UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended December 31, 2002
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from to
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Commission file number 1-2516
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A. Full title of the plan and the address of the plan, if different
from that of issuer named below:
MONSANTO SAVINGS AND INVESTMENT PLAN
800 North Lindbergh Boulevard
St. Louis, Missouri 63167
B. Name of issuer of the securities held pursuant to the plan
and the address of its principal executive office:
MONSANTO COMPANY
800 North Lindbergh Boulevard
St. Louis, Missouri 63167
MONSANTO SAVINGS AND INVESTMENT PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
FOR THE PLAN YEAR ENDED DECEMBER 31, 2002
AND
INDEPENDENT AUDITORS' REPORT
MONSANTO SAVINGS AND INVESTMENT PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
TABLE OF CONTENTS
PAGE
Independent Auditors' Report 1
Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 2002 and 2001 2
Statement of Changes in Net Assets Available for Benefits for the
Plan Year Ended December 31, 2002 3
Notes to Financial Statements 4
Supplemental Schedules:
1. Assets Held for Investment as of December 31, 2002 12
2. Schedule of Assets Held for Investment Acquired and Disposed of Within the
Plan Year Ended December 31, 2002 36
3. Schedule of Reportable Transactions for the Plan Year Ended December 31, 2002 79
Supplemental Schedule 4 is omitted because of the absence of the
conditions under which it is required.
Signature 81
Exhibit Index 82
INDEPENDENT AUDITORS' REPORT
Monsanto Company Employee Benefits Plan Committee
We have audited the accompanying statements of net assets available for
benefits of the Monsanto Savings and Investment Plan (the "Plan") as of
December 31, 2002 and 2001, and the related statement of changes in net
assets available for benefits for the year ended December 31, 2002. These
financial statements are the responsibility of the Plan's management. Our
responsibility is to express an opinion on these financial statements based
on our audits.
We conducted our audits in accordance with auditing standards generally
accepted in the United States of America. These standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan as of December
31, 2002 and 2001, and the changes in net assets available for benefits for
the year ended December 31, 2002, in conformity with accounting principles
generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules listed in
the Table of Contents are presented for the purpose of additional analysis
and are not a required part of the basic financial statements but are
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement
Income Security Act of 1974. The supplemental information by fund in the
statements of net assets available for benefits and the statements of
changes in net assets available for benefits is presented for the purpose of
additional analysis rather than to present the net assets available for
benefits and changes in net assets available for benefits of the individual
funds. The supplemental schedules are the responsibility of the Plan's
management. Such supplemental schedules have been subjected to the auditing
procedures applied in our audits of the basic financial statements and, in
our opinion, are fairly stated in all material respects when considered in
relation to the basic financial statements taken as a whole.
/s/ DELOITTE & TOUCHE LLP
St. Louis, Missouri
June 19, 2003
MONSANTO SAVINGS AND INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2002 AND 2001
(DOLLARS IN THOUSANDS)
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2002 2001
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Contributions receivable:
Employee $ 1,192 $ 1,061
Employer 430 393
Investment receivables 1,366 --
Investment in the Pharmacia Corporation and Monsanto Company Defined
Contribution and Employee Stock Ownership Master Trust -- 1,479,057
Investments:
Cash and temporary investments 27,196 --
Mellon Daily Liquidity Stock Index Fund 64,909 --
Capital Guardian International Equity Fund 32,628 --
Debt securities including U.S. Government securities 33,616 --
Common stock--Pharmacia Corporation* 381,849 --
Common stock--Monsanto Company* 153,770 --
Common stock--Solutia Inc. 3,169 --
Common and preferred stock--other 245,261 --
Investment contracts 441,310 --
Loans to participants 15,407 --
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Total investments 1,399,115 1,479,057
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TOTAL ASSETS 1,402,103 1,480,551
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ESOP debt 30,347 37,699
Other liabilities 1,458 --
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TOTAL LIABILITIES 31,805 37,699
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NET ASSETS AVAILABLE FOR BENEFITS $1,370,298 $1,442,812
========== ==========
* Individual investment securities which represent 5 percent or more of net
assets available for benefits.
The above statements should be read in conjunction with the
accompanying Notes to Financial Statements.
-2-
MONSANTO SAVINGS AND INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2002
(DOLLARS IN THOUSANDS)
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2002
--------------
Contributions:
Employer $ 5,517
Employee 50,726
----------
56,243
Equity in Net Investment Loss of the Pharmacia Corporation and Monsanto Company
Defined Contribution and Employee Stock Ownership Master Trust (100,049)
Investment Income (Loss):
Interest 14,184
Dividends--Pharmacia Corporation 3,568
Dividends--Monsanto Company 949
Dividends--other 2,656
Net change in fair value of investments:
Common stock--Pharmacia Corporation 144,686
Common stock--Monsanto Company (34,947)
Common stock--other (34,231)
Mutual funds (13,401)
Debt securities (1,250)
Interest income on loans to participants 500
Interest expense on ESOP debt (2,043)
Rollovers and transfers in/(out)--net
Rollovers from other plans 8,174
Transfers out to other benefit plans (1,898)
Administrative expenses (3,195)
Withdrawals (112,460)
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NET DECREASE IN NET ASSETS AVAILABLE FOR BENEFITS (72,514)
NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR 1,442,812
----------
NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $1,370,298
==========
The above statements should be read in conjunction with the
accompanying Notes to Financial Statements.
-3-
MONSANTO SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2002
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1. INFORMATION REGARDING THE PLAN
GENERAL
-------
The following description of the Monsanto Savings and Investment Plan
(the "Plan") provides only general information. Participants should
refer to the Plan document for a more complete description of the
Plan's provisions.
The Plan was established as of June 11, 2001, as a successor to a
portion of the Pharmacia Corporation Savings and Investment Plan
("Pharmacia Plan") for the benefit of certain employees and former
employees ("Transferred Participants") of Monsanto Company ("Monsanto"
or the "Company"). Effective July 1, 2001, the assets of the Pharmacia
Plan that were allocated to the accounts of the Transferred
Participants were transferred to the trust established under the Plan.
Also effective July 1, 2001, a portion of the unallocated assets and
liabilities (primarily debt) of the leveraged employee stock ownership
plan ("ESOP") component of the Pharmacia Plan were transferred to the
Plan.
Effective July 1, 2001 through June 30, 2002, the assets of the trust
established under the Plan were collectively invested with the assets
of the Pharmacia Plan in the Pharmacia Corporation and Monsanto Company
Defined Contribution and Employee Stock Ownership Master Trust ("Master
Trust"). Effective as of July 1, 2002: (i) assets and liabilities from
the Master Trust representing the Pharmacia Plan's interest and
obligations in and under the Master Trust were transferred to the
Pharmacia Savings Plan Master Trust and the Pharmacia Savings Plan ESOP
Trust for Pharmacia Common Stock; and (ii) Monsanto and the trustee of
the Plan entered into the Monsanto Company Defined Contribution and
Employee Stock Ownership Master Trust Agreement which continued the
trust established pursuant to the Plan and also continued a trust to
hold assets under the Plan.
ADMINISTRATION
--------------
Monsanto is the sponsor of the Plan. The Monsanto Employee Benefits
Plans Committee is responsible for administering plan operations in
accordance with the Employee Retirement Income Security Act of 1974
("ERISA") plan documents. The Monsanto Pension and Savings Funds
Investment Committee is responsible for monitoring Plan investments.
The trustee of the Plan is The Northern Trust Company.
PARTICIPANT ACCOUNTS
--------------------
The Plan is a contributory defined contribution profit sharing plan
with individual accounts for each participant. Employees who have
attained age 18 are generally eligible to participate in the Plan as
soon as administratively possible. The cost of Plan administration is
borne partially by Plan participants and partially by Monsanto, as Plan
sponsor.
Each participant's account is credited with the participant's
contributions, Company contributions, and Plan earnings/(losses).
Participants' accounts are valued on a daily basis. The benefit to
which a participant is entitled is the benefit that can be provided
from the participant's vested account balance.
CONTRIBUTIONS AND VESTING
-------------------------
The Plan provides for voluntary employee contributions generally
ranging from 1 percent to 16 percent of an employee's eligible pay.
(See note 9 for information regarding the increase in contribution
limits subsequent to the fiscal year end.) Employees have an option to
make before-tax contributions or after-tax contributions. Subject to
Internal Revenue Service ("IRS") discrimination tests, contributions
may be all before-tax, all after-tax, or a combination of both.
Generally, employee contributions to the Plan may be invested in 1
percent increments and allocated in any combination to the following
investment fund types: a fixed income fund, a balanced fund consisting
of both fixed income and equity securities, a growth and income equity
fund, an international equity fund, a growth
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equity fund, and a U.S. equity index fund. Prior to August 14, 2002,
contributions could also be invested in the Pharmacia (Employee) Common
Stock Fund, which invested in Pharmacia Corporation common stock.
Beginning August 14, 2002, contributions could be invested in the
Monsanto (Employee) Common Stock Fund, which invests in Monsanto common
stock. See below for further discussion regarding the spinoff of
Monsanto by Pharmacia and the conversion of shares of Pharmacia
Corporation ("Pharmacia") common stock to shares of Monsanto common
stock. In addition, the plan includes four asset allocation funds which
allow participants varying degrees of risk and return, including (in
order of risk tolerance - least to greatest), the Conservative
Portfolio Fund, the Moderate Portfolio Fund, the Moderately Aggressive
Portfolio Fund, and the Aggressive Portfolio Fund. Investments in the
U.S. Equity Index Fund, the Balanced Fund, the Growth and Income Equity
Fund, the Growth Equity Fund, the Fixed Income Fund and the
International Equity Fund are used in predetermined mixes to form the
asset allocation funds. As a result of the spinoff in 1997 of Solutia
Inc., a former subsidiary of the former Monsanto Company, certain
Transferred Participants' accounts received common stock of Solutia.
This stock is maintained in the Solutia Non-Employer Stock Fund and no
contributions, either employee or employer, subsequent to the spinoff
can be made to this fund.
On August 13, 2002, Pharmacia completed a spinoff of Monsanto by
distributing its entire ownership interest via a tax-free dividend of
shares of Monsanto common stock to Pharmacia's shareowners. The shares
of Monsanto common stock received in respect of participant's accounts
were deposited in the Monsanto Common Stock Fund. Shares of Pharmacia
common stock then held in Participant's accounts were transferred to
the Pharmacia Non-Employer Stock Fund and no contributions, either
employee or employer, subsequent to the spinoff may be made to this
fund. The Pharmacia common stock continued to be held in the Pharmacia
Non-Employer Stock Fund until April 16, 2003, at which time they were
exchanged for shares of common stock of Pfizer Inc. ("Pfizer") as a
result of the acquisition of Pharmacia by Pfizer. This Pfizer stock is
currently maintained in the Pfizer Non-Employer Stock Fund and no
contributions, either employee or employer, can be made to this fund.
This Pfizer Non-Employer Stock fund shall be discontinued effective
December 30, 2005. (See note 9 for further details.)
Effective for paychecks received after September 1, 2002, the Monsanto
SIP was amended to allow eligible participants to make a before-tax
catch-up contribution election. Participants may be eligible to make a
catch-up contribution if they are at least age 50 on or before December
31 of the calendar year and either currently contributing at least 7%
of their eligible pay per pay period to SIP or had reached the IRS
annual limit on before-tax contributions ($11,000 in 2002). For 2002,
they could have elected a before-tax catch-up contribution of up to
$1,000. The catch-up contributions are not eligible for Company
matching contributions, and are subject to the same rules as other
before-tax contributions. The annual catch-up contribution limit may
increase in future years in accordance with limits prescribed by the
IRS.
The before-tax option allows participants to elect to make before-tax
contributions from gross pay before most income taxes are deducted. The
participants generally cannot withdraw before-tax contributions without
income tax penalties until age 59 1/2, retirement, disability, death or
termination of employment. After-tax contributions are made from
participants' pay after income taxes are deducted. Withdrawal of
after-tax employee contributions can be made with no penalty.
Participants may change the amounts of their contributions and transfer
their contributions among the investment options. Active participants
who are fully vested may elect to have all or a part of the employer
portion of their Monsanto (Employer) Common Stock Fund accounts sold
and the proceeds invested in other investment funds (except the
Non-employer Stock Funds).
LEVERAGED ESOP
--------------
Employee contributions to the Plan, up to a maximum of 7 percent of
eligible pay, generally are matched 60 percent by Monsanto. The Plan
also has a discretionary match employer contribution feature. In
December 2002, Monsanto made a discretionary performance contribution
of an additional 22.5 percent on the first 10 percent of eligible pay.
Company contributions and related earnings are invested solely in
Monsanto common stock. In part, this is accomplished through an ESOP
feature that was added to the Pharmacia Plan in October 1991 and has
been subsequently retained. A portion of the unallocated assets and
liabilities were transferred into the ESOP effective July 1, 2002.
Generally, Company contributions vest and become non-forfeitable at the
rate of 20 percent per year of service, such that Company contributions
are 100 percent vested after five years of service. Upon completing
five years of participation in the Plan, all Company matched amounts
may also be withdrawn from the Plan. A participant who has less than
five years of participation in the Plan or predecessor plan cannot
withdraw Company matching
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contributions received during the last 24 months or Company matching
contributions that are not vested. Company contributions immediately
vest upon a change of control of the Company.
In 1991, the ESOP component of the Pharmacia Plan issued $100 million
in amortizing notes and $100 million in amortizing debentures, both
guaranteed by Pharmacia, and borrowed $50 million from Pharmacia. In
January 1992, the proceeds from the borrowings were used to purchase
approximately 18.5 million shares of common stock from Pharmacia at the
average price of $13.40 per share. In 1996 and 1997, the ESOP component
of the Pharmacia Plan borrowed an additional $3.7 million and $4.3
million, respectively, from Pharmacia to make payments on existing ESOP
borrowings.
The Pharmacia Plan's ESOP debt was restructured effective as of July 1,
2001, in connection with the establishment and transfer of assets and
liabilities to the Plan. The Plan's ESOP component received a transfer
from the Pharmacia Plan's ESOP of 3,029,255 unallocated shares of
Pharmacia common stock. Immediately following the debt restructuring
and transfer, the Plan's ESOP debt consisted of two promissory notes
(the "Notes") to Monsanto, (i) one note payable in the principal amount
of $2.2 million, bearing interest at the rate of 7.00 percent per
annum, and having a maturity date of December 15, 2021 (the "7.00%
Note"), and (ii) the other note payable in the principal amount of
$40.6 million, bearing interest at the rate of 5.71 percent per annum,
and providing for semi-annual amortization of principal and a final
maturity date of December 15, 2006 (the "5.71% Note"). Following the
spinoff of Monsanto from Pharmacia on August 13, 2002, the unallocated
Pharmacia shares held by the Plan's ESOP component were gradually
converted to shares of Monsanto common stock through open market
transactions and through the exchange of Pharmacia stock for Monsanto
stock with certain Pharmacia employee benefit plans at market rates.
These Pharmacia shares are now fully converted. The unallocated shares
of Pharmacia common stock, which were converted to Monsanto shares as
described above, held by the Plan's ESOP component are released for
allocation to participant accounts in accordance with the terms of the
Plan as interest and principal on the Notes are paid. In 2002,
approximately 1,448,000 equivalent shares of Monsanto stock were
released for allocation to participant accounts. At December 31, 2002,
approximately 5,300,000 shares of Monsanto stock remained unallocated
with an approximate market value of $102 million.
The Plan obtains funds to repay the ESOP borrowings primarily through
Company contributions and dividends paid on Monsanto common stock
purchased with ESOP borrowings. As of December 31, 2002, the 5.71% Note
had an outstanding principal balance of $30,264 thousand and the 7.00%
Note (due in 2021) had an outstanding principal balance of $83
thousand. Interest on the Notes is payable semiannually on June 15 and
December 15. In 2002, Employer contributions included $2 million in
cash to meet the interest payments on the Notes. Scheduled maturities
on the 5.71% Note are $7,222 in 2003, $7,916 in 2004, $7,760 in 2005,
and $7,366 in 2006 (all in thousands).
PARTICIPANT LOANS
-----------------
Most Plan participants can obtain loans from their accounts. A
participant with a Plan account balance of over $2,000 may borrow up to
the legal limit of 50 percent of the total vested account balance
(including the value of the employer-contributed portion of the
Monsanto Common Stock Fund account), but not more than $50,000 minus
the excess of the participant's highest outstanding loan balance during
the last 12 months or 100 percent of his or her employee account value.
The minimum loan is $1,000, and the maximum number of outstanding loans
at any one time is two.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying financial statements of the Plan have been prepared on
the accrual basis of accounting.
Certain prior-year amounts have been reclassified to conform with the
current-year presentation.
In accordance with the American Institute of Certified Public
Accountants Audit and Accounting Guide, Audits of Employee Benefit
Plans, benefits payable to persons who have withdrawn from
participation in a defined contribution plan should be disclosed in
the footnotes to the financial statements rather than be recorded as a
liability of the plan. As of December 31, 2002, there were no such
benefits payable.
-6-
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent liabilities
at the date of the financial statements and reported amounts of
increases and decreases during the reporting period. Actual results
could differ from those estimates.
Fixed income fund investments in guaranteed investment contracts,
issued by insurance companies, are valued at contract value plus
accrued interest because these investments have fully
benefit-responsive features. Investments other than guaranteed
investment contracts are stated at fair values, which are generally
determined by quoted market prices. The value of outstanding
participant loans is determined based on the outstanding principal
balance as of the last day of the period, which approximates fair
value.
Purchases and sales of securities are recorded on a trade-date basis.
Dividend income is recorded on the ex-dividend date. Realized gains and
losses from security transactions are reported on the average cost
method. The Plan presents in the statement of changes in net assets
available for benefits, the net appreciation (depreciation) in the fair
value of its investments which consists of the realized gains and
losses and the unrealized appreciation (depreciation) on these
investments.
The Plan pays certain outside service provider expenses (e.g.
recordkeeping and trustee fees) incurred in the operation of the Plan.
Investment manager fees are paid by the Plan and are included in
Administrative Expenses. Certain other expenses are paid by Monsanto.
The Plan provides for various investment options in any combination of
stocks, mutual funds, common/collective trusts, and other investment
securities. Investment securities are exposed to various risks, such as
interest rate, market and credit risk. Due to the level of risk
associated with certain investment securities and the level of
uncertainty related to changes in the value of investment securities,
it is possible that changes in risks in the near term would materially
affect participants' account balances and the amounts reported in the
statement of net assets available for benefits and the statement of
changes in net assets available for benefits.
3. INFORMATION REGARDING THE MASTER TRUST
From the Plan's inception through July 1, 2002, the assets of the Plan
were collectively invested with the assets of the Pharmacia Corporation
Savings and Investment Plan in the Master Trust. Within the Master
Trust, each participating plan was entitled to an interest in the
Master Trust's net assets and net earnings. As of June 30, 2002, the
Plan's proportionate interests in the total net assets of the Master
Trust was approximately 51 percent. As discussed in note 1, effective
July 1, 2002, all assets and liabilities representing the Pharmacia
Plan's interest and obligations in and under the Master Trust were
transferred to a new Pharmacia plan. A trust continues to hold the
assets under the Plan.
The financial statements of the Master Trust were prepared on the
accrual basis of accounting. Fixed income fund investments in
guaranteed investment contracts, issued by insurance companies, were
valued at contract value plus accrued interest. Investments other than
guaranteed investment contracts are stated at fair values, which are
generally determined by quoted market prices. Purchases and sales of
securities were recorded on a trade-date basis. Realized gains and
losses from security transactions are reported on the average cost
method, net of applicable fees and commissions.
The following investment information regarding the Master Trust has
been certified by The Northern Trust Company, the trustee of the Master
Trust, as being complete and accurate.
-7-
(DOLLARS IN THOUSANDS)
PERIOD FROM JANUARY 1, 2002 TO
JULY 1, 2002
INVESTMENT INCOME (LOSS):
Interest $ 29,019
Dividends--Pharmacia Corporation 6,535
Dividends--other 5,765
Net change in fair value of investments:
Common stock--Pharmacia Corporation (106,568)
Common stock--other (98,589)
Mutual funds (30,835)
Debt securities 1,818
---------
Total net investment loss $(192,855)
=========
Fair values and related unrealized gains and losses are estimated using
appropriate valuation techniques based on information available as of
July 1, 2002. The fair value estimates are not necessarily indicative
of values the Master Trust could have realized in the current market.
For information regarding guaranteed investment contracts and
nonparticipant-directed investments held by the Master Trust, see notes
4 and 5 to these financial statements, respectively.
4. GUARANTEED INVESTMENT CONTRACTS
The Fixed Income Fund invests in synthetic guaranteed investment
contracts. Synthetic guaranteed investment contracts are comprised of
two components: an underlying portfolio of fixed income securities and
a benefit responsive contract. Benefit responsive contracts are issued
by financial services companies to allow participants' account balances
to reflect the contract value of the underlying fixed income
investments (principal plus interest) rather than the market value of
those investments. Upon proper notification to the financial service
provider, the benefit responsive agreement may be terminated. As of
June 1, 2002, the four individual benefit responsive contracts that
were in place on December 31, 2001 were terminated. A new, single
uniform contract (the "Global Wrap Benefit Responsive Contract") was
entered into with Commonwealth General Corporation, J.P. Morgan Chase
Bank and State Street Bank. No gain or loss was realized as a result of
the termination of the original four contracts.
The following summarizes the contract value of the synthetic guaranteed
investment contracts as of December 31, 2002 and 2001.
-8-
(DOLLARS IN THOUSANDS)
GUARANTEED INVESTMENT CONTRACT DECEMBER 31, 2002(1)
Commonwealth General Corporation $176,524
J.P. Morgan Chase Bank 132,393
State Street Bank 132,393
--------
Total $441,310
========
GUARANTEED INVESTMENT CONTRACT DECEMBER 31, 2001(2)
AIG Financial Products Group $199,946
Pacific Mutual Group Annuity 200,233
J.P. Morgan Chase Bank 199,130
AEGON # ADA00233TR 199,485
--------
Total $798,794
========
(1) December 31, 2002 balances represent the holdings of the Plan only.
(2) December 31, 2001 balances represent the holdings of the Master Trust.
See note 1 for further details.
The rate of return for the synthetic guaranteed investment contracts
generally fluctuates with the return on the underlying assets. The
six-month average yields for such contracts, net of all applicable
administrative and investment fees, for the periods from January 1,
2002 to June 30, 2002 and July 1, 2002 to December 31, 2002 were 2.90
percent and 2.87 percent, respectively. The six-month average yield for
such contracts for the period from July 1, 2001 to December 31, 2001
was 3.20 percent. Participant accounts are credited with an interest
rate which is determined quarterly by the issuers of the benefit
responsive contracts based on the investments in the underlying fixed
income portfolio. The annual interest rates as of December 31, 2002 and
2001 were 6.41 percent and 6.87 percent, respectively.
The Plan values these synthetic guaranteed investment contracts at
contract value plus accrued interest. The total estimated fair value of
the synthetic guaranteed investment contracts was $468 million and $824
million as of December 31, 2002 and 2001, respectively.
The above-mentioned synthetic guaranteed investment contracts,
Pharmacia common stock and Monsanto common stock represent the only
investments of the Plan which are individually greater than five
percent of the Plan's ending assets.
5. NONPARTICIPANT-DIRECTED INVESTMENTS
Except as noted below, all other funds in the Plan are participant
directed. The Plan's ESOP debt, and related principal and interest
payments are also nonparticipant-directed. Information about the net
assets and the significant components of the changes in net assets
relating to the nonparticipant-directed investment amounts in the Plan
(as of December 31, 2002 and for the period July 1, 2002 to December
31, 2002) and in the Master Trust (as of December 31, 2001 and for the
period January 1, 2002 to June 30, 2002) is outlined in the table
below. For periods prior to July 1, 2002, activity and balances
represent the activity and holdings of the Master Trust. The changes in
net assets for the period July 1, 2002 to December 31, 2002 includes
the results of the Pharmacia Common Stock Fund. As described in note 1
to these financial statements and footnote 3 to the table below, this
fund is now participant directed.
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(DOLLARS IN THOUSANDS)
-----------------------------------------------------------
NET ASSETS: AS OF DECEMBER 31, 2002(1) AS OF DECEMBER 31, 2001(2)
Cash and temporary investments $ 1,333 $ 14
Common stock--Pharmacia Corporation (3) -- 830,595
Common stock--Monsanto Company 144,286 --
-------- --------
Total Assets 145,619 830,609
Accrued Expenses -- 113
ESOP Debt 30,347 69,316
-------- --------
Total Liabilities 30,347 69,429
-------- --------
Net Assets $115,272 $761,180
======== ========
(DOLLARS IN THOUSANDS)
----------------------------------------------------------
PERIOD FROM JANUARY 1, 2002 PERIOD FROM JULY 1, 2002 TO
CHANGES IN NET ASSETS: TO JUNE 30, 2002(2) DECEMBER 31, 2002(1)
Contributions $ 4,790 $ 2,668
Interest 103 21
Dividends 6,535 4,318
Net appreciation/(depreciation) (94,548) 97,276
Benefit payments (27,950) (15,938)
Net asset transfers into new Pharmacia plan (251,628) --
Net asset transfers into Plan (383,520) --
Other transfers and other disbursements (14,962) 24,909
--------- --------
Changes in Net Assets $(761,180) $113,254
========= ========
(1) Activity and balances represent the activity and holdings of the Plan
only.
(2) Activity and balances represent activity and holdings of the Master
Trust. See note 1 for further details.
(3) Participant directed as of December 31, 2002. Fund was formerly
nonparticipant directed, but became participant directed in August 2002
as a result of Pharmacia's spinoff of its remaining interest in
Monsanto. See note 1 for further details.
6. INFORMATION REGARDING TAX STATUS
On August 26, 2002, Monsanto applied for a determination letter from
the IRS indicating that the Plan is qualified for federal income tax
purposes. That application is pending review by the IRS. Monsanto
believes that the plan is structured and being operated in compliance
with section 401(a) of the Internal Revenue Code and expects to receive
a favorable determination letter.
7. PRIORITIES UPON TERMINATION OF THE PLAN
If the Plan is terminated, all participants' account balances will be
fully vested and all participants would then be entitled to a full
distribution of their account balances as more fully described and set
forth in the Plan document.
8. PARTY-IN-INTEREST INVESTMENTS AND TRANSACTIONS
There were no nonexempt prohibited transactions with parties in
interest during the period from January 1, 2002 to December 31, 2002.
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9. SUBSEQUENT EVENTS
Effective January 1, 2003, Monsanto increased the percentage of
eligible pay employees may contribute to the Plan from 16 percent to
25 percent.
Effective as of April 16, 2003, Pharmacia was acquired by Pfizer Inc.
("Pfizer"). As a result of this acquisition, all of the shares of
common stock of Pharmacia held in the Pharmacia Non-Employer Stock Fund
were exchanged for shares of common stock of Pfizer, and the Pharmacia
Non-Employer Stock Fund was replaced by the Pfizer Non-Employer Stock
Fund. Until December 30, 2005, Plan participants may continue holding
portions of their accounts in the Pfizer Non-Employer Stock Fund or may
reallocate all or any part of such holdings to the Monsanto (Employee)
Stock Fund or the other investment funds (excluding the Monsanto
(Employer) and Solutia Stock Funds) and/or pre-mixed portfolios offered
under the Plan. The Pfizer Non-Employer Stock Fund shall be
discontinued effective as of the close of business on December 30,
2005. Any amounts remaining invested in the Pfizer Non-Employer Stock
Fund as of the close of business on December 30, 2005 will
automatically be transferred to the Plan default investment choice,
which is currently the Moderate Portfolio.
*****
-11-
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 1
------------------------------------------------------------------------------
ASSETS HELD FOR INVESTMENT AS OF
DECEMBER 31, 2002
-12-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Non-Interest Bearing Cash - USD
------------------------------------------------------------------------------------------------------------------------
USD - United States dollar -62,065.630 -62,065.630 -62,065.630
------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES -62,065.63 -62,065.63
------------------------------------------------------------------------------------------------------------------------
TOTAL NON-INTEREST BEARING CASH - USD -62,065.63 -62,065.63
Receivable Income - USD
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
INCOME FROM SECURITIES LENDING ACTIVITIES 7,000 0.000 0.000
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 0.00 0.00
------------------------------------------------------------------------------------------------------------------------
TOTAL RECEIVABLE INCOME - USD 0.00 0.00
Receivables - Other - USD
------------------------------------------------------------------------------------------------------------------------
Pending trade sales: United States dollar 0.000 488,722.280 488,722.280
------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES 488,722.28 488,722.28
------------------------------------------------------------------------------------------------------------------------
TOTAL RECEIVABLES - OTHER - USD 488,722.28 488,722.28
U.S. Government Securities
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
FHLMC GOLD E00228 6.5 07-01-2008 326,423.860 319,895.390 346,811.640
FHLMC GOLD E78398 6.5 07-01-2014 1,334,159.020 1,364,907.220 1,413,829.660
FHLMC GOLD GROUP E00400 7.5 10-01-2010 106,279.340 108,222.260 113,397.080
FHLMC GOLD G10449 7 02-01-2011 491,803.230 503,521.980 524,144.700
FHLMC GOLD G11206 6 01-01-2015 702,143.690 722,549.750 738,073.790
FHLMC GROUP #E00379 7.5 MTG PARTN CTF DUE 06-01-2010 REG 96,587.870 98,353.610 103,056.550
FHLMC GROUP #E00386 7.5 MTG PARTN CTF DUE 08-01-2010 REG 115,549.070 117,661.450 123,287.620
FHLMC GROUP #E20179 7.5 MTG PARTN CTF DUE 06-01-2010 REG 23,738.680 24,172.640 25,328.510
FHLMC MULTICLASS SER T-41 CL 2A 7 07-25-2032 1,135,435.280 1,179,433.400 1,275,804.600
FNMA POOL # 190791 6 DUE 02-01-2009 REG 424,231.230 426,418.670 448,890.940
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-13-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
U.S. Government Securities
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
FNMA POOL # 224484 7.5 DUE 06-01-2011 REG 387,307.620 401,152.430 411,268.020
FNMA POOL # 313224 7 DUE 12-01-2011 REG 484,986.700 499,990.970 517,104.940
FNMA POOL # 313543 6.983 DUE 06-01-2007 REG 265,030.870 266,780.490 295,080.070
FNMA POOL # 323165 6 DUE 06-01-2013 REG 90,201.540 94,218.330 94,779.360
FNMA POOL # 383308 6.26 DUE 03-01-2011 REG 162,136.970 162,514.530 182,152.900
FNMA POOL # 535755 6.507 DUE 03-01-2011 REG 801,787.500 827,845.600 900,257.030
FNMA POOL # 545962 5.5 DUE 12-01-2013 REG 1,793,503.560 1,858,938.420 1,875,125.910
FNMA POOL #50927 6.5 GTD MTG PASS THRU CTF DUE 11-01-2008 279,290.900 279,706.850 296,016.240
FNMA POOL #50973 6.0 GTD MTG PASS THRU CTF DUE 01-01-2009 539,783.200 533,674.990 571,159.720
FNMA PREASSIGN 00619 7 06-25-2042 416,903.910 439,117.070 454,329.790
FNMA PREASSIGN 00837 7.5 04-25-2029 484,637.510 497,209.470 502,149.890
FNMA 2001-T10 CL A1 PASS THRU 7 12-25-2031 515,378.710 537,717.100 552,743.670
SMALL BUS ADMIN GTD DEV PARTN CTF DEB SER 1997-20 I 6.9/ 214,316.590 218,890.100 241,622.240
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 1997-20 F 184,783.510 191,603.420 210,165.370
SMALL BUSINESS ADMIN GTD DEV PARTN CTF 6.1 DUE 07-01-2018 353,583.710 353,583.710 388,522.080
U.S. TREAS 5.875 NT DUE 11-15-2005 520,000.000 550,387.500 576,631.120
US TREAS NTS BD INFLATION INDEXED TIPS 3 DUE 07-15-2012 R 480,000.000 476,222.370 513,925.410
US TREAS NTS DTD 02/15/1995 7.5 DUE 02-15-2005 REG 590,000.000 644,950.840 661,583.520
US TREAS NTS DTD 08/16/1993 5.75 DUE 08-15-2003 REG 580,000.000 596,312.500 596,199.400
US TREAS NTS 5.875 DUE 11-15-2004 BEO 475,000.000 511,218.750 513,018.530
US TREAS NTS 6.25 15/2/2003 USD1000 6.25 DUE 02-15-2003 REG 1,600,000.000 1,623,250.000 1,609,500.800
US TREAS 7 NT DUE 07-15-2006 REG 220,000.000 244,750.000 255,071.080
VENDE MTG TR SER 2001-CL 2B 7 DUE 12-15-2022 REG 818,404.160 830,168.630 836,023.580
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 17,505,340.44 18,167,085.76
------------------------------------------------------------------------------------------------------------------------
TOTAL U.S. GOVERNMENT SECURITIES 17,505,340.44 18,167,085.76
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-14-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Debt Instruments - Preferred
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
BANKAMERICA CAP II SER 2 8 BD DUE 12-15-2026/06 BEO 340,000.000 358,846.200 384,018.100
BURL NORTHN SANTA FE RY CO PASS THRU TR SER 2000-1 8.251 D 369,803.550 369,803.550 466,115.190
CIT GROUP HOLDINGS 7.375 DUE 04-02-2007 BEO 200,000.000 207,050.000 218,041.800
CIT GROUP INC NEW SR NT 5.75 DUE 09-25-2007 350,000.000 349,804.770 362,556.950
CITICORP CAP I 7.933 DUE 02-15-2027/12-19-1 300,000.000 313,161.000 334,679.100
CMO AMERN AIRLS PASS THRU TR PASSTHRU CTF 2001-2 CL A-2 760,000.000 772,477.000 737,244.840
DEERE & CO GLOBAL NT 6.95 DUE 04-25-2014 BEO 220,000.000 219,782.200 259,184.640
DEERE JOHN CAP CORP NT DTD 03/22/2002 7 DUE 03-15-2012 BEO 75,000.000 74,613.890 86,956.950
HEWLETT PACKARD CO GLOBAL NT 5.5 DUE 07-01-2007/06-30-2 400,000.000 399,200.000 428,996.000
MAY DEPT STORES CO 7.875 DEB DUE 08-15-2036/16 520,000.000 559,239.200 575,217.240
MAY DEPT STORES CO 8.5 DUE 06-01-2019 BEO 185,000.000 192,031.850 221,687.910
UN PAC RR CO PASS THRU TR PASS THRU CTF SER 1999-A 7.6 DUE 876,061.670 876,061.670 1,058,186.130
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 4,692,071.33 5,132,884.85
------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE DEBT INSTRUMENTS - PREFERRED 4,692,071.33 5,132,884.85
Corporate Debt Instruments - Other
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AMERN HOME PRODS CORP NT 6.7 DUE 03-15-2011 BEO 370,000.000 369,352.500 412,346.500
AOL TIME WARNER INC DEB DTD 04/08/2002 7.7 DUE 05-01-2032 500,000.000 506,486.000 520,366.500
AT&T CORP USD SR NT 7.8 DUE 11-15-2011/11-14-2 450,000.000 423,862.110 491,852.700
AT&T CORP USD SR NT 8.5 DUE 11-15-2031/11-14-2 520,000.000 433,987.500 573,161.160
BK 1 CAP III 8.75 BDS 01/09/30 USD 8.75 DUE 09-01-2030/08- 260,000.000 259,259.000 327,122.640
CIGNA CORP SR NT 7 DUE 01-15-2011/01-14-2 315,000.000 313,651.800 326,152.890
DILLARD DEPT STORES INC 7.75 DEB DUE 05-15-2027 BEO 370,000.000 265,223.400 331,150.000
DISNEY WALT CO 7.55 DUE 07-15-2093/07-15-2 370,000.000 395,163.700 405,745.700
EASTMAN CHEM CO SR NT DTD 04/03/2002 7 DUE 04-15-2012 BEO 300,000.000 297,522.000 338,598.900
EOP OPER LTD PARTNERSHIP NT 8.375 DUE 03-15-2006 BEO 480,000.000 488,270.770 539,539.200
FORD MTR CR CO FORD MTR CR CO 7.25 DUE 10-25-2011 BEO 795,000.000 790,904.460 772,482.420
GEN MTR ACCEPT CORP 8.875 BD DUE 6-1-2010 REG (OPT) 740,000.000 876,655.800 817,850.960
HLTH NET INC SR NT 8.375 DUE 04-15-2011 BEO 335,000.000 333,807.400 386,250.980
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-15-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Debt Instruments - Other
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
LOCKHEED MARTIN CORP 7.65 CO GUARNT DUE 05-01-2016 295,000.000 316,328.500 364,451.850
PG&E NATL ENERGY GROUP INC SR NT 10.375 DUE 05-16-2011/05- 415,000.000 410,364.050 157,700.000
PVTPL OVERSEAS PVT INV CRP U S GVT GTD SER 1996 503-D TR 493,333.090 493,333.090 537,397.600
RAYTHEON CO NT 8.3 DUE 03-01-2010 BEO 260,000.000 284,427.000 309,047.180
RAYTHEON CO 6.75 DUE 08-15-2007 REG 490,000.000 494,473.700 543,345.320
SAFECO CORP 6.875 DUE 07-15-2007 REG 305,000.000 306,745.340 332,901.710
ST PAUL COS INC SR NT 8.125 DUE 04-15-2010/04-17-2 275,000.000 296,881.750 318,888.080
TIME WARNER ENTMT CO L P SR SUB DEB 8.375 DUE 07-15-20 160,000.000 179,220.800 181,174.240
TIME WARNER ENTMT CO L P 8.375 DUE 03-15-2023 REG 295,000.000 308,932.480 331,957.900
UNUMPROVIDENT CORP SR NT 7.625 DUE 03-01-2011 BEO 400,000.000 402,002.330 399,468.800
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 9,246,855.48 9,718,953.23
------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE DEBT INSTRUMENTS - OTHER 9,246,855.48 9,718,953.23
Corporate Stock - Preferred
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ADR NEWS CORP LTD SPONSORED ADR REPSTG PFD LTD 82,900.000 1,831,842.710 1,877,685.000
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 1,831,842.71 1,877,685.00
------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE STOCK - PREFERRED 1,831,842.71 1,877,685.00
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
REORG/PHILIP MORRIS NAME CHG TO ALTRIA GROUP INC 4,000.000 214,523.930 162,120.000
A C MOORE ARTS & CRAFTS INC COM 1,600.000 23,851.360 20,336.000
AAIPHARMA INC COM 2,500.000 40,874.220 35,050.000
AARON RENTS INC CL B 3,500.000 74,860.920 76,580.000
ABBOTT LAB COM 40,600.000 1,674,142.920 1,624,000.000
ABLE LAB INC COM NEW 2,000.000 16,409.300 23,200.000
ACCENTURE LTD BERMUDA CLS A COM 3,600.000 51,244.770 64,764.000
ACE LTD ORD STK USD0.0416 28,100.000 947,776.260 824,454.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-16-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ACTEL CORP COM 1,100.000 18,392.180 17,842.000
ACTION PERFORMANCE COS INC COM 700.000 13,826.400 13,300.000
ADAPTEC INC COM 7,000.000 45,982.760 39,550.000
ADR AKZO NOBEL N V SPONSORED ADR 33,700.000 1,354,326.830 1,074,693.000
ADR ASML HLDG ASML HLDG NV EUR0.02(NY REG) 15,100.000 240,900.690 126,236.000
ADR BP P L C FORMERLY BP AMOCO P L C TO 05/ SPONSORED ADR 5,100.000 211,283.850 207,315.000
ADR BUSINESS OBJECTS S A SPONSORED ADR 2,700.000 48,108.430 40,500.000
ADR FIAT S P A SPONSORED ADR REPSTG ORD NEW 72,300.000 982,376.510 574,785.000
ADR MATSUSHITA ELEC INDL LTD ADR 76,000.000 956,372.380 729,600.000
ADR NOKIA CORP SPONSORED ADR 173,300.000 4,043,295.040 2,686,150.000
ADR RIO TINTO PLC 13,500.000 760,228.570 1,073,655.000
ADR SAP AKTIENGESELLSCHAFT SPONSORED ADR 1,300.000 25,936.350 25,350.000
ADR SONY CORP AMER DEPY RCPT FOR DOLLAR-VALIDATED C 18,800.000 912,982.770 776,628.000
ADR STMICROELECTRONICS N V SHS-N Y REGISTRY 10,900.000 235,412.130 212,659.000
ADR SYNGENTA AG SPONSORED ADR 28,000.000 328,651.420 322,560.000
ADR TAIWAN SEMICONDUCTOR MFG CO LTD ISINUS8740391003 16,900.000 149,630.760 119,145.000
ADR TEVA PHARMACEUTICAL INDS LTD ADR ISIN #US8816242098 5,000.000 180,125.250 193,050.000
ADR TOTAL FINA ELF S A SPONSORED ADR 7,000.000 465,429.760 500,500.000
ADR UNILEVER N V NY SHS NEW 9,500.000 496,857.110 586,245.000
ADR 6 CONTINENTS PLC SPONSORED ADR 69,400.000 655,090.030 555,200.000
ADVANCED MARKETING SVCS INC COM 1,600.000 22,705.710 23,520.000
ADVANCEPCS CL A COM 2,500.000 62,333.120 55,525.000
AETNA INC 1,100.000 43,313.270 45,232.000
AFFILIATED COMPUTER SVCS INC CL A COM 1,450.000 55,122.820 76,342.500
AFFILIATED MANAGERS GROUP INC COM STK 2,000.000 131,467.450 100,600.000
AGCO CORP COM 3,050.000 65,589.950 67,405.000
AIR PROD & CHEM INC COM 5,200.000 220,527.500 222,300.000
ALCOA INC COM STK 61,900.000 1,414,061.740 1,410,082.000
ALEXION PHARMACEUTICALS INC 1,200.000 14,576.950 16,944.000
ALLIANCE DATA SYS CORP COM 6,000.000 82,829.050 106,320.000
ALLIANCE GAMING CORP COM NEW NEW 4,410.000 64,131.820 75,102.300
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-17-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ALLIANT TECHSYSTEMS INC COM 2,320.000 136,206.590 144,652.000
ALLSTATE CORP COM 5,500.000 217,459.140 203,445.000
ALLTEL CORP COM ISIN #US0200391037 4,500.000 223,218.000 229,500.000
ALTERA CORP COM 24,000.000 295,439.830 295,920.000
AMER ELEC PWR CO INC COM 22,900.000 797,780.370 625,857.000
AMER EXPRESS CO COM 17,000.000 676,161.350 600,950.000
AMER SVC GROUP INC COM 3,060.000 32,976.680 51,714.000
AMERADA HESS CORP COM 19,900.000 1,187,206.840 1,095,495.000
AMERISOURCEBERGEN CORP COM 8,300.000 560,234.710 450,773.000
AMERN INTL GROUP INC COM 74,362.000 5,304,719.770 4,301,841.700
AMERN ITALIAN PASTA CO CL A 1,500.000 55,612.350 53,970.000
AMERN STD COS INC DEL COM 700.000 49,365.410 49,798.000
AMGEN INC COM 67,800.000 3,382,665.470 3,277,452.000
AMSURG CORP COM 1,000.000 27,972.960 20,430.000
AMYLIN PHARMACEUTICALS INC COM 3,500.000 32,791,530 56,490.000
ANADARKO PETRO CORP COM 1,800.000 88,679.210 86,220.000
ANHEUSER BUSCH COS INC COM 27,400.000 1,286,046.270 1,326,160.000
ANTHEM INC COM 1,200.000 74,947.110 75,480.000
AOL TIME WARNER INC COM 55,300.000 1,551,591.250 724,430.000
APACHE CORP COM 6,940.000 352,063.970 395,510.600
APPLEBEES INTL INC COM 3,000.000 69,012.060 69,573.000
APPLIED MATERIALS INC COM 47,300.000 787,626.700 616,319.000
ARAMARK CORP CL B 2,600.000 57,745.410 61,100.000
ARCHER-DANIELS-MIDLAND CO COM 78,800.000 1,125,493.610 977,120.000
ASPEN TECH INC COM 3,400.000 9,192.090 9,622.000
AT&T CORP COM NEW 49,000.000 1,341,067.420 1,279,390.000
AT&T WIRELESS SVCS INC COM 65,800.000 285,940.200 371,770.000
ATHEROGENICS INC COM 3,000.000 19,724.500 22,230.000
AUTO DATA PROCESSING INC COM 10,800.000 494,811.730 423,900.000
AUTODESK INC COM 4,000.000 58,469.400 57,200.000
AUTOZONE INC COM 3,200.000 252,557.280 226,080.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-18-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
AVAYA INC COM 111,000.000 776,691.160 271,950.000
AVON PROD INC COM 10,600.000 567,636.440 571,022.000
AXCAN PHARMA INC COM STK 5,230.000 62,953.510 61,557.100
BAKER HUGHES INC COM 27,700.000 699,020.130 891,663.000
BANK N.Y. CO INC COM 24,800.000 780,956.350 594,208.000
BANK ONE CORP COM 65,300.000 2,241,921.060 2,386,715.000
BAUSCH & LOMB INC COM 6,800.000 270,044.680 244,800.000
BAXTER INTL INC COM 22,000.000 866,121.080 616,000.000
BCE INC COM STK 11,900.000 193,839.820 214,319.000
BEA SYS INC COM 2,400.000 15,724.870 27,528.000
BEARINGPOINT INC COM 26,400.000 230,027.990 182,160.000
BECTON DICKINSON & CO COM 23,200.000 690,583.190 712,008.000
BED BATH BEYOND INC COM 25,800.000 814,507.480 890,874.000
BELLSOUTH CORP COM STK 8,900.000 339,016.350 230,243.000
BENIHANA INC CL A 2,472.000 44,944.740 33,372.000
BISYS GROUP INC COM 4,300.000 78,344.990 68,370.000
BJ SVCS CO COM 15,300.000 471,880.250 494,343.000
BK AMER CORP COM 11,411.000 659,562.020 793,863.270
BK OF OZARKS INC COM 1,200.000 28,753.930 28,128.000
BLUE RHINO CORP COM 1,800.000 23,090.100 31,302.000
BOEING CO COM 15,500.000 509,865.750 511,345.000
BOISE CASCADE CORP COM 16,100.000 505,490.770 406,042.000
BRIGHT HORIZONS FAMILY SOLUTIONS INC COM 900.000 23,069.660 25,308.000
BRISTOL MYERS SQUIBB CO COM 45,500.000 1,368,456.630 1,053,325.000
BROADCOM CORP CL A 6,100.000 149,400.390 91,866.000
BROWN-FORMAN INC CL B NON-VTG COM 2,500.000 168,284.800 163,400.000
BSTN SCIENTIFIC CORP COM 4,800.000 188,419.810 204,096.000
BURL NORTHN SANTA FE CORP COM 17,400.000 435,722.060 452,574.000
BURL RES INC COM 2,400.000 98,472.000 102,360.000
CAL DIVE INTL INC COM 2,500.000 47,084.020 58,750.000
CAP 1 FNCL COM 26,600.000 917,871.270 790,552.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-19-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
CARDINAL HLTH INC 22,390.000 1,552,158.760 1,325,264.100
CAREER ED CORP COM 2,770.000 110,142.930 110,800.000
CAREMARK RX INC COM 34,800.000 553,944.710 565,500.000
CARNIVAL CORP COM 10,000.000 268,958.640 249,500.000
CATERPILLAR INC COM 18,900.000 883,955.980 864,108.000
CELADON GROUP INC COM 3,000.000 34,108.000 35,307.000
CELESTICA INC SUB VTG SHS 30,000.000 525,833.070 423,000.000
CELL GENESYS INC COM 2,500.000 31,798.460 27,877.500
CENDANT CORP COM STK 36,300.000 547,146.100 380,424.000
CEPHALON INC CON 400.000 21,099.850 19,467.200
CERNER CORP COM 900.000 33,619.630 28,134.000
CHAMPPS ENTMT INC DEL COM 3,700.000 39,104.990 35,187.000
CHARTER 1 FINCL INC COM 12,305.000 377,150.130 353,522.650
CHEESECAKE FACTORY INC COM 1,500.000 47,251.930 54,225.000
CHEVRONTEXACO CORP COM 33,400.000 2,700,449.610 2,220,432.000
CHUBB CORP COM 18,300.000 1,218,748.210 955,260.000
CIMA LABS INC COM 1,200.000 24,087.000 29,029.200
CISCO SYS INC COM 219,700.000 4,896,111.390 2,878,070.000
CIT GROUP INC NEW COM 54,900.000 1,196,678.500 1,076,040.000
CITIGROUP INC COM 127,433.000 4,617,487.700 4,484,367.270
CITY NATL CORP COM 1,100.000 48,753.110 48,389.000
CLEAR CHANNEL COMMUNICATIONS INC COM 7,100.000 284,898.830 264,759.000
COACH INC COM 1,200.000 30,387.120 39,504.000
COBIZ INC COM 1,100.000 17,440.960 16,335.000
COCA COLA CO COM 20,500.000 1,005,835.140 898,310.000
COCA COLA ENTERPRISES INC COM 8,400.000 187,568.160 182,448.000
COGNOS INC COM 4,400.000 103,733.190 103,180.000
COLGATE-PALMOLIVE CO COM 17,600.000 935,308.870 922,768.000
COLUMBIA BKG SYS INC COM 2,925.000 38,475.340 36,884.250
COM KROLL INC DEL 3,500.000 65,501.730 66,780.000
COMCAST CORP NEW CL A 93,257.000 2,394,057.780 2,198,067.490
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-20-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
COMCAST CORP NEW CL A SPL 83,000.000 2,241,407.470 1,874,970.000
COMERICA INC COM 13,000.000 609,262.020 562,120.000
COML CAP BANCORP INC COM 2,300.000 18,400.000 20,401.000
COMPUDYNE CORP COM STK PAR $0.75 2,570.000 39,738.380 16,165.300
COMPUTER NETWORK TECH CORP COM 3,300.000 23,928.070 23,430.000
COMPUTER SCI CORP COM 21,500.000 747,977.460 740,675.000
COMPUWARE CORP COM 95,000.000 718,548.300 456,000.000
COMSTOCK RES INC COM NEW 4,370.000 32,776.180 40,597.300
CONCEPTUS INC COM 800.000 13,540.570 9,584.000
CONCORD EFS INC COM 1,900.000 36,979.630 29,906.000
CONOCOPHILLIPS COM 47,900.000 2,543,677.940 2,317,881.000
COOPER COS INC COM NEW 1,800.000 51,213.890 45,036.000
CORNING INC COM 261,800.000 425,614.240 866,558.000
COST PLUS INC CAL COM 1,750.000 46,176.580 50,172,500
COSTCO WHSL CORP NEW COM 9,900.000 379,226.380 277,794.000
COX RADIO INC CL A 2,300.000 64,373.700 52,463.000
CUMULUS MEDIA INC CL A DEL 4,500.000 79,753.790 66,915.000
CVS CORP COM STK 11,700.000 313,495.810 292,149.000
CYMER INC COM 1,000.000 27,018.570 32,250.000
DANAHER CORP COM 12,100.000 751,364.420 794,970.000
DARDEN RESTAURANTS INC COM 11,200.000 237,811.280 229,040.000
DEAN FOODS CO NEW COM 1,900.000 68,896.830 70,490.000
DEL MONTE FOODS CO COM 0.120 1.130 0.920
DELL COMPUTER CORP COM 106,000.000 2,805,894.240 2,834,440.000
DELPHI CORP COM 139,600.000 1,533,684.620 1,123,780.000
DENDRITE INTL INC COM 3,200.000 17,602.840 23,904.000
DIAL CORP NEW COM 5,330.000 96,134.370 108,572.100
DIGITAL INSIGHT CORP COM STK 2,000.000 24,380.470 17,380.000
DILLARDS INC CL A COM 14,400.000 546,300.000 228,384.000
DIME CMNTY BANCORP INC COM 2,770.000 61,856.010 53,045.500
DOLLAR TREE STORES INC COM 2,100.000 60,355.320 51,597.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-21-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
DOMINION HOMES INC COM 800.000 17,011.920 11,400.000
DOMINION RES INC VA NEW COM 4,100.000 209,198.280 225,090.000
DONNELLEY R R & SONS CO COM 33,000.000 1,024,347.720 718,410.000
DOW CHEM CO COM 111,054.000 3,330,724.000 3,298,303.800
DREXLER TECH CORP COM 2,500.000 34,158.500 31,500.000
DRS TECHNOLOGIES INC COM 2,250.000 67,887.530 70,492.500
E W BANCORP INC COM 1,650.000 57,150.270 59,532.000
EASTMAN CHEM CO COM 11,600.000 604,023.340 426,532.000
EASTMAN KODAK CO COM 45,600.000 1,599,224.440 1,597,824.000
EATON CORP COM 3,500.000 284,199.290 273,385.000
EDO CORP COM 4,720.000 94,839.850 98,081.600
ELECTR ARTS COM 600.000 28,687.170 29,862.000
ELECTR DATA SYS CORP NEW COM 3,500.000 47,951.250 64,505.000
ELIZABETH ARDEN INC COM 2,000.000 23,223.140 29,600.000
EMBREX INC COM 2,500.000 29,747.270 27,820.000
EMCOR GROUP INC COM 900.000 49,564.770 47,709.000
EMERSON ELEC CO COM 4,700.000 253,715.800 238,995.000
EMS TECHNOLOGIES INC COM 1,000.000 18,067.960 15,611.000
EMULEX CORP COM NEW 1,700.000 27,880.550 31,535.000
ENGELHARD CORP COM 21,000.000 362,891.060 469,350.000
ENTERCOM COMMUNICATIONS CORP CL A 2,600.000 125,386.770 121,992.000
ENZON PHARMACEUTICALS INC COM 3,000.000 51,115.200 50,160.000
EOG RESOURCES INC COM 1,700.000 61,040.150 67,864.000
EUNIVERSE INC COM 4,200.000 17,953.850 23,856.000
EVERGREEN RES INC COM NO PAR 1,200.000 47,931.120 53,820.000
EXELON CORP COM 14,900.000 693,692.850 786,273.000
EXXON MOBIL CORP COM 17,916.000 678,533.340 625,985.040
F P L GROUP INC COM 3,800.000 231,617.360 228,494.000
FAIRCHILD SEMICONDUCTOR INTL INC CL A 3,500.000 48,809.350 37,485.000
FAIRMONT HOTELS RESORTS INC COM 2,200.000 58,912.440 51,810.000
FDRY NETWORKS INC COM 3,500.000 25,824.720 24,640.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-22-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
FEDEX CORP COM 31,200.000 1,154,378.130 1,691,664.000
FHLMC COM 38,500.000 2,315,958.110 2,273,425.000
FID NATL INFORMATION SOLUTIONS INC COM 3,300.000 36,464.720 56,925.000
FIRST DATA CORP COM 36,500.000 1,241,920.440 1,292,465.000
FIRSTENERGY CORP COM 7,700.000 262,189.490 253,869.000
FISERV INC COM 1,800.000 60,614.900 61,110.000
FLEETBOSTON FINL CORP COM STK 59,800.000 1,848,007.750 1,453,140.000
FLUOR CORP NEW COM 22,900.000 687,312.640 641,200.000
FMC TECHNOLOGIES INC COM 1,750.000 34,835.500 35,752.500
FNMA COM STK 36,500.000 2,690,009.790 2,348,045.000
FORD MTR CO DEL COM PAR $0.01 24,033.000 354,149.750 223,506.900
FOREST LAB INC COM 4,300.000 322,223.530 422,346.000
FREDS INC CL A 3,000.000 76,221.650 77,100.000
FRKLN RES INC COM 900.000 37,634.030 30,672.000
FRONTIER AIRLS INC NEW COM 2,800.000 18,236.840 18,928.000
GA PAC CORP 23,500.000 624,199.330 379,760.000
GANNETT INC COM 4,800.000 356,369.400 344,640.000
GAP INC COM 42,000.000 517,484.130 651,840.000
GEN ELEC CO COM 132,100.000 5,514,558.830 3,216,635.000
GEN MILLS INC COM 9,200.000 377,639.100 431,940.000
GENENTECH INC COM STK 7,900.000 361,284.120 261,964.000
GENERAL MOTORS CORP COMMON STOCK 14,200.000 667,412.930 523,412.000
GENUINE PARTS CO COM 45,700.000 1,304,154.080 1,407,560.000
GENZYME CORP COM 1,200.000 35,978.240 35,484.000
GILEAD SCI INC COM 800.000 26,435.730 27,200.000
GILLETTE CO COM 24,800.000 750,181.050 752,928.000
GLATFELTER 2,870.000 39,141.970 37,769.200
GLOBESPAN VIRATA INC COM 7,600.000 33,737.560 33,516.000
GOLD BANC CORP INC COM 6,000.000 62,099.850 59,526.000
GOLDEN W. FNCL CORP COM 24,300.000 1,009,757.930 1,744,983.000
GOLDMAN SACHS GROUP INC COM 15,700.000 1,319,972.480 1,069,170.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-23-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
GREY WOLF INC COM 16,800.000 55,540.800 67,032.000
GULF IS FABRICATION INC COM 2,200.000 32,663.760 35,750.000
GYMBOREE CORP COM 3,500.000 51,426.480 55,510.000
HANCOCK JOHN FINL SVCS INC COM ISIN US41014S1069 9,800.000 393,313.430 273,420.000
HANMI FINL CORP COM 1,100.000 19,304.750 18,447.000
HANOVER COMPRESSOR CO COM (HOLDING COMPANY) COM 41,900.000 470,661.820 384,642.000
HARLEY DAVIDSON INC COM 26,700.000 1,245,073.930 1,233,540.000
HARTFORD FINL SVCS GROUP INC COM 24,300.000 1,359,514.340 1,103,949.000
HCA INC COM 34,000.000 1,254,954.340 1,411,000.000
HEALTH NET INC COM 18,600.000 425,204.110 491,040.000
HEINZ H J CO COM 13,200.000 503,974.790 433,884.000
HERSHEY FOODS CORP COM 500.000 33,496.350 33,720.000
HEWLETT PACKARD CO COM 168,850.000 3,022,049.780 2,931,236.000
HIBBETT SPORTING GOODS INC COM 5,970.000 129,849.310 142,802.400
HILB ROGAL & HAMILTON CO COM 1,250.000 50,493.890 51,125.000
HILTON HOTELS CORP COM 4,400.000 54,196.610 55,924.000
HOME DEPOT INC COM 60,700.000 2,459,700.710 1,454,372.000
HONEYWELL INTL INC COM STK 11,300.000 435,404.790 271,200.000
HORIZON OFFSHORE INC COM 4,860.000 47,293.720 24,202.800
HSEHD INTL INC COM 13,600.000 445,569.470 378,216.000
ICOS CORP COM 2,250.000 55,780.020 52,672.500
IDEC PHARMACEUTICALS CORP COM 900.000 41,526.190 29,853.000
ILL TOOL WKS INC COM 7,800.000 541,606.060 505,908.000
IMATION CORP COM 1,750.000 54,232.780 61,390.000
IMPAC MED SYS INC COM 1,800.000 27,000.000 33,336.000
INSPIRE PHARMACEUTICALS INC COM 1,300.000 11,758.640 12,142.000
INTEGRATED CIRCUIT SYS INC COM NEW COM STK 3,300.000 74,891.820 60,225.000
INTEL CORP CAP 130,100.000 2,959,609.030 2,025,657.000
INTER TEL INC COM 1,200.000 29,032.570 25,092.000
INTERMUNE INC COM 900.000 30,657.600 22,959.000
INTERNET SEC SYS INC COM 2,500.000 57,374.810 45,825.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-24-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
INTERSIL CORP 1,600.000 43,529.870 22,304.000
INTL BUSINESS MACHS CORP COM 9,800.000 865,002.440 759,500.000
INTL FLAVORS & FRAGRANCES INC COM 5,800.000 196,988.410 203,580.000
INTL PAPER CO COM 46,017.000 1,749,932.450 1,609,214.490
INTUIT COM 900.000 41,978.390 42,228.000
INVESTORS FINL SVCS CORP DEL COM 700.000 20,693.000 19,173.000
INVISION TECHNOLOGIES INC COM 1,460.000 28,104.210 38,485.600
IVAX CORP COM 21,000.000 260,274.300 254,730.000
J P MORGAN CHASE & CO COM 60,560.000 1,982,552.400 1,453,440.000
JABIL CIRCUIT INC COM 9,600.000 177,033.080 172,032.000
JAKKS PAC INC COM 1,300.000 14,988.610 17,511.000
JEFFERSON-PILOT CORP COM 5,600.000 263,475.350 213,416.000
JETBLUE AWYS CORP COM 3,000.000 81,696.780 81,000.000
JOHNSON & JOHNSON COM 81,900.000 4,222,778.260 4,398,849.000
K.V PHARMACEUTICAL CL A 2,500.000 52,853.950 58,000.000
KELLOGG CO COM 10,900.000 374,785.240 373,543.000
KERR MCGEE CORP COM 6,500.000 419,717.050 287,950.000
KEYCORP NEW COM 22,500.000 534,856.190 565,650.000
KIMBERLY-CLARK CORP COM 6,800.000 366,047.140 322,796.000
KING PHARMACEUTICALS INC COM 1,300.000 40,589.750 22,347.000
KLA-TENCOR CORP 7,200.000 321,887.830 254,664.000
KNIGHT TRANSN INC COM 2,000.000 40,243.350 42,000.000
KOHLS CORP COM 70,400.000 3,234,326.900 3,938,880.000
KYPHON INC COM 4,060.000 53,776.040 34,672.400
LA JOLLA PHARMACEUTICAL CO COM 2,460.000 14,374.290 15,990.000
LABOR READY INC COM NEW 5,000.000 33,555.160 32,100.000
LAMAR ADVERTISING CO CL A COM 1,800.000 74,348.290 60,570.000
LATTICE SEMICONDUCTOR CORP COM 6,000.000 46,747.650 52,620.000
LAWSON SOFTWARE INC COM 7,100.000 31,622.090 40,825.000
LEHMAN BROS HLDGS INC COM 11,400.000 648,086.820 607,506.000
LIBERTY MEDIA CORP NEW COM SER A 68,969.000 994,245.560 616,582.860
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-25-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
LIFEPOINT HOSPS INC COM ISIN US53219L1098 1,540.000 60,255.430 46,093.740
LINENS N THINGS INC COM 2,500.000 65,082.620 56,500.000
LOCKHEED MARTIN CORP COM 16,800.000 1,067,280.260 970,200.000
LOEWS CORP COM 29,200.000 1,337,895.830 1,298,232.000
LOWES COS INC COM 23,700.000 1,007,447.710 888,750.000
LTD BRANDS 26,920.000 401,709.010 374,995.600
LUBRIZOL CORP COM 8,500.000 312,902.630 259,250.000
MACATAWA BK CORP COM 2,374.000 36,725.020 47,123.900
MACROMEDIA INC COM 4,200.000 46,173.400 44,730.000
MANPOWER INC WIS COM 600.000 24,701.510 19,140.000
MANTECH INTL CORP CL A 1,950.000 32,838.000 37,186.500
MARRIOTT INTL INC NEW COM STK CL A 12,300.000 489,658.570 404,301.000
MARSH & MC LENNAN CO'S INC 12,600.000 817,672.000 582,246.000
MASCO CORP COM 33,500.000 621,728.010 705,175.000
MATTEL INC COM 3,700.000 66,910.280 70,855.000
MAXIM INTEGRATED PRODS INC COM 26,200.000 1,055,464.250 865,648.000
MAXTOR CORP COM NEW 9,000.000 46,053.680 45,540.000
MAY DEPT STORES CO COM 57,700.000 1,477,809.120 1,325,946.000
MBIA INC COM 7,400.000 371,993.990 324,564.000
MBNA CORP COM 209,950.000 3,784,582.530 3,993,249.000
MC DONALDS CORP COM 97,391.000 2,272,752.820 1,566,047.280
MDU RES GROUP INC COM 2,550.000 64,492.900 65,815.500
MEDIMMUNE INC COM 8,800.000 333,065.990 239,096.000
MEDTRONIC INC COM 37,000.000 1,625,209.210 1,687,200.000
MELLON FINL CORP COM 18,600.000 548,168.810 485,646.000
MERCK & CO INC COM 11,800.000 676,101.000 667,998.000
MERCURY INTERACTIVE CORP COM 900.000 24,899.530 26,685.000
MERRILL LYNCH & CO INC COM 60,811.000 3,067,473.690 2,307,777.450
MICROCHIP TECH INC COM 2,400.000 50,190.390 58,680.000
MICROSOFT CORP COM 116,100.000 6,770,304.250 6,002,370.000
MOLEX INC CL A 1,200.000 26,859.200 23,868.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-26-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MONRO MUFFLER BRAKE INC COM 2,600.000 27,879.680 43,940.000
MONSANTO CO NEW COM 2,688,404.000 29,055,305.070 51,751,777.000
MORGAN STANLEY 21,600.000 963,972.190 862,272.000
MOTHERS WK INC COM 900.000 33,464.170 31,707.000
MTC TECHNOLOGIES INC COM 3,500.000 60,064.000 88,550.000
MULTIMEDIA GAMES INC COM 1,050.000 23,119.220 28,833.000
MYKROLIS CORP COM 1,600.000 9,801.130 11,680.000
NABORS INDUSTRIES COM USD0.10 1,900.000 64,963.360 67,013.000
NATCO GROUP INC CL A ISIN US63227W2035 5,000.000 48,409.580 31,400.000
NATIONAL-OILWELL INC COM 4,000.000 89,765.150 87,360.000
NAVIGATORS GROUP INC COM 1,000.000 24,430.880 22,950.000
NBTY INC COM 4,000.000 64,016.680 70,320.000
NCR CORP COM 24,000.000 675,207.930 569,760.000
NETSCREEN TECHNOLOGIES INC COM COM 4,200.000 67,083.910 70,728.000
NETWORK APPLIANCE INC DEL 6,800.000 110,741.530 68,000.000
NEW CENTY FINL CORP COM 2,600.000 50,332.100 66,014.000
NEW YORK TIMES CO CL A ISIN #US6501111073 9,600.000 413,678.950 439,008.000
NEWELL RUBBERMAID INC COM 12,000.000 332,475.140 363,960.000
NEXTEL PARTNERS INC CL A 6,000.000 43,486.540 36,420.000
NIKE INC CL B 6,600.000 301,884.150 293,502.000
NOBLE CORPORATION COM 6,800.000 258,330.480 239,020.000
NOBLE INTL LTD COM 2,000.000 21,540.000 15,600.000
NORDSTROM INC COM 41,000.000 943,687.950 777,770.000
NORTHRP GRUMMAN CORP COM NORTHROP GRUMMAN CORP (HLDG 4,700.000 457,018.640 455,900.000
NOVA CHEMICALS CORP COM 19,500.000 489,462.770 356,850.000
NOVAVAX INC COM 3,000.000 11,740.650 7,800.000
NOVELL INC COM 9,900.000 37,378.440 33,066.000
NOVELLUS SYS INC COM 9,000.000 347,596.150 252,720.000
OCCIDENTAL PETE CORP COM 56,000.000 1,492,240.660 1,593,200.000
ODYSSEY HEALTHCARE INC COM 2,490.000 62,873.530 86,403.000
OMNICOM GROUP INC COM 3,300.000 190,148.160 213,180.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-27-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
OMNOVA SOLUTIONS INC COM 5,840.000 41,360.270 23,535.200
ORACLE CORP COM 59,500.000 667,676.940 642,600.000
OSHKOSH TRUCK CORP COM 1,000.000 57,353.280 61,500.000
OSI PHARMACEUTICALS INC COM 2,200.000 33,337.260 36,080.000
OUTBACK STEAKHOUSE INC COM 1,200.000 43,919.610 41,328.000
P A M TRANSN SVCS INC COM 900.000 18,618.100 22,689.000
PACIFIC CAP BANCORP NEW COM 2,870.000 65,138.020 73,041.500
PACKETEER INC COM 3,100.000 12,882.000 21,266.000
PATTERSON-UTI ENERGY INC COM 3,800.000 94,328.280 114,646.000
PENFORD CORP COM 2,000.000 34,032.400 28,180.000
PEOPLESOFT INC COM 20,300.000 411,539.180 371,490.000
PEPSI BOTTLING GROUP INC COM STK ISIN US7134091005 29,200.000 774,767.880 750,440.000
PEPSICO INC COM 0.000 0.000 0.000
PER-SE TECHNOLOGIES INC COM NEW 2,870.000 27,092.010 25,741.030
PERFORMANCE FOOD GROUP CO COM 3,590.000 121,438.620 121,912.810
PERMA-FIX ENVIRONMENTAL SVCS INC COM 11,000.000 35,268.330 27,500.000
PEROT SYS CORP CDT-CL A COM STK 4,300.000 58,069.070 46,096.000
PETCO ANIMAL SUPPLIES INC COM NEW 2,550.000 52,217.860 59,769.450
PFIZER INC COM 195,100.000 6,787,851.240 5,964,207.000
PHARMACIA CORP COM 9,135,146.000 246,545,596.670 381,849,102.800
PITNEY BOWES INC COM 24,600.000 821,380.740 803,436.000
PLATINUM UNDERWRITERS HLDGS INC COM USD0.01 1,600.000 36,000.000 42,160.000
PNC FINANCIAL SERVICES GROUP COM STK 6,200.000 321,390.690 259,780.000
PORTFOLIO RECOVERY ASSOCS INC COM 1,700.000 22,100.000 31,026.700
PPL CORP COM ISIN US69351T1060 22,100.000 775,966.610 766,428.000
PROCTER & GAMBLE CO COM 15,000.000 1,260,848.510 1,289,100.000
PROGRESSIVE CORP OH COM 11,700.000 620,117.440 580,671.000
PROSPERITY BANCSHARES INC COM 1,800.000 30,134.380 34,200.000
PROTEIN DESIGN LABS INC COM 4,000.000 38,895.200 34,000.000
PUB SERVICE ENTERPRISE GROUP INC COM 7,900.000 277,033.620 253,590.000
QUALCOMM INC COM 8,000.000 313,824.050 291,120.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-28-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
QUEST DIAGNOSTICS INC COM 300.000 25,214.740 17,070.000
QUICKSILVER RES INC COM 600.000 10,869.300 13,458.000
RAILAMERICA INC COM STK USD0.001 11,610.000 114,858.950 83,243.700
RAYTHEON CO COM NEW 29,300.000 910,640.600 900,975.000
REDWOOD TR INC COM 2,630.000 69,258.850 72,851.000
REGENT COMMUNICATIONS INC DEL COM STK ISIN#US7588651098 7,470.000 50,772.090 44,147.700
RENAL CARE GROUP INC COM 5,000.000 160,092.270 158,200.000
RENT A CTR INC NEW COM 900.000 44,178.340 44,955.000
RESORTQUEST INTL INC COM 6,050.000 39,152.980 22,808.500
RITA MED SYS INC DEL COM ISIN US76774E1038 1,500.000 11,562.520 7,575.000
RLI CORP COM 900.000 22,725.000 25,110.000
ROCKWELL AUTOMATION 2,000.000 39,136.700 41,420.000
ROHM & HAAS CO COM 29,000.000 1,011,907.230 941,920.000
ROYAL DUTCH PETRO N.Y REGISTRY SH PAR N 1.25 GLDR 10,600.000 515,624.130 466,612.000
RPM INTL INC 4,920.000 71,458.950 75,177.600
RT MGMT CONSULTANTS INC COM 2,500.000 34,849.490 33,125.000
SAFENET INC COM 1,200.000 24,734.430 30,420.000
SAFEWAY INC COM NEW 20,200.000 788,738.160 471,872.000
SARA LEE CORP COM 37,300.000 770,206.620 839,623.000
SBC COMMUNICATIONS INC COM 31,051.000 1,098,857.070 841,792.610
SCHERING-PLOUGH CORP COM 112,500.000 3,206,365.810 2,497,500.000
SCHLUMBERGER LTD COM STK 15,500.000 973,717.870 652,395.000
SCHOLASTIC CORP COM 1,950.000 99,202.190 70,102.500
SCHOOL SPECIALTY INC WI COM 900.000 20,152.030 17,982.000
SCIOS INC COM 1,400.000 35,323.960 45,612.000
SCOTTISH ANNUITY & LIFE HLDGS SCOTTISH ANNUITY & LIFE HLD 1,300.000 17,726.700 22,685.000
SEARS ROEBUCK & CO COM 31,949.000 1,117,004.680 765,178.550
SENSYS TECHNOLOGIES INC COM 2,100.000 16,800.000 25,242.000
SERVICEMASTER CO COM 3,100.000 32,762.840 34,410.000
SFBC INTL INC COM 2,460.000 45,057.790 31,930.800
SHUFFLE MASTER INC COM 1,200.000 23,238.500 22,932.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-29-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
SKYWEST INC COM 3,800.000 63,924.290 49,666.000
SKYWORKS SOLUTIONS INC COM 6,000.000 39,747.240 51,720.000
SMITH INTL INC COM 1,500.000 43,632.480 48,930.000
SOLUTIA INC COM STK 873,076.000 16,985,925.320 3,169,265.880
SONIC AUTOMOTIVE INC CL A 3,000.000 44,856.780 44,610.000
SOUTHWESTN ENERGY CO COM 1,000.000 11,655.440 11,450.000
SPX CORP COM 1,400.000 83,872.260 52,430.000
ST JUDE MED INC COM 2,400.000 90,550.880 95,328.000
ST PAUL COS INC COM 30,100.000 1,157,408.200 1,024,905.000
ST STR CORP COM 3,100.000 133,861.230 120,900.000
STARBUCKS CORP COM 19,300.000 439,126.700 393,334.000
STARWOOD HOTELS & RESORTS WORLDWIDE INC PAIRED CTF 1 CL B 18,600.000 599,211.640 441,564.000
STERLING BANCSHARES INC COM 5,900.000 76,378.220 72,098.000
STORAGE TECH CORP COM (NEW) 24,700.000 401,779.440 529,074.000
STRATTEC SEC CORP COM 200.000 10,220.000 9,588.000
STRYKER CORP COM 300.000 14,854.690 20,136.000
SUMMIT BANCSHARES INC FT WORTH TEX COM 500.000 11,350.000 9,750.000
SUNGARD DATA SYS INC COM 1,300.000 31,088.700 30,628.000
SWIFT TRANSN INC COM 1,500.000 30,394.180 30,027.000
SYBASE INC COM 4,000.000 52,033.690 53,600.000
SYMANTEC CORP COM 4,400.000 150,030.110 178,244.000
SYPRIS SOLUTIONS INC COM 3,000.000 45,493.700 30,630.000
SYSCO CORP COM 9,600.000 268,492.410 285,984.000
T-HQ INC COM NEW 2,100.000 58,767.690 27,825.000
TAKE-TWO INTERACTIVE SOFTWARE INC CDT-COM 1,760.000 33,873.040 41,342.400
TARGET CORP COM 4,000.000 138,147.460 120,000.000
TARO PHARMACEUTICAL IND ORD ILS1 1,400.000 42,447.060 52,640.000
TCF FNCL CORP COM 1,300.000 58,488.960 56,797.000
TECH DATA CORP COM 4,200.000 145,822.500 113,232.000
TETRA TECHNOLOGIES INC DEL COM 2,360.000 32,341.460 50,433.200
TEXTRON INC COM 13,200.000 500,190.390 567,468.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-30-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
THERMO ELECTRON CORP COM 37,000.000 590,626.440 744,440.000
TIFFANY & CO COM 18,600.000 414,566.050 444,726.000
TITAN CORP COM 4,000.000 48,394.200 41,600.000
TJX COS INC COM NEW 1,800.000 31,050.060 35,136.000
TOO INC COM STK 2,650.000 71,094.110 62,328.000
TORCHMARK CORP COM 23,000.000 862,933.910 840,190.000
TRANSOCEAN INC 38,200.000 1,074,385.230 886,240.000
TRAVELERS PPTY CAS CORP NEW CL A 49,653.000 837,694.500 727,416.450
TRAVELERS PPTY CAS CORP NEW CL B 7,917.000 174,510.340 115,984.050
TRIAD HOSPS INC COM ISIN US89579K1097 2,300.000 72,351.130 68,609.000
TRIMERIS INC COM 800.000 34,925.360 34,472.000
TRITON PCS HLDGS INC CL A COM STK 5,000.000 15,173.780 19,650.000
TX INSTRS INC COM 68,600.000 1,528,714.480 1,029,686.000
TXU CORP COM 14,700.000 592,792.570 274,596.000
TYCO INTL LTD NEW COM 12,500.000 190,640.830 213,500.000
UCBH HLDGS INC COM 1,200.000 47,676.150 50,940.000
ULTRA PETE CORP COM NPV 7,790.000 66,784.240 77,121.000
UN PAC CORP COM 22,900.000 1,258,223.280 1,371,023.000
UNITEDHEALTH GROUP INC COM 26,300.000 1,775,855.830 2,196,050.000
UNIVISION COMMUNICATIONS INC CL A 15,100.000 474,217.780 369,950.000
UNOCAL CORP COM 45,100.000 1,575,421.340 1,379,158.000
UNOVA INC COM 11,100.000 188,006.250 66,600.000
UNUMPROVIDENT CORP COM 33,800.000 822,342.630 592,852.000
UNVL HEALTH SERVICES INC CL B COM 11,400.000 465,104.280 514,140.000
US BANCORP 25,873.000 465,456.430 549,025.060
USFREIGHTWAYS CORP COM 1,000.000 31,747.500 28,750.000
UTD NAT FOODS INC COM 3,750.000 77,396.470 95,062.500
UTD TECHNOLOGIES CORP COM 18,300.000 1,119,785.880 1,133,502.000
UTD THERAPEUTICS CORP DEL COM STK 1,100.000 13,908.510 18,370.000
UTI WORLDWIDE INC ORD NPV 1,800.000 41,410.000 47,250.000
UTSTARCOM INC COM 4,750.000 93,314.790 94,192.500
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-31-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
V F CORP COM 19,600.000 586,497.990 706,580.000
VARCO INTL INC DEL COM 4,000.000 67,693.070 69,600.000
VARIAN MED SYS INC COM ISIN #US9222091057 400.000 13,861.970 19,840.000
VCA ANTECH INC COM STK 5,030.000 51,803.580 75,450.000
VERIDIAN CORP COM 3,620.000 61,819.370 77,250.800
VERITAS SOFTWARE CORP COM 11,100.000 562,966.770 173,382.000
VERIZON COMMUNICATIONS COM 38,472.000 1,854,373.000 1,490,790.000
VERSICOR INC COM 1,100.000 12,543.020 11,869.000
VIACOM COM CL B 95,947.000 4,348,674.090 3,910,799.720
VIRAGE LOGIC CORP COM 2,200.000 26,947.640 22,066.000
VISTACARE INC CL A COM 2,000.000 24,000.000 32,020.000
WACHOVIA CORP 2ND NEW COM 66,600.000 2,103,182.980 2,426,904.000
WAL-MART STORES INC COM 91,500.000 4,813,859.960 4,621,665.000
WALGREEN CO COM 63,300.000 2,112,525.410 1,847,727.000
WASTE CONNECTIONS INC COM 2,700.000 69,791.820 104,247.000
WEATHERFORD INTL LTD 1,600.000 65,263.490 63,888.000
WEBSENSE INC COM STK ISIN#US9476841062 800.000 14,027.960 17,088.800
WELLPOINT HLTH NETWORKS INC CL A (NEW) DELAW EFF 8-4-97 6,200.000 269,847.910 441,192.000
WELLS FARGO & CO NEW COM STK 19,200.000 784,394.600 899,904.000
WERNER ENTERPRISES INC COM 1,600.000 36,166.880 34,448.000
WEYERHAEUSER CO COM 6,500.000 394,576.070 319,865.000
WHIRLPOOL CORP COM 18,200.000 961,538.760 950,404.000
WILLIAMS SONOMA INC COM 1,100.000 22,307.140 29,865.000
WILLIS GROUP HOLDINGS COM 2,800.000 84,275.120 80,276.000
WINTRUST FINL CORP COM 2,075.000 64,563.740 64,989.000
WOMEN 1ST HEALTHCARE INC COM 4,730.000 40,182.080 21,573.530
WRIGLEY WM JR CO CAP 3,200.000 165,990.540 175,616.000
WYETH COM 62,500.000 2,372,679.360 2,337,500.000
XEROX CORP COM 213,800.000 2,156,748.280 1,721,090.000
XL CAP LTD SHS A 8,200.000 648,004.420 633,450.000
XTO ENERGY INC COM 2,000.000 45,620.140 49,400.000
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-32-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Corporate Stock - Common
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ZIMMER HLDGS INC COM 6,000.000 231,793.550 249,120.000
ZORAN CORP COM 1,600.000 24,016.170 22,512.000
1ST ST BANCORPORATION COM 700.000 16,077.690 17,360.000
3M CO COM 10,700.000 1,202,946.080 1,319,310.000
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 560,030,298.57 677,985,284.65
------------------------------------------------------------------------------------------------------------------------
TOTAL CORPORATE STOCK - COMMON 560,030,298.57 677,985,284.65
Participant Loans
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MONSANTO PARTICIPANT LOANS 15,406,807.590 15,406,807.590 15,406,807.590
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 15,406,807.59 15,406,807.59
------------------------------------------------------------------------------------------------------------------------
TOTAL PARTICIPANT LOANS 15,406,807.59 15,406,807.59
Value of Interest in Common/Collective Trusts
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
COLTV STIF 13,222,235.130 13,222,235.130 13,222,235.130
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 13,222,235.13 13,222,235.13
------------------------------------------------------------------------------------------------------------------------
TOTAL VALUE OF INTEREST IN COMMON/COLLECTIVE TRUSTS 13,222,235.13 13,222,235.13
Value of Interest in Registered Investment Companies
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
MFO CAP GUARDIAN INTL NON-US EQTY (FUND 003-05) 3,430,924.720 39,455,760.430 32,628,094.090
MFO FFTW FDS INC U S SHORT-TERM PORTFOLIO 1,477,710.030 14,198,759.390 14,082,576.590
MFO MELLON BNK EB DAILY LIQUIDITY INDEX FD 346,400.140 82,634,954.120 64,909,497.440
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 136,289,473.94 111,620,168.12
------------------------------------------------------------------------------------------------------------------------
TOTAL VALUE OF INTEREST IN REGISTERED INVESTMENT COM 136,289,473.94 111,620,168.12
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-33-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
Security Description / Asset ID Shares/Par Value Historical Cost Current Value
------------------------------------------------------------------------------------------------------------------------
Other
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
ALEXANDRIA REAL ESTATE EQUITIES INC COM 1,200.000 49,864.680 51,120.000
CBL & ASSOC PPTYS INC COM 1,100.000 42,362.980 44,055.000
CHELSEA PROPERTY GROUP INC COM STK USD 0.01 1,500.000 50,505.300 49,965.000
EQTY INNS INC COM 3,280.000 25,846.310 19,745.600
EQTY OFFICE PPTYS TR REIT 46,200.000 1,253,546.400 1,154,076.000
EQTY RESDNTL EFF 5/15/02 29,400.000 682,404.010 722,652.000
GIC AEGON GLOBAL WRAP CNTRCT 441,309,519.930 441,309,519.930 441,309,519.930
INTER AMERN DEV BK 7.125 DUE 03-15-2002 REG 305,000.000 306,491.450 317,638.900
KEYSTONE PPTY TR COM 1,000.000 16,032.700 16,970.000
SL GREEN RLTY CORP COM STK 1,600.000 51,718.990 50,560.000
US TREAS NTS INFLATION-INDEXED NT 3.5 DUE 01-15-2011 245,000.000 252,399.590 279,044.540
1ST INDL RLTY TR INC COM 2,100.000 65,746.450 58,800.000
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 444,106,438.79 444,074,146.97
------------------------------------------------------------------------------------------------------------------------
TOTAL OTHER 444,106,438.79 444,074,146.97
Other Liabilities
------------------------------------------------------------------------------------------------------------------------
Pending trade purchases: United States dollar 0.000 -1,457,955.080 -1,457,955.080
------------------------------------------------------------------------------------------------------------------------
TOTAL - ALL CURRENCIES -1,457,955.08 -1,457,955.08
------------------------------------------------------------------------------------------------------------------------
TOTAL OTHER LIABILITIES -1,457,955.08 -1,457,955.08
Payable Other
------------------------------------------------------------------------------------------------------------------------
UNITED STATES - USD
FEE FOR SECURITIES LENDING ACTIVITY FOR 7.000 0.000 0.000
------------------------------------------------------------------------------------------------------------------------
TOTAL UNITED STATES - USD 0.00 0.00
------------------------------------------------------------------------------------------------------------------------
TOTAL PAYABLE OTHER 0.00 0.00
------------------------------------------------------------------------------------------------------------------------
TOTAL 1,201,300,065.55 1,296,173,952.87
THE NORTHERN TRUST COMPANY Generated by The Northern Trust Company from periodic data on 25 Feb 03
-34-
MONSANTO SAVINGS AND INVESTMENT PLAN
ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------
(DOLLARS IN THOUSANDS)
CURRENT
Identity of issue, borrower, lessor or similar party COST VALUE
See attached detail 1,201,300 1,296,174
Reconciling items:
------------------
Pending Trade Sales listed on Detail (489) (489)
Pending Trade Purchases listed on Detail 1,458 1,458
Reconciling items between record keeper and trust (46) (46)
Value of Monsanto stock in ESOP fund* 24,930 102,018
------------ ------------
Subtotal 1,227,153 1,399,115
============ ============
*Represents party-in-interest to the plan
-35-
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 2
------------------------------------------------------------------------------
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED
AND DISPOSED OF WITHIN THE PLAN YEAR ENDED
DECEMBER 31, 2002
-36-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
REORG/COMCAST CORP CL A COM STK MERGER TO AT&T COMCAST CORP
Acquisitions 1,900.00 -38,127.11
Dispositions -3,100.00 61,944.12
Free Delivery -27,800.00
REORG/PHILLIPS PETROLEUM CO NAME CHANGE TO CONOCOPHILLIPS
Acquisitions 4,600.00 -234,866.00
Free Delivery -99,700.00
CHELSEA PPTY GROUP INC
Acquisitions 1,500.00 -50,505.30
Free Delivery -1,500.00
LIBERTY MEDIA CORP NEW RT PUR COM SER A
Free Delivery -2,784.00
Free Receipt 2,784.00
RAILAMERICA INC COM DO NOT USE
Acquisitions 1,100.00 -11,399.00
Free Delivery -16,400.00
REORG/AT&T CORP REV SPLT TO AT&T CORP NEW
Acquisitions 50,700.00 -517,193.10
Free Delivery -575,900.00
REORG/CARNIVAL CORP RECLASSIFICATION TO CARNIVAL CORP COM PAIRED
Acquisitions 10,000.00 -268,958.64
Dispositions -4,200.00 106,292.07
Free Delivery -3,900.00
REORG/COMCAST CORP CL A COM TK MERGER TO AT&T COMCAST CORP
Acquisitions 30,000.00 -667,911.29
Dispositions -2,500.00 54,454.63
Free Delivery -127,900.00
REORG/KPMG CONSULTING NAME CHANGE TO BEARINGPOINT INC
Acquisitions 660.00 -7,005.06
Dispositions -140.00 1,573.34
Free Delivery -6,120.00
REORG/PHARMACIA CORP STOCK MERGER TO PFIZER INC
Acquisitions 172,774.00 -7,104,837.81
Dispositions -852,860.00 35,762,127.09
Free Delivery -8,298,123.00
Free Receipt 1,455,368.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-37-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
REORG/PHILIP MORRIS NAME CHG TO ALTRIA GROUP INC
Acquisitions 3,700.00 -175,814.01
Dispositions -10,200.00 382,451.06
Free Delivery -16,400.00
REORG/US FREIGHTWAYS NAME CHANGE TO USFCORP
Acquisitions 1,500.00 -47,621.25
Dispositions -500.00 15,927.31
PRIOR TRUSTEE RECEIVABLE
Acquisitions 1.00 0.00
Dispositions -1.00 0.00
1ST ST BANCORPORATION COM
Acquisitions 1,200.00 -27,561.76
Dispositions -500.00 11,858.14
3M CO COM
Acquisitions 2,600.00 -313,182.64
Dispositions -2,300.00 284,294.55
Free Delivery -9,400.00
5TH 3RD BANCORP COM
Acquisitions 600.00 -40,733.58
Dispositions -6,100.00 380,516.44
Free Delivery -4,800.00
AAIPHARMA INC COM
Acquisitions 3,300.00 -55,231.65
Dispositions -800.00 12,759.61
AARON RENTS INC CL B
Acquisitions 1,350.00 -29,710.92
Free Delivery -1,750.00
ABBOTT LAB COM
Acquisitions 28,100.00 -1,066,805.62
Dispositions -18,600.00 766,819.85
Free Delivery -27,500.00
ACCENTURE LTD BERMUDA CLS A COM
Acquisitions 4,400.00 -62,632.50
Dispositions -800.00 13,634.62
ACE LTD ORD STK USD0.0416
Acquisitions 11,900.00 -381,467.16
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-38-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -11,100.00
ACTEL CORP COM
Acquisitions 3,310.00 -49,741.72
Dispositions -3,850.00 60,489.99
Free Delivery -1,360.00
ACTION PERFORMANCE COS INC COM
Acquisitions 1,400.00 -27,652.80
Dispositions -700.00 13,229.60
ACTIVISION INC NEW COM NEW
Acquisitions 3,300.00 -66,358.98
Dispositions -3,300.00 41,580.06
ACTUATE CORP COM
Acquisitions 2,700.00 -8,464.77
Dispositions -6,600.00 15,145.87
Free Delivery -3,100.00
ADOBE SYS INC COM
Acquisitions 2,300.00 -60,162.39
Dispositions -15,100.00 340,164.00
Free Delivery -11,200.00
ADR AKZO NOBEL N V SPONSORED ADR
Acquisitions 13,700.00 -447,344.78
Free Delivery -34,000.00
ADR ASML HLDG ASML HLDG NV EUR0.02(NY REG)
Acquisitions 7,300.00 -74,997.14
Dispositions -2,460.00 27,047.50
Free Delivery -8,740.00
ADR FIAT S P A SPONSORED ADR REPSTG ORD NEW
Acquisitions 19,400.00 -191,660.35
Free Delivery -90,100.00
ADR IONA TECHNOLOGIES PLC SPONSORED ADR
Acquisitions 8,000.00 -16,373.65
Dispositions -8,000.00 20,953.65
ADR MATSUSHITA ELEC INDL LTD ADR
Acquisitions 29,400.00 -319,918.49
Free Delivery -79,400.00
ADR NEWS CORP LTD SPONSORED ADR REPSTG PFD LTD
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C070
-39-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 26,700.00 -484,653.28
Free Delivery -95,800.00
ADR NOKIA CORP SPONSORED ADR
Acquisitions 66,400.00 -1,151,107.98
Dispositions -45,000.00 553,566.59
Free Delivery -200,600.00
ADR RIO TINTO PLC
Acquisitions 500.00 -32,597.95
Dispositions -2,900.00 229,224.46
Free Delivery -27,100.00
ADR SAP AKTIENGESELLSCHAFT SPONSORED ADR
Acquisitions 1,800.00 -30,993.35
Dispositions -10,700.00 188,716.30
Free Delivery -8,900.00
ADR SONY CORP AMER DEPY RCPT FOR DOLLAR-VALIDATED COM BKD
BY 1 SH COM
Acquisitions 7,000.00 -308,312.00
Free Delivery -20,200.00
ADR STMICROELECTRONICS N V SHS-N Y REGISTRY
Acquisitions 10,900.00 -235,412.13
Dispositions -7,300.00 109,254.67
Free Delivery -6,400.00
ADR SYNGENTA AG SPONSORED ADR
Acquisitions 13,200.00 -146,670.00
Free Delivery -25,200.00
ADR TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR
Acquisitions 44,200.00 -472,638.04
Dispositions -68,760.00 569,837.31
Free Delivery -38,400.00
ADR UNILEVER N V NY SHS NEW
Acquisitions 1,000.00 -53,420.00
Free Delivery -14,500.00
ADVANCED MARKETING SVCS INC COM
Acquisitions 800.00 -12,287.98
Dispositions -3,100.00 42,996.39
Free Delivery -3,100.00
ADVANCEPCS CL A COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-40-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,340.00 -30,806.50
Dispositions -1,000.00 25,672.16
Free Delivery -1,740.00
AFFILIATED COMPUTER SVCS INC CL A COM
Acquisitions 600.00 -26,105.45
Dispositions -690.00 32,920.46
Free Delivery -1,260.00
AFFILIATED MANAGERS GROUP INC COM STK
Acquisitions 570.00 -29,044.92
Free Delivery -1,070.00
AGCO CORP COM
Acquisitions 1,480.00 -30,640.73
Dispositions -1,500.00 38,120.15
Free Delivery -2,430.00
ALCOA INC COM STK
Acquisitions 27,500.00 -626,080.25
Dispositions -3,100.00 75,768.02
Free Delivery -49,700.00
ALLIANCE DATA SYS CORP COM
Acquisitions 1,000.00 -15,993.50
Dispositions -1,360.00 21,840.79
Free Delivery -5,140.00
ALLIANT TECHSYSTEMS INC COM
Acquisitions 1,750.00 -107,384.61
Dispositions -450.00 31,224.47
Free Delivery -780.00
AMER ELEC PWR CO INC COM
Acquisitions 8,800.00 -233,027.76
Free Delivery -23,900.00
AMER EXPRESS CO COM
Acquisitions 2,800.00 -90,976.32
Dispositions -5,500.00 170,748.60
Free Delivery -17,000.00
AMER SVC GROUP INC COM
Acquisitions 700.00 -7,606.64
Free Delivery -1,840.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-41-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
AMERADA HESS CORP COM
Acquisitions 5,500.00 -349,729.87
Dispositions -1,500.00 120,447.72
Free Delivery -27,100.00
AMEREN CORP COM
Acquisitions 1,000.00 -43,750.00
Dispositions -15,800.00 654,878.93
Free Delivery -25,200.00
AMERISOURCEBERGEN CORP COM
Acquisitions 11,880.00 -799,952.94
Dispositions -8,100.00 461,307.99
Free Delivery -3,380.00
AMERN INTL GROUP INC COM
Acquisitions 29,900.00 -1,807,796.08
Dispositions -8,000.00 488,832.61
Free Delivery -62,300.00
AMERN STD COS INC DEL COM
Acquisitions 90.00 -5,780.70
Dispositions -310.00 21,674.26
Free Delivery -780.00
AMGEN INC COM
Acquisitions 25,200.00 -1,105,057.39
Dispositions -6,900.00 298,675.58
Free Delivery -61,200.00
AMSURG CORP COM
Acquisitions 2,250.00 -62,939.16
Dispositions -1,250.00 24,242.99
ANADARKO PETRO CORP COM
Acquisitions 1,200.00 -54,744.71
Dispositions -790.00 38,044.59
Free Delivery -1,160.00
ANALOG DEVICES INC COM
Acquisitions 2,900.00 -72,306.43
Dispositions -6,600.00 131,683.80
Free Delivery -3,300.00
ANHEUSER BUSCH COS INC COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-42-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 11,600.00 -558,557.54
Dispositions -18,600.00 894,298.90
Free Delivery -39,900.00
ANTHEM INC COM
Acquisitions 1,090.00 -69,956.98
Dispositions -810.00 53,605.53
Free Delivery -880.00
AOL TIME WARNER INC COM
Acquisitions 21,200.00 -250,270.24
Dispositions -70,900.00 832,514.17
Free Delivery -118,200.00
AON CORP COM
Acquisitions 100.00 -2,333.00
Dispositions -22,800.00 348,822.11
Free Delivery -18,100.00
APPLIED MATERIALS INC COM
Acquisitions 41,700.00 -576,099.89
Dispositions -19,600.00 317,539.59
Free Delivery -32,700.00
AQUILA INC DEL NEW COM
Acquisitions 15,800.00 -118,500.00
Dispositions -42,400.00 264,590.70
Free Delivery -24,300.00
ARAMARK CORP CL B
Acquisitions 2,780.00 -59,870.51
Dispositions -1,000.00 21,206.75
Free Delivery -580.00
ARCHER-DANIELS-MIDLAND CO COM
Acquisitions 24,755.00 -302,822.62
Dispositions -25,400.00 350,221.58
Free Delivery -117,100.00
AT&T CORP USD SR NT 7.8 DUE 11-15-2011/11-14-2011 BEO
Dispositions -235,000.00 218,843.75
Free Receipt 685,000.00
AT&T WIRELESS SVCS INC COM
Acquisitions 65,800.00 -285,940.20
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-43-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -11,550.00 56,708.77
Free Delivery -17,750.00
AUG TECH CORP COM STK ISIN#US05106U1051
Acquisitions 2,500.00 -20,495.82
Dispositions -2,500.00 13,102.37
AUTO DATA PROCESSING INC COM
Acquisitions 15,900.00 -591,660.02
Dispositions -22,100.00 782,110.84
Free Delivery -16,000.00
AVAYA INC COM
Acquisitions 41,400.00 -74,624.82
Free Delivery -118,400.00
AVON PROD INC COM
Acquisitions 1,700.00 -81,595.75
Free Delivery -13,500.00
BAKER HUGHES INC COM
Acquisitions 14,700.00 -395,222.88
Dispositions -7,000.00 235,090.71
Free Delivery -34,000.00
BANK N.Y. CO INC COM
Acquisitions 8,000.00 -197,649.46
Dispositions -4,800.00 153,779.41
Free Delivery -19,100.00
BANK ONE CORP COM
Acquisitions 10,700.00 -403,713.22
Dispositions -19,500.00 715,171.06
Free Delivery -101,500.00
BAXTER INTL INC COM
Acquisitions 18,900.00 -602,323.88
Dispositions -50,200.00 1,471,605.92
Free Delivery -65,900.00
BCE INC COM STK
Acquisitions 12,800.00 -208,148.64
Dispositions -900.00 16,163.51
BEA SYS INC COM
Acquisitions 6,600.00 -43,243.42
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-44-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -4,200.00 38,779.22
BEARINGPOINT INC COM
Acquisitions 23,900.00 -187,832.04
Dispositions -1,200.00 9,418.99
Free Receipt 3,700.00
BECTON DICKINSON & CO COM
Acquisitions 5,400.00 -162,963.00
Free Delivery -30,200.00
BED BATH BEYOND INC COM
Acquisitions 16,500.00 -518,283.62
Dispositions -15,500.00 502,017.12
Free Delivery -23,800.00
BENCHMARK ELECTRS INC COM
Acquisitions 2,500.00 -66,491.00
Dispositions -2,500.00 43,077.95
BEST BUY INC COM STK
Acquisitions 2,190.00 -60,469.87
Dispositions -22,650.00 480,891.01
Free Delivery -28,690.00
BIOMET INC COM
Acquisitions 4,900.00 -145,464.34
Dispositions -4,900.00 131,968.09
BIOVAIL CORP COM
Acquisitions 90.00 -2,469.60
Dispositions -1,520.00 32,567.69
Free Delivery -1,170.00
BISYS GROUP INC COM
Acquisitions 2,040.00 -40,295.19
Dispositions -100.00 2,466.68
Free Delivery -1,940.00
BJ SVCS CO COM
Acquisitions 14,700.00 -428,670.47
Dispositions -9,740.00 320,486.89
Free Delivery -9,360.00
BJS WHSL CLUB INC COM STK
Acquisitions 6,500.00 -171,278.07
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-45-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -13,100.00 233,756.95
Free Delivery -5,800.00
BK AMER CORP COM
Acquisitions 2,400.00 -149,315.74
Dispositions -16,421.00 1,123,948.57
Free Delivery -30,900.00
BLUE RHINO CORP COM
Acquisitions 800.00 -13,904.00
Dispositions -1,570.00 24,031.28
Free Delivery -2,130.00
BOEING CO COM
Acquisitions 11,200.00 -346,854.10
Dispositions -10,600.00 346,882.48
Free Delivery -8,200.00
Free Receipt 5,700.00
BOISE CASCADE CORP COM
Acquisitions 4,300.00 -109,899.64
Free Delivery -20,200.00
BORG WARNER INC COM
Acquisitions 800.00 -44,364.56
Dispositions -800.00 33,860.89
BRIGHT HORIZONS FAMILY SOLUTIONS INC COM
Acquisitions 1,600.00 -39,169.94
Dispositions -700.00 19,048.17
BRISTOL MYERS SQUIBB CO COM
Acquisitions 31,400.00 -687,198.31
Dispositions -7,600.00 195,506.97
Free Delivery -19,200.00
BROADCOM CORP CL A
Acquisitions 2,200.00 -34,915.00
Dispositions -2,200.00 40,120.25
Free Delivery -6,200.00
BROCADE COMMUNICATIONS SYS INC COM ISIN #US1116211087
Acquisitions 800.00 -12,073.50
Dispositions -4,300.00 26,246.99
Free Delivery -3,600.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-46-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
BSTN SCIENTIFIC CORP COM
Acquisitions 4,280.00 -174,942.38
Dispositions -1,120.00 38,446.57
Free Delivery -1,260.00
BURL RES INC COM
Acquisitions 2,400.00 -98,472.00
Dispositions -11,700.00 453,371.62
Free Delivery -10,300.00
CALPINE CORP COM
Acquisitions 1,600.00 -9,520.00
Dispositions -13,400.00 50,817.16
Free Delivery -11,700.00
CAP 1 FNCL COM
Acquisitions 36,200.00 -1,240,208.42
Dispositions -17,400.00 556,268.22
Free Delivery -6,700.00
CARDINAL HLTH INC
Acquisitions 3,300.00 -203,534.40
Dispositions -23,700.00 1,492,265.91
Free Delivery -60,800.00
CAREMARK RX INC COM
Acquisitions 4,800.00 -84,422.00
Free Delivery -26,000.00
CARMAX INC COM
Dispositions -313.88 5,131.09
Free Delivery -314.00
Free Receipt 627.88
CATERPILLAR INC COM
Acquisitions 7,700.00 -347,038.94
Free Delivery -19,100.00
CCC INFORMATION SVCS GROUP INC COM
Acquisitions 1,750.00 -27,615.35
Dispositions -1,750.00 31,046.99
CENDANT CORP COM STK
Acquisitions 15,900.00 -187,394.29
Free Delivery -18,600.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-47-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
CEPHALON INC CON
Acquisitions 500.00 -22,401.70
Dispositions -1,120.00 57,295.53
Free Delivery -980.00
CHAMPPS ENTMT INC DEL COM
Acquisitions 590.00 -6,521.27
Dispositions -1,300.00 12,558.93
Free Delivery -3,590.00
CHARTER 1 FINCL INC COM
Acquisitions 8,205.00 -243,510.22
Dispositions -3,860.00 123,407.78
Free Delivery -6,580.00
CHEVRONTEXACO CORP COM
Acquisitions 9,500.00 -665,338.58
Dispositions -1,600.00 119,176.96
Free Delivery -33,500.00
CHUBB CORP COM
Acquisitions 3,300.00 -180,751.44
Dispositions -800.00 50,758.47
Free Delivery -19,300.00
CISCO SYS INC COM
Acquisitions 75,700.00 -1,031,431.73
Dispositions -68,200.00 932,557.38
Free Delivery -232,600.00
CITIGROUP INC COM
Acquisitions 37,800.00 -1,192,972.63
Dispositions -27,400.00 916,825.93
Free Delivery -158,900.00
CITY NATL CORP COM
Acquisitions 480.00 -22,602.72
Free Delivery -580.00
CLEAR CHANNEL COMMUNICATIONS INC COM
Acquisitions 7,100.00 -284,898.83
Dispositions -15,200.00 476,200.32
Free Delivery -35,100.00
COACH INC COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-48-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,460.00 -34,756.39
Dispositions -1,500.00 36,865.30
Free Delivery -580.00
COCA COLA CO COM
Acquisitions 21,600.00 -1,052,795.15
Dispositions -7,600.00 363,997.41
Free Delivery -3,600.00
COCA COLA ENTERPRISES INC COM
Acquisitions 10,000.00 -220,784.98
Dispositions -1,600.00 37,680.10
COGNOS INC COM
Acquisitions 5,650.00 -125,946.94
Dispositions -1,250.00 27,852.65
COLGATE-PALMOLIVE CO COM
Acquisitions 5,500.00 -281,084.68
Dispositions -10,400.00 555,890.64
Free Delivery -32,300.00
COM KROLL INC DEL
Acquisitions 730.00 -14,121.00
Free Delivery -2,230.00
COMCAST CORP NEW CL A
Dispositions -0.50 12.02
Free Receipt 93,257.50
COMERICA INC COM
Acquisitions 9,700.00 -385,671.00
Dispositions -4,300.00 198,841.78
Free Delivery -6,700.00
COMPUTER NETWORK TECH CORP COM
Acquisitions 2,100.00 -11,807.67
Dispositions -1,870.00 12,258.04
Free Delivery -2,430.00
COMPUTER SCI CORP COM
Acquisitions 8,200.00 -277,810.20
Free Delivery -22,700.00
COMPUWARE CORP COM
Acquisitions 14,000.00 -55,510.12
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-49-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -138,000.00
COMSTOCK RES INC COM NEW
Acquisitions 1,600.00 -10,681.21
Free Delivery -2,230.00
CONCORD EFS INC COM
Acquisitions 15,900.00 -427,683.77
Dispositions -37,730.00 732,302.79
Free Delivery -27,870.00
CORIXA CORP COM
Acquisitions 2,000.00 -12,225.58
Dispositions -2,000.00 14,448.49
COST PLUS INC CAL COM
Acquisitions 2,500.00 -65,966.55
Dispositions -750.00 23,045.23
COSTCO WHSL CORP NEW COM
Acquisitions 5,500.00 -187,074.67
Dispositions -4,900.00 146,873.58
Free Delivery -8,100.00
COVANSYS CORP COM
Acquisitions 7,000.00 -27,760.00
Dispositions -7,000.00 14,853.22
COX RADIO INC CL A
Acquisitions 370.00 -8,387.77
Dispositions -530.00 13,165.92
Free Delivery -2,140.00
CUMULUS MEDIA INC CL A DEL
Acquisitions 1,220.00 -14,973.79
Free Delivery -2,720.00
CVS CORP COM STK
Acquisitions 1,400.00 -35,070.00
Dispositions -5,700.00 156,390.70
Free Delivery -14,500.00
CYMER INC COM
Acquisitions 2,000.00 -54,037.13
Dispositions -1,000.00 32,789.13
DAISYTEK INTL CORP COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-50-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,300.00 -17,695.21
Dispositions -1,300.00 8,343.27
DANAHER CORP COM
Acquisitions 7,980.00 -483,257.08
Dispositions -600.00 36,475.87
Free Delivery -1,080.00
DEAN FOODS CO NEW COM
Acquisitions 2,500.00 -90,002.12
Dispositions -600.00 23,085.77
DEL MONTE FOODS CO COM
Dispositions -5,895.00 45,438.33
Free Receipt 5,895.12
DELL COMPUTER CORP COM
Acquisitions 69,400.00 -1,909,664.99
Dispositions -32,100.00 813,434.48
Free Delivery -53,100.00
DELPHI CORP COM
Acquisitions 87,400.00 -735,490.50
Free Delivery -88,800.00
DELTA AIR LINES INC COM
Acquisitions 3,200.00 -52,421.13
Dispositions -18,800.00 200,398.77
Free Delivery -14,200.00
DISNEY WALT CO DISNEY COM COM
Acquisitions 18,200.00 -284,629.06
Dispositions -46,800.00 739,031.55
Free Delivery -25,200.00
DOLLAR TREE STORES INC COM
Acquisitions 1,400.00 -34,825.64
Dispositions -1,350.00 38,918.06
Free Delivery -1,650.00
DOMINION RES INC VA NEW COM
Acquisitions 2,600.00 -127,155.68
Dispositions -4,500.00 275,652.21
Free Delivery -5,300.00
DONNELLEY R R & SONS CO COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-51-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 7,800.00 -184,942.26
Free Delivery -42,800.00
DOW CHEM CO COM
Acquisitions 27,086.00 -758,276.80
Dispositions -13,000.00 382,827.61
Free Delivery -129,800.00
DUANE READE INC COM
Acquisitions 1,200.00 -16,492.80
Dispositions -8,380.00 148,795.40
Free Delivery -5,820.00
DUKE ENERGY CORP COM STK
Acquisitions 1,200.00 -35,616.00
Dispositions -8,700.00 195,369.39
Free Delivery -6,700.00
EASTMAN KODAK CO COM
Acquisitions 22,600.00 -645,150.79
Free Delivery -36,800.00
EDO CORP COM
Acquisitions 300.00 -5,425.68
Dispositions -810.00 16,126.24
Free Delivery -4,270.00
EDWARDS J D & CO COM
Acquisitions 4,000.00 -43,386.70
Dispositions -4,000.00 53,369.58
EL PASO CORP COM
Acquisitions 16,800.00 -264,184.00
Dispositions -55,600.00 419,425.00
Free Delivery -35,400.00
ELECTR ARTS COM
Acquisitions 200.00 -10,410.00
Dispositions -1,340.00 86,660.51
Free Delivery -1,260.00
ELECTR DATA SYS CORP NEW COM
Acquisitions 8,800.00 -237,585.45
Dispositions -7,900.00 189,231.63
Free Delivery -32,000.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-52-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
EMBREX INC COM
Acquisitions 630.00 -8,215.70
Dispositions -900.00 14,266.18
Free Delivery -2,230.00
EMC CORP COM
Acquisitions 3,700.00 -26,026.68
Dispositions -27,000.00 116,829.82
Free Delivery -17,200.00
EMERSON ELEC CO COM
Acquisitions 2,700.00 -132,077.35
Dispositions -3,000.00 135,908.18
Free Delivery -4,500.00
EMULEX CORP COM NEW
Acquisitions 6,860.00 -81,844.75
Dispositions -6,800.00 146,136.65
Free Delivery -1,360.00
ENGELHARD CORP COM
Acquisitions 5,500.00 -133,653.85
Free Delivery -26,500.00
ENTERCOM COMMUNICATIONS CORP CL A
Acquisitions 100.00 -3,982.04
Dispositions -1,490.00 68,790.57
Free Delivery -3,110.00
EOG RESOURCES INC COM
Acquisitions 100.00 -3,712.66
Dispositions -9,540.00 333,860.56
Free Delivery -9,760.00
EQTY OFFICE PPTYS TR REIT
Acquisitions 12,200.00 -317,125.68
Free Delivery -58,000.00
EQTY RESDNTL EFF 5/15/02
Acquisitions 8,300.00 -208,303.00
Free Delivery -35,900.00
EUNIVERSE INC COM
Acquisitions 4,900.00 -20,946.16
Dispositions -700.00 2,996.18
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-53-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
EXELON CORP COM
Acquisitions 10,300.00 -490,573.55
Dispositions -1,300.00 66,540.86
Free Delivery -5,300.00
EXTREME NETWORKS INC COM
Acquisitions 6,100.00 -56,651.09
Dispositions -17,700.00 83,152.79
Free Delivery -11,500.00
EXXON MOBIL CORP COM
Acquisitions 8,300.00 -289,752.32
Dispositions -23,700.00 797,851.02
Free Delivery -28,000.00
F P L GROUP INC COM
Acquisitions 2,800.00 -149,715.40
Dispositions -3,800.00 224,294.31
Free Delivery -4,200.00
FDRY NETWORKS INC COM
Acquisitions 11,800.00 -87,066.18
Dispositions -8,300.00 62,570.82
FEDEX CORP COM
Acquisitions 4,600.00 -218,818.00
Free Delivery -45,400.00
FHLMC COM
Acquisitions 3,100.00 -191,140.11
Dispositions -4,300.00 266,175.37
Free Delivery -60,000.00
FIRST DATA CORP COM
Acquisitions 15,400.00 -516,878.74
Dispositions -36,600.00 1,140,135.73
Free Delivery -77,200.00
FISERV INC COM
Acquisitions 1,490.00 -49,255.78
Dispositions -100.00 3,358.89
Free Delivery -290.00
FLEETBOSTON FINL CORP COM STK
Acquisitions 26,100.00 -538,026.65
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-54-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -5,800.00 152,254.51
Free Delivery -35,500.00
FLOWSERVE CORP COM
Acquisitions 30.00 -557.41
Dispositions -3,000.00 23,900.27
Free Delivery -2,330.00
FLUOR CORP NEW COM
Acquisitions 7,500.00 -197,540.70
Free Delivery -26,200.00
FNMA COM STK
Acquisitions 18,400.00 -1,254,711.36
Dispositions -1,900.00 129,530.27
Free Delivery -26,100.00
FORD MTR CO DEL COM PAR $0.01
Acquisitions 9,500.00 -117,515.00
Dispositions -13,400.00 169,917.58
Free Delivery -37,000.00
FOREST LAB INC COM
Acquisitions 2,300.00 -205,202.88
Dispositions -1,300.00 122,771.52
Free Delivery -3,300.00
GA PAC CORP
Acquisitions 9,700.00 -177,593.74
Dispositions -10,300.00 123,905.25
Free Delivery -22,000.00
GAP INC COM
Acquisitions 20,900.00 -245,826.86
Free Delivery -35,900.00
GEN ELEC CO COM
Acquisitions 28,100.00 -765,053.36
Dispositions -59,200.00 1,583,104.15
Free Delivery -198,300.00
GENENTECH INC COM STK
Acquisitions 2,300.00 -66,965.52
Dispositions -7,600.00 228,238.95
Free Delivery -11,500.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-55-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS CORP COMMON STOCK
Acquisitions 5,600.00 -202,717.76
Dispositions -2,900.00 119,236.28
Free Delivery -10,200.00
GENUINE PARTS CO COM
Acquisitions 8,700.00 -278,035.02
Free Delivery -63,000.00
GIC AEGON GLOBAL WRAP CNTRCT CDA00004TR RATE: 6.42% (BLEND**INC
Acquisitions 27,997,328.34 -27,997,328.34
Dispositions -198,815.98 198,815.98
Free Delivery -386,273,402.36
GILEAD SCI INC COM
Acquisitions 620.00 -19,375.74
Dispositions -1,860.00 64,654.01
Free Delivery -1,560.00
GILLETTE CO COM
Acquisitions 28,100.00 -848,450.87
Dispositions -14,500.00 440,330.65
Free Delivery -9,800.00
GOLDEN W. FNCL CORP COM
Acquisitions 8,900.00 -553,378.95
Dispositions -10,900.00 750,981.84
Free Delivery -44,700.00
GOLDMAN SACHS GROUP INC COM
Acquisitions 10,200.00 -761,192.10
Dispositions -10,400.00 707,487.53
Free Delivery -18,900.00
GOODRICH CORPORATION
Acquisitions 7,110.00 -165,146.65
Dispositions -16,710.00 275,075.52
Free Delivery -8,800.00
GULF IS FABRICATION INC COM
Acquisitions 250.00 -4,051.55
Free Delivery -1,550.00
HANOVER COMPRESSOR CO COM (HOLDING COMPANY) COM
Acquisitions 23,800.00 -206,910.71
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-56-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -1,900.00 12,908.20
Free Delivery -18,200.00
HARLEY DAVIDSON INC COM
Acquisitions 4,100.00 -197,160.76
Dispositions -8,200.00 415,954.65
Free Delivery -39,400.00
HARTFORD FINL SVCS GROUP INC COM
Acquisitions 7,100.00 -344,121.08
Dispositions -2,900.00 130,813.72
Free Delivery -18,100.00
HCA INC COM
Acquisitions 19,200.00 -780,848.08
Dispositions -14,500.00 612,438.03
Free Delivery -36,100.00
HERSHEY FOODS CORP COM
Acquisitions 1,800.00 -131,845.47
Dispositions -1,300.00 94,000.55
HEWLETT PACKARD CO COM
Acquisitions 77,300.00 -1,072,313.82
Dispositions -51,300.00 948,797.31
Free Delivery -175,700.00
HILTON HOTELS CORP COM
Acquisitions 230.00 -2,671.16
Dispositions -1,980.00 26,240.06
Free Delivery -4,950.00
HOME DEPOT INC COM
Acquisitions 8,600.00 -255,600.00
Dispositions -61,000.00 1,806,339.70
Free Delivery -154,900.00
HONEYWELL INTL INC COM STK
Acquisitions 4,500.00 -128,495.59
Dispositions -6,100.00 160,101.99
Free Delivery -11,400.00
HORIZON OFFSHORE INC COM
Acquisitions 1,500.00 -8,535.00
Dispositions -7,300.00 42,699.63
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-57-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -8,640.00
HOT TOPIC INC COM
Acquisitions 700.00 -17,376.17
Dispositions -700.00 12,564.62
HSEHD INTL INC COM
Acquisitions 9,900.00 -221,616.60
Dispositions -23,800.00 859,963.93
Free Delivery -39,900.00
HUB INTL LTD COM
Acquisitions 600.00 -9,271.66
Dispositions -4,500.00 54,088.36
Free Delivery -3,100.00
IDEC PHARMACEUTICALS CORP COM
Acquisitions 300.00 -13,345.56
Dispositions -1,460.00 61,595.49
Free Delivery -1,740.00
ILL TOOL WKS INC COM
Acquisitions 2,600.00 -172,059.51
Dispositions -400.00 26,260.20
Free Delivery -5,200.00
INSIGHT ENTERPRISES INC COM
Acquisitions 3,000.00 -52,797.52
Dispositions -3,000.00 31,487.85
INTEGRATED CIRCUIT SYS INC COM NEW COM STK
Acquisitions 9,070.00 -130,778.93
Dispositions -11,620.00 246,035.84
Free Delivery -4,650.00
INTEL CORP CAP
Acquisitions 95,000.00 -1,517,609.01
Dispositions -91,064.00 1,594,476.18
Free Delivery -134,700.00
INTER TEL INC COM
Acquisitions 3,750.00 -79,124.36
Dispositions -2,550.00 61,057.36
INTERSIL CORP
Acquisitions 760.00 -15,271.92
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-58-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -2,040.00 36,594.79
Free Delivery -2,320.00
INTL BUSINESS MACHS CORP COM
Acquisitions 4,600.00 -366,074.96
Dispositions -500.00 39,748.80
Free Delivery -5,100.00
INTL PAPER CO COM
Acquisitions 11,500.00 -415,824.69
Dispositions -16,100.00 621,284.70
Free Delivery -58,300.00
INTUIT COM
Acquisitions 1,400.00 -64,538.64
Dispositions -500.00 25,180.07
INVESTORS FINL SVCS CORP DEL COM
Acquisitions 1,600.00 -47,704.00
Dispositions -900.00 24,601.63
IVAX CORP COM
Acquisitions 8,200.00 -100,980.00
Free Delivery -11,600.00
J P MORGAN CHASE & CO COM
Acquisitions 27,400.00 -611,353.05
Dispositions -11,100.00 257,818.11
Free Delivery -39,900.00
JABIL CIRCUIT INC COM
Acquisitions 5,000.00 -91,113.33
Dispositions -2,400.00 45,689.90
Free Delivery -7,100.00
JOHNSON & JOHNSON COM
Acquisitions 25,700.00 -1,437,056.41
Dispositions -16,400.00 817,329.25
Free Delivery -90,500.00
KLA-TENCOR CORP
Acquisitions 3,500.00 -131,995.17
Dispositions -920.00 38,628.00
Free Delivery -3,980.00
KOHLS CORP COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-59-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 12,000.00 -744,497.84
Dispositions -20,400.00 1,303,215.46
Free Delivery -108,800.00
KRAFT FOODS INC CL A
Acquisitions 4,400.00 -174,483.49
Dispositions -12,400.00 463,708.33
Free Delivery -6,700.00
KYPHON INC COM
Acquisitions 1,500.00 -11,622.30
Free Delivery -2,040.00
LAB CORP AMER HLDGS COM NEW
Acquisitions 900.00 -41,163.84
Dispositions -3,940.00 136,401.22
Free Delivery -1,160.00
LAMAR ADVERTISING CO CL A COM
Acquisitions 80.00 -2,312.00
Dispositions -320.00 9,518.75
Free Delivery -1,560.00
LATTICE SEMICONDUCTOR CORP COM
Acquisitions 12,500.00 -97,390.95
Dispositions -6,500.00 46,458.78
LAUDER ESTEE COS INC CL A
Acquisitions 400.00 -12,818.00
Dispositions -3,800.00 112,927.11
Free Delivery -3,500.00
LEHMAN BROS HLDGS INC COM
Acquisitions 11,400.00 -648,086.82
Dispositions -6,500.00 330,767.86
Free Delivery -5,700.00
LIBERTY MEDIA CORP NEW COM SER A
Acquisitions 21,769.00 -175,487.47
Dispositions -52,900.00 419,284.42
Free Delivery -89,600.00
LINENS N THINGS INC COM
Acquisitions 1,780.00 -37,409.06
Dispositions -3,580.00 77,058.55
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-60-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -3,700.00
LOCKHEED MARTIN CORP COM
Acquisitions 11,600.00 -713,913,04
Free Delivery -3,800.00
LOWES CORP COM
Acquisitions 11,200.00 -504,022.24
Free Delivery -30,600.00
LOWES COS INC COM
Acquisitions 13,800.00 -565,450.17
Dispositions -7,400.00 291,195.86
Free Delivery -15,100.00
LTD BRANDS
Acquisitions 7,800.00 -107,394.23
Dispositions -3,700.00 61,706.05
Free Delivery -20,200.00
LUBRIZOL CORP COM
Acquisitions 1,500.00 -43,200.00
Free Delivery -12,000.00
MARRIOTT INTL INC NEW COM STK CL A
Acquisitions 2,000.00 -61,837.18
Dispositions -800.00 28,715.13
Free Delivery -9,700.00
MASCO CORP COM
Acquisitions 6,900.00 -131,376.00
Free Delivery -45,400.00
MATTEL INC COM
Acquisitions 2,980.00 -54,559.29
Dispositions -100.00 2,044.93
Free Delivery -680.00
MAXIM INTEGRATED PRODS INC COM
Acquisitions 23,900.00 -891,558.01
Dispositions -17,200.00 563,980.72
Free Delivery -17,600.00
MAY DEPT STORES CO COM
Acquisitions 22,200.00 -542,412.48
Free Delivery -60,500.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-61-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
MBIA INC COM
Acquisitions 4,300.00 -197,021.00
Free Delivery -5,400.00
MBNA CORP COM
Acquisitions 45,200.00 -843,359.62
Dispositions -30,450.00 560,936.81
Free Delivery -186,900.00
MC DONALDS CORP COM
Acquisitions 50,000.00 -989,287.24
Dispositions -11,000.00 204,632.54
Free Delivery -60,100.00
MEDIMMUNE INC COM
Acquisitions 4,900.00 -114,028.64
Dispositions -2,300.00 59,736.61
Free Delivery -5,400.00
MEDTRONIC INC COM
Acquisitions 22,500.00 -983,166.48
Dispositions -8,800.00 321,623.23
Free Delivery -36,300.00
MELLON FINL CORP COM
Acquisitions 3,800.00 -87,690.32
Dispositions -3,700.00 104,823.99
Free Delivery -16,400.00
MERCK & CO INC COM
Acquisitions 14,400.00 -804,665.00
Dispositions -21,300.00 1,034,087.99
Free Delivery -16,900.00
MERCURY INTERACTIVE CORP COM
Acquisitions 3,490.00 -88,479.02
Dispositions -8,910.00 209,173.41
Free Delivery -6,480.00
MERRILL LYNCH & CO INC COM
Acquisitions 10,200.00 -368,559.58
Dispositions -3,800.00 133,436.43
Free Delivery -63,500.00
MICROCHIP TECH INC COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-62-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 7,600.00 -172,954.02
Dispositions -8,480.00 215,806.79
Free Delivery -2,720.00
MICROMUSE INC COM
Acquisitions 7,000.00 -21,544.25
Dispositions -7,000.00 26,118.91
MICRON TECH INC COM
Acquisitions 1,400.00 -26,342.12
Dispositions -1,400.00 26,451.66
MICROSOFT CORP COM
Acquisitions 36,800.00 -1,793,463.19
Dispositions -11,800.00 628,261.80
Free Delivery -114,800.00
MOLEX INC CL A
Acquisitions 1,100.00 -23,549.35
Dispositions -1,540.00 40,150.35
Free Delivery -1,160.00
MONSANTO CO NEW COM
Acquisitions 339,029.00 -5,619,059.34
Dispositions -146,602.28 2,497,972.00
Free Delivery -25,791.21
Free Receipt 2,521,768.49
MONSANTO PARTICIPANT LOANS
Acquisitions 4,365,580.14 -4,365,580.14
Dispositions -3,699,376.59 3,699,376.59
Free Delivery -10,675,366.88
MORGAN STANLEY
Acquisitions 6,000.00 -223,326.24
Dispositions -16,000.00 603,997.55
Free Delivery -28,100.00
MTC TECHNOLOGIES INC COM
Acquisitions 4,600.00 -78,460.00
Dispositions -1,100.00 24,560.23
MYKROLIS CORP COM
Acquisitions 6,600.00 -42,993.60
Dispositions -5,000.00 37,903.65
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-63-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
NABORS INDUSTRIES COM USD0.10
Acquisitions 560.00 -20,255.66
Dispositions -200.00 5,353.83
Free Delivery -1,260.00
NATIONAL-OILWELL INC COM
Acquisitions 500.00 -10,773.95
Dispositions -3,470.00 61,624.64
Free Delivery -5,530.00
NAVIGATORS GROUP INC COM
Acquisitions 900.00 -21,830.76
Free Delivery -100.00
NCR CORP COM
Acquisitions 13,300.00 -360,528.18
Free Delivery -18,200.00
NETWORK APPLIANCE INC DEL
Acquisitions 2,400.00 -24,552.48
Dispositions -2,100.00 22,187.85
Free Delivery -5,800.00
NEW YORK TIMES CO CL A ISIN #US6501111073
Acquisitions 500.00 -21,715.50
Dispositions -700.00 34,607.93
Free Delivery -8,500.00
NEWELL RUBBERMAID INC COM
Acquisitions 2,300.00 -64,790.77
Dispositions -4,200.00 136,119.29
Free Delivery -12,200.00
NOBLE CORPORATION COM
Acquisitions 2,800.00 -94,552.44
Dispositions -940.00 31,739.47
Free Delivery -4,460.00
NORDSTROM INC COM
Acquisitions 5,500.00 -97,665.00
Free Delivery -60,500.00
NORTHROP GRUMMAN CORP COM NORTHROP GRUMMAN CORP (HLDG CO)
Acquisitions 1,400.00 -147,709.01
Dispositions -800.00 87,775.45
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-64-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -3,500.00
NOVA CHEMICALS CORP COM
Acquisitions 5,800.00 -118,869.75
Free Delivery -23,300.00
NOVELLUS SYS INC COM
Acquisitions 4,700.00 -158,353.22
Free Delivery -3,800.00
OCCIDENTAL PETE CORP COM
Acquisitions 20,800.00 -557,685.64
Dispositions -10,300.00 292,525.79
Free Delivery -77,500.00
ODYSSEY HEALTHCARE INC COM
Acquisitions 1,250.00 -43,169.86
Dispositions -400.00 12,386.14
Free Delivery -1,360.00
ORACLE CORP COM
Acquisitions 31,400.00 -317,438.30
Dispositions -51,700.00 524,005.07
Free Delivery -72,600.00
OSI PHARMACEUTICALS INC COM
Acquisitions 2,200.00 -33,337.26
Dispositions -980.00 14,965.60
Free Delivery -870.00
OUTBACK STEAKHOUSE INC COM
Acquisitions 400.00 -12,642.04
Dispositions -1,140.00 35,624.47
Free Delivery -1,460.00
OVERTURE SVCS INC COM STK
Acquisitions 2,900.00 -67,188.99
Dispositions -2,900.00 78,250.05
PACKETEER INC COM
Acquisitions 4,000.00 -16,621.94
Dispositions -900.00 6,938.79
PATTERSON-UTI ENERGY INC COM
Acquisitions 270.00 -7,711.51
Dispositions -2,720.00 67,203.56
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-65-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -5,050.00
PEOPLESOFT INC COM
Acquisitions 18,800.00 -369,972.59
Dispositions -1,470.00 24,807.10
Free Delivery -2,430.00
PEPSI BOTTLING GROUP INC COM STK ISIN US7134091005
Acquisitions 18,200.00 -506,718.37
Dispositions -1,500.00 43,897.67
Free Delivery -11,000.00
PEPSICO INC COM
Acquisitions 8,300.00 -343,401.32
Dispositions -50,490.00 2,119,259.92
Free Delivery -43,400.00
PERMA-FIX ENVIRONMENTAL SVCS INC COM
Acquisitions 3,210.00 -8,886.98
Free Delivery -6,210.00
PEROT SYS CORP CDT-CL A COM STK
Acquisitions 3,080.00 -33,555.65
Dispositions -5,020.00 48,681.48
Free Delivery -4,960.00
PETSMART INC COM
Acquisitions 2,500.00 -33,500.00
Dispositions -2,500.00
44,123.94
PFIZER INC COM
Acquisitions 46,800.00 -1,464,417.93
Dispositions -35,600.00 1,099,579.13
Free Delivery -244,600.00
PG&E NATL ENERGY GROUP INC SR NT 10.375 DUE
05-16-2011/05-15-2011 BEO IN DEFAULT
Acquisitions 100,000.00 -99,500.00
Free Delivery -535,000.00
PITNEY BOWES INC COM
Acquisitions 15,300.00 -507,843.61
Dispositions -2,100.00 66,914.08
Free Delivery -19,400.00
PNC FINANCIAL SERVICES GROUP COM STK
Acquisitions 2,300.00 -93,944.51
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-66-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -2,500.00 107,633.61
Free Delivery -5,600.00
PRECISE SOFTWARE SOLUTIONS LTD
Dispositions -1,230.00 12,404.17
Free Delivery -3,300.00
Free Receipt 2,230.00
PROCTER & GAMBLE CO COM
Acquisitions 3,300.00 -289,577.00
Dispositions -11,300.00 975,442.84
Free Delivery -22,800.00
PROGRESSIVE CORP OH COM
Acquisitions 9,800.00 -512,720.51
Free Delivery -2,000.00
PROSPERITY BANCSHARES INC COM
Dispositions -970.00 18,962.92
Free Delivery -4,850.00
Free Receipt 2,620.00
PROV HEALTHCARE CO COM
Dispositions -3,180.00 53,435.50
Free Delivery -3,690.00
Free Receipt 1,070.00
PVTPL AT&T CORP USD SR NT 144A 8 DUE 11-15-2031 BEO
Acquisitions 300,000.00 -247,125.00
Free Delivery -900,000.00
QLOGIC CORP COM
Acquisitions 600.00 -14,995.92
Dispositions -1,620.00 60,328.40
Free Delivery -780.00
QUAKER CY BANCORP INC COM
Acquisitions 600.00 -19,839.36
Dispositions -600.00
19,593.16
QUAKER FABRIC CORP NEW
Acquisitions 900.00 -9,088.74
Dispositions -6,950.00 45,761.64
Free Delivery -4,950.00
QUALCOMM INC COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-67-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 10,400.00 -405,549.07
Dispositions -2,400.00 97,312.05
QUEST DIAGNOSTICS INC COM
Acquisitions 700.00 -57,481.74
Dispositions -2,020.00 142,424.40
Free Delivery -380.00
RAYTHEON CO COM NEW
Acquisitions 12,300.00 -358,603.86
Dispositions -3,400.00 118,413.82
Free Delivery -18,300.00
REDBACK NETWORKS INC COM ISIN US7572091012
Acquisitions 10,000.00 -9,453.00
Dispositions -10,000.00 10,109.69
REGENT COMMUNICATIONS INC DEL COM STK ISIN# US7588651098
Acquisitions 500.00 -2,997.25
Free Delivery -5,530.00
RETEK INC COM STK
Acquisitions 12,400.00 -81,978.20
Dispositions -12,400.00 27,496.52
RF MICRO DEVICES INC COM
Acquisitions 4,000.00 -32,290.00
Dispositions -4,000.00 42,332.83
RITA MED SYS INC DEL COM ISIN US76774E1038
Acquisitions 1,200.00 -7,366.08
Dispositions -5,340.00 42,996.37
Free Delivery -4,460.00
ROADWAY CORPORATION
Acquisitions 1,750.00 -47,200.83
Dispositions -1,750.00 65,223.70
ROCKWELL AUTOMATION
Acquisitions 12,500.00 -244,604.37
Dispositions -10,500.00 215,713.60
ROHM & HAAS CO COM
Acquisitions 6,500.00 -215,779.08
Dispositions -3,400.00 117,888.76
Free Delivery -37,800.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-68-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
ROSLYN BANCORP INC COM
Acquisitions 230.00 -4,650.05
Dispositions -3,000.00 50,656.11
Free Delivery -2,230.00
ROXIO INC COM
Acquisitions 1,260.00 -9,611.14
Dispositions -2,900.00 11,130.15
Free Delivery -1,260.00
SAFENET INC COM
Acquisitions 1,900.00 -37,643.87
Dispositions -700.00 16,621.99
SAFEWAY INC COM NEW
Acquisitions 2,900.00 -64,438.00
Free Delivery -15,800.00
SARA LEE CORP COM
Acquisitions 4,500.00 -84,570.75
Free Delivery -29,800.00
SBC COMMUNICATIONS INC COM
Acquisitions 6,600.00 -158,773.00
Dispositions -19,000.00 477,813.88
Free Delivery -39,000.00
SCHERING-PLOUGH CORP COM
Acquisitions 46,200.00 -962,069.53
Dispositions -4,200.00 91,142.53
Free Delivery -106,500.00
SCHLUMBERGER LTD COM STK
Acquisitions 3,700.00 -148,185.10
Dispositions -1,600.00 69,491.38
Free Delivery -11,700.00
SEARS ROEBUCK & CO COM
Acquisitions 21,300.00 -643,990.89
Dispositions -500.00 23,574.28
Free Delivery -10,000.00
SEMTECH CORP
Acquisitions 3,620.00 -46,192.08
Dispositions -8,430.00 131,730.64
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-69-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -3,790.00
SENSYS TECHNOLOGIES INC COM
Acquisitions 2,700.00 -21,600.00
Dispositions -600.00 6,299.80
SIEBEL SYS INC COM
Acquisitions 1,000.00 -13,040.00
Dispositions -11,300.00 116,988.45
Free Delivery -9,500.00
SILICON LABORATORIES INC COM
Acquisitions 1,500.00 -35,582.47
Dispositions -1,500.00 37,643.31
SLM CORP COM
Acquisitions 200.00 -18,280.00
Dispositions -400.00 40,482.77
Free Delivery -100.00
SMITH INTL INC COM
Acquisitions 800.00 -24,450.80
Dispositions -530.00 18,691.14
Free Delivery -480.00
SOLUTIA INC COM STK
Dispositions -76,014.00 373,371.33
Free Delivery -503,405.00
Free Receipt 12,340.00
SONIC AUTOMOTIVE INC CL A
Acquisitions 3,000.00 -44,856.78
Dispositions -4,720.00 94,262.60
Free Delivery -3,780.00
SPRINT CORP PCS COM SER 1
Acquisitions 1,900.00 -7,800.00
Dispositions -34,600.00 112,650.29
Free Delivery -15,300.00
SPX CORP COM
Acquisitions 400.00 -41,823.28
Dispositions -110.00 10,368.42
Free Delivery -290.00
ST JUDE MED INC COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-70-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,900.00 -65,967.69
Dispositions -1,340.00 49,336.07
Free Delivery -880.00
ST PAUL COS INC COM
Acquisitions 7,900.00 -244,482.37
Dispositions -16,800.00 486,707.96
Free Delivery -53,200.00
ST STR CORP COM
Acquisitions 2,500.00 -108,363.00
Dispositions -7,700.00 307,081.53
Free Delivery -7,500.00
STARBUCKS CORP COM
Acquisitions 7,470.00 -157,924.72
Dispositions -1,220.00 26,741.26
Free Delivery -10,550.00
STARWOOD HOTELS & RESORTS WORLDWIDE INC PAIRED
CTF 1 CL B SH BEN INT STARWOOD
Acquisitions 10,610.00 -262,355.51
Dispositions -6,390.00 152,994.38
Free Delivery -12,420.00
STERLING BANCSHARES INC COM
Acquisitions 1,660.00 -18,608.24
Free Delivery -1,260.00
STORAGE TECH CORP COM (NEW)
Acquisitions 7,100.00 -91,844.68
Dispositions -3,800.00 85,435.56
Free Delivery -36,500.00
STRYKER CORP COM
Acquisitions 590.00 -30,027.70
Dispositions -700.00 41,323.41
Free Delivery -390.00
SUNGARD DATA SYS INC COM
Acquisitions 1,790.00 -38,508.59
Dispositions -1,100.00 24,868.83
Free Delivery -490.00
SWIFT TRANSN INC COM
Acquisitions 220.00 -4,122.83
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-71-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -2,000.00 37,357.18
Free Delivery -2,520.00
SYMANTEC CORP COM
Acquisitions 3,600.00 -121,399.28
Dispositions -840.00 33,717.91
Free Delivery -1,260.00
SYSCO CORP COM
Acquisitions 5,700.00 -155,674.98
Dispositions -6,600.00 196,346.99
Free Delivery -9,200.00
TARGET CORP COM
Acquisitions 11,000.00 -385,168.12
Dispositions -41,700.00 1,262,398.01
Free Delivery -52,900.00
TCF FNCL CORP COM
Acquisitions 790.00 -37,391.10
Free Delivery -390.00
TENET HEALTHCARE CORP COM
Acquisitions 16,650.00 -701,077.60
Dispositions -64,500.00 1,279,391.13
Free Delivery -50,000.00
TEXTRON INC COM
Acquisitions 13,200.00 -500,190.39
Dispositions -6,500.00 235,346.15
Free Delivery -5,800.00
THERMO ELECTRON CORP COM
Acquisitions 3,300.00 -54,582.00
Free Delivery -57,300.00
T-HQ INC COM NEW
Acquisitions 1,460.00 -32,891.70
Dispositions -5,820.00 77,686.63
Free Delivery -5,240.00
TIFFANY & CO COM
Acquisitions 900.00 -19,353.60
Dispositions -1,500.00 47,969.57
Free Delivery -16,700.00
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-72-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
TJX COS INC COM NEW
Acquisitions 1,300.00 -22,848.52
Dispositions -2,060.00 38,468.88
Free Delivery -2,040.00
TORCHMARK CORP COM
Acquisitions 3,800.00 -138,266.00
Free Delivery -32,800.00
TOWER AUTOMOTIVE INC COM
Acquisitions 1,980.00 -15,917.16
Dispositions -7,000.00 38,181.04
Free Delivery -3,980.00
TRANSOCEAN INC
Acquisitions 12,000.00 -258,339.84
Dispositions -4,200.00 111,250.86
Free Delivery -27,700.00
TRAVELERS PPTY CAS CORP NEW CL A
Acquisitions 26,000.00 -371,642.68
Dispositions -1,164.44 18,926.14
Free Delivery -30,200.00
Free Receipt 5,017.44
TRAVELERS PPTY CAS CORP NEW CL B
Dispositions -2,391.62 41,939.03
Free Receipt 10,308.62
TRIAD HOSPS INC COM ISIN US89579K1097
Acquisitions 2,170.00 -70,327.60
Dispositions -3,570.00 120,583.23
Free Delivery -3,100.00
TRITON PCS HLDGS INC CL A COM STK
Acquisitions 7,300.00 -22,153.72
Dispositions -4,450.00 16,602.72
Free Delivery -1,750.00
TX INSTRS INC COM
Acquisitions 38,200.00 -608,245.29
Dispositions -15,500.00 332,027.37
Free Delivery -32,400.00
TXU CORP COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-73-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 1,800.00 -79,520.00
Free Delivery -22,100.00
ULTIMATE ELECTRS INC COM
Acquisitions 2,200.00 -26,517.72
Dispositions -2,200.00 31,158.77
UN PAC CORP COM
Acquisitions 3,800.00 -224,792.00
Dispositions -5,700.00 354,653.98
Free Delivery -42,200.00
UN PAC RR CO PASS THRU TR PASS THRU CTF SER 1999-A 7.6
DUE 01-02-2020 BEO
Free Delivery -2,981,672.53
Free Receipt 1,490,000.00
UNITEDHEALTH GROUP INC COM
Acquisitions 9,100.00 -838,758.85
Dispositions -16,500.00 1,386,270.00
Free Delivery -48,000.00
UNIVISION COMMUNICATIONS INC CL A
Acquisitions 3,200.00 -71,774.29
Dispositions -1,920.00 48,266.43
Free Delivery -12,080.00
UNOCAL CORP COM
Acquisitions 10,000.00 -307,885.00
Free Delivery -59,900.00
UNUMPROVIDENT CORP COM
Acquisitions 10,500.00 -209,945.65
Free Delivery -39,700.00
UNVL HEALTH SERVICES INC CL B COM
Acquisitions 1,400.00 -64,114.41
Dispositions -7,240.00 384,177.70
Free Delivery -15,560.00
US BANCORP
Acquisitions 3,000.00 -57,463.84
Dispositions -2,200.00 47,540.56
Free Delivery -22,100.00
US TREAS NTS BD INFLATION INDEXED TIPS 3
DUE 07-15-2012 REG
Acquisitions 1,925,000.00 -1,909,850.13
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-74-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -1,445,000.00 1,547,270.23
USA INTERACTIVE COM STK
Acquisitions 1,200.00 -26,034.48
Dispositions -9,000.00 219,481.15
Free Delivery -6,700.00
UTD TECHNOLOGIES CORP COM
Acquisitions 3,300.00 -189,890.83
Dispositions -200.00 12,975.60
Free Delivery -14,000.00
UTD THERAPEUTICS CORP DEL COM STK
Acquisitions 1,300.00 -16,211.89
Dispositions -200.00 3,083.34
UTSTARCOM INC COM
Acquisitions 1,280.00 -16,037.55
Dispositions -5,440.00 95,180.47
Free Delivery -6,990.00
V F CORP COM
Acquisitions 3,500.00 -118,540.50
Free Delivery -27,400.00
VARIAN MED SYS INC COM ISIN #US9222091057
Acquisitions 190.00 -7,535.40
Dispositions -2,450.00 100,189.31
Free Delivery -2,340.00
VERITAS SOFTWARE CORP COM
Acquisitions 4,400.00 -75,369.21
Dispositions -14,620.00 239,651.08
Free Delivery -29,280.00
VERIZON COMMUNICATIONS COM
Acquisitions 4,600.00 -163,373.71
Dispositions -2,300.00 81,980.38
Free Delivery -32,700.00
VIACOM COM CL B
Acquisitions 43,200.00 -1,605,590.97
Dispositions -16,800.00 688,927.57
Free Delivery -93,000.00
VIRAGE LOGIC CORP COM
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-75-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Acquisitions 140.00 -1,160.60
Dispositions -300.00 2,760.93
Free Delivery -1,940.00
VISTEON CORP COM
Acquisitions 4,300.00 -48,081.74
Dispositions -28,400.00 196,380.04
Free Delivery -20,000.00
WACHOVIA CORP 2ND NEW COM
Acquisitions 15,400.00 -521,025.77
Dispositions -11,900.00 376,036.00
Free Delivery -81,600.00
WALGREEN CO COM
Acquisitions 14,500.00 -478,381.12
Dispositions -1,400.00 40,356.43
Free Delivery -76,400.00
WAL-MART STORES INC COM
Acquisitions 30,600.00 -1,532,391.01
Dispositions -10,500.00 550,988.07
Free Delivery -86,300.00
WEATHERFORD INTL LTD
Acquisitions 180.00 -6,580.93
Dispositions -20.00 883.17
Free Delivery -1,160.00
WEBEX INC COM
Acquisitions 3,500.00 -48,612.68
Dispositions -3,500.00 36,184.61
WEBSENSE INC COM STK ISIN# US9476841062
Acquisitions 900.00 -15,624.29
Dispositions -100.00 2,100.93
WELLPOINT HLTH NETWORKS INC CL A (NEW) DELAW EFF 8-4-97
Acquisitions 1,140.00 -86,572.27
Dispositions -9,260.00 691,441.06
Free Delivery -23,180.00
WEYERHAEUSER CO COM
Acquisitions 1,900.00 -99,596.27
Dispositions -5,900.00 289,020.83
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-76-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Free Delivery -9,300.00
WHIRLPOOL CORP COM
Acquisitions 3,700.00 -192,843.50
Free Delivery -24,600.00
WILLIAMS SONOMA INC COM
Acquisitions 770.00 -19,960.66
Dispositions -1,730.00 43,476.22
Free Delivery -1,740.00
WILLIS GROUP HOLDINGS COM
Acquisitions 3,180.00 -96,278.59
Dispositions -1,200.00 40,553.59
Free Delivery -680.00
WIND RIV SYS INC COM
Acquisitions 7,000.00 -32,317.98
Dispositions -7,000.00 34,982.40
WOMEN 1ST HEALTHCARE INC COM
Acquisitions 1,800.00 -9,123.48
Dispositions -2,500.00 13,376.74
Free Delivery -4,370.00
WYETH COM
Acquisitions 57,100.00 -1,984,586.06
Dispositions -38,000.00 1,293,682.14
Free Delivery -51,100.00
XEROX CORP COM
Acquisitions 69,500.00 -418,895.00
Free Delivery -245,700.00
XILINX INC COM
Acquisitions 1,600.00 -32,673.35
Dispositions -5,500.00 111,281.29
Free Delivery -3,100.00
XL CAP LTD SHS A
Acquisitions 3,400.00 -254,878.27
Dispositions -4,800.00 383,460.78
Free Delivery -8,400.00
XTO ENERGY INC COM
Acquisitions 2,100.00 -47,901.15
THE NORTHERN TRUST COMPANY *Generated by The Northern Trust Company from periodic data on 18 Jun 03 C0703
-77-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT ACQUIRED AND DISPOSED OF WITHIN THE PLAN YEAR ENDED DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
Cost of Proceeds of
Security Description Transaction Shares/Par Acquisitions Dispositions
-----------------------------------------------------------------------------------------------------------------------------------
Dispositions -100.00 2,500.39
ZIMMER HLDGS INC COM
Acquisitions 6,700.00 -256,173.05
Dispositions -700.00 28,569.12
ZORAN CORP COM
Acquisitions 2,000.00 -30,109.96
Dispositions -400.00 8,019.75
-78-
MONSANTO SAVINGS AND INVESTMENT PLAN
SUPPLEMENTAL SCHEDULE 3
------------------------------------------------------------------------------
SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE PLAN YEAR ENDED
DECEMBER 31, 2002
-79-
MONSANTO SAVINGS AND INVESTMENT PLAN
SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE PLAN YEAR ENDED DECEMBER 31, 2002
------------------------------------------------------------------------------
5% REPORT - PART A SUMMARY
SINGLE TRANSACTION IN EXCESS OF 5%
There are no reportable transactions
NOTE: TRANSACTIONS ARE BASED ON THE 12/31/01 VALUE (INCLUDING ACCRUALS) OF
MONSANTO CO. PLAN ASSETS OF $1,442,811,597
==============================================================================
5% REPORT - PART B SUMMARY
SERIES OF NON-SECURITY TRANSACTIONS WITH SAME PARTY IN EXCESS OF 5%
There are no reportable transactions
NOTE: TRANSACTIONS ARE BASED ON THE 12/31/01 VALUE (INCLUDING ACCRUALS) OF
MONSANTO CO. PLAN ASSETS OF $1,442,811,597
==============================================================================
5% REPORT - PART C SUMMARY
SERIES OF TRANSACTIONS BY ISSUE IN EXCESS OF 5%
NUMBER OF CURRENT VALUE OF
SECURITY DESCRIPTION TRANSACTIONS PURCHASE PRICE SALE PRICE COST OF ASSET TRANSACTION
MFO FFTW FDS INC U.S. SHORT
TERM PORTFOLIO Total Sales 43 46,270,000.00 46,392,964.35 46,270,000.00
Total Purchases 55 36,722,443.36 36,722,443.36 36,722,443.36
PHARMACIA CORP. STOCK MERGER Total Sales 72 125,250,269.78 48,728,568.41 125,250,269.78
Total Purchases 17 7,104,837.81 7,104,837.81 7,104,837.81
MONSANTO COMPANY Total Sales 23 2,497,972.00 1,806,806.10 2,497,972.00
Total Purchases 59 95,098,109.96 95,098,109.96 95,098,109.96
NOTE: TRANSACTIONS ARE BASED ON THE 12/31/01 VALUE (INCLUDING ACCRUALS) OF
MONSANTO CO. PLAN ASSETS OF $1,442,811,597
==============================================================================
5% REPORT - PART D SUMMARY
SERIES OF TRANSACTIONS WITH SAME PARTY IN EXCESS OF 5%
There are no reportable transactions
NOTE: TRANSACTIONS ARE BASED ON THE 12/31/01 VALUE (INCLUDING ACCRUALS) OF
MONSANTO CO. PLAN ASSETS OF $1,442,811,597
-80-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have
duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
MONSANTO SAVINGS AND INVESTMENT PLAN
By: /s/ WILMA K. SCHOPP
----------------------------------------------
Wilma K. Schopp, Chairperson of the
Monsanto Company Employee Benefits Plan Committee,
Administrator of the Plan
June 26, 2003
-81-
EXHIBIT INDEX
Exhibit
Number Description
------ -----------
23.1 Independent Auditors' Consent
99 Certification Pursuant to 18 U.S.C. Section 1350,
as Adopted Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
-82-