NORTHROP GRUMMAN CORP
SC 13G/A, 2000-02-04
AIRCRAFT
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<PAGE>
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                SCHEDULE 13G

                 Under the Securities Exchange Act of 1934
                          (Amendment No.   4   )*
                                         ------


                        NORTHROP GRUMMAN CORPORATION
- --------------------------------------------------------------------------------
                              (Name of Issuer)


                                Common Stock
- --------------------------------------------------------------------------------
                       (Title of Class of Securities)


                                666807102
                     ----------------------------------
                              (CUSIP Number)


   Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership or more than five percent of the
classs of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13G-7.)

   *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 the disclosures provided in a prior page.

   The information required in the remainder of this cover 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))

                               Page 1 of 4 Pages
                                        ---

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CUSIP No. 666807102              13G                  Page  2 of  4 Pages
          ---------                                        ---   ---

- -------------------------------------------------------------------------------
 (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
     Persons

     U.S. Trust Company, National Association Tax id# 95-4311476
     as Trustee for Northrop Grumman Corp. Master Trust Fd
- -------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member   (a)  / /
     of a Group*                             (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC Use Only

- -------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization

     515 S. Flower St. #2800 Los Angeles, CA 90071 USA
- -------------------------------------------------------------------------------
 Number of Shares             (5) Sole Voting Power
 Beneficially
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting Power
 Person With:                                            8,910,704
                             --------------------------------------------------
                              (7) Sole Dispositive Power

                             --------------------------------------------------
                              (8) Shared Dispositive Power
                                                         8,910,704
- -------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person
                                                         8,910,704
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
                                                         12.8
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
     E.P.
- -------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

                                                    Page  3 of  4 Pages
                                                         ---   ---
ITEM 1(A).     NAME OF ISSUER

               Northrop Grumman Corporation
- -------------------------------------------------------------------------------
ITEM 1(B).     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

               1840 Century Park East, 159 cc Los Angeles, CA 90067
- -------------------------------------------------------------------------------
ITEM 2(A).     NAME OF PERSON(S) FILING

               U.S. Trust Co., National Association
- -------------------------------------------------------------------------------
ITEM 2(B).     ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

               515 S. Flower St. #2800 Los Angeles, CA 90071
- -------------------------------------------------------------------------------
ITEM 2(C).     CITIZENSHIP

               USA
- -------------------------------------------------------------------------------
ITEM 2(D).     TITLE OF CLASS OF SECURITIES

               Common Stock
- -------------------------------------------------------------------------------
ITEM 2(E).     CUSIP NUMBER

               666807102
- -------------------------------------------------------------------------------

ITEM 3.  IF THIS STATEMENT IS FILED PURSUANT TO RULES 240.13d-1(b) OR
         240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

    (a) / / Broker or dealer registered under Section 15 of the Act

    (b) / / Bank as defined in section 3(a)(6) of the Act

    (c) / / Insurance Company as defined in section 3(a)(19) of the Act

    (d) / / Investment Company registered under section 8 of the Investment
            Company Act

    (e) / / Investment Adviser registered under section 203 of the
            Investment Advisers Act of 1940

    (f) /X/ Employee Benefit Plan. Pension runs which is subject to the
            provisions of the Employee Retirement Income Security Act of 1974
            or Endowment Fund; see Rule 130-1(d)(1)(ii)(F)

    (g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(1)(ii)(G).
            (Note: See Item   )

    (h) / / Group, in accordance with Rule 240.13d-1(b)(1)(ii)(H).


<PAGE>
                                                    Page  4 of  4 Pages
                                                         ---   ---


ITEM 4.  OWNERSHIP

    (a) Amount Beneficially Owned:
                                                    8,910,704
    ---------------------------------------------------------------------------
    (b) Percent of Class:
                                                    12.8
    ---------------------------------------------------------------------------
    (c) Number of shares as to which such person has:

          (i) Sole power to vote or to direct the vote

              -----------------------------------------------------------------
         (ii) Shared power to vote or to direct the vote
                                                    8,910,704
              -----------------------------------------------------------------
        (iii) Sole power to dispose or to direct the disposition of

              -----------------------------------------------------------------
         (iv) Shared power to dispose or to direct the disposition of
                                                    8,910,704
              -----------------------------------------------------------------


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

- -------------------------------------------------------------------------------


ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

- -------------------------------------------------------------------------------


ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

- -------------------------------------------------------------------------------


ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

- -------------------------------------------------------------------------------

ITEM 10. CERTIFICATION

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such 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.


                                       2/1/2000
                                       ----------------------------------------
                                       (Date)

                                       Robert S. Cummings
                                       ----------------------------------------
                                       (Signature)

                                       Sr. Vice President
                                       ----------------------------------------
                                       (Name/Title)




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