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 [Fee Required] for the fiscal year ended
December 31, 1993.
[_] 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 001-04777
- - ---------------------------------
A. Full title of the plan and the address of the plan, if different
from that of the issuer named below:
MATTEL, INC. PERSONAL INVESTMENT PLAN
B. Name of issuer of the securities held pursuant to the plan and
the address of its principal executive office:
MATTEL, INC.
333 CONTINENTAL BOULEVARD
EL SEGUNDO, CALIFORNIA 90245-5012
<PAGE>
[Price Waterhouse letterhead]
REPORT OF INDEPENDENT ACCOUNTANTS
---------------------------------
June 22, 1994
To the Plan Administrator and Participants
of the Mattel, Inc. Personal Investment Plan
In our opinion, the accompanying statements of net assets
available for benefits and the related statements of changes
in net assets available for benefits present fairly, in all
material respects, the net assets available for benefits of
the Mattel, Inc. Personal Investment Plan at December 31,
1993 and 1992, and the changes in net assets available for
benefits for the years then ended, in conformity with
generally accepted accounting principles. 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 generally
accepted auditing standards 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 made for the purpose of forming an opinion
on the basic financial statements taken as a whole. The
additional information included in Schedules I and V is
presented for purposes of additional analysis and is not a
required part of the basic financial statements but is
additional information required by ERISA. Such information
has been subjected to the auditing procedures applied in the
audit of the basic financial statements and, in our opinion,
is fairly stated in all material respects in relation to the
basic financial statements taken as a whole.
/s/ Price Waterhouse
- - --------------------
<PAGE>
<TABLE>
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
---------------------------------------------------
December 31, 1993
------------------------------------------------------------------------
Fixed Managed Equity Mattel
Income Equity Index Stock
Account Account Account Account Total
------------ ------------ ------------ ------------ ------------
ASSETS
------
<S> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 2 and 3):
Government, corporate and
agency obligations $ 9,206,000 $ 9,206,000
Stock index fund $ 11,285,000 11,285,000
Managed equity fund $ 11,848,000 11,848,000
Mattel stock fund $ 1,420,000 1,420,000
Money market fund 1,661,000 7,000 3,000 2,000 1,673,000
------------ ------------ ------------ ------------ ------------
10,867,000 11,855,000 11,288,000 1,422,000 35,432,000
------------ ------------ ------------ ------------ ------------
Cash 193,000 4,000 4,000 4,000 205,000
------------ ------------ ------------ ------------ ------------
11,060,000 11,859,000 11,292,000 1,426,000 35,637,000
------------ ------------ ------------ ------------ ------------
Deposits with insurance
companies, at contract
value (Note 3) 102,682,000 102,682,000
Loans receivable (Note 1) 3,034,000 769,000 769,000 188,000 4,760,000
------------ ------------ ------------ ------------ ------------
116,776,000 12,628,000 12,061,000 1,614,000 143,079,000
------------ ------------ ------------ ------------ ------------
Accrued interest and
dividends receivable 730,000 241,000 3,000 974,000
Contributions receivable
------------ ------------ ------------ ------------ ------------
Total assets $117,506,000 $ 12,869,000 $ 12,061,000 $ 1,617,000 $144,053,000
============ ============ ============ ============ ============
LIABILITIES
-----------
Excess contributions
received from employer 151,000 83,000 44,000 8,000 286,000
------------ ------------ ------------ ------------ ------------
Net assets $117,355,000 $ 12,786,000 $ 12,017,000 $ 1,609,000 $143,767,000
============ ============ ============ ============ ============
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
---------------------------------------------------
December 31, 1992
------------------------------------------------------------------------
Fixed Managed Equity Mattel
Income Equity Index Stock
Account Account Account Account Total
------------ ------------ ------------ ------------ ------------
ASSETS
------
<S> <C> <C> <C> <C> <C>
Investments, at fair value
(Notes 2 and 3):
Government, corporate and
agency obligations
Stock index fund $ 8,759,000 $ 8,759,000
Managed equity fund $ 8,722,000 8,722,000
Mattel stock fund $ 738,000 738,000
Money market fund $ 6,679,000 3,000 3,000 10,000 6,695,000
------------ ------------ ------------ ------------ ------------
6,679,000 8,725,000 8,762,000 748,000 24,914,000
------------ ------------ ------------ ------------ ------------
Cash
------------ ------------ ------------ ------------ ------------
6,679,000 8,725,000 8,762,000 748,000 24,914,000
------------ ------------ ------------ ------------ ------------
Deposits with insurance
companies, at contract
value (Note 3) 93,666,000 93,666,000
Loans receivable (Note 1) 2,994,000 420,000 447,000 5,000 3,866,000
------------ ------------ ------------ ------------ ------------
103,339,000 9,145,000 9,209,000 753,000 122,446,000
------------ ------------ ------------ ------------ ------------
Accrued interest and
dividends receivable 703,000 20,000 2,000 725,000
Contributions receivable (24,000) 6,000 76,000 34,000 92,000
------------ ------------ ------------ ------------ ------------
Total assets $104,018,000 $ 9,171,000 $ 9,285,000 $ 789,000 $123,263,000
============ ============ ============ ============ ============
LIABILITIES
-----------
Excess contributions
received from employer
------------ ------------ ------------ ------------ ------------
Net assets $104,018,000 $ 9,171,000 $ 9,285,000 $ 789,000 $123,263,000
============ ============ ============ ============ ============
<FN>
The accompanying notes are an integral part of these financial statements.
</FN>
</TABLE>
-2-
<PAGE>
<TABLE>
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1993
------------------------------------
Fixed Managed Equity Mattel
Income Equity Index Stock
Account Account Account Account Total
------------ ----------- ----------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Investment income:
Interest $ 8,296,000 $ 38,000 $ 37,000 $ 8,000 $ 8,379,000 (a)
Dividends 253,000 10,000 263,000
Net appreciation in fair
value of investments
(Note 3) 1,272,000 957,000 110,000 2,339,000
Contributions:
Employer 5,109,000 766,000 781,000 166,000 6,822,000
Employee 5,204,000 1,033,000 1,076,000 244,000 7,557,000 (a)
Fund transfers (1,167,000) 599,000 240,000 328,000
Benefit payments (4,105,000) (346,000) (359,000) (46,000) (4,856,000)
------------ ----------- ----------- ---------- ------------
Increase in net assets
available for benefits 13,337,000 3,615,000 2,732,000 820,000 20,504,000
------------ ----------- ----------- ---------- ------------
Net assets available for
benefits:
Beginning of year 104,018,000 9,171,000 9,285,000 789,000 123,263,000
------------ ----------- ----------- ---------- ------------
End of year $117,355,000 $12,786,000 $12,017,000 $1,609,000 $143,767,000
============ =========== =========== ========== ============
<FN>
(a) Interest income related to participant loans of $356,000 was reclassified from employee
contributions to interest income.
The accompanying notes are an integral part of these financial statements.
</FN>
</TABLE>
-3-
<PAGE>
<TABLE>
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1992
------------------------------------
Fixed Managed Equity Mattel
Income Equity Index Stock
Account Account Account Account Total
------------ ----------- ----------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Investment income:
Interest $ 8,057,000 $ 27,000 $ 37,000 $ 3,000 $ 8,124,000 (a)
Dividends 34,000 2,000 36,000
Net appreciation in fair
value of investments
(Note 3) 584,000 592,000 34,000 1,210,000
Contributions:
Employer 5,191,000 667,000 726,000 35,000 6,619,000
Employee 5,136,000 802,000 891,000 49,000 6,878,000 (a)
Fund transfers (839,000) (532,000) 705,000 666,000
Benefit payments (5,039,000) (480,000) (498,000) (6,017,000)
------------ ----------- ----------- ---------- ------------
Increase in net assets
available for benefits 12,506,000 1,102,000 2,453,000 789,000 16,850,000
------------ ----------- ----------- ---------- ------------
Net assets available for
benefits:
Beginning of year 91,512,000 8,069,000 6,832,000 106,413,000
------------ ----------- ----------- ---------- ------------
End of year $104,018,000 $ 9,171,000 $ 9,285,000 $ 789,000 $123,263,000
============ =========== =========== ========== ============
<FN>
(a) Interest income related to participant loans of $336,000 was reclassified from employee
contributions to interest income.
The accompanying notes are an integral part of these financial statements.
</FN>
</TABLE>
-4-
<PAGE>
MATTEL, INC. PERSONAL INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
-----------------------------
NOTE 1 - GENERAL DESCRIPTION OF THE PLAN:
- - ----------------------------------------
The Mattel, Inc. Personal Investment Plan (the "Plan"),
established November 1, 1983, is a contributory thrift
savings form of a defined contribution plan covering all
nonunion employees of Mattel, Inc. (the "Company") and
certain subsidiaries of Mattel, Inc. The Plan is
administered by the Company under the direction of the
Pension Committee of the Board of Directors of the Company.
Plan assets at December 31, 1993 and 1992 were held by the
Bank of America, N.T.S.A. (the "Trustee") under the
direction of the Pension Committee. There were
approximately 3,305 participants in the Plan as of December
31, 1993.
The Company makes automatic contributions ranging from 2
percent to 7 percent of compensation based upon covered
participants' ages, regardless of whether the employees
elect to personally contribute to the Plan. Each employee
may contribute from 1 percent to 6 percent of his or her
compensation. The Company will match 100 percent of the
first 2 percent of compensation contributed by an employee
and 50 percent of the next 4 percent. In addition, each
employee may contribute up to an additional 9 percent of
compensation, with no matching contribution by the Company.
Participants are permitted to direct all contributions made
to the Plan into one or more of four separate investment
funds: a fixed income account, a managed equity account, an
equity index account and the Mattel stock account.
Each participant hired prior to July 1, 1989 has a 100
percent vested interest in all contributions and earnings in
his or her account, except for the Company's matching
contributions. For employees hired after July 1, 1989, the
Company's matching contributions and automatic contributions
become vested based upon years of service. Participants are
entitled to obtain loans from the Plan up to a maximum of
$50,000, limited by their account balance and certain vested
value restrictions. In addition, funds may be withdrawn by
participants prior to retirement under limited
circumstances, subject to restrictions as defined by the
Plan.
The Company anticipates that the Plan will continue without
interruption, but reserves the right to discontinue the
Plan. In the event such discontinuance results in the
termination of the Plan, participants shall be entitled to
receive their account balance.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
- - ---------------------------------------------------
Basis of Accounting
- - -------------------
The financial statements of the Plan are prepared using the
accrual basis of accounting.
-5-
<PAGE>
NOTE 2: (Continued)
- - ------
Valuation of Investments
- - ------------------------
Investments are presented in the accompanying statement of
net assets available for benefits at their fair value.
Investments held in the managed equity fund, equity index
fund and Mattel stock fund are valued using quoted market
prices. Investments in the fixed income fund, made
primarily pursuant to guaranteed investment contracts, are
valued at contract values as determined by the insurance
companies. Contract value represents contributions made
under a guaranteed investment contract, plus interest at the
contract rate, less administration expenses charged by the
insurance company.
Contributions
- - -------------
Contributions from Plan participants are recorded in the
period in which the Company makes payroll deductions from
the employees' compensation. The Company's matching
contributions are recorded in the period corresponding with
the employee contributions. Employee rollover contributions
are included as Employee Contributions in the financial
statements.
Security Transactions and Investment Income
- - -------------------------------------------
In accordance with the policy of presenting investments at
current fair value, the net appreciation or depreciation in
the fair value of investments during the period is reflected
in the statement of changes in net assets available for
benefits. Such net appreciation or depreciation in current
fair value includes realized gains and losses on
dispositions of securities during the period.
Interest income is recorded as earned on an accrual basis.
Dividend income is recorded on the ex-dividend date.
Allocation of Net Increase or Decrease in Plan Assets to
Participants
- - ------------
The net increase or decrease in Plan assets during the
period is allocated among individual participants in direct
proportion to the fund balances of their respective
accounts.
Expenses of the Plan
- - --------------------
Expenses incurred in the administration of the Plan are
borne by the Company.
Plan Amendments
- - ---------------
In 1989, the Plan was amended retroactive to January 1, 1987
in order to comply with rules and regulations set forth in
the Tax Reform Act of 1986.
In August 1992, the Plan was amended to provide to
participants the option to invest in Mattel common stock as
a fourth investment alternative.
-6-
<PAGE>
NOTE 2: (Continued)
- - ------
Effective in January 1993, the Plan was amended and restated
to reflect technical provisions as required by the
Unemployment Compensation Amendments of 1992 to the Internal
Revenue Code of 1986 relating to direct rollovers between
qualified plans and mandatory withholding rules, and to
adjust the provisions relating to the voting of stock in the
Mattel stock fund.
NOTE 3 - INVESTMENTS:
- - --------------------
The fair value of investments held by the Trustee fund at
December 31, 1993 and 1992 is summarized in the following
table:
<TABLE>
<CAPTION>
December 31, December 31,
1993 1992
------------ ------------
<S> <C> <C>
Investments at estimated contract value
- - ---------------------------------------
(Issuer/Contract Number)
- - ------------------------
Allstate Life Insurance Co.
GA 4900-1 $ 695,000 $ 639,000
GA 4900-2 695,000 639,000
GA 5048 1,289,000 1,184,000
GA 5199 1,770,000 1,642,000
GA 5117 1,250,000 1,154,000
GA 5256 1,137,000 1,059,000
GA 5304 1,128,000 1,046,000
GA 5393 2,148,000 2,000,000
Canada Life Assurance Co.
P 45354-1 520,000 520,000
P 45354-2 520,000 520,000
Confederation Life Insurance Co.
62002 540,000 540,000
62003 539,000 539,000
62571 1,005,000 1,004,000
62572 1,000,000 1,000,000
62624 1,138,000 1,058,000
Connecticut Mutual Life Insurance Co.
GIC 70147A-0 - 11,097,000
Crown Life Insurance Co.
GACR - 9003541 465,000 426,000
GACR - 9003541 465,000 426,000
GACR - 9003541 465,000 426,000
-7-
<PAGE>
<CAPTION>
NOTE 3: (Continued)
- - ------
December 31, December 31,
1993 1992
------------ ------------
<S> <C> <C>
Hartford Life Insurance Co.
GA - 8943A $ 675,000 $ 619,000
GA - 8943B 675,000 619,000
John Hancock Life Insurance Co.
GAC - 6111 2,283,000 2,133,000
GAC - 7166 1,010,000 -
GAC - 7166 1,010,000 -
GAC - 7188 1,008,000 -
GAC - 7188 1,008,000 -
Life of Virginia
GS - 2000 1,007,000 -
GS - 2744 1,007,000 -
GS - 2725 4,084,000 -
Metropolitan Life Insurance Co.
PIP 10446-9-069 16,469,000 26,325,000
Mutual Benefit Life Insurance Co.
002565 1,105,000 1,105,000
Nationwide Life Insurance Co.
3288-2 688,000 634,000
GAP-3288 - 634,000
GAP-5015 1,426,000 1,321,000
New York Life
GA - 06830-2 1,264,000 -
GA - 06380-2 1,264,000 -
GA - 068 1,516,000 -
GA - 068 1,516,000 -
Northwestern National Life Insurance Co.
21815 5,072,000 4,674,000
Ohio National Life Insurance Co.
GA 5084-1 700,000 641,000
GA 5084-2 692,000 633,000
GA 5376 1,173,000 1,089,000
GA 5462 556,000 518,000
GA 5463 556,000 518,000
-8-
<PAGE>
<CAPTION>
NOTE 3: (Continued)
- - ------
December 31, December 31,
1993 1992
------------ ------------
<S> <C> <C>
Penn Mutual Life Insurance Co.
GVC 91084-1 $ 501,000 $ 460,000
GVC 91084-2 501,000 460,000
GVC 91139 2,536,000 2,336,000
Principal Mutual Life Insurance Co.
4749 1,399,000 1,301,000
GA 4749-2 1,140,000 1,055,000
GA 4749-3 1,140,000 1,055,000
GA 4749-4 3,214,000 3,029,000
Protective Life Insurance Co.
GA 333 1,513,000 1,513,000
GA 571 1,040,000 1,040,000
GA 602 1,526,000 1,526,000
Provident National Life Assurance Co.
04668 2,068,000 2,540,000
Prudential Life
GA-7773-211B 1,926,000 -
GA-7773-211A 1,927,000 -
GA-7773-211D 1,925,000 -
GA-7773-211E 1,925,000 -
Sun Life Assurance Co. of Canada
S0749G 1,155,000 1,076,000
S0787G 2,011,000 1,870,000
S0781G 1,127,000 1,045,000
S0658G 2,542,000 2,339,000
S0859G 2,081,000 -
S0860G 2,080,000 -
The Travelers Life Insurance Co.
GR 15862 1,238,000 1,138,000
GR 15744 1,634,000 1,501,000
------------ ------------
Total guaranteed investment contracts 102,682,000 93,666,000
------------ ------------
-9-
<PAGE>
<CAPTION>
NOTE 3: (Continued)
- - ------
December 31, December 31,
1993 1992
------------ ------------
<S> <C> <C>
Investment Funds:
Government, corporate and agency
obligations $ 9,206,000 $ -
Wells Fargo Bank Index Fund 11,285,000 8,759,000
Warburg Pincus/Counsellors
Capital Appreciation Fund 11,848,000 8,722,000
Mattel Stock Fund 1,420,000 738,000
Bank of America Short Term
Investment Fund 1,673,000 6,695,000
------------ ------------
Total investment funds 35,432,000 24,914,000
------------ ------------
Total investments $138,114,000 $118,580,000
============ ============
</TABLE>
During the years ended December 31, 1993 and 1992, the
Plan's investments, including investments bought and sold as
well as those held during the year, appreciated in value by
$2,339,000 and $1,210,000, respectively, as follows:
<TABLE>
<CAPTION>
December 31, December 31,
1993 1992
------------ ------------
<S> <C> <C>
Wells Fargo Bank Index Fund $ 957,000 $ 592,000
Warburg Pincus/Counsellors
Capital Appreciation Fund 1,272,000 584,000
Mattel Stock Fund 110,000 34,000
------------ ------------
$ 2,339,000 $ 1,210,000
============ ============
</TABLE>
A portion of the Plan assets has been invested in guaranteed
investment contracts with various insurance companies.
These contracts provide a minimum guaranteed annual return
on investment with rates ranging from 4.00 to 9.48 percent.
The Plan administrator has directed the Trustee to invest
any excess cash balances in the Bank of America Short Term
Investment Fund, which is a diversified portfolio of
short-term investment securities.
-10-
<PAGE>
NOTE 4 - PLAN OBLIGATIONS:
- - -------------------------
Obligations to terminated employees which have been
processed and approved for payment prior to December 31,
1993 and 1992 are summarized as follows:
<TABLE>
<CAPTION>
December 31, December 31,
1993 1992
------------ ------------
<S> <C> <C>
Fixed income account $ 901,000 $ 1,028,000
Managed equity account 28,000 119,000
Equity index account 36,000 62,000
Mattel stock account 73,000 3,000
------------ ------------
$ 972,000 $ 1,212,000
============ ============
</TABLE>
These amounts are reflected in the Plan's Form 5500.
NOTE 5 - TAX STATUS OF THE PLAN:
- - -------------------------------
The Plan administrator has received a determination letter
from the Internal Revenue Service which confirmed that the
Plan is qualified and tax-exempt under the appropriate
sections of the Code. The Plan has been amended since
receiving the determination letter. However, the Plan
administrator and the Plan's counsel believe that the Plan
is currently structured and being operated in compliance
with the requirements of the Internal Revenue Code.
Therefore, it is believed that the Plan was qualified and
tax-exempt as of the financial statement dates.
-11-
<PAGE>
<TABLE>
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN SCHEDULE I
Page 1 of 3
ASSETS HELD FOR INVESTMENT AT DECEMBER 31, 1993
-----------------------------------------------
Description
Investment Funds of Investment Cost Current Value
- - ---------------- --------------- ------------ -------------
<S> <C> <C> <C>
Fixed Income Government,
corporate and
agency
obligations $ 9,206,000 $ 9,206,000
Wells Fargo Bank Stock Index
Fund 9,794,000 11,285,000
Warburg Pincus/Counsellors Managed Equity
Capital Appreciation Fund* Fund 9,256,000 11,848,000
Mattel Stock Fund* Stock Fund 1,249,000 1,420,000
Bank of America* Short Term
Investment Fund 1,673,000 1,673,000
------------ -------------
Total investment funds 31,178,000 35,432,000
------------ -------------
<CAPTION>
Guaranteed Investment Contracts: Contract Number Cost Contract Value
- - -------------------------------- --------------- ------------ --------------
(Issuer/Rate/Maturity)
<S> <C> <C> <C>
Allstate Life Insurance Co.
8.78% 02/03/95 GA 4900-1 $ 695,000 $ 695,000
8.78% 05/03/95 GA 4900-2 695,000 695,000
8.85% 11/30/95 GA 5048 1,289,000 1,289,000
7.83% 09/01/96 GA 5199 1,770,000 1,770,000
7.37% 02/05/97 GA 5256 1,137,000 1,137,000
7.76% 04/23/97 GA 5304 1,128,000 1,128,000
7.0% 11/12/97 GA 5393 2,148,000 2,148,000
8.03% None GA 5117 1,250,000 1,250,000
Canada Life Assurance Co.
9.2% 07/21/95 P 45354-1 520,000 520,000
9.2% 08/21/95 P 45354-2 520,000 520,000
Confederation Life Insurance Co.
8.66% 12/31/94 62002 540,000 540,000
8.66% 01/03/95 62003 539,000 539,000
7.54% 11/08/96 62571 1,005,000 1,005,000
7.52% 12/02/96 62572 1,000,000 1,000,000
7.55% 02/21/97 62624 1,138,000 1,138,000
<FN>
* Party-in-Interest
</FN>
-12-
<PAGE>
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN SCHEDULE I
Page 2 of 3
ASSETS HELD FOR INVESTMENT AT DECEMBER 31, 1993 (Continued)
-----------------------------------------------
Contract Number Cost Contract Value
--------------- ------------ --------------
<C> <C> <C>
Crown Life Insurance Co.
9.26% 10/23/94 GACR - 9003541 $ 465,000 $ 465,000
9.26% 11/23/94 GACR - 9003541 465,000 465,000
9.26% 04/23/95 GACR - 9003541 465,000 465,000
Hartford Life Insurance Co.
9.05% 07/14/95 GA - 8943A 675,000 675,000
9.05% 08/14/95 GA - 8943B 675,000 675,000
John Hancock Life Insurance Co.
4.94% 10/03/94 GAC-7188 1,008,000 1,008,000
4.92% 01/31/95 GAC-7166 1,010,000 1,010,000
7.05% 01/02/97 GAC-6111 2,283,000 2,283,000
4.92% 09/30/98 GAC-7166 1,010,000 1,010,000
4.94% 10/01/98 GAC-7188 1,008,000 1,008,000
Life of Virginia
4.57% 07/03/95 GS-2744 1,007,000 1,007,000
4.57% 07/01/97 GS-2000 1,007,000 1,007,000
5.5% 07/13/98 GS-2725 4,084,000 4,084,000
Metropolitan Life Insurance Co.
9.48% 01/01/94 PIP 104469-069 16,469,000 16,469,000
Mutual Benefit Life Insurance Co.
7.0% 12/31/99 002565 1,105,000 1,105,000
Nationwide Life Insurance Co.
8.5% 07/03/94 3288-2 688,000 688,000
7.92% 08/26/96 GAP-5015 1,426,000 1,426,000
New York Life
5.2% 06/30/98 GA-068 1,516,000 1,516,000
5.2% 08/31/98 GA-068 1,516,000 1,516,000
5.3% 09/30/98 GA-06830-2 1,264,000 1,264,000
5.3% 10/15/98 GA-06830-2 1,264,000 1,264,000
Northwestern Nat'l Life Insurance
8.5% None 21815 5,072,000 5,072,000
Ohio National Life Insurance Co.
9.26% 06/08/94 GA 5084-1 700,000 700,000
9.26% 06/08/95 GA 5084-2 692,000 692,000
7.33% 06/04/96 GA 5462 556,000 556,000
7.73% 11/02/96 GA 5376 1,173,000 1,173,000
7.33% 07/03/97 GA 5463 556,000 556,000
-13-
<PAGE>
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN SCHEDULE I
Page 3 of 3
ASSETS HELD FOR INVESTMENT AT DECEMBER 31, 1993 (Continued)
-----------------------------------------------
Contract Number Cost Contract Value
--------------- ------------ --------------
<S> <C> <C> <C>
Penn Mutual Life Insurance Co.
9.04% 08/23/94 GVC 91084-1 $ 501,000 $ 501,000
9.04% 09/23/95 GVC 91084-2 501,000 501,000
8.56% None GVC 91139 2,536,000 2,536,000
Principal Mutual Life Insurance Co.
7.5% 11/18/96 4749 1,399,000 1,399,000
8.05% 03/25/97 GA 4749-2 1,140,000 1,140,000
8.1% 04/26/97 GA 4749-3 1,140,000 1,140,000
6.1% 09/10/97 GA 4749-4 3,214,000 3,214,000
Protective Life Insurance Co.
9.4% 10/26/95 GA 333 1,513,000 1,513,000
8.83% 06/16/96 GA 571 1,040,000 1,040,000
8.02% 10/10/96 GA 602 1,526,000 1,526,000
Provident National Life Assurance Co.
8.57% 03/02/95 04668 2,068,000 2,068,000
Prudential Life
5.44% 05/31/95 GA-7773-211A 1,927,000 1,927,000
5.44% 05/31/96 GA-7773-211B 1,926,000 1,926,000
5.44% 11/30/98 GA-7773-211D 1,925,000 1,925,000
5.44% 12/30/98 GA-7773-211E 1,925,000 1,925,000
Sun Life Assurance Co. of Canada
7.38% 01/20/97 S0749G 1,155,000 1,155,000
7.82% 05/01/97 S0781G 1,127,000 1,127,000
7.5% 06/01/97 S0787G 2,011,000 2,011,000
5.82% 03/18/98 S0859G 2,081,000 2,081,000
5.85% 04/23/98 S0860G 2,080,000 2,080,000
8.67% None S0658G 2,542,000 2,542,000
The Travelers Life Insurance Co.
8.8% 09/30/96 GR15862 1,238,000 1,238,000
8.5% None GR15744 1,634,000 1,634,000
------------ -------------
Total guaranteed investment contracts 102,682,000 102,682,000
------------ -------------
Total investments $133,680,000 $ 138,114,000
============ =============
</TABLE>
<PAGE>
-14-
<TABLE>
<CAPTION>
MATTEL, INC. PERSONAL INVESTMENT PLAN SCHEDULE V
TRANSACTIONS IN EXCESS OF FIVE PERCENT OF THE CURRENT
VALUE OF PLAN ASSETS FOR THE YEAR ENDED DECEMBER 31, 1993
---------------------------------------------------------
Purchases Sales
-------------------------- -------------------------------------
Net Gain
Transactions Cost Transactions Proceeds (Loss)
------------ ----------- ------------ ----------- --------
<S> <C> <C> <C> <C> <C>
Bank of America Short
Term Investment Fund* 172 $45,600,000 121 $50,621,000 -
Connecticut Mutual Life 2 4,137,000 10 15,234,000 -
<FN>
* Party-in-interest
</FN>
</TABLE>
-15-
<PAGE>
POWER OF ATTORNEY
-----------------
We, the undersigned members of the Committee designated
to administer the Mattel, Inc. Personal Investment Plan, do
hereby severally constitute and appoint N. Ned Mansour, Robert
Normile and John L. Vogelstein, and each of them, our true and
lawful attorneys and agents, to do any and all acts and things in
our name and behalf in our capacities as members of said
Committee and to execute any and all instruments for us and in
our names in the capacities indicated below, which said attorneys
and agents, or any of them, may deem necessary or advisable to
enable said Plan to comply with the Securities Exchange Act of
1934, as amended, and any rules, regulations, and requirements of
the Securities and Exchange Commission, in connection with this
Annual Report on Form 11-K, including specifically, but without
limitation, power and authority to sign for us or any of us, in
our names in the capacities indicated below, any and all
amendments hereto; and we do each hereby ratify and confirm all
that said attorneys and agents or any one of them, shall do or
cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Exchange
Act of 1934, the members of the Committee designated to
administer the Mattel, Inc. Personal Investment Plan have duly
caused this Annual Report on Form 11-K to be signed on behalf of
the Plan by the undersigned, thereunto duly authorized, in the
City of El Segundo, State of California, on June 28, 1994.
MATTEL, INC. PERSONAL
INVESTMENT PLAN
By: /s/ Harold Brown
----------------
Harold Brown
By: /s/ Edward H. Malone
--------------------
Edward H. Malone
By: /s/ Lindsey F. Williams
-----------------------
Lindsey F. Williams
By: /s/ Jill E. Barad
-----------------
Jill E. Barad
<PAGE>
[Price Waterhouse letterhead]
EXHIBIT - 23
Consent of Independent Accountants
----------------------------------
We hereby consent to the incorporation by reference in the
Registration Statement on Form S-8 (No. 33-51454) of Mattel,
Inc. of our report dated June 22, 1994 appearing on page 1
of this Form 11-K.
/s/ Price Waterhouse
- - --------------------
June 26, 1994
Century City, California
