<PAGE>
PAGE 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
[ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year end December 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from to
Commission file number 1-9618
NAVISTAR RETIREMENT ACCUMULATION PLAN
-------------------------------------
(Full Title of the Plan)
NAVISTAR INTERNATIONAL CORPORATION
----------------------------------
455 North Cityfront Plaza Drive
Chicago, Illinois 60611
(Name of Issuer of the securities held pursuant
to the plan and the address of its principal executive office)
<PAGE>
PAGE 2
REQUIRED INFORMATION
Navistar Retirement Accumulation Plan ("Plan") is subject to the
Employee Retirement Income Security Act of 1974 ("ERISA"). Therefore, in lieu of
the requirements of Items 1-3 of Form 11-K, the financial statements and
schedules of the Plan as of December 31, 1997 and 1996, and for the years then
ended, which have been prepared in accordance with the financial reporting
requirements of ERISA, are attached hereto as Appendix 1 and incorporated herein
by this reference.
EXHIBITS
--------
Exhibit Number Description 11-K Page
- -------------- ----------- ---------
23 Consent of Deloitte & Touche LLP E-1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Plan Administrator for the Plan has duly caused this annual report to be
signed on its behalf by the undersigned hereunto duly authorized.
Navistar Retirement Accumulation Plan
--------------------------------------
By: Navistar International Transportation Corp.
Plan Administrator
By: Mark T. Schwetschenau
-----------------------------------
Name: Mark T. Schwetschenau
Title: Vice President and Controller
(Principal Accounting Officer)
June 26, 1998
<PAGE>
APPENDIX 1
NAVISTAR RETIREMENT ACCUMULATION PLAN
- -------------------------------------
TABLE OF CONTENTS
----------------- Page
----
INDEPENDENT AUDITORS' REPORT 2
FINANCIAL STATEMENTS AS OF DECEMBER 31, 1997 AND 1996
AND FOR THE YEARS THEN ENDED:
Statements of Net Assets Available for Benefits 3
Statements of Changes in Net Assets
Available for Benefits 4
Notes to Financial Statements 5
SUPPLEMENTAL SCHEDULES AS OF DECEMBER 31, 1997 AND
FOR THE YEAR THEN ENDED:
Schedule of Assets Held for Investment Purposes -
Item 27(a) (Schedule I) 12
Schedule of Reportable Transactions - Item 27(d) (Schedule II) 13
All other schedules are omitted because of the absence of the conditions
under which they are required.
----------------------------------------------------------------------------
- 1 -
<PAGE>
INDEPENDENT AUDITORS' REPORT
Navistar International Transportation Corp:
We have audited the accompanying financial statements of the Navistar Retirement
Accumulation Plan (the "Plan") as of December 31, 1997 and 1996, and for the
years then ended, listed in the table of contents. 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, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan at December 31, 1997
and 1996 and the changes in net assets available for benefits for the years then
ended in conformity with generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The accompanying supplemental schedules
listed in the table of contents 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. These schedules are the responsibility of the
Plan's management. Such supplemental schedules have been subjected to the
auditing procedures applied in the audit of the basic 1997 financial statements
and, in our opinion, are fairly stated in all material respects when considered
in relation to the basic 1997 financial statements taken as a whole.
DELOITTE & TOUCHE LLP
May 22, 1998
Chicago, Illinois
- 2 -
<PAGE>
NAVISTAR RETIREMENT ACCUMULATION PLAN
- -------------------------------------
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1997 AND 1996
- -----------------------------------------------
<TABLE>
<CAPTION>
1997 1996
----------- -----------
<S> <C> <C>
ASSETS
INVESTMENTS:
Navistar Pooled Stock Master Trust Fund - at market value
(1997 -21,643 units of participation, cost $122,450) $ 142,410 $ -
American Express Trust Collective Income Fund II -
at market value (1997 - 12,411 shares,
cost $214,271) 219,663 -
American Express Trust Equity Index Fund - at
market value (1997 - 8,879 shares,
cost $219,017) 241,973 -
IDS Selective Fund (Y) - at market value
(1997 - 7,537 shares, cost $69,103) 69,193 -
IDS New Dimensions Fund (Y) - at market
value (1997 - 15,428 shares, cost $370,122) 368,141 -
Templeton Foreign Fund - at market value
(1997 - 13,169 shares, cost $147,440) 131,028 -
Frank Russell Aggressive Balanced Fund
(1997 - 18,101 shares, cost $198,372) 229,480 -
Participant loans 56,219 -
----------- -----------
Total investments 1,458,107 -
RECEIVABLES:
Participant pre-tax contributions 25,014 -
Employer discretionary retirement contributions 701,483 168,548
Employer matching contributions 34,841 -
----------- -----------
Total receivables 761,338 168,548
----------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $ 2,219,445 $ 168,548
=========== ===========
<FN>
See notes to financial statements.
- -----------------------------------------------------------------------------------------------------
</FN>
</TABLE>
- 3 -
<PAGE>
NAVISTAR RETIREMENT ACCUMULATION PLAN
- -------------------------------------
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, 1997 AND 1996
- ----------------------------------------------------------
<TABLE>
<CAPTION>
1997 1996
----------- -----------
<S> <C> <C>
ADDITIONS TO NET ASSETS:
Investment income:
Net realized/unrealized appreciation
in fair value of investments $ 66,123 $ -
Interest and dividend income 43,178 -
----------- -----------
Total investment income 109,301 -
Contributions:
Participant pre-tax contributions 184,576 -
Employer discretionary retirement contributions 701,483 168,548
Employer matching contributions 65,037 -
----------- -----------
Total contributions 951,096 168,548
Rollovers from other qualified plans 700,145 -
Transfers from other qualified plans - net 293,949 -
----------- -----------
Total additions to net assets 2,054,491 168,548
----------- -----------
DEDUCTIONS FROM NET ASSETS:
Benefits paid to participants 2,741 -
Other 853 -
----------- -----------
Total deductions from net assets 3,594 -
----------- -----------
Net increase 2,050,897 168,548
NET ASSETS AVAILABLE FOR BENEFITS:
BEGINNING OF YEAR 168,548 -
----------- -----------
END OF YEAR $ 2,219,445 $ 168,548
=========== ===========
<FN>
See notes to financial statements.
- --------------------------------------------------------------------------------
</FN>
</TABLE>
- 4 -
<PAGE>
NAVISTAR RETIREMENT ACCUMULATION PLAN
- -------------------------------------
NOTES TO FINANCIAL STATEMENTS FOR THE YEARS
ENDED DECEMBER 31, 1997 AND 1996
- -------------------------------------------
1. DESCRIPTION OF THE PLAN
The following description of the Navistar Retirement Accumulation Plan
(the "Plan") provides only general information. Participants should
refer to the Plan document for a complete description of the Plan's
provisions.
General - The Plan is sponsored by Navistar International
Transportation Corp. (the "Company") to provide savings and retirement
benefits for certain eligible salaried employees of the Company and of
certain of its affiliates that are participating under the Plan who
were first hired on or after January 1, 1996 and who meet certain
length of service requirements. The Plan was established January 1,
1996, and has subsequently been amended to maintain qualification under
Sections 401(a), 401(k) and 501 of the Internal Revenue Code of 1986
and to modify the provisions of the Plan. Administrative expenses
relating to the Plan are paid by the Company.
The Trustee, American Express Trust, is authorized to hold and invest
the assets of the Plan in accordance with the provisions of the Trust
Agreement between the Company and the Trustee.
Contributions - Contributions may be made to the Plan only on a pre-tax
basis. Pre-tax salary reduction contributions to the Plan are subject
to annual maximum limits equal to the lesser of 15 percent of a
participant's annual compensation or a prescribed dollar amount,
indexed for inflation ($9,500 for 1997). Subject to Company approval,
certain eligible employees are allowed to make rollover contributions
to the Plan, if such contributions satisfy applicable regulations. Such
employees are not required to be participants in the pre-tax salary
reduction portion of the Plan and no pre-tax salary reduction
contributions may be made until such time as such employees would
otherwise become eligible to and do elect participation in that portion
of the Plan.
The Plan permits the Company to make matching and discretionary
contributions. Company matching and discretionary contributions are
subject to a vesting schedule based upon the participant's length of
employment, and fully vest upon completion of five years of service.
The Company matches 50 percent of the first 6 percent of eligible
compension deferred by the participant. Discretionary retirement
contributions are allocated to eligible members based on the
participant's age at year-end and eligible compensation.
Non-vested Company matching and discretionary contributions are
forfeited when a participant retires or terminates service. Such
forfeitures are used to offset future Company contributions. Salary
reduction contributions and rollover contributions are fully vested
immediately.
Investment Options - Participants may direct the investment of their
pre-tax salary reduction and rollover account assets as follows:
- 5 -
<PAGE>
1. DESCRIPTION OF THE PLAN (continued)
American Express Trust Collective Income Fund II is a diversified
pool of investment contracts varying in maturity date, size and
yield and short-term cash instruments;
American Express Trust Equity Index Fund is a collective
investment fund which invests primarily in nearly all of the same
stocks as are in the Standard & Poor's 500 stock index;
IDS Selective Fund (Y) is a mutual fund which invests primarily
in investment grade corporate bonds, government bonds, and other
debt securities;
IDS New Dimensions Fund (Y) is a mutual fund which invests
primarily in ordinary common stock of United States companies;
Templeton Foreign Fund is a specialty growth fund which invests
primarily in common stocks and other securities of companies and
governments outside the United States.
Effective May 1, 1997, the Navistar International Corporation
Common Stock Pooled Fund was added as an investment option within
this Plan. Navistar International Corporation Common Stock Pooled
Fund is a pool consisting primarily of Navistar International
Corporation Common Stock and a small amount of short-term cash
investments. Navistar International Corporation ("Navistar") is
the parent of the Company.
The shares of Navistar International Corporation and the units of
a money market fund are pooled and represented by units of the
Company Stock Pool (the "Pool"). The value of each unit of the
Pool is represented in terms of "net asset value" ("NAV"). The NAV
per unit of the Pool is determined by dividing the value of all
assets of the Pool by the total number of outstanding units of the
Pool.
The Navistar International Corporation Common Stock Pooled Fund
became a master trust ("Master Trust Fund") effective July 1,
1997.
The plans participating in the master trust are allocated units
of the Pool based on their respective percent interest and share
in the assets of the Pool, investment income generated by assets
of the Pool, and the gains/losses of the assets of the Pool by way
of the increase/decrease of the NAV of each participating plan's
allocated units of the Pool. Except for the fact that each
participating plan may hold a different number of units of the
Pool, each participating plan shares equally in the assets and
investment experience of the Pool since the same NAV applies to
all units of the Pool.
- 6 -
<PAGE>
1. DESCRIPTION OF THE PLAN (continued)
The participating plans in the Master Trust Fund and their percent
interest as of December 31, 1997, is as follows:
Navistar International Transportation Corp.
401(k) Retirement Savings Plan 83.7%
Navistar International Transportation Corp.
401(k) Plan for Represented Employees 13.7%
Navistar Retirement Accumulation Plan 2.6%
Investment of Company Matching and Discretionary
Contributions - The Company controls the investment of these
contributions. The Company employs professional investment managers, as
selected by the Pension Fund Investment Committee of the Company, to
manage such investment portfolio. It is intended that the assets will
be invested on a long-term basis, consistent with the purpose of the
Plan to provide retirement benefits. Such Plan assets for the years
ended December 31, 1997 and 1996 were invested in the Frank Russell
Aggressive Balanced Fund. This fund is a specialty balanced fund which
invests in common stocks of United States and foreign companies and in
intermediate bonds.
Participant Accounts - Contributions and assets allocated to a specific
investment fund are commingled with those of other participants and are
invested in accordance with the nature of the specific fund. Realized
gains and losses, unrealized appreciation and depreciation, and
dividends and interest are allocated to participants based on their
proportionate share of the funds. Fund managers' fees are charged to
participants' accounts as a reduction of the return earned on each
investment option.
Loans to Participants - Participants may borrow from their fund
accounts a minimum of $1,000 up to the lesser of 50% of their vested
account balance or $50,000. Company matching and discretionary
contributions are not available for loans. Loan transactions are
treated as a transfer between the applicable investment funds and the
loan fund. Loan terms range from 1 to 5 years, with the exception of
loans made for the purchase of a principal residence, which must be
repaid in installments over a period of up to ten years. The loans are
secured by the balance in the participant's account and bear interest
at a rate commensurate with local prevailing rates as determined by the
Plan Administrator.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation - The financial statements of the Plan are
presented on the accrual basis of accounting. All investments are
presented at published market values. The loans to participants are
valued at cost which approximates market value. Security transactions
are accounted for on the trade date. Dividend income is accrued on the
ex-dividend date.
- 7 -
<PAGE>
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Use of Estimates - The preparation of financial statements in
conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
Valuation of Investments - Unrealized appreciation or depreciation on
investments is determined by comparing the fair value of these separate
funds at the current year-end, net of contributions made during the
year, to their respective fair values at the preceding year-end.
Realized gains or losses are determined by comparing net sales proceeds
to the fair value of the investment at the preceding year-end.
Participant Withdrawals - As of December 31, 1997 and December 31,
1996, there were no benefits which were due to former participants who
have withdrawn from participation in the Plan. Benefits are recorded
when paid.
3. TAX STATUS OF THE PLAN
Application will be made to the Internal Revenue Service for a
determination letter that the Plan qualifies under Sections 401(a) and
401(k) of the Internal Revenue Code of 1986 (the "Code"). The Company
believes that the Plan is currently designed and being operated in
compliance with the applicable requirements of the Code and thus the
Plan and related trust are exempt from federal income taxes under
Section 501(a) of the Code as of the financial statement date.
4. VOLUNTARY WITHDRAWAL
Participants may request either an in-service or hardship withdrawal of
certain of their account assets. Participants may only withdraw
authorized pre-tax salary reduction contributions after attaining age
59-1/2, or on a hardship basis prior to attaining age 59-1/2. Company
matching and discretionary contributions and investment earnings
thereon are not eligible for in-service withdrawal.
5. TERMINATION OF EMPLOYMENT
A participant's vested account is distributable at the time a
participant separates from service with the Company, suffers a total
and permanent disability or dies.
When the participant terminates employment, the vested portion of the
account will be distributed if the asset value is $3,500 or less. If
the asset value is more than $3,500, the participant has the option of
receiving the account upon separation or deferring receipt until age
65. Accounts are distributed in a single sum. If the account includes
100 or more shares of Navistar Common Stock, the distribution of that
portion of the account will be made in the form of full shares of
Common Stock and a cash payment for any fractional shares. For accounts
with less than 100 shares of Navistar Common Stock, the distribution
will be made in cash.
- 8 -
<PAGE>
6. AMENDMENT OR TERMINATION OF THE PLAN
Although the Company expects to continue the Plan indefinitely, the
Company, at its discretion, reserves the right to amend, modify,
suspend or terminate the Plan, provided that no such action shall
deprive any person of any rights to contributions made under the Plan.
If the Plan is terminated or contributions thereto have been completely
discontinued, the rights of all participants to the amounts credited to
their accounts shall be non-forfeitable and the interest of each
participant in the funds will be distributed to such participant or his
or her beneficiary in accordance with the Plan terms and the Code. If
the Plan is terminated, Plan participants will become fully vested in
any funds allocated to them.
7. INVESTMENTS EXCEEDING 5 PERCENT OF NET ASSETS
The Plan's investments which exceeded 5 percent of net assets available
for benefits as of December 31, 1997 is as follows:
1997
--------
Navistar Pooled Stock Master Trust Fund $142,410
American Express Trust Collective Income Fund II 219,663
American Express Trust Equity Index Fund 241,973
IDS New Dimensions Fund (Y) 368,141
Templeton Foreign Fund 131,028
Frank Russell Aggressive Balanced Fund 229,480
8. TRANSACTIONS IN EMPLOYER SECURITIES
The Common Stock of Navistar was purchased, distributed and sold by the
Trustee during the Plan year ended December 31, as follows:
<TABLE>
<CAPTION>
<S> <S> <S> <S> <S>
Net
Sold Gain on
Plan Year Purchased Distributed (at cost) Disposal
--------- --------- ----------- --------- --------
<C> <C> <C> <C> <C>
1997 $144,867 $ - $ 22,417 $ 5,276
==== ========= ========== ========== =========
</TABLE>
- 9 -
<PAGE>
9. BY FUND INFORMATION
Investment income, participant pre-tax contributions, benefits paid
to participants and transfers from other qualified plans, by separate
investment fund, is as follows for the year ended December 31, 1997.
1997
---------
Net realized/unrealized
appreciation (depreciation)
in fair value of investments:
Navistar Pooled Stock Master Trust Fund $ 25,236
American Express Trust Collective Income Fund II 1,617
American Express Trust Equity Index Fund 23,334
IDS Selective Fund (Y) 114
IDS New Dimensions Fund (Y) 481
Templeton Foreign Fund (15,937)
Frank Russell Aggressive Balanced Fund 31,278
---------
Total $ 66,123
=========
Interest and dividend income:
Navistar Pooled Stock Master Trust Fund $ (514)
American Express Trust Collective Income Fund II 1
American Express Trust Equity Index Fund 172
IDS Selective Fund (Y) 2,287
IDS New Dimensions Fund (Y) 27,941
Templeton Foreign Fund 12,980
Frank Russell Aggressive Balanced Fund 311
---------
Total $ 43,178
=========
Participant pre-tax contributions:
Navistar Pooled Stock Master Trust Fund $ 6,342
American Express Trust Collective Income Fund II 12,031
American Express Trust Equity Index Fund 52,679
IDS Selective Fund (Y) 12,355
IDS New Dimensions Fund (Y) 67,573
Templeton Foreign Fund 33,596
Frank Russell Aggressive Balanced Fund -
---------
Total $ 184,576
=========
Benefits paid to participants:
Navistar Pooled Stock Master Trust Fund $ -
American Express Trust Collective Income Fund II -
American Express Trust Equity Index Fund 1,842
IDS Selective Fund (Y) -
IDS New Dimensions Fund (Y) 899
Templeton Foreign Fund -
Frank Russell Aggressive Balanced Fund -
Participant loans -
---------
Total $ 2,741
=========
- 10 -
<PAGE>
9. BY FUND INFORMATION (continued)
1997
---------
Transfers from other qualified plans - net:
Navistar Pooled Stock Master Trust Fund $ 83,730
American Express Trust Collective Income Fund II 5,748
American Express Trust Equity Index Fund 65,765
IDS Selective Fund (Y) 21,802
IDS New Dimensions Fund (Y) 75,548
Templeton Foreign Fund 36,979
Frank Russell Aggressive Balanced Fund -
Participant loans 4,377
---------
Total $ 293,949
=========
10. SUBSEQUENT EVENTS
Based on closing market prices on May 22, 1998, the market values of
the Plan's investments held at December 31, 1997 have increased from
the market value amounts shown in the Statement of Net Assets Available
For Benefits, as follows:
Navistar Pooled Stock Master Trust Fund $ 48,307
American Express Trust Collective Income Fund II 5,138
American Express Trust Equity Index Fund 32,160
IDS Selective Fund (Y) 121
IDS New Dimensions Fund (Y) 46,623
Templeton Foreign Fund 13,037
Frank Russell Aggressive Balanced Fund 29,287
--------
Net increase in market value $174,673
========
- 11 -
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE I
NAVISTAR RETIREMENT ACCUMULATION PLAN
- -------------------------------------
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES - ITEM 27(a), DECEMBER 31, 1997
- -------------------------------------------------------------------------------
<C> <S> <S> <S> <S>
DESCRIPTION OF INVESTMENT,
INCLUDING MATURITY DATE,
IDENTITY OF ISSUE, BORROWER, RATE OF INTEREST, COLLATERAL,
(1) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE COST MARKET VALUE
- --- -------------------------------- --------------------------------------- ----------- ------------
<C> <S> <S> <C> <C>
* Navistar Pooled Stock Master Trust Fund 21,643 units of participation $ 122,450 $ 142,410
American Express Trust Collective Income Fund II 12,411 shares of beneficial
interest, collective investment fund 214,271 219,663
American Express Trust Equity Index Fund 8,879 shares of beneficial
interest, collective investment fund 219,017 241,973
IDS Selective Fund (Y) 7,537 shares of beneficial
interest, mutual fund 69,103 69,193
IDS New Dimensions Fund (Y) 15,428 shares of beneficial
interest, mutual fund 370,122 368,141
Templeton Foreign Fund 13,169 shares of beneficial
interest, specialty growth mutual fund 147,440 131,028
Frank Russell Aggressive Balanced Fund 18,101 shares of beneficial interest,
specialty aggressive growth fund 198,372 229,480
Participant Loans Interest rates ranging from 8.09% - 9.50%,
(maturing 2000 through 2007) 56,219 56,219
------------ -----------
TOTAL INVESTMENTS $ 1,396,994 $ 1,458,107
============ ===========
<FN>
(1) An asterisk indicates a party-in-interest.
- -----------------------------------------------------------------------------------------------------------------------------------
</FN>
</TABLE>
-12-
<PAGE>
SCHEDULE II
-----------
NAVISTAR RETIREMENT ACCUMULATION PLAN
- -------------------------------------
SCHEDULE OF REPORTABLE TRANSACTIONS - ITEM 27(d)
YEAR ENDED DECEMBER 31, 1997
- --------------------------------------------------------------------------------
See attached trustee statements for detailed lists of reportable transactions.
Note: The attached lists of reportable transactions, provided by American
Express Trust, were determined by comparing the current value of
the transactions, or series of transactions, on the transaction
date(s), with five percent of the current value of the Trust assets
at the beginning of the Plan year; and, as such, may include
transactions which represent 5 percent of the assets of the Trust,
but may not represent transactions which represent 5 percent of
Plan assets.
- --------------------------------------------------------------------------------
-13-
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
BEGINNING MARKET VALUE 0
COMPARATIVE VALUE (5%) 0
- --------------------- -
CATEGORY 1 - SINGLE TRANSACTION EXCEEDS 5% OF VALUE
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
2/4/97 B 4 21.846 0 98- * 98
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
3/3/97 B 29 21.403 0 626- * 626
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
3/6/97 B 1,635 21.423 0 35,022- * 35,022
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
3/7/97 B 1,620 21.754 0 35,243- * 35,243
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
3/17/97 B 28 21.411 0 603- * 603
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
3/31/97 B 49 20.854 0 1,027- * 1,027
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
4/3/97 B 76 20.489 0 1,553- * 1,553
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
4/15/97 S 18 20.182 0 370 * 395 -25
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
4/16/97 B 68 20.366 0 1,386- * 1,386
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
4/17/97 B 49 20.483 0 996- * 996
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
5/1/97 B 74 21.503 0 1,595- * 1,595
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
5/6/97 B 52 22.241 0 1,155- * 1,155
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
5/13/97 B 82 22.502 0 1,852- * 1,852
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
5/16/97 B 67 22.679 0 1,521- * 1,521
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
5/27/97 B 2,045 22.762 0 46,549- * 46,549
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
6/5/97 B 98 22.548 0 2,203- * 2,203
</TABLE>
- 14 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
6/10/97 B 54 23.084 0 1,235- * 1,235
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
6/17/97 B 79 23.769 0 1,887- * 1,887
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
7/2/97 B 126 23.699 0 2,976- * 2,976
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
7/16/97 B 93 25.193 0 2,346- * 2,346
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
7/17/97 B 105 25.592 0 2,682- * 2,682
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
7/29/97 B 19 25.276 0 484- * 484
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
7/30/97 B 61 25.457 0 1,561- * 1,561
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/4/97 B 235 25.56 0 6,015- * 6,015
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/7/97 B 966 25.871 0 25,000- * 25,000
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/11/97 B 148 25.662 0 3,796- * 3,796
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/12/97 S 465 25.194 0 11,723 * 10,618 1,105
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/13/97 B 2,572 24.857 0 63,931- * 63,931
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/19/97 B 75 24.501 0 1,841- * 1,841
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/21/97 B 540 25.271 0 13,637- * 13,637
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/27/97 B 7 24.603 0 178- * 178
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
8/28/97 B 435 24.608 0 10,693- * 10,693
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
9/4/97 B 160 25.033 0 4,013- * 4,013
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
9/5/97 B 3 25.119 0 77- * 77
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
9/9/97 B 26 25.14 0 648- * 648
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
9/9/97 S 3 25.098 0 67 * 63 4
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
9/19/97 B 155 25.448 0 3,941- * 3,941
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
9/26/97 B 30 25.285 0 770- * 770
</TABLE>
- 15 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
9/29/97 B 32 25.456 0 825- * 825
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
10/1/97 B 192 25.419 0 4,891- * 4,891
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
10/2/97 S 2 25.57 0 61 * 57 5
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
10/9/97 B 1,250 26.198 0 32,741- * 32,741
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
10/10/97 B 1 26.198 0 23- * 23
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
10/16/97 B 137 26.06 0 3,565- * 3,565
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/3/97 B 236 24.617 0 5,810- * 5,810
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/5/97 S 818 25.332 0 20,722 * 19,536 1,186
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/6/97 B 4 25.533 0 112- * 112
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/10/97 S 8 25.023 0 207 * 197 9
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/13/97 B 633 24.255 0 15,351- * 15,351
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/17/97 B 182 24.884 0 4,531- * 4,531
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/19/97 B 8 25.087 0 194- * 194
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
11/25/97 B 5 25.264 0 122- * 122
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/1/97 B 283 25.57 0 7,242- * 7,242
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/2/97 B 215 26.163 0 5,620- * 5,620
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/3/97 S 39 26.044 0 1,009 * 929 80
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/10/97 S 26 26.155 0 693 * 635 57
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/15/97 B 374 25.303 0 9,456- * 9,456
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/17/97 S 11 25.695 0 295 * 276 19
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/22/97 B 187 25.398 0 4,750- * 4,750
ISSUE : 449444306 - IDS NEW DIMENSIONS FUND Y
12/23/97 B 69 25.286 0 1,752- * 1,752
</TABLE>
- 16 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 449444306 IDS NEW DIMENSIONS FUND Y
12/29/97 S 32 24.719 0 801 * 779 22
ISSUE : 449444306 IDS NEW DIMENSIONS FUND Y
12/30/97 B 1,178 23.336 0 27,479- * 27,479
ISSUE : 449478304 IDS SELECTIVE FUND Y
2/4/97 B 2 9.098 0 22- * 22
ISSUE : 449478304 - IDS SELECTIVE FUND Y
2/27/97 B 0 9.091 0 0- * 0
ISSUE : 449478304 - IDS SELECTIVE FUND Y
3/3/97 B 14 9.05 0 125- * 125
ISSUE : 449478304 - IDS SELECTIVE FUND Y
3/6/97 B 1,555 9.024 0 14,031- * 14,031
ISSUE : 449478304 - IDS SELECTIVE FUND Y
3/7/97 B 420 9.025 0 3,788- * 3,788
ISSUE : 449478304 - IDS SELECTIVE FUND Y
3/17/97 B 7 8.978 0 65- * 65
ISSUE : 449478304 - IDS SELECTIVE FUND Y
3/31/97 B 8 8.942 0 74- * 74
ISSUE : 449478304 - IDS SELECTIVE FUND Y
3/31/97 B 6 8.894 0 57- * 57
ISSUE : 449478304 - IDS SELECTIVE FUND Y
4/17/97 B 7 8.892 0 63- * 63
ISSUE : 449478304 - IDS SELECTIVE FUND Y
4/29/97 B 12 8.888 0 109- * 109
ISSUE : 449478304 - IDS SELECTIVE FUND Y
5/1/97 B 13 8.967 0 118- * 118
ISSUE : 449478304 - IDS SELECTIVE FUND Y
5/13/97 B 103 9.007 0 926- * 926
ISSUE : 449478304 - IDS SELECTIVE FUND Y
5/16/97 B 10 9.003 0 88- * 88
ISSUE : 449478304 - IDS SELECTIVE FUND Y
5/29/97 B 11 8.947 0 100- * 100
ISSUE : 449478304 - IDS SELECTIVE FUND Y
6/5/97 B 36 9.018 0 320- * 320
ISSUE : 449478304 - IDS SELECTIVE FUND Y
6/10/97 B 14 9.042 0 124- * 124
ISSUE : 449478304 - IDS SELECTIVE FUND Y
6/17/97 B 19 9.104 0 177- * 177
ISSUE : 449478304 - IDS SELECTIVE FUND Y
6/27/97 B 12 9.069 0 109- * 109
ISSUE : 449478304 - IDS SELECTIVE FUND Y
7/2/97 B 60 9.086 0 542- * 542
ISSUE : 449478304 - IDS SELECTIVE FUND Y
7/16/97 B 22 9.173 0 201- * 201
</TABLE>
- 17 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 449478304 - IDS SELECTIVE FUND Y
7/17/97 B 194 9.204 0 1,788- * 1,788
ISSUE : 449478304 - IDS SELECTIVE FUND Y
7/28/97 B 12 9.215 0 115- * 115
ISSUE : 449478304 - IDS SELECTIVE FUND Y
7/29/97 B 367 9.23 0 3,387- * 3,387
ISSUE : 449478304 - IDS SELECTIVE FUND Y
7/30/97 B 51 9.253 0 471- * 471
ISSUE : 449478304 - IDS SELECTIVE FUND Y
8/4/97 B 25 9.218 0 229- * 229
ISSUE : 449478304 - IDS SELECTIVE FUND Y
8/11/97 B 436 9.18 0 4,005- * 4,005
ISSUE : 449478304 - IDS SELECTIVE FUND Y
8/19/97 B 30 9.177 0 276- * 276
ISSUE : 449478304 - IDS SELECTIVE FUND Y
8/27/97 B 0 9.096 0 2- * 2
ISSUE : 449478304 - IDS SELECTIVE FUND Y
8/27/97 S 39 9.097 0 356 * 356 1
ISSUE : 449478304 - IDS SELECTIVE FUND Y
8/28/97 B 18 9.101 0 165- * 165
ISSUE : 449478304 - IDS SELECTIVE FUND Y
8/28/97 B 492 9.101 0 4,479- * 4,479
ISSUE : 449478304 - IDS SELECTIVE FUND Y
9/4/97 B 107 9.13 0 977- * 977
ISSUE : 449478304 - IDS SELECTIVE FUND Y
9/9/97 B 0 9.091 0 0- * 0
ISSUE : 449478304 - IDS SELECTIVE FUND Y
9/9/97 S 2 9.106 0 22 * 22 0
ISSUE : 449478304 - IDS SELECTIVE FUND Y
9/19/97 B 50 9.229 0 459- * 459
ISSUE : 449478304 - IDS SELECTIVE FUND Y
9/26/97 B 19 9.218 0 179- * 179
ISSUE : 449478304 - IDS SELECTIVE FUND Y
9/26/97 B 14 9.218 0 128- * 128
ISSUE : 449478304 - IDS SELECTIVE FUND Y
9/29/97 B 89 9.236 0 825- * 825
ISSUE : 449478304 - IDS SELECTIVE FUND Y
10/1/97 B 141 9.219 0 1,304- * 1,304
ISSUE : 449478304 - IDS SELECTIVE FUND Y
10/9/97 B 1,668 9.241 0 15,410- * 15,410
ISSUE : 449478304 - IDS SELECTIVE FUND Y
10/14/97 B 0 9.208 0 0- * 0
ISSUE : 449478304 - IDS SELECTIVE FUND Y
10/14/97 S 19 9.209 0 177 * 175 1
</TABLE>
- 18 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 449478304 - IDS SELECTIVE FUND Y
10/16/97 B 48 9.229 0 447- * 447
ISSUE : 449478304 - IDS SELECTIVE FUND Y
10/29/97 B 29 9.224 0 267- * 267
ISSUE : 449478304 - IDS SELECTIVE FUND Y
11/3/97 B 159 9.267 0 1,472- * 1,472
ISSUE : 449478304 - IDS SELECTIVE FUND Y
11/6/97 B 48 9.223 0 447- * 447
ISSUE : 449478304 - IDS SELECTIVE FUND Y
11/13/97 B 93 9.245 0 861- * 861
ISSUE : 449478304 - IDS SELECTIVE FUND Y
11/17/97 B 68 9.254 0 629- * 629
ISSUE : 449478304 - IDS SELECTIVE FUND Y
11/19/97 B 5 9.264 0 43- * 43
ISSUE : 449478304 - IDS SELECTIVE FUND Y
11/25/97 B 11 9.256 0 98- * 98
ISSUE : 449478304 - IDS SELECTIVE FUND Y
11/26/97 B 29 9.267 0 273- * 273
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/1/97 B 174 9.271 0 1,609- * 1,609
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/3/97 B 0 9.272 0 1- * 1
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/3/97 S 106 9.273 0 984 * 971 13
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/15/97 B 860 9.297 0 7,998- * 7,998
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/17/97 B 28 9.279 0 258- * 258
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/22/97 B 70 9.284 0 653- * 653
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/23/97 B 30 9.277 0 280- * 280
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/29/97 B 97 9.176 0 893- * 893
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/29/97 S 90 9.253 0 835 * 827 8
ISSUE : 449478304 - IDS SELECTIVE FUND Y
12/31/97 S 1 9.168 0 11 * 11 0
ISSUE : 880196209 TEMPLETON FOREIGN FUND
2/4/97 B 3 10.497 0 33- * 33
ISSUE : 880196209 TEMPLETON FOREIGN FUND
3/3/97 B 25 10.61 0 267- * 267
ISSUE : 880196209 TEMPLETON FOREIGN FUND
3/6/97 B 130 10.64 0 1,380- * 1,380
</TABLE>
- 19 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 880196209 TEMPLETON FOREIGN FUND
3/7/97 B 2,834 10.71 0 30,352- * 30,352
ISSUE : 880196209 TEMPLETON FOREIGN FUND
3/17/97 B 21 10.69 0 229- * 229
ISSUE : 880196209 TEMPLETON FOREIGN FUND
3/31/97 B 40 10.74 0 431- * 431
ISSUE : 880196209 TEMPLETON FOREIGN FUND
4/3/97 B 354 10.54 0 3,730- * 3,730
ISSUE : 880196209 TEMPLETON FOREIGN FUND
4/15/97 B 35 10.53 0 370- * 370
ISSUE : 880196209 TEMPLETON FOREIGN FUND
4/17/97 B 64 10.62 0 676- * 676
ISSUE : 880196209 TEMPLETON FOREIGN FUND
5/1/97 B 75 10.78 0 813- * 813
ISSUE : 880196209 TEMPLETON FOREIGN FUND
5/13/97 B 84 11.09 0 926- * 926
ISSUE : 880196209 TEMPLETON FOREIGN FUND
5/16/97 B 100 11.14 0 1,112- * 1,112
ISSUE : 880196209 TEMPLETON FOREIGN FUND
6/5/97 B 103 11.22 0 1,151- * 1,151
ISSUE : 880196209 TEMPLETON FOREIGN FUND
6/10/97 B 44 11.32 0 494- * 494
ISSUE : 880196209 TEMPLETON FOREIGN FUND
6/17/97 B 109 11.39 0 1,237- * 1,237
ISSUE : 880196209 TEMPLETON FOREIGN FUND
7/2/97 B 111 11.59 0 1,283- * 1,283
ISSUE : 880196209 TEMPLETON FOREIGN FUND
7/16/97 B 157 11.67 0 1,831- * 1,831
ISSUE : 880196209 TEMPLETON FOREIGN FUND
7/30/97 B 40 11.76 0 466- * 466
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/4/97 B 73 11.75 0 854- * 854
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/7/97 B 2,124 11.77 0 25,000- * 25,000
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/11/97 B 148 10.82 0 1,602- * 1,602
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/12/97 S 1,023 11.76 0 12,027 * 11,380 647
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/19/97 B 85 11.61 0 986- * 986
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/21/97 B 717 11.69 0 8,378- * 8,378
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/27/97 B 15 11.659 0 178- * 178
</TABLE>
- 20 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 880196209 TEMPLETON FOREIGN FUND
8/28/97 B 846 11.62 0 9,825- * 9,825
ISSUE : 880196209 TEMPLETON FOREIGN FUND
9/4/97 B 131 11.57 0 1,512- * 1,512
ISSUE : 880196209 TEMPLETON FOREIGN FUND
9/5/97 B 7 11.559 0 77- * 77
ISSUE : 880196209 TEMPLETON FOREIGN FUND
9/9/97 B 52 11.65 0 604- * 604
ISSUE : 880196209 TEMPLETON FOREIGN FUND
9/19/97 B 178 11.81 0 2,107- * 2,107
ISSUE : 880196209 TEMPLETON FOREIGN FUND
9/26/97 B 43 11.95 0 514- * 514
ISSUE : 880196209 TEMPLETON FOREIGN FUND
9/29/97 B 69 12 0 825- * 825
ISSUE : 880196209 TEMPLETON FOREIGN FUND
10/1/97 B 191 12.04 0 2,305- * 2,305
ISSUE : 880196209 TEMPLETON FOREIGN FUND
10/2/97 S 3 12.11 0 35 * 33 2
ISSUE : 880196209 TEMPLETON FOREIGN FUND
10/9/97 B 1,996 12.12 0 24,192- * 24,192
ISSUE : 880196209 TEMPLETON FOREIGN FUND
10/16/97 B 135 12.09 0 1,636- * 1,636
ISSUE : 880196209 TEMPLETON FOREIGN FUND
10/21/97 B 224 11.04 0 2,477- * 2,477
ISSUE : 880196209 TEMPLETON FOREIGN FUND
10/22/97 B 618 11.04 0 6,825- * 6,825
ISSUE : 880196209 TEMPLETON FOREIGN FUND
11/3/97 B 283 10.29 0 2,917- * 2,917
ISSUE : 880196209 TEMPLETON FOREIGN FUND
11/13/97 B 312 10.09 0 3,147- * 3,147
ISSUE : 880196209 TEMPLETON FOREIGN FUND
11/17/97 B 196 10.11 0 1,983- * 1,983
ISSUE : 880196209 TEMPLETON FOREIGN FUND
11/18/97 S 30 10.24 0 305 * 338 -33
ISSUE : 880196209 TEMPLETON FOREIGN FUND
11/25/97 B 14 10.23 0 147- * 147
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/1/97 B 403 10.18 0 4,104- * 4,104
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/2/97 B 366 10.25 0 3,749- * 3,749
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/15/97 B 194 10.03 0 1,944- * 1,944
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/16/97 B 318 9.79 0 3,110- * 3,110
</TABLE>
- 21 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/16/97 S 24 9.79 0 234 * 268 -34
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/17/97 B 30 9.84 0 295- * 295
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/22/97 B 229 9.78 0 2,242- * 2,242
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/29/97 S 76 9.8 0 746 * 852 -106
ISSUE : 880196209 TEMPLETON FOREIGN FUND
12/31/97 S 0 9.944 0 2 * 3 0
ISSUE : 990008419 INCOME FUND II
3/3/97 B 4 16.558 0 58- * 58
ISSUE : 990008419 INCOME FUND II
3/6/97 B 78 16.573 0 1,285- * 1,285
ISSUE : 990008419 INCOME FUND II
3/7/97 B 33 16.576 0 554- * 554
ISSUE : 990008419 INCOME FUND II
3/17/97 B 2 16.596 0 29- * 29
ISSUE : 990008419 INCOME FUND II
3/31/97 B 0 16.605 0 5- * 5
ISSUE : 990008419 INCOME FUND II
4/17/97 B 8 16.687 0 142- * 142
ISSUE : 990008419 INCOME FUND II
5/1/97 B 10 16.724 0 164- * 164
ISSUE : 990008419 INCOME FUND II
5/16/97 B 10 16.763 0 159- * 159
ISSUE : 990008419 INCOME FUND II
6/5/97 B 10 16.817 0 168- * 168
ISSUE : 990008419 INCOME FUND II
6/17/97 B 22 16.849 0 363- * 363
ISSUE : 990008419 INCOME FUND II
7/2/97 B 43 16.888 0 721- * 721
ISSUE : 990008419 INCOME FUND II
7/16/97 B 17 16.926 0 295- * 295
ISSUE : 990008419 INCOME FUND II
7/17/97 B 106 16.929 0 1,788- * 1,788
ISSUE : 990008419 INCOME FUND II
7/29/97 B 143 16.963 0 2,419- * 2,419
ISSUE : 990008419 INCOME FUND II
7/30/97 B 41 16.965 0 696- * 696
ISSUE : 990008419 INCOME FUND II
8/4/97 B 8 16.972 0 129- * 129
ISSUE : 990008419 INCOME FUND II
8/11/97 B 231 16.992 0 3,932- * 3,932
</TABLE>
- 22 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 990008419 INCOME FUND II
8/13/97 B 1,645 17.004 0 27,970- * 27,970
ISSUE : 990008419 INCOME FUND II
8/19/97 B 6 17.019 0 96- * 96
ISSUE : 990008419 INCOME FUND II
9/4/97 B 50 17.064 0 845- * 845
ISSUE : 990008419 INCOME FUND II
9/9/97 S 1 17.07 0 22 * 22 0
ISSUE : 990008419 INCOME FUND II
9/19/97 B 53 17.105 0 901- * 901
ISSUE : 990008419 INCOME FUND II
9/26/97 B 30 17.124 0 514- * 514
ISSUE : 990008419 INCOME FUND II
10/1/97 B 74 17.139 0 1,272- * 1,272
ISSUE : 990008419 INCOME FUND II
10/9/97 S 49 17.16 0 836 * 827 9
ISSUE : 990008419 INCOME FUND II
10/16/97 B 22 17.18 0 372- * 372
ISSUE : 990008419 INCOME FUND II
11/3/97 B 72 17.224 0 1,238- * 1,238
ISSUE : 990008419 INCOME FUND II
11/6/97 B 19 17.238 0 335- * 335
ISSUE : 990008419 INCOME FUND II
11/13/97 B 28 17.257 0 476- * 476
ISSUE : 990008419 INCOME FUND II
11/17/97 B 28 17.263 0 477- * 477
ISSUE : 990008419 INCOME FUND II
12/1/97 B 96 17.302 0 1,661- * 1,661
ISSUE : 990008419 INCOME FUND II
12/15/97 B 9,339 17.341 0 161,946- * 161,946
ISSUE : 990008419 INCOME FUND II
12/17/97 B 214 17.352 0 3,713- * 3,713
ISSUE : 990008419 INCOME FUND II
12/22/97 B 23 17.36 0 398- * 398
ISSUE : 990008476 EQUITY INDEX I
2/4/97 B 3 21.783 0 65- * 65
ISSUE : 990008476 EQUITY INDEX I
3/3/97 B 18 21.926 0 395- * 395
ISSUE : 990008476 EQUITY INDEX I
3/6/97 B 1,223 22.242 0 27,212- * 27,212
ISSUE : 990008476 EQUITY INDEX I
3/7/97 B 1,576 22.159 0 34,917- * 34,917
ISSUE : 990008476 EQUITY INDEX I
3/17/97 B 21 22.016 0 472- * 472
</TABLE>
- 23 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 990008476 EQUITY INDEX I
3/31/97 B 30 21.489 0 649- * 649
ISSUE : 990008476 EQUITY INDEX I
4/17/97 B 44 21.222 0 925- * 925
ISSUE : 990008476 EQUITY INDEX I
5/1/97 B 39 22.269 0 879- * 879
ISSUE : 990008476 EQUITY INDEX I
5/6/97 B 50 23.076 0 1,155- * 1,155
ISSUE : 990008476 EQUITY INDEX I
5/13/97 B 40 23.296 0 926- * 926
ISSUE : 990008476 EQUITY INDEX I
5/16/97 B 65 23.422 0 1,533- * 1,533
ISSUE : 990008476 EQUITY INDEX I
5/27/97 B 494 23.566 0 11,637- * 11,637
ISSUE : 990008476 EQUITY INDEX I
6/5/97 B 72 23.401 0 1,678- * 1,678
ISSUE : 990008476 EQUITY INDEX I
6/10/97 B 26 24.037 0 618- * 618
ISSUE : 990008476 EQUITY INDEX I
6/17/97 B 72 24.905 0 1,801- * 1,801
ISSUE : 990008476 EQUITY INDEX I
7/2/97 B 84 24.836 0 2,084- * 2,084
ISSUE : 990008476 EQUITY INDEX I
7/16/97 B 97 25.811 0 2,501- * 2,501
ISSUE : 990008476 EQUITY INDEX I
7/17/97 B 103 26.118 0 2,682- * 2,682
ISSUE : 990008476 EQUITY INDEX I
7/29/97 B 130 26.115 0 3,387- * 3,387
ISSUE : 990008476 EQUITY INDEX I
7/30/97 B 39 26.274 0 1,013- * 1,013
ISSUE : 990008476 EQUITY INDEX I
8/4/97 B 157 26.419 0 4,142- * 4,142
ISSUE : 990008476 EQUITY INDEX I
8/11/97 B 149 26.045 0 3,876- * 3,876
ISSUE : 990008476 EQUITY INDEX I
8/19/97 B 60 25.477 0 1,517- * 1,517
ISSUE : 990008476 EQUITY INDEX I
8/21/97 B 413 26.229 0 10,843- * 10,843
ISSUE : 990008476 EQUITY INDEX I
8/28/97 B 946 25.516 0 24,129- * 24,129
ISSUE : 990008476 EQUITY INDEX I
9/4/97 B 101 25.924 0 2,616- * 2,616
ISSUE : 990008476 EQUITY INDEX I
9/9/97 B 31 26.02 0 797- * 797
</TABLE>
- 24 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 990008476 EQUITY INDEX I
9/19/97 B 150 26.49 0 3,960- * 3,960
ISSUE : 990008476 EQUITY INDEX I
9/26/97 B 24 26.222 0 642- * 642
ISSUE : 990008476 EQUITY INDEX I
9/29/97 B 31 26.432 0 825- * 825
ISSUE : 990008476 EQUITY INDEX I
10/1/97 B 118 26.49 0 3,115- * 3,115
ISSUE : 990008476 EQUITY INDEX I
10/2/97 S 2 26.715 0 61 * 55 6
ISSUE : 990008476 EQUITY INDEX I
10/9/97 B 338 27.249 0 9,203- * 9,203
ISSUE : 990008476 EQUITY INDEX I
10/13/97 B 7 27.062 0 177- * 177
ISSUE : 990008476 EQUITY INDEX I
10/16/97 B 108 27.028 0 2,909- * 2,909
ISSUE : 990008476 EQUITY INDEX I
11/3/97 B 154 25.617 0 3,944- * 3,944
ISSUE : 990008476 EQUITY INDEX I
11/5/97 B 786 26.349 0 20,722- * 20,722
ISSUE : 990008476 EQUITY INDEX I
11/6/97 B 8 26.411 0 224- * 224
ISSUE : 990008476 EQUITY INDEX I
11/10/97 S 8 25.993 0 207 * 194 13
ISSUE : 990008476 EQUITY INDEX I
11/13/97 B 133 25.404 0 3,373- * 3,373
ISSUE : 990008476 EQUITY INDEX I
11/17/97 B 156 26.029 0 4,061- * 4,061
ISSUE : 990008476 EQUITY INDEX I
11/18/97 B 11 26.531 0 305- * 305
ISSUE : 990008476 EQUITY INDEX I
11/19/97 B 6 26.312 0 151- * 151
ISSUE : 990008476 EQUITY INDEX I
11/25/97 B 3 26.55 0 73- * 73
ISSUE : 990008476 EQUITY INDEX I
12/1/97 B 176 26.807 0 4,713- * 4,713
ISSUE : 990008476 EQUITY INDEX I
12/2/97 B 128 27.349 0 3,489- * 3,489
ISSUE : 990008476 EQUITY INDEX I
12/3/97 S 50 27.264 0 1,353 * 1,217 136
ISSUE : 990008476 EQUITY INDEX I
12/10/97 S 60 27.377 0 1,636 * 1,465 171
ISSUE : 990008476 EQUITY INDEX I
12/15/97 B 353 26.757 0 9,456- * 9,456
</TABLE>
- 25 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 990008476 EQUITY INDEX I
12/16/97 B 9 27.035 0 234- * 234
ISSUE : 990008476 EQUITY INDEX I
12/17/97 B 8 27.165 0 213- * 213
ISSUE : 990008476 EQUITY INDEX I
12/22/97 B 152 26.573 0 4,026- * 4,026
ISSUE : 990008476 EQUITY INDEX I
12/23/97 B 92 26.768 0 2,452- * 2,452
ISSUE : 990008476 EQUITY INDEX I
12/29/97 S 31 26.285 0 820 * 770 51
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
7/16/97 B 7 5.421 0 41- * 41
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
7/30/97 B 8,965 5.566 0 49,897- * 49,897
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
8/4/97 B 8 5.456 0 44- * 44
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
8/11/97 B 14,689 5.621 0 82,569- * 82,569
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
8/19/97 B 13 5.897 0 78- * 78
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
9/4/97 B 35 6.697 0 237- * 237
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
9/8/97 S 3,999 6.92 0 27,676 * 22,404 5,272
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
9/19/97 B 13 7.452 0 100- * 100
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
10/1/97 B 134 7.352 0 982- * 982
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
10/2/97 S 2 7.514 0 18 * 13 4
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
10/16/97 B 67 7.352 0 492- * 492
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
11/3/97 B 209 6.174 0 1,288- * 1,288
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
11/13/97 B 227 5.478 0 1,245- * 1,245
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
11/17/97 B 124 5.636 0 701- * 701
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
11/19/97 B 7 5.859 0 43- * 43
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
11/25/97 B 9 5.617 0 49- * 49
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
12/1/97 B 316 5.86 0 1,851- * 1,851
</TABLE>
- 26 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
12/3/97 B 517 6.474 0 3,346- * 3,346
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
12/17/97 B 119 6.257 0 743- * 743
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
12/22/97 B 119 6.209 0 741- * 741
ISSUE : 990008773 NAVISTAR INTL STOCK POOLED ACCT
12/23/97 B 65 6.427 0 420- * 420
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
2/3/97 B 15,038 10.709 0 161,046- * 161,046
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
3/3/97 B 290 10.717 0 3,108- * 3,108
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
3/17/97 B 182 10.76 0 1,953- * 1,953
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
3/31/97 B 159 10.57 0 1,684- * 1,684
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
6/5/97 B 13 11.421 0 149- * 149
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
7/2/97 B 860 11.955 0 10,276- * 10,276
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
7/3/97 S 43 12.062 0 515 * 460 55
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
7/29/97 B 184 12.461 0 2,291- * 2,291
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
10/1/97 B 1,458 12.852 0 18,744- * 18,744
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
10/10/97 S 34 13.056 0 440 * 369 71
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
12/1/97 B 18 12.514 0 227- * 227
ISSUE : 994690AA3 FRANK RUSSEL AGGRESSIVE BALANCED FD
12/4/97 S 25 12.709 0 321 * 277 44
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
5/1/97 S 62 1 0 62 * 62 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
6/5/97 S 62 1 0 62 * 62 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
7/2/97 S 63 1 0 63 * 63 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
8/4/97 S 63 1 0 63 * 63 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
8/12/97 B 23,750 1 0 23,750- * 23,750
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
9/4/97 S 64 1 0 64 * 64 0
</TABLE>
- 27 -
<PAGE>
SCHEDULE G INFORMATION - PART V
REPORTABLE TRANSACTIONS
NAVISTAR RETIREMENT ACCUM. PLAN
FROM 1/1/97 TO 12/31/97 ACCOUNT DMO184900
<TABLE>
<CAPTION>
DATE SHARES/ UNIT EXPENSE PRINCIPAL COST REALIZED
BOUGHT/SOLD PAR VALUE PRICE INCURRED CASH ADJUSTMENT GAIN/LOSS
- ----------- --------- ----- -------- --------- ---------- ---------
<S> <S> <C> <C> <C> <C> <C> <C>
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
9/5/97 S 60 1 0 60 * 60 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
9/8/97 B 27,676 1 0 27,676- * 27,676
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
9/19/97 S 60 1 0 60 * 60 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
10/1/97 S 305 1 0 305 * 305 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
10/16/97 S 242 1 0 242 * 242 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
11/3/97 S 307 1 0 307 * 307 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
11/17/97 S 243 1 0 243 * 243 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
12/1/97 S 309 1 0 309 * 309 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
12/17/97 B 2,500 1 0 2,500- * 2,500
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
12/22/97 S 31 1 0 31 * 31 0
ISSUE : 995900420 PARTICIPANT PROMISSORY NOTE
12/22/97 S 215 1 0 215 * 215 0
GRAND TOTAL 0 1,559,168 1,550,375 8,793
</TABLE>
- 28 -
<PAGE>
<TABLE>
<CAPTION>
Schedule of Reportable Transactions
<C> <S> <S> <S> <S> <S> <S> <S>
Number Number
Description of of Net
(1) Identity of Issue of Asset Purchases Sales Purchases Sales Gain
----------------- ------------ --------- ------ --------- ------- ------
<S> <S> <S> <C> <C> <C> <C> <C>
Series of Transactions
With Same Broker Exceeding 5% Of Value:
* Navistar Pooled Stock Master Trust Fund Company Stock 19 $144,867
* Navistar Pooled Stock Master Trust Fund Company Stock 2 $27,694 $5,276
Series of Transactions In Same Security
Exceeding 5% Of Value:
IDS New Dimensions Fund (Y) Mutual Fund 52 $403,604
IDS New Dimensions Fund (Y) Mutual Fund 10 $35,948 $2,462
IDS Selective Fund (Y) Mutual Fund 55 71,467
IDS Selective Fund (Y) Mutual Fund 6 2,385 23
Templeton Foreign Fund Specialty Growth Mutual Fund 46 160,316
Templeton Foreign Fund Specialty Growth Mutual Fund 6 13,349 476
American Express Trust
Collective Income Fund II Collective Investment Fund 32 215,121
American Express Trust
Collective Income Fund II Collective Investment Fund 2 858 9
American Express Trust Equity Index Fund Collective Investment Fund 49 222,716
American Express Trust Equity Index Fund Collective Investment Fund 5 4,077 377
* Navistar Pooled Stock Master Trust Fund Company Stock 19 144,867
* Navistar Pooled Stock Master Trust Fund Company Stock 2 27,694 5,276
Frank Russell Aggressive Balanced Fund Specialty Aggressive 9 199,478
Growth Fund
Frank Russell Aggressive Balanced Fund Specialty Aggressive
Growth Fund 4 1,276 170
<FN>
(1) An asterisk indicates a party-in-interest
</FN>
</TABLE>
- 29 -
<PAGE>
EXHIBIT 23
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in Registration Statements, No.
2-70979, No. 33-26847 and No. 333-25783 of Navistar International Corporation on
Form S-8 of our report dated May 22, 1998 appearing in the Annual Report on Form
11-K of the Navistar Retirement Accumulation Plan for the year ended December
31, 1997.
DELOITTE & TOUCHE LLP
June 26, 1998
Chicago, Illinois
