-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, Qasa/DVw09iZu3HzCcRrJoB1NkMEXEq6mK1PwhE5yeiezmFOw3NOiJpmsxHTzcwQ JJC8vxMqSjGCbt+7MHw2sA== 0000950130-95-000935.txt : 19950512 0000950130-95-000935.hdr.sgml : 19950512 ACCESSION NUMBER: 0000950130-95-000935 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950511 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHILIP MORRIS COMPANIES INC CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] IRS NUMBER: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-39162 FILM NUMBER: 95537023 BUSINESS ADDRESS: STREET 1: 120 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-880-3870 MAIL ADDRESS: STREET 1: 120 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10017 424B3 1 PROSPECTUS SUPPLEMENT Rule 424(b)(3) File Nos. 33-4180 33-37115 33-17870 33-38781 33-39162 ============================ Kraft Choice Thrift Plan ============================ May 1995 Plan News - --------- . Fund Performance . March 31 PM Stock Price . 1995 Company Matching Contribution . Estimated 1995 Interest Income Fund Rate of Return . Thrift Plan Improvements . Diversification of Investments Your statement is enclosed showing the activity in your account during the first quarter, and a "snapshot" of your account balances with investments valued as of March 31, 1995. Fund Performance - ----------------
1st Quarter Only January 1 through March 31, 1995 Annualized Fund Performance - -------------------------------- -------------------------------------------------------------------- Funds % Fund 1991 1992 1993 1994 1995 - -------------------------- ----- -------------------------- ---- ---- ---- ---- ---- Philip Morris Stock Fund 15.2% Philip Morris Stock Fund 57.5% -0,9% -24.3% 9.1% 15.2% Equity Index Fund 9.7% Equity Index Fund 31.3% 7.8% 10.3% 1.8% 9.7% Interest Income Fund 1.8% Interest Income Fund 9.5% 8.8% 7.9% 8.9% 1.6% Government Securities Fund 1.8% Government Securities Fund 9.3% 5.2% 4.1% 3.3% 1.8%
The fund performance for 1991 through 1994 applies to dollars that were in the fund on January 1 and remained in the fund until December 31. Dollars that were invested, withdrawn, or transferred between funds during the year may have earned a higher or lower rate of return due to market fluctuations. 1995 rates of return apply only to dollars that were invested in the fund on January 1 and remained in the fund through March 31, 1995. March 31 PM Stock Price - ----------------------- The price per share of Philip Morris stock on March 31, 1995 was $65.375. - -------------------------------------------------------------------------------- This page constitutes a supplement to a prospectus covering securities that have been registered under the Securities Act of 1933. This supplement is dated May 10, 1995. 1995 Company Matching Contribution - ---------------------------------- In 1995, Kraft will contribute 57 cents for each dollar of your basic contributions to the Plan. (The first 6% of your pay you contribute to the Plan represents your basic contributions.) Estimated 1995 Interest Income Fund Rate of Return - -------------------------------------------------- The rate of return in the Interest Income Fund during 1995 is estimated to be 6.5%. Thrift Plan Improvements - ------------------------ In the next few days, you will be able to take advantage of the Thrift Plan improvements we've told you about over the past few months. Beginning May 15, you will have: . access to three new investments funds, bringing the total to seven investment funds in the Plan; . daily access to updated account information; . the ability to transfers funds daily; and . faster turnaround on loans, in-service and hardship withdrawals (if applicable). Included with the April Kraft Choice newsletter were Kraft Choice Benefits and Kraft Choice Thrift Plan roadmaps, which give you a visual layout of the choices you will have when you call the new 1-800-KRAFT-HR telephone number. You should review these roadmaps and keep them handy. Remember, you must set a new PIN (personal identification number) to use 1-800-KRAFT-HR. Refer to the April newsletter for instructions on how to set your PIN. Starting May 15, Benefits Express will no longer be available. You must call 1-800-KRAFT-HR for access to your Thrift account information and to make changes to your investment or contribution elections. Diversification of Investments - ------------------------------ If you are not already doing so, you should consider diversifying the current balance in your account and your future contributions by investing in a combination of Funds offered by the Plan. Diversification is the practice of spreading savings among different types of investments to help reduce the risk of loss to your total savings program. Diversification permits you to take advantage of the different investment objectives of each Fund in the Plan. A diversification program balances a mix of investments in accordance with your long-terms goals and personal tolerance for investment risk. It is generally unwise to concentrate your accounts in an investment fund which holds a single security. When making a decision relative to the Philip Morris Stock Fund, you should consider your entire financial relationship with Kraft and the other Philip Morris affiliated companies, that is, your pension benefits and all forms of your compensation that are provided by Kraft. While we want to share with you the opportunity to invest in common stock, and Kraft is interested in having its employees as shareholders, you should feel under no obligation to invest in common stock. -----END PRIVACY-ENHANCED MESSAGE-----