<PAGE>   1

                                                                   EXHIBIT 10(d)

                                   FORM 11-K

                                 ANNUAL REPORT

                        PURSUANT TO SECTION 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

(MARK ONE:)
 [X]     ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE
         ACT OF 1934 (FEE REQUIRED) 
         FOR THE FISCAL YEAR ENDED DECEMBER 31, 1994

 [ ]     TRANSACTION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 (FEE REQUIRED) 
         FOR THE TRANSITION PERIOD FROM       TO       

COMMISSION FILE NUMBER: 1-4014

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

                      AMDEL INC. EMPLOYEE INVESTMENT PLAN

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

                                   FINA, INC.
               (FORMERLY NAMED AMERICAN PETROFINA, INCORPORATED)
                                   FINA PLAZA
                           8350 N. CENTRAL EXPRESSWAY
                              DALLAS, TEXAS 75206
<PAGE>   2
                      AMDEL INC. EMPLOYEE INVESTMENT PLAN

                FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES

                           DECEMBER 31, 1994 AND 1993

                  (WITH INDEPENDENT AUDITORS' REPORT THEREON)
<PAGE>   3
                         [Peat Marwick LLP Letterhead]

                          INDEPENDENT AUDITORS' REPORT

The Plan Committee
Amdel Inc. Employee Investment Plan:

    We have audited the accompanying statements of net assets available for
plan benefits of the Amdel Inc. Employee Investment Plan as of December 31,
1994 and 1993 and the related statements of changes in net assets available for
plan benefits for the years then ended. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.

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

    In our opinion, the financial statements referred to above present fairly,
in all material respects, the net assets available for plan benefits of the
Amdel Inc. Employee Investment Plan as of December 31, 1994 and 1993, and the
changes in net assets available for plan benefits for the years then ended in
conformity with generally accepted accounting principles.

    Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment and reportable transactions 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 schedules have been
subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the basic financial statements taken as a whole.
         
                                                     /s/ KPMG PEAT MARWICK LLP
                                                         KPMG Peat Marwick LLP

Dallas, Texas
March 31, 1995
<PAGE>   4
                     AMDEL INC. EMPLOYEE INVESTMENT PLAN

              STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                           DECEMBER 31, 1994 AND 1993

<TABLE>
<CAPTION>
                                                                                                                                    
                                                                                                     FINA, INC.      U.S. TREASURY 
                                                                                        TOTAL       COMMON STOCK      OBLIGATIONS  
                                                                                      ---------     ------------     -------------
<S>                                                                                   <C>            <C>               <C>         
December 31, 1994:                                                                                                                 
 Investments, at fair value:                                                                                                       
    FINA, Inc., Class A common stock (4,755 shares;                                                                                
       cost of $333,015)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   $  325,123      325,123                 -     
    The Boston Company Intermediate Government Securities Fund                                                                      
        (17,414 shares; cost of $224,171) . . . . . . . . . . . . . . . . . . . . .      207,050            -           207,050     
    Money market investments  . . . . . . . . . . . . . . . . . . . . . . . . . . .    1,760,491        4,439                 -     
 Cash   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        7,601            1                 -    
 Interest receivable  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        8,124           44                 -     
 Contributions receivable from employees  . . . . . . . . . . . . . . . . . . . . .       52,983        6,537             2,909     
 Contributions receivable from employing companies  . . . . . . . . . . . . . . . .       41,006        5,220             2,689     
                                                                                      ----------      -------           -------     
     Plan assets  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    2,402,378      341,364           212,648     
 Forfeitures available for future use . . . . . . . . . . . . . . . . . . . . . . .       (7,635)           -                 -     
 Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       (4,678)      (4,386)              (31)   
                                                                                      ----------      -------           -------     
       Net assets available for plan benefits . . . . . . . . . . . . . . . . . . .   $2,390,065      336,978           212,617     
                                                                                      ==========      =======           =======     
                                                                                                                                   
December 31, 1993:                                                                                                                 
 Investments, at fair value:                                                                                                       
    FINA, Inc., Class A common stock (4,631 shares; 
       cost of $320,833)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   $  318,381      318,381                 -     
    The Boston Company Intermediate Government Securities Fund                                                                      
        (14,458 shares; cost of $186,165)   . . . . . . . . . . . . . . . . . . . .      189,981            -           189,981     
    Money market investments  . . . . . . . . . . . . . . . . . . . . . . . . . . .    1,605,572       11,200                 -
 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          851            -               850     
 Interest receivable  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        4,369           36                 -     
 Contributions receivable from employees  . . . . . . . . . . . . . . . . . . . . .       49,688        6,378             2,730     
 Contributions receivable from employing companies  . . . . . . . . . . . . . . . .       38,941        5,169             2,527     
                                                                                      ----------      -------           -------     
        Plan assets.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    2,207,783      341,164           196,088     
 Forfeitures available for future use.  . . . . . . . . . . . . . . . . . . . . . .       (7,333)           -                 -     
 Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         (850)           -              (850)    
                                                                                      ----------      -------           -------     
        Net assets available for plan benefits  . . . . . . . . . . . . . . . . . .   $2,199,600      341,164           195,238     
                                                                                      ==========      =======           =======     
<CAPTION>
                                                                                       TBC POOLED      RETIREMENT  
                                                                                        EMPLOYEE         MONEY          COMPANY
                                                                                          FUND        MARKET FUND     FORFEITURES
                                                                                       ----------     -----------     -----------
<S>                                                                                   <C>                   <C>       <C>
December 31, 1994:                                                                                                 
 Investments, at fair value:                                                                                       
    FINA, Inc., Class A common stock (4,755 shares;                                                                
       cost of $333,015)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -             -               -
    The Boston Company Intermediate Government Securities Fund                                                        
        (17,414 shares; cost of $224,171) . . . . . . . . . . . . . . . . . . . . .           -             -               -
    Money market investments  . . . . . . . . . . . . . . . . . . . . . . . . . . .   1,756,052             -               -
 Cash   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -             -           7,600
 Interest receivable  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       8,045             -              35
 Contributions receivable from employees  . . . . . . . . . . . . . . . . . . . . .      43,537             -               -
 Contributions receivable from employing companies  . . . . . . . . . . . . . . . .      33,097             -               -
                                                                                      ---------        --------       --------
     Plan assets  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1,840,731             -           7,635
 Forfeitures available for future use . . . . . . . . . . . . . . . . . . . . . . .           -             -          (7,635)
 Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        (261)            -               -
                                                                                      ---------        ---------      --------
       Net assets available for plan benefits . . . . . . . . . . . . . . . . . . .   1,840,470             -               -
                                                                                      =========        =========      ========      
                                                                                                                   
December 31, 1993:                                                                                                 
 Investments, at fair value:                                                                                       
    FINA, Inc., Class A common stock (4,631 shares; cost of                                                          
       $320,833)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -             -               -
    The Boston Company Intermediate Government Securities Fund                                                        
       (14,458 shares; cost of $186,165)  . . . . . . . . . . . . . . . . . . . . .           -             -               -
    Money market investments  . . . . . . . . . . . . . . . . . . . . . . . . . . .   1,587,053             -           7,319
 Cash   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           1             -               -
 Interest receivable  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       4,319             -              14
 Contributions receivable from employees  . . . . . . . . . . . . . . . . . . . . .      40,580             -               -
 Contributions receivable from employing companies  . . . . . . . . . . . . . . . .      31,245             -               -
                                                                                      ---------         -------      ---------
        Plan assets.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1,663,198             -           7,333
 Forfeitures available for future use.  . . . . . . . . . . . . . . . . . . . . . .           -             -          (7,333)
 Amounts due others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -             -               -
                                                                                      ---------         -------      ---------
        Net assets available for plan benefits  . . . . . . . . . . . . . . . . . .   1,663,198             -               -
                                                                                      =========         =======      =========
</TABLE>

                See accompanying notes to financial statements.
<PAGE>   5
                      AMDEL INC. EMPLOYEE INVESTMENT PLAN

        STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
                     YEARS ENDED DECEMBER 31, 1994 AND 1993

<TABLE>
<CAPTION>
                                                                                                                                  
                                                                                                     FINA, INC.    U.S. TREASURY 
                                                                                          TOTAL     COMMON STOCK    OBLIGATIONS  
                                                                                      ----------    ------------   -------------
<S>                                                                                     <C>           <C>            <C>
Year ended December 31, 1994:                                                                                   
  Allotments and contributions:                                                                                                     
    Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . .      $  516,059     55,689           32,241     
    Additional allotments by employees  . . . . . . . . . . . . . . . . . . . . . .         150,557     24,304            3,829     
    Contributions by employing companies  . . . . . . . . . . . . . . . . . . . . .         516,059     63,561           33,176    
                                                                                         ----------    -------          -------     
                                                                                          1,182,675    143,554           69,246     
                                                                                         ----------    -------          -------     
  Investment income (loss):                                                                                                       
    Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          24,936     14,117           10,819     
    Interest  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          58,774          -                -     
    Other expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          (2,525)         -             (280)    
    Net depreciation in fair values of investments  . . . . . . . . . . . . . . . .         (25,914)    (7,000)         (18,914)    
                                                                                         ----------    -------          -------     
                                                                                             55,271      7,117           (8,375)    
                                                                                         ----------    -------          -------
  Withdrawals:                                                                                                                      
    In cash and in kind  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      1,047,481    154,782           43,052     
    Forfeitures  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              -          -                -
                                                                                         ----------    -------          -------    
                                                                                                  -          -                - 
                                                                                         ----------    -------          -------
                                                                                          1,047,481    154,782           43,052     
                                                                                         ----------    -------          -------     
  Transfers among funds  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              -        (75)            (440)    
                                                                                         ----------    -------          -------   
            Net increase (decrease) in net assets available for plan benefits . . . .       190,465     (4,186)          17,379     
  Net assets available for plan benefits:
    Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     2,199,600    341,164          195,238     
                                                                                         ----------    -------          -------     
    End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    $2,390,065    336,978          212,617     
                                                                                         ==========    =======          =======     
Year ended December 31, 1993:                                                                                                       
  Allotments and contributions:                                                                                                     
    Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . . .    $  489,501     51,975           31,963    
    Additional allotments by employees  . . . . . . . . . . . . . . . . . . . . . . .       129,714     23,049            3,803     
    Contributions by employing companies  . . . . . . . . . . . . . . . . . . . . . .       501,496     72,252           32,141     
                                                                                         ----------    -------          -------     
                                                                                          1,120,711    147,276           67,907     
                                                                                         ----------    -------          -------    
  Investment income (loss):                                                                                                        
    Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        23,562     14,254            9,308     
    Interest  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        40,784        249                -     
    Other income (expense)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        (7,595)     3,878                -   
    Net appreciation in fair values of investments  . . . . . . . . . . . . . . . . .        49,059     44,939            4,120   
                                                                                         ----------    -------          -------     
                                                                                            105,810     63,320           13,428     
                                                                                         ----------    -------          -------     
  Withdrawals:                                                                                                                      
    In cash and in kind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       944,494    161,822           55,667     
    Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         7,250      2,020                -     
                                                                                         ----------    -------          -------     
                                                                                            951,744    163,842           55,667     
                                                                                         ----------    -------          -------     
  Transfers among funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -          -                -  
                                                                                         ----------    -------          -------
        Net increase (decrease) in net assets available for plan benefits   . . . . .       274,777     46,754           25,668 
  Net assets available for plan benefits:                                                                                           
    Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     1,924,823    294,410          169,570     
                                                                                         ----------    -------          -------     
    End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    $2,199,600    341,164          195,238     
                                                                                         ==========    =======          =======     
<CAPTION>                                                                                                                      

                                                                                     TBC POOLED      RETIREMENT  
                                                                                      EMPLOYEE         MONEY           COMPANY
                                                                                        FUND        MARKET FUND      FORFEITURES
                                                                                     ----------     -----------      -----------
<S>                                                                                  <C>             <C>               <C>
Year ended December 31, 1994:                                                                                        
  Allotments and contributions:                                                                                      
    Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . .     428,129               -                -
    Additional allotments by employees  . . . . . . . . . . . . . . . . . . . . . .     122,424               -                -
    Contributions by employing companies  . . . . . . . . . . . . . . . . . . . . .     419,322               -                -
                                                                                      ---------        -----------      -----------
                                                                                        969,875               -                -
                                                                                      ---------        -----------      -----------
  Investment income (loss):                                                                                          
    Dividends   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -               -                -
    Interest  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      58,774               -                -
    Other expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      (2,245)              -                -
    Net depreciation in fair values of investments  . . . . . . . . . . . . . . . .           -               -                -
                                                                                      ---------        -----------      -----------
                                                                                         56,529               -                -
                                                                                      ---------        -----------      -----------
  Withdrawals:                                                                                                       
    In cash and in kind   . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     849,647               -                -
    Forfeitures   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -               -                -
                                                                                      ---------        -----------      -----------
                                                                                        849,647               -                -
                                                                                      ---------        -----------      -----------
  Transfers among funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         515               -                -
                                                                                      ---------        -----------      -----------
        Net increase (decrease) in net assets available for plan benefits . . . . .     177,272               -      
  Net assets available for plan benefits:
    Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1,663,198               -                -    
                                                                                      ---------        -----------      -----------
    End of year   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1,840,470               -                -    
                                                                                      =========       ============     ============
Year ended December 31, 1993:                                                                                        
  Allotments and contributions:                                                                                 
    Basic allotments by employees . . . . . . . . . . . . . . . . . . . . . . . . .     405,563               -                -    
    Additional allotments by employees  . . . . . . . . . . . . . . . . . . . . . .     102,862               -                -    
    Contributions by employing companies  . . . . . . . . . . . . . . . . . . . . .     397,103               -                -    
                                                                                      ---------        -----------      -----------
                                                                                        905,528               -                -  
                                                                                      ---------        -----------      -----------
  Investment income (loss):                                                                                      
    Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -               -                -
    Interest  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      40,535               -                -
    Other income (expense)  . . . . . . . . . . . . . . . . . . . . . . . . . . . .     (11,473)              -                - 
    Net appreciation in fair values of investments  . . . . . . . . . . . . . . . .           -               -                -    
                                                                                      ---------        -----------      -----------
                                                                                         29,062               -                -    
                                                                                      ---------        -----------      -----------
  Withdrawals:                                                                                                     
    In cash and in kind   . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     727,005               -                - 
    Forfeitures   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       5,230               -                - 
                                                                                      ---------        -----------      -----------
                                                                                        732,235               -                -    
                                                                                      ---------        -----------      -----------
  Transfers among funds                                                               1,460,843         (1,460,843)            - 
                                                                                      ---------         -----------      ----------
         Net increase (decrease) in net assets available for plan benefits. . . . .   1,663,198         (1,460,843)            -    
  Net assets available for plan benefits: 
    Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           -          1,460,843             -
                                                                                      ---------         ----------      -----------
    End of year   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1,663,198               -                -
                                                                                      =========         ==========      ===========
</TABLE>

                 See accompanying notes to fmancial statements.
                                                                               
<PAGE>   6


                      AMDEL INC. EMPLOYEE INVESTMENT PLAN

                         NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 1994 AND 1993

(1)  GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  (a) General

     The Amdel Inc. Employee Investment Plan (the Plan) operates for the
benefit of certain employees of American Petrofina Pipe Line Company and
certain employees of Fina Oil and Chemical Company (FOCC), both of which are
wholly-owned subsidiaries of FINA, Inc. and are hereafter referred to as
"employing companies."

     The Plan is a defined contribution plan covering certain full-time
employees of the employing companies who have completed six months of service.
The Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974, as amended (ERISA). The following description of the Plan
reflects all Plan amendments and is provided for general purposes only.
Participants should refer to the Plan document for more complete information.

     The Plan is administered by the Committee appointed by and acting on
behalf of the Board of Directors of FOCC.  Pursuant to the Plan's trust
agreement, an independent trustee (Trustee) maintains custody of the Plan's
assets. The Boston Safe Deposit and Trust Company serves as the Trustee.

  (b) Basis of Presentation

     The accompanying financial statements of the Plan have been prepared on an
accrual basis using fair values for investments. The fair values of investments
are based on closing market quotations or listed redeemable values. Security
transactions are recorded on a trade date basis.

  (c) Expenses Relating to Investment Securities

     Expenses relating to the purchase or sale of investment securities are
added to the cost or deducted from the proceeds, respectively.

  (d) Expenses of Administering the Plan

     All costs and expenses incurred in administering the Plan, including the
fees and expenses of the Trustee, the fees of its counsel and other
administrative expenses, are the responsibility of the employing companies
through June 30, 1994. Beginning July 1, 1994 all Trustee's and record keeping
costs and expenses incurred in administering the Plan are the responsibility of
the Plan's participants.

  (e) Contributions

     Participants may elect to contribute up to 10% of their basic compensation
to the Plan. The employing company will contribute an amount equal to the
lesser of the amount contributed by the participant or 5% of the participant's
basic compensation. Employing company contributions are reduced by
participants' forfeitures.

  (f) Investment Program and Vesting

     The Trustee of the Plan by law retains responsibility for the investments
of the Plan. Consistent with the fiduciary standards of ERISA, safeguards are
adhered to in protecting the interests of Plan participants and their
beneficiaries.

     A participant may direct the proportions of his or her allotments,
employer contributions, and any earnings received by the Trustee for his or her
account into a money market fund, government securities fund, or the Class A
common stock of FINA, Inc. In the absence of direction, all amounts will be
held in cash
<PAGE>   7
                      AMDEL INC. EMPLOYEE INVESTMENT PLAN

                  NOTES TO FINANCIAL STATEMENTS - (Continued)

without interest. Participants become completely vested in contributions of the
employing companies upon five years of service with the employing company.

  A description of such rights and provisions and an explanation of the
treatment of forfeitures and other matters are contained in the Plan document.

  Participation in each investment option at December 31, 1994 and 1993 is
presented below. The sum of participation by investment option is greater than
the total number of Plan participants because participation is allowed in more
than one option.

  A summary of participants by investment options follows:

<TABLE>
<CAPTION> 
                                         1994     1993 
                                         ----     ---- 
 <S>                                     <C>      <C>  
                                                       
 FINA, Inc. Class A common stock. . . .    54      39  
 Government securities fund . . . . . .    28      23  
 Money market fund  . . . . . . . . . .   230     108  
</TABLE>

  (g)  Withdrawals

  A participant may withdraw securities and cash attributable to his or her
allotments at any time. Withdrawal of any part of the amounts attributable to
the employing companies' contributions, except on retirement under the Amdel
Inc. Noncontributory Retirement Plan, death or disability, is contingent upon
completion of five years of service. Any amounts not eligible for withdrawal
due to employee termination are forfeited and applied to reduce subsequent
employing companies' contributions. In certain circumstances, amounts forfeited
may be restored to terminated employees who are subsequently reemployed
provided they repay the amount previously withdrawn or distributed.

  Withdrawals in cash and in kind in the accompanying financial statements
represent the fair value of the assets at date of distribution.

  (h)  Form 5500 Reconciliation

  The net assets available for plan benefits and withdrawals reported in the
Plan's Form 5500 are different from the corresponding amount reported in the
accompanying fmancial statements by $752,554 and $47,611, respectively, as of
and for the year ended December 31, 1994 and $800,165 and ($39,547),
respectively, as of and for the year ended December 31, 1993. These differences
relate to the classification of withdrawals currently payable to participants.

(2)  FEDERAL INCOME TAXES

  The Plan has obtained from the Internal Revenue Service a determination
letter indicating that the Plan qualifies under the provisions of Section 
401(a) of the Internal Revenue Code and, accordingly, is exempt from Federal
income taxes under Section 501(a). The United States Federal income tax status
of the participants with respect to their contributions to the Plan is
described in information submitted to the participants and subject to certain
limitations.

 During 1994, a new Plan document was submitted to the Internal Revenue Service
for determination of its exception of Federal Income taxes under section 501(a).
A favorable determination letter is expected from the Internal Revenue Service 
for the new plan document.

(3)  PLAN TERMINATION

  Although they have not expressed any intent to do so, the employing companies
have the right under the Plan to discontinue their contributions at any time
and to terminate the Plan subject to the provisions of ERISA. In the event of
Plan termination, participants will become 100% vested in their accounts.

                                       2
<PAGE>   8
                                                                      SCHEDULE I
                       AMDEL INC EMPLOYEE INVESTMENT PLAN

          ITEM 27(A) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
                               DECEMBER 31, 1994

<TABLE>
<CAPTION>
                                                                       NUMBER OF                       CURRENT
IDENTITY OF MARKETABLE INVESTMENT   DESCRIPTION OF INVESTMENT        SHARES/UNITS        COST           VALUE
---------------------------------   --------------------------       ------------        ----         ---------
                                                                     (IN THOUSANDS EXCEPT PER SHARE/UNIT AMOUNTS)
<S>                                <C>                               <C>              <C>             <C>
FINA, Inc. Class A common stock    Common Stock                          4,755         $ 333,015       $ 325,123

The Boston Company Intermediate
 Government Securities Fund . .    Government Securities                17,414           224,171         207,050
                                                                                   
TBC Inc. Pooled Employee Daily
  Liquidity Fund  . . . . . . .    Money Market Fund                 1,760,491         1,760,491       1,760,491
                                                                                      ----------      ----------
                                                                                      $2,317,677      $2,292,664
                                                                                      ==========      ==========
</TABLE>

                 See accompanying independent auditors' report.
<PAGE>   9
                                                                     SCHEDULE 2

                      AMDEL INC. EMPLOYEE INVESTMENT PLAN

                ITEM 27(D) - SCHEDULE OF REPORTABLE TRANSACTIONS
                          YEAR ENDED DECEMBER 31, 1994


<TABLE>
<CAPTION>
                                                                                                      CURRENT VALUE
                                                                                                       OF ASSET ON
                                       NUMBER OF       PURCHASE            SELLING       COST OF       TRANSACTION        NET
        DESCRIPTION OF ASSET         TRANSACTIONS        PRICE              PRICE         ASSET            DATE          (LOSS)
        --------------------         ------------     ----------         -----------   -----------    --------------    --------
<S>                                     <C>           <C>                <C>            <C>            <C>              <C>
Purchases:
  FINA, Inc. Class A
    common stock  . . . . . . . .         15            $  134,236        $        -    $  134,236     $  134,236       $    -   
  TBC Inc. Pooled Employee Daily
    Liquidity Fund  . . . . . . .         69             1,857,042                 -     1,857,042      1,857,042            -
Sales:
  FINA, Inc. Class A 
    common stock  . . . . . . . .          1                     -            33,246        33,878         33,246         (632)
  TBC Inc. Pooled Employee Daily
    Liquidity Fund  . . . . . . .         44                     -         1,694,523     1,694,523      1,694,523            -
</TABLE>

                See accompanying independent auditors' report.
<PAGE>   10
                         [Peat Marwick LLP Letterhead]

                        CONSENT OF INDEPENDENT AUDITORS

The Plan Committee
Amdel Inc. Employee Investment Plan:

     We consent to incorporation by reference in the Registration Statement (No.
2-49321) on Form S-8 of FINA, Inc. of our report dated March 31, 1995, relating
to the statements of net assets available for plan benefits of the Amdel Inc.
Employee Investment Plan as of December 31 1994 and 1993, and the related
statements of changes in net assets available for plan benefits for the years
then ended, and the related supplemental schedules, which report appears in the
December 31, 1994 annual report on Form 11-K of the Amdel Inc. Employee
Investment Plan.
                                                       /s/ KPMG PEAT MARWICK LLP
                                                           KPMG Peat Marwick LLP

Dallas, Texas
March 31, 1995
<PAGE>   11
                                   SIGNATURES

  The Plan. 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.

                                      
                                  AMDEL INC.
                           EMPLOYEE INVESTMENT PLAN

                            /s/ CULLEN M. GODFREY
                      ---------------------------------
                               Cullen M.Godfrey
                        Vice President, Secretary and
                      General Counsel of the Registrant


Dated: April 25, 1995