Form 1120-RIC (1989)

Page 4

Sy Balance Sheets

Beginning of tax year

End of tax year

Assets

a)

(b) (c)

@

1 Cash
2a Trade notes and accounts receivable .

7/

b Less allowance for bad debts

Ms

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)

9a Buildings and other fixed depreciable assets

Mh

b Less accumulated depreciation
10 Land (net of any amortization) .

Mh

lla Intangible assets (amortizable only) .
b Less accumulated amortization

12 Other assets (attach schedule)
13 Totalassets .

Liabilities and Stockholders’ a
14 Accounts payable
15 Mortgages, notes, bonds payable in less than 1 year

16 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 (attach schedule)
23 Retained earnings—Unappropriated

24 Less cost of treasury stock .

25 Total liabilities and stockholders’ equity

( )

Schedule M-1

Reconciliation of Income per Books With Income per Return
(You are not required to complete this schedule if the total assets on line 13, column (d), of Schedule L at

re less than $25,000.)

1 Netincome per books .

7 Income recorded on books this year not

2 Federal income tax .

included on this return (itemize):

3 Excess of capital losses over capital gains -

a Tax-exempt interest $ __._....-..---

4 Income subject to tax not recorded on books
this year (itemize): ______.._..------------

8 Deductions on this return not charged
against book income this year (itemize):

a Depreciation .$ ___.

b Dividends paid deduction (line 25,

5 Expenses recorded on books this year not
deducted on this return (itemize):
a Depreciation » $l.
b Expenses allocable to tax-exempt interest
income . . ary
¢ Section 4982 tax. .$
d Travel and entertainment $

pagel). . .$

9 Net capital gain from Schedule D (Form
1120), line 10
10 Designated undistributed capital gains
from Form 2438, line 11 .
11 Total of lines 7 through 10 .
12 Investment company taxable income

6 Totaloflines 1through5 .

(line 26, page 1)—line 6 less line 11

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

(You are not required to complete this schedule if the total assets on line 13, column (d), of Schedule La

re less than $25,000.)

5 Distributions: a Cash

1 Balance at beginning of year .
2 Netincome per books .

b Stock .

3 Other increases (itemize): _

c Property .
6 Other decreases (itemize):

7 Total of lines 5 and 6

4 Total oflines 1, 2, and 3

8 Balance at end of year (line 4 less line 7)



rom 1120-RIC

U.S. Income Tax Return for OMB No. 1545-1010

Regulated Investment Companies
Department of the Treasury | For calendar year 1989 or tax year beginning 989, ending a I 9) 8 9
Internal Revenue Service > See sep: ns.
A Year RiCstatus was Name of fund € Employer identification number
elected
Please
Type Number and street (or P.O. box number if mail is not delivered to street address) D Total assets (see Specific
B Date fund was, or Instructions)
established Print | City or town, state, and ZIP code
$ |
E Check applicable boxes: (@) Dl Finalreturn (2) CJ Change inaddress (3) LJ Amended return
F Check this box if the fund is a personal holding company or is not in compliance with Regulations section 1.852-6 forthistaxyear. . - + oO
Part |—Computation of Investment Company Taxable Income
1 Dividends . 1
2 Interest . 2
3 Net foreign currency /gain (or loss) from section 988 transactions (attach ‘schedule) 3
€| 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)) . 5
6 Net gain (or loss) from Form 4797, Part Il, line 18 (attach Form '4797) 6
7 Other income (see instructions—attach schedule) . 7
8 Total income—Add lines 1 through 7 . 8
9 Compensation of officers (Schedule E). Soe Coe ee ee LY
10a Salaries and wages b Less obs credit | || ¢ Balance m [10¢
11 Rents il
12 Taxes 12
13 Interest 13
14 Depreciation (attach Form 4562) 14
2|15 Advertising 15
2/16 Registration fees 16
3 17 Insurance . 17
8|18 Accounting and legal services 18
19 Management and investment advisory fees 19
20 Transfer agency, shareholder servicing, and custodian fees and expenses... .... . | 20
21 Reports to shareholders 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
Tax and Payments
27 Total tax (Schedule J, line 9) . . rs oy A
28 Payments: a 1988 overpayment credited to 1989 | 28a if] ]// fi]§
b 1989 estimated tax payments . . . |28b
¢ Less 1989 refund applied for on Form 4466 |28c | ( {a Balm] 28d
e Tax deposited with Form 7004 28e
f Credit from other regulated investment companies ss (attach ‘Form 2439) 28f
g Credit for Federal tax on fuels (attach Form 4136) . . . . (28g 28h
29 Enter any penalty for underpayment of estimated tax—check > (1 ifForm 2220is attached (29
30 Tax due—if the total of lines 27 and 29 is larger than line 28h, enter amountowed . . . . . [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 1990 estimated tax > [_ Refunded > | 32
Under penalties of perjury, I declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
Please belief, itis 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 » Title
Paid Pepa > Date Checkit 2 Preparer's sees ecoty number
Preparet’s  —Fimvsname(or Setempioyed —
Use Only yours if self-employed) » El.No,
and address ZIP code >

For Paperwork Reduction Act Notice, see page 1 of the instructions.

Form 1120-RIC (1989)


Form 1120-RIC (1989)

Page 2

Part II—Computation of 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) . 2
3 Amount subject to tax—Line 1 less line 2 toe Soe ee 3
4 Capital gains tax—Enter 34% of line 3 here and on line 3b, Schedule J . 4

SauCiczaM Deduction for Dividends Paid (Do not include capital gain ‘dividends o or exempt interest dividends.)

1 Dividends paid other than dividends paid after the end of the tax year (do not include dividends con-
sidered as paid in the preceding tax year under section 852(0)(7) 0 or 8550), or deficiency dividends as
defined in section 860) .

1

2 Dividends paid in 12-month period following the close of your tax year F which you elect to be treated as

paid during the tax year under section 855(a) . 2
3 Dividends declared in October, November, or December deemed paid on m1 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 o 5
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 1989? a -C1Yes [] No
If your answer to the above question is “Yes,” complete lines 1 through 4:
1 Amount of interest excludible from gross income under section 103(a) . 1
2 Amounts disallowed as deductions under sections 265 and 171(a)(2) 2
3 Net income from tax-exempt obligations—Line 1 less line 2 3
4_ Amount of line 3 designated as exempt-interest dividends 4

Compensation of Officers (See instructions for Tine ‘9, page T. y
Complete Schedule E only if total receipts are $500,000 or more.

(c) Percent of (a) Percent of fund's
(a) Name of officer (b) Social security number| time devoted to stock owned (e) Amount of compensation
business
% %
% %
% %
% %
Total compensation of officers—Enter here and on line 9, page 1 .

Siem Tax Computation

1 Check if you are a member of a controlled group (see sections 1561and 1563). . . . . 1 > Oo
2 Ifthe box on line 1 is checked:
a Enter your share of the $50,000 and $25,000 taxable income bracket amounts (in that order):

w Is i (i |s
b Enter your share of the additional 5% tax (not to exceed $11,750) . . 1m s |
3a Tax on investment company taxable income (see instructions to figure the
taxyy ee ee Ba
b Taxfromline4,Partlh © 6. we ee LSB
¢ Total—Add lines 3a and 3b . woe . 3c
4a Foreign tax credit (attach Form1118) ... . . 4a
b General business credit. Enter here and check which forms: are 2 attached:
C1 Form 3800 O Form 3468 OO Form 5884
OO Form 6478 CO Form 6765 OO Formsss6. . . | 4b
¢ Credit for prior year minimum tax (attach Form 8801) . . . . .. . .4e
d Total—Addlines4athrough4c 2 1 1 ww ee le 4d
5 Line3clessline4d . . er er ry 5
6 Personal holding company tax (attach Schedule PH (Form 1120) 6
7 Recapture taxes. Check if from: [_] Form 4255 CO Forms611 . 7
8 Alternative minimum tax (attach Form 4626) . . a
9 Total tax—Add lines 5 through 8. Enter here and on fine 27, page 1. 9



Form 1120-RIC (1989)

Page 3

Additional Information (See instruction F.)

G (1) 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).) . . « woe ee
If “Yes,” attach a schedule showing: (a) name, address, and identifying number; (b) percentage owned; and © taxable.
income (or loss) before NOL and special deductions (e.g., if a Form 1120: from Form 1120, line 28, page 1) of such
corporation for the tax year ending with or within your tax year.

(2) 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 (a) through (c) .
(a) Attach a schedule showing name, address, and identifying number.

(b) Enter percentage owned > ...
(c) Was the owner of such voting stock a person other than a U.S. person? (See instructions.) Note: /f “Yes,” the fund
may have tofileForm5472.. 0. 6 ww

If “Yes,” enter owner's country » _

H 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.

I Atany 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)? . rn

(See instruction F and filing requirements for form TD F 90-22.1)
If “Yes,” enter name of foreign country >

J Was the fund the grantor of, or transferor to, a foreign trust which existed during the current tax year, whether or not the fund
has any beneficial interestinit? . . . ee
If “Yes,” the fund may have to file Forms 3520, 3520. A, or 1926.

K During this tax year, did the fund pay dividends (other than stock dividends and distributions in exchange for stock) in excess
of the fund’s current and accumulated earnings and profits? (See sections 301 and 316.) Soe ee ee

If “Yes,” file Form 5452.
L_ During this tax year did the fund maintain any part of its accounting/tax records on a computerized system?

M Check method of accounting:
q@) (0 Cash
(2) © Accrual
(3) [1] Other (specify) mo ee eeeeececececesseeesesenescceceasecececaesnsecacsesececseceesereeeeseseeeeceraeeeereneees
N Check this box if the fund issued publicly offered debt instruments with original issuediscount. . . . . . . se im
If so, the fund may have to file Form 8281.

O Enter the amount of tax-exempt interest received or accrued during the tax year >

P Ifthis return is being filed for a series fund (as defined in section 851(h)(2)), please complete (1) and (2):
(1) Name of regulated investment company in which the fund is a series >,
(2) Date such regulated investment company was incorporated or organized >.

Q Section 853 election—Check this box if the fund meets the requirements of section 853(a) and elects to pass through the
deduction or credit for foreign taxes it paid to its shareholders. See Regulations section 1.853-4(a) for additional
requirements... rere pe ee

Yes| No

S

NX

NX

NS

NX

SN

“Te

.

)