PAGE 1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2000
SAVINGS AND INVESTMENT PLAN
OF E. I. DU PONT DE NEMOURS AND COMPANY
(FULL TITLE OF THE PLAN)
E. I. DU PONT DE NEMOURS AND COMPANY
1007 MARKET STREET
WILMINGTON, DELAWARE 19898
(NAME AND ADDRESS OF PRINCIPAL EXECUTIVE OFFICE OF ISSUER)
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PAGE 2
INDEX
-----
Page(s)
-------
Report of Independent Accountants ..................... 4
Financial Statements:
Statement of Net Assets Available for
Benefits, as of September 30, 2000 and 1999 ....... 5
Statement of Changes in Net Assets Available
for Benefits, for the Years Ended
September 30, 2000 and 1999 ....................... 6
Notes to Financial Statements ....................... 7-15
Supplemental Schedules*:
Schedule I: Schedule of Assets Held for Investment
Purposes at September 30, 2000 .................... 16
EXHIBITS
--------
Exhibit
Number Description
------- -----------
24 Consent of Independent Accountants
----------------
*Other supplemental schedules required by Section 2520.103-10 of
the Department of Labor Rules and Regulations for Reporting and
Disclosure under ERISA have been omitted because they are not
applicable.
PAGE 3
Pursuant to the requirements of the Securities and
Exchange Act of 1934, E. I. du Pont de Nemours and Company has
duly caused this Annual Report to be signed by the undersigned
hereunto duly authorized.
Savings and Investment Plan of
E. I. du Pont de Nemours and Company
Date: March 22, 2001
By /s/ Neil Marchuk
------------------------------------
Neil Marchuk
Director - People Managing Processes
PAGE 4
REPORT OF INDEPENDENT ACCOUNTANTS
To the Participants and Administrator of the Savings and
Investment Plan of E. I. du Pont de Nemours and Company
In our opinion, the accompanying statements of net assets
available for benefits and the related statements of changes in
net assets available for benefits present fairly, in all
material respects, the net assets available for benefits of the
Savings and Investment Plan of E. I. du Pont de Nemours and
Company (the "Plan") at September 30, 2000 and 1999, and the
changes in net assets available for benefits for the years then
ended, in conformity with accounting principles generally
accepted in the United States of America. 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 of
these statements in accordance with auditing standards generally
accepted in the United States of America, which require that we
plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstate-
ment. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial state-
ments, assessing the accounting principles used and significant
estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion
on the basic financial statements taken as a whole. The supple-
mental schedule of assets held for investment purposes is
presented for the purpose of additional analysis and is not a
required part of the basic financial statements but is supple-
mentary 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 pro-
cedures applied in the 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.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
March 14, 2001
PAGE 5
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
SEPTEMBER 30, 2000 and 1999
September 30,
----------------------------------
2000 1999
--------------- ---------------
Investments:
Plan Interest in DuPont
and Related Companies
Defined Contribution
Plan Master Trust ......... $ 5,196,592,924 $ 5,577,543,668
Company Stock Funds ......... 1,298,746,547 1,769,984,269
Mutual Funds ................ 2,597,374,478 1,885,842,763
Common/Collective Trust ..... 975,248,107 1,000,498,950
Short-Term Investments &
Cash ...................... 23,463,245 33,917,843
Participant Loans ........... 158,227,282 164,475,128
--------------- ---------------
Total ..................... $10,249,652,583 $10,432,262,621
Receivables
Due from E. I. du Pont
de Nemours and Company .... $ 31,192,637 $ 31,672,015
--------------- ---------------
Net Assets Available for
Benefits .................... $10,280,845,220 $10,463,934,636
=============== ===============
The accompanying notes are an integral part of these financial
statements.
PAGE 6
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY
STATEMENT OF CHANGES
IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED SEPTEMBER 30, 2000 and 1999
September 30,
-----------------------------------
2000 1999
---------------- ----------------
Investment Income
Interest ............................. $ 361,162,149 $ 383,911,714
Dividends ............................ 200,824,299 163,939,906
Net (Depreciation) Appreciation
in Fair Market Value of
Investments ........................ (185,663,226) 679,598,121
--------------- ---------------
Total Investment Income ................ $ 376,323,222 $ 1,227,449,741
Contributions
DuPont Company's Contributions
(Net of Forfeitures Applied of
$273,062 and $219,000 in 2000
and 1999) .......................... $ 67,631,978 $ 64,589,230
Participant Contributions ............ 250,100,866 253,602,620
Rollovers ............................ 49,452,800 93,335,153
--------------- ---------------
Total Contributions .................... $ 367,185,644 $ 411,527,003
--------------- ---------------
Total Additions ........................ $ 743,508,866 $ 1,638,976,744
--------------- ---------------
Withdrawals ............................ $ (925,203,935) $ (806,004,591)
Assets Transferred Out, Net ............ $ (1,394,347) $ (36,647,121)
--------------- ---------------
Total Deductions ....................... $ (926,598,282) $ (842,651,712)
--------------- ---------------
Net (Decrease) Increase ................ $ (183,089,416) $ 796,325,032
Net Assets Available for Benefits:
Beginning of Year .................... $10,463,934,636 $ 9,667,609,604
--------------- ---------------
End of Year .......................... $10,280,845,220 $10,463,934,636
=============== ===============
The accompanying notes are an integral part of these financial statements.
PAGE 7
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS
NOTE 1 -- DESCRIPTION OF SAVINGS AND INVESTMENT PLAN:
THE PLAN
The following description of the Savings and Investment Plan of
E. I. du Pont de Nemours and Company ("the Plan") provides only general
information. Participants should refer to the Plan agreement for a more
comprehensive description of the Plan's provisions.
The Plan is a defined contribution plan which was established by the
Board of Directors of E.I. du Pont de Nemours and Company (the "Company") and
became effective September 1, 1955. The Plan is subject to the provisions of
the Employee Retirement Income Security Act of 1974 ("ERISA") and the Internal
Revenue Code.
The purpose of the Plan is to encourage and assist employees in
following a systematic savings program suited to their individual financial
objectives, and to provide an opportunity for employees to become stockholders
of the Company. The Plan is a tax qualified contributory profit sharing plan.
Any employee of the Company or employee of the Company's subsidiaries or
general partnerships which have adopted the Plan is eligible to participate in
the Plan. Effective January 1, 1999, eligible employees may enroll in the
Plan as of the first day of the second calendar month following their date of
hire. Prior to January 1, 1999, eligible employees could enroll in the Plan
after they had completed at least one year of continuous service or they had
been compensated for 1,000 or more hours in a period of twelve consecutive
months.
Eligible employees may participate in the Plan by authorizing the
Company to make payroll deductions ("participant's savings"). The amount
deducted can be deposited into a Before-tax account, Regular account (for
after-tax savings) or some combination thereof. A participant may elect the
maximum savings rates of 22% before-tax and 22% after-tax. The Company will
contribute an amount equal to 50% of a participant's savings during a month
except that no Company contribution will be made for participant's savings in
excess of 6% of monthly pay. All of the above participant's savings and
elections are subject to regulatory and Plan limitations.
The Company may, at its option, issue DuPont common stock in lieu of
cash contributions to the DuPont Common Stock Fund and also in lieu of cash
dividends on DuPont common stock. The number of shares issued is based upon
the cash value of the contributions and dividends divided by the market value
of DuPont common stock at the end of the month of issue. Shares of DuPont
common stock are allocated to participants in the DuPont Common Stock Fund
based on the ratio of the amount deposited to each participant's account to
the total amount contributed to the DuPont Common Stock Fund. No such con-
tributions of DuPont common stock were made during the Plan years ended
September 30, 2000 and 1999.
PAGE 8
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
A participant with less than five years of service who withdraws any
matched before-tax or after-tax savings will forfeit a portion of related
company contributions in accordance with specific plan provisions. Company
contributions will be suspended for six months if a participant withdraws,
while in-service, any matched before-tax or after-tax savings or company
contributions contributed to the account during the last two years. A
participant who retires from active service may elect to make an account
withdrawal at any time. Required minimum distributions will begin in March of
the calendar year following the later of the year in which the participant
attains age 70-1/2 or the year following retirement or termination of
employment.
Participants may borrow up to one-half of their nonforfeitable account
balances subject to certain minimum and maximum loan limitations. The loans
are executed by promissory notes and have a minimum term of 12 months and a
maximum term of 60 months, except for qualified residential loans which have a
maximum term of 120 months. The loans bear an interest rate equal to the
average rate charged by selected major banks to prime customers for secured
loans. The loans are repaid over the term in monthly installments of
principal and interest by deduction from pay or pension checks. A participant
also has the right to repay the loan in full at any time without penalty.
ADMINISTRATION
The designated trustee of the Plan is Merrill Lynch Trust Company of
America (Merrill Lynch). The administration of the Plan is vested in the
Company which may designate one or more persons to operate and administer the
Plan. The Company has the responsibility of appointing the trustees and the
authority to designate the Plan's investment options. Reasonable expenses of
administering the Plan, including, but not limited to, recordkeeping expenses,
trustee fees and transactional costs may, at the election of the Plan
Administrator, be paid by participants. For the years ended September 30,
2000 and 1999, such expenses were paid by the Company. Brokerage fees,
transfer taxes, investment fees and other expenses incident to the purchase
and sale of securities and investments shall be included in the cost of such
securities or investments, or deducted from the sales proceeds, as the case
may be.
While the Company has not expressed any intent to terminate the Plan,
it is free to do so at any time. In the event the Plan is terminated, all
participants become vested and the distribution of all account balances will
be made based upon the valuation of participants' accounts on the termination
date in accordance with ERISA.
PAGE 9
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
NOTE 2 -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
INVESTMENT VALUATION AND INCOME RECOGNITION
The accompanying financial statements are prepared on the accrual
basis of accounting. The Plan's investments are stated at fair value, except
for the Plan's interest in the DuPont and Related Companies Defined
Contribution Plan Master Trust ("Master Trust"). The Plan's interest in the
Master Trust relating to investment contracts is based upon its beginning
value plus actual contributions and allocated investment income less actual
distributions (See Note 3). The Master Trust's investment contracts are fully
benefit responsive and thus, are stated at contract value. Mutual funds are
valued at quoted market prices which represent the net asset values of shares
held by the Plan at year end. Common/collective trust funds are valued at
unit value, which represents the fair value of the underlying assets as
reported by the applicable custodian. Company stock is valued at its quoted
market price at year end. Loans to participants, short-term investments and
cash are valued at cost which approximates fair value.
Dividend income is recorded on the ex-dividend date and interest
income is recorded when earned. Realized gains and losses on the sale of the
DuPont Common Stock Fund securities are based on average cost of the
securities sold. Purchases and sales are recorded on a trade date basis.
USE OF ESTIMATES
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires the
Plan Administrator to make estimates and assumptions that affect the reported
amounts in the financial statements. Actual results could differ from those
estimates.
RECLASSIFICATIONS
These financial statements reflect the reclassification of certain
prior year investment amounts to conform to the current year presentation.
PAGE 10
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
NOTE 3 -- DUPONT AND RELATED COMPANIES DEFINED CONTRIBUTION PLAN MASTER TRUST
On April 1, 1999, the Company and certain affiliates (as employers)
entered into a Master Trust Agreement with Merrill Lynch Trust Company of
America (as the Trustee) to establish a master trust to allow participants
from affiliated plans to invest in a Stable Value Fund and three different
Asset Allocation Funds: the Conservative, the Moderate and the Aggressive.
To participate in the Master Trust, affiliates who sponsor qualified savings
plans and who have adopted the Master Trust agreement, are required to make
monthly payments to the Trustee of designated portions of employees' savings
and other contributions by the affiliate. The Plan's undivided interest in
the Master Trust was 99.80% as of September 30, 2000 and 1999. Investment
income relating to the Master Trust is allocated proportionately by investment
fund to the plans within the Master Trust based on the plan's interest to the
total fair value of the Master Trust investment funds.
The Stable Value Fund is invested in guaranteed investment contracts,
separate account portfolios, synthetic guaranteed investment contracts and
money market funds. The crediting interest rates on investment contracts
ranged from 5.83% to 9.60% for the year ended September 30, 2000 and from
5.41% to 9.60% for the year ended September 30, 1999. The fund's blended rate
of return was 6.71% in 2000 and 7.4% in 1999.
The crediting rates for investment contracts are reset annually and
are based on the market value of the underlying portfolio of assets backing
these contracts. Inputs used to determine the crediting rate include each
contract's portfolio market value, current yield-to-maturity, duration (i.e.,
weighted average life), and market value relative to contract value. All
contracts have a guaranteed rate of 0% or higher.
A synthetic guaranteed investment contract provides for a guaranteed
return on principle over a specified period of time through the use of
underlying assets and a benefit responsive wrapper contract issued by a third
party. Included in the contract value of synthetic guaranteed investment
contracts is $21,464,747 and $17,604,845 at September 30, 2000 and 1999,
respectively, attributable to wrapper contract providers representing the
amounts by which the value of contracts exceed the value of the underlying
assets.
The Asset Allocation Funds invest in Mutual Funds, Common Collective
Trust Funds and Stable Value Fund assets.
PAGE 11
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
(Dollars in Thousands Unless Otherwise Noted)
Assets of the Master Trust Include:
September 30,
-------------------------------
2000 1999
-------------- --------------
Investment Contracts ..................... $5,158,333,074 $5,586,699,003
Common Collective Trust Funds ............ 26,587,878 -
Money Market Funds ....................... 33,121,676 39,608,197
-------------- --------------
Total .................................... $5,218,042,068 $5,626,307,200
Investments of the Master Trust that represent more than 5% of Assets
of the Master Trust were as follows:
September 30,
-----------------------------
2000 1999
------------ ------------
Investment Contract
Metropolitan Life ........................ $405,928,779 $381,576,857
Principal Insurance ...................... 276,390,886 -
Aetna Life and Annuity ................... 351,038,902 329,812,425
Monumental Life (BDA-0052-TR) ............ 296,177,054 -
CDC Financial ............................ 330,426,986 308,622,693
Deutsche Bank (DUP-1) .................... 324,928,188 304,498,972
J. P. Morgan GT (95-004) ................. 315,700,960 297,179,382
J. P. Morgan GT (95-12) .................. 348,323,601 327,983,383
Union Bank of Switzerland ................ 409,262,889 383,246,253
Monumental Life (BDA-0063-TR) ............ 350,732,264 328,888,833
Deutsche Bank (94747) .................... 341,082,415 317,675,427
Deutsche Bank (PIM-DUP1) ................. - 467,121,395
At September 30, 2000, the total assets of the Master Trust of
$5,218,042,068 include participant investments in the Stable Value Fund of
$5,170,372,387 and participant investments of $47,669,681 held by the
Conservative, Moderate and Aggressive Allocation Portfolios. At September 30,
1999, the total Master Trust value of $5,626,307,200 included participant
investments in the Stable Value Fund of $5,610,158,424 and participant
investments of $16,148,776 held by the Conservative, Moderate and Aggressive
Allocation Portfolios.
PAGE 12
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
Total interest income for the years ended September 30, 2000 and 1999
was $359,459,675 and $370,168,535, respectively.
NOTE 4 -- INVESTMENTS
Investments that represent more than 5% of the net assets available
for benefits as of September 30, 2000 and 1999 were as follows:
September 30,
-------------------------------
2000 1999
-------------- --------------
DuPont Company Stock Fund .................. $1,232,917,521 $1,681,131,661
Fidelity Magellan Fund ..................... 786,433,281 753,400,659
Merrill Lynch Equity Index Tier 6 Fund ..... 759,298,753 746,423,394
Master Trust Fund Assets ................... 5,196,592,924 5,557,543,668
None of these investments were nonparticipant-directed.
During the years ended September 30, 2000 and 1999, the Plan's invest-
ments appreciated (depreciated) (including realized gains and losses) in value
as follows:
Net Appreciation/Depreciation in Fair Market Value of Investments:
September 30,
-------------------------------
2000 1999
-------------- --------------
Common Stock ............................... $(561,134,768) $168,690,461
Mutual Funds ............................... 247,644,625 296,776,653
Common Collective Trusts ................... 123,804,067 214,131,007
Master Trust ............................... 4,022,850 -
------------- ------------
Total $(185,663,226) $679,598,121
Realized and unrealized gains and losses are calculated based upon
historical cost of assets. Such gains and losses are computed on a current
value basis for Form 5500. The difference may result in a differing classi-
fication between realized and unrealized but the total gain or loss will be
unaffected.
PAGE 13
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
NOTE 5 -- ASSET TRANSFERS
Net asset transfers out of the Plan during the years ended
September 30, 2000 and September 30, 1999 relate primarily to: (1) the
transfer of $670,039 and ($31,716,973), respectively from/to the DuPont
Photomasks, Inc. 401(K) Retirement Plan in connection with the 1997 initial
public offering of DuPont Photomasks, Inc. business; (2) the transfer of
($2,558,384) in 1999 in connection with the sale of the hydrogen peroxide
facility in Memphis, Tennessee in September 1998 to Elf Atochem North America,
Inc.; and (3) the transfer of ($864,503) and ($2,106,774), respectively in
connection with the transfer of participants to Computer Sciences Corporation
("CSC") in conjunction with the information technology alliance between the
Company and CSC.
Affiliated company transfers of ($1,176,946) and $2,661,526,
respectively to/from the Plan represent the net rollovers of participant
account balances (out) in of the Plan and other Company-sponsored defined
contribution benefit plans.
NOTE 6 -- CONOCO CLASS B COMMON STOCK FUND
On September 28, 1998, the Company announced that the Board of
Directors had approved a plan to divest the Company's 100 percent-owned
petroleum business (Conoco, Inc.). On August 6, 1999, the Company completed
the planned divestiture through a tax-free split-off. The Company exchanged
its shares of Conoco Class B common stock for shares of Company common stock.
Plan participants had the option to exchange shares of Company common stock
which were held in their participant accounts in the DuPont Common Stock Fund.
For each share of Company common stock exchanged, the participant received
shares of Conoco Class B common stock equal in value to the Company shares
surrendered. Accordingly, the Conoco Class B Stock Fund was created as an
investment fund of the Plan. No additional shares of Conoco Class B common
stock may be purchased by Plan participants through payroll deductions, fund
transfers, or the reinvestment of dividends. Dividends earned on Conoco Class
B common stock are distributed pro rata to the investment options in partici-
pants' accounts based upon their current investment elections. The balance of
the Conoco Stock Fund was $65,902,400 and $88,923,543 at September 30, 2000
and 1999, respectively.
PAGE 14
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
NOTE 7 -- INCOME TAX STATUS
The Plan is a qualified plan pursuant to Section 401(a) of the
Internal Revenue Code (the "Code") and the related Trusts are exempt from
federal taxation under Section 501(a) of the Code. A favorable tax deter-
mination letter from the Internal Revenue Service dated October 26, 1995 has
been received by the Plan. The Plan has been amended since receiving the
determination letter. However, the Plan administrator and the Plan's ERISA
counsel believe that the Plan is currently designed and operated in accordance
with the applicable sections of the Code. Accordingly, no provision has been
made for federal income taxes in the accompanying financial statements.
NOTE 8 -- RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits
from the financial statements to the Form 5500:
September 30,
------------------------------------
2000 1999
---------------- ----------------
Net assets available for benefits
as recorded in the financial
statements ......................... $10,280,845,220 $10,463,934,636
Less: Amounts allocated to
withdrawing participants ........... (9,631,000) (4,632,735)
--------------- ---------------
Net assets available for benefits as
recorded in the Form 5500 .......... $10,271,214,220 $10,459,301,901
=============== ===============
PAGE 15
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
NOTES TO FINANCIAL STATEMENTS - (Continued)
The following is a reconciliation of benefits paid to participants
from the financial statements to the Form 5500:
Year Ended
September 30, 2000
------------------
Benefits paid to participants as recorded
in the financial statements ......................... $925,203,935
Add: Amounts allocated to withdrawing
participants at September 30, 2000 .................. 9,631,000
Less: Amounts allocated to withdrawing
participants at September 30, 1999 .................. (4,632,735)
------------
Benefits paid to participants as recorded
in the Form 5500 .................................... $930,202,200
============
Amounts allocated to withdrawing participants are recorded on the
Form 5500 for benefit claims that have been processed and approved for payment
prior to September 30 but not yet paid as of that date.
NOTE 9 -- RELATED PARTY TRANSACTIONS
Certain Plan investments are shares of mutual funds and common/
collective trust funds managed by the Trustee. In addition the Plan offers a
Company Stock Fund investment option. The Master Trust is managed by DuPont
Capital Management and the Trustee. Transactions in these investments qualify
as party-in-interest transactions which are exempt from the prohibited
transaction rules.
PAGE 16
SAVINGS AND INVESTMENT PLAN
OF
E. I. DU PONT DE NEMOURS AND COMPANY (THE "COMPANY")
SCHEDULE I
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SEPTEMBER 30, 2000
Investment Fund Total
------------------------------------------ ---------------
Plan Interest in DuPont and Related
Companies Defined Contribution
Plan Master Trust ("Master Trust") .... $ 5,196,592,924
*Conoco Common Stock ..................... 65,829,026
*DuPont Common Stock ..................... 1,232,917,521
Fidelity Low Priced Stock ............... 36,556,930
Franklin Small Cap Growth ............... 178,809,019
Janus Enterprise ........................ 341,159,053
Janus Mercury ........................... 503,076,831
Hotchkis & Wiley Int'l .................. 42,177,832
MFS Total Return Fund ................... 6,723,919
*Merrill Lynch Global Holdings ........... 61,310,517
Templeton Growth ........................ 19,434,324
Aim Value Fund .......................... 89,170,345
Fidelity Growth & Income ................ 81,389,734
*Merrill Lynch Growth Fund ............... 16,313,908
Aim Equity Constellation ................ 56,314,498
Franklin B/S ............................ 11,855,633
Templeton Foreign Fund .................. 37,316,359
Fidelity Magellan Fund .................. 786,433,281
Fidelity Fund ........................... 81,416,237
Fidelity Equity Income .................. 30,086,099
Franklin Custody ........................ 10,334,021
MFS Research ............................ 30,778,054
*Merrill Lynch Capital Fund .............. 63,848,547
*Merrill Lynch Basic Value Fund .......... 112,869,337
Barclays 3 Way .......................... 180,568,803
*Merrill Lynch Small Cap Index ........... 17,617,786
*Merrill Lynch Equity Index Tier 6 ....... 759,298,753
*Merrill Lynch Int'l Index ............... 17,762,765
Participant Loans ....................... 158,227,282
Short-Term Investments .................. 23,463,245
---------------
$10,249,652,583
----------
*Party-in-interest
PAGE 17
EXHIBIT 24
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Registra-
tion Statement on Form S-8 (No. 33-36339) of E. I. du Pont de Nemours and
Company of our report dated March 14, 2001, which appears on page 4 of this
Form 11-K.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
March 22, 2001