UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 11-K
[ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the fiscal year ended December 31, 2003
-----------------
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from ___________to ______________
Commission file number 1-16167
--------
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
800 North Lindbergh Boulevard
St. Louis, Missouri 63167
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 Boulevard
St. Louis, Missouri 63167
MONSANTO SAVINGS AND INVESTMENT PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
FOR THE PLAN YEAR ENDED DEC. 31, 2003
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, 2003 and 2002 2
Statement of Changes in Net Assets Available for Benefits for the
Plan Year Ended Dec. 31, 2003 3
Notes to Financial Statements 4
Supplemental Schedules:
1. Assets Held for Investment as of Dec. 31, 2003 10
2. Schedule of Assets Held for Investment Acquired and Disposed of Within the
Plan Year Ended Dec. 31, 2003 34
3. Schedule of Reportable Transactions for the Plan Year Ended Dec. 31, 2003 88
Supplemental Schedule 4 is omitted because of the absence of the conditions under
which it is required.
Signature 93
Exhibit Index 94
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, 2003 and 2002, and the related statement of changes in net assets
available for benefits for the year ended Dec. 31, 2003. 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
examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan as of Dec. 31,
2003 and 2002, and the changes in net assets available for benefits for the
year ended Dec. 31, 2003, 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
May 27, 2004
MONSANTO SAVINGS AND INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DEC. 31, 2003 AND 2002
(DOLLARS IN THOUSANDS)
---------------------------------------------------------------------------------------------------------------------------
2003 2002
---------------- ----------------
Contributions receivable:
Employee $ 1,318 $ 1,192
Employer 469 430
Investment receivables 3,478 1,366
Investments:
Cash and temporary investments 31,330 27,196
Mellon Daily Liquidity Stock Index Fund* 93,635 64,909
Capital Guardian International Equity Fund 48,917 32,628
Debt securities including U.S. Government securities 43,206 33,616
Common stock--Pfizer Corporation* 378,237 --
Common stock--Pharmacia Corporation* -- 381,849
Common stock--Monsanto Company* 230,675 153,770
Common stock--Solutia Inc. 263 3,169
Common and preferred stock--other 316,229 245,261
Investment contracts 440,213 441,310
Loans to participants 16,761 15,407
---------- ----------
Total investments 1,599,466 1,399,115
---------- ----------
TOTAL ASSETS 1,604,731 1,402,103
---------- ----------
ESOP debt 23,125 30,347
Other liabilities 3,677 1,458
---------- ----------
TOTAL LIABILITIES 26,802 31,805
---------- ----------
NET ASSETS AVAILABLE FOR BENEFITS $1,577,929 $1,370,298
========== ==========
* Individual investment securities which represent five 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
YEAR ENDED DEC. 31, 2003
(DOLLARS IN THOUSANDS)
-------------------------------------------------------------------------------------------------------------------------
2003
Contributions:
Employer $ 5,999
Employee 48,803
----------
54,802
Investment Income (Loss):
Interest 29,507
Dividends--Pfizer Corporation 8,935
Dividends--Monsanto Company 4,019
Dividends--other 5,469
Net change in fair value of investments:
Common stock--Pfizer Corporation 60,667
Common stock--Monsanto Company 83,878
Common and preferred stock--other 94,532
Debt securities 1,902
Interest income on loans to participants 895
Interest expense on ESOP debt (1,631)
Rollovers and transfers in/(out)--net
Rollovers from other plans 6,109
Administrative expenses (4,107)
Withdrawals (137,346)
----------
NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS 207,631
NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR 1,370,298
----------
NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $1,577,929
==========
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, 2003
----------------------------------------------------------------------------
1. INFORMATION REGARDING THE PLAN
GENERAL
-------
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 one 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 one percent increments and
4
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, and asset
allocation funds consisting of varying pre-set mixes of the
aforementioned investment fund types. 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. In
addition, the Plan includes four asset allocation funds which allow
participants varying degrees of risk and return, including (in order of
risk tolerance - least to greatest) the Conservative Portfolio Fund,
the Moderate Portfolio Fund, the Moderately Aggressive Portfolio Fund,
and the Aggressive Portfolio Fund. Investments in the U.S. Equity Index
Fund, the Balanced Fund, the Growth and Income Equity Fund, the Growth
Equity Fund, the Fixed Income Fund and the International Equity Fund
are used in predetermined mixes to form the asset allocation funds. 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 Pharmacia stock held in
the Pharmacia Non-Employer Stock Fund during the year ended Dec. 31,
2003, 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.
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
seven percent of their eligible pay per pay period to the SIP or had
reached the IRS annual limit on before-tax contributions ($12,000 in
2003). For 2003, they could have elected a before-tax catch-up
contribution of up to $2,000. 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 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.
5
LEVERAGED ESOP
--------------
Employee contributions to the Plan, up to a maximum of seven percent of
eligible pay, generally are matched 60 percent by Monsanto. The Plan
also has a discretionary match employer contribution feature. In
December 2003, Monsanto made a discretionary performance contribution
of an additional 37.5 percent on the first 10 percent of eligible pay.
Company contributions and related earnings are invested solely in
Monsanto common stock. 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, and cannot 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 may be
withdrawn from the Plan or diversified into the other investment
options (excluding the Pfizer and Solutia Stock Funds) in the Plan.
Company contributions immediately vest upon a change of control of the
Company.
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 seven 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. The unallocated shares
of Pharmacia common stock, which were converted to Monsanto 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 Notes are paid. In 2003,
approximately 1,367,000 equivalent shares of Monsanto stock were
released for allocation to participant accounts. As of Dec. 31, 2003,
approximately 3,900,000 shares of Monsanto stock remained unallocated
with an approximate market value of $113 million.
The Plan obtains funds to repay the ESOP borrowings primarily through
Company contributions and dividends paid on Monsanto common stock
purchased with ESOP borrowings. As of Dec. 31, 2003, the 5.71% Note had
an outstanding principal balance of $23 million and the 7.00% Note (due
in 2021) had an outstanding principal balance of $83 thousand. Interest
on the Notes is payable semiannually on June 15 and December 15. In
2003, employer contributions included $1.6 million in cash to meet the
interest payments on the Notes. Scheduled maturities on the 5.71% Note
are $7,917 in 2004, $7,760 in 2005 and $7,366 in 2006 (all in
thousands).
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.
6
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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, 2003, 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 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.
3. GUARANTEED INVESTMENT CONTRACTS
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, 2003 and 2002, 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, 2003 and 2002.
7
AS OF DEC. 31,
GUARANTEED INVESTMENT CONTRACTS --------------------------
(DOLLARS IN THOUSANDS) 2003 2002
Commonwealth General Corporation $176,085 $176,524
J.P. Morgan Chase Bank 132,064 132,393
State Street Bank 132,064 132,393
-------- --------
Total $440,213 $441,310
======== ========
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 5.69 percent for the period
from Jan. 1, 2003, to Dec. 31, 2003, and 5.85 percent for the period
from Jan. 1, 2002, to Dec. 31, 2002. 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, 2003 and 2002, were 5.87 percent and 6.41 percent, respectively.
The Plan values these synthetic guaranteed investment contracts at
contract value plus accrued interest. The total estimated fair value of
the synthetic guaranteed investment contracts was $461 million and $468
million as of Dec. 31, 2003 and 2002, respectively.
The above-mentioned synthetic guaranteed investment contracts, Mellon
Daily Liquidity Stock Index Fund, Pfizer common stock (for 2003),
Pharmacia common stock (for 2002), and Monsanto common stock represent
the only investments of the Plan which are individually greater than
five percent of the Plan's ending assets.
4. NONPARTICIPANT-DIRECTED INVESTMENTS
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, 2003 and 2002, and for the period Jan. 1,
2003, to Dec. 31, 2003) is outlined in the table below.
(DOLLARS IN THOUSANDS)
NET ASSETS: AS OF DEC. 31, 2003 AS OF DEC. 31, 2002
Cash and temporary investments $ 1,205 $ 1,333
Common stock--Monsanto Company 203,868 144,286
-------- --------
Total Assets 205,073 145,619
Accrued expenses 10 --
ESOP debt 23,125 30,347
-------- --------
Total Liabilities 23,135 30,347
-------- --------
Net Assets $181,938 $115,272
======== ========
8
(DOLLARS IN THOUSANDS) YEAR ENDED
CHANGES IN NET ASSETS: DEC. 31, 2003
Contributions $ 5,999
Interest income 22
Dividends 3,675
Net appreciation 68,265
Interest expense on ESOP debt (1,631)
Administrative expense (695)
Withdrawals and transfers (8,969)
-------
Changes in Net Assets $66,666
=======
5. INFORMATION REGARDING TAX STATUS
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.
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.
7. PARTY-IN-INTEREST INVESTMENTS AND TRANSACTIONS
There were no nonexempt prohibited transactions with parties-in-interest
during the period from Jan. 1, 2003, to Dec. 31, 2003.
8. SUBSEQUENT EVENTS
As of Jan. 2, 2004, employee contributions to the Plan could be
invested in one percent increments and allocated to four new investment
fund types: a treasury inflation-protected securities (TIPs) fund, a
value equity fund, a small cap growth equity fund and a small cap value
equity fund.
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 (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.
*****
9
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 1
----------------------------------------------------------------------------
ASSETS HELD FOR INVESTMENT AS OF
DEC. 31, 2003
10
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
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 -339,077.600 -339,077.600 -339,077.600
---------------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES -339,077.60 -339,077.60
---------------------------------------------------------------------------------------------------------------------------------
TOTAL NON-INTEREST BEARING CASH - USD -339,077.60 -339,077.60
Receivable Income - USD
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
INCOME FROM SECURITIES LENDING ACTIVITIES 5.000 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 purchases: United States dollar 0.000 -3,215,770.490 -3,215,770.490
Pending trade sales: United States dollar 0.000 2,601,258.010 2,601,258.010
---------------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES -614,512.48 -614,512.48
---------------------------------------------------------------------------------------------------------------------------------
TOTAL RECEIVABLES - OTHER - USD -614,512.48 -614,512.48
U.S. Government Securities
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
FHLMC GOLD E00228 6.5 07-01-2008 CUSIP: 31294JHD3 168,632.300 165,259.660 179,156.810
FHLMC GOLD E01140 6 05-01-2017 CUSIP: 31294KHR9 782,488.590 808,530.800 821,113.790
FHLMC GOLD E78398 6.5 07-01-2014 CUSIP: 3128GDKK5 504,918.190 516,554.970 534,954.760
FHLMC GOLD GROUP E00400 7.5 10-01-2010 CUSIP: 31294JNR5 53,802.660 54,786.230 57,405.230
FHLMC GOLD G10449 7 02-01-2011 CUSIP: 31283JQA2 264,453.170 270,754.590 282,108.330
FHLMC GOLD G11206 6 01-01-2015 CUSIP: 31283KKT4 308,566.050 317,533.750 324,087.850
FHLMC GROUP #E00379 7.5 MTG PARTN CTF DUE 06-01-2010 REG CUSIP: 31294JM47 54,337.510 55,330.870 57,975.900
FHLMC GROUP #E00386 7.5 MTG PARTN CTF DUE 08-01-2010 REG CUSIP: 31294JNB0 67,898.020 69,139.290 72,444.400
FHLMC GROUP #E20179 7.5 MTG PARTN CTF DUE 06-01-2010 REG CUSIP: 31335KFU5 13,965.080 14,220.360 14,906.400
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
11
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
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 T-41 CL 2A 7 07-25-2032 CUSIP: 31392MEM0 756,524.930 785,840.270 815,628.440
FHLMC POOL # G1-1184 5.5 09-01-2016 BEO CUSIP: 31283KJ58 1,391,234.050 1,429,275.610 1,442,610.930
FHLMC POOL # G11288 6.5 06-01-2017 BEO CUSIP: 31283KND6 1,072,412.380 1,122,179.030 1,136,006.430
FHLMC POOL # G11431 6 02-01-2018 BEO CUSIP: 31283KSU3 724,060.750 748,724.070 759,737.400
FHLMC POOL # G11452 6.5 04-01-2018 BEO CUSIP: 31283KTH1 1,265,620.480 1,331,867.820 1,343,937.080
FNMA POOL # 190791 6 DUE 02-01-2009 REG CUSIP: 31368H2Y8 234,382.090 235,590.620 246,797.540
FNMA POOL # 224484 7.5 DUE 06-01-2011 REG CUSIP: 31369YJ55 219,741.480 227,596.420 234,157.840
FNMA POOL # 313224 7 DUE 12-01-2011 REG CUSIP: 31374F4H9 248,851.150 256,549.980 265,890.490
FNMA POOL # 313543 6.983 DUE 06-01-2007 REG CUSIP: 31374GHU4 227,594.370 229,096.840 248,314.110
FNMA POOL # 323165 6 DUE 06-01-2013 REG CUSIP: 31374S6A4 37,804.740 39,488.230 39,744.580
FNMA POOL # 383308 6.26 DUE 03-01-2011 REG CUSIP: 31377PYD0 160,251.530 160,624.700 177,169.280
FNMA POOL # 535755 6.298 DUE 03-01-2011 REG CUSIP: 31384WE48 707,979.000 730,988.310 780,519.940
FNMA POOL # 545090 6 DUE 07-01-2016 REG CUSIP: 31385HRK0 663,849.620 695,901.110 697,058.700
FNMA POOL # 545962 5.5 DUE 12-01-2013 REG CUSIP: 31385JQP6 913,890.380 947,233.090 951,507.940
FNMA POOL # 555299 7 11-01-2017 BEO CUSIP: 31385W3G2 1,794,725.490 1,908,578.400 1,919,720.940
FNMA POOL #50927 6.5 GTD MTG PASS THRU CTF DUE 11-01-2008 CUSIP: 313615SQ0 153,255.740 153,483.970 161,321.590
FNMA POOL #50973 6.0 GTD MTG PASS THRU CTF DUE 01-01-2009 CUSIP: 313615T63 309,393.820 305,892.700 325,782.720
FNMA PREASSIGN 00619 7 06-25-2042 CUSIP: 31392DF49 304,485.500 320,708.870 328,559.040
FNMA PREASSIGN 00837 7.5 04-25-2029 CUSIP: 31358S4W8 335,595.810 344,301.490 366,428.680
FNMA REMIC SER 2002-57 CL AB 5.5 DUE 12-31-2040 BEO CUSIP: 31392D3E0 292,275.970 295,472.730 293,791.710
FNMA REMIC SER 2003-W17 CL PT1 10.26127 08-25-2032 CUSIP: 31393UAN3 747,704.110 856,588.520 856,588.520
FNMA SERIES 2001-W3 CLASS-A 7 09-25-2041 CUSIP: 3139216F0 417,281.440 453,402.360 450,272.960
FNMA 2001-T10 CL A1 PASS THRU 7 12-25-2031 CUSIP: 3139216A1 361,182.780 376,837.770 389,738.970
SMALL BUS ADMIN GTD DEV PARTN CTF DEB SER 1997-20 I 6.9/ CUSIP: 83162CHT3 172,537.370 176,219.320 189,948.810
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 1997-20 F CUSIP: 83162CHN6 144,710.650 150,051.570 160,545.470
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 2003-20 B CUSIP: 83162CMU4 393,390.580 392,038.300 393,217.880
SMALL BUSINESS ADMIN GTD DEV PARTN CTF 6.1 DUE 07-01-2018 CUSIP: 83162CJJ3 299,284.110 299,284.110 321,899.810
UNITED STATES TREAS NTS BD INFLATION INDEXED 3 DUE 07-1 CUSIP: 912828AF7 90,000.000 94,539.180 100,955.420
US TREAS NTS DTD 02/15/1995 7.5 DUE 02-15-2005 REG CUSIP: 912827S86 590,000.000 641,016.270 630,723.570
US TREAS NTS DTD 05/15/2002 4.375 DUE 05-15-2007 REG CUSIP: 912828AC4 2,000,000.000 2,107,187.500 2,117,890.000
US TREAS NTS DTD 08/31/2003 2 DUE 08-31-2005 REG CUSIP: 912828BJ8 2,000,000.000 2,013,281.250 2,012,890.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
12
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
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
US TREAS NTS INFLATION-INDEXED NT 3.5 DUE 01-15-2011 CUSIP: 9128276R8 245,000.000 252,399.590 292,658.320
US TREAS NTS NT 1.25 DUE 05-31-2005 REG CUSIP: 912828BB5 3,450,000.000 3,444,949.220 3,440,836.800
US TREAS NTS 4.875 DUE 02-15-2012 REG CUSIP: 9128277L0 830,000.000 894,519.540 879,021.460
US TREAS NTS 5.625 DUE 02-15-2006 REG CUSIP: 912827W81 1,800,000.000 1,955,531.250 1,939,851.000
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 28,649,350.53 29,055,877.84
---------------------------------------------------------------------------------------------------------------------------------
TOTAL U.S. GOVERNMENT SECURITIES 28,649,350.53 29,055,877.84
Corporate Debt Instruments - Preferred
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AMERN HOME PRODS CORP NT 6.95 DUE 03-15-2011 BEO CUSIP: 026609AM9 270,000.000 269,527.500 304,929.090
BANKAMERICA CAP II SER 2 8 BD DUE 12-15-2026/06 BEO CUSIP: 066048AA7 300,000.000 316,629.000 343,729.200
BURL NORTHN SANTA FE RY CO PASS THRU TR SER 2000-1 8.251 D CUSIP: 12189PAG7 368,881.530 368,881.530 463,861.150
CIT GROUP INC NEW SR NT 5.75 DUE 09-25-2007 CUSIP: 125581AC2 175,000.000 174,902.380 188,824.300
CITICORP CAP I 7.933 DUE 02-15-2027/02-15-2 CUSIP: 17303PAA0 300,000.000 313,161.000 345,787.200
HEWLETT PACKARD CO GLOBAL NT 5.5 DUE 07-01-2007/06-30-2 CUSIP: 428236AF0 400,000.000 399,200.000 432,320.400
SCHERING PLOUGH CORP SR NT 5.3 DUE 12-01-2013/11-26-2 CUSIP: 806605AE1 125,000.000 124,538.750 127,181.130
UN PAC RR CO PASS THRU TR PASS THRU CTF SER 1999-A 7.6 DUE CUSIP: 907833AH0 854,466.290 854,466.290 1,016,737.980
WYETH WYE 5.50 02/01/2014 5.5 DUE 02-01-2014/12-16-2 CUSIP: 983024AE0 400,000.000 399,216.000 404,566.000
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 3,220,522.45 3,627,936.45
---------------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE DEBT INSTRUMENTS - PREFERRED 3,220,522.45 3,627,936.45
Corporate Debt Instruments - Other
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AMERADA HESS CORP NT DTD 08/15/2001 6.65DUE 08-15-2011/08- CUSIP: 023551AH7 125,000.000 134,339.000 135,468.500
AMERADA HESS CORP NT 7.875 DUE 10-01-2029 BEO CUSIP: 023551AF1 125,000.000 137,645.700 137,147.380
AOL TIME WARNER INC DEB DTD 04/08/2002 7.7 DUE 05-01-2032 CUSIP: 00184AAG0 644,000.000 670,074.220 751,616.260
AT&T CORP USD SR NT DUE 11-15-2031/11-14-2 CUSIP: 001957BD0 595,000.000 520,752.000 695,294.990
AT&T CORP 8.05 USD SR NT DUE 11-15-2011/11-14-2 CUSIP: 001957BC2 375,000.000 353,218.420 431,617.500
BK 1 CAP III 8.75 BDS 01/09/30 USD 8.75 DUE 09-01-2030/08- CUSIP: 06423KAA9 250,000.000 292,780.500 328,495.250
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
13
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
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
BSTN PPTYS LTD PARTNERSHIP SR NT 5.625 DUE 04-15-2015/04- CUSIP: 10112RAF1 250,000.000 250,748.000 249,837.500
BSTN PPTYS LTD PARTNERSHIP SR NT 6.25 DUE 01-15-2013/01- CUSIP: 10112RAB0 175,000.000 175,613.500 187,782.530
CIGNA CORP SR NT 7 DUE 01-15-2011/01-14-2 CUSIP: 125509BF5 315,000.000 313,651.800 352,266.710
COMCAST CORP NEW NT 5.3 DUE 01-15-2014/01-14-2 CUSIP: 20030NAE1 400,000.000 390,964.000 398,671.600
DILLARD DEPT STORES INC 7.75 DEBDUE 05-15-2027 BEO CUSIP: 254063AW0 370,000.000 265,223.400 370,000.000
EOP OPER LTD PARTNERSHIP EOP OPER LP 5.875 DUE 01-15-20 CUSIP: 268766BY7 350,000.000 348,642.000 365,382.150
FORD MTR CR CO FORD MTR CR CO 7.25 DUE 10-25-2011 BEO CUSIP: 345397TY9 695,000.000 691,419.620 753,771.980
FORD MTR CR CO NT 7.375 DUE 10-28-2009 BEO CUSIP: 345397SM6 200,000.000 213,626.000 219,632.200
GEN MTR ACCEPT CORP 8.875 BD DUE 6-1-2010 REG (OPT CUSIP: 370424FV0 740,000.000 876,655.800 866,101.920
HLTH NET INC SR NT 8.375 DUE 04-15-2011 BEO CUSIP: 42222GAC2 300,000.000 298,932.000 360,471.300
MAY DEPT STORES CO 7.875 DEB DUE 08-15-2036/16 CUSIP: 577778BD4 520,000.000 559,239.200 592,607.600
MAY DEPT STORES CO 8.5 DUE 06-01-2019 BEO CUSIP: 577778BM4 185,000.000 192,031.850 232,670.060
PG&E NATL ENERGY GROUP INC SR NT 10.375 DUE 05-16-2011/05- CUSIP: 69334TAC2 390,000.000 385,643.320 273,000.000
PVTPL OVERSEAS PVT INV CRP U S GVT GTD SER 1996 503-D TR CUSIP: 690353CJ4 411,110.210 411,110.210 443,464.580
RAYTHEON CO NT 8.3 DUE 03-01-2010 BEO CUSIP: 755111BH3 260,000.000 284,427.000 311,976.080
RAYTHEON CO 6.75 DUE 08-15-2007 REG CUSIP: 755111AE1 490,000.000 494,473.700 542,884.230
SAFECO CORP NT 6.875 DUE 07-15-2007 REG CUSIP: 786429AK6 100,000.000 100,572.240 110,954.600
SAFECO CORP SR NT 7.25 DUE 09-01-2012 BEO CUSIP: 786429AN0 200,000.000 230,916.000 229,762.400
ST PAUL COS INC SR NT 8.125 DUE 04-15-2010/04-17-2 CUSIP: 792860AD0 275,000.000 296,881.750 328,881.030
TIME WARNER ENTMT CO L P SR SUB DEB 8.375 DUE 07-15-20 CUSIP: 88731EAJ9 100,000.000 112,013.000 126,979.200
TIME WARNER ENTMT CO L P 8.375 DUE 03-15-2023 REG CUSIP: 88731EAF7 295,000.000 308,932.480 365,538.930
UNUM CORP NT 6.75 DUE 12-15-2028 BEO CUSIP: 903192AA0 175,000.000 125,000.000 166,662.830
UNUMPROVIDENT CORP SR NT 7.625 DUE 03-01-2011 BEO CUSIP: 91529YAC0 175,000.000 175,876.020 192,785.250
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 9,611,402.73 10,521,724.56
---------------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE DEBT INSTRUMENTS - OTHER 9,611,402.73 10,521,724.56
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
14
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Preferred
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ADR NEWS CORP LTD SPONSORED ADR REPSTG PFD LTD CUSIP: 652487802 72,400.960 1,621,179.610 2,190,129.040
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 1,621,179.61 2,190,129.04
---------------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE STOCK - PREFERRED 1,621,179.61 2,190,129.04
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
#REORG/ 24/7 REAL MEDIA INC REV SPLIT EFF 2/26/04 CUSIP: 901314104 21,800.000 33,673.860 29,212.000
#REORG/ADVANCE PCS CASH & STK MERGER TO CAREMARK RX INC SE CUSIP: 00790K109 800.000 20,270.710 42,128.000
#REORG/EXTD STAY AMER INC CASH MERGER EFF 5/11/04 CUSIP: 30224P101 3,000.000 42,806.500 43,440.000
#REORG/FLEETBOSTON FINL CORP STK MERGER TO BK OF AMER CORP CUSIP: 339030108 12,300.000 395,146.360 536,895.000
#REORG/HUGHES ELECTRONICS NAME CHANGE TODIRECTV GROUP INC CUSIP: 444418107 10,701.810 202,351.430 177,114.960
#REORG/I-STAT CORP CASH MERGER EFF 1/28/04 CUSIP: 450312103 1,700.000 20,410.370 26,010.000
#REORG/NEW FOCUS INC STK MERGER TO BOOKHAM TECH SEC # CUSIP: 644383101 3,500.000 16,468.930 17,570.000
#REORG/THERASENSE INC CASH MERGER EFF 4-5-05 CUSIP: 883381105 3,050.000 45,281.200 61,915.000
ABBOTT LAB COM CUSIP: 002824100 26,200.000 1,027,878.510 1,220,920.000
ACCENTURE LTD BERMUDA CLS A COM CUSIP: G1150G111 12,900.000 265,665.680 339,528.000
ADMINISTAFF INC COM CUSIP: 007094105 3,250.000 33,304.060 56,485.000
ADOLOR CORP COM CUSIP: 00724X102 780.000 9,368.810 15,615.600
ADR AKZO NOBEL N V SPONSORED ADR CUSIP: 010199305 54,400.000 1,789,984.050 2,078,080.000
ADR ASTRAZENECA PLC SPONSORED ADR UK CUSIP: 046353108 7,700.000 284,979.440 372,526.000
ADR BOOKHAM TECH PLC SPONSORED CUSIP: 09856Q108 6,000.000 13,051.200 15,000.000
ADR FLAMEL TECHNOLOGIES SA SPONSORED ADR CUSIP: 338488109 2,900.000 63,416.530 77,691.000
ADR HONDA MOTOR CO. LTD AMER DEPOSITARY SHARES REPRESENTIN CUSIP: 438128308 1,500.000 29,537.850 33,750.000
ADR INTERCONTINENTAL HOTELS GROUP PLC SPONSORED ADR CUSIP: 458573102 74,152.000 418,305.730 709,634.640
ADR MATSUSHITA ELEC INDL LTD ADR CUSIP: 576879209 91,000.000 1,058,551.280 1,268,540.000
ADR NOKIA CORP SPONSORED ADR CUSIP: 654902204 53,875.000 1,118,702.790 915,875.000
ADR NOVARTIS AG SPONSORED ADR ISIN #US66987V1098 CUSIP: 66987V109 8,900.000 382,336.290 408,421.000
ADR NV EUR0.02(NY REG) CUSIP: N07059111 8,600.000 171,444.430 172,430.000
ADR RIO TINTO PLC CUSIP: 767204100 11,100.000 625,076.830 1,235,541.000
ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104 CUSIP: 771195104 4,500.000 376,518.400 453,911.400
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
15
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
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 SAP AKTIENGESELLSCHAFT SPONSORED ADR CUSIP: 803054204 24,100.000 741,172.930 1,001,596.000
ADR SCOTTISH PWR PLC SPONSORED ADR FINALINSTALMENT CUSIP: 81013T705 17,700.000 404,818.830 481,086.000
ADR SONY CORP AMER DEPY RCPT FOR DOLLAR-VALIDATED C CUSIP: 835699307 54,500.000 1,987,305.140 1,889,515.000
ADR SYNGENTA AG SPONSORED ADR CUSIP: 87160A100 35,100.000 410,230.420 473,148.000
ADR TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR CUSIP: 874039100 98,276.000 855,418.860 1,006,346.240
ADR TEVA PHARMACEUTICAL INDS LTD ADR ISIN #US8816242098 CUSIP: 881624209 22,300.000 1,095,330.560 1,264,633.000
ADR TOTAL SA CUSIP: 89151E109 7,100.000 484,124.830 656,821.000
ADR UNILEVER N V NY SHS NEW CUSIP: 904784709 27,000.000 1,507,892.250 1,752,300.000
ADR VODAFONE GROUP PLC NEW SPONSORED ADR CUSIP: 92857W100 35,175.000 711,776.670 880,782.000
ADTRAN INC COM CUSIP: 00738A106 900.000 30,601.020 27,900.000
ADVANCED ENERGY INDS INC COM CUSIP: 007973100 2,400.000 50,795.840 62,520.000
AETNA INC CUSIP: 00817Y108 500.000 23,623.860 33,790.000
AFFILIATED COMPUTER SVCS INC CL A COM CUSIP: 008190100 900.000 37,251.130 49,014.000
AFFILIATED MANAGERS GROUP INC COM STK CUSIP: 008252108 1,130.000 74,279.110 78,636.700
AFLAC INC COM CUSIP: 001055102 4,500.000 149,230.490 162,810.000
AGERE SYS INC CL A CUSIP: 00845V100 5,500.000 19,393.320 16,775.000
AGILENT TECHNOLOGIES INC COM CUSIP: 00846U101 22,100.000 473,833.740 646,204.000
AIR PROD & CHEM INC COM CUSIP: 009158106 14,200.000 620,593.520 750,186.000
ALCOA INC COM STK CUSIP: 013817101 43,700.000 972,411.550 1,660,600.000
ALCON INC CUSIP: H01301102 15,600.000 833,668.290 944,424.000
ALLERGAN INC COM CUSIP: 018490102 4,900.000 324,021.700 376,369.000
ALLIANCE DATA SYS CORP COM CUSIP: 018581108 3,450.000 47,626.710 95,496.000
ALLIANCE GAMING CORP COM NEW NEW CUSIP: 01859P609 2,900.000 42,999.840 71,485.000
ALLIANT TECHSYSTEMS INC COM CUSIP: 018804104 500.000 28,726.370 28,880.000
ALLSTATE CORP COM CUSIP: 020002101 0.000 0.000 0.000
ALLTEL CORP COM CUSIP: 020039103 13,200.000 664,721.400 614,856.000
ALTERA CORP COM CUSIP: 021441100 17,600.000 226,218.070 399,520.000
AMDOCS ORD GBP0.01 CUSIP: G02602103 1,400.000 18,847.940 31,472.000
AMER ELEC PWR CO INC COM CUSIP: 025537101 31,800.000 984,235.370 970,218.000
AMER EXPRESS CO COM CUSIP: 025816109 44,400.000 1,942,047.350 2,141,412.000
AMERADA HESS CORP COM CUSIP: 023551104 20,900.000 1,231,125.840 1,111,253.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
16
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AMERISOURCEBERGEN CORP COM CUSIP: 03073E105 500.000 31,461.910 28,075.000
AMERN INTL GROUP INC COM CUSIP: 026874107 51,762.000 3,581,645.040 3,430,785.360
AMERN STD COS INC DEL COM CUSIP: 029712106 200.000 15,195.300 20,140.000
AMGEN INC COM CUSIP: 031162100 75,600.000 4,106,728.000 4,672,080.000
AMSURG CORP COM CUSIP: 03232P405 1,370.000 34,708.850 51,909.300
ANALOG DEVICES INC COM CUSIP: 032654105 6,200.000 218,829.750 283,030.000
ANGIOTECH PHARMACEUTICALS INC COM CUSIP: 034918102 2,070.000 92,701.960 95,220.000
ANHEUSER BUSCH COS INC COM CUSIP: 035229103 34,900.000 1,674,187.000 1,838,532.000
ANTHEM INC COM CUSIP: 03674B104 500.000 32,753.960 37,500.000
APACHE CORP COM CUSIP: 037411105 200.000 12,990.460 16,220.000
APOLLO GROUP INC CL A CUSIP: 037604105 4,900.000 329,583.570 333,200.000
APPLIED FILMS CORP COM CUSIP: 038197109 2,060.000 43,235.970 68,021.200
APPLIED MATERIALS INC COM CUSIP: 038222105 70,300.000 1,204,308.620 1,578,235.000
AQUANTIVE INC COM CUSIP: 03839G105 5,500.000 50,922.530 56,375.000
ARAMARK CORP CL B CUSIP: 038521100 1,000.000 22,180.820 27,420.000
ARCHER-DANIELS-MIDLAND CO COM CUSIP: 039483102 39,500.000 571,007.920 601,190.000
ASPEN INS HOLDINGS LTD CUSIP: G05384105 200.000 4,500.000 4,962.000
ASYST TECHNOLOGIES INC COM CUSIP: 04648X107 2,500.000 23,120.750 43,375.000
AT&T CORP COM NEW CUSIP: 001957505 117,900.000 2,536,816.750 2,393,370.000
AT&T WIRELESS SVCS INC COM CUSIP: 00209A106 244,000.000 1,604,233.040 1,949,560.000
ATHEROGENICS INC COM CUSIP: 047439104 860.000 5,659.510 12,857.000
AUG TECH CORP COM STK ISIN#US05106U1051 CUSIP: 05106U105 1,900.000 18,244.460 35,245.000
AVAYA INC COM CUSIP: 053499109 52,200.000 365,254.740 675,468.000
AVOCENT CORP COM CUSIP: 053893103 1,070.000 33,192.110 39,076.400
AVON PROD INC COM CUSIP: 054303102 23,800.000 1,381,927.940 1,606,262.000
AXCELIS TECHNOLOGIES INC COM STK ISIN# US0545401095 CUSIP: 054540109 6,500.000 30,881.650 66,430.000
BAKER HUGHES INC COM CUSIP: 057224107 51,600.000 1,433,261.320 1,659,456.000
BANK ONE CORP COM CUSIP: 06423A103 53,000.000 1,797,933.160 2,416,270.000
BAXTER INTL INC COM CUSIP: 071813109 32,500.000 801,916.560 991,900.000
BCE INC COM STK CUSIP: 05534B109 37,200.000 676,009.270 831,792.000
BEASLEY BROADCAST GROUP INC CL A CUSIP: 074014101 3,050.000 39,163.540 50,111.500
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
17
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
BECTON DICKINSON & CO COM CUSIP: 075887109 16,000.000 476,264.270 658,240.000
BED BATH BEYOND INC COM CUSIP: 075896100 35,400.000 1,307,200.540 1,534,590.000
BIOGEN IDEC INC COM STK CUSIP: 09062X103 800.000 30,016.460 29,424.000
BISYS GROUP INC COM CUSIP: 055472104 1,500.000 25,775.220 22,320.000
BJ SVCS CO COM CUSIP: 055482103 20,475.000 685,557.090 735,052.500
BJS WHSL CLUB INC COM STK CUSIP: 05548J106 650.000 12,137.020 14,924.000
BK AMER CORP COM CUSIP: 060505104 14,611.000 957,503.180 1,175,162.730
BK HAW CORP COM CUSIP: 062540109 500.000 17,410.090 21,100.000
BK OF THE OZARKS INC COM CUSIP: 063904106 1,880.000 22,523.910 42,318.800
BLACK & DECKER CORP COM CUSIP: 091797100 19,200.000 825,593.070 946,944.000
BMC SOFTWARE INC COM STK CUSIP: 055921100 23,100.000 317,551.470 430,815.000
BOEING CO COM CUSIP: 097023105 12,300.000 388,917.960 518,322.000
BRIGHAM EXPL CO COM CUSIP: 109178103 4,700.000 29,230.620 37,736.300
BRISTOL MYERS SQUIBB CO COM CUSIP: 110122108 60,200.000 1,610,485.980 1,721,720.000
BROADCOM CORP CL A CUSIP: 111320107 16,500.000 459,409.150 562,485.000
BSTN SCIENTIFIC CORP COM CUSIP: 101137107 20,400.000 665,144.300 749,904.000
C D W CORP COM CUSIP: 12512N105 800.000 43,933.490 46,208.000
CA MICRO DEVICES CORP CUSIP: 130439102 3,000.000 11,292.400 27,390.000
CAP 1 FNCL COM CUSIP: 14040H105 29,200.000 954,277.550 1,789,668.000
CARDINAL HLTH INC CUSIP: 14149Y108 23,400.000 1,395,143.170 1,431,144.000
CAREER ED CORP COM CUSIP: 141665109 1,250.000 24,851.740 50,087.500
CAREMARK RX INC COM CUSIP: 141705103 9,200.000 218,646.210 233,036.000
CARMAX INC COM CUSIP: 143130102 8,800.000 268,461.000 272,184.000
CATERPILLAR INC COM CUSIP: 149123101 4,100.000 211,079.870 340,382.000
CENT FGHT LINES INC NEV COM CUSIP: 153491105 1,300.000 20,048.860 23,075.000
CENT PAC FINL CORP COM CUSIP: 154760102 2,900.000 82,543.080 87,116.000
CHARLES RIV ASSOCS INC COM CUSIP: 159852102 2,160.000 68,952.910 69,098.400
CHARTER 1 FINCL INC COM CUSIP: 160903100 30,955.000 954,184.450 1,069,495.250
CHEESECAKE FACTORY INC COM CUSIP: 163072101 1,610.000 61,024.240 70,888.300
CHEVRONTEXACO CORP COM CUSIP: 166764100 26,100.000 2,038,336.700 2,254,779.000
CHGO MERCANTILE EXCHANGE HLDGS INC CL A CUSIP: 167760107 550.000 37,265.910 39,798.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
18
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
CHORDIANT SOFTWARE INC COM STK ISIN#US1704041078 CUSIP: 170404107 5,000.000 22,099.690 27,250.000
CHUBB CORP COM CUSIP: 171232101 28,500.000 1,786,186.580 1,940,850.000
CIGNA CORP COM CUSIP: 125509109 17,300.000 832,547.290 994,750.000
CIMA LABS INC COM CUSIP: 171796105 970.000 24,258.110 31,641.400
CINTAS CORP COM CUSIP: 172908105 900.000 36,688.460 45,117.000
CISCO SYS INC COM CUSIP: 17275R102 253,100.000 5,483,568.540 6,147,799.000
CIT GROUP INC NEW COM CUSIP: 125581108 46,200.000 1,007,040.930 1,660,890.000
CITIGROUP INC COM CUSIP: 172967101 115,033.000 4,539,868.990 5,583,701.820
CITRIX SYS INC COM CUSIP: 177376100 1,700.000 40,304.920 36,057.000
CLEAR CHANNEL COMMUNICATIONS INC COM CUSIP: 184502102 32,600.000 1,262,269.450 1,526,658.000
CLOROX CO COM CUSIP: 189054109 23,800.000 1,053,838.480 1,155,728.000
COCA COLA CO COM CUSIP: 191216100 26,500.000 1,135,009.530 1,344,875.000
COLGATE-PALMOLIVE CO COM CUSIP: 194162103 6,575.000 370,275.120 329,078.750
COLUMBIA BKG SYS INC COM CUSIP: 197236102 2,120.000 29,138.180 45,919.200
COMCAST CORP NEW CL A CUSIP: 20030N101 57,857.000 1,408,361.120 1,901,759.590
COMCAST CORP NEW CL A SPL CUSIP: 20030N200 68,400.000 1,807,589.450 2,139,552.000
COMERICA INC COM CUSIP: 200340107 16,700.000 770,460.150 936,202.000
COML CAP BANCORP INC COM CUSIP: 20162L105 3,700.000 29,619.700 79,217.000
COMPUTER SCI CORP COM CUSIP: 205363104 25,900.000 881,608.890 1,145,557.000
COMPUWARE CORP COM CUSIP: 205638109 110,300.000 776,610.040 666,212.000
COMSTOCK RES INC COM NEW CUSIP: 205768203 2,950.000 33,636.290 56,935.000
CONCORD CAMERA CORP COM CUSIP: 206156101 4,350.000 29,088.000 40,237.500
CONOCOPHILLIPS COM CUSIP: 20825C104 24,400.000 1,264,521.420 1,599,908.000
COOPER COS INC COM NEW CUSIP: 216648402 1,260.000 39,513.670 59,383.800
CORIO INC COM CUSIP: 218875102 3,900.000 9,476.080 10,686.000
CORNING INC COM CUSIP: 219350105 20,600.000 33,489.890 214,858.000
COST PLUS INC CAL COM CUSIP: 221485105 770.000 20,329.170 31,570.000
COSTCO WHSL CORP NEW COM CUSIP: 22160K105 9,100.000 324,983.610 338,338.000
COVANCE INC COM CUSIP: 222816100 2,400.000 57,469.290 64,320.000
COVENANT TRANS INC NEV CL A CUSIP: 22284P105 1,870.000 32,125.690 35,548.700
COX RADIO INC CL A CUSIP: 224051102 1,000.000 25,647.730 25,230.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
19
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
CRAY INC COM CUSIP: 225223106 5,500.000 45,793.490 54,615.000
CULP INC COM CUSIP: 230215105 3,250.000 24,785.280 35,425.000
CUMULUS MEDIA INC CL A DEL CUSIP: 231082108 3,750.000 64,468.150 82,500.000
CYPRESS SEMICONDUCTOR CORP COM CUSIP: 232806109 2,500.000 24,063.350 53,400.000
DANAHER CORP COM CUSIP: 235851102 2,650.000 173,971.130 243,137.500
DEAN FOODS CO NEW COM CUSIP: 242370104 1,300.000 33,677.400 42,731.000
DELL INC COM STK CUSIP: 24702R101 140,800.000 4,183,957.180 4,781,568.000
DELPHI CORP COM CUSIP: 247126105 90,500.000 1,182,030.760 924,005.000
DIGITAL THEATER SYS INC OC-COM COM STK CUSIP: 25389G102 2,220.000 48,975.210 54,811.800
DILLARDS INC CL A COM CUSIP: 254067101 14,400.000 546,300.000 237,024.000
DIRECT GEN CORP COM STK CUSIP: 25456W204 3,210.000 71,029.690 106,251.000
DOLLAR TREE STORES INC COM CUSIP: 256747106 500.000 15,011.060 15,030.000
DOMINION RES INC VA NEW COM CUSIP: 25746U109 7,700.000 412,778.280 491,491.000
DONNELLEY R R & SONS CO COM CUSIP: 257867101 33,000.000 1,024,347.720 994,950.000
DOT HILL SYS CORP COM CUSIP: 25848T109 6,750.000 75,253.310 102,262.500
DOW CHEM CO COM CUSIP: 260543103 82,554.000 2,461,219.430 3,431,769.780
DST SYS INC COM CUSIP: 233326107 1,100.000 40,606.420 45,936.000
DU PONT E I DE NEMOURS & CO COM STK CUSIP: 263534109 16,000.000 618,945.860 734,240.000
DUKE ENERGY CORP COM STK CUSIP: 264399106 49,800.000 897,013.300 1,018,410.000
E W BANCORP INC COM CUSIP: 27579R104 1,120.000 38,792.910 60,121.600
EASTMAN KODAK CO COM CUSIP: 277461109 24,500.000 979,213.220 628,915.000
EATON CORP COM CUSIP: 278058102 5,400.000 432,704.410 583,092.000
EBAY INC COM CUSIP: 278642103 41,775.000 2,183,394.600 2,698,247.250
ED LENDING GROUP INC COM CUSIP: 28140A109 1,900.000 19,000.000 25,441.000
EDO CORP COM CUSIP: 281347104 700.000 17,286.780 17,255.000
ELECTR ARTS COM CUSIP: 285512109 56,100.000 2,454,174.900 2,680,458.000
ELECTR DATA SYS CORP NEW COM CUSIP: 285661104 83,300.000 1,654,836.520 2,044,182.000
ELI LILLY & CO COM CUSIP: 532457108 5,000.000 341,273.940 351,650.000
EMC CORP COM CUSIP: 268648102 127,700.000 1,635,276.230 1,649,884.000
EMERSON ELEC CO COM CUSIP: 291011104 8,900.000 468,803.850 576,275.000
EMULEX CORP COM NEW CUSIP: 292475209 800.000 15,578.270 21,344.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
20
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ENGELHARD CORP COM CUSIP: 292845104 21,000.000 362,891.060 628,950.000
ENTERCOM COMMUNICATIONS CORP CL A CUSIP: 293639100 500.000 24,069.060 26,480.000
EVERGREEN RES INC COM NO PAR CUSIP: 299900308 2,650.000 54,914.050 86,151.500
EXELON CORP COM CUSIP: 30161N101 8,600.000 393,633.300 570,696.000
EXPEDITORS INTL WASH INC COM CUSIP: 302130109 1,000.000 34,476.690 37,660.000
EXTREME NETWORKS INC COM CUSIP: 30226D106 5,500.000 51,090.440 39,655.000
EXXON MOBIL CORP COM CUSIP: 30231G102 41,716.000 1,521,128.430 1,710,356.000
F P L GROUP INC COM CUSIP: 302571104 9,000.000 554,535.160 588,780.000
FAIRCHILD SEMICONDUCTOR INTL INC COM CUSIP: 303726103 2,500.000 39,860.440 62,425.000
FASTENAL CO COM CUSIP: 311900104 600.000 21,331.610 29,964.000
FEDEX CORP COM CUSIP: 31428X106 20,400.000 754,785.690 1,377,000.000
FIRST DATA CORP COM CUSIP: 319963104 22,800.000 770,791.860 936,852.000
FIRSTENERGY CORP COM CUSIP: 337932107 16,600.000 542,837.420 584,320.000
FLUOR CORP NEW COM CUSIP: 343412102 22,900.000 687,312.640 907,756.000
FMC TECHNOLOGIES INC COM CUSIP: 30249U101 1,180.000 23,489.080 27,494.000
FNMA COM STK CUSIP: 313586109 16,175.000 1,185,281.440 1,214,095.500
FORD MTR CO DEL COM PAR $0.01 CUSIP: 345370860 10,433.000 153,740.450 166,928.000
FOREST LAB INC COM CUSIP: 345838106 4,100.000 215,566.590 253,380.000
FRKLN BK CORP DEL COM CUSIP: 352451108 1,800.000 26,100.000 34,200.000
FRKLN RES INC COM CUSIP: 354613101 3,600.000 166,701.250 187,416.000
G & K SVCS INC CL A CUSIP: 361268105 1,060.000 33,650.540 38,955.000
GAMESTOP CORP CL A CUSIP: 36466R101 2,120.000 30,835.400 32,669.200
GANNETT INC COM CUSIP: 364730101 1,300.000 96,516.710 115,908.000
GAP INC COM CUSIP: 364760108 36,000.000 443,557.830 835,560.000
GARTNER GROUP INC NEW CL A COM CUSIP: 366651107 3,550.000 34,695.210 40,150.500
GEN COMMUNICATION INC CL A CUSIP: 369385109 5,500.000 54,273.210 47,850.000
GEN ELEC CO COM CUSIP: 369604103 229,300.000 7,685,222.150 7,103,714.000
GEN MILLS INC COM CUSIP: 370334104 19,900.000 880,697.820 901,470.000
GEN-PROBE INC NEW COM CUSIP: 36866T103 2,750.000 33,004.530 100,292.500
GENENTECH INC COM STK CUSIP: 368710406 11,000.000 676,552.390 1,029,270.000
GENERAL MOTORS CORP COMMON STOCK CUSIP: 370442105 20,100.000 873,404.640 1,073,340.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
21
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
GENUINE PARTS CO COM CUSIP: 372460105 35,000.000 998,805.100 1,162,000.000
GENUS INC COM STK CUSIP: 372461103 3,000.000 16,807.020 18,000.000
GILEAD SCI INC COM CUSIP: 375558103 27,400.000 1,492,175.790 1,593,036.000
GILLETTE CO COM CUSIP: 375766102 19,500.000 594,926.210 716,235.000
GLOBAL IMAGING SYS INC COM CUSIP: 37934A100 1,270.000 23,706.170 40,322.500
GOLDEN W. FNCL CORP COM CUSIP: 381317106 17,900.000 752,911.540 1,847,101.000
GOLDMAN SACHS GROUP INC COM CUSIP: 38141G104 33,700.000 2,883,142.840 3,327,201.000
GOODRICH CORPORATION CUSIP: 382388106 1,500.000 41,547.360 44,535.000
GREY WOLF INC COM CUSIP: 397888108 23,600.000 85,545.890 88,264.000
GUITAR CTR INC COM CUSIP: 402040109 1,790.000 35,476.740 58,318.200
GYMBOREE CORP COM CUSIP: 403777105 4,600.000 68,393.200 79,258.000
HARLEY DAVIDSON INC COM CUSIP: 412822108 9,225.000 451,592.430 438,464.250
HARMAN INTL INDS INC NEW COM STK USD0.01 CUSIP: 413086109 1,000.000 64,366.350 73,980.000
HARRIS & HARRIS GROUP INC COM CUSIP: 413833104 2,300.000 18,400.000 26,519.000
HARSCO CORP COM CUSIP: 415864107 800.000 33,966.960 35,056.000
HCA INC COM CUSIP: 404119109 72,200.000 2,493,802.570 3,101,712.000
HEWLETT PACKARD CO COM CUSIP: 428236103 131,525.000 2,310,970.540 3,021,129.250
HIBBETT SPORTING GOODS INC COM CUSIP: 428565105 3,810.000 55,245.770 113,538.000
HILTON HOTELS CORP COM CUSIP: 432848109 1,800.000 23,442.890 30,834.000
HOME DEPOT INC COM CUSIP: 437076102 25,000.000 846,364.310 887,250.000
HONEYWELL INTL INC COM STK CUSIP: 438516106 32,500.000 965,810.700 1,086,475.000
IMAX CORP COM CUSIP: 45245E109 2,650.000 24,180.460 20,961.500
IMPAC MED SYS INC COM CUSIP: 45255A104 1,400.000 24,418.810 35,784.000
INAMED CORP COM CUSIP: 453235103 915.000 43,334.160 43,974.900
INGERSOLL-RAND CO CL A CUSIP: G4776G101 1,800.000 120,666.750 122,184.000
INTEGRATED ALARM SVCS GROUP INC COM CUSIP: 45890M109 2,950.000 27,131.000 25,075.000
INTEL CORP COM CUSIP: 458140100 239,400.000 5,430,783.300 7,708,680.000
INTERACTIVECORP COM STK CUSIP: 45840Q101 9,400.000 330,689.310 318,942.000
INTERSIL CORP CUSIP: 46069S109 1,400.000 37,551.820 34,790.000
INTL BUSINESS MACHS CORP COM CUSIP: 459200101 6,700.000 541,949.810 620,956.000
INTL PAPER CO COM CUSIP: 460146103 37,017.000 1,350,734.520 1,595,802.870
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
22
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
INTUIT COM CUSIP: 461202103 19,400.000 874,784.440 1,026,454.000
INVT TECH GROUP INC NEW COM CUSIP: 46145F105 2,850.000 52,857.510 46,027.500
IPAYMENT INC COM STK CUSIP: 46262E105 1,550.000 29,369.680 52,700.000
ISTA PHARMACEUTICALS INC COM NEW CUSIP: 45031X204 1,860.000 17,670.000 17,260.800
J P MORGAN CHASE & CO COM CUSIP: 46625H100 60,860.000 1,810,357.840 2,235,387.800
JABIL CIRCUIT INC COM CUSIP: 466313103 1,500.000 35,275.170 42,450.000
JARDEN CORP COM CUSIP: 471109108 3,990.000 71,858.380 109,086.600
JOHNSON & JOHNSON COM CUSIP: 478160104 10,575.000 548,273.730 546,304.500
JONES LANG LASALLE INC COM STK CUSIP: 48020Q107 1,500.000 31,605.630 31,095.000
JOS A BK CLOTHIERS INC COM CUSIP: 480838101 770.000 30,612.120 26,711.300
JUNIPER NETWORKS INC COM CUSIP: 48203R104 9,400.000 175,005.640 175,592.000
K.V PHARMACEUTICAL CL A CUSIP: 482740206 2,600.000 36,645.410 66,300.000
KCS ENERGY INC CUSIP: 482434206 1,900.000 15,200.000 20,045.000
KELLOGG CO COM CUSIP: 487836108 13,800.000 468,873.390 525,504.000
KELLWOOD CO COM CUSIP: 488044108 1,260.000 45,627.450 51,660.000
KERR MCGEE CORP COM CUSIP: 492386107 23,100.000 1,120,508.270 1,073,919.000
KEY ENERGY SVCS INC CUSIP: 492914106 6,800.000 67,610.170 70,108.000
KEYCORP NEW COM CUSIP: 493267108 34,700.000 924,876.260 1,017,404.000
KIMBERLY-CLARK CORP COM CUSIP: 494368103 9,500.000 475,994.030 561,355.000
KINDRED HEALTHCARE INC COM STK CUSIP: 494580103 970.000 47,325.740 50,420.600
KLA-TENCOR CORP CUSIP: 482480100 8,800.000 428,283.030 516,296.000
KNIGHT TRADING GROUP INC CL A COM CUSIP: 499063105 3,800.000 24,825.800 55,632.000
KNIGHT-RIDDER INC COM STK CUSIP: 499040103 6,700.000 452,477.270 518,379.000
KOHLS CORP COM CUSIP: 500255104 10,700.000 544,620.390 480,858.000
KRAFT FOODS INC CL A CUSIP: 50075N104 16,400.000 488,133.960 528,408.000
KYPHON INC COM CUSIP: 501577100 1,850.000 44,370.790 45,935.500
L-3 COMMUNICATIONS HLDG CORP COM CUSIP: 502424104 700.000 30,761.130 35,952.000
LAB CORP AMER HLDGS COM NEW CUSIP: 50540R409 15,700.000 550,885.930 580,115.000
LABOR READY INC COM NEW CUSIP: 505401208 4,150.000 27,925.450 54,365.000
LAMAR ADVERTISING CO CL A COM CUSIP: 512815101 600.000 23,685.190 22,392.000
LANDSTAR SYS INC COM CUSIP: 515098101 990.000 32,154.410 37,659.600
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
23
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
LAUDER ESTEE COS INC CL A CUSIP: 518439104 1,200.000 41,738.660 47,112.000
LCC INTL INC CL A CUSIP: 501810105 8,700.000 44,161.630 46,649.400
LEHMAN BROS HLDGS INC COM CUSIP: 524908100 1,200.000 92,316.360 92,664.000
LIN TV CORP CL A CUSIP: 532774106 2,500.000 55,613.400 64,525.000
LINENS N THINGS INC COM CUSIP: 535679104 800.000 19,942.090 24,064.000
LOEWS CORP COM CUSIP: 540424108 29,200.000 1,337,895.830 1,443,940.000
LOWES COS INC COM CUSIP: 548661107 61,800.000 2,903,600.350 3,423,102.000
LTD BRANDS CUSIP: 532716107 36,420.000 524,514.440 656,652.600
LUBRIZOL CORP COM CUSIP: 549271104 8,500.000 312,902.630 276,420.000
LUFKIN INDS INC COM CUSIP: 549764108 900.000 22,871.700 25,911.000
M & T BK CORP COM CUSIP: 55261F104 600.000 56,832.990 58,980.000
MACATAWA BK CORP COM CUSIP: 554225102 1,300.000 19,152.940 36,803.000
MACROMEDIA INC COM CUSIP: 556100105 4,650.000 80,697.770 82,956.000
MANTECH INTL CORP CL A CUSIP: 564563104 1,330.000 20,866.720 33,183.500
MARRIOTT INTL INC NEW COM STK CL A CUSIP: 571903202 3,700.000 147,295.660 170,940.000
MARSH & MCLENNAN CO'S INC COM CUSIP: 571748102 22,700.000 1,203,564.910 1,087,103.000
MARVEL ENTERPRISES INC COM STK CUSIP: 57383M108 3,400.000 56,902.020 98,974.000
MARVELL TECH GROUP MARVELL TECH GROUP INC CUSIP: G5876H105 7,000.000 271,343.350 265,510.000
MASCO CORP COM CUSIP: 574599106 33,500.000 621,728.010 918,235.000
MATTEL INC COM CUSIP: 577081102 500.000 9,304.480 9,635.000
MAXIM INTEGRATED PRODS INC COM CUSIP: 57772K101 29,900.000 1,211,959.860 1,489,020.000
MAY DEPT STORES CO COM CUSIP: 577778103 58,000.000 1,457,925.570 1,686,060.000
MBIA INC COM CUSIP: 55262C100 7,400.000 371,993.990 438,302.000
MBNA CORP COM CUSIP: 55262L100 81,700.000 1,476,633.330 2,030,245.000
MC DONALDS CORP COM CUSIP: 580135101 112,125.000 2,277,290.420 2,784,063.750
MEDIMMUNE INC COM CUSIP: 584699102 8,400.000 271,496.600 213,360.000
MEDTRONIC INC COM CUSIP: 585055106 69,300.000 3,143,110.290 3,368,673.000
MELLON FINL CORP COM CUSIP: 58551A108 28,500.000 745,035.390 915,135.000
MERCANTILE BK CORP COM CUSIP: 587376104 1,020.000 33,925.200 37,230.000
MERCK & CO INC COM CUSIP: 589331107 15,600.000 677,023.600 720,720.000
MERCURY INTERACTIVE CORP COM CUSIP: 589405109 900.000 36,765.750 43,776.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
24
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MERRILL LYNCH & CO INC COM CUSIP: 590188108 41,525.000 2,182,424.110 2,435,441.250
METAL MGMT INC COM NEW STK NEW CUSIP: 591097209 3,880.000 82,297.550 143,288.400
METTLER-TOLEDO INTL INC COM CUSIP: 592688105 1,430.000 54,905.560 60,360.300
MGI PHARMA INC COM CUSIP: 552880106 500.000 20,322.290 20,575.000
MGIC INVT CORP WIS COM CUSIP: 552848103 8,700.000 355,566.990 495,378.000
MICROCHIP TECH INC COM CUSIP: 595017104 8,000.000 220,053.020 266,880.000
MICROSOFT CORP COM CUSIP: 594918104 263,200.000 7,516,783.170 7,248,528.000
MICROSTRATEGY INC CL A NEW CUSIP: 594972408 780.000 30,884.840 40,934.400
MOLEX INC CL A CUSIP: 608554200 800.000 21,510.500 23,488.000
MOLINA HEALTHCARE INC COM CUSIP: 60855R100 1,700.000 38,041.740 42,891.000
MONRO MUFFLER BRAKE INC COM CUSIP: 610236101 1,860.000 13,296.460 37,218.600
MONSANTO CO NEW COM CUSIP: 61166W101 8,015,114.000 81,264,607.380 230,674,980.920
MORGAN STANLEY CUSIP: 617446448 46,700.000 2,272,253.980 2,702,529.000
MOTOROLA INC COM CUSIP: 620076109 85,300.000 731,167.700 1,200,171.000
MTC TECHNOLOGIES INC COM CUSIP: 55377A106 2,400.000 43,105.150 77,328.000
MYKROLIS CORP COM CUSIP: 62852P103 5,020.000 52,951.590 80,721.600
NABORS INDUSTRIES COM USD0.10 CUSIP: G6359F103 1,100.000 37,610.370 45,650.000
NAVIGATORS GROUP INC COM CUSIP: 638904102 1,110.000 28,836.360 34,265.700
NCR CORP COM CUSIP: 62886E108 25,100.000 678,351.330 973,880.000
NEKTAR THERAPEUTICS COM CUSIP: 640268108 2,450.000 32,552.950 33,344.500
NELNET INC CL A CUSIP: 64031N108 3,200.000 69,682.500 71,680.000
NEUROCRINE BIOSCIENCES INC COM CUSIP: 64125C109 300.000 15,854.710 16,362.000
NEXSTAR BROADCASTING GROUP INC CL A CUSIP: 65336K103 1,500.000 21,000.000 20,565.000
NIKE INC CL B CUSIP: 654106103 13,500.000 711,159.400 924,210.000
NOBLE CORPORATION COM CUSIP: G65422100 14,300.000 494,241.860 511,654.000
NORDSTROM INC COM CUSIP: 655664100 25,600.000 589,229.540 878,080.000
NOVA CHEMICALS CORP COM CUSIP: 66977W109 19,500.000 489,462.770 525,525.000
NOVELL INC COM CUSIP: 670006105 30,800.000 238,112.940 324,016.000
NPS PHARMACEUTICALS INC COM CUSIP: 62936P103 1,720.000 37,871.820 52,872.800
NS GROUP INC COM CUSIP: 628916108 2,900.000 24,030.940 28,130.000
NVE CORP COM NEW CUSIP: 629445206 500.000 20,244.570 25,650.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
25
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
OCCIDENTAL PETE CORP COM CUSIP: 674599105 65,100.000 1,773,551.170 2,749,824.000
ODYSSEY HEALTHCARE INC COM CUSIP: 67611V101 4,050.000 51,263.240 118,503.000
ON SEMICONDUCTOR CORP COM CUSIP: 682189105 12,500.000 60,335.490 80,625.000
ONLINE RES CORP COM CUSIP: 68273G101 3,200.000 19,595.620 21,148.800
ONYX PHARMACEUTICALS INC DEL COM CUSIP: 683399109 2,000.000 30,216.490 56,460.000
ORACLE CORP COM CUSIP: 68389X105 148,000.000 1,815,685.290 1,953,600.000
OSI PHARMACEUTICALS INC COM CUSIP: 671040103 1,150.000 17,426.300 37,041.500
OVERLAND STORAGE INC COM CUSIP: 690310107 4,030.000 80,622.870 75,764.000
OVERNITE CORP COM CUSIP: 690322102 2,560.000 49,481.250 58,240.000
O2 MICRO INTL O2 MICRO INTL LTD COM STK CUSIP: G6797E106 1,270.000 13,290.190 28,448.000
PACKAGING CORP AMER COM ISIN US6951561090 CUSIP: 695156109 22,300.000 475,295.350 487,478.000
PATTERSON-UTI ENERGY INC COM CUSIP: 703481101 400.000 11,089.780 13,168.000
PEETS COFFEE & TEA INC COM CUSIP: 705560100 1,700.000 26,735.320 29,597.000
PENFORD CORP COM CUSIP: 707051108 2,900.000 42,586.200 39,817.000
PENWEST PHARMACEUTICALS CO COM CUSIP: 709754105 2,490.000 55,898.530 43,027.200
PEOPLESOFT INC COM CUSIP: 712713106 12,200.000 251,653.760 278,160.000
PEPSICO INC COM CUSIP: 713448108 46,050.000 2,082,500.780 2,146,851.000
PERFORMANCE FOOD GROUP CO COM CUSIP: 713755106 2,800.000 93,311.630 101,276.000
PFIZER INC COM STK $.11 1/9 PAR CUSIP: 717081103 10,705,833.000 210,843,991.760 378,237,079.890
PITNEY BOWES INC COM CUSIP: 724479100 30,600.000 1,022,432.940 1,242,972.000
PROCTER & GAMBLE CO COM CUSIP: 742718109 30,200.000 2,684,581.960 3,016,376.000
PROGENICS PHARMACEUTICALS INC COM CUSIP: 743187106 760.000 11,338.860 14,333.600
PROGRESSIVE CORP OH COM CUSIP: 743315103 20,300.000 1,132,201.540 1,696,877.000
PROSPERITY BANCSHARES INC COM CUSIP: 743606105 930.000 15,569.430 20,943.600
PRUDENTIAL FINL INC COM CUSIP: 744320102 25,900.000 902,042.730 1,081,843.000
QUALCOMM INC COM CUSIP: 747525103 1,900.000 102,841.920 102,467.000
RADIO 1 INC CL D NON VTG CUSIP: 75040P405 2,500.000 41,677.680 48,250.000
RADWARE LTD COM STK CUSIP: M81873107 4,450.000 72,718.330 121,262.500
RED HAT INC COM CUSIP: 756577102 3,550.000 28,878.180 66,633.500
REDWOOD TR INC COM CUSIP: 758075402 2,710.000 85,510.920 137,803.500
REGIS CORP MINN COM CUSIP: 758932107 2,400.000 80,275.350 94,848.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
26
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
RENAL CARE GROUP INC COM CUSIP: 759930100 1,780.000 56,992.850 73,336.000
ROHM & HAAS CO COM CUSIP: 775371107 24,600.000 845,555.250 1,050,666.000
ROPER INDS INC NEW COM CUSIP: 776696106 1,750.000 75,203.100 86,205.000
RUDOPLH TECHNOLOGIES INC COM CUSIP: 781270103 1,220.000 28,371.430 29,938.800
SAFECO CORP COM CUSIP: 786429100 4,200.000 145,618.220 163,506.000
SBC COMMUNICATIONS INC COM CUSIP: 78387G103 33,951.000 1,031,636.720 885,102.570
SCHERING-PLOUGH CORP COM CUSIP: 806605101 112,200.000 2,883,918.530 1,951,158.000
SCHLUMBERGER LTD COM STK CUSIP: 806857108 16,300.000 982,108.210 891,936.000
SCHNITZER STL INDS INC CL A CUSIP: 806882106 1,600.000 30,336.980 96,800.000
SCRIPPS E.W INC NEW CL A COM CUSIP: 811054204 6,500.000 504,796.100 611,910.000
SELECT COMFORT CORP OC-CAP STK CUSIP: 81616X103 4,440.000 47,675.180 109,934.400
SEMTECH CORP CUSIP: 816850101 2,400.000 34,838.160 54,552.000
SENSYTECH INC COM CUSIP: 81726S101 1,620.000 12,960.000 22,680.000
SIERRA WIRELESS INC COM STK CUSIP: 826516106 3,610.000 64,236.210 55,521.800
SINA CORPORATION COM STK USD0.133 CUSIP: G81477104 1,440.000 16,447.390 48,600.000
SLM CORP COM CUSIP: 78442P106 18,800.000 708,803.300 708,384.000
SMITH INTL INC COM CUSIP: 832110100 700.000 24,184.770 29,064.000
SOHU COM INC COM CUSIP: 83408W103 1,370.000 22,508.640 41,113.700
SOLUTIA INC COM STK CUSIP: 834376105 720,395.000 14,015,475.920 262,944.180
SOUTHWESTN ENERGY CO COM CUSIP: 845467109 2,350.000 27,867.240 56,165.000
SPANISH BROADCASTING SYS INC CL A COM STK CUSIP: 846425882 6,100.000 59,933.390 64,050.000
SPX CORP COM CUSIP: 784635104 800.000 42,836.550 47,048.000
ST JUDE MED INC COM CUSIP: 790849103 12,375.000 726,378.740 759,206.250
ST PAUL TRAVELERS CORP CUSIP: 792860108 31,300.000 1,192,640.200 1,241,045.000
ST STR CORP COM CUSIP: 857477103 10,100.000 491,971.360 526,008.000
STARBUCKS CORP COM CUSIP: 855244109 36,100.000 941,497.310 1,193,466.000
STARWOOD HOTELS & RESORTS WORLDWIDE INC PAIRED CTF 1 B SH CUSIP: 85590A203 15,200.000 432,949.650 546,744.000
STORAGE TECH CORP COM (NEW) CUSIP: 862111200 20,100.000 326,954.120 517,575.000
STRATASYS INC COM CUSIP: 862685104 1,830.000 31,332.900 49,885.800
STRYKER CORP COM CUSIP: 863667101 6,800.000 513,419.890 578,068.000
SUNGARD DATA SYS INC COM CUSIP: 867363103 800.000 18,611.060 22,168.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
27
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
SUPERCONDUCTOR TECHNOLOGIES INC COM CUSIP: 867931107 6,700.000 35,961.630 37,386.000
SUPPORT SOFT INC CUSIP: 868587106 2,900.000 26,289.170 38,135.000
SYMANTEC CORP COM CUSIP: 871503108 29,600.000 680,150.480 1,025,640.000
SYSCO CORP COM CUSIP: 871829107 7,700.000 254,328.470 286,671.000
TANOX INC COM STK CUSIP: 87588Q109 710.000 6,173.690 10,543.500
TARGET CORP COM CUSIP: 87612E106 28,400.000 1,082,405.450 1,090,560.000
TETRA TECHNOLOGIES INC DEL COM CUSIP: 88162F105 1,960.000 17,906.580 47,510.400
THERMO ELECTRON CORP COM CUSIP: 883556102 33,000.000 526,774.930 831,600.000
THERMOGENESIS CORP COM NEW CUSIP: 883623209 4,200.000 22,419.600 21,756.000
TIFFANY & CO COM CUSIP: 886547108 18,400.000 428,449.890 831,680.000
TIME WARNER INC NEW COM CUSIP: 887317105 112,700.000 1,489,601.410 2,027,473.000
TJX COS INC COM NEW CUSIP: 872540109 30,800.000 656,699.960 679,140.000
TORCHMARK CORP COM CUSIP: 891027104 21,000.000 787,896.180 956,340.000
TREX INC COM CUSIP: 89531P105 2,280.000 78,368.350 86,594.400
TRIAD GTY INC CUSIP: 895925105 930.000 39,897.760 46,825.500
TRIBUNE CO COM CUSIP: 896047107 3,300.000 156,090.420 170,280.000
TRIDENT MICROSYSTEMS INC COM CUSIP: 895919108 4,060.000 46,464.840 70,725.200
TX INSTRS INC COM CUSIP: 882508104 57,200.000 1,413,450.090 1,680,536.000
TXU CORP COM CUSIP: 873168108 14,700.000 592,792.570 348,684.000
UCBH HLDGS INC COM CUSIP: 90262T308 1,780.000 36,971.710 69,366.600
ULTRA PETE CORP COM NPV CUSIP: 903914109 5,600.000 50,091.530 137,872.000
UN PAC CORP COM CUSIP: 907818108 19,300.000 1,060,423.990 1,340,964.000
UNITED PARCEL SVC INC CL B CUSIP: 911312106 4,300.000 279,403.640 320,565.000
UNITEDHEALTH GROUP INC COM CUSIP: 91324P102 34,900.000 1,078,587.440 2,030,482.000
UNIVISION COMMUNICATIONS INC CL A CUSIP: 914906102 14,300.000 447,340.850 567,567.000
UNOCAL CORP COM CUSIP: 915289102 45,100.000 1,575,421.340 1,661,033.000
UNOVA INC COM CUSIP: 91529B106 2,100.000 45,854.960 48,195.000
UNUMPROVIDENT CORP COM CUSIP: 91529Y106 40,300.000 943,988.030 635,531.000
US BANCORP CUSIP: 902973304 48,073.000 961,734.830 1,431,613.940
UTD NAT FOODS INC COM CUSIP: 911163103 2,850.000 60,359.680 102,343.500
UTD PANAM FINL CORP COM CUSIP: 911301109 5,970.000 82,163.220 99,758.700
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
28
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
UTD TECHNOLOGIES CORP COM CUSIP: 913017109 10,300.000 808,859.350 976,131.000
UTD THERAPEUTICS CORP DEL COM STK CUSIP: 91307C102 2,520.000 51,915.060 57,834.000
UTI WORLDWIDE INC ORD NPV CUSIP: G87210103 880.000 21,220.500 33,378.400
V F CORP COM CUSIP: 918204108 14,800.000 442,865.830 639,952.000
VALSPAR CORP COM CUSIP: 920355104 400.000 18,749.070 19,768.000
VANS INC COM CUSIP: 921930103 2,350.000 12,733.290 26,813.500
VARIAN MED SYS INC COM ISIN #US9222091057 CUSIP: 92220P105 300.000 15,743.570 20,730.000
VCA ANTECH INC COM STK CUSIP: 918194101 4,400.000 50,058.440 136,312.000
VERITAS SOFTWARE CORP COM CUSIP: 923436109 36,600.000 1,195,650.560 1,360,056.000
VERIZON COMMUNICATIONS COM CUSIP: 92343V104 20,572.000 809,765.100 721,665.760
VIACOM COM CL B CUSIP: 925524308 111,747.000 4,894,955.050 4,959,331.860
VICURON PHARMACEUTICALS INC COM CUSIP: 926471103 2,550.000 36,156.260 47,557.500
VISTACARE INC CL A COM CUSIP: 92839Y109 1,020.000 17,082.940 35,853.000
VITRAN INC COM CUSIP: 92850E107 2,500.000 34,375.000 35,375.000
W MARINE INC CUSIP: 954235107 3,510.000 59,251.760 97,613.100
WACHOVIA CORP 2ND NEW COM CUSIP: 929903102 32,100.000 1,009,452.830 1,495,539.000
WAL-MART STORES INC COM CUSIP: 931142103 89,200.000 4,747,620.270 4,732,060.000
WALGREEN CO COM CUSIP: 931422109 40,600.000 1,341,606.060 1,477,028.000
WEATHERFORD INTL LTD CUSIP: G95089101 8,300.000 337,457.600 298,800.000
WELLPOINT HLTH NETWORKS INC CL A (NEW) DELAW EFF 8-4-97 CUSIP: 94973H108 8,500.000 456,635.370 824,415.000
WELLS FARGO & CO NEW COM STK CUSIP: 949746101 41,500.000 1,942,801.180 2,443,935.000
WESTN SIERRA BANCORP COM CUSIP: 959522103 980.000 30,369.370 46,060.000
WESTWOOD 1 INC COM CUSIP: 961815107 21,600.000 676,936.680 738,936.000
WHIRLPOOL CORP COM CUSIP: 963320106 12,300.000 649,831.140 893,595.000
WHITING PETE CORP NEW COM STK CUSIP: 966387102 1,800.000 27,900.000 33,120.000
WHOLE FOODS MKT INC COM CUSIP: 966837106 5,400.000 290,726.510 362,502.000
WILLIAMS SONOMA INC COM CUSIP: 969904101 1,300.000 34,170.650 45,201.000
WILLIS GROUP HOLDINGS COM CUSIP: G96655108 1,000.000 28,877.950 34,070.000
WILSON GREATBATCH TECHNOLOGIES INC COM CUSIP: 972232102 1,500.000 42,902.590 63,405.000
WINTRUST FINL CORP COM CUSIP: 97650W108 1,710.000 53,362.250 77,121.000
WRIGHT MED GROUP INC COM CUSIP: 98235T107 2,300.000 48,314.540 70,012.000
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
29
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
WRIGLEY WM JR CO CAP CUSIP: 982526105 1,200.000 64,904.670 67,452.000
WYETH COM CUSIP: 983024100 61,775.000 2,402,443.520 2,622,348.750
XEROX CORP COM CUSIP: 984121103 195,000.000 1,967,099.700 2,691,000.000
XL CAP LTD SHS A CUSIP: G98255105 18,900.000 1,450,904.410 1,465,695.000
XTO ENERGY INC COM CUSIP: 98385X106 1,000.000 18,252.110 28,300.000
YAHOO INC COM CUSIP: 984332106 74,300.000 2,804,116.750 3,356,131.000
ZENITH NATL INS CORP COM CUSIP: 989390109 1,560.000 43,728.330 50,778.000
ZIMMER HLDGS INC COM CUSIP: 98956P102 5,000.000 278,338.430 352,000.000
ZIONS BANCORP COM CUSIP: 989701107 500.000 31,019.890 30,665.000
ZOLL MED CORP COM CUSIP: 989922109 940.000 30,903.980 33,351.200
1ST ST BANCORPORATION COM CUSIP: 336453105 850.000 23,625.750 29,537.500
3M CO COM CUSIP: 88579Y101 11,200.000 720,522.130 952,336.000
4 KIDS ENTMT INC COM CUSIP: 350865101 1,190.000 26,775.000 30,963.800
99 CENTS ONLY STORES COM CUSIP: 65440K106 1,390.000 41,506.800 37,849.700
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 573,235,032.48 920,505,895.26
---------------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE STOCK - COMMON 573,235,032.48 920,505,895.26
Participant Loans
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MONSANTO PARTICIPANT LOANS CUSIP: 999899602 16,761,089.400 16,761,089.400 16,761,089.400
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 16,761,089.40 16,761,089.40
---------------------------------------------------------------------------------------------------------------------------------
TOTAL PARTICIPANT LOANS 16,761,089.40 16,761,089.40
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
30
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Value of Interest in Common/Collective Trusts
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
COLTV STIF CUSIP: 195997KR1 18,538,352.280 18,538,352.280 18,538,352.280
MFB NTGI-QM COLTV DAILY RUSSELL 1000 VALUE EQTY INDEX F CUSIP: 658991369 0.000 0.000 0.060
MFO CAP GUARDIAN INTL NON-US EQTY (FUND 003-05) CUSIP: 1399977Q7 3,751,316.500 43,302,567.370 48,917,167.160
MFO MELLON BNK EB DAILY LIQUIDITY INDEX FD CUSIP: 585992795 395,306.750 91,637,310.990 93,634,728.640
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 153,478,230.64 161,090,248.14
---------------------------------------------------------------------------------------------------------------------------------
TOTAL VALUE OF INTEREST IN COMMON/COLLECTIVE TRUSTS 153,478,230.64 161,090,248.14
Value of Interest in Registered Investment Companies
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MFB NTGI-QM COLTV DAILY RUSSELL 2000 VALUE EQTY INDEX F CUSIP: 658991393 0.000 0.000 0.030
MFB NTGI-QM COLTV DIALY TIPS FD-LENDING CUSIP: 658991666 0.000 0.000 0.010
MFO FFTW FDS INC U S SHORT-TERM PORTFOLIO CUSIP: 30242R105 1,356,522.990 12,800,969.740 12,792,011.800
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 12,800,969.74 12,792,011.84
---------------------------------------------------------------------------------------------------------------------------------
TOTAL VALUE OF INTEREST IN REGISTERED INVESTMENT COM 12,800,969.74 12,792,011.84
Other
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AGREE RLTY CORP COM CUSIP: 008492100 1,440.000 35,352.210 40,723.200
EQTY INNS INC COM CUSIP: 294703103 5,000.000 40,066.200 45,250.000
EQTY OFFICE PPTYS TR REIT CUSIP: 294741103 56,400.000 1,517,163.850 1,615,860.000
EQTY RESDNTL EFF 5/15/02 CUSIP: 29476L107 34,100.000 794,232.050 1,006,291.000
GIC AEGON GLOBAL WRAP CNTRCT CDA00004TR RATE CUSIP: 999500FC0 440,213,113.170 440,213,113.170 440,213,113.170
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 442,599,927.48 442,921,237.37
---------------------------------------------------------------------------------------------------------------------------------
TOTAL OTHER 442,599,927.48 442,921,237.37
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
31
5500 SUPPLEMENTAL SCHEDULES
31 DEC 03
Schedule of Assets Held for Investment Purposes
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
---------------------------------------------------------------------------------------------------------------------------------
Other Liabilities
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
LIAB RE: MONSANTO COMPANY INTERNAL LOAN -82,638.820 -82,638.820 -82,638.820
LIAB RE: MONSANTO COMPANY LOAN DUE -23,042,628.000 -23,042,628.000 -23,042,628.000
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD -23,125,266.82 -23,125,266.82
---------------------------------------------------------------------------------------------------------------------------------
TOTAL OTHER LIABILITIES -23,125,266.82 -23,125,266.82
Payable Other
---------------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
&&&INVESTMENT MANAGEMENT EXPENSE ACCRUAL CUSIP: 999899537 10.000 0.000 0.000
FEE FOR SECURITIES LENDING ACTIVITY FOR CUSIP: 999766066 5.000 0.000 0.000
RECORDKEEPING EXPENSE ACCRUAL CUSIP: 999899529 14.000 0.000 0.000
TRUSTEE/CUSTODY EXPENSE ACCRUAL CUSIP: 999899511 14.000 0.000 0.000
---------------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 0.00 0.00
---------------------------------------------------------------------------------------------------------------------------------
TOTAL PAYABLE OTHER 0.00 0.00
---------------------------------------------------------------------------------------------------------------------------------
TOTAL 1,217,898,848.16 1,575,387,293.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
32
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DEC. 31, 2003
---------------------------------------------------------------------------------------------------------------------
(DOLLARS IN THOUSANDS)
CURRENT
Identity of issuer, borrower, lessor or similar party COST VALUE
See attached detail $ 1,217,899 $ 1,575,387
Reconciling items:
-----------------
Pending Trade Sales listed on Detail (2,601) (2,601)
Pending Trade Purchases listed on Detail 3,216 3,216
Negative cash reclassified to other liabilities 339 339
ESOP loan balance* 23,125 23,125
----------- -----------
Subtotal $ 1,241,978 $ 1,599,466
=========== ===========
* Represents party-in-interest to the plan
33
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, 2003
34
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C00184A105 ###REORG/AOL TIME WARNER INC.(00184A105) AS THERE WAS A
NAME CHNGINTO TIME WARN
Acquisitions 60,800.00 -669,363.54
Dispositions -55,300.00 777,375.18
Free Delivery -60,800.00
C090597105 ###REORG/BIOGEN INCPER A 1.15 STOCK MERGERTO BIOGEN IDEC
SEC#2005597 EFF 11/13/0
Acquisitions 1,100.00 -44,952.76
Dispositions -1,100.00 36,633.17
C524651106 ###REORG/LEGATO SYSTEMS STOCK MERGER TO EMC CORP
SEC#2-289812 EFF 10/20/03
Acquisitions 12,500.00 -74,250.00
Dispositions -12,500.00 104,432.59
C830018107 ###REORG/6 CONTINENT EXCH INTERCONTINENTALHOTEL 2002557
MITCHELLS#2002287 4/15/0
Acquisitions 18,100.00 -141,858.75
Dispositions -87,500.00 111,422.50
C247025109 #REORG DELL COMPUTER / A 1 N/C TO DELL INC 2003647
EFF 7/18/03
Acquisitions 18,500.00 -514,443.29
Dispositions -43,000.00 1,266,637.64
Free Delivery -81,500.00
C901314104 #REORG/ 24/7 REAL MEDIA INC REV SPLIT EFF 2/26/04
Acquisitions 26,700.00 -41,242.75
Dispositions -4,900.00 6,618.17
C00790K109 #REORG/ADVANCE PCS CASH & STK MERGER TO CAREMARK RX INC
SEC #2109231 EFF 3/25/04
Acquisitions 300.00 -8,614.38
Dispositions -2,000.00 88,548.36
CG07644100 #REORG/BK OF BERMUDA LTD CASH MERGER EFF2/18/04
Acquisitions 2,000.00 -78,541.16
Dispositions -2,000.00 88,324.77
C095811105 #REORG/BLUE RHINO INC CASH MERGER EFF 4/20/04
Acquisitions 800.00 -8,476.72
Dispositions -2,600.00 31,963.50
C206197105 #REORG/CONCORD EFS INC STK MERGER TO 1STDATA CORP SEC
#2321292 EFF 2/26/04
Acquisitions 600.00 -9,708.84
Dispositions -2,500.00 28,151.99
C29664R106 #REORG/ESPERION THERAPEUTICS CASH MERGEREFF 2/10/04
Acquisitions 3,500.00 -56,000.00
Dispositions -3,500.00 79,875.21
C339030108 #REORG/FLEETBOSTON FINL CORP STK MERGER TO BK OF AMER
CORP #2028343 3/31/04
Dispositions -47,500.00 1,445,918.51
Free Delivery -18,400.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
35
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 18,400.00
C37957V106 #REORG/GLOBESPAN VIRATA INC STK MERGER TO CONEXANT
SYSTEMS 2196547 EFF 2/27/04
Acquisitions 5,300.00 -32,780.52
Dispositions -12,900.00 70,955.65
C370442832 #REORG/GM CORP PLAN OF REORG TO HUGHES ELECTRONICS
CU444418107 NEWS SEC2-006040
Acquisitions 13,000.00 -202,351.43
Free Delivery -13,000.00
C441815107 #REORG/HOUSEHOLD INTERNATIONAL PER A 2.675 PER 1 PLAN OF
MERGER EFF 3/28/03
Acquisitions 11,900.00 -339,388.00
Dispositions -25,500.00 681,561.90
Free Delivery -11,900.00
Free Receipt 11,900.00
C444418107 #REORG/HUGHES ELECTRONICS NAME CHANGE TODIRECTV GROUP INC
#2007308 EFF 3/17/04
Free Delivery -10,701.60
Free Receipt 21,403.41
C450312103 #REORG/I-STAT CORP CASH MERGER EFF 1/28/04
Acquisitions 2,000.00 -24,012.20
Dispositions -300.00 3,740.82
C449370105 #REORG/IDEC PHARMACEUTICALS NAME CHANGE TO BIOGEN IDEC
SEC#2005997 EFF 11/12/03
Acquisitions 2,100.00 -73,849.04
Dispositions -1,500.00 51,523.44
Free Delivery -1,500.00
C461858102 #REORG/INVIVO CORP CASH MERGER EFF 1/27/04
Acquisitions 1,000.00 -19,531.45
Dispositions -1,500.00 30,366.12
C41014S106 #REORG/JOHN HANCOCK FINL SERVICES INC STK MERGER MANULIFE
#2527917 4/28/04
Acquisitions 22,700.00 -654,179.32
Dispositions -32,500.00 1,061,345.82
Free Delivery -8,600.00
Free Receipt 8,600.00
C60668M108 #REORG/MITCHELLS & BUTLERS PLC SPONS ADRPLAN OF REORG TO
MITCHELLS&BUTLERS
Dispositions -74,152.75 251,313.69
Free Receipt 74,152.75
C67072M103 #REORG/NUVELO INC REV SPLIT TO NUVELO INC SEC #2006888
EFF 2/20/04
Acquisitions 8,300.00 -20,335.00
Dispositions -8,300.00 26,103.03
C671802106 #REORG/OAK TECH CASH & STK MERGER TO ZORAN CORP SEC
# 2950671 EFF 8/12/03
Acquisitions 4,300.00 -17,326.42
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
36
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -4,300.00 12,527.06
C71713U102 #REORG/PHARMACIA CORP STOCK MERGER TO PFIZER INC SEC
# 2712656 4/16/03
Acquisitions 2,900.00 -118,248.95
Dispositions -288,746.00 12,216,978.62
Free Delivery -8,917,581.00
Free Receipt 68,281.00
C739419109 #REORG/PRACTICEWORKS INC CASH MERGER EFF10/08/03
Acquisitions 400.00 -7,657.20
Dispositions -400.00 8,563.59
C852559103 #REORG/STAKE TECHNOLOGY LTD NAME CHANGEDTO SUNOPTA INC
SEC #2005403 EFF 10/31/03
Acquisitions 4,650.00 -17,656.52
Dispositions -4,650.00 27,875.97
C883381105 #REORG/THERASENSE INC CASH MERGER EFF 4-5-05
Acquisitions 4,200.00 -62,354.44
Dispositions -1,150.00 19,063.10
C89420G109 #REORG/TRAVELERS PPTYS COS CORP CL A STKMERGER ST PAUL
COMPINIES 2783300 4/2/04
Acquisitions 11,900.00 -190,995.00
Dispositions -61,553.00 1,011,382.16
C902984103 #REORG/USA INTERACTIVE N/C TO INTERACTIVE CORP 2003395
EFF 6-23-03
Acquisitions 2,000.00 -75,860.32
Free Delivery -2,000.00
C985509108 #REORG/YELLOW CORP NAME CHANGE TO YELLOWROADWAY CORP
SEC#2-005895 EFF 12/12/03
Acquisitions 2,000.00 -49,478.20
Dispositions -2,000.00 49,553.87
C002824100 ABBOTT LAB COM
Acquisitions 15,700.00 -613,575.15
Dispositions -30,100.00 1,261,890.98
Free Delivery -10,600.00
Free Receipt 10,600.00
CG1150G111 ACCENTURE LTD BERMUDA CLS A COM
Acquisitions 17,925.00 -369,778.76
Dispositions -8,625.00 169,721.26
Free Delivery -12,900.00
Free Receipt 12,900.00
C00437P107 ACCREDITED HOME LENDERS HLDG CO COM STK
Acquisitions 4,900.00 -49,963.35
Dispositions -4,900.00 94,262.55
CG0070K103 ACE LTD ORD STK USD0.0416
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
37
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 3,900.00 -133,741.53
Dispositions -32,000.00 1,044,694.16
C004934105 ACTEL CORP COM
Acquisitions 200.00 -3,842.00
Dispositions -1,300.00 26,676.95
C007094105 ADMINISTAFF INC COM
Acquisitions 4,500.00 -46,113.31
Dispositions -1,250.00 16,523.19
C00724X102 ADOLOR CORP COM
Acquisitions 1,000.00 -12,011.30
Dispositions -220.00 3,448.02
C046353108 ADR ASTRAZENECA PLC SPONSORED ADR UK
Acquisitions 11,200.00 -413,130.65
Dispositions -3,500.00 167,783.13
C055622104 ADR BP P L C SPONSORED ADR
Acquisitions 7,500.00 -308,743.19
Dispositions -12,600.00 530,107.08
Free Delivery -4,500.00
Free Receipt 4,500.00
C12328X107 ADR BUSINESS OBJECTS S A SPONSORED ADR
Acquisitions 600.00 -9,260.28
Dispositions -3,300.00 70,082.44
C338488109 ADR FLAMEL TECHNOLOGIES SA SPONSORED ADR
Acquisitions 5,230.00 -106,665.29
Dispositions -2,330.00 80,284.69
C458573102 ADR INTERCONTINENTAL HOTELS GROUP PLC SPONSORED ADR
Dispositions -0.75 1.92
Free Receipt 74,152.75
C576879209 ADR MATSUSHITA ELEC INDL LTD ADR
Acquisitions 21,300.00 -175,463.22
Dispositions -6,300.00 80,881.90
C652487802 ADR NEWS CORP LTD SPONSORED ADR REPSTG PFD LTD
Acquisitions 3,300.00 -94,275.73
Dispositions -14,996.00 412,704.63
Free Delivery -1,197.30
Free Receipt 2,394.26
C654902204 ADR NOKIA CORP SPONSORED ADR
Acquisitions 85,450.00 -1,401,701.88
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
38
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -204,875.00 3,256,322.13
Free Delivery -40,400.00
Free Receipt 40,400.00
CN07059111 ADR NV EUR0.02(NY REG)
Acquisitions 9,000.00 -174,835.71
Dispositions -15,500.00 268,019.13
C767204100 ADR RIO TINTO PLC
Acquisitions 5,800.00 -454,758.07
Dispositions -8,200.00 809,939.64
C803054204 ADR SAP AKTIENGESELLSCHAFT SPONSORED ADR
Acquisitions 43,000.00 -1,319,845.06
Dispositions -20,200.00 723,461.39
C861012102 ADR STMICROELECTRONICS N V SHS-N Y REGISTRY
Acquisitions 10,000.00 -215,590.43
Dispositions -20,900.00 556,311.09
C881624209 ADR TEVA PHARMACEUTICAL INDS LTD ADR ISIN #US8816242098
Acquisitions 32,325.00 -1,660,100.17
Dispositions -15,025.00 865,625.96
Free Delivery -8,300.00
Free Receipt 8,300.00
C89151E109 ADR TOTAL SA
Acquisitions 1,500.00 -112,278.13
Dispositions -1,400.00 103,348.61
C904784709 ADR UNILEVER N V NY SHS NEW
Acquisitions 18,500.00 -1,063,335.89
Dispositions -1,000.00 63,441.02
C92857W100 ADR VODAFONE GROUP PLC NEW SPONSORED ADR
Acquisitions 83,500.00 -1,652,480.03
Dispositions -48,325.00 991,897.43
C007973100 ADVANCED ENERGY INDS INC COM
Acquisitions 3,300.00 -69,824.03
Dispositions -900.00 22,421.94
C00817Y108 AETNA INC
Acquisitions 7,100.00 -424,707.39
Dispositions -7,700.00 460,763.12
Free Delivery -6,400.00
Free Receipt 6,400.00
C008190100 AFFILIATED COMPUTER SVCS INC CL A COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
39
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 700.00 -31,672.62
Dispositions -1,250.00 63,308.96
C001084102 AGCO CORP COM
Acquisitions 1,700.00 -32,018.24
Dispositions -4,750.00 86,076.12
C00845V100 AGERE SYS INC CL A
Acquisitions 7,300.00 -25,815.06
Dispositions -1,800.00 5,470.73
C008492100 AGREE RLTY CORP COM
Acquisitions 1,700.00 -41,735.25
Dispositions -260.00 6,822.08
C009158106 AIR PROD & CHEM INC COM
Acquisitions 12,300.00 -540,859.33
Dispositions -3,300.00 139,680.87
Free Delivery -4,600.00
Free Receipt 4,600.00
C013817101 ALCOA INC COM STK
Acquisitions 2,300.00 -45,284.70
Dispositions -20,500.00 542,474.59
Free Delivery -11,500.00
Free Receipt 11,500.00
CH01301102 ALCON INC
Acquisitions 18,200.00 -965,124.82
Dispositions -2,600.00 143,994.25
Free Delivery -2,600.00
Free Receipt 2,600.00
C018490102 ALLERGAN INC COM
Acquisitions 7,100.00 -475,773.53
Dispositions -2,200.00 174,738.13
C01859P609 ALLIANCE GAMING CORP COM NEW NEW
Acquisitions 2,590.00 -39,660.90
Dispositions -4,100.00 90,088.86
C018804104 ALLIANT TECHSYSTEMS INC COM
Acquisitions 300.00 -15,978.80
Dispositions -2,120.00 107,458.09
C020002101 ALLSTATE CORP COM
Acquisitions 22,800.00 -802,773.23
Dispositions -28,300.00 1,133,005.76
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
40
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -4,800.00
Free Receipt 4,800.00
C020039103 ALLTEL CORP COM
Acquisitions 8,700.00 -441,503.40
Free Delivery -3,900.00
Free Receipt 3,900.00
C02144G107 ALTEON INC COM
Acquisitions 4,100.00 -21,914.69
Dispositions -4,100.00 22,672.21
C021441100 ALTERA CORP COM
Acquisitions 6,600.00 -96,424.96
Dispositions -13,000.00 271,804.49
CG02602103 AMDOCS ORD GBP0.01
Acquisitions 3,600.00 -48,466.14
Dispositions -2,200.00 48,279.58
C025816109 AMER EXPRESS CO COM
Acquisitions 32,400.00 -1,464,604.77
Dispositions -5,000.00 213,535.55
C03073E105 AMERISOURCEBERGEN CORP COM
Acquisitions 325.00 -18,489.64
Dispositions -8,125.00 461,868.13
Free Delivery -3,200.00
Free Receipt 3,200.00
C026874107 AMERN INTL GROUP INC COM
Acquisitions 12,200.00 -719,488.98
Dispositions -34,800.00 2,016,227.11
C02886P109 AMERN PHARMACEUTICALS PARTNERS INC COM
Acquisitions 1,750.00 -32,034.63
Dispositions -1,750.00 38,711.64
C029712106 AMERN STD COS INC DEL COM
Acquisitions 400.00 -30,390.60
Dispositions -900.00 66,354.39
C031162100 AMGEN INC COM
Acquisitions 30,900.00 -1,901,172.86
Dispositions -23,100.00 1,393,403.00
Free Delivery -7,600.00
Free Receipt 7,600.00
C031538101 AMIS HLDGS INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
41
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 2,000.00 -40,010.00
Dispositions -2,000.00 36,048.70
C03232P405 AMSURG CORP COM
Acquisitions 1,000.00 -22,696.90
Dispositions -630.00 22,458.90
C032511107 ANADARKO PETRO CORP COM
Acquisitions 500.00 -23,121.18
Dispositions -2,300.00 102,609.06
C032654105 ANALOG DEVICES INC COM
Acquisitions 9,100.00 -321,185.60
Dispositions -2,900.00 133,572.80
C034918102 ANGIOTECH PHARMACEUTICALS INC COM
Acquisitions 2,200.00 -98,453.72
Dispositions -130.00 5,517.07
C035229103 ANHEUSER BUSCH COS INC COM
Acquisitions 32,900.00 -1,658,896.28
Dispositions -25,400.00 1,298,048.11
Free Delivery -6,800.00
Free Receipt 6,800.00
C03674B104 ANTHEM INC COM
Acquisitions 300.00 -22,548.64
Dispositions -1,000.00 73,768.48
C00184AAG0 AOL TIME WARNER INC DEB DTD 04/08/2002 7.7
DUE 05-01-2032 BEO
Acquisitions 194,000.00 -214,236.82
Dispositions -50,000.00 51,623.00
C037411105 APACHE CORP COM
Acquisitions 1,000.00 -64,952.32
Dispositions -7,740.00 450,534.61
C038197109 APPLIED FILMS CORP COM
Acquisitions 4,800.00 -100,744.02
Dispositions -2,740.00 78,960.55
C038222105 APPLIED MATERIALS INC COM
Acquisitions 51,700.00 -865,791.54
Dispositions -28,700.00 528,685.57
C03839G105 AQUANTIVE INC COM
Acquisitions 8,150.00 -75,315.27
Dispositions -2,650.00 29,017.02
C038521100 ARAMARK CORP CL B
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
42
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 300.00 -6,578.94
Dispositions -1,900.00 48,827.24
C040157109 ARGONAUT GROUP INC COM STK USD0.10
Acquisitions 1,900.00 -30,507.60
Dispositions -1,900.00 27,508.21
C04289L107 ART TECH GROUP INC OC-COM ISIN US04289L107
Acquisitions 6,300.00 -15,155.28
Dispositions -6,300.00 10,892.18
C042923102 ARTISAN COMPONENTS INC COM
Acquisitions 2,000.00 -39,058.15
Dispositions -2,000.00 43,092.46
CG05384105 ASPEN INS HOLDINGS LTD
Acquisitions 300.00 -6,750.00
Dispositions -100.00 2,345.95
C045327103 ASPEN TECH INC COM
Acquisitions 5,100.00 -14,596.58
Dispositions -8,500.00 31,731.99
C046220109 ASTA FDG INC COM
Acquisitions 900.00 -21,198.60
Dispositions -900.00 24,934.88
C04648X107 ASYST TECHNOLOGIES INC COM
Acquisitions 8,300.00 -55,472.14
Dispositions -5,800.00 49,797.56
C047439104 ATHEROGENICS INC COM
Acquisitions 500.00 -3,308.36
Dispositions -2,640.00 28,471.00
C05106U105 AUG TECH CORP COM STK ISIN#US05106U1051
Acquisitions 2,800.00 -26,886.57
Dispositions -900.00 16,581.53
C053015103 AUTO DATA PROCESSING INC COM
Acquisitions 12,575.00 -448,945.37
Dispositions -23,375.00 858,331.06
Free Delivery -9,900.00
Free Receipt 9,900.00
C053332102 AUTOZONE INC COM
Acquisitions 1,900.00 -140,207.94
Dispositions -5,100.00 463,453.43
Free Delivery -4,900.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
43
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 4,900.00
C053893103 AVOCENT CORP COM
Acquisitions 1,500.00 -46,531.00
Dispositions -430.00 15,841.45
C054303102 AVON PROD INC COM
Acquisitions 16,300.00 -980,222.14
Dispositions -3,100.00 164,204.43
C054923107 AXCAN PHARMA INC COM STK
Acquisitions 770.00 -8,700.46
Dispositions -6,000.00 86,446.26
C054540109 AXCELIS TECHNOLOGIES INC COM STK ISIN# US0545401095
Acquisitions 13,065.00 -61,971.30
Dispositions -6,565.00 62,952.72
CG0692U109 AXIS CAP HLDGS LTD
Acquisitions 400.00 -8,800.00
Dispositions -400.00 10,186.20
C057224107 BAKER HUGHES INC COM
Acquisitions 25,600.00 -777,141.34
Dispositions -1,700.00 51,758.50
C064057102 BANK N.Y. CO INC COM
Acquisitions 25,000.00 -627,260.31
Dispositions -49,800.00 1,481,423.44
Free Delivery -21,700.00
Free Receipt 21,700.00
C06423A103 BANK ONE CORP COM
Acquisitions 1,300.00 -45,483.09
Dispositions -13,600.00 508,986.75
C06652B103 BANKUNITED FINL CORP CL A
Acquisitions 2,200.00 -34,090.09
Dispositions -2,200.00 44,413.75
C068306109 BARR PHARMACEUTICALS INC COM
Acquisitions 500.00 -33,522.25
Dispositions -500.00 39,224.03
C071813109 BAXTER INTL INC COM
Acquisitions 32,900.00 -786,059.53
Dispositions -22,400.00 600,713.53
Free Delivery -6,800.00
Free Receipt 6,800.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
44
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C05534B109 BCE INC COM STK
Acquisitions 25,300.00 -482,169.45
Free Delivery -18,100.00
Free Receipt 18,100.00
C073325102 BEA SYS INC COM
Acquisitions 21,400.00 -253,997.49
Dispositions -23,800.00 293,691.60
Free Delivery -16,600.00
Free Receipt 16,600.00
C074014101 BEASLEY BROADCAST GROUP INC CL A
Acquisitions 3,790.00 -48,441.40
Dispositions -740.00 10,095.65
C075896100 BED BATH BEYOND INC COM
Acquisitions 23,600.00 -937,111.93
Dispositions -14,000.00 530,709.51
Free Delivery -3,100.00
Free Receipt 3,100.00
C079860102 BELLSOUTH CORP COM STK
Acquisitions 7,800.00 -220,740.00
Dispositions -16,700.00 423,985.53
Free Delivery -7,800.00
Free Receipt 7,800.00
C086516101 BEST BUY INC COM STK
Acquisitions 6,000.00 -310,701.18
Dispositions -6,000.00 324,371.11
C09062X103 BIOGEN IDEC INC COM STK
Dispositions -700.00 25,776.26
Free Receipt 1,500.00
C090613100 BIOMET INC COM
Acquisitions 2,500.00 -71,955.58
Dispositions -2,500.00 79,881.61
C09067J109 BIOVAIL CORP COM
Acquisitions 2,700.00 -98,839.40
Dispositions -2,700.00 98,319.24
C055472104 BISYS GROUP INC COM
Acquisitions 4,400.00 -81,781.01
Dispositions -7,200.00 101,293.95
Free Delivery -3,600.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
45
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 3,600.00
C055482103 BJ SVCS CO COM
Acquisitions 16,575.00 -566,676.46
Dispositions -11,400.00 394,196.34
Free Delivery -13,000.00
Free Receipt 13,000.00
C05548J106 BJS WHSL CLUB INC COM STK
Acquisitions 2,500.00 -46,680.85
Dispositions -1,850.00 45,005.53
C060505104 BK AMER CORP COM
Acquisitions 9,800.00 -727,129.63
Dispositions -6,600.00 513,926.35
Free Delivery -6,674.00
Free Receipt 6,674.00
C062540109 BK HAW CORP COM
Acquisitions 900.00 -31,338.17
Dispositions -400.00 15,517.73
C06423KAA9 BK 1 CAP III 8.75 BDS 01/09/30 USD 8.75 DUE
09-01-2030/08-31-2030 BEO
Acquisitions 125,000.00 -168,136.75
Dispositions -135,000.00 174,792.60
C097023105 BOEING CO COM
Acquisitions 23,100.00 -743,308.51
Dispositions -26,300.00 906,283.26
C109178103 BRIGHAM EXPL CO COM
Acquisitions 9,400.00 -58,461.23
Dispositions -4,700.00 35,926.57
C110122108 BRISTOL MYERS SQUIBB CO COM
Acquisitions 30,600.00 -758,243.63
Dispositions -15,900.00 411,692.87
Free Delivery -19,700.00
Free Receipt 19,700.00
C111320107 BROADCOM CORP CL A
Acquisitions 16,500.00 -459,409.15
Dispositions -6,100.00 156,257.18
C101137107 BSTN SCIENTIFIC CORP COM
Acquisitions 52,775.00 -2,625,324.44
Dispositions -53,375.00 2,634,570.07
C119848109 BUFFALO WILD WINGS INC COM STK
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
46
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 600.00 -10,200.00
Dispositions -600.00 14,182.36
C12189T104 BURL NORTHN SANTA FE CORP COM
Acquisitions 15,200.00 -404,593.60
Dispositions -32,600.00 865,766.68
Free Delivery -15,200.00
Free Receipt 15,200.00
C12512N105 C D W CORP COM
Acquisitions 1,100.00 -60,029.45
Dispositions -300.00 17,863.14
C130439102 CA MICRO DEVICES CORP
Acquisitions 7,000.00 -26,348.93
Dispositions -4,000.00 31,531.19
C14040H105 CAP 1 FNCL COM
Acquisitions 7,200.00 -207,516.24
Dispositions -4,600.00 142,614.79
C14055X102 CAPITALSOURCE INC COM
Acquisitions 600.00 -8,700.00
Dispositions -600.00 10,279.15
C14149Y108 CARDINAL HLTH INC
Acquisitions 23,125.00 -1,358,345.34
Dispositions -22,115.00 1,251,456.74
Free Delivery -5,600.00
Free Receipt 5,600.00
C141705103 CAREMARK RX INC COM
Acquisitions 11,300.00 -259,886.64
Dispositions -36,900.00 628,032.66
C143130102 CARMAX INC COM
Acquisitions 11,500.00 -350,829.72
Dispositions -2,700.00 87,753.34
C146229109 CARTER INC FORMERLY CARTER HLDGS INC TO COM COM
Acquisitions 25.00 -475.00
Dispositions -25.00 622.66
C149123101 CATERPILLAR INC COM
Acquisitions 9,900.00 -506,317.46
Dispositions -24,700.00 1,550,987.99
Free Delivery -4,300.00
Free Receipt 4,300.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
47
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C159852102 CHARLES RIV ASSOCS INC COM
Acquisitions 2,800.00 -89,383.40
Dispositions -640.00 20,142.33
C160903100 CHARTER 1 FINCL INC COM
Acquisitions 26,500.00 -818,849.86
Dispositions -7,850.00 244,192.84
Free Delivery -9,100.00
Free Receipt 9,100.00
C163072101 CHEESECAKE FACTORY INC COM
Acquisitions 2,170.00 -81,985.59
Dispositions -2,060.00 73,316.30
C166764100 CHEVRONTEXACO CORP COM
Acquisitions 4,500.00 -289,373.42
Dispositions -11,800.00 848,449.70
Free Delivery -5,900.00
Free Receipt 5,900.00
C167760107 CHGO MERCANTILE EXCHANGE HLDGS INC CL A
Acquisitions 600.00 -40,626.33
Dispositions -50.00 3,418.84
C168615102 CHICOS FAS INC COM
Acquisitions 4,100.00 -93,621.84
Dispositions -4,100.00 128,783.16
Free Delivery -4,100.00
Free Receipt 4,100.00
C170388102 CHOICEPOINT INC COM
Acquisitions 2,000.00 -68,875.41
Dispositions -2,000.00 72,738.80
C170404107 CHORDIANT SOFTWARE INC COM STK ISIN#US1704041078
Acquisitions 5,900.00 -26,077.64
Dispositions -900.00 3,662.82
C171232101 CHUBB CORP COM
Acquisitions 21,600.00 -1,260,235.48
Dispositions -11,400.00 684,786.22
Free Delivery -8,300.00
Free Receipt 8,300.00
C171796105 CIMA LABS INC COM
Acquisitions 1,500.00 -42,942.00
Dispositions -1,730.00 54,189.57
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
48
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C172908105 CINTAS CORP COM
Acquisitions 1,600.00 -65,223.93
Dispositions -700.00 32,486.46
C17275R102 CISCO SYS INC COM
Acquisitions 100,200.00 -1,772,511.82
Dispositions -66,800.00 1,074,498.69
Free Delivery -35,600.00
Free Receipt 35,600.00
C17288Q109 CITADEL SEC SOFTWARE INC COM
Acquisitions 7,100.00 -25,178.75
Dispositions -7,100.00 18,909.89
C172967101 CITIGROUP INC COM
Acquisitions 55,600.00 -2,284,478.75
Dispositions -68,000.00 2,714,026.80
Free Delivery -12,800.00
Free Receipt 12,800.00
C177376100 CITRIX SYS INC COM
Acquisitions 6,100.00 -134,850.69
Dispositions -4,400.00 101,604.42
Free Delivery -3,400.00
Free Receipt 3,400.00
C184502102 CLEAR CHANNEL COMMUNICATIONS INC COM
Acquisitions 29,000.00 -1,110,593.80
Dispositions -3,500.00 144,800.07
C189054109 CLOROX CO COM
Acquisitions 27,600.00 -1,222,098.40
Dispositions -3,800.00 174,133.81
C191216100 COCA COLA CO COM
Acquisitions 27,000.00 -1,157,390.73
Dispositions -21,000.00 905,263.14
C191219104 COCA COLA ENTERPRISES INC COM
Acquisitions 700.00 -14,255.48
Dispositions -9,100.00 171,382.53
C192446102 COGNIZANT TECH SOLUTIONS CORP CL A
Acquisitions 700.00 -44,659.20
Dispositions -2,100.00 41,127.41
C19244C109 COGNOS INC COM
Acquisitions 6,700.00 -179,201.97
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
49
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -11,100.00 330,601.36
Free Delivery -8,000.00
Free Receipt 8,000.00
C19259P300 COINSTAR INC COM
Acquisitions 2,100.00 -37,366.94
Dispositions -2,100.00 30,260.93
C194162103 COLGATE-PALMOLIVE CO COM
Acquisitions 15,200.00 -867,755.31
Dispositions -26,225.00 1,395,828.26
C197236102 COLUMBIA BKG SYS INC COM
Acquisitions 375.00 -6,881.25
Dispositions -1,180.00 22,518.76
C501049100 COM KROLL INC DEL
Acquisitions 1,000.00 -24,012.25
Dispositions -4,500.00 90,685.80
C20030N200 COMCAST CORP NEW CL A SPL
Acquisitions 24,100.00 -667,071.47
Dispositions -38,700.00 1,153,215.05
Free Delivery -26,400.00
Free Receipt 26,400.00
C200340107 COMERICA INC COM
Acquisitions 7,300.00 -326,761.18
Dispositions -3,600.00 169,080.47
Free Delivery -6,000.00
Free Receipt 6,000.00
C20162L105 COML CAP BANCORP INC COM
Acquisitions 2,500.00 -38,537.69
Dispositions -2,550.00 46,897.89
C204912109 COMPUTER ASSOC INTL INC COM
Acquisitions 28,100.00 -410,648.21
Dispositions -28,100.00 713,872.58
Free Delivery -2,600.00
Free Receipt 2,600.00
C204925101 COMPUTER NETWORK TECH CORP COM
Acquisitions 700.00 -4,492.39
Dispositions -4,000.00 28,216.14
C205363104 COMPUTER SCI CORP COM
Acquisitions 6,100.00 -190,754.81
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
50
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -1,700.00 66,829.87
C205768203 COMSTOCK RES INC COM NEW
Acquisitions 2,615.00 -36,115.84
Dispositions -4,035.00 55,095.02
C206016107 CONCEPTUS INC COM
Acquisitions 1,500.00 -16,214.01
Dispositions -2,300.00 29,848.42
C206156101 CONCORD CAMERA CORP COM
Acquisitions 9,400.00 -58,790.08
Dispositions -5,050.00 51,546.13
C216648402 COOPER COS INC COM NEW
Acquisitions 800.00 -27,850.55
Dispositions -1,340.00 44,746.66
C221485105 COST PLUS INC CAL COM
Acquisitions 200.00 -5,306.38
Dispositions -1,180.00 49,123.41
C22160K105 COSTCO WHSL CORP NEW COM
Acquisitions 9,100.00 -324,983.61
Dispositions -9,900.00 292,628.84
C222816100 COVANCE INC COM
Acquisitions 3,400.00 -81,414.83
Dispositions -1,000.00 24,966.82
C22284P105 COVENANT TRANS INC NEV CL A
Acquisitions 2,340.00 -40,236.59
Dispositions -470.00 8,311.99
C224051102 COX RADIO INC CL A
Acquisitions 1,300.00 -28,488.42
Dispositions -2,600.00 60,383.84
C225223106 CRAY INC COM
Acquisitions 8,915.00 -73,908.26
Dispositions -3,415.00 38,239.28
C22757R109 CROSS TIMBERS RTY TR TR UNIT
Dispositions -25.90 512.13
Free Receipt 25.90
C22943D105 CTI MOLECULAR IMAGING INC COM
Acquisitions 3,000.00 -58,715.04
Dispositions -3,000.00 51,773.21
C230215105 CULP INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
51
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 3,800.00 -28,979.71
Dispositions -550.00 5,538.24
C231082108 CUMULUS MEDIA INC CL A DEL
Acquisitions 1,000.00 -14,799.50
Dispositions -1,750.00 32,696.10
C126667104 CV THERAPEUTICS INC COM
Acquisitions 1,750.00 -39,589.05
Dispositions -1,750.00 41,402.74
C232572107 CYMER INC COM
Acquisitions 2,000.00 -54,339.54
Dispositions -3,000.00 97,932.21
C232806109 CYPRESS SEMICONDUCTOR CORP COM
Acquisitions 7,100.00 -68,178.83
Dispositions -4,600.00 91,173.67
C232861104 D & K HEALTHCARE RES INC COM
Acquisitions 2,300.00 -23,153.18
Dispositions -2,300.00 25,037.41
C235851102 DANAHER CORP COM
Acquisitions 1,725.00 -120,288.18
Dispositions -11,175.00 826,596.92
Free Delivery -11,000.00
Free Receipt 11,000.00
C237194105 DARDEN RESTAURANTS INC COM
Acquisitions 16,300.00 -337,259.78
Dispositions -27,500.00 525,843.56
Free Delivery -9,800.00
Free Receipt 9,800.00
C242370104 DEAN FOODS CO NEW COM
Acquisitions 900.00 -28,574.24
Dispositions -2,400.00 79,244.41
C244199105 DEERE & CO COM
Acquisitions 12,300.00 -582,953.36
Dispositions -12,300.00 658,013.13
Free Delivery -2,300.00
Free Receipt 2,300.00
C25389G102 DIGITAL THEATER SYS INC OC-COM COM STK
Acquisitions 3,000.00 -66,057.28
Dispositions -780.00 19,959.56
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
52
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C25456W204 DIRECT GEN CORP COM STK
Acquisitions 4,200.00 -92,936.04
Dispositions -990.00 30,052.88
C256747106 DOLLAR TREE STORES INC COM
Acquisitions 700.00 -20,373.20
Dispositions -2,300.00 45,478.22
C25746U109 DOMINION RES INC VA NEW COM
Acquisitions 3,600.00 -203,580.00
Free Delivery -3,600.00
Free Receipt 3,600.00
C25848T109 DOT HILL SYS CORP COM
Acquisitions 9,645.00 -107,334.01
Dispositions -2,895.00 44,792.93
C260543103 DOW CHEM CO COM
Acquisitions 1,200.00 -32,688.00
Dispositions -29,700.00 905,003.00
Free Delivery -15,454.00
Free Receipt 15,454.00
C262037104 DRIL-QUIP INC COM
Acquisitions 1,200.00 -18,406.20
Dispositions -1,200.00 19,902.27
C233326107 DST SYS INC COM
Acquisitions 1,700.00 -62,755.37
Dispositions -600.00 22,656.93
C263534109 DU PONT E I DE NEMOURS & CO COM STK
Acquisitions 18,600.00 -717,148.63
Dispositions -2,600.00 109,633.48
C278058102 EATON CORP COM
Acquisitions 2,500.00 -197,225.00
Dispositions -600.00 47,815.43
Free Delivery -2,500.00
Free Receipt 2,500.00
C278642103 EBAY INC COM
Acquisitions 34,775.00 -2,482,558.47
Dispositions -5,900.00 349,111.93
C278762109 ECHOSTAR COMMUNICATIONS CORP NEW CL A
Acquisitions 4,400.00 -123,004.22
Dispositions -4,400.00 142,431.87
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
53
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C281347104 EDO CORP COM
Acquisitions 700.00 -17,286.78
Dispositions -4,720.00 80,028.25
C285512109 ELECTR ARTS COM
Acquisitions 35,850.00 -2,514,986.14
Dispositions -1,550.00 111,607.90
C286045109 ELECTRONICS BOUTIQUE HLDGS CORP COM
Acquisitions 5,000.00 -96,374.98
Dispositions -5,000.00 130,122.94
C532457108 ELI LILLY & CO COM
Acquisitions 7,500.00 -502,500.99
Dispositions -2,500.00 173,560.54
C28660G106 ELIZABETH ARDEN INC COM
Acquisitions 700.00 -7,840.00
Dispositions -2,700.00 29,672.17
C268648102 EMC CORP COM
Acquisitions 138,800.00 -1,777,845.62
Dispositions -11,100.00 146,820.84
C29084Q100 EMCOR GROUP INC COM
Acquisitions 1,150.00 -56,826.61
Dispositions -2,050.00 89,476.93
C291011104 EMERSON ELEC CO COM
Acquisitions 6,700.00 -346,774.52
Dispositions -2,500.00 127,808.26
Free Delivery -4,100.00
Free Receipt 4,100.00
C292475209 EMULEX CORP COM NEW
Acquisitions 1,000.00 -23,456.04
Dispositions -1,900.00 49,229.33
C293637104 ENTERASYS NETWORKS INC COM
Acquisitions 13,000.00 -42,121.95
Dispositions -13,000.00 52,232.52
C293639100 ENTERCOM COMMUNICATIONS CORP CL A
Acquisitions 400.00 -18,764.19
Dispositions -2,500.00 123,001.70
C26875P101 EOG RESOURCES INC COM
Acquisitions 300.00 -11,530.22
Dispositions -2,000.00 82,434.78
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
54
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C294703103 EQTY INNS INC COM
Acquisitions 2,830.00 -22,732.42
Dispositions -1,110.00 9,203.25
C294724109 EQTY MARKETING INC COM
Acquisitions 200.00 -2,895.83
Dispositions -200.00 2,927.86
C299900308 EVERGREEN RES INC COM NO PAR
Acquisitions 750.00 -32,885.77
Dispositions -1,170.00 34,730.05
C30161N101 EXELON CORP COM
Dispositions -6,300.00 334,594.88
Free Delivery -4,000.00
Free Receipt 4,000.00
C302130109 EXPEDITORS INTL WASH INC COM
Acquisitions 1,800.00 -62,058.05
Dispositions -800.00 30,090.98
C30226D106 EXTREME NETWORKS INC COM
Acquisitions 6,600.00 -61,256.00
Dispositions -1,100.00 10,053.52
C30231G102 EXXON MOBIL CORP COM
Acquisitions 15,700.00 -552,308.73
Free Delivery -31,400.00
Free Receipt 15,700.00
C30231G102 EXXON MOBIL CORP COM
Acquisitions 19,400.00 -704,201.31
Dispositions -11,300.00 386,930.84
Free Receipt 15,700.00
C302571104 F P L GROUP INC COM
Acquisitions 7,600.00 -467,622.21
Dispositions -2,400.00 160,552.21
Free Delivery -3,300.00
Free Receipt 3,300.00
C303726103 FAIRCHILD SEMICONDUCTOR INTL INC COM
Acquisitions 3,635.00 -64,384.99
Dispositions -4,635.00 103,281.58
C307000109 FAMILY DLR STORES INC COM
Acquisitions 6,300.00 -262,436.58
Dispositions -6,300.00 219,132.61
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
55
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C311900104 FASTENAL CO COM
Acquisitions 2,000.00 -71,098.14
Dispositions -1,400.00 62,797.05
C31428X106 FEDEX CORP COM
Acquisitions 10,400.00 -766,041.77
Dispositions -21,200.00 1,420,990.89
C31410H101 FEDT DEPT STORES INC DEL COM
Acquisitions 14,100.00 -396,389.62
Dispositions -14,100.00 632,654.76
C319963104 FIRST DATA CORP COM
Acquisitions 44,900.00 -1,736,912.76
Dispositions -58,600.00 2,211,587.86
Free Delivery -18,500.00
Free Receipt 18,500.00
C337932107 FIRSTENERGY CORP COM
Acquisitions 14,700.00 -470,314.02
Dispositions -5,800.00 199,717.01
Free Delivery -6,700.00
Free Receipt 6,700.00
C337738108 FISERV INC COM
Acquisitions 400.00 -13,347.48
Dispositions -2,200.00 81,058.18
C313586109 FNMA COM STK
Acquisitions 17,500.00 -1,218,596.14
Dispositions -37,825.00 2,576,127.32
Free Delivery -16,400.00
Free Receipt 16,400.00
C345838106 FOREST LAB INC COM
Acquisitions 25,200.00 -1,279,285.08
Dispositions -30,300.00 1,518,000.26
Free Delivery -15,400.00
Free Receipt 15,400.00
C346375108 FORMFACTOR INC COM STK
Acquisitions 1,481.00 -20,734.00
Dispositions -1,481.00 26,821.15
C346563109 FORRESTER RESH INC COM
Acquisitions 1,700.00 -28,708.41
Dispositions -1,700.00 23,714.56
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
56
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C349882100 FOSSIL INC COM
Acquisitions 3,000.00 -56,090.72
Dispositions -3,000.00 79,780.27
C358438109 FRIEDMANS INC CLASS'A'COM STK USD0.01
Acquisitions 5,800.00 -84,233.05
Dispositions -5,800.00 60,799.37
C354613101 FRKLN RES INC COM
Acquisitions 4,500.00 -207,136.00
Dispositions -1,800.00 73,198.08
C361268105 G & K SVCS INC CL A
Acquisitions 1,500.00 -47,618.68
Dispositions -440.00 14,951.28
C36466R101 GAMESTOP CORP CL A
Acquisitions 3,000.00 -43,635.00
Dispositions -880.00 15,049.29
C366651107 GARTNER GROUP INC NEW CL A COM
Acquisitions 5,000.00 -48,866.50
Dispositions -1,450.00 18,069.64
C369385109 GEN COMMUNICATION INC CL A
Acquisitions 7,350.00 -72,453.16
Dispositions -1,850.00 16,534.77
C369604103 GEN ELEC CO COM
Acquisitions 158,600.00 -4,604,396.79
Dispositions -61,400.00 1,706,420.38
Free Delivery -41,000.00
Free Receipt 41,000.00
C369604AY9 GEN ELEC CO NT 5 DUE 02-01-2013 BEO
Acquisitions 225,000.00 -224,158.50
Dispositions -225,000.00 227,945.25
CY2692M103 GEN MARITIME CORP COM
Acquisitions 2,200.00 -19,340.14
Dispositions -2,200.00 23,100.89
C370334104 GEN MILLS INC COM
Acquisitions 13,100.00 -607,767.40
Dispositions -2,400.00 106,506.87
Free Delivery -8,100.00
Free Receipt 8,100.00
C36866T103 GEN-PROBE INC NEW COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
57
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 2,000.00 -48,006.58
Dispositions -1,170.00 34,599.45
C368710406 GENENTECH INC COM STK
Acquisitions 9,800.00 -665,729.18
Dispositions -6,700.00 465,430.70
C370442105 GENERAL MOTORS CORP COMMON STOCK
Acquisitions 12,400.00 -488,436.00
Dispositions -6,500.00 210,000.21
Free Delivery -12,400.00
Free Receipt 12,400.00
C371532102 GENESCO INC COM
Acquisitions 1,700.00 -22,746.72
Dispositions -1,700.00 25,567.30
C372461103 GENUS INC COM STK
Acquisitions 3,500.00 -19,608.19
Dispositions -500.00 3,297.24
C372917104 GENZYME CORP COM
Acquisitions 1,200.00 -48,920.48
Dispositions -2,400.00 92,723.92
Free Delivery -1,100.00
Free Receipt 1,100.00
C999500FC0 GIC AEGON GLOBAL WRAP CNTRCT CDA00004TR
RATE: 5.95% (BLEND**INC
Acquisitions 30,903,593.24 -30,903,593.24
Dispositions -32,000,000.00 32,000,000.00
C375558103 GILEAD SCI INC COM
Acquisitions 32,850.00 -1,787,658.39
Dispositions -6,250.00 350,227.77
C375766102 GILLETTE CO COM
Acquisitions 18,600.00 -575,728.38
Dispositions -23,900.00 747,358.35
Free Delivery -17,200.00
Free Receipt 17,200.00
C377316104 GLATFELTER
Acquisitions 800.00 -10,912.03
Dispositions -3,670.00 53,753.04
C37934A100 GLOBAL IMAGING SYS INC COM
Acquisitions 3,500.00 -65,331.97
Dispositions -2,230.00 56,698.08
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
58
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C381317106 GOLDEN W. FNCL CORP COM
Acquisitions 400.00 -34,817.70
Dispositions -6,800.00 572,830.95
C38141G104 GOLDMAN SACHS GROUP INC COM
Acquisitions 28,000.00 -2,363,315.73
Dispositions -10,000.00 876,965.59
Free Delivery -8,000.00
Free Receipt 8,000.00
C382388106 GOODRICH CORPORATION
Acquisitions 1,700.00 -47,018.02
Dispositions -200.00 5,294.75
C397888108 GREY WOLF INC COM
Acquisitions 14,300.00 -57,413.96
Dispositions -7,500.00 26,455.74
C401698105 GUIDANT CORP COM STK
Acquisitions 2,800.00 -114,755.56
Dispositions -2,800.00 123,398.78
C401829106 GUILFORD PHARMACEUTICALS INC COM
Acquisitions 4,500.00 -23,125.50
Dispositions -4,500.00 31,075.79
C402040109 GUITAR CTR INC COM
Acquisitions 4,000.00 -79,277.62
Dispositions -2,210.00 65,892.68
C403777105 GYMBOREE CORP COM
Acquisitions 2,745.00 -41,382.06
Dispositions -1,645.00 28,116.86
C412822108 HARLEY DAVIDSON INC COM
Acquisitions 12,500.00 -588,105.34
Dispositions -29,975.00 1,272,679.06
C416515104 HARTFORD FINL SVCS GROUP INC COM
Acquisitions 800.00 -37,198.69
Dispositions -25,100.00 1,126,326.80
C404119109 HCA INC COM
Acquisitions 52,100.00 -1,809,601.17
Dispositions -13,900.00 557,210.64
Free Delivery -6,500.00
Free Receipt 6,500.00
C422819102 HEIDRICK & STRUGGLES INTL INC COM ISIN #954228191023
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
59
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,400.00 -18,200.00
Dispositions -1,400.00 28,236.39
C423074103 HEINZ H J CO COM
Acquisitions 11,600.00 -391,732.00
Dispositions -24,800.00 755,907.12
Free Delivery -11,600.00
Free Receipt 11,600.00
C427866108 HERSHEY FOODS CORP COM
Acquisitions 500.00 -32,523.95
Dispositions -1,000.00 73,478.78
C428236103 HEWLETT PACKARD CO COM
Acquisitions 35,000.00 -684,254.14
Dispositions -72,325.00 1,431,348.93
C432848109 HILTON HOTELS CORP COM
Acquisitions 1,600.00 -22,321.60
Dispositions -4,200.00 62,981.96
C437076102 HOME DEPOT INC COM
Acquisitions 36,500.00 -1,226,748.32
Dispositions -72,200.00 1,745,986.54
Free Delivery -3,400.00
Free Receipt 3,400.00
C438516106 HONEYWELL INTL INC COM STK
Acquisitions 24,500.00 -632,753.61
Dispositions -3,300.00 93,058.61
Free Delivery -9,900.00
Free Receipt 9,900.00
C44914M104 HYPERION SOLUTIONS CORP COM
Acquisitions 1,750.00 -60,068.95
Dispositions -1,750.00 59,231.43
C449295104 ICOS CORP COM
Acquisitions 500.00 -10,341.82
Dispositions -2,750.00 99,600.10
C44936D108 ID BIOMEDICAL CORP COM
Acquisitions 300.00 -3,171.36
Dispositions -300.00 3,615.46
C452308109 ILL TOOL WKS INC COM
Dispositions -7,800.00 518,877.64
Free Delivery -6,400.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
60
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 6,400.00
C45245E109 IMAX CORP COM
Acquisitions 3,100.00 -28,286.57
Dispositions -450.00 3,590.33
C45255A104 IMPAC MED SYS INC COM
Acquisitions 1,400.00 -27,034.00
Dispositions -1,800.00 40,900.31
C453235103 INAMED CORP COM
Acquisitions 850.00 -60,383.66
Dispositions -240.00 19,568.87
C999665037 INCOME FROM SECURITIES LENDING ACTIVITIES
Free Delivery -2.00
Free Receipt 1.00
C457733103 INSPIRE PHARMACEUTICALS INC COM
Acquisitions 300.00 -2,718.24
Dispositions -1,600.00 21,581.22
C45890M109 INTEGRATED ALARM SVCS GROUP INC COM
Acquisitions 4,200.00 -38,664.32
Dispositions -1,250.00 10,139.98
C458140100 INTEL CORP COM
Acquisitions 153,600.00 -3,366,036.00
Dispositions -44,300.00 1,032,155.91
Free Delivery -55,800.00
Free Receipt 55,800.00
C45840Q101 INTERACTIVECORP COM STK
Acquisitions 19,800.00 -692,992.46
Dispositions -12,400.00 416,105.17
Free Delivery -2,700.00
Free Receipt 4,700.00
C46069S109 INTERSIL CORP
Acquisitions 10,400.00 -262,282.92
Dispositions -10,600.00 261,894.52
Free Delivery -4,200.00
Free Receipt 4,200.00
C46114Y101 INTERVIDEO INC COM
Acquisitions 700.00 -9,800.00
Dispositions -700.00 14,258.32
C459200101 INTL BUSINESS MACHS CORP COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
61
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 11,775.00 -992,417.26
Dispositions -14,875.00 1,242,568.52
Free Delivery -4,600.00
Free Receipt 4,600.00
C459506101 INTL FLAVORS & FRAGRANCES INC COM
Acquisitions 5,100.00 -183,855.00
Dispositions -10,900.00 357,667.68
Free Delivery -5,100.00
Free Receipt 5,100.00
C460146103 INTL PAPER CO COM
Acquisitions 24,500.00 -904,273.20
Dispositions -33,500.00 1,207,014.42
Free Delivery -13,100.00
Free Receipt 13,100.00
C461202103 INTUIT COM
Acquisitions 29,800.00 -1,271,953.67
Dispositions -11,300.00 482,352.44
C461915100 INVESTORS FINL SVCS CORP DEL COM
Acquisitions 400.00 -11,280.00
Dispositions -1,100.00 29,224.07
C46145F105 INVT TECH GROUP INC NEW COM
Acquisitions 4,000.00 -74,185.98
Dispositions -1,150.00 20,976.50
C46261V108 IPASS INC COM
Acquisitions 400.00 -5,600.00
Dispositions -400.00 7,222.50
C46262E105 IPAYMENT INC COM STK
Acquisitions 2,000.00 -37,896.36
Dispositions -450.00 11,047.78
C45031X204 ISTA PHARMACEUTICALS INC COM NEW
Acquisitions 2,190.00 -20,805.00
Dispositions -330.00 2,761.97
C465741106 ITRON INC
Acquisitions 5,100.00 -90,038.65
Dispositions -5,100.00 101,207.37
C46600W106 IXYS CORP DEL COM
Acquisitions 1,800.00 -10,521.23
Dispositions -1,800.00 12,838.51
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
62
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C466189107 J JILL GROUP INC COM
Acquisitions 3,265.00 -45,316.66
Dispositions -3,265.00 41,084.19
C46625H100 J P MORGAN CHASE & CO COM
Acquisitions 39,400.00 -1,034,554.79
Dispositions -39,100.00 1,126,731.07
Free Delivery -19,750.00
Free Receipt 19,750.00
C466313103 JABIL CIRCUIT INC COM
Acquisitions 8,200.00 -166,604.66
Dispositions -16,300.00 409,501.77
Free Delivery -12,800.00
Free Receipt 12,800.00
C47012E106 JAKKS PAC INC COM
Acquisitions 600.00 -7,710.00
Dispositions -1,900.00 26,795.39
C471109108 JARDEN CORP COM
Acquisitions 3,900.00 -105,356.27
Dispositions -1,240.00 43,461.11
C46612J101 JDS UNIPHASE CORP COM ISIN US46612J1016
Acquisitions 25,200.00 -81,133.92
Dispositions -25,200.00 87,535.61
C478160104 JOHNSON & JOHNSON COM
Acquisitions 25,175.00 -1,301,607.30
Dispositions -96,500.00 4,891,196.73
Free Delivery -8,200.00
Free Receipt 8,200.00
C480838101 JOS A BK CLOTHIERS INC COM
Acquisitions 900.00 -35,780.40
Dispositions -130.00 4,864.97
C48203R104 JUNIPER NETWORKS INC COM
Acquisitions 24,600.00 -301,877.22
Dispositions -15,200.00 160,793.92
C487836108 KELLOGG CO COM
Acquisitions 11,700.00 -393,079.88
Dispositions -8,800.00 305,361.95
Free Delivery -9,500.00
Free Receipt 9,500.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
63
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C488044108 KELLWOOD CO COM
Acquisitions 1,560.00 -56,431.27
Dispositions -300.00 11,245.48
C492386107 KERR MCGEE CORP COM
Acquisitions 16,600.00 -700,791.22
Free Delivery -7,100.00
Free Receipt 7,100.00
C492914106 KEY ENERGY SVCS INC
Acquisitions 8,500.00 -84,540.45
Dispositions -1,700.00 16,398.22
C493267108 KEYCORP NEW COM
Acquisitions 34,700.00 -924,876.26
Dispositions -22,500.00 599,658.66
C493596100 KEYSTONE PPTY TR COM
Acquisitions 300.00 -5,037.68
Dispositions -1,300.00 25,325.34
C494368103 KIMBERLY-CLARK CORP COM
Acquisitions 16,400.00 -796,380.39
Dispositions -13,700.00 683,807.94
Free Delivery -6,000.00
Free Receipt 6,000.00
C494580103 KINDRED HEALTHCARE INC COM STK
Acquisitions 1,200.00 -58,547.31
Dispositions -230.00 11,417.60
C482480100 KLA-TENCOR CORP
Acquisitions 5,500.00 -279,593.91
Dispositions -3,900.00 208,345.96
C499063105 KNIGHT TRADING GROUP INC CL A COM
Acquisitions 11,000.00 -71,864.16
Dispositions -7,200.00 83,381.63
C499064103 KNIGHT TRANSN INC COM
Acquisitions 2,000.00 -47,012.00
Dispositions -4,000.00 109,447.94
C500255104 KOHLS CORP COM
Acquisitions 30,300.00 -1,578,202.88
Dispositions -90,000.00 4,797,060.09
Free Delivery -5,700.00
Free Receipt 5,700.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
64
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C50075N104 KRAFT FOODS INC CL A
Acquisitions 26,800.00 -795,071.71
Dispositions -10,400.00 340,677.10
C501577100 KYPHON INC COM
Acquisitions 2,900.00 -60,299.68
Dispositions -5,110.00 79,483.38
C502424104 L-3 COMMUNICATIONS HLDG CORP COM
Acquisitions 1,800.00 -79,134.17
Dispositions -1,100.00 50,406.63
C505401208 LABOR READY INC COM NEW
Acquisitions 3,260.00 -21,764.35
Dispositions -4,110.00 26,497.40
C512815101 LAMAR ADVERTISING CO CL A COM
Acquisitions 400.00 -12,497.44
Dispositions -1,600.00 54,144.72
C515098101 LANDSTAR SYS INC COM
Acquisitions 700.00 -45,470.88
Dispositions -330.00 13,735.83
C518415104 LATTICE SEMICONDUCTOR CORP COM
Acquisitions 7,000.00 -51,051.70
Dispositions -13,000.00 109,302.00
C518439104 LAUDER ESTEE COS INC CL A
Acquisitions 1,800.00 -62,607.99
Dispositions -600.00 22,197.95
C501810105 LCC INTL INC CL A
Acquisitions 9,900.00 -50,440.29
Dispositions -1,200.00 5,963.71
C524908100 LEHMAN BROS HLDGS INC COM
Acquisitions 3,300.00 -216,344.25
Dispositions -13,500.00 865,950.56
C52886P104 LEXAR MEDIA INC COM
Acquisitions 11,600.00 -54,671.06
Dispositions -11,600.00 63,995.64
C529771107 LEXMARK INTL INC NEW CL A
Acquisitions 2,200.00 -154,745.93
Dispositions -2,200.00 147,033.19
C530718105 LIBERTY MEDIA CORP NEW COM SER A
Acquisitions 27,200.00 -316,135.76
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
65
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -96,169.00 975,254.35
Free Delivery -61,169.00
Free Receipt 61,169.00
C53219L109 LIFEPOINT HOSPS INC COM ISIN US53219L1098
Acquisitions 3,020.00 -71,500.14
Dispositions -4,560.00 109,476.61
C532774106 LIN TV CORP CL A
Acquisitions 3,475.00 -76,933.21
Dispositions -975.00 22,354.94
C535679104 LINENS N THINGS INC COM
Acquisitions 1,950.00 -44,123.19
Dispositions -3,650.00 94,684.77
C536252109 LIONBRIDGE TECHNOLOGIES INC COM
Acquisitions 3,400.00 -20,740.00
Dispositions -3,400.00 34,728.32
C501889208 LKQ CORP COM
Acquisitions 1,000.00 -13,000.00
Dispositions -1,000.00 16,449.22
C539830109 LOCKHEED MARTIN CORP COM
Acquisitions 5,400.00 -249,263.96
Dispositions -22,200.00 1,078,345.91
C543442107 LOOKSMART LTD COM STK
Acquisitions 8,500.00 -23,370.32
Dispositions -8,500.00 22,091.30
C548661107 LOWES COS INC COM
Acquisitions 56,325.00 -2,656,920.80
Dispositions -18,225.00 881,253.83
Free Delivery -14,200.00
Free Receipt 14,200.00
C532716107 LTD BRANDS
Acquisitions 23,600.00 -325,871.16
Dispositions -14,100.00 244,962.92
Free Delivery -23,600.00
Free Receipt 23,600.00
C55261F104 M & T BK CORP COM
Acquisitions 800.00 -74,703.82
Dispositions -200.00 18,808.76
C556100105 MACROMEDIA INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
66
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 4,845.00 -95,602.31
Dispositions -4,395.00 87,299.44
C559775101 MAGUIRE PPTYS INC COM
Acquisitions 1,840.00 -34,960.00
Dispositions -1,840.00 36,690.45
C564563104 MANTECH INTL CORP CL A
Acquisitions 1,200.00 -16,583.17
Dispositions -1,820.00 35,433.03
C571748102 MARSH & MCLENNAN CO'S INC COM
Acquisitions 23,600.00 -1,111,185.05
Dispositions -13,500.00 647,493.58
Free Delivery -11,000.00
Free Receipt 11,000.00
C57383M108 MARVEL ENTERPRISES INC COM STK
Acquisitions 4,600.00 -73,329.71
Dispositions -1,200.00 33,474.86
CG5876H105 MARVELL TECH GROUP MARVELL TECH GROUP INC
Acquisitions 9,600.00 -332,470.84
Dispositions -2,600.00 88,544.83
C577081102 MATTEL INC COM
Acquisitions 3,850.00 -75,034.33
Dispositions -7,050.00 135,503.76
C57772K101 MAXIM INTEGRATED PRODS INC COM
Acquisitions 8,175.00 -335,320.72
Dispositions -4,475.00 171,938.92
Free Delivery -9,000.00
Free Receipt 9,000.00
C577778103 MAY DEPT STORES CO COM
Acquisitions 4,800.00 -93,231.36
Dispositions -4,500.00 114,690.62
C55262C100 MBIA INC COM
Acquisitions 12,100.00 -514,427.19
Dispositions -12,100.00 685,808.69
C55262L100 MBNA CORP COM
Acquisitions 86,850.00 -1,405,597.49
Dispositions -215,100.00 4,585,676.26
Free Delivery -23,800.00
Free Receipt 23,800.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
67
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C580135101 MC DONALDS CORP COM
Acquisitions 63,425.00 -1,239,008.03
Dispositions -48,691.00 876,936.62
Free Delivery -12,591.00
Free Receipt 12,591.00
C580031201 MCDATA CORP CL A
Acquisitions 7,900.00 -98,331.81
Dispositions -7,900.00 77,157.52
C58155Q103 MCKESSON CORP
Acquisitions 900.00 -31,054.48
Dispositions -900.00 29,029.79
C584690309 MEDICIS PHARMACEUTICAL CORP CL A NEW
Acquisitions 1,000.00 -57,319.80
Dispositions -1,000.00 58,376.16
C584699102 MEDIMMUNE INC COM
Acquisitions 26,000.00 -834,403.95
Dispositions -26,400.00 770,486.88
Free Delivery -1,300.00
Free Receipt 1,300.00
C585055106 MEDTRONIC INC COM
Acquisitions 37,050.00 -1,738,710.48
Dispositions -4,750.00 224,181.22
Free Delivery -13,500.00
Free Receipt 13,500.00
C58551A108 MELLON FINL CORP COM
Acquisitions 41,900.00 -1,023,375.13
Dispositions -32,000.00 888,099.68
Free Delivery -16,300.00
Free Receipt 16,300.00
C587200106 MENTOR GRAPHICS CORP COM
Acquisitions 5,500.00 -58,998.55
Dispositions -5,500.00 94,445.83
C587376104 MERCANTILE BK CORP COM
Acquisitions 1,200.00 -39,912.00
Dispositions -180.00 5,833.52
C589331107 MERCK & CO INC COM
Acquisitions 28,800.00 -1,351,611.94
Dispositions -25,000.00 1,239,796.41
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
68
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C589405109 MERCURY INTERACTIVE CORP COM
Acquisitions 2,900.00 -123,428.01
Dispositions -2,900.00 131,588.51
Free Delivery -1,500.00
Free Receipt 1,500.00
C590188108 MERRILL LYNCH & CO INC COM
Acquisitions 6,100.00 -321,076.01
Dispositions -25,386.00 1,111,650.58
C591097209 METAL MGMT INC COM NEW STK NEW
Acquisitions 4,950.00 -104,756.23
Dispositions -1,070.00 23,714.06
C592688105 METTLER-TOLEDO INTL INC COM
Acquisitions 2,000.00 -76,791.00
Dispositions -570.00 22,313.84
C552880106 MGI PHARMA INC COM
Acquisitions 700.00 -28,633.28
Dispositions -200.00 7,719.87
C552848103 MGIC INVT CORP WIS COM
Acquisitions 16,800.00 -686,612.11
Dispositions -8,100.00 441,645.76
C552953101 MGM MIRAGE COM
Acquisitions 16,100.00 -429,822.00
Dispositions -16,100.00 584,697.74
C595017104 MICROCHIP TECH INC COM
Acquisitions 35,800.00 -846,093.82
Dispositions -30,200.00 725,692.00
Free Delivery -19,800.00
Free Receipt 19,800.00
C594918104 MICROSOFT CORP COM
Acquisitions 73,700.00 -2,069,890.52
Dispositions -40,700.00 1,181,040.70
Free Delivery -56,700.00
Free Receipt 56,700.00
C594972408 MICROSTRATEGY INC CL A NEW
Acquisitions 1,135.00 -44,932.50
Dispositions -355.00 18,041.48
C608554200 MOLEX INC CL A
Acquisitions 1,900.00 -43,927.34
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
69
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -2,300.00 43,726.92
C60855R100 MOLINA HEALTHCARE INC COM
Acquisitions 2,400.00 -53,705.99
Dispositions -700.00 17,769.75
C61166W101 MONSANTO CO NEW COM
Acquisitions 1,186,332.00 -25,911,334.51
Dispositions -1,089,003.00 24,133,367.31
Free Delivery -2,097,155.00
Free Receipt 2,026,883.00
C999899602 MONSANTO PARTICIPANT LOANS
Acquisitions 10,284,002.68 -10,284,002.68
Dispositions -8,929,720.87 8,929,720.87
C617446448 MORGAN STANLEY
Acquisitions 49,700.00 -2,461,256.33
Dispositions -24,600.00 1,241,996.58
Free Delivery -19,100.00
Free Receipt 19,100.00
C619903107 MOTHERS WK INC COM
Acquisitions 275.00 -8,596.50
Dispositions -1,175.00 30,951.17
C55377A106 MTC TECHNOLOGIES INC COM
Acquisitions 820.00 -17,164.68
Dispositions -1,920.00 52,979.94
C62852P103 MYKROLIS CORP COM
Acquisitions 5,650.00 -63,829.64
Dispositions -2,230.00 30,237.79
C63607P208 NATL FINL PARTNERS CORP COM
Acquisitions 1,600.00 -36,800.00
Dispositions -1,600.00 42,114.34
C638904102 NAVIGATORS GROUP INC COM
Acquisitions 400.00 -11,800.00
Dispositions -290.00 9,011.27
C62886E108 NCR CORP COM
Acquisitions 2,700.00 -46,384.92
Dispositions -1,600.00 55,149.41
C640268108 NEKTAR THERAPEUTICS COM
Acquisitions 3,400.00 -45,175.53
Dispositions -950.00 13,285.36
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
70
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C64120L104 NETWORK APPLIANCE INC DEL
Acquisitions 4,300.00 -73,317.82
Dispositions -11,100.00 223,522.47
C640938106 NETWORKS ASSOC INC COM STK
Acquisitions 1,100.00 -20,959.30
Dispositions -1,100.00 13,515.61
C64124W106 NEUROBIOLOGICAL TECHNOLOGIES INC COM
Acquisitions 3,500.00 -13,768.11
Dispositions -3,500.00 19,866.11
C64125C109 NEUROCRINE BIOSCIENCES INC COM
Acquisitions 600.00 -31,770.59
Dispositions -300.00 15,527.26
C650111107 NEW YORK TIMES CO CL A ISIN #US6501111073
Acquisitions 200.00 -9,271.19
Dispositions -9,800.00 451,146.82
C651229106 NEWELL RUBBERMAID INC COM
Acquisitions 46,000.00 -1,276,080.09
Dispositions -58,000.00 1,265,578.08
Free Delivery -10,500.00
Free Receipt 10,500.00
C65333F107 NEXTEL PARTNERS INC CL A
Acquisitions 6,500.00 -35,836.80
Dispositions -12,500.00 101,314.49
C654106103 NIKE INC CL B
Acquisitions 12,800.00 -682,788.31
Dispositions -5,900.00 308,149.56
Free Delivery -5,800.00
Free Receipt 5,800.00
CG65422100 NOBLE CORPORATION COM
Acquisitions 19,300.00 -667,072.68
Dispositions -11,800.00 410,086.99
C670002104 NOVAVAX INC COM
Acquisitions 2,600.00 -7,556.81
Dispositions -5,600.00 23,384.31
C670006105 NOVELL INC COM
Acquisitions 37,800.00 -279,222.82
Dispositions -16,900.00 84,591.51
C670008101 NOVELLUS SYS INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
71
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 2,600.00 -82,151.51
Dispositions -11,600.00 460,156.89
C62936P103 NPS PHARMACEUTICALS INC COM
Acquisitions 2,500.00 -55,046.25
Dispositions -780.00 21,590.37
C628916108 NS GROUP INC COM
Acquisitions 5,900.00 -42,900.94
Dispositions -3,000.00 20,005.88
C629445206 NVE CORP COM NEW
Acquisitions 700.00 -28,342.41
Dispositions -200.00 9,553.79
C674599105 OCCIDENTAL PETE CORP COM
Acquisitions 16,200.00 -472,333.95
Dispositions -7,100.00 225,263.71
Free Delivery -9,500.00
Free Receipt 9,500.00
C67611V101 ODYSSEY HEALTHCARE INC COM
Acquisitions 1,625.00 -37,924.74
Dispositions -2,960.00 102,398.62
C677240103 OH CAS CORP COM
Acquisitions 3,700.00 -47,004.91
Dispositions -3,700.00 51,454.87
CY6476W104 OMI CORP NEW COM
Acquisitions 5,400.00 -26,237.54
Dispositions -5,400.00 34,095.44
C681919106 OMNICOM GROUP INC COM
Acquisitions 1,500.00 -86,402.54
Dispositions -4,800.00 367,944.90
C682128103 OMNIVISION TECHNOLOGIES INC COM
Acquisitions 2,500.00 -49,611.27
Dispositions -2,500.00 63,697.01
C682189105 ON SEMICONDUCTOR CORP COM
Acquisitions 17,000.00 -82,056.27
Dispositions -4,500.00 21,562.98
C68273G101 ONLINE RES CORP COM
Acquisitions 5,500.00 -33,679.97
Dispositions -2,300.00 15,117.95
C683399109 ONYX PHARMACEUTICALS INC DEL COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
72
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 4,800.00 -66,846.66
Dispositions -2,800.00 59,286.44
C68371P102 OPEN SOLUTIONS INC COM STK
Acquisitions 800.00 -13,600.00
Dispositions -800.00 15,031.10
C68389X105 ORACLE CORP COM
Acquisitions 154,900.00 -1,928,059.67
Dispositions -66,400.00 825,433.08
Free Delivery -81,600.00
Free Receipt 81,600.00
C688239201 OSHKOSH TRUCK CORP COM
Acquisitions 600.00 -35,248.98
Dispositions -1,600.00 89,759.07
C690310107 OVERLAND STORAGE INC COM
Acquisitions 5,200.00 -104,029.52
Dispositions -1,170.00 22,278.33
C690322102 OVERNITE CORP COM
Acquisitions 3,050.00 -58,791.25
Dispositions -490.00 10,433.32
CG6797E106 O2 MICRO INTL O2 MICRO INTL LTD COM STK
Acquisitions 2,600.00 -27,208.25
Dispositions -1,330.00 28,466.26
C693149106 P A M TRANSN SVCS INC COM
Acquisitions 1,800.00 -39,977.59
Dispositions -2,700.00 53,508.39
C703481101 PATTERSON-UTI ENERGY INC COM
Acquisitions 1,400.00 -44,091.36
Dispositions -4,800.00 151,752.78
C704326107 PAYCHEX INC COM
Acquisitions 5,700.00 -156,223.16
Dispositions -5,700.00 210,435.82
C705560100 PEETS COFFEE & TEA INC COM
Acquisitions 4,500.00 -70,134.49
Dispositions -2,800.00 51,630.95
C707051108 PENFORD CORP COM
Acquisitions 1,585.00 -18,760.76
Dispositions -685.00 8,320.68
C709754105 PENWEST PHARMACEUTICALS CO COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
73
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 3,300.00 -74,082.39
Dispositions -810.00 14,113.12
C712713106 PEOPLESOFT INC COM
Acquisitions 13,500.00 -272,433.05
Dispositions -21,600.00 346,360.56
C713409100 PEPSI BOTTLING GROUP INC COM STK ISIN US7134091005
Acquisitions 17,800.00 -459,515.61
Dispositions -47,000.00 984,801.04
Free Delivery -13,000.00
Free Receipt 13,000.00
C713448108 PEPSICO INC COM
Acquisitions 54,500.00 -2,460,626.30
Dispositions -8,450.00 391,587.10
Free Delivery -11,200.00
Free Receipt 11,200.00
C713569309 PER-SE TECHNOLOGIES INC COM NEW
Acquisitions 5,340.00 -51,317.78
Dispositions -8,210.00 105,196.51
C713755106 PERFORMANCE FOOD GROUP CO COM
Acquisitions 2,800.00 -89,297.12
Dispositions -3,590.00 137,380.83
C717081103 PFIZER INC COM STK $.11 1/9 PAR
Acquisitions 215,569.00 -6,943,138.18
Dispositions -1,684,256.60 55,166,826.77
Free Delivery -697,532.00
Free Receipt 12,676,952.60
C71902E109 PHOENIX COS INC NEW COM
Acquisitions 6,000.00 -58,005.90
Dispositions -6,000.00 67,383.81
C719364101 PHOTON DYNAMICS INC COM
Acquisitions 1,250.00 -41,726.68
Dispositions -1,250.00 47,354.87
C720279108 PIER 1 IMPORTS INC COM
Acquisitions 6,800.00 -133,053.38
Dispositions -6,800.00 133,039.07
Free Delivery -6,600.00
Free Receipt 6,600.00
C723481107 PINNACLE SYS INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
74
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 8,000.00 -89,393.50
Dispositions -8,000.00 72,842.80
C724479100 PITNEY BOWES INC COM
Acquisitions 6,000.00 -201,052.20
Free Delivery -6,000.00
Free Receipt 6,000.00
C693475105 PNC FINANCIAL SERVICES GROUP COM STK
Acquisitions 4,100.00 -184,705.00
Dispositions -10,300.00 440,010.96
Free Delivery -4,800.00
Free Receipt 4,800.00
C732813100 POORE BROS INC COM
Acquisitions 3,500.00 -16,240.00
Dispositions -3,500.00 17,376.68
C732827100 POPE & TALBOT INC COM
Acquisitions 1,400.00 -17,505.60
Dispositions -1,400.00 16,234.32
C73640Q105 PORTFOLIO RECOVERY ASSOCS INC COM
Acquisitions 900.00 -18,166.28
Dispositions -2,600.00 59,517.53
C742718109 PROCTER & GAMBLE CO COM
Acquisitions 21,400.00 -1,942,118.39
Dispositions -6,200.00 551,413.59
Free Delivery -5,900.00
Free Receipt 5,900.00
C743187106 PROGENICS PHARMACEUTICALS INC COM
Acquisitions 900.00 -13,427.60
Dispositions -140.00 2,246.89
C743315103 PROGRESSIVE CORP OH COM
Acquisitions 12,900.00 -746,377.55
Dispositions -4,300.00 323,130.28
C74369L103 PROTEIN DESIGN LABS INC COM
Acquisitions 1,400.00 -20,827.66
Dispositions -5,400.00 55,089.94
C744573106 PUB SERVICE ENTERPRISE GROUP INC COM
Acquisitions 6,900.00 -249,306.66
Dispositions -14,800.00 513,527.98
Free Delivery -6,900.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
75
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Receipt 6,900.00
C101121AA9 PVTPL BSTN PPTYS INC BSTN PROPS 5.625 DUE
04-15-2015/04-14-2015 BEO
Acquisitions 150,000.00 -149,847.00
Free Delivery -150,000.00
C10112RAA2 PVTPL BSTN PPTYS LTD PARTNERSHIP SR NT 144A 6.25
DUE 01-15-2013/01-14-2013 BEO
Acquisitions 175,000.00 -175,613.50
Free Delivery -175,000.00
C747277101 QLOGIC CORP COM
Acquisitions 800.00 -32,260.08
Dispositions -800.00 41,828.31
C747525103 QUALCOMM INC COM
Acquisitions 10,050.00 -419,783.92
Dispositions -16,150.00 611,599.27
C74834L100 QUEST DIAGNOSTICS INC COM
Acquisitions 600.00 -40,406.98
Dispositions -900.00 56,440.81
C74834T103 QUEST SOFTWARE INC COM ISIN US74834T1034
Acquisitions 3,500.00 -42,692.30
Dispositions -3,500.00 47,627.08
C74837R104 QUICKSILVER RES INC COM
Acquisitions 600.00 -12,068.04
Dispositions -1,200.00 28,875.53
C75040P405 RADIO 1 INC CL D NON VTG
Acquisitions 3,500.00 -58,348.75
Dispositions -1,000.00 15,522.28
CM81873107 RADWARE LTD COM STK
Acquisitions 7,700.00 -122,278.26
Dispositions -3,250.00 63,294.16
C755081106 RAYOVAC CORP COM
Acquisitions 3,500.00 -43,829.88
Dispositions -3,500.00 58,310.56
C755111507 RAYTHEON CO COM NEW
Acquisitions 4,300.00 -129,079.10
Dispositions -33,600.00 991,447.63
Free Delivery -8,900.00
Free Receipt 8,900.00
C756577102 RED HAT INC COM
Acquisitions 5,000.00 -40,673.50
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
76
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -1,450.00 18,335.63
C75689M101 RED ROBIN GOURMET BURGERS INC COM
Acquisitions 1,410.00 -17,147.60
Dispositions -1,410.00 29,589.43
C758075402 REDWOOD TR INC COM
Acquisitions 1,100.00 -47,852.89
Dispositions -1,020.00 51,541.15
C758932107 REGIS CORP MINN COM
Acquisitions 3,210.00 -106,782.79
Dispositions -810.00 30,237.07
C749941100 RF MICRO DEVICES INC COM
Acquisitions 4,400.00 -28,084.83
Dispositions -4,400.00 21,791.08
C749607107 RLI CORP COM
Acquisitions 1,000.00 -28,040.00
Dispositions -1,900.00 54,815.45
C775371107 ROHM & HAAS CO COM
Acquisitions 9,500.00 -293,238.53
Dispositions -13,900.00 388,941.78
Free Delivery -3,900.00
Free Receipt 3,900.00
C776696106 ROPER INDS INC NEW COM
Acquisitions 2,330.00 -99,450.00
Dispositions -580.00 28,062.08
C780008108 ROXIO INC COM
Acquisitions 5,900.00 -62,036.96
Dispositions -5,900.00 25,027.17
C780257804 ROYAL DUTCH PETRO N.Y REGISTRY SH PAR N 1.25 GLDR
Acquisitions 9,300.00 -417,105.00
Dispositions -19,900.00 856,860.67
Free Delivery -9,300.00
Free Receipt 9,300.00
C781270103 RUDOPLH TECHNOLOGIES INC COM
Acquisitions 1,500.00 -34,882.90
Dispositions -280.00 6,453.69
C795435106 SALIX PHARMACEUTICALS LTD COM DE
Acquisitions 2,900.00 -15,625.43
Dispositions -2,900.00 29,034.73
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
77
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C800363103 SANDY SPRING BANCORP INC CMT-COM
Acquisitions 1,500.00 -49,228.50
Dispositions -1,500.00 55,761.33
C803062108 SAPIENT CORP COM
Acquisitions 22,400.00 -51,403.26
Dispositions -22,400.00 94,860.21
C80556P302 SAXON CAP INC COM
Acquisitions 7,600.00 -111,529.28
Dispositions -7,600.00 123,034.04
C78387G103 SBC COMMUNICATIONS INC COM
Acquisitions 15,100.00 -357,281.20
Dispositions -12,200.00 363,104.20
Free Delivery -8,800.00
Free Receipt 8,800.00
C806605101 SCHERING-PLOUGH CORP COM
Acquisitions 38,300.00 -644,352.30
Dispositions -38,600.00 678,103.29
Free Delivery -11,300.00
Free Receipt 11,300.00
C806857108 SCHLUMBERGER LTD COM STK
Acquisitions 4,000.00 -209,415.97
Dispositions -3,200.00 132,096.21
C806882106 SCHNITZER STL INDS INC CL A
Acquisitions 2,585.00 -97,707.02
Dispositions -3,020.00 124,354.31
C807066105 SCHOLASTIC CORP COM
Acquisitions 2,100.00 -66,210.62
Dispositions -4,050.00 118,312.43
C811054204 SCRIPPS E.W INC NEW CL A COM
Acquisitions 7,500.00 -582,384.63
Dispositions -1,000.00 88,220.32
Free Delivery -600.00
Free Receipt 600.00
C812387108 SEARS ROEBUCK & CO COM
Acquisitions 5,900.00 -129,113.83
Dispositions -37,849.00 884,895.59
Free Delivery -14,749.00
Free Receipt 14,749.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
78
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C81616X103 SELECT COMFORT CORP OC-CAP STK
Acquisitions 10,800.00 -115,966.65
Dispositions -6,360.00 140,902.40
C816850101 SEMTECH CORP
Acquisitions 3,500.00 -50,805.65
Dispositions -1,100.00 24,349.36
C81760N109 SERVICEMASTER CO COM
Acquisitions 37,900.00 -406,861.99
Dispositions -41,000.00 383,477.93
C825549108 SHUFFLE MASTER INC COM
Acquisitions 300.00 -5,311.89
Dispositions -1,500.00 33,097.64
C826516106 SIERRA WIRELESS INC COM STK
Acquisitions 4,350.00 -77,403.75
Dispositions -740.00 15,628.06
CG81477104 SINA CORPORATION COM STK USD0.133
Acquisitions 3,000.00 -34,265.40
Dispositions -1,560.00 54,802.95
C83088M102 SKYWORKS SOLUTIONS INC COM
Acquisitions 3,700.00 -24,363.02
Dispositions -9,700.00 51,694.87
C78442P106 SLM CORP COM
Acquisitions 28,700.00 -1,502,511.09
Dispositions -18,500.00 846,531.95
Free Delivery -6,900.00
Free Receipt 6,900.00
C832110100 SMITH INTL INC COM
Acquisitions 1,500.00 -56,281.46
Dispositions -2,300.00 87,954.00
C83408W103 SOHU COM INC COM
Acquisitions 2,000.00 -32,859.33
Dispositions -630.00 20,397.23
C834376105 SOLUTIA INC COM STK
Dispositions -125,665.00 316,609.00
Free Delivery -55,723.00
Free Receipt 28,707.00
C845467109 SOUTHWESTN ENERGY CO COM
Acquisitions 2,000.00 -23,919.76
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
79
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -650.00 11,673.44
C846425882 SPANISH BROADCASTING SYS INC CL A COM STK
Acquisitions 7,000.00 -68,478.57
Dispositions -900.00 8,432.60
C848934105 SPORTSLINE.COM INC COM
Acquisitions 8,400.00 -12,722.80
Dispositions -8,400.00 9,119.14
C784635104 SPX CORP COM
Acquisitions 700.00 -28,573.65
Dispositions -1,300.00 67,408.42
C790849103 ST JUDE MED INC COM
Acquisitions 16,400.00 -923,069.33
Dispositions -6,425.00 338,087.92
C857477103 ST STR CORP COM
Acquisitions 10,100.00 -491,971.36
Dispositions -3,100.00 125,233.88
C855030102 STAPLES INC COM
Acquisitions 5,500.00 -129,206.96
Dispositions -5,500.00 132,428.29
Free Delivery -5,500.00
Free Receipt 5,500.00
C855244109 STARBUCKS CORP COM
Acquisitions 24,700.00 -680,848.32
Dispositions -7,900.00 223,849.23
C85590A203 STARWOOD HOTELS & RESORTS WORLDWIDE INC PAIRED
CTF 1 B SH BEN INT STARWOOD REIT
Acquisitions 9,100.00 -221,255.67
Dispositions -12,500.00 348,987.78
Free Delivery -8,100.00
Free Receipt 8,100.00
C857873103 STEAK N SHAKE CO COM
Acquisitions 1,580.00 -17,438.46
Dispositions -1,580.00 23,523.74
C862685104 STRATASYS INC COM
Acquisitions 3,375.00 -83,917.75
Dispositions -2,155.00 82,515.35
C863667101 STRYKER CORP COM
Acquisitions 7,700.00 -572,202.18
Dispositions -1,200.00 89,143.90
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
80
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C867363103 SUNGARD DATA SYS INC COM
Acquisitions 2,500.00 -56,906.55
Dispositions -3,000.00 79,923.83
C867931107 SUPERCONDUCTOR TECHNOLOGIES INC COM
Acquisitions 15,100.00 -81,160.19
Dispositions -8,400.00 46,975.40
C868587106 SUPPORT SOFT INC
Acquisitions 4,500.00 -39,631.36
Dispositions -1,600.00 20,643.71
C871503108 SYMANTEC CORP COM
Acquisitions 21,900.00 -1,008,561.55
Dispositions -11,600.00 626,107.88
C871829107 SYSCO CORP COM
Acquisitions 18,500.00 -575,759.51
Dispositions -20,400.00 670,895.85
Free Delivery -8,400.00
Free Receipt 8,400.00
C872443403 T-HQ INC COM NEW
Acquisitions 2,700.00 -47,453.80
Dispositions -4,800.00 73,510.92
C874054109 TAKE-TWO INTERACTIVE SOFTWARE INC CDT-COM
Acquisitions 2,500.00 -52,554.75
Dispositions -4,260.00 124,070.37
C87588Q109 TANOX INC COM STK
Acquisitions 1,400.00 -12,173.46
Dispositions -690.00 9,322.95
C87612E106 TARGET CORP COM
Acquisitions 33,500.00 -1,276,781.07
Dispositions -9,100.00 305,415.96
C872275102 TCF FNCL CORP COM
Acquisitions 700.00 -26,551.70
Dispositions -2,000.00 82,486.93
C886547108 TIFFANY & CO COM
Acquisitions 1,900.00 -60,819.20
Dispositions -2,100.00 60,765.33
C872540109 TJX COS INC COM NEW
Acquisitions 31,200.00 -664,779.66
Dispositions -2,200.00 42,481.59
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
81
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C890333107 TOO INC COM STK
Acquisitions 180.00 -2,737.10
Dispositions -2,830.00 50,809.38
C89531P105 TREX INC COM
Acquisitions 3,300.00 -113,494.93
Dispositions -1,020.00 37,653.12
C895925105 TRIAD GTY INC
Acquisitions 1,300.00 -55,771.06
Dispositions -370.00 17,797.86
C89579K109 TRIAD HOSPS INC COM
Acquisitions 1,300.00 -32,512.95
Dispositions -3,600.00 82,554.57
C896047107 TRIBUNE CO COM
Acquisitions 6,100.00 -291,303.35
Dispositions -2,800.00 132,898.57
C895919108 TRIDENT MICROSYSTEMS INC COM
Acquisitions 5,700.00 -97,850.81
Dispositions -3,360.00 71,061.31
C882508104 TX INSTRS INC COM
Acquisitions 63,300.00 -1,402,019.61
Dispositions -74,700.00 1,357,905.61
Free Delivery -18,300.00
Free Receipt 18,300.00
C90262T308 UCBH HLDGS INC COM
Acquisitions 1,050.00 -45,791.66
Dispositions -2,720.00 86,574.72
C903914109 ULTRA PETE CORP COM NPV
Acquisitions 2,210.00 -22,664.90
Dispositions -4,400.00 79,854.11
C911312106 UNITED PARCEL SVC INC CL B
Acquisitions 5,400.00 -347,887.22
Dispositions -1,100.00 68,086.81
C912828AF7 UNITED STATES TREAS NTS BD INFLATION INDEXED 3 DUE
07-15-2012 REG
Acquisitions 50,000.00 -54,853.98
Dispositions -440,000.00 483,127.66
C914906102 UNIVISION COMMUNICATIONS INC CL A
Acquisitions 2,400.00 -73,387.30
Dispositions -3,200.00 103,692.62
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
82
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C91529B106 UNOVA INC COM
Acquisitions 2,580.00 -56,302.11
Dispositions -11,580.00 177,021.40
C913903100 UNVL HEALTH SERVICES INC CL B COM
Acquisitions 1,100.00 -43,966.06
Dispositions -12,500.00 559,583.03
C902973304 US BANCORP
Acquisitions 26,900.00 -590,305.27
Dispositions -4,700.00 126,834.83
Free Delivery -22,600.00
Free Receipt 22,600.00
C911163103 UTD NAT FOODS INC COM
Acquisitions 450.00 -11,554.65
Dispositions -1,350.00 48,381.94
C911301109 UTD PANAM FINL CORP COM
Acquisitions 8,275.00 -113,918.14
Dispositions -2,305.00 36,816.40
C913017109 UTD TECHNOLOGIES CORP COM
Acquisitions 10,650.00 -837,450.29
Dispositions -18,650.00 1,243,235.93
Free Delivery -9,200.00
Free Receipt 9,200.00
C91307C102 UTD THERAPEUTICS CORP DEL COM STK
Acquisitions 2,600.00 -59,170.34
Dispositions -1,180.00 23,830.55
CG87210103 UTI WORLDWIDE INC ORD NPV
Acquisitions 700.00 -18,875.52
Dispositions -1,620.00 53,986.60
C918076100 UTSTARCOM INC COM
Acquisitions 600.00 -11,290.92
Dispositions -5,350.00 189,379.44
C920355104 VALSPAR CORP COM
Acquisitions 550.00 -25,779.97
Dispositions -150.00 7,317.14
C92046N102 VALUECLICK INC COM STK ISIN#US92046N1028
Acquisitions 5,100.00 -18,051.45
Dispositions -5,100.00 20,132.48
C921930103 VANS INC COM
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
83
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 5,400.00 -29,259.47
Dispositions -3,050.00 33,229.87
C92220P105 VARIAN MED SYS INC COM ISIN #US9222091057
Acquisitions 1,300.00 -70,539.53
Dispositions -1,400.00 82,411.07
C918194101 VCA ANTECH INC COM STK
Acquisitions 1,400.00 -21,350.00
Dispositions -2,030.00 54,985.76
C922417100 VEECO INSTRS INC DEL COM
Acquisitions 3,000.00 -46,448.25
Dispositions -3,000.00 57,898.00
C923436109 VERITAS SOFTWARE CORP COM
Acquisitions 35,300.00 -1,076,008.93
Dispositions -9,800.00 287,273.12
C92343V104 VERIZON COMMUNICATIONS COM
Acquisitions 16,400.00 -565,968.36
Dispositions -34,300.00 1,387,888.16
Free Delivery -6,300.00
Free Receipt 6,300.00
C925524308 VIACOM COM CL B
Acquisitions 32,300.00 -1,296,247.97
Dispositions -16,500.00 682,623.67
Free Delivery -6,200.00
Free Receipt 6,200.00
C926471103 VICURON PHARMACEUTICALS INC COM
Acquisitions 3,600.00 -51,044.13
Dispositions -1,050.00 18,802.62
C92763R104 VIRAGE LOGIC CORP COM
Acquisitions 1,500.00 -7,431.00
Dispositions -3,700.00 15,668.76
C92839Y109 VISTACARE INC CL A COM
Acquisitions 1,500.00 -29,395.16
Dispositions -2,480.00 57,806.02
C954235107 W MARINE INC
Acquisitions 5,700.00 -96,220.82
Dispositions -2,190.00 47,373.53
C931142103 WAL-MART STORES INC COM
Acquisitions 19,500.00 -1,066,026.72
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
84
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -21,800.00 1,190,040.45
Free Delivery -17,800.00
Free Receipt 17,800.00
C931422109 WALGREEN CO COM
Acquisitions 24,100.00 -782,864.18
Dispositions -46,800.00 1,498,687.60
Free Delivery -4,300.00
Free Receipt 4,300.00
C942683103 WATSON PHARMACEUTICALS INC COM
Acquisitions 3,500.00 -138,308.93
Dispositions -3,500.00 145,222.33
Free Delivery -3,300.00
Free Receipt 3,300.00
CG95089101 WEATHERFORD INTL LTD
Acquisitions 8,200.00 -332,738.67
Dispositions -1,500.00 55,424.81
C947684106 WEBSENSE INC COM STK ISIN# US9476841062
Acquisitions 600.00 -8,155.00
Dispositions -1,400.00 25,592.61
C94973H108 WELLPOINT HLTH NETWORKS INC CL A (NEW) DELAW EFF 8-4-97
Acquisitions 9,400.00 -673,189.74
Dispositions -7,100.00 594,618.04
C949746101 WELLS FARGO & CO NEW COM STK
Acquisitions 23,700.00 -1,221,215.28
Dispositions -1,400.00 66,139.18
Free Delivery -6,400.00
Free Receipt 6,400.00
C959522103 WESTN SIERRA BANCORP COM
Acquisitions 1,200.00 -39,046.33
Dispositions -274.75 10,467.55
C961815107 WESTWOOD 1 INC COM
Acquisitions 26,500.00 -837,566.28
Dispositions -4,900.00 158,523.39
C961840105 WET SEAL INC CL A
Acquisitions 9,350.00 -97,531.94
Dispositions -9,350.00 94,990.37
C962166104 WEYERHAEUSER CO COM
Acquisitions 8,600.00 -457,233.04
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
85
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -15,100.00 835,280.81
C966387102 WHITING PETE CORP NEW COM STK
Acquisitions 2,200.00 -34,100.00
Dispositions -400.00 6,667.68
C969904101 WILLIAMS SONOMA INC COM
Acquisitions 1,800.00 -51,132.24
Dispositions -1,600.00 45,690.86
CG96655108 WILLIS GROUP HOLDINGS COM
Acquisitions 1,400.00 -37,500.35
Dispositions -3,200.00 97,958.62
C972232102 WILSON GREATBATCH TECHNOLOGIES INC COM
Acquisitions 2,180.00 -62,197.33
Dispositions -680.00 25,721.19
C97650W108 WINTRUST FINL CORP COM
Acquisitions 425.00 -13,451.25
Dispositions -790.00 31,959.24
C98235T107 WRIGHT MED GROUP INC COM
Acquisitions 3,200.00 -67,220.23
Dispositions -900.00 23,992.50
C982526105 WRIGLEY WM JR CO CAP
Acquisitions 5,500.00 304,568.33
Dispositions -7,500.00 415,236.16
C983024100 WYETH COM
Acquisitions 54,400.00 -2,253,043.99
Dispositions -55,125.00 2,339,810.36
Free Delivery -10,700.00
Free Receipt 10,700.00
C983919101 XILINX INC COM
Acquisitions 1,300.00 -29,844.88
Dispositions -1,300.00 32,521.51
CG98255105 XL CAP LTD SHS A
Acquisitions 15,050.00 -1,150,946.94
Dispositions -4,350.00 355,052.63
Free Delivery -5,800.00
Free Receipt 5,800.00
C98385X106 XTO ENERGY INC COM
Acquisitions 2,300.00 -47,561.19
Dispositions -3,933.33 92,386.78
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
86
5500 SUPPLEMENTAL SCHEDULES
01 JAN 03 - 31 DEC 03
* Schedule of Acquisitions & Dispositions
Cost of Proceeds of
Asset ID Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
C989390109 ZENITH NATL INS CORP COM
Acquisitions 2,200.00 -61,668.16
Dispositions -640.00 19,315.68
C98956P102 ZIMMER HLDGS INC COM
Acquisitions 10,500.00 -529,576.89
Dispositions -11,500.00 610,568.04
Free Delivery -9,000.00
Free Receipt 9,000.00
C989701107 ZIONS BANCORP COM
Acquisitions 600.00 -37,223.87
Dispositions -100.00 6,099.71
C989922109 ZOLL MED CORP COM
Acquisitions 3,395.00 -111,626.57
Dispositions -2,455.00 78,665.40
C98975F101 ZORAN CORP COM
Dispositions -2,190.04 39,454.01
Free Receipt 590.04
C336453105 1ST ST BANCORPORATION COM
Acquisitions 1,000.00 -27,795.00
Dispositions -850.00 22,294.12
C88579Y101 3M CO COM
Acquisitions 6,725.00 -731,273.71
Dispositions -15,525.00 1,440,522.56
Free Delivery -11,800.00
Free Receipt 11,800.00
C350865101 4 KIDS ENTMT INC COM
Acquisitions 1,400.00 -31,500.00
Dispositions -210.00 5,537.44
C65440K106 99 CENTS ONLY STORES COM
Acquisitions 1,730.00 -51,659.54
Dispositions -340.00 9,203.36
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
87
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 3
----------------------------------------------------------------------------
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE PLAN YEAR ENDED
DEC. 31, 2003
88
5500 SUPPLEMENTAL SCHEDULES
1 JAN 03 - 31 DEC 03
* 5% Report - Part A
Single Transaction in Excess of 5%
===================================================================================================================================
Purchase
Security Description / Asset ID Shares/Par Value Date Price Sale Price
-----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
Lease Expenses Current Value on
Rental Incurred Cost Transaction Date Net Gain/Loss
-----------------------------------------------------------------------------------------------------------------------------------
THERE ARE NO REPORTABLE TRANSACTIONS
NOTE: TRANSACTIONS ARE BASED ON THE 2002-12-31 VALUE (INCLUDING ACCRUALS) OF 1,370,298,109.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
89
5500 SUPPLEMENTAL SCHEDULES
1 JAN 03 - 31 DEC 03
* 5% Report - Part B
Series of Non-Security Transactions with Same Party in Excess of 5%
===================================================================================================================================
Purchase
Security Description / Asset ID Shares/Par Value Date Price Sale Price
-----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
Lease Expenses Current Value on
Rental Incurred Cost Transaction Date Net Gain/Loss
-----------------------------------------------------------------------------------------------------------------------------------
THERE ARE NO REPORTABLE TRANSACTIONS
NOTE: TRANSACTIONS ARE BASED ON THE 2002-12-31 VALUE (INCLUDING ACCRUALS) OF 1,370,298,109.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
90
5500 SUPPLEMENTAL SCHEDULES
1 JAN 03 - 31 DEC 03
* 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 1,263 334,715,168.09 0.00
Total sales 1,804 0.00 329,442,973.48
MFO FFTW FDS INC U S SHORT-TERM PORTFOLIO CUSIP: Total purchases 61 68,783,604.35 0.00
30242R105
Total sales 116 0.00 69,950,000.00
===================================================================================================================================
Lease Expenses Current Value of Asset
Rental Incurred Cost of Asset on Transaction
-----------------------------------------------------------------------------------------------------------------------------------
0.00 334,715,168.09 334,715,168.09
0.00 329,442,973.48 329,442,973.48
0.00 68,783,604.35 68,783,604.35
0.00 70,181,394.00 69,950,000.00
NOTE: TRANSACTIONS ARE BASED ON THE 2002-12-31 VALUE (INCLUDING ACCRUALS) OF 1,370,298,109.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
91
5500 SUPPLEMENTAL SCHEDULES
1 JAN 03 - 31 DEC 03
* 5% Report - Part D
Series of Transactions with Same Party in Excess of 5%
===================================================================================================================================
Purchase
Security Description / Asset ID Shares/Par Value Date Price Sale Price
-----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
Lease Expenses Current Value on
Rental Incurred Cost Transaction Date Net Gain/Loss
-----------------------------------------------------------------------------------------------------------------------------------
THERE ARE NO REPORTABLE TRANSACTIONS
NOTE: TRANSACTIONS ARE BASED ON THE 2002-12-31 VALUE (INCLUDING ACCRUALS) OF 1,370,298,109.00
NORTHERN TRUST Generated by Northern Trust from periodic data on 18 May 04
92
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 1, 2004
93
EXHIBIT INDEX
Exhibit
Number Description
------ -----------
23 Consent of Independent Registered Public Accounting Firm
94