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, 1994
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
Commission File Number 2-62223
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
(Full title of the plan)
ENTERGY CORPORATION
639 Loyola
New Orleans, Louisiana 70113
(Issuer and address of principal executive office)
<PAGE>
Table of Contents
Page
Number
Herein
(a)Financial Statements and Supplemental Schedules:
Report of Independent Accountants 3
Statement of Net Assets Available for Benefits
With Fund Information as of December 31, 1994 4
Statement of Net Assets Available for Benefits
With Fund Information as of December 31, 1993 5
Statement of Changes in Net Assets Available for
Benefits With Fund Information-for the Year
ended December 31, 1994 6
Statement of Changes in Net Assets Available for
Benefits With Fund Information-for the Year Ended
December 31, 1993 7
Notes to Financial Statements 8
Item 27a - Schedule of Assets Held for Investment
Purposes - as of December 31, 1994 14
Item 27d - Schedule of Reportable Transactions -
for the Year Ended December 31, 1994 31
Signature 32
(b)Exhibit:
Consent of Coopers & Lybrand L.L.P.
<PAGE>
Report of Independent Accountants
To the Trustee and Participants of the Savings Plan of
Entergy Corporation and Subsidiaries
We have audited the accompanying statements of net assets available for
benefits of the Savings Plan of Entergy Corporation and Subsidiaries
(the Plan) as of December 31, 1994 and 1993, and the related statements
of changes in net assets available for benefits for the years ended
December 31, 1994 and 1993. 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 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 audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the net assets available for benefits
of the Plan as of December 31, 1994 and 1993, and the changes in net
assets available for benefits for the years ended December 31, 1994 and
1993, in conformity with generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the
basic financial statements taken as a whole. The supplemental
schedules listed in the Table of Contents on page 2 are presented for
the purpose of additional analysis and are not a required part of the
basic 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 Fund Information in the statements of net assets available for
benefits and the statements of changes in net assets available for
benefits is presented for purposes of additional analysis rather than
to present the net assets available for plan benefits and changes in
net assets available for plan benefits of each fund. The supplemental
schedules and Fund Information have been subjected to the auditing
procedures applied in the audits 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.
/s/ Coopers & Lybrand L.L.P.
New Orleans, Louisiana
June 16, 1995
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Statement of Net Assets Available for Benefits with Fund Information
As of December 31, 1994
FUND INFORMATION
Entergy Stable Stock Stock Stock
Corporation Income Balanced Income Index Growth Loan
Total Stock Fund Fund Fund Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Investments:
Cash and temporary cash
investments $8,493,005 $28,660 $4,194,700 $183,999 $2,856,317 $986,386 $242,943 -
Equity securities:
Entergy Corporation
common stock -
9,726,021 shares 212,756,709 212,756,709 - - - - - -
Other equity securities 66,817,046 - - 2,915,602 48,590,751 5,341,325 9,969,368 -
Fixed income securities:
Guaranteed investment
contracts 69,787,323 - 69,787,323 - - - - -
U.S. Treasury and
government agency
securities 40,441,683 - 37,166,639 3,275,044 - - - -
Other corporate
securities 137,907,363 - 137,622,974 284,389 - - - -
Loans to participants 11,990,115 - - - - - - 11,990,115
-------------------------------------------------------------------------------------------------------
Total investments 548,193,244 212,785,369 248,771,636 6,659,034 51,447,068 6,327,711 10,212,311 11,990,115
Contributions receivable 4,622,241 1,639,239 1,875,202 122,478 595,378 145,670 244,274 -
Other receivables 4,197,850 67,834 2,423,979 139,024 928,963 184,524 453,526 -
-------------------------------------------------------------------------------------------------------
Total assets 557,013,335 214,492,442 253,070,817 6,920,536 52,971,409 6,657,905 10,910,111 11,990,115
-------------------------------------------------------------------------------------------------------
Liabilities:
Other liabilities 2,295,794 171,805 870,692 167,044 903,989 19,543 162,721 -
-------------------------------------------------------------------------------------------------------
Net assets available
for benefits $554,717,541 $214,320,637 $252,200,125 $6,753,492 $52,067,420 $6,638,362 $10,747,390 $11,990,115
=======================================================================================================
See Notes to Financial Statements
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Statement of Net Assets Available for Benefits with Fund Information
As of December 31, 1993
FUND INFORMATION
Entergy Stable Stock
Corporation Income Income Loan
Total Stock Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C>
Assets:
Investments:
Cash and temporary cash investments $7,773,251 $10,789 $3,415,512 $4,344,450 $2,500
Equity securities:
Entergy Corporation common
stock - 8,711,935 shares 313,629,672 313,629,672 - - -
Other equity securities 45,922,225 - - 45,922,225 -
Fixed income securities:
Guaranteed investment contracts 126,134,995 - 126,134,995 - -
U.S. Treasury and government
agency securities 53,755,089 - 53,755,089 - -
Other corporate securities 77,057,532 - 77,057,532 - -
Loans to participants 11,187,776 - - - 11,187,776
--------------------------------------------------------------------
Total investments 635,460,540 313,640,461 260,363,128 50,266,675 11,190,276
Contributions receivable 4,505,225 1,656,275 2,144,556 704,394 -
Other receivables 2,468,110 43,058 1,818,957 606,095 -
--------------------------------------------------------------------
Total assets 642,433,875 315,339,794 264,326,641 51,577,164 11,190,276
--------------------------------------------------------------------
Liabilities:
Other liabilities 794,056 86,922 497,998 209,136 -
--------------------------------------------------------------------
Net assets available for benefits $641,639,819 $315,252,872 $263,828,643 $51,368,028 $11,190,276
====================================================================
See Notes to Financial Statements
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Statement of Changes in Net Assets Available for Benefits with Fund Information
For the Year ended December 31, 1994
FUND INFORMATION
Entergy Stable Stock Stock Stock
Corporation Income Balanced Income Index Growth Loan
Total Stock Fund Fund Fund Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Net assets available
for benefits -
Beginning of year $641,639,819 $315,252,872 $263,828,643 - $51,368,028 - - $11,190,276
Increases:
Investment income:
Dividends 18,548,915 16,280,659 - 121,963 2,146,293 - - -
Interest 12,838,734 35,855 11,697,791 80,890 73,544 108,420 57,568 784,666
Net realized and
unrealized appreciation
(depreciation) of
investments (131,791,650) (127,399,662) (2,541,662) (197,999) (1,973,996) 63,034 258,635 -
--------------------------------------------------------------------------------------------------------
Total investment
income (loss) (100,404,001) (111,083,148) 9,156,129 4,854 245,841 171,454 316,203 784,666
--------------------------------------------------------------------------------------------------------
Employee contributions 35,094,032 4,842,940 19,970,676 893,709 6,587,812 1,091,517 1,707,378 -
Employer contributions -
net of forfeitures 11,687,558 11,687,558 - - - - - -
--------------------------------------------------------------------------------------------------------
Total increases
(decreases) (53,622,411) (94,552,650) 29,126,805 898,563 6,833,653 1,262,971 2,023,581 784,666
--------------------------------------------------------------------------------------------------------
Decreases:
Distributions to
withdrawing participants 33,299,867 10,972,842 19,264,072 205,586 2,423,764 71,784 98,001 263,818
--------------------------------------------------------------------------------------------------------
Total decreases 33,299,867 10,972,842 19,264,072 205,586 2,423,764 71,784 98,001 263,818
--------------------------------------------------------------------------------------------------------
Net increase (decrease) (86,922,278) (105,525,492) 9,862,733 692,977 4,409,889 1,191,187 1,925,580 520,848
Net transfers between
the funds - 4,593,257 (21,491,251) 6,060,515 (3,710,497) 5,447,175 8,821,810 278,991
--------------------------------------------------------------------------------------------------------
Net assets available
for benefits -
End of year $554,717,541 $214,320,637 $252,200,125 $6,753,492 $52,067,420 $6,638,362 $10,747,390 $11,990,115
========================================================================================================
See Notes to Financial Statements
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Statement of Changes in Net Assets Available for Benefits with Fund Information
For the Year ended December 31, 1993
FUND INFORMATION
Entergy Stable Stock
Corporation Income Income Loan
Total Stock Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C>
Net assets available for benefits -
Beginning of year $559,747,547 $269,575,628 $243,038,265 $37,290,571 $9,843,083
Increases:
Investment income:
Dividends 15,727,971 13,781,804 - 1,946,167 -
Interest 18,471,416 22,825 17,597,903 97,328 753,360
Net realized and unrealized
appreciation of investments 27,869,433 23,902,011 328,048 3,639,374 -
-------------------------------------------------------------------
Total investment income 62,068,820 37,706,640 17,925,951 5,682,869 753,360
-------------------------------------------------------------------
Employee contributions 32,761,136 4,476,055 22,064,979 6,220,102 -
Employer contributions - net
of forfeitures 11,096,224 11,096,224 - - -
-------------------------------------------------------------------
Total increases 105,926,180 53,278,919 39,990,930 11,902,971 753,360
-------------------------------------------------------------------
Decreases:
Distributions to withdrawing
participants 24,033,908 9,500,371 12,579,567 1,614,496 339,474
-------------------------------------------------------------------
Total decreases 24,033,908 9,500,371 12,579,567 1,614,496 339,474
-------------------------------------------------------------------
Net increase 81,892,272 43,778,548 27,411,363 10,288,475 413,886
Net transfers between the funds - 1,898,696 (6,620,985) 3,788,982 933,307
Net assets available for benefits - -------------------------------------------------------------------
End of year $641,639,819 $315,252,872 $263,828,643 $51,368,028 $11,190,276
===================================================================
See Notes to Financial Statements
</TABLE>
<PAGE>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Notes to Financial Statements
1. Summary of Significant Accounting Policies
Basis of presentation: The accompanying financial statements have
been prepared on the accrual basis and present the net assets
available for benefits and the changes in net assets available for
benefits for the Savings Plan of Entergy Corporation and
Subsidiaries (Plan).
Benefits payable for terminations and withdrawals are included in
net assets available for benefits and are charged to net assets
when paid. This accounting method differs from that required in
the Department of Labor Form 5500 which requires benefits payable
to be accrued and charged to net assets in the period the liability
arises. Net assets available for benefits as of December 31, 1994
and 1993 and the net increase in net assets available for benefits
for each of the years in the two-year period ended December 31,
1994 differ from that reported in the Form 5500 as follows:
Net Assets Available
for Benefits
1994 1993
As reported herein $554,717,541 $641,639,819
Accrued benefits payable (2,696,186) (4,820,072)
------------ ------------
To be reported in Form 5500 $552,021,355 $636,819,747
============ ============
Net Increase in Net Assets
Available for Benefits
1994 1993
As reported herein $(86,922,278) $81,892,272
Accrued benefits payable 2,123,886 (3,731,437)
------------ -----------
To be reported in Form 5500 $(84,798,392) $78,160,835
============ ===========
Investments: Investments in common stock and fixed income
securities are stated at their fair value as determined by quoted
market prices on the valuation date, in compliance with the
Department of Labor Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of
1974 (ERISA), as amended. Cash equivalents are valued at cost,
which approximates fair value. The values of guaranteed investment
contracts (GICs) are recorded at cost, which approximates fair
value. Cost represents amounts invested under the GICs, plus
interest earned and reinvested through the valuation date at the
contracted rate.
Expenses: All costs and expenses of administering the Plan, except
expenses incurred in the direct acquisition or disposition of stock
and investment manager fees, are paid first by forfeitures of the
Plan and then by Entergy Corporation.
Purchases and sales of securities are accounted for on the trade
date.
Tax status: The Internal Revenue Service has issued a favorable
determination letter on May 23, 1995 stating that the Plan
qualifies under the provisions of Section 401(a) of the Internal
Revenue Code (Code) and is exempt from federal income taxes under
Section 501(a) of the Code. Accordingly, no provisions for federal
income taxes have been made in the accompanying financial
statements.
Concentration of credit risk: The plan invests in certificates of
deposit with a small number of banks. For deposit insurance
purposes, the certificates of deposit are considered to be owned by
each participant and insured up to $100,000 per participant.
However, the insurance coverage of $100,000 per participant will be
available only if the bank issuing the certificate of deposit is
eligible to accept "brokered deposits" under the FDIC Improvement
Act of 1991.
The Plan invests in government notes and securities which include
direct obligations of the United States (U.S.), or obligations of
agencies or instrumentalities thereof, which are backed by the full
faith and credit of the U.S.
The Plan invests in guaranteed investment contracts with four
insurance companies and is subject to credit risk with respect to
these insurance companies.
2. Summary of Plan Provisions
The following description of the Plan is provided for general
information purposes only. Plan participants should refer to the
Plan document for a more complete description of the Plan's
provisions.
General: The Plan is a defined contribution plan of Entergy
Corporation and Subsidiaries subject to the provisions of ERISA.
These ERISA provisions set forth the requirements for
participation, vesting of benefits, fiduciary conduct for
administering and handling Plan assets, and for disclosure of Plan
Information.
Eligibility: The Plan is available to all employees of Entergy
Corporation and its subsidiary companies (System) who satisfy a six
month System service requirement. All current collective
bargaining units except for GSU, participate in the Plan.
Contributions: Contributions made by or on behalf of participants
are deposited with Hibernia National Bank in New Orleans as Trustee
for the Plan. Participants may elect to contribute, through
payroll deductions, 1 to 6 percent of their base salary (Basic).
The employing System company will make matching contributions to
the Plan in an amount equal to 50 percent of a participant's Basic
contribution (Matching). Participants may contribute an additional
1 to 10 percent of their base salary (Supplemental) for which there
are no Matching contributions. Basic and Supplemental
contributions may be made on a before-tax basis (401(k)
contributions), an after-tax basis or a combination of both.
Contributions are monitored and limited by federal tax legislation.
The limit for the 1994 401(k) contribution was $9,240.
The Plan provides that certain taxable amounts received by an
employee which originated from an employee benefit plan qualified
under Section 401(a) of the Code may be accepted under the Plan as
rollover contributions (Rollover). The Plan, prior to January 1,
1987, accepted tax-deductible (IRA-type) contributions as System
Individual Retirement Account (SIRA) contributions and continues to
maintain such accounts under the Plan until distribution.
Investments: Matching contributions made on behalf of participants
are invested by the Trustee in the Entergy Corporation Stock Fund.
Participant contributions are invested as directed by participants
in accordance with the Plan's investment options. Earnings on
participant contributions are allocated based on participants'
account balances as of the first day of each month.
On July 30, 1993, the Board amended the Plan, effective January 1,
1994, to allow for greater diversification in fixed and variable
rate equity securities and increased growth potential by adding
three new investment options: the Balanced Fund, the Stock Index
Fund, and the Stock Growth Fund. Further, the name of the Common
Stock Fund was changed to the Stock Income Fund to better reflect
the objective of the fund.
Upon enrollment in the Plan, a participant may direct contributions
in any of the following six investment options:
Stable Income Fund - Funds are invested in high-quality,
fixed-income securities and fixed-rate contracts with
highly-rated insurance companies.
Balanced Fund - Funds are invested in a mix of common
stocks that are similar to the Standard & Poor's 500 and
fixed-income securities (bonds).
Stock Income Fund - Funds are invested in the common
stocks of large, well-established companies whose
dividends are higher than the average dividends of
companies that make up the Standard & Poor's 500.
Stock Index Fund - Funds are invested in a portfolio of
common stocks intended to reflect the U.S. stock market.
The portfolio seeks to match the Wilshire 5000 Index, an
index of all regularly and publicly traded U.S. stocks.
Stock Growth Fund - Funds are invested in the common
stocks of large, well-established companies with
favorable growth potential.
Entergy Corporation Stock Fund - Funds are invested in
common stock of Entergy Corporation.
As of December 31, 1994, the Plan had the following number of
participants in each investment option (excluding company matching
contributions):
Number of
Participants
Stable Income Fund 10,279
Balanced Fund 1,112
Stock Income Fund 4,592
Stock Index Fund 1,283
Stock Growth Fund 1,609
Entergy Corporation Stock Fund 4,011
Vesting: Amounts contributed by participants are fully vested at
all times. Participants become fully vested in the Matching
account upon completion of five years of System service except that
all GSU employees who were eligible to participate in the Gulf
States Utilities Company Employees' Thrift Plan before January 1,
1995, and who transferred into the Plan as of January 1, 1995,
continued to be immediately vested in all past and future Matching
contributions.
Plan Termination: Although it has not expressed any intent to do
so, the System 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 Plan termination,
participants will receive the total value of their accounts,
determined as of the date of termination.
In-Service Withdrawals: While employed, participants may, with
certain restrictions, annually withdraw all or a portion of the
value of their Basic and Supplemental after-tax, Rollover and SIRA
accounts. Such withdrawals may include all or a portion of the
value of their Basic and Supplemental before-tax accounts if the
participant has attained age 59-1/2. These withdrawals may be
subject to a 10% penalty unless the participant is age 59 1/2 or
older. The Plan also has a financial hardship withdrawal
provision.
Loans to Participants: The Plan has a loan provision whereby
participants who are actively employed may borrow an amount from
their eligible account(s) based on the balance of such account(s).
The amount borrowed is deducted from the participant's eligible
account(s) and repaid with interest in accordance with an
established schedule. If a participant with an outstanding loan
separates from service, the remaining principal balance of the loan
is treated as a taxable distribution to the participant unless the
amount is repaid in full within a specified period from the date of
separation.
Distributions Upon Separation from Service: Upon leaving a System
company, participants become eligible to receive a single-sum
distribution of the entire vested value of the Plan accounts, with
certain additional provisions regarding deferral of distributions,
installment distributions for certain retirees and disabled
participants, minimum account balances and mandatory distributions.
Asset Value Per Unit: The number of units and the net asset value
per unit for the funds as of December 31, 1994 and 1993, were as
follows:
1994 1993
Stable Income Fund:
Number of Units 50,475,208 54,533,194
Net Asset Value per unit $4.97 $4.80
Balanced Fund:
Number of Units 6,663,702 -
Net Asset Value per unit $.99 -
Stock Income Fund:
Number of Units 8,265,722 8,148,590
Net Asset Value per unit $6.23 $6.21
Stock Index Fund:
Number of Units 6,260,250 -
Net Asset Value per unit $.99 -
Stock Growth Fund:
Number of Units 9,877,437 -
Net Asset Value per unit $1.02 -
The asset value of the Entergy Corporation Stock Fund is based on
the market value per share of Entergy Corporation common stock
which was $21.88 and $36.00 at December 31, 1994 and 1993,
respectively.
Inactive accounts: The amounts allocated to accounts of plan
participants who have withdrawn from participation in the earnings
and operations of the plan, but for which disbursements of those
funds from the plan has not yet been made is $97,245,261.
Forfeitures: Upon termination of employment for reasons other than
retirement, disability or death, the portion of the employee's
account in which he/she is not vested at the time of termination
shall be forfeited and credited to the Plan Forfeiture Account.
Contributions forfeited for the years ended December 31, 1994 and
1993 were $93,212 and $268,220, respectively
Other: The following represents investments in excess of 5 percent
of the current value of net assets available for benefits as of
December 31, 1994 and 1993:
Investment December 31, 1994 December 31, 1993
Entergy Common Stock $212,756,709 $313,629,672
3. Entergy Corporation - Gulf States Utilities Company Merger
On December 31, 1993, Entergy Corporation and Gulf State Utilities
Company (GSU) consummated their merger. GSU became a wholly owned
subsidiary of Entergy Corporation. On May 5, 1994, the Board of
Directors of Entergy Corporation (Board) approved the combination
of the Plan and the GSU Employees' Thrift Plan. The combination was
completed on January 1, 1995 for GSU management employees but is
currently pending for the collective bargaining unit.
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes
As of December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Description Cost Current Value
<S> <C> <C>
Cash and temporary cash investments $ 8,493,005 $ 8,493,005
============= =============
Loans to participants (Bearing interest rates of prime +1%
with terms of up to 20 years) $ - $ 11,990,115
============= =============
Entergy Corporation common stock (9,726,021 shares, $.01 par) $ 178,269,450 $ 212,756,709
============= =============
Guaranteed/bank investment contracts:
Interest Rate Maturity Date
ENTERGY STABLE INCOME FUND:
Pacific Mutual 8.89% 1/3/95 $ 16,135,888 $ 16,135,888
New York Life Insurance Company 8.52% 6/30/95 13,276,028 13,276,028
New York Life Insurance Company 8.37% 1/3/95 10,526,135 10,526,135
Provident Life & Accident Insurance Co. 6.88% 9/29/95 18,314,172 18,314,172
John Hancock Life Insurance Company 6.80% 6/30/95 11,535,100 11,535,100
------------ ------------
Total investment contracts $ 69,787,323 $ 69,787,323
============ ============
</TABLE>
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<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Other equity securities:
Domestic securities:
ENTERGY STOCK INDEX FUND:
Pooled equity funds U.S. equity market fund 256,393 $ 5,395,087 $5,341,325
----------- ----------
ENTERGY STOCK INCOME FUND:
Avon Prods, Inc. 10,000 $599,151 $597,500
Philip Morris Cos Inc. 9,000 443,790 517,500
SmithKline Beechman participating preferred stock
Series B, 15,000 390,528 513,750
Upjohn Company 17,500 594,896 538,125
Warner Lambert Co. 10,500 669,113 808,500
Dun & Bradstreet Corp. 21,500 1,233,275 1,182,500
Eastman Kodak Co. 20,500 799,201 978,875
Ford Motor Company Del 20,000 554,350 557,500
Genuine Parts Co. 13,500 435,959 486,000
McGraw Hill, Inc. 12,500 766,303 835,937
J. C. Penney, Inc. 23,500 943,707 1,048,687
Reader's Digest Assn. Inc. 12,500 533,563 614,062
Sears Roebuck & Co. 18,800 777,016 864,800
Times Mirror Co. 25,000 816,275 784,375
Woolworth Corp. 38,500 880,338 577,500
Thomas & Betts Corp. 10,500 594,474 704,812
Cooper Inds. Inc. 28,500 1,004,549 969,000
General Dynamics Corp. 12,500 527,984 543,750
General Electric Company 22,500 1,082,035 1,147,500
Harsco Corp. 9,500 373,445 388,313
Honeywell Inc. 17,500 543,084 551,250
Minnesota Mining & Manufacturing Co. 20,000 932,042 1,067,500
</TABLE>
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<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Tenneco, Inc. 29,000 1,304,446 1,232,500
United Technologies Corp. 12,000 597,936 754,500
AETNA Life & Casualty Company 17,500 914,168 824,688
American Express.Company 30,200 645,230 890,900
Barnett Banks Inc. 8,500 335,198 327,250
Comerica, Inc. 18,000 439,575 438,750
Corestates Financial Corp. 25,000 695,758 650,000
First Chicago Corp. 3,900 185,484 186,225
Integra Financial Corp. 2,600 100,540 106,925
Lincoln National Corporation 10,000 414,958 350,000
Marsh & McLennan Cos., Inc. 7,500 595,737 594,375
Meridian Bancorp. Inc. 25,000 781,607 665,625
J.P. Morgan & Co., Inc. 10,000 628,600 561,250
St. Paul Companies, Inc. 18,500 698,320 827,875
Shawmut National Corp. 35,500 788,880 581,312
Union Camp Corp. 18,500 837,119 871,812
U.S. Bancorp. Ore. 25,500 646,937 576,937
Westvaco Corp. 5,100 162,770 200,175
Witco Corp. 22,000 464,699 542,432
Alltel Corp. 14,000 327,536 421,750
National Fuel Gas Co. 26,000 837,454 663,000
Questar Corp. 25,000 803,610 687,500
Rochester Telephone Corp. 9,000 203,000 190,125
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Sonat Inc. 31,000 876,618 868,000
U.S. West Inc. 22,500 915,725 801,563
Amoco Corp. 13,500 734,622 798,187
Atlantic Richfield Co. 6,400 670,776 651,200
Chevron Corp. 10,000 420,300 446,250
Dresser Inds. Inc. 17,000 339,308 320,875
Exxon Corp. 20,500 1,289,284 1,245,375
McDermott International 25,000 711,569 618,750
Occidental Petroleum Corp. 42,500 819,712 818,125
Texaco, Inc. 11,000 670,871 658,625
USX-Marathon Group 58,500 1,111,518 957,938
Union Pacific Corp. 10,500 530,411 476,438
Dow Chemical Company 17,000 1,127,633 1,143,250
E.I. DuPont De Nemours & Co. 18,500 822,442 1,038,313
Eastman Chemical Company 12,500 502,776 631,250
Freeport McMoran Copper & Gold, Inc. 875 17,500 18,594
Freeport McMoran Inc. 70,000 1,271,595 1,242,500
W.R. Grace 26,000 909,403 1,004,250
Kimberly Clark Corp. 18,500 942,180 931,938
Monsanto Co. 13,000 769,484 916,500
General Motors Corp. preferred stock Series C
representing 1/10 shares 14,500 824,829 831,938
RJR Nabisco Holdings Corp. Series C depositary
shares representing 1/10 of a share of Series
C conversion preferred stock 100,000 650,000 600,000
----------- -----------
Subtotal Entergy Stock Income Fund $45,833,196 $46,443,501
=========== ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
ENTERGY BALANCED FUND:
Anheuser Busch Company Inc. 400 $20,208 $20,350
Avon Products, Inc. 400 23,334 23,900
Colgate Palmolive Co. 300 17,126 19,012
Conagra, Inc. 400 12,460 12,500
PepsiCo Inc. 1,600 55,250 58,000
Philip Morris Cos. Inc. 1,100 59,309 63,250
Proctor & Gamble Company 300 17,078 18,600
Sara Lee Corp. 700 14,368 17,675
UST Inc. 900 22,965 25,087
Whitman Corp. 1,100 17,312 18,975
Abbott Labs 800 22,128 26,100
Amgen, Inc. 500 24,901 29,500
Columbia/HCE Healthcare Corp. 600 23,939 21,900
Johnson & Johnson 1,000 41,285 54,750
Lilly Eli & Company 200 12,055 13,125
Mallinckrodt Group Inc. 700 24,366 20,912
Medtronic Inc. 500 24,158 27,812
Merck & Company Inc. 700 22,415 26,687
Millipore Corp. 300 13,971 14,512
Pfizer Inc. 200 15,305 15,450
Schering Plough Corp. 200 14,180 14,800
Service Corp. Intl. 300 7,845 8,325
Albertsons, Inc. 1,300 38,870 37,700
Capital Cities ABC Inc. 100 7,765 8,525
Chrysler Corp. 600 31,851 29,400
Dana Corp. 1,000 26,388 23,500
Walt Disney Co. 200 9,479 9,200
Dun & Bradstreet Corp. 500 28,539 27,500
Eastman Kodak Company 800 34,817 38,200
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Eaton Corp. 500 26,976 24,750
Fleetwood Enterprises Inc. 300 6,718 5,625
Ford Motor Company Del. 2,000 60,315 55,750
Gannett Company Inc. 400 21,808 21,300
Gap Inc. Del. 500 20,533 15,250
General Motors Corp. 500 28,724 21,063
Goodyear Tire & Rubber Company 900 35,367 30,263
Home Depot 800 34,205 36,800
Knight Ridder Inc. 300 17,368 15,150
Mattel Inc. 500 12,138 12,563
PPG Industries Inc. 700 27,843 25,988
Price/Costco Inc. 1,400 21,036 18,025
Reebok International Ltd. 400 13,108 15,800
Sears Roebuck & Company 500 23,292 23,000
Toys R Us Inc. 400 14,314 12,250
Wal Mart Stores Inc. 1,900 46,686 40,375
Applied Materials Inc. 200 8,207 8,450
Hewlett Packard Company 500 48,410 49,938
Intel Corp. 300 18,125 19,162
International Business Machines 700 48,517 51,450
LAM Research Corp. 200 5,950 7,450
Parker Hannifin Corp. 300 13,657 13,650
Sybase, Inc. 100 4,710 5,200
Tandem Computer Inc. 500 8,763 8,563
Texas Instruments, Inc. 300 19,657 22,462
Xerox Corp. 500 48,207 49,500
Allied Signal 600 20,565 20,400
Boeing Company 300 13,432 14,100
Caterpillar Inc. 200 11,027 11,025
Deere & Company 300 23,571 19,875
Dial Corporation 200 4,427 4,250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Equifax Inc. 100 2,377 2,638
General Electric Company 1,800 105,268 91,800
General Signal Corp. Com. 300 10,065 9,562
Ogden Projects, Inc. 400 6,084 6,150
Raytheon Company 200 12,304 12,775
Tenneco Inc. 600 30,289 25,500
Tyco International Ltd. 100 4,777 4,750
Webb Del. Corp. 200 2,904 3,525
AETNA Life & Casualty Company 300 16,808 14,138
American Express Company 900 24,319 26,550
Bank of Boston Corp. 300 6,981 7,762
Barnett Banks Inc. 200 8,329 7,700
CIGNA Corp. 200 14,205 12,725
Chemical Banking Corporation 400 14,833 14,350
Citicorp Corp. 600 23,601 24,825
Dean Witter Discover & Co. 300 11,820 10,163
First Bank System Inc. 100 3,289 3,320
First Interstate Bancorp 200 14,218 13,525
First Union Corp. 300 14,183 12,413
Fleet Financial Group, Inc. 700 24,440 22,662
Keycorp 200 6,430 5,000
Lincoln Natl. Corp. Ind. 500 20,036 17,500
Marsh & McLennan Cos. Inc. 600 49,949 47,550
Nationsbank Corp. 900 45,158 40,612
Shawmut National Corp. 100 2,115 1,638
Weyerhaeuser Co. 700 32,465 26,250
AT&T Corp. 400 21,165 20,100
Anadarko Petroleum Corp. 600 29,152 23,100
Bell South Corp. 400 23,465 21,650
GTE Corp. 2,300 71,253 69,863
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
MCI Communications 400 7,691 7,350
NYNEX Corp. 400 14,858 14,700
Peco Energy Company 600 16,137 14,700
Pacific Gas & Electric Company 2,700 74,480 65,813
Pacific Telesis Group 1,700 50,308 48,450
Panhandle Eastern Corp. 1,000 21,145 19,750
San Diego Gas & Electric Co. 500 8,950 9,625
Southwestern Bell Corp. 400 15,883 16,150
Sprint Corp. 700 23,249 19,338
Unicom Corp. 1,600 43,032 38,400
Amoco Corp. 700 41,020 41,387
Chevron Corp. 700 30,020 31,238
Exxon Corp. 800 50,120 48,600
Mobil Corp. 400 32,058 33,700
Phillips Petroleum Co. 1,200 38,182 39,300
Delta Air Lines Inc. Del. 500 20,950 25,250
Norfolk & Southern Corp. 100 6,890 6,063
Ryder System Inc. 500 11,450 11,000
UAL Corp. 150 14,379 13,106
Ball Corp. 400 10,358 12,600
British Steel PLC ADR 700 17,185 16,975
Dow Chemical Company 300 21,722 20,175
E.I. de Nemours Du Pont & Co. 1,500 87,995 84,188
Georgia Pacific Corp. 200 15,054 14,300
Hercules Inc. 500 55,254 57,687
International Paper 200 15,655 15,075
Louisiana Pacific Corp. 100 3,965 2,725
Mead Corporation 1,200 52,329 58,350
Monsanto Company 200 13,979 14,100
Morton International, Inc. 300 10,465 8,550
Phelps Dodge Corp. 500 29,512 30,937
---------- ----------
Subtotal Entergy Balanced Fund $2,897,880 $2,844,352
---------- ----------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
ENTERGY STOCK GROWTH FUND:
Coca Cola 5,100 $222,720 $262,650
Duracell Intl. 5,000 210,769 216,875
Gillette Company 2,400 156,825 179,700
Centocor Inc. 6,400 104,350 104,000
Chiron Corp. 1,300 86,949 104,488
HBO & Co. 4,400 120,937 151,250
Humana Inc. 6,600 145,995 149,325
Pfizer Inc. 3,200 235,439 247,200
Smithkline Beechman PLC ADR's 1,500 49,663 51,375
United Healthcare Corp. 6,200 262,282 279,775
Value Health Inc. 3,000 114,627 111,750
CUC Intl. Inc. 5,100 154,516 169,575
Walt Disney Co. 5,400 236,417 248,400
Harcourt General, Inc. 2,800 97,173 98,700
Heilig Meyers Company 4,400 128,436 109,314
Home Depot 5,100 219,567 234,600
Kohls Corp. 2,800 133,551 111,300
Lone Star Steakhouse Saloon 3,600 88,877 72,000
Lowes Cos. Inc. 3,500 118,240 121,625
McDonalds Corp. 6,800 199,138 198,900
McGraw Hill, Inc. 2,000 137,592 133,750
Omnicom Group Inc. 2,700 131,300 139,725
Phycor Inc. 5,700 121,121 152,475
Reuters Holdings PLC Ord. B 3,900 170,138 171,113
Scholastic Corp. 2,500 102,188 127,500
Shaw Industries Inc. 4,100 80,095 60,987
Adobe Systems Incorporated 4,400 127,243 130,900
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Amphenol Corp. 6,900 156,649 165,600
Applied Materials Inc. 1,800 83,371 76,050
Autodesk, Inc. 5,200 148,264 206,050
Cisco Systems Inc. 5,900 173,564 207,238
Compaq Computer Corp. 5,100 187,928 201,450
Computer Assoc. Intl. Inc. 3,500 143,640 169,750
EMC Corp. Mass. 5,500 118,531 120,830
Telefonaktiebolaget LM Ericson ADR 2,000 96,929 110,250
Hewlett Packard Company 3,800 329,237 379,525
Infosoft International Inc. 2,900 58,259 101,862
Intel Corp. 4,100 257,550 261,887
LSI Logic Corp. 3,700 148,602 149,387
Microsoft Corp. 4,900 244,539 299,512
Micro Warehouse Inc. 4,600 110,172 161,000
Motorola Inc. 6,400 332,135 371,200
Novell Inc. 6,800 142,381 116,450
Starbucks Corp. 3,400 86,132 93,500
Sybase, Inc. 3,400 154,618 176,800
Symbol Technologies Inc. 5,600 127,790 172,900
Boeing Company 3,600 166,112 169,200
Clear Channel Communications 3,100 150,140 157,325
Harnischfeger Industrice Inc. 4,200 112,179 118,125
Hilton Hotels Corp. 1,700 110,708 115,600
International Rectifier Corp. 4,400 99,382 106,700
American International Group Inc. 2,100 198,222 205,800
H&R Block Inc. 2,300 102,357 85,388
Boatmen's Bancshares Inc. 4,300 129,676 116,638
Federal National Mortgage Assn. 1,600 129,140 116,600
First Financial Management Corp. 2,500 144,011 154,062
Fleet Financial Group, Inc. 3,700 129,751 119,787
National RE Corp. 5,800 151,119 152,250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
MCI Communications 5,800 143,068 106,575
Conrail, Inc. 1,700 99,299 85,850
American Greetings Corp. 4,600 131,553 124,200
Nokia Corp., sponsored ADR preferred 1,300 95,111 97,500
----------- -----------
Subtotal Entergy Stock Growth Fund $ 9,148,267 $ 9,712,093
----------- -----------
Total domestic securities $63,274,430 $64,341,271
----------- -----------
</TABLE>
<PAGE>
<TABLE>
<CAPTION
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Foreign securities:
ENTERGY STOCK INCOME FUND:
Imperial Oil Ltd. 25,500 $ 831,286 $ 841,500
Transcanada Pipelines Ltd. 52,500 749,631 643,125
YPF Sociedad Anonima 31,000 688,721 662,625
---------- ----------
Subtotal Entergy Stock Income Fund $2,269,638 $2,147,250
---------- ----------
ENTERGY BALANCED FUND:
Unilever NV New York 300 $ 32,944 $ 34,950
Imperial Oil Ltd. 1,100 37,396 36,300
---------- ----------
Subtotal Entergy Balanced Fund $ 70,340 $ 71,250
---------- ----------
ENTERGY STOCK GROWTH FUND
Vodafone Group PLC 4,600 $ 150,294 $ 154,675
YPF Sociedad Anonima 4,800 123,573 102,600
----------- -----------
Subtotal Entergy Stock Growth Fund $ 273,867 $ 257,275
----------- -----------
Total foreign securities $ 2,613,845 $ 2,475,775
----------- -----------
Total other equity securities $65,888,275 $66,817,046
=========== ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
U.S. Treasury and goverment agency securities:
ENTERGY STABLE INCOME FUND:
FHLM (4.048% due 8/1/23) 1,170,522 1,206,369 1,170,522
FHLM (Var. rate due 5/15/08) 447,328 447,188 434,745
FFCS (Discount bonds due 4/25/95) 1,600,000 1,556,736 1,568,800
FHLM (5.518% due 1/1/23) 644,318 651,228 644,318
FNMA (7.56% Deb. prin. strips due 12/20/01) 3,100,000 2,625,033 2,665,039
FNMA (Var. rate due 4/29/96) 1,425,000 1,425,000 1,410,750
FNMA (4.283% due 1/1/24) 2,696,408 2,755,392 2,696,408
FHLM (7.0% due 3/1/06) 617,507 622,190 577,066
GNMA II Pool (5.5% due 10/20/23) 1,135,877 1,169,776 1,135,877
GNMA II Pool (6.0% due 11/20/23) 1,122,301 1,168,947 1,122,301
GNMA II Pool (5.0% due 3/20/24) 987,804 996,756 987,804
GNMA II Pool (5.0% due 4/20/24) 1,439,435 1,379,159 1,439,435
GNMA II Pool (5.5% due 5/20/24) 1,240,314 1,258,531 1,240,314
GNMA II Pool (6.0% due 8/20/24) 1,395,066 1,359,099 1,395,066
GNMA Pool (6.5% due 12/20/24) 331,500 323,316 331,500
GNMA Pool (9.5% due 6/15/20) 305,188 329,746 314,680
GNMA Pool (9.5% due 1/15/19) 504,028 532,538 519,447
GNMA Pool (9.5% due 6/15/18) 591,656 634,132 609,820
GNMA Pool (9.5% due 3/15/19) 340,045 367,408 350,464
GNMA Pool (9.5% due 2/15/20) 76,106 82,230 78,470
GNMA Pool (9.5% due 5/15/20) 260,672 281,648 268,623
GNMA Pool (9.5% due 7/15/20) 290,467 313,841 299,273
GNMA Pool (9.5% due 2/15/21) 278,470 294,221 286,955
GNMA Pool (9.5% due 5/15/21) 38,872 42,000 40,053
GNMA Pool (9.5% due 11/15/21) 358,172 386,993 369,390
GNMA Pool (9.5% due 7/15/22) 130,419 137,796 134,491
U.S. Treasury Note (7.25% due 8/31/96) 3,000,000 2,984,062 2,983,590
U.S. Treasury Note (6.75% due 5/31/97) 4,850,000 4,815,241 4,740,147
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
U.S. Treasury Note (4.625% due 8/15/95) 125,000 126,311 123,281
U.S. Treasury Note (4.625% due 2/15/96) 4,000,000 3,906,875 3,882,520
U.S. Treasury Note (4.375% due 8/15/96) 3,000,000 2,855,156 2,855,640
Bankamerica Corp. (7.25% due 2/3/97) 500,000 507,305 489,850
----------- -----------
Subtotal Entergy Stable Income Fund $37,542,223 $37,166,639
----------- -----------
ENTERGY BALANCED FUND:
U.S. Treasury Note (8.125% due 8/15/21) 370,000 $ 399,460 $ 376,131
U.S. Treasury Note (7.50% due 11/15/01) 700,000 702,844 687,533
U.S. Treasury Note (4.375% due 8/15/96) 1,545,000 1,494,387 1,470,655
U.S. Treasury Note (6.875% due 7/31/99) 10,000 9,779 9,634
U.S. Treasury Note (6.875% due 8/31/99) 80,000 77,150 77,050
U.S. Treasury Note (7.875% due 11/15/04) 652,000 652,138 654,041
----------- -----------
Subtotal Entergy Balanced Fund $ 3,335,758 $ 3,275,044
----------- -----------
Total U.S. Treasury and goverment
agency securities $40,877,981 $40,441,683
=========== ===========
Other corporate securities:
ENTERGY BALANCED FUND:
Capital Cities/ABC Inc. (8.75% due 8/15/21) 30,000 $ 30,909 $ 30,369
E.I. de Nemours Du Pont & Co. (8.45% due 10/15/96) 20,000 20,972 20,192
GTE Corporation (8.75% due 11/1/21) 10,000 11,084 9,816
H.J. Heinz Company (5.5% due 9/15/97) 10,000 9,940 9,451
Loral Corp. (8.375% due 6/15/24) 30,000 29,157 27,957
Mobil Corporation (8.625% due 8/15/21) 30,000 32,165 30,300
Morgan Stanley Group Inc. (7.50% due 2/1/24) 30,000 25,885 24,630
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Pacific Bell (8.70% due 6/15/01) 30,000 31,125 30,735
Pepsico Inc. (7.0% due 11/15/96) 15,000 15,311 14,809
St. Paul Companies Inc. (9.375% due 6/15/97) 30,000 32,011 31,002
Scott Paper Company (9.75% due 10/1/97) 15,000 16,384 15,573
Sprint Corporation (9.25% due 4/15/22) 30,000 32,763 30,813
Torchmark Corp. (7.875% due 5/15/23) 10,000 9,599 8,742
---------- ----------
Subtotal Entergy Balanced Fund $ 297,305 $ 284,389
---------- ----------
ENTERGY STABLE INCOME FUND:
AFC Home Equity Loan Trust(6.00% due 1/20/13) 98,546 $ 98,422 $ 90,967
AFC Home Equity Loan Trust (5.90% due 5/20/08) 441,618 404,012 407,658
Advanta Mortgage Loan Trust(5.50% due 3/25/10) 895,505 894,525 824,402
Advanta Mortgage Loan Trust (7.27% due 11/25/08) 849,082 844,969 838,978
Advanta Mortgage Loan Trust (7.15% due 6/25/08) 463,041 475,596 450,863
American General Finance Corp. (6.70% due 6/16/97) 2,100,000 2,091,831 2,034,480
Bank of Boston (9.50% due 8/15/97) 3,376,000 3,632,861 3,474,917
Baybanks Inc. ( Variable rate due 9/30/97) 1,700,000 1,687,250 1,687,250
Capital Auto Receivables (5.35% due 2/15/98) 800,000 799,875 781,200
Capital Auto Rec. Auto Trust (4.6% due 10/15/98) 1,629,384 1,624,292 1,563,231
Charter Equipment Lease Trust (7.40% due 10/25/01) 3,172,327 3,170,840 3,124,743
Chase Manhattan Corporation (8.50% due 3/1/96) 800,000 861,384 805,200
Chase Manhattan Corporation (7.75% due 11/1/99) 1,575,000 1,610,296 1,527,750
Chemical Banking Corp. (7.375% due 6/15/97) 1,675,000 1,686,306 1,646,023
Chrysler Finance Corp. (5.20% due 11/12/96) 150,000 149,815 140,220
Chrysler Finance Crop. (9.50% due 4/12/96) 2,000,000 2,177,840 2,030,000
Chrysler Financial Corp. (6.0% due 4/15/96) 1,000,000 1,025,180 980,630
Citicorp Medium Term Notes (8.42% due 2/12/97) 600,000 656,928 599,340
Citicorp Note (8.75% due 11/1/96) 1,200,000 1,325,016 1,213,800
Contimortgage Home Equity (8.09% due 8/15/08) 3,087,418 3,133,729 3,094,827
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Dean Witter Discover & Co. (6.0% due 3/1/98) 600,000 609,252 564,120
Dean Witter Discover & Co. (5.0% due 4/1/96) 600,000 599,334 581,580
EQCC Home Equity (Variable rate due 12/15/08) 1,908,726 1,917,077 1,770,725
Equacredit Home Equity (6.34% due 1/15/04) 3,223,001 3,223,001 3,181,747
Equicon Home Equity (5.15% due 9/18/11) 2,172,460 2,151,075 2,128,359
FDIC Remic Trust (6.30% due 9/25/25) 636,012 635,813 629,944
FPC Group Cap, Inc. (6.50% due 7/1/97) 400,000 400,000 385,720
First Chicago Corp. (9.0% due 6/15/99) 750,000 853,230 762,150
First Inst. Bancorp (10.5% due 3/1/96) 950,000 1,037,559 978,405
First Union Corp. (8.125% due 12/15/96) 900,000 963,993 901,440
First USA Bank (5.05% due 12/27/95) 1,000,000 987,092 974,480
Fleet Finl. Group Inc. (5.625% due 7/1/95) 1,100,000 1,097,603 1,093,180
Fleet Financial Group (7.25% due 10/15/97) 1,675,000 1,667,680 1,637,648
Ford Motor Credit (6.15% due 12/15/95) 1,000,000 1,019,490 985,300
Ford Motor Credit (Variable rate due 7/12/96) 625,000 625,000 622,266
General Motors Acceptance Corp. (7.75% due 2/20/97) 1,000,000 1,057,410 988,800
General Motors Acceptance Corp. (7.5% due 5/19/97) 425,000 443,080 416,203
Georgia Pacific Corp. (10.0% due 6/15/97) 1,202,000 1,377,890 1,225,679
Georgia Power Co. (4.75% due 3/1/96) 500,000 498,490 485,200
Great Northern Nekoosa Corp. (9.125% due 2/1/98) 350,000 397,985 355,740
Green Tree Financial Corp. (7.05% due 1/15/18) 1,225,000 1,288,930 1,182,860
Green Tree Financial Corp. (6.10% due 7/15/18) 600,000 598,688 558,900
Green Tree Financial Corp. (5.86% due 1/15/19) 1,575,000 1,574,508 1,432,305
Green Tree Financial Corp. (5.60% due 4/15/19) 2,443,634 2,398,961 2,349,554
Green Tree Securitized (6.90% due 2/15/04) 2,223,714 2,222,671 2,113,907
Rabo Bank Yen-PT Spr. (CD due 1/24/95) 400,000 400,000 378,360
Health & Retirement Prop. (Var. rate due 7/13/99) 3,400,000 3,368,447 3,391,432
Home Equity Loan Trust (6.65% due 11/20/12) 154,307 153,584 148,659
Household Finance Corp (9.375% due 2/15/96) 500,000 552,400 508,750
Household Finance Corp. (Var. rate due 5/20/08) 714,260 715,487 714,688
Houston Industries Inc. (7.25% due 12/1/96) 1,625,000 1,715,513 1,599,650
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Intel Overseas Corp. (Zero coupon due 5/15/95) 500,000 436,310 487,950
International Lease Finance (5.6% due 4/1/97) 200,000 194,226 189,980
International Lease Finance (5.5% due 4/1/97) 1,325,000 1,306,224 1,258,088
MBNA Master Credit (7.75% due 10/15/98) 385,000 404,009 383,768
Martin Marietta Corp. (8.5% due 3/1/96) 1,000,000 1,065,870 1,006,500
Masco Corp. (6.25% due 6/15/95) 500,000 508,680 498,550
Merrill Lynch Mortgage (7.4% due 7/15/17) 300,000 292,078 295,500
Merrill Lynch (Var. rate due 4/7/97) 1,375,000 1,366,406 1,355,104
Merrill Lynch & Co. Inc. (5.5% due 7/28/95) 750,000 749,027 742,950
Morgan Stanley Group Inc. (9.875% due 5/1/95) 500,000 546,685 504,450
Morgan Stanley Group Inc (8.0% due 10/15/96) 700,000 720,951 698,740
Morgan Stanley Group Inc. (7.32% due 1/15/97) 1,065,000 1,078,708 1,052,752
Morgan Stanley Group Inc. (5.65% due 6/15/97) 665,000 635,554 627,361
NCNB Corp. (8.5% due 11/1/96) 545,000 586,453 556,243
Nissan Auto Receivable (6.45% due 9/15/99) 3,025,411 3,023,047 2,992,434
Novus Home Equity (Var. rate due 12/31/03) 2,055,339 2,062,404 2,055,339
OCSS Home Equity (6.55% due 11/25/07) 192,935 192,874 182,439
OCSS Home Equity (5.85% due 3/15/08) 1,096,227 1,108,046 1,016,422
Occidental Petroleum Corp. (10.75% due 5/1/98) 1,400,000 1,491,184 1,424,500
Occidental Petroleum Corp. (9.5% due 8/15/97) 1,300,000 1,385,410 1,332,890
Occidental Petroleum Corp. (5.37% due 9/11/95) 375,000 375,000 368,212
Olympic Automobile Rec. Trust (5.65% due 1/15/01) 3,025,955 2,966,617 2,920,954
RJR Nabisco Inc. (9.25% due 5/1/95) 275,000 297,490 276,925
RJR Nabisco Inc. (5.25% due 9/15/95) 700,000 695,331 690,550
Resolution Trust Corp. (7.5% due 8/25/23) 277,086 284,576 282,434
Resolution Trust Corp. (Var. rate due 12/25/20) 3,002,575 3,038,231 3,030,724
SPNB Home Equity (7.85% due 5/15/98) 108,968 112,492 108,662
SPNB Home Equity (8.15% due 6/15/20) 560,435 589,682 552,364
Salomon Inc. (9.375% due 4/15/98) 550,000 582,367 562,210
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Salomon Inc. (9.75% due 7/15/97) 675,000 769,156 692,212
Salomon Inc. (7.05% due 1/15/98) 250,000 257,463 240,250
Salomon Inc. (6.36% due 4/1/98) 125,000 125,000 117,325
Salomon Inc. (5.88% due 7/29/97) 750,000 750,000 705,750
Salomon Inc. (Var. rate due 4/5/99) 750,000 750,000 705,000
Sears Roebuck & Co. (7.72% due 3/10/97) 125,000 133,016 123,887
Sears Roebuck & Co. (9.15% due 3/20/95) 425,000 456,510 427,478
Shawmut Corp. (8.875% due 4/1/96) 1,275,000 1,357,989 1,291,957
Shawmut Corp. (8.125% due 2/1/97) 240,000 245,825 239,784
Smith Barney Holdings, Inc. (6.0% due 3/15/97) 3,525,000 3,499,129 3,367,785
TMS Trust (7.625% due 10/15/04) 2,000,000 1,999,375 1,990,000
TMS Trust (8.75% due 1/15/21) 2,000,000 1,999,062 1,989,400
The Money Store (6.9% due 7/15/07) 594,567 600,246 577,086
TMS Home Equity (5.675% due 2/15/09) 2,361,880 2,375,166 2,200,800
TMS Home Equity (6.775% due 9/1/07) 3,083,222 3,089,965 3,046,532
Taubman Realty Group (Var. rate due 11/3/97) 1,775,000 1,772,107 1,771,965
Tax Collections Trust (5.45% due 6/15/97) 360,036 359,964 357,876
Tele Communications Inc. (6.16% due 8/19/96) 1,125,000 1,161,720 1,086,413
Tele Communications Inc. (9.875% due 4/1/98) 1,000,000 1,152,370 1,036,100
Tele Communications Inc. (9.25% due 4/15/02) 650,000 756,464 665,990
Tenneco Corp. (11.0% due 11/15/95) 2,556,000 2,692,235 2,642,265
Tennessee Gas Pipeline Co. (9.0% due 1/15/97) 525,000 559,628 534,844
Time Warner Entertainment (9.625% due 5/1/02) 3,900,000 4,608,474 3,924,180
Transamerica Finance Group (8.3% due 5/1/95) 150,000 159,423 150,690
Transamerica Finance Corp. (6.75% due 1/15/98) 600,000 600,000 576,480
QCFC Loan Trust (6.075% due 7/25/14) 1,594,544 1,597,172 1,480,853
UCFC Home Equity (6.775% due 3/10/05) 2,884,750 2,883,848 2,843,209
Unocal (9.625% due 5/15/95) 500,000 550,180 505,450
Wells Fargo & Company (8.35% due 11/1/96) 500,000 547,560 498,550
World Omni 1994-B Automobile Lease (7.95% due 1/25/01)3,000,000 2,995,781 2,995,770
Xerox Cr. Corp. ( 5.375% due 7/15/95) 500,000 498,780 495,900
------------ ------------
Subtotal Entergy Stable Income Fund: $134,301,754 $129,101,006
------------ ------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27a - Schedule of Assets Held for Investment Purposes (Concluded)
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Shares Current
Description Face/Amount Cost Value
<S> <C> <C> <C>
Foreign Obligations:
Entergy Stable Income Fund:
Corporacion Andina de Formento (6.625% Due 10/14/98) 1,625,000 $ 1,479,075 $ 1,479,075
Inco Euro Note (7.988% Due 4/29/96) 1,000,000 1,021,900 1,028,800
Forte PLC (7.75% Due 12/19/96) 1,200,000 1,274,712 1,184,172
Forte PLC NCL (7.75% Due 12/19/96) 600,000 614,334 592,086
Goldman Sachs Euro Notes (5.00% Due 8/23/96) 2,000,000 1,934,560 1,905,000
Hospital Corp. of America European NT
(10.75% Due 10/21/95) 1,484,000 1,552,149 1,517,390
Hospital Corp. of America (10.75% Due 10/21/95) 171,000 175,018 175,018
Westpac Banking Corp. Euro Notes (8.00% Due 5/28/96) 600,000 638,137 640,427
------------ ------------
Subtotal Entergy Stable Income Fund: $ 8,689,885 $ 8,521,968
------------ ------------
Total other corporate securities $143,288,944 $137,907,363
============ ============
Total investments $506,604,978 $548,193,244
============ ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SAVINGS PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES
Item 27d - Schedule of Reportable Transactions
December 31, 1994
E.I.N. 13-5550175 (Plan No. 003)
Description of Number of Purchase Price and Value Selling Price and Value Cost of Shares
Transactions Transactions at Transaction Date at Transaction Date Sold
Purchase Transactions
<S> <C> <C> <C> <C>
Execution Services Inc. 17 $ 31,540,256
Federated U.S.
Treasury Obligations 753 342,980,540
Tower MMA Institutional
Administrative Reserve 9 66,159,559
Selling Transactions
Federated U. S.
Treasury Obligations 565 $344,291,058 $344,291,058
Tower MMA Industrial
Administrative Reserve 8 66,159,559 66,159,559
* There were no significant expenses, gains or losses associated with the above
transactions.
</TABLE>
<PAGE>
SIGNATURE
The Plan. Pursuant to the requirements of the Securities and
Exchange Act of 1934, the Employee Benefits Committee has duly caused
this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
SAVINGS PLAN OF ENTERGY
CORPORATION AND SUBSIDIARIES
By: /s/ William O. VanAs
William O. VanAs
Director of
Employee Benefits
Dated: June 26, 1995
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the
registration statement of Entergy Corporation on Form S-8
(File No. 33-54298) of our report dated June 16, 1995, on
our audits of the financial statements of The Savings Plan
of Entergy Corporation and its Subsidiaries as of December
31, 1994 and 1993 and for the two years ended December 31,
1994 and 1993 which report is included in this Annual Report
on Form 11-K.
/s/ Coopers & Lybrand L.L.P.
COOPERS & LYBRAND L.L.P.
New Orleans, Louisiana
June 22, 1995
