Form 1120-RIC (1991)

Page 4

Balance Sheets Beginning of tax year End of tax year
Assets fa) {b) {c) @)
1 Cash .
2a Trade notes and accounts receivable . Zi
b Less allowance for bad debts . (
3 U.S. government obligations :
4 Tax-exempt securities (see instructions) .
5 Other current assets (attach schedule)
6 _ Loans to stockholders
7 Mortgage and real estate loans
8 Other investments (attach schedule) . L/
9a Buildings and other fixed depreciable assets Lp
b Less accumulated depreciation (
10 —_Land (net of any amortization) .
11a Intangible assets (amortizable only) Ve
b Less accumulated amortization {
12 Other assets (attach schedule). .
13 Total assets :
Liabilities and Stockholders’ Equity Vs
14 Accounts payable
15 — Mortgages, notes, bonds payable in less than 1 year
146 Other current liabilities (attach schedule) .
17 Loans from stockholders .
18 — Mortgages, notes, bonds payable in 1 year or more
19 — Other liabilities (attach schedule)
20 = =©Capital stock .
21 Paid-in or capital surplus
22 Retained earnings—Appropriated lattach schedule)
23 Retained earnings—Unappropriated ee
24 Less cost of treasury stock, ( ) (Co)
25 Total liabilities and stockholders’ equity
Schedule M Reconciliation of Income per Books With Income per Return
(The fund is not required to complete this schedule if the total assets on line 13, column (d), of Schedule L are less than $25,000.)
1 Net income per books 7 Income recorded on books this year
2 Federal income tax . not included on this return (itemize):
3 Excess of capital losses over capital g gains a Tax-exempt interest $
4 Income subject to tax not recorded on a”
books this year (itemize): 8 Deductions ‘on this return not charged
against book income this year (itemize):
- a Depreciation . . . .$...
5 Expenses recorded on books this year not b Dividends paid deduction
deducted on this return (itemize): (line 25, page 1)
a_ Depreciation .
b Expenses allocable to tax-exempt interest 9 Net capital gain from Schedule D
income (Form 1120), line 10 . :
© Section 4982 tax 10 Designated undistributed capital gains
d Travel and entertainment $ - from Form 2438, line 11.
44 Total of lines 7 through 10 .
42 Investment company taxable income
6_ Total of lines 1 through 5. (ine 26, page 1)—line 6 less line 11

‘Analysis of Unappropriated Retained Earnings per Books (line 23, Schedule L)

(The fund is not required to complete this schedule if the total assets on line 13, column (d), of Schedule L are less than $25,000.)

1
2
3

4

Balance at beginning of year
Net income per books a
Other increases (itemize): ......20..2.20--

Add lines 1, 2, and 3

5 Distributions: a Cash.
b Stock
© Property.

6 Other decreases (itemize): .

7 Add lines 5 and 6 .
8 Balance at end of year (line 4 less line 2,

‘US, GOVERNMENT PRINTING OFFICE: 1081.205:271


U.S. Income Tax Return for
Regulated Investment Companies

+1991, and ending

‘rom 1120-RIC

For calendar year 1991 or tax year beginning

Department of the Treasury
Internal Revenue Service

> Instructions are separate. See page 1 for’ Paperwork Reduction Act iotice,

OMB No. 1545-1010

1991

A Year RIC status was Name of fund
elected
Please - .
Type | Number, street, and room or suite no. (If a P.O. box, see page 4 of instructions.)
B Date fund was or
established Print -

City or town, state, and ZIP code

C Employer identification number

D Total assets (See instructions.)

$ |

E Check applicable boxes: (1) _L] Final return (2) []_ Change in address

(3) Amended return

F Check box if the fund is a PH company (Attach Sch. PH) or if it is not in compliance with Regs. sec. 1.852-

6 for this tax year

Part I—Investment Company Taxable Income

1 Dividends. 1
2 Interest - : 2
3 Net foreign currency gain or r (loss) from section 988 transactions (attach schedule) . 3
g 4 Payments with respect to securities loans (see instructions) . 4
8 5 Excess of net short-term capital gain over net long-term capital loss from Schedule D (Form
= 1120), line 9 (attach Schedule D (Form 1120)) . soe 5
6 Net gain or (loss) from Form 4797, Part Il, line 18 (attach ‘Form 4797) 6
7 Other income (see instructions—attach schedule) . toe 7
8 Total income. Add lines 1 through 7. . 8
9 Compensation of officers (Schedule E, line 2) rr)
10a Salaries and wages b Less jobs credit i | J c Balance » |[10¢
11 Rents . 4
12 Taxes . 12
13 Interest 13
14 Depreciation (attach Form 4562) . 14
@]15 Advertising . 15
8/16 Registration fees 16
8 17 Insurance. 17
8/18 Accounting and legal ¢ services . 18
49 Management and investment advisory fees . 19
20 Transfer agency, shareholder servicing, and custodian ‘fees and expenses . 20
21 Reports to shareholders . oe 21
22 Other deductions (attach schedule) . 22
23 Total deductions. Add lines 9 through 22 . 23
24 Taxable income before deduction for dividends paid (line 8 less line 23). 24
25 __Less: Deduction for dividends paid (Schedule A, line 5) _. 25
26 Investment company taxable income. Line 24 less line 25 26
27 ‘Total tax (Schedule J, line 9) . cone pyrene bey
28 Payments: a 1990 overpayment credited to 1991 | 28a V / Y
2] b 1991 estimated tax payments . .|28b
S| Less 1991 refund applied for on Form 4466 | 28c | ( )aBaty| 28d.
3 e Tax deposited with Form 7004 28e
5 f Credit from other regulated investment companies fattach ‘Form 2439) 28f
§| _g Credit for Federal tax on fuels (attach Form 4136) . 289 28h
|29 Estimated tax penalty (see page 3 of instructions). Check if Form 2220 is attached » OC [29
Fl30 Tax due. If the total of lines 27 and 29 is larger than line 28h, enter amount owed . 30
31 Overpayment. If line 28h is larger than the total of lines 27 and 29, enter amount overpaid. . 31
32__Enter amount of line 31 you want: Credited to 1992 estimated tax > |___ Refunded >» | 32
Under penalties of perjury, | declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge
Please and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign |
Here > Signature of officer Date > Titie
Preparer's > Date Cheek if selt Preparer’s social security no.
Paid signature ere : :
Preparer’s | Fins name (or yours EL No»
Use Only | if self-employed) >
and address ZIP code >

Cat. No. 641408,



Form 1120-RIC (1991)

Page 2

Part II—Tax on Undistributed Net Capital Gain Not Designated Under Section 852(b)(3)(D)

1 Net capital gain from Schedule D (Form 1120), line 10 (attach Schedule D (Form 1120))

1

2 Less: Capital gain dividends (do not include any amount reported on Form 2438, line 9b)

nD

3

3 Amount subject to tax. Line 1 less line 2 .

4 Capital gains tax. Enter 34% of line 3 here and on line 3b, Schedule J.

4

Biceiceaw Deduction for Dividends Paid (Do not include capital gain n dividends or exempt interest dividends.)

1 Dividends paid other than dividends paid after the end of the tax year (do not include dividends
considered paid in the preceding tax year under section 852(b)(7) or 855(2), or deficiency
dividends as defined in section 860)

2. Dividends paid in the 12-month period following the close of} your tax year which | you elect to
treat as paid during the tax year under section 855(a)

2

3 Dividends declared in October, November, or December deemed paid on | December ‘31 “under
section 852(b)(7). (See instructions.)

3

4 Consent dividends. (attach Forms 972 and 973)

4

Deduction for dividends paid. Add lines 1 through 4. Enter here and on line 25, page 1

5

Schedule B Information Required With Respect to Income From Tax-Exempt Obligations

Did the fund qualify under section 852(b)(5) to pay exempt-interest dividends for 1991? .
If “Yes,” complete lines 1 through 4:

.O Yes 1 No

1 Amount of interest excludible from gross income under section 103(a) .
2 Amounts disallowed as deductions under sections 265 and 171(a)(2)

3 Net income from tax-exempt obligations. Line 1 less line 2.

4 Amount of line 3 designated as exempt-interest dividends .

Seicctice=§ Compensation of Officers (See instructions for Tine 9, page 1 7
Complete Schedule E only if total receipts are $500,000 or more.

(c) Percent of (d) Percent of
time devoted to fund's stock
business owned

(b) Social security
(a) Name of officer number

(e) Amount of
compensation

% %

% %

2 Total compensation of officers. Enter here and online 9, pagel... ...... 2
FSchedule J fl Tax Computation

1 Check if the fund is a member of a controlled group (see sections 1561 and 1563). . & oO
2_ If the box on line 1 is checked:
a Enter the fund’s share of the $50,000 and $25,000 taxable income bracket amounts (in that
order):
@ Is | (i |S | J

b Enter the fund’s share of the additional 5% tax (not to exceed
$11,750)... - cee hm ST
3a Tax on investment company taxable income re (S08 instructions to figure
the tax)... a

bTaxfromiine4,Patil. 2... LB
¢ Total. Add lines 3a and 3b

4a Foreign tax credit (attach Form 1118)... . 4a
b General business credit. Enter here and check which forms 2 are ‘attached:
O Form 3800 (] Form 3468 (1) Forms5884 () Form 6478
0 Form 6765 (1) Formss86 (1) Formss30 C1 Formse26 | 4b

c¢ Credit for prior year minimum tax (attach Form 8827) . . . . . 4c
d Total. Add lines 4a through 4c

Line 3c less line 4d .

Personal holding company tax (attach ‘Schedule PH (Form 1120).

Recapture taxes. Check if from: Form 4255 [1] Form 8611.

Alternative minimum tax (attach Form 4626) (See Instructions.)

ODINAAH

Total tax. Add lines 5 through 8. Enter here and on line 27, page 1_.

eo |00 | Jom on



Form 1120-RIC (1991)
Schedule K Other Information (See Page 8 of instructions.)

Page 3

lYes| No

Check method of accounting:
a O Cash
O Accrual
ec CO Other (specify) >.

o

2 Did the fund at the end of the tax year own, directly or indirectly, 50% or more of the voting stock of a domestic

corporation? (For rules of attribution, see section 267(c).) .

If “Yes,” attach a schedule showing: (a) name, address, and identifying number; () percentage owned: and ©) taxable
income or (loss) before NOL and special deductions of such corporation for the tax year ending with or within your
tax year.

3 Did any individual, partnership, corporation, estate, or trust at the end of the tax year own, directly or indirectly, 50%

or more of the fund’s voting stock? (For rules of attribution, see section 267(c).) If “Yes,” complete
aand b. : woe ee

a Attach a schedule showing ni name, ‘address, ‘and identifying number.

b Enter percentage owned >

4 Did one foreign person (See instructions for definition) at any time during the tax year own at least 25% of:

a the total voting power of all classes of stock of the fund entitled to vote, or
b the total value of all classes of stock of the fund?

If “Yes,” the fund may have to file Form 5472.

If “Yes,” enter owner's country(ies) P ................22-.-2----

Enter number of Forms 5472 attached >

5 Was the fund a U.S. shareholder of any controlled foreign corporation? (See sections 951 and 957.)

If “Yes,” attach Form 5471 for each such corporation.
Enter number of Forms 5471 attached P -..............--.--------

6 At any time during the tax year, did the fund have an interest in or a signature or other authority over a financial

account in a foreign country (such as a bank account, securities account, or other financial account)?.
(See instructions for more information including filing requirements for Form TD F 90-22.1)
If “Yes,” enter name of foreign country >

7 Was the fund the grantor of, or transferor to, a foreign trust that existed during the current tax year, whether or not

the fund has any beneficial interest in it?
If “Yes,” the fund may have to file Forms 3520, 3520+ A, or / 926.

8 During this tax year, did the fund pay dividends (other than stock dividends and distributions in exchange for stock)

10

1

in excess of the fund’s current and accumulated earnings and profits? (See sections 301 and 316.).
If “Yes,” file Form 5452.

Check this box if the fund issued publicly offered debt instruments with original issue discount. . . . . . Oo
If so, the fund may have to file Form 8281.

Enter the amount of tax-exempt interest received or accrued during the tax year Pe o.........0.-.eeeceeeeeeeeeeeeeeee

If this return is being filed for a series fund (as defined in section 851(h)(2)), please complete a and b:
a Name of regulated investment company in which the fund is a series >

b Date such regulated investment company was incorporated or organized P __.

12 Section 853 election—Check this box if the fund meets the requirements of section 853(a) and elects to pass

13

through the deduction or credit for foreign taxes it paid to its shareholders. See Regulations section 1.853-4(a)
for additional requirements

Regulations section 1.852-11 election—Check this box if, for purposes of computing its taxable income, the
fund elects to defer all or part of its post-October capital loss or post-October currency loss for this tax year Oo
If the election is made, enter the amounts deferred:

a Post-October capital loss P _......-. 2.2.22... 22022 222 ee eee eee eee

b Post-October currency loss P ...............................