BECKMAN COULTER INC
11-K, 2000-06-29
LABORATORY ANALYTICAL INSTRUMENTS
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<PAGE>   1
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                       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 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996].



For the fiscal year ended December 31, 1999





                                       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             001-10109
                                ---------------


               A.     Full title of the plan and the address of the plan, if
                      different from that of the issuer named below:

                       BECKMAN COULTER, INC. SAVINGS PLAN


               B.     Name of issuer of the securities held pursuant to the plan
                      and the address of its principal executive office:

                              BECKMAN COULTER, INC.
                           4300 North Harbor Boulevard
                           Fullerton, California 92835


--------------------------------------------------------------------------------
<PAGE>   2
BECKMAN COULTER, INC.
SAVINGS PLAN

Financial Statements for the Years
Ended December 31, 1999 and 1998,
Supplemental Schedule, and
Independent Auditors' Report


<PAGE>   3
BECKMAN COULTER, INC. SAVINGS PLAN
<TABLE>
<CAPTION>
TABLE OF CONTENTS
----------------------------------------------------------------------------------------

                                                                                   PAGE
<S>                                                                                <C>
INDEPENDENT AUDITORS' REPORT                                                         1

FINANCIAL STATEMENTS:
Statement of net assets available for benefits as of December 31, 1999 and 1998      2
Statement of changes in net assets available for benefits
     for the year ended December 31, 1999                                            3
Notes to financial statements for the years ended
     December 31, 1999 and 1998                                                      4

SUPPLEMENTAL SCHEDULE:
Schedule of assets held for investment purposes as of December 31, 1999             11
</TABLE>

All other supplemental schedules are omitted because of the absence of
conditions under which they are required.


<PAGE>   4
INDEPENDENT AUDITORS' REPORT



To the Benefits and Finance Administration Committee of
  Beckman Coulter, Inc. Savings Plan:


We have audited the accompanying financial statements of Beckman Coulter, Inc.
Savings Plan (the Plan) as of December 31, 1999 and 1998, and for the year ended
December 31, 1999, 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 auditing standards generally accepted
in the United States of America. 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 as of December 31,
1999 and 1998, and the changes in net assets available for benefits for the year
ended December 31, 1999, in conformity with accounting principles generally
accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule listed in the
Table of Contents is presented for the purpose of additional analysis and is not
a required part of the basic financial statements, but is supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. This schedule is the responsibility of the Plan's management. Such
schedule has been subjected to the auditing procedures applied in our audits of
the basic financial statements and, in our opinion, is fairly stated in all
material respects when considered in relation to the basic financial statements
taken as a whole.




JUNE 16, 2000



<PAGE>   5
BECKMAN COULTER, INC. SAVINGS PLAN

STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1999 AND 1998
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                           1999             1998
<S>                                                  <C>              <C>
ASSETS:
Investments, at fair value:
  Common stock of Plan sponsor                        $ 49,803,739     $ 49,487,438
  Mutual funds                                         475,239,651      407,517,888
  Participant loans receivable                          15,955,232       18,877,822
  Other investments                                      5,374,830          455,827
Investment contracts, at contract value (Note 3):
  Group contracts with insurance companies              48,707,581       72,736,157
  Synthetic GICs                                       135,666,789       94,654,078
  Bank investment contracts                              6,684,963       10,027,444
                                                      ------------     ------------

      Total investments                                737,432,785      653,756,654

Cash and cash equivalents                                1,806,853        8,963,245
Contributions receivable                                 1,476,785        1,802,216
                                                      ------------     ------------
      Total assets                                     740,716,423      664,522,115
                                                      ------------     ------------

NET ASSETS AVAILABLE FOR BENEFITS                     $740,716,423     $664,522,115
                                                      ============     ============
</TABLE>


See notes to financial statements.

                                                                               2
<PAGE>   6
BECKMAN COULTER, INC. SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1999
----------------------------------------------------------------------

<TABLE>
<S>                                                      <C>
ADDITIONS TO NET PLAN ASSETS ATTRIBUTED TO:
Net appreciation in fair value of investments            $ 62,225,030
Interest                                                   11,363,881
Dividends                                                  11,572,413
                                                         ------------

    Total investment income                                85,161,324

Contributions:
  Company matching (Employer)                               8,857,470
  Retirement Plus (Employer)                                5,788,915
  Employee                                                 31,595,320
                                                         ------------

    Total contributions                                    46,241,705
                                                         ------------

      Net additions                                       131,403,029

DEDUCTION FROM PLAN ASSETS ATTRIBUTED TO:
  Distributions of benefits                               (55,176,361)
  Administrative expenses and other                           (32,360)
                                                         -------------

      Net deductions                                      (55,208,721)
                                                         ------------

NET INCREASE                                               76,194,308

NET ASSETS AVAILABLE FOR BENEFITS, beginning of year      664,522,115
                                                         ------------

NET ASSETS AVAILABLE FOR BENEFITS, end of year           $740,716,423
                                                         ============
</TABLE>


See notes to financial statements.

                                                                               3
<PAGE>   7
BECKMAN COULTER, INC. SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
--------------------------------------------------------------------------------


1.          DESCRIPTION OF PLAN

            The following description of Beckman Coulter, Inc. Savings Plan (the
            Plan) provides only general information. Participants should refer
            to the Plan document for a complete description of the Plan's
            provisions.

            General - Beckman Coulter, Inc. (the Company) established and
            adopted the Plan effective August 1, 1989.

            The Plan is a defined contribution plan covering substantially all
            Company employees who have completed a three-month period of
            employment within the Company. The Plan is subject to the provisions
            of the Employee Retirement Income Security Act of 1974 (ERISA). The
            Plan is administered by the Benefits and Finance Administration
            Committee (the Committee), whose members are appointed by the Board
            of Directors of the Company.

            During October 1997, the Company acquired Coulter Corporation
            (Coulter) and formally changed its name to Beckman Coulter, Inc.
            during 1998. In connection with this acquisition, the name of the
            Beckman Stock Fund was changed to the Beckman Coulter Stock Fund
            during April 1998.

            On September 1, 1998, the Beckman Instruments Inc. Savings and
            Investment Plan was merged with the Coulter defined contribution
            plan. The Plan was amended and restated in its entirety as of that
            date, and assets under the Beckman Plan were transferred from Mellon
            Trust to T. Rowe Price. Under the restated Plan, the name of the
            Plan was changed to the Beckman Coulter, Inc. Savings Plan. The new
            plan was modified to include additional investment options, higher
            matching contributions related to the Beckman Coulter Stock Fund,
            and immediate vesting on the Company's contributions.

            In the September 1, 1998 transfer, Beckman net assets available for
            benefits of $301,905,269 were transferred from Mellon Trust to T.
            Rowe Price. Additionally, on September 1, 1998, net assets available
            for benefits of $268,770,255 in the Coulter Corp. Savings Plan were
            transferred to the Beckman Coulter, Inc. Savings Plan.

            Contributions - Participants may elect to contribute up to 15% of
            their eligible pay and up to 80% of their bonus in the form of
            pretax and/or after-tax withholdings. Each participant's pretax
            contributions in the calendar year may not exceed $10,000 in 1999
            and 1998.

            Company matching contributions to the Plan are allocated to
            participants based on a specified percentage of actual employee
            contributions. Forfeitures are applied to reduce the Company's
            contributions.

            In addition, employees of Coulter become a participant in Retirement
            Plus on the first day following completion of 12 months of service.
            Each quarter, the Company makes contributions to participants'
            Retirement Plus account. These contributions consist of a basic
            contribution which ranges from 3% to



                                                                               4
<PAGE>   8
BECKMAN COULTER, INC. SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998 (CONTINUED)
--------------------------------------------------------------------------------

            9% of eligible pay for the quarter, and an excess contribution which
            ranges from zero to 4% of eligible pay that is above the Social
            Security taxable wage base for the year. Both ranges are based on
            the participant's age.

            Upon commencement of benefit payments, participants are subject to
            federal income tax on the receipt of participant pretax
            contributions, Company matching contributions, and earnings on all
            contributions.

            Investment Options - Participants have a choice of various
            investment funds for their contributions. Company contributions may
            be directed to any of these core investment funds. Participants have
            the right to elect investment options upon enrollment or
            re-enrollment into the Plan. Additionally, participants may elect to
            change their investment options and to transfer their account
            balances among the different investment funds on a daily basis.

            Income on investment funds is allocated to participants' accounts
            based on the participants' investment fund balance as a percentage
            of the total investment fund balance.

            The following description of each investment fund has been extracted
            from information contained in the respective fund's prospectus:

                   Beckman Coulter Stock Fund - Funds are invested in Beckman
                   Coulter, Inc. common stock.

                   Interest Income Fund - Funds are invested in a portfolio of
                   group annuity contracts issued by major insurance companies
                   and investment contracts with banks. The fund is managed by
                   Dwight Asset Management.

                   Blue Chip Growth Fund - Funds are invested in large and
                   medium-sized companies that the fund manager believes are
                   well established and have the potential for above-average
                   growth. The fund is managed by T. Rowe Price.

                   Index Fund - Funds are invested in all of the stocks included
                   in the S&P 500 Index in approximately the same proportions as
                   they are represented in the S&P 500 Index. The fund is
                   managed by the Vanguard Group, under the name Vanguard
                   Institutional Index Trust.

                   International Stock Fund - Funds are invested in stocks and
                   other equity-based forms of investments in companies
                   operating principally outside the United States. The fund is
                   managed by T. Rowe Price.

                   Mid-Cap Growth Fund - Fund seeks long-term growth. It invests
                   in the common stocks of medium-sized companies. The fund is
                   managed by T. Rowe Price.



                                                                               5
<PAGE>   9
BECKMAN COULTER, INC. SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998 (CONTINUED)
--------------------------------------------------------------------------------

                   Personal Strategy Balanced Fund - Fund seeks long-term
                   capital appreciation and income by investing in stocks,
                   bonds, and money market securities. The fund is managed by T.
                   Rowe Price.

                   Personal Strategy Growth Fund - Fund seeks long-term capital
                   appreciation and, secondarily, income by investing in stocks,
                   bonds, and money market securities. The fund is managed by T.
                   Rowe Price.

                   Personal Strategy Income Fund - Fund seeks to provide income
                   and, secondarily, long-term capital appreciation by investing
                   in stocks, bonds, and money market securities. The fund is
                   managed by T. Rowe Price.

                   Tradelink+ Fund - In addition to the investment funds listed
                   above, employees may also transfer funds to Tradelink+.
                   Tradelink+ offers discount brokerage services that
                   participants can invest in individual stocks, bonds, mutual
                   funds, and other securities. Participants may transfer a
                   minimum of $2,500 to a maximum of 25% of overall Plan
                   balance, less any outstanding loan amounts. Transfers to the
                   fund can be performed at any time, but may not be made from
                   funds which have come from Company matching contributions.
                   Funds may be transferred out of the fund to any of the other
                   nine funds at any time.

            Participant Loans - Participants may borrow from their fund accounts
            a minimum of $1,000 up to a maximum equal to the lesser of $50,000
            or 50% of their account balance. Repayment is generally required
            within five years or up to 15 years for the purchase of a principal
            residence. The loans are secured by the balance in the participants'
            account and bear interest at prime rate plus 1%, determined at the
            beginning of each quarter (9.50% at December 31, 1999, for new
            loans).

            Participant Accounts - Each participant's account is credited with
            (a) the participant's contributions, (b) the Company's matching
            contribution, and (c) Plan earnings. The benefit to which a
            participant is entitled is the benefit that can be provided from the
            participant's vested balance.

            Benefits and Vesting - Participants become entitled to payment of
            the total vested value of their accounts at the time of termination,
            retirement, permanent layoff, permanent disability, or death. If
            total vested value is greater than $5,000, the participants may
            elect to postpone their distribution until the year following the
            year they attain age 70 1/2.

            Participants' interests in the Company's contributions, income,
            gains, and losses on investments become fully vested immediately
            upon enrolling in the Plan, except for Retirement Plus
            contributions, which vest after five years of employment.
            Participants also become fully vested in Retirement Plus upon
            reaching normal retirement age, death, or permanent disability.
            Participants immediately vest in the value of their own
            contributions.



                                                                               6
<PAGE>   10
BECKMAN COULTER, INC. SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998 (CONTINUED)
--------------------------------------------------------------------------------

            Benefits Payable - At December 31, 1999 and 1998, the amounts of
            benefits payable to participants who have withdrawn from
            participation in the Plan were $67,580 and $249,720, respectively.
            Such amounts are not considered liabilities for financial reporting
            purposes, and accordingly, the balances are not included in the
            deductions from Plan assets attributed to distribution of benefits
            for the years ended December 31, 1999 and 1998.

            Continuation of the Plan - The Company anticipates and believes the
            Plan will continue without interruption but reserves the right to
            discontinue the Plan. If the Plan is terminated by the Company, the
            accounts of all affected participants become 100% vested and
            nonforfeitable without regard to the years of service of
            participants.

            Risks and Uncertainties - The Plan provides for various investment
            options in any combination of equity, fixed-income, and other
            investment securities. Investment securities are exposed to various
            risks, such as interest rate, market, and credit. Due to the level
            of risk associated with certain investment securities and the level
            of uncertainty related to changes in the value of investment
            securities, it is at least reasonably possible that changes in risks
            in the near term could materially affect participants' account
            balances and the amounts reported in the statements of net assets
            available for benefits and the statement of changes in net assets
            available for benefits.


2.          SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

            Basis of Accounting - The accompanying financial statements have
            been prepared on the accrual basis of accounting in accordance with
            accounting principles generally accepted in the United States of
            America.

            Investment Valuation - Investments are stated at fair value except
            for guaranteed investment contracts which are stated at contract
            value (Note 3). The fair value of the common stock is based on
            quotations obtained from national securities exchanges on the last
            business day of the Plan year. The fair values of the mutual funds
            and commingled funds are based on the net asset value reported by
            the funds. The purchases and sales of securities are recorded as of
            the date of trade. The average cost method is used in determining
            gains and losses on the sales of securities.

            Administrative Expenses - Principally all of the Plan's
            administrative expenses are paid by the Company. The Company has
            elected to pay these administrative expenses on behalf of the Plan
            but reserves the right to change this election. Such expenses
            amounted to approximately $190,000 for the year ended December 31,
            1999.

            Use of Estimates - The preparation of the financial statements in
            conformity with accounting principles generally accepted in the
            United States of America 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.



                                                                               7
<PAGE>   11
BECKMAN COULTER, INC. SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998 (CONTINUED)
--------------------------------------------------------------------------------

            Cash and Cash Equivalents - The Plan considers all highly liquid
            investments purchased with an original maturity of three months or
            less to be cash equivalents.


3.          VALUATION OF INVESTMENT CONTRACTS

            The Plan's investment contracts are fully benefit-responsive and
            have an estimated fair value that equals their contract value of
            $191,059,333 and $177,417,679 at December 31, 1999 and 1998,
            respectively. The Plan's investment contracts yield an average
            return of 6.49% and earn interest at rates ranging from 5.55% to
            7.48% at December 31, 1999 and 5.36% to 8.99% at December 31, 1998.


4.          ASSETS HELD FOR INVESTMENT

            Information regarding assets held for investment as of December 31,
            1999 and 1998, is as follows:

<TABLE>
<CAPTION>
                                        1999                                1998
                             ------------------------------    -----------------------------
                                              FAIR/CONTRACT                    FAIR/CONTRACT
                                 COST            VALUE             COST            VALUE
<S>                          <C>              <C>              <C>              <C>
Common stock:
  Beckman Coulter, Inc.      $ 30,688,442     $ 49,803,739     $ 50,424,255     $ 49,487,438

Mutual funds:
Blue Chip Growth Fund         205,341,274      258,461,853      208,734,410      225,296,077
Vanguard Institutional
  Index Fund                   60,800,868       81,219,887       47,014,171       58,063,725
International Stock Fund       11,754,783       15,144,717        9,051,857        9,760,586
Mid-Cap Growth Fund            27,978,230       32,247,325       24,944,535       25,034,153
Personal Strategy
  Balanced Fund                69,915,585       73,783,995       74,183,987       77,014,857
Personal Strategy
  Growth Fund                   7,788,479        8,147,011        6,734,299        6,736,634
Personal Strategy
  Income Fund                   6,344,492        6,234,863        5,607,647        5,611,856
                             ------------     ------------     ------------     ------------
  Total mutual funds          389,923,711      475,239,651      376,270,906      407,517,888

Other investments:
Tradelink+ Fund                 5,374,830        5,374,830          455,827          455,827

Participant loans
  receivable                   15,955,232       15,955,232       18,877,822       18,877,822
</TABLE>



                                                                               8
<PAGE>   12
BECKMAN COULTER, INC. SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998 (CONTINUED)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                           1999                               1998
                               ------------------------------   ------------------------------
                                               FAIR/CONTRACT                     FAIR/CONTRACT
                                    COST           VALUE             COST            VALUE
<S>                            <C>              <C>              <C>              <C>
Interest Income Fund:
Group insurance
  contracts:
Aetna - GIC 14363              $ 14,704,833     $ 14,704,833     $ 13,807,654     $ 13,807,654
GE Life & Annuity -
  GS 3175                        10,707,607       10,707,607       10,144,583       10,144,583
Hartford - GA 9523C                                                 7,811,960        7,811,960
John Hancock
GIC 8818                          5,907,288        5,907,288        5,547,791        5,547,791
New York Life -
  GA 30050                                                         13,473,312       13,473,312
  31042                          17,387,853       17,387,853
Prudential - 8089-211                                              21,950,857       21,950,857
                               ------------     ------------      -----------      -----------
                                 48,707,581       48,707,581       72,736,157       72,736,157

Synthetic Group:
  Insurance contracts:
    Credit Suisse 77441-01
    GIC                                                            15,338,583       15,338,583
  Monumental -
    BDA 00039TR                                                     8,354,864        8,354,864
  MetLife/Loomis:
    252531                       24,238,330       24,238,330
  CDC Financial Products:
    FP1062-01                    16,300,127       16,300,127
  State Street Synthetic -
    Contract 97077               43,425,173       43,425,173       30,636,507       30,636,507
  Transamerica:
    Contract #76850              46,294,451       46,294,451       35,235,916       35,235,916
  UBS Agreement -
    Contract 2077                 5,408,708        5,408,708        5,088,208        5,088,208
                               ------------     ------------      -----------      -----------
                                135,666,789      135,666,789       94,654,078       94,654,078
</TABLE>



                                                                               9
<PAGE>   13
BECKMAN COULTER, INC. SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998 (CONTINUED)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                      1999                              1998
                         ------------------------------     -----------------------------
                                          FAIR/CONTRACT                     FAIR/CONTRACT
                              COST           VALUE             COST            VALUE
<S>                      <C>              <C>               <C>             <C>
Bank investment
  contracts:
  Lehman GIC
    #101121895G           $  6,684,963     $  6,684,963     $ 10,027,444     $ 10,027,444
                          ------------     ------------     ------------     ------------
Total interest income
  fund                     191,059,333      191,059,333      177,417,679      177,417,679
                          ------------     ------------     ------------     ------------
Total assets held for
  investments             $633,001,548     $737,432,785     $623,446,489     $653,756,654
                          ============     ============     ============     ============
</TABLE>

5.          TAX STATUS

            The Internal Revenue Service has determined and informed the Company
            by letter dated October 1, 1990 that the Plan and related trust are
            designed in accordance with the applicable sections of the Internal
            Revenue Code (the Code). The Plan has been amended since receiving
            the determination letter. However, the Plan administrator and the
            Plan's tax counsel believe that the Plan is currently designed and
            being operated in compliance with the applicable requirements of the
            Code and the related trust was tax-exempt as of the financial
            statement date. Therefore, no provision of income taxes has been
            included in the Plan's financial statements.





                                                                              10
<PAGE>   14




                              SUPPLEMENTAL SCHEDULE



<PAGE>   15
BECKMAN COULTER, INC. SAVINGS PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1999
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                                      SHARES                           CURRENT
DESCRIPTION OF INVESTMENT                            OR UNITS          COST             VALUE
<S>                                                <C>             <C>              <C>
COMMON STOCK:
 Beckman Coulter, Inc. ...........................      978,943     $ 30,688,442     $ 49,803,739

BLUE CHIP GROWTH FUND
 T. Rowe Price Blue Chip Growth Fund .............    7,112,324      205,341,274      258,461,853

INDEX FUND
 Vanguard Institutional Index Fund ...............      606,073       60,800,868       81,219,887

INTERNATIONAL STOCK FUND
 T. Rowe Price International Stock Fund ..........      795,834       11,754,783       15,144,717

MID-CAP GROWTH FUND
 T. Rowe Price Mid-Cap Growth Fund ...............      803,572       27,978,230       32,247,325

PERSONAL STRATEGY BALANCED FUND
 T. Rowe Price Personal Strategy Balanced Fund ...    4,543,349       69,915,585       73,783,995

PERSONAL STRATEGY GROWTH FUND
 T. Rowe Price Personal Strategy Growth Fund .....      418,224        7,788,479        8,147,011

PERSONAL STRATEGY INCOME FUND
 T. Rowe Price Personal Strategy Income Fund .....      478,501        6,344,492        6,234,863

OTHER INVESTMENTS
 Tradelink+ Fund .................................    5,374,830        5,374,830        5,374,830
</TABLE>



                                                                              11
<PAGE>   16
BECKMAN COULTER, INC. SAVINGS PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1999 (CONTINUED)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                             INTEREST     MATURITY                           CURRENT
DESCRIPTION OF INVESTMENT                      RATE         DATE            COST              VALUE
<S>                                          <C>          <C>           <C>              <C>
INTEREST INCOME FUND -
 Group insurance contracts:
  Aetna - GIC 14363.........................  6.500%     11/16/00      $ 14,704,833     $ 14,704,833
  GE Life & Annuity - GS 3175...............  5.550%     Various         10,707,607       10,707,607
  John Hancock - GIC 8818...................  6.480%     06/15/00         5,907,288        5,907,288
  New York Life - GA 31042..................  6.670%     06/14/02        17,387,853       17,387,853
                                                                       ------------     ------------
    Total group insurance contracts.........                             48,707,581       48,707,581

Synthetic group insurance contracts:
 CDC Financial Products 1061-01.............  6.260%     Evergreen       16,300,127       16,300,127
 MetLife Loans - 252531.....................  7.480%     Evergreen       24,238,330       24,238,330
 State Street Synthetic - Contract 97077....  6.408%     Evergreen       43,425,173       43,425,173
 Transamerica Life #76850...................  6.398%     Evergreen       46,294,451       46,294,451
 UBS Agreement - Contract 2077..............  6.288%     Evergreen        5,408,708        5,408,708
                                                                       ------------      -----------
    Total synthetic group insurance
      contracts.............................                            135,666,789      135,666,789

Bank investment contracts -
 Lehman GIC #101121895G ....................  6.175%     12/17/01         6,684,963        6,684,963
                                                                       ------------    -------------
    Total bank investment contracts.........                              6,684,963        6,684,963

Participant loans receivable (interest
 ranging from 8.25% to 9.75%)...............                             15,955,232       15,955,232
                                                                       ------------     ------------
    Total investments.......................                           $633,001,548     $737,432,785
                                                                       ============     ============
</TABLE>



                                                                              12
<PAGE>   17
                                   SIGNATURES

          The Plan.  Pursuant to the requirements of the Securities Exchange Act
of 1934, the trustees (or other persons who administer the Plan) have duly
caused this annual report to be signed by the undersigned hereunto duly
authorized.


                                      BECKMAN COULTER, INC.
                                      SAVINGS PLAN

                                      By:  Beckman Coulter, Inc.
                                           Benefits Finance and Administration
                                           Committee

Date:  June 28, 2000                  By:  /s/ James T. Glover
                                           ---------------------------------
                                           James T. Glover
                                      Its: Committee Chairman
                                           Vice President and Treasurer

<PAGE>   18
                                INDEX TO EXHIBITS
<TABLE>
<CAPTION>

Exhibit
Number          Description
-------         -----------

<S>             <C>
23.1            Consent of Deloitte & Touche, LLP
</TABLE>



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