UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
FORM 11-K
______________________________
[X] Annual Report pursuant to section 15(d) of the Securities Exchange Act
of 1934 for the fiscal year ended December 31, 1999.
or
[ ] Transitional Report pursuant to section 15(d) of the Securities
Exchange Act of 1934 for the transition period from _________
to __________.
1-5452
(Commission File Number)
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
Full title of the plan and the address of
the plan, if different from that of the issuer named below
ONEIDA LTD.
163-181 Kenwood Avenue
Oneida, New York 13421
(315) 361-3636
Name of issuer of the securities held pursuant to
the plan and the address of its principal executive office:
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
FINANCIAL STATEMENTS
DECEMBER 31, 1999 and 1998
INDEX
Report of Independent Accountants
Financial Statements:
Statements of Net Assets
Statements of Changes in Net Assets
Notes to Financial Statements
Schedules:
Schedule of Assets Held for Investment Purposes at the End of the Year
<PAGE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Trustees, Administrative Committee
and Participants of the Oneida
Silversmiths 401(k) Savings Plan
In our opinion, the accompanying statements of net assets available for
benefits and the related statements of changes in net available for benefits
present fairly, in all material respects, the net assets available for
benefits of the Oneida Silversmiths 401(k) Savings Plan (the "Plan") at
December 31, 1999 and 1998, and the changes in net assets available for
benefits for the years then ended in conformity with accounting principles
generally accepted in the United States. These financial statements are the
responsibility of the Plan's management; our responsibility is to express
an opinion on these financial statements based on our audits. We conducted
our audits of these statements in accordance with auditing standards
generally accepted in the United States, which require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion expressed above.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets
held for investment purposes is presented for the purpose of additional
analysis and is not a required part of the basic financial statements but is
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 changes in net assets available for benefits is
presented for purposes of additional analysis rather than to present the net
assets available for benefits and the changes in net assets available for
benefits of each fund. The supplemental schedule and fund information are the
responsibility of the Plan's management. The supplemental schedule and fund
information has 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 financial statements taken
as a whole.
The supplemental schedule of assets held for investment purposes does not
disclose the historical cost of Plan assets held. Discloser of this
information is required by the Department of Labor's Rules and Regulations
for Reporting and Disclosure under the Employee Retirement Security Act of 1974.
/s/ PRICEWATERHOUSECOOPERS LLP
Syracuse, New York
June 23, 2000
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR
BENEFITS, WITH FUND INFORMATION AS OF DECEMBER 31, 1999
<TABLE>
<CAPTION>
Intermediate Income Managed
Bond Fund Fund Income Fund
<S> <C> <C> <C>
Investments.......... $ 2,209,748 $ 294,156 $ 7,264,483
Loans................
----------- --------- -----------
Net assets available
for benefits......... $ 2,209,748 $ 294,156 $ 7,264,483
=========== ========= ===========
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVING PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS,
WITH FUND INFORMATION AS OF DECEMBER 31, 1999
...Continued
<TABLE>
<CAPTION>
Retirement Equity Growth
Government Money Income Fund & Income Fund
Market Fund
<S> <C> <C> <C>
Investments.......... $ 2,924,800 $ 12,394,282 $ 1,721,617
Loans................
------------ ------------ -----------
Net assets available
for benefits......... $ 2,924,800 $ 12,394,282 $ 1,721,617
=========== ============ ===========
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FRO BENEFITS,
WITH FUND INFORMATION AS OF DECEMBER 31, 1999
...Continued
<TABLE>
<CAPTION>
Magellan Growth U.S. Equity Intl
Fund Fund Fund Fund
<S> <C> <C> <C> <C>
Investments.......... $ 23,234,429 $ 2,009,274 $ 6,839,785 $ 1,830,639
Loans................
------------ ----------- ----------- -----------
Net assets available
for benefits......... $ 23,234,429 $ 2,009,274 $ 6,839,785 $ 1,830,639
============ =========== =========== ===========
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVING PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS,
WITH FUND INFORMATION AS OF DECEMBER 31, 1999
...Continued
<TABLE>
<CAPTION>
Market Loan Oneida LTD.
Index Fund Stock Total
<S> <C> <C> <C> <C>
Investments.......... $ 148,305 $ 66,730 $ 60,938,248
Loans................ $ 2,087,304 2,087,304
--------- ----------- -------- ------------
Net assets available
for benefits......... $ 148,305 $ 2,087,304 $ 66,730 $ 63,025,552
========= =========== ======== ============
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR
BENEFITS, WITH FUND INFORMATION AS OF DECEMBER 31, 1998
<TABLE>
<CAPTION>
Intermediate Income Managed
Bond Fund Fund Income Fund
<S> <C> <C> <C>
Investment........... $ 2,450,811 $ 216,469 $ 7,996,892
Loans................
----------- --------- -----------
Net assets available
for benefits......... $ 2,450,811 $ 216,469 $ 7,996,892
=========== ========= ===========
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS,
WITH FUND INFORMATION AS OF DECEMBER 31, 1998
...Continued
<TABLE>
<CAPTION>
Retirement
Government Money Equity Growth &
Market Fund Income Fund Income Fund
<S> <C> <C> <C>
Investments.......... $ 2,857,468 $ 13,009,223 $ 1,204,918
Loan.................
----------- ------------ -----------
Net assets available
for benefits......... $ 2,857,468 $ 13,009,223 $ 1,204,918
=========== ============ ===========
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS,
WITH FUND INFORMATION AS OF DECEMBER 31, 1998
...Continued
<TABLE>
<CAPTION>
Magellan Growth U.S. Equity Intl
Fund Fund Index Fund Fund
<S> <C> <C> <C> <C>
Investments.......... $ 19,162,575 $ 859,958 $ 5,815,897 $ 737,719
Loans................
------------ --------- ----------- ---------
Net assets available
for benefits......... $ 19,162,575 $ 859,958 $ 5,815,897 $ 737,719
============ ========= =========== =========
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS,
WITH FUND INFORMATION AS OF DECEMBER 31, 1998
...Continued
<TABLE>
<CAPTION>
Market Loan
Index Fund Total
<S> <C> <C> <C>
Investments.......... $ 47,707 $54,359,637
Loans................ $ 2,218,409 $ 2,218,409
----------- ----------- -----------
Net assets available
for benefits......... $ 47,707 $ 2,218,409 $56,578,046
=========== =========== ===========
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION
AS OF DECEMBER 31, 1999
<TABLE>
<CAPTION>
Retirement
Intermediate Income Managed Government Equity
Bond Fund Funds Income Money Fund Income
Fund
<S> <C> <C> <C> <C> <C>
Employee contributions $ 253,160 $ 13,456 $625,250 $393,032 $908,260
Employer contributions 89 28 326 714 197
Transfers among funds (109,101) 258,299 (211,566) 88,173 (806,436)
Net Appreciation in fair
value of investments (120,386) (12,149) (374,958)
Interest and dividend
Income 141,456 16,693 415,523 144,033 1,294,432
Loan interest income
Administrative expenses (742) (2,733) (2,040) (2,926)
Forfeitures (1,288) 17,828 (1,326)
Distribution to
participants (405,539) (198,640) (1,557,923) (574,408)(1,632,184)
-----------------------------------------------------
Increase in net assets
during the year (241,062) 77,687 (732,409) 67,332 (614,941)
Net assets available for
Benefits, beg. of year 2,450,811 216,469 7,996,892 2,857,468 13,009,223
--------------------------------------------------------
Net assets available for
Benefits, end of year $2,209,748 $294,156 $7,264,483 $2,924,800 $12,934,282
========================================================
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS,
WITH FUND INFORMATION AS OF DECEMBER 31, 1999
...Continued
<TABLE>
<CAPTION>
Growth & Magellan Growth US Equity Int'l
Income Fund Fund Fund Index Fund Fund
<S> <C> <C> <C> <C> <C>
Employee contributions $214,061 $1,736,127 $174,611 $523,470 $130,147
Employer contributions 184 1,237 391 204 108
Transfers among funds 301,045 329,733 761,774 105,909 426,701
Net Appreciation in fair
value of investments 136,051 2,590,790 308,459 1,086,646 581,146
Interest and dividend
income 109,646 1,991,230 121,005 117,132 33,355
Loan interest income
Administrative expenses (303) (6,243) (540) (1,114) (140)
Forfeitures (493) (9,606) (2,227) (2,492) (395)
Distributions to
participants (243,492) (2,561,414) (214,157) (805,867) (78,001)
-----------------------------------------------------
Increase in net assets
during the year 516,699 4,071,854 1,149,315 1,023,888 1,092,919
Net assets available for
Benefits, beg. of year 1,204,918 19,162,575 859,958 5,815,897 737,719
-----------------------------------------------------
Net assets available for
Benefits, end of year $1,721,617 $23,234,429 $2,009,274 $6,839,785 $1,830,639
========================================================
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION
AS OF DECEMBER 31, 1999
...Continued
<TABLE>
<CAPTION>
Market Loan Oneida Ltd.
Index Fund Stock Total
<S> <C> <C> <C> <C>
Employee contributions $11,026 $883 $4,983,484
Employer contributions 3,479
Transfers among funds 66,691 $(1,281,447) 70,225
Net Appreciation in fair
value of investments 21,262 (4,661) 4,212,201
Interest and dividend
income 2,597 283 4,387,384
Loan interest income 185,076 185,076
Administrative expenses (12) (16,793)
Forfeitures
Distributions to
participants (965) 965,265 (7,307,324)
--------------------------------------------
Increase in net assets
during the year 100,599 (131,106) 66,730 6,447,506
Net assets available for
Benefits, beg. of year 47,707 2,218,409 56,758,046
--------------------------------------------
Net assets available for
Benefits, end of year $148,305 $2,087,304 $66,730 $63,025,552
============================================
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND
INFORMATION
AS OF DECEMBER 31, 1998
<TABLE>
<CAPTION>
Retirement
Intermediate Income Managed Government Equity
Bond Fund Funds Income Money Fund Income
Fund
<S> <C> <C> <C> <C> <C>
Employee contributions $ 321,873 $ 16,214 $797,200 $571,528 $1,291,796
Employer contributions 55,503 2,239 159,380 90,041 172 774
Transfers among funds (56,617) 264,319 226,978 70,243 (764,166)
Net Appreciation in fair
value of investments 21,715 (1,720) 686,329
Interest and dividend
income 140,047 13,661 421,895 144,140 729,373
Loan interest income
Administrative expenses (645) (26) (2,893) (1,626) (2,511)
Forfeitures (396) (271) 3,410 401
Distribution to
participants (116,069) (141,577) (621,988) (522,121) (555,172)
-----------------------------------------------------
Increase in net assets
during the year 365,411 153,110 980,301 355,615 1,558,824
Net assets available for
Benefits, beg.of year 2,085,400 63,359 7,016,591 2,501,853 11,450,399
--------------------------------------------------------
Net assets available for
Benefits, end of year $2,450,811 $216,469 $7,996,892 $2,857,468 $13,009,223
========================================================
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION
AS OF DECEMBER 31, 1998
...Continued
<TABLE>
<CAPTION>
Growth & Magellan Growth US Equity Int'l
Income Fund Fund Fund Index Fund Fund
<S> <C> <C> <C> <C> <C>
Employee contributions $209,994 $1,908,583 $149,008 $760,969 $127,671
Employer contributions 26,481 326,172 22,961 78,574 13,028
Transfers among funds 539,196 262,612 281,293 161,609 282,912
Net Appreciation in fair
value of investments 71,902 3,771,324 41,579 1,088,484 60,632
Interest and dividend
income 47,780 869,935 40,498 105,302 6,950
Loan interest income
Administrative expenses (470) (4,727) (205) (768) (162)
Forfeitures (2,191) (953)
Distributions to
participants (67,720) (852,592) (15,707) (202,103) (11,953)
-----------------------------------------------------
Increase in net assets
during the year 827,163 6,279,116 519,427 1,991,114 479,078
Net assets available for
Benefits, beg. of year 377,755 12,883,459 340,531 3,824,783 258,641
-------------------------------------------------------
Net assets available for
Benefits, end of year $1,204,918 $19,162,575 $859,958 $5,815,897 $737,719
========================================================
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS, WITH FUND INFORMATION
AS OF DECEMBER 31, 1998
...Continued
<TABLE>
<CAPTION>
Market Loan
Index Fund Total
<S> <C> <C> <C>
Employee contributions $10,502 $6,165,338
Employer contributions 600 947,753
Transfers among funds 30,031 $(1,298,410)
Net Appreciation in fair
value of investments 6,082 5,746,327
Interest and dividend
income 504 2,520,085
Loan interest income 209,488 209 488
Administrative expenses (12) (14,045)
Forfeitures
Distributions to
participants 1,282,485 (1,824,517)
-----------------------------------
Increase in net assets
during the year 47,707 193,563 13,750,429
Net assets available for
Benefits, beg. of year 2,024,846 42,827,617
-----------------------------------
Net assets available for
Benefits, end of year $47,707 $2,218,409 $56,578,046
===================================
</TABLE>
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. Summary of Significant Accounting Policies
The financial statements for the Oneida Silversmiths 401(k)
Savings Plan (the "Plan") have been prepared on the accrual
basis of accounting. The accounting principles and practices
which affect the more significant elements of the financial
statements are:
Investments - Investments are carried at fair value based
upon quoted market prices in active markets at year end.
Income from investments is recorded on an accrual basis.
The Plan presents in the statement of changes in net
assets the net appreciation or depreciation in the fair
value of its investments which consists of the realized
gains or losses and the unrealized appreciation or
depreciation on those investments.
Loans Receivable - Loans receivable from participants
are carried at cost which approximates fair value.
Contributions - Contributions from Oneida Ltd. (the
"Company") to the Plan are discretionary.
Administrative Costs - Various administrative costs,
principally administrator's fees, are paid by the
Company.
Use of Estimates - The preparation of financial
statements in conformity with generally accepted
accounting principles requires management to make
significant estimates and assumptions that affect the
reported amounts of net assets available for benefits and
disclosures of contingent assets and liabilities at the
date of the financial statements and the reported amounts
of additions to and deductions from net assets during the
reporting period. Actual results could differ from those
estimates.
Risks and Uncertainties - The Plan provides for various
investment options in any combination of stocks, bonds,
fixed income securities, mutual funds, and other
investment securities. Investment securities are exposed
to various risks, such as interest rate, market and
credit. Due to the level of risk associated with certain
investment securities and the level of uncertainty
related to changes in the value of investment securities,
it is at least reasonably possible that changes in risks
in the near term would materially affect participants'
account balances and the amounts reported in the
statement of net assets available for plan benefits and
the statement of changes in net assets available for plan
benefits.
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
2. Description of the Plan
The Plan is a defined contribution plan principally
comprised of employee payroll withholdings, deferred
bonuses, and employer contributions. All full-time
employees of Oneida Silversmiths, Kenwood Silver Company,
Oneida Distribution Services, Inc. (ODSI), and Buffalo
China, Inc. non-union employees are eligible after six
months service, while non-bargaining unit employees are
eligible after 1,000 hours of service within a calendar
year or within the first year of service. The Plan also
has established criteria for redistribution of
forfeitures, normal, early and disability retirement,
death benefits and withdrawals of voluntary contributions
under approved financial hardship cases.
After 5 vesting years of service, participants are fully
vested in any employer contributions to their accounts, as
well as earnings thereon. A vesting year of service is
any year in which the employee works 1,000 or more hours.
Participants are always fully vested in their
contributions to the Plan and any earnings thereon.
Forfeited employer contributions are allocated to
participants' Employee's Stock Ownership Plan ("ESOP")
accounts according to that Plan's allocation methodology.
Voluntary participant contributions are allowed to a
maximum of fifteen percent (15%) of the participants'
gross compensation for the plan year on a pre-tax basis.
Internal Revenue Service regulations permitted a maximum
pre-tax contribution of $10,000 during 1999.
The Plan allows participants to borrow amounts up to
$50,000 from their accounts. Participant loans are
repayable over one to five years, or longer if for a
primary residence, and bear interest at prime plus 1%.
While the Company anticipates and believes that the Plan
will continue, the Company reserves the right to
discontinue contributions or terminate the Plan at any
time. Upon termination, and after payment of all
expenses, the assets of the Plan will be distributed to
participants based upon amounts standing to their credit as
of the date of liquidation.
Plan assets include accounts of terminated employees who
have elected not to remain in the plan. These assets
amounted to approximately $3,925,632 at December 31, 1999
and $888,397 at December 31, 1998.
3. Tax Status
The Internal Revenue Service has determined and informed the
Company by a letter dated September 19, 1995, that the
Plan and related trust are designed in accordance with
applicable sections of the Internal Revenue Code (IRC).
4. Investments
Investments are held within various Fidelity mutual funds
as directed by the participants. While some funds
maintain constant net asset values, neither income nor
principal is guaranteed for any investments. Participants
may make transfers between funds at any time.
Participants may direct funds in any whole percent
increment to the following investment vehicles offered by
the Plan:
<PAGE>
ONEIDA SILVERSMITHS 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
4. Investments (Cont'd)
Intermediate Bond Fund - Principal is invested in one of
four fixed income obligation funds which primarily invest
in short-term money market obligations and intermediate or
longer-term corporate and government bonds.
Income Fund - Principal is invested in one of nine funds
which primarily invest in domestic bonds and government
securities. This fund seeks income.
Managed Income Fund - Principal is invested in short and
long-term unallocated insurance contracts, bank
investment contracts and other equivalent instruments.
Retirement Government Money Market Fund - Investment
principal is invested in government securities.
Equity Income Fund - Principal is invested in at least
80% of common or preferred stock of companies that have a
proven dividend paying record. The fund also invests in
convertible securities, corporate bonds and treasury
bonds. This fund seeks both income and capital
appreciation.
Growth and Income Fund - Principal is invested in one of
thirteen funds which primarily invest in stock of
domestic and foreign companies. This fund also invests
in convertible securities and debt securities. This fund
seeks both income and capital appreciation.
Magellan Fund - Principal is invested in common stocks
and convertible securities of U.S. and foreign
companies. In selecting companies for investment,
secondary emphasis is placed on dividend yield. This
fund seeks capital appreciation.
U.S. Equity Index Fund - Principal is invested in U.S.
stocks as represented in the S & P 500.
Growth Fund - Principal is invested in one of nineteen
funds which primarily invest in equity securities of
domestic and foreign companies. This fund also invests in
debt securities. This fund seeks capital
appreciation.
International Fund - Principal is invested in one of
sixteen funds which primarily invest in equity
securities of foreign companies. This fund also invests
in debt securities of foreign companies. This fund
seeks capital appreciation.
Spartan Market Index - Principle is invested in
companies that make up the Standard & Poors 500 Index.
The fund seeks to duplicate the composition and
performance of the Index.
Oneida Ltd. Stock - Principle is invested in common stock
of Oneida Ltd. This fund seeks capital appreciation.
<PAGE>
Oneida Silversmiths
401(k) Savings Plan
Schedule of Assets Held for Investment Purposes at End of Year
<TABLE>
<CAPTION>
Share Balance Price Market Value
Fund at 12/31/99 at 12/31/99 at 12/31/99
<S> <C> <C> <C>
Fidelity Cash Reserves 1,521 $ 1.00 $ 1 ,521.03
Retrmt Money Mkt Portfolio 120,930 1.00 120,929.82
Capital & Income 0 0.00 0.00
GNMA 657 10.36 6,807.56
Gov't Securities Fund 221 9.35 2,069.55
Institutional Short In Gov't Fund 424 9.07 3,845.80
Investment Grade Bond Fund 1,816 6.89 12,514.59
US Bond Index Fund 3,290 10.19 33,525.26
PIMCO Total Return Fund 11,408 9.90 112,942.09
Total Fidelity Income Fund 294,155.69
Balanced Fund 3,865 15.36 59,364.93
Convertible Securities 24 24.28 574.51
Equity Income II 3,097 27.37 84,759.33
Fidelity Fund 1,908 42.61 81,279.00
Fidelity Asset Manager 355 18.38 6,526.83
Fidelity Asset Manager-Income 0 0.00 0.00
Freedom Income Fund 1,506 11.33 17,068.04
Freedom 2000 Fund 14,973 12.99 194,496.39
Freedom 2010 Fund 40,886 14.87 607,970.39
Freedom 2020 Fund 33,355 16.38 546,362.30
Growth & Income Portfolio 908 47.16 42,829.39
Puritain Fund 2,992 19.03 56,946.53
Real Estate Investment Fund 401 14.70 5,898.74
Utilities Fund 681 25.77 17,540.56
Total Fidelity Growth & Income Fund 1,721,616.95
Blue Chip 5,457 60.11 328,038.00
Capital Appreciation 2,318 29.87 69,232.87
ContraFund 2,412 60.02 144,751.31
Disciplined Equity 6 30.51 190.17
Dividend Growth 5,601 28.99 162,371.71
Emerging Growth 13,029 59.63 776,930.18
Export & Multinational 0 0.00 0.00
Fidelity Fifty 1,831 22.81 41,774.37
Fidelity Asset Manager-Growth 234 19.67 4,603.25
Fidelity 2030 Fund 9,717 16.88 164,030.69
Growth Company 310 84.30 26,157.28
Large Cap-Stock 577 21.57 12,442.01
Low-Priced Stock 2,644 22.64 59,865.53
Mid-cap Stock 2,056 21.87 44,975.13
OTC Portfolio 450 67.97 30,592.69
Retirement Growth 610 25.85 15,773.54
Small-Cap Selector 2,880 16.09 46,335.66
Stock Selector 235 32.00 7,514.62
Technoquant Growth Fund 0 0.00 0.00
Trend Fund 140 71.72 10,017.56
Value 86 43.81 3,778.00
N & B Genesis Trust 2,847 21.04 59,889.24
Total Fidelity Growth Funds 2,009,273.81
Canada 276 19.63 5,418.82
Diversified International 374 25.62 9,574.12
Emerging Markets 882 12.02 10,601.65
Europe 1,011 37.47 37,889.18
Europe Capital Appreciation 250 21.46 5,374.16
Global Balances Fund 0 0.00 0.00
International Growth & Income 0 0.00 0.00
International Value 183 20.31 3,717.22
Janus Worldwide 18,789 76.43 1,436,023.86
Japan 5,227 27.28 142,600.42
Latin America 1,506 15.91 23,962.07
New Markets Income 1,061 11.10 11,781.68
Overseas 152 48.01 7,303.23
Pacific Basin 1,533 28.74 44,062.47
Southeast Asia 4,544 16.43 74,664.18
Worldwide 252 19.90 5,010.66
Templeton Foreign 1,128 11.22 12,655.03
Total Fidelity International Funds 1,830,638.75
Magellan 170,054 136.63 23,234,429.11
Retirement Gov't Money Market 2,924,800 1.00 2,924,800.11
Managed Income Portfolio 7,264,483 1.00 7,264,483.28
Spartan Market Index 1,470 100.89 148,305.48
Spartan US Equity Index 131,307 52.09 6,839,783.77
Equity Income 231,755 53.48 12,394,281.84
Loan 2,087,304.59
Oneida LTD. Stock 2,905 21.75 66,730.02
Intermediate Bond Fund 224,793 9.76 2,193,975.55
Fidelity Short Term Bond 571 8.50 4,851.46
Fidelity International Bond 1,260 8.67 10,921.54
Fidelity United Kingdom 0 0.00 0.00
Total Intermediate Bond Fund 2,209,748.55
Grand Total 63,025,551.94
</TABLE>
<PAGE>
Signatures
Pursuant to the requirements of the Securities Exchange Act of
1934, the Plan Administrator has duly caused this annual report to be
signed on his behalf by the undersigned hereunto duly
authorized.
ONEIDA SILVERSMITHS 401(K) SAVINGS PLAN
Dated: June 30, 2000 By: /s/ ROBERT J. HOULE
Robert J. Houle
Vice President, Human Resources
Oneida Ltd.
