<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
COMMISSION FILE NUMBER
1-9654
OHM Corporation
(Issuer of the Securities held pursuant to the Plan)
OHM Corporation Retirement Savings Plan
(Full Title of Plan)
16406 U.S. ROUTE 224 EAST, FINDLAY, OH 45840
(Address of principal executive offices) (Zip Code)
(419) 423-3529
(Registrant's telephone number, including area code)
(Mark One):
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1933 (FEE REQUIRED)
X For the fiscal year ended December 31, 1994
- -----
TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
- ----- For the transmission period from ________ to _______
<PAGE> 2
REQUIRED INFORMATION
The following financial statements for the OHM Corporation Retirement Savings
Plan are being filed herewith:
<TABLE>
<CAPTION>
Description Page No.
- ----------- --------
<S> <C>
Audited Financial Statements:
- -----------------------------
Report of Independent Auditors..................................Page 1
Statements of Net Assets Available for Plan Benefits............Page 2
Statements of Changes in Net Assets Available for Plan Benefits Page 4
Notes to Financial Statements...................................Page 6
Schedules
- ---------
Assets Held for Investment......................................Page 11
Transactions or Series of Transactions in Excess of 5% of the
Current Value of Plan Assets..................................Page 12
</TABLE>
The following exhibit will be filed herewith:
<TABLE>
<CAPTION>
Exhibit No. Description Page No.
- ----------- ----------- --------
<S> <C> <C>
1 Consent of Independent Auditors Page 15
</TABLE>
<PAGE> 3
SIGNATURE
Pursuant to the requirements of the Securities Act of 1934, the Plan
Committee members have duly caused this annual report to be signed and
undersigned thereunto duly authorized.
OHM CORPORATION
RETIREMENT SAVINGS PLAN
Date: June 26, 1995 By: /s/ RANDALL M. WALTERS
----------------------
Randall M. Walters
Vice President, General Counsel
and Secretary
Committee Chairman,
OHM Corporation Retirement
Savings Plan Committee
<PAGE> 4
Audited Financial Statements and Schedules
OHM Corporation Retirement Savings Plan
Years ended December 31, 1994 and 1993
with Report of Independent Auditors
<PAGE> 5
OHM Corporation Retirement Savings Plan
Audited Financial Statements and Schedules
Years ended December 31, 1994 and 1993
CONTENTS
Report of Independent Auditors . . . . . . . . . . . . . . . . . . . . . . 1
Audited Financial Statements
Statements of Net Assets Available for Plan Benefits . . . . . . . . . . . 2
Statements of Changes in Net Assets Available
for Plan Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . . 6
Schedules
Assets Held for Investment . . . . . . . . . . . . . . . . . . . . . . . . 11
Transactions or Series of Transactions in Excess of 5% of
the Current Value of Plan Assets . . . . . . . . . . . . . . . . . . . 12
<PAGE> 6
Report of Independent Auditors
Board of Directors
OHM Corporation Retirement Savings Plan
We have audited the accompanying statements of net assets available for plan
benefits of OHM Corporation Retirement Savings Plan as of December 31, 1994 and
1993, and the related statements of changes in net assets available for plan
benefits for the years then ended. 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 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. 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 available for plan benefits of the Plan
at December 31, 1994 and 1993, and the changes in its net assets available for
plan benefits for the years then ended, in conformity with generally accepted
accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The accompanying supplemental schedules
of assets held for investment as of December 31, 1994 and transactions or
series of transactions in excess of 5% of the current value of plan assets for
the year then ended, are presented for purposes of complying with the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974, and are not a required
part of the basic financial statements. The supplemental schedules have been
subjected to the auditing procedures applied in our audit of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the 1994 basic financial statements taken as a whole.
ERNST & YOUNG LLP
Columbus, Ohio
May 5, 1995
1
<PAGE> 7
OHM Corporation Retirement Savings Plan
Statements of Net Assets Available for Plan Benefits
December 31, 1994
<TABLE>
<CAPTION>
(NCB) (NCB) (NCB)
OHM Stable Aggressive (NCB) Equity
Employer Value Growth Balance Index Loan
Stock Fund Fund Fund Fund Fund Fund Total
<S> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Investments:
Interest bearing cash deposits
(overdrafts) $ (27,073) $ 308,125 $ (144,558) $ (61,439) $ (75,055) $ -- $ --
Invested in NCC Money Market Portfolio 68,584 1,531 744,148 485,617 471,212 58 1,771,150
Invested in OHM Common Stock 1,367,489 -- -- -- -- -- 1,367,489
Invested in LaSalle Income Plus
Fund -- 4,223,626 -- -- -- -- 4,223,626
Invested in Putnam Voyager Fund -- -- 3,630,109 -- -- -- 3,630,109
Invested in Fidelity Balanced Fund -- -- -- 2,904,406 -- -- 2,904,406
Invested in S&P 500 Flagship Fund -- -- -- -- 2,231,956 -- 2,231,956
Loans to participants -- -- -- -- -- 202,792 202,792
------------------------------------------------------------------------------------
Total investments 1,409,000 4,533,282 4,229,699 3,328,584 2,628,113 202,850 16,331,528
Receivables:
Interest receivable 37,293 114,408 134,043 83,032 69,304 1,093,364 1,531,444
Due from (to) other funds 268,889 (87,693) (60,604) (111,065) (9,405) (122) --
-------------------------------------------------------------------------------------
Total receivables 306,182 26,715 73,439 (28,033) 59,899 1,093,242 1,531,444
-------------------------------------------------------------------------------------
Total assets 1,715,182 4,559,997 4,303,138 3,300,551 2,688,012 1,296,092 17,862,972
Distribution/refunds payable (3,484) (97,966) (5,733) (29,378) (8,112) (41,089) (185,762)
Other liabilities -- -- -- -- -- -- --
------------------------------------------------------------------------------------
Total liabilities (3,484) (97,966) (5,733) (29,378) (8,112) (41,089) (185,762)
Net assets available ------------------------------------------------------------------------------------
for plan benefits $1,711,698 $4,462,031 $4,297,405 $ 3,271,173 $2,679,900 $1,255,003 $17,677,210
=====================================================================================
</TABLE>
See accompanying notes.
2
<PAGE> 8
OHM Corporation Retirement Savings Plan
Statements of Net Assets Available for Plan Benefits
December 31, 1993
<TABLE>
<Captions>
(Mellon)
OHM (Mellon) (Mellon) Balance (Mellon)
Employer Income Growth Conservative Loan
Stock Fund Fund Fund Fund Fund Total
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Investments:
Interest bearing cash deposits $ 43,986 $ 45,385 $ 185,921 $1,179,999 $ 99 $ 1,455,390
Invested in OHM Common Stock 1,660,796 - - - - 1,660,796
Invested in GIC Fund - 420,675 - - - 420,675
Invested in Vanguard
Fixed Income Securities Fund - 4,367,739 - - - 4,367,739
Invested in EB Stock/Bond Funds - - 3,678,419 2,391,835 - 6,070,254
Loans to participants - - - - 1,737,227 1,737,227
-----------------------------------------------------------------------------------------
Total investments 1,704,782 4,833,799 3,864,340 3,571,834 1,737,326 15,712,081
Receivables:
Interest receivable 15,296 105,837 8,497 25,432 (46) 155,016
Due (to) from other funds (24,976) (203,768) 130,560 98,192 (8) -
-----------------------------------------------------------------------------------------
Total receivables (9,680) (97,931) 139,057 123,624 (54) 155,016
-----------------------------------------------------------------------------------------
Total assets 1,695,102 4,735,868 4,003,397 3,695,458 1,737,272 15,867,097
Distribution/refunds payable (87,782) (85,745) (5,340) (4,970) (15,982) (199,819)
Other liabilities (23,874) (99,667) (73,016) (38,635) (728,848) (964,040)
-----------------------------------------------------------------------------------------
Total liabilities (111,656) (185,412) (78,356) (43,605) (744,830) (1,163,859)
-----------------------------------------------------------------------------------------
Net assets available for plan benefits $1,583,446 $4,550,456 $ 3,925,041 $3,651,853 $992,442 $14,703,238
=========================================================================================
</TABLE>
See accompanying notes.
3
<PAGE> 9
OHM Corporation Retirement Savings Plan
Statements of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 1994
<TABLE>
<CAPTION>
OHM (NCB) (NCB) (NCB)
Employer Stable Aggressive (NCB) Equity
Stock Value Growth Balance Index
Fund Fund Fund Fund Fund
----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ADDITIONS
Investment income (loss) $ 618,224 $ 149,694 $ 25,453 $ 60,952 $ 20,097
Employee contributions 519,900 441,791 558,217 352,036 299,203
Employer contributions 160,759 142,930 181,243 122,422 102,335
Rollover 55,212 38,600 100,377 25,118 35,816
----------------------------------------------------------------------------------
Total additions 1,354,095 773,015 865,290 560,528 457,451
Deduction-benefits/distributions paid
to plan participants and
beneficiaries (294,744) (348,537) (53,940) (51,056) (28,790)
Other:
Net unrealized appreciation
(depreciation) of investments (1,025,030) - 84,858 (108,811) 30,509
Transfers in (out) 93,931 4,037,553 3,401,197 2,870,512 2,220,730
----------------------------------------------------------------------------------
Net increase (decrease) in
deduction and other (1,225,843) 3,689,016 3,432,115 2,710,645 2,222,449
----------------------------------------------------------------------------------
Change in net assets available
for plan benefits 128,252 4,462,031 4,297,405 3,271,173 2,679,900
Net assets available at
December 31, 1993 1,583,446 - - - -
----------------------------------------------------------------------------------
Net assets available at
December 31, 1994 $1,711,698 $4,462,031 $4,297,405 $3,271,173 $2,679,900
==================================================================================
</TABLE>
<TABLE>
<CAPTION>
(Mellon)
(Mellon) (Mellon) Balance
Income Growth Conservative Loan
Fund Fund Fund Fund Total
----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ADDITIONS
Investment income (loss) $ (103,539) $ (139,939) $ (57,154) $ - $ 573,788
Employee contributions 436,734 579,980 432,349 - 3,620,210
Employer contributions 153,270 171,611 140,412 - 1,174,982
Rollover 3,441 27,325 9,610 - 295,499
----------------------------------------------------------------------------------
Total additions 489,906 638,977 525,217 - 5,664,479
Deduction-benefits/distributions paid
to plan participants and
beneficiaries (258,840) (355,380) (217,719) (73,384) (1,682,390)
Other:
Net unrealized appreciation
(depreciation) of investments - - - - (1,018,474)
Transfers in (out) (4,781,522) (4,208,638) (3,959,351) 335,945 10,357
----------------------------------------------------------------------------------
Net increase (decrease) in
deduction and other (5,040,362) (4,564,018) (4,177,070) 262,561 (2,690,507)
----------------------------------------------------------------------------------
Change in net assets available
for plan benefits (4,550,456) (3,925,041) (3,651,853) 262,562 2,973,972
Net assets available at
December 31, 1993 4,550,456 3,925,041 3,651,853 992,442 14,703,238
----------------------------------------------------------------------------------
Net assets available at
December 31, 1994 $ - $ - $ - $1,255,003 $17,677,210
==================================================================================
</TABLE>
See accompanying notes.
4
<PAGE> 10
OHM Corporation Retirement Savings Plan
Statements of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 1993
<TABLE>
<CAPTION>
(Mellon)
OHM (Mellon) (Mellon) Balance
Employer Income Growth Conservative Loan
Stock Fund Fund Fund Fund Fund Total
<S> <C> <C> <C> <C> <C> <C>
ADDITIONS
Investment income $ 75,957 $ 306,427 $ 86,124 $ 124,120 $ 78,804 $ 671,432
Employee contributions 325,211 923,954 896,761 700,921 -- 2,846,847
Employer contributions 102,654 270,575 229,180 196,998 -- 799,407
Rollover 38,867 18,257 62,824 24,982 -- 144,930
----------------------------------------------------------------------------------------
Total additions 542,689 1,519,213 1,274,889 1,047,021 78,804 4,462,616
Deduction-benefits/distributions paid
to plan participants and beneficiaries (231,523) (541,866) (366,117) (388,335) (87,708) (1,615,549)
Other:
Net unrealized appreciation
(depreciation) of investments 541,505 (31,204) 250,496 133,358 -- 894,155
Transfers in (out) (401,347) (505,652) 586,180 123,527 221,215 23,923
-----------------------------------------------------------------------------------------
Net increase (decrease) in deduction
and other (91,365) (1,078,722) 470,559 (131,450) 133,507 (697,471)
-----------------------------------------------------------------------------------------
Change in net assets available for plan
benefits 451,324 440,491 1,745,448 915,571 212,311 3,765,145
Net assets available at
December 31, 1992 1,132,122 4,109,965 2,179,593 2,736,282 780,131 10,938,093
-----------------------------------------------------------------------------------------
Net assets available at
December 31, 1993 $1,583,446 $ 4,550,456 $3,925,041 $3,651,853 $992,442 $14,703,238
=========================================================================================
</TABLE>
See accompanying notes.
<PAGE> 11
OHM Corporation Retirement Savings Plan
Notes to Financial Statements
December 31, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION
The accompanying financial statements have been prepared on the accrual basis
of accounting in accordance with generally accepted accounting principles.
INVESTMENTS
As of June 30, 1994, National City Bank (the Trustee) succeeded Mellon Bank,
N.A., as the Trustee for the OHM Retirement Savings Plan (the Plan). The
Trustee holds, manages, values, invests, reinvests, accounts for and otherwise
deals with each investment fund separately. The current value of the bank
administered trustee funds is obtained from the Trustee of the funds and is
based on published market prices at the statement date. Realized gains or
losses on the sale of investments are the difference between the proceeds
received and the specific cost of investment sold. The change in the
difference between fair value and the cost of investments is reflected in the
statement of changes in net assets available for plan benefits as net
unrealized appreciation (depreciation) in the fair value of investments.
OHM Corporation stock held is valued at the quoted market price at the close of
the last business day for that period.
OPERATING EXPENSES
All administrative expenses of the Plan and all fees and retainers of the
Plan's Trustee, administrator, auditors, and counsel are paid by OHM
Corporation (the Company) or are paid with the assets of the Plan.
6
<PAGE> 12
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
2. DESCRIPTION OF PLAN
The Plan is a defined contribution plan covering all full-time employees of the
Company who were employed by OHM Corporation and its subsidiaries on the
effective date, November 16, 1988. Each employee who is not a participant as
of the effective date will be eligible to become a participant on the first day
of each January, April, July and October subsequent to one year of employment.
The Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974 (ERISA).
The Plan maintains separate accounts for each participant, which are credited
with the participant's voluntary contributions and an allocation of (a) Company
contributions, (b) plan earnings, and (c) forfeitures of non-vested terminated
participants' accounts. Under the Plan, each participant may direct their
contributions and allocations between the OHM Corporation Common Stock Fund
(OHM Employer Stock Fund), Stable Value Fund, Aggressive Growth Fund, Equity
Index Fund, or Balanced Fund.
Effective April 1, 1990, as amended January 1, 1994, the Company implemented an
employer matching contribution. Prior to January 1, 1994, the Company matched
60% and 50% of employee before-tax contributions up to 2% and 4%, and up to 2%
and 6%, of employee wages, respectively, for participants with more than one
but less than five years of service and five or more years of service,
respectively. Beginning January 1, 1994, the Company matches 60% on the first
2% and 50% on the next 4% of a participant's compensation that such participant
contributed as before-tax contribution. Beginning June 1995, all Company
matches will be in OHM Corporation common stock.
In addition, the Company, at its discretion, may make profit sharing
contributions to the Plan for its participants each plan year. Profit sharing
contributions will be allocated to the accounts of each participant in the
ratio that the compensation of each such participant for the plan year bears to
the total compensation of all such participants for the plan year. The Company
made no profit sharing contributions during the years ended December 31, 1994
and 1993, respectively.
An employee may make voluntary contributions to the Plan by payroll deduction,
or by lump sum deposit for rollovers. Employee contributions may not exceed
15% of the employee's pre-tax compensation and/or post-tax compensation subject
to IRS guidelines. Voluntary contributions shall be at all times
non-forfeitable.
7
<PAGE> 13
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
2. DESCRIPTION OF PLAN (CONTINUED)
Under the terms of the Plan, a participant is eligible for normal retirement
upon attainment of age 65, or upon suffering total and permanent disability.
Upon retirement, disability, or death before retirement or disability, the
amount credited to the participant's account, plus any amounts of additional
credit as finally determined at the next valuation date, will be distributed to
the participant.
In the event of the termination of employment of a participant prior to his
normal retirement date, the participant will receive the non-forfeitable
interest in his participant account based on a vesting schedule specified in
the Plan and all of his voluntary contributions account. A participant becomes
100 percent vested after two years of credited service.
Employees working past their normal retirement date are eligible for continued
participation until their retirement date.
The Plan provides for distribution of a participant's account in the form of a
"Life Annuity", "Qualified Joint and Survivor Annuity" or other methods of
payment as described in the Plan.
Participants with prior approval of the Plan Committee are allowed to borrow
against the vested portion of their account and such loans shall bear interest
at a rate established at the date of the loan. Generally, the period of
repayment for any loan cannot exceed five years.
In the event that the Plan is terminated, any account balance a participant may
have accumulated up to that time will become fully vested and non-forfeitable.
8
<PAGE> 14
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
3. INVESTMENTS
During the year ended December 31, 1994 and 1993, the Plan's investments
(depreciated) appreciated in fair value by $(1,018,474) and $894,155,
respectively, as follows:
<TABLE>
<CAPTION>
Net Appreciation
(Depreciation) Fair Value/
in Fair Value/ Contract Value
Contract Value at End
During Year of Year
--------------------------------
<S> <C> <C>
Plan year ended December 31, 1994:
Investment deposits under trustee
National City Bank:
Invested in NCC Money Market Portfolio $ - $ 1,771,150
Invested in OHM Common Stock* (1,025,030) 1,367,489
Invested in LaSalle Income Plus Fund - 4,223,626
Invested in Putnam Voyager Fund 84,858 3,630,109
Invested in Fidelity Balanced Fund (108,811) 2,904,406
Investment in S&P 500 Flagship Fund 30,509 2,231,956
Loans to participants - 202,792
------------------------------
$(1,018,474) $16,331,528
==============================
Plan year ended December 31, 1993:
Investment deposits under trustee
Mellon Bank:
Interest bearing cash deposits $ - $ 1,455,390
Invested in OHM Common Stock* 541,505 1,660,796
Invested in GIC Fund - 420,675
Invested in EB Stock Fund 374,163 5,234,885
Invested in EB Intermediate Bond Fund 9,691 835,369
Investment in Vanguard Fixed Income
Securities Fund (31,204) 4,367,739
Loans to participants - 1,737,227
------------------------------
$ 894,155 $15,712,081
==============================
<FN>
*Indicates party-in-interest to the Plan.
</TABLE>
9
<PAGE> 15
OHM Corporation Retirement Savings Plan
Notes to Financial Statements (continued)
3. INVESTMENTS (CONTINUED)
The fair value of individual investments which represent 5% or more of the
Plan's net assets is as follows:
<TABLE>
<CAPTION>
December 31
1994 1993
---------------------------
<S> <C> <C>
Investment deposits:
Interest bearing cash deposits $ - $1,455,390
Invested in NCC Money Market Portfolio 1,771,150 -
Invested in OHM Common Stock* 1,367,489 1,660,796
Invested in LaSalle Income Plus Fund 4,223,626 -
Invested in Putnam Voyager Fund 3,630,109 -
Invested in Fidelity Balanced Fund 2,904,406 -
Invested in S&P 500 Flagship Fund 2,231,956 -
Invested in EB Stock Fund - 5,234,885
Invested in EB Intermediate Bond Fund - 835,369
Invested in Vanguard Fixed Income
Securities Fund - 4,367,739
Loans to participants - 1,737,227
<FN>
*Indicates party-in-interest to the Plan.
</TABLE>
4. FEDERAL INCOME TAXES
The Internal Revenue Service has ruled that the Plan qualifies under section
401(a) of the Internal Revenue Code and is, therefore, not subject to tax under
present income tax law.
5. ACQUISITION
On December 5, 1994, the Company entered into a definitive agreement, which was
subsequently amended on May 4, 1995, to acquire substantially all of the assets
and certain liabilities of the hazardous and nuclear waste remediation services
business units of Rust International Inc. ("Rust"). As a result of the
acquisition, former employees of Rust will become eligible to rollover vested
benefits from the Rust Employee Benefit Plans into the OHM Retirement Savings
Plan and become participants in the Plan on the acquisition closing date.
10
<PAGE> 16
OHM Corporation Retirement Savings Plan
Assets Held for Investment
December 31, 1994
<TABLE>
<CAPTION>
Description of Investment
Including Maturity Date,
Rate of Interest and Current
Identity of Issuer Par or Maturity Value Cost Value
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
OHM Corporation Common Stock $1,622,969 $1,367,489
NCC Money Market Portfolio Mutual Fund 1,771,150 1,771,150
LaSalle Income Plus Fund Mutual Fund 4,223,626 4,223,626
Putnam Voyager Fund Mutual Fund 3,545,251 3,630,109
Fidelity Balanced Fund Mutual Fund 3,013,217 2,904,406
S&P 500 Flagship Fund Mutual Fund 2,201,447 2,231,956
Loan Fund Loans to Participants 202,792 202,792
</TABLE>
11
<PAGE> 17
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets
Year ended December 31, 1994
<TABLE>
<CAPTION>
Current
Description of Investment Value of
Including Maturity Date, Asset on Net
Rate of Interest and Purchase Selling Cost of Transaction Gain
Identity of Issuer Par or Maturity Value Price Price Asset Date (Loss)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Category (i) - A single transaction in excess of 5% of plan assets
- ------------------------------------------------------------------
NCC Money Market Portfolio Mutual Fund $1,937,732 $ - $1,937,732 $1,937,732 $ -
NCC Money Market Portfolio Mutual Fund - 1,957,000 1,957,000 1,957,000 -
LaSalle Income Plus Fund Mutual Fund 4,722,028 - 4,722,028 4,722,028 -
Putnam Voyager Fund Mutual Fund 3,125,119 - 3,125,199 3,125,199 -
Fidelity Balanced Fund Mutual Fund 2,667,113 - 2,667,113 2,667,113 -
S&P 500 Flagship Fund Mutual Fund 1,957,000 - 1,957,000 1,957,000 -
EB Temporary Investment Fund Mutual Fund - 949,969 949,969 949,969 -
EB Temporary Investment Fund Mutual Fund 949,969 - 949,699 949,969 -
</TABLE>
12
<PAGE> 18
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets (continued)
<TABLE>
<CAPTION>
Current
Description of Investment Value of
Including Maturity Date, Asset on Net
Rate of Interest and Purchase Selling Cost of Transaction Gain
Identity of Issuer Par or Maturity Value Price Price Asset Date (Loss)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Category (iii) - A series of transactions in excess of 5% of plan assets
- ------------------------------------------------------------------------
NCC Money Market Portfolio Mutual Fund
48 sales 5,198,230 - 5,198,230 5,198,230 -
115 purchases - 6,969,381 6,969,381 6,969,381 -
LaSalle Income Plus Fund Mutual Fund
8 sales - 1,003,146 1,003,146 1,003,146 -
8 purchases 5,226,773 - 5,226,773 5,226,773 -
Putnam Voyager Fund Mutual Fund
3 purchases 3,545,251 - 3,545,251 3,545,251 -
Fidelity Balanced Fund Mutual Fund
5 purchases 3,013,217 - 3,013,217 3,013,217 -
S&P Flagship Fund Mutual Fund
3 purchases 2,201,447 - 2,201,447 2,201,447 -
</TABLE>
13
<PAGE> 19
OHM Corporation Retirement Savings Plan
Transactions or Series of Transactions in Excess
of 5% of the Current Value of Plan Assets (continued)
<TABLE>
<CAPTION>
Current
Description of Investment Value of
Including Maturity Date, Asset on Net
Rate of Interest and Purchase Selling Cost of Transaction Gain
Identity of Issuer Par or Maturity Value Price Price Asset Date (Loss)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Category (iii) - A series of transactions in excess of 5% of plan assets (continued)
- ------------------------------------------------------------------------------------
EB Temporary Investment Fund Mutual Fund
49 sales - 2,374,743 2,374,743 2,374,743 -
154 purchases 2,721,435 - 2,741,435 2,721,435 -
VanGuard Fixed Income Securities Mutual Fund
19 sales - 1,068,874 1,068,874 1,068,874 -
25 purchases 1,062,571 - 1,062,571 1,062,571 -
</TABLE>
There were no category (ii) or (iv) reportable transactions during 1994
14
<PAGE> 1
Exhibit 23
Consent of Independent Auditors
We consent to the incorporation by reference in the Registration Statements
(Forms S-8 No. 33-28025 and No. 33-24953) pertaining to the OHM Corporation
Stock Option Plan and OHM Corporation Retirement Savings Plan, respectively,
and in the related Prospectuses of our report dated May 5, 1995, with respect
to the financial statements and schedules of OHM Corporation Retirement Savings
Plan included in the Annual Report (Form 11-K) for the year ended December 31,
1994.
ERNST & YOUNG LLP
Columbus, Ohio
June 26, 1995
