831 - APR POOLED STOCK FUND
07/01/97 B 13,543 19.569 0 265,020- 265,020
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/01/97 S 14,761 14.204 0 209,661 183,584 46,077
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/02/97 S 8,191 14.207 0 116,374 90,780 25,595
ISSUE: 990008831 - APR POOLED STOCK FUND
07/02/97 S 5,971 19.635 0 117,248 65,547 51,700
ISSUE: 990008831 - APR POOLED STOCK FUND
07/03/97 S 8,816 16.807 0 174,616 96,771 77,845
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/03/97 B 10,903 14.209 0 154,923- 154,923
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/07/97 S 3,863 14.212 0 55,188 43,057 12,131
ISSUE: 990008831 - APR POOLED STOCK FUND
07/07/97 B 3,382 20.021 0 67,714- 67,714
ISSUE: 990008831 - APR POOLED STOCK FUND
07/08/97 S 3,255 20.048 0 65,265 15,734 29,511
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/08/97 B 21,175 14.223 0 101,176- 101,176
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/09/97 S 2,541 14.226 0 36,184 28,230 7,954
ISSUE: 990008831 - APR POOLED STOCK FUND
07/09/97 B 4,028 20.155 0 81,184- 81,184
ISSUE: 990008831 - APR POOLED STOCK FUND
07/10/97 B 985 20.115 0 19,803- 19,803
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/10/97 S 4,740 14.228 0 67,448 52,634 14,834
ISSUE: 990008898 - ARP INTERST ACCUMULATION FUND
07/11/97 B 5,540 14.231 0 78,836- 78,836
ISSUE: 990008831 - APR POOLED STOCK FUND
07/11/97 B 41,697 20.162 0 841,583- 841,583
ISSUE: 990008831 - APR POOLED STOCK FUND
07/14/97 S 3,267 20.169 0 65,902 16,159 29,743
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/14/97 B 145 14.234 0 2,059- 2,059
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/15/97 B 1,859 14.242 0 26,471- 26,471
ISSUE: 990008831 - APR POOLED STOCK FUND
07/15/97 S 5,292 20.128 0 106,518 58,562 47,954
ISSUE: 990008831 - APR POOLED STOCK FUND
07/16/97 B 4,568 20.142 0 91,962- 91,962
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL APN SAVINGS PLAN
ADVISORS FROM 1/1/97 TO 12/31/97 PAGE 24
ACCOUNT DHO 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/16/97 S 11,326 14.245 0 161,461 125,659 35,622
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/17/97 S 19,824 14.248 0 282,449 220,096 62,354
ISSUE: 990008831 - APR POOLED STOCK FUND
07/17/97 S 9,455 20,142 0 69,593 38,263 31,990
ISSUE: 990008831 - APR POOLED STOCK FUND
07/18/97 S 11,972 14.250 0 170,600 132,920 37,680
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/21/97 S 7,673 14.253 0 109,367 85,209 24,178
ISSUE: 990008831 - APR POOLED STOCK FUND
07/21/97 S 89 19,981 0 1,771 982 789
ISSUE: 990008831 - APR POOLED STOCK FUND
07/22/97 S 3,595 19.927 0 71,629 39,626 91,801
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/22/97 S 13,461 34,261 0 191,995 749,474 42,521
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/23/97 S 23,257 14.264 0 931,731 238,208 73,523
ISSUE: 990008831 - APR POOLED STOCK FUND
07/23/97 S 1,078 20.182 0 21,753 11,943 9,811
ISSUE: 990008831 - APR POOLED STOCK FUND
07/24/97 S 1,616 20.169 0 32,597 17,907 14,689
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/24/97 S 9,673 14.267 0 137,153 106,732 30,420
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/25/97 S 13,439 14.270 0 191,779 149,21 42,568
ISSUE: 990008831 - APR POOLED STOCK FUND
07/25/97 B 1,245 20.102 0 25,035- 25,035
ISSUE: 990008831 - APR POOLED STOCK FUND
07/26/97 2,630 20.154 0 57,051 31,968 25,683
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/28/97 S 5,403 14.272 0 77,107 59,984 17,123
ISSUE: 990008898 = APR INTEREST ACCUMULATION FUND
07/29/97 B 11,337 14.281 0 161,903- 161,903
ISSUE: 990008831 - APR POOLED STOCK FUND
07/29/97 S 362 20.223 0 7,731 4,236 3,494
ISSUE: 990008831 - APR POOLED STOCK FUND
07/30/97 S 946 20.276 0 79,187 10,487 8,700
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/30/97 S 2,322 14.283 0 33,158 23,789 7,970
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
07/31/97 S 19,327 14.286 0 276,106 274,695 61,410
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE C INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL RPR SAVINGS PLAN PAGE 25
ADVISORS FROM 1/1/97 TO 12/31/97
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - RPR POOLED STOCK FUND
07/31/97 S 8,030 20.303 0 163,033 88,990 74,043
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/01/97 B 6,353 20.330 0 129,147- 129,147
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/01/97 S 13,551 14.289 0 193,626 150,529 43,097
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/04/97 S 6,651 14.292 0 95,055 73,882 21,173
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/04/97 S 3,743 20.397 0 76,336 41,518 34,818
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/05/97 B 7,843 20.370 0 159,764- 159,764
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/05/97 B 10,339 14.300 0 147,842- 147,842
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/06/97 S 10,533 14.305 0 150,650 117,062 33,589
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/06/97 B 134 20.652 0 2,763- 2,763
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/07/97 B 3,909 20.531 0 80,246- 80,246
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/07/97 S 3,481 14.305 0 49,795 38,687 11,107
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/08/97 S 4,235 14.308 0 60,599 47,072 13,527
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/08/97 B 1,303 20.626 0 26,873- 26,873
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/11/97 B 3,040 20.519 0 78,795- 78,795
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/11/97 S 5,500 14.311 0 78,713 61,130 17,584
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/12/97 B 12,442 14.319 0 178,160- 178,160
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/12/97 B 35,436 20.573 0 729,022- 729,022
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/13/97 S 5,621 20.586 0 115,710 62,892 52,818
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/13/97 S 2,480 14.322 0 35,514 27,576 7,938
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/14/97 S 3,239 14.325 0 46,393 36,016 10,378
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/14/97 S 5,488 20.626 0 113,204 61,410 51,793
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/15/97 B 3,373 20.640 0 69,619- 69,619
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL RPR SAVINGS PLAN
ADVISORS FROM 1/1/97 TO 12/31/97 PAGE 26
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/15/97 S 28,141 14.327 0 403,176 312,947 98,229
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/18/97 S 3,407 14.330 0 48,826 37,891 10,935
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/18/97 S 177 20.465 0 3,625 1,983 1,642
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/19/97 B 639 20.425 0 17,137- 17,137
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/19/97 S 4,713 14.338 0 67,575 52,412 15,163
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/20/97 S 9,923 14.341 0 142,310 110,354 91,956
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/20/97 B 11,995 20.586 0 246,923- 246,923
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/21/97 S 11,013 20.747 0 228,486 123,549 104,937
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/21/97 S 17,897 14.344 0 256,710 199,023 57,687
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/22/97 S 535 14,347 0 7,672 5,947 1,725
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/22/97 S 14,578 20.747 0 302,452 163,544 138,908
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/25/97 B 6,674 20.747 0 179,953 97,305 52,647
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/25/97 S 3,254 14.349 0 46,691 36,157 10,505
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/26/97 B 1,304 14.358 0 18,728 14,505 4,223
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/26/97 S 2,213 20.747 0 45,913 24,826 21,086
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/27/97 B 93 20.760 0 1,941- 1,941
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/27/97 S 1,540 14.360 0 22,117 17,120 4,989
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/28/97 B 6,029 14.363 0 98,079- 98,079
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/28/97 S 6,654 20.801 0 138,416 74,652 62,784
ISSUE: 990008831 - RPR POOLED STOCK FUND
08/29/97 B 6,050 20.787 0 125,769 67,877 57,692
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
08/29/97 B 1,165 14.366 0 16,741- 16,741
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/02/97 B 1,635 14.369 0 26,371- 26,371
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL APR SAVINGS PLAN
ADVISORS FROM 1/1/97 TO 12/31/97 PAGE 27
ACCOUNT DHO 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ------- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - APR POOLED STOCK FUND
09/02/97 S 670 20.732 0 13,901 7,543 6,198
ISSUE: 990008831 - APR POOLED STOCK FUND
09/03/97 S 2,001 20.732 0 41,486 22,512 18,974
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/03/97 S 30,868 14.380 0 443,876 343,435 100,441
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/04/97 B 6,785 14.382 0 97,581- 97,581
ISSUE: 990008831 - APR POOLED STOCK FUND
09/04/97 S 16,340 20.746 0 338,995 183,829 155,168
ISSUE: 990008831 - APR POOLED STOCK FUND
09/05/97 S 3,102 20.759 0 64,394 34,897 29,497
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/05/97 S 296 14.385 0 4,265 3,300 985
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/08/97 S 625 14.386 0 8,999 8,999
ISSUE: 990008831 - APR POOLED STOCK FUND
09/08/97 S 14,775 20.786 0 507,112 166,218 140,894
ISSUE: 990008831 - APR POOLED STOCK FUND
09/09/97 S 645 20.759 0 13,567 7,255 6,132
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/09/97 S 1,201 14.396 0 17,269 18,367 3,922
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/10/97 B 11,290 14.399 0 162,571- 162,571
ISSUE: 990008831 - APR POOLED STOCK FUND
09/10/97 B 31,391 20.745 0 651,210- 651,210
ISSUE: 990008831 - APR POOLED STOCK FUND
09/11/97 S 2,793 20.745 0 57,936 31,580 26,356
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/11/97 S 180 14.402 0 2,507 2,000 587
ISSUE: 990008898 - ARP INTERST ACCUMULATION FUND
09/12/97 S 9,775 20.745 0 140,807 108,897 31,950
ISSUE: 990008831 - APR POOLED STOCK FUND
09/12/97 S 1,382 20.745 0 70,151 38,241 31,913
ISSUE: 990008831 - APR POOLED STOCK FUND
09/15/97 S 23,668 20.772 0 491,637 267,636 224,001
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/15/97 B 28,049 14.407 0 404,102- 404,102
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/16/97 B 8,841 14.416 0 127,459- 127,459
ISSUE: 990008831 - APR POOLED STOCK FUND
09/16/97 S 19,724 20.759 0 409,450 223,035 186,415
ISSUE: 990008898 - APR INTEREST ACCUMULATION FUND
09/17/97 S 1,783 14.418 0 16,129 12,635 3,694
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL RPR SAVINGS PLAN PAGE 28
ADVISORS FROM 1/1/97 TO 12/31/97
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/18/97 S 2,912 14.421 0 42,000 32,493 9,507
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/19/97 S 3,305 14.424 0 47,762 36,873 10,799
ISSUE: 990008831 - RPR POOLED STOCK FUND
09/19/97 B 378 20.799 0 7,860- 7,860
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/22/97 S 13,326 14.427 0 192,248 148,669 43,579
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/23/97 S 6,512 14.435 0 94,000 72,652 21,348
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/24/97 S 370 14.438 0 5,337 4,124 1,213
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/25/97 S 5,742 14.441 0 82,914 64,057 18,857
ISSUE: 990008831 - RPR POOLED STOCK FUND
09/25/97 B 10 20.813 0 208- 208
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/26/97 S 405 14.443 0 7,000 5,407 1,593
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/29/97 S 168 14.446 0 2,425 1,873 552
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
09/30/97 S 4,763 14.455 0 68,854 53,143 15,711
ISSUE: 990008831 - RPR POOLED STOCK FUND
09/30/97 S 10 20.839 0 209 115 95
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/01/97 B 23 14.457 0 138- 138
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/02/97 B 403 14.460 0 5,828- 5,828
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/03/97 S 3,457 14.463 0 50,000 38,571 11,429
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/06/97 S 21,006 14.466 0 303,667 234,158 69,510
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/07/97 S 128 14.474 0 1,846 1,423 423
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/08/97 B 20,501 14.477 0 296,797 228,731 68,066
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/09/97 B 4,335,087 14.479 0 62,767,728- * 62,767,728
ISSUE: 990008831 - RPR POOLED STOCK FUND
10/09/97 S 1,005,876 20.885 0 62,777,712 * 33,992,037 28,785,675
ISSUE: 990008831 - RPR POOLED STOCK FUND
10/10/97 S 1,016,360 20.886 0 21,227,866 * 11,493,631 9,734,235
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
10/10/97 B 1,535,410 14.481 0 22,234,267- * 22,234,267
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 29
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/13/97 S 26,856 14,484 0 308,976 344,258 44,718
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/14/97 S 124,442 14,491 0 1,803,291 1,599,210 208,081
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/15/97 S 109,253 14,494 0 1,583,508 1,400,497 183,071
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/16/97 S 63,377 14,496 0 918,707 812,417 106,290
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/17/97 S 57,038 14,499 0 826,999 731,168 95,831
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/20/97 S 98,840 14,501 0 1,433,280 1,267,020 166,260
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/22/97 S 250,193 14,512 0 3,630,795 3,207,190 423,605
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/23/97 S 134,576 14,514 0 1,953,242 1,725,120 228,122
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/24/97 S 65,494 14,517 0 950,773 839,557 111,216
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/27/97 S 80,974 14,520 0 1,175,738 1,037,993 137,745
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/28/97 S 29,650 14,527 0 430,726 380,080 50,646
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/29/97 S 77,269 14,530 0 1,122,723 990,508 132,277
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/30/97 S 70,986 14,533 0 1,031,637 909,959 121,678
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
10/31/97 S 26,954 14,535 0 391,781 345,524 46,257
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/03/97 S 3,707 14,538 0 53,886 47,514 6,372
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/04/97 S 39,814 14,546 0 579,137 510,374 68,764
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/05/97 B 10,829 14,548 0 157,545- 157,545
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/06/97 S 28,512 14,551 0 414,885 365,549 49,356
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/07/97 S 44,998 14,554 0 654,894 576,898 77,995
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/10/97 S 14,960 14,557 0 217,780 191,803 25,976
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/11/97 S 19,664 14,565 0 286,402 252,102 34,300
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
11/12/97 S 8,760 14,568 0 127,613 112,306 15,306
ISSUE: 990008890 - RPR INTEREST ACCUMULATION FUND
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL RPR SAVINGS PLAN PAGE 30
ADVISORS FROM 1/1/97 TO 12/31/97
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/13/97 S 12,688 14.570 0 184,862 162,667 22,195
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/14/97 S 27,659 14.573 0 403,081 354,613 48,468
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/17/97 S 14,098 14.576 0 205,498 180,751 24,747
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/18/97 S 15,976 14.584 0 232,996 204,825 28,171
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/19/97 S 2,632 14.586 0 38,388 33,742 4,646
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/20/97 S 31,148 14.589 0 454,419 399,339 55,080
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/21/97 S 11,380 14.592 0 166,053 145,896 20,157
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/24/97 S 5,858 14.594 0 85,491 75,102 10,388
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/25/97 S 25,433 14.602 0 371,371 326,066 45,304
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/26/97 S 38,406 14.605 0 560,919 492,390 68,529
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
11/28/97 S 7,437 14.608 0 108,638 95,346 11,292
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/01/97 S 9,528 14.613 0 139,226 122,149 17,076
ISSUE: 990008831 - RPR POOLED STOCK FUND
12/01/97 B 6,176 20.887 0 129,005- 129,005
ISSUE: 990008831 - RPR POOLED STOCK FUND
12/02/97 S 3,197 20.896 0 66,811 36,330 30,481
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/02/97 S 12,193 14.621 0 178,271 156,320 21,951
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/03/97 S 25,738 14.624 0 376,390 329,976 46,414
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/04/97 B 1,295,628 14.627 0 18,951,144- 18,951,144
ISSUE: 990008831 - RPR POOLED STOCK FUND
12/04/97 S 938,657 20.903 0 19,620,742 10,665,752 8,954,990
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/05/97 B 177,750 14.629 0 2,600,307- 2,600,307
ISSUE: 990008831 - RPR POOLED STOCK FUND
12/05/97 S 145,633 20.904 0 3,044,314 1,654,797 1,389,517
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/08/97 B 50,487 14.632 0 738,725- 738,725
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/09/97 S 62,200 14.640 0 910,615 812,146 98,469
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN
FROM 1/1/97 TO 12/31/97 PAGE 31
ACCOUNT DM0143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 990008831 - RPR POOLED STOCK FUND
12/09/97 S 2,979 20.933 0 62,360 33,850 28,510
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/10/97 S 6,904 14.643 0 101,102 90,151 10,951
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/11/97 S 23,396 14.645 0 342,637 305,481 37,155
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/12/97 S 7,463 14.648 0 109,379 97,445 11,874
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/15/97 S 25,744 14.650 0 377,142 336,131 41,012
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/16/97 S 19,981 14.658 0 292,876 260,885 31,991
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/17/97 S 6,019 14,661 0 88,251 78,596 9,656
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/18/97 S 16,880 14.664 0 247,522 220,395 27,127
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/19/97 S 1,024 14.666 0 15,015 13,368 1,647
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/22/97 S 29,258 14.669 0 429,184 382,018 47,166
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/23/97 S 19,133 14.677 0 280,817 249,820 30,997
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/24/97 S 45,485 14.680 0 667,724 593,897 73,827
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/26/97 S 7,062 14.682 0 103,680 92,204 11,476
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/29/97 S 180 14.688 0 2,651 2,356 294
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/30/97 S 11,704 14.696 0 172,004 152,820 19,184
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
12/31/97 S 10,442 14.699 0 153,483 136,337 17,146
-------- ----------- ----------- ----------
SUB-TOTAL 0 299,052,435 237,382,909 61,669,523
GRAND TOTAL 0 299,052,435 237,382,909 61,669,523
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 32
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
CATEGORY 5 - SERIES OF TRANSACTIONS IN SAME SECURITY EXCEEDS 5% OF VALUE
ISSUE: 449444306 - 105 NEW DIMENSIONS FUND
<S> <C> <C> <C> <C> <C> <C>
01/02/97 1,077 20.708 0 22,294- 22,294
01/02/97 564 22,168 0 12,500 9,441 3,059
01/02/97 451 20.953 0 9,452 7,553 1,899
01/03/97 2,566 20.530 0 52,687 42,971 9,717
01/06/97 113 22.168 0 2,500- 2,500
01/06/97 451 20.953 0 9,452- 9,452
01/06/97 871 20.932 0 18,242- 18,242
01/07/97 278 20.982 0 5,839 4,661 1,178
01/08/97 117 21.152 0 2,470- 2,470
01/09/97 813 21.009 0 17,077 13,615 3,461
01/10/97 877 21.132 0 18,525 14,684 3,841
01/13/97 2 21.223 0 37 29 8
01/14/97 1,911 21.217 0 40,537 32,003 8,534
01/16/97 2,449 21.303 0 52,180- 52,180
01/17/97 10,693 21.303 0 227,797- 227,797
01/21/97 19 21.600 0 410- 410
01/21/97 5,017 21.670 0 108,724- 108,724
01/22/97 3,321 21.821 0 72,461 55,897 16,564
01/23/97 2,290 21.962 0 50,300- 50,300
01/24/97 1,630 21.770 0 35,492- 35,492
01/27/97 6,488 21.496 0 139,474- 139,474
01/28/97 3,535 21.343 0 75,451 59,678 15,773
01/29/97 34 21.496 0 733- 733
01/29/97 455 21.358 0 9,712 7,676 2,036
01/30/97 2,857 21.465 0 61,335- 61,335
01/31/97 184 21.783 0 4,000- 4,000
02/03/97 1,780 21.873 0 38,939- 38,939
02/03/97 1 21.493 0 27- 27
02/03/97 28 21.358 0 599- 599
02/04/97 244 21.846 0 5,329- 5,329
02/05/97 2,264 21.869 0 49,507 38,269 11,238
02/06/97 76 21.550 0 1,641- 1,641
02/07/97 2 21.618 0 41 32 9
02/07/97 18 21.550 0 384- 384
02/10/97 915 21.858 0 20,000- 20,000
02/11/97 101 21.586 0 2,172- 2,172
02/12/97 713 21.657 0 15,431- 15,431
02/13/97 10,846 22.096 0 239,661- 239,661
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS FINANCIAL ADVISORS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
APR SAVINGS PLAN PAGE 33
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
02/14/97 B 737 22.273 0 16,420- 16,420
02/18/97 S 373 22.185 0 8,264 6,322 1,942
02/19/97 B 0 22.190 0 2- 2
02/19/97 B 2,464 22.369 0 55,121- 55,121
02/20/97 S 1,486 22.326 0 33,166 25,230 7,937
02/21/97 B 269 22.028 0 5,934- 5,934
02/24/97 B 91 21.907 0 2,000- 2,000
02/25/97 S 57 22.025 0 1,245 960 285
02/26/97 B 72 21.983 0 1,581- 1,581
02/27/97 B 23 21.854 0 511- 511
02/28/97 B 2,340 21.510 0 50,330- 50,330
03/03/97 B 1 21.406 0 19- 19
03/04/97 B 744 21.477 0 15,974- 15,974
03/05/97 S 2,821 21.423 0 60,430 47,950 12,480
03/06/97 S 464 21.754 0 10,090 7,884 2,206
03/07/97 B 172 21.617 0 3,711- 3,711
03/10/97 S 64 21.707 0 1,386 1,085 300
03/11/97 B 2,965 21.913 0 64,978- 64,978
03/12/97 B 11,481 21.822 0 250,545- 250,545
03/13/97 S 860 21.643 0 18,617 14,679 3,938
03/14/97 B 300 21.324 0 5,394- 6,394
03/14/97 S 28 21.639 0 598 472 126
03/17/97 B 201 21.411 0 4,309- 4,309
03/18/97 S 4,638 21.398 0 99,253 79,167 20,087
03/19/97 S 729 21.273 0 15,506 12,441 3,065
03/20/97 B 236 21.162 0 5,000- 5,000
03/21/97 S 1,393 21.139 0 29,457 23,784 5,672
03/24/97 B 43 21.164 0 919- 919
03/25/97 B 315 21.209 0 6,682- 6,682
03/26/97 S 49 21.157 0 1,045 843 202
03/31/97 B 1,766 21.220 0 37,475- 37,475
03/31/97 B 891 20.854 0 18,571- 18,571
04/01/97 B 174 20.363 0 3,546- 3,546
04/02/97 S 5,192 20.489 0 106,384 88,686 17,698
04/03/97 B 2,822 20.218 0 57,056- 57,056
04/04/97 S 2,706 20.317 0 54,975 46,240 8,735
04/07/97 S 486 20.587 0 10,000 8,301 1,699
04/08/97 S 4,552 20.664 0 94,072 77,796 16,276
04/09/97 B 11,088 20.776 0 230,357- 230,357
04/10/97 B 900 20.776 0 18,696- 18,696
04/10/97 S 2,066 20.645 0 42,647 35,387 7,260
04/11/97 B 244 20.505 0 5,000- 5,000
04/14/97 S 856 19.976 0 17,100 14,665 2,435
04/15/97 S 687 20.182 0 13,860 11,772 2,096
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN
FROM 1/1/97 TO 12/31/97 PAGE 34
ACCOUNT DN0143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
04/16/97 S 725 20.366 0 14,763 12,418 2,345
04/17/97 S 2,815 20.483 0 57,658 48,224 9,435
04/18/97 B 1,080 20.463 0 22,106- 22,106
04/21/97 S 2,046 20.503 0 41,948 35,057 6,891
04/22/97 S 4,329 20.326 0 87,991 74,176 13,815
04/23/97 B 142 20.737 0 2,934- 2,934
04/24/97 B 20 20.737 0 422- 422
04/24/97 B 2,305 20.798 0 47,946- 47,946
04/25/97 B 2,144 20.768 0 44,517- 44,517
04/28/97 B 77 20.563 0 1,575 1,313 261
04/30/97 S 522 21.247 0 11,086 8,948 2,137
05/02/97 S 2,770 21.471 0 59,473 47,506 11,967
05/05/97 B 274 21.894 0 6,001- 6,001
05/06/97 B 577 22.241 0 12,823- 12,823
05/07/97 S 2,505 22.183 0 55,572 42,975 12,596
05/08/97 B 617 21.894 0 13,500- 13,500
05/08/97 B 13,758 21.926 0 301,664- 301,664
05/12/97 B 153 22.060 0 3,373- 3,373
05/12/97 B 573 22.189 0 12,723- 12,723
05/13/97 B 4,951 22.502 0 111,414- 111,414
05/14/97 S 590 22.427 0 13,222 10,168 3,054
05/15/97 S 833 22.468 0 18,711 14,363 4,348
05/16/97 S 76 22.679 0 1,716 1,305 411
05/19/97 B 3,190 22.350 0 17,300- 71,300
05/20/97 B 940 22.341 0 21,006- 21,006
05/21/97 S 510 22.639 0 11,551 8,810 2,741
05/22/97 B 492 22.632 0 11,145- 11,145
05/23/97 B 322 22.491 0 7,234- 7,234
05/28/97 S 1,374 22.855 0 31,406 23,733 7,673
05/29/97 B 642 22.771 0 14,612- 14,612
05/30/97 B 105 22.688 0 2,392- 2,392
06/04/97 S 6,901 22.606 0 156,014 119,221 36,793
06/05/97 B 90 22.548 0 2,023- 2,023
06/06/97 B 310 22.660 0 7,024- 7,024
06/09/97 B 10,999 23.017 0 253,154- 253,154
06/10/97 B 20 21.822 0 444- 444
06/10/97 S 20 20.737 0 422 353 69
06/10/97 B 0 23.288 0 0- 0
06/10/97 B 4,981 23.084 0 114,986- 114,986
06/11/97 B 341 23.100 0 7,885- 7,885
06/12/97 S 306 20.147 0 7,077 5,309 1,768
06/13/97 S 34 23.484 0 793 586 207
06/16/97 B 10,845 23.715 0 257,192- 257,192
06/17/97 S 10 23.768 0 244 179 65
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 35
FROM 1/1/97 TO 12/31/97
ACCOUNT DM0143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- ---------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
06/18/97 B 1,267 23.740 0 30,086- 30,086
06/19/97 S 190 23.569 0 4,460 3,305 1,163
06/20/97 B 598 23.027 0 14,239- 14,239
06/23/97 B 1,417 23.004 0 33,840- 33,840
06/24/97 B 1,013 23.395 0 23,693- 23,693
06/25/97 S 294 23.702 0 6,989 5,120 1,860
06/26/97 B 527 23.652 0 12,461- 12,461
06/27/97 S 4,725 23.539 0 111,220 82,479 28,749
06/30/97 S 1,407 23.539 0 35,000 25,954 9,046
06/30/97 S 744 23.650 0 17,587 12,900 4,607
07/01/97 B 1,032 23.540 0 43,118- 43,118
07/02/97 S 1,353 23.699 0 32,060 23,626 8,433
07/03/97 S 429 24.112 0 10,355 7,500 2,854
07/07/97 S 2,120 24.455 0 52,035 37,162 14,873
07/08/97 S 8,511 24.442 0 208,020 140,641 59,379
07/09/97 S 609 24.631 0 15,000 10,636 4,364
07/10/97 S 525 24.459 0 12,832 9,163 3,669
07/11/97 B 9,112 24.576 0 223,940- 223,940
07/14/97 S 1,231 24.742 0 30,468 21,580 8,887
07/15/97 S 895 24.886 0 22,273 15,685 6,588
07/16/97 S 1,307 25.193 0 12,922 22,901 10,021
07/17/97 S 1,469 25.592 0 37,599 25,747 11,052
07/18/97 S 1,082 25.456 0 27,539 18,959 8,580
07/21/97 B 612 24.977 0 15,279- 15,279
07/22/97 S 2,631 24.869 0 65,419 46,111 19,308
07/23/97 B 880 25.385 0 22,342- 22,342
07/24/97 B 2,378 25.511 0 60,657- 60,657
07/25/97 S 342 25.562 0 8,744 6,005 2,740
07/28/97 B 1,171 25.439 0 29,800- 29,800
07/29/97 B 897 25.276 0 22,669- 22,669
07/30/97 S 185 24.869 0 4,597 3,248 1,350
07/30/97 S 65 25.457 0 1,650 1,139 511
07/31/97 S 1,184 25.652 0 30,368 20,797 9,570
08/01/97 B 86 25.719 0 2,200- 2,200
08/04/97 B 794 25.560 0 20,286- 20,286
08/05/97 S 4,174 25.610 0 106,902 73,360 33,542
08/06/97 S 510 25.709 0 13,122 8,970 4,752
08/07/97 S 1,383 25.871 0 35,785 24,309 11,476
08/08/97 B 525 25.662 0 13,480- 13,480
08/11/97 S 122 25.198 0 3,081 2,150 932
08/12/97 B 0 25.454 0 0- 0
08/12/97 B 8,003 25.194 0 201,616- 201,616
08/13/97 B 4,755 24.057 0 118,194- 118,194
08/14/97 S 780 24.799 0 19,335 13,774 5,561
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 36
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
08/15/97 S 1,601 24.872 0 39,819 28,283 11,536
08/18/97 S 113 24.246 0 2,737 1,994 743
08/19/97 B 328 24.501 0 8,044- 8,044
08/20/97 B 122 24.501 0 3,000 3,000
08/20/97 S 6,597 24.951 0 164,354 116,555 47,799
08/21/97 B 6,368 25.271 0 160,886- 160,886
08/22/97 S 882 24.943 0 22,011 15,631 6,380
08/25/97 S 334 24.889 0 8,570 6,099 2,471
08/26/97 S 240 24.818 0 5,957 4,252 1,705
08/27/97 S 160 24.603 0 3,943 2,839 1,104
08/28/97 B 45 24.603 0 1,104- 1,104
08/28/97 B 16 24.608 0 404- 404
08/29/97 S 220 24.349 0 5,347 3,890 1,457
09/02/97 S 242 24.332 0 5,899 4,295 1,605
09/03/97 S 920 25.037 0 23,244 16,445 6,798
09/04/97 B 4,150 25.033 0 103,894- 103,894
09/05/97 S 176 25.119 0 4,419 3,121 1,298
09/06/97 B 4,088 25.999 0 102,600- 102,600
09/10/97 B 9,555 25.168 0 240,487- 240,487
09/11/97 B 2,012 24.744 0 49,795- 49,795
09/12/97 B 2,039 24.583 0 50,117- 50,117
09/15/97 B 202 24.809 0 5,013- 5,013
09/16/97 B 1,493 24.680 0 36,858- 36,858
09/17/97 B 162 25.352 0 4,096- 4,096
09/19/97 B 444 25.448 0 11,310- 11,310
09/22/97 S 741 25.576 0 18,959- 18,959
09/23/97 S 313 25.570 0 8,065 5,599 2,465
09/24/97 S 139 25.719 0 3,580 2,488 1,091
09/25/97 S 290 25.483 0 7,401 5,628 2,208
09/26/97 S 2,457 25.285 0 62,122 43,926 18,197
09/29/97 S 315 25.456 0 8,013 5,628 2,385
09/30/97 B 990 25.615 0 25,351- 25,351
10/01/97 B 0 25.658 0 0- 0
10/02/97 B 123 25.570 0 3,142- 3,142
10/06/97 B 1,116 25.900 0 28,904- 28,904
10/07/97 S 72 26.098 0 1,870 1,282 588
10/08/97 B 1,872 26.420 0 49,451- 49,451
10/09/97 B 901 26.198 0 23,614- 23,614
10/10/97 B 0 26.119 0 0- 0
10/10/97 B 11,043 26.116 0 288,391- 288,391
10/14/97 B 14,161 26.067 0 369,126- 369,125
10/14/97 S 1,401 26.002 0 36,431 25,355 11,075
10/15/97 B 11,570 26.160 0 302,667- 302,667
10/16/97 B 9,647 26.060 0 251,395- 251,395
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 37
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
10/17/97 B 5,513 25.627 0 142,387- 142,387
10/20/97 B 12,913 25.472 0 328,915- 328,915
10/22/97 B 404 26.060 0 10,530- 10,530
10/22/97 B 9,667 25.791 0 249,314- 249,314
10/22/97 B 14,438 26.171 0 377,862- 377,862
10/23/97 B 73 26.171 0 1,910- 1,910
10/23/97 B 8,834 26.069 0 230,305- 230,305
10/24/97 B 3,605 25.573 0 92,181 66,946 25,235
10/27/97 B 2,062 25.573 0 52,729- 52,729
10/27/97 B 2,890 25.374 0 73,158- 73,158
10/28/97 B 395 25.374 0 10,000- 10,000
10/28/97 B 2,882 23.560 0 67,902 53,614 14,288
10/29/97 B 1,312 23.560 0 30,907- 30,907
10/29/97 B 10,087 24.760 0 249,766- 249,766
10/30/97 B 3,741 24.709 0 92,442- 92,442
10/31/97 B 589 24.342 0 14,335- 14,335
11/03/97 B 965 24.617 0 23,766- 18,034 5,731
11/04/97 B 5,106 25.238 0 128,878- 128,878
11/05/97 B 11,986 25.332 0 303,637- 303,637
11/06/97 B 1,032 25.533 0 26,359- 26,359
11/07/97 B 59 25.238 0 1,491- 1,491
11/07/97 B 1,297 25.341 0 32,856 24,347 8,510
11/10/97 B 2,152 25.023 0 53,847- 53,847
11/12/97 B 1,420 24.807 0 35,219 26,678 8,541
11/12/97 B 483 24.805 0 11,988- 11,988
11/13/97 B 1,924 24.255 0 46,674- 46,674
11/14/97 B 7,192 24.542 0 176,517- 176,517
11/17/97 B 2,644 24.884 0 65,796 49,796 16,001
11/18/97 B 12,698 25.348 0 321,873- 321,873
11/19/97 B 1,975 25.087 0 49,558 37,333 12,225
11/20/97 B 5,122 25.293 0 129,542- 129,542
11/21/97 B 1,061 25.728 0 27,309- 27,309
11/24/97 B 1,513 25.779 0 39,003- 39,003
11/25/97 B 24 25.264 0 600 450 150
11/26/97 B 3,000 25.410 0 76,220- 76,220
11/28/97 B 3,249 25.461 0 82,722- 82,722
12/01/97 B 144 25.570 0 3,684- 3,684
12/02/97 B 1,181 26.163 0 30,904 22,409 8,495
12/03/97 B 859 26.044 0 22,362 16,289 6,073
12/04/97 B 2,158 26.221 0 56,597 40,949 15,649
12/05/97 B 2,441 26.181 0 63,913 46,312 17,601
12/08/97 B 4,691 26.181 0 122,814- 122,814
12/08/97 B 11,044 26.473 0 292,380- 292,380
12/09/97 B 113 26.473 0 3,000- 3,000
</TABLE>
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 38
FROM 1/1/97 TO 12/31/97 ACCOUNT DHO 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
12/09/97 S 302 26.493 0 7,989 5,748 2,240
12/10/97 B 224 26.155 0 5,862- 5,862
12/11/97 B 3,611 25.923 0 93,604- 93,604
12/12/97 B 228 25.923 0 5,900- 5,900
12/12/97 S 3,124 25.465 0 79,559 59,626 19,934
12/15/97 B 596 25.303 0 15,071- 15,071
12/16/97 B 616 25.524 0 15,723- 15,723
12/17/97 B 153 25.695 0 3,932- 3,932
12/18/97 B 1,247 25.659 0 32,001- 32,001
12/19/97 B 71 25.390 0 1,792- 1,792
12/22/97 B 5,442 25.146 0 136,846- 136,846
12/23/97 B 744 25.286 0 18,819- 18,819
12/24/97 B 2,944 24.892 0 73,290- 73,290
12/26/97 B 1,528 24.779 0 37,772- 37,772
12/29/97 B 466 24.832 0 11,572- 11,572
12/30/97 B 106,821 23.336 0 2,492,764- 2,492,764
12/30/97 B 1 24.904 0 13- 13
12/30/97 B 4,848 23.336 0 113,122- 113,122
12/31/97 B 1,127 23.813 0 26,839- 26,839
--------- --------------- --------------- ----------
SUB-TOTAL 0 16,635,986 15,772,004 863,977
ISSUE: 990008476 - EQUITY INDEX
01/02/97 S 2,541 20.506 0 52,105 34,780 17,325
01/03/97 S 33 20.409 0 676 453 223
01/06/97 B 1,192 20.692 0 24,673- 24,673
01/07/97 S 878 20.683 0 18,158 12,022 6,136
01/08/97 B 380 20.836 0 7,920- 7,920
01/09/97 S 11 20.709 0 231 153 78
01/10/97 S 949 20.887 0 19,814 12,992 6,822
01/13/97 S 501 21.019 0 10,537 6,866 3,671
01/14/97 S 104 21.018 0 2,192 1,429 764
01/15/97 S 1,230 21.276 0 26,169 16,846 9,324
01/16/97 S 100 21.231 0 2,114 1,364 750
01/17/97 B 6,993 21.302 0 148,966- 148,966
01/20/97 B 689 21.481 0 14,806- 14,806
01/21/97 S 1,320 21.495 0 28,372 18,153 10,239
01/22/97 B 671 21.663 0 14,536- 14,536
01/23/97 B 190 21.758 0 4,135- 4,135
01/24/97 B 2,134 21.519 0 45,917- 45,917
01/27/97 B 217 21.320 0 4,625- 4,625
01/28/97 S 432 21.172 0 9,143 5,940 3,203
01/29/97 B 5,310 21.178 0 112,451- 112,451
</TABLE>
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 39
FROM 1/1/97 TO 12/31/97
ACCOUNT DMD 143000
<TABLE>
<CAPTION>
DATE SHARES\ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ---------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
01/30/97 B 244 21.389 0 5,228- 5,228
02/03/97 B 3,085 21.764 0 67,139- 67,139
02/04/97 B 715 21.785 0 15,582- 15,582
02/05/97 B 326 21.859 0 7,127- 7,127
02/06/97 B 902 21.558 0 19,447- 19,447
02/10/97 B 1,548 21.077 0 33,867- 33,867
02/11/97 S 127 21.758 0 2,769 1,759 1,010
02/12/97 B 1,456 21.869 0 31,832- 31,832
02/13/97 B 6,465 22.243 0 143,797- 143,797
02/14/97 B 236 22.496 0 5,317- 5,317
02/18/97 S 2 22.399 0 52 32 20
02/19/97 B 241 22.623 0 5,452- 5,452
02/20/97 S 9,322 22.521 0 209,939 129,322 80,618
02/21/97 B 735 22.251 0 16,364- 16,364
02/24/97 S 5,215 22.222 0 115,895 72,374 43,521
02/25/97 S 405 22.461 0 9,093 5,618 3,475
02/26/97 S 614 22.511 0 13,813 8,575 5,298
02/27/97 B 97 22.335 0 2,164- 2,164
02/28/97 B 287 22.046 0 6,319- 6,319
03/03/97 B 1 21.918 0 19- 19
03/04/97 S 1,197 22.055 0 26,390 16,607 9,782
03/06/97 S 91 22.242 0 2,026 1,265 762
03/07/97 B 13 22.159 0 286- 286
03/12/97 B 7,349 22.513 0 165,443- 165,443
03/13/97 S 1,786 22.318 0 26,478 16,520 9,958
03/14/97 B 107 21.915 0 2,346- 2,346
03/17/97 B 20 22.015 0 451- 451
03/18/97 B 951 22.087 0 21,002- 21,002
03/19/97 B 1,670 21.916 0 36,592- 36,592
03/21/97 S 5 21.724 0 116 75 42
03/24/97 S 4,947 21.765 0 107,676 68,967 38,709
03/25/97 B 790 21.955 0 17,347- 17,347
03/26/97 S 140 21.906 0 3,071 1,955 1,116
03/31/97 S 244 21.489 0 5,253 3,409 1,844
04/01/97 B 144 21.022 0 3,019- 3,019
04/02/97 S 462 21.097 0 9,741 6,439 3,302
04/03/97 S 4,532 20.835 0 94,421 63,200 31,220
04/04/97 S 1,001 20.842 0 20,861 13,959 6,902
04/07/97 S 190 21.052 0 4,000 2,650 1,350
04/08/97 S 359 21.170 0 7,592 5,002 2,591
04/09/97 B 7,528 21.287 0 160,243- 160,243
04/10/97 S 18 21.134 0 377 249 127
04/11/97 S 189 21.074 0 3,990 2,640 1,342
04/14/97 S 350 20.499 0 7,175 4,095 2,280
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 40
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
04/15/97 B 238 20.671 0 4,909- 4,909-
04/16/97 S 2,209 20.975 0 46,343 30,903 15,441
04/17/97 B 486 21.222 0 10,317- 10,317
04/18/97 B 2,776 21.171 0 58,778- 58,778
04/21/97 B 119 21.298 0 2,535- 2,535
04/22/97 B 7,778 21.134 0 164,372- 164,372
04/23/97 B 535 21.530 0 11,529- 11,529
04/24/97 B 684 21.500 0 14,714- 14,714
04/25/97 S 693 21.428 0 19,144 12,552 6,592
04/28/97 B 2,246 21.269 0 47,770- 47,770
04/30/97 B 373 22.063 0 8,218- 8,218
05/02/97 S 2,412 22.197 0 51,529 33,915 19,615
05/05/97 S 1,138 22.595 0 25,723 16,010 9,713
05/06/97 B 795 23.076 0 4,500- 4,500
05/07/97 B 261 23.012 0 6,000- 6,000
05/08/97 B 9,482 22.677 0 215,015- 215,015
05/12/97 S 2,007 22.937 0 46,026 28,341 17,685
05/13/97 S 11,146 23.296 0 259,655 157,423 102,232
05/14/97 S 31 23.176 0 714 435 279
05/15/97 B 80 23.260 0 1,863- 1,863
05/16/97 S 628 23.422 0 14,703 8,867 5,837
05/19/97 B 628 23.089 0 14,500- 14,500
05/20/97 B 1,600 23.186 0 37,088- 37,088
05/21/97 S 839 23.418 0 19,640 11,858 7,782
05/22/97 B 866 23.359 0 20,232- 20,232
05/27/97 S 18 23.566 0 423 254 169
05/28/97 S 806 23.648 0 19,050 11,394 7,656
05/29/97 B 3 23.580 0 70 70
05/30/97 B 137 23.499 0 3,221- 3,221
06/04/97 S 86 23.534 0 2,026 1,218 808
06/05/97 S 6 23.400 0 152 92 60
06/06/97 B 157 23.489 0 3,677- 3,677
06/09/97 B 8,154 23.895 0 194,848- 194,848
06/10/97 B 451 24.037 0 10,852- 10,852
06/11/97 B 1,386 24.103 0 33,408- 33,408
06/12/97 B 351 24.226 0 8,024- 8,024
06/13/97 S 343 24.616 0 8,451 4,881 3,570
06/16/97 B 5,555 24.884 0 138,237- 138,237
06/17/97 B 43 24.905 0 1,062- 1,062
06/18/97 B 3,029 24.916 0 75,472 75,472
06/19/97 S 609 24.766 0 15,084 8,699 6,385
06/20/97 S 367 25.016 0 9,172 5,237 3,936
06/23/97 S 1,006 25.033 0 25,194 14,374 10,820
06/24/97 B 1,209 24.475 0 29,589- 29,589
</TABLE>
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 41
FROM 1/1/97 TO 12/31/97
ACCOUNT DMD 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
06/25/97 B 970 24.971 0 24,215- 24,215
06/26/97 B 785 24.768 0 19,445- 19,445
06/27/97 S 5,293 24.626 0 130,345 75,711 54,634
06/30/97 S 4,402 24.726 0 108,847 62,969 45,878
07/01/97 S 201 24.667 0 4,947 2,868 2,078
07/02/97 B 5,516 24.836 0 137,003- 137,003
07/03/97 B 818 25.202 0 20,611- 20,611
07/07/97 B 590 25.553 0 15,072- 15,072
07/08/97 B 25 25.424 0 647- 647
07/09/97 S 586 25.615 0 15,000 8,407 6,593
07/10/97 S 244 25.309 0 6,176 3,503 2,673
07/11/97 B 10,299 25.476 0 262,373- 262,373
07/14/97 B 688 25.556 0 17,590- 17,590
07/15/97 B 4,591 25.608 0 117,566- 117,566
07/16/97 B 84 25.811 0 2,179- 2,179
07/17/97 S 1,019 26.118 0 26,611 14,751 11,860
07/18/97 B 1,166 25.981 0 30,297- 30,297
07/21/97 B 4,317 25.526 0 110,195- 110,195
07/22/97 S 2,609 25.459 0 66,420 37,882 28,538
07/23/97 S 1,741 26.047 0 45,348 25,280 20,068
07/24/97 B 2,333 26.121 0 60,943- 60,943
07/25/97 B 2,364 26.223 0 61,995- 61,995
07/28/97 B 1,967 26.179 0 51,502- 51,502
07/29/97 S 12,447 26.115 0 325,056 181,404 143,652
07/30/97 B 1,556 26.274 0 40,884- 40,884
07/31/97 B 3,124 26.559 0 82,959- 82,959
08/01/97 S 4,504 26.617 0 119,874 65,811 54,063
08/04/97 B 660 26.419 0 17,425- 17,425
08/05/97 B 230 26.507 0 6,097- 6,097
08/06/97 B 66 26.565 0 1,746- 1,746
08/07/97 S 944 26.789 0 25,284 13,799 11,485
08/08/97 B 1,396 26.536 0 37,040- 37,040
08/11/97 B 115 26.045 0 3,000- 3,000
08/12/97 B 3,396 26.147 0 88,784- 88,784
08/13/97 B 661 25.856 0 17,091- 17,091
08/14/97 S 645 25.736 0 16,600 9,459 7,140
08/15/97 B 152 25.813 0 3,911- 3,911
08/18/97 B 609 25.144 0 15,324- 15,324
08/19/97 S 2,197 25.477 0 55,969 32,230 23,739
08/20/97 S 15,427 25.853 0 398,836 226,333 172,503
08/21/97 B 9,388 26.299 0 246,247- 246,247
08/22/97 B 3,894 25.830 0 100,583- 100,583
08/25/97 B 3,758 25.787 0 96,900- 96,900
08/26/97 B 331 25.693 0 8,503- 8,503
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 42
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
08/27/97 B 196 25.490 0 5,000- 5,000
08/28/97 S 1,638 25.516 0 41,788 24,255 17,534
08/29/97 S 301 26.239 0 7,591 4,454 3,137
09/02/97 S 793 25.127 0 19,930- 11,747 8,183
09/03/97 S 199 25.912 0 5,152 2,945 2,208
09/04/97 S 2,595 25.924 0 67,279 38,435 28,843
09/05/97 S 66 26.006 0 1,713 975 737
09/08/97 S 501 25.959 0 13,000 7,417 5,583
09/09/97 S 769 26.020 0 20,000 11,384 8,616
09/10/97 B 9,823 26.089 0 256,272- 256,272
09/11/97 B 431 25.681 0 11,078- 11,078
09/12/97 B 3,539 25.510 0 90,274 90,274
09/15/97 B 755 25.830 0 19,503- 19,503
09/16/97 B 1,168 25.717 0 30,044- 30,044
09/17/97 B 198 26.437 0 5,233- 5,233
09/18/97 B 834 26.369 0 22,000- 22,000
09/19/97 B 333 26.490 0 8,820- 8,820
09/22/97 B 945 26.578 0 25,118- 25,118
09/23/97 B 657 26.716 0 17,545- 17,545
09/24/97 B 52 26.620 0 1,380- 1,380
09/25/97 S 765 26.405 0 20,192- 11,436 8,756
09/26/97 B 19 26.222 0 500- 500
09/30/97 B 589 26.660 0 15,702- 15,702
10/01/97 B 1 26.489 0 20- 20
10/02/97 B 47 26.719 0 1,245- 1,245
10/06/97 B 3,653 26.993 0 98,599- 98,599
10/07/97 S 51 27.207 0 1,401- 772 629
10/08/97 B 867 27.499 0 23,841- 23,841
10/09/97 S 79 27.249 0 2,148 1,182 966
10/10/97 B 7,546 27.161 0 204,947- 204,947
10/13/97 S 1,023 27.063 0 27,689 15,409 12,280
10/14/97 B 9,648 27.093 0 261,403- 261,403
10/15/97 B 11,341 27.154 0 307,945- 307,945
10/16/97 B 2,850 27.028 0 77,026- 77,026
10/17/97 B 6,614 26.732 0 176,810- 176,810
10/20/97 B 18,818 26.422 0 497,209- 497,209
10/22/97 B 35,738 27.202 0 972,140- 972,140
10/23/97 B 5,739 27.108 0 155,573- 155,573
10/24/97 B 1,968 26.612 0 52,366- 52,366
10/27/97 B 8,459 26.362 0 223,002- 223,002
10/28/97 B 10,480 24.554 0 257,316- 257,316
10/29/97 B 12,136 25.808 0 313,214- 313,214
10/30/97 B 5,702 25.739 0 146,764- 146,764
10/31/97 B 4,571 25.310 0 115,702- 115,702
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 43
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
11/03/97 566 25,617 0 15,000- 15,000
11/04/97 2,519 26,300 0 66,245- 66,245
11/05/97 3,430 26,349 0 90,383- 90,383
11/06/97 1,721 26,412 0 45,451- 45,451
11/07/97 4,483 26,281 0 117,834- 117,834
11/10/97 1,220 25,994 0 31,719- 31,719
11/11/97 3,443 25,818 0 88,891- 88,891
11/12/97 1,524 25,892 0 39,468 24,595 14,873
11/13/97 460 25,404 0 11,687 7,423 4,264
11/14/97 3,210 25,697 0 82,493 51,796 30,697
11/17/97 1,594 26,029 0 41,499- 41,499
11/18/97 5,842 26,531 0 155,002 94,322 60,680
11/19/97 100 26,312 0 2,633 1,616 1,018
11/20/97 3,203 26,491 0 84,847 84,847
11/21/97 588 26,897 0 15,806 9,500 6,306
11/24/97 973 27,011 0 26,272- 26,272
11/25/97 1,774 26,552 0 47,101- 47,101
11/26/97 9,100 26,672 0 242,721 147,272 95,449
11/28/97 1,935 26,700 0 51,678 31,323 20,355
12/01/97 375 26,807 0 10,051- 10,051
12/02/97 90 27,349 0 2,461 1,456 1,004
12/03/97 3,483 27,264 0 94,961- 94,961
12/04/97 1,108 27,412 0 30,397 17,975 12,422
12/05/97 2,226 27,308 0 60,793 36,086 24,706
12/08/97 5,453 27,606 0 150,539- 150,539
12/09/97 6,165 27,564 0 169,924- 169,924
12/10/97 394 27,377 0 10,789- 10,789
12/11/97 3,042 21,210 0 82,779- 82,779
12/12/97 3,980 26,800 0 106,654- 106,654
12/15/97 2,725 26,757 0 72,922 72,922
12/16/97 3,161 27,035 0 85,445 51,703 33,742
12/17/97 4,958 27,165 0 134,691 134,691
12/18/97 1,171 27,096 0 31,726 31,726
12/19/97 656 26,811 0 17,581 10,754 8,827
12/22/97 1,210 26,573 0 32,158- 32,158
12/23/97 4,193 26,768 0 112,240- 112,240
12/24/97 3,257 26,362 0 85,854- 85,854
12/26/97 150 26,181 0 3,935- 3,935
12/30/97 13 26,772 0 354- 354
12/31/97 119 27,266 0 3,250- 3,250
--------- ----------- ------------- ------------
0 13,891,628 12,374,529 1,517,103
SUB-TOTAL
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 44
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
ISSUE: 9900088^^ - APR POOLED STOCK FUND
01/02/97 S 4,920 16,870 0 82,994 50,238 32,756
01/03/97 S 2,842 16,762 0 47,644 29,026 18,618
01/06/97 B 12,768 16,627 0 212,296- 212,296
01/07/97 S 11,129 16,654 0 185,340 113,823 71,517
01/08/97 B 4,009 16,196 0 64,925- 64,925
01/09/97 S 3,486 15,900 0 55,424 35,668 19,756
01/10/97 B 10,779 15,846 0 170,805- 170,805
01/13/97 B 8,783 15,954 0 140,124- 140,124
01/14/97 B 4,039 15,954 0 64,433- 64,433
01/15/97 B 10,453 16,195 0 169,280- 169,280
01/16/97 S 3,460 16,141 0 55,847 35,534 20,312
01/17/97 B 30,152 16,195 0 617,869- 617,869
01/20/97 S 4,639 16,329 0 75,742 47,840 27,902
01/21/97 S 13,473 16,302 0 220,718 138,957 81,760
01/22/97 S 4,249 16,302 0 69,605 43,821 25,784
01/23/97 B 519 16,436 0 8,526- 8,526
01/24/97 S 11,039 16,517 0 182,327 113,856 68,471
01/27/97 S 26,074 16,409 0 427,850 268,935 158,915
01/28/97 B 39,152 15,461 0 605,329- 605,329
01/29/97 B 17,747 15,434 0 273,914- 273,914
01/30/97 B 16,448 15,779 0 259,535- 259,535
01/31/97 S 5,760 15,914 0 91,670 59,835 31,835
02/03/97 S 21,129 16,239 0 343,116 219,447 123,640
02/04/97 S 1,635 16,130 0 26,371 16,982 9,388
02/05/97 B 7,541 16,265 0 122,654- 122,654
02/06/97 S 910 15,780 0 14,363 9,462 4,901
02/07/97 S 6,365 15,727 0 100,102 66,170 33,932
02/10/97 S 89 15,700 0 1,390 921 470
02/11/97 B 4,946 15,061 0 78,446- 78,446
02/12/97 S 666 15,796 0 10,515 6,924 3,591
02/13/97 B 48,158 15,930 0 767,150- 767,150
02/14/97 S 9,970 16,330 0 162,815 104,208 58,607
02/18/97 S 602 16,035 0 9,655 6,293 3,362
02/19/97 B 2,291 16,223 0 37,164- 37,164
02/20/97 S 2,948 16,250 0 47,909 30,822 17,087
02/21/97 S 4,867 15,954 0 77,644 50,879 26,765
02/24/97 S 1,970 15,981 0 31,478 20,592 10,886
02/25/97 S 3,510 16,008 0 56,188 36,695 19,493
02/26/97 S 496 15,927 0 7,898 5,184 2,714
02/27/97 B 10,256 15,604 0 160,029- 160,029
02/28/97 S 937 15,416 0 14,450 9,808 4,641
03/03/97 S 1,581 15,321 0 24,218 16,576 7,643
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 45
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
03/03/97 B 23,342 15.321 0 357,620- 357,620
03/04/97 B 298 15.214 0 4,527- 4,527
03/05/97 B 4,475 15.268 0 68,323- 68,323
03/06/97 S 120 15.376 0 1,850 1,262 588
03/07/97 S 1,153 15.322 0 17,669 12,097 5,572
03/10/97 B 16,891 15.564 0 262,896- 262,896
03/11/97 S 4,170 15.698 0 65,457 43,810 21,647
03/12/97 B 42,748 15.994 0 683,711- 683,711
03/13/97 S 11,319 16.048 0 181,654 119,428 62,227
03/14/97 S 6,135 16.021 0 98,292 64,730 33,562
03/17/97 S 20,902 16.372 0 342,206 220,529 121,677
03/18/97 S 33,697 16.399 0 552,596 355,525 197,071
03/19/97 S 10,767 16.073 0 173,055 113,597 59,458
03/20/97 B 4,188 16.073 0 67,314- 67,314
03/21/97 S 4,209 15.992 0 67,305 44,423 22,882
03/24/97 S 13,221 15.939 0 210,726 139,546 71,180
03/25/97 S 6,369 16.019 0 102,027 67,227 34,800
03/26/97 S 6,496 16.288 0 105,811 68,568 37,242
03/31/97 S 8,225 16.207 0 133,301 86,815 46,487
04/01/97 S 11,212 15.965 0 178,995 118,341 60,655
04/02/97 S 21,298 15.965 0 340,021 224,801 115,220
04/03/97 S 3,250 15.642 0 50,955 34,384 16,571
04/04/97 S 10,496 15.050 0 157,962 110,784 47,178
04/07/97 B 4,449 15.050 0 66,960- 66,960
04/08/97 B 785 15.077 0 11,828- 11,828
04/09/97 B 44,346 15.050 0 667,411- 667,411
04/10/97 B 886 15.050 0 13,329- 13,329
04/11/97 S 11,316 15.104 0 170,922 119,938 50,984
04/14/97 B 137 14.835 0 2,027- 2,027
04/15/97 S 33,882 14.755 0 499,925 359,105 140,820
04/16/97 B 595 14.890 0 8,864- 8,864
04/17/97 B 34,125 14.997 0 511,766- 511,766
04/18/97 S 7,834 14.917 0 116,853 83,256 33,597
04/21/97 S 4,605 14.863 0 68,447 48,945 19,502
04/22/97 S 4,150 14.783 0 61,355 44,111 17,244
04/23/97 B 3,342 14.729 0 49,224- 49,224
04/24/97 S 12,040 14.810 0 178,306 127,991 50,316
04/25/97 S 22,741 15.297 0 347,871 241,757 106,114
04/28/97 B 26,555 15.325 0 406,927- 406,927
04/29/97 B 91 15.136 0 1,380- 1,380
04/30/97 S 1,733 15.404 0 26,700 18,469 8,232
05/01/97 B 1,643 15.565 0 25,577- 25,577
05/02/97 S 10,166 15.517 0 157,690 108,338 49,352
05/05/97 B 3,690 15.753 0 58,125- 58,125
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL
ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 46
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
05/06/97 S 743 15.942 0 11,848 7,922 3,925
05/07/97 S 19,500 16.211 0 316,113 207,873 108,240
05/08/97 B 35,412 16.064 0 568,854- 568,854
05/12/97 S 4,209 15.796 0 66,492 45,029 21,463
05/13/97 B 2,613 15.930 0 41,621- 41,621
05/14/97 S 4,248 16.011 0 68,012 45,451 22,561
05/15/97 S 8,393 16.253 0 136,405 89,799 46,606
05/16/97 S 11,621 16.442 0 191,070 124,341 66,730
05/19/97 S 13,432 16.415 0 220,492 143,723 76,769
05/20/97 S 5,804 16.333 0 94,789 62,096 32,693
05/21/97 S 4,608 16.333 0 75,260 49,303 25,957
05/22/97 B 1,384 16.683 0 23,094- 23,094
05/23/97 S 10,341 16.467 0 170,279 110,659 59,620
05/27/97 S 5,797 16.575 0 96,092- 62,040 34,052
05/28/97 S 3,574 16.360 0 58,478 38,251 20,226
05/29/97 S 7,377 16.064 0 118,499 78,941 39,559
05/30/97 B 1,833 16.252 0 29,785- 29,785
06/02/97 S 2,282 16.236 0 37,045 24,476 12,569
06/02/97 B 22,027 16.236 0 357,634- 357,634
06/03/97 B 1,236 16.183 0 20,000- 20,000
06/04/97 S 6,726 16.397 0 110,289 72,161 38,128
06/05/97 S 26,456 16.773 0 443,754 283,836 159,918
06/06/97 S 21,232 16.962 0 360,130 227,782 132,349
06/09/97 B 24,764 16.854 0 417,370- 417,370
06/10/97 S 1,624 17.015 0 27,632 17,471 10,161
06/11/97 S 10,327 17.015 0 175,706 111,095 64,611
06/12/97 S 7,102 16.961 0 120,455 76,403 44,052
06/13/97 B 373 17.230 0 6,432- 6,432
06/16/97 S 36,676 17.445 0 639,818 394,588 245,230
06/17/97 B 14,527 16.444 0 238,890- 238,890
06/18/97 S 3,011 16.977 0 51,110 32,438 18,671
06/19/97 S 7,068 16.977 0 119,995 76,159 43,637
06/20/97 S 3,676 17.031 0 62,602 39,606 22,996
06/23/97 S 14,958 17.245 0 257,945 161,169 96,776
06/24/97 S 9,535 17.057 0 162,640 102,741 59,900
06/25/97 S 7,344 17.192 0 126,254 79,129 47,125
06/26/97 S 6,344 17.125 0 108,636 68,354 40,283
06/27/97 B 73,140 19.622 0 1,435,150- 1,435,150
06/30/97 B 30,345 19.622 0 595,431- 595,431
07/01/97 B 13,543 19.569 0 265,030- 265,030
07/02/97 S 5,971 19.635 0 117,248 65,547 51,700
07/03/97 S 8,816 19.807 0 174,616 96,771 77,845
07/07/97 B 3,382 20.021 0 67,714- 67,714
07/08/97 S 3,255 20.048 0 65,265 35,754 29,511
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
FINANCIAL RPR SAVINGS PLAN PAGE 47
ADVISORS FROM 1/1/97 TO 12/31/97
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- -------- ----- -------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
07/09/97 B 4,028 20.155 0 81,184- 81,184
07/10/97 B 985 20.115 0 19,803- 19,803
07/11/97 B 41,697 20.182 0 841,533- 841,533
07/14/97 S 3,267 20.169 0 65,902 36,159 29,743
07/15/97 S 5,292 20.128 0 106,516 58,562 47,954
07/16/97 B 4,566 20.142 0 91,962- 91,962
07/17/97 S 3,455 20.142 0 69,593 38,263 31,330
07/18/97 B 3,300 20.115 0 66,374- 66,374
07/21/97 S 89 19.981 0 1,771 982 789
07/22/97 S 3,595 19.927 0 71,629 39,828 31,801
07/23/97 S 1,078 20.182 0 21,755 11,943 9,871
07/24/97 S 1,616 20.169 0 32,597 17,907 14,689
07/25/97 B 1,245 20.102 0 25,035- 25,035
07/28/97 S 2,830 20.156 0 57,051 31,368 25,683
07/29/97 S 182 20.223 0 7,731 4,236 3,494
07/30/97 S 946 20.276 0 19,107 10,487 8,700
07/31/97 S 8,030 20.303 0 163,033 88,990 74,043
08/01/97 B 6,353 20.330 0 129,147- 129,147
08/04/97 S 3,743 20.397 0 76,336 41,578 34,818
08/05/97 B 7,843 20.370 0 159,764- 159,764
08/06/97 B 134 20.652 0 2,763- 2,763
08/07/97 B 3,909 20.531 0 80,246- 80,246
08/08/97 B 1,303 20.626 0 26,873- 26,873
08/11/97 B 1,840 20.519 0 70,795- 70,795
08/12/97 B 35,436 20.573 0 729,022- 729,022
08/13/97 S 5,621 20.586 0 115,710 62,892 52,818
08/14/97 S 5,488 20.626 0 113,204 61,410 51,793
08/15/97 B 3,373 20.640 0 69,619- 69,619
08/18/97 S 177 20.465 0 3,625 1,983 1,642
08/19/97 B 839 20.425 0 17,137- 17,137
08/20/97 B 11,995 20.586 0 246,923- 246,923
08/21/97 S 11,013 20.747 0 228,486 123,549 104,937
08/22/97 S 14,578 20.747 0 302,452 163,544 138,908
08/25/97 S 8,674 20.747 0 179,953 97,305 82,647
08/26/97 S 2,213 20.747 0 45,913 24,826 21,086
08/27/97 B 93 20.760 0 1,941- 1,941
08/28/97 S 6,654 20.801 0 138,416 74,652 63,764
08/29/97 S 6,050 20.787 0 125,769 67,877 57,892
09/02/97 S 670 20.732 0 13,901 7,543 6,358
09/02/97 B 17,008 20.732 0 352,605- 352,605
09/03/97 S 2,001 20.732 0 41,486 22,512 18,974
09/04/97 S 16,340 20.746 0 338,998 183,829 155,168
09/05/97 S 3,102 20.759 0 64,394 34,897 29,497
09/08/97 S 14,775 20.786 0 307,112 166,218 140,894
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 48
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
09/09/97 S 645 20,759 0 13,387 7,255 6,132
09/10/97 B 31,391 20,745 0 651,210- 651,210
09/11/97 S 2,793 20,745 0 57,936 31,580 26,356
09/12/97 S 3,382 20,745 0 70,157 38,241 31,915
09/15/97 S 23,668 20,772 0 491,637 267,636 224,001
09/16/97 S 19,724 20,759 0 409,450 223,035 186,415
09/19/97 B 378 20,799 0 7,860- 7,860
09/25/97 B 10 20,813 0 208- 208
09/30/97 S 10 20,839 0 209 113 95
10/09/97 S 3,005,876 20,885 0 62,777,712 33,992,037 28,785,675
10/10/97 S 1,016,368 20,886 0 21,227,866 11,493,631 9,734,235
12/01/97 B 6,176 20,887 0 129,005- 129,005
12/02/97 S 3,197 20,896 0 66,811 36,380 30,481
12/04/97 S 938,657 20,903 0 19,620,742 10,665,752 8,954,990
12/05/97 S 145,633 20,904 0 3,044,314 1,654,797 1,389,517
12/09/97 S 2,979 20,933 0 62,360 33,850 28,510
12/11/97 S 19 20,897 0 406 221 185
-------- ------------ ------------ ------------
SUB-TOTAL 0 137,068,002 82,361,271 54,706,727
ISSUE: 990008898 - RPR INTEREST ACCUMULATION FUND
01/02/97 B 8,741 13,718 0 119,915- 119,915
01/03/97 S 15,205 13,723 0 208,659 163,784 44,875
01/06/97 S 20,423 13,726 0 280,329 219,992 60,336
01/07/97 B 8,965 13,734 0 123,122- 123,122
01/08/97 S 5,828 13,737 0 80,066 62,807 17,259
01/09/97 B 4,280 13,740 0 58,813- 58,813
01/10/97 S 12,120 13,743 0 166,558 130,623 35,935
01/13/97 S 7,417 13,745 0 101,950 79,943 22,007
01/14/97 S 845 13,754 0 11,622 9,107 2,515
01/15/97 S 14,996 13,756 0 206,280 161,622 44,658
01/16/97 S 10,483 13,759 0 144,241 112,990 31,252
01/17/97 B 19,911 13,761 0 273,991- 273,991
01/20/97 B 2,246 13,764 0 30,913- 30,913
01/21/97 S 6,903 13,772 0 95,066 74,471 20,594
01/22/97 S 6,640 13,775 0 91,575 71,721 19,054
01/23/97 S 9,060 13,777 0 124,817 97,742 27,075
01/24/97 B 1,023 13,780 0 14,096- 14,096
01/27/97 B 14,815 13,783 0 204,189- 204,189
01/28/97 S 40,904 13,790 0 564,066 441,605 122,462
01/29/97 S 24,874 13,793 0 343,092 268,547 74,546
01/30/97 S 27,193 13,796 0 375,160 293,583 81,577
01/31/97 B 3,403 13,798 0 46,952- 46,952
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 49
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
02/03/97 B 18,352 13,801 0 253,282- 253,282
02/04/97 S 3,129 13,809 0 43,215 33,819 9,396
02/05/97 S 13,686 13,812 0 189,02^ 147,898 41,730
02/06/97 S 7,671 13,814 0 105,963 ^2,895 23,068
02/07/97 B 6,353 13,817 0 87,775- 87,775
02/10/97 S 5,071 13,819 0 70,070 54,811 15,25^
02/11/97 S 41,670 13,827 0 576,167 450,442 125,725
02/12/97 S 1,535 13,830 0 21,235 16,598 4,637
02/13/97 B 17,483 13,833 0 241,842- 241,842
02/14/98 B 6,563 13,835 0 90,794- 90,794
02/18/97 S 16,727 13,838 0 231,472 181,017 50,455
02/19/97 S 7,729 13,849 0 107,036 83,639 23,398
02/20/97 S 7,966 13,851 0 110,330 86,200 24,130
02/21/97 B 8,354 13,854 0 115,739- 115,739
02/24/97 S 7,002 13,857 0 97,030 75,805 21,225
02/25/97 S 1,480 13,865 0 20,523 16,024 4,499
02/26/97 S 5,722 13,867 0 79,347 61,945 17,402
02/27/97 S 16,846 13,870 0 233,649 1^2,368 51,281
02/28/97 S 5,793 13,873 0 80,369 62,716 17,65^
03/03/97 B 1,747 13,875 0 24,238- 24,238
03/04/97 S 14,437 13,883 0 200,435 156,310 44,125
03/05/97 S 5,617 13,886 0 78,004 60,819 17,186
03/06/97 B 335 13,889 0 4,653- 4,653
03/07/97 B 1,276 13,891 0 17,726- 17,726
03/10/97 S 18,358 13,894 0 255,060 198,767 56,293
03/11/97 S 7,926 13,902 0 110,191 85,821 24,369
03/12/97 B 19,110 13,905 0 265,718- 265,718
03/13/97 B 2,278 13,907 0 31,674- 31,674
03/14/97 B 4,613 13,910 0 64,163- 64,163
03/17/97 B 16,232 13,913 0 225,829- 225,829
03/18/97 B 33,484 13,921 0 466,130- 466,130
03/19/97 S 1,492 13,923 0 20,773 16,212 4,561
03/20/97 S 5,911 13,926 0 82,314 64,226 18,088
03/21/97 B 35,076 13,929 0 499,711- 499,711
03/24/97 B 16,009 13,931 0 223,026- 223,026
03/25/97 B 2,597 13,939 0 36,197- 36,197
03/26/97 B 159 13,942 0 2,216- 2,216
03/31/97 S 372 13,947 0 5,195 4,057 1,137
04/01/97 B 12,841 13,958 0 179,241- 179,241
04/02/97 B 31,995 13,961 0 446,678- 446,678
04/03/97 S 4,7^^ 13,963 0 66,851- 66,851
04/04/97 S 5,121 13,966 0 71,521 55,898 15,623
04/07/97 S 3,091 13,969 0 43,176 33,738 9,439
04/08/97 S 10,600 13,977 0 148,154 115,700 32,454
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 51
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
06/12/97 B 3,753 14.152 0 53,112- 53,112
06/13/97 S 12,863 14.155 0 182,070 142,364 39,706
06/16/97 B 9,877 14.158 0 139,832- 139,832
06/17/97 S 18,498 14.166 0 262,042 204,827 57,216
06/18/97 S 13,061 14.169 0 185,058 144,621 40,437
06/19/97 B 1,555 14.171 0 22,037- 22,037
06/20/97 S 1,300 14.174 0 18,427 14,397 4,031
06/23/97 B 5,873 14.177 0 83,268- 83,268
06/24/97 B 950 14.185 0 13,476- 13,476
06/25/97 B 1,820 14.188 0 25,824- 25,824
06/26/97 B 8,820 14.190 0 125,161- 125,161
06/27/97 S 80,058 14.193 0 1,136,266 887,217 249,029
06/30/97 S 17,677 14.196 0 250,949 195,908 55,040
07/01/97 S 14,761 14.204 0 209,661 163,584 46,077
07/02/97 S 8,191 14.207 0 116,374 90,780 25,595
07/03/97 B 10,903 14.209 0 154,923- 154,923
07/07/97 S 3,883 14.212 0 55,188 43,057 12,131
07/08/97 B 21,175 14.223 0 301,176- 301,176
07/09/97 S 2,541 14.226 0 36,184 28,230 7,954
07/10/97 S 4,740 14.228 0 67,448 52,614 14,834
07/11/97 B 5,540 14.231 0 78,036- 78,036
07/14/97 B 145 14.234 0 2,059- 2,059
07/15/97 B 1,859 14.242 0 26,471- 26,471
07/16/97 S 11,336 14.245 0 161,481 125,859 35,622
07/17/97 S 19,824 14.248 0 282,449 220,096 62,354
07/18/97 S 11,972 14.250 0 170,600 132,920 37,680
07/21/97 S 7,675 14.253 0 109,387 85,209 24,170
07/22/97 S 13,463 14.261 0 191,995 149,474 42,521
07/23/97 S 23,257 14.264 0 331,731 258,208 73,523
07/24/97 S 9,613 14.267 0 137,153 106,732 30,420
07/25/97 S 13,439 14.270 0 191,779 149,211 42,568
07/28/97 S 5,403 14.272 0 77,107 59,984 17,123
07/29/97 B 11,337 14.281 0 161,903- 161,903
07/30/97 S 2,322 14.283 0 33,158 25,789 7,370
07/31/97 S 19,327 14.286 0 276,106 214,695 61,410
08/01/97 S 13,551 14.289 0 193,626 150,529 43,097
08/04/97 S 6,651 14.292 0 95,055 73,082 21,173
08/05/97 B 10,339 14.300 0 747,842- 747,842
08/06/97 S 10,533 14.303 0 150,650 117,062 33,589
08/07/97 S 3,481 14.305 0 49,795 38,687 11,107
08/08/97 S 4,235 14.308 0 60,599 47,072 13,527
80/11/97 S 5,500 14.311 0 78,713 61,130 17,584
08/12/97 B 12,442 14.319 0 178,160- 178,160
08/13/97 S 2,480 14.322 0 35,514 27,576 7,938
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL
ADVISORS
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 52
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO143000
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
08/14/97 S 3,239 14.325 0 46,393 36,016 10,378
08/15/97 S 28,141 14.327 0 403,176 312,947 90,229
08/18/97 S 3,407 14.330 0 48,826 37,891 10,935
08/19/97 S 4,713 14.338 0 67,575 52,412 15,163
08/20/97 S 9,923 14.341 0 142,310 110,354 31,956
08/21/97 S 17,897 14.344 0 256,710 199,023 57,687
08/22/97 S 535 14.347 0 7,672 5,947 1,725
08/25/97 S 3,254 14.349 0 46,691 36,187 10,503
08/26/97 S 1,304 14.358 0 18,728 14,505 4,225
08/27/97 S 1,540 14.360 0 22,117 17,128 4,989
08/28/97 B 6,829 14.363 0 98,079- 98,079
08/29/97 B 1,165 14.366 0 16,741- 16,741
09/02/97 B 1,835 14.369 0 26,371- 26,371
09/03/97 S 30,868 14.380 0 443,876 343,435 100,441
09/04/97 B 6,785 14.382 0 97,581- 97,581
09/05/97 S 296 14.385 0 4,265 3,300 965
09/08/97 B 625 14.388 0 8,999- 8,999
09/09/97 S 1,201 14.396 0 17,289 13,367 3,922
09/10/97 B 11,290 14.399 0 162,571- 162,571
09/11/97 S 180 14.402 0 2,587 2,000 587
09/12/97 S 9,775 14.405 0 140,807 108,857 31,950
09/15/97 B 28,049 14.407 0 404,102- 404,102
09/16/97 B 8,841 14.416 0 127,459- 127,459
09/17/97 S 1,133 14.418 0 16,329 12,635 3,694
09/18/97 S 2,912 14.421 0 42,000 32,493 9,507
09/19/97 S 3,305 14.424 0 47,672 36,873 10,799
09/22/97 S 13,326 14.427 0 192,248 148,669 43,579
09/23/97 S 6,512 14.435 0 94,000 72,652 21,348
09/24/97 S 370 14.438 0 5,337 4,124 1,213
09/25/97 S 5,742 14.441 0 82,914 64,057 18,857
09/26/97 S 485 14.443 0 7,000 5,407 1,593
09/29/97 S 168 14.446 0 2,425 1,873 552
09/30/97 S 4,763 14.455 0 68,854 53,143 15,711
10/01/97 B 23 14.457 0 338- 338
10/02/97 B 403 14.460 0 5,828- 5,828
10/03/97 S 3,457 14.463 0 50,000 38,571 11,429
10/06/97 S 21,006 14.466 0 303,867 234,358 69,510
10/07/97 S 128 14.474 0 1,846 1,423 423
10/08/97 S 20,501 14.477 0 296,797 228,731 68,066
10/09/97 B 4,335,087 14.479 0 62,767,728- 62,767,728
10/10/97 B 1,535,410 14.481 0 22,234,267- 22,234,267
10/13/97 S 26,856 14.484 0 308,976 344,258 44,718
10/14/97 S 124,442 14.491 0 1,803,291 1,595,210 208,081
10/15/97 S 109,253 14.494 0 1,583,508 1,400,497 183,011
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 53
FROM 1/1/97 TO 12/31/97
ACCOUNT DMO 143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
10/16/97 S 63,577 14.496 0 918,707 812,417 106,290
10/17/97 S 57,030 14.499 0 826,999 731,160 95,831
10/20/97 S 98,840 14.501 0 1,433,280 1,267,020 166,260
10/22/97 S 250,193 14.512 0 3,630,795 3,207,190 423,605
10/23/97 S 134,576 14.514 0 1,953,242 1,725,120 228,122
10/24/97 S 65,494 14.517 0 950,773 839,557 111,216
10/27/97 S 80,974 14.520 0 1,175,738 1,037,993 137,745
10/28/97 S 29,650 14.527 0 430,726 380,080 50,646
10/29/97 S 77,269 14.530 0 1,122,725 990,508 132,217
10/30/97 S 70,986 14.533 0 1,031,647 909,959 121,678
10/31/97 S 26,954 14.535 0 391,701 345,524 46,257
11/03/97 S 3,707 14.538 0 53,886 47,514 6,372
11/04/97 S 39,014 14.546 0 579,137 510,374 68,764
11/05/97 B 10,029 14.540 0 157,545 157,545
11/06/97 S 20,512 14.551 0 414,885 365,549 49,336
11/07/97 S 44,990 14.554 0 654,894 576,890 77,995
11/10/97 S 14,960 14.557 0 217,780 191,803 25,976
11/11/97 S 19,664 14.565 0 286,402 252,102 34,300
11/12/97 S 8,760 14.560 0 127,613 112,306 15,306
11/13/97 S 12,688 14.570 0 184,862 162,667 22,195
11/14/97 S 27,659 14.573 0 403,081 354,673 48,468
11/17/97 S 14,098 14.576 0 205,498 180,751 24,747
11/18/97 S 15,976 14.504 0 232,966 204,825 20,171
11/19/97 S 2,632 14.586 0 30,380 33,742 4,646
11/20/97 S 31,148 14.589 0 454,419 399,339 55,080
11/21/97 S 11,380 14.592 0 166,053 145,896 20,157
11/24/97 S 5,858 14.594 0 85,491 75,102 10,388
11/25/97 S 25,433 14.602 0 371,371 326,066 45,304
11/26/97 S 30,406 14.605 0 560,919 492,390 60,529
12/01/97 S 9,528 14.613 0 139,226 122,149 17,076
12/02/97 S 12,193 14.621 0 178,271 156,320 21,951
12/03/97 S 25,730 14.624 0 376,390 329,976 46,414
12,04/97 B 1,295,628 14.627 0 18,951,144- 18,951,144
12/05/97 B 177,750 14.629 0 2,600,307- 2,600,307
12/08/97 B 50,407 14.632 0 738,725- 738,725
12/09/97 S 62,200 14.640 0 910,615 812,146 98,469
12/10/97 S 6,904 14.643 0 101,702 90,151 10,951
12/11/97 S 23,396 14.654 0 342,637 305,401 37,155
12/12/97 S 7,463 14.658 0 109,319 97,455 11,874
12/15/97 S 25,744 14.650 0 377,142 336,131 41,012
12/16/97 S 19,981 14.658 0 292,876 260,085 31,991
12/17/97 S 6,019 14.661 0 88,251 78,596 9,656
12/18/97 S 16,880 14.664 0 247,522 220,395 27,127
</TABLE>
<PAGE>
[LOGO OF AMERICAN EXPRESS]
FINANCIAL ADVISORS
<TABLE>
<CAPTION>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
RPR SAVINGS PLAN PAGE 54
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO143000
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
12/19/97 S 1,024 14.666 0 15,015 13,368 1,647
12/22/97 S 29,258 14.669 0 429,184 382,018 47,166
12/23/97 S 19,133 14.677 0 280,817 249,820 30,997
12/24/97 S 45,485 14.680 0 667,724 593,897 73,827
12/26/97 S 7,062 14.682 0 103,680 92,204 11,476
12/29/97 S 100 14.688 0 2,651 2,356 294
12/30/97 S 11,704 14.696 0 172,004 152,820 19,184
12/31/97 B 10,442 14.699 0 153,483 136,337 17,146
-------- ----------- ----------- ---------
SUB-TOTAL 0 163,052,698 156,089,718 6,962,981
GRAND TOTAL 0 330,648,374 266,597,522 64,050,788
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
CATEGORY 4 - SINGLE TRANSACTION WITH ONE BROKER EXCEEDS 5% OF VALUE
*** NO TRANSACTIONS QUALIFIED FOR THIS SECTION ***
F O O T N O T E S
-----------------
* = SINGLE TRANSACTION IS 5% REPORTABLE
B = BUY TRANSACTION
S = SELL TRANSACTION
R = REINVESTMENT TRANSACTION
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan
administrators have duly caused this annual report to be signed on its behalf by
the undersigned, thereunto duly authorized.
RHONE-POULENC RORER EMPLOYEE
SAVINGS PLAN
Date: June 24, 1998 By: /s/ DAVID BRANDIES
------------- ----------------------------
David Brandies, for the
Employee Savings Plan
Committee, Administrator
<PAGE>
INDEX TO EXHIBITS
EXHIBIT NO. EXHIBIT
- ----------- -------------------------------
(1) Consent of Independent Accountants.
<PAGE>
EXHIBIT (1)
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the registration statement of
Rhone-Poulenc Rorer Inc. on Form S-8 (Registration No. 33-18701) of our report
dated June 24, 1998 on our audits of the financial statements and supplemental
schedules of Rhone-Poulenc Rorer Inc. Employee Savings Plan as of December 31,
1997 and 1996, and for the years ended December 31, 1997 and 1996, which report
is included in this Annual Report on Form 11-K.
/S/ COOPERS & LYBRAND L.L.P.
---------------------------
Coopers & Lybrand L.L.P.
Philadelphia, Pennsylvania
June 24, 1998
|
|