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Previous: BOSTON FINANCIAL QUALIFIED HOUSING LTD PARTNERSHIP, 10-K, 1996-06-28 |
Next: DREAMS INC, NT 10-K, 1996-06-28 |
<PAGE> 1
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 ended December 31, 1995
--------------------------
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 33-56678
---------------------------------------------
A. Full title of the plan and the address of the plan, if different
from that of the issuer named below:
APPLIED BIOSCIENCE INTERNATIONAL INC. U.S. RETIREMENT SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and
the address of its principal executive office:
APPLIED BIOSCIENCE INTERNATIONAL INC.
4350 North Fairfax Drive
Arlington, VA 22203
<PAGE> 2
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Administrative Committee of the
Applied Bioscience International Inc.
U.S. Retirement Savings Plan:
We have audited the accompanying statements of net assets available for plan
benefits of the Applied Bioscience International Inc. U.S. Retirement Savings
Plan (the "Plan") as of December 31, 1995 and 1994, and the related statement
of changes in net assets available for plan benefits for the year ended
December 31, 1995. These financial statements and the schedules referred to
below are the responsibility of the plan administrator. Our responsibility is
to express an opinion on these financial statements and the schedules referred
to below 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
Applied Bioscience International Inc. U.S. Retirement Savings Plan as of
December 31, 1995, and 1994 and the changes in its net assets available for
plan benefits for the year ended December 31, 1995, in conformity with
generally accepted accounting principles.
Our audit of the Plan's financial statements as of and for the year ended
December 31, 1995, was made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment purposes, loans or fixed income obligations, and reportable
transactions are presented for purposes of additional analysis and are not a
required part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. The Fund Information in the statement of changes in net assets available
for plan benefits is presented for purposes of additional analysis rather than
to present the changes in net assets available for plan benefits of each fund.
The supplemental schedules and Fund Information have been subjected to the
auditing procedures applied in the audit of the basic financial statements for
the year ended December 31, 1995, and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
Washington, D.C.,
June 21, 1996
<PAGE> 3
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
INDEX
<TABLE>
<CAPTION>
Page
----
<S> <C>
Statements of Net Assets Available for Plan Benefits -
As of December 31, 1995 and 1994 1
Statement of Changes in Net Assets Available for Plan Benefits -
For the Year Ended December 31, 1995 2
Notes to Financial Statements -
As of December 31, 1995 and 1994 3
Schedule I - Item 27a - Schedule of Assets Held for Investment Purposes -
As of December 31, 1995 9
Schedule II - Item 27b - Schedule of Loans or Fixed Income Obligations For the
Year Ended December 31, 1995 10
Schedule III - Item 27d - Schedule of Reportable Transactions -
For the Year Ended December 31, 1995 25
Schedules Omitted Because There Were No Such Items For the Year Ended December
31, 1995:
Nonexempt Transactions
Leases in Default or Classified as Uncollectible
</TABLE>
<PAGE> 4
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
AS OF DECEMBER 31, 1995 AND 1994
<TABLE>
<CAPTION>
1995 1994
-------------- --------------
<S> <C> <C>
ASSETS:
Investments, at market value-
Mutual Funds $ 19,186,555 $ -
Money Market Fund 2,076,034 14,144,078
Stock 564,935 997,241
Participant loans 772,477 759,372
-------------- --------------
Total investments 22,600,001 15,900,691
Cash 134,502 173,459
Accrued Income 7,281 14,352
Contributions receivable-
Employer 154,284 176,918
Employee 498,834 479,385
-------------- --------------
Total assets 23,394,902 16,744,805
-------------- --------------
LIABILITIES:
Accrued expenses 8,000 7,000
Refunds payable to participants - 28,538
-------------- --------------
Total liabilities 8,000 35,538
-------------- --------------
NET ASSETS AVAILABLE FOR PLAN BENEFITS $ 23,386,902 $ 16,709,267
============== ==============
</TABLE>
The accompanying notes are an integral part of these statements.
- 1 -
<PAGE> 5
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
PARTICIPANT DIRECTED
--------------------------------------------------------------
Fidelity Phoenix
Advisor Income
AIM EuroPacific Growth and The Bond
Constellation Growth Opportunities Growth Fund of
Fund Fund Fund Fund America
--------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
NET ASSETS AVAILABLE
FOR PLAN
BENEFITS, beginning
of year $ - $2,297,003 $ 4,869,582 $ 4,317,007 $ 2,905,074
ADDITIONS:
Contributions-
Employer 234,702 301,940 343,404 220,081 164,794
Employee 607,474 783,405 879,670 565,016 405,618
Transfers from
outside plans 84,963 122,832 121,081 47,921 21,512
Earnings from
investments 137,733 134,738 153,414 144,538 154,428
Interest from
participant loans 11,355 12,046 14,612 5,412 5,610
Net realized and
unrealized
appreciation
(depreciation)
on investments 740,738 286,217 966,151 361,751 166,836
---------- ---------- ----------- ----------- ------------
Total
Additions 1,816,965 1,641,178 2,478,332 1,344,719 918,798
---------- ---------- ----------- ----------- ------------
DEDUCTIONS:
Benefits paid to
participants (296,072) (297,732) (381,730) (159,904) (151,085)
Administrative
expenses (11,163) (10,371) (13,427) (9,488) (7,287)
---------- ---------- ----------- ----------- ------------
Total
deductions (307,235) (308,103) (395,157) (169,392) (158,372)
---------- ---------- ----------- ----------- ------------
INTERFUND TRANSFERS 2,641,142 662,965 (1,642,853) (2,331,974) (1,183,553)
---------- ---------- ----------- ----------- ------------
NET ASSETS AVAILABLE
FOR PLAN BENEFITS,
end of year $4,150,872 $4,293,043 $ 5,309,904 $ 3,160,360 $ 2,481,947
========== ========== =========== =========== ============
<CAPTION>
PARTICIPANT DIRECTED
--------------------------------------------------------
EBDA APBI
Money Common
Market Stock Participant
Fund Fund Loans Other Total
--------------------------------------------------------
<S> <C> <C> <C> <C> <C>
NET ASSETS AVAILABLE
FOR PLAN
BENEFITS, beginning
of year $ - $ 926,112 $ 759,372 $ 635,117 $ 16,709,267
ADDITIONS:
Contributions-
Employer 75,340 46,918 - 29,927 1,417,106
Employee 190,439 118,185 - 28,786 3,578,593
Transfers from
outside plans 6,618 3,576 - 2,095 410,598
Earnings from
investments 77,562 5,840 - (1,622) 806,631
Interest from
participant loans 3,516 875 - - 53,426
Net realized and
unrealized
appreciation
(depreciation)
on investments - 129,860 - (10,076) 2,641,477
---------- ---------- --------- --------- ------------
Total
Additions 353,475 305,254 - 49,110 8,907,831
---------- ---------- --------- --------- ------------
DEDUCTIONS:
Benefits paid to
participants (742,206) (63,806) (75,508) - (2,168,043)
Administrative
expenses (4,166) (5,111) - (1,140) (62,153)
---------- ---------- --------- --------- ------------
Total
deductions (746,372) (68,917) (75,508) (1,140) (2,230,196)
---------- ---------- --------- --------- ------------
INTERFUND TRANSFERS 2,383,805 (585,608) 88,613 (32,537) -
---------- ---------- --------- --------- ------------
NET ASSETS AVAILABLE
FOR PLAN BENEFITS,
end of year $1,990,908 $ 576,841 $ 772,477 $ 650,550 $ 23,386,902
========== ========== ========= ========= ============
</TABLE>
The accompanying notes are an integral part of this statement.
- 2 -
<PAGE> 6
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
AS OF DECEMBER 31, 1995 AND 1994
1. DESCRIPTION OF THE PLAN AND SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES:
DESCRIPTION OF THE PLAN
The following brief description of the Applied Bioscience International Inc.
U.S. Retirement Savings Plan (the "Plan") is provided for general information
purposes only. Participants should refer to the Plan document for more complete
information.
The Plan is a qualified cash or deferred plan organized under section 401(k) of
the Internal Revenue Code. The Plan covers all U.S. employees of Applied
Bioscience International Inc. (the "Company" or "APBI") and is subject to the
provisions of the Employee Retirement Income Security Act of 1974 ("ERISA").
CONTRIBUTIONS AND PARTICIPANT ACCOUNTS
Under the terms of the Plan, the participant can elect to contribute up to 15
percent of his or her compensation into the Plan. The Company will contribute
an amount equal to 50 percent of the amount contributed by the participant to
the Plan, provided however that the Company's contribution cannot exceed 3.0
percent of each participant's compensation, as defined, for the period.
Compensation, as defined, will not exceed the limits imposed by the Internal
Revenue Service ("IRS"). The Company, at its sole discretion, may make an
additional contribution.
All employee and employer contributions are fully vested and non-forfeitable
and are subject to losses on trust asset investments.
Individual accounts are maintained for each participant and include the
participant's contributions, a share of the Company's contributions, gains and
losses on investment activities and a share of the Plan's administrative
expenses. Participants who receive a distribution during any quarter of the
plan year do not share in the current quarter's gains and losses on investment
activities and administrative expenses. Payments are generally made at the
beginning of the quarter.
DISTRIBUTIONS TO PARTICIPANTS
Amounts credited to an individual participant's account are distributed at
termination of employment, generally as a lump sum or in installments.
Distributions may be deferred until the participant reaches the age of 65 if
the value of the distribution exceeds $3,500. However, the Plan stipulates that
distributions must commence no later than April 1 of the calendar year in which
the
- 3 -
<PAGE> 7
participant reaches the age of 70 1/2 or the year the participant separates
from service, if later. In certain hardship situations, as described in the
Plan, participants may withdraw part of their account balances while actively
employed.
REFUNDS TO PARTICIPANTS
During 1994, the Plan did not meet the Average Deferral Percentage and Average
Contribution Percentage tests and therefore refunded the excess to the
participants in 1995.
PARTICIPANT LOANS
The Plan allows the participants to borrow against their account balances,
subject to limitations. Only one outstanding loan per participant is allowed.
INVESTMENTS
At December 31, 1995, the following trust funds contained investments that were
greater than 5 percent of the total net assets available for plan benefits.
<TABLE>
<CAPTION>
MARKET
-------------
<S> <C>
AIM Constellation Fund $ 4,069,436
EuroPacific Growth Fund 4,289,883
Fidelity Advisor Growth Opportunities Fund 5,270,532
Phoenix Income and Growth Fund 3,127,742
The Bond Fund of America 2,428,962
Smith Barney Corporate Trust Company
EBDA Money Market Fund 1,990,908
</TABLE>
Participants may allocate their contributions among the following investment
funds.
1. AIM CONSTELLATION FUND - The AIM Constellation Fund is managed by the
AIM Family of Funds Group. This Class A fund seeks capital appreciation
by investing in common stocks, emphasizing small- to medium-size
emerging growth companies. Since the fund trades for the short term,
portfolio turnover usually exceeds 100 percent. The fund may also sell
short, use put and call options and borrow money to purchase
securities. Investors in this fund would be considered aggressive and
can expect a high degree of fluctuation both in principal and rate of
return.
2. EUROPACIFIC GROWTH FUND - The EuroPacific Growth Fund is managed by the
American Funds Group. It seeks long-term growth of capital and normally
invests at least 65 percent of its assets in equity securities of
issuers domiciled in Europe or the Pacific Basin. There is no limit as
to the percentage of assets the fund may invest in companies and
governments of either developing or developed countries. A portion of
the fund's assets may be invested in countries that are considered to
be developing and have emerging securities markets.
- 4 -
<PAGE> 8
3. FIDELITY ADVISOR GROWTH OPPORTUNITIES FUND - The Fidelity Advisor
Growth Opportunities Fund is managed by the Fidelity Advisor Funds. The
fund seeks capital growth by investing primarily in common stocks and
securities convertible into common stocks. At least 65 percent of the
portfolio are invested in securities of companies with long-term growth
potential. The fund may invest in all types of securities, including
foreign, debt securities, warrants, rights and options.
4 PHOENIX INCOME AND GROWTH FUND - The Phoenix Income and Growth Fund is
managed by Phoenix Funds. The Class A Plan seeks current yield
consistent with capital preservation. Capital appreciation is
secondary. The fund invests in a variety of income-producing
securities which may be domestic or foreign equities, debt securities,
options, convertibles or government securities.
5. THE BOND FUND OF AMERICA - The Bond Fund of America is managed by the
American Funds Group. The fund seeks current income, consistent with
the preservation of capital. The fund invests in a diversified
portfolio consisting primarily of marketable fixed-income debt
securities, government obligations and money market instruments. At
least 60 percent of the fund's assets are invested in high-grade
straight debt securities, government securities or high-grade,
short-term investments. The balance of assets may be invested in other
debt securities, but any security rated below BBB is subject to special
review.
6. EMPLOYEE BENEFIT DEPOSIT ACCOUNT (EBDA) MONEY MARKET FUND - The Reserve
Deposit Account is an FDIC-insured money market account managed by
Smith Barney Corporate Trust Company. The returns are competitive with
those of other bank money market accounts.
7. APBI COMMON STOCK FUND - Participants are given the option of
allocating a portion of their contributions to APBI common stock.
Market values are determined using the last reported sales price on the last
business day of the Plan year. The following schedule shows the unit value for
each fund, by quarter, for the period ending December 31, 1995. Amounts
reflected are based on market values and reflect all transactions excluding
cash and reserve deposit accounts (RDA VI).
- 5 -
<PAGE> 9
<TABLE>
<CAPTION>
QUARTER 1 QUARTER 2 QUARTER 3 QUARTER 4
--------- --------- --------- ---------
<S> <C> <C> <C> <C>
AIM CONSTELLATION
FUND:
Unit Value $ 2,381,803.77 $ 3,006,009.67 $ 4,088,583.04 $ 4,069,436.43
# of units 127,985.157 141,525.879 168,116.079 180,783.493
Value per unit $ 18.61 $ 21.24 $ 24.32 $ 22.51
EUROPACIFIC
GROWTH FUND:
Unit Value 2,678,586.66 3,201,898.56 4,096,010.61 4,289,883.35
# of units 128,223.392 144,164.726 175,267.891 185,468.368
Value per unit 20.89 22.21 23.37 23.13
FIDELITY ADVISOR
GROWTH
OPPORTUNITIES
FUND:
Unit Value 3,110,936.41 3,826,948.42 4,794,251.89 5,270,532.10
# of units 119,697.435 132,237.333 156,266.359 166,578.132
Value per unit 25.99 28.94 30.68 31.64
PHOENIX INCOME AND
GROWTH FUND:
Unit Value 1,948,337.57 2,390,268.64 2,866,367.19 3,127,741.58
# of units 223,689.732 259,811.809 302,040.800 319,809.977
Value per unit 8.71 9.20 9.49 9.78
THE BOND FUND OF
AMERICA:
Unit Value 1,581,158.00 1,830,717.49 2,257,137.87 2,428,962.22
# of units 121,908.944 135,709.228 166,210.447 174,997.278
Value per unit 12.97 13.49 13.58 13.88
APBI COMMON STOCK
FUND:
Unit Value 549,658.25 516,953.63 697,017.00 564,934.50
# of units 102,262.000 100,869.000 109,336.000 83,694.000
Value per unit 5.38 5.13 6.38 6.75
</TABLE>
In accordance with the Company's policy of stating investments at current
market value, net unrealized appreciation and depreciation is reflected in the
accompanying statement of changes in
- 6 -
<PAGE> 10
net assets available for plan benefits. Earnings from investments are recorded
as earned using the accrual method of accounting.
TRUSTEE
In July 1992, the Company entered into a written agreement whereby Smith Barney
Corporate Trust Company was designated as plan trustee.
EMPLOYEE CONTRIBUTIONS RECEIVABLE
Employee contributions receivable includes payments which were in transit to
the trustee at December 31, 1995 and 1994.
PLAN TERMINATION
While the Company has no present intention of doing so, it has the right to
terminate the Plan at any time.
FORM 5500 RECONCILIATION
The following adjustment reconciles the Plan's financial statements to the Form
5500.
<TABLE>
<CAPTION>
1995 1994
------------- ------------
<S> <C> <C>
Net assets available for plan benefits $ 23,386,902 $ 16,709,267
Benefits payable accrued on Form 5500 (5,803,347) (1,716,254)
------------- ------------
Net assets available for plan benefits per Form 5500 $ 17,583,555 $ 14,933,013
============= ============
</TABLE>
Benefits payable represent amounts due to participants at December 31 that were
paid subsequent to year-end and are accrued for Form 5500 purposes but recorded
when paid for financial reporting purposes. The increase in accrued benefits
payable is due to the November 1995 sale of the Company's two toxicology
laboratories to Huntingdon International Holdings plc. Total accrued benefits
payable to former toxicology participants was in excess of $3.2 million.
RECLASSIFICATIONS
Certain prior year balances have been reclassified to conform to current year
presentation.
2. REPORTABLE TRANSACTIONS:
The items listed in the schedule of reportable transactions represent all
transactions or series of transactions which individually or in the aggregate
are in excess of 5 percent of the market value of the Plan's assets at the
beginning of the plan year and are reportable under Section 2520.103-6 of the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
ERISA.
- 7 -
<PAGE> 11
3. TAX STATUS:
The trust established under the Plan to hold the Plan's assets is designed to
qualify as tax-exempt under the Internal Revenue Code, and accordingly, the
trust's investment income is exempt from income taxes. The Plan was restated
effective January 1, 1993, to comply with final regulations of the Tax Reform
Act of 1986. The Plan has obtained a favorable tax determination letter dated
September 11, 1995, from the IRS. The Plan's sponsor believes that the Plan
continues to qualify and to operate as designed.
4. RELATED-PARTY TRANSACTIONS:
The Company may, at its discretion, pay administrative expenses of the Plan.
Any administrative expenses not paid by the Company will be paid from the
Plan's assets. During 1995 and 1994, the Company paid the accounting and legal
expenses of the Plan.
5. 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 revenue and expenses during the reporting period.
Actual results could differ from those estimates.
6. SUBSEQUENT EVENTS:
On June 21, 1996, APBI and Pharmaceutical Product Development, Inc. ("PPD")
announced that the two companies will merge in a pooling of interests
transaction. The combined enterprise will retain the PPD name. The effect of
the merger on the Plan has not yet been determined.
- 8 -
<PAGE> 12
SCHEDULE I
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1995
<TABLE>
<CAPTION>
IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, CURRENT
LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE COST VALUE
- ----------------------------- --------------------------------- ------------ -------------
<S> <C> <C>
AIM Constellation Fund Mutual fund $ 3,332,506 $ 4,069,436
------------ -------------
EuroPacific Growth Fund Mutual fund 4,007,803 4,289,883
------------ -------------
Fidelity Advisor Growth Opportunities Fund
Smith Barney Corporate Trust Company
Reserve Deposit Account (RDA VI) Money market fund 38,352 38,352
Fidelity Advisor Growth Opportunities
Fund Mutual fund 4,309,387 5,270,532
------------ -------------
Total Fidelity Advisor Growth Opportunities Fund 4,347,739 5,308,884
------------ -------------
Phoenix Income and Growth Fund Mutual fund 2,760,670 3,127,742
------------ -------------
The Bond Fund of America
Smith Barney Corporate Trust Company
Reserve Deposit Account (RDA VI) Money market fund 35,007 35,007
The Bond Fund of America Mutual fund 2,262,902 2,428,962
------------ -------------
Total Bond Fund of America 2,297,909 2,463,969
------------ -------------
EBDA Money Market Fund
Smith Barney Corporate Trust Company
Employee Benefit Deposit Account
(EBDA) Money market fund 1,990,908 1,990,908
------------ -------------
APBI Common Stock Fund
Smith Barney Corporate Trust Company
Reserve Deposit Account (RDA VI) Money market fund 11,767 11,767
Applied Bioscience International Inc. Common Stock 348,014 564,935
------------ -------------
Total APBI Common Stock Fund 359,781 576,702
------------ -------------
Participant Loans Participant loans with interest rates
from 6.5% to 12.25% 772,477 772,477
------------ -------------
TOTAL ASSETS HELD FOR INVESTMENT PURPOSES $ 19,869,793 $ 22,600,001
============ =============
</TABLE>
The accompanying notes are an integral part of this schedule.
- 9 -
<PAGE> 13
SCHEDULE II
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- -------------------------------------------------------------------
<S> <C> <C> <C> <C>
Aleman, $1,500.00 $0.00 $0.00 $0.00
Julie
Bazmore, 1,500.00 636.11 35.49 255.68
Karen
Bilawsky, 13,141.68 248.46 208.86 0.00
Glenn
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- --------------------------------------------------------------------------------------------
<S> <C> <C>
Aleman, 401(k) loan. $0.00 $0.00
Julie 7% interest rate.
Original maturity date on loan is August 31, 1997.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Bazmore, 401(k) loan. 255.68 8.95
Karen 7% interest rate.
Original maturity date on loan is February 28, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Bilawsky, 401(k) loan. 0.00 0.00
Glenn 7% interest rate.
Original maturity date on loan is October 31, 2003.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
- 10 -
The accompanying notes are an integral part of
this schedule.
<PAGE> 14
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Brown, 1,140.00 68.26 8.21 0.00
Lori
Bulley, 1075.00 0.00 0.00 0.00
Vonette
Camacho, 2,500.00 1,001.26 85.89 1,006.33
Alden
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- --------------------------------------------------------------------------------------------
<S> <C> <C>
Brown, 401(k) loan. 0.00 0.00
Lori 7% interest rate.
Original maturity date on loan is August 31, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest
in borrower's 401(k) accounts under the Plan.
Bulley, 401(k) loan. 0.00 0.00
Vonette 9% interest rate.
Original maturity date on loan is April 15, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Camacho, 401(k) loan. 1,006.33 8.81
Alden 7% interest rate.
Original maturity date on loan is May 31, 1994.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 11 -
<PAGE> 15
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Clemons, II 2,700.00 0.00 0.00 0.00
Eddie
Coates, 6,900.00 0.00 0.00 0.00
Dora
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Clemons, II 401(k) loan. 0.00 0.00
Eddie 7% interest rate.
Original maturity date on loan 1 is December 20,
1994. Original maturity date on loan 2 is May
31, 1996. Total outstanding balance
due upon termination of employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Coates, 401(k) loan. 0.00 0.00
Dora 7.5% interest rate.
Original maturity date on loan is January 1, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 13 -
<PAGE> 16
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Costley, 5,000.00 0.00 0.00 0.00
Gary
Crow, 2,280.00 506.69 95.90 0.00
Deborah
Dierssen, 1,400.00 0.00 0.00 0.00
Heidi
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Costley, 401(k) loan. 0.00 0.00
Gary 7% interest rate.
Original maturity date on loan is April 19, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Crow, 401(k) loan. 0.00 0.00
Deborah 7% interest rate.
Original maturity date on loan is January 31, 1998.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Dierssen, 401(k) loan. 0.00 0.00
Heidi 7% interest rate.
Original maturity date on loan is December 31, 1993.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 13 -
<PAGE> 17
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Gonnella, 3,502.00 571.14 156.09 2,246.02
Michael
Hacker, 2,000.00 596.04 31.32 487.06
Larry
Hillman, 1,000.00 125.46 7.50 0.00
Rosanne
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- --------------------------------------------------------------------------------------------
<S> <C> <C>
Gonnella, 401(k) loan. 2,246.02 19.65
Michael 7% interest rate.
Original maturity date on loan is October 31, 1998.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Hacker, 401(k) loan. 487.06 12.79
Larry 7% interest rate.
Original maturity date on loan is January 12, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Hillman, 401(k) loan. 0.00 0.00
Rosanne 7% interest rate.
Original maturity date on loan is January 31, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 14 -
<PAGE> 18
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Jackson, 1,000.00 0.00 0.00 0.00
Javis
Kelly, 4,213.00 488.12 254.10 3,724.88
Susanne
Kennedy, 947.00 0.00 0.00 0.00
David
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- --------------------------------------------------------------------------------------------
<S> <C> <C>
Jackson, 401(k) loan. 0.00 0.00
Javis 7% interest rate.
Original maturity date on loan is March 31, 1997.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Kelly, 401(k) loan. 3,724.88 41.90
Susanne 7% interest rate.
Original maturity date on loan is March 15, 2000.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Kennedy, 401(k) loan. 0.00 0.00
David 7% interest rate.
Original maturity date on loan is December 15, 1994.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 15 -
<PAGE> 19
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Little, 1,850.00 242.84 66.84 1,506.09
Kimberly
Londono, 2,400.00 0.00 0.00 0.00
Rodrigo
Mair, 3,000.00 0.00 0.00 3,000.00
Donald
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Little, 401(k) loan. 1,506.09 21.96
Kimberly 7% interest rate.
Original maturity date on loan is October 15, 1998.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest
borrower's 401(k) accounts under the Plan.
Londono, 401(k) loan. 0.00 0.00
Rodrigo 7% interest rate.
Original maturity date on loan 1 is September
30, 1994. Original maturity date on loan 2
is October 15, 1996.
Total outstanding balances due upon termination
of employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Mair, 401(k) loan. 3,000.00 33.25
Donald 8.5% interest rate.
Original maturity date on loan is November 30, 1996.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 16 -
<PAGE> 20
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Mazzucco, 1,030.00 25.02 7.68 0.00
Paul
Morris, 3,408.00 463.15 131.95 0.00
Kevin
Nelson, 2,270.00 65.09 24.71 0.00
Michael
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- ------------------------------------------------------------------------------------------
<S> <C> <C>
Mazzucco, 401(k) loan. 0.00 0.00
Paul 9% interest rate.
Original maturity date on loan is May 31, 1995.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Morris, 401(k) loan. 0.00 0.00
Kevin 9% interest rate.
Original maturity date on loan is February 28, 1998.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Nelson, 401(k) loan. 0.00 0.00
Michael 7% interest rate.
Original maturity date on loan is August 31, 1999.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 17 -
<PAGE> 21
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Newton, 7,500.00 933.53 372.95 6,566.47
Paul
Nott, 2,126.00 28.17 15.89 0.00
William
Nugent, 3,500.00 0.00 0.00 0.00
Justin
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Newton, 401(k) loan. 6,566.47 73.87
Paul 9% interest rate.
Original maturity date on loan is March 31, 1999.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Nott, 401(k) loan. 0.00 0.00
William 9% interest rate.
Original maturity date on loan is March 15, 2000.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Nugent, 401(k) loan. 0.00 0.00
Justin 7% interest rate.
Original maturity date on loan is July 21, 1994.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 18 -
<PAGE> 22
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Oxford, 1,000.00 160.65 13.71 839.35
Celina
Ransom, 1,500.00 0.00 0.00 0.00
Christine
Perry, 1,640.00 58.53 22.57 0.00
Robert
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Oxford, 401(k) loan. 839.35 6.12
Celina 8.5% interest rate.
Original maturity date on loan is October 15, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Ransom, 401(k) loan. 0.00 0.00
Christine 7% interest rate.
Original maturity date on loan is March 24, 1995.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Perry, 401(k) loan. 0.00 0.00
Robert 7% interest rate.
Original maturity date on loan is September 30, 1999.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 19 -
<PAGE> 23
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Rannefeld, 1,685.00 144.64 42.61 0.00
James
Roy, Jr., 3,470.00 0.00 0.00 3,372.82
James
Sheffield, 2,590.00 151.20 53.96 0.00
Thomas
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Rannefeld, 401(k) loan. 0.00 0.00
James 9% interest rate.
Original maturity date on loan is March 31, 1998.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Roy, Jr., 401(k) loan. 3,372.82 236.10
James 7% interest rate.
Original maturity date on loan is September 15, 1999.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Sheffield, 401(k) loan. 0.00 0.00
Thomas 7% interest rate.
Original maturity date on loan is June 30, 1999.
Total outstanding balances due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 20 -
<PAGE> 24
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Shinn, 1,200.00 0.00 0.00 0.00
Noel
Stein, 1,000.00 0.00 0.00 0.00
Tamara
Sybersma, 1,520.00 616.74 46.66 0.00
Gregory
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Shinn, 401(k) loan. 0.00 0.00
Noel 7% interest rate.
Original maturity date on loan is July 15, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Stein, 401(k) loan. 0.00 0.00
Tamara 7% interest rate.
Original maturity date on loan is August 31, 1993.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Sybersma, 401(k) loan. 0.00 0.00
Gregory 9% interest rate.
Original maturity date on loan is April 15, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 21 -
<PAGE> 25
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Tate, 3,720.00 481.48 180.74 0.00
William
Vajda, 4,000.00 0.00 0.00 3,009.20
Ivan
Wagner, 4,240.00 0.00 0.00 0.00
Albert
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Tate, 401(k) loan. 0.00 0.00
William 7% interest rate.
Original maturity date on loan is November 30, 1999.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Vajda, 401(k) loan. 3,009.20 210.64
Ivan 7% interest rate.
Original maturity date on loan is June 28, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Wagner, 401(k) loan. 0.00 0.00
Albert 7% interest rate.
Original maturity date on loan is April 15, 1997.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 22 -
<PAGE> 26
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Vincifora, 1,000.00 167.60 5.20 0.00
Carmel
Vogt, 10,725.00 575.20 315.32 10,149.80
James
Ward, 4,000.00 642.68 56.00 3,357.32
Jerry A.
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Vincifora, 401(k) loan. 0.00 0.00
Carmel 7% interest rate.
Original maturity date on loan is July 15, 1995.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Vogt, 401(k) loan. 10,149.80 114.19
James 9% interest rate.
Original maturity date on loan is July 31, 1999.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
Ward, 401(k) loan. 3,357.32 48.96
Jerry A. 8.5% interest rate.
Original maturity date on loan is September 30, 1996.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 23 -
<PAGE> 27
SCHEDULE II
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27b - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
UNPAID
ORIGINAL PRINCIPAL
IDENTITY OF AMOUNT OF AMOUNT RECEIVED IN 1995 BALANCE
OBLIGOR LOAN PRINCIPAL INTEREST AT 12/31/95
- ---------------------------------------------------------------------
<S> <C> <C> <C> <C>
Wilson, 2,341.00 639.87 107.45 1,701.13
Denise
<CAPTION>
AMOUNT OVERDUE
IDENTITY OF AT 12/31/95
OBLIGOR DESCRIPTION OF LOAN PRINCIPAL INTEREST
- -------------------------------------------------------------------------------------------
<S> <C> <C>
Wilson, 401(k) loan. 1,701.13 44.65
Denise 9% interest rate.
Original maturity date on loan is March 15, 1997.
Total outstanding balance due upon termination of
employment.
Trustee has first priority security interest in
borrower's 401(k) accounts under the Plan.
</TABLE>
The accompanying notes are an integral part of this schedule.
- 24 -
<PAGE> 28
SCHEDULE III
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
DESCRIPTION OF ASSET PURCHASES
IDENTITY OF (INCLUDE INTEREST RATE --------------------------
PARTY INVOLVED AND MATURITY) PRICE NUMBER
- --------------------------------------------- ------------------ ------------ ---------
<S> <C> <C> <C>
AGGREGATED TRANSACTIONS:
Smith Barney Corporate Trust Co. Money Market Fund $ 10,642,807 341
Reserve Deposit Account (RDA VI)
Smith Barney Corporate Trust Co
Employee Benefit Deposit Account (EBDA)
Money Market Fund Money Market Fund 3,052,748 45
AIM Constellation Fund Mutual Fund 3,349,151 7
The Bond Fund of America Mutual Fund 2,280,984 18
EuroPacific Growth Fund Mutual Fund 4,068,272 10
Fidelity Advisor Growth
Opportunities Fund Mutual Fund 4,340,033 9
Phoenix Income and Growth Fund Mutual Fund 2,766,381 11
SINGLE TRANSACTIONS:
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund 2,926,373 1
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Money Market Fund
<CAPTION>
SALES
-------------------------------------------------------------------
CURRENT VALUE OF
ASSET ON
IDENTITY OF COST OF TRANSACTION NET GAIN
PARTY INVOLVED PRICE NUMBER ASSETS SOLD DATE (LOSS)
- ----------------------------- ------------ --------- ----------- ---------------- --------
<S> <C> <C> <C> <C> <C>
AGGREGATED TRANSACTIONS:
Smith Barney Corporate Trust Co. $ 24,701,760 287 $ 24,701,760 $ 24,701,760 --
Reserve Deposit Account (RDA VI)
Smith Barney Corporate Trust Co
Employee Benefit Deposit Account (EBDA)
Money Market Fund 1,061,840 40 1,061,840 1,061,840 --
AIM Constellation Fund
The Bond Fund of America
EuroPacific Growth Fund
Fidelity Advisor Growth
Opportunities Fund
Phoenix Income and Growth Fund
SINGLE TRANSACTIONS:
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
2,168,014 1 2,168,014 2,168,014 --
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
2,296,428 1 2,296,428 2,296,428 --
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
1,735,566 1 1,735,566 1,735,566 --
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
2,920,009 1 2,920,009 2,920,009 --
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
2,264,104 1 2,264,104 2,264,104 --
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
1,845,008 1 1,845,008 1,845,008 --
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
1,266,489 1 1,266,489 1,266,489 --
Smith Barney Corporate Trust Co.
Reserve Deposit Account (RDA VI)
1,520,010 1 1,520,010 1,520,010 --
</TABLE>
The accompanying notes are an integral part of this schedule.
- 25 -
<PAGE> 29
SCHEDULE III
(CONT'D)
APPLIED BIOSCIENCE INTERNATIONAL INC.
U.S. RETIREMENT SAVINGS PLAN
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
DESCRIPTION OF ASSET PURCHASES
IDENTITY OF (INCLUDE INTEREST RATE --------------------------
PARTY INVOLVED AND MATURITY) PRICE NUMBER
- --------------------------------------------- ------------------ ------------ ---------
<S> <C> <C> <C>
SINGLE TRANSACTIONS CONT'D:
Smith Barney Corporate Trust Co
Employee Benefit Deposit Account (EBDA)
Money Market Fund Money Market Fund 2,319,083 1
AIM Constellation Fund Mutual Fund 2,168,014 1
The Bond Fund of America Mutual Fund 1,520,010 1
EuroPacific Growth Fund Mutual Fund 2,700,019 1
Fidelity Advisor Growth
Opportunities Fund Mutual Fund 2,920,009 1
Phoenix Income and Growth Fund Mutual Fund 1,845,008 1
<CAPTION>
SALES
-------------------------------------------------------------------
CURRENT VALUE OF
ASSET ON
IDENTITY OF COST OF TRANSACTION NET GAIN
PARTY INVOLVED PRICE NUMBER ASSETS SOLD DATE (LOSS)
- ----------------------------- ------------ --------- ----------- ---------------- --------
<S> <C> <C> <C> <C> <C>
SINGLE TRANSACTIONS CONT'D:
Smith Barney Corporate Trust Co
Employee Benefit Deposit Account (EBDA)
Money Market Fund
AIM Constellation Fund
The Bond Fund of America
EuroPacific Growth Fund
Fidelity Advisor Growth
Opportunities Fund
Phoenix Income and Growth Fund
</TABLE>
The accompanying notes are an integral part of this schedule.
- 26 -
<PAGE> 30
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have
duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
APPLIED BIOSCIENCE INTERNATIONAL INC. U.S. RETIREMENT SAVINGS PLAN
Date June 28, 1996 By /s/ Carol P. Hanna
------------------------- ------------------------
Controller
(Chief Accounting Officer)
<PAGE> 31
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Sequential
Exhibit Description Page Number
------------------- -----------
<S> <C>
Consent of Arthur Andersen LLP
</TABLE>
<PAGE> 1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation of
our report dated June 21, 1995, included in this Form 11-K, into Applied
Bioscience International Inc.'s previously filed Registration Statement on Form
S-8, File No. 33-56678.
/s/ ARTHUR ANDERSEN LLP
Washington, D.C.
June 27, 1996
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