Form 1120-RIC (1988)

Page 4

Saiccricga Balance Sheets

Beginning of tax year End of

tax year

Assets

1 Cash .

2 Trade notes and accounts receivable
a Less allowance for bad debts .

3 Federal and state government obligations .

4 Other current assets (attach schedule) .

5 Loans to stockholders .

6 Mortgage and real estate loans

7 Other investments (attach schedule)

8 Buildings and other fixed depreciable assets .
a Less accumulated depreciation

9 Land (net of any amortization)

10 Intangible assets (amortizable only) .

a Less accumulated amortization

11 Other assets (attach Schedule)
12 Totalassets

(a)

(b) ()

(d)

1]

]

Mh

YU}

Liabilities and Stockholders’ Equity
13 Accounts payable
14 Mortgages, notes, bonds payable in less than 1 year
15 Other current liabilities (attach schedule). .
16 Loans from stockholders
17 Mortgages, notes, bonds payable in 1 year orm more
18 Other liabilities (attach schedule)
19 Capital stock .
20 Paid-i in or capital surplus
21 Retained earnings—Appropriated (attach schedule)
22 Retained earnings—Unappropriated

23 Less cost of treasury stock .
24 Total liabilities and stockholders’ equity

( )

Schedule M-1
(You are not required to complete

Lh
Reconciliation of Income per Books With Income per Return
this schedule if the total assets on line 12, column (d), of Schedule L are

e less than $25,000.)

1 Net income on books

2 Federal income tax . :

3 Excess of capital losses over caj vital gains .

4 Income subject to tax not recorded on books
this year (itemize);

5 Expenses recorded on books this year not
deducted in this return (itemize):

a Depreciation

b Expenses allocable to tax-exempt interest
income . ~.$

¢ Section 4982 tax. . $

d Travel and entertainment $

7 Income recorded on books this year not

included in this return (itemize):

a Tax-exempt interest $

8 Deductions in this tax return not charged
against book income this year (itemize):
a Depreciation . $

b Dividends paid deduction (line 25,
pagel). . .$

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

6 To! it rougt

(line 26, page 1)—line 6 less line 11

BSQEEEEIEY Analysis of Unappropriated Retained Earnings per Books (line 22, Schedule L)

(You are not required to complete

this schedule if the total assets on line 12, 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

8 Balance at end of year (line 41 4 less line 2d



rom 1120-RIC U.S. Income Tax Return for

Regulated Investment Companies

OMB No. 1545-1010

1988

Department of the Treasury | For calendar year 1988 or tax year beginning ____.___. == , 1988, ending aod
Internal Revenue Service > For Paperwork Reduction Act Notice, see page 1 of the instructions.
A Year RIC status 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: (@) 0 Finalreturn (2) [1 Changeinaddress (3) []_ Amended return
F Check this box if the fund is a personal holding company or is not in compliance with Regulations section 1.852-6forthistaxyear. . . . —- > L)
Part I—Computation of Investment Company Taxable Income
1 Dividends . 1
2 Interest. a 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 ll, line 18 (attach Form 4797 6
7 Other income (see instructions—attach schedule) . 7
8 Total income—Add lines 1 through 7 and enter here . 8
9 Compensation of officers (Schedule E). . So ee 9
10a Salaries and wages b Less jobs credit L | | Balance > |10c
11 Rents 11
12 Taxes 12
13 Interest. 13
14 Depreciation (attach Form 4562) 14
@|15 Advertising 15
8/16 Registration fees. 16
3 17 Insurance . 17
&|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 and enter here 23
24 = Taxable income before deduction for dividends paid (line 8 less line 23) . 24
25 Less: Deduction for dividends paid (Schedule A) we 25
26 Investment company taxable income (line 24 less line 25) 26
Tax and Payments
27 Totaltax(ScheduleJ) . . . Se 27
28 Payments: a 1987 overpayment credited to 1988 [28a 7/ T7 ]/
b 1988 estimated taxpayments . . . |28b YY
¢ Less 1988 refund applied for on Form 4466 | 28c | ( d\dBav| 284
e Tax deposited withForm7004.... . .|28e
f Credit from other regulated investment companies ‘(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 > ‘oO if Form 2220 is attached [29
30 Tax due—if the total of lines 27 and 29 is larger than line 28h, enter amount owed . . £30
31 + Overpayment—f 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 1989 estimated tax > [_ Refunded > | 32
Under penaities of perjury, | declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
Please 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 » Title
Paid Prepare’ > Date Cheekit Oo Preparer’ soil ‘Security number
Preparer’s a ure self-employed ii
Use Only | joureifset-enpioyed) » E1.No_ > i
‘and address ZIP code

Form 1120-RIC (1988)


Form 1120-RIC (1988)

Page 2

Part 1I—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)) .
2 Less: Capital gain dividends (do not include any amount reported on Form 2438, line 9)
3 > Amount subject to tax—line 1 less line 2 .

1

2

3

4

4 Capital gains tax—Enter 34% of line 3 here and online 3b,ScheduleJ. . .
Deduction for Dividends Paid (Do not include capital gain “dividends o or exemph 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 sections 852(b)(7) or 855(a), or deficiency dividends as
defined in section 860) .

1
2 Dividends paid in 12-month period following the close of your tax year which you elect to be treated as
paid during the tax year under section 855(a) . to -L2
3 Dividends declared in October, November, or December deemed paid on n December 31 under section
852(b)(7). (See instructions.) . an 3
4 Consent dividends (attach Forms 972 and 973) 4
5 Deduction for dividends paid—Add lines 1 through 4. Enter here and on line 25, page 1 .| 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 1988? CO Yes [] 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

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

Compensation of Officers (See instructions fo Tor line ‘9, ‘page T. y
Complete Schedule E only if total receipts are $150,000 or more.

(c) Percent of | Percent of corporation
(a) Name of officer (b) Social security number time devoted to stock owned
jusiness

(@) Common | (e) Preferred

(f) Amount of compensation

RIK [KK
RR [RIK
RRL ik

Total compensation of officers—Enter here and on line 9, page 1 .
Schedule) MET Computation (See instructions.)

1 Check if you are a member of a controlled group (see sections 1561 and 1563) . - oO
2 Ifline 1 is checked:
a Enter your share of the $50,000 and $25,000 taxable income bracket amounts (in that order): Yj
als [| wi |S |
b Enter your share of the additional 5% tax (not to exceed $11,750) > $ | | -
3a Tax on investment company taxable income (see instructions to figure the
tax) 2. ee ee ee ee | Ba
bTaxtromline4,Patl es LBB -
¢ Total—Add lines 3a and 3b . So 3c
4a Foreign tax credit (attach Form1118) . . . . . 4a
b General business credit. Enter here and check which forms are 2 attached:
C1 Form 3800 CO Form 3468 CO Form 5884
O Form 6478 CO Form 6765 Ci Formgsse. . . .| 4b //
¢ Credit for prior year minimum tax (attach Form 8801) . . . . . . . .L4e WM Uf Us

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: OO Form 4255 oO Form 8611.
Alternative minimum tax (see instructions—attach Form 4626) .
Total tax—Add lines 5 through 8. Enter here and on line 27, page 1 .

won an

© |00 |S Jon fon |



Form 1120-RIC (1988)

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).) oe
If “Yes,” attach a schedule showing: (a) name, address, and identifying number; “() 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 to file Form 5472 .
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.

| At any time during the tax year, did the fund have an interest in or a signature or other authority over a financial account ina
foreign country (such as a bank account, securities account, or other financial account)? . woe ee

(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 interest in it? ee
If “Yes,” the fund may have to file Forms 3520, 3520. A, or 7926.

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

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:

a) O cash

(2) CL Accrual

(3) LC other (specity) >.

N_ Check this box if the fund issued publicly offered debt instruments with originalissuediscount . . . . . . . . .L
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 If this 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 _ . . ee Y . ee

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KS

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