SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d)OF THE
SECURITIES EXCHANGE ACT OF 1934
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
For the fiscal year ended: December 31, 1995
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934.
for the transition period from __________ to __________
Commission file number: 1-4850
A. Full title of plan and the address of the plan, if different from
that of the issuer named below:
CSC Outsourcing, Inc. CUTW Hourly Savings Plan
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Computer Sciences Corporation
2100 East Grand Avenue
El Segundo, California 90245
<PAGE>
CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
FOR THE FIVE MONTHS ENDED DECEMBER 31, 1995
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
FINANCIAL STATEMENTS:
<S> <C>
Statement of Net Assets Available for Benefits
As of December 31, 1995 ...............................................1
Statement of Changes in Net Assets Available for Benefits
For the Five Months Ended December 31, 1995 ...........................2
Notes to the Financial Statements .....................................3
SUPPLEMENTAL SCHEDULES:
Schedule of Assets Held for Investment Purposes ......................13
Schedule of Reportable Transactions ..................................14
</TABLE>
<PAGE>
COMPUTER SCIENCES CORPORATION
CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN
STATEMENTS OF NET ASSETS
AVAILABLE FOR BENEFITS
<TABLE>
<CAPTION>
December 31
1995
___________
<S> <C>
Assets
Investments:
Long-term Investments (Note 8) $513,792
Short-term Investments (Note 8) 7,159
________
Total Investments 520,951
________
Receivables:
Employee Contribution Receivable 2,307
Employer Contribution Receivable 1,184
Other Receivables 944
________
Total Receivables 4,436
________
Total Assets 525,387
________
Liabilities
Amounts Payable (Note 6) 2,637
________
Total Liabilities 2,637
________
Net Assets Available for Benefits $522,750
========
<FN>
See Notes to Financial Statements
</TABLE>
<PAGE>
COMPUTER SCIENCES CORPORATION
CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS
<TABLE>
<CAPTION>
December 31
1995
___________
<S> <C>
Additions to Net Assets Attributable to:
Investment Income:
Net Appreciation in Fair Value of Investments (Note 9) $ 13,179
Interest 1,362
Dividends 644
________
15,185
________
Contributions:
Employee 23,887
Employer 12,254
Transfers From Prior Plan (Note 7) 471,424
________
507,565
________
Total Additions 522,750
________
Deductions to Net Assets Attributable to:
Distributions to Participants (Note 1 & 6) -0-
________
Total Deductions -0-
________
Net Increase (Decrease) 522,750
Net Assets Available for Benefits:
Beginning of Year -0-
________
End of Year $522,750
========
<FN>
See Notes to Financial Statements
</TABLE>
<PAGE>
COMPUTER SCIENCES CORPORATION
CSC OUTSOURCING INC. CUTW HOURLY SAVINGS PLAN
NOTES TO THE FINANCIAL STATEMENTS
For the Five Months Ended December 31, 1995
Note 1 Description of the Plan
-----------------------
The following brief description of the CSC Outsourcing Inc. CUTW Hourly
Savings Plan (the "Plan") of Computer Sciences Corporation (the "Company") is
provided for general information purposes only. Participants should refer to
the Plan document for more complete information.
The Plan became effective August 5, 1995, as a result of the Company acquiring
certain employees of the Southern New England Telephone Company. The Plan is
administered by a committee consisting of four officers (the "Committee) who
are appointed by the Board of Directors of the Company and serve without
compensation, being reimbursed by the Company for all expenditures incurred in
the discharge of their duties as members of the Committee. The committee has
the power to interpret, construe and administer the Plan and to decide any
dispute which may arise under the Plan. The Trustee, The Bank of New York,
administers the Trust pursuant to a Trust Agreement entered into with the
Company. All administrative expenses incurred for services rendered to the
Plan shall be paid from the Trust to the extent not paid by the Company.
The Plan is a voluntary, contributory, defined contribution plan and is
intended to satisfy the requirements of Section 401(a) and 401(k) of the
Internal Revenue Code (the "Code").
The Company reserves the right to terminate the Plan at anytime. Upon such
termination, the participants' rights to the Company's contributions vest
immediately and the account balances are fully paid to the participants.
Eligibility and Participation
- -----------------------------
Employees are eligible to participate on specified enrollment dates if they
satisfy the Plan's eligibility requirements, are hourly paid employees of CSC
Outsourcing Inc. and are a member of a collective bargaining unit for which
participation in this Plan has been provided by negotiated agreement. A
rehired eligible employee is eligible to rejoin the Plan on the next
enrollment date.
There were approximately 33 participating employees at December 31, 1995.
Employee and Company Contributions
- ----------------------------------
A participant may authorize before-tax and after-tax contributions to the Plan
subject to a maximum level of contributions (a certain percentage of base
earnings), as specified by the
<PAGE>
bargaining agreement covering the employee. The Company will contribute, and
forward to the Trust fund 66-2/3% of the first 1% to 6% for the employee
matched contribution together with the participant's before-tax and after-tax
contribution.
The employees' base earnings deferred and contributed to the Trust fund cannot
exceed $9,240 for calendar year 1995, the maximum allowable under the Code.
Annual after-tax contributions to the Plan (including employee and Company
matching contributions) are limited to $30,000 for each participant. Any
compensation deferral in excess of $9,240 and any after-tax contributions with
matching Company contributions in excess of $30,000, together with income
allocable to those excess contributions will be returned to a participant.
Any matching Company contributions attributable to any excess contribution,
and income allocable thereto, will either be returned to the Company or
applied to reduce future matching Company contributions.
Vesting of Participants' Interests/Forfeitures
- ----------------------------------------------
Participants are 100 percent vested at all times in their before-tax, after-
tax contribution and Company matching accounts.
Distributable Amounts, Withdrawals and Refunds
- ----------------------------------------------
The entire balance in all accounts for participants who retire, die, become
disabled, or are discharged is distributed according to the provisions of the
Plan. There are no forfeitures. No amounts were distributed during 1995.
While still an employee, a participant may make an in-service withdrawal of
all or a part of the vested portion of his or her accounts attributable to
their contributions, as well as vested Company matching contributions, plus
the earnings on those amounts subject to the provisions of the Plan. Upon
written notice to the Committee, a participant may make a hardship withdrawal
of his or her before-tax and after-tax contributions, as well as Company
matching contributions if the Committee finds, after considering the
participant's request, that an adequate financial hardship and resulting need
for such amount has been demonstrated by the participant. A participant may
request a hardship withdrawal only if he or she first takes a loan of any
available monies in the Plan. Both types of withdrawals are subject to
certain restrictions as described in the Plan document. There were no
withdrawals in 1995.
<PAGE>
Federal Income Tax Consequences
- -------------------------------
The Plan is intended to qualify under Section 401(a) of the Code and, with
respect to its qualified cash or deferred arrangement, under Section 401(k) of
the Code. Since the requirements of Section 401(k) of the Code are satisfied,
the following tax consequences result:
(i) A participant would not be subject to federal income tax on Company
contributions to the Plan or on income or realized gains in Plan Accounts
attributable to the participant until a distribution from the Plan is made to
him or her.
(ii) The participant would be able to exclude from his or her income for
federal income tax purposes, the amount of his or her compensation deferral
contributions, subject to a maximum exclusion of $9,240 for 1995.
(iii) On distribution of a participant's vested interest in the Plan, the
participant generally would be subject to federal income taxation, except
that: (1) tax on "net unrealized appreciation" on any Company stock
distributed as a part of a "lump sum distribution" generally would be deferred
until the participant disposes of such stock, and (2) tax may be deferred to
the extent the participant is eligible for and complies with certain rules
permitting the "rollover" of a qualifying distribution to another retirement
plan, or individual retirement account.
Note 2 Summary of Significant Accounting Policies
------------------------------------------
The accounting and reporting policies followed in preparation of the financial
statements of the Plan of the Company conform with generally accepted
accounting principles. The following is a summary of the significant
policies.
Assets of the Plan
- ------------------
The assets of the Plan are held in a trust with five sub-accounts, which
represents the investment options. The investment income in the respective
sub-accounts is allocated to the participants. Contributions to, and payments
from, the Plan are specifically identified to the applicable sub-accounts
within the trust.
<PAGE>
Security Transactions
- ---------------------
Security transactions are accounted for on a trade date basis. Dividend
income is recorded on the ex-dividend date. Interest income is accounted for
on the accrual basis.
Participants in the Stock Fund may elect to receive distributions in
certificates for shares of the common stock of the Company.
Valuation of Investment Securities
- ----------------------------------
Investments in common stocks and mutual funds are stated at fair value based
upon closing sales prices reported on recognized securities exchanges on the
last business day of the month or, for the listed securities having no sales
reported and for unlisted securities, upon last reported bid prices on that
date. Investments in certificates of deposit, money market funds and
corporate debt instruments (commercial paper) are stated at cost which
approximates fair value.
Valuation of Interest in Pooled Separate Accounts
- -------------------------------------------------
The Plan's interest in pooled separate accounts represent guaranteed
investment contracts. The guaranteed investment contracts are valued at
contract value. Contract value represents contributions made by participants,
plus interest at the contract rates, less withdrawals or transfers by
participants.
Note 3 Income Tax Status
-----------------
The Company will apply for a determination letter within the applicable time
period, from the Internal Revenue Service substantiating that the Plan, as
amended, qualifies under Section 401(a) of the Code and, with respect to its
qualified cash or deferred arrangement, under Section 401(k) of the Code.
Note 4 Investment Funds
----------------
Participant contributions - Subject to rules the bargaining units have
adopted, each participant has the right to designate one or more of the
following investment funds established by the Committee for the investment of
his or her compensation deferral contributions and after-tax contributions in
percentages determined by the bargaining unit.
<PAGE>
The Fixed Income Fund.
The fund is invested in contracts with insurance companies and other financial
institutions. These institutions assure repayment of principal with interest
at a fixed rate of return for the life of each contract. This is a commitment
by the insurance company or the financial institution to make agreed upon
payments and that agreement is not secured, insured or guaranteed by the
Company or any other third party. The interest income earned by these
contracts is reported as a blended rate.
The Balanced Fund.
The fund is invested with Brinson Trust Company. The Brinson Trust U.S.
Balanced Fund is an actively managed portfolio which applies their asset
allocation expertise to U.S. stocks, bonds and cash. Brinson Partners' U.S.
balanced investment strategy is developed in the context of their global asset
allocation process and is based on analysis of long term economic and market
conditions. The stock portfolio will typically consist of large, intermediate
and small companies which they believe offer sound value to the investor. The
bond portion of the portfolio emphasizes high quality and is primarily
invested in U.S. Treasury, government agency and corporate issues. This
fund's investment objective is to maximize total return, consisting of capital
appreciation and current income, without assuming undue risk.
The Active Equity Fund.
The fund is invested with Brinson Trust Company. The Brinson Trust U.S. Equity
Portfolio is invested in common stocks traded in the U.S. The fund's
objective is to maximize total return which consists of capital appreciation
and current income. The fund's investment philosophy is to utilize the firm's
extensive in-house research in the stock selection process.
The Stock Index Fund.
The fund is invested with the Mellon Capital Management Stock Index Fund. The
fund is designed to closely follow or track the movement of the Standard &
Poor's 500 Composite Price Index (S&P 500), with enhancement to the index.
This fund provides an opportunity to invest in a broadly diversified portfolio
of U.S. stocks using a passive or "indexed" approach.
<PAGE>
The Company Stock Fund.
Amounts allocated to this investment alternative will be used to purchase
shares of CSC common stock which will be held for the benefit of the
participant. The performance of this investment will depend upon the
performance of CSC's stock. The Trustee may purchase Company stock on
national securities exchanges or elsewhere.
In accordance with rules established by the Committee, participants may change
their investment elections as of the first day of the first payroll period in
the month, if filed within the prescribed time, by delivering an election form
to the Company. Participants may transfer their existing account balances in
1 percent increments. Transfer elections are effective as of the first day of
the month, or the second month if the participants election form is not filed
within the time prescribed by the Committee, following the month in which the
participant files his election form with the Company.
Company contributions - In accordance with the provisions of the Plan, the
Trustee must promptly invest matching Company contributions paid into the
Trust Fund in the same fund as the participant contributions.
Number of Participants
The approximate number of participants having account balances in each of the
five separate funds at December 31, 1995 was as follows:
<TABLE>
<CAPTION>
Investment Fund Number of Participants
<S> <C>
The Fixed Income Fund 18
The Balanced Fund 10
The Active Equity Fund 18
The Index Equity Fund 11
The CSC Stock Fund 31
</TABLE>
The sum of the number of participants shown above is greater than the total
number of participants in the Plan because many are participating in more than
one fund.
<PAGE>
Note 5 Participant Loans
-----------------
The Plan has a loan provision in place which is available to participants
covered by the bargaining unit. As of December 31, 1995, $18,413 of loans
were outstanding.
Note 6 Benefits Payable
----------------
The Plan complies with the AICPA Audit and Accounting Guide, Audits of
Employee Benefit Plans. The guide recommends that benefits payable to persons
who have withdrawn from participation in a defined contribution plan be
disclosed in the footnotes to the financial statements rather than be recorded
as a liability of the Plan. As of December 31, 1995, net assets available for
benefits included no benefits due to participants who have withdrawn from
participation in the Plan.
Note 7 Merging of Plans
----------------
The Plan received $453,011 on November 15, 1995 and $18,413 on December 29,
1995 from Boston Safe Deposit & Trust Co. These amounts represent the balances
of 23 participants as of November 14, 1995.
<PAGE>
Note 8 Investments 1995
----------------
<TABLE>
<CAPTION>
Shares/Par Value Cost Fair Value
________________ ________ __________
<S> <C> <C> <C>
Fixed Income Fund
Payden & Rygel 53,364 $ 52,725 $ 52,811
Payden & Rygel Short-Term Fund 1,482 1,482 1,482
BNY Short-Term Money Market Fund 4 4 4
Balanced Fund
Brinson Trust Company Inc.
U.S. Bond Fund sh. 209 21,612 22,021
U.S. Stock Fund 75 15,450 16,162
U.S. Cash Management Fund 2,136 2,136 2,136
BNY Short-Term Money Market Fund 158 158 158
Active Equity Fund
Brinson Trust Company, Inc.
U.S. Equity Portfolio sh. 666 154,357 161,068
BNY Short-Term Money Market Fund 193 193 193
Stock Index Fund
Mellon Bank N.A.
Mellon EB Stock Index Fund sh. 154 27,815 28,633
Mellon Temporary Investment Fund 328 328 328
BNY Short-Term Money Market Fund 184 184 184
Company Stock Fund
Computer Sciences Common Stock sh. 3,056 210,665 214,684
BNY Short-Term Money Market Fund 2,674 2,674 2,674
CSC Employee Loan Fund
Participant Loans 18,413 18,413 18,413
________ ________
$508,196 $520,951
======== ========
Total Long-Term Investments $501,037 $513,792
Total Short-Term Investments 7,159 7,159
________ ________
$508,196 $520,951
======== ========
</TABLE>
<PAGE>
Note 9 Statements of Net Assets Available for Benefits by Fund
-------------------------------------------------------
<TABLE>
<CAPTION>
December 31, 1995
________________________________________________________
Fixed Balanced Active Index Company Loan
Income Fund Equity Equity Stock Fund
_______ ________ ________ _______ ________ _______
<S> <C> <C> <C> <C> <C> <C>
Assets
Long-term
Investments $52,811 $38,183 $161,068 $28,633 $214,684 $18,413
Short-term
Investments 1,487 2,293 193 512 2,674 -0-
Other Assets 1,296 168 190 182 2,600 -0-
_______ _______ ________ _______ ________ _______
Total Assets 55,594 40,644 161,451 29,327 219,958 18,413
Liabilities
Amounts Payable -0- -0- -0- -0- 2,637 -0-
_______ _______ ________ _______ ________ _______
Total Liabilities -0- -0- -0- -0- 2,637 -0-
_______ _______ ________ _______ ________ _______
Net Assets
Available for
Benefits $55,594 $40,644 $161,451 $29,327 $217,321 $18,413
======= ======= ======== ======= ======== =======
</TABLE>
<PAGE>
Note 9 Statements of Changes in Net Assets Available for Benefits by Fund
------------------------------------------------------------------
<TABLE>
<CAPTION>
December 31, 1995
________________________________________________________
Fixed Balanced Active Index Company Loan
Income Fund Equity Equity Stock Fund
_______ ________ ________ _______ ________ _______
<S> <C> <C> <C> <C> <C> <C>
Additions to
Net Assets
Attributable to:
Investment Income
Net Appreciation
in Fair Value of
Investments $ 510 $ 1,121 $ 6,711 $ 818 $ 4,019 $ -0-
Interest Income 930 35 23 16 358 -0-
Dividend Income -0- 122 356 166 -0- -0-
_______ _______ ________ _______ ________ _______
1,440 1,278 7,090 1,000 4,377 -0-
_______ _______ ________ _______ ________ _______
Contributions
Employee 3,958 1,592 1,925 1,861 14,551 -0-
Employer -0- -0- -0- -0- 12,254 -0-
Transfers From
Prior Plan 50,196 37,774 152,436 26,466 186,139 18,413
_______ _______ ________ _______ ________ _______
54,154 39,366 154,361 28,327 212,944 18,413
_______ _______ ________ _______ ________ _______
Total Additions 55,594 40,644 161,451 29,327 217,321 18,413
Deductions to
Net Assets
Attributable to:
Distributions to
Participants -0- -0- -0- -0- -0- -0-
_______ _______ ________ _______ ________ _______
Total Deductions
_______ _______ ________ _______ ________ _______
Net Increase 55,594 40,644 161,451 29,327 217,321 18,413
_______ _______ ________ _______ ________ _______
Net Assets Available
for Benefits:
Beginning of Year -0- -0- -0- -0- -0- -0-
_______ _______ ________ _______ ________ _______
End of Year $55,594 $40,644 $161,451 $29,327 $217,321 $18,413
======= ======= ======== ======= ======== =======
</TABLE>
<PAGE>
1995
Form 5500 Item 27(a)
Computer Sciences Corporation
EIN 88-0276684
CSC Outsourcing Inc. CUTW Hourly Savings Plan
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
<TABLE>
<CAPTION>
(e)Current
(a) (b)Issuer (c)Description of Investment (d)Cost Value
___ _________________ ______________________________ ________ _________
<S> <C> <C> <C> <C>
Payden & Rygel Actively Managed Bond Fund $ 52,725 $ 52,811
Brinson Trust
Company, Inc. Mutual Fund - U.S. Bond Fund 21,612 22,021
Brinson Trust
Company, Inc. Mutual Fund - U.S. Stock Fund 15,451 16,162
Brinson Trust
Company, Inc. Mutual Fund -
U.S. Equity Portfolio 154,357 161,068
Mellon Bank N.A. Mutual Fund -
Index Performance Fund 27,815 28,633
* Computer Sciences
Corporation Common Stock 210,665 214,684
Computer Sciences
Corporation Employee Loan Fund 18,413 18,413
Payden & Rygel Short-Term U.S. Agencies Fund 1,304 1,304
Brinson Trust
Company, Inc. U.S. Cash Management Fund 2,136 2,136
Mellon Bank N.A. Mellon Bank Temporary
Investment Fund 328 328
* Bank of New York BNY Short-Term Money Market Fund 3,391 3,391
________ ________
Total Assets Held for Investment Purposes $508,196 $520,951
======== ========
<FN>
* represents party in interest
</TABLE>
<PAGE>
1995
Form 5500 Item 27(d)
Computer Sciences Corporation
EIN 88-0276684
CSC Outsourcing Inc. CTUW Hourly Savings Plan
SCHEDULE OF REPORTABLE TRANSACTIONS
<TABLE>
<CAPTION>
(h)
Current
Value (i)
(g) of Net
(c) (d) Cost Asset on Gain
(a)Identity of (b)Description Purchase Selling of Transaction or
Party Involved of Asset Price Price Asset Date (Loss)
______________ ______________ ________ _______ _____ ___________ ______
<S> <C> <C> <C> <C> <C> <C>
Single Transactions in Excess of 5%
Bank of BNY Short-Term
New York Money Market
Fund
- Purchases $ 449 $ 449 $ 449
181 181 181
219 219 219
211 211 211
2,868 2,868 2,868
391 391 391
157 157 157
190 190 190
184 184 184
2,704 2,704 2,704
3 3 3
391 391 391
3 3 3
157 157 157
190 190 190
184 184 184
12 12 12
2,691 2,691 2,691
391 391 391
157 157 157
190 190 190
184 184 184
2,672 2,672 2,672
396 396 396
159 159 159
192 192 192
186 186 186
1,733 1,733 1,733
7 7 7
3 3 3
4 4 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(h)
Current
Value (i)
(g) of Net
(c) (d) Cost Asset on Gain
(a)Identity of (b)Description Purchase Selling of Transaction or
Party Involved of Asset Price Price Asset Date (Loss)
______________ ______________ ________ _______ _____ ___________ ______
<S> <C> <C> <C> <C> <C> <C>
Bank of BNY Short-Term
New York Money Market
Fund
- - Purchases $ 3 $ 3 $ 3
10 10 10
394 394 394
158 158 158
191 191 191
179 179 179
2,677 2,677 2,677
453,011 453,011 453,011
4,772 4,772 4,772
3,693 3,693 3,693
1,633 1,633 1,633
186,139 186,139 186,139
390 390 390
157 157 157
190 190 190
184 184 184
2,652 2,652 2,652
1,252 1,252 1,252
422 422 422
13 13 13
12 12 12
4 4 4
323 323 323
383 383 383
154 154 154
186 186 186
7 7 7
173 173 173
2,606 2,606 2,606
94 94 94
391 391 391
157 157 157
190 190 190
184 184 184
2,653 2,653 2,653
4 4 4
4 4 4
1,259 1,259 1,259
- Sales $ 5,531 5,531 5,531
5,416 5,416 5,416
1,672 1,672 1,672
954 954 954
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(h)
Current
Value (i)
(g) of Net
(c) (d) Cost Asset on Gain
(a)Identity of (b)Description Purchase Selling of Transaction or
Party Involved of Asset Price Price Asset Date (Loss)
______________ ______________ ________ _______ _____ ___________ ______
<S> <C> <C> <C> <C> <C> <C>
Bank of BNY Short-Term
New York Money Market
Fund
- Sales $ 2,703 $ 2,703 $ 2,703
402,815 402,815 402,815
53,000 53,000 53,000
1,599 1,599 1,599
188,835 188,835 188,835
5,904 5,904 5,904
5,060 5,060 5,060
1,995 1,995 1,995
94 94 94
167 167 167
198 198 198
184 184 184
2,912 2,912 2,912
1,200 1,200 1,200
2,057 2,057 2,057
Brinson Trust
Company Inc. U.S. Bond Fund
- Purchases $ 18,151 18,151 18,151
3,367 3,367 3,367
93 93 93
Brinson Trust
Company Inc. U.S. Stock Fund
- Purchases 13,201 13,201 13,201
2,221 2,221 2,221
29 29 29
Brinson Trust U.S. Equity
Company Inc. Portfolio
- Purchases 148,743 148,743 148,743
5,060 5,060 5,060
356 356 356
198 198 198
Brinson Trust U.S. Cash
Company Inc. Management Fund
- Purchases 1,650 1,650 1,650
3 3 3
316 316 316
167 167 167
Mellon Bank Mellon EB Stock
N.A. Index
Performance
Fund
- Purchases 874 874 874
2 2 2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(h)
Current
Value (i)
(g) of Net
(c) (d) Cost Asset on Gain
(a)Identity of (b)Description Purchase Selling of Transaction or
Party Involved of Asset Price Price Asset Date (Loss)
______________ ______________ ________ _______ _____ ___________ ______
<S> <C> <C> <C> <C> <C> <C>
Mellon Bank Mellon EB Stock
N.A. Index
Performance
Fund
- Purchases $ 24,760 $ 24,760 $ 24,760
94 94 94
2,015 2,015 2,015
70 70 70
Mellon Bank EB Temporary
N.A. Investment
Fund
- Purchases 960 960 960
24,833 24,833 24,833
4 4 4
1,995 1,995 1,995
144 144 144
184 184 184
- Sales $ 874 874 874
24,760 24,760 24,760
2,015 2,015 2,015
144 144 144
Payden & Rygel Corporate &
Investment Government
Counsel Bonds
- Purchases 9,184 9,184 9,184
5,270 5,270 5,270
- Sales 11,927 11,587 11,927 $340
2,295 2,270 2,295 24
Payden & Rygel Short-Term U.S.
Investment Agencies Notes
Counsel
- Purchases 4,109 4,109 4,109
1,305 1,305 1,305
- Sales 5,232 5,173 5,232 60
Computer Computer
Sciences Corp. Sciences Corp.
Common Stocks
- Purchases 6,375 6,375 6,375
5,531 5,531 5,531
1,672 1,672 1,672
2,703 2,703 2,703
188,835 188,835 188,835
2,912 2,912 2,912
2,637 2,637 2,637
</TABLE>
<PAGE>
1995
Form 5500 Item 27(d)
Computer Sciences Corporation
EIN 88-0276684
CSC Outsourcing Inc. CUTW Hourly Savings Plan
SCHEDULE OF REPORTABLE TRANSACTIONS
<TABLE>
<CAPTION>
(h)
Current
Value (i)
(g) of Net
(c) (d) Cost Asset on Gain
(a)Identity of (b)Description Purchase Selling of Transaction or
Party Involved of Asset Price Price Asset Date (Loss)
______________ ______________ ________ _______ _____ ___________ ______
<S> <C> <C> <C> <C> <C> <C>
Series Transactions in the Aggregate in Excess of 5%
Bank of BNY Short-Term
New York Money Market
Fund
- Purchases $684,363 $684,363 $684,363
- Sales
$682,296 682,296 682,296
Brinson Trust U.S. Bond Fund
Company Inc.
- Purchases 21,612 21,612 21,612
Brinson Trust U.S. Stock Fund
Company Inc.
- Purchases 15,451 15,451 15,451
Brinson Trust U.S. Equity
Company Inc. Portfolio
- Purchases 154,357 154,357 154,357
Brinson Trust U.S. Cash
Company Inc. Management Fund
- Purchases 2,136 2,136 2,136
Mellon Bank Mellon EB Stock
N.A. Index
Performance
Fund
- Purchases 27,815 27,815 27,815
Mellon Bank EB Temporary
N.A. Investment Fund
- Purchases 28,121 28,121 28,121
- Sales 27,793 27,793 27,793
Payden & Rygel Corporate &
Investment Government
Counsel Bonds
- Purchases 14,453 14,453 14,453
- Sales 14,221 13,857 14,221 $364
Payden & RygeL Short-Term U.S.
Investment Agencies Notes
Counsel
- Purchases 5,414 5,414 5,414
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
(h)
Current
Value (i)
(g) of Net
(c) (d) Cost Asset on Gain
(a)Identity of (b)Description Purchase Selling of Transaction or
Party Involved of Asset Price Price Asset Date (Loss)
______________ ______________ ________ _______ _____ ___________ ______
<S> <C> <C> <C> <C> <C> <C>
Payden & Rygel Short-Term U.S.
Investment Agencies
Counsel Notes
- Sales $ 5,232 $ 5,173 $ 5,232 $ 60
Computer Computer
Sciences Corp. Sciences Corp.
Common Stocks
- Purchases $210,665 210,665 210,665
</TABLE>
<PAGE>
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Act of 1934, the
Computer Sciences Corporation Retirement Committee has duly caused this annual
report to be signed on its behalf by the undersigned thereunto duly
authorized.
CSC Outsourcing Inc. CUTW Hourly Savings Plan
Date: February 6, 1996 By: /S/ Leon J. Level
____________________________
Leon J. Level
Chairman,
Computer Sciences Corporation
Retirement Plans Committee
