PAGE 1
================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
SAVINGS AND INVESTMENT PLAN
OF E. I. DU PONT DE NEMOURS AND COMPANY
(FULL TITLE OF THE PLAN)
E. I. DU PONT DE NEMOURS AND COMPANY
1007 MARKET STREET
WILMINGTON, DELAWARE 19898
(NAME AND ADDRESS OF PRINCIPAL EXECUTIVE OFFICE OF ISSUER)
================================================================
<PAGE>
PAGE 2
INDEX
-----
Page(s)
-------
Report of Independent Accountants ..................... 4
Financial Statements:
Statement of Net Assets Available for Plan
Benefits, with Fund Information as of
September 30, 1998 and 1997 ....................... 5-16
Statement of Changes in Net Assets Available
for Plan Benefits, with Fund Information for
the Years Ended September 30, 1998 and 1997........ 17-28
Notes to Financial Statements ....................... 29-38
Supplemental Schedules*:
Schedule I: Schedule of Assets Held for Investment
Purposes at September 30, 1998 .................... 39-41
Schedule II: Schedule of Reportable Transactions
for the Year Ended September 30, 1998 ............. 42
EXHIBITS
--------
Exhibit
Number Description
------- -----------
24 Consent of Independent Accountants
- ----------------
*Other supplemental schedules required by Section 2520.103-10 of
the Department of Labor Rules and Regulations for Reporting and
Disclosure under ERISA have been omitted because they are not
applicable.
<PAGE>
PAGE 3
Pursuant to the requirements of the Securities and
Exchange Act of 1934, E. I. du Pont de Nemours and Company has
duly caused this Annual Report to be signed by the undersigned
hereunto duly authorized.
Savings and Investment Plan of
E. I. du Pont de Nemours and Company
Date: March 25, 1999
By /s/ June R. Cohen
------------------------------------
June R. Cohen
Director - Accounting, Benefits
and Compensation
<PAGE>
PAGE 4
REPORT OF INDEPENDENT ACCOUNTANTS
To the Participants and Administrator of the Savings and
Investment Plan of E. I. du Pont de Nemours and Company
In our opinion, the financial statements as listed in
the accompanying index present fairly, in all material respects,
the net assets available for plan benefits of the Savings and
Investment Plan of E. I. du Pont de Nemours and Company (the
"Plan") at September 30, 1998 and 1997, and the changes in net
assets available for plan benefits for the years then ended, in
conformity with generally accepted accounting principles. These
financial statements are the responsibility of the Plan Admin-
istrator; our responsibility is to express an opinion on these
financial statements based on our audits. We conducted our
audits of these statements in accordance with generally accepted
auditing standards which 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, assessing
the accounting principles used and significant estimates made by
the Plan Administrator, and evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for the opinion expressed above.
Our audits were performed for the purpose of forming an
opinion on the basic financial statements taken as a whole. The
additional information included in Schedules I and II is not a
required part of the basic financial statements but is addi-
tional information required by ERISA. The Fund Information in
the statement of net assets available for benefits and the
statement of changes in net assets available for benefits is
presented for purposes of additional analysis rather than to
present the net assets available for plan benefits and changes
in net assets available for benefits of each fund. Schedules I
and II and the Fund Information 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.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
March 22, 1999
<PAGE>
<TABLE>
PAGE 5
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1998
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------
3-Way DuPont
Fixed Fidelity Asset Common
Income Magellan Allocation Stock Loan
Fund Fund Fund Fund Fund
------------- ----------- ---------- ------------- --------
<S> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $1,071,887) ............... $1,757,839<Fa>
Mutual Funds
(Cost $1,250,097) ............... $558,167<Fa>
Common/Collective Trusts
(Cost $696,768) ................. $168,482
Short-Term Investments and Cash
(Cost $38,471) .................. $ 34,743 535 161 1,681
Loans to Participants ............. $179,497
---------- -------- -------- ---------- --------
34,743 558,702 168,643 1,759,520 179,497
Investments, at contract value
Fixed Income Fund
(Contract Value $5,522,067) ..... 5,522,067<Fa>
---------- -------- -------- ---------- --------
Total Investments ............... 5,556,810 558,702 168,643 1,759,520 179,497
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 16,134 2,659 665 5,439
---------- -------- -------- ---------- --------
Net Assets Available for Plan
Benefits .......................... $5,572,944 $561,361 $169,308 $1,764,959 $179,497
========== ======== ======== ========== ========
Unit or Share Values (Note 2) ....... $ 100.00 $ 97.52 $ 21.91 $ 56.25
========== ======== ======== ==========
<FN>
- -------------------------
<Fa> Represents more than 5% of the net assets available for benefits.
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 6
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
---------------------------------------------------------------------
Merrill
Merrill Lynch Merrill Merrill
Merrill Merrill Lynch Small Lynch Lynch
Lynch Lynch Basic Company Int'l Equity
Global Capital Value Stock Stock Index
Holdings Fund Fund Index Index Tier 6
-------- -------- -------- ------- ------- -----------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $1,071,887) ...............
Mutual Funds
(Cost $1,250,097) ............... $50,137 $ 97,609 $169,634
Common/Collective Trusts
(Cost $696,768) ................. $12,286 $6,102 $616,449<Fa>
Short-Term Investments and Cash
(Cost $38,471) .................. 48 94 163 12 6 590
Loans to Participants .............
------- -------- -------- ------- ------ --------
50,185 97,703 169,797 12,298 6,108 617,039
Investments, at contract value
Fixed Income Fund
(Contract Value $5,522,067) .....
------- -------- -------- ------- ------ --------
Total Investments ............... 50,185 97,703 169,797 12,298 6,108 617,039
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 307 545 896 95 54 2,141
------- -------- -------- ------- ------ --------
Net Assets Available for Plan
Benefits .......................... $50,492 $ 98,248 $170,693 $12,393 $6,162 $619,180
======= ======== ======== ======= ====== ========
Unit or Share Values (Note 2) ....... $ 12.97 $ 31.75 $ 34.50 $ 9.29 $ 9.79 $ 69.34
======= ======== ======== ======= ====== ========
<FN>
- -------------------------
<Fa> Represents more than 5% of the net assets available for benefits.
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 7
SAVINGS AND INVESTMENT PLAN
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1998 (Continued)
(Dollars In Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------------
Conservative Moderate Aggressive
Asset Asset Asset
Allocation Allocation Allocation AIM AIM Fidelity
Portfolio Portfolio Portfolio Constellation A Value A Fund
------------ ---------- ---------- --------------- ------- --------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $1,071,887) ...............
Mutual Funds
(Cost $1,250,097) .............. $10,918 $23,394 $28,331
Common/Collective Trusts
(Cost $696,768) ................. $7,613 $13,830 $12,587
Short-Term Investments and Cash
(Cost $38,471) .................. 7 13 12 10 22 27
Loans to Participants .............
------ ------ ------ ------ ------ ------
7,620 13,843 12,599 10,928 23,416 28,358
Investments, at contract value
Fixed Income Fund
(Contract Value $5,522,067) .....
------ ------ ------ ------ ------ ------
Total Investments ............... 7,620 13,843 12,599 10,928 23,416 28,358
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 20 100 143 129 199 193
------ ------- ------- ------- ------ ------
Net Assets Available for Plan
Benefits .......................... $7,640 $13,943 $12,742 $11,057 $23,615 $28,551
====== ======= ======= ======= ======= =======
Unit or Share Values (Note 2) ....... $10.91 $10.64 $10.64 $25.13 $33.80 $30.00
====== ====== ====== ====== ======= =======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 8
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-------------------------------------------------------------------------
Franklin
Fidelity Fidelity Fidelity Balance Franklin
Equity Growth & Low-Priced Sheet Franklin Small Cap
Income Income Stock Investment Growth I Growth I
-------- -------- ---------- ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $1,071,887) ...............
Mutual Funds
(Cost $1,250,097) ............... $31,297 $67,932 $50,300 $23,248 $5,907 $39,185
Common/Collective Trusts
(Cost $696,768) .................
Short-Term Investments and Cash
(Cost $38,471) .................. 30 65 48 22 5 38
Loans to Participants .............
------- ------- ------- ------- ------ -------
31,327 67,997 50,348 23,270 5,912 39,223
Investments, at contract value
Fixed Income Fund
(Contract Value $5,522,067) .....
------- ------- ------- ------- ------ -------
Total Investments ............... 31,327 67,997 50,348 23,270 5,912 39,223
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 240 486 412 188 48 429
------- ------- ------- ------- ------ -------
Net Assets Available for Plan
Benefits .......................... $31,567 $68,483 $50,760 $23,458 $5,960 $39,652
======= ======= ======= ======= ====== =======
Unit or Share Values (Note 2) ....... $ 49.60 $ 38.62 $ 20.63 $ 31.25 $28.58 $ 18.59
======= ======= ======= ======= ====== =======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 9
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------
Hotchkis Merrill MFS
& Wiley Janus Janus Lynch MFS Total
Int'l Enterprise Mercury Growth A Research A Return A
-------- ---------- ------- -------- ---------- --------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $1,071,887) ...................
Mutual Funds
(Cost $1,250,097) ................... $26,563 $3,475 $26,102 $25,836 $18,290 $3,441
Common/Collective Trusts
(Cost $696,768) .....................
Short-Term Investments and Cash
(Cost $38,471) ...................... 26 3 25 25 18 3
Loans to Participants .................
------- ------ ------ ------- ------ ------
26,589 3,478 26,127 25,861 18,308 3,444
Investments, at contract value
Fixed Income Fund
(Contract Value $5,522,067) .........
------- ------ ------ ------- ------ ------
Total Investments ................... 26,589 3,478 26,127 25,861 18,308 3,444
Receivables
Due from E. I. du Pont de Nemours
and Company ......................... 226 34 226 273 170 29
------- ------ ------ ------- ------ ------
Net Assets Available for Plan
Benefits .............................. $26,815 $3,512 $26,353 $26,134 $18,478 $3,473
======= ====== ====== ======= ====== ======
Unit or Share Values (Note 2) ........... $ 20.68 $30.39 $20.10 $ 21.08 $21.45 $16.06
======= ====== ====== ======= ====== ======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 10
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
--------------------------
Templeton Templeton Total
Foreign I Growth I All Funds
--------- --------- ----------
<S> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $1,071,887) ................... $1,757,839
Mutual Funds
(Cost $1,250,097) ................... $23,463 $16,327 1,299,556
Common/Collective Trusts
(Cost $696,768) ..................... 837,349
Short-Term Investments and Cash
(Cost $38,471) ...................... 23 16 38,471
Loans to Participants ................. 179,497
------- ------- ----------
23,486 16,343 4,112,712
Investments, at contract value
Fixed Income Fund
(Contract Value $5,522,067) ......... 5,522,067
------- ------- ----------
Total Investments ................... 23,486 16,343 9,634,779
Receivables
Due from E. I. du Pont de Nemours
and Company ......................... 211 141 32,832
------- ------- ----------
Net Assets Available for Plan
Benefits .............................. $23,697 $16,484 $9,667,611
======= ======= ==========
Unit or Share Values (Note 2) ........... $ 8.45 $ 17.20
======= =======
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
PAGE 11
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1997
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------
3-Way DuPont
Fixed Fidelity Asset Common
Income Magellan Allocation Stock Loan
Fund Fund Fund Fund Fund
------------- ----------- ---------- ------------- --------
<S> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $850,991) ................. $1,847,491<Fa>
Mutual Funds
(Cost $963,863) ................. $571,985<Fa>
Common/Collective Trusts
(Cost $679,228) ................. $159,709
Short-Term Investments and Cash
(Cost $41,101) .................. $ 38,831 440 121 1,081
Loans to Participants.............. $185,745
---------- -------- -------- ---------- --------
38,831 572,425 159,830 1,848,572 185,745
Investments, at contract value
Fixed Income Fund
(Contract Value $5,532,584) ..... 5,532,584<Fa>
---------- -------- -------- ---------- --------
Total Investments ............... 5,571,415 572,425 159,830 1,848,572 185,745
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 18,062 2,817 732 4,787
---------- -------- -------- ---------- --------
Net Assets Available for Plan
Benefits .......................... $5,589,477 $575,242 $160,562 $1,853,359 $185,745
========== ======== ======== ========== ========
Unit or Share Values (Note 2) ....... $ 100.04 $ 99.85 $ 19.15 $ 61.56<Fb>
========== ======== ======== ==========
<FN>
- -------------------------
<Fa> Represents more than 5% of the net assets available for benefits.
<Fb> Reflects stock split which occurred on June 12, 1997.
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 12
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
---------------------------------------------------------------------
Merrill
Merrill Lynch Merrill Merrill
Merrill Merrill Lynch Small Lynch Lynch
Lynch Lynch Basic Company Int'l Equity
Global Capital Value Stock Stock Index
Holdings Fund Fund Index Index Tier 6
-------- -------- -------- ------- ------- -----------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $850,991) .................
Mutual Funds
(Cost $963,863) ................. $83,878 $119,539 $186,304
Common/Collective Trusts
(Cost $679,228) ................. $12,487 $1,864 $584,721<Fa>
Short-Term Investments and Cash
(Cost $41,101) .................. 72 115 127 4 1 232
Loans to Participants..............
------- -------- -------- ------- ------ --------
83,950 119,654 186,431 12,491 1,865 584,953
Investments, at contract value
Fixed Income Fund
(Contract Value $5,532,584) .....
------- -------- -------- ------- ------ --------
Total Investments ............... 83,950 119,654 186,431 12,491 1,865 584,953
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 507 673 1,005 68 15 2,186
------- -------- -------- ------- ------ --------
Net Assets Available for Plan
Benefits .......................... $84,457 $120,327 $187,436 $12,559 $1,880 $587,139
======= ======== ======== ======= ====== ========
Unit or Share Values (Note 2) ....... $ 16.55 $ 35.53 $ 38.02 $ 11.48 $10.07 $ 63.63
======= ======== ======== ======= ====== ========
<FN>
- -------------------------
<Fa> Represents more than 5% of the net assets available for benefits.
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 13
SAVINGS AND INVESTMENT PLAN
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1997 (Continued)
(Dollars In Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------------
Conservative Moderate Aggressive
Asset Asset Asset
Allocation Allocation Allocation AIM AIM Fidelity
Portfolio Portfolio Portfolio Constellation A Value A Fund
------------ ---------- ---------- --------------- ------- --------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $850,991) .................
Mutual Funds
(Cost $963,863) ................. $4,441 $5,342 $2,456
Common/Collective Trusts
(Cost $679,228) ................. $3,334 $9,026 $6,892
Short-Term Investments and Cash
(Cost $41,101) .................. 1 3 1 2 2 1
Loans to Participants..............
------ ------ ------ ------ ------ ------
3,335 9,029 6,893 4,443 5,344 2,457
Investments, at contract value
Fixed Income Fund
(Contract Value $5,532,584) .....
------ ------ ------ ------ ------ ------
Total Investments ............... 3,335 9,029 6,893 4,443 5,344 2,457
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 13 40 59 34 43 11
------ ------ ------ ------ ------ ------
Net Assets Available for Plan
Benefits .......................... $3,348 $9,069 $6,952 $4,477 $5,387 $2,468
====== ====== ====== ====== ====== ======
Unit or Share Values (Note 2) ....... $10.41 $10.53 $10.61 $31.23 $36.73 $30.19
====== ====== ====== ====== ====== ======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 14
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-------------------------------------------------------------------------
Franklin
Fidelity Fidelity Fidelity Balance Franklin
Equity Growth & Low-Priced Sheet Franklin Small Cap
Income Income Stock Investment Growth I Growth I
-------- -------- ---------- ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $850,991) .................
Mutual Funds
(Cost $963,863) ................. $16,603 $16,837 $34,459 $17,573 $2,554 $26,804
Common/Collective Trusts
(Cost $679,228) .................
Short-Term Investments and Cash
(Cost $41,101) .................. 5 5 11 6 1 9
Loans to Participants .............
------- ------- ------- ------- ------ -------
16,608 16,842 34,470 17,579 2,555 26,813
Investments, at contract value
Fixed Income Fund
(Contract Value $5,532,584) .....
------- ------- ------- ------- ------ -------
Total Investments ............... 16,608 16,842 34,470 17,579 2,555 26,813
Receivables
Due from E. I. du Pont de Nemours
and Company ..................... 141 117 225 134 23 176
------- ------- ------- ------- ------ -------
Net Assets Available for Plan
Benefits .......................... $16,749 $16,959 $34,695 $17,713 $2,578 $26,989
======= ======= ======= ======= ====== =======
Unit or Share Values (Note 2) ....... $ 53.04 $ 37.16 $ 25.75 $ 36.25 $27.09 $ 26.11
======= ======= ======= ======= ====== =======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 15
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------
Hotchkis Merrill MFS
& Wiley Janus Janus Lynch MFS Total
Int'l Enterprise Mercury Growth A Research A Return A
-------- ---------- ------- -------- ---------- --------
<S> <C> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $850,991) .....................
Mutual Funds
(Cost $963,863) ..................... $17,936 $ 671 $2,053 $31,484 $8,703 $1,736
Common/Collective Trusts
(Cost $679,228) .....................
Short-Term Investments and Cash
(Cost $41,101) ...................... 5 1 10 3
Loans to Participants .................
------- ------ ------ ------- ------ ------
17,941 671 2,054 31,494 8,706 1,736
Investments, at contract value
Fixed Income Fund
(Contract Value $5,532,584) .........
------- ------ ------ ------- ------ ------
Total Investments ................... 17,941 671 2,054 31,494 8,706 1,736
Receivables
Due from E. I. du Pont de Nemours
and Company ......................... 143 4 21 219 76 11
------- ------ ------ ------- ------ ------
Net Assets Available for Plan
Benefits .............................. $18,084 $ 675 $2,075 $31,713 $8,782 $1,747
======= ====== ====== ======= ====== ======
Unit or Share Values (Note 2) ........... $ 24.86 $31.98 $19.18 $ 33.83 $22.69 $16.92
======= ====== ====== ======= ====== ======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 16
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS,
WITH FUND INFORMATION
SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands, Except Unit or Share Values)
<CAPTION>
FUND INFORMATION
--------------------------
Templeton Templeton Total
Foreign I Growth I All Funds
--------- --------- ----------
<S> <C> <C> <C>
Investments, at fair value
(Notes 1, 2 and 3)
DuPont Company Common Stock
(Cost $850,991) ..................... $1,847,491
Mutual Funds
(Cost $963,863) ..................... $20,189 $14,157 1,185,704
Common/Collective Trusts
(Cost $679,228) ..................... 778,033
Short-Term Investments and Cash
(Cost $41,101) ...................... 6 5 41,101
Loans to Participants ................. 185,745
------- ------- ----------
20,195 14,162 4,038,074
Investments, at contract value
Fixed Income Fund
(Contract Value $5,532,584) ......... 5,532,584
------- ------- ----------
Total Investments ................... 20,195 14,162 9,570,658
Receivables
Due from E. I. du Pont de Nemours
and Company ......................... 160 93 32,595
------- ------- ----------
Net Assets Available for Plan
Benefits .............................. $20,355 $14,255 $9,603,253
======= ======= ==========
Unit or Share Values (Note 2) ........... $ 12.04 $ 23.92
======= =======
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
PAGE 17
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1998
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
----------------------------------------------------------------
3-Way
Fidelity Asset DuPont
Fixed Magellan Allocation Common
Income Fund Fund Fund Stock Fund Loan Fund
----------- ---------- ---------- ----------- ---------
<S> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 388,537 $ 61 $ 19 $ 125 $ 15,103
Dividends ............................... 40,345 39,781
Distribution of Loan Interest Income .... 8,926 1,048 251 2,630 (15,103)
Net Realized Gains (Losses) ............. 24,226 13,418 129,231
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... (38,246) 8,698 (310,548)
---------- --------- -------- ---------- --------
Total Investment Income ............... 397,463 27,434 22,386 (138,781)
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $276) .......... 39,954 5,604 1,499 11,906
Participants ............................ 119,677 21,786 5,520 35,706 2,005
Rollovers ............................... 34,635 237 51 579
---------- --------- -------- ---------- --------
591,729 55,061 29,456 (90,590) 2,005
---------- --------- -------- ---------- --------
Withdrawals ............................... (439,806) (25,542) (9,505) (66,818) (7,524)
Net Transfers Among Funds
Loans ................................... (54,074) (5,096) (1,607) (13,093) 82,886
Loan Principal Repayments ............... 47,003 5,724 1,528 14,053 (81,549)
Interfund Transfers ..................... (197,546) (39,663) (10,491) 71,997
Assets Transferred In (Out), Net .......... 37,005 (4,139) (677) (2,681) (2,005)
Affiliated Company Transfers In (Out),
Net ..................................... (844) (226) 42 (1,268) (61)
---------- --------- -------- ---------- --------
(608,262) (68,942) (20,710) 2,190 (8,253)
---------- --------- -------- ---------- --------
Net Increase (Decrease) ................... (16,533) (13,881) 8,746 (88,400) (6,248)
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 5,589,477 575,242 160,562 1,853,359 185,745
---------- --------- -------- ---------- --------
End of Year ............................. $5,572,944 $ 561,361 $169,308 $1,764,959 $179,497
========== ========= ======== ========= ========
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 18
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------------
Merrill
Merrill Merrill Merrill Lynch Merrill Merrill
Lynch Lynch Lynch Small Lynch Lynch
Global Capital Basic Company Int'l Equity Index
Holdings Fund Value Fund Stock Index Stock Index Tier 6
--------- --------- ---------- ----------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 6 $ 13 $ 17 $ 1 $ 1 $ 52
Dividends ............................... 7,952 9,418 18,585
Distribution of Loan Interest Income .... 128 186 297 28 11 743
Net Realized Gains (Losses) ............. 2,437 4,791 9,681 51 110 15,972
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... (17,330) (16,271) (26,356) (2,933) (627) 36,918
-------- -------- -------- ------- ------ --------
Total Investment Income ............... (6,807) (1,863) 2,224 (2,853) (505) 53,685
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $276) .......... 784 1,257 1,946 190 68 4,533
Participants ............................ 3,117 5,016 8,215 813 307 17,882
Rollovers ............................... 16 36 87 37 43 302
-------- -------- -------- ------- ------ --------
(2,890) 4,446 12,472 (1,813) (87) 76,402
-------- -------- -------- ------- ------ --------
Withdrawals ............................... (3,519) (6,846) (8,713) (351) (84) (29,595)
Net Transfers Among Funds
Loans ................................... (697) (1,071) (1,396) (95) (21) (3,135)
Loan Principal Repayments ............... 784 1,030 1,627 161 48 4,331
Interfund Transfers ..................... (27,223) (18,754) (19,878) 1,979 4,426 (12,829)
Assets Transferred In (Out), Net .......... (415) (845) (784) (2,925)
Affiliated Company Transfers In (Out),
Net ..................................... (5) (39) (71) (47) (208)
-------- -------- -------- ------- ------ --------
(31,075) (26,525) (29,215) 1,647 4,369 (44,361)
-------- -------- -------- ------- ------ --------
Net Increase (Decrease) ................... (33,965) (22,079) (16,743) (166) 4,282 32,041
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 84,457 120,327 187,436 12,559 1,880 587,139
-------- -------- -------- ------- ------ --------
End of Year ............................. $ 50,492 $ 98,248 $170,693 $12,393 $6,162 $619,180
======== ======== ======== ======= ====== ========
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 19
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------------
Conservative Moderate Aggressive
Asset Asset Asset
Allocation Allocation Allocation AIM AIM Fidelity
Portfolio Portfolio Portfolio Constellation A Value A Fund
------------ ---------- ---------- --------------- ------- --------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 1 $ 1 $ 3 $ 2 $ 3 $ 3
Dividends ............................... 557 1,001 1,721
Distribution of Loan Interest Income .... 8 28 45 24 39 33
Net Realized Gains (Losses) ............. 132 205 184 (93) 13 72
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... 140 (131) (402) (1,749) (1,690) (2,579)
------ ------ ------ ------ ------ ------
Total Investment Income ............... 281 103 (170) (1,259) (634) (750)
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $276) .......... 42 176 251 210 272 219
Participants ............................ 152 687 1,034 869 1,128 851
Rollovers ............................... 65 20 32 66 31 65
------ ------ ------ ------ ------ ------
540 986 1,147 (114) 797 385
------ ------ ------ ------ ------ ------
Withdrawals ............................... (334) (1,087) (181) (487) (759) (928)
Net Transfers Among Funds
Loans ................................... (27) (35) (197) (72) (130) (88)
Loan Principal Repayments ............... 38 171 226 141 240 174
Interfund Transfers ..................... 4,075 4,839 4,967 7,149 18,125 26,540
Assets Transferred In (Out), Net .......... (172) (37) (45)
Affiliated Company Transfers In (Out),
Net .....................................
------ ------ ------ ------ ------ ------
3,752 3,888 4,643 6,694 17,431 25,698
------ ------ ------ ------ ------ ------
Net Increase (Decrease) ................... 4,292 4,874 5,790 6,580 18,228 26,083
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 3,348 9,069 6,952 4,477 5,387 2,468
------ ------ ------ ------ ------- -------
End of Year ............................. $7,640 $13,943 $12,742 $11,057 $23,615 $28,551
====== ====== ====== ====== ====== ======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 20
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-------------------------------------------------------------------------
Franklin
Fidelity Fidelity Fidelity Balance Franklin
Equity- Growth & Low-Priced Sheet Franklin Small Cap
Income Income Stock Investment Growth I Growth I
-------- -------- ---------- ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 4 $ 8 $ 6 $ 3 $ 1 $ 6
Dividends ............................... 1,515 3,304 5,415 1,513 91 1,686
Distribution of Loan Interest Income .... 57 89 93 42 9 97
Net Realized Gains (Losses) ............. 326 599 562 223 66 (1,080)
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... (2,877) (2,671) (12,095) (3,651) 115 (13,431)
------- ------- ------- ------- ------ -------
Total Investment Income ............... (975) 1,329 (6,019) (1,870) 282 (12,722)
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $276) .......... 451 681 769 394 76 791
Participants ............................ 1,956 2,835 3,595 1,673 360 3,453
Rollovers ............................... 91 379 78 22 11 164
------- ------- ------- ------- ------ -------
1,523 5,224 (1,577) 219 729 (8,314)
------- ------- ------- ------- ------ -------
Withdrawals ............................... (1,366) (2,444) (2,388) (883) (154) (1,112)
Net Transfers Among Funds
Loans ................................... (150) (217) (417) (125) (11) (307)
Loan Principal Repayments ............... 369 592 611 270 67 559
Interfund Transfers ..................... 14,503 48,391 19,940 6,407 2,769 21,937
Assets Transferred In (Out), Net .......... (9) (22) (83) (73) (18) (25)
Affiliated Company Transfers In (Out),
Net ..................................... (52) (21) (70) (75)
------- ------- ------- ------- ------ -------
13,295 46,300 17,642 5,526 2,653 20,977
------- ------- ------- ------- ------ -------
Net Increase (Decrease) ................... 14,818 51,524 16,065 5,745 3,382 12,663
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 16,749 16,959 34,695 17,713 2,578 26,989
------- ------- ------- ------- ------ -------
End of Year ............................. $31,567 $68,483 $50,760 $23,458 $5,960 $39,652
======= ======= ======= ======= ====== =======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 21
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------
Hotchkis Merrill MFS
& Wiley Janus Janus Lynch MFS Total
Int'l Enterprise Mercury Growth A Research A Return A
-------- ---------- ------- -------- ---------- --------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 3 $ $ 3 $ 4 $ 2 $
Dividends ............................... 697 49 337 3,502 467 268
Distribution of Loan Interest Income .... 38 9 32 99 31 6
Net Realized Gains (Losses) ............. (6) 36 (97) (4,389) 167 11
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... (5,190) (359) (536) (13,346) (1,663) (134)
------- ------ ------ ------- ------ ------
Total Investment Income ............... (4,458) (265) (261) (14,130) (996) 151
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $276) .......... 415 44 193 626 255 40
Participants ............................ 1,774 164 768 2,795 1,165 176
Rollovers ............................... 10 4 45 177 27 4
------- ------ ------ ------- ------ ------
(2,259) (53) 745 (10,532) 451 371
------- ------ ------ ------- ------ ------
Withdrawals ............................... (485) (67) (255) (2,041) (498) (181)
Net Transfers Among Funds
Loans ................................... (77) (18) (68) (328) (56) (13)
Loan Principal Repayments ............... 274 40 187 562 184 39
Interfund Transfers ..................... 11,356 2,935 23,706 6,926 9,629 1,511
Assets Transferred In (Out), Net .......... (54) (2) (149) (14) (1)
Affiliated Company Transfers In (Out),
Net ..................................... (24) (35) (17)
------- ------ ------ ------- ------ ------
10,990 2,890 23,533 4,953 9,245 1,355
------- ------ ------ ------- ------ ------
Net Increase (Decrease) ................... 8,731 2,837 24,278 (5,579) 9,696 1,726
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 18,084 675 2,075 31,713 8,782 1,747
------- ------ ------- ------- ------- ------
End of Year ............................. $26,815 $3,512 $26,353 $26,134 $18,478 $3,473
======= ====== ======= ======= ======= ======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 22
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1998 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
------------------------
Templeton Templeton Total
Foreign I Growth I All Funds
--------- --------- -----------
<S> <C> <C> <C>
Investment Income
Interest ................................ $ 3 $ 2 $ 403,993
Dividends ............................... 2,220 2,279 142,703
Distribution of Loan Interest Income .... 43 33
Net Realized Gains (Losses) ............. (773) (682) 195,393
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... (7,772) (4,555) (441,271)
------- ------- ----------
Total Investment Income ............... (6,279) (2,923) 300,818
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $276)........... 426 274 74,346
Participants ............................ 1,952 1,229 248,660
Rollovers ............................... 16 23 37,353
------- ------- ----------
(3,885) (1,397) 661,177
------- ------- ----------
Withdrawals ............................... (834) (713) (615,500)
Net Transfers Among Funds
Loans ................................... (149) (116)
Loan Principal Repayments ............... 297 219
Interfund Transfers ..................... 7,956 4,321
Assets Transferred In (Out), Net .......... (34) (39) 21,757
Affiliated Company Transfers In (Out),
Net ..................................... (9) (46) (3,076)
------- ------- ----------
7,227 3,626 (596,819)
------- ------- ----------
Net Increase (Decrease) ................... 3,342 2,229 64,358
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 20,355 14,255 9,603,253
------- ------- ----------
End of Year ............................. $23,697 $16,484 $9,667,611
======= ======= ==========
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
PAGE 23
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1997
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
----------------------------------------------------------------------------
3-Way Merrill
Fidelity Asset DuPont Lynch
Fixed Magellan Allocation Common Equity
Income Fund Fund Fund Stock Fund Loan Fund Index
----------- ---------- ---------- ----------- --------- ----------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 412,675 $ 83 $ 24 $ 168 $ 15,669 $ 14
Dividends ............................... 17,400 33,398
Distribution of Loan Interest Income .... 10,451 1,246 313 2,023 (15,669) 516
Net Realized Gains (Losses) ............. 22,929 16,577 106,469 248,299
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... 125,694 19,351 358,548 (125,233)
---------- --------- -------- ---------- -------- ---------
Total Investment Income ............... 423,126 167,352 36,265 500,606 123,596
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $273) .......... 42,298 6,602 1,858 8,603 2,866
Participants ............................ 135,209 27,077 7,284 27,250 11,749
Rollovers ............................... 11,421 341 110 1,233 102
---------- --------- -------- ---------- -------- ---------
612,054 201,372 45,517 537,692 138,313
---------- --------- -------- ---------- -------- ---------
Withdrawals ............................... (429,567) (26,448) (7,237) (51,762) (9,896) (17,147)
Net Transfers Among Funds
Loans ................................... (63,439) (6,825) (1,820) (10,862) 89,178 (1,914)
Loan Principal Repayments ............... 53,798 6,776 1,697 11,053 (82,675) 2,888
Interfund Transfers ..................... (317,986) (116,973) (34,511) 216,313 (496,982)
Assets Transferred In (Out), Net .......... (60,638) (9,763) (2,718) (12,377) (6,779) (6,607)
Affiliated Company Transfers In (Out),
Net ..................................... (156) 57 4 42 38
---------- --------- -------- ---------- -------- ---------
(817,988) (153,176) (44,585) 152,407 (10,134) (519,762)
---------- --------- -------- ---------- -------- ---------
Net Increase (Decrease) ................... (205,934) 48,196 932 690,099 (10,134) (381,449)
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 5,795,411 527,046 159,630 1,163,260 195,879 381,449
---------- --------- -------- ---------- -------- ---------
End of Year ............................. $5,589,477 $ 575,242 $160,562 $1,853,359 $185,745 $ 0
========== ========= ======== ========= ======== =========
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 24
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------------
Merrill
Merrill Merrill Merrill Lynch Merrill Merrill
Lynch Lynch Lynch Small Lynch Lynch
Global Capital Basic Company Int'l Equity Index
Holdings Fund Value Fund Stock Index Stock Index Tier 6
--------- --------- ---------- ----------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 14 $ 19 $ 24 $ 1 $ $ 52
Dividends ............................... 6,079 10,356 11,362
Distribution of Loan Interest Income .... 215 233 309 5 1 261
Net Realized Gains (Losses) ............. 7,042 3,568 7,641 95 5 1,902
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... 6,594 13,872 31,374 822 16 38,903
-------- -------- -------- ------- ------ --------
Total Investment Income ............... 19,944 28,048 50,710 923 22 41,118
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $273) .......... 1,387 1,589 1,951 19 5 1,454
Participants ............................ 6,021 6,540 8,698 101 27 6,228
Rollovers ............................... 90 154 309 17 154
-------- -------- -------- ------- ------ --------
27,442 36,331 61,668 1,060 54 48,954
-------- -------- -------- ------- ------ --------
Withdrawals ............................... (4,649) (7,743) (6,933) (4) (4) (5,413)
Net Transfers Among Funds
Loans ................................... (901) (1,249) (1,226) (769)
Loan Principal Repayments ............... 1,196 1,289 1,948 21 4 1,394
Interfund Transfers ..................... (33,858) (10,892) 11,059 11,482 1,826 542,983
Assets Transferred In (Out), Net .......... (1,370) (2,074) (2,209) (41)
Affiliated Company Transfers In (Out),
Net ..................................... 15 9 92 31
-------- -------- -------- ------- ------ --------
(39,567) (20,660) 2,731 11,499 1,826 538,185
-------- -------- -------- ------- ------ --------
Net Increase (Decrease) ................... (12,125) 15,671 64,399 12,559 1,880 587,139
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 96,582 104,656 123,037
-------- -------- -------- ------- ------ --------
End of Year ............................. $ 84,457 $120,327 $187,436 $12,559 $1,880 $587,139
======== ======== ======== ======= ====== ========
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 25
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------------
Conservative Moderate Aggressive
Asset Asset Asset
Allocation Allocation Allocation AIM AIM Fidelity
Portfolio Portfolio Portfolio Constellation A Value A Fund
------------ ---------- ---------- --------------- ------- --------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 1
Dividends ............................... $ 42
Distribution of Loan Interest Income .... $ 1 3 $ 4 $ 2 $ 2
Net Realized Gains (Losses) ............. 4 12 1 28 7 (3)
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... 65 230 201 208 179 29
------ ------ ------ ------ ------ ------
Total Investment Income ............... 70 246 206 238 188 68
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $273) .......... 6 11 19 14 15 4
Participants ............................ 21 50 97 57 78 22
Rollovers ............................... 16 12
------ ------ ------ ------ ------ ------
97 307 338 309 281 106
------ ------ ------ ------ ------ ------
Withdrawals ............................... (24) (53) (1) (21) (47) (1)
Net Transfers Among Funds
Loans ................................... (9) (10) (5)
Loan Principal Repayments ............... 8 16 18 11 9 2
Interfund Transfers ..................... 3,276 8,799 6,597 4,178 5,154 2,366
Assets Transferred In (Out), Net ..........
Affiliated Company Transfers In (Out),
Net .....................................
------ ------ ------ ------ ------ ------
3,251 8,762 6,614 4,168 5,106 2,362
------ ------ ------ ------ ------ ------
Net Increase (Decrease) ................... 3,348 9,069 6,952 4,477 5,387 2,468
Net Assets Available For Plan Benefits:
Beginning of Year .......................
------ ------ ------ ------ ------ ------
End of Year ............................. $3,348 $9,069 $6,952 $4,477 $5,387 $2,468
====== ====== ====== ====== ====== ======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 26
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-------------------------------------------------------------------------
Franklin
Fidelity Fidelity Fidelity Balance Franklin
Equity- Growth & Low-Priced Sheet Franklin Small Cap
Income Income Stock Investment Growth I Growth I
-------- -------- ---------- ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 1 $ 1 $ 3 $ 1 $ $ 2
Dividends ............................... 71 466 1,325 54
Distribution of Loan Interest Income .... 8 7 10 7 2 9
Net Realized Gains (Losses) ............. 17 (12) 47 21 1 77
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... 547 (91) 1,157 1,244 40 2,241
------- ------- ------- ------- ------ -------
Total Investment Income ............... 644 371 2,542 1,327 43 2,329
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $273) .......... 54 45 80 49 8 62
Participants ............................ 253 216 412 244 42 305
Rollovers ............................... 104 28 73 9 63
------- ------- ------- ------- ------ -------
1,055 660 3,107 1,629 93 2,759
------- ------- ------- ------- ------ -------
Withdrawals ............................... (8) (28) (9) (20) (49)
Net Transfers Among Funds
Loans ................................... (25) (47) (14) (5)
Loan Principal Repayments ............... 44 39 50 33 20 117
Interfund Transfers ..................... 15,658 16,313 31,594 16,085 2,465 24,167
Assets Transferred In (Out), Net ..........
Affiliated Company Transfers In (Out),
Net .....................................
------- ------- ------- ------- ------ -------
15,694 16,299 31,588 16,084 2,485 24,230
------- ------- ------- ------- ------ -------
Net Increase (Decrease) ................... 16,749 16,959 34,695 17,713 2,578 26,989
Net Assets Available For Plan Benefits:
Beginning of Year .......................
------- ------- ------- ------- ------ -------
End of Year ............................. $16,749 $16,959 $34,695 $17,713 $2,578 $26,989
======= ======= ======= ======= ====== =======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 27
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
-----------------------------------------------------------------------
Hotchkis Merrill MFS
& Wiley Janus Janus Lynch MFS Total
Int'l Enterprise Mercury Growth A Research A Return A
-------- ---------- ------- -------- ---------- --------
<S> <C> <C> <C> <C> <C> <C>
Investment Income
Interest ................................ $ 1 $ 2 $ 1
Dividends ............................... 29 $ 10
Distribution of Loan Interest Income .... 6 $ 1 $ 1 15 4 1
Net Realized Gains (Losses) ............. (18) 1 17 90 14 5
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... 317 26 61 2,999 302 38
------- ---- ------ ------- ------ ------
Total Investment Income ............... 306 28 79 3,135 321 54
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $273) .......... 54 1 8 82 28 3
Participants ............................ 269 6 47 393 149 17
Rollovers ............................... 37 18 22 2 3
------- ---- ------ ------- ------ ------
666 35 152 3,632 500 77
------- ---- ------ ------- ------ ------
Withdrawals ............................... (5) (16) (53) (49)
Net Transfers Among Funds
Loans ................................... (1) (4) (28) (5)
Loan Principal Repayments ............... 58 1 7 81 20 2
Interfund Transfers ..................... 17,366 639 1,936 28,081 8,311 1,673
Assets Transferred In (Out), Net ..........
Affiliated Company Transfers In (Out),
Net .....................................
------- ---- ------ ------- ------ ------
17,418 640 1,923 28,081 8,282 1,670
------- ---- ------ ------- ------ ------
Net Increase (Decrease) ................... 18,084 675 2,075 31,713 8,782 1,747
Net Assets Available For Plan Benefits:
Beginning of Year .......................
------- ---- ------ ------- ------ ------
End of Year ............................. $18,084 $675 $2,075 $31,713 $8,782 $1,747
======= ==== ====== ======= ====== ======
The accompanying notes are an integral part of these financial statements.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 28
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
PLAN BENEFITS, WITH FUND INFORMATION
FOR THE YEAR ENDED SEPTEMBER 30, 1997 (Continued)
(Dollars in Thousands)
<CAPTION>
FUND INFORMATION
------------------------
Templeton Templeton Total
Foreign I Growth I All Funds
--------- --------- -----------
<S> <C> <C> <C>
Investment Income
Interest ................................ $ 1 $ 1 $ 428,758
Dividends ............................... 80,592
Distribution of Loan Interest Income .... 8 5
Net Realized Gains (Losses) ............. 1 14 414,851
Net Unrealized Appreciation (Deprecia-
tion) in Fair Value of Investments .... 552 556 480,842
------- ------- ----------
Total Investment Income ............... 562 576 1,405,043
Contributions
DuPont Company's Contributions (Net of
Forfeitures Applied of $273) .......... 61 34 69,270
Participants ............................ 319 174 239,355
Rollovers ............................... 52 14,370
------- ------- ----------
994 784 1,728,038
------- ------- ----------
Withdrawals ............................... (19) (85) (567,291)
Net Transfers Among Funds
Loans ................................... (10) (10)
Loan Principal Repayments ............... 44 31
Interfund Transfers ..................... 19,346 13,535
Assets Transferred In (Out), Net .......... (104,576)
Affiliated Company Transfers In (Out),
Net ..................................... 132
------- ------- ----------
19,361 13,471 (671,735)
------- ------- ----------
Net Increase (Decrease) ................... 20,355 14,255 1,056,303
Net Assets Available For Plan Benefits:
Beginning of Year ....................... 8,546,950
------- ------- ----------
End of Year ............................. $20,355 $14,255 $9,603,253
======= ======= ==========
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
PAGE 29
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS
(Dollars in Thousands Unless Otherwise Noted)
NOTE 1 -- DESCRIPTION OF SAVINGS AND INVESTMENT PLAN:
THE PLAN
The following description of the Savings and Investment Plan of
E. I. du Pont de Nemours and Company ("the Plan") provides only general
information. Participants should refer to the Plan agreement for a more
comprehensive description of the Plan's provisions.
The Plan is a defined contribution plan which was established by the
Board of Directors of E.I. du Pont de Nemours and Company (the "Company") and
became effective September 1, 1955. The Plan is subject to the provisions of
the Employee Retirement Income Security Act of 1974 ("ERISA") and the Internal
Revenue Code.
The purpose of the Plan is to encourage and assist employees in
following a systematic savings program suited to their individual objectives,
and to provide an opportunity for employees to become stockholders of the
Company. The Plan is a tax qualified contributory profit sharing plan. Any
employee of the Company or employee of the Company's subsidiaries or general
partnerships which have adopted the Plan and who has completed at least one
year of continuous service, as determined in accordance with the Company's
service rules, or who has been compensated for 1,000 or more hours in a period
of twelve consecutive months is eligible to participate in the Plan.
Eligible employees may participate in the Plan by authorizing the
Company to make a monthly payroll deduction ("participant's savings"). The
amount deducted can be deposited into a Before-tax account, Regular account
(for after-tax savings) or some combination thereof. Effective January 1,
1998, an employee may elect maximum participant's savings rates in the Plan of
22% before-tax and 22% after-tax for a total maximum savings rate of 44%.
Prior to this increase, the maximum savings rates were 17% before-tax and 22%
after-tax for a total maximum savings rate of 39%. The Company will
contribute an amount equal to 50% of a participant's savings during a month
except that no Company contribution will be made for participant's savings in
excess of 6% of monthly pay. In addition, a participant is allowed to make
lump sum savings deposits in cash or through payroll deduction to the Plan at
any time. All of the above participant's savings and elections are subject to
regulatory and Plan limitations.
The Company may, at its option, issue DuPont common stock in lieu of
cash contributions to the DuPont Common Stock Fund and also in lieu of cash
dividends on DuPont common stock. The number of shares issued is based upon
the cash value of the contributions and dividends divided by the market value
of DuPont common stock at the end of the month of issue. Shares of DuPont
common stock are allocated to participants in the DuPont Common Stock Fund
based on the ratio of the amount deposited to each participant's account to
the total amount contributed to the Fund.
<PAGE>
PAGE 30
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
A participant with less than five years of service who withdraws any
matched before-tax or after-tax savings will forfeit a portion of related
company contributions in accordance with specific plan provisions. Company
contributions will be suspended for six months if a participant withdraws,
while in-service, any matched before-tax or after-tax savings or company
contributions contributed to the account during the last two years. A
participant who retires from active service may elect to make an account
withdrawal at any time. Required minimum distribution will begin in March of
the calendar year following the later of the year in which the participant
attains age 70-1/2 or the year following retirement or termination of
employment.
Participants may borrow up to one-half of their nonforfeitable account
balances subject to certain minimum and maximum loan limitations. The loans
are executed by promissory notes and have a minimum term of 12 months and a
maximum term of 60 months, except for qualified residential loans which have a
maximum term of 120 months. The loans bear an interest rate equal to the
average rate charged by selected major banks to prime customers for secured
loans. The loans are repaid over the term in monthly installments of
principal and interest by deduction from pay or pension checks. A participant
also has the right to repay the loan in full at any time without penalty.
INVESTMENT OPTIONS
The following investment options have been established for the invest-
ment of participants' savings and Company contributions.
Fixed Income Fund
- -----------------
Investments under agreement with one or more financial institutions,
including insurance companies, banks and other investment companies which
provide for the return of principal in full plus the payment of interest at a
predetermined rate for a specific period of time.
DuPont Common Stock Fund
- ------------------------
DuPont common stock.
Loan Fund
- ---------
Participants loans -- amounts transferred from other funds that are
loaned to participants.
<PAGE>
PAGE 31
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
Merrill Lynch Funds
- -------------------
A total of seven Merrill Lynch investment options are offered, each
with its own investment objective:
Mutual Funds:
Merrill Lynch Global Holdings - seeks highest total investment return
consistent with prudent risk through global diversification.
Merrill Lynch Capital Fund - seeks highest total investment return
consistent with prudent risk.
Merrill Lynch Basic Value Fund - seeks capital appreciation and income by
investing in undervalued securities, primarily equities.
Merrill Lynch Growth A - seeks growth of capital and income by investing
in undervalued securities of larger-capitalization companies.
Index Funds:
Merrill Lynch Small Company Stock Index - seeks to track the holdings and
total return of The Russell 2000 Index.
Merrill Lynch International Stock Index - seeks to track the holdings and
total return of the Morgan Stanley Capital International EAFE (Europe,
Australia and Far East) Index.
Merrill Lynch Equity Index Tier 6 - seeks to track the holdings and total
return of the Standard & Poor's 500 Composite Stock Price Index (S&P 500
Index). The Merrill Lynch Equity Index Tier 6 Trust is referred to as the
Large Company Stock Index in participant communications.
Merrill Lynch Equity Index - On July 1, 1997, the assets of the Merrill
Lynch Equity Index were transferred into the Merrill Lynch Equity Index
Tier 6 Trust, thereby eliminating the Equity Index from Merrill Lynch's
investment line-up.
<PAGE>
PAGE 32
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
Mutual Funds
- ------------
In addition to the Merrill Lynch investment options listed above,
seventeen mutual funds are also offered as investment options. Each of the
mutual funds has its own investment objective and varying degrees of risk.
The list of mutual funds available is:
AIM Constellation A - seeks aggressive capital growth.
AIM Value A - seeks long-term capital growth.
Fidelity Fund - seeks long-term capital growth by investing primarily in
common stocks and securities convertible into common stocks.
Fidelity Equity-Income - seeks reasonable income and potential for capital
appreciation by investing primarily in income-producing equity securities.
Fidelity Growth & Income - seeks high total return.
Fidelity Low-Priced Stock - seeks capital appreciation.
Fidelity Magellan Fund - seeks capital appreciation by investing in
securities of domestic, foreign and multinational issuers that offer
potential for growth.
Franklin Balance Sheet Investment - seeks high total return.
Franklin Growth I - seeks capital appreciation.
Franklin Small Cap Growth I - seeks long-term capital growth.
Hotchkis & Wiley International - seeks current income, long-term growth of
income and growth of capital.
Janus Enterprise - nondiversified stock fund which seeks long-term growth of
capital by investing in stocks of small and medium sized companies in any
country.
Janus Mercury - diversified stock fund which seeks long-term growth of
capital by investing in stocks of domestic and foreign companies.
MFS Research A - seeks long-term growth of capital and future income.
<PAGE>
PAGE 33
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
MFS Total Return A - seeks above-average income consistent with
prudent employment of capital, and growth of capital and income.
Templeton Foreign I - seeks long-term capital growth by investing
primarily in stocks and debt obligations of companies and governments
outside the United States.
Templeton Growth I - seeks long-term capital growth by investing
primarily in stocks and debt obligations of companies and governments
of any nation.
Asset Allocation Fund
- ---------------------
Barclays 3-Way Asset Allocation Fund - seeks long-term return while
controlling risk.
Asset Allocation Portfolios
- ---------------------------
Three Asset Allocation Portfolios are offered as investment options for
balancing risk and return:
Conservative Asset Allocation Portfolio - seeks lower risk with lower
potential return.
Moderate Asset Allocation Portfolio - seeks moderate risk and return.
Aggressive Asset Allocation Portfolio - seeks higher return with higher
potential risk.
The Conservative, Moderate and Aggressive Asset Allocation Portfolios
are composed of other investment options which are available in the Plan. All
three asset allocation portfolios have as their components the Fixed Income
Fund, Merrill Lynch Small Company Stock Index Trust and the Merrill Lynch
Equity Index Tier 6 Trust. The Moderate and Aggressive portfolios also
include the Merrill Lynch International Stock Index. The percentage of
investment in the Fixed Fund or the other Merrill Lynch investment options
within each portfolio varies depending on the portfolio's investment
objective.
Participants may allocate their Before and After-Tax savings and
Company contributions among all investment options at their discretion.
<PAGE>
PAGE 34
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
Asset transfers out of the Plan during the year ended September 30,
1998 relate primarily to the formation of an information technology alliance
with Andersen Consulting ($11,744) and the sale of New England Nuclear(NEN)
life science products business to Genstar Capital LLC ($9,120). Although the
alliance with Andersen Consulting and the sale of New England Nuclear were
completed in June 1997, assets were not transferred out of the Plan until
January 1998. Asset transfers into the Plan in the plan year ended September
30, 1998 relate primarily to the purchase of ICI's PET and PEN polyester
resins and PTA chemical intermediates businesses in December 1997 ($5,095).
Asset transfers out of the Plan in the Plan year ended September 30, 1997
relate primarily to the sale of the Medical Products businesses ($79,406) and
formation of an information technology alliance with Computer Sciences
Corporation ($10,388).
Affiliated company transfers in(out) represent the net rollovers of
participant account balances in(out) of the Plan and other Company-sponsored
defined contribution benefit plans.
ADMINISTRATION
The designated trustee of the Plan is Merrill Lynch Trust Company of
America (Merrill Lynch). The administration of the Plan is vested in the
Company which may designate one or more persons to operate and administer the
Plan. The Company has the responsibility of appointing the trustees and the
authority to designate the Plan's investment options. Reasonable expenses of
administering the Plan, including, but not limited to, recordkeeping expenses,
trustee fees and transactional costs may, at the election of the Plan
Administrator, be paid by participants. For the years ended September 30,
1998 and 1997, such expenses were paid by the Company. Brokerage fees,
transfer taxes, investment fees and other expenses incident to the purchase
and sale of securities and investments shall be included in the cost of such
securities or investments, or deducted from the sales proceeds, as the case
may be.
While the Company has not expressed any intent to terminate the Plan,
it is free to do so at any time. In the event the Plan is terminated, all
participants become vested and the distribution of all account balances will
be made based upon the valuation of the participant's account on the
termination date in accordance with ERISA.
<PAGE>
PAGE 35
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
NOTE 2 -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
INVESTMENT VALUATION AND INCOME RECOGNITION
The accompanying financial statements are prepared on the accrual
basis of accounting. The Plan's investments are stated at fair value, except
for the Fixed Income Fund, which is valued at contract value. The Fixed
Income Fund guaranteed investment contracts, separate account portfolios and
synthetic guaranteed investment contracts are fully benefit responsive and
thus, are stated at cost plus accrued interest, using the contracted interest
rates applied to the daily account balances. Mutual funds are valued at
quoted market prices which represents the net asset value of shares held by
the Plan at year-end. Common/collective trust funds are valued at unit value,
which represents the fair value of all underlying assets as reported by the
applicable custodian. Loans to participants, short-term investments and cash
are valued at cost which approximates fair value. Common stock is valued at
its quoted market price at year-end.
Dividend income is recorded on the ex-dividend date and interest
income is recorded when earned. Realized gains and losses on the sale of the
DuPont Common Stock Fund investment securities are based on average cost of
the securities sold. Purchases and sales are recorded on a trade date basis.
USE OF ESTIMATES
The preparation of financial statements in conformity with generally
accepted accounting principles requires the Plan Administrator to make
estimates and assumptions that affect the reported amounts in the financial
statements. Actual results could differ from those estimates.
NOTE 3 -- INVESTMENTS
The Fixed Income Fund consists of guaranteed investment contracts
(GIC), separate account portfolios (SAP) and synthetic guaranteed investment
contracts (SYN). The crediting interest rates ranged from 5.41% to 9.71% for
the year ended September 30, 1998 and from 5.41% to 10.65% for the year ended
September 30, 1997. The fund's blended rate of return for the year was 7.2%
in 1998 and 7.4% in 1997.
<PAGE>
PAGE 36
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
The crediting rates for SAP and SYN contracts are reset annually and
are based on the market value of the underlying portfolio of assets backing
these contracts. Inputs used to determine the crediting rate include each
contract's portfolio market value, current yield-to-maturity, duration (i.e.,
weighted average life), and market value relative to contract value. All
contracts have a guaranteed rate of 0% or higher.
The contract values, which approximate the fair values of investment
contracts as of September 30, 1998 and 1997, are as follows:
1998 1997
---------- ----------
Guaranteed Investment Contracts $ 771,975 $1,354,249
Synthetic Guaranteed Investment Contracts 3,951,688 3,397,215
Separate Account Guaranteed Investment Contracts 800,241 789,183
---------- ----------
$5,523,904 $5,540,647
========== ==========
At September 30, 1998, the total contract value of $5,523,904 includes
direct participant investments of $5,522,067 and investments of $1,837 held by
the Conservative, Moderate and Aggressive Allocation Portfolios. At
September 30, 1997, the total contract value of $5,540,647 includes direct
participant investments of $5,532,584 and investments of $8,063 held by the
Conservative, Moderate and Aggressive Allocation Portfolios.
Included in the contract value of synthetic guaranteed investment
contracts is ($212,251) and ($90,804) at September 30, 1998 and 1997,
respectively, related to wrapper contracts which guarantee the contract value
of the synthetic guaranteed investment contracts for participant-initiated
withdrawal events.
NOTE 4 -- REALIZED AND UNREALIZED GAINS AND LOSSES
Realized and unrealized gains and losses are calculated based upon
historical cost of assets. Such gains and losses are computed on a current
value basis for Form 5500. The difference may result in a differing
classification between realized and unrealized but the total gain or loss will
be unaffected.
<PAGE>
PAGE 37
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
NOTE 5 -- INCOME TAX STATUS
The Savings and Investment Plan is a qualified plan pursuant to
Section 401(a) of the Internal Revenue Code (the "Code") and the related
Trusts are exempt from federal taxation under Section 501(a) of the Code.
A favorable tax determination letter from the Internal Revenue Service dated
October 26, 1995 has been received by the Plan. The Plan has been amended
since receiving the determination letter. However, the Plan administrator and
the Plan's tax counsel believe that the Plan is currently designed and
operated in accordance with the applicable sections of the Code. Accordingly,
no provision has been made for federal income taxes in the accompanying
financial statements.
NOTE 6 -- RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits
per the financial statements to the Form 5500:
September 30,
1998 1997
----------- -----------
(Dollars in Thousands)
Net assets for benefits per the financial
statements $9,667,611 $9,603,253
Less: Amounts allocated to withdrawing
participants (5,115) (5,488)
---------- ----------
Net assets available for benefits per the
Form 5500 $9,662,496 $9,597,765
========== ==========
<PAGE>
PAGE 38
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
The following is a reconciliation of benefits paid to participants
per the financial statements to the Form 5500:
Year Ended
September 30, 1998
----------------------
(Dollars in Thousands)
Benefits paid to participants per the financial
statements $615,500
Add: Amounts allocated to withdrawing
participants at September 30, 1998 5,115
Less: Amounts allocated to withdrawing
participants at September 30, 1997 (5,488)
--------
Benefits paid to participants per the Form 5500 $615,127
========
Amounts allocated to withdrawing participants are recorded on the
Form 5500 for benefit claims that have been processed and approved for payment
prior to September 30 but not yet paid as of that date.
NOTE 7 -- RELATED PARTY TRANSACTIONS
Certain Plan investments are shares of mutual funds and common/
collective trust funds managed by the Trustee. Therefore, transactions in
these investments qualify as party-in-interest transactions which are exempt
from the prohibited transaction rules.
NOTE 8 -- SUBSEQUENT EVENTS
Effective January 1, 1999, the Plan will eliminate the 1 year waiting
period requirement for eligibility into the Plan.
Effective January 1, 1999, the Plan will change the name of the Fixed
Income Fund to the Stable Value Fund.
Effective January 1, 1999, DuPont Photomasks, Inc. formed its own
savings plan and will no longer participate in the Plan. Assets of $13,166
were transferred out of the Plan in January 1999 and into the DuPont
Photomasks, Inc. Savings Plan.
<PAGE>
<TABLE>
PAGE 39
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
SCHEDULE I
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SEPTEMBER 30, 1998
<CAPTION>
Current
Identity of Issue and Description of Asset Cost Value
------------------------------------------ ----------- -----------
(Dollars in Thousands)
<S> <C> <C>
Aetna Life Insurance Company -- 7.21%, 12/31/25 (SYN) ................. $ 131,920 $ 131,920
Aetna Life Insurance Company -- 7.61%, 12/31/25 (SYN) ................. 225,802 225,802
Aetna Life Insurance Company -- 9.71%, 12/1/98 (GIC) .................. 12,404 12,404
Aetna Life Insurance Company -- 9.48%, 12/1/98 (GIC) .................. 12,164 12,164
Aetna Life Insurance Company -- 8.90%, 12/9/99 (GIC) .................. 46,555 46,555
Aetna Life Insurance Company -- 8.89%, 12/1/00 (GIC) .................. 65,484 65,484
Allstate Life Insurance Company -- 8.50%, 12/1/01 (GIC) ............... 108,376 108,376
Bankers Trust -- 6.549%, 8/30/02 (SYN) ................................ 251,589 251,589
Bankers Trust -- 7.52%, 12/31/25 (SYN) ................................ 295,496 295,496
CDC -- 7.08%, 10/1/02 (SYN) ........................................... 288,217 288,217
CDC -- 5.79%, 9/2/04 (SYN) ............................................ 149,790 149,790
Citibank -- 5.41%, 9/1/00 (SYN) ....................................... 186,605 184,605
Citibank -- 7.47%, 8/1/01 (SYN) ....................................... 63,662 63,662
Deutsche Bank -- 6.55%, 12/31/99 (SYN) ................................ 608,346 608,346
John Hancock Mutual Life Insurance Company -- 9.4%, 12/1/98 (GIC) ..... 12,081 12,081
John Hancock Mutual Life Insurance Company -- 9.0%, 12/1/99 (GIC) ..... 46,910 46,910
John Hancock Mutual Life Insurance Company -- 8.89%, 12/1/99 (GIC) .... 46,521 46,521
John Hancock Mutual Life Insurance Company -- 8.31%, 12/3/01 (GIC) .... 71,746 71,746
Massachusetts Mutual Life Insurance Company -- 9.15%, 12/1/00 (GIC) ... 64,516 64,516
Metropolitan Life Insurance Company -- 9.64%, 12/1/98, (GIC) .......... 12,329 12,329
Metropolitan Life Insurance Company -- 6.90%, 7/1/00 (SAP) ............ 358,726 358,726
J. P. Morgan -- 6.56%, 12/31/99 (SYN) ................................. 279,171 279,171
J. P. Morgan -- 6.18%, 12/31/48 (SYN) ................................. 308,890 308,890
New York Life Insurance Company -- 9.36%, 12/1/98 (GIC) ............... 12,040 12,040
New York Life Insurance Company -- 9.66%, 12/1/98 (GIC) ............... 3,697 3,697
New York Life Insurance Company -- 9.27%, 12/1/00 (GIC) ............... 54,829 54,829
New York Life Insurance Company -- 6.01%, 7/1/00 (SAP) ................ 118,781 118,781
New York Life Insurance Company -- 6.01%, 12/1/00 (SAP) ............... 161,816 161,816
New York Life Insurance Company -- 6.01%, 12/1/00 (SAP) ............... 160,918 160,918
Peoples Security Life Insurance Company, a Member of the
Capital Holdings Family -- 7.75%, 4/1/99 (SYN) ...................... 308,162 308,162
Peoples Security Life Insurance Company, a Member of the
Capital Holdings Family -- 6.80%, 1/1/00 (SYN) ...................... 259,890 259,890
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 40
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
SCHEDULE I
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SEPTEMBER 30, 1998 (Continued)
<CAPTION>
Current
Identity of Issue and Description of Asset Cost Value
------------------------------------------ ----------- -----------
(Dollars in Thousands)
<S> <C> <C>
Prudential Life Insurance Company -- 8.97%, 12/1/99 (GIC) ............. $ 48,675 $ 48,675
Prudential Life Insurance Company -- 9.60%, 12/1/00 (GIC) ............. 57,388 57,388
Prudential Life Insurance Company -- 9.01%, 12/1/99 (GIC) ............. 48,822 48,822
Travelers Life Insurance Company -- 9.15%, 12/1/99 (GIC) .............. 47,445 47,445
Union Bank of Switzerland -- 7.34%, 12/31/25 (SYN) .................... 308,543 308,543
Wellington Management Company -- 6.40%, 1/1/25 (SYN) .................. 285,598 285,598
---------- ----------
Total GIC, SAP and SYN<Fa> ........................................ 5,523,904 5,523,904
Less: Fixed Income Contracts held by Asset Allocation
Portfolios(b) ................................................... (1,837) (1,837)
---------- ----------
5,522,067 5,522,067
---------- ----------
Fidelity Magellan Fund ................................................ 461,166 558,167
3-Way Asset Allocation Fund ........................................... 101,103 168,482
DuPont Common Stock ................................................... 1,071,887 1,757,839
Loans to Participants (8.25%) ......................................... 179,497 179,497
Short-Term Investments and Cash ....................................... 38,471 38,471
Merrill Lynch Global Holdings ......................................... 52,181 50,137
Merrill Lynch Capital Fund ............................................ 95,157 97,609
Merrill Lynch Basic Value Fund ........................................ 153,813 169,634
Merrill Lynch Small Company Stock Index ............................... 14,397 12,286
Merrill Lynch International Stock Index ............................... 6,714 6,102
Merrill Lynch Equity Index Tier 6 ..................................... 540,627 616,449
Conservative Asset Allocation Portfolio<Fb> ........................... 7,407 7,613
Moderate Asset Allocation Portfolio<Fb> ............................... 13,731 13,830
Aggressive Asset Allocation Portfolio<Fb> ............................. 12,788 12,587
<FN>
- ----------------------
<Fa> GIC = Guaranteed Investment Contract; SAP = Separate Account Portfolio;
SYN = Synthetic Guaranteed Investment Contract
<Fb> The Conservative, Moderate and Aggressive Asset Allocation Portfolios
hold investments in Fixed Income Fund Contracts of $641, $867, and $329,
respectively, totaling $1,837.
Continued on next page
</TABLE>
<PAGE>
<TABLE>
PAGE 41
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
SCHEDULE I
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SEPTEMBER 30, 1998 (Continued)
<CAPTION>
Current
Identity of Issue and Description of Asset Cost Value
------------------------------------------ ----------- -----------
(Dollars in Thousands)
<S> <C> <C>
AIM Constellation A ................................................... $ 12,459 $ 10,918
AIM Value A ........................................................... 24,904 23,394
Fidelity Fund ......................................................... 30,880 28,331
Fidelity Equity-Income ................................................ 33,627 31,297
Fidelity Growth & Income .............................................. 70,693 67,932
Fidelity Low-Priced Stock ............................................. 61,238 50,300
Franklin Balance Sheet Investment ..................................... 25,654 23,248
Franklin Growth I ..................................................... 5,752 5,907
Franklin Small Cap Growth I ........................................... 50,375 39,185
Hotchkis & Wiley Int'l ................................................ 31,435 26,563
Janus Enterprise ...................................................... 3,808 3,475
Janus Mercury ......................................................... 26,577 26,102
Merrill Lynch Growth A ................................................ 36,182 25,836
MFS Research A ........................................................ 19,651 18,290
MFS Total Return A .................................................... 3,536 3,441
Templeton Foreign I ................................................... 30,683 23,463
Templeton Growth I .................................................... 20,327 16,327
---------- ----------
Total Investment Assets Held for Investment Purposes $8,758,787 $9,634,779
========== ==========
</TABLE>
<PAGE>
<TABLE>
PAGE 42
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
SCHEDULE II
ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED SEPTEMBER 30, 1998
(Dollars in Thousands)
Transactions or Series of Transactions in Excess
of 5% of Current Value of Plan Assets as of October 1,1997
<CAPTION>
Current
Value on
Identity of Purchase Contract Value/ Transaction Gain on
Party Involved Description of Asset Price Sales Price Cost of Asset Date Transaction
- -------------- -------------------- ---------- ----------- --------------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
DuPont Common Stock $ 637,900 $ 637,900 $ 637,900
DuPont Common Stock $530,263 401,032 530,263 $129,231
Merrill Lynch Pending Settlement 993,831 993,831 993,831
Merrill Lynch Pending Settlement 992,765 992,765 992,765
Fixed Income Deutsche Bank, PIM-
DUP-1,7.55%,12/31/25 792,272 792,272 792,272
Fixed Income Deutsche Bank, PIM-
DUP-1,7.55%,12/31/25 624,780 624,780 624,780
Fixed Income Bankers Trust,94-747 275,818 275,818 275,818
7.52%,12/31/25
Fixed Income Bankers Trust,94-747 220,000 220,000 220,000
7.52%,12/31/25
</TABLE>
<PAGE>
PAGE 43
EXHIBIT 24
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the
Registration Statement on Form S-8 (No. 33-36339) of E. I. du Pont de Nemours
and Company of our report dated March 22, 1999, which appears on page 4 of
this Form 11-K.
PRICEWATERHOUSECOOPERS LLP
Philadelphia, Pennsylvania
March 25, 1999
