SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(a)
(AMENDMENT NO. 5)
ACM Government Opportunity Fund, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
000918 102
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(CUSIP Number)
Michael A. Conway
Aon Advisors, Inc.
200 East Randolph Drive
Chicago, Illinois 60601
(312) 381-3000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 29, 2003
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
/ /.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
CUSIP NO. 000918 102 SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
AON CORPORATION
36-3051915
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER 0
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 4,034,436
OWNED BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 4,034,436
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,034,436
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.5%
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14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
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CUSIP NO. 000918 102 SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
AON ADVISORS, INC.
54-1392321
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Virginia
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NUMBER OF 7 SOLE VOTING POWER 0
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 4,034,436
OWNED BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 4,034,436
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,034,436
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.5%
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14 TYPE OF REPORTING PERSON (See Instructions)
IA, CO
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CUSIP NO. 000918 102 SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
COMBINED INSURANCE COMPANY OF AMERICA
36-2136262
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF 7 SOLE VOTING POWER 0
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 4,034,436
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 4,034,436
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,034,436
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.5%
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14 TYPE OF REPORTING PERSON (See Instructions)
IC, CO
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CUSIP NO. 000918 102
This Amendment No. 5 (this "Amendment") amends and supplements the
Schedule 13D filed with the Securities and Exchange Commission on December 10,
1999 (the "Schedule 13D") by Aon Corporation, a Delaware corporation ("Aon"),
Aon Advisors, Inc., a Virginia corporation ("Aon Advisors"), Combined Insurance
Company of America, an Illinois corporation ("CICA"), and Virginia Surety
Company, an Illinois corporation ("VSC"), as previously amended. Aon, Aon
Advisors and CICA are sometimes referred to herein as the "Filing Persons". The
Schedule 13D as previously amended and this Amendment relate to the Common Stock
(the "Common Stock") of ACM Government Opportunity Fund, Inc. (the "Issuer").
Capitalized terms used but not defined herein have the meanings ascribed to such
terms in the Schedule 13D.
Items 2, 5, 6 and 7 of the Schedule 13D as previously amended are
hereby amended and restated in their entirety as follows:
ITEM 2. IDENTIFY AND BACKGROUND
This Schedule is being filed on behalf of Aon Corporation, a Delaware
corporation ("Aon"), Aon Advisors, Inc., a Virginia corporation ("Aon
Advisors"), and Combined Insurance Company of America, an Illinois corporation
("CICA"). Aon, Aon Advisors, and CICA are wholly owned subsidiaries of Aon. Aon,
Aon Advisors and CICA are sometimes referred to herein as the "Filing Persons."
Aon is a publicly held insurance holding company which, through
subsidiaries, is a major provider of insurance, insurance brokerage, insurance
underwriting, consulting and related services. Aon Advisors is a company
incorporated under the laws of the State of Virginia which serves as an
investment advisor to Aon, CICA and their affiliates. CICA is a stock life
insurance company incorporated under the laws of the State of Illinois and
domiciled therein. CICA, together with its insurance subsidiaries, is a leading
worldwide provider of supplemental accident and health insurance and life
insurance products for individuals and also provides institutional investment
and annuity products.
The Filing Persons share the same principal office and business
address, 200 East Randolph Street, Chicago, Illinois 60601.
Aon is a parent holding company in accordance with section
240.13d-1(b)(ii)(G) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). Aon Advisors is an investment adviser registered under section
203 of the Investment Advisers Act of 1940, as amended. CICA is an insurance
company as defined in section 3(a)(19) of the Exchange Act.
During the past five years, none of the Filing Persons, and none of
any of their executive officers or directors, have been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or have been
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
The names, addresses, offices and citizenship of the directors and
officers of each of the Filing Persons are set forth on Annex I hereto.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
See rows 7 through 11 and row 13 on pages 2 through 4.
The Issuer's Quarterly Report dated October 28, 2003 states that, as of
July 31, 2003, there were 12,812,158 shares of Common Stock outstanding. The
percentage ownership of Aon, Aon Advisors and CICA was derived using this number
of shares of Common Stock outstanding.
Pursuant to an Investment Advisory Agreement between Aon Advisors and
CICA, Aon Advisors is invested in, on behalf of and as investment adviser to
CICA, 4,034,436 shares of Common Stock. Because Aon is the parent holding
company to CICA, Aon indirectly beneficially owns all shares of Common Stock
held by CICA.
By reason of the purchases of Common Stock made on behalf of CICA, as
of the date of this Amendment, Aon, Aon Advisors and CICA share the power to
vote or direct the vote and the power to dispose or direct the disposition of
4,034,436 shares of Common Stock, or 31.5% of the total outstanding shares of
Common Stock as of July 31, 2003.
During the sixty day period preceding the date of this Amendment, none
of the Filing Persons effected any transactions in any shares of Common Stock
other than the following sales by Aon Advisors on behalf of CICA:
Date Number of Shares Price Per Share ($)
---- ---------------- -------------------
10/30/03 1,900.00 8.6685
10/31/03 1,900.00 8.7312
11/03/03 1,900.00 8.7070
11/04/03 1,900.00 8.7485
11/05/03 1,900.00 8.6707
11/06/03 1,900.00 8.6459
11/07/03 1,900.00 8.6122
Date Number of Shares Price Per Share ($)
---- ---------------- -------------------
11/10/03 1,900.00 8.5501
11/11/03 1,900.00 8.5401
11/12/03 1,900.00 8.5675
11/13/03 1,900.00 8.6517
11/14/03 1,900.00 8.7528
11/17/03 1,900.00 8.8043
11/18/03 1,900.00 8.8291
11/19/03 1,900.00 8.8007
11/20/03 1,900.00 8.7849
11/21/03 1,900.00 8.8117
Date Number of Shares Price Per Share ($)
---- ---------------- -------------------
11/24/03 1,900.00 8.8117
11/25/03 1,900.00 8.8538
11/26/03 1,900.00 8.8528
11/28/03 1,900.00 8.8491
12/01/03 1,900.00 8.8901
12/02/03 11,400.00 8.9959
12/04/03 1,900.00 8.9923
12/05/03 1,900.00 9.0296
12/10/03 1,900.00 8.9312
12/11/03 1,900.00 8.9317
Date Number of Shares Price Per Share ($)
---- ---------------- -------------------
12/12/03 1,900.00 8.9517
12/16/03 1,400.00 9.0496
12/16/03 500.00 9.0596
12/17/03 1,900.00 9.1285
12/18/03 1,900.00 9.1243
12/19/03 1,900.00 9.1189
12/22/03 1,900.00 9.0738
12/23/03 11,400.00 9.0002
12/24/03 1,900.00 8.9880
12/26/03 1,900.00 9.0112
Date Number of Shares Price Per Share ($)
---- ---------------- -------------------
12/29/03 7,200.00 8.9995
----------------
94,600.00
================
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Aon Advisors and CICA are parties to an Investment Advisory Agreement
dated May 1, 1992 pursuant to which Aon Advisors serves as investment adviser
to CICA. A copy of this agreement is filed as Exhibit A to this Schedule.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
A. Investment Advisory Agreement dated May 1, 1992 between Aon Advisors
and CICA (incorporated by reference to the Schedule 13D filed by the
Filing Persons on December 10, 1999)
B. [Intentionally Omitted]
C. Joint Filing Agreement dated December 10, 1999 among each of the Filing
Persons and VSC (incorporated by reference to the Schedule 13D filed by
the Filing Persons on December 10, 1999)
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
AON CORPORATION
Date: December 30, 2003
/s/ Michael A. Conway
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By: Michael A. Conway
Senior Vice President and Senior Investment Officer
AON ADVISORS, INC.
Date: December 30, 2003
/s/ Michael A. Conway
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By: Michael A. Conway
President
COMBINED INSURANCE COMPANY OF AMERICA
Date: December 30, 2003
/s/ Michael A. Conway
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By: Michael A. Conway
Senior Vice President
ANNEX I
OFFICERS AND DIRECTORS
Set forth below is a list of each of the directors and officers of
each of the Filing Persons. Unless otherwise indicated, each person identified
on this Annex I shares the business address of the Filing Persons and is a
citizen of the United States.
Name Title Citizenship
---- ----- -----------
Aon Corporation:
Patrick G. Ryan Chairman and Chief Executive Officer and Director
Michael D. O'Halleran President and Chief Operating Officer and Director
David P. Bolger Executive Vice President and Chief Financial Officer
June E. Drewry Executive Vice President and Chief Information Officer
D. Cameron Findlay Executive Vice President and General Counsel
Raymond I. Skilling Executive Vice President
Michael A. Conway Senior Vice President and Senior Investment Officer
Jeremy G.O. Farmer Senior Vice President and Head of Human Resources
Carl J. Bleecher Vice President - Internal Audit
Kevann M. Cooke Vice President and Corporate Secretary
Vaughn Hooks Vice President - Taxes
Sean P. O'Neill Vice President - Financial Relations
John A. Reschke Vice President - Compensation and Benefits
Diane M. Aigotti Treasurer
Edgar D. Jannotta Director
P.J. Kalff Director
Lester B. Knight Director
J. Michael Losh Director
R. Eden Martin Director
Andrew J. McKenna Director
Robert S. Morrison Director
Richard C. Notebaert Director
John W. Rogers, Jr. Director
George A. Schafer Director
Carolyn Y. Woo Director
Aon Advisors:
Michael A. Conway President and Director
Daniel T. Busiel Senior Vice President/Fixed Income and Director
David C. Greenberg Senior Vice President and Director
Brian H. Lawrence Treasurer
Leonor de la Torre Secretary
CICA:
Richard M. Ravin Chairman, President and Chief Executive Officer and Director
David P. Bolger Executive Vice President
Steven E. Lippai Executive Vice President and Director
Raymond I. Skilling Executive Vice President and Director
Ronald G. Agypt Senior Vice President and Managing Director - 7th Essential USA
Robert C. Anderson Senior Vice President - NA Service Center
Koorosh Beigian Senior vice Presidnet, Chief Information Officer
Michael A. Conway Senior Vice President, Senior Investment Officer and Director
Alastair M. Cumming Senior Vice President - National Sales Manager - Life and Health USA, and Director
James Hom Senior Vice President and Chief Financial Officer
Dale Snow Senior Vice President, Customer Management
Jacques Thibaudeau Senior Vice President and Managing Director, Canadian Operations
Clive G. Robinson Managing Director, Senior Vice President Europe and Pacific, and Director
Diane M. Aigotti Treasurer
John J. Hogan Vice President and Controller
Ronald D. Markovits Vice President - Government Relations and Law, and Corporate Secretary
Patrick G. Ryan Director
David L. Cole Director
Harvey N. Medvin Director