NOTES TO FINANCIAL STATEMENTS -- DECEMBER 31, 2000
1. ORGANIZATION OF THE FUNDS
The GE S&S Program Mutual Fund and GE S&S Long Term Interest Fund (each a "Fund" and collectively the
"Funds") are registered under the Investment Company Act of 1940, as amended, (the "1940 Act") as open-end
management investment companies. The Funds are two of the investment options offered under the GE Savings
& Security Program (the "Program"). The Program, through a trust, owns 58% of the GE S&S Program Mutual
Fund and 68% of the GE S&S Long Term Interest Fund. The Funds operate as Employees' Securities
Companies (as defined in the 1940 Act) and as such are exempt from certain provisions of the 1940 Act.
GE Investment Management Incorporated, the Funds' investment adviser and a wholly-owned subsidiary of
General Electric Company, changed its name to GE Asset Management Incorporated ("GEAM") effective
January 28, 2000.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 at the date of the financial
statements. Actual results may differ from those estimates.
The following summarizes the significant accounting policies of the Funds:
SECURITY VALUATION AND TRANSACTIONS
Securities for which exchange (or NASDAQ) quotations are readily available are valued at the last sale price, or
if no sales occurred on that day, at the last quoted bid price. Certain fixed income securities are valued by a
dealer or by a pricing service based upon a matrix system, which considers market transactions and dealer
supplied valuations. Short-term investments maturing within 60 days are valued at amortized cost or original cost
plus accrued interest, both of which approximate current value. Fund positions that cannot be valued as set forth
above are valued at fair value determined in good faith under procedures approved by the Board of Trustees of