SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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In the Matter of:
SEMI-ANNUAL CERTIFICATE
AMEREN CORPORATION PURSUANT TO RULE 24 UNDER THE
UNION ELECTRIC DEVELOPMENT PUBLIC UTILITY HOLDING COMPANY
CORPORATION ACT OF 1935
CIPSCO INVESTMENT COMPANY
File No. 70-9965
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Ameren Corporation ("Ameren"), a registered holding company, and its
subsidiaries named above, hereby file this certificate pursuant to Rule 24
reporting on transactions authorized by the Commission by order dated June 4,
2002 (Holding Co. Act Release No. 35-27536). This certificate is filed with
respect to transactions consummated during the period commencing January 1, 2003
and ending June 30, 2003.
File No. 70-9965:
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a. The consolidated balance sheet and twelve-month statement of income as
of the end of the six-month period.
To be filed confidentially as Exhibits A and B under Rule 104.
b. The amount of revenues and any form of compensation received during
each six-month period ending June 30 or December 31 as applicable,
from any and all Tax Credit Projects directly or indirectly owned.
Other than the annual tax credits which lower the amount of paid
taxes, neither Union Electric Development Corporation or CIPSCO
Investment Company ("CIC") receive any revenue or compensation from
these tax credit investments.
c. The name of each new Tax Credit Project company in which an investment
was made during the six-month period and upon staff request a copy of
the applicable operating agreement.
On June 6, 2003, CIC made an additional $500,000 equity commitment to
the 2003 Illinois Equity Fund, LLC.
d. The amounts of investment made during each six-month period in the Tax
Credit Projects and cumulative comparisons of the $125 million
authorized in this order.
Refer to attached Exhibit C.
e. The cumulative number of any and all Tax Credit Projects, and any
other investment position in any form of non-utility assets at the end
of each six-month period.
Refer to Note 2 to attached Exhibit C.
The undersigned registered holding company has duly caused this semi-annual
report to be signed on its behalf by the undersigned officer thereunto duly
authorized pursuant to the requirements of the Public Utility Holding Company
Act of 1935.
Ameren Corporation
By /s/ Jerre E. Birdsong Date: August 13, 2003
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Jerre E. Birdsong
Vice President and Treasurer
EXHIBIT C
Ameren - Equity Tax Credit Investment Summary
Union Electric Development Corporation (UEDC)
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Equity Invested as of
12/31/2002 As of 6/30/2003
St. Louis Equity Fund: St. Louis, MO
1988 LP $ 512,047 $ 512,047
1990 LP $ 484,325 $ 484,325
1991 LP $ 498,931 $ 498,931
1992 LP $ 516,461 $ 516,461
1993 LP $ 489,812 $ 489,812
1994 LP $ 480,547 $ 491,028
1995 LLC $ 493,400 $ 493,400
1996 LLC $ 518,245 $ 591,550
1997 LLC $ 571,945 $ 592,714
1998 LLC $ 403,877 $ 495,086
1999 LLC $ 436,892 $ 618,117
2000 LLC $ 349,811 $ 509,760
2001 LLC $ 240,549 $ 390,993
2002 LLC $ 90,000 $ 178,017
2003 LLC Note 1 $ -
Housing Missouri, Inc: St. Louis, MO
1996 LLC $ 244,862 $ 286,956
1997 LLC $ 238,840 $ 286,464
1998 LLC $ 195,413 $ 240,933
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Total UEDC: $ 6,765,957 $ 7,676,594
CIPSCO Investment Company (CIC)
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Illinois Equity Fund: Springfield, Illinois
1992 LP $ 500,000 $ 500,000
1994 LP $ 920,131 $ 1,000,001
1996 LP $ 899,048 $ 1,000,000
1998 LP $ 349,144 $ 446,260
2000 LP $ 59,731 $ 103,464
2002 LP $ - $ 50,114
St. Louis Equity Fund: St. Louis, Missouri
1999 LLC $ 218,447 $ 309,059
2000 LLC $ 174,905 $ 254,879
2001 LLC $ 120,275 $ 195,497
2002 LLC $ 45,000 $ 89,009
2003 LLC Note 2
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Total CIC: $ 3,286,681 $ 3,948,283
Ameren Corporation Total: $ - $10,052,638 $11,624,877
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Notes
1 On December 19, 2002 UEDC signed a subscription agreement for the SLEF 2003
LLC fund in the amount of $1,500,000. As of June 30, 2003 no equity has been
paid.
2 On June 6, 2003 CIC signed a subscription agreement for the IEF 2003 LLC fund
in the amount of $500,000. As of June 30, 2003 no equity has been paid.
SEC Authorized Amount $125,000,000 Remaining
Balance
Commitments prior to SEC Order $ 16,600,000 $108,400,000
Subsequent Commitments
SLEF 2003 (12/19/2002) $ 1,500,000 $106,900,000
IEF 2003(6/6/2003) $ 500,000 $106,400,000
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