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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(B)(2) / /
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
NEW YORK 00-0000000
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
XXX XXXX XXXXXX, XXX XXXX, 00000
N.Y. (Zip code)
(Address of principal
executive offices)
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WORLD COLOR PRESS, INC.
(Exact name of obligor as specified in its charter)
DELAWARE 00-0000000
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification
no.)
THE MILL 06831
000 Xxxxxxxxxx Xxxx (Zip code)
Greenwich, Connecticut
(Address of principal executive
offices)
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8 3/8% Senior Subordinated Notes due 2008
(Title of the indenture securities)
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
a corporation organized and existing under the laws of the State of New York,
has duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 4th day of March, 1999.
THE BANK OF NEW YORK
By: /s/Xxxx XxXxxxxx
_______________________________
Name: Xxxx XxXxxxxx
Title: ASSISTANT VICE PRESIDENT
EXHIBIT 7
CONSOLIDATED REPORT OF CONDITION OF
THE BANK OF NEW YORK
OF XXX XXXX XXXXXX, XXX XXXX, X.X. 00000
AND FOREIGN AND DOMESTIC SUBSIDIARIES,
a member of the Federal Reserve System, at the close of business December
31, 1998, published in accordance with a call made by the Federal Reserve Bank
of this District pursuant to the provisions of the Federal Reserve Act.
DOLLAR
AMOUNTS IN
THOUSANDS
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ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin............................ $ 3,951,273
Interest-bearing balances..................................................... 4,134,162
Securities:
Held-to-maturity securities................................................... 932,468
Available-for-sale securities................................................. 4,279,246
Federal funds sold and Securities purchased under agreements to resell............ 3,161,626
Loans and lease financing receivables:
Loans and leases, net of unearned income...................................... 37,861,802
LESS: Allowance for loan and lease losses..................................... 619,791
LESS: Allocated transfer risk reserve......................................... 3,572
Loans and leases, net of unearned income, allowance, and reserve.............. 37,238,439
Trading Assets.................................................................... 1,551,556
Premises and fixed assets (including capitalized leases).......................... 684,181
Other real estate owned........................................................... 10,404
Investments in unconsolidated subsidiaries and associated companies............... 196,032
Customers' liability to this bank on acceptances outstanding...................... 895,160
Intangible assets................................................................. 1,127,375
Other assets...................................................................... 1,915,742
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Total assets...................................................................... $ 60,077,664
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LIABILITIES
Deposits:
In domestic offices........................................................... $ 27,020,578
Noninterest-bearing........................................................... 11,271,304
Interest-bearing.............................................................. 15,749,274
In foreign offices, Edge and Agreement subsidiaries, and IBFs................. 17,197,743
Noninterest-bearing........................................................... 103,007
Interest-bearing.............................................................. 17,094,736
Federal funds purchased and Securities sold under agreements to repurchase........ 1,761,170
Demand notes issued to the U.S.Treasury........................................... 125,423
Trading liabilities............................................................... 1,625,632
Other borrowed money:
With remaining maturity of one year or less................................... 1,903,700
With remaining maturity of more than one year through three years............. 0
With remaining maturity of more than three years.................................. 31,639
Bank's liability on acceptances executed and outstanding.......................... 900,390
Subordinated notes and debentures................................................. 1,308,000
Other liabilities................................................................. 2,708,852
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Total liabilities................................................................. 54,583,127
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DOLLAR
AMOUNTS IN
THOUSANDS
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EQUITY CAPITAL
Common stock...................................................... 1,135,284
Surplus........................................................... 764,443
Undivided profits and capital reserves............................ 3,542,168
Net unrealized holding gains (losses) on available-for-sale
securities...................................................... 82,367
Cumulative foreign currency translation adjustments............... (29,725)
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Total equity capital.............................................. 5,494,537
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Total liabilities and equity capital.............................. $60,077,664
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I, Xxxxxx X. Xxxxxx, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Xxxxxx X. Xxxxxx
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
Xxxxxx X. Reyni
Xxxxxx X. Xxxxxxx Directors
Xxxx X. Xxxxxxxx
