Oppenheimer Zero Coupon
U.S. Treasuries Trust
Series A
Annual Report dated December 31, 1993
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Independent Auditors' Report
- ---------------------------------------------------------------------------
We have audited the accompanying statements of condition, including the
related portfolios of the 1994 Series, the 1995 Series, the 2000 Series and
the 2005 Series of the Oppenheimer Zero Coupon U.S. Treasuries Trust, Series
A, as of December 31, 1993 and the related statements of operations and
changes in net assets, including the 1993 Series, for the years ended December
31, 1993, 1992 and 1991. These financial statements are the responsibility of
the Trust'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. Our
procedures included confirmation of securities owned at December 31, 1993 by
correspondence with the custodian. 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 of Oppenheimer Zero Coupon U.S.
Treasuries Trust, Series A at December 31, 1993, and the results of its
operations and changes in its net assets, for the above stated periods, in
conformity with generally accepted accounting principles.
DELOITTE & TOUCHE
Denver, Colorado
February 8, 1994
61
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Condition as of December 31, 1993
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
1994 1995
Series Series
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Trust Property
Investment in marketable securities (see Portfolios) - Note 1 . . . . . . . . . . . . . . $938,308 $3,703,443
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,768 3,953
Accrued interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 1,099
-------- ----------
Total trust property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 940,131 3,708,495
Less Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,823 5,052
-------- ----------
Net Assets - Note 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $938,308 $3,703,443
======== ==========
Units Outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 967,481 3,904,361
======== ==========
Unit Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ .96985 $ .94854
======== ==========
</TABLE>
See Notes to Financial Statements.
62
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Condition as of December 31, 1993 (Continued)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
2000 2005
Series Series
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Trust Property
Investment in marketable securities (see Portfolios) - Note 1 . . . . . . . . . . . . . . $6,237,029 $2,347,757
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,185 6,141
Accrued interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,513 1,330
---------- ----------
Total trust property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,243,727 2,355,228
Less Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,698 7,471
---------- -----------
Net Assets - Note 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,237,029 $2,347,757
========== ==========
Units Outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,963,103 4,728,778
========== ==========
Unit Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ .69586 $ .49648
========== ==========
</TABLE>
See Notes to Financial Statements.
63
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Operations
For the Years Ended December 31, 1993, 1992 and 1991
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
1993 Series
---------------------------------
1993 1992 1991
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Investment Income:
Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 505 $ 686 $ 838
Accretion of original issue discount . . . . . . . . . . . . . . . . . . . . . . 106,594 133,081 153,068
Trustee's fees and expenses - Note 3 . . . . . . . . . . . . . . . . . . . . . . (505) (686) (838)
-------- -------- --------
Net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106,594 133,081 153,068
Realized and Unrealized Gain (Loss)
on Investments
Realized gain on securities
transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,689 21,433 17,172
Net change in unrealized appreciation
of investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (70,689) (67,262) 44,690
-------- -------- --------
Net gain (loss) on investments . . . . . . . . . . . . . . . . . . . . . . . . . 0 (45,829) 61,862
-------- -------- --------
Net Increase in Net Assets Resulting
from Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $106,594 $ 87,252 $214,930
======== ======== ========
</TABLE>
See Notes to Financial Statements.
64
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Operations
For the Years Ended December 31, 1993, 1992 and 1991 (Continued)
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
1994 Series 1995 Series
------------------------------ ------------------------------
1993 1992 1991 1993 1992 1991
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Investment Income:
Interest Income . . . . . . . . . . . . . . . $ 433 $ 456 $ 607 $ 1,745 $ 1,860 $ 2,440
Accretion of original issue discount . . . . 76,653 93,898 119,320 308,088 324,994 382,416
Trustee's fees and expenses - Note 3 . . . . (433) (456) (607) (1,745) (1,860) (2,440)
-------- -------- -------- -------- -------- --------
Net investment income . . . . . . . . . . . . 76,653 93,898 119,320 308,088 324,994 382,416
Realized and Unrealized Gain (Loss)
on Investments
Realized gain on securities
transactions . . . . . . . . . . . . . . - 26,695 55,797 4,281 67,600 155,252
Net change in unrealized appreciation
of investments . . . . . . . . . . . . . (29,770) (41,618) 28,639 (101,947) (121,562) 77,972
-------- -------- -------- -------- -------- --------
Net gain (loss) on investments . . . . . . . (29,770) (14,923) 84,436 (97,666) (53,862) 233,224
-------- -------- -------- -------- -------- --------
Net Increase in Net Assets Resulting
from Operations . . . . . . . . . . . . . $ 46,883 $ 78,975 $203,756 $210,422 $271,032 $615,640
======== ======== ======== ======== ======== ========
</TABLE>
See Notes to Financial Statements.
65
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Operations
For the Years Ended December 31, 1993, 1992 and 1991 (Concluded)
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
2000 Series 2005 Series
--------------------------------- -------------------------------
1993 1992 1991 1993 1992 1991
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Investment Income:
Interest Income . . . . . . . . . . . . . . . $ 4,001 $ 4,732 $ 5,357 $ 2,240 $ 2,686 $ 3,989
Accretion of original issue discount . . . . 431,009 470,591 493,626 167,463 192,694 248,006
Trustee's fees and expenses - Note 3 . . . . (4,001) (4,732) (5,357) (2,240) (2,686) (3,989)
-------- -------- ---------- -------- -------- --------
Net investment income . . . . . . . . . . . . 431,009 470,591 493,626 167,463 192,694 248,006
Realized and Unrealized Gain (Loss)
on Investments
Realized gain on securities
transactions . . . . . . . . . . . . . . 140,068 163,914 166,548 92,226 92,668 84,022
Net Change in unrealized appreciation
of investments . . . . . . . . . . . . . 299,144 (136,385) 495,674 214,645 (92,683) 253,709
-------- -------- ---------- -------- -------- --------
Net gain (loss) on investments . . . . . . . 439,212 27,529 662,222 306,871 (15) 337,731
-------- -------- ---------- -------- -------- --------
Net Increase in Net Assets Resulting
from Operations . . . . . . . . . . . . . $870,221 $498,120 $1,155,848 $474,334 $192,679 $585,737
======== ======== ========== ======== ======== ========
</TABLE>
See Notes to Financial Statements.
66
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Changes in Net Assets
For the Years Ended December 31, 1993, 1992 and 1991
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
1993 Series
---------------------------------
1993 1992 1991
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Operations:
Net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 106,594 $ 133,081 $ 153,068
Realized gain on securities
transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,689 21,433 17,172
Net unrealized appreciation
(depreciation) of
investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (70,689) (67,262) 44,690
-------- -------- ---------
Net increase in net assets
resulting from operations . . . . . . . . . . . . . . . . . . . . . . . . . 106,594 87,252 214,930
Capital Share
Transactions - Note 4
Issuance of Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - 85
Redemption of Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,481,998) (404,426) (305,672)
---------- --------- ---------
Net increase (decrease) in
Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,375,404) (317,174) (90,657)
Net Assets:
Beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,375,404 1,692,578 1,783,235
--------- --------- ---------
End of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0 $1,375,404 $1,692,578
========== ========== ==========
</TABLE>
See Notes to Financial Statements.
67
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Changes in Net Assets
For the Years Ended December 31, 1993, 1992 and 1991 (Continued)
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
1994 Series 1995 Series
------------------------------------- -----------------------------------
1993 1992 1991 1993 1992 1991
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Operations:
Net investment income . . . . . . $ 76,653 $ 93,898 $ 119,320 $ 308,088 $ 324,994 $ 382,416
Realized gain on securities
transactions . . . . . . . . . - 26,695 55,797 4,281 67,600 155,252
Net unrealized appreciation
(depreciation) of
investments . . . . . . . . . . (29,770) (41,618) 28,639 (101,947) (121,562) 77,972
-------- ---------- --------- --------- --------- ----------
Net increase in net assets
resulting from operations . . . 46,883 78,975 203,756 210,422 271,032 615,640
Capital Share
Transactions - Note 4
Issuance of Units . . . . . . . . - - - - - -
Redemption of Units . . . . . . . - (353,557) (916,388) (54,412) (745,228) (1,593,904)
-------- --------- --------- --------- --------- ----------
Net increase (decrease) in
Net Assets . . . . . . . . . . 46,883 (274,582) (712,632) 156,010 (474,196) (978,264)
Net Assets:
Beginning of period . . . . . . . 891,425 1,166,007 1,878,639 3,547,433 4,021,629 4,999,893
-------- --------- --------- --------- --------- ---------
End of period . . . . . . . . . . $938,308 $ 891,425 $1,166,007 $3,703,443 $3,547,433 $4,021,629
======== ========== ========== ========== ========== ==========
</TABLE>
See Notes to Financial Statements.
68
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Statements of Changes in Net Assets
For the Years Ended December 31, 1993, 1992 and 1991 (Concluded)
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
2000 Series 2005 Series
--------------------------------- ----------------------------------
1993 1992 1991 1993 1992 1991
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Operations:
Net investment income . . . . . . $ 431,009 $ 470,591 $ 493,626 $ 167,463 $ 192,694 $ 248,006
Realized gain on securities
transactions . . . . . . . . . 140,068 163,914 166,548 92,226 92,668 84,022
Net unrealized appreciation
(depreciation) of
investments . . . . . . . . . . 299,144 (136,385) 495,674 214,645 (92,683) 253,709
--------- ---------- ---------- -------- ---------- ----------
Net increase in net assets
resulting from operations . . . 870,221 498,120 1,155,848 474,334 192,679 585,737
Capital Share
Transactions - Note 4
Issuance of Units . . . . . . . . 130,275 410,460 145,840 - - 20,058
Redemption of Units . . . . . . . (646,397) (1,279,762) (934,304) (470,251) (884,195) (689,193)
--------- ---------- ---------- --------- ---------- ----------
Net increase (decrease) in
Net Assets . . . . . . . . . . 354,099 (371,182) 367,384 4,083 (691,516) (83,398)
Net Assets:
Beginning of period . . . . . . . 5,882,930 6,254,112 5,886,728 2,343,674 3,035,190 3,118,588
--------- ---------- ---------- ---------- ---------- ----------
End of period . . . . . . . . . . $6,237,029 $5,882,930 $6,254,112 $2,347,757 $2,343,674 $3,035,190
. . . . . . . . . . . . . . . . ========== ========== ========== ========== ========== ==========
</TABLE>
See Notes to Financial Statements.
69
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Notes to Financial Statements
For the Years Ended December 31, 1993, 1992 and 1991
- ---------------------------------------------------------------------------
1. Significant Accounting Policies
The Fund is registered under the Investment Company Act of 1940 as a unit
investment trust. Units of the Fund are sold only to separate investment
accounts of life insurance companies to fund variable life insurance policies.
The Fund's sponsor is Oppenheimer Funds Distributor, Inc. The following is a
summary of significant accounting policies consistently followed by the Fund.
The policies are in conformity with generally accepted accounting principles.
(a) Securities are stated at value as determined by the Evaluator based on
bid side evaluations for the securities.
(b) Cost of securities have been adjusted to include the accretion of
original issue discount on the Stripped Treasury Securities.
2. Net Capital
<TABLE>
<CAPTION>
December 31,
------------------------------------------------
1993 1992 1991
<S> <C> <C> <C>
1993 Series
- -----------
Cost of 1,417,359, and 1,849,006 Units, respectively . . . . . . . . $ 769,341 $1,034,178
Less sales charge . . . . . . . . . . . . . . . . . . . . . . . . . . 12,418 11,285
---------- ----------
Net amount applicable to certificateholders . . . . . . . . . . . . . 756,923 1,022,893
Accretion of original issue discount . . . . . . . . . . . . . . . . 551,165 535,107
Net unrealized appreciation of investments . . . . . . . . . . . . . 67,316 134,578
---------- ----------
Net capital applicable to certificateholders . . . . . . . . . . . . $1,375,404 $1,692,578
========== ==========
1994 Series
- -----------
Cost of 967,481, 967,481, and 1,353,971 Units, respectively . . . . . $448,823 $ 448,823 $ 700,019
Less sales charge . . . . . . . . . . . . . . . . . . . . . . . . . . 8,438 8,438 8,037
-------- ---------- ----------
Net amount applicable to certificateholders . . . . . . . . . . . . . 440,385 440,385 691,982
Accretion of original issue discount . . . . . . . . . . . . . . . . 451,641 374,989 356,356
Net unrealized appreciation of investments . . . . . . . . . . . . . 46,282 76,051 117,669
-------- ---------- ----------
Net capital applicable to certificateholders . . . . . . . . . . . . $938,308 $ 891,425 $1,166,007
======== ========== ==========
</TABLE>
70
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Notes to Financial Statements
For the Years Ended December 31, 1993, 1992 and 1991 (Continued)
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
December 31,
----------------------------------------------
1993 1992 1991
---- ---- ----
<S> <C> <C> <C>
1995 Series
- -----------
Cost of 3,904,361, 3,964,621, and 4,828,351 Units, respectively . . . $1,838,780 $1,867,912 $2,244,734
Less sales charge . . . . . . . . . . . . . . . . . . . . . . . . . . 25,358 25,632 30,152
---------- ---------- ----------
Net amount applicable to certificateholders . . . . . . . . . . . . . 1,813,422 1,842,280 2,214,582
Accretion of original issue discount . . . . . . . . . . . . . . . . 1,618,192 1,331,377 1,311,709
Net unrealized appreciation of investments . . . . . . . . . . . . . 271,829 373,776 495,338
---------- ---------- ----------
Net capital applicable to certificateholders . . . . . . . . . . . . $3,703,443 $3,547,433 $4,021,629
========== ========== ==========
2000 Series
- -----------
Cost of 8,963,103, 9,757,347, and 11,275,461 Units, respectively . . $3,421,333 $3,601,554 $3,880,735
Less sales charge . . . . . . . . . . . . . . . . . . . . . . . . . . 32,898 38,151 47,431
---------- ---------- ----------
Net amount applicable to certificateholders . . . . . . . . . . . . . 3,388,435 3,563,403 3,833,304
Accretion of original issue discount . . . . . . . . . . . . . . . . 1,646,008 1,416,085 1,380,981
Net unrealized appreciation of investments . . . . . . . . . . . . . 1,202,586 903,442 1,039,827
---------- ---------- ----------
Net capital applicable to certificateholders . . . . . . . . . . . . $6,237,029 $5,882,930 $6,254,112
========== ========== ==========
2005 Series
- -----------
Cost of 4,728,778, 5,739,260, and 8,162,406 Units, respectively . . . $1,321,058 $1,555,784 $2,122,093
Less sales charge . . . . . . . . . . . . . . . . . . . . . . . . . . 28,042 35,279 13,045
---------- ---------- ----------
Net amount applicable to certificateholders . . . . . . . . . . . . . 1,293,016 1,520,505 2,109,048
Accretion of original issue discount . . . . . . . . . . . . . . . . 481,234 429,028 439,318
Net unrealized appreciation of investments . . . . . . . . . . . . . 573,507 394,141 486,824
---------- ---------- ----------
Net capital applicable to certificateholders . . . . . . . . . . . . $2,347,757 $2,343,674 $3,035,190
========== ========== ==========
</TABLE>
3. Expenses
Trustee's fees and other expenses incurred by the Fund are limited to the
amount of income generated by the Interest Bearing Treasury Securities in each
Series. Any excess expenses are assumed by the Sponsor.
4. Capital Share Transactions
Issuance
Additional Units were issued by the Fund during the years ended December 31,
1993, 1992, and 1991 as follows:
<TABLE>
<CAPTION>
Series 1993 1992 1991
- ------ ---- ---- ----
<S> <C> <C> <C>
1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 77
1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
1995 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -
2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201,075 749,003 301,612
2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - 19,909
</TABLE>
71
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Notes to Financial Statements
For the Years Ended December 31, 1993, 1992 and 1991 (Concluded)
- ---------------------------------------------------------------------------
Redemption
During 1993, 1992 and 1991, the Sponsor elected to redeem Units of the Fund as
follows:
<TABLE>
<CAPTION>
Series 1993 1992 1991
- ------ ---- ---- ----
<S> <C> <C> <C>
1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145,555 431,647 351,340
1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 386,490 1,174,529
1995 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,260 863,730 2,119,153
2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 995,319 2,267,117 1,819,725
2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,010,482 2,423,146 2,031,018
</TABLE>
The total proceeds were remitted to the Sponsor.
5. Income Taxes
All income received, accretion of original issue discount, expenses paid, and
realized gains and losses on securities sold are attributable to the holder,
on a pro rata basis, for Federal income tax purposes in accordance with the
grantor trust rules of the Internal Revenue Code.
At December 31, 1993, the cost of investment securities for Federal income tax
purposes was approximately equivalent to the adjusted cost as shown in each
Series' portfolio.
6. Distributions
It is anticipated that each Series will not make any distributions until the
first business day following the maturity of its holding in the Stripped
Treasury Securities which are non-interest bearing. In November of 1993 Series
1993 matured and distributions of $1,275,875 were made.
72
<PAGE>
Oppenheimer Zero Coupon U.S. Treasuries Trust, Series A
Portfolios as of December 31, 1993
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
Series No. and Coupon Face Adjusted
Title of Securities Rates Maturities Amount Cost (+) Value (*)
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1994 Series
- -----------
Stripped Treasury Securities . . . . . . . . . 0% 11-15-94 $ 963,750 $ 888,477 $ 934,325
U.S. Treasury Notes . . . . . . . . . . . . . 11.625% 11-15-94 3,731 3,549 3,983
---------- ---------- ----------
Total . . . . . . . . . . . . . . . . . . $ 967,481 $ 892,026 $ 938,308
========== ========== ==========
1995 Series
- -----------
Stripped Treasury Securities . . . . . . . . . 0% 5-15-95 $3,887,500 $3,414,878 $3,685,144
U.S. Treasury Notes . . . . . . . . . . . . . 10.375% 5-15-95 16,861 16,736 18,299
---------- ---------- ----------
Total . . . . . . . . . . . . . . . . . . $3,904,361 $3,431,614 $3,703,443
========== ========== ==========
2000 Series
- -----------
Stripped Treasury Securities . . . . . . . . . 0% 8-15-00 $8,915,200 $4,987,993 $6,186,177
U.S. Treasury Notes . . . . . . . . . . . . . 8.375% 8-15-00 47,903 46,450 50,852
---------- ---------- ----------
Total . . . . . . . . . . . . . . . . . . $8,963,103 $5,034,443 $6,237,029
========== ========== ==========
2005 Series
- -----------
Stripped Treasury Securities . . . . . . . . . 0% 5-15-05 $4,703,125 $1,750,448 $2,318,617
U.S. Treasury Notes . . . . . . . . . . . . . 8.25% 5-15-05 25,653 23,802 29,140
---------- ---------- ----------
Total . . . . . . . . . . . . . . . . . . $4,728,778 $1,774,250 $2,347,757
========== ========== ==========
<FN>
- -------------
(+) See Notes to Financial Statements.
(*) The aggregate values based on offering side evaluations at December 31, 1993 were as follows:
Series Amount
------ ------
1994 $ 938,628
1995 3,705,429
2000 6,253,008
2005 2,358,016
</TABLE>
See Notes to Financial Statements.
73
<PAGE>
Investment Summary of Series A+
as of December 31, 1993
- ---------------------------------------------------------------------------
Series A is a series unit investment trust consisting of nine separate series,
each with its own portfolio. At December 31, 1993, there are four series
which are still outstanding, these are the 1994 Series, the 1995 Series, the
2000 Series and the 2005 Series, designated for the maturities of their
underlying Portfolios (see Portfolios herein).
<TABLE>
<CAPTION>
1994 1995
Series Series
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Face Amount of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 967,481 $ 3,904,361
Number of Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 967,481 3,904,361
Fractional Undivided Interest in Fund Represented by Each Unit . . . . . . . . . . . 1/967,481 st 1/3,904,361 st
Offering Price per 1,000 Units***
Aggregate offering side evaluation of Securities in Fund* . . . . . . . . . . . $ 938,628.00 $ 3,705,429.00
------------ --------------
Divided by number of Units times 1,000 . . . . . . . . . . . . . . . . . . . . . $ 970.18 $ 949.05
Plus the applicable transaction charge** . . . . . . . . . . . . . . . . . . . . 2.43 2.37
------------ --------------
Offering Price per 1,000 Units . . . . . . . . . . . . . . . . . . . . . . . . . $ 972.60 $ 951.42
============ ==============
Sponsor's Repurchase Price Per 1,000 Units (based on offering
side evaluation of underlying Securities) . . . . . . . . . . . . . . . . . . . . $ 970.18 $ 949.05
Redemption Price Per 1,000 Units (based on bid side evaluation
of underlying Securities)**** . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 969.85 $ 948.54
Calculation of Estimated Net Annual Interest Income per 1,000
Units Received in Cash by the Fund
Gross annual income per 1,000 Units . . . . . . . . . . . . . . . . . . . . . . $ 0.45 $ 0.45
Less estimated annual expense per 1,000 Units . . . . . . . . . . . . . . . . . 0.45 0.45
------------ --------------
Net annual income per 1,000 Units . . . . . . . . . . . . . . . . . . . . . . . $ 0.00 $ 0.00
============ ==============
Distributions
Distributions will be made on the first business day
following the maturity of each Security in a Series
to holders of record on the business day immediately
preceding the date of such distribution.
Trustee's Annual Fee
Per $1,000 face amount of underlying Securities (see
Expenses and Charges) $ 0.35 $ 0.35
Evaluator's Fee for Each Evaluation
$.35 for each issue of underlying Securities.
Treating separate maturities as separate issues.
Evaluation Time
3:30 P.M. New York Time
Mandatory Termination Date
January 1, 2035
Minimum Value of Fund
Trust Indenture may be terminated with respect to any
Series if the value of that Series is less than 40% of
the face amount of Securities.
</TABLE>
74
<PAGE>
Investment Summary of Series A+
as of December 31, 1993 (Concluded)
- ---------------------------------------------------------------------------
Series A is a series unit investment trust consisting of nine separate series,
each with its own portfolio. At December 31, 1993, there are four series
which are still outstanding, these are the 1994 Series, the 1995 Series, the
2000 Series and the 2005 Series, designated for the maturities of their
underlying Portfolios (see Portfolios herein).
<TABLE>
<CAPTION>
2000 2005
Series Series
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Face Amount of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,963,103 $ 4,728,778
Number of Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,963,103 4,728,778
Fractional Undivided Interest in Fund Represented by Each Unit . . . . . . . . . . . 1/8,963,103 rd 1/4,728,778 th
Offering Price per 1,000 Units***
Aggregate offering side evaluation of Securities in Fund* . . . . . . . . . . . $ 6,253,008.00 $ 2,358,016.00
-------------- --------------
Divided by number of Units times 1,000 . . . . . . . . . . . . . . . . . . . . . $ 697.64 $ 498.65
Plus the applicable transaction charge** . . . . . . . . . . . . . . . . . . . . 6.98 7.48
-------------- --------------
Offering Price per 1,000 Units . . . . . . . . . . . . . . . . . . . . . . . . . $ 704.62 $ 506.13
============== ==============
Sponsor's Repurchase Price Per 1,000 Units (based on offering
side evaluation of underlying Securities) . . . . . . . . . . . . . . . . . . . . $ 697.64 $ 498.65
Redemption Price Per 1,000 Units (based on bid side evaluation
of underlying Securities)**** . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 695.86 $ 496.48
Calculation of Estimated Net Annual Interest Income per 1,000
Units Received in Cash by the Fund
Gross annual income per 1,000 Units . . . . . . . . . . . . . . . . . . . . . . $ 0.45 $ 0.45
Less estimated annual expense per 1,000 Units . . . . . . . . . . . . . . . . . 0.45 0.45
-------------- --------------
Net annual income per 1,000 Units . . . . . . . . . . . . . . . . . . . . . . . $ 0.00 $ 0.00
============== ==============
Distributions
Distributions will be made on the first business day
following the maturity of each Security in a Series
to holders of record on the business day immediately
preceding the date of such distribution.
Trustee's Annual Fee
Per $1,000 face amount of underlying Securities (see
Expenses and Charges) $ 0.35 $ 0.35
Evaluator's Fee for Each Evaluation
$.35 for each issue of underlying Securities.
Treating separate maturities as separate issues.
Evaluation Time
3:30 P.M. New York Time
Mandatory Termination Date
January 1, 2035
Minimum Value of Fund
Trust Indenture may be terminated with respect to any
Series if the value of that Series is less than 40% of
the face amount of Securities.
<FN>
- --------------
+ The Indenture was signed and the initial deposit was made as of March 20, 1985.
* The aggregate offering side evaluation of the obligations is determined by the Evaluator on the basis of current offering
prices for the obligations.
** The transaction charges currently applicable to the 1994 Series, the 1995 Series, the 2000 Series and the 2005 Series are
.25%, .25%, 1.00% and 1.50% of their respective offering prices per 1,000 Units (.251%, .251%, 1.010% and 1.523%,
respectively, of the net amount invested in Securities).
*** These figures are computed by dividing the aggregate offering side evaluation of the underlying Securities in the
particular Series (the price at which they could be purchased directly by the public if they were available) by the number
of Units of the Series outstanding, multiplying the result times 1,000 and adding the applicable transaction charge as
described in the preceding footnote. These figures assume a purchase of 1,000 Units. The price of a single Unit, or any
multiple thereof, is calculated by dividing the Offering Price per 1,000 Units above by 1,000 and multiplying by the number
of Units.
**** Figures shown are $2.75, $2.88, $8.76, and $9.65 less than the Offering Price per 1,000 Units and $.33, $.51, $1.78 and $2.17
less than the Sponsor's Repurchase Price per 1,000 Units with respect to the 1994 Series, the 1995 Series, the 2000 Series
and the 2005 Series, respectively.
</TABLE>
75
