1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____________ to ___________
Commission file number 333-60203
A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:
Abercrombie & Fitch Co.
Savings and Retirement Plan
B. Name of issuer of the securities held pursuant to the plan
and the address of its principal executive office:
Abercrombie & Fitch Co.
6301 Fitch Path
New Albany, Ohio 43054
Index to Exhibits on page 18
2
REQUIRED INFORMATION
--------------------
The following financial statements and supplemental schedules
for the Abercrombie & Fitch Co. Savings and Retirement Plan are being filed
herewith:
Description Page No.
----------- --------
Index to Financial Statements Page 3.
Audited Financial Statements:
----------------------------
Report of Independent Public Accountants Page 4.
Statements of Net Assets Available for Page 5.
Benefits at December 31, 2000 and 1999
Statements of Changes in Net Assets Available Page 6.
for Benefits for the Years Ended
December 31, 2000 and 1999
Notes to Financial Statements Pages 7
through 14.
Supplemental Schedules:
----------------------
Schedule of Assets Held at Page 15.
End of Year December 31, 2000
Schedule of Nonexempt Transactions for the Year Page 16.
Ended December 31, 2000
The following exhibit is being filed herewith:
Exhibit No. Description Page No.
----------- ----------- --------
1 Consent of Independent Public Page 19.
Accountants
-2-
3
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
REPORT ON AUDITS OF FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
AND SUPPLEMENTAL SCHEDULES
INDEX TO FINANCIAL STATEMENTS
Report of Independent Public Accountants...............................4
FINANCIAL STATEMENTS
Statements of Net Assets Available for Benefits........................5
Statements of Changes in Net Assets Available for Benefits.............6
Notes to Financial Statements..........................................7
SUPPLEMENTAL SCHEDULES
Schedule of Assets Held at End of Year.................................15
Schedule of Nonexempt Transactions.....................................16
-3-
4
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors of
Abercrombie & Fitch Co. and the
Plan Administrator of the Abercrombie
& Fitch Co. Savings and Retirement Plan:
We have audited the accompanying statements of net assets available for benefits
of the Abercrombie & Fitch Co. Savings and Retirement Plan as of December 31,
2000 and 1999, and the related statements of changes in net assets available for
benefits for the years then ended. 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. Those standards require that we plan and perform the
audits 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, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as of
December 31, 2000 and 1999, and the changes in net assets available for benefits
for the years then ended, in conformity with accounting principles generally
accepted in the United States.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets held
at end of year and schedule of nonexempt transactions are presented for the
purpose of additional analysis and are not a required part of the basic
financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. These supplemental
schedules have been subjected to the auditing procedures applied in the audits
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
/S/ ARY & ROEPCKE
Columbus, Ohio
June 26, 2001.
-4-
5
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2000 AND 1999
2000 1999
----------- -----------
ASSETS:
Investments $10,459,813 $ 9,593,815
Cash 210,562 12,485
Receivable for contributions:
Employer 1,478,660 1,239,182
Participants 142,024 87,154
----------- -----------
Total receivable for contributions 1,620,684 1,326,336
----------- -----------
Due from broker 3,917 --
Accrued earnings 4,493 347
----------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $12,299,469 $10,932,983
=========== ===========
The accompanying notes are an integral part of these financial statements.
-5-
6
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
2000 1999
------------ -----------
ADDITIONS:
Investment Income:
Net appreciation (depreciation)
in fair value of investments $ (1,096,621) $ 1,261,484
Mutual funds' earnings 453,082 437,498
Common collective trust's earnings 127,891 29,784
Dividends -- 10,680
Interest 6,006 718
------------ -----------
Total investment income (loss) (509,642) 1,740,164
------------ -----------
Contributions:
Employer 1,918,960 1,600,188
Participants 1,281,709 936,363
------------ -----------
Total contributions 3,200,669 2,536,551
------------ -----------
Total additions 2,691,027 4,276,715
------------ -----------
DEDUCTIONS:
Distributions to participants 1,272,936 2,246,577
Defaulted participant loans 49,372 --
Administrative expenses 2,233 450
------------ -----------
Total deductions 1,324,541 2,247,027
------------ -----------
Net increase 1,366,486 2,029,688
Net assets available for plan benefits:
Beginning of year 10,932,983 8,903,295
------------ -----------
End of year $ 12,299,469 $10,932,983
============ ===========
The accompanying notes are an integral part of these financial statements.
-6-
7
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
(1) DESCRIPTION OF THE PLAN
GENERAL
The Abercrombie & Fitch Co. Savings and Retirement Plan (the "Plan") is
a defined contribution plan covering certain employees of Abercrombie &
Fitch Co. (the "Employer"). Employees are eligible to participate in
the 401(k) portion of the Plan if they have a base salary or wages less
than $100,000, are at least 21 years of age and have completed 1,000 or
more hours of service during their first consecutive twelve months of
employment or any calendar year beginning in or after their first
consecutive twelve months of employment. Employees are eligible to
participate in the retirement portion of the Plan if they are at least
21 years of age and have completed 1,000 or more hours of service
during their first consecutive twelve months of employment or any
calendar year beginning in or after their first consecutive twelve
months of employment. Prior to the Plan being amended in 1999, the
eligibility requirement for the 401(k) portion of the Plan was the same
as that for the retirement portion.
The Plan was amended and restated effective December 1, 1999, to among
other things 1) allow participant loans as noted under Participant
Loans, 2) allow participants to make voluntary tax-deferred
contributions up to 12%, and 3) change the eligibility for the 401(k)
portion of the Plan as noted above.
The following description of 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 is subject to
the provisions of the Employee Retirement Income Security Act of 1974
(ERISA) as amended.
CONTRIBUTIONS
EMPLOYER'S CONTRIBUTION:
The Employer may provide a non-service related retirement contribution
of 4% of annual compensation up to the Social Security wage base and 7%
of annual compensation thereafter, and a service related retirement
contribution of 1% of annual compensation for participants who have
completed five or more years of vesting service as of the last day of
the Plan year. Participants who complete 500 hours of service during
the Plan year and are participants on the last day of the Plan year are
eligible. The annual compensation of each participant taken into
account under the Plan is limited to the maximum amount permitted under
Section 401(a)(17) of the Internal Revenue Code. The annual
compensation limit for the Plan year ended December 31, 2000, was
$170,000.
The Employer may also provide a matching contribution of 100% of the
participant's voluntary contributions up to 3% of the participant's
total annual compensation.
-7-
8
(1) DESCRIPTION OF THE PLAN (CONTINUED)
PARTICIPANT'S VOLUNTARY CONTRIBUTIONS:
A participant may elect to make a voluntary tax-deferred contribution
of 1% to 12% of his or her annual compensation up to the maximum
permitted under Section 402(g) of the Internal Revenue Code adjusted
annually ($10,500 at December 31, 2000). This voluntary tax-deferred
contribution may be limited by Section 401(k) of the Internal Revenue
Code. Prior to December 1, 1999, a participant was permitted to make
voluntary tax-deferred contributions up to 6%.
CURRENT INVESTMENT OPTIONS
Abercrombie & Fitch Co. Common Stock Fund - invests primarily in the
Class A Common Stock of Abercrombie & Fitch Co. The goal of the fund is
capital growth and dividend income.
Merrill Lynch Retirement Preservation Trust - a common collective
trust, a portfolio of guaranteed investment contracts, U.S. Treasury
securities, and money market funds. The goal of the fund is to provide
preservation of principal and income while maximizing current income.
This investment option was not available until October 1, 1999.
Pimco Total Return Fund, Class A - a mutual fund investing primarily in
investment grade debt securities, but may invest up to 10% of its
assets in high yield securities ("junk bonds"). The fund may invest up
to 20% of its assets in securities denominated in foreign currencies,
and may invest beyond this limit in U.S. dollar-denominated securities
of foreign issuers. The goal of the fund is to seek maximum total
return, consistent with preservation of capital and prudent investment
management. This investment option was not available until October 1,
1999.
Merrill Lynch S&P 500 Index Fund, Class A - a mutual fund investing
primarily in the common stocks represented in the Standard & Poor's S&P
500 ("S&P 500") in roughly the same proportions as their weighting in
the S&P 500. The goal of the fund is to match the performance of the
S&P 500. This investment option was not available until October 1,
1999.
Lord Abbett Developing Growth Fund, Class P - a mutual fund investing
primarily in common stocks of companies with above average, long-term
growth potential, particularly smaller companies considered being in
the developing growth phase. The goal of the fund is long-term growth
of capital. This investment option was not available until October 1,
1999.
Van Kampen Emerging Growth Fund, Class A - a mutual fund investing
primarily in common stocks of emerging growth companies, both domestic
and foreign. The goal of the fund is capital appreciation. This
investment option was not available until October 1, 1999.
Merrill Lynch Fundamental Growth Fund, Class D - a mutual fund
investing primarily in common stocks of U.S. companies that are
believed to have shown above-average rates of growth earnings over the
long-term. The goal of the fund is long-term growth of capital. This
investment option was not available until October 1, 1999.
-8-
9
(1) DESCRIPTION OF THE PLAN (CONTINUED)
Pilgrim International Value Fund, Class A - a mutual fund investing
primarily in foreign companies with market capitalizations greater than
$1 billion, but may hold up to 25% of its assets in companies with
smaller market capitalizations. The goal of the fund is long-term
capital appreciation. This investment option was not available until
October 1, 1999.
Merrill Lynch Basic Value Fund, Class D - a mutual fund investing
primarily in common stocks of U.S. companies that are believed to be
undervalued. The goal of the fund is to seek capital appreciation and,
secondarily, income. This investment option was not available until
October 1, 1999.
Dreyfus Premier Balanced Fund, Class A - a mutual fund investing in a
diversified mix of stocks and investment grade bonds of both U.S. and
foreign issuers. The goal of the fund is to outperform a hybrid fund,
60% of which is the S&P 500 and 40% of which is the Lehman Brothers
Intermediate Government/Corporate Bond Index. This investment option
was not available until October 1, 1999.
GoalManager Conservative Model - a model portfolio composed of
investment options from the Plan. The portfolio is rebalanced on a
quarterly basis, through purchases and sales of the investment options
in each portfolio, to their original asset mix. This model invests 80%
of its assets in the Merrill Lynch Retirement Preservation Trust and
20% in the various stock funds. The goal of the fund is to provide
preservation of principal and income while maximizing current income.
This investment option was not available until October 1, 1999.
GoalManager Moderate Model - a model portfolio composed of investment
options from the Plan. The portfolio is rebalanced on a quarterly
basis, through purchases and sales of the investment options in each
portfolio, to their original asset mix. This model invests 50% of its
assets in the Merrill Lynch Retirement Preservation Trust and 50% in
the various stock funds. The goal of the fund is to balance income and
growth. This investment option was not available until October 1, 1999.
GoalManager Aggressive Model - a model portfolio composed of investment
options from the Plan. The portfolio is rebalanced on a quarterly
basis, through purchases and sales of the investment options in each
portfolio, to their original asset mix. This model invests 20% of its
assets in the Merrill Lynch Retirement Preservation Trust and 80% in
the various stock funds. The goal of the fund is the growth of capital.
This investment option was not available until October 1, 1999.
DISCONTINUED INVESTMENT OPTIONS
Vanguard Retirement Savings Trust Fund - a mutual fund investing in
investment contracts issued by insurance companies and banks. The goal
of the fund is to provide preservation of principal and income while
maximizing current income. This investment option is no longer
available after September 30, 1999.
-9-
10
(1) DESCRIPTION OF THE PLAN (CONTINUED)
Vanguard Index 500 Portfolio Fund - a mutual fund investing in the 500
stocks that comprise the S&P 500 in proportion to their weighting in
the index. The goal of the fund is long-term growth of capital and
income from dividends. This investment option is no longer available
after September 30, 1999.
Vanguard U.S. Growth Fund - a mutual fund investing primarily in
large-capitalization stocks of seasoned U.S. companies with records of
growth. The goal of the fund is long-term capital growth. This
investment option is no longer available after September 30, 1999.
Vanguard Wellington Fund - a mutual fund investing 60-70% in the stocks
of well-established companies and 30-40% in long-term maturity
corporate bonds, Treasury Bonds and mortgage securities. The goal of
the fund is current income and long-term growth of capital. This
investment option is no longer available after September 30, 1999.
Limited, Inc. Stock Fund and Intimate Brands Stock Fund were
established due to a tax-free exchange offer (the "Exchange Offer") on
May 19, 1998, establishing the Employer as an independent company. No
additional contributions were allowed to these funds and during 1999,
they were liquidated and the proceeds were reinvested based on
participants' investment elections.
VESTING
A participant is fully and immediately vested for voluntary and
rollover contributions and is credited with a year of vesting service
in the Employer's contributions for each Plan year that the participant
is credited with at least 500 hours of service. A summary of vesting
percentages in the Employer's contributions follows:
Years of Vested Service Percentage
----------------------- ----------
Less than 1 year 0%
1 year 20
2 years 40
3 years 60
4 years 80
5 years 100
Prior to December 1, 1999, the vesting schedule was the seven year
graduated method.
PAYMENT OF BENEFITS
The full value of a participant's account becomes payable upon
retirement, disability, or death. Upon termination of employment for
any other reason, a participant's account to the extent vested, becomes
payable. Those participants with vested account balances greater than
$5,000 have the option of leaving their accounts invested in the Plan
until age 65. All benefits will be paid as a lump-sum distribution.
Those participants holding shares of Employer Securities will have the
option of receiving such amounts in whole shares of Employer Securities
and cash for any fractional shares. Participants have the option of
having their benefit paid directly to an eligible retirement plan
specified by the participant.
-10-
11
(1) DESCRIPTION OF THE PLAN (CONTINUED)
A participant who is fully vested in his or her account and who has
participated in the Plan for at least five years may obtain an
in-service withdrawal from his or her account based on the percentage
amounts designated by the Plan. A participant may also request a
hardship distribution due to an immediate and heavy financial need
based on the terms of the Plan.
PARTICIPANT LOANS
Effective December 1, 1999, the Plan was amended to allow participants
to borrow from their account the lesser of $50,000 or 50% of the vested
balance of their account for a term of not more than five years, except
where the proceeds of the loan are used to purchase the principal
residence of the participant, in which case the loan may be for no more
than twenty years. All loans become due and payable in full upon a
participant's termination of employment with the employer unless
arrangements are made that the loan is repaid by direct deposit to the
Trustee from a checking account of the borrower. The borrowing
constitutes a separate earmarked investment of the participant's
account. Interest on the borrowing is based on the customary rate for
similar loans within the geographic area in which the Plan is
administered.
AMOUNTS ALLOCATED TO PARTICIPANTS WITHDRAWN FROM THE PLAN
The vested portion of net assets available for benefits allocated to
participants withdrawn from the plan was $1,619 and $12,681 as of
December 31, 2000 and 1999, respectively.
FORFEITURES
Forfeitures are used to reduce the Employer's required contributions.
Forfeitures of $88,133 were used to reduce contributions for the
period ended December 31, 2000, with none being used during 1999.
EXPENSES
Administrative expenses may be paid by the Plan unless the Employer
elects to pay such expenses. Administrative expenses of the Plan for
2000 and 1999 were paid by the Employer except for the loan
administration fee, which is allocated to the borrowing participant's
account.
Brokerage fees, transfer taxes, and other expenses incurred in
connection with the investment of the Plan's assets will be added to
the cost of such investments or deducted from the proceeds thereof, as
the case may be.
(2) SUMMARY OF ACCOUNTING POLICIES
BASIS OF PRESENTATION
The accompanying financial statements have been prepared on the accrual
basis of accounting, including investment valuation and income
recognition.
-11-
12
(2) SUMMARY OF ACCOUNTING POLICIES (CONTINUED)
ESTIMATES
The Plan prepares its financial statements in conformity with generally
accepted accounting principles, which requires management to make
estimates and assumptions that affect the reported amounts of net
assets available for plan benefits at the date of the financial
statements and the changes in net assets available for plan benefits
during the reporting period and, when applicable, disclosures of
contingent assets and liabilities at the date of the financial
statements. Actual results could differ from these estimates.
RISKS
The Plan provides for the various investment options as described in
note 1. Any investment is exposed to various risks, such as interest
rate, market and credit. These risks could result in a material effect
on participants' account balances and the amounts reported in the
statements of net assets available for benefits and the statements of
changes in net assets available for benefits.
INCOME RECOGNITION
Purchases and sales of securities are recorded on a trade-date basis.
Interest income is recorded on the accrual basis. Dividends are
recorded on the ex-dividend date.
INVESTMENT VALUATION
Mutual funds are stated at fair value as determined by quoted market
prices, which represents the net asset value of shares held by the Plan
at year end. Common stocks are valued as determined by quoted market
price. The common collective trusts are valued on a daily basis. The
value of each unit is determined by subtracting total liabilities from
the total value of the assets, including accrued income, and dividing
the amount remaining by the number of units outstanding on the
valuation date.
NET APPRECIATION (DEPRECIATION) IN FAIR VALUE OF INVESTMENTS
Net realized and unrealized appreciation (depreciation) is recorded in
the accompanying statements of changes in net assets available for
benefits as net appreciation (depreciation) in fair value of
investments.
BENEFIT PAYMENTS
Benefits are recorded when paid.
(3) INVESTMENTS
The Plan's investments are held by Merrill Lynch Trust Company, as
trustee of the Plan. Prior to October 1, 1999, the Plan's investments
were held by The Chase Manhattan Bank, as trustee of the Plan. The
following table presents balances as of December 31, 2000 and 1999 for
the Plan's current investment options. Investments that represent 5
percent or more of the Plan's net assets are separately identified.
-12-
13
(3) INVESTMENTS (CONTINUED)
2000 1999
------------ ----------
Investments at fair value as determined by:
QUOTED MARKET PRICE:
Common stock:
Abercrombie & Fitch Co., Class A $ 541,485 $ 466,568
------------ ----------
Mutual funds:
Merrill Lynch Fundamental Growth
Fund, Class D 3,332,826 3,487,998
Merrill Lynch S&P 500 Index Fund,
Class A 2,711,250 2,763,983
Dreyfus Premier Balanced Fund, Class A 536,133 555,917
Other 1,012,666 259,669
------------ ----------
Total mutual funds 7,592,875 7,067,567
------------ ----------
Total quoted market price 8,134,360 7,534,135
------------ ----------
ESTIMATED FAIR VALUE:
Common collective trust:
Merrill Lynch Retirement Preservation
Trust 2,269,754 1,993,381
Participant loans 105,071 66,299
Reserve for defaulted loans (49,372) --
------------ ----------
Total estimated fair value 2,325,453 2,059,680
------------ ----------
Total investments at fair value $ 10,459,813 $9,593,815
============ ==========
Net appreciation (depreciation) in the fair value of the Plan's
investments (including investments bought, sold, and held during the
year) for the years ended December 31, 2000 and 1999, is set forth
below:
2000 1999
------------ ----------
Investments at fair value as determined by:
QUOTED MARKET PRICE:
Common stock $ (19,800) $ 344,672
Mutual funds (1,076,821) 916,812
------------ ----------
$ (1,096,621) $1,261,484
============ ==========
(4) TAX STATUS
The Internal Revenue Service has determined and informed the Employer
by a letter dated October 3, 2000, that the Plan and related trust are
designed in accordance with applicable sections of the Internal Revenue
Code.
(5) PLAN ADMINISTRATION
A Committee, the members of which are appointed by the Board of
Directors of the Employer, administers the Plan.
-13-
14
(6) PLAN TERMINATION
Although the Employer has not expressed any intent to do so, the
Employer has the right under the Plan to discontinue their
contributions at any time. Abercrombie & Fitch Co. has the right at any
time, by action of its Board of Directors, to terminate the Plan
subject to provisions of ERISA. Upon Plan termination or partial
termination, participants will become fully vested in their accounts.
(7) PARTIES-IN-INTEREST
Merrill Lynch Trust Company, trustee of the Plan and its subsidiaries
and affiliates, maintain and manage certain of the investments of the
Plan for which the Plan is charged.
(8) RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits
per the financial statements to Form 5500:
2000 1999
------------ ------------
Net Assets Available for Benefits
Per the Financial Statements $ 12,299,469 $ 10,932,983
Amounts Allocated to Withdrawing
Participants (1,619) (12,681)
------------ ------------
Net Assets Available for Benefits
Per Form 5500 $ 12,297,850 $ 10,920,302
============ ============
The following is a reconciliation of benefits paid to participants per
the financial statements to Form 5500:
Benefits Paid to Participants Per the Financial
Statements $ 1,272,936
Amounts Allocated to Withdrawing Participants:
At December 31, 2000 1,619
At December 31, 1999 (12,681)
------------
Benefits Paid to Participants Per Form 5500 $ 1,261,874
============
Amounts allocated to withdrawing participants are recorded on Form 5500
for benefit claims that have been processed and approved for payment
prior to December 31 but not yet paid as of that date.
-14-
15
SCHEDULE I
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
EIN #31-1469076 PLAN #001
SCHEDULE H - LINE 4I
SCHEDULE OF ASSETS HELD AT END OF YEAR
DECEMBER 31, 2000
(a) (b) (c) (d) (e)
Description of
investment including
Identity of issuer, maturity date, rate (1)
borrower, lessor, or of interest, collateral, Current
similar party par or maturity value Cost Value
-------------------------------- --------------------------------- ---- ----------
* Abercrombie & Fitch Co., Class A Common stock - 27,074.2721 shares $ 541,485
* Merrill Lynch Retirement Common collective trust - 2,269,754.100 2,269,754
Preservation Trust shares
* Merrill Lynch S&P 500 Index Fund, Mutual fund - 167,567.960 shares 2,711,250
Class A
* Merrill Lynch Fundamental Growth Mutual fund - 149,992.1505 shares 3,332,826
Fund, Class D
* Merrill Lynch Basic Value Fund, Mutual fund - 6,688.9339 shares 218,862
Class D
Dreyfus Premier Balanced Fund, Mutual fund - 36,746.6232 shares 536,133
Class A
Pimco Total Return Fund, Class A Mutual fund - 5,584.6748 shares 59,064
Lord Abbett Developing Growth Mutual fund - 5,030.0193 shares 81,688
Fund, Class P
Van Kampen Emerging Growth Fund, Mutual fund - 7,722.4315 shares 484,814
Class A
Pilgrim International Value Fund, Mutual fund - 11,032.0085 shares 168,238
Class A
Participant Loans Interest 9.5% - 10.5% 55,699
* Represents a party-in-interest
(1) Cost information omitted - investment is part of an individual account
plan that a participant or beneficiary directed with respect to assets
allocated to his or her account.
-15-
16
SCHEDULE II
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
EIN #31-1469076 PLAN #001
SCHEDULE G - PART III
SCHEDULE OF NONEXEMPT TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 2000
(b) Relationship to plan, employer,
(a) Identity of party involved or other party-in-interest
---------------------------------- ----------------------------------------
Abercrombie & Fitch Co. Plan sponsor
(c) Description of transactions including maturity date, rate of interest,
collateral, par or maturity value
--------------------------------------------------------------------------------
Employee deferrals of $127,765 were not timely deposited in the trust. The Plan
sponsor has hired an outside consulting firm to calculate lost earnings related
to the delay in transmitting the funds. The Plan sponsor intends to file the
Form 5330 and pay the excise tax based on the lost earnings calculation.
(g) Expenses incurred
in connection with
(d) Purchase Price (e) Selling price (f) Lease rental transaction
------------------------- ------------------------ --------------------------- -----------------------------------
None None None None
(i) Current value of (j) Net gain or (loss) on
(h) Cost of asset asset each transaction
------------------------- ------------------------ ---------------------------
None None None
-16-
17
SIGNATURES
The Plan. 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.
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
Date: July 13, 2001 By: /S/ Seth R. Johnson
----------------------------------
Seth R. Johnson, Chairman of the
Benefits Administrative Committee
-17-
18
ABERCROMBIE & FITCH CO.
SAVINGS AND RETIREMENT PLAN
ANNUAL REPORT ON FORM 11-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2000
INDEX TO EXHIBITS
-----------------
Exhibit No. Description Page No.
----------- ----------- --------
1 Consent of Independent Public Page 19.
Accountants
-18-