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Chemfirst Inc – ‘11-K’ for 12/31/99

On: Wednesday, 6/28/00, at 12:03pm ET · For: 12/31/99 · Accession #: 950134-0-5338 · File #s: 1-12547, 333-35221 · Correction: This Filing’s “Filed as of” Date was Corrected and “Changed as of” 5/1/02 by the SEC on 5/1/02. `®`

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 6/28/00  Chemfirst Inc                     11-K®      12/31/99    2:42K                                    RR Donnelley

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        Form11-Kfor Fiscal Year End December 31, 1999         22     90K 
 2: EX-23.1     Consentofindependent Public Accountants                1      6K

11-K — Form11-Kfor Fiscal Year End December 31, 1999
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Schedule of Assets Held for Investment Purposes
1	1st Page - Filing Submission
20	Item 27a -. Schedule of Assets Held for Investment Purposes

11-K 1st Page of 22 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
 Washington, D. C. 20549

 FORM 11-K

[X]      ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES              
EXCHANGE ACT OF 1934 [FEE REQUIRED]                           

For the period ended December 31, 1999                        

OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES          
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]                        

For the transition period from ______________ to ____________ 

ChemFirst Inc. Commission file number 333-157-89                                
      ----------

CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN
700 North Street
Post Office Box 1249
 Jackson, Mississippi 39215-1249

CHEMFIRST INC.
700 North Street
Post Office Box 1249
 Jackson, Mississippi 39215-1249

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Financial Statements and Schedule

December 31, 1999 and 1998

 (With Independent Auditors' Report Thereon)

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

Index to Financial Statements and Schedule

Independent Auditors' Report                                                    

Statements of Net Assets Available for Benefits as of December 31, 1999 and 1998

Statements of Changes in Net Assets Available for Benefits for the years ended  
December 31, 1999, 1998, and 1997                                     

Notes to Financial Statements                                                   

Supplemental Schedule:                                                          

I. Item 27a - Schedule of Assets Held for Investment Purposes as of December 31,
1999                                                

All other schedules are omitted because they are not required under Department  
of Labor Regulations.                                                           

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INDEPENDENT AUDITORS' REPORT

The Employee Benefits Committee                                                 
ChemFirst Inc.:                                                                 

We have audited the financial statements of ChemFirst Inc. 401(k) Savings and   
Employee Stock Ownership Plan (the Plan) as listed in the accompanying index.   
These financial statements are the responsibility of the Plan's management. Our 
responsibility is to express an opinion on these financial statements based on  
our audits.                                                                     

We conducted our audits in accordance with generally accepted auditing          
standards. Those standards require that we plan and perform the audit to obtain 
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting 
the amounts and disclosures in the financial statements. An audit also includes 
assessing the accounting principles used and significant estimates made by      
management, as well as evaluating the overall financial statement presentation. 
We believe that our audits provide a reasonable basis for our opinion.          

In our opinion, the financial statements referred to above present fairly, in   
all material respects, the net assets available for benefits of ChemFirst Inc.  
401(k) Savings and Employee Stock Ownership Plan as of December 31, 1999 and    
1998, and the changes in net assets available for benefits for the years ended  
December 31, 1999, 1998, and 1997 in conformity with generally accepted         
accounting principles.                                                          

Our audits were performed for the purpose of forming an opinion on the basic    
financial statements taken as a whole. The supplemental schedule of assets held 
for investment purposes as of December 31, 1999 is not a required part of the   
basic financial statements but is 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 schedule  
is the responsibility of the Plan's management. The supplemental schedule has   
been subjected to the auditing procedures applied in the audit of the December  
31, 1999 basic financial statements and, in our opinion, is fairly stated in all
material respects in relation to the December 31, 1999 basic financial          
statements taken as a whole.                                                    

June 21, 2000                                                                   

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Statements of Net Assets Available for Benefits

December 31, 1999 and 1998

                                                                [Download Table]

                                                            1999          1998    
                                                        ------------  ------------
                                                                                  
Investments:                                                                      
     Mutual funds, at fair value (cost $34,636,243                                
        and $35,298,195, respectively)                  $ 38,986,147    37,976,352
     Participant loans, at cost which approximates                                
        fair value                                         1,636,526     2,113,205
     ChemFirst Inc. common stock, at fair value                                   
        (cost $7,354,499 and $7,968,854, respectively)                            
        (note 1(a))                                        8,882,843     9,207,944
     Placer Dome Inc. common stock,                                               
        at fair value (cost $473,268 and $547,614,                                
        respectively)                                      1,706,090     2,040,317
     Mississippi Chemical Corporation common stock,                               
        at fair value (cost $704,190 and $952,218,                                
        respectively) (note 1(a))                            192,660       574,518
                                                        ------------  ------------
                    Total investments                     51,404,266    51,912,336
                                                        ------------  ------------

Receivables:                                                                      
     Employers' contributions                                163,114       374,399
     Participants' contributions                               9,921       273,037
                                                        ------------  ------------
                    Total receivables                        173,035       647,436
                                                        ------------  ------------

                    Net assets available for benefits   $ 51,577,301    52,559,772
                                                        ============  ============

See accompanying notes to financial statements.                                 

2 

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

Statements of Changes in Net Assets Available for Benefits

 Years ended December 31, 1999, 1998, and 1997

                                                        [Enlarge/Download Table]

                                                YEAR ENDED     YEAR ENDED     YEAR ENDED  
                                               DECEMBER 31,   DECEMBER 31,   DECEMBER 31, 
                                                   1999           1998           1997     
                                               ------------   ------------   ------------ 
                                                                                          
Contributions (note 6):                                                                   
    Participants                               $  2,832,024      3,062,823      2,538,650 
    Employers                                     1,543,179      1,879,664      1,582,170 
                                               ------------   ------------   ------------ 
                Total contributions               4,375,203      4,942,487      4,120,820 
                                               ------------   ------------   ------------ 

Net investment income:                                                                    
    Interest income                                 258,014        205,011        180,292 

    Dividend income:                                                                      
      ChemFirst Inc. common stock                   185,197        187,617        185,331 
      Placer Dome Inc. common stock                   8,573             --             -- 
      Mississippi Chemical Corporation                                                    
         common stock                                11,793         19,408         32,507 
      Mutual funds                                3,181,387      2,568,072      3,667,340 
                                               ------------   ------------   ------------ 
                Total dividend income             3,386,950      2,775,097      3,885,178 
                                               ------------   ------------   ------------ 

    Realized gains (losses) on investments,                                               
      net (note 5):                                                                       
         Mutual funds                             1,202,623        414,069        609,712 
         ChemFirst Inc. common stock                449,756        440,434        916,031 
         Placer Dome Inc.                                                                 
            common stock                            147,297        220,096        544,213 
         Mississippi Chemical Corporation                                                 
            common stock                            (66,901)       (47,487)       (73,169)
                                               ------------   ------------   ------------ 
                Net realized gains                1,732,775      1,027,112      1,996,787 
                                               ------------   ------------   ------------ 

    Unrealized appreciation (depreciation)                                                
      of investments, net (note 8)                1,567,291     (4,168,548)      (297,879)

    Advisory fees                                   (71,502)       (79,692)      (133,698)
                                               ------------   ------------   ------------ 
                Net investment income (loss)      6,873,528       (241,020)     5,630,680 
                                               ------------   ------------   ------------ 

Rollovers (note 7)                                   88,799        770,718        522,231 

Transfers of ESOP participant account                                                     
    balances (note 1(b))                                 --             --      3,432,074 

Withdrawals and terminations, net                                                         
    of forfeitures                               (6,045,915)    (4,436,651)    (2,903,167)

Transfer of Callidus Technology, Inc.                                                     
    participant account balances (note 1(a))     (6,274,086)            --             -- 

Transfer of fertilizer business participant                                               
    account balances (note 1(a))                         --             --     (2,826,097)
                                               ------------   ------------   ------------ 
                Net increase (decrease) in                                                
                assets available for benefits      (982,471)     1,035,534      7,976,541 

Net assets available for benefits:                                                        
    Beginning of period                          52,559,772     51,524,238     43,547,697 
                                               ------------   ------------   ------------ 

    End of period                              $ 51,577,301     52,559,772     51,524,238 
                                               ============   ============   ============ 

See accompanying notes to financial statements.                                 

3 

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(1)    DESCRIPTION OF PLAN                                                      

     The following description of ChemFirst Inc. 401(k) Savings and Employee
Stock Ownership Plan (the Plan) provides only general information.
Participants should refer to the Plan agreement for more complete 
information.                                                      

(a)    CHANGE IN ORGANIZATION OF PLAN'S SPONSOR                   

              In December 1996, First Mississippi Corporation contributed all of
         its assets and subsidiaries, other than those relating to its
              fertilizer business, to ChemFirst Inc. (the Company or ChemFirst),
    which at the time was a wholly-owned subsidiary of First
            Mississippi Corporation. First Mississippi Corporation then spun
        off ChemFirst Inc. in a tax-free distribution of ChemFirst's
              common stock to First Mississippi Corporation's shareholders. This
           distribution occurred immediately before and in connection with
           the merger of First Mississippi Corporation with a wholly-owned
            subsidiary of Mississippi Chemical Corporation (MCC) on December
            24, 1996. The merger consideration consisted of 0.3340026 shares
        of MCC stock in exchange for each share of First Mississippi
        Corporation stock. Cash was paid in settlement of fractional
       shares. In addition, First Mississippi Corporation debt was
           refinanced and increased to approximately $150,000,000 and then
        assumed by MCC. After the refinancing and payment of certain
          expenses, cash of approximately $50,000,000 was transferred to
             ChemFirst. These transactions were accounted for as a disposal of
          the fertilizer business of First Mississippi Corporation and a
       name change to ChemFirst Inc. The name of the Plan was also
          changed and the Plan's fiscal year was changed from June 30 to
          December 31. Effective December 31, 1999, the Company sold its
           wholly owned subsidiaries, Callidus Technology, Inc. and Plasma
         Energy Corporation. In connection with the spin-offs, certain
participant accounts were transferred from the Plan.

(b)    GENERAL                                                    

           The ChemFirst Inc. 401(k) Savings Plan became effective July 1,
         1974. The ChemFirst Inc. Employee Stock Ownership Plan became
             effective January 1, 1978. The two plans were merged and restated
             as the ChemFirst Inc. 401(k) Savings and Employee Stock Ownership
          Plan effective January 1, 1997. The 401(k) Savings Plan is the
surviving plan.                                     

             The Plan is a defined contribution plan subject to the provisions
              of the Employee Retirement Income Security Act of 1974, as amended
             (ERISA). The Plan currently covers substantially all employees of
the Company and its subsidiaries.                   

(c)    PARTICIPATION                                              

           Effective January 1, 1998, an employee becomes a participant in
              the Plan on the first day of employment. Prior to January 1, 1998,
  an employee was eligible to participate in the Plan on

                                                                     (Continued)

4 

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

            the first day of the month which coincided with or next followed
              the completion of six months of employment. Also effective January
            1, 1998, the Plan is available to all regular employees, defined
         as employees (whether full-time or part-time) hired to fill a
            specific position on a permanent basis and for whom the employer
           annually budgets compensation and benefits. Prior to January 1,
        1998, the Plan was available to all employee classifications
          except leased employees, temporary employees, and members of a
       legally recognized collective bargaining unit not expressly
           granted permission to participate. Temporary employees included
             co-op students and persons hired for a specific period of time, a
specific project, or group of assignments.          

(d)    CONTRIBUTIONS                                              

          The 401(k) provisions of the Plan allow deferral of tax by the
          participants on their contributions and earnings thereon. Plan
          participants may elect to contribute from 1% to 15% of monthly
        base pay to the Plan, subject to regulatory limitations. The
          Company matches these 401(k) contributions up to 4% of monthly
             base pay. At December 31, 1999, 1998, and 1997, 626, 849, and 809
       participants, respectively, were participating in the Plan.

             Additionally, the Company may elect to make a contribution to the
           Plan under the employee stock ownership provisions of the Plan.
      The contribution, if any, will be an amount determined and
           authorized by the Board of Directors of the Company and will be
              allocated by the ratio of each eligible participant's compensation
   to the total compensation of all eligible participants.

(e)    INVESTMENT OPTIONS                                         

         Participants may elect to have their 401(k) contributions and
         allocated earnings thereon invested in any combination of the
following investment programs:                      

               (i)    Capital Preservation Fund - Seeks to provide maximum
                         current income that is consistent with the preservation
of capital.                   

                (ii)   Short-term Stability Fund - Seeks to preserve capital
               and modestly out perform inflation over time.

              (iii)  Mid-term Balanced Fund - Seeks income and long-term
                         growth of principal and income through investment in U.
        S. and international stocks and bonds.

              (iv)   Vanguard Index 500 Fund - Seeks long-term growth of
    capital and income from dividends.

                  (v)    Long-term Growth Fund - Seeks growth potential over the
                  long-term by investing in stocks of larger U. S.
           corporations and international companies.

                 (vi)   Aggressive Growth Fund - Primarily invests in small to
                    medium size companies, including emerging markets.

         (vii)  T. Rowe Price International Stock Fund - Seeks
                    long-term capital growth by investing primarily in
                established foreign companies that have strong
                      performance records, as well as attractive long-term
prospects.                    
                                                                     (Continued)

5 

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

            (viii) ChemFirst Inc. common stock (includes Mississippi
                 Chemical Corporation common stock subsequent to
     December 23, 1996 - see note 1(a)).

                (ix)   Placer Dome Inc. (formerly Getchell Gold Corporation)
                    common stock (as of October 20, 1995, participants
                        could no longer elect to allocate new contributions to
this investment program).     

      Any contributions for which a participant does not make an
         investment election are deposited in the Short-term Stability
Fund.                                               

              Employee Stock Ownership Plan (ESOP) contributions are invested in
ChemFirst Inc. common stock.                        

            In addition to the investment options listed above, the Employee
    Benefits Committee may authorize establishing additional
     investment options consisting of such other securities or
          professionally managed funds as may be determined by unanimous
      action of the Committee. Notice of any such action must be
           communicated in writing to each participant. The following is a
            summary of the number of participants whose 401(k) contributions
are invested in each investment option:             

                                                        [Enlarge/Download Table]


                            CAPITAL       SHORT-TERM       MID-TERM        VANGUARD        LONG-TERM      AGGRESSIVE   
                         PRESERVATION      STABILITY       BALANCED         INDEX 500       GROWTH          GROWTH     
                             FUND            FUND            FUND            FUND            FUND            FUND      
                         --------------  --------------  --------------  --------------  --------------  --------------
                                                                                                                       
Number of participants:                                                                                                
     December 31, 1999            55             289             373           183               543             184   
     December 31, 1998            57             459             547            --               746             234   
     December 31, 1997            34             458             487            --               654             164   


                                                                 PLACER                                                
                           T. ROWE PRICE   CHEMFIRST INC.      DOME INC.                                               
                           INTERNATIONAL       COMMON            COMMON                                                
                           STOCK FUND           STOCK            STOCK                                                 
                         ---------------   ----------------   -------------                                            
                                                                                                                       
Number of participants:                                                                                                
     December 31, 1999           43                  432             178                                               
     December 31, 1998           --                  439             184                                               
     December 31, 1997           --                  394             207                                               

                                                        [Enlarge/Download Table]

                                                            EMPLOYERS' CONTRIBUTIONS                                   
                         ----------------------------------------------------------------------------------------------

                            CAPITAL       SHORT-TERM       MID-TERM        VANGUARD        LONG-TERM      AGGRESSIVE   
                         PRESERVATION      STABILITY       BALANCED         INDEX 500       GROWTH          GROWTH     
                             FUND            FUND            FUND            FUND            FUND            FUND      
                         --------------  --------------  --------------  --------------  --------------  --------------
                                                                                                                       
Number of participants:                                                                                                
     December 31, 1999            55             302             374           184               542             183   
     December 31, 1998            57             489             550            --               744             235   
     December 31, 1997            35             485             487            --               656             164   


                                       EMPLOYERS' CONTRIBUTIONS                                                        
                         ---------------------------------------------------                                           
                                                                  PLACER                                               
                            T. ROWE PRICE   CHEMFIRST INC.      DOME INC.                                              
                            INTERNATIONAL       COMMON            COMMON                                               
                            STOCK FUND           STOCK            STOCK                                                
                          ---------------   ----------------   -------------                                           
                                                                                                                       
Number of participants:                                                                                                
     December 31, 1999            43                  453             185                                              
     December 31, 1998            --                  445             201                                              
     December 31, 1997            --                  404             230                                              

(f)    LOANS                                                      

             The Plan provides for participant loans. A participant can borrow
             up to 50% of the participant's vested 401(k) account balance, not
             to exceed $50,000 less the participant's highest outstanding loan
              balance during the previous twelve months. The minimum loan amount
      is $1,000 per loan, and three loans per participant may be
      outstanding at any time. The interest rate charged on loan
         balances is equal to the prime rate plus 1%, and the interest
       charged is credited to the borrowing participant's account.
         Maturities cannot exceed five years, except for loans made to
           purchase a primary residence, in which case the maturity cannot
            exceed 10 years. The participant must pay a $50 set-up fee and a
$2.50 monthly administrative fee for each loan.     

                                                                     (Continued)

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(g)    PARTICIPANT ACCOUNTS                                       

              Individual accounts are maintained for each participant to reflect
           the participants' contributions, related matching contribution,
         and allocated earnings or losses thereon. The fund investment
             options selected by participants allocate income or loss based on
           participant shares held in a particular fund investment option.
              The benefit to which a participant is entitled is the benefit that
          can be provided from the participant's vested account balance.

(h)    VESTING                                                    

        Participants' 401(k) contributions and allocated earnings or
            losses thereon are fully vested at all times and are not subject
             to forfeiture for any reason. Employers' 401(k) contributions and
   allocated earnings or losses thereon fully vest after a
  participant completes three years of service or upon a
           participant's retirement, disability or death, whichever occurs
first.                                              

(i)    FORFEITURES                                                

 A participant's forfeiture of their employers' 401(k)
           contributions may be used to pay plan expenses and/or to reduce
    employers' 401(k) contributions in the year in which the
forfeitures are determined to occur.                

             A participant's forfeiture of their ESOP account balances is used
           to reduce the Company's ESOP contributions in the year in which
the forfeitures are determined to occur.            

(j)    BENEFITS                                                   

             Benefits are generally payable on termination, retirement, death,
      or disability. Benefits may be paid by either (a) lump-sum
          payment, (b) deferred payment, or (c) installment payments, as
     requested by the participant. The benefit payment options
             available to participants depend on the reason for the separation
from service.                                       

(k)    ADMINISTRATIVE EXPENSES                                    

             Administrative expenses, with the exception of advisory fees, are
       generally paid by the Company, but may be paid by the Plan.
             Advisory fees are for the management of the mutual funds in which
plan assets are invested and are paid by the Plan.  

                                                                     (Continued)

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(2)    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                               

(a)    BASIS OF PRESENTATION                                      

       The accompanying financial statements of the Plan have been
prepared on the accrual basis of accounting.        

(b)    DIVIDENDS                                                  

       Dividend income is recorded as of the dividend record date.

(c)    INVESTMENTS                                                

         Investments in cash and participant loans are stated at cost,
         which approximates fair value. Investments in ChemFirst Inc.,
        Placer Dome Inc. and Mississippi Chemical Corporation common
      stocks and mutual funds are stated at quoted market value.
              Investment transactions are accounted for on the trade date basis.

           The Plan does not require any collateral or other security from
the trustee to support the investments.             

(d)    USE OF ESTIMATES                                           

      The preparation of financial statements in conformity with
           generally accepted accounting principles requires management to
              make estimates and assumptions that affect the reported amounts of
        net assets and changes therein, and disclosure of contingent
          assets and liabilities. Actual results could differ from those
estimates.                                          

(e)    INCOME TAXES                                               

        In a determination letter dated April 19, 2000, the Internal
             Revenue Service held that the Plan is exempt from income taxes in
         accordance with applicable provisions of the Internal Revenue
             Code. It also held that participant income taxes on contributions
            and earnings are deferred until such amounts are received by the
participant or a beneficiary.                       

           The Plan has been amended since the effective date of the April
         19, 2000 determination letter. The amended Plan documents are
           being submitted to the Internal Revenue Service for a letter of
           determination that the Plan continues to qualify as exempt from
             Federal taxes. In the opinion of the Plan Administrator, the Plan
          has operated within the terms of the Plan and is qualified and
            exempt under the applicable requirements of the Internal Revenue
Code.                                               

                                                                     (Continued)

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(f)    SALES OF INVESTMENTS                                       

             The cost of stock and mutual fund shares sold is determined based
            on the average cost of the shares. The cost of other investments
     is determined based on the individual cost of each issue.

(g)    PAYMENT OF BENEFITS                                        

Benefits are recorded when paid.                    

(3)    VOTING RIGHTS                                                            

       All common stock allocated to participants' accounts carries with it full
   voting privileges and any other rights that the stock might have. The
     Trustee votes such stock in accordance with the written instructions of
       the participants. Unallocated stock is voted by the Trustee as instructed
by the Employee Benefits Committee.                               

(4)    ACQUISITION LOANS                                                        

      The Trustee may incur acquisition loans from time to time to finance the
     acquisition of ChemFirst Inc. common stock (ESOP financed shares) or to
repay a prior acquisition loan. Acquisition loans are to be for a 
      specific term, bear a reasonable rate of interest and are not payable on
       demand except in the event of default. An acquisition loan may be secured
only by a pledge of the shares acquired.                          

    Financed shares are allocated to the participants only as payments are
made on the acquisition loan.                                     

      As of December 31, 1999 and 1998, no acquisition loans had been incurred
by the Plan.                                                      

                                                                     (Continued)

9 

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(5)    INVESTMENT SALES                                                         

     A summary follows of net realized gains on sales of investments for the
years ended December 31, 1999, 1998, and 1997:                    

                                                                [Download Table]

                      PROCEEDS       CARRYING     NET REALIZED
                     FROM SALES       VALUE          GAINS    
                    ------------   ------------   ------------
                                                              
December 31, 1999                                             
    Common stock    $  2,416,388      1,886,236        530,152
    Mutual funds      17,664,528     16,461,905      1,202,623
                    ------------   ------------   ------------

                    $ 20,080,916     18,348,141      1,732,775
                    ============   ============   ============

December 31, 1998                                             
    Common stock    $  2,016,554      1,403,511        613,043
    Mutual funds       9,812,895      9,398,826        414,069
                    ------------   ------------   ------------

                    $ 11,829,449     10,802,337      1,027,112
                    ============   ============   ============

December 31, 1997                                             
    Common stock    $  3,621,693      2,234,618      1,387,075
    Mutual funds      12,774,245     12,164,533        609,712
                    ------------   ------------   ------------

                    $ 16,395,938     14,399,151      1,996,787
                    ============   ============   ============

                                                                     (Continued)

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(6)    PARTICIPANTS' AND EMPLOYERS' 401(k) AND ESOP CONTRIBUTIONS               

A summary follows of contributions by company for the years ended 
December 31, 1999, 1998, and 1997:                                

                                                                [Download Table]

                                    PARTICIPANTS'     EMPLOYERS'  
                                    CONTRIBUTIONS    CONTRIBUTION 
                                   --------------   --------------
                                                                  
December 31, 1999                                                 
    ChemFirst Inc.                 $      413,399          219,899
    First Chemical Corporation            922,085          452,340
    Quality Chemicals, Inc.               392,711          234,485
    FirstMiss Steel Inc.                  143,605           95,006
    EKC Technology, Inc.                  358,466          184,177
    Callidus Technologies, Inc.           601,758          357,272
                                   --------------   --------------

                                   $    2,832,024        1,543,179
                                   ==============   ==============

December 31, 1998                                                 
    ChemFirst Inc.                 $      406,543          246,998
    First Chemical Corporation            951,337          530,221
    Plasma Energy Corporation              24,789           12,902
    Quality Chemicals, Inc.               408,413          289,504
    FirstMiss Steel Inc.                  171,030          112,591
    EKC Technology, Inc.                  347,205          195,407
    Callidus Technologies, Inc.           753,506          492,041
                                   --------------   --------------

                                   $    3,062,823        1,879,664
                                   ==============   ==============

December 31, 1997                                                 
    ChemFirst Inc.                 $      332,091          212,204
    First Chemical Corporation            790,443          455,124
    Plasma Energy Corporation              68,653           37,961
    Quality Chemicals, Inc.               373,405          253,225
    FirstMiss Steel Inc.                  143,018          100,204
    EKC Technology, Inc.                  215,716          117,703
    Plasma Procesing Corporation            9,881            6,681
    Callidus Technologies, Inc.           605,443          399,068
                                   --------------   --------------

                                   $    2,538,650        1,582,170
                                   ==============   ==============

                                                                     (Continued)

11

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(7)    ROLLOVERS AND TRANSFERS                                                  

 During the years ended December 31, 1999, 1998, and 1997 assets and
       participant accounts were rolled over or transferred from other qualified
employee benefit plans to the Plan as follows:                    

                                                                [Download Table]

                               YEAR ENDED     YEAR ENDED     YEAR ENDED 
                              DECEMBER 31,   DECEMBER 31,   DECEMBER 31,
                                  1999           1998           1997    
                              ------------   ------------   ------------
                                                                        
ChemFirst Inc.                $         --          2,065          2,224
First Chemical Corporation          27,982         30,113        153,165
Plasma Energy Corporation               --             --         39,948
Quality Chemicals, Inc.              7,045         27,486             --
FirstMiss Steel Inc.                 4,613          3,568         59,897
EKC Technology, Inc.                14,043        394,903          9,669
Callidus Technologies, Inc.         35,116        312,583        257,328
                              ------------   ------------   ------------

                              $     88,799        770,718        522,231
                              ============   ============   ============

(8)    UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENTS                    

 During the years ended December 31, 1999, 1998, and 1997 unrealized
   appreciation (depreciation) of the Plan's investments was as follows:

                                                                [Download Table]

                                    YEAR ENDED      YEAR ENDED      YEAR ENDED  
                                   DECEMBER 31,    DECEMBER 31,    DECEMBER 31, 
                                       1999            1998            1997     
                                   ------------    ------------    ------------ 
                                                                                
Mutual funds                       $  1,671,748         738,636         551,628 
ChemFirst Inc. common stock             289,254      (4,688,552)      1,362,994 
Placer Dome Inc. common stock          (259,881)       (126,176)     (1,869,383)
Mississippi Chemical Corporation                                                
    common stock                       (133,830)        (92,456)       (343,118)
                                   ------------    ------------    ------------ 

                                   $  1,567,291      (4,168,548)       (297,879)
                                   ============    ============    ============ 

                                                                     (Continued)

12

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(9)    PLAN INVESTMENTS                                                         

The following investments exceeded 5% of net assets available for 
benefits at December 31, 1999 and 1998:                           

                                                        [Enlarge/Download Table]

                                                     DECEMBER 31, 1999                 
                                     --------------------------------------------------
                                         SHARES                                        
                                        OR FACE                            CURRENT     
                                         AMOUNT            COST             VALUE      
                                     ---------------  ---------------   ---------------
                                                                                       
Mutual funds:                                                                          
    Frank Russell Fixed Income III        388,666       $3,147,872         3,247,809   
    Frank Russell Equity I                 87,968        2,726,839         3,295,290   
    Vanguard Index 500 Fund                31,053        3,741,289         4,202,371   
    Frank Russell Equity Q                275,981        9,990,894        11,467,021   
    Charles Schwab Retirement Money     3,165,384        3,165,384         3,165,384   
ChemFirst Inc. common stock*              406,069        7,354,499         8,882,843   

                                                        [Enlarge/Download Table]

                                                    DECEMBER 31, 1998                 
                                    --------------------------------------------------
                                        SHARES                                        
                                       OR FACE                            CURRENT     
                                        AMOUNT            COST             VALUE      
                                    ---------------  ---------------   ---------------
                                                                                      
Mutual funds:                                                                         
    Frank Russell Fixed Income III       443,452       $4,334,304         4,532,082   
    Frank Russell Equity I               126,513        3,754,867         4,449,467   
    Frank Russell Equity II               96,080        2,848,589         2,972,709   
    Frank Russell Equity Q               329,825       11,172,110        13,265,566   
ChemFirst Inc. common stock*             466,225        7,968,854         9,207,944   

*Nonparticipant-directed                                                        

(10)   PLAN TERMINATION                                                         

    Although it has not expressed any intent to do so, the Company has the
      right under the Plan to discontinue its contributions at any time and to
     terminate the Plan subject to the provisions of ERISA. However, no such
     action may deprive any participant or beneficiary under the Plan of any
vested right.                                                     

                                                                     (Continued)

13

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(11)  INVESTMENT OPTION ALLOCATION                                              

      The allocation of net assets available for benefits to investment option
as of December 31, 1999 and 1998 follows:                         

                                                        [Enlarge/Download Table]

                                                CAPITAL      SHORT-TERM     MID-TERM      VANGUARD      LONG-TERM  
                                              PRESERVATION   STABILITY      BALANCED     INDEX 500        GROWTH   
                                                  FUND          FUND          FUND          FUND           FUND    
                                              ------------  ------------  ------------  ------------   ------------
                                                                                                                   
December 31, 1999                                                                                                  
   Mutual funds                               $  3,165,384     4,466,150     7,823,507     4,202,371     17,245,721
   Participant loans                                75,245       693,775       865,090       (41,325)       305,195
   ChemFirst Inc. common stock                          --            --            --            --             --
   Placer Dome Inc. common stock                        --            --            --            --             --
   Mississippi Chemical Corporation                                                                                
      common stock                                      --            --            --            --             --
                                              ------------  ------------  ------------  ------------   ------------
           Total investments                     3,240,629     5,159,925     8,688,597     4,161,046     17,550,916

   Contributions receivable                          1,567         3,023         2,984            35          5,920
                                              ------------  ------------  ------------  ------------   ------------

           Net assets available for benefits  $  3,242,196     5,162,948     8,691,581     4,161,081     17,556,836
                                              ============  ============  ============  ============   ============

December 31, 1998                                                                                                  
   Mutual funds                               $  1,094,822     5,661,904    10,494,318            --     19,363,718
   Participant loans                                91,793       816,991       803,780            --        494,560
   ChemFirst Inc. common stock                          --            --            --            --             --
   Placer Dome Inc. common stock                        --            --            --            --             --
   Mississippi Chemical Corporation                                                                                
      common stock                                      --            --            --            --             --
                                              ------------  ------------  ------------  ------------   ------------
           Total investments                     1,186,615     6,478,895    11,298,098            --     19,858,278

   Contributions receivable                         14,775        43,009       101,702            --        194,283
                                              ------------  ------------  ------------  ------------   ------------

           Net assets available for benefits  $  1,201,390     6,521,904    11,399,800            --     20,052,561
                                              ============  ============  ============  ============   ============

                                                        [Enlarge/Download Table]

                                               AGGRESSIVE      T. ROWE      CHEMFIRST INC.  PLACER DOME                
                                                 GROWTH      PRICE INTL.       COMMON           INC.                   
                                                  FUND        STOCK FUND        STOCK       COMMON STOCK     COMBINED  
                                              ------------   ------------    ------------   ------------   ------------
                                                                                                                       
December 31, 1999                                                                                                      
   Mutual funds                                  1,867,152        215,862              --             --     38,986,147
   Participant loans                               (40,728)        (5,729)       (212,410)        (2,587)     1,636,526
   ChemFirst Inc. common stock                          --             --       8,882,843             --      8,882,843
   Placer Dome Inc. common stock                        --             --              --      1,706,090      1,706,090
   Mississippi Chemical Corporation                                                                                    
      common stock                                      --             --         192,660             --        192,660
                                              ------------   ------------    ------------   ------------   ------------
           Total investments                     1,826,424        210,133       8,863,093      1,703,503     51,404,266

   Contributions receivable                            270             29         159,207             --        173,035
                                              ------------   ------------    ------------   ------------   ------------

           Net assets available for benefits     1,826,694        210,162       9,022,300      1,703,503     51,577,301
                                              ============   ============    ============   ============   ============

December 31, 1998                                                                                                      
   Mutual funds                                  1,361,590             --              --             --     37,976,352
   Participant loans                                 8,065             --         (99,418)        (2,566)     2,113,205
   ChemFirst Inc. common stock                          --             --       9,207,944             --      9,207,944
   Placer Dome Inc. common stock                        --             --              --      2,040,317      2,040,317
   Mississippi Chemical Corporation                                                                                    
      common stock                                      --             --         574,518             --        574,518
                                              ------------   ------------    ------------   ------------   ------------
           Total investments                     1,369,655             --       9,683,044      2,037,751     51,912,336

   Contributions receivable                         38,118             --         255,549             --        647,436
                                              ------------   ------------    ------------   ------------   ------------

           Net assets available for benefits     1,407,773             --       9,938,593      2,037,751     52,559,772
                                              ============   ============    ============   ============   ============

                                                                     (Continued)

14

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(11)   CONTINUED                                                                

The allocation of changes in net assets available for benefits by 
    investment option for the years ended December 31, 1999, 1998 and 1997
follows:                                                          

                                                        [Enlarge/Download Table]

                                                     CAPITAL       SHORT-TERM       MID-TERM      VANGUARD       LONG-TERM   
                                                   PRESERVATION    STABILITY        BALANCED      INDEX 500        GROWTH    
                                                       FUND           FUND            FUND           FUND           FUND     
                                                   ------------   ------------    ------------   ------------   ------------ 
                                                                                                                             
Net assets available for benefits                                                                                            
   at December 31, 1996                            $  1,272,866      6,375,793       8,170,290             --     14,018,558 
      Participants' contributions                        27,535        296,112         598,227             --      1,194,152 
      Employers' contributions                           15,707        167,968         351,338             --        635,144 
      Net investment income (loss)                       43,803        309,188       1,151,391             --      3,291,070 
      Rollovers                                          57,265         36,916         108,041             --        265,937 
      Transfers of ESOP participant                                                                                          
         account balances                                    --             --              --             --             -- 
      Withdrawals and terminations, net              (1,183,496)      (397,064)       (371,589)            --       (803,209)
      Transfers due to participants' selection                                                                               
         of investment option                           853,500       (465,569)       (235,715)            --        456,777 
      Transfer of fertilizer business participant                                                                            
         account balances                                (6,559)      (609,596)       (636,283)            --     (1,457,836)
                                                   ------------   ------------    ------------   ------------   ------------ 

Net assets available for benefits at                                                                                         
   December 31, 1997                                  1,080,621      5,713,748       9,135,700             --     17,600,593 
      Participants' contributions                        53,841        298,347         693,491             --      1,437,942 
      Employers' contributions                           28,758        174,497         388,166             --        760,335 
      Net investment income (loss)                       39,933        335,018       1,387,388             --      2,097,709 
      Rollovers                                          86,877          2,583         130,463             --        320,812 
      Withdrawals and terminations, net              (1,333,916)      (561,337)       (671,548)            --       (921,472)
      Transfers due to participants' selection                                                                               
         of investment option                         1,245,276        559,048         336,140             --     (1,243,358)
                                                   ------------   ------------    ------------   ------------   ------------ 

Net assets available for benefits                                                                                            
   at December 31, 1998                               1,201,390      6,521,904      11,399,800             --     20,052,561 
      Participants' contributions                        50,358        235,458         596,485        376,140      1,131,445 
      Employers' contributions                         (139,364)       143,952         342,345        177,848        628,418 
      Net investment income (loss)                       81,618        144,879         922,308        574,033      3,725,730 
      Rollovers                                             736            948          13,095         19,043         43,968 
      Withdrawals and terminations, net              (1,147,487)    (1,290,113)     (1,033,630)      (157,589)    (1,388,626)
      Transfer of Callidus Technology, Inc.                                                                                  
         participant account balances                  (427,896)      (812,076)     (1,582,193)      (235,048)    (2,091,701)
      Transfers due to participants' selection                                                                               
         of investment option                         3,622,841        217,996      (1,966,629)     3,406,654     (4,544,959)
                                                   ------------   ------------    ------------   ------------   ------------ 

Net assets available for benefits                                                                                            
   at December 31, 1999                            $  3,242,196      5,162,948       8,691,581      4,161,081     17,556,836 
                                                   ============   ============    ============   ============   ============ 


                                                    AGGRESSIVE      T. ROWE      CHEMFIRST INC.  PLACER DOME                 
                                                      GROWTH       PRICE INTL.      COMMON           INC.                    
                                                       FUND        STOCK FUND        STOCK       COMMON STOCK     COMBINED   
                                                   ------------   ------------    ------------   ------------   ------------ 
                                                                                                                             
Net assets available for benefits                                                                                            
   at December 31, 1996                                 439,830             --       8,971,094      4,299,266     43,547,697 
      Participants' contributions                       176,995             --         245,629             --      2,538,650 
      Employers' contributions                           89,384             --         322,629             --      1,582,170 
      Net investment income (loss)                       81,471             --       2,080,923     (1,327,166)     5,630,680 
      Rollovers                                          32,422             --          21,650             --        522,231 
      Transfers of ESOP participant                                                                                          
         account balances                                    --             --       3,432,074             --      3,432,074 
      Withdrawals and terminations, net                 (12,473)            --        (117,301)       (18,035)    (2,903,167)
      Transfers due to participants' selection                                                                               
         of investment option                           565,426             --        (517,162)      (657,257)            -- 
      Transfer of fertilizer business participant                                                                            
         account balances                                    --             --        (115,654)          (169)    (2,826,097)
                                                   ------------   ------------    ------------   ------------   ------------ 

Net assets available for benefits at                                                                                         
   December 31, 1997                                  1,373,055             --      14,323,882      2,296,639     51,524,238 
      Participants' contributions                       296,482             --         282,720             --      3,062,823 
      Employers' contributions                          152,763             --         375,145             --      1,879,664 
      Net investment income (loss)                      (19,335)            --      (4,174,765)        93,032       (241,020)
      Rollovers                                         195,127             --          34,856             --        770,718 
      Withdrawals and terminations, net                (158,278)            --        (731,693)       (58,407)    (4,436,651)
      Transfers due to participants' selection                                                                               
         of investment option                          (432,041)            --        (171,552)      (293,513)            -- 
                                                   ------------   ------------    ------------   ------------   ------------ 

Net assets available for benefits                                                                                            
   at December 31, 1998                               1,407,773             --       9,938,593      2,037,751     52,559,772 
      Participants' contributions                       234,480         20,138         187,520             --      2,832,024 
      Employers' contributions                          118,692          9,631         261,657             --      1,543,179 
      Net investment income (loss)                      734,627         51,078         743,865       (104,610)     6,873,528 
      Rollovers                                           7,112          1,868           2,029             --         88,799 
      Withdrawals and terminations, net                (183,802)        (8,665)       (780,721)       (55,282)    (6,045,915)
      Transfer of Callidus Technology, Inc.                                                                                  
         participant account balances                  (246,832)       (29,772)       (822,241)       (26,327)    (6,274,086)
      Transfers due to participants' selection                                                                               
         of investment option                          (245,356)       165,884        (508,402)      (148,029)            -- 
                                                   ------------   ------------    ------------   ------------   ------------ 

Net assets available for benefits                                                                                            
   at December 31, 1999                               1,826,694        210,162       9,022,300      1,703,503     51,577,301 
                                                   ============   ============    ============   ============   ============ 

                                                                     (Continued)

15

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 Notes to Financial Statements

December 31, 1999, 1998 and 1997

(12)   SUBSEQUENT EVENT                                                         

      In February 2000, the Company sold its wholly owned subsidiary FirstMiss
       Steel, Inc. The former employees of FirstMiss Steel, Inc. have the option
to transfer their account balances into other qualified plans. A  
       determination has not yet been made on the ultimate effect this sale will
have on Plan assets.                                              

16

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

Plan Sponsor: ChemFirst Inc.
Plan Sponsor EIN: 64-0679456
Plan Number: 002

Item 27a - Schedule of Assets Held for Investment Purposes

 December 31, 1999

                                                        [Enlarge/Download Table]

                                                          SHARES OR                                     CURRENT      
                                                          FACE VALUE                   COST              VALUE       
                                                -------------------------------  -----------------  -----------------
                                                                                                                     
Mutual funds:                                                                                                        
    Baron Asset                                     0.7%               6,507        $   324,849            382,421   
    Frank Russell Emerging Markets                  4.7%             192,025          2,067,875          2,404,152   
    Frank Russell Equity I                          6.4%              87,968          2,726,839          3,295,290   
    Frank Russell Equity II                         5.0%              72,159          2,161,438          2,576,803   
    Frank Russell Equity Q                          22.2%            275,981          9,990,894         11,467,021   
    Frank Russell Fixed Income I                    2.4%              61,298          1,289,056          1,242,504   
    Frank Russell Fixed Income III                  6.3%             338,666          3,147,872          3,247,809   
    Frank Russell International                     2.5%              27,435          1,031,024          1,280,408   
    Frank Russell Real Estate Securities            1.5%              34,897            879,187            797,744   
    Managers Special Equity                         0.8%               4,622            289,353            422,505   
    Morley Stable Value                             3.9%             142,210          1,795,475          2,016,450   
    PBHG Growth                                     1.7%              18,600            488,304            881,281   
    Frank Russell Short Term Bond Fund              2.3%              66,955          1,228,418          1,207,196   
    Charles Schwab Retirement Money                 6.1%           3,165,384          3,165,384          3,165,384   
    T. Rowe Price International Stock Fund          0.4%              11,343            183,607            215,862   
    Vanguard Index 500 Fund                         8.1%              31,053          3,741,289          4,202,371   
    Warburg Pincus Emerging Markets                 0.4%              14,395            125,379            180,946   
                                                                                    -----------         ----------   
                                                                                     34,636,243         38,986,147   

Participant loans, interest rates of 8.75% to                                                                        
    10.0%, maturities from 1 month to 10 years      3.2%           1,636,526               --            1,636,526   

*ChemFirst Inc. common stock                        17.2%            406,069          7,354,499          8,882,843   

Getchell Gold Corporation common stock              3.3%             158,706            473,268          1,706,090   

Mississippi Chemical Corporation common stock       0.4%              31,137            704,190            192,660   
                                                                                    -----------         ----------   

                                                                                    $43,168,200         51,404,266   
                                                                                    ===========         ==========   

*   ChemFirst Inc. is a party-in-interest.                                      

See accompanying independent auditors' report.                                  

Note - Percentages are determined by dividing the fair value of investments by  
net assets available for benefits.                                

17

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Pursuant to the requirements of the Securities Exchange Act of 1934, the  
trustees (or other persons who administer the employee benefit plan) have duly  
caused this annual report to be signed on its behalf by the undersigned hereunto
duly authorized.                                                                

                                CHEMFIRST INC.
                                401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

Date: June  27, 2000                   /s/ J. Steve Chustz                      
                       -------------------------
             J. Steve Chustz
                                 Member, Employee Benefits Committee
Date: June 27, 2000                    /s/ William Kemp                         
                       -------------------------
          William Kemp
                                 Member, Employee Benefits Committee

Date: June 27, 2000                    /s/ George Simmons                       
                       -------------------------
            George Simmons
                                 Member, Employee Benefits Committee

Date: June 27, 2000                    /s/ R. Michael Summerford                
                       -------------------------
                   R. Michael Summerford
                                 Member, Employee Benefits Committee

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CHEMFIRST INC.
401(K) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN

 INDEX TO EXHIBITS

                                                                [Download Table]

EXHIBIT                                        
NUMBER            DESCRIPTION                  
-------           -----------                  
                                               
   23.1           Independent Auditors' Consent

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘11-K’ Filing	Date	First	Last	Other Filings

Changed as of / Corrected on:	5/1/02
Filed on:	6/28/00
	6/27/00	21
	6/21/00	4
	4/19/00	11
For Period End:	12/31/99	1	20	10-K405, ARS
	12/31/98	2	19	10-K405, 11-K, ARS
	1/1/98	7	8
	12/31/97	3	19	10-K, 11-K
	1/1/97	7		8-K
	12/31/96	18		10KT405, 11-KT
	12/24/96	7		S-8
	12/23/96	9
	10/20/95	9
				List all Filings

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Filing Submission 0000950134-00-005338 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Chemfirst Inc – ‘11-K’ for 12/31/99

On: Wednesday, 6/28/00, at 12:03pm ET · For: 12/31/99 · Accession #: 950134-0-5338 · File #s: 1-12547, 333-35221 · Correction: This Filing’s “Filed as of” Date was Corrected and “Changed as of” 5/1/02 by the SEC on 5/1/02. ®

Previous ‘11-K’: ‘11-K’ on 6/29/99 for 12/31/98 · Next: ‘11-K’ on 6/27/01 for 12/31/00 · Latest: ‘11-K’ on 6/28/02 for 12/31/01

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

11-K — Form11-Kfor Fiscal Year End December 31, 1999Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

On: Wednesday, 6/28/00, at 12:03pm ET · For: 12/31/99 · Accession #: 950134-0-5338 · File #s: 1-12547, 333-35221 · Correction: This Filing’s “Filed as of” Date was Corrected and “Changed as of” 5/1/02 by the SEC on 5/1/02. `®`

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

11-K — Form11-Kfor Fiscal Year End December 31, 1999
Document Table of Contents