FORM 11-K
[ X ] ANNUAL REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (FEE REQUIRED)
For the Fiscal Year Ended March 31, 1995
OR
[ ] TRANSITION REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
For the Transition Period from ___ to ___
Commission File Number 1-5571
------
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
(full title of plan)
TANDY CORPORATION
1800 One Tandy Center
Fort Worth, Texas 76102
(Name of issuer and address of principal executive office)
Index to Exhibits is on sequential page number 20
<PAGE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
REPORT OF EXAMINATION
MARCH 31, 1995
<PAGE>
C O N T E N T S
Page
CERTIFIED PUBLIC ACCOUNTANT'S REPORT . . . . . . . . . 4
STATEMENT OF FINANCIAL CONDITION . . . . . . . . . . . 5
STATEMENT OF INCOME AND CHANGES IN PLAN EQUITY . . . . 6
NOTES TO FINANCIAL STATEMENTS . . . . . . . . . . . . 7-16
ADDITIONAL INFORMATION . . . . . . . . . . . . . . . .17-18
SIGNATURE PAGE . . . . . . . . . . . . . . . . . . . . 19
INDEX TO EXHIBITS . . . . . . . . . . . . . . . . . . 20
EXHIBIT 23 - CONSENT OF INDEPENDENT ACCOUNTANT . . . . 21
<PAGE>
The Administrative Committee and Participants of
Tandy Employees Deferred Salary and Investment Plan
Fort Worth, Texas
INDEPENDENT AUDITOR'S REPORT
----------------------------
I have audited the accompanying statement of financial
condition of the Tandy Employees Deferred Salary and
Investment Plan as of March 31, 1995 and 1994, and the
related statement of income and changes in the plan equity
for the years ended March 31, 1995,1994 and 1993. These
financial statements are the responsibility of the Plan's
management. My responsibility is to express an opinion on
these financial statements based on my audit.
I conducted my audit in accordance with generally accepted
auditing standards. Those standards require that I 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. I believe that my audit provides a
reasonable basis for my opinion.
In my opinion, the financial statements referred to above
present fairly, in all material respects, the financial
status of the Tandy Employees Deferred Salary and Investment
Plan as of March 31, 1995 and 1994, and results of its
changes therein for the years ended March 31, 1995, 1994 and
1993, in conformity with generally accepted accounting
principles.
My audit was made 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 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 supplemental
schedules have been subjected to the auditing procedures
applied in the audit of the basic financial statements and,
in my opinion, are fairly stated in all material respects in
relation to the basic financial statements taken as a whole.
/s/ Curtis B. Morrison
CURTIS B. MORRISON, CPA
Fort Worth, Texas
June 21, 1995
<PAGE>
<TABLE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
STATEMENT OF FINANCIAL CONDITION
MARCH 31, 1995 AND 1994
PLAN ASSETS
-----------
<CAPTIONS>
1995 1994
---------------- --------------
<S> <C> <C>
Investment in Securities of
Participating Employer (Note B):
Common Stock (Cost $70,040,539.50
in 1995 and $75,101,623.57 in 1994) $ 94,180,767.50 $76,537,044.00
--------------- --------------
Investments in Securities of Unaffiliated
Issuers (Note B):
Marketable Securities -
Common Stock (Cost $0 in 1995 and
$152,384.50 in 1994) $ 0 $ 116,382.50
Other Securities - Short Term
Money Market Fund (Cost $2,420,251.65
in 1995 and $3,255,538.89 in 1994) 2,420,251.65 3,255,538.89
--------------- --------------
$ 2,420,251.65 $ 3,371,921.39
--------------- --------------
Contributions Receivable:
Employees - Tandy Employees Deferred
Salary and Investment Plan $ 420,393.00 $ 597,036.41
--------------- --------------
Accrued Receivables:
Interest $ 36,255.88 $ 33,159.01
Due from Other 489.90 505.46
--------------- --------------
$ 36,745.78 $ 33,664.47
--------------- --------------
Notes Receivable from Participants
(Note A) $ 4,422,574.45 $ 3,832,596.10
--------------- --------------
$101,480,732.38 $84,372,262.37
=============== ==============
LIABILITIES AND PLAN EQUITY
Liabilities
Due to Participants $ 60,566.39 $ 0
Due to Trustee 1,525.04 0
Plan Equity:
Participants Interest in Tandy
Employees Deferred Salary and
Investment Plan $101,418,640.95 $84,372,262.37
--------------- --------------
$101,480,732.38 $84,372,262.37
=============== ==============
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
STATEMENT OF INCOME AND CHANGES IN PLAN EQUITY
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
<CAPTIONS>
1995 1994 1993
--------------- -------------- --------------
<S> <C> <C> <C>
Investment Income:
Interest-Other $ 446,900.20 $ 372,716.10 $ 323,889.74
Dividends-Participating
Employer 1,290,766.29 1,393,529.55 1,404,561.15
--------------- -------------- --------------
$ 1,737,666.49 $ 1,766,245.65 $ 1,728,450.89
Less:Interest Expense 0 0 0
--------------- -------------- --------------
$ 1,737,666.49 $ 1,766,245.65 $ 1,728,450.89
--------------- -------------- --------------
Realized Gain (Loss) on
Securities (Note C):
Employer Securities $ 307,444.92 $ 1,208,857.50 $ 0
Other Securities < 25,491.28> <150,646.16> $ 0
--------------- -------------- --------------
$ 281,953.64 $ 1,058,211.34 $ 0
--------------- -------------- --------------
Increase (Decrease) in
Unrealized Appreciation
of Investments (Note E):$ 22,740,809.57 $15,571,067.71 $<1,792,939.20>
--------------- -------------- --------------
Contributions (Note A):
Employee $ 8,680,292.24 $ 8,772,070.83 $ 9,958,157.88
--------------- -------------- --------------
Other Additions:
Appreciation(Depreciation)
in Value over Cost
Distributed in
Withdrawals $ 103,049.72 $ 9,139.70 $ <116,721.83>
--------------- -------------- --------------
TOTAL $ 33,543,771.66 $27,176,735.23 $ 9,776,947.74
Less:
Withdrawals of
Participants' Interest 16,497,393.08 20,021,966.69 9,104,609.74
--------------- -------------- --------------
Net Increase (Decrease)
in Plan for the Years
Ending 3-31-95/94/93 $ 17,046,378.58 $ 7,154,768.54 $ 672,338.00
Plan Equity at Beginning
of Year 4-1-94/93/92 84,372,262.37 77,217,493.83 76,545,155.83
--------------- -------------- --------------
Plan Equity at End of
Year 3-31-95/94/93 $101,418,640.95 $84,372,262.37 $77,217,493.83
=============== ============== ==============
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
NOTE A - DESCRIPTION OF THE PLAN
The following description of the Tandy Employees Deferred
Salary and Investment Plan (the "Plan") provides only general
information. Participants should refer to the Plan
prospectus, the DIP/TESOP summary plan description or the
Plan document for a more complete description of the Plan's
provisions.
General
-------
The Plan is a defined contribution plan covering employees of
the Company who have completed one year of service, of not
less than 1,000 hours per year.
The Plan is subject to Titles I and II of the Employee
Retirement Income Security Act of 1974 (ERISA) relating to
the protection of employee benefit rights and amendments to
the Internal Revenue Code, respectively, but is not subject
to Title IV, relating to plan termination insurance coverage,
and such insurance will not be extended to participants in
the Plan in the future.
Contributions
-------------
A participant defers 5% of his gross salary (up to the
maximum contribution allowed by the Internal Revenue Code)
which the Company pays into the Plan as a salary reduction
contribution for the account of the participant.
For periods prior to October 1, 1990, the Company contributed
to the Plan an amount equal to 80% of the salary reduction
contributions of the participant. These Company contributions
were terminated effective October 1, 1990, the date of
commencement of Company contributions under the Tandy
Employees Stock Ownership Plan (TESOP), a noncontributory
employee stock ownership plan established by the Company on
June 29, 1990 (to be effective April 1, 1990).
A participant is not subject to current federal income
taxation on his deferred contributions to the Plan.
<PAGE>
<TABLE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
NOTE A - DESCRIPTION OF THE PLAN (continued)
The following is a schedule of employee and employer contributions:
<CAPTIONS>
1995 1994 1993
-------------- -------------- --------------
<S> <C> <C> <C>
Employee-
Deferred Salary $ 8,680,292.24 $ 8,772,070.83 $ 9,958,157.88
============== ============== ==============
</TABLE>
Participants' Accounts
----------------------
Participants' accounts are valued as of the last day of each
March, June, September and December. Each participant is
mailed a quarterly statement showing his contributions to
date, Company contributions to date, total contributions to
date and the market value of his account. Each participant is
also mailed a copy of the annual report of Tandy Corporation,
any SPP/Plan prospectus incorporated by reference into the
registration statement on Form S-8 or an appendix to the
prospectus, any material amendment made to any revised
summary plan description booklet and the summary annual
report. New participants also receive the latest prospectus.
Vesting
-------
The participants' accounts are fully vested at the end of
each calendar quarter, except for amounts credited to the
account because of fraud or mistake of fact.
Payments of Benefits
--------------------
The taxable portion of a "lump-sum distribution" and certain
"partial distributions" may not be subject to tax upon
receipt by a participant if the distribution is rolled over
into an IRA or another qualified plan within the prescribed
time period. If a lump-sum distribution is not rolled over, a
special 5-year averaging tax (intended to minimize the tax
burden) may be available for some participants with respect
to the taxable portion of such distribution. As a general
rule, only one lump- sum distribution which is received after
attaining age 59-1/2 is eligible for the special 5-year
averaging (computed under the tax rates contained in the Tax
Reform Act of 1986) or the 10-year averaging (computed under
prior law tax rates).
<PAGE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
NOTE A - DESCRIPTION OF THE PLAN (continued)
If a lump-sum distribution consists in part of securities of
Tandy Corporation and InterTAN Inc., the portion of such
distribution which represents net unrealized appreciation of
such securities will not be currently taxable to the
recipient for federal income tax purposes (although a
participant may elect to include such appreciation in income,
if desired). Upon a subsequent disposition of such
securities, gain or loss will be determined generally by
reference to their basis when they were acquired by the Plan.
An additional 10% income tax is imposed on certain early
distributions included in gross income prior to attaining age
59-1/2, death or disability. The value of a participant's
interest in the Plan is includable in his gross estate upon
his death.
Loans to Participants
---------------------
Effective October 1, 1990, a participant may borrow up to 50%
of his or her account value in the Plan not to exceed the
lesser of: 1) $50,000.00, or 2) an amount that can be fully
repaid by payroll deduction payments that do not exceed 25%
of the participant's regular gross wages. The minimum loan
amount is $500.00, to be repaid through authorized payroll
deductions. The term of a loan is not less than six months
(or multiples of six months) and not more than five years.
The interest rate of the loan is fixed by the Administrative
Committee and based on the interest rate currently being
charged for similar commercial loans. A portion, not to
exceed 50%, of the participant's dollar value interest in the
Plan is pledged as collateral for the amount of principal,
interest and any collection costs which may be owed to the
Plan.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Valuation of Securities
-----------------------
All securities except Tandy Corporation common stock are
valued at the closing price according to the respective stock
exchanges.
Tandy Corporation stock is valued at the closing price on the
New York Stock Exchange less 1/4 point.
All other securities are valued at cost.
<PAGE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
<TABLE>
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
SCHEDULE OF INVESTMENTS IN SECURITIES OF
----------------------------------------
PARTICIPATING EMPLOYER
----------------------
<CAPTIONS>
NO. OF VALUE
SHARES COST 3-31-95
------ -------------- --------------
COMMON STOCK
------------
Industrial
----------
<S> <C> <C> <C>
Tandy Corporation
Common Stock 1,982,753 $70,040,539.50 $94,180,767.50
============== ==============
</TABLE>
<TABLE>
SCHEDULE OF INVESTMENTS IN SECURITIES OF
----------------------------------------
UNAFFILIATED ISSUERS
--------------------
MARKETABLE SECURITIES
---------------------
<CAPTIONS>
OTHER SECURITIES
----------------
<S> <C> <C>
Money Market Fund
-----------------
Short-Term Money Market Fund
AIM Short-Term Investments Co. $ 2,420,251.65 $ 2,420,251.65
=============== ==============
</TABLE>
Contributions
-------------
Contributions from participants are accrued in the period in
which they are deducted in accordance with salary deferral
agreements, and as such, become obligations of the Company.
Income Tax Status
-----------------
The Plan is a qualified plan under Section 401 of the
Internal Revenue Code and is exempt from federal income taxes
under Section 501.
<PAGE>
<TABLE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
NOTE C - REALIZED GAIN ON SECURITIES
The realized gain or loss from the sale of securities was as
follows:
<CA[TOPMS>
1995 1994 1993
------------- ------------- ---------
<S> <C> <C> <C>
Participating Employer
Securities:
Sales Price $4,052,345.00 $8,959,162.50 $ 0
Less Cost (Avg Cost) 3,744,900.08 7,750,305.00 0
------------- ------------- ---------
Net Gain (Loss) $ 307,444.92 $1,208,857.50 $ 0
============= ============= =========
Unaffiliated Issuers'
Securities:
Sales Price $ 125,591.18 $ 700,426.48 $ 0
Less Cost (Avg Cost) 151,082.46 851,072.64 0
------------- ------------- ---------
Net Gain (Loss) $ < 25,491.28> $ <150,646.16> $ 0
============= ============= =========
</TABLE>
The realized gain or loss on the sale of securities for
financial statement reporting is prepared in conformity with
generally accepted accounting principles which differ from
the principles for income tax reporting.
Generally accepted accounting principles measure gain or loss
as the difference between the securities' sale price and its
average historical cost. The gain or loss for income tax
reporting is the difference between the securities' sale
price and its current value at the beginning of the plan
year.
A participant's account is increased or decreased by the
realized gain or loss recognized under generally accepted
accounting principles.
NOTE D - UNIT VALUE
Valuation
Quarter Ending Number of Units per Unit
-------------- --------------- ---------
March 31, 1994 78,698,915.3509 $1.0720893
June 30, 1994 72,261,660.0042 1.0273351
September 30, 1994 71,778,308.5701 1.2704129
December 31, 1994 69,976,653.0928 1.4720499
March 31, 1995 71,703,789.8705 1.4152771
<PAGE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
<TABLE>
NOTE E - UNREALIZED APPRECIATION
The following reflects the increase (decrease) iN unrealized appreciation:
<CAPTIONS>
1995 1994 1993
-------------- --------------- ----------------
<S> <C> <C> <C>
Unrealized
Appreciation
3-31-95/94/93 $24,140,228.00 $ 1,399,418.43 $<14,171,649.28>
Unrealized
Appreciation
4-1-94/93/92 1,399,418.43 <14,171,649.28> <12,378,710.08>
-------------- --------------- ----------------
Change in
Unrealized
Appreciation
3-31-95/94/93 $22,740,809.57 $ 15,571,067.71 $ <1,792,939.20>
============== =============== ================
</TABLE>
The unrealized appreciation or depreciation of securities
held for investment for financial statement reporting were
prepared in conformity with generally accepted accounting
principles which differ from the principles for income tax
reporting.
Generally accepted accounting principles measure unrealized
appreciation or depreciation as the difference between the
securities' market value at the Plan's year end and its
historical cost. The unrealized appreciation or depreciation
for income tax reporting is the difference between the
securities' market value at the plan year end and its current
value at the beginning of the plan year.
A participant's account is increased or decreased by the
unrealized appreciation or depreciation recognized under
generally accepted accounting principles.
NOTE F - RELATED PARTY TRANSACTIONS
During 1993 common stock of Tandy Corporation was acquired
from the Tandy Employees Investment Plan at its current
market value on the transaction date in the amount of
$1,077,063.00. During 1995 and 1994 common stock of Tandy
Corporation was sold to Tandy Corporation at its current
market value on the transaction date in the amount of
$4,052,345.00 and $7,750,305.00, respectively.
<PAGE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED MARCH 31, 1995, 1994 AND 1993
NOTE G - CHANGES IN PLAN
See the attached amendments which were made to the Plan
during the 1995 Plan year.
NOTE H - ADMINISTRATION OF PLAN ASSETS
The Plan's assets are held by the Trustee of the Plan.
Contributions from participants are held and managed by the
Trustee, which invests cash received, interest, and dividend
income and makes distributions to the participants.
Certain administrative functions are performed by employees
of the Company with no compensation from the Plan.
Administrative expenses and Trustee fees are paid directly by
Tandy Corporation.
<PAGE>
AMENDMENT XLX
TO THE
FOURTH RESTATED TRUST AGREEMENT
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
This Amendment made on the 24th day of February, 1995 between
Tandy Corporation, a corporation duly organized and existing
under the laws of the State of Delaware, with its principal
place of business at Fort Worth, Tarrant County, Texas,
hereinafter called "Company," and Bank One, Texas, NA
hereinafter called "Trustee;"
WHEREAS, on the 25th day of August 1992, Company and Trustee
entered into an agreement named the Fourth Restated Trust
Agreement Tandy Employees Deferred Salary and Investment Plan
(the "Plan"); and
WHEREAS, Company and Trustee desire to make certain
amendments to the Plan.
NOW, THEREFORE, the parties hereby agree to amend the Plan as
follows:
I
The first sentence of Section 4.01(b) is hereby amended,
effective April 1, 1994, to read as follows:
For purposes of this Plan, the term "gross salary
and wages" is defined as all compensation paid in
cash, including bonuses, which is subject to
withholding on IRS Form W-2; provided, however,
that "gross salary and wages" for (a) any Plan year
beginning on or after April 1, 1989 and ending on
or before March 31, 1994, shall not exceed $200,000
(as adjusted by the Secretary of Treasury) and (b)
any Plan Year beginning on or after April 1, 1994,
shall not exceed $150,000 (as adjusted by the
Secretary of Treasury).
II
Section 4.01(b) is hereby amended, effective April 1,
1994, by replacing the term "$200,000 limit" each place it
appears with the term "$200,000/$150,000 limit."
III
The last parenthetical in Section 4.07(b)(i) and Section
4.07(c)(i) are hereby amended, effective April 1, 1989, to
read as follows:
(including deferred salary contributions under any
tax-qualified plan described in Code section 401(a)
or any cafeteria plan described in Code Section
125)
<PAGE>
IV
Section 4.03 is hereby amended, effective October 1,
1990, by adding a new paragraph at the beginning thereof to
read as follows:
Effective as of the date the Tandy Employees
Stock Ownership Plan ("TESOP") begins to accept
participants, i.e., October 1, 1990, no more
Company Contributions shall be made to the Plan.
V
Article VI is hereby amended, effective January 1, 1993,
by adding a new section 6.11 thereto to read as follows:
6.11 Right to Have Accounts Transferred. Effective
January 1, 1993, notwithstanding any provision of
the Plan to the contrary that would otherwise limit
an "eligible distributee" election under this
section, an eligible distributee may elect, at the
time and in the manner prescribed by the
Administrative Committee, to have any part of an
"eligible rollover distribution" paid directly to
an "eligible retirement plan" specified by the
eligible distributee in a "direct rollover."
"Eligible rollover distribution" means any
distribution of all or any part of the Account
balances of the eligible distributee. However, an
eligible rollover distribution shall not include:
any installment payments from the Plan if paid for
ten years or more; any distribution required to be
distributed because of a Participant's required
beginning date; and the part of any distribution
that is not includible in gross income (determined
without regard to the exclusion for net unrealized
appreciation with respect to employer securities).
"Eligible retirement plan" means an individual
retirement account described in Section 408(a) of
the Code, an individual retirement annuity
described in Section 408(b) of the Code, or a
qualified trust described in Section 401(a) of the
Code, that accepts the eligible distributee's
rollover distribution. However, in the case of an
eligible rollover distribution to a Participant's
surviving spouse, an eligible retirement plan shall
only be an individual retirement account or
individual retirement annuity. An "eligible
distributee" means an Employee or former Employee.
In addition, the Employee's or former Employee's
surviving spouse and the Employee's or former
Employee's spouse who is the alternate payee under
a qualified domestic relations order are eligible
distributees with regard to the interest of the
spouse or former spouse. A "direct rollover" means
a payment by the Plan to an eligible retirement
plan specified by the eligible distributee.
<PAGE>
VI
The first paragraph of Section 11.05 is hereby amended,
effective April 1, 1988, by adding to the end thereof a
sentence to read as follows:
For purposes of this section with respect to Plan
years beginning after March 31, 1988, (a) any
employer matching contributions under the Plan or
any other defined contribution plan of any
Affiliated Business used to satisfy the
nondiscrimination tests of Code Section 401(k) and
401(m) and (b) any employer contributions
attributable to a cash or deferred salary reduction
agreement are included in determining employer
contributions made on behalf of Key Employees, but
are not included as employer contributions to
satisfy the minimum required contribution for
non-Key Employees.
VII
The last sentence of Section 11.05 is hereby amended,
effective April 1, 1994, by replacing "$200,000" with "(a)
for Plan Years beginning on or after April 1, 1989 and ending
on or before March 31, 1994, $200,000 (as adjusted by the
Secretary of the Treasury) and (b) for Plan Years beginning
on or after April 1, 1994, "$150,000 (as adjusted by the
Secretary of the Treasury)."
IN WITNESS WHEREOF, Company and Trustee have caused this
Amendment to be executed by their duly appointed officers and
their corporate seals to be hereunto affixed.
Attest: (SEAL) TANDY CORPORATION
/S/ Jana Freundlich /S/ R L Ramsey
_____________________ ________________________
Jana Freundlich Richard L. Ramsey
Assistant Secretary Vice President and
Controller
Attest: (SEAL) BANK ONE, TEXAS, NA
D James J C White
_________________________ ________________________
Vice President and Vice President and
Trust Officer Trust Officer
dip.a
<PAGE>
ADDITIONAL INFORMATION
<PAGE>
TANDY EMPLOYEES DEFERRED SALARY AND INVESTMENT PLAN
FORT WORTH, TEXAS
ADDITIONAL INFORMATION
MARCH 31, 1995
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
<TABLE>
<CAPTIONS>
Description Current
Issuer of Investment Cost Value
------ ------------- ---- -------
<S> <C> <C> <C>
*Tandy Corporation Common Stock $70,040,539.50 $94,180,767.50
-------------- --------------
Participant Loans Interest Rate
7% - 11% $ 0 $4,422,574.45
-------------- --------------
AIM Short-Term Short-Term
Investments Co. Money Market
Fund - Fluc-
tuating rate
of interest $ 2,420,251.65 $ 2,420,251.65
-------------- --------------
</TABLE>
*Party-in-Interest to Plan.
<TABLE>
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
<CAPTIONS>
Identity Description
of Party of Purchase Selling Lease
Involved Transaction Price Price Rental
-------- ----------- --------------- -------------- ------
<S> <C> <C> <C> <C>
a. Plan Purchase of $ 16,488,657.31 $0 $0
Trustee Common Trust
Fund
b. Plan Sales of $ 17,319,140.82 $17,319,140.82 $0
Trustee Common Trust
Fund
</TABLE>
<TABLE>
<CAPTIONS>
Expenses
Incurred Cost Current Gain or
with of Value <Loss>
Transaction Asset of Asset Transaction
------------ -------------- -------------- ------------
<S> <C> <C> <C>
$0 $16,488,657.31 $16,488,657.31 $0
$0 $17,319,140.82 $17,319,140.82 $0
</TABLE>
<PAGE>
SIGNATURES
The Plan: Pursuant to the requirements of the Securities
Exchange Act of 1934, the Administrative Committee has duly
caused this annual report to be signed by the undersigned
hereunto duly authorized.
TANDY EMPLOYEES DEFERRED SALARY AND
INVESTMENT PLAN
By /S/ M. Moad
-----------------------------
M. Moad
Administrative Committee Member
By /S/ D. Johnson
-----------------------------
D. Johnson
Administrative Committee Member
Date
---------------------------
<PAGE>
Index to Exhibits
Exhibit Description Page
Number of Exhibit Number
------- ----------- -------
23 Consent of 21
Independent
Accountant
<PAGE>
EXHIBIT 23
CONSENT OF INDEPENDENT ACCOUNTANT
---------------------------------
I consent to the incorporation of my report dated March 31,
1995, accompanying the financial statements included in this
annual report on Form 11-K, in the prospectus forming part of
Tandy Corporation's registration statement on Form S-8 for
its Tandy Employees Deferred Salary and Investment Plan.
/S/ Curtis B. Morrison, C.P.A.
CURTIS B. MORRISON, CPA
Fort Worth, Texas
June 21, 1995
