-----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, PX5GOPqieenQJKQoP3AF4IDHZmN4PlUkflZk4E6MOcwHhaHbngR+4SRyxe2WqLv5 PxsfcktJV1/t0D2Ov7KunQ== 0000950130-94-001735.txt : 19941216 0000950130-94-001735.hdr.sgml : 19941216 ACCESSION NUMBER: 0000950130-94-001735 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19941215 SROS: NONE 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: 94564962 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 No. 424(b)(3) File No. =============== KGF THRIFT PLAN =============== November 1994 ---------------------------------------------------- PLAN NEWS --------- . Fund Performance . Closing PM Stock Price as of September 30, 1994 . 1995 Company Matching Contribution . Estimated 1995 Interest Income Fund Rate of Return . 1995 Plan and Service Improvements . Diversification of Investments . "Managing Your Future" ---------------------------------------------------- Your statement is enclosed showing the activity in your account during the third quarter, and a "snapshot" of your account balances with investments valued as of September 30, 1994. FUND PERFORMANCE - ---------------
Third Quarter Only July 1 Through September 30, 1994 Annualized Fund Performance - ------------------------------------- ------------------------------------------------------------------- Funds % Funds 1990 1991 1992 1993 1994 - --------------------------- ----- -------------------------- ----- ----- ----- ------ ----- Philip Morris Stock Fund 20.3% Philip Morris Stock Fund 32.2% 57.5% -0.9% -24.3% 14.4% Equity Fund 4.9% Equity Fund -1.8% 31.3% 7.8% 10.3% 1.5% Interest Income Fund 1.7% Interest Income Fund 10.1% 9.5% 8.8% 7.9% 5.3% Government Securities Fund 1.1% Government Securities Fund 8.9% 9.3% 5.2% 4.1% 1.9%
The fund performance for 1990 through 1993 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. 1994 rates of return apply only to dollars that were invested in the fund on January 1 and remained in the fund until September 30, 1994. SEPTEMBER 30 STOCK PRICE - ------------------------ The price per share of Philip Morris stock on September 30, 1994 was $61.125. 1995 COMPANY MATCHING CONTRIBUTION - ---------------------------------- In 1995, KGF 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). 1995 INTEREST INCOME FUND RATE OF RETURN - ---------------------------------------- The rate of return in the Interest Income Fund during 1995 is estimated to be 6.5%. - -------------------------------------------------------------------------------- This page constitutes a supplement to a prospectus covering securities that have been registered under the Securities Act of 1933. This supplement revision is dated November 18, 1994. --See Plan & Service Improvements on Reverse Side-- 1995 PLAN AND SERVICE IMPROVEMENTS - ---------------------------------- Beginning in mid-1995 there will be several Plan and service improvements. Here is a brief outline of the things to come: NEW INVESTMENT OPTIONS--The KGF Thrift Plan will offer three NEW investment - ---------------------- funds in addition to those already available in the Plan. The new funds will include an: BALANCED FUND, which invests in a combination of stocks, bonds, and cash in a professionally managed, diversified manner. INTERNATIONAL EQUITY FUND, which invests in stocks of companies based outside of the U.S. GROWTH EQUITY FUND, which invests in common stocks who are believed to have better-than-average long-term growth potential. DAILY ACCESS--You will have access to your updated account balances, and other - ------------ account information such as your outstanding loan balances at the END OF EACH BUSINESS DAY. In addition, you will be able to make contribution rate changes and transfer your account balances DAILY among the Plan's investment funds. FASTER TURNAROUND ON LOAN AND WITHDRAWAL DISTRIBUTIONS--Loan and withdrawal - ------------------------------------------------------ checks will be sent to you the week following your request. THESE PLAN AND SERVICE IMPROVEMENTS WILL OFFER YOU A WIDER RANGE OF INVESTMENT OPPORTUNITIES, AND GREATER FLEXIBILITY IN MAKING INVESTMENT CHANGES AND OTHER THRIFT PLAN TRANSACTIONS. HOWEVER, THESE IMPROVEMENTS CAN ONLY BE HELPFUL IF YOU UNDERSTAND THEM AND KNOW HOW TO USE THEM. THROUGHOUT EARLY 1995, YOU WILL RECEIVE MORE DETAILED INFORMATION ABOUT THESE IMPROVEMENTS--HOW THEY AFFECT YOU AND HOW YOU CAN BEST TAKE ADVANTAGE OF THEM. WE ENCOURAGE YOU TO TAKE THE TIME TO READ THESE MATERIALS CAREFULLY. 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 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-term 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 KGF and the other Philip Morris affiliated companies, that is, your pension benefits and all forms of your compensation that are provided by KGF. While we want to share with you the opportunity to invest in Common Stock, and KGF is interested in having its employees as shareholders, you should feel under no obligation to invest in Common Stock. "MANAGING YOUR FUTURE" - FROM THE EDITORS OF "MONEY" MAGAZINE - ------------------------------------------------------------- "Managing Your Future," a regular addition to your quarterly Thrift Plan statement information, covers a variety of topics related to savings plan investing, and provides a question and answer section that deals with typical questions 401(k) participants have about managing their investments. You may find "Managing Your Future" useful in answering your own questions about 401(k) investing. -----END PRIVACY-ENHANCED MESSAGE-----