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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
/X / ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED].
For the fiscal year ended December 31, 1993
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 1-1169
VOLUNTARY INVESTMENT PENSION PLAN FOR
HOURLY EMPLOYEES OF THE TIMKEN COMPANY
(the "Plan")
(Full title of the Plan)
THE TIMKEN COMPANY, 1835 Dueber Avenue, S.W., Canton, Ohio 44706
(Name of issuer of the securities held pursuant to
the Plan and the address of its principal executive office)
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REQUIRED INFORMATION
Audited financial statements and schedules for the Plan prepared
in accordance with the financial reporting requirements of the
Employee Retirement Income Security Act of 1974, as amended, are
filed herewith in lieu of an audited statement of financial
condition and statement of income and changes in plan equity.
Financial Statements and Exhibits
A) The following financial statements and schedules are being
filed separately in paper format under cover of Form SE
pursuant to Item 311(c) of Regulation S-T and General
Instruction E to Form 11-K:
1) Statements of Assets Available for Plan Benefits -
December 31, 1993 and 1992
2) Statements of Changes in Assets Available for Plan
Benefits - December 31, 1993 and 1992
3) Schedules
a) Assets Held for Investment - December 31, 1993
b) Transactions or Series of Transactions in Excess of
5% of the Current Value of Plan Assets - Year Ended
December 31, 1993
B) The following exhibit is filed as part of this annual report:
Exhibit No. 23 ..... Consent of Independent Auditors
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SIGNATURES
The Plan. 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 their behalf by the undersigned
hereunto duly authorized.
VOLUNTARY INVESTMENT PENSION
PLAN FOR HOURLY EMPLOYEES OF
THE TIMKEN COMPANY
Date June 24, 1994 By STEPHEN A. PERRY
Stephen A. Perry
Vice President - Human
Resources & Logistics
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REPORT OF INDEPENDENT AUDITORS
The Timken Company, Administrator
of the Voluntary Investment Pension
Plan for Hourly Employees of
The Timken Company
We have audited the accompanying statements of assets available
for plan benefits of the Voluntary Investment Pension Plan for
Hourly Employees of The Timken Company as of December 31, 1993
and 1992, and the related statements of changes in assets
available for plan 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 plan benefits of the Plan at December 31, 1993 and 1992, and
the changes in its assets available for plan benefits for the
years then ended, in conformity with generally accepted
accounting principles.
Our audits were made for the purpose of forming an opinion on the
financial statements taken as a whole. The accompanying
supplemental schedules of assets held for investment as of
December 31, 1993 and transactions or series of transactions in
excess of 5% of the current value of plan assets 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 financial statements.
The supplemental schedules have been subjected to the auditing
procedures applied in our audit of the 1993 financial statements
and, in our opinion, are fairly stated in all material respects
in relation to the 1993 financial statements taken as a whole.
ERNST & YOUNG
Canton, Ohio
June 6, 1994<PAGE>
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FORM 11-K
INDEX TO EXHIBITS
EXHIBIT NO. PAGE NO.
23 Consent of Independent Auditors 6
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Exhibit 23
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration
Statement (Form S-8 No. 33-54452) pertaining to the Voluntary
Investment Pension Plan for Hourly Employees of The Timken Company
of our report dated June 6, 1994, with respect to the financial
statements and schedules of the Voluntary Investment Pension Plan
for Hourly Employees of The Timken Company included in this Annual
Report (Form 11-K) for the year ended December 31, 1993.
ERNST & YOUNG
Canton, Ohio
June 24, 1994
