UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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, 2007
OR
( )
TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
For the
transition period from____ to
_____
COMMISSION
FILE NUMBER 1-14756
A.
|
Full
title of the plan and the address of the plan, if different
from
that of the issuer named
below:
|
AMEREN
CORPORATION EMPLOYEE
LONG-TERM
SAVINGS PLAN – IBEW NO. 702
(formerly
known as the Central Illinois Public Service Company
Employee
Long - Term Savings Plan – IBEW 702)
No added
reference was added to this page on last filing for Local 148
B.
|
Name
of issuer of securities held pursuant to the plan and the
address
of
its principal executive office:
|
Ameren
Corporation
1901
Chouteau Avenue
St.
Louis, Missouri 63103
Employee
Long-Term
Savings
Plan - IBEW No. 702
Financial
Statements and Additional Information
December
31, 2007 and 2006
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Index
December
31, 2007 and 2006
Page(s)
Report of Independent Registered Public
Accounting
Firm
|
1
|
Financial
Statements
|
|
Statements
of Net Assets Available for Benefits
|
2
|
Statements
of Changes in Net Assets Available for Benefits
|
3
|
Notes
to Financial Statements
|
4-10
|
Additional
Information*
|
|
Schedule
I: Schedule of Assets (Held at End of Year)
|
11
|
|
|
*
|
Other
schedules required by 29 CFR 2520.103-10 of the Department of Labor’s
Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974 (“ERISA”), as amended, have been
omitted because they are not
applicable.
|
Report
of Independent Registered Public Accounting Firm
To the
Participants and Administrator of the
Ameren
Corporation Employee Long-Term
Savings
Plan – IBEW No. 702
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
Ameren Corporation Employee Long-Term Savings Plan – IBEW No. 702 (the “Plan”)
at December 31, 2007 and 2006, 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 the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audits
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements, 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 supplemental schedule of
assets (held at end of year) is presented for the purpose of additional analysis
and is not a required part of the basic 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 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.
The
schedule of assets (held at end of year) that accompanies the Plan’s financial
statements does not disclose the historical cost of certain
nonparticipant-directed Plan assets held by the Plan’s
trustee. Disclosure of this information is required by the Department
of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers
LLP
St.
Louis, Missouri
June 27,
2008
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Statements
of Net Assets Available for Benefits
December
31, 2007 and 2006
|
2007
|
|
|
2006
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Investments
(Note 6)
|
$ |
57,944,977 |
|
|
$ |
55,169,179 |
|
|
|
|
|
|
|
|
|
Cash
|
|
1,287 |
|
|
|
1,341 |
|
|
|
|
|
|
|
|
|
Receivables
|
|
|
|
|
|
|
|
Participant
contributions
|
|
186,319 |
|
|
|
132,109 |
|
Employer
contributions
|
|
21,741 |
|
|
|
15,936 |
|
Dividends
and interest
|
|
7,795 |
|
|
|
3,986 |
|
Due
from broker for securities sold
|
|
2,258 |
|
|
|
160 |
|
|
|
|
|
|
|
|
|
Total
receivables
|
|
218,113 |
|
|
|
152,191 |
|
|
|
|
|
|
|
|
|
Net
assets reflecting all investments at fair value
|
|
58,164,377 |
|
|
|
55,322,711 |
|
|
|
|
|
|
|
|
|
Adjustment
from fair value to contract value for fully benefit-
responsive
investment contracts
|
|
|
|
44,726 |
|
|
|
87,074 |
|
|
|
|
|
|
|
|
|
Net
assets available for benefits
|
$ |
58,209,103 |
|
|
$ |
55,409,785 |
|
The
accompanying notes are an integral part of these financial statements.
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Statements
of Changes in Net Assets Available for Benefits
Years
Ended December 31, 2007 and 2006
|
2007
|
|
|
2006
|
|
|
|
|
|
|
|
Additions
|
|
|
|
|
|
Interest
and dividends
|
$ |
1,975,897 |
|
|
$ |
1,608,583 |
|
Net
appreciation in fair value of investments (Note
6)
|
|
1,630,181 |
|
|
|
4,164,542 |
|
Participant
contributions
|
|
3,521,544 |
|
|
|
3,452,768 |
|
Employer
contributions
|
|
445,957 |
|
|
|
432,702 |
|
|
|
|
|
|
|
|
|
Total
additions
|
|
7,573,579 |
|
|
|
9,658,595 |
|
|
|
|
|
|
|
|
|
Deductions
|
|
|
|
|
|
|
|
Benefits
paid to participants
|
|
4,769,179 |
|
|
|
2,819,488 |
|
Administrative
expenses
|
|
5,082 |
|
|
|
3,979 |
|
|
|
|
|
|
|
|
|
Total
deductions
|
|
4,774,261 |
|
|
|
2,823,467 |
|
|
|
|
|
|
|
|
|
Net
Plan transfers out (Note 1)
|
|
- |
|
|
|
(681,561 |
) |
|
|
|
|
|
|
|
|
Net
increase
|
|
2,799,318 |
|
|
|
6,153,567 |
|
|
|
|
|
|
|
|
|
Net
assets available for benefits
|
|
|
|
|
|
|
|
Beginning
of the year
|
|
55,409,785 |
|
|
|
49,256,218 |
|
|
|
|
|
|
|
|
|
End
of the year
|
$ |
58,209,103 |
|
|
$ |
55,409,785 |
|
|
|
|
|
|
|
|
|
The
accompanying notes are an integral part of these financial statements.
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Notes
to Financial Statements
Years
Ended December 31, 2007 and 2006
1.
|
Description
of the Plan
|
General
The
following is a brief summary of the various provisions of the Ameren Corporation
Employee Long-Term Savings Plan - IBEW No. 702 (the “Plan”). The Plan
provides for the investment in certain funds by each participating employee
(“Participants”) who are members of the IBEW No. 702 collective bargaining unit
employed by Central Illinois Public Service Company (AmerenCIPS), a
wholly owned subsidiary of Ameren Corporation (“the Company”), or Ameren Energy
Generating Company, an indirectly wholly owned subsidiary of the Company
(“Participating Subsidiaries”), as applicable. Participants should
refer to the Plan document for more complete information.
The
Company adopted the Plan on January 1, 1990, to provide a systematic means
by which certain eligible employees of the Company may contribute to a regular
savings program and secure federal income tax benefits resulting from
participation in the Plan. The Plan is a defined contribution plan
subject to certain provisions of ERISA, as amended, and regulations of the
Securities and Exchange Commission.
The
Company serves as sponsor of the Plan, and, consequently, has the authority to
amend or terminate the Plan subject to certain restrictions. The
Board of Directors of the Company has the authority and responsibility for the
general administration of the Plan. Merrill Lynch & Co., Inc.
(“Merrill Lynch”), as Trustee, has the authority and responsibility to hold and
protect the assets of the Plan in accordance with Plan
provisions. See Note 8, Subsequent Event, which discusses the merger
of the Plan into the Savings Investment Plan on February 1, 2008.
Participation
Each
employee of the Participating Subsidiaries receiving regular salary or wages who
is part of the IBEW Local No. 702 collective bargaining unit and who has both
completed one year of service (defined as a consecutive twelve-month period
beginning with his/her employment commencement date or anniversary thereof
during which he/she has completed at least 1,000 hours of service) and has
attained the age of 21 is eligible to become an active participant.
Contributions
The Plan
allows Participants to contribute up to the lesser of one to 100 percent of
their base compensation, or the maximum prescribed by applicable law ($15,500 in
2007 and $15,000 in 2006), annually to the Plan through payroll deductions
(basic contributions). The Company makes an Employer Basic Matching
Contribution equal to $.25 for each $1.00 on the first six percent of a
Participant’s contribution. The contribution was increased effective August 1,
2007 for members employed at the Newton, Illinois plant to $.45 for each $1.00
on the first six percent of a Participant’s contribution by adding an Employer
Additional Matching Contribution of $.20 for each $1.00 on the first six percent
of a Participant’s contribution. Company contributions are made in accordance
with specific agreements between the Company and the collective bargaining
unit. The Employer Additional Matching Contributions are invested in the
Ameren Common Stock Fund, but participants have the opportunity to immediately
allocate these contributions to different investments if so desired. All
Company matching contributions are made to the extent sufficient earnings are
available, as described in the Plan document.
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Notes
to Financial Statements
Years
Ended December 31, 2007 and 2006
The Plan
permits “catch-up” contributions for all employees age 50 and older. Eligible
employees could contribute $5,000 in 2007 and $5,000 in 2006 as a “catch-up”
contribution. The Company does not match “catch-up” contributions.
Participants
direct their contributions and a portion of the Company's matching contributions
by electing that such contributions be placed in a single investment fund or
allocated in increments of one percent to any combination of available
investment funds. Such fund allocation elections may be changed
daily. Earnings derived from the assets of any investment fund are
reinvested in the fund to which they relate. Participants may elect
daily to reallocate the value of their accounts between funds, in whole dollars,
percents, or number of shares. Pending investment of the assets into
any investment fund, the Trustee may temporarily purchase short-term investments
on behalf of participants.
Participant
Loans
The Plan
permits Participants to borrow from their accounts within the
Plan. Such borrowings may be made subject to the following: (1) the
minimum amount of the loan is $500, (2) the amount of the loan may not exceed
the lesser of $50,000 or fifty percent of the vested amount in the Participant's
account, (3) the loan will bear a fixed interest rate and repayments will be
made through mutual agreement subject to certain statutory repayment time
limits, and (4) such other rules and regulations as may be adopted by the
Company. At December 31, 2007 and 2006, the interest rates on
Participant loans ranged from 4.0 percent to 9.5 percent.
Vesting
The
amounts in Participants' accounts, including Company contributions, are fully
vested at all times.
Payment
of Benefits
Upon
termination of employment for any reason, a Participant will be entitled to
receive the balance in the Participant’s account less the unpaid amount of any
outstanding loan, including accrued interest. Generally,
distributions will be made in a lump sum; however, in certain circumstances a
Participant may also elect to receive his/her distribution in
installments. Certain distributions may be deferred until a
Participant reaches age 70 1/2, dies, or requests an earlier distribution,
whichever occurs first.
Plan
Transfers
For 2006,
Plan transfers out represent Participants’ account balances which were
transferred from the Plan into the Ameren Corporation Savings Investment Plan
(Savings Investment Plan). They were due to participants changing
their participant status, such as transferring to a different collective
bargaining unit or transferring from a collective bargaining unit to a
management position.
Plan
Termination
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. Any unallocated assets of the Plan shall be allocated to
participant accounts and distributed in such a manner as provided for in the
Plan document. See Note 8, Subsequent Event, which discusses the
merger of the Plan into the Savings Investment Plan on February 1,
2008.
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Notes
to Financial Statements
Years
Ended December 31, 2007 and 2006
2.
|
Summary
of Significant Accounting Policies
|
Basis
of Accounting
The
accompanying financial statements of the Plan are prepared on the accrual basis
of accounting, except that benefit payments to participants are recorded upon
distribution.
Use
of Estimates
The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of changes in net assets
available for benefits during the reporting period. Actual results
could differ from those estimates.
The
Company adopted the provisions of Financial Accounting Standards Board Staff
Position AAG INV-1 and SOP 94-4-1, Reporting of Fully Benefit
Responsive Investment Contracts Held by Certain Investment Companies Subject to
the AICPA Investment Company Guide and Defined-Contribution Health and Welfare
and Pension Plans (the "FSP") as of the plan year ended December 31,
2006. The FSP requires investment contracts held by
defined-contribution plans to be reported at fair value. Previously,
the Plan had reported fully benefit responsive investment contracts at contract
value which represents the amount contractually available for participant
benefits under the investment contract. As required by the FSP, the
Statement of Net Assets Available for Benefits presents the fair value of the
investment contracts as a component of investments. The difference
between the fair value of the investment contracts and the contract value is
presented as the "Adjustment from fair value to contract value for fully
benefit-responsive investment contracts" in the Statement of Net Assets
Available for Benefits. The adoption of the FSP did not impact the
Statement of Changes in Net Assets Available for Benefits.
Investments
All
investments are presented at fair value as of December 31, 2007 and
2006. The fair value of the Ameren Common Stock Fund was determined
using the year-end published market price. Investments in equity
securities and bonds are valued at published net asset market values including
accrued income on the last business day of each year. Investments in
the BGI Money Market Fund are valued at cost plus accrued income, which
approximates fair value. Investments in the Merrill Lynch Retirement
Preservation Trust are presented at fair value and adjusted to contract value to
represent benefits available to Plan participants. Participant loans
are valued at cost which approximates fair value.
Investment
securities are exposed to various risks, such as interest rate, market, and
credit. Due to the level of risk associated with certain investment
securities and the level of uncertainty related to changes in the value of
investment securities, it is at least reasonably possible that changes in risks
in the near term could materially affect the amounts reported in the Statement
of Net Assets Available for Benefits.
Income
Interest
income is recorded on the accrual basis. Dividend income is recorded
on the ex-dividend date. Gains and losses on security transactions
are recorded on the trade date.
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Notes
to Financial Statements
Years
Ended December 31, 2007 and 2006
Administrative
Expenses
In
general, expenses to administer the Plan, including fees and expenses of the
Trustee, are paid by the Company, except as provided for in the Plan
provisions. All transaction and investment management fees of an
investment fund are paid from the assets of that investment fund.
Recent
Accounting Pronouncements
In
September 2006, the FASB issued Statement of Financial Accounting Standards No.
157, Fair Value Measurements
("SFAS 157"), which defines fair value, establishes a framework for
measuring fair value, and expands disclosures about fair value
measurements. SFAS 157 clarifies that fair value is a market based
measurement that should be determined based on the assumption that market
participants would use in pricing an asset or liability. This
standard is effective for the Plan for the 2008 fiscal year. The
Company is in the process of determining the impact of the adoption of SFAS 157,
if any; however, at this time it does not expect the impact of adoption to be
material.
3.
|
Transactions
with Parties-in-Interest
|
At
December 31, 2007, the Plan held Company common stock with a cost and market
value of $11,081,006 and $11,241,006 respectively. During 2007, the
Plan purchased shares at a cost of $3,423,417 and sold shares valued at
$3,657,890.
At
December 31, 2006, the Plan held Company common stock with a cost and market
value of $11,234,862 and $11,719,800, respectively. During 2006, the
Plan purchased shares at a cost of $1,996,564 and sold shares valued at
$4,103,603.
At
December 31, 2007, the Plan held investments in various investment funds that
are related to Merrill Lynch, the Plan’s Trustee. At December 31,
2007, these investments had a cost and market value of $31,176,420 and
$32,467,492, respectively.
At
December 31, 2006, the Plan held investments in various investment funds that
are related to Merrill Lynch, the Plan’s Trustee. At December 31,
2006, these investments had a cost and market value of $28,165,662 and
$30,847,511, respectively.
These
transactions are allowable party-in-interest transactions under Section
408(b)(8) of ERISA.
4.
|
Reconciliation
of Financial Statements to Form
5500
|
The
following is a reconciliation of net assets available for benefits per the
financial statements to the Form 5500 at December 31, 2007 and
2006:
|
2007
|
|
|
2006
|
|
|
|
|
|
|
|
Net
assets available for benefits per the
|
|
|
|
|
|
financial
statements
|
$ |
58,209,103 |
|
|
$ |
55,409,785 |
|
Amounts
allocated to withdrawing Participants
|
|
(31,287 |
) |
|
|
(1,341 |
) |
Adjustment
from contract value to fair value for
|
|
|
|
|
|
|
|
fully
benefit-responsive investment contracts
|
|
(44,726 |
) |
|
|
(87,074 |
) |
|
|
|
|
|
|
|
|
Net
assets available for benefits per the Form 5500
|
$ |
58,133,090 |
|
|
$ |
55,321,370 |
|
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Notes
to Financial Statements
Years
Ended December 31, 2007 and 2006
The
following is a reconciliation of total additions per the financial statements to
the Form 5500 for the years ended December 31, 2007 and 2006:
|
|
|
|
|
|
|
2007
|
|
|
2006
|
|
|
|
|
|
|
|
Total
additions per the financial statements
|
$ |
7,573,579 |
|
|
$ |
9,658,595 |
|
Add: Adjustment
from contract value to fair value for
|
|
|
|
|
|
|
|
fully
benefit-responsive investment contracts as of the
|
|
|
|
|
|
|
|
current
year-end
|
|
(44,726 |
) |
|
|
(87,074 |
) |
Less: Adjustment
from contract value to fair value for
|
|
|
|
|
|
|
|
fully
benefit-responsive investment contracts as of the
|
|
|
|
|
|
|
|
prior
year-end
|
|
87,074 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Total
additions per the Form 5500
|
$ |
7,615,927 |
|
|
$ |
9,571,521 |
|
The
following is a reconciliation of benefits paid to Participants per the financial
statements to the Form 5500 for the years ended December 31, 2007 and
2006:
|
2007
|
|
|
2006
|
|
|
|
|
|
|
|
Benefits
paid to Participants per the
|
|
|
|
|
|
financial
statements
|
$ |
4,769,179 |
|
|
$ |
2,819,488 |
|
Add: Amounts
allocated to withdrawing
|
|
|
|
|
|
|
|
Participants
during the current year
|
|
31,287 |
|
|
|
1,341 |
|
Less: Amounts
allocated to withdrawing
|
|
|
|
|
|
|
|
Participants
during the prior year
|
|
(1,341 |
) |
|
|
(1,844 |
) |
|
|
|
|
|
|
|
|
Benefits
paid to Participants per the Form 5500
|
$ |
4,799,125 |
|
|
$ |
2,818,985 |
|
Amounts
allocated to withdrawing Participants are recorded on the Form 5500 for
requested withdrawals that have been processed and approved for payment prior to
December 31, but not yet paid as of that date.
5.
|
Federal
Income Tax Status
|
The
Company received a favorable determination letter from the Internal Revenue
Service dated May 29, 2002, concerning the qualification of the Plan under
federal income tax regulations. Effective January 31, 2007, the
Company has filed for re-qualification of the Plan with the Internal Revenue
Service. Management believes that the Plan is currently designed and is being
operated in compliance with requirements of the Internal Revenue Code and that
the Plan is tax exempt as of the financial statement date.
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Notes
to Financial Statements
Years
Ended December 31, 2007 and 2006
The
following table presents investments of the Plan at December 31, 2007 and 2006,
respectively:
|
2007
|
|
|
2006
|
|
Investments
at Fair Value
By Quoted Market Price
|
|
|
|
|
|
Common
Stock
|
|
|
|
|
|
Ameren
Common Stock Fund(1)
|
$ |
11,241,006 |
|
|
$ |
11,719,800 |
|
|
|
|
|
|
|
|
|
Managed
Domestic Equity Funds
|
|
|
|
|
|
|
|
Merrill
Lynch Equity Index Trust(1)
|
|
12,397,668 |
|
|
|
12,145,181 |
|
BlackRock
Growth Equity Fund(1)
|
|
7,802,491 |
|
|
|
7,711,876 |
|
American
Funds Washington Mutual Investors Fund(1)
|
|
5,297,500 |
|
|
|
4,889,413 |
|
BlackRock
Global Allocation Fund(1)
|
|
5,636,072 |
|
|
|
4,540,641 |
|
BlackRock
Balanced Capital Fund
|
|
1,804,363 |
|
|
|
1,865,277 |
|
|
|
|
|
|
|
|
|
Managed
Fixed Income Fund
|
|
|
|
|
|
|
|
BGI
Government Corporate Bond Index Fund(1)
|
|
2,928,934 |
|
|
|
2,502,310 |
|
|
|
|
|
|
|
|
|
Investments
at Estimated Fair Value
|
|
|
|
|
|
|
|
Managed
Fixed Income Funds
|
|
|
|
|
|
|
|
Merrill
Lynch Retirement Preservation Trust(1)(2)
|
|
4,826,899 |
|
|
|
4,584,536 |
|
BGI
Money Market Fund(1)
|
|
4,444,823 |
|
|
|
3,839,414 |
|
Participant
Loan Fund
|
|
1,565,221 |
|
|
|
1,370,731 |
|
|
|
|
|
|
|
|
|
Total
investments
|
$ |
57,944,977 |
|
|
$ |
55,169,179 |
|
|
(1)
|
Investments
that represent 5 percent or more of the Plan’s net assets at December 31,
2007.
|
|
(2)
|
The
Plan holds investment contracts that are presented at fair
value. Contract value of those investments, representing the
benefits available to Plan participants, was $4,871,624 and $4,671,610 as
of December 31, 2007 and 2006,
respectively.
|
During
2007 and 2006, the Plan’s investments (including investments bought, sold, and
held during the year) appreciated in value as follows:
|
2007
|
|
|
2006
|
|
Investments
at Fair Value
|
|
|
|
|
|
Managed
Domestic Equity Funds
|
$ |
1,352,772 |
|
|
$ |
3,403,266 |
|
Managed
Fixed Income Fund
|
|
191,603 |
|
|
|
90,415 |
|
Ameren
Common Stock Fund
|
|
85,806 |
|
|
|
670,861 |
|
|
|
|
|
|
|
|
|
Net
change in fair value
|
$ |
1,630,181 |
|
|
$ |
4,164,542 |
|
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Notes
to Financial Statements
Years
Ended December 31, 2007 and 2006
7.
|
Nonparticipant-Directed
Investments
|
Information
about the net assets and the significant components of the changes in net assets
relating to the nonparticipant-directed investments at and for the years ended
December 31, 2007 and 2006 is as follows:
|
2007
|
|
|
2006
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
|
Ameren
Common Stock Fund
|
$ |
20,883 |
|
|
|
-
|
|
Employer
contributions receivable
|
|
2,414 |
|
|
|
-
|
|
|
|
|
|
|
|
|
|
Changes
in net assets
|
|
|
|
|
|
|
|
Dividends
|
|
330 |
|
|
|
-
|
|
Net
appreciation in fair value of investments
|
|
2,893 |
|
|
|
-
|
|
Employer
contributions
|
|
21,447 |
|
|
|
-
|
|
Benefits
paid to Participants
|
|
794 |
|
|
|
-
|
|
Net
transfer out to other investments
|
|
579 |
|
|
|
-
|
|
The
nonparticipant-directed investments began in August 2007 when Employer
Additional Matching Contributions were started for certain
Participants.
Effective
February 1, 2008, the Plan merged into the Savings Investment Plan (Successor
Plan). As such, all assets of the Plan were transferred to the
Successor Plan and all participants formerly in the Plan became participants in
the Successor Plan. The assets transferred into the Successor Plan
consisted of 226,077 shares of Ameren common stock, with a fair market value of
$10,114,685. In addition, cash of $42,619,392 and loan balances of
$1,523,509 were transferred into the Successor Plan.
Ameren
Corporation
Employee
Long-Term Savings Plan – IBEW No. 702
Schedule
of Assets (Held at End of Year)
December
31,
2007
Schedule I
(a)
|
(b)
|
(c)
|
(e)
|
|
Identity
of issue, borrower, lessor, or similar
party
|
Desciption
of investment including maturity
date,
rate of interest, collateral, par, or maturity
value
|
Current
value
|
|
|
|
|
*
|
Ameren
Corporation
|
Ameren
Common Stock Fund
|
$ 11,241,006
|
*
|
Merrill
Lynch Bank USA
|
Merrill
Lynch Equity Index Trust
|
12,397,668
|
*
|
BlackRock
Investment Management LLC
|
BlackRock
Growth Equity Fund
|
7,802,491
|
|
American
Funds Group
|
Washington
Mutual Investors Fund
|
5,297,500
|
* ***
|
Merrill
Lynch Bank USA
|
Merrill
Lynch Retirement Preservation Trust
|
4,826,899
|
*
|
BlackRock
Investment Management LLC
|
BlackRock
Global Allocation Fund
|
5,636,072
|
|
Barclays
Global Investors
|
BGI
Government Corporate Bond Index Fund
|
2,928,934
|
|
Barclays
Global Investors
|
BGI
Money Market Fund
|
4,444,823
|
*
|
BlackRock
Investment Management LLC
|
BlackRock
Balanced Capital Fund
|
1,804,363
|
* **
|
Participants
|
Participant
Loans
|
1,565,221
|
|
|
|
|
|
|
|
$ 57,944,977
|
*
|
Investment
represents allowable transaction with a
party-in-interest.
|
**
|
Interest
rates vary from 4.0 percent to 9.5 percent on loans maturing through
2017.
|
*** |
The
Plan holds investment contracts that are presented at fair
value. Contract value of those investments, representing the
benefits available to Plan participants, was $4,871,624 as of December 31,
2007.
|
Note: |
Information
pertaining to column (d) was not available for nonparticipant-directed
investments, and was omitted for participant-directed investments because
it was not applicable.
|
SIGNATURES
The Plan. Pursuant
to the requirements of the Securities Exchange Act of 1934, the trustees (or
other persons who administer the employee benefit plan) have duly caused this
annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
AMEREN
CORPORATION EMPLOYEE
LONG-TERM
SAVINGS PLAN –
IBEW NO.
702
AMEREN
SERVICES COMPANY
(Administrator)
By /s/ Donna K.
Martin
Donna K.
Martin
Senior
Vice President and
Chief
Human Resources Officer
June 27,
2008
EXHIBIT INDEX
Exhibit
No. Description_______________
23
Consent of Independent Registered Public Accounting
Firm
13