SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-K/A
AMENDMENT #1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
Commission File Number 1-6926
C. R. BARD, INC.
(Exact name of registrant as specified in its charter)
New Jersey 22-1454160
(State of incorporation) (I.R.S. Employer Identification No.)
730 Central Avenue
Murray Hill, NJ 07974
(Address of principal executive offices)
Registrant's telephone number,
including area code: (908) 277-8000
Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange
Title of each class on which registered
Common Stock - $.25 par value New York Stock Exchange
<PAGE>
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.
Yes [X] No [ ]
Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not
be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part
III of this Form 10-K or any amendments to this Form 10-K.
Yes [X] No [ ]
The aggregate market value of the voting stock held by
nonaffiliates of the registrant was approximately $1,560,700,000
based on the closing price of stock traded on the New York Stock
Exchange on February 28, 1997. As of February 28, 1997, there were
57,011,717 shares of Common Stock, $.25 par value per share,
outstanding.
The Company's definitive Proxy Statement dated March 7, 1997 has
been incorporated by reference with respect to certain information
contained therein in Part III and Part IV of this Form 10-K. The
exhibit index is located in Part IV, Item 14, page IV-1.
The undersigned registrant hereby amends the following items,
financial statements, exhibits or other portions of its Annual
Report on Form 10-K for the year ended December 31, 1996 as set
forth in the pages attached hereto.
Exhibit 14 Exhibits, Financial Statement Schedules and Reports
on Form 8-K.
The following financial statements with respect to the Employees'
Retirement Savings Plan of C. R. Bard, Inc. (the "Retirement
Savings Plan") are filed herewith as Exhibit 99(a) pursuant to Rule
15d-21 under the Securities Exchange Act of 1934, in lieu of filing
on Form 11-K:
(a) Report of Independent Public Accountants
(b) Statements of Net Assets Applicable to
Participants' Equity as of December 31, 1996
and 1995
<PAGE>
(c) Statement of Changes in Net Assets Applicable
to Participants' Equity for the Year Ended
December 31, 1996
(d) Notes to Financial Statements
Exhibit 23 Consent of Arthur Andersen LLP
The Retirement Savings Plan is subject to the Employee Retirement
Income Security Act of 1974, as amended, and the foregoing
financial statements are filed in lieu of the financial statements
required by Items 1, 2 and 3 of Form 11-K.
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this registration statement to
be signed on its behalf by the undersigned, thereto duly
authorized.
C. R. BARD, INC.
(Registrant)
By: William C. Bopp /s/
William C. Bopp
Executive Vice President and
Chief Financial Officer
June 27, 1997
EXHIBIT 23
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
To C. R. Bard, Inc.:
As independent public accountants, we hereby consent to the
incorporation by reference of our report dated January 24, 1997,
included in this Form 10-K/A, into C. R. Bard, Inc.'s previously
filed Registration Statements (i) on Form S-8 for the Employees'
Retirement Savings Plan of C. R. Bard, Inc., the 1990 Employee Stock Option
Plan, as amended, Registration No. 33-35544, the C. R. Bard, Inc.,
1988 Directors Stock Award Plan, as amended, the 1993 Long Term Incentive
Plan of C. R. Bard, Inc., Registration No. 33-64874, the 1993 Long Term
Incentive Plan of C. R. Bard, Inc., Registration No. 333-07189 and
the MedChem Products, Inc. 1994 Stock Option Plan, MedChem
Products, Inc. 1993 Stock Option Plan, MedChem Products, Inc. 1993
Spin-Off Stock Option Plan, MedChem Products, Inc. 1993 Director
Stock Option Plan and MedChem Products, Inc. Amended and Restated
Stock Option Plan, all formerly maintained by MedChem Products,
Inc., Registration No. 33-63147, and (ii) on Form S-3, Registration
No. 333-05997.
/s/ ARTHUR ANDERSEN LLP
Roseland, New Jersey
June 27, 1997
EXHIBIT 99(a)
Employees' Retirement Savings Plan Of
C. R. Bard, Inc.
Financial Statements As Of December 31, 1996 And 1995
Together With
Report of Independent Public Accountants
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Retirement Committee of the Employees' Retirement Savings
Plan of C. R. Bard, Inc.:
We have audited the accompanying statements of net assets
applicable to participants' equity of the Employees' Retirement
Savings Plan of C.R. Bard, Inc. as of December 31, 1996 and 1995,
and the related statement of changes in net assets applicable to
participants' equity 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 applicable to
participants' equity as of December 31, 1996 and 1995, and the
changes in net assets applicable to participants' equity for the
year ended December 31, 1996, 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 statement of changes in net assets applicable to
participants' equity is presented for purposes of additional
analysis rather than to present 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.
Roseland, New Jersey
June 2, 1997
<PAGE>
<TABLE>
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C.R. BARD, INC.
STATEMENTS OF NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY
AS OF DECEMBER 31, 1996 AND 1995
<CAPTION>
1996 1995
<S> <C> <C>
ASSETS
Investments - at fair value
Bard Common Stock Fund $ 36,663,795 $ 40,939,025
Guaranteed Investment Fund 23,608,516 24,332,686
Diversified Common Stock Fund 38,452,475 24,024,500
Short-Term Investment Fund 3,086,936 2,526,405
U.S. Treasury Fund 3,325,419 2,562,072
Participant Loans 2,102,237 1,802,395
Total investments $107,239,378 $ 96,187,083
Accrued interest and dividends
receivable 82,801 82,026
Total assets $107,322,179 $ 96,269,109
LIABILITIES:
Due to broker 199,859 237,977
Net assets applicable to participants
equity $107,122,320 $ 96,031,132
<FN>
</TABLE>
The accompany notes to financial statements
are an integral part of these statements.
<PAGE>
<TABLE>
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC.
STATEMENT OF CHANGES IN NET ASSETS
APPLICABLE TO PARTICIPANTS' EQUITY
FOR THE YEAR ENDED DECEMBER 31, 1996
<CAPTION>
Bard
Common Guaranteed Diversified Short-Term U.S.
Stock Investment Common Investment Treasury
Fund Fund Stock Fund Fund Fund
<S> <C> <C> <C> <C> <C>
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
beginning of year $40,939,025 $24,332,686 $24,024,500 $2,526,405 $2,562,072
ADDITIONS
Employer contributions 3,112,179 0 0 0 0
Employee contributions 2,598,720 2,477,221 5,346,429 1,557,784 538,253
Transfers in from merged
plan 0 0 0 2,594,656 0
Realized gain on invest-
ments sold 1,122,660 0 2,589,529 0 0
Interest and dividend
income 847,085 1,520,718 1,095,010 160,411 190,436
Net appreciation of in-
vestments 0 0 2,989,580 0 0
Loans advanced, net of
repayments (69,300) (137,928) (71,326) (7,551) (2,859)
7,611,344 3,860,011 11,949,222 4,305,300 725,830
DEDUCTIONS
Disbursements to parti-
cipants 4,289,464 2,711,136 3,053,619 632,545 317,283
Realized loss on invest-
ments sold 0 0 0 0 20,434
Net depreciation of in-
vestments 6,650,700 0 0 0 14,146
Other 546 4,912 99 4,370 0
10,940,710 2,716,048 3,053,718 636,915 351,863
NET TRANSFERS BETWEEN
FUNDS (945,864) (1,868,133) 5,532,471 (3,107,854) 389,380
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
end of year $36,663,795 $23,608,516 $38,452,475 $3,086,936 $3,325,419
<PAGE>
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC.
<FN>
</TABLE>
<PAGE>
<TABLE>
STATEMENT OF CHANGES IN NET ASSETS
APPLICABLE TO PARTICIPANTS' EQUITY
FOR THE YEAR ENDED DECEMBER 31, 1996 (Continued)
<CAPTION>
Accrued
Interest &
Participant Dividends Due To
Loans Receivable Broker Total
<S> <C> <C> <C> <C>
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
beginning of year $1,802,395 $82,026 $(237,977) $ 96,031,132
ADDITIONS
Employer contributions 0 0 0 3,112,179
Employee contributions 0 0 0 12,518,407
Transfers in from merged
plans 0 0 0 2,594,656
Realized gain on invest-
ments sold 0 0 0 3,712,189
Interest and dividend
income 190,235 775 0 4,004,670
Net appreciation of in-
vestments 0 0 0 2,989,580
Loans advanced, net of
repayments 288,964 0 0
479,199 775 0 28,931,681
DEDUCTIONS
Disbursements to parti-
cipants 179,357 0 0 11,183,404
Realized loss on invest-
ments sold 0 0 0 20,434
Net depreciation of in-
vestments 0 0 0 6,664,846
Other 0 0 (38,118) (28,191)
179,357 0 (38,118) 17,840,493
NET TRANSFERS BETWEEN
FUNDS 0 0 0 0
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
end of year $2,102,237 $82,801 $(199,859) $107,122,320
<FN>
</TABLE>
The accompanying notes to financial statements are an integral part of this
statement.
<PAGE>
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C R BARD, INC.
NOTES TO FINANCIAL STATEMENTS
(1) PLAN DESCRIPTION:
The following description of the Employees' Retirement Savings
Plan of C.R. Bard, Inc. (the Plan) is provided for general
information purposes. Participants of the Plan should refer to
the Plan document for more details and complete information.
General-
The Plan is a defined contribution plan for which
contributions are made by C. R. Bard, Inc. (the Company) and
Plan participants. All domestic employees of the Company, not
covered by a collective bargaining agreement, who have
completed 1,000 hours of service and have attained the age of
21, are eligible to participate in the Plan.
Contributions-
Plan participants may elect to make tax deferred contributions
through payroll deductions equal to 2% to 15% of their
compensation. Salespersons' commissions are also eligible for
contributions to the Plan. The Company matches 100% of
participants' contributions up to the first 2% of their
compensation and 25% of their contributions between 2% and 4%
of their compensation. The Company may elect, at its
discretion, to make additional matching contributions.
However, matching contributions (when aggregated with elective
deferral contributions) are not to exceed the maximum tax
deductible amount per current Federal tax regulations.
Participants may direct their contribution to be invested in
one of the following types of investment funds: (1) Short-Term
Investment Fund, (2) Guaranteed Investment Fund, (3) Bard
Common Stock Fund, (4) Diversified Common Stock Fund, and (5)
U. S. Treasury Fund. All employee contributions are fully
vested and nonforfeitable. Company contributions are invested
solely in the Bard Common Stock Fund and may be made in cash
or Company stock.
<PAGE>
Forfeitures
At December 31, 1996, forfeited nonvested accounts totaled
approximately $53,000. These accounts will be used to reduce
future Company matching contributions. Also, in 1996,
employer contributions were reduced by $753,798 from forfeited
nonvested accounts.
Vesting
Participants are always fully vested in their elective
contributions. Participants are vested in the Company's
matching contribution as follows:
Years Participated in Plan % Vested
Under 2 0
2 but < 3 25%
3 but < 4 50%
4 but < 5 75%
5 or more 100%
Income Allocations-
Investment income for an accounting period shall be allocated
to participants' accounts in proportion to the total of their
respective account balances at the beginning of such
accounting period plus any contributions or loan repayments
credited to the account during the period.
Distributions-
Participants will receive the full amount of their vested
account balance when one of the following events occurs:
normal retirement, termination of service, death or
disability. Early withdrawals are permitted at the
participant's request after attainment of age 59-1/2. Certain
hardship withdrawals are also permitted. Distributions may be
made in a lump sum payment or in a series of installments over
3 to 10 years.
- 2 -
<PAGE>
(2) SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES:
Estimates in the
Preparation of Financial Statements-
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 assets and liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements
and the reported amounts of additions and deductions during
the reporting period. Actual results could differ from those
estimates.
Valuation of Investments-
Investments in the Diversified Common Stock Fund and The
Short-Term Investment Fund are in the form of units of
participation within the account with the unit value of each
account calculated periodically by the trustee reflecting
transaction gains and losses, appreciation or depreciation of
the market value of the account investments, interest and
dividends.
The Guaranteed Investment Fund is a pooled fund which is
reported on the financial statements at contract value, which
approximates fair value, which approximates fair value, as
determined by the Trustee. The average yields of the Fund for
the years ended December 31, 1996 and 1995 were 6.73% and
7.17%, respectively. The crediting interest rate was 6.48%
and 6.72% as of December 31, 1996 and 1995, respectively.
This rate is determined periodically by the Trustee based on
the Fund's holdings. As of December 31, 1996 and 1995, there
were no valuation reserves needed within the Fund, however, it
did hold a Guaranteed Investment Contract in rehabilitation
(See Note 6).
Plan Administration-
Under a trust agreement dated October 1, 1983, United States
Trust Company of New York was appointed trustee of the Plan
and administers the Plan's assets together with the income
therefrom. In 1995 United States Trust Company of New York
merged with Chase Manhattan Bank, N.A. All expenses incurred
for the Plan by the trustee and the Company may be either paid
by the Company or from the assets of the Plan. Substantially
all expenses of the Plan were paid by the Company during 1996.
- 3 -
<PAGE>
Plan Administration (continued)
Accounting records maintained by the trustee are on the
accrual basis of accounting. Investment transactions are
recorded on a trade date basis. The Plan had no assets not
having a readily determinable market value as of December 31,
1996 and 1995.
Tax Status-
The Internal Revenue Service issued a determination letter
dated February 28, 1996 stating that the Plan was in
accordance with applicable plan design requirements as of that
date. 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
dates.
(3) RELATED PARTY TRANSACTIONS:
As of December 31, 1996 and 1995, the Plan holds 1,296,781 and
1,258,150 shares of C. R. Bard, Inc. common stock,
respectively, with a market value of $36,309,868 at December
31, 1996 and $40,575,338 at December 31, 1995. During the year
ended December 31, 1996, 200,408 shares of such common stock
were acquired at a cost of $6,465,208; 137,535 shares were
sold with an original cost basis of $3,266,337 and 24,242
shares were delivered to Plan participants with an original
cost basis of $577,487.
All of the Plan's investment funds purchase units of
participation in the Chase Manhattan Bank Pooled Investment
Trust For Employee Benefit Plans II (the "Investment Trust")
with temporarily uninvested cash. Since the Trustee manages
this Investment Trust, these transactions qualify as party-in-interest.
- 4 -
<PAGE>
(4) RECONCILIATION TO FORM 5500
The following is a reconciliation of net assets applicable to
participants' equity per the financial statements to the Form
5500:
December 31,
1996 1995
Net assets applicable to
participants' equity per
the financial statements $107,122,320 $96,031,132
Amounts allocated to with-
drawing participants (1,935,247) (756,322)
Net assets applicable to
participants' equity per
the Form 5500 $105,187,073 $95,274,810
The following is a reconciliation of benefits paid to
participants per the financial statements to the Form 5500:
Year ended
December 31, 1996
Benefits paid to participants per
the financial statements $11,183,404
Add: Amount allocated to with-
drawing participants at
December 31, 1996 1,935,247
Less: Amounts allocated with-
drawing participants
at December 31, 1995 (756,322)
Benefits paid to participants
per the Form 5500 $12,362,329
- 5 -
<PAGE>
(S) PLAN TERMINATION
Although it has not expressed any intent to do so, the Company
has the right under the Plan to discontinue its contributions
at any time and to terminate the Plan subject to the
provisions of Employee Retirement Income Security Act of 1974.
In the event of plan termination, participants will become
fully vested in their account balances.
(6) FIXED INCOME OBLIGATIONS IN REHABILITATION
Included in the Plan's assets is a Guaranteed Investment
Contract (GIC) from Confederation Life Insurance Co., which is
in rehabilitation. The original interest rate has been reduced
in half and the maturity date has been extended. It has been
determined by the Trustee that the contract value of $581,044
is collectable. The Company has committed to pay the
applicable balance into the Plan in the event that there is a
shortfall upon settlement.
- 6 -
<PAGE>
<TABLE>
SCHEDULE I
EMPLOYEES RETIREMENT SAVINGS PLAN OF C. R. BARD, INC.
EIN #22-1454160, PLAN #003
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1996
<CAPTION>
(c) Description of investment
(b) Identity of issue, including maturity date,
borrower, lessor or rate of interest, collateral, (e) Current
(a) similar party par or maturity value (d) Cost Value
<S> <C> <C> <C> <C>
BARD COMMON STOCK FUND
* C. R. Bard, Inc. Common Stock $31,672,308 $ 36,309,868
Chase Manhattan Bank, Units of participation in U.S. 353,927 353,927
N.A. Trust Co. Pooled Trust Short-
Term Fixed Income Fund,
353,927 units, $1.00 per unit
Total Bard Common
Stock Fund 32,026,235 36,663,795
GUARANTEED INVESTMENT
FUND:
Confederation Life Ins. GIC #62094, 8/31/99, 4.69% 581,044 581,044
Co.
First Allmerica Financial GA #92125-B-1, 10/30/98, 6.530% 953,548 953,548
Life Insurance
First Allmerica Financial GA #92125-B-2, 12/30/98, 6.530% 953,548 953,548
Life Insurance
Hartford Life Ins. Co. GA #10311, 4/14/00, 7.61% 1,194,625 1,194,625
Life Ins. Co. of Virginia GS #2778A, 8/24/98, 6.4% 2,377,269 2,377,269
Metropolitan Life Ins. Co. GAC #20106, 12/31/97, 6.6% 1,291,306 1,291,306
New York Life Ins. Co. GA #30213-1, 3/31/98, 5.72% 1,239,638 1,239,638
New York Life Ins. Co. GA #30213-2, 31/1/99, 6.50% 894,368 894,368
New York Life Ins. Co. GA #30213-3, 4/30/99, 6.50% 894,368 894,368
<PAGE>
SCHEDULE I (continued)
(b) Identity of issue, including maturity date,
borrower, lessor or rate of interest, collateral, (e) Current
(a) similar party par or maturity value (d) Cost Value
<S> <C> <C> <C> <C>
GUARANTEED INVESTMENT
FUND: (continued)
Ohio National Life GA #5576, 3/11/98, 5.74% 1,239,041 1,239,041
Ins. Co.
Principal Mutual Life GA #4-2879-1, 6/11/97, 7.56% 355,411 355,411
Ins. Co.
Principal Mutual Life GA #4-2879-2, 6/11/97, 7.56% 354,985 354,985
Ins. Co.
Principal Mutual Life GA #4-2879-3, 9/10/97, 6.1% 967,862 967,862
Ins. Co.
Principal Mutual Life GA #4-2879-4, 3/22/00, 8.20% 582,344 582,344
Ins. Co.
Protective Life Ins. Co. GA #1107, 12/9/99, 8.14% 1,175,207 1,175,207
Commonwealth Life Ins. Co. ADA-00605FR, 6/11/99, 7.150% 600,449 600,449
Sun Life Assurance Co. GIC #S-0923-G, 3/24/97, 6.87% 558,692 558,692
of Canada (U.S.)
Sun Life Assurance Co. GIC #S-0924-G, 2/14/00, 7.38% 1,178,967 1,178,967
of Canada (U.S.)
Transamerica Occidental GIC #51378-00, 6/9/00, 6.70% 1,563,956 1,563,956
Life
* Chase Manhattan Bank, N.A. Units of participation in U.S. Trust 4,651,888 4,651,888
Co. Pooled Trust Short-Term Fixed
Income Fund, 4,651,888 units,
$1.00 per unit
Total Guaranteed
Investment Fund 23,608,516 23,608,516
<PAGE>
SCHEDULE I (continued)
(c) Description of investment
(b) Identity of issue, including maturity date,
borrower, lessor or rate of interest, collateral, (e) Current
(a) similar party par or maturity value (d) Cost Value
<S> <C> <C> <C> <C>
DIVERSIFIED COMMON STOCK
FUND
Vanguard Quantitative Units of participation in Common 31,156,206 38,205,493
Portfolios Inc. Stock Mutual Fund, 1,718,646
units, $22.23 per unit
* Chase Manhattan Bank, N.A. Units of participation in U.S. 246,982 246,982
Trust Co. Pooled Trust Short-
Term Fixed Income Fund, 246,982
units, $1.00 per unit
Total Diversified Common
Stock Fund $31,403,188 $ 38,452,475
SHORT-TERM INVESTMENT FUND
Chase Manhattan Bank, N.A. Units of participation in U.S.
Trust Co. Pooled Trust Short-
Term Fixed Income Fund,
3,086,936 units, $1.00 per unit $ 3,086,936 $ 3,086,936
U.S. TREASURY FUND:
United States Treasury U.S. Treasury Note, 1/31/97, 6.25% 89,775 90,042
Notes
United States Treasury U.S. Treasury Note, 3/31/97, 6.875% 98,391 100,359
Notes
United States Treasury U.S. Treasury Note, 5/31/97, 6.75% 99,750 100,516
Notes
United States Treasury U.S. Treasury Note, 6/30/97, 6.375% 98,125 100,344
Notes
United States Treasury U.S. Treasury Note, 8/15/97, 6.5% 98,641 100,594
Notes
SCHEDULE I (continued)
(c) Description of investment
(b) Identity of issue, including maturity date,
borrower, lessor or rate of interest, collateral, (e) Current
(a) similar party par or maturity value (d) Cost Value
<S> <C> <C> <C> <C>
United States Treasury U.S. Treasury Note, 10/15/97, 8.75% 104,719 102,391
Notes
United States Treasury U.S. Treasury Note, 12/31/97, 6.0% 95,672 100,359
Notes
United States Treasury U.S. Treasury Note, 1/15/98, 7.875% 100,094 102,219
Notes
United States Treasury U.S. Treasury Note, 2/15/98, 7.25% 126,523 127,051
Notes
United States Treasury U.S. Treasury Note, 4/30/98, 5.125% 194,859 198,468
Notes
United States Treasury U.S. Treasury Note, 6/30/98, 5.125% 98,906 99,094
Notes
United States Treasury U.S. Treasury Note, 8/15/98, 5.875% 198,297 200,094
Notes
United States Treasury U.S. Treasury Note, 10/15/98, 7.125% 104,031 102,125
Notes
United States Treasury U.S. Treasury Note, 12/31/98, 5.125% 97,594 98,609
Notes
United States Treasury U.S. Treasury Note, 1/31/99, 5.0% 99,391 98,266
Notes
United States Treasury U.S. Treasury Note, 3/31/99, 5.875% 101,828 99,906
Notes
United States Treasury U.S. Treasury Note, 5/31/99, 6.750% 104,328 101,703
Notes
United States Treasury U.S. Treasury Note, 7/15/99, 6.375% 200,687 201,812
Notes
United States Treasury U.S. Treasury Note, 9/30/99, 7.125% 102,531 102,766
Notes
SCHEDULE 1 (continued)
(c) Description of investment
(b) Identity of issue, including maturity date,
borrower, lessor or rate of interest, collateral, (e) Current
(a) similar party par or maturity value (d) Cost Value
<S> <C> <C> <C> <C>
United States Treasury U.S. Treasury Note, 11/30/99, 7.750% 157,172 156,726
Notes
United States Treasury U.S. Treasury Note, 1/15/00, 6.375% 201,375 201,750
Notes
United States Treasury U.S. Treasury Note, 3/31/00, 6.875% 154,207 153,375
Notes
* Chase Manhattan Bank, N.A. Vista Premier Treasury Plus Money 586,850 586,850
Market Fund
Total U.S. Treasury Fund 3,313,746 3,325,419
OTHER
Participant Loans With interest rates ranging from 2,102,237 2,102,237
7.5% to 10% and maturing through
2011
Total investments held $95,540,858 $107,239,378
<FN>
</TABLE>
* Indicates related party.
The accompanying notes to financial statements are an integral part of
this schedule
<PAGE>
<TABLE>
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC.
EIN #22-1454160, PLAN #003
ITEM 27d-SCHEDULE OF REPORTABLE TRANSACTIONS (J)
FOR THE YEAR ENDED DECEMBER 31, 1996
<CAPTION>
(h)Current
value of
asset on (I)Net
(a)Identity of (b)Description (c)Purchase (d)Selling (g)Cost of transaction gain or
party involved of asset price price asset date loss
<S> <C> <C> <C> <C> <C> <C>
Chase Manhattan Purchase of units of $33,216,690 $ 0 $33,126,690 $33,216,690 $ 0
Bank, N.A. participation in
Chase Manhattan
Pooled Investment
Trust for Employee
Benefit Plans II
Chase Manhattan Sale of units of 0 30,811,422 30,811,422 30,811,422 0
Bank, N.A. participation in
Chase Manhattan
Pooled Investment
Trust for Employee
Benefit Plans II
C.R. Bard, Inc. Purchase of 6,465,208 0 6,465,208 6,465,208 0
C.R. Bard, Inc.
common stock
C.R. Bard, Inc. Sale of C.R. Bard, 0 4,388,997 3,266,337 4,388,997 1,122,660
Inc. common stock
Vanguard Purchase of units 12,506,982 0 12,506,982 12,506,982 0
Quantitative of participation
Portfolios, Inc. in Common Stock
Mutual Fund
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SCHEDULE II (continued)
(h)Current
value of
asset on (I)Net
(a)Identity of (b)Description (c)Purchase (d)Selling (g)Cost of transaction gain or
party involved of asset price price asset date loss
<S> <C> <C> <C> <C> <C> <C>
Vanguard Sale of units of 0 3,735,735 1,146,206 3,735,735 2,589,529
Quantitative participation in
Portfolios, Inc. Common Stock
Mutual Fund
Chase Manhattan Purchase of units 2,267,623 0 2,267,623 2,267,623 0
Bank, N.A. of participation
in U.S. Trust
Company Pooled
Trust Short Term
Fixed Income Fund
Chase Manhattan Sale of units of 0 3,270,502 3,270,502 3,270,502 0
Bank, N.A. participation in
U.S. Trust Company
Pooled Trust Short
Term Fixed Income
Fund
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(J) 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, 1996
The accompanying notes to financial statements are an integral part of
this schedule.
