SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K [x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 1999 and the one month period ended December 31, 1998 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission file number 1-2256 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES (Full title of the plan) EXXON MOBIL CORPORATION (Name of issuer of the securities) 5959 Las Colinas Boulevard Irving, Texas 75039-2298 (Address of principal executive office)THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES INDEX Page ----- Financial Statements Statement of Net Assets Available for Benefits at December 31, 1999, December 31, 1998 and November 30, 1998 3-5 Statement of Changes in Net Assets Available for Benefits, for the Year ended December 31, 1999 and the One month period ended December 31, 1998 6-7 Notes to Financial Statements 8-14 Supplemental Schedules Schedule H, Item 4i-Schedule of Assets Held for Investment Purposes at December 31, 1999 (Exhibit 1) 15-23 Item 27a - Schedule of Assets Held for Investment Purposes at December 31, 1998 (Exhibit 2) 24-33 Item 27d - Schedule of Reportable Transactions At December 31, 1998 (Exhibit 3) 34 Report of Independent Accountants 35 Signature 36 Exhibit Index 37 Exhibit 23 - Consent of Independent Accountants 38 -2-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS December 31, 1999 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Assets Investments, at fair value: (See Note 8) $16,726 - $16,726 Exxon Mobil Corp common stock - $1,737 1,737 ------- ------ ------- Total investments 16,726 1,737 18,463 Cash 2 - 2 Amounts due from employers - 165 165 Amounts due from employees 13 - 13 Accrued interest 31 - 31 Other receivables 6 - 6 ------- ------ ------- Total assets 16,778 1,902 18,680 ------- ------ ------- Liabilities Payables and accrued liabilities 3 12 15 Long-term notes payable - 266 266 Commercial paper payable - 171 171 ------- ------ ------- Total liabilities 3 449 452 ------- ------ ------- Net assets available for benefits $16,775 $1,453 $18,228 ======= ====== ======= The accompanying notes are an integral part of these financial statements. -3-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS December 31, 1998 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Assets Investments, at fair value: (See Note 8) $ 9,912 - $ 9,912 Exxon Corporation Class A preferred stock - $252 252 Short-term investments - 20 20 ------- ------ ------- Total investments 9,912 272 10,184 Cash - 1 1 Amounts due from employers - 6 6 Accrued interest 39 - 39 Other receivables 18 - 18 ------- ------ ------- Total assets 9,969 279 10,248 ------- ------ ------- Liabilities Payables and accrued liabilities 36 3 39 Long-term notes payable - 125 125 ------- ------ ------- Total liabilities 36 128 164 ------- ------ ------- Net assets available for benefits $9,933 $151 $10,084 ======= ====== ======= The accompanying notes are an integral part of these financial statements. -4-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS November 30, 1998 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Assets Investments, at fair value: (See Note 8) $ 9,964 - $ 9,964 Exxon Corporation Class A preferred stock - $275 275 Short-term investments - 11 11 ------- ------ ------- Total investments 9,964 286 10,250 Amounts due from employers - 8 8 Dividends receivable 33 - 33 Accrued interest 36 - 36 Other receivables 2 - 2 ------- ------ ------- Total assets 10,035 294 10,329 ------- ------ ------- Liabilities Payables and accrued liabilities 23 3 26 Long-term notes payable - 125 125 ------- ----- ------- Total liabilities 23 128 151 ------- ----- ------- Net assets available for benefits $10,012 $166 $10,178 ======= ===== ======= The accompanying notes are an integral part of these financial statements. -5-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS YEAR ENDED DECEMBER 31, 1999 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Contributions: Employer $ 18 $ 101 $ 119 Employee 180 - 180 ------- ------ ------- Total contributions 198 101 299 ------- ------ ------- Investment income: Interest 143 1 144 Dividends 137 3 140 Special surplus allocation 20 (20) 0 Net appreciation in fair value of investments 945 22 967 ------- ------ ------- Total investment income 1,245 6 1,251 ------- ------ ------- Interest & miscellaneous expense - (5) (5) LESOP conversions 73 (177) (104) Benefit payments at fair value (638) - (638) Participant withdrawals at fair value (90) - (90) Transfers in 3 - 3 Transfers out at fair value (195) - (195) Transfer in from former Mobil Savings Plan 6,218 1,405 7,623 Interfund transfers 28 (28) - ------- ------- ------- Net increase 6,842 1,302 8,144 Net assets available for benefits: At the beginning of the year 9,933 151 10,084 ------- ------ ------- At the end of the year $16,775 $1,453 $18,228 ======= ====== ======= The accompanying notes are an integral part of these financial statements. -6-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS ONE MONTH PERIOD ENDED DECEMBER 31, 1998 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Contributions: Employer $ 2 $ 9 $ 11 Employee 17 - 17 ------- ----- ------- Total contributions 19 9 28 ------- ----- ------- Investment income: Interest 13 - 13 Dividends - 2 2 Net depreciation in fair value of investments (72) (17) (89) -------- ------ -------- Total investment income (59) (15) (74) -------- ------ -------- LESOP conversions 7 (7) - Benefit payments at fair value (42) - (42) Participant withdrawals at fair value (6) - (6) Interfund transfers 2 (2) - -------- ------ -------- Net decrease (79) (15) (94) Net assets available for benefits: At November 30, 1998 10,012 166 10,178 -------- ------ ------- At December 31, 1998 $9,933 $151 $10,084 ======= ====== ======= The accompanying notes are an integral part of these financial statements. -7-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES NOTES TO FINANCIAL STATEMENTS Note 1: Description of the Plan On November 30, 1999, a wholly-owned subsidiary of Exxon Corporation ("Exxon") merged with Mobil Corporation ("Mobil") so that Mobil became a wholly-owned subsidiary of Exxon. At the same time, Exxon changed its name to Exxon Mobil Corporation ("ExxonMobil"). Subsequently, effective December 30, 1999, the Employee Savings Plan of Mobil Oil Corporation ("Mobil Plan") with a current value of net assets totaling $7,656 million was merged with the Thrift Plan in the Benefit Plan of Exxon Corporation and Participating Affiliates ("Thrift Plan", also called the "Thrift Fund") with the Thrift Plan being the surviving plan. The net assets of the Mobil Plan on December 30, 1999 included employer contributions receivable of $33 million which were concurrently funded with shares from the Preferred Stock Fund (see Note 6). The participants in the Thrift Plan are eligible employees and former employees of ExxonMobil and certain affiliated employers. The terms and conditions of the Thrift Plan are fully contained in the Thrift Plan of Exxon Corporation and Participating Affiliates document ("Plan Document") dated January 1, 1999. Effective January 1, 2000, the Plan Document was amended and the Thrift Plan was renamed the ExxonMobil Savings Plan. The Thrift Plan is an "employee pension benefit plan" described in Section 3(2) of the Employee Retirement Income Security Act of 1974 ("ERISA") and also a "defined contribution plan" described in Section 3(34) of ERISA. The Plan permits participant contributions of up to 18 percent of compensation and employer contributions of up to 7 percent of compensation. Other Thrift Plan provisions including eligibility, enrollment, vesting, participation, forfeiture, loans, withdrawals, distributions, and federal tax treatment of a qualified plan and trust, are described in detail in the Plan Document. Also set forth in the Plan Document are the investment features of the Thrift Plan including investments in ExxonMobil stock, equity investment options, asset allocation options, fixed-income options, and capital preservation options. The plan year of the Thrift Plan that commenced December 1, 1998, ended on December 31, 1998 as provided by a plan amendment that changed the plan year of the Thrift Fund to coincide with the calender year. -8-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES NOTES TO FINANCIAL STATEMENTS Note 2: Accounting Policies The accounting records of the Thrift Plan are maintained on the accrual basis. Investments are stated at current value. Current values are based on quoted prices as of the date of the financial statements, or, if market quotations are not readily available, upon estimated values obtained from a major investment securities firm. Exxon Corporation Class A preferred stock held in the Exxon Corporation Preferred Stock Fund is stated at current value as measured by the value of common shares to which it was convertible. The Merrill Lynch Floating Rate Long-Term Fixed Income Fund is stated at current value, which approximates fair value, representing the original cost, plus interest (based upon the crediting rates of the underlying contracts) reduced by administration fees, transfers out, and withdrawals. The average crediting interest rate of the Merrill Lynch Floating Rate Long-Term Fixed Income Fund for the period ended December 31, 1999 was 6.1%. Crediting rates fluctuate with the activities of the underlying contracts. This investment choice has no fixed term, nor a minimum crediting interest rate. Net appreciation and depreciation in the current value of investments includes realized gains and losses on investments sold or disposed of during the year and unrealized gains and losses on investments held at year end. Participant loans represent the outstanding principal balances of the loans and are valued at cost, which approximates current value. The Thrift Plan is subject to normal risks associated with international and domestic debt and equity markets, including the investment in Exxon Mobil Corporation Common Stock. During the year ended December 31, 1999 and the one month period ended December 31, 1998, $398,723 and $6,740, respectively, of employers' matching contributions were forfeited by terminating employees before those amounts became vested. Such forfeited amounts are used to fund future employer contributions. Transfers in include participant-initiated rollovers of certain distributions from other tax-qualified plans into the Thrift Fund. Transfers out include a plan-to-plan transfer of the balances of former ExxonMobil employees who became employees of the Infineum USA, L.P. joint venture. -9-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES NOTES TO FINANCIAL STATEMENTS Note 3: Revalued Cost Basis Gains and Losses The Department of Labor ("DOL") requires that the components of net appreciation (depreciation) for investments held in the Exxon Mobil Corporation Common Stock Fund, investments held in the Common Asset Fund, and investments held in the Exxon Mobil Corporation ESOP Fund be segregated and calculated on a revalued cost basis for ERISA annual ("Form 5500") reporting purposes. Under the revalued cost basis, realized gains and losses on investments sold are calculated as proceeds less market value at the beginning of the year or, if acquired during the year, historical cost. Unrealized gains and losses are calculated as market value of assets at the end of the year less market value at the beginning of the year or, if acquired during the year, historical cost. For fixed income securities in the Common Asset Fund and the Exxon Mobil Corporation ESOP Fund, gains and losses are calculated on the basis of specific security identification. For ExxonMobil common stock, gains and losses are calculated assuming a first-in, first-out methodology for total shares in the portfolio for all shares sold by participants. For the year ended December 31, 1999, the one month period ended December 31, 1998, and the year ended November 30, 1998, these components of net appreciation (depreciation) were: Common Asset Exxon Mobil Fixed Income Corp ExxonMobil Securities Common Stock ESOP Fund Fund Fund ------------------ -------------------- ----------------- 1999 12/98 11/98 1999 12/98 11/98 1999 12/98 11/98 ---- ----- ----- ---- ----- ----- ---- ----- ----- (millions of dollars) Realized G/(L) $ (7) $ (.1) $(4) $ 74 $ (2) $ 150 $19 $ - $21 Unrealized G/(L) (21) (1.3) 11 573 (150) 1,051 - (17) 52 ----- ----- ----- ----- ----- ------ --- ------ ---- Net Appreciation $(28) $(1.4) $ 7 $647 $(152) $1,201 $19 $ (17) $73 (Depreciation) Note 4: Tax Status The Trustee believes that the Plan is a qualified plan under IRC Section 401(a) and that the related trust is exempt from tax under IRC section 501(a). On August 28, 1997, the Internal Revenue Service issued a favorable determination letter with respect to the qualified status of the Thrift Plan under Section 401(a) of the Internal Revenue Code ("IRC"). The Plan has been amended since the determination letter was received. The Trustee believes that the Plan is currently designed and is being operated in compliance with the applicable requirements of the IRC. -10-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES NOTES TO FINANCIAL STATEMENTS Note 5: Expenses Investment income from all sources is stated net of administrative expenses, which include brokerage fees on purchases and sales of ExxonMobil common stock, management fees, brokerage commissions, and administrative expenses. The participating employers also pay miscellaneous administrative expenses on behalf of the Thrift Plan. Note 6: ExxonMobil ESOP Fund (formerly Exxon Corporation Preferred Stock Fund) An employee stock ownership plan was incorporated into the Thrift Plan on August 1, 1988. This plan is commonly referred to as the Direct Dividend Account ("DDA") and is described in detail in the Plan Document. In 1989, the plan was leveraged when the Trustee-Thrift Trust borrowed $1.0 billion at a floating rate of interest under the terms of notes, guaranteed by Exxon Corporation. The Trustee used the proceeds of the borrowing to purchase 16,349,945 shares of newly issued Exxon Corporation Class A preferred stock ("Preferred Stock") for $61.50 per share which was convertible into Exxon Corporation common stock. After the common stock split on March 14, 1997, when the common share price exceeded $30.75, one share of preferred stock was convertible into two shares of common stock. When the price was $30.75 or less, one share of preferred was convertible into common shares having a total value of $61.50. Dividends on the Preferred Stock were cumulative and payable in an amount per share equal to $4.68 per annum. Dividends on the Preferred Stock of $4 million, $2 million, and $12 million were paid during the year ended December 31, 1999, the one month period ended December 31, 1998, and the year ended November 30, 1998, respectively, and covered interest payments of $2 million, $1 million, and $8 million on the notes. During the one month period ended December 31, 1998 and the year ended November 30, 1998, 113,153 and 1,397,641 shares of Preferred Stock, respectively, were converted into common stock. During the plan year ended December 31, 1999, the remaining shares of Preferred Stock totaling 1,718,697 shares were converted to common stock. During the year ended December 31, 1999, the one month period ended December 31, 1998, and the year ended November 30, 1998, principal payments of $125 million, $0 million, and $100 million, respectively, were made on the notes. The interest rate on the notes ranged from 3.78% to 5.70% for the year ended December 31, 1999, 3.88% to 5.70% for the one month period ended December 31, 1998, and 3.94% to 5.28% for the year ended November 30, 1998. The final principal payment of $125 million was made during 1999. The remaining Preferred Stock was converted into common stock and allocated to participant accounts as of December 31, 1999 in accordance with the Thrift Plan provisions and applicable law. -11-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES NOTES TO FINANCIAL STATEMENTS Upon merger of the Thrift Plan and the Mobil Plan on December 30, 1999, future contributions to the employee stock ownership plan (ESOP) were eligible for funding from the ESOP trust established in November 1989 by Mobil. In 1989, the ESOP trust, supported by a Mobil guarantee, privately placed $800,000,000 of floating interest rate notes due November 22, 2004, and used the proceeds to purchase 205,788 shares of Mobil Series B Convertible Preferred Stock at a price equal to liquidation value, or $3,887.50 per share. Following the merger of Exxon and Mobil, each outstanding share of Mobil Series B Convertible Preferred Stock was converted into one share of ExxonMobil Class B Preferred Stock, with similar terms. In December 1999, each unit of ExxonMobil's Class B Preferred Stock was converted into 132.015 shares of ExxonMobil Common Stock, and the accrued dividends on units of ExxonMobil Preferred Stock were converted into shares of ExxonMobil Common Stock. On February 27, 1990, the ESOP trust issued and Mobil guaranteed $800 million of 9.17% Sinking Fund Debentures due February 29, 2000, pursuant to Rule 415 under the Securities Act of 1933. The ESOP trust used the proceeds to retire the floating interest rate notes due November 22, 2004. As of December 31, 1999, $60.6 million of these debentures were still outstanding. Through December 31, 1999, the ESOP trust issued and ExxonMobil guaranteed an aggregate of $275 million of medium-term notes under a $300 million shelf registration statement filed with the Securities and Exchange Commission pursuant to Rule 415. The proceeds of the sales of the issued notes were used to retire identical principal amounts of existing ESOP trust debt. Interest on these notes is due semi-annually. On March 12, 1999, the Securities and Exchange Commission declared effective a new shelf registration that would have permitted the offer and sale by the ESOP trust of an additional $475 million in debt securities, guaranteed by Mobil, pursuant to Rule 415. Subsequent to the November 30, 1999 merger of Exxon and Mobil, the new shelf registration was withdrawn. -12-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES NOTES TO FINANCIAL STATEMENTS A summary of the outstanding medium-term notes as of December 31, 1999 is as follows: Date of Interest Maturity Issuance Amount Rate Date -------- ------------ -------- -------- 8/31/96 25,000,000 6.700% 8/31/00 8/31/96 15,000,000 6.625% 2/28/01 2/28/97 25,000,000 6.250% 8/31/01 2/28/97 10,000,000 6.300% 9/03/02 9/02/97 40,000,000 6.375% 8/31/01 3/02/98 25,000,000 5.875% 9/03/02 3/02/98 20,000,000 5.900% 2/28/03 8/31/98 45,000,000 5.800% 9/02/03 ------------ $205,000,000 ============ Principal and interest payments on the debentures and medium-term notes are due semi-annually. Principal maturities by calendar year are as follows: $85,600,000 in 2000; $80,000,000 in 2001; $35,000,000 in 2002; and $65,000,000 in 2003. On February 4, 1999, the ESOP trust established a commercial paper program under which the ESOP trust may sell to institutional investors up to $500 million of short-term notes. The proceeds of the sales of such notes will be used for the same purposes as the proceeds of the debt securities issued by the ESOP trust under the above mentioned shelf registrations. On March 1, 1999, the ESOP trust issued and Mobil guaranteed $115,090,808 of 4.973% notes, due August 31, 1999 . The proceeds were used in part to retire in advance of their normal maturity dates $70,000,000 of medium-term notes. On August 31, 1999, the Trust retired the 4.973% notes and issued Mobil-guaranteed notes of $170,954,960 at 5.72%, due February 29, 2000. Note 7: Claims Incurred But Not Paid The Thrift Plan reports benefits paid on a cash basis as required under generally accepted accounting principles. For Form 5500 reporting purposes, claims incurred but not paid of $19 million, $12 million, and $19 million for the year ended December 31, 1999, the one month period ended December 31, 1998, and the year ended November 30, 1998, respectively, are reported on an accrual basis. As such, the net assets available for benefits reflected for Form 5500 purposes are $18,209 million, $10,072 million, and $10,159 million for the year ended December 31, 1999, the one month period ended December 31, 1998, and the year ended November 30, 1998, respectively. -13-
THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES NOTES TO FINANCIAL STATEMENTS Note 8: Investments The following presents investments that represent 5% or more of the Plan's net assets available for benefits. (millions of dollars) December 31 December 31 November 30 1999 1998 1998 ----------- ----------- ----------- ExxonMobil Common Stock $9,556 $5,938 $6,144 ExxonMobil Common Stock (non-participant directed) 1,737 - - Equity Portfolio Fund 1,146 994 944 Jennison Equity Fund 1,581 - - Note 9: Subsequent Events During 2000, assets may be subject to transfer out of the ExxonMobil Savings Plan related to the accounts of participants employed by employers divested as a condition of approval by the Federal Trade Commission of the merger of Exxon and Mobil. -14-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE - ------------------------------------------------------------------------- COMMON ASSET FUND - ----------------- CORPORATE BONDS 3M DEUTSCHLAND GMBH 5.750% 07/30/01 $ 3,000 $ 2,947 ABBEY NATIONAL TREASURY SERV 6.250% 06/30/00 6,785 6,773 AMERICAN EXPRESS CR ACCT 6.800% 12/15/03 30,110 30,124 AMERICAN EXPRESS CR ACCT 6.400% 04/15/05 9,550 9,448 AMERICAN EXPRESS MSTR TR 5.375% 07/15/01 40,255 39,914 AMERICAN INTL GROUP INC M/T/N 4.875% 10/30/00 2,588 2,550 ASSOCIATES CORP NA M/T/N 6.200% 02/15/00 3,500 3,502 BANC ONE AUTO GRANTOR TR 6.100% 10/15/02 2,546 2,545 BANC ONE AUTO GRANTOR TR 6.550% 02/15/03 1,295 1,296 BANC ONE AUTO GRANTOR TR 6.270% 11/20/03 9,911 9,887 BANC ONE AUTO GRANTOR TR 6.290% 07/20/04 12,412 12,346 BANC ONE CR CARD MSTR TR 6.150% 07/15/02 2,750 2,748 BANKBOSTON RECR VEH 6.390% 01/15/03 7,345 7,224 BARNETT AUTO TR 6.030% 11/15/01 4,298 4,298 BAYERISCHE LANDESBANK U S FIN 6.650% 01/26/00 9,250 9,255 BAYERISCHE VEREINSBANK 8.125% 01/27/00 25,000 25,022 BELLSOUTH TELECOMM INC NT 6.500% 02/01/00 4,000 4,001 BMW VEHICLE OWNER TRUST 6.410% 04/25/03 5,000 4,973 BMW VEHICLE OWNER TRUST 6.160% 12/25/01 5,000 4,992 BP AMER INC 9.375% 11/01/00 8,500 8,696 BP AMER INC 7.875% 05/15/02 4,000 4,087 BP AMERICA INC E/M/T/N 5.750% 07/30/01 15,800 15,538 BRIDGESTONE/FIRESTONE MSTR 6.170% 07/01/03 9,167 9,159 BRITISH TELECOM PLC 6.75 6.750% 04/25/02 20,000 19,930 CALIFORNIA INFRASTRUCTURE & 6.160% 06/25/03 2,000 1,987 CALIFORNIA INFRASTRUCTURE & 6.170% 03/25/03 2,000 1,988 CALIFORNIA PETE TRANS CORP 7.350% 04/01/00 18,160 18,209 CAPITAL AUTO REC ASSET 5.580% 06/15/02 30,000 29,692 CAPITAL AUTO REC ASSET 6.250% 03/15/03 25,000 24,859 CATERPILLAR FINL ASSET TR 5.900% 03/25/02 10,000 9,968 CHASE CREDIT CD MSTR TR 6.230% 06/15/03 4,126 4,115 CHASE CREDIT MSTR CD TR 5.550% 09/15/03 32,000 31,616 CHASE CREDIT MASTER TR 6.230% 04/15/05 6,000 5,914 CHASE MANH AUTO OWNER TR 6.350% 02/15/01 1,195 1,196 CHASE MANH AUTO OWNER TR 6.500% 12/17/01 4,894 4,883 CHASE MANH AUTO OWNER TR 5.700% 09/17/01 2,742 2,738 CHASE MANH AUTO OWNER TR 5.800% 12/16/02 9,420 9,301 CHASE MANH AUTO OWNER TR 5.750% 10/15/01 6,432 6,422 CHASE MANH AUTO OWNER TR 5.850% 05/15/03 10,000 9,837 CHASE MANH GRANTOR TR 5.200% 02/15/02 1,320 1,315 -15-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE - ------------------------------------------------------------------------- CIT RV OWNER TR 5.400% 12/15/11 $ 4,891 $ 4,841 CIT RV TR 5.780% 07/15/08 10,000 9,795 CITIBANK CR CARD MSTR TR I 6.550% 02/15/04 5,000 4,966 CITIBANK CR CARD MSTR TR I 5.750% 01/15/03 32,330 31,977 CITIBANK CR CARD MSTR TR I 5.850% 04/10/03 31,000 30,619 COMMERCIAL CR GROUP INC NT 8.250% 11/01/01 10,200 10,427 CORESTATES HOME EQ TR 5.100% 03/15/09 898 888 CWABS INC 7.170% 12/25/17 5,000 4,981 DAIMLIER-BENZ AUTO GR TR 1997- 6.050% 03/20/05 3,900 3,885 DEERE JOHN OWNER TR 5.466% 08/15/01 10,000 9,962 DISCOVER CARD MASTER TR I 5.800% 09/16/03 17,000 16,787 DISCOVER CARD MASTER TR I 5.300% 08/15/04 20,500 19,860 DISCOVER CARD MASTER TR I 5.900% 10/15/04 2,000 1,957 DISCOVER CARD MASTER TRUST I 5.750% 10/16/03 15,180 14,964 ELI LILLY AND CO 8.125% 02/07/00 10,000 10,010 EURO INV BANK 7.625% 03/15/00 1,300 1,303 FIFTH THIRD AUTO GR TRUST 6.450% 03/15/02 3,044 3,047 FIFTH THIRD BK AUTO TR 1996-A 6.200% 09/15/01 1,844 1,844 FIRST SEC AUTO GR TR 6.300% 08/15/03 3,168 3,169 FIRST SECURITY AUTO GR TRUST 5.970% 04/15/04 17,169 17,043 FIRST SECURITY AUTO OWNR TRUS 5.492% 04/15/02 13,081 13,054 FIRST SECURITY AUTO OWNR TRUST 5.182% 06/15/01 2,263 2,263 FIRST USA BK NA WILMINGTON 6.125% 06/25/01 15,000 14,856 FLEETWOOD CR 1993-B GRANTOR TR 4.950% 08/15/08 1,145 1,111 FLEETWOOD CR 1994-B GRANTOR TR 6.750% 03/15/10 1,246 1,242 FORD CR AUTO OWNER TR 6.050% 04/15/01 1,862 1,862 FORD CR AUTO OWNER TR 5.650% 10/15/01 16,800 16,772 FORD CR AUTO OWNER TR 5.850% 10/15/01 9,422 9,405 FORD CR AUTO OWNER TR 5.310% 11/15/01 6,125 6,074 FORD CR AUTO OWNER TR 5.730% 11/15/00 200 200 FORD CR AUTO OWNER TR 5.860% 10/15/02 10,000 9,862 FORD CR AUTO OWNER TR 5.900% 06/15/02 6,300 6,234 FORD CR AUTO OWNER TR 5.800% 06/15/02 14,600 14,437 FORD CR AUTO OWNER TR 6.200% 04/15/02 6,000 5,986 GE CAP MTG SVCS INC 6.870% 09/25/08 4,275 4,257 GE CAP MTG SVCS INC 6.995% 09/25/13 5,000 4,970 GEN ELEC CAP CORP 8.000% 02/14/00 1,500 1,502 GEN ELEC CAP CORP E/M/T/N 6.250% 03/27/01 9,419 9,352 GENERAL ELEC CAP CORP M/T/N 6.020% 05/04/01 9,150 9,076 GENERAL ELEC CAP CORP M/T/N 5.770% 08/27/01 5,000 4,927 GENERAL ELEC CAP CORP M/T/N 5.280% 01/08/02 2,000 1,944 GENERAL ELEC CAP CORP M/T/N 5.890% 05/15/00 15,000 14,997 GENERAL ELEC CAP CORP M/T/N 7.265% 04/10/00 3,900 3,914 -16-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE - ------------------------------------------------------------------------- GENERAL ELEC CAP CORP M/T/N 5.720% 07/16/01 $ 8,000 $ 7,888 GENERAL ELEC CAP CORP M/T/N 5.264% 01/07/02 2,000 1,943 GENERAL ELEC CAP CORP 7.375% 05/09/01 4,000 4,026 GILLETTE CO 5.75 03AUG2001 5.750% 08/03/01 8,082 7,940 GMAC GRANTOR TR 6.500% 04/15/02 2,672 2,673 GMACM MTG LN TR 0.000% 08/25/29 5,501 5,453 HARLEY-DAVIDSON EAGLEMARK 5.840% 10/15/03 8,054 7,977 HARLEY-DAVIDSON EAGLEMARK 6.220% 02/15/04 4,832 4,807 HELLER EQUIP ASSET RECEIVABLES 5.500% 07/13/03 10,000 9,823 HITACHI FINANCE(UK 6.625 6.625% 06/06/00 5,000 4,991 HONDA AUTO LEASE TR 5.875% 10/15/01 6,500 6,499 HONDA AUTO REC 1999-1 5.300% 09/15/02 27,500 27,069 HONDA AUTO REC 1999-1 5.186% 06/15/01 5,821 5,807 HONDA AUTO REC CL A 5.850% 02/15/03 9,485 9,466 HONDA AUTO REC GRANTOR 5.950% 05/15/03 16,968 16,908 HOUSEHOLD AFFINITY CR CD 5.600% 05/15/02 25,324 25,244 HOUSEHOLD HOME EQ LN TR 6.875% 10/20/23 10,000 9,940 IADB 9.500% 04/11/00 8,700 8,764 INT AMER DEV BANK E/M/T/N 5.300% 12/20/00 2,500 2,468 INTER-AMERICAN DEV BK 3.100% 09/17/01 3,000 2,829 INTER AMERICAN BK 5.5 E M/T/N 5.500% 12/19/00 7,000 6,924 INTER AMERICAN DEV BANK 6.375% 08/01/00 3,150 3,143 INTERNATIONAL BANK RECON+DEVP 3.000% 02/05/01 14,900 14,337 INTERNATIONAL TELECOM SATELLITE 6.750% 01/19/00 17,355 17,353 KEY AUTO FIN TR 6.150% 10/15/01 2,949 2,949 KEY AUTO FINANCE TR 6.150% 03/15/04 8,292 8,292 KFW INTL FIN INC 9.500% 12/15/00 12,710 13,069 KFW INTL FIN INC 9.125% 05/15/01 1,525 1,573 KFW INTL FINANCE 8.125 GTD NTS 8.125% 10/30/01 3,000 3,064 KIMBERLY CLARK CORP 9.000% 08/01/00 8,000 8,126 KIMBERLY CLARK CORP 8.625% 05/01/01 13,350 13,697 MELLON AUTO GRANTOR TR 5.460% 10/17/05 19,016 18,701 MERRILL LYNCH & CO INC 6.700% 08/01/00 2,840 2,844 MERRILL LYNCH & CO INC M/T/N 6.380% 07/18/00 6,400 6,405 MERRILL LYNCH & CO INC M/T/N 6.250% 07/25/00 4,755 4,755 MERRILL LYNCH & CO INC M/T/N 6.330% 08/25/00 1,000 1,000 NATIONSBANK DALLAS TX N A 6.350% 03/15/01 12,000 11,931 NORWEST CORP M/T/N 7.125% 04/01/00 1,400 1,404 NORWEST FINL INC 7.250% 03/15/00 2,500 2,505 OLYMPIC AUTOMOBILE REC TR 6.850% 06/15/01 541 541 OESTERREICHE KONTROLBANK 9.125% 07/12/00 9,500 9,611 PREMIER AUTO TR 5.070% 07/08/02 3,950 3,879 PREMIER AUTO TR 5.690% 06/08/02 30,000 29,730 -17-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE - ------------------------------------------------------------------------- PREMIER AUTO TR 5.630% 08/06/01 $ 8,672 $ 8,657 PREMIER AUTO TR 5.490% 02/10/03 3,000 2,948 PREMIER AUTO TR 6.250% 08/06/01 117 117 PREMIER AUTO TR 5.770% 01/06/02 14,000 13,973 PREMIER AUTO TR 5.690% 11/08/02 15,000 14,804 PROCTER & GAMBLE CO 8.700% 08/01/01 3,900 4,024 PROCTER & GAMBLE CO NT 9.625% 01/14/01 21,790 22,456 ROCKWELL INTL CORP NT 8.375% 02/15/01 1,000 1,016 SEARS CR ACCOUNT MSTR TR II 5.800% 08/15/05 5,450 5,386 SEARS CR ACCOUNT MSTR TR II 6.200% 02/16/06 4,000 3,974 SHELL CDA LTD CDN$ DEB 8.875% 01/14/01 4,500 4,594 SMITHKLINE BEECHAM CAP INC 6.750% 10/30/01 1,015 1,012 SMITHKLINE BEECHAM CORP M/T/N 6.625% 10/01/01 1,500 1,499 SOUTHERN NEW ENGLAND M/T/N 8.000% 11/20/01 2,300 2,341 SOUTHWESTERN BELL TEL CO 6.375% 04/01/01 14,690 14,576 SOUTHWESTERN BELL TEL CO M/T/N 6.400% 04/22/02 4,500 4,433 SOUTHWESTERN BELL TEL CO M/T/N 7.000% 11/15/02 1,500 1,494 STATOIL 6.250% 10/10/00 2,640 2,629 TOYOTA AUTO REC 1999-A 5.800% 12/17/01 25,000 24,919 TOYOTA AUTO REC 1999-A 6.150% 08/16/04 6,001 5,935 TOYOTA AUTO REC GRANTOR TR 6.450% 04/15/02 6,164 6,168 UNILEVER 6.625 29MAY2001 6.625% 05/29/01 4,500 4,484 UNILEVER CAPITAL CORP 9.250% 03/29/00 29,700 29,825 UNITED PARCEL SERV 6.250% 07/07/00 27,904 27,848 USAA AUTO LN GRANTOR TR 6.100% 02/15/06 15,253 15,118 USAA AUTO LN GRANTOR TR 5.800% 01/15/05 10,009 9,922 USAA AUTO LN GRANTOR TR 6.000% 05/15/04 4,791 4,769 WACHOVIA BK N C N A BK NOTE 6.300% 03/15/01 5,000 4,972 WACHOVIA BK N C N A M/T/N 5.400% 02/20/01 13,500 13,301 WAL MART STORES 9.100% 07/15/00 34,136 34,646 WAL MART STORES 6.125% 11/21/00 5,701 5,662 WAL MART STORES INC 6.150% 08/10/01 5,000 4,964 WAL-MART STORES INC 8.625% 04/01/01 7,711 7,886 ---------- ----------- TOTAL CORPORATE BONDS $1,441,079 $1,434,617 -18-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE - ------------------------------------------------------------------------- GOVERNMENT BONDS FEDERAL FARM CR BKS CONS 5.125% 04/02/01 $ 30,000 $ 29,512 FEDERAL FARM CR BKS CONS M/T/N 4.850% 10/23/01 15,000 14,575 FEDERAL FARM CR BKS CONS M/T/N 6.450% 04/03/00 1,700 1,702 FEDERAL FARM CR BKS CONS M/T/N 5.560% 08/27/01 19,980 19,687 FEDERAL FARM CR BKS CONS M/T/N 5.570% 03/23/01 6,500 6,434 FEDERAL FARM CR BKS CONS M/T/N 6.280% 06/20/01 1,800 1,795 FEDERAL FARM CR BKS CONS M/T/N 5.800% 10/10/00 1,700 1,693 FEDERAL FARM CR BKS CONS M/T/N 4.960% 01/11/01 10,000 9,860 FEDERAL HOME LN BANK NT 7.280% 07/25/01 2,000 2,021 FEDERAL HOME LN BKS 5.375% 03/02/01 21,800 21,541 FEDERAL HOME LN BKS 5.040% 10/26/00 3,000 2,969 FEDERAL HOME LN BKS 5.630% 06/22/01 1,305 1,289 FEDERAL HOME LN BKS 5.500% 07/14/00 8,445 8,413 FEDERAL HOME LN BKS 5.620% 08/10/00 2,400 2,391 FEDERAL HOME LN BKS 5.750% 04/30/01 2,515 2,491 FEDERAL HOME LN BKS 5.645% 03/23/01 8,000 7,923 FEDERAL HOME LN BKS 5.610% 06/22/01 10,000 9,872 FEDERAL HOME LN BKS 5.710% 03/16/01 1,250 1,239 FEDERAL HOME LN BKS 5.500% 04/14/00 2,050 2,046 FEDERAL HOME LN BKS 6.580% 09/20/01 1,000 1,000 FEDERAL HOME LN BKS 5.125% 04/17/01 15,000 14,756 FEDERAL HOME LN BKS CONS 6.360% 03/21/01 1,000 998 FEDERAL HOME LN BKS CONS BD 7.260% 09/06/01 4,125 4,170 FEDERAL HOME LN BKS CONS BD 6.670% 04/06/01 1,000 1,002 FEDERAL HOME LN BKS CONS BD 6.145% 01/28/00 3,000 3,000 FEDERAL HOME LN BKS DEB 5.890% 07/24/00 1,000 998 FEDERAL HOME LN BKS DEB 4.395% 10/23/00 15,000 14,770 FEDERAL HOME LN BKS DEB 5.190% 03/01/01 10,000 9,859 FEDERAL HOME LN BKS DEB 5.010% 09/21/00 19,675 19,497 FEDERAL HOME LN BKS DEB 4.960% 09/29/00 2,000 1,981 FEDERAL HOME LN BKS DEB 4.630% 10/09/01 20,000 19,362 FEDERAL HOME LN BKS DEB 4.955% 11/20/01 10,000 9,716 FEDERAL HOME LN BKS DEB 4.885% 12/28/00 1,410 1,390 FEDERAL HOME LN BKS DEB 5.620% 01/12/01 4,000 3,969 FEDERAL HOME LN BKS DEB 4.735% 12/15/00 11,225 11,053 FEDERAL HOME LN BKS M/T/N 8.000% 09/11/01 1,000 1,023 FEDERAL HOME LN MTG CORP 7.060% 06/25/16 10,000 9,995 FEDERAL HOME LN MTG CORP DEB 6.565% 05/23/01 1,000 1,001 FEDERAL HOME LN MTG CORP REMIC 6.720% 08/25/16 9,000 8,889 FEDERAL HOME LOAN MTG 6.00 6.000% 04/25/00 17,600 17,594 -19-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE - ------------------------------------------------------------------------- FEDERAL HOME LN MTGE CORP 5.500% 05/15/02 $ 28,000 $ 27,309 FEDERAL HOME LOAN BANK 5.520% 01/22/01 1,000 991 FEDERAL HOME LOAN BANK CONS BD 5.500% 08/13/01 10,000 9,856 FEDERAL NATL MTG ASSN GTD REMIC 5.750% 09/25/07 25,000 24,507 FEDERAL NATL MTG ASSN M/T/N 6.375% 08/14/01 1,000 998 FEDERAL NATL MTG ASSN M/T/N 6.160% 04/03/01 6,000 5,979 FEDERAL NATL MTG ASSN M/T/N 6.400% 05/02/01 5,350 5,342 FEDERAL NATL MTG ASSN M/T/N 5.200% 09/14/00 22,000 21,831 FEDERAL NATL MTG ASSN M/T/N 4.450% 10/16/00 5,000 4,928 FEDERAL NATL MTG ASSN M/T/N 5.720% 01/09/01 4,000 3,974 FEDERAL NATL MTG ASSN 5.375% 03/15/02 15,000 14,634 FEDERAL NATL MTG ASSN #190778 6.000% 05/01/01 5,301 5,267 FEDERAL NATL MTG ASSN #247817 6.000% 11/01/00 558 554 FEDERAL NATL MTG ASSN #303277 6.000% 06/01/01 13,807 13,720 FEDERAL NATL MTG ASSN #313201 6.000% 06/01/01 9,499 9,384 FEDERAL NATL MTG ASSN M/T/N 6.650% 09/04/01 1,210 1,212 FEDERAL NATL MTG ASSN M/T/N 4.720% 12/11/00 5,000 4,925 FEDERAL NATL MTG ASSN M/T/N 5.490% 08/18/00 8,960 8,916 FEDERAL NATL MTG ASSN M/T/N 5.550% 08/10/00 5,000 4,979 FEDERAL NATL MTG ASSN M/T/N 6.180% 03/15/01 1,500 1,496 FEDL HOME LOAN MTG CORP 7.900% 09/19/01 1,875 1,915 FEDL HOME LOAN MTG CORP#G40343 5.500% 12/01/00 12,635 12,554 FEDL HOME LOAN MTG CORP#L80028 6.000% 07/01/00 763 759 FEDL HOME LOAN MTG CORP#M80169 6.000% 05/01/00 1,839 1,830 FEDL HOME LOAN MTG CORP#M80306 5.500% 01/01/01 2,982 2,941 FEDL HOME LOAN MTG CORP#N93561 6.000% 05/01/00 942 937 FEDL HOME LOAN MTG CORP#N94196 6.000% 08/01/00 572 569 INTER AMERN DEV BK 8.500% 05/01/01 7,800 7,993 ---------- ---------- TOTAL GOVERNMENT BONDS $ 510,073 $ 503,776 CERTIFICATE OF DEPOSITS FCC NATIONAL BANK C/D 5.550% 04/26/02 $ 15,000 $ 14,834 GREENWOOD TR CO DEL C/D 5.800% 03/20/00 15,000 14,997 GREENWOOD TR CO DEL C/D 5.100% 10/09/00 10,000 9,921 ---------- ---------- TOTAL CERTIFICATE OF DEPOSITS $ 40,000 $ 39,752 ---------- ---------- TOTAL FIXED INCOME SECURITIES $1,991,152 $1,978,145 -20-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE - ------------------------------------------------------------------------- SHORT TERM INVESTMENTS BEAR STEARNS MASTER NOTE 02/01/00 $ 5,031 $ 5,031 GOLDMAN SACHS & CO MASTER NOTE 02/01/00 11,046 11,046 COLLECTIVE SHORT TERM INVEST FD 01/00/00 48,494 48,494 SEI DAILY INCOME TR PRIME OBLIG CL-A#34 01/00/00 30,976 30,976 ---------- ---------- TOTAL SHORT TERM INVESTMENTS $ 95,547 $ 95,547 PARTICIPANT LOANS (ANNUAL INTEREST RATES FROM 9.0 TO 7.5, MAXIMUM PERIOD OF REPAYMENT IS 60 MONTHS) N/A $ 152,410 $ 152,410 ---------- ---------- TOTAL COMMON ASSET INVESTMENTS $2,239,109 $2,226,102 ========== ========== -21-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) SHARES/ CURRENT UNITS COST VALUE FUND/ISSUE (000'S) ($000's) ($000'S) - ------------------------------------------------------------------------- COMMON STOCK FUND - ---------------------------- *EXXONMOBIL CORPORATION COMMON STOCK 118,619 $9,556,257 REGISTERED INVESTMENT COMPANIES: - -------------------------------- *MERRILL LYNCH INSTITUTIONAL FUND 122,945 $ 122,945 MASSACHUSETTS FINANCIAL SERVICES COMPANY MFS EMERGING GROWTH FUND 3,007 $ 200,266 *MERRILL LYNCH GLOBAL ALLOCATION FUND 5,127 $ 71,885 FRANKLIN CUSTODIAN FUNDS, INC. FRANKLIN U.S. GOVERNMENT SECURITIES FUND 13,916 $ 90,873 AIM CHARTER FUND 5,940 $ 109,763 FRANKLIN TEMPLETON GROUP TEMPLETON FOREIGN FUND 6,505 $ 72,989 FRANKLIN TEMPLETON GROUP TEMPLETON DEVELOPING MARKETS TRUST 2,460 $ 38,394 COMMON COLLECTIVE TRUSTS: - -------------------------- BARCLAYS GLOBAL INVESTORS EQUITY FUND 3,251 $1,145,539 BARCLAYS GLOBAL INVESTORS EXTENDED EQUITY INDEX FUND 14,378 $ 397,669 *MERRILL LYNCH EQUITY INDEX TRUST 1,734 $ 175,436 BARCLAYS GLOBAL INVESTORS BALANCED FUND INDEX FUND 6,536 $ 77,112 OTHER INVESTMENTS: - ------------------ JENNISON EQUITY FUND 12,225 $1,580,777 *MERRILL LYNCH FLOATING RATE LONG- TERM FIXED INCOME FUND 797,029 $ 797,029 -22-
EXHIBIT 1 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES SCHEDULE H - ITEM 4i SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/99 (thousands of dollars) SHARES/ CURRENT UNITS COST VALUE FUND/ISSUE (000'S) ($000's) ($000'S) - ------------------------------------------------------------------------- *PARTICIPANT LOANS - ------------------ (ANNUAL INTEREST RATES FROM 6.0% TO 9.0%, MAXIMUM PERIOD OF REPAYMENT IS 60 MONTHS) $ 63,543 ----------- TOTAL PARTICIPANT-DIRECTED INVESTMENTS $16,726,579 ----------- ESOP FUND: - ---------- *EXXONMOBIL CORPORATION COMMON 21,555 $ 640,385 $1,736,532 STOCK (non-participant directed) ---------- ----------- TOTAL NON-PARTICIPANT-DIRECTED INVESTMENTS $ 640,385 $1,736,532 ---------- ----------- TOTAL ASSETS HELD FOR INVESTMENT PURPOSES $18,463,111 =========== * Party-in-interest as defined by ERISA -23-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- COMMON ASSET FUND - ----------------- CORPORATE BONDS 3M DEUTSCHELAND GM 5.75 5.750% 07/30/99 $ 3,000 $ 3,044 $ 3,054 ABBEY NATIONAL 6.250% 06/30/00 6,785 6,798 6,860 AMER EXPR MASTER TR 5.375% 07/15/01 40,255 40,139 40,301 AMER INTL GRP INC M/T/N 6.250% 08/16/99 20,000 19,966 20,135 AMER INTL GRP INC M/T/N 6.050% 11/01/99 5,250 5,245 5,288 AMER INTL GRP INC M/T/N 4.875% 10/30/00 2,588 2,582 2,578 ASSOC CORP NORTH AMER 6.625% 07/15/99 2,325 2,329 2,340 ASSOC CORP N AMER M/T/N 6.470% 05/17/99 3,000 3,000 3,013 ASSOC CORP N AMER M/T/N 5.440% 01/29/99 2,900 2,898 2,900 ASSOC CORP N AMER M/T/N 6.200% 02/15/00 3,500 3,514 3,532 ASSOC CORP N AMER NTS 6.250% 03/15/99 3,725 3,725 3,732 AUSTRIA REP 9.125% 04/25/99 7,000 7,051 7,087 BANC ONE AUTO GRANTOR TR 6.100% 10/15/02 7,059 7,072 7,104 BANC ONE AUTO GRANTOR TR 6.550% 02/15/03 3,407 3,403 3,438 BANC ONE AUTO GRANTOR TR 6.270% 11/20/03 19,538 19,603 19,758 BANC ONE AUTO GRANTOR TR 6.290% 07/20/04 16,258 16,369 16,457 BANKBOSTON RECR VEH 6.390% 01/15/03 14,690 14,760 15,169 BARNETT AUTO TR 6.030% 11/15/01 13,500 13,510 13,591 BARNETT AUTO TR 5.920% 07/15/00 6,787 6,802 6,796 BAYER USA INC 7.750% 10/28/99 10,950 11,088 11,141 BAYERISCHE LANDESBANK GIROZENTRALE M/T/N 6.550% 07/19/99 10,000 9,998 10,075 BAYERISCHE LANDESBANK GIROZENTRALE M/T/N 6.125% 10/22/99 10,000 9,972 10,120 BAYERISCHE LANDESBANK U S FIN M/T/N 6.650% 01/26/00 9,250 9,322 9,429 BAYERISCHE VEREINSBANK 8.125% 01/27/00 25,000 25,407 25,687 BELLSOUTH CAP FDG CORP SER A M/T/N 8.650% 10/01/99 2,700 2,744 2,768 BELLSOUTH TELECOMM INC NT 6.500% 02/01/00 4,000 4,015 4,060 BOATMENS AUTO TR 95-A A-3 6.100% 05/15/00 1,544 1,544 1,547 BP AMER INC 9.375% 11/01/00 7,500 8,019 8,052 BP AMER INC M/T/N 6.923% 01/15/99 7,000 7,002 7,003 BP AMERICA INC 5.750% 07/30/01 15,800 16,047 15,978 BRIDGESTONE/FIRESTONE MSTR 6.170% 07/01/03 10,000 10,045 10,124 BRITISH PETROLEUM AMER 9.750% 03/01/99 14,450 14,483 14,540 BRITISH TELECOM FIN INC 9.375% 02/15/99 17,210 17,265 17,286 CALIF INFRASTRUCTURE & 6.160% 06/25/03 2,000 2,000 2,045 CALIF INFRASTRUCTURE & 6.010% 06/25/01 2,978 2,981 2,978 CALIF INFRASTRUCTURE & 6.170% 03/25/03 2,000 2,000 2,028 -24-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- CALIF PETE TRANS CORP 7.350% 04/01/00 $ 18,160 $ 18,481 $ 18,614 CASE EQUIP LN TR 6.150% 09/15/02 2,023 2,023 2,025 CHASE CREDIT CD MSTR TR 6.230% 06/15/03 4,126 4,130 4,195 CHASE CREDIT MSTR CD TR 5.550% 09/15/03 15,000 14,950 15,085 CHASE MAN AUTO OWNER TR 6.350% 02/15/01 8,000 7,998 8,063 CHASE MAN AUTO OWNER TR 5.700% 09/17/01 5,000 4,988 5,023 CHASE MAN AUTO OWNER TR 5.750% 10/15/01 10,000 9,999 10,055 CHASE MAN AUTO OWNER TR 5.747% 08/15/00 12,300 12,319 12,342 CHASE MAN CR CD MSTR TR 6.730% 02/15/03 10,500 10,500 10,562 CHASE MAN GRANTOR TR 6.000% 09/17/01 3,349 3,351 3,360 CHASE MAN GRANTOR TR 5.900% 11/15/01 3,989 3,990 3,999 CHASE MAN GRANTOR TR 5.200% 02/15/02 4,166 4,163 4,168 CHESAPEAKE & POTOMAC TEL CO MD 5.875% 09/15/99 11,000 10,980 11,055 CIT RV OWNER TR 5.400% 12/15/11 7,246 7,240 7,256 CITIBANK CR CD MSTR TR I 5.750% 01/15/03 22,825 22,916 23,058 CITIBANK CR CD MSTR TR I 5.850% 04/10/03 11,000 11,037 11,086 CORESTATES HOME EQ TR 5.100% 03/15/09 1,808 1,808 1,794 CR LOCAL DE FRANCE DEB 8.875% 10/18/99 22,871 23,310 23,472 CTS HOME EQUITY LN TR 7.700% 09/15/06 1,845 1,868 1,841 DAIMLER-BENZ AUTO GR TR 5.850% 05/15/02 3,295 3,295 3,296 DAIMLER-BENZ VEH TR 5.850% 07/20/03 9,682 9,686 9,725 DAIMLIER-BENZ AUTO GR TR 1997-A A 6.050% 03/20/05 8,048 8,053 8,114 DEUTSCH BANK FIN INC 9.375% 06/21/99 3,469 3,516 3,528 DISCOVER CARD MSTR TR I 5.400% 11/16/01 14,686 14,647 14,694 DISCOVER CARD MSTR TR I 5.800% 09/16/03 12,000 11,964 12,052 DISCOVER CARD MSTR TR I 5.750% 10/16/03 5,000 4,974 5,043 EKSPORTFINANS AS EMTN 7.740% 05/06/99 1,400 1,404 1,411 ELI LILLY AND CO 8.125% 02/07/00 10,000 10,221 10,255 EURO INV BANK 7.625% 03/15/00 1,300 1,325 1,333 EUROPEAN INVT BK M/T/N 8.875% 02/15/99 8,500 8,523 8,535 EUROPEAN INVT BK M/T/N 6.330% 10/01/99 13,000 13,004 13,079 EUROPEAN INVT BK M/T/N 7.350% 06/01/99 9,000 9,031 9,085 FIFTH THIRD AUTO GR TR 6.450% 03/15/02 9,139 9,176 9,221 FIFTH THIRD BK AUTO TR 1996-A 6.200% 09/15/01 6,594 6,594 6,629 FIRST SEC AUTO GR TR 6.250% 01/15/01 526 528 526 FIRST SEC AUTO GR TR 6.300% 08/15/03 7,665 7,680 7,669 FIRST SEC AUTO GR TR 5.970% 04/15/04 31,105 31,209 31,343 FIRST SEC AUTO OWNER TR 5.182% 06/15/01 20,000 20,000 20,012 FLEETWOOD CR 1993-B GR TR 4.950% 08/15/08 1,600 1,596 1,594 FLEETWOOD CR 1994-B GR TR 6.750% 03/15/10 1,757 1,753 1,780 FORD CR AUTO OWNER TR 6.750% 09/15/00 6,281 6,282 6,332 -25-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- FORD CR AUTO OWNER TR 6.100% 03/15/00 $ 2,154 $ 2,154 $ 2,159 FORD CR AUTO OWNER TR 6.050% 04/15/01 6,075 6,081 6,115 FORD CR AUTO OWNER TR 5.650% 10/15/01 30,450 30,448 30,590 FORD CR AUTO OWNER TR 5.850% 10/15/01 10,000 10,066 10,087 FORD CR AUTO OWNER TR 5.800% 10/15/00 19,073 19,088 19,154 FORD CR AUTO OWNER TR 5.730% 11/15/00 3,100 3,112 3,112 FORD CR GRANTOR TR 5.900% 10/15/00 5,385 5,391 5,398 GE CAP MTG SVCS INC 7.200% 09/15/11 278 298 277 GEN ELEC CAP CORP 8.000% 02/14/00 1,500 1,531 1,542 GEN ELEC CAP CORP E/M/T/N 6.250% 03/27/01 9,419 9,585 9,380 GEN ELEC CAP CANADA 8.750% 10/25/99 2,974 3,037 3,048 GEN ELEC CAP CORP 7.375% 05/09/01 4,000 4,172 4,165 GEN ELEC CAP CORP M/T/N 8.100% 01/26/99 2,000 2,003 2,003 GEN ELEC CAP CORP M/T/N 5.890% 05/15/00 15,000 15,118 15,156 GEN ELEC CAP CORP M/T/N 5.190% 02/12/99 5,000 5,000 4,999 GEN ELEC CAP CORP M/T/N 5.480% 03/01/99 5,000 4,991 5,002 GEN ELEC CAP CORP M/T/N 7.265% 04/10/00 3,900 3,952 4,005 GEN ELEC CAP CORP M/T/N 5.210% 02/09/99 5,000 4,999 4,999 GEN ELEC CAPITAL 6.875% 06/03/99 3,430 3,443 3,447 GMAC GRANTOR TR 6.500% 04/15/02 7,015 7,013 7,075 HALIFAX BUILDING SOCIETY 6.625% 07/26/99 20,000 20,045 19,731 HEWLETT-PACKARD FIN CO M/T 6.500% 12/30/99 8,000 8,040 8,080 HITACHI FINANCE UK PLC 6.625% 06/06/00 5,000 5,021 5,013 HONDA AUTO REC CL A 5.850% 02/15/03 21,088 21,091 21,199 HONDA AUTO REC GRANTOR 5.950% 05/15/03 16,254 16,288 16,360 HOUSEHOLD AFFINITY CR CD 5.600% 05/15/02 27,626 27,536 27,764 IADB 9.500% 04/11/00 8,700 9,049 9,135 IBRD 4.500% 08/26/99 10,089 9,995 10,057 INT AMER DEV BANK E/M/T/N 5.300% 12/20/00 2,500 2,533 2,497 INTER AMER BK 5.5 E M/T/N 5.500% 12/19/00 7,000 6,968 7,018 INTER AMERICAN DEV BANK 6.375% 08/01/00 3,150 3,205 3,197 INTER AMER DEV BK M/T/N 5.600% 05/28/99 26,930 26,858 26,964 INTER-AMERICAN DEV BK 3.100% 09/17/01 3,000 2,880 2,829 INTL BK FOR RECON & DEV COLTS 9.625% 04/28/99 5,000 5,048 5,075 INTL TELECOM SATELLITE 6.750% 01/19/00 17,355 17,449 17,572 INTL BANK RECON DEV 3.0 3.000% 02/05/01 14,900 14,203 14,211 KEY AUTO FIN TR 6.150% 10/15/01 6,000 5,999 6,054 KEY AUTO FIN TR 6.050% 09/15/03 8,000 8,014 8,043 KEY AUTO FINANCE TR 5.850% 03/15/03 533 533 534 KEY AUTO FINANCE TR 6.150% 03/15/04 9,641 9,671 9,751 KEYCORP AUTO GRANTOR TR 5.800% 07/15/00 914 914 914 KFW INTL FIN INC 9.500% 12/15/00 12,710 13,549 13,736 KFW INTL FIN INC 9.125% 05/15/01 1,525 1,674 1,658 -26-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- KFW INTL FIN INC GTD NT 8.850% 06/15/99 $ 21,180 $ 21,448 $ 21,530 KFW INTL FIN INC-M/T/N 9.020% 02/23/99 5,000 5,018 5,025 KFW INTL FIN 8.125 GTD NTS 8.125% 10/30/01 3,000 3,255 3,218 KIMBERLY CLARK CORP 9.000% 08/01/00 5,000 5,220 5,288 KIMBERLY CLARK CORP 8.625% 05/01/01 8,350 8,848 8,980 KREDIETBANK INTL FIN 6.125% 04/29/99 20,000 19,984 20,360 LBK RHEIN-PFALZ GI M/T/N 6.100% 10/28/99 32,100 32,037 32,221 LILLY ELI & CO M/T/N 7.100% 02/16/99 1,000 1,001 1,002 MBNA MASTER CR CARD TR 5.400% 09/15/00 7,131 7,105 7,119 MCDONALDS COR M/T/N SER B 8.375% 10/29/99 2,100 2,134 2,154 MCDONALDS CORPORATION 6.625% 12/20/99 1,540 1,549 1,553 MERRILL LYNCH & CO INC 6.700% 08/01/00 2,840 2,877 2,894 MERRILL LYNCH & CO INC M/T 6.380% 07/18/00 6,400 6,477 6,488 MERRILL LYNCH & CO INC M/T 6.250% 07/25/00 4,755 4,817 4,826 MERRILL LYNCH & CO INC M/T 6.330% 08/25/00 1,000 1,008 1,017 MMCA AUTO OWNER TR 5.700% 11/15/00 857 858 857 MORGAN J P & CO INC M/T/N 6.000% 03/18/99 20,000 19,987 20,022 NATIONSBANK AUTO GR TR 5.850% 06/15/02 3,575 3,575 3,588 NATIONSBANK AUTO OWNR TR 6.375% 07/15/00 11,212 11,213 11,237 NATL AUSTRALIA BK 6.00 6.000% 03/26/99 6,000 5,998 6,008 NAVISTAR FIN 95-A OWNR TR 6.550% 11/20/01 1,381 1,385 1,382 NEW ENGLAND TEL & TEL CO 6.150% 09/01/99 2,000 1,994 2,014 NIPPON TEL & TEL 9.000% 07/19/99 2,630 2,664 2,676 NISSAN AUTO REC GR TR 6.100% 08/15/01 3,621 3,623 3,628 NORWEST AUTOMOBILE TR 5.900% 03/15/00 11,055 11,052 11,070 NORWEST CORP M/T/N 7.125% 04/01/00 1,400 1,419 1,428 NORWEST CORP M/T/N 7.125% 09/09/99 3,000 3,012 3,038 NORWEST CORP M/T/N 7.625% 10/15/99 1,000 1,013 1,018 NORWEST CORP M/T/N 6.250% 04/15/99 6,150 6,153 6,172 NORWEST FINL INC 7.250% 03/15/00 2,500 2,538 2,553 NORWEST FINL INC M/T/N 6.375% 10/01/99 4,250 4,243 4,286 OEST KONTROLLBANK 7.50 7.500% 11/15/99 2,733 2,794 2,781 OESTERREICHE KONTROLBANK 9.125% 07/12/00 9,500 9,885 10,014 OESTERREICHISCHE KONTROLLBANK M/T/N 8.700% 07/13/99 8,000 8,092 8,152 OLYMPIC AUTO REC TR 6.850% 06/15/01 1,362 1,362 1,363 PITNEY BOWES CR CORP M/T/N 6.540% 07/15/99 10,000 10,014 10,071 PNC STUDENT LN TR I 6.138% 01/25/00 16,565 16,587 16,608 PREMIER AUTO TR 5.690% 06/08/02 12,000 11,999 12,089 PREMIER AUTO TR 5.630% 08/06/01 10,000 9,999 10,047 PREMIER AUTO TR 6.000% 05/06/00 1,048 1,049 1,049 PREMIER AUTO TR 6.350% 01/06/00 861 861 862 PREMIER AUTO TR 6.500% 03/06/00 7,103 7,108 7,118 PREMIER AUTO TR 6.250% 08/06/01 1,000 1,004 1,006 -27-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- PREMIER AUTO TR 6.120% 06/06/00 $ 14,237 $ 14,236 $ 14,282 PREMIER AUTO TR 5.770% 01/06/02 14,000 14,000 14,095 PREMIER AUTO TR 6.150% 03/06/00 3,084 3,085 3,089 PROCTER & GAMBLE CO 8.700% 08/01/01 1,900 2,072 2,062 PROCTER & GAMBLE CO NT 9.625% 01/14/01 21,790 23,316 23,724 RABOBANK NEDERLAND M/T/N 5.950% 10/06/99 15,000 14,999 15,109 ROCKWELL INTL CORP 8.875% 09/15/99 10,250 10,453 10,501 ROCKWELL INTL CORP NT 8.375% 02/15/01 1,000 1,050 1,060 SEARS CR ACCT MSTR TR II 6.250% 01/15/03 6,167 6,196 6,173 SEARS CR ACCT MSTR TR II 6.500% 10/15/03 18,333 18,331 18,443 SHELL CDA LTD CDN$ DEB 8.875% 01/14/01 4,500 4,764 4,815 SHELL OIL CO NT 6.625% 07/01/99 8,800 8,806 8,862 SW BELL TEL CO 6.375% 04/01/01 3,200 3,230 3,276 SW BELL TEL CO M/T/N 6.400% 08/18/99 4,000 4,008 4,028 STANDARD CR CD MSTR TR 5.500% 02/07/00 16,750 16,749 16,751 STANDARD CR CD MSTR TR 1 6.800% 04/07/01 2,000 2,001 2,008 STANDARD CR CD MSTR TR I 5.900% 02/07/01 27,425 27,421 27,444 STATOIL 6.625% 09/27/99 10,000 10,052 10,075 STATOIL 6.250% 10/10/00 2,640 2,656 2,666 TMS HOME EQUITY LN TR 5.175% 07/15/06 612 620 610 TOKYO METROPOLIS JAPAN 8.700% 10/05/99 2,000 2,034 2,050 TOYOTA AUTO RECEIVABLES 6.300% 07/20/01 6,613 6,614 6,635 TOYOTA AUTO REC GR TR 6.450% 04/15/02 14,555 14,575 14,685 UNILEVER 6.625 29MAY2001 6.625% 05/29/01 4,500 4,648 4,611 UNILEVER CAPITAL CORP 9.250% 03/29/00 29,700 30,591 30,999 UNILEVER NV EURO MTN US$ 8.000% 12/08/99 7,000 7,124 7,158 UNITED PARCEL SERV 6.250% 07/07/00 27,904 28,068 28,183 USAA AUTO LN GRANTOR TR 5.800% 01/15/05 12,426 12,419 12,519 USAA AUTO LN GRANTOR TR 6.000% 05/15/04 8,362 8,391 8,415 USAA CAP CORP M/T/N 6.550% 09/20/99 10,000 10,027 10,097 WACHOVIA BK N C N A M/T/N 7.050% 06/09/99 15,000 15,038 15,117 WACHOVIA BK N C N A M/T/N 7.000% 05/12/99 5,800 5,806 5,836 WACHOVIA BK N C N A M/T/N 5.375% 01/04/99 5,650 5,650 5,650 WACHOVIA BK N C N A M/T/N 6.000% 03/15/99 2,450 2,450 2,454 WACHOVIA BK N C N A M/T/N 5.400% 02/20/01 5,000 5,004 5,003 WACHOVIA BK N C N A M/T/N 5.840% 11/29/99 5,000 5,001 5,029 WACHOVIA BK N C N A M/T/N 6.700% 04/14/99 1,000 1,001 1,004 WAL MART STORES 9.100% 07/15/00 26,651 27,909 28,244 WAL MART STORES 6.125% 11/21/00 5,701 5,736 5,758 WAL MART STORES INC NT 6.125% 10/01/99 4,000 3,996 4,022 WAL-MART STORES INC 8.625% 04/01/01 4,711 5,072 5,066 ----------- ----------- ---------- TOTAL CORPORATE BONDS $1,741,782 $1,753,757 $1,762,828 -28-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- GOVERNMENT BONDS FED FARM CR BKS CONS M/T/N 5.500% 04/01/99 $ 15,000 $ 15,017 $ 15,012 FED FARM CR BKS CONS M/T/N 6.450% 04/03/00 1,700 1,731 1,729 FED FARM CR BKS CONS M/T/N 5.800% 10/10/00 1,700 1,725 1,723 FED FARM CR BKS CONS M/T/N 5.570% 03/23/01 6,500 6,575 6,579 FED FARM CR BKS CONS M/T/N 6.280% 06/20/01 1,800 1,865 1,851 FED FARM CR BKS CONS M/T/N 5.560% 08/27/01 19,980 20,461 20,255 FED FARM CR BKS CONS M/T/N 4.850% 10/23/01 15,000 15,112 14,925 FED HOME LN BANK NT 7.280% 07/25/01 2,000 2,122 2,106 FED HOME LN BKS 5.500% 04/14/00 2,050 2,065 2,063 FED HOME LN BKS 5.500% 07/14/00 8,445 8,507 8,507 FED HOME LN BKS 5.620% 08/10/00 1,000 1,010 1,010 FED HOME LN BKS 5.040% 10/26/00 3,000 2,997 3,003 FED HOME LN BKS 5.710% 03/16/01 1,250 1,266 1,269 FED HOME LN BKS 5.750% 04/30/01 2,515 2,573 2,553 FED HOME LN BKS 5.630% 06/22/01 1,305 1,333 1,322 FED HOME LN BKS 5.610% 06/22/01 10,000 10,211 10,128 FED HOME LN BKS 6.580% 09/20/01 1,000 1,047 1,038 FED HOME LN BKS CONS 6.360% 03/21/01 1,000 1,034 1,028 FED HOME LN BKS CONS BD 6.145% 01/28/00 3,000 3,044 3,038 FED HOME LN BKS CONS BD 6.670% 04/06/01 1,000 1,041 1,034 FED HOME LN BKS CONS BD 7.260% 09/06/01 4,125 4,383 4,350 FED HOME LN BKS DEB 5.890% 07/24/00 1,000 1,014 1,013 FED HOME LN BKS DEB 5.010% 09/21/00 19,675 19,685 19,684 FED HOME LN BKS DEB 4.960% 09/29/00 2,000 2,002 1,998 FED HOME LN BKS DEB 4.395% 10/23/00 15,000 14,862 14,850 FED HOME LN BKS DEB 4.735% 12/15/00 11,225 11,187 11,174 FED HOME LN BKS DEB 4.885% 12/28/00 1,410 1,405 1,408 FED HOME LN BKS DEB 4.630% 10/09/01 20,000 19,968 19,785 FED HOME LN BKS DEB 4.955% 11/20/01 10,000 9,968 9,977 FED HOME LN BKS M/T/N 8.000% 09/11/01 1,000 1,082 1,073 FED HOME LN MTG CORP DEB 4.950% 02/22/99 5,000 4,996 4,998 FED HOME LN MTG CORP DEB 6.565% 05/23/01 1,000 1,041 1,034 FED HOME LN MTG CORP NTS 4.950% 02/22/99 10,000 9,986 9,997 FED HOME LOAN 5.520% 01/22/01 1,000 1,011 1,010 FED HOME LOAN BANK 9.300% 01/25/99 8,280 8,297 8,299 FED HOME LOAN BANK CONS BD 5.500% 08/13/01 10,000 10,085 10,108 FED HOME LOAN MTG 6.000% 04/25/00 17,600 17,907 17,796 FED NATL MTG ASSN DEB 8.550% 08/30/99 5,120 5,197 5,235 FED NATL MTG ASSN DEB 7.680% 11/22/99 2,465 2,496 2,523 FED NATL MTG ASSN DISCT 0.000% 04/01/99 10,000 9,768 9,772 FED NATL MTG ASSN M/T/N 5.200% 01/25/99 5,000 5,000 5,000 -29-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- FED NATL MTG ASSN M/T/N 5.090% 02/08/99 $ 5,000 $ 5,000 $ 5,000 FED NATL MTG ASSN M/T/N 4.950% 02/22/99 10,000 9,995 9,997 FED NATL MTG ASSN M/T/N 4.940% 02/23/99 5,000 4,992 4,998 FED NATL MTG ASSN M/T/N 5.400% 03/12/99 5,000 4,995 5,002 FED NATL MTG ASSN M/T/N 5.550% 03/12/99 2,030 2,027 2,032 FED NATL MTG ASSN M/T/N 6.000% 03/26/99 5,000 4,999 5,009 FED NATL MTG ASSN M/T/N 6.090% 06/14/99 5,000 4,999 5,023 FED NATL MTG ASSN M/T/N 6.070% 07/01/99 5,000 4,999 5,026 FED NATL MTG ASSN M/T/N 5.550% 08/10/00 5,000 5,078 5,043 FED NATL MTG ASSN M/T/N 5.490% 08/18/00 8,960 9,036 9,030 FED NATL MTG ASSN M/T/N 5.200% 09/14/00 22,000 22,227 22,076 FED NATL MTG ASSN M/T/N 4.450% 10/16/00 5,000 4,956 4,955 FED NATL MTG ASSN M/T/N 4.720% 12/11/00 5,000 4,983 4,976 FED NATL MTG ASSN M/T/N 6.180% 03/15/01 1,500 1,546 1,537 FED NATL MTG ASSN M/T/N 6.160% 04/03/01 6,000 6,165 6,141 FED NATL MTG ASSN M/T/N 6.400% 05/02/01 5,350 5,521 5,506 FED NATL MTG ASSN M/T/N 6.375% 08/14/01 1,000 1,040 1,032 FED NATL MTG ASSN M/T/N 6.650% 09/04/01 1,210 1,268 1,258 FED NATL MTG ASSN POOL # 9.550% 03/10/99 1,800 1,809 1,814 FED NATL MTG ASSN POOL #190778 6.000% 05/01/01 8,528 8,499 8,526 FED NATL MTG ASSN POOL #247817 6.000% 11/01/00 1,189 1,183 1,189 FED NATL MTG ASSN POOL #303277 6.000% 06/01/01 20,470 20,423 20,464 FED NATL MTG ASSN POOL #313201 6.000% 06/01/01 14,086 14,071 14,106 FED NATL MTGE ASSN 8.700% 06/10/99 1,000 1,005 1,015 FEDL HOME LOAN MTG CORP 7.900% 09/19/01 1,875 2,025 2,009 FEDL HOME LOAN MTG CORP GRP #G40276 6.500% 12/01/99 5,196 5,244 5,194 FEDL HOME LOAN MTG CORP GRP #G40343 5.500% 12/01/00 18,788 18,837 18,757 FEDL HOME LOAN MTG CORP GRP #L80028 6.000% 07/01/00 1,266 1,267 1,267 FEDL HOME LOAN MTG CORP GRP #M80142 6.000% 10/01/99 1,625 1,632 1,623 FEDL HOME LOAN MTG CORP GRP #M80169 6.000% 05/01/00 3,505 3,519 3,509 FEDL HOME LOAN MTG CORP GRP #M80306 5.500% 01/01/01 3,913 3,927 3,907 FEDL HOME LOAN MTG CORP GRP #N93561 6.000% 05/01/00 1,453 1,452 1,454 -30-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- FEDL HOME LOAN MTG CORP GRP #N94196 6.000% 08/01/00 $ 788 $ 794 $ 788 INTER AMERN DEV BK 8.500% 05/01/01 7,800 8,343 8,400 STUDENT LN MKTG ASSN NT 4.500% 08/02/99 35,575 35,221 35,475 ---------- ---------- ---------- TOTAL GOVERNMENT BONDS $ 492,052 $ 495,153 $ 494,395 CERTIFICATE OF DEPOSITS BANKERS TR CO C/D 5.800% 02/08/99 $ 10,000 $ 9,997 $ 10,012 BAYERISCHE LANDESBANK N Y INSTL C/D 5.220% 02/12/99 5,000 5,001 5,001 GREENWOOD TR CO DEL C/D 5.800% 03/20/00 15,000 14,958 15,146 GREENWOOD TR CO DEL C/D 5.100% 10/09/00 10,000 9,964 9,965 ---------- ---------- ---------- TOTAL CERTIFICATE OF DEPOSITS $ 40,000 $ 39,920 $ 40,124 ---------- ---------- ---------- TOTAL FIXED INCOME SECURITIES $2,273,834 $2,288,830 $2,297,347 SHORT TERM INVESTMENTS COMMERCIAL PAPER AMER EXPR CR CORP CPDS N/A 01/04/99 $ 35,000 $ 34,910 $ 34,904 ASSOC CORP OF NA C/P DISC N/A 01/04/99 10,000 9,928 9,926 GEN ELEC CAP CORP CPIB 5.040% 01/12/99 20,000 20,000 20,000 GEN MTRS ACCEP CORP C/P CPDS N/A 01/05/99 60,000 59,844 59,836 ---------- ---------- ---------- TOTAL COMMERCIAL PAPER $ 125,000 $ 124,682 $ 124,666 COLL SHORT TERM INVST FD N/A N/A $ 37,013 $ 37,013 $ 37,013 CS FIRST BOSTON MSTR NOTE INC N/A N/A 24 24 24 GOLDMAN SACHS & CO MSTR NOTE N/A N/A 24,000 24,000 24,000 ---------- ---------- ---------- TOTAL SHORT TERM INVESTMENTS $ 186,037 $ 185,719 $ 185,703 -31-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) MATURITY PAR AMORTIZED CURRENT DESCRIPTION COUPON DATE VALUE COST VALUE - --------------------------------------------------------------------------- PARTICIPANT LOANS (ANNUAL INTEREST RATES FROM 9.0 TO 6.5, MAXIMUM PERIOD OF REPAYMENT IS 60 MONTHS) N/A $ 152,716 $ 152,716 $ 152,716 ---------- ---------- ---------- TOTAL COMMON ASSET INVESTMENTS $2,612,587 $2,627,265 $2,635,766 ========== ========== ========== -32-
EXHIBIT 2 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27a-SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES 12/31/98 (thousands of dollars) SHARES/ CURRENT UNITS COST VALUE FUND/ISSUE (000'S) ($000's) ($000'S) - ------------------------------------------------------------------------- EXXON CORPORATION PREFERRED STOCK FUND - --------------------------- EXXON CORPORATION CLASS A PREFERRED STOCK (thousands of shares) 1,719 $105,700 $251,359 SHORT TERM INVESTMENTS BEAR STEARNS MASTER NOTE $ 1,964 $ 1,964 $ 1,964 COLL SHORT TERM INVST FD 963 963 963 GEN ELEC CAP CORP DISC C/P CPDS 01/19/99 17,000 16,918 16,918 MORGAN STANLEY GRP INC MSTR NOTE 1,000 1,000 1,000 -------- ------- -------- TOTAL SHORT TERM INVESTMENTS $20,927 20,845 20,845 -------- ------- -------- TOTAL PREFERRED STOCK FUND $126,545 $272,204 EXXON CORPORATION COMMON STOCK FUND - --------------------------- EXXON CORPORATION COMMON STOCK (thousands of shares) 81,205 $2,475,960 $5,938,151 EQUITY PORTFOLIO FUND - --------------------- BARCLAYS GLOBAL INVESTORS EQUITY FUND (thousands of units) 3,417 $ 422,547 $ 994,460 EXTENDED MARKET PORTFOLIO FUND - --------------------- BARCLAYS GLOBAL INVESTORS EXTENDED EQUITY INDEX FUND (thousands of units) 16,483 $ 240,892 $ 343,988 -33-
EXHIBIT 3 THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES ITEM 27d-SCHEDULE OF REPORTABLE TRANSACTIONS DECEMBER 31, 1998 (thousands of dollars) Identity of Party Involved: Exxon Corporation Description of Asset: Exxon Corporation Common Stock Total Total Total Total Number Number Dollar Dollar Of of Value of Value of Net Purchases Sales Purchases Sales Gain - --------- --------- --------- -------- ------- 922,195 1,337,437 $57,005 $99,144 $14,683 Schedule prepared following the alternative format prescribed at 29 CFR 2520.103-6(d)(2) for a series of transactions involving securities of the same issue as described at 29 CFR 2520.103-6(c)(1)(iii). -34-
Report of Independent Accountants To the Trustee of the Thrift Plan In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Thrift Plan of Exxon Corporation and Participating Affiliates (the "Plan") at December 31, 1999, December 31, 1998, and November 30, 1998, and the changes in net assets available for benefits for the year ended December 31, 1999 and the one month period ended December 31, 1998, in conformity with accounting principles generally accepted in the United States. 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 of these statements in accordance with auditing standards generally accepted in the United States, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit 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, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes and reportable transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are 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. These supplemental schedules are the responsibility of the Plan's management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. PricewaterhouseCoopers LLP Houston, Texas June 23, 2000 -35-
SIGNATURE ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this Annual Report to be signed by the undersigned hereunto duly authorized. THRIFT PLAN OF EXXON CORPORATION AND PARTICIPATING AFFILIATES (Name of Plan) /s/ J. E. Bayne ___________________________________ J. E. Bayne Pursuant to delegation by Administrator-Finance Dated: June 23, 2000 -36-
EXHIBIT INDEX ------------- EXHIBIT SUBMISSION MEDIA 23. Consent of PricewaterhouseCoopers LLP, Electronic Independent Accountants, Dated June 23, 2000 -37-
EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS ---------------------------------- We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-72955) of Exxon Mobil Corporation of our report dated June 23, 2000 relating to the financial statements of the Thrift Plan of Exxon Corporation and Participating Affiliates, which appears in this Form 11-K. PricewaterhouseCoopers LLP Houston, Texas June 23, 2000 -38-