UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15 (d) of the
Securities Exchange Act of 1934
For the fiscal year ended December 31, 1997
A. Full title of the plan and address of the plan, if
different from that of the issuer named below:
401(k) PLAN and ESOP of UNITED STATES TRUST
COMPANY OF NEW YORK AND AFFILIATED COMPANIES
B. Name of issuer of the securities held pursuant to the
plan and the address of its principal executive office:
U. S. TRUST CORPORATION
114 West 47th Street
New York, New York 10036-1532
PAGE 1 0F 2 PAGES
REQUIRED INFORMATION
In accordance with the instructions for Form 11-K, financial
statements and schedules for the 401(k) PLAN and ESOP of UNITED
STATES TRUST COMPANY OF NEW YORK AND AFFILIATED COMPANIES (the
"Plan"), prepared in accordance with the financial reporting
requirements of ERISA, are filed herewith as Exhibit 99. Also
filed herewith as Exhibit 23 is the written consent of Coopers &
Lybrand L.L.P., independent accountants, to the incorporation by
reference of their report on such financial statements and
schedules in the Registration Statement on Form S-8 relating to
the Plan.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee
benefit plan) have duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.
401(k) PLAN and ESOP OF UNITED
STATES TRUST COMPANY OF NEW
YORK AND AFFILIATED COMPANIES
(Name of Plan)
Date: June 26, 1998 By: Patricia W. McGuire
----------------------------------
Patricia W. McGuire,
Managing Director
Chairman of Retirement and 401(k)/
ESOP Administrative Committee
-2-
FORM 11-K EXHIBIT 23
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the
Registration Statement on Form S-8 of U. S. Trust Corporation
(File No. 33-62371) pertaining to the 401(k) Plan and ESOP of
United States Trust Company of New York and Affiliated Companies,
of our report dated June 5, 1998 on our audits of the financial
statements of the 401(k) Plan and ESOP of United States Trust
Company of New York and Affiliated Companies as of December 31,
1997 and 1996 and the year ended December 31, 1997, which
report is included in this Annual Report on Form 11-K.
COOPERS & LYBRAND L.L.P.
New York, New York,
June 26, 1998.
