-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Bi91VSWOdG4V+e3AH4E3mSMS07ABe7FxWZjMfmLksEKf/upuzw6mdIBg/aThhQMn ZdpD/hlJfZtsJngHAxN1Ow== 0000940400-05-000575.txt : 20051028 0000940400-05-000575.hdr.sgml : 20051028 20051028100439 ACCESSION NUMBER: 0000940400-05-000575 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050831 FILED AS OF DATE: 20051028 DATE AS OF CHANGE: 20051028 EFFECTIVENESS DATE: 20051028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HIGHLAND FLOATING RATE LTD LIABILITY CO CENTRAL INDEX KEY: 0001068201 IRS NUMBER: 364251184 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-08957 FILM NUMBER: 051161659 BUSINESS ADDRESS: STREET 1: TWO GALLERIA TOWER STREET 2: 13455 NOEL ROAD, SUITE 1300 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9726284100 MAIL ADDRESS: STREET 1: TWO GALLERIA TOWER STREET 2: 13455 NOEL ROAD, SUITE 1300 CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA FLOATING RATE LIMITED LIABILITY CO DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: STEIN ROE FLOATING RATE LIMITED LIABILITY CO DATE OF NAME CHANGE: 19980929 NSAR-B 1 answer.fil PAGE 1 000 B000000 08/31/2005 000 C000000 0001068201 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 HIGHLAND FLOATING RATE LIMITED LIABILITY CO. 001 B000000 811-8957 001 C000000 8776651287 002 A000000 13455 NOEL ROAD, SUITE 1300 002 B000000 DALLAS 002 C000000 TX 002 D010000 75240 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 HIGHLAND CAPITAL MANAGEMENT, L.P. 008 B000001 A 008 C000001 801-54874 008 D010001 DALLAS 008 D020001 TX 008 D030001 75240 010 A000001 HIGHLAND CAPITAL MANAGEMENT L.P. 010 C010001 DALLAS 010 C020001 TX 010 C030001 75240 010 A000002 PFPC INC. 010 B000002 84-1761 010 C010002 WESTBOROUGH 010 C020002 MA 010 C030002 01581 011 A000001 PFPC DISTRIBUTORS, INC. 011 B000001 8-045467 011 C010001 KING OF PRUSSIA 011 C020001 PA PAGE 2 011 C030001 19406 012 A000001 PFPC, INC. 012 B000001 84-1761 012 C010001 PAWTUCKET 012 C020001 RI 012 C030001 02860 013 A000001 PRICEWATERHOUSECOOPERS LLP 013 B010001 BOSTON 013 B020001 MA 013 B030001 02110 015 A000001 PFPC TRUST CO. 015 B000001 C 015 C010001 PHILADELPHIA 015 C020001 PA 015 C030001 19153 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 6 019 C000000 HIGHLANDFD 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 STATE STREET BANK & TRUST CO. 022 B000001 04-1867445 022 C000001 2975442 022 D000001 71300 022 A000002 JPMORGAN CHASE 022 B000002 13-3224016 022 C000002 202417 022 D000002 44110 022 A000003 BANK OF AMERICA 022 B000003 95-4035346 022 C000003 114661 022 D000003 32657 022 A000004 CREDIT SUISSE 022 B000004 00-0000000 022 C000004 116090 022 D000004 30548 022 A000005 DEUTSCHE BANK 022 B000005 13-6124068 022 C000005 99800 022 D000005 32226 PAGE 3 022 A000006 GOLDMAN SACHS & CO. 022 B000006 13-5108880 022 C000006 75164 022 D000006 14232 022 A000007 CITIGROUP 022 B000007 13-5266470 022 C000007 56087 022 D000007 15615 022 A000008 MORGAN STANLEY & CO., INC. 022 B000008 13-2655998 022 C000008 23802 022 D000008 20828 022 A000009 MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC. 022 B000009 13-5674085 022 C000009 31960 022 D000009 9030 022 A000010 FIRST UNION 022 B000010 56-1252143 022 C000010 27745 022 D000010 8978 023 C000000 3892001 023 D000000 728874 024 000000 N 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 PAGE 4 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.000 048 A010000 1000000 048 A020000 0.450 048 B010000 1000000 048 B020000 0.400 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 PAGE 5 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 2000000 048 K020000 0.350 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 Y 053 B000000 N 053 C000000 N 054 A000000 Y 054 B000000 N 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 N 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 Y 054 O000000 N 055 A000000 N 055 B000000 Y 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 N 060 B000000 N 061 000000 0 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 PAGE 6 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 98.2 062 Q000000 0.0 062 R000000 0.2 063 A000000 0 063 B000000 5.0 064 A000000 N 064 B000000 Y 065 000000 N 066 A000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 Y 070 B010000 Y 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 N 070 E010000 Y 070 E020000 N 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 Y 070 H020000 N 070 I010000 Y 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 N 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y PAGE 7 070 O020000 Y 070 P010000 Y 070 P020000 N 070 Q010000 Y 070 Q020000 N 070 R010000 Y 070 R020000 N 071 A000000 1066824 071 B000000 713283 071 C000000 946198 071 D000000 75 072 A000000 12 072 B000000 58476 072 C000000 154 072 D000000 0 072 E000000 2174 072 F000000 4370 072 G000000 0 072 H000000 0 072 I000000 1 072 J000000 132 072 K000000 0 072 L000000 0 072 M000000 26 072 N000000 0 072 O000000 0 072 P000000 97 072 Q000000 305 072 R000000 61 072 S000000 55 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 415 072 X000000 5462 072 Y000000 0 072 Z000000 55342 072AA000000 0 072BB000000 156 072CC010000 7371 072CC020000 0 072DD010000 0 072DD020000 0 072EE000000 0 073 A010000 0.0000 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 97219 074 B000000 0 074 C000000 0 PAGE 8 074 D000000 1117939 074 E000000 14 074 F000000 2896 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 7148 074 K000000 0 074 L000000 7857 074 M000000 4 074 N000000 1233077 074 O000000 92703 074 P000000 422 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 534 074 S000000 0 074 T000000 1139418 074 U010000 0 074 U020000 0 074 V010000 0.00 074 V020000 0.00 074 W000000 0.0000 074 X000000 0 074 Y000000 0 075 A000000 0 075 B000000 973462 076 000000 0.00 077 A000000 Y 077 B000000 Y 078 000000 N 080 A000000 FEDERAL INSURANCE COMPANY 080 C000000 3000 081 A000000 Y 081 B000000 5 082 A000000 Y 082 B000000 50 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 PAGE 9 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 088 A000000 Y 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE M. JASON BLACKBURN TITLE SECRETARY &TREASURER EX-99.77B ACCT LTTR 2 llcaudit.txt Report of Independent Registered Public Accounting Firm To the Trustees and the Participants of Highland Floating Rate Limited Liability Company In planning and performing our audit of the financial statements of Highland Floating Rate Limited Liability Company (the Portfolio) as of and for the year ended August 31, 2005, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Portfolios internal control over financial reporting, including controls for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on the Portfolios internal control over financial reporting as of August 31, 2005. The management of the Portfolio is responsible for establishing and maintaining internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A portfolios internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Such internal control over financial reporting includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a portfolios assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the portfolios ability to initiate, authorize, record, process or report external financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the portfolios annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. Our consideration of the Portfolios internal control over financial reporting would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, during our audit of the financial statements of the Portfolio as of and for the year ended August 31, 2005, we noted no deficiencies in the Portfolios internal control over financial reporting, including controls for safeguarding securities, that we consider to be a material weakness as defined above as of August 31, 2005. This report is intended solely for the information and use of management and the Board of Trustees of Highland Floating Rate Limited Liability Company and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. Boston, Massachusetts October 25, 2005 1 3 -----END PRIVACY-ENHANCED MESSAGE-----