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## NOTE 16 

## EMPLOYEE BENEFIT PLANS continued 

The table below sets forth the plans' funded status and amounts recognized in the consolidated balance sheets at December 31, using measurement dates of September 30, 2003 and 2002. 

<img src='content_image/103743.jpg'>

At December 31, 2003 and 2002, the plans’ accumulated benefit obligation totaled $39,192,000 and $33,929,000. The Corporation’s planned contributions to its defined-benefit pension plans in 2004 total $3,314,000, of which $2,108,000 is required and $1,206,000 is discretionary. 

At September 30, 2003 the plans’ assets were allocated 67 percent to equity securities, 25 percent to debt securities, and 8 percent to real estate and other plan assets. The targeted allocation for those categories of plan assets are 40 to 80 percent, 20 to 60 percent, and 0 to 15 percent, respectively. 

