-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EQxMyBuvWeMykbzpQEeeyF7Qybpa+zYDmMAeShoOcsTLURPw5Smfy71M8EFkbvTi SLPQ78vSE0RkiPFW7+Ed5A== 0000040417-99-000006.txt : 19990226 0000040417-99-000006.hdr.sgml : 19990226 ACCESSION NUMBER: 0000040417-99-000006 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL AMERICAN INVESTORS CO INC CENTRAL INDEX KEY: 0000040417 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 13509850 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-00041 FILM NUMBER: 99549164 BUSINESS ADDRESS: STREET 1: 450 LEXINGTON AVENUE STREET 2: SUITE 3300 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129168400 MAIL ADDRESS: STREET 1: 450 LEXINGTON AVENUE STREET 2: SUITE 3300 CITY: NEW YORK STATE: NY ZIP: 10017 NSAR-B 1 N-SAR (3.0.A) 000 B000000 12/31/98 000 C000000 0000040417 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 U 001 A000000 GENERAL AMERICAN INVESTORS COMPANY, INC. 001 B000000 811-41 001 C000000 2129168400 002 A000000 450 LEXINGTON AVENUE - SUITE 3300 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10017 002 D020000 3911 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 015 A000001 BANKERS TRUST COMPANY 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10005 015 E010001 X 020 A000001 GOLDMAN SACHS & COMPANY 020 B000001 13-5108880 020 C000001 84 020 A000002 SANFORD C. 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DESTAEBLER, JR. TITLE V.P., ADMINISTRATION EX-27 2 FDS --
6 1000 U.S. DOLLARS 12-MOS DEC-31-1998 JAN-1-1998 DEC-31-1998 1 572054 1017914 380 8087 0 1026381 1041 0 6407 7448 6000 509613 24917 23614 0 648 33191 0 445860 1018933 7552 11224 58 7280 11554 109380 119454 240388 0 11849 80653 0 0 0 0 316336 3956 45405 0 0 0 0 7280 768107 29.15 0.47 9.21 0.51 3.45 0 34.87 0.95 0 0

EX-99 3 ACCOUNTANT'S REPORT ON INTERNAL CONTROL SHAREHOLDERS AND BOARD OF DIRECTORS GENERAL AMERICAN INVESTORS COMPANY, INC. In planning and performing our audit of the financial statements of General American Investors Company, Inc. for the year ended December 31, 1998, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on the internal control. The management of General American Investors Company, Inc. is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in any internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the specific internal control components does not reduce to a relatively low level the risk that errors or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 1998. This report is intended solely for the information and use of the board of directors and management of General American Investors Company, Inc. and the Securities Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. Ernst & Young LLP New York, New York January 15, 1999 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~