Page 4

Form 1120 -RIC (1987)
Schedule L (ESET

Beginning of tax year

End of

tax year

Assets
1Cash 2. ww ee
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)

(b) (c)

(9)

Mi

_

_...

_

_.

6&=COE_=

Ms

a Less accumulated amortization

11 Other assets (attach schedule)
12 Total assets

Mi

Liabilities and Stockholders’ Equity
13 Accountspayable .........
14 Mortgages, notes, bonds payable in less than 1 year
15 Other current liabilities (attach schedule) .
16 Loans from stockholders coe
17 Mortgages, notes, bonds payable in 1 year or more
18 Other liabilities (attach schedule)
19 Capital stock: a Preferredstock .

b Commonstock .

je TMM

Mi

20 Paid-in or capitalsurplus . . . .
21 Retained earnings—Appropriated (attach
22 Retained earnings—Unappropriated
23 Less cost of treasury stock oe
24 Total liabilities and stockholders’ equity

schedule)

_

7/77

¢

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 12, column (d), of Schedule L at

re less than $25,000.

1 Net income on books
2 Federalincome tax .

3 Excess of capital losses over capital 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 a

b Expenses allocable to tax-exempt interest
income

c¢ Section 4982 tax

6 Total of lines 1through5 .

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,
page 1) $

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

12 Investment company taxable income
(line 26, page 1)—line 6 less line 11

uc Analysis of Unappropriated Retained Earnings per Books (line 22, Schedule L)
this schedule if the total assets on line 12, column (d), of Schedule La

You are not required to complete

re less than $25,000.

1 Balance at beginning of year .

2 Netincomeperbooks . .....
3 Other increases (itemize)

4 Total of lines 1, 2, and 3

5 Distributions: a Cash
b Stock .
c Property .
6 Other decreases (itemize)

7 TotalofiinesSand6. . . .
8 Balance at end of year (line 4 less line 7)

BULS.

GOVERNMENT PRINTING OFFICE:

1988 205- 478/79 167


Form 1120-RIC U.S. Income Tax Return for (OMB No. 1545-1010
Regulated Investment Companies
Department of the Treasury | For calendar year 1987 or taxyear beginning... » 1987, ending ____ wold q 987
Internal Revenue Service > For Paperwork Reduction Act Notice, see page 1 of the instructions.
A Year RIC status was. Use Name of fund ¢ Employer identification number
elected IRS
Other. Number and street (or P.O. box number if mail is not delivered to street address)
B Date fund was wise, D Total assets (See Specific
established please [City ortown, state, and ZIP code \nstructions.)
print
or type. $ |
E Check applicable boxes: @) © Finalreturn (2) [] Changeinaddress (3) L] Amended return
F Check this box if the fund 1s a personal holding company or is not in compliance with Regulations section 1.852-6 forthistaxyear. . . -_ PO
Part |[—Computation of Investment Company Taxable Income
1 Dividends . 1
2 Interest. woe 2
3 Net foreign currency gain in(or loss) from section 988 transactions (attach schedule) 3
2] 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 and enter here . 8
9 Compensation of officers (Schedule E). Ce ee ee ED
10a Salaries and wages _ .. bLessjobs credit ____ __ Balance > 10c
1 Rents 2 2 ee ee fad
12 Taxes Se ee ey LA2
13 Interest. . . Fe ee ee es LAB
14 Depreciation (attach Form 4562) Ce ee ee. LF
al15 Advertising © 6 ee ee FAS {| __
$ 1S Resiswatontees, 16
3 17 Insurance . Fe 17
818 Accounting and legal services. . . . Ce ee ee LAB
19 Management and investment advisory fees toe ee)
20 = Transfer agency, shareholder servicing, and custodian fees and expenses... . . . . « 120
21 Reportstoshareholders . . . a >
22 Other deductions (attach schedule). sone So ee ee ee L222
23 Total deductions—Add lines 9 through 22 and enter here soe eee ee ee. £28
24 Taxable income before deduction for dividends paid (line 8 less line 23) coe ee ee LOM
25 Less: Deduction for dividends paid (ScheduleA) . . 2)
26 Investment company taxable income (line 24 less line 25) woe ee ee ee ee | 26
Tax and Payments
27 =TOTALTAX(ScheduleJ). . . yp ped
28 Payments: a 1986 overpayment credited to 1987 VT
b 1987 estimated taxpayments . . soe
c Less 1987 refund applied for on Form 4466 .. »
d Tax deposited with Form 7004 .
e Credit from other regulated investment companies (attach Form 2439) .
f Credit for Federal tax on gasoline and special fuels (attach Form4136). . 28
29 Enter any PENALTY for underpayment of estimated tax—check® [_] ifForm2220isattached (29
30 TAX DUE—If the total of lines 27 and 29 is larger than line 28, enter AMOUNTOWED . . . . 130.
31 OVERPAYMENT—'f line 28 is larger than the total of lines 27 and 29, enter AMOUNT OVERPAID | 31
32__ Enter amount of line 31 you want: Credited to 1988 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 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 Preparer > Date Check i Oo Preparers social security number
Preparer’s gnature self-employed
Firm's name (or
Use Only yours if self-employed) » E1.No. D>
and address ZIP code

Form 1120-RIC (1987)


Form 1120-RIC (1987)

Part II1—Computation of Tax on Undistributed Net Capital Gain Not Designated Under Section B52 ()(30)

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 9b) .
3 > Amount subject to tax—line 1 less line 2 :

‘al gains tax—Enter 34% of line 3 here and on line 3b, ScheduleJ .__.
Schedule EW Deduction for Dividends Paid (Do not include capital Bain ‘dividends 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 sections 852007) or 85500), 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) . 2
3 Dividends declared in December deemed paid on December record date under section 852030) (dor not
include any amounts shown on lines 1 or 2). Soe toe ee 3
4 Consent dividends (attach Forms972and973) . . . . . . 4
5 Deduction for dividends paid—Add lines 1 through 4. Enter here and online 25, pagel. . -| 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 for1987?.. . . . . . CJ 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) . toe . 1
2 Amounts disallowed as deductions under sections 265 and171(a(2). . . 2. 2 ee ee 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 _.

Sait Compensation of Officers (See instructions for lit Tine 9, ‘page T. )
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 (f) Amount of compensation
business | (a) Common | (e) Preferred
% % %
% % %
% % %
% % %
Total compensation of officers—Enter here and on line 9, page 1_.
Schedule J | Tax Computation (See instructions.)
1 Check if you are a member of a controlled group (see sections 1561 and1563) . . . 2. 2. 1 1 1 Oo

2 If line 1 1s checked, see instructions and enter your share of tax bracket amounts. If your tax year includes
June 30, 1987, complete both a and b. Otherwise, complete only b.

afd $. (ii) $

Hi) S$ Leet CV) $ Lee eeeteeeeeeeeee

3

fc

S

SSS

Z

baMs. di) $
3a Tax on pany taxal instructions to figure the
tax) ee ee ee LB
b Taxfromline4,Parth 2 2 2 2 2 ee ee ee LBD
¢ Total—Addlines3aand3b. 2. 1 1. we ee ee
4a Foreign taxcredit(attachForm1118) .... . » | 4a
b General business credit. Enter here and check which forms. are 2 attached.
CO Form 3800 ( Form 3468 Co Form 5884
(J Form 6478 (C1 Form 6765 (1 Formass6. . . .| 4b

c Total—Addlines4aand4b. 2 6 1 we ee

MM

4c

MMM

SS

7/

S

5 Line 3c less line 4c.

6 Personal holding company tax (attach Schedule PH (Form 1120) ee
7 Tax from recomputing prior-year investment credit (attach Form4255). . . . . . . e

5
6
7

8a Alternative minimum tax (see instructions—attach Form 4626) .

8a

b Environmental tax (see instructions—attach Form 4626) .

8b

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

9



Form 1120-RIC (1987)

Pag

Additional Information (See instruction F.)

Did the fund claim a deduction for expenses connected with:

(1) An entertainment facility (boat, resort, ranch, etc.)?

(2) Living accommodations (except employees on business)?. woe

(3) Employees attending conventions or meetings outside the North American area? (Gee section 274(h). ).

(4) Employees’ families at conventions or meetings?
If “Yes,” were any of these conventions or meetings outside the North American area? Gee section 274(h). ).

(5) Employee or family vacations not reported on Form W-2? . .

(1) Did the fund at the end of the tax year own, directly or indirectly, 50% or more e of the voting. stock of a ‘domestic
corporation? (For rules of attribution, see section 267(c).)
\f “Yes,” attach a schedule showing: (a) name, address, and identifying number; (by percentage owned; © 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; (d) highest amount owed by the fund to such corporation
during the year; and (e) highest amount owed to the fund by such corporation during the 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 (e) .
(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. ?

may have to file Form 5472. . SS
If “Yes,” enter owner's country >

(d) Enter highest amount owed by the fund to such owner during the year >
(e) Enter highest amount owed to the fund by such owner during the year >

Note: For purposes of H(1) and H(2), “highest amount owed" includes loans and accounts receivable/payable.

2ov

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)? . :

(See instruction F and filing requirements for form TD F 90-22.1)

If “Yes,” enter name of foreign country > wee
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? . rrr see

If “Yes,” the fund may have to file Form 3520, 3520- A, or 926.

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 301and316.) . . . . 2... wee

If “Yes,” file Form 5452.

During this tax year did the fund maintain any part of its accounting/tax records on a computerized system?

Check method of accounting:

a) D1 cash

(2) Ed Accrual

(3) Cl other (specify) >
Check this box if the fund issued publicly offered debt instruments with originalissuediscount . . . 2. 1 ewe 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
If the fund is a member of a controlled group, enter the amount of taxable income forthe entire group 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 registered investment company within which the fund isa series >.
(2) Date such registered investment company was incorporated or organized
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 _ se rere _

Yes)

Mi

S

S

BSSSSS

RSG

Mh

SS

NX

Ss

NX

S

SSSR