Dear Shareholder:
We are pleased to send you the annual report for Centennial Money Market
Trust. During the 12-month period ended June 30, 1995, the Trust's compounded
annualized yield was 5.11%. The corresponding yield without compounding was
4.98%. The seven-day annualized yields with and without compounding on June
30, 1995 were 5.55% and 5.41%, respectively.((1))
Between February 1994 and February 1995, the Fed raised interest rates as a
proactive attempt to preempt inflation and prolong the current cycle of
economic growth. These rate rises successfully kept the economy from
overheating, as economic data released throughout the first half of the year
suggested that the Fed had finally achieved its intended effect of slowing the
rate of economic growth.
Although lower interest rates are generally good news for the economy and the
securities markets, they do not benefit short-term savings vehicles like money
market funds. With a share price designed not to fluctuate, income is the only
variable in money market fund returns--and declining rates limit the amount
of income available from the types of safe, short-term securities in which
money market funds invest.
Yet in any environment, it's important to have a portion of your money
allocated to stable investments. Money market funds are designed to offer
liquidity, a stable share price, and professional management aimed to capture
high yields.((2))
Moving forward, we believe the Fed will feel little pressure to increase
interest rates in the near term given the economy's slowdown--and rates on
money market funds will likely remain at current levels. If the Fed sees later
this year that the rate of growth has slowed less than initially anticipated,
it could move to raise rates again, which would boost yields. Or, if the Fed
discovers the economy has stalled, it could lower rates to stimulate growth.
Therefore, until the full extent of the economic slowdown is known, questions
about the direction of the economy will persist and money market funds should
remain an excellent defensive investment.
Thank you for your confidence in Centennial Money Market Trust. We look
forward to helping you continue to reach your investment goals in the future.
Sincerely,
/s/ JON S. FOSSEL
Jon S. Fossel
President, Centennial Money Market Trust
/s/ JAMES C. SWAIN
James C. Swain
Chairman, Centennial Money Market Trust
July 24, 1995
1. Compounded yields assume reinvestment of dividends. Past performance is not
indicative of future results.
2. The Fund is neither insured nor guaranteed by the U.S. government, and
there is no assurance that the Fund will maintain a stable $1 share price
in the future.
<PAGE>
STATEMENT OF INVESTMENTS June 30, 1995
Centennial Money Market Trust
<TABLE>
<CAPTION>
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
CERTIFICATES OF DEPOSIT--6.6%
DOMESTIC CERTIFICATES OF DEPOSIT--0.6%
LaSalle National Bank, 5.81%, 9/19/95 $ 15,000,000 $ 15,000,000
LaSalle National Bank, 6.03%, 8/21/95 10,000,000 10,000,000
LaSalle National Bank, 6.04%, 8/17/95 5,000,000 5,000,000
------------
30,000,000
------------
YANKEE CERTIFICATES OF DEPOSIT--6.0%
Canadian Imperial Bank of Commerce, 6.07%, 8/15/95 15,000,000 15,000,498
Mitsubishi Bank Ltd., 5.77%, 9/6/95 10,000,000 9,995,288
Mitsubishi Bank Ltd., 5.94%, 8/15/95 5,000,000 4,962,875
Mitsubishi Bank Ltd., 5.95%, 8/21/95 20,000,000 19,831,417
Mitsubishi Bank Ltd., 6%, 8/15/95 15,000,000 15,000,000
Mitsubishi Bank Ltd., 6.01%, 8/14/95 10,000,000 9,999,384
Mitsubishi Bank Ltd., 6.03%, 8/14/95 4,000,000 3,999,856
Mitsubishi Bank Ltd., 6.04%, 8/11/95 15,000,000 15,000,000
Mitsubishi Bank Ltd., 6.06%, 8/10/95 17,000,000 17,000,558
Sanwa Bank Ltd., 6.02%, 8/14/95 10,000,000 9,999,878
Sanwa Bank Ltd., 6.02%, 9/5/95 7,000,000 7,001,570
Sanwa Bank Ltd., 6.03%, 7/13/95 38,500,000 38,422,615
Sanwa Bank Ltd., 6.03%, 8/14/95 6,000,000 5,999,847
Sanwa Bank Ltd., 6.03%, 8/28/95 15,000,000 15,000,476
Sanwa Bank Ltd., 6.04%, 7/17/95 10,000,000 10,000,035
Sanwa Bank Ltd., 6.04%, 7/17/95 10,000,000 9,999,938
Sanwa Bank Ltd., 6.05%, 7/14/95 25,000,000 25,000,404
Sanwa Bank Ltd., 6.06%, 7/18/95 10,000,000 10,000,140
Sanwa Bank Ltd., 6.06%, 7/18/95 10,000,000 9,999,976
Sanwa Bank Ltd., 6.06%, 8/10/95 10,000,000 10,000,130
Sanwa Bank Ltd., 6.06%, 8/22/95 10,000,000 10,000,142
Sanwa Bank Ltd., 6.14%, 7/24/95 15,000,000 15,000,273
------------
287,215,300
------------
Total Certificates of Deposit (Cost $317,215,300) 317,215,300
------------
DIRECT BANK OBLIGATIONS--7.7%
Abbey National PLC, guaranteeing commercial paper of:
Abbey National North America Corp., 5.75%, 9/6/95 25,000,000 24,732,465
Abbey National North America Corp., 5.90%, 8/7/95 10,000,000 9,939,361
ABN Amro Bank NV, guaranteeing commercial paper of:
ABN Amro Bank, Canada, 5.75%, 9/7/95 10,000,000 9,891,389
Canadian Imperial Bank of Commerce, guaranteeing commercial paper of:
Canadian Imperial Holdings, Inc., 5.94%, 8/10/95 15,000,000 14,901,000
Canadian Imperial Holdings, Inc., 5.94%, 8/9/95 12,000,000 11,922,780
2
<PAGE>
STATEMENT OF INVESTMENTS (Continued)
Centennial Money Market Trust
<CAPTION>
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
DIRECT BANK OBLIGATIONS (CONTINUED)
FCC National Bank, 5.61%, 7/5/95((1)) $ 25,000,000 $ 24,992,381
FCC National Bank, 5.61%, 7/5/95((1)) 14,000,000 13,995,539
FCC National Bank, 5.72%, 7/5/95((1)) 15,000,000 15,000,000
FCC National Bank, 5.72%, 7/5/95((1)) 10,000,000 9,998,288
First National Bank of Boston, 5.70%, 11/21/95 5,000,000 4,886,791
First National Bank of Boston, 6.25%, 7/3/95((1)) 10,000,000 10,000,000
First National Bank of Boston, 6.27%, 7/3/95((1)) 25,000,000 25,000,000
First National Bank of Boston, 6.27%, 7/3/95((1)) 15,000,000 15,000,000
First National Bank of Boston, 6.28%, 7/18/95((1)) 11,000,000 11,001,384
First National Bank of Boston, 6.30%, 7/3/95((1)) 5,000,000 5,002,366
First National Bank of Boston, 6.35%, 7/3/95((1)) 10,000,000 10,000,000
Huntington National Bank, 5.80%, 12/8/95 15,000,000 15,000,000
Huntington National Bank, 6.05%, 5/31/96 13,000,000 13,034,054
National Westminster Bank, guaranteeing commercial paper of:
National Westminster Bank of Canada, 5.65%, 1/26/96 10,000,000 9,671,986
National Westminster Bank of Canada, 5.72%, 9/29/95 15,000,000 14,785,500
National Westminster Bank of Canada, 5.97%, 8/10/95 15,000,000 14,900,500
National Westminster Bank of Canada, 5.97%, 8/9/95 14,000,000 13,909,455
NationsBank Corp., guaranteeing commercial paper of:
NationsBank of Georgia, N.A., 6.10%, 8/16/95 10,000,000 10,000,495
PNC Bank, N.A., 6%, 7/5/95((1)) 10,000,000 9,999,315
Royal Bank of Canada, 5.95%, 8/31/95 10,000,000 9,899,181
Shawmut Bank of Connecticut, N.A., 6.208%, 8/10/95((1)) 10,000,000 10,000,000
Shawmut Bank of Connecticut, N.A., 6.25%, 7/3/95((1)) 35,000,000 34,991,300
------------
Total Direct Bank Obligations (Cost $372,455,530) 372,455,530
------------
LETTERS OF CREDIT--3.2%
Banc One Dayton, guaranteeing commercial paper of:
Nationwide Funding Corp., 6.07%, 7/6/95((1)(2)(3)) 8,999,000 8,999,000
Credit Suisse, guaranteeing commercial paper of:
Queensland Alumina Ltd., 5.90%, 9/22/95 5,000,000 4,931,986
Mitsubishi Bank Ltd., guaranteeing commercial paper of:
DIC Americas, Inc., 5.90%, 9/18/95 20,000,000 19,741,055
DIC Americas, Inc., 5.98%, 8/24/95 15,000,000 14,865,450
Mitsubishi Motors Credit of America, 5.55%-5.63%, 12/5/95 20,000,000 19,512,428
Mitsubishi Motors Credit of America, 5.88%-5.92%, 9/29/95 71,500,000 70,445,125
Sanwa Bank Ltd., guaranteeing commercial paper of:
Orix America, Inc., 5.93%, 9/15/95((2)) 6,500,000 6,418,627
Orix America, Inc., 5.95%, 7/5/95((2)) 4,000,000 3,997,356
Orix America, Inc., 5.97%, 8/4/95((2)) 6,000,000 5,966,170
------------
Total Letters of Credit (Cost $154,877,197) 154,877,197
------------
3
<PAGE>
STATEMENT OF INVESTMENTS (CONTINUED)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- ------------
<S> <C> <C>
SHORT-TERM NOTES--76.5%
Banks--3.3%
Barnett Banks, Inc., 6.02%, 7/10/95 $ 10,000,000 $ 9,984,950
Barnett Banks, Inc., 6.02%, 7/7/95 50,000,000 49,949,833
Barnett Banks, Inc., 6.07%-6.10%, 7/6/95 36,000,000 35,969,554
Barnett Banks, Inc., 6.20%, 7/11/95 13,000,000 12,977,611
Chase Manhattan Corp., 6.03%, 7/21/95 9,000,000 8,969,850
Chemical Banking Corp., 5.60%, 12/8/95 10,000,000 9,751,111
CoreStates Capital Corp., 5.88%, 9/12/95 15,000,000 14,821,150
CoreStates Capital Corp., 6.11%, 7/24/95((1)) 5,000,000 5,000,000
First Bank, N.A. Minneapolis, 6.033%, 7/19/95((1)) 10,000,000 10,000,000
------------
157,424,059
------------
BEVERAGES--2.6%
Bass Finance (C.I.) Ltd., guaranteed by Bass PLC, 5.90%, 9/7/95 10,000,000 9,888,556
Bass Finance (C.I.) Ltd., guaranteed by Bass PLC, 5.95%, 9/6/95 6,650,000 6,576,360
Coca-Cola Enterprises, Inc., 5.91%, 9/15/95((2)) 5,000,000 4,937,617
Coca-Cola Enterprises, Inc., 5.91%, 9/18/95((2)) 20,000,000 19,740,617
Coca-Cola Enterprises, Inc., 5.96%, 8/25/95((2)) 10,000,000 9,908,944
Coca-Cola Enterprises, Inc., 5.96%, 8/8/95((2)) 10,000,000 9,937,089
Coca-Cola Enterprises, Inc., 6.03%, 7/17/95((2)) 25,000,000 24,933,000
Coca-Cola Enterprises, Inc., 6.03%, 7/31/95((2)) 40,000,000 39,799,000
------------
125,721,183
------------
BROKER/DEALERS--4.9%
CS First Boston Group, Inc., 5.79%, 10/13/95 15,000,000 14,749,100
CS First Boston Group, Inc., 5.90%, 10/4/95 12,000,000 11,813,167
CS First Boston Group, Inc., 5.92%-5.97%, 9/6/95 30,000,000 29,667,605
CS First Boston Group, Inc., 5.96%, 10/6/95 10,000,000 9,839,411
Goldman Sachs Group L.P., 6.06%, 9/21/95((2)(4)) 12,000,000 12,000,000
Goldman Sachs Group L.P., 6.08%, 7/13/95((2)(4)) 20,000,000 20,000,000
Goldman Sachs Group L.P., 6.188%, 7/27/95((1)(2)(4)) 10,000,000 10,000,000
Goldman Sachs Group L.P., 6.25%, 7/18/95((1)(2)(4)) 10,000,000 10,000,000
Morgan Stanley Group, Inc., 5.94%, 8/7/95 25,000,000 24,847,375
Morgan Stanley Group, Inc., 5.96%, 7/3/95((1)) 51,900,000 51,900,000
Morgan Stanley Group, Inc., 6%, 7/7/95 25,000,000 24,975,000
Morgan Stanley Group, Inc., 6.02%, 7/26/95 15,000,000 14,937,292
------------
234,728,950
------------
BUILDING MATERIALS--0.5%
Compagnie de Saint-Gobain SA, 5.87%, 9/12/95 15,000,000 14,821,454
Redland Finance, Inc., guaranteed by Redland PLC, 5.97%, 7/28/95 8,250,000 8,213,061
------------
23,034,515
------------
4
<PAGE>
STATEMENT OF INVESTMENTS (CONTINUED)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
SHORT-TERM NOTES (CONTINUED)
CHEMICALS--0.3%
Monsanto Co., 5.67%, 10/13/95 $ 10,000,000 $ 9,836,200
Monsanto Co., 5.77%, 12/20/95 5,000,000 4,862,161
------------
14,698,361
------------
COMMERCIAL FINANCE--8.0%
CIT Group Holdings, Inc., 5.65%, 10/10/95 15,000,000 14,762,229
CIT Group Holdings, Inc., 5.96%, 8/16/95 15,000,000 14,885,767
CIT Group Holdings, Inc., 5.97%, 8/14/95 40,000,000 39,708,133
CIT Group Holdings, Inc., 6.208%, 7/12/95((1)(3)) 11,000,000 11,000,000
CIT Group Holdings, Inc., 6.45%, 7/3/95((1)) 10,000,000 9,998,397
FINOVA Capital Corp., 5.95%, 9/21/95 10,000,000 9,864,472
FINOVA Capital Corp., 5.97%, 9/22/95 11,500,000 11,341,712
FINOVA Capital Corp., 6%, 9/7/95 50,000,000 49,433,333
FINOVA Capital Corp., 6%-6.07%, 8/30/95 20,000,000 19,798,833
FINOVA Capital Corp., 6.03%, 8/18/95 15,000,000 14,879,400
FINOVA Capital Corp., 6.05%, 8/25/95 10,000,000 9,907,570
FINOVA Capital Corp., 6.05%, 8/29/95 10,000,000 9,900,847
FINOVA Capital Corp., 6.07%, 7/28/95 9,000,000 8,959,028
FINOVA Capital Corp., 6.07%, 8/4/95 38,000,000 37,782,155
Fleet Mortgage Group, Inc., 5.93%, 8/25/95 15,000,000 14,864,104
Fleet Mortgage Group, Inc., 5.98%, 7/25/95 30,000,000 29,880,400
Fleet Mortgage Group, Inc., 6.02%, 7/17/95 10,000,000 9,973,245
Fleet Mortgage Group, Inc., 6.05%, 7/20/95 30,000,000 29,904,208
Heller Financial, Inc., 5.52%, 3/12/96 25,000,000 24,022,500
Heller Financial, Inc., 5.85%, 9/25/95 12,000,000 11,832,300
------------
382,698,633
------------
CONGLOMERATES--1.4%
Mitsubishi International Corp., 5.90%, 9/11/95 7,000,000 6,917,400
Mitsubishi International Corp., 5.95%, 8/15/95 7,880,000 7,821,393
Mitsubishi International Corp., 5.95%, 8/23/95 5,000,000 4,956,201
Mitsubishi International Corp., 6.07%, 7/5/95 14,000,000 13,990,558
Pacific Dunlop Holdings, Inc., guaranteed by Pacific Dunlop Ltd., 5.92%, 8/31/95((2)) 8,809,000 8,720,636
Pacific Dunlop Holdings, Inc., guaranteed by Pacific Dunlop Ltd., 5.97%, 7/18/95((2)) 5,000,000 4,985,904
Pacific Dunlop Holdings, Inc., guaranteed by Pacific Dunlop Ltd., 5.97%, 8/21/95((2)) 15,000,000 14,873,138
Pacific Dunlop Ltd., 5.88%, 9/18/95((2)) 5,000,000 4,935,483
------------
67,200,713
------------
CONSUMER FINANCE--1.9%
Beneficial Corp., 5.72%, 7/5/95((1)) 7,000,000 7,000,000
Sears Roebuck Acceptance Corp., 5.70%, 12/19/95 5,000,000 4,864,625
5
<PAGE>
STATEMENT OF INVESTMENTS (CONTINUED)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
SHORT-TERM NOTES (CONTINUED)
Sears Roebuck Acceptance Corp., 5.70%, 9/22/95 $ 20,000,000 $ 19,737,167
Sears Roebuck Acceptance Corp., 5.92%, 8/7/95 10,000,000 9,939,156
Sears Roebuck Acceptance Corp., 5.97%, 8/21/95 17,000,000 16,856,222
Sears Roebuck Acceptance Corp., 5.98%, 8/18/95 35,000,000 34,720,933
------------
93,118,103
------------
DIVERSIFIED FINANCIAL--10.6%
Associates Corp. of North America, 6.25%, 7/3/95 6,800,000 6,797,639
Ford Motor Credit Co., 5.60%-5.68%, 1/12/96 23,200,000 22,489,767
Ford Motor Credit Co., 5.70%, 9/1/95 30,000,000 29,705,500
Ford Motor Credit Co., 5.73%-5.77%, 10/2/95 35,000,000 34,479,329
Ford Motor Credit Co., 5.92%, 8/1/95 11,000,000 10,943,924
Ford Motor Credit Co., 5.92%, 8/21/95 8,000,000 7,932,907
Ford Motor Credit Co., 5.93%, 8/23/95 10,000,000 9,912,697
Ford Motor Credit Co., 5.94%, 7/21/95 25,000,000 24,917,500
Ford Motor Credit Co., 5.95%, 7/5/95 22,000,000 21,985,456
General Electric Capital Corp., 5.56%, 12/4/95 15,000,000 14,638,600
General Electric Capital Corp., 5.65%, 12/8/95 25,000,000 24,372,222
General Electric Capital Corp., 5.75%, 9/18/95 30,000,000 29,621,458
General Electric Capital Corp., 5.85%, 9/25/95 20,000,000 19,720,500
General Electric Capital Corp., 6.02%, 8/4/95 10,000,000 9,943,145
General Electric Capital Corp., 6.25%, 7/3/95((1)) 15,000,000 14,996,443
General Electric Capital Corp., 6.29%, 7/3/95((1)) 15,000,000 14,996,399
General Motors Acceptance Corp., 5.58%-5.63%, 11/27/95 30,000,000 29,305,081
General Motors Acceptance Corp., 5.65%, 12/26/95 15,000,000 14,580,958
General Motors Acceptance Corp., 5.68%, 12/22/95 25,000,000 24,313,667
General Motors Acceptance Corp., 5.75%, 2/16/96 30,000,000 28,897,917
General Motors Acceptance Corp., 5.92%, 10/20/95 15,000,000 14,726,200
General Motors Acceptance Corp., 5.99%, 8/21/95 10,000,000 9,915,142
General Motors Acceptance Corp., 6%, 8/2/95 13,000,000 12,930,667
General Motors Acceptance Corp., 6.09%-6.11%, 7/17/95 40,000,000 39,891,444
General Motors Acceptance Corp., 6.50%, 7/22/95((1)) 26,500,000 26,544,449
Household Finance Corp., 5.75%, 9/7/95 10,000,000 9,891,389
------------
508,450,400
------------
DURABLE HOUSEHOLD GOODS--0.8%
Newell Co., 5.90%, 10/11/95((2)) 15,000,000 14,749,250
Newell Co., 5.91%, 10/16/95((2)) 10,000,000 9,824,342
Newell Co., 6.05%, 7/19/95((2)) 15,000,000 14,954,625
------------
39,528,217
------------
ELECTRIC UTILITIES--1.5%
Central & Southwest Corp., 5.92%, 8/16/95 14,000,000 13,894,098
6
<PAGE>
STATEMENT OF INVESTMENTS (Continued)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
SHORT-TERM NOTES (CONTINUED)
ELECTRIC UTILITIES (CONTINUED)
Central & Southwest Corp., 5.95%, 8/2/95 $ 15,000,000 $ 14,920,667
Vattenfall Treasury, Inc., guaranteed by Vattenfall AB, 6.02%, 7/28/95 8,600,000 8,561,171
Vattenfall Treasury, Inc., guaranteed by Vattenfall AB, 6.05%, 7/7/95 35,000,000 34,964,708
------------
72,340,644
------------
ELECTRICAL EQUIPMENT--0.1%
Xerox Corp., 5.62%, 3/11/96 5,000,000 4,801,739
------------
ELECTRONICS--1.3%
Mitsubishi Electric Finance America, Inc., 5.93%, 9/14/95((2)) 20,000,000 19,752,917
Mitsubishi Electric Finance America, Inc., 5.97%, 7/20/95 15,000,000 14,952,737
Mitsubishi Electric Finance America, Inc., 5.98%, 7/14/95 10,000,000 9,978,405
Panasonic Finance, Inc., 5.75%, 10/20/95((2)) 9,500,000 9,331,573
Panasonic Finance, Inc., 6.25%, 7/3/95((2)) 10,000,000 9,996,528
------------
64,012,160
------------
HEALTHCARE/DRUGS--0.5%
Sandoz Corp., 5.75%, 9/7/95 6,000,000 5,934,833
Sandoz Corp., 5.90%, 9/8/95 20,000,000 19,773,833
------------
25,708,666
------------
HEALTHCARE/SUPPLIES & SERVICES--3.4%
A.H. Robins Co., Inc., guaranteed by American Home Products, 5.95%, 8/30/95((2)) 19,500,000 19,306,625
A.H. Robins Co., Inc., guaranteed by American Home Products, 5.98%, 7/17/95((2)) 13,400,000 13,364,386
A.H. Robins Co., Inc., guaranteed by American Home Products, 6%, 7/6/95((2)) 15,000,000 14,987,500
Allergan, Inc., 6.03%, 7/6/95 15,000,000 14,987,438
American Home Food Products, Inc., 5.98%, 7/18/95((2)) 15,000,000 14,957,642
American Home Food Products, Inc., 6.02%, 7/24/95((2)) 15,000,000 14,942,308
American Home Food Products, Inc., 6.08%, 7/10/95((2)) 25,000,000 24,962,000
American Home Products, 5.97%, 8/29/95((2)) 15,000,000 14,853,237
American Home Products, 6.02%, 7/24/95((2)) 15,000,000 14,942,308
American Home Products, 6.08%, 7/10/95((2)) 10,000,000 9,984,800
American Home Products, 6.30%, 7/3/95((2)) 5,900,000 5,897,935
------------
163,186,179
------------
INSURANCE--4.3%
Pacific Mutual Life Insurance Co., 6.235%, 7/3/95((1)(2)(3)(4)) 25,000,000 25,000,000
Protective Life Insurance Co., 6.19%, 8/16/95((2)(3)) 20,000,000 20,000,000
Protective Life Insurance Co., 6.213%, 7/3/95((1)(2)(4)) 10,000,000 10,000,000
Sun Life Insurance Co., 6.158%, 7/5/95 ((1)(3)) 110,000,000 110,000,000
TransAmerica Life Insurance & Annuity Co., 6.203%, 7/3/95 ((1)(2)(3)) 43,000,000 43,000,000
------------
208,000,000
------------
7
<PAGE>
STATEMENT OF INVESTMENTS (Continued)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
SHORT-TERM NOTES (CONTINUED)
LEASING & FACTORING--6.1%
CSW Credit, Inc., 5.97%, 7/14/95 $ 28,700,000 $ 28,638,128
International Lease Finance Corp., 6%, 7/20/95 12,500,000 12,460,417
International Lease Finance Corp., 6%, 7/24/95 10,000,000 9,961,667
International Lease Finance Corp., 6.03%, 7/19/95 13,000,000 12,960,805
Sanwa Business Credit Corp., 5.74%, 7/5/95((1)(2)) 15,000,000 15,000,000
Sanwa Business Credit Corp., 5.77%, 9/15/95 20,000,000 19,756,378
Sanwa Business Credit Corp., 5.87%, 9/18/95 10,000,000 9,871,186
Sanwa Business Credit Corp., 5.88%, 9/14/95 7,000,000 6,914,250
Sanwa Business Credit Corp., 5.90%, 8/11/95 20,000,000 19,865,611
Sanwa Business Credit Corp., 5.90%, 9/25/95 3,500,000 3,450,669
Sanwa Business Credit Corp., 5.91%, 8/22/95 11,000,000 10,906,097
Sanwa Business Credit Corp., 5.91%, 8/31/95 10,000,000 9,899,858
Sanwa Business Credit Corp., 5.93%, 8/7/95 7,000,000 6,957,337
Sanwa Business Credit Corp., 5.93%, 9/1/95 5,000,000 4,948,936
Sanwa Business Credit Corp., 5.94%, 8/14/95 17,000,000 16,876,580
Sanwa Business Credit Corp., 5.94%, 8/15/95 20,000,000 19,851,500
Sanwa Business Credit Corp., 5.94%, 8/18/95 20,000,000 19,841,600
Sanwa Business Credit Corp., 5.96%, 7/17/95 15,000,000 14,960,267
Sanwa Business Credit Corp., 5.97%, 7/21/95 9,700,000 9,667,828
Sanwa Business Credit Corp., 6.05%, 7/12/95 5,000,000 4,990,757
Sanwa Business Credit Corp., 6.16%, 7/3/95((1)(2)) 15,000,000 14,996,758
The Hertz Corp., 5.77%, 9/18/95 20,000,000 19,746,761
------------
292,523,390
------------
MANUFACTURING--4.8%
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.75%, 9/15/95 20,000,000 19,757,222
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.75%, 9/22/95 5,000,000 4,933,715
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.90%, 9/7/95 25,000,000 24,721,389
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.93%, 8/25/95 10,000,000 9,909,403
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.94%, 8/17/95 20,000,000 19,844,900
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.95%, 8/15/95 15,000,000 14,888,438
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.95%-5.97%, 8/18/95 33,000,000 32,737,720
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.96%, 8/21/95 24,100,000 23,896,516
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 5.96%, 8/9/95 15,000,000 14,903,150
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 6.05%, 7/10/95 10,000,000 9,984,875
Hanson Finance (UK) PLC, guaranteed by Hanson PLC, 6.05%, 7/5/95 25,000,000 24,983,194
Rexam PLC, 5.90%, 8/29/95((2)) 13,750,000 13,617,045
Rexam PLC, 5.95%, 8/4/95((2)) 15,000,000 14,915,708
------------
229,093,275
------------
8
<PAGE>
STATEMENT OF INVESTMENTS (Continued)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
SHORT-TERM NOTES (CONTINUED)
METALS/MINING--0.4%
RTZ America, Inc., guaranteed by RTZ Corp., PLC, 6%, 7/24/95((2)) $ 12,900,000 $ 12,850,550
RTZ America, Inc., guaranteed by RTZ Corp., PLC, 6.05%, 7/10/95((2)) 5,278,000 5,270,017
------------
18,120,567
------------
OIL-INTEGRATED--1.5%
Repsol International Finance BV, 6%, 7/19/95 27,000,000 26,919,000
Repsol International Finance BV, 6.05%, 7/6/95 25,000,000 24,978,993
Texaco, Inc., 6.05%, 7/6/95 20,000,000 19,983,194
------------
71,881,187
------------
SAVINGS & LOANS--0.6%
Household Bank FSB, 5.92%, 9/20/95 10,000,000 9,999,335
Household Bank FSB, 6%, 8/23/95 10,000,000 9,999,710
Household Bank FSB, 6%, 8/30/95 10,000,000 10,000,000
------------
29,999,045
------------
SPECIAL PURPOSE FINANCIAL--15.6%
Asset Securitization Cooperative, 5.92%, 7/31/95((2)) 38,000,000 37,812,533
Asset Securitization Cooperative, 5.95%, 8/11/95((2)) 25,000,000 24,830,590
Asset Securitization Cooperative, 5.97%, 8/25/95((2)) 14,000,000 13,872,308
Beta Finance, Inc., 5.80%, 10/11/95((2)) 4,000,000 3,934,267
Beta Finance, Inc., 5.90%, 9/15/95((2)) 10,000,000 9,875,444
CIESCO L.P., 5.83%, 10/13/95 11,000,000 10,814,736
CIESCO L.P., 5.85%, 9/22/95((2)) 16,800,000 16,573,410
CIESCO L.P., 5.95%, 7/27/95 15,000,000 14,935,542
CIESCO L.P., 5.95%, 8/11/95 20,000,000 19,864,472
Cooperative Association of Tractor Dealers, Inc., 5.98%, 8/15/95 7,400,000 7,344,685
Cooperative Association of Tractor Dealers, Inc., 6%, 7/25/95 3,700,000 3,685,200
Cooperative Association of Tractor Dealers, Inc., 6.03%, 7/24/95 7,000,000 6,973,033
Cooperative Association of Tractor Dealers, Inc., 6.05%, 7/5/95 11,500,000 11,492,269
Cooperative Association of Tractor Dealers, Inc., 6.10%, 7/6/95 5,100,000 5,095,679
Cooperative Association of Tractor Dealers, Inc., 6.30%, 7/3/95 4,400,000 4,398,460
CXC, Inc., 5.76%, 9/7/95((2)) 20,000,000 19,782,400
CXC, Inc., 5.95%, 8/7/95((2)) 25,000,000 24,847,118
CXC, Inc., 5.95%, 8/8/95((2)) 10,000,000 9,937,194
CXC, Inc., 5.95%, 9/13/95((2)) 10,000,000 9,877,694
CXC, Inc., 5.96%, 8/14/95((2)) 20,000,000 19,854,311
CXC, Inc., 6.02%, 7/14/95((2)) 7,000,000 6,984,783
CXC, Inc., 6.05%, 7/10/95((2)) 20,000,000 19,969,750
Falcon Asset Securitization Corp., 5.92%, 8/21/95((2)) 11,825,000 11,725,828
Falcon Asset Securitization Corp., 5.93%-5.94%, 8/18/95((2)) 26,575,000 26,364,659
9
<PAGE>
STATEMENT OF INVESTMENTS (Continued)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
SHORT-TERM NOTES (CONTINUED)
SPECIAL PURPOSE FINANCIAL (CONTINUED)
First Deposit Master Trust 1993-3, 5.88%, 9/29/95((2)(4)) $ 10,000,000 $ 9,853,125
First Deposit Master Trust 1993-3, 5.92%, 8/22/95((2)(4)) 13,300,000 13,186,270
Madison Funding Corp., 5.92%, 8/31/95 10,100,000 9,998,686
Madison Funding Corp., 5.95%, 8/11/95 12,300,000 12,216,650
Madison Funding Corp., 5.98%, 7/11/95 7,900,000 7,886,877
Madison Funding Corp., 6.02%, 7/27/95 25,125,000 25,015,762
New Center Asset Trust, 5.93%, 8/28/95 10,000,000 9,904,461
New Center Asset Trust, 5.95%, 8/7/95 40,000,000 39,755,389
New Center Asset Trust, 5.97%, 8/9/95 3,490,000 3,467,428
New Center Asset Trust, 5.98%, 8/11/95 15,000,000 14,897,842
New Center Asset Trust, 6.01%, 8/2/95 13,000,000 12,930,551
New Center Asset Trust, 6.02%, 7/24/95 18,000,000 17,930,770
New Center Asset Trust, 6.02%, 8/1/95 15,000,000 14,922,242
New Center Asset Trust, 6.03%, 7/26/95 10,000,000 9,958,125
New Center Asset Trust, 6.03%, 7/31/95 15,000,000 14,924,625
New Center Asset Trust, 6.07%, 7/10/95 15,000,000 14,977,238
New Center Asset Trust, 6.07%, 7/11/95 12,500,000 12,478,924
New Center Asset Trust, 6.30%, 7/3/95 40,000,000 39,986,000
SMM Trust 1994-B, 6.18%, 8/11/95((2)(4)) 20,000,000 20,000,000
SMM Trust 1995-I, 6.083%, 7/31/95((1)(2)(4)) 25,000,000 24,993,379
Structured Enhanced Return Trust 1994 Series A-11, 6.25%, 7/3/95((1)(2)(4)) 10,000,000 10,000,000
WCP Funding, 5.87%, 9/27/95((2)) 20,000,000 19,713,022
WCP Funding, 5.92%, 8/25/95 20,000,000 19,819,111
WCP Funding, 5.95%, 7/28/95 15,000,000 14,933,063
WCP Funding, 5.95%, 8/16/95((2)) 14,500,000 14,389,760
------------
748,985,665
------------
SPECIALTY RETAILING--0.2%
St. Michael Finance Ltd., guaranteed by Marks & Spencer PLC, 5.95%, 8/14/95 4,252,000 4,221,079
St. Michael Finance Ltd., guaranteed by Marks & Spencer PLC, 6.02%, 7/27/95 5,000,000 4,978,261
------------
9,199,340
------------
TELECOMMUNICATIONS-TECHNOLOGY--1.4%
Electronic Data Systems Corp., 5.85%, 9/15/95 16,395,000 16,192,522
NYNEX Corp., 5.72%, 10/13/95 5,000,000 4,917,378
NYNEX Corp., 5.77%-5.94%, 9/5/95 24,600,000 24,336,656
NYNEX Corp., 5.89%, 9/14/95 10,000,000 9,877,292
NYNEX Corp., 6%, 8/31/95 15,000,000 14,847,500
------------
70,171,348
------------
10
<PAGE>
STATEMENT OF INVESTMENTS (Continued)
Centennial Money Market Trust
Amortized
Face Cost
Amount See Note 1
-------------- --------------
<S> <C> <C>
SHORT-TERM NOTES (Continued)
TOYS--0.5%
Hasbro, Inc., 5.83%, 9/28/95 $ 13,200,000 $ 13,009,748
Hasbro, Inc., 5.95%, 8/22/95 10,000,000 9,914,055
------------
22,923,803
------------
Total Short-Term Notes (Cost $3,677,550,142) 3,677,550,142
------------
U.S. GOVERNMENT OBLIGATIONS--1.2%
Small Business Administration, 6.625%-10.625%, 7/3/95 (Cost $59,462,594)((5)) 57,002,806 59,462,594
------------
FOREIGN GOVERNMENT OBLIGATIONS--0.3%
Swedish Export Credit Corp., supported by the Kingdom of Sweden, 5.60%, 1/16/96 (Cost
$13,566,622) 14,000,000 13,566,622
------------
REPURCHASE AGREEMENTS--0.4%
Repurchase agreement with J.P. Morgan Securities, Inc., 6.18%, dated 6/30/95, to be
repurchased at $20,310,455 on 7/3/95, collateralized by Federal National Mortgage
Assn., 6.50%, 6/1/25, with a value of $9,208,740, and Federal Home Loan Mortgage
Corp., 7%-8.50%, 5/1/24-6/1/25, with a value of $11,798,991 (Cost $20,300,000) 20,300,000 20,300,000
------------
Total Investments, at Amortized Cost 95.9% 4,615,427,385
Other Assets Net of Liabilities 4.1 196,765,354
------------ ------------
Net Assets 100.0% $4,812,192,739
============ ============
</TABLE>
Short-term notes, direct bank obligations and letters of credit are generally
traded on a discount basis; the interest rate is the discount rate received
by the Trust at the time of purchase. Other securities normally bear interest
at the rates shown.
1. Variable rate security. The interest rate, which is based on specific, or
an index of, current market interest rates, is subject to change
periodically and is the effective rate on June 30, 1995.
2. Security purchased in private placement transaction, without registration
under the Securities Act of 1933 (the Act). The securities are carried at
amortized cost, and amount to $989,988,480, or 20.6% of the Trust's net
assets.
3. Put obligation redeemable at full face value on the date reported.
4. In addition to being restricted, the security is considered illiquid by
virtue of the absence of a readily available market or because of legal or
contractual restrictions on resale. Illiquid securities amount to
$165,032,774, or 3.4% of the Trust's net assets, at June 30, 1995. The
Trust may not invest more than 10% of its net assets (determined at the
time of purchase) in illiquid securities.
5. Floating or variable rate obligation maturing in more than one year. The
interest rate, which is based on specific, or an index of, current market
interest rates, is subject to change periodically and is the effective rate
on June 30, 1995. This instrument may also have a demand feature which
allows the recovery of principal at any time, or at specified intervals not
exceeding one year, on up to 30 days' notice. Maturity date shown
represents effective maturity based on variable rate and, if applicable,
demand feature.
See accompanying Notes to Financial Statements.
11
<PAGE>
STATEMENT OF ASSETS AND LIABILITIES June 30, 1995
Centennial Money Market Trust
<TABLE>
<CAPTION>
<S> <C>
ASSETS:
Investments, at amortized cost, see accompanying statement $4,615,427,385
Receivables:
Shares of beneficial interest sold 257,850,106
Interest and principal paydowns 9,681,169
Other 287,501
--------------
Total assets 4,883,246,161
--------------
LIABILITIES:
Bank overdraft 11,942,433
Payables and other liabilities:
Shares of beneficial interest redeemed 46,932,638
Dividends 10,104,401
Transfer and shareholder servicing agent fees--Note 3 682,258
Service plan fees--Note 3 376,525
Trustees' fees 19,393
Other 995,774
--------------
Total liabilities 71,053,422
--------------
NET ASSETS $4,812,192,739
==============
COMPOSITION OF NET ASSETS:
Paid-in capital $4,811,697,145
Accumulated net realized gain from investment transactions 495,594
--------------
NET ASSETS--Applicable to 4,811,697,145 shares of beneficial interest outstanding $4,812,192,739
==============
NET ASSET VALUE, REDEMPTION PRICE AND OFFERING PRICE PER SHARE $1.00
</TABLE>
See accompanying Notes to Financial Statements.
12
<PAGE>
STATEMENT OF OPERATIONS For the Year Ended June 30, 1995
Centennial Money Market Trust
INVESTMENT INCOME:
Interest $ 191,956,662
--------------
EXPENSES:
Management fees--Note 3 12,657,193
Service plan fees--Note 3 6,674,126
Transfer and shareholder servicing agent fees--Note 3 3,579,829
Registration and filing fees 897,701
Shareholder reports 312,377
Custodian fees and expenses 222,599
Legal and auditing fees 46,965
Trustees' fees and expenses 39,898
Other 41,698
--------------
Total expenses 24,472,386
--------------
NET INVESTMENT INCOME 167,484,276
NET REALIZED GAIN ON INVESTMENTS 431,897
--------------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 167,916,173
==============
STATEMENTS OF CHANGES IN NET ASSETS
Centennial Money Market Trust
<TABLE>
<CAPTION>
Year Ended June 30,
1995 1994
-------------- ----------------
<S> <C> <C>
OPERATIONS:
Net investment income $ 167,484,276 $ 66,535,442
Net realized gain on investments 431,897 1,255
------------- --------------
Net increase in net assets resulting from operations 167,916,173 66,536,697
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS (167,484,999) (66,775,088)
BENEFICIAL INTEREST TRANSACTIONS:
Net increase in net assets resulting from beneficial interest
transactions Note 2 2,252,373,243 568,227,961
------------- --------------
NET ASSETS:
Total increase 2,252,804,417 567,989,570
Beginning of period 2,559,388,322 1,991,398,752
------------ --------------
End of period $4,812,192,739 $2,559,388,322
============= ==============
</TABLE>
See accompanying Notes to Financial Statements.
13
<PAGE>
FINANCIAL HIGHLIGHTS
Centennial Money Market Trust
<TABLE>
<CAPTION>
Nine
Months
Year Ended June 30, Ended
---------------------------------------------------------------------------------------- June 30,
1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
---------- ---------- ---------- ---------- -------- -------- -------- -------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING DATA:
Net asset value,
beginning of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Income from investment
operations--net investment
income and net realized
gain on investments .05 .03((1)) .03((1)) .04((1)) .07 .08 .08 .06 .05 .05
Dividends and distributions
to shareholders (.05) (.03) (.03) (.04) (.07) (.08) (.08) (.06) (.05) (.05)
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Net asset value,
end of period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
===== ===== ===== ===== ===== ===== ===== ===== ===== =====
TOTAL RETURN, AT NET
ASSET VALUE ((2)) 5.21% 2.82% 2.91% 4.73% 7.31% 8.32% 8.33% 6.29% 5.09% 7.19%
RATIOS/SUPPLEMENTAL
DATA:
Net assets, end of
period (in thousands) $4,812,193 $2,559,388 $1,991,399 $1,270,423 $539,433 $470,078 $333,409 $231,210 $190,701 $171,477
Average net assets
(in thousands) $3,342,447 $2,345,744 $1,700,638 $ 820,546 $494,871 $421,969 $272,430 $212,273 $190,923 $163,383
Number of shares
outstanding at end
of period
(in thousands) 4,811,697 2,559,324 1,991,096 1,270,359 539,418 470,080 333,409 231,212 190,701 171,477
Ratios to average net
assets:
Net investment income 5.01% 2.84% 2.82% 4.31% 6.66% 7.82% 8.24% 6.16% 5.40% 6.67%((3))
Expenses .73% .76%((1)) .78%((1)) .69%((1)).84% .84% .90% .98% 1.00% 1.04%((3))
</TABLE>
1. Net investment income would have been $.03, $.03 and $.04 per share absent
the voluntary expense limitation, resulting in an expense ratio of .81%,
.83%, and .81% for the years ended June 30, 1994, 1993 and 1992,
respectively.
2. Assumes a hypothetical initial investment on the business day before the
first day of the fiscal period, with all dividends reinvested in
additional shares on the reinvestment date, and redemption at the net
asset value calculated on the last business day of the fiscal period.
Total returns are not annualized for periods of less than one full year.
Total returns reflect changes in net investment income only.
3. Annualized.
See accompanying Notes to Financial Statements.
14
<PAGE>
NOTES TO FINANCIAL STATEMENTS
Centennial Money Market Trust
1. SIGNIFICANT ACCOUNTING POLICIES
Centennial Money Market Trust (the Trust) is registered under the Investment
Company Act of 1940, as amended, as a diversified, open-end management
investment company. The Trust's investment advisor is Centennial Asset
Management Corporation (the Manager), a subsidiary of Oppenheimer Management
Corporation (OMC). The following is a summary of significant accounting
policies consistently followed by the Trust.
Investment Valuation--Portfolio securities are valued on the basis of amortized
cost, which approximates market value.
Federal Taxes--The Trust intends to continue to comply with provisions of the
Internal Revenue Code applicable to regulated investment companies and to
distribute all of its taxable income to shareholders. Therefore, no federal
income or excise tax provision is required.
Distributions to Shareholders--The Trust intends to declare dividends from net
investment income each day the New York Stock Exchange is open for business
and pay such dividends monthly. To effect its policy of maintaining a net
asset value of $1.00 per share, the Trust may withhold dividends or make
distributions of net realized gains.
Other--Investment transactions are accounted for on the date the investments
are purchased or sold (trade date). Realized gains and losses on investments
are determined on an identified cost basis, which is the same basis used for
federal income tax purposes.
2. SHARES OF BENEFICIAL INTEREST
The Trust has authorized an unlimited number of no par value shares of
beneficial interest. Transactions in shares of beneficial interest were as
follows:
<TABLE>
<CAPTION>
Year Ended June 30, 1995 Year Ended June 30, 1994
----------------------------------- --------------------------------------
Shares Amount Shares Amount
--------------- ----------------- ---------------- ------------------
<S> <C> <C> <C> <C>
Sold 14,974,552,413 $ 14,974,552,413 10,696,571,220 $ 10,696,571,220
Dividends and distributions
reinvested 156,243,456 156,243,456 62,872,689 62,872,689
Redeemed (12,878,422,626) (12,878,422,626) (10,191,215,948) (10,191,215,948)
------------- --------------- -------------- ----------------
Net increase 2,252,373,243 $ 2,252,373,243 568,227,961 $ 568,227,961
============= =============== ============== ================
</TABLE>
15
<PAGE>
NOTES TO FINANCIAL STATEMENTS (Continued)
Centennial Money Market Trust
3. MANAGEMENT FEES AND OTHER
TRANSACTIONS WITH AFFILIATES
Management fees paid to the Manager were in accordance with the investment
advisory agreement with the Trust which provides for a fee of .50% on the
first $250 million of average annual net assets with a reduction of .025% on
each $250 million thereafter, to .40% on net assets in excess of $1 billion.
The Manager has voluntarily agreed to reduce the fee on net assets in excess
of $1.25 billion, to .375% on the first $250 million, .35% on the next $500
million, and .325% on net assets in excess of $2 billion. The Manager has
agreed to reimburse the Trust if aggregate expenses (with specified
exceptions) exceed the lesser of 1.50% of the first $30 million of average
annual net assets of the Trust, plus 1% of average annual net assets in
excess of $30 million; or 25% of the total annual investment income of the
Trust. A voluntary undertaking to assume Trust expenses to the level needed
to maintain a seven-day yield at least equal to that of Daily Cash
Accumulation Fund, Inc., another registered investment company advised by the
Manager, was terminated December 1, 1994.
Shareholder Services, Inc. (SSI), a subsidiary of OMC, is the transfer and
shareholder servicing agent for the Trust, and for other registered
investment companies. SSI's total costs of providing such services are
allocated ratably to these companies.
Under an approved service plan, the Trust may expend up to .20% of its net
assets annually to reimburse certain securities dealers and other financial
institutions and organizations for costs incurred in distributing Trust
shares.
16
<PAGE>
INDEPENDENT AUDITORS' REPORT
Centennial Money Market Trust
The Board of Trustees and Shareholders of Centennial Money Market Trust:
We have audited the accompanying statement of assets and liabilities,
including the statement of investments, of Centennial Money Market Trust as
of June 30, 1995, the related statement of operations for the year then
ended, the statements of changes in net assets for the years ended June 30,
1995 and 1994, and the financial highlights for the period October 1, 1985 to
June 30, 1995. These financial statements and financial highlights are the
responsibility of the Trust's management. Our responsibility is to express an
opinion on these financial statements and financial highlights based on our
audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements and
financial highlights are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. Our procedures included confirmation of
securities owned at June 30, 1995 by correspondence with the custodian. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, such financial statements and financial highlights present
fairly, in all material respects, the financial position of Centennial Money
Market Trust at June 30, 1995, the results of its operations, the changes in
its net assets, and the financial highlights for the respective stated
periods, in conformity with generally accepted accounting principles.
DELOITTE & TOUCHE LLP
Denver, Colorado
July 24, 1995
17
<PAGE>
FEDERAL INCOME TAX INFORMATION (Unaudited)
Centennial Money Market Trust
In early 1996, shareholders will receive information regarding all dividends
and distributions paid to them by the Trust during calendar year 1995.
Regulations of the U.S. Treasury Department require the Trust to report this
information to the Internal Revenue Service.
None of the dividends paid by the Trust during the fiscal year ended June 30,
1995 are eligible for the corporate dividend-received deduction.
The foregoing information is presented to assist shareholders in reporting
distributions received from the Trust to the Internal Revenue Service.
Because of the complexity of the federal regulations which may affect your
individual tax return and the many variations in state and local tax
regulations, we recommend that you consult your tax advisor for specific
guidance.
18
<PAGE>
CENTENNIAL MONEY MARKET TRUST
Officers and Trustees
James C. Swain, Chairman and Chief Executive Officer
Robert G. Avis, Trustee
William A. Baker, Trustee
Charles Conrad, Jr., Trustee
Jon S. Fossel, Trustee and President
Raymond J. Kalinowski, Trustee
C. Howard Kast, Trustee
Robert M. Kirchner, Trustee
Ned M. Steel, Trustee
Andrew J. Donohue, Vice President
Dorothy G. Warmack, Vice President
Carol E. Wolf, Vice President
Arthur J. Zimmer, Vice President
George C. Bowen, Vice President, Secretary and Treasurer
Robert J. Bishop, Assistant Treasurer
Scott Farrar, Assistant Treasurer
Robert G. Zack, Assistant Secretary
Investment Advisor and Distributor
Centennial Asset Management Corporation
Transfer and Shareholder Servicing Agent
Shareholder Services, Inc.
Custodian of Portfolio Securities
Citibank, N.A.
Independent Auditors
Deloitte & Touche LLP
Legal Counsel
Myer, Swanson, Adams & Wolf, P.C.
This is a copy of a report to shareholders of Centennial Money Market Trust.
This report must be preceded or accompanied by a Prospectus of Centennial
Money Market Trust. For material information concerning the Trust, see the
Prospectus.
Shares of Centennial Money Market Trust are not deposits
or obligations of any bank, are not guaranteed by any bank, and are not
insured by the FDIC or any other agency, and involve investment risks,
including possible loss of the principal amount invested.
For shareholder servicing, call:
1-800-525-7048 (in U.S.)
303-671-3200 (outside U.S.)
Or write:
Shareholder Services, Inc.
P.O. Box 5270
Denver, CO 80217-5270
RA0150.001.0895
["Recycled" logo] Printed on Recycled Paper.
[COVER]
1995 Annual Report
Centennial Money Market Trust
June 30, 1995
