================================================================================
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 year ended December 31, 1998
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
-------------------------------------------
(Full title of the Plan)
TRUMP HOTELS AND CASINO RESORTS, INC.
------------------------------------------------------------
(Name of Issuer of the securities held pursuant to the Plan)
2500 Boardwalk
Atlantic City, New Jersey 08401
(Address of principal executive office)
================================================================================
<PAGE>
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
---------------------------------------
FINANCIAL STATEMENTS AS OF DECEMBER 31, 1998 AND 1997
-----------------------------------------------------
TOGETHER WITH
-------------
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
----------------------------------------
<PAGE>
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
---------------------------------------
INDEX
-----
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
FINANCIAL STATEMENTS:
Statements of Net Assets Applicable to Participants' Equity as of
December 31, 1998 and 1997
Statement of Changes in Net Assets Applicable to Participants' Equity
for the Year Ended December 31, 1998
Notes to Financial Statements
SUPPLEMENTAL SCHEDULES:
I -- Item 27a - Schedule of Assets Held for Investment Purposes as of
December 31, 1998
II -- Item 27d - Schedule of Reportable Transactions for the Year Ended
December 31, 1998
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
----------------------------------------
To the Benefits Committee of the
Trump Plaza Hotel & Casino Savings Plan:
We have audited the accompanying statements of net assets applicable to
participants' equity of the Trump Plaza Hotel & Casino Savings Plan (the "Plan")
as of December 31, 1998 and 1997, and the related statement of changes in net
assets applicable to participants' equity for the year ended December 31, 1998.
These financial statements and the schedules referred to below are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements and schedules 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 applicable to participants' equity of the
Plan as of December 31, 1998 and 1997, and the changes in its net assets
applicable to participants' equity for the year ended December 31, 1998, 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 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
statements of net assets applicable to participants' equity and the statement of
changes in net assets applicable to participants' equity is presented for
purposes of additional analysis rather than to present the net assets applicable
to participants' equity and the changes in net assets applicable to
participants' equity 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.
ARTHUR ANDERSEN LLP
Roseland, New Jersey
June 10, 1999
<PAGE>
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
---------------------------------------
STATEMENTS OF NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY
-----------------------------------------------------------
AS OF DECEMBER 31, 1998 AND 1997
--------------------------------
1998 1997
----------- -----------
ASSETS:
Investments at market value (Notes 1 and 3)-
The Chicago Trust Company Stated Principal Value
Investment Trust Fund $ 7,031,086 $ 6,153,761
SoGen International Fund 1,095,700 1,297,790
Massachusetts Investors Trust Fund 9,684,178 7,633,706
Oppenheimer Quest Value Fund 2,616,935 2,142,542
Oppenheimer Quest Opportunity Value Fund 3,922,014 3,686,841
Montag & Caldwell Growth Fund 11,255,975 7,487,670
AIM Constellation Fund 2,655,376 2,483,064
Templeton Foreign Fund 2,906,921 3,185,681
Oppenheimer Quest Capital Value Fund 5,766,660 4,980,016
Davis New York Venture Fund 824,714 0
Franklin Small Cap Growth Fund 613,748 0
Trump Hotels & Casino Resorts, Inc. Common Stock 826,132 762,957
Participants' Loans Receivable 5,456,052 4,959,794
Other 107,526 424,008
Contributions Receivable from Participants 247,391 199,202
----------- -----------
NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY $55,010,408 $45,397,032
=========== ===========
The accompanying notes to financial statements are an
integral part of these statements.
<PAGE>
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
-------------------------------------------------------
STATEMENT OF CHANGES IN NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY
---------------------------------------------------------------------
FOR THE YEAR ENDED DECEMBER 31, 1998
------------------------------------
<TABLE>
<CAPTION>
The Chicago
Trust Company
Stated Oppenheimer
Principal Value SoGen Massachusetts Oppenheimer Quest
Investment International Investors Quest Opportunity
Trust Fund Fund Trust Fund Value Fund Value Fund
----------- ----------- ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY,
beginning of year $ 6,153,761 $ 1,297,790 $ 7,633,706 $ 2,142,542 $ 3,686,841
----------- ----------- ------------ ------------ ------------
Contributions-
Participants 722,706 162,917 735,499 322,037 533,411
Plan Sponsor (net of forfeitures) 318,546 60,816 268,795 118,395 198,244
Participant Rollovers 283 0 28,876 4,872 25,192
----------- ----------- ------------ ------------ ------------
Total contributions 1,041,535 223,733 1,033,170 445,304 756,847
Dividend income 0 107,353 539,966 113,666 221,365
Interest income 130 99 289 24 85
Realized/unrealized appreciation
(depreciation) of investments 410,778 (104,659) 1,147,379 123,502 62,284
Distributions to participants (1,052,043) (25,275) (473,808) (174,904) (309,935)
Loans issued to participants (596,615) (88,154) (491,629) (214,155) (282,722)
Loan principal repayments 530,450 81,766 430,890 160,642 259,010
Administrative expenses (45,567) (1,115) (4,885) (2,041) (3,394)
Interfund transfers (net) 603,716 (404,329) (136,551) 5,753 (522,363)
Transfers from (to) related plans (15,059) 8,491 5,651 16,602 53,996
----------- ----------- ------------ ------------ ------------
Increase (decrease) in net assets 877,325 (202,090) 2,050,472 474,393 235,173
----------- ----------- ------------ ------------ ------------
NET ASSETS APPLICABLE TO PARTICIPANTS'
EQUITY, end of year $ 7,031,086 $ 1,095,700 $ 9,684,178 $ 2,616,935 $ 3,922,014
=========== =========== ============ ============ ============
<CAPTION>
Montag & Oppenheimer Davis
Caldwell AIM Templeton Quest New York
Growth Constellation Foreign Capital Venture
Fund Fund Fund Value Fund Fund
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY,
beginning of year $ 7,487,670 $ 2,483,064 $ 3,185,681 $ 4,980,016 $ 0
------------ ------------ ------------ ------------ ------------
Contributions-
Participants 984,127 305,996 389,346 495,600 104,193
Plan Sponsor (net of forfeitures) 355,436 112,532 146,287 187,921 37,122
Participant Rollovers 36,692 12,520 18,624 16,166 5,725
------------ ------------ ------------ ------------ ------------
Total contributions 1,376,255 431,048 554,257 699,687 147,040
Dividend income 343,343 64,805 304,766 177,136 18,342
Interest income 9 14 4 49 (17)
Realized/unrealized appreciation
(depreciation) of investments 2,165,066 365,068 (439,571) 769,955 39,659
Distributions to participants (544,460) (172,383) (167,982) (324,481) (8,521)
Loans issued to participants (715,506) (189,482) (257,890) (341,399) (42,567)
Loan principal repayments 661,167 170,545 253,968 330,104 44,341
Administrative expenses (7,326) (2,347) (2,476) (3,969) (393)
Interfund transfers (net) 452,305 (534,189) (533,833) (528,832) 625,392
Transfers from (to) related plans 37,452 39,233 9,997 8,394 1,438
------------ ------------ ------------ ------------ ------------
Increase (decrease) in net assets 3,768,305 172,312 (278,760) 786,644 824,714
------------ ------------ ------------ ------------ ------------
NET ASSETS APPLICABLE TO PARTICIPANTS'
EQUITY, end of year $ 11,255,975 $ 2,655,376 $ 2,906,921 $ 5,766,660 $ 824,714
============ ============ ============ ============ ============
<CAPTION>
Trump
Hotels &
Franklin Casino Participants'
Small Cap Resorts, Inc. Loans
Growth Fund Common Stock Receivable Other Total
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY,
beginning of year $ 0 $ 762,957 $ 4,959,794 $ 623,210 $ 45,397,032
------------ ------------ ------------ ------------ ------------
Contributions-
Participants 39,412 120,952 0 (25,039) 4,891,157
Plan Sponsor (net of forfeitures) 14,955 44,847 0 (304,468) 1,559,428
Participant Rollovers 0 12,364 0 0 161,314
------------ ------------ ------------ ------------ ------------
Total contributions 54,367 178,163 0 (329,507) 6,611,899
Dividend income 8,696 0 0 0 1,899,438
Interest income (13) 18,319 0 429,081 448,073
Realized/unrealized appreciation
(depreciation) of investments 52,610 (483,418) 0 0 4,108,653
Distributions to participants (2,128) (13,471) (305,576) 247,353 (3,327,614)
Loans issued to participants (6,313) (109,379) 3,336,801 (990) 0
Loan principal repayments 11,069 91,379 (2,567,218) (458,113) 0
Administrative expenses (40) (692) 0 (6,456) (80,701)
Interfund transfers (net) 495,500 380,711 (972) 97,692 0
Transfers from (to) related plans 0 1,563 33,223 (247,353) (46,372)
------------ ------------ ------------ ------------ ------------
Increase (decrease) in net assets
613,748 63,175 496,258 (268,293) 9,613,376
------------ ------------ ------------ ------------ ------------
NET ASSETS APPLICABLE TO PARTICIPANTS'
EQUITY, end of year $ 613,748 $ 826,132 $ 5,456,052 $ 354,917 $ 55,010,408
============ ============ ============ ============ ============
The accompanying notes to financial statements are an integral part of this statement.
</TABLE>
<PAGE>
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
---------------------------------------
NOTES TO FINANCIAL STATEMENTS
-----------------------------
(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Basis of Accounting-
--------------------
The accompanying financial statements of the Trump Plaza Hotel & Casino
Savings Plan (the "Plan") have been prepared on the accrual basis of
accounting.
Plan Expenses-
--------------
Expenses related to the administration of the Plan have been paid by Trump
Plaza Associates (the "Plan Sponsor"). These costs represent trustee fees
and professional services and amounted to approximately $54,000 in 1998.
Investments-
------------
The investments included in the statements of net assets applicable to
participants' equity are stated at market value. Market value, which is
equivalent to current value, is the unit valuation of the security at the
plan year-end as determined by The Chicago Trust Company, the trustee of
the Plan (the "Trustee"). Accounting records are maintained on the accrual
basis, investment transactions are recorded on the trade date basis and
gains and losses are calculated based upon an aggregate participant cost
that is maintained on an average unit cost basis.
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 amount of net assets and disclosure
of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.
Reclassifications-
------------------
Certain reclassifications have been made to prior year financial
statements to conform to the current year presentation.
(2) PLAN DESCRIPTION:
----------------
The following description of the Plan provides only general information.
Participants should refer to the Plan document for a more complete
description of the Plan's provisions.
<PAGE>
-2-
General-
--------
The Plan is a 401(k) Savings Plan, which was established by the Plan
Sponsor and became effective on November 1, 1986. All full or part-time
non-union employees become eligible for participation in the Plan on the
enrollment date immediately following the completion of 12 months of
service and the attainment of age 18.
The Plan is administered by a committee appointed by the Plan Sponsor (the
"Plan Administrator"). The Chicago Trust Company was appointed as the
trustee of the Plan by the Plan Administrator effective April 1, 1997.
Contributions-
--------------
Participants-
-------------
Non-highly compensated participants, as defined, are eligible to
voluntarily contribute to the Plan up to 15% of their annual compensation
(effective January 1, 1999, 20% of annual compensation), as defined.
Highly compensated participants, as defined, are eligible to voluntarily
contribute to the Plan up to 7% of their annual compensation, as defined.
Tax deferred contributions are subject to a limit by the Internal Revenue
Code. The 1998 limit was $10,000 per participant. Contributions to the
Plan are invested by the Trustee, as designated by the participant, in
increments of 5%.
Plan Sponsor-
-------------
The Plan Sponsor contributes to the Plan 50% of each participant's
contributions, not to exceed 3% of the participant's annual compensation,
as defined.
Participant Rollovers-
----------------------
The Plan permits eligible participants, as defined, to rollover cash or
other property acceptable to the Plan Administrator from another qualified
plan in addition to qualified voluntary participant contributions.
Distributions to Participants-
------------------------------
Each participant has a fully vested interest in the amount of his or her
contributions together with the allocable Plan earnings. Contributions
from the Plan Sponsor vest based on the vesting schedule described below.
The full value of the participant's vested interest in his or her account
in the Plan will be distributed upon termination of the participant's
employment. The normal form of payment is by lump sum; however, if a
participant's vested benefit from all contributions exceeds $5,000, a
participant has the right to receive payment in equal periodic monthly,
quarterly, semi-annual or annual installments over a period not to exceed
ten years.
A participant may also withdraw all or part of his or her account upon
attainment of age 59-1/2 or financial hardship, as defined in the Plan.
<PAGE>
-3-
Upon termination of employment prior to eligibility for retirement, a
participant is eligible to receive the vested balance in his or her
account. There were no payments due to participants who have requested to
withdraw their funds prior to December 31, 1998 or 1997.
Vesting-
--------
Voluntary contributions are fully vested at all times and are not subject
to forfeiture.
The Plan Sponsor's contributions vest based upon the participant's years
of continuous service as follows-
Years of Continuous Service Percentage Vested
--------------------------- -----------------
Less than two years 0%
Two years 25%
Three years 50%
Four years 75%
Five years or more 100%
Forfeitures-
------------
The portion of a former participant's account which is not distributed
because of the vesting provision will reduce the amount of the Plan
Sponsor's future contributions. During 1998, no forfeitures were used to
reduce Plan Sponsor contributions. As of December 31, 1998 and 1997,
$87,415 and $34,880 were available to reduce future Plan Sponsor
contributions, respectively.
Loans-
------
The Plan permits participants to borrow from their accounts at terms
established by the Plan Administrator. Participants may borrow up to the
lesser of $50,000 or 50% of their vested account balance for specific
reasons, as defined by the Plan. Each loan is secured by the borrower's
vested interest in the Plan and is subject to other requirements, as
defined. Interest on loans is charged at a rate that is comparable to
similar loans made by commercial lenders. Loans outstanding as of December
31, 1998 had interest rates ranging from 8.75% to 9.50%. Loan repayment
terms range up to five years (fifteen years if the loan was used to
purchase a primary residence). A small administrative fee is required to
process all loans.
(3) INVESTMENTS:
------------
Participants can invest their funds in twelve available investment
vehicles as described below-
Money Market Fund-
------------------
THE CHICAGO TRUST COMPANY STATED PRINCIPAL VALUE INVESTMENT TRUST FUND - A
money market equivalent account. This fund invests in short-term high
quality financial instruments issued by insurance companies and banks.
<PAGE>
-4-
Mutual Funds-
-------------
SOGEN INTERNATIONAL FUND - A multi-asset global mutual fund. The
investment objective and style of this fund is to provide long-term growth
of capital by investing primarily in common stocks of United States and
foreign companies.
MASSACHUSETTS INVESTORS TRUST FUND - A growth and income mutual fund. The
investment objective of this fund is to provide reasonable current income
and long-term growth of capital and income.
OPPENHEIMER QUEST VALUE FUND - An equity mutual fund. The investment
objective of this fund is to seek capital appreciation by investing
primarily in equity securities believed to be under valued in relation to
factors such as the companies' assets, earnings or growth potential.
OPPENHEIMER QUEST OPPORTUNITY VALUE FUND - An asset allocation mutual
fund. The investment objective and style of this fund is to seek long-term
capital appreciation by investing in stocks, bonds and cash equivalents.
MONTAG & CALDWELL GROWTH FUND - An equity growth mutual fund. The
investment objective of this fund is to seek long-term capital
appreciation consistent primarily with investments in a combination of
equity, convertible, fixed-income and short-term securities.
AIM CONSTELLATION FUND - An aggressive equity mutual fund. The investment
objective of this fund is to seek capital appreciation through investments
in common stocks, with emphasis on medium-sized and smaller emerging
growth companies.
TEMPLETON FOREIGN FUND - Mutual fund investing in virtually any type of
security in any country outside of the United States, in developed or
emerging markets. The fund's objective is long-term capital growth.
OPPENHEIMER QUEST CAPITAL VALUE FUND - An equity mutual fund. The
investment objective of this fund is to seek capital appreciation by
investing primarily in equity securities believed to be undervalued in
relation to factors such as the companies' assets, earnings, or growth
potential or cash flows. This fund also may invest in high-yield, non
investment grade bonds.
DAVIS NEW YORK VENTURE FUND - Mutual fund investing primarily in equity
securities of United States and foreign companies with the objective of
capital appreciation.
FRANKLIN SMALL CAP GROWTH FUND - Mutual fund investing in equity
securities of companies with a market capitalization of less than $1
billion.
Common Stock-
-------------
TRUMP HOTELS & CASINO RESORTS, INC. ("THCR") COMMON STOCK - This is the
common stock of the holding company that owns Trump Plaza Hotel & Casino,
Trump Taj Mahal Hotel & Casino, Trump Marina
Hotel & Casino and Trump Indiana, Inc.
<PAGE>
-5-
(4) TAX STATUS:
-----------
The Plan obtained its latest determination letter on August 18, 1994,
which covered all amendments through January 1, 1993, in which the
Internal Revenue Service stated that the Plan, as then designed, was in
compliance with the applicable requirements of the Internal Revenue Code.
The Plan has been amended since receiving the determination letter.
However, the Plan Administrator believes that the Plan is currently
designed and being operated in compliance with the applicable requirements
of the Internal Revenue Code. Therefore, they believe that the Plan was
qualified and the related trust was tax-exempt as of the financial
statement date.
(5) PLAN TERMINATION:
-----------------
While the Plan Sponsor has not expressed any intent to terminate the Plan,
the Plan Sponsor may do so at any time subject to the provisions of the
Employee Retirement Income Security Act of 1974. In the event of
termination, each participant is entitled to the value of his or her
separate account.
(6) RELATED PARTY TRANSACTIONS:
----------------------------
Certain Plan investments are shares of a money market fund managed by The
Chicago Trust Company. The Chicago Trust Company is the Trustee as defined
by the Plan and, therefore, these transactions qualify as
party-in-interest.
Certain Plan investments include shares of THCR common stock ("Common
Stock") and, therefore, these transactions qualify as party-in-interest.
As of December 31, 1998 and 1997, the Plan holds Common Stock, with a
market value of $826,132 and $762,957, respectively. During the year ended
December 31, 1998, Common Stock was acquired at a cost of $2,549,690; and
Common Stock was sold with an original cost basis of $2,076,717
The Plan Sponsor has sister companies that also sponsor similar Savings
Plans. Transactions between the Plan and plans sponsored by the sister
companies are as follows-
Transfers out of the Trump Marina Hotel & Casino Savings
Plan, net ($3,277)
Transfers out of the Trump Taj Mahal Hotel & Casino Savings
Plan, net (73,313)
Transfers out of the Trump Plaza Hotel & Casino Savings Plan,
net (46,372)
Transfers to the Trump Casino Services Savings Plan, net 21,277
Transfers to the Trump Indiana Savings Plan, net 101,685
---------
Net Related Plan Transfers $ 0
=========
(7) SUBSEQUENT EVENT:
-----------------
During 1999, the Plan and the Trump Indiana Savings Plan will merge with
the Trump Casino Services Savings Plan (the "TCS Plan"). The TCS Plan will
be renamed the Trump Savings Plan.
<PAGE>
SCHEDULE I
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
---------------------------------------
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
----------------------------------------------------------
AS OF DECEMBER 31, 1998
-----------------------
EMPLOYER IDENTIFICATION #22-2449800, PLAN NUMBER 001
----------------------------------------------------
<TABLE>
<CAPTION>
(c) Description of investment
(b) Identity of issue, including maturity date,
borrower, lessor or rate of interest, collateral, (e) Market
(a) similar party par or maturity value (d) Cost Value
- --- -------------------- ---------------------------------------------- ----------- ------------
<S> <C> <C> <C>
* The Chicago Trust Stated Principal Value
Company Investment Trust Fund, Money
Market Funds, 4,014,781 units
of participation $ 6,644,440 $ 7,031,086
----------- -----------
SoGen Funds SoGen International Fund,
Equity Securities, 47,556
units of participation 1,267,696 1,095,700
MFS Funds Massachusetts Investors Trust
Fund, Equity Securities,
478,231 units of
participation 8,040,983 9,684,178
Oppenheimer Quest Value Fund, Equity
Securities, 122,688 units of
participation 2,400,858 2,616,935
Oppenheimer Quest Opportunity Value Fund,
Equity and Debt Securities,
109,096 units of
participation 3,727,252 3,922,014
Montag Montag & Caldwell Growth Fund,
Equity Securities, 379,628
units of participation 8,503,818 11,255,975
AIM Funds, Inc. AIM Constellation Fund, Equity
Securities, 87,004 units of
participation 2,263,217 2,655,376
Templeton Funds, Templeton Foreign Fund, Equity
Inc. Securities, 346,474 units of
participation 3,555,470 2,906,921
Oppenheimer Quest Capital Value Fund,
Equity and Debt Securities,
169,958 units of participation 5,684,388 5,766,660
Davis Funds, Inc. Davis New York Venture Fund,
Equity Securities, 32,975
units of participation 767,627 824,714
Franklin Fund, Franklin Small Cap Growth Fund,
Inc. Equity Securities, 27,193
units of participation 542,566 613,748
----------- -----------
Total investment in mutual funds 36,753,875 41,342,221
----------- -----------
** Trump Hotels & Trump Hotels & Casino Resorts,
Casino Resorts, Inc. Common Stock, 220,302
Inc. shares 1,631,011 826,132
Participants' Interest rates ranging from
Loans 8.75% to 9.50% and maturities
ranging from 1999 through 2013 5,456,052 5,456,052
----------- -----------
$50,485,378 $54,655,491
=========== ===========
*Denotes party-in-interest
**Denotes related party
The accompanying notes to financial statements are an integral part of this schedule.
</TABLE>
<PAGE>
SCHEDULE II
TRUMP PLAZA HOTEL & CASINO SAVINGS PLAN
---------------------------------------
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
----------------------------------------------
FOR THE YEAR ENDED DECEMBER 31, 1998 (A)
----------------------------------------
EMPLOYER IDENTIFICATION #22-2449800, PLAN NUMBER 001
----------------------------------------------------
<TABLE>
<CAPTION>
(c) Purchase
(a) Identity of Party Involved (b) Description of Asset Price (d) Selling Price
- ----------------------------- ------------------------------------- -------------- -----------------
<S> <C> <C> <C>
The Chicago Trust Company Stated Principal Value Investment Trust Fund-
378 Purchases $7,632,383 N/A
561 Sales N/A $7,163,059
MFS Funds Massachusetts Investors Trust Fund-
348 Purchases 4,408,923 N/A
604 Sales N/A 3,457,428
Oppenheimer Quest Value Fund-
228 Purchases 1,404,610 N/A
398 Sales N/A 1,053,719
Oppenheimer Quest Opportunity Value Fund-
228 Purchases 1,535,218 N/A
509 Sales N/A 1,366,800
Montag Montag & Caldwell Growth Fund-
382 Purchases 5,633,056 N/A
658 Sales N/A 4,029,822
Templeton Funds Templeton Foreign Fund-
218 Purchases 1,395,488 N/A
510 Sales N/A 1,234,658
Oppenheimer Quest Capital Value Fund-
239 Purchases 1,566,258 N/A
551 Sales N/A 1,548,255
Trump Hotels & Casino Resorts, Trump Hotels & Casino Resorts, Inc. Common Stock -
Inc.
583 Purchases 2,549,690 N/A
458 Sales N/A 2,003,779
The Chicago Trust Company Loan Fund-
190 Purchases 3,381,701 N/A
200 Sales N/A 2,885,443
<CAPTION>
(h) Current Value of
(a) Identity of Party Involved (g) Cost of Asset Asset (i) Net Gain
on Transaction Date (Loss)
- ----------------------------- ------------------ ----------------------- -----------------
<S> <C> <C> <C>
The Chicago Trust Company $7,632,383 $7,632,383 N/A
7,018,957 7,163,059 $144,102
MFS Funds 4,408,923 4,408,923 N/A
3,248,826 3,457,428 208,602
Oppenheimer 1,404,610 1,404,610 N/A
946,679 1,053,719 107,040
Oppenheimer 1,535,218 1,535,218 N/A
1,252,173 1,366,800 114,627
Montag 5,633,056 5,633,056 N/A
3,519,262 4,029,822 510,560
Templeton Funds 1,395,488 1,395,488 N/A
1,335,545 1,234,658 (100,887)
Oppenheimer 1,566,258 1,566,258 N/A
1,679,041 1,548,255 (130,786)
Trump Hotels & Casino Resorts, 2,549,690 2,549,690 N/A
Inc. 2,076,717 2,003,779 (72,938)
The Chicago Trust Company 3,381,701 3,381,701 N/A
2,885,443 2,885,443 0
(A) Reportable transactions are those purchases and sales of the same security
which, individually or in the aggregate, exceed 5% of Plan assets at
January 1, 1998.
The accompanying notes to financial statements are an integral part of this schedule.
</TABLE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
-----------------------------------------
As independent public accountants, we hereby consent to the incorporation of our
report included in this Form 11-K into the Trump Hotels & Casino Resorts, Inc.
previously filed Form S-8 Registration Statement No. 333-2201.
ARTHUR ANDERSEN LLP
Roseland, New Jersey
June 10, 1999
