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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000101829-01-500027.txt : 20010702
<SEC-HEADER>0000101829-01-500027.hdr.sgml : 20010702
ACCESSION NUMBER:		0000101829-01-500027
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20001231
FILED AS OF DATE:		20010629

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED TECHNOLOGIES CORP /DE/
		CENTRAL INDEX KEY:			0000101829
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT ENGINES & ENGINE PARTS [3724]
		IRS NUMBER:				060570975
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		
		SEC FILE NUMBER:	001-00812
		FILM NUMBER:		1671790

	BUSINESS ADDRESS:	
		STREET 1:		UNITED TECHNOLOGIES BLDG
		STREET 2:		ONE FINANCIAL PLZ
		CITY:			HARTFORD
		STATE:			CT
		ZIP:			06101
		BUSINESS PHONE:		2037287000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED TECHNOLOGIES MICROELECTRONICS CENTER
		DATE OF NAME CHANGE:	19850825

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED TECHNOLOGIES CORP
		DATE OF NAME CHANGE:	19841205
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>repstmt.htm
<DESCRIPTION>REP 11-K
<TEXT>

<HTML>

<head>
<TITLE>repstmt</TITLE>
</head>

<body>

<p><font FACE="Arial" SIZE="2"><b><img SRC="image7.gif" WIDTH="543" HEIGHT="90"></b></font></p>
<b>

<p align="center"><font FACE="Arial" SIZE="2">FORM 11-K</font></p>

<p align="center"><font FACE="Arial" SIZE="2">ANNUAL REPORT PURSUANT TO SECTION 15(d)<br>
OF THE SECURITIES EXCHANGE ACT OF 1934<br>
For the Plan period ended December 31, 2000</font></p>

<p align="center"><font FACE="Arial" SIZE="2">&nbsp;Commission File Number 1-812</font></p>

<p align="center"><font FACE="Arial" SIZE="2">&nbsp;UNITED TECHNOLOGIES CORPORATION<br>
REPRESENTED EMPLOYEE SAVINGS PLAN</font></p>

<p>&nbsp;</p>

<p align="center"><font FACE="Arial" SIZE="2">UNITED TECHNOLOGIES CORPORATION<br>
One Financial Plaza<br>
Hartford, Connecticut 06101&nbsp;</font></p>

<hr>

<p align="center"><font FACE="Arial" SIZE="2">FINANCIAL STATEMENTS OF THE UNITED
TECHNOLOGIES CORPORATION<br>
REPRESENTED EMPLOYEE SAVINGS PLAN</font></p>
</b>

<p align="center"><b><font FACE="Arial" SIZE="2">REPORT OF INDEPENDENT ACCOUNTANTS</font></b></p>

<p align="left">&nbsp;</p>

<p><font FACE="Arial" SIZE="2">To the Participants and Administrator of<br>
the United Technologies Corporation<br>
Represented Employee Savings Plan</font></p>

<p align="justify"><font FACE="Arial" SIZE="2">In our opinion, the accompanying statements
of net assets available for benefits and the related statement of changes in net assets
available for benefits present fairly, in all material respects, the net assets available
for benefits of the United Technologies Corporation Represented Employee Savings Plan (the
&quot;Plan&quot;) at December 31, 2000 and December 31, 1999, and the changes in net
assets available for benefits for the year ended December 31, 2000 in conformity with
accounting principles generally accepted in the United States. These financial statements
are the responsibility of the Plan&#146;s management; our responsibility is to express an
opinion on these financial statements based on our audits. We conducted our audits of
these statements in accordance with auditing standards generally accepted in the United
States, which require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An audit
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, and evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for the opinion expressed above.</font></p>

<p>&nbsp;</p>

<p><font FACE="Arial" SIZE="2">/s/ PricewaterhouseCoopers LLP<br>
PricewaterhouseCoopers LLP<br>
Hartford, Connecticut<br>
June 29, 2001&nbsp;</font></p>

<hr>

<p align="center"><font FACE="Arial" SIZE="2"><b>United Technologies Corporation
Represented Employee Savings Plan<br>
Statement of Net Assets Available for Benefits<br>
</b>(Thousands of Dollars)</font></p>

<p align="center">&nbsp;</p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="2" WIDTH="90%">
  <tr>
    <td WIDTH="56%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">December 31, </font></b></td>
    <td WIDTH="4%" VALIGN="TOP" align="center"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">December 31,</font></b></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">2000</font></b></td>
    <td WIDTH="4%" VALIGN="TOP" align="center"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">1999</font></b></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"><b><font FACE="Arial" SIZE="2">Assets:</font></b></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Plan's interest in
    Master Trust (Notes 3, 4, and 5)</font></td>
    <td WIDTH="4%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">954,548
    &nbsp;&nbsp; </font></td>
    <td WIDTH="4%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">922,102
    &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Contribution
    receivable:</font></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
    Participants'</font></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2">657 &nbsp;&nbsp;
    </font></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">97
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;
    Employer's</font></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    173</u>&nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    28</u>&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    830</u>&nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    125</u>&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="4%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Net Assets Available for Benefits</font></td>
    <td WIDTH="4%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">955,378
    &nbsp;&nbsp; </font></td>
    <td WIDTH="4%" VALIGN="TOP" align="right"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">922,227 &nbsp;
    &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="56%" VALIGN="top" height="10"></td>
    <td WIDTH="4%" VALIGN="top" height="10"></td>
    <td WIDTH="18%" VALIGN="top" align="right" height="10">=======<font FACE="Arial" SIZE="2">&nbsp;
    &nbsp; </font></td>
    <td WIDTH="4%" VALIGN="top" align="right" height="10"></td>
    <td WIDTH="18%" VALIGN="top" align="right" height="10">=======<font FACE="Arial" SIZE="2">&nbsp;
    &nbsp;&nbsp; </font></td>
  </tr>
</TABLE>

<p><font FACE="Arial" SIZE="2">The accompanying notes are an integral part of these
financial statements.</font></p>

<hr>

<p>&nbsp;</p>
<b>

<p align="center"><font FACE="Arial" SIZE="2">United Technologies Corporation Represented
Employee Savings Plan<br>
Statement of Changes in Net Assets Available for Benefits<br>
</b>(Thousands of Dollars)</font></p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="2" WIDTH="90%">
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">Year Ended</font></b></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">December 31,</font></b></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">2000</font></b></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><b><font FACE="Arial" SIZE="2">Additions to net assets
    attributed to:</font></b></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Investment Income:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Net depreciation in
    fair value of investments</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">(21,550)
    &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Interest</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">42,669
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Dividends </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">9,469
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Contributions:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Participants'</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">43,128
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Employer's</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;
    11,424</u>&nbsp;&nbsp; &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><blockquote>
      <p><font FACE="Arial" SIZE="2">Total additions </font></p>
    </blockquote>
    </td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;
    85,140</u>&nbsp;&nbsp; &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><b><font FACE="Arial" SIZE="2">Deductions from net assets
    attributed to:</font></b></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Distributions to
    participants </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">(61,803)
    &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Administrative
    expenses</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;
    &nbsp;&nbsp; (113</u>)&nbsp; &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Total deductions</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp; (61,916</u>)
    &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Net increase prior to transfers</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp; &nbsp;
    23,224</u> &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><b><font FACE="Arial" SIZE="2">Plan transfers:</font></b></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Assets transferred
    into Plan (Note 8)</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">10,679
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Assets transferred
    out of Plan</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;
    &nbsp; &nbsp; (752</u>) &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Net Plan
    transfers</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;
    &nbsp; &nbsp;9,927</u>&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Net increase</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">33,151
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Net Assets Available for
    Benefits, December 31, 1999</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;
    922,227</u>&nbsp; &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Net Assets Available for
    Benefits, December 31, 2000</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">955,378
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td VALIGN="top" height="10"></td>
    <td VALIGN="top" height="10"></td>
    <td align="right" height="10">=======<font FACE="Arial" SIZE="2">&nbsp;&nbsp; &nbsp; </font></td>
  </tr>
</TABLE>

<p ALIGN="left"><font FACE="Arial" SIZE="2">&nbsp;The accompanying notes are an integral
part of these financial statements.</font></p>
<b>

<hr>

<p align="center"><font FACE="Arial" SIZE="2">UNITED TECHNOLOGIES CORPORATION<br>
REPRESENTED EMPLOYEE SAVINGS PLAN</font></p>

<p align="center"><font FACE="Arial" SIZE="2">Notes to Financial Statements</font><u></p>

<p><font FACE="Arial" SIZE="2">NOTE 1 - DESCRIPTION OF THE PLAN</font></u></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">General.</b> The United Technologies
Corporation (&quot;UTC&quot;) Represented Employee Savings Plan (the &quot;Plan&quot;) is
a defined contribution savings plan administered by UTC. It is subject to the provisions
of the Employee Retirement Income Security Act of 1974 (&quot;ERISA&quot;). Union
represented employees of UTC, covered by collective bargaining agreements that provide for
Plan participation, are eligible to participate in the Plan after completing at least one
year of service. The following is a brief description of the Plan. For more complete
information, participants should refer to the Plan document which is available from UTC.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Contributions and Vesting</b>. All
participants may elect, through payroll deductions, to make tax deferred contributions of
between $2 per week and the maximum amount permitted by the relevant collective bargaining
agreement. Certain participants, depending on their collective bargaining agreement, may
also make after-tax contributions. Participants direct the investment of their
contributions into various investment options offered by the Plan. The Plan currently
offers ten mutual funds, four commingled index funds, one stable value fund, and a company
stock fund as investment options for participants. Participant contributions, plus actual
earnings thereon, are fully vested at all times under the Plan. The employer will match 50
percent of the participant's contributions, up to specified limits. Generally, employer
contributions, plus actual earnings thereon, become fully vested after two years of Plan
participation.</font></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Certain participants may also make limited
tax-deferred or after-tax contributions to an individual medical account (&quot;IMA&quot;)
or tax-deferred contributions for cost of living adjustments (&quot;COLA&quot;), where
permitted. The employer will match 75 percent of the participant&#146;s IMA contribution.
All contributions to an IMA will be invested 100 percent in the Income Fund and may not be
withdrawn until retirement or termination.</font><b></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Participant Accounts.</b> Each
participant&#146;s account is credited with the participant's contributions and
allocations of (a) UTC's contributions based on a percentage of the participant&#146;s
contribution and (b) Plan earnings based on account balances. The benefit to which a
participant is entitled is the benefit that can be provided from the participant's vested
account. Forfeited balances of terminated participants&#146; nonvested amounts are used to
reduce future UTC contributions. For the year ended December 31, 2000, approximately
$15,000 of forfeitures were used to fund UTC's contributions.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Trustee and Recordkeeper.</b> All of the
Plan's assets are held by Bankers Trust Company (&quot;Bankers Trust&quot;), the Plan
trustee. Bankers Trust is a subsidiary of Deutsche Bank.&nbsp; Fidelity Institutional
Retirement Services Company (&quot;Fidelity&quot;) performs participant account
recordkeeping responsibilities.</font><b></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Participant Loans.</b> Certain participants
with at least two years of Plan participation are allowed to borrow up to 50 percent of
their vested account balances excluding IMA and COLA.</font></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Loan amounts can range from $1,000 to
$50,000 and must be repaid within 5 years. The loans are secured by the balance in the
participant's account and bear interest at Deutsche Bank's prime rate plus one percent.
Principal and interest are paid ratably through payroll deductions.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Payment of Benefits.</b> Generally,
benefits are paid in a lump sum to terminating participants. Participants terminating due
to retirement may elect to receive benefits in installments over two to twenty years. At
the participant&#146;s election, the portion of a lump sum distribution attributable to an
investment in the UTC Common Stock Fund investment option may be paid in shares of UTC
Common Stock instead of cash. Distributions in UTC Common Stock for the year ended
December 31, 2000 were approximately $308,000.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Other.</b> Participants who transfer to a
new UTC location with a different savings plan may have the option of transferring their
account balances in accordance with the provisions of the new savings plan.</font></p>
<u><b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">NOTE 2 - SUMMARY OF ACCOUNTING PRINCIPLES</font></b></u></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Basis of Accounting.</b> The financial
statements of the Plan are prepared under the accrual method of accounting, except for
benefits which are recorded when paid.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Master Trust.</b> The Plan&#146;s assets
are kept in a Master Trust maintained by the Plan's trustee. Under the Master Trust
agreement, the assets of certain employee savings plans of UTC and its subsidiaries are
combined. Participating plans purchase units of participation in the investment funds
based on their contribution to such funds and the unit value of the applicable investment
fund at the end of the trading day in which a transaction occurs. The unit value of each
fund is determined at the close of each day by dividing the sum of uninvested cash,
accrued income and the current value of investments by the total number of outstanding
units in such funds. Income from the funds&#146; investments increases the participating
plans' unit values. Distributions to participants reduce the number of participation units
held by the participating plans (see Note 5).</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Investment Valuation and Income
Recognition.</b> The Income Fund's investments in insurance contracts (see Note 4) are
stated at contract value, which represents contributions plus earnings, less Plan
withdrawals. All other funds are stated at fair value, as determined by the Plan trustee,
typically by reference to published market data.</font></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Purchases and sales of securities are
recorded on a trade-date basis. Dividends are recorded on the ex-dividend date.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Plan Expenses.</b> Plan administrative
expenses, including Plan trustee and recordkeeping fees, were paid directly by the
employer in 2000. The employer also paid certain investment management fees for the funds
administered by Deutsche Asset Management. All other administrative and investment
expenses were paid out of Plan assets during 2000.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Use of Estimates.</b> The preparation of
financial statements requires UTC management to make estimates and assumptions that affect
the reported amounts in the financial statements. Actual results could differ from those
estimates. </font></p>

<p><font FACE="Arial" SIZE="2">&nbsp;<u><b>NOTE 3 - INVESTMENTS</b></u></font></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">The following presents investments that
represent 5 percent or more of the Plan's net assets: &nbsp;</font></p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="2" WIDTH="90%">
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="42%" VALIGN="TOP" align="center" colspan="3"><b><font FACE="Arial" SIZE="2">&nbsp;
    December 31,</font></b></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">(Thousands of Dollars, except
    unit amounts)</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">2000</font></b></td>
    <td WIDTH="6%" VALIGN="TOP" align="center"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">1999</font></b></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Equity Fund, 6,387,637 and
    6,763,808 units,<br>
    &nbsp; respectively</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2"><br>
    $</font></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><br>
    190,224&nbsp;&nbsp; &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2"><br>
    $</font></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><br>
    221,450&nbsp;&nbsp; &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">UTC Common Stock Fund, 3,829,359
    and<br>
    &nbsp; 4,750,418 units, respectively</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2"><br>
    </font></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><br>
    102,274&nbsp;&nbsp; &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2"><br>
    </font></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><br>
    100,153&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Income Fund, 7,036,382 and
    6,918,254 units,<br>
    &nbsp; respectively</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><br>
    551,301&nbsp;&nbsp; &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"><p align="right"><font FACE="Arial" SIZE="2"><br>
    500,949&nbsp;&nbsp; &nbsp;&nbsp; </font></td>
  </tr>
</TABLE>
<u><b>

<p><font FACE="Arial" SIZE="2">NOTE 4 - INVESTMENT CONTRACTS WITH INSURANCE COMPANIES</font></b></u></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">The Plan's Income Fund invests in insurance
contracts with insurance companies. Under the contracts, each insurance company guarantees
repayment in full of the principal amount plus interest credited at a fixed rate for a
specified period. Interest is credited to each contract based on an annual interest rate
set each year by the individual insurance companies. This rate, which differs among
contracts, takes into account any difference between prior year credited interest and the
actual amount of investment earnings allocable to the contract in accordance with the
established allocation procedures of the insurance company. The interest rates earned for
2000 and 1999 were 8.3% and 8.1%, respectively.</font><u><b></p>

<p><font FACE="Arial" SIZE="2">NOTE 5 - INVESTMENT IN MASTER TRUST</font></b></u></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">UTC has entered into a Master Trust
agreement with Bankers Trust. Under this agreement, certain savings plans of UTC and its
subsidiaries combine their trust fund investments in the Master Trust.</font></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Participating plans purchase units of
participation in the investment funds based on their contribution to such funds along with
income that the investment funds may earn, less distributions made to the plans'
participants.</font></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">At December 31, 2000, the Plan&#146;s
interest in the Master Trust comprised 43,878,093 units of the 519,377,890 total units of
participation, or 8.45%. At December 31, 1999, the Plan's interest in the Master Trust
comprised 41,731,235 units of the total 510,203,518 units of participation, or 8.18%. </font></p>

<hr>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">The following is a summary of the financial
information and data for the Master Trust and the portion applicable to the Plan:</font></p>

<p align="center"><font FACE="Arial" SIZE="2"><b>United Technologies Corporation<br>
Master Trust Statement of Net Assets<br>
</b>(Thousands of Dollars)</font></p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="2" WIDTH="90%">
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">December 31, </font></b></td>
    <td WIDTH="6%" VALIGN="TOP" align="center"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">December 31,</font></b></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">2000</font></b></td>
    <td WIDTH="6%" VALIGN="TOP" align="center"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">1999</font></b></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Assets:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Short-term
    investments</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">2,640
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">23,147
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Investments:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Equity:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Mutual funds</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">784,876
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">663,679
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Equity commingled index funds</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">1,460,037
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">1,466,274
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Common stock</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">759,152
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">784,371
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    ESOP stock fund</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">3,641,487
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">3,152,372
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Debt:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Fixed income commingled index funds</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">24,916
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">28,140
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Insurance company investment contracts</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">4,364,663
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">3,883,142
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Participant notes receivable</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    99,935</u>&nbsp; &nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    81,647</u>&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Subtotal</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">11,137,706
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">10,082,772
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    ESOP receivables </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">128,988
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">116,234
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Interest and dividend receivables</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    14,678</u>&nbsp;&nbsp; &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    20,085</u>&nbsp;&nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Total assets</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>11,281,372</u>
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>10,219,091</u>
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Liabilities:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Accrued
    liabilities </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">8,708
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">6,014
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Accrued
    ESOP interest</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">2,070
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">2,154
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; ESOP
    debt </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">301,100
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">336,600
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Notes
    payable to UTC</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;
    153,333</u>&nbsp; &nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;
    131,233</u>&nbsp;&nbsp; &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Total liabilities </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;
    465,211</u>&nbsp;&nbsp; &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;
    476,001</u>&nbsp;&nbsp; &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Net Assets</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">10,816,161
    &nbsp;&nbsp;&nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">9,743,090
    &nbsp;&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="top" height="10"></td>
    <td WIDTH="6%" VALIGN="top" height="10"></td>
    <td WIDTH="18%" VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;
    &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="top" align="right" height="10"></td>
    <td WIDTH="18%" VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Net assets of the Master Trust
    allocable to the Plan</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2"><br>
    $</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><br>
    954,548&nbsp;&nbsp; &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="TOP" align="right"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2"><br>
    $</font></td>
    <td WIDTH="18%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><br>
    922,102&nbsp;&nbsp; &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="53%" VALIGN="top" height="10"></td>
    <td WIDTH="6%" VALIGN="top" height="10"></td>
    <td WIDTH="18%" VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;
    &nbsp; </font></td>
    <td WIDTH="6%" VALIGN="top" align="right" height="10"></td>
    <td WIDTH="18%" VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    &nbsp; </font></td>
  </tr>
</TABLE>
<b>

<hr>

<p align="center"><font FACE="Arial" SIZE="2">United Technologies Corporation<br>
Master Trust Statement of Changes in Net Assets<br>
</b>(Thousands of Dollars)</font></p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="2" WIDTH="90%">
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP"><b><p align="center"><font FACE="Arial" SIZE="2">Year Ended</font></b></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">December 31,</font></b></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">2000</font></b></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Additions:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Interest and
    dividend income</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">484,236
    &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Net appreciation on
    fair value of investments</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">422,709
    &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Contributions from
    participating plans for purchase of units</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;
    294,212</u>&nbsp; &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Total additions</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp; 1,201,157</u>
    &nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="top" height="10"></td>
    <td WIDTH="6%" VALIGN="top" height="10"></td>
    <td WIDTH="20%" VALIGN="top" align="right" height="10"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Deductions:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Benefit payments on
    behalf of participating plans </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">(583,163)&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Master trust
    expenses </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;
    (37,444</u>)&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Total
    deductions</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;
    (620,607</u>)&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Net increase prior to transfers</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;
    580,550</u>&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Plan transfers:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Assets transferred
    in</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">495,024 &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Assets transferred
    out </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (2,503</u>)&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Net Plan
    transfers </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp;&nbsp;&nbsp;
    492,521</u>&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="top" height="15"></td>
    <td WIDTH="6%" VALIGN="top" height="15"></td>
    <td WIDTH="20%" VALIGN="top" align="right" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Increase in
    net assets </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">1,073,071 &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Net assets:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Beginning of year </font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><u>&nbsp; 9,743,090</u>
    &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; End of year </font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">10,816,161 &nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="top" height="15"></td>
    <td WIDTH="6%" VALIGN="top" height="15"></td>
    <td VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">Amounts pertaining to the Plan:</font></td>
    <td WIDTH="6%" VALIGN="TOP"></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Plan interest in net
    appreciation and investment income<br>
    &nbsp;&nbsp;&nbsp;&nbsp; of Master Trust</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2"><br>
    $</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2"><br>
    30,588&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="top" height="10"></td>
    <td WIDTH="6%" VALIGN="top" height="10"></td>
    <td VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Contributions
    received (cash basis)</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">53,847&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="10"></td>
    <td WIDTH="6%" VALIGN="TOP" height="10"></td>
    <td VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Assets transferred
    into Plan (Note 8)</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">10,679&nbsp;&nbsp; </font></td>
  </tr>
  <tr>
    <td VALIGN="TOP"></td>
    <td VALIGN="TOP"></td>
    <td VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Pension benefits
    paid </font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">(61,803)&nbsp; </font></td>
  </tr>
  <tr>
    <td VALIGN="TOP"></td>
    <td VALIGN="TOP"></td>
    <td VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Plan expenses</font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">(113)&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="10"></td>
    <td WIDTH="6%" VALIGN="TOP" height="10"></td>
    <td VALIGN="top" align="right" height="10">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Assets transferred
    out of Plan </font></td>
    <td WIDTH="6%" VALIGN="TOP"><p ALIGN="RIGHT"><font FACE="Arial" SIZE="2">$</font></td>
    <td WIDTH="20%" VALIGN="TOP" align="right"><font FACE="Arial" SIZE="2">(752)&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="top" height="10%"></td>
    <td WIDTH="6%" VALIGN="top" height="10%"></td>
    <td VALIGN="top" align="right" height="10%">========<font FACE="Arial" SIZE="2">&nbsp;&nbsp;
    </font></td>
  </tr>
</TABLE>
<u><b>

<p><font FACE="Arial" SIZE="2">NOTE 6 - RELATED-PARTY TRANSACTIONS</font></b></u></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Certain Plan investment options are managed
by Deutsche Asset Management and Fidelity. Bankers Trust, a subsidiary of Deutsche Bank,
and Fidelity are the Plan&#146;s trustee and recordkeeper, respectively, as defined by the
Plan and, therefore, these transactions qualify as party-in-interest transactions.</font><u><b></p>

<p><font FACE="Arial" SIZE="2">NOTE 7 - PLAN TERMINATION</font></b></u></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Although it has not expressed any intent to
do so, UTC has the right under the Plan to discontinue its contributions at any time and
to terminate the Plan subject to the provisions of ERISA. In the event of Plan
termination, participants will become 100 percent vested in their accounts.</font></p>
<u><b><font FACE="Arial" SIZE="2">

<p>NOTE 8 &#150; PLAN TRANSFER</font></b></u></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">On June 10, 1999, UTC acquired Sundstrand
Corporation and merged it with its Hamilton Standard division and formed a wholly owned
subsidiary, Hamilton Sundstrand. During 1999, UTC approved the merger of the Sundstrand
Corporation Employee Savings Plan (the &quot;Sundstrand Plan&quot;) with the UTC Employee
Savings Plan and the UTC Represented Employee Savings Plan (the &quot;UTC Plans&quot;).
Salaried and hourly participants of the Sundstrand Plan were eligible to participate in
the UTC Plans effective January 1, 2000. On January 13, 2000, approximately $425,503,000
of net assets were transferred into the UTC Plans of which $7,981,000 was transferred into
this Plan.</font><u><b></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">NOTE 9 &#150; TAX STATUS</font></b></u></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">The Internal Revenue Service has determined
and informed UTC by letter dated February 8, 1996 that the Plan and related trust are
designed in accordance with applicable sections of the Internal Revenue Code
(&quot;IRC&quot;). The Plan has been amended since receiving the determination letter.
However, the Plan administrator and tax counsel believe that the Plan is designed and
currently being operated in compliance with the applicable requirements of the IRC.</font><b></p>

<hr>

<p align="center"><font FACE="Arial" SIZE="2">SIGNATURES</font></b></p>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">&nbsp;The Plan (or other persons who
administer the employee benefit plan), pursuant to the requirements of the Securities
Exchange Act of 1934, has duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.</font></p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <b><p align="left"><font FACE="Arial" SIZE="2">UNITED TECHNOLOGIES CORPORATION<br>
        REPRESENTED EMPLOYEE SAVINGS PLAN</font></p>
        </b>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p><font FACE="Arial" SIZE="2">&nbsp;<br>
</font></p>
<font FACE="Arial" SIZE="2">

<p>Dated: June 29, 2001&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp; &nbsp;<u>
&nbsp; /s/&nbsp; Laurie P. Havanec
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;
&nbsp; Laurie P. Havanec<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;
&nbsp; Director, Employee Benefits and Human Resources Systems<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;
&nbsp; United Technologies Corporation<br>
</p>
</font>
</body>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>repex23.htm
<DESCRIPTION>REP EX 23
<TEXT>

<HTML>

<head>
<TITLE>repex23</TITLE>
</head>

<body>
<font FACE="Arial" SIZE="2">

<p align="right">Exhibit 23</p>

<p>&nbsp;</p>

<p align="center"><u><b>CONSENT OF INDEPENDENT ACCOUNTANTS</b></u></p>

<p>&nbsp;</p>

<p ALIGN="JUSTIFY">We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 33-26580) of United Technologies Corporation of our report
dated June 29, 2001 relating to the financial statements of the United Technologies
Corporation Represented Employee Savings Plan, which appears in this Form 11-K.</p>

<p>&nbsp;</p>

<p>/s/ PricewaterhouseCoopers LLP<br>
PricewaterhouseCoopers LLP<br>
Hartford, Connecticut<br>
June 29, 2001</p>

<p></font>&nbsp;</p>
</body>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image7.gif
<DESCRIPTION>IMAGE
<TEXT>

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#```[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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