El Paso Natural Gas Co – ‘11-K’ for 12/31/93

As of:  Wednesday, 6/29/94   ·   For:  12/31/93   ·   Accession #:  950134-94-751   ·   File #:  1-02700

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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,          25     94K 
                          Savings or Similar Plan                                
 2: EX-23.1     Consent of Coopers & Lybrand                           1      6K 

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

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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549 

FORM 11-K 

ANNUAL REPORT 
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 

(Mark One):                                                                     

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

   For the fiscal year ended December 31, 1993

OR  

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

         For the transition period from _______ to _______

Commission File No. 1-2700                                                      

A.     Full title of the plan and the address of the plan, if 
different from that of the issuer named below:                

      El Paso Natural Gas Company Retirement Savings Plan (herein referred
to as the "Plan")                                             

       B.     Name of issuer of the securities held pursuant to the plan and
the address of its principal executive office:                

   El Paso Natural Gas Company (herein referred to as the "Company")
One Paul Kayser Center                                        
100 North Stanton                                             
El Paso, Texas  79901                                         

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REQUIRED INFORMATION

Item 4.                                                                         

Financial Statements and Exhibits               

              (a)    Financial Statements and Supplemental Schedules for the
                   Year Ended December 31, 1993 and the Six Months Ended
December 31, 1992:                

Report of Independent Accountants               

Financial Statements:                           

                      Statement of Net Assets Available for Plan Benefits with
      Fund Information as of December 31, 1993

                      Statement of Net Assets Available for Plan Benefits with
      Fund Information as of December 31, 1992

                   Statement of Changes in Net Assets Available for Plan
               Benefits with Fund Information for the Year Ended
December 31, 1993                 

                   Statement of Changes in Net Assets Available for Plan
                     Benefits with Fund Information for the Six Months Ended
December 31, 1992                 

Notes to Financial Statements     

Supplemental Schedules:                         

Schedule I                        
                          Schedule of Assets Held for Investment Purposes as
of December 31, 1993    

Schedule II                       
                        Schedule of Reportable Transactions for the Year
Ended December 31, 1993 

(b)    Exhibits:                                

Consent of Coopers & Lybrand      

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INDEX OF FINANCIAL STATEMENTS AND EXHIBITS  

                                                        [Enlarge/Download Table]
                                                                                                      
(a)  Financial Statements and Supplemental Schedules for the Year Ended                               
     December 31, 1993 and the Six Months Ended December 31, 1992:                                    

     Report of Independent Accountants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2 

     Financial Statements:                                                                            

           Statement of Net Assets Available for Plan Benefits with Fund Information                  
                as of December 31, 1993  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3 

           Statement of Net Assets Available for Plan Benefits with Fund Information                  
                as of December 31, 1992  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4 

           Statement of Changes in Net Assets Available for Plan Benefits with Fund                   
                Information for the year ended December 31, 1993   . . . . . . . . . . . . . . . .  5 

           Statement of Changes in Net Assets Available for Plan Benefits with Fund                   
                Information for the six months ended December 31, 1992   . . . . . . . . . . . . .  6 

           Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7 

     Supplemental Schedules:                                                                          

           Schedule I - Schedule of Assets Held for Investment Purposes as of                         
                December 31, 1993  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 

           Schedule II - Schedule of Reportable Transactions                                          
                for the year ended December 31, 1993   . . . . . . . . . . . . . . . . . . . . . . 19 

(b)    Exhibits:                                                                                      
           Consent of Coopers & Lybrand  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 

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SIGNATURES

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

                           El Paso Natural Gas Company
                       Retirement Savings Plan

                         By    /s/ H. BRENT AUSTIN
                             H. Brent Austin
                               Senior Vice President and
                               Chief Financial Officer

Date:  June 27, 1994                                                            

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

FINANCIAL STATEMENTS
AND SUPPLEMENTAL SCHEDULES
AND REPORT OF INDEPENDENT ACCOUNTANTS 

December 31, 1993 and 1992

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES 
AND REPORT OF INDEPENDENT ACCOUNTANTS 

INDEX 

                                                        [Enlarge/Download Table]

                                                                                                  Page 
                                                                                                  ---- 
                                                                                                       
Report of Independent Accountants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    2 

Financial Statements:                                                                                  
      Statement of Net Assets Available for Plan Benefits with Fund Information                        
           as of December 31, 1993  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    3 
      Statement of Net Assets Available for Plan Benefits with Fund Information                        
           as of December 31, 1992  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    4 

      Statement of Changes in Net Assets Available for Plan Benefits with Fund                         
           Information for the year ended December 31, 1993   . . . . . . . . . . . . . . . . . .    5 
      Statement of Changes in Net Assets Available for Plan Benefits with Fund                         
           Information for the six months ended December 31, 1992   . . . . . . . . . . . . . . .    6 

      Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    7 

Supplemental Schedules:                                                                                

      Schedule I - Schedule of Assets Held for Investment Purposes as of                               
           December 31, 1993  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   16 

      Schedule II - Schedule of Reportable Transactions                                                
           for the year ended December 31, 1993   . . . . . . . . . . . . . . . . . . . . . . . .   19 

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(COOPERS & LYBRAND LOGO)                                                        

REPORT OF INDEPENDENT ACCOUNTANTS   

The Board of Directors                                                          
El Paso Natural Gas Company                                                     

We have audited the the financial statements of the El Paso Natural Gas Company 
Retirement Savings Plan (the "Plan") as listed in the index on page 1.  These   
financial statements are the responsibility of the management of El Paso        
Natural Gas Company.  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 plan benefits as of         
December 31, 1993 and 1992, and the changes in net assets available for plan    
benefits for the year ended December 31, 1993 and the six months ended December 
31, 1992, in conformity with generally accepted accounting principles.          

Our audits were made for the purpose of forming an opinion on the basic Plan    
financial statements taken as a whole.  The supplemental schedules listed in    
the index on page 1 are presented for the purpose of additional analysis and    
are not a required part of the basic financial statements but are supplementary 
information required by the Department of Labor's Rules and Regulations for     
Reporting and Disclosure under the Employee Retirement Income Security Act of   
1974.  The Fund Information in the statements of net assets available for plan  
benefits and the statements of changes in net assets available for plan         
benefits is also presented for the purpose of additional analysis and is not a  
required part of the basic financial statements.  The aforementioned            
supplemental schedules and Fund Information have not been subjected to a        
separate audit and we express no separate opinion on such information.          
However, the aforementioned supplemental schedules and Fund Information have    
been subjected to the auditing procedures applied in the audit 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/ COOPERS & LYBRAND                                                           

El Paso, Texas                                                                  
June 20, 1994                                                                   

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION 

DECEMBER 31, 1993 

ASSETS

                                                        [Enlarge/Download Table]

                                                            Fund Information                                     
                                                            ----------------                                     
                                     Company        BR          S&P 500     International     OTC        Asset   
                        Income        Stock        Stock         Index         Equity        Equity    Allocation
                         Fund         Fund         Fund           Fund          Fund          Fund       Fund    
                       ---------    ---------    ---------     ----------   -------------  ----------  ----------
                                                                                                                 
Investments, at                                                                                                  
   fair value:                                                                                                   
   Company common                                                                                                
      stock                         $19,067,616                                                                  
   BR common stock                               $3,514,074                                                      
   Equity interest                                             $14,337,348  $3,317,467     $5,757,561  $8,852,739
   Loan Fund                                                                                                     
   Short-term cash                                                                                               
       investments    $  1,190,328      244,615                                                                  
Deposits with                                                                                                    
   insurance                                                                                                     
   companies at                                                                                                  
   contract value      164,850,410                                                                               
                      ------------  -----------  ----------    -----------  ----------     ----------  ----------
  Total investments    166,040,738   19,312,231   3,514,074     14,337,348   3,317,467      5,757,561   8,852,739
                      ------------  -----------  ----------    -----------  ----------     ----------  ----------
Dividends and                                                                                                    
   interest                                                                                                      
   receivable              951,511      142,345      12,080            120          49             88         281
Employer contributions                                                                                           
   receivable                1,935          437                        249          51            142         203
Participant contributions                                                                                        
   receivable                2,183          493                        281          58            161         229
                      ------------  -----------  ----------    -----------  ----------     ----------  ----------
  Total receivables        955,629      143,275      12,080            650         158            391         713
                      ------------  -----------  ----------    -----------  ----------     ----------  ----------
Total assets           166,996,367   19,455,506   3,526,154     14,337,998   3,317,625      5,757,952   8,853,452
                      ------------  -----------  ----------    -----------  ----------     ----------  ----------
Net assets available                                                                                             
   for Plan benefits  $166,996,367  $19,455,506  $3,526,154    $14,337,998  $3,317,625     $5,757,952  $8,853,452
                      ============  ===========  ==========    ===========  ==========     ==========  ==========

                                                                [Download Table]

                                      Fund Information        
                               -------------------------------
                                  Loan                        
                                  Fund               Total    
                               -----------       -------------
                                                              
Investments, at                                               
   fair value:                                                
   Company common                                             
      stock                                      $  19,067,616
   BR common stock                                   3,514,074
   Equity interest                                  32,265,115
   Loan Fund                   $11,904,356          11,904,356
   Short-term cash                                            
       investments                                   1,434,943
Deposits with                                                 
   insurance                                                  
   companies at                                               
   contract value                                  164,850,410
                               -----------        ------------
  Total investments             11,904,356         233,036,514
                               -----------        ------------
Dividends and                                                 
   interest                                                   
   receivable                                        1,106,474
Employer contributions                                        
   receivable                                            3,017
Participant contributions                                     
   receivable                                            3,405
                               -----------        ------------
  Total receivables                 --               1,112,896
                               -----------        ------------
Total assets                    11,904,356         234,149,410
                               -----------        ------------
Net assets available                                          
   for Plan benefits           $11,904,356        $234,149,410
                               ===========        ============

The accompanying notes are an integral part of these financial statements.  

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION 

December 31, 1992 

ASSETS

                                                        [Enlarge/Download Table]

                                                              Fund Information                               
                                                              ----------------                               
                                           Company         BR           S&P 500    International     OTC     
                             Income         Stock        Stock           Index        Equity        Equity   
                              Fund           Fund         Fund           Fund          Fund          Fund    
                           -----------    ----------   ---------      -----------  -------------  -----------
                                                                                                             
Investments, at                                                                                              
   fair value:                                                                                               
   Company common                                                                                            
      stock                               $13,380,871                                                        
   BR common stock                                     $8,434,080                                            
   Equity interest                                                    $10,953,396     $1,158,926  $3,025,439 
   Loan Fund                                                                                                 
   Short-term cash                                                                                           
       investments         $   2,713,761       74,521                                                        
Deposits with                                                                                                
   insurance                                                                                                 
   companies at                                                                                              
   contract value            160,599,007                                                                     
                            ------------  -----------  ----------     -----------     ----------  ---------- 
  Total investments          163,312,768   13,455,392   8,434,080      10,953,396      1,158,926   3,025,439 
                            ------------  -----------  ----------     -----------     ----------  ---------- 
Dividends and                                                                                                
   interest                                                                                                  
   receivable                  1,015,975      102,038      27,769              52             10          28 
Employer contributions                                                                                       
   receivable                    554,475       77,848                      47,677          9,322      20,067 
Participant contributions                                                                                    
   receivable                    591,327       84,953                      46,701          8,692      18,550 
                            ------------  -----------  ----------     -----------     ----------  ---------- 
  Total receivables            2,161,777      264,839      27,769          94,430         18,024      38,645 
                            ------------  -----------  ----------     -----------     ----------  ---------- 
Total assets                 165,474,545   13,720,231   8,461,849      11,047,826      1,176,950   3,064,084 
                            ------------  -----------  ----------     -----------     ----------  ---------- 
Net assets available                                                                                         
   for Plan benefits        $165,474,545  $13,720,231  $8,461,849     $11,047,826     $1,176,950  $3,064,084 
                            ============  ===========  ==========     ===========     ==========  ========== 

                                                                [Download Table]

                                            Fund Information               
                                            ----------------               
                                    Real                                   
                                   Estate         Loan                     
                                    Fund          Fund            Total    
                                  --------     -----------    -------------
                                                                           
Investments, at                                                            
   fair value:                                                             
   Company common                                                          
      stock                                                   $  13,380,871
   BR common stock                                                8,434,080
   Equity interest                $211,387                       15,349,148
   Loan Fund                                   $11,000,126       11,000,126
   Short-term cash                                                         
       investments                                                2,788,282
Deposits with                                                              
   insurance                                                               
   companies at                                                            
   contract value                                               160,599,007
                                  --------     -----------     ------------
  Total investments                211,387      11,000,126      211,551,514
                                  --------     -----------     ------------
Dividends and                                                              
   interest                                                                
   receivable                            4                        1,145,876
Employer contributions                                                     
   receivable                        2,206                          711,595
Participant contributions                                                  
   receivable                        2,522                          752,745
                                  --------     -----------     ------------
  Total receivables                  4,732        -               2,610,216
                                  --------     -----------     ------------
Total assets                       216,119      11,000,126      214,161,730
                                  --------     -----------     ------------
Net assets available                                                       
   for Plan benefits              $216,119     $11,000,126     $214,161,730
                                  ========     ===========     ============

The accompanying notes are an integral part of these financial statements.  

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND  
INFORMATION 

FOR THE YEAR ENDED DECEMBER 31, 1993

                                                        [Enlarge/Download Table]

                                                              Fund Information                                         
                                                              ----------------                                         
                                                Company          BR             S&P 500     International      OTC     
                               Income            Stock          Stock            Index          Equity        Equity   
                                Fund             Fund           Fund             Fund            Fund          Fund    
                          ----------------   -------------   -----------     ------------    -----------   ----------- 
                                                                                                                       
Dividends                                    $     546,260   $    65,135                                               
Interest                  $     11,391,093           8,528            16     $      1,826    $    28,059   $   640,987 
Net appreciation                                                                                                       
   (depreciation) in                                                                                                   
   the fair value of                                                                                                   
   investments                      --           2,328,575       953,842        1,215,936        662,699      (237,510)
                          ----------------   -------------   -----------     ------------    -----------   ----------- 
        Net investment                                                                                                 
          income                11,391,093       2,883,363     1,018,993        1,217,762        690,758       403,477 
Contributions:                                                                                                         
    Employer                     6,057,303       1,136,097        --              664,135        116,524       337,232 
    Participants                 6,447,784       1,237,649        --              707,546        123,490       360,960 
Net loan activity                  313,590        (708,167)       --               80,604         20,320        61,902 
Interfund transfers             (9,153,055)      2,511,662    (5,334,096)         916,233      1,267,874     1,815,299 
Benefits paid to                                                                                                       
   participants                (13,534,893)     (1,325,329)     (620,592)        (296,108)       (78,291)     (285,002)
                          ----------------   -------------   -----------     ------------    -----------   ----------- 
          Net increase -                                                                                               
            (decrease)           1,521,822       5,735,275    (4,935,695)       3,290,172      2,140,675     2,693,868 

Net assets available                                                                                                   
    for Plan benefits:                                                                                                 
    Beginning of period        165,474,545      13,720,231     8,461,849       11,047,826      1,176,950     3,064,084 
                          ----------------   -------------   -----------     ------------    -----------   ----------- 
   End of period          $    166,996,367   $  19,455,506   $ 3,526,154     $ 14,337,998    $ 3,317,625   $ 5,757,952 
                          ================   =============   ===========     ============    ===========   =========== 

                                                        [Enlarge/Download Table]

                                            Fund Information                          
                                            ----------------                          
                            Asset           Real                                      
                          Allocation       Estate            Loan                     
                             Fund           Fund             Fund            Total    
                          ------------   ---------      -------------   ------------- 
                                                                                      
Dividends                                                               $     611,395 
Interest                  $   244,669    $  (2,117)     $     945,817      13,258,878 
Net appreciation                                                                      
   (depreciation) in                                                                  
   the fair value of                                                                  
   investments                  64,921       2,371              --          4,990,834 
                          ------------   ---------      -------------   ------------- 
        Net investment                                                                
          income               309,590         254            945,817      18,861,107 
Contributions:                                                                        
    Employer                   149,678      16,289              --          8,477,258 
    Participants               151,633      17,033              --          9,046,095 
Net loan activity               19,797       9,552            202,402          --     
Interfund transfers          8,223,344    (247,261)             --             --     
Benefits paid to                                                                      
   participants                   (590)    (11,986)          (243,989)    (16,396,780)
                          ------------   ---------      -------------   ------------- 
          Net increase -                                                              
            (decrease)       8,853,452    (216,119)           904,230      19,987,680 

Net assets available                                                                  
    for Plan benefits:                                                                
    Beginning of period          --        216,119         11,000,126     214,161,730 
                          ------------   ---------      -------------   ------------- 
   End of period          $  8,853,452   $   --         $  11,904,356   $ 234,149,410 
                          ============   =========      =============   ============= 

The accompanying notes are an integral part of these financial statements.  

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND  
INFORMATION 

FOR THE SIX MONTHS ENDED DECEMBER 31, 1992

                                                        [Enlarge/Download Table]

                                                                     Fund Information                                
                                                                     ----------------                                
                                        Company          BR         S&P 500     International      OTC        Real   
                          Income         Stock         Stock         Index         Equity         Equity     Estate  
                           Fund           Fund          Fund         Fund           Fund           Fund       Fund   
                          ------        -------        -----        -------     -------------     ------     ------  
                                                                                                                     
Dividends                             $   195,887   $    60,007                 $   25,300     $  273,947            
Interest               $  6,143,908        23,483                 $    17,584        1,520          2,739   $     -- 
Net appreciation                                                                                                     
  (depreciation) in                                                                                                  
  the fair value of                                                                                                  
  investments                    --     2,921,427     1,151,286       442,176     (106,837)       181,634    (11,588)
                       ------------   -----------   -----------   -----------   ----------     ----------   -------- 
     Net investment                                                                                                  
       income             6,143,908     3,140,797     1,211,293       459,760      (80,017)       458,320    (11,588)
Contributions:                                                                                                       
  Employer                3,715,068       530,329            --       316,205       62,772        146,857     14,984 
  Participants            4,169,302       597,145            --       350,702       69,193        161,958     16,988 
Transfer from BR Plan   154,368,303     5,358,573    15,056,475     9,613,336      941,649      2,301,710    215,607 
Net loan activity           (81,137)     (270,941)           --        23,956       (1,128)         1,375     (4,094)
Interfund transfers       1,446,889     4,728,930    (7,271,728)      697,578      186,811        226,692    (15,172)
Benefits paid to                                                                                                     
  participants           (4,287,788)     (364,602)     (534,191)     (413,711)      (2,330)      (232,828)      (606)
                       ------------   -----------   -----------   -----------   ----------     ----------   -------- 
     Net increase       165,474,545    13,720,231     8,461,849    11,047,826    1,176,950      3,064,084    216,119 

Net assets available                                                                                                 
  for Plan benefits:                                                                                                 
  Beginning of period            --            --            --            --           --             --         -- 
                       ------------   -----------   -----------   -----------   ----------     ----------   -------- 
  End of period        $165,474,545   $13,720,231   $ 8,461,849   $11,047,826   $1,176,950     $3,064,084   $216,119 
                       ============   ===========   ===========   ===========   ==========     ==========   ======== 

                                                                [Download Table]

                                    Loan                       
                                    Fund              Total    
                                    ----              -----    
                                                               
Dividends                                         $    555,141 
Interest                         $   393,191         6,582,425 
Net appreciation                                               
  (depreciation) in                                            
  the fair value of                                            
  investments                             --         4,578,098 
                                 -----------      ------------ 
     Net investment                                            
       income                        393,191        11,715,664 
Contributions:                                                 
  Employer                                --         4,786,215 
  Participants                            --         5,365,288 
Transfer from BR Plan             10,274,966       198,130,619 
Net loan activity                    331,969                -- 
Interfund transfers                       --                -- 
Benefits paid to                                               
  participants                            --        (5,836,056)
                                 -----------      ------------ 
     Net increase                 11,000,126       214,161,730 

Net assets available                                           
  for Plan benefits:                                           
  Beginning of period                     --                -- 
                                 -----------      ------------ 
  End of period                  $11,000,126      $214,161,730 
                                 ===========      ============ 

The accompanying notes are an integral part of these financial statements.  

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 

1.       DESCRIPTION OF PLAN                                                    

      The El Paso Natural Gas Company Retirement Savings Plan (the "Plan")
        was established effective January 1, 1992 and implemented July 1, 1992
       in connection with the separation of El Paso Natural Gas Company (the
        "Company") from the Company's former parent, Burlington Resources Inc.
        ("BR").  On July 1, 1992, all investments in the BR Retirement Savings
     Plan ("BR Plan") related to the Company's participant accounts were
  transferred to the Plan.  The Plan is a successor to the defined
       contribution plan originally established by the Company on January 1,
1961.                                                         

The following description of the Plan provides only general   
     information.  Participants should refer to the Plan documents for a
more complete description of the Plan's provisions.           

General                                                       

       The Plan is a defined contribution plan covering all employees of the
     Company and controlled group affiliates, except members of any unit
       covered by a collective bargaining agreement.  The Plan is subject to
       the provisions of the Employee Retirement Income Security Act of 1974
("ERISA").                                                    

Contributions                                                 

       Participants may make basic contributions to the Plan on a before-tax
        or after-tax basis.  Federal income taxes on before-tax contributions,
      company matching contributions and the earnings from the investments
     in the Plan are deferred until amounts are withdrawn from the Plan.

     A participant may elect to make regular monthly basic contributions
        from two percent to eight percent (in whole percentage amounts) of his
     or her total eligible compensation.  The Company will make matching
     contributions equal to a participant's basic contributions of up to
      six percent of eligible compensation where the participant has fewer
       than ten years of employment with the Company, or up to eight percent
      of eligible compensation where the participant has ten or more years
       of employment.  In addition, if a participant has elected the maximum
        basic contribution eligible for a matching company contribution, he or
        she may make after-tax supplemental contributions to the Plan from one
     percent to five percent (in whole percentage amounts) of his or her
        eligible total compensation.  A participant may also elect to have all
  or a portion of the allocation available to him or her under the
     Company FlexPlan transferred to this Plan as flex contributions and
       may make an approved rollover contribution of a distribution received
        from another qualified employee benefit plan.  There are certain legal
limitations applicable to contributions to the Plan.          

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 
(Continued) 

1.       DESCRIPTION OF PLAN  (Continued)                                       

Participant Accounts                                          

Each participant's account is credited with the participant's 
contributions, the Company's matching contribution and the    
        participant's share of net earnings or losses of his or her respective
    investment funds elected under the Plan.  Net investment gains and
       losses in a particular investment fund are allocated in proportion to
  the respective participants' account balances in that fund.  The
        benefit to which a participant is entitled is solely that which can be
provided from the participant's account.                      

Vesting                                                       

        A participant's interest in his or her account under the Plan is fully
vested at all times.                                          

Payment of Benefits                                           

    Upon separation from service with the Company, a participant whose
   account balance has exceeded $3,500 may elect to receive either a
      lump-sum amount equal to the value of his or her account or to defer
        the distribution.  A deferred distribution may take the form of either
       a lump-sum distribution payable within, or installments payable over,
    a period which ends on or before April 1 of the year following the
calendar year in which the participant attains age 70-1/2.  A 
        participant whose account balance has never been more than $3,500 will
       receive an immediate lump-sum distribution of the amount equal to his
or her account balance.  Certain in-service withdrawals may be
available, as provided by the Plan.                           

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                             

Investments                                                   

  Pooled temporary investments and loans are carried at cost which
      approximates fair value.  Deposits with banks or insurance companies
      are carried at contract value.  All other investments are carried at
fair value as determined by quoted market prices.             

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 
(Continued) 

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)                

Investments (Continued)                                       

The following table presents the fair values of investments.  
   Investments that represent five percent or more of the Plan's net
assets are separately identified:                             

                                                                [Download Table]

                                             December 31, 1993    December 31, 1992
                                             -----------------    -----------------
                                                                                   
Investments at fair value:                                                         
   Equity interest:                                                                
      Company Stock Fund                   $       19,067,616   $       13,380,871 
      S&P 500 Index Fund                           14,337,348           10,953,396 
      Other                                        21,441,841           12,829,832 
   Loan Fund:                                                                      
      Participant Loans                            11,904,356           11,000,126 
   Other                                            1,434,943            2,788,282 
                                           ------------------   ------------------ 

                                                   68,186,104           50,952,507 
                                           ------------------   ------------------ 

Investments at contract value:                                                     
   Deposits with Insurance Companies                                               
      Bankers Trust Company BASIC                                                  
         #92407, 5.61%, matures 9/30/00            17,155,595           14,091,990 
      Metropolitan Life Insurance Company                                          
         #13264, 5.95%, matures 12/30/96           11,903,654           11,213,034 
      Prudential Insurance Company                                                 
         #GA6697, 8.15%, matures 11/20/00          13,315,089           14,582,699 
      Other                                       122,476,072          120,711,284 
                                           ------------------   ------------------ 

                                                  164,850,410          160,599,007 
                                           ------------------   ------------------ 

                                           $      233,036,514   $      211,551,514 
                                           ==================   ================== 

       The Plan presents in the Statement of Changes in Net Assets Available
for Plan Benefits with Fund Information the net appreciation  
       (depreciation) in the fair value of its investments which consists of
the realized gains (losses) and the unrealized appreciation   
(depreciation) on those investments.                          

        Purchases and sales of securities are reflected on a trade-date basis.
The basis of securities sold is determined by average cost.   

Investment Income                                             

        Dividend and interest income from investments is recorded as earned on
     an accrual basis and allocated to participants' accounts based upon
     each participant's proportionate share of assets in each investment
fund.                                                         

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 
(Continued) 

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)                

Investment Income  (Continued)                                

     Dividend income is reported in accordance with the Internal Revenue
 Service ("IRS") Form 5500 instructions.  This income represents
       dividend income for those funds holding equity securities, (i.e., the
Company Stock Fund and the BR Stock Fund).                    

Interest income represents income received from deposits with 
    insurance companies, short-term investments and dividends received
from funds invested in commingled equity funds.               

Expenses                                                      

        All administrative expenses and professional fees incurred by the Plan
      are borne by the Company, other than nominal charges for maintaining
     deferred accounts.  Any expenses directly relating to the purchase,
sale or transfer of the Plan's investments are charged to the 
particular investment fund to which the expense relates.      

3.       INVESTMENT OF FUNDS                                                    

       A participant can direct the investment of his or her account balance
        and contributions to any one or more of the following investment funds
except as specifically noted:                                 

       Company Stock Fund- invested entirely in common stock of the Company.
As with investments in any single stock, this fund may be more
        volatile (that is, more subject to larger up and down swings in value)
     than a fund that is diversified among the stocks of many companies.
    Participants who invest in the Company Stock Fund may instruct the
      trustee regarding the voting of the Company's common stock allocated
to the participant's accounts.                                

      BR Stock Fund- invested entirely in the common stock of BR which was
     transferred to the Plan from the BR Plan.  This fund is a temporary
        fund into which no new investment can be made and which will terminate
  June 30, 1994.  At the termination of the fund, the trustee will
        liquidate any remaining BR common stock and will reinvest the proceeds
       in the Company Stock Fund, unless another investment election is made
by the participant.                                           

Income Fund - invested primarily in a diversified portfolio of
 investment contracts offered by major insurance companies.  The
        contracts may also be placed with banks.  Each contract provides for a
specified rate of interest for the term of the contract.  The 
       contracts provide that there will not be a reduction in principal due
 to a change in interest rates.  However, like all of the Plan's
    investment funds, there is an element of risk to the participants.
  Many of the contracts are backed solely by the general credit or
   claims paying ability of the company issuing the contract.  Other
      contracts provide additional protection because they are invested in
  securities backed by the United States government.  This fund is
managed by PRIMCO Capital Management, Inc.                    

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 
(Continued) 

3.       INVESTMENT OF FUNDS  (Continued)                                       

       S&P 500 Index Fund - one measure of the stock market's performance is
 the "Standard and Poor's 500 Index," an index that measures the
     performance of the stocks of 500 large companies.  The fund invests
    primarily in those 500 stocks; consequently its performance should
       track closely with that index.  This fund is managed by Bankers Trust
Company.                                                      

       International Equity Fund - invested primarily in the stocks of major
      companies outside the United States.  The purpose of this fund is to
        invest in companies in locations and businesses around the world where
  economic conditions are favorable for growth.  Because of global
     monetary exchange, economic and political conditions, the risks and
  returns for this fund can vary significantly from investments in
        domestic stocks.  This fund invests in the publicly traded mutual fund
  known as the Vanguard World Fund-International Growth Portfolio,
    managed by Schroder Capital Management International, Inc. for the
Vanguard Group Inc.                                           

       Over-The-Counter ("OTC") Equity Fund- invested primarily in companies
        whose stock is not traded on one of the major stock exchanges (such as
      the New York or American Stock Exchange).  Many of these, therefore,
      are smaller and newer companies.  The long-range goal of the fund is
      to achieve substantial growth in the money invested.  No emphasis is
       placed on investing for dividend or interest income.  Smaller company
    stocks may be subject to more erratic swings than stocks of larger
       companies.  The managers of this fund may invest up to 100 percent of
  the fund's assets in interest-earning securities, such as United
  States Government bonds, on a temporary basis, when they believe
 market conditions warrant this type of conservatism.  This fund
      invests in the publicly traded mutual fund known as the Fidelity OTC
Portfolio, managed by Fidelity Management & Research Company. 

        Asset Allocation Fund- invested primarily in a portfolio that includes
      stocks, bonds and short-term instruments in a mixture reflecting the
   fund manager's determination of an appropriate allocation of fund
      assets among these securities based on current market conditions and
       the objective of seeking high total return with reduced risk over the
       long term.  This fund was made available for investment as of October
      1, 1993.  This fund invests in the publicly traded mutual fund known
 as the Fidelity Asset Manager, managed by Fidelity Management &
Research Company.                                             

    Real Estate Fund- this fund, which was invested in the PREFER Fund
      (Prime Real Estate of Employee Retirement) managed by Equitable Real
     Estate Investment Management, Inc., remained in existence until the
     close of business on September 30, 1993.  All remaining accounts in
      such fund at that date were transferred to other investment funds in
      accordance with elections made by participants or default rules that
apply in the absence of participant elections.                

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 
(Continued) 

3.       INVESTMENT OF FUNDS  (Continued)                                       

   The following number of participants were invested in the various
funds at December 31, 1993 and 1992:                          

                                                                [Download Table]

                                    Number of        
       Fund                       Participants       
       ----                       ------------       

                           1993                 1992 
                           ----                 ---- 
                                                     
Company Stock Fund         1,227                1,122
BR Stock Fund`               123                  274
Income Fund                2,552                2,710
S&P 500 Index Fund           747                  596
International Equity Fund    241                  136
OTC Equity Fund              458                  270
Asset Allocation Fund        428                    -
Real Estate Fund               -                   60

 Loan Fund - To obtain a loan, the participant must have a total
   account balance (excluding participant's IRA account) of at least
       $2,000.  Loan amounts may be from $1,000 to $50,000 but which may not
   be more that 50 percent of the total balance in the participant's
       account, excluding any Individual Retirement Account ("IRA") balance.
The 50 percent limit is reduced by the participant's highest  
       outstanding loan balance during the prior one-year period.  Each loan
        is made from, and repaid to, the borrowing participant's account so as
      not to affect the accounts of other participants.  A participant may
      not obtain more than one loan during any 12-month period and may not
       have more than two loans outstanding.  The interest rate on a loan is
    one percent above the prime rate, which is determined on the first
      business day of the month preceding the quarter in which the loan is
   taken.  The interest rate is fixed for the term of the loan.  The
        repayment period may be from one to five years.  Loans outstanding are
       included in the Loan Fund in the accompanying Statement of Net Assets
Available for Plan Benefits with Fund Information.            

4.       MUTUAL BENEFIT LIFE INSURANCE COMPANY                                  

  The Income Fund had investments in Mutual Benefit Life Insurance
     Company ("Mutual Benefit") of $6,694,959 and $6,591,098 at December
31, 1993 and 1992, respectively.  Mutual Benefit has been in  
       rehabilitation, under the control of the Commissioner of Insurance of
the State of New Jersey, since July 16, 1991.                 

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 
(Continued) 

4.       MUTUAL BENEFIT LIFE INSURANCE COMPANY  (Continued)                     

    On November 10, 1993, the Superior Court of New Jersey confirmed a
        plan of rehabilitation (the "Rehabilitation Plan") for Mutual Benefit.
    Under the Rehabilitation Plan, Mutual Benefit offered its contract
      holders the option either to accept restructured insurance contracts
   (opt-in), or to surrender their contracts for cash and receive an
       opt-out value of 55 percent of their account values on July 16, 1991.
    On March 28, 1994, an election to opt-in was made on behalf of the
     Plan by PRIMCO Capital Management, Inc., investment manager for the
Income Fund.                                                  

      Amounts invested in Mutual Benefit that become due are not available
  to investors because of the rehabilitation.  As a result, Mutual
       Benefit advised the Plan that the due dates on matured contracts have
  been extended.  The Plan has decided, based on guidance from the
      rehabilitator, to use an interest rate of three percent for 1993 and
        1992 for the extended contracts.  Once the Rehabilitation Plan becomes
 final, interest rates will be adjusted from January 1, 1992, as
       necessary.  Management does not believe that there will be a material
loss resulting from the Rehabilitation Plan.                  

5.       CONCENTRATION OF CREDIT RISK                                           

       The Plan invests in various investment funds, as described in Note 3,
based upon participant instructions.  The Income Fund held    
       approximately 71 percent and 76 percent of the invested assets of the
Plan at December 31, 1993 and December 31, 1992, respectively.
      Management believes that the funds' investments are well diversified
    and that no investment in any one company subjects the Plan to any
material concentration of credit risk.                        

6.       TAX STATUS                                                             

        The Plan is intended to be a qualified plan pursuant to Section 401(a)
of the Internal Revenue Code of 1986, as amended ("Code") and,
      accordingly, the trust established under the Plan to hold the Plan's
       assets is intended to be exempt from Federal income taxes pursuant to
    Section 501(a) of the Code.  Management has submitted to the IRS a
       request for ruling on the tax-qualified status of the Plan and trust,
and expects a favorable determination letter.                 

7.       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.  Upon
termination, the Plan's assets would be distributed to the    
       participants, as soon as possible and legally permitted, on the basis
  of their account balances existing at the date of termination as
adjusted for investment gains and losses.                     

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EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

NOTES TO FINANCIAL STATEMENTS 
(Continued) 

8.       RECONCILIATION WITH FORM 5500                                          

      Net assets shown in Items 31 and 32 of Form 5500 reflect a liability
       in a total amount of $1,663,545 and $2,349,119 in benefit claims that
 have been processed and approved but not paid by the Plan as of
       December 31, 1993 and December 31, 1992, respectively.  These amounts
are not considered Plan liabilities under generally accepted  
        accounting principles and, therefore, are not presented as liabilities
or benefits paid in the accompanying statements of Net Assets 
      Available for Plan Benefits with Fund Information and Changes in Net
Assets Available for Plan Benefits with Fund Information.     

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SUPPLEMENTAL SCHEDULES

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                                                                      SCHEDULE I
EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 

DECEMBER 31, 1993 

                                                                [Download Table]

                                              Number of                             
                                               Shares                               
                                             (Units) or                             
                                              Principal                             
                                              Amount of                             
                                              Bonds and                    Market   
                                                Notes        Cost          Value    
                                              ---------   ------------  ------------
                                                                                    
COMMON STOCK FUNDS                                                                  
 Company Stock Fund                              529,656  $ 14,062,922  $ 19,067,616
 BR Stock Fund                                    82,928     3,130,312     3,514,074
 Directed account cash fund                      244,615       244,615       244,615
                                                          ------------  ------------
               Total investments -                                                  
                    Common Stock Funds                      17,437,849    22,826,305
                                                          ------------  ------------

INCOME FUND                                                                         
Deposits with Insurance Companies                                                   

 John Hancock Mutual Life Insurance Company                                         
   #6433, 6.60%, matures 11/6/2007             2,665,467     2,665,467     2,665,467
 Confederation Life Insurance Co.                                                   
   #62667, 8.55%, matures 6/1/94               1,853,762     1,853,762     1,853,762
   #62668, 9.54%, matures 1/9/95               1,545,077     1,545,077     1,545,077
   #62670, 8.80%, matures 1/16/95                765,529       765,529       765,529
   #62671, 8.66%, matures 7/8/96                 735,662       735,662       735,662
   #62672, 8.88%, matures 7/8/98                 736,257       736,257       736,257
   #62673, 9.32%, matures 10/2/95              2,165,315     2,165,315     2,165,315
 Ohio National Life Insurance Co.                                                   
   #5472, 8.75%, matures 10/26/94              3,586,853     3,586,853     3,586,853
   #5473, 8.75%, matures 12/11/94              2,838,564     2,838,564     2,838,564
 Canada Life Assurance Company                                                      
   #45637, 8.98%, matures 12/15/94             1,772,219     1,772,219     1,772,219
   #45638, 8.60%, matures 3/26/94              3,764,117     3,764,117     3,764,117
   #45639, 9.32%, matures 10/2/95              2,164,786     2,164,786     2,164,786
 Commonwealth Life Insurance Co.                                                    
   #ADA00303ST, 4.52%, matures 3/31/94           700,064       700,064       700,064
   #ADA00444FR, 8.31%, matures 9/1/94          4,276,618     4,276,618     4,276,618
   #ADA08804LT, 7.18%, matures 6/29/94           644,345       644,345       644,345
 Mutual Benefit Life Insurance Co.                                                  
   #50204003, 3.00%, matures 12/29/03          2,228,908     2,228,908     2,228,908
   #50204002, 3.00%, matures 12/29/03          2,687,100     2,687,100     2,687,100
   #50204001, 3.00%, matures 12/29/03          1,778,951     1,778,951     1,778,951
 Mass Mutual Life Insurance Company                                                 
   #10514, 6.61%, matures 7/5/02               9,192,357     9,192,357     9,192,357
   #10733, 5.95%, matures 7/5/00               5,000,792     5,000,792     5,000,792
 Bankers Trust Company BASIC                                                        
   #92407, 5.61%, matures 9/30/00             17,155,595    17,155,595    17,155,595
 Hartford Life Insurance Company                                                    
   #9498, 5.46%, matures 12/19/94              4,966,061     4,966,061     4,966,061

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                                                                      SCHEDULE I
EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES  (CONTINUED)

DECEMBER 31, 1993 

                                                                [Download Table]

                                              Number of                            
                                               Shares                              
                                             (Units) or                            
                                              Principal                            
                                              Amount of                            
                                              Bonds and                  Market    
                                                Notes        Cost         Value    
                                              ---------   -----------  ------------
                                                                                   
INCOME FUND  (Continued)                                                           

Deposits with Insurance Companies  (Continued)                                     

 Metropolitan Life Insurance Company                                               
   #13264, 5.95%, matures 12/30/96            11,903,654   11,903,654   11,903,654 
 Prudential Insurance Company                                                      
   #GA7481, 5.94%, matures 9/30/98             4,734,976    4,734,976    4,734,976 
   #GA6697, 8.15%, matures 11/20/00           13,315,089   13,315,089   13,315,089 
   #GA7325-211, 7.57%, matures 5/1/97          4,795,655    4,795,655    4,795,655 
   #GA7325-212, 5.38%, matures 9/28/95         3,144,651    3,144,651    3,144,651 
 Aetna Life Insurance Company                                                      
   #14233-1990-001, 9.77%, matures 12/29/97    4,670,838    4,670,838    4,670,838 
   #14233-1991-001, 9.71%, matures 9/15/97     4,576,103    4,576,103    4,576,103 
   #14233-1991-002, 8.44%, matures 3/31/97     4,285,716    4,285,716    4,285,716 
 Continental Assurance                                                             
   #12800-036, 6.52%, matures 11/21/95         1,617,516    1,617,516    1,617,516 
   #12800-016, 7.75%, matures 5/24/94          2,574,694    2,574,694    2,574,694 
   #12800-026, 6.52%, matures 11/21/95           404,379      404,379      404,379 
   #12800-006, 8.57%, matures 4/1/97           4,454,121    4,454,121    4,454,121 
 State Mutual Life                                                                 
   #1955A01, 9.45%, matures 5/5/94             1,269,646    1,269,646    1,269,646 
   #1955A02, 8.44%, matures 6/3/96             2,982,334    2,982,334    2,982,334 
 Provident National Assurance                                                      
   #027-05307, 8.46%, matures 7/15/96          5,260,672    5,260,672    5,260,672 
   #028-05452, 5.08%, matures 7/31/97          6,948,001    6,948,001    6,948,001 
 United of Omaha Life                                                              
   #10383, 8.40%, matures 3/4/96               1,140,395    1,140,395    1,140,395 
 New York Life Insurance Co.                                                       
   #06749-001, 5.70%, matures 3/16/98          3,644,296    3,644,296    3,644,296 
   #06749-002, 5.62%, matures 5/14/98          3,091,460    3,091,460    3,091,460 
   #06749-003, 5.75%, matures 6/30/98          4,102,864    4,102,864    4,102,864 
 Allstate Life Insurance Co.                                                       
   #5529, 5.59%, matures 12/2/98               2,708,951    2,708,951    2,708,951 
                                                          -----------  ----------- 
   Total Deposits with Insurance Companies                164,850,410  164,850,410 
                                                          -----------  ----------- 
Temporary Investments                                                              

 Directed account cash fund                    1,190,328    1,190,328    1,190,328 
                                                          -----------  ----------- 
   Total investments - Income Fund                        166,040,738  166,040,738 
                                                          -----------  ----------- 

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                                                                      SCHEDULE I
EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES  (Continued)

December 31, 1993 

                                                                [Download Table]

                                      Number of                                
                                       Shares                                  
                                     (Units) or                                
                                      Principal                                
                                      Amount of                                
                                      Bonds and                      Market    
                                        Notes          Cost          Value     
                                      ---------        ----          -----     
                                                                               
LOAN FUND                                                                      

 Participant Loans, 7% to 12.5%       11,904,356      11,904,356     11,904,356
                                                    ------------   ------------
OTHER EQUITY SECURITIES                                                        

 S&P 500 Index Fund                       14,502       9,070,564     14,337,348
 International Equity Fund               245,556       2,768,981      3,317,467
 OTC Equity Fund                         238,507       5,658,561      5,757,561
 Asset Allocation Fund                   574,853       8,787,818      8,852,739
                                                    ------------   ------------
   Total equity securities                            26,285,924     32,265,115
                                                    ------------   ------------
               Total investments                    $221,668,867   $233,036,514
                                                    ============   ============

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                                                                     Schedule II
EL PASO NATURAL GAS COMPANY 
RETIREMENT SAVINGS PLAN 

SCHEDULE OF REPORTABLE TRANSACTIONS 

for the year ended December 31, 1993

                                                        [Enlarge/Download Table]
                                     Number of                                                        
                                    Transactions                                 Cost of              
                                    ------------       Purchase    Selling     Securities       Net   
                               Purchases      Sales      Price      Price         Sold       Gain/Loss
                               ---------      -----    --------    -------     ----------    ---------
                                                                                                      
Description of Securities                                                                             

Bankers Trust Company Pyramid                                                                         
   Directed Account Cash Fund        393       275   $80,337,727  $81,691,067   $81,691,067       --  

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Exhibit                                                 
Number                      Index to Exhibits           
-------                     -----------------           
                                                        
 23.1                       Consent of Coopers & Lybrand

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘11-K’ Filing		Date		First		Last			Other Filings
		6/30/94		15					10-Q
Filed on:		6/29/94
		6/27/94		4
		6/20/94		7
		3/28/94		18
For Period End:		12/31/93		1		24			10-K
		11/10/93		18
		10/1/93		16
		9/30/93		16
		12/31/92		2		19
		7/1/92		12
		1/1/92		12		18
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