SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the Fiscal Year ended March 30, 1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from _______ to ________
Commission file number 1-9247
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
(Full title of the Plan)
Computer Associates International, Inc.
One Computer Associates Plaza
Islandia, NY 11749
(Name of issuer of the securities held pursuant to the plan and
the address of its principal executive office)
<PAGE>
ITEM 1. Financial Statements and Exhibits.
(a) The financial statements filed herewith consist of the
following:
Reports of Independent Auditors F-1
Statement of Assets Available for Benefits
as of March 30, 1999 F-3
Statement of Net Assets Available for Benefits
as of March 30, 1998 F-4
Statement of Changes in Assets Available for
Benefits for the Year Ended March 30, 1999 F-5
Notes to Financial Statements F-6
ITEM 27a Schedule of Assets Held for Investment Purposes
as of March 30, 1999 F-12
ITEM 27d Schedule of Reportable Transactions for the
year ended March 30, 1999 F-13
(b) The exhibits filed in connection with this Annual Report
are as follows:
Exhibit Number Document
-------------- --------------
Exhibit 23(a) Consent of KPMG LLP
Exhibit 23(b) Consent of Ernst & Young LLP
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the members
of the Plan committee (who Administer the Computer Associates Savings Harvest
Plan) have duly caused this Annual Report to be signed by the Undersigned
thereunto duly authorized.
COMPUTER ASSOCIATES
SAVINGS HARVEST PLAN
Date: September 28, 1999 By: /s/ Ira Zar
----------------------
Ira Zar
Member, Plan Committee
<PAGE>
COMPUTER ASSOCIATES
SAVINGS HARVEST PLAN
Financial Statements and Schedules
March 30, 1999 and 1998
(With Independent Auditors' Report Thereon)
<PAGE>
<TABLE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
<CAPTION>
Table of Contents
Page
<S> <C>
Independent Auditors' Report 1
Financial Statements
Statement of Assets Available for Benefits as of March 30, 1999 3
Statement of Net Assets Available for Benefits as of March 30, 1998 4
Statement of Changes in Assets Available for Benefits for the year
ended March 30, 1999 5
Notes to Financial Statements 6
Schedules
1 - Line 27a--Schedule of Assets Held for Investment Purposes 12
2 - Line 27d--Schedule of Reportable Transactions 13
</TABLE>
<PAGE>
Report of Independent Auditors
Computer Associates Savings Harvest Plan Committee
Computer Associates Savings Harvest Plan:
We have audited the accompanying statement of assets available for benefits of
Computer Associates Savings Harvest Plan (the Plan) as of March 30, 1999, and
the related statement of changes in assets available for benefits for the year
then ended. These financial statements are the responsibility of the Plan's
management. Our responsibility is to express an opinion on these financial
statements based on our audit. The accompanying statement of net assets
available for benefits of Computer Associates Savings Harvest Plan as of March
30, 1998, was audited by other auditors whose report thereon dated August 27,
1998, expressed an unqualified opinion on this statement.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the assets available for benefits of the Plan as of March
30, 1999, and the changes in assets available for benefits for the year then
ended, in conformity with generally accepted accounting principles.
Our audit was performed for the purpose of forming an opinion on the basic 1999
financial statements taken as a whole. The accompanying supplemental schedules
of assets held for investment purposes as of March 30, 1999, and reportable
transactions for the year then ended, are presented for purposes of additional
analysis and are not a required part of the basic 1999 financial statements but
are supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplemental schedules are the responsibility of the
Plan's management. The fund information in the statement of assets available for
benefits and the statement of changes in assets available for benefits as of and
for the year ended March 30, 1999 is presented for purposes of additional
analysis rather than to present the assets available for benefits and changes in
assets available for benefits of each fund. The supplemental schedules and fund
information have been subjected to the auditing procedures applied in our audit
of the basic 1999 financial statements and, in our opinion, are fairly stated in
all material respects in relation to the basic 1999 financial statements taken
as a whole.
/s/ KPMG LLP
September 3, 1999
<PAGE>
Report of Independent Auditors
Administrative Committee
Computer Associates Savings Harvest Plan:
We have audited the accompanying statement of net assets available for benefits
of Computer Associates Savings Harvest Plan (the Plan) as of March 30, 1998.
This financial statement is the responsibility of the Plan's management. Our
responsibility is to express an opinion on this financial statement based on our
audit.
We conducted our audit 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 statement is free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statement. 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 audit provides a reasonable basis for our opinion.
In our opinion, the financial statement referred to above presents fairly, in
all material respects, the net assets available for benefits of the Plan at
March 30, 1998 in conformity with generally accepted accounting principles.
/s/ Ernst & Young LLP
August 27, 1998
<PAGE>
<TABLE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Statement of Assets Available for Benefits
(with fund information)
March 30, 1999
<CAPTION>
Participant-Directed
----------------------------------------------------------------------------------------------------------
U.S. Retirement Diversified
Inter- Equity Growth and Computer Money Inter- Participant
mediate Puritan Index Magellan Income Associates Market national Loans
Total Bond Fund Fund Portfolio Fund Portfolio Stock Fund Portfolio Fund Fund
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Investments,
at fair
value:
Fidelity
Investments
mutual
funds $501,558,559 $19,096,154 $49,324,144 $49,087,484 $61,002,611 $60,932,810 $210,607,377 $46,016,737 $5,491,242
Participant
loans
receivable 9,052,206 $9,052,206
-----------------------------------------------------------------------------------------------------------------------
Total
investments 510,610,765 19,096,154 49,324,144 49,087,484 61,002,611 60,932,810 210,607,377 46,016,737 5,491,242 9,052,206
Employer
contrib-
utions
receivable 19,647,269 19,647,269
Receivable
from other
plan 4,138,499 4,138,499
-----------------------------------------------------------------------------------------------------------------------
Total assets 534,396,533 19,096,154 49,324,144 49,087,484 61,002,611 60,932,810 230,254,646 50,155,236 5,491,242 9,052,206
-----------------------------------------------------------------------------------------------------------------------
Assets
available
for benefits $534,396,533 $19,096,154 $49,324,144 $49,087,484 $61,002,611 $60,932,810 $230,254,646 $50,155,236 $5,491,242 $9,052,206
=======================================================================================================================
<FN>
See accompanying notes to financial statements.
</TABLE>
<PAGE>
<TABLE>
Computer Associates Savings Harvest Plan
Statement of Net Assets Available for Benefits
(with fund information)
March 30, 1998
<CAPTION>
Participant-Directed
------------------------------------------------------------------------------------------------------------
U.S. Equity Growth and Computer Retirement Diversified Participant
Intermediate Puritan Index Magellan Income Associates Money Market International Loans
Total Bond Fund Fund Portfolio Fund Portfolio Stock Fund Portfolio Fund Fund
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Investments,
at fair
value:
Fidelity
Investments
mutual
funds $575,333,126 $18,990,952 $53,662,491 $44,142,965 $45,571,421 $56,558,178 $294,116,810 $57,398,828 $4,891,481
Participants
loans
receivable 9,138,599 $9,138,599
------------------------------------------------------------------------------------------------------------------------
Total
investments 584,471,725 18,990,952 53,662,491 44,142,965 45,571,421 56,558,178 294,116,810 57,398,828 4,891,481 9,138,599
Employer
contributions
receivable: 16,864,631 16,864,631
-----------------------------------------------------------------------------------------------------------------------
Total assets 601,336,356 18,990,952 53,662,491 44,142,965 45,571,421 56,558,178 310,981,441 57,398,828 4,891,481 9,138,599
-----------------------------------------------------------------------------------------------------------------------
Assets
available
for
benefits $601,336,356 $18,990,952 $53,662,491 $44,142,965 $45,571,421 $56,558,178 $310,981,441 $57,398,828 $4,891,481 $9,138,599
=======================================================================================================================
<FN>
See accompanying notes to financial statements.
</TABLE>
<PAGE>
<TABLE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Statement of Changes in Assets Available for Benefits
(with fund information)
Year ended March 30, 1999
<CAPTION>
Participant-Directed
----------------------------------------------------------------------------------------------------------
U.S. Retirement Diversified
Inter- Equity Growth and Computer Money Inter- Participant
mediate Puritan Index Magellan Income Associates Market national Loans
Total Bond Fund Fund Portfolio Fund Portfolio Stock Fund Portfolio Fund Fund
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Additions:
Contributions:
Employers $23,215,254 $ 238,735 $ 554,720 $ 604,120 $ 751,630 $ 894,318 $ 21,728,213 $(1,651,364) $ 94,882
Participants 34,360,798 1,080,484 2,415,085 3,472,214 4,176,081 5,189,238 10,217,566 7,109,706 700,424
Interest and
dividend
income 16,830,819 1,202,111 5,301,648 996,752 2,580,465 3,234,129 268,787 3,044,468 202,459
Net realized
and unrealized
appreciation
(depreciation)
in fair
value of
investments (87,015,925) (37,728) (794,609) 6,370,347 9,026,725 5,259,239 (106,872,100) 32,201
Transfer from
other plans 8,495,647 374,936 88,266 662,943 1,817,740 575,101 4,377,500 395,410 $ 203,751
-----------------------------------------------------------------------------------------------------------------------
Total
additions (4,113,407) 2,858,538 7,565,110 12,106,376 18,352,641 15,152,025 (74,657,534) 12,880,310 1,425,376 203,751
Deductions:
Benefit
payments (62,693,638) (2,789,263) (6,020,962) (6,954,547) (5,868,629) (7,206,540) (16,842,014)(16,011,480) (470,776) (529,427)
Administrative
expenses (132,778) (2,772) (4,306) (644) (1,041) (3,756) (4,294) (115,965)
-----------------------------------------------------------------------------------------------------------------------
Total
deductions (62,826,416) (2,792,035) (6,025,268) (6,955,191) (5,869,670) (7,210,296) (16,846,308)(16,127,445) (470,776) (529,427)
-----------------------------------------------------------------------------------------------------------------------
Increase
(decrease)
prior to
interfund
transfers,
net (66,939,823) 66,503 1,539,842 5,151,185 12,482,971 7,941,729 (91,503,842) (3,247,135) 954,600 (325,676)
Interfund
transfers,
net 38,699 (5,878,189) (206,666) 2,948,219 (3,567,097) 10,777,047 (3,996,457) (354,839) 239,283
-----------------------------------------------------------------------------------------------------------------------
Net additions
(deductions)(66,939,823) 105,202 (4,338,347) 4,944,519 15,431,190 4,374,632 (80,726,795) (7,243,592) 599,761 (86,393)
Assets
available
for benefits
at beginning
of year 601,336,356 18,990,952 53,662,491 44,142,965 45,571,421 56,558,178 310,981,441 57,398,828 4,891,481 9,138,599
-----------------------------------------------------------------------------------------------------------------------
Assets
available
for benefits
at end of
year $534,396,533 $19,096,154 $49,324,144 $49,087,484 $61,002,611 $60,932,810 $230,254,646 $50,155,236 $5,491,242 $9,052,206
========================================================================================================================
<FN>
See accompanying notes to financial statements.
</TABLE>
<PAGE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Notes to Financial Statements
March 30, 1999
(1) Description of the Plan
The following description of the Computer Associates Savings Harvest Plan
(the Plan) provides only general information. Participants should refer
to the plan document for a more complete description of the Plan's
provisions.
(a) General
The Plan is a defined contribution plan covering all eligible
salaried employees. Employees are eligible to participate in the
Plan with respect to employee contributions as of the first of the
month following date of hire. Eligibility with respect to employer
matching and discretionary contributions occurs in the month
following completion of one full year of service to Computer
Associates International, Inc. (the Company). The Plan is subject
to the provisions of the Employee Retirement Income Security Act
of 1974, as amended (ERISA).
The Plan is administered by the Computer Associates Savings
Harvest Plan Committee which consists of senior management of the
Company. The trustee of the Plan is Fidelity Investments.
As a result of acquisitions by the Company, the assets of the
Realogic, Inc. Savings Plan and Viewpoint Retirement Plan were
transferred into the Plan during the plan year ended March 30,
1999. The assets of LDA Systems, Inc. Retirement Savings Plan were
partially transferred into the Plan during the plan year ended
March 30, 1999 with the remaining assets being transferred into
the Plan in May 1999, which amount is classified as a receivable
on the accompanying statement of assets available for benefits as
of March 30, 1999.
(b) Participant Accounts
A separate account is established and maintained in the name of
each participant and reflects the participant's balance invested
therein. Such balance includes earnings and losses allocated to
the participant's accounts based upon the percentage investment of
the account balance to the total fund balances. Forfeited balances
of terminated participant's nonvested accounts may be used to
reduce future Company contributions and fund plan expenses.
(c) Contributions
Plan participants may elect to contribute a percentage of their
base compensation ranging from 2% to 15%. Each participant can
change this election at any time, but not more than once
quarterly.
<PAGE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Notes to Financial Statements
March 30, 1999
To comply with the applicable Internal Revenue Code provision,
pre-tax contributions elected by any participant may not exceed
$10,000 for the calendar years ended December 31, 1999 and 1998.
Participants may also contribute on an after-tax basis.
For eligible participants, the Company makes a matching
contribution to the Plan on behalf of each participant equal to
50% of such participant's contribution up to a maximum of 2.5% of
the participant's base compensation (contributions are subject to
certain IRS limitations). The matching contributions for the year
ended March 30, 1999 were $6,326,925 of which $2,758,940 was
funded from Plan forfeitures.
In addition to its matching contribution, the Company may
contribute to the Plan on behalf of eligible participants, a
discretionary contribution in an amount that the Board of
Directors of the Company may, in its sole discretion, determine.
The discretionary contribution for the year ended March 30, 1999
was $19,647,269, which will be paid in the form of 540,129 common
shares of the Company. The discretionary contribution is allocated
to each eligible participant who is an employee of the Company on
March 30th, generally in the same ratio that the participant's
base compensation for the plan year bears to the base compensation
of all participants for such plan year. In fiscal year 1997, the
Plan was amended to allow for the use of forfeitures for Company
discretionary contributions.
(d) Vesting
The matching and discretionary contributions made by the Company
vest as follows:
Percentage After years
of vesting of service
---------- -----------
0% Less than 3
20% 3
40% 4
60% 5
80% 6
100% 7
In addition, 100% vesting occurs upon death or total disability of
a participant, upon attainment of normal retirement age, or upon
termination of the Plan.
(e) Investment Options
The assets of the Plan are invested by Fidelity Investments in
eight separate funds:
<PAGE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Notes to Financial Statements
March 30, 1999
Fidelity Intermediate Bond Fund - invests in medium to
high-quality grade fixed-income obligations with intermediate
maturities.
Fidelity Puritan Fund - invests in a wide variety of securities of
U.S. and foreign issuers, including some emerging markets.
Fidelity Spartan U.S. Equity Index - invests primarily in the
common stock of the 500 companies that make up the Standard and
Poor's 500 index.
Fidelity Magellan Fund - invests in common stocks and securities
convertible to common stock of both U.S. and foreign issues.
Fidelity Growth and Income Portfolio - invests in U.S. and foreign
common stocks, securities convertible to common stock, preferred
stock and fixed income securities.
Computer Associates Stock Fund - invests in the common stock of
the Company and temporarily in short-term liquid investments such
as interest-bearing cash.
Fidelity Retirement Money Market Portfolio - invests in
high-quality money market securities of U.S. and foreign issues.
Fidelity Diversified International Fund - invests primarily in
stocks of companies located outside of the United States that are
included in the Morgan Stanley EAFE Index.
Participants may direct future contributions or transfer their
current investment balances between funds on a daily basis in
increments of 1%.
(f) Payment of Benefits
The Plan provides for benefit distributions to plan participants
or their beneficiaries upon the participant's retirement,
termination of employment or death. Any participant may apply to
withdraw all or part of his/her vested account balance subject to
specific hardship withdrawal provision criteria in the Plan and
the approval of the Computer Associates Savings Harvest Plan
Committee.
(g) Participant Loans Receivable
Any participant may take a loan from his/her account based upon
certain provisions of the Plan being met. Upon the death,
retirement or termination of employment of the participant, the
Plan may deduct the total unpaid balance or any portion thereof
from any payment or distribution to which the participant or his
beneficiaries may be entitled. Loans bear interest at market rates
and
<PAGE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Notes to Financial Statements
March 30, 1999
are fixed at the time of application for the loan. The rate at
March 30, 1999 was 8.75%. All loans are being repaid in equal
semi-monthly installments and extend from periods of one to five
years. Certain loans that were transferred from other plans had
terms in excess of five-years as they were for purchases of
principal residences. Loans outstanding as of March 31, 1999 bore
interest ranging from 7% - 11% and terms from one to twenty years.
Participant loan fees are borne by the participant and amounted to
$25,405 for plan year ended March 30, 1999.
(h) Administrative Expenses
To the extent that the costs of recordkeeping and administration
of the funds are not covered by plan forfeitures, they are borne
by the Company. Such costs for plan year ended March 30, 1999 were
$107,373 and were covered by plan forfeitures.
Certain Plan investments are shares of mutual funds managed by
Fidelity Investments. Fidelity Investments is the trustee as
defined by the Plan and, therefore, these transactions qualify as
party-in-interest. Fees paid by the Plan for the investment
management services amounted to $91,312 for the year ended
March 30, 1999.
(i) Plan Termination
Although it has not expressed any intent to do so, the Company has
the right under the Plan to discontinue its contributions at any
time and to terminate the Plan subject to the provisions of ERISA.
In the event of termination of the Plan, participants will become
100% vested in their accounts.
(2) Summary of Significant Accounting Policies
The accompanying financial statements of the Plan have been prepared in
accordance with generally accepted accounting principles. The more
significant accounting policies followed by the Plan are as follows:
(a) Basis of Presentation
The accompanying financial statements have been prepared on an
accrual method of accounting.
(b) Investments Valuation and Income Recognition
Investments in Fidelity funds and the Computer Associates Stock
Fund are stated at fair value based upon quoted prices in
published sources. Participant loans receivable are valued at face
value which approximates fair value.
<PAGE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Notes to Financial Statements
March 30, 1999
The realized net gain or loss on sale of investments is the
difference between the proceeds received and the average cost of
investments sold. The unrealized net gain or loss is the change in
the difference between the fair value and the cost of investments
for each year. Amounts are included in the statement of changes in
assets available for benefits.
Purchases and sales are recorded on a trade-date basis. Interest
income is recorded on the accrual basis and dividend income is
recorded on the ex-dividend date.
(c) Payments of Benefits
Benefits to participants or their beneficiaries are recorded when
paid.
(d) Use of Estimates
The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of
assets, liabilities, and changes therein, and disclosure of
contingent assets and liabilities. Actual results could differ
from those estimates.
(3) Income Tax Status
The Internal Revenue Service has determined and informed the Company by a
letter dated June 12, 1995, that the Plan and related trust are designed
in accordance with applicable sections of the Internal Revenue Code
(IRC). The Plan has been amended since receiving the determination
letter. However, the plan administrator believes that the Plan is
designed and is currently being operated in compliance with the
applicable requirements of the IRC.
(4) Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of assets available for benefits per
the financial statements to the Form 5500:
<TABLE>
<CAPTION>
March 30, 1999
--------------
<S> <C>
Assets available for benefits
per the financial statements $ 534,396,533
Less amounts allocated to
withdrawing participants 1,258,484
--------------
Assets available for benefits
per the Form 5500 $ 533,138,049
==============
</TABLE>
<PAGE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Notes to Financial Statements
March 30, 1999
The following is a reconciliation of benefits paid to participants per
the financial statements to the Form 5500:
<TABLE>
<CAPTION>
Year ended
March 30, 1999
--------------
<S> <C>
Benefits paid to participants
per the financial statements $ 62,693,638
Add amounts allocated to withdrawing
participants at March 30, 1999 1,258,484
Less amounts allocated to withdrawing
participants at March 30, 1998 5,715,610
--------------
Benefits paid to participants per
the Form 5500 $ 58,236,512
==============
</TABLE>
<PAGE>
<TABLE>
Schedule 1
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Line 27a - Schedule of Assets Held for Investment Purposes
March 30, 1999
<CAPTION>
Identity of issuer,
borrower, lessor or Current
similar party Description Cost value
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Fidelity Investments Fidelity Intermediate Bond Fund, $ 19,409,923 $ 19,096,154
1,879,543 units
Fidelity Investments Fidelity Puritan Fund, 42,469,300 49,324,144
2,444,209 units
Fidelity Investments Fidelity U.S. Equity Index Portfolio, 31,543,677 49,087,484
1,068,280 units
Fidelity Investments Fidelity Magellan Fund, 43,925,706 61,002,611
470,155 units
Fidelity Investments Fidelity Growth and Income Portfolio, 43,964,280 60,932,810
1,306,450 units
Fidelity Investments Fidelity Retirement Money Market Portfolio, 46,016,737 46,016,737
46,016,737 units
Computer Associates Computer Associates Stock Fund, 180,226,344 210,607,377
International, Inc. 4,202,901 units
Fidelity Investments Fidelity Diversified International Fund, 5,203,806 5,491,242
301,717 units
Plan participants Loans to participants with interest
rates ranging from 7% to 11%
and terms from 1 year to 20 years 9,052,206 9,052,206
------------ ------------
Total $421,811,979 $510,610,765
============ ============
</TABLE>
<PAGE>
<TABLE>
COMPUTER ASSOCIATES SAVINGS HARVEST PLAN
Line 27d - Schedule of Reportable Transactions
Year ended March 30, 1999
Schedule 2
<CAPTION>
Expense Current
incurred value of
Number Number with asset on Net
Identity of Description of Purchase of Selling Lease trans- Cost of transaction gain or
party involved of asset purchases price sales price rental action asset date (loss)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Series of transactions:
Computer Associates
International, Inc. Computer Associates
Stock Fund 252 $340,275,022 $- $- $340,275,022 $340,275,022
Computer Associates
International, Inc. Computer Associates
Stock Fund 252 $316,910,680 - - 294,010,930 316,910,680 $22,899,750
Fidelity Investments Puritan Fund 246 16,643,493 - - 16,643,493 16,643,493
Fidelity Investments Puritan Fund 220 20,187,230 - - 17,947,682 20,187,230 2,239,548
Fidelity Investments Magellan Fund 252 45,091,279 - - 45,091,279 45,091,279
Fidelity Investments Magellan Fund 238 38,686,814 - - 36,392,113 38,686,814 2,294,701
Fidelity Investments Growth and Income
Portfolio 251 35,597,711 - - 35,597,711 35,597,711
Fidelity Investments Growth and Income
Portfolio 234 36,482,318 - - 32,594,268 36,482,318 3,888,050
Fidelity Investments Intermediate
Bond Fund 240 23,767,132 - - 23,767,132 23,767,132
Fidelity Investments Intermediate
Bond Fund 210 23,624,202 - - 23,666,921 23,624,202 (42,719)
Fidelity Investments Retirement Money
Market Portfolio 256 279,579,199 - - 279,579,199 279,579,199
Fidelity Investments Retirement Money
Market Portfolio 253 290,961,290 - - 290,961,290 290,961,290
Fidelity Investments U.S. Equity Index
Portfolio 251 41,410,926 - - 41,410,926 41,410,926
Fidelity Investments U.S. Equity Index
Portfolio 246 42,836,754 - - 38,347,925 42,836,754 4,488,829
</TABLE>
Consent of Independent Auditors
Administrative Committee
Computer Associates Savings Harvest Plan:
We consent to the incorporation by reference in the Registration Statements
(No. 33-20797, as amended, and No.333-04801) on Form S-8 of Computer Associates
Savings Harvest Plan of Computer Associates International, Inc. of our report
dated September 3, 1999, relating to the statement of assets available for
benefits as of March 30, 1999 and the related statement of changes in assets
available for benefits for the year then ended, and the related schedules
of Computer Associates Savings Harvest Plan, which report appears in the Form
11-K for the year ended March 30, 1999.
/s/ KPMG LLP
Melville, New York
September 24, 1999
Consent of Independent Auditors
We consent to the incorporation by reference in the Registration Statements
(Form S-8 No. 33-20797, as amended, and Form S-8 No.333-04801) pertaining to the
Computer Associates Savings Harvest Plan of Computer Associates International,
Inc. and in the related Prospectus of our report dated August 27, 1998, with
respect to the statement of net assets available for benefits of the Computer
Associates Savings Harvest Plan as of March 30, 1998 included in its Annual
Report (Form 11-K) for the year ended March 30, 1999.
/s/ Ernst & Young LLP
New York, New York
September 28, 1999
