SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
HUGHES ELECTRONICS CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
444418107
(CUSIP Number)
DECEMBER 22, 2003
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
This Schedule supersedes the filing made earlier today.
CUSIP NO. 444418107 13G PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(a) U.S. TRUST CORPORATION ID NO. 13-2927955
(b) UNITED STATES TRUST COMPANY OF NEW YORK ID NO. 13-5459866
U.S. Trust Corporation is a wholly-owned subsidiary of The Charles Schwab
Corporation. Each entity files reports completely separate and independent
from the other. Correspondingly, neither entity shares with the other either
any information and/or power with respect to either the voting and/or
disposition of the securities reported by each.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) -
(b) -
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
272,237,585 SHARES HELD BY GENERAL MOTORS
NUMBER OF CORPORATION EMPLOYEE BENEFIT PLANS
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
272,237,585 SHARES HELD BY GENERAL MOTORS
CORPORATION EMPLOYEE BENEFIT PLANS
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8 SHARED DISPOSITIVE POWER
673,759 SHARES HELD IN MANAGED
ACCOUNTS
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
272,911,344 SHARES, COMPRISED OF 272,237,585 SHARES HELD BY GENERAL MOTORS
CORPORATION EMPLOYEE BENEFIT PLANS, AND 673,759 SHARES HELD IN MANAGED
ACCOUNTS
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
19.705%, COMPRISED OF 19.7% HELD BY GENERAL MOTORS CORPORATION EMPLOYEE
BENEFIT PLANS, AND .005% HELD IN MANAGED ACCOUNTS
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12 TYPE OF REPORTING PERSON*
1(a) HC
1(b) BK
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* SEE INSTRUCTIONS BEFORE FILLING OUT
ITEM 1(a). NAME OF ISSUER:
Hughes Electronics Corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2250 E, Imperial Highway
EL Segundo, California 90245
ITEM 2(a). NAME OF PERSON FILLING:
U.S. TRUST CORPORATION ID NO. 13-2927955
UNITED STATES TRUST COMPANY OF NEW YORK ID NO. 13-5459866
U.S. Trust Corporation is a wholly-owned subsidiary of The
Charles Schwab Corporation. Each entity files reports
completely separate and independent from the other.
Correspondingly, neither entity shares with the other either
any information and/or power with respect to either the voting
and/or disposition of the securities reported by each.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
114 W, 47th Street
New York, New York 10036
ITEM 2(c). CITIZENSHIP:
United States
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
444418107
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
WITH RESPECT TO U.S. TRUST CORPORATION:
(a) [ ] Broker or Dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan, or endowment fund in
accordance with section 240.13d-1(b)(1)(ii)(F).
(g) [X] A parent holding company or control person in
accordance with section 240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with section
240.13d-1(b)(1)(ii)(J).
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WITH RESPECT TO UNITED STATES TRUST COMPANY OF NEW YORK:
(a) [ ] Broker or Dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) [X] Bank as defined in section 3(a)(6) of the Act (15 U.S.C 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan, or endowment fund in accordance with
section 240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G).
(h) [ ] A saving association as defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned:
272,911,344 SHARES, COMPRISED OF 272,237,585 SHARES HELD BY
GENERAL MOTORS CORPORATION EMPLOYEE BENEFIT PLANS, AND
673,759 SHARES HELD IN MANAGED ACCOUNTS
(b) Percent of Class:
19.705%, COMPRISED OF 19.7% HELD BY GENERAL MOTORS CORPORATION
EMPLOYEE BENEFIT PLANS, AND .005% HELD IN MANAGED ACCOUNTS
(c) Number of Shares as to which such persons have:
(i) Sole power to vote or direct the vote:
272,237,585 SHARES HELD BY GENERAL MOTORS
CORPORATION EMPLOYEE BENEFIT PLANS
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition
of:
272,237,585 SHARES HELD BY GENERAL MOTORS
CORPORATION EMPLOYEE BENEFIT PLANS
(iv) Shared power to dispose or to direct the disposition
of:
673,759 HELD IN MANAGED ACCOUNTS
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: January 9, 2004
/s/ Joseph A. Tricarico
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Joseph A. Tricarico
Authorized Agent/Vice President
and Trust Counsel
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