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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )*
EXULT, INC.
(Name of Issuer)
COMMON STOCK, $ .0001 PAR VALUE
(Title of Class of Securities)
302284 10 4
(CUSIP Number)
OCTOBER 12, 2000
(Date of Event which Requires Filing of Statement)
Check the appropriate box to designate the Rule pursuant to
which this Schedule is filed:
Rule 13d - 1(b)
Rule 13d - 1(c)
Rule 13d - 1(d)
* The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this page shall
not be deemed to be "filed" for the purpose of Section 18 of
the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act
(however, see the Notes.)
(Continued on following page(s))
CUSIP No. 302284-10-4
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY):
BANK OF AMERICA CORPORATION 56-0906609
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
10,000,000
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6
OWNED BY EACH
REPORTING
PERSON WITH 7
8
0
SHARED VOTING POWER
10,000,000
SOLE DISPOSITIVE POWER
SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
10,000,000
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC, CO
Item 1(a). Name of Issuer:
Exult, Inc. ("Exult")
Item 1(b). Address of Issuer's Principal Executive
Offices:
4 Park Plaza, Suite 1000
Irvine, California 92614
Item 2(a). Name of Person Filing:
Bank of America Corporation
Item 2(b). Address of Principal Business Office or, if
None,
Residence:
Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28255
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Common Stock, $.0001 Par Value
Item 2(e). CUSIP Number:
302284-10-4
Item 3. If This Statement is Filed Pursuant to Rule
13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing
is a:
(a) Broker or dealer registered under Section 15
of the Exchange Act.
(b) Bank as defined in Section 3(a)(6) of the
Exchange Act.
(c) Insurance company as defined in Section
3(a)(19) of the Exchange Act.
(d) Investment company registered under Section 8
of the Investment Company Act.
(e) An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g)A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act;
(i)A church plan that is excluded from the
definition of an investment company under
Section 3(c)(14) of the Investment Company
Act;
(j)Group, in accordance with Rule 13d-
1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-
1(c), check this box.
Item 4. Ownership:
With respect to the beneficial ownership of the
reporting person, see Items 5 through 11 of the
cover pages to this Schedule 13G (p. 2), which are
incorporated herein by reference.
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the
fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of
more than five percent of the class of securities,
check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf
of
Another Person:
Not applicable.
Item 7. Identification and Classification of the
Subsidiary which
Acquired the Security Being Reported on By the
Parent
Holding Company:
Not applicable.
Item 8. Identification and Classification of Members
of the
Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were not acquired and are not held for the
purpose of or with the effect of changing or
influencing the control of the issuer of the
securities and were not acquired and are not held
in connection with or as a participant in any
transaction having that purpose or effect.
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: October 23, 2000
BANK OF AMERICA CORPORATION
By: /s/ David R. Smith
(Signature)
David R. Smith / Senior Vice
President
(Name/Title)
