SEC Info  
   Home     Search     My Interests     Help     Sign In     Please Sign In  

United Continental Holdings, Inc. · 11-K · For 11/30/95

Filed On 5/24/96   ·   Accession Number 100517-96-42   ·   SEC File 1-06033

  in   Show  and 
Help... Wildcards:  ? (any letter),  * (many).  Logic:  for Docs:  & (and),  | (or);  for Text:  | (anywhere),  "(&)" (near).
 
  As Of                Filer                Filing    For/On/As Docs:Size

 5/24/96  United Continental Holdings, Inc. 11-K       11/30/95    2:344K

Annual Report of an Employee Stock Purchase, Savings or Similar Plan   —   Form 11-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 11-K        Annual Report of an Employee Stock Purchase,         161    772K 
                          Savings or Similar Plan                                
 2: EX-23       Consent of Experts or Counsel                          1      5K 


11-K   —   Annual Report of an Employee Stock Purchase, Savings or Similar Plan
Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
3Item 27a:. Schedule of Assets Held for Investment Purposes
160Item 27a:. Schedule of Reportable Transactions
11-K1st Page of 161TOCTopPreviousNextBottomJust 1st
 

SECURITIES AND EXCHANGE COMMISSION Washington D.C. FORM 11-K ANNUAL REPORT Pursuant to Section(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended November 30, 1995 Commission File No. 1 - 6033 United Air Lines, Inc. Pilot's Directed Account Retirement Income Plan (Full title of the Plan) United Air Lines, Inc. (Employer sponsoring the Plan) UAL Corporation (Issuer of the shares held pursuant to the Plan) 1200 Algonquin Road, Elk Grove Township, Illinois Mailing Address: P.O. Box 66100, Chicago, Illinois 60666 (Address of principal executive offices) REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To the Board of Directors of United Air Lines, Inc.: We have audited the accompanying statement of net assets available for plan benefits of the United Air Lines, Inc. Pilots' Directed Account Retirement Income Plan as of November 30, 1995 and 1994, and the related statement of changes in net assets available for plan benefits for the years then ended. These financial statements and supplementary schedules referred to below are the responsibility of the Plan Administrator. Our responsibility is to express an opinion on these financial statements and supplementary 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 the Plan Administrator, 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 available for plan benefits of the United Air Lines, Inc. Pilots' Directed Account Retirement Income Plan as of November 30, 1995 and 1994, and the changes in its net 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 basic financial statements taken as a whole. The supplemental schedule of reportable transactions or series of transactions and the supplemental schedule of plan assets are presented for purposes 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 supplemental schedules 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. /s/ ARTHUR ANDERSEN LLP ARTHUR ANDERSEN LLP Chicago, Illinois May 23, 1996 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the United Air Lines, Inc. Pension and Welfare Plans Administration Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. United Air Lines, Inc. Pilots' Directed Account Retirement Income Plan Dated May 24, 1996 By /s/ Douglas A. Hacker Douglas A. Hacker Member, United Air Lines, Inc. Pension and Welfare Plans Administration Committee UNITED AIR LINES, INC. PILOTS' DIRECTED ACCOUNT RETIREMENT INCOME PLAN STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS (In Thousands) [Download Table] November 30 1995 1994 INVESTMENTS, at fair value Money Market Fund $ 583,878 $ 642,540 UAL Stock Fund 104,235 36,738 Short-Term Government Securities Fund 108,212 98,757 Intermediate/Long-Term Bond Fund 101,444 63,253 Government Bond Fund 87,136 84,305 Income/Value Equity Fund 163,820 124,885 Growth Equity Fund 215,063 179,714 Small Cap Equity Fund 260,831 172,569 International Equity Fund 154,950 222,371 S & P 500 Index Fund 226,997 165,021 NET ASSETS AVAILABLE FOR PLAN BENEFITS $2,006,566 $1,790,153 The accompanying notes to financial statements are an integral part of these statements. UNITED AIR LINES, INC. PILOTS' DIRECTED ACCOUNT RETIREMENT INCOME PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS (In Thousands) [Download Table] Year Ended November 30 1995 1994 NET ASSETS AVAILABLE FOR PLAN BENEFITS, beginning of year $1,790,153 $1,779,480 CONTRIBUTIONS Employer 9,084 69,320 Employee 330 40,664 9,414 109,984 TRANSFERS BETWEEN PLANS - (1,862) RESULTS OF INVESTMENT ACTIVITY Dividends 14,573 13,766 Interest 62,532 46,003 Other Income, net 216 126 Net appreciation (depreciation) in value of investments 290,067 (2,545) 367,388 57,350 BENEFIT PAYMENTS (149,693) (144,509) ADMINISTRATIVE EXPENSES (10,696) (10,290) NET ASSETS AVAILABLE FOR PLAN BENEFITS, end of year $2,006,566 $1,790,153 The accompanying notes to financial statements are an integral part of these statements. UNITED AIR LINES, INC. PILOTS' DIRECTED ACCOUNT RETIREMENT INCOME PLAN NOTES TO FINANCIAL STATEMENTS 1. DESCRIPTION OF THE PLAN This description is for general information purposes only. Participants should refer to their summary plan description and individual employee benefit statement for detailed benefit information. a. General and Plan Participants United Air Lines, Inc. ("United") established the Pilots' Variable Benefit Retirement Income Plan ("Variable Plan") in 1955 to provide retirement income and other benefits for the pilots of United. On September 1, 1982 the Variable Plan was amended and restructured, retroactive to February 1, 1981, and for active participants is now known as the United Air Lines, Inc. Pilots' Directed Account Retirement Income Plan (the "Directed Account Plan" or "Plan"). All active participants in the Variable Plan automatically became participants in the Directed Account Plan. Therefore, after these actions, the Variable Plan covered essentially only retired participants and the Directed Account Plan covered only active participants. The transition from the Variable Plan to the Directed Account Plan did not constitute a termination of the Variable Plan. The Plan is a defined contribution plan and is subject to the Employee Retirement Income Security Act of 1974, as amended. United pilots are eligible to become participants in the Plan on the first anniversary of their initial employment. b. Directed Account Plan Investment Options Participants are able to individually allocate their account balances among ten different investment funds. The investment funds consist of the Money Market Fund, the UAL Corporation Stock Fund, the Short-Term Government Securities Fund, the Intermediate/Long-Term Bond Fund, the Government Bond Fund, and five Equity Funds. If a participant does not allocate his account balance among the investment funds, his balance will be invested in the Money Market Fund. Participants may reallocate their fund balances or change their future contribution allocation daily. Automatic daily reallocation is accomplished in several Balanced Funds that invest in the other investment funds in predetermined portions. Participants may invest in the UAL Stock Fund only through transfers from the Money Market Fund. Existing balances from Company contributions, rollover contributions from qualified defined contribution plans and earnings from both may be invested in the UAL Stock Fund. On July 12, 1994, UAL Corporation underwent a recapitalization under Section 368(a)(1)(E) of the Internal Revenue Code of 1986, pursuant to which the shareholders engaged in a recapitalization exchange with UAL Corporation. Each share of Old Common Stock was exchanged for a package consisting of one half of a share of New Common Stock and $84.81 in cash. The cash consideration received by the Trustee on behalf of Plan participants was used to purchase additional shares of New Common Stock or, at the direction of Plan participants, was transferred to other investment funds. Pursuant to the terms of the recapitalization, fund transfers into the UAL Stock Fund were temporarily suspended from July 12, 1994 to July 19, 1994 and from January 12, 1995 to March 15, 1995. On May 20, 1996 (with a May 6, 1996 record date), UAL Common Stock underwent a 4 for 1 stock split. Shares held in the UAL Stock Fund were adjusted accordingly. c. Contributions and Vesting Prior to July 12, 1994, United contributed 9% of a pilot's earnings to the Plan. In connection with the July 12, 1994 recapitalization, this contribution was reduced to 1%. Company contributions on behalf of a participant are allocated directly to each participant's account. Pilots may also elect to voluntarily contribute, in multiples of 1%, any percentage, up to 50% (subject to the 25% overall limit discussed below) of each paycheck received. Pilots immediately vest in company and voluntary contributions. Pilot voluntary contributions to the Plan can be made, subject to a maximum of $9,240 in 1995 and $9,500 in 1996, on a pretax basis as permitted by Section 401(k) of the Internal Revenue Code. Lower limits may apply to certain highly compensated participants if the Plan does not pass certain nondiscrimination tests required by law. During each calendar year a pilot's voluntary contributions will be changed from a pretax basis to an after tax basis if the pilot elects and if the legal limit for pretax contributions is exceeded. Section 415 of the Internal Revenue Code limits the total amount of contributions from all sources to the lesser of 25% of annual pension earnings or $30,000. Contributions to the Plan include $330,734 and $470,736 for 1995 and 1994, respectively, which were transferred from other qualified plans as rollovers under Internal Revenue Code Section 401(a). d. Withdrawals Withdrawals from the Plan may be made as follows, as applicable to the participant's eligibility, amount requested, and existing balances: Participants who have separated from service (for reasons other than death) may elect payment in the form of a lump sum, periodic distributions, irregular partial distributions, or through the purchase of an annuity. Distributions may also be directly rolled over into an IRA or qualified plan. Withdrawals are normally made in the form of a fixed life annuity, if the participant is unmarried, or a 50% contingent annuity with the spouse as the contingent annuitant, if the participant is married. Spousal consent is required if the participant elects to take a distribution in the form of a lump sum payment, periodic distributions, irregular partial distributions, and other forms of annuities. Participants are able to defer the distribution of the account until April 1 of the next calendar year after reaching age 70-1/2. Distributions of accounts due to death of a participant may be taken by the participant's beneficiary in the form of a lump sum payment or through the purchase of an annuity. The participant's surviving spouse, if any, is automatically the beneficiary of half of the account, unless the spouse waives this right. In-service withdrawals for participants, who are actively employed or are absent due to reasons of illness (other than grounded status), layoff, or approved leave of absence and maintain an employer-employee relationship with United Air Lines, Inc., are permitted as follows: - Discretionary withdrawals of post-tax contributions and earnings - Hardship withdrawals from 401(k) account, subject to restrictions described in the Plan - After reaching age 59-1/2, subject to certain requirements specified in the Plan, all or a portion of the participant's 401(k) account may be withdrawn - Upon reaching age 70-1/2, minimum distributions required under Internal Revenue Code 401(a)(9) must be taken no later than April 1 following the calendar year that the participant has reached age 70-1/2. In the case that a participant's account has never exceeded $3,500, total distribution of the account will be made in a lump sum payment upon termination of employment or death. Generally, withdrawals are allocated pro-rata to the balances of each of the investment funds in the participant's account. Alternatively, the participant may specify which fund(s) that distribution is made from. Distributions from UAL Stock Fund, may be made in cash, or in whole shares of UAL Corporation common stock, with fractional shares distributed in cash. e. Plan Termination Provisions If the Plan is terminated, all amounts credited to a participant's account at the time of termination shall be retained in the Trust and will be distributed in accordance with the normal distribution rules of the Plan. f. Trustee The Frank Russell Trust Company serves as Plan trustee. 2. SIGNIFICANT ACCOUNTING POLICIES a. Basis of Accounting The financial statements are presented on the accrual basis. b. Investments Domestic investments are stated at fair value, generally, as determined by market prices quoted on U.S. securities exchanges. The fair value of foreign securities and foreign currency deposits is based on market prices quoted on foreign securities exchanges and this value is converted to U.S. dollars using the exchange rate in effect at plan year-end. Assets in the UAL Stock Fund are invested in UAL Corporation common stock and are valued at market prices quoted on the New York Stock Exchange ("NYSE"). Transfers into the UAL Stock Fund are made as of the close of the NYSE on the 15th of the month or the first business day thereafter. c. Net Appreciation (Depreciation) in Value of Investments Net appreciation or depreciation in value of investments includes realized and unrealized gains and losses. Realized and unrealized gains and losses are calculated as the difference between fair value at December 1, or date of purchase if subsequent to December 1, and fair value at date of sale or the current year-end. The unrealized gain or loss on investments represents the difference between fair value at December 1, or date of purchase, and the fair value at the date of sale or the current year-end plus, where applicable, the change in the exchange rate between the U.S. dollar and the foreign currency in which the assets are denominated from December 1, or the date of purchase, to the date of sale or the current year-end. d. Plan Expenses Management fees are paid to the trustee based upon investment fund balances. Brokerage and other investment fees are included in the cost of the related security. United performs certain administrative functions for the Plan without charge. 3. INVESTMENT ADMINISTRATION Plan assets are invested by a group of investment managers. The investment managers buy or sell securities on behalf of the Plan, in accordance with the investment objectives and guidelines established for each of the ten different investment funds. As of November 30, 1995, the investment managers were as follows: Money Market Fund - Frank Russell Trust Company UAL Stock Fund - Frank Russell Trust Company Short-Term Government - Pacific Investment Management Securities Fund Company Intermediate/Long-Term Bond Fund - Sanford C. Bernstein & Co., Inc. Government Bond Fund - Frank Russell Trust Company Income/Value Equity Fund - Brandywine Asset Management - Dodge & Cox, Inc. Growth Equity Fund - Alliance Capital Management - Jundt Associates, Inc. Small Cap Equity Fund - Jacobs Levy Equity Management, Inc. - Peregrine Capital Management - Turner Investment Partners, Inc. International Equity Fund - Capital Guardian Trust Company - Rowe Price-Fleming International, Inc. - The Boston Company Asset Management, Inc. S & P 500 Index Fund - Panagora Asset Management 4. TAX STATUS The Plan obtained its latest determination letter on August 8, 1986. The Internal Revenue Service stated that the Plan, as written, was in compliance with the requirements of the Internal Revenue Code and that the trust was tax exempt. The Plan has been amended since receiving the determination letter and a revised determination letter has been requested from the Internal Revenue Service. 5. NET ASSETS AVAILABLE FOR PLAN BENEFITS Components of funds as of November 30, 1995 were: [Download Table] Short-Term Intermediate/ Money UAL Government Long-Term Government Market Stock Securities Bond Bond Fund Fund Fund Fund Fund (In Thousands) Investments, at fair value Short-term securities $588,133 $ 5,363 $ 18,911 $ 1,754 $ 10,446 Notes and bonds - - 107,247 104,242 76,360 Common stock and common stock funds - 101,312 - - - Preferred securities - - - - - 588,133 106,675 126,158 105,996 86,806 Miscellaneous assets, primarily interfund receivable transfers 3,746 22 979 647 463 Due from brokers for securities sold 38 - 12,722 49 - Cash and cash equivalents - - - - - Miscellaneous liabilities, primarily interfund payable transfers (8,039) (51) (857) (1,176) (133) Due to brokers for securities purchased - (2,411) (30,790) (4,072) - $583,878 $104,235 $108,212 $101,444 $ 87,136 5. NET ASSETS AVAILABLE FOR PLAN BENEFITS Components of funds as of November 30, 1995 were: [Enlarge/Download Table] Income/ Small S & P Value Growth Cap International 500 Equity Equity Equity Equity Index Fund Fund Fund Fund Fund Total (In Thousands) Investments, at fair value Short-term securities $ 24,234 $ 31,392 $ 39,650 $ 10,993 $ 12,142 $ 743,018 Notes and bonds 2,900 1,099 1,499 3,403 434 297,184 Common stock and common stock funds 138,703 185,150 221,705 140,962 217,596 1,005,428 Preferred securities 239 - - 1,096 1 1,336 166,076 217,641 262,854 156,454 230,173 2,046,966 Miscellaneous assets, primarily interfund receivable transfers 544 247 303 703 619 8,273 Due from brokers for securities sold 581 1,999 4,194 28,304 - 47,887 Cash and cash equivalents - - - 1,313 - 1,313 Miscellaneous liabilities, primarily interfund payable transfers (2,902) (4,111) (5,478) (3,191) (3,698) (29,636) Due to brokers for securities purchased (479) (713) (1,042) (28,633) (97) (68,237) $163,820 $215,063 $260,831 $154,950 $226,997 $2,006,566 5. NET ASSETS AVAILABLE FOR PLAN BENEFITS Components of funds as of November 30, 1994 were: [Download Table] Short-Term Intermediate/ Money UAL Government Long-Term Government Market Stock Securities Bond Bond Fund Fund Fund Fund Fund (In Thousands) Investments, at fair value Short-term securities $639,503 $ 392 $ 2,298 $ 706 $ 5,698 Notes and bonds - - 100,158 70,153 78,158 Common stock and common stock funds - 36,363 - - - Preferred securities - - - - - 639,503 36,755 102,456 70,859 83,856 Miscellaneous assets, primarily interfund receivable transfers 6,529 3 1,139 782 518 Due from brokers for securities sold 26 - 622 11 - Cash and cash equivalents - - - - - Miscellaneous liabilities, primarily interfund payable transfers (3,518) (20) (362) (77) (48) Due to brokers for securities purchased - - (5,098) (8,322) (21) $642,540 $ 36,738 $ 98,757 $ 63,253 $ 84,305 5. NET ASSETS AVAILABLE FOR PLAN BENEFITS Components of funds as of November 30, 1994 were: [Enlarge/Download Table] Income/ Small S & P Value Growth Cap International 500 Equity Equity Equity Equity Index Fund Fund Fund Fund Fund Total (In Thousands) Investments, at fair value Short-term securities $ 12,864 $ 45,541 $ 26,467 $ 17,034 $ 8,605 $ 759,108 Notes and bonds 3,978 3,139 1,993 8,152 464 266,195 Common stock and common stock funds 107,842 133,134 145,733 194,292 155,960 773,324 Preferred securities 1,028 - 1,242 3,235 - 5,505 125,712 181,814 175,435 222,713 165,029 1,804,132 Miscellaneous assets, primarily interfund receivable transfers 294 556 256 709 277 11,063 Due from brokers for securities sold 1,348 1,261 1,622 16,912 - 21,802 Cash and cash equivalents - - - 2,385 - 2,385 Miscellaneous liabilities, primarily interfund payable transfers (78) (526) (1,229) (767) (216) (6,841) Due to brokers for securities purchased (2,391) (3,391) (3,515) (19,581) (69) (42,388) $124,885 $179,714 $172,569 $222,371 $165,021 $1,790,153 6. CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS Changes by fund for the year ended November 30, 1995 were: [Download Table] Short-Term Intermediate/ Money UAL Government Long-Term Government Market Stock Securities Bond Bond Fund Fund Fund Fund Fund (In Thousands) Net assets at beginning of year $642,540 $ 36,738 $ 98,757 $ 63,253 $ 84,305 Contributions Employer 3,628 - 273 284 187 Employee 167 - - - - 3,795 - 273 284 187 Transfers between funds 1,761 21,405 5,846 29,210 (5,803) Investment activity Dividends - - - - - Interest 38,210 113 8,832 6,038 2,753 Other income, net 17 1 7 3 73 Net appreciation in value of investments - 46,594 826 7,578 12,590 Benefit payments (100,494) (348) (5,755) (4,382) (6,535) Administrative expenses (1,951) (268) (574) (540) (434) Net assets at end of year $583,878 $104,235 $108,212 $101,444 $ 87,136 6. CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS Changes by fund for the year ended November 30, 1995 were: [Enlarge/Download Table] Income/ Small S & P Value Growth Cap International 500 Equity Equity Equity Equity Index Fund Fund Fund Fund Fund Total (In Thousands) Net assets at beginning of year $124,885 $179,714 $172,569 $222,371 $165,021 $1,790,153 Contributions Employer 763 956 1,132 975 886 9,084 Employee 30 36 40 31 26 330 793 992 1,172 1,006 912 9,414 Transfers between funds 5,329 (13,824) 19,256 (74,882) 11,702 - Investment activity Dividends 3,616 1,464 1,349 3,277 4,867 14,573 Interest 1,265 1,862 1,850 1,261 348 62,532 Other income, net 31 33 29 20 2 216 Net appreciation in value of investments 35,052 50,352 72,540 10,956 53,579 290,067 Benefit payments (6,126) (4,318) (5,992) (7,069) (8,674) (149,693) Administrative expenses (1,025) (1,212) (1,942) (1,990) (760) (10,696) Net assets at end of year $163,820 $215,063 $260,831 $154,950 $226,997 $2,006,566 6. CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS Changes by fund for the year ended November 30, 1994 were: [Download Table] Short-Term Intermediate/ Money UAL Government Long-Term Government Market Stock Securities Bond Bond Fund Fund Fund Fund Fund (In Thousands) Net assets at beginning of year $582,523 $ 17,949 $154,752 $ 85,825 $109,239 Contributions Employer 23,125 - 2,935 2,042 2,101 Employee 14,275 - 1,247 1,035 971 37,400 - 4,182 3,077 3,072 Transfers between funds 91,406 20,827 (51,506) (18,458) (17,621) Transfers from trust to trust (1,066) - (22) (56) (7) Investment activity Dividends - - - - - Interest 24,194 65 9,540 4,651 3,115 Other income, net 5 7 3 4 12 Net appreciation (depreciation) in value of investments - (1,874) (8,198) (6,288) (6,287) Benefit payments (90,083) (97) (9,312) (5,055) (6,723) Administrative expenses (1,839) (139) (682) (447) (495) Net assets at end of year $642,540 $ 36,738 $ 98,757 $ 63,253 $ 84,305 6. CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS Changes by fund for the year ended November 30, 1994 were: [Enlarge/Download Table] Income/ Small S & P Value Growth Cap International 500 Equity Equity Equity Equity Index Fund Fund Fund Fund Fund Total (In Thousands) Net assets at beginning of year $114,945 $160,855 $188,072 $195,012 $170,308 $1,779,480 Contributions Employer 5,674 7,793 8,813 9,808 7,029 69,320 Employee 3,286 4,455 5,140 6,408 3,847 40,664 8,960 12,248 13,953 16,216 10,876 109,984 Transfers between funds 2,138 7,958 (25,518) 3,061 (12,286) - Transfers from trust to trust (56) (111) (88) (426) (30) (1,862) Investment activity Dividends 3,168 1,177 710 4,055 4,656 13,766 Interest 676 1,127 1,056 1,465 114 46,003 Other income, net 13 28 11 38 5 126 Net appreciation (depreciation) in value of investments 1,646 1,769 1,283 18,323 (2,919) (2,545) Benefit payments (5,682) (4,274) (5,534) (12,721) (5,028) (144,509) Administrative expenses (922) (1,063) (1,376) (2,652) (675) (10,290) Net assets at end of year $124,885 $179,714 $172,569 $222,371 $165,021 $1,790,153 7. SUBSEQUENT EVENT On December 11, 1995, two additional options were added to the Pilots' Directed Account Retirement Income Plan. The Mutual Fund Option allows participants to invest in a wide range of mutual funds publicly traded on the NYSE. There is no minimum investment required for this option, however all investments must be transferred to and from the Money Market Fund. The Schwab Personal Choice Retirement Account is an individual brokerage account and allows the participant to invest in more than 850 mutual funds, stocks listed on every major US exchange, money market funds, and bonds and other fixed-income investments. There is a required minimum initial investment of $1,000. Like the Mutual Fund Option, all investments must be transferred to and from the Money Market Fund. These options were added to provide participants with the opportunity to assume greater responsibility for their investments. Participants who choose to invest in these options must sign a disclaimer which states that he/she will accept the liability of any potential losses.
11-K2nd Page of 161TOC1stPreviousNextBottomJust 2nd
[Enlarge/Download Table] UAL Pilots Directed Account INVESTMENT DETAIL PAGE: 1 MONEY MARKET FUND 11/30/1995 HMFROO5BF BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------------ --------------------------- -------------- --------------- -------------- ------------- ------- INVESTMENTS CASH & CASH EQUIVALENTS 588,133,065.0600 FRANK RUSSELL CO SHORT TERM 588,133,065.06 1.00 588,133,065.06 .00 100.00 INV FUNDS TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 588,133,065.06 588,133,065.06 .00 100.00 TOTAL INVESTMENT 588,133,065.06 588,133,065.06 .00 100.00
11-K3rd Page of 161TOC1stPreviousNextBottomJust 3rd
FRC F220201 INVESTMENT DETAIL PAGE: 1 UAL PILOTS SHORT TERM SEC 11/30/1995 HMFR005BF PIMCO BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ----------------- ------------------------------- -------------- ---------- -------------- ------------- ------ INVESTMENTS CASH & CASH EQUIVALENTS 18,911,390.0000 TBC INC ISG POOLED EMPL FDS 18,911,390.00 1.000000 18,911,390.00 .00 14.99 12/31/1999 70,000.0000 U S TREASURY BILLS 67,916.50 97.023570 67,916.50 .00 .05 02/08/1996 DD 02/02/95 15,000.0000 U S TREASURY BILLS 14,767.03 98.446860 14,767.03 .00 .01 02/29/1996 DD 08/31/95 TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 18,994,073.53 18,994,073.53 .00 15.06 INVESTMENTS FIXED INCOME SECURITIES 4,196,294.1700 COMMIT TO PUR FHA 221-D4 GMAC 4,305,135.55 102.593750 4,305,135.55 .00 3.41 7.483% 03/15/2019 6,000,000.0000 COMMIT TO PUR FHLMC GOLD 6,137,812.50 100.125000 6,007,500.00 -130,312.50 4.76 7.000% 01/15/2026 3,000,000.0000 COMMIT TO PUR GNMA 2,999,062.50 95.187500 2,855,625.00 -143,437.50 2.26 6.000% 02/15/2026 5,000,000.0000 COMMIT TO PURCH FHLMC GOLD 5,053,125.00 101.906250 5,095,312.50 42,187.50 4.04 7.500% 01/15/2026 4,250,000.0000 COMMITMENT TO PURCHASE GNMA 4,163,671.87 97.968750 4,163,671.88 .01 3.30 5.000% 03/15/1996 1,876,197.5900 DLJ ACCEP TR II SER 89-2 CL 2G 1,895,545.88 100.000000 1,876,197.59 -19,348.29 1.49 FLTG RT 10/17/2020 2,000,000.0000 FEDERAL HOME LN BKS CONS BD 1,909,000.00 96.000000 1,920,000.00 11,000.00 1.52 VAR RT 02/11/1998 DD 02/11/93 1,648,155.4500 FHA INSD MTG P/T #091 ML LYNCH 1,775,167.24 102.281250 1,685,754.00 -89,413.24 1.34 7.430% 07/01/2023 DD 07/01/83 1,137,977.7100 FHA INSD MTG P/T CIF #1 GMAC 1,142,778.55 101.031250 1,149,713.11 6,934.56 .91 VAR/RT 03/15/2019
11-K4th Page of 161TOC1stPreviousNextBottomJust 4th
FRC F220201 INVESTMENT DETAIL PAGE: 2 UAL PILOTS SHORT TERM SEC 11/30/1995 HMFR005BF PIMCO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ----------------- ------------------------------- -------------- ---------- -------------- ------------- ------ 6,461,759.0670 FHA INSD MTG P/T CTF PUGET SND 6,599,576.29 100.125000 6,469,836.27 -129,740.02 5.13 6.900% 10/01/2015 1,268,974.9800 FHA INSD MTG PASS THRU #129 1,359,785.99 102.875000 1,305,458.01 -54,327.98 1.03 7.430% 08/01/2023 931,507.5200 FHA POOL #42 USGI INC 888,043.39 103.375000 962,945.90 74,902.51 .76 7.430% 09/01/2022 DD 06/01/82 4,319,356.1200 FHLMC GROUP #A0-0952 4,592,015.48 104.551920 4,515,969.76 -76,045.72 3.58 9.000% 09/01/2020 DD 02/01/93 3,389,543.5300 FHLMC GROUP #B0-0083 3,550,546.86 103.882470 3,521,141.54 -29,405.32 2.79 8.500% 11/01/2002 DD 11/01/91 262,660.4500 FHLMC GROUP #30-6670 288,434.00 110.002000 288,931.75 497.75 .23 11.250% 04/01/2019 DD 03/01/89 4,489,723.6100 FHLMC CMO SER J-4 4,916,247.34 109.281250 4,906,426.08 -9,821.26 3.89 10.250% 12/30/2014 10,514,110.5000 FHLMC MULTICL MTG P/C 1577 PL 1,456,368.59 11.882000 1,249,370.72 -206,997.87 .99 6.500% 07/15/2018 1,000,000.0000 FHLMC MULTICL MTG P/C1750-C PB 834,687.50 85.812500 858,125.00 23,437.50 .68 ZERO CPN 03/15/2024 1,017,912.0000 FHLMC MULTICLASS MTG P/C 10140 1,053,538.92 100.078125 1,018,707.24 -34,831.68 .81 7.950% 08/15/2017 4,500,000.0000 FHLMC MULTICLASS MTG P/C 1083K 4,736,250.00 102.492000 4,612,140.00 -124,110.00 3.66 8.500% 03/15/2006 4,442,758.2000 FHLMC MULTICLASS MTG P/C 1564I 705,287.86 10.953125 486,620.86 -218,667.00 .39 6.500% 05/15/2007 14,302,594.1700 FHLMC MULTICLASS MTG P/C 1618L 2,129,745.67 9.968750 1,425,789.86 -703,955.81 1.13 6.000% 10/15/2007 3,000,000.0000 FHLMC MULTICLASS MTG P/C 88-G 3,133,125.00 100.981580 3,029,447.40 -103,677.60 2.40 8.000% 04/15/2019 1,322,053.8600 FHLMC MULTICLASS MTG PC 1165LD 1,214,223.84 94.843750 1,253,885.46 39,661.62 .99 7.000% 11/15/2021
11-K5th Page of 161TOC1stPreviousNextBottomJust 5th
FRC F220201 INVESTMENT DETAIL PAGE: 3 UAL PILOTS SHORT TERM SEC 11/30/1995 HMFR005BF PIMCO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ----------------- ------------------------------- -------------- ---------- -------------- ------------- ------ 844,413.0400 FNMA POOL #0054844 851,405.81 101.062500 853,384.93 1,979.12 .68 6.383% 09/01/2027 DD 09/01/87 31,054.9500 FNMA POOL #0055808 31,312.14 101.062500 31,384.91 72.77 .02 6.383% 10/01/2027 DD 10/01/87 561,240.9100 FNMA POOL #0060680 565,888.66 101.062500 567,204.09 1,315.43 .43 6.383% 02/01/2028 DD 04/01/88 150,176.2300 FNMA POOL #0062688 151,419.89 101.062500 151,771.85 351.96 .12 6.383% 05/01/2028 DD 06/01/88 110,448.4400 FNMA POOL #0065579 111,363.09 101.062500 111,621.95 258.86 .09 6.383% 07/01/2028 DD 09/01/88 2,661,084.2500 FNMA POOL #0066414 2,694,347.80 101.250000 2,694,347.80 .00 2.14 7.057% 09/01/2028 DD 08/01/89 224,574.9900 FNMA POOL #0067329 232,961.44 104.981700 235,762.64 2,801.20 .19 10.000% 11/01/2001 DD 11/01/88 742,236.7400 FNMA POOL #0067694 748,383.39 101.062500 750,123.01 1,739.62 .59 6.383% 10/01/2028 DD 11/01/88 2,308,473.9700 FNMA POOL #0080323 2,415,240.88 104.662330 2,416,102.64 861.76 1.92 8.875% 06/01/2007 DD 10/01/92 2,418,705.4900 FNMA POOL #0300309 2,418,705.49 100.750000 2,436,845.78 18,140.29 1.93 6.375% 12/01/2024 DD 03/01/95 4,525,663.9500 FNMA POOL #0307675 4,568,092.04 101.500000 4,593,548.91 25,456.87 3.64 6.612% 05/01/2024 DD 03/01/95 568,226.1900 FNMA GTD REMIC P/T CTF 89-91E 593,796.36 101.549600 577,031.42 -16,764.94 .46 9.250% 06/25/2015 5,000,000.0000 FNMA GTD REMIC P/T CTF 90-105J 4,714,062.50 99.342070 4,967,103.50 253,041.00 3.94 6.500% 09/25/2020 850,060.1900 FNMA GTD REMIC P/T CTF 90-123D 905,845.39 100.463240 853,998.01 -51,847.38 .68 9.000% 08/25/2016 96,266.4700 FNMA GTD REMIC P/T CTF 90-16-G 100,899.29 99.584390 95,866.38 -5,032.91 .08
11-K6th Page of 161TOC1stPreviousNextBottomJust 6th
FRC F220201 INVESTMENT DETAIL PAGE: 4 UAL PILOTS SHORT TERM SEC 11/30/1995 HMFR005BF PIMCO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ----------------- ------------------------------- -------------- ---------- -------------- ------------- ------ 9.000% 03/25/2020 2,500,000.0000 FNMA GTD REMIC P/T CTF 90-68-J 2,393,750.00 99.625000 2,490,625.00 96,875.00 1.97 6.950% 07/25/2020 879,121.0500 FNMA GTD REMIC P/T CTF 91-7 C 919,230.96 100.322810 881,958.94 -37,272.02 .70 8.500% 03/25/2018 344,668.8200 FNMA GTD REMIC P/T CTF 92-12E 347,038.42 99.880940 344,258.46 -2,779.96 .27 6.625% 06/25/2019 864,383.1600 FNMA GTD REMIC P/T CTF 92-23B 764,168.73 98.093000 847,899.37 83,730.64 .67 0.000% 02/25/2021 879,553.4000 FNMA GTF REMIC P/T CTF G-43 D 886,150.06 99.601490 876,048.29 -10,101.77 .69 8.000% 07/25/2014 26,903.2800 GNMA POOL #0090741 29,484.33 109.230440 29,386.57 -97.76 .02 11.000% 01/15/2010 DD 01/01/80 97,525.1200 GNMA POOL #0090947 106,881.45 109.302170 106,597.07 -284.38 .08 11.000% 01/15/2010 DD 02/01/80 107,541.7900 GNMA POOL #0091793 117,859.09 109.309950 117,553.88 -305.21 .09 11.000% 08/15/2010 DD 08/01/80 51,866.9200 GNMA POOL #0092213 56,842.89 109.236040 56,657.37 -185.52 .04 11.000% 07/15/2010 DD 07/01/80 38,961.4500 GNMA POOL #0092504 42,699.29 109.242510 42,562.47 -136.82 .03 11.000% 08/15/2010 DD 08/01/80 73,598.6400 GNMA POOL #0092923 80,659.50 109.240490 80,399.51 -259.99 .06 11.000% 09/15/2010 DD 10/01/80 131,210.9300 GNMA POOL #0093487 143,798.98 109.315050 143,433.29 -365.69 .11 11.000% 09/15/2010 DD 09/01/81 61,486.1900 GNMA POOL #0097168 66,789.38 109.265560 67,183.23 393.85 .05 10.500% 04/15/2013 DD 05/01/83 103,114.3700 GNMA POOL #0098245 112,007.97 109.306320 112,710.52 702.55 .09 10.500% 06/15/2013 DD 06/01/83
11-K7th Page of 161TOC1stPreviousNextBottomJust 7th
FRC F220201 INVESTMENT DETAIL PAGE: 5 UAL PILOTS SHORT TERM SEC 11/30/1995 HMFR005BF PIMCO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ----------------- ------------------------------- -------------- ---------- -------------- ------------- ------ 247,260.5300 GNMA POOL #0098572 270,982.08 109.328420 270,326.03 -656.05 .21 11.000% 06/15/2013 DD 07/01/83 2,959.4600 GNMA POOL #0099264 3,214.70 109.263230 3,233.60 18.90 .00 10.500% 07/15/2013 DD 08/01/83 42,575.1500 GNMA POOL #0099519 46,247.27 109.246680 46,511.94 264.67 .04 10.500% 08/15/2013 DD 09/01/83 12,849.5100 GNMA POOL #0101395 13,925.66 106.910100 13,737.42 -188.24 .01 11.000% 08/15/1998 DD 08/01/83 78,581.8700 GNMA POOL #0126705 85,163.11 106.908360 84,010.59 -1,152.52 .07 11.000% 10/15/2000 DD 10/01/85 28,833.8700 GNMA POOL #0127639 31,248.71 106.890550 30,820.68 -428.03 .02 11.000% 07/15/2000 DD 07/01/85 59,922.8500 GNMA POOL #0127644 64,941.39 106.914260 64,066.07 -875.32 .05 11.000% 09/15/2000 DD 10/01/85 22,892.4000 GNMA POOL #0132144 24,809.64 106.885990 24,468.77 -340.87 .02 11.000% 10/15/2000 DD 10/01/85 20,486.6700 GNMA POOL #0133026 22,202.43 106.884190 21,897.01 -305.42 .02 11.000% 09/15/2000 DD 10/01/85 17,839.4200 GNMA POOL #0133328 19,333.48 106.895730 19,069.58 -263.90 .02 11.000% 09/15/2000 DD 09/01/85 108,760.6100 GNMA POOL #0134323 117,869.33 106.950740 116,320.28 -1,549.05 .09 11.000% 09/15/2000 DD 10/01/85 63,883.4100 GNMA POOL #0135153 69,233.64 106.965370 68,333.13 -900.51 .05 11.000% 09/15/2000 DD 10/01/85 172,083.6000 GNMA POOL #0136150 186,495.59 106.912450 183,978.79 -2,516.80 .15 11.000% 10/15/2000 DD 10/01/85 101,464.1500 GNMA POOL #0136356 109,961.77 106.919750 108,485.22 -1,476.55 .09 11.000% 08/15/2000 DD 10/01/85 23,962.5000 GNMA POOL #0137147 25,969.35 106.904990 25,617.11 -352.24 .02 11.000% 10/15/2000 DD 10/01/85
11-K8th Page of 161TOC1stPreviousNextBottomJust 8th
FRC F220201 INVESTMENT DETAIL PAGE: 6 UAL PILOTS SHORT TERM SEC 11/30/1995 HMFR005BF PIMCO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ----------------- ------------------------------- -------------- ---------- -------------- ------------- ------ 56,810.4200 GNMA POOL #0137268 61,568.29 106.954670 60,761.40 -806.89 .05 11.000% 08/15/2000 DD 08/01/85 153,003.8600 GNMA POOL #0137279 165,817.95 106.984080 163,689.77 -2,128.18 .13 11.000% 10/15/2000 DD 10/01/85 23,439.6500 GNMA POOL #0137595 25,402.72 106.877810 25,051.78 -350.94 .02 11.000% 10/15/2000 DD 10/01/85 148,535.4900 GNMA POOL #0138029 160,975.34 106.906190 158,793.63 -2,181.71 .13 11.000% 10/15/2000 DD 10/01/85 100,131.4500 GNMA POOL #0138389 108,517.46 106.944470 107,085.05 -1,432.41 .08 11.000% 09/15/2000 DD 10/01/85 101,075.7500 GNMA POOL #0139503 109,540.83 106.943400 108,093.84 -1,446.99 .09 11.000% 10/15/2000 DD 10/01/85 119,586.2500 GNMA POOL #0139778 129,601.59 106.913820 127,854.23 -1,747.36 .10 11.000% 10/15/2000 DD 10/01/85 74,816.2000 GNMA POOL #0139816 81,082.05 106.904920 79,982.20 -1,099.85 .06 11.000% 08/15/2000 DD 10/01/85 33,480.4900 GNMA POOL #0140090 36,284.47 106.894060 35,788.66 -495.81 .03 11.000% 09/15/2000 DD 10/01/85 126,899.1800 GNMA POOL #0140133 137,527.01 106.915870 135,675.36 -1,851.65 .11 11.000% 10/15/2000 DD 10/01/85 37,634.0800 GNMA POOL #0140171 40,785.92 106.896260 40,229.42 -556.50 .03 11.000% 10/15/2000 DD 10/01/85 58,768.4900 GNMA POOL #0140233 63,690.34 106.913190 62,831.27 -859.07 .05 11.000% 10/15/2000 DD 10/01/85 58,941.7700 GNMA POOL #0141455 63,878.16 106.913320 63,016.60 -861.56 .05 11.000% 10/15/2000 DD 10/01/85 127,936.6900 GNMA POOL #0141635 138,651.39 106.955470 136,835.29 -1,816.10 .11 11.000% 09/15/2000 DD 10/01/85 49,653.9500 GNMA POOL #0141681 53,812.45 106.907610 53,083.85 -728.60 .04
11-K9th Page of 161TOC1stPreviousNextBottomJust 9th
FRC F220201 INVESTMENT DETAIL PAGE: 7 UAL PILOTS SHORT TERM SEC 11/30/1995 HMFR005BF PIMCO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ----------------- ------------------------------- -------------- ---------- -------------- ------------- ------ 11.000% 10/15/2000 DD 10/01/85 40,632.5700 GNMA POOL #0141953 44,035.56 106.899470 43,436.00 -599.56 .03 11.000% 10/15/2000 DD 10/01/85 3,779.0100 GNMA POOL #0141964 4,095.50 106.871540 4,038.69 -56.81 .00 11.000% 10/15/2000 DD 10/01/85 61,236.2700 GNMA POOL #0141965 66,364.81 106.899620 65,461.34 -903.47 .05 11.000% 10/15/2000 DD 10/01/85 4,644,358.7500 GNMA II POOL #0008503 4,615,331.52 102.250000 4,748,856.82 133,525.30 3.76 7.250% 09/20/2024 DD 09/01/94 1,314,060.7300 GNMA II POOL #0008649 1,297,429.65 100.000000 1,314,060.73 16,631.08 1.04 5.500% 07/20/2025 DD 07/01/95 826,821.4900 GNMA II POOL #0008698 816,321.25 99.641000 823,853.20 7,531.95 .65 5.500% 09/20/2025 DD 09/01/95 3,380,466.6600 GNMA II POOL #008682N 3,341,641.77 100.000000 3,380,466.66 38,824.89 2.68 5.500% 08/20/2025 DD 08/01/95 1,016,555.9900 MORGAN J P ACCEP TR I CL E 1,044,511.28 100.745680 1,024,136.24 -20,375.04 .81 9.000% 10/20/2007 807,509.7000 UBS MTG TR 6 CMO CL 6-E 832,239.69 101.926270 823,064.52 -9,175.17 .65 8.000% 07/25/2020 TOTAL INVESTMENTS FIXED INCOME SECURITIES 108,540,966.19 107,164,100.04 -1,376,866.15 84.94 TOTAL INVESTMENT 127,535,039.72 126,158,173.57 -1,376,866.15 100.00
11-K10th Page of 161TOC1stPreviousNextBottomJust 10th
[Enlarge/Download Table] FRC F220300 INVESTMENT DETAIL PAGE: 1 UAL INTER/LONG TERM BOND FUND 11/30/1995 HMFRO05BF SANFORD C. BERNSTEIN & CO. BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------------- -------------------- ------------- ----------- ------------ ---------- ------- INVESTMENTS CASH & CASH EQUIVALENTS 2,800,000.0000 AT & T CAP CORP DISC 2,780,459.11 99.302110 2,780,459.11 .00 2.62 1/10/1996 2,000,000.0000 CIGNA CORP DISC 1,981,819.44 99.090970 1,981,819.44 .00 1.87 1/10/1996 2,815,000.0000 FORD MTR CR CO DISC 2,792,597.30 99.204160 2,792,597.30 .00 2.63 1/16/1996 2,000,000.0000 INTERNATL BUS MAC DISC 1,988,897.22 99.444860 1,988,897.22 .00 1.88 12/13/1995 1,750,000.0000 MERRILL LYNCH CO DISC 1,741,395.35 99.508306 1,741,395.36 .00 1.64 12/08/1995 1,753,579.0000 TBC INC ISG POOLED EMPL FDS 1,753,579.00 1.000000 1,753,579.00 .00 1.65 12/31/1999 TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 13,038,747.42 13,038,747.43 .01 12.30 INVESTMENTS FIXED INCOME SECURITIES 835,000.0000 ASSOCIATES CORP NORTH AMER 834,649.30 101.875000 850,656.25 16,006.95 .80 6.625% 05/15/1998 DD 05/12/95 330,000.0000 AUBURN HILLS TR GTD CTF EXCH 289,384.27 154.000000 508,200.00 218,815.73 .48 VAR/RT 05/01/2020 170,000.0000 CITICORP MTG SECS 94-11 CL A-9 132,560.90 87.281000 148,377.70 15,816.80 .14 6.250% 08/25/2024 1,995,000.0000 COMMIT TO PUR GNMA 2,022,119.53 102.156250 2,038,017.19 15,897.66 1.92 7.500% 12/15/2025 2,010,000.0000 COMMIT TO PURCH GNMA 2,035,125.00 102.156250 2,053,340.63 18,215.63 1.94 7.500% 12/15/2025 165,000.0000 CWMBS INC MTG PASS THRU 93-12 125,013.28 89.681000 147,973.65 22,960.37 .14 6.625% 02/25/2024
11-K11th Page of 161TOC1stPreviousNextBottomJust 11th
[Enlarge/Download Table] FRC F220300 INVESTMENT DETAIL PAGE: 2 UAL INTER/LONG TERM BOND FUND 11/30/1995 HMFRO05BF SANFORD C. BERNSTEIN & CO. BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------------- -------------------- ------------- ----------- ------------- ---------- ------ 320,000.0000 DELTA AIRLINES INC 320,000.00 125.250000 400,800.00 80,800.00 .38 10.375% 12/15/2022 DD 12/15/92 2,099,248.8830 FHLMC GROUP #C0-0361 2,183,218.84 103.964140 2,182,466.05 -752.79 2.06 8.500% 09/01/2024 DD 09/01/94 816,781.2220 FHLMC GROUP #C0-0387 840,263.69 104.779820 855,821.89 15,558.20 .81 9.000% 02/01/2025 DD 02/01/95 439,579.3700 FHLMC GROUP #C0-0398 451,942.54 104.778380 460,584.14 8,641.60 .43 9.000% 05/01/2025 DD 05/01/95 216,983.3130 FHLMC GROUP #C0-0403 222,272.28 103.000000 223,492.81 1,220.53 .21 8.000% 05/01/2025 DD 05/01/95 3,597,105.2330 FHLMC GROUP #C8-0244 3,701,175.16 103.968750 3,739,865.35 38,690.19 3.53 8.500% 12/01/2024 DD 12/01/94 2,587,858.7450 FHLMC GROUP #C8-0267 2,665,494.51 104.794040 2,711,921.73 46,427.22 2.56 9.000% 02/01/2025 DD 02/01/95 1,007,546.7650 FHLMC GROUP #C8-0286 1,036,082.88 104.780520 1,055,712.74 19,629.86 1.00 9.000% 03/01/2025 DD 03/01/95 769,626.2580 FHLMC GROUP #C8-0297 789,588.45 103.960480 800,107.15 10,518.70 .75 8.500% 05/01/2025 DD 05/01/95 835,933.1250 FHLMC GROUP #C8-0322 854,741.63 103.000000 861,011.12 6,269.49 .81 8.000% 07/01/2025 DD 07/01/95 134,411.1290 FHLMC GROUP #D5-9531 138,275.44 104.812960 140,880.28 2,604.84 .13 9.000% 04/01/2025 DD 04/01/95 1,725,281.8800 FHLMC GROUP #D6-4618 1,767,335.63 103.000000 1,777,040.34 9,704.71 1.68 8.000% 10/01/2025 DD 10/01/95 1,024,413.6200 FHLMC GROUP #G0-0352 1,053,545.37 104.797840 1,073,563.35 20,017.98 1.01 9.000% 05/01/2025 DD 05/01/95 923,701.7360 FHLMC GROUP #G0-0363 945,639.65 103.017570 951,575.08 5,935.43 .90 8.000% 06/01/2025 DD 06/01/95 870,000.0000 FHLMC GROUP #G0-0422 900,450.00 103.968750 904,528.13 4,078.13 .85 8.500% 11/01/2025 DD 11/01/95
11-K12th Page of 161TOC1stPreviousNextBottomJust 12th
[Enlarge/Download Table] FRC F220300 INVESTMENT DETAIL PAGE: 3 UAL INTER/LONG TERM BOND FUND 11/30/1995 HMFRO05BF SANFORD C. BERNSTEIN & CO. BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------------- -------------------- ------------- ----------- ---------- ----------- ------ 190,845.1820 FHLMC GROUP #25-4527 175,458.33 102.292440 195,220.19 19,761.86 .18 8.000% 01/01/2009 DD 06/01/85 113,578.8650 FHLMC GROUP #25-5850 107,376.38 102.270170 116,157.30 8,780.92 .11 8.000% 06/01/2015 DD 08/01/85 290,244.0670 FHLMC GROUP #29-6016 305,753.99 103.094000 299,224.22 -6,529.77 .28 8.500% 06/01/2017 DD 06/01/87 271,793.9600 FHLMC GROUP #55-5234 298,718.54 111.142980 302,079.91 3,361.37 .28 11.500% 05/01/2019 DD 04/01/95 390,314.2730 FNMA POOL #0190002 412,391.43 105.613570 412,224.84 -166.59 .39 9.500% 05/01/2022 DD 09/01/93 353,918.0400 FNMA POOL #0303412 373,162.32 105.968750 375,042.52 1,880.20 .35 9.500% 02/01/2025 DD 06/01/95 552,308.5420 FNMA STRIPPED SECS 134,538.91 25.031250 138,249.73 3,710.82 .13 9.500% 11/25/2021 DD 09/01/92 635,471.7160 FNMA STRIPS SMBS SER 21 CL 2 162,442.46 26.906250 170,981.61 8,539.15 .16 9.500% 07/25/2017 435,000.0000 GE CAP MTG SVCS 93-10 CL A15 368,592.90 88.906250 386,742.19 18,149.29 .36 6.500% 09/25/2023 313,477.1730 GE CAP MTG SVCS 94-5 CL A4 303,387.12 99.968000 313,376.86 9,989.74 .30 6.500% 02/25/2024 715,000.0000 GENERAL MTRS ACCEP CORP MTN 712,297.30 100.272990 716,951.88 4,654.58 .68 6.250% 06/10/1996 DD 06/10/94 869,524.7200 GNMA POOL #0200107 918,163.76 105.468750 917,076.85 -1,086.91 .87 9.000% 01/15/2020 DD 01/01/90 1,485,000.7380 GNMA POOL #0377614 1,508,899.97 102.093750 1,516,092.94 7,192.97 1.43 7.500% 10/15/2025 DD 10/01/95 839,276.6760 GNMA POOL #0780049 896,845.81 107.386600 901,270.69 4,424.88 .85 9.500% 11/15/2021 DD 01/01/95 885,088.8200 GNMA POOL #0780074 936,811.20 105.839090 936,769.95 -41.25 .88 9.000% 12/15/2022 DD 03/01/95
11-K13th Page of 161TOC1stPreviousNextBottomJust 13th
[Enlarge/Download Table] FRC F220300 INVESTMENT DETAIL PAGE: 4 UAL INTER/LONG TERM BOND FUND 11/30/1995 HMFRO05BF SANFORD C. BERNSTEIN & CO. BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------------- -------------------- -------------- ----------- ----------- ---------- ------ 839,857.6100 GNMA POOL #0780087 896,416.77 107.393640 901,953.66 5,536.89 .85 9.500% 05/15/2022 DD 03/01/95 2,450,311.7660 GNMA POOL #0780118 2,585,313.14 107.407930 2,631,829.15 46,516.01 2.48 9.500% 08/15/2021 DD 04/01/95 873,568.7200 GNMA POOL #0780254 936,902.45 107.093750 935,537.50 -1,364.95 .88 9.500% 11/15/2021 DD 09/01/95 218,497.4050 GNMA II POOL #0000058 229,695.42 104.275820 227,839.96 -1,855.46 .21 9.000% 07/20/2022 DD 07/01/92 925,265.2330 GNMA II POOL #0008482 941,746.52 102.250000 946,083.70 4,337.18 .89 7.250% 08/20/2024 DD 08/01/94 880,096.6550 GNMA II POOL #0008484 897,011.02 102.500000 902,099.07 5,088.05 .85 7.250% 08/20/2024 DD 08/01/94 960,437.2910 GNMA II POOL #0008660 971,842.48 101.625000 976,044.40 4,201.92 .92 6.500% 07/20/2025 DD 07/01/95 976,709.4190 GNMA II POOL #0008684 979,761.63 100.843750 984,950.40 5,188.77 .93 6.000% 08/20/2025 DD 08/01/95 1,021,859.4000 GNMA II POOL #0008699 1,027,767.02 100.843750 1,030,481.34 2,714.32 .97 6.000% 09/20/2025 DD 09/01/95 1,003,958.0760 GNMA II POOL #0008720 1,013,683.92 101.625000 1,020,272.39 6,588.47 .96 6.500% 10/20/2025 DD 10/01/95 1,002,153.2900 GNMA II POOL #008639M 1,018,438.28 101.812500 1,020,317.32 1,879.04 .96 6.500% 06/20/2025 DD 06/01/95 370,000.0000 LEHMAN BROS INC SR SUB NT 380,038.10 110.625000 409,312.50 29,274.40 .39 10.000% 05/15/1999 310,000.0000 LEHMAN BROS INC SR SUB NTS 309,308.70 101.375000 314,262.50 4,953.80 .30 7.000% 5/15/1997 DD 5/27/94 990,000.0000 MOTOROLA INC 980,743.50 103.250000 1,022,175.00 41,431.50 .96 6.500% 09/01/2025 DD 09/01/95
11-K14th Page of 161TOC1stPreviousNextBottomJust 14th
[Enlarge/Download Table] FRC F220300 INVESTMENT DETAIL PAGE: 5 UAL INTER/LONG TERM BOND FUND 11/30/1995 HMFRO05BF SANFORD C. BERNSTEIN & CO. BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------------- -------------------- ------------- ----------- ----------- ---------- ------- 925,000.0000 PAIN WEBBER GROUP INC 738,066.75 97.250000 899,562.50 161,495.75 .85 6.500% 11/01/2005 DD 10/26/93 312,036.4450 PRUDENTIAL HOME 94-15 CL A-1 310,829.75 103.875000 324,127.86 13,298.11 .31 8.000% 05/25/2024 410,349.2790 PRUDENTIAL MTG SER 94-15 CLA-2 402,847.58 99.656250 408,938.70 6,091.12 .59 6.000% 05/25/2024 392,272.4600 RESIDENTIAL FDG 95-S3 CL A-1 393,467.66 100.754630 395,232.67 1,765.01 .37 7.650% 04/25/2025 186,568.8970 SALOMON BROS MTG 94-9 CL A-1 183,449.71 100.220000 186,979.35 3,529.64 .18 7.000% 07/25/2024 360,000.0000 SALOMON INC MTN 360,000.00 102.375000 368,550.00 8,550.00 .35 8.360% 02/28/1997 DD 02/28/95 6,795,000.0000 U S TREASURY BONDS 6,691,866.18 111.823990 7,598,440.12 906,573.94 7.17 7.250% 05/15/2016 DD 05/15/86 19,505,000.0000 U S TREASURY BONDS 20,452,312.83 114.743990 22,380,815.25 1,928,502.42 21.11 07.500% 11/15/2016 DD 11/15/86 1,765,000.0000 U S TREASURY NOTES 1,820,156.25 101.705990 1,795,110.72 -25,045.53 1.69 7.250% 11/15/1996 DD 11/15/86 4,965,000.0000 U S TREASURY NOTES 4,946,861.98 100.562000 4,992,903.30 46,041.32 4.71 06.250% 08/31/1996 DD 08/31/94 5,060,000.0000 U S TREASURY NOTES 5,106,248.40 101.511990 5,136,506.69 30,258.29 4.85 06.500% 04/30/1997 DD 05/01/95 1,700,000.0000 U S TREASURY NOTES 1,722,843.75 101.760990 1,729,936.83 7,093.08 1.63 06.875% 02/28/1997 DD 02/28/95 1,065,000.0000 U S TREASURY NOTES 1,105,935.94 101.483990 1,080,804.49 -25,131.45 1.02 07.875% 07/15/1996 DD 07/17/89 735,000.0000 WORLD SVGS & LN MTN # TR 00022 732,618.60 102.375000 752,456.25 19,837.65 .71 7.625% 02/18/1997 DD 02/16/95 TOTAL INVESTMENTS FIXED INCOME SECURITIES 89,059,893.10 92,956,920.88 3,897,027.78 87.70
11-K15th Page of 161TOC1stPreviousNextBottomJust 15th
[Enlarge/Download Table] FRC F220300 INVESTMENT DETAIL PAGE: 6 UAL INTER/LONG TERM BOND FUND 11/30/1995 HMFRO05BF SANFORD C. BERNSTEIN & CO. BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------------- -------------------- ------------- ----------- -------------- -------------- -------- TOTAL INVESTMENT 102,098,640.52 105,995,668.31 3,897,027.79 100.00
11-K16th Page of 161TOC1stPreviousNextBottomJust 16th
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE 1 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- INVESTMENTS CASH & CASH EQUIVALENTS 2,515,500.0000 TBC INC ISG POOLED EMPL FDS 2,515,500.00 1.000000 2,515,500.00 .00 1.51 12/31/1999 14,794,862.0000 TBC INC ISG POOLED EMPL FDS 14,794,862.00 1.000000 14,794,862.00 .00 8.91 12/31/1999 6,923,840.0000 TBC INC ISG POOLED EMPL FDS 6,923,840.00 1.000000 6,923,840.00 .00 4.17 12/31/1999 TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 24,234,202.00 24,234,202.00 .00 14.59 INVESTMENTS FIXED INCOME SECURITIES 1,000,000.0000 U S TREASURY NOTES 993,750.00 99.911000 999,110.00 5,360.00 .60 04.250% 12/31/1995 DD 12/31/93 TOTAL INVESTMENTS FIXED INCOME SECURITIES 993,750.00 999,110.00 5,360.00 .60 INVESTMENTS CONVERTIBLE SECURITIES 1,000,000.0000 AMR CORP DEL SUB CONV 823,100.00 106.500000 1,065,000.00 241,900.00 .64 6.125% 11/01/2024 DD 11/01/94 9,278.0000 TIMES MIRROR CO PFD CL B 199,822.11 25.750000 238,908.50 39,086.39 .14 906,000.0000 UNISYS CORP SUB CONV NT 1,053,176.10 92.250000 835,785.00 -217,391.10 .50 8.250% 08/01/2000 TOTAL INVESTMENTS CONVERTIBLE SECURITIES 2,076,098.21 2,139,693.50 63,595.29 1.29 INVESTMENTS COMMON STOCK 83,700.0000 ADT LTD NEW 843,209.00 14.000000 1,171,800.00 328,591.00 .71 6,500.0000 AK STL HLDG CORP 192,300.76 34.625000 225,062.50 32,761.74 .14 13,000.0000 ALLEGHENY PWR SYS INC 285,990.02 27.750000 360,750.00 74,759.98 .22
11-K17th Page of 161TOC1stPreviousNextBottomJust 17th
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 2 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 20,000.0000 ALUMAX INC 697,697.97 33.250000 665,000.00 -32,697.97 .40 28,600.0000 ALUMINUM CO AMER 958,005.75 58.500000 1,673,100.00 715,094.25 1.01 12,000.0000 AMBAC INC 469,729.74 44.125000 529,500.00 59,770.26 .32 12,700.0000 AMERADA HESS CORP 587,527.93 47.500000 603,250.00 15,722.07 .36 26,500.0000 AMERADA HESS CORP 1,199,185.00 47.500000 1,258,750.00 59,565.00 .76 48,900.0000 AMERICAN EXPRESS CO 954,421.54 42.500000 2,078,250.00 1,123,828.46 1.25 12,000.0000 AMERICAN INTL GROUP INC 691,435.00 89.750000 1,077,000.00 385,565.00 .65 16,000.0000 AMOCO CORP 883,627.50 67.750000 1,084,000.00 200,372.50 .65 13,300.0000 APPLE COMPUTER INC 559,849.83 38.125000 507,062.50 -52,787.33 .31 22,890.0000 ARCHER DANIELS MIDLAND CO 359,968.95 17.250000 394,852.50 34,883.55 .24 4,400.0000 ARMSTRONG WORLD INDS INC 204,303.08 59.875000 263,450.00 59,146.92 .16 36,100.0000 ASARCO INC 946,371.93 35.375000 1,277,037.50 330,665.57 .77 10,500.0000 ATLANTIC RICHFIELD CO 1,160,292.85 108.375000 1,137,937.50 -22,355.35 .69 27,300.0000 ATLANTIC RICHFIELD CO NTS 676,384.29 25.000000 682,500.00 6,115.71 .41 EXCH FOR LYONDELL PETROCHEM CO 19,800.0000 AUGAT INC 366,843.98 17.250000 341,550.00 -25,293.98 .21 18,000.0000 BANKAMERICA CORP 772,656.00 63.625000 1,145,250.00 372,594.00 .69 23,700.0000 BANKERS TR N Y CORP 1,449,513.80 64.875000 1,537,537.50 88,023.70 .93 14,000.0000 BARNETT BKS INC 626,976.00 60.125000 841,750.00 214,774.00 .51 64,100.0000 BCE INC 2,068,804.21 33.500000 2,147,350.00 78,545.79 1.29 16,400.0000 BOISE CASCADE CORP 602,559.80 37.250000 610,900.00 8,340.20 .37 15,300.0000 BOISE CASCADE CORP 498,658.21 37.250000 569,925.00 71,266.79 .34 2,000.0000 BRINKER INTL INC 27,120.00 15.375000 30,750.00 3,630.00 .02
11-K18th Page of 161TOC1stPreviousNextBottomJust 18th
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 3 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 16,900.0000 BRISTOL MYERS SQUIBB 1,038,824.65 80.250000 1,356,225.00 317,400.35 .82 12,300.0000 BURLINGTON COAT FACTORY WHSE 164,854.38 11.500000 141,450.00 -23,404.38 .09 CORP 54,600.0000 BURLINGTON INDS INC NEW 649,964.02 13.375000 730,275.00 80,310.98 .44 67,000.0000 CANADIAN PAC LTD ORD PAR $5.00 817,723.55 18.250000 1,222,750.00 405,026.45 .74 10,100.0000 CASTLE ENERGY CORP COM PAR 116,150.00 8.125000 82,062.50 -34,087.50 .05 $0.50 NEW 13,200.0000 CATERPILLAR INC 718,962.08 61.375000 810,150.00 91,187.92 .49 22,500.0000 CATERPILLAR INC 585,201.01 61.375000 1,380,937.50 795,736.49 .83 32,300.0000 CHARMING SHOPPES INC 165,207.51 2.312500 74,693.75 -90,513.76 .04 9,500.0000 CHELSEA GCA RLTY INC 268,981.13 27.875000 264,812.50 -4,168.63 .16 COM 21,500.0000 CHEVRON CORP 801,782.25 49.375000 1,061,562.50 259,780.25 .64 13,500.0000 CHUBB CORP 1,019,455.68 97.250000 1,312,875.00 293,419.32 .79 13,700.0000 CINERGY CORP 370,303.63 29.500000 404,150.00 33,846.37 .24 33,300.0000 CITICORP 620,695.76 70.750000 2,355,975.00 1,735,279.24 1.42 45,300.0000 CML GROUP INC 352,482.18 6.125000 277,462.50 -75,019.68 .17 17,100.0000 COLONIAL PPTYS TR COM SH BEN 389,109.00 24.625000 421,087.50 31,978.50 .25 INT 21,200.0000 COLTEC INDS INC 253,486.65 11.000000 233,200.00 -20,286.65 .14 23,800.0000 COLUMBIA GAS SYS INC 613,540.64 43.250000 1,029,350.00 415,809.36 .62 35,700.0000 COMMUNITY PSYCHIATRIC CTRS 355,475.37 11.125000 397,162.50 41,687.13 .24 12,000.0000 CONSOLIDATED NAT GAS CO 446,290.28 44.375000 532,500.00 86,209.72 .32 22,000.0000 CORNING INC 673,996.00 30.125000 662,750.00 -11,246.00 .40
11-K19th Page of 161TOC1stPreviousNextBottomJust 19th
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 4 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 890.0000 CROWN VANTAGE INC 10,152.21 17.250000 15,352.50 5,200.29 .01 3,900.0000 CROWN VANTAGE INC 45,414.40 17.250000 67,275.00 21,860.60 .04 8,000.0000 CUMMINS ENGINE INC 297,376.40 39.250000 314,000.00 16,623.60 .19 22,100.0000 CYPRUS AMAX MINERALS CO 659,352.02 27.500000 607,750.00 -51,602.02 .37 37,600.0000 DATA GEN CORP 383,800.20 12.125000 455,900.00 72,099.80 .27 14,900.0000 DAYTON HUDSON CORP 1,013,652.80 72.625000 1,082,112.50 68,459.70 .65 27,500.0000 DAYTON HUDSON CORP 1,739,985.69 72.625000 1,997,187.50 257,201.81 1.20 13,800.0000 DEERE & CO 362,333.54 32.875000 453,675.00 91,341.46 .27 43,200.0000 DEERE & CO 613,662.83 32.875000 1,420,200.00 806,537.17 .86 14,800.0000 DETROIT EDISON CO 413,625.33 32.625000 482,850.00 69,224.67 .29 37,500.0000 DIGITAL EQUIP CORP 1,546,609.70 58.875000 2,207,812.50 661,202.80 1.33 22,500.0000 DILLARD DEPT STORES INC CL A 608,850.00 28.875000 649,687.50 40,837.50 .39 38,000.0000 DONNELLEY R R & SONS CO 926,896.22 38.375000 1,458,250.00 531,353.78 .88 15,000.0000 DOW CHEM CO 777,322.81 70.875000 1,063,125.00 285,802.19 .64 7,200.0000 EASTMAN CHEM CO 449,978.68 65.625000 472,500.00 22,521.32 .28 53,300.0000 ENTERGY CORP NEW 1,435,516.86 27.875000 1,485,737.50 50,220.64 .89 21,300.0000 EQUITABLE RES INC 621,094.79 30.750000 654,975.00 33,880.21 .39 5,000.0000 EXXON CORP 245,533.83 77.375000 386,875.00 141,341.17 .23 14,100.0000 FEDERAL EXPRESS CORP 882,143.11 74.750000 1,053,975.00 171,831.89 .63 20,500.0000 FEDERAL EXPRESS CORP 1,100,060.33 74.750000 1,532,375.00 432,314.67 .92 31,000.0000 FEDERAL MOGUL CORP 566,200.30 19.125000 592,875.00 26,674.70 .36 17,600.0000 FEDERAL PAPER BRD INC 517,509.40 52.000000 915,200.00 397,690.60 .55
11-K20th Page of 161TOC1stPreviousNextBottomJust 20th
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 5 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 13,800.0000 FIRST COLONY CORP 333,906.83 26.000000 358,800.00 24,893.17 .22 15,000.0000 FLEMING COS INC 375,750.00 23.125000 346,875.00 -28,875.00 .21 35,200.0000 FORD MTR CO DEL 979,941.00 28.250000 994,400.00 14,459.00 .60 13,000.0000 FPL GROUP INC 413,149.25 43.375000 563,875.00 150,725.75 .34 23,000.0000 FRUIT OF THE LOOM INC CL A 594,101.30 19.375000 445,625.00 -148,476.30 .27 14,000.0000 GENERAL ELEC CO 448,740.04 67.250000 941,500.00 492,759.96 .57 28,300.0000 GENERAL MTRS CORP 1,368,303.90 48.500000 1,372,550.00 4,246.10 .83 38,500.0000 GENERAL MTRS CORP 1,527,948.91 48.500000 1,867,250.00 339,301.09 1.12 5,500.0000 GENERAL RE CORP 502,746.24 149.625000 822,937.50 320,191.26 .50 12,000.0000 GENUINE PARTS CO 456,720.00 40.375000 484,500.00 27,780.00 .29 34,300.0000 GEON CO 917,008.22 24.750000 848,925.00 -68,083.22 .51 32,000.0000 GOLDEN WEST FINL CORP DEL 1,281,769.40 51.125000 1,636,000.00 354,230.60 .99 15,000.0000 GRACE W R & CO 587,730.82 60.750000 911,250.00 323,519.18 .55 43,200.0000 GREAT WESTN FINL CORP 927,034.40 25.500000 1,101,600.00 174,565.60 .66 17,600.0000 GTE CORP 590,877.83 42.625000 750,200.00 159,322.17 .45 26,000.0000 HALLIBURTON CO 891,209.73 43.375000 1,127,750.00 236,540.27 .68 21,900.0000 HEWLETT PACKARD CO 488,142.63 82.875000 1,814,962.50 1,326,819.87 1.09 25,600.0000 INTERNATIONAL PAPER CO 952,529.70 38.125000 976,000.00 23,470.30 .59 37,000.0000 INTERNATIONAL PAPER CO 1,069,305.15 38.125000 1,410,625.00 341,319.85 .85 11,300.0000 INTL BUSINESS MACHS CORP 1,109,566.30 96.625000 1,091,862.50 -17,703.80 .66 18,700.0000 INTL BUSINESS MACHS CORP 1,337,568.82 96.625000 1,806,887.50 469,318.68 1.09 31,800.0000 IRVINE APT CMNTYS INC 547,812.20 18.000000 572,400.00 24,587.80 .34
11-K21st Page of 161TOC1stPreviousNextBottomJust 21st
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 6 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 26,400.0000 JAMES RIV CORP VA 755,064.78 31.500000 831,600.00 76,535.22 .50 36,000.0000 JAMES RIV CORP VA 674,677.02 31.500000 1,134,000.00 459,322.98 .68 75,000.0000 K MART CORP 1,231,630.00 7.750000 581,250.00 -650,380.00 .35 15,700.0000 KAMAN CORP CL A 194,758.38 11.500000 180,550.00 -14,208.38 .11 23,100.0000 KAUFMAN & BROAD HOME CORP 297,884.60 13.000000 300,300.00 2,415.40 .18 10,400.0000 LEHMAN BROTHERS HLDGS INC 135,131.89 22.625000 235,300.00 100,168.11 .14 27,500.0000 LIFE RE CORP 599,775.00 21.375000 587,812.50 -11,962.50 .35 15,300.0000 LINCOLN NATL CORP IND 572,161.53 46.750000 715,275.00 143,113.47 .43 25,500.0000 LOUISIANA PAC CORP 625,172.84 27.000000 688,500.00 63,327.16 .41 45,500.0000 LTV CORP NEW 776,553.52 14.500000 659,750.00 -116,803.52 .40 24,300.0000 MACERICH CO 472,316.14 19.750000 479,925.00 7,608.86 .29 48,000.0000 MASCO CORP 1,229,646.04 29.500000 1,416,000.00 186,353.96 .85 19,200.0000 MELVILLE CORP 620,568.30 31.125000 597,600.00 -22,968.30 .36 32,500.0000 MELVILLE CORP 1,405,980.00 31.125000 1,011,562.50 -394,417.50 .61 20,600.0000 MICHAELS STORES INC 375,366.93 16.500000 339,900.00 -35,466.93 .20 26,100.0000 MID OCEAN LTD 671,663.76 37.375000 975,487.50 303,823.74 .59 30,900.0000 MID-AMERN WASTE SYS INC 300,089.98 4.000000 123,600.00 -176,489.98 .87 12,500.0000 MINNESOTA MNG & MFG CO 571,530.80 65.500000 818,750.00 247,219.20 .49 14,500.0000 MORGAN J P & CO INC 696,665.24 78.500000 1,138,250.00 441,584.76 .69 9,200.0000 MOTOROLA INC 130,981.04 61.250000 563,500.00 432,518.96 .34 22,700.0000 MURPHY OIL CORP 973,457.37 39.375000 893,812.50 -79,644.87 .54 20,800.0000 NBD BANCORP 672,527.14 38.375000 798,200.00 125,672.86 .48
11-K22nd Page of 161TOC1stPreviousNextBottomJust 22nd
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 7 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 45,300.0000 NEW YORK ST ELEC & GAS CORP 983,969.85 26.000000 1,177,800.00 193,830.15 .71 33,000.0000 NORDSTROM INC 1,065,524.15 39.250000 1,295,250.00 229,725.85 .78 4,800.0000 NORTH AMERN MTG CO 93,444.00 22.625000 108,600.00 15,156.00 .07 40,000.0000 NORWEST CORP 527,174.30 33.000000 1,320,000.00 792,825.70 .79 14,900.0000 NYNEX CORP 560,239.33 49.625000 739,412.50 179,173.17 .45 27,500.0000 P P & L RESOURCES INC COM 647,979.84 24.875000 684,062.50 36,082.66 .41 4,300.0000 PACIFIC ENTERPRISES 105,608.00 26.750000 115,025.00 9,417.00 .07 30,800.0000 PACIFIC TELESIS GROUP 842,027.31 30.000000 924,000.00 81,972.69 .56 23,400.0000 PARKER HANNIFIN CORP 376,927.23 36.750000 859,950.00 483,022.77 .52 15,800.0000 PENNEY J C INC 728,617.60 46.875000 740,625.00 12,007.40 .45 16,000.0000 PFIZER INC 426,911.86 58.000000 928,000.00 501,088.14 .56 33,350.0000 PHARMACIA & UPJOHN INC 767,710.37 35.875000 1,196,431.25 428,720.88 .72 38,400.0000 PIER 1 IMPORTS INC 397,594.12 10.875000 417,600.00 20,005.88 .25 19,100.0000 PNC BK CORP 553,704.00 29.250000 558,675.00 4,971.00 .34 25,500.0000 PROCTER & GAMBLE CO 1,183,238.64 86.375000 2,202,562.50 1,019,323.86 1.33 10,500.0000 PRUDENTIAL REINS HLDGS INC 185,808.00 20.875000 219,187.50 33,379.50 .13 22,200.0000 PUBLIC SVC ENTERPRISE GROUP 617,236.83 29.625000 657,675.00 40,438.17 .40 31,531.0000 PXRE CORP 797,717.25 24.250000 764,626.75 -33,090.50 .46 18,500.0000 RAYCHEM CORP 516,514.75 52.000000 962,000.00 445,485.25 .58 47,700.0000 RELIANCE GROUP HLDGS INC 347,049.09 8.875000 423,337.50 76,288.41 .25 14,700.0000 REPSOL SA SPONSORED ADR 470,516.43 31.625000 464,887.50 -5,628.93 .28 13,000.0000 REPUBLIC N Y CORP 634,509.85 63.000000 819,000.00 184,490.15 .49
11-K23rd Page of 161TOC1stPreviousNextBottomJust 23rd
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 8 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 20,200.0000 REYNOLDS METALS CO 1,084,200.91 57.750000 1,166,550.00 82,349.09 .70 28,920.0000 RJR NABISCO HLDGS CORP COM NEW 870,411.62 29.125000 842,295.00 -28,116.62 .51 14,900.0000 ROCHESTER GAS & ELEC CORP 326,905.10 23.500000 350,150.00 23,244.90 .21 8,500.0000 ROYAL DUTCH PETE CO N Y REG SH 720,571.31 128.375000 1,091,187.50 370,616.19 .66 PAR N GLDR 5 33,200.0000 RYDER SYS INC 825,911.26 23.875000 792,650.00 -33,261.26 .48 12,700.0000 SCECORP 217,282.80 15.625000 198,437.50 -18,845.30 .12 3,500.0000 SCHLUMBERGER LTD 225,960.00 63.500000 222,250.00 -3,710.00 .13 23,000.0000 SHAWMUT NATL CORP 464,867.39 37.500000 862,500.00 397,632.61 .52 21,000.0000 SMITHKLINE BEECHAM P L C ADR 632,877.00 53.250000 1,118,250.00 485,373.00 .67 REPSTG EQUITY UNIT 7,500.0000 SONAT INC 224,090.30 32.250000 241,875.00 17,784.70 .15 13,200.0000 SOUTH WEST PPTY TR INC 161,960.38 12.500000 165,000.00 3,039.62 .10 26,200.0000 SPRINT CORP 806,048.61 40.000000 1,048,000.00 241,951.39 .63 16,000.0000 ST PAUL COS INC 508,261.48 56.000000 896,000.00 387,738.52 .54 10,400.0000 STOLT-NIELSEN SA 229,851.59 28.062500 291,850.00 61,998.41 .18 36,000.0000 STORAGE TECHNOLOGY CORP PAR 938,429.15 24.750000 891,000.00 -47,429.15 .54 $0.10 50,000.0000 TANDEM COMPUTERS INC 599,442.28 12.500000 625,000.00 25,557.72 .38 43,500.0000 TENET HEALTHCARE CORP COM 694,554.22 17.875000 777,562.50 83,008.28 .47 40,900.0000 TEXAS UTILS CO 1,507,163.63 38.500000 1,574,650.00 67,486.37 .95 20,500.0000 TEXAS UTILS CO 783,810.49 38.500000 789,250.00 5,439.51 .48 41,500.0000 TIG HLDGS INC 901,243.06 27.000000 1,120,500.00 219,256.94 .67
11-K24th Page of 161TOC1stPreviousNextBottomJust 24th
[Enlarge/Download Table] FRC GO00300 INVESTMENT DETAIL PAGE: 9 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF INCOME VALUE EQUITY FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------- -------------------------- ------------------- ----------------- ---------------- -------------- ------- 21,722.0000 TIMES MIRROR CO CL A 467,830.99 32.500000 705,965.00 238,134.01 .43 31,500.0000 TOYS R US INC 740,175.06 23.250000 732,375.00 -7,800.06 .44 57,600.0000 U S WEST COMMUNICATIONS GROUP 1,778,148.90 31.250000 1,800,000.00 21,851.10 1.08 24,000.0000 UNION PAC CORP 1,086,486.50 67.750000 1,626,000.00 539,513.50 .98 11,200.0000 UNION PAC RES GROUP INC 235,200.00 23.250000 260,400.00 25,200.00 .16 47,400.0000 USX-MARATHON GROUP NEW 958,748.85 18.375000 870,975.00 -87,773.85 .52 30,700.0000 USX-U S STL GROUP 1,126,176.25 32.625000 1,001,587.50 -124,588.75 .60 6,000.0000 V F CORP 306,360.00 52.000000 312,000.00 5,640.00 .19 33,900.0000 VALERO ENERGY CORP 697,509.64 25.875000 877,162.50 179,652.86 .53 8,000.0000 WESTERN ATLAS INC 360,400.00 47.875000 383,000.00 22,600.00 .23 18,000.0000 WEYERHAEUSER CO 500,794.67 45.250000 814,500.00 313,705.33 .49 12,000.0000 WHIRLPOOL CORP 347,706.50 55.500000 666,000.00 318,293.50 .40 10,500.0000 XEROX CORP 737,943.91 137.125000 1,439,812.50 701,868.59 .87 47,000.0000 YPF SOCIEDAD ANONIMA SPONSORED 885,346.87 19.500000 916,500.00 31,153.13 .55 ADR REPSTC CL D SHS TOTAL INVESTMENTS COMMON STOCK 111,191,148.85 138,703,079.25 27,511,930.40 83.52 TOTAL INVESTMENT 138,495,199.06 166,076,084.75 27,580,885.69 100.00
11-K25th Page of 161TOC1stPreviousNextBottomJust 25th
FRC G000400 UAL PILOTS DIRECTED ACCOUNT INVESTMENT DETAIL PAGE: 1 GROWTH EQUITY FUND 11/30/1995 HHFR005BF Item 27a: Schedule of Assets Held for Investment Purposes BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- INVESTMENTS CASH & CASH EQUIVALENTS 5,320,125.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 5,320,125.00 1.000000 5,320,125.00 .00 2.44 25,671,439.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 25,671,439.00 1.000000 25,671,439.00 .00 11.80 400,363.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 400,363.00 1.000000 400,363.00 .00 .18 TOTAL INVESTMENTS CASH & EQUIVALENTS 31,391,927.00 31,391,927.00 .00 14.42 INVESTMENTS FIXED INCOME SECURITIES 1,100,000.0000 U S TREASURY NOTES 04.250% 12/31/1995 DD 12/31/93 1,092,250.00 99.911000 1,099,021.00 6,771.00 .50 TOTAL INVESTMENTS FIXED INCOME SECURITIES 1,092,250.00 1,099,021.00 6,771.00 .50 INVESTMENTS COMMON STOCK 78,700.0000 AIRTOUCH COMMUNICATIONS INC 1,846,019.95 29.125000 2,292,137.50 446,117.55 1.05 143,000.0000 AIRTOUCH COMMUNICATIONS INC 3,977,116.90 29.125000 4,164,875.00 187,758.10 1.93 30,450.0000 AMERICAN INTL GROUP INC 2,176,994.48 89.750000 2,732,887.50 555,893.02 1.26 17,400.0000 AMGEN INC 734,779.21 49.625000 863,475.00 128,695.79 .40 83,400.0000 APPLIED MATLS INC 3,889,696.40 48.625000 4,055,325.00 165,628.60 1.86 44,900.0000 AT & T CORP 2,817,834.90 66.000000 2,963,400.00 145,565.10 1.36 66,700.0000 AUTOZONE INC 1,103,903.97 29.125000 1,942,637.50 838,733.53 .89 53,500.0000 BIOGEN INC 2,164,137.44 54.500000 2,915,750.00 751,612.56 1.34 49,300.0000 BLOCK H & R INC 2,074,747.28 44.500000 2,193,850.00 119,102.72 1.01 46,700.0000 BOSTON CHICKEN INC 912,745.81 34.625000 1,616,987.50 704,241.69 .74
11-K26th Page of 161TOC1stPreviousNextBottomJust 26th
FRC G000400 UAL PILOTS DIRECTED ACCOUNT INVESTMENT DETAIL PAGE: 2 GROWTH EQUITY FUND 11/30/1995 HHFR005BF [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 40,900.0000 BOSTON SCIENTIFIC CORP 1,676,240.50 40.500000 1,656,450.00 -19,790.50 .76 24,600.0000 BRITISH AIRWAYS PLC ADR 2ND INSTALLMENT 1,504,386.51 70.375000 1,731,225.00 226,838.49 .80 300.0000 CASCADE COMMUNICATIONS CORP 24,450.00 87.250000 26,175.00 1,725.00 .01 33,500.0000 CISCO SYS INC 1,622,280.87 84.125000 2,818,187.50 1,195,906.63 1.29 30,300.0000 CISCO SYS INC 1,237,464.81 84.125000 2,548,987.50 1,311,522.69 1.17 7,000.0000 COCA COLA CO 427,691.02 75.750000 530,250.00 102,558.98 .24 44,500.0000 COLUMBIA/HCA HEALTHCARE CORP 1,792,357.82 51.625000 2,297,312.50 504,954.68 1.06 39,900.0000 COMPAQ COMPUTER CORP 1,816,367.95 49.500000 1,975,050.00 158,682.05 .91 50,100.0000 COX COMMUNICATIONS INC CL A 965,643.00 20.000000 1,002,000.00 36,357.00 .46 51,300.0000 CUC INTL INC 1,020,859.67 38.000000 1,949,400.00 928,540.33 .90 43,000.0000 DISNEY WALT CO 2,373,134.23 60.125000 2,585,375.00 212,240.77 1.19 41,850.0000 ERICSSON L M TEL CO ADR CL B SEK 10 933,808.42 23.750000 993,937.50 60,129.08 .86 78,700.0000 ERICSSON L M TEL CO ADR CL B SEK 10 982,489.58 23.750000 1,869,125.00 886,635.42 .46 32,500.0000 FEDERAL HOME LN MTG CORP COMMON 1,809,057.23 77.000000 2,502,500.00 693,442.77 1.15 16,400.0000 FEDERAL NATL MTG ASSN 1,537,760.50 109.500000 1,795,800.00 258,039.50 .83 10,800.0000 FIRST BK SYS INC 349,431.05 51.625000 557,550.00 208,118.95 .26 18,200.0000 FIRST CHICAGO CORP 1,291,836.40 69.500000 1,264,900.00 -26,936.40 .58 12,800.0000 FIRST DATA CORP 868,262.40 71.000000 908,800.00 40,537.60 .42 11,600.0000 FIRST DATA CORP 709,819.10 71.000000 823,600.00 113,780.90 .38 9,000.0000 FIRST INTST BANCORP 1,201,600.60 134.000000 1,206,000.00 4,399.40 .55
11-K27th Page of 161TOC1stPreviousNextBottomJust 27th
FRC G000400 UAL PILOTS DIRECTED ACCOUNT INVESTMENT DETAIL PAGE: 3 GROWTH EQUITY FUND 11/30/1995 HHFR005BF [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 50,000.0000 GENERAL MTRS CORP CL E 2,140,100.87 50.500000 2,525,000.00 384,899.13 1.16 11,300.0000 GENERAL RE CORP 1,516,616.80 149.625000 1,690,762.50 174,145.70 .78 34,800.0000 GENZYME CORP 1,955,883.70 65.250000 2,270,700.00 314,816.30 1.04 41,600.0000 GILLETTE CO 1,752,424.88 51.875000 2,158,000.00 405,575.12 .99 17,600.0000 HBO & CO 1,099,625.60 74.750000 1,315,600.00 215,974.40 .60 38,200.0000 HEALTHSOURCE INC 1,464,174.04 62.500000 2,387,500.00 923,325.96 1.10 23,100.0000 HEWLETT PACKARD CO 2,130,728.50 82.875000 1,914,412.50 -216,316.00 .89 38,500.0000 HEWLETT PACKARD CO 2,389,958.46 82.875000 3,190,687.50 800,729.04 1.47 65,357.0000 HOME DEPOT INC 2,234,505.52 44.375000 2,900,216.88 665,711.36 1.33 29,600.0000 HOME DEPOT INC 1,203,876.87 44.375000 1,313,500.00 109,623.13 .60 80,800.0000 INFORMIX CORP 714,293.46 27.687500 2,237,150.00 1,522,856.54 1.03 24,600.0000 INTEL CORP 1,084,724.47 60.875000 1,497,525.00 412,800.53 .69 118,200.0000 INTEL CORP 6,373,914.61 60.875000 7,195,425.00 821,510.39 3.31 21,700.0000 INTUIT 1,030,093.08 84.000000 1,822,800.00 792,706.92 .84 30,500.0000 ITT CORP 3,650,812.00 122.625000 3,740,062.50 89,250.50 1.72 46,790.0000 KLM ROYAL DUTCH AIRLS COM NY REG 1,494,566.12 34.500000 1,614,255.00 119,688.88 .74 63,700.0000 LOWES COS INC 1,398,111.85 31.500000 2,006,550.00 608,438.15 .92 47,400.0000 MBNA CORP 1,242,636.85 40.375000 1,913,775.00 671,138.15 .88 80,600.0000 MCDONALDS CORP 2,789,364.64 44.625000 3,596,775.00 807,410.36 1.65 27,700.0000 MEDTRONIC INC 1,173,294.89 54.875000 1,520,037.50 346,742.61 .70 60,800.0000 MERRILL LYNCH & CO INC 3,328,685.45 55.625000 3,382,000.00 53,314.55 1.55
11-K28th Page of 161TOC1stPreviousNextBottomJust 28th
FRC G000400 UAL PILOTS DIRECTED ACCOUNT INVESTMENT DETAIL PAGE: 4 GROWTH EQUITY FUND 11/30/1995 HHFR005BF [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 49,800.0000 MICRON TECHNOLOGY INC 3,457,038.90 54.750000 2,726,550.00 -730,488.90 1.25 21,800.0000 MICROSOFT CORP 1,132,066.44 87.125000 1,899,325.00 767,258.56 .87 16,500.0000 MICROSOFT CORP 1,338,082.61 87.125000 1,437,562.50 99,479.89 .66 35,100.0000 MOBILE TELECOMMUNICTNS TECH 1,110,297.73 23.000000 807,300.00 -302,997.73 .37 19,500.0000 MOTOROLA INC 962,113.81 61.250000 1,194,375.00 232,261.19 .55 34,700.0000 MOTOROLA INC 2,059,570.46 61.250000 2,125,375.00 65,804.54 .98 17,100.0000 NATIONSBANK CORP 883,089.50 71.375000 1,220,512.50 337,423.00 .56 15,400.0000 NETCOM ON-LINE COMMUNICATON SVCS INC 1,087,000.50 73.000000 1,124,200.00 37,199.50 .52 8,600.0000 NETSCAPE COMMUNICATIONS CORP 861,254.70 138.250000 1,188,950.00 327,695.30 .55 43,700.0000 NOKIA CORP ADR 2,581,039.00 54.250000 2,370,725.00 -210,314.00 1.09 51,700.0000 NOKIA CORP ADR 2,525,131.51 54.250000 2,804,725.00 279,593.49 1.29 49,900.0000 NORTHWEST AIRLS CORP CL A 1,106,129.60 50.375000 2,513,712.50 1,407,582.90 1.15 139,700.0000 NORWEST CORP 3,269,780.59 33.000000 4,610,100.00 1,340,319.41 2.12 71,050.0000 OFFICE DEPOT INC 1,385,309.76 24.500000 1,740,725.00 355,415.24 .80 67,800.0000 OFFICEMAX INC 1,095,638.16 22.750000 1,542,450.00 446,811.84 .71 43,800.0000 ORACLE CORP 343,628.60 45.375000 1,987,425.00 1,643,796.40 .91 22,050.0000 ORACLE CORP 694,932.43 45.375000 1,000,518.75 305,586.32 .46 39,100.0000 OXFORD HEALTH PLANS INC 1,372,074.26 75.000000 2,932,500.00 1,560,425.74 1.35 48,300.0000 PAGING NETWORK INC 846,485.09 22.250000 1,074,675.00 228,189.91 .49 25,200.0000 PEOPLESOFT INC 1,094,930.50 42.000000 1,058,400.00 -36,530.50 .49 9,400.0000 PEPSICO INC 438,316.88 55.250000 519,350.00 81,033.12 .24 56,900.0000 PETSMART INC 1,105,196.22 32.250000 1,835,025.00 729,828.78 .84
11-K29th Page of 161TOC1stPreviousNextBottomJust 29th
FRC G000400 UAL PILOTS DIRECTED ACCOUNT INVESTMENT DETAIL PAGE: 5 GROWTH EQUITY FUND 11/30/1995 HHFR005BF [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 22,600.0000 PFIZER INC 961,320.04 58.000000 1,310,800.00 349,479.96 .60 89,900.0000 PHILIP MORRIS COS INC 5,283,075.73 87.750000 7,888,725.00 2,605,649.27 3.62 95,550.0000 STAPLES INC 958,594.26 25.500000 2,436,525.00 1,477,930.74 1.12 59,000.0000 STARBUCKS CORP 1,580,062.48 42.250000 2,492,750.00 912,687.52 1.15 24,900.0000 SYBASE INC 969,723.80 35.125000 874,612.50 -95,111.30 .40 34,575.0000 TELE COMM INC NEW COM LIBERTY MEDIA GROUP SER A 739,526.20 28.000000 968,100.00 228,573.80 .44 172,400.0000 TELE COMMUNICATIONS INC NEW A 2,930,162.97 18.500000 3,189,400.00 259,237.03 1.47 18,800.0000 TELEPHONE & DATA SYS INC 753,917.07 38.125000 716,750.00 -37,167.07 .33 64,100.0000 TELLABS INC 2,219,290.50 39.250000 2,515,925.00 296,634.50 1.16 30,100.0000 THE TRAVELERS GROUP INC 1,547,831.73 59.500000 1,790,950.00 243,118.27 .82 12,652.0000 TSL HOLDINGS PURCHASE COUPON EXP 11/30/1993 .00 .000000 .00 .00 .00 31,600.0000 UNITED HEALTHCARE CORP 1,317,289.22 62.875000 1,986,850.00 669,560.78 .91 48,200.0000 UNITED HEALTHCARE CORP 1,731,351.56 62.875000 3,030,575.00 1,299,223.44 1.39 10,819.0000 VIACOM INC CLASS B 506,046.73 48.250000 522,016.75 15,970.02 .24 44,800.0000 VODAFONE GROUP PLC SPONSORED ADR 952,876.79 36.125000 1,618,400.00 665,523.21 .74 12,400.0000 WAL MART STORES INC 275,895.88 24.000000 297,600.00 21,704.12 .14 73,800.0000 WORLDCOM INC 2,119,578.60 32.500000 2,398,500.00 278,921.40 1.10 52,900.0000 3COM CORP 2,027,399.10 45.750000 2,420,175.00 392,775.90 1.11 TOTAL INVESTMENTS COMMON STOCK 145,634,360.57 185,149,819.88 39,515,459.31 85.07
11-K30th Page of 161TOC1stPreviousNextBottomJust 30th
FRC G000400 UAL PILOTS DIRECTED ACCOUNT INVESTMENT DETAIL PAGE: 6 GROWTH EQUITY FUND 11/30/1995 HHFR005BF [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- TOTAL INVESTMENT 178,118,537.57 217,640,767.88 39,522,230.31 100.00
11-K31st Page of 161TOC1stPreviousNextBottomJust 31st
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 1 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ----------- ------ INVESTMENTS CASH & CASH EQUIVALENTS 34,923,729.0000 TBC INC ISG POOLED EMPL FDS 34,923,729.00 1.000000 34,923,729.00 .00 13.29 12/31/1999 2,869,764.0000 TBC INC ISG POOLED EMPL FDS 2,869,764.00 1.000000 2,869,764.00 .00 1.09 12/31/1999 1,195,420.0000 TBC INC ISG POOLED EMPL FDS 1,195,420.00 1.000000 1,195,420.00 .00 .45 12/31/1999 660,892.0000 TBC INC ISG POOLED EMPL FDS 660,892.00 1.000000 660,892.00 .00 .25 12/31/1999 TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 39,649,805.00 39,649,805.00 .00 15.08 INVESTMENTS FIXED INCOME SECURITIES 1,500,000.0000 U S TREASURY NOTES 1,490,546.88 99.911000 1,498,665.00 8,118.12 .57 04.250% 12/31/1995 DD 12/31/93 TOTAL INVESTMENTS FIXED INCOME SECURITIES 1,490,546.88 1,490,546.88 8,118.12 .57 INVESTMENTS COMMON STOCK 2,900.0000 AAMES FINANCIAL CORP 78,741.50 31.750000 92,075.00 13,333.50 .04 22,765.0000 ABR INFORMATION SVCS INC 280,137.30 34.000000 774,010.00 493,872.70 .29 2,300.0000 ACC CORP 48,898.00 21.500000 49,450.00 552.00 .02 4,200.0000 ACCUSTAFF INC 77,721.00 30.000000 126,000.00 48,279.00 .05 5,400.0000 ACME CLEVELAND CORP NEW 115,262.85 22.750000 122,850.00 7,587.15 .05 1,100.0000 ACME METALS INC 18,023.50 15.250000 16,775.00 -1,248.50 .01 1,200.0000 ACTIVE VOICE CORP 36,924.00 27.000000 32,400.00 -4,524.00 .01 9,300.0000 ACTIVISION INC 160,001.85 17.625000 163,912.50 3,910.65 .06
11-K32nd Page of 161TOC1stPreviousNextBottomJust 32nd
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 2 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ----------- ------ 3,000.0000 ACX TECHNOLOGIES INC 58,530.00 16.500000 49,500.00 -9,030.00 .02 28,800.0000 ADAPTEC INC 847,630.47 46.875000 1,350,000.00 502,369.53 .51 26,200.0000 ADFLEX SOLUTIONS INC 459,338.91 28.500000 746,700.00 287,361.09 .28 3,122.0000 ADVANCED THERAPEUTIC SYSTEMS 70,584.74 27.750000 86,635.50 16,050.76 .03 27,400.0000 ADVENT SOFTWARE INC 570,777.50 21.000000 575,400.00 4,622.50 .22 1,200.0000 ADVO INC 20,630.00 26.500000 31,800.00 11,170.00 .01 27,600.0000 AGOURON PHARMACEUTICALS INC 779,469.72 29.750000 821,100.00 41,630.28 .31 3,300.0000 AIR EXPRESS INTL CORP 74,283.00 23.500000 77,550.00 3,267.00 .03 3,400.0000 ALBANK FINL CORP 77,418.00 29.750000 101,150.00 23,732.00 .04 28,500.0000 ALBANY INTL CORP CL A 543,495.00 21.375000 609,187.50 65,692.50 .23 7,100.0000 ALBANY INTL CORP CL A 179,300.80 21.375000 151,762.50 -27,538.30 .06 11,400.0000 ALBEMARLE CORP 180,446.01 18.375000 209,475.00 29,028.99 .08 25,600.0000 ALLIANCE SEMICONDUCTOR CORP 976,478.03 22.500000 576,000.00 -400,478.03 .22 1,400.0000 ALLIED GROUP INC 35,203.00 35.500000 49,700.00 14,497.00 .02 3,600.0000 ALLMERICA PPTY & CAS COS INC 63,415.00 25.500000 91,800.00 28,385.00 .03 2,700.0000 ALTERNATIVE RES CORP 80,079.00 30.000000 81,000.00 921.00 .03 4,000.0000 ALTRON INC 61,186.00 29.500000 118,000.00 56,814.00 .04 8,400.0000 ALUMAX INC 234,869.32 33.250000 279,300.00 44,430.68 .11 1,700.0000 AMC ENTMT INC 36,799.90 21.750000 36,975.00 175.10 .01 2,000.0000 AMCAST INDL CORP 38,308.50 18.500000 37,000.00 -1,308.50 .01 20,726.0000 AMERICA ONLINE INC DEL 445,584.61 40.875000 847,175.25 401,590.64 .32 43,000.0000 AMERICA WEST AIRLS INC CL B 696,901.00 17.875000 768,625.00 71,724.00 .29
11-K33rd Page of 161TOC1stPreviousNextBottomJust 33rd
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 3 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ----------- ------ 4,000.0000 AMERICAN BANKERS INS GROUP INC 95,242.45 36.125000 144,500.00 49,257.55 .05 2,400.0000 AMERICAN BLDGS CO NEW 55,674.00 22.625000 54,300.00 -1,374.00 .02 2,000.0000 AMERICAN BUSINESS PRODS INC GA 37,796.00 23.375000 46,750.00 8,954.00 .02 8,600.0000 AMERICAN MED RESPONSE INC 236,297.80 28.625000 246,175.00 9,877.20 .09 5,000.0000 AMERICAN MGMT SYS INC 86,300.00 29.750000 148,750.00 62,450.00 .06 1,000.0000 AMERICAN NATL INS CO 46,145.00 61.000000 61,000.00 14,855.00 .02 10,600.0000 AMERICAN PRESIDENT COS LTD 273,744.00 25.000000 265,000.00 -8,744.00 .10 20,600.0000 AMERIDATA TECHNOLOGIES INC 232,230.60 10.625000 218,875.00 -13,355.60 .08 36,500.0000 AMERIN CORP 605,100.11 22.000000 803,000.00 197,899.89 .31 17,800.0000 AMERISOURCE HEALTH CORP CL A 373,800.00 29.000000 516,200.00 142,400.00 .20 58,200.0000 ANIXTER INTERNATIONAL INC 1,069,770.25 17.750000 1,033,050.00 -36,720.25 .39 6,400.0000 ANIXTER INTERNATIONAL INC 118,408.65 17.750000 113,600.00 -4,808.65 .04 1,800.0000 ANTHONY INDS INC 34,553.88 22.375000 40,275.00 5,721.12 .02 14,700.0000 APAC TELESERVICES INC 247,753.03 31.625000 464,887.50 217,134.47 .18 1,900.0000 APOGEE INC 33,682.63 9.750000 18,525.00 -15,157.63 .01 1,700.0000 APPLIED MAGNETICS CORP 26,741.76 15.500000 26,350.00 -391.76 .01 2,400.0000 APPLIX INC 63,648.00 40.875000 98,100.00 34,452.00 .04 2,900.0000 APTARGROUP INC 76,947.50 36.000000 104,400.00 27,452.50 .04 32,886.0000 ARBOR SOFTWARE CORP 993,207.86 43.000000 1,414,098.00 420,890.14 .54 29,700.0000 ARCADIAN CORP 507,602.70 20.750000 616,275.00 108,672.30 .23 12,200.0000 ASARCO INC 344,175.40 35.375000 431,575.00 87,399.60 .16 23,960.0000 ASCEND COMMUNICATIONS INC 602,770.00 71.500000 1,713,140.00 1,110,370.00 .65
11-K34th Page of 161TOC1stPreviousNextBottomJust 34th
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 4 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ----------- ------ 2,400.0000 ASECO CORP 47,302.08 16.500000 39,600.00 -7,702.08 .02 34,205.0000 ASPEN TECHNOLOGY INC 720,257.46 30.000000 1,026,150.00 305,892.54 .03 2,900.0000 ASPEN TECHNOLOGY INC 74,733.00 30.000000 87,000.00 12,267.00 .39 7,300.0000 ASTORIA FINL CORP 191,159.75 43.500000 317,550.00 126,390.25 .12 4,100.0000 AT & T CAP CORP 105,630.00 39.625000 162,462.50 56,832.50 .06 3,900.0000 ATLANTA GAS LT CO 150,333.20 38.250000 149,175.00 -1,158.20 .06 8,100.0000 ATLANTIC ENERGY INC N J 157,383.55 19.625000 158,962.50 1,578.95 .06 43,000.0000 ATLAS AIR INC 746,860.63 15.250000 655,750.00 -91,110.63 .25 2,400.0000 AUTHENTIC FITNESS CORP 47,755.20 21.125000 50,700.00 2,944.80 .02 17,850.0000 AVANT CORPORATION 336,375.00 45.000000 803,250.00 466,875.00 .31 21,500.0000 AVID TECHNOLOGY INC 966,161.15 39.625000 851,937.50 -114,223.65 .32 11,800.0000 AVNET INC 434,059.50 47.000000 554,600.00 120,540.50 .21 13,250.0000 BABY SUPERSTORE INC 466,476.01 56.250000 745,312.50 278,836.49 .28 7,900.0000 BALL CORP 249,687.30 28.625000 226,137.50 -23,549.80 .09 3,600.0000 BANKERS CORP 47,736.00 17.063000 61,425.00 13,689.00 .02 5,100.0000 BANTA CORP 151,990.00 43.750000 223,125.00 71,135.00 .08 9,300.0000 BARD C R INC 260,830.62 28.875000 268,537.50 7,706.88 .10 10,300.0000 BARNES & NOBLE INC COM 260,677.45 36.750000 378,525.00 117,847.55 .14 13,000.0000 BARNES & NOBLE INC COM 392,895.68 36.750000 477,750.00 84,854.32 .18 16,900.0000 BAYBANKS INC 783,649.16 83.000000 1,402,700.00 619,050.84 .53 2,700.0000 BEL FUSE INC 37,179.00 11.375000 30,712.50 -6,466.50 .01 3,400.0000 BELDEN INC COM 84,649.80 27.000000 91,800.00 7,150.20 .03
11-K35th Page of 161TOC1stPreviousNextBottomJust 35th
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 5 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ---------- ------ 35,330.0000 BELDEN INC COM 876,227.30 27.000000 953,910.00 77,682.70 .36 2,730.0000 BELL INDS INC 52,709.80 22.750000 62,107.50 9,397.70 .02 2,100.0000 BEN & JERRYS HOMEMADE INC CL A 41,479.41 15.625000 32,812.50 -8,666.91 .01 8,510.0000 BERGEN BRUNSWIG CORP CL A 166,911.10 24.000000 204,240.00 37,328.90 .08 17,700.0000 BEST BUY INC 484,166.88 20.500000 362,850.00 -121,316.88 .14 3,600.0000 BIG B INC 49,122.00 10.125000 36,450.00 -12,672.00 .01 45,900.0000 BIG FLOWER PRESS 734,400.00 15.375000 705,712.50 -28,687.50 .27 2,200.0000 BINDLEY WESTN INDS INC 29,447.00 17.875000 39,325.00 9,878.00 .01 3,100.0000 BIO RAD LABS INC CL A 99,240.60 41.250000 127,875.00 28,634.40 .05 2,000.0000 BISYS GROUP INC 39,895.00 28.250000 56,500.00 16,605.00 .02 5,100.0000 BJ SVCS CO 128,303.50 24.625000 125,587.50 -2,716.00 .05 17,000.0000 BJ SVCS CO 337,297.50 24.625000 418,625.00 81,327.50 .16 1,030.0000 BLOCK DRUG INC CL A 37,270.00 39.000000 40,170.00 2,900.00 .02 2,850.0000 BLOUNT INTL INC CL A 82,213.00 30.125000 85,856.25 3,643.25 .03 18,000.0000 BMC INDS INC MINN 335,481.00 16.750000 301,500.00 -33,981.00 .11 17,200.0000 BMC SOFTWARE INC 406,138.74 42.250000 726,700.00 320,561.26 .28 8,000.0000 BOISE CASCADE CORP 306,334.28 37.250000 298,000.00 -8,334.28 .11 57,500.0000 BORDERS GROUP INC 870,337.10 17.625000 1,013,437.50 143,100.40 .39 25,000.0000 BORDERS GROUP INC 468,772.44 17.625000 440,625.00 -28,147.44 .17 5,300.0000 BORG WARNER AUTOMOTIVE INC COM 133,845.00 29.625000 157,012.50 23,167.50 .06 19,832.0000 BOSTON BEER INC CL A 483,339.53 25.750000 510,674.00 27,334.47 .19 6,200.0000 BOSTON EDISON CO 149,248.37 27.875000 172,825.00 23,576.63 .07
11-K36th Page of 161TOC1stPreviousNextBottomJust 36th
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 6 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ---------- ------ 6,700.0000 BOWATER INC 308,172.53 39.750000 266,325.00 -41,847.53 .10 6,000.0000 BRADLEES INC 36,802.72 1.625000 9,750.00 -27,052.72 .00 10,400.0000 BRIGGS & STRATTON CORP 306,941.39 41.625000 432,900.00 125,958.61 .16 2,500.0000 BROOKLYN UN GAS CO 62,295.00 28.250000 70,625.00 8,330.00 .03 30,100.0000 BROOKS AUTOMATION INC 268,812.50 17.000000 511,700.00 242,887.50 .19 3,900.0000 BROOKTROUT TECHNOLOGY INC 81,532.62 24.500000 95,550.00 14,017.38 .04 62,100.0000 BROWN TOM INC NEW 683,100.00 12.750000 791,775.00 108,675.00 .30 1,500.0000 BUTLER MFG CO DEL 41,020.00 34.500000 51,750.00 10,730.00 .02 2,100.0000 C TEC CORP 56,596.26 29.000000 60,900.00 4,303.74 .02 6,700.0000 C-CUBE MICROSYSTEMS INC 387,181.72 100.250000 671,675.00 284,493.28 .26 13,900.0000 CABOT CORP 435,339.58 47.000000 653,300.00 217,960.42 .25 3,500.0000 CACI INTL INC CL A 44,222.50 12.000000 42,000.00 -2,222.50 .02 9,600.0000 CADENCE DESIGN SYS INC 318,540.80 36.000000 345,600.00 27,059.20 .13 57,700.0000 CAIRN ENERGY USA INC 416,493.77 12.625000 728,462.50 311,968.73 .28 4,600.0000 CALIFORNIA AMPLIFIER INC 56,129.50 28.750000 132,250.00 76,120.50 .05 7,000.0000 CALIFORNIA ENERGY INC 126,154.00 19.250000 134,750.00 8,596.00 .05 15,500.0000 CALLAWAY GOLF CO 250,278.50 19.875000 308,062.50 57,784.00 .12 1,200.0000 CAMBREX CORP 48,312.00 37.000000 44,400.00 -3,912.00 .02 4,700.0000 CAMBRIDGE TECHNOLOGY PARTNERS 154,268.90 49.500000 232,650.00 78,381.10 .09 MASS INC 6,600.0000 CAMCO INTL INC COM 124,332.75 23.500000 155,100.00 30,767.25 .06 1,900.0000 CANNONDALE CORP 34,467.33 14.250000 27,075.00 -7,392.33 .01 7,200.0000 CARPENTER TECHNOLOGY CORP 230,957.00 43.250000 311,400.00 80,443.00 .12
11-K37th Page of 161TOC1stPreviousNextBottomJust 37th
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 7 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ---------- ------ 5,400.0000 CARSON PIRIE SCOTT & CO ILL 92,245.50 19.875000 107,325.00 15,079.50 .04 18,120.0000 CASCADE COMMUNICATIONS CORP 582,455.64 87.250000 1,580,970.00 998,514.36 .60 18,500.0000 CASE CORP 374,558.88 41.750000 772,375.00 397,816.12 .29 9,800.0000 CASTECH ALUM GROUP INC 196,196.00 15.250000 149,450.00 -46,746.00 .06 1,600.0000 CCB FINL CORP 55,632.00 50.000000 80,000.00 24,368.00 .03 3,100.0000 CDW COMPUTER CTFS INC 117,862.00 51.500000 159,650.00 41,788.00 .06 2,800.0000 CELADON GROUP INC 48,006.00 9.000000 25,200.00 -22,806.00 .01 1,500.0000 CELESTIAL SEASONINGS INC 22,702.50 19.250000 28,875.00 6,172.50 .01 3,300.0000 CELLULAR COMMUNICATIONS INC 170,412.00 47.875000 157,987.50 -12,424.50 .06 NEW RED COM SER A 2,800.0000 CENTEX CONSTR PRODS INC 39,928.00 14.000000 39,200.00 -728.00 .01 2,300.0000 CENTRAL FID BKS INC 56,373.00 33.000000 75,900.00 19,527.00 .03 4,000.0000 CENTRAL HUDSON GAS & ELEC CORP 105,100.00 30.375000 121,500.00 16,400.00 .05 2,000.0000 CENTRAL LA ELEC INC NEW 52,046.00 25.625000 51,250.00 -796.00 .02 9,500.0000 CENTRAL ME PWR CO 130,853.00 13.500000 128,250.00 -2,603.00 .05 3,200.0000 CENTRAL VT PUB SVC CORP 41,680.00 13.500000 43,200.00 1,520.00 .02 78,700.0000 CENTURY COMMUNICATIONS CORP CL 730,456.25 8.500000 668,950.00 -61,506.25 .25 A 14,300.0000 CENTURY TEL ENTERPRISES INC 436,785.56 31.250000 446,875.00 10,089.44 .17 4,600.0000 CEPHALON INC 130,751.17 27.750000 127,650.00 -3,101.17 .05 9,700.0000 CHAMPION ENTERPRISES INC 152,313.32 30.000000 291,000.00 138,686.68 .11 5,200.0000 CHARTER ONE FINL INC 101,910.25 32.000000 166,400.00 64,489.75 .06 1,600.0000 CHARTER PWR SYS INC 46,236.80 24.875000 39,800.00 -6,436.80 .02
11-K38th Page of 161TOC1stPreviousNextBottomJust 38th
[Enlarge/Download Table] FAC G000500 INVESTMENT DETAIL PAGE: 8 UAL PILOTS DIRECTED ACCOUNT PLAN 11/30/1995 HMFROO5BF SMALL CAPITAL EQUITY FUND BASE CURRENCY: USD Item 27a: Schedule of Assets Held for Investment Purposes UNREALIZED % OF SHARES/PAR VALUE Security Description Cost Market Price Market Value Gain/Loss MARKET ------------------ --------------------------- ------------- ------------ ------------- ---------- ------ 67,800.0000 CHECKFREE CORP 1,288,000.00 25.000000 1,695,000.00 407,000.00 .64 2,300.0000 CHEMED CORP 77,383.50 38.875000 89,412.50 12,029.00 .03 5,500.0000 CHESAPEAKE CORP 166,430.00 29.500000 162,250.00 -4,180.00 .06 12,000.0000 CHESAPEAKE ENERGY CORP 324,799.15 42.500000 510,000.00 185,200.85 .19 400.0000 CHEYENNE SOFTWARE INC 6,188.90 23.250000 9,300.00 3,111.10 .00 5,326.0000 CHRIS CRAFT INDS INC 184,606.50 41.125000 219,031.75 34,425.25 .08 14,400.0000 CIDCO INC 501,679.78 26.500000 381,600.00 -120,079.78 .15 7,700.0000 CIDCO INC 224,201.69 26.500000 204,050.00 -20,151.69 .08 1,100.0000 CILCORP INC 44,836.00 41.125000 45,237.50 401.50 .02 3,100.0000 CINCINNATI BELL INC 89,005.70 29.875000 92,612.50 3,606.80 .04 42,717.0000 CITATION CORP ALA 621,349.73 16.125000 688,811.63 67,461.90 .26 1,100.0000 CITFED BANCORP INC 38,797.00 34.250000 37,675.00 -1,122.00 .01 12,707.1100 CITIZENS UTILS CO DEL 158,358.30 12.625000 160,427.28 2,068.98 .06 COM SER A 10,500.0000 CITY NATL CORP 147,231.00 13.750000 144,375.00 -2,856.00 .05 5,880.0000 CLEAR CHANNEL COMMUNICATIONS 308,717.32 78.875000 463,785.00 155,067.68 .18 INC 3,200.0000 CLEVELAND CLIFFS INC 115,464.00 39.125000 125,200.00 9,736.00 .05 16,510.0000 CMAC INVT CORP 494,949.97 46.750000 771,842.50 276,892.53 .02 1,400.0000 CMAC INVT CORP 71,955.80 46.750000 65,450.00 -6,505.80 .29 4,500.0000 CMG INFORMATION SVCS INC 86,022.00 75.000000 337,500.00 251,478.00 .03 14,700.0000 CNS INC 223,467.93 15.375000 226,012.50 2,544.57 .09 8,600.0000 COAST SVGS FINL INC 187,487.00 29.875000 256,925.00 69,438.00 .10
11-K39th Page of 161TOC1stPreviousNextBottomJust 39th
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 9 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 8,600.0000 COEUR D ALENE MINES CORP IDAHO 154,261.15 18.125000 155,875.00 1,613.85 .06 11,200.0000 COGNEX CORP 285,700.86 60.750000 680,400.00 394,699.14 .26 29,200.0000 COHERENT COMMUNICATIONS SYS 682,550.00 15.250000 445,300.00 -237,250.00 .17 6,800.0000 COLE KENNETH PRODTNS INC CL A 107,497.12 21.250000 144,500.00 37,002.88 .05 24,020.0000 COLE KENNETH PRODTNS INC CL A 377,498.80 21.250000 510,425.00 132,926.20 .19 2,600.0000 COLLECTIVE BANCORP INC 43,464.46 26.375000 68,575.00 25,110.54 .03 18,000.0000 CONAIR HLDGS INC 407,884.77 32.375000 582,750.00 174,865.23 .22 1,785.0000 COMMERCE BANCSHARES INC 46,359.00 37.375000 66,714.38 20,355.38 .03 2,400.0000 COMMERCE GROUP INC MASS 49,715.28 21.125000 50,700.00 984.72 .02 10,300.0000 COMMERCIAL FED CORP 360,919.30 36.625000 377,237.50 16,318.20 .14 1,000.0000 COMMERCIAL METALS CO 26,025.00 23.500000 23,500.00 -2,525.00 .01 5,200.0000 COMMNET CELLULAR INC 148,304.00 27.125000 141,050.00 -7,254.00 .05 12,900.0000 COMMONWEALTH ALUMINUM CORP 312,180.25 17.250000 222,525.00 -89,655.25 .08 1,500.0000 COMMONWEALTH ENERGY SYS SH BEN INT 55,717.50 45.000000 67,500.00 11,782.50 .03 4,300.0000 COMMUNITY HEALTH SYS INC 172,636.40 34.250000 147,275.00 -25,361.40 .06 3,400.0000 COMPASS BANCSHARES INC 74,868.00 32.250000 109,650.00 34,782.00 .04 35,500.0000 COMPDENT CORP 722,405.38 34.750000 1,233,625.00 511,219.62 .47 4,500.0000 COMPUTER HORIZONS CORP 87,465.00 35.250000 158,625.00 71,160.00 .06 7,100.0000 COMPUTER PRODS INC 83,567.00 12.437500 88,306.25 4,739.25 .03 57,400.0000 COMPUTERVISION CORP NEW 591,604.58 12.500000 717,500.00 125,895.42 .27 26,200.0000 COMPUTERVISION CORP NEW 300,552.74 12.500000 327,500.00 26,947.26 .12
11-K40th Page of 161TOC1stPreviousNextBottomJust 40th
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 10 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 29,100.0000 CONCORD EFS INC 468,193.60 38.250000 1,113,075.00 644,881.40 .42 31,500.0000 CONSOLIDATED GRAPHICS INC 753,525.50 24.750000 779,625.00 26,099.50 .30 27,000.0000 CONSOLIDATED STORES CORP 497,242.12 24.750000 668,250.00 171,007.88 .25 9,600.0000 CONSOLIDATED STORES CORP 188,749.61 24.750000 237,600.00 48,850.39 .09 2,200.0000 CONTINENTAL HOMES HLDG CORP 46,497.00 18.375000 40,425.00 -6,072.00 .02 5,300.0000 CONTROL DATA SYS INC 49,740.50 17.000000 90,100.00 40,359.50 .03 5,000.0000 COORS ADOLPH CO CL B 75,725.00 20.250000 101,250.00 25,525.00 .04 2,700.0000 COPART INC 60,316.38 23.875000 64,462.50 4,146.12 .02 18,200.0000 COR THERAPEUTICS INC 196,335.10 11.000000 200,200.00 3,864.90 .08 11,350.0000 CORPORATE EXPRESS INC 143,395.33 26.750000 303,612.50 160,217.17 .12 28,110.0000 CORPORATE EXPRESS INC 444,267.74 26.750000 751,942.50 307,674.76 .29 11,000.0000 CORRECTIONS CORP AMER 185,851.59 31.000000 341,000.00 155,148.41 .13 9,200.0000 COUNTRYWIDE CR INDS INC 200,489.55 22.000000 202,400.00 1,910.45 .08 26,100.0000 CP CLARE INC 508,950.00 24.750000 645,975.00 137,025.00 .25 3,300.0000 CPI CORP 56,097.25 20.875000 68,887.50 12,790.25 .03 8,400.0000 CREDENCE SYS CORP 125,786.42 29.750000 249,900.00 124,113.58 .10 28,200.0000 CREDIT ACCEP CORP MICH 594,500.00 20.500000 578,100.00 -16,400.00 .22 6,000.0000 CROP GROWERS CORP 90,220.09 13.250000 79,500.00 -10,720.09 .03 2,000.0000 CROSS A T CO CL A 26,020.00 15.875000 31,750.00 5,730.00 .01 3,800.0000 CROSS TIMBERS DIL CO COM 53,181.32 17.250000 65,550.00 12,368.68 .02 17,700.0000 CUMMINS ENGINE INC 709,433.92 39.250000 694,725.00 -14,708.92 .26 3,800.0000 CURATIVE TECHNOLOGIES INC 45,814.70 12.875000 48,925.00 3,110.30 .02
11-K41st Page of 161TOC1stPreviousNextBottomJust 41st
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 11 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 1,900.0000 CUSTOM CHROME INC 40,888.00 24.750000 47,025.00 6,137.00 .02 9,900.0000 CWM MTG HLDGS INC 132,065.16 15.125000 149,737.50 17,672.34 .06 3,000.0000 CYCARE SYS INC 78,819.00 28.000000 84,000.00 5,181.00 .03 5,200.0000 CYPRESS SEMICONDUCTOR CORP 65,889.90 15.625000 81,250.00 15,360.10 .03 7,300.0000 CYTEC INDS INC 320,972.39 64.000000 467,200.00 146,227.61 .16 5,400.0000 CYTEL CORP 40,223.22 4.250000 22,950.00 -17,273.22 .01 3,100.0000 DAIG CORP 74,037.00 21.250000 65,875.00 -8,162.00 .03 8,900.0000 DATA GEN CORP 123,109.25 12.125000 107,912.50 -15,196.75 .04 4,700.0000 DATA TRANSLATION INC 70,783.95 19.500000 91,650.00 20,866.05 .03 6,000.0000 DATASCOPE CORP 103,845.00 25.500000 153,000.00 49,155.00 .06 2,000.0000 DAY RUNNER INC 49,938.20 28.250000 56,500.00 6,561.80 .02 5,700.0000 DEAN FOODS CO 170,344.50 28.000000 159,600.00 -10,744.50 .06 5,500.0000 DELMARVA PWR & LT CO 124,776.50 22.250000 122,375.00 -2,401.50 .05 28,000.0000 DENDRITE INTERNATIONAL INC 450,983.47 21.125000 591,500.00 140,516.53 .23 1,100.0000 DEPOSIT GTY CORP 31,922.00 46.500000 51,150.00 19,228.00 .02 9,800.0000 DESIGNS INC 78,735.99 7.875000 77,175.00 -1,560.99 .03 1,800.0000 DEVON GROUP INC NEW 71,555.94 38.500000 69,300.00 -2,255.94 .03 5,600.0000 DEXTER CORP 113,512.00 24.375000 136,500.00 22,988.00 .05 7,300.0000 DIAMOND SHAMROCK INC 189,357.60 25.125000 183,412.50 -5,945.10 .07 5,300.0000 DIEBOLD INC 273,229.31 57.375000 304,087.50 30,858.19 .12 3,200.0000 DIMARK INC 45,398.64 14.000000 44,800.00 -598.64 .02 73,900.0000 DIME BANCORP INC NEW 768,948.00 11.250000 831,375.00 62,427.00 .32
11-K42nd Page of 161TOC1stPreviousNextBottomJust 42nd
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 12 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 1,800.0000 DISCOUNT AUTO PTS INC 55,841.40 27.750000 49,950.00 -5,891.40 .02 50,740.0000 DISCREET LOGIC INC 724,792.09 30.500000 1,547,570.00 822,777.91 .59 1,700.0000 DOVATRON INTL INC 33,592.00 32.750000 55,675.00 22,083.00 .02 5,600.0000 DSP COMMUNICATIONS INC 250,012.00 43.875000 245,700.00 -4,312.00 .09 5,600.0000 DSP GROUP INC 89,809.44 11.875000 66,500.00 -23,309.44 .03 7,300.0000 EAGLE HARDWARE & GARDEN INC 58,089.75 7.562500 55,206.25 -2,883.50 .02 19,600.0000 EASTBAY INC 350,541.54 21.750000 426,300.00 75,758.46 .16 2,600.0000 EASTERN ENTERPRISES 79,001.00 32.500000 84,500.00 5,499.00 .03 2,600.0000 EASTERN UTILS ASSOC 61,484.80 23.000000 59,800.00 -1,684.80 .02 11,700.0000 EL PASO NAT GAS CO NEW 319,542.50 30.750000 359,775.00 40,232.50 .14 19,155.0000 ELAN PLC ADR 625,703.99 48.000000 919,440.00 293,736.01 .35 3,122.0000 ELAN PLC ADR WT REPSTG WT EXP 95 0.00 18.125000 56,586.25 56,586.25 .02 3,000.0000 ELCOR CORP 67,994.10 20.875000 62,625.00 -5,369.10 .02 1,400.0000 ELECTRO SCIENTIFIC INDS INC 46,578.00 28.500000 39,900.00 -6,678.00 .02 3,700.0000 ELECTROGLAS INC 148,545.30 59.500000 220,150.00 71,604.70 .08 18,500.0000 ELTRON INTL INC 388,500.00 37.000000 684,500.00 296,000.00 .26 2,400.0000 ELTRON INTL INC 81,948.00 37.000000 88,800.00 6,852.00 .03 2,400.0000 EMMIS BROADCASTING CORP 67,548.00 27.000000 64,800.00 -2,748.00 .02 4,200.0000 EMPI INC 35,558.88 18.500000 77,700.00 42,141.12 .03 42,700.0000 ENERGY VENTURES INC 915,148.25 21.000000 896,700.00 -18,448.25 .34 2,100.0000 ENNIS BUSINESS FORMS INC 25,221.00 12.500000 26,250.00 1,029.00 .01 2,500.0000 ENRON GLOBAL PWR & PIPELINE 60,387.50 25.125000 62,812.50 2,425.00 .02
11-K43rd Page of 161TOC1stPreviousNextBottomJust 43rd
FRC G000500 INVESTMENT DETAIL PAGE: 13 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 5,000.0000 EQUITABLE RES INC 142,600.00 30.750000 153,750.00 11,150.00 .06 5,100.0000 ESTERLINE TECHNOLOGIES CORP 109,300.60 21.500000 109,650.00 349.40 .04 3,500.0000 ETHAN ALLEN INTERIORS INC 74,877.00 22.000000 77,000.00 2,123.00 .03 21,100.0000 ETHYL CORP 203,077.65 12.500000 263,750.00 60,672.35 .10 22,040.0000 FAIR ISSAC & CO INC 446,499.75 28.000000 617,120.00 170,620.25 .23 71,000.0000 FALCON DRILLING COMPANY INC 639,000.00 12.812500 909,687.50 270,687.50 .35 19,600.0000 FASTENAL CO 731,450.00 41.500000 813,400.00 81,950.00 .31 4,900.0000 FEDERAL PAPER BRD INC 186,000.54 52.000000 254,800.00 68,799.46 .10 5,000.0000 FERRO CORP 140,658.50 22.250000 111,250.00 -29,408.50 .04 2,000.0000 FFY FINL CORP 45,290.00 21.250000 42,500.00 -2,790.00 .02 6,700.0000 FINOVA GROUP INC 241,558.50 48.500000 324,950.00 83,391.50 .12 2,200.0000 FIRST AMERN FINL CORP CALIF 39,781.50 22.875000 50,325.00 10,543.50 .02 8,300.0000 FIRST COLONY CORP 185,257.50 26.000000 215,800.00 30,542.50 .08 2,500.0000 FIRST FINL CORP WISC 34,737.50 22.500000 56,250.00 21,512.50 .02 2,100.0000 FIRST HAWAIIAN INC 52,154.55 29.250000 61,425.00 9,270.45 .02 3,300.0000 FIRST PALM BEACH BANCORP INC 49,566.00 22.875000 75,487.50 25,921.50 .03 COM 10,000.0000 FIRST SEC CORP DEL 229,193.54 34.750000 347,500.00 118,306.46 .13 2,300.0000 FIRSTBANK P R SAN JUAN 50,652.90 18.875000 43,412.50 -7,240.40 .02 7,100.0000 FISERV INC 157,566.00 26.500000 188,150.00 30,584.00 .07 8,800.0000 FLEMING COS INC 202,755.97 23.125000 203,500.00 744.03 .08 9,150.0000 FLOWERS INDS INC 110,505.86 12.875000 117,806.25 7,300.39 .04
11-K44th Page of 161TOC1stPreviousNextBottomJust 44th
FRC G000500 INVESTMENT DETAIL PAGE: 14 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 1,000.0000 FLUKE CORP 39,948.00 34.250000 34,250.00 -5,698.00 .01 18,010.0000 FORE SYS INC 698,609.84 58.250000 1,049,082.50 350,472.66 .40 2,600.0000 FRANKLIN ELECTR PUBLISHERS INC 81,926.00 41.000000 106,600.00 24,674.00 .04 7,500.0000 FRANKLIN QUEST CO 229,487.59 18.875000 141,562.50 -87,925.09 .05 3,960.0000 FREMONT GEN CORP 76,477.52 34.500000 136,620.00 60,142.48 .05 1,500.0000 FRIEDMANS INC CL A 27,390.00 23.250000 34,875.00 7,485.00 .01 28,900.0000 FRONTIER CORP 783,587.90 25.875000 747,787.50 -35,800.40 .28 2,976.0000 GAINSCO INC 26,723.27 10.250000 30,504.00 3,780.73 .01 3,200.0000 GATX CORP 168,073.60 48.750000 156,000.00 -12,073.60 .06 900.0000 GC COS INC COM 26,347.50 33.500000 30,150.00 3,802.50 .01 6,200.0000 GENERAL SIGNAL CORP 211,596.60 32.250000 199,950.00 -11,646.60 .08 9,900.0000 GENESIS HEALTH VENTURES INC 291,381.45 32.625000 322,987.50 31,606.05 .12 1,300.0000 GENETECH INC SPL 65,049.68 51.125000 66,462.50 1,412.82 .03 18,000.0000 GENSIA INC 76,778.20 4.500000 81,000.00 4,221.80 .03 12,700.0000 GENZYME CORP 432,346.69 65.250000 828,675.00 396,328.31 .32 15,100.0000 GIDDINGS & LEWIS INC WIS 222,243.80 15.750000 237,825.00 15,581.20 .09 10,300.0000 GLOBAL INDL TECHNOLOGIES INC 152,273.20 17.750000 182,825.00 30,551.80 .07 1,000.0000 GRACO INC 34,148.00 35.875000 35,875.00 1,727.00 .01 16,600.0000 GRAND CASINOS INC 335,267.70 36.750000 610,050.00 274,782.30 .23 2,200.0000 GRANITE CONSTR INC 55,032.00 27.750000 61,050.00 6,018.00 .02 4,900.0000 GREAT FINL CORP 75,654.04 23.187500 113,618.75 37,964.71 .04 10,400.0000 GREENPOINT FINL CORP 242,292.24 26.250000 273,000.00 30,707.76 .10
11-K45th Page of 161TOC1stPreviousNextBottomJust 45th
FRC G000500 INVESTMENT DETAIL PAGE: 15 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 12,400.0000 GTECH HLDGS CORP 371,136.60 28.500000 353,400.00 -17,736.60 .13 22,500.0000 GUEST SUPPLY INC 354,562.17 21.750000 489,375.00 134,812.83 .19 26,600.0000 GUIDANT CORP 802,330.65 37.375000 994,175.00 191,844.35 .38 4,700.0000 GULF SOUTH MED SUPPLY INC 109,369.00 24.000000 112,800.00 3,431.00 .04 8,200.0000 HADCO CORP 236,244.42 30.250000 248,050.00 11,805.58 .09 10,400.0000 HAENONETICS CORP MAS 180,553.36 17.750000 184,600.00 4,046.64 .07 5,100.0000 HANNA M A CO 123,539.50 26.875000 137,062.50 13,523.00 .05 4,700.0000 HARSCO CORP 259,542.56 59.000000 277,300.00 17,757.44 .11 2,000.0000 HARTFORD STM BOILER INSP & INS 92,169.00 46.125000 92,250.00 81.00 .04 2,200.0000 HARVEYS CASINO RESORTS 39,925.60 15.000000 33,000.00 -6,925.60 .01 3,800.0000 HAVEN BANCORP INC 53,504.00 25.000000 95,000.00 41,496.00 .04 2,400.0000 HAWAIIAN ELEC INDS INC 90,924.00 38.250000 91,800.00 876.00 .03 1,800.0000 HCC INS HLDGS INC 59,216.40 33.375000 60,075.00 858.60 .02 5,600.0000 HEALTH CARE & RETIREMENT CORP 171,556.00 33.500000 187,600.00 16,044.00 .07 DEL 14,700.0000 HEALTH MGMT ASSOC INC NEW CL A 53,919.43 26.500000 389,550.00 335,630.57 .15 3,100.0000 HEALTHWISE AMER INC 98,874.50 31.250000 96,875.00 -1,999.50 .04 24,700.0000 HEART TECHNOLOGY INC 436,041.73 27.375000 676,162.50 240,120.77 .26 5,400.0000 HELMERICH & PAYNE INC 133,234.96 27.250000 147,150.00 13,915.04 .06 2,300.0000 HENRY JACK & ASSOC INC 39,433.50 24.125000 55,487.50 16,054.00 .02 21,140.0000 HNC SOFTWARE 401,728.92 40.500000 856,170.00 454,441.08 .33 3,500.0000 HORACE MANN EDUCATORS CORP NEW 79,712.50 29.000000 101,500.00 21,787.50 .04 28,400.0000 HORIZON/CMS HEALTHCARE CORP 649,293.98 21.625000 614,150.00 -35,143.98 .23
11-K46th Page of 161TOC1stPreviousNextBottomJust 46th
FRC G000500 INVESTMENT DETAIL PAGE: 16 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 9,000.0000 HORMEL FOODS CORPORATION 233,554.50 24.500000 220,500.00 -13,054.50 .00 1,900.0000 HS RES INC 30,694.50 13.375000 25,412.50 -5,282.00 .01 6,000.0000 HUDSON FOODS INC 100,038.94 16.000000 96,000.00 -4,038.94 .04 1,500.0000 HUGHES SUPPLY INC 39,597.00 26.250000 39,375.00 -222.00 .01 12,400.0000 I B P INC 414,391.32 62.500000 775,000.00 360,608.68 .29 7,700.0000 ICOS CORP 50,950.90 7.000000 53,900.00 2,949.10 .02 3,500.0000 ICU MED INC 46,007.50 11.625000 40,687.50 -5,320.00 .02 4,600.0000 IDAHO PWR CO 128,905.80 28.750000 132,250.00 3,344.20 .05 1,400.0000 IDEX CORP 53,407.20 41.125000 57,575.00 4,167.80 .02 21,660.0000 IDEXX LABS INC 413,153.67 44.500000 963,870.00 550,716.33 .37 2,600.0000 IEC ELECTRONICS CORP 22,152.00 9.000000 23,400.00 1,248.00 .01 4,200.0000 II-VI INC 40,977.09 12.125000 50,925.00 9,947.91 .02 11,000.0000 ILLINOVA CORP 301,614.60 28.375000 312,125.00 10,510.40 .12 36,000.0000 IMPERIAL CREDIT INDS 638,001.95 16.750000 603,000.00 -35,001.95 .23 2,200.0000 INFORMATION STORAGE DEVICES 47,322.00 17.750000 39,050.00 -8,272.00 .01 INC 6,500.0000 INNOVEX INC 101,840.00 16.625000 108,062.50 6,222.50 .04 22,400.0000 INPUT/OUTPUT INC 522,089.52 46.125000 1,033,200.00 511,110.48 .39 200.0000 INSIGHT ENTERPRISES INC 3,954.00 14.750000 2,950.00 -1,004.00 .00 1,900.0000 INSO CORP COM 52,763.00 40.500000 76,950.00 24,187.00 .03 7,700.0000 INTEGRATED HEALTH SVCS INC 233,314.41 22.125000 170,362.50 -62,951.91 .06 200.0000 INTER REGL FINL GROUP INC 6,802.00 39.375000 7,875.00 1,073.00 .00
11-K47th Page of 161TOC1stPreviousNextBottomJust 47th
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 17 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 49,000.0000 INTER TEL INC 822,518.18 16.750000 820,750.00 -1,768.18 .31 11,000.0000 INTERGRATED PROCESS EQUIP CORP 401,038.00 30.750000 338,250.00 -62,788.00 .13 6,100.0000 INTERIM SVCS INC 151,036.00 32.000000 195,200.00 44,164.00 .07 2,400.0000 INTERNATIONAL MULTIFOODS CORP 42,110.40 23.375000 56,100.00 13,989.60 .02 16,200.0000 INTERNATIONAL RECTIFIER CORP 373,734.00 49.625000 803,925.00 430,191.00 .31 88,190.0000 INTERNATIONAL SPECIALTY PRODS INC 787,906.40 10.000000 881,900.00 93,993.60 .34 21,200.0000 INTERPOOL INC 333,495.06 16.875000 357,750.00 24,254.94 .14 20,360.0000 INTERSTATE BAKERIES CORP DEL NEW 311,881.72 22.375000 455,555.00 143,673.28 .17 4,100.0000 IOMEGA CORP 87,819.54 42.750000 175,275.00 87,455.46 .07 3,700.0000 IONICS INC 101,787.00 43.250000 160,025.00 58,238.00 .06 4,000.0000 IPALCO ENTERPRISES INC 144,542.00 37.375000 149,500.00 4,958.00 .06 3,000.0000 IPC INFORMATION SYS INC 49,905.00 14.500000 43,500.00 -6,405.00 .02 6,100.0000 ISOLYSER INC 107,546.87 16.250000 99,125.00 -8,421.87 .04 13,800.0000 J & L SPECIALTY STL INC COM 286,339.32 16.500000 227,700.00 -58,639.32 .09 28,500.0000 JACOBS ENGR GROUP INC 667,897.50 24.125000 687,562.50 19,665.00 .26 1,700.0000 JLG INDS INC 37,646.50 28.375000 48,237.50 10,591.00 .02 1,200.0000 JSB FINL INC 28,662.00 32.250000 38,700.00 10,038.00 .01 32,020.0000 JUST FOR FEET INC 546,343.95 34.125000 1,092,682.50 546,338.55 .42 2,600.0000 K N ENERGY INC 73,397.22 29.125000 75,725.00 2,327.78 .03 9,500.0000 KANSAS CITY PWR & LT CO 230,465.82 25.000000 237,500.00 7,034.18 .09 4,200.0000 KCS ENERGY INC 64,076.00 13.750000 57,750.00 -6,326.00 .02
11-K48th Page of 161TOC1stPreviousNextBottomJust 48th
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 18 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 3,000.0000 KELLWOOD CO 62,444.10 19.375000 58,125.00 -4,319.10 .02 10,100.0000 KENNAMETAL INC 287,513.54 30.750000 310,575.00 23,061.46 .12 4,000.0000 KENT ELECTRS CORP 164,129.72 54.250000 217,000.00 52,870.28 .08 5,700.0000 KING WORLD PRODTNS INC 203,500.44 39.625000 225,862.50 22,362.06 .09 15,200.0000 KOMAG INC 410,026.75 53.125000 807,500.00 397,473.25 .31 7,500.0000 KOMAG INC 483,769.22 53.125000 398,437.50 -85,331.72 .15 4,200.0000 KU ENERGY CORP 125,042.40 29.375000 123,375.00 -1,667.40 .05 16,200.0000 KULICKE & SOFFA INDS INC 255,906.26 28.375000 459,675.00 203,768.74 .17 9,000.0000 LANDRY'S SEAFOOD RESTAURANTS 133,808.76 15.500000 139,500.00 5,691.24 .05 2,800.0000 LANDSTAR SYS INC COM 66,528.00 25.750000 72,100.00 5,572.00 .03 1,600.0000 LCI INTERNATIONAL INC 18,920.00 18.500000 29,600.00 10,680.00 .01 5,000.0000 LEADER FIN CORP COM 99,425.00 37.875000 189,375.00 89,950.00 .07 29,600.0000 LEAR SEATING CORP 865,800.00 28.000000 828,800.00 -37,000.00 .32 2,600.0000 LEAR SEATING CORP 49,101.00 28.000000 72,800.00 23,699.00 .03 700.0000 LEE ENTERPRISES INC 30,116.10 41.625000 29,137.50 -978.60 .01 5,600.0000 LENNAR CORP 128,562.00 22.125000 123,900.00 -4,662.00 .05 1,400.0000 LG&E ENERGY CORP 56,557.20 41.250000 57,750.00 1,192.80 .02 3,000.0000 LIFE BANCORP INC 45,435.00 15.250000 45,750.00 315.00 .02 5,400.0000 LINCARE HOLDINGS INC 126,333.00 26.750000 144,450.00 18,117.00 .05 8,700.0000 LIVING CTRS AMER INC 250,000.26 31.375000 272,962.50 22,962.24 .10 4,200.0000 LOGICON INC 80,082.61 28.125000 118,125.00 38,042.39 .04 19,300.0000 LONE STAR STEAKHOUSE SALOON 437,795.03 39.250000 757,525.00 319,729.97 .29
11-K49th Page of 161TOC1stPreviousNextBottomJust 49th
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 19 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 32,700.0000 LONG ISLAND LTG CO 576,687.95 17.125000 559,987.50 -16,700.45 .21 1,900.0000 LONGS DRUG STORES CORP 59,260.05 39.750000 75,525.00 16,264.95 .03 5,600.0000 LUKENS INC 162,659.50 30.625000 171,500.00 8,840.50 .07 2,400.0000 LYDALL INC 61,430.16 26.125000 62,700.00 1,269.84 .02 23,290.0000 MACROMEDIA INC 406,166.20 46.500000 1,082,985.00 676,818.80 .41 1,100.0000 MAGNA GROUP INC 19,948.50 24.250000 26,675.00 6,726.50 .01 1,400.0000 MAIL BOXES ETC 19,278.00 14.875000 20,825.00 1,547.00 .01 9,500.0000 MARINER HEALTH GROUP INC 179,745.50 13.375000 127,062.50 -52,683.00 .05 8,970.0000 MARKEL CORP 367,007.55 72.250000 648,082.50 281,074.95 .25 5,800.0000 MARSHALL INDS 172,589.00 35.250000 204,450.00 31,861.00 .08 45,700.0000 MATRIX PHARMACEUTICAL INC 631,653.97 15.500000 708,350.00 76,696.03 .27 21,800.0000 MATTSON TECHNOLOGY INC 158,730.74 23.000000 501,400.00 342,669.26 .19 4,800.0000 MATTSON TECHNOLOGY INC 108,960.50 23.000000 110,400.00 1,439.50 .04 4,500.0000 MAXICARE HEALTH PLANS INC NEW 81,284.49 21.875000 98,437.50 17,153.01 .04 14,700.0000 MAXIS INC 262,152.45 41.000000 602,700.00 340,547.55 .23 2,200.0000 MAXXIM MED INC COM 30,930.00 15.875000 34,925.00 3,995.00 .01 7,700.0000 MCN CORP 155,107.10 21.750000 167,475.00 12,367.90 .06 1,200.0000 MDU RESOURCES GROUP INC 22,070.00 20.125000 24,150.00 2,080.00 .01 33,500.0000 MEADOWBROOK INS GROUP INC 827,182.00 27.750000 929,625.00 102,443.00 .35 10,211.0000 MEADOWBROOK INS GROUP INC 251,701.15 27.750000 283,355.25 31,654.10 .11 3,200.0000 MEASUREX CORP 106,798.60 28.000000 89,600.00 -17,198.60 .03 13,500.0000 MEDIC COMPUTER SYS INC 465,633.56 64.000000 864,000.00 398,366.44 .33
11-K50th Page of 161TOC1stPreviousNextBottomJust 50th
[Enlarge/Download Table] FRC G000500 INVESTMENT DETAIL PAGE: 20 UAL PILOTS DIRECTED ACCOUNT 11/30/1995 HMFR005BF SMALL CAP EQUITY FD BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------ -------------- ------------ -------------- ------------- ------- 14,500.0000 MEDISENSE INC 315,320.70 25.750000 373,375.00 58,054.30 .14 36,290.0000 MEDISENSE INC 765,945.00 25.750000 934,467.50 168,522.50 .36 2,400.0000 MEDUSA CORP NEW 56,752.80 24.875000 59,700.00 2,947.20 .02 5,000.0000 MERCANTILE BANKSHARES CORP 97,862.50 28.375000 141,875.00 44,012.50 .05 14,400.0000 MERCER INTL INC SH BEN INT 315,486.46 21.500000 309,600.00 -5,886.46 .12 2,400.0000 METRICOM INC 40,596.72 15.750000 37,800.00 -2,796.72 .01 2,400.0000 MICHAELS FOODS INC 23,424.00 11.500000 27,600.00 4,176.00 .01 4,100.0000 MICRO LINEAR CORP 62,409.79 11.250000 46,125.00 -16,284.79 .02 9,300.0000 MIDAMERICAN ENERGY CO 144,027.84 16.625000 154,612.50 10,584.66 .06 38,873.0000 MIDWEST EXPRESS HLDGS INC 764,869.46 29.500000 1,146,753.50 381,884.04 .44 3,000.0000 MILLER HERMAN INC 90,750.00 31.750000 95,250.00 4,500.00 .04 4,500.0000 MINERAIS TECHNOLOGIES INC 111,754.13 37.375000 168,187.50 56,433.37 .06 4,100.0000 MINERAIS TECHNOLOGIES INC 122,330.00 37.375000 153,237.50 30,907.50 .06 3,400.0000 MINNESOTA PWR & LT CO 96,934.00 27.750000 94,350.00 -2,584.00 .04 14,100.0000 MISSISSIPPI CHEM CORP NEW 326,625.39 22.500000 317,250.00 -9,375.39 .12 5,400.0000 MLF BANCORP INC 122,283.00 22.750000 122,850.00 567.00 .05 28,400.0000 MOBILE TELECOMMUNICTNS TECH 547,909.59 23.000000 653,200.00 105,290.41 .25 13,600.0000 MONTANA PWR CO 319,912.80 22.750000 309,400.00 -10,512.80 .12 5,200.0000 MONVADI ROBERT CORP CL A 114,745.74 31.875000 165,750.00 51,004.26 .06 20,150.0000 MONVADI ROBERT CORP CL A 391,882.66 31.875000 642,281.25 250,398.59 .24 1,400.0000 MULTICARE COS INC 31,180.80 20.875000 29,225.00 -1,955.80 .01 9,400.0000 MUTUAL RISK MGMT LTD 245,032.90 40.125000 377,175.00 132,142.10 .14
11-K51st Page of 161TOC1stPreviousNextBottomJust 51st
[Enlarge/Download Table] FRC G000600 SECURITY VALUATION REPORT PAGE: 1 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 Item 27a: Schedule of Assets Held for 11/30/1995 BASE CURRENCY: USD Investment Purposes |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ ARS ARGENTINA PESO CURRENT EXCHANGE RATE: 1.000450203 LA2213432 6,200.0000 24,637.98 24,671.91 15,066.00 15,472.78 -9,584.86 0.01 SOCIEDAD COMERCIAL DEL PLATA 3.973787 3.979340 2.430000 2.431094 -14.27 ARP10-BUENOS AIRIES LISTING INTL EQ ROWE PRICE F LA2681935 7,499.8000 35,476.24 35,524.56 36,374.03 36,390.41 899.01 0.02 PEREZ COMPANC SA 'B'ARS1 4.750291 4.736.754 4.850000 4.852183 -33.16 CLASS 'B' ARP1 INTL EQ ROWE PRICE F TOTAL: ARS 13,699.8000 60,113.72 60,196.47 51,440.03 51,463.19 -8,685.85 0.03 -47.43 ATS AUSTRIAN SHILLING CURRENT EXCHANGE RATE: 0.098275269 EA4228923 460.0000 355,138.40 29,299.43 234,608.00 23,855.38 -9,944.59 0.01 CREDITANSTALT BK PRF AUSH100 772.040000 63.694413 510.000000 50.120387 3,700.54 (VAR) INTL EQ ROWE PRICE F EA4235340 2,000.0000 4,650,626.40 376,126.45 2,900,000.00 284,998.28 -141,584.56 0.18 CREDITANSTALT-BANKVEREIN PTC 2,325.313200 108.063225 1,450.000000 142.499140 50,456.39 CERTS AUSH500 TBC ASSET MANAGEMENT EA4359694 346.0000 163,180.99 14,919.41 242,546.00 23,836.27 7,256.23 0.02 FLUGHAFEN WEIN AG AUSH100 471.621358 43.119682 701.000000 68.890964 1,660.63 INTL EQ ROWE PRICE F EA4661602 530.0000 371,406.00 30,641.59 307,400.00 30,209.82 -5,280.65 0.02 DESTERREICHISCHE EL WIRTSCH 700.767547 57.814321 580.000000 56,999656 4,848.88 CLASS "A" AUSH100 INTL EQ ROWE PRICE F TOTAL: ATS 3,336.0000 5,540,352.59 450,986.88 3,684,546.00 362,099.75 -149,553.57 0.23 60,666.44
11-K52nd Page of 161TOC1stPreviousNextBottomJust 52nd
FRC G000600 SECURITY VALUATION REPORT PAGE: 2 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 SE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ AUD AUSTRALIAN DOLLAR CURRENT EXCHANGE RATE: 0.742150000 AA6064965 AGL.AX 24,814.0000 108,315.14 80,936.84 117,370.22 87,106.31 6,766.27 0.06 AUSTRALIAN GAS LIGHT CO ORD AS 4.365082 3.261741 4.730000 3.510370 -596.80 INTL EQ ROWE PRICE F AA6066606 25,000.0000 233,538.52 173,165.57 245,000.00 181,826.75 8,498.53 0.12 AMCOR LIMITED ORD A$1 9.341541 6.926623 9.800000 7.273070 162.65 TBC ASSET MANAGEMENT AA6066606 5,000.0000 51,521.91 38,538.39 49,000.00 36,365.35 -1,886.39 0.02 AMCOM LIMITED ORD A$1 10.304582 7.707678 9.800000 7.273070 -286.65 INTL EQ ROWE PRICE F AA6076142 220,628.0000 826,582.49 577,229.21 1,231,104.24 913,664.81 282,490.58 0.58 WESTPAC BANKING CORP A$1 3.746499 2.616301 5.580000 4.141197 53,944.22 INTERNAT-CAP GUARD AA6076142 128,698.0000 648,815.89 462,589.45 718,134.80 532,943.7 49,424.25 0.34 WESTPAC BANKING CORP A$1 5.041367 3.594379 5.580000 4.141197 20,950.07 TDC ASSET MANAGEMENT AA6076142 16,000.0000 78,778.68 58,282.26 89,280.00 66,259.1 7,769.12 0.04 WESTPAC BANKING CORP A$1 4.923668 3.642641 5.580000 4.141197 287.77 INTL EQ ROWE PRICE F AA6112202 160,000.0000 554,351.62 411,412.05 510,400.00 578,793.36 -52,610.69 0.24 BORAL ORD STK A$0.50 3.464698 2.571325 3.190000 2.367459 0.00 TBC ASSET MANAGEMENT AA6144692 7,565.0000 130,409.48 94,288.69 138,590.00 102,056.16 5,915.26 0.07 BROKEN HILL PROP ORD A$1 17.238530 12.463806 18.320000 13.596188 2,651.21
11-K53rd Page of 161TOC1stPreviousNextBottomJust 53rd
FRC G000600 SECURITY VALUATION REPORT PAGE: 3 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F AA6155730 20,645.0000 88,488.63 64,367.93 61,728.55 45,811.84 -19,465.48 0.03 BURNS PHILP & CO 4.286202 3.117846 2.990000 2.219029 909.59 ORD A$0.50 INTL EQ ROWE PRICE F AA6207010 3,919.0000 31,791.31 23,958.11 42,717.10 31,702.50 8,233.74 0.02 COCA COLA AMATJL A$0.50 8.112097 6.113322 10.900000 8.089435 -489.35 INTL EQ ROWE PRICE F AA6336546 GMF.AX 250,000.0000 315,588.08 234,087.46 337,500.00 250,475.65 16,253.17 0.16 GOODMAN FIELDER LTD A$0.50 1.262352 0.956350 1.350000 1.001903 135.00 SYDNEY LISTING TBC ASSET MANAGEMENT AA4512005 61,311.0000 830,236.28 595,737.51 1,142,837.04 848,156.51 224,307.23 0.54 LEND LEASE CORP ORD A$0.50 13.541392 9.716650 18.640000 13.833676 28,111.77 INTERNAT-CAP GUARD AA6512005 4,117.0000 68,286.43 50,858.59 76,740.88 56,953.24 6,296.73 0.04 LEND LEASE CORP ORD A$0.50 16.586454 12.353315 18.640000 13.833676 -202.08 INTL EQ ROWE PRICE F AA6374609 8,936.0000 83,712.72 60,296.72 55,403.20 41,117.48 -20,390.82 0.03 HAYNE HICKLESS LTD ORD A$.50 9.368030 6.747619 6.200000 4.681330 1,211.58 INTL EQ ROWE PRICE F AA6637083 11,150.0000 64,215.98 46,352.50 53,297.00 39,554.37 -7,881.56 0.03 PUBLISHING & BROADCASTING LTD 5.759281 4.157175 4.780000 3.547473 1,083.43 ORD A$1 INTL EQ ROWE PRICE F AA6690868 170,000.0000 689,928.42 508,784.77 489,600.00 363,356.64 -147,731.34 0.23 PLACER PACIFIC LT ORD A$ 4.058402 2.992852 2.000000 2.137392 2,303.21
11-K54th Page of 161TOC1stPreviousNextBottomJust 54th
FRC G000600 SECURITY VALUATION REPORT PAGE: 4 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTERNAT-CAP GUARD AA6764689 188,565.0000 692,068.59 496,677.21 563,809.35 418,431.11 -92,046.70 0.27 SOUTHCORP HLDGS LTD A$0.50 3.670175 2.633984 2.990000 2.219029 13,800.60 TBC ASSET MANAGEMENT AA4868712 SVD.AK 25,000.0000 37,186.10 26,615.94 45,250.00 33,582.29 5,771.75 0.02 SYDNEY HARBOR CASINO HLDGS 1.487444 1.064638 1.810000 1.343292 1,194.62 LIMITED AUDI PREF STK INTL EQ ROWE PRICE F AA6873266 TAH.AK 18,000.0000 45,244.33 34,333.66 69,120.00 51,297.41 18,118.05 0.03 TAB CORP HLDGS LIMITED ORD A$1 2.513574 1.907426 3.840000 2.849856 -1,154.30 INTL EQ ROWE PRICE F AA6886920 122,576.0000 357,560.05 255,179.95 865,386.56 642,246.64 362,420.64 0.41 THE NEWS CORP ORD A$0.50 2.917048 2.081810 7.060000 5.239579 24,646.05 INTERNAT-CAP GUARD AA6886920 12,093.0000 84,584.99 61,021.68 85,376.58 63,362.23 571.07 0.04 THE NEWS CORP ORD A$0.50 6.994541 5.046033 7.060000 5.239579 1,769.48 INTL EQ ROWE PRICE F AA6888522 16,560.0000 36,237.63 25,981.59 31,132.80 23,105.21 -3,660.05 0.01 INT DRD A$0.50 2.188265 1.568937 1.880000 1.395242 783.67 AA6954983 116,700.0000 529,381.45 382,139.07 1,053,801.00 782,078.41 378,557.28 0.50 WESTERN MINING CORP HLDGS LTD 4.536259 3.274542 9.030000 6.701615 21,382.06 ORD A$0.50-MELBOURNE LISTING INTERNAT-CAP GUARD AA6954983 7,956.0000 60,689.84 43,719.45 71,842.68 53,318.04 8,034.23 0.03 WESTERN MINING CORP HLDGS LTD 7.628185 5.495155 9.030008 6.701615 1,564.36 ORD A$0.50-MELBOURNE LISTING INTL EQ ROWE PRICE F
11-K55th Page of 161TOC1stPreviousNextBottomJust 55th
FRC G000600 SECURITY VALUATION REPORT PAGE: 5 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ AA4979725 14,000.0000 69,422.96 53,125.92 93,660.00 69,509.77 18,547.39 0.04 WOODSIDE PETROLEUM ORD A$0.50 4.968785 3.794709 6.690000 4.964984 -2,103.54 (AUST REG) INTL EQ ROWE PRICE F TOTAL:AUD 1,639,233.0000 6,716,933.52 4,859,680.52 8,238,082.84 6,113,895.10 1,082,294.04 3.91 171,918.62 DEF BELGIAN FRANC CURRENT EXCHANGE RATE: 0.033636058 EB4294740 1,000.0000 6,224,074.00 179,406.59 6,770,000.00 227,716.11 15,736.31 0.15 ELECTRABEL COM NPV 6,224.07400 179.406590 6,770.000000 227.716115 32,673.41 TBC ASSET MANAGEMENT EB4583114 280.0000 2,394,779.00 68,751.34 2,800,000.00 94,180.96 11,633.43 0.06 GENERALE BANQUE NPV 8,552.782143 245.540500 10,000.000000 336.360580 13,796.19 INTL EQ ROWE PRICE F EB4097740 710.0000 5,251,564.00 149,657.60 5,445,700.00 183,171.88 5,532.45 0.12 KREDIETBANK NPV 7,396.569014 210.785352 7,670.000000 257.988565 27,981.05 INTL EQ ROWE PRICE F EB4522810 80.0000 637,590.00 18,021.20 654,400.00 22,011.44 475.13 0.01 KREDIETBANK SUB CNV DDS 796,987.500000 22,526.500000 818,000.000000 27,514.295444 3,515.11 VAR RT 30-NOV-2005 INTL EQ ROWE PRICE F EB4910627 111.0000 2,769,131.00 79,135.99 3,807,300.00 128,062.56 29,668.71 0.08 UCB CAP NPV 24,947.126126 712.936847 34,300.000000 1,153.716789 19,257.86 INTL EQ ROWE PRICE F TOTAL: DEF 2,181.0000 17,277,138.00 494,972.72 19,473,400.00 655,142.95 63,045.81 0.42 97,124.42
11-K56th Page of 161TOC1stPreviousNextBottomJust 56th
FRC G000600 SECURITY VALUATION REPORT PAGE: 6 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ CAD CANADIAN DOLLAR CURRENT EXCHANGE RATE: 0.736133093 NC2013208 3,080.0000 100,937.17 74,662.94 139,755.00 102,878.28 28,713.44 0.07 ALCAN ALUMINUM COM STK NPV 32.771800 24.241214 45.375000 33.402039 -498.10 (TORONTO LISTING) INTL EQ ROWE PRICE F NC2552544 1,940.0000 39,285.13 31,100.58 31,767.50 23,385.11 -5,951.43 0.01 MACMILLAN BLOEDEL COM NPV 20.250067 16.031227 16.375000 12.054179 -1,764.04 INTL EQ ROWE PRICE F NC2754389 22,000.0000 690,577.50 510,645.88 687,500.00 506,091.50 -2,275.65 0.32 ROYAL BK OF CANADA COM STK NPV 31.389886 23.211176 31.250000 23.004159 -2,278.73 INTERNAT-CAP GUARD NC2754389 1,540.0000 41,618.76 32,541.00 48,125.00 53,426.00 5,087.13 0.02 ROYAL BK OF CANADA COM STK NPV 27.025169 21.130571 31.250000 23.084159 -2,201.00 INTL EQ ROWE PRICE F TOTAL: CAD 28,560.0000 872,418.56 648,950.48 907,147.50 667,781.30 25,573.49 0.43 -6,742.67 CHF SWISS FRANC CURRENT EXCHANGE RATE: 0.050701829 ES4127183 637.0000 330,407.35 457,406.14 859,950.00 731,561.04 733,083.15 0.47 BBC AG BROWN, BOVERI & CIE 518.692857 718.063014 1,350.000000 1,148.447469 -458,928.25 SZF100 INTERNAT-CAP GUARD ES4127185 311.0000 354,658.13 247,324.43 419,850.00 357,167.16 45,462.21 0.25 BBC AG BROWN, BOVERI & CIE 1,140.379839 795.255402 1,350.000000 1,148.447469 64,380.52 BZF100 INTL EQ ROWE PRICE F ES4193458 800.0000 724,800.00 495,149.62 838,400.00 713,228.41 77,606.25 0.46 CIBA-GEIGY AG SZFZ01(REGO) 906.000000 618.957025 1,048.000000 891.535517 140,472.56
11-K57th Page of 161TOC1stPreviousNextBottomJust 57th
FRC G000600 SECURITY VALUATION REPORT PAGE: 7 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ TBC ASSET MANAGEMENT ES4193458 115.0000 79,025.32 53,851.59 120,520.00 102,526.58 84,265.94 0.07 CIBA-GEIGY AG SZF20(REGO) 687.176696 468.100783 1,048.000000 891.515517 20,429.05 INTL EQ ROWE PRICE F ES4245613 800.0000 116,042.11 78,695.23 89,200.00 75,882.60 -18,203.27 0.05 CS HLDG SZF20(REGO) 145.052638 98.369038 111.500000 94.853254 15,390.64 INTL EQ ROWE PRICE F ES4420497 1,000.0000 693,766.22 463,496.79 876,000.00 745,214.00 121,748.10 0.48 HOLDERBANK FINANCIERE GLARIS 693.768220 463.496790 876.000000 745.214002 159,969.85 SZF50(BR) INTERNAT-CAP GUARD ES4510933 1,050.0000 957,618.66 677,226.19 773,850.00 658,315.61 -129,960.87 0.42 LANDIS & GYR AG SZF10D(REGO) 912.017771 644.977324 737.000000 626.967248 111,050.29 INTERNAT-CAP GUARD ES4554683 600.0000 606,567.50 460,341.25 408,000.00 347,086.35 -150,698.50 0.22 MAGAZINE ZUM GLOBUS PRG SZF100 1,010.945033 767.235417 680.000000 578.477244 37,443.60 TBC ASSET MANAGEMENT ES4616698 1,420.0000 1,410,051.19 1,044,168.61 1,779,260.00 1,513,619.74 273,405.65 0.97 NESTLE SA SZF10(REGO)-ZUR 992.993796 735.330007 1,253.000000 1,065.929392 196,045.28 LISTING INTERNAT-CAP GUARD ES4616698 650.0000 858,816.10 631,479.90 814,450.00 692,854.10 -32,208.72 0.44 NESTLE SA SZF10(REGO)-ZUR 1,321.255538 959.199896 1,253.000000 1,065.929392 101,582.92 LISTING T&C ASSET MANAGEMENT ES4616698 260.0000 348,788.30 238,429.23 325,780.00 277,141.64 -15,728.31 0.18 NESTLE SA SZF101(REGO)-ZUR 1,341.493462 917.035500 1,259.900000 1,065.929392 54,441.72 LISTING INTL EQ ROWE PRICE F
11-K58th Page of 161TOC1stPreviousNextBottomJust 58th
FRC G000600 SECURITY VALUATION REPORT PAGE: 8 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ ES4745778 49.0000 342,739.34 240,998.56 456,120.00 370,157.38 64,957.84 0.24 ROCHE HLDG AG GENUSCHEINE NPV1 6,994.680408 4,918.537959 8,880.000000 7,554.232242 64,200.98 INTL EQ ROWE PRICE F ES4761619 215.0000 175,696.22 120,069.96 215,860.00 183,632.50 27,447.74 0.12 SANDOZ AG SZF2D (REGO) 817.191721 558.464938 1,004.000000 854.104636 34,114.80 INTL EQ ROWE PRICE F ES4780601 1,700.0000 493,345.55 371,234.97 795,600.00 676.818.34 227,441.87 0.45 SCHNEIZERISCHER BANKSVEREIN 290.203253 218.373512 468.400000 398.128458 78,141.54 SZF10D(BR) TBC ASSET MANAGEMENT ES4780601 330.0000 112,061.01 81,689.27 154,440.00 131,382.39 30,893.07 0.08 SCHWEIZERISCHER BANKSVEREIN 339.578818 247.543242 468.000000 398.128456 18,800.05 SZF10D(BR) INTL EQ ROWE PRICE F ES4783720 89.0000 125,491.89 85,559.85 109,292.08 92,974.90 -11,045.02 0.06 SCHWEIZERISCHE BANKGESELLSCH 1,410.021236 961.346629 1,228.000000 1,044.661846 18,466.07 SZF10D(BR) INTL EQ ROWE PRICE F ES4866665 1,650.0000 1,173,377.47 866,407.57 1,374,450.00 1,169,247.15 148,469.50 0.75 SWISSAIR(SCHWEIZ LUFTVER AG) 711.137861 525.095497 833.000000 708.634424 154,370.06 SZF360(REGO) INTERNAT-CAP GUARD ES4995597 1,100.0000 345,331.07 235,925.30 397,100.00 337,813.70 35,367.80 0.22 ZURICH VERSICHERUNDGS-G CHF10 313.937336 214.475545 361.000000 307.103341 66,520.60 (REGO) TBC ASSET MANAGEMENT TOTAL: CHF 12,776.0000 9,248,583.41 6,841.434.44 10,787,122.00 9,176,624.41 1,456,304.69 5.87 878,885.26 DEM GERMAN MARK CURRENT EXCHANGE RATE: 0.691443388
11-K59th Page of 161TOC1stPreviousNextBottomJust 59th
FRC G000600 SECURITY VALUATION REPORT PAGE: 9 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ ED4016322 88.0000 204,209.69 122,091.10 245,784.00 169,945.72 24,856.00 0.11 ALLIANZ AG DM50(REGO) 2,320.564659 1,387.398869 2,743.000000 1,951.201383 22,998.54 INTL EQ ROWE PRICE F ED4021793 ALTG.F 79.0000 57,218.91 39,943.39 67,150.00 46,430.42 6,952.70 0.03 ALTANA AG DM50 724.290000 505.612532 850.000000 587.726880 -455.67 INTL EQ ROWE PRICE F ED4031974 ADSG.F 8,500.0000 578,000.00 407,760.14 655,350.00 453,137.42 54,567.90 0.29 ADIDAS AG DEMS 68.000000 47.971781 77.100000 53.310205 -9,190.62 TBC ASSET MANAGEMENT ED4085301 3,000.0000 1,090,680.07 640,185.74 1,128,9??.?? 780,570.44 22,433.58 0.50 BAYER AG DM50 363.560023 213.395247 376.100000 260.190147 117,951.12 TBC ASSET MANAGEMENT ED4D85301 480.0000 174,851.59 104,005.65 180,624.00 124,891.27 3,433.56 0.08 BAYER AG DM50 364.274146 216.678438 576.300000 268.190147 17,452.06 INTL EQ ROWE PRICE F ED4098304 151.0000 122,898.50 76,730.99 84,862.00 58,677.27 -23,747.88 0.4 BILFINGER & BERGER DAU AG DM50 813.897351 508.152252 562.000000 388.591184 5,694.16 INTL EQ ROWE PRICE F ED4150527 105.0000 76,764.14 55,255.04 57,225.00 39,567.85 -14,064.33 0.3 BUDERUS AG DM50 731.087043 526.238475 545.000000 376.856646 -1,622.86 INTL EQ ROWE PRICE F ED4326671 DBKG.F 15,000.0000 1,086,135.00 697,425.11 1,017,750.00 703,716.51 -43,911.13 0.45 DEUTSCHE BANK AG DEMS 72.409000 46.495007 67.850000 46.914434 50,202.53 TBC ASSET MANAGEMENT
11-K60th Page of 161TOC1stPreviousNextBottomJust 60th
FRC G000600 SECURITY VALUATION REPORT PAGE:10 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ ED4326671 DBKC.F 2,280.0000 185,526.62 109,162.04 154,698.00 106,964.91 -18,139.26 0.07 DEUTSCHE BANK AG DEMS 81.371525 47.878088 67.850000 46,914434 15,942.13 INTL EQ ROWE PRICE F ED4357239 352.0000 186,418.32 109,552.62 231,264.00 159,985.96 26,354.60 0.10 GEHE AG DM50 529.597500 311.229034 657.000000 454.278506 23,998.84 INTL EQ ROWE PRICE F ED9407174 124.0000 54,560.00 39,219.55 79,360.00 54,872.95 17,826.98 0.84 GEHE AG DEMSOLRFD 1-JUL-95) 440.000000 316.285981 640.000000 442.523768 -2,173.38 INTL EQ ROWE PRICE F ED4430127 186.0000 58,010.64 34,281.15 69,619.80 48,138.15 6,860.38 0.03 HOECHST AG 311.885161 184.307151 374.300000 258.897260 6,996.64 INTL EQ ROWE PRICE F ED4436670 70.0000 105,386.58 72,357.69 84,700.00 58,565.25 -14,203.26 0.04 HORNBACH HLDG AG NON VTG PRF 1,505.522571 1,033.681284 1,218.900000 836.646499 410.82 DM50 INTL EQ ROWE PRICE F ED4497993 115.0000 123,094.29 77,651.46 57,500.00 39,765.99 -41,378.89 0.03 KRONES AG PRF DM50 1,070.385130 675.231826 500.000000 345.721694 3,485.22 INTL EQ ROWE PRICE F ED4536741 392.0000 20,611.36 13,338.96 29,617.60 20,409.75 5,763.81 0.01 FIELMANN AG NON VTG PRF DMS 52.580000 34.027959 75.300000 52.065687 1,306.98 INTL EQ ROWE PRICE F ED4562895 5,962.0000 1,741,144.27 1,082,846.04 2,776,503.40 1,919,794.92 643,906.74 1.23 HANNESMANN AG DM50-FRANKFURT 292.040300 181.624629 465.700000 322.005106 193,042.14 LISTING INTERNAT-CAP GUARD ED4562895 399.0000 174,232.14 103,442.47 185,814.30 128,480.07 6,876.38 0.08
11-K61st Page of 161TOC1stPreviousNextBottomJust 61st
FRC G000600 SECURITY VALUATION REPORT PAGE:11 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ MANNESMANN AG DM5D-FRANKFURT 436.672030 259.254311 465.700000 822.005186 18,161.22 LISTING INTEL-EQ ROWE PRICE F ED4610751 362.0000 810,144.22 496,399.65 964,006.00 666,555.57 94,275.73 0.43 MUNCHENER RUCKWERSICHERUNGS-G 2,237.967459 1,371.269751 2,663.000000 1,841.313742 75,000.19 DM1001DM50 PDA(REGO) INTERNAT-CAP GUARD ED4717622 RMKG.F 1,380.0000 117,866.41 69,011.99 158,700.00 189,752.07 24,543.48 0.07 RHON-KLINIKUM AG DEMS 84.830732 50.008688 115.000000 79.515990 16,176.60 INTL EQ ROWE PRICE F ED4735467 2,000.0000 724,535.11 492,894.94 827,000.00 571,823.60 59,806.40 0.37 RWE-AG NON VTG PRF DM50 362.267555 211.447470 413.500000 295.911041 89,122.28 TBC ASSET MANAGEMENT ED4743446 MUVG_R.F 362.0000 0.00 0.00 68,892.00 41,550.22 41,550.22 0.03 MUNCHENER RUCKVERSICHERUNGS-G 0.000000 0.000000 146.000000 314.779682 0.00 VINK (DEM50 PD) (S/R 5-DEC-95) INTERNAT-CAP GUARD ED4746363 PRBG.F 652.0000 32,127.00 22,611.30 29,209.60 28,196.78 -2,044.21 0.01 PRAKTIKER DDV UND-HEINWERKER 49.274540 34.526534 44.800000 30.976449 -270.31 MARKTE DEMS INTL EQ ROWE PRICE F ED4807100 1,000.0000 701,109.55 411,411.93 755,500.00 522,385.40 31,916.38 0.33 SIEMENS AG DM 50 701.109550 411.411938 755.500000 522.305480 79,057.17 TBC ASSET MANAGEMENT ED4818354 SGCG.F 6,000.0000 531,000.00 369,571.27 611,400.00 422,748.49 55,957.68 0.27 SGL CARBON AG DEMS 88.500000 61.595212 101,900000 70,458081 -2,788.46 TBC ASSET MANAGEMENT ED4845755 1,479.0000 159,907.94 91,432.57 145,311.75 100,474.85 -5,664.04 0.06 SCHERING AG DEMS 104.738296 61.820534 98.250000 67.934313 14,706.32
11-K62nd Page of 161TOC1stPreviousNextBottomJust 62nd
FRC G000600 SECURITY VALUATION REPORT PAGE: 12 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F ED4950508 2,500.0000 838,407.00 513,549.63 1,172,500.00 810,717.37 229,455.97 0.52 VOLKSWAGEN AG DM50 324.162800 205.419852 469.000000 326.286949 67,711.77 INTERNAT-CAP GUARD ED4930308 240.0000 110.457.85 65,167.70 112,560.08 77,828.07 1,252.25 0.15 VOLKSWAGEN AG DM50 460.157708 271.532083 469.000000 324.284949 11,408.92 INTL EQ ROWE PRICE F ED4942907 10,000.0000 488,603.00 277,378.93 590,000.00 407,951.60 57,562.87 0.26 VEBA AG DEMS 48.860300 27.737893 59.080000 40.795168 73,009.80 T&C ASSET MANAGEMENT ED4942907 2,660.0000 132,766.46 80,699.33 156,940.00 108,515.13 14,693.38 0.07 VEBA AG DEMS 49.912203 50.338094 59.000000 4?.795168 13,122.42 INTL EQ ROWE PRICE F ED4946700 800.0000 523,186.86 346,107.45 544,000.00 376,148.21 13,768.66 0.24 WELLA AG NON VTG PRF DM50 653.983575 432.634313 689.000000 478.181504 16,269.09 INTERNAT-CAP GUARD TOTAL: DEM 66,718.0000 11,176,033.52 6,952,385.01 13,233,041.45 9,15?,452.16 1,281,442.69 5.85 917,623.16 DKK DANISH KRONE CURRENT EXCHANGE RATE: 0.178587676 ED4262921 720.0000 291,551.19 42,979.81 272,800.88 48,711.17 -2,752.46 0.05 DEN DENSKE BANK DMKR100 404.932208 59,694181 379.000000 67.654409 8,483.82 INTL EQ ROWE PRICE F SD4089871 9,300.0000 2,913,168.27 522,756.25 2,836,600.00 506,397.02 -13,757.81 0.32 TELE DANMARK A/S SER'B'DNKR10 313.243906 56.210349 305.000000 54.444841 -2,661.42
11-K63rd Page of 161TOC1stPreviousNextBottomJust 63rd
FRC G000600 SECURITY VALUATION REPORT PAGE: 13 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTERNAT-CAP GUARD SD4889871 410.0000 127,100.00 19,418.66 125,050.00 22,322.38 -313.20 0.01 TELE DANMARK A/S SER'B'DNKR10 310.000000 47.362585 305.000000 54.444841 3,216.92 INTL EQ ROWE PRICE F SD4914182 990.0000 235,527.50 35,388.90 271,260.00 48,421.99 5,368.94 0.03 UNI DANMARK 'A'DMKR100 237.906566 35.746364 274.000000 48.911103 7,664.15 (COPENHAGEN LISTING) INTL EQ ROWE PRICE F TOTAL: DKK 11,420.0000 3,567,346.96 620,543.62 3,505,690.00 625,792.56 -11,454.53 0.40 16,703.47 ESP SPANISH PESETA CURRENT EXCHANGE RATE: 0.008113261 EE4072281 SAN.MC 2,656.0000 16,157,206.00 119,010.93 15,272,000.00 123,905.72 -6,520.26 0.08 BANCO SANTANDER SA SPPT750-REG 6,083.285392 44.808332 5,750.000000 46.651251 11,415.05 INTL EQ ROWE PRICE F EE4075602 401.0000 3,314,618.00 35,282.58 8,300,700.00 67,345.75 53,074.54 0.04 BANCO POPULAR ESPANOL SPPT (R) 8,265,880299 87.986484 20,700.000000 167.944503 -21,011.37 INTL EQ ROWE PRICE F EE4179862 706.0000 7,894,155.00 57,480.75 12,355,000.00 100,239.34 32,481.34 0.06 GAS NATURAL S.D.G. SA SPPT600 11,181.522663 81.417493 17,500.000000 141.982068 10,277.25 INTL EQ ROWE PRICE F EE4184268 6,021.0000 10,823,373.00 78,584.96 14,450,400.00 117,239.07 26,334.65 0.07 CENTROS COM PRYCA SPPT100 1,797.603886 13.051812 2,400.000000 19.471826 12,320.26 INTL EQ ROWE PRICE F EE4221243 680.0000 11,240,524.00 82,115.94 6,364,800.00 51,639.28 -35,618.86 0.03 FOMENTO CONSTRUCCIONES Y S 16,530.182353 120.758735 9,360.000000 75.940123 5,142.20
11-K64th Page of 161TOC1stPreviousNextBottomJust 64th
FRC G000600 SECURITY VALUATION REPORT PAGE: 14 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ CONTRATAS SPPT550 INTL EQ ROWE PRICE F EE4515367 4,056.0000 28,687,703.00 206,835.10 26,850,720.00 217,846.90 -13,244.44 0.14 EMPRESA NACIONAL DE ELEC 7,072.905079 50.994847 6,620.000000 53.709780 24,256.24 (ENDESA)SPPT800 INTL EQ ROWE PRICE F EE4424649 50,000.0000 49,951,500.00 357,319.64 52,000,000.00 421,889.57 14,653.62 0.27 IBEROROLA SA ORD SPPT500 999.030000 7.146393 1,040.000000 8.437791 49,916.31 TBC ASSET MANAGEMENT EE4424649 10,039.0000 8,937,886.00 73,188.34 10,440,560.00 84,706.99 12,304.73 0.05 IBEROROLA SA ORD SPPT500 890.316366 7.290401 1,040.000000 8.437791 -786.08 INTL EQ ROWE PRICE F EE4753221 3,932.0000 17,366,207.00 127,266.37 15,275,820.00 123,936.71 -15,319.17 0.08 REPSOL SA SPPT500 4,416.634537 32.366829 3,885.000000 31.520819 11,989.51 INTL EQ ROWE PRICE F EE4800467 7,017.0000 5,064,524.00 41,640.49 6,132,858.00 49,757.48 8,783.84 0.03 SEVILLANA DE ELECTRICIDAD 721.750606 5.934230 874.000000 7.090990 -666.85 SPPT500 INTL EQ ROWE PRICE F EE4880824 74,129.0000 110,538,505.00 803,478.24 126,019,300.00 1,822,427.47 112,526.29 0.65 TELEFONICA DE ESPANA ORD 1,491,164119 10,383918 1,700.000000 13.792544 106,423.04 SPPT500 INTERNAT-CAP GUARD TOTAL: ESP 159,657.0000 269,976,201.00 1,982,203.24 293,462,158.00 2,380,935.18 189,456.28 1.52 289,275.56 FIN FINNISH MARKKA CURRENT EXCHANGE: 0.232636587 SF4632847 1,610.0000 147,228.65 26,992.49 379,960.00 88,392.68 42,668.32 0.06 NOKIA AB FIN 5 SER "A" SHS 91.446366 16.765522 236.000000 54.902235 18,731.79
11-K65th Page of 161TOC1stPreviousNextBottomJust 65th
FRC G000600 SECURITY VALUATION REPORT PAGE: 15 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F TOTAL: FIN 1,610.0000 147,228.65 26,992.49 379,960.00 88,392.48 42,668.32 0.06 18,731.79 FRF FRENCH FRANC CURRENT EXCHANGE RATE: 0.200372693 EF4034734 1,433.0000 228,460.11 44,326.36 229,996.50 46,085.02 298.09 0.03 ASSURANCES GENERALES DE FRANCE 159.427851 30.932561 160.500000 32.159817 1,460.57 F3D(BR) INTL EQ ROWE PRICE F EF4070233 2,457.0000 2,333,314.50 396,030.27 1,914,003.00 383,523.94 -71,169.16 0.25 DANONE (EX BSN) FF10 949.659951 161.184481 779.000000 156.690328 58,652.83 TBC ASSET MANAGEMENT EF4112324 1,110.0000 796,861.33 138,014.53 672,660.00 134,782.70 -21,511.38 0.09 ACCOR FF100 717.893090 124.337414 606.000000 121.425852 18,279.55 INTL EQ ROWE PRICE F EF4162790 17,310.0000 3,172,633.86 550,945.34 1,895,445.00 379,795.42 -221,790.80 0.24 C.S.F.(THOMPSON-CSF) FF20 183.283296 31.828154 109.500000 21,940811 50,640.96 TBC ASSET MANAGEMENT EF4169332 325.0000 229,844.12 46,376.94 266,500.00 53,399.32 7,396.26 0.03 REKEL FF20 707.212677 142.698277 820.000000 164.305600 -373.80 INTL EQ ROWE PRICE F EF4175925 EAUG.PA 3,520.0000 2,262,489.20 393,624.33 1,709,312.00 542,499.45 -96,240.90 0.22 EAUX(CIE GENERAL DES)FF100 642.752614 111.825094 485.600000 97.300980 45,116.02 INTL EQ ROWE PRICE F EF4177541 450.0000 961,326.70 168,821.75 1,239,308.00 248,321.88 48,815.01 0.16 CARREFOUR FF100 2,136.281556 375.159444 2,754.000000 551.826397 30,684.32
11-K66th Page of 161TOC1stPreviousNextBottomJust 66th
FRC G000600 SECURITY VALUATION REPORT PAGE: 16 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F EF4179141 CY.PA 474.0000 364,718.73 74,818.06 374,968.00 75,031.56 1,998.32 0.05 CASTORAMA DUBOIS INVEST FF25 769.448797 157.844908 798.000000 158.294427 -1,784.82 INTL EQ ROWE PRICE F EF4388449 2,200.0000 2,321,032.27 460,744.06 2,376,000.00 476,845.52 10,911.55 0.30 CHARGEURS FF100 1,055.014668 209.429118 1,480.000000 216.402500 4,429.91 TBC ASSET MANAGEMENT EF4188449 545.0000 609,674.26 110,075.13 559,600.00 117,939.37 -3,884.90 0.08 CHARGEURS FF100 1,118.668367 201.972714 1,020.000000 214.402500 11,669.14 INTL EQ ROWE PRICE F EF4228518 239.0000 108,911.25 18,947.32 89,911.00 18,915.87 -3,398.83 0.01 CREDIT LOCAL DE FRANCE FF100 455.697607 79.361172 376.208000 75.300207 2,957.38 INTERNAT-CAP GUARD EF4228518 515.0000 224,376.82 43,959.22 193,743.00 38,828.81 -6,000.46 0.02 CREDIT LOCAL DE FRANCE FF100 435.483146 85.540233 376.200000 75.200287 871.05 INTL EQ ROWE PRICE F EF4303279 865.0000 471,277.60 79,113.25 656,535.00 131,551.69 31,199.11 0.08 ECCO STE FF25 544.829595 91.460405 759.000000 152.002874 21,399.33 INTL EQ ROWE PRICE F EF4314409 37,590.0000 1,258,116.58 218,749.60 275,750.00 54,052.02 -171,152.50 0.04 EUROTUNNEL PLC/ECURDTWN SA UNT 53.549778 5.853323 7.500000 1.442721 7,250.92 (1 EPLC & 3 ESA)(SICOVAM) INTERNAT-CAP GUARD EF4358794 750.0000 362,597.61 68,563.37 237,375.00 47,563.47 -23,670.27 0.03 GTM-ENTREPOSE FF50 483.463481 91.417827 316.500000 65.417457 2,670.37
11-K67th Page of 161TOC1stPreviousNextBottomJust 67th
FRC G000600 SECURITY VALUATION REPORT PAGE: 17 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F EF4395770 GLB.PA 210.0000 103.880.15 21,497.71 319,280.00 23,988.45 3,186.96 0.02 GUILBERT SA FF10 494.667301 102,370048 562.000000 113.811699 -784.22 INTL EQ ROWE PRICE F EF4398824 1,500.0000 2,698,902.68 457,866.98 1,879,500.00 375,398.24 -140,028.96 0.24 GUYENNE & GASCOGNE FF100 1,799.268400 395.244587 1,249.000000 250.265494 57,560.32 TBC ASSET MANAGEMENT EF4415479 5,692.0000 2,614,599.87 494,898.59 2,083,841.28 417,144.87 -100,463.45 0.27 HAVAS FF15 459.830388 86.946344 366.100000 73.550443 23,109.73 INTERNAT-CAP GUARD EF4501708 1,030.0000 453,025.30 ??,070.74 414,860.00 82,944.32 -6,886.99 0.05 POLIET FF50 459.830388 77.730583 482.000000 80.549823 9,782.57 INTL EQ ROWE PRICE F EF4502706 1,467.0000 631,975.18 109,139.52 445,039.88 93,181.12 -28,829.19 0.05 LAFARGE FF25(BR) 430.794260 74.396481 317.000000 63.518144 12,870.79 INTL EQ ROWE PRICE F EF4510154 1,285.0000 434,685.40 77,274.57 318.600.00 63,854.77 -28,422.70 0.04 LAFEYRE FF10(BR) 338.275019 60.137409 248.000000 49.692428 7,200.90 INTL EQ ROWE PRICE F EF4534782 150.0000 194,663.25 33,241.31 185,400.00 37,149.18 -1,903.79 0.02 L'DREAL FF10 1,311.088333 221.698867 1,236.000000 247.668649 5,811.56 INTL EQ ROWE PRICE F EF4535649 LVMM.PA 964.0000 801,517.12 150,642.83 913,872.00 183,114.99 21,116.78 0.12 LYNN MOET-HENNESSY LOUIS 831.449295 156.268496 948.000000 189.915513 11,355.38 VUITTON FF10 INTL EQ ROWE PRICE F
11-K68th Page of 161TOC1stPreviousNextBottomJust 68th
FRC G000600 SECURITY VALUATION REPORT PAGE: 18 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ EF4559593 LR/[A 510.0000 339,316.37 59,962.75 402,900.00 80,750.16 13,176.20 0.05 LEGRAND FRF10(POST SUB) 647.679157 117.574020 790.080000 158.294427 7,591.21 INTL EQ ROWE PRICE F EF4678779 PZ. PA 561.0000 190,884.50 32,446.63 208,492.00 41,816.18 3,026.93 0.03 PRIMAGAZ(CIE DES GAZ PETROLE) 540.257576 57.837130 372.000000 74.538442 6,342.62 FRF10 INTL EQ ROWE PRICE F EF4683829 325.0000 129,663.75 26,743.57 209,625.00 42,003.13 16,492.27 0.03 PEUGEOT SA FF35 398.965385 82.287908 645.000000 129.240387 -1,232.71 INTL EQ ROWE PRICE F EF4703841 674.0000 637,678.34 199,845.10 633,560.00 126,948.12 -774.00 0.08 PINAULT-PRINTEMPS REDOUTE 946.110297 117.811721 940.000000 188.350331 7,877.02 INTL EQ ROWE PRICE F EF4739803 WAZ.PA 51.0000 0.00 0.00 1,978.80 396.50 396.50 0.00 PRIMAGAZ(CIE DES GAZ PETROLE) 0.000000 0.000000 38.800000 7.774460 0.00 WTS 1-JUL-98(PRIMAGAZIN)STRK FRF INTL EQ ROWE PRICE F EF4768372 1,807.0000 2,218,293.89 215,153.74 1,049,832.00 208,554.31 -30,125.22 0.13 COMPAGNIE DE ST-GOBAIN FF100 669.780791 119.066818 576.000000 115.414671 23,625.78 INTL EQ ROWE PRICE F EF4817757 4,623.0000 2,536,046.53 480,903.03 2,695,289.00 540,046.29 50,181.50 0.35 SOCIETE GENERALE ORD FF30 548.571616 104.024017 583.000000 114.817280 28,961.76 TBC ASSET MANAGEMENT EF4817757 380.0000 276,142.45 46,724.12 221,540.00 44,398.57 -4,238.90 0.03 SOCIETE GENERALE ORD FF30 726.698658 122.958211 583.000000 114.817288 6,905.35 INTL EQ ROWE PRICE F
11-K69th Page of 161TOC1stPreviousNextBottomJust 69th
FRC G000600 SECURITY VALUATION REPORT PAGE: 19 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ EF4818300 SW.PA 250.0000 244,707.50 49,147.92 315,000.00 63,117.40 14,117.79 0.04 SODEXHO FF100 978.830000 196.591680 1,260.000000 252.469593 -148.31 INTL EQ ROWE PRICE F EF4824084 8,000.0000 2,620,000.00 529,015.06 2,796,800.00 568,402.35 35,698.42 0.36 SOCIETE NATIONALE ELF 327.500000 66.126883 349.600000 70.050293 -4,511.13 EQUITAINE FF50 INTERNAT-CAP GUARD EF4824084 1,790.0000 734,024.72 129,795.60 625,784.00 125,390.03 -19,139.62 0.08 SOCIETE NATIONALE ELF 410.069676 72.510391 349.600000 70.050293 14,736.05 EQUITAINE FF50 INTL EQ ROWE PRICE F EF4881167 4,500.0000 2,346,970.21 465,006.11 2,218,500.00 444,526.82 -25,453.85 0.28 TELEVISION FRANCAISE(T F 1) 521.548936 103.334691 493.000000 98.783738 4,974.56 FF10 INTERNAT-CAP GUARD EF4881167 2,150.0000 1,167,271.17 200,796.49 1,059,950.00 212,385.04 -18,461.62 0.14 TELEVISION FRANCIASE(T F 1) 542.916823 93.393716 493.000000 98.783738 30,050.17 FF10 INTL EQ ROWE PRICE F EF4887701 775.0000 214,728.90 44,945.00 223,897.50 44,862.95 1,919.12 0.03 SANOFI FF25 277.069598 57.994684 288.900000 57.887671 -2,002.05 INTL EQ ROWE PRICE F EF4905412 2,040.0000 659,144.42 114,317.78 626,280.00 125,489.41 -5,949.43 0.08 TOTAL 'B' SHS FF50 323.110990 58.489108 307.000000 61.514417 12,121.06 INTL EQ ROWE PRICE F EF4937571 20,000.0000 4,110,250.00 718,763.66 4,416,000.00 884,845.01 53,466.82 0.57 VALED FF20 205.512500 35.958183 220.800800 44.242291 112,615.33 INTERNAT-CAP GUARD EF4937571 1,644.0000 487,970.78 83,820.05 362,995.20 72,734.33 -21,467.39 0.05
11-K70th Page of 161TOC1stPreviousNextBottomJust 70th
FRC G000600 SECURITY VALUATION REPORT PAGE: 20 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ VALED FF20 296.819209 50.985432 220.000000 44.242291 10,381.67 INTL EQ ROWE PRICE F TOTAL: FRF 132,071.0000 41,536,977.31 7,560,140.19 37,150,807.00 7,444,007.30 -754,703.95 4.76 638,571.96 GBP UK POUND CURRENT EXCHANGE RATE: 1.530500000 EX0004950 30,430.0000 150,501.60 224,398.36 194,752.00 298,047.94 65,975.13 0.19 ABBEY NATIONAL ORD 10P-LON 4.945830 7.373985 6.400000 9,795200 7,702.45 LISTING INTL EQ ROWE PRICE F EX0040655 18,190.0000 67,127.62 100,212.21 100,408.80 153,475.67 49,684.18 0.10 ARGOS ORO10P 3.690350 5.509192 5.520000 8.448340 3,779.28 INTL EQ ROWE PRICE F EX0049240 27,770.0000 73,777.53 109,691.74 86,364.70 132,181.17 18,714.49 0.08 ARGVLL GROUP ORD 25P 2.656735 3.950009 3.110000 4.759858 3.774.94 INTL EQ ROWE PRICE F EX0057201 82,140.0000 47,919.14 70,723.98 82,140.00 125,713.27 50,506.65 0.08 ASDA GROUP PLC 0.583384 0.861018 1.000000 1.530580 4,484.64 INTL EQ ROWE PRICE F EX0067341 4,550.0000 24,150.48 35,746.29 22,431.58 34,331.41 -2,516.05 0.02 BAA ORD L1 5.303402 7.856327 4.930000 7.545365 1,101.95 INTL EQ ROWE PRICE F EX067887 145,624.0000 525,589.?4 800,152.85 484,384.1? 744,418.96 -56,857.21 0.48 DTR ORD 25P 3.595488 5.494658 3.340000 5.111870 1,115.32 TBC ASSET MANAGEMENT EX0096167 BICC.L 215,000.0000 764,840.83 1,211,144.67 607,375.00 929,587.44 -249,351.10 0.59
11-K71st Page of 161TOC1stPreviousNextBottomJust 71st
FRC G000600 SECURITY VALUATION REPORT PAGE: 21 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ BICC LTD ORD 50P 3.557399 5.633231 2.825000 4.323663 -32,206.18 INTERNAT-CAP GUARD EX0105851 BCI.L 70,000.0000 199,595.06 315,258.75 228,200.00 349,260.10 45,181.27 0.22 BLUE CIRCLE INDUSTRIES ORD 50P 2.851358 4.503696 3.260000 4.989430 -11,179.92 TBC ASSET MANAGEMENT EXO111446 80,000.0000 443,305.46 674,823.60 453,600.00 694,234.80 15,670.91 0.44 BOOTS CO ORD 25P 5.541318 8.435295 5.670000 8.677935 3,748.29 TBC ASSET MANAGEMENT EX0129059 30,000.0000 112,685.80 175,846.19 138,300.00 211,668.15 39,970.96 0.14 BRITISH AIRWAYS ORD 25P 3.756193 5.861540 4.610008 7.055605 -4,149.00 TBC ASSET MANAGEMENT EX0134351 90,000.0000 279,731.35 417,798.94 221,400.00 338,852.70 -87,122.00 0.22 BRITISH GAS ORD 25P 3.108126 4.642210 2.469000 3.765030 8,175.84 INTERNAT-CAP GUARD EX0134331 19,870.0000 66,143.90 97,846.57 48,880.20 74,811.15 -25,538.16 0.05 BRITISH GAS ORD 25P 3.328832 4.924337 2.460000 3.765030 2,502.74 INTL EQ ROWE PRICE F EX0138490 13,760.0000 52,905.21 78,567.83 70,864.00 108,457.35 26,670.02 0.07 BRITISH PETROLEUM CO ORD 25P 3,844855 5.709871 5.150000 7.882075 3,219.50 INTL EQ ROWE PRICE F EX0161243 25,130.0000 118,643.49 179,120.93 139,974.10 214,230.36 32,203.69 0.14 CADBURY SCHWEPPES ORD 25P 4.721189 7.127773 5.570000 8.524885 2,905.74 INTL EQ ROWE PRICE F EX0162555 CW.L 30,590.0000 154,476.98 227,793.19 138,266.80 211,617.34 -23,903.67 0.14 CABLE & WIRELESS ORD 25P 5.049918 7.446653 4.520000 6.917860 7,727.91
11-K72nd Page of 161TOC1stPreviousNextBottomJust 72nd
FRC G000600 SECURITY VALUATION REPORT PAGE: 22 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F EX0215627 CPG.L 14,000.0000 51,126.98 81,618.09 62,790.00 96,100.10 18,618.61 0.06 COMPASS GROUP ORD 5P 3.651927 5.829864 4.485000 6.864293 -4,136.60 INTL EQ ROWE PRICE F EXO299068 11,413.0000 90,900.84 135,157.79 102,032.22 156,160.31 16,550.92 0.10 EAST MIDLANDS ELECTRICITY ORD 7.964675 11.842442 8.940000 13.682670 4,451.60 56 9/11P INTL EQ ROWE PRICE F EX0309644 8,000.0000 26,071.00 41,231.29 27,280.00 41,752.04 1,912.03 0.03 ELECTROCOMPONENTS ORD 10P 3.250875 5.153911 3.410000 5.219005 -1,391.28 INTL EQ ROWE PRICE F EX0316706 164,418.0000 538,282.00 865,136.85 541,757.31 829,159.56 5,585.58 0.53 ENGLISH CHINA CLAYS ORD 25P 3.273863 5.261813 5.295000 5.042998 -41,562.87 INTERNAT-CAP GUARD EX0371784 19,000.0000 127,422.21 189,904.27 165,300.00 252,991.65 56,451.34 0.16 GLAXO WELLCOME ORD 25P 6.706432 9.994962 8.700000 13.315350 6,636.04 INTL EQ ROWE PRICE F EX0381932 34,000.0000 159,020.45 236,226.87 149,940.00 229,483.17 -13,489.12 0.15 GRAND METROPOLITAN ORD 25P 4.677072 6.947849 4.410000 6.749505 6,745.42 INTL EQ ROWE PRICE F EX0395189 GKN.L 3,000.0000 24,018.20 37,811.85 24,210.00 37,053.41 301.95 0.02 GKN ORD L1 8.006067 12.603950 8.070000 12.351135 -1,060.39 INTL EQ ROWE PRICE F EX0396005 27,740.0000 144,685.22 215,024.43 128,436.20 196,571.60 -24,148.54 0.13 GUINNESS ORD STK 25P 5.215761 7.751421 4.630000 7.006215 5,695.71
11-K73rd Page of 161TOC1stPreviousNextBottomJust 73rd
FRC G000600 SECURITY VALUATION REPORT PAGE: 23 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F EK0417504 4,930.0000 22,030.47 32,426.49 7,049.9 10,789.87 -22,049.79 0.01 HEATH (C.E.)& CO ORD 20P 4.468155 6.577381 1.430000 2.188615 413.17 INTL EQ ROWE PRICE F EX0423817 10,370.0000 48,475.94 71,351.28 23,643.60 36,186.53 -36,550.49 0.02 HEYWOOD WILLIAMS GROUP ORD 25P 4.674633 6.880548 2.280000 3.489540 1,385.74 INTL EQ ROWE PRICE F EX0427875 14,110.0000 24,762.65 36,700.52 21,588.30 33,040.89 -4,704.68 0.02 HILLSDOWN HLDGS ORD 10P 1.754972 2.601029 1.530000 2.341665 1,045.05 INTL EQ ROWE PRICE F EX0500259 22,770.0000 43,940.77 71,071.43 32,788.80 50,183.26 -18,037.61 0.03 LADBROKE GROUP ORD 10P 1.929766 3.121275 1.440000 2.203920 -2,850.56 INTL EQ ROWE PRICE F EX0500523 LAND.L 100,000.0000 385,444.82 603,868.60 405,000.00 619,852.50 30,636.70 0.40 LAIRD GROUP PLC ORD 25P 3.854448 6.038686 4.050000 6.198525 -14,652.80 TBC ASSET MANAGEMENT EX0500747 21,390.0000 84,580.19 124,904.76 53,902.80 82,498.24 -45,303.19 0.05 LAING(JOHN) ORD 'A' NON.V 25P 3.954193 5.839400 2.520000 3.856860 2,896.67 INTL EQ ROWE PRICE F EX0523884 13,450.0000 95,378.37 141,173.74 124,278.00 190,207.48 42,775.62 0.12 LONDON ELECTRICITY ORD 50P 7.091329 10.496189 9.240000 14.141820 6,258.12 INTL EQ ROWE PRICE F EX0583297 42,480.0000 170,541.86 252,140.71 82,836.00 126,780.50 -129,670.32 0.08 CARADON ORD 25P 4.014639 5.935516 1.950000 2.984475 4,310.11 INTL EQ ROWE PRICE F
11-K74th Page of 161TOC1stPreviousNextBottomJust 74th
FRC G000600 SECURITY VALUATION REPORT PAGE: 24 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ EX0602725 130,000.0000 515,626.44 762,910.48 526,500.00 805,808.25 16,088.30 0.52 MORGAN CRUCIBLE CO. ORD 25P 3.966357 5.868542 4.050000 6.198525 26,809.47 INTERNAT-CAP GUARD EX0625395 68,000.0000 336,649.39 520,964.92 453,560.00 694,173.58 180,919.17 0.44 NATIONAL WESTMINSTER BANK ORD 4.950726 7.661249 6.670000 10.208435 -7,710.51 11 (POST CAP) INTERNAT-CAP GUARD EX0625395 51,820.0000 204,111.19 335,882.85 345,639.48 529,001.10 232,897.07 0.34 NATIONAL WESTMINSTER BANK ORD 3.938850 6.481722 6.670000 10.208435 -39,778.82 L1 (POST CAP) TBC ASSET MANAGEMENT EX0625395 49,830.0000 207,167.46 328,682.75 332,366.10 508,686.32 198,634.64 0.33 NATIONAL WESTMINSTER BANK ORD 4.157485 6.596082 6.670000 10.208435 -18,631.07 L1 (POST CAP) INTL EQ ROWE PRICE F EX0697824 PWG.L 90,602.0000 465,431.50 733,947.74 483,814.68 740,478.37 28,989.11 0.47 POWERGEN ORD 50P 5.137097 8.100790 5.340000 8.172870 -22,458.50 TBC ASSET MANAGEMENT EX0718877 60,000.0000 553,132.25 825,022.15 562,800.00 861,365.40 45,910.84 0.55 RTZ CORP ORD 10P(REGD) 8.885538 13.750369 9.380000 14.356090 -9,567.59 INTERNAT-CAP GUARD EX0718877 30,000.0000 276,071.30 435,424.49 281,400.00 430,682.70 8,404.32 0.28 RTZ CORP ORD 10P(REGD) 9.202377 14.514150 9.380900 14.356898 -13,146.31 TBC ASSET MANAGEMENT EX0718877 12,750.0000 109,699.58 162,134.93 119,595.00 183,040.15 14,625.34 0.12 RTZ CORP ORD 10P(REGD) 8.603889 12.716465 9.380000 14.354898 6,279.88 INTL EQ ROWE PRICE F
11-K75th Page of 161TOC1stPreviousNextBottomJust 75th
FRC G000600 SECURITY VALUATION REPORT PAGE: 25 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ EX0724594 24,260.0000 103,966.60 156,002.88 98,980.80 151,490.11 -7,481.24 0.10 RANK ORGANISATION ORD 10P 4.285515 4.430457 4.080000 6.244440 2,968.47 INTL EQ ROWE PRICE F EX0730872 30,000.0000 259,003.71 390,730.31 313,200.00 479,352.60 81,759.96 0.31 REED INTL ORD 25P 8.633457 13.024344 10.440000 15.978420 6,862.33 INTL EQ ROWE PRICE F EX0747769 14,777.0000 26,112.31 38,794.53 26,305.06 40,256.83 283.39 0.03 ROLLS ROYCE 20P 1.767091 2.625332 1.780000 2.724290 1,178.91 INTL EQ ROWE PRICE F EX0779093 80,431.0000 183,549.91 285,722.96 176,948.20 270,819.22 -10,276.55 0.17 SCAPA GROUP 25P 2.282079 3.552398 2.200000 3.367100 -4,627.19 TBC ASSET MANAGEMENT EX0787005 15,000.0000 18,166.80 26,617.09 15,000.00 22,957.50 -4,639.84 0.01 SEARS ORD 25P 1.211120 1.774473 1.000000 1.530500 980.25 INTL EQ ROWE PRICE F EX0803414 25,540.0000 190,165.21 285,627.97 205,597.00 314,666.21 23,178.53 0.20 SHELL TRANS & TRDG ORD 25P REG 7.445780 11.183554 8.050000 12.320525 5,859.71 INTL EQ ROWE PRICE F EX0819519 48,000.0000 184,674.99 276,774.96 329,289.00 503,963.04 216,721.53 0.32 SMITHKLINE BCH/DEC UNTS() SB 3.847394 5.766145 6.860000 10.499238 10,466.55 "B" ORD 12.5P & SBC CUM PRF) INTL EQ ROWE PRICE F EX0822018 SHDS.L 21,560.0000 55,365.99 81,906.39 54,978.00 84,143.83 -573.98 0.05 SMITH (DAVID S.)(HLDGS) ORD10P 2.567996 3.798998 2.550000 3.902775 2,811.42 INTL EQ ROWE PRICE F EX0856133 14,000.0000 10,343.50 15,154.78 2,520.00 3,851.86 -11,462.60 0.00
11-K76th Page of 161TOC1stPreviousNextBottomJust 76th
FRC G000600 SECURITY VALUATION REPORT PAGE: 26 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ SPRING RAM CORP ORD 10P 0.738821 1.082484 0.180000 0.275490 164.68 INTL EQ ROWE PRICE F EX0884703 23,000.0000 52,795.38 78,214.45 66,585.00 101,908.34 20,428.82 0.07 TESCO ORD 5P 2.295451 3.400628 2.895000 4.430798 3,265.07 INTL EQ ROWE PRICE F EX0689405 31,000.0000 293,132.44 431,024.03 483,290.00 739,675.35 279,609.03 0.47 THORN-EMI ORD 25P 9.455885 13.904001 15.590000 23.860495 29,042.29 INTERNAT-CAP GUARD EX0896269 61,430.0000 160,782.94 237,258.26 162,175.20 248,209.14 2,054.48 0.16 TOmKINS ORD STK 5P 2.617336 3.862254 2.640000 4.040520 8,896.40 INTL EQ ROWE PRICE F EX0907603 30,000.0000 70,908.38 105,114.31 39,000.00 59,689.50 -47,300.86 0.04 T & N PLC ORD LI 2.363613 3.503810 1.300000 1.989650 1,876.05 INTL EQ ROWE PRICE F EX0916729 20,290.0000 140,572.62 207,778.21 113,826.90 174,212.07 -39,532.43 0.11 UNITED NEWS & MEDIA ORD 25P 6.928172 10.240424 5.610000 8.586105 5,966.29 INTL EQ ROWE PRICE F EX0927056 13,840.0000 37,870.57 55,692.00 24,635.20 37,704.17 -19,463.77 0.02 COATS VIVELLA ORD 20P 2.736313 4.023988 1.780000 2.724290 1,475.94 INTL EQ ROWE PRICE F EX0981111 22,820.0000 143,164.73 211,808.97 118,207.60 180,916.73 -36,923.51 0.12 KINGFISHER ORD 25P 6.273652 9.281725 5.180000 7.927990 6,031.27 INTL EQ ROWE PRICE F TOTAL: GBP 2,363,075.0000 9,694,520.75 14,844,059.41 10,308,376.53 15,776,970.29 951,017.21 10.08 -18,106.33
11-K77th Page of 161TOC1stPreviousNextBottomJust 77th
FRC G000600 SECURITY VALUATION REPORT PAGE: 27 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ HKD HONG KONG DOLLAR CURRENT EXCHANGE RATE: 0.129284154 FH6190273 55,000.0000 2,415,229.46 312,246.85 2,420,000.00 312,867.65 616.75 0.20 CHEUNG KONG(HLDGS) HK$0.50 43,913263 5.677215 44.000000 5.688503 4.05 TBC ASSET MANAGEMENT FH6196155 369,000.0000 6,493,624.20 839,586.16 8,985,150.00 1,161,637.52 322,139.15 0.74 CITIC PACIFIC LTD HK$0.40 17.597898 2.275301 24.350000 3.148069 -87.79 INTERNAT-CAP GUARD FH6287137 27,000.0000 710,322.46 91,858.38 769,500.00 99,484.16 7,652.80 0.06 DAO HENG BANK GROUP HK $0.50 26.308239 3.402162 28.500000 3.684598 -27.02 INTL EQ ROWE PRICE F FH6339870 166,738.0000 1,389,561.94 179,585.10 1,400,599.20 181,075.28 1,426.44 0.12 FIRST PACIFIC CO US$0.01 8.333805 1.077050 8.400000 1.085987 63.74 INTL EQ ROWE PRICE F FH6390360 30,000.0000 1,202,399.40 155,408.83 1,101,000.00 142,341.85 -13,105.77 0.09 GUOCO GROUP US$0.50 40.079983 5.180294 36.700000 4.744728 38.79 INTL EQ ROWE PRICE F FH6392424 0123.HK 422,000.0000 629,327.99 81,326.12 637,220.00 82,382.45 1,019.86 0.05 GUANGZHOU INVESTMENTS CO DRO 1.491299 0.192716 1.510000 0.195219 36.47 HK$0.10 INTL EQ ROWE PRICE F FH6436502 80,000.0000 2,727,106.58 352,083.21 2,068,000.00 267,359.63 -85,093.98 0.17 WHARF HOLDINGS HK$1 34.088832 4.401040 25.850008 3.341995 370.40 INTL EQ ROWE PRICE F FH6936502 31,011.0000 2,615,678.65 338,275.70 3,535,254.00 457,052.32 118,925.16 0.29 HSBC HLDGS ORD HK$10(HK REG) 84.346801 10.908249 114.000000 14.730394 -148.54
11-K78th Page of 161TOC1stPreviousNextBottomJust 78th
FRC G000600 SECURITY VALUATION REPORT PAGE: 28 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ HK LISTING TBC ASSET MANAGEMENT FH6448069 57,000.0000 2,170,266.98 280,438.59 2,490,900.00 322,033.90 41,431.71 0.21 HUTCHISON WHAMPOA HK$0.25 38.074859 4.919975 43.700000 5.649718 163.60 INTL EQ ROWE PRICE F FH6600875 200,000.0000 302,605.58 39,081.18 254,000.00 32,838.18 -6,277.36 0.02 MAANSHAN IRON & STEELS CO 1.513028 0.195406 1.270000 0.164191 34.36 CNYUL 'H' INTL EQ ROWE PRICE F FH6633769 20,000.0000 589,551.33 76,227.38 646,000.00 83,517.56 7,298.66 0.05 NEW WORLD DEVELOPMENT CO HK$1 29.477567 3.811369 32.300000 4.175878 -8.48 INTL EQ ROWE PRICE F FH6797457 232,000.0000 518,332.08 67,047.67 504,600.00 65,236.78 -1,776.28 0.04 SHANGHAI PETROCHEMICAL CO ORD 2.234190 0.288999 2.175000 0.281193 -34.61 'H' CNYU 1 INTL EQ ROWE PRICE F FH6867748 135,000.0000 4,771,214.29 615,773.73 7,897,500.00 1,021,021.61 403,478.97 0.65 SWIRE PACIFIC A HK $0.60 35.342328 4.561287 58.500000 7.563123 1,768.91 INTERNAT-CAP GUARD FH4867748 20,000.0000 1,239,124.90 160,040.04 1,170,000.00 151,262.46 -8,927.87 0.10 SHIRE PACIFIC A HK $0.60 61.956245 8.002002 58.500000 7.563123 150.29 INTL EQ ROWE PRICE F FH6881673 239,000.0000 8,069,584.98 1,044,509.90 6,978,800.00 902,248.25 -141,188.89 0.58 TELEVISION BROADCAST ORD $0.05 33.763954 4.370334 29.200000 3.775097 -1,072.76 INTERNAT-CAP GUARD FH6913161 D270.HK 154,000.0000 695,862.09 90,005.84 716,100.00 92,588.38 2,617.66 0.06 GUANGDONG INVESTMENT LIMITED 4.518585 0.584454 4.650000 0.601171 -43.12 DHD HK$0.50
11-K79th Page of 161TOC1stPreviousNextBottomJust 79th
FRC G000600 SECURITY VALUATION REPORT PAGE: 29 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F FH6984667 195,000.0000 562,266.75 72,748.61 368,550.00 47,647.67 -25,063.95 0.03 VICHENG CHEMICAL FIBRE COMPANY 2.883419 0.373070 1.890000 8.244347 -36.99 CNYU1 SER 'H' INTL EQ ROWE PRICE F FH6984675 768,000.0000 1,429,239.87 184,773.96 1,505,280.00 194,608.85 9,830.57 0.12 YUE YUEN INDUSTRIAL HLDGS 1.860989 0.240591 1.960000 0.253397 4.32 HK$0.10 TBC ASSET MANAGEMENT TOTAL: HKD 3,200,749.0000 38,531,299.41 4,981,017.25 43,448,453.20 5,617,196.50 635,003.65 3.59 1,175.62 ITL ITALIAN LIRA CURRENT EXCHANGE RATE: 0.000625371 EI4038630 1,250.0000 7,500,000.00 4,881.07 975,000.00 609.74 -4,246.53 0.00 DANIELI & C HTS 30-NOV-99 6,000.000000 3.904856 780.000000 0.487789 -24.80 (TO PURCHASE ORD) INTL EQ ROWE PRICE F E14043424 7,500,000.0000 0.00 0.00 6,667,500.00 4,169.66 4,169.66 0.00 DANIELI & C 7.25% BDS 1/1/2000 0.000000 0.000000 88.900000 0.055595 0.00 1-JAN-2000 ITL6000(EX.WTS) INTL EQ ROWE PRICE F EI4049041 3,136.0000 34,342,336.00 21,360.49 39,294,080.00 24,573.38 3,079.92 0.02 ARNOLDO MONDADORI EDITORE SPA 10,951.000000 6.811381 12,530.000000 7.835899 132.97 ITL1000 ORD INTL EQ ROWE PRICE F EI4056715 6,637.0000 250,668,488.00 151,200.70 241,918,650.00 151,288.91 -5,277.87 0.10 ASSICURAZIONI GENERALI ITL2000 37,768.342323 22.781495 36,450.000000 22.794773 5,366.00 INTL EQ ROWE PRICE F EI4079634 24,180.0000 42,000,660.00 25,142.56 40,767,480.00 25,494.80 -738.21 0.02 BANCA FIDEURAM ITL500 1,737.000000 1.039800 1,686.000000 1.054376 1,090.45
11-K80th Page of 161TOC1stPreviousNextBottomJust 80th
FRC G000600 SECURITY VALUATION REPORT PAGE: 30 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F EI4253579 5,000.0000 32,115,000.00 19,170.28 20,700,000.00 12,945.18 -6,613.91 0.01 DANIELI & C DI RISP ITL2000(- 6,423.000000 3.834056 4,140.000000 2.589036 588.01 NON V) INTL EQ ROWE PRICE F EI4335606 60,000.0000 414,908,350.00 251,764.72 289,000,000.00 181,232.52 -75,915.24 0.12 FIAT SPA ORD ITL1000 6,915.139167 4.196079 4,830.000000 3.020542 5,383.04 TBC ASSET MANAGEMENT EI4436396 EMI.MI 11,000.0000 57,750,000.00 36,240.95 57,750,000.00 36,115.18 0.00 0.02 ENI ITL1000 5,250.000000 3.294632 5,250.000000 3.283198 -125.77 INTL EQ ROWE PRICE F EI4438111 4,000.0000 50,804,000.00 30,412.45 36,300,000.00 22,700.97 -8,682.44 0.01 IMI SPA ORD ITL5000 12,701.000000 7.603113 9,075.000000 5.675242 970.96 INTL EQ ROWE PRICE F EI4468209 15,367.0000 70,837,299.00 43,023.70 63,004,700.00 39,401.31 -4,757.23 0.03 ITALGAS (SOC ITAL) ITL1000 4,609.702544 2.799746 4,100.000000 2.564021 1,134.84 INTL EQ ROWE PRICE F EI4534935 INAI.KL 20,000.0000 48,000,000.00 30,506.88 38,400,000.00 24,014.25 -6,101.38 0.02 ISTITUTO NAZ DELLE 2,400.000000 1.525344 1,920.000000 1.200712 -391.25 ASSICURAZIONI ITL1000 INTL EQ ROWE PRICE F EI4718249 1,000.0000 28,604,000.00 17,074.47 16,375,000.00 10,240.45 -7,299.81 0.01 RAS ITL1000 28,604.000000 17.074470 16,375.000000 10.240450 465.79 INTL EQ ROWE PRICE F EI4740037 6,200.0000 66,160,200.00 41,613.71 55,552,000.00 34,740.61 -6,672.39 0.02 RINASCENTE (LA) PERS LESDI 10,671.000000 6.711889 8,960.000000 5.603324 -200.71 GRAND MAG ITL 1000 INTL EQ ROWE PRICE F
11-K81st Page of 161TOC1stPreviousNextBottomJust 81st
FRC G000600 SECURITY VALUATION REPORT PAGE: 31 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ EI4765943 8,437.0000 32,524,635.00 20,063.01 29,613,870.00 18,519.66 -1,795.52 0.01 SME (MERIDIONALE FINANZIARIA) 3,855.000000 2.377979 3,510.000000 2.195052 252.17 ITL1000 INTL EQ ROWE PRICE F EI4776494 4,328.0000 33,065,920.00 20,551.00 28,954,320.00 18,107.19 -2,555.43 0.01 SASIB ITL1000 7,640.000000 4.748383 6,690.000000 4.183732 111.62 INTL EQ ROWE PRICE F EI4776510 13,690.0000 83,182,156.00 50,779.03 47,778,100.00 29,879.04 -21,612.60 0.02 SASIB DI RISP ITL1000(NON CNV) 6,076.125347 3.709206 3,490.000000 2.182545 712.61 INTL EQ ROWE PRICE F EI4811564 58,369.0000 146,568,385.45 89,343.85 126,952,575.00 79,392.46 -11,957.24 0.05 TELECOM ITALIA SPA ITL1000 2,511.065556 1.530673 2,175.000000 1.360182 2,005.85 INTL EQ ROWE PRICE F EI4811572 27,758.0000 57,718,521.89 34,839.90 48,992,870.00 30,638.72 -5,266.97 0.02 TELECOM ITALIA SPA DI RISP 2,079.347283 1.255130 1,765.000000 1.103780 1,065.79 ITL1000 (NON CONV) INTL EQ ROWE PRICE F EI4846503 188,000.0000 417,027,259.00 387,386.51 816,860,000.00 510,840.56 294,712.83 0.33 STET ITL1000 2,218.230101 1.635035 4,345.000000 2.717237 -91,258.78 INTERNAT-CAP GUARD EI4846503 34,420.0000 163,506,640.00 98,587.18 149,554,900.00 93,527.38 -8,412.31 0.06 STET ITL1000 4,750.338175 2.864241 4,345.000000 2.717237 3,352.43 INTL EQ ROWE PRICE F EI4846511 210,000.0000 719,625,335.00 428,296.26 660,450,000.00 415,026.28 -35,218.88 0.26 STET ITL1000 DI RISP(NON CNV) 3,426.787300 2.039506 3,145.000000 1.966792 19,948.90 TBC ASSET MANAGEMENT
11-K82nd Page of 161TOC1stPreviousNextBottomJust 82nd
FRC G000600 SECURITY VALUATION REPORT PAGE: 32 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ E14896311 18,150.0000 72,719,938.00 43,935.14 57,081,750.00 35,697.27 -9,448.12 0.02 STET ITL1000 DI RISP(NON CNV) 4,006.608154 2.420669 3,145.000000 1.966792 1,210.25 INTL EQ ROWE PRICE F EI4849648 370,000.0000 88,800,000.00 55,177.57 629,740,000.00 395,821.13 336,123.34 0.25 SOFTE S.A(SIP) CVD WTS 24/3/97 240.000000 0.149129 1,702.000000 1.064381 2,520.22 (TD PUR SIP DI RISP) INTERNAT-CAP GUARD EI4876740 45,810.0000 87,394,171.55 52,729.27 118,189,000.00 73,912.47 18,500.55 0.05 TELECOM ITALIA MOBILE ITL50 1,907.753145 1.151043 2,580.000000 1.613457 2,682.65 INTL EQ ROWE PRICE F EI4910390 2,109.0000 18,356,736.00 11,268.72 18,506,475.00 11,573.41 91.92 0.01 UNICHEM(UNION-CEM-MARCH EMIL) 8,704.000000 5.343158 8,775.000000 5.487631 212.77 SPA ITL1000 INTL EQ ROWE PRICE F TOTAL: ITL 8,638,841.0000 3,024,180,028.89 1,885,349.50 3,640,179,070.00 2,276,462.45 433,986.14 1.46 -42,873.19 JPY JAPANESE YEN CURRENT EXCHANGE RATE: 0.009825596 FJ6021598 8,000.0000 9,922,410.00 94,366.22 8,800,000.00 86,465.24 -10,674.59 0.06 ALPS ELECTRIC 1,240.301250 11.795770 1,100.000000 10.008156 2,773.61 INTL EQ ROWE PRICE F FJ6022106 13,000.0000 14,398,225.00 138,103.31 13,390,000.00 131,564.73 -9,670.58 0.08 AMADA Y50 1,107.555769 10.623332 1,030.000000 10.120364 3,132.00 INTL EQ ROWE PRICE F FJ6132107 71,000.0000 92,224,394.00 831,063.58 106,500,000.00 1,046,425.97 128,642.11 0.67 BRIDGESTONE CO Y50 1,298.935127 11.705121 1,500.000000 14.738394 86,720.28 INTERNAT-CAP GUARD
11-K83rd Page of 161TOC1stPreviousNextBottomJust 83rd
FRC G000600 SECURITY VALUATION REPORT PAGE: 33 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FJ6172327 40,000.0000 71,013,152.00 730,157.04 71,600,000.00 703,512.67 6,033.95 0.45 CANON INC Y50 1,775.328800 18.253926 1,790.000000 17.587817 -32,678.32 INTERNAT-CAP GUARD FJ6172327 14,000.0000 22,864,424.00 218,115.19 25,060,000.00 246,229.44 20,944.71 0.16 CANON INC Y50 1,633.173143 15.579656 1,790.000000 17.587817 7,169.54 INTL EQ ROWE PRICE F FJ6195844 14,605.0000 52,020,601.00 447,079.70 51,263,550.00 503,694.93 -6,506.29 0.32 CHUDENKO CORP Y50 3,561.835056 30.611414 3,510.000000 34.487842 63,121.52 INTERNAT-CAP GUARD FJ6195864 10,600.0000 38,013,605.00 367,502.81 37,206,000.00 365,571.12 -7,807.67 0.23 CHUDENKO CORP Y50 3,586.189151 34.670076 3,510.000000 34.487842 5,875.98 TBC ASSET MANAGEMENT FJ6197308 8,000.0000 7,109,498.00 67,763.14 5,984,000.00 58,794.37 -10,727.52 0.04 CITIZEN WATCH CD Y50 888.687250 8.470393 748.000000 7.349546 1,760.75 INTL EQ ROWE PRICE F FJ6248994 60.0000 52,827,965.00 541,977.73 49,080,000.00 482,248.25 -38,451.48 0.31 DDI CORP Y5000 800,466.083333 9,032.962167 818,000.000000 8,037.337528 -21,286.00 INTERNAT-CAP GUARD FJ6248994 15.0000 9,474,364.00 96,513.20 10,634,000.00 104,485.39 11,812.94 0.07 DDI CORP Y5000 728,797.230769 7,424.092308 818,000.000000 8,037.337528 -3,840.75 INTL EQ ROWE PRICE F FJ6250024 3,000.0000 3,823,944.00 37,029.12 3,720,000.00 36,551.22 -1,006.54 0.02 DAIFUKO MACHINERY Y 50 1,274.648000 12.343040 1,240.000000 12,183759 528.64 INTL EQ ROWE PRICE F FJ6250214 12,000.0000 18,807,919.00 179,304.38 16,560,000.00 162,711.87 -21,430.43 0.10
11-K84th Page of 161TOC1stPreviousNextBottomJust 84th
FRC G000600 SECURITY VALUATION REPORT PAGE: 34 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ DAIICHI PHARMACEUTICAL CO Y50 1,567.326583 14.942032 1,380.000000 13.559322 4,837.92 INTL EQ ROWE PRICE F FJ6251022 12,000.0000 8,292,966.00 79,223.13 10,632,000.00 104,465.74 22,344.91 0.07 DAINIPPON SCREEN Y50 691.080500 6.601928 886.000000 8.705478 2,897.70 INTL EQ ROWE PRICE F FJ6251162 90,000.0000 70,642,775.00 677,227.02 58,950,000.00 579,218.88 -112,094.47 0.37 DAI-TOKYO FIRE & MARINE INS CO 784.919722 7.524745 655.000000 6.435765 14,086.33 TBC ASSET MANAGEMENT FJ6251360 13,000.0000 21,305,713.00 203,272.74 19,760,000.00 194,153.78 -14,747.28 0.12 DAINA HOUSE INDUSTRY CO Y50 1,638.901000 15.636365 1,520.000000 14.934906 5,628.32 INTL EQ ROWE PRICE F FJ6298544 47.0000 23,421,636.00 235,349.41 23,453,000.00 230,439.78 315.15 0.15 EAST JAPAN RAILWAY CO Y50000 498,332.680851 5,007.434255 499,000.000000 4,902.972404 -5,224.86 INTL EQ ROWE PRICE F FJ6351279 1,032.0000 5,219,487.00 38,835.48 4,416,960.00 43,399.26 -5,971.19 0.03 FAMILYMART Y50 5,057.642442 37.631279 4,280.000000 42.053551 10,534.97 INTERNAT-CAP GUARD FJ6356524 9,000.0000 21,669,326.00 201,731.49 22,680,000.00 222,844.52 9,408.92 0.14 FUJI PHOTO FILM LTD ORD Y50 2,407.702889 22.414610 2,520.000000 24.760502 11,704.11 TBC ASSET MANAGEMENT TJ6356938 3,000.0000 14,477,331.00 147,250.03 12,990,000.00 127,634.49 -15,127.75 0.08 FANUC CO Y50 4,825.777000 49.083343 4,330.000000 42.544831 -4,487.79 INTL EQ ROWE PRICE F FJ6429107 125,000.0000 128,634,092.00 1,157,350.97 128,750,000.00 1,265,045.49 1,042.91 0.81 HITACHI LTD Y50 1,029.072736 9.258808 1,030.000000 10.120364 106,651.61
11-K85th Page of 161TOC1stPreviousNextBottomJust 85th
FRC G000600 SECURITY VALUATION REPORT PAGE: 35 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTERNAT-CAP GUARD FJ6429107 55,000.0000 54,587,846.00 595,689.95 56,650,000.00 556,620.01 22,503.23 0.36 HITACHI LTD Y50 992.506291 10.830726 1,030.000000 10.120364 -61,573.17 TBC ASSET MANAGEMENT FJ6429107 20,000.0000 18,181,295.00 173,915.97 20,600,000.00 202,407.28 23,136.50 0.13 HITACHI LTD Y50 909.064750 8.695799 1,030.000000 10.120364 5,354.81 INTL EQ ROWE PRICE F FJ6429180 60,000.0000 54,318,249.00 534,750.61 56,640,000.00 556,521.76 22,857.11 0.36 HITACHI KOKI Y50 905.304150 8.912510 944.000000 9.275363 -1,085.96 TBC ASSET MANAGEMENT FJ6429305 22,000.0000 11,213,985.00 111,600.69 11,484,000.00 112,837.14 2,687.17 0.07 HITACHI ZOSEN CORP Y50 509.726591 5.072759 522.000000 5.128961 -1,450.72 INTL EQ ROWE PRICE F FJ6429412 6501C5.T 11,000,000.0000 12,729,986.00 125,694.05 12,309,000.00 120,943.26 -4,156.76 0.08 HITACHI 115.727140 1.142670 111.900000 1.099484 -594.03 1.700% 29/03/2002 INTERNAT-CAP GUARD FJ6435146 10,000.0000 18,159,247.00 178,732.75 18,400,000.00 180,790.97 2,369.62 0.12 HONDA MOTOR CO Y50 1,815.924700 17.873275 1,840.000000 18.879097 -311.40 TBC ASSET MANAGEMENT FJ6435146 5,000.0000 8,041,017.00 76,569.75 9,200,000.00 90,395.48 11,036.29 0.06 HONDA MOTOR CO Y50 1,608.203400 15.313950 1,840.000000 18,079897 2,789.44 INTL EQ ROWE PRICE F FJ6461506 8,000.0000 8,761,290.00 83,294.06 7,760,000.00 76,246.62 -9,519.32 0.05 IMAX Y50 1,095,161250 10.411758 970.000000 9.530828 2,471.88
11-K86th Page of 161TOC1stPreviousNextBottomJust 86th
FRC G000600 SECURITY VALUATION REPORT PAGE: 36 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F FJ6466869 4028.T 11,000.0000 4,657,779.00 46,505.71 3,322,000.00 32,640.63 -13,337.12 0.02 ISHIHARA SANGYD Y50 423.434455 4.227792 302.000000 2.967330 -527.96 INTL EQ ROWE PRICE F FJ6467941 12,000.0000 54,971,566.00 644,829.24 67,440,000.00 662,638.19 146,257.61 0.42 ITO-YOKADO CO Y50 4,580.965833 53.735770 5,620.000000 55.219850 -128,448.66 TBC ASSET MANAGEMENT FJ6467941 4,000.0000 22,405,914.00 211,723.02 22,480,000.00 220,879.40 700.08 0.14 ITO-YOKADO CO Y50 5,601.478500 52.930755 5,620.000000 55.219850 8,456.30 INTL EQ ROWE PRICE F FJ6483807 45,000.0000 54,771,455.00 520,508.90 56,250,000.00 552,689.78 14,051.05 0.35 KAO CORP Y50 1,217.143444 11.566864 1,250.000000 12.281995 18,129.83 TBC ASSET MANAGEMENT FJ6492923 737.0000 1,169,015.00 9,333.08 1,230,790.00 12,093.25 493.19 0.01 KINDEN CORPORATION Y50 1,586.180461 12.663609 1,670.000000 16.408745 2,266.98 INTERNAT-CAP GUARD FJ6496502 5,000.0000 11,929,548.00 112,837.50 10,950,000.00 107,590.28 -9,265.21 0.07 KOKUYO CO Y50 2,385.909600 22.567590 2,190.000000 21.518055 4,017.99 INTL EQ ROWE PRICE F FJ6496585 18,000.0000 15,484,380.00 147,824.69 14,408,000.00 141,488.50 -10,352.25 0.09 KOMATSU Y50 860.243333 8.212483 800.000000 7.860477 4,016.14 INTL EQ ROWE PRICE F FJ6496650 /6349.T 5,000.0000 11,275,810.00 107,564.85 12,000,000.00 117,907.15 6,908.36 0.08 KOMORI CORPORATION Y50 2,255.162000 21.512970 2,400.000000 23.581400 3,433.94 INTL EQ ROWE PRICE F
11-K87th Page of 161TOC1stPreviousNextBottomJust 87th
FRC G000600 SECURITY VALUATION REPORT PAGE: 37 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FJ6497567 15,000.0000 8,148,694.00 82,204.71 6,030,000.00 59,248.34 -21,375.56 0.04 KUMAGAI-GUMI 543.246267 5.480314 402.000000 3.949890 -1,582.81 INTL EQ ROWE PRICE F FJ6497666 12,000.0000 13,128,525.00 125,231.94 12,480,000.00 122,623.44 -6,186.23 0.08 KURARAY CO Y50 1,094.043750 10.435995 1,040.000000 10.218620 3,577.73 INTL EQ ROWE PRICE F FJ6499266 15,000.0000 80,481,847.00 741,392.10 120,750,000.00 1,186,440.72 370,946.88 0.76 KYOCERA CORP Y50 5,365.456467 49.426140 8,050.000000 79.096048 74,101.74 INTERNAT-CAP GUARD FJ6499266 5,000.0000 34,527,688.00 331,360.27 40,250,000.00 395,480.24 54,916.69 0.25 KYOCERA CORP Y50 6,905.537600 66.272054 8,050.000000 79.096048 9,203.28 INTL EQ ROWE PRICE F FJ8551033 10,000.0000 61,389,207.00 641,283.69 63,000,000.00 619,012.55 16,826.66 0.40 MABUCHI MOTOR Y50 6,138.920700 64.128369 6,300.000000 61.901255 -39,097.80 TBC ASSET MANAGEMENT FJ6555892 8,000.0000 15,890,321.00 151,941.30 11,760,000.00 115,549.01 -39,493.63 0.07 MAKITA CORP Y50 1,986.290125 18.992663 1,470.000000 14.443626 3,101.36 INTL EQ ROWE PRICE F FJ6569522 11,000.0000 18,338,009.00 187,703.40 20,900,000.00 205,354.96 26,223.92 0.13 MARIU CO Y50 1,667.091727 17.063945 1,900.000000 18.668632 -8,572.36 INTL EQ ROWE PRICE F FJ6572708 13,000.0000 21,966,687.00 210,068.71 19,630,000.00 192,874.95 -22,345.80 0.12 MATSUSHITA ELECTRIC INDUSTRIAL 1,689.745154 16.159132 1,510.000000 14.836650 5,153.62 CO Y50 INTL EQ ROWE PRICE F
11-K88th Page of 161TOC1stPreviousNextBottomJust 88th
FRC G000600 SECURITY VALUATION REPORT PAGE: 38 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FJ6592144 60,000.0000 105,097,451.00 984,913.64 76,800,000.00 754,605.77 -265,187.66 0.48 MIKUNI COCA COLA Y50 1,751.624183 16.415227 1,280.000000 12.576763 34,879.79 TBC ASSET MANAGEMENT FJ6596700 9,000.0000 9,798,752.00 93,423.81 10,980,000.00 107,885.04 11,262.32 0.07 MITSUBISHI CORP Y50 1,088.750222 10.380423 1,220.000000 11.987227 3,198.91 INTL EQ ROWE PRICE F FJ6597069 85,000.0000 66,156,046.00 577,181.65 68,935,000.00 677,327.46 24,245.14 0.43 MITSUBISHI HEAVY IND Y50 778.306424 6.790372 811.000000 7.968558 75,900.67 INTERNAT-CAP GUARD FJ6597069 75,000.0000 54,114,714.00 506,912.43 60,825,000.00 597,641.88 62,857.73 0.38 MITSUBISHI HEAVY IND Y50 721.529520 6.758832 811.000000 7.968558 27,871.72 TBC ASSET MANAGEMENT FJ6597069 35,000.0000 24,787,174.00 237,103.60 28,385,000.00 278,899.54 34,415.27 0.18 MITSUBISHI HEAVY IND Y50 708.204971 6.774389 811.000000 7.968558 7,380.67 INTL EQ ROWE PRICE F FJ6597143 12,000.0000 8,792,822.00 89,252.54 7,524,000.00 73,927.78 -12,879.32 0.05 MITSUBISHI PAPER MILLS Y50 732.735167 7.437712 627.000000 6,160649 -2,445.44 INTL EQ ROWE PRICE F FJ6597366 6,000.0000 4,918,809.00 47,389.99 5,082,000.00 49,933.60 1,572.25 0.03 MITSUI PETROCHEMICAL INDS LTD 819.801500 7.898332 847.000000 8.322280 971.44 INTL EQ ROWE PRICE F FJ6597606 79,000.0000 125,830,734.00 949,789.99 99,540,000.00 978,839.83 -198,446.54 0.63 MITSUI FUDDSAN CO Y50 1,592.794101 12.022658 1,260.000000 12.380251 226,696.38 INTERNAT-CAP GUARD FJ6597606 20,000.0000 26,262,252.00 251,090.45 25,200,000.00 247,605.02 -10,156.07 0.16
11-K89th Page of 161TOC1stPreviousNextBottomJust 89th
FRC G000600 SECURITY VALUATION REPORT PAGE: 39 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ MITSUI FUDDSAM CO Y50 1,313.112600 12.554523 1,260.000000 12.380251 6,670.64 INTL EQ ROWE PRICE F FJ6610409 22,000.0000 76,306,165.00 704,221.77 80,300,000.00 788,995.36 36,858.66 0.50 MURATA MANUFACTURING CO Y50 3,468.462045 32.010080 3,650.000000 35.863425 47,914.93 INTERNAT-CAP GUARD FJ6610409 15,000.0000 47,845,742.00 492,002.55 54,750,000.00 537,951.38 70,997.18 0.34 MURATA MANUFACTURING CO Y50 3,189.716133 32.800170 3,650.000000 35.863425 -25,048.35 TBC ASSET MANAGEMENT FJ6610409 3,600.0000 14,060,680.00 133,304.05 13,140,000.00 129,108.33 -8,728.62 0.08 MURATA MANUFACTURING CO Y50 3,905.744444 37.028903 3,650.000000 35.863425 4,532.90 INTL EQ ROWE PRICE F FJ6625720 3,000.0000 5,838,770.00 55,751.95 4,950,000.00 48,636.70 -8,486.49 0.03 NATIONAL HOUSE INDUSTRIAL CO 1,946.256667 18.583983 1,650.000000 16.212233 1,371.24 Y50 INTL EQ ROWE PRICE F FJ6639556 12,000.0000 67,708,263.00 785,927.82 96,000,000.00 943,257.22 328,398.04 0.60 NINTENDO CO 5,642.355250 65.493985 8,000.000000 78.604768 -171,068.64 INTERNAT-CAP GUARD FJ6640380 13,000.0000 23,714,635.00 230,837.13 24,440,000.00 240,137.57 7,060.66 0.15 NIPPON DENSO 1,824.202692 17.756702 1,880.000000 18.472120 2,239.78 INTL EQ ROWE PRICE F FJ6640408 20,000.0000 19,231,490.00 200,328.28 26,000,000.00 255,465.50 70,505.40 0.16 NEC CORP Y50 961.574500 10.016414 1,300.000000 12.773275 -15,368.18 INTL EQ ROWE PRICE F FJ6640786 4,000.0000 8,009,413.90 77,824.25 6,360,000.00 62,490.79 -16,026.69 0.04 NIPPON HODO CO Y50 2,002.353250 19.456063 1,590.000000 15.622698 693.23
11-K90th Page of 161TOC1stPreviousNextBottomJust 90th
FRC G000600 SECURITY VALUATION REPORT PAGE: 40 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F FJ6640984 45,000.0000 55,346,176.00 536,418.73 54,900,000.00 539,425.22 -4,324.36 0.34 NISHIMATSU CONSTRUCTION CO Y50 1,229.915022 11.920416 1,220.000000 11.987227 7,330.85 TBC ASSET MANAGEMENT FJ6641370 132.6000 102,173,051.00 1,067,023.45 110,190,600.00 1,082,688.32 83,729.60 0.69 NIPPON TEL & TEL CORP Y50000 770,535.829563 8,046.934012 831,000.000000 8,165.070276 -68,064.73 INTERNAT-CAP GUARD FJ6641370 14.1000 12,093,052.00 122,099.74 11,717,100.00 115,127.49 -3,795.87 0.07 NIPPON TEL & TEL CORP Y50000 857,663.262411 8,659.556028 831,000.000000 8,165.070276 -3,176.38 INTL EQ ROWE PRICE F FJ6642568 77,000.0000 26,813,617.00 265,297.11 26,950,000.00 264,799.81 1,349.40 0.17 NIPPON STEEL 348.228792 3.445417 350.000000 3.438959 -1,846.70 INTL EQ ROWE PRICE F FJ6643103 23,000.0000 38,540,090.00 448,251.18 46,000,000.00 451,977.42 86,764.56 0.29 NOMURA SECURITIES CO Y50 1,675.656087 19.489182 2,000.000000 19.651192 -83,038.32 INTERNAT-CAP GUARD FJ6643103 15,000.0000 32,050,177.00 322,112.32 30,000,000.00 294,767.88 -20,604.79 0.19 NOMURA SECURITIES CO Y50 2,136.678467 21.474155 2,000.000000 19.651192 -6,739.65 TBC ASSET MANAGEMENT FJ6643103 15,000.0000 25,926,929.00 286,037.13 30,000,000.00 294,767.84 44,935.89 0.19 NOMURA SECURITIES CO Y50 1,728.461933 19.069142 2,000.000000 19.651192 -36,205.14 INTL EQ ROWE PRICE F FJ6660107 8,000.0000 33,458,951.00 333,691.15 29,120,000.00 286,121.36 -43,273.02 0.18 OMO PHARMACEUTICAL CO Y50 4,182.368875 41.711394 3,640.000000 35.765169 -4,296.77 !!!!!
11-K91st Page of 161TOC1stPreviousNextBottomJust 91st
FRC G000600 SECURITY VALUATION REPORT PAGE: 41 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ TBC ASSET MANAGEMENT FJ6661147 17,000.0000 30,815,823.00 241,419.20 71,400.000.00 701,547.55 317,947.04 0.45 ORIN CORP Y50 1,812.695471 14.201129 4,200.000000 41.267503 142,181.31 INTERNAT-CAP GUARD FJ6688744 7,000.0000 20,227,086.00 196,612.51 12,390,000.00 121,739.13 -76,178.50 0.08 PIONEER ELECTRONIC CORP Y50 2,889.583714 28.087501 1,770.000000 17,391305 1,305.12 INTL EQ ROWE PRICE F FJ6774650 3,000.0000 11,503,047.00 111,813.55 6,600,000.00 64,848.93 -47,659.29 0.04 SANGETSU Y50 3,834.349000 37.271183 2,200.000000 21.616311 694.67 INTL EQ ROWE PRICE F FJ6776285 43,500.0000 97,512,808.00 1,005,838.10 98,745,000.00 970,228.48 12,709.96 0.62 SANKYO CO Y50 2,241.673747 23.122715 2,270.000000 22.304103 -48,319.58 INTERNAT-CAP GUARD FJ6775285 8,700.0000 19,165,339.00 187,795.66 19,749,000.00 194,045.78 5,719.12 0.12 SANKYO CO Y50 2,202.912529 21.585708 2,270.000000 22.304183 530.92 INTL EQ ROWE PRICE F FJ6776762 169,000.0000 94,859,898.00 954,932.41 89,570,000.00 880,078.63 -53,252.18 0.56 SANYO ELECTRIC CO Y50 561.301172 5.650488 530.000000 5.207566 -21,601.60 INTERNAT-CAP GUARD FJ6791597 10,000.0000 64,700,001.00 607,206.92 68,700,000.00 675,018.45 37,539.83 0.43 SECOM CO Y50 6,470.000100 60.720692 6,870.000000 67.501845 30,271.70 INTERNAT-CAP GUARD FJ6791951 1,200.0000 8,389,778.00 85,060.95 6,600,000.00 64,848.93 -18,145.92 0.04 SEGA ENTERPRISES Y50 6,991.481667 78.884125 5,500.000000 54.040778 -2,066.10 INTL EQ ROWE PRICE F
11-K92nd Page of 161TOC1stPreviousNextBottomJust 92nd
FRC G000600 SECURITY VALUATION REPORT PAGE: 42 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FJ6793825 16,000.0000 16,334,342.00 158,886.47 20,960,000.00 205,944.49 44,994.43 0.13 SEKISUI CHEMICAL Y50 1,020.896375 9.930404 1,310.000000 12.871531 2,063.59 INTL EQ ROWE PRICE F FJ6793908 42,000.0000 47,530,120.00 544,707.61 49,980,000.00 491,083.29 28,076.28 0.31 SEKISUI HOUSE Y50 1,131.669524 12.969229 1,190.000000 11,692459 -81,700.60 INTERNAT-CAP GUARD FJ6793908 50,000.0000 71,656,431.00 673,695.03 59,500,000.00 584,622.96 -114,291.56 0.37 SEKISUI HOUSE Y50 1,433.128620 13,473901 1,190.000000 11.692459 25,219.49 TBC ASSET MANAGEMENT FJ6793908 12,000.0000 16,651,370.00 161,739.06 14,280,000.00 140,309.51 -23,033.74 0.09 SEKISUI HOUSE Y50 1,387.614167 13.478255 1,190.000000 11,692459 1,604.19 INTL EQ ROWE PRICE F FJ6795473 800.0000 2,654,069.00 24,624.18 1,424,000.00 13,991.65 -11,412.45 0.01 SENSHUKAI Y50 3,317.586250 30.780225 1,780.000000 17.409561 779.92 INTERNAT-CAP GUARD FJ6797172 1,420.0000 10,109.460.00 97,534.58 9,996,800.00 98,224.52 -1,086.92 0.06 SEVEN-ELEVEN JAPAN NPV 7,119.338028 68.686324 7,040.000000 69.172196 1,776.86 INTL EQ ROWE PRICE F FJ6800604 15,000.0000 24,507,113.00 237,083.28 21,600,000.00 212,232.87 -28,123.58 0.14 SHARP CORP Y50 1,633.807533 15.805552 1,440.000000 14.348858 3,273.17 INTL EQ ROWE PRICE F FJ6804580 6,000.0000 11,013,288.00 111,575.18 12,600,000.00 123,802.51 16,074.92 0.08 SHIN-ETSU CHEMICALS CO Y50 1,835.548000 10.595863 2,100.000000 20.633752 -3,847.59 INTL EQ ROWE PRICE F
11-K93rd Page of 161TOC1stPreviousNextBottomJust 93rd
FRC G000600 SECURITY VALUATION REPORT PAGE: 43 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FJ6821501 13,000.0000 54,121,800.00 638,131.26 70,200,000.00 689,756.84 189,572.44 0.44 SONY CORP Y50 4,163.215385 49.087020 5,400.000000 53.058218 -137,946.86 INTERNAT-CAP GUARD FJ6821501 4,100.0000 24,599,104.00 239,964.08 22,140,000.00 217,538.70 -23,988.53 0.14 SONY CORP Y50 5,999.781463 58,527824 5,400.000000 53.058218 1,563.15 INTL EQ ROWE PRICE F FJ6858701 19,000.0000 30,075,404.00 288,817.27 22,610,000.00 222,156.73 -71,691.07 0.14 SUMITOMO ELECTRIC IND Y50 1,582.916000 15.200909 1,190.000000 11.692459 5,030.53 INTL EQ ROWE PRICE F FJ6850867 8,000.0000 17,487,346.00 167,218.42 10,960,000.00 107,688.53 -62,416.13 0.07 SUMITOMO FORESTRY CO Y50 2,185.918250 20.902303 1,370.000000 13.461067 2,886.24 INTL EQ ROWE PRICE F FJ6858909 80,000.0000 53,938,592.00 524,013.00 54,640,000.00 536,870.57 6,814.16 0.34 SUMITOMO REALTY & DEV CO Y50 674.232400 6.550163 683.000000 6.710882 6,043.41 INTERNAT-CAP GUARD FJ6858941 50,000.0000 48,744,822.00 453,516.39 50,500,000.00 496,192.60 16,330.00 0.32 SUMITOMO CORP Y50 974.896440 9.070328 1,010.000000 9.923852 26,346.21 TBC ASSET MANAGEMENT FJ6858941 23,000.0000 23,672,083.00 227,915.90 23,230,000.00 228,248.60 -4,256.39 0.15 SUMITOMO CORP Y50 1,029.221000 9.909387 1,010.000000 9.923852 4,589.09 INTL EQ ROWE PRICE F FJ6865508 50,000.0000 60,265,977.00 623,632.52 56,500,000.00 555,146.17 -38,970.35 0.35 SUZUKI MOTOR CO Y50 1,205.319540 12.472650 1,130.000000 11.102923 -29,516.00 INTERNAT-CAP GUARD FJ6869302 4,000.0000 18,129,449.00 177,406.07 20,640.000.00 202,800.30 24,567.04 0.13
11-K94th Page of 161TOC1stPreviousNextBottomJust 94th
FRC G000600 SECURITY VALUATION REPORT PAGE: 44 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ TDK CORP 4,532.362250 44.351518 5,160.000000 50.700075 827.19 INTL EQ ROWE PRICE F FJ6870490 /6857.T 1,000.0000 3,063,035.00 28,981.09 5,780,000.00 56,791.94 25,706.73 0.04 ADVANTEST Y50 3,063.035000 28.981090 5,780.000000 56.791945 2,104.12 INTL EQ ROWE PRICE F FJ6880507 24,000.0000 12,690,699.00 124,812.60 12,864,000.00 124,396.47 1,704.42 0.08 TEIJIN Y50 528.779125 5.200525 536.000000 5.266519 -120.55 INTL EQ ROWE PRICE F FJ6894169 50,000.0000 83,706,365.00 844,026.84 85,000,000.00 835,175.66 13,043.97 0.53 TOKYO BROADCASTING SYS INC Y50 1,674.127300 16.880537 1,700.000000 16.703513 -21,895.15 INTERNAT-CAP GUARD FJ6894672 5,623.0000 8,801,535.00 83,619.56 6,159,100.00 60,516.83 -25,104.62 0.04 YURTEC CORPORATION Y50 2,429.349986 23.080199 1,700.000000 16.703513 2,001.89 Y50 INTL EQ ROWE PRICE F FJ6894763 8,000.0000 10,535,964.00 100,741.46 9,280,000.00 91,181.53 -12,009.12 0.06 TOKIO MARINE & FIRE INS CO 1,316.995500 12.592683 1,160.000000 11.397691 2,449.19 INTL EQ ROWE PRICE F FJ6895679 3,000.0000 9,129,623.00 92,286.98 13,020,000.00 127,929.26 39,325.95 0.08 TOKYO ELECTRON Y50 3,043.207667 30.762327 4,340.000000 42.643087 -3,683.67 INTL EQ ROWE PRICE F FJ6895877 7,000.0000 16,150,921.00 162,512.08 13,168,000.00 129,304.84 -30,094.92 0.08 TOKYO STEEL MFG CO Y50 2,307.274429 23.216011 1,880.000000 18.472120 -3,112.32 INTL EQ ROWE PRICE F FJ6897022 5,000.0000 7,169,789.00 72,883.08 6,600,000.00 64,848.93 -5,792.08 0.04 TOPPAN PRINTING Y50 1,433.957800 14.576616 1,320.000000 12.969787 -2,242.07
11-K95th Page of 161TOC1stPreviousNextBottomJust 95th
FRC G000600 SECURITY VALUATION REPORT PAGE: 45 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F FJ6897212 85,000.0000 62,404,759.00 598,102.31 62,305,000.00 612,183.76 -956.11 0.39 TOSHIBA CORP Y50-TDK LISTING 734.173635 7.036498 733.000000 7.202162 15,037.56 TBC ASSET MANAGEMENT FJ6900214 27,000.0000 100,494,572.00 945,108.81 83,700,000.00 822,402.39 -157,945.80 0.53 TOSTEM CORP Y50 3,722.021185 35.004030 3,100.000000 30.459348 35,239.38 INTERNAT-CAP GUARD FJ6900644 28,000.0000 45,871,973.00 540,819.73 56,280,000.00 552,984.54 122,708.19 0.35 TOYOTA MOTOR CO Y50 1,638.284750 19.314990 2,010.000000 19.749448 -110,543.38 INTERNAT-CAP GUARD FJ6900644 32,000.0000 60,149,457.00 554,711.18 64,320,000.00 631,982.33 38,461.62 0.40 TOYOTA MOTOR CO Y50 1,879.670531 17.334724 2,010.000000 19.749448 38,809.53 TBC ASSET MANAGEMENT FJ6911484 8113.T 10,000.0000 21,902,438.00 216,907.16 23,300,000.00 228,936.59 13,840.52 0.15 UNI-CHARM Y50 2,190.243800 21.690716 2,330.000000 22.893639 -1,811.29 INTERNAT-CAP GUARD FJ6933801 114,000.0000 82,033,533.00 795,883.25 89,376,000.00 870,172.47 71,236.09 0.56 NAKO SECURITIES CO Y50 719.592395 6.981432 784.000000 7.703267 11,053.13 INTERNAT-CAP GUARD FJ6985389 20,000.0000 43,628,800.00 404,157.49 43,800,000.00 430,361.10 1,585.91 0.28 YAMANOUCHI PHARMACEUTICAL CO 2,181.440000 20.207875 2,190.000000 21.518055 24,617.70 YS0 TBC ASSET MANAGEMENT FJ6985561 49,500.0000 59,143,171.00 599,203.10 56,925,000.00 559,322.05 -22,473.16 0.36 YAMATO TRANSPORT Y50 1,194.811535 12.105113 1,150.000000 11.299435 -17,407.89
11-K96th Page of 161TOC1stPreviousNextBottomJust 96th
FRC G000600 SECURITY VALUATION REPORT PAGE: 46 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ TBC ASSET MANAGEMENT FJ6986064 78,000.0000 55,414,686.00 455,824.15 52,416,000.00 515,018.44 -24,666.39 0.33 YASUDA FIRE & MARINE INS Y50 710.444692 5.843925 672.000000 6.602801 83,858.68 INTERNAT-CAP GUARD TOTAL: JPY 13,672,683.7000 5,878,525,012.00 37,801.685.81 3,965,253,900.00 38,960,786.35 979,666.69 24.90 179,433.85 KRW SOUTH KOREAN WON CURRENT EXCHANGE RATE: 0.001297606 FK6076475 85540.KS 4,000.0000 33,855,030.00 43,683.92 29,160,000.00 37,858.19 -6,058.10 0.02 SEOUL BANK KRW5000 8,463.757500 10.920980 7,290.000000 9,459548 212.37 INTL EQ ROWE PRICE F FK6192744 5,000.0000 52,080,100.00 67,174.30 59,500,000.00 65,529.10 -2,038.04 0.04 CHO-HUNG BANK KSWN5000 10,416.020000 13.434860 10,100.000000 13.185821 392.84 INTL EQ ROWE PRICE F FK6408405 3,000.0000 29,275,650.00 38,655.37 27,450,000.00 35,619.28 -2,410.58 0.02 HANIL BANK KSWN5000 9,758.550000 12.885123 9,159.000000 11.873095 -625.51 INTL EQ ROWE PRICE F FK6495733 10,290.0000 319,120,600.00 418,356.65 314,874,000.00 408,582.39 -5,567.23 0.26 KOREA ELEC POWER CORP KSWN5000 31,012.691934 40.656623 30,600.000000 39.706744 -4,207.03 INTERNAT-CAP GUARD FK6495733 3,200.00000 94,638,530.00 124,771.38 97,920,000.00 127,061.58 4,326.25 0.08 KOREA ELEC POWER CORP KSWN5000 29,574.540625 38.991056 30,600.000000 39.706744 -2,036.05 INTL EQ ROWE PRICE F FK6693238 1,675.0000 70,750,937.26 89,470.61 97,987,500.00 127,149.17 34,443.01 0.08 POHANG IRON & STEEL CO 42,239.365528 53.415290 58,500.000000 75.909951 3,235.65 KSWN5000
11-K97th Page of 161TOC1stPreviousNextBottomJust 97th
FRC G000600 SECURITY VALUATION REPORT PAGE: 47 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F FK6767750 20.0000 733,409.80 927.19 3,165,162.00 4,107.13 3,074.26 0.00 SAMSUNG ELECTRONIC CO KRW5000 36,670.490000 46.359500 158,258.100000 205.356660 105.68 (RFD-13-MAR-95) INTL EQ ROWE PRICE F FK6771729 503.0000 65,739,868.28 85,361.96 72,935,000.00 94,640.89 9,342.75 0.06 SAMSUNG ELECTRONICS KSWN5000 130,695.563181 169.705686 145,000.000000 188.152870 -63.82 INTL EQ ROWE PRICE F FK6885883 85600.KS 2,300.0000 35,221,280.00 43,934.41 33,350,000.00 43,275.16 170.23 0.03 KOOK MIN BANK KSWN5000 14,444.034783 19.101917 14,500.000000 18.815287 -829.48 INTL EQ ROWE PRICE F FK6988372 1,200.0000 40,762,000.00 51,798.47 32,400,000.00 42,042.43 -10,426.85 0.03 YUKONG LTD SHS 33,969.000000 43.165392 27,000.000000 35.035362 870.81 INTL EQ ROWE PRICE F FK9055807 44510.KS 143.0000 3,517,800.00 4,618.05 3,861,000.00 5,014.06 450.54 0.00 YUKONG LTD(RFD-16-JUN-95) 24,600.000000 32.294056 27,009.000000 35.035362 -58.53 INTL EQ ROWE PRICE F FK9058371 1.0000 83,000.00 106.93 83,000.00 107.70 0.00 0.00 SAMSUNG ELECTRONICS CO IRFD 83,000.000000 106.930000 83,000.000000 107.701298 0.77 26-AUG-95) INTL EQ ROWE PRICE F FK9059593 632.0000 7,204,800.00 9,376.98 9,164,000.00 11,891.26 2,549.88 0.01 KOOKMIN BANK (RFD-17-OCT-95) 11,400.000000 14.836994 14,500.000000 18.815287 -35.60 INTL EQ ROWE PRICE F TOTAL: KRW 31,964.0000 750,983,805.34 978,236.22 772,849,662.08 1,002,854.34 27,656.12 0.64 -3,038.00
11-K98th Page of 161TOC1stPreviousNextBottomJust 98th
FRC G000600 SECURITY VALUATION REPORT PAGE: 48 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ MXN MEXICAN NEW PESO CURRENT EXCHANGE RATE: 0.132714001 LM2183084 9,075.0000 256,873.91 78,720.32 219,615.00 29,145.99 -11,418.18 0.02 CEMENTOS MEXICANOS SER'B'NPV 28.305665 8.674415 24.200000 3.211679 -38,156.15 INTL EQ ROWE PRICE F LM2196201 350,000.0000 2,993,387.97 564,161.98 2,723,000.00 361,380.22 -50,959.85 0.23 CIFRA SA DE CV ORD SHS NPV'C' 8.552537 1.611891 7.780000 1.032515 -151,821.91 INTERNAT-CAP GUARD LM2344597 17,595.0000 288,448.42 47,810.53 305,801.10 40,584.09 2,876.22 0.03 FOMENTO ECONOMICO MEXICANO DE 16.393772 2.717279 17.380000 2.306569 -10,102.66 CV SER 'B' NPV INTL EQ ROWE PRICE F LM2800532 3,744.0000 83,777.90 13,707.12 112,507.20 14,931.28 4,700.48 0.01 GRUPO MODELO SA DE CV MKP 22.376576 3.661090 30.050000 3.988056 -3,476.32 SER 'C' SHS INTL EQ ROWE PRICE F LM2387131 395.0000 91,355.77 27,128.66 4,226.58 560.92 -25,073.57 0.00 GRUPO FINANCIERO BAKANEX ACCIV 231.280430 68.680152 10.700000 1.420040 -694.17 SER 'L' NPV INTL EQ ROWE PRICE F LM2390572 43,917.0000 243,899.24 73,153.26 205,531.56 27,276.92 -11,507.71 0.02 GRUPO INDUSTRIAL MASECA SA DE 5.553641 1.665716 4.680000 8.621102 -34,368.63 CV SER'B'MMP NPV INTL EQ ROWE PRICE F LM2392545 7,649.0000 137,874.14 20,142.31 159,099.20 21,114.69 3,100.81 0.01 GRUMA SA DE CV SER 'B' NPV 18.025120 2.633326 28.800000 2.760451 -2,128.43 INTL EQ ROWE PRICE F LM2393071 18,597.0000 215,676.76 52,222.48 68,808.90 9,131.90 -35,561.57 0.01 GRUPO SIDEX S.A.DE C.V. SER'B' 11.597395 2.808113 3.700000 0.491042 -7,529.01
11-K99th Page of 161TOC1stPreviousNextBottomJust 99th
FRC G000600 SECURITY VALUATION REPORT PAGE: 49 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ LM2393188 21,127.0000 267,071.44 53,000.89 244,228.12 32,412.49 -4,533.30 0.02 GRUPO FINANCIERO BANAMEX 12.641238 2.508680 11.560000 1.534174 -16,055.10 ACCIVL SER'B'NPV INTL EQ ROWE PRICE F LM2394269 26,190.0000 386,697.14 94,984.45 337,851.00 44,837.56 -11,998.08 0.03 GRUPO EMBOT DE MEXICO SA DE.CV 14.765068 3,626745 12.900000 1.712011 -38,148.81 PTG CERTS-REPR 1B-1L & E'D'SHS INTL EQ ROWE PRICE F LM2491917 2,868.0000 265,257.02 40,528.19 282,498.00 37,491.44 2,634.22 0.02 KIMBERLY CLARK DE MEXICO 'A' 92.488501 14.131168 98.500000 13.072329 -5,670.97 NPV INTL EQ ROWE PRICE F LM2B96123 15,890.0000 740,034.43 225,629.34 475,111.00 63,853.88 -80,772.59 0.04 TOLMEX S.A.DE CV CLASS'B2'NPV 46.572337 14.199455 29.900000 3.968149 -81,802.87 INTL EQ ROWE PRICE F TOTAL: MXN 517,047.0000 5,970,354.14 1,291,189.53 5,138,277.58 681,921.38 -219,313.12 0.44 -389,955.03 MYR MALAYSIAN RINGGIT CURRENT EXCHANGE RATE: 0.394166338 ZM6009447 AFIN_T.K 29,600.0000 14,000.80 5,671.78 46,768.00 18,434.37 13,274.12 0.01 AFFINS HOLDINGS BERHAD 0.473000 0.191614 1.580000 0.622783 -511.53 WTS 15-NOV-99(TO SUB FOR ORD) INTL EQ ROWE PRICE F ZM6009454 117,000.000 575,431.17 230,661.47 535,860.00 211,217.97 -15,862.10 0.14 AFFINS HOLDINGS BERHAD MY$1 4.918215 1.971466 4.580000 1.805282 -3,581.40 TBC ASSET MANAGEMENT ZM6009454 102,000.0000 444,874.98 161,428.78 467,160.00 184,138.75 8,086.41 0.12 AFFIN HOLDINGS BERHAD MY$1 4.361519 1.582635 4.580000 1.805282 14,623.56 INTL EQ ROWE PRICE F
11-K100th Page of 161TOC1stPreviousNextBottomJust 100th
FRC G000600 SECURITY VALUATION REPORT PAGE: 50 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ ZM6212769 14,000.0000 83,608.77 31,423.35 91,000.00 35,869.14 2,777.90 0.02 COMMERCE ASSET-HLDGS BERHAD 5.972055 2.244525 6.500000 2.562081 1,667.89 TSR 27-JUN-98(TO PURCHASE ORD) INTL EQ ROWE PRICE F ZM6351569 BSTB.KL 36,000.0000 126,763.20 51,398.13 187,200.00 73,787.94 24,505.05 0.05 BERJAYA SPORTS TOTO BERHAD MY$ 3.521200 1.427726 5.200000 2.049665 -2,115.24 INTL EQ ROWE PRICE F ZM6551273 58,000.0000 183,875.12 74,892.11 145,580.00 57,382.74 -15,597.56 0.04 MBF CAPITAL BERHAD MY$1 3.170261 1.291243 2.510000 0.989358 -1,911.81 MSE LISTING INTL EQ ROWE PRICE F ZM6609626 87,000.0000 370,410.18 151,888.59 318,420.00 125,510.45 -21,318.84 0.08 MULTI-PURPOSE HLDG MY$1 4.257588 1.745846 3.660000 1.442649 -5,059.30 INTL EQ ROWE PRICE F ZM6732378 76,000.0000 321,498.66 118,057.69 281,200.00 138,839.57 -14,795.58 0.07 REHONG BERHAD MY$0.50 4.230246 1.553128 3.700000 1.458415 7,597.46 INTL EQ ROWE PRICE F ZM6754455 85,000.0000 881,951.63 324,825.30 605,500.00 237,879.38 -102,554.53 0.15 TECHNOLOGY RESOURCE INDUSTRIES 10.375902 3.821474 7.100000 2.798581 15,608.61 MY$1 INTL EQ ROWE PRICE F ZM6808764 280,000.0000 1,593,253.97 579,453.56 1,834,000.00 722,901.06 87,557.38 0.46 SIME DARBY BERHAD MY$0.50 5.690193 2.069477 6.550000 2.581790 55,890.12 (MALAY REG)-MSE LISTING INTERNAT-CAP GUARD
11-K101st Page of 161TOC1stPreviousNextBottomJust 101st
FRC G000600 SECURITY VALUATION REPORT PAGE: 51 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ NLG DUTCH GUILDER CURRENT EXCHANGE RATE: 0.617550794 EN4001694 1,483.0000 110,484.55 60,789.12 160,460.60 99,092.57 27,497.06 0.06 FORTIS AMEV N.V 74.500708 40.990641 108.200000 66.818996 10,806.39 INTL EQ ROWE PRICE F EN4002056 25,000.0000 1,243,112.00 770,623.83 1,650,000.00 1,018,958.81 252,235.99 0.65 AEGON NV NLG1 49.724480 30.824953 66.000000 40.758352 -3,901.01 INTERNAT-GAP GUARD EN4004227 16,049.0000 1,064,526.06 563,582.93 1,157,132.90 714,588.34 49,028.05 0.46 ABN AMRO HOLDINGS NTFL5 66.329744 35.116389 72.100000 44.525412 101,977.36 TBC ASSET MANAGEMENT EN4004227 2,660.0000 177,259.01 92,538.53 191,786.00 118,437.60 7,583.85 0.08 ABN AMRO HOLDINGS NTFL5 66.638726 34.788921 72.100000 44.525412 18,515.22 INTL EQ ROWE PRICE F EN4011909 445.0000 122,077.51 40,883.63 81,435.00 50,290.25 -13,611.13 0.03 AKZ0 NOBEL NV NTFL20-AMS 274.331483 91.873326 183.000000 113.011795 23,017.75 LISTING INTL EQ ROWE PRICE F EN4011909 2,170.0000 112,947.27 59,088.43 159,097.00 85,899.46 13,680.25 0.05 AHOLD (KON) NV NLG1.25 52.049433 27.229691 44.100000 39.585006 13,130.78 INTL EQ ROWE PRICE F EN4148818 54,378.0000 995,522.47 521,064.75 1,201,753.88 742,144.01 107,943.19 0.47 ELSEVIER NV NLGO.10-AMS 18.307449 9.582271 22.100000 13.647873 113,136.07 LISTING INTL EQ ROWE PRICE F
11-K102nd Page of 161TOC1stPreviousNextBottomJust 102nd
FRC G000600 SECURITY VALUATION REPORT PAGE: 52 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ EN4158585 4,220.0000 310,161.47 162,180.97 281,052.00 173,563.89 -15,221.11 0.11 C.S.M NV CVA(NON EXCH)NTFL1 73.497979 38.431509 66.600000 41.128883 26,604.03 INTL EQ ROWE PRICE F EN4414160 HAGN.AS 1,076.0000 75,470.64 45,796.68 88,016.80 54,354.84 7,613.19 0.03 HAGEMEYER NLG5 70.140000 42.561970 81.800000 50.515655 944.97 INTL EQ ROWE PRICE F EN4488169 11,243.0000 735,441.98 404,077.50 1,191,758.00 735,971.10 250,715.95 0.47 INTERNATIONALE NEDERLANDEN 65.413322 35.940363 106.000000 65.460384 81,177.65 GROEP NV CVA NTFL2.50 INTERNAT-CAP GUARD EN4488144 7,653.0000 669,293.53 346,533.01 811,218.00 500,968.32 73,482.73 0.32 INTERNATIONALE NEDERLANDEN 87.455054 45.280676 106.000000 65.460384 80,952.58 GROEP NV CVA NTFL2.50 TBC ASSET MANAGEMENT EN4488164 3,810.0000 166,097.63 95,774.80 403,860.00 249,404.96 137,097.94 0.16 INTERNATIONALE NEDERLANDEN 43.595178 25.137743 106.000000 65.460384 16,531.32 GROEP NV CVA NTFL2.50 INTL EQ ROWE PRICE F EN4501248 KNBT.AS 14,000.0000 732,190.00 467,654.75 597,800.00 369,171.86 -85,035.81 0.24 KONINKLINKE KNP BT NTFL2.5-AMS 52.299286 33.403911 42.700000 26.369419 -12,647.08 LISTING TBC ASSET MANAGEMENT EN4534561 2,798.0000 155,196.74 91,144.48 161,444.60 99,708.24 3,669.26 0.06 KONINKLIJKE PTT NEDERLAND 55.467026 32.574868 57.700000 35.632681 4,886.50 NLQLD INTL EQ ROWE PRICE F EN4588120 700.0000 48,272.00 24,522.22 86,100.00 53,171.12 19,216.66 0.03 NUTRICIA(VERINGDE BEDRIJVEN) N 68.960000 35.031743 123.000000 75,958748 9,432.24 NV CVA(PART-EXCH)NLG2.50 INTL EQ ROWE PRICE F EN4692237 11,000.0000 610,124.90 315,881.39 1,072,500.00 662,323.23 239,386.54 0.42
11-K103rd Page of 161TOC1stPreviousNextBottomJust 103rd
FRC G000600 SECURITY VALUATION REPORT PAGE: 53 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ POLYGRAM NTFLO.5 55.465900 28.716490 97.500000 60.211202 107,055.30 INTERNAT-CAP GUARD EN4692237 4,138.0000 336,777.16 180,355.47 403,455.00 249,153.96 35,708.22 0.16 POLYGRAM NTFLO.5 81.386457 43.585179 97.500000 60.211202 33,090.27 INTL EQ ROWE PRICE F EN4756099 4,298.0000 880,477.45 467,086.00 895,273.40 552,876.80 7,849.13 0.35 ROYAL DUTCH PETROLEUM CO NTFL5 204.857480 108.675198 208.300000 128.635830 77,941.67 (BR)-AMS LISTING INTL EQ ROWE PRICE F EN4835901 14,213.0000 672,894.71 348,720.89 673,696.20 416,041.62 415.36 0.27 STAD ROTTERDAM CVA NTFL2.5 47.343609 24.535347 47.400000 29.271908 66,905.37 TBC ASSET MANAGEMENT EN4912072 1,480.0000 333,915.99 174,041.47 316,720.00 195,598.69 -8,962.78 0.13 UNILEVER NV CVA NTFL4 225.618912 117.595588 214.000000 132.155878 30,512.00 INTL EQ ROWE PRICE F EN4977117 10,140.0000 1,257,126.14 670,672.33 1,385,124.00 855,384.43 68,286.40 0.55 WOLTERS KLUNER CVA NTFL1 123.976937 66.141255 136.600000 84.357438 116,425.70 INTL EQ ROWE PRICE F EN9070389 14,213.0000 0.00 0.00 0.00 0.00 0.00 0.00 STAD ROTTERDAM COUPON #95 0.000000 0.000000 0.000000 0.000000 0.00 TBC ASSET MANAGEMENT TOTAL: NLG 207,167.0000 10,809,369.21 5,903,013.18 12,949,683.30 7,997,087.20 1,177,778.94 5.11 916,295.08 NOK NORWEGIAN KRONE CURRENT EXCHANGE RATE: 0.157036176 SN4100897 1,240.0000 194,407.20 24,051.21 162,440.00 25,508.79 -4,283.71 0.02
11-K104th Page of 161TOC1stPreviousNextBottomJust 104th
FRC G000600 SECURITY VALUATION REPORT PAGE: 54 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ BERGESEN DY AS'A'NWKR2.5 156.780000 21.009040 131.000000 20.571608 3,741.29 INTL EQ ROWE PRICE F SN4502027 1,380.0000 515,873.25 70,998.67 289,800.00 45,508.79 -31,114.04 0.03 KVAERNER INDUSTRIER NWKR 12.50 373.821196 51.448312 210.000000 32.977387 5,624.16 SER"A" INTL EQ ROWE PRICE F SN4645800 5,718.0000 1,430,052.18 195,614.92 1,483,821.00 233,012.09 7,354.96 0.15 NORSK HYDR0 AS NWKR20 250.096569 34.210374 259.500000 40.750628 30,042.21 INTL EQ ROWE PRICE F SN4657672 13,000.0000 3,534,273.65 565,232.92 4,225,000.00 663,473.62 110,467.19 0.42 ORKLA A/S NWKR25 271.867204 43.479455 325.000000 51.036432 -12,226.49 INTERNAT-CAP GUARD SN4657672 4,030.0000 849,931.60 125,323.01 1,309.750.00 205,676.82 67,800.55 0.13 ORKLA A/S NWKR25 210.901141 31.097521 325.000000 51.036432 12,553.26 INTL EQ ROWE PRICE F SN4768040 2,060.0000 170,980.00 22,911.89 157,590.00 24,747.17 -1,794.30 0.02 SAGA PETROLEUM SER'B'NWKR15 83.000000 11.122277 76.500000 12.013191 3,629.58 INTL EQ ROWE PRICE F TOTAL: NOK 27,428,0000 6,695,517.88 1,006,132.62 7,628,401.00 1,197,927.28 148,430.65 0.77 43,364.01 NZD NEW ZEALAND DOLLAR CURRENT EXCHANGE RATE: 0.652850000 AN6010762 55,000.0000 266,071.73 178,334.57 294,259.00 192,101.11 18,886.48 0.12 AIR NEW ZEALAND LIMITED 'B'ORD 4.837668 3.242447 5.350000 3.492748 -5,119.94 NZ$1(NZ RESIDENTS) TBC ASSET MANAGEMENT AN6010762 13,000.0000 64,391.79 37,304.55 69,550.00 45,485.72 2,988.34 0.03
11-K105th Page of 161TOC1stPreviousNextBottomJust 105th
FRC G000600 SECURITY VALUATION REPORT PAGE: 55 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ AIR NEW ZEALAND LIMITED 'B'ORD 4.953215 2.869581 5.350000 3.492748 5,112.83 NZ$1(NZ RESIDENTS) INTL EQ ROWE PRICE F AN6132186 310,000.0000 371,680.70 250,549.96 359,600.00 234,764.86 -8,143.60 0.15 BRIERLEY INVEST LTD ORD NZ .50 1.198970 0.008226 1.160000 0.757306 -7,641.50 TBC ASSET MANAGEMENT AN6178403 22,000.0000 57,591.82 34,515.85 71,060.00 46,391.52 8,071.73 0.03 CARTER HOLT HARVEY LIMITED ORD 2.617810 1.568902 3.230000 2.108706 3,803.94 NZ$0.50 INTL EQ ROWE PRICE F AN6342017 14,000.0000 29,365.00 17,182.75 53,200.00 34,731.62 13,946.90 0.02 FLETCHER CHALLENGE ORD NZ$0.40 2.097500 1.227339 3.800000 2.480830 3,601.97 NZ LISTING INTL EQ ROWE PRICE F AM6342272 31,986.0000 98,618.60 57,134.10 69,089.76 45,105.25 -17,107.36 0.03 FLETCHER CHALLENGE LTD FORESTS 3.083180 1.786222 2.160000 1.410156 5,078.51 DIV SHS NZ$0.40 (NZ REG) INTL EQ ROWE PRICE F AN6355324 1,600.0000 13,509.25 7,762.47 7,200.00 4,700.52 -3,625.32 0.00 FERNZ CORP NZ$0.50 8.443281 4.851544 4.500000 2.937825 563.37 INTL EQ ROWE PRICE F AN6518954 245,000.0000 924,831.15 497,502.30 862,400.00 563,017.84 -33,584.12 0.36 LION NATHAN LIMITED NZ$0.25 3.774821 2.030622 3.520000 2.298532 99,099.66 AUC LISTING INTERNAT-CAP GUARD AN6881436 134,500.0000 738,973.63 410,654.62 862,145.00 562,851.36 68,447.49 0.36 TELECOM CORP OF NEW ZEALAND 5.494228 3.053194 6.410000 4.184769 85,749.25 (D/S)FIN ORD NZ$1 INTERNAT-CAP GUARD AN6881436 18,000.0000 93,693.37 56,411.93 115,380.00 75,325.83 13,057.32 0.05 TELECOM CORP OF NEW ZEALAND 5.205187 3,133996 6.410000 4.184769 5,856.58
11-K106th Page of 161TOC1stPreviousNextBottomJust 106th
[Enlarge/Download Table] FRC G000600 SECURITY VALUATION REPORT PAGE: 56 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ (D/S)FIN ORD NZ$1 INTL EQ ROWE PRICE F TOTAL: NZD 845,086.0000 2,658,727.04 1,547,353.10 2,763,874.76 1,804,595.63 62,937.86 1.15 194,104.67 PTE PORTUGUESE ESCUDO CURRENT EXCHANGE RATE: 0.006598047 EP4477238 2,140.0000 16,008,951.00 91,875.16 17,548,000.00 115,782.53 8,832.58 0.07 JERONINO MARTINS PTES1000 7,480.818224 42.932318 8,208.000000 54.103985 15,074.79 INTL EQ ROWE PRICE F TOTAL: PTE 2,140.0000 16,008.951.00 91,875.16 17,548,000.00 115,782.53 8,852.58 0.07 15,074.79 SEK SWEDISH KRONA CURRENT EXCHANGE RATE: 0.152586726 SS4034624 47,000.0000 4,260,246.00 592,449.89 4,277,000.00 652,613.43 2,329.89 0.42 AGA AB SWKR5 SER'B' 90.643532 12.605317 91.000000 13.885392 57,833.65 INTERNAT-CAP GUARD SS4034624 15,000.0000 1,061,002.03 135,270.64 1,365,000.00 208,280.88 38,757.70 0.13 AGA AB SWKR5 SER'B' 70.733469 9.018043 91.000000 13.885392 34,252.54 TBC ASSET MANAGEMENT SS4050976 56,000.0000 3,057,492.78 438,779.77 5,544,000.00 845,948.81 356,837.82 0.54 ATLAS COPCO AB SER'A' AWKR5 54.598085 7.835353 99.000000 15.106086 50,323.22 INTERNAT-CAP GUARD SS4050984 4,940.0000 464,007.59 58,695.08 481,650.00 73,493.40 2,231.69 0.05 ATLAS COPCO AB SER 'B'SWKRS 93.928662 11.881595 97.500000 14.872206 12,566.63 INTL EQ ROWE PRICE F SS4051206 47,000.0000 8,852,973.13 1,169,977.75 11,491,500.00 1,753,450.36 352,137.08 1.12
11-K107th Page of 161TOC1stPreviousNextBottomJust 107th
FRC G000600 SECURITY VALUATION REPORT PAGE: 57 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ ASTRA AB SER'A' FREE SWRK2.5 187.935599 24.893144 244.500000 37.307455 231,335.53 INTERNAT-CAP GUARD SS4051214 8,760.0000 1,525,414.99 191,780.61 2,111,160.00 322,134.99 73,641.95 0.21 ASTRA AB SER'B'FREE SWKR2.5 174.134131 21.892764 241.000000 36.773401 56,712.43 INTERNATIONAL-CAP GUARD SS4052964 880,000 528,114.45 67,438.11 559,680.00 85,339.74 4,030.80 0.05 ASEA AB FREE SER'A'SWKR50 600.130057 76.634216 636.00000 97.045158 13,930.83 INTL EQ ROWE PRICE F SS4052964 13,000.0000 6,182,383.11 774,960.34 8,268,000.00 1,261,587.05 261,431.61 0.81 ASEA AB FREE SER'A'SWKR50 475.567932 59.612334 636.000000 97.045158 225,195.10 INTERNAT-EQ ROWE PRICE F SS4308994 6,400.0000 2,431,070.03 334,868.30 1,801,600.00 274,900.25 -86,706.49 0.18 ELECTROLUX AB FREE SR'B'SWKR25 379.854692 52.323172 281.500000 42.953163 26,738.44 INTERNA-CAP GUARD SS4398994 3,000.000 1,105,228.19 146,569.14 844,500.00 128,859.49 -34,576.39 0.00 ELECTROLUX AD FREE SR'B'SWKR25 368.409397 48.856.388 281.500000 42.953165 16,866.65 INTL EQ ROWE PRICE F SS4317500 1,780.0000 216,346.13 27,131.91 174,440.00 26,617.23 -5,255.44 0.02 ESSELTE AB 'B' FREE 121.542770 15.242646 98.000000 14.953499 4,740.76 INTL EQ ROWE PRICE F SS4408224 1,090.0000 369,756.53 46,783.34 444,175.00 67,775.21 9,415.78 0.04 HENNES & MAURITZ SWKRS SER'B' 339.226174 42.920495 407.500000 62.179091 11,576.09 FREE INTL EQ ROWE PRICE F SS4770748 1,690.0000 71,301.10 8,895.07 118,300.00 18,051.01 5,863.28 0.01 SCRIBONA AB B FREE SWKR2 42.190000 5.263355 70.000000 10.681071 3,292.66
11-K108th Page of 161TOC1stPreviousNextBottomJust 108th
FRC G000600 SECURITY VALUATION REPORT PAGE: 58 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F SS4784889 36,800.0000 4,611,451.82 579,393.09 4,379,200.00 668,207.79 -29,180.64 0.43 SANVIK AB 'A' SWKR5 125.311191 15.744377 119.000000 18.157820 117,995.34 INTERNAT-CAP GUARD SS4784897 5,000.0000 623,238.56 81,352.82 602,500.00 91,933.50 -2,707.05 0.06 SANDVIK AB 'B' SWKR5 124.647712 14.270564 120.500000 18.386700 13,287.73 INTL EQ ROWE PRICE F SS4810528 3,600.0000 328,058.17 41,151.56 300,600.00 45,867.57 -3,444.35 0.03 STORA KOPPARBERGS BERGSL.AB 91.127269 11.430989 83.500000 12.740992 8,160.36 SER'B'SEK5 INTL EQ ROWE PRICE F SS4868633 23,300.0000 2,954,427.23 561,714.42 3,087,250.00 471,073.37 16,261.77 0.30 SWENSKA HANDELSBANKEN SWKR10 126.799452 15.524318 132.50000 28.217741 93,094.98 SER'A' INTERNAT-CAP GUARD TOTAL: SEK 275,240.0000 38,622,511.84 5,057,214.04 45,850,556.00 6,996,186.08 961,069.10 4.47 977,902.94 SGD SINGAPORE DOLLAR CURRENT EXCHANGE RATE: 0.708968451 FM6244772 25,000.0000 115,884.32 77,213.17 109,500.00 77,632.05 -4,203.44 0.05 D.B.S. LAND ORD SG$1 4.632173 3.088527 4.380000 3.105282 4,622.32 INTL EQ ROWE PRICE F FM6265512 5,000.0000 81,399.97 58,246.85 82,500.00 58,489.90 787.14 0.04 DEV BANK SINGAPORE SG$1 (F) 16.279994 11.649370 16.500000 11.697979 -544.09 (ALIEN MARKET) INTL EQ ROWE PRICE F FM6331462 52,000.0000 321,702.85 203,001.32 309,400.00 219,354.84 -8,795.92 0.14 FAR EAST LEVINGSTON SHIPBLDG 6.186593 4.423102 5.950000 4.218362 -1,850.56
11-K109th Page of 161TOC1stPreviousNextBottomJust 109th
FRC G000600 SECURITY VALUATION REPORT PAGE: 59 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ SG$.50 TBC ASSET MANAGEMENT FM6331462 10,000.0000 69,791.22 44,046.21 59,500.00 42,183.62 -6,494.93 0.03 FAR EAST LEVINGSTON SHIPBLDG 6.979122 4.404621 5.950000 4.218362 4,632.34 SG$.50 INTL EQ ROWE PRICE F FM6434910 129,314.0000 522,590.91 370,998.34 324,667.37 230,178.92 -140,510.11 0.15 HONG KONG LAND HLDG ORD US$0.1 4.041255 2.868973 2.510690 1.780000 -309.31 SIN LISTING INTL EQ ROWE PRICE F FM6480038 9,000.0000 126,994.25 85,328.39 86,850.00 61,573.91 -26,973.22 0.04 JURONG SHIPYARD ORD SG$0.50 14.110472 9.480932 9.650000 6.841546 3,218.74 INTL EQ ROWE PRICE F FM6490268 5,000.0000 54,738.07 34,426.07 58,000.00 43,120.17 2,051.51 0.03 KEPPEL CORP ORD SG 1 10.947614 6.885214 11.680000 8.224034 4,642.59 INTL EQ ROWE PRICE F FM6557751 160,000.0000 641,553.57 405,533.23 563,200.00 399,291.83 -49,528.17 0.26 MALAYSIAN INTERN SHIPPING CORP 4.009710 2.534583 3.520000 2.495569 43,285.97 MY$1(ALIEN MARKET)-SIN LISTING TBC ASSET MANAGEMENT FM6628859 28,000.0000 64,193.44 43,126.26 41,440.00 29,379.65 115,286.15 0.02 NEPTUNE ORIENT LNS SG$1 2.292623 1.540224 1.480000 1.049273 1,539.54 INTL EQ ROWE PRICE F FM6663690 90,000.0000 1,334,924.51 890,127.70 1,521,000.00 1,078,341.01 124,075.14 0.69 OVERSEA-CHINESE BKG CORP (AM) 14.832495 9.890308 16.900000 11.901567 64,138.17 SG$1 (ALIEN MARKET) INTERNAT-CAP GUARD FM6663823 7,000.0000 59,739.93 39,834.59 47,250.00 35,498.76 -8,328.29 0.02 OVERSEAS UNION ENTERPRISES SG 8.534276 5.690656 6.750000 4.785537 1,992.46 $1
11-K110th Page of 161TOC1stPreviousNextBottomJust 110th
FRC G000600 SECURITY VALUATION REPORT PAGE: 60 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F FM6664052 10,000.0000 154,687.29 107,434.65 161,100.00 114,214.82 4,453.81 0.07 OVERSEAS UNION BK SG$1 (ALIEN 8.593738 5.968592 8.950000 6.345268 2,326.36 MARKET) INTL EQ ROWE PRICE F FM6795120 70,000.0000 823,058.83 508,969.25 490,000.00 347,394.54 -205,959.40 0.22 SEMBANANG CORPORATION LTD 11.757983 7.270989 7.000000 4.962774 44,384.69 INTERNAT-CAP GUARD FM6795120 13,000.0000 169,455.22 108,002.07 91,000.00 64,516.13 -50,003.34 0.04 SEMBAWANG CORPORATION LTD 13.035017 8.307852 7.000000 4.962779 6,517.40 INTL EQ ROWE PRICE F FM6808774 22,000.0000 72,065.00 45,553.10 79,640.00 56,462.25 4,788.24 0.04 SINE DARBY BERHAD MY$0.50 3.275682 2.070595 3.620000 2.56646 6,120.91 (MALAY REG)-SIN LISTING TBC ASSET MANAGEMENT FM6811299 18,000.0000 154,477.13 103,780.41 152,100.00 187,834.10 -1,597.00 0.07 SINGAPORE LAND SG$1 8.582063 5.765578 8.450000 5.998783 5,650.69 INTL EQ ROWE PRICE F FM6811745 SPRME.$1 5,000.00000 105,206.39 71,604.35 111,500.00 79,049.98 4,283.48 0.05 SINGAPORE PRESS HD SG$1(ALIEN 21.041278 14.320870 22.300000 15.809996 3,162.15 MARKET) INTL EQ ROWE PRICE F FM6811984 6,000.0000 83,132.31 55,285.12 79,200.00 56,150.30 -2,615.09 0.04 SINGAPORE AIRLINES SG$1(ALIEN 13.855385 9.214187 13.200000 9.358384 3,480.27 MARKET) INTL EQ ROWE PRICE F FM6916536 49,000.0000 69,780.87 46,879.99 59,780.00 42,382.13 -6,718.76 0.03 UNITED INDUSTRIAL CORP SG$1 1.424099 0.956734 1.220000 0.864942 2,220.90 INTL EQ ROWE PRICE F
11-K111th Page of 161TOC1stPreviousNextBottomJust 111th
[Enlarge/Download Table] FRC G000600 SECURITY VALUATION REPORT PAGE: 61 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FM6916775 17,320.0000 189,115.32 123,597.78 219,964.00 155,947.54 20,161.39 0.10 UNITED OVERSEAS BANK(F)SG$1 10.918898 7.136130 12.700000 9.003899 12,188.37 (ALIEN MARKET) INTL EQ ROWE PRICE F FM6917294 6,439.0000 34,624.29 21,769.44 35,736.45 25,336.02 699.25 0.02 UNITED OVERSEAS BANK WTS 5.377278 3.380873 5.550000 3.934775 2,867.33 17-JUN-97 (TO PURCHASE ORD) INTL EQ ROWE PRICE F TOTAL: SGD 745,073.0000 5,249,035.69 3,471,758.29 4,683,327.82 3,320,331.67 -365,713.86 2.12 214,287.24 THB THAILAND BAHT CURRENT EXCHANGE RATE: 0.039745628 FB6008130 4,000.0000 1,307,340.10 51,815.91 1,600,000.00 63,593.00 11,599.46 0.04 ADVANCED INFO SERVICE PUBLIC 326.835045 12.953978 400.000000 16.898251 177.63 CO THBH10(A.MKT) INTL EQ ROWE PRICE F FB6075949 7,100.0000 638,546.34 25,309.32 945,600.00 38,378.38 12,963.05 0.02 BANK OF AYUDHYA THBH10 89.936104 3.564693 135.000000 5.405405 106.01 (ALIEN MARKET) INTL EQ ROWE PRICE F FB6077010 7,700.0000 1,725,456.05 68,309.26 2,063,400.00 82,819.08 13,386.82 0.05 BANGKOK BANK PUBLIC CO THBH10 224.085201 8.871332 268.000000 10.651828 323.00 (ALIEN MARKET) INTL EQ ROWE PRICE F FB6503353 1,450.0000 784,450.00 31,005.93 536,500.00 21,323.53 -9,800.40 0.01 LAND & HOUSE THBH10(A.MKT) 541.000000 21.583400 370.000000 14.705862 118.00 INTL EQ ROWE PRICE F FB6806798 840.0000 918,624.00 36,309.24 1,016,400.00 40,397.46 3,864.66 0.03 SIAM CEMENT CO THBH10 1,093.600000 43.225286 1,210.000000 48.092210 223.56 (ALIEN MARKET) INTL EQ ROWE PRICE F
11-K112th Page of 161TOC1stPreviousNextBottomJust 112th
FRC G000600 SECURITY VALUATION REPORT PAGE: 62 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FB6888796 5,408.0000 799.991.99 31,751.40 1,209,600.00 48,076.31 16,246.96 0.03 THAI FARMERS BK PUBLIC CO 148.146665 5.876185 224.000000 8.903021 97.95 THBH10(A.MKT) INTL EQ ROWE PRICE F FB6889935 5,300.000000 1,012,671.00 40,026.52 1,568,000.00 62,352.94 21,981.38 0.04 SIAM COMM BK PUBLIC (FOREIGN) 191.070000 7.552174 296.000000 11.764708 345.04 LTD ORD THBH10 (ALIEN MARKET) INTL EQ ROWE PRICE F TOTAL: THB 31,790.0000 7,187,079.56 284,507.58 8,960,500.00 356,140.70 70,241.93 0.23 1,391.19 USD U.S. DOLLAR CURRENT EXCHANGE RATE: 1.0000000000 EK0334618 6,380.0000 0.00 0.00 3,764.20 3,764.20 3,764.20 0.00 FIVE ARROWS CHILE INVESTMENT 0.000000 0.000000 0.590000 0.590080 0.00 TR WTS TD SUB FOR PTG SHS INTL EQ ROWE PRICE F EX034173B 20,860.0000 52,671.50 52,671.50 58,199.40 58,199.40 5,527.90 0.04 FIVE ARROWS CHILE INVESTMENT 2.525000 2.525000 2.790000 2.790000 0.00 TRUST LTD INTL EQ ROWE PRICE F EX0367824 2,290.0000 67,329.93 67,329.93 87,020.00 87,020.00 19,690.07 0.06 GENESIS CHILE FUND PTG US$0.01 29.401716 29.401716 38.000000 38.000000 0.00 INTL EQ ROWE PRICE F FK4773099 1,600.0000 80,793.20 80,793.20 95,200.00 95,200.00 14,406.80 0.06 SAMSUNG ELECTRONICS CO GLBL 50.495750 50.495750 59.500000 59.500000 0.00 (REPR 1/2 NON VTG SHS) (RG) INTL EQ ROWE PRICE F FK4791208 102.0000 3,183.85 3,183.85 6,069.00 6,069.00 2,885.15 0.00 SAMSUNG ELECTRONICS CO GLBL 31.214216 31.214216 59.500000 59.500000 0.00 DEP REC(REPR 1/2 VTG SHS)(RG) INTL EQ ROWE PRICE F
11-K113th Page of 161TOC1stPreviousNextBottomJust 113th
FRC G000600 SECURITY VALUATION REPORT PAGE: 63 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ FK4795878 20.0000 671.82 671.82 1,190.00 1,190.00 518.18 0.00 SAMSUNG ELECTRONIC GDR(REPR 33.591000 33.591000 59.500000 59.500000 0.00 1/2 VTG SHS FROM SUB) INTL EQ ROWE PRICE F FK4848594 989.0000 45,505.78 45,505.78 58,845.50 58,845.50 13,339.72 0.04 SAMSUNG ELECTRONICS CO GDS-REP 46.011911 46.011911 59.500000 59.500000 0.00 1/2 NON VTG SH(RFD-14-MAR-95) INTL EQ ROWE PRICE F FK4887345 62.0000 3,339.92 3,339.92 3,339.92 3,339.92 0.00 0.00 SAMSUNG ELECT CO GDR EACH REPR 53.869677 53.869677 53.869600 53.869600 0.00 1/2 VTG SHS (RFD-30-AUG-95) INTL EQ ROWE PRICE F FM6899310 3,000.0000 18,937.50 18,937.50 18,600.00 18,600.00 -337.50 0.01 TOTAL ACCESS COMMUNICATIONS 6.312500 6.312500 6.200000 6.200000 0.00 THB10(CLOB) INTL EQ ROWE PRICE F LB2906801 7,155.0000 95,018.40 95,018.40 64,037.25 64,037.25 -30,981.15 0.04 USINAS SID MINAS GERAIS 13.280000 13.280000 8.950000 8.950000 0.00 USININAS ADS-EACH REP10000 SHS INTL EQ ROWE PRICE F P74823108 PB.H 1,740.0000 71,653.52 71,653.52 56,115.00 56,115.00 -15,538.52 0.04 PANAMERICAN BEVERAGE INC SHS A 41.180184 41.180184 32.250000 32.250000 0.00 INTL EQ ROWE PRE F 00709P108 PVD.N 367.0000 9,800.74 9,800.74 8,486.88 8,486.88 -1,313.86 0.01 AFP PROVIDA SA ADR 26.705014 26.705014 23.125000 23.125000 0.00 INTL EQ ROWE PRICE F 013904305 ALA.N 27,352.0000 668,685.15 668,685.15 458,146.00 458,146.00 -210,539.15 0.29 ALCATEL ALSTHON SPONSORED ADR 24.447395 24.447395 16.750000 16.750000 0.00 TBC ASSET MANAGEMENT
11-K114th Page of 161TOC1stPreviousNextBottomJust 114th
FRC G000600 SECURITY VALUATION REPORT PAGE: 64 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ 059538207 BGALY.0 1,831.3600 42,511.30 42,511.30 35,940.44 35,940.44 -6,570.86 0.02 BANCO DE GALICIA BUENOS AIRES 23.212967 23.212967 19.625000 19.625000 0.00 SPONSORED ADR NEW SHS CL B INTL EQ ROWE PRICE F 059591107 BFR.N 871.0000 21,965.05 21,965.05 22,754.88 22,754.88 789.03 0.01 BANCO FRANCES DEL RIO DE LA 25.218197 25.218197 26.125000 26.125000 0.00 PLATA S A SPONSORED ARD INTL EQ ROWE PRICE F 097751200 109,000.0000 622,952.03 622,952.03 1,394,143.79 1,394,143.79 771,191.76 0.89 BOMBARDIER INC CL B 5.715156 5.715156 12.790310 12.790310 0.00 INTERNAT-CAP GUARD 110419306 BAB.N 1,000.0000 60,283.20 60,283.20 70,375.00 70,375.00 10,091.80 0.04 BRITISH AIRWAYS PLC ADR 60.283200 60.283200 70.375000 70.375000 0.00 2ND INSTALLMENT TBC ASSET MANAGEMENT 110889409 BP.N 6,900.0000 598,647.96 598,647.96 659,812.50 659,812.50 61,164.54 0.42 BRITISH PETE PLC ADR 86.760574 86.760574 95,625000 95.625000 0.00 INTERNAT-CAP GUARD 110889409 BP.N 2,000.000 176,120.00 176,120.00 191,250.00 191,250.00 15,130.00 0.12 BRITISH PETE PLC ADR 88.060000 88.060000 95.625000 95.625000 0.00 TBC ASSET MANAGEMENT 110901402 BRG.N 15,000.0000 689,995.83 689,995.83 558,750.00 558,750.00 -131,245.83 0.36 BRITISH GAS PLC ADR FINAL 45.999722 45.999722 37.250000 37.250000 0.00 INSTALLMENT TBC ASSET MANAGEMENT 119424208 BAE.N 470.0000 16,215.00 16,215.00 11,926.25 11,926.25 -4,288.75 0.01 BUENOS AIRES EMBOTELLA SA 34.500000 34.500000 25.375000 25.375000 0.00 SPONSORED ADR REPSTG CL B SH INTL EQ ROWE PRICE F 15234Q108 20,000.0000 283,650.01 283,650.01 275,000.00 275,000.00 -8,659.01 0.18
11-K115th Page of 161TOC1stPreviousNextBottomJust 115th
FRC G000600 SECURITY VALUATION REPORT PAGE: 65 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ CENTRAIS ELECTRICAS BRAS ADR 14.182501 14.182501 13.750000 13.750000 0.00 INTERNAT-CAP GUARD 15234Q207 3,727.0000 39,092.82 39,092.82 50,314.50 50,314.50 11,221.68 0.03 CENTRAIS ELETRICAS BRASILEIRAS 10.489085 10.489085 13.500000 13.500000 0.00 SA SPONSORED ADR REPSTG 50 SHS INTL EQ ROWE PRICE F 168834109 CH.N 2,628.0000 60,838.48 60,838.48 63,729.00 63,729.00 2,890.52 0.04 CHILE FD INC 23.150107 23.150107 24.250000 24.250000 0.00 INTL EQ ROWE PRICE F 168884104 815.0000 27,302.50 27,302.50 34,458.20 34,458.20 7,155.70 0.02 CHILECTRA S A SPONSORED ADR 33.500000 33.500000 42.280000 42.280000 0.00 INTL EQ ROWE PRICE F 168894105 CHR.N 1,270.0000 34,653.67 34,653.67 29,845.00 29,845.00 -4,808.67 0.02 CHILGENER S A SPONSORED ADR 27.286354 27.286354 23.500000 23.500000 0.00 INTL EQ ROWE PRICE F 171785207 94,410.0000 264,958.65 264,958.65 106,211.25 106,211.25 -158,747.48 0.07 CIFRA S A DE C V ADR 2.806468 2.806468 1.125000 1.125000 0.00 INTL EQ ROWE PRICE F 204409601 20440960 1,935.0000 64,737.88 64,737.88 42,570.00 42,570.00 -22,167.88 0.03 COMPANHIA ENERGETIVA DE MINAS 33.456269 33.456269 22.000000 22.000000 0.00 GERAS SPON ADR INTL EQ ROWE PRICE F 204429104 COUUY.O 821.0000 19,088.25 19,088.25 17,959.38 17,959.38 -1,128.87 0.01 COMPANIA CERUECERIAS UNIDAS S 23.250000 23.250000 21.875000 21.875000 0.00 SA SPONSORED ADR INTL EQ ROWE PRICE F 204449201 CTC.N 473.0000 43,365.41 43,365.41 34,115.13 34,115.13 -9,250.28 0.02 COMPANIA DE TELECOMUCICACIONES 91.681628 91,681628 72.125000 72.125000 0.00
11-K116th Page of 161TOC1stPreviousNextBottomJust 116th
FRC G000600 SECURITY VALUATION REPORT PAGE: 66 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ DE CHILE S A SPONSORED ADR INTL EQ ROWE PRICE F 219913100 AGR.N 22,000.0000 457,361.67 457,361.67 429,000.00 429,000.00 -28,361.67 0.27 CORPORACION BANCARIA DE ESPANA 20.789167 20.789167 19.500000 19.500000 0.00 S A SPONSORED ADR TBC ASSET MANAGEMENT 286269105 ELF.N 16,130.0000 563,124.18 563,124.18 564,550.00 564,550.00 1,425.82 0.36 ELF AQUITAINE SPONSORED ADR 34.911604 34.911604 35.000000 35.000000 0.00 TBC ASSET MANAGEMENT 29244T101 EOC. N 1,693.0000 42,409.65 42,409.65 33,860.00 33,860.00 -8,549.65 0.02 EMPRESA NACIONAL ELECTRICIDAD 25.050000 25.050000 20.000000 20.000000 0.00 CHILE SPONSORED ADR INTL EQ ROWE PRICE F 29274F104 ENI.N 796.0000 19,809.78 19,809.78 20,397.50 20,397.50 587.72 0.01 ENERSIS S.A.-ADR 24.886658 24.886658 25.625000 25.625000 0.00 INTL EQ ROWE PRICE F 29356M100 EPP.M 721.0000 17,304.00 17,304.00 18,115.13 18,115.13 811.13 0.01 ENRON GLOBAL PWR & PIPELINE 24.000000 24.000000 25.125000 25.125000 0.00 INTL EQ ROWE PRICE F 294821400 ERICY.O 29,000.0000 145,627.16 145,627.16 688,750.00 688,750.00 543,122.84 0.44 ERICSSON L M TEL CO ADR CL B 5.021626 5.021626 23.750000 23.750000 0.00 SEK 10 INTERNAT-CAP GUARD 40049J206 TV.N 15,000.0000 392,827.98 392,827.98 324,375.00 324,375.00 -68,452.98 0.21 GRUPO TELEVISA SA DE CV SPONS- 26.188532 26.188532 21.625000 21.625000 0.00 DRED ADR REPSTG DRO PARTN CTF INTERNAT-CAP GUARD 40049J206 TV.N 2,775.0000 163,541.26 163,541.26 60,009.38 60,009.38 -103,531.88 0.04 GRUPO TELEVISA SA DE CV SPONS- 58.933787 58.933787 21.625000 21.625000 0.00 ORED ADR REPSTG ORD PARTN CTF
11-K117th Page of 161TOC1stPreviousNextBottomJust 117th
FRC G000600 SECURITY VALUATION REPORT PAGE: 67 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ INTL EQ ROWE PRICE F 411352305 HAN.N 32,500.0000 631,623.31 631,623.31 495,625.00 495,625.00 -135,998.31 0.32 HANSON PLC ADR 19.434563 19.434563 15.250000 15.250000 0.00 TBC ASSET MANAGEMENT 443304100 HNP.N 8,100.0000 144,301.16 144,301.16 128,587.50 128,587.50 -15,713.66 0.08 HUANENG PWR INTL INC SPONSORED 17.814958 17.814958 15.875000 15.875000 0.00 ADR SER N SNS INTL EQ ROWE PRICE F 453258402 N.N 31,000.0000 876,617.01 876,617.01 1,104,375.00 1,104,375.00 227,757.99 0.71 INCO LTD 28.277968 28.277968 35.625000 35.625000 0.00 INTERNAT-CAP GUARD 45717M107 IMI.N 20,000.0000 401,280.00 401,200.00 342,500.00 342,500.00 -58,700.00 0.22 ISTITUTO MOBILIARE ITALIANO 20.060000 20.060000 17.125000 17.125000 0.00 SPA SPONSORED ADR TBC ASSET MANAGEMENT 55262MAA2 232,000.0000 232,000.00 232,000.00 258,680.00 258,680.00 26,600.00 0.17 MBL INTL FIN BER 100.000000 100.000000 111.500000 111.500000 0.00 3.000% 11/30/2002 DD 10/11/95 INTERNAT-CAP GUARD 656531605 NHY.N 11,333.0000 324,517.38 324,517.38 460,403.13 460,403.13 135,885.75 0.29 NORSK HYDRO A S SPONSORED ADR 28.634729 28.634729 40.625000 40.625000 0.00 INTERNAT-CAP GUARD 665815106 NT.N 5,600.0000 220,907.18 220,907.18 226,100.00 226,100.00 5,192.82 0.14 NORTHERN TELECOM LTD 39.447711 39.447711 40.375000 40.375000 0.00 INTERNAT-CAP GUARD 715680104 IIT.N 11,000.0000 363,660.00 363,660.00 376,750.00 376,750.00 13,090.00 PERUSAHAAN PERSEROAN PERSERD 33.060000 33.060000 34.250000 34.250000 0.24 INDONESIAN SATELTE SPON ADR INTERNAT-CAP GUARD
11-K118th Page of 161TOC1stPreviousNextBottomJust 118th
FRC G000600 SECURITY VALUATION REPORT PAGE: 68 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ 715684106 TLK.N 4,000.0000 75,279.40 75,279.40 84,000.00 84,000.00 8,720.60 0.05 PT TELEKOMUNIKASI INDONESIA AD 18,819850 18.819850 21.000000 21.000000 0.00 INTL EQ ROWE PRICE F 718252604 PHC.G 12,100.0000 728,477.92 728,477.92 677,600.00 677,600.00 -50,877.92 0.43 PHILIPPINE LONG DISTANCE TEL 60.204787 60.204787 56.000000 56.000000 0.00 CO SPONSORED ADR INTERNAT-CAP GUARD 718337504 PHG.N 10,000.000 312,364.71 312,364.71 391,250.00 391,250.00 78,885.24 0.25 PHILIPS ELECTRONICS N.V 31.236471 31.236471 39.125000 39.125000 0.00 TBC ASSET MANAGEMENT 737273102 PT.N 18,000.0000 347,580.00 347,580.00 337,500.00 337,500.00 -10,000.00 0.22 PORTUGAL TELECOM S A ADR 19.310000 19.310000 18.750000 18.750000 0.00 TBC ASSET MANAGEMENT 76026T205 REP.N 19,000.0000 589,441.66 589,441.66 680,875.00 680,875.00 11,433.34 0.38 REPSOL SA SPONSORED ADR 31.023245 31.023245 31.625000 31.625000 0.00 TBC ASSET MANAGEMENT 780641205 KPN.N 8,000.0000 283,280.00 283,280.00 283,000.00 283,000.00 -280.00 0.18 ROYAL PTT NEDERLAND NV 35.410000 35.410000 35.375000 35.375000 0.00 SPONSORED ADR TBC ASSET MANAGEMENT 833630106 SCPg.L 530.0000 21,070.35 21,070.35 12,322.50 12,322.50 -8,747.85 0.01 SOCIEDAD COMERCIAL DEL PLATA 39.755377 39.755377 23.250000 23.250000 0.00 S A SPONSORED ADR 144A INTL EQ ROWE PRICE F 879242105 TLD.N 7,500.0000 202,772.23 202,772.23 209,062.50 209,062.50 6,290.27 0.15 TELE DANMARK A/S SPONSORED ADR 27.036297 27.036297 27.875000 27.875000 0.00 REPSTG CL B SHS INTERNAT-CAP GUARD
11-K119th Page of 161TOC1stPreviousNextBottomJust 119th
FRC G000600 SECURITY VALUATION REPORT PAGE: 69 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ 879242105 TLD.N 20,000.0000 504,935.00 504,935.00 557,500.00 557,500.00 52,565.00 0.36 TELE DANMARK A/S SPONSORED ADR 25.246750 25.246750 27.875000 27.875000 REPSTG CL B SHS TBC ASSET MANAGEMENT 879273209 TED.N 12,000.0000 500,064.46 500,064.46 525,000.00 525,000.00 24,935.54 0.34 TELECOM ARGENTINA STET-FRANCE 41.672038 41.672038 43.750000 43.750000 0.00 TELECOM S A SPONSORED ADR INTERNAT-CAP GUARD 879273289 TED. N 500.0000 26,985.00 26,985.00 21,875.00 21,875.00 -5,110.00 0.01 TELECOM ARGENTINA STET-FRANCE 53.970000 53.970000 48.750000 48.750000 0.00 TELECOM S A SPONSORED ADR INTL EQ ROWE PRICE F 879287108 HONT-TEL 20,000.0000 942,619.11 942,619.11 960,000.00 960,000.00 17,380.89 0.61 TELECOMUNICACOES BRASILEIRAS 47.130956 47.130956 48.000000 48.000000 0.00 S A SPONSORED ADR INTERNAT-CAP GUARD 879287100 MONT-TEL 5,410.0000 235,788.18 235,788.18 259,680.00 259,680.00 23,901.82 0.17 TELECOMUNICACOES BRASILEIRAS 45.581919 45.581919 48.000000 48.000000 0.00 S A SPONSORED ADR INTL EQ ROWE PRICE F 879287209 797.0000 44,820.89 44,820.89 38,256.00 38,256.00 -6,564.89 0.02 TELECOMMUNICATIONS BRASILEIRES 56.237001 56.237001 48.000000 48.000000 0.00 SA SPONSORED ADR 144A INTERNAT-CAP GUARD 879287289 151.0000 8,491.79 8,491.79 7,248.00 7,248.00 -1,243.79 0.00 TELECOMMUNICATIONS BRASILEIRES 56.237020 56.237020 48.000000 48.000000 0.00 SA SPONSORED ADR 144A INTL EQ ROWE PRICE F 879578206 TAR.N 3,330.0000 121,915.15 121,915.15 81,585.00 81,585.00 -40,350.15 0.05 TELEFONICA DE ARGENTINA S A 36.611156 36.611156 24.500000 24.500000 0.00 SPONSORED ADR REPSTG 10 CL B INTL EQ ROWE PRICE F 879403780 TMX.N 20,000.0000 999,733.89 999,733.89 686,400.00 686,400.00 -313,333.89 0.44
11-K120th Page of 161TOC1stPreviousNextBottomJust 120th
FRC G000600 SECURITY VALUATION REPORT PAGE: 70 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ TELEFONOS DE MEXICO S A 48.064129 48.064129 33.000000 33.000000 0.00 SPONSORED ADR REPSTG SH ORD L INTERNAT-CAP GUARD 879403780 TMX.N 9,000.0000 576,287.45 576,287.45 297,000.00 297,000.00 -279,287.45 0.19 TELEFONOS DE MEXICO S A 64.031939 64.031939 33.000000 33.000000 0.00 SPONSORED ADR REPSTG SH ORD L TBC ASSET MANAGEMENT 879403780 TMX.N 5,815.0000 379,864.29 379,864.29 191,895.00 191,895.00 -187,969.29 0.12 TELEFONOS DE MEXICO S A 65.324899 65.324899 33.000000 33.000000 0.00 SPONSORED ADR REPSTG SH ORD L INTL EQ ROWE PRICE F 893870204 TGS.N 1,307.0000 17,644.50 17,644.50 14,213.63 14,213.63 -3,430.87 0.01 TRANSPORTADORA DE GAS DEL SUR 13.500000 13.500000 10.875000 10.875000 0.00 SPON ADR REPSTG 5 CL B SH REGS INTL EQ ROWE PRICE F 904784501 UN.N 4,000.0000 458,177.34 458,177.34 531,500.00 531,500.00 73,322.66 0.34 UNILEVER N V ADR 114.544335 114.544335 132.875000 132.875000 0.00 TBC ASSET MANAGEMENT 912827N32 3,000,000.0000 2,981,718.75 2,981,718.75 2,997,330.00 2,997,330.00 15,611.25 1.92 U S TREASURY NOTES 99.390620 99.390620 99.911000 99.911000 0.00 04.250% 12/31/1995 DD 12/31/93 FRANK RUSSELL INT'L 928856400 VOLVY.O 12,000.0000 226,346.09 226,346.09 252,000.00 252,000.00 25,653.91 0.16 VOLVO AKTIE BOLGET 18.862174 18.862174 21.000000 21.000000 0.00 TBC ASSET MANAGEMENT 984245100 YPF.N 22,000.0000 492,272.00 492,272.00 429,000.00 429,000.00 -63,272.00 0.27 YPF SOCIEDAD ANONIMA SPONSORED 22.376000 22.376000 19.500000 19.500000 0.00 ADR REPSTG CL D SHS TBC ASSET MANAGEMENT 984245100 YPF.N 3,470.0000 89,384.14 89,384.14 67,665.00 67,665.00 -21,719.14 0.04 YPF SOCIEDAD ANONIMA SPONSORED 25.759118 25.759118 19.500000 19.500000 0.00
11-K121st Page of 161TOC1stPreviousNextBottomJust 121st
FRC G000600 SECURITY VALUATION REPORT PAGE: 71 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ ADR REPSTG CL D SHS INTL EQ ROWE PRICE F 990000TE1 2,381,938.0000 2,381,938.00 2,381,938.00 2,381,938.00 2,381.938.00 0.00 1.52 TBC INC ISG POOLED EMPL FDS 1.000000 1.000000 1.000000 1.000000 0.00 12/31/19999 INTERNAT-CAP GUARD 990000TE1 9,141.0000 9,141.00 9,141.00 9,141.00 9,141.00 0.00 0.01 TBC INC 1SG POOLED EMPL FDS 1.000000 1.000000 1.000000 1.000000 0.00 12/31/1999 INTERNATION MERCATOR 990000TE1 7,824,152.0000 7,824,152.00 7,824,152.00 7,824.152.00 7,824,152.00 0.00 5.00 TBC INC ISG POOLED EMPL FDS 1.000000 1.000000 1.000000 1.000000 0.00 12/31/1999 FRANK RUSSELL INT'L 990000TE1 16,321.0000 16,321.00 16,321.00 16,321.00 16,321.00 0.00 0.01 TBC INC ISG POOLED EMPL FDS 1.000000 1.000000 1.000000 1.000000 0.00 12/31/1999 TBC ASSET MANAGEMENT 990000TE1 761,537.0000 761,537.00 761,537.00 761,537.00 761,537.00 0.00 0.49 TBC INC ISG POOLED EMPL FDS 1.000000 1.000000 1.000000 1.000000 0.00 12/31/1999 INTL EQ ROWE PRICE F TOTAL: USD 14,987,515.3600 31,341,194.37 31,341,194.37 31,557,092.74 31,557,092.74 215,898.37 20.17 0.00 TOTAL PORTFOLIO: 48,549,640.8600 142,946,052.19 156,454,616.74 8,314,282.62 100.00 5,194,281.93 -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- UNRL INVEST APPRECIATION 16,434,821.74 UNRL INVEST DEPRECIATION -8,120,539.12
11-K122nd Page of 161TOC1stPreviousNextBottomJust 122nd
FRC G000600 SECURITY VALUATION REPORT PAGE: 72 UAL PILOTS DIRECTED ACCOUNT BY CURRENCY, SECURITY ID HMFR01BMG INTERNATIONAL EQUITY FUND MARKET VALUATION OF RUN DATE: 02/17/1996 11/30/1995 BASE CURRENCY: USD |---------------COST-------------| |---------------------MARKET----------------------| BASE UNRL SECURITY ID TICKER INVEST G/L SECURITY DESCRIPTION LOCAL TOTAL/ BASE TOTAL/ LOCAL VALUE/ BASE VALUE/ UNRL % OF PORTFOLIO SHARES-PAR LOCAL UNIT BASE UNIT LOCAL PRICE BASE PRICE CURR G/L MKT -------------------- ------------- --------------- ----------- -------------- ------------ ----------- ------ UNRL CURR APPRECIATION 7,708,815.15 UNRL CURR DEPRECIATION -2,514,533.22
11-K123rd Page of 161TOC1stPreviousNextBottomJust 123rd
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 1 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HHFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD Item 127a: Schedule of Assets Held for Investment Purposes SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- --------------------------- --------------- ---------- ------------- ----------- ------ INVESTMENTS CASH & CASH EQUIVALENTS 12,142,037.0000 TBC INC ISG POOLED EMPL FDS 12,142,037.00 1.000000 12,142,037.00 .00 5.28 12/31/1999 440,000.0000 U S TREASURY BILLS 434,238.69 98.690610 434,238.69 .00 .19 12/21/1995 DD 06/22/95 TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 12,576,275.69 12,576,275.69 .00 5.46 INVESTMENTS PREFERRED SECURITIES 55.0000 TELEDYNE INC PFD SER E 768.51 13.250000 728.75 -39.76 .00 TOTAL INVESTMENTS PREFERRED SECURITIES 768.51 728.75 -39.76 .00 INVESTMENTS COMMON STOCK 38,700.0000 ABBOTT LABS 984,052.51 40.625000 1,572,187.50 588,134.99 .68 5,000.0000 ADVANCED MICRO DEVICES INC 100,040.41 20.500000 102,500.00 2,459.59 .04 5,500.0000 AETNA LIFE & CAS CO 278,250.72 73.375000 403,562.50 125,311.78 .18 5,700.0000 AHMANSON H F & CO 108,855.37 26.750000 152,475.00 43,619.63 .07 5,400.0000 AIR PRODS & CHEMS INC 203,610.73 55.500000 299,700.00 96,089.27 .13 23,900.0000 AIRTOUCH COMMUNICATIONS INC 459,018.65 29.125000 696,087.50 237,068.85 .30 1,300.0000 ALBERTO CULVER CO CL B CONV 28,678.92 32.250000 41,925.00 13,246.08 .02 12,300.0000 ALBERTSONS INC 242,181.57 30.750000 378,225.00 136,043.43 .16 10,850.0000 ALCAN ALUM LTD 237,601.34 33.125000 359,406.25 121,804.91 .16 5,378.0000 ALCO STD CORP 119,993.39 43.500000 233,943.00 113,949.61 .10 2,100.0000 ALEXANDER & ALEXANDER SVCS INC 51,289.17 21.875000 45,937.50 -5,351.67 .02 3,100.0000 ALLERGAN INC 79,354.67 31.000000 96,100.00 16,745.33 .04
11-K124th Page of 161TOC1stPreviousNextBottomJust 124th
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 2 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HHFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- --------------------------- ------------ --------- ------------- ----------- ------ 13,800.0000 ALLIEDSIGNAL INC 385,607.97 47.250000 652,050.00 266,442.03 .28 21,764.0000 ALLSTATE CORP 539,466.49 41.000000 892,324.00 352,857.51 .39 9,100.0000 ALLTEL CORP 274,311.21 29.500000 268,450.00 -5,861.21 .12 8,600.0000 ALUMINUM CO AMER 299,756.65 58.500000 503,100.00 203,343.35 .22 4,000.0000 ALZA CORP COM 122,922.92 23.000000 92,000.00 -30,922.92 .04 5,700.0000 AMDAHL CORP 72,754.96 9.500000 54,150.00 -18,604.96 .02 4,500.0000 AMERADA HESS CORP 192,605.70 47.500000 213,750.00 21,144.30 .09 9,100.0000 AMERICAN BRANDS INC 329,343.39 41.750000 379,925.00 50,581.61 .17 9,000.0000 AMERICAN ELEC PWR INC 285,557.80 37.625000 338,625.00 53,067.20 .15 23,600.0000 AMERICAN EXPRESS CO 587,249.16 42.500000 1,003,000.00 415,750.84 .44 9,900.0000 AMERICAN GEN CORP 247,330.45 33.875000 335,362.50 88,032.05 .15 3,600.0000 AMERICAN GREETINGS CORP CL A 80,330.49 27.250000 98,100.00 17,769.51 .04 14,900.0000 AMERICAN HOME PRODS CORP 913,638.90 91.250000 1,359,625.00 445,986.10 .59 22,968.0000 AMERICAN INTL GROUP INC 1,014,090.85 89.750000 2,061,378.00 1,047,287.15 .90 7,200.0000 AMERICAN STORES CO NEW 140,998.10 26.250000 189,000.00 48,001.90 .08 26,800.0000 AMERITECH CORP NEW 894,586.36 55.000000 1,474,000.00 579,413.64 .64 12,800.0000 AMGEN INC 428,067.93 49.625000 635,200.00 207,132.07 .28 24,100.0000 AMOCO CORP 1,194,107.76 67.750000 1,632,775.00 438,667.24 .71 10,536.0000 AMP INC 300,750.41 40.125000 422,757.00 122,006.59 .18 3,700.0000 AMR CORP DEL 234,723.61 76.625000 283,512.50 48,788.89 .12 1,900.0000 ANDREW CORP 36,848.94 43.250000 82,175.00 45,326.06 .04 12,400.0000 ANHEUSER BUSCH COS INC 582,389.17 66.250000 821,500.00 239,110.83 .36
11-K125th Page of 161TOC1stPreviousNextBottomJust 125th
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 3 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HHFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- --------------------------- ------------ --------- ------------- ----------- ------ 5,900.0000 APPLE COMPUTER INC 250,780.35 38.125000 224,937.50 -25,842.85 .10 8,200.0000 APPLIED MATLS INC 249,537.51 48.625000 398,725.00 149,187.49 .17 26,294.0000 ARCHER DANIELS MIDLAND CO 326,661.46 17.250000 453,571.50 126,910.04 .20 5,100.0000 ARMCO INC 36,614.59 5.750000 29,325.00 -7,289.59 .01 1,800.0000 ARMSTRONG WORLD INDS INC 67,206.71 59.875000 107,775.00 40,568.29 .05 2,000.0000 ASARCO INC 50,140.60 35.375000 70,750.00 20,609.40 .03 3,000.0000 ASHLAND INC 97,368.91 34.875000 104,625.00 7,256.09 .05 76,617.0000 AT & T CORP 3,383,752.05 66.000000 5,056,722.00 1,672,969.95 2.20 7,800.0000 ATLANTIC RICHFIELD CO 787,640.46 108.375000 845,325.00 57,684.54 .37 2,300.0000 AUTODESK INC 59,052.76 35.250000 81,075.00 22,022.24 .04 7,000.0000 AUTOMATIC DATA PROCESSING INC 298,287.27 79.625000 557,375.00 259,087.73 .24 2,600.0000 AVERY DENNISON CORP 71,594.49 47.625000 123,825.00 52,230.51 .05 3,300.0000 AVON PRODS INC 157,768.67 72.625000 239,662.50 81,893.83 .10 6,800.0000 BAKER HUGHES INC 138,403.08 20.375000 138,550.00 146.92 .06 1,500.0000 BALL CORP 45,217.12 28.625000 42,937.50 -2,279.62 .02 2,300.0000 BALLY ENTMT CORP 19,868.07 12.125000 27,887.50 8,019.43 .01 7,150.0000 BALTIMORE GAS & ELEC CO 160,768.24 26.625000 190,368.75 29,600.51 .08 19,088.0000 BANC ONE CORP 596,023.28 38.125000 727,730.00 131,706.72 .32 9,300.0000 BANK NEW YORK INC 315,706.61 47.125000 438,262.50 122,555.89 .19 5,400.0000 BANK OF BOSTON CORP COM 140,242.51 46.375000 250,425.00 110,182.49 .11 18,144.0000 BANKAMERICA CORP 754,828.57 63.625000 1,154,412.00 399,583.43 .50 3,800.0000 BANKERS TR N Y CORP 207,667.98 64.875000 246,525.00 38,857.02 .11
11-K126th Page of 161TOC1stPreviousNextBottomJust 126th
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 4 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HHFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- --------------------------- ------------ --------- ------------- ----------- ------ 2,500.0000 BARD C R INC 60,856.81 28.875000 72,187.50 11,330.69 .03 4,700.0000 BARNETT BKS INC 186,820.16 60.125000 282,587.50 95,767.34 .12 17,100.0000 BARRICK GOLD CORP 490,601.07 26.375000 451,012.50 -39,588.57 .20 2,800.0000 BAUSCH & LOMB INC 103,860.25 36.125000 101,150.00 -2,710.25 .04 13,500.0000 BAXTER INTL INC 375,226.80 42.000000 567,000.00 191,773.20 .25 3,200.0000 BECTON DICKINSON & CO 117,269.90 69.750000 223,200.00 105,930.10 .10 21,100.0000 BELL ATLANTIC CORP 989,524.49 63.000000 1,329,300.00 339,775.51 .58 48,000.0000 BELLSOUTH CORP 1,226,201.69 38.875000 1,866,000.00 639,798.31 .81 2,500.0000 BEMIS INC 50,678.99 26.125000 65,312.50 14,633.51 .03 2,600.0000 BENEFICIAL CORP 83,114.70 50.750000 131,950.00 48,835.30 .06 5,300.0000 BETHLEHEM STL CORP 82,961.63 14.000000 74,200.00 -8,761.63 .03 4,800.0000 BEVERLY ENTERPRISES INC 52,860.98 11.625000 55,800.00 2,939.02 .02 5,600.0000 BIOMET INC 72,433.70 18.500000 103,600.00 31,166.30 .05 4,100.0000 BLACK & DECKER CORP 86,021.30 37.375000 153,237.50 67,216.20 .07 5,100.0000 BLOCK H & R INC 149,076.42 44.500000 226,950.00 77,873.58 .10 6,100.0000 BOATMENS BANCSHARES INC 165,598.80 38.750000 236,375.00 70,776.20 .10 16,550.0000 BOEING CO 664,916.21 72.875000 1,206,081.25 541,165.04 .52 2,300.0000 BOISE CASCADE CORP 73,718.03 37.250000 85,675.00 11,956.97 .04 7,800.0000 BOSTON SCIENTIFIC CORP 183,702.37 40.500000 315,900.00 132,197.63 .14 1,400.0000 BRIGGS & STRATTON CORP 28,740.11 41.625000 58,275.00 29,534.89 .03 24,600.0000 BRISTOL MYERS SQUIBB 1,412,520.94 80.250000 1,974,150.00 561,629.06 .86 3,300.0000 BROWN FORMAN CORP CL B 81,224.76 38.125000 125,812.50 44,587.74 .05
11-K127th Page of 161TOC1stPreviousNextBottomJust 127th
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 5 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HHFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- --------------------------- ------------ --------- ------------- ----------- ------ 900.0000 BROWN GROUP INC 24,610.64 14.000000 12,600.00 -12,010.64 .01 10,300.0000 BROWNING FERRIS INDS INC 290,700.46 30.125000 310,287.50 19,587.04 .13 107.0000 BRUNOS INC NEW 1,110.13 10.625000 1,136.88 26.75 .00 4,600.0000 BRUNSWICK CORP 71,706.02 21.375000 98,325.00 26,618.98 .04 6,925.0000 BURLINGTON NORTH SANTA FE CORP 273,378.00 80.625000 558,328.13 284,950.13 .24 6,100.0000 BURLINGTON RES INC 271,237.95 38.500000 234,850.00 -36,387.95 .10 3,500.0000 CABLETRON SYS INC 187,812.79 83.000000 290,500.00 102,687.21 .13 12,100.0000 CAMPBELL SOUP CO 401,299.67 55.875000 676,087.50 274,787.83 .29 7,500.0000 CAPITAL CITIES ABC INC 388,228.74 123.625000 927,187.50 538,958.76 .40 7,600.0000 CAROLINA PWR & LT CO 199,142.39 32.875000 249,850.00 50,707.61 .11 9,700.0000 CATERPILLAR INC 317,274.90 61.375000 595,337.50 278,062.60 .26 1,400.0000 CENTEX CORP 28,490.47 32.875000 46,025.00 17,534.53 .02 9,300.0000 CENTRAL & SOUTH WEST CORP 221,897.16 26.875000 249,937.50 28,040.34 .11 2,200.0000 CERIDIAN CORP 45,499.87 42.000000 92,400.00 46,900.13 .04 4,500.0000 CHAMPION INTL CORP 150,540.35 47.125000 212,062.50 61,522.15 .09 5,000.0000 CHARMING SHOPPES INC 55,821.20 2.312500 11,562.50 -44,258.70 .01 8,600.0000 CHASE MANHATTAN CORP 273,559.47 60.875000 523,525.00 249,965.53 .23 12,218.0000 CHEMICAL BKG CORP 452,282.00 60.000000 733,080.00 280,798.00 .32 31,600.0000 CHEVRON CORP 1,192,747.00 49.375000 1,560,250.00 367,503.00 .68 18,500.0000 CHRYSLER CORP 603,555.29 51.875000 959,687.50 356,132.21 .42 4,200.0000 CHUBB CORP 276,285.71 97.250000 408,450.00 132,164.29 .18 3,500.0000 CIGNA CORP 208,099.06 110.000000 385,000.00 176,900.94 .17
11-K128th Page of 161TOC1stPreviousNextBottomJust 128th
FRC F220900 INVESTMENT DETAIL PAGE: 6 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 1,600.0000 CINCINNATI MILACRON INC 32,524.23 26.125000 41,800.00 9,275.77 .02 7,562.0000 CINERGY CORP 163,517.40 29.500000 223,079.00 59,561.60 .10 4,700.0000 CIRCUIT CITY STORES INC 90,702.63 29.000000 136,300.00 45,597.37 .06 13,000.0000 CISCO SYS INC 468,744.43 84.125000 1,093,625.00 624,880.57 .48 19,300.0000 CITICORP 572,668.18 70.750000 1,365,475.00 792,806.82 .59 2,600.0000 CLOROX CO 114,972.17 75.750000 196,950.00 81,977.83 .09 5,050.0000 COASTAL CORP 130,533.38 33.250000 167,912.50 37,379.12 .07 61,100.0000 COCA COLA CO 2,360,928.92 75.750000 4,628,325.00 2,267,396.08 2.01 7,000.0000 COLGATE PALMOLIVE CO 327,966.86 73.250000 512,750.00 184,783.14 .22 2,400.0000 COLUMBIA GAS SYS INC 69,788.10 43.250000 103,800.00 34,011.90 .05 21,492.0000 COLUMBIA/HCA HEALTHCARE CORP 761,634.33 51.625000 1,109,524.50 347,890.17 .48 11,625.0000 COMCAST CORP CL A SPL 250,854.57 19.750000 229,593.75 -21,260.82 .10 2,100.0000 COMMUNITY PSYCHIATRIC CTRS 32,988.46 11.125000 23,362.50 -9,625.96 .01 12,700.0000 COMPAQ COMPUTER CORP 242,190.78 49.500000 628,650.00 386,459.22 .27 11,625.0000 COMPUTER ASSOC INTL INC 190,564.69 65.500000 761,437.50 570,872.81 .33 2,700.0000 COMPUTER SCIENCES CORP 76,876.38 72.750000 196,425.00 119,548.62 .09 11,900.0000 CONAGRA INC 303,251.13 39.875000 474,512.50 171,261.37 .21 3,800.0000 CONRAIL INC 147,204.27 69.875000 265,525.00 118,320.73 .12 11,400.0000 CONSOLIDATED EDISON CO NY INC 312,199.50 28.875000 329,175.00 16,975.50 .14 2,100.0000 CONSOLIDATED FREIGHTWAYS INC 43,586.61 26.250000 55,125.00 11,538.39 .02 4,500.0000 CONSOLIDATED NAT GAS CO 183,228.27 44.375000 199,687.50 16,459.23 .09 5,200.0000 COOPER INDS INC 210,883.95 36.500000 189,800.00 -21,083.95 .08
11-K129th Page of 161TOC1stPreviousNextBottomJust 129th
FRC F220900 INVESTMENT DETAIL PAGE: 7 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 4,100.0000 COOPER TIRE & RUBR CO 87,539.88 24.625000 100,962.50 13,422.62 .04 1,900.0000 COORS ADOLPH CO CL B 36,524.87 20.250000 38,475.00 1,950.13 .02 7,000.0000 CORESTATES FINL CORP 176,822.75 38.750000 271,250.00 94,427.25 .12 11,100.0000 CORNING INC 323,642.54 30.125000 334,387.50 10,744.96 .15 7,100.0000 CPC INTL INC 289,803.63 68.750000 488,125.00 198,321.37 .21 1,450.0000 CRANE CO 31,568.78 34.125000 49,481.25 17,912.47 .02 1,200.0000 CRAY RESH INC 57,521.32 24.000000 28,800.00 -28,721.32 .01 4,400.0000 CROWN CORK & SEAL INC 132,156.60 41.875000 184,250.00 52,093.40 .08 5,108.0000 CSX CORP 298,573.65 87.625000 447,588.50 149,014.85 .19 8,400.0000 CUC INTL INC 225,771.78 38.000000 319,200.00 93,428.22 .14 2,000.0000 CUMMINS ENGINE INC 65,844.54 39.250000 78,500.00 12,655.46 .03 4,450.0000 CYPRUS AMAX MINERALS CO 118,312.69 27.500000 122,375.00 4,062.31 .05 4,900.0000 DANA CORP 105,802.00 29.250000 143,325.00 37,523.00 .06 7,700.0000 DARDEN RESTAURANTS INC 73,286.84 11.625000 89,512.50 16,225.66 .04 1,800.0000 DATA GEN CORP 23,836.73 12.125000 21,825.00 -2,011.73 .01 3,500.0000 DAYTON HUDSON CORP 232,381.93 72.625000 254,187.50 21,805.57 .11 8,201.0000 DEAN WITTER DISCOVER & CO 122,127.45 51.000000 418,251.00 296,123.55 .18 12,600.0000 DEERE & CO 225,705.79 32.875000 414,225.00 188,519.21 .18 2,500.0000 DELTA AIR LINES INC DEL 141,821.05 77.625000 194,062.50 52,241.45 .08 4,000.0000 DELUXE CORP 145,891.83 27.625000 110,500.00 -35,391.83 .05 7,000.0000 DETROIT EDISON CO 189,312.65 32.625000 228,375.00 39,062.35 .10 4,500.0000 DIAL CORP ARIZ 82,984.21 27.000000 121,500.00 38,515.79 .05
11-K130th Page of 161TOC1stPreviousNextBottomJust 130th
FRC F220900 INVESTMENT DETAIL PAGE: 8 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 7,100.0000 DIGITAL EQUIP CORP 394,708.57 58.875000 418,012.50 23,303.93 .18 5,500.0000 DILLARD DEPT STORES INC CL A 163,996.07 28.875000 158,812.50 -5,183.57 .07 25,200.0000 DISNEY WALT CO 960,144.31 60.125000 1,515,150.00 555,005.69 .66 8,350.0000 DOMINION RES INC VA 295,484.44 39.625000 330,868.75 35,384.31 .14 7,400.0000 DONNELLEY R R & SONS CO 192,947.18 38.375000 283,975.00 91,027.82 .12 5,400.0000 DOVER CORP 114,240.41 38.875000 209,925.00 95,684.59 .09 13,050.0000 DOW CHEM CO 779,563.21 70.875000 924,918.75 145,355.54 .40 4,700.0000 DOW JONES & CO INC 157,655.09 38.375000 180,362.50 22,707.41 .08 8,800.0000 DRESSER INDS INC 164,275.08 23.625000 207,900.00 43,624.92 .09 5,500.0000 DSC COMMUNICATIONS CORP 89,905.24 39.625000 217,937.50 128,032.26 .09 26,800.0000 DU PONT E I DE NEMOURS & CO 1,345,089.21 66.500000 1,782,200.00 437,110.79 .77 9,900.0000 DUKE PWR CO 317,323.86 44.875000 444,262.50 126,938.64 .19 8,200.0000 DUN & BRADSTREET CORP 443,665.54 62.375000 511,475.00 67,809.46 .22 1,000.0000 EASTERN ENTERPRISES 25,508.14 32.500000 32,500.00 6,991.86 .01 4,025.0000 EASTMAN CHEM CO 42,593.49 65.625000 264,140.63 221,547.14 .11 16,500.0000 EASTMAN KODAK CO 766,347.69 68.000000 1,122,000.00 355,652.31 .49 3,800.0000 EATON CORP 151,575.20 54.500000 207,100.00 55,524.80 .09 2,900.0000 ECHLIN INC 63,117.29 36.500000 105,850.00 42,732.71 .05 5,500.0000 ECHO BAY MINES LTD 55,373.88 10.375000 57,062.50 1,688.62 .02 3,100.0000 ECOLAB INC 54,294.45 28.750000 89,125.00 34,830.55 .04 2,600.0000 EG & G INC 51,050.48 19.250000 50,050.00 -1,000.48 .02 10,900.0000 EMERSON ELEC CO 553,053.96 78.000000 850,200.00 297,146.04 .37
11-K131st Page of 161TOC1stPreviousNextBottomJust 131st
FRC F220900 INVESTMENT DETAIL PAGE: 9 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- --------------------------- -------------- ------------ -------------- ------------- ------- 6,950.0000 ENGELHARD CORP 89,484.30 23.375000 162,456.25 72,971.95 .07 12,200.0000 ENRON CORP 271,824.47 37.500000 457,500.00 185,675.53 .20 3,300.0000 ENSERCH CORP 54,901.50 15.500000 51,150.00 -3,751.50 .02 11,000.0000 ENTERGY CORP NEW 290,860.08 27.875000 306,625.00 15,764.92 .13 60,200.0000 EXXON CORP 3,519,459.49 77.375000 4,657,975.00 1,138,515.51 2.02 2,700.0000 FEDERAL EXPRESS CORP 141,891.65 74.750000 201,825.00 59,933.35 .09 8,800.0000 FEDERAL HOME LN MTG CORP 425,856.15 77.000000 677,600.00 251,743.85 .29 COMMON 13,200.0000 FEDERAL NATL MTG ASSN 768,557.75 109.50000 1,445,400.00 676,842.25 .63 2,200.0000 FEDERAL PAPER BRD INC 62,330.73 52.000000 114,400.00 52,069.27 .05 9,800.0000 FEDERATED DEPT STORES INC DEL 282,946.58 29.125000 285,425.00 2,478.42 .12 6,600.0000 FIRST BK SYS INC 342,705.00 51.625000 340,725.00 -1,980.00 .15 4,400.0000 FIRST CHICAGO CORP 169,360.16 69.500000 305,800.00 136,439.84 .13 10,700.0000 FIRST DATA CORP 637,649.82 71.000000 759,700.00 122,050.18 .33 3,900.0000 FIRST FID BANCORPORATION NEW 160,140.06 73.375000 286,162.50 126,022.44 .12 3,700.0000 FIRST INTST BANCORP 199,735.06 134.000000 495,800.00 296,064.94 .22 8,300.0000 FIRST UN CORP 314,786.12 54.625000 453,387.50 138,601.38 .20 6,800.0000 FLEET FINL GROUP INC NEW 204,683.03 41.750000 283,900.00 79,216.97 .12 2,200.0000 FLEETWOOD ENTERPRISES INC 35,447.00 24.000000 52,800.00 17,353.00 .02 1,800.0000 FLEMING COS INC 56,252.26 23.125000 41,625.00 -14,627.26 .02 4,000.0000 FLUOR CORP 145,179.92 65.000000 260,000.00 114,820.08 .11 1,800.0000 FMC CORP NEW 87,257.50 73.875000 132,975.00 45,717.50 .06
11-K132nd Page of 161TOC1stPreviousNextBottomJust 132nd
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 10 PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF ON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------ ---------------------------- ------------- --------- ------------- ---------- ------ 52,000.0000 FORD MTR CO DEL 1,170,898.96 28.250000 1,469,000.00 298,101.04 .64 1,700.0000 FOSTER WHEELER CORP 42,494.93 39.500000 67,150.00 24,655.07 .03 9,000.0000 FPL GROUP INC 311,101.50 43.375000 390,375.00 79,273.50 .17 10,000.0000 FREEPORT MCMORAN COPPER B 271,265.14 27.125000 271,250.00 -15.14 .12 3,700.0000 FRUIT OF THE LOOM INC CL A 98,127.07 19.375000 71,687.50 -26,439.57 .03 6,800.0000 GANNETT INC 312,378.72 61.000000 414,800.00 102,421.28 .18 7,000.0000 GAP INC 177,200.27 45.250000 316,750.00 139,549.73 .14 3,100.0000 GENERAL DYNAMICS CORP 110,278.12 59.625000 184,837.50 74,559.38 .08 82,100.0000 GENERAL ELEC CO 3,310,346.61 67.250000 5,521,225.00 2,210,878.39 2.40 7,700.0000 GENERAL MLS INC 332,573.38 55.125000 424,462.50 91,889.12 .18 36,200.0000 GENERAL MTRS CORP 1,480,604.55 48.500000 1,755,700.00 275,095.45 .76 5,600.0000 GENERAL PUB UTILS CORP 167,331.88 31.625000 177,100.00 9,768.12 .08 4,000.0000 GENERAL RE CORP 367,693.62 149.625000 598,500.00 230,806.38 .26 2,318.0000 GENERAL SIGNAL CORP 67,269.51 32.250000 74,755.50 7,485.99 .03 5,950.0000 GENUINE PARTS CO 181,878.26 40.375000 240,231.25 58,352.99 .10 4,400.0000 GEORGIA PAC CORP 260,246.03 77.750000 342,100.00 81,853.97 .15 2,900.0000 GIANT FOOD INC CL A 63,090.00 32.250000 93,525.00 30,435.00 .04 1,700.0000 GIDDINGS & LEWIS INC WIS 36,031.67 15.750000 26,775.00 -9,256.67 .01 21,488.0000 GILLETTE CO 515,657.63 51.875000 1,114,690.00 599,032.37 .48 2,800.0000 GOLDEN WEST FINL CORP DEL 95,840.70 51.125000 143,150.00 47,309.30 .06 1,300.0000 GOODRICH B F CO 62,520.64 70.125000 91,162.50 28,641.86 .04 7,300.0000 GOODYEAR TIRE & RUBR CO 223,335.40 42.375000 309,337.50 86,002.10 .13
11-K133rd Page of 161TOC1stPreviousNextBottomJust 133rd
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 11 PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF ON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------ ---------------------------- ------------- --------- ------------- ---------- ------ 4,600.0000 GRACE W R & CO 174,631.42 60.750000 279,450.00 104,818.58 .12 2,500.0000 GRAINGER W W INC 111,761.61 66.875000 167,187.50 55,425.89 .07 1,900.0000 GREAT ATLANTIC & PAC TEA INC 58,827.39 21.875000 41,562.50 -17,264.89 .02 3,200.0000 GREAT LAKES CHEM CORP 192,057.50 71.125000 227,600.00 35,542.50 .10 6,500.0000 GREAT WESTN FINL CORP 116,144.07 25.500000 165,750.00 49,605.93 .07 47,000.0000 GTE CORP 1,467,985.77 42.625000 2,003,375.00 535,389.23 .87 5,500.0000 HALLIBURTON CO 179,407.06 43.375000 238,562.50 59,155.44 .10 1,650.0000 HANDLEMAN CO DEL 18,963.08 6.2500000 10,312.50 -8,650.58 .00 3,500.0000 HARCOURT GEN INC 91,746.16 40.2500000 140,875.00 49,128.84 .06 1,500.0000 HARLAND JOHN H CO 35,090.62 20.6250000 30,937.50 -4,153.12 .01 2,222.0000 HARNISCHFEGER INDS INC 55,929.90 33.8750000 75,270.25 19,340.35 .03 4,950.0000 HARRAHS ENTERTAINMENT INC 60,393.27 24.8750000 123,131.25 62,737.98 .05 1,900.0000 HARRIS CORP DEL 64,489.80 57.6250000 109,487.50 44,997.70 .05 4,200.0000 HASBRO INC 101,192.85 30.5000000 128,100.00 26,907.15 .06 17,700.0000 HEINZ H J CO 407,750.82 31.8750000 564,187.50 156,436.68 .25 1,200.0000 HELMERICH & PAYNE INC 30,006.80 27.2500000 32,700.00 2,693.20 .01 5,700.0000 HERCULES INC 132,452.34 54.8750000 312,787.50 180,335.16 .14 3,800.0000 HERSHEY FOODS CORP 156,457.92 61.7500000 234,650.00 78,192.08 .10 24,700.0000 HEWLETT PACKARD CO 910,388.80 82.8750000 2,047,012.50 1,136,623.70 .89 2,300.0000 HILTON HOTELS CORP 110,544.71 64.6250000 148,637.50 38,092.79 .06 23,106.0000 HOME DEPOT INC 722,660.47 44.3750000 1,025,328.75 302,668.28 .45 6,700.0000 HOMESTAKE MNG CO 104,439.38 16.5000000 110,550.00 6,110.62 .05
11-K134th Page of 161TOC1stPreviousNextBottomJust 134th
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 12 PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF ON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------ ---------------------------- ------------- --------- ------------- ---------- ------ 6,200.0000 HONEYWELL INC 181,486.86 47.625000 295,275.00 113,788.14 .13 4,700.0000 HOUSEHOLD INTL INC 142,367.95 62.500000 293,750.00 151,382.05 .13 6,400.0000 HOUSTON INDS INC 257,080.60 45.750000 292,800.00 35,719.40 .13 5,500.0000 ILLINOIS TOOL WKS INC 171,481.70 63.375000 348,562.50 177,080.80 .15 5,700.0000 INCO LTD 146,262.01 35.625000 203,062.50 56,800.49 .09 5,100.0000 INGERSOLL RAND CO 142,671.91 38.375000 195,712.50 53,040.59 .09 2,400.0000 INLAND STL INDS INC 65,815.24 26.125000 62,700.00 -3,115.24 .03 40,100.0000 INTEL CORP 870,241.14 60.875000 2,441,087.50 1,570,846.36 1.06 336.0000 INTERCO INC NEW WT SER 1 EXP 300.00 .000000 0.00 -300.00 .00 8/3/1999 144.0000 INTERCO INC NEW WT SER 2 EXP 128.57 2.000000 288.00 159.43 .00 8/3/1999 2,200.0000 INTERGRAPH CORP 39,562.59 17.187500 37,812.50 -1,750.09 .02 12,200.0000 INTERNATIONAL PAPER CO 434,822.01 38.125000 465,125.00 30,302.99 .20 3,800.0000 INTERPUBLIC GROUP COS INC 128,895.16 38.375000 145,825.00 16,929.84 .06 27,500.0000 INTL BUSINESS MACHS CORP 2,476,957.12 96.625000 2,657,187.50 180,230.38 1.15 5,400.0000 INTL FLAVORS & FRAGRANCES INC 170,606.41 51.125000 276,075.00 105,468.59 .12 5,600.0000 ITT CORP 431,703.27 122.625000 686,700.00 254,996.73 .30 4,000.0000 JAMES RIV CORP VA 100,635.72 31.500000 126,000.00 25,364.28 .05 2,350.0000 JEFFERSON PILOT CORP 91,000.60 71.125000 167,143.75 76,143.15 .07 31,300.0000 JOHNSON & JOHNSON 1,514,359.99 86.625000 2,711,362.50 1,197,002.51 1.18 2,000.0000 JOHNSON CTLS INC 82,168.88 69.250000 138,500.00 56,331.12 .06 1,900.0000 JOSTENS INC 45,695.72 24.750000 47,025.00 1,329.28 .02
11-K135th Page of 161TOC1stPreviousNextBottomJust 135th
[Enlarge/Download Table] F220900 INVESTMENT DETAIL PAGE: 13 PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF ON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ------------ ---------------------------- ------------- --------- ------------- ---------- ------ 22,101.0000 K MART CORP 429,339.92 7.750000 171,282.75 -258,057.17 .07 1,573.0000 KAUFMAN & BROAD HOME CORP 21,989.66 13.000000 20,449.00 -1,540.66 .01 10,700.0000 KELLOGG CO 542,187.37 76.375000 817,212.50 275,025.13 .36 2,500.0000 KERR MCGEE CORP 106,465.87 57.875000 144,687.50 38,221.63 .06 11,000.0000 KEYCORP NEW 338,961.26 36.875000 405,625.00 66,663.74 .18 7,800.0000 KIMBERLY CLARK CORP 362,079.06 76.875000 599,625.00 237,545.94 .26 1,800.0000 KING WORLD PRODTNS INC 51,790.42 39.625000 71,325.00 19,534.58 .03 2,400.0000 KNIGHT RIDDER INC 129,607.61 64.500000 154,800.00 25,192.39 .07 5,900.0000 KROGER CO 132,604.04 33.500000 197,650.00 65,045.96 .09 14,200.0000 LAIDLAW INC CL B NON VTG 125,212.89 9.250000 131,350.00 6,137.11 .06 13,500.0000 LILLY ELI & CO 821,366.90 99.500000 1,343,250.00 521,883.10 .58 17,300.0000 LIMITED INC 351,495.43 17.875000 309,237.50 -42,257.93 .13 5,000.0000 LINCOLN NATL CORP IND 168,232.96 46.750000 233,750.00 65,517.04 .10 3,600.0000 LIZ CLAIBORNE INC 112,146.34 29.375000 105,750.00 -6,396.34 .05 9,690.0000 LOCKHEED MARTIN CORP 355,397.88 73.375000 711,003.75 355,605.87 .31 2,900.0000 LOEWS CORP 337,241.35 153.500000 445,150.00 107,908.65 .19 1,000.0000 LONGS DRUG STORES CORP 33,249.83 39.750000 39,750.00 6,500.17 .02 8,200.0000 LORAL CORP 103,670.10 33.875000 277,775.00 174,104.90 .12 1,600.0000 LOUISIANA LD & EXPL CO 57,982.00 39.000000 62,400.00 4,418.00 .03 5,200.0000 LOUISIANA PAC CORP 108,266.28 27.000000 140,400.00 32,133.72 .06 7,700.0000 LOWES COS INC 123,169.15 31.500000 242,550.00 119,380.85 .11 1,100.0000 LUBYS CAFETERIAS INC 19,767.71 22.000000 24,200.00 4,432.29 .01
11-K136th Page of 161TOC1stPreviousNextBottomJust 136th
[Enlarge/Download Table] FPCF220900 INVESTMENT DETAIL PAGE: 14 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE MARKET VALUE GAIN/LOSS MARKET ----------- ------------------------------ ------------ --------- ------------ ------------ ------ 3,700.0000 MALLINCKRODT GROUP INC 101,398.93 34.125000 126,262.50 24,863.57 .05 3,050.0000 MANOR CARE INC 60,609.35 32.625000 99,506.25 38,896.90 .04 5,900.0000 MARRIOTT INTL INC 132,930.67 37.250000 219,775.00 86,844.33 .10 3,500.0000 MARSH & MCLENNAN COS INC 266,466.78 86.750000 303,625.00 37,158.22 .13 7,600.0000 MASCO CORP 207,975.09 29.500000 224,200.00 16,224.91 .10 10,671.0000 MATTEL INC 168,429.47 28.000000 298,788.00 130,358.53 .13 12,024.0000 MAY DEPT STORES CO 355,257.64 43.625000 524,547.00 169,289.36 .23 5,200.0000 MAYTAG CORP 88,057.52 20.375000 105,950.00 17,892.48 .05 7,200.0000 MBNA CORP 128,375.87 40.375000 290,700.00 162,324.13 .13 2,600.0000 MCDERMOTT INTL INC 60,102.90 18.125000 47,125.00 -12,977.90 .02 33,600.0000 MCDONALDS CORP 767,655.75 44.625000 1,499,400.00 731,744.25 .65 5,500.0000 MCDONNELL DOUGLAS CORP 151,333.76 89.125000 490,187.50 338,853.74 .21 2,400.0000 MCGRAW HILL COS INC 150,677.19 83.750000 201,000.00 50,322.81 .09 32,900.0000 MCI COMMUNICATIONS CORP 576,239.06 26.750000 880,075.00 303,835.94 .38 2,700.0000 MEAD CORP 109,770.28 57.125000 154,237.50 44,467.22 .07 11,200.0000 MEDTRONIC INC 205,269.13 54.875000 614,600.00 409,330.87 .27 7,100.0000 MELLON BK CORP 238,469.42 53.500000 379,850.00 141,380.58 .17 5,100.0000 MELVILLE CORP 212,477.07 31.125000 158,737.50 -53,739.57 .07 1,800.0000 MERCANTILE STORES INC 68,728.82 46.500000 83,700.00 14,971.18 .04 59,900.0000 MERCK & CO INC 2,484,644.56 61.875000 3,706,312.50 1,221,667.94 1.61 1,300.0000 MEREDITH CORP 20,158.26 39.375000 51,187.50 31,029.24 .02 8,500.0000 MERRILL LYNCH & CO INC 245,110.67 55.625000 472,812.50 227,701.83 .21
11-K137th Page of 161TOC1stPreviousNextBottomJust 137th
[Enlarge/Download Table] FPCF220900 INVESTMENT DETAIL PAGE: 15 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE MARKET VALUE GAIN/LOSS MARKET ----------- ------------------------------ ------------ --------- ------------ ------------ ------ 9,900.0000 MICRON TECHNOLOGY INC 237,255.11 54.750000 542,025.00 304,769.89 .24 28,200.0000 MICROSOFT CORP 1,683,735.81 87.125000 2,456,925.00 773,189.19 1.07 2,200.0000 MILLIPORE CORP 42,569.19 37.250000 81,950.00 39,380.81 .04 20,300.0000 MINNESOTA MNG & MFG CO 1,000,266.59 65.500000 1,329,650.00 329,383.41 .58 19,200.0000 MOBIL CORP 1,325,671.24 104.375000 2,004,000.00 678,328.76 .87 5,500.0000 MONSANTO CO 307,682.77 114.500000 629,750.00 322,067.23 .27 4,800.0000 MOORE LTD 95,741.19 17.875000 85,800.00 -9,941.19 .04 9,100.0000 MORGAN J P & CO INC 505,939.26 78.500000 714,350.00 208,410.74 .31 3,700.0000 MORGAN STANLEY GROUP INC 366,485.00 86.250000 319,125.00 -47,360.00 .14 1,600.0000 MORRISON KNUDSEN CORP 32,920.11 6.000000 9,600.00 -23,320.11 .00 7,200.0000 MORTON INTL INC IND 142,527.67 34.625000 249,300.00 106,772.33 .11 28,500.0000 MOTOROLA INC 886,820.40 61.250000 1,745,625.00 858,804.60 .76 400.0000 NACCO INDS INC CL A 18,321.78 57.000000 22,800.00 4,478.22 .01 3,300.0000 NALCO CHEM CO 104,735.52 30.625000 101,062.50 -3,673.02 .04 7,100.0000 NATIONAL CITY CORP 198,749.73 32.375000 229,862.50 31,112.77 .10 6,000.0000 NATIONAL SEMICONDUCTOR CORP 86,035.26 21.375000 128,250.00 42,214.74 .06 2,300.0000 NATIONAL SVC INDS INC 56,272.77 32.500000 74,750.00 18,477.23 .03 13,171.0000 NATIONSBANK CORP 578,053.19 71.375000 940,080.13 362,026.94 .41 3,600.0000 NAVISTAR INTL CORP NEW 93,483.61 10.875000 39,150.00 -54,333.61 .02 7,750.0000 NBD BANCORP 215,187.27 38.375000 297,406.25 82,218.98 .13 4,700.0000 NEW YORK TIMES CO CL A 129,426.47 29.500000 138,650.00 9,223.53 .06 7,658.0000 NEWELL CO 139,782.03 26.375000 201,979.75 62,197.72 .09
11-K138th Page of 161TOC1stPreviousNextBottomJust 138th
[Enlarge/Download Table] FPCF220900 INVESTMENT DETAIL PAGE: 16 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE MARKET VALUE GAIN/LOSS MARKET ----------- ------------------------------ ------------ --------- ------------ ------------ ------ 4,143.0000 NEWMONT MNG CORP 138,852.61 43.125000 178,666.88 39,814.27 .08 7,000.0000 NIAGARA MOHAWK PWR CORP 116,477.98 9.875000 69,125.00 -47,352.98 .03 2,500.0000 NICOR INC 56,951.71 25.375000 63,437.50 6,485.79 .03 7,000.0000 NIKE INC CL B 192,329.55 58.000000 406,000.00 213,670.45 .18 6,000.0000 NORAM ENERGY CORP 76,978.29 7.875000 47,250.00 -29,728.29 .02 4,000.0000 NORDSTROM INC 129,065.73 39.250000 157,000.00 27,934.27 .07 6,400.0000 NORFOLK SOUTHN CORP 331,339.14 78.750000 504,000.00 172,660.86 .22 3,300.0000 NORTHERN STS PWR CO MINN 130,255.28 47.000000 155,100.00 24,844.72 .07 12,300.0000 NORTHERN TELECOM LTD 392,910.06 40.375000 496,612.50 103,702.44 .22 2,400.0000 NORTHROP GRUMMAN CORP 87,215.77 61.500000 147,600.00 60,384.23 .06 15,700.0000 NORWEST CORP 304,738.39 33.000000 518,100.00 213,361.61 .23 17,700.0000 NOVELL INC 418,971.91 16.875000 298,687.50 -120,284.41 .13 4,200.0000 NUCOR CORP 122,506.75 49.875000 209,475.00 86,968.25 .09 20,600.0000 NYNEX CORP 802,310.58 49.625000 1,022,275.00 219,964.42 .44 15,400.0000 OCCIDENTAL PETE CORP 346,524.01 22.125000 340,725.00 -5,799.01 .15 2,400.0000 OGDEN CORP 54,913.67 21.250000 51,000.00 -3,913.67 .02 7,400.0000 OHIO EDISON CO 156,406.45 22.750000 168,350.00 11,943.55 .07 1,300.0000 ONEOK INC 20,628.66 23.500000 30,550.00 9,921.34 .01 20,900.0000 ORACLE CORP 272,663.25 45.375000 948,337.50 675,674.25 .41 5,000.0000 ORYX ENERGY CO 108,434.29 13.125000 65,625.00 -42,809.29 .03 1,000.0000 OUTBOARD MARINE CORP 19,822.85 20.500000 20,500.00 677.15 .01 2,500.0000 OWENS CORNING FIBERGLAS CORP NEW 77,123.54 44.375000 110,937.50 33,813.96 .05
11-K139th Page of 161TOC1stPreviousNextBottomJust 139th
[Enlarge/Download Table] FPCF220900 INVESTMENT DETAIL PAGE: 17 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE MARKET VALUE GAIN/LOSS MARKET ----------- ------------------------------ ------------ --------- ------------ ------------ ------ 7,700.0000 P P & L RESOURCES INC COM 197,109.22 24.875000 191,537.50 -5,571.72 .08 1,855.0000 PACCAR INC 75,197.97 43.750000 81,156.25 5,958.28 .04 4,000.0000 PACIFIC ENTERPRISES 117,513.04 26.750000 107,000.00 -10,513.04 .05 20,800.0000 PACIFIC GAS & ELEC CO 573,065.54 27.500000 572,000.00 -1,065.54 .25 20,800.0000 PACIFIC TELESIS GROUP 514,336.11 30.000000 624,000.00 109,663.89 .27 13,800.0000 PACIFICORP 276,015.61 19.625000 270,825.00 -5,190.61 .12 5,633.0000 PALL CORP 92,056.58 27.125000 152,795.13 60,738.55 .07 7,200.0000 PANHANDLE EASTN CORP 147,606.98 28.375000 204,300.00 56,693.02 .09 3,550.0000 PARKER HANNIFIN CORP 85,839.48 36.750000 130,462.50 44,623.02 .06 10,700.0000 PECO ENERGY CO COM 263,219.17 29.000000 310,300.00 47,080.83 .13 11,300.0000 PENNEY J C INC 377,628.63 46.875000 529,687.50 152,058.87 .23 2,200.0000 PENNZOIL CO 133,114.97 39.625000 87,175.00 -45,939.97 .04 1,700.0000 PEOPLES ENERGY CORP 42,578.29 30.500000 51,850.00 9,271.71 .02 3,000.0000 PEP BOYS MANNY MOE & JACK 64,313.70 26.500000 79,500.00 15,186.30 .03 38,200.0000 PEPSICO INC 1,171,772.89 55.250000 2,110,550.00 938,777.11 .92 2,000.0000 PERKIN ELMER CORP 62,807.27 36.000000 72,000.00 9,192.73 .03 30,600.0000 PFIZER INC 941,513.46 58.000000 1,774,800.00 833,286.54 .77 24,650.0000 PHARMACIA & UPJOHN INC 733,916.35 35.875000 884,318.75 150,402.40 .38 3,400.0000 PHELPS DODGE CORP 133,096.80 67.875000 230,775.00 97,678.20 .10 40,900.0000 PHILIP MORRIS COS INC 2,550,652.84 87.750000 3,588,975.00 1,038,322.16 1.56 12,700.0000 PHILLIPS PETE CO 313,767.50 33.250000 422,275.00 108,507.50 .18 4,100.0000 PIONEER HI BRED INTL 154,269.38 57.250000 234,725.00 80,455.62 .10
11-K140th Page of 161TOC1stPreviousNextBottomJust 140th
[Enlarge/Download Table] FPCF220900 INVESTMENT DETAIL PAGE: 18 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE MARKET VALUE GAIN/LOSS MARKET ----------- ------------------------------ ------------ --------- ------------ ------------ ------ 7,300.0000 PITNEY BOWES INC 223,861.20 44.750000 326,675.00 102,813.80 .14 2,000.0000 PITTSTON SERVICES GROUP 29,580.29 30.500000 61,000.00 31,419.71 .03 11,600.0000 PLACER DOME INC 184,220.30 24.750000 287,100.00 102,879.70 .12 11,100.0000 PNC BK CORP 275,724.66 29.250000 324,675.00 48,950.34 .14 2,206.0000 POLAROID CORP 71,533.59 46.125000 101,751.75 30,218.16 .04 1,400.0000 POTLATCH CORP 54,482.29 40.375000 56,525.00 2,042.71 .02 10,000.0000 PPG INDS INC 297,376.76 45.375000 453,750.00 156,373.24 .20 6,700.0000 PRAXAIR INC 115,095.69 29.125000 195,137.50 80,041.81 .08 2,900.0000 PREMARK INTL INC 66,910.41 51.000000 147,900.00 80,989.59 .06 9,400.0000 PRICE COSTCO INC 170,604.67 16.625000 156,275.00 -14,329.67 .07 33,284.0000 PROCTER & GAMBLE CO 1,678,117.05 86.375000 2,874,905.50 1,196,788.45 1.25 4,700.0000 PROVIDIAN CORP 135,389.00 40.125000 188,587.50 53,198.50 .08 11,900.0000 PUBLIC SVC ENTERPRISE GROUP 332,573.71 29.625000 352,537.50 19,963.79 .15 1,300.0000 PULTTE CORP COM 25,404.83 30.750000 39,975.00 14,570.17 .02 6,500.0000 QUAKER OATS CO 184,215.46 34.750000 225,875.00 41,659.54 .10 4,900.0000 RALSTON PURINA CO-RALSTON 211,536.97 64.000000 313,600.00 102,063.03 .14 PURINA GROUP 2,100.0000 RAYCHEM CORP 82,542.36 52.000000 109,200.00 26,657.64 .05 12,000.0000 RAYTHEON CO 291,997.10 44.500000 534,000.00 242,002.90 .23 3,900.0000 REEBOK INTL LTD 103,352.97 26.000000 101,400.00 -1,952.97 .04 2,500.0000 REPUBLIC N Y CORP 145,109.23 63.000000 157,500.00 12,390.77 .07 3,000.0000 REYNOLDS METALS CO 150,880.62 57.750000 173,250.00 22,369.38 .08
11-K141st Page of 161TOC1stPreviousNextBottomJust 141st
[Enlarge/Download Table] FRC F220900 INVESTMENT DETAIL PAGE: 19 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- ------------------------------ -------------- ----------- -------------- ------------- ------ 4,100.0000 RITE AID CORP 83,708.03 31.250000 128,125.00 44,416.97 .06 1,900.0000 ROADWAY SVCS INC 100,397.55 50.250000 95,475.00 -4,922.55 .04 10,500.0000 ROCKWELL INTL CORP 293,286.13 49.000000 514,500.00 221,213.87 .22 3,300.0000 ROHM & HAAS CO 165,233.10 60.250000 198,825.00 33,591.90 .09 4,100.0000 ROWAN COS INC 33,628.31 7.500000 30,750.00 -2,878.31 .01 26,000.0000 ROYAL DUTCH PETE CO N Y REG SH 2,191,334.52 128.375000 3,337,750.00 1,146,415.48 1.45 PAR N GLDR 5 7,800.0000 RUBBERMAID INC 195,322.93 27.500000 214,500.00 19,177.07 .09 1,900.0000 RUSSELL CORP 51,149.52 26.625000 50,587.50 -562.02 .02 2,600.0000 RYANS FAMILY STEAK HOUSES INC 22,305.52 7.375000 19,175.00 -3,130.52 .01 3,800.0000 RYDER SYS INC 93,979.79 23.875000 90,725.00 -3,254.79 .04 3,100.0000 SAFECO CORP 145,487.61 71.000000 220,100.00 74,612.39 .10 2,750.0000 SAFETY KLEEN CORP 61,543.76 14.250000 39,187.50 -22,356.26 .02 5,100.0000 SALOMON INC 186,131.83 36.375000 185,512.50 -619.33 .08 4,370.0000 SANTA FE ENERGY RES 65,528.92 9.250000 40,422.50 -25,106.42 .02 6,400.0000 SANTA FE PAC GOLD CORP 70,056.25 12.000000 76,800.00 6,743.75 .03 23,200.0000 SARA LEE CORP 498,403.69 32.250000 748,200.00 249,796.31 .33 29,400.0000 SBC COMMUNICATIONS INC 939,014.51 54.000000 1,587,600.00 648,585.49 .69 21,700.0000 SCECORP 418,322.05 15.625000 339,062.50 -79,259.55 .15 18,000.0000 SCHERING PLOUGH CORP 465,557.85 57.375000 1,032,750.00 567,192.15 .45 11,700.0000 SCHLUMBERGER LTD 641,299.78 63.500000 742,950.00 101,650.22 .32 3,700.0000 SCIENTIFIC ATLANTA INC 36,171.12 15.875000 58,737.50 22,566.38 .03 7,300.0000 SCOTT PAPER CO 170,239.07 57.125000 417,012.50 246,773.43 .18
11-K142nd Page of 161TOC1stPreviousNextBottomJust 142nd
[Enlarge/Download Table] FRC F220900 INVESTMENT DETAIL PAGE: 20 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- ------------------------------ -------------- ----------- -------------- ------------- ------ 18,100.0000 SEAGRAM LTD 461,821.23 36.500000 660,650.00 198,828.77 .29 18,800.0000 SEARS ROEBUCK & CO 462,223.62 39.375000 740,250.00 278,026.38 .32 5,050.0000 SERVICE CORP INTL 110,894.93 40.625000 205,156.25 94,261.32 .09 1,100.0000 SHARED MED SYS CORP 27,693.84 43.375000 47,712.50 20,018.66 .02 6,200.0000 SHAWMUT NATL CORP 136,741.74 37.500000 232,500.00 95,758.26 .10 186.0000 SHAWMUT NATL CORP WT .00 15.500000 2,883.00 2,883.00 .00 EXP 01/18/1996 4,100.0000 SHERWIN WILLIAMS CO 101,687.29 39.625000 162,462.50 60,775.21 .07 2,000.0000 SHONEYS INC 37,270.60 10.750000 21,500.00 -15,770.60 .01 2,400.0000 SIGMA ALDRICH CORP 90,780.14 49.250000 118,200.00 27,419.86 .05 7,700.0000 SILICON GRAPHICS INC 266,482.38 36.500000 281,050.00 14,567.62 .12 1,900.0000 SNAP ON INC 62,667.28 44.250000 84,075.00 21,407.72 .04 4,200.0000 SONAT INC 90,652.51 32.250000 135,450.00 44,797.49 .06 32,200.0000 SOUTHERN CO 547,103.93 22.875000 736,575.00 189,471.07 .32 7,000.0000 SOUTHWEST AIRLS CO 190,434.36 25.000000 175,000.00 -15,434.36 .08 1,000.0000 SPRINGS INDS INC 36,753.46 42.000000 42,000.00 5,246.54 .02 16,900.0000 SPRINT CORP 533,039.60 40.000000 676,000.00 142,960.40 .29 3,450.0000 ST JUDE MED INC 84,674.30 39.500000 136,275.00 51,600.70 .06 4,100.0000 ST PAUL COS INC 144,748.39 56.000000 229,600.00 84,851.61 .10 2,100.0000 STANLEY WKS 79,168.83 50.625000 106,312.50 27,143.67 .05 4,674.0000 STONE CONTAINER CORP 92,578.99 15.625000 73,031.25 -19,547.74 .03 2,400.0000 STRIDE RITE CORP 39,745.96 8.750000 21,000.00 -18,745.96 .01
11-K143rd Page of 161TOC1stPreviousNextBottomJust 143rd
[Enlarge/Download Table] FRC F220900 INVESTMENT DETAIL PAGE: 21 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- ------------------------------ -------------- ----------- -------------- ------------- ------ 3,700.0000 SUN INC 105,993.30 27.750000 102,675.00 -3,318.30 .04 4,600.0000 SUN MICROSYSTEMS INC 140,191.49 84.125000 386,975.00 246,783.51 .17 5,600.0000 SUNTRUST BKS INC 213,461.21 68.250000 382,200.00 168,738.79 .17 3,400.0000 SUPERVALU INC 86,187.50 32.250000 109,650.00 23,462.50 .05 8,800.0000 SYSCO CORP 180,280.11 30.625000 269,500.00 89,219.89 .12 5,600.0000 TANDEM COMPUTERS INC 98,084.12 12.500000 70,000.00 -28,084.12 .03 3,178.0000 TANDY CORP 116,758.21 47.625000 151,352.25 34,594.04 .07 1,600.0000 TEKTRONIX INC 47,968.97 53.875000 86,200.00 38,231.03 .04 31,600.0000 TELE COMMUNICATIONS INC NEW A 469,005.86 18.500000 584,600.00 115,594.14 .25 2,700.0000 TELEDYNE INC 61,068.60 24.250000 65,475.00 4,406.40 .03 4,200.0000 TELLABS INC 207,665.31 39.250000 164,850.00 -42,815.31 .07 2,700.0000 TEMPLE INLAND INC 111,057.90 45.375000 122,512.50 11,454.60 .05 9,700.0000 TENET HEALTHCARE CORP COM 137,206.71 17.875000 173,387.50 36,180.79 .08 8,719.0000 TENNECO INC 390,089.09 48.000000 418,512.00 28,422.91 .18 12,600.0000 TEXACO INC 714,624.38 74.000000 932,400.00 217,775.62 .41 9,000.0000 TEXAS INSTRS INC 268,174.02 57.875000 520,875.00 252,700.98 .23 10,900.0000 TEXAS UTILS CO 410,568.88 38.500000 419,650.00 9,081.12 .18 4,100.0000 TEXTRON INC 157,062.01 76.625000 314,162.50 157,100.49 .14 15,500.0000 THE TRAVELERS GROUP INC 462,289.84 59.500000 922,250.00 459,960.16 .40 1,000.0000 THOMAS & BETTS CORP 59,933.65 73.375000 73,375.00 13,441.35 .03 18,400.0000 TIME WARNER INC 528,065.36 40.000000 736,000.00 207,934.64 .32 5,400.0000 TIMES MIRROR CO CL A 129,651.05 32.500000 175,500.00 45,848.95 .08
11-K144th Page of 161TOC1stPreviousNextBottomJust 144th
[Enlarge/Download Table] FRC F220900 INVESTMENT DETAIL PAGE: 22 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- ------------------------------ -------------- ----------- -------------- ------------- ------ 1,500.0000 TIMKEN CO 44,594.74 40.375000 60,562.50 15,967.76 .03 3,500.0000 TJX COS INC NEW 67,431.55 16.625000 58,187.50 -9,244.05 .03 3,500.0000 TORCHMARK CORP 138,499.70 42.500000 148,750.00 10,250.30 .06 13,450.0000 TOYS R US INC 379,928.18 23.250000 312,712.50 -67,215.68 .14 3,400.0000 TRANSAMERICA CORP 152,705.33 76.625000 260,525.00 107,819.67 .11 77.0000 TRANSPORT HLDGS INC CL A 1,752.02 39.250000 3,022.25 1,270.23 .00 3,200.0000 TRIBUNE CO NEW 156,015.76 64.500000 206,400.00 50,384.24 .09 1,400.0000 TRINOVA CORP 38,263.25 30.750000 43,050.00 4,786.75 .02 3,200.0000 TRW INC 182,345.59 74.875000 239,600.00 57,254.41 .10 7,400.0000 TYCO INTL LTD 173,622.18 31.375000 232,175.00 58,552.82 .10 4,800.0000 U S BANCORP ORE 102,435.24 33.875000 162,600.00 60,164.76 .07 7,800.0000 U S HEALTHCARE INC 351,099.31 45.500000 354,900.00 3,800.69 .15 22,800.0000 U S WEST COMMUNICATIONS GROUP 842,267.63 31.250000 712,500.00 -129,767.63 .31 22,800.0000 U S WEST INC COM-MEDIA GROUP .00 18.000000 410,400.00 410,400.00 .18 10,400.0000 UNICOM CORP 300,516.83 32.000000 332,800.00 32,283.17 .14 7,800.0000 UNILEVER N V ADR 716,291.24 132.875000 1,036,425.00 320,133.76 .45 3,400.0000 UNION CAMP CORP 150,547.36 49.125000 167,025.00 16,477.64 .07 6,700.0000 UNION CARBIDE CORP 116,474.75 39.625000 265,487.50 149,012.75 .12 4,900.0000 UNION ELEC CO 173,783.12 40.125000 196,612.50 22,829.38 .09 9,900.0000 UNION PAC CORP 467,895.11 67.750000 670,725.00 202,829.89 .29 8,300.0000 UNISYS CORP 114,871.92 6.500000 53,950.00 -60,921.92 .02 8,400.0000 UNITED HEALTHCARE CORP 393,035.98 62.875000 528,150.00 135,114.02 .23
11-K145th Page of 161TOC1stPreviousNextBottomJust 145th
[Enlarge/Download Table] FRC F220900 INVESTMENT DETAIL PAGE: 23 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- ------------------------------ -------------- ----------- -------------- ------------- ------ 2,800.0000 UNITED STATES SURGICAL CORP 206,976.74 25.125000 70,350.00 -136,626.74 .03 6,000.0000 UNITED TECHNOLOGIES CORP 314,254.65 93.750000 562,500.00 248,245.35 .24 11,800.0000 UNOCAL CORP 282,140.70 26.875000 317,125.00 34,984.30 .14 3,500.0000 UNUM CORP 192,757.07 54.125000 189,437.50 -3,319.57 .08 3,000.0000 USAIR GROUP INC 53,505.47 13.375000 40,125.00 -13,380.47 .02 5,400.0000 USF&G CORP 102,570.08 17.250000 93,150.00 -9,420.08 .04 1,650.0000 USLIFE CORP 33,297.78 28.875000 47,643.75 14,345.97 .02 9,500.0000 UST INC 212,086.58 32.625000 309,937.50 97,850.92 .13 14,400.0000 USX-MARATHON GROUP NEW 319,891.37 18.375000 264,600.00 -55,291.37 .11 3,900.0000 USX-U S STL GROUP 119,688.86 32.625000 127,237.50 7,548.64 .06 3,034.0000 V F CORP 133,400.20 52.000000 157,768.00 24,367.80 .07 2,050.0000 VARITY CORP NEW 67,238.79 38.750000 79,437.50 12,198.71 .03 17,400.0000 VIACOM INC CLASS B 627,382.76 48.250000 839,550.00 212,167.24 .36 8,300.0000 WACHOVIA CORP NEW 320,658.60 45.000000 373,500.00 52,841.40 .16 111,300.0000 WAL MART STORES INC 2,324,043.14 24.000000 2,671,200.00 347,156.86 1.16 11,900.0000 WALGREEN CO 196,147.72 29.125000 346,587.50 150,439.78 .15 6,500.0000 WARNER LAMBERT CO 393,358.02 89.250000 580,125.00 186,766.98 .25 2,400.0000 WELLS FARGO & CO 204,115.45 210.250000 504,600.00 300,484.55 .22 4,900.0000 WENDYS INTL INC 57,186.01 20.625000 101,062.50 43,876.49 .04 2,600.0000 WESTERN ATLAS INC 34,384.53 47.875000 124,475.00 90,090.47 .05 19,000.0000 WESTINGHOUSE ELEC CORP 367,471.27 16.875000 320,625.00 -46,846.27 .14 4,950.0000 WESTVACO CORP 114,291.62 27.375000 135,506.25 21,214.63 .06
11-K146th Page of 161TOC1stPreviousNextBottomJust 146th
[Enlarge/Download Table] FRC F220900 INVESTMENT DETAIL PAGE: 24 UAL PILOTS S&P 500 INDEX FUND 11/30/1995 HMFR005BF BOSTON SAFE DEPOSIT & TRUST CO BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET --------------- ------------------------------ -------------- ----------- -------------- ------------- ------ 9,950.0000 WEYERHAEUSER CO 343,054.11 45.250000 450,237.50 107,183.39 .20 3,600.0000 WHIRLPOOL CORP 149,123.71 55.500000 199,800.00 50,676.29 .09 5,100.0000 WHITMAN CORP 65,196.43 22.000000 112,200.00 47,003.57 .05 2,700.0000 WILLAMETTE INDS INC 186,488.00 60.500000 163,350.00 -23,138.00 .07 4,900.0000 WILLIAMS COS INC 106,857.65 42.000000 205,800.00 98,942.35 .09 3,700.0000 WINN DIXIE STORES INC 167,470.61 64.125000 237,262.50 69,791.89 .10 23,400.0000 WMX TECHNOLOGIES INC 708,324.83 29.500000 690,300.00 -18,024.83 .30 6,400.0000 WOOLWORTH CORP 161,179.48 15.000000 96,000.00 -65,179.48 .04 4,450.0000 WORTHINGTON INDS INC 67,044.76 19.625000 87,331.25 20,286.49 .04 5,600.0000 WRIGLEY WM JR CO 144,686.32 47.125000 263,900.00 119,213.68 .11 5,226.0000 XEROX CORP 410,790.35 137.125000 716,615.25 305,824.90 .31 1,400.0000 YELLOW CORP COM 35,886.03 12.000000 16,800.00 -19,086.03 .01 600.0000 ZURN INDS INC 17,638.95 24.500000 14,700.00 -2,938.95 .01 TOTAL INVESTMENTS COMMON STOCK 149,127,665.11 217,596,698.53 68,469,033.42 94.54 TOTAL INVESTMENT 161,704,709.31 230,173,702.97 68,468,993.66 100.00
11-K147th Page of 161TOC1stPreviousNextBottomJust 147th
FRC G001000 INVESTMENT DETAIL PAGE: 1 UAL PILOTS CONSOLIDATED 11/30/1995 HMFR005BF GOVERNMENT BOND FUND BASE CURRENTY: USD Item 27a: Schedule of Assets Held for Investment Purposes [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------------ ------------- ------------ -------------- ------------- ------- INVESTMENTS CASH & CASH EQUIVALENTS 6,140,979.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 6,140,979.00 1.000000 6,140,979.00 0.00 7.07 4,035,953.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 4,035,953.00 1.000000 4,035,953.00 0.00 4.65 8,309.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 8,309.00 1.000000 8,309.00 0.00 .01 20,203.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 20,203.00 1.000000 20,203.00 0.00 .02 91,729.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 91,729.00 1.000000 91,729.00 0.00 .11 8,765.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 8,765.00 1.000000 8,765.00 0.00 .01 3,089.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 3,089.00 1.000000 3,089.00 0.00 .00 19,671.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 19,671.00 1.000000 19,671.00 0.00 .02 5,901.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 5,901.00 1.000000 5,901.00 0.00 .01 14,641.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 14,641.00 1.000000 14,641.00 0.00 .02 33,865.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 33,865.00 1.000000 33,865.00 0.00 .04 8,490.0000 TBC INC ISG POLLED EMPL FDS 12/31/1999 8,490.00 1.000000 8,490.00 0.00 .01 3,820.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 3,820.00 1.000000 3,820.00 0.00 .00 42,475.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 42,475.00 1.000000 42,475.00 0.00 .05
11-K148th Page of 161TOC1stPreviousNextBottomJust 148th
FRC G001000 INVESTMENT DETAIL PAGE: 2 UAL PILOTS CONSOLIDATED 11/30/1995 HMFR005BF GOVERNMENT BOND FUND BASE CURRENTY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------------ ------------- ------------ -------------- ------------- ------- 3,368.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 3,368.00 1.000000 3,368.00 0.00 .00 5,061.0000 TBC INC ISG POOLED EMPL FDS 12/31/1999 5,061.00 1.000000 5,061.00 0.00 .01 TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 10,446,319.00 10,446,319.00 0.00 12.03 INVESTMENTS FIXED INCOME SECURITIES 210,000.0000 FED HOME LN MTG CORP DEB 7.750% 11/07/2001 DD 11/07/91 215,484.38 109.664990 230,296.48 14,812.10 .27 400,000.0000 FED HOME LN MTG CORP DEB 7.900% 09/19/2001 DD 09/19/91 436,906.25 110.204990 440,819.96 3,913.71 .51 510,000.0000 FED NATL MTG ASSN 7.850% 09/10/1998 DD 09/10/91 563,231.25 105.668990 538,911.85 -24,319.40 .62 105,000.0000 FED NATL MTG ASSN DEB 6.050% 11/10/1997 DD 11/10/92 103,441.41 101.012990 106,063.64 2,622.23 .12 475,000.0000 FED NATL MTG ASSN DEB 7.050% 11/12/2002 DD 11/10/92 509,140.62 106.471980 505,741.91 -3,398.71 .58 430,000.0000 FED NATL MTG ASSN DEB 8.150% 05/11/1998 DD 05/10/91 468,656.25 105.838000 455,103.40 -13,552.85 .52 605,000.0000 FED NATL MTG ASSN DEB 8.250% 12/18/2000 DD 12/17/90 682,843.76 110.629000 669,305.45 -13,538.31 .77 350,000.0000 FED NATL MTG ASSN DEB 9.200% 09/11/2000 DD 09/10/90 406,671.88 114.084990 399,297.47 -7,374.41 .46 1,715,000.0000 FEDERAL FARM CR BKS CONS BDS 11.900% 10/20/1997 DD 10/01/82 2,098,371.55 111.228000 1,907,560.20 -190,811.35 2.20 400,000.0000 FEDERAL HOME LN BKS CONS BD FLG/RT 12/18/1995 DD 12/18/92 399,600.00 99.998980 399,995.92 395.92 .46 315,000.0000 FEDERAL HOME LN BKS CONS BD 5.040% 08/20/1998 DD 08/20/93 295,410.94 98.769000 311,122.35 15,711.41 .36
11-K149th Page of 161TOC1stPreviousNextBottomJust 149th
FRC G001000 INVESTMENT DETAIL PAGE: 3 UAL PILOTS CONSOLIDATED 11/30/1995 HMFR005BF GOVERNMENT BOND FUND BASE CURRENTY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------------ ------------- ------------ -------------- ------------- ------- 180,000.0000 FEDERAL HOME LN BKS CONS BD 9.500% 02/25/2004 DD 02/27/89 219,937.50 121.443980 218,599.16 -1,338.34 .25 145,000.0000 FEDERAL NATL MTG ASSN DEB 5.050% 11/10/1998 DD 11/10/93 136,300.00 98.603000 142,974.35 6,674.35 .16 295,000.0000 FEDERAL NATL MTG ASSN DEB 7.050% 10/10/1996 DD 10/10/91 309,111.72 101.321990 298,899.87 -10,211.85 .34 585,000.0000 FEDERAL NATL MTG ASSN DEB 7.550% 04/22/2002 DD 4/22/92 615,118.75 108.560000 635,076.00 19,957.25 .73 1,360,000.0000 FEDERAL NATL MTG ASSN DEB 8.350% 11/10/1999 DD 11/10/89 1,496,365.38 109.157990 1,484,548.66 -11,816.72 1.71 675,000.0000 FEDERAL NATL MTG ASSN DEB 8.450% 07/12/1999 DD 07/10/89 769,589.06 109.026990 735,932.18 -33,656.88 .85 310,000.0000 FEDERAL NATL MTG ASSN DEB 8.900% 06/12/2000 364,496.87 112.489000 348,715.90 -15,780.97 .40 1,000,000.0000 FEDERAL NATL MTG ASSN DEB 9.200% 01/10/1996 DD 01/10/86 1,096,560.00 100.392990 1,003,929.90 -92,630.10 1.16 1,063,000.0000 TIGRS SER 12-INT 13.25% 2014 T-BD MAT 11/15/2001 137,203.54 71.801990 763,255.15 626,051.61 .88 750,000.0000 TWELVE FED LD BKS 7.350% 01/20/1997 DD 01/20/77 724,804.69 102.287990 767,159.93 42,355.24 .88 2,000,000.0000 U S TREAS CPN GENERIC CUBE MAT 02/15/2000 536,623.78 79.564990 1,591,299.80 1,054,676.02 1.83 3,390,000.0000 U S TREAS CPN GENERIC CUBE MAT 05/15/1996 872,391.85 97.625000 3,309,487.50 2,437,095.65 3.81 1,080,625.0000 U S TREAS CPN GENERIC CUBE MAT 05/15/2005 205,221.49 57.282990 619,014.31 413,792.82 .71 838,750.0000 U S TREAS CPN GENERIC CUBE MAT 08/15/1997 223,662.90 91.327990 766,013.52 542,350.62 .88 80,000.0000 U S TREAS CPN GENERIC CUBE 62,628.00 85.231990 68,185.59 5,557.59 .08
11-K150th Page of 161TOC1stPreviousNextBottomJust 150th
FRC G001000 INVESTMENT DETAIL PAGE: 4 UAL PILOTS CONSOLIDATED 11/30/1995 HMFR005BF GOVERNMENT BOND FUND BASE CURRENTY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET -------------- ------------------------------------ ------------- ------------ -------------- ------------- ------- MAT 11/15/1998 2,636,250.0000 U S TREAS CPN GENERIC CUBE MAT 11/15/1998 506,370.90 85.231990 2,246,928.34 1,740,557.44 2.59 437,000.0000 U S TREAS NT STRIPPED PRIN PMT 7 1/2% 11/15/2001 56,404.46 72.010990 314,688.03 258,283.57 .36 645,000.0000 U S TREAS STRIP GENERIC TINT DUE 11/15/2009 192,072.24 42.825000 276,221.25 84,149.01 .32 525,000.0000 U S TREAS STRIP GENERIC TINT 2/15/1997 408,583.22 93.931990 493,142.95 84,559.73 .57 220,000.0000 U S TREAS STRIP GENERIC TINT 2/15/1998 146,482.40 88.968990 195,731.78 49,249.38 .23 1,000,000.0000 U S TREAS STRIP GENERIC TINT 2/15/1999 575,459.85 84.140000 841,400.00 265,940.15 .97 525,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2000 338,581.94 79.662990 418,230.70 79,648.76 .48 800,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2001 402,144.50 75.316990 602,535.92 200,391.42 .69 1,770,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2002 955,234.16 70.896000 1,254,859.20 299,625.04 1.45 2,135,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2003 ,208,243.71 66.651990 1,423,019.99 214,776.28 1.65 1,025,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2004 372,760.46 62.603000 641,680.75 268,920.29 .74 1,955,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2005 844,002.67 58.655000 1,146,705.25 302,702.58 1.32 370,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2006 169,417.83 54.969990 203,388.96 33,971.13 .23 740,000.0000 U S TREAS STRIP GENERIC TINT 2/15/2007 309,702.72 51.446000 380,700.40 70,997.68 .44
11-K151st Page of 161TOC1stPreviousNextBottomJust 151st
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 5 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 1,000,000.0000 U S TREAS STRIP GENERIC TINT 357,523.97 40.196990 481,969.90 124,445.93 .56 02/15/2008 750,000.0000 U S TREAS STRIP GENERIC TINT 265,773.16 45.051990 337,889.93 72,116.77 .39 02/15/2009 2,130,000.0000 U S TREAS STRIP GENERIC TINT 784,042.56 42.004990 894,706.29 110,663.73 1.03 02/15/2010 180,000.0000 U S TREAS STRIP GENERIC TINT 50,684.62 39.053990 70,297.18 19,612.56 .08 02/15/2011 780,000.0000 U S TREAS STRIP GENERIC TINT 228,803.66 36.481990 284,559.52 55,755.86 .33 02/15/2012 399,000.0000 U S TREAS STRIP GENERIC TINT 97,325.42 34.052990 135,871.43 38,546.01 .16 02/15/2013 1,735,000.0000 U S TREAS STRIP GENERIC TINT 398,130.56 31.760990 551,053.18 152,922.62 .63 02/15/2014 3,433,000.0000 U S TREAS STRIP GENERIC TINT 829,024.29 29.711000 1,019,978.63 190,954.34 1.18 02/15/2015 1,000,000.0000 U S TREAS STRIP GENERIC TINT 267,880.00 27.674000 276,740.00 8,860.00 .32 02/15/2016 1,215,000.0000 U S TREAS STRIP GENERIC TINT 913,138.78 92.655000 1,125,758.25 212,619.47 1.30 05/15/1997 665,000.0000 U S TREAS STRIP GENERIC TINT 522,149.40 87.734990 583,437.68 61,288.28 .67 05/15/1998 680,000.0000 U S TREAS STRIP GENERIC TINT 387,132.93 82.987000 564,311.60 177,178.67 .65 05/15/1999 1,335,000.0000 U S TREAS STRIP GENERIC TINT 753,605.74 78.558990 1,048,762.52 295,156.78 1.21 05/15/2000 945,000.0000 U S TREAS STRIP GENERIC TINT 404,474.96 74.181000 701,010.45 296,535.49 .81 05/15/2001 1,150,000.0000 U S TREAS STRIP GENERIC TINT 608,897.67 65.577990 754,146.89 145,249.22 .87 05/15/2003
11-K152nd Page of 161TOC1stPreviousNextBottomJust 152nd
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 5 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 610,000.0000 U S TREAS STRIP GENERIC TINT 294,574.24 61.564000 375,540.40 80,966.16 .43 05/15/2004 1,020,000.0000 U S TREAS STRIP GENERIC TINT 417,707.34 57.705990 588,601.10 170,893.76 .68 05/15/2005 455,000.0000 U S TREAS STRIP GENERIC TINT 202,572.61 54.060000 245,973.00 43,400.39 .28 05/15/2006 785,000.0000 U S TREAS STRIP GENERIC TINT 295,880.08 50.633000 397,469.05 101,588.97 .46 05/15/2007 580,000.0000 U S TREAS STRIP GENERIC TINT 224,071.13 47.424990 275,064.94 50,993.81 .32 05/15/2008 800,000.0000 U S TREAS STRIP GENERIC TINT 229,881.53 44.318980 354,551.84 124,670.31 .41 05/15/2009 1,835,000.0000 U S TREAS STRIP GENERIC TINT 679,692.45 41.252990 756,992.37 77,299.92 .87 05/15/2010 150,000.0000 U S TREAS STRIP GENERIC TINT 50,500.50 35.860990 53,791.49 3,290.99 .06 05/15/2012 510,000.0000 U S TREAS STRIP GENERIC TINT 136,855.43 33.467990 170,686.75 33,831.32 .20 05/15/2013 2,074,000.0000 U S TREAS STRIP GENERIC TINT 458,057.08 31.209000 647,274.66 189,217.58 .75 05/15/2014 1,290,000.0000 U S TREAS STRIP GENERIC TINT 288,320.11 29.190990 376,563.77 88,243.66 .43 05/15/2015 486,000.0000 U S TREAS STRIP GENERIC TINT 382,386.89 91.463990 444,514.99 62,128.10 .51 08/15/1997 325,000.0000 U S TREAS STRIP GENERIC TINT 214,431.10 86.528990 281,219.22 66,788.12 .32 08/15/1998 1,200,000.0000 U S TREAS STRIP GENERIC TINT 678,232.02 81.875000 982,500.00 304,267.98 1.13 08/15/1999 1,159,000.0000 U S TREAS STRIP GENERIC TINT 693,396.40 77.467000 897,842.53 204,446.13 1.03 08/15/2000
11-K153rd Page of 161TOC1stPreviousNextBottomJust 153rd
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 5 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 640,000.0000 U S TREAS STRIP GENERIC TINT 311,504.53 73.131990 468,044.74 156,540.21 .54 08/15/2001 1,045,000.0000 U S TREAS STRIP GENERIC TINT 515,563.88 68.823990 719,210.70 203,646.82 .83 08/15/2002 925,000.0000 U S TREAS STRIP GENERIC TINT 413,198.25 60.532990 559,930.16 146,731.91 .65 08/15/2004 1,077,000.0000 U S TREAS STRIP GENERIC TINT 401,124.29 56.818980 611,940.41 210,816.12 .70 08/15/2005 419,000.0000 U S TREAS STRIP GENERIC TINT 147,201.78 53.159990 222,740.36 75,538.58 .26 08/15/2006 728,000.0000 U S TREAS STRIP GENERIC TINT 285,017.96 49.829990 362,762.33 77,744.37 .42 08/15/2007 785,000.0000 U S TREAS STRIP GENERIC TINT 300,842.66 46.605000 365,849.25 65,006.59 .42 08/15/2008 685,000.0000 U S TREAS STRIP GENERIC TINT 212,299.35 43.537990 298,235.23 85,935.88 .34 08/15/2009 3,335,000.0000 U S TREAS STRIP GENERIC TINT 1,204,298.51 40.567990 1,352,942.47 148,643.96 1.56 08/15/2010 155,000.0000 U S TREAS STRIP GENERIC TINT 49,771.00 37.748990 58,510.93 8,739.93 .07 08/15/2011 410,000.0000 U S TREAS STRIP GENERIC TINT 127,096.84 35.250000 144,525.00 17,428.16 .17 08/15/2012 1,055,000.0000 U S TREAS STRIP GENERIC TINT 305,456.81 32.890000 346,989.50 41,532.69 .40 08/15/2013 1,375,000.0000 U S TREAS STRIP GENERIC TINT 369,165.56 30.720990 422,413.61 53,248.05 .49 08/15/2014 1,640,000.0000 U S TREAS STRIP GENERIC TINT 396,152.93 28.731990 471,204.64 75,051.71 .54 08/15/2015
11-K154th Page of 161TOC1stPreviousNextBottomJust 154th
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 5 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 2,325,000.0000 U S TREAS STRIP GENERIC TINT 533,371.78 26.754990 622,053.52 88,681.74 .72 08/15/2016 560,000.0000 U S TREAS STRIP GENERIC TINT 314,045.72 90.172990 504,968.74 190,923.02 .58 11/15/1997 770,000.0000 U S TREAS STRIP GENERIC TINT 514,323.92 80.778000 621,990.60 107,666.68 .72 11/15/1999 1,541,000.0000 U S TREAS STRIP GENERIC TINT 816,267.35 76.422990 1,177,678.28 361,410.93 1.36 11/15/2000 1,305,000.0000 U S TREAS STRIP GENERIC TINT 634,384.24 67.780000 884,529.00 250,144.76 1.02 11/15/2002 1,055,000.0000 U S TREAS STRIP GENERIC TINT 526,909.20 63.649990 671,507.39 144,598.19 .77 11/15/2003 385,000.0000 U S TREAS STRIP GENERIC TINT 175,681.11 59.614990 229,517.71 53,836.60 .26 11/15/2004 1,780,000.0000 U S TREAS STRIP GENERIC TINT 715,930.75 55.943980 995,802.84 279,872.09 1.15 11/15/2005 492,000.0000 U S TREAS STRIP GENERIC TINT 166,339.75 48.980000 240,981.60 74,641.85 .28 11/15/2007 1,532,000.0000 U S TREAS STRIP GENERIC TINT 525,102.63 39.892990 611,160.61 86,057.98 .70 11/15/2010 250,000.0000 U S TREAS STRIP GENERIC TINT 67,273.21 37.053990 92,634.98 25,361.77 .11 11/15/2011 225,000.0000 U S TREAS STRIP GENERIC TINT 52,340.26 34.646990 77,955.73 25,615.47 .09 11/15/2012 215,000.0000 U S TREAS STRIP GENERIC TINT 46,337.13 32.377990 69,612.68 23,275.55 .08 11/15/2013 1,420,000.0000 U S TREAS STRIP GENERIC TINT 295,795.54 30.239990 429,407.86 133,612.32 .49 11/15/2014 2,175,000.0000 U S TREAS STRIP GENERIC TINT 591,313.35 28.172000 612,741.00 21,427.65 .73 11/15/2015
11-K155th Page of 161TOC1stPreviousNextBottomJust 155th
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 9 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 1,095,000.0000 U S TREAS STRIP GENERIC TINT 570,537.55 64.607990 707,457.49 136,919.94 .81 8/15/2003 505,000.0000 U S TREASURY BONDS 638,061.65 129.621990 654,591.05 16,529.40 .75 10.750% 02/15/2003 DD 01/04/83 375,000.0000 U S TREASURY BONDS 495,032.87 136.058000 510,217.50 15,184.63 .59 10.750% 08/15/2005 DD 07/02/85 285,000.0000 U S TREASURY BONDS 400,268.75 133.968990 381,811.62 -18,457.13 .44 11.625% 11/15/2002 DD 09/29/82 270,000.0000 U S TREASURY BONDS 373,033.14 140.323990 378,874.77 5,841.63 .44 11.625% 11/15/2004 DD 10/30/84 40,000.0000 U S TREASURY BONDS 57,964.46 144.541990 57,816.80 -147.66 .07 12.000% 05/15/2005 DD 04/02/85 260,000.0000 U S TREASURY NOTES 234,325.00 98.157000 255,208.20 20,883.20 .29 04.750% 10/31/1998 DD 11/01/93 350,000.0000 U S TREASURY NOTES 353,349.78 99.439990 348,039.97 -5,309.81 .40 05.125% 03/31/1998 DD 03/31/93 260,000.0000 U S TREASURY NOTES 250,050.00 99.138990 257,761.37 7,711.37 .30 05.125% 12/31/1998 DD 12/31/93 115,000.0000 U S TREASURY NOTES 106,788.28 99.599000 114,538.85 7,750.57 .13 05.250% 07/31/1998 DD 08/02/93 395,000.0000 U S TREASURY NOTES 357,226.22 100.146000 395,576.70 38,350.48 .46 05.500% 04/15/2000 DD 04/15/93 220,000.0000 U S TREASURY NOTES 215,204.69 100.465990 221,025.18 5,820.49 .25 05.625% 01/31/1998 DD 02/01/93 350,000.0000 U S TREASURY NOTES 322,340.20 100.174990 350,612.47 28,272.27 .40 05.750% 08/15/2003 DD 08/15/93 40,000.0000 U S TREASURY NOTES 39,257.58 101.299000 40,519.60 1,262.02 .05 06.000% 12/31/1997 DD 12/31/92 245,000.0000 U S TREASURY NOTES 235,205.99 103.179990 252,790.98 17,584.99 .29
11-K156th Page of 161TOC1stPreviousNextBottomJust 156th
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 9 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 06.375% 01/15/2000 DD 01/15/93 145,000.0000 U S TREASURY NOTES 143,966.45 101.512990 147,193.84 3,227.39 .17 06.375% 06/30/1997 DD 06/30/92 520,000.0000 U S TREASURY NOTES 540,211.66 104.101990 541,330.35 1,118.69 .62 06.375% 08/15/2002 DD 08/15/92 290,000.0000 U S TREASURY NOTES 311,110.79 101.920000 295,568.00 -15,542.79 .34 06.750% 05/31/1997 DD 06/01/92 490,000.0000 U S TREASURY NOTES 488,004.70 102.002000 499,809.80 11,805.10 .58 06.875% 04/30/1997 DD 04/30/92 315,000.0000 U S TREASURY NOTES 331,987.47 101.286000 319,050.90 -12,936.57 .37 06.875% 10/31/1996 DD 10/31/91 555,000.0000 U S TREASURY NOTES 593,925.83 104.644000 580,774.20 -13,151.63 .67 07.000% 04/15/1999 DD 04/15/92 160,000.0000 U S TREASURY NOTES 167,074.74 101.246990 161,995.18 -5,079.56 .19 07.000% 09/30/1996 DD 09/30/91 235,000.0000 U S TREASURY NOTES 229,528.90 105.532990 248,002.53 18,473.63 .29 07.125% 09/30/1999 DD 09/30/94 70,000.0000 U S TREASURY NOTES 70,414.02 109.858990 76,901.29 6,487.27 .09 07.250% 05/15/2004 DD 05/15/94 260,000.0000 U S TREASURY NOTES 256,628.40 100.855990 262,225.57 5,597.17 .30 07.375% 05/15/1996 DD 05/15/86 255,000.0000 U S TREASURY NOTES 275,448.05 112.056990 285,745.32 10,297.27 .33 07.500% 02/15/2005 DD 02/15/95 535,000.0000 U S TREASURY NOTES 566,086.09 110.114000 589,109.90 23,023.81 .68 07.500% 05/15/2002 DD 05/15/92 155,000.0000 U S TREASURY NOTES 166,061.60 109.506000 169,734.30 3,672.70 .20 07.500% 11/15/2001 DD 11/15/91 85,000.0000 U S TREASURY NOTES 84,946.88 102.215990 86,883.59 1,936.71 .10 07.500% 12/31/1996 DD 01/03/95
11-K157th Page of 161TOC1stPreviousNextBottomJust 157th
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 9 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 465,000.0000 U S TREASURY NOTES 486,170.78 100.873990 469,064.05 -17,106.73 .54 07.625% 04/30/1996 DD 04/30/91 375,000.0000 U S TREASURY NOTES 398,910.40 109.815990 411,809.96 12,899.56 .47 07.750% 02/15/2001 DD 02/15/91 140,000.0000 U S TREASURY NOTES 152,239.06 100.698990 140,978.59 -11,260.47 .16 07.750% 03/31/1996 DD 04/01/91 270,000.0000 U S TREASURY NOTES 286,762.50 104.931000 283,313.70 -3,448.80 .33 07.875% 01/15/1998 DD 01/15/91 345,000.0000 U S TREASURY NOTES 378,817.80 105.476990 363,895.62 -14,922.18 .42 07.875% 04/15/1998 DD 04/15/91 210,000.0000 U S TREASURY NOTES 226,164.35 101.377000 212,891.70 -13,272.65 .25 07.875% 06/30/1996 DD 07/01/91 1,000,000.0000 U S TREASURY NOTES 991,885.92 101.483990 1,014,839.90 22,953.98 1.17 07.875% 07/15/1996 DD 07/17/89 385,000.0000 U S TREASURY NOTES 417,318.72 108.299000 416,951.15 -367.57 .48 07.875% 11/15/1999 DD 11/15/89 445,000.0000 U S TREASURY NOTES 482,462.50 111.293000 495,253.85 12,791.35 .57 08.000% 05/15/2001 DD 05/15/91 325,000.0000 U S TREASURY NOTES 339,117.19 112.670000 366,177.50 27,060.31 .42 08.500% 11/15/2000 DD 11/15/90 270,000.0000 U S TREASURY NOTES 286,821.42 113.122990 305,432.07 18,610.65 .35 08.750% 08/15/2000 DD 08/15/90 1,045,000.0000 U S TREASURY NOTES 1,057,103.12 100.659990 1,051,896.90 -5,206.22 1.21 08.875% 02/15/1996 DD 02/15/86 350,000.0000 U S TREASURY NOTES 387,024.87 109.903990 384,663.97 -2,360.90 .44 08.875% 02/15/1999 DD 02/15/89 195,000.0000 U S TREASURY NOTES 207,080.16 113.213990 220,767.28 13,687.12 .25 08.875% 05/15/2000 DD 05/14/90 590,000.0000 U S TREASURY NOTES 650,690.32 111.295990 656,646.34 5,956.02 .76 09.125% 05/15/1999 DD 05/12/89
11-K158th Page of 161TOC1stPreviousNextBottomJust 158th
[Enlarge/Download Table] FRC G001000 INVESTMENT DETAIL PAGE: 9 UAL PILOTS CONSOLIDATED 11/30/1995 HMFROO5BF GOVERNMENT BOND FUND BASE CURRENCY: USD SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- --------------------------- ------------- ------------ ------------- ----------- ------ 155,000.0000 U S TREASURY NOTES 157,688.28 100.420990 155,652.53 -2,035.75 .18 09.250% 01/15/1996 DD 01/17/89 1,000,000.0000 US TREAS DET CPN EXCL CPNS 147,670.00 70.896000 708,960.00 561,290.00 .82 FR 14.250% 02/15/2002 1,700,000.0000 US TREAS STRIPS GENERIC TINT 386,941.55 25.051990 425,883.83 38,942.28 .49 ZERO CPN 08/15/2017 TOTAL INVESTMENTS FIXED INCOME SECURITIES 59,879,402.48 76,359,711.66 36,480,309.18 87.97 TOTAL INVESTMENT 70,325,721.48 86,806,030.66 16,480,309.18 100.00
11-K159th Page of 161TOC1stPreviousNextBottomJust 159th
FRC F221800 INVESTMENT DETAIL PAGE: 1 UAL NEW COMMON FUND 11/30/1995 HNFR005BF Item 27a: Schedule of Assets Held for Investment Purposes BASE CURRENCY: USD [Enlarge/Download Table] SHARES/ MARKET MARKET UNREALIZED % OF PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE GAIN/LOSS MARKET ---------------- -------------------------- ------------- ------------ ---------------- ------------- ------ INVESTMENTS CASH & CASH EQUIVALENTS 5,362,829.0000 TBC INC ISG POOLED EMPL FDS 5,362,829.00 1.000000 5,362,829.00 .00 5.03 12/31/1999 TOTAL INVESTMENTS CASH & CASH EQUIVALENTS 5,362,829.00 5,362,829.00 .00 5.03 INVESTMENTS COMMON STOCK 484,166.0000 UAL CORP PAR $0.01 60,609,556.85 209.250000 101,311,735.50 40,702,178.65 94.97 TOTAL INVESTMENTS COMMON STOCK 60,609,556.85 101,311,735.50 40,702,178.65 94.97 TOTAL INVESTMENT 65,972,385.85 106,674,564.50 40,702,178.65 100.00
11-K160th Page of 161TOC1stPreviousNextBottomJust 160th
RUN DATE: 11-APR-96 PAGE: 1 16488 SINGLE TRANSACTIONS IN EXCESS OF FIVE PERCENT OF THE CURRENT VALUE OF THE PLAN ASSETS FOR THE PERIOD 31 DECEMBER 1994 THROUGH 30 NOVEMBER 1995 FRC GO8140D FRANK RUSSELL CONSOLIDATED Item 27a: Schedule of Reportable Transactions [Enlarge/Download Table] 5% VALUE: 89,786,869.16 TRAN SHARES/ TRANSACTION COST OF PROCEEDS COST OF ASSETS CODE PAR VALUE SECURITY DESCRIPTION EXPENSE PURCHASES FROM SALES DISPOSED GAIN/LOSS --- --------- -------------------- ----------- --------- ---------- -------------- --------- S 300,000,000.00 TBC INC ISG POOLED EMPL FDS .00 300,000,000.00 .00 12/31/1999 .00 300,000,000.00 S 150,000,000.00 TBC INC ISG POOLED EMPL FDS .00 150,000,000.00 .00 12/31/1999 .00 150,000,000.00 S 144,753,735.00 TBC INC ISG POOLED EMPL FDS .00 144,753,735.00 .00 12/31/1999 .00 144,753,735.00 S 300,000,000.00 FRANK RUSSELL CD SHORT TERM .00 .00 .00 INV FUNDS 150,000,000.00 .00 S 150,000,000.00 FRANK RUSSELL CD SHORT TERM .00 .00 .00 INV FUNDS 150,000,000.00 .00 S 144,753,735.00 FRANK RUSSELL CD SHORT TERM .00 .00 .00 INV FUNDS 144,753,735.00 .00
11-KLast Page of 161TOC1stPreviousNextBottomJust 161st
RUN DATE: 11-APR-96 PAGE: 1 76500 SERIES OF TRANSACTIONS IN EXCESS OF FIVE PERCENT OF THE CURRENT VALUE OF THE PLAN ASSETS FOR THE PERIOD 31 DECEMBER 1994 THROUGH 30 NOVEMBER 1995 FRC GO8140D FRANK RUSSELL CONSOLIDATED Item 27a: Schedule of Reportable Transactions [Enlarge/Download Table] 5% VALUE: 89,786,869.16 TRAN SHARES/ COST OF PROCEEDS COST OF ASSETS CODE PAR VALUE SECURITY DESCRIPTION PURCHASES FROM SALES DISPOSED GAIN/LOSS --- --------- -------------------- ----------- ---------- -------------- ----------- 3142 1,557,198,566.00 TBC INC ISG POOLED EMPL FDS .00 .00 12/31/1999 1,557,198,566.00 .00 3252 2,161,421,830.00 TBC INC ISG POOLED EMPL FDS 2,161,421,830.00 .00 12/31/1999 .00 2,161,421,830.00 24 654,882,386.15 FRANK RUSSELL CD SHORT TERM .00 .00 INV FUNDS 654,882,386.15 .00 24 66,749,321.09 FRANK RUSSELL CD SHORT TERM 66,749,321.09 .00 INV FUNDS .00 66,749,321.09

Dates Referenced Herein   and   Documents Incorporated By Reference

Referenced-On Page
This 11-K Filing   Date First   Last      Other Filings
7/12/941
7/19/941
11/30/94111-K
1/12/951
3/15/951
For The Period Ended11/30/95111-K
12/11/951
5/6/961
5/20/961S-8
5/23/961
Filed On / Filed As Of5/24/96111-K
 
TopList All Filings


Filing Submission 0000100517-96-000042   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2014 Fran Finnegan & Company.  All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu, 24 Apr 21:17:38.1 GMT