UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended December 31, 2004
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from to
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Commission file number 001-16167
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A. Full title of the plan and the address of the plan, if different
from that of issuer named below:
MONSANTO SAVINGS AND INVESTMENT PLAN
B. Name of issuer of the securities held pursuant to the plan
and the address of its principal executive office:
MONSANTO COMPANY
800 North Lindbergh Blvd.
St. Louis, MO 63167
MONSANTO SAVINGS AND INVESTMENT PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
FOR THE PLAN YEAR ENDED DEC. 31, 2004
AND
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
MONSANTO SAVINGS AND INVESTMENT PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
TABLE OF CONTENTS
PAGE
Report of Independent Registered Public Accounting Firm 1
Financial Statements:
Statements of Net Assets Available for Benefits as of Dec. 31,
2004 and 2003 2
Statement of Changes in Net Assets Available for Benefits for the
Plan Year Ended Dec. 31, 2004 3
Notes to Financial Statements 4
Supplemental Schedules:
1. Assets Held for Investment as of Dec. 31, 2004 11
2. Schedule of Assets Held for Investment Acquired and Disposed of
Within the Plan Year Ended Dec. 31, 2004 32
3. Schedule of Reportable Transactions for the Plan Year Ended
Dec. 31, 2004 94
Supplemental Schedule 4 is omitted because of the absence
of the conditions under which it is required.
Signature 99
Exhibit Index 100
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Monsanto Company Employee Benefits Plan Committee
We have audited the accompanying statements of net assets available for
benefits of the Monsanto Savings and Investment Plan (the "Plan") as of Dec.
31, 2004 and 2003, and the related statement of changes in net assets
available for benefits for the year ended Dec. 31, 2004. 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 standards of the Public Company
Accounting Oversight Board (United States). 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
consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the
Plan's internal control over financial reporting. Accordingly, we express no
such opinion. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements,
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, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan as of Dec. 31,
2004 and 2003, and the changes in net assets available for benefits for the
year ended Dec. 31, 2004, in conformity with accounting principles generally
accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules listed in
the Table of Contents 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 supplemental information by fund in the
statements of net assets available for benefits and the statement of changes
in net assets available for benefits is presented for the purpose of
additional analysis rather than to present the net assets available for
benefits and changes in net assets available for benefits of the individual
funds. The supplemental schedules and supplemental information are the
responsibility of the Plan's management. Such supplemental schedules and
supplemental information have been subjected to the auditing procedures
applied in our audits of the basic financial statements and, in our opinion,
are fairly stated in all material respects when considered in relation to
the basic financial statements taken as a whole.
/s/ DELOITTE & TOUCHE LLP
St. Louis, Missouri
June 10, 2005
1
MONSANTO SAVINGS AND INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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(Dollars in thousands) AS OF DEC. 31,
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2004 2003
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Contributions receivable:
Employee $ 1,644 $ 1,318
Employer 554 469
Investment receivables 4,179 3,478
Investments:
Cash and temporary investments 28,289 31,330
Debt securities including U.S. Government securities 64,680 43,206
Common stock--Pfizer Corporation* 200,980 378,237
Common stock--Monsanto Company* 433,658 230,675
Common stock--Solutia Inc. 685 263
Common and preferred stock --other 366,594 316,229
Collective Investment Funds 191,055 142,552
Investment contracts 434,535 440,213
Loans to participants 17,042 16,761
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Total investments 1,737,518 1,599,466
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TOTAL ASSETS 1,743,895 1,604,731
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ESOP debt 18,288 23,125
Other liabilities 1,424 3,677
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TOTAL LIABILITIES 19,712 26,802
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NET ASSETS AVAILABLE FOR BENEFITS $1,724,183 $1,577,929
==========================
* Individual investment securities which represent 5 percent or more of net
assets available for benefits.
The above statements should be read in conjunction with the accompanying Notes to Financial Statements.
2
MONSANTO SAVINGS AND INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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(Dollars in thousands) YEAR ENDED
DEC. 31,
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2004
Contributions:
Employee $ 57,470
Employer 2,545
Investment Income (Loss):
Interest 27,852
Dividends 16,498
Net change in fair value of investments:
Debt securities 1,302
Common stock--Pfizer Corporation (71,803)
Common stock--Monsanto Company 215,565
Common stock--Solutia Inc. 478
Common and preferred stock--other 36,046
Collective Investment Funds 14,073
Interest income on loans to participants 789
Interest expense on ESOP debt (1,240)
Rollovers and transfers in/(out)--net:
Rollovers from other plans 7,582
Administrative expenses (4,383)
Withdrawals (156,520)
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NET INCREASE (DECREASE) IN NET ASSETS AVAILABLE FOR BENEFITS 146,254
NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR 1,577,929
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NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $1,724,183
==========
The above statement should be read in conjunction with the accompanying Notes to Financial Statements.
3
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2004
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NOTE 1. INFORMATION REGARDING THE PLAN
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GENERAL
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The following description of the Monsanto Savings and Investment Plan (the
"Plan" or the "SIP") provides only general information. Participants should
refer to the Plan document for a more complete description of the Plan's
provisions.
The Plan was established as of June 11, 2001, as a successor to a portion of
the Pharmacia Corporation Savings and Investment Plan ("Pharmacia Plan") for
the benefit of certain employees and former employees ("Transferred
Participants") of Monsanto Company ("Monsanto" or the "Company"). Effective
July 1, 2001, the assets of the Pharmacia Plan that were allocated to the
accounts of the Transferred Participants were transferred to the trust
established under the Plan. Also effective July 1, 2001, a portion of the
unallocated assets and liabilities (primarily debt) of the leveraged
employee stock ownership plan ("ESOP") component of the Pharmacia Plan were
transferred to the Plan.
Effective July 1, 2001, through June 30, 2002, the assets of the trust
established under the Plan were collectively invested with the assets of the
Pharmacia Plan in the Pharmacia Corporation and Monsanto Company Defined
Contribution and Employee Stock Ownership Master Trust (the "Master Trust").
Within the Master Trust, each participating plan was entitled to an interest
in the Master Trust's net assets and net earnings. As of June 30, 2002, the
Plan's proportionate interests in the total net assets of the Master Trust
was approximately 51 percent. Effective as of July 1, 2002: (i) assets and
liabilities from the Master Trust representing the Pharmacia Plan's interest
and obligations in and under the Master Trust were transferred to the
Pharmacia Savings Plan Master Trust and the Pharmacia Savings Plan ESOP
Trust for Pharmacia Common Stock; and (ii) Monsanto and the trustee of the
Plan entered into the Monsanto Company Defined Contribution and Employee
Stock Ownership Master Trust Agreement which continued the trust established
pursuant to the Plan and also continued a trust to hold assets under the
Plan. All assets in the Master Trust are held for the Plan.
ADMINISTRATION
--------------
Monsanto is the sponsor of the Plan. The Monsanto Employee Benefits Plans
Committee is responsible for administering plan operations in accordance
with the Employee Retirement Income Security Act of 1974 ("ERISA") and Plan
documents. The Monsanto Pension and Savings Funds Investment Committee is
responsible for monitoring Plan investments. The trustee of the Plan is The
Northern Trust Company.
PARTICIPANT ACCOUNTS
--------------------
The Plan is a contributory defined contribution profit sharing plan with
individual accounts for each participant. Employees who have attained age 18
are generally eligible to participate in the Plan as soon as
administratively possible. The cost of Plan administration is borne
partially by Plan participants and partially by Monsanto, as Plan sponsor.
Each participant's account is credited with the participant's contributions,
Company contributions and Plan earnings (losses). Participants' accounts are
valued on a daily basis. The benefit to which a participant is entitled is
the benefit that can be provided from the participant's vested account
balance.
CONTRIBUTIONS AND VESTING
-------------------------
The Plan provides for voluntary employee contributions generally ranging
from 1 percent to 25 percent of an employee's eligible pay. Employees have
an option to make before-tax contributions or after-tax contributions.
Subject to Internal Revenue Service ("IRS") discrimination tests,
contributions may be all before-tax, all after-tax, or a combination of
both. Generally, employee contributions to the Plan may be invested in 1
percent increments and allocated in any combination to the following
investment fund types: a fixed income fund, a balanced fund consisting of
both fixed income and equity securities, a growth and income equity fund, an
international equity fund, a growth equity fund, a U.S. equity index fund, a
treasury inflation-protected securities (TIPS) fund, a value equity fund, a
small cap growth equity fund, a small cap value equity fund, the Monsanto
Stock Fund and four asset allocation funds consisting of varying pre-set
mixes of certain of the aforementioned investment fund types. The four asset
allocation funds allow participants varying degrees of risk and return. As
of Jan. 2, 2004, certain limitations were imposed on investment transfers.
If participants transfer amounts out of the small cap growth equity fund,
the small cap value equity fund, the international equity fund, or the
Monsanto
4
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2004
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(Employee) Common Stock Fund, they will not be permitted to transfer any
amounts into such fund until at least 30 calendar days after the date of
their last transfer out of the fund. These trading limitations imposed on
Jan. 2, 2004, changed effective April 4, 2005 (see Note 8 -- Subsequent
Events for details of the change).
Prior to Aug. 14, 2002, contributions could also be invested in the
Pharmacia (Employee) Common Stock Fund, which invested in Pharmacia
Corporation common stock. Beginning Aug. 14, 2002, contributions could be
invested in the Monsanto (Employee) Common Stock Fund, which invests in
Monsanto common stock. See below for further discussion regarding the
spinoff of Monsanto by Pharmacia Corporation ("Pharmacia") and the
conversion of shares of Pharmacia common stock to shares of Monsanto common
stock. As a result of the spinoff in 1997 of Solutia Inc. ("Solutia"), a
former subsidiary of the former Monsanto Company, certain Transferred
Participants' accounts received common stock of Solutia. This stock is
maintained in the Solutia Non-Employer Stock Fund, and no contributions,
either employee or employer, subsequent to the spinoff can be made to this
fund.
On Aug. 13, 2002, Pharmacia completed a spinoff of Monsanto by distributing
its entire ownership interest via a tax-free dividend of shares of Monsanto
common stock to Pharmacia's shareowners. The shares of Monsanto common stock
received in respect of participants' accounts were deposited in the Monsanto
Common Stock Fund. Shares of Pharmacia common stock then held in
participants' accounts were transferred to the Pharmacia Non-Employer Stock
Fund, and no contributions, either employee or employer, subsequent to the
spinoff may be made to this fund. The Pharmacia common stock continued to be
held in the Pharmacia Non-Employer Stock Fund until April 16, 2003, at which
time the shares were exchanged for shares of common stock of Pfizer Inc.
("Pfizer") as a result of the acquisition of Pharmacia by Pfizer. The ratio
was 1.4 shares of Pfizer stock for one share of Pharmacia stock. As a result
of this acquisition, all of the shares of common stock of Pharmacia held in
the Pharmacia Non-Employer Stock Fund were exchanged for shares of common
stock of Pfizer, and the Pharmacia Non-Employer Stock Fund was replaced by
the Pfizer Non-Employer Stock Fund. This Pfizer stock is currently
maintained in the Pfizer Non-Employer Stock Fund, and no contributions,
either employee or employer, can be made to this fund. Until Dec. 30, 2005,
Plan participants may continue holding portions of their accounts in the
Pfizer Non-Employer Stock Fund or may reallocate all or any part of such
holdings to the Monsanto (Employee) Stock Fund or the other investment funds
(excluding the Monsanto (Employer) and Solutia Stock Funds) and/or pre-mixed
portfolios offered under the Plan. The Pfizer Non-Employer Stock Fund shall
be discontinued effective as of the close of business on Dec. 30, 2005. Any
amounts remaining invested in the Pfizer Non-Employer Stock Fund as of the
close of business on Dec. 30, 2005, will automatically be transferred to the
Plan's default investment choice, which is currently the Moderate Portfolio.
The change in fair value of Pfizer stock held in the Pfizer Non-Employer
Stock Fund during the year ended Dec. 31, 2004, is included in "Net change
in fair value of investments: Common Stock--Pfizer Corporation" in the
Statement of Changes in Net Assets Available for Benefits.
The breakout of common stock into Common Stock--Pfizer Corporation, Common
Stock--Monsanto Company, and Common Stock--Solutia Inc. in the Statements of
Net Assets Available for Benefits and the Statement of Changes in Net Assets
Available for Benefits is not required but is presented for the purpose of
additional analysis.
The Collective Investment Funds included in the Statements of Net Assets
Available for Benefits and the Statement of Changes in Net Assets Available
for Benefits reflects the Plan's ownership of units in the various
Collective Investment Funds. The Collective Investment Funds invest in a
variety of securities including common stocks, bonds and money market
instruments in accordance with the specific investment objectives of the
Collective Investment Fund.
Effective for paychecks received after Sept. 1, 2002, the Monsanto SIP was
amended to allow eligible participants to make a before-tax catch-up
contribution election. Participants may be eligible to make a catch-up
contribution if they are at least age 50 on or before December 31 of the
calendar year and either currently contributing at least 7 percent of their
eligible pay per pay period to the SIP or had reached the IRS annual limit
on before-tax contributions ($13,000 in 2004). For 2004, they could have
elected a before-tax catch-up contribution of up to $3,000. The catch-up
contributions are not eligible for Company matching contributions and are
subject to the same rules as other before-tax contributions. The annual
catch-up contribution limit may increase in future years in accordance with
limits prescribed by the IRS.
The before-tax option allows participants to elect to make before-tax
contributions from gross pay before most income
5
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2004
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taxes are deducted. The participants generally cannot withdraw before-tax
contributions without income tax penalties until age 59 1/2, retirement,
disability, death or termination of employment. After-tax contributions are
made from participants' pay after income taxes are deducted. Withdrawal of
after-tax employee contributions can be made with no penalty. Participants
may change the amounts of their contributions and transfer their
contributions among the investment options.
LEVERAGED ESOP
--------------
Employee contributions to the Plan, up to a maximum of 7 percent of eligible
pay, generally are matched 60 percent by Monsanto. The Plan also has a
discretionary match employer contribution feature. In December 2004,
Monsanto announced a discretionary performance contribution of an additional
35 percent on the first 10 percent of eligible pay, which was applied to
participant accounts in February 2005. Company contributions and related
earnings are invested solely in Monsanto common stock held in the Monsanto
Employer Stock Fund. In part, this is accomplished through an ESOP feature
that was added to the Pharmacia Plan in October 1991 and has been
subsequently retained. Generally, Company contributions vest and become
non-forfeitable at the rate of 20 percent per year of service, such that
Company contributions are 100 percent vested after five years of service. A
participant who has less than five years of participation in the Plan or
predecessor plan cannot withdraw Company matching contributions that are not
vested or that were received in the last 24 months. Upon completion of five
years of participation in the Plan, all Company matched amounts may be
withdrawn from the Plan. Company contributions immediately vest upon a
change of control of the Company.
Until Jan. 3, 2005, a participant who had less than five years of
participation in the Plan or predecessor plan could not diversify any
Company matching contributions into the other investment options in the
Plan. Upon completion of five years of participation in the Plan, all
Company matched amounts could be diversified into the other investment
options (excluding the Pfizer and Solutia Stock Funds) in the Plan. The
diversification rules for Company matched amounts changed effective Jan. 3,
2005 (see Note 8 -- Subsequent Events).
In 1991, the ESOP component of the Pharmacia Plan issued $100 million in
amortizing notes and $100 million in amortizing debentures, both guaranteed
by Pharmacia, and borrowed $50 million from Pharmacia. In January 1992, the
proceeds from the borrowings were used to purchase approximately 18.5
million shares of common stock from Pharmacia at the average price of $13.40
per share. In 1996 and 1997, the ESOP component of the Pharmacia Plan
borrowed an additional $3.7 million and $4.3 million, respectively, from
Pharmacia to make payments on existing ESOP borrowings.
The Pharmacia Plan's ESOP debt was restructured effective as of July 1,
2001, in connection with the establishment and transfer of assets and
liabilities to the Plan. The Plan's ESOP component received a transfer from
the Pharmacia Plan's ESOP of 3,029,255 unallocated shares of Pharmacia
common stock. Immediately following the debt restructuring and transfer, the
Plan's ESOP debt consisted of two promissory notes (the "Notes") to
Monsanto: (i) one note payable in the principal amount of $2.2 million,
bearing interest at the rate of 7 percent per annum, and having a maturity
date of Dec. 15, 2021 (the "7.00% Note"), and (ii) the other note payable in
the principal amount of $40.6 million, bearing interest at the rate of 5.71
percent per annum, and providing for semi-annual amortization of principal
and a final maturity date of Dec. 15, 2006 (the "5.71% Note").
Following the spinoff of Monsanto from Pharmacia on Aug. 13, 2002, the
unallocated Pharmacia shares held by the Plan's ESOP component were
gradually converted to shares of Monsanto common stock through open market
transactions and through the exchange of Pharmacia stock for Monsanto stock
with certain Pharmacia employee benefit plans at market rates. These
Pharmacia shares are now fully converted to Monsanto shares. The unallocated
shares of Monsanto common stock, which were converted from Pharmacia shares
as described above, held by the Plan's ESOP component are released for
allocation to participant accounts in accordance with the terms of the Plan
as interest and principal on the promissory note is paid.
The Plan's ESOP debt was again restructured as of Dec. 10, 2004, to level
out the future allocation of stock thereunder in an impartial manner
intended to ensure equitable treatment for and generally to be in the best
interests of current and future plan participants consistent with the level
of benefits that Monsanto intended for the Plan to provide to
6
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2004
------------------------------------------------------------------------------
participants. To this end, the terms of the restructuring were determined
pursuant to an arm's length negotiation between Monsanto and an independent
trust company as fiduciary for the Plan. In this role, the independent
fiduciary determined that the restructuring, including certain financial
commitments and enhancements that were or will be made in the future by
Monsanto to benefit participants and beneficiaries of the Plan, including
the increased diversification rights described above that were provided to
certain participants, was completed in accordance with the best interests of
plan participants. On Dec. 10, 2004, the 5.71% Note and the 7.00% Note were
refinanced with a single promissory note to Monsanto, payable in the
principal amount of $19.2 million, bearing interest at the rate of 4.60% per
annum, and having a maturity date of Dec. 31, 2012 (the "4.60% Note").
Interest on the 4.60% Note is payable annually on December 31 of each year.
As of Dec. 31, 2004, the 4.60% Note had an outstanding principal balance of
$18.3 million. Scheduled maturities on the 4.60% Note are $2,257 in 2005,
$2,721 in 2006, $2,699 in 2007, $2,711 in 2008, $2,750 in 2009, $2,803 in
2010, and $2,347 in 2011 (all in thousands). The minimum number of shares
allocated to participant accounts is determined by the net debt service
(principal and interest) in that year relative to the total amount of
remaining debt service. The refinancing resulted in an approximate decrease
in the minimum number of shares to be allocated of 67 percent in 2005 and 59
percent in 2006. Further, the reduction of shares allocated in 2005 and 2006
will result in more shares allocated to participants each year from 2007
through 2012.
The Plan repays the ESOP debt primarily through Company contributions and
dividends paid on Monsanto common stock held in the ESOP. In the 12 months
ended Dec. 31, 2004, employer contributions utilized for principal and
interest payments on the ESOP debt totaled $2.5 million. While the ESOP debt
is repaid annually, shares of Monsanto stock are released for allocation to
participant accounts throughout the year. In the 12 months ended Dec. 31,
2004, approximately 860,000 equivalent shares of Monsanto stock were
released for allocation to participant accounts, which represents a decrease
of approximately 39 percent compared to the number of shares that would have
been released and allocated to participant accounts absent the refinancing
of the ESOP debt in 2004. As of Dec. 31, 2004, approximately 3,100,000
shares of Monsanto stock remained unallocated with an approximate market
value of $171 million.
PARTICIPANT LOANS
-----------------
Most Plan participants can obtain loans from their accounts. A participant
with a Plan account balance of over $2,000 may borrow up to the legal limit
of 50 percent of the total vested account balance (including the value of
the employer-contributed portion of the Monsanto Common Stock Fund account),
but not more than $50,000 minus the excess of the participant's highest
outstanding loan balance during the last 12 months or 100 percent of his or
her employee account value. The minimum loan is $1,000, and the maximum
number of outstanding loans at any one time is two.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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The accompanying financial statements of the Plan have been prepared on the
accrual basis of accounting.
In accordance with the American Institute of Certified Public Accountants
Audit and Accounting Guide, Audits of Employee Benefit Plans, benefits
payable to persons who have withdrawn from participation in a defined
contribution plan should be disclosed in the footnotes to the financial
statements rather than be recorded as a liability of the plan. As of Dec.
31, 2004, there were no such benefits payable.
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent liabilities at
the date of the financial statements and reported amounts of increases and
decreases during the reporting period. Actual results could differ from
those estimates.
Fixed income fund investments in guaranteed investment contracts, issued by
insurance companies, are valued at contract value plus accrued interest
because these investments have fully benefit-responsive features.
Investments other than guaranteed investment contracts are stated at fair
values, which are generally determined by quoted market prices. The
7
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2004
------------------------------------------------------------------------------
value of outstanding participant loans is determined based on the
outstanding principal balance as of the last day of the period, which
approximates fair value.
Purchases and sales of securities are recorded on a trade-date basis.
Dividend income is recorded on the ex-dividend date. Realized gains and
losses from security transactions are reported on the average cost method.
In the statement of changes in net assets available for benefits, the Plan
presents the net appreciation (depreciation) in the fair value of its
investments, which consists of the realized gains and losses and the
unrealized appreciation (depreciation) on these investments.
The Plan pays certain outside service provider expenses (e.g. recordkeeping
and trustee fees) incurred in the operation of the Plan. Investment manager
fees are paid by the Plan and are included in Administrative Expenses.
Certain other expenses are paid by Monsanto.
The Plan provides for various investment options in any combination of
stocks, mutual funds, common/collective trusts, and other investment
securities. Investment securities are exposed to various risks, such as
interest rate, market and credit risk. Due to the level of risk associated
with certain investment securities and the level of uncertainty related to
changes in the value of investment securities, it is possible that changes
in risks in the near term would materially affect participants' account
balances and the amounts reported in the statement of net assets available
for benefits and the statement of changes in net assets available for
benefits.
NOTE 3. GUARANTEED INVESTMENT CONTRACTS
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The Fixed Income Fund invests in synthetic guaranteed investment contracts.
Synthetic guaranteed investment contracts are comprised of two components:
an underlying portfolio of fixed income securities and a benefit responsive
contract. Benefit responsive contracts are issued by financial services
companies to allow participants' account balances to reflect the contract
value of the underlying fixed income investments (principal plus interest)
rather than the market value of those investments. Upon proper notification
to the financial service provider, the benefit responsive agreement may be
terminated. A single uniform contract (the "Global Wrap Benefit Responsive
Contract") was in place on Dec. 31, 2004, and Dec. 31, 2003, with
Commonwealth General Corporation, J.P. Morgan Chase Bank and State Street
Bank.
The following summarizes the contract value of the synthetic guaranteed
investment contracts as of Dec. 31, 2004, and Dec. 31, 2003.
GUARANTEED INVESTMENT CONTRACTS AS OF DEC. 31,
---------------------------
(Dollars in thousands) 2004 2003
---------------------------
Commonwealth General Corporation $173,815 $176,085
J.P. Morgan Chase Bank 130,360 132,064
State Street Bank 130,360 132,064
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Total $434,535 $440,213
===========================
The rate of return for the synthetic guaranteed investment contracts
generally fluctuates with the return on the underlying assets. The 12-month
average yield for such contracts, net of all applicable administrative and
investment fees, was 5.26 percent for the period from Jan. 1, 2004, to Dec.
31, 2004, and 5.69 percent for the period from Jan. 1, 2003, to Dec. 31,
2003. Participant accounts are credited with an interest rate which is
determined quarterly by the issuers of the benefit responsive contracts
based on the investments in the underlying fixed income portfolio. The
annual interest rates as of Dec. 31, 2004, and Dec. 31, 2003, were 5.70
percent and 5.87 percent, respectively.
The Plan values these synthetic guaranteed investment contracts at contract
value plus accrued interest. The total
8
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2004
------------------------------------------------------------------------------
estimated fair value of the synthetic guaranteed investment contracts was
$453 million and $461 million as of Dec. 31, 2004, and Dec. 31, 2003,
respectively.
The above-mentioned synthetic guaranteed investment contracts, Mellon Daily
Liquidity Stock Index Fund, Pfizer common stock and Monsanto common stock
represent the only investments of the Plan which are individually greater
than five percent of the Plan's ending assets.
NOTE 4. NONPARTICIPANT-DIRECTED INVESTMENTS
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Except as noted below, all other funds in the Plan are participant-directed.
The Plan's ESOP debt and related principal and interest payments are also
nonparticipant-directed. Information about the net assets and the
significant components of the changes in net assets relating to the
nonparticipant-directed investment amounts in the Plan (as of Dec. 31, 2004,
and Dec. 31, 2003, and for the period Jan. 1, 2004, to Dec. 31, 2004) is
outlined in the table below.
(Dollars in thousands) AS OF DEC. 31,
----------------------
2004 2003
----------------------
NET ASSETS:
Cash and temporary investments $ 2,100 $ 1,205
Common stock -- Monsanto Company 359,164 203,868
----------------------
Total Assets 361,264 205,073
Accrued expenses 11 10
ESOP debt 18,288 23,125
----------------------
Total Liabilities 18,299 23,135
----------------------
Net Assets $342,965 $181,938
======================
(Dollars in thousands) YEAR ENDED
DEC. 31,
--------
2004
--------
CHANGES IN NET ASSETS:
Contributions $ 2,545
Interest income 30
Dividends 3,763
Net appreciation 178,524
Interest expense on ESOP debt (1,240)
Administrative expense (8)
Withdrawals and transfers (22,587)
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Changes in Net Assets $161,027
========
NOTE 5. INFORMATION REGARDING TAX STATUS
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On Oct. 17, 2003, the IRS issued Monsanto a favorable determination letter
that the Plan is qualified for federal income tax purposes in compliance
with section 401(a) of the Internal Revenue Code ("IRC"). The Plan
administrator and the Plan's tax counsel believe that the Plan is designed
and is currently being operated in compliance with the applicable
requirements of the IRC.
9
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2004
------------------------------------------------------------------------------
NOTE 6. PRIORITIES UPON TERMINATION OF THE PLAN
------------------------------------------------------------------------------
If the Plan is terminated, all participants' account balances will be fully
vested, and all participants would then be entitled to a full distribution
of their account balances as more fully described and set forth in the Plan
document.
NOTE 7. PARTY-IN-INTEREST INVESTMENTS AND TRANSACTIONS
------------------------------------------------------------------------------
There were no nonexempt prohibited transactions with parties-in-interest
during the period from Jan. 1, 2004, to Dec. 31, 2004.
NOTE 8. SUBSEQUENT EVENTS
------------------------------------------------------------------------------
As of Jan. 3, 2005, all Monsanto SIP participants could transfer any Company
match amounts out of their Monsanto (Employer) Stock Fund and into any of
the other investment options available in SIP (except the Solutia
Non-Employer Stock Fund and Pfizer Non-Employer Stock Fund options) whether
or not they were fully vested.
As of April 4, 2005, targeted trading restrictions were effective which
replaced the 30-day ("roundtrip") restrictions implemented on Jan. 2, 2004.
A roundtrip is defined as an exchange in and then out of a fund in less than
a 30-day period. Under the new restrictions, participants are limited to one
roundtrip transaction per fund within any 90-day rolling period and four
roundtrip transactions across all funds over a rolling 12-month period.
These targeted restrictions apply to all investment options except the Fixed
Income Fund.
*****
10
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 1
------------------------------------------------------------------------------
ASSETS HELD FOR INVESTMENT AS OF
DEC. 31, 2004
11
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Non-Interest Bearing Cash - USD
------------------------------------------------------------------------------------------------------------------------------------
USD - United States dollar 1,001,576.960 1,001,576.960 1,001,576.960
------------------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES 1,001,576.96 1,001,576.96
------------------------------------------------------------------------------------------------------------------------------------
TOTAL NON-INTEREST BEARING CASH - USD 1,001,576.96 1,001,576.96
Receivable Income - USD
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
INCOME FROM SECURITIES LENDING ACTIVITIES 6.000 0.000 0.000
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL RECEIVABLE INCOME - USD 0.00 0.00
Receivables - Other - USD
------------------------------------------------------------------------------------------------------------------------------------
Pending trade sales: United States dollar 0.000 3,213,165.190 3,213,165.190
------------------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES 3,213,165.19 3,213,165.19
------------------------------------------------------------------------------------------------------------------------------------
TOTAL RECEIVABLES - OTHER - USD 3,213,165.19 3,213,165.19
U.S. Government Securities
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES -USD
FHLMC GOLD E01140 6 05-01-017 CUSIP: 31294KHR9 525,652.330 543,146.710 550,601.370
FHLMC GOLD E78398 6.5 07-01-014 CUSIP: 3128GDKK5 313,292.320 320,512.730 332,062.600
FHLMC GOLD GROUP E00400 7.5 10-01-2010
CUSIP: 31294JNR5 36,425.410 37,091.310 38,629.260
FHLMC GOLD G10449 7 02-01-2011 CUSIP: 31283JQA2 159,122.220 162,913.780 168,706.310
FHLMC GOLD G11206 6 01-01-2015 CUSIP: 31283KKT4 204,173.730 210,107.540 214,172.930
FHLMC GOLD G11516 6 03-01-2018 CUSIP: 31283KVH8 598,368.450 628,380.370 626,757.440
FHLMC GROUP #E00379 7.5 MTG PARTN CTF
DUE 06-01-2010 REG CUSIP: 31294JM47 35,811.770 36,466.470 37,978.490
FHLMC GROUP #E00386 7.5 MTG PARTN CTF
DUE 08-01-2010 REG CUSIP: 31294JNB0 47,923.470 48,799.590 50,822.980
FHLMC GROUP #E20179 7.5 MTG PARTN CTF
DUE 06-01-2010 REG CUSIP: 31335KFU5 8,974.480 9,138.530 9,519.460
FHLMC MULTICLASS SER T-41 CL 2A 7 07-25-2032
CUSIP: 31392MEM0 485,780.600 504,604.600 508,836.230
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
12
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
U.S. Government Securities
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
FHLMC MULTICLASS SER 1955 CL Z 7.5 05-20-2027
CUSIP: 3133TA2L5 1,279,646.150 1,375,019.780 1,370,118.410
FHLMC POOL #G1-1184 5.5% 09-01-2016 BEO
CUSIP: 31283KJ58 948,290.210 974,220.030 981,004.330
FHLMC POOL #G1-1622 6% 02-01-2018 BEO
CUSIP: 31283KYT9 2,371,824.800 2,490,416.050 2,484,353.660
FHLMC POOL #G11288 6.5% 06-01-2017 BEO
CUSIP: 31283KND6 677,283.410 708,713.580 717,204.530
FHLMC POOL #G11431 6% 02-01-2018 BEO
CUSIP: 31283KSU3 450,098.210 465,429.690 471,452.670
FHLMC POOL #G11452 6.5% 04-01-2018 BEO
CUSIP: 31283KTH1 822,139.750 865,173.650 870,912.370
FHLMC POOL #G11564 6.5% 08-01-2017 BEO
CUSIP: 31283KWZ7 2,059,451.990 2,179,157.630 2,180,827.850
FHLMC POOL #G30248 6.5% 12-01-2023 BEO
CUSIP: 3128CUHZ2 2,000,000.000 2,111,562.500 2,111,480.000
FNMA POOL # 313543 6.983 DUE 06-01-2007 REG
CUSIP: 31374GHU4 97,590.700 98,234.950 101,873.960
FNMA POOL #190791 6% DUE 02-01-2009 REG
CUSIP: 31368H2Y8 148,282.000 149,046.580 154,418.950
FNMA POOL #224484 7.5% DUE 06-01-2011 REG
CUSIP: 31369YJ55 157,317.590 162,941.120 166,164.500
FNMA POOL #313224 7% DUE 12-01-2011 REG
CUSIP: 31374F4H9 163,372.630 168,426.970 173,220.240
FNMA POOL #323165 6% DUE 06-01-2013 REG
CUSIP: 31374S6A4 24,784.790 25,888.490 26,026.660
FNMA POOL #50973 6.0 GTD MTG PASS THRU CTF
DUE 01-01-2009 CUSIP: 313615T63 195,430.580 193,219.080 203,518.870
FNMA POOL #535755 6.276% DUE 03-01-2011 REG
CUSIP: 31384WE48 519,255.860 536,131.660 568,234.150
FNMA POOL #545090 6% DUE 07-01-2016 REG
CUSIP: 31385HRK0 421,283.400 441,623.480 441,727.860
FNMA POOL #545209 6.124% 10-01-2011 BEO
CUSIP: 31385HVA7 216,653.730 235,898.680 236,338.020
FNMA POOL #545962 5.5% DUE 12-01-2013 REG
CUSIP: 31385JQP6 621,935.580 644,626.500 644,528.010
FNMA POOL #555191 4.828% 02-01-2013 BEO
CUSIP: 31385WXU8 243,927.890 249,883.150 249,076.720
FNMA POOL #555299 7% 11-01-2017 BEO
CUSIP: 31385W3G2 1,097,860.640 1,167,506.200 1,164,001.250
FNMA POOL #725135 6% 05-01-2018 BEO
CUSIP: 31402CSY9 800,693.880 840,853.700 839,550.750
FNMA POOL #725225 6% 06-01-2017 BEO
CUSIP: 31402CVS8 1,214,147.120 1,280,925.210 1,272,371.550
FNMA POOL #725324 5.39% 11-01-2013 BEO
CUSIP: 31402CYV8 168,044.210 177,037.200 177,106.500
FNMA POOL #725510 6.5% 07-01-2017 BEO
CUSIP: 31402DAK6 1,334,535.550 1,406,892.400 1,416,427.990
FNMA POOL #725992 5.5% 10-01-2014 BEO
CUSIP: 31402DRM4 2,014,643.020 2,091,766.080 2,101,957.650
FNMA PREASSIGN 00619 7 06-25-2042
CUSIP: 31392DF49 200,687.640 211,380.530 211,351.180
FNMA PREASSIGN 00837 7.5 04-25-2029
CUSIP: 31358S4W8 228,903.860 234,841.870 244,499.540
FNMA REMIC SER 2003-W17 CL PT1 10.2612695694
08-2 CUSIP: 31393UAN3 499,856.530 571,058.700 565,557.670
FNMA SERIES 2001-W3 CLASS-A 7 09-25-2041
CUSIP: 3139216F0 268,229.430 291,448.050 282,502.190
FNMA 2001-T10 CL A1 PASS THROUGH 7 12-25-2031
CUSIP: 3139216A1 242,506.550 253,017.670 255,640.460
SMALL BUS ADMIN GTD DEV PARTN CTF DEB SER
1997-20 I 6.9/ CUSIP: 83162CHT3 146,959.890 150,096.020 157,379.050
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
13
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
U.S. Government Securities
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER
1993-20 F CUSIP: 83162CER0 232,889.400 246,723.030 244,783.760
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER
1997-20 F CUSIP: 83162CHN6 109,128.170 113,155.830 117,463.380
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER
2003-20 B CUSIP: 83162CMU4 369,154.260 367,885.290 373,117.130
SMALL BUSINESS ADMIN GTD DEV PARTN CTF 6.1%
DUE 07-01-201 CUSIP: 83162CJJ3 239,026.220 239,026.220 252,312.250
UNITED STATES TREAS NTS DTD 01/31/2003 1.625%
DUE 01-31-2 CUSIP: 912828AS9 3,600,000.000 3,597,187.500 3,599,438.400
UNITED STATES TREAS NTS DTD 08/31/2003 2%
DUE 08-31-2005 CUSIP: 912828BJ8 3,900,000.000 3,898,406.840 3,884,766.600
US TREAS NTS DTD 02/18/2003 3 DUE 02-15-2008
REG CUSIP: 912828AT7 2,900,000.000 2,908,042.970 2,876,324.400
US TREAS NTS DTD 05/15/2002 4.375 DUE 05-15-2007
REG CUSIP: 912828AC4 3,100,000.000 3,239,714.840 3,186,096.300
US TREAS NTS NT 1.25 DUE 05-31-2005 REG
CUSIP: 912828BB5 3,450,000.000 3,444,949.220 3,433,557.300
US TREAS NTS 4.875 DUE 02-15-2012 REG
CUSIP: 9128277L0 280,000.000 301,765.630 295,946.840
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 43,610,456.20 43,642,720.97
------------------------------------------------------------------------------------------------------------------------------------
TOTAL U.S. GOVERNMENT SECURITIES 43,610,456.20 43,642,720.97
Corporate Debt Instruments - Preferred
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AMERICAN HOME PRODS CORP NT 6.95% DUE 03-15-2011
BEO CUSIP: 026609AM9 170,000.000 169,702.500 191,413.370
BANKAMERICA CAP II SER 2 8 BD DUE 12-15-2026/06
BEO CUSIP: 066048AA7 300,000.000 316,629.000 328,929.600
BK 1 CAP III 8.75 BDS 01/09/30 USD 8.75 DUE
09-01-2030/08-CUSIP: 06423KAA9 250,000.000 292,780.500 338,419.000
BURL NORTHN SANTA FE RY CO PASS THRU TR SER
2000-1 8.251 D CUSIP: 12189PAG7 356,785.950 356,785.950 443,542.020
CIT GROUP INC NEW SR NT 5.75 DUE 09-25-2007
CUSIP: 125581AC2 90,000.000 89,949.790 94,612.950
CITICORP CAP I 7.933% DUE 02-15-2027/02-15-2
CUSIP: 17303PAA0 300,000.000 313,161.000 330,351.600
DOW CHEM CO NT DTD 08/29/2002 6 DUE
10-01-2012/09-30-2 CUSIP: 260543BR3 250,000.000 277,330.000 273,136.500
DOW CHEM CO 7.375 DUE 11-01-2029 BEO
CUSIP: 260543BJ1 250,000.000 267,310.000 303,320.750
HEWLETT PACKARD CO GLOBAL NT 5.5 DUE
07-01-2007/06-30-2 CUSIP: 428236AF0 400,000.000 399,200.000 417,148.000
UN PAC RR CO PASS THRU TR PASS THRU CTF SER
1999-A 7.6 DUE CUSIP: 907833AH0 831,197.300 831,197.300 986,780.810
WYETH WYE 5.50 02/01/2014 5.5 DUE
02-01-2014/12-16-2 CUSIP: 983024AE0 800,000.000 793,282.500 827,670.400
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 4,107,328.54 4,535,325.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE DEBT INSTRUMENTS -PREFERRED 4,107,328.54 4,535,325.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
14
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Debt Instruments - Other
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AMERADA HESS CORP NT DTD 08/15/2001 6.65
DUE 08-15-2011/08-CUSIP: 023551AH7 150,000.000 158,428.090 164,951.250
AMERADA HESS CORP NT 7.875 DUE
10-01-2029/09-30-2 CUSIP: 023551AF1 200,000.000 221,491.200 236,641.200
AOL TIME WARNER INC DEB DTD 04/08/2002 7.7 DUE
05-01-2032 CUSIP: 00184AAG0 844,000.000 912,804.220 1,032,311.590
AOL TIME WARNER INC 7.625% DUE 04-15-2031/04-14-2
CUSIP: 00184AAC9 350,000.000 383,239.500 423,416.350
AT&T CORP FLOATING RATE NT DUE 11-15-2011/11-14-2
CUSIP: 001957BC2 625,000.000 634,029.670 719,531.250
AT&T CORP USD SR NT VAR RATE DUE
11-15-2031/11-14-2 CUSIP: 001957BD0 875,000.000 808,479.000 1,044,531.250
BSTN PPTYS LTD PARTNERSHIP SR NT 5.625 DUE
04-15-2015/04-CUSIP: 10112RAF1 400,000.000 394,248.500 412,308.400
BSTN PPTYS LTD PARTNERSHIP SR NT 6.25 DUE
01-15-2013/01-CUSIP: 10112RAB0 175,000.000 175,613.500 189,864.330
CARDINAL HLTH INC 6.75 DUE 02-15-2011 BEO
CUSIP: 14149YAF5 75,000.000 81,306.750 82,503.150
CIGNA CORP SR NT 7 DUE 01-15-2011/01-14-2
CUSIP: 125509BF5 315,000.000 313,651.800 352,019.750
CIGNA CORP 7.875 DEB DUE 05-15-2027
CUSIP: 125509AZ2 200,000.000 245,360.000 242,443.200
COMCAST CORP NEW NT 5.3 DUE 01-15-2014/01-14-2
CUSIP: 20030NAE1 775,000.000 762,951.250 799,268.350
DILLARD DEPT STORES INC 7.75 DEBDUE 05-15-2027
BEO CUSIP: 254063AW0 370,000.000 265,223.400 382,025.000
ELECTR DATA SYS CORP NEW SR NT SER B 6.5 DUE
08-01-2013/11-CUSIP: 285661AD6 350,000.000 333,081.000 369,561.850
EOP OPER LTD PARTNERSHIP EOP OPER LP 5.875 DUE
01-15-20 CUSIP: 268766BY7 450,000.000 455,025.000 475,634.700
EOP OPER LTD PARTNERSHIP EOP OPER 4.75 DUE
03-15-2014 BEO CUSIP: 268766BZ4 445,000.000 436,789.300 430,479.210
FORD MTR CR CO FORD MTR CR CO 7.25 DUE 10-25-2011
BEO CUSIP: 345397TY9 1,170,000.000 1,194,375.620 1,254,738.420
FORD MTR CR CO NT 7.375 DUE 10-28-2009 BEO
CUSIP: 345397SM6 200,000.000 213,626.000 215,733.600
GEN MTR ACCEPT CORP 8.875 BD DUE 6-1-2010 REG
(OPT CUSIP: 370424FV0 740,000.000 876,655.800 834,845.060
GEN MTRS ACCEP CORP NT DTD 09/12/2001 6.875
DUE 09-15-20 CUSIP: 370425RX0 425,000.000 433,065.000 435,537.030
HCA INC SR NT 5.75 DUE 03-15-2014 REG
CUSIP: 404119AL3 1,300,000.000 1,289,756.000 1,259,339.900
HEALTH NET INC SR NT STEP UP 04-15-2011
CUSIP: 42222GAC2 300,000.000 298,932.000 361,910.700
MAY DEPT STORES CO CO 6.7 DUE 09-15-2028
BEO CUSIP: 577778BH5 425,000.000 430,715.500 445,344.330
MAY DEPT STORES CO 7.875 DEB DUE 08-15-2036/16
CUSIP: 577778BD4 520,000.000 559,239.200 589,140.240
MAY DEPT STORES CO 8.5 DUE 06-01-2019 BEO
CUSIP: 577778BM4 185,000.000 192,031.850 227,608.280
PVTPL OVERSEAS PVT INV CRP U S GVT GTD SER
1996 503-D TR CUSIP: 690353CJ4 328,887.990 328,887.990 345,829.010
RAYTHEON CO NT 8.3 DUE 03-01-2010 BEO
CUSIP: 755111BH3 260,000.000 284,427.000 308,098.180
RAYTHEON CO 6.75 DUE 08-15-2007 REG
CUSIP: 755111AE1 286,000.000 288,611.180 308,109.800
SAFECO CORP NT 6.875 DUE 07-15-2007 REG
CUSIP: 786429AK6 100,000.000 100,572.240 107,084.600
SAFECO CORP SR NT 7.25 DUE 09-01-2012 BEO
CUSIP: 786429AN0 100,000.000 115,458.000 114,146.800
ST PAUL COS INC SR NT 8.125 DUE
04-15-2010/04-17-2 CUSIP: 792860AD0 275,000.000 296,881.750 321,192.580
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
15
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Debt Instruments - Other
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
TIME WARNER ENTMT CO L P SR SUB DEB 8.375
DUE 07-15-20 CUSIP: 88731EAJ9 150,000.000 170,983.070 193,788.150
UNUM CORP NT 6.75 DUE 12-15-2028 BEO
CUSIP: 903192AA0 450,000.000 374,753.000 406,125.000
UNUMPROVIDENT CORP SR NT 7.625 DUE 03-01-2011
BEO CUSIP: 91529YAC0 275,000.000 280,682.270 288,062.500
XEROX CORP NT 6.875 DUE 08-15-2011/08-14-2
CUSIP: 984121BN2 400,000.000 400,000.000 426,000.000
XEROX CORP SR NT 7.125 DUE 06-15-2010/06-14-2
CUSIP: 984121BL6 650,000.000 675,125.000 702,000.000
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 15,386,500.65 16,502,125.01
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE DEBT INSTRUMENTS - OTHER 15,386,500.65 16,502,125.01
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
#REORG/CHARLES RIV ASSOC INC NAME CHANGETO CRA
INTL SEC # CUSIP: 159852102 2,900.000 101,525.580 135,633.000
#REORG/S.W BANCORPORATION TEX INC COM NAME CHANGE
EFF 5/ CUSIP: 84476R109 5,900.000 121,312.110 137,411.000
#REORG/SIRIUS SATELLITE RADIO INC PLAN OF
PRIVITIZATION E CUSIP: 82966U103 18,000.000 101,220.360 137,700.000
ABBOTT LAB COM CUSIP: 002824100 38,600.000 1,515,012.060 1,800,690.000
ADOBE SYS INC COM CUSIP: 00724F101 4,000.000 247,199.300 250,960.000
ADR AKZO NOBEL N V SPONSORED ADR CUSIP: 010199305 54,400.000 1,789,984.050 2,311,456.000
ADR BP P L C SPONSORED ADR CUSIP: 055622104 5,600.000 274,239.100 327,040.000
ADR CADBURY SCHWEPPES P L C ADR 4 ORD
CUSIP: 127209302 8,100.000 289,052.150 305,370.000
ADR ELAN CORP PLC ADR REPSTG SHS CUSIP: 284131208 25,100.000 688,745.920 683,975.000
ADR GLAXOSMITHKLINE PLC SPONSORED ADR
CUSIP: 37733W105 69,200.000 2,964,533.220 3,279,388.000
ADR GOL LINHAS AEREAS INTELIGENTES SPONSORED
ADR REPS CUSIP: 38045R107 5,700.000 114,703.000 181,716.000
ADR HONDA MOTOR CO. LTD AMER DEPOSITARY SHARES
REPRESENTIN CUSIP: 438128308 22,900.000 475,853.350 596,774.000
ADR MATSUSHITA ELEC INDL LTD ADR CUSIP: 576879209 91,000.000 1,058,551.280 1,460,550.000
ADR NOVARTIS AG SPONSORED ADR ISIN #US66987V1098
CUSIP: 66987V109 24,500.000 1,096,845.350 1,238,230.000
ADR RIO TINTO PLC CUSIP: 767204100 12,700.000 799,047.760 1,513,967.000
ADR ROCHE HLDG LTD SPONSORED ADR ISIN
#US771195104 CUSIP: 771195104 5,700.000 506,620.300 656,169.180
ADR SAP AKTIENGESELLSCHAFT SPONSORED ADR
CUSIP: 803054204 40,100.000 1,437,889.240 1,772,821.000
ADR SCOTTISH PWR PLC SPONSORED ADR
FINALINSTALMENT CUSIP: 81013T705 23,100.000 550,260.810 719,796.000
ADR SONY CORP AMER DEPY RCPT FOR DOLLAR-VALIDATED
C CUSIP: 835699307 69,300.000 2,526,944.220 2,699,928.000
ADR SYNGENTA AG SPONSORED ADR CUSIP: 87160A100 35,100.000 410,230.420 749,385.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
16
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ADR TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED
ADR CUSIP: 874039100 113,045.000 909,280.930 959,752.050
ADR TEVA PHARMACEUTICAL INDS CUSIP: 881624209 34,800.000 997,182.960 1,039,128.000
ADR TOTAL SA CUSIP: 89151E109 5,500.000 402,236.140 604,120.000
ADR UNILEVER N V NEW YORK SHS NEW
CUSIP: 904784709 36,200.000 2,095,931.130 2,414,902.000
ADR VODAFONE GROUP PLC NEW SPONSORED ADR
CUSIP: 92857W100 25,300.000 548,886.590 692,714.000
ADR VOLVO AKTIEBOLAGET CL B CUSIP: 928856400 16,400.000 543,783.340 650,260.000
ADVANCED MICRO DEVICES INC COM CUSIP: 007903107 29,000.000 688,726.010 638,580.000
AETNA INC CUSIP: 00817Y108 7,700.000 758,399.430 960,575.000
AFFILIATED MANAGERS GROUP INC COM STK
CUSIP: 008252108 3,500.000 187,498.140 237,090.000
AFLAC INC COM CUSIP: 001055102 12,100.000 457,518.270 482,064.000
AGILENT TECHNOLOGIES INC COM CUSIP: 00846U101 21,700.000 470,570.060 522,970.000
AIRGAS INC COM CUSIP: 009363102 3,000.000 71,551.360 79,530.000
ALCAN INC CUSIP: 013716105 22,000.000 1,059,545.090 1,078,880.000
ALCOA INC COM STK CUSIP: 013817101 37,300.000 1,095,005.020 1,171,966.000
ALCON INC ALCON INC CUSIP: H01301102 23,800.000 1,425,520.110 1,918,280.000
ALEXION PHARMACEUTICALS INC COM CUSIP: 015351109 4,000.000 91,474.430 100,800.000
ALKERMES INC COM CUSIP: 01642T108 6,000.000 87,405.630 84,540.000
ALLERGAN INC COM CUSIP: 018490102 6,100.000 424,984.410 494,527.000
ALLIANCE DATA SYS CORP COM CUSIP: 018581108 7,000.000 183,191.190 332,360.000
ALLTEL CORP COM CUSIP: 020039103 29,700.000 1,508,535.790 1,745,172.000
ALTERA CORP COM CUSIP: 021441100 12,700.000 295,088.040 262,890.000
ALTIRIS INC COM CUSIP: 02148M100 3,000.000 76,628.400 106,290.000
ALVARION LTD COM CUSIP: M0861T100 8,000.000 112,525.200 106,240.000
AMEDISYS INC COM CUSIP: 023436108 4,000.000 125,338.780 129,560.000
AMER ELEC PWR CO INC COM CUSIP: 025537101 38,600.000 1,215,275.570 1,325,524.000
AMER EXPRESS CO COM CUSIP: 025816109 28,700.000 1,255,559.450 1,617,819.000
AMERADA HESS CORP COM CUSIP: 023551104 13,600.000 801,115.380 1,120,368.000
AMERN INTL GROUP INC COM CUSIP: 026874107 41,662.000 2,873,657.290 2,735,943.540
AMERN PWR CONVERSION CORP COM CUSIP: 029066107 14,600.000 227,518.020 312,440.000
AMGEN INC COM CUSIP: 031162100 52,200.000 2,857,707.990 3,348,630.000
ANHEUSER BUSCH COS INC COM CUSIP: 035229103 26,700.000 1,308,493.230 1,354,491.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
17
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AON CORP COM CUSIP: 037389103 15,300.000 355,309.350 365,058.000
APACHE CORP COM CUSIP: 037411105 13,800.000 626,396.190 697,866.000
APPLE COMPUTER INC COM CUSIP: 037833100 46,600.000 1,976,076.710 3,001,040.000
ARAMARK CORP CL B CUSIP: 038521100 32,200.000 797,454.550 853,622.000
ASK JEEVES INC OC-COM CUSIP: 045174109 3,000.000 74,270.710 80,250.000
AT&T CORP COM NEW CUSIP: 001957505 149,400.000 3,188,055.500 2,847,564.000
ATMI INC COM CUSIP: 00207R101 4,500.000 93,044.720 101,385.000
AUDIOCODES LTD COM STK CUSIP: M15342104 8,000.000 111,755.970 132,880.000
AVAYA INC COM CUSIP: 053499109 37,100.000 259,596.750 638,120.000
AVERY DENNISON CORP COM CUSIP: 053611109 12,800.000 775,191.170 767,616.000
AVIALL INC NEW COM CUSIP: 05366B102 3,500.000 78,613.950 80,395.000
AVOCENT CORP COM CUSIP: 053893103 3,900.000 135,802.840 158,028.000
AVON PRODS INC COM USD0.25 CUSIP: 054303102 47,300.000 1,553,589.580 1,830,510.000
BAKER HUGHES INC COM CUSIP: 057224107 47,300.000 1,566,619.610 2,018,291.000
BARRETT BILL CORP COM STK CUSIP: 06846N104 1,200.000 30,000.000 38,388.000
BCE INC COM STK CUSIP: 05534B109 67,200.000 1,340,551.180 1,621,536.000
BECTON DICKINSON & CO COM CUSIP: 075887109 11,100.000 330,408.340 630,480.000
BED BATH BEYOND INC COM CUSIP: 075896100 16,600.000 700,242.110 661,178.000
BEI TECHNOLOGIES INC COM CUSIP: 05538P104 4,000.000 118,717.410 123,520.000
BIOGEN IDEC INC COM STK CUSIP: 09062X103 11,700.000 692,425.640 779,337.000
BJ SVCS CO COM CUSIP: 055482103 8,200.000 283,612.810 381,628.000
BK AMER CORP COM CUSIP: 060505104 41,782.000 1,390,246.340 1,963,336.180
BMC SOFTWARE INC COM STK CUSIP: 055921100 31,100.000 453,289.220 578,460.000
BRISTOL MYERS SQUIBB CO COM CUSIP: 110122108 28,700.000 640,562.080 735,294.000
BROADCOM CORP CL A CUSIP: 111320107 63,700.000 2,107,423.200 2,056,236.000
BSTN SCIENTIFIC CORP COM CUSIP: 101137107 62,000.000 2,488,710.830 2,204,100.000
CAP 1 FNCL COM CUSIP: 14040H105 32,900.000 1,198,353.320 2,770,509.000
CARDINAL HLTH INC CUSIP: 14149Y108 52,800.000 2,772,147.430 3,070,320.000
CAREMARK RX INC COM CUSIP: 141705103 13,600.000 380,217.200 536,248.000
CARNIVAL CORP COM PAIRED CUSIP: 143658300 56,200.000 2,570,916.620 3,238,806.000
CATERPILLAR INC COM CUSIP: 149123101 9,400.000 715,336.880 916,594.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
18
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
CENT PAC FINL CORP COM CUSIP: 154760102 4,500.000 129,205.010 162,765.000
CHEESECAKE FACTORY INC COM CUSIP: 163072101 6,730.000 194,002.030 218,523.100
CHEVRON CORP COM CUSIP: 166764100 74,700.000 3,135,441.380 3,922,497.000
CHICOS FAS INC COM CUSIP: 168615102 12,800.000 556,243.400 582,784.000
CHUBB CORP COM CUSIP: 171232101 13,800.000 888,274.070 1,061,220.000
CIGNA CORP COM CUSIP: 125509109 10,300.000 495,678.440 840,171.000
CISCO SYS INC COM CUSIP: 17275R102 185,500.000 4,004,335.680 3,580,150.000
CIT GROUP INC NEW COM CUSIP: 125581108 27,900.000 608,148.110 1,278,378.000
CITIGROUP INC COM CUSIP: 172967101 103,300.000 4,436,586.900 4,976,994.000
CLOROX CO COM CUSIP: 189054109 12,700.000 562,342.390 748,411.000
COACH INC COM CUSIP: 189754104 22,800.000 1,012,968.590 1,285,920.000
COCA COLA CO COM CUSIP: 191216100 18,200.000 792,253.530 757,666.000
COGENT INC COM CUSIP: 19239Y108 5,000.000 99,035.600 165,000.000
COINSTAR INC COM CUSIP: 19259P300 5,900.000 151,019.550 158,297.000
COMCAST CORP NEW CL A CUSIP: 20030N101 114,157.000 3,074,757.800 3,799,144.960
COML CAP BANCORP INC COM CUSIP: 20162L105 4,500.000 64,673.350 104,310.000
COMPUTER SCI CORP COM CUSIP: 205363104 32,500.000 1,163,364.930 1,832,025.000
COMPUWARE CORP COM CUSIP: 205638109 110,300.000 776,610.040 713,641.000
CONOCOPHILLIPS COM CUSIP: 20825C104 17,500.000 906,931.340 1,519,525.000
COOPER COS INC COM NEW CUSIP: 216648402 2,500.000 112,453.520 176,475.000
CORNING INC COM CUSIP: 219350105 197,400.000 2,345,558.930 2,323,398.000
CORPORATE EXECUTIVE BRD CO COMMON STOCK
CUSIP: 21988R102 2,920.000 155,610.340 195,464.800
COSTCO WHSL CORP NEW COM CUSIP: 22160K105 6,000.000 216,764.690 290,460.000
COVANCE INC COM CUSIP: 222816100 5,950.000 185,158.170 230,562.500
CYMER INC COM CUSIP: 232572107 4,500.000 142,876.450 132,930.000
CYPRESS BIOSCIENCES INC COM PAR $.02
CUSIP: 232674507 10,000.000 120,427.270 140,600.000
DANAHER CORP COM CUSIP: 235851102 19,100.000 886,588.060 1,096,531.000
DELL INC COM STK CUSIP: 24702R101 117,200.000 3,489,878.050 4,938,808.000
DELPHI CORP COM CUSIP: 247126105 106,000.000 1,361,110.760 956,120.000
DELTA FINL CORP COM STK CUSIP: 247918105 0.000 0.000 0.000
DILLARDS INC CL A COM CUSIP: 254067101 14,400.000 546,300.000 386,928.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
19
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
DOMINION RES INC VA NEW COM CUSIP: 25746U109 11,500.000 654,859.920 779,010.000
DONNELLEY R R & SONS CO COM CUSIP: 257867101 24,600.000 763,604.660 868,134.000
DOW CHEM CO COM CUSIP: 260543103 90,754.000 2,925,985.270 4,493,230.540
DREAMWORKS ANIMATION INC CL A COM STK
CUSIP: 26153C103 11,100.000 426,240.630 416,361.000
DUKE ENERGY CORP COM STK CUSIP: 264399106 80,000.000 1,575,950.960 2,026,400.000
EASTMAN KODAK CO COM CUSIP: 277461109 5,000.000 199,839.430 161,250.000
EBAY INC COM CUSIP: 278642103 57,000.000 3,903,323.420 6,627,960.000
ED MGMT CORP COM CUSIP: 28139T101 4,500.000 150,761.490 148,545.000
EDO CORP COM CUSIP: 281347104 5,000.000 130,106.830 158,750.000
EDUCATE INC COM CUSIP: 28138P100 6,000.000 68,627.060 79,440.000
ELECTR ARTS COM CUSIP: 285512109 64,000.000 2,887,889.050 3,947,520.000
ELECTR DATA SYS CORP NEW COM CUSIP: 285661104 100,000.000 2,042,363.830 2,310,000.000
ELI LILLY & CO COM CUSIP: 532457108 12,100.000 760,047.900 686,675.000
EMERSON ELEC CO COM CUSIP: 291011104 11,300.000 622,264.910 792,130.000
ENERGY CONVERSION DEVICES INC COM
CUSIP: 292659109 5,000.000 99,196.770 96,600.000
ENGELHARD CORP COM CUSIP: 292845104 25,000.000 479,651.060 766,750.000
EPICOR SOFTWARE CORP COM CUSIP: 29426L108 10,000.000 136,800.040 140,900.000
EXELON CORP COM CUSIP: 30161N101 14,700.000 368,979.610 647,829.000
EXXON MOBIL CORP COM CUSIP: 30231G102 45,516.000 1,689,499.000 2,333,150.160
F P L GROUP INC COM CUSIP: 302571104 10,800.000 673,050.760 807,300.000
FAIRMONT HOTELS RESORTS INC COM CUSIP: 305204109 5,000.000 135,333.880 173,200.000
FEDEX CORP COM CUSIP: 31428X106 18,400.000 680,787.090 1,812,216.000
FEDT DEPT STORES INC DEL COM CUSIP: 31410H101 18,800.000 845,758.080 1,086,452.000
FINISH LINE INC CL A CUSIP: 317923100 5,800.000 102,275.140 106,140.000
FIRST CASH FINANCIAL SERVICES INC
CUSIP: 31942D107 7,000.000 152,831.960 186,970.000
FIRSTENERGY CORP COM CUSIP: 337932107 13,200.000 513,595.610 521,532.000
FLUOR CORP NEW COM CUSIP: 343412102 22,900.000 687,312.640 1,248,279.000
FMC TECHNOLOGIES INC COM CUSIP: 30249U101 5,000.000 131,475.640 161,000.000
FORMFACTOR INC COM STK CUSIP: 346375108 6,000.000 117,735.980 162,840.000
FOUNDATION COAL HLDGS INC COM STK
CUSIP: 35039W100 8,000.000 176,920.960 184,480.000
FREESCALE SEMICONDUCTOR INC CL B COM STK
CUSIP: 35687M206 5,178.000 40,811.100 95,068.080
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
20
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
FREESCALE SEMICONDUCTOR INC COM CL A
CUSIP: 35687M107 15,400.000 209,730.430 274,428.000
FRKLN RES INC COM CUSIP: 354613101 12,800.000 683,442.060 891,520.000
F5 NETWORKS INC COM STK CUSIP: 315616102 2,850.000 125,320.880 138,852.000
G & K SVCS INC CL A CUSIP: 361268105 3,000.000 107,593.130 130,260.000
GAP INC COM CUSIP: 364760108 36,000.000 443,557.830 760,320.000
GEN COMMUNICATION INC CL A CUSIP: 369385109 11,800.000 116,663.110 130,272.000
GEN ELEC CO COM CUSIP: 369604103 182,600.000 5,992,106.300 6,664,900.000
GEN MILLS INC COM CUSIP: 370334104 23,500.000 1,044,009.830 1,168,185.000
GEN-PROBE INC NEW COM CUSIP: 36866T103 4,500.000 111,331.500 203,445.000
GENENTECH INC COM STK CUSIP: 368710406 14,100.000 449,632.660 767,604.000
GENERAL MOTORS CORP COMMON STOCK CUSIP: 370442105 31,300.000 1,404,193.960 1,253,878.000
GENUINE PARTS CO COM CUSIP: 372460105 30,000.000 856,118.660 1,321,800.000
GENWORTH FINL INC COM CL A CUSIP: 37247D106 21,800.000 425,100.000 588,600.000
GILEAD SCI INC COM CUSIP: 375558103 59,400.000 1,847,621.420 2,078,406.000
GOLDEN W. FNCL CORP COM CUSIP: 381317106 47,200.000 1,569,180.240 2,899,024.000
GOLDMAN SACHS GROUP INC COM CUSIP: 38141G104 17,100.000 1,524,994.540 1,779,084.000
GOODRICH CORPORATION CUSIP: 382388106 22,900.000 683,459.110 747,456.000
GOOGLE INC CL A CUSIP: 38259P508 16,300.000 2,738,831.750 3,147,530.000
GRAY T.V INC COM CL B CUSIP: 389375106 0.000 0.000 0.000
GREAT LAKES CHEM CORP COM CUSIP: 390568103 3,000.000 80,698.700 85,470.000
GREAT WOLF RESORTS INC COM COM CUSIP: 391523107 5,000.000 85,000.000 111,700.000
GREENFIELD ONLINE INC COM CUSIP: 395150105 3,000.000 65,485.650 65,970.000
GUITAR CTR INC COM CUSIP: 402040109 4,600.000 158,230.920 242,374.000
HALLIBURTON CO COM CUSIP: 406216101 32,900.000 1,199,538.180 1,290,996.000
HARMAN INTL INDS INC NEW COM STK USD0.01
CUSIP: 413086109 2,800.000 199,273.960 355,600.000
HARSCO CORP COM CUSIP: 415864107 2,950.000 137,236.300 164,433.000
HCA INC COM CUSIP: 404119109 93,300.000 3,354,714.200 3,728,268.000
HEIDRICK & STRUGGLES INTL INC COM ISIN
#954228191023 CUSIP: 422819102 5,500.000 140,746.620 188,485.000
HEWLETT PACKARD CO COM CUSIP: 428236103 186,100.000 3,367,078.730 3,902,517.000
HIBBETT SPORTING GOODS INC COM CUSIP: 428565105 9,950.000 174,182.600 264,769.500
HONEYWELL INTL INC COM STK CUSIP: 438516106 20,300.000 633,282.050 718,823.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
21
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
HOUSEVALUES INC COM COM CUSIP: 44183Y102 3,400.000 51,000.000 51,068.000
HYPERION SOLUTIONS CORP COM CUSIP: 44914M104 3,050.000 119,064.160 142,191.000
INPUT/OUTPUT INC COM CUSIP: 457652105 11,000.000 98,275.430 97,240.000
INSPIRE PHARMACEUTICALS INC COM CUSIP: 457733103 7,000.000 102,946.910 117,390.000
INTEL CORP COM CUSIP: 458140100 62,100.000 1,269,631.460 1,452,519.000
INTERCONTINENTAL HOTELS GROUP PLC SPONSORED ADR
NEW CUSIP: 458573201 26,117.850 165,016.170 329,607.270
INTL BUSINESS MACHS CORP COM CUSIP: 459200101 4,700.000 384,312.610 463,326.000
INTL PAPER CO COM CUSIP: 460146103 43,617.000 1,618,076.940 1,831,914.000
INTUIT COM CUSIP: 461202103 23,600.000 1,003,342.400 1,038,636.000
IONATRON INC COM CUSIP: 462070103 10,000.000 60,078.300 113,300.000
JACKSON HEWITT TX SVC INC COM CUSIP: 468202106 10,300.000 193,204.910 260,075.000
JARDEN CORP COM CUSIP: 471109108 6,300.000 150,355.370 273,672.000
JONES LANG LASALLE INC COM STK CUSIP: 48020Q107 5,000.000 125,804.740 187,050.000
JPMORGAN CHASE & CO COM CUSIP: 46625H100 198,772.000 6,529,724.210 7,754,095.720
JUNIPER NETWORKS INC COM CUSIP: 48203R104 92,500.000 2,267,679.700 2,515,075.000
JUPITERMEDIA CORP COM CUSIP: 48207D101 4,500.000 84,668.850 107,010.000
KERR MCGEE CORP COM CUSIP: 492386107 15,000.000 728,489.300 866,850.000
KINDRED HEALTHCARE INC COM STK CUSIP: 494580103 5,000.000 129,730.810 149,750.000
KNIGHT-RIDDER INC COM STK CUSIP: 499040103 13,900.000 960,425.350 930,466.000
LAUDER ESTEE COS INC CL A CUSIP: 518439104 7,900.000 359,998.630 361,583.000
LEGG MASON INC COM CUSIP: 524901105 7,900.000 558,347.880 578,754.000
LENNAR CORP CL A CUSIP: 526057104 10,000.000 538,577.680 566,800.000
LEXMARK INTL INC NEW CL A CUSIP: 529771107 3,400.000 299,534.900 289,000.000
LIBERTY MEDIA CORP NEW COM SER A CUSIP: 530718105 105,900.000 916,853.480 1,162,782.000
LIFE TIME FITNESS INC COM CUSIP: 53217R207 5,000.000 121,676.150 129,400.000
LOEWS CORP COM CUSIP: 540424108 23,000.000 1,053,822.050 1,616,900.000
LOWES COS INC COM CUSIP: 548661107 58,600.000 2,825,362.260 3,374,774.000
LUBRIZOL CORP COM CUSIP: 549271104 8,500.000 312,902.630 313,310.000
LUCENT TECHNOLOGIES INC WT EXP PUR COM
CUSIP: 549463131 10,385.000 0.000 16,408.300
MACROMEDIA INC COM CUSIP: 556100105 6,850.000 141,609.760 213,172.000
MARATHON OIL CORP COM CUSIP: 565849106 12,800.000 477,670.680 481,408.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
22
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MARVEL ENTERPRISES INC COM STK CUSIP: 57383M108 8,000.000 119,419.440 163,840.000
MARVELL TECH GROUP MARVELL TECH GROUP INC
CUSIP: G5876H105 80,000.000 1,864,568.020 2,837,600.000
MASCO CORP COM CUSIP: 574599106 33,500.000 621,728.010 1,223,755.000
MAXIM INTEGRATED PRODS INC COM CUSIP: 57772K101 8,700.000 416,521.810 368,793.000
MAY DEPT STORES CO COM CUSIP: 577778103 61,000.000 1,551,807.570 1,793,400.000
MBIA INC COM CUSIP: 55262C100 7,400.000 371,993.990 468,272.000
MBNA CORP COM CUSIP: 55262L100 153,300.000 3,418,466.800 4,321,527.000
MC DONALDS CORP COM CUSIP: 580135101 87,800.000 1,684,484.920 2,814,868.000
MEDICINES COMPANY COM CUSIP: 584688105 3,500.000 98,798.070 100,800.000
MEDIMMUNE INC COM CUSIP: 584699102 8,400.000 258,125.880 227,724.000
MEDTRONIC INC COM CUSIP: 585055106 9,800.000 471,854.470 486,766.000
MELLON FINL CORP COM CUSIP: 58551A108 57,600.000 1,569,477.870 1,791,936.000
MERCURY INTERACTIVE CORP COM CUSIP: 589405109 8,600.000 384,595.310 391,730.000
MERRILL LYNCH & CO INC COM STK CUSIP: 590188108 39,700.000 2,190,955.510 2,372,869.000
METLIFE INC COM ISIN US59156R1086
CUSIP: 59156R108 24,400.000 894,165.180 988,444.000
METTLER-TOLEDO INTL INC COM CUSIP: 592688105 1,600.000 69,052.090 82,096.000
MICROSOFT CORP COM CUSIP: 594918104 112,700.000 3,216,150.180 3,010,217.000
MOLINA HEALTHCARE INC COM CUSIP: 60855R100 3,000.000 130,525.560 139,140.000
MONSANTO CO NEW COM CUSIP: 61166W101 7,806,632.000 117,940,462.720 433,658,407.600
MORGAN STANLEY CUSIP: 617446448 49,800.000 2,381,160.880 2,764,896.000
MOTOROLA INC COM CUSIP: 620076109 46,900.000 348,019.210 806,680.000
NABORS INDUSTRIES COM USD0.10 CUSIP: G6359F103 29,300.000 1,320,007.990 1,502,797.000
NATIONAL OILWELL VARCO COM STK CUSIP: 637071101 5,000.000 139,275.080 176,450.000
NATL SEMICONDUCTOR CORP COM CUSIP: 637640103 79,700.000 1,563,077.700 1,430,615.000
NAVTEQ CORP COM CUSIP: 63936L100 5,400.000 146,781.220 250,344.000
NCR CORP COM CUSIP: 62886E108 11,100.000 299,988.040 768,453.000
NEKTAR THERAPEUTICS COM CUSIP: 640268108 7,000.000 125,713.500 141,680.000
NETWORK APPLIANCE INC DEL CUSIP: 64120L104 33,200.000 607,936.250 1,102,904.000
NEW YORK TIMES CO CL A ISIN #US6501111073
CUSIP: 650111107 20,400.000 940,380.610 832,320.000
NEWS CORP CL A COM CUSIP: 65248E104 199,500.000 2,573,041.410 3,722,670.000
NEXTEL COMMUNICATIONS INC CL A COM STK
CUSIP: 65332V103 18,300.000 545,911.600 549,000.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
23
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
NIKE INC CL B CUSIP: 654106103 12,500.000 700,928.200 1,133,625.000
NITROMED INC COM CUSIP: 654798503 5,500.000 137,831.640 146,575.000
NOVA CHEMICALS CORP COM CUSIP: 66977W109 14,300.000 358,939.370 676,390.000
OCCIDENTAL PETE CORP COM CUSIP: 674599105 16,400.000 441,237.240 957,104.000
ORACLE CORP COM CUSIP: 68389X105 78,600.000 956,933.890 1,078,392.000
OSI PHARMACEUTICALS INC COM CUSIP: 671040103 1,800.000 58,212.340 134,730.000
O2 MICRO INTL O2 MICRO INTL LTD COM STK
CUSIP: G6797E106 10,000.000 130,008.910 114,400.000
P F CHANGS CHINA BISTRO INC COM STK
CUSIP: 69333Y108 2,500.000 129,822.030 140,875.000
PALMONE COM STK INC CUSIP: 69713P107 3,000.000 70,938.600 94,650.000
PAYCHEX INC COM CUSIP: 704326107 800.000 26,255.150 27,264.000
PEPSICO INC COM CUSIP: 713448108 25,600.000 1,209,742.000 1,336,320.000
PETSMART INC COM CUSIP: 716768106 10,500.000 314,537.190 373,065.000
PFIZER INC COM STK $.11 1/9 PAR CUSIP: 717081103 7,474,166.000 147,447,493.030 200,980,323.740
PHARMION CORP COM CUSIP: 71715B409 2,000.000 94,784.490 84,420.000
PHOTON DYNAMICS INC COM CUSIP: 719364101 6,000.000 169,078.280 145,680.000
PITNEY BOWES INC COM CUSIP: 724479100 39,000.000 1,363,786.680 1,804,920.000
PMI GROUP INC COM CUSIP: 69344M101 29,300.000 1,167,572.100 1,223,275.000
PORTALPLAYER INC COM COM STK CUSIP: 736187204 200.000 3,400.000 4,936.000
PROCTER & GAMBLE CO COM CUSIP: 742718109 64,300.000 3,049,366.610 3,541,644.000
PRUDENTIAL FINL INC COM CUSIP: 744320102 26,400.000 966,172.500 1,450,944.000
PSYCHIATRIC SOLUTIONS INC COM CUSIP: 74439H108 4,000.000 137,049.620 146,240.000
PULTE HOMES INC COM CUSIP: 745867101 8,200.000 512,402.360 523,160.000
QUALCOMM INC COM COM CUSIP: 747525103 102,800.000 3,792,255.030 4,358,720.000
RADIO 1 INC CL D NON VTG CUSIP: 75040P405 8,000.000 134,249.030 128,960.000
RADIOSHACK CORP COM CUSIP: 750438103 30,800.000 877,461.710 1,012,704.000
RALCORP HLDGS INC NEW COM CUSIP: 751028101 4,200.000 151,384.320 176,106.000
REDWOOD TR INC COM CUSIP: 758075402 4,620.000 194,282.270 286,855.800
REGIS CORP MINN COM CUSIP: 758932107 6,000.000 237,679.820 276,900.000
RENAL CARE GROUP INC COM CUSIP: 759930100 7,000.000 204,829.940 251,930.000
RES CONNECTION INC COM CUSIP: 76122Q105 1,250.000 65,852.250 67,887.500
RESEARCH IN MOTION LTD COM COM CUSIP: 760975102 17,000.000 1,395,599.800 1,401,140.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
24
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
RESMED INC COM CUSIP: 761152107 1,600.000 71,797.880 81,760.000
ROHM & HAAS CO COM CUSIP: 775371107 21,600.000 742,438.760 955,368.000
ROPER INDS INC NEW COM CUSIP: 776696106 3,900.000 195,749.790 237,003.000
ROYAL DUTCH PETRO N.Y REGISTRY SH PAR N 1.25 GLDR
CUSIP: 780257804 31,700.000 1,552,305.870 1,818,946.000
RUDOPLH TECHNOLOGIES INC COM CUSIP: 781270103 5,000.000 107,207.110 85,850.000
SAFECO CORP COM CUSIP: 786429100 11,500.000 510,479.400 600,760.000
SAFENET INC COM CUSIP: 78645R107 3,600.000 121,278.600 132,264.000
SALIX PHARMACEUTICALS LTD COM DE CUSIP: 795435106 6,000.000 97,019.490 105,540.000
SAPIENT CORP COM CUSIP: 803062108 15,000.000 94,692.030 118,650.000
SCHERING-PLOUGH CORP COM CUSIP: 806605101 151,600.000 3,527,317.030 3,165,408.000
SCHLUMBERGER LTD COM STK CUSIP: 806857108 22,000.000 1,402,563.580 1,472,900.000
SCHWAB CHARLES CORP COM NEW CUSIP: 808513105 104,400.000 1,033,907.300 1,248,624.000
SCRIPPS E.W INC NEW CL A COM CUSIP: 811054204 34,300.000 1,561,600.980 1,656,004.000
SEROLOGICALS CORP COM CUSIP: 817523103 6,000.000 136,951.050 132,720.000
SIERRA HLTH SVCS INC COM CUSIP: 826322109 2,200.000 113,278.690 121,242.000
SIRF TECH HLDGS INC COM CUSIP: 82967H101 6,000.000 82,103.250 76,320.000
SMITH INTL INC COM CUSIP: 832110100 15,000.000 763,094.910 816,150.000
SOLUTIA INC COM STK CUSIP: 834376105 585,712.000 11,395,218.980 685,283.040
SPANISH BROADCASTING SYS INC CL A COM STK
CUSIP: 846425882 15,900.000 163,607.990 167,904.000
ST JUDE MED INC COM CUSIP: 790849103 70,040.000 2,443,024.310 2,936,777.200
ST PAUL TRAVELERS CORP CUSIP: 792860108 53,500.000 1,934,066.740 1,983,245.000
STARBUCKS CORP COM CUSIP: 855244109 53,600.000 1,931,771.050 3,342,496.000
STD PAC CORP NEW COM CUSIP: 85375C101 3,200.000 188,954.540 205,248.000
STERICYCLE INC COM CUSIP: 858912108 3,200.000 148,847.200 147,040.000
STORAGE TECH CORP COM (NEW) CUSIP: 862111200 16,500.000 268,395.170 521,565.000
SUNCOR INC COM STK NPV CUSIP: 867229106 9,600.000 265,333.660 339,840.000
SYMANTEC CORP COM CUSIP: 871503108 66,000.000 1,276,137.690 1,700,160.000
SYMMETRY MED INC COM STK CUSIP: 871546206 5,500.000 87,389.950 115,775.000
TARGET CORP COM COM CUSIP: 87612E106 58,600.000 2,746,580.800 3,043,098.000
TEKELEC COM CUSIP: 879101103 3,000.000 63,158.000 61,320.000
TELESYSTEM INTL WIRELESS INC COM NEW
CUSIP: 879946606 10,000.000 98,998.930 111,900.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
25
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
TELVENT GIT SA CUSIP: E90215109 12,100.000 114,252.670 154,275.000
TENET HEALTHCARE CORP COM CUSIP: 88033G100 122,800.000 1,496,238.520 1,348,344.000
THERMO ELECTRON CORP COM CUSIP: 883556102 29,000.000 462,923.420 875,510.000
TIBCO SOFTWARE INC COM COM CUSIP: 88632Q103 12,500.000 100,095.810 166,750.000
TIFFANY & CO COM CUSIP: 886547108 0.000 0.000 0.000
TIME WARNER INC NEW COM CUSIP: 887317105 244,700.000 3,769,423.380 4,756,968.000
TORCHMARK CORP COM CUSIP: 891027104 17,400.000 652,828.260 994,236.000
TRACTOR SUP CO COM CUSIP: 892356106 3,000.000 101,130.960 111,630.000
TRANSOCEAN INC CUSIP: G90078109 12,800.000 524,170.030 542,592.000
TRIMBLE NAV LTD COM CUSIP: 896239100 4,000.000 122,501.070 132,160.000
TUESDAY MORNING CORP COM NEW ISIN US8990355054
CUSIP: 899035505 4,000.000 120,726.220 122,520.000
TX INSTRS INC COM CUSIP: 882508104 25,800.000 612,243.030 635,196.000
TYCO INTL LTD NEW COM CUSIP: 902124106 49,600.000 1,583,518.150 1,772,704.000
UCBH HLDGS INC COM CUSIP: 90262T308 3,200.000 102,038.780 146,624.000
ULTRA PETE CORP COM NPV CUSIP: 903914109 7,000.000 154,486.900 336,910.000
UN PAC CORP COM CUSIP: 907818108 35,600.000 2,053,294.170 2,394,100.000
UNITED PARCEL SVC INC CL B CUSIP: 911312106 31,100.000 2,354,575.830 2,657,806.000
UNITEDHEALTH GROUP INC COM CUSIP: 91324P102 20,100.000 976,309.630 1,769,403.000
UNIVISION COMMUNICATIONS INC CL A
CUSIP: 914906102 13,500.000 427,832.950 395,145.000
UNOCAL CORP COM CUSIP: 915289102 35,100.000 1,231,552.780 1,517,724.000
UNOVA INC COM CUSIP: 91529B106 4,000.000 89,399.710 101,160.000
UNUMPROVIDENT CORP COM CUSIP: 91529Y106 40,300.000 943,988.030 722,982.000
US BANCORP CUSIP: 902973304 37,073.000 786,535.180 1,161,126.360
UTD NAT FOODS INC COM CUSIP: 911163103 8,400.000 144,544.810 261,240.000
UTD TECHNOLOGIES CORP COM CUSIP: 913017109 7,100.000 651,087.760 733,785.000
UTD THERAPEUTICS CORP DEL COM STK
CUSIP: 91307C102 2,200.000 57,537.940 99,330.000
UTI WORLDWIDE INC ORD NPV CUSIP: G87210103 2,720.000 121,792.940 185,014.400
V F CORP COM CUSIP: 918204108 10,300.000 325,814.350 570,414.000
VARIAN SEMICONDUCTOR EQUIPTMENT ASSOCS INC
COM CUSIP: 922207105 3,000.000 113,896.040 110,550.000
VCA ANTECH INC COM STK CUSIP: 918194101 12,500.000 145,308.320 245,000.000
VERISIGN INC COM CUSIP: 92343E102 21,300.000 659,976.240 713,976.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
26
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
VIACOM COM CL B CUSIP: 925524308 36,600.000 1,389,768.370 1,331,874.000
VICURON PHARMACEUTICALS INC COM CUSIP: 926471103 6,000.000 102,661.840 104,460.000
VION PHARMACEUTICALS INC COM CUSIP: 927624106 17,500.000 84,221.430 82,075.000
VOLTERRA SEMICONDUCTOR CORP COM COM
CUSIP: 928708106 5,000.000 84,496.000 110,775.000
W MARINE INC CUSIP: 954235107 5,000.000 102,817.020 123,750.000
WACHOVIA CORP NEW COM CUSIP: 929903102 44,300.000 1,560,479.510 2,330,180.000
WAL-MART STORES INC COM CUSIP: 931142103 4,700.000 247,587.650 248,254.000
WALGREEN CO COM CUSIP: 931422109 21,500.000 778,173.400 824,955.000
WASTE CONNECTIONS INC COM CUSIP: 941053100 6,000.000 167,347.510 205,500.000
WCI CMNTYS INC COM CUSIP: 92923C104 4,100.000 118,208.680 120,540.000
WEATHERFORD INTL LTD CUSIP: G95089101 6,500.000 271,425.020 333,450.000
WELLPOINT INC COM COM CUSIP: 94973V107 16,300.000 1,291,904.800 1,874,500.000
WELLS FARGO & CO NEW COM STK CUSIP: 949746101 32,200.000 1,501,817.910 2,001,230.000
WESTCORP COM CUSIP: 957907108 4,500.000 192,714.170 206,685.000
WESTN WIRELESS CORP CL A CUSIP: 95988E204 3,900.000 110,446.710 114,270.000
WESTWOOD 1 INC COM CUSIP: 961815107 31,500.000 930,265.400 848,295.000
WEYERHAEUSER CO COM CUSIP: 962166104 11,900.000 725,817.930 799,918.000
WHIRLPOOL CORP COM CUSIP: 963320106 12,300.000 649,831.140 851,283.000
WHOLE FOODS MKT INC COM CUSIP: 966837106 16,700.000 1,212,025.530 1,592,345.000
WILLIAMS SONOMA INC COM CUSIP: 969904101 6,100.000 202,754.040 213,744.000
WINTRUST FINL CORP COM CUSIP: 97650W108 3,030.000 129,292.380 172,588.800
WYETH COM CUSIP: 983024100 62,700.000 2,312,411.670 2,670,393.000
XEROX CORP COM CUSIP: 984121103 187,000.000 1,886,398.170 3,180,870.000
XM SATELLITE RADIO HLDGS INC CL A
CUSIP: 983759101 5,700.000 210,907.780 214,434.000
YAHOO INC COM CUSIP: 984332106 163,000.000 3,543,111.600 6,141,840.000
ZENITH NATL INS CORP COM CUSIP: 989390109 3,900.000 150,826.480 194,376.000
ZIMMER HLDGS INC COM CUSIP: 98956P102 10,500.000 687,966.430 841,260.000
ZYGO CORP COM CUSIP: 989855101 8,000.000 120,600.970 94,320.000
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 574,021,966.71 999,039,896.32
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE STOCK - COMMON 574,021,966.71 999,039,896.32
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
27
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Participant Loans
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MONSANTO PARTICIPANT LOANS CUSIP: 999899602 17,042,284.550 17,042,284.550 17,042,284.550
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 17,042,284.55 17,042,284.55
------------------------------------------------------------------------------------------------------------------------------------
TOTAL PARTICIPANT LOANS 17,042,284.55 17,042,284.55
Value of Interest in Common/Collective Trusts
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
COLTV STIF CUSIP: 195997KR1 17,676,445.300 17,676,445.300 17,676,445.300
MFB NTGI-QM COLTV DAILY RUSSELL 1000 VALUE EQTY
INDEX F CUSIP: 658991369 9,869.530 5,833,267.740 6,427,590.630
MFB NTGI-QM COLTV DAILY RUSSELL 2000 VALUE EQTY
INDEX F CUSIP: 658991393 21,576.230 6,965,543.960 7,820,088.800
MFB NTGI-QM COLTV DIALY TIPS FD-LENDING
CUSIP: 658991666 31,668.610 4,155,923.730 4,329,605.680
MFO CAP GUARDIAN INTL NON-US EQTY (FUND 003-05)
CUSIP: 1399977Q7 4,254,882.220 51,111,822.680 63,780,684.470
MFO MELLON BNK EB DAILY LIQUIDITY INDEX FD
CUSIP: 585992795 418,764.870 97,915,786.560 108,697,122.240
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 183,658,789.97 208,731,537.12
------------------------------------------------------------------------------------------------------------------------------------
TOTAL VALUE OF INTEREST IN COMMON/COLLECTIVE
TRUSTS 183,658,789.97 208,731,537.12
Value of Interest in Master Trusts
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MFO MONSANTO DODGE & COX BALANCED UNITS
CUSIP: 611992488 1,283,728.190 132,238,482.210 198,554,923.380
MFO MONSANTO FXD FD UNITIZED SEC CUSIP: 611992470 225,835,073.320 344,978,178.470 445,280,820.740
MFO MONSANTO GROWTH & INC UNITIZED SEC
CUSIP: 611992991 5,467,694.900 116,837,614.220 149,055,596.140
MFO MONSANTO GROWTH FD UNIT DV UNIT SEC
CUSIP: 611992447 1,586,133.990 88,454,616.690 85,303,305.880
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 682,508,891.59 878,194,646.14
------------------------------------------------------------------------------------------------------------------------------------
TOTAL VALUE OF INTEREST IN MASTER TRUSTS 682,508,891.59 878,194,646.14
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
28
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Value of Interest in Registered Investment
Companies
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MFO FFTW FDS INC U S SHORT-TERM PORTFOLIO ADV CL
CUSIP: 30242R105 1,030,110.420 9,633,387.540 9,610,930.220
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 9,633,387.54 9,610,930.22
------------------------------------------------------------------------------------------------------------------------------------
TOTAL VALUE OF INTEREST IN REGISTERED
INVESTMENT COM 9,633,387.54 9,610,930.22
Other
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
EQTY OFFICE PPTYS TR REIT CUSIP: 294741103 56,400.000 1,517,163.850 1,642,368.000
EQTY RESDNTL EFF 5/15/02 CUSIP: 29476L107 34,100.000 794,232.050 1,233,738.000
GIC AEGON GLOBAL WRAP CNTRCT CDA00004TR RATE
CUSIP: 999500FC0 434,534,690.770 434,534,690.770 434,534,690.770
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 436,846,086.67 437,410,796.77
------------------------------------------------------------------------------------------------------------------------------------
TOTAL OTHER 436,846,086.67 437,410,796.77
Other Liabilities
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
LIAB. RE: TERM NOTE @ 4.6% DATED 12/10/04
DUE 12/31/2012 ORIGINAL **INC -18,287,732.830 -18,287,732.830 -18,287,732.830
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD -18,287,732.83 -18,287,732.83
Pending trade purchases: United States dollar 0.000 -1,313,425.110 -1,313,425.110
------------------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES -1,313,425.11 -1,313,425.11
------------------------------------------------------------------------------------------------------------------------------------
TOTAL OTHER LIABILITIES -19,601,157.94 -19,601,157.94
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
29
5500 SUPPLEMENTAL SCHEDULES
31 DEC 04
* Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------------------
Payable Other
------------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
&&&INVESTMENT MANAGEMENT EXPENSE ACCRUAL
CUSIP: 999899537 14.000 0.000 0.000
FEE FOR SECURITIES LENDING ACTIVITY FOR
CUSIP: 999766066 6.000 0.000 0.000
RECORDKEEPING EXPENSE ACCRUAL CUSIP: 999899529 18.000 0.000 0.000
TRUSTEE/CUSTODY EXPENSE ACCRUAL CUSIP: 999899511 18.000 0.000 0.000
------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL PAYABLE OTHER 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL 1,951,429,276.63 2,599,323,846.31
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
30
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DEC. 31, 2004
(IN THOUSANDS)
-------------------------------------------------------------------------------------------------------
COST CURRENT VALUE
Identity of issue, borrower, lessor or similar party
See attached detail $1,268,920 $1,721,129
Reconciling items:
------------------
Pending Trade Sales listed on Detail (3,212) (3,212)
Pending Trade Purchases listed on Detail 1,313 1,313
ESOP Loan Balance* 18,288 18,288
---------- ----------
$1,285,309 $1,737,518
========== ==========
*Represents party-in-interest to the plan
31
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 2
------------------------------------------------------------------------------
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED
AND DISPOSED OF WITHIN THE PLAN YEAR ENDED
DEC. 31, 2004
32
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C03674B104 ###REORG/NAME CHANGE FROM ANTHEM TO
WELLPOINT INC EFF 11/30/04
Acquisitions 27,400.00 -2,332,943.19
Dispositions -27,900.00 2,173,093.88
Free Delivery -500.00
Free Receipt 500.00
C921930103 #REORG VANS INC CASH MERGER EFF 6-30-04
Acquisitions 2,400.00 -30,172.00
Dispositions -4,750.00 85,588.56
Free Delivery -2,350.00
Free Receipt 2,350.00
C901314104 #REORG/ 24/7 REAL MEDIA INC REV SPLIT
EFF 2/26/04
Acquisitions 3,200.00 -6,402.75
Free Delivery -46,800.00
Free Receipt 21,800.00
C00790K109 #REORG/ADVANCE PCS CASH & STK MERGER TO
CAREMARK RX INC SEC #2109231 EFF 3/25/04
Acquisitions 1,000.00 -70,578.00
Dispositions -1,800.00 62,838.27
Free Delivery -800.00
Free Receipt 800.00
C042923102 #REORG/ARTISAN COMPONENTS INC CASH
MERGER EFFECTIVE 12/23/04
Acquisitions 3,000.00 -92,240.77
Dispositions -3,000.00 105,122.33
C04362P207 #REORG/ASCENTIAL SOFTWARE CORP CASH
MERGER EFF 5/3/05
Acquisitions 4,000.00 -76,803.21
Dispositions -4,000.00 49,032.04
C05969F104 #REORG/BANCORP BK FORMATION OF HLDG CO
TO BANCORP INC CU 05969A105 EFF 12/23/04
Acquisitions 2,500.00 -31,250.00
Dispositions -2,500.00 39,898.12
#REORG/BOOKHAM TECH SCHEME OF ARRANGE-
C09856Q108 MENT TO BOOKHAM SEC#2009578 9/10/04
Acquisitions 4,005.00 -10,619.60
Dispositions -31,632.00 65,385.82
Free Delivery -6,000.00
Free Receipt 27,627.00
C159852102 #REORG/CHARLES RIV ASSOC INC NAME CHANGE
TO CRA INTL SEC # 2013837 EFF 5/6/05
Acquisitions 1,930.00 -74,233.17
Dispositions -1,190.00 53,462.47
Free Delivery -2,160.00
Free Receipt 2,160.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
33
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C171796105 #REORG/CIMNA LABS INC CASH MERGER EFF 8/12/04
Dispositions -970.00 31,751.08
Free Delivery -970.00
Free Receipt 970.00
C218875102 #REORG/CORIO INC CASH MERGER EFF 3/15/05
Acquisitions 13,600.00 -42,408.69
Dispositions -17,500.00 30,137.79
Free Delivery -3,900.00
Free Receipt 3,900.00
C278725106 #REORG/EBOOKERS PLC SPONS ADR CASH
MERGER EFF 2/25/05
Acquisitions 4,350.00 -75,683.60
Dispositions -4,350.00 45,486.15
C28140A109 #REORG/ED LENDING GROUP INC CASH MERGER
EFF 2/17/05
Acquisitions 500.00 -6,626.00
Dispositions -2,400.00 30,013.94
Free Delivery -1,900.00
Free Receipt 1,900.00
C299900308 #REORG/EVERGREEN RES INC STK MERGER TO
PIONEER NAT RES CO SEC 2730689 EF9/29/04
Acquisitions 1,350.00 -45,572.75
Dispositions -4,000.00 151,194.85
Free Delivery -2,650.00
Free Receipt 2,650.00
C30224P101 #REORG/EXTD STAY AMER INC CASH MERGER
EFF 5/11/04
Acquisitions 4,000.00 -62,265.41
Dispositions -7,000.00 134,711.13
Free Delivery -3,000.00
Free Receipt 3,000.00
C372461103 #REORG/GENUS INC STK MERGER TO AIXTRON
AKTIENGELLSCHAFT #2012034 EFF 3/10/05
Acquisitions 20,000.00 -63,336.23
Dispositions -23,000.00 51,788.06
Free Delivery -3,000.00
Free Receipt 3,000.00
C450312103 #REORG/I-STAT CORP CASH MERGER EFF
1/28/04
Dispositions -1,700.00 25,955.91
Free Delivery -1,700.00
Free Receipt 1,700.00
C45255A104 #REORG/IMPAC MED SYS INC CASH MERGER
EFF4/4/05
Acquisitions 1,950.00 -49,500.68
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
34
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -3,350.00 60,331.56
Free Delivery -1,400.00
Free Receipt 1,400.00
C45840Q101 #REORG/INTERACTIVE CORP NAME CHANGE TO
IAC/INTERACTIVE SEC#2008752 EFF 7/14/04
Acquisitions 2,400.00 -79,794.52
Free Delivery -11,800.00
C58505Y103 #REORG/MEDSOURCE TECHNOLOGIES INC CASH
MERGER EFF 6/30/04
Acquisitions 8,700.00 -48,148.48
Dispositions -8,700.00 60,246.08
C599903101 #REORG/MILLENIUM CHEMICALS STK MERGER
TOLYONDELL CHEM EFF 11/30/04
Acquisitions 4,250.00 -56,210.14
Dispositions -4,250.00 68,803.14
C644383101 #REORG/NEW FOCUS INC STK MERGER TO
BOOKHAM TECH SEC #2074163 EFF 3/8/04
Acquisitions 14,500.00 -80,456.04
Free Delivery -21,500.00
Free Receipt 3,500.00
C652487802 #REORG/NEWS CORP LTD SPONS ADR SCHEME
OFARRANGEMENT TO NEWS CORP CL A EF11/3/04
Acquisitions 54,100.00 -1,780,391.28
Dispositions -42,400.96 1,350,742.92
Free Delivery -84,100.00
C712713106 #REORG/PEOPLESOFT INC CASH MERGER
EFFECTIVE 1-7-05
Acquisitions 1,900.00 -43,902.75
Dispositions -14,100.00 278,709.77
C84476R109 #REORG/S.W BANCORPORATION TEX INC COM
NAME CHANGE EFF 5/9/05 SEE #2013769
Acquisitions 4,700.00 -163,003.86
Dispositions -1,300.00 44,586.08
C81726S101 #REORG/SENSYTECH IN N/C TO ARGON ST IN
SEC#2007591 EFF 9/29/04
Acquisitions 170.00 -2,581.20
Dispositions -1,790.00 24,767.42
Free Delivery -1,620.00
Free Receipt 1,620.00
C883381105 #REORG/THERASENSE INC CASH MERGER EFF
4-5-05
Acquisitions 150.00 -3,079.01
Dispositions -3,200.00 85,089.45
Free Delivery -3,050.00
Free Receipt 3,050.00
C89420G109 #REORG/TRAVELERS PPTYS COS CORP CL A
STKMERGER ST PAUL COMPINIES 2783300 4/2/04
Acquisitions 14,650.00 -264,031.87
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
35
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -850.00 14,483.43
Free Delivery -13,800.00
C94973H108 #REORG/WELLPOINT HLTH NETWORKS INC CL A
CASH & STK MERGER TO ANTHEM INC 11/30/04
Acquisitions 300.00 -31,949.01
Dispositions -8,800.00 257,508.94
Free Delivery -300.00
Free Receipt 300.00
C984903104 #REORG/XICOR INC CASH MERGER EFF 7/29/04
Acquisitions 3,550.00 -51,063.77
Dispositions -3,550.00 53,319.74
C002824100 ABBOTT LAB COM
Acquisitions 21,500.00 -888,912.46
Dispositions -9,100.00 379,690.52
C00339B107 ABGENIX INC COM
Acquisitions 6,600.00 -84,022.62
Dispositions -6,600.00 55,864.38
CG1150G111 ACCENTURE LTD BERMUDA CLS A COM
Acquisitions 18,396.00 -478,083.08
Dispositions -31,296.00 737,389.67
C00651F108 ADAPTEC INC COM
Acquisitions 7,000.00 -52,079.40
Dispositions -7,000.00 51,303.19
C007094105 ADMINISTAFF INC COM
Acquisitions 2,750.00 -42,173.23
Dispositions -6,000.00 84,212.22
Free Delivery -3,250.00
Free Receipt 3,250.00
C00724X102 ADOLOR CORP COM
Acquisitions 4,130.00 -64,577.90
Dispositions -4,910.00 76,316.59
Free Delivery -780.00
Free Receipt 780.00
C046353108 ADR ASTRAZENECA PLC SPONSORED ADR UK
Acquisitions 5,200.00 -227,329.44
Dispositions -12,900.00 544,066.49
C055622104 ADR BP P L C SPONSORED ADR
Acquisitions 22,900.00 -1,121,442.06
Dispositions -17,300.00 966,619.03
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
36
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C284131208 ADR ELAN CORP PLC ADR REPSTG SHS
Acquisitions 28,400.00 -759,885.69
Dispositions -3,300.00 71,868.78
C338488109 ADR FLAMEL TECHNOLOGIES SA SPONSORED ADR
Acquisitions 1,860.00 -49,354.85
Dispositions -4,760.00 76,983.82
Free Delivery -2,900.00
Free Receipt 2,900.00
C535925101 ADR LINKTONE LTD ADR
Acquisitions 1,200.00 -16,800.00
Dispositions -1,200.00 17,329.62
C654902204 ADR NOKIA CORP SPONSORED ADR
Acquisitions 28,000.00 -614,978.07
Dispositions -81,875.00 1,528,403.22
C66987V109 ADR NOVARTIS AG SPONSORED ADR ISIN
#US66987V1098
Acquisitions 20,500.00 -937,061.58
Dispositions -4,900.00 228,790.90
CN07059111 ADR NV EUR0.02(NY REG)
Acquisitions 41,500.00 -584,806.05
Dispositions -50,100.00 668,128.49
C767204100 ADR RIO TINTO PLC
Acquisitions 2,600.00 -236,888.08
Dispositions -1,000.00 104,328.45
C771195104 ADR ROCHE HLDG LTD SPONSORED ADR ISIN
#US771195104
Acquisitions 1,700.00 -173,314.45
Dispositions -500.00 52,599.08
C803054204 ADR SAP AKTIENGESELLSCHAFT SPONSORED ADR
Acquisitions 50,700.00 -2,003,295.15
Dispositions -34,700.00 1,433,829.90
C874039100 ADR TAIWAN SEMICONDUCTOR MFG CO LTD
SPONSORED ADR
Acquisitions 29,824.00 -320,103.58
Dispositions -33,100.00 263,938.20
Free Delivery -18,044.00
Free Receipt 18,045.00
C881624209 ADR TEVA PHARMACEUTICAL INDS
Acquisitions 29,000.00 -1,265,941.82
Dispositions -40,200.00 1,513,397.14
Free Delivery -500.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
37
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 500.00
C89151E109 ADR TOTAL SA
Acquisitions 1,100.00 -103,204.57
Dispositions -2,700.00 252,141.60
C92857W100 ADR VODAFONE GROUP PLC NEW SPONSORED ADR
Acquisitions 25,300.00 -548,886.59
Dispositions -35,175.00 847,916.85
C00738A106 ADTRAN INC COM
Acquisitions 2,300.00 -71,298.02
Dispositions -3,200.00 86,602.11
Free Delivery -900.00
Free Receipt 900.00
C007973100 ADVANCED ENERGY INDS INC COM
Acquisitions 450.00 -10,571.00
Dispositions -2,850.00 65,602.20
Free Delivery -2,400.00
Free Receipt 2,400.00
C007903107 ADVANCED MICRO DEVICES INC COM
Acquisitions 29,200.00 -693,475.84
Dispositions -200.00 4,383.89
C00817Y108 AETNA INC
Acquisitions 9,650.00 -923,332.21
Dispositions -2,450.00 220,841.66
Free Delivery -500.00
Free Receipt 500.00
C008190100 AFFILIATED COMPUTER SVCS INC CL A COM
Acquisitions 1,400.00 -70,713.06
Dispositions -2,300.00 120,728.73
Free Delivery -900.00
Free Receipt 900.00
C008252108 AFFILIATED MANAGERS GROUP INC COM STK
Acquisitions 1,860.00 -125,792.90
Dispositions -190.00 14,148.92
Free Delivery -1,130.00
Free Receipt 1,130.00
C001055102 AFLAC INC COM
Acquisitions 29,300.00 -1,140,896.02
Dispositions -21,700.00 868,338.46
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
38
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C00845V100 AGERE SYS INC CL A
Acquisitions 24,200.00 -91,084.80
Dispositions -29,700.00 65,248.34
Free Delivery -5,500.00
Free Receipt 5,500.00
C00846X105 AGILE SOFTWARE CORP DEL COM
Acquisitions 3,400.00 -29,660.60
Dispositions -3,400.00 27,504.33
C00846U101 AGILENT TECHNOLOGIES INC COM
Acquisitions 48,200.00 -1,609,052.51
Dispositions -48,600.00 1,104,989.42
C008492100 AGREE RLTY CORP COM COM
Acquisitions 70.00 -1,956.50
Dispositions -1,510.00 42,897.08
Free Delivery -1,440.00
Free Receipt 1,440.00
C009158106 AIR PROD & CHEM INC COM
Acquisitions 5,000.00 -259,063.92
Dispositions -19,200.00 1,005,002.91
Free Delivery -800.00
Free Receipt 800.00
C00971T101 AKAMAI TECHNOLOGIES INC COM STK
Acquisitions 5,000.00 -70,784.80
Dispositions -5,000.00 66,054.95
CM0392N101 ALADDIN KNOWLEDGE SYS COM
Acquisitions 3,000.00 -46,275.04
Dispositions -3,000.00 75,011.31
C013716105 ALCAN INC
Acquisitions 22,400.00 -1,078,809.55
Dispositions -400.00 19,019.55
C013817101 ALCOA INC COM STK
Acquisitions 66,800.00 -2,112,452.19
Dispositions -73,200.00 2,486,273.42
C018490102 ALLERGAN INC COM
Acquisitions 3,700.00 -293,828.31
Dispositions -2,500.00 198,230.12
Free Delivery -500.00
Free Receipt 500.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
39
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C018581108 ALLIANCE DATA SYS CORP COM
Acquisitions 3,550.00 -135,564.48
Free Delivery -3,450.00
Free Receipt 3,450.00
C01859P609 ALLIANCE GAMING CORP COM NEW NEW
Acquisitions 1,500.00 -39,274.25
Dispositions -4,400.00 72,508.73
Free Delivery -2,900.00
Free Receipt 2,900.00
C018804104 ALLIANT TECHSYSTEMS INC COM
Acquisitions 700.00 -42,098.00
Dispositions -1,200.00 73,480.36
Free Delivery -500.00
Free Receipt 500.00
C020039103 ALLTEL CORP COM
Acquisitions 18,500.00 -944,367.68
Dispositions -2,000.00 108,897.45
C021441100 ALTERA CORP COM
Acquisitions 14,800.00 -343,882.12
Dispositions -19,700.00 460,027.56
C023135106 AMAZON COM INC COM
Acquisitions 29,700.00 -1,415,914.91
Dispositions -29,700.00 1,111,840.72
CG02602103 AMDOCS LTD ORD GBP0.01
Acquisitions 10,900.00 -289,527.48
Dispositions -12,300.00 258,578.11
Free Delivery -1,400.00
Free Receipt 1,400.00
C025816109 AMER EXPRESS CO COM
Acquisitions 15,900.00 -759,747.11
Dispositions -31,600.00 1,604,348.16
C023551AH7 AMERADA HESS CORP NT DTD 08/15/2001 6.65
DUE 08-15-2011/08-14-2011 BEO
Acquisitions 150,000.00 -156,112.50
Dispositions -125,000.00 138,093.75
C03073E105 AMERISOURCEBERGEN CORP COM
Dispositions -500.00 26,664.25
Free Delivery -500.00
Free Receipt 500.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
40
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C03074K100 AMERITRADE HLDG CORP NEW COM
Acquisitions 4,400.00 -49,484.17
Dispositions -4,400.00 49,729.39
C026874107 AMERN INTL GROUP INC COM
Acquisitions 10,000.00 -657,604.67
Dispositions -20,100.00 1,378,388.89
C029712106 AMERN STD COS INC DEL COM
Acquisitions 1,650.00 -87,654.54
Dispositions -1,850.00 107,250.23
Free Delivery -200.00
Free Receipt 200.00
C031162100 AMGEN INC COM
Acquisitions 14,900.00 -860,864.02
Dispositions -38,300.00 2,261,213.03
C03232P405 AMSURG CORP COM
Acquisitions 725.00 -25,499.70
Dispositions -2,570.00 69,960.15
Free Delivery -1,370.00
Free Receipt 1,370.00
C032346108 AMYLIN PHARMACEUTICALS INC COM
Acquisitions 2,000.00 -46,919.44
Dispositions -2,000.00 38,922.68
C034918102 ANGIOTECH PHARMACEUTICALS INC COM
Acquisitions 3,090.00 -87,327.47
Dispositions -7,200.00 153,076.19
Free Delivery -2,070.00
Free Receipt 2,070.00
C035229103 ANHEUSER BUSCH COS INC COM
Acquisitions 15,600.00 -813,272.62
Dispositions -23,800.00 1,225,834.20
C037411105 APACHE CORP COM
Acquisitions 24,000.00 -1,066,306.05
Dispositions -10,600.00 504,917.99
Free Delivery -200.00
Free Receipt 200.00
C037604105 APOLLO GROUP INC CL A
Acquisitions 11,075.00 -804,690.97
Dispositions -15,975.00 1,184,085.77
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
41
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C037833100 APPLE COMPUTER INC COM
Acquisitions 62,200.00 -2,553,715.65
Dispositions -15,600.00 777,953.03
C038197109 APPLIED FILMS CORP COM
Acquisitions 690.00 -24,428.05
Dispositions -2,750.00 65,503.46
Free Delivery -2,060.00
Free Receipt 2,060.00
C038222105 APPLIED MATERIALS INC COM
Acquisitions 21,900.00 -441,171.58
Dispositions -92,200.00 1,625,352.39
C03822W109 APPLIED MICRO CIRCUITS CORP CDT-COM
Acquisitions 13,500.00 -94,538.71
Dispositions -13,500.00 62,506.95
C03839G105 AQUANTIVE INC COM
Acquisitions 8,000.00 -76,177.50
Dispositions -13,500.00 117,135.63
Free Delivery -5,500.00
Free Receipt 5,500.00
C038521100 ARAMARK CORP CL B
Acquisitions 33,900.00 -843,201.55
Dispositions -2,700.00 72,889.65
Free Delivery -1,000.00
Free Receipt 1,000.00
C039380100 ARCH COAL INC COM
Acquisitions 2,600.00 -84,625.35
Dispositions -2,600.00 86,354.89
C04516H101 ASHWORTH INC COM
Acquisitions 3,500.00 -29,811.70
Dispositions -3,500.00 35,835.30
C045174109 ASK JEEVES INC OC-COM
Acquisitions 5,250.00 -136,094.78
Dispositions -2,250.00 57,213.86
CG05384105 ASPEN INSURANCE HLDGS COM
Dispositions -200.00 5,031.76
Free Delivery -200.00
Free Receipt 200.00
C04543P100 AST ACCEP CAP CORP COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
42
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,750.00 -27,006.50
Dispositions -1,750.00 34,452.21
C04648X107 ASYST TECHNOLOGIES INC COM
Acquisitions 1,000.00 -12,384.24
Dispositions -3,500.00 24,992.56
Free Delivery -2,500.00
Free Receipt 2,500.00
C047439104 ATHEROGENICS INC COM
Acquisitions 740.00 -12,785.50
Dispositions -1,600.00 42,228.21
Free Delivery -860.00
Free Receipt 860.00
C04743P108 ATHEROS COMMUNICATIONS INC COM COM
Acquisitions 1,900.00 -30,640.00
Dispositions -1,900.00 34,473.14
C049167109 ATLAS AMER INC COM COM
Acquisitions 1,300.00 -20,150.00
Dispositions -1,300.00 23,886.55
C05106U105 AUG TECH CORP COM STK ISIN#US05106U1051
Acquisitions 3,500.00 -49,225.08
Dispositions -5,400.00 51,127.62
Free Delivery -1,900.00
Free Receipt 1,900.00
C052666104 AUTHENTIDATE HLDG CORP COM
Acquisitions 1,950.00 -35,843.34
Dispositions -1,950.00 19,826.35
C053893103 AVOCENT CORP COM
Acquisitions 2,830.00 -102,610.73
Free Delivery -1,070.00
Free Receipt 1,070.00
C054303102 AVON PRODS INC COM USD0.25
Acquisitions 19,000.00 -1,077,072.45
Dispositions -24,900.00 1,121,004.56
C054540109 AXCELIS TECHNOLOGIES INC COM STK
ISIN# US0545401095
Acquisitions 4,600.00 -53,127.75
Dispositions -11,100.00 116,655.85
Free Delivery -6,500.00
Free Receipt 6,500.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
43
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C06423A103 B#REORG/BK 1 CORP STK MERGER TO JP
MORGAN CHASE & CO #2427148 EFF 7/1/04
Acquisitions 17,500.00 -905,676.42
Dispositions -8,900.00 486,172.87
Free Delivery -61,600.00
C057101107 BAKBONE SOFTWARE INC VTG SHS
Acquisitions 35,300.00 -52,798.21
Dispositions -35,300.00 52,747.54
C057224107 BAKER HUGHES INC COM
Acquisitions 22,000.00 -920,332.91
Dispositions -26,300.00 996,447.89
C057465106 BAKERS FOOTWEAR GROUP INC COM
Acquisitions 1,400.00 -11,205.60
Dispositions -1,400.00 12,776.34
C068306109 BARR PHARMACEUTICALS INC COM
Acquisitions 900.00 -59,003.30
Dispositions -1,150.00 42,392.09
C074002106 BEARINGPOINT INC COM COM
Acquisitions 5,150.00 -55,429.44
Dispositions -5,150.00 44,527.69
C074014101 BEASLEY BROADCAST GROUP INC CL A
Acquisitions 1,650.00 -27,993.02
Dispositions -4,700.00 70,202.28
Free Delivery -3,050.00
Free Receipt 3,050.00
C075896100 BED BATH BEYOND INC COM
Acquisitions 31,200.00 -1,288,626.61
Dispositions -50,000.00 1,931,150.31
C09062X103 BIOGEN IDEC INC COM STK
Acquisitions 14,800.00 -871,479.87
Dispositions -3,900.00 221,322.96
Free Delivery -800.00
Free Receipt 800.00
C090613100 BIOMET INC COM
Acquisitions 1,100.00 -44,487.40
Dispositions -1,100.00 52,474.10
C09065V203 BIOSANTE PHARMACEUTICALS INC COM NEW
Acquisitions 1,850.00 -18,283.74
Dispositions -1,850.00 8,789.88
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
44
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C055472104 BISYS GROUP INC COM
Dispositions -1,500.00 22,270.50
Free Delivery -1,500.00
Free Receipt 1,500.00
C055482103 BJ SVCS CO COM
Acquisitions 11,800.00 -562,939.34
Dispositions -24,075.00 1,114,798.14
Free Delivery -1,100.00
Free Receipt 1,100.00
C05548J106 BJS WHSL CLUB INC COM STK
Dispositions -650.00 13,970.83
Free Delivery -650.00
Free Receipt 650.00
C060505104 BK AMER CORP COM
Acquisitions 12,900.00 -1,057,190.76
Dispositions -22,700.19 1,176,792.70
Free Receipt 6,830.19
C062540109 BK HAW CORP COM
Acquisitions 700.00 -31,931.97
Dispositions -1,200.00 54,456.14
Free Delivery -500.00
Free Receipt 500.00
C063904106 BK OF THE OZARKS INC COM
Acquisitions 520.00 -12,381.10
Dispositions -2,400.00 78,934.03
Free Delivery -1,880.00
Free Receipt 1,880.00
C091935502 BLACKBOARD INC COM
Acquisitions 1,000.00 -14,000.00
Dispositions -1,000.00 20,601.21
C098072101 BONE CARE INTL INC COM
Acquisitions 1,180.00 -27,586.75
Dispositions -1,180.00 31,044.24
C103043105 BOWNE & CO INC COM
Acquisitions 7,200.00 -112,525.56
Dispositions -7,200.00 89,853.89
C109178103 BRIGHAM EXPL CO COM
Acquisitions 250.00 -2,117.50
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
45
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -4,950.00 39,479.42
Free Delivery -4,700.00
Free Receipt 4,700.00
C11037M105 BRISTOL W HLDGS INC COM
Acquisitions 2,220.00 -45,525.30
Dispositions -2,220.00 43,982.75
C111320107 BROADCOM CORP CL A
Acquisitions 67,700.00 -2,245,674.48
Dispositions -20,500.00 764,098.59
C101137107 BSTN SCIENTIFIC CORP COM
Acquisitions 64,200.00 -2,582,425.15
Dispositions -22,600.00 903,682.49
C118759109 BUCYRUS INTL INC NEW CL A
Acquisitions 1,800.00 -32,400.00
Dispositions -1,800.00 63,048.69
C120076104 BUILD-A-BEAR WORKSHOP INC COM STK
Acquisitions 4,400.00 -88,000.00
Dispositions -4,400.00 112,895.46
C12512N105 C D W CORP COM
Acquisitions 1,000.00 -67,219.34
Dispositions -1,800.00 111,319.54
Free Delivery -800.00
Free Receipt 800.00
C130439102 CA MICRO DEVICES CORP
Acquisitions 150.00 -1,551.00
Dispositions -3,150.00 33,308.33
Free Delivery -3,000.00
Free Receipt 3,000.00
C140288101 CAP LEASING FDG INC COM
Acquisitions 4,000.00 -42,000.00
Dispositions -4,000.00 51,771.17
C14055X102 CAPITALSOURCE INC COM
Acquisitions 3,100.00 -67,846.47
Dispositions -3,100.00 62,960.41
C14073T109 CAPTIVA SOFTWARE CORP DEL COM
Acquisitions 3,650.00 -44,719.50
Dispositions -3,650.00 42,485.00
C14149Y108 CARDINAL HLTH INC
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
46
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 34,700.00 -1,707,078.98
Dispositions -5,300.00 331,708.33
C141665109 CAREER ED CORP COM
Acquisitions 7,940.00 -450,813.45
Dispositions -9,190.00 315,310.49
Free Delivery -1,250.00
Free Receipt 1,250.00
C141705103 CAREMARK RX INC COM
Acquisitions 37,700.00 -1,191,493.30
Dispositions -35,041.50 1,068,849.55
Free Delivery -1,935.00
Free Receipt 3,676.50
C143658300 CARNIVAL CORP COM PAIRED
Acquisitions 62,200.00 -2,841,146.41
Dispositions -6,000.00 267,020.07
C147448104 CASELLA WASTE SYS INC CL A COM STK
Acquisitions 4,800.00 -68,982.90
Dispositions -4,800.00 69,572.92
C149123101 CATERPILLAR INC COM
Acquisitions 9,400.00 -715,336.88
Dispositions -4,100.00 341,144.20
C153435102 CENT EUROPEAN DISTR CORP COM STK
Acquisitions 1,500.00 -47,290.20
Dispositions -2,250.00 63,549.98
CG20045202 CENT EUROPEAN MEDIA ENTERPRISES LTD
NEW COM STK
Acquisitions 1,900.00 -39,804.62
Dispositions -1,900.00 75,028.10
C153491105 CENT FGHT LINES INC NEV COM
Acquisitions 2,500.00 -41,257.90
Dispositions -3,800.00 33,636.81
Free Delivery -1,300.00
Free Receipt 1,300.00
C154760102 CENT PAC FINL CORP COM
Acquisitions 4,600.00 -131,085.65
Dispositions -3,000.00 98,316.77
Free Delivery -2,900.00
Free Receipt 2,900.00
C156431108 CENTY ALUM CO COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
47
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 2,000.00 -49,000.00
Dispositions -2,000.00 40,259.05
C163072101 CHEESECAKE FACTORY INC COM
Acquisitions 3,710.00 -132,977.79
Free Delivery -1,610.00
Free Receipt 1,610.00
C166764100 CHEVRON CORP COM
Acquisitions 18,400.00 -1,187,940.62
Dispositions -1,100.00 108,899.21
C167760107 CHGO MERCANTILE EXCHANGE HLDGS INC CL A
Acquisitions 500.00 -43,015.00
Dispositions -1,050.00 97,009.21
Free Delivery -550.00
Free Receipt 550.00
C168615102 CHICOS FAS INC COM
Acquisitions 13,200.00 -573,626.01
Dispositions -400.00 17,894.78
C170404107 CHORDIANT SOFTWARE INC COM STK
ISIN#US1704041078
Acquisitions 11,900.00 -57,973.94
Dispositions -16,900.00 47,758.52
Free Delivery -5,000.00
Free Receipt 5,000.00
C172908105 CINTAS CORP COM
Acquisitions 1,300.00 -56,003.35
Dispositions -2,200.00 93,365.83
Free Delivery -900.00
Free Receipt 900.00
C17275R102 CISCO SYS INC COM
Acquisitions 73,800.00 -1,606,241.19
Dispositions -141,400.00 2,948,536.81
C172967101 CITIGROUP INC COM
Acquisitions 44,000.00 -2,131,223.06
Dispositions -55,733.00 2,603,068.54
C177376100 CITRIX SYS INC COM
Acquisitions 4,100.00 -83,176.90
Dispositions -5,800.00 104,908.51
Free Delivery -1,700.00
Free Receipt 1,700.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
48
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C178566105 CITY NATL CORP COM
Acquisitions 800.00 -49,306.90
Dispositions -800.00 52,271.81
CM25082104 CLICKSOFTWARE TECHNOLOGIES
Acquisitions 16,760.00 -66,558.72
Dispositions -16,760.00 39,056.58
C189754104 COACH INC COM
Acquisitions 29,200.00 -1,277,260.10
Dispositions -6,400.00 273,489.53
C191216100 COCA COLA CO COM
Acquisitions 53,400.00 -2,585,042.01
Dispositions -61,700.00 2,677,333.54
C194162103 COLGATE-PALMOLIVE CO COM
Acquisitions 3,200.00 -185,401.38
Dispositions -9,775.00 522,406.52
C194589206 COLLEGIATE PAC INC COM NEW
Acquisitions 3,700.00 -37,641.11
Dispositions -3,700.00 50,716.93
C197236102 COLUMBIA BKG SYS INC COM
Dispositions -2,120.00 45,808.93
Free Delivery -2,120.00
Free Receipt 2,120.00
C20162L105 COML CAP BANCORP INC COM
Acquisitions 7,284.00 -146,782.34
Dispositions -8,100.67 175,324.05
Free Delivery -3,700.00
Free Receipt 3,700.00
C205684103 COMSTOCK HOMEBUILDING COS INC CL A COM STK
Acquisitions 3,300.00 -54,242.00
Dispositions -3,300.00 58,384.54
C205768203 COMSTOCK RES INC COM NEW
Acquisitions 800.00 -15,420.00
Dispositions -3,750.00 70,102.23
Free Delivery -2,950.00
Free Receipt 2,950.00
C205862402 COMVERSE TECH INC COM PAR $0.10
Acquisitions 2,200.00 -40,980.56
Dispositions -2,200.00 37,669.49
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
49
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C206156101 CONCORD CAMERA CORP COM
Acquisitions 2,150.00 -14,736.45
Dispositions -6,500.00 39,665.15
Free Delivery -4,350.00
Free Receipt 4,350.00
C216648402 COOPER COS INC COM NEW
Acquisitions 1,240.00 -72,939.85
Free Delivery -1,260.00
Free Receipt 1,260.00
C21872P105 CORGENTECH INC COM
Acquisitions 800.00 -12,800.00
Dispositions -800.00 15,172.88
C219350105 CORNING INC COM
Acquisitions 245,100.00 -2,910,147.90
Dispositions -68,300.00 765,196.87
C221485105 COST PLUS INC CAL COM
Dispositions -770.00 29,964.07
Free Delivery -770.00
Free Receipt 770.00
C22160K105 COSTCO WHSL CORP NEW COM
Acquisitions 300.00 -13,286.52
Dispositions -3,400.00 141,973.36
C222816100 COVANCE INC COM
Acquisitions 3,550.00 -127,688.88
Free Delivery -2,400.00
Free Receipt 2,400.00
C22284P105 COVENANT TRANS INC NEV CL A
Acquisitions 190.00 -3,442.50
Dispositions -2,060.00 35,323.84
Free Delivery -1,870.00
Free Receipt 1,870.00
C224051102 COX RADIO INC CL A
Acquisitions 3,600.00 -81,613.24
Dispositions -4,600.00 84,828.37
Free Delivery -1,000.00
Free Receipt 1,000.00
C225223106 CRAY INC COM
Acquisitions 3,000.00 -25,635.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
50
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -8,500.00 60,162.34
Free Delivery -5,500.00
Free Receipt 5,500.00
C230215105 CULP INC COM
Acquisitions 1,650.00 -17,923.00
Dispositions -4,900.00 36,454.45
Free Delivery -3,250.00
Free Receipt 3,250.00
C231082108 CUMULUS MEDIA INC CL A DEL
Acquisitions 1,900.00 -39,589.02
Dispositions -5,650.00 91,052.31
Free Delivery -3,750.00
Free Receipt 3,750.00
C232109108 CUTERA INC
Acquisitions 4,600.00 -66,310.41
Dispositions -4,600.00 57,771.42
C232674507 CYPRESS BIOSCIENCES INC COM PAR $.02
Acquisitions 13,200.00 -158,964.00
Dispositions -3,200.00 43,088.91
C232806109 CYPRESS SEMICONDUCTOR CORP COM
Acquisitions 1,150.00 -24,830.00
Dispositions -3,650.00 44,141.85
Free Delivery -2,500.00
Free Receipt 2,500.00
C232946103 CYTYC CORP COM
Acquisitions 10,200.00 -164,411.89
Dispositions -10,200.00 249,008.82
Free Delivery -1,400.00
Free Receipt 1,400.00
C235851102 DANAHER CORP COM
Acquisitions 13,375.00 -803,238.28
Dispositions -1,700.00 117,821.90
Free Delivery -500.00
Free Receipt 500.00
C242370104 DEAN FOODS CO NEW COM
Acquisitions 2,200.00 -74,448.00
Dispositions -3,500.00 119,066.57
Free Delivery -1,300.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
51
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 1,300.00
C24702R101 DELL INC COM STK
Acquisitions 25,000.00 -861,607.81
Dispositions -48,600.00 1,711,855.11
C247918105 DELTA FINL CORP COM STK
Acquisitions 3,800.00 -25,168.92
Dispositions -3,800.00 37,585.29
C253651103 DIEBOLD INC COM
Acquisitions 1,400.00 -69,984.26
Dispositions -1,400.00 66,499.84
C253827109 DIGIRAD CORP COM
Acquisitions 4,500.00 -54,000.00
Dispositions -4,500.00 40,036.01
C25389G102 DIGITAL THEATER SYS INC OC-COM COM STK
Acquisitions 120.00 -2,979.00
Dispositions -2,340.00 53,964.62
Free Delivery -2,220.00
Free Receipt 2,220.00
C25456W204 DIRECT GEN CORP COM STK
Acquisitions 1,190.00 -39,017.74
Dispositions -4,400.00 155,508.84
Free Delivery -3,210.00
Free Receipt 3,210.00
C25459L106 DIRECTV GROUP INC COM
Acquisitions 8,700.00 -149,682.75
Dispositions -18,900.00 314,326.94
Free Receipt 10,200.00
C23325G104 DJ ORTHOPEDICS INC COM
Acquisitions 3,400.00 -69,592.50
Dispositions -3,400.00 74,493.86
C256669102 DOLLAR GEN CORP COM
Acquisitions 7,200.00 -146,001.66
Dispositions -7,200.00 139,638.60
C256747106 DOLLAR TREE STORES INC COM
Acquisitions 1,600.00 -53,589.28
Dispositions -2,100.00 58,610.74
Free Delivery -500.00
Free Receipt 500.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
52
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C25848T109 DOT HILL SYS CORP COM
Acquisitions 950.00 -13,127.24
Dispositions -7,700.00 104,317.36
Free Delivery -6,750.00
Free Receipt 6,750.00
C260543103 DOW CHEM CO COM
Acquisitions 20,200.00 -833,060.48
Dispositions -12,000.00 509,243.01
C26153C103 DREAMWORKS ANIMATION INC CL A COM STK
Acquisitions 11,625.00 -440,940.63
Dispositions -525.00 19,307.05
C233326107 DST SYS INC COM
Acquisitions 1,200.00 -52,356.00
Dispositions -2,300.00 101,206.91
Free Delivery -1,100.00
Free Receipt 1,100.00
C27579R104 E W BANCORP INC COM
Acquisitions 60.00 -3,049.80
Dispositions -1,180.00 58,936.94
Free Delivery -1,120.00
Free Receipt 1,120.00
C278642103 EBAY INC COM
Acquisitions 35,450.00 -2,895,124.73
Dispositions -20,225.00 1,608,175.10
C27887E100 ECOLLEGE COM COM
Acquisitions 2,220.00 -17,115.27
Dispositions -2,220.00 24,369.25
C281347104 EDO CORP COM
Acquisitions 6,300.00 -164,862.78
Dispositions -2,000.00 63,595.51
Free Delivery -700.00
Free Receipt 700.00
C285512109 ELECTR ARTS COM
Acquisitions 30,800.00 -1,468,222.14
Dispositions -22,900.00 1,157,505.70
Free Delivery -700.00
Free Receipt 700.00
C532457108 ELI LILLY & CO COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
53
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 15,300.00 -991,188.15
Dispositions -8,200.00 548,807.73
C268648102 EMC CORP COM
Acquisitions 25,300.00 -301,065.30
Dispositions -153,000.00 1,772,500.69
C292475209 EMULEX CORP COM NEW
Acquisitions 5,900.00 -140,749.58
Dispositions -6,700.00 84,762.67
Free Delivery -800.00
Free Receipt 800.00
C292659109 ENERGY CONVERSION DEVICES INC COM
Acquisitions 6,250.00 -125,132.65
Dispositions -1,250.00 24,548.92
C293639100 ENTERCOM COMMUNICATIONS CORP CL A
Acquisitions 1,700.00 -80,067.83
Dispositions -2,200.00 90,764.65
Free Delivery -500.00
Free Receipt 500.00
C29426L108 EPICOR SOFTWARE CORP COM
Acquisitions 14,000.00 -191,520.06
Dispositions -4,000.00 58,390.63
C294703103 EQTY INNS INC COM
Acquisitions 1,500.00 -14,557.50
Dispositions -6,500.00 72,559.09
Free Delivery -5,000.00
Free Receipt 5,000.00
C300645108 EXAR CORP COM
Acquisitions 6,200.00 -92,968.21
Dispositions -6,200.00 86,027.32
C30161N101 EXELON CORP COM
Acquisitions 4,700.00 -156,071.02
Dispositions -7,200.00 259,614.39
C302130109 EXPEDITORS INTL WASH INC COM
Acquisitions 1,700.00 -65,874.83
Dispositions -2,700.00 114,732.07
Free Delivery -1,000.00
Free Receipt 1,000.00
C30226D106 EXTREME NETWORKS INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
54
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 4,500.00 -37,824.80
Dispositions -10,000.00 70,674.16
Free Delivery -5,500.00
Free Receipt 5,500.00
C30231G102 EXXON MOBIL CORP COM
Acquisitions 6,100.00 -253,743.80
Dispositions -2,300.00 108,883.36
C302297106 EYETECH PHARMACEUTICALS INC COM
Acquisitions 3,100.00 -92,716.72
Dispositions -3,100.00 129,607.13
C303726103 FAIRCHILD SEMICONDUCTOR INTL INC COM
Acquisitions 1,250.00 -31,417.88
Dispositions -3,750.00 75,394.62
Free Delivery -2,500.00
Free Receipt 2,500.00
C311900104 FASTENAL CO COM
Acquisitions 600.00 -29,903.88
Dispositions -1,200.00 57,887.49
Free Delivery -600.00
Free Receipt 600.00
C31428X106 FEDEX CORP COM
Acquisitions 2,400.00 -195,052.30
Dispositions -4,400.00 364,653.17
C316869106 FILENET CORP COM
Acquisitions 3,000.00 -61,921.80
Dispositions -3,000.00 79,253.94
C31942D107 FIRST CASH FINANCIAL SERVICES INC
Acquisitions 9,500.00 -207,414.80
Dispositions -2,500.00 63,300.01
C337932107 FIRSTENERGY CORP COM
Acquisitions 13,200.00 -513,595.61
Dispositions -16,600.00 621,856.07
C338032204 FISHER SCIENTIFIC INTL INC COM NEW
Acquisitions 1,100.00 -61,793.74
Dispositions -1,100.00 62,334.88
C30249U101 FMC TECHNOLOGIES INC COM
Acquisitions 3,820.00 -107,986.56
Free Delivery -1,180.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
55
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 1,180.00
C313586109 FNMA COM STK
Acquisitions 6,600.00 -490,500.90
Dispositions -22,775.00 1,578,084.68
C345838106 FOREST LAB INC COM
Acquisitions 19,400.00 -1,370,344.44
Dispositions -23,500.00 1,000,200.50
C346375108 FORMFACTOR INC COM STK
Acquisitions 7,500.00 -147,169.97
Dispositions -1,500.00 40,086.11
C35039W100 FOUNDATION COAL HLDGS INC COM STK
Acquisitions 9,600.00 -212,120.96
Dispositions -1,600.00 35,364.61
C35166A103 FOXHOLLOW TECHNOLOGIES INC COM STK
Acquisitions 600.00 -8,400.00
Dispositions -600.00 12,131.77
C352451108 FRANKLIN BK CORP COM COM
Acquisitions 500.00 -9,228.99
Dispositions -2,300.00 44,417.34
Free Delivery -1,800.00
Free Receipt 1,800.00
C356108100 FREDS INC CL A
Acquisitions 2,700.00 -67,892.47
Dispositions -2,700.00 37,768.58
C35687M206 FREESCALE SEMICONDUCTOR INC CL B COM STK
Dispositions -0.46 8.42
Free Receipt 5,178.46
C354613101 FRKLN RES INC COM
Acquisitions 15,500.00 -834,356.05
Dispositions -6,300.00 340,761.04
C361268105 G & K SVCS INC CL A
Acquisitions 1,940.00 -73,942.59
Free Delivery -1,060.00
Free Receipt 1,060.00
C36466R101 GAMESTOP CORP CL A
Dispositions -2,120.00 37,540.47
Free Delivery -2,120.00
Free Receipt 2,120.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
56
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C36471P108 GANDER MTN CO COM
Acquisitions 500.00 -8,000.00
Dispositions -500.00 10,710.99
C366651107 GARTNER GROUP INC NEW CL A COM
Acquisitions 1,950.00 -22,679.38
Dispositions -5,500.00 64,165.99
Free Delivery -3,550.00
Free Receipt 3,550.00
C369385109 GEN COMMUNICATION INC CL A
Acquisitions 6,300.00 -62,389.90
Free Delivery -5,500.00
Free Receipt 5,500.00
C369604103 GEN ELEC CO COM
Acquisitions 101,600.00 -3,446,126.54
Dispositions -148,300.00 4,785,940.05
C36866T103 GEN-PROBE INC NEW COM
Acquisitions 2,300.00 -89,097.78
Dispositions -550.00 24,170.11
Free Delivery -2,750.00
Free Receipt 2,750.00
C368706107 GENELABS TECHNOLOGIES INC COM
Acquisitions 8,400.00 -17,850.26
Dispositions -8,400.00 7,139.83
C368710406 GENENTECH INC COM STK
Acquisitions 4,300.00 -219,322.01
Dispositions -11,200.00 621,641.07
C374393106 GEVITY HR INC COM STK
Acquisitions 5,300.00 -118,893.13
Dispositions -5,300.00 83,208.11
C999500FC0 GIC AEGON GLOBAL WRAP CNTRCT
CDA00004TR RATE: 5.67% (BLEND**INC
Acquisitions 24,327,407.44 -24,327,407.44
Dispositions -30,005,829.84 30,005,829.84
C375558103 GILEAD SCI INC COM
Acquisitions 37,500.00 -1,726,955.59
Dispositions -32,000.00 1,449,492.68
Free Delivery -700.00
Free Receipt 700.00
C37934A100 GLOBAL IMAGING SYS INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
57
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 560.00 -17,833.03
Dispositions -1,830.00 68,824.68
Free Delivery -1,270.00
Free Receipt 1,270.00
C381317106 GOLDEN W. FNCL CORP COM
Acquisitions 8,500.00 -955,863.55
Dispositions -2,900.00 307,600.16
Free Delivery -200.00
Free Receipt 200.00
C38141G104 GOLDMAN SACHS GROUP INC COM
Acquisitions 14,025.00 -1,256,493.91
Dispositions -30,625.00 3,134,118.20
C382388106 GOODRICH CORPORATION
Acquisitions 28,900.00 -862,667.18
Dispositions -7,500.00 233,173.56
Free Delivery -1,500.00
Free Receipt 1,500.00
C38259P508 GOOGLE INC CL A
Acquisitions 17,775.00 -2,905,974.12
Dispositions -1,475.00 226,559.07
C38374W107 GOVT PPTYS TR INC REIT
Acquisitions 2,550.00 -27,584.01
Dispositions -2,550.00 22,738.07
C389375106 GRAY T.V INC COM CL B
Acquisitions 8,000.00 -116,375.30
Dispositions -8,000.00 117,677.59
C393657101 GREENBRIER COS INC COM STK
Acquisitions 4,300.00 -70,248.04
Dispositions -4,300.00 144,857.78
C395150105 GREENFIELD ONLINE INC COM
Acquisitions 7,786.00 -143,659.78
Dispositions -4,786.00 95,661.31
C395259104 GREENHILL & CO INC COM
Acquisitions 2,300.00 -40,250.00
Dispositions -2,300.00 54,335.16
C397888108 GREY WOLF INC COM
Acquisitions 28,900.00 -110,156.79
Dispositions -52,500.00 259,738.45
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
58
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -23,600.00
Free Receipt 23,600.00
C401698105 GUIDANT CORP COM STK
Acquisitions 15,000.00 -960,671.00
Dispositions -15,000.00 947,164.97
C402040109 GUITAR CTR INC COM
Acquisitions 2,810.00 -122,754.18
Free Delivery -1,790.00
Free Receipt 1,790.00
C403777105 GYMBOREE CORP COM
Acquisitions 2,200.00 -35,674.86
Dispositions -6,800.00 97,970.97
Free Delivery -4,600.00
Free Receipt 4,600.00
C413086109 HARMAN INTL INDS INC NEW COM STK USD0.01
Acquisitions 2,200.00 -163,375.32
Dispositions -400.00 50,668.05
C413833104 HARRIS & HARRIS GROUP INC COM
Acquisitions 3,280.00 -37,650.40
Dispositions -5,580.00 71,103.88
Free Delivery -2,300.00
Free Receipt 2,300.00
C415864107 HARSCO CORP COM
Acquisitions 2,150.00 -103,269.34
Free Delivery -800.00
Free Receipt 800.00
C404119109 HCA INC COM
Acquisitions 25,000.00 -1,007,182.02
Dispositions -3,900.00 161,038.56
C428236103 HEWLETT PACKARD CO COM
Acquisitions 83,150.00 -1,639,947.21
Dispositions -28,575.00 619,711.93
C428358105 HI / FN INC COM STK
Acquisitions 4,200.00 -49,662.06
Dispositions -4,200.00 30,965.03
C428565105 HIBBETT SPORTING GOODS INC COM
Acquisitions 5,690.00 -160,950.72
Dispositions -2,400.00 60,298.58
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
59
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -3,810.00
Free Receipt 3,810.00
C432848109 HILTON HOTELS CORP COM
Acquisitions 3,900.00 -64,681.71
Dispositions -5,700.00 94,920.78
Free Delivery -1,800.00
Free Receipt 1,800.00
C437076102 HOME DEPOT INC COM
Acquisitions 5,000.00 -177,315.00
Dispositions -30,000.00 1,103,329.08
C438516106 HONEYWELL INTL INC COM STK
Acquisitions 5,100.00 -181,579.81
Dispositions -17,300.00 607,802.56
C441060100 HOSPIRA INC COM
Dispositions -2,090.00 55,488.19
Free Receipt 2,090.00
C441339108 HOT TOPIC INC COM
Acquisitions 4,500.00 -88,107.70
Dispositions -4,500.00 78,373.31
C44183Y102 HOUSEVALUES INC COM COM
Acquisitions 4,400.00 -66,000.00
Dispositions -1,000.00 14,921.65
C447462102 HURON CONSULTING GROUP INC COM STK
Acquisitions 2,300.00 -35,650.00
Dispositions -2,300.00 50,632.16
C44919P102 IAC / INTERACTIVECORP COM
Dispositions -11,800.00 263,618.64
Free Receipt 11,800.00
C45245E109 IMAX CORP COM
Acquisitions 2,400.00 -19,117.52
Dispositions -5,050.00 34,562.86
Free Delivery -2,650.00
Free Receipt 2,650.00
C45256B101 IMPAX LAB INC COM
Acquisitions 3,700.00 -61,874.71
Dispositions -3,700.00 41,215.55
C453235103 INAMED CORP COM
Dispositions -915.00 39,303.35
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
60
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -915.00
Free Receipt 915.00
C999665037 INCOME FROM SECURITIES LENDING ACTIVITIES
Acquisitions 6.00 0.00
Dispositions -7.00 0.00
Free Delivery -1.00
Free Receipt 2.00
CG4776G101 INGERSOLL-RAND CO CL A
Acquisitions 6,400.00 -422,400.27
Dispositions -8,200.00 529,178.94
C45769N105 INNOVATIVE SOLUTIONS & SUPPORT INC
COM ISIN US45769N1054
Acquisitions 1,300.00 -29,756.30
Dispositions -1,300.00 43,641.01
C457652105 INPUT/OUTPUT INC COM
Acquisitions 15,300.00 -136,814.05
Dispositions -4,300.00 34,313.19
C457733103 INSPIRE PHARMACEUTICALS INC COM
Acquisitions 9,800.00 -144,125.68
Dispositions -2,800.00 48,264.98
C45890M109 INTEGRATED ALARM SVCS GROUP INC COM
Acquisitions 150.00 -1,254.00
Dispositions -3,100.00 26,505.55
Free Delivery -2,950.00
Free Receipt 2,950.00
C458140100 INTEL CORP COM
Acquisitions 59,400.00 -1,465,548.92
Dispositions -236,700.00 5,587,727.57
C458683109 INTERGRAPH CORP COM
Acquisitions 3,800.00 -95,087.07
Dispositions -3,800.00 98,829.73
C460981301 INTERSECTIONS INC COM
Acquisitions 3,200.00 -54,400.00
Dispositions -3,200.00 73,547.98
C46069S109 INTERSIL CORP
Acquisitions 3,300.00 -82,538.35
Dispositions -4,700.00 98,631.44
Free Delivery -1,400.00
Free Receipt 1,400.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
61
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C459200101 INTL BUSINESS MACHS CORP COM
Acquisitions 900.00 -79,491.85
Dispositions -2,900.00 263,664.66
C459902102 INTL GAME TECH COM
Acquisitions 31,600.00 -1,205,935.23
Dispositions -31,600.00 937,419.71
C460146103 INTL PAPER CO COM
Acquisitions 14,000.00 -554,105.25
Dispositions -7,400.00 311,609.99
C46117A100 INTRADO INC COM
Acquisitions 1,700.00 -37,823.47
Dispositions -1,700.00 35,567.94
C461202103 INTUIT COM
Acquisitions 13,000.00 -509,902.56
Dispositions -8,800.00 407,191.80
C46145F105 INVT TECH GROUP INC NEW COM
Dispositions -2,850.00 43,009.94
Free Delivery -2,850.00
Free Receipt 2,850.00
C462070103 IONATRON INC COM
Acquisitions 16,900.00 -101,532.33
Dispositions -6,900.00 66,920.15
C46262E105 IPAYMENT INC COM STK
Acquisitions 950.00 -32,231.47
Dispositions -2,500.00 102,885.36
Free Delivery -1,550.00
Free Receipt 1,550.00
C45031X204 ISTA PHARMACEUTICALS INC COM NEW STK
Acquisitions 2,840.00 -28,834.86
Dispositions -4,700.00 45,986.54
Free Delivery -1,860.00
Free Receipt 1,860.00
C465823102 IVAX CORP COM
Acquisitions 6,600.00 -157,267.59
Dispositions -8,250.00 129,023.30
C46588H105 IVILLAGE INC COM COM ISIN # US6588H1059
Acquisitions 12,500.00 -59,809.47
Dispositions -12,500.00 96,735.39
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
62
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C45071R109 IXIA COM
Acquisitions 6,400.00 -44,091.58
Dispositions -6,400.00 94,775.37
C466313103 JABIL CIRCUIT INC COM
Acquisitions 1,900.00 -56,430.00
Dispositions -3,400.00 89,468.27
Free Delivery -1,500.00
Free Receipt 1,500.00
C47023T100 JAMDAT MOBILE INC COM
Acquisitions 2,190.00 -35,040.00
Dispositions -2,190.00 49,755.63
C471109108 JARDEN CORP COM
Acquisitions 2,310.00 -78,496.99
Free Delivery -3,990.00
Free Receipt 3,990.00
C46612K108 JDA SOFTWARE GROUP INC COM
Acquisitions 4,500.00 -58,852.07
Dispositions -4,500.00 61,208.46
C478160104 JOHNSON & JOHNSON COM
Acquisitions 6,400.00 -361,820.46
Dispositions -16,975.00 938,823.87
C48020Q107 JONES LANG LASALLE INC COM STK
Acquisitions 3,500.00 -94,199.11
Free Delivery -1,500.00
Free Receipt 1,500.00
C480838101 JOS A BK CLOTHIERS INC COM
Acquisitions 550.00 -24,211.92
Dispositions -2,475.00 66,403.83
Free Delivery -770.00
Free Receipt 770.00
C46625H100 JPMORGAN CHASE & CO COM
Acquisitions 71,000.00 -2,792,299.04
Dispositions -14,400.00 575,253.37
Free Receipt 81,312.00
C48203R104 JUNIPER NETWORKS INC COM
Acquisitions 102,575.00 -2,514,941.07
Dispositions -19,475.00 515,552.91
C482740206 K.V PHARMACEUTICAL CL A
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
63
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,250.00 -32,365.25
Dispositions -3,850.00 76,747.57
Free Delivery -2,600.00
Free Receipt 2,600.00
C482434206 KCS ENERGY INC
Acquisitions 500.00 -5,067.80
Dispositions -2,400.00 23,760.51
Free Delivery -1,900.00
Free Receipt 1,900.00
C487836108 KELLOGG CO COM
Acquisitions 5,200.00 -198,489.68
Dispositions -19,000.00 764,767.98
C488044108 KELLWOOD CO COM
Acquisitions 1,840.00 -75,957.74
Dispositions -3,100.00 102,134.84
Free Delivery -1,260.00
Free Receipt 1,260.00
C492386107 KERR MCGEE CORP COM
Acquisitions 2,300.00 -113,066.94
Dispositions -10,400.00 579,562.79
C492914106 KEY ENERGY SVCS INC
Acquisitions 3,700.00 -43,857.00
Dispositions -10,500.00 93,156.60
Free Delivery -6,800.00
Free Receipt 6,800.00
C494580103 KINDRED HEALTHCARE INC COM STK
Acquisitions 2,470.00 -82,405.07
Free Delivery -970.00
Free Receipt 970.00
C49460W208 KINETIC CONCEPTS INC COM NEW
Acquisitions 3,300.00 -116,584.16
Dispositions -3,300.00 147,660.95
C482480100 KLA-TENCOR CORP
Acquisitions 2,100.00 -100,350.71
Dispositions -10,900.00 503,350.10
C499063105 KNIGHT TRADING GROUP INC CL A COM
Acquisitions 1,850.00 -26,399.30
Dispositions -5,650.00 54,577.71
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
64
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -3,800.00
Free Receipt 3,800.00
C500255104 KOHLS CORP COM
Acquisitions 7,200.00 -351,278.20
Dispositions -17,900.00 781,057.54
C501044101 KROGER CO COM
Acquisitions 60,300.00 -1,033,775.75
Dispositions -60,300.00 986,151.98
C501577100 KYPHON INC COM
Acquisitions 2,150.00 -56,081.39
Dispositions -4,000.00 96,895.92
Free Delivery -1,850.00
Free Receipt 1,850.00
C502424104 L-3 COMMUNICATIONS HLDG CORP COM
Acquisitions 1,100.00 -61,465.03
Dispositions -1,800.00 104,472.97
Free Delivery -700.00
Free Receipt 700.00
C50540R409 LAB CORP AMER HLDGS COM NEW
Acquisitions 2,900.00 -114,648.31
Dispositions -18,600.00 744,611.49
C505401208 LABOR READY INC COM NEW
Acquisitions 2,750.00 -35,914.46
Dispositions -6,900.00 107,355.39
Free Delivery -4,150.00
Free Receipt 4,150.00
C511795106 LAKELAND INDS INC COM COM
Acquisitions 2,400.00 -51,614.62
Dispositions -2,400.00 41,726.62
C512815101 LAMAR ADVERTISING CO CL A COM
Acquisitions 1,100.00 -44,897.49
Dispositions -1,700.00 69,200.46
Free Delivery -600.00
Free Receipt 600.00
C515098101 LANDSTAR SYS INC COM
Acquisitions 50.00 -1,971.50
Dispositions -1,040.00 39,778.13
Free Delivery -990.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
65
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 990.00
C517834107 LAS VEGAS SANDS CORP COM STK
Acquisitions 1,450.00 -42,050.00
Dispositions -1,450.00 61,758.98
C518439104 LAUDER ESTEE COS INC CL A
Acquisitions 10,500.00 -473,405.08
Dispositions -3,800.00 164,980.66
Free Delivery -1,200.00
Free Receipt 1,200.00
C520780107 LAWSON SOFTWARE INC COM
Acquisitions 11,000.00 -85,076.90
Dispositions -11,000.00 64,561.71
C501810105 LCC INTL INC CL A
Acquisitions 6,300.00 -47,208.01
Dispositions -15,000.00 81,293.56
Free Delivery -8,700.00
Free Receipt 8,700.00
C52186N106 LEAPFROG ENTERPRISES INC CL A
Acquisitions 1,370.00 -42,257.40
Dispositions -1,370.00 27,892.11
C524908100 LEHMAN BROS HLDGS INC COM
Acquisitions 16,400.00 -1,295,770.87
Dispositions -17,600.00 1,372,199.83
C529771107 LEXMARK INTL INC NEW CL A
Acquisitions 4,050.00 -356,086.36
Dispositions -650.00 56,606.52
C999209430 LIAB. RE: TERM NOTE @ 4.6% DATED
12/10/04 DUE 12/31/2012 ORIGINAL **INC
Acquisitions 874,517.17 0.00
Dispositions -19,162,250.00 0.00
C532774106 LIN TV CORP CL A CL A
Acquisitions 2,000.00 -44,968.66
Dispositions -4,500.00 85,833.40
Free Delivery -2,500.00
Free Receipt 2,500.00
C535678106 LINEAR TECH CORP DEL
Acquisitions 1,400.00 -53,620.55
Dispositions -1,400.00 51,721.22
C535679104 LINENS N THINGS INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
66
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,800.00 -61,068.96
Dispositions -2,600.00 89,606.91
Free Delivery -800.00
Free Receipt 800.00
C542312103 LONE STAR TECHNOLOGIES INC COM
Acquisitions 1,470.00 -22,766.98
Dispositions -1,470.00 23,874.51
C548661107 LOWES COS INC COM
Acquisitions 14,000.00 -766,850.18
Dispositions -17,200.00 909,923.74
C532716107 LTD BRANDS
Acquisitions 10,800.00 -211,826.21
Dispositions -47,220.00 1,230,484.00
C549764108 LUFKIN INDS INC COM
Acquisitions 250.00 -7,534.00
Dispositions -1,150.00 36,151.15
Free Delivery -900.00
Free Receipt 900.00
C55261F104 M & T BK CORP COM
Acquisitions 1,650.00 -157,453.40
Dispositions -2,250.00 211,006.11
Free Delivery -200.00
Free Receipt 200.00
C554225102 MACATAWA BK CORP COM
Acquisitions 340.00 -9,168.61
Dispositions -1,722.00 53,355.26
Free Delivery -1,300.00
Free Receipt 1,300.00
C556100105 MACROMEDIA INC COM
Acquisitions 5,500.00 -127,075.51
Dispositions -3,300.00 66,186.33
Free Delivery -4,650.00
Free Receipt 4,650.00
C564563104 MANTECH INTL CORP CL A CL A
Acquisitions 520.00 -11,190.01
Dispositions -1,850.00 39,542.94
Free Delivery -1,330.00
Free Receipt 1,330.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
67
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C565011103 MANUGISTICS GROUP INC COM
Acquisitions 5,300.00 -32,584.00
Dispositions -5,300.00 26,778.36
C57383M108 MARVEL ENTERPRISES INC COM STK
Acquisitions 7,025.00 -174,257.22
Dispositions -5,825.00 81,332.57
Free Delivery -3,400.00
Free Receipt 3,400.00
CG5876H105 MARVELL TECH GROUP MARVELL TECH GROUP
INC
Acquisitions 62,500.00 -2,152,218.04
Dispositions -19,100.00 625,968.72
Free Delivery -500.00
Free Receipt 500.00
C574599106 MASCO CORP COM
Acquisitions 43,800.00 -1,241,817.01
Dispositions -43,800.00 1,425,805.73
C577081102 MATTEL INC COM
Dispositions -500.00 9,290.41
Free Delivery -500.00
Free Receipt 500.00
C57772K101 MAXIM INTEGRATED PRODS INC COM
Acquisitions 22,225.00 -1,040,683.81
Dispositions -43,425.00 1,945,602.34
C577778BH5 MAY DEPT STORES CO CO 6.7 DUE 09-15-2028BEO
Acquisitions 500,000.00 -505,822.00
Dispositions -75,000.00 78,055.50
C55262L100 MBNA CORP COM
Acquisitions 83,900.00 -2,164,141.78
Dispositions -12,300.00 326,365.26
C580135101 MC DONALDS CORP COM
Acquisitions 5,300.00 -151,401.86
Dispositions -29,625.00 779,522.15
C58155Q103 MCKESSON CORP
Acquisitions 45,500.00 -1,432,278.07
Dispositions -45,500.00 1,236,679.24
C584699102 MEDIMMUNE INC COM
Acquisitions 34,900.00 -770,123.52
Dispositions -34,900.00 830,707.65
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
68
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C585055106 MEDTRONIC INC COM
Acquisitions 12,000.00 -586,943.54
Dispositions -71,500.00 3,450,764.84
C58551A108 MELLON FINL CORP COM
Acquisitions 31,900.00 -914,104.79
Dispositions -2,800.00 83,374.62
Free Delivery -700.00
Free Receipt 700.00
C587376104 MERCANTILE BK CORP COM
Acquisitions 270.00 -9,723.41
Dispositions -1,354.50 47,555.08
Free Delivery -1,020.00
Free Receipt 1,020.00
C589331107 MERCK & CO INC COM
Acquisitions 3,000.00 -139,969.86
Dispositions -18,600.00 814,098.24
C589405109 MERCURY INTERACTIVE CORP COM
Acquisitions 11,300.00 -502,706.10
Dispositions -3,600.00 150,015.43
Free Delivery -900.00
Free Receipt 900.00
C589981109 MERGE TECHNOLOGIES INC COM
Acquisitions 1,790.00 -25,082.73
Dispositions -1,790.00 35,041.46
C590188108 MERRILL LYNCH & CO INC COM STK
Acquisitions 34,375.00 -1,944,239.47
Dispositions -36,200.00 1,951,814.83
C591097209 METAL MGMT INC COM NEW STK NEW
Acquisitions 1,180.00 -44,817.90
Dispositions -8,720.00 144,002.37
Free Delivery -3,880.00
Free Receipt 3,880.00
C59156R108 METLIFE INC COM ISIN US59156R1086
Acquisitions 31,900.00 -1,168,880.89
Dispositions -7,500.00 296,753.86
C592688105 METTLER-TOLEDO INTL INC COM
Acquisitions 1,570.00 -71,781.40
Dispositions -1,400.00 58,038.72
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
69
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -1,430.00
Free Receipt 1,430.00
C611992488 MFO MONSANTO DODGE & COX BALANCED UNITS
Acquisitions 336,402.64 -47,907,695.86
Dispositions -155,274.81 21,682,857.86
C611992470 MFO MONSANTO FXD FD UNITIZED SEC
Acquisitions 33,128,460.33 -63,622,970.35
Dispositions -49,760,980.49 95,312,656.51
C611992991 MFO MONSANTO GROWTH & INC UNITIZED SEC
Acquisitions 961,508.34 -24,332,142.67
Dispositions -1,686,751.37 42,537,125.97
C611992447 MFO MONSANTO GROWTH FD UNIT DV UNIT SEC
Acquisitions 196,097.71 -9,852,512.77
Dispositions -253,009.47 12,739,903.92
C552880106 MGI PHARMA INC COM
Acquisitions 400.00 -20,666.92
Dispositions -900.00 49,416.18
Free Delivery -500.00
Free Receipt 500.00
C595017104 MICROCHIP TECH INC COM
Acquisitions 2,800.00 -82,584.23
Dispositions -10,800.00 295,692.54
Free Delivery -1,000.00
Free Receipt 1,000.00
C594918104 MICROSOFT CORP COM
Acquisitions 60,100.00 -1,670,831.72
Dispositions -210,600.00 5,623,954.17
C594972408 MICROSTRATEGY INC CL A NEW
Acquisitions 40.00 -2,195.20
Dispositions -820.00 47,023.83
Free Delivery -780.00
Free Receipt 780.00
C60741U101 MOBILITY ELECTRONICS INC COM
Acquisitions 6,900.00 -62,140.71
Dispositions -6,900.00 51,145.94
C608554200 MOLEX INC CL A
Dispositions -800.00 23,103.91
Free Delivery -800.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
70
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 800.00
C60855R100 MOLINA HEALTHCARE INC COM
Acquisitions 3,220.00 -135,957.16
Dispositions -1,920.00 52,891.87
Free Delivery -1,700.00
Free Receipt 1,700.00
C610236101 MONRO MUFFLER BRAKE INC COM
Acquisitions 1,840.00 -43,556.16
Dispositions -3,700.00 88,267.35
Free Delivery -1,860.00
Free Receipt 1,860.00
C61166W101 MONSANTO CO NEW COM
Acquisitions 589,800.00 -22,006,310.62
Dispositions -735,056.00 27,471,933.17
Free Delivery -1,472,921.00
Free Receipt 1,409,695.00
C999899602 MONSANTO PARTICIPANT LOANS
Acquisitions 9,447,472.47 -9,447,472.47
Dispositions -9,166,277.32 9,166,277.32
C615394202 MOOG INC CL A
Acquisitions 1,600.00 -62,963.50
Dispositions -1,600.00 74,303.04
C617446448 MORGAN STANLEY
Acquisitions 29,600.00 -1,542,998.77
Dispositions -26,500.00 1,454,487.48
C620076109 MOTOROLA INC COM
Acquisitions 53,900.00 -937,302.39
Dispositions -92,300.00 1,742,667.15
C55377A106 MTC TECHNOLOGIES INC COM
Acquisitions 2,890.00 -76,198.43
Dispositions -5,290.00 150,650.84
Free Delivery -2,400.00
Free Receipt 2,400.00
C62852P103 MYKROLIS CORP COM
Acquisitions 3,680.00 -54,217.60
Dispositions -8,700.00 88,086.81
Free Delivery -5,020.00
Free Receipt 5,020.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
71
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
CG6359F103 NABORS INDUSTRIES COM USD0.10
Acquisitions 30,700.00 -1,384,673.99
Dispositions -2,500.00 113,112.36
Free Delivery -1,100.00
Free Receipt 1,100.00
C637071101 NATIONAL OILWELL VARCO COM STK
Acquisitions 5,500.00 -152,230.71
Dispositions -500.00 16,875.05
C637640103 NATL SEMICONDUCTOR CORP COM
Acquisitions 67,700.00 -1,947,313.36
Dispositions -18,300.00 231,373.02
C638904102 NAVIGATORS GROUP INC COM
Acquisitions 490.00 -14,265.76
Dispositions -1,600.00 45,090.13
Free Delivery -1,110.00
Free Receipt 1,110.00
C640268108 NEKTAR THERAPEUTICS COM
Acquisitions 11,650.00 -215,100.84
Dispositions -7,100.00 110,139.83
Free Delivery -2,450.00
Free Receipt 2,450.00
C64031N108 NELNET INC CL A
Acquisitions 1,750.00 -41,235.50
Dispositions -4,950.00 90,662.58
Free Delivery -3,200.00
Free Receipt 3,200.00
C640919106 NEOPHARM INC COM
Acquisitions 1,900.00 -32,632.20
Dispositions -1,900.00 26,796.97
C64125C109 NEUROCRINE BIOSCIENCES INC COM
Acquisitions 1,900.00 -94,646.56
Dispositions -2,200.00 108,919.71
Free Delivery -300.00
Free Receipt 300.00
C65248E104 NEWS CORP CL A COM
Acquisitions 32,300.00 -574,061.85
Dispositions -1,000.00 18,569.56
Free Receipt 168,200.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
72
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C65336K103 NEXSTAR BROADCASTING GROUP INC CL A
Acquisitions 140.00 -1,905.20
Dispositions -1,640.00 22,312.84
Free Delivery -1,500.00
Free Receipt 1,500.00
C65333F107 NEXTEL PARTNERS INC CL A
Acquisitions 3,200.00 -47,973.71
Dispositions -3,200.00 46,912.82
C654106103 NIKE INC CL B
Acquisitions 7,200.00 -529,149.92
Dispositions -8,200.00 608,210.84
Free Delivery -300.00
Free Receipt 300.00
CG65422100 NOBLE CORPORATION COM
Acquisitions 1,400.00 -54,773.96
Dispositions -15,700.00 624,455.75
Free Delivery -500.00
Free Receipt 500.00
C670006105 NOVELL INC COM
Acquisitions 67,600.00 -502,575.50
Dispositions -98,400.00 692,741.79
Free Delivery -13,500.00
Free Receipt 13,500.00
C62936P103 NPS PHARMACEUTICALS INC COM
Acquisitions 1,630.00 -40,847.60
Dispositions -3,350.00 58,626.46
Free Delivery -1,720.00
Free Receipt 1,720.00
C628916108 NS GROUP INC COM
Acquisitions 1,900.00 -17,426.78
Dispositions -4,800.00 58,341.54
Free Delivery -2,900.00
Free Receipt 2,900.00
C629445206 NVE CORP COM NEW
Acquisitions 30.00 -1,617.90
Dispositions -530.00 31,244.68
Free Delivery -500.00
Free Receipt 500.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
73
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C67611V101 ODYSSEY HEALTHCARE INC COM
Acquisitions 2,160.00 -60,818.38
Dispositions -6,210.00 93,177.52
Free Delivery -4,050.00
Free Receipt 4,050.00
C682189105 ON SEMICONDUCTOR CORP COM
Acquisitions 6,300.00 -48,409.50
Dispositions -18,800.00 110,679.68
Free Delivery -12,500.00
Free Receipt 12,500.00
C68273G101 ONLINE RES CORP COM
Acquisitions 6,400.00 -42,041.25
Dispositions -9,600.00 63,817.91
Free Delivery -3,200.00
Free Receipt 3,200.00
C683399109 ONYX PHARMACEUTICALS INC DEL COM
Acquisitions 450.00 -15,566.50
Dispositions -2,450.00 85,852.92
Free Delivery -2,000.00
Free Receipt 2,000.00
C68389X105 ORACLE CORP COM
Acquisitions 115,600.00 -1,348,870.78
Dispositions -185,000.00 2,222,844.43
C671040103 OSI PHARMACEUTICALS INC COM
Acquisitions 1,750.00 -96,804.84
Dispositions -1,100.00 78,247.69
Free Delivery -1,150.00
Free Receipt 1,150.00
C690310107 OVERLAND STORAGE INC COM
Acquisitions 1,420.00 -27,629.35
Dispositions -5,450.00 96,623.72
Free Delivery -4,030.00
Free Receipt 4,030.00
C690322102 OVERNITE CORP COM
Acquisitions 120.00 -2,681.30
Dispositions -2,680.00 60,701.81
Free Delivery -2,560.00
Free Receipt 2,560.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
74
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
CG6797E106 O2 MICRO INTL O2 MICRO INTL LTD COM STK
Acquisitions 15,980.00 -222,357.47
Dispositions -7,250.00 90,719.78
Free Delivery -1,270.00
Free Receipt 1,270.00
C695112102 PACIFICARE HLTH SYS INC DEL COM
Acquisitions 2,100.00 -78,030.49
Dispositions -2,100.00 66,926.65
C695156109 PACKAGING CORP AMER COM ISIN
US6951561090
Acquisitions 3,800.00 -83,370.32
Dispositions -26,100.00 583,922.06
C69713P107 PALMONE COM STK INC
Acquisitions 4,700.00 -107,654.25
Dispositions -1,700.00 67,419.73
C698657103 PANTRY INC COM ISIN #US6986571031
Acquisitions 2,230.00 -44,776.11
Dispositions -2,230.00 62,144.18
C703481101 PATTERSON-UTI ENERGY INC COM COM
Acquisitions 1,800.00 -63,171.49
Dispositions -2,200.00 73,558.19
Free Delivery -400.00
Free Receipt 400.00
C704326107 PAYCHEX INC COM
Acquisitions 6,600.00 -231,455.42
Dispositions -5,800.00 178,058.69
C705560100 PEETS COFFEE & TEA INC COM
Acquisitions 1,150.00 -23,230.41
Dispositions -2,850.00 72,081.35
Free Delivery -1,700.00
Free Receipt 1,700.00
C707051108 PENFORD CORP COM
Acquisitions 800.00 -11,570.14
Dispositions -3,700.00 59,295.24
Free Delivery -2,900.00
Free Receipt 2,900.00
C708160106 PENNEY J.C CO INC COM
Acquisitions 1,500.00 -57,853.26
Dispositions -1,500.00 59,317.76
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
75
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C709754105 PENWEST PHARMACEUTICALS CO COM
Acquisitions 1,430.00 -24,104.44
Dispositions -3,920.00 57,157.34
Free Delivery -2,490.00
Free Receipt 2,490.00
C712714302 PEOPLESUPPORT INC COM STK
Acquisitions 3,500.00 -28,243.85
Dispositions -3,500.00 31,138.41
C713448108 PEPSICO INC COM
Acquisitions 11,300.00 -583,240.24
Dispositions -31,750.00 1,614,815.21
C713755106 PERFORMANCE FOOD GROUP CO COM
Acquisitions 2,490.00 -85,056.42
Dispositions -5,290.00 173,900.36
Free Delivery -2,800.00
Free Receipt 2,800.00
C714265105 PEROT SYS CORP CDT-CL A COM STK
Acquisitions 7,900.00 -106,252.72
Dispositions -7,900.00 123,472.04
C717081103 PFIZER INC COM STK $.11 1/9 PAR
Acquisitions 184,645.00 -5,727,189.93
Dispositions -3,172,675.00 101,519,121.83
Free Delivery -480,420.00
Free Receipt 236,783.00
C719364101 PHOTON DYNAMICS INC COM
Acquisitions 7,900.00 -222,619.74
Dispositions -1,900.00 43,496.06
C724078100 PIPER JAFFRAY COS COM
Dispositions -480.73 20,775.09
Free Receipt 480.73
C726079106 PLACER SIERRA BANCSHARES COM STK
Acquisitions 1,300.00 -26,000.00
Dispositions -1,300.00 25,438.19
C736187204 PORTALPLAYER INC COM COM STK
Acquisitions 800.00 -13,600.00
Dispositions -600.00 15,261.14
C74268T108 PROCENTURY CORP COM
Acquisitions 6,200.00 -65,100.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
76
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -6,200.00 59,057.64
C742718109 PROCTER & GAMBLE CO COM
Acquisitions 21,000.00 -1,286,315.81
Dispositions -17,100.00 1,049,227.03
C743187106 PROGENICS PHARMACEUTICALS INC COM
Acquisitions 1,540.00 -33,555.19
Dispositions -2,300.00 40,499.20
Free Delivery -760.00
Free Receipt 760.00
C743315103 PROGRESSIVE CORP OH COM
Acquisitions 1,900.00 -161,550.14
Dispositions -22,200.00 1,894,549.54
C743606105 PROSPERITY BANCSHARES INC COM COM
Acquisitions 40.00 -934.00
Dispositions -970.00 22,304.20
Free Delivery -930.00
Free Receipt 930.00
C743815102 PROVID SVC CORP COM STK
Acquisitions 3,700.00 -58,564.68
Dispositions -3,700.00 71,233.32
C744320102 PRUDENTIAL FINL INC COM
Acquisitions 7,900.00 -334,950.85
Dispositions -7,400.00 352,720.37
C746927102 QLT INC COM STK
Acquisitions 3,800.00 -73,053.42
Dispositions -3,800.00 62,356.53
C747525103 QUALCOMM INC COM COM
Acquisitions 88,100.00 -4,240,761.95
Dispositions -11,500.00 630,222.15
C748773108 QUINTON CARDIOLOGY SYS INC COM
Acquisitions 4,000.00 -42,000.00
Dispositions -4,000.00 42,713.39
C75040P405 RADIO 1 INC CL D NON VTG
Acquisitions 5,500.00 -92,571.35
Free Delivery -2,500.00
Free Receipt 2,500.00
CM81873107 RADWARE LTD COM STK
Acquisitions 2,900.00 -73,780.07
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
77
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -7,350.00 140,281.89
Free Delivery -4,450.00
Free Receipt 4,450.00
C756577102 RED HAT INC COM
Acquisitions 25,800.00 -477,411.65
Dispositions -29,350.00 531,166.89
Free Delivery -3,550.00
Free Receipt 3,550.00
C75689M101 RED ROBIN GOURMET BURGERS INC COM
Acquisitions 1,780.00 -47,790.86
Dispositions -1,780.00 83,919.51
C757209507 REDBACK NETWORKS INC COM NEW COM NEW
Acquisitions 16,600.00 -107,347.56
Dispositions -16,600.00 106,630.27
C758075402 REDWOOD TR INC COM
Acquisitions 1,910.00 -108,771.35
Free Delivery -2,710.00
Free Receipt 2,710.00
C758932107 REGIS CORP MINN COM
Acquisitions 4,300.00 -187,853.42
Dispositions -700.00 28,513.66
Free Delivery -2,400.00
Free Receipt 2,400.00
C759930100 RENAL CARE GROUP INC COM
Acquisitions 3,870.00 -147,837.09
Free Delivery -1,780.00
Free Receipt 1,780.00
C760975102 RESEARCH IN MOTION LTD COM COM
Acquisitions 17,500.00 -1,431,086.78
Dispositions -500.00 44,048.70
C761152107 RESMED INC COM
Acquisitions 3,300.00 -145,766.02
Dispositions -1,700.00 78,763.08
C769320102 RIVERSTONE NETWORKS INC COM
Acquisitions 13,600.00 -24,167.20
Dispositions -13,600.00 26,155.64
C770323103 ROBERT HALF INTL INC COM
Acquisitions 2,100.00 -47,951.89
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
78
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -2,100.00 55,947.01
C775371107 ROHM & HAAS CO COM
Acquisitions 1,700.00 -67,076.27
Dispositions -4,700.00 188,028.73
C776696106 ROPER INDS INC NEW COM
Acquisitions 2,150.00 -120,546.69
Free Delivery -1,750.00
Free Receipt 1,750.00
C781270103 RUDOPLH TECHNOLOGIES INC COM
Acquisitions 6,580.00 -143,451.71
Dispositions -2,800.00 47,258.97
Free Delivery -1,220.00
Free Receipt 1,220.00
C844741108 S.W. AIRL CO COM
Acquisitions 1,900.00 -27,671.36
Dispositions -1,900.00 27,548.59
C786429100 SAFECO CORP COM
Acquisitions 36,300.00 -1,678,462.23
Dispositions -29,000.00 1,268,071.07
C78645R107 SAFENET INC COM
Acquisitions 6,100.00 -205,456.74
Dispositions -2,500.00 81,365.09
C79466L302 SALESFORCE COM INC COM STK
Acquisitions 400.00 -4,400.00
Dispositions -400.00 4,761.88
C795435106 SALIX PHARMACEUTICALS LTD COM DE
Acquisitions 7,100.00 -158,329.17
Dispositions -3,860.00 77,592.14
C78387G103 SBC COMMUNICATIONS INC COM
Acquisitions 7,900.00 -205,072.01
Dispositions -41,851.00 1,084,928.28
C806605101 SCHERING-PLOUGH CORP COM
Acquisitions 61,700.00 -1,181,585.74
Dispositions -22,300.00 435,734.94
C806857108 SCHLUMBERGER LTD COM STK
Acquisitions 20,400.00 -1,319,648.74
Dispositions -14,700.00 917,993.16
C806882106 SCHNITZER STL INDS INC CL A
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
79
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 90.00 -4,642.80
Dispositions -1,690.00 78,653.34
Free Delivery -1,600.00
Free Receipt 1,600.00
C808513105 SCHWAB CHARLES CORP COM NEW
Acquisitions 120,400.00 -1,185,007.42
Dispositions -16,000.00 190,662.72
C811054204 SCRIPPS E.W INC NEW CL A COM
Acquisitions 16,100.00 -1,112,716.15
Dispositions -600.00 61,228.32
Free Delivery -200.00
Free Receipt 200.00
C784117103 SEI INVTS CO COM
Acquisitions 2,500.00 -83,923.25
Dispositions -2,500.00 79,388.70
C81616X103 SELECT COMFORT CORP OC-CAP STK
Acquisitions 3,560.00 -85,609.06
Dispositions -8,000.00 128,640.41
Free Delivery -4,440.00
Free Receipt 4,440.00
C816850101 SEMTECH CORP
Acquisitions 1,000.00 -24,115.25
Dispositions -3,400.00 69,585.48
Free Delivery -2,400.00
Free Receipt 2,400.00
C817315104 SEPRACOR INC COM
Acquisitions 1,000.00 -49,120.11
Dispositions -1,000.00 49,436.16
C817492101 SERENA SOFTWARE INC COM
Acquisitions 3,500.00 -57,615.78
Dispositions -3,500.00 55,215.05
C820013100 SHARPER IMAGE CORP COM COM
Acquisitions 1,500.00 -44,676.65
Dispositions -1,500.00 29,494.66
CM8405Q102 SHOPPING COM LTD
Acquisitions 500.00 -9,000.00
Dispositions -500.00 14,297.91
C826516106 SIERRA WIRELESS INC COM STK
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
80
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,390.00 -38,619.10
Dispositions -5,000.00 133,955.16
Free Delivery -3,610.00
Free Receipt 3,610.00
C826565103 SIGMA DESIGNS INC COM
Acquisitions 6,100.00 -49,189.18
Dispositions -6,100.00 32,013.45
C82669G104 SIGNATURE BK NY N Y COM
Acquisitions 200.00 -3,100.00
Dispositions -200.00 4,543.83
CG81477104 SINA CORPORATION COM STK USD0.133
Acquisitions 730.00 -30,071.81
Dispositions -2,170.00 48,660.24
Free Delivery -1,440.00
Free Receipt 1,440.00
C82967H101 SIRF TECH HLDGS INC COM
Acquisitions 8,900.00 -116,903.25
Dispositions -2,900.00 41,949.36
C78442P106 SLM CORP COM
Acquisitions 4,700.00 -178,967.70
Dispositions -23,500.00 963,667.82
C832110100 SMITH INTL INC COM
Acquisitions 26,800.00 -1,370,566.21
Dispositions -12,500.00 686,358.20
Free Delivery -700.00
Free Receipt 700.00
C832248108 SMITHFIELD FOODS INC COM
Acquisitions 1,500.00 -39,730.91
Dispositions -1,500.00 39,007.00
C83408W103 SOHU COM INC COM
Acquisitions 4,010.00 -76,002.64
Dispositions -5,380.00 90,814.06
Free Delivery -1,370.00
Free Receipt 1,370.00
C834376105 SOLUTIA INC COM STK
Dispositions -124,685.00 51,883.03
Free Delivery -21,520.00
Free Receipt 11,522.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
81
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C835451105 SONIC CORP COM
Acquisitions 2,500.00 -57,128.50
Dispositions -2,500.00 71,996.07
C83545M109 SONIC INNOVATIONS INC COM
Acquisitions 6,900.00 -74,892.92
Dispositions -6,900.00 24,502.84
C835916107 SONUS NETWORKS INC COM ISIN US8359161077
Acquisitions 3,350.00 -29,326.80
Dispositions -3,350.00 19,783.83
C845467109 SOUTHWESTN ENERGY CO COM
Acquisitions 600.00 -13,140.00
Dispositions -2,950.00 151,154.46
Free Delivery -2,350.00
Free Receipt 2,350.00
C846425882 SPANISH BROADCASTING SYS INC CL A COM
STK
Acquisitions 9,800.00 -103,674.60
Free Delivery -6,100.00
Free Receipt 6,100.00
C848420105 SPHERION CORP COM COM STK ISIN#
US8484201053
Acquisitions 9,000.00 -88,699.56
Dispositions -9,000.00 70,261.32
C784635104 SPX CORP COM
Acquisitions 1,100.00 -61,226.00
Dispositions -1,900.00 95,111.18
Free Delivery -800.00
Free Receipt 800.00
C790849103 ST JUDE MED INC COM
Acquisitions 27,870.00 -2,026,027.58
Dispositions -5,425.00 379,722.06
Free Delivery -700.00
Free Receipt 700.00
C792860108 ST PAUL TRAVELERS CORP
Acquisitions 22,200.00 -741,426.54
Dispositions -5,980.92 204,858.76
Free Receipt 5,980.92
C857477103 ST STR CORP COM
Acquisitions 1,500.00 -80,503.54
Dispositions -11,600.00 521,747.29
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
82
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C855030102 STAPLES INC COM
Acquisitions 3,200.00 -85,491.90
Dispositions -3,200.00 93,206.78
C855244109 STARBUCKS CORP COM
Acquisitions 32,200.00 -1,433,202.03
Dispositions -14,700.00 626,539.08
Free Delivery -700.00
Free Receipt 700.00
C85590A203 STARWOOD HOTELS & RESORTS WORLDWIDE INC
PAIRED CTF 1 B SH BEN INT STARWOOD REIT
Acquisitions 7,900.00 -294,356.20
Dispositions -23,100.00 1,084,168.55
Free Delivery -1,200.00
Free Receipt 1,200.00
C862685104 STRATASYS INC COM
Acquisitions 620.00 -14,978.70
Dispositions -2,450.00 53,924.70
Free Delivery -1,830.00
Free Receipt 1,830.00
C863236105 STRAYER ED INC COM
Acquisitions 730.00 -79,374.21
Dispositions -730.00 68,515.65
C863667101 STRYKER CORP COM
Acquisitions 1,350.00 -119,370.28
Dispositions -10,000.00 776,058.23
Free Delivery -300.00
Free Receipt 300.00
C867229106 SUNCOR INC COM STK NPV
Acquisitions 9,800.00 -270,861.44
Dispositions -200.00 6,789.44
C867363103 SUNGARD DATA SYS INC COM
Acquisitions 2,100.00 -58,398.42
Dispositions -2,900.00 71,865.22
Free Delivery -800.00
Free Receipt 800.00
C867931107 SUPERCONDUCTOR TECHNOLOGIES INC COM
Acquisitions 1,150.00 -6,385.35
Dispositions -7,850.00 33,854.62
Free Delivery -6,700.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
83
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 6,700.00
C868587106 SUPPORT SOFT INC
Acquisitions 150.00 -2,224.50
Dispositions -3,050.00 39,432.51
Free Delivery -2,900.00
Free Receipt 2,900.00
C871237103 SYKES ENTERPRISES INC COM
Acquisitions 7,400.00 -58,264.50
Dispositions -7,400.00 39,325.97
C871503108 SYMANTEC CORP COM
Acquisitions 45,000.00 -2,060,334.99
Dispositions -62,100.00 2,189,658.65
Free Delivery -800.00
Free Receipt 800.00
C871507109 SYMBION INC DEL COM
Acquisitions 600.00 -9,000.00
Dispositions -600.00 10,775.55
C871829107 SYSCO CORP COM
Acquisitions 4,400.00 -169,457.68
Dispositions -12,100.00 398,154.04
C874054109 TAKE-TWO INTERACTIVE SOFTWARE INC
CDT-COM
Acquisitions 3,400.00 -110,302.54
Dispositions -3,400.00 102,176.32
C87588Q109 TANOX INC COM STK
Acquisitions 180.00 -2,995.50
Dispositions -890.00 14,218.49
Free Delivery -710.00
Free Receipt 710.00
C87612E106 TARGET CORP COM COM
Acquisitions 59,700.00 -2,797,595.07
Dispositions -29,500.00 1,137,732.75
C87929J103 TELECOMMUNICATION SYS INC CL A
Acquisitions 7,000.00 -48,740.85
Dispositions -7,000.00 51,990.57
CE90215109 TELVENT GIT SA
Acquisitions 14,800.00 -139,747.07
Dispositions -2,700.00 29,998.18
C880775101 TERAYON COMMUNICATION SYS COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
84
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 12,500.00 -59,822.23
Dispositions -12,500.00 41,820.83
C88162F105 TETRA TECHNOLOGIES INC DEL COM
Acquisitions 1,690.00 -42,736.00
Dispositions -3,650.00 102,342.22
Free Delivery -1,960.00
Free Receipt 1,960.00
C883623209 THERMOGENESIS CORP COM NEW
Acquisitions 5,800.00 -31,001.88
Dispositions -10,000.00 60,946.56
Free Delivery -4,200.00
Free Receipt 4,200.00
C88632Q103 TIBCO SOFTWARE INC COM COM
Acquisitions 16,000.00 -124,713.25
Dispositions -3,500.00 32,909.72
C886547108 TIFFANY & CO COM
Acquisitions 700.00 -25,641.84
Dispositions -19,100.00 618,145.81
C88731EAJ9 TIME WARNER ENTMT CO L P SR SUB DEB
8.375 DUE 07-15-2033 REG
Acquisitions 75,000.00 -87,467.25
Dispositions -25,000.00 30,478.50
C887317105 TIME WARNER INC NEW COM
Acquisitions 136,800.00 -2,359,841.67
Dispositions -4,800.00 86,048.54
C872540109 TJX COS INC COM NEW
Acquisitions 22,400.00 -498,179.83
Dispositions -53,200.00 1,216,501.95
Free Delivery -1,500.00
Free Receipt 1,500.00
C89267P105 TRADESTATION GROUP INC COM
Acquisitions 8,700.00 -57,282.82
Dispositions -8,700.00 62,387.10
C89531P105 TREX INC COM
Acquisitions 830.00 -31,420.60
Dispositions -3,110.00 105,403.71
Free Delivery -2,280.00
Free Receipt 2,280.00
C895925105 TRIAD GTY INC
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
85
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 470.00 -25,167.00
Dispositions -1,400.00 80,301.56
Free Delivery -930.00
Free Receipt 930.00
C896047107 TRIBUNE CO COM
Acquisitions 2,900.00 -145,873.16
Dispositions -6,200.00 268,901.45
C895919108 TRIDENT MICROSYSTEMS INC COM
Acquisitions 8,550.00 -141,826.69
Dispositions -12,610.00 203,725.45
Free Delivery -4,060.00
Free Receipt 4,060.00
C882508104 TX INSTRS INC COM
Acquisitions 4,100.00 -99,488.14
Dispositions -35,500.00 960,147.68
C902124106 TYCO INTL LTD NEW COM
Acquisitions 55,700.00 -1,772,782.70
Dispositions -6,100.00 190,696.01
C90262T308 UCBH HLDGS INC COM
Acquisitions 1,700.00 -70,882.84
Dispositions -280.00 10,418.31
Free Delivery -1,780.00
Free Receipt 1,780.00
C903844108 ULTICOM INC COM STK ISIN# US9038441088
Acquisitions 4,000.00 -44,385.51
Dispositions -4,000.00 37,878.51
C903914109 ULTRA PETE CORP COM NPV
Acquisitions 3,250.00 -121,948.53
Dispositions -1,850.00 47,034.79
Free Delivery -5,600.00
Free Receipt 5,600.00
C903899102 ULTRALIFE BATTERIES INC
Acquisitions 2,800.00 -58,461.76
Dispositions -2,800.00 30,783.80
C907818108 UN PAC CORP COM
Acquisitions 29,000.00 -1,736,294.31
Dispositions -12,700.00 837,058.52
C911312106 UNITED PARCEL SVC INC CL B
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
86
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 27,800.00 -2,143,260.12
Dispositions -1,000.00 75,811.53
C912828AF7 UNITED STATES TREAS NTS BD INFLATION
INDEXED 3 DUE 07-15-2012
REG
Acquisitions 25,000.00 -27,936.55
Dispositions -115,000.00 134,152.42
C91324P102 UNITEDHEALTH GROUP INC COM
Acquisitions 10,400.00 -766,068.50
Dispositions -25,200.00 1,568,433.56
C914906102 UNIVISION COMMUNICATIONS INC CL A
Acquisitions 8,300.00 -268,883.21
Dispositions -9,100.00 260,655.99
C915289102 UNOCAL CORP COM
Acquisitions 2,700.00 -101,736.00
Dispositions -12,700.00 547,693.08
C91529B106 UNOVA INC COM
Acquisitions 1,900.00 -43,544.75
Free Delivery -2,100.00
Free Receipt 2,100.00
C902973304 US BANCORP
Acquisitions 14,500.00 -379,229.35
Dispositions -25,500.00 730,953.35
C911163103 UTD NAT FOODS INC COM
Acquisitions 3,300.00 -114,469.62
Dispositions -2,100.00 58,671.64
Free Delivery -2,850.00
Free Receipt 2,850.00
C911301109 UTD PANAM FINL CORP COM
Acquisitions 530.00 -9,046.89
Dispositions -6,500.00 99,461.34
Free Delivery -5,970.00
Free Receipt 5,970.00
C911363109 UTD RENTALS INC COM
Acquisitions 2,900.00 -59,085.90
Dispositions -2,900.00 45,127.29
C913017109 UTD TECHNOLOGIES CORP COM
Acquisitions 8,000.00 -759,823.86
Dispositions -11,200.00 1,006,960.42
C91307C102 UTD THERAPEUTICS CORP DEL COM STK
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
87
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,540.00 -44,850.33
Dispositions -1,860.00 51,982.56
Free Delivery -2,520.00
Free Receipt 2,520.00
CG87210103 UTI WORLDWIDE INC ORD NPV
Acquisitions 1,840.00 -100,572.44
Free Delivery -880.00
Free Receipt 880.00
C918204108 V F CORP COM
Acquisitions 2,200.00 -94,886.00
Dispositions -6,700.00 366,829.14
C920355104 VALSPAR CORP COM
Acquisitions 400.00 -19,872.00
Dispositions -800.00 39,857.05
Free Delivery -400.00
Free Receipt 400.00
C92220P105 VARIAN MED SYS INC COM ISIN
#US9222091057
Acquisitions 1,600.00 -82,675.10
Dispositions -1,900.00 110,955.95
Free Delivery -300.00
Free Receipt 300.00
C918194101 VCA ANTECH INC COM STK
Acquisitions 5,150.00 -121,922.80
Dispositions -1,700.00 62,660.29
Free Delivery -4,400.00
Free Receipt 4,400.00
C92343E102 VERISIGN INC COM
Acquisitions 21,700.00 -672,370.16
Dispositions -400.00 13,703.67
C923436109 VERITAS SOFTWARE CORP COM
Acquisitions 6,400.00 -178,027.55
Dispositions -43,000.00 1,006,871.65
C925524308 VIACOM COM CL B
Acquisitions 44,600.00 -1,729,704.28
Dispositions -119,747.00 4,445,051.55
C926471103 VICURON PHARMACEUTICALS INC COM
Acquisitions 3,450.00 -66,505.58
Free Delivery -2,550.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
88
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 2,550.00
C92839Y109 VISTACARE INC CL A COM
Acquisitions 2,680.00 -74,682.18
Dispositions -3,700.00 60,200.78
Free Delivery -1,020.00
Free Receipt 1,020.00
C92850E107 VITRAN INC COM
Acquisitions 700.00 -10,408.00
Dispositions -3,200.00 45,590.81
Free Delivery -2,500.00
Free Receipt 2,500.00
C92849Q401 VITRIA TECH INC COM NEW COM
Acquisitions 5,600.00 -44,813.44
Dispositions -5,600.00 37,182.25
C928566108 VNUS MED TECHNOLOGIES INC COM
Acquisitions 600.00 -9,000.00
Dispositions -600.00 9,008.72
C954235107 W MARINE INC
Acquisitions 4,770.00 -110,852.66
Dispositions -3,280.00 79,336.10
Free Delivery -3,510.00
Free Receipt 3,510.00
C929903102 WACHOVIA CORP NEW COM
Acquisitions 15,300.00 -702,063.88
Dispositions -3,100.00 144,828.60
C931142103 WAL-MART STORES INC COM
Acquisitions 4,925.00 -261,513.69
Dispositions -89,425.00 4,989,959.42
C931422109 WALGREEN CO COM
Acquisitions 22,300.00 -805,863.04
Dispositions -41,400.00 1,423,318.49
C941848103 WATERS CORP COM
Acquisitions 800.00 -37,972.25
Dispositions -800.00 33,773.20
C942683103 WATSON PHARMACEUTICALS INC COM
Acquisitions 1,100.00 -46,824.08
Dispositions -1,100.00 36,009.92
CG95089101 WEATHERFORD INTL LTD
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
89
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 6,900.00 -299,778.21
Dispositions -8,700.00 407,274.38
Free Delivery -800.00
Free Receipt 800.00
C94768C108 WEBMETHODS INC COM
Acquisitions 7,500.00 -81,294.71
Dispositions -7,500.00 60,238.04
C94946T106 WELLCARE HLTH PLANS INC COM
Acquisitions 2,400.00 -40,800.00
Dispositions -2,400.00 46,187.87
C949746101 WELLS FARGO & CO NEW COM STK
Acquisitions 2,000.00 -113,280.00
Dispositions -11,300.00 655,082.45
C959522103 WESTN SIERRA BANCORP COM
Acquisitions 270.00 -12,363.20
Dispositions -1,875.00 70,434.61
Free Delivery -980.00
Free Receipt 980.00
C961815107 WESTWOOD 1 INC COM
Acquisitions 13,000.00 -349,894.64
Dispositions -3,100.00 80,805.29
Free Delivery -1,000.00
Free Receipt 1,000.00
C966387102 WHITING PETE CORP NEW COM STK
Acquisitions 100.00 -1,923.00
Dispositions -1,900.00 37,352.24
Free Delivery -1,800.00
Free Receipt 1,800.00
C966837106 WHOLE FOODS MKT INC COM
Acquisitions 12,200.00 -995,334.04
Dispositions -900.00 84,062.26
C969904101 WILLIAMS SONOMA INC COM
Acquisitions 9,400.00 -309,429.08
Dispositions -4,600.00 154,638.07
Free Delivery -1,300.00
Free Receipt 1,300.00
CG96655108 WILLIS GROUP HOLDINGS COM
Acquisitions 6,200.00 -236,234.15
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
90
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -7,200.00 250,556.59
Free Delivery -1,000.00
Free Receipt 1,000.00
C972232102 WILSON GREATBATCH TECHNOLOGIES INC COM
Acquisitions 1,300.00 -50,146.96
Dispositions -2,800.00 82,175.24
Free Delivery -1,500.00
Free Receipt 1,500.00
C97650W108 WINTRUST FINL CORP COM
Acquisitions 1,900.00 -96,816.30
Dispositions -580.00 30,735.51
Free Delivery -1,710.00
Free Receipt 1,710.00
C977424100 WITNESS SYS INC COM
Acquisitions 2,000.00 -25,958.00
Dispositions -2,000.00 31,759.25
C929284107 WJ COMMUNICATIONS INC COM STK
Acquisitions 14,900.00 -40,152.67
Dispositions -14,900.00 44,390.62
C98235T107 WRIGHT MED GROUP INC COM
Acquisitions 1,400.00 -46,084.00
Dispositions -3,700.00 120,548.98
Free Delivery -2,300.00
Free Receipt 2,300.00
C983024100 WYETH COM
Acquisitions 28,000.00 -1,064,288.27
Dispositions -27,075.00 1,014,584.02
C984121BG7 XEROX CORP US$ SR NT 9.75 DUE 01-15-2009
Acquisitions 400,000.00 -470,500.00
Dispositions -400,000.00 457,000.00
CG98255105 XL CAP LTD SHS A
Acquisitions 400.00 -30,786.00
Dispositions -19,300.00 1,460,362.84
Free Delivery -300.00
Free Receipt 300.00
C98385X106 XTO ENERGY INC COM
Acquisitions 7,275.00 -192,871.87
Dispositions -8,650.00 239,954.14
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
91
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -1,000.00
Free Receipt 1,000.00
C984332106 YAHOO INC COM
Acquisitions 53,800.00 -1,979,501.45
Dispositions -40,400.00 1,704,253.92
C989390109 ZENITH NATL INS CORP COM
Acquisitions 2,340.00 -107,098.15
Free Delivery -1,560.00
Free Receipt 1,560.00
C98956P102 ZIMMER HLDGS INC COM
Acquisitions 6,600.00 -485,202.50
Dispositions -1,100.00 86,989.43
Free Delivery -400.00
Free Receipt 400.00
C989701107 ZIONS BANCORP COM
Acquisitions 800.00 -47,275.69
Dispositions -1,300.00 78,049.88
Free Delivery -500.00
Free Receipt 500.00
C989922109 ZOLL MED CORP COM
Acquisitions 250.00 -9,550.39
Dispositions -1,190.00 37,152.95
Free Delivery -940.00
Free Receipt 940.00
C989855101 ZYGO CORP COM
Acquisitions 12,200.00 -187,413.74
Dispositions -4,200.00 46,072.97
C336453105 1ST ST BANCORPORATION COM
Acquisitions 40.00 -1,370.80
Dispositions -890.00 28,527.49
Free Delivery -850.00
Free Receipt 850.00
C901314203 24 / 7 REAL MEDIA INC COM NEW
Dispositions -5,000.00 36,831.06
Free Receipt 25,000.00
C88579Y101 3M CO COM
Acquisitions 7,775.00 -641,867.31
Dispositions -18,975.00 1,525,335.91
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
92
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C350865101 4 KIDS ENTMT INC COM
Acquisitions 300.00 -8,571.40
Dispositions -1,490.00 29,530.49
Free Delivery -1,190.00
Free Receipt 1,190.00
C316773100 5TH 3RD BANCORP COM
Acquisitions 5,400.00 -292,729.42
Dispositions -5,400.00 270,707.54
C65440K106 99 CENTS ONLY STORES COM
Acquisitions 630.00 -16,492.80
Dispositions -2,020.00 52,827.46
Free Delivery -1,390.00
Free Receipt 1,390.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
93
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 3
------------------------------------------------------------------------------
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE PLAN YEAR ENDED
DEC. 31, 2004
94
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* 5% Report - Part A
Single Transaction in Excess of 5%
=================================================================================================================================
Purchase Sale Lease Expenses Current Value on
Security Description / Asset ID Shares/Par Value Date Price Price Rental Incurred Cost Transaction Date Net Gain/Loss
---------------------------------------------------------------------------------------------------------------------------------
THERE ARE NO REPORTABLE TRANSACTIONS
NOTE: TRANSACTIONS ARE BASED ON THE 2003-12-31 VALUE (INCLUDING ACCRUALS) OF 1,575,892,579.71
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
95
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* 5% Report - Part B
Series of Non-Security Transactions with Same Party in Excess of 5%
=================================================================================================================================
Purchase Sale Lease Expenses Current Value on
Security Description / Asset ID Shares/Par Value Date Price Price Rental Incurred Cost Transaction Date Net Gain/Loss
---------------------------------------------------------------------------------------------------------------------------------
THERE ARE NO REPORTABLE TRANSACTIONS
NOTE: TRANSACTIONS ARE BASED ON THE 2003-12-31 VALUE (INCLUDING ACCRUALS) OF 1,575,892,579.71
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
96
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* 5% Report - Part C Summary
Series of Transactions by Issue in Excess of 5%
===================================================================================================
Number of -----Transaction Aggregate-----
Security Description / Asset ID Transactions Purchase Price Sale Price
---------------------------------------------------------------------------------------------------
COLTV STIF CUSIP: 195997KR1 Total
purchases 1,406 359,805,389.68 0.00
Total sales 1,790 0.00 360,667,221.86
MFO FFTW FDS INC U S SHORT-TERM
PORTFOLIO ADV CL Total
CUSIP: 30242R105 purchases 104 67,535,798.49 0.00
Total sales 135 0.00 70,550,000.00
MFO MONSANTO FXD FD UNITIZED Total
SEC CUSIP: 611992470 purchases 434 63,622,970.35 0.00
Total sales 616 0.00 95,312,656.51
PFIZER INC COM STK $.11 Total
1/9 PAR CUSIP: 717081103 purchases 25 5,727,189.93 0.00
Total sales 151 0.00 101,519,121.83
============================================================================================================
Lease Expenses Current Value of Asset
Security Description / Asset ID Rental Incurred Cost of Asset on Transaction
------------------------------------------------------------------------------------------------------------
COLTV STIF CUSIP: 195997KR1 Total
purchases 0.00 359,805,389.68 359,805.389.68
Total sales 0.00 360,667,221.86 360,667.221.86
MFO FFTW FDS INC U S SHORT-TERM
PORTFOLIO ADV CL Total
CUSIP: 30242R105 purchases 0.00 67,535,798.49 67,535.798.49
Total sales 0.00 70,703,380.69 70,550.000.00
MFO MONSANTO FXD FD UNITIZED Total
SEC CUSIP: 611992470 purchases 0.00 63,622,970.35 63,622.970.35
Total sales 0.00 77,372,141.70 95,312.656.51
PFIZER INC COM STK $.11 Total
1/9 PAR CUSIP: 717081103 purchases 0.00 5,727,189.93 5,727.189.93
Total sales 0.00 64,386,143.09 101,519.121.83
NOTE: TRANSACTIONS ARE BASED ON THE 2003-12-31 VALUE (INCLUDING ACCRUALS) OF 1,575,892,579.71
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
97
5500 SUPPLEMENTAL SCHEDULES
1 JAN 04 - 31 DEC 04
* 5% Report - Part D
Series of Transactions with Same Party in Excess of 5%
=================================================================================================================================
Purchase Sale Lease Expenses Current Value on
Security Description / Asset ID Shares/Par Value Date Price Price Rental Incurred Cost Transaction Date Net Gain/Loss
---------------------------------------------------------------------------------------------------------------------------------
THERE ARE NO REPORTABLE TRANSACTIONS
NOTE: TRANSACTIONS ARE BASED ON THE 2003-12-31 VALUE (INCLUDING ACCRUALS) OF 1,575,892,579.71
NORTHERN TRUST Generated by Northern Trust from periodic data on 24 May 05
98
SIGNATURE
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.
MONSANTO SAVINGS AND INVESTMENT PLAN
By:
/s/ WILMA K. SCHOPP
---------------------------------------
Wilma K. Schopp, Chairperson of the
Monsanto Company Employee Benefits Plan
Committee, Administrator of the Plan
June 14, 2005
99
EXHIBIT INDEX
Exhibit
Number Description
------ -----------
23 Consent of Independent Registered Public Accounting Firm
100