Foreign Direct Investment in the United States. Transactions...transactions, but includes a broader range of investment transactions than the BEA data-particularly with regard to plant

FOREIGN DIRECT INVESTMENT IN THE

UNITED STATES

1990 Transactions

OF.c% ,

U.S. DEPARTMENT OF COMMERCE International Trade Administration

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FOREIGN DIRECT INVESTMENT IN THE UNITED STATES

1990 Transactions

U.S. DEPARTMENT OF COMMERCE International Trade Administration

Office of Trade & Investment Analysis

APRIL 1992



FOREWORD

This report covering 1990 is one of an annual series of publications on foreign direct investment transactions in the United States. The reports have been prepared by the Office of Trade and Investment Analysis and its predecessor units, the Office of International Investment and the Office of Foreign Investment in the United States.

Listings of individual foreign direct investment transactions in the United States are especially useful to government and private sector analysts needing information on the investment activities of prominent foreign firms and individuals in the United States. This publication incorporates information from a wide variety of public sources; efforts were made to verify the timing and terms of all completed transactions.

The transactions listings are arranged by the primary Standard Industrial Classification (SIC) of the U.S. company owned/controlled by foreign investors (Appendix A), by source country of foreign investors (Appendix B), and by state location of the foreign investment (Appendix C).


-iv-


TABLE OF CONTENTS

Page

Introduction.................................................................................... vii

Overview of Foreign Direct Investment in the United States, 1990......................................................... 1

Investment by Source Country................................................... 3

The Megadeals.............................................................................. 11

Investment by Industry (SIC)...................................................... 17

Mode of Investment Transactions.............................................. 33

Location of Investment by State................................................. 37

Major Sectoral Developments..................................................... 41

APPENDIX A: Listing of Transactions byStandard Industrial Classification (SIC)........ 65

APPENDIX B: Listing of Transactions BySource Country............................................... 89

APPENDIX C: Listing of Transactions ByState Location................................................. 113

APPENDIX D: Description of Key Terms, Source Country Abbreviations, SIC Reference Table,Table Abbreviations...................................... 137

LIST OF SUMMARY TABLES

Table I Source Country - Completed Cases - 1990 ............. 5

Table II Number of Identified Completed Transactions,by Source Country, 1985-1990 ................................ 9

Table HI The Megadeals............................................................ 13

- v -Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

I.TST OF SUMMARY TABLES (Cont’d.)

Page

Table IV Direct Investment Distribution by Industry Subsector of U.S. Affiliate - Completed Transactions, 1990.................................................. 19

Table V Direct Investment Distribution by Industry Group of U.S. Affiliate and Country of Foreign Parent - Completed Transactions, 1990................................ 23

Table VI Mode of Investment by Source Country -Completed Transactions, 1990 ................................ 35

Table VII State Location of Foreign Investments, 1990.......... 39

LIST OF FIGURES

Figure 1 Total Number of Foreign Direct Investments,1980-1990 ................................................................. 1

Figure 2 Number of Investments by Source Country, 1990 .... 3

Figure 3 Number of Investments by Industry, 1990 ............... 17

Figure 4 Number of Investments by State, 1990 .................... 37

- v i -


INTRODUCTION

The purpose of this report is to identify specific foreign direct investment (FDI) transactions in the United States during 1990, to analyze recent trends in such investment, and to provide data and related information on significant transactions. The report incorporates information obtained in fulfilling responsibilities assigned to the Secretary of Commerce by Executive Order No. 11858, dated May 7, 1975. Specifically, the Secretary of Commerce is responsible for "the obtainment, consolidation, and analysis of information on foreign direct investment in the United States."

Foreign direct investment, as used in this report, means the direct or indirect ownership of 10 percent or more of the voting securities of an incorporated business enterprise, or an equivalent interest in an unincorporated business enterprise, or a 10 percent or more interest in real property transactions.

Transaction values, as used in this report, refer to the reported total cost of the investment regardless of the source or timing of funds. In the case of a joint venture, the estimated foreign ownership proportion of the investment is cited. These values are intended to identify the relative size of various investments and, in the aggregate, to indicate trends in investment activity.

The data and other information contained in this report represent a compilation and distillation of material from generally available public sources, transaction participants, and miscellaneous contacts. A major portion of the data and information was derived from secondary public sources such as newspapers, magazines, and business and trade journals, as well as from the public files of Federal regulatory agencies. In all instances, the monetary values of investments in this report include only those identified in these sources and should not be considered a compilation of the entire universe of FDI transactions.

The primary Federal agency sources for publicly available data are the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC), and the Federal Reserve Board (FRB). Much of the data obtained from Federal regulatory agencies originated from report series that differ widely in frequency and content. These reports are, in most cases, filed in response to the various agencies’ general regulatory responsibilities, rather than for the specific purpose of providing data on foreign investment. Certain other investment transactions and related data collected by the Federal


Government on a business confidential basis to facilitate Federal regulatory responsibilities or to provide aggregate data for macroeconomic analysis purposes are not available for this report.

It should be noted that the aggregate data in this report are not strictly comparable to the other major statistical series on foreign direct investment in the United States, published by the Commerce Department’s Bureau of Economic Analysis (BEA). The BEA aggregate dollar value data on new investments, published annually since 1979, are based on individual firm responses to mandatory reporting requirements (including strict confidentiality provisions protecting the identity of individual reporting firms). The BEA data are thus likely to provide more comprehensive coverage for the types of transactions included in BEA’s reporting requirements.

The information contained in this report not only identifies individual transactions, but includes a broader range of investment transactions than the BEA data-particularly with regard to plant expansions, equity increases, and certain types of real estate investments. Although the two data series are not directly comparable, there has been significant correlation in the movement of the overall series in most years.

While every effort was made to verify the information obtained from public sources, the U.S. Department of Commerce is not responsible for any inaccuracies or gaps in information presented in this report. Transaction values for many investments are not publicly available. Nevertheless, experience has shown that value and other data for the large majority of major investments are identified in the monitoring process.

-viii-


OVERVIEW OF FOREIGN INVESTMENT IN THE UNITED STATES-1990

The Office of Trade and Investment Analysis (OTLA) identified from public sources 1,018 foreign direct investment transactions that occurred during 1990. Values were reported for 476 of these individual transactions, amounting to a total of $57.6 billion. Appendices A, B, and C contain listings of all the identified transactions by U.S. industry, source country, and state location.

The total number of transactions decreased by 8 percent from the 1,103 reported for 1989 (Figure 1). In value terms, the 1990 total reflected a decrease of 23 percent from the total value of $74.7 billion that was identified in 1989.

Figure 1

TOTAL NUMBER OF FOREIGN DIRECT INVESTMENTS

Number of Investments1,400 |-------------------------------------------


-2-

As in previous years, a few large transactions continued to account for a substantial part of the total value. In 1990, the 10 largest transactions, each over Si billion, had a combined value of $23.4 billion, 41 percent of the total value. Twenty-three transactions of $500 million or more had a combined total of $32.1 billion, 56 percent of the total reported value.

Major industrialized countries were the source of most direct investment activity in the United States in 1990 as seven nations - Japan, the United Kingdom, France, West Germany, Canada, Italy, and Switzerland - accounted for 80 percent of the total number of transactions, representing 89 percent of the total identified value. There were investments from 42 source countries in 1990, with one unidentified, as compared with 46 source countries in 1989.

Japan was the source country for the largest number of transactions, as it has been for the past six years. A total of 460 transactions originated in Japan, with 231 identified values totaling $20 billion. The United Kingdom was second with 117 transactions and 64 identified values totaling $11 billion. France was third in the number of transactions with 69, of which 24 had identified values of $9 billion.


-3-

INVESTMENT BY SOURCE COUNTRY

The major industrialized countries have traditionally been the source of most direct investment activity in the United States. This trend continued in 1990 as seven nations-Japan, the United Kingdom, France, West Germany, Canada, Italy, and Switzerland-accounted for 811 transactions or 80 percent of the total transactions, down from 81 percent in 1989. The identified aggregate value of the transactions by the seven countries-$51.4 billion-represented 89 percent of the total identified value, as compared with 88 percent in 1989. This identified aggregate value declined by 22 percent from $65.5 billion in 1989, however.

As in the last six years, Japan was the source country for the largest number of transactions. More than 45 percent, or 460 transactions, originated from Japan in 1990, with 231 identified values totaling $20 billion. The United Kingdom was second with 117 transactions and 64 identified values totaling $11 billion. France was third in number of transactions with 69, of which 24 had identified values of $9 billion. (Figure 2 shows the number of investments by the top seven source countries for direct investment in terms of known value.)

Table I shows the number of completed transactions with identified values by country for 1990, while Table II shows the continuing dominance of the principal source countries (also the United States’ largest trading partners) as

Figure 2

NUMBER OF INVESTMENTS BY SOURCE COUNTRY1990

Japan 460

United Kingdom 117

Germany

Canada 46J N Italy 29 Switzerland 27

All Others 207

Total 1018 »100%Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

- 4 -

sources of foreign direct investment in the United States. The designation as principal source countiy for this group of seven countries, Canada, France, Germany, Japan, the Netherlands, Switzerland, and the United Kingdom, is indicative of these country’s cumulative direct investment position in the United States.


TABLE I

SOURCE COUNTRIES - COMPLETED CASES - 1990

GROUP=PRINCIPAL SOURCE COUNTRIES

NUMBER NUMBER CASES/ VALUECOUNTRY OF CASES VALUE KNOWN C$ MILLION)

CANADA 46 20 1057.2FRANCE 69 24 8967.4GERMANY, FEDERAL REP 63 24 4698.0JAPAN 460 231 19585.9NETHERLANDS 19 9 773.4SWITZERLAND 27 16 3935.6UNITED KINGDOM 117 64 10570.4

GROUP 801

ADnHDaATUCD

388 49587.9

W(Wr*UI HtK

NUMBER NUMBER CASES/ VALUECOUNTRY OF CASES VALUE KNOWN <* MILLION)

ANDORRA 1 0AUSTRIA 3 1 3.2BELGIUM 10 3 290.0DENMARK 6 4 211.6FINLAND 9 1 200.0GREECE 4 2 17.7IRELAND 10 2 225.8ITALY 29 11 2557.1NORWAY 8 5 203.6PORTUGAL 1 0SPAIN 4 1 110.0SWEDEN 22 11 929.9

GROUP 107

ran io-adcp n

41 4749.9

uKWr^Jrcl (A

NUMBER NUMBER CASES/ VALUECOUNTRY OF CASES VALUE KNOWN MILLION)

SAUDI ARABIA 1 1 50.0VENEZUELA 2 1 661.5

GROUP 3 2 711.5

IuiI


TABLE I

SOURCE COUNTRIES • COMPLETED CASES • 1990

GROUP*OTHER MU

NUMBER NUMBER CASES/ VALUECOUNTRY OF CASES VALUE KNOWN ($ MILLION)

ISRAEL 2 1 24.0LEBANON 1 1 7.8

GROUP 3 2 31.8

AND PACIFIC ---


AUSTRALIA 24 6 205.1CHINA 2 1 0.5CHINA(TAIUAN) 16 11 754.6HONG KONG 13 7 236.5KOREA, REPUBLIC OF 18 5 96.2MALAYSIA 2 1 16.5NEW ZEALAND 6 2 11.2SINGAPORE 6 3 297.0THAILAND 1 0 •

GROUP 88 38

kU UCUtCQUCtkC__

1618.1

1 ~ muur-uincR wcaicrIN Hen1SPHERE--


ARGENTINA 2 0 .

BARBADOS 1 0 .

BRAZIL 1 0 .

CHILE 1 0MEXICO 2 1 100.0NETHERLANDS ANTILLES 1 1 12.0PANAMA 1 0 .

GROUP 9 2 112.0


TABLE I

SOURCE COUNTRIES • COMPLETED CASES - 1990

GROUP*ALL OTHER COUNTRIES


SOUTH AFRICA 2 1 705.0SOVIET UNION 3 0TURKEY 1 1 Z9-®UNSPECIFIED 1 1 38-8

GROUP 7 3 772.8ssssssss mm*mm sssxmss mmimsh*

1018 446 57,584

II



TABLE II

NUMBER OF IDENTIFIED COMPLETED TRANSACTIONS BY PRINCIPAL SOURCE COUNTRY 1985-1990

Source Country

TOTAL Canada France Germany, FR JapanNetherlandsSwitzerlandU.K.All Others

1985# X

912 100.0101 11.161 6.769 7.6216 23.744 4.836 3.9176 19.3209 22.9

1986# X

1051 100.0114 10.845 4.360 5.7

351 33.442 4.039 3.7176 16.7222 21.4

1987# X

1328 100.0122 9.269 5.277 5.8

490 36.939 2.937 2.8248 18.7247 18.5

1988# X

1084 100.086 7.966 6.073 6.7

419 38.631 2.818 1.6

213 19.6178 16.4



-11-

THE MEG APE AT ,S

After an increase in the number of megadeals each year since 1987, when they first began to be identified separately in this report, the Office of Trade and Investment Analysis identified a decline in the number of megadeals for 1990. Megadeals are foreign direct investment transactions with a value of $100 million or more. In 1990, there were 105 megadeal transactions with a total value of $48.4 billion (Table III), which accounted for 84 percent of the total value of all foreign direct investment in 1990.

There were 10 transactions in 1990 that had individual values of more than $1 billion, compared with eight such transactions in 1989. The 14 largest megadeals were all acquisitions/mergers, as were the top 10 in 1989. In the largest transaction of 1990, Matsushita Electric Industrial Company of Japan acquired MCA Inc. for $7.5 billion.

The remaining top 10 transactions were all acquisitions/mergers: the acquisition of Fireman’s Fund Insurance Company by Allianz AG of Germany for $3.3 billion, the acquisition of 60 percent of Genentech Inc. by Hoffmann LaRoche of Switzerland for $2.1 billion, the acquisition of Norton Company by Compagnie de Saint Gobain of France for $1.9 billion, the merger of the pharmaceutical operations of Rhone-Poulenc of France with Rorer Inc. into a new company (with Rhone-Poulenc owning 68 percent) for $1.7 billion, the acquisition of 20 percent of McCaw Cellular Communications Inc. by British Telecommunications PLC for $1.5 billion, the acquisition by France’s Michelin of Uniroyal/Goodrich Tire Company for $1.5 billion, the acquisition of MGM/UA Communications Company by Italian businessman Giancarlo Parretti for $1.4 billion, the acquisition of the Motel 6 chain by Accor SA of France for $1.3 billion, and the acquisition of American Home’s Boyle- Midway division by Reckitt and Coleman PLC of England for $1.3 billion.

In 1990, the three major source countries for foreign direct investment were Japan, the United Kingdom, and France, accounting for 68 megadeal transactions, 65 percent of the total. Japanese investors concluded 36 megadeals; British investors had 21, while French investors had 11. In addition, German investors had seven megadeals, Swiss investors had five, and Italian and Swedish investors had four each.


-12-

Again, as in the past three years, the industry with the most megadeals was the real property sector, including hotels, which had 14 megadeal transactions. Eight of these transactions were in the hotels and other lodgings sector, while six involved real estate holdings. Gose behind once again was the chemicals and allied products industry with 13 megadeals. The industrial machinery and equipment industry was third with seven transactions. Printing and publishing followed with six transactions, and the primary metals industry had five.

Acquisitions/mergers again accounted for the predominant number of megadeals, 73 transactions, accounting for 70 percent of the megadeal transactions. There were 11 equity increases, 10 joint ventures, five new plants, two real estate transactions, and four transactions in the other category.

In 1990, the megadeal transactions were divided among more states than in recent years, with no one state quite as dominant. California again had the most transactions, with 21, followed by New York with 13 and New Jersey with 10. Pennsylvania and Texas recorded six transactions each, and Georgia, Hawaii, Massachusetts, and Ohio each had four.


VALUE US FIRM NAME LOCATION TS() MILLION)

THE MEGADEALS - 1990

7,500.0 MCA INC UNIVERSAL CITY CA3.300.0 FIREMAN'S FUND INSURANCE CO NOVATO CA2,110.0 GENENTECH INC SAN FRANCISCO CA1,900.0 NORTON CO WORCESTER MA1,700.0 RORER GROUP INC FT WASHINGTON PA1,500.0 MCCAW CELLULAR COMMUNICATIONS INC KIRKLAND WA1,500.0 UNIROYAL GOODRICH TIRE CO AKRON OH1,360.0 MGM/UA COMMUNICATIONS CO BEVERLY HILLS CA1,300.0 MOTEL 6 DALLAS TX1,250.0 AMERICAN HOME'S BOYLE-MIDWAY D1V NEW YORK NY880.0 ARISTECH CHEMICAL CORP PITTSBURGH PA800.0 PEBBLE BEACH CO PEBBLE BEACH CA778.0 CORROON & BLACK CORP NEW YORK NY705.0 FREEPORT-MCMORAN GOLD CO ELKO NV703.6 PEABODY HOLDING CO ST LOUIS MO661.5 CITGO PETROLEUM CORP DALLAS TX656.4 FOXBORO CO FOXBORO MA630.0 GENERAL CASUALTY CO SUN PRAIRIE WI620.0 AVX CORP NEW YORK NY594.8 HIMONT INC WILMINGTON DE570.0 J&L SPECIALTY PRODUCTS CORP PITTSBURGH PA556.6 GAS HANDLING FACILITIES PRUDHOE BAY AK550.0 PHILIPS INDUSTRIES INC DAYTON OH480.0 GAF CORP'S SPECIALTY CHEMICAL DIV WAYNE NJ420.0 EXCHANGE BANCORP CHICAGO IL410.0 CLUETT PEABODY'S DIV WEST POINT GA410.0 KAY JEWELERS INC ALEXANDRIA VA400.0 POWER PLANT ASHLAND VA395.2 LIN BROADCASTING CORP NEW YORK NY375.0 JP INDUSTRIES INC ANN ARBOR MI370.0 RJR NABISCO*S CANDY BUSINESS ATLANTA GA365.0 ROY ROGERS RESTAURANTS HILLSIDE NJ345.0 BUCK & DECKER'S BOSTIK DIV MIDDLETON MA338.0 1340 ACRES FOR COMMERCIAL DEVELOPMENT VALLEJO CA335.0 WYNDHAM FOOD INC SAN FRANCISCO CA325.0 DUNKIN DONUTS INC RANDOLPH MA303.7 MARTINDALE-HUBBELL INC NEW PROVIDENCE NJ300.0 AMERICAN BANK STATIONERY CO BALTIMORE MD300.0 CS FIRST BOSTON INC NEW YORK NY285.0 BUSINESS MEN'S ASSURANCE CO OF AMERICA KANSAS CITY MO270.0 NEW JOURNAL ET AL MANSFIELD OH270.0 WYSE TECHNOLOGY INC SAN JOSE CA261.5 WESTIN MAUI MAUI HI253.0 COBE LABORATORIES INC LAKEWOOD CO CO250.0 UJB FINANCIAL CORP PRINCETON NJ229.2 CALIFORNIA PORTLAND CEMENT CO LOS ANGELES CA223.4 VERMONT AMERICAN CORP LOUISVILLE KY220.0 PRINCE HOLDINGS INC PRINCETON NJ215.0 ESSELTE BUSINESS SYSTEMS INC GARDEN CITY NY

BY DESCENDING VALUE

SIC FOREIGN INVESTOR NA TY

7812 MATSUSHITA ELECTRIC INDUSTRIAL CO JA AM6331 ALLIANZ AG GE AM2834 HOFFMANN LA-ROCHE FAMILY SZ AM3291 FRANCE, GOVERNMENT OF FR AM2834 FRANCE, GOVERNMENT OF FR AM4812 UNITED KINGDOM. GOVERNMENT OF UK AM3011 MICHELIN FAMILY FR AM7812 PARRETTI, GIANCARLO ET AL IT AM7011 ACCOR SA FR AM2842 RECKITT & COLEMAN PLC UK AM2821 MITSUBISHI CORP ET AL JA AM7011 MINORU ISUTANI JA AM6411 WILLIS FABER UK AM1041 OPPENHEIMER, HARRY F SO AM1212 HANSON PLC UK El2911 VENEZUELA. GOVERNMENT OF VE El3823 SIEBE PLC UK AM6331 WINTERTHUR SWISS INSURANCE CO SZ AM3675 KYOCERA CORP JA AM2821 FERRUZZI GROUP IT El3312 FRANCE, GOVERNMENT OF FR AM1321 BRITISH PETROLEUM CO PLC UK JV3442 HUTCHINGS, GREGORY UK AM2819 FRANCE, GOVERNMENT OF FR AM6022 ALGEMENE BANK NEDERLAND NV NL AM2321 BIDERMANN SA FR AM5149 RATNER GROUP PLC UK AM4911 MITSUBISHI CORP JA NP4833 UNITED KINGDOM, GOVERNMENT OF UK El3714 T & N PLC UK AM2064 NESTLE SA SZ AM5812 BAT INDUSTRIES PLC UK AM2891 FRANCE, GOVERNMENT OF FR AM**** MISAWA HOMES CO JA RE2032 PRESIDENT ENTERPRISES CORP TW AM5812 ALLIED-LYONS PLC UK AM2741 REED INTERNATIONAL PLC UK AM2759 MB GROUP PLC UK AM6211 CREDIT SUISSE SA SZ El6311 GENERALI-ASSICURAZIONI GENERALI SPA IT AM2711 THOMSON, KENNETH R CA AM3575 KOO FAMILY TW AM7011 ABE, KENTARO JA AM3841 AB VOLVO SW AM6712 BANK OF MONTREAL CA AM3241 ONODA CEMENT CO LTD JA AM3425 ROBERT BOSCH INDUSTRIETREUHAND KG GE AM3949 BENETTON FAMILY IT AM2761 ESSELTE AB SW El


THE MEGADEALS - 1990

VALUE US FIRM NAME MILLION)

LOCATION TS

215.0 FOAMEX PROTS INC E.PROVIDENCE RI208.0 SUBARU OF AMERICA INC CHERRY HILL NJ200.0 AMERICAN BRASS CO BUFFALO NY200.0 AVENTINE CENTER SAN DIEGO CA200.0 CITIBANK-ALBANY NY BRANCHES ALBANY NY200.0 EASTMAN KODAK'S VERBATIM CORP CHARLOTTE NC200.0 KAWASAKI MOTOR MFG (USA) CORP MARYVILLE MO200.0 MEDIA INTERNATIONAL CORP HOLLYWOOD CA193.0 ATLAS POWDER CO DALLAS TX191.0 UNITED TECHNOLOGIES GLOBAL AUTO SEALING HARTFORD CT190.0 BIRTCHER REAL ESTATE INC LAGUNA NIGUEL CA183.0 DELTA AIRLINES INC ATLANTA GA180.0 WILTRON CO MORGAN HILL NC175.0 JAMES RIVER'S NONWOVER PRDTS DIV GREENVILLE SC175.0 YATES INDUSTRIES BORDENTOWN NJ170.0 DUAL DRILLING CO DALLAS TX166.3 OFFICE BUILDINGS IN PEACHTREE CENTER ATLANTA GA160.0 DATAPRODUCTS CORP WOODLAND HILLS CA154.0 MAJESTIC SHIPPING CORP NEW YORK NY152.2 HOTEL INVESTORS CORP-HOTEL INVEST’ TRUST SAN DIEGO CA150.0 FOX INC S DELUXE FILM LAB HOLLYWOOD CA150.0 HAWAII PRINCE HOTEL HONOLULU HI147.0 NATIONAL STEEL CORP PITTSBURGH PA140.0 MICHIGAN.AUTOMOTIVE COMPRESSOR INC SANDSTONE MI140.0 SAPPORO VINEYARDS USA INC SEATTLE WA135.0 DESOTO INC'S INDUSTRIAL COATING DIV BERKELEY CA135.0 MCGILL MANUFACTURING CO VALPARAISO IN131.0 BARDEN CORP DANBURY CT130.8 SAN FRANCISCO CENTRE SAN FRANCISCO CA130.2 AMERICAN CYNAMID'S HOUSEHOLD PRDTS WAYNE NJ125.0 BLACK & DECKER'S FOOTWEAR MATLS BUS TOWSON MD125.0 CHICAGO RESEARCH AND TRADING GROUP LTD CHICAGO IL125.0 ENSR CORP HOUSTON TX125.0 WELLS FARGO & CO SAN FRANCISCO CA120.0 MATSUSHITA REFRIGERATION CO MOORESVILLE NC115.8 J B LIPPINCOTT CO PHILADELPHIA PA112.0 HARDWICKE CHEMICAL CO ELGIN SC111.0 NORTH AMERICAN STAINLESS CARROLLTON KY110.0 ECOLAB INC ST PAUL MN110.0 HOTEL SITES (4) AT KO OLINA RESORT OAHU HI110.0 TOYOTA TECHNICAL CENTER USA INC PHOENIX AZ106.0 CONTINENTAL AIRLINE HOLDINGS INC HOUSTON TX105.0 RESTAURANT ASSOCIATES INDUSTRIES INC NEW YORK NY103.0 MACK TRUCKS INC ALLENTOWN PA103.0 PORTMAN HOTEL SAN FRANCISCO CA100.7 QUEEN KAPIQLANI AND QUALITY INN HOTELS HONOLULU HI100.0 AIR & WATER TECHNOLOGICES CORP BRANCHBURG NJ100.0 AZTEC COATING CO LEI PSIC OH100.0 HUNTLEY'S JIFFY STORES INC JACKSONVILLE FL

- BY DESCENDING VALUE

SIC FOREIGN INVESTOR NA TY

3086 GENERALE OE BELGIQUE SA STE BE AM5012 FUJI HEAVY INDUSTRIES LTD JA El3351 FINLAND, GOVERNMENT OF FI AM

JAPANESE INVESTORS JA OT6022 HONGKGNGBANK GROUP HK AM3573 MITSUBISHI CORP JA AM3621 KAWASAKI HEAVY IND LTD JA NP7812 JAPANESE CONSORTIUM JA OT2892 IMPERIAL CHEMICAL INDUSTRIES PLC UK AM2891 BTR PLC UK AM6552 MITSUI & CO JA AM4512 TEMASEK HOLDINGS (PTE) LTD SN El3825 NIPPON ELECTRIC CO ET AL JA AM2297 HOLZSTOFF HOLDING AG SZ AM3497 FURUKAWA ELECTRIC CO LTD ET AL JA AM1381 MOSVALD SHIPPING A/S NO AM**** NIPPON LIFE INSURANCE CO JA JV3577 HITACHI LTD JA AM4412 HELLESPONT SHIPPING CORP UK AM7011 EIE INTERNATIONAL CORP JA AM7819 RANK ORGANIZATION PLC UK AM7011 SEIBU INC JA OT3312 NKK CORP JA El3585 NIPPONDENSO CO LTD ET AL JA NP2082 SAPPORO BREWERIES LTD ET AL JA JV2851 COURTAULDS PLC UK AM3562 SKF AB SW AM3562 FAG KUGELFISCHER GE AM**** POWERr ROBIN El AM2841 HENKEL KGAA GE AM3021 UNITED MACHINERY GROUP LTD UK AM6221 MITSUBISHI TRUST AND BANKING CORPORATION JA JV8748 NUKEM GMBH GE AM6021 NIKKO SECURITIES CO JA JV3585 MATSUSHITA ELEC IND CO LTD JA NP2731 WOLTERS KLUWER NV NL AM2869 MTM PLC UK AM3312 ACERINOX SA SP JV2841 HENKEL KGAA GE AM**** TOWN DEVELOPMENT CO LTD JA RE8734 TOYOTA MOTOR CORP JA NP4512 DENMARK, NORWAY, SWEDEN, GOVERNMENTS OF DA El5812 KYOTARU CO LTD JA AM3711 FRANCE, GOVERNMENT OF FR El7011 TOTYU CORP JA AM7011 SPORTS SHINKO JA AM3823 FRANCE, GOVERNMENT OF FR AM3312 KOBE STEEL LTD JA JV5411 SOCIETE DOCKS DE FRANCE FR AM

14-


TABLE III

THE MEGADEALS 1990 - BY DESCENDING VALUE

VALUE US FIRM NAME {$ MILLION)

100.0 IJ HOLDINGS CORP100.0 NATIONAL. THE100.0 NTT DATA COMMUNICATIONS SYSTEMS CORP.100.0 OFFICE BUILDING - 550 SOUTH HOPE100.0 REGENT BEVERLY VILSHIRE HOTEL100.0 ROYAL ZENITH INC100.0 TENNECO SODA ASH JOINT VENTURE CO

LOCATION TS SIC FOREIGN INVESTOR NA TY

NEW YORK NY 3731 AB VOLVO SW AMNEW YORK NY 2711 AZCARRAGA-MILMO, EMILIO MX JVJERSEY CITY NJ 7373 NIPPON TELEGRAPH & TELEPHONE CORP JA OTNEWPORT BEACH CA it*** OHBAYASHI CORP JA JVBEVERLY HILLS CA 7011 NISSHIN STEAMSHIP CO LTD JA AMGREAT NECK NY 5084 GERMANY, GOVERNMENT OF GE AMGREEN RIVER WY 1474 ASAHI GLASS CO LTD JA JV

uii



-17-

INVESTMENT BY INDUSTRY

The manufacturing sector continued to dominate the number of foreign direct investment transactions and aggregate values, as it has done in past years. In 1990, there were 430 transactions with 214 identified values that totaled $25.5 billion. Within the manufacturing sector, chemicals and allied products had the most investments by a large margin, followed by stone, clay, and glass products, and rubber and miscellaneous plastics products.

The services sector again was the second most attractive area to foreign investors; there were 119 transactions with 72 identified values that totaled $14.0 billion. The real estate industry (including hotels) also attracted a large number of foreign investors. There were 147 transactions with 115 available values that totaled $7.0 billion.

Figure 3 shows the principal industry sectors by numbers of transactions.

Table IV shows the investment activity in each Standard Industrial Classification (SIC) sector.

Table V highlights the trend in completed cases by principal source country in each SIC sector for the year.

Figure 3

NUMBER OF INVESTMENTS BY INDUSTRY1990

Manufacturing 430

Real Property 109

Services V

W holsim w —

OtherIndustries 186

Retail Trade 94

Total 1018 =* 100%



TABLE IV

CLASS=NOT REAL PROPERTY SECTOR=A AGRICULTURE, FORESTRY, AND

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY SUBSECTOR (U.S. AFFILIATE - COMPLETED TRANSACTIONS - 1990

SIC NUMBER NUMBER CASES/NUMBER OF CASES VALUE KNOWN

01 AGRICULTURAL PRODUCTION - CROPS 3 102 AGRICULTURAL PRODUCTION - LIVESTOCK 2 1

SECTOR 5 2

CLASS=NOT REAL PROPERTY SECTOR-B MINING


10 METAL MINING 5 312 BITUMINOUS COAL AND LIGNITE MINING 4 313 OIL AND GAS EXTRACTION 20 914 NONMETALLIC MINERALS, EXCEPT FUELS 3 3

SECTOR 32 18

CLASS=NOT REAL PROPERTY SECTOR=C CONSTRUCTION


15 GENERAL BUILDING*CONTRACTORS 1 117 SPECIAL TRADE CONTRACTORS 1 0

FISHING ....

VALUE ($ MILLION)

2.08.8

10.8

VALUE C* MILLION)

745.0 750.6791.1 208.9

2495.6

VALUE <$ MILLION)

52.00

SECTOR 2 1 52.0

19-


TABLE IV

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY SUBSECTOR OFU.S. AFFILIATE - COMPLETED TRANSACTIONS - 1990

CLASS*NOT REAL PROPERTY SECTOR*0 MANUFACTURING


20 FOCO AND KINDRED PRODUCTS 32 19

22 TEXTILE MILL PRODUCTS 4 223 APPAREL AND OTHER TEXTILE PROOUCTS 6 324 LUMBER AND WOGO PROOUCTS 2 125 FURNITURE AND FIXTURES 3 226 PAPER AND ALLIED PROOUCTS 7 5

27 PRINTING AND PUBLISHING 34 13

28 CHEMICALS AND ALL I E(f PROOUCTS 58 34

29 PETROLEUM AND COAL PROOUCTS 2 2

30 RUBBER AND MISC. PLASTICS PRODUCTS 14 5

31 LEATHER AND LEATHER PRODUCTS 1 0

32 STONE, CLAY, AND GLASS PROOUCTS 21 7

33 PRIMARY METAL INDUSTRIES 25 14

34 FABRICATED METAL PRODUCTS 16 10

35 MACHINERY, EXCEPT ELECTRICAL 66 27

36 ELECTRIC AND ELECTRONIC EQUIPMENT 70 35

37 TRANSPORTATION EQUIPMENT 35 17

38 INSTRUMENTS AND RELATED PRODUCTS 25 14

39 MISCELLANEOUS MANUFACTURNG INDUSTRIES 9 4

SECTOR 430 214

, COMMUNICATIONS

SIC NUMBER NUMBER CASES/

NUMBER OF CASES VALUE KNOWN

40 RAILROAD TRANSPORTATION 2 1

42 TRUCKING AND WAREHOUSING 10 2

44 WATER TRANSPORTATION 35 4

45 TRANSPORTATION BY AIR 10 5

47 TRANSPORTATION SERVICES 16 5

48 COMMUNICATION 9 3

49 ELECTRIC, GAS, AND SANITARY SERVICES 7 2

SECTOR 89

SECT0R=F WHO

22

SIC

NUMBER

50 WHOLESALE TRADE - DURABLE GOODS

51 WHOLESALE TRADE - NONDURABLE GOODS

NUMBER

OF CASES

53

27

NUMBER CASES/

VALUE KNOWN

12

6

SECTOR 80 18

VALUE <$ MILLION)

1143.2235.0422.0

1.5 6.3

236.11433.68911.7711.5

1905.0

2347^01369.21127.11698.11450.7907.2 1323.6

252.2

25,481.0

UTIL. ......

VALUE ($ MILLION)

95.0

93.5208.9

314.937.2

1,915.2405.0

3069.7

VALUE ($ MILLION)

512.0

497.2

1009.2


TABLE IV

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY SUBSECTOR OFU.S. AFFILIATE - COMPLETED TRANSACTIONS - 1990

CLASS«NOT REAL PROPERTY S E C T O R S RETAIL TRADE

SIC NUMBER NUMBER CASES/ VALUENUMBER OF CASES VALUE KNOUN ($ MILLION)

52 BUILDING MATERIALS & GARDEN SUPPLIES 1 053 GENERAL MERCHANDISE STORES 3 1 0.*654 FOOO STORES 5 3 160.055 AUTOMOTIVE DEALERS & SERVICE STATIONS 3 1 4.356 APPAREL AND ACCESSORY STORES 43 5 24.857 FURNITURE AND HOME FURNISHINGS STORES 7 2 34.058 EATING AND DRINKING PLACES 15 6 831.659 MISCELLANEOUS RETAIL 17 3 60.5

SECTOR 94 21 1115.8

FINANCE, INSURANCE, AND REAL ESTATE .......

SIC NUMBER NUMBER CASES/ VALUENUMBER OF CASES VALUE KNOWN ($ MILLION)

60 BANKING 13 7 840.561 CREDIT AGENCIES OTHER THAN BANKS 1 062 SECURITY,COMMODITY BROKERS & SERVICES 16 4 500.063 INSURANCE CARRIERS 10 5 4,330.264 INSURANCE AGENTS, BROKERS & SERVICE 3 2 790.065 REAL ESTATE 6 1 190.067 HOLDING AND OTHER INVESTMENT OFFICES 3 3 352.5

SECTOR 52 22 7003.2

CLASS*NOT REAL PROPERTY SECTOR*I SERVICES

SIC NUMBER NUMBER CASES/ VALUENUMBER OF CASES VALUE KNOWN ($ MILLION)

70 HOTELS AND OTHER LODGING PLACES 39 31 3702.772 PERSONAL SERVICES 1 1 65.573 BUSINESS SERVICES 22 10 241.175 AUTO REPAIR, SERVICES, AND GARAGES 2 1 12.078 MOTION PICTURES 12 7 9361.7

79 AMUSEMENT & RECREATION SERVICES 14 10 161.680 HEALTH SERVICES 2 1 37.3

81 LEGAL SERVICES 1 0 «

82 EDUCATIONAL SERVICES 5 2 9.2

87 SERVICES, MISCELLANEOUS 21 9 407.1

SECTOR 119 72 13998.2

21-


TABLE IV

DIRECT INVESTMENT DISTRIBUTION BV INDUSTRY SUBSECTOR OFU.S. AFFILIATE - COMPLETED TRANSACTIONS - 1990

CLASS-HOT REAL PROPERTY SECT0RL*96

SIC NUMBER NUMBER CASES/ VALUE

NUMBER OF CASES VALUE KNOWN (S MILLION)

96 ADMINISTRATION OF ECONOMIC PROGRAMS 6 1 0.5

CLASS 910 392 54336.0

CLASSsREAL PROPERTY SECTORAL REAL PROPERTY

SIC NUMBER NUMBER CASES/ VALUENUMBER OF CASES VALUE KNOUN (S MILLION)

* REAL PROPERTY 109 85 3348.0SSSSSSSS SSSS8SSSSSS8S sssssssssss

TOTAL 1018 476 57,584.0 Iro

I


TABLE V

NETHER- SWITZER- UNITED ALL

TOTAL CANADA FRANCE GERMANY JAPAN LANDS LAND KINGDOM OTHER

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S. AFFILIATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTIONS -- 1990

AGRICULTURE, FORESTRY, AND FISHING

01 AGRICULTURAL PRODUCTION - CROPS

TOTAL NUMBER OF CASES 3 0

NUMBER CASES -- VALUE KNOWN 1 0

VALUE (S MILLIONS) 2.0 0

02 AGRICULTURAL PRODUCTION • LIVESTOCK


NUMBER CASES -- VALUE KNOWN 1 0

VALUE (S MILLIONS) 8.8 0

TOTAL NUMBER OF CASES 5 0NUMBER CASES -- VALUE KNOWN 2 0

VALUE <$ MILLIONS) 10.8 0

MINING

10 METAL MININGTOTAL NUMBER OF CASES 5 1NUMBER CASES -- VALUE KNOWN 3 1

VALUE ($ MILLIONS) 745.0 2.0

12 BITUMINOUS COAL AND LIGNITE MININGTOTAL NUMBER OF CASES 4 0NUMBER CASES -- VALUE KNOWN 3 0VALUE ($ MILLIONS) 750.6 0

13 OIL AND GAS EXTRACTION

TOTAL NUMBER OF CASES 20 0NUMBER CASES -- VALUE KNOWN 9 0VALUE ($ MILLIONS) 791.1 0

14 NONMETALLIC MINERALS, EXCEPT FUELSTOTAL NUMBER OF CASES 3 0

NUMBER CASES -• VALUE KNOWN 3 0VALUE (S MILLIONS) 208.9 0


NUMBER CASES •- VALUE KNOWN 18 1VALUE (S MILLIONS) 2495.6 2.0

0 0 3 0 0 0 0

0 0 1 0 0 0 0

0 0 2.0 0 0 0 0

0 0 1 0 0 0 1

0 0 0 0 0 0 1

0 0 0 0 0 0 8.8

0 0 4 0 0 0 1

0 0 1 0 0 0 1

0 0 2.0 0 0 0 8.8

1 0 1 0 0 0 2

1 0 0 0 0 0 1

38.0 0 0 0 0 0 705.0

0 0 2 1 0 1 0

0 0 2 0 0 1 0

0 0 47.0 0 0 703.6 0

0 0 4 1 0 6 9

0 0 1 0 0 3 5

0 0 15.0 0 0 575.9 200.2

1 0 1 0 0 1 0

1 0 1 0 0 1 0

91.4 0 100.0 0 0 17.5 0

2 0 8 2 0 8 11

2 0 4 0 0 5 6

129.4 0 162.0 0 0 1297.0 905.2


TABLE V

NETHER- SWITZER- UNITED ALL TOTAL CANADA FRANCE GERMANY JAPAN LANDS LAND KINGDOM OTHER


CONSTRUCTION

IS GENERAL BUILDING CONTRACTORS TOTAL NUMBER OF CASES NUMBER CASES -- VALUE KNOWN VALUE ($ MILLIONS)

17 SPECIAL TRADE CONTRACTORS TOTAL NUMBER OF CASES

NUMBER CASES — VALUE KNOWN VALUE (S MILLIONS)

11

52.0

11

52.0

TOTAL NUMBER OF CASES

NUMBER CASES •• VALUE KNOWN VALUE (S MILLIONS)

21

52.0

11

52.0

MANUFACTURING

20 FOOD AND KINDRED PRODUCTS

Ito

TOTAL NUMBER OF CASES 32 4 2 1 16 0 2 3 4 INUMBER CASES -- VALUE KNOWN 19 1 0 0 14 0 2 0 2VALUE (S MILLIONS) 1143.2 2.9 0 0 3B5.3 0 405.0 0 350.0

22 TEXTILE MILL PRODUCTS

TOTAL NUMBER OF CASES 4 0 0 0 2 0 1 0 1NUMBER CASES -- VALUE KNOWN 2 0 0 0 1 0 1 0 0VALUE ($ MILLIONS) 235.0 0 0 0 60.0 0 175.0 0 0

23 APPAREL AND OTHER TEXTILE PRODUCTSTOTAL NUMBER OF CASES 6 1 1 1 2 0 0 1 0

NUMBER CASES -- VALUE KNOWN 3 0 1 0 1 0 0 1 0VALUE ($ MILLIONS) 422.0 0 410.0 0 2.0 0 0 10.0 0

24 LUMBER AND WOOD PRODUCTSTOTAL NUMBER OF CASES 2 0 0 0 1 0 0 1 0

NUMBER CASES -- VALUE KNOWN 1 0 0 0 1 0 0 0 0

VALUE ($ MILLIONS) 1.5 0 0 0 1.5 0 0 0 0

25 FURNITURE AND FIXTURESTOTAL NUMBER OF CASES 3 2 0 0 1 0 0 0 0

NUMBER CASES -- VALUE KNOWN 2 2 0 0 0 0 0 0 0VALUE (* MILLIONS) 6.3 6.3 0 0 0 0 0 0 0


TABLE V

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S. AFFILIATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTIONS — 1990

26 PAPER AND ALLIED PRODUCTS


NUMBER CASES -- VALUE KNOWN

VALUE ($ MILLIONS)

27 PRINTING AND PUBLISHING


NUMBER CASES - VALUE KNOWN

VALUE (S MILLIONS)

28 CHEMICALS AND ALLIED PRODUCTS TOTAL NUMBER OF CASES

NUMBER CASES -- VALUE KNOWN VALUE (S MILLIONS)

TOTAL

7

5

236.1

3413

1433.6

5834

8911.7

29 PETROLEUM AND COAL PRODUCTS

TOTAL NUMBER OF CASES 2NUMBER CASES -- VALUE KNOWN 2

VALUE ($ MILLIONS) 711.5

30 RUBBER AND MISC. PLASTICS PRODUCTSTOTAL NUMBER OF CASES 14

NUMBER CASES - VALUE KNOWN 5

VALUE (S MILLIONS) 1905.0

31 LEATHER AND LEATHER PRODUCTS TOTAL NUMBER OF CASES NUMBER CASES — VALUE KNOWN

VALUE ($ MILLIONS)

CANADA

3

255.1

5

1270.0

FRANCE GERMANY

21

4.0

64

2531.0

11

1,500.0

209

580.2

JAPAN

11

26.0

31

16.5

13

101026.9

5

120.0

NETHER

LANDS

11

115.8

SWITZER

LAND

22

2,195.0

UNITED

KINGDOM

136

674.7

7

71976.0

11

125.0

ALL

OTHER

3

2155.0

103

352.6

82

602.6

22

711.5

4

2260.0

IrotnI

32 STONE, CLAY, AND GLASS PRODUCTSTOTAL NUMBER OF CASES 21 0 4 0 6 0 4 2 5

NUMBER CASES -- VALUE KNOWN 7 0 1 0 3 0 2 1 0VALUE ($ MILLIONS) 2347.0 0 1900.0 0 288.3 0 122.3 36.4 0

33 PRIMARY METAL INDUSTRIES

TOTAL NUMBER OF CASES NUMBER CASES -- VALUE KNOWN

VALUE ($ MILLIONS)

2514

1369.2

21

18.7

84

695.6

106

339.9

5

3

315.0

34 FABRICATED METAL PROOUCTS



VALUE ($ MILLIONS)

16

101127.1

21

223.4

5

3249.0

11

40.0

11

550.0

64

64.7


TABLE V

35 MACHINERY, EXCEPT ELECTRICAL TOTAL NUMBER OF CASES

NUMBER CASES -- VALUE KNOWN VALUE (S MILLIONS)

36 ELECTRIC AND ELECTRONIC EQUIPMENT TOTAL NUMBER OF CASESNUMBER CASES -- VALUE KNOWN VALUE ($ MILLIONS)

37 TRANSPORTATION EQUIPMENT TOTAL NUMBER OF CASES

NUMBER CASES -- VALUE KNOWN VALUE ($ MILLIONS)

38 INSTRUMENTS AND RELATED PRODUCTS TOTAL NUMBER OF CASESNUMBER CASES -- VALUE KNOWN VALUE <$ MILLIONS)

39 MISCELLANEOUS MANUFACTURNG INDUSTRIES TOTAL NUMBER OF CASES


TOTAL

6627

1698.1

7035

1450.7

3517

907.2

2514

1323.6


NUMBER CASES -- VALUE KNOWN VALUE <t MILLIONS)

9 4

252.2

430214

25,481.0

INDUSTRY GROUP OF U.S,. AFFILIATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTIONS -• 1990

NETHER SWITZER UNITED ALLCANADA FRANCE GERMANY JAPAN LANDS LAND KINGDOM OTHER

0 0 8 41 0 2 5 100 0 3 15 0 0 3 60 0 142.8 913.7 0 0 42.0 599.6

1 2 1 40 4 1 10 110 1 1 21 1 1 6 40 26.0 13.0 1,139.7 50.0 7.5 160.1 54.4

2 2 3 21 0 0 2 52 1 1 11 0 0 1 1

84.0 103.0 15.0 230.2 0 0 375.0 100.0

0 2 1 12 0 2 4 40 2 0 6 0 2 3 10 119.5 0 232.2 0 39.0 679.9 253.0

0 1 1 6 0 0 0 10 0 1 2 0 0 0 10 0 20.0 12.2 0 0 0 220.0

22 31 40 185 7 15 50 809 16 16 97 2 11 30 33

437.0 7289.1 994.4 4943.4 165.8 2983.8 4629.1 4038.4

INJCTtI

TRANSPORTATION, COMMUNICATIONS, UTIL.

40 RAILROAD TRANSPORTATION TOTAL NUMBER OF CASES

NUMBER CASES - VALUE KNOWN VALUE ($ MILLIONS)

42 TRUCKING AND WAREHOUSING



VALUE (* MILLIONS)

21

95.0

102

93.5

21

95.0

21

8.5

5

185.0


TABLE V

NETHER* SWITZER- UNITED ALL


TOTAL CANADA FRANCE GERMANY JAPAN LANDS LAND KINGDOM OTHER

44 WATER TRANSPORTATIONTOTAL NUMBER OF CASES 35 1 2 0 23 1 0 2 6NUMBER CASES -- VALUE KNOWN 4 0 0 0 2 0 0 1 1VALUE ($ MILLIONS) 208.9 0 0 0 44.0 0 0 154.0 10.9

45 TRANSPORTATION BY AIRTOTAL NUMBER OF CASES 10 0 1 1 3 0 0 0 5NUMBER CASES -- VALUE KNOWN 5 0 0 0 1 0 0 0 4VALUE ($ MILLIONS) 314.9 0 0 0 10.0 0 0 0 304.9

47 TRANSPORTATION SERVICESTOTAL NUMBER OF CASES 16 0 0 0 4 0 1 7 4NUMBER CASES -- VALUE KNOWN 5 0 0 0 1 0 0 4 0VALUE (S MILLIONS) 37.2 0 0 0 10.0 0 0 27.2 0

48 COMMUNICATIONTOTAL NUMBER OF CASES 9 1 2 0 1 0 1 2 3NUMBER CASES -- VALUE KNOWN 3 1 0 0 0 0 1 2 0VALUE (* MILLIONS) 1,915.2 20.0 0 0 0 0 0 1895.2 0

49 ELECTRIC, GAS, AND SANITARY SERVICESTOTAL NUMBER OF CASES 7 1 0 2 2 0 0 0 2NUMBER CASES -- VALUE KNOWN 2 0 0 0 2 0 0 0 0VALUE ($ MILLIONS) 405.0 0 0 0 405.0 0 0 0 0

TOTAL NUMBER OF CASES 89 7 5 3 35 1 1 12 25vNUMBER CASES — VALUE KNOWN 22 2 0 0 7 0 0 7 6VALUE <$ MILLIONS) 3069.7 115.0 0 0 477.5 0 0 2076.4 400.8

hJHOLESALE TRADE

50 WHOLESALE TRADE - DURABLE GOODSTOTAL NUMBER OF CASES 53 0 5 4 34 0 2 2 6NUMBER CASES -- VALUE KNOWN 12 0 1 1 8 0 1 1 0VALUE C$ MILLIONS) 512.0 0 93.0 100.0 293.3 0 1.5 24.2 0


TABLE V

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S.. AFFILIATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTIONS - 1990

NETHER SWITZER UNITED ALLTOTAL CANADA FRANCE GERMANY JAPAN LANDS LAND KINGDOM OTHER

51 WHOLESALE TRADE - NONDURABLE GOGOSTOTAL NUMBER OF CASES 27 0 0 1 12 1 2 8 3NUMBER CASES -- VALUE KNOWN 6 0 0 0 2 0 0 3 1VALUE C$ MILLIONS) 497.2 0 0 0 2.5 0 0 441.7 53.0

TOTAL NUMBER OF CASES 80 0 5 5 46 1 4 10 9NUMBER CASES — VALUE KNOWN 18 0 1 1 10 0 1 4 1VALUE ($ MILLIONS) 1009.2 0 93.0 100.0 295.8 0 1.5 465.9 53.0

RETAIL TRADE

52 BUILDING MATERIALS & GARDEN SUPPLIESTOTAL NUMBER OF CASES 1 0 0 0 1 0 0 0 0NUMBER CASES •• VALUE KNOWN 0 0 0 0 0 0 0 0 0VALUE ($ MILLIONS) 0 0 0 0 0 0 0 0 0

53 GENERAL MERCHANDISE STORES TOTAL NUMBER OF CASES 3 0 2 0 1 0 0 0 0NUMBER CASES -- VALUE KNOWN 1 0 0 0 1 0 0 0 0VALUE (* MILLIONS) 0.6 0 0 0 0.6 0 0 0 0

54 FOOD STORESTOTAL NUMBER OF CASES 5 1 2 0 2 0 0 0 0NUMBER CASES -- VALUE KNOWN 3 1 2 0 0 0 0 0 0VALUE ($ MILLIONS) 160.0 50.0 110.0 0 0 0 0 0 0

55 AUTOMOTIVE DEALERS & SERVICE STATIONSTOTAL NUMBER OF CASES 3 0 0 0 3 0 0 0 0NUMBER CASES -- VALUE KNOWN 1 0 0 0 1 0 . 0 0 0VALUE ($ MILLIONS) 4.3 0 0 0 4.3 0 0 0 0

56 APPAREL AND ACCESSORY STORESTOTAL NUMBER OF CASES 43 0 12 4 6 0 0 1 20NUMBER CASES -- VALUE KNOWN 5 0 0 0 1 0 0 0 4VALUE ($ MILLIONS) 24.8 0 0 0 1.0 0 0 0 23.8


TABLE V


TOTAL CANADA FRANCE GERMANY JAPAN

NETHER

LANDSSWITZER

LANDUNITED

KINGDOM

ALL

OTHER

57 FURNITURE AND HOME FURNISHINGS STORES

TOTAL NUMBER OF CASES 7 0 1 0 1 0 0 2 3NUMBER CASES - VALUE KNOWN 2 0 0 0 0 0 0 1 1VALUE ($ MILLIONS) 34.0 0 0 0 0 0 0 23.0 11.0

58 EATING AND DRINKING PLACESTOTAL NUMBER OF CASES 15 0 0 0 10 0 0 5 0NUMBER CASES — VALUE KNOWN 6 0 0 0 2 0 0 4 0VALUE ($ MILLIONS) 831.6 0 0 0 108.6 0 0 723.0 0

59 MISCELLANEOUS RETAIL

TOTAL NUMBER OF CASES 17 0 4 2 8 1 0 1 1NUMBER CASES -- VALUE KNOWN 3 0 0 0 2 1 0 0 0VALUE ($ MILLIONS) 60.5 0 0 0 20.5 40.0 0 0 0

TOTAL NUMBER OF CASES 94 1 21 6 32 1 0 9 24NUMBER CASES -- VALUE KNOWN 21 1 2 0 7 1 0 5 5VALUE ($ MILLIONS) 1115.8 50.0 110.0 0 135.0 40.0 0 746.0 34.8

:INANCE, INSURANCE, AND REAL ESTATE

60 BANKINGTOTAL NUMBER OF CASES 13 1 1 0 4 1 0 0 6NUMBER CASES -- VALUE KNOWN 7 0 1 0 2 1 0 0 3

VALUE C$ MILLIONS) 840.5 0 42.5 0 128.0 420.0 0 0 250.0

61 CREDIT AGENCIES OTHER THAN BANKS

TOTAL NUMBER OF CASES 1 0 0 0 1 0 0 0 0


VALUE <$ MILLIONS) 0 0 0 0 0 0 0 0 0

62 SECURITY.COMMODITY BROKERS & SERVICES

TOTAL NUMBER OF CASES 16 1 1 1 6 1 2 3 1

NUMBER CASES — VALUE KNOWN 4 0 0 1 2 0 1 0 0

VALUE ($ MILLIONS) 500.0 0 0 25.0 175.0 0 300.0 0 0

63 INSURANCE CARRIERSTOTAL NUMBER OF CASES 10 1 0 1 2 0 1 2 3


VALUE ($ MILLIONS) 4,330.2 49.0 0 3,300.0 66.2 0 630.0 0 285.0


TABLE V

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S. AFFILIATE AND COUHCOMPLETED TRANSACTIONS -- 1990

TOTAL CANADA FRANCE GERMANY JAPAN

64 INSURANCE AGENTS, BROKERS & SERVICETOTAL NUMBER OF CASES 3 0 0 0 0

NUMBER CASES - VALUE KNOWN 2 0 0 0 0VALUE (S MILLIONS) 790.0 0 0 0 0

65 REAL ESTATETOTAL NUMBER OF CASES 6 1 0 0 2NUMBER CASES -• VALUE KNOWN 1 0 0 0 1

VALUE (S MILLIONS) 190.0 0 0 0 190.0

67 HOLDING AND OTHER INVESTMENT OFFICESTOTAL NUMBER OF CASES 3 1 0 0 2NUMBER CASES -- VALUE KNOWN 3 1 0 0 2VALUE (S MILLIONS) 352.5 250.0 0 0 102.5

TOTAL NUMBER OF CASES 52 5 2 2 17

NUMBER CASES -- VALUE KNOWN 22 2 1 2 8VALUE (* MILLIONS) 7003.2 299.0 42.5 3325.0 661.7

SERVICES

70 HOTELS AND OTHER LODGING PLACESTOTAL NUMBER OF CASES 39 1 1 1 31

NUMBER CASES -• VALUE KNOWN 31 0 1 1 25VALUE <$ MILLIONS) 3702.7 0 1300.0 48.0 2288.6

72 PERSONAL SERVICESTOTAL NUMBER OF CASES 1 1 0 0 0NUMBER CASES -• VALUE KNOWN 1 1 0 0 0VALUE ($ MILLIONS) 65.5 65.5 0 0 0

73 BUSINESS SERVICESTOTAL NUMBER OF CASES 22 1 1 1 10NUMBER CASES -- VALUE KNOWN 10 0 0 0 5VALUE (* MILLIONS) 241.1 0 0 0 112.3

75 AUTO REPAIR, SERVICES, AND GARAGESTOTAL NUMBER OF CASES 2 0 0 0 1NUMBER CASES -- VALUE KNOWN 1 0 0 0 0

VALUE <S MILLIONS) 12.0 0 0 0 0

OF FOREIGN PARENT

NETHER- SWITZER- UNITED ALL LANDS LAND KINGDOM OTHER

0 0 1 2

0 0 1 10 0 778.0 12.0

0 0 2 1

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 00 0 0 0

2 3 8 13

1 2 1 5.0 930.0 778.0 547.0 U>01


TABLE V


NETHER- SWITZER- UNITED TOTAL CANADA FRANCE GERMANY JAPAN LANDS LAND KINGDOM

78 MOTION PICTURES

TOTAL NUMBER OF CASES 12 0 0 0 7 0 0 2NUMBER CASES - VALUE KNOWN 7 0 0 0 4 0 0 2

VALUE ($ MILLIOMS) 9,361.7 0 0 0 7762.7 0 0 239.0

79 AMUSEMENT t RECREATION SERVICESTOTAL NUMBER OF CASES 14 0 0 0 13 0 0 0

NUMBER CASES -- VALUE KNOWN 10 0 0 0 10 0 0 0VALUE ($ MILLIONS) 161.6 0 0 0 161.6 0 0 0

80 HEALTH SERVICES

TOTAL NUMBER OF CASES 2 1 0 0 1 0 0 0NUMBER CASES — VALUE KNOWN 1 0 0 0 1 0 0 0

VALUE ($ MILLIONS) 37.3 0 0 0 37.3 0 0 0

81 MISCELLANEOUS REPAIR SERVICES

TOTAL NUMBER OF CASES 1 0 0 0 0 0 0 0NUMBER CASES -- VALUE KNOWN 0 0 0 0 0 0 0 0

VALUE (* MILLIONS) 0 0 0 0 0 0 0 0

82 EDUCATIONAL SERVICES

TOTAl NUMBER OF CASES 5 0 0 0 5 0 0 0NUMBER CASES -- VALUE KNOWN 2 0 0 0 2 0 0 0

VALUE ($ MILLIONS) 9.2 0 0 0 9.2 0 0 0

87 SERVICES, MISCELLANEOUSTOTAL NUMBER OF CASES 21 0 0 2 11 0 1 4

NUMBER CASES -- VALUE KNOWN 9 0 0 2 6 0 0 1

VALUE ($ MILLIONS) 407.1 0 0 210.0 178.0 0 0 19.1

TOTAL NUMBER OF CASES 119 4 2 4 79 0 2 13

NUMBER CASES -- VALUE KNOWN 72 1 1 3 53 0 0 7VALUE (S MILLIONS) 13998.2 65.5 1300.0 258.0 10,549.7 0 0 371.3

ALLOTHER

31

1360.0

100

000

100

000

3

0015

71453.7


TABLE V

DIRECT INVESTMENT DISTRIBUTION BY INDUSTRY GROUP OF U.S. AFFILIATE AND COUNTRY OF FOREIGN PARENTCOMPLETED TRANSACTIONS - 1990

TOTAL CANADA FRANCE GERMANY JAPANNETHER- SWITZER- LANDS LAND

UNITEDKINGDOM

ALLOTHER

96 ADMINISTRATION OF ECONOMIC PROGRAMSTOTAL NUMBER OF CASES 6 0 0 0 3 0 0 0 3NUMBER CASES -- VALUE KNOWN 1 0 0 0 0 0 0VALUE ($ MILLIONS) 0.5 0 0 0 0 0 0 0 0.5

TOTAL NUMBER OF CASES 6 0 0 0 3 0 0 0 3NUMBER CASES -- VALUE KNOWN 1 0 0 0 0 0 0 ? 2VALUE <$ MILLIONS) 0.5 0 0 0 0 0 0 0 0.5

REAL PROPERTY

TOTAL NUMBER OF CASES NUMBER CASES -- VALUE KNOWN VALUE ($ MILLIONS)

GRAND TOTAL

TOTAL NUMBER OF CASES NUMBER CASES -- VALUE KNOWN VALUE <* MILLIONS)

109

853348.0

1018476

57,584.0

64

88.7

4620

1057.2

11

3.4

6924

8967.4

32

20.6

6324

4698.0

5044

2358.8

460231

19,585.9

55

147.6

199

773.4

22

20.3

64

154.7

3623

553.9

27 117 21716 64 88

3935.6 10,570.4 7996.1

Iu>toI


-33-

MODE OF INVESTMENT TRANSACTIONS

Foreign direct investment transactions can be classified into various modes relating to type and characteristics. For the purpose of the OTIA transaction monitoring program, the modes of investment used are the following:

o Acquisitions/mergerso Equity increaseso Joint ventureso New plantso Plant expansionso Real estateo All others

Appendix D defines these and other terms used in this report.

In 1990, acquisitions/mergers, new plant activity, and joint ventures were the leading forms of investment activity in terms of the number of transactions. Acquisitions/mergers accounted for 486 of the transactions identified, new plant activity for 91 transactions, and joint ventures for 78 transactions. Together these three modes accounted for 655 transactions, 64 percent of the total investment transactions identified.

Table VI shows the modes of investment by principal source country.



TABLE VI

MODE OF INVESTMENT BY SOURCE COUNTRY

COMPLETED TRANSACTIONS -- 1990

TOTAL ALL MODES

ACQUISITIONS EQUITY JOINT & MERGERS INCREASES VENTURES

NEW

PLANTSPLANT

EXPANSIONREAL

ESTATEOTHERMODES

TOTAL ALL COUNTRIES

TOTAL NUMBER OF CASES NUMBER CASES — VALUE KNOWN

VALUE ($ MILLIONS)

1018476

57584.0

486312

47134.3

4627

4157.9

7825

1952.9

9144

1665.1

5625

656.4

1410

781.1

24733

1236.3

CANADA



46

201057.2

25

11829.9

3

195.0

64

18.2

32

55.1

21

57.0

7

12.0

FRANCE

TOTAL NUMBER OF CASES NUMBER CASES — VALUE KNOWN

VALUE ($ MILLIONS)

6924

8967.4

2716

8699.3

52

183.0

51

19.5

62

19.0

22

36.6

241

10.0

GERMANY

TOTAL NUMBER OF CASES NUMBER CASES -• VALUE KNOWN VALUE ($ MILLIONS)

63

244698.0

27

144372.4

21

13.0

5

165.0

4

115.0

13

6226.5

121

6.1

JAPAN



VALUE ($ MILLIONS)

460231

19585.9

179139

14632.5

106

465.6

4417

1037.7

5830

1482.7

2210

219.7

109

724.1

13720

1023.6

NETHERLANDS


NUMBER CASES - VALUE KNOWN VALUE ($ MILLIONS)

19

9773.4

13

7720.8

3

12.6

21

50.0


TABLE VI

NODE OF INVESTMENT BY SOURCE COUNTRY

COMPLETED TRANSACTIONS -- 1990

TOTAL ACQUISITIONS EQUITY JOINT NEW PLANT REAL OTHERALL MOOES I MERGERS INCREASES VENTURES PLANTS EXPANSION ESTATE MOOES

SWITZERLAND


NUMBER CASES - VALUE KNOWN VALUE (S MILLIONS)

2716

3935.6

1510

3411.8

43

402.3

3

286.5

21

35.0

UNITED KINGDOM

TOTAL NUMBER OF CASES 117 83 4 5 4 6 0 15NUMBER CASES - VALUE KNOWN 64 53 4 3 1 2 0 1VALUE ($ MILLIONS) 10570.4 8773.3 1140.5 617.1 1.5 32.0 0 6.0

OTHER SOURCE COUNTRIES

TOTAL NUMBER OF CASES NUMBER CASES — VALUE KNOWN VALUE ($ MILLIONS)

21788

7996.1

117

625694.3

1810

1858.5

16

2211.0

94

42.2

82

51.5

200

478

138.6

IU)a\\


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LOCATION OF INVESTMENT BY STATE

Foreign direct investments were identified in 44 states and the District of Columbia during 1990 (Table VII). California and New York, the leading states for the previous six years, remained in this position with 194 and 129 transactions, respectively. Other states that had substantial investment were Texas (101 transactions), Florida (53), New Jersey (44), Hawaii (34), and Ohio, and Pennsylvania (33 each). These eight states, with a total of 621 transactions, accounted for 61 percent of the investment transactions identified in 1990 (Figure 4).

Figure 4

NUMBER OF INVESTMENTS BY STATE 1990

New York 129

Total 1018= 100%

A slightly different picture emerges based on dollar values. According to the transaction values identified, California was the leading recipient with $20.2 billion, followed by New York ($5.3 billion), Pennsylvania ($4.0 billion), Texas ($3.5 billion), Massachusetts ($3.4 billion), Ohio ($2.7 billion), New Jersey ($2.5 billion), and Washington ($1.7 billion).



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TABLE VII

STATE LOCATION OF FOREIGN INVESTMENTS - 1990

Number Number Cases/ ValueStates of Cases Value Known ($ Million)

TOTAL 1018 476 57,584.0

Alabama 5 4 119.6Alaska 5 3 662.0Arizona 12 9 294.8Arkansas • • •

California 194 101 20,195.5Colorado 23 13 375.5Connecticut 17 4 388.3Delaware 3 1 594.8Dist. of Col. 10 3 56.9Florida 53 27 479.4Georgia 29 14 1,499.2Hawaii 34 23 1,043.0Idaho . « *

Illinois 22 9 837.7Indiana 16 7 280.0Iowa 8 5 44.8Kansas 2 2 91.5Kentucky 17 4 426.4Louisiana 9 5 127.0Maine 2 1 5.2Maryland 19 8 530.9Massachusetts 25 12 3,381.1Michigan 21 9 712.9Minnesota 6 3 232.0Mississippi 1 1 60.0Missouri 7 4 1,216.6Montana • • •

Nebraska • » •

Nevada 4 4 835.6New Hampshire 5 1 7.8New Jersey 44 20 2,516.3New Mexico 1 • *

New York 129 50 5,335.7North Carolina 22 9 640.0North Dakota • • •

Ohio 33 16 2,723.2


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TABLE VII

STATE LOCATION OF FOREIGN INVESTMENTS - 1990

Number Number Cases/ ValueStates of Cases Value Known ($ Million)

Oklahoma 2 1 6.0Oregon 8 2 129.0Pennsylvania 33 20 3,988.5Rhode Island 2 1 215.0South Carolina 10 5 377.0South Dakota • • •

Tennessee 20 7 159.6Texas 101 45 3,460.0Utah 4 2 23.5Vermont 2 • •

Virginia 28 9 983.0Washington 19 8 1,733.3West Virginia 2 2 65.4Wisconsin 3 1 630.0Wyoming 2 1 100.0Unidentified 4 • *


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MAJOR SECTORAL DEVELOPMENTS

This section on industrial sectors focuses on major investment transactions’ trends in those sectors where foreign direct investment was concentrated or for various other reasons such as a particular investment pattern or a noteworthy transaction.

In 1990, there was notable foreign direct investment activity in 19 industrial sectors. In 13 sectors, there were more than $1 billion worth of foreign direct investment transactions.

Oil and Gas Extraction (SIC 13) -- During the U.S. oil boom of the early 1980s, foreign direct investment in the oil and gas extraction industry grew steadily. In contrast, reduced oil prices at the end of the decade resulted in less prospecting and drilling by U.S. companies. As industry profits declined, so did interest by foreign investors. Rising crude oil prices in 1990, however, spurred an increase in U.S. oil production and renewed interest by foreign investors in the oil and gas extraction sector.

Both the number of transactions and the total value figure showed an increase over the previous year; the number of transactions increased by 25 percent. Twenty transactions were identified in 1990; nine of them had a total value of $791.1 million.

Two transactions accounted for 90 percent of the total value. The largest transaction was a joint venture valued at $556.6 million, which represented British Petroleum Co. PLC’s share of a $1.1 billion gas handling plant on Alaska’s North Slope near the Prudhoe Bay oil fields. British Petroleum owns a 50.6 percent interest in the Prudhoe Bay crude reserves; Arco and Exxon each hold a 21.8 percent interest.

The second largest transaction was an acquisition. Mosvald Shipping A/S of Kristiansand, Norway acquired a controlling interest in Dual Drilling Co. for $170 million from Bechtel Investments Inc. Dual Drilling of Dallas, Texas is among the country’s largest offshore oil drilling concerns.

Foreign investment in the oil and gas sector came primarily from three source countries in 1990. The United Kingdom accounted for six investments, while Japan and Norway each had four investments. Three investments were made


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by companies owned or controlled by the governments of Italy and Japan.

There were four types of investment transactions in this sector. Ten transactions were acquisitions. There were also three joint ventures and three equity increases. Other investments included two new subsidiaries, one new office and one drilling project.

The oil and gas exploration and development subsector (SIC 1311) with 14 transactions was the most active area. Drilling oil and gas wells (SIC 1381) accounted for three transactions, while oil and gas field services (SIC 1389) had two transactions.

As in 1989, Texas, with 12 transactions, was the state that had the most foreign investment in oil and gas extraction. Louisiana was in second place with five transactions and Alaska had two.

Food and Kindred Products (SIC 20) - Foreign investment in the food and kindred products sector in 1990 declined by 24 percent in the number of transactions and by 84 percent in the known dollar volume from the previous year. The Office of Trade and Investment Analysis identified 32 completed transactions with an aggregate value of $1.1 billion for 19 of them.

Acquisitions continue to be the favored mode of investment in this industry. Foreign companies invested $836 million in 16 U.S. food processors by establishing nine new plants, and completing three plant expansions, one joint venture, and one equity increase. Two transactions were recorded in the other category, a new company and a headquarters.

Three major transactions accounted for nearly 74 percent of the total reported value. The largest investment was by a Swiss corporate giant. In order to reduce debt and concentrate on core businesses, RJR Nabisco Inc. (Atlanta, Georgia) sold its candy business, which includes such top-selling bars as Baby Ruth and Butterfinger, to Nestle SA for $370 million. Nestle, headquartered in Vevey, Switzerland, is known for its confectionery and milk products.

The second largest transaction in the food and kindred products sector was the acquisition of Wyndham Foods Inc. for $335 million by President Enterprises Corp., Taiwan’s largest integrated food company. Wyndham, of San Francisco, California, is the United States’ largest baker of Girl Scout cookies.


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The third largest investment transaction was the establishment of a $140 million joint venture. Sapporo Vineyards USA Inc.(Seattle, Washington) has a 70 percent interest through its two Japanese owners, Sapporo Breweries with 51 percent and Okura & Company Ltd. with 19 percent. The U.S. partner in the venture, Wyckoff Farms Inc., also of Seattle, Washington, has a 30 percent interest. Sapporo Vineyards produces malt beverages.

Investment by principal source countries accounted for almost 88 percent of completed transactions. Japan was the major source country with 16 of the32 identified transactions, Canada with four, the United Kingdom with three, France and Switzerland with two each, while Germany had one.

Geographically, 17 states had foreign investments in the food industry. California had the largest number of investments in the foods sector with eight. Washington was second with four, followed by New York with three.

Paper and Allied Products (SIC 26) - In 1990 the paper and allied products sector had its first downturn after four years of rapidly rising prices and record profits. This downturn was largely the result of excess production capacity and weaker consumer demand. The decrease in foreign direct investment reflected the industry’s situation; transactions figures have not been this low since 1982 when they were identical to the 1990 figures. Seven transactions, with five values, were identified. The total investment value was $236.1 million as compared with almost $2 billion for 1989.

All of the major investment transactions were acquisitions and all had values of less than $100 million. The largest investment was the $95 million acquisition of Golden State Newsprint Co., a Pomona, California newsprint recycling mill, by a subsidiary of Jefferson Smurfit Group PLC of Ireland. The Dublin-based paper, packaging, and printing company, which is controlled by the Smurfit family, also acquired two corrugated-container plants from Boise Cascade Corp. in 1990. The terms of this transaction were not disclosed.

The second largest investment was the $60 million acquisition of American Tape Co. by STC Inc., a South Korean producer of film and batteries. The Marysville, Michigan firm manufactures pressure-sensitive and adhesive tape.

The third largest investment was Patriot Paper Corp.’s acquisition of James River Corp.’s Boston paper mill for $50 million. Patriot Paper Corp., a


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Montreal, Canada paper products manufacturer, is 50 percent owned by Tembec Inc., another pulp and paper concern headquartered in Montreal.

Investors in this sector were from four countries. Canadian investors accounted for three transactions, while Irish investors had two. Investors from Japan and South Korea accounted for the remaining two transactions.

Most of the investment in this industry was in the converted paper and paperboard products subsector (SIC 267); there were three transactions. The remaining investment was divided equally between the paper mills subsector (SIC 262) and the paperboard containers and boxes subsector (SIC 265).

Acquisitions accounted for more than 70 percent of the investment transactions in the paper and allied products industry; five of the transactions were identified. The other two transactions were a plant expansion and a new subsidiary.

California and Michigan were the two states with the most foreign investment in this industry; both had two investment transactions. Connecticut, Massachusetts, and Michigan accounted for the remaining three transactions.

Printing and Publishing (SIC 27) - Despite a slump in the U.S. printing and publishing sector in 1990, foreign direct investment rose about 10 percent. Foreign firms made 34 investments, 13 of which had a total value of $1.4 billion. There were more investment transactions than in the previous year, but fewer had large price tags. Only six transactions had values exceeding $100 million.

Reed International PLC, Britain’s largest publishing and information company, continued to expand its U.S. publishing presence with the largest investment in this sector. Reed Publishing USA the Newton, Massachusetts subsidiary of Reed International, acquired Martindale-Hubbell Inc. for $303.7 million. The 121-year-old, privately owned firm, located in New Providence, New Jersey, publishes legal reference texts.

Another British company made the second largest investment in this sector. MB Group PLC, a Reading, England-based financial printing company] acquired American Bank Stationery Co., a Baltimore, Maryland check printer for $300 million. This acquisition expands MB’s capabilities in the U.S. check printing industry. The British firm also owns Clark Checks Inc., a San


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Antonio, Texas check printing company acquired in 1985 for $40 million.

International Thomson Organisation Ltd. of Canada made the third largest investment in this sector. The Toronto-based company acquired five Midwestern daily newspapers from Ingersoll Publications Co. for $270 million. The papers include the New Journal. Mansfield, Ohio; the Sheboygan Press. Sheboygan, Wisconsin; the Tribune-Star. Terre Haute, Indiana; the Herald- Bulletin. Anderson, Indiana, and the Tribune-Chronicle. Warren, Ohio. Kenneth R. Thomson and his family control International Thomson, which has holdings in the publishing, oil and gas exploration, and travel industries.

In 1990, 12 source countries were represented in this sector. Four of them accounted for more than 70 percent of the transactions. The United Kingdom ranked first, as it has for the last four years, with 13 transactions. Canada was in second place with five transactions, followed by Australia with four and Japan with three transactions.

Continuing the trend of the late 1980s, most foreign direct investments in 1990 were in the periodicals publishing subsector (SIC 2721). Fourteen transactions were identified; only four values were publicly available and they totaled $70.6 million. Foreign investors were also very active in three other subsectors in this industry. There were six investments in the newspaper publishing subsector (SIC 2711) of which two had a total value of almost $370 million. The book publishing subsector (SIC 2731) had five transactions with two available values totaling $121 million. The commercial printing (lithographic) subsector (SIC 2752) had three transactions with two known values of $53.3 million.

Acquisitions were the primary form of investment in the printing and publishing industry. Twenty-four acquisitions accounted for almost 71 percent of the transactions identified. Joint ventures and equity increases were the second most utilized form of investment; each accounted for two transactions.

Printing and publishing investments were located in 18 states. The majority of them were in three states: eight transactions were in New York, six in Florida, and four in California.


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Chemicals and Allied Products (SIC 28) — The chemicals and allied products industry continued a trend toward consolidation and globalization. More than a dozen large U.S. companies in the chemicals and allied products industry have been acquired, or merged, or have formed an alliance with foreign companies over the last five years to maintain competitiveness and to have access to each others’ markets. Such consolidation has been particularly evident in the pharmaceutical subsector, being used as a means of sharing research and development costs. Few pharmaceutical companies on their own can afford the prohibitive cost of innovative drug research to bring a product to the market.

Both economic reasons and corporate survival have made it necessary for many diversified U.S. chemical manufacturers to move out of the non-health sector into the lucrative health care and related products subsector. Foreign direct investment in this industry, while not as large as 1989, was still substantial. Fifty-eight transactions by foreign companies were identified. Thirty-four of them had a combined value of $8.9 billion, as compared with 78 transactions during 1989 with a combined value of $15.5 billion for 38 of them.

Foreign investment in the pharmaceutical subsector (SIC 2834) was responsible for the most value, nearly $3.8 billion. This total came from only four transactions, however. The plastic and synthetic resin subsector (SIC 2821) had the greatest number of transactions, 11, which accounted for 17 percent of the value.

In the largest transaction in this industry, Hoffmann LaRoche of Switzerland acquired 60 percent of Genentech Inc., a California-based biotechnology company, for $2.1 billion. The second largest transaction, also an acquisition/ merger, occurred when French Government-owned Rhone-Poulenc merged its pharmaceutical operations with Rorer Inc. of Pennsylvania into a new company for $1.7 billion. Rhone-Poulenc has a 68 percent interest in the new company. Rhone-Poulenc also acquired GAF Corp.’s special chemical division for $480 million.

Reckitt and Coleman PLC of England acquired American Home’s Boyle- Midway household products division for $1.3 billion in the third largest transaction for this industry. And the fourth largest occurred when Mitsubishi Corp. teamed up with the management of Aristech Chemical Corp. to acquire that company. Mitsubishi paid an estimated $880 million for its 76 percent share. Nine other transactions in this industry are also listed in the megadeals


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section, which begins on page 11.

Countries whose transactions accounted for the most value were not necessarily those with the most transactions. Germany was the leading source country with 20 transactions, but had little more than 6 percent of the value. Japan was second in number of transactions (13) but was fourth in value terms, about 12 percent. The United Kingdom, which was number three in value as well as in the number of transactions (seven), commanded 22 percent of the value. French companies, which had six transactions, had the most value, about 28 percent. Likewise, Switzerland, which had only two transactions, had nearly 25 percent of the value.

While investors from 13 countries participated in investments here, five investments accounted for 93 percent of the reported value. There were 27 acquisition/mergers, which was the investment mode used most often. Also, foreign investors increased their production capacity by expanding 17 existing facilities. Nine new plants were also established.

Geographically, transactions in the chemical industry were scattered throughout the United States. Texas had the most transactions with 11. California, Pennsylvania, Ohio, and Virginia attracted seven, six, five, and four, respectively. Another 16 states had three or fewer transactions each.

Although foreign direct investment in this industry has been substantial, more seems likely as U.S. companies consolidate and restructure and join with foreign investors to become more competitive internationally. Foreign investors have also turned their attention to smaller companies, providing them with badly needed research and development capital in order to gain access to innovative products coming out of these testing laboratories.

Rubber and Miscellaneous Plastics Products (SIC 30) -Foreign direct investment in the rubber and miscellaneous plastics products industry decreased more than 40 percent in 1990 as a result of price wars in the original and replacement tire markets caused by global overcapacity and sagging sales to car manufacturers. Fourteen transactions were identified with five known values totaling $1.9 billion.

Seeking to gain a foothold in the lucrative American tire market, Cie Generale des Etablissements Michelin of France, was responsible for the largest investment in the rubber sector during 1990. Uniroyal/Goodrich Tire


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Company, an Akron, Ohio-based tire giant, was purchased by Michelin for $1.5 billion. Michelin, France’s largest tire producer, is controlled by the Michelin family. With this acquisition, Michelin became the world’s largest tire maker, increasing its U.S. market share in the original equipment area to 32.7 percent and 11.5 percent in replacement passenger tires. This leaves Goodyear Tire and Rubber Company as the only major American-owned tire producer.

The Uniroyal acquisition marks the latest of several transactions by foreign investors, which have changed the shape of the tire industry to multinational giants - Bridgestone Corp. (Japan) acquired Firestone Tire and Rubber Co., General Tire and Rubber Company sold to Continental AG (Germany), Pirelli SPA (Italy) acquired Armstrong Rubber Company, Sumitomo Rubber Industries Ltd. (Japan) purchased Dunlop Tire, and Yokohama Rubber (Japan) bought Mohawk Rubber.

The second largest transaction was Societe Generate de Belgique SA’s $215 million acquisition of Foamex Products Inc., headquartered in East Providence, Rhode Island. Foamex manufactures flexible plastic foam products. Generate de Belgique is a diversified Belgian holding company.

In the third largest transaction, Black and Decker (Towson, Maryland) sold its footwear materials business to United Machinery Group Ltd. of Britain for $125 million. United Machinery manufactures shoe-working and leather- working machinery.

As in past years, acquisitions continue to be the primary mode of investment. Four of the six completed acquisition transactions had a total value of $1.9 billion. Other modes of investment included four new plants, two joint ventures, and one each plant expansion and new company.

Nearly 93 percent of the transactions identified in the rubber and miscellaneous plastics products sector were scattered throughout 13 states in the east/mid-eastern section of the United States.

On a country basis, investors from Japan were the most numerous with five transactions. France was by far the biggest spender with a $1.5 billion acquisition. Other countries with investment activity included Belgium (three), Germany (two), and Canada and Sweden (one each).

Six transactions (43 percent of the investments for this industry) occurred in


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the miscellaneous plastics products (SIC 3089) subsector. Japanese investors dominated this subsector with four investments, while investors from Belgium and Germany had one apiece.

Stone. Clav. and Glass Products (SIC 32) -- Foreign direct investment in the stone, clay, and glass products industry had a value of $2.3 billion for seven of the 21 transactions identified in 1990. This amount was more than double the $1 billion for six of the 17 transactions identified in 1989.

Historically, major investments in this industry have been in the building trade and related products subsector (SIC 327). Within the last couple of years, however, as the real estate industry declined, foreign investors have moved into other segments of this industry. In 1990, the abrasive products subsector (SIC 329) had the largest transaction identified for this industry.

Prior to 1989, British investors consistently provided the greatest number of transactions, with Japan second. However, during 1989, companies from Japan became the leader in the number of transactions even though they contributed little of the value. Again in 1990, Japan had more transactions than any other country - six. Their value was still small, about 12 percent. France, with four transactions, had nearly 80 percent of the value. Also, Ireland and Switzerland had four transactions each.

One large transaction of over $1 billion occurred when, in an effort to avoid being taken over by a hostile suitor, the Norton Company, a Massachusetts- based manufacturer of abrasive and high technology ceramic products, agreed to be acquired by a friendly suitor. Compagnie de Saint Gobain, partially owned by the French Government, acquired the Norton Company in an amicable acquisition at a value of $1.9 billion.

One other large transaction took place. Onoda Cement of Japan acquired California Portland Cement Company in a complicated transfer from its parent company, Calmat Inc., for an estimated value of $229 million. This and the Norton transaction provided 90 percent of the value for this industry.

The investment mode used most often was acquisition (11), with equity increase in existing facilities second (four). Three of the 21 transactions in this industry took place in California. Michigan, Texas, and Virginia had two transactions each. Another 12 states had one transaction each.


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Primarv Metal Industries (SIC 33) -- Investors from Asia and Europe continued to seek opportunities to expand their U.S. presence and to increase the revenue from their U.S. operations in the primary metal industries sector, but they were more conservative with their investments in 1990. There was a slight decrease in both the number of investment transactions and the total investment value from the 1989 figures. Twenty-five completed investment transactions were identified, 14 of which had a total value of almost $1.4 billion.

Japan, with 10 investments, was the leading source country in this sector for the seventh consecutive year. France was in second place with eight investments, while Canada and Norway tied for third place with three investments each. Two of the three largest investments in the primary metal industries sector were made by European companies with government ownership.

The first investment was the $570 million acquisition of J&L Specialty Products Corp. by Ugine ACG of Paris, a subsidiary of Usinor-Sacilor, the French Government-owned steel producer. J&L Specialty Products is a Pittsburgh, Pennsylvania manufacturer of stainless steel products. Usinor- Sacilor also purchased two other U.S. specialty steel products firms in 1990: Alloy & Stainless Inc. of Mahwah, New Jersey and Techalloy Inc. of Rahns, Pennsylvania.

The second largest investment was the $200 million acquisition of American Brass Co. of Buffalo, New York by Outokumpu Copper Oy, a subsidiary of Outokumpu Oy, a Helsinki, Finland mining and metals company. The parent company is 57.5 percent owned by the Government of Finland. American Brass Co. produces copper, brass, bronze, and other copper-base alloy products.

The third largest investment was an equity increase. NKK Corp., Japan’s second largest steel producer, raised its holdings in National Steel Corp., the sixth largest steel company in the United States, to 70 percent from 50 percent with a $147 million purchase of additional shares. The initial $292 million acquisition of National Steel by NKK Corp. took place in 1984.

There were nine acquisitions, which accounted for more than one-third of the investment transactions identified. The other primary forms of investment were five joint ventures, five new plants, and four equity increases.


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In 1990 two subsectors accounted for 84 percent of the investment transactions. Fifteen investments were made in the steel industry (SIC 331) and six investments were made in the area of rolling, drawing, and extruding of nonferrous metals (SIC 335). Pennsylvania was the site for the largest number of investment transactions - six. Kentucky and Ohio each had three transactions, while California, Indiana, and New York had two transactions apiece.

One particular investment transaction in this sector, although not foreign direct investment, was noteworthy in 1990. That was the agreement by Titanium Metals Corp. of America (Timet) with Toho Titanium Co. Ltd. of Japan and its major stockholders, Nippon Mining Co. Ltd. and Mitsui & Co. Ltd. This agreement provides for the financing, design, and construction of an elemental titanium sponge plant, which would use vacuum distillation technology, at Timet’s Henderson, Nevada facilities. In exchange for $70 million in financing, the Japanese companies have an option to acquire 25 percent of Timet’s common stock. Timet is the world’s largest producer of titanium.

Fabricated Metal Products (SIC 34) -- In 1990, the number of foreign direct investment transactions in the fabricated metal products sector declined 24 percent from that of the previous year. Sixteen completed investment transactions were identified; 10 of them had a total value of $1.1 billion., more than twice the 1989 value figure.

Japan, as in the previous six years, was the primary source country for investors in this industry, accounting for five transactions, more than 30 percent of the total investment identified. Germany was in second place with three transactions and Finland and Italy placed third with two transactions apiece.

The three largest transactions in this industry were all acquisitions, and they accounted for about 80 percent of the total industry value. The first transaction was Tomkins PLC’s $550 million acquisition of Philips Industries Inc., a Dayton, Ohio manufacturer of products in the building and transportation industries. Tomkins, a London-based industrial management firm, is controlled by Gregory Hutchings. This is the British firm’s largest U.S. acquisition to date. In 1987, Tomkins acquired Smith & Wesson Corp., the Springfield, Massachusetts firearms maker for $112.5 million. A year later Tomkins purchased Murray Ohio Manufacturing Co., a major manufacturer


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of power lawn mowers and bicycles, for $224 million.

The second largest transaction in 1990 was the joint venture acquisition of Vermont American Corp. by Maple Acquisition Corp., which is equally owned by a subsidiary of Robert Bosch Industrietreuhand KG of Stuttgart, Germany and Emerson Electric Co. of St. Louis, Missouri. Vermont American, headquartered in Louisville, Kentucky manufactures and markets a variety of power tools and accessories for industrial and consumer use.

The third largest transaction was the acquisition of Yates Industries Inc., the world’s second-largest manufacturer of electrodeposited copper foil for printed circuit boards, to a partnership of Furukawa Electric Co. Ltd. of Japan and Arbed S.A. of Luxembourg. The transaction had a value of $175 million.

Acquisitions were the leading form of investment in the fabricated metal products sector. There were eight acquisitions as well as three new plants and three plant expansions. The investment transactions were concentrated in three areas: two subsectors, fabricated metal products (SIC 344) and miscellaneous fabricated metal products (SIC 349), each had four transactions, while heating equipment and plumbing fixtures (SIC 343) had three.

Geographically, states in the South and Northeast had more than two-thirds of the foreign investments in this sector. Kentucky was the site of two transactions as was Texas; Maryland, South Carolina, and Virginia had one transaction each. In the Northeast, Massachusetts, New Jersey, New York, and Pennsylvania also had one transaction each.

Industrial Machinery and Equipment (SIC 35) - Foreign investment transactions in the depressed industrial machinery and equipment industry declined by 15 percent in 1990. There were 66 completed transactions with values for 28 of them totaling $1.7 billion, compared with 78 transactions in 1989 with a total value of $3.9 billion.

Investors from three major source countries - Japan, Germany, and the United Kingdom - accounted for 82 percent of the transactions identified in machinery. Japan continued to be the leading investor country with 62 percent of the transactions in this sector. Japanese investors made 41 investment transactions totaling $912 million. The second leading investor country was Germany with eight transactions, followed by the United Kingdom with five.


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A Taiwanese business-govemment consortium was responsible for the largest transaction. The consortium acquired Wyse Technology Inc. for $270 million ($158 million cash plus assumption of $112 million debt). Wyse, based in San Jose, California, manufactures terminals and personal computers. Members of the consortium include Mitac, China Trust, and Grand Pacific Petrochemical, controlled by the Koo family, and USI Far East, a Taiwan Government agency.

Under a belt-tightening program to concentrate on core businesses, Eastman Kodak Company sold its Verbatim Corp. to Mitsubishi Kasei Corp. of Japan for $200 million. This sale was the second largest transaction in this industry. Verbatim, headquartered in Charlotte, North Carolina is a leading manufacturer of computer floppy disks. Mitsubishi Kasei, an affiliate of the Mitsubishi Corp., is a giant industrial inorganic chemical company.

Dataproducts Corp., a Woodland Hills, California manufacturer of data processing equipment, was acquired by two members of the Hitachi Group for $160 million. Hitachi Koki Ltd., a leading maker of power tools and printers, and Nissei Sangyo Company, an electronics equipment trading company, are22.5 percent and 59.6 percent, respectively, owned by Hitachi Ltd.

Acquisitions, which continue to be the favored form of investment, accounted for 48 percent of the total number of transactions. These 32 transactions had an aggregate value of $1.2 billion. There were also six new plants constructed, five plant expansions, three equity increases, two joint ventures, and 18 other transactions.

Geographically, California was the most popular location for foreign investors. The state accounted for almost one-fourth (15 transactions) of the 66 deals recorded in the industrial machinery and equipment sector. The 21 remaining states attracting foreign investors with a significant number of investments included North Carolina (five), Pennsylvania (four), and Tennessee (four).

The most active subsector in the machinery industry was computer peripheral equipment (SIC 3577) with 10 investment transactions. Japanese investors, advancing their drive to take the lead in the computer sector, were the most prominent with seven transactions.

Electric and Electronic Equipment (SIC 36) - Coupled with a downturn in the U.S. economy and with foreign companies’ strategic corporate pursuit to


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gain global market share, investment activity in the electric and electronics sector experienced an increase in the total number of transactions and a decrease of more than 50 percent in total value for 1990. There were 70 transactions identified with a total value of $1.4 billion for 35 of them.

With acquisitions being the primary form of investment, foreign firms were involved in 38 acquisitions or mergers of U.S. electronics companies in 1990. Other modes of investment included 10 new plants, seven in the other category consisting of new outlets, new subsidiaries or new headquarters; six joint ventures; five plant expansions, and four equity increases.

Japanese companies were responsible for the two largest transactions in this sector. The largest transaction involved a stock-swap between two leading companies that manufacture ceramics for high technology. To expand its manufacturing in the United States and in exchange for its American depositary receipts, Kyocera Corp. of Kyoto, Japan acquired all of the outstanding shares of AVX Corp. in a deal worth $620 million. AVX, with headquarters in New York, is the United States’ largest maker of ceramic capacitors. Kyocera is a global manufacturer of technical ceramics for semiconductor equipment and optical instruments.

Kawasaki Heavy Industries Ltd. (Kyoto, Japan) opened a $200 million lawn mower motors plant, Kawasaki Motor Manufacturing (USA) Corp., in Maryville, Missouri.

By country, Japanese investors, eager to gain U.S. market share, were involved in 57 percent of the transactions in electric and electronic equipment. Investing in numerous but smaller scale firms, Japanese companies accounted for 40 transactions and a total value of $1.2 billion. British investors were second with 10 transactions totaling $160 million.

There were 18 transactions in the semiconductor and related devices subsector (SIC 3679), the most active subsector. Japanese companies continue to dominate in semiconductors with 13 transactions. Other subsectors in the electronics area with a notable number of investments included household audio and video equipment (SIC 3651) with eight, telephone and telegraph apparatus (SIC 3661) with five, and electronic components (SIC 3679) with five.

Geographically, foreign companies focused their electronics investments in 18 states with California being the most popular locale, having 19 transactions,


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followed by New York with 11. Other states also known for high technology that had a notable number of investment transactions included Massachusetts (five) and New Jersey, Texas, and Michigan (four each). These six states accounted for 67 percent of the identified transactions.

Transportation Equipment (SIC 37) - During 1990, foreign investment in the transportation equipment industry declined for many of the same reasons that caused the decline in investment in other industries. The economic slowdown in the United States and sluggish conditions abroad were conducive to fewer large investments generally. Most Japanese automotive manufacturers, the major source of the investments in this industry, have completed setting up their U.S. manufacturing facilities. Future investment in this area is expected to consist primarily of plant expansions. Japanese companies commanded more than 28 percent of the U.S. passenger car sales as they continue to move into the luxury end of the market by quickly responding to market changes with their flexible management techniques.

Thirty-five transactions involving foreign investors took place as compared with 31 in 1989. Values for 17 of them totaled $907 million. Although the number of transactions increased by 12 percent, the dollar value was down more than 50 percent.

The largest transaction took place when T&N PLC (formerly Turner and Newall PLC) of the United Kingdom acquired Michigan-based JP Industries, a manufacturer and distributor of automotive engine parts, for $375 million thereby giving it access to JP Industries’ established U.S. distribution network. One other megadeal transaction occurred when Regie Nationale des Usines (Renault), partially owned by the French Government, acquired the remaining 46 percent share of Mack Trucks that it did not already own for $103 million.

As in recent years, motor vehicle parts and accessories (SIC 3714) had the most transactions (23). Japan continues to be the source of most of these transactions (21), while Germany had three. No other country had more than two.

The investment mode favored in this industry was new plants (19). There were also eight expansions of existing plants, six acquisitions/mergers, and two equity increases.

The geographic pattern of investment remained the same as in previous years.


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Most of these investments were located near existing automotive manufacturing facilities, of which Michigan had seven, Ohio had five, and Kentucky had four.

With the European market outlook brightening, investors from Japan are turning their attention to Europe as are other foreign investors in this industry. Nevertheless, Japan’s market share of the U.S. automobile industry is expected to climb upward through both imports and domestic production during the next few years.

Instruments and Related Products (SIC 38) — Smaller industries like the instruments and related products industry are proving to be fertile ground for foreign investors, giving them moderate access and visibility in the United States. The medical and surgical instruments subsector (SIC 384), which has been the primary source of much of this industry’s investments had 10 transactions. However, measuring and control devices (SIC 382) was the largest subsector, with nine transactions representing 69 percent of the value.

There were 25 investments identified in 1990, as compared with 33 for 1989. Of the 25, 14 had a combined value of $1.3 billion, down about 23 percent in value from that identified in 1989.

Investors from Japan had the most transactions (12). However, British investors continue to provide the major share of the dollar value in this industry. Even though the United Kingdom had only four transactions, it represented over half of the value. France and Sweden had two transactions each.

The largest transaction was the acquisition of Foxboro Company of Massachusetts by Siebe PLC of the United Kingdom for $656.4 million. Both are leading manufacturers of automatic control systems. Siebe PLC acquired two other U.S. manufacturers of control devices in 1987 - Barber Coleman for $227 million and the Ranco Company for $150 million.

The transaction with the second highest value took place when Cobe Laboratories Inc., a Colorado medical instruments manufacturer was acquired by a subsidiary of Sweden’s Volvo AB, for $253 million.’ One other transaction of similar value occurred when Anritsu Corp. of Japan acquired Wiltron Corp. of North Carolina for $180 million. Both of these companies produce high frequency instruments for measuring and testing electricity.


-57-

Anritsu is 25 percent controlled by the Nippon Electric Company.

The investment mode used most often was acquisition/merger (17). There were also five new plants, two joint ventures, and one equity increase. Thirteen states had foreign investment in this industry, but except for California with five transactions and New Jersey with four, no other state had more than two.

Air Transportation (SIC 45) - Major changes continued throughout the air transportation industry in 1990. As a result of the political events in the Middle East, airlines were shaken by high fuel prices and reduced traffic due to recession and the threat of terrorism. Unforeseen political and economic circumstances caused major realignments around the world as many of the world’s major air carriers forged links through mergers and acquisitions or joint venture projects.

In the United States, both European and Asian investors were interested in expanding their presence in a rapidly changing market, despite continued public concerns about the issue of foreign control of U.S. airlines, even when foreign investors acquired less than the 25 percent legal limit. In 1990, the number of foreign direct investment transactions in the air transportation sector rose 60 percent over 1989. Ten investment transactions were identified, half of which had a total value of almost $315 million, down 25 percent from the previous year.

The two largest investment transactions, which accounted for most of the total value, were an extension of investment activities in the airlines subsector in1989. The first transaction was the acquisition of a 5 percent equity share in Delta Air Lines Inc. by Singapore Airlines Ltd. The transaction, valued at $183 million, was recorded as an equity increase because Swissair AG had acquired a 5 percent share in the Atlanta, Georgia-based airline the previous year. The investment by Singapore Airlines, which is 54.1 percent held by government-controlled Temasek Holdings (Pte) Ltd. of Singapore, makes Delta Airlines 10 percent-owned by two foreign air carriers.

The second major investment was Scandinavian Airlines System’s (SAS) $106 million equity increase in Continental Airline Holdings Inc. SAS, which is 50 percent-owned by the governments of Denmark, Norway, and Sweden, raised its holdings to 16.8 percent of the equity and 18.4 percent of the voting stock in the Houston-based airline.


-58-

Asian investors accounted for half of the investment transactions m this sector. Japanese investors accounted for three transactions, while investors from Singapore had two. Investors from four European countries, Denmark, France, Germany, and Italy, and also from New Zealand, accounted for the remaining transactions. Companies owned or controlled by the governments of six European countries made four investments. The countries included Denmark, France, Germany, Italy, Norway, and Sweden.

Five investment transactions were in the other category, which included, among other investments, new subsidiaries, new terminals, and new air cargo facilities. There were also three equity increases and two acquisitions.

Six transactions were in the scheduled air transportation subsector (SIC 4512), while three transactions were in the airports, flying fields, and airport terminal services subsector (SIC 4581). The remaining transaction was in the nonscheduled air transportation subsector (SIC 4522).

Geographically, the investments in this sector were located in eight states. California and Texas had the most with two each. The remaining investment transactions were located in Alaska, Georgia, Hawaii, Louisiana, New York, and Oregon.

Communications (SIC 48) — The U.S. communications industry has become increasingly attractive to foreign investors in recent years, and 1990 was the year that some foreign companies made large investments in order to secure a place in the growing U.S. market. Investment in this sector increased 44 percent over 1989. There were nine investment transactions identified, values for three of which totaled $1.9 billion.

Two transactions accounted for almost 99 percent of the total value identified. The largest investment was the $1.5 billion acquisition of 20 percent of McCaw Cellular Communications Inc. by British Telecommunications PLC. McCaw, a Kirkland, Washington-based firm, is the largest cellular telephone company in the United States. British Telecom, which is 48 percent government-owned, runs about 95 percent of its country’s telecommunications services. This was the second major U.S. acquisition in two years by this London-based firm. In 1989, it acquired McDonnell Douglas Network Systems Co., including the Tymnet data communications network, for $355 million.


-59-

British Telecommunications also accounted for the second largest transaction in this sector. This investment, valued at $395.2 million, was the British firm’s share of McCaw Cellular Communications Inc.’s $3.8 billion equity increase in Lin Broadcasting Corp., a New York-based cellular telephone company.

Investors from seven source countries were represented in this sector. France and the United Kingdom, the two primaiy source countries, each accounted for two transactions. Australia, Canada, Japan, Portugal, and South Korea accounted for the remaining investment transactions. Two-thirds, or six, of the investment transactions were made by companies owned or controlled by the governments of Australia, France, Germany, Portugal, Spain, and the United Kingdom.

Two subsectors had most of the foreign investment. The telephone communications subsector (SIC 481) had six transactions, while the cable/pay television subsector (SIC 484) had two transactions. The two primary forms of investment were acquisitions (four) and joint ventures (two).

Investments in the communications industry were widespread geographically. The District of Columbia had two transactions, while seven states had one transaction each. They were California, Delaware, Hawaii, New York, Tennessee, Texas, and Washington.

Finance. Insurance, and Real Estate (SIC 60. SIC 61. SIC 62. SIC 63. SIC 64. SIC 65. SIC 67) -- In 1990, for the second consecutive year, foreign investors continued to invest record amounts in the U.S. finance, insurance, and real estate industry. The value of foreign investment transactions increased to $7.0 billion from $5.0 billion in 1989. Of the 52 investment transactions in 1990, values were reported for 22, compared with 40 transactions of which 25 had known values in 1989. The $7.0 billion investment total for the finance, insurance, and real estate industry represented the third largest total among U.S. industries. Only motion pictures (SIC 78) and chemicals and allied products (SIC 28) reported greater foreign investment value in 1990.

As in 1989, foreigners invested heavily in the U.S. insurance carriers industry. Of the 10 reported foreign transactions in the insurance carriers industry, five reported values totaling $4.3 billion. In 1989, by comparison, there were seven transactions, six of which had a reported combined value of $1.6 billion.


-60-

The single largest foreign transaction in the finance, insurance, and real estate sector occurred with the purchase of Fireman’s Fund Insurance Co. of Novato, California by Allianz AG of Germany for $3.3 billion. This acquisition was the second largest foreign investment transaction in any U.S. industry in 1990. The second major insurance carriers industry transaction was the purchase of General Casualty Co. of Sun Prairie, Wisconsin by Winterthur Swiss Insurance Co. of Switzerland for $630 million. Together, the Fireman’s Fund and General Casualty transactions accounted for 90 percent of the reported total value of foreign investment in the U.S. insurance carriers industry in 1990.

Willis Faber of the United Kingdom acquired Corroon and Black Corp. (SIC 64 - insurance agents, brokers, and service sector), headquartered in New York City for $778 million. The Willis Faber transaction ranked as the second largest foreign acquisition (after Fireman’s Fund) in the U.S. finance, insurance, and real estate industry.

Hotels and Other Lodging Places (SIC 70) -- Foreign investment in the U.S. hotels and lodging places industry declined 25.3 percent to $3.7 billion in 1990 in spite of two major foreign acquisitions, Motel 6 ($1.3 billion) and Pebble Beach Co. ($800 million).

In 1990, there were 39 foreign investments in the U.S. hotels and other lodging places industry. Of these, 31 reported transaction values totaling $3.7 billion. By comparison, there were 50 transactions in 1989 with reported values for 41 transactions equaling $5.0 billion.

Japanese investors accounted for 31 of the 39 foreign hotel and lodging investments (79.5 percent), further increasing their share of the foreign direct investment in the industry. In 1989, Japanese investors were responsible for 34 of 50 hotel industry investments (68.0 percent). Of the other eight investment transactions in 1990, no single country had more than one investor. However, a French investor made the single largest acquisition, paying $1.3 billion to purchase the Motel 6 chain. Of the $3.7 billion invested in 1990, Japanese investments amounted to $2.3 billion (61.8 percent). The investment from France of $1.3 billion equaled 35.1 percent.

Individually, the largest transactions made during 1990 were the acquisition of the Motel 6 chain, headquartered in Dallas, Texas, bought by Accor SA of France for $1.3 billion; the Pebble Beach Co. in Pebble Beach, California, acquired by Minoru Isutani of Japan for $800 million; and the Westin Maui


- 6 1 -

in Maui, Hawaii, purchased for $261.5 million by Kentaro Abe of Japan.

More than half of the 39 foreign transactions in the U.S. hotel and lodging industry occurred in either California (14) or Hawaii (eight). In keeping with their historical pattern of concentrating their investments in Hawaii and on the West coast, Japanese investors were responsible for all 22 hotel and lodging investments in these two states. Japanese investors also made seven other hotel and lodging investments throughout the United States. No other country had investors that made more than one investment in the U.S. hotel and lodging industry.

Motion Pictures (SIC 78) -- Foreign investment in the high-profile motion pictures industry has attracted a great deal of attention and publicity. Some well-known motion picture production companies in the United States have formed alliances with foreign companies. Foreign investors have come up with some innovative ways to invest in this industry. In some cases, they have financed the production of movies directly in order to gain distribution rights to the finished product for their home base. In others they have bought studios outright, providing American producers with badly needed financing. Some of the largest transactions to take place in 1990 were in the motion picture industry.

Although there were only 12 transactions identified, seven had a combined value of $9.4 billion. In 1989, there were 14 transactions with values for 10 of them in the amount of $5.5 billion. Even though the number of investments this year declined by two, the value increased nearly 70 percent. Two transactions were recorded in excess of $1 billion each.

Investors from Japan completed seven transactions and investors from the United Kingdom had two. Belgium, Italy, and Korea had one each. Japan and Italy’s investments of $7.5 billion and $1.4 billion, respectively, were 95 percent of the value.

The acquisition of MCA Inc., a California diversified motion picture producer, by Matsushita Electric Industrial Company of Japan for $7.5 billion was the largest transaction this year. The second largest in this industry was also an acquisition. After experiencing many delays in obtaining financing, Italian businessman Giancarlo Parretti and others bought MGM/UA Communications Company, also of California, for $1.4 billion.


-62-

TWO other noteworthy transactions took place in this industry. A Japanese consortium formed a $200 million company, Media International Corp., in California for motion picture production and sports programming. And Fox Inc. sold its Deluxe Film Lab to British Rank Organization PLC for $150 million. Deluxe Film is one of the largest film processing companies in the United States.

Nine of the investments were in the acquisition/merger category. Another three were in the new subsidiary category. California and New York received most of these investments, seven and three, respectively.

Real Property -- The value of foreign direct investment transactions in the United States real property sector declined by nearly $1 billion (22.4 percent) to $3.3 billion in 1990, from $4.3 billion in 1989. However, the number of identified transactions increased to 109 in 1990 from 89 a year earlier. Activity in the real property sector continued lively, except for the high- profile, extremely costly realty acquisitions that were popular with foreign investors during the late 1980s. Purchases of agricultural land and individual residential real estate units are not included in this report.

Maintaining their optimistic attitude toward investing in U.S. real property, the Japanese, for the sixth consecutive year, were the dominant foreign investors in U.S. commercial real estate. Of the 109 transactions in 1990, Japanese investors accounted for 50 transactions (46 percent), an increase over their 1989 share of 36 out of 91 transactions (40 percent). However, the Japanese share of the total value of real property transactions declined to 71 percent ($2.4 billion) in 1990 from 76 percent ($2.6 billion) a year earlier.

Except for a single investment from Ireland, all the major transactions of $100 million or more in this sector in 1990 came from Japan. The major transactions were 1,340 acres of commercial land in Vallejo, California bought by Mishawa Homes Co. of Japan for $338 million; the Aventine Center in San Diego, California, developed by Shimizu Construction Co. Ltd., TSA Development Co. Ltd., and Nissho Iwai Corp., all Japanese, for $200 million; office buildings in Peachtree Center in Atlanta, Georgia, purchased by Nippon Life Insurance Co. of Japan for $166 million; and San Francisco Center in San Francisco, California, bought by Robin Power of Ireland for $131 million.

Investors from the United Kingdom ($155 million) and Sweden ($153 million) were the second and third biggest foreign sources for U.S. real property in


-6 3-

1990, replacing investment from Australia and Singapore, which were the second and third largest source countries in 1989.

In 1990, geographic concentration of foreign investment in the U.S. real estate sector became even more concentrated. Four states, California, Texas, Hawaii, and Florida, accounted for 82 of the 109 (75.2 percent) foreign real estate investments. California (29) and Texas (28), the states selected most often by foreign realty investors, together accounted for more than half (52.3 percent) of all real property transactions. Hawaii (13) and Florida (12) were the third and fourth most selected states. As a group, these four states accounted for 81.7 percent of the total value of foreign direct investment transactions in U.S. commercial real estate in 1990. By comparison, geographic concentration in 1989 was in five states: Texas (23 transactions), California (15), Hawaii (10), Florida (nine) and Oregon (nine), accounting for72.5 percent of the total value.

Maintaining their past investment pattern, Japanese real estate investors continued to concentrate their realty acquisitions in California and Hawaii. In 1990, 21 out of 29 foreign real property investments in California were Japanese. Of the 13 direct real estate investments in Hawaii, 12 were Japanese. Of the 42 foreign real estate investments in California and Hawaii,33 (78.6 percent) were Japanese.



APPENDIX A

LISTING OF INVESTMENT TRANSACTIONS

BY

STANDARD INDUSTRIAL CLASSIFICATION (SIC)



1990 FOREIGN INVESTMENTS, COMPLETED, BY SIC

SIC US FIRM NAME LOCATION TS FOREIGN INVESTOR NA TY VALUE ($ MILLION)

0172 WYCKOFF'S SNIPES VINEYARDS SEATTLE WA SAPPORO BREWERIES LTD JA AM0174 INDIAN RIVER'S GRAPEFRUIT PLANT VERO BEACH FL TOSHOKU LTD JA AM 2.00182 SAKATA SEED CORP YUMA AZ SAKATA SEED CORP JA OT0212 DENVER BUFFALO CO DENVER CO TOKYO GENERAL CORP JA JV0214 OLSEN,J PERRY RANCH VAIL CO LINDHOLM,MAGNUS SW AM 8.81031 WESTERN ZINC ENGLEWOOD CO MITSUI MINING & SMELTING CO LTD JA JV1041 CASTLE MOUNTAIN PROJECT HART CA VICEROY GOLD CORP CA OT 2.01041 FREEPORT-MCMORAN GOLD CO ELKO NV OPPENHEIMER, HARRY F SO AM 705.01041 MINORCO USA DENVER CO OPPENHEIMER, HARRY F SO OT1094 MALAPI RESOURCES CO PHOENIX AZ FRANCE, GOVERNMENT OF FR AM 38.01212 BLACK DIAMOND COAL MINE BLACK DIAMOND WA UNIDENTIFIED INVESTORS JA AM 7.01212 PEABODY HOLDING CO ST LOUIS MO HANSON PLC UK El 703.61212 WISHBONE HILL SEWARD AK IDEMITSU KOSAN CO LTD JA OT 40.01221 TRITON COAL'S BUCKSKIN MINE GILLETTE WY ROYAL DUTCH SHELL GROUP NL NP1311 AMOCO/JAPEX JOINT VENTURE GULF OF MEXICO LA JAPAN f GOVERNMENT OF JA JV 15.01311 ARAN ENERGY CORP HOUSTON TX ARAN ENERGY PLC El OT1311 BG EXPLORATION AMERICA INC HOUSTON TX BRITISH GAS PLC UK OT1311 EDISTO RESOURCES CORP DALLAS TX SCOTTISH AMICABLE INVEST MGRS LTD ET AL UK AM 4.21311 HURL STATE PROJECT PRUDHOE BAY AK BRITISH PETROLEUM CO PLC UK OT1311 JAPEX GULF OF MEXICO EXPLORATION INC HOUSTON TX JAPAN, GOVERNMENT OF JA OT1311 OIL LEASES GULF OF MEXICO LA ITALY, GOVERNMENT OF IT AM 5.51311 OIL LEASES GULF OF MEXICO LA ROYAL DUTCH SHELL GROUP NL AM1311 OIL LEASES GULF OF MEXICO LA BRITISH PETROLEUM CO PLC UK AM 15.11311 OIL LEASES GULF OF MEXICO LA JAPAN, GOVERNMENT OF JA AM1311 PRC TECHNOLOGIES INC DALLAS TX CASPEN PLC UK AM1311 SEAGULL ENERGY CORP'S JOINT VENTURE GULF OF MEXICO TX AMPOL EXPLORATION LTD AS JV1311 TRITON ENERGY CORP DALLAS TX BRIERLEY, RONALD A ET AL NZ El1311 UNIVERSE GAS & OIL CO INC NEW YORK NY JAPAN t GOVERNMENT OF JA AM1321 GAS HANDLING FACILITIES PRUDHOE BAY AK BRITISH PETROLEUM CO PLC UK JV 556.61381 DUAL DRILLING CO DALLAS TX MOSVALD SHIPPING A/S NO AM 170.01381 GLOBAL MARINE INC HOUSTON TX NORSK VIKINGOLJE NO El 7.21381 READING & BATES CORP HOUSTON TX BLYSTADr THOMAS ET AL NO AM1389 ALLISON-MCDERMID INC BROWNSVILLE TX KEPPEL GROUP, THE SN AM 6.01389 WESTERN CO OF NORTH AMERICA FORT WORTH TX AKSJEFONDET NORFUND-PLUSS NO El 11.51429 NIAGARA STONE CORP NIAGARA FALLS NY STEETLEY PLC UK AM 17.51442 STANDARD SLAG CO ET AL YOUNGSTOWN OH LAFARGE COPPEE SA FR AM 91.41474 TENNECO SODA ASH JOINT VENTURE CO GREEN RIVER WY ASAHI GLASS CO LTD JA JV 100.01542 MCDEVITT & STREET

AU'S PLUMBING & METAL WORK INCCHARLOTTE NC BOVIS CONSTRUCTION CO UK AM 52.0

1711 HONOLULU HI TAISEI ONCHO KOGYO CO JA AM2011 FUJI FOODS US INC DENVER CO SEIBU GROUP JA NP 6.02011 NICHIREI SEATTLE WA NICHIREI CORP JA OT2011 UNIDENTIFIED BEEF PACKING PLANT DENVER CO FUJI SHOKUHIN CO LTD JA AM 3.32013 BEST WESTERN FOODS INC LOS ANGELES CA KYOTARU CO LTD JA AM 41.52013 REDONDOS SAUSAGE FACTORY INC WAIPAHU HI NIPPON MEAT PACKERS JA AM 7.02015 HENNINGSEN FOODS INC WHITE PLAINS NY QP CORP JA AM 12.02022 UNIVERSAL FOODS * STELLA CHEESE DIV PERU IN R T HOLDING SA BE AM2032 WYNDHAM FOODS INC SAN FRANCISCO CA PRESIDENT ENTERPRISES CORP TW AM 335.02034 FEATHER RIVER FOODS INC

B&W CANNING'S JUICE PROC PLANTMARYSVILLE CA SHOEI FOODS CORP JA AM 2.7

2037 GROVELAND FL UNIDENTIFIED JAPANESE INVESTORS JA AM 4.02038 PILLSBURY CO MURFREESBORO TN GRAND METROPOLITAN PLC UK PE



SIC US FIRM NAME

2038 PILLSBURY CO2046 ST LAWRENCE STARCH CO LTD2062 PHILIPP BROTHERS' SUGAR BUSINESS2064 MEI’S CALIFORNIA PEANUT CO2064 RJR NABISCO'S CANDY BUSINESS2075 NICHII CO2079 AARHUS INC2082 EDEN BREWING CO2082 MOLSON BREWERIES USA INC2082 SAPPORO VINEYARDS USA INC2084 CHALONE INC2084 HAYWOOD WINERY2086 ITO-EN CO2086 PREMIUM BEVERAGES INC2087 CONTINENTAL FLAVORS & FRAGRANCES INC 2087 KAGOME USA2092 NIPPON SUISAN2092 ORCABAY SEAFOODS INC2095 HILLS BROS COFFEE CO2099 HERCULES' PURE CULTURE PRODUCTS2099 INDIAN SUMMER INC2273 HORIZON INDUSTRIES INC2296 KOKOKU STEEL CORD CORP2297 AMOCO NISSEKI CLAF INC2297 JAMES RIVER'S NONWOVER PRDTS DIV2321 CLUETT PEABODY'S DIV2329 WARNACO GROUP INC2335 CARMELO POMODORO CO2342 NCC INDUSTRIES INC2389 MASQUERADE INTL INC2399 DIANA DOLLS FASHIONS2431 DI GIORGIO CORP BILTBEST WINDOWS2452 PLUM CREEK REMANUFACTURING JOINT VENTURE2511 DUTAILIER INC2511 VALCO WOOD PRODUCTS CO2531 JOHNSON CONTROLS/TACHI-S CO VENTURE2621 GOLDEN STATE NEWSPRINT CO2621 JAMES RIVER CORP'S PAPER MILL2653 BOISE CASCADE CORP'S PLANTS (2)2653 LONGVIEW FIBER CO'S PLANT2672 AMERICAN TAPE CO2674 PRESCOTT PAPER CO2677 NORTH RIVER MANUFACTURING CO2711 DAILY RECORD2711 ISLANDER2711 JAPAN TIMES WEEKLY INTERNATIONAL2711 NATIONAL, THE2711 NEW JOURNAL ET AL2711 SENTINEL STANDARD ET AL2721 AMERICAN PHOTO

LOCATION

WELLSTONDECATURNEW YORKRICHMONDATLANTARALSTONPORT NEWARKEDENRESTONSEATTLESAN FRANCISCOSONOMAHONOLULUWYQMISSINGBREALOS BANOS

SEATTLESUFFOLKHUTCHINSONCROSSVILLECALHOUNSCOTTSBURGATLANTAGREENVILLEWEST POINTLOS ANGELESNEW YORKCORTLANDSAN DIEGOWILLS POINTSTE GENEVIEVESPOKANEMARTINSVILLEMALONELEWISBURGPOMONABOSTONMILFORDLOS ANGELESMARYSVILLEOGDENSBURGWATERTOWNSAN MARCOSSANTA CATALINALOS ANGELESNEW YORKMANSFIELDIONIANEW YORK

TS FOREIGN INVESTOR NA TY

OH GRAND METROPOLITAN PLC UK PEIL ST LAWRENCE STARCH CO LTD CA NPNY GRAND METROPOLITAN PLC UK AMCA EZAKI GLICO CO LTD JA AMGA NESTLE SA SZ AMIA NICHII CO LTD JA NPNJ AARHUS OLIEFABRIK A/S DA NPNY EDEN SPRINGS BREWING CO CA NPVA MOLSON COS LTD CA OTWA SAPPORO BREWERIES LTD ET AL JA JVCA BARON ERIC DE ROTHSCHILD FR ElCA RACKE INTL GE AMHI ITO-EN CO LTD JA NPPA BRONFMAN FAMILY CA AMCA FRANCE, GOVERNMENT OF FR AMCA KAGOME CO LTD JA NPAK NIPPON SUISAN KAISHA LTD JA NPWA TOKUSUI CO LTD JA AMVA NESTLE SA SZ PEMN BURNS, PHILIP & CO LTD AS AMTN NAKANO VINEGAR CO LTD JA NPGA BEAULIEU TERLEMBEEK BE AMIN KOBE STEEL LTD ET AL JA NPGA NIPPON OIL CO LTD JA JVSC HOLZSTOFF HOLDING AG SZ AMGA BIDERMANN SA FR AMCA ROBERT STEPHEN HOLDINGS LTD UK AMNY TAKASHIMAYA CO LTD JA JVNY SPIESSHOFER, GUENTHER GE ElCA ARAI SHOJI CO LTD JA AMTX DIANA DOLLS FASHIONS CA NPMO HANSON PLC UK AMWA SUMITOMO CORP JA JVVA DUTAILIER INC CA NPNY VALCO FURNITURE LTD CA NPTN TACHI-S CO LTD JA JVCA SMURFIT FAMILY El AMMA TEMBEC INC CA AMCT SMURFIT FAMILY El AMCA TOMOKU CO LTD & MITSUBISHI CORP JA AMMI STC INC KS AMNY PRESCOTT PAPER CO CA OTNY REICHMANN FAMILY CA PETX BLACK, CONRAD CA AMCA INDEPENDENT NEWSPAPERS LTD NZ AMCA JAPAN TIMES CO LTD JA OTNY AZCARRAGA-MILMO, EMILIO MX JVOH THOMSON, KENNETH R CA AMMI BLACK, CONRAD CA AMNY LAGARDERE, JEAN-LUC & FILIPACCHI, DANIEL FR PE

VALUE($ MILLION)

58.0370.0

3.515.0 2.9

140.0

19.6

20.065.42.3

35.0

60.0

175.0410.0 10.0

2.0

1.51.35.0

95.050.0

26.0 60.0

5.1

100.0270.0

4.0

Ia\001


SIC

27212721272127212721272127212721272127212721272127212731273127312731273127322741275227522752275927592761277128132816281928192819281928192819281928192821282128212821282128212821282128212821282128242824


US FIRM NAME LOCATION TS FOREIGN INVESTOR NA TY

CALIFORNIA LOS ANGELES CA PACKER, KERRY AS ElCCCP/USSR REPORT RESTON VA USSR, GOVERNMENT OF UR JVFINANCIAL PLANNING ATLANTA GA THOMSON, KENNETH R CA AMGOLF INDUSTRY NORTH MIAMI FL STERLING PUBLISHING GROUP PLC UK AMGOURMET RETAILER, THE NORTH MIAMI FL STERLING PUBLISHING GROUP PLC UK AMINTERVISUAL ADVERTISING JACKSONVILLE FL INTERVISUAL ADVERTISING LTD UK OTNEW ENGLAND FARMER ST JOHNSBURY VT MARINYA MEDIA P/L AS AMPACIFIC MEDIA GROUP INC SEATTLE WA UNITED NEWSPAPERS PLC UK AMSAIL DES MOINES IA REED INTERNATIONAL PLC UK AMSOAP OPERA DIGEST NEW YORK NY NEWS CORP LTD, THE AS AMSOUND & IMAGE NEW YORK NY LAGARDERE, JEAN-LUC & FILIPACCHI, DANIEL FR OTSPY NEW YORK NY SAATCHI,CHARLES UK AMTENNIS INDUSTRY NORTH MIAMI FL STERLING PUBLISHING GROUP PLC UK AMCINEBOOKS INC EVANSTON IL NEWS CORP LTD, THE AS AMHOUGHTON MIFFLIN'S BUSINESS PUBLICATIONS BOSTON MA MAXWELL, ROBERT UK AMJ B LIPPINCOTT CO PHILADELPHIA PA WOLTERS KLUWER NV NL AMTHORNDIKE UNITY ME MAXWELL, ROBERT UK AMUNIVERSE BOOKS INC NEW YORK NY RIZZOLI SPA IT AMTOPPAN PRINTING CO LOS ANGELES CA TOPPAN PRINTING CO LTD JA OTMARTINDALE-HUBBELL INC NEW PROVIDENCE NJ REED INTERNATIONAL PLC UK AMDATA DOCUMENTS SYSTEMS INC INDUS AIRPORT KS NITTO DENKO CORP JA AMPANEL PRINTS INC OLD FORGE PA LAIRD GROUP PLC UK AMPHIPPS PRESS INC FREEPORT NY SOBEY FAMILY CA AMAMERICAN BANK STATIONERY CO BALTIMORE MO MB GROUP PLC UK AMTECHNICAL BUSINESS FORMS POMPANO BEACH FL CALDERA, ALBERTO VE NPESSELTE BUSINESS SYSTEMS INC GARDEN CITY NY ESSELTE AB SW ElX-PRESS CARDS NORTH MIAMI FL STERLING PUBLISHING PLC UK AMUGI'S CARBON DIOXIDE PRODUCTS PLANT BAYPORT TX HOECHST AG GE AMPFIZER PIGMENTS INC NEW YORK NY HARRISONS & CROSFIELD PLC UK AMATOCHEM NORTH AMERICA INC PHILADELPHIA PA FRANCE, GOVERNMENT OF FR NPBP CHEMICALS AMERICA'S (BAREX DIV) LIMA OH UNITED KINGDOM, GOVERNMENT OF UK PEFILTROL CORP LOS ANGELES CA AKZO NV NL AMGAF CORP'S SPECIALTY CHEMICAL DIV WAYNE NJ FRANCE, GOVERNMENT OF FR AMHENLEY GROUP INC HAMPTON NH ABOUKHATER, TOUFIC LE AMHOECHST CELANESE CORP PORTSMOUTH VA HOECHST AG GE PEINTEROX AMERICA DEERPARK TX SOLVAY & CIE, ET AL BE PETENNESSEE CHEMICAL CO COPPERHILL TN TRELLEBORG AB SW AMARISTECH CHEMICAL CORP PITTSBURGH PA MITSUBISHI CORP ET AL JA AMATC INC NASHVILLE TN UBE INDUSTRIES LTD ET AL JA NPCIBA GEIGY CORP MCINTOSH AL CIBA GEIGY LTD SZ NPDIANAL AMERICA INC HOUSTON TX MITSUBISHI RAYON CO LTD JA NPEMERY GROUP CINCINATTI OH HENKEL KGAA GE PEGOLDSCHMIDT CHEMICAL CO HOPEWELL VA GOLDSCHMIDT AG GE PEHIMONT INC BAYPORT TX FERRUZZI GROUP IT NPHIMONT INC WILMINGTON DE FERRUZZI GROUP IT ElKLEERDEX CO BRISTOL PA SEKISUI CHEMICAL CO LTD JA AMMOBAY CORP BAYTOWN TX BAYER AG GE PESHINTEC INC FREEPORT TX SHIN-ETSU CHEMICAL CO LTD JA PEFORMOSA PLASTICS CORP HOUSTON TX FORMOSA PLASTICS GROUP TW PEHOECHST CELANESE FIBER & FILM CHARLOTTE NC HOECHST AG GE OT


SIC

28332833283428342834283428362841284128412841284128422842284428442844285128612865286528652869286928692869287928912891289128912892289528992899291129113011302130523053308130863087308730893089308930893089



ALPHA THERAPEUTIC CORP LOS ANGELES CA GREEN CROSS CORP, THE JA PEWAKO CHEMICALS USA INC CHESTERFIELD VA TAKEDA CHEMICAL INDUSTRIES LTD JA PEBHC BISHOP TX HOECHST AG ET AL GE PEERBAMONT INC STAMFORD CT FERRUZZI GROUP IT ElGENENTECH INC SAN FRANCISCO CA HOFFMANN LA-ROCHE FAMILY SZ AMRORER GROUP INC FT WASHINGTON PA FRANCE, GOVERNMENT OF FR AMAGRION CORP DES MOINES IA BAYER AG GE AMAMERICAN CYNAMID'S HOUSEHOLD PRDTS WAYNE NJ HENKEL KGAA GE AMECOLAB INC ST PAUL MN HENKEL KGAA GE AMHENKEL CORP CINCINNATI OH HENKEL KGAA GE JVSMITHKLINE BEECHAM S NO AMERICA HHOD/PDT ROCKWOOD MI BENCKISER GMBH , JOH A. GE AMUNION CARBIDE S DETERGENT DIVISION DANBURY CT HOECHST AG GE AMAMERICAN HOME'S BOYLE-MIDWAY DIV NEW YORK NY RECKITT & COLEMAN PLC UK AMPIONEER/ECLIPSE CORP SPARTA NC AMANO CORP JA AMANDREW JERGENS CO CINCINNATI OH KAO CORP JA PECASWELL MASSEY CO LTD NEW YORK NY HSU, PETER HK AMTAMBRAND'S PHYSICIANS FORMULA COSMETICS CITY OF INDUSTRYCA PIERRE FABRE SA FR AMDESOTO INC'S INDUSTRIAL COATING DIV BERKELEY CA COURTAULDS PLC UK AMBASF CORP FREEPORT TX BASF AG GE PEBASF STRUCTURAL MATERIALS INC ROCK HILL NC BASF AG GE PEKALAMA CHEMICAL INC SEATTLE WA B.C. SUGAR REFINERY LTD CA ElSOFIX CORP CHATTANOOGA TN YAMADA CHEMICAL CO ET AL JA NPAIR PRODUCTS & CHEMICALS HOUDRY DIV ALLENTOWN PA SUED CHEMIE GE AMHARDWICKE CHEMICAL CO ELGIN SC MTM PLC UK AMHOECHST CELANESE CORP BAY CITY TX HOECHST AG GE NPNEWPORT COMPOSITES INC SANTA ANA CA MITSUBISHI RAYON CO LTD JA AMBASF CORP GEISMAR LA BASF AG GE PEBLACK & DECKER'S BOSTIK DIV MIDDLETON MA FRANCE, GOVERNMENT OF FR AMNEWPORT ADHESIVES INC FOUNTAIN VALLEY CA MITSUBISHI RAYON CO LTD JA AMTHREE BOND CO CINCINNATI OH THREE BOND CO LTD JA NPUNITED TECHNOLOGIES' GLOBAL AUTO SEALING HARTFORD CT BTR PLC UK AMATLAS POWDER CO DALLAS TX IMPERIAL CHEMICAL INDUSTRIES PLC UK AMATOCHEM NORTH AMERICA INC PRYOR OK FRANCE, GOVERNMENT OF FR NPBASF CORP MONACA PA BASF AG GE PEWELLA CORP RICHMOND VA WELLA AG GE PECITGO PETROLEUM CORP DALLAS TX VENEZUELA. GOVERNMENT OF VE ElSTAR ENTERPRISE PORT ARTHUR TX SAUDI ARABIA, GOVERNMENT OF SA PEUNIROYAL GOODRICH TIRE COBLACK & DECKER'S FOOTWEAR MATLS BUS

AKRON OH MICHELIN FAMILY FR AMTOWSON MD UNITED MACHINERY GROUP LTD UK AM

PERAFLEX HOSE INC BUFFALO NY PERAFLEX HOSE INC CA OTCR INDUSTRIES ELGIN IL SKF AB SW AMSOLVAY DEXTER GRAND PRAIRIE TX SOLVAY & CIE SA BE JVFOAMEX PRDTS INC E.PROVIDENCE RI GENERALE DE BELGIQUE SA STE BE AMCUSTOM COMPOUNDING INC ASTON PA HOECHST AG GE AMDYNEPCO INC FLANDERS NJ DAICEL CHEMICAL IND LTD JA PEBASF CANADA INC NJ BASF AG GE NPFINE PACK INCKUHLMAN CORP'S BLOW-MOLDED PLASTICS

FT WAYNE IN CHUO KAGAKU CO LTD JA NPBRISTOL PA SOLVAY & CIE SA BE AM

SOUTH TECH INC TAPPAHANNOCK VA CANON INC ET AL JA NP

TASUS CORP BLOOMINGTON IN TSUCHIYA MFG CO LTD ET AL JA NP


SIC

308931443211321132313231323132313241324132413241324132413241327132723272327232733273327432913312331233123312331233123312331233123313331333153317331733173331335133553357335733573357

1990 FOREIGN INVESTMENTS. COMPLETED. BY SIC


TEELON PACKAGING SC KUREHA CHEMICAL IND CO JA JVPALIZZ10 INC NEW YORK NY FALCHI, CARLOS AR AMAP TECHNOGLASS CO BELLEFONTAINE OH ASAHI GLASS CO LTD JA ElD&A TECHNOLOGY INC MT PLEASANT TN ASAHI GLASS CO LTD JA JVARTISTIC SHOWER DOOR CO INC REDWOOD CITY CA NIFCO INC JA AMHGP INDUSTRIES DALLAS TX CRH PLC El AMKEELER MURAKAMI INC KENTWOOD MI MURAKAMI KAIMEIDO CO LTD JA JVSWAROVSKI JEWELRY US LTD CRANSTON RI SWAROVSKI DANIEL CORP SZ PECALIFORNIA PORTLAND CEMENT CO LOS ANGELES CA ONGDA CEMENT CO LTD JA AMESSROC CORP NEWPORT NEWS VA POILET SA ET AL FR NPHOLNAM INC DUNDEE MI HOLDERBANK FINANCIERE GLARIS AG SZ ElIDEAL BASIC INDUSTRIES INC DENVER CO HOLDERBANK FINANCIERE GLARIS AG SZ ElLAFARGE CORP SEATTLE WA LAFARGE COPPEE SA FR NPPARKER LAFARGE INC HOUSTON TX LAFARGE COPPEE SA FR AMUNITED CEMENT CO ARTESIA MS HOLDERBANK FINANCIERE GLARIS SZ AMBETCO BLOCK & PRODUCTS INC BETHESDA MO CRH PLC El AMEASTERN PRESTRESSED CONCRETE SYSTEMS HATFIELD PA CRH PLC El AMGLORIA ENTERPRISES INC CRH PLC El AMLONE STAR NORTHWEST INC. SEATTLE WA ONODA CEMENT CO LTD JA ElSTANDARD CONCRETE PRODUCTS INC SANTA ROSA CA GENERALE DE BELGIQUE SA BE AMSUPER CONCRETE CORP WASHINGTON OC EVEREO PLC UK AMSCOTTISH HERITABLE INC FAIRFAX VA SCOTTISH HERITABLE TRUST PLC UK OTNORTON CO WORCESTER MA FRANCE, GOVERNMENT OF FR AMALLOY & STAINLESS INC MAKWAH NJ FRANCE, GOVERNMENT OF FR AMAZTEC COATING CO LEIPSIC OH KOBE STEEL LTD JA JVBETHFORGE DIVISION VENTURE BETHLEHEM PA FRANCE, GOVERNMENT OF FR JVBLISS & LAUGHL1N INDUSTRIES INC HARVEY IL STELCO INC CA AMCSC INDUSTRIES INC WARREN OH FRANCE, GOVERNMENT OF FR ElJ&L SPECIALTY PRODUCTS CORP PITTSBURGH PA FRANCE. GOVERNMENT OF FR AMNATIONAL STEEL CORP PITTSBURGH PA NKK CORP JA ElNORTH AMERICAN STAINLESS CARROLLTON KY ACERINOX SA SP JVWHEELING-NISSHIN INC FOLLANSBEE WV NKK CORP JA PECOPPERWELD CORP PITTSBURGH PA FRANCE. GOVERNMENT OF FR ElELKEM METALS CO ALEPPO PA ELKEM A/S NO NPTECHALLOY INC RAHNS PA FRANCE, GOVERNMENT OF FR AMCOPPERWELD CORP SHELBY OH FRANCE, GOVERNMENT OF FR PECOPPERWELD CORP BIRMINGHAM AL FRANCE, GOVERNMENT OF FR NPSEYMOUR TUBING SEYMOUR IN MITSUI & CO LTD ET AL JA NPCOX CREEK REFINING CO CURTIS BAY MD MITSUBISHI METAL CORP JA ElAMERICAN BRASS CO BUFFALO NY FINLAND, GOVERNMENT OF FI AMM C ALUMINUM AMERICA INC COLUMBUS IN ENSHU KEIGOKIN CO LTD JA NPCONEX CABLE INC DUBLIN CA HITACHI CABLE LTD JA JVHITEMP WIRES INC BOHEMIA NY NEK CABLE A/S NO AMSPD MAGNET WIRE CO MORGANTOWN KY SUMITOMO ELECTRIC INDUSTRIES CO LTD JA JVVULKOR INC LOWELL MA SHOWA ELECTRIC WIRE & CABLE CO LTD JA AMALUMINUM DIECASTING CO MIRA LOMA CA UNIDENTIFIED PRIVATE COMPANY CA AMDIEMAKERS INC MONROE CITY MO KANEMATSU CORP JA AMPMX INDUSTRIES IOWA CITY IA POONGSAN METAL CORP KS NPVERMONT AMERICAN CORP LOUISVILLE KY ROBERT BOSCH INDUSTRIETREUHAND KG GE AMGECOM CORP GREENSBURG IN MITSUI MINING & SMELTING CO LTD JA PE


1990 FOREIGN INVESTMENTS, COMPLETED. BY SIC

SIC US FIRM NAME

3432 GARDENAMERICA CORP3433 BROD & MCCLUNG PACE CO 3433 RILEY CONSOLIDATED INC3442 PHILIPS INDUSTRIES INC3443 AHLSTROM PYROPOWER INC3443 BAYLOR TECHNOLOGY3444 ROBERTSON-CECO CORP 3463 GALPERTI MACHINE WORKS 3465 KATAYAMA AMERICAN CO INC 3484 BERETTA USA CORP3494 KAMYR VALVES INC3497 OAK-MITSUI INC3497 YATES INDUSTRIES3499 ALFIT AMERICA INC3519 WARTSI LA DIESEL INC3524 INGERSOLL EQUIPMENT CO INC3532 NATIONAL MINE SERVICE CO3535 CROSS & TRECKER'S ROBERTS CORP3535 FULLER CO3535 HALE SYSTEMS3535 QUANTUM INDUSTRIES3535 SCHAEFER SYSTEM INTL3536 HARRINGTON HOISTS INC 3536 KITO CORP3541 CIN MILACRON'S IND ROBOT BUS3541 DEBUR CORP3541 MITSUBISHI HEAVY IND OF AMERICA3544 AMERICAN PRECISION MACHINERY INC3544 ELBA TOOL CO3545 BUCK-MATSUMOTO CHUCK CO3545 TOSHIBA TUNGALOY MFG INC3546 ACCUROMM USA INC 3552 MELCO INDUSTRIES INC3554 SANDY HILL CORP3555 HARRIS GRAPHICS CORP 3559 CREST ENGINEERING CO LTD 3559 LEPTON INC3559 UNION SPECIAL CORP3559 YAMATO USA3562 BARDEN CORP3562 HOOVER GROUP'S BALL PRDTS DIV3562 MCGILL MANUFACTURING CO3562 NTN CORP3563 MITSUBISHI-DRESSER3564 TLT-BABCOCK INC3565 PACKAGE MACHINERY CO 3571 ALTOS COMPUTER SYSTEMS3571 CONTROL DATA'S MICROGNOSIS INC3571 HITACHI3571 LIBREX COMPUTER SYSTEMS INC

LOCATION TS FOREIGN INVESTOR NA TY VALUE($ MILLION)

CARSON CITY NV JAMES HARDIE INDUSTRIES LTD AS AM 40.0PORTLAND OR SHINKO KOGYO CO LTD JA AM 62.0WORCESTER MA DEUTSCHE BABCOCK AG GE AMDAYTON OH HUTCHINGS, GREGORY UK AM 550.0SAN DIEGO CA A AHLSTROM OY FI PESUGAR LAND TX ROYAL BEGEMAN GROUP NL AMPITTSBURGH PA FRONTERA SA SZ El 40.0HOUSTON TX GALPERTI MACHINE WORKS CORP IT NP 20.0SHELBYVILLE KY KATAYAMA KOGYO CO LTD JA NPACCOKEEK MD FABRICA D'ARMI PIETRO BERETTA SPA IT PE 1.5GLENS FALLS NY A AHLSTROM OY FI AMCAMDEN SC MITSUI MINING & SMELTING CO LTD JA NP 12.0BORDENTOWN NJ FURUKAWA ELECTRIC CO LTD ET AL JA AM 175.0CHESTERFIELD VA ALFIT SCHUBLADEN-FUHRUNGEN GMBH AU NP 3.2CHESTERTOWN MD WARTSILA AB OY FI OTWINNECONNE WI GUTBROD-WERKE GESELLSCHAFT GE AMINDIANA PA CHARTER CONSOLIDATED PLC UK El 21.0LANSING MI SINTOKOGIO LTD JA AM 9.0BETHLEHEM PA FLS INDUSTRIES A/S DA AM 75.0CHARLOTTE NC METSEC PLC UK AM 3.0SANTA ROSA CA METSEC PLC UK AMCHARLOTTE NC FRITZ SCHAEFER GMBH GE OTMANHEIM PA KITO CORP JA AM 7.8LANCASTER PA KITO CORP JA OTCINCINNATI OH ASEA BROWN BOVERI AG SZ AMCHELMSFORD MA SUMITOMO CORP JA AMHOPKINSVILLE TN MITSUBISHI HEAVY IND LTD JA NP 6.0HOPKINSVILLE KY MITSUBISHI HEAVY IND LTD JA PEELBA NY AMADA CO LTD JA AMLOGANSPORT IN MATSUMOTO MACHINE CO LTD JA JVELK GROVE VIL IL TOSHIBA TUNGALOY CO LTD ET AL JA NPLEXINGTON KY FUJI SEIKO LTD ET AL JA OTDENVER CO SAURER-GRUPPE HLDG AG SZ AMHUDSON FALLS NY A AHLSTROM CORP FI AMKENNEDALE TX RHEINSCH-WESTFALISCHES ELEK GE PE 3.0MINNEAPOLIS MN JIDOSHA BUHIN KOGYO CO LTD JA AMMURRAY HILL NJ CANON INC JA AMCHICAGO IL JUKI CO LTD JA AM 95.0LAKEMONT SC YAMATO SEWING MACHINE MFG CO JA OTDANBURY CT FAG KUGELFISCHER GE AM 131.0ERWIN TN TSUBAKIMOTO PREC PRDTS CO LTD JA AM 64.6VALPARAISO IN SKF AB SW AM 135.0MT PROSPECT IL NTN CORP JA OT

MITSUBISHI HEAVY IND LTD JA JVFAIRLAWN OH DEUTSCHE BABCOCK AG GE PESTAFFORD SPGS CT TOKYO AUTOMATIC MACHINERY WORKS LTD JA ElSAN JOSE CA ACER INC TW AM 94.0DANBURY CT CSK CORP JA AMBOSTON MA HITACHI LTD JA OTSAN JOSE CA NIPPON STEEL CORP JA OT 15.0

I

toi



SIC US FIRM NAME LOCATION TS FOREIGN INVESTOR NA TY VALUE

3571 SAMSUNG ELECTRONICS SILICON VALLEY CA SAMSUNG ELECTRONICS CO KS OT

($ MILLION]

3572 INTELLISTOR LONGMONT CO FUJI ELECTRIC CO LTD JA OT 11.03573 EASTMAN KODAK'S VERBATIM CORP CHARLOTTE NC MITSUBISHI CORP JA AM 200.03573 KIMTRON CORP SAN JOSE CA INKEL CORP KS AM3573 PRECISION IMAGE CORP REDWOOD CITY CA GRAPHTEC CORP JA El3573 SOLBOURNE COMPUTER INC LONGMONT CO MATSUSHITA ELEC IND CO LTD JA AM3575 KUBOTA CORP SANTA CLARA CA KUBOTA CORP JA OT3575 SMITH CORONA/ACER SAN FRANCISCO CA HANSON PLC ET AL UK OT3575 SONY CORP OPERATING SYSTEM SAN JOSE CA SONY CORP JA OT3575 WYSE TECHNOLOGY INC SAN JOSE CA KOO FAMILY TW AM 270.03577 BUG CO LOS ALTOS CA BUG CO LTO JA OT3577 DATAPRODUCTS CORP WOODLAND HILLS CA HITACHI LTD JA AM 160.03577 EECO'S MAXISWITCH UNIT TUCSON AZ SILITEK CORP TW AM 1.63577 IRIS GRAPHICS INC BEDFORO MA SCITEX GROUP LTD IS AM 24.03577 KURTA INPUT SYSTEMS PHOENIX AZ MUTOH INDUSTRIES LTD JA AM 13.33577 NAKAMICHI PERIPHERALS CORP CYPRESS CA NAKAMICHI CORP JA OT 10.03577 RECOGNITION EQUIP'S WANO PRDTS DIV IRVING TX SIEMENS AG GE AM 8.83577 TERA MICRO SYSTEMS INC SANTA CLARA CA ASCII CORP JA AM 2.03577 TOSHIBA’S PROCUREMENT & EXPORT DIV SAN FRANCISCO CA TOSHIBA CORP JA OT3577 YAMAZAKI MAZAK FLORENCE KY YAMAZAKI MAZAK CORP JA PE 60.035793579

MITA COPYSTAR AMERICA INC MOUNTAIN COMPUTER INC CAMPBELL

NJCA

MITA INDUSTRIAL CO LTD NISSHO IWAI CORP

JAJA

PEAM

3585 MATSUSHITA REFRIGERATION CO VONORE TN MATSUSHITA ELEC IND CO LTD JA NP3585 MATSUSHITA REFRIGERATION CO MOORESVILLE NC MATSUSHITA ELEC IND CO LTD JA NP 120.03585 MICHIGAN AUTOMOTIVE COMPRESSOR INC SANDSTONE MI NIPPONDENSO CO LTD ET AL JA NP 140.03586 MEGA PUMPS CHARLOTTE NC MEGAPLAST DOSIERSYSTEME GMBH GE OT3589 ALLWASTEfS GUZZLER MFG INC BIRMINGHAM AL POWERSCREEN INTL PLC UK AM 18.03589 ORGANO (AMERICA) INC ATLANTA GA JAPAN ORGANO CO LTD JA OT3594 GEN SIGNAL'S DYNAPOWER/STRATOPOWER DIV WATERTOWN NY KNORR-BREMSE AG GE AM3594 KANZAKI KOKYU MORRISTOWN TN YANMAR DIESEL ENGINE CO LTD JA HP3612 CHLORIDE ELECTRO-NETWORKS DIV CALEDONIA NY CHLORIDE GROUP PLC UK PE 2.03613 MANEK1N CORP OWINGS MILLS MD PARISIENNE D’ENTERPRISES ET DE PART FR OT3621 EATON TECHNOLOGIES INC ANN ARBOR MI HAWKER SIDDELEY GROUP PLC UK AM 63.83621 KAWASAKI MOTOR MFG (USA) CORP MARYVILLE MO KAWASAKI HEAVY IND LTD JA NP 200.03621 ODAWARA AUTOMATION INC TIPP CITY OH ODAWARA ENGINEERING CO LTD JA NP3621 SYBELCO INC MA ORIENTAL MOTOR CO LTD JA AM 4.03623 COMAU PRODUCTIVITY SYSTEMS INC TROY MI FIAT SPA IT El3625 HI-LEX CORP LITCHFIELD Ml NIPPON CABLE SYSTEM INC JA NP3625 NIPPONDENSO PLANTS (2) MARYVILLE TN NIPPON OENSO CO LTD JA NP3629 ELECTRONIC TECHNOLOGY SYSTEMS INC NEW KESINGTON PA ITALY, GOVERNMENT OF IT AM3634 ROBESON INDUSTRIES CORP M1NE0LA NY TANI FUJI MACHINE IND CO LTD ET AL JA AM 2.83635 MATSUSHITA FLOOR CARE CO

WHIRLPOOL'S VACUUM CLEANER PLANTDANVILLE KY MATSUSHITA ELEC INO CO LTD JA JV

3635 DANVILLE KY MATSUSHITA ELEC IND CO LTD JA AM3645 ATON COMPONENTS INC LEITCHFIELD KY OIGAWA ELECTRIC CO LTD ET AL JA NP3651 ACCUSTAR/PHILI PS FARMINGTON HLS Ml NV PHILIPS NL JV3651 EMERSON RADIO CORP NORTH BERGEN NJ F1DENAS INVESTMENT LTD ET AL SZ AM 7.53651 KING INSTRUMENT CO WESTBORO MA OTARI ELECTRIC CO LTD JA AM3651 MATSUSHITA AVIONICS DEVELOPMENT CORP IRVINE CA MATSUSHITA ELEC IND CO LTD JA OT3651 MCINTOSH LABORATORY INC BINGHAMTON NY CLARION CO LTD JA AM 30.03651 PIONEER VIDEO MFG INC CARSON CA PIONEER ELECTRONIC CORP JA PE


SIC

36513651365236613661366136613661366236633663366336693669367236723672367236743674367436743674367436743674367436743674367436743674367436743674367436753678367936793679367936793693369436953699369936993699


US FIRM NAME

SONY ENGINEERING & MFG OF AMERICA TOSHIBA AMERICA CONSUMER PRDTS INC CURB/CAPITOL NASHVILLE MATSUSHITA COMMUNICATION CO NORTHERN TELECOM INC PHONE MATE INC VOICEMAIL INTL INC WANG'S INTECOM INC ANTENNA ELECTRONICS CO DIGITAL'S NETWORK COMM GROUP PANASONIC ADVANCED TV-VIDEO LABS TOSHIBA CORP FBX CORPNOVAR ELECTRONICS CORPAMP/AK20EICO INCKOLLMORGEN'S PCK TECHNOLOGY DIV QUINTEC LAMINATED PRODUCTS ADVANCED MICRO DEVICES’ PLANT CROSSPOINT SOLUTIONS INC EASTMAN KODAK’S PATHTEK DIV EUROPLEX/ADCORINTEGRATED CMOS SYSTEMS CORP INTEL/NMBS DRAMS FABRICATIONS KASEI VIRGINIA CORP KAWASAKI WAFER TECHNOLOGY INC KOMAG INCMOSAIC SYSTEMS INC NMB-RAMTRON CORP SEEQ TECHNOLOGYSIGNAL PROCESSING TECHNOLOGIES SILICONIX INCSPRAGUE TECHNOLOGY'S SEMICONDUCTOR GROUP TEXAS INSTRUMENTS' PHOTO MASK OPER ULVAC JAPAN ZETEX INC AVX CORPINTERCONNECTION PRODUCTS INC DAMON CORP'S ELECTRONICS DIV EECO COMPUTER INC KOLLMORGEN'S ADDITIVE PRDTS DIV NATIONAL MICRONETICS INC POWER SYSTEMS INCGENERAL ATOMICS' APPLIED SUPERCONETICS G.S.W. MFG INC LITERAL CORPCIN MILACRON'S INTL LASER MACHINES GUARDIAN ELECTRIC MFG CO MATSUSHITA'S FACTORY AUTOMATION TECH CNT RANDIX INDUSTRIES

LOCATION TS FOREIGN INVESTOR NA TY

PARK RIDGE NJ SONY CORP JA OTWAYNE NJ TOSHIBA CORP JA OTNASHVILLE TN THORN-EMI PLC UK JVPEACHTREE CITY GA MATSUSHITA ELEC IND CO LTD JA PEVALHALLA NY BELL CANADA CA PETORRANCE CA ASAHI CORP JA ElSANTA CLARA CA ITALY, GOVERNMENT OF IT ElALLEN TX FRANCE, GOVERNMENT OF FR AMFT WORTH TX ALLGON AB SW AMALPHARETTA GA RACAL ELECTRONICS PLC UK AMBURLINGTON NJ MATSUSHITA ELEC IND CO LTD JA OTLEBANON TN TOSHIBA CORP JA PEHAUPPAUGE NY SCANTRONIC HLDGS PLC UK AMBARBARTON OH RTZ CORP PLC UK AMHARRISBURG PA AKZO NV NL JVMILPITAS CA IWATANI INTL CORP JA AMMELVILLE NY HITACHI CHEMICALS CO LTD JA AMANAHEIM CA AKZO NV NL AMSAN ANTONIO TX SONY CORP JA AMSANTA CLARA CA ASCII CORP JA AMROCHESTER NY MITSUI PETROCHEMICAL INDS LTD JA AMATLANTA GA VAN DEPOLL FAMILY UK NPSUNNYVALE CA TOSHIBA CORP JA AMSANTA CLARA CA MINEBEA CO JA JVCHESAPEAKE VA MITSUBISHI KASEI CORP JA NPSANTA CLARA CA KAWASAKI STEEL CORP JA NPMILPITAS CA KOBE STEEL LTD JA AMFREMONT CA SUMITOMO METAL INDUSTRIES LTD JA AMCOLORADO SPRGS CO RAMTRON AUSTRALIA LTD AS JVSAN JOSE CA HUALON MICROELECTRONICS TW AMCOLORADO SPGS CO TOKO INC JA AMSANTA CLARA CA DAIMLER-BENZ AG GE ElWORCESTER MA SANKEN ELECTRIC CO LTD JA AMDALLAS TX TOPPAN PRINTING CO LTD JA AMFREMONT CA ULVAC JAPAN LTD JA OTCOMMACK NY BOWATER PLC UK NPNEW YORK NY KYOCERA CORP JA AMSANTA ANA CA WEARNES BROTHERS LTD SN AMWEST WOOD MA SYSTEM 4 INTL BV UK AMSANTA ANA CA DATAPREP LTD HK AMAQUEBOGUE NY AKZO NV NL AMKINGSTON NY TAE-IL MEDIA CO LTD KS AMBLOOMFIELD CT MINEBEA CO LTD JA AMSAN DIEGO CA TOSHIBA CORP JA AMFINDLAY OH SHINSEI HARNESS INC JA NPSANTA CLARA CA OLIVETTI FAMILY ET AL IT AMINDIANAPOLIS IN 600 GROUP PLC UK AMWOODSTOCK IL LOIKE ELECTRIC IND CO LTD JA AMFRANKLIN PARK IL MATSUSHITA ELEC IND CO LTD JA OT

MA STARLIGHT INTL HK AMDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SIC

37113711371137113711371137143714371437143714371437143714371437143714371437143714371437143714371437143714371437143714372137243728373137313743381238233823382338253825382538253829382938413841384138413841

1990 FOREIGN INVESTMENTS. COMPLETEDr BY SIC

US FIRM NAME LOCATION

HONDA R & D NORTH AMERICA MARYSVILLEMACK TRUCKS INC ALLENTOWNMAZDA RESEARCH & DEVELOPMENT NO. AMERICA FLAT ROCKNISSAN NO AMERICA INC TORRANCEVOLKSWAGEN OF AMERICA DESIGN CENTER LOS ANGELESVOLVO GM HEAVY TRUCK CORP ORRVILLEAMBRAKE CORP ELIZABETHTOWNARVIN SANGO INC MADISONASAHI MOTOR WHEEL CO INC SOMERSETASSOCIATED FUEL PUMP SYSTEMS CORP ANDERSONDOUGLAS AUTOTECH CORP BRONSONFILTEC INC FINLAYIMRA AMERICA INC ANN ARBORINDIANA PRECISION TECHNOLOGY INC INDIANAPOLISINTERNATIONAL CRANKSHAFT INC GEORGETOWNJP INDUSTRIES INC ANN ARBORKANTO SEIKI CO LTD LEW1SBURGKANTUS ENGINEERING CORP (KEC) DETROITKYB INDUSTRIES INC LOMBARDLAMSON & SESSIONS CO CLEVELANDLUCAS SUMITOMO BRAKES INC LEBANONNISSAN MOTOR CORP SMYRNANISTEM CORP CHESAPEAKEORBITAL ENGINE CO USA INC TECUMSEHPURODENSO CO JACKSONTATSUE1 INDUSTRIES KK RUSSELLVILLETG (USA) CORP PERRYVILLETRIDON INC NASHVILLEZUA AUTO PARTS INC GAINESVILLELEARJET CORP WICHITAHOWMET CORP NO. HAVENISHIDA AEROSPACE RESEARCH CENTER FT WORTHIJ HOLDINGS CORP NEW YORKINTERMARINE USA SAVANNAHGENERAL SIGNAL'S NY AIR BRAKE WATERTOWNORTEL CORP ALHAMBRAAIR & WATER TECHNOLOGICES CORP BRANCHBURGFOXBORO CO FOXBOROJOHNSON YOKOGAWA CORP (JYC) NEWMANBIOMAGNETIC TECHNOLOGIES INC SAN DIEGOEPITAXX INC PRINCETONTHREE PHOENIX CO PHOENIZWILTRON CO MORGAN HILLNOVASENSOR FREEMONTTECHNICAL ARTS CORP REDMONDALBION INSTRUMENTS SALT LAKE CITYCD MEDICAL INC MIAMI LAKECOBE LABORATORIES INC LAKEWOOD COCOLIN MEDICAL INSTRUMENTS CORP SAN ANTONIORAMAN TECHNOLOGY INC SALT LAKE CITY

TS FOREIGN INVESTOR NA TY

OH HONDA MOTOR CO LTD JA PEPA FRANCE. GOVERNMENT OF FR ElMI MAZDA MOTOR CORP JA NPCA NISSAN MOTOR CO LTD JA NPCA GERMANY. GOVERNMENT OF GE NPOH AB VOLVO SW PEKY AKEBONO BRAKE INDUSTRY CO LTD JA PEIN SANGO CO LTD JA PEKY NGK INSULATORS LTD ET AL JA PESC NIPPONDENSO CO LTD ET AL JA NPMI FUJI SPINNING CO LTD JA AMOH TOYO ROKI MANUFACTURING CO LTD JA NPMI TOYOTA MOTOR CORP JA NPIN HONDA MOTOR CO LTD ET AL JA PEKY SUMITOMO METAL INDUSTRIES LTD JA NPMI T & N PLC UK AMPA KANTO SEIKI CO LTD JA NPMI NISSAN MOTOR CO LTD JA NPIN TOYOTA MOTOR CORP ET AL JA NPOH BRIERLEY, RONALD ET AL NZ AMOH LUCAS INDUSTRIES PLC UK NPTN NISSAN MOTOR CO LTD JA PEVA NISSHO CORP JA NPMI ORBITAL ENGINE CO AS NPTN NIPPONDENSO CO LTD JA NPKY MAZDA MOTOR CORP JA NPMI MITSUI & CO LTD ET AL JA PETN TRIDON LTD CA NPGA ZAHNRADFABRIK FRIEDRICHSAFEN AG ET AL GE NPKS BOMBARDIER FAMILY CA AMCT FRANCE. GOVERNMENT OF FR NPTX ISHIDA, TAIZO JA NPNY AB VOLVO SW AMGA FERRUZZI GROUP IT ElNY KNORR-BREHSE AG GE AMCA SUMITOMO CORP JA AMNJ FRANCE, GOVERNMENT OF FR AMMA SIEBE PLC UK AMGA YOKOGAWA ELECTRONIC CORP JA JVCA SUMITOMO METAL INDUSTRIES LTD JA AMNJ NIPPON SHEET GLASS CO LTD JA AMAZ DPA TECHNOLOGY SYSTEMS IS AHNC NIPPON ELECTRIC CO ET AL JA AMCA LUCAS INDUSTRIES PLC UK AMWA TOYO TIRE & RUBBER CO JA AHUT BOC GROUP PLC UK AHFL ALTHIN MEDICAL GROUP AB SW AHCO AB VOLVO SW AHTX COLIN MEDICAL INSTRUMENTS CORP JA NPUT BOC PLC UK AH


SIC

38423843384538453845385138613861386138613911391139423944394939493949394939554011401342124212421342134213422542264231423142314412441244124412441244124412441244124412441244124412441244124412441244124412


US FIRM NAME

EVEREST & JENNINGS INTERNATIONAL IPCO'S WHALEDENT INTERNATIONAL DIV AMERICAN HEALTH SERVICES CORP CT SCANNER MANUFACTURING INC QUANTUM MEDICAL SYSTEMS INC .TRANSITION OPTICAL INC CANON USAKEYSTONE CAMERA PRODUCTS CORP KONICA SUPPLIES MANUFACTURING INC RICOH COHOWARD H SWEET & SONS INCKREMENTZ'S MCTEIGUEJOHNSON & JOHNSON'S INFANT TOY DIVTAKARA DESIGN OF NEW YORKBRIDGESTONE SPORTING GOODS MFG INCPRINCE HOLDINGS INCROGER CLEVELAND GOLF COTYCOON/FINNOR CORPSERCOMP CORPSOO LINE CORPBATTLE CREEK INTERNATIONAL GATEWAY CHEP USAHUTCHINSON AUTO & TRANSPORT CO INC RYDER BULK TRANSPORTATION SERVICES INC SLACK TRANSPORT CO UNITED TRUCK LINES INC TRANS UBIQUITY CORPBRENDAMOUR-YOKKAICHI WLDWIDE DIST CORP TNT RED STAR EXPRESS INC TNT RED STAR EXPRESS INC TNT REDDAWAY ATLANTIC CONTAINER LINE CGM NORTH AMERICA CHILEAN LINE INC CHO YANG LINES USA INC K LINE AMERICA INC K LINE AMERICA INC K LINE INTERNATIONAL USA INC MAJESTIC SHIPPING CORP NORTANKERS INC

LOCATION TS FOREIGN INVESTOR NA TY VALUE

NYK LINE NYK LINE NYK LINE NYK LINE NYK LINE NYK LINE NYK LINE NYK LINE NYK LINE NYK LINE

NORTH AMERICA' NORTH AMERICA NORTH AMERICA' NORTH AMERICA, NORTH AMERICA NORTH AMERICA, NORTH AMERICA, NORTH AMERICA NORTH AMERICA NORTH AMERICA)

INCINCINCINCINCINCINCINCINCINC

LOS ANGELES CA BRIERLEY, RONALD ET ALNEW YORK NY GURIT-HERBERLEIN AGNEWPORT BCH CA OMNI HOLDING AGCONCORD MA HITACHI MEDICAL COPR ET AL1SSAQUAH WA SIEMENS AGST PETERSBURG FL SOCIETE VALOPTECSO BRUNSWICK NJ CANON INCCLIFTON NJ MITSUBISHI CORPELKTON MD KONICA CORPLAWRENCEVILLE GA RICOH CO LTDATTLEBORO MA MITSUKOSHI LTD ET ALNEWARK NJ MITSUKOSHI LTD ET ALNEW BRUNSWICK NJ BERTELSMANN AGNEW YORK NY TAKARA CO LTDCOVINGTON GA BRIDGESTONE CORPPRINCETON NJ BENETTON FAMILYPARAMOUNT CA SKIS ROSSIGNOL SAHALLANDALE FL TAKAHASHI, HIRDMICHICHATSWORTH CA MITSUBISHI PENCIL CO LTDMINNEAPOLIS MN CANADIAN PACIFIC LTDBATTLE CREEK MI CANADA. GOVERNMENT OFLOS ANGELES CA BRAMBLES INDUSTRIES LTDHONOLULU HI INTERNATIONAL R & D CO LTDMIAMI FL TRIMAC LTDBUFFALO NY SLACK TRANSPORT COSPOKANE WA TNT LTDBOSTON MA NATIONAL FREIGHT CONSORTIUM PLCERLANGER KY YOKKAICHI WAREHOUSE CO LTDBRUNSWICK NJ TNT LTDLONDONDERRY NH TNT LTDSAN DIEGO CA TNT LTDS PLAINFIELD NJ BILSPEDITIGN AB ET ALMURRAY HILL NJ FRANCE, GOVERNMENT OFMIAMI FL CHILEAN LINE SUD AMERICANA DE VAPORESCRANFORD NJ CHO YANG SHIPPING COMURRAY HILL NJ KAWASAKI KISEN KAISHA LTDCINCINNATI OH KAWASAKI KISEN KAISHA LTDNEW YORK NY KAWASAKI KISEN KAISHA LTDNEW YORK NY HELLESPONT SHIPPING CORPNEW YORK NY KLOSTER, KNUT U JRSEATTLE WA NIPPON YUSEN KKCHARLOTTE NC NIPPON YUSEN KKMEMPHIS TN NIPPON YUSEN KKJACKSONVILLE FL NIPPON YUSEN KKATLANTA GA NIPPON YUSEN KKGARDEN CITY GA NIPPON YUSEN KKHOUSTON TX NIPPON YUSEN KKSAN FRANCISCO CA NIPPON YUSEN KKNORFOLK VA NIPPON YUSEN KKMIAMI FL NIPPON YUSEN KK

NZ El

($ MILLION)

SZ AM 32.0SZ AM 7.0JA NP 3.0GE AMFR JV 19.5JA NPJA AMJA NPJA NP 19.6JA AMJA AM 0.4GE AM 20.0JA NPJA NPIT AM 220.0FR AMJA AMJA AM 11.8CA El 95.0CA OTAS OT 85.0JA AM 8.5CA AMCA OTAS AMUK AMJA JVAS OTAS OTAS OTSW OTFR OTCl OTKS OTJA OTJA OTJA OTUK AM 154.0NO El 10.9JA OTJA OTJA OTJA OTJA OTJA OTJA OTJA OTJA OTJA OT

76-


SIC

44124412441244124412441244124412441244124489449144914491449144934512451245124512451245124522458145814581472447294729473147314731473147314731473147314731473147314731



NYK LINE (NORTH AMERICA) INCNYK LINE NORTH AMERICA INCNYK LINE (NORTH AMERICA) INCNYK LINE NORTH AMERICA) INCNYK LINE (NORTH AMERICA INCNYK LINE (NORTH AMERICA) INCNYK (NORTH AMERICA) INCP&G CONTAINERS LTDSEAWOOD SHIPPING (USA) INCSKAARUP SHIPPING INTERNATIONAL CORPCRUISE I N T V S HARBOR TOUR OPERATIONSBRIDGE TERMINAL SERVICEDEER PARK TERMINALTODD SHIPYARD CORP'S FACILITYUNIVERSAL MARITIME SERVICES CORPMISSION BAY MARINAAIR FRANCE GROUPCONTINENTAL AIRLINE HOLDINGS INCDELTA AIRLINES INCKYODO AIR INCLUFTHANSA GERMAN AIRLINESSINGAPORE AIRLINES LTDPETROLEUM HELICOPTERS INCDEE HOWARD COHEMMETER AVIATION INCJAL’S CARGO FACILITYJAPAN TRAVEL BUREAU INTERNATIONALC Y AGENCY INCSOUTHERN STEAMSHIP AGENCY INC n&N7A^ rnppEUROPEAN & GENERAL SHIPPING INC INCHCAPE SHIPPIN6 SERVICES (USA) INC INTERAMERICAN CONSOL & CARRIERS INC JARDINE RADIX INTERNATIONAL JOSEPH & SCHILLER INC PENSON FLORIDA INC PROFIT SYSTEMS INC SENKO LOGISTICS INC TNT CONTRACT LOGISTICS UNISTAR AIR CARGO WALLENIUS LINES NORTH AMERICA INC SPACEHAB INCMCCAW CELLULAR COMMUNICATIONS INC CPRMCYCLIX COMMUNICATIONS CORPDYNAMIC LOOP CORPINFONET SERVICES CORPSOUTH PACIFIC NETWORK CABLE VENTURELIN BROADCASTING CORPGALAXY CABLEVISION’S CABLE SYSTEM

LONG BEACH CA NIPPON YUSEN KK JA OTPORTLAND OR NIPPON YUSEN KK JA OTDALLAS TX NIPPON YUSEN KK JA OTNEW ORLEANS LA NIPPON YUSEN KK JA OTCHARLESTON SC NIPPON YUSEN KK JA OTPHILADELPHIA PA NIPPON YUSEN KK JA OTBALTIMORE MD NIPPON YUSEN KK JA OTEAST RUTHERFORD NJ P8.0 STEAM NAVIGATION CO PLC UK OTPORTLAND OR SEAWOOD SHIPPING (BC) LTD CA OTGREENWICH CT MITSUI-OSK LINES LTD JA AMNORFOLK VA SODEXHO SA FR AMNEW ORLEANS LA MOLLER FAMILY DA OTDEER PARK TX PAKHOED HOLDING NV NL OTGALVESTON TX TATSUMI SHOKAI CO LTD JA AMBALTIMORE MD MOLLER FAMILY DA OTSAN FRANCISCO CA ASAHI KAIYO LTD JA AMNEW YORK NY FRANCE, GOVERNMENT OF FR OTHOUSTON TX DENMARK, NORWAY, SWEDEN, GOVERNMENTS OF DA ElATLANTA GA TEMASEK HOLDINGS (PTE) LTD SN ElLOS ANGELES CA KYODO AIRLINES CO LTD JA OTFAIRBANKS AK GERMANY, GOVERNMENT OF GE OTLOS ANGELES CA TEMASEK HOLDINGS (PTE) LTD SN OTNEW ORLEANS LA BRIERLEY, RONALD A ET AL NZ AMSAN ANTONIO TX ITALY, GOVERNMENT OF IT ElHONOLULU HI KYOTO TUSSHINKI GROUPE JA AMPORTLAND OR JAPAN AIRLINES CO LTD JA OTORLANDO FL JAPAN, GOVERNMENT OF JA OTCRANFORD NJ CHO YANG SHIPPING CO KS OTMOBILE AL INCHCAPE PLC UK AMNEW YORK NY DANZAS AG SZ OTMIAMI FL EUROPEAN & GENERAL PLC UK OTSTAMFORD CT INCHCAPE PLC UK OTMIAMI FL OCEAN GROUP PLC UK AMLOS ANGELES CA JARDINE MATHESON LTD HK JVMIAMI FL OCEAN GROUP PLC UK AMMIAMI FL OCEAN GROUP PLC UK AMMARIETTA GA LEP GROUP PLC UK ElCARSON CA SENKO CO LTD JA OTDES PLAINES IL TNT LTD AS OTWOOD DALE IL YAMATO TRANSPORT CO LTD JA JVNORTHBROOK IL REDER1 AB SW OTWASHINGTON DC MITSUBISHI CORP ET AL JA ElKIRKLAND WA UNITED KINGDOM, GOVERNMENT OF UK AMWASHINGTON DC PORTUGAL, GOVERNMENT OF PO OTMEMPHIS TN FRANCE, GOVERNMENT OF FR AMWILMINGTON DE NIPPON TELEGRAPH & TELEPHONE CORP JA OTEL SEGUNDO CA FRANCE, GERMANY, SPAIN, GOV'TS OF FR JVHONOLULU HI AUSTRALIA, GOVERNMENT OF AS JVNEW YORK NY UNITED KINGDOM, GOVERNMENT OF UK El

TX MOFFAT COMMUNICATIONS LTD CA AM



SIC US FIRM NAME

4841 NOSTALGIA NETWORK4911 POTOMAC ELECTRIC POWER CO FACILITY4911 POWER PLANT4922 BISHOP PIPELINE CORP4922 UNITED ALASKA FUELS CORP4953 WORLD ENVIROTECH4959 BAKER PACIFIC CORP4959 THORNE ENVIRONMENTAL INC5012 AMERICAN HONDA MOTOR CO5012 MID-ATLANTIC TOYOTA5012 SUBARU OF AMERICA INC5012 TOYOTA MOTOR CORP5012 TOYOTA MOTOR SALES USA5013 NGK CERAMICS USA5013 TEZUKA CORP5014 EMPCO INDUSTRIES INC5021 BORNEO INTERNATIONAL FURNITURE (BIF)5031 PACIFIC FOREST PRODUCTS PARTNERSHIP5045 HONEYWELL FEDERAL SYSTEMS INC5046 ISHIDA-TOYOTA5047 MARSHALL PRODUCTS INC 5047 PALEX MEDICAL INC 5047 TERUMO CORP5051 EDGCOMB CORP5051 GEORGETOWN UNIMETAL SALES5051 INTERSTATE STEEL CORP5051 KATO SPRING OF GEORGIA INC5051 NATIONAL STEEL CORP'S STEEL SERV CENTER5051 OHIO KANPOH STEEL INC5051 SOUTHWEST STEEL SUPPLY CO5051 T S ALLOYS5051 U N A CORP5051 WORTHINGTON INDUSTRIES INC'S VENTURE5065 ALLIED TELES1S5065 CODE-A-PHONE CORP5065 KYOCERA IND CERAMICS CORP5065 NEC BUSINESS COM SYSTEMS (CENT.) INC5065 NISSEI ELECTRIC5065 NKK ELECTRONICS AMERICA INC5065 RODAN AMERICA INC5065 SANYO ELECTRIC5065 TOWA CO5065 WAKEFIELD ELECTRONICS5084 AMERICAN TRUETZSCHLER5084 CHESTOMAK CORP5084 ESKAY CORP5084 ISOWA INDUSTRY5084 KAWASAKI5084 LNS AMERICA INC5084 LUCKY GOLDSTAR WESTERN DISTR CNTR


WASHINGTON DC MOON, SUN MYUNG KS AMLOUDOUN COUNTY VA SIEMENS AG GE JVASHLAND VA MITSUBISHI CORP JA NP 400.0HOUSTON TX METALLGESSELLSCHAFT AG GE AHHOUSTON TX NOVA CORP OF ALBERTA ET AL CA AHSULLIVAN NY KUBOTA LTD JA NP 5.0LONG BEACH CA PACKER, KERRY AS AHLONG BEACH CA PACKER, KERRY AS AHPORTLAND OR HONDA MOTOR CO LTD JA OTGLEN BURNIE MD TOYOTA MOTOR CORP JA AH 20.0CHERRY HILL NJ FUJI HEAVY INDUSTRIES LTD JA El 208.0NEW YORK NY TOYOTA MOTOR CORP JA OTLONG BEACH CA TOYOTA MOTOR CORP JA OTMOORESVILLE NC NGK SPARK PLUG CO LTD JA PELEXINGTON KY TEZUKA KOSAN CO LTD JA OTGLENDALE CA T CHATANI & CO LTD ET AL JA AH 30.0SAN MARCOS CA BORNEO MERCANTILE CO LTD KS OTTACOMA WA FRONVILLE HOMES CORP JA JVVIENNA VA FRANCE, GOVERNMENT OF FR AH 93.0PARSIPPANY NJ ISHIDA SCALES MFG CO LTD ET AL JA OTLINCOLNSHIRE IL OMRON CORP CO JA AH 25.0MIAMI FL PALEX MEDICAL GROUP SP NPFRANKLIN TOWNSP NJ TERUMO CORP JA OTNASHUA NH FRANCE, GOVERNMENT OF FR AHCHARLOTTE NC FRANCE. GOVERNMENT OF FR JVDES PLAINES IL FRANCE, GOVERNMENT OF FR AHRICHMOND VA KATO SPRING WORKS CO LTD JA OTCINCINNATI OH SUMITOMO CORP JA AH 6.0OBETZ OH KANPOH STEEL CO LTD ET AL JA NPST LOUIS MO HANWA CO LTD JA AHHOUSTON TX BRITISH STEEL PLC UK AHREVERE MA OKURA & CO LTD JA AH 1.2COLUMBUS OH THYSSEN AG GE JVPORTSMOUTH NH ALLIED TELESIS KK JA OTCLACKAMAS OR TECHNOLOGY APPLIC. (THAILAND) LTD TH AHSAN DIEGO CA KYOCERA CORP JA OTHOUSTON TX NEC CORP JA OTLOS ANGELES CA NISSEI ELECTRIC CO LTD JA OTSAN JOSE CA NKK CORP JA OTVALPARAISO IN OKAYA ELEC IND CO LTD JA OTSANTA CLARA CA SANYO ELECTRIC CO LTD JA OTSUNNYVALE CA TOWA CO LTD JA OTNEW YORK NY DIPLOMA PLC UK AH 24.2CHARLOTTE NC TRUTZSCHLER GMBH & CO GE PENORFOLK VA TOMAK-KIEV UR JVBOUNTIFUL UT DAIFUKU CO LTD JA OT

NJ ISOWA INDUSTRY CO LTD JA OT 0.1FARMINGTON MI KAWASAKI HEAVY IND LTD JA OTCINCINNATI OH LNS SA SZ NP 1.5ONTARIO CA GOLDSTAR CO LTD KS OT

I

001


SIC

5084508450845084508450845085508850915091509451115112512251225122512251225131513651365137514451465148514851485149516151615161516951695169516951985199519952515331533153315411



MAX DAETWYLER CORP CHARLOTTE NC DAETWYLER HOLDING AG SZ OTOSAKA GAS PASADENA CA OSAKA GAS CO LTD JA OTROYAL ZENITH INC GREAT NECK NY GERMANY, GOVERNMENT OF GE AMSTOLBERGER INC CHARLOTTE NC STOLBERGER GMBH GE OTTEKMATEX CHARLOTTE NC MARUBENI CORP JA OTW S TECHNOLOGIES INC DAYTON OH SAKURAI LTD ET AL JA OTNITTA INTL INC MONCKS CORNER SC NITTA INDUSTRIES CORP JA OTAIRBUS INDUSTRIES OF NO AMERICA FAIRFAX VA FRANCE, GOVERNMENT OF ET AL FR OTMARUMAN GOLF CO SAN DIEGO CA MARUMAN CO LTD JA OTWSI CORP CAMARILLO CA CHINA BICYCLE CORP CH AMRAVEL INC CLEARWATER FL KUWAYAMA KIKINZOKU CO LTD ET AL JA AMNEW SWEDEN TRADE CENTER TRENTON NJ AMERIKA NYA SVERIGE AB SW OTE W CURRY CO INC PITTSBURGH PA BUHRMANN-TETTERODE NV NL AMBERNA PRODUCTS INC CORAL GABLES FL SWISS SERUM & VACCINE INSTITUTE SZ NPDRUG DELIVERY SYSTEMS INC NEW YORK NY ELAN CORP PLC El AMKAKEN USA CORP NEW YORK NY KAKEN PHARMACEUTICAL CO LTD JA OTKANSAS CITY SOUTHERN'S MARTEC PHARM KANSAS CITY MO MERCKLE GMBH CHEM-PHARM FABRIK GE AMKURAYA AMERICA SYSTEMS LOS ANGELES CA KURAYA PHARMACEUTICAL CO JA OTSCHOELLER/ROTOFIL NEWPORT VT SCHOELLER TEXT IL AG ET AL SZ OTDESCENTE DENVER CO DESCENTE LTD JA OTTOMEN APPAREL GROUP INC NEW YORK NY TOYO MENKA KAISHA LTD JA OTAPOGEE NEW YORK NY TOYO MENKA KAISHA LTD JA JVKW1K-SERV FOODS INC SOUTH GATE CA FUJI TRADING CO LTD JA AMAMTEK INC PORTLAND OR ASAH1 DENKO KOGYO KK ET AL JA OTPPI DEL MONTE TROPICAL FRUIT CO SAVANNAH GA NADIR'ASIL UK OTSTANDARD FRUIT & VEGETABLE CO INC DALLAS TX NADIR,ASIL UK AMVERO BEACH CITRUS PACKERS INC VERO BEACH FL TOSHOKU LTD JA OTKAY JEWELERS INC ALEXANDRIA VA RATNER GROUP PLC UK AMCUSTOMS CHEMICAL DISTRIBUTORS AMARILLO TX ELLIS & EVERARD PLC UK AMOTSUKA AMERICA INC ROCKVILLE MD OTSUKA FAMILY JA NPSANAM CORP SANYO CHEMICAL INDUSTRIES LTD JA OTA1RC0 GASES VANCOUVER WA BOC GROUP PLC UK NPALBY-QLIN CHLORATES CO WESTPORT CT STORA KOPPARBERGS BERGSLAGS AB SW ElHVC/DALY CINCINNATI OH ELLIS & EVERARD PLC UK AHINDCHEM INC SAVANNAH GA ELLIS & EVERARO PLC UK AHCOURTAULDS PLC HOUSTON TX COURTAULDS PLC UK OTKOBAYASHI-DUPONT NEW YORK NY KOBAYASHI PHARMACEUTICAL CO LTD JA OTMITSUI MINING CO NEW YORK NY MITSUI MINING CO LTD JA OTBICEN TOOL & SUPPLY CO LEXINGTON KY TEZUKA KOSAN CO LTD JA AHAUCHAN INC CHICAGO IL MULLIEZ. GERARD FAMILY FR OTAUCHAN INC HOUSTON TX MULLIEZ, GERARD FAMILY FR OTSHOP AMERICA INC LAS VEGAS NV ITO YOKADO CO LTD JA AHHUNTLEY'S JIFFY STORES INC SHITTY'S SUPER VALU INC

JACKSONVILLE FL SOCIETE DOCKS DE FRANCE FR AMPHOENIX AZ STEINBERG FAMILY CA PE

YAOHAN USA CORP COSTA MESA CA YAOHAN DEPARTMENT STORE CO LTD JA OTLECLERC, E. GLEN BURNIE MD LECLERC, E. FR OTHAEDA-EN LOS ANGELES CA MAEDA-EN JA OTCAMPBELL NISSAN BUENA PARK ORANGE CTY CA MARUBENI CORP JA AHCHAMPION NISSON DEALERSHIP PITTSBURGH CA NISSHO-IWAI CORP JA AHTAIYO OIL CO JERSEY CITY NJ TAIYO OIL CO LTD JA OT


SIC

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AB80UDt JOSEPH CELINE INC CELINE INC CELINE INCERMENEGILDO ZEGNA USA GFT USA INC HERMES OF PARIS INC ISETAN OF AMERICA INC JAEGER'S ANN KLEIN CO DIOR, CHRISTIAN DIOR, CHRISTIAN DIOR, CHRISTIAN FERAUD, LOUIS GALERIES LAFAYETTE KOSHINO.JUNKO MADISON S INCSTEILMANN EUROPEAN SELECTION STEILMANN EUROPEAN SELECTION AGATHACHANEL BOUTIQUE ESCADA USAFUR VAULT'S RETAIL FUR GROUPGUCCI AMERICA INCHERMESII BISONETPLACE DE ANTIQUARESSPAZIO ROMEO GIGLIJOHNSTON INCTALBOTS INCTALBOTS INCCHEVIGNON NO AMERICACP COMPANYEMPORIO ARMANI BOUTIQUEFENDIFENDINICO BOCOSAKS FIFTH AVEVALENTINO BOUTIQUEEXPOPIELMANOLO BLAHNIK BOUTIQUE TOFINIr ELZACARROLL REED'S WOMEN APPARELIKEANEOTUBIF KOREASHERIDAN BOUTIQUEWALL TO WALL SOUNDS & VIDEO RECORD EXSYS INC HMV MUSIC LTD

BOSTON MASAN FRANCISCO CABEVERLY HILLS CANEW YORK NYNEW YORK NYNEW YORK NYCHICAGO ILWILMINGTON DENEW YORK NYMANHASSET NYNEW YORK NYHONOLULU HIBEVERLY HILLS CANEW YORK NYNEW YORK NYNEW YORK NYCOLUMBUS OHPRINCETON NJCHEVY CHASE MDNEW YORK NYCOSTA MESA CANEW YORK NYNEW YORK NYDALLAS TXMCLEAN VASAN FRANCISCO CANEW YORK NYNEW YORK NYNEW YORK NYCHARLOTTE NCWESTPORT CTNEW YORK NYNEW YORK NYHONOLULU HISTAMFORD CTFAIRFAX VANEW YORK NYNEW YORK NYBEVERLY HILLS CANEW YORK NYNEW YORK NYDALLAS TXCONWAY NHELIZABETH NJNEW YORK NYNEW YORK NYSHORT HILLS NJ

STORE PHILADELPHIA PAALBUQUERQUE NMNEW YORK NY

GRUPPO GFT ET AL ARNAULT FAMILY ARNAULT FAMILY ARNAULT FAMILY ZEGNA FAMILY GFT SPAJEAN-LQUIS DUMAS-HERMES ISETAN CO LTD COATS VIYELLA PLC TAKI TOMINO ARNAULT FAMILY ARNAULT FAMILY ARNAULT FAMILY FERAUD, LOUIS MEYER, GEORGE FAMILY KOSHINO, JUNKOYANGTZEKIANG GARMENT MFG CO LTDSTEILMANN, KLAUSSTEILMANN, KLAUSQUINIOU SANDRINE & MICHELWERTHEIMER FAMILYLEY, WOLFGANG & MARGARETHA ET ALJINDO CORPGUCCI, MAURIZIO ET AL JEAN-LOUIS DUMAS-HERMES II BISONET DEMNER FAMILY ROMEO GIGLI SPAZIO ET AL TAKI, TOMINO JUSCO CO LTD JUSCO CO LTD AZOULAY. GUY GRUPPO GFT ET AL ARMANI, GIORGIO FENDI FAMILY FENDI FAMILYNON-NO INTERNATIONAL GROUP KIRDAR, NEMIR ET AL GFT SPA FARRUTXBLAHNIK, MANOLOTOFINI, ELZASWIRE PACIFIC LTDKAMPRAD, INGVARSTAUDENMEYER & PIERRE DALMANBORNEO MERCHANTILE CO LTDBRENMOSS GROUP HOLDINGS PTY LTDSMITH WH GROUP PLCSUMITOMO CORPTHORN EMI PLC

IT JVFR OTFR OTFR OTIT OTIT OTFR OTJA OTUK PEJA OTFR OTFR OTFR OTGE OTFR OTJA OTHK AMGE OTGE OTFR OTFR OTGE OTKS AMIT OTFR OTIT OTAU OTIT OTJA OTJA OTJA OTFR OTIT OTIT OTIT OTIT OTKS OTIZ PEIT OTSP OTAR OTBR OTHK AMSW OTFR OTKS OTAS PEUK AMJA AMUK OT


SIC

581258125812581258125812581258125812581258125812581258125812591259415942594259435943594459445944594459485948596159615961599959996021602160216021602160226022602260226022



DARUMA LOS ANGELES CA TAKASAKI BENTO KK JA OTDUNKIN DONUTS INC RANDOLPH MA ALLIED-LYONS PLC UK AMHARDEE'S FOOD SYSTEMS INC ROCKY MT NC BAT INDUSTRIES PLC UK PEHONMURA-AN RESTAURANT NEW YORK NY KOBARI FAMILY JA OTINN AT PERRY CABIN, THE ST MICHAEL MD ASHLEY, SIR BERNARD UK OTJERRICO INC'S FAZORI RESTAURANTS LEXINGTON TX DUSKIN CO JA AMLOVE'S WOOD PIT BARBEQUE RESTAURANTS LAGUNA HILLS CA KYOTARU LTD JA AMMISHIMA FOODS RESTAURANT GARDENA CA MISHIMA FOODS CO LTD JA OTMOS BURGER HONOLULU HI MOS FOOD SERVICES INC JA OTMR DONUT FRANCHISING OPERATIONS MINNEAPOLIS MN ALLIED-LYONS PLC UK AMP3 RESTAURANT HONOLULU HI P3 CO LTD JA OTRESTAURANT ASSOCIATES INDUSTRIES INC NEW YORK NY KYOTARU CO LTD JA AMROY ROGERS RESTAURANTS HILLSIDE NJ BAT INDUSTRIES PLC UK AMUKAI WASHINGTON DC UKAI JA OTUMEDA RESTAURANTCR BRAD'S HEALTHCARE CENTERS INC

NEW YORK NY UMEDA, AKIO JA JVMURRAY HILL NJ KOBAYASHI PHARMACEUTICAL CO JA AM

FOUNDERS CLUB GOLF CO SAN MARCOS CA ASICS CORP JA JVSCHWARZ, FAO NEW YORK NY NV KONINKLIJKE BIJENKORF BEHEER NL AMSTAR FIELDS OF ASTRAEA WASHINGTON DC BANKS, NORRIS AS OTOFFICE DEPOT INC BOCA RATON FL FOURNIER, JACQUES FAMILY ET AL FR ElTAM'S STATIONERS PARAMOUNT CA TFI JA AMCARTIER HAWAII INC HONOLULU HI CARTIER FAMILY FR OTCARTIER INC BEVERLY HILLS CA CARTIER FAMILY FR OTTIFFANY & CO BEVERLY HILLS CA MITSUKOSHI LTD ET AL JA OTTIFFANY & CO FAIRFAX VA MITSUKOSHI LTD ET AL JA OTGOLDPFEIL BEVERLY HILLS CA GOLDPFEIL, LUDWIG GE OTGOLDPFEIL HONOLULU HI GOLDPFEIL, LUDWIG GE OTFELISSIMO FELISSIMO JA OTTALBOTS INC SO PORTLAND ME JUSCO CO LTD JA OTTALBOTS INC RESTON VA JUSCO CO LTD JA OTSTANDARD OPTICAL EYEWORLD'S SELEC/LOCALE SALT LAKE CITY UT GRAND METROPOLITAN PLC UK AMYVES SAINT LAURENT BOUTIQUE NEW YORK NY PIERRE BERGE/YVES SAINT LAURENT ET AL FR OTBOT FINANCIAL CORPORATION BOSTON MA THE BANK OF TOKYO GROUP JA OTFNB ROCHESTER CORP ROCHESTER NY CUKUROVA HOLDING AS GROUP TU AMNEW ENGLAND COMMERCIAL FINANCE CORP BOSTON MA NATIONAL BANK OF CANADA CA AMOMNI BANK NA MONTEREY PARK CA CHINA REBAR CO TW AMWELLS FARGO 8. CO SAN FRANCISCO CA NIKKO SECURITIES CO JA JVCENTRAL BANK WALNUT CREEK CA BANQUE NATIONALE DE PARIS FR AMCITIBANK-ALBANY NY BRANCHES ALBANY NY HONGKONGBANK GROUP HK AMEXCHANGE BANCORP CHICAGO IL ALGEMENE BANK NEDERLAND NV NL AMFIRST COMMERCIAL BANK NEW YORK NY FIRST COMMERCIAL BANK TW OTFIRST COMMERCIAL BANK LOS ANGELES CA FIRST COMMERCIAL BANK TW OTKEY BISCAYNE BANK MIAMI FL KARDONSKI FAMILY PM AMBANK OF KINKI NEW YORK NY BANK OF KINKI JA OTSAITAMA BANK TRUST CO NEW YORK NY SAITAMA BANK LTD JA OTNISSAN CAPITAL OF AMERICA INC NEW YORK NY NISSAN MOTOR CO LTD JA OTAIM MANAGEMENT GROUP INC HOUSTON TX NATIONALE-NEDERLANDEN N.V. NL AMBLACKSTONE GROUP NEW YORK NY BANQUE INDOSUEZ FR JVCS FIRST BOSTON INC NEW YORK NY CREDIT SUISSE SA SZ ElGLEACHER MORGAN GRENFELL INC NEW YORK NY DEUTSCHE BANK AG GE AM


SIC

62116211621162216221622162826282628262826282628263116311631163216321633163316331634163516411641164116531653165316552655265526712671267987011701170117011701170117011701170117011701170117011701170117011

1990 FOREIGN INVESTMENTS. COMPLETED. BY SIC


HOGUET KELLER WITTMAN CO NEW YORKSHEARSON LEHMAN HUTTON HOLDINGS INC NEW YORKTOYO SECURITIES CO NEW YORK CHICAGO RESEARCH AND TRADING GROUP LTD CHICAGODEAK INTERNATIONAL RESOURCES ATLANTAGNP COMMODITIES CHICAGOATLANTA CAPITAL MANAGEMENT CO ATLANTABEA ASSOCIATES INC NEW YORKBRIDGEFORD GROUP INC NEW YORKDAIWA INVESTMENT ADVISERS NEW YORKNEW YORK & FOREIGN SECURITIES CORP NEW YORK NOMURA ROSENBURG INVEST. TECH. INSTITUTE SAN FRANCISCO BUSINESS MEN'S ASSURANCE CO OF AMERICA KANSAS CITYFACULATIVE MANAGERS CORP STAMFORD PRUDENTIAL INSURANCE COMPANY OF AMERICA NEWARKBELVEDERE CORP NEW YORKU S RE CORP NEW YORKCOMMONWEALTH INSURANCE CO NEW YORKFIREMAN'S FUND INSURANCE CO NOVATOGENERAL CASUALTY CO SUN PRAIRIE MEDIQ'S COPELCO FINANCIAL SERVICES GROUP PENNSAUKEN SECURITIES GUARANTY INSURANCE SERVICES SANTA ANACORROON & BLACK CORP NEW YORKGAY & TAYLOR INC WINSTON SALEMNORTH ATLANTIC CASUALTY & SURETY INDIANAPOLISALEX BROWN INC BALTIMORELEPERCQ CAPITAL PARTNERS NEW YORKWHITNEY CRESSMAN LTD SAN FRANCISCOBIRTCHER REAL ESTATE INC LAGUNA NIGUELMEGA DEVELOPMENT CORP HOUSTONPACIFIC AGRICULTURAL HOLDINGS INC FRESNOINTERNATIONAL HOLDING CAPITAL CORP HONOLULUUJB FINANCIAL CORP PRINCETONUSAA REAL ESTATE EQUITIES INC SAN ANTONIOBELLEVIEW BILTMORE RESORT HOTEL BELLEAIRCORONADO BAY HOTEL SAN DIEGOEMBASSY SUITES HOTEL DOWNEYEMBASSY SUITES HOTEL ATLANTAFOXFIRE RESORT AND COUNTRY CLUB PINEHURSTGREENWAY RENAISSANCE HOTEL RICHARDSONHAMPTON INN KEY WEST KEY WESTHAWAII PRINCE HOTEL HONOLULUHEAVENLY VALLEY SKI RESORT SO. LAKE TAHOEHERITAGE USA CHARLOTTEHILO HAWAIIAN HILOHOTEL MAM HOTEL INVESTORS CORP-HOTEL INVEST' TRUST SAN 01 EGO HOTEL N1KK0 ATLANTA eHYATT GRAND CHAMPION HOTEL INDIAN WELLSLA QUINTA MOTOR INNS INC SAN ANTONIO

NY CREDITANSTALT-BANKVEREIN AU AHNY NIPPON LIFE INSURANCE CO JA JVNY TOYO SECURITIES CO JA OTIL MITSUBISHI TRUST AND BANKING CORPORATION JA JVGA THOMAS COOK GROUP UK AHIL E D & F MAN INTERNATIONAL FUTURES INC UK AHGA SAMUAL INVESTMENT MGMT GROUP LTD UK AMNY CREDIT SUISSE SA SZ AMNY INDUSTRIAL BANK OF JAPAN JA OTNY DAIWA INVESTMENT TRUST AND MANAGEMENT CO JA OTNY FAHNESTOCK VINER HOLDINGS INC CA AMCA NOMURA SECURITIES JA JVMO GENERALI-ASS1CURAZI0NI GENERALI SPA IT AMCT SKANDIA AB SW JVNJ ASAHI MUTUAL LIFE INSURANCE CO JA JVNY CHRISTIANA HOLDING CO NO JVNY GARTMORE INVESTMENT MANAGEMENT LTD UK AMNY FAIRFAX FINANCIAL HOLDINGS LTD CA AMCA ALLIANZ AG GE AMWI WINTERTHUR SWISS INSURANCE CO SZ AHNJ C ITOH & CO. JA AHCA SECURITY RISK SERVICES UK AMNY WILLIS FABER UK AMNC EUROPEAN INTERNATIONAL REINSURRANCE CO BB AMIN WASA INSURANCE HOLDING CO SW AMMD KLEINWORT BENSON GROUP UK JVNY MITSUI TRUST & BANKING CO JA AMCA FIRST PACIFIC DAVIES LTD HK JVCA MITSUI & CO JA AMTX HUDSON BAY CO CA ElCA ALBERT FISHER GROUP PLC UK AMHI SUM IX JA AMNJ BANK OF MONTREAL CA AMTX DAI-TOKYO. YASHUDA, ET AL JA OTFL MIDO DEVELOPMENT CO JA AMCA KUMAGAI GUMI-KAWASKI STEEL CORP ET AL JA JVCA SANWA JUTAKU CO LTD JA AMGA UNSPECIFIED UN AMNC RABEX JAPAN LTD JA AMTX GGS INVESTMENT INC JA AMFL HINOMARU HIRE CO LTD JA AMHI SEIBU INC JA OTCA KAMORI KANKO CO JA AMNC MUI CORPORATION ET AL MY AMHI TOKYO NISSAN AUTO SALES CO JA AMHI DIA CONSTRUCTION CO LTD JA AMCA EIE INTERNATIONAL CORP JA AMGA NIKKO HOTELS INTERNATIONAL JA OTCA JAPANESE INVESTORS JA AMTX BR1ERLEY, RONALD ET AL NZ OT



SIC US FIRM NAME

7011 MARRIOTT-SYMPHONY TOWERS7011 MAUI LU RESORT7011 MET-HOTELS7011 MOTEL 67011 PARK PLAZA7011 PEBBLE BEACH CO7011 PIERREMONT PLAZA7011 PLEASANT HAWAIIAN HOTEL7011 PORTMAN HOTEL7011 POWDERHORN SKI RESORT7011 QUEEN KAPIOLANI AND QUALITY INN HOTELS7011 RAMAOA RENAISSANCE HOTEL7011 REGENT BEVERLY WILSHIRE HOTEL7011 SAND'S OF KAHANA RESORT7011 SHERATON ANAHEIM7011 SNOWSHOE SKI RESORT7011 SPORTS ARENA TRAVELODGE7011 U S GRANT HOTEL7011 WESTIN MAUI7011 WIGWAM RESORT HOTEL7011 WOODFIN SUITES7011 WOODFIN SUITES7011 YERBA BUENA HOTEL7261 PARAGON FAMILY SERVICES INC7311 ADPLUS KETCHUM7311 BABBIT & REIMAN7311 FERGUSON, THOMAS G. ASSOCIATES7311 GSD & M7311 HAKUHOOO ADVERTISING AMERICA7311 KJWT7311 WELLS, RICH, GREENE INC7359 ISS INTERNATIONAL SERVICE SYSTEMS INC7372 GENERAL VIDEOTEX CORP7372 HUDSON SOFT USA7372 LEASETEC CORP7372 METIER MANAGEMENT SYSTEMS INC7372 M. P. TECHNOLOGY CO7372 NEXGEN MICROSYSTEMS INC7372 PACIFIC INTERNATIONAL COMPUTING INC7372 RIGHTSOFT INC7373 CAMEX INC 7373 ICEM SYSTEMS7373 INFORMATION & GRAPHICS SYSTEMS INC7373 NTT DATA COMMUNICATIONS SYSTEMS CORP.7374 METROLIGHT STUDIO INC 7389 BOBBIN ORGANIZATION 7514 VALUE RENT-A-CAR INC 7559 SKY REACH CORP7812 CAROLCO PICTURES INC7812 COLUMBIA PICTURES ENTERTAINMENT INC


SAN DIEGO CA DIA KENSETSU JA AM 41.0MAUI HI DIA CONSTRUCTION CO LTD JA AM 19.8PHOENIX AZ CANADIAN PACIFIC HOTELS AND RESORTS CA AMDALLAS TX ACCOR SA FR AM 1,300.0HIALEAH FL EIE INTERNATIONAL CORP, ET AL JA AM 25.0PEBBLE BEACH CA MINORU ISUTANI JA AM 800.0ATLANTA GA FUNDOS FONDS GE AM 48.0HONOLULU HI NICHIEI CO LTD JA AM 31.0SAN FRANCISCO CA TOTYU CORP JA AM 103.0DENVER CO INTERNATIONAL BRONZE CORP SZ AMHONOLULU HI SPORTS SHINKO JA AM 100.7MESA AZ CHEN, WEN SUN TW AM 7.0BEVERLY HILLS CA NISSHIN STEAMSHIP CO LTD JA AM 100.0HONOLULU HI LIVEX JA AMANAHEIM CA PACIFIC ISLANDIA RESORT INC JA AM 65.0SNOWSHOE WV SKI VENTURE INC JA AM 20.0INDIAN WELLS CA MARUKO INC JA AM 64.5SAN DIEGO CA SANSEI JA AM 30.0MAUI HI ABE, KENTARO JA AM 261.5PHOENIX AZ KABUTO DECOM INC JA AM 70.0ROCKVILLE MD HINOMARU HIRE LTD JA AM 23.4ORANGE COUNTY CA YASUDA TRUST AND BANKING CO LTD JA AM 14.0SAN FRANCISCO CA KANSAI DEVELOPMENT JA AH 4.5HOUSTON TX LOEWEN GROUP CA AM 65.5NEW YORK NY ADPLUS KS JVNEW YORK NY GREENLESS, MICHAEL ET AL UK OTPARSIPPANY NJ SORRELL, MARTIN UK AM 41.7AUSTIN TX GREENLEES, MICHAEL ET AL UK AM 48.5NEW YORK NY HAKUHODO INC JA PELOS ANGELES CA SORRELL. MARTIN ET AL UK OTNEW YORK NY GROUPE BOULET DRU DUPUIS PETIT SA FR AHNEW YORK NY INTERNATIONAL SERVICE SYSTEMS A/S DA El 15.6HARRISBURG PA ASCII CORP JA AH 1.0SAN FRANCISCO CA HUDSON SOFT CO JA OTBOULDER CO TOKYO LEASING CO LTD JA AHHOUSTON TX LUCAS INDUSTRIES PLC UK AHBETHESDA MD YASHIMOTO, MATSUO JA OTSAN JOSE CA ASCII CORP JA AH 5.0SEATTLE WA PACIFIC INTERNATIONAL COMPUTING LTD JA OTSARASOTA FL MAXWELL. ROBERT FAMILY UK AH 5.0BOSTON MA BRONFMAN FAMILY CA AHMINNEAPOLIS MN GERMANY, GOVERNMENT OF GE JVBOULDER CO HITACHI LTD JA AH 2.3JERSEY CITY NJ NIPPON TELEGRAPH & TELEPHONE CORP JA OT 100.0LOS ANGELES CA CANON INC JA AH 4.0COLUMBIA SC BLENHEIM EXHIBITIONS GROUP PLC UK AH 18.0DEERFIELD BCH FL MITSUBISHI HEAVY INDUSTRIES LTD JA AHPETERSBURG OH BRAMBLES INDUSTRIES LTD AS AH 12.0LOS ANGELES CA PIONEER ELECTRONIC CORP ET AL JA AH 60.0CULVER CITY CA SONY CORP JA OT

I00 u>1


SIC

78127812781278127812781978197822782278417941794879967996799779977997799779977997799779977997799980598071811182118221822182218299871187118712873187318731873187318731873287328732873287338734873487428742


US FIRM NAME

MCA INCMEDIA INTERNATIONAL CORP MGM/UA COMMUNICATIONS CO NHK ENTERPRISES USA INC POTOMAC TV COMMUNICATIONS INC FOX INC'S DELUXE FILM LAB REEVES COMMUNICATIONS CORP FOX-LOBER ASSOCIATES INC TRITON PICTURES CO BEST VIDEO INC BIRMINGHAM BARONSGULFSTREAM PARK & CALDER RACE COURSENEW HERITAGE USASTEVE BAKER ASSOCIATESFOUNTAINGROVE COUNTRY CLUBPELICAN GOLF CLUBRAVINE GOLF CLUB INCROLLING HILLS GOLF & TENNIS CLUBSAN GERONIMO VALLEY GOLF CLUBSONTERRA GOLF & COUNTRY CLUBSUGARMILL WOODS COUNTRY CLUBTAPATIO SPRINGS GOLF & COUNTRY CLUBWOODLAKE COUNTRY CLUBHILLCREST COUNTRY CLUBHEALTH FACILITIESIMMUNETECH PHARMACEUTICAL'S R&DBRYAN, GONZALEZ/VARGAS, Y GONZALEZ BAZKEIO HIGH SCHOOLMARYCREST COLLEGEPOST COLLEGEWESTMAR COLLEGEBI-LINGUAL CORPHART ENVIRONMENTAL MANAGEMENTMES ENGINEERING INCMARATHON ENGINEERS/ARCHITECTS/PLANN ERS CODON INCEISAI RESEARCH INSTITUTE GENENCOR INTERNATIONAL INC IDEC PHARMACEUTICALS CORP INSTITUTE FOR BIOLOGICAL R&D RIBOGENE INC KASAI KOGYO CO KDD AMERICA INCKOBE STEEL'S RESEARCH INSTITUTE PLUMWOOD HOUSE TAIDO USASOUTHWESTERN LABORATORIES INC TOYOTA TECHNICAL CENTER USA INC EURO SYSTEMS INTERNATIONAL LINCOLN-CROSS INC

LOCATION TS FOREIGN INVESTOR

UNIVERSAL CITY CA MATSUSHITA ELECTRIC INDUSTRIAL COHOLLYWOOD CA JAPANESE CONSORTIUMBEVERLY HILLS CA PARRETTI, GIANCARLO ET ALNEW YORK NY NHK ENTERPRISES CO LTD ET ALWASHINGTON DC SUN MYUNG MOON ET ALHOLLYWOOD CA RANK ORGANIZATION PLCNEW YORK NY THAMES TELEVISION PLCNEW YORK NY GAGA COMMUNICATIONS INCLOS ANGELES CA KADOKAWA FAMILYOKLAHOMA CITY OK SUPERCLUB NVBIRMINGHAM AL SUNTORY LTDMIAMI FL VICTORIA CO LTDFORT MILL SC MALAYSIAN UNITED INDUSTRIES BDH ET ALORLANDO FL MITSUBISHI CORPSANTA ANA CA FUTSU GOLF CLUB CO LTDST PETERSBURG FL KUROSAWA, HIDEOJACKSONVILLE FL KONDO SANGYO CO LTD ET ALMIAMI FL KASI, YOSHISAKA ET ALMARIAN CTY CA YOSHITADA, TAKAHASHI ET ALSAN ANTONIO TX HIGA, KIYONORI ET ALTAMPA FL INOUE, YUKISHISABOERNE TX HIYA, KIYONORI ET ALSAN ANTONIO TX HIGA, KIYONORI ET ALHOLLYWOOD FL JAPANESE INVESTOR GROUPNEW PORT RICHY FL YORK HANNOVER NURSING CENTER INCSAN DIEGO CA TANABE SEIYAKU CO LTDNEW YORK NY BRYAN, GONZALEZ. ET ALPURCHASE NY KEIO UNIVERSITYDAVENPORT IA OKINAGA, SHOICHIWATERBURY CT OKINAGA, SOICHILEMARS IA OKINAGA, SHOICHIMANHATTAN NY MINAMI, HIROKONEW YORK NY SANDOZ AGHOUSTON TX MITSUI ENGINEERING & SHIPBUILDING COMENASHA WI JP-FINANCE OYSAN FRANCISCO CA SCHERING AGBOSTON MA EISAI CO LTDROCHESTER NY CULTOR LTDLOS ANGELES CA INSTITUTE OF IMMUNOLOGY COIRVINE CA KURAYA PHARMACEUTICAL CO LTDMENLO PARK CA USSR, GOVERNMENT OFLIVONIA MI NISSAN MOTOR CO LTDNEW YORK NY KOKUSAI DENSHIN DEMWA COPALO ALTOS CA KOBE STEEL LTDIRVINE CA HITACHI LTDWASHINGTON DC HIRAKI, DR TOSHIHISAHOUSTON TX HUNTINGDON INTERNATIONAL HOLDINGS PLCPHOENIX AZ TOYOTA MOTOR CORPSTRATFORD CT SBS GROUPNASHVILLE TN WILLIS FABER PLC

NA TY VALUE ($ MILLION)

JA AM 7,500.0JA OT 200.0IT AM 1,360.0JA OTKS AMUK AM 150.0UK AM 89.0JA AM 2.7JA AMBE AMJA AM 3.6JA AM 50.0MY AMJA AMJA AM 25.0JA AMJA AM 10.0JA AM 16.6JA AM 13.0JA AM 20.0JA AM 8.6JA AMJA AM 5.5JA AM 9.3CA AMJA El 37.3MX OTJA OTJA AM 5.0JA OTJA AM 4.2JA OTSZ AMJA NP 1.5FI AMGE AM 85.0JA OTFI JVJA AM 23.0JA AM 25.0UR AMJA OTJA OTJA OT 2.0JA OT 16.5JA OTUK AM 19.1JA NP 110.0UK AMUK AM

Ico£*I



SIC US FIRM NAME LOCATION TS

8743 IR JAPAN INC SAN FRANCISCO CA8743 WEXLER/REYNOLDS/FULLER/HARRISON & SCHULE WASHINGTON DC8748 ENSR CORP HOUSTON TX9611 ANDORRA OFFICE OF TOURISM NEW YORK NY9611 CHINA ECONOMIC TRADE INFO CONSULTING INC LOS ANGELES CA9611 HYOGO CULTURE & ECONOMIC CENTER SEATTLE WA9611 INDUSTRIAL DEVELOPMENT AUTHORITY SAN JOSE CA9611 JAPAN EXTERNAL TRADE ORG (JETRO) TAMPA FL9611 JETRO INDIANAPOLIS INDIANAPOLIS IN**** 1340 ACRES FOR COMMERCIAL DEVELOPMENT VALLEJO CA**** 1.5-ACRE TRACT, ROSS & FIELD STS DALLAS TX**** 26 ACRES COMMERCIAL LAND MAKAHA HI**** 297 ACRES MIRA LOMA CA**** 53-ACRE SITE ANAHEIM CA**** ALLIANZ FINANCIAL CENTRE DALLAS TX**** ARENA TOWER II HOUSTON TX**** AUSTIN CENTER SOUTH TAMPA FL**** AVENTINE CENTER SAN DIEGO CA**** BANYAN INN MARKETPLACE IN LAHAINA MAUI HI**** BAYSHORE PUCE TAMPA FL**** BENEFIT TRUST BUILDING CHICAGO IL**** BENT TREE OAKS-FOUNTS-BROOK, 8. WINDSONG DALLAS TX**** BLACKHAWK PLAZA SAN FRANCISCO CA**** BUNKER HILL OFFICE BUILDING HOUSTON TX**** CALTRANS BUILDING SACRAMENTO CA**** CENTRAL PLAZA LOS ANGELES CA**** COMMERCE PLACE BALTIMORE MD**** COMMERCIAL BLDG; 12603 SW FREEWAY STAFFORD TX**** CORNER SITE FIFTH AVENUE AND 42N0 STREET NEW YORK NY**** COURTS OF MUSEUMS GATE HOUSTON TX**** FARM BUREAU INSURANCE OFFICE BUILDING DES MOINES IA**** FOREST COVE APARTMENTS HOUSTON TX**** FORTUNE CENTER MIAMI FL**** FOX RUN APARTMENTS LAKEWOOD CO**** FRENCH VILLAGE APARTMENTS HOUSTON TX**** FRENCHMEN'S CREEK APARTMENTS HOUSTON TX**** GLC TOWER ATLANTA GA**** GREYHOUND ACCOUNTING CENTER WEST DES MOINES IA**** H F AHMANSON & CO HEADQUARTERS BUILDING LOS ANGELES CA**** HACIENDA DE MONTEREY RETIREMENT COMMUNTY PALM DESERT CA**** HALF-BLOCK SITE. JACKSON & GRIFFIN STS DALLAS TX**** HAWAII BUSINESS PARK HONOLULU HI**** HEMMETER CORP BUILDING HONOLULU HI**** HIGH BLUFF DEL MAR OFFICE BUILDING DEL MAR CA**** HOME SAVING OFFICE TOWER LOS ANGELES CA**** HONOLULU CLUB BUILDING HONOLULU HI**** HOTEL SITES (2) AT KO OLINA RESORT WEST OAHU HI**** HOTEL SITES (4) AT KO OLINA RESORT OAHU HI**** HUFFINGTON CORP’S PROPERTIES HOUSTON TX**** INN ON THE PARK HOUSTON TX

FOREIGN INVESTOR NA TY VALUE($ MILLION)

IRJ GROUP JA OTSORRELL, MARTIN UK AMNUKEM GMBH GE AM 125.0ANDORRA, GOVERNMENT OF AN OTPEOPLES REPUBLIC OF CHINA, GOVERNMENT OF CH OT 0.5HYOGO PREFECTURAL GOVERNMENT JA OTIRELAND, GOVERNMENT OF THE REPUBLIC OF El OTJAPAN, GOVERNMENT OF JA OTJAPAN, GOVERNMENT OF JA OTMISAWA HOMES CO JA RE 338.0MARBLE ENTERPRISE CORP TW REHAWAII AISTAR JA RE 13.3OHBAYASHI AMERICA CORP JA JV 16.0TAIYO DEVELOPMENT JA REKUO HOTEL CORP SN AM 60.0HONG KONG INVESTORS HK AM 20.0SWEDISH INVESTORS SW AMJAPANESE INVESTORS JA OT 200.0DUDDLE INTERNATIONAL LTD HK AM 4.5SWEDISH INVESTORS SW AM 22.6KOREAN INVESTMENT GROUP KS AM 6.0JAPANESE INVESTORS JA JV 17.8RENOWN OF TOKYO JA JV 50.0NEWCASTLE ACQUISITION LTD PARTNERSHIP UK AMEl SEN REAL ESTATE CO LTD JA AM 37.02UFU PROPERTIES CO LTD HK AMKAJIMA CORPORATION JA OT 45.0GREEK INVESTMENT GROUP GR AM 3.7TOUKU CO JA RE 30.5PETER KURTS GROUP AS AMPLAZA HOMES JA AM 16.0VICTORIA REALTY CO UK AM 6.5Z1JERVELD HOLDING BV NL JV 2.6HONG KONG INVESTOR GROUP HK AM 3.1LEUNG, TAK-LEE AND LOING, G. ALOYSIUS CA AM 0.2FINNISH INVESTORS FI AMGULLSTEDT GRUPPEN SW AM 90.0PLAZA HOMES JA AM 16.1KAWASAKI ENTERPRISES INC ET AL JA AM 45.0MARUKO INC JA AM 27.0TERRA CORP CA RETOSEI SHOJI CO ET AL JA AM 12.0BIGI CORP JA AMMARUKO INC JA AM 14.5KAWASAKI ENTERPRISES INC JA AM 83.0ARAI & CO LTD JA AM 29.4TOWN DEVELOPMENT CO JA RE 75.0TOWN DEVELOPMENT CO LTD JA RE 110.0ROC, GOVERNMENT OF TW REKUO INVESTMENTS SN AM 40.0



SIC

************

****

****************

********

************

************

************

************

********

********

US FIRM NAME

KO OLINA RESORT HOTEL SITE LA QUINTA PLAZA SHOPPING CENTER LINCOLN CENTER MANCHESTER PLACE MERCHANDISE MART SITE MIDTOWN PLAZA MINAMI TOWER MIRAGE APARTMENTS MIXED USE BLDG - 2311 M STREET NW MOUNTAIN VIEW APARTMENTS NIU VALLEY SHOPPING CENTER NORTHROP ANAHEIM PLANT OAK COURTOAK FOREST APARTMENTS OAK LAWN OFFICE TOWER OB’S 50 BRIAR HOL'W (2),OFFICE AND RETAIL TOWER OFFICE BLDGS OYSTER PT BUSINESS PK (2) OFFICE BUILDING

1900 N LOOP (1) 546 FIFTH AVE

OFFICE BUILDING OFFICE BUILDING OFFICE BUILDING, OFFICE BUILDING,

1010 E. ARAPAHO 50 S. STEELE ST

OFFICE BUILDING AND 22 ACRES OFFICE BUILDING - 15915 KATY FREEWAY OFFICE BUILDING - 303 WEST MADISON ST OFFICE BUILDING - 55 WALL ST OFFICE BUILDING - 550 SOUTH HOPE OFFICE BUILDING - 600 BRICKELL AVE OFFICE BUILDINGS IN PEACHTREE CENTER OFFICE BUILDING-1212 MAIN OFFICE TOWER AT KOLL CENTER OFFICE TOWER ON WILSHIRE BLVD OFFICE TOWER - 1001 N. CENTRAL AVE OFFICE TOWER - 633 ST CLAIR PL ONE GREAT AMERICAN PLAZA OFFICE BUILDING ONE LIBERTY PLACEPARK TOWERS NORTH & SOUTH - 921 MAINPARK WESTPIER COLONYPIER POINT VILLAGE 6PINE FOREST APARTMENTSREGENCY CENTERREGENCY OFFICE CENTERRIVER VILLAGERUBIN ICOT CENTERSAN FRANCISCO CENTRESHERATON-NANSAY HOTEL VENTURE CORPSHOPPING CENTERSHOPPING CENTER AT SOUTHPARK

LOCATION

OAHULA QUINTA TIGARD AURORA HONOLULU ATLANTA LAS VEGAS HOUSTON WASHINGTON DENVER OAHU ANAHEIM PLEASANT HILL TAMPA DALLAS HOUSTON NEW YORK SAN FRANCISCO ATLANTA PHOENIX PASADENA RICHARDSON CHERRY CREEK WOODLAND HILLS HOUSTON CHICAGO NEW YORK NEWPORT BEACH MIAMI ATLANTA HOUSTON IRVINE LOS ANGELES PHOENIX CHICAGO SAN DIEGO PHILADELPHIA HOUSTON SAN DIEGO

TS

HICAORCOHIGANVTXDCCOHICACAFLTXTXNYCAGAAZCATXCOCATXILNYCAFLGATXCACAAZILCAPATXCA

HUNTINGTON B'CH CA AURORA COHOUSTON TXHOUSTON TXPORT RICHEY FL BONSALL CAPINELLAS COUNTY FL SAN FRANCISCO CA HONOLULU HISAN DIEGO CALITTLETON CO

FOREIGN INVESTOR

PAN PACIFIC HOTELIERS INC MARUKO INCSEIYU INTERNATIONAL CORPORATION YIP-LU PARTNERSHIP TOA KOGYO COMITSUBISHI ESTATE CO. ET AL NANGAKU, MASAO SUEBA CORPYJ LOVELL (HOLDINGS) PLC YIP-LU PARTNERSHIP HOHKOKU KOHSAN CO TAIYO CORPNAKANO INTERNATIONAL CORPJAPANESE INVESTORGERMAN INVESTORGREEK INVESTMENT GROUPSIR ROBERT McALPlNE & SONS LTD,& LYNTONTOMOE SHOKAI LTDIMMOBILIA INTERNATIONALAROSA INCTOHSHIN CORPCANADIAN INVESTORINAGEYATRIZEC CORP LTD 15915 KATY FREEWAY INC.BOGAMIJ NV & DUTCH METALWORKERS PEN FUNDKAJIMA CORPOHBAYASHI CORPSHERLON INVESTMENTS CORPNIPPON LIFE INSURANCE COROGIA NVZENITAKA CORPPATHE COMMUNICATIONSJEF INC.JANIVO GROUP SHIMIZU LAND CORP CHIYODA LIFE ROGIA NVGEORGE WIMPEY INC HASEKO CORP YIP-LU PARTNERSHIP FINNISH INVESTORS GREEK INVESTMENT GROUP WETERINGWEG VASTGOED BV CENTRUMINVEST AB MELITTA INTERNATIONAL POWER. ROBIN NANSAY INTERNATIONAL NAKANO VINEGAR CO LTD YIP-LU PARTNERSHIP

NA TY VALUE ($ MILLION)

JA RE 15.3JA AM 15.2JA AM 67.0TW AM 0.7JA RE 33.0JA RE 74.0JA OT 90.0GE AM 14.5UK JV 10.5TW AM 2.5JA AM 24.0JA RE 35.0JA JV 18.0JA JV 1.1GE JVGR AM 14.0UK JV 50.0JA AM 70.0SW AM 13.5CA AM 1.5JA AM 33.0CA AMJA AM 5.0CA RE 57.0GR AMNL AM 90.0JA AM 70.0JA JV 100.0NA AM 12.0JA JV 166.3BE AMJA JV 25.0IT AM 24.0FR AM 3.4NL OT 50.0JA JV 36.5JA OTBE AM 30.0UK OTJA JVTW AM 2.0FI AMGR AMNL AM 2.5SW OT 27.0GE OT 6.1El AM 130.8JA JVJA AM 23.9TW AM 15.5

Iooo\t



SIC US FIRM NAME LOCATION TS FOREIGN INVESTOR NA TY VALUE($ MILLION)

**** SHOPPING CENTER-POWERLINE ROAD BOCA RATON FL SWISS INVESTORS SZ AM 10.3**** STONEBRIDGE RANCH MCKINNEY TX YUKIO KITANO JA AM 61.0**** SUNBANK CENTER FORT LAUDERDALE FL NISSHO IWAI CORP JA OT 15.0**** THE CLARIDGE DALLAS TX PETER KURTS GROUP AS AM 25.0**** THE GRAND MIAMI FL PIERRE HEAFEY ET AL CA AM 30.0**** THE SHOPPES OF ORCHID LAKE PORT RICHEY FL WETERINGWEG VASTGOED BV NL AM 2.5**** UNITED ENGINEERS BUILDING PHILADELPHIA PA SHUWA CORP JA AM 71.0•kick* UNITY BUILDING HONOLULU HI GRC CO LTD JA AM 43.0**** VILLAGE OF FONDREN CONDOMINIUMS HOUSTON TX CHIN, GORDON HK AM 1.5**** WARNER CORPORATE CENTER LOS ANGELES CA NOMURA REAL ESTATE INTERNATIONAL INC JA AM 76.0**** WATERFORD SQUARE HOUSTON TX PETER KURTS GROUP AS AM 5.5■k-k-k-k WATERSIDE APARTMENTS CHESTERFIELD CY VA NISSEN DEVELOPMENT JA JV**** WEST SHORE PLAZA TAMPA FL GROSVENOR INTERNATIONAL ATLANTIC LTD UK AM 87.7**** WESTRIDGE SHOPPING CENTER OAHU HI TOKAI RAYON JA AM 14.9**** WILLOWBROOK I AND II HOUSTON TX VICTOR Y RENEDIOS SP AM**** WILSHIRE COURT BUILDING LOS ANGELES CA HA# STEVEN KS AM**** WILSH1RE PARK PLACE LOS ANGELES CA LUCKY GOLD STAR INC KS JV**** WOODS ON LA MONTE APARTMENTS HOUSTON TX FIDINAM INVESTMENT CONSULTING INC. SZ AM 10.0

I00

1



APPENDIX B


BY

SOURCE COUNTRY



1990 FOREIGN INVESTMENTS, COMPLETED, BY SOURCE COUNTRY

US FIRM NAME

ANDORRA OFFICE OF TOURISMMANOLO BLAHNIK BOUTIQUEPALIZZIO INCBAKER PACIFIC CORPCALIFORNIACHEP USACINEBOOKS INCCOURTS OF MUSEUMS GATEGARDENAMERICA CORPHERCULES' PURE CULTURE PRODUCTSNEW ENGLAND FARMERNMB-RAMTRON CORPORBITAL ENGINE CO USA INCSEAGULL ENERGY CORP'S JOINT VENTURESHERIDAN BOUTIQUESKY REACH CORPSOAP OPERA DIGESTSOUTH PACIFIC NETWORK CABLE VENTURE STAR FIELDS OF ASTRAEA THE CLARIDGETHORNE ENVIRONMENTAL INC TNT CONTRACT LOGISTICS TNT RED STAR EXPRESS INC TNT RED STAR EXPRESS INC TNT REDDAWAY UNITED TRUCK LINES INC WATERFORD SQUARE ALFIT AMERICA INC HOGUET KELLER WITTMAN CO PLACE DE ANTIQUARES GAY & TAYLOR INC BEST VIDEO INC FOAMEX PRDTS INC HORIZON INDUSTRIES INC INTEROX AMERICAKUHLMAN CORP’S BLOW-MOLDED PLASTICS OFFICE BUILDING-1212 MAIN PARK TOWERS NORTH & SOUTH - 921 MAIN SOLVAY DEXTERSTANDARD CONCRETE PRODUCTS INCUNIVERSAL FOODS' STELLA CHEESE DIVTOFINI, ELZAALUMINUM DIECASTING COBATTLE CREEK INTERNATIONAL GATEWAYBLISS & LAUGHLIN INDUSTRIES INCCAMEX INCCASTLE MOUNTAIN PROJECT COMMONWEALTH INSURANCE CO DAILY RECORD DIANA DOLLS FASHIONS

LOCATION TS SIC FOREIGN INVESTOR TY VALUE($ MILLION)

NEW YORK NY 9611 ANDORRA, GOVERNMENT OF OTNEW YORK NY 5661 BLAHNIK. MANOLO OTNEW YORK NY 3144 FALCHI, CARLOS AMLONG BEACH CA 4959 PACKER, KERRY AMLOS ANGELES CA 2721 PACKER, KERRY ElLOS ANGELES CA 4212 BRAMBLES INDUSTRIES LTD OT 85.0EVANSTON IL 2731 NEWS CORP LTD, THE AMHOUSTON TX **** PETER KURTS GROUP AMCARSON CITY NV 3432 JAMES HARDIE INDUSTRIES LTD AM 40.0HUTCHINSON MN 2099 BURNS, PHILIP & CO LTD AMST JOHNSBURY VT 2721 MARINYA MEDIA P/L AMCOLORADO SPRGS CO 3674 RAMTRON AUSTRALIA LTD JVTECUMSEH MI 3714 ORBITAL ENGINE CO NPGULF OF MEXICO TX 1311 AMPOL EXPLORATION LTD JVSHORT HILLS NJ 5719 BRENMOSS GROUP HOLDINGS PTY LTD PEPETERSBURG OH 7559 BRAMBLES INDUSTRIES LTD AM 12.0NEW YORK NY 2721 NEWS CORP LTD, THE . AM 37.6HONOLULU HI 4813 AUSTRALIA, GOVERNMENT OF JVWASHINGTON DC 5942 BANKS, NORRIS OT

25.0DALLAS TX **** PETER KURTS GROUP AMLONG BEACH CA 4959 PACKER, KERRY AMDES PLAINES IL 4731 TNT LTD OTBRUNSWICK NJ 4231 TNT LTD OTLONDONDERRY NH 4231 TNT LTD OTSAN DIEGO CA 4231 TNT LTD OTSPOKANE WA 4213 TNT LTD AMHOUSTON TX **** PETER KURTS GROUP AM 5.5CHESTERFIELD VA 3499 ALFIT SCHUBLADEN-FUHRUNGEN GMBH NP 3.2NEW YORK NY 6211 CREDITANSTALT-BANKVEREIN AMNEW YORK NY 5632 DEMNER FAMILY OTWINSTON SALEM NC 6411 EUROPEAN INTERNATIONAL REINSURRANCE CO AMOKLAHOMA CITY OK 7841 SUPERCLUB NV AME.PROVIDENCE RI 3086 GENERALE DE BELGIQUE SA STE AM 215.0CALHOUN GA 2273 BEAULIEU TERLEMBEEK AMDEERPARK TX 2819 SOLVAY & CIE, ET AL PE

45.0BRISTOL PA 3089 SOLVAY & CIE SA AMHOUSTON TX **** ROGIA NV AMHOUSTON TX **** ROGIA NV AM 30.0GRAND PRAIRIE TX 3081 SOLVAY & CIE SA JVSANTA ROSA CA 3273 GENERALE DE BELGIQUE SA AMPERU IN 2022 R T HOLDING SA AMDALLAS TX 5661 TOFINI, ELZA OTMIRA LOMA CA 3363 UNIDENTIFIED PRIVATE COMPANY AMBATTLE CREEK MI 4013 CANADA, GOVERNMENT OF OTHARVEY IL 3312 STELCO INC AM 18.7BOSTON MA 7373 BRONFMAN FAMILY AMHART CA 1041 VICEROY GOLD CORP OT 2.0NEW YORK NY 6331 FAIRFAX FINANCIAL HOLDINGS LTD AM 49.0SAN MARCOS TX 2711 BLACK, CONRAD AMWILLS POINT TX 2399 DIANA DOLLS FASHIONS NP



NA US FIRM NAME

CA DUTAILIER INCCA EOEN BREWING COCA FINANCIAL PLANNINGCA FRENCH VILLAGE APARTMENTSCA GALAXY CABLEVISION S CABLE SYSTEMCA HALF-BLOCK SITE, JACKSON & GRIFFIN STSCA HEALTH FACILITIESCA JAMES RIVER CORP S PAPER MILLCA KALAMA CHEMICAL INCCA LEARJET CORPCA MEGA DEVELOPMENT CORPCA MET-HOTELSCA MOLSON BREWERIES USA INCCA NEW ENGLAND COMMERCIAL FINANCE CORPCA NEW JOURNAL ET ALCA NEW YORK & FOREIGN SECURITIES CORPCA NORTH RIVER MANUFACTURING COCA NORTHERN TELECOM INCCA OFFICE BUILDINGCA OFFICE BUILDING, 1010 E. ARAPAHOCA OFFICE BUILDING AND 22 ACRESCA PARAGON FAMILY SERVICES INCCA PERAFLEX HOSE INCCA PHIPPS PRESS INCCA PREMIUM BEVERAGES INCCA PRESCOTT PAPER COCA RYDER BULK TRANSPORTATION SERVICES INCCA SEAWOOD SHIPPING (USA) INCCA SENTINEL STANDARD ET ALCA SLACK TRANSPORT COCA SHITTY'S SUPER VALU INCCA SOO LINE CORPCA ST LAWRENCE STARCH CO LTDCA THE GRANDCA TRIDON INCCA UJB FINANCIAL CORPCA UNITED ALASKA FUELS CORPCA VALCO WOOD PRODUCTS COCH CHINA ECONOMIC TRADE INFO CONSULTING INCCH WSI CORPCl CHILEAN LINE INCOA AARHUS INCDA BRIDGE TERMINAL SERVICEDA CONTINENTAL AIRLINE HOLDINGS INC

DA lSS*"lNTERNATIONAL SERVICE SYSTEMS INCDA UNIVERSAL MARITIME SERVICES CORPEl ARAN ENERGY CORPEl BETCO BLOCK & PRODUCTS INCEl BOISE CASCADE CORP S PLANTS (2)

LOCATION TS SIC

MARTINSVILLE VA 2511EOEN NY 2082ATLANTA GA 2721HOUSTON TX ****

TX 4841DALLAS TXNEW PORT RICHY FL 8059BOSTON MA 2621SEATTLE WA 2865WICHITA KS 3721HOUSTON TX 6552PHOENIX AZ 7011RESTON VA 2082BOSTON MA 6021MANSFIELD OH 2711NEW YORK NY 6282WATERTOWN NY 2677VALHALLA NY 3661PHOENIX AZ •kitit'k

RICHARDSON TX it***

WOODLAND HILLS CA ****

HOUSTON TX 7261BUFFALO NY 3052FREEPORT NY 2752WYOMISSING PA 2086OGDENSBURG NY 2674MIAMI FL 4213PORTLAND OR 4412IONIA MI 2711BUFFALO NY 4213PHOENIX AZ 5411MINNEAPOLIS MN 4011DECATURMIAMI

ILFL

2046****

NASHVILLE TN 3714PRINCETON NJ 6712HOUSTON TX 4922MALONE NY 2511LOS ANGELES CA 9611CAMARILLO CA 5091MIAMI FL 4412PORT NEWARK NJ 2079NEW ORLEANS LA 4491HOUSTON TX 4512BETHLEHEM PA 3535NEW YORK NY 7359BALTIMORE MD 4491HOUSTON TX 1311BETHESDA MD 3271MILFORD CT 2653

FOREIGN INVESTOR

DUTAILIER INCEDEN SPRINGS BREWING COTHOMSON, KENNETH RLEUNG, TAK-LEE AND LOING, G. ALOYSIUS MOFFAT COMMUNICATIONS LTDTERRA CORPYORK HANNOVER NURSING CENTER INC TEMBEC INCB.C. SUGAR REFINERY LTD BOMBARDIER FAMILY HUDSON BAY COCANADIAN PACIFIC HOTELS AND RESORTSMOLSON COS LTDNATIONAL BANK OF CANADATHOMSON, KENNETH RFAHNESTOCK VINER HOLDINGS INCREICHMANN FAMILYBELL CANADAAROSA INCCANADIAN INVESTORTRIZEC CORP LTDLOEWEN GROUPPERAFLEX HOSE INCSOBEY FAMILYBRONFMAN FAMILYPRESCOTT PAPER COTRIMAC LTD ,SEAWOOD SHIPPING (BC) LTDBLACK, CONRADSLACK TRANSPORT COSTEINBERG FAMILYCANADIAN PACIFIC LTDST LAWRENCE STARCH CO LTDPIERRE HEAFEY ET ALTRIDON LTDBANK OF MONTREALNOVA CORP OF ALBERTA ET ALVALCO FURNITURE LTD ucuTPEOPLES REPUBLIC OF CHINA, GOVERNMENTCHINA BICYCLE CORPCHILEAN LINE SUD AMERICANA OE VAPORES AARHUS OLIEFABRIK A/S

DENMARK^NORWAY. SWEDEN, GOVERNMENTS CFLS INDUSTRIES A/SINTERNATIONAL SERVICE SYSTEMS A/SMOLLER FAMILYARAN ENERGY PLCCRH PLCSMURFIT FAMILY

TY VALUE($ MILLION)

NP 1.3NP 2.9AMAM 0.2AM 20.0REAMAM 50.0ElAM 75.0ElAMOTAMAM 270.0AMPE 5.1PEAM 1.5AMRE 57.0AM 65.5OTAMAMOTAMOTAMOTPE 50.0El 95.0NPAM 30.0NP 9.0AM 250.0AMNP 5.0

F OT 0.5AMOTNP 15.0OTEl 106.0AM 75.0El 15.6OTOTAMAM

IVX>

I



NA US FIRM NAME LOCATION TS

El DRUG DELIVERY SYSTEMS INC NEW YORK NYEl EASTERN PRESTRESSED CONCRETE SYSTEMS HATFIELD PAEl GLORIA ENTERPRISES INCEl GOLDEN STATE NEWSPRINT CO POMONA CAEl HGP INDUSTRIES DALLAS TXEl INDUSTRIAL DEVELOPMENT AUTHORITY SAN JOSE CAEl SAN FRANCISCO CENTRE SAN FRANCISCO CAFI AHLSTROM PYROPOWER INC SAN DIEGO CAFI AMERICAN BRASS CO BUFFALO NYFI FRENCHMEN’S CREEK APARTMENTS HOUSTON TXFI GENENCOR INTERNATIONAL INC ROCHESTER NYFI KAMYR VALVES INC GLENS FALLS NYFI MARATHON ENGINEERS/ARCHITECTS/PLANNERS MENASHA WIFI PINE FOREST APARTMENTS HOUSTON TXFI SANDY HILL CORP HUDSON FALLS NYFI WARTSI LA DIESEL INC CHESTERTOWN MDFR AGATHA NEW YORK NYFR AIR FRANCE GROUP NEW YORK NYFR AIR & WATER TECHNOLOGICES CORP BRANCHBURG NJFR AIRBUS INDUSTRIES OF NO AMERICA FAIRFAX VAFR ALLOY & STAINLESS INC MAHWAH NJFR AMERICAN PHOTO NEW YORK NYFR ATOCHEM NORTH AMERICA INC PHILADELPHIA PAFR ATOCHEM NORTH AMERICA INC PRYOR OKFR AUCHAN INC CHICAGO ILFR AUCHAN INC HOUSTON TXFR BETHFORGE DIVISION VENTURE BETHLEHEM PAFR BLACK & DECKER'S BOSTIK DIV MIDDLETON MAFR BLACKSTONE GROUP NEW YORK NYFR CARTIER HAWAII INC HONOLULU HIFR CARTIER INC BEVERLY HILLS CAFR CELINE INC BEVERLY HILLS CAFR CELINE INC SAN FRANCISCO CAFR CELINE INC NEW YORK NYFR CENTRAL BANK WALNUT CREEK CAFR CGM NORTH AMERICA MURRAY HILL NJFR CHALONE INC SAN FRANCISCO CAFR CHANEL BOUTIQUE COSTA MESA CAFR CHEVIGNON NO AMERICA NEW YORK NYFR CLUETT PEABODY'S DIV WEST POINT GAFR CONTINENTAL FLAVORS & FRAGRANCES INC BREA CAFR COPPERWELD CORP PITTSBURGH PAFR COPPERWELD CORP BIRMINGHAM ALFR COPPERWELD CORP SHELBY OHFR CRUISE INT'L'S HARBOR TOUR OPERATIONS NORFOLK VAFR CSC INDUSTRIES INC WARREN OHFR CYCLIX COMMUNICATIONS CORP MEMPHIS TNFR DIOR, CHRISTIAN BEVERLY HILLS CAFR DIOR, CHRISTIAN NEW YORK NYFR DIOR. CHRISTIAN HONOLULU HI

FOREIGN INVESTOR TY VALUE($ MILLION)

ELAN CORP PLC AMCRH PLC AMCRH PLC AMSMURFIT FAMILY AM 95.0CRH PLC AMIRELAND, GOVERNMENT OF THE REPUBLIC OF OTPOWER, ROBIN AM 130.8A AHLSTROM OY PEFINLAND, GOVERNMENT OF AM 200.0FINNISH INVESTORS AMCULTOR LTD JVA AHLSTROM OY AMJP-FINANCE OY AMFINNISH INVESTORS AMA AHLSTROM CORP AMWARTSI LA AB OY OTQUINIOU SANDR1NE & MICHEL OTFRANCE. GOVERNMENT OF OTFRANCE, GOVERNMENT OF AM 100.0FRANCE, GOVERNMENT OF ET AL OTFRANCE. GOVERNMENT OF AMLAGARDERE. JEAN-LUC & FILIPACCHI, DANIEL PE 4.0FRANCE. GOVERNMENT OF NPFRANCE. GOVERNMENT OF NP 6.0MULLIEZ, GERARD FAMILY OTMULLIEZ, GERARD FAMILY OTFRANCE. GOVERNMENT OF JVFRANCE. GOVERNMENT OF AM 345.0BANQUE INDOSUEZ JVCARTIER FAMILY OTCARTIER FAMILY OTARNAULT FAMILY OTARNAULT FAMILY OTARNAULT FAMILY OTBANQUE NATIONALE DE PARIS AM 42.5FRANCE, GOVERNMENT OF OTBARON ERIC DE ROTHSCHILD ElWERTHEIMER FAMILY OTAZOULAY, GUY OTBIDERMANN SA AM 410.0FRANCE, GOVERNMENT OF AMFRANCE, GOVERNMENT OF El 80.0FRANCE, GOVERNMENT OF NP 13.0FRANCE, GOVERNMENT OF PE 32.6SODEXHO SA AMFRANCE, GOVERNMENT OF ElFRANCE, GOVERNMENT OF AMARNAULT FAMILY OTARNAULT FAMILY OTARNAULT FAMILY OT

SIC

512232723272262132319611****

34433351****

873134948712****

355435195632451238235088331227212819289553315331331228916211594459445611561156116022441220845632565123212087331333173317448933124813562156215621



NA US FIRM NAME LOCATION TS SIC FOREIGN INVESTOR TY VALUE($ MILLION)

FR EDGCOMB CORP FP rcconr rnPP

FR GAF CORP'S SPECIALTY CHEMICAL DIVFR GALERIES LAFAYETTEFR GEORGETOWN UNIMETAL SALESFR HERMESFR HERMES OF PARIS INCFR HONEYWELL FEDERAL SYSTEMS INCFR HOWMET CORPFR HUNTLEY'S JIFFY STORES INCFR INFONET SERVICES CORPFR INTERSTATE STEEL CORPFR J&L SPECIALTY PRODUCTS CORPFR LAFARGE CORPFR LECLERC, E.FR MACK TRUCKS INCFR MALAPI RESOURCES COFR MANEKIN CORPFR MOTEL 6FR NEOTUFR NORTON COFR OFFICE DEPOT INCFR OFFICE TOWER - 1001 N. CENTRAL AVEFR PARKER LAFARGE INCFR ROGER CLEVELAND GOLF COFR RORER GROUP INCFR SOUND & IMAGEFR STANDARD SLAG CO ET ALFR TAMBRAND'S PHYSICIANS FORMULA COSMETICSFR TECHALLOY INCFR TRANSITION OPTICAL INCFR UNIROYAL GOODRICH TIRE COFR WANG'S INTECOM INCFR WELLS, RICH, GREENE INCFR YVES SAINT LAURENT BOUTIQUEGE AGRION CORPGE AIR PRODUCTS & CHEMICALS HOUDRY DIVGE AMERICAN CYNAMID’S HOUSEHOLD PRDTSGE AMERICAN TRUETZSCHLERGE BARDEN CORPGE BASF CANADA INCGE BASF CORPGE BASF CORPGE BASF CORPGE BASF STRUCTURAL MATERIALS INCGE BHCGE BISHOP PIPELINE CORPGE CODON INCGE CUSTOM COMPOUNDING INCGE ECOLAB INC

NASHUA NH 5051 FRANCE, GOVERNMENT OFNEWPORT NEWS VA 3241 POILET SA ET ALWAYNE NJ 2819 FRANCE, GOVERNMENT OFNEW YORK NY 5621 MEYER, GEORGE FAMILYCHARLOTTE NC 5051 FRANCE, GOVERNMENT OFMCLEAN VA 5632 JEAN-LOUIS DUMAS-HERMESCHICAGO IL 5611 JEAN-LOUIS DUMAS-HERMESVIENNA VA 5045 FRANCE, GOVERNMENT OFNO. HAVEN CT 3724 FRANCE, GOVERNMENT OFJACKSONVILLE FL 5411 SOCIETE DOCKS DE FRANCEEL SEGUNDO CA 4813 FRANCE, GERMANY, SPAIN, GOV'TS OFDES PLAINES IL 5051 FRANCE, GOVERNMENT OFPITTSBURGH PA 3312 FRANCE, GOVERNMENT OFSEATTLE WA 3241 LAFARGE COPPEE SAGLEN BURNIE MD 5499 LECLERC, E.ALLENTOWN PA 3711 FRANCE, GOVERNMENT OFPHOENIX AZ 1094 FRANCE, GOVERNMENT OFOWINGS MILLS MD 3613 PARISIENNE D'ENTERPRISES ET DE PARTDALLAS TX 7011 ACCOR SANEW YORK NY 5712 STAUDENMEYER & PIERRE DALMANWORCESTER MA 3291 FRANCE, GOVERNMENT OFBOCA RATON FL 5943 FOURNIER, JACQUES FAMILY ET ALPHOENIX AZ **** JEF INC.HOUSTON TX 3241 LAFARGE COPPEE SAPARAMOUNT CA 3949 SKIS ROSSIGNOL SAFT WASHINGTON PA 2834 FRANCE, GOVERNMENT OFNEW YORK NY 2721 LAGARDERE, JEAN-LUC & FILIPACCHI. DANIELYOUNGSTOWN OH 1442 LAFARGE COPPEE SACITY OF INDUSTRYCA 2844 PIERRE FABRE SARAHNS PA 3315 FRANCE, GOVERNMENT OFST PETERSBURG FL 3851 SOCIETE VALOPTECAKRON OH 3011 MICHELIN FAMILYALLEN TX 3661 FRANCE, GOVERNMENT OFNEW YORK NY 7311 GROUPE BOULET DRU DUPUIS PETIT SANEW YORK NY 5999 PIERRE BERGE/YVES SAINT LAURENT ET ALDES MOINES IA 2836 BAYER AGALLENTOWN PA 2869 SUED CHEMIEWAYNE NJ 2841 HENKEL KGAACHARLOTTE NC 5084 TRUTZSCHLER GMBH & CODANBURY CT 3562 FAG KUGELFISCHER

NJ 3089 BASF AGMONACA PA 2899 BASF AGFREEPORT TX 2861 BASF AGGEISMAR LA 2879 BASF AGROCK HILL NC 2865 BASF AGBISHOP TX 2834 HOECHST AG ET ALHOUSTON TX 4922 METALLGESSELLSCHAFT AGSAN FRANCISCO CA 8731 SCHERING AGASTON PA 3087 HOECHST AGST PAUL MN 2841 HENKEL KGAA

AMNPAM 480.0OTJVOTOTAM 93.0NPAM 100.0JVAMAM 570.0NPOT 10.0El 103.0AM 38.0OTAM 1,300.0OTAM 1,900.0ElAM 3.4AMAMAM 1,700.0OTAM 91.4AMAMJV 19.5AM 1,500.0AM 26.0AMOTAMAMAM 130.2PEAM 131.0NPPE 29.0PE 52.5PE 83.5PE 50.0PEAMAM 85.0AMAM 110.0

i

A*I




GE EMERY GROUP CINCINATTI OHGE ENSR CORP HOUSTON TXGE ESCADA USA NEW YORK NYGE FERAUD, LOUIS NEW YORK NYGE FIREMAN’S FUND INSURANCE CO NOVATO CAGE GEN SIGNAL'S DYNAPOWER/STRATOPOWER DIV WATERTOWN NYGE GENERAL SIGNAL'S NY AIR BRAKE WATERTOWN NYGE GLEACHER MORGAN GRENFELL INC NEW YORK NYGE GOLDPFEIL HONOLULU HIGE GOLDPFEIL BEVERLY HILLS CAGE GOLDSCHMIDT CHEMICAL CO HOPEWELL VAGE HARRIS GRAPHICS CORP KENNEDALE TXGE HAYWOOD WINERY SONOMA CAGE HENKEL CORP CINCINNATI OHGE HOECHST CELANESE CORP BAY CITY TXGE HOECHST CELANESE CORP PORTSMOUTH VAGE HOECHST CELANESE FIBER & FILM CHARLOTTE NCGE ICEM SYSTEMS MINNEAPOLIS MNGE INGERSOLL EQUIPMENT CO INC WINNECONNE WIGE JOHNSON & JOHNSON’S INFANT TOY DIV NEW BRUNSWICK NJGE KANSAS CITY SOUTHERN’S MARTEC PHARM KANSAS CITY MOGE LUFTHANSA GERMAN AIRLINES FAIRBANKS AKGE MEGA PUMPS CHARLOTTE NCGE MIRAGE APARTMENTS HOUSTON TXGE MOBAY CORP BAYTOWN TXGE NCC INDUSTRIES INC CORTLAND NYGE OAK LAWN OFFICE TOWER DALLAS TXGE PIERREMONT PLAZA ATLANTA GAGE POTOMAC ELECTRIC POWER CO FACILITY LOUDOUN COUNTY VAGE QUANTUM MEDICAL SYSTEMS INC ISSAQUAH WAGE RECOGNITION EQUIP’S WAND PRDTS DIV IRVING TXGE RILEY CONSOLIDATED INC WORCESTER MAGE ROYAL ZENITH INC GREAT NECK NYGE RUBIN ICOT CENTER PINELLAS COUNTY FLGE SCHAEFER SYSTEM INTL CHARLOTTE NCGE SILICONIX INC SANTA CLARA CAGE SMITHKLINE BEECHAM S NO AMERICA HHOD/PDT ROCKWOOD MIGE STEILMANN EUROPEAN SELECTION PRINCETON NJGE STEILMANN EUROPEAN SELECTION CHEVY CHASE MDGE STOLBERGER INC CHARLOTTE NCGE TLT-BABCOCK INC FAIRLAWN OHGE UGI'S CARBON DIOXIDE PRODUCTS PLANT BAYPORT TXGE UNION CARBIDE’S DETERGENT DIVISION DANBURY CTGE VERMONT AMERICAN CORP LOUISVILLE KYGE VOLKSWAGEN OF AMERICA DESIGN CENTER LOS ANGELES CAGE WELLA CORP RICHMOND VAGE WORTHINGTON INDUSTRIES INC S VENTURE COLUMBUS OHGE ZUA AUTO PARTS INC GAINESVILLE GAGR COMMERCIAL BLDG; 12603 SW FREEWAY STAFFORD TXGR OB’S 50 BRIAR HOL'W (2), 1900 N LOOP (1) HOUSTON TX


HENKEL KGAA PENUKEM GMBH AM 125.0LEY, WOLFGANG & MARGARETHA ET AL OTFERAUD, LOUIS OTALLIANZ AG AM 3,300.0KNORR-BREMSE AG AMKNORR-BREMSE AG AMDEUTSCHE BANK AG AM 25.0GOLDPFEIL, LUDWIG OTGOLDPFEIL, LUDWIG OTGOLDSCHMIDT AG PE 8.5RHEINSCH-WESTFALISCHES ELEK PE 3.0RACKE INTL AMHENKEL KGAA JV 65.0HOECHST AG NPHOECHST AG PEHOECHST AG OTGERMANY, GOVERNMENT OF JVGUTBROD-WERKE GESELLSCHAFT AMBERTELSMANN AG AM 20.0MERCKLE GMBH CHEM-PHARM FABRIK AMGERMANY, GOVERNMENT OF OTMEGAPLAST DOSIERSYSTEME GMBH OTSUEBA CORP AM 14.5BAYER AG PESPIESSHOFER, GUENTHER ElGERMAN INVESTOR JVFUNDOS FONDS AM 48.0SIEMENS AG JVSIEMENS AG AMSIEMENS AG AM 8.8DEUTSCHE BABCOCK AG AMGERMANY, GOVERNMENT OF AM 100.0MELITTA INTERNATIONAL OT 6.1FRITZ SCHAEFER GMBH OTDAIMLER-BENZ AG El 13.0BENCKISER GMBH , JOH A. AM 51.5STEILMANN, KLAUS OTSTEILMANN, KLAUS OTSTOLBERGER GMBH OTDEUTSCHE BABCOCK AG PEHOECHST AG AMHOECHST AG AMROBERT BOSCH INDUSTRIETREUHAND KG AM 223.4GERMANY, GOVERNMENT OF NPWELLA AG PETHYSSEN AG JVZAHNRADFABRIK FRIEDRICHSAFEN AG ET AL NP 15.0GREEK INVESTMENT GROUP AM 3.7GREEK INVESTMENT GROUP AM 14.0

SIC

28218748563256216331359437436211594859482821355520842841286928192824737335243942512245123586****

28212342****

701149113845357734335084****

35353674284156215621508435642813284134253711289950513714****


1990 FOREIGN INVESTMENTS, COMPLETED. BY SOURCE COUNTRY

NA US FIRM NAME

GR OFFICE BUILDING - 15915 KATY FREEWAYGR REGENCY CENTERHK ARENA TOWER IIHK BANYAN INN MARKETPLACE IN LAHAINAHK CARROLL REED'S WOMEN APPARELHK CASWELL MASSEY CO LTDHK CENTRAL PLAZAHK CITIBANK-ALBANY NY BRANCHESHK EECO COMPUTER INCHK FOX RUN APARTMENTSHK JARDINE RADIX INTERNATIONALHK MADISON'S INCHK RANDIX INDUSTRIESHK VILLAGE OF FONDREN CONDOMINIUMSHK WHITNEY CRESSMAN LTDIS IRIS GRAPHICS INCIS THREE PHOENIX COIT ABBOUD, JOSEPHIT BERETTA USA CORPIT BUSINESS MEN'S ASSURANCE CO OF AMERICAIT COMAU PRODUCTIVITY SYSTEMS INCIT CP COMPANYIT DEE HOWARD COIT ELECTRONIC TECHNOLOGY SYSTEMS INCIT EMPORIO ARMANI BOUTIQUEIT ERBAMONT INCIT ERMENEGILDO ZEGNA USAIT FENDIIT FENDIIT GALPERTI MACHINE WORKSIT GFT USA INCIT GUCCI AMERICA INCIT HIMONT INCIT HIMONT INCIT II BISONETIT INTERMARINE USAIT LITERAL CORPIT MGM/UA COMMUNICATIONS COIT OFFICE TOWER ON WILSHIRE BLVDIT OIL LEASESIT PRINCE HOLDINGS INCIT SPAZIO ROMEO GIGLIIT UNIVERSE BOOKS INCIT VALENTINO BOUTIQUEIT VOICEMAIL INTL INCIZ SAKS FIFTH AVEJA 1340 ACRES FOR COMMERCIAL DEVELOPMENTJA 26 ACRES COMMERCIAL LANDJA 297 ACRESJA 53-ACRE SITE

LOCATION TS SIC FOREIGN INVESTOR

HOUSTON TX ★*** 15915 KATY FREEWAY INC.HOUSTON TX GREEK INVESTMENT GROUPHOUSTON TX **** HONG KONG INVESTORSMAUI HI DUDDLE INTERNATIONAL LTDCONWAY NH 5699 SWIRE PACIFIC LTDNEW YORK NY 2844 HSU, PETERLOS ANGELES CA **** 7UFU PROPERTIES CO LTDALBANY NY 6022 HONGKONGBANK GROUPSANTA ANA CA 3679 DATAPREP LTDLAKEWOOD CO **** HONG KONG INVESTOR GROUPLOS ANGELES CA 4731 JARDINE MATHESON LTDCOLUMBUS OH 5621 YANGTZEKIANG GARMENT MFG CO LTD

MA 3699 STARLIGHT INTLHOUSTON TX **** CHIN, GORDONSAN FRANCISCO CA 6531 FIRST PACIFIC DAVIES LTDBEDFORD MA 3577 SCITEX GROUP LTDPHOENIZ AZ 3825 DPA TECHNOLOGY SYSTEMSBOSTON MA 5611 GRUPPO GFT ET ALACCOKEEK MD 3484 FABRICA D'ARMI PIETRO BERETTA SPAKANSAS CITY MO 6311 GENERALI-ASSICURAZIONI GENERALI SPATROY MI 3623 FIAT SPANEW YORK NY 5651 GRUPPO GFT ET ALSAN ANTONIO TX 4581 ITALY, GOVERNMENT OFNEW KESINGTON PA 3629 ITALY, GOVERNMENT OFHONOLULU HI 5651 ARMANI, GIORGIOSTAMFORD CT 2834 FERRUZZI GROUPNEW YORK NY 5611 ZEGNA FAMILYSTAMFORD CT 5651 FENDI FAMILYFAIRFAX VA 5651 FENDI FAMILYHOUSTON TX 3463 GALPERTI MACHINE WORKS CORPNEW YORK NY 5611 GFT SPADALLAS TX 5632 GUCCI, MAURIZIO ET ALWILMINGTON DE 2821 FERRUZZI GROUPBAYPORT TX 2821 FERRUZZI GROUPSAN FRANCISCO CA 5632 II BISONETSAVANNAH GA 3731 FERRUZZI GROUPSANTA CLARA CA 3695 OLIVETTI FAMILY ET ALBEVERLY HILLS CA 7812 PARRETTI. GIANCARLO ET ALLOS ANGELES CA ***★ PATHE COMMUNICATIONSGULF OF MEXICO LA 1311 ITALY, GOVERNMENT OFPRINCETON NJ 3949 BENETTON FAMILYNEW YORK NY 5632 ROMEO GIGLI SPAZIO ET ALNEW YORK NY 2731 RIZZOLI SPABEVERLY HILLS CA 5651 GFT SPASANTA CLARA CA 3661 ITALY, GOVERNMENT OFNEW YORK NY 5651 KIRDAR, NEMIR ET ALVALLEJO CA **** MISAWA HOMES COMAKAHA HI **** HAWAII AISTARMIRA LOMA CA **** OHBAYASHI AMERICA CORPANAHEIM CA **** TAIYO DEVELOPMENT

TY VALUE($ MILLION)

AMAMAM 20,0AM 4.5AMAMAMAM 200.0AM 1.9AM 3.1JVAM 5.5AMAM 1.5JVAM 24.0AMJVPE 1.5AM 285.0ElOT 2.0ElAMOTElOTOTOTNP 20.0OTOTEl 594.8NPOTElAM 43.0AM 1,360.0AM 24.0AM 5.5AM 220.0OTAMOT 1.3ElPERE 338.0RE 13.3JV 16.0RE

IvoCTiI



WA US FIRM NAME LOCATION TS

JA ACCUROMM USA INC LEXINGTON KYJA ADVANCED MICRO DEVICES’ PLANT SAN ANTONIO TXJA ALLIED TELESIS PORTSMOUTH NHJA ALPHA THERAPEUTIC CORP LOS ANGELES CAJA AMBRAKE CORP ELIZABETHTOWN KYJA AMERICAN HONDA MOTOR CO PORTLAND ORJA AMERICAN PRECISION MACHINERY INC HOPKINSVILLE KYJA AMOCO NISSEKI CLAF INC ATLANTA GAJA AMOCO/JAPEX JOINT VENTURE GULF OF MEXICO LAJA AMTEK INC PORTLAND ORJA ANDREW JERGENS CO CINCINNATI OHJA ANN KLEIN CO MANHASSET NYJA AP TECHNOGLASS CO BELLEFONTAINE OHJA APOGEE NEW YORK NYJA ARISTECH CHEMICAL CORP PITTSBURGH PAJA ARTISTIC SHOWER DOOR CO INC REDWOOD CITY CAJA ARVIN SANGO INC MADISON INJA ASAHI MOTOR WHEEL CO INC SOMERSET KYJA ASSOCIATED FUEL PUMP SYSTEMS CORP ANDERSON SCJA ATC INC NASHVILLE TNJA ATON COMPONENTS INC LEITCHFIELD KYJA AU'S PLUMBING & METAL WORK INC HONOLULU HIJA AVENTINE CENTER SAN DIEGO CAJA AVX CORP NEW YORK NYJA AZTEC COATING CO LEIPSIC OHJA BANK OF KINKI NEW YORK NYJA BELLEVIEW BILTMORE RESORT HOTEL BELLEAIR FLJA BENT TREE OAKS-FOUNTS-BROOK, & WINDSONG DALLAS TXJA BEST WESTERN FOODS INC LOS ANGELES CAJA BICEN TOOL & SUPPLY CO LEXINGTON KYJA BIOMAGNETIC TECHNOLOGIES INC SAN DIEGO CAJA BIRMINGHAM BARONS BIRMINGHAM ALJA BIRTCHER REAL ESTATE INC LAGUNA NIGUEL CAJA BI-LINGUAL CORP MANHATTAN NYJA BLACK DIAMOND COAL MINE BLACK DIAMOND WAJA BLACKHAWK PLAZA SAN FRANCISCO CAJA BOT FINANCIAL CORPORATION BOSTON MAJA BRENDAMOUR-YOKKAICHI WLDW1DE DIST CORP ERLANGER KYJA BRIDGEFORD GROUP INC NEW YORK NYJA BRIDGESTONE SPORTING GOODS MFG INC COVINGTON GAJA BROD & MCCLUNG PACE CO PORTLAND ORJA BUCK-MATSUMOTO CHUCK CO LOGANSPORT INJA BUG CO LOS ALTOS CAJA B&W CANNING'S JUICE PROC PLANT GROVELAND FLJA CALIFORNIA PORTLAND CEMENT CO LOS ANGELES CAJA CALTRANS BUILDING SACRAMENTO CAJA CAMPBELL NISSAN BUENA PARK ORANGE CTY CAJA CANON USA SO BRUNSWICK NJJA CARMELO POMODORO CO NEW YORK NYJA CAROLCO PICTURES INC LOS ANGELES CA


FUJI SEIKO LTD ET AL OTSONY CORP AM 55.0ALLIED TELESIS KK OTGREEN CROSS CORP, THE PEAKEBONO BRAKE INDUSTRY CO LTD PEHONDA MOTOR CO LTD OTMITSUBISHI HEAVY IND LTD PENIPPON OIL CO LTD JVJAPAN, GOVERNMENT OF JV 15.0ASAHI DENKO KOGYO KK ET AL OTKAO CORP PE 3.0TAKI TOMINO OT 1.0ASAHI GLASS CO LTD ElTOYO MENKA KAISHA LTD JVMITSUBISHI CORP ET AL AM 880.0NIFCO INC AM 3.1SANGO CO LTD PE 9.0NGK INSULATORS LTD ET AL PENIPPONDENSO CO LTD ET AL NP 60.0UBE INDUSTRIES LTD ET AL NP 3.0OIGAWA ELECTRIC CO LTD ET AL NPTAISEI ONCHO KOGYO CO AMJAPANESE INVESTORS OT 200.0KYOCERA CORP AM 620.0KOBE STEEL LTD JV 100.0BANK OF KINKI OTMIDO DEVELOPMENT CO AM 27.5JAPANESE INVESTORS JV 17.8KYOTARU CO LTD AM 41.5TEZUKA KOSAN CO LTD AMSUMITOMO METAL INDUSTRIES LTD AM 10.0SUNTORY LTD AM 3.6MITSUI & CO AM 190.0MINAMI, HIROKO OTUNIDENTIFIED INVESTORS AM 7.0RENOWN OF TOKYO JV 50.0THE BANK OF TOKYO GROUP OTYOKKAICHI WAREHOUSE CO LTD JVINDUSTRIAL BANK OF JAPAN OT 50.0BRIDGESTONE CORP NPSHINKO KOGYO CO LTD AM 62.0MATSUMOTO MACHINE CO LTD JVBUG CO LTD OTUNIDENTIFIED JAPANESE INVESTORS AM 4.0ONODA CEMENT CO LTD AM 229.2EISEN REAL ESTATE CO LTD AM 37.0MARUBENI CORP AMCANON INC NPTAKASHIMAYA CO LTD JVPIONEER ELECTRONIC CORP ET AL AM 60.0

SIC

3546367450652833371450123544229713115146284456213211513728213231371437143714282136451711****

3675331260817011****

2013525138257941655282991212i r i t i t i t

602142266282394934333545357720373241k-k-kit

5511386123357812



NA US FIRM NAME

JA CHAMPION NISSON DEALERSHIPJA CHICAGO RESEARCH AND TRADING GROUP LTDJA COLIN MEDICAL INSTRUMENTS CORPJA COLUMBIA PICTURES ENTERTAINMENT INCJA COMMERCE PLACEJA CONEX CABLE INCJA CONTROL DATA'S MICROGNOSIS INCJA CORNER SITE FIFTH AVENUE AND 42ND STREETJA CORONADO BAY HOTELJA COX CREEK REFINING COJA CR BRAD'S HEALTHCARE CENTERS INCJA CREST ENGINEERING CO LTDJA CROSS & TRECKER'S ROBERTS CORPJA CROSSPOINT SOLUTIONS INCJA CT SCANNER MANUFACTURING INCJA OAIWA INVESTMENT ADVISERSJA DARUMAJA DATA DOCUMENTS SYSTEMS INCJA DATAPRODUCTS CORPJA DEBUR CORPJA DENVER BUFFALO COJA DESCENTEJA DIANAL AMERICA INCJA DIEMAKERS INCJA DOUGLAS AUTOTECH CORPJA DYNAMIC LOOP CORPJA DYNEPCO INCJA D&A TECHNOLOGY INCJA EASTMAN KODAK’S PATHTEK DIVJA EASTMAN KODAK'S VERBATIM CORPJA EICO INCJA EISAI RESEARCH INSTITUTEJA ELBA TOOL COJA EMBASSY SUITES HOTELJA EMPCO INDUSTRIES INCJA EPITAXX INCJA ESKAY CORPJA EXSYS INCJA FARM BUREAU INSURANCE OFFICE BUILDINGJA FEATHER RIVER FOODS INCJA FELISSIMOJA FILTEC INCJA FINE PACK INCJA FOUNDERS CLUB GOLF COJA FOUNTAINGROVE COUNTRY CLUBJA FOXFIRE RESORT AND COUNTRY CLUBJA FOX-LOBER ASSOCIATES INCJA FUJI FOODS US INCJA GECOM CORPJA GENERAL ATOMICS' APPLIED SUPERCONETICS

LOCATION TS SIC

PITTSBURGH CA 5511CHICAGO IL 6221SAN ANTONIO TX 3841CULVER CITY CA 7812BALTIMORE MD ****

DUBLIN CA 3357DANBURY CT 3571NEW YORK NY ****

SAN DIEGO CA 7011CURTIS BAY MD 3331MURRAY HILL NJ 5912MINNEAPOLIS MN 3559LANSING MI 3535SANTA CLARA CA 3674CONCORD MA 3845NEW YORK NY 6282LOS ANGELES CA 5812INDUS AIRPORT KS 2752WOODLAND HILLS CA 3577CHELMSFORD MA 3541DENVER CO 0212DENVER CO 5136HOUSTON TX 2821MONROE CITY MO 3363BRONSON MI 3714WILMINGTON DE 4813FLANDERS NJ 3087MT PLEASANT TN 3211ROCHESTER NY 3674CHARLOTTE NC 3573MILPITAS CA 3672BOSTON MA 8731ELBA NY 3544DOWNEY CA 7011GLENDALE CA 5014PRINCETON NJ 3825BOUNTIFUL UT 5084ALBUQUERQUE DES MOINES

NMIA

5732****

MARYSVILLE CA 203459613714FINLAY OH

FT WAYNE IN 3089SAN MARCOS CA 5941SANTA ANA CA 7997PINEHURST NC 7011NEW YORK NY 7822DENVER CO 2011GREENSBURG IN 3429SAN DIEGO CA 3693

FOREIGN INVESTOR

NISSHO-IWAI CORPMITSUBISHI TRUST AND BANKING CORPORATION COLIN MEDICAL INSTRUMENTS CORP SONY CORPKAJIMA CORPORATION HITACHI CABLE LTD CSK CORP TOUKU COKUMAGAI GUMI-KAVASK1 STEEL CORP ET AL MITSUBISHI METAL CORP KOBAYASHI PHARMACEUTICAL CO JIDOSHA BUHIN KOGYO CO LTD SINTOKOGIO LTD

rnppHITACHI MEDICAL COPR ET ALDAIWA INVESTMENT TRUST AND MANAGEMENT COTAKASAKI BENTO KKNITTO DENKO CORPHITACHI LTDSUMITOMO CORPTOKYO GENERAL CORPDESCENTE LTDMITSUBISHI RAYON CO LTDKANEMATSU CORPFUJI SPINNING CO LTDNIPPON TELEGRAPH & TELEPHONE CORPDAICEL CHEMICAL IND LTDASAHI GLASS CO LTDMITSUI PETROCHEMICAL INOS LTDMITSUBISHI CORPIWATANI INTL CORPEISAI CO LTDAMADA CO LTDSANWA JUTAKU CO LTDT CHATANI & CO LTD ET ALNIPPON SHEET GLASS CO LTDDAIFUKU CO LTDSUMITOMO CORPPLAZA HOMESSHOEI FOODS CORPFELISSIMOTOYO ROKI MANUFACTURING CO LTD CHUO KAGAKU CO LTD ASICS CORPFUTSU GOLF CLUB CO LTO RABEX JAPAN LTD GAGA COMMUNICATIONS INC SEIBU GROUPMITSUI MINING & SMELTING CO LTD TOSHIBA CORP

TY VALUE($ MILLION)

AM 4.3JV 125.0NPOTOT 45.0JVAMRE 30.5JVElAM 20.0AMAM 9.0AM 6.0NP 3.0OTOTAM 16.5AM 160.0AMJVOTNP 20.0AM 28.0AM 2.5OTPEJVAM 4.0AM 200.0AMOTAMAMAM 30.0AM 6.5OTAMAM 16.0AM 2.7OTNPHP 20.0JV 0.5AM 25.0AM 3.5AM 2.7NP 6.0PEAM

IVOCOI



NA US FIRM NAME LOCATION TS SIC FOREIGN INVESTOR TY VALUE($ MILLION)

JA GENERAL VIDEOTEX CORPJA GREENWAY RENAISSANCE HOTELJA GREYHOUND ACCOUNTING CENTERJA GUARDIAN ELECTRIC MFG COJA GULFSTREAM PARK & CALDER RACE COURSEJA G.S.W. MFG INCJA H F AHMANSON & CO HEADQUARTERS BUILDINGJA HACIENDA DE MONTEREY RETIREMENT COMMUNTYJA HAKUHODO ADVERTISING AMERICAJA HAMPTON INN KEY WESTJA HARRINGTON HOISTS INCJA HAWAII BUSINESS PARKJA HAWAII PRINCE HOTELJA HEAVENLY VALLEY SKI RESORTJA HEMMETER AVIATION INCJA HEMMETER CORP BUILDINGJA HENN1NGSEN FOODS INCJA HIGH BLUFF DEL MAR OFFICE BUILDINGJA HILLCREST COUNTRY CLUBJA HILO HAWAIIANJA HITACHIJA HI-LEX CORPJA HOME SAVING OFFICE TOWERJA HONDA R & D NORTH AMERICAJA HONMURA-AN RESTAURANTJA HONOLULU CLUB BUILDINGJA HOOVER GROUP'S BALL PRDTS DIVJA HOTELJA HOTEL INVESTORS CORP-HOTEL INVEST TRUSTJA HOTEL NIKKO ATLANTAJA HOTEL SITES (2) AT KO OLINA RESORTJA HOTEL SITES (4) AT KO OLINA RESORTJA HOWARD H SWEET & SONS INCJA HUDSON SOFT USAJA HUTCHINSON AUTO & TRANSPORT CO INCJA HYATT GRAND CHAMPION HOTELJA HYOGO CULTURE & ECONOMIC CENTERJA IDEC PHARMACEUTICALS CORPJA IMMUNETECH PHARMACEUTICAL S R&DJA IMRA AMERICA INCJA INDIAN RIVER S GRAPEFRUIT PLANTJA INDIAN SUMMER INCJA INDIANA PRECISION TECHNOLOGY INCJA INFORMATION & GRAPHICS SYSTEMS INCJA INSTITUTE FOR BIOLOGICAL R&DJA INTEGRATED CMOS SYSTEMS CORPJA INTELLISTORJA INTEL/NMBS DRAMS FABRICATIONSJA INTERNATIONAL CRANKSHAFT INCJA INTERNATIONAL HOLDING CAPITAL CORP

HARRISBURG PA 7372 ASCII CORP AM 1.0RICHARDSON TX 7011 GGS INVESTMENT INC AMWEST DES MOINES IA **** PLAZA HOMES AM 16.1WOODSTOCK IL 3699 LOIKE ELECTRIC IND CO LTD AM 8.0MIAMI FL 7948 VICTORIA CO LTD AM 50.0FINDLAY OH 3694 SHINSEI HARNESS INC NPLOS ANGELES CA **** KAWASAKI ENTERPRISES INC ET AL AM 45.0PALM DESERT CA **** MARUKO INC AM 27.0NEW YORK NY 7311 HAKUHODO INC PEKEY WEST FL 7011 HINOMARU HIRE CO LTD AMMANHEIM PA 3536 KITO CORP AM 7.8HONOLULU HI **** TOSEI SHOJI CO ET AL AM 12.0HONOLULU HI 7011 SEIBU INC OT 150.0SO. LAKE TAHOE CA 7011 KAMORI KANKO CO AM 90.0HONOLULU HI 4581 KYOTO TUSSHINKI GROUPE AM 10.0HONOLULU HI **** BIGI CORP AMWHITE PLAINS NY 2015 QP CORP AM 12.0DEL MAR CA **** MARUKO INC AM 14.5HOLLYWOOD FL 7999 JAPANESE INVESTOR GROUP AM 9.3HILO HI 7011 TOKYO NISSAN AUTO SALES CO AM 6.7BOSTON MA 3571 HITACHI LTD OTLITCHFIELD MI 3625 NIPPON CABLE SYSTEM INC NPLOS ANGELES CA **** KAWASAKI ENTERPRISES INC AM 83.0MARYSVILLE OH 3711 HONDA MOTOR CO LTD PE 27.0NEW YORK NY 5812 KOBARI FAMILY OTHONOLULU HI **** ARAI & CO LTD AM 29.4ERWIN TN 3562 TSUBAKIMOTO PREC PRDTS CO LTD AM 64.6MAUI HI 7011 DIA CONSTRUCTION CO LTD AM 18.8SAN DIEGO CA 7011 EIE INTERNATIONAL CORP AM 152.2ATLANTA GA 7011 NIKKO HOTELS INTERNATIONAL OTWEST OAHU HI **★* TOWN DEVELOPMENT CO RE 75.0OAHU HI **** TOWN DEVELOPMENT CO LTD RE 110.0ATTLEBORO MA 3911 MITSUKOSHI LTD ET AL AMSAN FRANCISCO CA 7372 HUDSON SOFT CO OTHONOLULU HI 4212 INTERNATIONAL R & D CO LTD AM 8.5INDIAN WELLS CA 7011 JAPANESE INVESTORS AM 66.5SEATTLE WA 9611 HYOGO PREFECTURAL GOVERNMENT OTLOS ANGELES CA 8731 INSTITUTE OF IMMUNOLOGY CO AM 23.0SAN DIEGO CA 8071 TANABE SEIYAKU CO LTD El 37.3ANN ARBOR MI 3714 TOYOTA MOTOR CORP NPVERO BEACH FL 0174 TOSHOKU LTD AM 2.0CR0SSV1LLE TN 2099 NAKANO VINEGAR CO LTD NPINDIANAPOLIS IN 3714 HONDA MOTOR CO LTD ET AL PE 27.0BOULDER CO 7373 HITACHI LTD AM 2.3IRVINE CA 8731 KURAYA PHARMACEUTICAL CO LTD AM 25.0SUNNYVALE CA 3674 TOSHIBA CORP AM 4.0LONGMONT CO 3572 FUJI ELECTRIC CO LTD OT 11.0SANTA CLARA CA 3674 MINEBEA CO JVGEORGETOWN KY 3714 SUMITOMO METAL INDUSTRIES LTD NP 32.0HONOLULU HI 6712 SUMIX AM 35.0

IVOVOI



US FIRM NAME

IR JAPAN INCISETAN OF AMERICA INCISHIDA AEROSPACE RESEARCH CENTERISHIDA-TOYOTAISOWA INDUSTRYITO-EN COJAL'S CARGO FACILITY JAPAN EXTERNAL TRADE ORG (JETRO) JAPAN TIMES WEEKLY INTERNATIONAL JAPAN TRAVEL BUREAU INTERNATIONAL JAPEX GULF OF MEXICO EXPLORATION INC JERRICO INC’S FAZORI RESTAURANTS JETRO INDIANAPOLIS JOHNSON CONTROLS/TACHI-S CO VENTURE JOHNSON YOKOGAWA CORP (JYC)JOHNSTON INCK LINE AMERICA INCK LINE AMERICA INCK LINE INTERNATIONAL USA INCKAGOME USAKAKEN USA CORPKANTO SEIKI CO LTDKANTUS ENGINEERING CORP (KEC)KANZAKI KOKYU KASAI KOGYO CO KASEI VIRGINIA CORP KATAYAMA AMERICAN CO INC KATO SPRING OF GEORGIA INC KAWASAKIKAWASAKI MOTOR MFG (USA) CORPKAWASAKI WAFER TECHNOLOGY INCKDD AMERICA INCKEELER MURAKAMI INCKEIO HIGH SCHOOLKEYSTONE CAMERA PRODUCTS CORPKING INSTRUMENT COKITO CORPKLEERDEX COKO OLINA RESORT HOTEL SITE KOBAYASHI-DUPONT KOBE STEEL’S RESEARCH INSTITUTE KOKOKU STEEL CORD CORP KOLLMORGEN'S PCK TECHNOLOGY DIV KOMAG INCKONICA SUPPLIES MANUFACTURING INC KOSHINO,JUNKO KREMENTZ'S MCTEIGUE KUBOTA CORPKURAYA AMERICA SYSTEMS KURTA INPUT SYSTEMS


SAN FRANCISCO CA 8743 IRJ GROUPWILMINGTON DE 5611 ISETAN CO LTDFT WORTH TX 3728 ISHIDA, TAIZOPARSIPPANY NJ 5046 ISHIDA SCALES MFG CO LTD ET AL

NJ 5084 ISOWA INDUSTRY CO LTDHONOLULU HI 2086 ITO-EN CO LTDPORTLAND OR 4581 JAPAN AIRLINES CO LTDTAMPA FL 9611 JAPAN, GOVERNMENT OFLOS ANGELES CA 2711 JAPAN TIMES CO LTDORLANDO FL 4724 JAPAN, GOVERNMENT OFHOUSTON TX 1311 JAPAN, GOVERNMENT OFLEXINGTON TX 5812 DUSKIN COINDIANAPOLIS IN 9611 JAPAN, GOVERNMENT OFLEWISBURG TN 2531 TACHI-S CO LTDNEWMAN GA 3823 YOKOGAWA ELECTRONIC CORPNEW YORK NY 5641 TAKI, TOMINOMURRAY HILL NJ 4412 KAWASAKI KISEN KAISHA LTDCINCINNATI OH 4412 KAWASAKI KISEN KAISHA LTDNEW YORK NY 4412 KAWASAKI KISEN KAISHA LTDLOS BANOS CA 2087 KAGOME CO LTDNEW YORK NY 5122 KAKEN PHARMACEUTICAL CO LTDLEWISBURG PA 3714 KANTO SEIKI CO LTDDETROIT MI 3714 NISSAN MOTOR CO LTDMORRISTOWN TN 3594 YANMAR DIESEL ENGINE CO LTDLIVONIA Ml 8732 NISSAN MOTOR CO LTDCHESAPEAKE VA 3674 MITSUBISHI KASEI CORPSHELBYVILLE KY 3465 KATAYAMA KOGYO CO LTDRICHMOND VA 5051 KATO SPRING WORKS CO LTDFARMINGTON MI 5084 KAWASAKI HEAVY IND LTDMARYVILLE MO 3621 KAWASAKI HEAVY IND LTDSANTA CLARA CA 3674 KAWASAKI STEEL CORPNEW YORK NY 8732 KOKUSAI DENSHIN DEMWA COKENTWOOD MI 3231 MURAKAMI KAIMEIDO CO LTDPURCHASE NY 8211 KEIO UNIVERSITYCLIFTON NJ 3861 MITSUBISHI CORPWESTBORO MA 3651 OTARI ELECTRIC CO LTDLANCASTER PA 3536 KITO CORPBRISTOL PA 2821 SEKISUI CHEMICAL CO LTDOAHU HI **** PAN PACIFIC HOTELIERS INCNEW YORK NY 5199 KOBAYASHI PHARMACEUTICAL CO LTDPALO ALTOS CA 8732 KOBE STEEL LTDSCOTTSBURG IN 2296 KOBE STEEL LTD ET ALMELVILLE NY 3672 HITACHI CHEMICALS CO LTDMILPITAS CA 3674 KOBE STEEL LTDELKTON MD 3861 KONICA CORPNEW YORK NY 5621 KOSHINO, JUNKONEWARK NJ 3911 MITSUKOSHI LTD ET ALSANTA CLARA CA 3575 KUBOTA CORPLOS ANGELES CA 5122 KURAYA PHARMACEUTICAL COPHOENIX AZ 3577 MUTOH INDUSTRIES LTD

OTOTNPOTOT 0.1NP 19.6OTOTOTOTOTAMOTJVJVOTOTOTOTNP 20.0OTNP 19.6NPNPOTNP 20.0NPOTOTNP 200.0NP 45.0OTJVOTAMAMOTAM 19.5RE 15.3OTOT 2.0NP 60.0AM 12.0AM 20.0NPOTAM 0.4OTOT 0.5AM 13.3




JA KWIK-SERV FOODS INC SOUTH GATE CAJA KYB INDUSTRIES INC LOMBARD INJA KYOCERA IND CERAMICS CORP SAN DIEGO CAJA KYODO AIR INC LOS ANGELES CAJA LA QUINTA PLAZA SHOPPING CENTER LA QUINTA CAJA LEASETEC CORP BOULDER COJA LEPERCQ CAPITAL PARTNERS NEW YORK NYJA LEPTON INC MURRAY HILL NJJA LIBREX COMPUTER SYSTEMS INC SAN JOSE CAJA LINCOLN CENTER TIGARD ORJA LONE STAR NORTHWEST INC. SEATTLE WAJA LONGVIEW FIBER CO'S PLANT LOS ANGELES CAJA LOVE'S WOOD PIT BARBEQUE RESTAURANTS LAGUNA HILLS CAJA M C ALUMINUM AMERICA INC COLUMBUS INJA MAEDA-EN LOS ANGELES CAJA MARRIOTT-SYMPHONY TOWERS SAN DIEGO CAJA MARSHALL PRODUCTS INC LINCOLNSHIRE ILJA MARUMAN GOLF CO SAN DIEGO CAJA MARYCREST COLLEGE DAVENPORT IAJA MASQUERADE INTL INC SAN DIEGO CAJA MATSUSHITA AVIONICS DEVELOPMENT CORP IRVINE CAJA MATSUSHITA COMMUNICATION CO PEACHTREE CITY GAJA MATSUSHITA FLOOR CARE CO DANVILLE KYJA MATSUSHITA REFRIGERATION CO VONORE TNJA MATSUSHITA REFRIGERATION CO MOORESVILLE NCJA MATSUSHITA'S FACTORY AUTOMATION TECH CNT FRANKLIN PARK ILJA MAUI LU RESORT MAUI HIJA MAZDA RESEARCH & DEVELOPMENT NO. AMERICA FLAT ROCK MIJA MCA INC UNIVERSAL CITY CAJA MCINTOSH LABORATORY INC BINGHAMTON NYJA MEDIA INTERNATIONAL CORP HOLLYWOOD CAJA MEDIQ’S COPELCO FINANCIAL SERVICES GROUP PENNSAUKEN NJJA MEI'S CALIFORNIA PEANUT CO RICHMOND CAJA MERCHANDISE MART SITE HONOLULU HIJA MES ENGINEERING INC HOUSTON TXJA METROLIGHT STUDIO INC LOS ANGELES CAJA MICHIGAN AUTOMOTIVE COMPRESSOR INC SANDSTONE MIJA MIDTOWN PLAZA ATLANTA GAJA MID-ATLANTIC TOYOTA GLEN BURNIE MDJA MINAMI TOWER U S VEGAS NVJA MISHIMA FOODS RESTAURANT GARDENA CAJA MISSION BAY MARINA SAN FRANCISCO CAJA M1TA COPYSTAR AMERICA INC NJJA MITSUBISHI HEAVY IND OF AMERICA HOPKINSVILLE TNJA MITSUBISHI-DRESSERJA MITSUI MINING CO NEW YORK NYJA MOS BURGER HONOLULU HIJA MOSAIC SYSTEMS INC FREMONT CAJA MOUNTAIN COMPUTER INC CAMPBELL CAJA M. P. TECHNOLOGY CO BETHESDA MO


FUJI TRADING CO LTD AM 2.0TOYOTA MOTOR CORP ET AL NPKYOCERA CORP OTKYODO AIRLINES CO LTD OTMARUKO INC AM 15.2TOKYO LEASING CO LTD AMMITSUI TRUST & BANKING CO AMCANON INC AMNIPPON STEEL CORP OT 15.0SEIYU INTERNATIONAL CORPORATION AM 67.0ONODA CEMENT CO LTD El 56.0TOMOKU CO LTD & MITSUBISHI CORP AM 26.0KYOTARU LTD AM 3.6ENSHU KEIGOKIN CO LTD NPMAEDA-EN OTDIA KENSETSU AM 41.0OMRON CORP CO AM 25.0MARUMAN CO LTD OTOKINAGA, SHOICHI AM 5.0ARAI SHOJI CO LTD AM 2.0MATSUSHITA ELEC IND CO LTD OTMATSUSHITA ELEC IND CO LTD PE 1.3MATSUSHITA ELEC IND CO LTD JVMATSUSHITA ELEC IND CO LTD NPMATSUSHITA ELEC IND CO LTD NP 120.0MATSUSHITA ELEC IND CO LTD OTDIA CONSTRUCTION CO LTD AM 19.8MAZDA MOTOR CORP NP 1.1MATSUSHITA ELECTRIC INDUSTRIAL CO AM 7,500.0CLARION CO LTD AM 30.0JAPANESE CONSORTIUM OT 200.0C ITOH & CO. AM 66.2EZAKI GLICO CO LTD AM 58.0TOA KOGYO CO RE 33.0MITSUI ENGINEERING & SHIPBUILDING CO NP 1.5CANON INC AM 4.0NIPPONDENSO CO LTD ET AL NP 140.0MITSUBISHI ESTATE CO. ET AL RE 74.0TOYOTA MOTOR CORP AM 20.0NANGAKU, MASAO OT 90.0MISHIMA FOODS CO LTD OTASAHI KAIYO LTD AM 14.0MITA INDUSTRIAL CO LTD PEMITSUBISHI HEAVY IND LTD NP 6.0MITSUBISHI HEAVY IND LTD JVMITSUI MINING CO LTD OTMOS FOOD SERVICES INC OTSUMITOMO METAL INDUSTRIES LTD AM 3.0NISSHO IWAI CORP AMYASHIMOTO, MATSUO OT

SIC

5144371450654512****

7372653135593571****

32722653581233555499701150475091822123893651366136353585358536997011371178123651781263412064****

871173743585****

5012it***5812449335793541356351995812367435797372

T 01


1990 FOREIGN INVESTMENTS. COMPLETED. BY SOURCE COUNTRY

NA

JAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJAJA

US FIRM NAME LOCATION

NAKAMICHI PERIPHERALS CORP NATIONAL STEEL CORP.NATIONAL STEEL CORP S STEEL SERV CENTERNEC BUSINESS COM SYSTEMS (CENT.) INCNEWPORT ADHESIVES INCNEWPORT COMPOSITES INCNEXGEN MICROSYSTEMS INCNGK CERAMICS USANHK ENTERPRISES USA INCNICHII CONICHIREINIPPON SUISANNIPPONDENSO PLANTS (2)NISSAN CAPITAL OF AMERICA INCNISSAN MOTOR CORPNISSAN NO AMERICA INCNISSEI ELECTRICNISTEM CORPNITTA INTL INCNIU VALLEY SHOPPING CENTERNKK ELECTRONICS AMERICA INCNOMURA ROSENBURG INVEST. TECH. INSTITUTENORTHROP ANAHEIM PLANTNTN CORPNTT DATA COMMUNICATIONS SYSTEMS CORP.NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC NYK LINE NORTH AMERICA INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA, INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA, INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC NYK LINE I NORTH AMERICA INC NYK LINE iNORTH AMERICA) INC NYK (NORTH AMERICA) INC OAK COURTOAK FOREST APARTMENTSOAK-MITSUI INCODAWARA AUTOMATION INCOFFICE BLDGS OYSTER PT BUSINESS PK (2)OFFICE BUILDINGOFFICE BUILDING, 50 S. STEELE ST OFFICE BUILDING - 55 WALL ST

CYPRESSPITTSBURGHCINCINNATIHOUSTONFOUNTAIN VALLEY SANTA ANA SAN JOSE MOORESVILLE NEW YORK RALSTON SEATTLE

MARYVILLENEW YORKSMYRNATORRANCELOS ANGELESCHESAPEAKEMONCKS CORNEROAHUSAN JOSESAN FRANCISCOANAHEIMMT PROSPECTJERSEY CITYATLANTALONG BEACHNORFOLKMEMPHISJACKSONVILLEHOUSTONDALLASPHILADELPHIA SEATTLE NEW ORLEANS GARDEN CITY CHARLOTTE SAN FRANCISCO PORTLANO CHARLESTON MIAMI BALTIMORE PLEASANT HILL TAMPA CAMDEN TIPP CITY SAN FRANCISCO PASADENA CHERRY CREEK NEW YORK

TS SIC

CA 3577PA 3312OH 5051TX 5065CA 2891CA 2869CA 7372NC 5013NY 7812IA 2075WA 2011AK 2092TN 3625NY 6159TN 3714CA 3711CA 5065VA 3714SC 5085HI ★***

CA 5065CA 6282CA

****

IL 3562NJ 7373GA 4412CA 4412VA 4412TN 4412FL 4412TX 4412TX 4412PA 4412WA 4412LA 4412GA 4412NC 4412CA 4412OR 4412SC 4412FL 4412MD 4412CA

****

FL****

SC 3497OH 3621CA

****

CA ****

CO****

NY ****

FOREIGN INVESTOR

NAKAMICHI CORP NKK CORP SUMITOMO CORP NEC CORPMITSUBISHI RAYON CO LTD MITSUBISHI RAYON CO LTD ASCII CORPNGK SPARK PLUG CO LTD NHK ENTERPRISES CO LTD ET AL NICHII CO LTD NICHIREI CORP NIPPON SUISAN KAISHA LTD NIPPON DENSO CO LTD NISSAN MOTOR CO LTD NISSAN MOTOR CO LTD NISSAN MOTOR CO LTD NISSEI ELECTRIC CO LTD NISSHO CORP NITTA INDUSTRIES CORP HOHKOKU KOHSAN CO NKK CORPNOMURA SECURITIES TAIYO CORP NTN CORPNIPPON TELEGRAPH & TELEPHONE CORPNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNIPPON YUSEN KKNAKANO INTERNATIONAL CORPJAPANESE INVESTORMITSUI MINING & SMELTING CO LTDODAWARA ENGINEERING CO LTDTOMOE SHOKAI LTDTOHSHIN CORPINAGEYAKAJIMA CORP

TY VALUE($ MILLION)

OT 10.0El 147.0AM 6.0OTAMAM 38.0AM 5.0PEOTNP 3.5OTNP 65.4NPOTPE 25.0NPOTNPOTAM 24.0OTJVRE 35.0OTOT 100.0OTOTOTOTOTOTOTOTOTOTOTOTOTOTOTOTOTJV 18.1JV i.:NP 12JNPAM 70 JAM 33.AM 5.AM 70.


1990 FOREIGN INVESTMENTS. COMPLETED. BY SOURCE COUNTRY

US FIRM NAME LOCATION TS SIC FOREIGN INVESTOR TY VALUE($ MILLION)

OFFICE BUILDING - 550 SOUTH HOPE OFFICE BUILDINGS IN PEACHTREE CENTER OFFICE TOWER AT KOLL CENTER OHIO KANPOH STEEL INC OIL LEASESONE GREAT AMERICAN PLAZA OFFICE BUILDINGONE LIBERTY PLACEORCABAY SEAFOODS INCORGANO (AMERICA) INCORTEL CORPOSAKA GASOTSUKA AMERICA INC P3 RESTAURANTPACIFIC FOREST PRODUCTS PARTNERSHIPPACIFIC INTERNATIONAL COMPUTING INCPACKAGE MACHINERY COPANASONIC ADVANCED TV-VIDEO LABSPARK PLAZAPEBBLE BEACH COPELICAN GOLF CLUBPHONE MATE INCPIER COLONYPIONEER VIDEO MFG INCPIONEER/ECLIPSE CORPPLEASANT HAWAIIAN HOTELPLUM CREEK REMANUFACTURING JOINT VENTUREPLUMWOOD HOUSEPORTMAN HOTELPOST COLLEGEPOWER PUNTPOWER SYSTEMS INCPRECISION IMAGE CORPPRUDENTIAL INSURANCE COMPANY OF AMERICAPURODENSO COQUEEN KAPIOLANI AND QUALITY INN HOTELS RAVEL INCRAVINE GOLF CLUB INC REDONDOS SAUSAGE FACTORY INC REGENT BEVERLY WILSHIRE HOTEL RESTAURANT ASSOCIATES INDUSTRIES INC RICOH COROBESON INDUSTRIES CORPROOAN AMERICA INCROLLING HILLS GOLF & TENNIS CLUBSAITAMA BANK TRUST COSAKATA SEED CORPSAN GERONIMO VALLEY GOLF CLUBSANAM CORPSAND'S OF KAHANA RESORT SANYO ELECTRIC

NEWPORT BEACH CA **** OHBAYASHI CORP JV 100.0ATLANTA GA **** NIPPON LIFE INSURANCE CO JV 166.3IRVINE CA **** ZENITAKA CORP JV 25.0OBETZ OH 5051 KANPOH STEEL CO LTD ET AL NPGULF OF MEXICO LA 1311 JAPAN. GOVERNMENT OF AMSAN DIEGO CA **** SHIMIZU LAND CORP JV 36.5PHILADELPHIA PA **** CHIYODA LIFE OTSEATTLE WA 2092 T0KUSU1 CO LTD AM 2.3ATLANTA GA 3589 JAPAN ORGANO CO LTD OTALHAMBRA CA 3812 SUMITOMO CORP AM 13.1PASADENA CA 5084 OSAKA GAS CO LTD OTROCKVILLE MD 5161 OTSUKA FAMILY NPHONOLULU HI 5812 P3 CO LTD OTTACOMA WA 5031 FRONVILLE HOMES CORP JVSEATTLE WA 7372 PACIFIC INTERNATIONAL COMPUTING LTD OTSTAFFORD SPGS CT 3565 TOKYO AUTOMATIC MACHINERY WORKS LTD ElBURLINGTON NJ 3663 MATSUSHITA ELEC IND CO LTD OT 7.0HIALEAH FL 7011 EIE INTERNATIONAL CORP. ET AL AM 25.0PEBBLE BEACH CA 7011 MINORU ISUTANI AM 800.0ST PETERSBURG FL 7997 KUROSAWA. HI DEO AM

7.3TORRANCE CA 3661 ASAHI CORP ElHUNTINGTON B'CH CA **** HASEKO CORP JVCARSON CA 3651 PIONEER ELECTRONIC CORP PE

15.0SPARTA NC 2842 AMANO CORP AMHONOLULU HI 7011 NICHIEI CO LTD AM 31.0SPOKANE WA 2452 SUMITOMO CORP JV 1.5IRVINE CA 8732 HITACHI LTD OT 16.5SAN FRANCISCO CA 7011 TOTYU CORP AM 103.0WATERBURY CT 8221 OKINAGA. SOICHI OT

400.0ASHLAND VA 4911 MITSUBISHI CORP NPBLOOMFIELD CT 3679 MINEBEA CO LTD AM 13.3REDWOOD CITY CA 3573 GRAPHTEC CORP ElNEWARK NJ 6311 ASAHI MUTUAL LIFE INSURANCE CO JV

17.0JACKSON TN 3714 NIPPONDENSO CO LTD NPHONOLULU HI 7011 SPORTS SHINKO AM 100.7CLEARWATER FL 5094 KUWAYAMA KIKINZOKU CO LTD ET AL AM 3.0JACKSONVILLE FL 7997 KONDO SANGYO CO LTD ET AL AM 10.0WAIPAHU HI 2013 NIPPON MEAT PACKERS AM 7.0BEVERLY HILLS CA 7011 NISSHIN STEAMSHIP CO LTD AM 100.0NEW YORK NY 5812 KYOTARU CO LTD AM 105.0LAWRENCEVILLE GA 3861 RICOH CO LTD NP 19.6M1NE0LA NY 3634 TANIFUJI MACHINE IND CO LTD ET AL AM 2.8VALPARAISO IN 5065 OKAYA ELEC IND CO LTD OTMIAMI FL 7997 KASI. YOSHISAKA ET AL AM 16.6NEW YORK NY 6091 SAITAMA BANK LTD OT 3.0YUMA AZ 0182 SAKATA SEED CORP OTMARIAN CTY CA 7997 YOSHITADA. TAKAHASMI ET AL AM 13.0

5161 SANYO CHEMICAL INDUSTRIES LTD OTHONOLULU HI 7011 LIVEX AMSANTA CLARA CA 5065 SANYO ELECTRIC CO LTD OT


1990 FOREIGN INVESTMENTS. COMPLETED, BY SOURCE COUNTRY

NA US FIRM NAME

JA SAPPORO VINEYARDS USA INCJA SENKO LOGISTICS INCJA SERCOMP CORPJA SEYMOUR TUBINGJA SHEARSON LEHMAN HUTTON HOLDINGS INCJA SHERATON ANAHEIMJA SHERATON-NANSAY HOTEL VENTURE CORPJA SHINTEC INCJA SHOP AMERICA INCJA SHOPPING CENTERJA SIGNAL PROCESSING TECHNOLOGIESJA SKAARUP SHIPPING INTERNATIONAL CORPJA SNOWSHOE SKI RESORTJA SOFIX CORPJA SOLBOURNE COMPUTER INCJA SONTERRA GOLF & COUNTRY CLUBJA SONY CORP OPERATING SYSTEMJA SONY ENGINEERING & MFG OF AMERICAJA SOUTH TECH INCJA SOUTHWEST STEEL SUPPLY COJA SPACEHAB INCJA SPD MAGNET WIRE COJA SPORTS ARENA TRAVELODGEJA SPRAGUE TECHNOLOGY S SEMICONDUCTOR GROUPJA STEVE BAKER ASSOCIATESJA STONEBRIDGE RANCHJA SUBARU OF AMERICA INCJA SUGARMILL WOODS COUNTRY CLUBJA SUNBANK CENTERJA SYBELCO INCJA TAIDO USAJA TAIYO OIL COJA TAKARA DESIGN OF NEW YORKJA TALBOTS INCJA TALBOTS INCJA TALBOTS INCJA TALBOTS INCJA TAM’S STATIONERSJA TAPATIO SPRINGS GOLF & COUNTRY CLUBJA TASUS CORPJA TATSUEI INDUSTRIES KKJA TECHNICAL ARTS CORPJA TEELON PACKAGING

JA TENNECpSODA ASH JOINT VENTURE COJA TERA MICRO SYSTEMS INC

JA TEXAS°INSTRUMENTS’ PHOTO MASK OPERJA TEZUKA CORPJA TG (USA) CORP

LOCATION TS SIC

SEATTLE WA 2082CARSON CA 4731CHATSWORTH CA 3955SEYMOUR IN 3317NEW YORK NY 6211ANAHEIM CA 7011HONOLULU HI ****

FREEPORT TX 2821LAS VEGAS NV 5331SAN DIEGO CA ****

COLORADO SPGS CO 3674GREENWICH CT 4412SNOWSHOE WV 7011CHATTANOOGA TN 2865LONGMONT CO 3573SAN ANTONIO TX 7997SAN JOSE CA 3575PARK RIDGE NJ 3651TAPPAHANNOCK VA 3089ST LOUIS MO 5051WASHINGTON DC 4789MORGANTOWN KY 3357INDIAN WELLS CA 7011WORCESTER MA 3674ORLANDO FL 7996MCKINNEY TX ****

CHERRY HILL NJ 5012TAMPA FL 7997FORT LAUDERDALE FL ****

MA 3621WASHINGTON DC 8733JERSEY CITY NJ 5541NEW YORK NY 3944WESTPORT CT 5641RESTON VA 5961SO PORTLAND ME 5961CHARLOTTE NC 5641PARAMOUNT CA 5943BOERNE TX 7997BLOOMINGTON IN 3089RUSSELLVILLE KY 3714REDMOND WA 3829

SC 3089CHARLOTTE NC 5084GREEN RIVER WY 1474SANTA CLARA CA 3577FRANKLIN TOWNSP NJ 5047DALLAS TX 3674LEXINGTON KY 5013PERRYVILLE MI 3714

FOREIGN INVESTOR

SAPPORO BREWERIES LTD ET AL SENKO CO LTDMITSUBISHI PENCIL CO LTD MITSUI & CO LTD ET AL NIPPON LIFE INSURANCE CO PACIFIC ISLANDIA RESORT INC NANSAY INTERNATIONAL SHIN-ETSU CHEMICAL CO LTD ITO YOKADO CO LTD NAKANO VINEGAR CO LTD TOKO INCMITSUI-OSK LINES LTDSKI VENTURE INCYAMADA CHEMICAL CO ET ALMATSUSHITA ELEC IND CO LTDHIGA, KIYONORI ET ALSONY CORPSONY CORPCANON INC ET ALHANWA CO LTDMITSUBISHI CORP ET ALSUMITOMO ELECTRIC INDUSTRIES CO LTDMARUKO INCSANKEN ELECTRIC CO LTD MITSUBISHI CORP YUKIO KITANOFUJI HEAVY INDUSTRIES LTD INOUE, YUKISHISA NISSHO IWAI CORP ORIENTAL MOTOR CO LTD HIRAKI, DR TOSHIHISA TAIYO OIL CO LTD TAKARA CO LTD JUSCO CO LTD JUSCO CO LTD JUSCO CO LTD JUSCO CO LTD TFIHIYA, KIYONORI ET AL TSUCHIYA MFG CO LTD ET AL MAZDA MOTOR CORP TOYO TIRE & RUBBER CO KUREHA CHEMICAL IND CO MARUBENI CORP ASAHI GLASS CO LTD ASCII CORP TERUMO CORPTOPPAN PRINTING CO LTD TEZUKA KOSAN CO LTD MITSUI & CO LTD ET AL

TY VALUE($ MILLION)

JV 140.0OTAM 11.8NP 17.0JVAM 65.0JVPEAM 0.6AM 23.9AMAMAM 20.0NP 35.0AMAM 20.0OTOTNPAMEl 10.0JVAM 64.5AM 58.0AMAM 61.0El 208.0AM 8.6OT 15.0AM 4.0OTOTNPOTOTOTOTAMAMNPNPAMJVOTJV 100.0AM 2.0OTAM 19.0OTPE 10.0

O

I




JA THREE BOND CO CINCINNATI OHJA TIFFANY & CO FAIRFAX VAJA TIFFANY & CO BEVERLY HILLS CAJA TODD SHIPYARD CORP'S FACILITY GALVESTON TXJA TOMEN APPAREL GROUP INC NEW YORK NYJA TOPPAN PRINTING CO LOS ANGELES CAJA TOSHIBA AMERICA CONSUMER PRDTS INC WAYNE NJJA TOSHIBA CORP LEBANON TNJA TOSHIBA TUNGALOY MFG INC ELK GROVE VIL ILJA TOSHIBA'S PROCUREMENT & EXPORT DIV SAN FRANCISCO CAJA TOWA CO SUNNYVALE CAJA TOYO SECURITIES CO NEW YORK NYJA TOYOTA MOTOR CORP NEW YORK NYJA TOYOTA MOTOR SALES USA LONG BEACH CAJA TOYOTA TECHNICAL CENTER USA INC PHOENIX AZJA TRITON PICTURES CO LOS ANGELES CAJA TYCOON/FINNOR CORP HALLANDALE FLJA U N A CORP REVERE MAJA U S GRANT HOTEL SAN DIEGO CAJA UKAI WASHINGTON DCJA ULVAC JAPAN FREMONT CAJA UMEDA RESTAURANT NEW YORK NYJA UNIDENTIFIED BEEF PACKING PLANT DENVER COJA UNION SPECIAL CORP CHICAGO ILJA UNISTAR AIR CARGO WOOD DALE ILJA UNITED ENGINEERS BUILDING PHILADELPHIA PAJA UNITY BUILDING HONOLULU HIJA UNIVERSE GAS & OIL CO INC NEW YORK NYJA USAA REAL ESTATE EQUITIES INC SAN ANTONIO TXJA VALUE RENT-A-CAR INC DEERFIELD BCH FLJA VERO BEACH CITRUS PACKERS INC VERO BEACH FLJA VULKOR INC LOWELL MAJA W S TECHNOLOGIES INC DAYTON OHJA WAKO CHEMICALS USA INC CHESTERFIELD VAJA WARNER CORPORATE CENTER LOS ANGELES CAJA WATERSIDE APARTMENTS CHESTERFIELD CY VAJA WELLS FARGO & CO SAN FRANCISCO CAJA WESTERN ZINC ENGLEWOOD COJA WESTIN MAUI MAUI HIJA WESTMAR COLLEGE LEMARS IAJA WESTRIDGE SHOPPING CENTER OAHU HIJA WHEELING-NISSHIN INC FOLLANSBEE WVJA WHIRLPOOL'S VACUUM CLEANER PLANT DANVILLE KYJA WIGWAM RESORT HOTEL PHOENIX AZJA WILTRON CO MORGAN HILL NCJA WISHBONE HILL SEWARD AKJA W00DF1N SUITES ROCKVILLE MDJA WOODFIN SUITES ORANGE COUNTY CAJA WOODLAKE COUNTRY CLUB SAN ANTONIO TXJA WORLD ENVIROTECH SULLIVAN NY


THREE BOND CO LTD NP 1.4MITSUKOSHI LTD ET AL OTMITSUKOSHI LTD ET AL OTTATSUMI SHOKAI CO LTD AM 30.0TOYO MENKA KAISHA LTD OTTOPPAN PRINTING CO LTD OTTOSHIBA CORP OTTOSHIBA CORP PETOSHIBA TUNGALOY CO LTD ET AL NPTOSHIBA CORP OTTOWA CO LTD OTTOYO SECURITIES CO OTTOYOTA MOTOR CORP OTTOYOTA MOTOR CORP OTTOYOTA MOTOR CORP NP 110.0KADOKAWA FAMILY AMTAKAHASHI, HIRDMICHI AMOKURA & CO LTD AM 1.2SANSEI AM 30.0UKAI OTULVAC JAPAN LTD OTUMEDA, AKIO JV ■FUJI SHOKUHIN CO LTD AM 3.3

ii *JUKI CO LTD AM 95.0

io

YAMATO TRANSPORT CO LTD JV tnSHUWA CORP AM 71.0 1GRC CO LTD AM 43.0JAPAN, GOVERNMENT OF AHDAI-TOKYO, YASHUDA, ET AL OT 67.5MITSUBISHI HEAVY INDUSTRIES LTD AMTOSHOKU LTD OTSHOWA ELECTRIC WIRE & CABLE CO LTD AH 2.5SAKURAI LTD ET AL OTTAKEDA CHEMICAL INDUSTRIES LTD PE 12.0NOMURA REAL ESTATE INTERNATIONAL INC AM 76.0NISSEN DEVELOPMENT JVNIKKO SECURITIES CO JV 125.0MITSUI MINING & SMELTING CO LTD JVABE, KENTARO AM 261.5OKINAGA, SHOICHI AM 4.2TOKAI RAYON AH 14.9NKK CORP PE 45.4MATSUSHITA ELEC IND CO LTD AHKABUTO DECOM INC AM 70.0NIPPON ELECTRIC CO ET AL AM 180.0IDEMITSU KOSAN CO LTD OT 40.0HINOMARU HIRE LTD AH 23.4YASUDA TRUST AND BANKING CO LTD AH 14.0HIGA, KIYONORI ET AL AH 5.5KUBOTA LTD NP 5.0

SIC

2891594459444491513627323651366335453577506562115012501287347822394950517011581236745812201135594731**★*

1311679875145148335750842833

****

6021103170118221

331236357011382512127011701179974953



US FIRM NAME

WYCKOFF'S SNIPES VINEYARDS YAMATO USA YAMAZAKI MAZAK YAOHAN USA CORP YATES INDUSTRIES YERBA BUENA HOTEL ADPLUS KETCHUM AMERICAN TAPE CO BENEFIT TRUST BUILDING BIF KOREABORNEO INTERNATIONAL FURNITURE (BIF)C Y AGENCY INC CHO YANG LINES USA INC FUR VAULT'S RETAIL FUR GROUP KIMTRON CORPLUCKY GOLDSTAR WESTERN DISTR CNTR NATIONAL MICRONETICS INC NICO BOCO NOSTALGIA NETWORK PMX INDUSTRIESPOTOMAC TV COMMUNICATIONS INC SAMSUNG ELECTRONICS WILSHIRE COURT BUILDING WILSHIRE PARK PLACE HENLEY GROUP INCBRYAN, GONZALEZ/VARGAS, Y GONZALEZ BAZ NATIONAL, THE HERITAGE USA NEW HERITAGE USAOFFICE BUILDING - 600 BRICKELL AVEACCUSTAR/PHILIPSAIM MANAGEMENT GROUP INCAMP/AKZOBAYLOR TECHNOLOGYDEER PARK TERMINALE W CURRY CO INCEXCHANGE BANCORPFILTROL CORPFORTUNE CENTERJ B LIPPINCOTT COK0LLM0R6EN'S ADDITIVE PRDTS DIVOFFICE BUILDING - 303 WEST MADISON STOFFICE TOWER - 633 ST CLAIR PLOIL LEASESQUINTEC LAMINATED PRODUCTS REGENCY OFFICE CENTER SCHWARZ, FAOTHE SHOPPES OF ORCHID LAKE TRITON COAL'S BUCKSKIN MINE BELVEDERE CORP

LOCATION TS SIC

SEATTLE WA 0172LAKEMONT SC 3559FLORENCE KY 3577COSTA MESA CA 5411BOROENTOWN NJ 3497SAN FRANCISCO CA 7011NEW YORK NY 7311MARYSVILLE MI 2672CHICAGO IL ****

NEW YORK NY 5713SAN MARCOS CA 5021CRANFORD NJ 4729CRANFORD NJ 4412NEW YORK NY 5632SAN JOSE CA 3573ONTARIO CA 5084KINGSTON NY 3679NEW YORK NY 5651WASHINGTON DC 4841IOWA CITY IA 3364WASHINGTON DC 7812SILICON VALLEY CA 3571LOS ANGELES CALOS ANGELES CA *★**

HAMPTON NH 2819NEW YORK NY 8111NEW YORK NY 2711CHARLOTTE NC 7011FORT MILL SC 7996MIAMI FL ****

FARMINGTON HLS MI 3651HOUSTON TX 6211HARRISBURG PA 3672SUGAR LAND TX 3443DEER PARK TX 4491PITTSBURGH PA 5112CHICAGO IL 6022LOS ANGELES CA 2819MIAMI FL ****

PHILADELPHIA PA 2731AQUEBOGUECHICAGO

NYIL

3679***★

CHICAGO ILGULF OF MEXICO LA 1311ANAHEIM CA 3672PORT RICHEY FL ****

NEW YORK NY 5942PORT RICHEY FL ****

GILLETTE WY 1221NEW YORK NY 6321

FOREIGN INVESTOR

SAPPORO BREWERIES LTD YAMATO SEWING MACHINE MFG CO YAMAZAKI MAZAK CORP YAOHAN DEPARTMENT STORE CO LTD FURUKAWA ELECTRIC CO LTO ET AL KANSAI DEVELOPMENT ADPLUS STC INCKOREAN INVESTMENT GROUPBORNEO MERCHANTILE CO LTDBORNEO MERCANTILE CO LTDCHO YANG SHIPPING COCHO YANG SHIPPING COJINDO CORPINKEL CORPGOLDSTAR CO LTDTAE-IL MEDIA CO LTDNON-NO INTERNATIONAL GROUPMOON, SUN MYUNGPOONGSAN METAL CORPSUN MYUNG MOON ET ALSAMSUNG ELECTRONICS COHA, STEVENLUCKY GOLD STAR INCABOUKHATER. TOUFICBRYAN, GONZALEZ, ET ALAZCARRAGA-MILMO, EMILIOMUI CORPORATION ET ALMALAYSIAN UNITED INDUSTRIES BDHSHERLON INVESTMENTS CORPNV PHILIPSNATIONALE-NEDERLANDEN N.V.AKZO NVROYAL BEGEMAN GROUP PAKHOED HOLDING NV BUHRMANN-TETTERODE NV ALGEMENE BANK NEDERLAND NV AKZO NVZIJERVELD HOLDING BV WOLTERS KLUWER NV AKZO NVBOGAMIJ NV & DUTCH METALWORKERS JANIVO GROUP ROYAL DUTCH SHELL GROUP AKZO NVWETERINGWEG VASTGOEO BV NV KONINKLIJKE BIJENKORF BEHEER WETERINGWEG VASTGOED BV ROYAL DUTCH SHELL GROUP CHRISTIANA HOLDING CO

ET AL

TY VALUE($ MILLION)

AMOTPE 60.0OTAM 175.0AM 4.5JVAM 60.0AM 6.0OT 11.0OTOTOTAM 15.0AMOTAM 4.2OTAMNPAMOTAMJVAM 7.8OTJV 100.0AM 16.5AMAM 12.0JVAMJVAMOTAMAM 420.0AMJV 2.6AM 115.8AM 50.0

i AM 90.0OT 50.0AMAMAM 2.5AM 40.0AM 2.5NPJV



US FIRM NAME

DUAL DRILLING COELKEM METALS COGLOBAL MARINE INCHITEMP UIRES INCNORTANKERS INCREADING & BATES CORPWESTERN CO OF NORTH AMERICAEVEREST & JENNINGS INTERNATIONALISLANDERLA QUINTA MOTOR INNS INC LAMSON & SESSIONS CO PETROLEUM HELICOPTERS INC TRITON ENERGY CORP KEY BISCAYNE BANK CPRMSTAR ENTERPRISE ALLIANZ FINANCIAL CENTRE ALLISON-MCDERMID INC DELTA AIRLINES INC INK ON THE PARK INTERCONNECTION PRODUCTS INC SINGAPORE AIRLINES LTD FREEPORT-MCMORAN GOLD CO MINORCO USA EXPOPIELNORTH AMERICAN STAINLESS PALEX MEDICAL INC WILLOWBROOK I AND II ALBY-0L1N CHLORATES CO ANTENNA ELECTRONICS CO ATLANTIC CONTAINER LINE AUSTIN CENTER SOUTH BAYSHORE PLACE CD MEDICAL INC COBE LABORATORIES INC CR INDUSTRIESESSELTE BUSINESS SYSTEMS INC FACULATIVE MANAGERS CORP GLC TOWER IJ HOLDINGS CORP IKEAMCGILL MANUFACTURING CONEW SWEDEN TRADE CENTERNORTH ATLANTIC CASUALTY & SURETYOFFICE BUILDINGOLSEN,J PERRY RANCHRIVER VILLAGETENNESSEE CHEMICAL COVOLVO GM HEAVY TRUCK CORPWALLENIUS LINES NORTH AMERICA INC


DALLAS TX 1381 MOSVAU) SHIPPING A/S AM 170.0ALEPPO PA 3313 ELKEM A/S NP 4.0HOUSTON TX 1381 NORSK VIKINGOLJE El 7.2BOHEMIA NY 3357 NEK CABLE A/S AMNEW YORK NY 4412 KLOSTER, KNUT U JR El 10.9HOUSTON TX 1381 BLYSTAD, THOMAS ET AL AMFORT WORTH TX 1389 AKSJEFONDET NORFUND-PLUSS El 11.5LOS ANGELES CA 3842 BRIERLEY, RONALD ET AL ElSANTA CATALINA CA 2711 INDEPENDENT NEWSPAPERS LTD AM

3.8SAN ANTONIO TX 7011 BRIERLEY, RONALD ET AL OTCLEVELAND OH 3714 BRIERLEY, RONALD ET AL AM

7.9NEW ORLEANS LA 4522 BRIERLEY, RONALD A ET AL AMDALLAS TX 1311 BRIERLEY, RONALD A ET AL ElMIAMI FL 6022 KARDONSKI FAMILY AMWASHINGTON DC 4813 PORTUGAL, GOVERNMENT OF OT

50.0PORT ARTHUR TX 2911 SAUDI ARABIA, GOVERNMENT OF PEDALLAS TX **** KUO HOTEL CORP AM 60.0BROWNSVILLE TX 1389 KEPPEL GROUP, THE

TEMASEK HOLDINGS (PTE) LTDAM 6.0

ATLANTA GA 4512 El 183.0HOUSTON TX **** KUO INVESTMENTS AM 40.0SANTA ANA CA 3678 WEARNES BROTHERS LTD AM

8.0LOS ANGELES CA 4512 TEMASEK HOLDINGS (PTE) LTD OTELKO NV 1041 OPPENHEIMER, HARRY F AM 705.0DENVER CO 1041 OPPENHEIMER, HARRY F OTNEW YORK NY 5661 FARRUTX OT

111.0CARROLLTON KY 3312 ACERINOX SA JVMIAMI FL 5047 PALEX MEDICAL GROUP NPHOUSTON TX **** VICTOR Y RENEDIOS AMWESTPORT CT 5169 STORA KOPPARBERGS BERGSLAGS AB El 53.0FT WORTH TX 3662 ALLGON AB AMS PLAINFIELD NJ 4412 BILSPEDITION AB ET AL OTTAMPA FL *★** SWEDISH INVESTORS AMTAMPA FL **** SWEDISH INVESTORS AM 22.6MIAMI LAKE FL 3841 ALTHIN MEDICAL GROUP AB AM

253.0LAKEWOOD CO CO 3841 AB VOLVO AMELGIN IL 3053 SKF AB AMGARDEN CITY NY 2761 ESSELTE AB El 215.0STAMFORD CT 6311 SKANDIA AB JVATLANTA GA **** GULLSTEDT GRUPPEN AM 90.0NEW YORK NY 3731 AB VOLVO AM 100.0ELIZABETH NJ 5712 KAMPRAD, INGVAR OTVALPARAISO IN 3562 SKF AB AM 135.0TRENTON NJ 5111 AMERIKA NYA SVERIGE AB OTINDIANAPOLIS IN 6411 WASA INSURANCE HOLDING CO AM 12.0ATLANTA GA ***♦ 1MH0BILIA INTERNATIONAL AM 13.5VAIL CO 0214 LINDHOLM,MAGNUS AM 8.8BONSALL CA **** CENTRUMINVEST AB OT 27.0COPPERHILL TN 2819 TRELLEBORG AB AMORRVILLE OH 3711 AB VOLVO PENORTHBROOK IL 4731 REDERI AB OT



US FIRM NAME

AMERICAN HEALTH SERVICES CORPBEA ASSOCIATES INCBERNA PRODUCTS INCCIBA GEIGY CORPCIN MILACRON'S IND ROBOT BUSCS FIRST BOSTON INCDANZAS CORPEMERSON RADIO CO*PGENENTECH INCGENERAL CASUALTY COHART ENVIRONMENTAL MANAGEMENTHILLS BROS COFFEE COHOLNAM INCIDEAL BASIC INDUSTRIES INCIPCO'S WHALEDENT INTERNATIONAL DIVJAMES RIVER'S NONWOVER PRDTS DIVLNS AMERICA INCMAX DAETWYLER CORPMELCO INDUSTRIES INCPOWDERHORN SKI RESORTRJR NABISCO'S CANDY BUSINESSROBERTSON-CECO CORPSCHOELLER/ROTOFILSHOPPING CENTER-POVERLINE ROADSWAROVSKI JEWELRY US LTDUNITED CEMENT COWOODS ON LA MONTE APARTMENTSCODE-A-PHONE CORPFNB ROCHESTER CORP1.5-ACRE TRACT, ROSS & FIELD STSALTOS COMPUTER SYSTEMSEECO'S MAXISWITCH UNITFIRST COMMERCIAL BANKFIRST COMMERCIAL BANKFORMOSA PLASTICS CORPHUFFINGTON CORP'S PROPERTIESMANCHESTER PLACEMOUNTAIN VIEW APARTMENTSOMNI BANK NAPIER POINT VILLAGE 6RAMADA RENAISSANCE HOTELSEEQ TECHNOLOGYSHOPPING CENTER AT SOUTHPARKWYNDHAM FOODS INCWYSE TECHNOLOGY INCAIRCO GASESALBION INSTRUMENTSALEX BROWN INCALLWASTE’S GUZZLER MFG INCAMERICAN BANK STATIONERY CO


NEWPORT BCH CA 3845 OMNI HOLDING AGNEW YORK NY 6282 CREDIT SUISSE SACORAL GABLES FL 5122 SWISS SERUM & VACCINE INSTITUTEMCINTOSH AL 2821 CIBA GEIGY LTDCINCINNATI OH 3541 ASEA BROWN BOVERI AGNEW YORK NY 6211 CREDIT SUISSE SANEW YORK NY 4731 DANZAS AGNORTH BERGEN NJ 3651 FIDENAS INVESTMENT LTD ET ALSAN FRANCISCO CA 2834 HOFFMANN LA-RGCHE FAMILYSUN PRAIRIE WI 6331 WINTERTHUR SWISS INSURANCE CONEW YORK NY 8711 SANDOZ AGSUFFOLK VA 2095 NESTLE SADUNDEE MI 3241 HOLDERBANK FINANCIERE GLARIS AGDENVER CO 3241 HOLDERBANK FINANCIERE GLARIS AGNEW YORK NY 3843 GURIT-HERBERLEIN AGGREENVILLE SC 2297 HOLZSTOFF HOLDING AGCINCINNATI OH 5084 LNS SACHARLOTTE NC 5084 DAETWYLER HOLDING AGDENVER CO 3552 SAURER-GRUPPE HLDG AGDENVER CO 7011 INTERNATIONAL BRONZE CORPATLANTA GA 2064 NESTLE SAPITTSBURGH PA 3444 FRONTERA SANEWPORT VT 5131 SCHOELLER TEXTIL AG ET ALBOCA RATON FL **** SWISS INVESTORSCRANSTON RI 3231 SWAROVSKI DANIEL CORPARTESIA MS 3241 HOLDERBANK FINANCIERE GLARISHOUSTON TX **** FIDINAM INVESTMENT CONSULTING INCCLACKAMAS OR 5065 TECHNOLOGY APPLIC. (THAILAND) LTDROCHESTER NY 6021 CUKUROVA HOLDING AS GROUPDALLAS TX **** MARBLE ENTERPRISE CORPSAN JOSE CA 3571 ACER INCTUCSON AZ 3577 SILITEK CORPNEW YORK NY 6022 FIRST COMMERCIAL BANKLOS ANGELES CA 6022 FIRST COMMERCIAL BANKHOUSTON TX 2824 FORMOSA PLASTICS GROUPHOUSTON TX **** ROC, GOVERNMENT OFAURORA CO **** YIP-LU PARTNERSHIPDENVER CO **** YIP-LU PARTNERSHIPMONTEREY PARK CA 6021 CHINA REBAR COAURORA CO **** YIP-LU PARTNERSHIPMESA AZ 7011 CHEN, WEN SUNSAN JOSE CA 3674 HUALON MICROELECTRONICSLITTLETON CO ***★ YIP-LU PARTNERSHIPSAN FRANCISCO CA 2032 PRESIDENT ENTERPRISES CORPSAN JOSE CA 3575 KOO FAMILYVANCOUVER WA 5169 BOC GROUP PLCSALT LAKE CITY UT 3841 BOC GROUP PLCBALTIMORE MD 6531 KLEINWORT BENSON GROUPBIRMINGHAM AL 3589 POWERSCREEN INTL PLCBALTIMORE MD 2759 MB GROUP PLC

AM 7.0AMNPNP 85.0AMEl 300.0OTAM 7.5AM 2,110.0AM 630.0AMPE 35.0ElEl 62.3AM 32.0AM 175.0NP 1.5OTAMAMAM 370.0El 40.0OTAM 10.3PEAM 60.0AM 10.0AMAM 29.0REAM 94.0AM 1.6OTOTPEREAM 0.7AM 2.5AM 21.0AM 2.0AM 7.0AM 5.3AM 15.5AM 335.0AM 270.0NP 1.5AM 22.0JVAM 18.0AM 300.0




UK AMERICAN HOME'S BOYLE-MIDWAY DIV NEW YORK NYUK ATLANTA CAPITAL MANAGEMENT CO ATLANTA GAUK ATLAS POWDER CO DALLAS TXUK BABBIT & REIMAN NEW YORK NYUK BG EXPLORATION AMERICA INC HOUSTON TXUK BLACK & DECKER’S FOOTWEAR MATLS BUS TOWSON MDUK BOBBIN ORGANIZATION COLUMBIA SCUK BP CHEMICALS AMERICA'S (BAREX DIV) LIMA OHUK BUNKER HILL OFFICE BUILDING HOUSTON TXUK CHLORIDE ELECTRO-NETWORKS DIV CALEDONIA NYUK CIN MILACRON’S INTL LASER MACHINES INDIANAPOLIS INUK CORROON & BLACK CORP NEW YORK NYUK COURTAULDS PLC HOUSTON TXUK CURB/CAPITOL NASHVILLE NASHVILLE TNUK CUSTOMS CHEMICAL DISTRIBUTORS AMARILLO TXUK DAMON CORP'S ELECTRONICS DIV WEST WOOD MAUK DEAK INTERNATIONAL RESOURCES ATLANTA GAUK DESOTO INC'S INDUSTRIAL COATING DIV BERKELEY CAUK pi GIORGIO CORP BILTBEST WINDOWS STE GENEVIEVE MOUK DIGITAL'S NETWORK COMM GROUP ALPHARETTA GAUK DUNK1N DONUTS INC RANDOLPH MAUK EATON TECHNOLOGIES INC ANN ARBOR MIUK EOISTO RESOURCES CORP DALLAS TXUK EURO SYSTEMS INTERNATIONAL STRATFORD CTUK EUROPEAN & GENERAL SHIPPING INC MIAMI FLUK EUROPLEX/ADCOR ATLANTA GAUK FBX CORP HAUPPAUGE NYUK FERGUSON, THOMAS G. ASSOCIATES PARSIPPANY NJUK FOREST COVE APARTMENTS HOUSTON TXUK FOX INC'S DELUXE FILM LAB HOLLYWOOD CAUK FOXBORO CO FOXBORO MAUK GAS HANDLING FACILITIES PRUDHOE BAY AKUK GNP COMMODITIES CHICAGO ILUK GOLF INDUSTRY NORTH MIAMI FLUK GOURMET RETAILER, THE NORTH MIAMI FLUK GSD & M AUSTIN TXUK HALE SYSTEMS

HARDEE'S FOOD SYSTEMS INCCHARLOTTE NC

UK ROCKY MT NCUK HARDWICKE CHEMICAL CO ELGIN SCUK HMV MUSIC LTD NEW YORK NYUK HOUGHTON MIFFLIN'S BUSINESS PUBLICATIONS> BOSTON MAUK HURL STATE PROJECT PRUDHOE BAY AKUK HVC/DALY CINCINNATI OHUK INCHCAPE SHIPPING SERVICES (USA) INC STAMFORD CTUK INDCHEM INC SAVANNAH GAUK INN AT PERRY CABIN, THE ST MICHAEL MDUK INTERAMER1CAN CONSOL & CARRIERS INC MIAMI FLUK INTERVISUAL ADVERTISING

JAEGER’SJACKSONVILLE FL

UK NEW YORK NYUK JOSEPH & SCHILLER INC MIAMI FL


RECKITT & COLEMAN PLC AM 1,250.0SAMUAL INVESTMENT MGMT GROUP LTD AMIMPERIAL CHEMICAL INDUSTRIES PLC AM 193.0GREENLESS, MICHAEL ET AL OTBRITISH GAS PLC OTUNITED MACHINERY GROUP LTD AM 125.0BLENHEIM EXHIBITIONS GROUP PLC AM 18.0UNITED KINGDOM, GOVERNMENT OF PE 30.0NEWCASTLE ACQUISITION LTD PARTNERSHIP AMCHLORIDE GROUP PLC PE 2.0600 GROUP PLC AMWILLIS FABER AM 778.0COURTAULDS PLC OTTHORN-EMI PLC JVELLIS & EVERARD PLC AMSYSTEM 4 INTL BV AM 12.0THOMAS COOK GROUP AMCOURTAULDS PLC AM 135.0HANSON PLC AMRACAL ELECTRONICS PLC AM 49.0ALLIED-LYONS PLC AM 325.0HAWKER SIDDELEY GROUP PLC AM 63.8SCOTTISH AMICABLE INVEST MGRS LTD ET AL AM 4.2SBS GROUP AMEUROPEAN & GENERAL PLC OTVAN DEPOLL FAMILY NPSCANTRONIC HLDGS PLC AM 5.5SORRELL, MARTIN AM 41.7VICTORIA REALTY CO AM 6.5RANK ORGANIZATION PLC AM 150.0SIEBE PLC AM 656.4BRITISH PETROLEUM CO PLC JV 556.6E D & F MAN INTERNATIONAL FUTURES INC AMSTERLING PUBLISHING GROUP PLC AMSTERLING PUBLISHING GROUP PLC AMGREENLEES, MICHAEL ET AL AM 48.5METSEC PLC AM 3.0BAT INDUSTRIES PLC PEMTM PLC AM 112.0THORN EMI PLC OTMAXWELL, ROBERT AMBRITISH PETROLEUM CO PLC OTELLIS & EVERARD PLC AMINCHCAPE PLC OTELLIS & EVERARD PLC AMASHLEY, SIR BERNARD OT 6.0OCEAN GROUP PLC AM 2.1INTERVISUAL ADVERTISING LTD OTCOATS VIYELLA PLC PEOCEAN GROUP PLC AH 2.2

SIC

28426282289273111311302173892819****

3612369964115198365251613679622128512431366358123621131187424731367436697311irititit

781938231321622127212721731135355812286957352731131151694731516958124731272156114731



US FIRM NAME LOCATION TS SIC FOREIGN INVESTOR TY VALUE($ MILLION)

JP INDUSTRIES INC KAY JEWELERS INC KJWTLIN BROADCASTING CORPLINCOLN-CROSS INCLUCAS SUMITOMO BRAKES INCMAJESTIC SHIPPING CORPMARTINDALE-HUBBELL INCMCCAW CELLULAR COMMUNICATIONS INCMCDEVITT & STREETMETIER MANAGEMENT SYSTEMS INCMIXED USE BLDG - 2311 M STREET NWMR DONUT FRANCHISING OPERATIONSNATIONAL MINE SERVICE CONIAGARA STONE CORPNOVAR ELECTRONICS CORPNOVASENSOROFFICE AND RETAIL TOWER - 546 FIFTH AVE OIL LEASESPACIFIC AGRICULTURAL HOLDINGS INC PACIFIC MEDIA GROUP INC PANEL PRINTS INC PARK UF^T

PEABODY HOLDING COPENSON FLORIDA INCPFIZER PIGMENTS INCPHILIPP BROTHERS' SUGAR BUSINESSPHILIPS INDUSTRIES INCPILLSBURY COPILLSBURY COPPI DEL MONTE TROPICAL FRUIT COPRC TECHNOLOGIES INCPROFIT SYSTEMS INCP&O CONTAINERS LTDQUANTUM INDUSTRIESRAMAN TECHNOLOGY INCREEVES COMMUNICATIONS CORPR1GHTSOFT INCROY ROGERS RESTAURANTSSAILSCOTTISH HERITABLE INCSECURITIES GUARANTY INSURANCE SERVICESSMITH CORONA/ACERSOUTHERN STEAMSHIP AGENCY INCSOUTHWESTERN LABORATORIES INCSPYSTANDARD FRUIT & VEGETABLE CO INC STANDARD OPTICAL EYEWORLD'S SELEC/LOCALE SUPER CONCRETE CORP T S ALLOYS

ANN ARBOR MI 3714 T & N PLC AM 375.0ALEXANDRIA VA 5149 RATNER GROUP PLC AM 410.0LOS ANGELES CA 7311 SORRELL, MARTIN ET AL OTNEW YORK NY 4833 UNITED KINGDOM, GOVERNMENT OF El 395.2NASHVILLE TN 8742 WILLIS FABER PLC AMLEBANON OH 3714 LUCAS INDUSTRIES PLC NPNEW YORK NY 4412 HELLESPONT SHIPPING CORP AM 154.0NEW PROVIDENCE NJ 2741 REED INTERNATIONAL PLC AM 303.7KIRKLAND WA 4812 UNITED KINGDOM, GOVERNMENT OF AM 1,500.0CHARLOTTE NC 1542 BOVIS CONSTRUCTION CO AM 52.0HOUSTON TX 7372 LUCAS INDUSTRIES PLC AMWASHINGTON DC **** YJ LOVELL (HOLDINGS) PLC JV 10.5MINNEAPOLIS MN 5812 ALLIED-LYONS PLC AM 27.0INDIANA PA 3532 CHARTER CONSOLIDATED PLC El 21.0NIAGARA FALLS NY 1429 STEETLEY PLC AM 17.5BARBARTON OH 3669 RTZ CORP PLC AM 27.8FREEMONT CA 3829 LUCAS INDUSTRIES PLC AM

50.0NEW YORK NY **** SIR ROBERT McALPINE & SONS LTD.& LYNTON JVGULF OF MEXICO LA 1311 BRITISH PETROLEUM CO PLC AM 15.1FRESNO CA 6552 ALBERT FISHER GROUP PLC AM

25.0SEATTLE WA 2721 UNITED NEWSPAPERS PLC AMOLD FORGE PA 2752 LAIRD GROUP PLC AM 36.8SAN DIEGO CA **** GEORGE WIMPEY INC OT

703.6ST LOUIS MO 1212 HANSON PLC ElMIAMI FL 4731 OCEAN GROUP PLC AM 2.2

NEW YORK NY 2816 HARRISONS & CROSFIELD PLC AM 65.0

NEW YORK NY 2062 GRAND METROPOLITAN PLC AM550.0DAYTON OH 3442 HUTCHINGS, GREGORY AM

MURFREESBORO TN 2038 GRAND METROPOLITAN PLC PEWELLSTON OH 2038 GRAND METROPOLITAN PLC PESAVANNAH GA 5148 NADIR,ASIL OT

DALLAS TX 1311 CASPEN PLC AM20.7MARIETTA GA 4731 LEP GROUP PLC El

EAST RUTHERFORD NJ 4412 P&O STEAM NAVIGATION CO PLC OT

SANTA ROSA CA 3535 METSEC PLC AM1.5SALT LAKE CITY UT 3841 BOC PLC AM

NEW YORK NY 7819 THAMES TELEVISION PLC AM 89.0

SARASOTA FL 7372 MAXWELL, ROBERT FAMILY AM 5.0

HILLSIDE NJ 5812 BAT INDUSTRIES PLC AM 365.0

DES MOINES IA 2721 REED INTERNATIONAL PLC AM

FAIRFAX VA 3274 SCOTTISH HERITABLE TRUST PLC OT

SANTA ANA CA 6351 SECURITY RISK SERVICES AM

SAN FRANCISCO CA 3575 HANSON PLC ET AL OT

MOBILE AL 4729 INCHCAPE PLC AM19.1HOUSTON TX 8734 HUNTINGDON INTERNATIONAL HOLDINGS PLC AM

NEW YORK NY 2721 SAATCHI,CHARLES AM 4.0

DALLAS TX 5148 NADIR,ASIL AM 30.2

SALT LAKE CITY UT 5999 GRAND METROPOLITAN PLC AM

WASHINGTON DC 3273 EVERED PLC AM 36.4

HOUSTON TX 5051 BRITISH STEEL PLC AM



NA US FIRM NAME LOCATION TS SIC FOREIGN INVESTOR TY VALUE ($ MILLION)

UK TENNIS INDUSTRY NORTH MIAMI FL 2721 STERLING PUBLISHING GROUP PLC AMUK THORNDIKE UNITY ME 2731 MAXWELL, ROBERT AM 5.2UK TRANS UBIQUITY CORP BOSTON MA 4225 NATIONAL FREIGHT CONSORTIUM PLC AMUK U S RE CORP NEW YORK NY 6321 GARTMORE INVESTMENT MANAGEMENT LTD AMUK UNITED TECHNOLOGIES' GLOBAL AUTO SEALING HARTFORD CT 2891 BTR PLC AM 191.0UK WAKEFIELD ELECTRONICS NEW YORK NY 5065 DIPLOMA PLC AM 24.2UK WALL TO WALL SOUNDS & VIDEO RECORD STORE PHILADELPHIA PA 5731 SMITH WH GROUP PLC AM 23.0UK WARNACO GROUP INC LOS ANGELES CA 2329 ROBERT STEPHEN HOLDINGS LTD AM 10.0UK WEST SHORE PLAZA TAMPA FL **** GROSVENOR INTERNATIONAL ATLANTIC LTD AM 87.7UK WEXLER/REYNOLDS/FULLER/HARRISON & SCHULE WASHINGTON DC 8743 SORRELL, MARTIN AMUK X-PRESS CARDS NORTH MIAMI FL 2771 STERLING PUBLISHING PLC AMUK ZETEX INC COMMACK NY 3674 BOWATER PLC NPUN EMBASSY SUITES HOTEL ATLANTA GA 7011 UNSPECIFIED AM 38.8UR CCCP/USSR REPORT RESTON VA 2721 USSR, GOVERNMENT OF JVUR CHESTOMAK CORP NORFOLK VA 5084 TOMAK-KIEV JVUR RIBOGENE INC MENLO PARK CA 8731 USSR, GOVERNMENT OF AMVE CITGO PETROLEUM CORP DALLAS TX 2911 VENEZUELA, GOVERNMENT OF El 661.5VE TECHNICAL BUSINESS FORMS POMPANO BEACH FL 2759 CALDERA, ALBERTO NP

-111-



APPENDIX C


BY

STATE LOCATION



TS US FIRM NAME

1990 FOREIGN DIRECT

LOCATION SIC

MITSUBISHI-DRESSERFELISSIMOGLORIA ENTERPRISES INCSANAM CORP

AK GAS HANDLING FACILITIESAK HURL STATE PROJECTAK LUFTHANSA GERMAN AIRLINESAK NIPPON SUISANAK WISHBONE HILLAL ALLWASTE’S GUZZLER MFG INCAL BIRMINGHAM BARONSAL CIBA GEIGY CORPAL COPPERWELO CORPAL SOUTHERN STEAMSHIP AGENCY INCAZ EECO'S MAXISWITCH UNITAZ KURTA INPUT SYSTEMSAZ MALAPI RESOURCES COAZ MET-HOTELSAZ OFFICE BUILDINGAZ OFFICE TOWER - 1001 N. CENTRAL AVEAZ RAMADA RENAISSANCE HOTELAZ SAKATA SEED CORPAZ SMITTY'S SUPER VALU INCAZ THREE PHOENIX COAZ TOYOTA TECHNICAL CENTER USA INCAZ WIGWAM RESORT HOTELCA 1340 ACRES FOR COMMERCIAL DEVELOPMENTCA 297 ACRESCA 53-ACRE SITECA AHLSTROM PYROPOWER INCCA ALPHA THERAPEUTIC CORPCA ALTOS COMPUTER SYSTEMSCA ALUMINUM D1ECASTING COCA AMERICAN HEALTH SERVICES CORPCA ARTISTIC SHOWER DOOR CO INCCA AVENTINE CENTERCA BAKER PACIFIC CORPCA BEST WESTERN FOODS INCCA BIOMAGNETIC TECHNOLOGIES INCCA BIRTCHER REAL ESTATE INCCA Bt ACKHAUK PL A7ACA BORNEO INTERNATIONAL FURNITURE (BIF)CA BUG COCA CALIFORNIACA CALIFORNIA PORTLAND CEMENT COCA CALTRANS BUILDINGCA CAMPBELL NISSAN BUENA PARKCA CAROLCO PICTURES INCCA CARTIER INCCA CASTLE MOUNTAIN PROJECT

PRUDHOE BAY

35635961327251611321

PRUDHOE BAY 1311FAIRBANKS 4512

SEWARD20921212

BIRMINGHAM 3589BIRMINGHAM 7941MCINTOSH 2821BIRMINGHAM 3317MOBILE 4729TUCSON 3577PHOENIX 3577PHOENIX 1094PHOENIX 7011PHOENIX ****

PHOENIX ****MESA 7011YUMA 0182PHOENIX 5411PHOENIZ 3825PHOENIX 8734PHOENIX 7011VALLEJO ****MIRA LOMAANAHEIM ****

SAN DIEGO 3443LOS ANGELES 2833SAN JOSE 3571MIRA LOMA 3363NEWPORT BCH 3845REDWOOD CITY 3231SAN DIEGO ****

LONG BEACH 4959LOS ANGELES 2013SAN DIEGO 3825LAGUNA NIGUEL 6552SAN FRANCISCO ****

SAN MARCOS 5021LOS ALTOS 3577LOS ANGELES 2721LOS ANGELES 3241SACRAMENTO ****ORANGE CTY 5511LOS ANGELES 7812BEVERLY HILLS 5944HART 1041

INVESTMENTS, COMPLETED, BY STATE

FOREIGN INVESTOR

MITSUBISHI HEAVY IND LTDFELISSIMOCRH PLCSANYO CHEMICAL INDUSTRIES LTDBRITISH PETROLEUM CO PLCBRITISH PETROLEUM CO PLCGERMANY, GOVERNMENT OFNIPPON SUISAN KAISHA LTDIDEMITSU KOSAN CO LTDPOWERSCREEN INTL PLCSUNTORY LTDCIBA GEIGY LTDFRANCE, GOVERNMENT OFINCHCAPE PLCSILITEK CORPMUTOH INDUSTRIES LTDFRANCE, GOVERNMENT OFCANADIAN PACIFIC HOTELS AND RESORTSAROSA INCJEF INC.CHEN, WEN SUN SAKATA SEED CORP STEINBERG FAMILY DPA TECHNOLOGY SYSTEMS TOYOTA MOTOR CORP KABUTO DECOM INC MISAWA HOMES CO OHBAYASHI AMERICA CORP TAIYO DEVELOPMENT A AHLSTROM OY GREEN CROSS CORP, THE ACER INCUNIDENTIFIED PRIVATE COMPANY OMNI HOLDING AG NIFCO INCJAPANESE INVESTORS PACKER, KERRY KYOTARU CO LTDSUMITOMO METAL INDUSTRIES LTDMITSUI & CORENOWN OF TOKYOBORNEO MERCANTILE CO LTDBUG CO LTDPACKER, KERRYONODA CEMENT CO LTDElSEN REAL ESTATE CO LTDMARUBENI CORPPIONEER ELECTRONIC CORP ET AL CARTIER FAMILY VICEROY GOLD CORP

NA TY VALUE($ MILLION)

JA JVJA OTEl AMJA OTUK JV 556.6UK OTGE OTJA NP 65,4JA OT 40.0UK AM 18.0JA AM 3.6SZ NP 85.0FR NP 13.0UK AMTW AM 1.6JA AM 13.3FR AM 38.0CA AMCA AM 1.5FR AM 3.4TW AM 7.0JA OTCA PE 50.0IS AMJA NP 110.0JA AM 70.0JA RE 338.0JA JV 16.0JA REFI PEJA PETW AM 94.0CA AMSZ AM 7.0JA AM 3.1JA OT 200.0AS AMJA AH 41.5JA AH 10.0JA AH 190.0JA JV 50.0KS OTJA OTAS ElJA AH 229.2JA AH 37.0JA AHJA AH 60.0FR OTCA OT 2.0


1990 FOREIGN DIRECT INVESTMENTS, COMPLETED. BY STATE

TS US FIRM NAME

CA CELINE INCCA CELINE INCCA CENTRAL BANKCA CENTRAL PLAZACA CKALONE INCCA CHAMPION NISSON DEALERSHIPCA CHANEL BOUTIQUECA CHEP USACA CHINA ECONOMIC TRADE INFO CONSULTING INCCA CODON INCCA COLUMBIA PICTURES ENTERTAINMENT INCCA CONEX CABLE INCCA CONTINENTAL FLAVORS & FRAGRANCES INCCA CORONADO BAY HOTELCA CROSSPOINT SOLUTIONS INCCA DARUMACA DATAPRODUCTS CORPCA DESOTO INC’S INDUSTRIAL COATING DIVCA DIOR, CHRISTIANCA EECO COMPUTER INCCA EICO INCCA EMBASSY SUITES HOTELCA EMPCO INDUSTRIES INCCA EVEREST & JENNINGS INTERNATIONALCA FEATHER RIVER FOODS INCCA FILTROL CORPCA FIREMAN'S FUND INSURANCE COCA FIRST COMMERCIAL BANKCA FOUNDERS CLUB GOLF COCA FOUNTAINGROVE COUNTRY CLUBCA FOX INC'S DELUXE FILM LABCA GENENTECH INCCA GENERAL ATOMICS' APPLIED SUPERCONETICSCA GOLDEN STATE NEWSPRINT COCA GOLDPFEILCA H F AHMANSON & CO HEADQUARTERS BUILDINGCA HACIENDA DE MONTEREY RETIREMENT COMMUNTYCA HAYWOOD WINERYCA HEAVENLY VALLEY SKI RESORTCA HIGH BLUFF DEL MAR OFFICE BUILDINGCA HOME SAVING OFFICE TOWERCA HOTEL INVESTORS CORP-HOTEL INVEST TRUSTCA HUDSON SOFT USACA HYATT GRAND CHAMPION HOTELCA IDEC PHARMACEUTICALS CORPCA II BISONETCA IMMUNETECH PHARMACEUTICAL S R&DCA INDUSTRIAL DEVELOPMENT AUTHORITYCA INFONET SERVICES CORPCA INSTITUTE FOR BIOLOGICAL R&D

LOCATION

SAN FRANCISCO BEVERLY HILLS WALNUT CREEK LOS ANGELES SAN FRANCISCO PITTSBURGH COSTA MESA LOS ANGELES LOS ANGELES SAN FRANCISCO CULVER CITY DUBLIN BREASAN DIEGO SANTA CLARA LOS ANGELES WOODLAND HILLS BERKELEY BEVERLY HILLS SANTA ANA MILPITAS DOWNEY GLENDALE LOS ANGELES MARYSVILLE LOS ANGELES NOVATO LOS ANGELES SAN MARCOS SANTA ANA HOLLYWOOD SAN FRANCISCO SAN DIEGO POMONABEVERLY HILLS LOS ANGELES PALM DESERT SONOMASO. LAKE TAHOE DEL MAR LOS ANGELES SAN DIEGO SAN FRANCISCO INDIAN WELLS LOS ANGELES SAN FRANCISCO SAN DIEGO SAN JOSE EL SEGUNDO IRVINE

SIC FOREIGN INVESTOR NA TY VALUE($ MILLION)

5611 ARNAULT FAMILY FR OT5611 ARNAULT FAMILY FR OT6022 BANQUE NATIONALE DE PARIS FR AM 42.5**** ZUFU PROPERTIES CO LTD HK AM2084 BARON ERIC DE ROTHSCHILD FR El5511 NISSHO-IWAI CORP JA AM 4.35632 WERTHEIMER FAMILY FR OT4212 BRAMBLES INDUSTRIES LTD AS OT 85.09611 PEOPLES REPUBLIC OF CHINA, GOVERNMENT OF CH OT 0.58731 SCHERING AG GE AM 85.07812 SONY CORP JA OT3357 HITACHI CABLE LTD JA JV2087 FRANCE, GOVERNMENT OF FR AM7011 KUMAGAI GUMI-KAWASKI STEEL CORP ET AL JA JV3674 ASCII CORP JA AM 6.05812 TAKASAKI BENTO KK JA OT3577 HITACHI LTD JA AM 160.02851 COURTAULDS PLC UK AM 135.05621 ARNAULT FAMILY FR OT3679 DATAPREP LTD HK AM 1.93672 IWATANI INTL CORP JA AM7011 SANWA JUTAKU CO LTD JA AM5014 T CHATANI & CO LTD ET AL JA AM 30.03842 BRIERLEY, RONALD ET AL NZ El2034 SHOEI FOODS CORP JA AM 2.72819 AKZO NV NL AM6331 ALLIANZ AG GE AM 3,300.06022 FIRST COMMERCIAL BANK TW OT5941 ASICS CORP JA JV 0.57997 FUTSU GOLF CLUB CO LTD JA AM 25.07819 RANK ORGANIZATION PLC UK AM 150.02834 HOFFMANN LA-ROCHE FAMILY SZ AM 2,110.03693 TOSHIBA CORP JA AM2621 SMURFIT FAMILY El AM 95.05948 GOLDPFEIL, LUDWIG GE OT**** KAWASAKI ENTERPRISES INC ET AL JA AM 45.0**** MARUKO INC JA AM 27.02084 RACKE INTL GE AM7011 KAMORI KANKO CO JA AM 90.0**** MARUKO INC JA AM 14.5**** KAWASAKI ENTERPRISES INC JA AM 83.07011 E1E INTERNATIONAL CORP JA AM 152.27372 HUDSON SOFT CO JA OT7011 JAPANESE INVESTORS JA AM 66.58731 INSTITUTE OF IMMUNOLOGY CO JA AM 23.05632 II BISONET IT OT8071 TANABE SEIYAKU CO LTD JA El 37.39611 IRELAND, GOVERNMENT OF THE REPUBLIC OF El OT4813 FRANCE, GERMANY, SPAIN, GOV'TS OF FR JV8731 KURAYA PHARMACEUTICAL CO LTD JA AM 25.0

I


1990 FOREIGN DIRECT INVESTMENTS, COMPLETED, BY STATE

TS US FIRM NAME LOCATION SIC FOREIGN INVESTOR NA TY VALUE ($ MILLION]

CA INTEGRATED CMOS SYSTEMS CORP SUNNYVALE 3674 TOSHIBA CORP JA AM 4.0CA INTEL/NMBS DRAMS FABRICATIONS SANTA CLARA 3674 MINEBEA CO JA JVCA INTERCONNECTION PRODUCTS INC SANTA ANA 3678 WEARNES BROTHERS LTD SN AMCA IR JAPAN INC SAN FRANCISCO 8743 IRJ GROUP JA OTCA ISLANDER SANTA CATALINA 2711 INDEPENDENT NEWSPAPERS LTD NZ AMCA JAPAN TIMES WEEKLY INTERNATIONAL LOS ANGELES 2711 JAPAN TIMES CO LTD JA OTCA JARDINE RADIX INTERNATIONAL LOS ANGELES 4731 JARDINE MATHESON LTD HK JVCA KAGOME USA LOS BANOS 2087 KAGOME CO LTD JA NP 20.0CA KAWASAKI WAFER TECHNOLOGY INC SANTA CLARA 3674 KAWASAKI STEEL CORP JA NP 45.0CA KIMTRON CORP SAN JOSE 3573 INKEL CORP KS AMCA KJWT LOS ANGELES 7311 SORRELL, MARTIN ET AL UK OTCA KOBE STEEL'S RESEARCH INSTITUTE PALO ALTOS 8732 KOBE STEEL LTD JA OT 2.0CA KOMAG INC MILPITAS 3674 KOBE STEEL LTD JA AM 20.0CA KUBOTA CORP SANTA CLARA 3575 KUBOTA CORP JA OTCA KURAYA AMERICA SYSTEMS LOS ANGELES 5122 KURAYA PHARMACEUTICAL CO JA OT 0.5CA KWIK-SERV FOODS INC SOUTH GATE 5144 FUJI TRADING CO LTD JA AM 2.0CA KYOCERA IND CERAMICS CORP SAN DIEGO 5065 KYOCERA CORP JA OTCA KYODO AIR INC LOS ANGELES 4512 KYODO AIRLINES CO LTD JA OTCA LA QUINTA PLAZA SHOPPING CENTER LA QUINTA **** MARUKO INC JA AM 15.2CA LIBREX COMPUTER SYSTEMS INC SAN JOSE 3571 NIPPON STEEL CORP JA OT 15.0CA LITERAL CORP SANTA CLARA 3695 OLIVETTI FAMILY ET AL IT AM 43.0CA LONGVIEW FIBER CO’S PLANT

LOVE'S WOOD PIT BARBEQUE RESTAURANTSLOS ANGELES 2653 TOMOKU CO LTD & MITSUBISHI CORP JA AM 26.0

CA LAGUNA HILLS 5812 KYOTARU LTD JA AM 3.6CA LUCKY GOLDSTAR WESTERN DISTR CNTR ONTARIO 5084 GOLDSTAR CO LTD KS OTCA MAEDA-EN LOS ANGELES 5499 MAEDA-EN JA OTCA MARRIOTT-SYMPHONY TOWERS SAN DIEGO 7011 DIA KENSETSU JA AM 41.0CA MARUMAN GOLF CO SAN DIEGO 5091 MARUMAN CO LTD JA OTCA MASQUERADE INTL INC SAN 01EGO 2389 ARAI SHOJI CO LTD JA AM 2.0CA MATSUSHITA AVIONICS DEVELOPMENT CORP IRVINE 3651 MATSUSHITA ELEC IND CO LTD JA OTCA MCA INC UNIVERSAL CITY 7812 MATSUSHITA ELECTRIC INDUSTRIAL CO JA AM 7,500.0CA MEDIA INTERNATIONAL CORP HOLLYWOOD 7812 JAPANESE CONSORTIUM JA OT 200.0CA MEI'S CALIFORNIA PEANUT CO RICHMOND 2064 EZAKI GLICO CO LTD JA AM 58.0CA METROLIGHT STUDIO INC LOS ANGELES 7374 CANON INC JA AM 4.0CA MGM/UA COMMUNICATIONS CO BEVERLY HILLS 7812 PARRETTI, GIANCARLO ET AL IT AM 1,360.0CA MISHIMA FOODS RESTAURANT GARDENA 5812 MISHIMA FOODS CO LTD JA OTCA MISSION BAY MARINA SAN FRANCISCO 4493 ASAHI KAIYO LTD JA AM 14.0CA MOSAIC SYSTEMS INC FREMONT 3674 SUMITOMO METAL INDUSTRIES LTD JA AM 3.0CA MOUNTAIN COMPUTER INC CAMPBELL 3579 NISSHO IWAI CORP JA AMCA NAKAMICHI PERIPHERALS CORP CYPRESS 3577 NAKAMICHI CORP JA OT 10.0CA NEWPORT ADHESIVES INC FOUNTAIN VALLEY 2891 MITSUBISHI RAYON CO LTD JA AMCA NEWPORT COMPOSITES INC SANTA ANA 2869 MITSUBISHI RAYON CO LTD JA AM 38.0CA NEXGEN MICROSYSTEMS INC SAN JOSE 7372 ASCII CORP JA AM 5.0CA NISSAN NO AMERICA INC TORRANCE 3711 NISSAN MOTOR CO LTO JA NPCA NISSEI ELECTRIC LOS ANGELES 5065 NISSEI ELECTRIC CO LTO JA OTCA NKK ELECTRONICS AMERICA INC SAN JOSE 5065 NKK CORP JA OTCA NOMURA ROSENBURG INVEST. TECH. INSTITUTE SAN FRANCISCO 6282 NOMURA SECURITIES JA JVCA NORTHROP.ANAHEIM PLANT ANAHEIM **** TAIYO CORP JA RE 35.0CA NOVASENSOR FREEMONT 3829 LUCAS INDUSTRIES PLC UK AMCA NYK LINE (NORTH AMERICA) INC SAN FRANCISCO 4412 NIPPON YUSEN KK JA OTCA NYK LINE (NORTH AMERICA) INC LONG BEACH 4412 NIPPON YUSEN KK JA OT



TS US FIRM NAME

CA OAK COURTCA OFFICE BLDGS OYSTER PT BUSINESS PK (2)CA OFFICE BUILDING CA OFFICE BUILDING AND 22 ACRES CA OFFICE BUILDING - 550 SOUTH HOPE CA OFFICE TOWER AT KOLL CENTER CA OFFICE TOWER ON WILSHIRE BLVD CA OMNI BANK NACA ONE GREAT AMERICAN PLAZA OFFICE BUILDING CA ORTEL CORP CA OSAKA GASCA PACIFIC AGRICULTURAL HOLDINGS INCCA PARK WESTCA PEBBLE BEACH COCA PHONE MATE INCCA PIER COLONYCA PIONEER VIDEO MFG INCCA PLUMWOOD HOUSECA PORTMAN HOTELCA PRECISION IMAGE CORPCA QUANTUM INDUSTRIESCA QUINTEC LAMINATED PRODUCTSCA REGENT BEVERLY WILSHIRE HOTELCA RIBOGENE INCCA RIVER VILLAGECA ROGER CLEVELAND GOLF COCA SAMSUNG ELECTRONICSCA SAN FRANCISCO CENTRECA SAN GERONIMO VALLEY GOLF CLUBCA SANYO ELECTRICCA SECURITIES GUARANTY INSURANCE SERVICESCA SEEQ TECHNOLOGYCA SENKO LOGISTICS INCCA SERCOMP CORPCA SHERATON ANAHEIMCA SHOPPING CENTERCA SILICONIX INCCA SINGAPORE AIRLINES LTDCA SMITH CORONA/ACERCA SONY CORP OPERATING SYSTEMCA SPORTS ARENA TRAVELODGECA STANDARD CONCRETE PRODUCTS INCCA TAMBRAND'S PHYSICIANS FORMULA COSMETICSCA TAM'S STATIONERSCA TERA MICRO SYSTEMS INCCA THORNE ENVIRONMENTAL INCCA TIFFANY & COCA TNT REDDAWAYCA TOPPAN PRINTING COCA TOSHIBA'S PROCUREMENT & EXPORT DIV

LOCATION SIC FOREIGN INVESTOR NA TY VALUE

PLEASANT HILL NAKANO INTERNATIONAL CORP JA JV

($ MILLION)

18.0SAN FRANCISCO TOMOE SHOKAI LTD JA AM 70.0PASADENA TOHSHIN CORP JA AM 33.0WOODLAND HILLS **★* TRIZEC CORP LTD CA RE 57.0NEWPORT BEACH **** OHBAYASHI CORP JA JV 100.0IRVINE **** ZEN ITAKA CORP JA JV 25.0LOS ANGELES **** PATHE COMMUNICATIONS IT AM 24.0MONTEREY PARK 6021 CHINA REBAR CO TW AM 21.0SAN DIEGO **** SHIMIZU LAND CORP JA JV 36.5ALHAMBRA 3812 SUMITOMO CORP JA AM 13.1PASADENA 5084 OSAKA GAS CO LTD JA OTFRESNO 6552 ALBERT FISHER GROUP PLC UK AMSAN DIEGO GEORGE WIMPEY INC UK OTPEBBLE BEACH 7011 MINORU ISUTANI JA AM 800.0TORRANCE 3661 ASAHI CORP JA El 7.3HUNTINGTON B’CH **** HASEKO CORP JA JVCARSON 3651 PIONEER ELECTRONIC CORP JA PE

16.5IRVINE 8732 HITACHI LTD JA OTSAN FRANCISCO 7011 TOTYU CORP JA AM 103.0REDWOOD CITY 3573 GRAPHTEC CORP JA ElSANTA ROSA 3535 METSEC PLC UK AMANAHEIM 3672 AKZO NV NL AM

100.0BEVERLY HILLS 7011 NISSHIN STEAMSHIP CO LTD JA AMMENLO PARK 8731 USSR, GOVERNMENT OF UR AM

27.0BONSALL **** CENTRUMINVEST AB SW OTPARAMOUNT 3949 SKIS ROSSIGNOL SA FR AMSILICON VALLEY 3571 SAMSUNG ELECTRONICS CO KS OT

130.8SAN FRANCISCO **** POWER, ROBIN El AMMARIAN CTY 7997 YOSHITADA, TAKAHASHI ET AL JA AM 13.0

SANTA CLARA 5065 SANYO ELECTRIC CO LTD JA OTSANTA ANA 6351 SECURITY RISK SERVICES UK AMSAN JOSE 3674 HUALON MICROELECTRONICS TW AM 5.3

CARSON 4731 SENKO CO LTD JA OT11.8CHATSWORTH 3955 MITSUBISHI PENCIL CO LTD JA AM

ANAHEIM 7011 PACIFIC ISLANDIA RESORT INC JA AM 65.0

SAN DIEGO **** NAKANO VINEGAR CO LTD JA AM 23.9

SANTA CLARA 3674 DAIMLER-BENZ AG GE El 13.0

LOS ANGELES 4512 TEMASEK HOLDINGS (PTE) LTD SN OT 8.0

SAN FRANCISCO 3575 HANSON PLC ET AL UK OT

SAN JOSE 3575 SONY CORP JA OT64.5INDIAN WELLS 7011 MARUKO INC JA AM

SANTA ROSA 3273 GENERALE DE BELGIQUE SA BE AMCITY OF INDUSTRY2844 PIERRE FABRE SA FR AMPARAMOUNT 5943 TFI JA AM

2.0SANTA CLARA 3577 ASCII CORP JA AM

LONG BEACH 4959 PACKER, KERRY AS AM

BEVERLY HILLS 5944 MITSUKOSHI LTD ET AL JA OT

SAN DIEGO 4231 TNT LTD AS OT

LOS ANGELES 2732 TOPPAN PRINTING CO LTD JA OT

SAN FRANCISCO 3577 TOSHIBA CORP JA OT

ooI


1990 FOREIGK DIRECT INVESTMENTS, COMPLETED., BY STATE

TS US FIRM NAME

CA TOWA COCA TOYOTA MOTOR SALES USACA TRITON PICTURES COCA U S GRANT HOTELCA ULVAC JAPANCA VALENTINO BOUTIQUECA VOICEMAIL INTL INCCA VOLKSWAGEN OF AMERICA DESIGN CENTERCA WARNACO GROUP INCCA WARNER CORPORATE CENTERCA WELLS FARGO & COCA WHITNEY CRESSMAN LTDCA WILSHIRE COURT BUILDINGCA WILSHIRE PARK PUCECA WOODFIN SUITESCA WSI CORPCA WYNDHAM FOOOS INCCA WYSE TECHNOLOGY INCCA YAOHAN USA CORPCA YERBA BUENA HOTELCO COBE LABORATORIES INCCO DENVER BUFFALO COCO DESCENTECO FOX RUN APARTMENTSCO FUJI FOOOS US INCCO IDEAL BASIC INDUSTRIES INCCO INFORMATION & GRAPHICS SYSTEMS INCCO INTELLISTORCO LEASETEC CORPCO MANCHESTER PUCECO MELCO INDUSTRIES INCCO MINORCO USACO MOUNTAIN VIEW APARTMENTSCO NMB-RAMTRON CORPCO OFFICE BUILDING, 50 S. STEELE STCO OLSEN.J PERRY RANCHCO PIER POINT VILLAGE 6CO POWDERHORN SKI RESORTCO SHOPPING CENTER AT SOUTHPARKCO SIGNAL PROCESSING TECHNOLOGIESCO SOLBOURNE COMPUTER INCCO UNIDENTIFIED BEEF PACKING PLANTCO WESTERN ZINCCT ALBY-OLIN CHLORATES COCT BARDEN CORPCT BOISE CASCADE CORP'S PLANTS (2)CT CONTROL DATA'S MICROGNOSIS INC CT ERBAMONT INC CT EURO SYSTEMS INTERNATIONAL CT FACULATIVE MANAGERS CORP

LOCATION SIC

SUNNYVALE 5065LONG BEACH 5012LOS ANGELES 7822SAN DIEGO 7011FREMONT 3674BEVERLY HILLS 5651SANTA CLARA 3661LOS ANGELES 3711LOS ANGELES 2329LOS ANGELES ****

SAN FRANCISCO 6021SAN FRANCISCO 6531LOS ANGELES ****

LOS ANGELES ****

ORANGE COUNTY 7011CAMARILLO 5091SAN FRANCISCO 2032SAN JOSE 3575COSTA MESA 5411SAN FRANCISCO 7011LAKEWOOD CO 3841DENVER 0212DENVER 5136LAKEWOOD ****

DENVER 2011DENVER 3241BOULDER 7373LONGMONT 3572BOULDER 7372AURORA ****DENVER 3552DENVER 1041DENVER ****

COLORADO SPRGS 3674CHERRY CREEK ****VAIL 0214AURORA ****

DENVER 7011LITTLETON ****COLORADO SPGS 3674LONGMONT 3573DENVER 2011ENGLEWOOD 1031WESTPORT 5169DANBURY 3562MILFORD 2653DANBURY 3571STAMFORD 2834STRATFORD 8742STAMFORD 6311

FOREIGN INVESTOR

TOWA CO LTD TOYOTA MOTOR CORP KADOKAWA FAMILY SANSEIULVAC JAPAN LTO GFT SPAITALY. GOVERNMENT OFGERMANY, GOVERNMENT OFROBERT STEPHEN HOLDINGS LTDNOMURA REAL ESTATE INTERNATIONAL INCNIKKO SECURITIES COFIRST PACIFIC DAVIES LTDHA, STEVENLUCKY GOLD STAR INCYASUDA TRUST AND BANKING CO LTDCHINA BICYCLE CORPPRESIDENT ENTERPRISES CORPKOO FAMILYYAOHAN DEPARTMENT STORE CO LTD KANSAI DEVELOPMENT AB VOLVOTOKYO GENERAL CORP OESCENTE LTD HONG KONG INVESTOR GROUP SEIBU GROUPHOLDERBANK FINANCIERS 6LARIS AGHITACHI LTDFUJI ELECTRIC CO LTDTOKYO LEASING CO LTDYIP-LU PARTNERSHIPSAURER-GRUPPE HLDG AGOPPENHEIMER. HARRY FYIP-LU PARTNERSHIPRAMTRON AUSTRALIA LTDINAGEYAL1NDH0LM.MAGNUS YIP-LU PARTNERSHIP INTERNATIONAL BRONZE CORP YIP-LU PARTNERSHIP TOKO INCMATSUSHITA ELEC IND CO LTDFUJI SHOKUHIN CO LTOMITSUI MINING Si SMELTING CO LTDSTORA KOPPARBERGS BERGSUGS ABFAG KUGELFISCHERSMURFIT FAMILYCSK CORPFERRUZZI GROUPSBS GROUPSKANDIA AB


JA OTJA OTJA AMJA AM 30.0JA OTIT OT 1.3IT ElGE NPUK AM 10.0JA AM 76.0JA JV 125.0HK JVKS AMKS JVJA AM 14.0CH AMTW AM 335.0TW AM 270.0JA OTJA AM 4.5SW AM 253.0JA JVJA OTHK AM 3.1JA NP 6.0SZ El 62.3JA AM 2.3JA OT 11.0JA AMTW AM 0.7SZ AMSO OTTW AM 2.5AS JVJA AM 5.0SW AM 8.8TW AM 2.0SZ AMTW AM 15.5JA AMJA AMJA AM 3.3JA JVSW El 53.0GE AM 131.0El AMJA AMIT ElUK AMSW JV



TS US FIRM NAME

CT FENDI CT HOWMET CORPCT INCHCAPE SHIPPING SERVICES (USA) INCCT PACKAGE MACHINERY COCT POST COLLEGECT POWER SYSTEMS INCCT SKAARUP SHIPPING INTERNATIONAL CORPCT TALBOTS INCCT UNION CARBIDE'S DETERGENT DIVISION CT UNITED TECHNOLOGIES' GLOBAL AUTO SEALINGDC CPRMDC MIXED USE BLDG - 2311 M STREET NWDC NOSTALGIA NETWORK DC POTOMAC TV COMMUNICATIONS INCDC SPACEHAB INCDC STAR FIELDS OF ASTRAEADC SUPER CONCRETE CORPDC TAIDO USADC UKAIDC WEXLER/REYNOLDS/FULLER/HARRISON & SCHULEDE DYNAMIC LOOP CORPDE HIMONT INCDE ISETAN OF AMERICA INCFL AUSTIN CENTER SOUTHFL BAYSHORE PLACEFL BELLEVIEW BILTMORE RESORT HOTELFL BERNA PRODUCTS INCFL B&W CANNING'S JUICE PROC PLANTFL CD MEDICAL INCFL CHILEAN LINE INCFL EUROPEAN & GENERAL SHIPPING INCFL FORTUNE CENTERFL GOLF INDUSTRYFL GOURMET RETAILER, THEFL GULFSTREAM PARK & CALDER RACE COURSEFL HAMPTON INN KEY WESTFL HEALTH FACILITIESFL HILLCREST COUNTRY CLUBFL HUNTLEY'S JIFFY STORES INCFL INDIAN RIVER'S GRAPEFRUIT PLANTFL INTERAMERICAN CONSOL & CARRIERS INCFL INTERVISUAL ADVERTISINGFL JAPAN EXTERNAL TRADE ORG (JETRO)FL JAPAN TRAVEL BUREAU INTERNATIONALFL JOSEPH & SCHILLER INCFL KEY BISCAYNE BANKFL NYK LINE NORTH AMERICA) INCFL NYK LINE (NORTH AMERICA) INCFL OAK FOREST APARTMENTSFL OFFICE BUILDING - 600 BR1CKELL AVE

LOCATION

STAMFORDNO. HAVENSTAMFORDSTAFFORO SPGSWATERBURYBLOOMFIELDGREENWICHWESTPORTDANBURYHARTFORDWASHINGTONWASHINGTONWASHINGTONWASHINGTONWASHINGTONWASHINGTONWASHINGTONWASHINGTONWASHINGTONWASHINGTONWILMINGTONWILMINGTONWILMINGTONTAMPATAMPABELLEAIRCORAL GABLESGROVELANDMIAMI LAKEMIAMIMIAMIMIAMINORTH MIAMINORTH MIAMIMIAMIKEY WESTNEW PORT RICHYHOLLYWOODJACKSONVILLEVERO BEACHMIAMIJACKSONVILLETAMPAORLANDOMIAMIMIAMIMIAMIJACKSONVILLETAMPAMIAMI

SIC

56513724473135658221367944125641284128914813****

48417812478959423273873358128743481328215611

701151222037384144124731**★*

2721272179487011805979995411017447312721961147244731602244124412****

FOREIGN INVESTOR

FENDI FAMILY FRANCE, GOVERNMENT OF INCHCAPE PLCTOKYO AUTOMATIC MACHINERY WORKS LTDOKINAGA, SOICHIMINEBEA CO LTOMITSUI-OSK LINES LTDJUSCO CO LTDHOECHST AGBTR PLCPORTUGAL, GOVERNMENT OF YJ LOVELL (HOLDINGS) PLC MOON, SUN MYUNG SUN MYUNG MOON ET AL MITSUBISHI CORP ET AL BANKS, NORRIS EVERED PLCHIRAKI, DR TOSHIHISA UKAISORRELL, MARTINNIPPON TELEGRAPH & TELEPHONE CORPFERRUZZI GROUPISETAN CO LTDSWEDISH INVESTORSSWEDISH INVESTORSMIDO DEVELOPMENT COSWISS SERUM & VACCINE INSTITUTEUNIDENTIFIED JAPANESE INVESTORSALTHIN MEDICAL GROUP ABCHILEAN LINE SUD AMERICANA DE VAPORESEUROPEAN b GENERAL PLCZIJERVELD HOLDING BVSTERLING PUBLISHING GROUP PLCSTERLING PUBLISHING GROUP PLCVICTORIA CO LTDHINOMARU HIRE CO LTDYORK HANNOVER NURSING CENTER INCJAPANESE INVESTOR GROUPSOCIETE DOCKS DE FRANCETOSHOKU LTDOCEAN GROUP PLCINTERVISUAL ADVERTISING LTDJAPAN, GOVERNMENT OFJAPAN, GOVERNMENT OFOCEAN GROUP PLCKARDONSKI FAMILYNIPPON YUSEN KKNIPPON YUSEN KKJAPANESE INVESTORSHERLON INVESTMENTS CORP


IT OTFR NPUK OTJA ElJA OTJA AM 13.3JA AMJA OTGE AMUK AM 191.0PO OTUK JV 10.5KS AMKS AMJA El 10.0AS OTUK AM 36.4JA OTJA OTUK AMJA OTIT El 594.8JA OTSW AMSW AM 22.6JA AM 27.5SZ NPJA AM 4.0SW AMCl OTUK OTNL JV 2.6UK AMUK AMJA AM 50.0JA AMCA AMJA AM 9.3FR AM 100.0JA AM 2.0UK AM 2.1UK OTJA OTJA OTUK AM 2.2PM AMJA OTJA OTJA JV 1.1NA AM 12.0

120



IS US FIRM NAME

OFFICE DEPOT INC PALEX MEDICAL INC PARK PLAZA PELICAN GOLF CLUB PENSON FLORIDA INC RAVEL INCRAVINE GOLF CLUB INC REGENCY OFFICE CENTER RIGHTSOFT INCROLLING HILLS GOLF & TENNIS CLUB RUBIN ICOT CENTERRYDER BULK TRANSPORTATION SERVICES INC SHOPPING CENTER-POWERLINE ROAD STEVE BAKER ASSOCIATES SUGARMILL WOODS COUNTRY CLUB SUNBANK CENTER TECHNICAL BUSINESS FORMS TENNIS INDUSTRY THE GRANDTHE SHOPPES OF ORCHID LAKETRANSITION OPTICAL INCTYCOON/FINNOR CORPVALUE RENT-A-CAR INCVERO BEACH CITRUS PACKERS INCWEST SHORE PLAZAX-PRESS CARDSAMOCO NISSEKI CLAF INCATLANTA CAPITAL MANAGEMENT COBRIDGESTONE SPORTING GOODS MFG INCCLUETT PEABODY'S OIVDEAK INTERNATIONAL RESOURCESDELTA AIRLINES INCDIGITAL'S NETWORK COMM GROUPEMBASSY SUITES HOTELEUROPLEX/ADCORFINANCIAL PLANNINGGLC TOWERHORIZON INDUSTRIES INC HOTEL NIKKO ATLANTA INOCHEM INC INTERMARINE USA JOHNSON YOKOGAWA CORP (JYC)MATSUSHITA COMMUNICATION CO MIDTOWN PLAZANYK LINE (NORTH AMERICA) INC NYK LINE (NORTH AMERICA) INC OFFICE BUILDINGOFFICE BUILDINGS IN PEACHTREE CENTER ORGANO (AMERICA) INC PIERREMONT PLAZA

LOCATION SIC FOREIGN INVESTOR NA TY VALUE($ MILLION)

BOCA RATON 5943 FOURNIER, JACQUES FAMILY ET AL FR ElMIAMI 5047 PALEX MEDICAL GROUP SP NPHIALEAH 7011 EIE INTERNATIONAL CORP, ET AL JA AM 25.0ST PETERSBURG 7997 KUROSAWA, HIDEO JA AMMIAMI 4731 OCEAN GROUP PLC UK AM 2.2CLEARWATER 5094 KUWAYAMA KIKINZOKU CO LTD ET AL JA AM 3.0JACKSONVILLE 7997 KONDO SANGYO CO LTD ET AL JA AM 10.0PORT RICHEY **** WETERINGWEG VASTGOED BV NL AM 2.5SARASOTA 7372 MAXWELL, ROBERT FAMILY UK AM 5.0MIAMI 7997 KASI, YOSHISAKA ET AL JA AM 16.6PINELLAS COUNTY **** MELITTA INTERNATIONAL GE OT 6.1MIAMI 4213 TRIMAC LTD CA AMBOCA RATON **** SWISS INVESTORS SZ AM 10.3ORLANDO 7996 MITSUBISHI CORP JA AMTAMPA 7997 INOUE, YUKISHISA JA AM 8.6FORT LAUDERDALE **** NISSHO IWAI CORP JA OT 15.0POMPANO BEACH 2759 CALDERA, ALBERTO VE NPNORTH MIAMI 2721 STERLING PUBLISHING GROUP PLC UK AMMIAMI iticie-k PIERRE HEAFEY ET AL CA AM 30.0PORT RICHEY **** WETERINGWEG VASTGOED BV NL AM 2.5ST PETERSBURG 3851 SOCIETE VALOPTEC FR JV 19.5HALLANDALE 3949 TAKAHASHI, HIRDMICHI JA AMDEERFIELD BCH 7514 MITSUBISHI HEAVY INDUSTRIES LTD JA AMVERO BEACH 5148 TOSHOKU LTD JA OTTAMPA **** GROSVENOR INTERNATIONAL ATLANTIC LTD UK AM 87.7NORTH MIAMI 2771 STERLING PUBLISHING PLC UK AMATLANTA 2297 NIPPON OIL CO LTD JA JVATLANTA 6282 SAMUAL INVESTMENT MGMT GROUP LTD UK AMCOVINGTON 3949 BRIDGESTONE CORP JA NPWEST POINT 2321 BIDERMANN SA FR AM 410.0ATLANTA 6221 THOMAS COOK GROUP UK AMATLANTA 4512 TEMASEK HOLDINGS (PTE) LTD SN El 183.0ALPHARETTA 3663 RACAL ELECTRONICS PLC UK AM 49.0ATLANTA 7011 UNSPECIFIED UN AM 38.8ATLANTA 3674 VAN DEPOLL FAMILY UK NPATLANTA 2721 THOMSON, KENNETH R CA AMATLANTA **** GULLSTEDT GRUPPEN SW AM 90.0CALHOUN 2273 BEAULIEU TERLEMBEEK BE AMATLANTA 7011 NIKKO HOTELS INTERNATIONAL JA OTSAVANNAH 5169 ELLIS & EVERARD PLC UK AMSAVANNAH 3731 FERRUZZI GROUP IT ElNEWMAN 3823 YOKOGAWA ELECTRONIC CORP JA JVPEACHTREE CITY 3661 MATSUSHITA ELEC IND CO LTD JA PE 1.3ATLANTA **** MITSUBISHI ESTATE CO. ET AL JA RE 74.0GARDEN CITY 4412 NIPPON YUSEN KK JA OTATLANTA 4412 NIPPON YUSEN KK JA OTATLANTA **** IMMOBILIA INTERNATIONAL SW AM 13.5ATLANTA **♦* NIPPON LIFE INSURANCE CO JA JV 166.3ATLANTA 3589 JAPAN ORGANO CO LTD JA OTATLANTA 7011 FUNDOS FONDS GE AM 48.0

II-1N Jh-1I


1990 FOREIGN DIRECT INVESTMENTS, COMPLETED. BY STATE

TS US FIRM NAME

GA PPI DEL MONTE TROPICAL FRUIT COGA PROFIT SYSTEMS INCGA RICOH COGA RJR NABISCO'S CANDY BUSINESSGA ZUA AUTO PARTS INCHI 26 ACRES COMMERCIAL LANOHI AU'S PLUMBING & METAL WORK INCHI BANYAN INN MARKETPLACE IN LAHAINAHI CARTIER HAWAII INCHI DIOR. CHRISTIANHI EMPORIO ARMANI BOUTIQUEHI GOLDPFEILHI HAWAII BUSINESS PARKHI HAWAII PRINCE HOTELHI HEMMETER AVIATION INCHI HEMMETER CORP BUILDINGHI HILO HAWAIIANHI HONOLULU CLUB BUILDINGHI HOTELHI HOTEL SITES (2) AT KO OLINA RESORTHI HOTEL SITES (4) AT KO OLINA RESORTHI HUTCHINSON AUTO & TRANSPORT CO INCHI INTERNATIONAL HOLDING CAPITAL CORPHI ITO-EN COHI KO OLINA RESORT HOTEL SITEHI MAUI LU RESORTHI MERCHANDISE MART SITEHI MOS BURGERHI NIU VALLEY SHOPPING CENTERHI P3 RESTAURANTHI PLEASANT HAWAIIAN HOTELHI QUEEN KAPIOLANI AND QUALITY INN HOTELSHI REDONDOS SAUSAGE FACTORY INCHI SAND'S OF KAHANA RESORTHI SHERATON-NANSAY HOTEL VENTURE CORPHI SOUTH PACIFIC NETWORK CABLE VENTUREHI UNITY BUILDINGHI WESTIN MAUIHI WESTRIDGE SHOPPING CENTERIA AGRION CORPIA FARM BUREAU INSURANCE OFFICE BUILDINGIA GREYHOUND ACCOUNTING CENTERIA MARYCREST COLLEGEIA NICHII COIA PMX INDUSTRIESIA SAILIA WESTMAR COLLEGEIL AUCHAN INCIL BENEFIT TRUST BUILDINGIL BLISS Si LAUGHL1N INDUSTRIES INC

LOCATION

SAVANNAHMARIETTALAWRENCEVILLEATLANTAGAINESVILLEMAKAHAHONOLULUMAUIHONOLULUHONOLULUHONOLULUHONOLULUHONOLULUHONOLULUHONOLULUHONOLULUHILOHONOLULUMAUIWEST OAHU OAHUHONOLULUHONOLULUHONOLULUOAHUMAUIHONOLULUHONOLULUOAHUHONOLULUHONOLULUHONOLULUWAIPAHUHONOLULUHONOLULUHONOLULUHONOLULUMAUIOAHUDES MOINESDES MOINESWEST DES MOINESDAVENPORTRALSTONIOWA CITYDES MOINESLEMARSCHICAGOCHICAGOHARVEY

SIC FOREIGN INVESTOR NA TY VALUE

5148 NADIR.ASIL UK OT

(S MILLION)

4731 LEP GROUP PLC UK El 20.73861 RICOH CO LTD JA NP 19.62064 NESTLE SA SZ AM 370.03714 ZAHNRADFABRIK FRIEDRICHSAFEN AG ET AL GE NP 15.0**** HAWAII AISTAR JA RE 13.31711 TAISEI ONCHO KOGYO CO JA AM**** DUDDLE INTERNATIONAL LTD HK AM 4.55944 CARTIER FAMILY FR OT5621 ARNAULT FAMILY FR OT5651 ARMANI, GIORGIO IT OT5948 GOLDPFEIL, LUDWIG GE OT

12.0**** TOSEI SHOJI CO ET AL JA AM7011 SEIBU INC JA OT 150.04581 KYOTO TUSSHINKI GROUPE JA AM 10.0**** BIGI CORP JA AM7011 TOKYO NISSAN AUTO SALES CO JA AM 6.7**** ARAI & CO LTD JA AM 29.47011 DIA CONSTRUCTION CO LTD JA AM 18.8**** TOWN DEVELOPMENT CO JA RE 75.0**** TOWN DEVELOPMENT CO LTD JA RE 110.04212 INTERNATIONAL R & D CO LTD JA AM 8.56712 SUMIX JA AM 35.02086 ITO-EN CO LTD JA NP 19.6**** PAN PACIFIC HOTELIERS INC JA RE 15.3

7011 DIA CONSTRUCTION CO LTD JA AM 19.8**** TOA KOGYO CO JA RE 33.0

5812 MOS FOOD SERVICES INC JA OT24.0**** HOHKOKU KOHSAN CO JA AM

5812 P3 CO LTD JA OT31.07011 NICHIEI CO LTD JA AM

7011 SPORTS SHINKO JA AM 100.7

2013 NIPPON MEAT PACKERS JA AM 7.0

7011 LI VEX JA AM★*** NANSAY INTERNATIONAL JA JV4813 AUSTRALIA, GOVERNMENT OF AS JV

43.0**** GRC CO LTD JA AM

7011 ABE, KENTARO JA AM 261.5**** TOKAI RAYON JA AM 14.9

2836 BAYER AG GE AM16.0****PLAZA HOMES JA AM

**** PLAZA HOMES JA AM 16.1

8221 OKINAGA. SHOICHI JA AM 5.0

2075 NICHII CO LTD JA NP 3.5

3364 POONGSAN METAL CORP KS NP

2721 REED INTERNATIONAL PLC UK AM

8221 OKINAGA, SHOICHI JA AM 4.2

5331 MULLIEZ, GERARD FAMILY FR OT6.0**** KOREAN INVESTMENT GROUP KS AM

3312 STELCO INC CA AM 18.7

IH*totoI



TS US FIRM NAME LOCATION

IL CHICAGO RESEARCH AND TRADING GROUP LTD CHICAGOIL CINE800KS INC EVANSTONIL CR INDUSTRIES ELGINIL EXCHANGE BANCORP CHICAGOIL GNP COMMODITIES CHICAGOIL GUARDIAN ELECTRIC MFG CO WOODSTOCKIL HERMES OF PARIS INC CHICAGOIL INTERSTATE STEEL CORP DES PLAINESIL MARSHALL PRODUCTS INC LINCOLNSHIREIL MATSUSHITA'S FACTORY AUTOMATION TECH CNT FRANKLIN PARKIL NTN CORP MT PROSPECTIL OFFICE BUILDING - 303 WEST MADISON ST CHICAGOIL OFFICE TOWER - 633 ST CLAIR PL CHICAGOIL ST LAWRENCE STARCH CO LTD DECATUR .IL TNT CONTRACT LOGISTICS DES PLAINESIL TOSHIBA TUNGALOY MFG INC ELK GROVE VILIL UNION SPECIAL CORP CHICAGOIL UNISTAR AIR CARGO WOOD DALEIL WALLEN1US LINES NORTH AMERICA INC NORTHBROOKIN ARVIN SANGO INC MADISONIN BUCK-MATSUMOTO CHUCK CO LOGANSPORTIN CIN MILACRON'S INTL LASER MACHINES INDIANAPOLISIN FINE PACK INC FT WAYNEIN GECOM CORP GREENSBURGIN INDIANA PRECISION TECHNOLOGY INC INDIANAPOLISIN JETRO INDIANAPOLIS INDIANAPOLISIN KOK0KU STEEL CORD CORP SCOTTSBURGIN KYB INDUSTRIES INC LOMBARDIN M C ALUMINUM AMERICA INC COLUMBUSIN MCGILL MANUFACTURING CO VALPARAISOIN NORTH ATLANTIC CASUALTY & SURETY INDIANAPOLISIN RODAN AMERICA INC VALPARAISOIN SEYMOUR TUBING SEYMOURIN TASUS CORP BLOOMINGTONIN UNIVERSAL FOODS' STELLA CHEESE DIV PERUKS DATA DOCUMENTS SYSTEMS INC INDUS AIRPORTKS LEARJET CORP WICHITAKY ACCUROMM USA INC LEXINGTONKY AMBRAKE CORP ELIZABETHTOWNKY AMERICAN PRECISION MACHINERY INC HOPKINSVILLEKY ASAHI MOTOR WHEEL CO INC SOMERSETKY ATON COMPONENTS INC LE1TCHFIEL0KY BICEN TOOL & SUPPLY CO LEXINGTON KY BRENDAMOUR-YOKKAICHI WLDWIOE DIST CORP ERLANGERKY INTERNATIONAL CRANKSHAFT INC GEORGETOWNKY KATAYAMA AMERICAN CO INC SHELBYVILLEKY MATSUSHITA FLOOR CARE CO DANVILLEKY NORTH AMERICAN STAINLESS CARROLLTONKY SPD MAGNET WIRE CO MORGANTOWNKY TATSUEI INDUSTRIES KK RUSSELLVILLE

SIC FOREIGN INVESTOR

6221 MITSUBISHI TRUST AND BANKING CORPORATION2731 NEWS CORP LTD. THE3053 SKF AB6022 ALGEMENE BANK NEDERLAND NV6221 E 0 & F MAN INTERNATIONAL FUTURES INC3699 LOIKE ELECTRIC IND CO LTD5611 JEAN-LOUIS DUMAS-HERMES5051 FRANCE, GOVERNMENT OF5047 OMRON CORP CO3699 MATSUSHITA ELEC IND CO LTD3562 NTN CORP**** BOGAMIJ NV & DUTCH METALWORKERS PEN FUND**** JANIVO GROUP2046 ST LAWRENCE STARCH CO LTD4731 TNT LTD3545 TOSHIBA TUNGALOY CO LTD ET AL3559 JUKI CO LTD4731 YAMATO TRANSPORT CO LTD4731 REDERI AB3714 SANGO CO LTD3545 MATSUMOTO MACHINE CO LTD 3699 600 GROUP PLC3089 CHUO KAGAKU CO LTD3429 MITSUI MINING & SMELTING CO LTD3714 HONDA MOTOR CO LTD ET AL9611 JAPAN. GOVERNMENT OF2296 KOBE STEEL LTD ET AL3714 TOYOTA MOTOR CORP ET AL3355 ENSHU KEIGOKIN CO LTD3562 SKF AB6411 WASA INSURANCE HOLDING CO5065 OKAYA ELEC IND CO LTD3317 MITSUI & CO LTD ET AL3089 TSUCHIYA MFG CO LTD ET AL2022 R T HOLDING SA2752 NITTO DENKO CORP3721 BOMBARDIER FAMILY3546 FUJI SEIKO LTD ET AL3714 AKEBONO BRAKE INDUSTRY CO LTD3544 MITSUBISHI HEAVY IND LTO3714 NGK INSULATORS LTD ET AL3645 OIGAWA ELECTRIC CO LTD ET AL5251 TEZUKA KOSAN CO LTD4226 YOKKAICHI WAREHOUSE CO LTD3714 SUMITOMO METAL INDUSTRIES LTD3465 KATAYAMA KOGYO CO LTD3635 MATSUSHITA ELEC IND CO LTD3312 ACERINOX SA3357 SUMITOMO ELECTRIC INDUSTRIES CO LTD3714 MAZDA MOTOR CORP


JA JV 125.0AS AMSW AMNL AM 420.0UK AMJA AM 8.0FR OTFR AMJA AM 25.0JA OTJA OTNL AM 90.0NL OT 50.0CA NPAS OTJA NPJA AM 95.0JA JVSW OTJA PE 9.0JA JVUK AMJA NP 20.0JA PEJA PE 27.0JA OTJA NP 60.0JA NPJA NPSW AM 135.0SW AM 12.0JA OTJA NP 17.0JA NPBE AMJA AM 16.5CA AM 75.0JA OTJA PEJA PEJA PEJA NPJA AMJA JVJA NP 32.0JA NPJA JVSP JV 111.0JA JVJA NP

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TS US FIRM NAME

KY TEZUKA CORPKY VERMONT AMERICAN CORPKY WHIRLPOOL'S VACUUM CLEANER PLANTKY YAMAZAKI MAZAKLA AMOCO/JAPEX JOINT VENTURELA BASF CORPLA BRIDGE TERMINAL SERVICELA NYK LINE (NORTH AMERICA) INCLA OIL LEASESLA OIL LEASESLA OIL LEASESLA OIL LEASESLA PETROLEUM HELICOPTERS INCMA ABBOUD, JOSEPHMA BLACK & DECKER'S BOSTIK DIVMA BOT FINANCIAL CORPORATIONMA CAMEX INCMA CT SCANNER MANUFACTURING INCMA DAMON CORP'S ELECTRONICS DIVMA DEBUR CORPMA DUNKIN DONUTS INCMA EISAI RESEARCH INSTITUTEMA FOXBORO COMA HITACHIMA HOUGHTON MIFFLIN'S BUSINESS PUBLICATIONSMA HOWARD H SWEET & SONS INCMA IRIS GRAPHICS INCMA JAMES RIVER CORP’S PAPER MILLMA KING INSTRUMENT COMA NEW ENGLAND COMMERCIAL FINANCE CORPMA NORTON COMA RANDIX INDUSTRIESMA RILEY CONSOLIDATED INCMA SPRAGUE TECHNOLOGY'S SEMICONDUCTOR GROUPMA SYBELCO INCMA TRANS UBIQUITY CORPMA U N A CORPMA VULKOR INCMD ALEX BROWN INCMD AMERICAN BANK STATIONERY COMD BERETTA USA CORPMO BETCO BLOCK & PRODUCTS INCMD BLACK & DECKER'S FOOTWEAR MATLS BUSMD COMMERCE PLACEMD COX CREEK REFINING COMD INN AT PERRY CABIN, THEMD KONICA SUPPLIES MANUFACTURING INCMD LECLERC, E.MD MANEKIN CORPMD MID-ATLANTIC TOYOTA

LOCATION SIC FOREIGN INVESTOR

LEXINGTON 5013 TEZUKA KOSAN CO LTDLOUISVILLE 3425 ROBERT BOSCH INDUSTRIETREUHAND KGDANVILLE 3635 MATSUSHITA ELEC IND CO LTDFLORENCE 3577 YAMAZAKI MAZAK CORPGULF OF MEXICO 1311 JAPAN, GOVERNMENT OFGEISMAR 2879 BASF AGNEW ORLEANS 4491 MOLLER FAMILYNEW ORLEANS 4412 NIPPON YUSEN KKGULF OF MEXICO 1311 ROYAL DUTCH SHELL GROUPGULF OF MEXICO 1311 BRITISH PETROLEUM CO PLCGULF OF MEXICO 1311 JAPAN. GOVERNMENT OFGULF OF MEXICO 1311 ITALY, GOVERNMENT OFNEW ORLEANS 4522 BRIERLEY, RONALD A ET ALBOSTON 5611 GRUPPO GFT ET ALMIDDLETON 2891 FRANCE, GOVERNMENT OFBOSTON 6021 THE BANK OF TOKYO GROUPBOSTON 7373 BRONFMAN FAMILYCONCORD 3845 HITACHI MEDICAL COPR ET ALWEST WOOD 3679 SYSTEM .4 INTL BVCHELMSFORD 3541 SUMITOMO CORPRANDOLPH 5812 ALLIED-LYONS PLCBOSTON 8731 EISAI CO LTDFOXBORO 3823 SIEBE PLCBOSTON 3571 HITACHI LTDBOSTON 2731 MAXWELL, ROBERTATTLEBORO 3911 MITSUKOSHI LTD ET ALBEDFORD 3577 SCITEX GROUP LTDBOSTON 2621 TEMBEC INCWESTBORO 3651 OTARI ELECTRIC CO LTDBOSTON 6021 NATIONAL BANK OF CANADAWORCESTER 3291 FRANCE, GOVERNMENT OF

3699 STARLIGHT INTLWORCESTER 3433 DEUTSCHE BABCOCK AGWORCESTER 3674 SANKEN ELECTRIC CO LTD

3621 ORIENTAL MOTOR CO LTDBOSTON 4225 NATIONAL FREIGHT CONSORTIUM PLCREVERE 5051 OKURA & CO LTDLOWELL 3357 SHOWA ELECTRIC WIRE & CABLE CO LTDBALTIMORE 6531 KLEINWORT BENSON GROUPBALTIMORE 2759 MB GROUP PLCACCOKEEK 3484 FABRICA D’ARMI PIETRO BERETTA SPABETHESDA 3271 CRH PLCTOWSON 3021 UNITED MACHINERY GROUP LTDBALTIMORE **** KAJIMA CORPORATIONCURTIS BAY 3331 MITSUBISHI METAL CORPST MICHAEL 5812 ASHLEY, SIR BERNARDELKTON 3861 KONICA CORPGLEN BURNIE 5499 LECLERC, E.OWINGS MILLS 3613 PAR1S1ENNE D'ENTERPRISES ET DE PARTGLEN BURNIE 5012 TOYOTA MOTOR CORP

NA TY VALUE

JA OT

($ MILLION)

GE AM 223.4JA AMJA PE 60.0JA JV 15.0GE PE 83.5DA OTJA OTNL AMUK AM 15.1JA AMIT AM 5.5NZ AM 7.9IT JVFR AM 345.0JA OTCA AMJA NP 3.0UK AM 12.0JA AMUK AM 325.0JA OTUK AM 656.4JA OTUK AMJA AMIS AM 24.0CA AM 50.0JA AMCA AMFR AM 1,900.0HK AMGE AMJA AM 58.0JA AM 4.0UK AMJA AM 1.2JA AM 2.5UK JVUK AM 300.0IT PE 1.5El AMUK AM 125.0JA OT 45.0JA ElUK OT 6.0JA NPFR OT 10.0FR OTJA AM 20.0

124



TS US FIRM NAME

MO M. P. TECHNOLOGY COHD NYK (NORTH AMERICA) INCMD OTSUKA AMERICA INCMD STEILMANN EUROPEAN SELECTIONMD UNIVERSAL MARITIME SERVICES CORPMD WARTSILA DIESEL INCMD WOODFIN SUITESME TALBOTS INCME THORNDIKEMI ACCUSTAR/PHILIPSMI AMERICAN TAPE COMI BATTLE CREEK INTERNATIONAL GATEWAYMI COMAU PRODUCTIVITY SYSTEMS INCMI CROSS & TRECKER'S ROBERTS CORPMI DOUGLAS AUTOTECH CORPMI EATON TECHNOLOGIES INCMI HI-LEX CORPMI HOLNAM INCMI IMRA AMERICA INCMI JP INDUSTRIES INCMI KANTUS ENGINEERING CORP (KEC)MI KASAI KOGYO CO MI KAWASAKI MI KEELER MURAKAMI INCMI MAZDA RESEARCH & DEVELOPMENT NO. AMERICA MI MICHIGAN AUTOMOTIVE COMPRESSOR INC MI ORBITAL ENGINE CO USA INC MI SENTINEL STANDARD ET AL MI SMITHKLINE BEECHAM’S NO AMERICA HHOD/PDT Ml TG (USA) CORP MN CREST ENGINEERING CO LTD m m r r m a r imp

MN HERCULES’ PURE CULTURE PRODUCTS MN ICEM SYSTEMSMN MR DONUT FRANCHISING OPERATIONS MN SOO LINE CORPMO BUSINESS MEN'S ASSURANCE CO OF AMERICA MO DI GIORGIO CORP BILTBEST WINDOWS MO DIEMAKERS INCMO KANSAS CITY SOUTHERN’S MARTEC PHARM MO KAWASAKI MOTOR MFG (USA) CORP MO PEABODY HOLDING CO MO SOUTHWEST STEEL SUPPLY CO MS UNITED CEMENT CO NC AMERICAN TRUETZSCHLER NC BASF STRUCTURAL MATERIALS INC NC EASTMAN KODAK'S VERBATIM CORP NC FOXFIRE RESORT AND COUNTRY CLUB NC GAY & TAYLOR INC NC GEORGETOWN UNIMETAL SALES

LOCATION

BETHESDABALTIMOREROCKVILLECHEVY CHASEBALTIMORECHESTERTOWNROCKVILLESO PORTLANDUNITYFARMINGTON HLSMARYSVILLEBATTLE CREEKTROYLANSINGBRONSONANN ARBORLITCHFIELDDUNDEEANN ARBORANN ARBORDETROITLIVONIAFARMINGTONKENTWOODFLAT ROCKSANDSTONETECUMSEHIONIAROCKWOODPERRYVILLEMINNEAPOLISST PAULHUTCHINSONMINNEAPOLISMINNEAPOLISMINNEAPOLISKANSAS CITYSTE GENEVIEVEMONROE CITYKANSAS CITYMARYVILLEST LOUISST LOUISARTESIACHARLOTTEROCK HILLCHARLOTTEPINEHURSTWINSTON SALEHCHARLOTTE

SIC FOREIGN INVESTOR

7372 YASHIMOTO, MATSUO 4412 NIPPON YUSEN KK 5161 OTSUKA FAMILY 5621 STEILMANN, KLAUS 4491 MOLLER FAMILY 3519 WARTSILA AB OY 7011 HINOMARU HIRE LTD 5961 JUSCO CO LTD 2731 MAXWELL, ROBERT 3651 NV PHILIPS2672 STC INC4013 CANADA, GOVERNMENT OF3623 FIAT SPA3535 SINTOKOGIO LTD3714 FUJI SPINNING CO LTD3621 HAWKER SIDOELEY GROUP PLC3625 NIPPON CABLE SYSTEM INC3241 HOLDERBANK FINANCIERE GLARIS AG3714 TOYOTA MOTOR CORP3714 T & N PLC3714 NISSAN MOTOR CO LTD8732 NISSAN MOTOR CO LTD5084 KAWASAKI HEAVY IND LTD3231 MURAKAMI KAIMEIDO CO LTD3711 MAZDA MOTOR CORP3585 NIPPONDENSO CO LTD ET AL3714 ORBITAL ENGINE CO2711 BUCK. CONRAD2841 BENCKISER GMBH . JOH A.3714 MITSUI & CO LTD ET AL3559 JIDOSHA BUHIN KOGYO CO LTO2841 HENKEL KGAA2099 BURNS, PHILIP & CO LTO7373 GERMANY. GOVERNMENT OF 5812 ALLIED-LYONS PLC4011 CANADIAN PACIFIC LTD6311 GENERALI-ASSICURAZIONI GENERALI SPA2431 HANSON PLC3363 KANEMATSU CORP5122 MERCKLE GMBH CHEM-PHARM FABRIK3621 KAWASAKI HEAVY IND LTD1212 HANSON PLC5051 HANWA CO LTD3241 HOLDERBANK FINANCIERE GLARIS5084 TRUTZSCHLER GMBH & CO2865 BASF AG3573 MITSUBISHI CORP7011 RABEX JAPAN LTO6411 EUROPEAN INTERNATIONAL REINSURRANCE CO5051 FRANCE, GOVERNMENT OF


JA OTJA OTJA NP6E OTDA OTFI OTJA AM 23.4JA OTUK AM 5.2NL JVKS AM 60.0CA OTIT ElJA AM 9.0JA AM 2.5UK AM 63.8JA NPSZ ElJA NPUK AM 375.0JA NPJA OTJA OTJA JVJA NP 1.1JA NP 140.0AS NPCA AMGE AM 51.5JA PE 10.0JA AMGE AM 110.0AS AMGE JVUK AM 27.0CA El 95.0IT AM 285.0UK AMJA AM 28.0GE AMJA NP 200.0UK El 703.6JA AMSZ AM 60.0GE PEGE PE 50.0JA AM 200.0JA AM 3.5B8 AMFR JV

U1t



TS US FIRM NAME

NC HALE SYSTEMSNC HARDEE'S FOOD SYSTEMS INCNC HERITAGE USANC HOECHST CELANESE FIBER & FILMNC MATSUSHITA REFRIGERATION CONC MAX DAETWYLER CORPNC MCDEVITT & STREETNC MEGA PUMPSNC NGK CERAMICS USANC NYK LINE (NORTH AMERICA) INCNC PIONEER/ECLIPSE CORPNC SCHAEFER SYSTEM INTLNC STOLBERGER INCNC TALBOTS INCNC TEKMATEXNC WILTRON CONH ALLIED TELESISNH CARROLL REED'S WOMEN APPARELNH EDGCOMB CORPNH HENLEY GROUP INCNH TNT RED STAR EXPRESS INCNJ AARHUS INCNJ AIR & WATER TECHNOLOGICES CORPNJ ALLOY & STAINLESS INCNJ AMERICAN CYNAMID'S HOUSEHOLD PRDTSNJ ATLANTIC CONTAINER LINENJ BASF CANADA INCNJ C Y AGENCY INCNJ CANON USANJ CGM NORTH AMERICANJ CHO YANG LINES USA INCNJ CR BRADrS HEALTHCARE CENTERS INCNJ DYNEPCO INCNJ EMERSON RADIO CORPNJ EPITAXX INCNJ FERGUSON. THOMAS G. ASSOCIATESNJ GAF CORP S SPECIALTY CHEMICAL DIVNJ IKEANJ ISHIDA-TOYOTANJ ISOWA INDUSTRYNJ JOHNSON & JOHNSON S INFANT TOY DIVNJ K LINE AMERICA INCNJ KEYSTONE CAMERA PRODUCTS CORPNJ KREMENTZ'S MCTEIGUENJ LEPTON INCNJ MARTINDALE-HUBBELL INCNJ MEDIQ'S COPELCO FINANCIAL SERVICES GROUPNJ MITA COPYSTAR AMERICA INCNJ NEW SWEDEN TRADE CENTERNJ NTT DATA COMMUNICATIONS SYSTEMS CORP.

LOCATION SIC

CHARLOTTE 3535ROCKY MT 5812CHARLOTTE 7011CHARLOTTE 2824MOORESVILLE 3585CHARLOTTE 5084CHARLOTTE 1542CHARLOTTE 3586MOORESVILLE 5013CHARLOTTE 4412SPARTA 2842CHARLOTTE 3535CHARLOTTE 5084CHARLOTTE 5641CHARLOTTE 5084MORGAN HILL 3825PORTSMOUTH 5065CONWAY 5699NASHUA 5051HAMPTON 2819LONDONDERRY 4231PORT NEWARK 2079BRANCHBURG 3823MAHWAH 3312WAYNE 2841S PLAINFIELD 4412

3089CRANFORD 4729SO BRUNSWICK 3861MURRAY HILL 4412CRANFORD 4412MURRAY HILL 5912FLANDERS 3087NORTH BERGEN 3651PRINCETON 3825PARSIPPANY 7311WAYNE 2819ELIZABETH 5712PARSIPPANY 5046

5084NEW BRUNSWICK 3942MURRAY HILL 4412CLIFTON 3861NEWARK 3911MURRAY HILL 3559NEW PROVIDENCE 2741PENNSAUKEN 6341

3579TRENTON 5111JERSEY CITY 7373

FOREIGN INVESTOR

METSEC PLC BAT INDUSTRIES PLC MUI CORPORATION ET AL HOECHST AGMATSUSHITA ELEC IND CO LTDDAETWYLER HOLDING AGBOVIS CONSTRUCTION COMEGAPLAST DOSIERSYSTEME GMBHNGK SPARK PLUG CO LTDNIPPON YUSEN KKAMANO CORPFRITZ SCHAEFER GMBHSTOLBERGER GMBHJUSCO CO LTDMARUBENI CORPNIPPON ELECTRIC CO ET ALALLIED TELESIS KKSWIRE PACIFIC LTDFRANCE, GOVERNMENT OFABOUKHATER, TOUFICTNT LTDAARHUS OLIEFABRIK A/S FRANCE, GOVERNMENT OF FRANCE, GOVERNMENT OF HENKEL KGAA BILSPEDITION AB ET AL BASF AGCHO YANG SHIPPING CO CANON INCFRANCE, GOVERNMENT OF CHO YANG SHIPPING CO KOBAYASHI PHARMACEUTICAL CO DAICEL CHEMICAL IND LTD FIDENAS INVESTMENT LTD ET AL NIPPON SHEET GLASS CO LTD SORRELL, MARTIN FRANCE, GOVERNMENT OF KAMPRAD, INGVARISHIDA SCALES MFG CO LTD ET ALISOWA INDUSTRY CO LTDBERTELSMANN AGKAWASAKI KISEN KAISHA LTDMITSUBISHI CORPMITSUKOSHI LTD ET ALCANON INCREED INTERNATIONAL PLC C ITOH & CO.MITA INDUSTRIAL CO LTD AMER1KA NYA SVERIGE AB NIPPON TELEGRAPH & TELEPHONE CORP

NA TY VALUE

UK AM

($ MILLION)

3.0UK PEMY AM 16.5GE OTJA NP 120.0SZ OTUK AM 52.0GE OTJA PEJA OTJA AM 15.0GE OTGE OTJA OTJA OTJA AM 180.0JA OTHK AMFR AMLE AM 7.8AS OTDA NP 15.0FR AM 100.0FR AMGE AM 130.2SW OTGE NPKS OTJA NPFR OTKS OTJA AM 20.0JA PESZ AM 7.5JA AM 6.5UK AM 41.7FR AM 480.0SW OTJA OTJA OT 0.1GE AM 20.0JA OTJA AMJA AM 0.4JA AMUK AM 303.7JA AM 66.2JA PESW OTJA OT 100.0

12

6-



TS US FIRM NAME

NJ PANASONIC ADVANCED TV-VIDEO LABSNJ PRINCE HOLDINGS INCNJ PRUDENTIAL INSURANCE COMPANY OF AMERICANJ P&O CONTAINERS LTDNJ ROY ROGERS RESTAURANTSNJ SHERIDAN BOUTIQUENJ SONY ENGINEERING & MFG OF AMERICANJ STEILMANN EUROPEAN SELECTIONNJ SUBARU OF AMERICA INCNJ TAIYO OIL CONJ TERUMO CORPNJ TNT RED STAR EXPRESS INCNJ TOSHIBA AMERICA CONSUMER PRDTS INCNJ UJB FINANCIAL CORPNJ YATES INDUSTRIESNM EXSYS INCNV FREEPORT-MCMORAN GOLD CONV GARDENAMERICA CORPNV MINAMI TOWERNV SHOP AMERICA INCNY ADPLUS KETCHUMNY AGATHANY AIR FRANCE GROUPNY AMERICAN BRASS CONY AMERICAN HOME'S BOYLE-MIDWAY DIVNY AMERICAN PHOTONY ANDORRA OFFICE OF TOURISMNY ANN KLEIN CONY APOGEENY AVX CORPNY BABBIT & REIMANNY BANK OF K1NK1NY BEA ASSOCIATES INCNY BELVEDERE CORPNY B1F KOREANY BI-LINGUAL CORPNY BLACKSTONE GROUPNY BRIDGEFORD GROUP INCNY BRYAN, GONZALEZ/VARGAS, Y GONZALEZ BAZNY CARMELO POMODORO CONY CASWELL MASSEY CO LTDNY CELINE INCNY CHEV1GN0N NO AMERICANY CHLORIDE ELECTRO-NETWORKS DIVNY CITIBANK-ALBANY NY BRANCHESNY COMMONWEALTH INSURANCE CONY CORNER SITE FIFTH AVENUE AND 42ND STREETNY CORROON & BLACK CORPNY CP COMPANYNY CS FIRST BOSTON INC

LOCATION SIC FOREIGN INVESTOR NA TY VALUE ($ MILLION]

BURLINGTON 3663 MATSUSHITA ELEC IND CO LTD JA OT 7.0PRINCETON 3949 BENETTON FAMILY IT AM 220.0NEWARK 6311 ASAHI MUTUAL LIFE INSURANCE CO JA JVEAST RUTHERFORD 4412 P*0 STEAM NAVIGATION CO PLC UK OTHILLSIDE 5812 BAT INDUSTRIES PLC UK AM 365.0SHORT HILLS 5719 BRENMOSS GROUP HOLDINGS PTY LTD AS PEPARK RIDGE 3651 SONY CORP JA OTPRINCETON 5621 STEILMANN, KLAUS GE OTCHERRY HILL 5012 FUJI HEAVY INDUSTRIES LTD JA El 208.0JERSEY CITY 5541 TAIYO OIL CO LTD JA OTFRANKLIN TOWNSP 5047 TERUMO CORP JA OTBRUNSWICK 4231 TNT LTD AS OTWAYNE 3651 TOSHIBA CORP JA OTPRINCETON 6712 BANK OF MONTREAL CA AM 250.0BORDENTOWN 3497 FURUKAWA ELECTRIC CO LTD ET AL JA AM 175.0ALBUQUERQUE 5732 SUMITOMO CORP JA AMELKO 1041 OPPENHEIMER, HARRY F SO AM 705.0CARSON CITY 3432 JAMES HARDIE INDUSTRIES LTD AS AM 40.0LAS VEGAS **** NANGAKU, MASAO JA OT 90.0LAS VEGAS 5331 ITO YOKADO CO LTD JA AM 0.6NEW YORK 7311 ADPLUS KS JVNEW YORK 5632 QU1N10U SANDR1NE & MICHEL FR OTNEW YORK 4512 FRANCE. GOVERNMENT OF FR OTBUFFALO 3351 FINLAND, GOVERNMENT OF FI AM 200.0NEW YORK 2842 RECKITT & COLEMAN PLC UK AM 1,250.0NEW YORK 2721 LAGARDERE, JEAN-LUC & FILIPACCHI, DANIEL FR PE 4.0NEW YORK 9611 ANDORRA, GOVERNMENT OF AN OTMANHASSET 5621 TAKI TOMINO JA OT 1.0NEW YORK 5137 TOYO MENKA KAISHA LTD JA JVNEW YORK 3675 KYOCERA CORP JA AM 620.0NEW YORK 7311 GREENLESS, MICHAEL ET AL UK OTNEW YORK 6081 BANK OF KINKI JA OTNEW YORK 6282 CREDIT SUISSE SA SZ AMNEW YORK 6321 CHRISTIANA HOLDING CO NO JVNEW YORK 5713 BORNEO MERCHANTILE CO LTD KS OT 11.0MANHATTAN 8299 MINAMI, HIROKO JA OTNEW YORK 6211 BANQUE INDOSUEZ FR JVNEW YORK 6282 INDUSTRIAL BANK OF JAPAN JA OT 50.0NEW YORK 8111 BRYAN, GONZALEZ. ET AL MX OTNEW YORK 2335 TAKASHIMAYA CO LTD JA JVNEW YORK 2844 HSU, PETER HK AMNEW YORK 5611 ARNAULT FAMILY FR OTNEW YORK 5651 AZOULAY, GUY FR OTCALEDONIA 3612 CHLORIDE GROUP PLC UK PE 2.0ALBANY 6022 HONGKONGBANK GROUP HK AM 200.0NEW YORK 6331 FAIRFAX FINANCIAL HOLDINGS LTD CA AM 49.0NEW YORK **** TOUKU CO JA RE 30.5NEW YORK 6411 WILLIS FABER UK AM 778.0NEW YORK 5651 GRUPPO GFT ET AL IT OT 2.0NEW YORK 6211 CREOIT SUISSE SA SZ El 300.0

NJ>

I




NY DA1WA INVESTMENT ADVISERS NEW YORKNY DANZAS CORP NEW YORKNY DIOR, CHRISTIAN NEW YORKNY DRUG DELIVERY SYSTEMS INC NEW YORKNY EASTMAN KODAKfS PATHTEK DIV ROCHESTERNY EDEN BREWING CO EDENNY ELBA TOOL CO ELBANY ERMENEGILDO ZEGNA USA NEW YORKNY ESCADA USA NEW YORKNY ESSELTE BUSINESS SYSTEMS INC GARDEN CITYNY EXPOPIEL NEW YORKNY FBX CORP HAUPPAUGENY FERAUD, LOUIS NEW YORKNY FIRST COMMERCIAL BANK NEW YORKNY FNB ROCHESTER CORP ROCHESTERNY FOX-LOBER ASSOCIATES INC NEW YORKNY FUR VAULT'S RETAIL FUR GROUP NEW YORKNY GALERIES LAFAYETTE NEW YORKNY GEN SIGNAL'S DYNAPOWER/STRATOPOWER DIV WATERTOWNNY GENENCOR INTERNATIONAL INC ROCHESTERNY GENERAL SIGNAL'S NY AIR BRAKE WATERTOWNNY GFT USA INC NEW YORKNY GLEACHER MORGAN GRENFELL INC NEW YORKNY HAKUHODO ADVERTISING AMERICA NEW YORKNY HART ENVIRONMENTAL MANAGEMENT NEW YORKNY HENNINGSEN FOODS INC WHITE PLAINSNY HITEMP WIRES INC BOHEMIANY HMV MUSIC LTD NEW YORKNY HOGUET KELLER WITTMAN CO NEW YORKNY HONMURA-AN RESTAURANT NEW YORKNY IJ HOLDINGS CORP

IPCO'S WHALEDENT INTERNATIONAL DIVNEW YORK

NY NEW YORKNY ISS INTERNATIONAL SERVICE SYSTEMS INC NEW YORKNY JAEGER'S NEW YORKNY JOHNSTON INC NEW YORKNY K LINE INTERNATIONAL USA INC NEW YORKNY KAKEN USA CORP NEW YORKNY KAMYR VALVES INC GLENS FALLSNY KDO AMERICA INC NEW YORKNY KEIO HIGH SCHOOL PURCHASENY KOBAYASHI-DUPONT

KOLLMORGEN'S ADDITIVE PRDTS DIV KOLLMORGEN'S PCK TECHNOLOGY OIV

NEW YORKNY AQUEBOGUENY MELVILLENY KOSHINO,JUNKO NEW YORKNY LEPERCQ CAPITAL PARTNERS NEW YORKNY LIN BROADCASTING CORP NEW YORKNY MAJESTIC SHIPPING CORP NEW YORKNY MANOLO BLAHNIK BOUTIQUE NEW YORKNY MCINTOSH LABORATORY INC BINGHAMTONNY MITSUI MINING CO NEW YORK

FOREIGN INVESTOR NA TY VALUE ($ MILLION)

DAIWA INVESTMENT TRUST AND MANAGEMENT CO JA OTDANZAS AG SZ OTARNAULT FAMILY FR OTELAN CORP PLC El AMMITSUI PETROCHEMICAL INDS LTD JA AM 4.0EDEN SPRINGS BREWING CO CA NP 2.9AMADA CO LTD JA AMZEGNA FAMILY IT OTLEY, WOLFGANG & MARGARETHA ET AL GE OTESSELTE AB SW El 215.0FARRUTX SP OTSCANTRONIC HLDGS PLC UK AM 5.5FERAUD, LOUIS GE OTFIRST COMMERCIAL BANK TW OTCUKUROVA HOLDING AS GROUP TU AM 29.0GAGA COMMUNICATIONS INC JA AM 2.7JINDO CORP KS AM 15.0MEYER, GEORGE FAMILY FR OTKNORR-BREMSE AG GE AMCULTOR LTD FI JVKNORR-BREMSE AG GE AMGFT SPA IT OTDEUTSCHE BANK AG GE AM 25.0HAKUHODO INC JA PESANDOZ AG SZ AMQP CORP JA AM 12.0NEK CABLE A/S NO AMTHORN EMI PLC UK OTCREDITANSTALT-BANKVEREIN AU AMKOBARI FAMILY JA OT

100.0AB VOLVO SW AMGURIT-HERBERLEIN AG SZ AM 32.0INTERNATIONAL SERVICE SYSTEMS A/S DA El 15.6COATS VIYELLA PLC UK PETAKI, TOMINO JA OTKAWASAKI KISEN KAISHA LTD JA OTKAKEN PHARMACEUTICAL CO LTD JA OTA AHLSTROM OY FI AMKOKUSAI DENSHIN DEMWA CO JA OTKEIO UNIVERSITY JA OTKOBAYASHI PHARMACEUTICAL CO LTD JA OT

50.0AKZO NV NL AMHITACHI CHEMICALS CO LTD JA AM 12.0KOSHINO, JUNKO JA OTMITSUI TRUST & BANKING CO JA AM

395.2UNITED KINGDOM, GOVERNMENT OF UK ElHELLESPONT SHIPPING CORP UK AM 154.0BLAHNIK, MANOLO AR OT

30.0CLARION CO LTD JA AMMITSUI MINING CO LTD JA OT

SIC

62824731562151223674208235445611563227615661366956216022602178225632562135948731374356116211731187112015335757356211581237313843735956115641441251223494873282115199367936725621653148334412566136515199

-128-



TS US FIRM NAME

iIYYYlY

IHYNYHYNYNYNYNYIYY |Y IY

&

£ NY NY NY NY NY NY NY NY NY NY NY NY NY NY NY NY NY NY NY NY NY OH

NATIONAL, THE NATIONAL MICRONETICS INC NCC INDUSTRIES INC NEOTUNEW YORK & FOREIGN SECURITIES CORP NHK ENTERPRISES USA INC NIAGARA STONE CORP NICO BOCONISSAN CAPITAL OF AMERICA INCNORTANKERS INCNORTH RIVER MANUFACTURING CONORTHERN TELECOM INCOFFICE AND RETAIL TOWER - 546 FIFTH AVEOFFICE BUILDING - 55 WALL STPALIZZIO INCPERAFLEX HOSE INCPFIZER PIGMENTS INCPHILIPP BROTHERS* SUGAR BUSINESSPHIPPS PRESS INCPLACE DE ANTIQUARESPRESCOTT PAPER COREEVES COMMUNICATIONS CORPRESTAURANT ASSOCIATES INDUSTRIES INCROBESON INDUSTRIES CORPROYAL ZENITH INCSAITAMA BANK TRUST COSAKS FIFTH AVESANDY HILL CORPSCHWARZ, FAOSHEARSON LEHMAN HUTTON HOLDINGS INCSLACK TRANSPORT COSOAP OPERA DIGESTSOUND & IMAGESPAZIO ROMEO GIGLISPYTAKARA DESIGN OF NEW YORK TOMEN APPAREL GROUP INC TOYO SECURITIES CO TOYOTA MOTOR CORP U S RE CORP UMEDA RESTAURANT UNIVERSE BOOKS INC UNIVERSE GAS & OIL CO INC VALCO WOOD PRODUCTS CO WAKEFIELD ELECTRONICS WELLS, RICH, GREENE INC WORLD ENVIROTECH YVES SAINT LAURENT BOUTIQUE ZETEX INC ANDREW JERGENS CO

LOCATION SIC FOREIGN INVESTOR NA TY VALUE (J MILLION]

NEW YORK 2711 AZCARRAGA-HILHO, EMILIO MX JV 100.0KINGSTON 3679 TAE-IL MEDIA CO LTD KS AM 4.2CORTLAND 2342 SPIESSHOFER, GUENTHER GE ElNEW YORK 5712 STAUDENMEYER & PIERRE OALMAN FR OTNEW YORK 6282 FAHNESTOCK VINER HOLDINGS INC CA AMNEW YORK 7812 NHK ENTERPRISES CO LTD ET AL JA OTNIAGARA FALLS 1429 STEETLEY PLC UK AM 17.5NEW YORK 5651 NON-NO INTERNATIONAL GROUP KS OTNEW YORK 6159 NISSAN MOTOR CO LTD JA OTNEW YORK 4412 KLOSTER, KNUT U JR NO El 10.9WATERTOWN 2677 REICHMANN FAMILY CA PE 5.1VALHALLA 3661 BELL CANADA CA PENEW YORK **** SIR ROBERT McALPINE & SONS LTD,& LYNTON UK JV 50.0NEW YORK KAJIMA CORP JA AM 70.0NEW YORK 3144 FALCH1. CARLOS AR AMBUFFALO 3052 PERAFLEX HOSE INC CA OTNEW YORK 2816 HARRISONS & CROSFIELD PLC UK AM 65.0NEW YORK 2062 GRAND METROPOLITAN PLC UK AMFREEPORT 2752 SOBEY FAMILY CA AMNEW YORK 5632 DEMNER FAMILY AU OTOGDENSBURG 2674 PRESCOTT PAPER CO CA OTNEW YORK 7819 THAMES TELEVISION PLC UK AM 89.0NEW YORK 5812 KYOTARU CO LTD JA AM 105.0MINEOLA 3634 TANIFUJI MACHINE IND CO LTD ET AL JA AM 2.8GREAT NECK 5084 GERMANY, GOVERNMENT OF GE AM 100.0NEW YORK 6091 SAITAMA BANK LTD JA OT 3.0NEW YORK 5651 KIRDAR, NEMIR ET AL IZ PEHUDSON FALLS 3554 A AHLSTROM CORP FI AMNEW YORK 5942 NV K0N1NKLIJKE B1JENK0RF BEHEER NL AM 40.0NEW YORK 6211 NIPPON LIFE INSURANCE CO JA JVBUFFALO 4213 SLACK TRANSPORT CO CA OTNEW YORK 2721 NEWS CORP LTO, THE AS AM 37.6NEW YORK 2721 LAGARDERE, JEAN-LUC & FILIPACCHI, DANIEL FR OTNEW YORK 5632 ROMEO GIGLI SPAZIO ET AL IT OTNEW YORK 2721 SAATCHI,CHARLES UK AH 4.0NEW YORK 3944 TAKARA CO LTD JA NPNEW YORK 5136 TOYO MENKA KAISHA LTD JA OTNEW YORK 6211 TOYO SECURITIES CO JA OTNEW YORK 5012 TOYOTA MOTOR CORP JA OTNEW YORK 6321 GARTMORE INVESTMENT MANAGEMENT LTD UK AMNEW YORK 5812 UMEDA, AKIO JA JVNEW YORK 2731 RIZZOLI SPA IT AMNEW YORK 1311 JAPAN. GOVERNMENT OF JA AHMALONE 2511 VALCO FURNITURE LTD CA NP 5.0NEW YORK 5065 DIPLOMA PLC UK AH 24.2NEW YORK 7311 GROUPE BOULET DRU DUPUIS PETIT SA FR AMSULLIVAN 4953 KUBOTA LTD JA NP 5.0NEW YORK 5999 PIERRE BERGE/YVES SAINT LAURENT ET AL FR OTCOMHACK 3674 BOWATER PLC UK NPCINCINNATI 2844 KAO CORP JA PE 3.0

toKOI




OH AP TECHNOGLASS CO BELLEFONTAINEOH AZTEC COATING CO LEI PSICOH BP CHEMICALS AMERICA'S (BAREX DIV) LIMAOH CIN MILACRON'S IND ROBOT BUS CINCINNATIOH COPPERWELD CORP SHELBYOH CSC INDUSTRIES INC WARRENOH EMERY GROUP CINCINATTIOH FILTEC INC FINLAYOH G.S.W. MFG INC FINDLAYOH HENKEL CORP CINCINNATIOH HONDA R & D NORTH AMERICA MARYSVILLEOH HVC/DALY CINCINNATIOH K LINE AMERICA INC CINCINNATIOH LAMSON & SESSIONS CO CLEVELANDOH LNS AMERICA INC CINCINNATIOH LUCAS SUMITOMO BRAKES INC LEBANONOH MADISON'S INC COLUMBUSOH NATIONAL STEEL CORP'S STEEL SERV CENTER CINCINNATIOH NEW JOURNAL ET AL MANSFIELDOH NOVAR ELECTRONICS CORP BARBARTONOH ODAWARA AUTOMATION INC TIPP CITYOH OHIO KANPOH STEEL INC OBETZOH PHILIPS INDUSTRIES INC DAYTONOH PILLSBURY CO WELLSTONOH SKY REACH CORP PETERSBURGOH STANDARD SLAG CO ET AL YOUNGSTOWNOH THREE BOND CO CINCINNATIOH TLT-BABCOCK INC FAIRLAWNOH UNIROYAL GOODRICH TIRE CO AKRONOH VOLVO GM HEAVY TRUCK CORP ORRVILLEOH W S TECHNOLOGIES INC DAYTONOH WORTHINGTON INDUSTRIES INC'S VENTURE COLUMBUSOK ATOCHEM NORTH AMERICA INC PRYOROK BEST VIDEO INC OKLAHOMA CITYOR AMERICAN HONDA MOTOR CO PORTLANDOR AMTEK INC PORTLANDOR BROD & MCCLUNG PACE CO PORTLANDOR CODE-A-PHONE CORP

JAL’S CARGO FACILITYCLACKAMAS

OR PORTLANDOR LINCOLN CENTER TIGARDOR NYK LINE (NORTH AMERICA) INC PORTLANDOR SEAWOOD SHIPPING (USA) INC PORTLANDPA AIR PRODUCTS & CHEMICALS HOUDRY DIV ALLENTOWNPA AMP/AKZO HARRISBURGPA ARISTECH CHEMICAL CORP PITTSBURGHPA ATOCHEM NORTH AMERICA INC PHILADELPHIAPA BASF CORP MONACAPA BETHFORGE DIVISION VENTURE BETHLEHEMPA COPPERWELD CORP PITTSBURGHPA CUSTOM COMPOUNDING INC ASTON

FOREIGN INVESTOR NA TY VALUE ($ MILLION)

ASAHI GLASS CO LTD JA ElKOBE STEEL LTD JA JV 100.0UNITED KINGDOM, GOVERNMENT OF UK PE 30.0ASEA BROWN BOVERI AG SZ AMFRANCE, GOVERNMENT OF FR PE 32.6FRANCE, GOVERNMENT OF FR ElHENKEL KGAA GE PETOYO R0K1 MANUFACTURING CO LTD JA NPSHINSEI HARNESS INC JA NPHENKEL KGAA GE JV 65.0HONDA MOTOR CO LTD JA PE 27.0ELLIS & EVERARD PLC UK AMKAWASAKI KISEN KAISHA LTD JA OTBRIERLEY, RONALD ET AL NZ AMLNS SA SZ NP 1.5LUCAS INDUSTRIES PLC UK NPYANGTZEKIANG GARMENT MFG CO LTD HK AM 5.5SUMITOMO CORP JA AM 6.0THOMSON, KENNETH R CA AM 270.0RTZ CORP PLC UK AM 27.8ODAWARA ENGINEERING CO LTD JA NPKANPOH STEEL CO LTD ET AL JA NPHUTCHINGS, GREGORY UK AM 550.0GRAND METROPOLITAN PLC UK PEBRAMBLES INDUSTRIES LTD AS AM 12.0LAFARGE COPPEE SA FR AM 91.4THREE BOND CO LTD JA NP 1.4DEUTSCHE BABCOCK AG GE PEMICHELIN FAMILY FR AM 1,500.0AB VOLVO SW PESAKURAI LTD ET AL JA OTTHYSSEN AG GE JV

6.0FRANCE, GOVERNMENT OF FR NPSUPERCLUB NV BE AMHONDA MOTOR CO LTD JA OTASAHI DENKO KOGYO KK ET AL JA OT

62.0SHINKO KOGYO CO LTD JA AMTECHNOLOGY APPLIC. (THAILAND) LTD TH AMJAPAN AIRLINES CO LTD JA OT

67.0SEIYU INTERNATIONAL CORPORATION JA AMNIPPON YUSEN KK JA OTSEAWOOD SHIPPING (BC) LTD CA OTSUED CHEMIE GE AMAKZG NV NL JV

880.0MITSUBISHI CORP ET AL JA AMFRANCE, GOVERNMENT OF FR NPBASF AG GE PE 29.0FRANCE, GOVERNMENT OF FR JV

80.0FRANCE, GOVERNMENT OF FR ElHOECHST AG GE AM

SIC

321133122819354133173312282137143694284137115169441237145084371456215051271136693621505134422038755914422891356430113711508450512895784150125146343350654581****

4412441228693672282128192899331233133087

-130

-



TS US FIRM NAME LOCATION SIC FOREIGN INVESTOR NA TY VALUE

PA E W CURRY CO INC PITTSBURGH 5112 BUHRMANN-TETTERODE NV NL AM

($ million;

PA EASTERN PRESTRESSED CONCRETE SYSTEMS HATFIELD 3272 CRH PLC El AMPA ELECTRONIC TECHNOLOGY SYSTEMS INC NEW KESINGTON 3629 ITALY, GOVERNMENT OF IT AMPA ELKEM METALS CO ALEPPO 3313 ELKEM A/S NO NP 4.0PA FULLER CO BETHLEHEM 3535 FLS INDUSTRIES A/S DA AM 75.0PA GENERAL VIDEOTEX CORP HARRISBURG 7372 ASCII CORP JA AM 1.0PA HARRINGTON HOISTS INC MANHEIM 3536 KITO CORP JA AM 7.8PA J B LIPPINCOTT CO PHILADELPHIA 2731 WOLTERS KLUWER NV NL AM 115.8PA J&L SPECIALTY PRODUCTS CORP PITTSBURGH 3312 FRANCE, GOVERNMENT OF FR AM 570.0PA KANTO SEIKI CO LTD LEWISBURG 3714 KANTO SEIKI CO LTD JA NP 19.6PA KITO CORP LANCASTER 3536 KITO CORP JA OTPA KLEERDEX CO BRISTOL 2821 SEKISUI CHEMICAL CO LTD JA AM 19.5PA KUHLMAN CORP'S BLOW-MOLDED PLASTICS BRISTOL 3089 SOLVAY & CIE SA BE AM 45.0PA MACK TRUCKS INC ALLENTOWN 3711 FRANCE, GOVERNMENT OF FR El 103.0PA NATIONAL MINE SERVICE CO INDIANA 3532 CHARTER CONSOLIDATED PLC UK El 21.0PA NATIONAL STEEL CORP PITTSBURGH 3312 NKK CORP JA El 147.0PA NYK LINE (NORTH AMERICA) INC PHILADELPHIA 4412 NIPPON YUSEN KK JA OTPA ONE LIBERTY PLACE PHILADELPHIA **★* CHIYODA LIFE JA OTPA PANEL PRINTS INC OLD FORGE 2752 LAIRD GROUP PLC UK AM 36.8PA PREMIUM BEVERAGES INC WYOMISSING 2086 BRONFMAN FAMILY CA AMPA ROBERTSON-CECO CORP PITTSBURGH 3444 FRONTERA SA SZ El 40.0PA RORER GROUP INC FT WASHINGTON 2834 FRANCE, GOVERNMENT OF FR AM 1,700.0PA TECHALLOY INC RAHNS 3315 FRANCE, GOVERNMENT OF FR AMPA UNITED ENGINEERS BUILDING PHILADELPHIA **** SHUWA CORP JA AM 71.0PA WALL TO WALL SOUNDS & VIDEO RECORD STORE PHILADELPHIA 5731 SMITH WH GROUP PLC UK AM 23.0RI FOAMEX PRDTS INC E.PROVIDENCE 3086 GENERALE DE BELGIQUE SA STE BE AM 215.0RI SWAROVSKI JEWELRY US LTD CRANSTON 3231 SWAROVSKI DANIEL CORP SZ PESC ASSOCIATED FUEL PUMP SYSTEMS CORP ANDERSON 3714 NIPPONDENSO CO LTD ET AL JA NP 60.0SC BOBBIN ORGANIZATION COLUMBIA 7389 BLENHEIM EXHIBITIONS GROUP PLC UK AM 18.0SC HARDWICKE CHEMICAL CO ELGIN 2869 MTM PLC UK AM 112.0SC JAMES RIVER'S NONWOVER PRDTS DIV GREENVILLE 2297 HOLZSTOFF HOLDING AG SZ AM 175.0SC NEW HERITAGE USA FORT MILL 7996 MALAYSIAN UNITED INDUSTRIES BDH ET AL MY AMSC NITTA INTL INC MONCKS CORNER 5085 NITTA INDUSTRIES CORP JA OTSC NYK LINE (NORTH AMERICA) INC CHARLESTON 4412 NIPPON YUSEN KK JA OTSC OAK-MITSUI INC CAMDEN 3497 MITSUI MINING k SMELTING CO LTD JA NP 12.0SCSC

TEELON PACKAGING YAMATO USA LAKEMONT

30893559

KUREHA CHEMICAL IND CO YAMATO SEWfNG MACHINE MFG CO

JAJA

JVOT

TN ATC INC NASHVILLE 2821 UBE INDUSTRIES LTD ET AL JA NP 3.0TN CURB/CAPITOL NASHVILLE NASHVILLE 3652 THORN-EMI PLC UK JVTN CYCLIX COMMUNICATIONS CORP MEMPHIS 4813 FRANCE, GOVERNMENT OF FR AMTN D&A TECHNOLOGY INC MT PLEASANT 3211 ASAHI GLASS CO LTD JA JVTN HOOVER GROUP'S BALL PRDTS DIV ERWIN 3562 TSUBAKIMOTO PREC PRDTS CO LTD JA AM 64.6TN INDIAN SUMMER INC CROSSVILLE 2099 NAKANO VINEGAR CO LTD JA NPTN JOHNSON CONTROLS/TACHI-S CO VENTURE LEWISBURG 2531 TACHI-S CO LTD JA JVTN KANZAKI KOKYU MORRISTOWN 3594 YANMAR DIESEL ENGINE CO LTD JA NPTN LINCOLN-CROSS INC NASHVILLE 8742 WILLIS FABER PLC UK AMTN MATSUSHITA REFRIGERATION CO VONORE 3585 MATSUSHITA ELEC IND CO LTD JA NPTN MITSUBISHI HEAVY IND OF AMERICA HOPKINSVILLE 3541 MITSUBISHI HEAVY IND LTD JA NP 6.0TN NIPPONDENSO PLANTS (2) MARYVILLE 3625 NIPPON DENSO CO LTD JA NPTN NISSAN MOTOR CORP SMYRNA 3714 NISSAN MOTOR CO LTD JA PE 25.0



TS US FIRM NAME

TN NYK LINE (NORTH AMERICA) INC TN PILLSBURY CO TN PURODENSO CO TN SOFIX CORP TN TENNESSEE CHEMICAL CO TN TOSHIBA CORP TN TRIDON INCTX 1.5-ACRE TRACT, ROSS & FIELD STS TX ADVANCED MICRO DEVICESr PLANT TX AIM MANAGEMENT GROUP INC TX ALLIANZ FINANCIAL CENTRE TX ALLISON-MCDERMID INC TX ANTENNA ELECTRONICS COTX ARAN ENERGY CORPTX ARENA TOWER IITX ATLAS POWDER COTX AUCHAN INCTX BASF CORPTX BAYLOR TECHNOLOGYTX BENT TREE OAKS-FOUNTS-BROOK, & WINDSONGTX BG EXPLORATION AMERICA INCTX BHCTX BISHOP PIPELINE CORPTX BUNKER HILL OFFICE BUILDINGTX CITGO PETROLEUM CORPTX COLIN MEDICAL INSTRUMENTS CORPTX COMMERCIAL BLDG; 12603 SW FREEWAYTX CONTINENTAL AIRLINE HOLDINGS INCTX COURTAULDS PLCTX COURTS OF MUSEUMS GATETX CUSTOMS CHEMICAL DISTRIBUTORSTX DAILY RECORDTX DEE HOWARD COTX DEER PARK TERMINALTX DIANA DOLLS FASHIONSTX DIANAL AMERICA INCTX DUAL DRILLING COTX EDISTO RESOURCES CORPTX ENSR CORPTX FOREST COVE APARTMENTSTX FORMOSA PLASTICS CORPTX FRENCH VILLAGE APARTMENTSTX FRENCHMEN'S CREEK APARTMENTSTX GALAXY CABLEVISIGNrS CABLE SYSTEMTX GALPERTI MACHINE WORKSTX GLOBAL MARINE INCTX GREENWAY RENAISSANCE HOTELTX GSD & MTX GUCCI AMERICA INCTX HALF-BLOCK SITE, JACKSON & GRIFFIN STS

LOCATION SIC

MEMPHIS 4412MURFREESBORO 2038JACKSON 3714CHATTANOOGA 2865COPPERHILL 2819LEBANON 3663NASHVILLE 3714DALLASSAN ANTONIO 3674HOUSTON 6211DALLAS ★***

BROWNSVILLE 1389FT WORTH 3662HOUSTON 1311HOUSTON ****

DALLAS 2892HOUSTON 5331FREEPORT 2861SUGAR LAND 3443DALLAS ****■

HOUSTON 1311BISHOP 2834HOUSTON 4922HOUSTON ****

DALLAS 2911SAN ANTONIO 3841STAFFORD ****

HOUSTON 4512HOUSTON 5198HOUSTON ****

AMARILLO 5161SAN MARCOS 2711SAN ANTONIO 4581DEER PARK 4491WILLS POINT 2399HOUSTON 2821DALLAS 1381DALLAS 1311HOUSTON 8748HOUSTON ****

HOUSTON 2824HOUSTON ****

HOUSTON ★***

4841HOUSTON 3463HOUSTON 1381RICHARDSON 7011AUSTIN 7311DALLAS 5632DALLAS ****

FOREIGN INVESTOR

NIPPON YUSEN KK GRAND METROPOLITAN PLC NIPPONDENSO CO LTD YAMADA CHEMICAL CO ET AL TRELLEBORG AB TOSHIBA CORP TRIDON LTDMARBLE ENTERPRISE CORP SONY CORPNATIONALE-NEDERLANDEN N.V.KUO HOTEL CORPKEPPEL GROUP, THEALLGON ABARAN ENERGY PLCHONG KONG INVESTORSIMPERIAL CHEMICAL INDUSTRIES PLCMULLIEZ, GERARD FAMILYBASF AGROYAL BEGEMAN GROUPJAPANESE INVESTORSBRITISH GAS PLCHOECHST AG ET ALMETALLGESSELLSCHAFT AGNEWCASTLE ACQUISITION LTD PARTNERSHIPVENEZUELA, GOVERNMENT OFCOLIN MEDICAL INSTRUMENTS CORPGREEK INVESTMENT GROUPDENMARK, NORWAY, SWEDEN, GOVERNMENTS OFCOURTAULDS PLCPETER KURTS GROUPELLIS & EVERARD PLCBLACK, CONRADITALY, GOVERNMENT OFPAKHOED HOLDING NVDIANA DOLLS FASHIONSMITSUBISHI RAYON CO LTDMOSVALD SHIPPING A/SSCOTTISH AMICABLE INVEST MGRS LTD ET ALNUKEM GMBHVICTORIA REALTY COFORMOSA PLASTICS GROUPLEUNG, TAK-LEE AND LOING, G. ALOYSIUSFINNISH INVESTORSMOFFAT COMMUNICATIONS LTDGALPERTI MACHINE WORKS CORPNORSK VIKINGOLJEGGS INVESTMENT INCGREENLEES, MICHAEL ET ALGUCCI, MAURIZ1Q ET ALTERRA CORP


JA OTUK PEJA NP 17.0JA NP 35.0SW AMJA PECA NP 9.0TW REJA AM 55.0NL AMSN AM 60.0SN AM 6.0SW AMEl OTHK AM 20.0UK AM 193.0FR OTGE PE 52.5NL AMJA JV 17.8UK OTGE PEGE AMUK AMVE El 661.5JA NPGR AM 3.7DA El 106.0UK OTAS AMUK AMCA AMIT ElNL OTCA NPJA NP 20.0NO AM 170.0UK AM 4.2GE AM 125.0UK AM 6.5TW PECA AM 0.2FI AMCA AM 20.0IT NP 20.0NO El 7.2JA AMUK AM 48.5IT OTCA RE

U)NJI



TS US FIRM NAME

TX HARRIS GRAPHICS CORPTX HGP INDUSTRIESTX HIMONT INCTX HOECHST CELANESE CORPTX HUFFINGTON CORP'S PROPERTIESTX INN ON THE PARKTX INTEROX AMERICATX ISHIDA AEROSPACE RESEARCH CENTERTX JAPEX GULF OF MEXICO EXPLORATION INCTX JERRICO INC S FAZORI RESTAURANTSTX LA QUINTA MOTOR INNS INCTX MEGA DEVELOPMENT CORPTX MES ENGINEERING INCTX METIER MANAGEMENT SYSTEMS INCTX MIRAGE APARTMENTSTX MOBAY CORPTX MOTEL 6TX NEC BUSINESS COM SYSTEMS (CENT.) INCTX NYK LINE (NORTH AMERICA) INCTX NYK LINE (NORTH AMERICA) INCTX OAK LAWN OFFICE TOWERTX OB'S 50 BRIAR HOL’W (2), 1900 N LOOPTX OFFICE BUILDING, 1010 E. ARAPAHOTX OFFICE BUILDING - 15915 KATY FREEWAYTX OFFICE BUILDING-1212 MAINTX PARAGON FAMILY SERVICES INCTX PARK TOWERS NORTH & SOUTH - 921 MAINTX PARKER LAFARGE INCTX PINE FOREST APARTMENTSTX PRC TECHNOLOGIES INCTX READING & BATES CORPTX RECOGNITION EQUIP'S WAND PRDTS DIVTX REGENCY CENTERTX SEAGULL ENERGY CORP'S JOINT VENTURETX SHINTEC INCTX SOLVAY DEXTERTX SONTERRA GOLF & COUNTRY CLUBTX SOUTHWESTERN LABORATORIES INCTX STANDARD FRUIT & VEGETABLE CO INCTX STAR ENTERPRISETX STONEBRIDGE RANCHTX T S ALLOYSTX TAPATIO SPRINGS GOLF & COUNTRY CLUBTX TEXAS INSTRUMENTS' PHOTO MASK OPERTX THE CLARIDGETX TOOD SHIPYARD CORP'S FACILITYTX TOFINI, ELZATX TRITON ENERGY CORPTX UGl'S CARBON DIOXIDE PRODUCTS PLANTTX UNITED ALASKA FUELS CORP

LOCATION SIC FOREIGN INVESTOR NA TY VALUE(J MILLION)

KENNEDALE 3555 RHEINSCH-WESTFALISCHES ELEKDALLAS 3231 CRH PLCBAYPORT 2821 FERRUZZI GROUPBAY CITY 2869 HOECHST AGHOUSTON **** ROC, GOVERNMENT OFHOUSTON **** KUO INVESTMENTSDEERPARK 2819 SOLVAY & CIE, ET ALFT WORTH 3728 ISHIDA, TA1Z0HOUSTON 1311 JAPAN, GOVERNMENT OFLEXINGTON 5812 DUSKIN COSAN ANTONIO 7011 BRIERLEY, RONALD ET ALHOUSTON 6552 HUDSON BAY COHOUSTON 8711 MITSUI ENGINEERING & SHIPBUILDING COHOUSTON 7372 LUCAS INDUSTRIES PLCHOUSTON **** SUEBA CORPBAYTOWN 2821 BAYER AGDALLAS 7011 ACCOR SAHOUSTON 5065 NEC CORPDALLAS 4412 NIPPON YUSEN KKHOUSTON 4412 NIPPON YUSEN KKDALLAS **** GERMAN INVESTOR

(1) HOUSTON ★*** GREEK INVESTMENT GROUPRICHARDSON CANADIAN INVESTORHOUSTON **** 15915 KATY FREEWAY INC.HOUSTON **** ROGIA NVHOUSTON 7261 LOEWEN GROUPHOUSTON **** ROGIA NVHOUSTON 3241 LAFARGE COPPEE SAHOUSTON **** FINNISH INVESTORSDALLAS 1311 CASPEN PLCHOUSTON 1381 BLYSTAD, THOMAS ET ALIRVING 3577 SIEMENS AGHOUSTON **** GREEK INVESTMENT GROUPGULF OF MEXICO 1311 AHPOL EXPLORATION LTDFREEPORT 2821 SHIN-ETSU CHEMICAL CO LTDGRAND PRAIRIE 3081 SOLVAY & CIE SASAN ANTONIO 7997 HIGA, KIYONORI ET ALHOUSTON 8734 HUNTINGDON INTERNATIONAL H0LDIN6S PLCDALLAS 5148 NADIR.ASILPORT ARTHUR 2911 SAUDI ARABIA, GOVERNMENT OFMCKINNEY **** YUKIO KITANOHOUSTON 5051 BRITISH STEEL PLCBOERNE 7997 HIYA, KIYONORI ET ALDALLAS 3674 TOPPAN PRINTING CO LTDDALLAS **** PETER KURTS GROUPGALVESTON 4491 TATSUMI SHOKAI CO LTDDALLAS 5661 TOFINI, ELZADALLAS 1311 BRIERLEY, RONALD A ET ALBAYPORT 2813 HOECHST AGHOUSTON 4922 NOVA CORP OF ALBERTA ET AL

GE PE 3.0El AMIT NPGE NPTW RESN AM 40.0BE PEJA NPJA OTJA AMNZ OT 3.8CA ElJA NP 1.5UK AHGE AM 14.5GE PEFR AH 1,300.0JA OTJA OTJA OTGE JVGR AH 14.0CA AHGR AHBE AHCA AH 65.5BE AH 30.0FR AHFI AHUK AHNO AMGE AH 8.8GR AHAS JVJA PEBE JVJA AH 20.0UK AH 19.1UK AM 30.2SA PE 50.0JA AH 61.0UK AMJA AHJA AM 19.0AS AH 25.0JA AH 30.0BR OTNZ ElGE AHCA AM

133



TS US FIRM NAME

TX USAA REAL ESTATE EQUITIES INCTX VILLAGE OF FONDREN CONDOMINIUMSTX WANG'S INTECOM INCTX WATERFORD SQUARETX WESTERN CO OF NORTH AMERICATX WI1L0WBR00K I AND IITX WODDLAKE COUNTRY CLUBTX WOODS ON LA MONTE APARTMENTSUT ALBION INSTRUMENTSUT ESKAY CORPUT RAMAN TECHNOLOGY INCUT STANDARD OPTICAL EYEWORLD’S SELEC/LOCALEVA AIRBUS INDUSTRIES OF NO AMERICAVA ALFIT AMERICA INCVA CCCP/USSR REPORTVA THF^TflMAK POPPVA CRUISE INT'L’S HARBOR TOUR OPERATIONS VA DUTAILIER INC VA ESSROC CORPVA FENDIVA GOLDSCHMIDT CHEMICAL COVA HERMESVA HILLS BROS COFFEE COVA HOECHST CELANESE CORPVA HONEYWELL FEDERAL SYSTEMS INCVA KASEI VIRGINIA CORPVA KATO SPRING OF GEORGIA INCVA KAY JEWELERS INCVA MOLSON BREWERIES USA INCVA NISTEM CORPVA NYK LINE (NORTH AMERICA) INCVA POTOMAC ELECTRIC POWER CO FACILITYVA POWER PLANTVA SCOTTISH HERITABLE INCVA SOUTH TECH INCVA TALBOTS INCVA TIFFANY & COVA WAKO CHEMICALS USA INCVA WATERSIDE APARTMENTSVA WELLA CORPVT NEW ENGLAND FARMERVT SCHOELLER/ROTOFILWA AIRCO GASESWA BLACK DIAMOND COAL MINEWA HYOGO CULTURE & ECONOMIC CENTERWA KALAMA CHEMICAL INCWA LAFARGE CORPWA LONE STAR NORTHWEST INC.WA MCCAW CELLULAR COMMUNICATIONS INCWA N1CHIRE1

LOCATION

SAN ANTONIOHOUSTONALLENHOUSTONFORT WORTHHOUSTONSAN ANTONIOHOUSTONSALT LAKE CITYBOUNTIFULSALT LAKE CITYSALT LAKE CITYFAIRFAXCHESTERFIELDRESTONNORFOLKNORFOLKMARTINSVILLENEWPORT NEWSFAIRFAXHOPEWELLMCLEANSUFFOLKPORTSMOUTHVIENNACHESAPEAKERICHMONDALEXANDRIARESTONCHESAPEAKENORFOLKLOUDOUN COUNTYASHLANDFAIRFAXTAPPAHANNOCKRESTONFAIRFAXCHESTERFIELDCHESTERFIELD CYRICHMONDST JOHNSBURYNEWPORTVANCOUVERBLACK DIAMONDSEATTLESEATTLESEATTLESEATTLEKIRKLANDSEATTLE

SIC

6798****

3661

1389****

7997****

384150843841599950883499272150844489251132415651282156322095281950453674505151492082371444124911491132743089596159442833****

28992721513151691212961128653241327248122011

FOREIGN INVESTOR

DAI-TOKYO, YASHUDA, ET ALCHIN, GORDONFRANCE, GOVERNMENT OFPETER KURTS GROUPAKSJEFONDET NORFUND-PLUSSVICTOR Y RENED10SHIGA. KIYONORI ET ALFIDINAM INVESTMENT CONSULTING INC.BOC GROUP PLCDAIFUKU CO LTDBOC PLCGRAND METROPOLITAN PLCFRANCE, GOVERNMENT OF ET ALALFIT SCHUBLADEN-FUHRUNGEN GMBHUSSR, GOVERNMENT OFTOMAK-KIEVSODEXHO SADUTAILIER INCPOILET SA ET ALFENDI FAMILYGOLDSCHMIDT AGJEAN-LOUIS DUMAS-HERMESNESTLE SAHOECHST AGFRANCE, GOVERNMENT OFMITSUBISHI KASEI CORPKATO SPRING WORKS CO LTDRATNER GROUP PLCMOLSON COS LTDNISSHO CORPNIPPON YUSEN KKSIEMENS AGMITSUBISHI CORPSCOTTISH HERITABLE TRUST PLCCANON INC ET ALJUSCO CO LTDMITSUKOSHI LTD ET ALTAKEDA CHEMICAL INDUSTRIES LTDNISSEN DEVELOPMENTWELLA AGMARINYA MEDIA P/L SCHOELLER TEXTIL AG ET AL BOC GROUP PLC UNIDENTIFIED INVESTORS HYOGO PREFECTURAL GOVERNMENT B.C. SUGAR REFINERY LTD LAFARGE COPPEE SA ONODA CEMENT CO LTD UNITED KINGDOM, GOVERNMENT OF NICHIREI CORP

NA TY VALUE (S MILLION)

JA OT 67.5HK AM 1.5FR AM 26.0AS AM 5.5NO El 11.5SP AMJA AH 5.5SZ AH 10.0UK AH 22.0JA OTUK AH 1.5UK AHFR OTAU NP 3.2UR JVUR JVFR AHCA NP 1.3FR NPIT OTGE PE 8.5FR OTSZ PE 35.0GE PEFR AH 93.0JA NP 20.0JA OTUK AH 410.0CA OTJA NPJA OTGE JVJA NP 400.0UK OTJA NPJA OTJA OTJA PE 12.0JA JVGE PEAS AHSZ OTUK NP 1.5JA AM 7.0JA OTCA ElFR NPJA El 56.0UK AM 1,500.0JA OT

I


1990 FOREIGN DIRECT INVESTMENTS. COMPLETED. BY STATE

TS US FIRM NAME

WA NYK LINE (NORTH AMERICA) INCWA ORCABAY SEAFOODS INCWA PACIFIC FOREST PRODUCTS PARTNERSHIPWA PACIFIC INTERNATIONAL COMPUTING INCWA PACIFIC MEDIA GROUP INCWA PLUM CREEK REMANUFACTURING JOINT VENTUREWA QUANTUM MEDICAL SYSTEMS INCWA SAPPORO VINEYARDS USA INCWA TECHNICAL ARTS CORPWA UNITED TRUCK LINES INCWA WYCKOFF’S SNIPES VINEYARDSWI GENERAL CASUALTY COWI INGERSOLL EQUIPMENT CO INCWI MARATHON ENGINEERS/ARCHITECTS/PLANNERSWV SNOWSHOE SKI RESORTWV WHEELING-NISSHIN INCWY TENNECO SODA ASH JOINT VENTURE COWY TRITON COAL'S BUCKSKIN MINE

LOCATION SIC FOREIGN INVESTOR NA TY VALUE ($ MILLION)

SEATTLE 4412 NIPPON YUSEN KK JA OTSEATTLE 2092 TOKUSUI CO LTD JA AM 2.3TACOMA 5031 FRONVILLE HOMES CORP JA JVSEATTLE 7372 PACIFIC INTERNATIONAL COMPUTING LTD JA OTSEATTLE 2721 UNITED NEWSPAPERS PLC UK AM 25.0SPOKANE 2452 SUMITOMO CORP JA JV 1*5ISSAQUAH 3845 SIEMENS AG GE AMSEATTLE 2082 SAPPORO BREWERIES LTO ET AL JA JV 140.0REDMOND 3829 TOYO TIRE & RUBBER CO JA AMSPOKANE 4213 TNT LTD AS AMSEATTLE 0172 SAPPORO BREWERIES LTD JA AMSUN PRAIRIE 6331 WINTERTHUR SWISS INSURANCE CO SZ AM 630.0WINNECONNE 3524 GUTBROD-WERKE GESELLSCHAFT GE AMMENASHA 8712 JP-FINANCE OY FI AMSNOWSHOE 7011 SKI VENTURE INC JA AM 20.0FOLLANSBEE 3312 NKK CORP JA PE 45.4GREEN RIVER 1474 ASAHI GLASS CO LTD JA JV 100.0GILLETTE 1221 ROYAL DUTCH SHELL GROUP NL NP

I

U)cnI



APPENDIX D

DESCRIPTION OF KEY TERMS

SOURCE COUNTRY ABBREVIATIONS

STANDARD INDUSTRIAL CLASSIFICATION (SIC) REFERENCE TABLE

TABLE ABBREVIATIONS



-139-

DESCRIPTION OF KEY TERMS

Acfluisition - a transaction in which title to stock or assets of the U.S. entity is secured by another person or enterprise. The substantive result is that one party obtains ownership of another.

Agency - foreign financial intermediary operating in the United States primarily financing international transactions, but prohibited from accepting domestic deposits.

Branch - foreign financial intermediary (integral part of the foreign parent bank) which can accept domestic deposits.

.Development - realty investment that involves construction (as opposed to purchase).

Equity Increase - a gain in the percentage of equity securities held, or an equivalent gain in the percentage of ownership, by a foreign investor.

Foreign Direct Investment -- the direct or indirect ownership by a foreign entity of 10 percent or more of the voting securities of an incorporated business enterprise, or an equivalent interest in an unincorporated business enterprise, or a 10 percent or more interest in real property.

Joint Venture — a transaction in which two or more parties establish a new corporation to which each contributes, and in which ownership and control is shared.

Merger — a transaction which results in the dissolution of the acquired business enterprise, into either another already existing or into a reorganized (but not always renamed) company.

New Plant — a new operating facility, established either in conjunction with an existing foreign-owned productive enterprise or as a completely new venture.

Other — when used as a classification of investment type, this category includes, but is not limited to, new companies, headquarters, subsidiaries, branches, agencies, representative offices, stores, outlets, warehouses, and unidentified transactions.

Plant Expansion -- an addition to the production capacity of an existing foreign-owned operating facility.


-140-

Purcha.se - used herein to describe realty transactions, specifically the acquisition of real property.

Real Estate -- real property, excluding agricultural land and individual residential units for personal use.

Standard Industrial Classification (SIC) - categorizes U.S. industries in a numerical classification series, in accordance with the composition and structure of the domestic economy.

Subsidiary - separate legal entity either owned or controlled by foreign investors but permitted to do business in the United States under state and/or federal authority.

Transaction Value -- the reported total cost of the investment or the estimated proportion of the investment if a joint venture, regardless of the source or timing of funds.


-141-

SOURCE COUNTRY ABBREVIATIONS

Abbreviation .Cwntry

AN AndorraAR ArgentinaAS AustraliaAU AustriaBB BarbadosBE BelgiumBF BahamasBR BrazilCA CanadaCH ChinaDA DenmarkEl IrelandFI FinlandFR FranceGE Germany, F.R.HK Hong KongIS IsraelIT ItalyIZ IraqJA JapanKS Korea, Rep.LE LebanonMX MexicoMY MalaysiaNA Netherlands AntillesNL NetherlandsNO NorwayNZ New ZealandPM PanamaPO PortugalSA Saudi ArabiaSN SingaporeSO South AfricaSP SpainSW SwedenSZ SwitzerlandTH ThailandTU TurkeyTW China (Taiwan)UK United KingdomUN UnspecifiedUR Soviet UnionVE Venezuela


0102070809

10121314

151617

20212223242526272829303132333435

-14 2-

STANDARD INDUSTRIAL CLASSIFICATION (SIC)

REFERENCE TABLE

Description

Apiculture

Agricultural Production-Corps Agriculture Production-Livestock Agricultural Services ForestryFishing, Hunting and Trapping

Mining

Metal MiningCoal MiningOil and Gas ExtractionNonmetallic Minerals, exc. Fuel

Construction

General Building Contractors Heavy Construction Contractors Special Trade Contractors

Manufacturing

Food and Kindred ProductsTobacco ProductsTextile Mill ProductsApparel and Other Textile ProductsLumber and Wood Products, exc. FurnitureFurniture and FixturesPaper and Allied ProductsPrinting and PublishingChemicals and Allied ProductsPetroleum Refining and Related Coal IndustriesRubber and Misc. Plastics ProductsLeather and Leather ProductsStone, Clay, Glass, and Concrete ProductsPrimary Metal IndustriesFabricated Metal ProductsIndus, and Comm. Machinery & Computer Equip.


383940414243444546474849

5051

5253545556575859

60616263646567

-143-

S.I.C. Reference Table Continued

Description

Electronic and Electric Equipment Transportation Equipment Instruments and Related Products Miscellaneous Manufactures Railroad Transportation Local and Interurban Passenger Transit Trucking and Warehousing United States Postal Service Water Transportation Transportation by Air Pipelines, exc. Natural Gas Transportation Services CommunicationsElectric, Gas, and Sanitary Services

Wholesale Trade

Wholesale Trade-Durable Goods Wholesale Trade-Nondurable Goods

Retail Trade

Building Materials, Hardware, and Garden Supplies General Merchandise Stores Food StoresAutomotive Dealers and Service Stations Apparel and Accessory Stores Home Furniture and Furnishings Stores Eating and Drinking Places Miscellaneous Retail

Finance. Insurance, and Real Estate

Depository Institutions Nondepository Credit Institutions Security and Commodity Brokers Insurance CarriersInsurance Agents, Brokers, and Service Real EstateHolding and Other Investment Offices


-144-

S.I.C. Reference Table Continued

SIC Description

Services

70 Hotels and Other Lodging Places72 Personal Services73 Business Services75 Automotive Repair, Services, and Parking76 Miscellaneous Repair Services78 Motion Pictures79 Amusement and Recreation Services80 Health Services81 Legal Services82 Educational Services83 Social Services84 Museums, Botanical Gardens, etc.86 Membership Organizations87 Engineering, Accounting, Mgmt., and Related Svcs.88 Private Households89 Miscellaneous Services

Public Administration

91-97 Administration

Nonclassifiable Establishments

99 Nonclassified Establishments


-145-

TABLE ABBREVIATIONS

AM - Acquisition/Merger

El - Equity Increase

JV - Joint Venture

NA - Nationality

NP - New Plant

OT - Other

PE - Plant Expansion

RE - Real Estate

TS - Transaction Site

TY - Type of Investment

* U.S. G.P.O.:1992-311-890:60657


Documents

Foreign Direct Investment in the United States. Transactions...transactions, but includes a broader range of investment transactions than the BEA data-particularly with regard to plant