SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
__X__ EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the fiscal year ended December 31, 1999
OR
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
_____ EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
Commission file number 1-3950
PRIMUS AUTOMOTIVE FINANCIAL SERVICES, INC. PRIME ACCOUNT
(Full title of the plan)
FORD MOTOR COMPANY
One American Road
Dearborn, Michigan 48126
(Name of issuer of the securities held
pursuant to the plan and the address of
its principal executive office)
<PAGE>
Required Information
--------------------
Financial Statements
--------------------
Statement of Net Assets Available for Plan Benefits as of June 1, 1999 and
December 31, 1998.
Statement of Changes in Net Assets Available for Plan Benefits for the Five
Months Ended Year Ended June 1, 1999.
Schedule I - Schedule of Assets Held for Investment Purposes as of
June 1, 1999.
Schedule II - Reportable Transactions for the Five Months Ended
June 1, 1999.
Exhibit
-------
Designation Description Method of Filing
----------- ----------- ----------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP Filed with this Report.
Signature
---------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Primus Automotive Financial Services, Inc. Prime Account Committee has duly
caused this Annual Report to be signed by the undersigned thereunto duly
authorized.
PRIMUS AUTOMOTIVE FINANCIAL SERVICES, INC.
PRIME ACCOUNT COMMITTEE
By: /s/Thomas E. Hoppes
--------------------------------
Thomas E. Hoppes, Chairman
Primus Automotive Financial Services, Inc.
Prime Account Committee
June 28, 2000
<PAGE>
EXHIBIT INDEX
-------------
Sequential
Page Number
Designation Description at Which Found
----------- ----------- --------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP
<PAGE>
PRIMUS Automotive
Financial Services, Inc. Prime
Account 401(k) Tax-Deferred
Savings Plan
Report on Audits of Financial Statements and
Supplemental Schedules
For the Five Months Ended June 1, 1999 and the
Year Ended December 31, 1998
<PAGE>
PRIMUS Automotive Financial Services, Inc. Prime Account 401(k)
Tax-Deferred Savings Plan
Contents
-------------------------------------------------------------------------------
Page(s)
Report of Independent Accountants.............................................1
Financial Statements
Statements of Net Assets Available for Plan Benefits as
of June 1, 1999 and December 31, 1998........................................2
Statement of Changes in Net Assets Available for Plan Benefits
for the Five Months Ended June 1, 1999.....................................3-5
Notes to Financial Statements..............................................6-10
Supplemental Schedules
Item 27a - Schedule of Assets Held for Investment Purposes
as of June 1, 1999..........................................................11
Item 27d - Schedule of Reportable Transactions for the Five
Months Ended June 1, 1999...................................................12
<PAGE>
Report of Independent Accountants
To the Boards of Directors of
Ford Motor Company and
PRIMUS Automotive Financial Services, Inc.
In our opinion, the accompanying statements of net assets available for
plan benefits and the related statement of changes in net assets available for
plan benefits present fairly, in all material respects, the net assets available
for plan benefits of the PRIMUS Prime Account 401(k) Tax-Deferred Savings Plan
as of June 1, 1999 and December 31, 1998, and the changes in net assets
available for plan benefits for the five months ended June 1, 1999, in
conformity with accounting principles generally accepted in the United States.
These financial statements are the responsibility of the Plan's management; our
responsibility is to express an opinion on these financial statements based on
our audits. We conducted our audits of these statements in accordance with
auditing standards generally accepted in the United States, 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 management, and evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for the opinion expressed above.
Our audits were conducted for the purpose of forming an opinion on the
basic financial statements taken as a whole. The additional information included
in the Schedule of Assets Held for Investment Purposes and the Schedule of
Reportable Transactions of the PRIMUS Prime Account 401(k) Tax-Deferred Savings
Plan as of June 1, 1999 are presented for purposes of additional analysis and
are not a required part of the basic financial statements, but is additional
information required by the Employee Retirement Income Security Act of 1974
("ERISA"). These supplemental schedules and fund information have been subjected
to the auditing procedures applied in the audit 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.
As explained in footnote 5 of the financial statements, on June 1, 1999,
the Plan was merged into the Ford Savings and Stock Investment Plan for Salaried
Employees ("SSIP"). At that time, the Plan assets were transferred to the SSIP,
and the employees of the Company became employees of Ford Motor Credit Company,
a subsidiary of Ford, and began participating in the SSIP subject to its terms.
June 16, 2000
1
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Statements of Net Assets Available for Plan Benefits
As of June 1, 1999 and December 31, 1998
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
June 1, December 31,
1999 1998
<S> <C> <C>
Assets
Investments, at fair value $ - $ 24,419,506
Participant loans receivable - 1,031,978
--------- ------------
Net assets available for plan benefits $ - $ 25,451,484
--------- ------------
</TABLE>
The accompanying notes are an integral part of the financial statements.
2
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Statement of Changes in Net Assets Available for Plan Benefits
For the Five Months Ended June 1, 1999
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Participant-directed
-----------------------------------------------------------------------------------------------
Retirement
Government Growth U.S.
Ford Money Intermediate and Equity
Stock Market Bond Income Puritan Index
Fund Portfolio Fund Portfolio Fund Portfolio Subtotal
<S> <C> <C> <C> <C> <C> <C> <C>
Additions
Employee contributions $ 259,142 $ 80,125 $ 44,339 $ 159,843 $ 39,100 $ 145,367 $ 727,916
Employer contributions 133,349 (172,261) 22,777 84,055 20,991 74,228 163,139
Rollover contributions 63,903 9,252 1,069 38,925 16,009 16,777 145,935
Interest and dividend income 58,444 33,850 25,464 3,519 3,662 - 124,939
Net appreciation (depreciation)
in fair value of investments (123,749) - (27,812) 25,942 3,473 295,433 173,287
Loans, interest repayments 7,678 1,869 800 2,711 489 3,391 16,938
Loans, principal repayments 35,674 10,382 6,480 15,617 2,486 16,032 86,671
Exchanges in (out) 994,901 (268,854) (359,588) (7,936) (21,371) (228,709) 108,443
Total additions 1,429,342 (305,637) (286,471) 322,676 64,839 322,519 1,547,268
Deductions
Distributions 76,190 17,977 24,330 66,324 16,032 94,933 295,786
Loans to participants 72,156 16,981 8,091 24,711 7,738 44,571 174,248
Forfeitures 6,564 (50,466) 1,311 10,500 1,699 2,727 (27,665)
Transfers out 4,501,401 1,670,789 964,616 1,915,728 473,917 4,798,639 14,325,090
Total deductions 4,656,311 1,655,281 998,348 2,017,263 499,386 4,940,870 14,767,459
Net deductions (3,226,969) (1,960,918) (1,284,819) (1,694,587) (434,547) (4,618,351) (13,220,191)
Net assets available for plan
benefits, beginning of year 3,226,969 1,960,918 1,284,819 1,694,587 434,547 4,618,351 13,220,191
Net assets available for plan
benefits, June 1, 1999 $ - $ - $ - $ - $ - $ - $ -
</TABLE>
The accompanying notes are an integral part of the financial
statements.
3
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Statement of Changes in Net Assets Available for Plan Benefits (continued)
For the Five Months Ended June 1, 1999
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Participant-Directed
-----------------------------------------------------------------------------------------------
Blue Chip Growth International
Growth Company Magellan OTC Growth and
Fund Contrafund Fund Fund Portfolio Income Fund Subtotal
<S> <C> <C> <C> <C> <C> <C> <C>
Additions
Employee contributions $ 169,573 $ 115,550 $ 88,084 $ 254,542 $ 65,155 $ 19,578 $ 712,482
Employer contributions 89,858 57,761 44,191 139,462 32,824 9,878 373,974
Rollover contributions 58,749 33,001 11,950 116,911 1,639 7,846 230,096
Interest and dividend income - 14,047 10,142 300,914 - - 325,103
Net appreciation (depreciation)
in fair value of investments 45,306 67,417 97,855 13,996 117,536 4,204 346,314
Loans, interest repayments 3,378 1,979 1,296 8,451 1,990 329 17,423
Loans, principal repayments 18,972 11,118 5,851 44,046 13,603 2,281 95,871
Exchanges in (out) (35,008) 8,067 19,814 81,562 (93,061) (30,874) (49,500)
Total additions 350,828 308,940 279,183 959,884 139,686 13,242 2,051,763
Deductions
Distributions 39,252 37,917 31,661 110,863 15,089 4,053 238,835
Loans to participants 31,869 17,520 14,639 76,991 9,382 4,239 154,640
Forfeitures 6,532 4,675 2,363 7,609 2,024 382 23,585
Transfers out 2,147,063 1,701,369 1,414,473 5,398,979 1,088,187 192,129 11,942,200
Total deductions 2,224,716 1,761,481 1,463,136 5,594,442 1,114,682 200,803 12,359,260
Net deductions (1,873,888) (1,452,541) (1,183,953) (4,634,558) (974,996) (187,561) (10,307,497)
Net assets available for plan
benefits, beginning of year 1,873,888 1,452,541 1,183,953 4,634,558 974,996 187,561 10,307,497
Net assets available for
plan benefits, June 1, 1999 $ - $ - $ - $ - $ - $ - $ -
</TABLE>
The accompanying notes are an integral part of the financial
statements.
4
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Statement of Changes in Net Assets Available for Plan Benefits (continued)
For the Five Months Ended June 1, 1999
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Participant-Directed
-----------------------------------------------------------------------------------------------
Asset Asset Cash/
Overseas Asset Manager Manager Loan
Fund Manager Growth Income Fund Subtotal Total
<S> <C> <C> <C> <C> <C> <C> <C>
Additions
Employee contributions $ 28,736 $ 19,624 $ 27,038 $ 7,628 $ - $ 83,026 $1,523,424
Employer contributions 13,732 11,152 14,056 5,751 44,691 581,804
Rollover contributions 10,108 24,532 8,385 - 43,025 419,056
Interest and dividend income - 1,815 - 1,481 3,296 453,338
Net appreciation (depreciation)
in fair value of investments 9,286 2,449 8,096 (345) 19,486 539,087
Loans, interest repayments 444 324 1,346 338 2,452 36,813
Loans, principal repayments 2,751 3,727 3,590 2,098 (194,706) (182,540) 2
Exchanges in (out) (14,958) (17,144) (24,694) (2,146) - (58,942) 1
Total additions 50,099 46,479 37,817 14,805 (194,706) (45,506) 3,553,525
Deductions
Distributions 4,841 7,886 13,774 4,218 8,816 39,535 574,156
Loans to participants 7,186 2,580 3,783 395 (342,832) (328,888) -
Forfeitures 841 728 1,935 575 - 4,079 (1)
Transfers out 388,689 245,738 261,474 96,375 1,171,288 2,163,564 28,430,854
Total deductions 401,557 256,932 280,966 101,563 837,272 1,878,290 29,005,009
Net deductions (351,458) (210,453) (243,149) (86,758) (1,031,978) (1,923,796) (25,451,484)
Net assets available for plan
benefits, beginning of year 351,458 210,453 243,149 86,758 1,031,978 1,923,796 25,451,484
Net assets available for
plan benefits, June 1, 1999 $ - $ - $ - $ - $ - $ - $ -
</TABLE>
The accompanying notes are an integral part of the financial
statements.
5
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan
The Plan became effective April 1, 1992.
The following description of the PRIMUS Automotive Financial Services, Inc.
(the "Company") Prime Account 401(k) Tax-Deferred Savings Plan (the "Plan")
provides only general information. Participants should refer to the plan
agreement for a more comprehensive description of the Plan's provisions.
General
The Plan is a defined contribution plan established to encourage and
facilitate systematic savings and investment by eligible employees and to
provide them with an opportunity to become stockholders of Ford Motor
Company ("Ford"). It is subject to the provisions of the Employee
Retirement Income Security Act of 1974 ("ERISA"). All full-time employees
who are at least 21 years of age are eligible to participate in the
discretionary portion of the Plan. Participation in the Plan is voluntary.
Contributions
Under the Plan and subject to limits required to be imposed by the Internal
Revenue Code, participants may elect to contribute up to 11% of their
pre-tax earnings, not to exceed 25% of annual earnings including overtime
and bonuses. The Company, at its discretion, may match at the rate of 100%
of the first 2% and 50% of the next 4% of the participants' pre-tax
contributions.
Participant accounts
Each participant's account is credited with the participant's contribution
and allocations of the Company's contribution and Plan earnings. Plan
administrative expenses are paid primarily by the Company. Allocations are
based on the participant's earnings or account balances, as defined.
Forfeited balances of terminated participants' nonvested accounts are used
to reduce future Company contributions. The benefit to which a participant
is entitled is the benefit that can be provided from the participant's
vested account.
Vesting
Participants are vested in their contributions plus actual earnings
thereon. Vesting in the Company's matching and discretionary contribution
portion of their account plus actual earnings thereon is based on
continuous service. The Company's matching contributions are vested 20%,
50% and 100% for one, two and three years of service, respectively. A
participant becomes fully vested in Company matching contributions
automatically upon retirement due to disability, upon death or upon
termination of the Plan.
Investment options
Participant contributions are invested in accordance with the participant's
election in any of sixteen investment funds. These investment options as of
June 1, 1999 are as follows:
Ford Stock Fund - The Fund consists of shares of the common stock, $1.00
par value, of Ford and a portion in short-term investments. The value of
the fund primarily rises or falls depending upon the stock's performance in
the market. Ford stock is subject to economic factors, the stock market in
general and factors affecting Ford in particular.
6
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
Fidelity Retirement Government Money Market Portfolio - A money market
mutual fund with a goal to preserve capital, maintain price and provide
current income.
Fidelity Intermediate Bond Fund - This is an income mutual fund with a goal
to provide high current income. It invests in U. S. and foreign bonds.
Select bonds are considered medium to high quality with an average maturity
of 3-10 years.
Fidelity Growth and Income Portfolio - This fund is a growth and income
mutual fund with a goal to provide a high total return from a combination
of current income and capital growth. It invests primarily in U. S. and
foreign stocks that pay current dividends and show potential earnings
growth. It may also invest in some bonds.
Fidelity Puritan Fund - This fund is a growth and income mutual fund with a
goal to provide income while preserving investment. It invests in a wide
variety of U. S. and foreign securities. It includes all types of bonds of
any quality as well as common and preferred stock.
Fidelity U. S. Equity Index Portfolio - This fund is a growth and income
mutual fund with a goal to duplicate the composition and return of the
Standard and Poor's composite index of 500 stocks. It invests primarily in
the 500 companies that make up the S&P 500.
Fidelity Blue Chip Growth Fund - This fund is a growth mutual fund with a
goal to increase the value of the investment over the long-term through
capital growth. It invests primarily in common stocks of well-known,
established companies.
Fidelity Contrafund - This fund is a growth mutual fund with a goal to
increase the value of investment over the long-term through capital growth.
It invests primarily in equity securities of companies whose value is not
fully recognized by the public.
Fidelity Growth Company Fund - This fund is a growth mutual fund with a
goal to increase the value of the investment over the long term through
capital growth. It invests primarily in stocks of companies with earnings
or gross sales that indicate the potential for above average growth.
Fidelity Magellan Fund - This fund is a growth mutual fund with a goal to
increase the value of investment over the long-term through capital growth.
It invests primarily in common stocks of small, medium and large foreign
and U. S. companies with investments that are broadly diversified across
many different kinds of companies and industries.
Fidelity OTC Portfolio - This fund is a growth mutual fund with a goal to
increase the value of the investment over the long term through capital
appreciation. It invests primarily in stocks traded in the
"over-the-counter" ("OTC") market, but may also include preferred stocks,
debt securities, and other types of investments.
7
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
Fidelity International Growth and Income Fund - This fund is a growth and
income mutual fund that invests internationally with a goal to increase the
value of investment over the long term through capital growth while also
providing current income. It invests primarily in stocks that the fund
manager feels have growth possibilities. It will keep at least 25% of
assets invested in bonds for income. Investments may be made in assets in
one country but will generally be spread in investments across at least six
different countries.
Fidelity Overseas Fund - This fund is a growth mutual fund that invests
internationally with a goal to increase the value of the investment over
the long term through capital growth. It invests primarily in stocks and
bonds of companies whose principal business activities are outside the U.S.
Fidelity Asset Manager - This fund is an asset allocation mutual fund with
a goal to provide high total return with reduced risk over the long term.
It invests in stocks, bonds and short-term instruments of U. S. and foreign
issuers including those in emerging markets. The manager of this fund may
gradually shift assets from one type to another based on the current
outlook of the various markets.
Fidelity Asset Manager Growth - This fund is an asset allocation mutual
fund with a goal to provide high total return. It invests in stocks, bonds
and short term instruments of U. S. and foreign issuers. The manager of
this fund may gradually shift assets from one type to another based on the
current outlook of the various markets.
Fidelity Asset Manager Income - This fund is an asset allocation mutual
fund with a goal to provide high current income. It invests in stocks,
bonds and short term instruments of U. S. and foreign issuers. The manager
of the fund may gradually shift assets from one type to another based on
the current outlook of the various markets.
Participant loans Participants may borrow from their fund accounts a
minimum of $1,000 and to a maximum of $50,000. Loan interest rates are set
monthly but will not change during the term of the loan. Loan transactions
are treated as a transfer to/from the investment fund from/to the Cash/Loan
fund. The interest rate will be the prime rate as quoted in The Wall Street
Journal.
Payment of benefits
Benefits are payable upon termination or upon normal retirement at age 65
in a cash lump-sum payment.
2. Summary of Significant Accounting Policies
Basis of accounting
The financial statements of the Plan are prepared under the accrual method
of accounting.
Investments
The Plan allows its participants to direct their share of contributions and
earnings to sixteen different investment mediums, which are held by
Fidelity Investments and are stated at fair value as of June 1, 1999, as
determined by quoted market prices.
8
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Notes to Financial Statements
-------------------------------------------------------------------------------
2. Summary of Significant Accounting Policies (continued)
Investments (continued)
Purchases and sales of securities are recorded on a trade-date basis. Gains
and losses on sales of securities are based on average cost. Dividend
income is recorded on the ex-dividend date and interest income is recorded
on the accrual basis. The Plan presents in the statements of changes in net
assets available for plan benefits the net appreciation (depreciation) in
the fair value of its investments which consist of the realized gains or
losses and the unrealized appreciation (depreciation) on those investments.
Payment of benefits
Benefits are recorded when paid.
Contributions
Contributions from employees and the Company are recorded in the period
that payroll deductions are made from Plan participants.
Use of estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those
estimates.
Risks and uncertainties
The Plan provides for various investment options in any combination of
either equity or fixed income investment securities. Investment securities
are exposed to various risks, such as interest rate, market and credit. Due
to the level of risk associated with certain investment securities and the
level of uncertainty related to changes in the value of investment
securities, it is at least reasonably possible that changes in risks in the
near term would materially affect participants' account balances and the
amounts reported in the statement of net assets available for benefits and
the statement of changes in net assets available for benefits.
3. Transactions with Parties-in-Interest
Certain administrative expenses pertaining to the operation of the Plan are
paid by the Company. In addition, various administrative, legal and
accounting services are performed on behalf of the Plan, and no charges are
made to the Plan for these services. Purchases and sales of Ford stock are
routinely made by the Plan trustee in accordance with the provisions of the
Plan or at the request of certain participants.
4. Tax Status
The Internal Revenue Service has determined and informed the Company by a
letter dated November 20, 1995, that the Plan is in accordance with the
applicable sections of the Internal Revenue Code. The Plan has been amended
since receiving the determination letter. However, the Plan administrator
believes the Plan is designed and is currently being operated in compliance
with the applicable requirements of the Internal Revenue Code. Therefore,
no provision for income taxes has been included in the Plan's financial
statements.
9
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Notes to Financial Statements
-------------------------------------------------------------------------------
5. Plan Merger
The Plan was merged into the Ford Savings and Stock Investment Plan for
Salaried Employees ("SSIP") on June 1, 1999. At that time, the Plan assets
were transferred to the SSIP, and the employees of the Company became
employees of Ford Motor Credit Company, a subsidiary of Ford, and began
participating in the SSIP subject to the terms of the SSIP. The existing
SSIP, investment options, participant account balances, and vesting were
unchanged with the Plan merger.
6. Subsequent Events
During April 2000, the Board of Directors of Ford approved the Value
Enhancement Plan. This plan allows Ford shareholders to exchange their
current Ford common and Class B shares for new Ford common and Class B
shares. In addition, shareholders will have the right to receive either $20
cash per share or the equivalent value in new Ford common shares or a
combination of cash and new Ford shares. The total cash distribution will
be limited to $10 billion. This action is subject to review by the
Securities and Exchange Commission and shareholder approval. This plan is
expected to be completed during the summer of 2000.
In addition, during April 2000, the Board of Directors of Ford also
approved an independence plan for Visteon Corporation whereby Ford will
distribute its 100% interest in Visteon to Ford common and Class B
shareholders. Shareholders will receive a distribution of Visteon stock on
June 28, 2000 based on the number of Ford shares they own and the total
number of Ford shares outstanding on June 12, 2000. The Board of Directors
of Ford also declared a dividend in cash on shares of Ford's stock held in
certain employee savings plans. This cash distribution will be equal, on a
per share basis, to the value of the Visteon stock to be distributed to
other shareholders.
10
<PAGE>
PRIMUS Automotive Financial Services, Inc.
Prime Account 401(k) Tax-Deferred Savings Plan
Item 27a - Schedule of Assets Held for Investment Purposes
as of June 1, 1999
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
(a) (b) (c) (d) (e)
Identity of issuer Description of investment including maturity
borrower, lessor date, rate of interest, collateral, par Current
or similar party or maturity value Cost value
<S> <C> <C> <C> <C>
* Ford Motor Company Ford Motor Company Common Stock, 0 units ^ $ -
at $18.17
* Fidelity Retirement Government Money Market Portfolio,
0 units at $1.00 ^ -
* Fidelity Intermediate Bond Fund, 0 units at $9.97 ^ -
* Fidelity Growth and Income Portfolio, 0 units at $46.43 ^ -
* Fidelity Puritan Fund, 0 units at $20.22 ^ -
* Fidelity U.S. Equity Index Portfolio, 0 units at $36.82 ^ -
* Fidelity Blue Chip Growth Fund, 0 units at $51.26 ^ -
* Fidelity Contrafund, 0 units at $59.45 ^ -
* Fidelity Growth Company Fund, 0 units at $54.90 ^ -
* Fidelity Magellan Fund, 0 units at $121.07 ^ -
* Fidelity OTC Portfolio, 0 units at $48.30 ^ -
* Fidelity International Growth and Income Fund, 0 units
at $21.62 ^ -
* Fidelity Overseas Fund, 0 units at $37.24 ^ -
* Fidelity Asset Manager, 0 units at $17.58 ^ -
* Fidelity Asset Manager Growth, 0 units at $19.14 ^ -
* Fidelity Asset Manager Income, 0 units $12.23 ^ -
Participant loans Remaining maturity dates range from 1 month to 10 years,
interest rates range from 6-9% ^ -
------------
$ -
------------
</TABLE>
11
<PAGE>
PRIMUS Automotive Financial Services, Inc. Prime Account
401(k) Tax-Deferred Savings Plan
Item 27d - Schedule of Reportable Transactions
For the Five Months Ended June 1, 1999
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
(a) (b) (c) (d) (e) (f) (g) (h) (I)
Expenses Current value
Identity of Purchase Selling Lease incurred with Cost of asset on Net gain
party involved Description of asset price price rental transaction* of asset transaction date or(loss)
<S> <C> <C> <C> <C>
Reporting
Criterion I Any single transaction in excess of 5% of
current value of plan assets.
None
Reporting
Criterion II Any series of transactions in other than
securities in excess of 5% of the
current value of plan assets.
None
Reporting
Criterion III Any series of transactions in securities
in excess of 5% of current value of plan
assets.
None
Reporting
Criterion IV Any transaction within the plan year
with respect to securities with or in
conjunction with a person with whom
any prior or subsequent single 5%
security transactions within the plan
year took place.
None.
</TABLE>
Note A - Transactions already reported under Criterion I are not reported here.
*Information regarding expenses incurred with each transaction was not available
from the Trustee.
12
<PAGE>
