EX-25 9 ex25.htm

EXHIBIT 25



 

FORM T-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)         |__|


THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

95-3571558
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
700 South Flower Street
Suite 500
Los Angeles, California 90017
(Address of principal executive offices) (Zip code)


 
LIMITED BRANDS, INC.
(Exact name of obligor as specified in its charter)
Delaware 31-1029810
(State or other jurisdiction of
incorporation or organization)
(I.R.S. employer
identification no.)
   
Three Limited Parkway
P.O. Box 16000 43216
Columbus, Ohio (Zip code)
(Address of principal executive offices)
 

 
Debt Securities
(Title of the indenture securities)

 




1.      General information. Furnish the following information as to the trustee:
 
  (a)      Name and address of each examining or supervising authority to which it is subject.
 
  Name Address
  Comptroller of the Currency
  United States Department of the Treasury
Washington, D.C. 20219
  Federal Reserve Bank San Francisco, California 94105
  Federal Deposit Insurance Corporation Washington, D.C. 20429

  (b) Whether it is authorized to exercise corporate trust powers.
 
  Yes.
 
2.      Affiliations with Obligor.
 
  If the obligor is an affiliate of the trustee, describe each such affiliation.
 
  None.
 
16.      List of Exhibits.
 
  Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).
 
  1.      A copy of the articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).
 
  2.      A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
 
  3.      A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).
 
  4.      A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).
 
  6.      The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-121948).
 
  7.      A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
 





SIGNATURE

     Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Chicago, and State of Illinois, on the 20th day of April, 2005.

THE BANK OF NEW YORK TRUST
COMPANY, N.A.
 
By: /s/ D.G. Donovan

Name: D.G. Donovan
   Title: Vice President






Exhibit 7

Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2
nd Floor, Los Angeles, CA 90017

            At the close of business December 31, 2004, published in accordance with Federal regulatory authority instructions.

  Dollar Amounts
in Thousands
 
ASSETS  
Cash and balances due from depository institutions:
                   Noninterest-bearing balances and currency and coin     5,975  
                   Interest-bearing balances 0  
Securities:
                   Held-to-maturity securities 79  
                   Available-for-sale securities 27,506  
Federal funds sold and securities
                   purchased under agreements to resell:
                   Federal funds sold 31,000  
                   Securities purchased under agreements to resell 111,000  
Loans and lease financing receivables:
                   Loans and leases held for sale 0  
                   Loans and leases, net of unearned income.   0
                   LESS: Allowance for loan and lease losses.   0
                   Loans and leases, net of unearned income and allowance 0  
Trading assets 0  
Premises and fixed assets (including capitalized leases) 2,356  
Other real estate owned 0  
Investments in unconsolidated subsidiaries and associated companies 0  
Customers’ liability to this bank on acceptances outstanding 0  
Intangible assets:
       Goodwill 237,448  
       Other Intangible Assets 17,376  
Other assets 35,890  
 
 
Total assets $468,630  
 

 






LIABILITIES
 
Deposits:
                   In domestic offices
                   Noninterest-bearing 9,060
                   Interest-bearing 0
Not applicable
Federal funds purchased and securities sold under agreements to repurchase:
                   Federal funds purchased 0
                   Securities sold under agreements to repurchase 0
Trading liabilities 0
Other borrowed money:
                   (includes mortgage indebtedness and
                   obligations under capitalized leases) 58,000
Not applicable
Bank's liability on acceptances
                  executed and outstanding 0
Subordinated notes and debentures 0
Other liabilities 46,904
 
 
Total liabilities $113,964


 
Minority interest in consolidated subsidiaries 0
 
EQUITY CAPITAL
   
Perpetual preferred stock and related surplus 0
Common stock 1,000
Surplus 294,040
Retained earnings 59,681
 
Accumulated other comprehensive income (55 )
 
 
Other equity capital components 0
Total equity capital $354,666
 
 
Total liabilities, minority interest, and equity capital $468,630


 

     I, Thomas J. Mastro, Comptroller of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

Thomas J. Mastro   )   Comptroller






          We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Richard G. Jackson   )    
Nicholas C. English     )   Directors
Karen B. Shupenko   )