<PAGE> 1
1999 ANNUAL REPORT
CENTENNIAL
CALIFORNIA
TAX EXEMPT
TRUST
<PAGE> 2
DEAR SHAREHOLDER:
In a year when the bond market was shaken by significant and far-reaching
events, such as the collapse of the Japanese economy and the forced rescue of a
major hedge fund, tax-exempt money market funds remained islands of stability.
October 1998 recorded historic lows for the yields on 30-year U.S. Treasuries.
However, even then, the primary concern for tax-exempt fund managers was not
loss, but the dwindling supply of tax-exempt issues in a robust U.S. economy.
With tax revenues at record highs and many municipalities posting a budget
surplus, the need to issue new notes was greatly reduced. Although many of these
municipalities have refinanced their old debt in order to take advantage of
lower interest rates, the supply remains far below the demand for these issues.
Our strategy for managing the Trust in such an environment was to maintain the
Trust's average maturities, which are between 30 to 60 days. As active managers,
we are always trying to find the balance between the optimal place for the
maturity as well as to meet liquidity demand.
For the fiscal year that ended June 30, 1999, the Centennial California Tax
Exempt Trust produced a compounded annual yield of 2.41%. Without compounding,
the corresponding yield was 2.38%. For investors in the 36% tax bracket this is
equivalent to a taxable yield of 3.77% with compounding, and 3.72% without. On
June 30, 1999, the seven-day annualized yields, with and without compounding,
were 2.36% and 2.34%, respectively. It is important to remember that an
investment in the Trust is neither insured nor guaranteed by the U.S. government
and there is no assurance the Trust will maintain a stable $1.00 share price.(1)
The Trust invests in the following types of tax-exempt municipal securities,
among others: variable-rate demand notes, primarily notes backed by commercial
banks that are payable on demand; put bonds that allow the Trust to redeem the
issues at specified intervals before maturity and receive full face value;
commercial paper, which includes short-term obligations with maturities ranging
from 2-270 days, issued by top-rated borrowers and backed by bank letters of
credit; and the general market notes, where we seek out individual tax-exempt
securities that meet our standards for quality, yield and maturity. We also buy
a number of insured issues. The insurance enables us to benefit from the
superior rates of a long-term bond combined with many of the desirable features
of a short-term bond.
The California economy has been doing well over the past two years, with
revenues once again up to par, due to a soaring economy and a spreading surplus.
1. Compounded yields assume reinvestment of dividends. Past performance is not
indicative of future results.
<PAGE> 3
The broad range of products available in California enables us to concentrate on
quality, yield and maturity needs. Some specific holdings during the period
were:
Los Angeles, CA Convention & Exhibition Center Authority, Refunding Certificates
of Participation
Modesto, CA Irrigation District Finance Authority Revenue Bonds
Oceanside, CA Multifamily Housing Revenue Refunding Bonds, Lakeridge Apartment
Project
Puerto Rico Commonwealth Tax & Revenue Anticipation Notes
Riverside County, CA Tax & Revenue Anticipation Notes
Looking to the future, we intend to continue in the same fashion, balancing
maturities while carefully monitoring market activity. On June 30, 1999, the
Federal Reserve raised short-term interest rates in an attempt to stem the rapid
growth of the U.S. economy. However, in our opinion, this move had already been
factored in by the market and should have minimal effect on near-term prices.
Although we continue to have some concern about the Y2K problem, the Federal
Reserve has indicated that at year-end, it will allow selected banks to borrow
at certain discount windows in order to guarantee liquidity. With U.S. financial
institutions thus prepared, it may be that only our connections with
international entities could create some disruption. In any case, we will
continue to invest conservatively, keeping in mind our shareholders' objectives
of safety and liquidity.
Sincerely,
/s/ JAMES C. SWAIN
James C. Swain
Chairman
Centennial California Tax Exempt Trust
/s/ BRIDGET A. MACASKILL
Bridget A. Macaskill
President
Centennial California Tax Exempt Trust
July 22, 1999
2
<PAGE> 4
STATEMENT OF INVESTMENTS June 30, 1999
Centennial California Tax Exempt Trust
<TABLE>
<CAPTION>
Face Value
Amount See Note 1
----------- ------------
<S> <C> <C>
SHORT-TERM TAX-EXEMPT OBLIGATIONS--95.7%
CALIFORNIA--91.2%
Agoura Hills, CA MH RRB, Oakridge Apts. Project, 3.20%(1) ............................. $1,100,000 $ 1,100,000
CA GOB, Tendered Option Certificates, Series 1998A, MBIA Insured, 3.65%(1)(2) ......... 6,873,000 6,872,946
CA HFA RB, Series PT 220, 3.10%, 3/9/00(3) ............................................ 6,580,000 6,580,000
CA PCFAU RB, Chevron USA, Inc. Project, 3.10%, 5/15/00(3) ............................. 2,500,000 2,500,000
CA PCFAU SWD RB:
Santa Clara Valley Disposal Co., Series A, 3.35%(1).................................. 3,200,000 3,200,000
Western Waste Industries, Series A, 3.95%(1)......................................... 1,500,000 1,500,000
CA SCDAU COP, Series 24, FSA Insured, 3.52%(1)(2) ..................................... 7,000,000 7,000,000
CA SCDAU RB, 3.55%(1) ................................................................. 2,200,000 2,200,000
CA Statewide CDC IDV RB, Propak California Corp., Series B, 3.30%(1) .................. 700,000 700,000
CA University Board of Regents RB, 3%, 8/24/99(3) ..................................... 4,945,000 4,945,000
Freemont, CA MH RB, Treetops Apts., Series A, 3.75%(1) ................................ 4,000,000 4,000,000
Los Angeles Cnty., CA MTAU Sales Tax RB, AMBAC Insured, Series SG54, 3.62%(1) ......... 1,000,000 1,000,000
Los Angeles Cnty., CA Pension Obligation RB, Series B, AMBAC Insured, 3.25%(1) ........ 600,000 600,000
Los Angeles, CA Airport RB, Series SG61, 3.64%(1) ..................................... 6,000,000 6,000,000
Los Angeles, CA Convention & Exhibit Center Authority Refunding COP:
AMBAC Insured, 6.60%, 8/15/99........................................................ 4,020,000 4,038,367
Prerefunded, Series A, 7.375%, 8/15/99(3)............................................ 3,570,000 3,643,008
Series A, 7.30%, 8/15/99(3).......................................................... 1,000,000 1,020,341
Los Angeles, CA Wastewater System ABN AMRO Munitops Certificates,
Series 1998-25, 3.20%, 7/7/99(3) .................................................... 8,000,000 8,000,000
Modesto, CA Irrigation District FAU RB, Series SG66, 3.57%(1) ......................... 5,500,000 5,500,000
Oceanside, CA MH RRB, Lakeridge Apts. Project, 3.75%(1) ............................... 7,000,000 7,000,151
Orange Cnty., CA FAU Teeter Plan RB, Series C, AMBAC Insured, 6.15%, 11/1/99(3) ....... 1,800,000 1,818,258
Pittsburg, CA Mortgage Obligation RRB, Series A, 3.55%(1) ............................. 7,000,000 7,000,034
Riverside Cnty., CA TAN & RAN:
2.95%, 8/25/99(3).................................................................... 5,000,000 5,000,000
4.50%, 9/30/99....................................................................... 8,000,000 8,030,986
Sacramento Cnty., CA RB, Trust REG D, Series A28, 3.30%(1) ............................ 8,700,000 8,700,000
San Bernardino Cnty., CA TAN & RAN, 4.50%, 9/30/99 .................................... 4,000,000 4,015,295
San Bernardino Cnty., CA, MH RB, Somerset Apts., Series A, 3.60%(1) ................... 2,495,000 2,495,000
San Diego, CA ABN AMRO Munitops Certificates, Series 1998-10, 3.60%(1)(2) ............. 7,000,000 7,000,000
San Diego, CA MH RRB, Coral Point Apts. Project, Series A, 4%(1) ...................... 2,500,000 2,500,000
San Diego, CA TAN, Series A, 4.50%, 9/30/99 ........................................... 5,000,000 5,017,611
San Francisco, CA City & Cnty. International Airport RB, Series 88, 3.57%(1) .......... 1,700,000 1,700,000
San Mateo Cnty., CA Transit District RB, Series A, MBIA Insured, 4%, 6/1/00 ........... 5,085,000 5,126,929
</TABLE>
3
<PAGE> 5
STATEMENT OF INVESTMENTS June 30, 1999 (Continued)
Centennial California Tax Exempt Trust
<TABLE>
<CAPTION>
Face Value
Amount See Note 1
----------- ------------
<S> <C> <C>
CALIFORNIA (CONTINUED)
South Gate, CA PFAU TXAL Refunding Bonds, South Gate Redevelopment Project,
Subseries A-2, 7.375%, 9/1/99(3) .................................................... $2,000,000 $ 2,055,202
Southern CA PP Authority Transmission Project RB, Southern Transmission A,
4%, 7/1/99 .......................................................................... 2,000,000 2,000,000
Visalia, CA IDV RB, Akers West Assn., 3.30%(1) ........................................ 2,350,000 2,350,000
------------
142,209,128
------------
U.S. POSSESSIONS--4.5%
PR CMWLTH TAN & RAN, 3.50%, 7/30/99 .................................................... 7,000,000 7,003,927
------------
Total Investments, at Value ............................................................ 95.7% 149,213,055
------------
Other Assets Net of Liabilities ........................................................ 4.3 6,626,422
---------- ------------
Net Assets ............................................................................. 100.0% $155,839,477
========== ============
</TABLE>
<TABLE>
<CAPTION>
To simplify the listings of securities, abbreviations are used per the table below:
<S> <C>
CDC--Community Development Corp. PFAU--Public Finance Authority
CMWLTH--Commonwealth PP--Public Power
COP--Certificates of Participation RAN--Revenue Anticipation Nts.
FAU--Finance Authority RB--Revenue Bonds
GOB--General Obligation Bonds RRB--Revenue Refunding Bonds
HFA--Housing Finance Agency SCDAU--Statewide Communities Development Authority
IDV--Industrial Development SWD--Solid Waste Disposal
MH--Multifamily Housing TAN--Tax Anticipation Nts.
MTAU--Metropolitan Transportation Authority TXAL--Tax Allocation
PCFAU--Pollution Control Finance Authority
</TABLE>
1. Floating or variable rate obligation maturity in more than one year. The
interest rate, which is based on specific, or an index of, market interest
rates, is subject to change periodically and is the effective rate on June 30,
1999. This instrument may also have a demand feature which allows, on up to 30
days' notice, the recovery of principal at any time, or at specified intervals
not exceeding one year.
2. Represents securities sold under Rule 144A, which are exempt from
registration under the Securities Act of 1933, as amended. These securities have
been determined to be liquid under guidelines established by the Board of
Trustees. These securities amount to $20,872,946 or 13.39% of the Trust's net
assets as of June 30, 1999.
3. Put obligation redeemable at full face value on the date reported.
See accompanying Notes to Financial Statements.
4
<PAGE> 6
STATEMENT OF ASSETS AND LIABILITIES June 30, 1999
Centennial California Tax Exempt Trust
<TABLE>
<CAPTION>
ASSETS
<S> <C>
Investments, at value--see accompanying statement..................................................... $149,213,055
Cash.................................................................................................. 374,493
Receivables and other assets:
Shares of beneficial interest sold................................................................. 5,476,288
Interest........................................................................................... 2,221,644
Other.............................................................................................. 5,737
------------
Total assets..................................................................................... 157,291,217
------------
LIABILITIES
Payables and other liabilities:
Shares of beneficial interest redeemed ........................................................... 1,191,508
Dividends ........................................................................................ 122,533
Service plan fees ................................................................................ 82,961
Shareholder reports .............................................................................. 34,474
Transfer and shareholder servicing agent fees..................................................... 7,896
Custodian fees ................................................................................... 1,453
Other ............................................................................................ 10,915
------------
Total liabilities .............................................................................. 1,451,740
------------
NET ASSETS ........................................................................................... $155,839,477
============
COMPOSITION OF NET ASSETS
Paid-in capital ...................................................................................... $155,871,989
Accumulated net realized loss on investment transactions ............................................. (32,512)
------------
NET ASSETS--applicable to 155,871,989 shares of beneficial interest outstanding ...................... $155,839,477
============
NET ASSET VALUE, REDEMPTION PRICE AND OFFERING PRICE PER SHARE ....................................... $1.00
</TABLE>
See accompanying Notes to Financial Statements.
5
<PAGE> 7
STATEMENT OF OPERATIONS For the Year Ended June 30, 1999
Centennial California Tax Exempt Trust
<TABLE>
<S> <C>
INVESTMENT INCOME--Interest .......................................................................... $ 5,322,258
-----------
EXPENSES
Management fees--Note 3 .............................................................................. 841,379
Service plan fees--Note 3 ............................................................................ 336,555
Transfer and shareholder servicing agent fees--Note 3 ................................................ 69,808
Custodian fees and expenses .......................................................................... 39,372
Shareholder reports .................................................................................. 28,482
Legal, auditing and other professional fees .......................................................... 12,131
Trustees' compensation ............................................................................... 2,400
Registration and filing fees ......................................................................... 2,057
Other ................................................................................................ 9,445
-----------
Total expenses .................................................................................... 1,341,629
Less expenses paid indirectly--Note 1 ........................................................... (13,211)
Less reimbursement of expenses by Centennial Asset Management Corporation--Note 3................ (16,867)
-----------
Net expenses ...................................................................................... 1,311,551
-----------
NET INVESTMENT INCOME ................................................................................ 4,010,707
-----------
NETREALIZED LOSS ON INVESTMENTS ...................................................................... (9,637)
-----------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS ................................................. $ 4,001,070
===========
</TABLE>
- --------------------------------------------------------------------------------
STATEMENTS OF CHANGES IN NET ASSETS
<TABLE>
<CAPTION>
Year Ended June 30,
--------------------------------------
1999 1998
------------- -----------
OPERATIONS
<S> <C> <C>
Net investment income .......................................................... $ 4,010,707 $ 4,512,553
Net realized loss .............................................................. (9,637) (19,307)
------------ ------------
Net increase in net assets resulting from operations ........................... 4,001,070 4,493,246
------------ ------------
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS .................................... (4,010,707) (4,512,553)
------------ ------------
BENEFICIAL INTEREST TRANSACTIONS
Net increase in net assets resulting from
beneficial interest transactions--Note 2 .................................... 17,181 23,912,099
------------ ------------
NET ASSETS
Total increase ................................................................. 7,544 23,892,792
Beginning of period ............................................................ 155,831,933 131,939,141
------------ ------------
End of period .................................................................. $155,839,477 $155,831,933
============ ============
</TABLE>
See accompanying Notes to Financial Statements.
6
<PAGE> 8
FINANCIAL HIGHLIGHTS
Centennial California Tax Exempt Trust
<TABLE>
<CAPTION>
Year Ended June 30,
-------------------------------------------------------
1999 1998 1997 1996 1995
---- ---- ---- ---- ----
PER SHARE OPERATING DATA
<S> <C> <C> <C> <C> <C>
Net asset value, beginning of period................. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Income from investment operations--
net investment income and
net realized gain.................................. 02 .03 .03 .03 .03
Dividends and distributions to shareholders.......... (.02) (.03) (.03) (.03) (.03)
-------- -------- -------- -------- -------
Net asset value, end of period....................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
======== ======== ======== ======== =======
TOTAL RETURN(1)...................................... 2.41% 2.86% 2.81% 2.97% 3.00%
RATIOS/SUPPLEMENTAL DATA
Net assets, end of period (in thousands)............. $155,839 $155,832 $131,939 $118,838 $92,318
Average net assets (in thousands).................... $168,272 $160,317 $129,087 $112,911 $71,278
Ratios to average net assets:(2)
Net investment income ............................... 2.38% 2.81% 2.78% 2.94% 2.99%
Expenses, before voluntary assumption
by the Manager(3)................................. 0.80% 0.80% 0.82% 0.80% 0.83%
Expenses, net of voluntary assumption
by the Manager.................................... 0.78% 0.79% 0.80% 0.79% 0.80%
</TABLE>
1. Assumes a $1,000 hypothetical initial investment on the business day before
the first day of the fiscal period, with all dividends reinvested in additional
shares on the reinvestment date, and redemption at the net asset value
calculated on the last business day of the fiscal period. Total returns reflect
changes in net investment income only. Total returns are not annualized for
periods of less than one full year.
2. Annualized for periods less than one full year.
3. The expense ratio reflects the effect of gross expenses paid indirectly by
the Trust.
See accompanying Notes to Financial Statements.
7
<PAGE> 9
NOTES TO FINANCIAL STATEMENTS
Centennial California Tax Exempt Trust
1. SIGNIFICANT ACCOUNTING POLICIES
Centennial California Tax Exempt Trust (the Trust) is registered under the
Investment Company Act of 1940, as amended, as a non-diversified, open-end
management investment company. The Trust's investment objective is to seek the
maximum current interest income exempt from Federal and California personal
income taxes for individual investors as is consistent with preservation of
capital. The Trust's investment advisor is Centennial Asset Management
Corporation (the Manager), a subsidiary of OppenheimerFunds, Inc. (OFI). The
following is a summary of significant accounting policies consistently followed
by the Trust.
Securities Valuation. Portfolio securities are valued on the basis of amortized
cost, which approximates market value.
Federal Taxes. The Trust intends to continue to comply with provisions of the
Internal Revenue Code applicable to regulated investment companies and to
distribute all of its taxable income, to shareholders. Therefore, no federal
income or excise tax provision is required. As of June 30, 1999, the Trust had
available for federal income tax purposes, an unused capital loss carryover of
approximately $24,000, which expires between 2006 and 2007.
Distributions to Shareholders. Distributions to shareholders, which are
determined in accordance with income tax regulations, are recorded on the
ex-dividend date.
Expense Offset Arrangements. Expenses paid indirectly represent a reduction of
custodian fees for earnings on cash balances maintained by the Trust.
Other. Investment transactions are accounted for as of trade date. Realized
gains and losses on investments are determined on an identified cost basis,
which is the same basis used for federal income tax purposes.
There are certain risks arising from geographic concentration in any state.
Certain revenue or tax related event in a state may impair the ability of
certain issuers of municipal securities to pay principal and interest on their
obligations.
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 income and expenses during the reporting period. Actual
results could differ from those estimates.
8
<PAGE> 10
NOTES TO FINANCIAL STATEMENTS (Continued)
Centennial California Tax Exempt Trust
2. SHARES OF BENEFICIAL INTEREST
The Trust has authorized an unlimited number of no par value shares of
beneficial interest. Transactions in shares of beneficial interest were as
follows:
<TABLE>
<CAPTION>
Year Ended June 30, 1999 Year Ended June 30, 1998
------------------------------- -------------------------------
Shares Amount Shares Amount
------------ ------------- ------------ -------------
<S> <C> <C> <C> <C>
Sold.......................... 545,122,539 $ 545,122,539 587,035,412 $ 587,035,412
Dividends and distributions
reinvested................... 3,938,512 3,938,512 4,414,987 4,414,987
Redeemed...................... (549,043,870) (549,043,870) (567,538,300) (567,538,300)
------------ ------------- ------------ -------------
Net increase.................. 17,181 $ 17,181 23,912,099 $ 23,912,099
============ ============= ============ =============
</TABLE>
3. MANAGEMENT FEES AND OTHER TRANSACTIONS WITH AFFILIATES
Management fees paid to the Manager were in accordance with the investment
advisory agreement with the Trust which provides for a fee of 0.50% of the first
$250 million of net assets; 0.475% of the next $250 million of net assets; 0.45%
of the next $250 million of net assets; 0.425% of the next $250 million of net
assets and 0.40% of net assets in excess of $1 billion. The Manager has
voluntarily undertaken to assume Trust expenses in excess of 0.80% of average
annual net assets. The Trust's management fee for the year ended June 30, 1999
was 0.50% of average annual net assets.
Shareholder Services, Inc. (SSI), a subsidiary of OFI, is the transfer and
shareholder servicing agent for the Trust and for other registered investment
companies. SSI's total costs of providing such services are allocated ratably to
these companies.
Under an approved plan of distribution, the Trust may expend up to 0.20% of its
net assets annually to reimburse the Manager, as distributor, for costs incurred
in connection with the personal service and maintenance of accounts that hold
shares of the Trust, including amounts paid to brokers, dealers, banks and other
institutions.
9
<PAGE> 11
INDEPENDENT AUDITORS' REPORT
Centennial California Tax Exempt Trust
The Board of Trustees and Shareholders of Centennial California Tax Exempt
Trust:
We have audited the accompanying statement of assets and liabilities, including
the statement of investments, of Centennial California Tax Exempt Trust as of
June 30, 1999, the related statement of operations for the year then ended, the
statements of changes in net assets for the years ended June 30, 1999 and 1998
and the financial highlights for the period July 1, 1994 to June 30, 1999. These
financial statements and financial highlights are the responsibility of the
Trust's management. Our responsibility is to express an opinion on these
financial statements and financial highlights 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 and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. Our procedures included confirmation of securities owned as of June
30, 1999, by correspondence with the custodian and brokers; where replies were
not received from brokers, we performed other auditing procedures. 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 and financial highlights present
fairly, in all material respects, the financial position of Centennial
California Tax Exempt Trust as of June 30, 1999, the results of its operations,
the changes in its net assets, and the financial highlights for the respective
stated periods, in conformity with generally accepted accounting principles.
DELOITTE & TOUCHE LLP
Denver, Colorado
July 22, 1999
10
<PAGE> 12
FEDERAL INCOME TAX INFORMATION (Unaudited)
Centennial California Tax Exempt Trust
In early 2000 shareholders will receive information regarding all dividends and
distributions paid to them by the Trust during calendar year 1999. Regulations
of the U.S. Treasury Department require the Trust to report this information to
the Internal Revenue Service.
None of the dividends paid by the Trust during the fiscal year ended June 30,
1999 are eligible for the corporate dividend-received deduction. The dividends
were derived from interest on municipal bonds and are not subject to federal
income tax. To the extent a shareholder is subject to any state or local tax
laws, some or all of the dividends received may be taxable.
The foregoing information is presented to assist shareholders in reporting
distributions received from the Trust to the Internal Revenue Service. Because
of the complexity of the federal regulations which may affect your individual
tax return and the many variations in state and local tax regulations, we
recommend that you consult your tax advisor for specific guidance.
11
<PAGE> 13
CENTENNIAL CALIFORNIA TAX EXEMPT TRUST
Officers and Trustees
James C. Swain, Chairman and Chief Executive Officer
Bridget A. Macaskill, Trustee and President
Robert G. Avis, Trustee
William A. Baker, Trustee
George C. Bowen, Trustee
Jon S. Fossel, Trustee
Sam Freedman, Trustee
Raymond J. Kalinowski, Trustee
C. Howard Kast, Trustee
Robert M. Kirchner, Trustee
Ned M. Steel, Trustee
Michael J. Carbuto, Vice President
Andrew J. Donohue, Vice President and Secretary
Brian W. Wixted, Vice President and Treasurer
Robert G. Zack, Assistant Secretary
Robert J. Bishop, Assistant Treasurer
Scott T. Farrar, Assistant Treasurer
Investment Advisor and Distributor
Centennial Asset Management Corporation
Transfer and Shareholder Servicing Agent
Shareholder Services, Inc.
Custodian of Portfolio Securities
Citibank, N.A.
Independent Auditors
Deloitte & Touche LLP
Legal Counsel
Myer, Swanson, Adams & Wolf, P.C.
This is a copy of a report to shareholders of Centennial
California Tax Exempt Trust. This report must be preceded or
accompanied by a Prospectus of Centennial California Tax Exempt
Trust. For material information concerning the Trust, see the
Prospectus.
For shareholder servicing, call:
1-800-525-9310 (in U.S.)
303-768-3200 (outside U.S.)
Or write:
Shareholder Services, Inc.
P.O. Box 5143
Denver, CO 80217-5143
RA0180.001.0699 [RECYCLE LOGO] Printed on recycled paper
