<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 11-K
(Mark One)
[ x ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
NO
For the fiscal year ended December 31, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the transition period from _______________to________________
000-22125
____________
(Commission File Number)
A. Full title of the plan and the address of the plan, if different
from that of the issuer named below:
Diamond Technology Partners Incorporated 401(k) Plan
B. Name of issuer of the securities held pursuant to the plan and
the address of its principal executive office:
Diamond Technology Partners Incorporated
875 North Michigan Avenue, Suite 3000
Chicago, Illinois 60611
<PAGE> 2
[KPMG LOGO]
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(K) PLAN
Financial Statements and Schedules
December 31, 1996 and 1995
(With Independent Auditors' Report Thereon)
<PAGE> 3
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(K) PLAN
TABLE OF CONTENTS
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Page(s)
-------
<S> <C>
Independent Auditors' Report ......................................... 1
Financial Statements:
Statements of Net Assets Available for Plan Benefits ............. 2
Statement of Changes in Net Assets Available for Plan Benefits,
With Fund Information .......................................... 3
Notes to Financial Statements .................................... 4-5
Schedules:
Item 27a - Schedule of Assets Held for Investment Purposes ....... 6-8
Item 27d - Schedule of Reportable Transactions in Excess
of 5% of the Fair Value of Plan Assets ......................... 9
</TABLE>
<PAGE> 4
[KPMG LETTERHEAD]
INDEPENDENT AUDITORS' REPORT
The Trustees of the
Diamond Technology Partners
Incorporated 401(k) Plan:
We have audited the accompanying statements of net assets available for plan
benefits of Diamond Technology Partners Incorporated 401(k) Plan (Plan) as of
December 31, 1996 and 1995, and the related statement of changes in net assets
available for plan benefits for the year ended December 31, 1996. 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 net assets available for plan benefits as of
December 31, 1996 and 1995, and the changes in net assets available for plan
benefits for the year ended December 31, 1996, in conformity with generally
accepted auditing principles.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment purposes and reportable transactions are presented for the
purpose of additional analysis and are not a required part of the basic
financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. The fund information in
the statement of net assets available for plan benefits and the statement of
changes in net assets available for plan benefits is presented for purposes of
additional analysis, rather than to present the net assets available for plan
benefits and changes in the net assets available for plan benefits of each
fund. The supplementary 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.
The schedules of assets held for investment purposes and reportable
transactions that accompany the Plan's financial statements do not disclose the
historical cost of certain Plan assets held by the Plan custodians as of or
during the year ended December 31, 1996. Disclosure of this information is
required by the Department of Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Security Act of 1974.
/s/ KPMG Peat Marwick LLP
--------------------------
KPMG Peat Marwick LLP
June 27, 1997
<PAGE> 5
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(K) PLAN
Statements of Net Assets Available for Plan Benefits
December 31, 1996 and 1995
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
1996 1995
- -------------------------------------------------------------------------------
<S> <C> <C>
Cash and cash equivalents $ 1,564 $ 21,901
Investments, at fair value:
LaSalle investments:
Rembrandt Income Plus Fund - 165,446
Rembrandt Balanced Fund - 115,952
Rembrandt Growth Fund - 344,543
Rembrandt S&P 500 Index Fund - 497,586
Rembrandt International Fund - 427,837
- -------------------------------------------------------------------------------
Total LaSalle investments - 1,551,364
- -------------------------------------------------------------------------------
Schwab investments:
Baron Assets Fund 765,860 -
Founders Growth Fund 811,280 -
Ivy International Fund 327,821 -
Schwab 1000 Fund 318,151 -
Other funds 210,614 -
- -------------------------------------------------------------------------------
Total Schwab investments 2,433,726 -
- -------------------------------------------------------------------------------
Personal choice accounts:
Common and preferred stocks:
Safeguard Scientifics, Inc. 500,380 -
Other 437,892 -
Money market fund 243,449 -
Mutual funds 156,116 -
Bond 2,243 -
- -------------------------------------------------------------------------------
Total personal choice accounts 1,340,080 -
- -------------------------------------------------------------------------------
Participant notes receivable 104,133 76,852
- -------------------------------------------------------------------------------
Net assets available for plan benefits $ 3,879,503 $ 1,650,117
- -------------------------------------------------------------------------------
</TABLE>
See accompanying notes to financial statements.
2
<PAGE> 6
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(K) PLAN
Statement of Changes in Net Assets Available for Plan Benefits, With Fund
Information
Year ended December 31, 1996
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Fund information
- -----------------------------------------------------------------------------------------------------------------------------------
Rembrandt
Rembrandt S&P
LaSalle Income Rembrandt Rembrandt 500
National Bank Plus Balanced Growth Index
Cash Fund Fund Fund Fund
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Interest income $ 98 33 25 194 91
Dividend income - 1,560 577 803 -
Gains on sales of investments - - 1,442 12,982 22,188
Net appreciation in fair value of
investments - - - - -
Contributions - employee 1,791,819 15,944 7,601 26,920 38,060
Contributions - other - 263 161 187 384
Transfer from LaSalle - - - - -
Interfund transfer - - - 3,967 -
Repayments of participant notes receivable - - - - -
- ----------------------------------------------------------------------------------------------------------------------------------
Total additions 1,791,917 17,800 9,806 45,053 60,723
- ----------------------------------------------------------------------------------------------------------------------------------
Deductions from net assets attributed to:
Net depreciation in fair value of
investments - - - - -
Dispositions and benefits paid to
participants 104,861 181,960 125,758 389,596 558,200
Transfer to Schwab 1,708,957 - - - -
Interfund transfers - - - - 109
Other transfers - - - - -
Loans to employees - 1,286 - - -
- ----------------------------------------------------------------------------------------------------------------------------------
Total deductions 1,813,818 183,246 125,758 389,596 558,309
Net increase (decrease) (21,901) (165,446) (115,952) (344,543) (497,586)
Net assets available for plan benefits:
Beginning of year 21,901 165,446 115,952 344,543 497,586
- ----------------------------------------------------------------------------------------------------------------------------------
End of year $ - - - - -
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Charles
Rembrandt Schwab & Personal Baron Founders
International Co., Inc. Choice Assets Growth
Fund Cash Accounts Fund Fund
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Interest income 284 - 9,465 588 675
Dividend income - - 209 826 65,759
Gains on sales of Investments 7,728 - - 9,258 15,706
Net appreciation in fair value of
investments - - 74,593 53,037 -
Contributions - employee 24,172 - 235,494 227,549 253,324
Contributions - other 494 143,662 437,056 127,051 203,842
Transfer from LaSalle - 1,708,957 421,347 403,482 471,798
Interfund transfer - 320,081 215,418 72,557 10,555
Repayments of participant notes receivable - - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total additions 32,678 2,172,700 1,393,582 894,348 1,021,659
- -----------------------------------------------------------------------------------------------------------------------------------
Deductions from net assets attributed to:
Net depreciation in fair value of
investments - - - - 1,534
Dispositions and benefits paid to
participants 453,443 318,517 16,764 39,220 42,352
Transfer to Schwab - - - - -
Interfund transfers 3,858 1,797,346 20,510 83,710 160,507
Other transfers - 55,273 16,228 5,558 5,986
Loans to employees 3,214 - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total deductions 460,515 2,171,136 53,502 128,488 210,379
Net increase (decrease) (427,837) 1,564 1,340,080 765,860 811,280
Net assets available for plan benefits:
Begining of year 427,837 - - - -
- -----------------------------------------------------------------------------------------------------------------------------------
End of year - 1,564 1,340,080 765,860 811,280
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Ivy Schwab Participant
International 1000 Other notes
Fund Fund funds receivable Total
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Interest income 263 193 169 627 12,705
Dividend income 7,385 3,958 8,696 - 89,773
Gains on sales of investments 4,295 4,026 885 - 78,510
Net appreciation in fair value of
investments 32,095 32,792 7,098 - 199,615
Contributions - employee 98,945 107,377 73,044 - 2,900,249
Contributions - other 39,880 85,847 36,949 79,864 1,155,640
Transfer from LaSalle 188,944 126,032 133,004 - 3,453,564
Interfund transfer 923 1,781 17,284 4,500 647,066
Repayments of participant notes receivable - - - 46,742 46,742
- -----------------------------------------------------------------------------------------------------------------------------------
Total additions 372,730 362,006 277,129 131,733 3,583,864
- -----------------------------------------------------------------------------------------------------------------------------------
Deductions from net assets attributed to:
Net depreciation in fair value of
investments - - - - 1,534
Dispositions and benefits paid to
participants 28,644 12,285 31,180 - 2,302,780
Transfer to Schwab - - - 79,864 1,788,821
Interfund transfers 13,553 28,473 13,328 2,116 2,123,510
Other transfers 2,712 3,097 22,007 - 110,861
Loans to employees - - - 22,472 26,972
- -----------------------------------------------------------------------------------------------------------------------------------
Total deductions 44,909 43,855 66,515 104,452 6,354,478
Net increase (decrease) 327,821 318,151 210,614 27,281 2,229,386
Net assets available for plan benefits:
Beginning of year - - - 76,852 1,650,117
- -----------------------------------------------------------------------------------------------------------------------------------
End of year 327,821 318,151 210,614 104,133 3,879,503
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
See accompanying notes to financial statements.
3
<PAGE> 7
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(K) PLAN
Notes to Financial Statements
DECEMBER 31, 1996
- ------------------------------------------------------------------------------
(1) DESCRIPTION OF PLAN
-------------------
The following brief description of the Diamond Technology Partners
Incorporated 401(k) Plan (Plan) is provided for general information
purposes only. Participants should refer to the Plan agreement for more
complete information.
(A) GENERAL
The Plan is a voluntary defined contribution plan for all eligible
employees of Diamond Technology Partners Incorporated (Company) who meet
the minimum age and service requirements specified in the Plan agreement.
The Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974 (ERISA). The number of employees participating in the
Plan totaled 175 and 104 at December 31, 1996, and 1995, respectively.
(B) CONTRIBUTIONS
Each year, participants may contribute up to 15% of pretax annual
compensation, as defined in the Plan. Participants may also contribute
amounts representing distributions from other qualified defined-benefit or
contribution plans. Additional amounts may be contributed at the option of
the Company's trustees. Contributions are limited in accordance with IRS
regulations. No Company contributions have been made to date.
(C) PARTICIPANT ACCOUNTS
Each participant's account is credited with the participant's contribution
and an allocation of Plan earnings and Company contributions, if any.
Allocations are based on participant earnings or account balances, as
defined. The benefit to which a participant is entitled is the benefit
that can be provided from the participant's account.
(D) VESTING
Participants are immediately vested in their voluntary contributions plus
actual earnings thereon.
(E) PAYMENT OF BENEFITS
On termination of service due to death, disability, or retirement, and if
the vested account balance exceeds $3,500, a participant may elect to
receive either a lump-sum amount equal to the value of the participant's
vested interest in his or her account, or annual installments over a
specified period of time not exceeding the life expectancy of the
designated beneficiary. If the vested account balance is less than $3,500,
the beneficiary will receive a lump-sum distribution.
For termination of service due to other reasons, a participant may receive
the value of the vested interest in his or her account as a lump-sum
distribution.
(F) ADMINISTRATIVE EXPENSES
Administrative expenses amounting to $15,185 in 1996 have been directly
paid by the Company. It is not the intention of the Company to obtain
reimbursement from the Plan for these payments.
4
<PAGE> 8
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(K) PLAN
Notes to Financial Statements
- -------------------------------------------------------------------------------
(G) PARTICIPANT NOTES RECEIVABLE
Participants may borrow a minimum of $1,000 to a maximum equal to the
lesser of $50,000 or 50% of their vested account balance. Loan
transactions are treated as a transfer from the investment fund to the
Participant Notes fund. Loan terms range from one to five years, and up to
15 years for the purchase of a primary residence. The loans are secured by
the balance in the participant's account and bear interest at a rate
commensurate with the local prevailing rates as determined quarterly by the
Plan administrator. Interest rates range from 7.25% to 9.5%. Principal
and interest are paid ratably through bimonthly payroll deductions.
(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(A) BASIS OF ACCOUNTING
The financial statements of the Plan are prepared under the accrual method
of accounting.
(B) 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 net assets available for
plan benefits and disclosure of contingent assets and liabilities at the
date of the financial statements, and the reported amounts of changes in
net assets available for plan benefits during the reporting period. Actual
results could differ from those estimates.
(C) INVESTMENTS
The assets of the Plan are held by the Plan Custodian. The Plan's
investments are recorded at fair value based on quoted market prices.
Security transactions are recognized on a trade date basis. Participant
notes receivable are valued at cost, which approximates fair value.
Interest and dividend income on investments is recognized as earned.
(3) FEDERAL INCOME TAXES
The Internal Revenue Service has determined and informed the Company by a
letter dated May 15, 1997, that the Plan and related trust are designed in
accordance with applicable sections of the Internal Revenue Code (IRC).
The Plan administrator believes that the Plan is currently being operated
in accordance with the applicable provisions of the IRC.
(4) PLAN TERMINATION
While the Company has not expressed any intent to terminate the Plan, they
are free to do so at any time, subject to the provisions set forth in
ERISA.
5
<PAGE> 9
DIAMOND TECHNOLOGY PARTNERS Schedule 1
INCORPORATED 401(K) PLAN ----------
Item 27a - Schedule of Assets Held for Investment Purposes
December 31, 1996
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
shares or
face value
in dollars Cost Fair value
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
Cash and cash equivalents $ 1,564 $ 1,564
Money market funds:
Schwab Money Market
Fund 30,194 30,194 30,194
- -------------------------------------------------------------------------------
Total money market funds 30,194 30,194 30,194
- -------------------------------------------------------------------------------
Domestic equity funds:
Baron Assets Fund 21,134 712,823 765,860
Founders Growth Fund 51,120 812,814 811,280
Investco Total Return Fund 4,468 102,160 108,576
Schwab 1000 15,642 285,359 318,151
- -------------------------------------------------------------------------------
Total domestic equity funds 92,364 1,913,156 2,003,867
- -------------------------------------------------------------------------------
International equity funds:
Ivy International Fund 9,134 295,726 327,821
- -------------------------------------------------------------------------------
Total international equity funds 9,134 295,726 327,821
- -------------------------------------------------------------------------------
Fixed income funds:
Strong Government Securities
Fund 6,855 71,162 71,844
- -------------------------------------------------------------------------------
Total fixed income funds 6,855 71,162 71,844
- -------------------------------------------------------------------------------
Personal choice account mutual funds:
Twentieth Century Ultra 261 * 7,326
Ariel Growth Fund 122 * 3,905
Baron Asset Fund 178 * 6,443
Fidelity Equity Income II 1,852 * 43,993
Founders Growth Fund, Inc. 62 * 977
Heartland Small Cap Contrarian Fund 718 * 9,625
Investco Strat Health Science Fund 68 * 3,362
Investco Strat Technology Fund 112 * 3,459
Janus Olympus Fund 328 * 4,755
Janus Overseas Fund 691 * 10,510
Kaufmann Fund, Inc. 1,689 * 9,865
Oberweis Emerging Growth 91 * 3,008
PG Core Growth Fund 177 * 2,347
PBHG Emerging Growth Fund 154 * 3,729
PBHG Growth Fund 187 * 4,905
PBHG Technology and Comms Fund 634 * 11,134
Schwab International Index Fund 412 * 5,172
Schwab S&P 500 Inv Shs 898 * 10,207
Schwab Small-Cap Index Fund 370 * 5,277
T. Rowe Price OTC Fund 339 * 6,117
- -------------------------------------------------------------------------------
Total personal choice account mutual funds 9,343 * 156,116
- -------------------------------------------------------------------------------
</TABLE>
6
<PAGE> 10
DIAMOND TECHNOLOGY PARTNERS Schedule 1, Cont.
INCORPORATED 401(K) PLAN -----------------
Item 27a - Schedule of Assets Held for Investment Purposes
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
shares or
face value
in dollars Cost Fair value
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
Personal choice account common and preferred stocks:
AT&T Corporation 115 $ * $ 4,988
ATC Communications Group 200 * 2,650
Ameritech Corporation 215 * 13,021
Andrew Corporation 100 * 5,306
Apple Computer Inc. 1,425 * 29,747
BellSouth Corporation 200 * 8,100
Cambridge Tech Partners 590 * 19,802
Cannondale Corporation 50 * 1,125
Caterpillar, Inc. 110 * 8,278
Charles Schwab Corporation 880 * 21,760
Chevron Corporation 166 * 10,790
Coca Cola Company 45 * 2,368
Cornerstone Imaging, Inc. 500 * 3,625
Cyberguard Corporation 200 * 2,425
Data Broadcasting Corporation 300 * 2,100
DAW Technologies, Inc. 500 * 1,375
Disney Walt Holding Co. 100 * 6,975
DuPont E I DeNemour & Co. 17 * 1,600
First Chicago NBD Corporation 202 * 10,834
General Electric 110 * 10,876
General Magic, Inc. 200 * 463
General Motors Corporation 353 * 19,685
Gilead Sciences 100 * 2,500
Hanover Direct 4,402 * 3,302
Hewlett-Packard 410 * 20,617
I Flow Corporation 600 * 3,262
Imation Corporation 10 * 281
Integrated Systems Consulting Group 1,100 * 15,125
Intel Corporation 118 * 15,465
International Paper Co. 83 * 3,362
International Business Machines 38 * 5,757
Iomega Corporation 45 * 782
K Mart Corporation 200 * 2,075
Loral Space Communications LTD 200 * 3,675
Lucent Technologies, Inc. 238 * 10,994
Mapinfo Corporation 200 * 2,225
Matritech, Inc. 597 * 5,075
McDonalds Corporation 166 * 7,518
Merck & Company, Inc. 100 * 7,963
Microsoft Corporation 90 * 7,436
Midwest Express Holding, Inc. 100 * 3,600
Minnesota Mining & Mfg. 248 * 20,584
Motorola, Inc. 101 * 6,165
National Media Corporation 110 * 770
Nike, Inc. Class B 72 * 4,320
</TABLE>
7
<PAGE> 11
DIAMOND TECHNOLOGY PARTNERS Schedule 1, Cont.
INCORPORATED 401(K) PLAN -----------------
Item 27a - Schedule of Assets Held for Investment Purposes
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
shares or
face value
in dollars Cost Fair value
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
Nordstrom, Inc. 100 $ * $ 3,544
Octel Communications CP 500 * 8,750
Onewave, Inc. 150 * 1,172
Peoplesoft, Inc. 200 * 9,588
Physician Computer Network 200 * 1,700
Proctor & Gamble Company 100 * 10,762
PSINet, Inc. 100 * 1,087
Quick & Reilly Group, Inc. 25 * 747
SCI Systems, Inc. 18 * 803
Safeguard Scientifics, Inc. 15,760 * 500,380
Sanchez Computer 96 RXXX 155 * 232
Sanchez Computer 696 * 5,481
Sigcorp, Inc. 102 * 3,549
STAC, Inc. 300 * 1,987
TCSI Corporation 595 * 3,719
Telxon Corporation 500 * 6,125
Toy Biz, Inc. 200 * 3,900
Trans World Airlines New 400 * 2,625
UAL Corporation New 72 * 4,500
US West Communication Group 100 * 3,225
United Healthcare Corporation 75 * 3,375
Vanstar Corporation 100 * 2,450
Whittman Hart, Inc. 400 * 10,250
YPF Sociedad Spon ADRF 300 * 7,575
- -------------------------------------------------------------------------------
Total personal choice account common
and preferred stocks 37,054 * 938,272
- -------------------------------------------------------------------------------
Personal choice account bond:
U.S. Treasury Strip 0% 1,200 * 2,243
- -------------------------------------------------------------------------------
Total personal choice account bond 1,200 * 2,243
- -------------------------------------------------------------------------------
Personal choice account money market funds:
Schwab Money Market Fund * 243,449
- -------------------------------------------------------------------------------
Total personal choice account
money market funds - 243,449
- -------------------------------------------------------------------------------
Total personal choice account investments - 1,340,080
- -------------------------------------------------------------------------------
Participant notes receivable 104,133 104,133
- -------------------------------------------------------------------------------
$ - $3,879,503
- -------------------------------------------------------------------------------
</TABLE>
See accompanying independent auditors' report.
8
<PAGE> 12
Schedule 2
----------
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(K) PLAN
Item 27d - Schedule of Reportable Transactions or Series of Transactions
in Excess of 5% of the Current Value of Plan Assets at the Beginning of
the Year
Year ended December 31, 1996
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
Cost of Net
Identity of Description Purchase Selling asset gain
party involved of asset price price disposed (loss)
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
LaSalle Rembrandt Growth Fund -
National Bank domestic equity fund $ - 388,872 362,003 26,869
LaSalle Rembrandt Balanced Fund -
National Bank domestic equity fund - 125,418 116,799 8,619
LaSalle Rembrandt International Equity - 453,428 415,046 38,382
National Bank Fund - international equity
fund
LaSalle LaSalle S&P 500 Index Fund -
National Bank domestic equity fund - 550,000 447,121 102,879
LaSalle Rembrandt Treasury Money
National Bank Market Fund - U.S. Treasury
obligations 1,698,918 - - -
LaSalle LaSalle Income Plus Fund -
National Bank domestic equity fund - 181,200 181,200 -
LaSalle Rembrandt Treasury Money
National Bank Market Fund - U.S. Treasury
obligations - 1,699,180 1,699,180 -
Charles Schwab & Baron Asset - domestic
Co., Inc. equity fund 396,396 - - -
Charles Schwab & Founders Growth - domestic
Co., Inc. equity fund 463,595 - - -
Charles Schwab & Ivy International - international
Co., Inc. equity fund 186,489 - - -
Charles Schwab & Schwab 1000 - domestic
Co., Inc. equity fund 123,871 - - -
Charles Schwab &
Co., Inc. Safeguard Scientifics, Inc. 500,380 - - -
Charles Schwab &
Co., Inc. Schwab Money Market Fund 243,449 - - -
- -------------------------------------------------------------------------------------------------------
</TABLE>
See accompanying independent auditors' report.
9
<PAGE> 13
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Trustees of the Plan have duly caused this annual report to be
signed on its behalf by the undersigned hereunto duly authorized in the City of
Chicago, State of Illinois, on July 22, 1997.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
(Name of Plan)
By: /s/ Melvyn E. Bergstein
-------------------------------
Name: Melvyn E. Bergstein
-----------------------------
Its: Trustee
-----------------------------
By: /s/ Michael E. Mikolajczyk
-------------------------------
Name: Michael E. Mikolajczyk
-----------------------------
Its: Trustee
-----------------------------
By: /s/ Karl E. Bupp
-------------------------------
Name: Karl E. Bupp
-----------------------------
Its: Trustee
-----------------------------
By: /s/ Christopher J. Moffitt
-------------------------------
Name: Christopher J. Moffitt
-----------------------------
Its: Trustee
-----------------------------
