11-K 1 map_11k2004.htm MAP 11-K INDEPENDANT AUDITOR'S REPORT

 

 

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 11-K

 

ANNUAL REPORT

PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the fiscal year ended: December 31, 2004

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from to

 

Commission file number: 1-4850

 

A. Full title of plan and the address of the plan, if different from that of the issuer named below: Computer Sciences Corporation Matched Asset Plan

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

Computer Sciences Corporation

2100 East Grand Avenue

El Segundo, California 90245

 

 

 

 

 

 

 

 

 

TABLE OF CONTENTS

 

Description

Page

 

 

(a) Financial Statements:

 

Report of Independent Registered Public Accounting Firm

1

 

 

Statements of Net Assets Available for Benefits

 

As of December 31, 2004 and 2003 ............................................................

2

 

 

Statements of Changes in Net Assets Available for Benefits

 

For the Years Ended December 31, 2004 and 2003 .......................................

3

 

 

Notes to Financial Statements ...................................................................

4

 

 

(b) Supplemental Schedule:

 

 

 

Form 5500, Schedule H, Part IV, Line 4i ' Schedule of Assets (Held at End of

Year as of December 31, 2004

S-1

 

 

(c) Exhibit:

 

 

 

Exhibit 23: Consent of Independent Registered Public Accounting Firm

E-1

 

 

All other schedules required by Section 29 CFR 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.

 

 

 

 

 

  

 

 

i

  

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of
Computer Sciences Corporation
El Segundo, California

We have audited the accompanying statements of net assets available for benefits of Computer Sciences Corporation Matched Asset Plan (the "Plan") as of December 31, 2004 and 2003, and the related statements of changes in net assets available for 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 the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, 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, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2004 and 2003, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2004, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is 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. This supplemental schedule is the responsibility of the Plan's management. Such supplemental schedule has been subjected to the auditing procedures applied in our audit of the basic 2004 financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.

 

/s/Deloitte & Touche LLP

Los Angeles, California

June 29, 2005

 

1

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

 

                  December 31,                

 

       2004         

 

         2003        

ASSETS

 

 

 

Investments at fair value (Notes 1, 2, 5, 7, and 10):

 

 

Short-term investments

$ 183,379,865

 

$ 152,216,240

(Overdrafts) U.S. and Foreign currency

(27,325)

 

527,910

Long-term investments:

 

 

 

CSC common stock (Note 10)

811,241,189

 

363,945,449

Participant loans (Note 6)

41,345,471

 

19,637,145

Interest in registered investment companies

 

 

 

Mellon Enhanced Asset Fund

127,118,861

 

113,850,006

Mellon S&P 500 Stock Index Fund

395,616,320

 

297,564,493

Vanguard High Yield Bond Fund

34,076,119

 

20,271,765

Mellon Balanced 40/60 Fund

46,730,633

 

33,263,641

Mellon Balanced 60/40 Fund

82,458,614

 

57,080,095

Mellon Balanced 80/20 Fund

100,545,457

 

71,212,974

State Street Select Plus Fund

74,818,379

 

44,344,320

Mellon Market Completion Fund

181,226,501

 

72,904,718

Frank Russell Active Equity Fund

144,607,897

 

129,173,572

SSGA Government TIPS Fund

24,179,465

 

 

T.Rowe Frozen Value Stable Fund

32,412,517

 

 

Bonds and debentures

235,055,162

 

227,610,301

International equity investments

78,736,824

 

27,545,272

Guaranteed investment contracts

185,352

 

221,728

Total investments

2,593,707,301

 

1,631,369,629

 

 

 

 

Receivables:

 

 

 

Accrued investment income

1,733,173

 

1,535,177

Unsettled trade receivable

20,491,000

 

34,477,935

Other

35,554

 

104,991

Total Receivables

22,259,727

 

36,118,103

Total Assets

2,615,967,028

 

1,667,487,732

 

 

 

 

LIABILITIES

 

 

 

Accrued expenses

765,002

 

678,738

Unsettled trade payables

20,917,593

 

33,792,063

Other

185,306

 

126,167

Total lLiabilities

21,867,901

 

34,596,968

NET ASSETS AVAILABLE FOR BENEFITS

$ 2,594,099,127

 

$ 1,632,890,764

See Notes to Financial Statements

2

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

STATEMENTS OF CHANGES IN NET ASSETS

AVAILABLE FOR BENEFITS


       Years Ended December 31,      

        2004         

        2003         

INVESTMENT INCOME:

Net appreciation in fair value of investments

$ 280,393,549

$ 251,373,933

Interest

15,887,322

13,133,594

Dividends

9,645,097

9,223,309

Net investment income (Note 7)

305,925,968

273,730,836

CONTRIBUTIONS:

Participant

185,997,483

148,981,583

Employer

37,013,362

26,621,301

Employee rollovers

10,363,366

5,570,927

Total contributions

233,374,211

181,173,811

DEDUCTIONS:

Distributions to participants

209,363,056

116,211,405

Administrative expenses

2,508,615

1,901,638

Total Deductions

211,871,671

118,113,043

INCREASE IN NET ASSETS AVAILABLE FOR    BENEFITS BEFORE PLAN TRANSFERS

327,428,508

336,791,604

TRANSFERS FROM OTHER PLANS (Note 9)

633,779,855

7,957,089

NET ASSETS AVAILABLE FOR BENEFITS:

    Beginning of year

1,632,890,764

1,288,142,071

    End of Year

$ 2,594,099,127

$ 1,632,890,764

 

 

 

 

 

 

 

 

See Notes to Financial Statements

3

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

Note 1 Description of the Plan

The following brief description of the Computer Sciences Corporation Matched Asset Plan (the "Plan") is provided for general information purposes only. Participants should refer to the Plan document for more complete information.

The Plan is a defined contribution plan adopted by the action of the Board of Directors of Computer Sciences Corporation (the "Company") taken on November 3, 1986, and constitutes an amendment and restatement of the Employee Stock Purchase Plan ("the Prior Plan").

The Plan is a continuation of the Prior Plan and is qualified under the Internal Revenue Code (the "Code"), as amended, Section 401(a) and, effective as of January 1, 1987, with respect to the portion thereof that qualifies as a qualified cash or deferred arrangement, to satisfy the requirement of Code Section 401(k). It is also subject to the provisions of the Employee Retirement Income Security Act of 1974 as amended ("ERISA").

The Plan is administered by a committee, CSC Retirement and Employee Benefits Plans Committee (the "Committee"), consisting of four members who are appointed by the Board of Directors of the Company and serve without compensation, and are reimbursed by the Company for all expenditures incurred in the discharge of their duties as members of the Committee. The Committee has the power to interpret, construe and administer the Plan and to decide any dispute which may arise under the Plan.

Plan Termination - Although it has not expressed any intent to do so, the Company reserves the right, under the Plan, to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, the participants' rights to the Company's contributions vest immediately.

Interest in the Common/Collective Trust

The Plan's investments are in the common/collective trust ("CCT") which was established for the investment of assets of the Plan and several other Computer Sciences Corporation sponsored retirement plans. Each participating retirement plan has an undivided interest in the CCT. The assets of the CCT are held by The Bank of New York (the "Trustee"). The Committee shall determine and advise the Trustee regarding the management of the CCT and the appointment of investment managers. At December 31, 2004 and 2003, the Plan's interest in the assets of the CCT was approximately 64.2% and 50.8%, respectively. Investment income and administrative expenses relating to each discretionary or directed fund within the CCT are allocated to the individual plans based upon average monthly balances invested by each plan in each discretionary or directed fund.

 

4

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

Participants in the CCT consist of the Computer Sciences Corporation Matched Asset Plan, CSC Outsourcing Inc. Hourly Savings Plan, CSC Outsourcing Inc. CUTW Hourly Savings Plan, Computer Sciences Corporation Employee Pension Plan, CSC Outsourcing Inc. Hourly Pension Plan, CSC Outsourcing Inc. CUTW Hourly Pension Plan, CSC/Hughes Retirement Plan, CSR's Range Employees Pension Plan, Computer Sciences Corporation Cash Balance Plan, CSC/E-Systems Pension Plan, CSC Pension Equity Plan, Eagle Alliance Employee Pension Plan, and the DynCorp Information Systems LLC Union Pension Plan (the "Plans").

Eligibility and Participation

Any eligible employee who has satisfied the Plan's age and service requirements, and is employed by the Company, and who receives a stated compensation in respect of employment on the payroll of the Company, is eligible to become a participant, with the exception of a person who is represented by a collective bargaining unit and whose benefits have been the subject of good faith bargaining under a contract that does not specify that such person is eligible to participate in the Plan. In addition, the Company may determine to exempt all employees of any division, unit, facility or class from coverage under the Plan. Any person who leaves the employ of the Company and, at a later time becomes re-employed, must reapply to participate in the Plan, provided he or she otherwise meets the eligibility requirements.

Employee and Company Contributions

Subject to certain limitations described below, an eligible employee who elects to become a participant may authorize any whole percentage (at least 1% but not more than 50%) of such employee's biweekly compensation (as defined in the Plan) to be deferred and contributed to the trust fund on his or her behalf, subject to certain Code limitations. Any compensation deferral in excess of applicable Code limitation, together with income allocable to that excess, will be returned to a participant. Any matching Company contributions attributable to any excess contribution, and income allocable thereto, will either be returned to the Company or applied to reduce future matching Company contributions. Effective January 1, 2002, under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), the Plan permits participants age 50 and over, to make additional "catch-up" contributions in excess of the statutory limit. The catch-up provision provided these participants the opportunity to contribute an additional $3,000 and $2,000 on a pre-tax basis in 2004 and 2003, respectively (increasing to $4,000 in 2005 and $5,000 in 2006, with inflation adjustments after that until December 31, 2010).

In order to qualify for the special tax treatment accorded to plans by Section 401(k) of the Code, contributions on behalf of participants under the Plan must meet two nondiscrimination tests designed to prevent a disproportionate compensation deferral election by employees who are

5

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

highly compensated in relation to other employees. The Committee may cause the percentage authorized by the highly compensated participants to be reduced if the Plan does not meet both of the nondiscrimination tests.

A participant is not permitted to make voluntary after-tax contributions to the Plan, unless the participant is part of a collective bargaining unit for which after-tax contributions have been negotiated.

The Company will contribute an amount equal to 50% of the first 3% of the participant's compensation deferral, except for eight groups of employees for whom, under the terms of their contract agreements, the Company will contribute amounts based on the following rates:

Group 1 - 50% of the first 4% of the participant's compensation deferral;

Group 2 - 100% of the first 7% of the participant's compensation deferral;

Group 3 - 100% of the first 5% of the participant's compensation deferral;

Group 4 - 100% of the first 10% of the participant's compensation deferral;

Group 5 - 50% of the first 6% of the participant's compensation deferral;

Group 6 - 75% of the first 4% of the participant's compensation deferral;

Group 7 - 50% of the first 8% of the participant's compensation deferral and discretionary employer contribution of at least 1% of participant compensation; and

Group 8 - 50% of the first 8% of the participant's compensation deferral and discretionary employer contribution of at least 2% of participant compensation.

Matching contributions will be invested in the Company Stock Fund, (the "Company Stock Fund"), which invests in the common stock of the Company except for employees of CSC Credit Services, Inc., Mississippi Space Services, Eagle Alliance, and Computer Sciences Raytheon whose matching contributions are not required to be invested in the Company Stock Fund, and may be invested in any available fund selected by the employee. Participants direct the investment of their contributions into various investment options offered by the Plan.

Participant Accounts

Each participant's account is credited with the participant's contribution and the Company's matching contribution and allocations of Plan earnings, and is charged with an allocation of investment management fees. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

 

6

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

Vesting of Participants' Interests/Forfeitures

Participants are vested immediately in his or her contributions plus actual earnings thereon.

Vesting in his or her Matching Contribution Account is equal to twenty-five percent (25%) after completing two full years of service and increasing by twenty-five percent (25%) for each additional full year of service. Vesting accelerates to 100% in the event of reaching age 65 while employed by the Company or upon severance by reason of death or total and permanent disability.

Any nonvested portion of the Matching Contributions Account will be forfeited upon withdrawal from the Plan. Forfeitures may be applied to reduce future matching contributions by the Company. Such forfeitures during 2004 and 2003 amounted to $2,209,996 and $998,494, respectively. The Plan had no forfeitures at December 31, 2004. The Plan held $126,167 in forfeitures at December 31, 2003.

Distributable Amounts, Withdrawals and Refunds

A participant may become entitled to his or her distributable benefit by reason of retirement, death, total and permanent disability, voluntary termination of employment, or dismissal. The rules of payment of a participant's distributable benefit depend upon age of the participant, the number of years of service completed by the participant and the type of severance.

 

While still an employee, a participant may, upon at least a 30 day written notice to the Committee, make a withdrawal of his or her compensation deferral contributions if the Committee finds, after considering the participant's request, that an adequate financial hardship and resulting need for such amount has been demonstrated by the participant.

Note 2 Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Plan management to make estimates and

7

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.

Risks and Uncertainties

The Plan utilizes various investment instruments, including mutual funds, Company stock, investment contracts and certain derivative instruments. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the financial statements.

Assets of the Plan

The assets of the Plan are held in a trust with sixteen funds representing the investment options. The investment return in the respective funds is allocated to a participant based on his or her account balance. Contributions to, and payments from the Plan, are specifically identified to the applicable funds within the trust.

Security Transactions

Security transactions are accounted for on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is accounted for on the accrual basis.

In general, participants in the CSC Stock Fund receive distributions in certificates for shares of the common stock of the Company.

Valuation of Investment Securities

Investments in common stocks, fixed income securities and institutional investment vehicles are stated at fair value based upon closing sales prices reported on recognized securities exchanges on the last business day of the plan year or, for the listed securities having no sales reported and for unlisted securities, upon last reported bid prices on that date. Investments in short-term investments are stated at cost which approximates fair value. Participant loans are valued at outstanding loan balances, which approximate fair value.

 

 

8

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

Payment of Benefits

Benefits are recorded when paid. Amounts allocated to accounts of persons who have elected to withdraw from the Plan but have not yet been paid were $5,945,543 and $11,298,739 at December 31, 2004 and 2003, respectively.

Note 3 Tax Status

The Internal Revenue Service has determined and informed the Company by a letter dated May 13, 2003, that the Plan and related trust are designed in accordance with applicable sections of the Code.

The Committee believes that the Plan is designed and operated to qualify under Section 401(a) of the Code and, with respect to its qualified cash or deferred arrangement, under Section 401(k) of the Code. As such, no provision for income taxes has been included in the Plan's financial statements.

Note 4 Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:

 

                   December 31,              

 

          2004       

 

        2003       

Net assets available for benefits per the financial statements

$2,594,099,127

 

$1,632,890,764 

Amounts allocated to withdrawing participants

      (5,945,543)

     (11,298,739)

Net assets available for benefits per Form 5500

$2,588,153,584

 

$1,621,592,025 

The following is a reconciliation of distributions to participants per the financial statements to the Form 5500:

 

Years Ended
          December 31,        

 

      2004      

 

     2003      

 

 

 

 

Distributions to participants per the financial statements

$209,363,056 

 

$116,211,405 

Add: Amounts allocated to withdrawing participants at end of year

5,945,543 

 

11,298,739 

Less: Amounts allocated to withdrawing participants at start of year

 (11,298,739)

 

  (10,968,769)

Distributions to participants per the Form 5500

$204,009,860 

 

$116,541,375 

 

9

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

Amounts allocated to withdrawing participants are recorded as distributions on the Form 5500 for benefit claims that have been processed and approved for payment prior to year end but not paid as of that date.

Note 5 Investment Funds

Participant contributions - Subject to rules the Committee may from time to time adopt, each participant has the right to designate one or more funds established by the Committee for the investment of his or her compensation deferral contributions, in increments of 1%. After an initial election has been made, a participant may designate a different fund or funds into which future compensation deferral contributions shall be invested as of the first day of the next payroll period once per a calendar month. In addition, a participant may elect to redesignate any amounts in his or her accounts as of the last business day of any month to be invested in a different fund. These elections may be made by giving such advance notice as may be required by the Plan administrator.

The following table presents the individual investments that exceeded 5% of the Plan's net assets available for benefits, as of December 31st:

           December 31,            

Description of Issue

        2004      

     2003      

CSC common stock

$ 811,241,189

*

$ 363,945,449

*

Mellon Enhanced Asset Fund

       **

113,850,006

Mellon S&P 500 Index Fund

395,616,320

297,564,493

Mellon Market Completion Fund

181,226,501

       **

Frank Russell Active Equity Fund

144,607,897

129,173,572

* Nonparticipant-directed

**Investment did not exceed 5% of net assets available for benefits at fiscal year end.

Note 6 Participant Loans

The Plan allows participants to borrow from their vested account balances from a minimum of $1,000 to a maximum of 50% of their vested account balances up to $50,000, subject to certain limitations. The loans bear interest at the prime rate quoted in the Wall Street Journal plus 1%. Loan terms range from 1-5 years or up to 15 years for purchase of a primary residence. Loans are recorded at outstanding loan balances, which approximates fair value, on the Statements of Net Assets Available for Benefits.

10

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

The loans are deducted from the participants' accounts according to a priority specified in the Plan's loan rules and, within each account, pro rata from the funds based on their balances at the time. Loan repayments are reinvested in the participants' funds according to their current investment election. The repayments are similarly allocated among participants' accounts according to the priority specified in the Plan's rules.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

Note 7 Investments in Common/Collective Trust

The following table presents investments in the CCT at fair value.

 

                  December 31,                

 

        2004        

 

        2003         

Investments at Fair Value as Determined by

 

 

 

 

Quoted Market Price

 

 

 

 

(Overdraft) U.S. and Foreign Currency

$          (27,316)

 

$       2,461,294

 

Short-term investment fund

29,126,982

 

61,847,211

 

Money market fund

172,263,178

 

133,017,884

 

Bonds and debentures

421,198,741

 

364,928,255

 

CSC common stock

812,106,525

 

750,057,291

 

International equity portfolios

216,604,301

 

127,067,765

 

Investment in registered investment companies

 

 

 

 

 

Active Allocation Fund

127,118,861

 

113,850,006

 

 

Brinson Balanced Fund

59,917,799

 

53,799,264

 

 

Brinson U.S. Equity Fund

200,101,139

 

159,022,807

 

 

Mellon Corporate Bond Fund

185,455,413

 

122,096,617

 

 

Mellon EB Enhanced Asset Allocation Fund

75,025

 

72,712

 

 

Mellon Equity Fund

509,510,729

 

413,025,228

 

 

Mellon Equity Completion Fund

315,633,585

 

174,398,903

 

 

Mellon Government Bond Fund

844,740

 

1,063,103

 

 

Mellon Index Fund

120,204

 

124,536

 

 

Mellon S&P 500 Index Fund

395,616,320

 

297,564,493

 

 

Pacific Mutual Enhanced Bond Fund

 

 

44,115,319

 

 

BlackRock Core Bond Fund

5,735

 

1,996,249

 

 

Vanguard High Yield Bond Fund

34,076,119

 

20,271,765

 

 

Mellon Balanced 40/60 Fund

46,730,633

 

33,263,641

 

 

Mellon Balanced 60/40 Fund

82,458,614

 

57,080,095

 

 

Mellon Balanced 80/20 Fund

100,545,457

 

71,212,974

 

 

Mellon S&P 500 Select Fund

74,818,379

 

44,344,320

 

 

Frank Russell Active Equity Fund

145,465,282

 

129,963,466

 

 

Government TIPS Bond Fund

32,412,517

 

 

 

 

T.Rowe Stable Value Fund

       24,179,465

 

                        

 

 

 

3,986,358,427

 

3,176,645,198

 

 

 

12

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

 

 

                 December 31,                

 

        2004       

 

        2003      

CCT investments at fair value, continued

 

 

 

Investment at Estimated Fair Value

 

 

 

Geewax Terker Hedge fund

14,559,374

14,304,472

 

Guaranteed investment contracts

            185,352

 

            221,728

 

 

 

14,744,726

 

14,526,200

 

 

 

 

 

 

Investment at Cost, Which Approximates Fair Value

 

 

 

Employee loans

       41,394,081

 

       19,666,768

 

 

Total Common/Collective Trust

$4,042,497,234

 

$3,210,838,166

 

 

Plan's Interest in CCT Assets

$2,593,707,301

 

$1,631,369,629

The investment income (loss) of the CCT is summarized as follows:

 

     Years Ended December 31,       

 

        2004       

 

         2003        

 

 

 

 

 

 

Bonds and debentures

$    (2,631,334)

 

$     (3,203,211)

 

CSC Stock Fund

177,373,848

 

225,688,912

 

International equity portfolios

35,974,698

 

31,616,897

 

Active Allocation Fund

11,819,623

 

22,947,087

 

Brinson Balanced Fund

4,818,511

 

8,198,982

 

Brinson Equity Fund

22,672,705

 

35,011,373

 

Mellon Capital Aggr. Bond Fund

 

 

(140,146)

 

Mellon Corporate Bond Fund

672,688

 

1,115,632

 

Mellon EB Enhanced Asset Allocation Fund

6,932

 

18,131

 

Mellon EB Stock Index Fund

 

 

2,612,968

 

Mellon Equity Fund

45,062,638

 

81,802,979

 

Mellon Equity Completion Fund

43,573,215

 

48,521,154

 

Mellon Government Bond Fund

(6,713)

 

(25,508)

 

Mellon Index Fund

11,099

 

25,167

 

Mellon S&P 500 Index Fund

33,541,980

 

60,150,473

 

Pacific Mutual Enhanced Bond Fund

964,629

 

2,067,203

 

BlackRock Core Bond Fund

21,511

 

(41,957)

 

Vanguard High Yield Bond Fund

333,912

 

1,249,638

 

 

13

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

 

                  December 31,                  

 

        2004       

 

         2003        

CCT income (loss), continued

 

 

 

 

Mellon Balanced 40/60 Fund

2,937,989

 

3,819,800

 

Mellon Balanced 60/40 Fund

6,176,401

 

8,449,807

 

Mellon Balanced 80/20 Fund

8,746,769

 

13,140,177

 

Mellon S&P 500 Select Fund

6,464,894

 

8,613,367

 

Frank Russell Active Equity Fund

15,967,774

 

29,714,910

 

Geewax Terker Hedge fund

79,140

 

7,248

 

Government TIPS Bond Fund

1,240,587

 

 

 

Other Funds

           155,875

 

                         

Net appreciation in fair value of investments

415,979,371

 

581,361,083

Dividends

27,568,838

 

26,702,043

Interest

      24,797,058

 

       24,604,425

Common/Collective Trust Income

$ 468,345,267

 

$   632,667,551

Plan's Interest in the Common/Collective Trust Income

$ 305,925,968

 

$   273,730,836

 

Note 8 Related-Party Transactions

Certain short-term investment funds are managed by The Bank of New York. The Bank of New York is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions. The fees associated with these funds were paid by the Company and amounted to $1,500 for the years ended December 31, 2004 and 2003, respectively. In addition, The Bank of New York became the fund manager of the International Equity Fund in 2004. As the fund manager, The Bank of New York was paid $33,522 in fees associated with this fund for the year ended December 31, 2004.

At December 31, 2004 and 2003, the Plan held 14,391,364 and 8,228,475 shares, respectively, of common stock of the Computer Sciences Corporation, the sponsoring employer, with a cost basis of $753,479,432 and $467,729,394, respectively.

Note 9 Mergers

On July 1, 2004, the DynCorp Capital Accumulation Retirement Plan ("CAP") and DynCorp Savings and Retirement Plan ("SARP") were merged with the Plan and the net assets of CAP and SARP were transferred to the Plan in 2004. The management of the Company believes that these mergers were tax-exempt transactions under the applicable provisions of the Code and, therefore, not subject to federal income taxes.

14

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

On February 25, 2003 the ECS Integrated Technology Solutions LLC 401(k) Plan ("ECS") was merged with the Plan and the net assets of ECS were transferred to the Plan. The management of the Company believes that the Plan merger was a tax-exempt transaction under the applicable provisions of the Code and, therefore, not subject to federal income taxes.

On April 22, 2003 the Information Technology Solutions, Inc. 401(k) Profit Sharing Plan ("ITS") was merged into the Plan and the net assets of ITS were transferred into the Plan. The management of the Company believes that the Plan merger was a tax-exempt transaction under the applicable provisions of the Code and, therefore, not subject to federal income taxes.

Note 10 Nonparticipant-Directed Investments

Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments is as follows as of December 31:

 

 

        2004         

 

         2003        

Net assets:

 

 

 

 

CSC common stock

$811,241,189 

 

$363,945,449 

 

Short-term investments

4,122,993 

 

4,776,554 

 

Accrued income

6,947 

 

1,899 

 

Net unsettled trades payable

        (79,449)

 

    (2,499,148)

 

CSC Stock Fund

815,291,680 

 

366,224,754 

 

 

 

 

 

Changes in net assets:

 

 

 

 

Net appreciation in fair value of investments

160,910,766 

 

80,356,760 

 

Interest income

712,811 

 

644,777 

 

Employer contributions

33,695,321 

 

25,224,221 

 

Participant contributions

21,913,940 

 

17,656,757 

 

Participant rollovers

718,761 

 

203,279 

 

Transfers to participant-directed investments

(36,305,884) 

 

(9,143,659)

 

Plan to plan transfers

344,115,360 

 

102,448 

 

Benefits paid to participants

(76,622,379)

 

(21,607,349)

 

Administrative fees

        (71,771)

 

                        

 

Net Change

449,066,925 

 

93,437,234 

 

 

 

 

 

CSC Stock Fund - beginning of the year

   366,224,75 

 

  272,787,521 

CSC Stock Fund - end of the year

$815,291,680 

 

$366,224,755 

 

15

 

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

Note 11 Derivative Financial Instruments

In the Plan's separate accounts, derivative financial instruments were used by the Plan's international equity manager primarily to hedge the currency risk component of the Plan's foreign investments. The fixed income investment manager is permitted to use certain specified types of derivative instruments as part of its strategy. This strategy includes the use of futures and options as substitutes for certain types of fixed income securities. Leveraging of the Plan's assets and speculation are prohibited. Currency hedge positions in aggregate were not permitted to exceed the level of exposure in the Plan's related assets.

Foreign Currency Exchange Contracts

During 2004 and 2003, the Plan entered into forward contracts to purchase and sell foreign currencies in the normal course of its investing activities to manage the currency exposure associated with the Plan's foreign equity investments. The terms of these contracts generally did not exceed one year. The credit risk associated with these contracts was minimal as they were entered into with a limited number of highly rated counterparties.

The Plan reflects the fair value of all forward contracts as an asset or liability in the Plan's financial statements. The fair value associated with the foreign currency contracts have been estimated by the valuing position of the contracts using the applicable spot rates and forward rates as of the reporting date. In the statement of net assets available for benefits, forward contracts to purchase foreign currency are shown as currency contract payables and forward contracts to sell foreign currency are shown as currency contract receivables. Changes in fair values are accounted for as net appreciation (depreciation) in fair value of investments.

Futures Contracts

The Plan enters into futures contracts in the normal course of its investing activities to manage market risk associated with the Plan's fixed income investments and to achieve overall investment portfolio objectives. These contracts involve elements of market risk in excess of amounts recognized in the statements of net assets available for benefits. The credit risk associated with these contracts is minimal as they are traded on organized exchanges and settled daily.

During 2004, the Plan was a party to futures contracts held for trading purposes for U.S. Treasury Bonds. Upon entering into a futures contract, the Plan is required to deposit either in cash or securities an amount ("initial margin") equal to a certain percentage of the nominal value of the

 

16

COMPUTER SCIENCES CORPORATION

MATCHED ASSET PLAN

NOTES TO FINANCIAL STATEMENTS

Years ended December 31, 2004 and 2003

contract. Subsequent payments are then made or received by the Plan, depending on the daily fluctuations in the value of the underlying contracts.

At December 31, 2004, the Plan had futures contracts to buy and sell U.S. Treasury Bonds contracts with notional amounts of $700,000 and $6,900,000, respectively. Notional amounts do not quantify risk or represent assets or liabilities of the Plan, but are used in the calculation of cash settlements under the contracts.

The fair value of futures contracts in the statement of net assets available for benefits is zero at December 31, 2004, as settlements are by cash daily. Changes in fair values are accounted for as net appreciation (depreciation) in fair value of investments.

Note 12 Subsequent Events

Plan Merger

On January 5, 2005 the CSC Outsourcing Inc. Hourly Savings Plan and the CSC Outsourcing Inc. CUTW Hourly Savings Plan ("the Hourly Plans") merged into the Plan. The participants' investment account balances of the Hourly Plans were transferred into the Plan. As a result of the merger, participants of the Hourly Plans can participate in the Plan, effective January 5, 2005. The management of the Company believes that these mergers were tax-exempt transactions under the applicable provisions of the Code and, therefore, not subject to federal income taxes.

Spin-off

Effective January 6, 2005, the DynCorp International LLC Matched Asset Plan was spun-off from the Plan. The spin-off was agreed to as part of the sale of the DynCorp International LLC. Participant assets in the approximate amount of $253,800,000 were transferred to the spun-off plan in January 2005.

 

 

 

 

 

 

 

 

 

17

 

 

SIGNATURES

 

The Plan. Pursuant to the requirements of the Securities Act of 1934, the Computer Sciences Corporation Retirement and Employee Benefits Plans Committee has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Computer Sciences Corporation

MATCHED ASSET PLAN

 

 

Date: June 29, 2005 By: /s/ Leon J. Level

Leon J. Level

Chairman,

Computer Sciences Corporation

Retirement and Employee Benefits Plans Committee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

 

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,  par or maturity value 

(d) Cost**

(e) Current Value

 

SHORT-TERM INVESTMENTS

*

 

The Bank of NewYork

 

Collective Short Term Invest Fdnon-Discretionary

 

 

 

$           10,319,823

 

 

Mellon Capital Management Corp.

 

Mellon Temporary Investment Fund

 

 

 

 

1

 

 

State Street Bk & Tr Instl C/D

 

Certificates of Deposit 

12/11/06

 

 

 

200,000

 

 

HBOS Treas Svcs Plc Disc C/P

 

Commercial Paper 

01/26/05

 

 

 

397,854

 

 

Santander Cent Hisp Fin Deli C

 

Commercial Paper 

01/14/05

 

 

 

199,008

 

 

State Street Global Advisor

 

Money Market Fund

 

 

 

 

 

        172,263,178

 

 

 

 

 

Total Short-Term Investments

183,379,864

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Dollars

 

Cash Overdraft

 

 

 

 

 

(27,325)

*

 

Computer Sciences Corporation

 

Common Stock (14,391,364 shares) 

 

$753,479,432

811,241,189

*

 

Computer Sciences Corporation

 

Participant loans (maturing 2005 to 2019 at interest rates of 1% to 21%)

 

 

41,345,471

 

INTEREST IN REGISTERED INVESTMENT COMPANIES

 

 

Mellon Capital Management Corp.

 

Mutual Fund - EB Daily Liquidity Enhanced Asset Allocation

 

127,118,861

 

 

Mellon Capital Management Corp.

 

Mutual Fund - Daily Liquidity Stock Index Fund

 

395,616,320

 

 

Vanguard Group

 

Vanguard High Yield Corp Bond fund

 

 

 

34,076,119

 

 

 

 

 

 

 

 

 

 

 

 

 

Mellon Capital Management Corp.

 

Mutual Fund - Daily Liquidity Stock Index Fund

 

14,588,871

 

 

Mellon Capital Management Corp.

 

Mellon EB Daily Liquidity Aggregate Bond Index Fd

 

28,068,938

 

 

Mellon Capital Management Corp.

 

Mellon EB Daily Market Completion Fund

 

  4,072,824

 

 

 

 

 

Total Balanced 40/60 Fund

46,730,633

 

 

 

 

 

 

 

 

 

 

 

 

 

Mellon Capital Management Corp.

 

Mutual Fund - Daily Liquidity Stock Index Fund

 

38,700,889

 

 

Mellon Capital Management Corp.

 

Mellon EB Daily Liquidity Aggregate Bond Index Fd

 

32,964,916

 

 

Mellon Capital Management Corp.

 

Mellon EB Daily Market Completion Fund

 

         10,792,809

 

 

 

 

 

Total Balanced 60/40 Fund

82,458,614

 

 

 

 

 

 

 

 

 

 

 

 

 

Mellon Capital Management Corp.

 

Mutual Fund - Daily Liquidity Stock Index Fund

 

62,926,044

 

 

Mellon Capital Management Corp.

 

Mellon EB Daily Liquidity Aggregate Bond Index Fd

 

20,057,780

 

 

Mellon Capital Management Corp.

 

Mellon EB Daily Market Completion Fund

 

        17,561,633

 

 

 

 

 

Total Balanced 80/20 Fund

100,545,457

 

 

 

 

 

 

 

 

 

 

 

 

 

State Street Global Advisor

 

Mutual Fund - Ssga Index Plus Secs Lending Ser A Fund

 

74,818,379

 

 

Mellon Capital Management Corp.

 

Mutual Fund - Mellon EB Daily Market Completion Fund

 

181,226,501

 

 

Frank Russell

 

Mutual Fund - Frank Russell Equity #1 Fund

 

144,607,897

 

 

State Street Global Advisor

 

Mutual Fund - SSGA Gov't TIPS Bond Fund

 

24,179,465

 

 

T.Rowe Price

 

Mutual Fund - Frozen Stable Value Fund

 

       32,412,517

 

 

 

 

Total Interest in Registered Investment Companies

 

1,243,790,763

 

 

 

 

 

 

 

 

 

 

 

S-1

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

BONDS AND DEBENTURES

 

 

ASIF Global Financing Xxiii Nt144A

Corporate Fixed Income

3.900%

10/22/08

 

 

 

199,912

 

 

Bank Amer Corp

Corporate Fixed Income

3.250%

08/15/08

 

 

 

167,100

 

 

Banc One Corp

Corporate Fixed Income

2.625%

06/30/08

 

 

 

163,217

 

 

Bank One Corp

Corporate Fixed Income

6.000%

08/01/08

 

 

 

278,273

 

 

Bear Stearns Arm Tr2004-7 Mtg Passthru Ctf Cl-4Arate

Corporate Fixed Income

3.220%

10/25/34

 

 

 

1,508,138

 

 

Bear Stearns Alt-A Tr2004-13 Mtg Passthru Ctf Cl-A1

Corporate Fixed Income

2.900%

11/25/34

 

 

 

1,736,920

 

 

Cwmbs Inc Pass Thru Ctfschl Mtg Passthru Ctf 2001-Hyb1

Corporate Fixed Income

3.255%

06/19/31

 

 

 

107,361

 

 

Capital Auto Receivables Assettr2002-3 Asset Bkd Nt Cl A-3

Corporate Fixed Income

3.580%

10/16/06

 

 

 

1,174,107

 

 

Capital Auto Receivables Assettr2004-2 Asset Backed Nt Cl A-2

Corporate Fixed Income

3.350%

02/15/08

 

 

 

1,471,313

 

 

Chase Issuance Tr2004-9 Nt Cl A

 

Corporate Fixed Income

3.220%

06/15/10

 

 

 

1,092,310

 

 

Citibank Cr Card Issuance Tr2004-A1 Nt

Corporate Fixed Income

2.550%

01/20/09

 

 

 

1,376,177

 

 

Citigroup Incglobal Sr Nt Dtd 01/31/2003

Corporate Fixed Income

3.500%

02/01/08

 

 

 

851,187

 

 

Citibank Cr Card Issuance Tr2004-A4 Nt

Corporate Fixed Income

3.200%

08/24/09

 

 

 

1,311,336

 

 

Daimlerchrysler Auto Tr2002-C Asset Bkd Nt Cl A-4

Corporate Fixed Income

3.090%

01/08/08

 

 

 

1,647,853

 

 

Diageo Cap Plcglobal Nt

 

Corporate Fixed Income

3.375%

03/20/08

 

 

 

143,627

 

 

Federal Natl Mtg Assn Gtdremic Pass Thru Tra-1-Fixed Rt061604

Corporate Fixed Income

5.750%

08/25/34

 

 

 

2,067,478

 

 

First Rep Mtg Ln Tr V/Rcmo/Ser 2000 Cl-A2

Corporate Fixed Income

3.817%

06/25/30

 

 

 

181,738

 

 

General Elec Cap Corp M/T/Nser-A

 

Corporate Fixed Income

9.830%

12/15/08

 

 

 

212,778

 

 

General Elec Cap Corp M/T/N

 

Corporate Fixed Income

3.450%

07/16/07

 

 

 

897,561

 

 

GMAC Coml Mtg Secs Incmtg Passthru Ctf Ser 99-C3A-2

Corporate Fixed Income

7.179%

08/15/36

 

 

 

820,006

 

 

Golden West Finl Corp Del

 

Corporate Fixed Income

4.125%

08/15/07

 

 

 

147,165

 

 

Gs Mtg Secs Corp Ii V/Rcoml Mtg Passthru 2003-C1 Cl

Corporate Fixed Income

1.016%

01/10/40

 

 

 

757,429

 

 

Gs Mtg Secs Corp2004-9 Mtg Passthru Ctf Cl

Corporate Fixed Income

3.691%

08/25/34

 

 

 

1,708,543

 

 

Honda Auto Receivables 2004-2Owner Trasset Bkd Nt Cl A-3

Corporate Fixed Income

3.300%

06/16/08

 

 

 

1,404,548

 

 

Honda Auto Receivables 2004-3Owner Trasset Backed Nt Cl A-3

Corporate Fixed Income

2.910%

10/20/08

 

 

 

1,238,944

 

 

Household Finance Corp

 

Corporate Fixed Income

4.125%

12/15/08

 

 

 

351,432

 

 

IFC Sbap 97-1A V/R

 

Corporate Fixed Income

 

01/15/24

 

 

 

410,363

 

 

Lb-Ubs Coml Mtg Tr

 

Corporate Fixed Income

1.358%

04/15/37

 

 

 

698,298

 

 

MBNA Cr Card Master Nt Tr2003-7 Nt Cl A

Corporate Fixed Income

2.650%

11/15/10

 

 

 

1,592,486

 

 

Merck & Co Incglobal Nt

 

Corporate Fixed Income

5.250%

07/01/06

 

 

 

128,120

 

 

Missouri Higher Ed Ln Auth Student Lnrevt-Bill Fltg Rate Nts-Ptaxable Call

Corporate Fixed Income

 

07/25/08

 

 

 

359,742

 

 

Morgan Stanley Cap I Incmorgan Stanley Cap I Inccoml Mtg Passthru Ctf 99-Fnv1Cl A-2

Corporate Fixed Income

6.530%

03/15/31

 

 

 

1,465,472

S-2

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Nissan Auto Receivables 2001-Cowner Trser 2001-C Cl A4

Corporate Fixed Income

4.800%

02/15/07

 

 

 

638,735

 

 

Ontario Prov Cdaontario Prov Cdabd Dtd 07/16/2004

Corporate Fixed Income

3.350%

07/16/07

 

 

 

348,352

 

 

Residential Accredit Lns Incmtg Pass Thru Ctfa-1-Fixed Rt122001

Corporate Fixed Income

6.000%

12/25/16

 

 

 

192,298

 

 

Residential Fdg Mtg Secs I Incmtg Pass Thru Ctfs2004-Sr1 Mtg Passthru Ctf Cl-A1

Corporate Fixed Income

5.500%

09/25/33

 

 

 

1,242,661

 

 

Sears Cr Account Master Tr Iiser 2000-2 Tr Ctf Cl A

Corporate Fixed Income

6.750%

09/16/09

 

 

 

896,848

 

 

State Str Cap Tr Iigtd Med Term Cap Secs Fltg

Corporate Fixed Income

 

02/15/08

 

 

 

326,456

 

 

Structured Asset Secs Corpcoml Mtg Passthru Ctf 97-Lli Cl A2'Seq Payer'

Corporate Fixed Income

6.840%

10/12/34

 

 

 

104,380

 

 

Structured Asset Secs Corp2004-3Ac Mtg Passthru Ctf Cl

Corporate Fixed Income

4.920%

03/25/34

 

 

 

1,362,243

 

 

Structured Adj Rate Mtg Ln Tr2004-13 Mtg Passthru Ctf Cl

Corporate Fixed Income

1.997%

09/25/34

 

 

 

1,241,423

 

 

Tms Sba Ln Tr1997-1 Sba Ln Bkd Ctf Cl Badj Rate

Corporate Fixed Income

6.020%

01/15/25

 

 

 

175,770

 

 

Tms Sba Ln Tr1996-2 Sba Ln Bkd Ctf Cl A Adja-Var Rate122096

Corporate Fixed Income

4.229%

04/15/24

 

 

 

295,877

 

 

Union Planters Mtg Fin Corpser 1999-1 Mtg Passthru Ctf Cla-1

Corporate Fixed Income

6.250%

04/01/29

 

 

 

71,143

 

 

Slm Corp M/T/N

 

Corporate Fixed Income

5.625%

04/10/07

 

 

 

62,571

 

 

U S Bk Natl Assn Minneapolisminnsub Nt Dtd 07/23/1998

Corporate Fixed Income

6.300%

07/15/08

 

 

 

292,272

 

 

Verizon Global Fdg Corp

 

Corporate Fixed Income

6.125%

06/15/07

 

 

 

423,652

 

 

Vodafone Group Plc Newvodafone Group Plc Newnt Dtd 12/18/2002

Corporate Fixed Income

3.950%

01/30/08

 

 

 

110,767

 

 

Virginia Elec & Pwr Co

 

Corporate Fixed Income

5.750%

03/31/06

 

 

 

478,694

 

 

Wachovia Corp 2Nd Newnt

 

Corporate Fixed Income

3.500%

08/15/08

 

 

 

247,500

 

 

Washington Mut Mtg Secs Corp2001-9 Mtg Passthru Ctf Cl 1A1Rate

Corporate Fixed Income

 

04/25/28

 

 

 

174,009

 

 

Washington Mut Mtg Secs Corp2002-Ar1 Msc Mtg Passthru Ctfvar Rate

Corporate Fixed Income

3.968%

11/25/30

 

 

 

308,420

 

 

Washington Mut Mtg Secs Corp2002-Ms1 Mtg Passthru Ctf Clii-A-1-Fixed Rt

Corporate Fixed Income

6.250%

02/25/32

 

 

 

258,257

 

 

Tms Sba Ln Tr V/R1997-1A

 

Corporate Fixed Income

6.500%

01/15/25

 

 

 

252,164

 

 

Us Central Credit Union

 

Corporate Fixed Income

2.750%

05/30/08

 

 

 

280,688

 

 

American Express Bk Fsb M/T/N V/R

Corporate Fixed Income

 

11/21/07

 

 

 

399,832

 

 

Anadarko Fin Cosr Nt

 

Corporate Fixed Income

7.500%

05/01/31

 

 

 

68,142

 

 

Asif Global Financing Xxiii Nt144A

 

Corporate Fixed Income

3.900%

10/22/08

 

 

 

164,927

 

 

Bank Amer Corp

 

Corporate Fixed Income

3.250%

08/15/08

 

 

 

309,626

 

 

Banc One Corp

 

Corporate Fixed Income

2.625%

06/30/08

 

 

 

139,215

 

 

Banc Amer Alternative Ln Tr2004-6 Mtg Passthru Ctf Cl

Corporate Fixed Income

5.000%

07/25/19

 

 

 

283,882

S-3

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Banc Amer Alternative Ln Tr2004-5 Mtg Passthru Ctf Cl4-A-1-Fixed Rt052504

Corporate Fixed Income

5.000%

06/25/19

 

 

 

282,998

 

 

Bankamerica Corp

 

Corporate Fixed Income

6.250%

04/01/08

 

 

 

53,757

 

 

Bankamerica Corp Deb

 

Corporate Fixed Income

5.875%

02/15/09

 

 

 

118,092

 

 

Bank One Corp

 

Corporate Fixed Income

6.000%

08/01/08

 

 

 

230,110

 

 

Bellsouth Corpdeb

 

Corporate Fixed Income

6.550%

06/15/34

 

 

 

27,241

 

 

Bellsouth Corp

 

Corporate Fixed Income

4.200%

09/15/09

 

 

 

175,457

 

 

Berkshire Hathaway Fin Corpsr Nt

 

Corporate Fixed Income

3.375%

10/15/08

 

 

 

123,570

 

 

Boston Scientific Corpnt

 

Corporate Fixed Income

5.450%

06/15/14

 

 

 

62,331

 

 

Bristol-Meyer Squibb

 

Corporate Fixed Income

6.875%

08/01/97

 

 

 

57,353

 

 

British Telecommunicationsp L Cnt

 

Corporate Fixed Income

8.875%

12/15/30

 

 

 

6,695

 

 

Canadian Pac Ry Co Newnt

 

Corporate Fixed Income

6.250%

10/15/11

 

 

 

82,667

 

 

Canadian Pac Ry Co Newsr Nt Dtd 03/24/2003

Corporate Fixed Income

5.750%

03/15/33

 

 

 

101,053

 

 

Capital Auto Receivables Assettr2002-5 Asset Bkd Nt Cl A-4

Corporate Fixed Income

2.920%

04/15/08

 

 

 

748,649

 

 

Chase Coml Mtg Secs Corp1999-2 Coml Mtg Passthru Ctfcl A-2

Corporate Fixed Income

7.198%

01/15/32

 

 

 

281,584

 

 

Chase Issuance Tr2004-9 Nt Cl A

 

Corporate Fixed Income

3.220%

06/15/10

 

 

 

645,456

 

 

Chrysler Corp

 

Corporate Fixed Income

7.450%

03/01/27

 

 

 

27,797

 

 

Citigroup Inc

 

Corporate Fixed Income

 

06/09/09

 

 

 

801,216

 

 

Citibank Cr Card Issuance Trnt 2000-A1 Cl A1

Corporate Fixed Income

6.900%

10/15/07

 

 

 

617,931

 

 

Citigroup Incnt

 

Corporate Fixed Income

6.200%

03/15/09

 

 

 

54,342

 

 

Citibank Cr Card Issuance Tr2004-A1 Nt

Corporate Fixed Income

2.550%

01/20/09

 

 

 

737,238

 

 

Citigroup Incglobal Sr Nt Dtd 01/31/2003

Corporate Fixed Income

3.500%

02/01/08

 

 

 

373,328

 

 

Citibank Cr Card Issuance Tr2003 A-6 Nt

Corporate Fixed Income

2.900%

05/17/10

 

 

 

486,802

 

 

Citigroup Incglobal Nt Dtd 02/09/2004

Corporate Fixed Income

3.625%

02/09/09

 

 

 

396,572

 

 

Citibank Cr Card Issuance Tr2004-A4 Nt

Corporate Fixed Income

3.200%

08/24/09

 

 

 

816,492

 

 

Comcast Cable Communications

 

Corporate Fixed Income

6.375%

01/30/06

 

 

 

77,471

 

 

Comcast Corp Newnt

 

Corporate Fixed Income

7.050%

03/15/33

 

 

 

97,260

 

 

Conoco Funding Co 6.35 15Oct2011

 

Corporate Fixed Income

6.350%

10/15/11

 

 

 

111,618

 

 

Conoco Inc Usd

 

Corporate Fixed Income

6.950%

04/15/29

 

 

 

17,713

 

 

Consolidated Nat Gas Cosr Nt

 

Corporate Fixed Income

5.000%

03/01/14

 

 

 

25,059

 

 

Continental Cablevision Inc Sr Nt

 

Corporate Fixed Income

8.300%

05/15/06

 

 

 

47,804

 

 

Credit Suisse First Boston Mtgsecs Corpcoml Mtg Passthru Ctf 1998-C2Cl A-2

Corporate Fixed Income

6.300%

11/11/30

 

 

 

355,975

 

 

Cwalt Inc2004-27Cb Mtg Passthru Ctf Cl-A1

Corporate Fixed Income

6.000%

12/25/34

 

 

 

609,867

 

 

Daimlerchrysler Auto Tr2001-C Asset Bkd Nt Cl A-4

Corporate Fixed Income

4.630%

12/06/06

 

 

 

217,517

 

 

Daimlerchrysler North Amer Mtnhldg Corp Medium Term Nts Booktranche # Tr 00036

Corporate Fixed Income

 

09/10/07

 

 

 

150,492

 

 

Daimlerchrysler North Amerhldg Corp

Corporate Fixed Income

4.050%

06/04/08

 

 

 

49,897

 

 

Depfa Acs Bkasset Covered Secs

 

Corporate Fixed Income

3.625%

10/29/08

 

 

 

296,763

 

 

Devon Fing Corp U L Cdeb

 

Corporate Fixed Income

7.875%

09/30/31

 

 

 

125,908

 

 

Deutsche Telekom Int 8.25 15Jun2005Gtd Nt

Corporate Fixed Income

8.250%

06/15/05

 

 

 

25,583

 

 

Deutsche Telekom Intl Fin B Vgtd Nt

 

Corporate Fixed Income

8.750%

06/15/30

 

 

 

26,409

S-4

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Dlj Coml Mtg Corpcoml Mtg Passthru Ctf 1998-Cf1Cl A-1B

Corporate Fixed Income

6.410%

02/18/31

 

 

 

106,807

 

 

Dominion Res Inc Delnt Dtd 09/16/2002

Corporate Fixed Income

5.700%

09/17/12

 

 

 

105,880

 

 

Dominion Res Inc Del

 

Corporate Fixed Income

5.125%

12/15/09

 

 

 

51,735

 

 

Eksportfinans A S A Mediumterm Nts Book Entrytranche # Tr 00012

Corporate Fixed Income

3.375%

01/15/08

 

 

 

432,757

 

 

Encana Corpnt

 

Corporate Fixed Income

6.505%

08/15/34

 

 

 

54,890

 

 

Eop Oper Ltd Partnershipnt

 

Corporate Fixed Income

7.250%

06/15/28

 

 

 

56,643

 

 

Eop Oper Ltd Partnershipgtd Nt

 

Corporate Fixed Income

4.750%

03/15/14

 

 

 

53,205

 

 

Exelon Corp

 

Corporate Fixed Income

6.750%

05/01/11

 

 

 

27,966

 

 

First Un Corpsub Nt

 

Corporate Fixed Income

6.300%

04/15/08

 

 

 

134,110

 

 

First Union-Lehman Bros Bk-Amercoml Mtg Trser 1998-C2 Passthru Ctf Cl A2

Corporate Fixed Income

6.560%

11/18/35

 

 

 

354,795

 

 

Firstenergy Corpnt Ser C

 

Corporate Fixed Income

7.375%

11/15/31

 

 

 

62,809

 

 

Fleetboston Finl Corpfleetboston Finl Corpsr Nt Dtd 02/13/2003

Corporate Fixed Income

3.850%

02/15/08

 

 

 

90,418

 

 

General Elec Cap Corp M/T/N

 

Corporate Fixed Income

4.250%

01/15/08

 

 

 

650,131

 

 

General Elec Cap Corp Mediumterm Nts Book Entrytranche # Tr 00649

Corporate Fixed Income

 

07/28/08

 

 

 

425,366

 

 

General Elec Cap Corp M/T/N

 

Corporate Fixed Income

3.600%

10/15/08

 

 

 

306,612

 

 

General Elec Cap Corp M/T/Nterm Nts Book Entrytranche # Tr 00669

Corporate Fixed Income

4.375%

11/21/11

 

 

 

39,763

 

 

General Mls Incnt

 

Corporate Fixed Income

5.125%

02/15/07

 

 

 

56,470

 

 

General Motors Accep Corp

 

Corporate Fixed Income

5.625%

05/15/09

 

 

 

320,013

 

 

General Mtrs Accep Corp

 

Corporate Fixed Income

6.875%

09/15/11

 

 

 

15,372

 

 

General Motors Accep Corp Nt

 

Corporate Fixed Income

8.000%

11/01/31

 

 

 

113,067

 

 

GMAC Commercial Mortgage Secur

 

Corporate Fixed Income

6.175%

05/15/33

 

 

 

188,623

 

 

GMAC Comm Mtg Sec Inc

 

Corporate Fixed Income

6.945%

09/15/33

 

 

 

470,139

 

 

GMAC Coml Mtg Secs Incmtg Passthru Ctf Ser 99-C3A-2

Corporate Fixed Income

7.179%

08/15/36

 

 

 

474,220

 

 

Gs Mtg Secs Corp Iicoml Mtg Passthru Ctf 1998-C1A-3-Fixed Rt102698

Corporate Fixed Income

6.135%

10/18/30

 

 

 

328,234

 

 

 

 

 

 

 

 

 

 

 

Gs Mtg Secs Corp2004-9 Mtg Passthru Ctf Cl4A1-Var Rate072804

Corporate Fixed Income

4.072%

08/25/34

 

 

 

947,383

 

 

Hsbc Bk Usa Global Medium Termsr Bk Nts Book Entrytranche # Sr 00012

Corporate Fixed Income

 

09/21/07

 

 

 

300,126

 

 

Hsbc Bk Usa Globalsr Bk Nts

 

Corporate Fixed Income

3.875%

09/15/09

 

 

 

322,166

 

 

Heller Finl Coml Mtg Asset Corpmtg Passthru Ctf Ser 1999-Ph-1 Cl-A2

Corporate Fixed Income

6.847%

05/15/31

 

 

 

246,745

 

 

Household Finance Corp

 

Corporate Fixed Income

4.125%

12/15/08

 

 

 

100,409

 

 

Household Fin Corpnt Dtd 05/22/2002Acquired By Household Intl Inc06/26/1981

Corporate Fixed Income

7.000%

05/15/12

 

 

 

68,519

 

 

Household Fin Corp Nt

 

Corporate Fixed Income

6.450%

02/01/09

 

 

 

43,474

 

 

Household Fin Corpntacquired By Household Intl Inc06/26/1981

Corporate Fixed Income

4.125%

11/16/09

 

 

 

283,467

 

S-5

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

J P Morgan Chase & Cont Dtd 03/01/2002

Corporate Fixed Income

5.350%

03/01/07

 

 

 

181,652

 

 

J P Morgan Chase Coml Mtg Secscorp2001-Cibc2 Coml Mtg Passthru

Corporate Fixed Income

6.429%

04/15/35

 

 

 

383,072

 

 

J P Morgan Chase & Cont Dtd 03/02/2004

Corporate Fixed Income

3.500%

03/15/09

 

 

 

83,280

 

 

Kraft Foods Incnt

 

Corporate Fixed Income

6.250%

06/01/12

 

 

 

71,355

 

 

Lb-Ubs Coml Mtg Tr

 

Corporate Fixed Income

7.370%

08/15/26

 

 

 

348,489

 

 

Lb-Ubs Coml Mtg Tr2004-C8 Cl-A22004-C8 Coml Mtg Passthru Ctf

Corporate Fixed Income

4.201%

12/15/29

 

 

 

431,011

 

 

Lehman Brothers Hldgs Inc

 

Corporate Fixed Income

7.000%

02/01/08

 

 

 

27,315

 

 

Lockheed Martin Corp 8.50 01Dec2029

Corporate Fixed Income

8.500%

12/01/29

 

 

 

218,925

 

 

Marsh & Mclennan Cos Incmarsh & Mclennan Cos Incsr Nt

Corporate Fixed Income

5.375%

07/15/14

 

 

 

53,738

 

 

Massmutual Global Fdg Iimedium Term Nts Book Entrytranche # Tr 00009

Corporate Fixed Income

2.550%

07/15/08

 

 

 

139,155

 

 

Mastr Alternative Ln Tr2004-4 Mtg Passthru Ctf Cl-1A1

Corporate Fixed Income

5.500%

05/25/34

 

 

 

268,731

 

 

MBNA Cr Card Master Nt Tr2003-7 Nt Cl A

Corporate Fixed Income

2.650%

11/15/10

 

 

 

651,472

 

 

MBNA Cr Card Master Nt Tr2004-4 Nt Cl A

Corporate Fixed Income

2.700%

09/15/09

 

 

 

589,941

 

 

Merck & Co Incsr Nt Dtd 02/18/2003

 

Corporate Fixed Income

4.375%

02/15/13

 

 

 

97,586

 

 

Metropolitan Life Global Fdg I *Pp*Medium Term Nts Book Entrytranche # Tr 00011144A

Corporate Fixed Income

4.250%

07/30/09

 

 

 

110,722

 

 

Morgan J P Coml Mtg Fin Corpmtg Passthru Ctf 2000-C10 Cl

Corporate Fixed Income

7.371%

08/15/32

 

 

 

357,401

 

 

Morgan Stanley Cap I Incmorgan Stanley Cap I Inccoml Mtg Passthru Ctf 98-Hf2Cl A-2

Corporate Fixed Income

6.480%

11/15/30

 

 

 

473,634

 

 

National Westminster Bk Plc

 

Corporate Fixed Income

7.375%

10/01/09

 

 

 

85,383

 

 

News Amer Hldgs Inc Sr Deb

 

Corporate Fixed Income

7.750%

01/20/24

 

 

 

47,435

 

 

News Amer Incgtd Sr Deb Dtd 04/30/1998

Corporate Fixed Income

7.300%

04/30/28

 

 

 

114,585

 

 

News Amer Incsr Deb

 

Corporate Fixed Income

7.280%

06/30/28

 

 

 

28,571

 

 

Northrop Grumman 7.875 01Mar2026

Corporate Fixed Income

7.875%

03/01/26

 

 

 

94,460

 

 

Northrop Grumman Corpnt

 

Corporate Fixed Income

7.125%

02/15/11

 

 

 

63,119

 

 

Northrop Grumman Corpsr Ntformerly Northrop Corp To05/19/1994

Corporate Fixed Income

4.079%

11/16/06

 

 

 

131,313

 

 

Occidental Pete Corpsr Nt

 

Corporate Fixed Income

8.450%

02/15/29

 

 

 

60,958

 

 

Pennsylvania Elec Cosr Nt

 

Corporate Fixed Income

5.125%

04/01/14

 

 

 

50,025

 

 

Protective Life Secd Trs Secd M/T/N

 

Corporate Fixed Income

3.700%

11/24/08

 

 

 

104,691

 

 

Progress Energy Incsr Nt

 

Corporate Fixed Income

7.750%

03/01/31

 

 

 

66,008

 

 

Progress Energy Incsr Nt

 

Corporate Fixed Income

7.000%

10/30/31

 

 

 

55,374

 

 

Rbs Cap Tr I Pfdtr Secs

 

Corporate Fixed Income

4.709%

12/29/49

 

 

 

170,485

 

 

Raytheon Cont Dtd 11/15/2002

 

Corporate Fixed Income

4.500%

11/15/07

 

 

 

19,439

 

 

Rouse Cont

 

Corporate Fixed Income

3.625%

03/15/09

 

 

 

155,552

 

 

SBC Communications Incglobal Nt

 

Corporate Fixed Income

6.450%

06/15/34

 

 

 

26,784

 

 

SBC Communications Incglobal Nt

 

Corporate Fixed Income

4.125%

09/15/09

 

 

 

74,864

 

 

Salomon Bros Coml Mtg Trcoml Mtg Passthru Ctf 2000-C3Cl A2

Corporate Fixed Income

6.592%

12/18/33

 

 

 

392,331

 

S-6

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Slm Student Ln Tr V/R2004-9 Student Ln Bkd Nt Cl-A1

Corporate Fixed Income

2.690%

10/26/09

 

 

 

874,594

 

 

Slm Corp Medium Term Nts Bookentrytranche # Tr 00077

Corporate Fixed Income

4.000%

01/15/10

 

 

 

248,065

 

 

Structured Asset Secs Corp *Pp*2003-Al2 Asset Bkd Ctf Cl A144A

Corporate Fixed Income

3.357%

01/25/31

 

 

 

363,876

 

 

Suncor Energy Incnt Dtd 11/24/2003Formerly Suncor Inc To04/17/1997

Corporate Fixed Income

5.950%

12/01/34

 

 

 

36,693

 

 

Suntrust Bank Inc

 

Corporate Fixed Income

3.625%

10/15/07

 

 

 

204,520

 

 

Suntrust Banks Inc C/D

 

Corporate Fixed Income

4.415%

06/15/09

 

 

 

112,406

 

 

Suntrust Bk Inc

 

Corporate Fixed Income

4.000%

10/15/08

 

 

 

70,645

 

 

Swedish Expt Cr Corp-Ab Svensk

 

Corporate Fixed Income

2.875%

01/26/07

 

 

 

123,746

 

 

Tci Communications Inc Deb

 

Corporate Fixed Income

7.125%

02/15/28

 

 

 

129,958

 

 

Telecom Italia Capgtd Sr Nt

 

Corporate Fixed Income

4.950%

09/30/14

 

 

 

29,392

 

 

Tiaa Global Mkts Inc

 

Corporate Fixed Income

3.875%

01/22/08

 

 

 

216,333

 

 

Time Warner Companies Inc V/Rdeb

 

Corporate Fixed Income

8.180%

08/15/07

 

 

 

111,057

 

 

Time Warner Companies Incdeb

 

Corporate Fixed Income

7.570%

02/01/24

 

 

 

258,797

 

 

Ubs Pfd Fdg Tr Itr Pfd Secs8.622% To 10/10 Thereafter V/R

Corporate Fixed Income

8.622%

10/29/49

 

 

 

60,101

 

 

U S Bancorp M/T/N

 

Corporate Fixed Income

3.950%

08/23/07

 

 

 

25,240

 

 

U S Bk Natl Assn Cincinnatiohio Medium Term Bk Nts Booktranche # Tr 00226

Corporate Fixed Income

 

10/01/07

 

 

 

599,958

 

 

Vodafone Airtouch Plcntformerly Vodafone Group Plc To06/28/1999

Corporate Fixed Income

7.750%

02/15/10

 

 

 

214,685

 

 

Verizon Global Fdg Corpnt

 

Corporate Fixed Income

7.750%

12/01/30

 

 

 

12,433

 

 

Verizon Md Incdeb Ser A

 

Corporate Fixed Income

6.125%

03/01/12

 

 

 

129,246

 

 

Verizon New Jersey Incdeb Ser A Dtd 01/15/2002

Corporate Fixed Income

5.875%

01/17/12

 

 

 

58,436

 

 

Verizon Md Incdeb Ser B

 

Corporate Fixed Income

5.125%

06/15/33

 

 

 

80,732

 

 

Virginia Elec & Pwr Co

 

Corporate Fixed Income

5.750%

03/31/06

 

 

 

205,890

 

 

Wachovia Bk Coml Mtg Tr2003-C6 Coml Mtg Passthru Ctf

Corporate Fixed Income

5.125%

08/15/35

 

 

 

513,727

 

 

Wells Fargo Co

 

Corporate Fixed Income

 

09/28/07

 

 

 

125,023

 

 

Wells Fargo Bk N A

 

Corporate Fixed Income

7.800%

06/15/10

 

 

 

102,093

 

 

Wells Fargo & Co Newsr Nt Fltg Rate

 

Corporate Fixed Income

 

09/15/09

 

 

 

384,546

 

 

Wells Fargo & Co Newnt

 

Corporate Fixed Income

4.200%

01/15/10

 

 

 

376,523

 

 

Wells Fargo Mtg Backed Secs V/R2004-K Tr Mtg Passthru Ctf Cl 1A2'Cstr,Pt,As'

Corporate Fixed Income

4.482%

07/25/34

 

 

 

797,490

 

 

Wells Fargo & Co Newnt

 

Corporate Fixed Income

4.000%

08/15/08

 

 

 

629,181

 

 

Wyeth

 

Corporate Fixed Income

6.500%

02/01/34

 

 

 

69,348

 

 

Xl Cap Ltd

 

Corporate Fixed Income

6.375%

11/15/24

 

 

 

63,157

 

 

Associates Corp North Amer Sr Nts

 

Corporate Fixed Income

6.875%

11/15/08

 

 

 

386,323

 

 

Burlington Northern Santa Fe Corp

 

Corporate Fixed Income

4.875%

01/15/15

 

 

 

49,816

 

 

Wachovia Corporation2Nd New Com

 

Corporate Fixed Income

3.625%

02/17/09

 

 

 

              54,367

 

 

 

 

 

Total Corporate Bonds

69,545,372

 

S-7

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

 

 

 

 

 

 

 

 

 

 

FNMA Gtd Remiccmo/Ser 2002-14 Cl-T-6

Gov't Assets and Mortg Backed

3.310%

02/25/32

 

 

 

343,466

 

 

FHLMCcmo/Ser 2654 Cl-Ob

 

Gov't Assets and Mortg Backed

5.000%

03/15/18

 

 

 

1,318,543

 

 

GNMA Pool # 80947

 

Gov't Assets and Mortg Backed

3.750%

06/20/34

 

 

 

3,045,717

 

 

Gs Mtg Secs Corp2004-11 Mtg Passthru Ctf Cl-1A1

Gov't Assets and Mortg Backed

4.480%

09/25/34

 

 

 

1,348,277

 

 

GNMA Pool # 780487

 

Gov't Assets and Mortg Backed

7.250%

04/15/06

 

 

 

9,995

 

 

GNMA Pool # 780985

 

Gov't Assets and Mortg Backed

6.000%

12/15/08

 

 

 

206,206

 

 

GNMA Pool # 781284

 

Gov't Assets and Mortg Backed

6.000%

02/15/11

 

 

 

282,721

 

 

FHLMC Corp Grp # 775626

 

Gov't Assets and Mortg Backed

4.147%

09/01/23

 

 

 

390,780

 

 

FHLMC Corp Grp # 788612

 

Gov't Assets and Mortg Backed

7.350%

03/01/31

 

 

 

45,336

 

 

FNMA Pool # 252317

 

Gov't Assets and Mortg Backed

5.500%

02/01/09

 

 

 

285,060

 

 

FNMA Pool # 251904

 

Gov't Assets and Mortg Backed

6.000%

08/01/08

 

 

 

171,087

 

 

FNMA Pool # 86643

 

Gov't Assets and Mortg Backed

5.287%

06/01/29

 

 

 

5,257

 

 

FNMA Pool # 0323331

 

Gov't Assets and Mortg Backed

6.500%

11/01/08

 

 

 

297,303

 

 

FNMA Pool # 555255

 

Gov't Assets and Mortg Backed

6.196%

04/01/40

 

 

 

472,414

 

 

FNMA Pool # 460770

 

Gov't Assets and Mortg Backed

3.407%

12/01/09

 

 

 

744,008

 

 

FNMA Remic Trpass Thru Tr 2004-28 Cl-Pb

Gov't Assets and Mortg Backed

6.000%

08/25/28

 

 

 

510,898

 

 

FNMA Remic Trpass Thru Tr Ser 2003-87 Cl-Tj

Gov't Assets and Mortg Backed

4.500%

09/25/18

 

 

 

194,880

 

 

FNMA Remic Trcmo/Ser 1993-221 Cl-D 'Pac(11)'

Gov't Assets and Mortg Backed

6.000%

12/25/08

 

 

 

86,755

 

 

FNMA Remic Trremic Pass Thru Tr Ser 2003-16 Cl-Bc

Gov't Assets and Mortg Backed

5.000%

03/25/18

 

 

 

130,707

 

 

FHLMC Remic Trcmo/Ser 2538 Cl-Cbn Ctfs Gtd

Gov't Assets and Mortg Backed

5.000%

12/15/17

 

 

 

284,992

 

 

FNMA Remic Trremic Pass Thru Tr Ser 2004-88 Cl-Ha

Gov't Assets and Mortg Backed

6.500%

07/25/34

 

 

 

305,105

 

S-8

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

FNMA Gtdremic Pass Thru Trpreassign 00674

Gov't Assets and Mortg Backed

5.500%

01/25/34

 

 

 

462,673

 

 

FHLMCcmo/Ser 2864 Cl-Na

 

Gov't Assets and Mortg Backed

5.500%

01/15/31

 

 

 

455,519

 

 

Gov't Nat'l Mtg Assn Pool# 781590

 

Gov't Assets and Mortg Backed

5.500%

04/15/33

 

 

 

549,581

 

 

GNMA Pool # 582386

 

Gov't Assets and Mortg Backed

6.000%

10/15/32

 

 

 

44,441

 

 

GNMA Pool # 589206

 

Gov't Assets and Mortg Backed

6.000%

10/15/32

 

 

 

18,105

 

 

GNMA Pool # 599742

 

Gov't Assets and Mortg Backed

6.000%

10/15/32

 

 

 

9,431

 

 

GNMA Pool # 80916

 

Gov't Assets and Mortg Backed

3.750%

05/20/34

 

 

 

497,153

 

 

Small Business Admin Gtd Partnctfsser Sbic-Ps 2003-10 A

Gov't Assets and Mortg Backed

4.524%

02/10/13

 

 

 

456,799

 

 

FNMA TBA 15Yr Sfm 4.00 Jan

 

Gov't Assets and Mortg Backed

 

01/01/20

 

 

 

390,375

 

 

GNMA Pool # 590089

 

Gov't Assets and Mortg Backed

5.500%

07/15/33

 

 

 

282,246

 

 

GNMA Pool # 572394

 

Gov't Assets and Mortg Backed

7.000%

11/15/31

 

 

 

14,020

 

 

GNMA Pool # 623389

 

Gov't Assets and Mortg Backed

6.000%

02/15/34

 

 

 

1,148,528

 

 

GNMA Pool # 499416

 

Gov't Assets and Mortg Backed

6.000%

02/15/29

 

 

 

6,848

 

 

GNMA Pool # 372062

 

Gov't Assets and Mortg Backed

6.500%

03/15/24

 

 

 

105,816

 

 

GNMA Pool # 781548

 

Gov't Assets and Mortg Backed

7.000%

11/15/32

 

 

 

29,824

 

 

GNMA Pool # 781328

 

Gov't Assets and Mortg Backed

7.000%

09/15/31

 

 

 

131,266

 

 

FNMA TBA 15Yr Sfm 06.00% Jan

 

Gov't Assets and Mortg Backed

 

01/01/20

 

 

 

(838,000)

 

 

FHLMC TBA 15Yr Gold Sfm 05.50% Jan

Gov't Assets and Mortg Backed

 

01/01/19

 

 

 

103,250

 

 

FHLMC TBA 15Yr Gold Sfm 04.50% Jan

Gov't Assets and Mortg Backed

 

01/15/20

 

 

 

(398,500)

 

 

FHLMC Corp Grp # M80817

 

Gov't Assets and Mortg Backed

4.000%

05/01/10

 

 

 

236,377

 

 

FNMA TBA 15Yr Sfm 04.50% Jan

 

Gov't Assets and Mortg Backed

 

01/01/19

 

 

 

(996,563)

 

 

FNMA TBA 30Yr Sfm 04.50% Jan

 

Gov't Assets and Mortg Backed

4.500%

01/01/35

 

 

 

483,125

 

 

FNMA TBA 15Yr Sfm 05.50% Jan

 

Gov't Assets and Mortg Backed

 

01/01/20

 

 

 

(1,239,750)

 

S-9

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

FNMA TBA 30Yr Sfm 06.50% Jan

 

Gov't Assets and Mortg Backed

 

01/01/35

 

 

 

524,219

 

 

FHLMC Corp Grp # G01391

 

Gov't Assets and Mortg Backed

7.000%

04/01/32

 

 

 

155,519

 

 

FHLMC Corp Grp # E00627

 

Gov't Assets and Mortg Backed

5.500%

02/01/14

 

 

 

264,111

 

 

FHLMC TBA 30Yr Gold Sfm 06.00% Jan

Gov't Assets and Mortg Backed

 

01/01/34

 

 

 

(309,844)

 

 

FHLMC Corp Grp # E91860

 

Gov't Assets and Mortg Backed

5.500%

10/01/17

 

 

 

149,430

 

 

FHLMC Corp Grp # E88978

 

Gov't Assets and Mortg Backed

5.500%

04/01/17

 

 

 

161,155

 

 

FHLMC Corp Grp # C90213

 

Gov't Assets and Mortg Backed

7.000%

04/01/18

 

 

 

39,105

 

 

FHLMC Corp Grp # G01534

 

Gov't Assets and Mortg Backed

6.000%

04/01/33

 

 

 

589,115

 

 

FNMA TBA 30Yr Sfm 05.50% Jan

 

Gov't Assets and Mortg Backed

 

01/01/35

 

 

 

(3,552,500)

 

 

FNMA TBA 15Yr Sfm 05.00% Jan

 

Gov't Assets and Mortg Backed

 

01/01/20

 

 

 

2,335,938

 

 

FHLMC TBA 15Yr Gold Sfm 05.00% Jan

Gov't Assets and Mortg Backed

 

01/01/19

 

 

 

507,500

 

 

FNMA TBA 30Yr Sfm 06.00% Jan

 

Gov't Assets and Mortg Backed

 

01/01/35

 

 

 

1,654,000

 

 

FNMA TBA 30Yr Sfm 05.00% Jan

 

Gov't Assets and Mortg Backed

 

01/01/35

 

 

 

991,875

 

 

FHLMC TBA 30Yr Gold Sfm 05.00% Jan

Gov't Assets and Mortg Backed

 

01/15/33

 

 

 

496,406

 

 

FHLMC Corp Grp # C49499

 

Gov't Assets and Mortg Backed

6.500%

04/01/31

 

 

 

9,757

 

 

FHLMC Corp Grp # A12429

 

Gov't Assets and Mortg Backed

5.500%

08/01/33

 

 

 

39,521

 

 

FHLMC Corp Grp # B14156

 

Gov't Assets and Mortg Backed

4.000%

05/01/19

 

 

 

184,394

 

 

FHLMC Corp Grp # B14838

 

Gov't Assets and Mortg Backed

4.500%

06/01/19

 

 

 

470,457

 

 

FNMA Pool # 545762

 

Gov't Assets and Mortg Backed

6.500%

07/01/32

 

 

 

96,864

 

 

FNMA Pool # 786298

 

Gov't Assets and Mortg Backed

5.500%

07/01/19

 

 

 

310,275

 

 

FNMA Pool # 783710

 

Gov't Assets and Mortg Backed

5.500%

07/01/34

 

 

 

393,682

 

 

FNMA Pool # 255413

 

Gov't Assets and Mortg Backed

6.500%

10/01/34

 

 

 

468,112

 

 

FNMA Pool # 783713

 

Gov't Assets and Mortg Backed

5.500%

05/01/34

 

 

 

94,656

 

S-10

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

FNMA Pool # 555114

 

Gov't Assets and Mortg Backed

5.500%

12/01/17

 

 

 

14,512

 

 

FNMA Pool # 738632

 

Gov't Assets and Mortg Backed

5.000%

11/01/18

 

 

 

179,748

 

 

FNMA Pool # 270269

 

Gov't Assets and Mortg Backed

5.500%

12/01/08

 

 

 

285,070

 

 

FNMA Pool # 357414

 

Gov't Assets and Mortg Backed

4.000%

07/01/18

 

 

 

365,900

 

 

FNMA Pool # 555531

 

Gov't Assets and Mortg Backed

5.500%

06/01/33

 

 

 

137,549

 

 

FNMA Pool # 562319

 

Gov't Assets and Mortg Backed

7.000%

01/01/31

 

 

 

1,643

 

 

FNMA Pool # 575493

 

Gov't Assets and Mortg Backed

5.500%

04/01/17

 

 

 

17,634

 

 

FNMA Pool # 545556

 

Gov't Assets and Mortg Backed

7.000%

04/01/32

 

 

 

39,228

 

 

FNMA Pool # 780625

 

Gov't Assets and Mortg Backed

4.000%

05/01/19

 

 

 

97,204

 

 

FNMA Pool # 254407

 

Gov't Assets and Mortg Backed

7.000%

08/01/32

 

 

 

192,464

 

 

FNMA Pool # 647694

 

Gov't Assets and Mortg Backed

6.000%

05/01/17

 

 

 

171,639

 

 

FNMA Pool # 252345

 

Gov't Assets and Mortg Backed

6.000%

03/01/14

 

 

 

154,330

 

 

FNMA Pool # 786194

 

Gov't Assets and Mortg Backed

5.500%

07/01/34

 

 

 

42,270

 

 

FNMA Pool # 779083

 

Gov't Assets and Mortg Backed

5.500%

06/01/34

 

 

 

335,811

 

 

FNMA Pool # 725232

 

Gov't Assets and Mortg Backed

5.000%

03/01/34

 

 

 

1,706,444

 

 

FNMA Pool # 647484

 

Gov't Assets and Mortg Backed

7.000%

06/01/32

 

 

 

8,213

 

 

FNMA Pool # 572833

 

Gov't Assets and Mortg Backed

6.000%

04/01/16

 

 

 

348,866

 

 

FNMA Pool # 545823

 

Gov't Assets and Mortg Backed

5.500%

08/01/17

 

 

 

14,376

 

 

FNMA Pool # 545900

 

Gov't Assets and Mortg Backed

5.500%

07/01/17

 

 

 

40,686

 

 

FNMA Pool # 607105

 

Gov't Assets and Mortg Backed

6.500%

11/01/31

 

 

 

132,631

 

 

FNMA Pool # 555880

 

Gov't Assets and Mortg Backed

5.500%

11/01/33

 

 

 

388,803

 

 

FNMA Pool # 774070

 

Gov't Assets and Mortg Backed

5.500%

05/01/34

 

 

 

762,824

 

 

FNMA Pool # 254235

 

Gov't Assets and Mortg Backed

6.000%

03/01/17

 

 

 

705,977

 

S-11

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

FNMA Pool # 190319

 

Gov't Assets and Mortg Backed

6.500%

02/01/32

 

 

 

881,735

 

 

FNMA Pool # 658290

 

Gov't Assets and Mortg Backed

4.500%

04/01/18

 

 

 

289,124

 

 

FNMA Pool # 687885

 

Gov't Assets and Mortg Backed

5.500%

03/01/18

 

 

 

283,980

 

 

FNMA Pool # 777336

 

Gov't Assets and Mortg Backed

4.500%

04/01/19

 

 

 

371,858

 

 

FNMA Pool # 778464

 

Gov't Assets and Mortg Backed

4.500%

04/01/19

 

 

 

358,929

 

 

FNMA Pool # 545576

 

Gov't Assets and Mortg Backed

6.000%

03/01/17

 

 

 

183,966

 

 

FNMA Pool # 626720

 

Gov't Assets and Mortg Backed

6.000%

01/01/17

 

 

 

34,887

 

 

FNMA Pool # 777774

 

Gov't Assets and Mortg Backed

5.500%

05/01/34

 

 

 

100,750

 

 

FNMA Pool # 773384

 

Gov't Assets and Mortg Backed

5.500%

05/01/34

 

 

 

403,355

 

 

FNMA Pool # 682771

 

Gov't Assets and Mortg Backed

6.500%

01/01/33

 

 

 

91,009

 

 

FNMA Pool # 775737

 

Gov't Assets and Mortg Backed

5.500%

05/01/34

 

 

 

431,876

 

 

FNMA Pool # 779416

 

Gov't Assets and Mortg Backed

5.500%

06/01/34

 

 

 

204,011

 

 

FNMA Pool # 779556

 

Gov't Assets and Mortg Backed

5.500%

06/01/34

 

 

 

336,810

 

 

FNMA Pool # 805038

 

Gov't Assets and Mortg Backed

5.500%

01/01/20

 

 

 

206,809

 

 

FNMA Pool # 650184

 

Gov't Assets and Mortg Backed

5.500%

08/01/17

 

 

 

1,034,600

 

 

FNMA Pool # 678027

 

Gov't Assets and Mortg Backed

6.000%

09/01/17

 

 

 

92,857

 

 

FNMA Pool # 769094

 

Gov't Assets and Mortg Backed

5.500%

06/01/34

 

 

 

233,523

 

 

FNMA Pool # 773501

 

Gov't Assets and Mortg Backed

5.500%

08/01/19

 

 

 

866,027

 

 

FNMA Pool # 776524

 

Gov't Assets and Mortg Backed

6.500%

03/01/34

 

 

 

493,544

 

 

FNMApreassign 00353Issues Dated 4/1/1996 & After

Gov't Fixed Income

2.375%

12/15/05

 

 

 

1,257,884

 

 

Federal Natl Mtg Assn M/T/N

 

Gov't Fixed Income

2.710%

01/30/07

 

 

 

3,435,906

 

 

FHLMCdtd 01/16/2001

 

Gov't Fixed Income

5.250%

01/15/06

 

 

 

4,239,484

 

 

FHLMC

 

Gov't Fixed Income

3.875%

11/10/08

 

 

 

2,505,469

 

 

FHLMCmedium Term Nts Fed Book Entrytranche # Tr 00116

Gov't Fixed Income

4.750%

12/08/10

 

 

 

934,650

 

 

U S Treasury Notes

 

Gov't Fixed Income

4.625%

05/15/06

 

 

 

6,583,327

 

S-12

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

United States Treas Nts

 

Gov't Fixed Income

5.750%

11/15/05

 

 

 

1,846,125

 

 

U S Treas Ntscusip 912828Ano

 

Gov't Fixed Income

3.000%

11/15/07

 

 

 

6,410,204

 

 

United States Treas Nts

 

Gov't Fixed Income

5.750%

11/15/05

 

 

 

1,846,125

 

 

United States Treas Nts

 

Gov't Fixed Income

1.625%

10/31/05

 

 

 

10,013,645

 

 

United States Treas Nts

 

Gov't Fixed Income

1.875%

11/30/05

 

 

 

3,710,781

 

 

United States Treas Nts

 

Gov't Fixed Income

2.500%

10/31/06

 

 

 

8,732,668

 

 

United States Treas Nts

 

Gov't Fixed Income

1.875%

12/31/05

 

 

 

1,734,828

 

 

United States Treas Nts

 

Gov't Fixed Income

2.250%

04/30/06

 

 

 

10,651,059

 

 

United States Treas Nts

 

Gov't Fixed Income

2.500%

05/31/06

 

 

 

4,046,638

 

 

United States Treas Ntsdtd 00063

 

Gov't Fixed Income

2.750%

07/31/06

 

 

 

5,098,427

 

 

United States Treas Ntsdtd 00067

 

Gov't Fixed Income

2.375%

08/31/06

 

 

 

2,336,494

 

 

United States Treas Nts

 

Gov't Fixed Income

2.500%

09/30/06

 

 

 

1,923,258

 

 

United States Treas Ntsdtd 00076

 

Gov't Fixed Income

2.875%

11/30/06

 

 

 

1,794,375

 

 

United States Treas Ntsdtd 00077

 

Gov't Fixed Income

3.500%

12/15/09

 

 

 

746,367

 

 

U S Treasury Bondssca 11/15/00

 

Gov't Fixed Income

10.000%

05/15/10

 

 

 

6,554,602

 

 

U S Treasury Bonds

 

Gov't Fixed Income

10.375%

11/15/12

 

 

 

3,159,516

 

 

U S Treasury Bonds

 

Gov't Fixed Income

12.750%

11/15/10

 

 

 

6,407,977

 

 

FNMApreassign 00027Issues Dated 4/1/1996 & After

Gov't Fixed Income

7.125%

06/15/10

 

 

 

218,381

 

 

Federal Natl Mtg Assn

 

Gov't Fixed Income

3.125%

03/16/09

 

 

 

257,464

 

 

Federal Natl Mtg Assn

 

Gov't Fixed Income

2.350%

04/05/07

 

 

 

680,448

 

 

FNMApreassign 00277Issues Dated 4/1/1996 & After

Gov't Fixed Income

1.750%

06/16/06

 

 

 

181,416

 

 

FHLMC Deb M/T/N

 

Gov't Fixed Income

4.125%

02/24/11

 

 

 

595,736

 

 

Federal Natl Mtg Assn M/T/N

 

Gov't Fixed Income

2.710%

01/30/07

 

 

 

1,359,531

 

 

Federal Natl Mtg Assn

 

Gov't Fixed Income

6.000%

05/15/11

 

 

 

418,119

 

 

FHLMCmedium Term Nts Fed Book Entrypreassign 00090

Gov't Fixed Income

4.625%

05/28/13

 

 

 

273,281

 

 

FHLMCmedium Term Nts Fed Book Entrytranche # Tr 00269

Gov't Fixed Income

3.875%

01/12/09

 

 

 

204,167

 

 

FHLMC

 

Gov't Fixed Income

3.875%

11/10/08

 

 

 

355,777

 

 

FHLMCmedium Term Nts Fed Book Entrytranche # Tr 00186

Gov't Fixed Income

4.500%

12/16/10

 

 

 

1,643,458

 

 

Israel Stgtd Nt Dtd 09/18/2003 Cl1-B

 

Gov't Fixed Income

5.500%

09/18/33

 

 

 

157,488

 

 

Quebec Province Nt

 

Gov't Fixed Income

5.000%

07/17/09

 

 

 

83,566

 

 

Resolution Fdg Corp Fed Bookentry Cpn Stripsgeneric Int Pmt

Gov't Fixed Income

 

10/15/18

 

 

 

37,631

 

 

Resolution Fdg Corp Fed Bookentry Cpn Stripsgeneric Int Pmtbd

Gov't Fixed Income

 

07/15/18

 

 

 

38,207

 

 

U S Treasury Bonds

 

Gov't Fixed Income

6.000%

02/15/26

 

 

 

1,265,789

 

 

U S Treasury Bonds

 

Gov't Fixed Income

6.750%

08/15/26

 

 

 

686,039

 

 

U S Treasury Notes

 

Gov't Fixed Income

2.500%

10/31/06

 

 

 

3,427,684

 

 

United States Treas Nts

 

Gov't Fixed Income

2.750%

06/30/06

 

 

 

817,786

 

 

United States Treas Ntsdtd 00067

 

Gov't Fixed Income

2.375%

08/31/06

 

 

 

1,752,371

 

 

United States Treas Nts

 

Gov't Fixed Income

2.500%

09/30/06

 

 

 

4,119,142

 

 

United States Treas Ntsdtd 00075

 

Gov't Fixed Income

4.250%

11/15/14

 

 

 

651,703

 

 

United States Treas Ntsdtd 00076

 

Gov't Fixed Income

2.875%

11/30/06

 

 

 

1,689,703

 

 

United States Treas Ntsdtd 00077

 

Gov't Fixed Income

3.500%

12/15/09

 

 

 

323,426

S-13

 

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

U S Treasury Bonds

 

Gov't Fixed Income

8.125%

08/15/19

 

 

 

2,149,749

 

 

U S Treasury Bonds

 

Gov't Fixed Income

10.375%

11/15/12

 

 

 

745,169

 

 

U S Treasury Bonds

 

Gov't Fixed Income

12.000%

08/15/13

 

 

 

882,849

 

 

U S Treasury Bond

 

Gov't Fixed Income

5.500%

08/15/28

 

 

 

470,820

 

 

U S Treasury Bond

 

Gov't Fixed Income

6.125%

11/15/27

 

 

 

811,711

 

 

U S Treasury Bonds

 

Gov't Fixed Income

5.375%

02/15/31

 

 

 

2,865,525

 

 

GNMA I TBA 30Yr Sfm 06.50% Jan

 

Gov't Fixed Income

6.500%

01/25/35

 

 

 

210,375

 

 

GNMA I TBA 30Yr Sfm 05.50% Jan

 

Gov't Fixed Income

 

01/01/35

 

 

 

(612,188)

 

 

Federal Home Ln Mtg Corp Disc Nts

 

Gov't Agency

 

01/10/05

 

 

 

3,295,408

 

 

Sales Tax Asset Receivablecorp N Ytaxable-Ser B

State And Local Obligations

3.600%

10/15/08

 

 

 

198,110

 

 

Texas St Pub Fin Auth Revtaxable-Unemployment Comp-B

State And Local Obligations

2.625%

06/15/06

 

 

 

703,482

 

 

California St Dept Wtr Res Pwrsupply Revtaxable-Ser E

State And Local Obligations

3.975%

05/01/05

 

 

 

           100,314

 

 

 

 

Total Government Bonds

158,732,611

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amresco Independence Fdg Inc1999-1 Sba Ln Bkd Ctf Adj Rate144A Cl A

Other Fixed Income

 

06/15/26

 

 

 

672,938

 

 

Bayview Finl Acquisition Tr 144A *Pp*1998-1 Mtg Passthru Ctf Cl A-I

Other Fixed Income

7.010%

05/25/29

 

 

 

230,537

 

 

British Columbia Prov Cda

 

Other Fixed Income

5.375%

10/29/08

 

 

 

153,367

 

 

Business Ln Ctr Inc V/R Restrsba/Abs 1998-1 Cl A Partn 144A

Other Fixed Income

6.750%

01/15/25

 

 

 

471,455

 

 

Gs Mtg Secs Corpser 2000-1 Mtg Passthru Ctf A144A

Other Fixed Income

2.170%

03/20/23

 

 

 

340,489

 

 

Italy Rep

 

Other Fixed Income

2.750%

12/15/06

 

 

 

1,115,640

 

 

Nationwide Bldg Soc Mtn *Pp*Book Entry 144Atranche # Sr 00014

Other Fixed Income

3.500%

07/31/07

 

 

 

149,319

 

 

Pbg Equip Tr 144Areceivable Bkd Nt Cl A

Other Fixed Income

6.270%

01/20/12

 

 

 

391,177

 

 

Quebec Prov Cdadeb Dtd 01/30/1997

 

Other Fixed Income

7.000%

01/30/07

 

 

 

155,212

 

 

Washington Mut Mtg Secs Corp2002-Ar2 Msc Mtg Passthru Ctfiii-A-1-Var Rate072902

Other Fixed Income

5.772%

08/25/32

 

 

 

168,652

 

 

Allstate Finl Global Fdg Llc *Pp*Global Nt Dtd 02/01/2001144A

Other Fixed Income

6.150%

02/01/06

 

 

 

128,867

 

 

Berkshire Hathaway Fin Corp *Pp*144A

Other Fixed Income

3.400%

07/02/07

 

 

 

114,729

 

 

Cox Communications Inc New *Pp*Nt Dtd 12/15/2004 144A

Other Fixed Income

4.625%

01/15/10

 

 

 

149,654

 

 

Enterprise Prods Oper L P *Pp*Sr Nt 144A

Other Fixed Income

4.000%

10/15/07

 

 

 

49,878

 

 

Hbos Plc Medium Term Sr Nts *Pp*Book Entry 144Atranche # Sr 00037

Other Fixed Income

3.500%

11/30/07

 

 

 

199,306

 

 

Hbos Plc Medium Term Sr Nts *Pp*Book Entry 144Atranche # Sr 00031

Other Fixed Income

3.600%

08/15/07

 

 

 

90,051

 

 

Israel Stgtd Nt Cl 3

 

Other Fixed Income

5.500%

04/26/24

 

 

 

365,110

 

S-14

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Monumental Global Fdg Ii *Pp*Sr Secd Nt144

Other Fixed Income

4.375%

07/30/09

 

 

 

100,420

 

 

Nationwide Bldg Soc Mtn *Pp*Book Entry 144Atranche # Sr 00014

Other Fixed Income

3.500%

07/31/07

 

 

 

223,979

 

 

News Amer Inc *Pp*Bd144A

 

Other Fixed Income

5.300%

12/15/14

 

 

 

75,885

 

 

Ontario Hydro

 

Other Fixed Income

6.100%

01/30/08

 

 

 

74,944

 

 

Petro Cdasr Nt

 

Other Fixed Income

5.350%

07/15/33

 

 

 

93,442

 

 

Statoil Asa *Pp*Nt Dtd 04/27/2004

 

Other Fixed Income

5.125%

04/30/14

 

 

 

92,192

 

 

Telecom Italia Cap *Pp*Gtd Sr Nt144A

Other Fixed Income

4.000%

01/15/10

 

 

 

39,220

 

 

Telecom Italia Cap *Pp*Gtd Sr Nt 144A

Other Fixed Income

6.000%

09/30/34

 

 

 

122,207

 

 

Txu Corp *Pp*Txu Corpsr Nt Ser Q144A

Other Fixed Income

6.500%

11/15/24

 

 

 

100,167

 

 

United Mexican Sts M/T/N

 

Other Fixed Income

8.000%

09/24/22

 

 

 

34,605

 

 

United Mexican Sts M/T/N

 

Other Fixed Income

8.375%

01/14/11

 

 

 

305,370

 

 

United Mexican Sts Mtn

 

Other Fixed Income

5.875%

01/15/14

 

 

 

76,838

 

 

United Mexican States

 

Other Fixed Income

8.125%

12/30/19

 

 

 

140,820

 

 

Wellpoint Inc *Pp*144A

 

Other Fixed Income

5.950%

12/15/34

 

 

 

85,828

 

 

ASIF Global Financing 3.9% 10/22/0800209Laa0
Collateral Held At Merrill Lynch

Other Fixed Income

3.900%

10/22/08

 

 

 

         264,883

 

 

 

 

 

Total Other Bonds

      6,777,181

 

 

 

 

 

Total Bonds and Debentures

  235,055,164

INTERNATIONAL EQUITY INVESTMENTS

 

 

ABN Amro Hldg N V Sponsored ADR

 

Common Stock

 

 

 

 

 

399,000

 

 

Aeon Co Ltd ADR

 

Common Stock

 

 

 

 

 

333,750

 

 

Ansell Ltd ADR

 

Common Stock

 

 

 

 

 

176,640

 

 

Abb Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

299,527

 

 

Aegon N V

 

Common Stock

 

 

 

 

 

201,537

 

 

Aktiebolgt Electrolux ADR

 

Common Stock

 

 

 

 

 

173,063

 

 

Alcatel Alsthomrepresenting 1/5 Th Shares

Common Stock

 

 

 

 

 

428,262

 

 

All Nippon Awys Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

282,204

 

 

Allianz Aktiengesellschaft Sponsored ADR Repstg 1/10 Sh

Common Stock

 

 

 

 

 

345,540

 

 

Allied Irish Bks P L C Spon ADRrepstg Ord

Common Stock

 

 

 

 

 

404,544

 

 

Alpha Bk A E

 

Common Stock

 

 

 

 

 

240,672

 

 

Amer Group Plc ADRadr

 

Common Stock

 

 

 

 

 

94,316

 

 

Amvescap Plc Spon ADR

 

Common Stock

 

 

 

 

 

227,964

 

 

Anglo American Plc ADR

 

Common Stock

 

 

 

 

 

363,987

 

 

Arcelor N A Sponsored ADR

 

Common Stock

 

 

 

 

 

234,068

 

 

Asahi Glass ADR

 

Common Stock

 

 

 

 

 

341,856

 

 

Asahi Kasei Corp ADR

 

Common Stock

 

 

 

 

 

290,363

 

 

Astrazeneca Plc Spons ADRrep 1 Ord

 

Common Stock

 

 

 

 

 

527,655

 

 

Atlas Copco Ab Sponsored ADRnew Repstg Com

Common Stock

 

 

 

 

 

171,547

 

 

Axa ADR

 

Common Stock

 

 

 

 

 

435,600

 

 

Bt Group Plcadr

 

Common Stock

 

 

 

 

 

313,078

 

 

Baa Plc Sponsor ADR

 

Common Stock

 

 

 

 

 

299,360

 

 

Bnp Paribas Sponsored ADR Repstg 1/4 Sh

Common Stock

 

 

 

 

 

608,563

 

S-15

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Bae Sys Plc

 

Common Stock

 

 

 

 

 

507,162

 

 

Banco Bilbao Vizcayaargentaria S A Sponsored ADR

Common Stock

 

 

 

 

 

512,686

 

 

Banco Santander Cent Hispano S A ADR

Common Stock

 

 

 

 

 

693,957

 

 

Bank Yokohama Ltd Japan ADR

 

Common Stock

 

 

 

 

 

182,825

 

 

Barclays Plc ADR(Rep 4 Ord Gbp1)

 

Common Stock

 

 

 

 

 

801,684

 

 

Basf Ag Sponsored ADR

 

Common Stock

 

 

 

 

 

381,706

 

 

Bayer A G Sponsored ADR

 

Common Stock

 

 

 

 

 

244,656

 

 

Bayerische Hypo-Und Spon ADRvereinsbank Ag Repstg Bearer Sh

Common Stock

 

 

 

 

 

372,936

 

 

BHP Billiton Limited Sponsored ADR

 

Common Stock

 

 

 

 

 

383,119

 

 

BHP Billiton Plc Sponsored ADR

 

Common Stock

 

 

 

 

 

371,583

 

 

Bg Plcadr Final Installment New

 

Common Stock

 

 

 

 

 

251,485

 

 

Bp Plc Spons ADR

 

Common Stock

 

 

 

 

 

1,848,360

 

 

British Sky Broadcasting Group Spons ADRplc

Common Stock

 

 

 

 

 

397,397

 

 

British Awys Plc ADR

 

Common Stock

 

 

 

 

 

121,400

 

 

British American Tobacco

 

Common Stock

 

 

 

 

 

412,335

 

 

Bulgari S P A ADR Sponsored

 

Common Stock

 

 

 

 

 

117,377

 

 

Cadbury Schweppes P L C ADR(Represents 4 Ord 25P Shs)

Common Stock

 

 

 

 

 

364,748

 

 

Canon Inc ADR Repstg 5 Shs

 

Common Stock

 

 

 

 

 

379,820

 

 

Centrica Plc Sponsored ADR New 2004

 

Common Stock

 

 

 

 

 

383,275

 

 

Cheung Kong Hldgs Ltd ADR

 

Common Stock

 

 

 

 

 

398,840

 

 

Clp Holdings Ltd

 

Common Stock

 

 

 

 

 

339,309

 

 

Coles Myer Ltd Sponsored ADR New

 

Common Stock

 

 

 

 

 

335,618

 

 

Commonwealth Bk Australia Spnrd ADR 144A

Common Stock

 

 

 

 

 

490,685

 

 

Corporacion Mapfre-Compania ADRinternacional De Reaseguros Sponsored

Common Stock

 

 

 

 

 

132,615

 

 

Credit Suisse Group Sponsored ADR

 

Common Stock

 

 

 

 

 

432,869

 

 

Crh Plc ADR

 

Common Stock

 

 

 

 

 

123,234

 

 

Dbs Group Hldgs Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

305,745

 

 

Dsm N.V. ADR

 

Common Stock

 

 

 

 

 

148,874

 

 

Dai Nippon Prtg Ltd Japan ADR

 

Common Stock

 

 

 

 

 

385,044

 

 

Daimler-Chrysler Agord

 

Common Stock

 

 

 

 

 

384,400

 

 

Daiwa Group Inc.

 

Common Stock

 

 

 

 

 

361,080

 

 

Danske Bk A/S ADRadr

 

Common Stock

 

 

 

 

 

269,746

 

 

Denso Corpadr

 

Common Stock

 

 

 

 

 

267,883

 

 

Deutsche Bank Npv

 

Common Stock

 

 

 

 

 

382,743

 

 

Deutsche Lufthansa A G Sponsored ADR

Common Stock

 

 

 

 

 

131,985

 

 

Deutsche Telekom Ag Sponsored ADR

 

Common Stock

 

 

 

 

 

553,392

 

 

Diageo Plc Spon ADR New

 

Common Stock

 

 

 

 

 

383,455

 

 

Dnb Nor Asa 144A Spon ADR

 

Common Stock

 

 

 

 

 

265,374

 

 

E On Ag

 

Common Stock

 

 

 

 

 

527,800

 

 

Edp-Energias De Portugal Sa ADR Sponsored

Common Stock

 

 

 

 

 

265,419

 

S-16

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Eisai Ltd Spons ADR

 

Common Stock

 

 

 

 

 

493,320

 

 

Elan Corp Plc ADR

 

Common Stock

 

 

 

 

 

138,975

 

 

Endesa S A Sponsored ADR

 

Common Stock

 

 

 

 

 

530,556

 

 

Enel Societa Per Azioniadr

 

Common Stock

 

 

 

 

 

501,322

 

 

Eni S P A Sponsored ADR

 

Common Stock

 

 

 

 

 

624,166

 

 

Erste Bk Der Oesterreichischensparkassen A G Sponsored ADR Repstg 1/2 Sh

Common Stock

 

 

 

 

 

261,748

 

 

Delhaize Group

 

Common Stock

 

 

 

 

 

227,550

 

 

Fiat S.P.A ADR New

 

Common Stock

 

 

 

 

 

189,126

 

 

Fortis Nl Sponsored ADR New

 

Common Stock

 

 

 

 

 

531,091

 

 

Fosters Group Ltd ADR Ltd Sponsnew

Common Stock

 

 

 

 

 

364,482

 

 

France Telecom Sponsored ADR

 

Common Stock

 

 

 

 

 

525,972

 

 

Friends Provident P L Cadr

 

Common Stock

 

 

 

 

 

264,616

 

 

Fuji Photo New ADR

 

Common Stock

 

 

 

 

 

332,820

 

 

Fujitsu Ltd ADR Com

 

Common Stock

 

 

 

 

 

338,478

 

 

Glaxo Smithkline Plcadr

 

Common Stock

 

 

 

 

 

1,222,662

 

 

Groupe Danone Sponsored ADR

 

Common Stock

 

 

 

 

 

396,460

 

 

Gus Plc Sponsored ADR

 

Common Stock

 

 

 

 

 

387,387

 

 

Hbos Plc Sponsored ADR

 

Common Stock

 

 

 

 

 

708,209

 

 

HSBC Hldgs Plc Sponsored ADR New

 

Common Stock

 

 

 

 

 

1,803,261

 

 

Hitachi Ltd ADR 10 Com

 

Common Stock

 

 

 

 

 

381,865

 

 

Holcim Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

323,489

 

 

Honda Motor Co Ltd

 

Common Stock

 

 

 

 

 

359,628

 

 

Hutchison Whampoa Ltd ADR

 

Common Stock

 

 

 

 

 

187,192

 

 

Hypo Real Estate Hldg Ag Sponsored ADR

Common Stock

 

 

 

 

 

186,680

 

 

Imperial Tob Group Plc Sponsored ADR

Common Stock

 

 

 

 

 

381,225

 

 

Ing Groep N V Sponsored ADR

 

Common Stock

 

 

 

 

 

471,900

 

 

Ito Yokado Ltdadr 2003

 

Common Stock

 

 

 

 

 

419,640

 

 

Japan Airlines Corporationadr

 

Common Stock

 

 

 

 

 

173,904

 

 

Kao Corp Sponsored ADR Repstg 10 Shscom

Common Stock

 

 

 

 

 

383,528

 

 

Kingfisher Plc Sponsored ADR Par 15 5/7 Pence

Common Stock

 

 

 

 

 

344,926

 

 

Komatsu Ltd New

 

Common Stock

 

 

 

 

 

188,926

 

 

Koninklijke Ahold Nv Sponsored ADR

 

Common Stock

 

 

 

 

 

202,020

 

 

Koninklijke Philips Electrsn V Sponsored ADR New 2000

Common Stock

 

 

 

 

 

325,950

 

 

Royal Kpn Nv Sponsored ADR

 

Common Stock

 

 

 

 

 

132,884

 

 

Kyocera Corp ADR

 

Common Stock

 

 

 

 

 

369,504

 

 

Lloyds Tsb Group Plc ADR Sponsored ADR

Common Stock

 

 

 

 

 

522,418

 

 

L Oreal Co ADR

 

Common Stock

 

 

 

 

 

387,167

 

 

Lafarge S.A. ADR Sponsored ADR New

 

Common Stock

 

 

 

 

 

202,860

 

 

Lagardere Groupe S C A Spons ADRone ADR Represents 1 Ordsh

Common Stock

 

 

 

 

 

259,834

 

 

Legal & General Plc ADR

 

Common Stock

 

 

 

 

 

424,894

 

S-17

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Lend Lease Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

443,525

 

 

Logitech Intl S A Sponsored ADR

 

Common Stock

 

 

 

 

 

137,903

 

 

Luxottica Group S P A ADR Sponsored ADR

Common Stock

 

 

 

 

 

163,120

 

 

Marconi Plc New Spons ADR

 

Common Stock

 

 

 

 

 

143,850

 

 

Marks & Spencer Group P L C Sponsored ADR

Common Stock

 

 

 

 

 

320,047

 

 

Matsushita Elec Ind Co Ltd ADRmorgan Gty

Common Stock

 

 

 

 

 

417,300

 

 

Mediaset S P A Sponsored ADR 144A

 

Common Stock

 

 

 

 

 

332,263

 

 

Metso Corp Sponsored ADR

 

Common Stock

 

 

 

 

 

134,568

 

 

Millea Hldgs Incadr

 

Common Stock

 

 

 

 

 

387,969

 

 

Mitsui & Co Ltd ADR

 

Common Stock

 

 

 

 

 

397,342

 

 

Mitsubishi Corp ADR Sponsored

 

Common Stock

 

 

 

 

 

374,709

 

 

Mitsubishi Chemical Corp ADR

 

Common Stock

 

 

 

 

 

210,091

 

 

Mitsubishi Estate Ltd ADR

 

Common Stock

 

 

 

 

 

386,453

 

 

Mitsubishi Elec Corp ADR

 

Common Stock

 

 

 

 

 

269,445

 

 

Mitsui Sumitomo Insurance Company

Common Stock

 

 

 

 

 

382,162

 

 

Mitsubishi Tokyo Finl Groupinc Sponsored ADR

Common Stock

 

 

 

 

 

378,140

 

 

Nh Hoteles Sociedad Anonima

 

Common Stock

 

 

 

 

 

202,977

 

 

National Aust Bk Ltd ADR New

 

Common Stock

 

 

 

 

 

526,776

 

 

National Bk Greece S A Sponsored ADR

Common Stock

 

 

 

 

 

216,000

 

 

National Grid Transco Plc Spon ADR

 

Common Stock

 

 

 

 

 

353,206

 

 

Nec Corp ADR

 

Common Stock

 

 

 

 

 

343,280

 

 

Neptune Orient Lines Ltd Sponsored ADR

Common Stock

 

 

 

 

 

196,639

 

 

Nestle S A Sponsored ADRrepstg Reg Sh

Common Stock

 

 

 

 

 

931,410

 

 

Nikko Cordial Corporation

 

Common Stock

 

 

 

 

 

328,544

 

 

Nintendo Ltd ADR

 

Common Stock

 

 

 

 

 

389,360

 

 

Nippon Yusen Kabushiki Kaisha ADR

 

Common Stock

 

 

 

 

 

404,018

 

 

Nippon Teleg & Tel Corp Sponsored ADR

Common Stock

 

 

 

 

 

157,850

 

 

Nissan Mtr Ltd ADR Sponsored ADR

 

Common Stock

 

 

 

 

 

372,980

 

 

Nitto Denko Corp ADR

 

Common Stock

 

 

 

 

 

383,917

 

 

Nokia Corp ADR-A Shs Sponsored

 

Common Stock

 

 

 

 

 

670,676

 

 

Nomura Hldgs Inc Sponsored ADR

 

Common Stock

 

 

 

 

 

378,560

 

 

Ntt Docomo Inc Sponsored ADR

 

Common Stock

 

 

 

 

 

351,918

 

 

Novartis Ag Spnsrd ADR

 

Common Stock

 

 

 

 

 

1,074,480

 

 

Novo Nordisk A/S ADR

 

Common Stock

 

 

 

 

 

217,040

 

 

Oji Paper Co Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

195,102

 

 

Olympus Corp Sponsored ADR

 

Common Stock

 

 

 

 

 

490,429

 

 

Pernod Ricard S A Sponsored ADR

 

Common Stock

 

 

 

 

 

137,869

 

 

Peugeot S.A. ADR

 

Common Stock

 

 

 

 

 

330,080

 

 

Prudential Plc ADR

 

Common Stock

 

 

 

 

 

494,160

 

 

Puma Ag Rudolf Dassler Sport Sponsored ADR

Common Stock

 

 

 

 

 

136,537

 

 

Reed International Plc Sponsored ADR

 

Common Stock

 

 

 

 

 

309,785

 

 

Repsol Ypf S.A. ADR

 

Common Stock

 

 

 

 

 

370,620

 

S-18

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Ricoh Ltd ADR New

 

Common Stock

 

 

 

 

 

385,868

 

 

Rio Tinto Plc Spon ADR

 

Common Stock

 

 

 

 

 

372,531

 

 

Rio Tinto Spons ADR

 

Common Stock

 

 

 

 

 

371,062

 

 

Roche Hldg Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

697,609

 

 

Royal & Sun Alliance Ins Groupplc Sponsored ADR New

Common Stock

 

 

 

 

 

220,066

 

 

Royal Dutch Pete Con Y Registry Sh Par Eur

Common Stock

 

 

 

 

 

1,032,840

 

 

Rwe Ag Spons ADRrepstg Ord Par

 

Common Stock

 

 

 

 

 

320,079

 

 

Shizuoka Bk Ltd ADR

 

Common Stock

 

 

 

 

 

142,139

 

 

San Paolo-Imi S P A Sponsored ADR

Common Stock

 

 

 

 

 

556,198

 

 

Sandvik Ab ADR

 

Common Stock

 

 

 

 

 

399,257

 

 

Santos Ltd ADR New

 

Common Stock

 

 

 

 

 

151,685

 

 

Sanofi-Aventis Sponsored ADR

 

Common Stock

 

 

 

 

 

728,910

 

 

Sap Aktiengesellschaft ADRsystem Anwendungen Produkte In Derdatenverarbeitung

Common Stock

 

 

 

 

 

353,680

 

 

Schering A G Sponsored ADR

 

Common Stock

 

 

 

 

 

207,900

 

 

Scottish Pwr Plc Sponsored ADRfinal Instalment

Common Stock

 

 

 

 

 

380,931

 

 

Secom Ltd ADR

 

Common Stock

 

 

 

 

 

320,092

 

 

Serono S A

 

Common Stock

 

 

 

 

 

176,256

 

 

Seven Eleven Japan Ltd ADR

 

Common Stock

 

 

 

 

 

283,689

 

 

Sharp Corp

 

Common Stock

 

 

 

 

 

261,232

 

 

Shell Trans & Trading Plcnew York Sh New

Common Stock

 

 

 

 

 

706,750

 

 

Siemens A G Sponsored ADR

 

Common Stock

 

 

 

 

 

609,624

 

 

Singapore Telecommunicationsltd Sponsored ADR New

Common Stock

 

 

 

 

 

113,724

 

 

Skf Ab ADR Sponsored ADR Par S Kr 12.50

Common Stock

 

 

 

 

 

169,260

 

 

Smith & Nephew P L C Sponsored ADR New

Common Stock

 

 

 

 

 

123,189

 

 

Societe Generale France Sponsored ADR

Common Stock

 

 

 

 

 

435,139

 

 

Solvay S A Sponsored ADR

 

Common Stock

 

 

 

 

 

286,257

 

 

Sony Corp ADR Amern Sh Newea Rcpt Represents 1 Actual Japanese Shadr

Common Stock

 

 

 

 

 

377,912

 

 

Statoil Asa Sponsored ADR

 

Common Stock

 

 

 

 

 

204,852

 

 

Stora Enso Oyj Sponsored ADR Repstg Ser R Shs

Common Stock

 

 

 

 

 

237,276

 

 

Swisscom Sponsored ADR

 

Common Stock

 

 

 

 

 

126,496

 

 

Sumitomo Tr & Bkg Ltd Spons ADRsumitomo Tr & Bkg Ltd Sponsored ADR

Common Stock

 

 

 

 

 

347,088

 

 

Sumitomo Mitsui Finl Group Incadr

Common Stock

 

 

 

 

 

363,500

 

 

Sun Hung Kai Pptys Ltd Sponsored ADR

Common Stock

 

 

 

 

 

410,123

 

 

Svenska Cellulosa Aktiebolaget ADRsca Sponsored

Common Stock

 

 

 

 

 

123,717

 

 

TDK Corp ADR

 

Common Stock

 

 

 

 

 

207,872

 

 

Tdc A/S Sponsored ADR Repstg Ord

Common Stock

 

 

 

 

 

127,680

 

 

Tpg N V Sponsored ADR

 

Common Stock

 

 

 

 

 

288,850

 

S-19

2004

Form 5500, Schedule H, Part IV, Line 4i

Matched Asset Plan

PN 001

Computer Sciences Corporation

EIN 95-2043126

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2004

(a)

(b) Identity of issue, borrower, lessor                    or similar party                

(c) Description of investment including maturity date, rate of interest, collateral,                    par or maturity value              

(d) Cost**

(e) Current Value

 

 

Telecom Corp New Zealand Ltd Spon ADR(Each Conv Into 8 Ord Nzdi)

Common Stock

 

 

 

 

 

170,208

 

 

Telecom Italia S P A New Sponsored ADR Repstg Ord Shs

Common Stock

 

 

 

 

 

436,900

 

 

Telecom Italia S P A News ponsored ADR Repstg Svgs Shs

Common Stock

 

 

 

 

 

495,300

 

 

Ericsson (Lm) Telephone Co ADR (New)

Common Stock

 

 

 

 

 

426,375

 

 

Telefonica S A Spon ADR

 

Common Stock

 

 

 

 

 

762,750

 

 

Tele2 Ab sponsored ADR Repstg Cl B Shs

Common Stock

 

 

 

 

 

148,200

 

 

Tesco Plc Sponsored ADR

 

Common Stock

 

 

 

 

 

416,970

 

 

Thomson sponsored ADR

 

Common Stock

 

 

 

 

 

260,190

 

 

Toray Inds Inc ADR

 

Common Stock

 

 

 

 

 

234,215

 

 

Total S.A. ADR

 

Common Stock

 

 

 

 

 

1,142,336

 

 

Toyota Mtr Corp ADR 2 Com

 

Common Stock

 

 

 

 

 

1,023,375

 

 

Ubs Ag Registered

 

Common Stock

 

 

 

 

 

795,976

 

 

Unilever Plc Amer Shs ADR New

 

Common Stock

 

 

 

 

 

400,140

 

 

Unilever Nv Ny Share F New

 

Common Stock

 

 

 

 

 

366,905

 

 

Vodafone Group Plc Spons ADRconv Into 10 Ord Shs

Common Stock

 

 

 

 

 

1,612,956

 

 

Veolia Environnement Sponsored ADR

Common Stock

 

 

 

 

 

528,525

 

 

Vivendi Universal Spons ADR New

 

Common Stock

 

 

 

 

 

416,910

 

 

Volkswagen A G Sponsored A ADR

Common Stock

 

 

 

 

 

203,985

 

 

Volvo Aktiebolaget ADR B

 

Common Stock

 

 

 

 

 

348,920

 

 

Westpac Bkg Corp Sponsored ADR

Common Stock

 

 

 

 

 

508,731

 

 

Wolseley Plc Sponsored ADR

 

Common Stock

 

 

 

 

 

399,922

 

 

Wolters Kluwer N V Sponsored ADR

Common Stock

 

 

 

 

 

186,707

 

 

Wmc Res Ltd Sponsored ADR

 

Common Stock

 

 

 

 

 

199,357

 

 

Zurich Finl Svcs Sponsored ADR

 

Common Stock

 

 

 

 

 

388,504

 

 

Prosiebensat 1 Media Ag Pfd Sponsored ADR Repstg Pfdbearer

Preferred Stock

 

 

 

 

 

             117,683

 

 

 

 

Total International Equity Investments

78,736,825

 

 

 

 

 

 

 

 

 

 

 

 

 

New England Financial Ga 7174 1-07

GICS & GACS

6.750%

12/31/05

 

 

 

185,352

 

 

 

 

 

 

 

 

 

 

                          

Assets (Held and End of Year)

 

 

 

 

 

 $2,593,707,301

* Represents party in interest

** Cost information is not required for participant-directed investments and, therefore, is not included.

 

 

 

 

 

 

 

 

S-20

 

 

 

Exhibit 23

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement No. 333-58526 of Computer Sciences Corporation on Form S-8 of our report dated June 29, 2005, appearing in this Annual Report on Form 11-K of the Computer Sciences Matched Asset Plan for the year ended December 31, 2004.

/s/Deloitte & Touche LLP

Los Angeles, California
June 29, 2005