<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of
The Securities Exchange Act of 1934
For the Years Ended December 31, 1998 and 1997
Commission File Number 1-4166
FRONTIER CORPORATION
EMPLOYEES'
RETIREMENT SAVINGS PLAN
(Full name of plan)
FRONTIER CORPORATION
(Name of issuer of securities
held pursuant to the plan)
180 South Clinton Avenue
Rochester, New York 14646-0700
(Address of principal executive offices)
REQUIRED INFORMATION
<TABLE>
<S> <C>
Index to Financial Statements and Schedules Page 1
Report of Independent Accountants Page 2
Statements of Net Assets Available for Benefits, with
Fund Information at December 31, 1998 and 1997 Pages 3 - 4
Statement of Changes in Net Assets Available for Benefits,
with Fund Information for the Year Ended December 31, 1998 Page 5
Notes to Financial Statements Pages 6 - 9
Schedule of Assets Held for Investment Purposes Schedule I
Schedule of Loans or Fixed Income Obligations Schedule II
Schedule of Reportable Transactions Schedule III
</TABLE>
The following exhibit is filed as part of this Report.
Consent of Independent Accountants
<PAGE>
Frontier Corporation
Employees' Retirement
Savings Plan
Financial Statements
December 31, 1998 and 1997
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan
Index to Financial Statements Page 1
- ------------------------------------------------------------------------------
Report of Independent Accountants Page 2
Statements of Net Assets Available for Benefits, with
Fund Information at December 31, 1998 and 1997 Pages 3 - 4
Statement of Changes in Net Assets Available for Benefits,
with Fund Information for the Year Ended December 31, 1998 Page 5
Notes to Financial Statements Pages 6 - 9
Line 27a - Schedule of Assets Held for Investment Purposes Schedule I
Line 27b - Schedule of Loans or Fixed Income Obligations Schedule II
Line 27d - Schedule of Reportable Transactions Schedule III
* * * * * * *
* Other schedules required by Section 2520 103-10 of the Department of Labor
Rules and Regulations for Reporting and Disclosure under ERISA have been
omitted because they are not applicabble.
<PAGE>
Page 2
Report of Independent Accountants
February 26, 1999
To the Participants and Administrator of the
Frontier Corporation Employees' Retirement Savings Plan
In our opinion, the accompanying statements of net assets available for
benefits, with fund information, and the related statement of changes in net
assets available for benefits, with fund information present fairly, in all
material respects, the net assets available for benefits of the Frontier
Corporation Employees' Retirement Savings Plan at December 31, 1998 and 1997,
and the changes in net assets available for benefits for the year ended December
31, 1998, in conformity with generally accepted accounting principles. 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 of these statements in accordance with
generally accepted auditing standards which 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,
assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for the opinion expressed
above.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The additional information included in
Schedules I, II and III is presented for purposes of additional analysis and is
not a required part of the basic financial statements but is additional
information required by the Employee Retirement Income Security Act of 1974
("ERISA"). The fund information in the statements of net assets available for
benefits, with fund information, and the statement of changes in net assets
available for benefits, with fund information is presented for purposes of
additional analysis rather than to present the net assets available for benefits
and changes in net assets available for benefits of each fund. Schedules I, II
and III and the fund information have been subjected to the auditing procedures
applied in the audits of the basic financial statements and, in our opinion, are
fairly stated in all material respects in relation to the basic financial
statements taken as a whole.
/s/ PricewaterhouseCoopers LLP
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan
Statement of Net Assets Available for Benefits, with Fund Information Page 3
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Fund Information at December 31, 1998
--------------------------------------------------------------------------------
Participant Directed
--------------------------------------------------------------------------------
Fund A Fund B Fund C Fund D Fund E
<S> <C> <C> <C> <C> <C>
Assets
Investments, at fair value:
Registered investment companies -
Putnam Income Fund $ 12,899,159
Putnam Global Growth Fund $ 23,481,464
Putnam Voyager Fund $ 52,783,761
Putnam Fund for Growth
and Income
Putnam Asset Allocation Fund
Balanced Portfolio
Common trust -
Putnam S & P 500 Index Fund $ 37,889,923
Stable Value Fund $ 39,410,558
Frontier Corporation Common Stock
Participant loans
------------- ------------ ------------- -------------- -------------
Total investments 12,899,159 23,481,464 52,783,761 39,410,558 37,889,923
------------- ------------ ------------- -------------- -------------
Receivables:
Participants' contributions
Employer's contributions
Total receivables
Net assets available for benefits $ 12,899,159 $ 23,481,464 $ 52,783,761 $ 39,410,558 $ 37,889,923
============= ============ ============= ============== =============
<CAPTION>
Fund Information at December 31, 1998
-------------------------------------------------------------------------------------------
Participant Directed
-------------------------------------------------------------------------------------------
Participant
Fund F Fund G Fund H Loans Other Total
<S> <C> <C> <C> <C> <C> <C>
Assets
Investments, at fair value:
Registered investment companies -
Putnam Income Fund $ 12,899,159
Putnam Global Growth Fund 23,481,464
Putnam Voyager Fund 52,783,761
Putnam Fund for Growth
and Income $ 3,106,035 3,106,035
Putnam Asset Allocation Fund
Balanced Portfolio $1,179,075 1,179,075
Common trust -
Putnam S & P 500 Index Fund 37,889,923
Stable Value Fund 39,410,558
Frontier Corporation Common Stock $ 79,185,985 79,185,985
Participant loans $ 7,314,405 7,314,405
------------- ------------- ---------- ------------- ---------------
Total investments 79,185,985 3,106,035 1,179,075 7,314,405 257,250,365
------------- ------------- ---------- ------------- ---------------
Receivables:
Participants' contributions $ 844,359 844,359
Employer's contributions 1,441,579 1,441,579
-------------- ---------------
Total receivables 2,285,938 2,285,938
-------------- ---------------
Net assets available for benefits $ 79,185,985 $ 3,106,035 $1,179,075 $ 7,314,405 $ 2,285,938 $ 259,536,303
============= ============= ========== ============= ============== ===============
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan
Statement of Net Assets Available for Benefits, with Fund Information Page 4
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Fund Information at December 31, 1997
-------------------------------------------------------------------------------------
Participant Directed
-------------------------------------------------------------------------------------
Fund A Fund B Fund C Fund D Fund E Fund F
<S> <C> <C> <C> <C> <C> <C>
Assets
Investments, at fair value:
Registered investment companies -
Putnam Income Fund $ 12,539,046
Putnam Global Growth Fund $18,163,092
Putnam Voyager Fund $42,749,688
Putnam Fund for Growth
and Income
Putnam Asset Allocation Fund
Balanced Portfolio
Common trust -
Putnam S & P 500 Index Fund $28,049,444
Stable Value Fund $36,395,304
Frontier Corporation Common Stock $ 56,678,052
Participant loans
------------ ----------- ----------- ----------- ----------- ------------
Total investments 12,539,046 18,163,092 42,749,688 36,395,304 28,049,444 56,678,052
------------ ----------- ----------- ----------- ----------- ------------
Receivables:
Participants' contributions
Employer's contributions
Total receivables
Net assets available for benefits $ 12,539,046 $18,163,092 $42,749,688 $36,395,304 $28,049,444 $ 56,678,052
============ =========== =========== =========== =========== ============
<CAPTION>
Fund Information at December 31, 1997
---------------------------------------------------------------------
Participant Directed
---------------------------------------------------------------------
Participant
Fund G Fund H Loans Other Total
<S> <C> <C> <C> <C> <C>
Assets
Investments, at fair value:
Registered investment companies -
Putnam Income Fund $ 12,539,046
Putnam Global Growth Fund 18,163,092
Putnam Voyager Fund 42,749,688
Putnam Fund for Growth
and Income $ 1,059,892 1,059,892
Putnam Asset Allocation Fund
Balanced Portfolio $460,457 460,457
Common trust -
Putnam S & P 500 Index Fund 28,049,444
Stable Value Fund 36,395,304
Frontier Corporation Common Stock 56,678,052
Participant loans $ 6,712,102 6,712,102
----------- --------------
Total investments 1,059,892 460,457 6,712,102 202,807,077
------------ -------- ----------- --------------
Receivables:
Participants' contributions $1,025,512 1,025,512
Employer's contributions 258,126 258,126
---------- --------------
Total receivables 1,283,638 1,283,638
---------- --------------
Net assets available for benefits $ 1,059,892 $460,457 $ 6,712,102 $1,283,638 $ 204,090,715
============ ======== =========== ========== ==============
</TABLE>
The acompanying notes are an integral part of these financial statements.
<PAGE>
Frontier Corporation
Employee's Retirement Savings Plan
Statement of Changes in Net Assets Available for Benefits,
with Fund Information Page 5
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Fund Information for the Year Ended December 31, 1998
-------------------------------------------------------------------------------------
Participant Directed
-------------------------------------------------------------------------------------
Fund A Fund B Fund C Fund D Fund E Fund F
<S> <C> <C> <C> <C> <C> <C>
Additions
Additions to net assets attributed to:
Investment income -
Interest and dividends $ 802,393 $ 683,623 $ 3,591,356 $ 2,309,982 $ 2,107,975
Realized gain (loss), net 41,813 251,827 1,993,975 $ 2,171,933 3,967,585
Net appreciation
(depreciation) in fair
value of investments (384,129) 4,318,215 4,782,572 5,971,285 20,007,590
Participant loan interest
income
Other income 2 772 2,807 37 1,687 44
Contributions -
Participants' contributions 1,043,173 2,204,645 5,263,780 1,325,792 3,247,245 3,101,147
Employer's contributions 6,713,805
----------- ----------- ----------- ----------- ----------- -----------
Total additions 1,503,252 7,459,082 15,634,490 3,635,811 11,392,150 35,898,146
----------- ----------- ----------- ----------- ----------- -----------
Deductions
Deductions from net assets
attributed to:
Benefits paid to participants 1,143,635 1,870,495 4,663,449 5,602,281 2,795,902 9,096,297
Other expense 1,625 2,947 6,838 3,639 3,708 5,750
----------- ----------- ----------- ----------- ----------- -----------
Total deductions 1,145,260 1,873,442 4,670,287 5,605,920 2,799,610 9,102,047
----------- ----------- ----------- ----------- ----------- -----------
Net increase (decrease) prior
to fund transfers 357,992 5,585,640 10,964,203 (1,970,109) 8,592,540 26,796,099
Interfund transfers, net (9,010) (450,366) (1,707,199) 4,492,088 1,166,795 (4,287,082)
Transfers from (to) other plans 11,131 183,098 777,069 493,275 81,144 (1,084)
----------- ----------- ----------- ----------- ----------- -----------
Net increase 360,113 5,318,372 10,034,073 3,015,254 9,840,479 22,507,933
Net assets available for benefits:
Beginning of year 12,539,046 18,163,092 42,749,688 36,395,304 28,049,444 56,678,052
----------- ----------- ----------- ----------- ----------- -----------
End of year $12,899,159 $23,481,464 $52,783,761 $39,410,558 $37,889,923 $79,185,985
=========== =========== =========== =========== =========== ===========
<CAPTION>
Fund Information for the Year Ended December 31, 1998
-------------------------------------------------------------------
Participant Directed
-------------------------------------------------------------------
Participant
Fund G Fund H Loans Other Total
<S> <C> <C> <C> <C> <C>
Additions
Additions to net assets attributed to:
Investment income -
Interest and dividends $ 265,614 $ 34,130 $ 9,795,073
Realized gain (loss), net (14,838) (15,713) 8,396,582
Net appreciation
(depreciation) in fair
value of investments 37,233 52,179 34,784,945
Participant loan interest
income $ 444,792 444,792
Other income 227 116 5,692
Contributions -
Participants' contributions 718,047 193,882 $ 844,359 17,942,070
Employer's contributions 1,441,579 8,155,384
---------- ---------- ---------- ---------- ------------
Total additions 1,006,283 264,594 444,792 2,285,938 79,524,538
---------- ---------- ---------- ---------- ------------
Deductions
Deductions from net assets
attributed to:
Benefits paid to participants 189,425 30,886 552,716 25,945,086
Other expense 131 39 24,677
---------- ---------- ---------- ------------
Total deductions 189,556 30,925 552,716 25,969,763
---------- ---------- ---------- ------------
Net increase (decrease) prior
to fund transfers 816,727 233,669 (107,924) 2,285,938 53,554,775
Interfund transfers, net 1,001,872 293,217 783,323 (1,283,638) -
Transfers from (to) other plans 227,544 191,732 (73,096) 1,890,813
---------- ---------- ---------- ---------- ------------
Net increase 2,046,143 718,618 602,303 1,002,300 55,445,588
Net assets available for benefits:
Beginning of year 1,059,892 460,457 6,712,102 1,283,638 204,090,715
---------- ---------- ---------- ---------- ------------
End of year $3,106,035 $1,179,075 $7,314,405 $2,285,938 $259,536,303
========== ========== ========== ========== ============
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan
Notes to Financial Statements
Years Ended December 31, 1998 and 1997 Page 6
- -------------------------------------------------------------------------------
1. Description of the Plan
The Frontier Corporation Employees' Retirement Savings Plan (the "Plan") is a
defined contribution plan established by the Board of Directors of Frontier
Corporation (the "Company") effective March 1, 1994. The Plan is subject to
the applicable provisions of the Employee Retirement Income Security Act of
1974 ("ERISA"). The Plan provides participants the option of having their
basic and supplemental contributions to the Plan made on a salary reduction
basis and on a deferred tax basis. The principal provisions of the Plan are
described below and are provided for general information purposes only.
Participants should refer to the Plan document for a more complete
description of the Plan's provisions.
During 1998, the Global Center, Inc. 401(k) Plan was merged into this Plan.
The transfer of the Global Center assets, $1,276,409, into the Plan was
completed in July 1998 and is reflected in the transfer from other plans on
the Statement of Changes in Net Assets with Fund Information.
During Plan year end December 31, 1997, the RG Data Inc. 401(k) Retirement
Plan was merged into the Frontier Corporation Employees' Retirement Savings
Plan. Net assets of $512,997 were transferred from this plan during Plan
year end December 31, 1997.
During Plan year end December 31, 1997, the Plan document was amended to
allow the Company's Employee Benefit Committee to transfer participant
accounts from plans the participants are no longer eligible to participate
in, to a substantially similar 401(k) plan sponsored by Frontier Corporation,
or any corporation/business entity in which Frontier Corporation has a 50% or
more ownership or profits interest. The transfers resulting from this
amendment are reflected in the statement of changes in net assets available
for benefits, with fund information as transfers from (to) other plans.
Participation
All non-bargaining employees, except for temporary, summer and leased
employees, are eligible to participate in the Plan upon the first of the
month after 30 days of employment.
Administration
The Plan is administered by the Company's Employee Benefit Committee whose
members are appointed by the Company's Board of Directors. The Trustee of
the Plan is Putnam Fiduciary Trust Company.
Funding Policy
Upon enrollment in the Plan, a participant may direct contributions into any
of eight investment options.
Fund A - Putnam Income Fund - Funds are primarily invested in Corporate
bonds and U.S. government and agency obligations.
Fund B - Putnam Global Growth Fund - Funds are primarily invested in
foreign and domestic common stocks.
Fund C - Putnam Voyager Fund - Funds are invested in emerging growth
companies and opportunity stocks.
Fund D - Stable Value Fund - Funds are invested in a diversified
portfolio of high-quality stable value investments offering
price stability and liquidity.
<PAGE>
Page 7
Fund E - Putnam S & P 500 Index Fund - Funds are primarily invested in
stocks that comprise the S& P 500 Index.
Fund F - Frontier Corporation Common Stock - Funds are invested in common
stock of Frontier Corporation.
Fund G - Putnam Fund for Growth and Income - Funds are primarily invested
in common stocks.
Fund H - Putnam Asset Allocation Fund Balanced Portfolio - Funds are
invested in stocks, bonds and money market instruments.
The shares of stock in Fund F are qualified employer securities as defined by
ERISA. Each individual's investment in these funds is recorded in his or her
account on a per share basis. All other funds are tracked on a dollar value
basis with each fund's activity allocated to participants on a pro rata
basis. Therefore the plan does not record activity on a unit value basis.
The Plan provides that each participant may voluntarily make contributions
through a salary reduction agreement for whatever whole percentage a
participant chooses, up to a maximum of 16%, subject to maximum contributions
imposed by the Internal Revenue Code under Section 401(k).
Individual accounts which record the participants' contributions, the
earnings on all contributions and the amount of the participant's interest in
each fund are maintained for each participant. The participants'
contributions during a month are allocated directly to their individual
account when contributions are received by the Trustee. Participants have
the option to invest their contributions in any of the funds and may change
their allocation between funds at any time.
Employer matching contributions equal 100% of participant contributions, up
to the first 3% of compensation. In addition, each payroll period, the
Company contributes .5% of the payroll period compensation for each of its
employees who is a participant in the Plan. During 1998, the Plan was
amended to include a profit sharing contribution based on Company
performance. In 1998, an additional .5% of employee compensation was
contributed under the profit sharing terms. All employer contributions will
be invested initially in Fund F. All employer contributions invested in this
Fund must remain for five years, while an active participant, after which
time the participant may elect to transfer the amounts to any of the other
funds or retain the amounts in this Fund. If the participant terminates
service with the Company, he or she may elect to transfer the amounts in Fund
F to any other funds or retain the amounts in this Fund.
Each Plan year, the Company, at its discretion, may contribute additional
amounts to participants.
Vesting
Participants are immediately 100% vested in their individual account and all
employer matching contributions and earnings thereon.
<PAGE>
Page 8
Payment of Benefits
Payment of benefits generally begins upon termination of service and
attaining normal retirement age (65). A participant may elect to receive
either a lump-sum amount equal to the value of his or her vested account
balance, or a participant may elect to receive installments over a period not
to exceed 20 years. However, a participant who has reached age 59 1/2, but
who has not yet terminated employment may withdraw all or a portion of his or
her accumulated account balance in accordance with the terms of the Plan.
If upon termination of service, a participant does not attain normal
retirement age and his or her vested account balance is greater than $5,000
and $3,500 at December 31, 1998 and 1997, respectively, he or she may elect
to receive a lump-sum amount, a direct rollover to a qualified plan under
Section 401 of the Internal Revenue Code, or a direct rollover to a qualified
Individual Retirement Account equal to the value of his or her vested account
balance. If the vested account balance is less than $5,000 and $3,500 at
December 31, 1998 and 1997, respectively, the balance must be cashed out as
soon as administratively practicable.
Individual Participant Loans
Participant loans cannot exceed the lesser of 50% of the vested amounts in
the participant's account or $50,000. A participant may only have two loans
outstanding, and they are treated as directed investments by the borrower
with respect to his or her account. The interest rate on loans is
established based on the prime rate, under current Plan provisions. Interest
paid on the loan is credited to the borrower's account and the participant
does not share in the income of the Plan's assets with respect to the amounts
outstanding. Loans have a term of no more than five years except that a loan
may be granted for a period not to exceed 25 years if the proceeds are used
to purchase the participant's principal residence. During the Plan year
ended December 31, 1998, $3,254,611 in loans were disbursed and principal
repayments of $2,471,288 were made.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right
under the Plan to discontinue its contributions at any time and to terminate
the Plan subject to the provisions of ERISA. In the event of Plan
termination, participants will become 100% vested in their accounts.
2. Summary of Significant Accounting Policies
The financial statements have been prepared on the accrual basis of
accounting.
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 year end and the reported investment
income and expenses during the Plan year. Actual results could differ from
those estimates.
<PAGE>
Page 9
Contributions and Benefits Paid
Contributions are recorded by the Plan when withheld from employees and
accrued by the Company. Benefits are recorded when paid.
Participants may receive distributions in cash or in common stock of Frontier
Corporation for amounts invested in Fund F. Purchases and sales of
securities are recorded on the trade date.
Administrative Expenses
Significant expenses associated with the Plan are paid by the Company.
Valuation of Investment Assets
Investments in registered investment companies and employer securities are
stated at fair value, measured by quoted market prices. Investments in
common trust funds are stated at estimated fair values which represent the
net asset value of shares held by the Plan at year end. Adjustments for
unrealized appreciation or depreciation of such values are included in the
operating results of the Plan.
3. Party-in-Interest Transactions
The Plan's holdings of Frontier Corporation common stock, the Putnam
Investment, Inc. common trust and the five Putnam Investment, Inc. registered
investment company funds are party-in-interest investments.
As of December 31, 1998 and 1997, the Plan held 2,328,998 and 2,355,452
shares of Frontier Corporation common stock at a fair market value of
$79,185,985 and $56,678,052, respectively. Of these shares, 233,816 were
contributed by the Company during the Plan year ended December 31, 1998 for
all of the Company's contribution categories. During the Plan year ended
December 31, 1998, 131,205 shares of Frontier Corporation common stock were
distributed to participants.
4. Federal Income Tax Status
The Plan Administrator has received a favorable determination letter from the
Internal Revenue Service covering the Plan, as amended, stating that the
Plan, as designed, is a qualified plan in accordance with Section 401(a) of
the Internal Revenue Code, and its corresponding trust is exempt from
taxation under Section 501(a) of the Code. The Plan Administrator believes
the Plan is being operated as designed and, therefore, maintains its tax-
qualified status.
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan
Line 27a - Schedule of Assets Held for Investment Purposes Schedule I
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Current
Number value at
of December 31,
Description/Issuer shares Cost 1998
<S> <C> <C> <C>
Interests in Registered Investment Companies:
* Putnam Income Fund 1,864,039 $ 12,897,243 $ 12,899,159
* Putnam Global Growth Fund 1,886,061 19,717,309 23,481,464
* Putnam Voyager Fund 2,408,017 39,140,870 52,783,761
* Putnam Fund for Growth and Income 151,588 3,141,957 3,106,035
* Putnam Asset Allocation Fund Balanced Portfolio 98,174 1,168,200 1,179,075
------------- -------------
Total interests in registered investment companies 76,065,579 93,449,494
------------- -------------
Common Trust:
* Putnam S & P 500 Index Fund 1,309,710 21,403,594 37,889,923
------------- -------------
Common Stock:
* Frontier Corporation 2,328,998 57,216,356 79,185,985
------------- -------------
Participant Loans:
Participant loan accounts (rate 6.0% - 11.0%)
(maturities range 1999 to 2023) 7,314,405 7,314,405
------------- -------------
Insurance Company Pooled Separate Account:
Stable Value Fund 39,410,558 39,410,558
------------- -------------
Total investments $ 201,410,492 $ 257,250,365
------------- -------------
</TABLE>
* Denotes party-in interest
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 1 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Courtiss, Steven P.
35 Audubon Road, Apt. 51
Weymouth, MA 02188 $ 2,800.00 $ - $ -- $ 2,787.02 Participant loan $ 2,787.02 N/A
Katchpole, David
13 Hill House, 4 Edgel
London, England SW46ET $ 1,000.00 $ - $ -- $ 1,000.00 Participant loan $ 1,000.00 N/A
Mahan, J. W.
30 Kirkby Trail
Fairport, NY 14450 $ 3,725.00 $ - $ -- $ 3,513.52 Participant loan $ 3,513.52 N/A
Randall, Michelle
1549 Roslyn Street
Denver, CO 80020 $ 1,200.00 $ - $ -- $ 1,175.64 Participant loan $ 1,175.64 N/A
Coffey, Linda S.
41 Morse Street
Dansville, NY 14437 $ 3,800.00 $ - $ -- $ 3,800.00 Participant loan $ 3,800.00 N/A
Derider, Robert L.
64 Toni Terrace
Rochester, NY 14624 $ 12,300.00 $ - $ -- $ 5,034.03 Participant loan $ 5,034.03 N/A
Derider, Robert L.
64 Toni Terrace
Rochester, NY 14624 $ 5,600.00 $ - $ -- $ 4,083.36 Participant loan $ 4,083.36 N/A
Shannon, Christopher J.
18 Diana Drive
Scottsville, NY 14546 $ 8,332.00 $ - $ -- $ 6,736.31 Participant loan $ 6,736.31 N/A
DiCiaccio, Rhonda
363 Fisher Road
Rochester, NY 14624 $ 450.00 $ - $ -- $ 14.83 Participant loan $ 14.83 N/A
Bloom, Jeffery R.
809 South Avenue
Rochester, NY 14620 $ 3,700.00 $ - $ -- $ 3,700.00 Participant loan $ 3,700.00 N/A
Schwehm, Susan W.
163 South Main Street
Apt. #1, Unit 1
Fairport, NY 14450 $ 4,500.00 $ - $ -- $ 2,154.88 Participant loan $ 2,154.88 N/A
Schwehm, Susan W.
163 South Main Street
Apt. #1, Unit 1
Fairport, NY 14450 $ 8,000.00 $ - $ -- $ 5,710.77 Participant loan $ 5,710.77 N/A
Lederman, D.
329 Clarewood Circle
Grayslake, IL 60030 $ 6,109.40 $ - $ -- $ 5,885.83 Participant loan $ 5,885.83 N/A
Wallace, K.
78 Fenton Road
Rochester, NY 14624 $ 9,165.20 $ - $ -- $ 2,520.56 Participant loan $ 2,520.56 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 2 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Brown, Teresa W.
1180 Watson-Hulburt Road
Macedon, NY 14502 $ 6,249.60 $ - $ -- $ 204.44 Participant loan $ 204.44 N/A
Nachaczewski, Michael
RR1 Box 116
Castleton, VT 05735 $ 3,500.00 $ - $ -- $ 1,108.80 Participant loan $ 1,108.80 N/A
Nachaczewski, Michael
RR1 Box 116
Castleton, VT 05735 $ 4,500.00 $ - $ -- $ 3,368.80 Participant loan $ 3,368.80 N/A
Blanc, Steve W.
17 Kathryns Way
Sandown, NH 03873 $ 4,000.00 $ - $ -- $ 3,038.44 Participant loan $ 3,038.44 N/A
Strini, Thomas J.
54 Blue Spruce Lane
Ballston Lake, NY 12019 $ 10,325.00 $ - $ -- $ 4,582.49 Participant loan $ 4,582.49 N/A
Donals, Nancy E.
52 Laney Road
Rochester, NY 14620 $ 4,000.00 $ - $ -- $ 739.38 Participant loan $ 739.38 N/A
Hancy, Betty J.
339 Center Street
Caledonia, NY 14423 $ 2,100.00 $ - $ -- $ 2,100.00 Participant loan $ 2,100.00 N/A
Wyand, Marion K.
73 Valley Brook Drive
Fairport, NY 14450 $ 12,598.54 $ - $ -- $ 6,472.21 Participant loan $ 6,472.21 N/A
Wyand, Marion K.
73 Valley Brook Drive
Fairport, NY 14450 $ 14,597.69 $ - $ -- $ 14,438.03 Participant loan $ 14,438.03 N/A
Sullivan, Kevin E.
653 Manitou Road
Hilton, NY 14468 $ 3,100.00 $ - $ -- $ 1,839.88 Participant loan $ 1,839.88 N/A
Sullivan, Kevin E.
653 Manitou Road
Hilton, NY 14468 $ 1,100.00 $ - $ -- $ 783.34 Participant loan $ 783.34 N/A
Hanlon, Christopher J.
6 Allegheny Avenue
Coudersport, PA 16915 $ 3,852.87 $ - $ -- $ 3,809.93 Participant loan $ 3,809.93 N/A
Casey, J.
856 Palmer Road
Churchville, NY 14428 $ 12,254.53 $ - $ -- $ 1,373.14 Participant loan $ 1,373.14 N/A
Levante, Peter G.
8488 Chinkapin Circle
Cicero, NY 13039 $ 1,000.00 $ - $ -- $ 1,000.00 Participant loan $ 1,000.00 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 3 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Guzik, Thomas
19005 East Chenango Circle
Aurora, CO 80015 $ 1,273.45 $ - $ -- $ 1,128.82 Participant loan $ 1,128.82 N/A
McKnight, Emma
17 Colleen Way
Pittsford, NY 14534 $ 8,500.00 $ - $ -- $ 7,582.40 Participant loan $ 7,582.40 N/A
Liebel, John H.
40 Buckwheat Drive
Fairport, NY 14450 $ 7,000.00 $ - $ -- $ 7,000.00 Participant loan $ 7,000.00 N/A
Cromwell, Kathryn L.
75 West Church Street
Fairport, NY 14450 $ 450.00 $ - $ -- $ 87.78 Participant loan $ 87.78 N/A
Accorso, R. E.
6033 Pittsford-Palmyra Road
Fairport, NY 14450 $ 4,999.92 $ - $ -- $ 2,198.81 Participant loan $ 2,198.81 N/A
Nageldinger, Robert
5049 Ridge Chapel Road
Marion, NY 14505 $ 2,200.00 $ - $ -- $ 51.69 Participant loan $ 51.69 N/A
Travis, S.
6300 Sparta-Conesus TL Road
Conesus, NY 14435 $ 8,342.88 $ - $ -- $ 8,342.88 Participant loan $ 8,342.88 N/A
Tanner, T. S.
1241 Winton Road South
Rochester, NY 14618 $ 9,161.68 $ - $ -- $ 3,207.08 Participant loan $ 3,207.08 N/A
Lazarek, Daniel G.
4695 North Church Lane
Apt. 920
Smyrna, GA 30080 $ 12,632.22 $ - $ -- $ 4,269.76 Participant loan $ 4,269.76 N/A
Fontana, Sharon A.
20 Pine Creek Lane
Rochester, NY 14626 $ 15,000.00 $ - $ -- $ 14,714.19 Participant loan $ 14,714.19 N/A
Heveron, Patrick
33 Helmsford Way
Penfield, NY 14526 $ 7,909.14 $ - $ -- $ 1,827.94 Participant loan $ 1,827.94 N/A
Heveron, Patrick
33 Helmsford Way
Penfield, NY 14526 $ 13,000.00 $ - $ -- $ 13,000.00 Participant loan $ 13,000.00 N/A
Ophardt, Andrew P.
PO Box 17166
Rochester, NY 14617 $ 3,539.28 $ - $ -- $ 3,332.45 Participant loan $ 3,332.45 N/A
Temple, Amy L.
140 Marne Street
Rochester, NY 14609 $ 3,200.00 $ - $ -- $ 3,000.16 Participant loan $ 3,000.16 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 4 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Burke, Alan
565 Holt Road
Webster, NY 14580 $ 4,062.24 $ - $ -- $ 515.31 Participant loan $ 515.31 N/A
Burke, Alan
565 Holt Road
Webster, NY 14580 $ 3,000.00 $ - $ -- $ 66.77 Participant loan $ 66.77 N/A
Laurer, Karl J.
88 Dunning Avenue
Webster, NY 14580 $ 11,629.11 $ - $ -- $ 4,960.87 Participant loan $ 4,960.87 N/A
Laurer, Karl J.
88 Dunning Avenue
Webster, NY 14580 $ 455.52 $ - $ -- $ 302.53 Participant loan $ 302.53 N/A
Gulati, D. K.
51 Rocking Horse Way
Holland, PA 18966 $ 48,670.04 $ - $ -- $ 43,920.61 Participant loan $ 43,920.61 N/A
Sorrentino, Timothy J.
PO Box 464
Clifton Park, NY 12065 $ 4,000.00 $ - $ -- $ 1,587.18 Participant loan $ 1,587.18 N/A
Markoulis, Renee A.
211 Impala Drive
Rochester, NY 14609 $ 1,500.00 $ - $ -- $ 1,500.00 Participant loan $ 1,500.00 N/A
Graham-Wadeikis, Bethany
2942 Kittering Road
Macedon, NY 14502 $ 1,382.08 $ - $ -- $ 80.21 Participant loan $ 80.21 N/A
Sullivan, Susan M.
142 Castlebar Road
Rochester, NY 14610 $ 5,249.70 $ - $ -- $ 2,709.85 Participant loan $ 2,709.85 N/A
Sullivan, Susan M.
142 Castlebar Road
Rochester, NY 14610 $ 24,500.00 $ - $ -- $ 24,500.00 Participant loan $ 24,500.00 N/A
Osterman, Barbara K.
17 Barrington Hills
Pittsford, NY 14534 $ 25,520.88 $ - $ -- $ 23,114.84 Participant loan $ 23,114.84 N/A
Teumer, C. R.
1726 Jackson Road
Penfield, NY 14526 $ 20,928.16 $ - $ -- $ 20,928.16 Participant loan $ 20,928.16 N/A
Robinson, Marcia M.
5625 Laurel Oak Drive
Suwanee, GA 30024 $ 8,000.00 $ - $ -- $ 5,816.91 Participant loan $ 5,816.91 N/A
Yawman, Philip H.
362 Hartsville Lane
Webster, NY 14580 $ 5,060.04 $ - $ -- $ 4,753.31 Participant loan $ 4,753.31 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 5 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Gaglione J.
753 Raymond Drive
Lewiston, NY 14092 $ 15,000.00 $ - $ -- $ 7,651.20 Participant loan $ 7,651.20 N/A
Hughes, Elizabeth A.
67 Rahway Lane
Rochester, NY 14606 $ 6,323.20 $ - $ -- $ 5,293.10 Participant loan $ 5,293.10 N/A
Putnam, David W. Jr.
19 Old Brook Trail
Honeoye Falls, NY 14472 $ 14,580.61 $ - $ -- $ 11,250.80 Participant loan $ 11,250.80 N/A
Putnam, David W. Jr.
19 Old Brook Trail
Honeoye Falls, NY 14472 $ 8,000.00 $ - $ -- $ 7,838.57 Participant loan $ 7,838.57 N/A
Nielsen, Robert A.
16 Lynnbrook Road
Lynnfield, MA 01940 $ 4,129.88 $ - $ -- $ 1,140.28 Participant loan $ 1,140.28 N/A
Barrett, Jerrienne M.
1502 Bristol Parkway
Alpharetta, GA 30022 $ 6,815.00 $ - $ -- $ 3,253.71 Participant loan $ 3,253.71 N/A
Mendes, M.
35641 Dunthorpe Lane
Purcellville, VA 22132 $ 36,801.00 $ - $ -- $ 17,828.28 Participant loan $ 17,828.28 N/A
Hvisdas, James M.
269 Randon Terrace
Lake Mary, FL 32746 $ 5,000.00 $ - $ -- $ 3,614.00 Participant loan $ 3,614.00 N/A
Anderson, Bonita W.
1 Bedford Court
Fredericksburg, VA 22406 $ 2,410.00 $ - $ -- $ 2,388.88 Participant loan $ 2,388.88 N/A
Baker, James H.
793 Everist Drive
Aberdeen, MD 21001 $ 13,243.14 $ - $ -- $ 13,243.14 Participant loan $ 13,243.14 N/A
Larson, Robert C.
13150 North 81st Avenue
Peoria, AZ 85381 $ 2,800.00 $ - $ -- $ 2,800.00 Participant loan $ 2,800.00 N/A
Armstrong, Lawrence W.
33 Scotts Lane
Frisco City, AL 36445 $ 3,000.00 $ - $ -- $ 3,000.00 Participant loan $ 3,000.00 N/A
Campbell, Robert L.
PO Box 61
Dayton, OH 45402 $ 14,677.92 $ - $ -- $ 14,310.05 Participant loan $ 14,310.05 N/A
Sniderhan, Tracie L.
1990 Humphrey
Birmingham, MI 48009 $ 1,440.70 $ - $ -- $ 698.84 Participant loan $ 698.84 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 6 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Kasler, D. Todd
817 Bradberry Lane
Mathews, NC 28105 $ 3,100.00 $ - $ -- $ 2,660.75 Participant loan $ 2,660.75 N/A
Shahabi, Omeed
4424 Ellsworth Drive
Edina, MN 55435 $ 4,850.02 $ - $ -- $ 4,850.02 Participant loan $ 4,850.02 N/A
Brosamer, Janet L.
1402 1500th Street
Lincoln, IL 62656 $ 4,000.00 $ - $ -- $ 4,000.00 Participant loan $ 4,000.00 N/A
Krass, Marian L.
1101 Highland Grove Drive
Buffalo Grove, IL 60089 $ 1,494.80 $ - $ -- $ 1,046.72 Participant loan $ 1,046.72 N/A
Miller, Steven
931 West Argyle Street #2
Chicago, IL 60640 $ 1,358.34 $ - $ -- $ 1,358.34 Participant loan $ 1,358.34 N/A
Cleland, Cynthia J.
Box 288, RR #1
Tuscola, IL 61953 $ 4,000.00 $ - $ -- $ 4,000.00 Participant loan $ 4,000.00 N/A
Rosteck, Debra S.
8470 Pine Cove Drive
Commerce Twp, MI 48382 $ 7,000.00 $ - $ -- $ 7,000.00 Participant loan $ 7,000.00 N/A
Glowzinski, Patrick J.
10259 Cedar Island Road
White Lake, MI 48386 $ 5,545.99 $ - $ -- $ 5,545.99 Participant loan $ 5,545.99 N/A
Wagner, Larry G.
312 Balsam
Diamondale, MI 48821 $ 2,727.82 $ - $ -- $ 134.33 Participant loan $ 134.33 N/A
Loza, Lex T.
7243 Arcola
Waterford, MI 48329 $ 1,850.00 $ - $ -- $ 1,850.00 Participant loan $ 1,850.00 N/A
Carter, Cinthia A.
22275 Maplewood Drive
Southfield, MI 48034 $ 10,500.00 $ - $ -- $ 10,500.00 Participant loan $ 10,500.00 N/A
Burck, David M.
7232 Thomas Avenue South
Richfield, MN 55423 $ 650.00 $ - $ -- $ 650.00 Participant loan $ 650.00 N/A
Smith, Charlemae M.
PO Box 19637
Detroit, MI 48219 $ 2,800.00 $ - $ -- $ 2,800.00 Participant loan $ 2,800.00 N/A
Posey, Deborah
7712 Summerdale Circle
Ypsilanti, MI 48197 $ 15,000.00 $ - $ -- $ 14,131.32 Participant loan $ 14,131.32 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 7 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Posey, Deborah
7712 Summerdale Circle
Ypsilanti, MI 48197 $ 4,000.00 $ - $ -- $ 3,936.56 Participant loan $ 3,936.56 N/A
Hollenback, Janet M.
2353 Curdy Road
Howell, MI 48843 $ 2,000.00 $ - $ -- $ 2,000.00 Participant loan $ 2,000.00 N/A
Scharp, Jo Ann
130 Wilbur Street
North Adams, MI 49262 $ 928.78 $ - $ -- $ 30.45 Participant loan $ 30.45 N/A
Jayasimha, Madhigubba G.
7693 Palmilla Drive, Apt. 2115
San Diego, CA 92122 $ 705.01 $ - $ -- $ 705.01 Participant loan $ 705.01 N/A
Keith, Cynthia
25528 Shiawassee, Apt. 282
Southfield, MI 48034 $ 2,000.00 $ - $ -- $ 1,806.70 Participant loan $ 1,806.70 N/A
Keith, Cynthia
25528 Shiawassee, Apt. 282
Southfield, MI 48034 $ 1,000.00 $ - $ -- $ 929.15 Participant loan $ 929.15 N/A
Carithers, Betty J.
20826 Botsford Drive
Farmington Hills, MI 48336 $ 952.48 $ - $ -- $ 384.18 Participant loan $ 384.18 N/A
Rudd, Regina
15739 Holmur
Detroit, MI 48238 $ 1,000.00 $ - $ -- $ 719.33 Participant loan $ 719.33 N/A
Dalrymple, Vicki
1237 Walnut
Dearborn, MI 48124 $ 1,075.80 $ - $ -- $ 972.49 Participant loan $ 972.49 N/A
Rosteck, Gary W.
8470 Pine Cove
Commerce Twp, MI 48382 $ 11,000.00 $ - $ -- $ 11,000.00 Participant loan $ 11,000.00 N/A
Fondaw, Ottavia P.
35259 Leon
Livonia, MI 48150 $ 6,000.00 $ - $ -- $ 6,000.00 Participant loan $ 6,000.00 N/A
Dorvinen, Cynthia K.
1605 East Cliff Road #122
Burnsville, MN 55337 $ 2,439.75 $ - $ -- $ 2,410.49 Participant loan $ 2,410.49 N/A
Tarver, Philip
120 Glynn, Apt. #60
Detroit, MI 48202 $ 1,995.20 $ - $ -- $ 1,995.20 Participant loan $ 1,995.20 N/A
Erickson, Sean E.
21095 Gary Drive, Apt. 309
Castro Valley, CA 94546 $ 2,800.00 $ - $ -- $ 2,565.61 Participant loan $ 2,565.61 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 8 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Erickson, Sean E.
21095 Gary Drive, Apt. 309
Castro Valley, CA 94546 $ 4,547.34 $ - $ -- $ 4,249.08 Participant loan $ 4,249.08 N/A
Hobson-Adams, Victoria
15894 Tacoma
Detroit, MI 48205 $ 2,985.00 $ - $ -- $ 2,766.90 Participant loan $ 2,766.90 N/A
Brown-Boston, Janie D.
6603 North 58th Street
Milwaukee, WI 53223 $ 2,100.00 $ - $ -- $ 2,100.00 Participant loan $ 2,100.00 N/A
Novak, Nancy
2623 Van Hise Avenue
Madison, WI 53705 $ 1,649.34 $ - $ -- $ 1,071.28 Participant loan $ 1,071.28 N/A
Novak, Nancy
2623 Van Hise Avenue
Madison, WI 53705 $ 2,455.11 $ - $ -- $ 2,110.54 Participant loan $ 2,110.54 N/A
Pociask, Susan M.
170 Hunters Lane
Rockford, MI 49341 $ 3,645.98 $ - $ -- $ 2,380.92 Participant loan $ 2,380.92 N/A
Pociask, Susan M.
170 Hunters Lane
Rockford, MI 49341 $ 4,967.80 $ - $ -- $ 3,487.23 Participant loan $ 3,487.23 N/A
Havlicek, Patricia A.
5117 Violet Lane
Madison WI 53714 $ 3,396.45 $ - $ -- $ 2,741.02 Participant loan $ 2,741.02 N/A
Greil, Daniel J.
705 Vermillion Street
Hastings, MN 55033 $ 4,426.81 $ - $ -- $ 52.49 Participant loan $ 52.49 N/A
Baier, Karen A.
3065 West Tanager Lane
Green Bay, WI 54313 $ 1,374.34 $ - $ -- $ 12.64 Participant loan $ 12.64 N/A
Hribernik, Scott J.
235 Brule Road
De Pere, WI 54115 $ 1,484.11 $ - $ -- $ 1,019.23 Participant loan $ 1,019.23 N/A
Perone, Regina M.
280 Joray Drive
Mankato, MN 56001 $ 2,244.40 $ - $ -- $ 1,129.01 Participant loan $ 1,129.01 N/A
Perone, Regina M.
280 Joray Drive
Mankato, MN 56001 $ 2,800.00 $ - $ -- $ 2,518.91 Participant loan $ 2,518.91 N/A
Turner, Russell W.
PO Box 662
Excel, AL 36439 $ 5,000.00 $ - $ -- $ 5,000.00 Participant loan $ 5,000.00 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 9 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Ikner, Brenda G.
224 Harvest Lane
Monroeville, AL 36460 $ 4,463.00 $ - $ -- $ 4,463.00 Participant loan $ 4,463.00 N/A
Weekly, Karen
1033 North Jefferson
Medina, OH 44256 $ 4,400.00 $ - $ -- $ 4,400.00 Participant loan $ 4,400.00 N/A
Phillips, Roger W.
202 Sterrett Street
Camden, AL 36726 $ 4,500.00 $ - $ -- $ 4,500.00 Participant loan $ 4,500.00 N/A
Daniel, Cereal C. Jr.
206 6th Avenue
Atmore, AL 36502 $ 10,000.00 $ - $ -- $ 10,000.00 Participant loan $ 10,000.00 N/A
Waters, Terry R.
PO Box 636
Excel, AL 36439 $ 4,500.00 $ - $ -- $ 4,500.00 Participant loan $ 4,500.00 N/A
Reeves, Beverly S.
PO Box 1280
Monroeville, AL 36461 $ 7,945.31 $ - $ -- $ 7,945.31 Participant loan $ 7,945.31 N/A
Fischer, Brenda K.
6934 Polaris Lane
Maple Grove, MN 55311 $ 1,936.29 $ - $ -- $ 1,383.41 Participant loan $ 1,383.41 N/A
Eldred, Joy M.
813 10th Street
Farmington, MN 55024 $ 1,605.17 $ - $ -- $ 63.40 Participant loan $ 63.40 N/A
Israel, Janet A.
5721 Maves Trail S.E.
Prior Lake, MN 55372 $ 11,119.70 $ - $ -- $ 4,304.40 Participant loan $ 4,304.40 N/A
Schliep, Elizabeth I.
3450 Crystal Circle NW
Prior Lake, MN 55372 $ 3,549.60 $ - $ -- $ 3,549.60 Participant loan $ 3,549.60 N/A
Johnson, Wendy
2011 19th Avenue NE
Minneapolis, MN 55418 $ 2,191.86 $ - $ -- $ 889.60 Participant loan $ 889.60 N/A
Janisch, Rebecca E.
13928 Drommond Trail
Apple Valley, MN 55124 $ 4,764.68 $ - $ -- $ 1,476.84 Participant loan $ 1,476.84 N/A
Barnett, Viola P.
10205 Bagley
Northfield, MN 55057 $ 13,875.72 $ - $ -- $ 4,760.78 Participant loan $ 4,760.78 N/A
Barnett, Viola P.
10205 Bagley
Northfield, MN 55057 $ 9,646.56 $ - $ -- $ 1,753.92 Participant loan $ 1,753.92 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 10 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Rademacher, Jean A.
705 Spruce Street
Farmington, MN 55024 $ 4,070.00 $ - $ -- $ 4,070.00 Participant loan $ 4,070.00 N/A
Leahy, Joseph L.
304 South Linden Place
Northfield, MN 55057 $ 3,000.00 $ - $ -- $ 2,383.32 Participant loan $ 2,383.32 N/A
Patterson, David
7491 Hidden Valley Court
Cottage Grove, MN 55016 $ 5,678.27 $ - $ -- $ 5,678.27 Participant loan $ 5,678.27 N/A
Herreid, Betty J.
1106 Sunset Road
Worthington, MN 56187 $ 8,157.24 $ - $ -- $ 8,112.16 Participant loan $ 8,112.16 N/A
Israel, Jack L.
5721 Maves Trail SE
Prior Lake, MN 55372 $ 12,864.98 $ - $ -- $ 12,864.98 Participant loan $ 12,864.98 N/A
Antonovich, Stacy A.
3930 East 8th #206C
Casper, WY 82609 $ 1,095.62 $ - $ -- $ 1,095.62 Participant loan $ 1,095.62 N/A
Scanlon, Angela
1383 County Road 8
Shortsville, NY 14548 $ 3,800.00 $ - $ -- $ 3,800.00 Participant loan $ 3,800.00 N/A
Lynch, Gregory A.
PO Box 190
Milliken, CO 80543 $ 2,500.00 $ - $ -- $ 2,500.00 Participant loan $ 2,500.00 N/A
Guthrie, E.
274 Orchard Drive
Monroe, NY 10950 $ 14,714.09 $ - $ -- $ 14,368.32 Participant loan $ 14,368.32 N/A
Hamad, Aref K.
14655 East Asbury Avenue
Aurora, CO 80014 $ 2,300.00 $ - $ -- $ 2,289.89 Participant loan $ 2,289.89 N/A
Anderson, Scott D.
4445 East 123rd Avenue
Thornton, CO 80241 $ 900.00 $ - $ -- $ 900.00 Participant loan $ 900.00 N/A
Stuiber, Shannon C.
10837 Kennedy Creek Rd SW
Olympia, WA 98512 $ 1,706.10 $ - $ -- $ 1,028.22 Participant loan $ 1,028.22 N/A
Stuiber, Shannon C.
10837 Kennedy Creek Rd SW
Olympia, WA 98512 $ 3,158.26 $ - $ -- $ 3,158.26 Participant loan $ 3,158.26 N/A
Morris, Veronica
14249 Dobson Avenue
Dolton, IL 60419 $ 1,166.92 $ - $ -- $ 1,166.92 Participant loan $ 1,166.92 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan Schedule II
Line 27b - Schedule of Loans or Fixed Income Obligations Page 11 of 11
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Amount received during Unpaid
Original reporting year balance Amount overdue
Identity and amount --------------------- at end of Description --------------------
address of obligor of loan Principal Interest year of loan Principal Interest
<S> <C> <C> <C> <C> <C> <C> <C>
Diehl, William R.
336 Hemingway Lane
Roswell, GA 30075 $ 817.00 $ - $ -- $ 29.64 Participant loan $ 29.64 N/A
Diehl, William R.
336 Hemingway Lane
Roswell, GA 30075 $ 4,000.00 $ - $ -- $ 3,968.88 Participant loan $ 3,968.88 N/A
Pitman, James E.
3555 Bell Road
Auburn, CA 95603 $ 2,204.17 $ - $ -- $ 1,406.56 Participant loan $ 1,406.56 N/A
</TABLE>
<PAGE>
Frontier Corporation
Employees' Retirement Savings Plan
Line 27d - Schedule of Reportable Transactions
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Expense
Number incurred
Identity of Description of Purchase Selling Lease with
party involved of asset transactions price price rental transaction
<S> <C> <C> <C> <C> <C> <C>
Series of Transactions:
Putnam Voyager Fund* Registered Investments 302 $12,044,864 N/A N/A
Putnam Voyager Fund* Registered Investments 634 $ 9,450,131 N/A N/A
Stable Value Fund Insurance Company Pooled
Separate Account 474 14,511,618 N/A N/A
Stable Value Fund Insurance Company Pooled
Separate Account 566 11,564,844 N/A N/A
Frontier Corporation* Common Stock 313 17,297,074 N/A N/A
Frontier Corporation* Common Stock 743 18,764,399 N/A N/A
Putnam S & P 500 Index Fund* Common Trust 310 7,692,747 N/A N/A
Putnam S & P 500 Index Fund* Common Trust 562 5,995,487 N/A N/A
<CAPTION>
Current value
of asset on Net
Identity of Cost of transaction gain
party involved asset date (loss)
<S> <C> <C> <C>
Series of Transactions:
Putnam Voyager Fund* $12,044,864 $12,044,864
Putnam Voyager Fund* 7,456,156 9,450,131 $1,993,975
Stable Value Fund
14,511,618 14,511,618 -
Stable Value Fund
11,564,844 11,564,844 -
Frontier Corporation* 17,297,074 17,297,074 -
Frontier Corporation* 14,796,814 18,764,399 3,967,585
Putnam S & P 500 Index Fund* 7,692,747 7,692,747 -
Putnam S & P 500 Index Fund* 3,823,554 5,995,487 2,171,933
</TABLE>
* Denotes party-in-interest
<PAGE>
Exhibit 23
Consent of Independent Accountants
We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statement on Form S-8 (File No. 33-51885)
of Frontier Corporation of our report dated February 26, 1999 appearing on page
2 of this Form 11-K.
PricewaterhouseCoopers LLP
Rochester, New York
June 18, 1999
