UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 11-K

(Mark One)

þ		ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2007

o		TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission file number 001-16167

     A. Full title of the plan and the address of the plan, if different from that of issuer named below:

MONSANTO SAVINGS AND INVESTMENT PLAN

     B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

MONSANTO COMPANY
800 North Lindbergh Blvd.
St. Louis, MO 63167

 

 

MONSANTO SAVINGS AND INVESTMENT PLAN

FINANCIAL STATEMENTS AS OF DEC. 31, 2007 AND 2006,
AND FOR THE YEAR ENDED DEC. 31, 2007, AND SUPPLEMENTAL SCHEDULES
AS OF AND FOR THE YEAR ENDED DEC. 31, 2007, AND

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

MONSANTO SAVINGS AND INVESTMENT PLAN

Financial Statements and Supplemental Schedules

Table of Contents

		Page
Report of Independent Registered Public Accounting Firm			1
Financial Statements:
Statements of Net Assets Available for Benefits as of Dec. 31, 2007 and 2006			2
Statement of Changes in Net Assets Available for Benefits for the Year Ended Dec. 31, 2007			3
Notes to Financial Statements			4
Supplemental Schedules:
1. Form 5500, Schedule H, Part IV, Line 4i — Schedule of Assets (Held at End of Year) as of Dec. 31, 2007			12
2. Form 5500, Schedule H, Part IV, Line 4j — Schedule of Reportable Transactions for the Year Ended Dec. 31, 2007			80
Signature			82
Exhibit Index			83

NOTE:		All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosures under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Monsanto Company Employee Benefits Plan Committee

We have audited the accompanying statements of net assets available for benefits of Monsanto Savings and Investment Plan (the “Plan”) as of December 31, 2007 and 2006, and the related statement of changes in net assets available for benefits for the year ended December 31, 2007. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2007 and 2006, and the changes in net assets available for benefits for the year ended December 31, 2007 in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of (1) Schedule of Assets (Held at End of Year) as of December 31, 2007 and (2) Schedule of Reportable Transactions for the Year Ended December 31, 2007 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These schedules are the responsibility of the Plan’s management. Such schedules have been subjected to the auditing procedures applied in our audit of the basic 2007 financial statements and, in our opinion, are fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.

/s/ Deloitte & Touche LLP
St. Louis, Missouri
June 17, 2008

MONSANTO SAVINGS AND INVESTMENT PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

		As of Dec. 31,
(Dollars in thousands)		2007				2006
ASSETS:
Investments:
Common stock—Monsanto Company—Allocated		$	1,170,217			$	532,850
Common stock—Monsanto Company—Unallocated			338,510				208,147
Total Common stock—Monsanto Company			1,508,727				740,997
Cash and temporary investments			40,110				40,143
Debt securities including U.S. Government securities (securities on loan $8,445 in 2007 and $25,649 in 2006)			106,619				101,875
Common stock—Solutia Inc.			72				270
Common stock—other (securities on loan $62,028 in 2007 and $46,809 in 2006)			545,570				530,778
Collective investment funds			308,920				271,425
Synthetic guaranteed investment contracts (underlying securities on loan $94,815 in 2007 and $96,427 in 2006) at fair value			476,382				461,561
Loans to participants, interest rates from 4.0% to 9.25%, maturities through December 2012			19,885				19,039
Total investments			3,006,285				2,166,088
Receivables:
Employer contribution receivable			41,616				38,681
Employee contributions receivable			—				2,621
Dividends, interest and trades receivable			3,588				4,680
Receivable from transfers from other plans			12,565				—
Total receivables			57,769				45,982
Collateral held under securities lending agreements			170,011				173,169
Total assets			3,234,065				2,385,239
LIABILITIES:
Liability to return collateral held under securities lending agreements			170,011				173,169
Deferred employer contribution			41,616				38,681
ESOP debt			9,525				12,224
Amount payable for investment securities transactions and other			3,869				4,565
Total liabilities			225,021				228,639
NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE			3,009,044				2,156,600
Adjustment from fair value to contract value for fully benefit-responsive investment contracts			(7,348	)			(1,689	)
NET ASSETS AVAILABLE FOR BENEFITS		$	3,001,696			$	2,154,911

See accompanying Notes to Financial Statements.

MONSANTO SAVINGS AND INVESTMENT PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

		Year Ended
		Dec. 31,
(Dollars in thousands)		2007
ADDITIONS:
Contributions:
Employee contributions		$	83,289
Employer contributions			2,078
Transfers from other plans			12,565
Rollovers from other plans			18,304
Total contributions			116,236
Investment income:
Appreciation (Depreciation) in fair value of investments
Common stock—Monsanto Company			811,424
Debt securities			(51	)
Common stock—Solutia Inc.			(178	)
Common and preferred stock—other			11,749
Collective investment funds			24,774
Total appreciation in fair value of investments — net			847,718
Interest			35,099
Dividends			12,998
Total investment income			895,815
Total additions			1,012,051
DEDUCTIONS:
Interest expense on ESOP debt			562
Administrative expenses			5,950
Benefits paid to participants			158,754
Total deductions			165,266
INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS			846,785
NET ASSETS AVAILABLE FOR BENEFITS — Beginning of year			2,154,911
NET ASSETS AVAILABLE FOR BENEFITS — End of year		$	3,001,696

See accompanying Notes to Financial Statements.

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DEC. 31, 2007

NOTE 1. INFORMATION REGARDING THE PLAN

GENERAL

The following description of the Monsanto Savings and Investment Plan (the “Plan” or the “SIP”) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

The Plan was established as of June 11, 2001, as a successor to a portion of the Pharmacia Corporation Savings and Investment Plan (“Pharmacia Plan”) for the benefit of certain employees and former employees (“Transferred Participants”) of Monsanto Company (“Monsanto” or the “Company”). Effective July 1, 2001, the assets of the Pharmacia Plan that were allocated to the accounts of the Transferred Participants were transferred to the trust established under the Plan. Also effective July 1, 2001, a portion of the unallocated assets and liabilities (primarily debt) of the leveraged employee stock ownership plan (“ESOP”) component of the Pharmacia Plan were transferred to the Plan.

Effective July 1, 2001, through June 30, 2002, the assets of the trust established under the Plan were collectively invested with the assets of the Pharmacia Plan in the Pharmacia Corporation and Monsanto Company Defined Contribution and Employee Stock Ownership Master Trust (the “Master Trust”). Within the Master Trust, each participating plan was entitled to an interest in the Master Trust’s net assets and net earnings. Effective as of July 1, 2002: (i) assets and liabilities from the Master Trust representing the Pharmacia Plan’s interest and obligations in and under the Master Trust were transferred to the Pharmacia Savings Plan Master Trust and the Pharmacia Savings Plan ESOP Trust for Pharmacia Common Stock; and (ii) Monsanto and the trustee of the Plan entered into the Monsanto Company Defined Contribution and Employee Stock Ownership Master Trust Agreement which is the trust established pursuant to the Plan to hold all the assets of the Plan.

ADMINISTRATION

Monsanto is the sponsor of the Plan. The Monsanto Employee Benefits Plans Committee is responsible for administering plan operations in accordance with the Employee Retirement Income Security Act of 1974 (“ERISA”) and Plan documents. Fidelity Investments Institutional Services Company, Inc. serves as the record keeper of the Plan. The Monsanto Pension and Savings Funds Investment Committee is responsible for monitoring Plan investments. The trustee of the Plan is The Northern Trust Company (“Northern”).

PARTICIPANT ACCOUNTS

The Plan is a contributory defined contribution profit sharing plan with individual accounts for each participant. Regular employees who have attained age 18 are generally eligible to participate in the Plan as soon as administratively possible. As of July 1, 2007, temporary employees are generally eligible to participate in the Plan after 1,000 hours of service. The cost of Plan administration is borne partially by Plan participants and partially by Monsanto, as Plan sponsor.

Each participant’s account is credited with the participant’s contributions, Company contributions and Plan earnings and reduced by Plan losses and certain administrative expenses. Participants’ accounts are valued on a daily basis. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account balance.

EMPLOYEE CONTRIBUTIONS

The Plan provides for voluntary employee contributions generally ranging from 1 percent to 25 percent of an employee’s eligible pay. Employees have an option to make before-tax contributions or after-tax contributions. Subject to annual limits on before-tax contributions and the results of required Internal Revenue Service (“IRS”) discrimination testing, contributions may be all before-tax, all after-tax, or a combination of both. Generally, employee contributions to the Plan may be invested in 1 percent increments and allocated in any combination to the following investment fund types: a fixed income fund, a balanced fund consisting of both fixed income and equity securities, a growth and income equity fund, an international equity fund, a growth equity fund, a U.S. equity index fund, a treasury inflation-protected securities (TIPS) fund, a value equity fund, a small cap growth equity fund, a small cap value equity fund, the Monsanto Stock Fund, which invests in Monsanto common stock, and four asset allocation funds consisting of varying pre-set mixes of certain of the aforementioned investment fund types. The four asset allocation funds allow participants varying degrees of risk and

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS (continued)
YEAR ENDED DEC. 31, 2007

return. Targeted (“roundtrip”) participant trading restrictions were implemented in 2005. A roundtrip is defined as an exchange in and then out of a fund in less than a 30-day period. Under these restrictions, participants are limited to one roundtrip transaction per fund within any 90-day rolling period and four roundtrip transactions across all funds over a rolling 12-month period. These targeted restrictions apply to all investment options except the Fixed Income Fund.

As a result of the spinoff in 1997 of Solutia Inc. (“Solutia”), a former subsidiary of the former Monsanto Company, certain Transferred Participants’ accounts received common stock of Solutia. This stock is maintained in the Solutia Non-Employer Stock Fund, and no contributions, either employee or employer, subsequent to the spinoff can be made to this fund. The Company has amended the Plan to terminate the Solutia Non-Employer Stock Fund as an investment option effective as of the close of business on Dec. 10, 2008. All participant investments remaining in the fund as of the close of business on Dec. 10, 2008, will be liquidated and invested in the Moderately Aggressive Portfolio, the default investment fund for the Plan.

Participants may be eligible to make a before-tax catch-up contribution if they are at least age 50 on or before the end of the calendar year and either currently contributing at least 7 percent of their eligible pay per pay period to the SIP or had reached the IRS annual limit on before-tax contributions ($15,500 in 2007). For 2007, eligible participants could have elected a before-tax catch-up contribution of up to $5,000. The catch-up contributions are not eligible for Company matching contributions and are subject to the same rules as other before-tax contributions. The annual catch-up contribution limit may increase in future years in accordance with limits prescribed by the IRS.

The before-tax option allows participants to elect to make before-tax contributions from eligible gross pay before most income taxes are deducted. The participants generally cannot withdraw before-tax contributions without income tax penalties until age 59 1/2, disability, death, separation from service on or after age 55, or payments that are part of a series of substantially equal periodic payments made for the life of the employee or the joint lives of the employee and a designated beneficiary. After-tax contributions are made from participants’ eligible pay after income taxes are deducted. Withdrawal of after-tax employee contributions can be made with no penalty. Participants may change the amounts of their contributions and transfer their contributions among the investment options on a daily basis, subject to the roundtrip trading restrictions described above.

All Monsanto SIP participants can transfer any Company match amounts out of their Monsanto (Employer) Stock Fund and into any of the other investment options available in SIP (except the Solutia Non-Employer Stock Fund option) whether or not they are fully vested.

COMPANY CONTRIBUTIONS AND VESTING

Employee contributions to the Plan, up to a maximum of 7 percent of eligible pay, generally are matched 60 percent by Monsanto. The Plan also has a discretionary match employer contribution feature. Generally, Company contributions vest and become non-forfeitable at the rate of 20 percent per year of service, such that Company contributions are 100 percent vested after five years of service.

In December 2007, Monsanto determined that a discretionary matching contribution of an additional 40 percent on the first 10 percent of eligible pay would be made to participants actively employed on Dec. 31, 2007. This contribution was applied to eligible participants’ accounts in March 2008 through an allocation of previously unallocated Monsanto Company common stock, based on the value of a share of Monsanto stock on Dec. 31, 2007. Additionally, in December 2007, the Company amended the Plan to provide for a non-elective Company contribution feature in the Plan. In December 2007 the Company also determined to make a non-elective Company contribution to the Plan in an amount equal to 3.8 percent of eligible pay of all Plan participants actively employed by the Company or a participating employer in the Plan on Dec. 31, 2007. The non-elective contribution was applied to eligible participants’ accounts in May 2008 through an allocation of previously unallocated Monsanto Company common stock, based on the value of a share of Monsanto stock on Dec. 31, 2007. Company contributions and related earnings are invested solely in Monsanto common stock held in the Monsanto Employer Stock Fund.

A participant who has less than five years of participation in the Plan or predecessor plan cannot withdraw Company

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS (continued)
YEAR ENDED DEC. 31, 2007

matching contributions that are not vested or that were received in the last 24 months. Upon completion of five years of participation in the Plan, all Company matched amounts may be withdrawn from the Plan. Company contributions immediately vest upon a change of control of the Company, as defined in the Plan.

In order for the Plan to pass certain IRS discrimination testing requirements, the Company made a Qualified Non-Elective Contribution (“QNEC”) of 5 percent of eligible pay to all non-highly compensated employees of the Company and other employers participating in the Plan whose total Plan eligible pay in 2007 was $26,250 or less, were at least age 21, and had at least one year of service by Dec. 31, 2007, whether or not the employee was a participant in the Plan. In accordance with the terms of the Plan, the Monsanto Employee Benefits Plans Committee determined that Plan forfeitures as of Dec. 31, 2007, be used to fund the QNEC. The QNEC contribution was allocated to eligible participants’ accounts in May 2008.

LEVERAGED ESOP

During 2001 the Pharmacia Plan’s original ESOP debt was restructured and refinanced. Following the spinoff of Monsanto from Pharmacia on Aug. 13, 2002, the unallocated Pharmacia shares held by the Plan’s ESOP component were gradually converted to shares of Monsanto common stock through open market transactions and through the exchange of Pharmacia stock for Monsanto stock with certain Pharmacia employee benefit plans at market rates. These Pharmacia shares are now fully converted to Monsanto shares. The unallocated shares of Monsanto common stock, which were converted from Pharmacia shares as described above, held by the Plan’s ESOP component are released for allocation to participant accounts in accordance with the terms of the Plan as interest and principal on the promissory note is paid.

The Plan’s ESOP debt was again restructured and refinanced in December 2004, (the “2004 refinancing”) with a single promissory note to Monsanto, payable in the principal amount of $19.2 million, bearing interest at the rate of 4.60% per annum, and having a maturity date of Dec. 31, 2012, (the “4.60% Note”). The terms of the restructuring were determined pursuant to an arm’s length negotiation between Monsanto and an independent trust company as fiduciary for the Plan. In this role, the independent fiduciary determined that the restructuring, including certain financial commitments and enhancements that were or will be made in the future by Monsanto to benefit participants and beneficiaries of the Plan, including the increased diversification rights described above that were provided to certain participants, was completed in accordance with the best interests of plan participants.

Under the terms of the agreement, Monsanto committed to funding an additional $41 million to the Plan if no additional contributions were made by Dec. 31, 2006, above the number of shares currently scheduled for release under the restructured debt schedule. In December 2006, Monsanto contributed $2 million related to this commitment. As of Dec. 31, 2007, and 2006, the Plan has recorded an employer contribution receivable of $42 million and $39 million, respectively, and a deferred employer contribution of $42 million and $39 million, respectively, related to the agreement. The employer contribution receivable and deferred employer contribution have increased because of the accretion as defined in the agreement.

As of Dec. 31, 2007, the 4.60% Note had an outstanding principal balance of $9.5 million. Scheduled maturities on the 4.60% Note are $2,711 in 2008, $2,750 in 2009, $2,803 in 2010, and $1,261 in 2011 (all in thousands). Interest on the 4.60% Note is payable annually on December 31 of each year. The borrowing is collateralized by the unallocated shares of stock. The minimum number of shares allocated to participant accounts under the ESOP in a given year is determined by the Plan’s net debt service (principal and interest) during that year relative to the total amount of the Plan’s remaining debt service as of the beginning of that year. The 2004 refinancing resulted in a decrease in the minimum number of shares to be allocated in 2007 when compared with allocations that would have previously been required. The reduction of shares allocated in 2007 will result in more shares allocated to participants each year from 2008 through 2012.

The Plan obtains the funds to repay the ESOP debt to Monsanto primarily through Company contributions and dividends paid on Monsanto common stock held in the ESOP. In the year ended Dec. 31, 2007, the Plan paid the ESOP debt payments solely through the use of dividends paid on Monsanto common stock held in the ESOP suspense account and the Monsanto Employer Stock Fund. Effective July 1, 2007, Monsanto amended the Plan to provide participants the option to elect to receive dividends in cash (dividend pass-through). While the ESOP debt is repaid annually, shares of

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS (continued)
YEAR ENDED DEC. 31, 2007

Monsanto stock are released for allocation to participant accounts throughout the year. In the year ended Dec. 31, 2007, the Plan’s repayment of ESOP debt resulted in the release of approximately 938,000 equivalent shares of Monsanto stock for allocation to participant accounts. As of Dec. 31, 2007, and 2006, approximately three million shares and four million shares, respectively, of Monsanto stock remained unallocated with an approximate market value of $339 million and $208 million, respectively.

VOTING RIGHTS

Participants have the right to instruct the Plan’s trustee how to vote the shares of Monsanto stock in their accounts. The Trustee will vote the unallocated shares in the same proportion as the allocated shares on which they receive voting instructions from participants.

PARTICIPANT LOANS

Most Plan participants can obtain loans from their accounts. A participant with a Plan account balance of over $2,000 may borrow up to the lesser of 50 percent of the total vested account balance less any outstanding loan balances at the time of the loan, $50,000 minus the participant’s highest outstanding loan balances during the last year, or 100 percent of his or her employee account value excluding the employer portion and any outstanding loan balances at the time of the loan. The minimum loan is $1,000, and the maximum number of outstanding loans at any one time is two.

In 2005, the Monsanto SIP was amended to allow eligible participants affected by Hurricane Katrina to obtain a loan with certain features. In the event an eligible affected participant elected to receive a loan at any time between the effective date and Dec. 31, 2006, and such loan met certain required parameters, the participant could have established a repayment schedule for a period not to exceed 180 months.

PAYMENT OF BENEFITS

On termination of service due to death, disability, or retirement, a participant may elect to receive either a lump-sum amount equal to the value of the participant’s vested interest in his or her account, or annual installments over a certain number of years. If employment is terminated before age 70 1/2, participants can elect to defer receiving benefits if their vested account balance is greater than $5,000.

FORFEITED ACCOUNTS

At Dec. 31, 2007, and 2006, forfeited nonvested accounts totaled $5 million and $2.8 million, respectively. These accounts will be used to reduce future employer contributions and administrative expenses. During the year ended Dec. 31, 2007, administrative expenses were reduced by $986 thousand from forfeited nonvested accounts. As described above, the Monsanto Employee Benefits Plans Committee determined that the forfeited nonvested accounts as of Dec. 31, 2007, were used to fund the 2007 QNEC in May 2008.

OTHER

Monsanto acquired Delta and Pine Land Company in June 2007. Effective August 2007, eligible employees of Delta and Pine Land Company became eligible to participate in the Plan. The assets of the Delta and Pine Land Company Savings Plan were transferred into the Plan on Dec. 31, 2007.

Monsanto acquired Seminis, Inc. (Seminis) in March 2005. Effective Jan. 1, 2006, eligible employees of Seminis became eligible to participate in the Plan. The Company has not yet determined when the assets of the Seminis Vegetable Seeds Retirement Plan that were allocated to the transferred individuals will be transferred to the Plan.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting.

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 that affect the reported amounts of assets and

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS (continued)
YEAR ENDED DEC. 31, 2007

liabilities, disclosure of contingent liabilities at the date of the financial statements and reported amounts of increases and decreases during the reporting period. Actual results could differ from those estimates.

INVESTMENT VALUATION AND INCOME RECOGNITION

The Plan’s investments are stated at fair value. Common stock is valued at quoted market prices. The common collective investment trust funds are stated at fair value as determined by the issuer based on the fair market value of the underlying investments. When available, fair value is determined by quoted market prices. Amounts for securities that have no quoted market price represent estimated fair value. Debt securities are generally valued based on yields currently available on comparable securities of issuers with similar credit ratings. Participant loans are valued at the outstanding loan balances.

The fixed income fund is invested in synthetic guaranteed investment contracts, as described in Note 4. In accordance with Financial Accounting Standards Board Staff Position, FSP AAG INV-1 and Statement of Position 94-4-1, Reporting of Fully Benefit-Responsive Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans (the “FSP”), the statements of net assets available for benefits present the synthetic investment contracts at fair value, as well as an additional line item showing an adjustment of fully benefit-responsive investment contracts from fair value to contract value. The statement of changes in net assets available for benefits is presented on a contract value basis and is not affected by the FSP.

Purchases and sales of securities are recorded on a trade-date basis. Dividend income is recorded on the ex-dividend date. Realized gains and losses from security transactions are reported on the average cost method. In the Statement of Changes in Net Assets Available for Benefits, the Plan presents the net appreciation in the fair value of its investments, which consists of the realized gains and losses and the unrealized appreciation on these investments.

The Plan uses certain financial derivative instruments to hedge, acquire or change equity, currency or fixed income positions/durations in the portfolio. However, the Plan’s guidelines do not allow for derivatives to be used to leverage portfolio exposure. All derivatives are recognized in the statement of net assets available for benefits at fair value. Changes in fair value of a derivative are recorded currently in the statement of changes in net assets as net appreciation in fair value of investments.

The Plan invests in various types of mortgage-backed fixed income securities, the market values of which are based upon a variety of factors. These include, but are not limited to: the amount and timing of cash flows from interest and principal payments, underlying property collateral values and levels, expected principal prepayments, delinquency/default rates, and issuer credit ratings. As with any fixed income security, mortgage-backed security market values are sensitive to fluctuations in prevailing interest rates.

The Plan pays certain outside service provider expenses (e.g. recordkeeping and trustee fees) incurred in the operation of the Plan. Certain investment manager fees are paid by the Plan and are included in Administrative Expenses. Certain other expenses are paid by Monsanto.

NEW ACCOUNTING STANDARDS

In March 2008, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) Statement No. 161, Disclosures About Derivative Instruments and Hedging Activities — an amendment of FASB Statement No. 133 (SFAS 161). Statement 161 amends certain existing disclosure requirements in Statement 133 and requires new qualitative and quantitative disclosure about an entity’s derivative instruments and hedging activities to be provided for every reporting period (both interim and annual). It is effective for financial statements issued for fiscal years and interim periods beginning after Nov. 15, 2008, with early application encouraged. The Plan is currently evaluating the impact of SFAS 161 on the financial statements.

In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities (SFAS 159). SFAS 159 permits entities to choose to measure many financial instruments and certain other items at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities using different measurement techniques. SFAS 159 requires additional disclosures related to the fair value measurements included in the entity’s financial statements. This statement is effective for financial statements issued for fiscal years beginning after Nov. 15, 2007.

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS (continued)
YEAR ENDED DEC. 31, 2007

Accordingly, the Plan will adopt SFAS 159 in 2008. The Plan is currently evaluating the impact of SFAS 159 on the financial statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements (SFAS 157). SFAS 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. To the extent required, this statement will be prospectively adopted by the Plan effective Jan. 1, 2008. SFAS 157 is not presently expected to have a material impact on the Plan’s net assets available for benefits or changes therein.

NOTE 3. NONPARTICIPANT-DIRECTED INVESTMENTS

All funds in the Plan are participant-directed except as noted below. Common stock — Monsanto Company includes both participant and nonparticipant-directed investments and only the non-participant-directed portion is shown below. Additionally, the Plan’s ESOP debt and related principal and interest payments are nonparticipant-directed. Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investment amounts in the Plan (as of Dec. 31, 2007, and Dec. 31, 2006, and the year ended Dec. 31, 2007,) is outlined in the table below.

		As of Dec. 31,
(Dollars in thousands)		2007				2006
Net Assets:
Cash and temporary investments		$	8,011			$	3,846
Common stock — Monsanto Company			1,101,232				565,626
Total Assets			1,109,243				569,472
Accrued expenses			—				19
ESOP debt			9,525				12,224
Total Liabilities			9,525				12,243
Net Assets		$	1,099,718			$	557,229

		Year Ended
(Dollars in thousands)		Dec. 31, 2007
Changes in Net Assets:
Interest income		$	379
Dividends			5,726
Net appreciation			603,114
Interest expense on ESOP debt			(562	)
Administrative expense			(477	)
Withdrawals and transfers			(65,691	)
Changes in Net Assets			542,489

NOTE 4. GUARANTEED INVESTMENT CONTRACTS

 

The Fixed Income Fund invests in synthetic guaranteed investment contracts (“synthetic GICs”). A single uniform synthetic GIC was in place on Dec. 31, 2007, and Dec. 31, 2006, with Commonwealth General Corporation, J.P. Morgan Chase Bank and State Street Bank. A synthetic GIC includes underlying fixed income assets which are held by the trustee and owned by the plan, utilizing a benefit-responsive wrapper contract issued by financial services companies. The contract provides that participants execute plan transactions at contract value. Contract value represents contributions made to the fund, plus earnings, less participant withdrawals. The interest rates are reset quarterly based on the current yield of the underlying investments, the duration of the underlying investments and the spread between the market value and contract value, but the rate cannot be less than zero percent. Certain events such as a plan merger could limit

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS (continued)
YEAR ENDED DEC. 31, 2007

the ability of the plan to transact at contract value. Certain events such as plan termination may under certain circumstances allow for the termination of the wrapper contract at less than contract value. The plan sponsor does not believe that any events that may limit the ability of the plan to transact at contract value are probable.

The following summarizes the contract value of the synthetic GICs as of Dec. 31, 2007, and Dec. 31, 2006.

Guaranteed Investment Contracts		As of Dec. 31,
(Dollars in thousands)		2007				2006
Commonwealth General Corporation		$	187,614			$	183,950
J.P. Morgan Chase Bank			140,710				137,961
State Street Bank			140,710				137,961
Total		$	469,034			$	459,872

The rate of return for the synthetic GICs currently in place generally fluctuates with the return on the underlying assets. The 12-month average yield for such contracts, net of all applicable administrative and investment fees, was 5.06 percent for the period from Jan. 1, 2007, to Dec. 31, 2007. Participant accounts are credited with an interest rate which is determined quarterly by the issuers of the benefit responsive contracts based on the investments in the underlying fixed income portfolio. The annual crediting interest rates as of Dec. 31, 2007, and Dec. 31, 2006 were 5.49 percent and 5.60 percent, respectively.

NOTE 5. INVESTMENTS

Investments that represent more than 5% of the net assets available for benefits as of either Dec. 31, 2007, or Dec. 31, 2006, were as follows:

		As of Dec. 31,
(Dollars in thousands)		2007				2006
Monsanto common stock		$	1,508,727			$	740,997
Mellon Daily Liquidity Stock Index Fund			146,807				142,339
Capital Guardian International Equity Fund			162,113				129,086

The Plan participates in a securities lending program through Northern, the Plan’s trustee, whereby the Plan’s investment securities are loaned to broker-dealers for a fee. Securities so loaned are fully collateralized primarily by cash and U.S. government securities. U.S. securities are loaned and collateralized by securities valued at 102 percent of the market value of the securities plus any accrued interest (105 percent for non-U.S. securities). As the market value of the securities loaned changes, the borrower must adjust the collateral accordingly. Northern pools all collateral received from securities lending transactions and invests any cash collateral. The Plan holds a prorated share of the collateral provided to Northern by the borrowers of the securities. Monsanto or the borrower has the right to close the loan at any time. When the loan closes, the borrower returns the securities to Northern who returns the associated collateral to the borrower. The Plan cannot pledge or sell the collateral unless Northern fails to return the securities borrowed. At Dec. 31, 2007, and 2006, approximately $165 million and $169 million, respectively, of the Plan’s securities were on loan under these programs, and collateral held was $170 million and $173 million, respectively. Income from this program was $0.6 million for the year ended Dec. 31, 2007.

NOTE 6. INFORMATION REGARDING TAX STATUS

 

On Oct. 17, 2003, the IRS issued Monsanto a favorable determination letter stating that the Plan as then designed, was qualified for federal income tax purposes in compliance with section 401(a) of the Internal Revenue Code (“IRC”). As required by the IRS procedures, on Jan. 28, 2008, Monsanto filed an application for a new determination letter for the amended and restated Plan. That application is still pending review by the IRS. The Plan administrator and the Plan’s tax

MONSANTO SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS (continued)
YEAR ENDED DEC. 31, 2007

counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

NOTE 7. PRIORITIES UPON TERMINATION OF THE PLAN

 

If the Plan is terminated, all participants’ account balances will be fully vested, and all participants would then be entitled to a full distribution of their account balances as more fully described and set forth in the Plan document.

NOTE 8. PARTY-IN-INTEREST INVESTMENTS AND TRANSACTIONS

 

There were no nonexempt prohibited transactions with parties-in-interest during the period from Jan. 1, 2007, to Dec. 31, 2007. As of Dec. 31, 2007, and 2006, the Plan holds $1,509 million and $741 million, respectively, of common stock of Monsanto Company, the sponsoring employer.

Monsanto Company is the holder of the Plan’s ESOP debt.

Certain Plan investments are units of Collective Investment Funds managed by Northern specifically for employee benefit trusts. Northern is also the Plan trustee as defined by the Plan and, therefore, these Collective Investment Funds qualify as exempt party-in-interest investments. Fees for Northern’s investment management services are paid by the Plan as described in Note 2.

NOTE 9. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

 

The following is a reconciliation of fully benefit-responsive investment contracts stated at fair value per the financial statements to the fully benefit-responsive investment contracts stated at contract value on the Form 5500 as of Dec. 31, 2007, and 2006.

		As of Dec. 31,
(Dollars in thousands)		2007				2006
Net assets available for benefits:
Investments, at fair value per financial statements		$	3,006,285			$	2,166,088
Adjustment from fair value to contract value for fully benefit-responsive investment contracts			(7,348	)			(1,689	)
Total investments per Form 5500 Schedule of Assets (Held at End of Year)		$	2,998,937			$	2,164,399

NOTE 10. RISKS AND UNCERTAINTIES

 

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statement of net assets available for benefits.

*****

MONSANTO SAVINGS AND INVESTMENT PLAN
EIN 43-1878297
SUPPLEMENTAL SCHEDULE 1

Form 5500, Schedule H, Part IV, Line 4i —
Schedule of Assets (Held at End of Year) as of Dec. 31, 2007

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 94 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Receivable Income — USD
United States — USD
INCOME FROM SECURITIES LENDING ACTIVITIES			7.00				0.00				0.00
Total United States — USD							0.00				0.00
Total Receivable Income — USD							0.00				0.00
Receivables — Other — USD
Pending trade sales: United States dollar			0.00				1,822,680.82				1,822,680.82
Total — all currencies							1,822,680.82				1,822,680.82
Total Receivables — Other — USD							1,822,680.82				1,822,680.82
U.S. Government Securities
United States — USD
FEDERAL HOME LN MTG CORP POOL #C9-1001 6.5% 11-01-2026 BEO CUSIP: 3128P7DE0			1,296,599.71				1,325,773.21				1,334,249.08
FEDERAL HOME LN MTG CORP POOL #G0-1513 6% 03-01-2033 BEO CUSIP: 31283HVE2			1,880,279.32				1,903,489.04				1,914,733.56
FEDERAL HOME LN MTG CORP POOL #G1-1184 5.5% 09-01-2016 BEO CUSIP: 31283KJ58			462,387.56				475,030.97				469,064.44
FEDERAL HOME LN MTG CORP POOL #G1-1622 6% 02-01-2018 BEO CUSIP: 31283KYT9			1,140,502.37				1,197,527.49				1,168,259.92
FEDERAL HOME LN MTG CORP POOL #G11288 6.5% 06-01-2017 BEO CUSIP: 31283KND6			300,987.23				314,954.90				311,594.62
FEDERAL HOME LN MTG CORP POOL #G11431 6%02-01-2018 BEO CUSIP: 31283KSU3			203,768.41				210,709.28				208,727.73
FEDERAL HOME LN MTG CORP POOL #G11452 6.5% 04-01-2018 BEO CUSIP: 31283KTH1			359,964.16				378,806.05				372,986.94
FEDERAL HOME LN MTG CORP POOL #G11564 6.5% 08-01-2017 BEO CUSIP: 31283KWZ7			926,826.98				980,698.77				958,563.39
FEDERAL HOME LN MTG CORP POOL #G30248 6.5% 12-01-2023 BEO CUSIP: 3128CUHZ2			853,905.26				901,537.17				883,339.37
FEDERAL HOME LN MTG CORP POOL #H0-1579 6.5% 08-01-2036 BEO CUSIP: 3128MTXG8			869,603.09				878,570.87				887,113.42
FEDERAL HOME LN MTG CORP POOL #1H-2592 5.918% 01-01-2036 BEO CUSIP: 3128QLRM5			864,329.73				871,183.59				870,915.06

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 95 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
U.S. Government Securities
United States — USD
FHLMC GOLD E01140 6 05-01-2017 CUSIP: 31294KHR9			259,001.89				267,621.80				265,295.38
FHLMC GOLD E78398 6.5 07-01-2014 CUSIP: 3128GDKK5			121,708.96				124,513.98				126,089.63
FHLMC GOLD GROUP E00400 7.5 10-01-2010 CUSIP: 31294JNR5			9,712.06				9,889.60				9,972.08
FHLMC GOLD G10449 7 02-01-2011 CUSIP: 31283JQA2			39,204.70				40,138.87				40,242.41
FHLMC GOLD G11206 6 01-01-2015 CUSIP: 31283KKT4			87,498.62				90,041.56				89,634.02
FHLMC GOLD G11516 6 03-01-2018 CUSIP: 31283KVH8			271,753.87				285,384.00				278,367.82
FHLMC GOLD G3-0317 6.5 01-01-2027 CUSIP: 3128CUK62			2,330,363.65				2,387,166.27				2,398,030.42
FHLMC GROUP #E00379 7.5 MTG PARTN CTF DUE 06-01-2010 REG CUSIP: 31294JM47			8,546.92				8,703.18				8,763.25
FHLMC GROUP #E00386 7.5 MTG PARTN CTF DUE 08-01-2010 REG CUSIP: 31294JNB0			12,329.80				12,555.20				12,648.07
FHLMC GROUP #E20179 7.5 MTG PARTN CTF DUE 06-01-2010 REG CUSIP: 31335KFU5			2,080.79				2,118.83				2,132.33
FHLMC MULTICLASS SER T-41 CL 2A 6.98533010483 07-25-2032 CUSIP: 31392MEM0			156,642.21				162,552.62				164,812.98
FHLMC MULTICLASS SER 1955 CL Z 7.5 05-20-2027 CUSIP: 3133TA2L5			526,107.65				565,319.12				549,978.73
FNMA POOL #190344 6% 12-01-2033 BEO CUSIP: 31368HLZ4			485,936.68				490,492.38				494,435.71
FNMA POOL #224484 7.5% DUE 06-01-2011 REG CUSIP: 31369YJ55			29,890.28				30,958.75				30,490.51
FNMA POOL #256116 6% DUE 02-01-2026 REG CUSIP: 31371MN94			3,038,041.31				3,067,947.03				3,093,953.42
FNMA POOL #256937 6.5% 10-01-2037 BEO CUSIP: 31371NLS2			1,535,943.16				1,563,782.14				1,566,870.91
FNMA POOL #313224 7% DUE 12-01-2011 REG CUSIP: 31374F4H9			53,428.09				55,081.01				55,291.61
FNMA POOL #323165 6% DUE 06-01-2013 REG CUSIP: 31374S6A4			9,420.64				9,840.16				9,658.22
FNMA POOL #387219 4.125% 01-01-2010 BEO CUSIP: 31377UDY6			166,505.54				160,534.76				166,131.40
FNMA POOL #535755 6.26% DUE 03-01-2011 REG CUSIP: 31384WE48			311,304.06				321,421.47				325,515.40

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 96 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
U.S. Government Securities
United States — USD
FNMA POOL #545090 6% DUE 07-01-2016 REG CUSIP: 31385HRK0			183,647.60				192,514.33				188,226.85
FNMA POOL #545209 6.135% 10-01-2011 BEO CUSIP: 31385HVA7			106,571.62				116,038.19				111,686.63
FNMA POOL #545316 5.63% DUE 12-01-2011 REG CUSIP: 31385HYM8			217,554.95				230,727.26				225,311.65
FNMA POOL #545962 5.5% DUE 12-01-2013 REG CUSIP: 31385JQP6			257,412.74				266,804.27				260,980.74
FNMA POOL #555191 4.866% 02-01-2013 BEO CUSIP: 31385WXU8			150,336.48				154,006.79				152,095.12
FNMA POOL #555299 7% 11-01-2017 BEO CUSIP: 31385W3G2			413,173.38				439,384.08				430,111.84
FNMA POOL #555316 4.918% 02-01-2013 BEO CUSIP: 31385W3Z0			326,116.42				325,912.59				330,401.26
FNMA POOL #555728 4.02% 08-01-2013 BEO CUSIP: 31385XLH8			219,001.50				206,272.04				213,235.19
FNMA POOL #703930 5.5% 05-01-2033 BEO CUSIP: 31401CA78			1,081,138.94				1,063,992.74				1,081,941.15
FNMA POOL #725019 6% 11-01-2033 BEO CUSIP: 31402CPC0			1,152,875.79				1,163,323.75				1,173,039.59
FNMA POOL #725135 6% 05-01-2018 BEO CUSIP: 31402CSY9			361,716.05				379,858.38				370,735.44
FNMA POOL #725324 5.388% 11-01-2013 BEO CUSIP: 31402CYV8			222,253.60				228,788.42				229,161.69
FNMA POOL #725423 5.5% DUE 05-01-2034 REG CUSIP: 31402C4G4			1,848,892.34				1,792,992.24				1,850,264.22
FNMA POOL #725510 6.5% 07-01-2017 BEO CUSIP: 31402DAK6			515,879.77				543,850.13				534,633.03
FNMA POOL #725992 5.5% 10-01-2014 BEO CUSIP: 31402DRM4			903,148.84				937,722.51				926,223.39
FNMA POOL #735417 6.5% 03-01-2035 BEO CUSIP: 31402RAS8			932,545.52				969,410.22				964,073.95
FNMA POOL #735439 6% 09-01-2019 BEO CUSIP: 31402RBG3			1,475,809.34				1,512,935.18				1,512,608.65
FNMA POOL #735482 6% 02-01-2019 BEO CUSIP: 31402RCT4			701,482.41				724,390.21				718,973.87
FNMA POOL #735733 4.5% 10-01-2033 BEO CUSIP: 31402RLN7			2,619,110.33				2,400,578.31				2,481,648.94
FNMA POOL #735798 5.5% DUE 07-01-2020 REG CUSIP: 31402RNP0			1,612,555.56				1,630,444.85				1,636,935.79

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 97 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
U.S. Government Securities
United States — USD
FNMA POOL #735857 6.5% 06-01-2033 BEO CUSIP: 31402RQJ1			1,772,682.92				1,832,995.67				1,833,103.04
FNMA POOL #745329 6% 07-01-2035 BEO CUSIP: 31403DA66			196,761.06				198,820.93				200,458.00
FNMA POOL #773208 4.098% 12-01-2034 BEO CUSIP: 31404NAH9			971,000.74				947,939.48				971,933.87
FNMA POOL #825395 ADJ RT DUE 07-01-2035 BEO CUSIP: 31407A7G0			1,868,990.10				1,835,333.66				1,876,544.56
FNMA POOL #834927 5.045% 07-01-2035 BEO CUSIP: 31407MSQ9			1,942,054.97				1,917,475.83				1,959,082.91
FNMA POOL #888262 5.5% DUE 01-01-2022 BEO CUSIP: 31410FZ32			841,954.63				843,335.96				852,974.13
FNMA POOL #888560 6 11-01-2035 BEO CUSIP: 31410GE90			3,014,656.63				2,990,633.59				3,067,382.97
FNMA PREASSIGN 00619 7 06-25-2042 CUSIP: 31392DF49			84,936.68				89,462.20				89,681.16
FNMA PREASSIGN 00717 6.5 09-25-2028 CUSIP: 31392CT61			1,462,272.72				1,498,029.84				1,495,441.45
FNMA PREASSIGN 00837 7.5 04-25-2029 CUSIP: 31358S4W8			106,762.99				109,532.53				112,455.81
FNMA REMIC SER 2003-W17 CL PT1 9.27556 08-25-2032 CUSIP: 31393UAN3			222,929.17				254,684.38				240,372.93
FNMA SERIES 2001-W3 CLASS-A 7 09-25-2041 CUSIP: 3139216F0			99,911.42				108,560.03				104,069.23
FNMA 2001-T10 CL A1 PASS THROUGH 7 12-25-2031 CUSIP: 3139216A1			102,942.75				107,404.66				107,428.27
SMALL BUS ADMIN GTD DEV PARTN CTF DEB SER 1997-20 I 6.9/09-01-2017/09-01-2002 CUSIP: 83162CHT3			74,041.80				75,621.86				76,824.51
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 1993-20 F 6.65 6-1-13/99 REG CUSIP: 83162CER0			81,198.27				86,021.45				82,618.43
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 1997-20 F 7.2 6-1-17/00 REG CUSIP: 83162CHN6			50,297.58				52,153.95				52,404.85
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 2000-20 C 7.625 03-01-2020 REG CUSIP: 83162CKQ5			485,271.06				523,704.54				516,122.65
SMALL BUSINESS ADMIN GTD DEV PARTN CTF DEB SER 2003-20 B 0 DUE 02-01-2023 REG CUSIP: 83162CMU4			271,255.88				270,323.43				271,849.39
SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2005-20 A 4.86 DUE 01-01-2025 REG CUSIP: 83162CPG2			781,791.28				781,791.28				781,330.02
SMALL BUSINESS ADMIN GTD DEV PARTN CTF 2006-20F PARTN CTF 5.82 06-01-2026 REG CUSIP: 83162CQH9			937,382.87				951,404.37				973,869.56

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 98 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
U.S. Government Securities
United States — USD
SMALL BUSINESS ADMIN GTD DEV PARTN CTF 2007-20D PARTN CTF 5.32 DUE 04-01-27 REG CUSIP: 83162CQY2			483,975.13				483,975.13				488,997.34
SMALL BUSINESS ADMIN GTD DEV PARTN CTF 6.1% DUE 07-01-2018/01-01-2007 REG CUSIP: 83162CJJ3			125,849.24				125,849.24				129,357.29
UNITED STATES TREAS NTS DTD 02/18/2003 3% DUE 02-15-2008 REG CUSIP: 912828AT7			5,850,000.00				5,769,207.04				5,847,712.65
UNITED STATES TREAS NTS DTD 12/15/2003 3.375% DUE 12-15-2008 REG CUSIP: 912828BT6			605,000.00				605,378.13				605,756.25
UTD STATES TREAS NTS 3.75 NTS 15/05/2008USD1000 3.75 DUE 05-15-2008 REG CUSIP: 912828DT4			1,000,000.00				1,001,796.88				1,001,172.00
Total United States — USD							57,835,726.62				58,199,094.09
Total U.S. Government Securities							57,835,726.62				58,199,094.09
Corporate Debt Instruments — Preferred
Luxembourg — USD
PVTPL COVIDIEN INTL FIN S A SR NT 144A 6% DUE 10-15-2017 BEO CUSIP: 22303QAB6			200,000.00				199,854.00				206,946.80
Total Luxembourg — USD							199,854.00				206,946.80
United Kingdom — USD
HSBC HLDGS PLC NT 6.5% DUE 05-02-2036 BEO CUSIP: 404280AG4			475,000.00				494,081.00				461,783.13
Total United Kingdom — USD							494,081.00				461,783.13
United States — USD
AT&T CORP USD SR NT VAR RATE DUE 11-15-2031/11-14-2031 BEO CUSIP: 001957BD0			1,000,000.00				1,029,325.49				1,228,073.00
BAC CAP TR XI BAC CAPITAL TRUST 6.625 20360 6.625% DUE 05-23-2036 BEO CUSIP: 056335AA0			475,000.00				501,997.25				462,119.90
BANK ONE CAP III 8.75% BDS 01/09/30 USD 8.75% DUE 09-01-2030/08-31-2030 BEO CUSIP: 06423KAA9			350,000.00				422,215.50				405,248.55
BANKAMERICA CAP II SER 2 8 BD DUE 12-15-2026/06 BEO CUSIP: 066048AA7			375,000.00				396,709.50				392,689.13
BNSF RY CO 2006-2 PASS THRU TR PASS THRUCTF 5.629% DUE 04-01-2024 BEO CUSIP: 05565SAA2			282,732.83				282,732.83				280,977.06

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 99 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Debt Instruments — Preferred
United States — USD
BSTN PPTYS LTD PARTNERSHIP SR NT 6.25 DUE 01-15-2013/01-14-2013 BEO CUSIP: 10112RAB0			550,000.00				570,555.00				552,417.25
BURL NORTHN SANTA FE RY CO PASS THRU TR SER 2000-1 8.251 DUE 01-15-2021 BEO CUSIP: 12189PAG7			379,703.62				389,659.06				440,619.47
CITIGROUP INC CITIGROUP INC NOTE 6.125% DUE 11-21-2017 BEO CUSIP: 172967EM9			500,000.00				497,860.00				513,597.00
DOW CHEM CO NT DTD 08/29/2002 6% DUE 10-01-2012/09-30-2012 BEO CUSIP: 260543BR3			375,000.00				408,145.00				389,821.50
DOW CHEM CO 7.375 DUE 11-01-2029 BEO CUSIP: 260543BJ1			575,000.00				625,736.25				632,449.98
HSBC HLDGS PLC HSBC HLDGS PLC 6.5 DUE 09-15-2037 BEO CUSIP: 404280AH2			275,000.00				274,348.25				266,537.98
SLM STUDENT LN TR SER 2006-3 CL A4 FLT RT 07-25-2019 REG CUSIP: 78442GSC1			500,000.00				497,539.06				500,000.00
SLM STUDENT LN TR 2006-7 STUDENT LN BKD NT CL A-2 10-25-2016 REG CUSIP: 78443GAB1			1,192,737.77				1,192,271.86				1,193,445.06
SLM STUDENT LN TR 2007-7 STUDENT LN-BKD NT CL A-2 FLTG 01-25-2016 REG CUSIP: 78444EAB5			800,000.00				800,000.00				796,680.00
ST PAUL COS INC SR NT 8.125 DUE 04-15-2010/04-17-2000 BEO CUSIP: 792860AD0			275,000.00				296,881.75				297,058.30
ST PAUL TRAVELERS COS INC BD 5.5 DUE 12-01-2015 BEO CUSIP: 792860AH1			425,000.00				413,580.75				422,073.03
TRAVELERS COS INC SR NT 5.75% DUE 12-15-2017/05-29-2007 CUSIP: 89417EAC3			275,000.00				274,279.50				270,508.43
UN PAC RR CO PASS THRU TR PASS THRU CTF SER 1999-A 7.6 DUE 01-02-2020 BEO CUSIP: 907833AH0			749,914.77				749,914.77				843,181.67
UN PAC RR CO 2006-1 PASS THRU TR SER 2006-1 5.866 DUE 07-02-2030 REG CUSIP: 90783WAA1			1,024,928.66				1,032,898.36				1,111,535.13
WACHOVIA BK NATL ASSN MEDIUM TERM SUB BKTRANCHE # SB 00008 6 DUE 11-15-2017 CUSIP: 92976GAH4			425,000.00				421,612.75				427,839.85
WACHOVIA CORP NEW SR NT FLT RT DUE 04-23-2012 BEO CUSIP: 929903DF6			1,050,000.00				1,050,000.00				1,017,855.30
WELLPOINT INC NT 5.25% DUE 01-15-2016 BEO CUSIP: 94973VAK3			1,000,000.00				970,697.25				968,178.00
WELLS FARGO & CO NEW WELLS FARGO CO 5.625% DUE 12-11-2017 BEO CUSIP: 949746NX5			475,000.00				473,024.00				475,290.23
WYETH NT 5.45% DUE 04-01-2017 REG CUSIP: 983024AM2			350,000.00				349,275.50				354,021.15
WYETH NT 5.5% DUE 02-15-2016/02-07-2006 REG CUSIP: 983024AJ9			150,000.00				150,139.50				152,442.45

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 100 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Debt Instruments — Preferred
United States — USD
WYETH WYE 5.50 02/01/2014 5.5 DUE 02-01-2014/12-16-2003 BEO CUSIP: 983024AE0			75,000.00				74,505.42				76,174.88
Total United States — USD							14,145,904.60				14,470,834.30
Total Corporate Debt Instruments — Preferred							14,839,839.60				15,139,564.23
Corporate Debt Instruments — Other
France — USD
LAFARGE S A NT 6.5% DUE 07-15-2016 REG CUSIP: 505861AB0			450,000.00				449,115.50				443,808.45
Total France — USD							449,115.50				443,808.45
Iceland — USD
PVTPL KAUPTHING BK HF MEDIUM TERM SUB BKB TRANCHE # 01 7.125 DUE 05-19-2016 BEO CUSIP: 48632HAA5			800,000.00				805,086.00				733,403.20
Total Iceland — USD							805,086.00				733,403.20
United States — USD
AOL TIME WARNER INC DEB DTD 04/08/2002 7.7 DUE 05-01-2032 BEO CUSIP: 00184AAG0			1,319,000.00				1,445,649.22				1,465,481.55
AOL TIME WARNER INC DEB DTD 04/19/2001 7.625% DUE 04-15-2031/04-14-2031 BEO CUSIP: 00184AAC9			800,000.00				886,452.00				885,296.00
BK AMER N A CHARLOTTE N C MEDIUM TERM TRANCHE # TR 00229 5.3 DUE 03-15-2017 CUSIP: 06050TKN1			700,000.00				699,349.00				680,663.20
BOSTON SCIENTIFIC CORP BOSTON SCIENTIFC 5.45% DUE 06-15-2014/06-25-2004 BEO CUSIP: 101137AB3			575,000.00				512,562.50				529,000.00
BSTN PPTYS LTD PARTNERSHIP SR NT 5.625 DUE 04-15-2015/04-14-2015 BEO CUSIP: 10112RAF1			400,000.00				394,248.50				386,832.80
BURL NTHN SANTA FE CORP 4.875 DUE 01-15-2015 BEO CUSIP: 12189TAW4			375,000.00				351,783.00				358,678.50
CAP1 FINL CORP 6.75 DUE 09-15-2017 BEO CUSIP: 14040HAR6			975,000.00				977,719.75				935,142.98
CIGNA CORP NT DTD 07/15/1998 STEP UP DUE1-15-33 BEO 8.3 TIL 1-15-23 8.08 AFTER CUSIP: 125509BE8			100,000.00				123,537.00				116,264.60
CIGNA CORP SR NT 6.15 DUE 11-15-2036 BEO CUSIP: 125509BH1			200,000.00				203,498.00				185,563.00

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 101 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Debt Instruments — Other
United States — USD
CIGNA CORP SR NT 7 DUE 01-15-2011/01-14-2011 BEO CUSIP: 125509BF5			315,000.00				313,651.80				334,376.28
CIGNA CORP 7.875 DEB DUE 05-15-2027 CUSIP: 125509AZ2			300,000.00				373,960.00				338,110.20
COMCAST CORP NEW BD 5.85% DUE 11-15-2015/11-14-2005 BEO CUSIP: 20030NAJ0			325,000.00				326,079.00				327,333.18
COMCAST CORP NEW BD 6.3 DUE 11-15-2017 BEO CUSIP: 20030NAU5			300,000.00				300,113.25				311,258.10
COMCAST CORP NEW COMCAST CORPORATION 6.5% DUE 01-15-2017 BEO CUSIP: 20030NAP6			325,000.00				329,182.50				338,861.90
COMCAST CORP NEW GTD NT 5.9% DUE 03-15-2016/03-02-2006 REG CUSIP: 20030NAL5			225,000.00				224,689.50				226,370.48
COMCAST CORP NEW NT 5.3 DUE 01-15-2014/01-14-2014 BEO CUSIP: 20030NAE1			625,000.00				613,900.95				612,876.88
COX COMMUNICATIONS INC NEW BD 5.5 DUE 10-01-2015/09-22-2003 BEO CUSIP: 224044BH9			275,000.00				275,166.00				269,169.45
COX COMMUNICATIONS INC NEW NT 5.45% DUE 12-15-2014/05-17-2005 BEO CUSIP: 224044BM8			675,000.00				669,612.20				661,522.28
DILLARD DEPT STORE 7.875 BD DUE 1-1-23 BEO CUSIP: 254063AR1			200,000.00				198,000.00				156,000.00
DILLARD DEPT STORES INC 7.75 DEBDUE 05-15-2027 BEO CUSIP: 254063AW0			620,000.00				523,973.40				477,400.00
FORD MTR CR CO LLC FORD MOTOR CREDIT CO 7.25% DUE 10-25-2011 BEO CUSIP: 345397TY9			1,250,000.00				1,234,297.48				1,082,698.75
FORD MTR CR CO LLC GLOBAL LANDMARK SECS-GLOBLS 7.375% DUE 02-01-2011 BEO CUSIP: 345397TS2			950,000.00				879,252.50				850,730.70
FORD MTR CR CO LLC NT 7.375% DUE 10-28-2009 BEO CUSIP: 345397SM6			200,000.00				213,626.00				188,249.20
GEN MTRS ACCEP CORP NT DTD 09/12/2001 6.875 DUE 09-15-2011 BEO CUSIP: 370425RX0			2,375,000.00				2,243,911.29				2,031,798.25
GENERAL MTRS ACCEP CORP GM 8% DUE 11-01-2031 BEO CUSIP: 370425RZ5			725,000.00				678,156.25				608,184.38
GENERAL MTRS ACCEP CORP SR NT DTD 08/29/2002 6.875% DUE 08-28-2012 BEO CUSIP: 370425SE1			125,000.00				116,093.75				104,745.50
HCA INC NT DTD 02/07/2006 6.5% DUE 02-15-2016/02-08-2006 REG CUSIP: 404119AR0			350,000.00				348,495.00				295,750.00
HCA INC SR NT 5.75 DUE 03-15-2014 REG CUSIP: 404119AL3			1,950,000.00				1,887,231.00				1,618,500.00
HEALTHNET INC SR NT 6.375% DUE 06-01-2017/05-18-2007 CUSIP: 422248AA2			200,000.00				197,274.00				195,039.80

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 102 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Debt Instruments — Other
United States — USD
LIBERTY MEDIA CORP SR DEB 8.5 DUE 07-15-2029/07-14-2029 BEO CUSIP: 530715AD3			375,000.00				370,459.50				367,309.88
LIBERTY MEDIA CORP SR EXCHANGEABLE DEB 4% DUE 11-15-2029/11-15-2007 BEO CUSIP: 530715AG6			375,000.00				239,062.50				236,250.00
LIBERTY MEDIA CORP 8.25% DUE 02-01-2030 BEO CUSIP: 530715AJ0			300,000.00				293,708.25				287,892.30
MAY DEPT STORES CO CO 6.7 DUE 09-15-2028BEO CUSIP: 577778BH5			725,000.00				717,737.00				639,587.03
MAY DEPT STORES CO MAY DEPT STORES CO 6.9% DUE 01-15-2032 BEO CUSIP: 577778BQ5			325,000.00				332,091.50				297,376.63
MAY DEPT STORES CO SR NT 6.7 DUE 07-15-2034/07-20-2004 BEO CUSIP: 577778CE1			80,000.00				78,268.80				72,167.36
NORFOLK SOUTHN CORP NT 7.7 DUE 05-15-2017 REG CUSIP: 655844AE8			250,000.00				292,685.00				283,100.50
PROVIDENT COS INC 7.25 DUE 03-15-2028 REG CUSIP: 743862AA2			125,000.00				124,786.25				130,240.50
PVTPL COX COMM INC NEW /TS/COXENTCOX COMM INC 5.875 DUE 12-01-2016 CUSIP: 224044BQ9			375,000.00				376,494.25				372,797.25
PVTPL OVERSEAS PVT INV CRP U S GVT GTD SER 1996 503-D TR ELTRK 6.05 1-15-09 EG CUSIP: 690353CJ4			82,221.34				82,221.34				83,244.17
PVTPL UNUMPROVIDENT FIN CO PLC BD 144A 6.85% DUE 11-15-2015 BEO CUSIP: 91529MAA0			100,000.00				99,893.00				103,647.70
SAFECO CORP SR NT 7.25 DUE 09-01-2012 BEO CUSIP: 786429AN0			170,000.00				193,460.40				183,192.00
TIME WARNER INC 01-07-2008 CUSIP: 88732GA79			850,000.00				845,844.44				849,118.53
TIME WARNER INC 01-22-2008 CUSIP: 88732GAN4			550,000.00				547,368.24				548,297.09
UNUM CORP NT 6.75 DUE 12-15-2028 BEO CUSIP: 903192AA0			223,000.00				188,401.76				223,934.15
UNUMPROVIDENT CORP SR NT 7.625% DUE 03-01-2011 BEO CUSIP: 91529YAC0			71,000.00				72,691.94				75,737.62
XEROX CORP NT 6.875% DUE 08-15-2011/08-14-2011 BEO CUSIP: 984121BN2			1,150,000.00				1,177,250.00				1,203,048.35
XEROX CORP SR NT 6.4% DUE 03-15-2016 REG CUSIP: 984121BP7			150,000.00				154,554.00				153,492.45

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 103 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Debt Instruments — Other
United States — USD
XEROX CORP SR NT 7.125% DUE 06-15-2010/06-14-2010 REG CUSIP: 984121BL6			450,000.00				467,394.23				471,457.80
Total United States — USD							24,195,837.24				23,153,789.27
Total Corporate Debt Instruments — Other							25,450,038.74				24,331,000.92
Corporate Stock — Common
Bermuda — USD
CASTLEPOINT HOLDINGS LTD COM STK USD0.01 CUSIP: G19522112			19,208.00				274,997.15				230,496.00
Total Bermuda — USD							274,997.15				230,496.00
Brazil — USD
ADR EMBRAER-EMPRESA BRASILEIRA DE AERONAUTICA S A SPONSR ADR REPSTG PFDSHS CUSIP: 29081M102			6,900.00				310,316.12				314,571.00
Total Brazil — USD							310,316.12				314,571.00
Canada — USD
LULULEMON ATHLETICA INC COM CUSIP: 550021109			2,300.00				41,400.00				108,951.00
MAGNA INTL INC CL A CUSIP: 559222401			2,700.00				197,462.61				217,161.00
NOVA CHEMICALS CORP COM CUSIP: 66977W109			4,700.00				117,973.09				152,280.00
POTASH CORP SASK INC COM CUSIP: 73755L107			3,500.00				423,906.01				503,860.00
RESEARCH IN MOTION LTD COM CUSIP: 760975102			45,760.00				3,894,533.81				5,189,184.00
SXC HEALTH SOLUTIONS CORP COM CUSIP: 78505P100			11,587.00				244,787.31				168,011.50
Total Canada — USD							4,920,062.83				6,339,447.50
China — USD
GDR TRINA SOLAR LTD SPONSORED ADR CUSIP: 89628E104			6,090.00				270,470.60				327,642.00
Total China — USD							270,470.60				327,642.00

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 104 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Stock — Common
Europe Region — USD
CENT EUROPEAN MEDIA ENTERPRISES LTD NEW COM STK CUSIP: G20045202			3,680.00				201,770.44				426,806.40
Total Europe Region — USD							201,770.44				426,806.40
Finland — USD
ADR NOKIA CORP SPONSORED ADR CUSIP: 654902204			67,000.00				2,363,752.61				2,572,130.00
Total Finland — USD							2,363,752.61				2,572,130.00
France — USD
ADR SANOFI-AVENTIS SPONSORED ADR CUSIP: 80105N105			125,200.00				5,485,956.34				5,700,356.00
ADR TOTAL SA CUSIP: 89151E109			3,000.00				186,705.71				247,800.00
THOMSON SA SPONSORED ADR CUSIP: 885118109			15,200.00				381,650.15				213,104.00
Total France — USD							6,054,312.20				6,161,260.00
Germany — USD
DEUTSCHE BK AG COM STK ISIN DE0005140008 SDL 505964X CUSIP: D18190898			1,600.00				220,371.36				207,056.00
Total Germany — USD							220,371.36				207,056.00
Ireland — USD
ADR ELAN CORP PLC ADR REPSTG SHS CUSIP: 284131208			11,700.00				251,990.71				257,166.00
ADR ICON PUB LTD CO CUSIP: 45103T107			4,071.00				236,101.33				251,832.06
Total Ireland — USD							488,092.04				508,998.06
Israel — USD
ADR TEVA PHARMACEUTICAL INDS CUSIP: 881624209			38,400.00				1,588,396.26				1,784,832.00
Total Israel — USD							1,588,396.26				1,784,832.00

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 105 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Stock — Common
Japan — USD
ADR HITACHI LTD A.D.R. FOR 10 COM CUSIP: 433578507			28,700.00				1,724,605.41				2,099,118.00
ADR KYOCERA CORP A.D.R. FOR COM CUSIP: 501556203			6,700.00				560,279.46				584,374.00
ADR MATSUSHITA ELEC INDL LTD ADR CUSIP: 576879209			236,900.00				3,524,116.83				4,842,236.00
ADR SONY CORP AMERN SH NEW CUSIP: 835699307			92,700.00				3,366,682.81				5,033,610.00
Total Japan — USD							9,175,684.51				12,559,338.00
Luxembourg — USD
ADR ARCELORMITTAL SA LUXEMBOURG N Y REGISTRY SHS CUSIP: 03938L104			4,600.00				184,432.40				355,810.00
Total Luxembourg — USD							184,432.40				355,810.00
Mexico — USD
ADR CEMEX SAB DE CV CUSIP: 151290889			28,994.00				884,867.67				749,494.90
AMER MOVIL SAB DE C V SPONSORED ADR REPSTG SER L SHS CUSIP: 02364W105			5,800.00				328,417.01				356,062.00
Total Mexico — USD							1,213,284.68				1,105,556.90
Netherlands — USD
ADR AEGON N V NY REGISTRY SHS SHS CUSIP: 007924103			62,318.00				841,860.68				1,092,434.54
ADR KONINKLIJKE PHILIPS ELECTRS N V N Y REGISTRY SH NEW 2000 CUSIP: 500472303			24,400.00				838,182.36				1,043,100.00
CORE LAB NV NLG0.03 CUSIP: N22717107			3,740.00				378,230.46				466,452.80
EURAND N.V. EUR0.01 CUSIP: N31010106			13,649.00				217,701.60				215,654.20
Total Netherlands — USD							2,275,975.10				2,817,641.54

Northern Trust		Generated by Northern Trust from periodic data on 13 May 08

5500 Supplemental Schedules		Account number 7879
31 DEC 07		Account Name MONSANTO CONSOLIDATED
		Page 106 of 133

w   Schedule of Assets Held for Investment Purposes

Security Description / Asset ID		Shares/Par Value				Historical Cost				Current Value
Corporate Stock — Common
Singapore — USD
FLEXTRONICS INTL LTD COM STK CUSIP: Y2573F102			18,900.00				195,975.99				227,934.00
VERIGY LTD ORD SHS CUSIP: Y93691106			12,910.00				328,290.24				350,764.70
Total Singapore — USD							524,266.23				578,698.70
Switzerland — USD
ADR ABB LTD SPONSORED ADR CUSIP: 000375204			83,100.00				2,236,458.89				2,393,280.00
ADR NOVARTIS AG CUSIP: 66987V109			92,200.00				5,068,332.08				5,007,382.00
ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104 CUSIP: 771195104			9,700.00				597,156.04				837,927.71
ALCON INC COM CHF0.20 CUSIP: H01301102			20,480.00				1,873,699.66				2,929,459.20
Total Switzerland — USD							9,775,646.67				11,168,048.91
United Kingdom — USD
ADR ASTRAZENECA PLC SPONSORED ADR UK CUSIP: 046353108			12,800.00				652,084.42				548,096.00
ADR BP P L C SPONSORED ADR CUSIP: 055622104			3,400.00				211,781.78				248,778.00
ADR GLAXOSMITHKLINE PLC SPONSORED ADR CUSIP: 37733W105			86,300.00				4,201,431.16				4,348,657.00
ADR HSBC HLDGS PLC SPONSORED ADR NEW CUSIP: 404280406			23,100.00				2,126,942.73				1,933,701.00
ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS CUSIP: 780259206			3,400.00				237,059.22				286,280.00
ADR ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS CUSIP: 780259107			10,800.00				721,059.36				896,400.00
ADR VODAFONE GROUP PLC NEW SPONSORED ADRNEW ADR CUSIP: 92857W209			8,500.00				241,225.75				317,220.00
Total United Kingdom — USD							8,391,584.42				8,579,132.00