E

 

 

 


 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 5(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

 

Date of Report (Date of Earliest Event Reported) October 24, 2001

 

 

E. I. du Pont de Nemours and Company

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware

1-815

51-0014090

(State or Other Jurisdiction

(Commission

(I.R.S. Employer

Of Incorporation)

File Number)

Identification No.)

 

 

1007 Market Street

Wilmington, Delaware 19898

(Address of principal executive offices)

 

 

Registrant's telephone number, including area code: (302) 774-1000

 

 


 

 

 

 

 

 

 

1

 

 

 

Item 5. Other Events

          The Registrant Files, pursuant to Regulation FD, its earnings news release dated October 24, 2001, entitled "DuPont Reports Third Quarter 2001 Earnings," a copy of which is below. This earnings news release is also filed in connection with Debt and/or Equity Securities that may be offered on a delayed or continuous basis under Registration Statements on Form S-3 (No. 33-53327, No. 33-61339, No. 33-60069 and No. 333-86363).

 

 

October 24, 2001

Contact:

Clif Webb

WILMINGTON, Del.

 

302-774-4005

   

r-clifton.webb@usa.dupont.com

 

DUPONT REPORTS THIRD QUARTER 2001 EARNINGS

Summary

  • Third quarter 2001 earnings excluding one-time items were $.12 per share, consistent with expectations but below third quarter 2000 earnings of $.51 per share.
  • Lower net income reflects the continuing recession in U.S. manufacturing, resulting in significantly lower volumes and downward pressure on margins. Raw materials costs moderated, resulting in about a $30 million after-tax increase versus third quarter 2000.
  • One-time items in the quarter total a net benefit of $.01 per share, bringing reported earnings per share to $.13.
  • Segment sales in third quarter 2001 of $6.4 billion decreased 14 percent versus third quarter 2000, principally reflecting lower volumes and prices.
  • Worldwide local currency selling prices were down 2 percent. Adverse currency effects, principally from the weaker euro and yen, reduced third quarter worldwide segment sales by 2 percent versus prior year.
  • On October 1, 2001, the company completed the sale of DuPont Pharmaceuticals to Bristol-Myers Squibb Company for $7.8 billion.

 

Earnings Comparisons

($ per share diluted)

 

3Q'01

3Q'00

Underlying

.12

.51

One-Time Items

.01

.02

Reported

.13

.53

 

 

 

 

 

 

2

 

 

 

 

          "During the quarter we kept our focus on careful cash management and the actions needed to meet our growth targets over time," said Charles O. Holliday, Jr., DuPont chairman and chief executive officer. "Clearly we are experiencing one of the most challenging business environments the company has faced in decades. DuPont has the financial strength to face this challenge and to continue to invest in the future."

Global Sales and Income


          For the quarter, consolidated sales totaled $5.6 billion compared to $6.4 billion in 2000. Segment sales, including transfers and a pro rata share of sales by equity affiliates, were $6.4 billion, down 14 percent from $7.4 billion in 2000. Net income before one-time items was $128 million versus $537 million in 2000. The earnings decline reflects significantly lower results in most of the company's segments, principally due to lower worldwide sales volumes and U.S. dollar margins.

          Net income including one-time items was $142 million, compared to earnings of $562 million in the third quarter of 2000.

One-Time Items

          One-time items for third quarter 2001 and third quarter 2000 are described in the notes to the accompanying financial statements and are summarized in the table below:

 

$MM Pretax

$MM After-Tax

($ Per Share)

 

2001

2000

2001

2000

2001

2000

Pioneer/Monsanto MON810 Settlement

(56)

(35)

(.04)

Pharmaceuticals Business - Tax Benefit

49

.05

Pioneer Purchase Accounting

(50)

(55)

(.06)

Sale of Interest in Quimica Fluor Affiliate

 

23

 

16

 

.02

Chambers Works Restructuring

 

(28)

 

(17)

 

(.02)

Sale of Stock - DuPont Photomasks, Inc.

 

123

 

81

 

.08

Total - Third Quarter

(56)

68

14

25

.01

.02

          One-time items include the reserve for a one-time payment made in October 2001 to resolve all issues related to Monsanto YieldGardÒ (MON810 Bt) insect resistant corn trait used in Pioneer's corn hybrids.


Ò

Registered trademark of Monsanto.

 

 

3

 

 

 

 

Segment Sales

          Regional segment sales and related variances for the third quarter 2001 compared with the third quarter 2000 are summarized below:

 

Segment Sales

% Change Due To

 

3Q'01

$B

% Change

vs. 3Q'00

Local

Price

Currency

Effect

Volume

Other*

Worldwide

6.4

(14)

(2)

(2)

(9)

(1)

  U.S.

3.1

(16)

(1)

0

(12)

(3)

  Europe

1.6

(8)

1

(4)

(5)

0

  Asia Pacific

1.0

(14)

(3)

(5)

(6)

0

  Canada, Mexico,

    South America

0.7

(13)

(5)

(1)

(7)

0

*

Includes impact of reduced ownership of DuPont Photomasks, Inc. and sale of certain Polyester businesses.

Business Segment Performance

          The following compares third quarter 2001 results before one-time items for each segment with those for the third quarter 2000.

 

 

 

 

 

4

 

 

 

 

($ in millions)

3Q 2001

2Q 2001

3Q 2000

CoumadinÒ

60

52

80

SustivaÔ

142

87

99

CardioliteÒ /MiralumaÔ

62

53

77

Outlook

          The company currently expects that the U.S. economy will continue to weaken through the fourth quarter of 2001. The company's macroeconomic outlook for other regional economies, currency, and raw material prices remains consistent with the outlook provided in its second quarter earnings release.

 

 

 

 

 

 

5

 

 

 

 

          The fourth quarter earnings per share outlook for DuPont includes both positives and negatives, as compared to the third quarter:

Positives:

Negatives:

          Of these factors, volume and price represent the greatest uncertainty as well as the greatest potential impact on earnings. Consumer and business confidence following the events of September 11 will be critical. Taking all of these issues into account, and acknowledging these uncertainties, the company's current view is that fourth quarter earnings per share will be roughly similar to those in the third quarter.

          "Following the tragic events of September 11, our people worldwide have responded with true professionalism in the concern they have shown for the safety and security of our operations and in the attention they have given to our customers and other supply chain partners. The aftermath of September 11 has added to economic uncertainty and will likely prolong the current economic downturn," Holliday said. "I am confident that DuPont has the financial strength, the business focus and operational discipline to meet these new challenges head-on, no matter how long they persist."

Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on

 

 

 

 

 

 

 

6

 

 

 

 

Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of agricultural products.

 

 

# # #

10/24/01

 

NOTE:

An update to the third quarter Investor Relations' quarterly note has been posted to:

 

http://www.corporate-ir.net/ireye/ir site.zhtml?ticker=DD&script=11948&item id='earnings landing.htm'.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

 

 

 

 

E. I. DU PONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES

 

 

 

Three Months Ended

Nine Months Ended

CONSOLIDATED INCOME STATEMENT

September 30

September 30

(Dollars in millions, except per share)

2001

 

2000

 

2001

 

2000

               

SALES

$5,641

 

$6,445

 

$19,497

 

$21,952

Other Income(a)

135

 

420

 

521

 

986

               

Total

5,776

 

6,865

 

20,018

 

22,938

 

           

Cost of Goods Sold and Other Expenses(b)

3,958

 

4,135

 

13,059

 

14,019

Selling, General and Administrative Expenses

687

 

710

 

2,269

 

2,276

Depreciation

328

 

351

 

995

 

1,055

Amortization of Goodwill and Other Intangible Assets

113

 

113

 

338

 

329

Research and Development Expense

441

 

442

 

1,288

 

1,323

Interest and Debt Expense

148

 

205

 

492

 

616

Purchased In-Process Research and Development(c)

-

 

-

 

-

 

(11)

Employee Separation Costs and Write-Down of Assets(d)

-

 

28

 

1,046

 

126

Gain on Issuance of Stock by Affiliates - Nonoperating(e)

-

 

(29)

 

-

 

(29)

               

Total

5,675

 

5,955

 

19,487

 

19,704

               

INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS

101

 

910

 

531

 

3,234

Provision for (Benefit from) Income Taxes(f)

(46)

339

87

1,133

Minority Interests in Earnings of Consolidated Subsidiaries

5

 

9

 

31

 

48

               

INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE

IN ACCOUNTING PRINCIPLE

142

 

562

 

413

 

2,053

Cumulative Effect of a Change in Accounting Principle,

Net of Income Taxes(g)

-

 

-

 

11

 

-

               

NET INCOME

$ 142

 

$ 562

 

$ 424

 

$ 2,053

               
         

 

   

BASIC EARNINGS PER SHARE OF COMMON STOCK(h)(i)

             

Income before Cumulative Effect of a Change in

Accounting Principle

$ .13

 

$ .54

 

$ .39

 

$ 1.96

Cumulative Effect of a Change in Accounting Principle

-

 

-

 

.01

 

-

               

Net Income

$ .13

 

$ .54

 

$ .40

 

$ 1.96

               

DILUTED EARNINGS PER SHARE OF COMMON STOCK(h)(i)

             

Income before Cumulative Effect of a Change in

Accounting Principle

$ .13

 

$ .53

 

$ .39

 

$ 1.94

Cumulative Effect of a Change in Accounting Principle

-

 

-

 

.01

 

-

               

Net Income

$ .13

 

$ .53

 

$ .40

 

$ 1.94

               

DIVIDENDS PER SHARE OF COMMON STOCK

$ .35

 

$ .35

 

$ 1.05

 

$ 1.05

 

 

 

8

 

 

 

 

FOOTNOTES TO CONSOLIDATED INCOME STATEMENT

  1. Year-to-date 2001 includes a $52 gain resulting from the Company's sale of stock that reduced its ownership interest in DuPont Photomasks.
  2. Third quarter 2000 includes gains of $117 resulting from the sale of stock that reduced the Company's ownership interest in DuPont Photomasks and the sale of the Company's interest in a Mexican affiliate. Year-to-date 2000 also includes a $176 gain resulting from the sale of certain equity securities classified as available for sale.

  3. Third quarter 2001 includes a charge of $56 to establish a reserve related to settlement of YieldGard® (MON 810 Bt) insect resistant corn litigation with Monsanto. Year-to-date 2001 also includes charges of $133 resulting from the sale of acquired Pioneer inventories which, in accordance with purchase accounting rules, were recorded at fair value on October 1, 1999.
  4. Third quarter and year-to-date 2000 charges related to the sale of acquired Pioneer inventory were $21 and $588, respectively. Third quarter 2000 also includes a charge of $29 for accrued post-employment costs for Pioneer employees. In addition, year-to-date 2000 also includes a charge of $100 to increase the Company's reserve for "Benlate" 50 DF fungicide litigation.

  5. Year-to-date 2000 includes a credit of $11 that was recorded based on revisions of preliminary purchase price allocations associated with the Pioneer acquisition.
  6. Year-to-date 2001 charges of $1,046 include $441 associated with separation costs for approximately 5,500 employees, $303 for asset impairments (principally the write-down of polyester assets), and $302 related to the shutdown and dismantlement of several facilities.
  7. Third quarter 2000 charges of $28 result from restructuring manufacturing operations at the Chambers Works site. Year-to-date 2000 also includes charges of $98 resulting from the continued restructuring of the performance coatings business.

  8. Represents an increase in the Company's equity investment in DuPont Photomasks that resulted from the issuance by DuPont Photomasks of additional shares to unrelated parties at a price in excess of book value.
  9. Third quarter 2001 includes a one-time deferred tax benefit of $49 to recognize differences between the book basis and tax basis of the Company's investment in DuPont Pharmaceuticals as a result of the pending fourth quarter sale of DuPont Pharmaceuticals.
  10. On January 1, 2001, the company adopted SFAS No. 133, "Accounting for Derivative Instruments
  11. and Hedging Activities," as amended.

  12. Earnings per share are calculated on the basis of the following average number of common shares outstanding:

 

Three Months Ended

Nine Months Ended

 

September 30

September 30

 

Basic

 

Diluted

 

Basic

 

Diluted

2001

1,039,345,016

 

1,044,530,790

 

1,041,080,675

 

1,046,752,988

2000

1,041,269,308

 

1,047,777,845

 

1,044,708,476

 

1,052,825,218

(i) Year-to-date earnings per share do not equal the sum of quarterly earnings per share due to changes in average share calculations.

(j) On October 1, 2001, the Company sold DuPont Pharmaceuticals to Bristol-Myers Squibb for approximately $7,800 in cash. As part of the transaction, the Company retained its interest in Cozaar®/Hyzaar®. The Company estimates this transaction will result in an after-tax gain of about $4,000 in its fourth quarter results.

 

 

 

 

9

 

 

 

 

E. I. DU PONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES

 

 

Three Months Ended

Nine Months Ended

CONSOLIDATED SEGMENT INFORMATION(a)

September 30

September 30

(Dollars in millions)

2001

 

2000

 

2001

 

2000

               

SEGMENT SALES(b)

             

Agriculture & Nutrition

$ 546

 

$ 586

 

$ 3,601

 

$ 3,785

Nylon

675

 

807

 

2,057

 

2,360

Performance Coatings & Polymers

1,381

 

1,572

 

4,353

 

4,941

Pharmaceuticals

393

 

389

 

902

 

1,172

Pigments & Chemicals

866

 

974

 

2,769

 

2,972

Polyester

429

 

594

 

1,475

 

1,723

Specialty Fibers

1,060

 

1,213

 

3,387

 

3,813

Specialty Polymers

937

 

1 ,124

 

2,985

 

3,366

Other

67

 

105

 

229

 

371

               

Total Segment Sales

6,354

 

7,364

 

21,758

 

24,503

               

Elimination of Intersegment Transfers

(111)

 

(165)

 

(384)

 

(501)

Elimination of Equity Affiliate Sales

(602)

 

(757)

 

(1,884)

 

(2,055)

Miscellaneous

-

 

3

 

7

 

5

               

CONSOLIDATED SALES

$5,641

 

$6,445

 

$19,497

 

$21,952

               
     

       

AFTER-TAX OPERATING INCOME (LOSS)(c)

             

Agriculture & Nutrition

$(153)(d)

 

$ (140)(e)

 

$ 139(f)

 

$ 76(g)

Nylon

25

 

58

 

(99)

 

199

Performance Coatings & Polymers

75

 

170

 

224

 

478(h)

Pharmaceuticals

133(i)

 

41

 

79(i)

 

146

Pigments & Chemicals

112

 

168(j)

 

329

 

518(j)

Polyester

(20)

 

20

 

(309)

 

32

Specialty Fibers

65

 

182

 

290

 

600

Specialty Polymers

90

 

175

 

273

 

523

Other

(29)

 

57(k)

 

(33)(l)

 

63(k)

               

Total Segment ATOI

298

 

731

 

893

 

2,635

               

Interest & Exchange Gains and Losses

(72)

 

(122)

 

(257)

 

(381)

Corporate Expenses

(76)

 

(47)(m)

 

(215)

 

(201)(m)

Corporate Minority Interest(n)

(8)

 

-

 

(8)

 

-

               

INCOME FROM OPERATIONS

$142

$ 562

$ 413

$ 2,053

 

 

 

 

 

 

 

 

 

10

 

 

 

 

FOOTNOTES TO CONSOLIDATED SEGMENT INFORMATION

(a) Certain reclassifications of segment data have been made to reflect second quarter changes in organizational structure. The Agriculture & Nutrition segment now includes the Pioneer business. The Specialty Fibers segment now includes the new Apparel & Textile Sciences SBU, which comprises the former Lycra® business, nylon apparel and specialty textile businesses, and the polyester branded specialties businesses.

  1. Includes pro rata share of equity affiliate sales and intersegment transfers. Excludes sales of intermediates by DuPont to joint ventures within the Nylon and Polyester segments.
  2. Year-to-date 2001 charges of $679 result from employee terminations, facility shutdowns, and asset impairments in the following segments: Agriculture & Nutrition - $80; Nylon - $143; Performance Coatings & Polymers - $60; Pigments & Chemicals - $30; Polyester - $264; Specialty Fibers - $30; Specialty Polymers - $32; and Other - $40.

(d) Includes a charge of $35 to establish a reserve related to settlement of YieldGard® (MON 810 Bt) insect resistant corn litigation with Monsanto.

(e) Includes a charge of $42 for accrued post-employment benefits for Pioneer employees and tax adjustments related to finalization of purchase accounting, as well as a charge of $13 resulting from the sale of acquired Pioneer inventories which, in accordance with purchase accounting rules, were recorded at fair market value on October 1, 1999.

  1. Includes noncash charges of $83 resulting from the sale of acquired Pioneer inventories and the $35 charge to establish a reserve related to settlement of certain Pioneer litigation.
  2. Includes noncash charges of $366 resulting from the sale of acquired Pioneer inventories, a charge of $62 to increase the Company's reserve for Benlate 50 DF fungicide litigation, and a charge of $42 for accrued post-employment benefits for Pioneer employees. These charges were partly offset by a $109 gain resulting from the sale by Pioneer of certain equity securities classified as available for sale, and a credit of $11 to reduce the preliminary purchase price allocated to Pioneer purchased in-process research and development.
  3. Includes a charge of $61 related to separation costs for about 1,000 employees, the shutdown of related manufacturing facilities, and other exist costs.
  4. Includes a deferred tax benefit of $49 to recognize differences between the book basis and tax basis of the Company's investment in DuPont Pharmaceuticals as a result of the pending fourth quarter sale of DuPont Pharmaceuticals.
  5. Includes a charge of $17 resulting from restructuring manufacturing operations at the Chambers Works site, offset by a gain of $16 attributable to the sale of the Company's interest in a Mexican affiliate.
  6. Includes a gain of $62 resulting from the Company's sale of stock that reduced its ownership interest in DuPont Photomasks.
  7. Includes a gain of $34 resulting from the Company's sale of stock that reduced its ownership interest in DuPont Photomasks.
  8. Includes a nonoperating gain of $19 on issuance of stock by affiliates. This represents the increase in the Company's equity investment in DuPont Photomasks that resulted from the issuance by DuPont Photomasks of additional shares to unrelated parties at a price in excess of book value.
  9. Represents a preferred rate of return to a third party investor who contributed capital into a jointly owned company.

 

 

 

 

 

11

 

 

 

E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES

 

SEGMENT SALES(a)

(3rd QUARTER 2001 VS. 3rd QUARTER 2000)

 

 

Segment Sales

 
 

Three Months Ended

Percentage Change Due to:

 

September 30

U.S.$

 

$

 

% Change

 

Price

 

Volume

 

Other(b)

                   
                   

Agriculture & Nutrition

$ 546

 

(7)%

 

(4)

 

(3)

   

Nylon

675

 

(16)

 

(3)

 

(13)

   

Performance Coatings & Polymers

1,381

 

(12)

 

(3)

 

(9)

   

Pharmaceuticals

393

 

1

 

-

 

1

   

Pigments & Chemicals

866

 

(11)

 

(4)

 

(7)

   

Polyester

429

 

(28)

 

(7)

 

(12)

 

(9)

Specialty Fibers

1,060

 

(13)

 

(4)

 

(9)

   

Specialty Polymers

937

 

(17)

 

(3)

 

(14)

   

Other

67

 

(36)

 

-

 

-

 

(36)

                   

Total

$6,354

(14)

 

(4)

 

(9)

 

(1)

___________________________

  1. Includes intersegment transfers and pro rata share of equity affiliate sales.

(b) Reflects sales decrease due to divestitures.

 

 

 

SEGMENT INFORMATION

Three Months Ended

Nine Months Ended

EXCLUDING IMPACT OF ONE-TIME ITEMS -

September 30

September 30

(Dollars in millions)

2001

 

2000

 

% Chg.

 

2001

 

2000

 

% Chg.

                       

AFTER-TAX OPERATING INCOME (LOSS)

                     

Agriculture & Nutrition

$(118)

 

$ (85)

N/M

 

$ 337

 

$ 426

 

(21)%

Nylon

25

 

58

 

(57)%

 

44

 

199

 

(78)

Performance Coatings & Polymers

75

 

170

 

(56)

 

284

 

539

 

(47)

Pharmaceuticals

84

 

41

 

105

 

30

 

146

 

(79)

Pigments & Chemicals

112

 

169

 

(34)

 

359

 

519

 

(31)

Polyester

(20)

 

20

 

N/M

 

(45)

 

32

 

N/M

Specialty Fibers

65

 

182

 

(64)

 

320

 

600

(47)

Specialty Polymers

90

 

175

 

(49)

 

305

 

523

 

(42)

Other

(29)

 

(5)

 

N/M

 

(27)

 

1

N/M

                       

Total Segment ATOI

284

 

725

 

(61)

 

1,607

 

2,985

 

(46)

                       

Interest & Exchange Gains and Losses

(72)

 

(122)

     

(257)

 

(381)

   

Corporate Expenses

(76)

 

(66)

     

(215)

 

(220)

   

Corporate Minority Interest

(8)

 

-

     

(8)

 

-

   
                       

INCOME FROM OPERATIONS

$ 128

 

$ 537

 

(76)%

 

$1,127

 

$2,384

 

(53)%

 

 

 

12

 

 

 

 

 

E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES

 

FINANCIAL SUMMARY

(Dollars in millions, except per share)

 

Three Months Ended

Nine Months Ended

 

September 30

September 30

 

2001

 

2000

 

% Chg.

 

2001

 

2000

 

% Chg.

Selected Income Statement Data -

                     

Excluding Impact of One-Time Items

                     

and Cumulative Effect of a Change

                     

in Accounting Principle

                     
                       

Consolidated Sales

$5,641

 

$6,445

 

(12)%

 

$19,497

 

$21,952

(11)%

Segment Sales

6,354

 

7,364

 

(14)

 

21,758

 

24,503

 

(11)

Segment ATOI

284

 

725

 

(61)

 

1,607

 

2,985

 

(46)

EBIT

319

 

1,062

 

(70)

 

2,251

 

4,407

 

(49)

EBITDA

760

 

1,526

 

(50)

 

3,584

 

5,791

 

(38)

Income from Operations

128

 

537

 

(76)

 

1,127

 

2,384

 

(53)

EPS - Diluted

0.12

 

0.51

 

(76)

 

1.07

 

2.26

 

(53)

                       

 

 

 

 

   

Nine Months Ended

 

3rd Quarter 2001 Vs.

 

September 30, 2001 Vs.

 

3rd Quarter 2000

 

September 30, 2000

Segment ATOI Variance Analysis -

     

Excluding Impact of One-Time Items

     
       

Local Prices

$ (80)

 

$ 30

Volume

(160)

 

(640)

Costs

(125)

 

(615)

Currency

(30)

 

(115)

Other

(46)

 

(38)

       

Total

$(441)

 

$(1,378)

 

Six Sigma Estimated Annualized Benefits - $ Pretax

 
   

From Ongoing Projects

$ 600

From Completed Projects

$ 800

 

 

 

 

 

 

13

 

 

 

 

 

 

 

SIGNATURE

 

 

 

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

E. I. DU PONT DE NEMOURS AND COMPANY

(Registrant)

 
 

/s/ D. B. Smith

D. B. Smith

Assistant Controller

 

 

October 24, 2001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14