SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------
FORM 11-K
[ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________________ to
--------------------
Commission file number 1-13356
--------------------------------
A: Full title of the plan:
AMERIDATA TECHNOLOGIES, INC.
EMPLOYEES' SAVINGS PLAN
B: Name of issuer of the securities held pursuant to the plan
and the address of its principal executive office:
AMERIDATA TECHNOLOGIES, INC.
700 Canal Street
Stamford, Connecticut 06902
<PAGE>
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statement (Form
S-8 No. 33-77606) pertaining to the Employee Savings Plan of AmeriData
Technologies, Inc. of our report dated June 20, 1996, with respect to the
financial statements and schedules of the AmeriData Technologies, Inc. Employee
Savings Plan included in this Annual Report (Form 11-K) for the year ended
December 31, 1995.
/s/ ERNST & YOUNG LLP
Stamford Connecticut
June 26, 1996
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Financial Statements and
Supplemental Schedules
December 31, 1995 and 1994
Index
Financial Statements and Supplemental Schedules
Report of Independent Auditors..................................... F-1
Financial Statements
Statement of Assets Available for Benefits, with Fund Information
December 31, 1995............................................... F-2
Statement of Assets Available for Benefits, with Fund Information
December 31, 1994............................................... F-3
Statement of Changes in Assets Available for Benefits, with Fund
Information - December 31, 1995................................. F-4
Statement of Changes in Assets Available for Benefits, with Fund
Information - December 31, 1994................................. F-5
Notes to Financial Statements...................................... F-6
Supplemental Schedules
Schedule of Assets Held for Investment Purposes................... F-11
Schedule of Reportable Transactions................................ F-12
<PAGE>
Report of Independent Auditors
Plan Administrator
AmeriData Technologies, Inc.
Employee Savings Plan
We have audited the accompanying statements of assets available for benefits of
the AmeriData Technologies, Inc. Employee Savings Plan (the "Plan") as of
December 31, 1995 and 1994, and the related statements of changes in assets
available for benefits for the years then ended. These financial statements are
the responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the assets available for benefits of the Plan at December
31, 1995 and 1994, and the changes in its assets available for benefits for the
years then ended in conformity with generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The accompanying supplemental schedules
of assets held for investment purposes as of December 31, 1995, and reportable
transactions for the year then ended, are presented for purposes of complying
with the Department of Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of 1974, and are
not a required part of the basic financial statements. The fund information in
the statements of assets available for benefits and the statements of changes in
assets available for benefits is presented for purposes of additional analysis
rather than to present the assets available for benefits and changes in assets
available for benefits of each fund. The supplemental schedules and 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/ ERNST & YOUNG LLP
Stamford, Connecticut
June 20, 1996
F-1
<PAGE>
<TABLE>
<CAPTION>
AmeriData Technologies, Inc.
Employee Savings Plan
Statement of Assets Available for Benefits, with Fund Information
December 31, 1995
Fund Information
-------- -------- ----------- ---------- -------- --------- -------- -----------
GE GE GE GE GE GE
Money Fixed Strategic U.S. Global Stable Common Loans
Market Income Investment Equity Equity Income Stock to
Fund Fund Fund Fund Fund Fund Fund Participants Total
-------- -------- ----------- ---------- -------- --------- -------- ------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Investments, at fair
value $2,034,967 $1,055,112 $3,659,374 $6,973,748 $2,668,581 $1,678,101 $472,958 $814,189 $19,357,030
Employee contribution
receivable 29,901 27,750 72,011 132,015 93,106 16,266 27,867 398,916
---------- ---------- ---------- ---------- --------- ---------- -------- ---------- -----------
Assets available for
benefits $2,064,868 $1,082,862 $3,731,385 $7,105,763 $2,761,687 $1,694,367 $500,825 $814,189 $19,755,946
========== ========== ========== ========== ========== ========== ======== ========== ===========
<FN>
See notes to financial statements.
</FN>
</TABLE>
F-2
<PAGE>
<TABLE>
<CAPTION>
AmeriData Technologies, Inc.
Employee Savings Plan
Statement of Assets Available for Benefits, with Fund Information
December 31, 1994
Fund Information
-------- -------- ----------- ---------- -------- --------- -------- -----------
GE GE GE GE GE GE
Money Fixed Strategic U.S. Global Stable Common Loans
Market Income Investment Equity Equity Income Stock to
Fund Fund Fund Fund Fund Fund Fund Participants Total
-------- -------- ----------- ---------- -------- --------- -------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Investments, at fair
value $802,512 $383,008 $1,242,371 $2,093,172 $869,954 $2,045,876 $227,526 $275,481 $7,939,900
Employee contributions
receivable 7,404 21,148 36,192 66,225 52,501 9,962 5,903 - 199,335
-------- --------- ---------- ---------- -------- ---------- -------- -------- -----------
Assets available for
benefits $809,916 $404,156 $1,278,563 $2,159,397 $922,455 $2,055,838 $233,429 $275,481 $8,139,235
======== ========= ========== ========== ======== ========== ======== ======== ===========
<FN>
See notes to financial statements.
</FN>
</TABLE>
F-3
<PAGE>
<TABLE>
<CAPTION>
AmeriData Technologies, Inc.
Employee Savings Plan
Statement of Changes in Assets Available for Benefits, with Fund Information
Year ended December 31, 1995
Fund Information
-------- -------- ----------- ---------- -------- --------- -------- -----------
GE GE GE GE GE GE
Money Fixed Strategic U.S. Global Stable Common Loans
Market Income Investment Equity Equity Income Stock to
Fund Fund Fund Fund Fund Fund Fund Participants Total
-------- -------- ----------- ---------- -------- --------- -------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Additions to net assets
attributed to:
Investment income:
Gains (losses) on
investments $ - $63,937 $506,750 $1,212,543 $151,241 $107,196 $1,048 - $2,042,715
Interest 104,946 44,340 - - - - 1,354 45,164 195,804
Dividends - - 98,269 193,704 51,165 - - - 343,138
---------- --------- --------- -------- --------- ---------- ------- ---------- -----------
Total investment income 104,946 108,277 605,019 1,406,247 202,406 107,196 2,402 45,164 2,581,657
Loan repayments 61,665 10,793 22,064 34,379 29,983 14,112 12,298 (185,294) -
Employee contributions
and rollovers 545,005 433,438 931,680 1,703,204 1,373,657 193,726 318,689 - 5,499,399
Transfers of assets
from plans of
acquired companies 1,136,018 248,789 1,116,072 2,325,455 620,035 58,545 (220) 193,135 5,697,829
---------- --------- --------- ---------- --------- --------- -------- ---------- -----------
Total additions 1,847,634 801,297 2,674,835 5,469,285 2,226,081 373,579 333,169 53,005 13,778,885
Deductions from net
assets
attributed to:
Benefits paid to
participants (401,460) (124,435) (266,953) (623,859) (280,548) (409,484) (35,910) (19,525) (2,162,174)
Loans to participants (93,492) (26,807) (77,869) (139,096) (61,402) (70,340) (36,222) 505,228 -
---------- --------- ---------- ---------- --------- --------- -------- ---------- -----------
Net increase (decrease)
prior to interfund
transfers 1,352,682 650,055 2,330,013 4,706,330 1,884,131 (106,245) 261,037 538,708 11,616,711
Interfund transfers, net (97,730) 28,651 122,809 240,036 (44,899) (255,226) 6,359 - -
---------- --------- ---------- ---------- --------- --------- -------- ---------- ----------
Net increase 1,254,952 678,706 2,452,822 4,946,366 1,839,232 (361,471) 267,396 538,708 11,616,711
Assets available for
benefits at beginning
of period 809,916 404,156 1,278,563 2,159,397 922,455 2,055,838 233,429 275,481 8,139,235
---------- --------- ---------- ---------- -------- --------- -------- ---------- -----------
Assets available for
benefits at end
of period $2,064,868 $1,082,862 $3,731,385 $7,105,763 $2,761,687 $1,694,367 $500,825 $814,189 $19,755,946
========== ========== ========== ========== ========== ========== ======== ======== ===========
<FN>
See notes to financial statements.
</FN>
</TABLE>
F-4
<PAGE>
<TABLE>
<CAPTION>
AmeriData Technologies, Inc.
Employee Savings Plan
Statement of Changes in Assets Available for Benefits, with Fund Information
Year ended December 31, 1994
Fund Information
Fund Information
-------- -------- ----------- ---------- -------- --------- -------- -----------
GE GE GE GE GE GE
Money Fixed Strategic U.S. Global Stable Common Loans
Market Income Investment Equity Equity Income Stock to
Fund Fund Fund Fund Fund Fund Fund Participants Total
-------- -------- ----------- ---------- -------- --------- -------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Additions to net assets
attributed to:
Investment income:
Gains (losses) on
investments $ - $(13,305) $(60,491) $ (76,272) $(63,911) $ 41,806 $(72,421) - $ (244,945)
Interest 25,798 10,039 - - - 13,529 - 9,048 58,414
Dividends - - 29,003 11,776 22,509 - - - 63,288
---------- --------- --------- -------- --------- ---------- -------- ---------- ----------
Total investment income 25,798 (3,266 (31,488) (64,496) (41,402) 55,335 (72,421) 9,048 (122,892)
Loan repayments 36,054 1,562 19,644 19,926 10,762 2,808 135 (90,891) -
Employee contributions
and rollovers 514,008 220,144 507,938 729,094 724,936 97,736 81,553 - 2,875,409
Transfers of assets
from plans of
acquired companies 144,188 216,785 910,849 1,800,380 163,957 3,587,578 - 243,327 7,067,064
---------- --------- --------- ---------- --------- --------- -------- ---------- -----------
Total additions 720,048 435,225 1,406,943 2,484,904 858,253 3,743,457 9,267 161,484 9,819,581
Deductions from net
assets
attributed to:
Benefits paid to
participants (63,868) (16,127) (67,122) (169,722) (26,306)(1,482,071) (5,771) (30,224) (1,861,211)
Loans to participants (22,008) (3,018) (13,192) (30,103) (4,348) (21,072) (50,480) 144,221 -
---------- --------- ---------- ---------- --------- --------- -------- ---------- -----------
Net increase (decrease)
prior to interfund
transfers 634,172 416,080 1,326,629 2,285,079 827,599 2,240,314 (46,984) 275,481 7,958,370
Interfund transfers, net (5,121) (11,924) (48,066) (125,682) 94,856 (184,476) 280,413 - -
---------- --------- ---------- ---------- --------- --------- -------- ---------- ----------
Net increase 629,051 404,156 1,278,563 2,159,937 922,455 2,055,838) 233,429 275,481 7,958,370
Assets available for
benefits at beginning
of period 180,865 - - - - - - - 180,865
---------- --------- ---------- ---------- -------- --------- -------- ---------- -----------
Assets available for
benefits at end
of period $ 809,916 $404,156 $1,278,563 $2,159,397 $922,455 $2,055,838 $233,429 $275,481 $8,139,235
========== ========== ========== ========== ========== ========== ======== ======== ===========
<FN>
See notes to financial statements.
</FN>
</TABLE>
F-5
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Notes to Financial Statements
December 31, 1995 and 1994
1. Plan Description
The following description of the AmeriData Technologies, Inc. Employee Savings
Plan (the "Plan") provides only general information. Participants should refer
to the Plan Agreement for a more complete description of the Plan's provisions.
General
The Plan was adopted effective December 1, 1993 (as amended through December 20,
1994) by the Board of Directors of AmeriData Technologies, Inc. (the "Company").
The Plan is a defined contribution plan covering substantially all employees of
the Company. It is subject to the provisions of the Employee Retirement Income
Security Act of 1974 ("ERISA").
An employee is eligible to participate in the Plan upon attainment of age 20
1/2 and three months of service.
Contributions
The Plan permits each participant to elect to have his or her eligible
compensation reduced by up to 15% (to a maximum of $9,240) and to have that
amount contributed through periodic payroll withholdings to the Plan in
accordance with Section 401(k) of the Internal Revenue Code. The Company's
matching contributions, if any, are discretionary by plan year based on a
percentage of contributions up to an amount not to exceed 6% of the
participant's annual compensation. Since its inception, the Company has not
provided any matching contributions.
Participant Accounts
Each participant's account is credited with the participant's contributions and
allocations of the Company's contributions, if any. Forfeited balances of
terminated participant's nonvested accounts are to be used to reduce future
Company contributions. The benefit to which a participant is entitled is the
benefit that can be provided from the participant's account. The Plan provides
for 100% immediate vesting of employee contributions, and a percentage of the
value of the Company's matching contributions, if any, as shown in the following
table:
Years of Service Vesting Percentage
---------------- ------------------
0%
1 25%
2 50%
3 75%
4 100%
A participant's Company matching contributions, if any, is 100% vested upon (i)
reaching age 65 while employed by the Company, (ii) termination of employment by
reason of death, (iii) termination of employment on account of disability, if
eligible for Company-provided long-term disability benefits or (iv) termination
of the Plan.
F-6
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Notes to Financial Statements (continued)
1. Plan Description (continued)
Plan Termination
While it is the intention of the Company to continue the Plan indefinitely, the
Company reserves the right to terminate the Plan and its related trust fund at
any time. In the event of Plan and trust fund termination, the assets will be
distributed to the participants in lump sum distributions in amounts equal to
the fair value of their accounts.
Conditions of Withdrawal
Withdrawals can only be made under certain circumstances, including retirement,
death, disability, termination of employment and hardship (as defined under the
Internal Revenue Code) and attainment of age 59 1/2.
Upon retirement, permanent disability, or death, 100% of the value of the
participant's vested account is paid to the participant or the participant's
beneficiary in a lump sum payment or is used to purchase an annuity contract as
set forth in the plan agreement.
Vested benefits will be distributed as of the earliest practical valuation date
following written notice that a distribution is due when the participant
terminates employment with the Company or reaches the age of 65 (normal
retirement), or by April 1 of the calendar year next following the year in which
the participant attains age 70 1/2.
Loans to Participants
Loans to participants are subject to the approval of the Plan Administrator. A
participant may have only one loan outstanding at a time in an amount limited to
the lesser of $50,000 or 50% of that portion of the vested portion of the
participant's account, attributable to employer contributions, salary deferral
contributions and tax-free rollover contributions. The minimum loan is $1,000.
Loans bear interest at an effective annual percentage rate which is 1% above the
prime rate in effect on the loan date. As of December 31, 1995 and 1994, the
interest rates on loans outstanding, some of which were assumed from merged
plans, ranged from 6% to 10%.
The period of repayment for any loan is to be arrived at by mutual agreement
between the Plan Administrator and the borrower, but such period may in no event
exceed 5 years from the effective date of the loan unless the loan is used to
acquire, construct, reconstruct or substantially rehabilitate a principal
residence, for which a term of up to 15 years may be permissible. As of December
31, 1995 loans outstanding, some of which were assumed from merged plans, have
maturity dates ranging from 1996 to 2018.
Expenses
All expenses related to the administration of the Plan are paid by the Company.
F-7
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Notes to Financial Statements (continued)
2. Summary of Significant Accounting Policies
Investment Valuation and Income Recognition
The Plan's investments are stated at fair value. All shares of publicly traded
mutual funds are valued at quoted market prices which represent the net asset
values of shares held by the Plan at year end. Shares of the GE Stable Income
Fund are valued at net asset value as computed by the Trustee at year end.
Common Stock of the Company, included in the Common Stock Fund, is traded on the
New York Stock Exchange and is valued at the current market price of the
Company's common stock on the last business day of the plan year.
Purchases and sales of securities are recorded on a trade-date basis. Interest
income is recorded on the accrual basis. Dividends are recorded on the
ex-dividend date.
Gains (Losses)
The change in the difference between the fair value and the cost of investments
is reflected as unrealized gains (losses) in the aggregate fair value of
investments. Realized gains and losses on the disposal of investments are
calculated as the difference between the proceeds received and the average cost
of investments sold.
Use of Estimates
The preparation of financial statements in conformity with generally accepted
accounting principles requires management of the Plan to make estimates and
assumptions that affect the amounts and disclosures reported in the financial
statements and accompanying notes. Actual results could differ from those
estimates.
3. Investment Options
Participants can direct the investment of their elective contributions and
Company matching contributions, if any, into the following investment
alternatives in increments of 10%:
GE Money Market Fund - A publicly traded mutual fund that invests primarily in
high-grade, short-term U.S. government and corporate money market securities.
The objective of this fund is to maintain a high level of current income
consistent with the preservation of capital and liquidity.
GE Fixed Income Fund - A publicly traded mutual fund that invests primarily in
U.S. and foreign corporate bonds, government bonds and mortgage/asset backed
securities. The objective of this fund is to seek maximum income consistent with
prudent investment management and preservation of capital.
F-8
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Notes to Financial Statements (continued)
3. Investment Options (continued)
GE Strategic Investment Fund - A publicly traded mutual fund that invests
primarily in U.S. and foreign stocks, convertible securities and bonds. The
objective of this fund is to maximize total return, consisting of capital
appreciation and current income.
GE U.S. Equity Fund - A publicly traded mutual fund that invests primarily in
U.S. comman stocks. The objective of this fund is long-term growth of capital.
GE Global Equity Fund - A publicly traded mutual fund that invests primarily in
foreign stocks and may also invest in U.S. common stocks. The objective is
long-term growth of capital.
GE Stable Income Fund - Assets are invested primarily in pooled investment
contracts with short-term maturities through participation in a collective
investment fund maintained by State Street Bank and Trust Company. The objective
is preserving principle and achieving a rate of return competitive with
comparable fixed income investment products.
Common Stock Fund - Invested principally in common stock of the Company and
short-term money market investments as necessary to maintain liquidity for
current benefit payments. The objective of this fund is to mirror returns of the
Company's common stock.
4. Income Tax Status
On August 8, 1995, the Internal Revenue Service ("IRS") notified the Company
that the Plan, as amended on April 26, 1994, was qualified under Section 401(a)
of the Internal Revenue Code ("IRC") and is, therefore, not subject to income
tax. The Plan is required to operate in conformity with the IRC to maintain its
qualification. The Plan administrator and management of the Company are not
aware of any course of action or series of events that have occurred that might
adversely affect the Plan's qualified status.
5. Investments Held by Administered Trust Fund
The fair value of individual investments that represent 5% or more of the Plan's
net assets at December 31, 1995 and 1994, are as follows:
1995 1994
------------------------
GE Money Market Fund $2,034,967 $ 802,512
GE Fixed Fund 1,055,112 -
GE Strategic Investment Fund 3,659,374 1,242,371
GE U.S. Equity Fund 6,973,748 2,093,172
GE Global Equity Fund 2,668,581 869,954
GE Stable Income Fund 1,678,101 2,045,876
F-9
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Notes to Financial Statements (continued)
6. Plan Mergers
During 1995 and 1994, the following plans of acquired companies were merged into
the Plan:
1995
Company Assets
Merged
Acquired into Plan
-------------------------------------------------
American Computer Rental $ 653,990
Bohdan Associates, Inc. 3,451,682
David Mitchell and Associates, Inc. 1,178,066
Entre Computer 414,091
=============
$ 5,697,829
=============
1994
Company Assets
Merged
Acquired into Plan
-------------------------------------------------
Computer Communications Company $ 60,648
Potomac Digital, Inc. 526,670
AllCom, Inc. 77,354
AmeriData, Inc. 3,696,388
Comstor Corporation 330,014
Scott Data Corporation 14,154
Mericom System, Inc. 106,339
Forsythe, Inc. 2,255,497
=============
$ 7,067,064
=============
7. Subsequent Events
Effective January 1, 1996, the following plans of acquired companies were merged
into the Plan:
Company Assets
Merged
Acquired into Plan
- ------------------------------------------------
MicroComputer Power Services $452,970
On May 20, 1996, GE Capital Services tendered an offer to purchase AmeriData
Technologies, Inc. ("AmeriData") pursuant to which GE Capital Services will
acquire all of the outstanding common stock of AmeriData, including those shares
held by the Common Stock Fund, at $16 per share. Subsequent to the consummation
of this transaction, AmeriData will cease to be a public company, the Common
Stock Fund will be terminated and all amounts held in the Fund at termination
will be re-allocated among the other investment mediums in accordance with
individual participant elections.
F-10
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Schedule of Assets Held for Investment Purposes
December 31, 1995
Identity of Description of
Issue, Borrower, Investment Including
Lessor or Maturity Date, Rate of
Similar Party Interest, and Par or Market
Maturity Value Shares Cost Value
- -------------------------------------------------------------------------
GE Funds Money Market Fund 2,034,967 $ 2,034,967 $2,034,967
GE Funds Fixed Income Fund 85,893 1,008,485 1,055,112
GE Funds Strategic Investment Fund 188,604 3,238,150 3,659,374
GE Funds U.S. Equity Fund 326,863 5,903,881 6,973,748
GE Funds Global Equity Fund 131,593 2,587,969 2,668,581
GE Funds Stable Income Fund 153,047 1,568,201 1,678,101
State Street
Bank and Trust
Company Common Stock Fund * 47,463 543,314 472,958
Loans to
participants Notes mature between
1996 and 2018 and bear
interest at rates which
vary between 6% and 10%
per annum 814,189 814,189
------------------------
$17,699,156 $19,357,030
========================
*Party-in-interest to the Plan
F-11
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Schedule of Reportable Transactions
Year ended December 31, 1995
Transactions or series of transactions during the year ended December 31, 1995,
exceeding 5% of the current value of Plan assets reportable per Department of
Labor regulations 2520.103-6 are listed below. A series of transactions may
include single transactions that are in excess of 5% of the current value of
Plan assets reportable per Department of Labor regulations. There were no
category (ii) or (iv) reportable transactions during 1995.
Category (i) - Individual transactions in excess of 5% of plan assets:
Identity of Party Purchase Selling *
Involved Description of Assets Price Price
- -------------------------------------------------------------------------------
GE Money Market Fund Mutual Fund $ 661,539
GE Stable Income Fund Mutual Fund 2,012,424
GE U.S. Equity Fund Mutual Fund 2,147,772
749,713
1,348,736
GE Global Equity Fund Mutual Fund 920,214
579,087
GE Strategic Investment Fund Mutual Fund 1,294,133
952,816
* There were no individual sales transactions in excess of 5% of plan assets.
F-12
<PAGE>
AmeriData Technologies, Inc.
Employee Savings Plan
Schedule of Reportable Transactions (continued)
<TABLE>
<CAPTION>
Category (iii) - Series of transactions in excess of 5% of plan assets:
Aggregate Aggregate
Number of Value of Number Value of Cost of Net
Identity of Description Purchase Purchases/ of Sales Sales/ Sales/ Gain
Party Involved of Asset Transactions Deposits Transactions Withdrawals Withdrawals (Loss)
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
State Street Bank and AmeriData
Trust Company Common Technologies, Inc.
Stock Fund Common Stock* 38 $ 624,443 38 $ 380,314 $ 384,625 $(4,311)
GE Money Market Fund Mutual Fund 109 1,989,326 102 756,871 756,871 -
GE Stable Income Fund Mutual Fund 80 2,270,456 87 2,745,515 2,710,109 35,406
GE U.S. Equity Fund Mutual Fund 123 6,456,527 87 2,784,007 2,705,340 78,667
GE Fixed Income Fund Mutual Fund 105 1,198,216 73 589,264 584,319 4,945
GE Global Equity Fund Mutual Fund 110 2,978,126 92 1,329,430 1,319,495 9,935
GE Strategic Investment
Fund Mutual Fund 114 3,547,918 85 1,636,992 1,607,026 29,966
<FN>
*Party in-interest to the Plan
</FN>
</TABLE>
F-13
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
AmeriData Technologies, Inc. Employee Benefits Administration Committee has duly
caused this annual report to be signed on its behalf by the undersigned hereunto
duly authorized.
AMERIDATA TECHNOLOGIES, INC.
EMPLOYEE SAVINGS PLAN
By /s/ Richard H. McDevitt
Name Richard H. McDevitt
Title Plan Administrator
Dated: June 20, 1996
