-----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, RA8+6FJivDOpd8hgMSRHwm89KKMxKd4Maa4IqcpUMe3z0tn/iAFnpEGUzGZqJ331 IGH1LQ3Hxa6WLG3And74sw== 0000355348-99-000161.txt : 19990625 0000355348-99-000161.hdr.sgml : 19990625 ACCESSION NUMBER: 0000355348-99-000161 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19990331 FILED AS OF DATE: 19990601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST FINANCIAL FUND INC CENTRAL INDEX KEY: 0000790202 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133341573 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-04605 FILM NUMBER: 99638691 BUSINESS ADDRESS: STREET 1: GATEWAY ENTER THREE 100 MULBERRY ST CITY: NEWARK STATE: NJ ZIP: 07102-4077 BUSINESS PHONE: 2013677530 MAIL ADDRESS: STREET 1: GATEWAY CENTER THREE 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102-4077 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SAVINGS & BANKING INSTITUTIONS FUND INC DATE OF NAME CHANGE: 19860402 NSAR-B 1 N-SAR (3.0.A) PAGE 1 000 B000000 03/31/99 000 C000000 0000790202 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 A 001 A000000 FIRST FINANCIAL FUND, INC. 001 B000000 811-4605 001 C000000 9733671495 002 A000000 100 MULBERRY STREET, 9TH FLOOR 002 B000000 NEWARK 002 C000000 NJ 002 D010000 07102 002 D020000 4077 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 WELLINGTON MANAGEMENT COMPANY, LLP 008 B000001 A 008 C000001 801-15908 008 D010001 BOSTON 008 D020001 MA 008 D030001 02109 010 A000001 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC 010 B000001 811-31104 010 C010001 NEWARK 010 C020001 NJ 010 C030001 07102 010 C040001 4077 012 A000001 STATE STREET BANK AND TRUST COMPANY 012 B000001 84-111111 012 C010001 NORTH QUINCY 012 C020001 MA 012 C030001 02171 013 A000001 PRICEWATERHOUSECOOPERS LLP PAGE 2 013 B010001 NEW YORK 013 B020001 NY 013 B030001 10036 015 A000001 STATE STREET BANK AND TRUST COMPANY 015 B000001 C 015 C010001 NORTH QUINCY 015 C020001 MA 015 C030001 02171 015 E010001 X 018 000000 Y 019 A000000 N 019 B000000 0 020 A000001 MONTGOMERY SECURITIES 020 B000001 94-1701676 020 C000001 116 020 A000002 FREIDMAN, BILLINGS, RAMSEY & CO., INC. 020 B000002 52-1630477 020 C000002 83 020 A000003 LEHMAN BROTHERS, INC. 020 B000003 13-2518466 020 C000003 36 020 A000004 CANTOR FITZGERALD & CO., INC. 020 B000004 13-3680184 020 C000004 36 020 A000005 SANDLER O'NEILL & PARTNERS, L.P. 020 B000005 00-0000000 020 C000005 33 020 A000006 STIFEL NICOLAUS & CO., INC. 020 B000006 43-0538770 020 C000006 31 020 A000007 MORGAN STANLEY DEAN WITTER 020 B000007 13-2655998 020 C000007 21 020 A000008 JONES & ASSOCIATES, INC. 020 B000008 00-0000000 020 C000008 21 020 A000009 KEEFE, BRUYETTE & WOODS, INC. 020 B000009 13-1964616 020 C000009 20 020 A000010 INVESTMENT TECHNOLOGY GROUP, INC. 020 B000010 00-0000000 020 C000010 16 021 000000 520 022 A000001 LEHMAN BROTHERS, INC. 022 B000001 13-2518466 022 C000001 675004 022 D000001 0 022 A000002 PAINE WEBBER INCORPORATED 022 B000002 13-2638166 022 C000002 549164 022 D000002 3824 PAGE 3 022 A000003 PARIBAS CORP 022 B000003 13-3235334 022 C000003 514121 022 D000003 0 022 A000004 WARBURG DILLON READ LLC 022 C000004 410429 022 D000004 0 022 A000005 MORGAN (J.P.) 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6 0000790202 FIRST FINANCIAL FUND, INC. 001 FIRST FINANICAL FUND, INC. YEAR MAR-31-1999 MAR-31-1999 314,434,604 266,480,743 2,794,209 146,234 0 269,421,186 1,930,219 45,000,000 610,215 47,540,434 0 278,101,129 25,064,981 20,477,040 0 0 (8,266,516) 0 (47,953,861) 221,880,752 6,892,202 565,622 0 4,771,314 2,686,510 31,773,999 (181,559,749) (147,099,240) 0 (1,023,852) (51,039,444) (11,214,443) 0 0 44,405,793 (165,971,186) 2,807,694 63,379,933 0 0 1,917,124 1,991,531 4,771,314 296,740,000 18.94 0.11 (7.20) (0.05) (2.59) (0.36) 8.85 1.61 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.00
EX-99 3 For the period ended (a) March 31, 1999 File number (c) 811-4605 SUB-ITEM 77J Restatement of Capital Share Account The First Financial Fund, Inc. accounts for and reports distributions to shareholders in accordance with the American Institute of Certified Public Accountants' Statement of Position 93-2: Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies. The effect of applying this Statement was to decrease undistributed net investment income by $2,571,585, increase accumulated net realized gain on investments by $2,947,927 and decrease paid-in capital by $376,342 for the year ended March 31,1999, due to distributions from paid-in capital. Net Investment income, net realized gains and net assets were affected by this change. EX-99 4 To the Shareholders and Board of Directors of First Financial Fund, Inc. (2) Report of Independent Accountants To the Shareholders and Board of Directors of First Financial Fund, Inc. In planning and performing our audit of the financial statements of First Financial Fund, Inc. (the "Fund") for the year ended March 31, 1999, 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, not to provide assurance on internal control. The management of the Fund 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 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 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 internal control components does not reduce to a relatively low level the risk that misstatements caused by error 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 internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of March 31, 1999. This report is intended solely for the information and use of management and the Board of Directors of the Fund and the Securities and Exchange Commission. PricewaterhouseCoopers LLP New York, New York May 20, 1999 -----END PRIVACY-ENHANCED MESSAGE-----