x
|
ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
[NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996]
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For
the fiscal year ended January
28, 2005
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|
|
|
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or
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o
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TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
[NO FEE REQUIRED]
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For
the transition period from ________ to
_________
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Commission
file number
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1-7898
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Page
No.
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3
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4
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|
|
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5
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6-9
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10
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|
|
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11
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12
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JANUARY
28,
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JANUARY
30,
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|||||
2005
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2004
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|||||
ASSETS
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||||||
Investments
(Notes 1, 2, 3, 4, and 6):
|
||||||
Participant-directed
investments, at fair value
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$
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2,418,052,719
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$
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2,494,680,352
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||
Participant-directed
investments, at contract value
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94,799,004
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95,517,211
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||||
Total
investments
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2,512,851,723
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2,590,197,563
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||||
Receivables:
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||||||
Employer
contributions
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36,637,380
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63,687,442
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||||
Participant
contributions
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3,904,302
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3,418,862
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||||
Accrued
interest and dividends
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335,462
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260,186
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||||
Total
receivables
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40,877,144
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67,366,490
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||||
Total
assets
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2,553,728,867
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2,657,564,053
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||||
LIABILITIES
- Due
to broker for securities purchased
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-
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1,319,907
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||||
NET
ASSETS AVAILABLE FOR BENEFITS
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$
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2,553,728,867
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$
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2,656,244,146
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JANUARY
28,
|
JANUARY
30,
|
||||||
2005
|
2004
|
||||||
ADDITIONS:
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|||||||
Investment
income:
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|||||||
Net
appreciation in fair value of
|
|||||||
investments
(Notes 2 and 3)
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$
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147,628,944
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$
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936,337,486
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|||
Interest
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3,756,857
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2,864,446
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|||||
Dividends
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11,208,442
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6,690,481
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|||||
Total
investment income
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162,594,243
|
945,892,413
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|||||
Contributions
(Note 1):
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|||||||
Employer
contributions
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68,406,578
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91,297,091
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|||||
Participant
contributions
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122,330,469
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101,386,102
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|||||
Total
contributions
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190,737,047
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192,683,193
|
|||||
Total
additions
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353,331,290
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1,138,575,606
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|||||
DEDUCTIONS:
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|||||||
Benefits
paid to participants (Note 1)
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(455,842,084
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)
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(371,240,550
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)
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|||
Administrative
expenses (Note 6)
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(4,485
|
)
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(1,355
|
) | |||
Total
deductions
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(455,846,569
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)
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(371,241,905
|
) | |||
NET
(DECREASE)/INCREASE
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(102,515,279
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)
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767,333,701
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||||
NET
ASSETS AVAILABLE FOR BENEFITS:
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|||||||
Beginning
of year
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2,656,244,146
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1,888,910,445
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|||||
End
of year
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$
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2,553,728,867
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$
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2,656,244,146
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January
28,
2005
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January
30,
2004
|
||||||
Lowe’s
Companies, Inc. common stock
|
|||||||
39,122,202
and 43,798,543 shares, respectively
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$
|
2,229,574,292
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$
|
2,345,411,977
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Year
Ended
January
28, 2005
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Year
Ended
January
30, 2004
|
|||||
Lowe’s
Companies, Inc.
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$
|
139,081,035
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$
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910,283,848
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||
American
Century - Twentieth Century Int’l Growth Fund
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488,262
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1,096,540
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||||
American
Century Capital Portfolios, Inc. Value Fund
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(658,629
|
)
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2,137,476
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|||
American
Century Ultra Fund Int.
|
48,633
|
77,014
|
||||
Fidelity
Equity Income Fund
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569,305
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4,697,185
|
||||
Fidelity
Magellan Fund
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756,794
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7,499,861
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||||
Franklin
Value Investors Trust Balance Sheet Investment Fund
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3,228,270
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2,889,886
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||||
Safeco
Growth Fund
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2,153,019
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2,339,714
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||||
T
Rowe Price Mid Cap Growth
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553,981
|
407,813
|
||||
Vanguard
500 Index FD Admiral
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167,507
|
310,187
|
||||
Vanguard
Life Strategy Fund Conservative Growth Fund
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284,823
|
776,094
|
||||
Vanguard
Life Strategy Moderate Growth Portfolio
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498,492
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1,355,154
|
||||
Vanguard
Life Strategy Growth Fund
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685,835
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1,749,000
|
||||
Clearing
Fund
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(228,383
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)
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717,714
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|||
TOTAL
NET APPRECIATION
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$
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147,628,944
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$
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936,337,486
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Identity
of Issue, Borrower,
Lessor,
or Similar Party
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Description
of Investment, Including Maturity Date, Rate of Interest, Collateral,
Par
or Maturity Value
|
Cost
|
Current
Value
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|||
*
Lowe’s Companies, Inc.
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Common
Stock
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**
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$ |
2,229,574,292
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||
*
State Street Bank
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Short
Term Investment -
|
|||||
Money
Market Type Fund
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**
|
12,885,971
|
||||
Metropolitan
Life Insurance
|
||||||
Company,
#25066
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Annuity
Contract
|
**
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94,903,272
|
|||
American
Century - Twentieth
|
||||||
Century
International Growth Fund
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Mutual
Fund
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**
|
6,881,802
|
|||
American
Century Capital
|
||||||
Portfolios,
Inc. Value Fund
|
Mutual
Fund
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**
|
14,781,304
|
|||
American
Century Ultra Fund Int.
|
Mutual
Fund
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**
|
985,067
|
|||
Fidelity
Equity Income Fund
|
Mutual
Fund
|
**
|
24,458,874
|
|||
Fidelity
Magellan Fund
|
Mutual
Fund
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**
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36,869,562
|
|||
Franklin
Value Investors Trust
|
||||||
Balance
Sheet Investment Fund
|
Mutual
Fund
|
**
|
27,758,664
|
|||
Safeco
Growth Fund
|
Mutual
Fund
|
**
|
13,219,829
|
|||
T
Rowe Price Mid Cap Growth
|
Mutual
Fund
|
**
|
9,579,775
|
|||
Vanguard
500 Index FD Admiral
|
Mutual
Fund
|
**
|
4,626,161
|
|||
Vanguard
Life Strategy Fund
|
||||||
Conservative
Growth Fund
|
Mutual
Fund
|
**
|
11,208,635
|
|||
Vanguard
Life Strategy
|
||||||
Moderate
Growth Portfolio
|
Mutual
Fund
|
**
|
12,480,865
|
|||
Vanguard
Life Strategy
|
||||||
Growth
Fund
|
Mutual
Fund
|
**
|
12,637,650
|
|||
TOTAL
INVESTMENTS
|
$ |
2,512,851,723
|
LOWE'S
401(k) PLAN
|
||
July
26, 2005
|
/s/
Kenneth W. Black, Jr.
|
|
Date
|
Kenneth
W. Black, Jr.
Senior
Vice President and Chief Accounting
Officer
|
Exhibit
No.
|
|
Description
|
|
|
|
23
|
Consent
of Deloitte & Touche, LLP
|