ICA
THE INVESTMENT COMPANY OF AMERICA
For the nine months ended September 30, 1995
Quarterly Report
[The American Funds Group(R)]
FELLOW SHAREHOLDERS:
We are pleased to enclose information regarding The Investment Company of
America's year-end dividend and capital gain distribution. ICA is again paying
a 12-cent quarterly dividend, plus a special dividend of 2 cents a share from
income. We are making a year-end capital gain distribution of 91 cents a
share, including approximately 5 cents of short-term capital gain. In late
January we will send you a 1099-DIV tax form detailing the exact dollar amounts
you must report to the IRS.
PORTFOLIO SUMMARY - SEPTEMBER 30, 1995
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INVESTMENT MIX PERCENT OF NET ASSETS
Stocks 81.37%
U.S. Treasury Notes and Bonds 8.35
Cash and Equivalents 10.28
Total 100.00%
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FIVE LARGEST INDUSTRY HOLDINGS IN EQUITIES Number of Companies Percent of Net Assets
Banking 22 8.91%
Telecommunications 13 6.31
Health & Personal Care 14 6.27
Energy Sources 13 6.18
Broadcasting & Publishing 10 5.20
TEN LARGEST STOCKS Percent of Net Assets
Philip Morris 3.17%
Federal National Mortgage Assn. 2.46
Royal Dutch Petroleum 1.78
Caterpillar 1.52
Time Warner 1.49
Wal-Mart Stores 1.46
AT&T 1.33
Banc One 1.32
DuPont 1.26
Merck 1.23
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The Investment Company of America's complete portfolio will appear in the
fund's annual report, scheduled to be mailed to you in late February 1996. We
look forward to reporting to you again at that time.
Cordially,
William C. Newton
President
December 6, 1995
About our cover: Jonathan Bell Lovelace (1895-1979), the founder of ICA's
investment advisory organization, pictured along with some mementos, including
his briefcase, from the fund's 61-year history.
ICA(SM) is one of the nation's oldest and largest mutual funds. It seeks
long-term growth of capital and income, placing greater emphasis on future
dividends than on current income.
SHARE PRICE AND RETURN WILL VARY, SO YOU MAY LOSE MONEY BY INVESTING IN THE
FUND. THE SHORTER THE TIME PERIOD OF YOUR INVESTMENT, THE GREATER THE
POSSIBILITY OF LOSS. FUND SHARES ARE NOT DEPOSITS OR OBLIGATIONS OF, OR
INSURED OR GUARANTEED BY, THE U.S. GOVERNMENT, ANY FINANCIAL INSTITUTION, THE
FEDERAL DEPOSIT INSURANCE CORPORATION, OR ANY OTHER AGENCY, ENTITY OR PERSON.
This report is for the information of shareholders of The Investment Company of
America, but it may also be used as sales literature when preceded or
accompanied by the current prospectus, which gives details about charges,
expenses, investment objectives and operating policies of the fund.
FOR INFORMATION ABOUT YOUR ACCOUNT OR ANY OF THE FUND'S SERVICES, PLEASE
CONTACT YOUR SECURITIES DEALER OR FINANCIAL PLANNER, OR CALL THE FUND'S
TRANSFER AGENT, TOLL-FREE, AT 800/421-0180.
Litho in USA SG/ALI/2790
(C) 1995 American Funds Distributors, Inc.
Lit No. ICA-012-1295
