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, 2001
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 19
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, 2001 and 2000
Statements of Changes in Net Assets Available Page 6
for Benefits for the Years Ended
December 31, 2001 and 2000
Notes to Financial Statements Pages 7
through 15
SUPPLEMENTAL SCHEDULES:
----------------------
Schedule of Assets Held at Page 16
End of Year December 31, 2001
Schedule of Nonexempt Transactions for the Year Page 17
Ended December 31, 2001
The following exhibit is being filed herewith:
EXHIBIT NO. DESCRIPTION PAGE NO.
----------- ----------- --------
1 Consent of Independent Public Page 20
Accountants
-2-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
REPORT ON AUDITS OF FINANCIAL STATEMENTS AS OF AND FOR THE
YEARS ENDED DECEMBER 31, 2001 AND 2000 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.................................16
Schedule of Nonexempt Transactions.....................................17
-3-
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,
2001 and 2000, 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, 2001 and 2000, 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, 2002
-4-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
2001 2000
----------- -----------
ASSETS:
Investments $13,647,159 $10,459,813
Cash 243 210,562
Receivable for contributions:
Employer 2,190,604 1,478,660
Participants 80,267 142,024
----------- -----------
Total receivable for contributions 2,270,871 1,620,684
----------- -----------
Due from broker 4,126 3,917
Accrued earnings 6,214 4,493
----------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $15,928,613 $12,299,469
=========== ===========
The accompanying notes are an integral part of these financial statements.
-5-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
2001 2000
------------ ------------
ADDITIONS:
Investment Income:
Net depreciation in fair
value of investments $ (1,262,966) $ (1,096,621)
Mutual funds' earnings 109,018 453,082
Common collective trust's earnings 157,717 127,891
Interest 13,277 6,006
------------ ------------
Total investment loss (982,954) (509,642)
------------ ------------
Contributions:
Employer 2,973,896 1,918,960
Participants 1,775,675 1,114,692
Rollovers 481,752 167,017
------------ ------------
Total contributions 5,231,323 3,200,669
------------ ------------
Total additions 4,248,369 2,691,027
------------ ------------
DEDUCTIONS:
Distributions to participants 647,915 1,272,936
Defaulted participant loans (29,660) 49,372
Administrative expenses 970 2,233
------------ ------------
Total deductions 619,225 1,324,541
------------ ------------
Net increase 3,629,144 1,366,486
Net assets available for plan benefits:
Beginning of year 12,299,469 10,932,983
------------ ------------
End of year $ 15,928,613 $ 12,299,469
============ ============
The accompanying notes are an integral part of these financial statements.
-6-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(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 Plan if they are at least 21 years of age and have completed a year
of employment with 1,000 or more hours of service. Prior to January 1,
2001, employees who had a base salary or wages of $100,000 or more were
not eligible to participate in the 401(k) portion of the Plan.
The Plan was amended effective January 1, 2001, to 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, 2001, 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 (basic deferral). Effective January 1, 2001,
for those participants who have deferred the maximum amount as
permitted under Section 402(g) of the Internal Revenue Code prior to
the Plan's year-end, the Employer may make a catch-up matching
contribution which will be equal to the difference between 100% of the
participant's total basic deferral and the Employers matching
contribution previously made for the plan year. Prior to January 1,
2001, there was not a catch-up matching contribution.
-7-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(1) DESCRIPTION OF THE PLAN (CONTINUED)
PARTICIPANT'S VOLUNTARY CONTRIBUTIONS:
A participant may elect to make a voluntary tax-deferred contribution
of 1% to 15% 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, 2001). This voluntary tax-deferred
contribution may be limited by Section 401(k) of the Internal Revenue
Code.
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.
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.
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.
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.
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.
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.
-8-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(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.
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.
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.
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.
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.
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.
-9-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(1) DESCRIPTION OF THE PLAN (CONTINUED)
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, but less than 2 years 20
2 years, but less than 3 years 40
3 years, but less than 4 years 60
4 years, but less than 5 years 80
5 years or more 100
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.
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
Participants are permitted 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 to be 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.
-10-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(1) DESCRIPTION OF THE PLAN (CONTINUED)
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 $1,215 and $1,619 as of
December 31, 2001 and 2000, respectively.
FORFEITURES
Forfeitures are used to reduce the Employer's required contributions.
Forfeitures of $216,940 and $88,133 were used to reduce contributions
for the years ended December 31, 2001 and 2000, respectively.
EXPENSES
Administrative expenses may be paid by the Plan unless the Employer
elects to pay such expenses. Administrative expenses of the Plan for
2001 and 2000 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.
ESTIMATES
The Plan prepares its financial statements in conformity with
accounting principles generally accepted in the United States, 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.
-11-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(2) SUMMARY OF ACCOUNTING POLICIES (CONTINUED)
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.
-12-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(3) INVESTMENTS
The Plan's investments are held by Merrill Lynch Trust Company, as
trustee of the Plan. The following table presents balances as of
December 31, 2001 and 2000 for the Plan's current investment options.
Investments that represent 5 percent or more of the Plan's net assets
are separately identified.
2001 2000
------------ ------------
Investments at fair value as determined by:
QUOTED MARKET PRICE:
Common stock:
Abercrombie & Fitch Co., Class A $ 799,605 $ 541,485
------------ ------------
Mutual funds:
Merrill Lynch Fundamental Growth
Fund, Class D 3,265,440 3,332,826
Merrill Lynch S&P 500 Index Fund,
Class A 3,196,638 2,711,250
Van Kampen Emerging Growth
Fund, Class A 893,979 484,814
Other 2,064,432 1,063,985
------------ ------------
Total mutual funds 9,420,489 7,592,875
------------ ------------
Total quoted market price 10,220,094 8,134,360
------------ ------------
ESTIMATED FAIR VALUE:
Common collective trust:
Merrill Lynch Retirement Preservation
Trust 3,284,570 2,269,754
Participant loans 162,207 105,071
Reserve for defaulted loans (19,712) (49,372)
------------ ------------
Total estimated fair value 3,427,065 2,325,453
------------ ------------
Total investments at fair value $ 13,647,159 $ 10,459,813
============ ============
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, 2001 and 2000, is set forth
below:
2001 2000
----------- -----------
Investments at fair value as determined by:
QUOTED MARKET PRICE:
Common stock $ 165,717 $ (19,800)
Mutual funds (1,428,683) (1,076,821)
----------- -----------
$(1,262,966) $(1,096,621)
=========== ===========
-13-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(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. The Plan has been amended since receiving the determination
letter. However, the Plan administrator and the Plan's tax counsel
believe that the Plan is designed and is currently being operated in
compliance with the applicable requirements 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.
(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.
-14-
ABERCROMBIE & FITCH CO. SAVINGS AND RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
(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:
2001 2000
----------- -----------
Net Assets Available for Benefits
Per the Financial Statements $15,928,613 $12,299,469
Amounts Allocated to Withdrawing
Participants (1,215) (1,619)
----------- -----------
Net Assets Available for Benefits
Per Form 5500 $15,927,398 $12,297,850
=========== ===========
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 $ 647,915
Amounts Allocated to Withdrawing Participants:
At December 31, 2001 1,215
At December 31, 2000
(1,619)
-----------
Benefits Paid to Participants Per Form 5500 $ 647,511
===========
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.
-15-
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, 2001
--------------------------------------------------------------------------------
(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 - 30,139.6397 shares $ 799,605
* Merrill Lynch Retirement Common collective trust - 3,284,569.8899 3,284,570
Preservation Trust shares
* Merrill Lynch S&P 500 Index Fund, Mutual fund - 227,033.9887 shares 3,196,638
Class A
* Merrill Lynch Fundamental Growth Mutual fund - 182,835.3884 shares 3,265,440
Fund, Class D
* Merrill Lynch Basic Value Fund, Mutual fund - 18,138.071 shares 529,450
Class D
Dreyfus Premier Balanced Fund, Mutual fund - 42,963.6101 shares 558,527
Class A
Pimco Total Return Fund, Class A Mutual fund - 43,427.6246 shares 454,253
Lord Abbett Developing Growth Mutual fund - 11,719.9824 shares 177,089
Fund, Class P
Van Kampen Emerging Growth Fund, Mutual fund - 21,124.2601 shares 893,979
Class A
Pilgrim International Value Fund, Mutual fund - 26,836.1598 shares 345,113
Class A
Participant Loans Interest 6.5% - 10.5% 142,495
* 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.
-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, 2001
(a) Identity of party involved (b) Relationship to plan, employer, 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 $45,602 were not timely deposited in the trust. The Plan
sponsor calculated lost earnings related to the delay in transmitting the funds
and contributed the lost earnings to the Plan. The Plan sponsor filed the Form
5330 and paid the excise tax based on the lost earnings calculation.
(d) Purchase Price (e) Selling price (f) Lease rental (g) Expenses incurred in
connection with transaction
-------------------------- ------------------------- --------------------------- ------------------------------------
None None None None
(h)Cost of asset (i) Current value of (j) Net gain or (loss) on
asset each transaction
-------------------------- ------------------------- ---------------------------
None None None
-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 11, 2002 By: /s/ Seth R. Johnson
----------------------------------
Seth R. Johnson, Chairman of the
Benefits Administrative Committee
-18-
ABERCROMBIE & FITCH CO.
SAVINGS AND RETIREMENT PLAN
ANNUAL REPORT ON FORM 11-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2001
INDEX TO EXHIBITS
-----------------
EXHIBIT NO. DESCRIPTION PAGE NO.
----------- ----------- --------
1 Consent of Independent Public Accountants 20
-19-