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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 19)
THE LIMITED, INC.
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(Name of Issuer)
COMMON STOCK, $0.50 PAR VALUE 532716-10-7
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(Title of class of securities) (CUSIP number)
RAYMOND O. GIETZ, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
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(Name, address and telephone number of person authorized to
receive notices and communications)
MAY 3, 1999
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
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NYFS01...:\08\80808\0004\306\13D3119X.12D
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 532716-10-7 13D Page 2
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<S> <C>
1 NAME OF REPORTING PERSON: Leslie H. Wexner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: 51,885,582
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 6,233,317
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 52,426,980
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,233,317
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 58,660,297
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 25.7%
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14 TYPE OF REPORTING PERSON: IN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-10-7 13D Page 3
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1 NAME OF REPORTING PERSON: The Wexner Foundation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 883,317
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 883,317
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 883,317
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.4%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-10-7 13D Page 4
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1 NAME OF REPORTING PERSON: Health and Science Interests II
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 350,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 350,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 350,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.2%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-10-7 13D Page 5
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1 NAME OF REPORTING PERSON: The Wexner Children's Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 18,750,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 18,750,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 18,750,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.2%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 532716-10-7 13D Page 6
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1 NAME OF REPORTING PERSON: Harry, Hannah, David and Sarah Wexner Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 5,000,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 5,000,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,000,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.2%
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14 TYPE OF REPORTING PERSON: OO
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</TABLE>
SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 19 amends the Schedule 13D dated June 25, 1985,
as amended in certain respects by Amendments No. 1 through 18 thereto, filed by
a group currently comprised of Leslie H. Wexner, The Wexner Foundation, Health
and Science Interests II, The Wexner Children's Trust, and the Harry, Hannah,
David and Sarah Wexner Trust (collectively, the "Purchasers"), with respect to
the common stock, $0.50 par value per share (the "Common Stock"), of The
Limited, Inc. (the "Company").
Item 2. Identity and Background.
On September 11, 1998, Leslie H. Wexner contributed 5,000,000 shares
of Common Stock to the Harry, Hannah, David and Sarah Wexner Trust. The trustees
of such trust are Mr. Wexner and Jeffrey E. Epstein. Accordingly, the trust has
become a member of the Purchasers' group.
On February 1, 1999, the Harry, Hannah, and David Wexner Trust
disposed of all of its shares of Common Stock to Leslie H. Wexner. Accordingly,
such trust is no longer a member of the Purchasers' group.
An agreement among the Purchasers with respect to the filing of this
statement is attached hereto as Exhibit 2.
Item 4. Purpose of Transaction.
Pursuant to an Agreement, entered into as of May 3, 1999, among the
Company, Leslie H. Wexner, in his individual capacity and Leslie H. Wexner, as
Trustee of The Wexner Children's Trust (the "Agreement"), the parties agreed to
rescind for all purposes that certain Contingent Stock Redemption Agreement,
dated as of January 26, 1996 (filed as Exhibit A to Amendment No. 14 to the
Schedule 13D), and as amended on July 19, 1996, as if such Contingent Stock
Redemption Agreement was never of any force or effect. Accordingly, the
"Redemption Right" and the "Company Redemption Right", described in Item 6 of
Amendment No. 14 to the Schedule 13D have been rescinded.
A copy of the Agreement is attached hereto as Exhibit 1.
Item 5. Interest in Securities of the Issuer.
(a) The responses of the Purchasers to Rows (11) through (13) of the
cover pages of this Amendment No. 19 are incorporated herein by reference. As of
May 3, 1999, the Purchasers beneficially owned the number shares of the Common
Stock listed below, representing approximately the percentage of the outstanding
shares
7
<PAGE>
of Common Stock set forth opposite such number (the outstanding shares of Common
Stock, 228,165,712, being based on the number of shares outstanding as of March
26, 1999 as reported in the Company's Form 10-K for the fiscal year ended
January 30, 1999):
<TABLE>
<CAPTION>
Percent
Person Number of Shares of Class
------ ---------------- --------
<S> <C> <C>
1. Leslie H. Wexner 58,660,297 (1)(2)(3)(4)(5) 25.7%
2. The Wexner Foundation 883,317 (1) 0.4%
3. Health and Science 350,000 (2) 0.2%
Interests II
4. The Wexner Children's 18,750,000 (4) 8.2%
Trust
5. Harry, Hannah, David 5,000,000 (5) 2.2%
and Sarah Wexner Trust
</TABLE>
- ------------------------------
(1) Power to vote or direct the disposition of the 883,317 shares held by The
Wexner Foundation may be deemed to be shared by Leslie H. Wexner and
Jeffrey E. Epstein as the trustees of The Wexner Foundation. Leslie H.
Wexner and Jeffrey E. Epstein disclaim beneficial ownership of the shares
held by The Wexner Foundation.
(2) Power to vote or direct the disposition of the 350,000 shares held by
Health and Science Interests II may be deemed to be shared by Leslie H.
Wexner and Jeffrey E. Epstein as trustee thereof. Leslie H. Wexner and
Jeffrey E. Epstein disclaim beneficial ownership of shares held by Health
and Science Interests II.
(3) Includes 541,398 shares held in The Limited, Inc. Savings and Retirement
Plan for Mr. Wexner's account (as of March 31, 1999) over which he
exercises dispositive but not voting control. Also includes 437,610 shares
issuable upon exercise of options held by Mr. Wexner. Excludes 820 shares
and 254 options held directly by Mr. Wexner's spouse and 200,000 shares
held in a trust of which Mr. Wexner's spouse is a beneficiary, as to which
Mr. Wexner disclaims beneficial ownership.
(4) Power to vote or direct the disposition of the 18,750,000 shares held by
Leslie H. Wexner as the sole trustee of The Wexner Children's Trust.
(5) Power to vote or direct the disposition of the 5,000,000 shares held by
the Harry, Hannah, David and Sarah Wexner Trust may be deemed to be shared
by Leslie H. Wexner and Jeffrey E. Epstein as trustees of such trust.
8
<PAGE>
(b) The responses of the Purchasers to (i) Rows (7) through (10) of
the cover pages of this Amendment No. 19 and (ii) Item 5(a) hereof are
incorporated herein by reference.
(c) During the past 60 days, the Purchasers effected the following
transactions in the Common Stock:
<TABLE>
<CAPTION>
Date of Amount of Price per Where and
Person Transaction Securities Share How Effected
------ ----------- ---------- ----- ------------
<S> <C> <C> <C> <C>
Leslie H. Wexner 4/6/99 33,100 N/A Acquisition of shares as a
shares result of vesting of restricted
stock granted by the Company
on May 4, 1993 (net of 17,785
shares utilized for
withholding taxes).
</TABLE>
(d), (e): Not Applicable
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
The response to Item 4 of this Amendment No. 19 is
incorporated herein by reference.
Item 7. Material to be Filed as Exhibits
Exhibit 1 Agreement, entered into as of May 3, 1999, among The
Limited, Inc., Leslie H. Wexner, in his individual capacity
and Leslie H. Wexner, as Trustee of The Wexner Children's
Trust.
Exhibit 2 Joint Filing Agreement by and among Leslie H. Wexner, The
Wexner Foundation, Health and Science Interests II, The Wexner
Children's Trust, Harry, Hannah and David Wexner Trust, and
the Harry, Hannah, David and Sarah Wexner Trust, dated May 3,
1999.
9
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 3, 1999
LESLIE H. WEXNER
------------------------------------------
Leslie H. Wexner
THE WEXNER FOUNDATION
By: DARREN K. INDYKE
--------------------------------------
Darren K. Indyke, Secretary
HEALTH AND SCIENCE INTERESTS II
By: JEFFREY E. EPSTEIN
--------------------------------------
Jeffrey E. Epstein, Trustee
THE WEXNER CHILDREN'S TRUST
By: LESLIE H. WEXNER
--------------------------------------
Leslie H. Wexner, Trustee
HARRY, HANNAH AND DAVID WEXNER TRUST
By: JEFFREY E. EPSTEIN
--------------------------------------
Jeffrey E. Epstein, Trustee
HARRY, HANNAH, DAVID AND
SARAH WEXNER TRUST
By: JEFFREY E. EPSTEIN
--------------------------------------
Jeffrey E. Epstein, Trustee
10
<PAGE>
EXHIBIT INDEX
Exhibit No.
- -----------
Exhibit 1 Agreement, entered into as of May 3, 1999, among The
Limited, Inc., Leslie H. Wexner, in his individual capacity
and Leslie H. Wexner, as Trustee of The Wexner Children's
Trust.
Exhibit 2 Joint Filing Agreement by and among Leslie H. Wexner, The
Wexner Foundation, Health and Science Interests II, The Wexner
Children's Trust, Harry, Hannah and David Wexner Trust, and
the Harry, Hannah, David and Sarah Wexner Trust, dated May 3,
1999.
EXHIBIT 1
EXECUTION COPY
AGREEMENT
THIS AGREEMENT is made and entered into as of May 3, 1999 by and among
The Limited, Inc., a Delaware corporation (the "Company"), Leslie H. Wexner, in
his individual capacity (in such capacity, "Wexner"), and Leslie H. Wexner, as
Trustee (in such capacity, the "Trustee") of The Wexner Children's Trust under a
Trust Agreement dated January 24, 1996 (the "Trust").
RECITALS
WHEREAS, the Company desires to distribute its interest in Limited Too
pro rata to its shareholders (the "Limited Too Spin-Off") in a transaction which
will qualify for tax-free treatment under Section 355 of the Internal Revenue
Code of 1986, as amended; and
WHEREAS, the Company, Wexner and the Trustee are parties to a
Contingent Stock Redemption Agreement, dated as of January 26, 1996 and amended
on July 19, 1996 (as so amended, the "Contingent Stock Redemption Agreement");
and
WHEREAS, the parties desire to rescind the Contingent Stock Redemption
Agreement, including, without limitation, the credit support established by the
Company and its wholly-owned subsidiary, Special Funding, Inc., as required by
Section 3.06 of the Contingent Stock Redemption Agreement (the "Credit
Support"); and
WHEREAS, the Company desires to utilize approximately $351,000,000. of
cash presently restricted under the Credit Support, which will become
unrestricted upon the rescission of the Contingent Stock Redemption Agreement,
together with an additional approximately $449,000,000 of available cash, to
purchase in a modified "Dutch auction" tender offer (the "Tender Offer") shares
of the Company's common stock from shareholders other than Wexner and certain
related parties;
NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants of the parties hereto contained herein, the parties hereto
agree as follows:
<PAGE>
Section 1. Rescission of the Contingent Stock Redemption Agreement and
Credit Support. As of the date hereof, the Contingent Stock Redemption Agreement
shall be deemed, for all purposes, to be rescinded, as if such agreement was
never of any force or effect, with no further action required of any of the
parties hereto to effect such rescission. Without limiting the generality of the
foregoing sentence, the rescission of the Contingent Stock Redemption Agreement
shall terminate the Credit Support. Each of the parties agrees to take such
actions and to execute and deliver such instruments as may be reasonably
requested by the other to effectuate the transactions contemplated hereby,
including, without limitation, the termination of the Credit Support.
Section 2. Representations and Warranties of the Company. The Company
represents and warrants to Wexner and the Trustee that (a) the Company is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware and has the corporate power and authority to enter into
this Agreement and to carry out its obligations hereunder, (b) the execution and
delivery of this Agreement by the Company and the consummation by the Company of
the transactions contemplated hereby have been duly authorized by all necessary
corporate action on the part of the Company and no other corporate proceedings
on the part of the Company are necessary to authorize this Agreement or any of
the transactions contemplated hereby, and (c) this Agreement has been duly
executed and delivered by the Company and, assuming this Agreement constitutes a
valid and binding obligation of Wexner and the Trustee, constitutes a valid and
binding obligation of the Company and is enforceable against the Company in
accordance with its terms, except as the enforceability thereof may be limited
by bankruptcy, insolvency, moratorium or other similar laws affecting the
enforcement of creditors' rights generally and the availability of equitable
remedies may be limited by equitable principles of general applicability.
Section 3. Representations and Warranties of the Trustee. The Trustee
represents and warrants to the Company that (i) the Trust has been duly
constituted and is validly existing under the laws of the State of Ohio, and has
the requisite power and authority to enter into this Agreement and to carry out
its obligations hereunder, (ii) the execution and delivery of this Agreement by
the Trustee and the consummation by the Trustee of the transactions contemplated
hereby have been duly authorized by all necessary action under the Trust=s trust
agreement and no other proceedings on the part of the Trustee or any other
person are necessary to authorize this Agreement or any of the transactions
contemplated hereby, and (iii) this Agreement has been duly executed and
delivered by the Trustee and, assuming this Agreement constitutes a valid and
binding obligation of the Company and Wexner, constitutes a valid and binding
obligation of the Trustee and/or its successors in trust, enforceable in
accordance with its terms, except as the enforceability thereof may be limited
2
<PAGE>
by bankruptcy, insolvency, moratorium or other similar laws affecting the
enforcement of creditors= rights generally and the availability of equitable
remedies may be limited by equitable principles of general applicability.
Section 4. Representations and Warranties of Wexner. Wexner represents
and warrants to the Company that the Agreement has been duly executed and
delivered by Wexner and, assuming this Agreement constitutes a valid and binding
obligation of the Company and the Trustee, constitutes a valid and binding
obligation of Wexner, enforceable in accordance with its terms, except as the
enforceability thereof may be limited by bankruptcy, insolvency, moratorium or
other similar laws affecting the enforcement of creditors' rights generally and
the availability of equitable remedies may be limited by equitable principles of
general applicability.
Section 5. Covenants of Wexner. (a) Wexner agrees that he will not, and
will cause all members of his Immediate Family (as such term is defined in Rule
16a-1(e) under the Securities Exchange Act of 1934, as amended) who reside in
his household and any corporation, partnership, trust or other entity, all of
the stockholders, partners, owners or beneficiaries of which are Wexner or
members of his Immediate Family not to, tender any shares of Common Stock in the
Tender Offer.
(b) Immediately prior to the Limited Too Spin-Off and any other
spin-off or split-off of one or more businesses owned, directly or indirectly,
by the Company (any such transaction, including, without limitation, the Limited
Too Spin-Off, a "Spin-Off Transaction"), which Spin-Off Transaction occurs
within 24 months of the date of this Agreement, Wexner will, if required in
order for such Spin-Off Transaction to be tax-free under applicable law,
represent and warrant in writing to the Company and counsel to the Company that,
as of the effective date of such Spin-Off Transaction, none of Wexner, the
Wexner Children=s Trust, or any other person or entity described in Section 5(a)
of this Agreement has any then-current plan or intention to sell exchange,
transfer by gift or otherwise dispose of, after the effective date of the
Spin-Off Transaction, any stock in, or securities of, the Company and Limited
Too or any other business distributed to the Company=s shareholders pursuant to
that Spin-Off Transaction, as the case may be.
Section 6. Notices. All notices, requests, demands and other
communications hereunder shall be in writing and shall be either (i)
hand-delivered, (ii) delivered by reputable overnight courier delivery or (iii)
sent by telecopy (with receipt confirmed) and shall be deemed given upon
delivery when hand-delivered, or one business day after having been deposited
3
<PAGE>
with the overnight courier service or upon receipt of confirmation of
telecopier, addressed as follows (or to such other address as a party may
designate by notice to the other):
If to Wexner:
Leslie H. Wexner
c/o The Limited, Inc.
Three Limited Parkway
P.O. Box 1600
Columbus, OH 43216
Facsimile: (614) 415-7208
If to the Trustee:
The Wexner Children=s Trust
c/o The Limited, Inc.
Three Limited Parkway
P.O. Box 1600
Columbus, OH 43216
Attention: Leslie H. Wexner
Facsimile: (614) 415-7208
If to the Company:
The Limited, Inc.
Three Limited Parkway
P.O. Box 1600
Columbus, OH 43216
Attention: General Counsel
Facsimile: (614) 415-7188
Section 7. Counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed to be an original but all of which
together shall constitute one and the same document.
Section 8. Governing Law. This Agreement shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York.
Section 9. Assignment; Third Party Beneficiaries. This Agreement may
not be assigned by any of the parties hereto. Nothing in this Agreement,
expressed or implied, shall be construed to give any person other than the
4
<PAGE>
parties hereto and their successors any legal or equitable right, remedy or
claim under or by reason of this Agreement or any provision contained herein.
Section 10. Public Announcements. Wexner and the Company shall jointly
approve any public announcements relating to this Agreement or the transactions
contemplated hereby.
Section 11. Entire Agreement. This Agreement and any documents
delivered by the parties pursuant hereto, constitute the entire understanding
and agreement of the parties hereto with regard to the subject matter hereof and
thereof, and supersedes all prior agreements and understandings, written or
oral, between the parties relating to the subject matter hereof.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of the date first above written.
THE LIMITED, INC.
By: KENNETH B. GILMAN
-------------------------------
Name: Kenneth B. Gilman
Title: Vice Chairman
LESLIE H. WEXNER
LESLIE H. WEXNER
-----------------------------------
LESLIE H. WEXNER
-----------------------------------
LESLIE H. WEXNER
as Trustee of The
Wexner Children's Trust
5
Exhibit 2
JOINT FILING AGREEMENT
This will confirm the agreement by and among all the undersigned that the
Schedule 13D filed on or about this date and any amendments thereto with respect
to beneficial ownership by the undersigned of shares of the common stock, par
value $0.50 per share, of The Limited, Inc. is being filed on behalf of each of
the undersigned in accordance with Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934. This agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated: May 3, 1999
LESLIE H. WEXNER
------------------------------------------
Leslie H. Wexner
THE WEXNER FOUNDATION
By: DARREN K. INDYKE
--------------------------------------
Darren K. Indyke, Secretary
HEALTH AND SCIENCE INTERESTS II
By: JEFFREY E. EPSTEIN
--------------------------------------
Jeffrey E. Epstein, Trustee
THE WEXNER CHILDREN'S TRUST
By: LESLIE H. WEXNER
--------------------------------------
Leslie H. Wexner, Trustee
HARRY, HANNAH AND DAVID WEXNER TRUST
By: JEFFREY E. EPSTEIN
--------------------------------------
Jeffrey E. Epstein, Trustee
HARRY, HANNAH, DAVID AND
SARAH WEXNER TRUST
By: JEFFREY E. EPSTEIN
--------------------------------------
Jeffrey E. Epstein, Trustee
NYFS01...:\08\80808\0004\306\13D3119X.12D
