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, 2001
OR
_____ Transition Report Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
A. Full title of the plan and the address of the plan,
if different from the issuer named below:
Aon Savings Plan
B. Name of the issuer of the securities held pursuant to
the plan and the address of its principal executive
office:
Aon Corporation
200 E. Randolph Drive
Chicago, Illinois 60601
S I G N A T U R E S
Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan,
by the Plan Administrator, the Committee, has caused this annual report to be
signed on its behalf by the undersigned, thereunto duly authorized, in the
County of Cook and the State of Illinois on the 25th day of June, 2002.
AON SAVINGS PLAN
BY THE COMMITTEE
/s/ THOMAS STACHURA /s/ JOHN A. RESCHKE
------------------------ ----------------------
Thomas Stachura John A. Reschke
/s/ NANCY GROSS /s/ ROBERT S. HURWITZ
------------------------ ----------------------
Nancy Gross Robert S. Hurwitz
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
AON SAVINGS PLAN
Years Ended December 31, 2001 and 2000
With Report of Independent Auditors
Employer Identification Number 36-3051915
Plan # 020
AON SAVINGS PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
Years ended December 31, 2001 and 2000
CONTENTS
Report of Independent Auditors 1
Financial Statements
Statement of Assets Available for Benefits
at December 31, 2001 2
Statement of Assets Available for Benefits
at December 31, 2000 3
Statement of Changes in Assets Available for Benefits
for the year ended December 31, 2001 4
Statement of Changes in Assets Available for Benefits
for the year ended December 31, 2000 5
Notes to Financial Statements 6
Supplemental Schedule:
Schedule H, Line 4i - Schedule of Assets (Held At
End of Year) 13
Report of Independent Auditors
The Participants and Administrative Committee
Aon Savings Plan
We have audited the accompanying statements of assets available for benefits of
Aon Savings Plan as of December 31, 2001 and 2000, and the related statements of
changes in 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 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 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 assets available for benefits of the Plan at December
31, 2001 and 2000, and the changes in its 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 accompanying supplemental schedule of
assets (held at end of year) as of December 31, 2001, is presented for purposes
of additional analysis and is not a required part of the financial statements,
but is 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. This supplemental schedule is the responsibility of the
Plan's management. The supplemental schedule has been subjected to the auditing
procedures applied in our audits of the basic financial statements and, in our
opinion, is fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
Chicago, Illinois Ernst & Young LLP
June 4, 2002
Employer Plan Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
STATEMENT OF ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2001
(in thousands)
-------------------------------------------------------
ESOP
SAVINGS ALLOCATED
ASSETS: PLAN ACCOUNT TOTAL
---------------- ---------------- ---------------
Investments, at Fair Value:
Aon Corporation Common Stock $ 262,108 $ 202,435 $ 464,543
Other Common and Preferred Stocks 5,081 - 5,081
Investments held in Mutual Funds:
Aon Money Market Fund 264,987 - 264,987
Aon Government Securities Fund 49,054 - 49,054
Aon Asset Allocation Fund 136,943 - 136,943
Vanguard REIT Index Fund 26,084 - 26,084
Vanguard Admiral Intermediate Term Treasury Fund 12,401 - 12,401
INVESCO Dynamics Fund 21,024 - 21,024
IRT 500 Index Fund 236,815 - 236,815
IRT Core-Balanced Fund 3,773 - 3,773
IRT International Equity Fund 32,212 - 32,212
Dodge & Cox Common Stock Fund 31,868 - 31,868
PIMCO Total Return Fund 14,638 - 14,638
Montag & Caldwell Growth Fund 7,387 - 7,387
Managers Special Equity Fund 13,151 - 13,151
Templeton Emerging Markets Fund 936 - 936
Other Mutual Funds 1,119 - 1,119
Short-Term Investment Funds 1,626 - 1,626
Participant Loans 19,269 - 19,269
---------------- ---------------- ---------------
1,140,476 202,435 1,342,911
Company Contribution Receivable 26,402 16,257 42,659
---------------- ---------------- ---------------
TOTAL ASSETS AVAILABLE FOR BENEFITS $ 1,166,878 $ 218,692 $ 1,385,570
================ ================ ===============
See notes to financial statements.
- 2 -
Employer Plan Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
STATEMENT OF ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2000
(in thousands)
-------------------------------------------------------
ESOP
SAVINGS ALLOCATED
ASSETS: PLAN ACCOUNT TOTAL
---------------- ---------------- ---------------
Investments, at Fair Value:
Aon Corporation Common Stock $ 304,679 $ 199,627 $ 504,306
Other Common and Preferred Stocks 2,828 - 2,828
Investments held in Mutual Funds:
Aon Money Market Fund 237,223 - 237,223
Aon Government Securities Fund 40,031 - 40,031
Aon Asset Allocation Fund 168,100 - 168,100
Aon REIT Index Fund 22,991 - 22,991
INVESCO Dynamics Fund 20,165 - 20,165
IRT 500 Index Fund 274,332 - 274,332
IRT Core-Balanced Fund 1,878 - 1,878
IRT International Equity Fund 39,674 - 39,674
Dodge & Cox Common Stock Fund 4,065 - 4,065
PIMCO Total Return Fund 4,064 - 4,064
Montag & Caldwell Growth Fund 3,218 - 3,218
Managers Special Equity Fund 9,268 - 9,268
Templeton Emerging Markets Fund 304 - 304
Vanguard Admiral Intermediate Term Treasury Fund 3,468 - 3,468
Other Mutual Funds 729 - 729
Short-Term Investment Funds 2,573 - 2,573
Participant Loans 20,293 - 20,293
---------------- ---------------- ---------------
1,159,883 199,627 1,359,510
Company Contribution Receivable 24,253 14,915 39,168
---------------- ---------------- ---------------
TOTAL ASSETS AVAILABLE FOR BENEFITS $ 1,184,136 $ 214,542 $ 1,398,678
================ ================ ===============
See notes to financial statements.
- 3 -
Employer Plan Identification # 36-3051915
Plan #020
AON SAVINGS PLAN
STATEMENT OF CHANGES IN ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2001
(in thousands)
------------------------------------------------------------------------
ESOP
SAVINGS ALLOCATED
PLAN ACCOUNT TOTAL
-------------- -------------- --------------
NET INVESTMENT INCOME (LOSS)
Interest Income $ 1,760 $ 2 $ 1,762
Net Realized and Unrealized Appreciation
(Depreciation) in Fair Value of Investments (53,748) 6,396 (47,352)
Aon Corporation Dividends 7,231 5,212 12,443
Other Dividends 18,464 - 18,464
Management and Administrative Fees (1,817) (162) (1,979)
-------------- -------------- --------------
TOTAL NET INVESTMENT INCOME (LOSS) (28,110) 11,448 (16,662)
CONTRIBUTIONS
Company 26,402 16,257 42,659
Participants 75,186 - 75,186
Rollovers 15,045 - 15,045
-------------- -------------- --------------
TOTAL CONTRIBUTIONS 116,633 16,257 132,890
ALLOCATIONS
ESOP Diversification 493 (493) -
-------------- -------------- --------------
TOTAL ALLOCATIONS 493 (493) -
OTHER CHANGES
Benefit Payments (120,094) (23,062) (143,156)
Plan Mergers 13,820 - 13,820
-------------- -------------- --------------
TOTAL OTHER CHANGES (106,274) (23,062) (129,336)
-------------- -------------- --------------
NET INCREASE (DECREASE) IN ASSETS AVAILABLE
FOR BENEFITS (17,258) 4,150 (13,108)
ASSETS AVAILABLE FOR BENEFITS
AT BEGINNING OF YEAR 1,184,136 214,542 1,398,678
-------------- -------------- --------------
ASSETS AVAILABLE FOR BENEFITS
AT END OF YEAR $ 1,166,878 $ 218,692 $ 1,385,570
============== ============== ==============
See notes to financial statements.
- 4 -
Employer Plan Identification # 36-3051915
Plan #020
AON SAVINGS PLAN
STATEMENT OF CHANGES IN ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2000
(in thousands)
------------------------------------------------------------------------
ESOP
SAVINGS ALLOCATED
PLAN ACCOUNT TOTAL
-------------- -------------- --------------
NET INVESTMENT INCOME (LOSS)
Interest Income $ 1,555 $ 1 $ 1,556
Net Realized and Unrealized Appreciation
(Depreciation) in Fair Value of Investments (84,144) (24,200) (108,344)
Aon Corporation Dividends 8,276 5,032 13,308
Other Dividends 39,400 - 39,400
Management and Administrative Fees (1,933) (184) (2,117)
-------------- -------------- --------------
TOTAL NET INVESTMENT INCOME (LOSS) (36,846) (19,351) (56,197)
CONTRIBUTIONS
Company 24,301 14,915 39,216
Participants 59,578 - 59,578
Rollovers 4,861 - 4,861
-------------- -------------- --------------
TOTAL CONTRIBUTIONS 88,740 14,915 103,655
ALLOCATIONS
ESOP Diversification 445 (445) -
-------------- -------------- --------------
TOTAL ALLOCATIONS 445 (445) -
OTHER CHANGES
Benefit Payments (116,398) (15,892) (132,290)
-------------- -------------- --------------
TOTAL OTHER CHANGES (116,398) (15,892) (132,290)
-------------- -------------- --------------
NET DECREASE IN ASSETS AVAILABLE
FOR BENEFITS (64,059) (20,773) (84,832)
ASSETS AVAILABLE FOR BENEFITS
AT BEGINNING OF YEAR 1,248,195 235,315 1,483,510
-------------- -------------- --------------
ASSETS AVAILABLE FOR BENEFITS
AT END OF YEAR $ 1,184,136 $ 214,542 $ 1,398,678
============== ============== ==============
See notes to financial statements.
- 5 -
Employer Plan Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 2001 and 2000
1. DESCRIPTION OF PLAN
GENERAL
The Aon Savings Plan (the Plan) was authorized by the Board of
Directors of Aon Corporation (the Company or Plan Sponsor). It is a
defined contribution plan with a salary deferral feature and an
employee stock ownership (ESOP) feature. The Plan is subject to the
provisions of the Employee Retirement Income Security Act of 1974
(ERISA). Effective March 31, 2001, the ASA Savings Plan merged into the
Plan and as a result, assets approximating $13.8 million were
transferred into the Plan.
Certain Plan assets are held by the Aon Funds, an affiliated, open-end
management investment company. The assets of the ESOP portion of the
Plan are invested primarily in common stock of the Company.
Additionally, certain assets are invested by the Trustees as deemed
advisable in order for the Plan to meet its cash flow needs.
On April 20, 2001, the Company's Board of Directors approved, in
principle, a plan to spin off its insurance underwriting business
(which include the operations of the Company) to the Company's common
stockholders, creating two independent publicly traded companies. The
spin-off would take the form of a tax-free stock dividend of the
outstanding shares of common stock of Combined Specialty Group, Inc., a
new subsidiary of the Company formed in September, 2001 to hold its
underwriting business. The transaction requires final Company Board of
Director approval and certain insurance regulatory approvals, and is
expected to be completed as soon as practicable. The spin-off is not
expected to have a material impact on the results of operations or
financial position of the Plan.
The following description of the Plan provides only general
information. Participants of the Plan should refer to the Summary Plan
Description for a more complete description of the Plan.
- 6 -
1. DESCRIPTION OF PLAN (CONTINUED)
ELIGIBILITY AND PARTICIPATION
Effective January 1, 2001, employees other than field sales agents or
employees scheduled to work less than 20 hours per week are immediately
eligible to participate. Prior to January 1, 2001, employees became
eligible for participation after attaining 21 years of age and
completing one year of service. Participants must complete one year of
service to be eligible for company matching contributions.
CONTRIBUTIONS
PARTICIPANT - Participant contributions are made by means of regular
payroll deductions. Non-highly compensated participants, as defined by
the Internal Revenue Code (IRC), may elect to make contributions
between 1% and 16% of their compensation, as defined by the Plan.
Highly compensated participants, as defined by the IRC, may elect to
make contributions between 1% and 8% of their compensation, as defined
by the Plan. Participant contributions are limited to amounts allowed
by the Internal Revenue Service (IRS). Accordingly, the maximum
participant contribution was $10,500 in 2001 and 2000.
COMPANY - The Company contributes an amount equal to 100% of the first
3% of a participant's compensation that a participant contributes to
the Plan. The Company makes a further contribution to the ESOP portion
of the Plan equal to 75% (50% for field sales agents) of the next 3% of
compensation that is contributed to the Plan. In 2001 and 2000, this
contribution was made in shares of common stock of the Company. The
Plan requires that a participant be actively employed and contributing
to the Plan as of the last day of the Plan year in order to receive a
Company contribution.
Contributions to the ESOP portion of the Plan are automatically
invested in common stock of the Company.
INVESTMENT OPTIONS
Contributions to the Plan, other than for the ESOP portion, may be
invested in any of the various investment alternatives offered by the
Plan in any whole percentages. Additionally, beginning in 2000, a
Self-Managed Account was offered whereby participants can invest their
self-directed contributions in various stock and mutual funds.
- 7 -
1. DESCRIPTION OF PLAN (CONTINUED)
PARTICIPANT ACCOUNTS
Each participant's account is credited with the participant's
contribution and a) an allocation of the Company's contributions, b) an
allocation of Plan earnings, and c) an allocation of forfeitures of
terminated participants' non-vested accounts. The benefit to which a
participant is entitled is the benefit that can be provided from the
participant's account.
VESTING
For the ESOP portion of the Plan, a participant vests in 20% increments
and becomes 100% vested after completion of five years of plan service.
Forfeitures of non-vested accounts are allocated to the remaining
participants. The amount of forfeitures allocated to participants was
$673,000 and $1,221,000 of the Company's common stock in 2001 and 2000,
respectively.
For the non-ESOP portion of the Plan, participants are fully vested in
their contributions plus actual earnings thereon. Participants become
100% vested in the remainder of their account balance after five years
of plan service, according to a graded schedule. Forfeitures of
non-vested accounts are allocated to the remaining participants. The
amount of forfeitures allocated to participants was $833,000 and
$947,000 for 2001 and 2000, respectively.
BENEFIT PAYMENTS
For the ESOP portion of the Plan, a participant's entire account shall
be paid to the participant or designated beneficiary in a lump sum upon
normal retirement, permanent disability or death. The participant may
elect payment in the form of Company common stock or cash.
For the non-ESOP portion, on termination of service, a participant may
elect to receive either a lump sum amount equal to the value of his or
her account and/or monthly installments over a period not to exceed ten
years.
PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the
right under the Plan to discontinue its contributions at any time and
to terminate the Plan subject to the provisions of ERISA. In the event
of Plan termination, participants will become 100% vested in their
accounts.
- 8 -
1. DESCRIPTION OF PLAN (CONTINUED)
PARTICIPANT LOANS
Under the loan provision of the Plan, each participant is permitted one
loan in a twelve month period and the outstanding balance of all loans
made to a participant may not exceed the lesser of $50,000 or 50% of
the vested portion of the participant's account excluding the ESOP
portion of the account. The interest rate for each loan is equal to 1%
plus the prime rate as quoted in The Wall Street Journal for the last
day of the month preceding the loan request. Loans are made for a
period of up to five years, except for residential loans that have a
fixed repayment period of ten years.
2. SIGNIFICANT ACCOUNTING POLICIES
BASIS OF ACCOUNTING
The financial statements of the Plan are prepared on an accrual basis
in accordance with accounting principles generally accepted in the
United States.
INVESTMENT VALUATION AND INCOME RECOGNITION
Investments are carried at fair value, which for marketable securities
is based on quotations obtained from national securities exchanges and
various other sources. Participant loans are valued at their
outstanding balances which approximates fair value.
Interest income is recorded as earned. Dividend income is recorded on
the ex-dividend date. Realized gains or losses on investments are the
difference between the proceeds received and the cost of investments
sold as determined on a first-in, first-out basis. The change in the
difference between fair value and the cost of investments is reported
as unrealized appreciation or depreciation of investments.
ADMINISTRATIVE EXPENSES
Administrative expenses of the Plan, including expenses of the
Trustees, are paid from the Plan assets, except to the extent that the
Company, at its discretion, may decide to pay such expenses. The
Company did not pay any Plan expenses in 2001 or 2000. There were no
expenses paid to subsidiaries of the Company in 2001 or 2000.
- 9 -
2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
USE OF ESTIMATES
The preparation of the financial statements in conformity with
accounting principles generally accepted in the United States requires
management to make estimates and assumptions that affect the amounts
reported in the financial statements and accompanying notes. Actual
results could differ from those estimates.
RECLASSIFICATIONS
Certain amounts in the 2000 financial statements have been reclassified
to conform with the 2001 presentation.
3. INVESTMENTS
Institutional Trust Company (ITC) is custodian of the Plan assets and
Trustee for all Plan assets except the ESOP shares. For the ESOP
shares, members of the Company's management are the trustees. The
Trustees are named fiduciaries under ERISA. As used herein, Trustee
refers to the ITC and Company's management individually and
collectively.
- 10 -
3. INVESTMENTS (CONTINUED)
During 2001 and 2000 the Plan's investments (including investments
bought, sold and held during the year) appreciated (depreciated) in
fair value as follows (in thousands):
December 31
2001 2000
---------------------------------------------------------------------
Net Realized Net Realized
and Unrealized and Unrealized
Appreciation Appreciation
(Depreciation) (Depreciation)
in Fair Value in Fair Value
of Investments of Investments
Fair During Fair During
Value the Year Value the Year
---------------------------------------------------------------------
Investments, at fair value:
Common Stock:
Aon Corporation $ 464,543 $ 20,634 $ 504,306 $ (59,563)
Other Common Stocks 5,081 (1,471) 2,828 (700)
Investments in Mutual Funds:
Aon Money Market Fund 264,987 - 237,223 -
Aon Government Securities Fund 49,054 (163) 40,031 2,452
Aon Asset Allocation Fund 136,943 (19,660) 168,100 (13,285)
Aon REIT Index Fund - 1,645 22,991 3,177
Vanguard REIT Index Fund 26,084 595 - -
IRT 500 Index Fund 236,815 (33,867) 274,332 (29,266)
IRT International Equity Fund 32,212 (5,836) 39,674 (4,566)
INVESCO Dynamics Fund 21,024 (7,776) 20,165 (4,236)
IRT Core-Balanced Fund 3,773 (169) 1,878 (44)
Dodge & Cox Stock Fund 31,868 316 4,065 (119)
PIMCO Total Return Fund 14,638 (168) 4,064 81
Montag & Caldwell Growth Fund 7,387 (375) 3,218 (235)
Managers Special Equity Fund 13,151 (734) 9,268 (1,852)
Templeton Emerging Markets
Fund 936 (56) 304 (16)
Vanguard Admiral Intermediate
Term Treasury Fund 12,401 52 3,468 88
Other Mutual Funds 1,119 (319) 729 (260)
Short-Term Investment Funds 1,626 - 2,573 -
---------------------------------------------------------------------
Total $ 1,323,642 $ (47,352) $ 1,339,217 $ (108,344)
---------------------------------------------------------------------
- 11 -
3. INVESTMENTS (CONTINUED)
The fair value of individual investments that represent 5% or more of
the Plan's assets is as follows (in thousands):
December 31
-----------------------------------
2001 2000
---- ----
Aon Corporation, Common Stock $ 464,899* $ 504,324*
Investments held in Mutual Funds:
Aon Money Market Fund 264,987 237,223
Aon Asset Allocation Fund 136,943 168,100
IRT 500 Index Fund 236,815 274,332
* Includes $202,435 and $199,627 of non-participant directed investments
in 2001 and 2000, respectively.
4. INCOME TAX STATUS
The Plan has received a determination letter from the IRS dated April
10, 1995, stating that the Plan is qualified under section 401(a) of
the IRC and, therefore, the related trust is exempt from taxation.
Subsequent to this issuance of the determination letter, the Plan was
amended. Once qualified, the Plan is required to operate in conformity
with the IRC to maintain its qualification. The Plan Administrative
Committee believes the Plan is being operated in compliance with the
applicable requirements of the IRC and, therefore, believes that the
Plan, as amended, is qualified and the related trust is tax exempt.
- 12 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
Number of Shares Current Value
---------------- -------------
Identity of Issuer Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
AON COMMON STOCK FUND
---------------------
COMMON STOCK
Aon Corporation
Common Stock, 1.00 par* 7,252,319 $ 262,108
==============
MONEY MARKET FUND
-----------------
MUTUAL FUND
Investments held in the Aon
Money Market Fund* 264,986,899 $ 264,987
==============
GOVERNMENT SECURITIES FUND
--------------------------
MUTUAL FUND
Investments held in the Aon
Government Securities Fund* 4,818,646 $ 49,054
==============
TOTAL RETURN FUND
-----------------
MUTUAL FUND
Investments held in the Aon
Asset Allocation Fund* 10,128,881 $ 136,943
==============
COMMON STOCK INDEX FUND
-----------------------
MUTUAL FUND
Investments held in the IRT
500 Index Fund 8,484,943 $ 236,815
==============
- 13 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Identity of Issuer Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
REAL ESTATE SECURITIES FUND
---------------------------
MUTUAL FUND
Investments held in the Vanguard
REIT Index Fund 2,150,396 $ 26,084
==============
INVESCO DYNAMICS FUND
---------------------
MUTUAL FUND
Investments held in the INVESCO
Dynamics Fund 1,319,748 $ 21,024
==============
IRT CORE-BALANCED FUND
----------------------
MUTUAL FUND
Investments held in the IRT
Core-Balanced Fund 407,942 $ 3,773
==============
DODGE & COX COMMON STOCK FUND
-----------------------------
MUTUAL FUND
Investments held in the Dodge & Cox
Common Stock Fund 317,063 $ 31,868
==============
PIMCO TOTAL RETURN FUND
-----------------------
MUTUAL FUND
Investments held in the PIMCO
Total Return Fund 1,399,468 $ 14,638
==============
- 14 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
MONTAG & CALDWELL GROWTH FUND
-----------------------------
MUTUAL FUND
Investments held in the Montag & Caldwell
Growth Fund 302,761 $ 7,387
==============
MANAGERS SPECIAL EQUITY FUND
----------------------------
MUTUAL FUND
Investments held in the Managers
Special Equity Fund 186,278 $ 13,151
==============
TEMPLETON EMERGING MARKETS FUND
-------------------------------
MUTUAL FUND
Investments held in the Templeton
Emerging Markets Fund 115,853 $ 936
==============
VANGUARD ADMIRAL INTERMEDIATE TERM
----------------------------------
TREASURY FUND
-------------
MUTUAL FUND
Investments held in the Vanguard Admiral
Intermediate Term Treasury Fund 1,124,290 $ 12,401
==============
IRT INTERNATIONAL EQUITY FUND
-----------------------------
MUTUAL FUND
Investments held in the IRT
International Equity Fund 1,802,592 $ 32,212
==============
- 15 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
ESOP ALLOCATED FUND
--------------------
COMMON STOCK
Aon Corporation
Common Stock, 1.00 par* 5,642,700 $ 81,285 $ 202,435
============= ==============
OTHER COMMON AND PREFERRED STOCKS AND MUTUAL FUNDS (SELF-MANAGED FUNDS)
-----------------------------------------------------------------------
COMMON STOCK
ACT Manufacturing Inc.
Common Stock 2,250 $ 1
AES Corp.
Common Stock 200 3
AOL Time Warner Inc.
Common Stock 3,450 111
AT & T Corp.
Common Stock 1,905 35
AT & T Wireless Services Inc.
Common Stock 610 9
Abbott Laboratories
Common Stock 592 33
Abgenix Inc.
Common Stock 400 13
ACLN Ltd.
Common Stock 400 4
Active Power Inc.
Common Stock 100 1
Adaptive Broadband Corp.
Common Stock 100 **
- 16 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Adelphia Business Solutions Inc.
Common Stock 250 $ **
Adept Technology Inc.
Common Stock 1,000 4
Adobe Systems Inc.
Common Stock 17 1
Advanced Micro Devices Inc.
Common Stock 3,300 52
Agere Systems Inc.
Common Stock 1,000 6
Agilent Tech Inc.
Common Stock 100 3
Akamai Tech
Common Stock 100 1
Akorn Inc.
Common Stock 100 **
Allen Telecom Inc.
Commmon Stock 950 8
Allos Therapeutics Inc.
Common Stock 1,000 7
Altera Corp.
Common Stock 25 1
Amazon.com Inc
Common Stock 100 1
American Express Co.
Common Stock 350 13
American Home Mortgage Holdings Inc.
Common Stock 100 1
American International Group Inc.
Common Stock 1,913 152
- 17 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
American Power Conversion Corp.
Common Sock 600 $ 9
American Superconductor Corp.
Common Stock 625 8
Ameristar Casino Inc.
Common Stock 100 3
Amylin Pharmeceuticals Inc.
Common Stock 3,500 32
Analog Devices Inc.
Common Stock 10 **
Andrew Corp.
Common Stock 200 4
Aon Corp.*
Common Stock 10,013 356
Applera Corp.
Common Stock 310 8
Applied Materials Inc.
Common Stock 423 17
Applied Micro Circuits Corp.
Common Stock 424 5
Ariba Inc.
Common Stock 2,110 13
Asia Global Crossing Ltd.
Common Stock 2,000 2
Asyst Technologies Inc.
Common Stock 300 4
Atmel Corp.
Common Stock 2,200 16
Avanex Corp.
Common Stock 375 2
- 18 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Avaya Inc.
Common Stock 200 $ 2
Avici Systems Inc.
Common Stock 30 **
Avocent Corp.
Common Stock 100 2
Aware Inc.
Common Stock 1,000 8
Axcelis Technologies Inc.
Common Stock 75 1
BP Amoco PLC
Common Stock 175 8
BMC Software Inc.
Common Stock 700 12
Ballard Power Systems Inc.
Common Stock 300 9
BEA Systems Inc.
Common Stock 58 1
Best Buy Inc.
Common Stock 250 19
Bio Technology Gen Corp.
Common Stock 100 1
Biogen Inc.
Common Stock 20 1
Boeing Co.
Common Stock 650 25
Boyd Gaming Corp.
Common Stock 150 1
Bradlees Inc.
Common Stock 3,000 **
- 19 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Broadcom Corp.
Common Stock 590 $ 24
Broadvision Inc.
Common Stock 1,025 3
Brocade Communications Systems Inc.
Common Stock 484 16
CDW Computer Centers
Common Stock 660 36
CMG Information Services Inc.
Common Stock 800 1
CVS Corp.
Common Stock 175 5
Cable & Wireless PLC
Common Stock 900 13
Cadiz Inc.
Common Stock 500 4
Callaway Golf Co.
Common Stock 100 2
Calpine Corp.
Common Stock 580 10
Carreker Antinori Inc.
Common Stock 14,000 83
Catalyst Semiconductor Inc.
Common Stock 200 1
Cell Pathways Inc.
Common Stock 300 2
Cedant Corp.
Common Stock 1,000 20
Centura Software Corp.
Common Stock 4,195 **
- 20 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Century Casinos Inc.
Common Stock 300 $ 1
Chesterfield Financial Corp.
Common Stock 743 12
Christopher & Banks Corp.
Common Stock 375 13
Ciena Corp.
Common Stock 645 9
Cisco Systems Inc.
Common Stock 10,084 183
Citigroup Inc.
Common Stock 2,476 125
Citrix Systems Inc.
Common Stock 600 14
Coca Cola Company
Common Stock 50 2
Cognizant Tech Solutions Corp.
Common Stock 20 1
Cognos Inc.
Common Stock 200 5
Commerce One Inc.
Common Stock 65 **
Conductus Inc.
Common Stock 1,000 3
Conseco Inc.
Common Stock 1,000 4
Consolidated Edison Holding Company
Common Stock 60 2
Copper Mountain Networks Inc.
Common Stock 700 1
- 21 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Corixa Corp.
Common Stock 100 $ 2
Corning Inc.
Common Stock 4,003 36
Corvis Corp.
Common Stock 2,650 9
Covad Communications Group Inc.
Common Stock 500 1
Cree Resh Inc.
Common Stock 114 3
Critical Path Inc.
Common Stock 875 2
Cyber Care Inc.
Common Stock 2,500 2
Cypress Semiconductor Corp.
Common Stock 233 5
Cytogen Corp.
Common Stock 7,350 22
DCH Technology Inc.
Common Stock 9,214 5
DMC Stratex Networks Inc.
Common Stock 80 1
DJ Orthopedics Inc.
Common Stock 125 2
Darden Restaurants
Common Stock 150 5
Dean Foods Co.
Common Stock 35 2
Dell Computer Corp.
Common Stock 3,400 92
- 22 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Diebold Inc.
Common Stock 100 $ 4
Digital Lightwave Inc.
Common Stock 1,300 12
Diodes Inc.
Common Stock 500 3
Walt Disney Company
Common Stock 95 2
Ditech Comms Corp.
Common Stock 300 2
Doral Financial Corp.
Common Stock 50 2
Doubleclick Inc.
Common Stock 200 2
Dow Chemical Co.
Common Stock 400 14
Downey Financial Corp.
Common Stock 100 4
Drugstore.com Inc.
Common Stock 5,000 10
Duke Energy Corp.
Common Stock 150 6
Dynegy Inc.
Common Stock 200 5
EMC Corp.
Common Stock 7,511 101
Earthlink Inc.
Common Stock 400 5
Eaton Vance Corp.
Common Stock 100 4
- 23 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
EBAY Inc.
Common Stock 100 $ 7
Echostar Communications
Common Stock 100 3
Electric Lightwave Inc.
Common Stock 250 **
eMachines Inc.
Common Stock 1,582 2
Emulex Corp.
Common Stock 350 14
Enron Corp.
Common Stock 14,450 9
Ericksson L M Telephone Co.
Common Stock 1,030 5
Excel Technologies Inc.
Common Stock 50 1
Exegenics Inc.
Common Stock 500 2
Exodus Communications Inc.
Common Stock 4,815 **
Extreme Networks Inc.
Common Stock 338 4
F5 Networks Inc.
Common Stock 100 2
Flextronics International Inc.
Common Stock 937 22
Focal Communications Corp.
Common Stock 750 **
Ford Motor Co.
Common Stock 1,000 16
- 24 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Forest Laboratories Inc.
Common Stock 280 $ 23
Foundry Networks Inc.
Common Stock 150 1
Fuelcell Energy Inc.
Common Stock 150 3
Gabelli Equity Trust Inc.
Common Stock 20 **
Gallagher Arthur J & Co.
Common Stock 100 3
Gateway Inc.
Common Stock 1,400 11
Genentech Inc.
Common Stock 500 27
General Electric Co.
Common Stock 1,771 71
Gilat Satellite Networks Ltd.
Common Stock 1,000 5
Gillette Company
Common Stock 1,000 33
Glaxo Wellcome PLC
Common Stock 300 15
Global Crossing Ltd.
Common Stock 3,485 3
Globalstar Telecom Ltd.
Common Stock 750 **
Globix Corp.
Common Stock 1,000 **
Goamerica Inc.
Common Stock 1,000 2
- 25 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Gorman Rupp Co.
Common Stock 50 $ 1
Grainger W W Inc.
Common Stock 160 8
Guidant Corp.
Common Stock 88 4
HNC Software Inc.
Common Stock 75 2
H Power Corp.
Common Stock 150 **
Halliburton Co.
Common Stock 30 **
Handspring Inc.
Common Stock 346 2
Hansen Natural Corp.
Common Stock 6,410 27
Harley Davidson Inc.
Common Stock 500 27
Harmonic Lightwaves Inc.
Common Stock 200 2
Headwaters Inc.
Common Stock 34 **
Henley Healthcare Inc.
Common Stock 2,860 **
Herbalife International
Common Stock 300 4
Hewlett-Packard Co.
Common Stock 150 3
Hispanic Broadcasting Corp.
Common Stock 300 8
- 26 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Home Depot Inc.
Common Stock 100 $ 5
Honeywell International Inc.
Common Stock 18 1
Hyperfeed Technologies Inc.
Common Stock 20,150 13
Inkine Pharmaceutical Company Inc.
Common Stock 4,500 7
Inktomi Corp.
Common Stock 450 3
Intel Corp.
Common Stock 9,075 285
Interland Inc.
Common Stock 200 **
IBM
Common Stock 100 12
International Rectifier Corp.
Common Stock 8,500 10
Invsion Tech Inc.
Common Stock 75 2
ISHARES Inc.
Common Stock 60 3
Isonics Corp.
Common Stock 1,000 1
I2 Tech Inc.
Common Stock 1,250 10
Ivax Corp.
Common Stock 500 10
JDS Uniphase Corp.
Common Stock 4,555 40
- 27 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
JMAR Industries Inc.
Common Stock 29,250 $ 87
JP Morgan Chase
Common Stock 700 25
Jabil Circuit Inc.
Common Stock 326 7
Johnson & Johnson
Common Stock 765 45
Jones Apparel Group
Common Stock 775 26
Juniper Networks Inc.
Common Stock 648 12
Kla-Tencor Corp.
Common Stock 50 2
K-Mart Corp.
Common Stock 210 1
Kimberly Clark Corp.
Common Stock 50 3
Krispy Kreme Doughnuts Inc.
Common Stock 8 **
Kyocera
Common Stock 25 2
LSI Logic Corp.
Common Stock 250 4
Legg Mason
Common Stock 100 5
Leucadia National Corp.
Common Stock 100 3
Level 3 Communications Inc.
Common Stock 130 1
- 28 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Liberty Media Corp.
Common Stock 100 $ 1
Lightpath Technologies Inc.
Common Stock 200 1
Eli Lily & Co.
Common Stock 100 8
Linear Technology Corp.
Common Stock 200 8
Littlefield Corp.
Common Stock 700 2
Lockheed Martin Corp.
Common Stock 31 1
Loral Space & Communications Ltd.
Common Stock 3,080 9
Lucent Technologies Inc.
Common Stock 14,574 92
Lynch Corp.
Common Stock 25 **
Magal Security Systems Ltd.
Common Stock 300 4
Mapinfo Corp.
Common Stock 29 **
Marconi PLC
Common Stock 2,000 2
Marsh & McLennan Cos.
Common Stock 150 16
Matritech Inc.
Common Stock 500 1
Mattel Inc.
Common Stock 325 6
- 29 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
McData Corp.
Common Stock 27 $ 1
McDonald's Corp.
Common Stock 100 3
McKesson Inc.
Common Stock 100 4
McLeod Inc.
Common Stock 2,900 1
Merck & Co.
Common Stock 115 7
Mercury Interactive Corp.
Common Stock 16 1
Merrill Lynch & Co.
Common Stock 300 16
MetLife Inc.
Common Stock 100 3
Metro One Telecom Inc.
Common Stock 20 1
Metromedia Fiber Network Inc.
Common Stock 63 **
Microsoft Corp.
Common Stock 4,720 313
Micromuse Inc.
Common Stock 300 5
Micron Technology
Common Stock 40 1
Midland Co.
Common Stock 100 4
Millenium Pharmaceuticals Inc.
Common Stock 300 7
- 30 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Mirant Corp.
Common Stock 150 $ 2
Motorola Inc.
Common Stock 23,500 353
NASDAQ 100 Trust
Common Stock 2,810 109
National City Corp.
Common Stock 275 8
Neon Communications Inc.
Common Stock 250 1
Network Appliance Corp.
Common Stock 517 11
Newmont Mining Corp.
Common Stock 100 2
Nexell Therapeutics Inc.
Common Stock 100 **
Nextel Communications Inc.
Common Stock 1,100 12
99 Cent Only Stores
Common Stock 30 1
Nisource Inc.
Common Stock 300 7
Nissan Motor Ltd.
Common Stock 2,004 22
Nokia Corp.
Common Stock 3,430 84
Noble Drilling Corp.
Common Stock 50 2
Nortel Networks Corp.
Common Stock 1,650 12
- 31 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Northern Trust Corp.
Common Stock 9 $ 1
Northpoint Communications Holdings Inc.
Common Stock 1,000 **
Novartis AG
Common Stock 20 1
Novell Inc.
Common Stock 600 3
Numerical Technologies Inc.
Common Stock 100 4
Nvidia Corp.
Common Stock 82 6
OTG Software Inc.
Common Stock 114 1
Office Depot Inc.
Common Stock 25 **
Onvia.com Inc.
Common Stock 3,500 2
Oracle Corp.
Common Stock 7,249 100
Orckit Communications Ltd.
Common Stock 2,000 6
PMC-Sierra Inc.
Common Stock 334 7
PAC-West Telecom Inc.
Common Stock 500 **
Packeteer Inc.
Common Stock 400 3
Palm Inc.
Common Stock 1,739 7
- 32 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Panaco Inc.
Common Stock 8,000 $ 7
Panera Bread Co.
Common Stock 50 3
Parametric Tech Corp.
Common Stock 900 7
Paxar Corp.
Common Stock 100 1
Peoplesoft Inc.
Common Stock 17 1
Pep Boys Manny Moe & Jack
Common Stock 300 5
Pfizer Inc.
Common Stock 1,297 52
Philip Morris Cos.
Common Stock 100 5
Placer Dome Inc.
Common Stock 160 2
Power One Inc.
Common Stock 410 4
Priceline.com Inc.
Common Stock 3,027 18
Proctor & Gamble Co.
Common Stock 50 4
PSInet Inc.
Common Stock 1,720 **
Purchasepro.com Inc.
Common Stock 530 1
Qlogic Corp.
Common Stock 17 1
- 33 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Qualcomm Inc.
Common Stock 222 $ 11
Questar Corp.
Common Stock 100 3
RF Micro Devices Inc.
Common Stock 33 1
Radisys Corp.
Common Stock 100 2
Rainmaker Systems Inc.
Common Stock 19,000 5
Rare Medium Group Inc.
Common Stock 100 **
Razorfish Inc.
Common Stock 100,000 22
Red Hat Inc.
Common Stock 200 1
Redback Networks Inc.
Common Stock 17 **
Riviana Foods Inc.
Common Stock 90 2
SBC Communications
Common Stock 275 11
S&P 500 Depository Receipt
Common Stock 79 9
Safeway Inc.
Common Stock 105 4
St. Paul Cos. Inc.
Common Stock 100 4
Salton/Maxim Housewares Inc.
Common Stock 500 9
- 34 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Sanmina Corp.
Common Stock 318 $ 6
Schering Plough Corp.
Common Stock 450 16
Schwab Charles Corp.
Common Stock 130 2
Scios Inc.
Common Stock 375 9
Sears Roebuck & Co.
Common Stock 100 5
Spectre SPDR Trust-Consumer Services
Common Stock 100 3
Spectre SPDR Trust-Technology
Common Stock 100 2
Semtech Corp.
Common Stock 52 2
Sicor Inc.
Common Stock 30 **
Siebel Systems Inc.
Common Stock 277 8
Silicon Storage Technologies Inc.
Common Stock 2,000 19
Simula Inc.
Common Stock 500 3
Solectron Corp.
Common Stock 52 1
Sorrento Networks Corp.
Common Stock 125 **
Southwest Airlines Co.
Common Stock 1,000 19
- 35 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Spectralink Corp.
Common Stock 900 $ 15
Sun Microsystems Inc.
Common Stock 7,081 87
Superconductor Technologies Inc.
Common Stock 1,500 10
Sycamore Networks Inc.
Common Stock 116 1
Syncor International Corp.
Common Stock 100 3
Sysco Corp.
Common Stock 300 8
Taiwan Semiconductor Manufacuring Co.
Common Stock 700 12
Talk America Holdings Inc.
Common Stock 1,000 **
Tellabs Inc.
Common Stock 1,400 21
Tenet Healthcare Corp.
Common Stock 30 2
Texas Instruments Inc.
Common Stock 2,786 78
Tioga Technologies Ltd.
Common Stock 2,000 1
Textron Inc.
Common Stock 100 4
Trans World Airlines Inc.
Common Stock 259 **
Transmeta Corp.
Common Stock 500 1
- 36 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Transwitch Corp.
Common Stock 53 $ **
Triquint Semiconductor Inc.
Common Stock 325 4
Trump Hotels & Casino Resorts
Common Stock 4,000 5
Tyco International Ltd.
Common Stock 100 6
UAL Corp.
Common Stock 550 7
US Bancorp
Common Stock 100 2
Unilever NV
Common Stock 40 2
Unit Corp.
Common Stock 1,000 13
United Rentals Inc.
Common Stock 100 2
US Airways Group Inc.
Common Stock 500 3
Utstarcom Inc.
Common Stock 200 6
VA Linux Systems Inc.
Common Stock 1,200 3
Veritas Software Corp.
Common Stock 256 11
Verisign Inc.
Common Stock 20 1
Verticalnet Inc.
Common Stock 1,100 2
- 37 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Vishay Intertech Inc.
Common Stock 100 $ 2
Visual Networks Inc.
Common Stock 555 3
Vitesse Semiconductor Corp.
Common Stock 110 1
Wal-mart Stores Inc.
Common Stock 940 54
Walgreen Company
Common Stock 500 17
Washington Mutual Inc.
Common Stock 95 3
Watson Pharmaceuticals Inc.
Common Stock 100 3
Webvan Group Inc.
Common Stock 500 **
Western Digital Corp.
Common Stock 2,000 13
Williams Communications Group Inc.
Common Stock 2,886 7
Williams Cos. Inc.
Common Stock 970 25
Wind River Systems Inc.
Common Stock 20 **
Winstar Communications Inc.
Common Stock 4,500 **
Worldcom Inc.
Common Stock 2,700 38
Worldcom Inc. (MCI Group)
Common Stock 112 1
- 38 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Worthington Industries Inc.
Common Stock 40 $ 1
XO Communications Inc.
Common Stock 6,145 **
Xilinx Inc.
Common Stock 419 16
Xerox Corp.
Common Stock 70 1
Yahoo Inc.
Common Stock 120 2
Zimmer Holdings Inc.
Common Stock 352 11
$ 5,069
==============
PREFERRED STOCK
Sealed Air Corp.
Preferred Stock 300 $ 12
==============
OTHER MUTUAL FUNDS
American Century Small Cap Value Fund
Mutual Fund 1,021 $ 8
American Century 20th Century International Growth Fund
Mutual Fund 558 4
Ameristock Focused Value Fund
Mutual Fund 45 1
Ameristock Mutual Fund
Mutual Fund 25 1
Ariel Appreciation ClassB Fund
Mutual Fund 28 1
Artisan International Fund
Mutual Fund 631 12
- 39 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Artisan Mid Cap Fund
Mutual Fund 255 $ 7
Berger Mid Cap Value Fund
Mutual Fund 77 1
Berkshire Focus Fund
Mutual Fund 3,177 30
Black Oak Emerging Technology Fund
Mutual Fund 261 1
Boston Partners Small Cap Value Fund
Mutual Fund 147 3
Bridgeway Agressive Growth Fund
Mutual Fund 61 2
Brown Capital Mgmt. Small Company Fund
Mutual Fund 32 1
Buffalo Small Cap Growth Fund
Mutual Fund 429 9
Clipper Fund
Mutual Fund 25 2
Credit Suisse Capital Appreciation Fund
Mutual Fund 308 6
Dresdner RCM Biotechnology Fund
Mutual Fund 578 16
Dresdner RCM Global Health Care Fund
Mutual Fund 488 10
Dresdner RCM Global Technology Fund
Mutual Fund 107 3
Excelsior Energy & Natural Resources Fund
Mutual Fund 625 8
Fidelity Diversified International Fund
Mutual Fund 1,196 23
- 40 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Fidelity Mid Cap Stock Fund
Mutual Fund 149 $ 3
Fidelity Growth Company Fund
Mutual Fund 8 **
Fidelity Value Fund
Mutual Fund 605 31
Firsthand Technology Value Fund
Mutual Fund 194 8
Firsthand Technology Leaders Fund
Mutual Fund 30 1
Firsthand Technology Innovator Fund
Mutual Fund 79 1
Harbor Capital Appreciation Fund
Mutual Fund 100 3
Icon Energy Fund
Mutual Fund 228 3
INVESCO Dynamics Fund
Mutual Fund 179 3
INVESCO Technology Fund
Mutual Fund 144 5
Janus Investment Growth & Income Fund
Mutual Fund 34 1
Janus Investment Equity Income Fund
Mutual Fund 57 1
Kopp Emerging Growth Class A Fund
Mutual Fund 3,994 47
Liberty Acorn USA Class Z Fund
Mutual Fund 163 3
Longleaf Partners Fund
Mutual Fund 576 14
- 41 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
Loomis Sayles Aggressive Growth Fund
Mutual Fund 4,029 $ 66
LTRA Bull Pro Fund
Mutual Fund 18 1
Meridian Value Fund
Mutual Fund 41 1
Needham Growth Fund
Mutual Fund 104 3
Oakmark Balanced Fund
Mutual Fund 55 1
Oakmark Fund
Mutual Fund 426 15
Oakmark Select Class II Fund
Mutual Fund 193 5
Oakmark Select Fund
Mutual Fund 2,020 55
OTC Pro Fund
Mutual Fund 105 7
Pin Oak Aggressive Stock Fund
Mutual Fund 40 1
Red Oak Technology Select Fund
Mutual Fund 232 2
PBHG Select Equity Fund
Mutual Fund 2 38
PBHG Clipper Focus Fund
Mutual Fund 136 2
PBHG Large Cap 20 Fund
Mutual Fund 2,930 48
PIMCO Short Term Fund
Mutual Fund 10,424 105
- 42 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
PIMCO Total Return Fund
Mutual Fund 2,047 $ 21
PIMCO Real Return Bond Fund
Mutual Fund 1,990 20
T. Rowe Price Health Sciences Fund
Mutual Fund 52 1
RS Diversified Growth Fund
Mutual Fund 31 1
T. Rowe Price Financial Services Fund
Mutual Fund 524 10
T. Rowe Price Mid Cap Growth Fund
Mutual Fund 618 24
T. Rowe Price Small Cap Stock Fund
Mutual Fund 1,043 27
Royce Low Priced Stock Fund
Mutual Fund 452 5
Rydex Nova Fund
Mutual Fund 38 1
Select Biotechnology Fund
Mutual Fund 66 4
Select Brokerage & Investment Mgmt. Fund
Mutual Fund 177 8
Select Defense & Aerospace Fund
Mutual Fund 64 3
Selected American Shares Fund
Mutual Fund 336 10
State Street Research Aurora Class D Fund
Mutual Fund 69 2
Strong Opportunity Income Fund
Mutual Fund 590 23
- 43 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
TCW Galileo Value Opportunity Fund
Mutual Fund 237 $ 5
Value Line Special Situations Income Fund
Mutual Fund 72 1
Van Wagoner Income Post Venture Fund
Mutual Fund 4,069 41
Vanguard International Growth Portfolio Fund
Mutual Fund 1,435 22
Vanguard Short Term Federal Fund
Mutual Fund 10,323 108
Vanguard S&P 500 Index Portfolio Fund
Mutual Fund 246 26
Wasatch Aggressive Equity Fund
Mutual Fund 636 22
Wasatch Mid Cap Fund
Mutual Fund 17 **
Wasatch Micro Cap Value Fund
Mutual Fund 6,076 25
Weitz Partners Value Fund
Mutual Fund 50 1
Weitz Value Fund
Mutual Fund 2 75
Westport Fund
Mutual Fund 88 1
White Oak Growth Stock Fund
Mutual Fund 24 1
Muhlenkamp Fund
Mutual Fund 20 1
HRPT Property Trust
Mutual Fund 500 5
- 44 -
Employer Identification # 36-3051915
Plan # 020
AON SAVINGS PLAN
Schedule H, Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2001
(continued)
Number of Shares Current Value
---------------- -------------
Principal Amount (thousands)
------------------------------------------------------------------------------------------------------------------
KIMCO Realty Trust
Mutual Fund 75 $ 2
$ 1,119
==============
STATE STREET SHORT-TERM INVESTMENT FUND
Short-Term Investment Fund 1,625,688 $ 1,626
==============
PARTICIPANT LOANS (5.8%-11.7%) - $ 19,269
==============
$ 1,342,911
==============
* Party in interest transaction not prohibited by ERISA.
** Current value of investment is less than $500.
- 45 -
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statements
(Form S-8 No. 33-27894) pertaining to the Aon Savings Plan of Aon Corporation of
our report dated June 4, 2002, with respect to the financial statements and
schedule of the Aon Savings Plan included in this annual report (Form 11-K) for
the year ended December 31, 2001.
Chicago, Illinois Ernst & Young LLP
June 26, 2002
June 25, 2002
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: REPORT ON FORM 11-K FOR THE AON SAVINGS PLAN
REGISTRANT: AON CORPORATION
COMMISSION FILE NO.: 1-7933
Gentlemen and Ladies:
Enclosed with this EDGAR transmission is the above referenced Form 11-K
for the Aon Savings Plan.
Please contact the undersigned at 312/701-3835 if you have any
questions.
Very truly yours,
/S/ RICHARD E. BARRY
Richard E. Barry
Senior Counsel
REB/dcd
Enclosures