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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) [X]
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BNY WESTERN TRUST COMPANY
(Exact name of trustee as specified in its charter)
California 95-3571558
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
700 South Flower Street
Los Angeles, California 90017
(Address of principal executive offices) (Zip code)
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HILTON HOTELS CORPORATION
(Exact name of obligor as specified in its charter)
California 36-2058176
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
9336 Civic Center Drive
Beverly Hills, California 90210
(Address of principal executive offices) (Zip code)
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% Senior Notes due 2007
(Title of the indenture securities)
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1. GENERAL INFORMATION.
(a) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO WHICH
IT IS SUBJECT.
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Name Address
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Federal Deposit Insurance Corporation 25 Ecker Street
San Francisco, California 94105
State Banking Department 111 Pine Street, Suite 1100
San Francisco, California 94111
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
None.
16. LIST OF EXHIBITS.
1.1 Articles of Incorporation of Security Trust Company, as filed in the
office of the Secretary of State of the State of California on
November 13, 1980 and filed in the office of the Superintendent of
Banks, State of California on November 17, 1980; incorporated herein
by reference as Exhibit 1.1 filed with Form T-1 Statement,
Registration No. 33-56465.
1.2 Certificate of Amendment of Articles of Incorporation (changing the
name of the Trustee from Security Trust Company to Bradford Trust
Company of California), as filed in the office of the Secretary of
State of the State of California on January 7, 1985; incorporated
herein by reference as Exhibit 1.2 filed with Form T-1 Statement,
Registration No. 33-56465.
1.3 Certificate of Amendment of Articles of Incorporation (changing the
name of the Trustee from Bradford Trust Company of California to
FIDATA Trust Company California) as filed in the office of the
Secretary of State of the State of California on April 11, 1985;
incorporated herein by reference as Exhibit 1.3 filed with Form T-1
Statement, Registration No. 33-56465.
1.4 Certificate of Amendment of Articles of Incorporation (changing the
name of the Trustee from FIDATA Trust Company California to Wall
Street Trust Company California), as filed in the office of the
Secretary of State of the State of California on February 5, 1986;
incorporated herein by reference as Exhibit 1.4 filed with Form T-1
Statement, Registration No. 33-56465.
1.5 Certificate of Amendment of Articles of Incorporation (changing the
name of the Trustee from Wall Street Trust Company California to The
Bank of New York Trust Company of California), as filed in the office
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of the Secretary of State of the State of California on
April 15, 1988; incorporated herein by reference as Exhibit 1.5
filed with Form T-1 Statement, Registration No. 33-56465.
3. Copy of Certificate of the State Banking Department, State of
California, dated January 24, 1994, authorizing the Trustee to
transact a commercial banking business and to engage in the trust
business at 700 South Flower Street, Los Angeles, California;
incorporated herein by reference as Exhibit 3 filed with Form T-1
Statement, Registration No. 33-56465.
4. Copy of By-Laws of the Trustee; incorporated herein by reference as
Exhibit 4 filed with Form T-1 Statement, Registration No. 33-56465.
6. Consent of the Trustee required by Section 321(b) of the Act;
incorporated herein by reference as Exhibit 6 filed with Form T-1
Statement, Registration No. 33-56465.
7. Copy of latest report of condition of the Trustee published pursuant
to law or to the requirements of its supervising or examining
authority.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, BNY Western Trust
Company, a corporation organized and existing under the laws of the State of
California, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in The City of Los
Angeles, and State of California, on the 31st day of March, 1997.
BNY WESTERN TRUST COMPANY
By: /S/WILLIAM F. CHAMBERS
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Name: WILLIAM F. CHAMBERS
Title: ASSISTANT VICE PRESIDENT
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R E P O R T O F C O N D I T I O N
Consolidating domestic subsidiaries of the BNY WESTERN TRUST COMPANY of LOS
ANGELES in the state of California, at the close of business on December 31,
1996.
ASSETS
Thousands of Dollars
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin............ 4,924
Interest-bearing balances..................................... 26,767
Hold-to-maturity securities..................................... 2,223
Available-for-sale securities................................... 0
Federal funds sold.............................................. 4,000
Securities purchased under agreements to resell................. 20,000
Loans and lease financing receivables:
Loans and leases, net of unearned income...................... 0
LESS: Allowance for loan and lease losses..................... 0
LESS: Allocated transfer risk reserve......................... 0
Loans and losses, net of unearned income, allowance, and
reserve............................................. 0
Trading assets.................................................. 0
Premises and fixed assets (including capitalized leases)........ 606
Other real estate owned......................................... 0
Investments in unconsolidated subsidiaries and associated
companies..................................................... 0
Customers' liability to this bank on acceptances outstanding.... 0
Intangible assets............................................... 134,082
Other assets.................................................... 8,667
Total assets.................................................... 201,269
Losses deferred pursuant to 12 U.S.C. 1823(j)................... 0
Total assets and losses deferred pursuant to 12 U.S.C. 1823(j) 201,269
LIABILITIES
Deposits:
In domestic offices........................................... 33,961
Noninterest-bearing........................................ 3,555
Interest-bearing........................................... 406
Federal funds purchased......................................... 0
Securities sold under agreements to repurchase.................. 0
Demand notes issued to the U.S. Treasury........................ 0
Trading liabilities............................................. 0
Other borrowed money:
With a remaining maturity of one year or less................. 0
With a remaining maturity of more than one year............... 0
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Mortgage indebtedness and obligations under capitalizes leases. 0
Bank's liability on acceptances executed and outstanding........ 0
Subordinated notes and debentures............................... 0
Other liabilities............................................... 1,976
Total liabilities............................................... 35,937
Limited-life preferred stock and related surplus................ 0
EQUITY CAPITAL
Perpetual preferred stock and related surplus................... 0
Common stock.................................................... 1,000
Surplus......................................................... 157,574
Undivided profits and capital reserves.......................... 6,758
Net unrealized holding gains (losses) on available-for-sale
securities.................................................... 0
Total equity capital............................................ 165,332
Losses deferred pursuant to 12 U.S.C. 1823(j)................... 0
Total equity capital and losses deferred pursuant to 12 U.S.C...
1823(j)....................................................... 165,332
Total liabilities, limited-life preferred stock, equity capital
and losses deferred pursuant to 12 U.S.C. 1823(j)............. 201,269
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