<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c) and (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2
(Amendment No. _________________)(1)
XL CAPITAL LTD
------------------------------
(Name of Issuer)
CLASS A ORDINARY SHARES
------------------------------
(Title of Class of Securities)
983940909
------------------------------
(CUSIP Number)
OCTOBER 12, 2000
------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1 (b)
[X] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
or otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however, see the Notes).
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Schedule 13G Forms
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CUSIP NO. 983940909 13G Page 2 of 9 Pages
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD
(NONE)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
SINGAPORE
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NUMBER OF SHARES 5. SOLE VOTING POWER 0
BENEFICIALLY OWNED BY
EACH REPORTING PERSON ------------------------------------------------------
WITH
6. SHARED VOTING POWER 6,327,035
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7. SOLE DISPOSITIVE POWER 0
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8. SHARED DISPOSITIVE POWER 6,327,035
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,327,035
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES * [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.11%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE> 3
Schedule 13G Forms
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CUSIP NO. 983940909 13G Page 3 of 9 Pages
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
MINISTER FOR FINANCE, SINGAPORE
(NONE)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
SINGAPORE
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NUMBER OF SHARES 5. SOLE VOTING POWER 0
BENEFICIALLY OWNED BY
EACH REPORTING PERSON ------------------------------------------------------
WITH
6. SHARED VOTING POWER 5,006,402
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7. SOLE DISPOSITIVE POWER 0
------------------------------------------------------
8. SHARED DISPOSITIVE POWER 5,006,402
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,006,402
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES * [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.04%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE> 4
Schedule 13G Forms
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CUSIP NO. 983940909 13G Page 4 of 9 Pages
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
MONETARY AUTHORITY OF SINGAPORE
(NONE)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
SINGAPORE
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NUMBER OF SHARES 5. SOLE VOTING POWER 0
BENEFICIALLY OWNED BY
EACH REPORTING PERSON ------------------------------------------------------
WITH
6. SHARED VOTING POWER 976,733
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7. SOLE DISPOSITIVE POWER 0
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8. SHARED DISPOSITIVE POWER 976,733
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
976,733
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES * [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.79%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE> 5
Schedule 13G Forms
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CUSIP NO. 983940909 13G Page 5 of 9 Pages
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
BOARD OF COMMISSIONERS OF CURRENCY, SINGAPORE
(NONE)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
SINGAPORE
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NUMBER OF SHARES 5. SOLE VOTING POWER 0
BENEFICIALLY OWNED BY
EACH REPORTING PERSON ------------------------------------------------------
WITH
6. SHARED VOTING POWER 343,900
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7. SOLE DISPOSITIVE POWER 0
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8. SHARED DISPOSITIVE POWER 343,900
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,900
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES * [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.28%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE> 6
PAGE 6 OF 9
ITEM 1(A). NAME OF ISSUER
XL Capital Ltd
ITEM 1(B). ADDRESS OF ISSUERS' PRINCIPAL EXECUTIVE OFFICES
Cumberland House
1 Victoria Street
Hamilton, HM 11
Bermuda
ITEM 2(A). NAME OF PERSON FILING
I Government of Singapore Investment Corporation Pte Ltd
II Minister for Finance, Singapore
III Monetary Authority of Singapore
IV Board of Commissioners of Currency, Singapore
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE
I 250 North Bridge Road
#38-00 Raffles City Tower
Singapore 179101
II, III & IV c/o Government of Singapore Investment Corporation Pte Ltd
250 North Bridge Road
#38-00 Raffles City Tower
Singapore 179101
ITEM 2(C). CITIZENSHIP
I, II, III & IV Singapore
ITEM 2(D). TITLE OF CLASS OF SECURITIES
Class A Ordinary Shares
ITEM 2(E). CUSIP NUMBER
983940909
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-I (B) OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS A
N.A.
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(C), CHECK THIS BOX. [X]
<PAGE> 7
PAGE 7 OF 9
ITEM 4. OWNERSHIP
The aggregate number of securities and percentage of the class of
securities of the Issuer beneficially owned by each Reporting Person named in
Item 2(a), as well as the number of securities as to which such person is
deemed to have sole power to vote or to direct the vote, shared power to vote
or to direct the vote, sole power to dispose or to direct the disposition,
shared power to dispose or direct the disposition, is set forth in the
following table:
<TABLE>
<CAPTION>
Power to Vote Power to Dispose
--------------------- ---------------------
No of Securities
Person Beneficially Owned Sole(1) Shared(1) Sole(1) Shared(1)
------ ------------------ ------- --------- ------- ---------
<S> <C> <C> <C> <C> <C>
Government of Singapore Investment
Corporation Pte Ltd 6,327,035 0 6,327,035 0 6,327,035
Minister for Finance, Singapore 5,006,402 0 5,006,402 0 5,006,402
Monetary Authority of Singapore 976,733 0 976,733 0 976,733
Board of Commissioners of
Currency, Singapore 343,900 0 343,900 0 343,900
Total(2) (all Reporting Persons) 6,327,035 0 6,327,035 0 6,327,035
</TABLE>
(1) The Government of Singapore Investment Corporation Pte Ltd shares power
to vote and power to dispose of the 5,006,402 securities beneficially owned by
it with the Minister for Finance, Singapore, shares power to vote and dispose
of the 976,733 securities beneficially owned by it with the Monetary Authority
of Singapore, and shares power to vote and dispose of the 343,900 securities
owned by it with the Board of Commissioners of Currency, Singapore.
(2) The reporting persons disclaim membership in a group.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
N.A.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
N.A.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
N.A.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N.A.
<PAGE> 8
PAGE 8 OF 9
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N.A.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
MATERIAL TO BE FILED AS EXHIBITS
1. Power of Attorney by Minister for Finance, Singapore dated 5 March
1998
2. Power of Attorney by Monetary Authority of Singapore dated 6 March
1998
3. Power of Attorney by Board of Commissioners of Currency, Singapore
dated 5 March 1998
(incorporated by reference to Exhibit No. 1, 2 and 3 to Schedule 13G, dated
March 23, 1998 regarding SPDR Trust Series 1).
<PAGE> 9
PAGE 9 OF 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
October 18, 2000 Government of Singapore Investment
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Date Corporation Pte Ltd
by /s/ Ho Yuit Mun
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Ho Yuit Mun
Assistant Director
Minister for Finance, Singapore by
Government of Singapore Investment
Corporation Pte Ltd, its attorney-in-fact
by /s/ Ho Yuit Mun
----------------------------------------
Ho Yuit Mun
Assistant Director
Monetary Authority of Singapore by
Government of Singapore Investment
Corporation Pte Ltd, its attorney-in-fact
by /s/ Ho Yuit Mun
----------------------------------------
Ho Yuit Mun
Assistant Director
Board of Commissioners of Currency,
Singapore by Government of Singapore
Investment Corporation Pte Ltd, its
attorney-in-fact
by /s/ Ho Yuit Mun
----------------------------------------
Ho Yuit Mun
Assistant Director
