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amounts that are recognized as liabilities in the consolidated balance sheet: 1996 1995 ---- ---- <strong>Actuarial present value</strong> of benefit obligations: Vested benefit obligation ...................................................", "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED) The following table sets forth the funded status of the plans: ----------------------------------------------- DECEMBER 31, 1994 DECEMBER 31, 1993 ----------------------- ----------------------- ASSETS ACCUMULATED ASSETS ACCUMULATED EXCEED BENEFITS EXCEED BENEFITS ACCUMULATED EXCEED ACCUMULATED EXCEED BENEFITS ASSETS BENEFITS ASSETS ----------- ----------- ----------- <strong>Actuarial present value</strong> of Vested benefit obligation....", "The funded status of the Company&#x27;s pension plans is as follows: DECEMBER 31, ---------------- 1997 1996 ------- ------- (IN THOUSANDS) <strong>Actuarial present value</strong> of benefit obligation: Vested...............................................", "The following table sets forth the funded status of the plans: ----------------------------------------------- DECEMBER 31, 1995 DECEMBER 31, 1994 ----------------------- ----------------------- ASSETS ACCUMULATED ASSETS ACCUMULATED EXCEED BENEFITS EXCEED BENEFITS ACCUMULATED EXCEED ACCUMULATED EXCEED BENEFITS ASSETS BENEFITS ASSETS ----------- ----------- ----------- <strong>Actuarial present value</strong> of Vested benefit obligation...", "PENSION, POSTRETIREMENT AND OTHER EMPLOYEE BENEFIT PLANS (CONTINUED) A reconciliation of the plan&#x27;s funded status to the pension liability recognized in the Consolidated Balance Sheet is as follows: 1996 1995 (THOUSANDS OF DOLLARS) <strong>Actuarial present value</strong> of pension benefit obligations Accumulated benefit obligation, including $1,048,074 and $956,990 in vested benefits at December 31, 1996 and 1995, respectively............................", "<strong>Actuarial present 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