EX-25.1 10 a2045732zex-25_1.htm EXHIBIT 25.1 Prepared by MERRILL CORPORATION
QuickLinks -- Click here to rapidly navigate through this document


Exhibit 25.1



SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549



FORM T-1


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)      

U.S. BANK TRUST NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

 
   
   
13-3781471
(I.R.S. Employer
Identification No.)

100 Wall Street, New York, NY
(Address of principal
executive offices)

 

 

 

10005
(Zip Code)

For information, contact:
Patrick J. Crowley, Vice President
U.S. Bank Trust National Association
100 Wall Street, 16th Floor
New York, NY 10005
Telephone: (212) 361-2505

HEALTH NET, INC.
(Exact name of obligor as specified in its charter)

 
   
   
Delaware       95-4288333
(State or other jurisdiction of
incorporation or organization)
      (I. R. S. Employer
Identification No.)

21650 Oxnard Street
Woodland Hills, California

 

 

 


91367
(Address of principal
executive offices)
      (Zip Code)


Item 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   Washington, D. C.
    (b)
    Whether it is authorized to exercise corporate trust powers.

        Yes.


Item 2.  Affiliations with the Obligor.

    If the obligor is an affiliate of the trustee, describe each such affiliation.

        None.


Item 16.  List of Exhibits.

 
   
Exhibit 1.   Articles of Association of U.S. Bank Trust National Association, incorporated herein by reference to Exhibit 1 of Form T-1, Registration No. 022-22485.

Exhibit 2.

 

Certificate of Authority to Commence Business for First Trust of New York, National Association now known as U.S. Bank Trust National Association, incorporated herein by reference to Exhibit 2 of Form T-1, Registration No. 022-22485.

Exhibit 3.

 

Authorization to exercise corporate trust powers for U.S. Bank Trust National Association, incorporated herein by reference to Exhibit 3 of Form T-1, Registration No. 022-22485.

Exhibit 4.

 

By-Laws of U.S. Bank Trust National Association, incorporated herein by reference to Exhibit 4 of Form T-1, Registration No. 022-22485.

Exhibit 5.

 

Not applicable.

Exhibit 6.

 

Consent of First Trust of New York, National Association now known as U.S. Bank Trust National Association, required by Section 321(b) of the Act, incorporated herein by reference to Exhibit 6 of Form T-1, Registration No. 022-22485.

Exhibit 7.

 

Report of Condition of U.S. Bank Trust National Association, as of the close of business on March 31, 2001, published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.

 

Not applicable.

Exhibit 9.

 

Not applicable.


SIGNATURE

    Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, U.S. Bank Trust National Association, a national banking association organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 2nd day of July, 2001.

    U.S. BANK TRUST
NATIONAL ASSOCIATION

 

 

By:

/s/ 
PATRICK J. CROWLEY   
Patrick J. Crowley
Vice President


Exhibit 7


U.S. Bank Trust National Association
Statement of Financial Condition
As of 3/31/2001

($000's)

 
  3/31/2001
 
Assets        
  Cash and Due From Depository Institutions   $ 59,931  
  Federal Reserve Stock     0  
  Fixed Assets     524  
  Intangible Assets     54,029  
  Other Assets     12,262  
   
 
    Total Assets   $ 126,746  

Liabilities

 

 

 

 
  Other Liabilities   $ 10,993  
   
 
  Total Liabilities   $ 10,993  

Equity

 

 

 

 
  Common and Preferred Stock   $ 1,000  
  Surplus     120,932  
  Undivided Profits     (6,179 )
   
 
    Total Equity Capital   $ 115,753  

Total Liabilities and Equity Capital

 

$

125,746

 

To the best of the undersigned's determination, as of this date the above financial information is true and correct.

U.S. Bank Trust National Association

 
   
By:   /s/ PATRICK J. CROWLEY   
Vice President

Date: July 2, 2001




QuickLinks

Exhibit 25.1
FORM T-1
STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
Item 1. General Information.
Item 2. Affiliations with the Obligor.
Item 16. List of Exhibits.
SIGNATURE
Exhibit 7
U.S. Bank Trust National Association Statement of Financial Condition As of 3/31/2001 ($000's)