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, 1997
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
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 $1,982,230,016
based on the closing price of stock traded on the New York Stock
Exchange on February 27, 1998. As of February 27, 1998, there were
56,829,989 shares of Common Stock, $.25 par value per share,
outstanding.
<PAGE>
The Company's definitive Proxy Statement dated March 6, 1998 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, 1997 as set
forth in the pages attached hereto.
Item 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, 1997
and 1996
(c) Statement of Changes in Net Assets Applicable
to Participants' Equity for the Year Ended
December 31, 1997
(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 30, 1998
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 June 19, 1998,
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 29, 1998
EXHIBIT 99(a)
Employees' Retirement Savings Plan Of
C. R. Bard, Inc.
Financial Statements As Of December 31, 1997 And 1996
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, 1997 and 1996,
and the related statement of changes in net assets applicable to
participants' equity for the year ended December 31, 1997. 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, 1997 and 1996, and the
changes in its net assets applicable to participants' equity for
the year ended December 31, 1997, 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 as of December 31,
1997 and reportable transactions for the year ended December 31,
1997, 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 19, 1998
<PAGE>
<TABLE>
<CAPTION>
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C.R. BARD, INC.
STATEMENTS OF NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY
AS OF DECEMBER 31, 1997 AND 1996
1997 1996
<S> <C> <C>
ASSETS:
Investments, at fair value -
Bard Common Stock Fund $ 39,286,361 $ 36,663,795
Guaranteed Investment Fund 22,262,337 23,608,516
Diversified Common Stock Fund 0 38,452,475
Vanguard Index Trust-500 Portfolio 57,806,053 0
Short-Term Investment Fund 0 3,086,936
Vanguard Money Market Reserves 3,144,800 0
U.S. Treasury Fund 0 3,325,419
Vanguard Bond Index Fund 3,424,922 0
Participant Loans 2,080,005 2,102,237
Total investments $128,004,478 $107,239,378
Accrued interest and dividends
receivable 139,726 82,801
Total assets $128,144,204 $107,322,179
LIABILITIES:
Due to broker 758,316 199,859
Net assets applicable to participants'
equity $127,385,888 $107,122,320
<FN>
</TABLE>
The accompanying notes to financial statements
are an integral part of these statements.
<PAGE>
<TABLE>
<CAPTION>
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, 1997
Bard Vanguard
Common Guaranteed Diversified Index Short-Term
Stock Investment Common Trust-500 Investment
Fund Fund Stock Fund Portfolio Fund
<S> <C> <C> <C> <C> <C>
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
beginning of year $36,663,795 $23,608,516 $38,452,475 $ 0 $3,086,936
ADDITIONS:
Employer contributions
(net of forfeitures) 3,656,143 0 0 0 0
Employee contributions 2,092,719 2,192,307 7,442,644 0 1,581,472
Interest and dividend
income 916,903 1,366,148 5,772,768 0 179,182
Net appreciation of in-
vestments 4,485,524 0 8,666,339 0 0
Loans advanced, net of
repayments (83,277) 25,477 40,272 0 (8,861)
11,068,012 3,583,932 21,922,023 0 1,751,793
DEDUCTIONS:
Disbursements to parti-
cipants 6,643,398 3,657,233 6,982,002 0 579,239
Realized loss on invest-
ments sold 0 0 0 0 0
Net depreciation of in-
vestments 0 0 0 0 0
Other (357) 8,317 102 0 4,747
6,643,041 3,665,550 6,982,104 0 583,986
NET TRANSFERS BETWEEN
FUNDS (1,802,405) (1,264,561) (53,392,394) 57,806,053 (4,254,743)
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
end of year
$39,286,361 $22,262,337 $ 0 $57,806,053 $ 0
<FN>
</TABLE>
The accompanying notes to financial statements
are an integral part of this statement.
<PAGE>
<TABLE>
<CAPTION>
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, 1997 (Continued)
<S> <C> <C> <C> <C>
Vanguard U.S. Vanguard
Money Market Treasury Bond Index Participant
Reserves Fund Fund Loans
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
beginning of year $ 0 $3,325,419 $ 0 $2,102,237
ADDITIONS:
Employer contributions
(net of forfeitures) 0 0 0 0
Employee contribution 0 530,739 0 0
Interest and dividend
income 0 245,826 0 172,306
Net appreciation of in-
vestments 0 9,291 0 0
Loans advanced, net of
repayments 0 (2,492) 0 28,881
0 783,364 0 201,187
DEDUCTIONS:
Disbursements to parti-
cipants 0 532,001 0 126,856
Realized loss on invest-
ments sold 0 0 0 0
Net depreciation of in-
vestments 0 11,673 0 0
Other 0 0 0 0
0 543,674 0 126,856
NET TRANSFERS BETWEEN
FUNDS 3,144,800 (3,565,109) 3,424,922 (96,563)
NET ASSETS APPLICABLE TO
PARTICIPANTS' EQUITY,
end of year $ 3,144,800 $ 0 $3,424,922 $2,080,005
<FN>
</TABLE>
The accompanying notes to financial statements
are an integral part of this statement.
<PAGE>
<TABLE>
<CAPTION>
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, 1997 (Continued)
Accrued Dividends
Interest & Due To
Receivable Broker Total
<S> <C> <C> <C>
NET ASSETS APPLICABLE TO PARTICIPANTS'
EQUITY, beginning of year $ 82,801 $(199,859) $107,122,320
ADDITIONS:
Employer contributions (net of for-
feitures) 0 0 3,656,143
Employee contributions 0 0 13,839,881
Interest and dividend income 56,925 0 8,710,058
Net appreciation of investments 0 0 13,161,154
Loans advanced, net of repayments 0 0 0
$ 56,925 0 $ 39,367,236
DEDUCTIONS:
Disbursements to participants 0 0 18,520,729
Realized loss on investments sold 0 0 0
Net depreciation of investments 0 0 11,673
Other 0 558,457 571,266
0 558,457 19,103,668
NET TRANSFERS BETWEEN FUNDS 0 0 0
ASSETS APPLICABLE TO PARTICIPANTS
EQUITY,end of year $139,726 $(758,316) $127,385,888
<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 detailed 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 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.
As of December 31, 1997, participants may direct their
contributions to be invested in one of the following types of
investment funds:
Bard Common Stock Fund - The fund invests in C. R. Bard, Inc.
Common Stock.
Guaranteed Investment Fund - The fund invests in a diversified
portfolio of investment contracts issued by insurance
companies and other financial institutions.
Vanguard Index Trust - 500 Portfolio - The fund holds all of
the 500 stocks that make up the Standard & Poor's 500
Composite Stock Price Index in proportion to their weighting
in the Index.
Vanguard Money Market Reserves - The fund invests in short-term,
high-quality money market instruments issued by
financial institutions, nonfinancial corporations, the U.S.
government, and federal agencies.
- 1 -
<PAGE>
Vanguard Bond Index Fund - The fund attempts to match the
performance of the Lehman Brothers Aggregate Bond Index.
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.
Forfeitures-
At December 31, 1997, forfeited nonvested accounts totaled
approximately $38,967. These accounts will be used to reduce
future Company matching contributions. Also, in 1997,
employer contributions were reduced by $457,090 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%
Loans-
A participant may borrow up to one-half of their vested
account balance, limited to $50,000. The loan shall be repaid
pursuant to a fixed payment schedule not to exceed five years
from the date of the loan (unless such loan is for the
purchase of a primary residence, in which case the loan may be
repaid within fifteen years).
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 Bard Common Stock Fund, the Vanguard Index
Trust-500 Portfolio, the Vanguard Money Market Reserves and
the Vanguard Bond Index 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 (the "Fund") is a pooled fund
which is reported on the financial statements at contract
value, which approximates fair value, as determined by the
Trustee. The average yields of the Fund for the years ended
December 31, 1997 and 1996 were 6.53% and 6.73%, respectively.
The crediting interest rate was 6.48% as of December 31, 1997
and 1996. This rate is determined periodically by the Trustee
based on the Fund's holdings. As of December 31, 1997 and
1996, 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. (the "Trustee"). 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 1997.
Effective December 31, 1997, all assets of the Plan were
transferred to The Vanguard Group pursuant to a trust
agreement dated January 1, 1998.
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,
1997 and 1996.
- 3 -
<PAGE>
Tax Status-
The Internal Revenue Service issued a determination letter
dated February 28, 1996 stating that the Plan and related
trust were in accordance with applicable plan design
requirements as of that date. The Plan administrator and the
Plan's tax counsel believe 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, 1997 and 1996, the Plan holds 1,262,151 and
1,296,781 shares of C. R. Bard, Inc. common stock,
respectively, with a market value of $39,286,361 at December
31, 1997 and $36,309,868 at December 31, 1996. During the year
ended December 31, 1997, 176,112 shares of such common stock
were acquired at a cost of $5,700,355; 187,937 shares were
sold with an original cost basis of $4,667,281 and 22,805
shares were delivered to Plan participants with an original
cost basis of $577,329.
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.
As of December 31, 1997, all assets were
transferred to the Vanguard Group and the Investment Trust is
no longer used.
(4) RECONCILIATION OF FINANCIAL STATEMENTS 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,
1997 1996
Net assets applicable to
participants' equity per
the financial statements $127,385,888 $107,122,320
Amounts allocated to with-
drawing participants 0 (1,935,247)
Net assets applicable to
participants' equity per
the Form 5500 $127,385,888 $105,187,073
- 4 -
<PAGE>
(5) 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 from Confederation Life Insurance Co., which is in
rehabilitation. It has been determined by the Trustee that
the balance of $73,526 is collectable with payment expected in
1998.
- 5 -
<PAGE>
<TABLE>
<CAPTION>
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, 1997
<CAPTION>
<S> <C> <C>(c)Description of investment
(b) Identity of issue, including maturity date,
borrower, lessor or rate of interest, collateral,
(a) similar party par or maturity value (d) Cost
BARD COMMON STOCK FUND
* The Vanguard Group Units of participation in Bard $32,300,977
Common Stock Fund, 3,928,636 units,
$10.00 per unit.
GUARANTEED INVESTMENT
FUND:
Aegon USA ADA-00605FR, 6/11/99, 7.15% 643,381
Confederation Life Ins. GIC #62094, 7/31/98, 0.0% 73,526
Co.
First Allmerica Financial GA #92125-B-1, 10/30/98, 6.53% 1,015,814
Life Insurance
First Allmerica Financial GA #92125-B-2, 12/30/98, 6.53% 1,015,814
Life Insurance
Hartford Life Ins. Co. GA #10311, 4/14/00, 7.61% 1,285,536
Life Ins. Co. of Virginia GS #2778A, 8/24/98, 6.4% 2,529,414
New York Life Ins. Co. GA #30213-1,3/31/98, 5.72% 1,310,546
New York Life Ins. Co. GA #30213-2, 3/1/99, 6.50% 952,502
New York Life Ins. Co. GA #30213-3, 4/30/99, 6.50% 952,502
<C>
(e) Current
Value
$39,286,361
643,381
73,526
1,015,814
1,015,814
1,285,536
2,529,414
1,310,546
952,502
952,502
<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
GUARANTEED INVESTMENT
FUND: (continued)
Ohio National Life GA #5576, 3/11/98, 5.74% 1,310,162 1,310,162
Ins. Co.
Principal Mutual Life GA #4-2879-4, 3/22/00, 8.20% 630,088 630,088
Ins. Co.
Protective Life Ins. Co. GA #1107, 12/9/99, 8.14% 1,270,869 1,270,869
Sun Life Assurance Co.
of Canada (U.S.) GIC #S-0924-G, 2/14/00, 7.38% 1,265,974 1,265,974
Transamerica Occidental GIC #51378-00, 6/9/00, 6.70% 834,371 834,371
Life
* The Vanguard Group Units of participation in Investment 7,171,838 7,171,838
Contracts Fund, 7,171,838 units,
$1.00 per unit
Total Guaranteed
Investment Fund 22,262,337 22,262,337
<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
* VANGUARD INDEX TRUST-500
PORTFOLIO Units of participation in Vanguard 57,806,052 57,806,053
The Vanguard Group Index Trust-500 Portfolio, 641,790
units, $90.07 per unit.
* VANGUARD MONEY MARKET
RESERVES
The Vanguard Group Units of participation in Vanguard
Money Market Reserves-Prime Port-
folio, 3,144,800 units, $1.00 per
unit. $ 3,144,800 $ 3,144,800
* VANGUARD BOND INDEX FUND
The Vanguard Group Units of participation in Vanguard
Bond Index Fund-Total Bond Market,
339,437 units, $10.09 per unit. $ 3,424,922 $ 3,424,922
OTHER
Participant loans With interest rates ranging from 7%
to 10% and maturing through 2012 $ 2,080,005 $ 2,080,005
$121,019,094 $128,004,478
<FN>
</TABLE>
* Indicates related party.
The accompanying notes to financial statements
are an integral part of this schedule.
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE II
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, 1997
<S> <C> <C> <C> <C>
(b)Description
of asset (include
(a)Identity of maturity in case (c)Purchase (d)Selling (g)Cost of
party involved of a loan) price price asset
Chase Manhattan Purchase of units of $29,157,232 $ 0 $29,157,232
Bank, N.A. participation,
Chase Manhattan
Pooled Investment
Trust for Employee
Benefit Plans II.
Chase Manhattan Sale of units of 0 29,157,232 29,157,232
Bank, N.A. participation,
Chase Manhattan
Pooled Investment
Trust for Employee
Benefit Plans II.
C.R. Bard, Inc. Purchase of 5,700,355 0 5,700,355
C.R. Bard, Inc.
common stock
C.R. Bard, Inc. Sale of C.R. Bard, 0 6,083,071 4,667,281
Inc. common stock
Vanguard Purchase of units 16,279,084 0 16,279,084
Quantitative of participation,
Portfolios Inc. Common Stock
Mutual Fund
<C> <C>
(h) Current
Value of
Asset on (i) Net
transaction gain or
date (loss)
$29,157,232 $ 0
29,157,232 0
5,700,355 0
6,083,071 1,415,790
16,279,084 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION> SCHEDULE II
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, 1997 (continued)
<S> <C> <C> <C> <C> <C> <C>
(b)Description (h) Current
(Include interest) value of
rate and maturity) asset on (I)Net
(a)Identity of in case of a loan) (c)Purchase (d)Selling (g)Cost of transaction gain or
party involved of asset price price asset date (loss)
Vanguard Sale of units of
Quantitative participation,
Porfolios Inc. Common Stock Mutual
Fund 0 64,276,136 61,669,292 64,276,136 2,606,844
Vanguard Group Purchase of units of
participation,
Vanguard Index
Trust-500 Portfolio 57,806,053 0 57,806,053 57,806,053 0
(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, 1997.
The accompanying notes to financial statements are an integral part of this schedule.
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