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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000101829-02-000071.txt : 20021025
<SEC-HEADER>0000101829-02-000071.hdr.sgml : 20021025
<ACCEPTANCE-DATETIME>20021024175103
ACCESSION NUMBER:		0000101829-02-000071
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20011231
FILED AS OF DATE:		20021025

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:		1934 Act
		SEC FILE NUMBER:	001-00812
		FILM NUMBER:		02797797

	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 CORP
		DATE OF NAME CHANGE:	19841205

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED TECHNOLOGIES MICROELECTRONICS CENTER
		DATE OF NAME CHANGE:	19850825
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>sundpuerto.htm
<DESCRIPTION>11-K 12/31/01
<TEXT>
<HTML>

<head>
<TITLE>sundpuerto</TITLE>
</head>

<body>

<p><font FACE="Arial" SIZE="2"><b><img SRC=utcbluelogo.gif width="543" height="90"></b></font></p>

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

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

<p align="center"><font FACE="Arial" SIZE="2">&nbsp;ANNUAL REPORT PURSUANT TO SECTION
15(d)<br>
OF THE SECURITIES EXCHANGE ACT OF 1934<br>
For the Plan Period Ended December 31, 2001</font></p>

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

<p align="center"><font FACE="Arial" SIZE="2">&nbsp;HAMILTON SUNDSTRAND de PUERTO RICO<br>
 SAVINGS PLAN</font></p>

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

<p align="center"><font FACE="Arial" SIZE="2">UNITED TECHNOLOGIES CORPORATION<br>
One Financial Plaza<br>
Hartford, Connecticut 06103</font></p>
</b>

<hr>

<b><font FACE="Arial" SIZE="3">

<p align="center"><font FACE="Arial" SIZE="2">&nbsp;</font></font><font FACE="Arial" SIZE="2">Hamilton
Sundstrand de
Puerto Rico Savings Plan<br>
Index to Financial Statements<br>
December 31, 2001 and 2000</font></p></b>
<p align="center">&nbsp;</p>
<table border="0" width="80%" style="font-family: Arial; font-size: 10pt" height="151">
  <tr>
    <td width="78%" colspan="2" height="18"></td>
    <td width="22%" height="18">
      <p align="center"><b>Page</b></td>
  </tr>
  <tr>
    <td width="78%" colspan="2" height="15">Report of Independent Auditors</td>
    <td width="22%" height="15" align="center">1</td>
  </tr>
  <tr>
    <td width="7%" height="18"></td>
    <td width="71%" height="18"></td>
    <td width="22%" height="18" align="center"></td>
  </tr>
  <tr>
    <td width="78%" colspan="2" height="18">Financial Statements</td>
    <td width="22%" height="18" align="center"></td>
  </tr>
  <tr>
    <td width="7%" height="18"></td>
    <td width="71%" height="18">Statements of Net Assets Available for Benefits</td>
    <td width="22%" height="18" align="center">2</td>
  </tr>
  <tr>
    <td width="7%" height="18"></td>
    <td width="71%" height="18">Statement of Changes in Net Assets Available for Benefits</td>
    <td width="22%" height="18" align="center">3</td>
  </tr>
  <tr>
    <td width="7%" height="18"></td>
    <td width="71%" height="18">Notes to Financial Statements</td>
    <td width="22%" height="18" align="center">4 - 7</td>
  </tr>
  <tr>
    <td width="78%" height="18" colspan="2">Supplemental Schedules</td>
    <td width="22%" height="18" align="center">8 - 9</td>
  </tr>
</table>

<hr>

<p align="center"><b><font FACE="Arial" SIZE="2">FINANCIAL STATEMENTS OF THE<br>
HAMILTON SUNDSTRAND DE PUERTO RICO SAVINGS PLAN</font></p>

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

<p align="center"></b></p>

<p><font face="Arial" size="2">To the Participants and Administrator of the<br>
Hamilton Sundstrand de Puerto Rico 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 Hamilton Sundstrand de Puerto Rico Savings Plan (the
&quot;Plan&quot;) at December 31, 2001 and December 31, 2000, and the changes in
net assets available for benefits for the year ended December 31, 2001, in
conformity with accounting principles generally accepted in the United States of
America. 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 of these statements in
accordance with auditing standards generally accepted in the United States of
America, 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 our opinion.</font></p>
<p ALIGN="JUSTIFY"><font face="Arial" size="2">Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental Schedule of Assets (Held
at End of Year) and Schedule of Non-exempt Transactions 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. The supplemental schedules
are the responsibility of the Plan's management. The supplemental schedules
have been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the basic financial statements taken as a whole.</font></p>
<p><font FACE="Arial" SIZE="2">/s/ PricewaterhouseCoopers LLP<br>
PricewaterhouseCoopers LLP<br>
Hartford, Connecticut<br>
October 15, 2002</font></p>

<p align="center"><font face="Arial" size="2">1</font></p>
<b>

<hr>

<p align="center"><font FACE="Arial" SIZE="2">Hamilton Sundstrand de Puerto Rico
Savings Plan<br>
Statements of Net Assets Available for Benefits<br>
</font>
</b><font face="Arial" size="2"><b>December 31, 2001 and 2000</b></font></p>

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

<table CELLSPACING="0" BORDER="0" width="90%" cellpadding="2" style="font-family: Arial; font-size: 10pt" height="217">
  <tr>
    <td WIDTH="55%" VALIGN="TOP"></td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">
      2001 </font></b></td>
    <td WIDTH="6%" VALIGN="TOP" align="center"></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font FACE="Arial" SIZE="2">
      2000</font></b></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18"><b><font FACE="Arial" SIZE="2">Assets:</font></b></td>
    <td WIDTH="3%" VALIGN="TOP" height="18"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18"></td>
    <td WIDTH="6%" VALIGN="TOP" height="18" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;
      Investments (Note 3)&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="3%" VALIGN="TOP" height="18">
      <p align="right"><font face="Arial" size="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" height="18">
      <p align="right"><font face="Arial" size="2">&nbsp;2,217,260&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
    </td>
    <td WIDTH="6%" VALIGN="TOP" height="18" align="right"><font face="Arial" size="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" height="18"><p align="right"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,808,012&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;
      Loans to participants</font></td>
    <td WIDTH="3%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt; border-bottom-style: solid; border-bottom-width: thin" align="right"><font face="Arial" size="2">&nbsp;&nbsp;316,837&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="6%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt; border-bottom-style: solid; border-bottom-width: thin" align="right">
      <font face="Arial" size="2">273,403</font><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</font>
    </td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"><font face="Arial" size="2">&nbsp;&nbsp;</font></td>
    <td WIDTH="3%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"><font face="Arial" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Total assets</font></td>
    <td WIDTH="3%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt; border-bottom-style: solid; border-bottom-width: thin" align="right"><font face="Arial" size="2">2,534,097&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="6%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt; border-bottom-style: solid; border-bottom-width: thin" align="right"><font face="Arial" size="2">2,081,415&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="3%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"><b><font face="Arial" size="2">Liabilities:</font></b></td>
    <td WIDTH="3%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="6%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt">&nbsp;&nbsp;&nbsp;
      <font face="Arial" size="2">Refund of excess
      contributions&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="3%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt; border-bottom-style: solid; border-bottom-width: thin" align="right"><font face="Arial" size="2">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="6%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="18" style="font-family: Arial; font-size: 8pt; border-bottom-style: solid; border-bottom-width: thin" align="right"><font face="Arial" size="2">19,479&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
    </td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="16" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="3%" VALIGN="TOP" height="16" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="18%" VALIGN="TOP" height="16" style="font-family: Arial; font-size: 8pt"></td>
    <td WIDTH="6%" VALIGN="TOP" height="16" style="font-family: Arial; font-size: 8pt" align="right"></td>
    <td WIDTH="18%" VALIGN="TOP" height="16" style="font-family: Arial; font-size: 8pt" align="right"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP" height="24"><font FACE="Arial" SIZE="2">Net Assets Available for Benefits</font></td>
    <td WIDTH="3%" VALIGN="TOP" height="24"><p ALIGN="RIGHT"><font face="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" style="border-bottom-style: double; border-bottom-width: thick" height="24">
      <p align="right"><font face="Arial" size="2">2,534,097&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="6%" VALIGN="TOP" height="24" align="right"><p ALIGN="RIGHT"><font face="Arial" SIZE="2">$</font></td>
    <td WIDTH="18%" VALIGN="TOP" style="border-bottom-style: double; border-bottom-width: thick" height="24"><p align="right"><font FACE="Arial"
    SIZE="2">2,061,936 &nbsp;&nbsp; </font></td>
  </tr>
</table>

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

<p align="center"><font face="Arial" size="2">2</font></p>

<hr>

<p align="center">

<b><font face="Arial" size="2">Hamilton Sundstrand de Puerto Rico Savings Plan<br>
</font></b>
<font FACE="Arial" SIZE="2"><b>
Statement of Changes in Net Assets Available for Benefits<br>
For the Year Ended December 31, 2001
</b></font></p>

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

<table CELLSPACING="0" BORDER="0" WIDTH="90%" cellpadding="2" style="font-family: Arial; font-size: 10pt">
  <tr>
    <td WIDTH="74%" VALIGN="TOP"></td>
    <td WIDTH="3%" VALIGN="TOP" align="right"></td>
    <td WIDTH="23%" VALIGN="TOP" align="center"><font FACE="Arial" SIZE="2"><b>
      &nbsp;2001</b></font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2"><b>Additions to net assets
    attributed to:</b></font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt"><font FACE="Arial" SIZE="2">Investment
      income:</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt"><font FACE="Arial" SIZE="2">&nbsp;
      Interest</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt">$</td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt">442&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
</font>

  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt">

<font face="Arial" SIZE="2">

&nbsp; Dividends
</font>

    </td>

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

    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
</font>

    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"><font face="Arial">59,932&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>

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

  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
  </tr>
</font>

  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt"><font face="Arial">Contributions:</font></td>

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

    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
  </tr>
</font>

  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt"><font face="Arial">&nbsp;
      Participants'</font></td>

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

    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
</font>

    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"><font face="Arial">856,506&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt">

<font face="Arial" SIZE="2">

&nbsp; Employer's</font></td>

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

    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
</font>

    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt">

<font face="Arial" SIZE="2">225,331&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>

<tr>
    <td WIDTH="74%" VALIGN="TOP" height="21" style="font-family: Arial; font-size: 10pt">
<font face="Arial" size="2">&nbsp;&nbsp;&nbsp; Total additions</font>

  </td>
<font FACE="Arial" SIZE="2">

    <td WIDTH="3%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="font-family: Arial; font-size: 10pt; border-top-style: solid; border-top-width: thin; border-bottom-style: solid; border-bottom-width: thin">&nbsp;&nbsp;1,142,211&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2"><b>Deductions from net assets
    attributed to:</b></font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; </font>Net
      depreciation in fair value of investments</td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21">82,241&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;
      </font>Distributions to participants</td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21">555,425 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2">&nbsp;&nbsp; Administrative
      expenses</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21">32,384 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; Total
      deductions</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="border-top-style: solid; border-top-width: thin; border-bottom-style: solid; border-bottom-width: thin">670,050&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21">&nbsp;&nbsp;&nbsp;&nbsp; Net increase</td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21">472,161&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font face="Arial" size="1">&nbsp;&nbsp;</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2">Net Assets Available for
    Benefits, December 31, 2000</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="border-bottom-style: solid; border-bottom-width: thin">2,061,936&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font face="Arial" size="1">&nbsp;</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21">
      <p align="right"><font face="Arial" size="1">&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="74%" VALIGN="TOP" height="21"><font FACE="Arial" SIZE="2">Net Assets Available for
    Benefits, December 31, 2001</font></td>
    <td WIDTH="3%" VALIGN="TOP" align="right" height="21"><font FACE="Arial" SIZE="2"><p ALIGN="RIGHT">$</font></td>
    <td WIDTH="23%" VALIGN="TOP" align="right" height="21" style="border-bottom-style: double; border-bottom-width: thick">2,534,097&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </td>
  </tr>
</table>

</font>

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

<p ALIGN="center"><font face="Arial" size="2">3</font></p>

<hr>

<p ALIGN="CENTER">

<b><font FACE="Arial" SIZE="2">Hamilton Sundstrand de Puerto Rico Savings Plan<br>
Notes to Financial Statements</font>
</p>

<u>

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

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">General.</font></b><font FACE="Arial" SIZE="2">&nbsp;&nbsp;
The Hamilton Sundstrand de Puerto Rico Savings Plan, formerly known as the
Sundstrand de Puerto Rico Employee Savings Plan,&nbsp; (the
      "Plan") is a defined contribution plan covering all employees of Hamilton Sundstrand de Puerto Rico, Inc., an indirect subsidiary of United
Technologies Corporation (&quot;UTC&quot;). The following is a brief description of
      the Plan. A complete description of the provisions of the Plan can be
      obtained by referring to the Plan document.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Contributions and Vesting.</font></b><font FACE="Arial" SIZE="2">&nbsp;</font>&nbsp;
<font face="Arial" size="2">Participants may elect to contribute, through payroll deductions, up to
      8 percent of their eligible compensation, as defined by the Plan.
      Participants direct the investment of their contributions into various
      investment options offered by the Plan. As of December 31, 2001, the Plan
      offered 6 investment options to participants: three Growth Funds; one
      Income Fund; one Money Market Fund; and UTC Common Stock.</font></p>

<p ALIGN="JUSTIFY"><font face="Arial" size="2">The company matching contribution is 100 percent of the participant's
      eligible contributions from the first 2 percent of base pay. Employer and
      participant contributions are deposited into the investment funds in
      accordance with the participants' elections.</font></p>
<p ALIGN="JUSTIFY"><font face="Arial" size="2">Participant contributions, plus actual earnings thereon, are fully
      vested at all times under the Plan. Employer contributions, plus actual
      earnings thereon, become fully vested after three years of eligible
      service.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Participant Accounts.</font></b>
<font FACE="Arial" SIZE="2">
Interest, dividends, and realized and unrealized gains and losses on
      investments of the funds are allocated directly to each participant's
      account by Banco Popular. Forfeited balances
      of terminated participants' nonvested accounts are used to reduce future
      employer contributions. For the year ended December 31, 2001, no
      forfeitures were used to reduce employer contributions.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Trustee and Recordkeeper</font></b><font FACE="Arial" SIZE="2">.
All of the Plan's assets are held by Banco Popular, the Plan trustee,
      who also has participant account recordkeeping responsibilities.</font></p>

<p ALIGN="JUSTIFY">
<b>

<font FACE="Arial" SIZE="2">Participant Loans</font></b><font FACE="Arial" SIZE="2">.&nbsp;
Participants may elect to borrow from their account balances a minimum
      of $500 up to a maximum of $50,000 or 50 percent of their account
balances,
      whichever is less. The interest rate on participant loan withdrawals
      during 2001 was 9%.</font></p>

<p ALIGN="JUSTIFY"><b><font FACE="Arial" SIZE="2">Payment of Benefits.&nbsp; </font></b><font size="2" face="Arial">Generally, on termination of service due to death, disability, or
      retirement, benefits are paid in a lump sum to a terminating participant.</font></p>

<p ALIGN="center"><font face="Arial" size="2">4</font></p>
<hr>

<p ALIGN="CENTER"><b><font FACE="Arial" SIZE="2">Hamilton Sundstrand de Puerto
Rico Savings Plan<br>
Notes to Financial Statements
</font>
</b></p>

<b><u>

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

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

<p ALIGN="JUSTIFY"><b><font FACE="Arial" SIZE="2">Investment Valuation and Income
Recognition.</font></b> <font FACE="Arial" SIZE="2"> The Plan's investments are stated at fair value as determined by the
    Plan trustee, typically by reference to published market data. The UTC
    Common Stock is valued at its year-end unit closing price. Participant loans
    are valued at cost, which approximates fair value.</font></p>
<p ALIGN="JUSTIFY"><font face="Arial" size="2">Purchases and sales of investments are recorded on a trade-date basis.
    Interest income is accrued when earned. Dividend income is recorded on the
    ex-dividend date.</font></p>
<b>

<p ALIGN="JUSTIFY"><font FACE="Arial" SIZE="2">Plan Expenses.</font></b>  <font face="Arial" size="2">Administrative expenses, such as trustee, custodial and recordkeeping
    fees, were paid directly by the Plan
    in 2001.</font></p>

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

<p ALIGN="center"><font face="Arial" size="2">5</font></p>

<hr>
<b>

<p ALIGN="CENTER"><font FACE="Arial" SIZE="2">Hamilton Sundstrand de Puerto Rico
Savings Plan<br>
Notes to Financial Statements
</font>
</p>

</b>
<u><b>

<p><font FACE="Arial" SIZE="2"><a name="NOTE 3 - INVESTMENTS">NOTE 3 - INVESTMENTS</a></font></b></u></p>

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

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

<table CELLSPACING="1" BORDER="0" style="font-family: Arial; font-size: 10pt" width="700">
  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18"></td>
    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18">
      <p align="center"><font face="Arial" size="2"><b>2001</b></font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" align="center" height="18"></td>
    <td WIDTH="118" height="18">
      <p align="center"><font FACE="Arial" size="2"><b>2000</b></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="437" VALIGN="TOP" height="16"><font face="Arial" size="1">&nbsp;&nbsp;</font></td>
    <td WIDTH="12" VALIGN="TOP" height="16"><font face="Arial" size="1">&nbsp;&nbsp;</font></td>
    <td WIDTH="100" height="16"><font face="Arial" size="1">&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="16"><font face="Arial" size="1">&nbsp;&nbsp;</font></td>
    <td WIDTH="118" height="16"><font face="Arial" size="1">&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18"><font face="Arial" size="2">Deutsch
      Asset Management Equity 500 Index Fund,
      6,142 units</font></td>
    <td WIDTH="12" VALIGN="TOP" height="18"><font FACE="Arial" size="2"><p ALIGN="RIGHT">
    $</font></td>
    <td WIDTH="100" height="18" align="right">799,633<font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18">
      <p align="right"><font size="2">$</font></p>
    </td>
    <td WIDTH="118" height="18"><p align="right">
    <font FACE="Arial" SIZE="2">N/A&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</font></td>
  </tr>
</font>

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

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18"><font face="Arial" size="2">Deutsch
      Asset Management U.S. Bond Index Premier Fund,
      38,411 units&nbsp;</font></td>
    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18" align="right"><font FACE="Arial" SIZE="2">400,247&nbsp;&nbsp;&nbsp;&nbsp;
</font>

    </td>
    <td WIDTH="11" VALIGN="TOP" height="18"></td>
    <td WIDTH="118" height="18" align="right"><font FACE="Arial" SIZE="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
  </tr>
</font>

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18"><font size="2" face="Arial">
  Deutsch Asset Management Money Market Fund, 373,553 units
</font></td>

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

    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18" align="right"><font FACE="Arial" SIZE="2">373,553&nbsp;&nbsp;&nbsp;&nbsp;
</font>

</td>
    <td WIDTH="11" VALIGN="TOP" height="18"></td>
    <td WIDTH="118" height="18" align="right"><font FACE="Arial" SIZE="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
  </tr>
</font>

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">
  <font size="2" face="Arial">UTC Common Stock, 5,487 units</font></td>

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



    <td WIDTH="12" VALIGN="TOP" height="18">&nbsp;&nbsp;</td>
    <td WIDTH="100" height="18" align="right"><font FACE="Arial" SIZE="2">354,625&nbsp;&nbsp;&nbsp;&nbsp;
</font>

      </td>
    <td WIDTH="11" VALIGN="TOP" height="18"></td>
    <td WIDTH="118" height="18" align="right"><font FACE="Arial" SIZE="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">
  <font face="Arial" size="2">
  Vanguard Small Cap Index Fund, 8,802 units</font>

      </td>
    <td WIDTH="12" VALIGN="TOP" height="18"><font face="Arial" size="2">&nbsp;&nbsp;</font></td>
    <td WIDTH="100" height="18" align="right"><font face="Arial" size="2">174,449&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18"></td>
    <td WIDTH="118" height="18">

<p align="right"><font face="Arial" size="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></p>

      </td>
  </tr>
  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">
  <p ALIGN="JUSTIFY">

<font face="Arial" size="2">

Vanguard S&amp;P 500 Index Fund, 3,819 units
</font>

      </p>

      </td>
    <td WIDTH="12" VALIGN="TOP" height="18"><font face="Arial" size="2">&nbsp;&nbsp;</font></td>
    <td WIDTH="100" height="18" align="right"><font face="Arial" size="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18"></td>
    <td WIDTH="118" height="18">

<p align="right">

<font face="Arial" size="2">

456,368&nbsp;&nbsp;&nbsp;&nbsp;
</font>

      </td>
  </tr>

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">


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



Vanguard U.S. Growth Fund,

11,236 units&nbsp;</font>

      </td>
    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18" align="right"><font face="Arial" size="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="118" height="18" align="right">

310,682<font face="Arial" size="2">&nbsp;&nbsp;&nbsp;&nbsp;
</font>

      </td>
  </tr>

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">


<font face="Arial" size="2">

Vanguard Life Strategy Growth Fund, 10,452 units
</font>



      </td>
    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18" align="right"><font face="Arial" size="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="118" height="18" align="right">

<font face="Arial" size="2">204,752&nbsp;&nbsp;&nbsp;&nbsp;
</font>

      </td>
  </tr>

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">


<font face="Arial" size="2">


Vanguard Treasury Money Market Fund, 189,716 units&nbsp;
</font>

      </td>
    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18" align="right"><font face="Arial" size="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="118" height="18" align="right">

189,716<font face="Arial" size="2">&nbsp;&nbsp;&nbsp;&nbsp;
</font>

      </td>
  </tr>

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">


<font face="Arial" size="2">


Vanguard Windsor II Fund, 4,352 units
</font>

      </td>
    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18" align="right"><font face="Arial" size="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="118" height="18" align="right">

<font face="Arial" size="2">118,385&nbsp;&nbsp;&nbsp;&nbsp;
</font>

      </td>
  </tr>

  <tr>
    <td WIDTH="437" VALIGN="TOP" height="18">


<font face="Arial" size="2">

Vanguard Growth Index Fund, 3,484 units
</font>



      </td>
    <td WIDTH="12" VALIGN="TOP" height="18"></td>
    <td WIDTH="100" height="18" align="right"><font face="Arial" size="2">N/A&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="118" height="18" align="right">

<font face="Arial" size="2">106,506&nbsp;&nbsp;&nbsp;&nbsp;
</font>

      </td>
  </tr>

</table>

<p ALIGN="JUSTIFY"><font size="2" face="Arial">During 2001, the Plan's investments (including gains and losses on
        investments bought and sold, as well as held during the year)
        depreciated in value by $82,241. Mutual fund investments
        depreciated by $32,726 and the UTC Stock Fund depreciated by $49,515.</font></p>

<p><u><b><font FACE="Arial" SIZE="2"><a name="NOTE 4 - NONPARTICIPANT-DIRECTED INVESTMENTS">NOTE 4 -
RELATED-PARTY TRANSACTIONS</a></font></b></u></p>

<p ALIGN="JUSTIFY">All Plan investment options are managed by Banco Popular. Banco
      Popular is the Plan's trustee and recordkeeper, as defined by the Plan
      and, therefore, these transactions qualify as party-in-interest
      transactions.</p>
      <p align="center">&nbsp;<font face="Arial" size="2">6</font></p>

<hr>

<b>

<p ALIGN="CENTER">Hamilton Sundstrand de Puerto Rico Savings Plan<br>
Notes to Financial Statements
</p>

</b>

<p ALIGN="left"><u><b><font FACE="Arial" SIZE="2"><a name="NOTE 5 - INVESTMENT CONTRACTS WITH INSURANCE COMPANIES">NOTE 5 -
PLAN TERMINATION</a></font></b></u></p>

<p ALIGN="JUSTIFY"><font size="2" face="Arial">Although it has not expressed any intent to do so,
the Plan sponsor has the right
      under the Plan to terminate the Plan subject to the provisions of the
      Employee Retirement Income Security Act of 1974 (ERISA). In the event of
      Plan termination, participants will become fully vested in their account
      balances.</font><u><b></p>

<p><font FACE="Arial" SIZE="2"><a name="NOTE 6 - INVESTMENT IN MASTER TRUST">NOTE 6 -
TAX STATUS</a></font></b></u></p>

<p ALIGN="JUSTIFY"><font face="Arial" size="2">The Puerto Rico Department of Treasury ruled on June 1, 1994 that the
    Plan qualifies under section 165(a) of the Income Tax Act of 1954 (the
    &quot;Act&quot;), as amended. Therefore, the related trust is not subject to
    tax under present Puerto Rico income tax law. The Plan has been amended since receiving
    the determination letter. However, the Plan administrator and legal counsel
    believe that the Plan is designed and is currently being operated in
    compliance with the applicable requirements of the Act.</font></p>

<p ALIGN="center"><font face="Arial" size="2">7</font></p>

<hr>

<b>

<p ALIGN="CENTER">Hamilton Sundstrand de Puerto Rico
Savings Plan<br>
Form 5500, Schedule G, Part III - Schedule of Nonexempt Transactions<br>
For the Year Ended December 31, 2001</p>

</b>

<p ALIGN="CENTER">&nbsp;</p>

<b>

<table border="1" cellspacing="1" width="100%" style="font-size: 8pt; font-family: Arial">
  <tr>
    <td width="10%" align="center" valign="bottom">(a)<br>
      &nbsp;Identity of Party Involved</td>
    <td width="10%" align="center" valign="bottom">(b)<br>
      &nbsp;Relationship to Plan, Employer, or Other Party-In-Interest</td>
    <td width="17%" align="center" valign="bottom">(c)<br>
      Description of Transactions Including Maturity Date, Rate of Interest,
      Collateral, Par or Maturity Value</td>
    <td width="8%" align="center" valign="bottom">(d)<br>
      &nbsp;Purchase Price</td>
    <td width="10%" align="center" valign="bottom">(e)<br>
      &nbsp;Selling Price</td>
    <td width="10%" align="center" valign="bottom">(f)<br>
      &nbsp;Lease Rental</td>
    <td width="10%" align="center" valign="bottom">(g)<br>
      &nbsp;Expenses Incurred in Connection with Transactions</td>
    <td width="10%" align="center" valign="bottom">(h)<br>
      Cost of Asset</td>
    <td width="10%" align="center" valign="bottom">(i)<br>
      Current Value of Asset on Transaction Date</td>
    <td width="10%" align="center" valign="bottom">(j)<br>
      Net Gain (Loss) on Each Transaction</td>
  </tr>
  <tr>
    <td width="10%">&nbsp; UTC</td>
    <td width="10%">&nbsp; Employer</td>
    <td width="17%">A portion of April 2001 participant contributions were
      deposited into the&nbsp; Plan on May 22, 2001. The interest rate used to
      calculate lost income is 8%.</td>
    <td width="8%">
      <p align="right">$&nbsp; 388&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="10%" align="right">N/A</td>
    <td width="10%" align="right">N/A</td>
    <td width="10%" align="right">N/A</td>
    <td width="10%" align="right">$&nbsp; 388&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="10%">
      <p align="right">$&nbsp; 388&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="10%">
      <p align="right">--*&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp; UTC</td>
    <td width="10%">&nbsp; Employer</td>
    <td width="17%">A portion of June 2001 participant contributions were
      deposited into the Plan on August 1, 2001. The interest rate used to
      calculate lost income is 7%.</td>
    <td width="8%">
      <p align="right">301&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="10%" align="right">N/A</td>
    <td width="10%" align="right">N/A</td>
    <td width="10%" align="right">N/A</td>
    <td width="10%" align="right">301&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="10%" align="right">301&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="10%" align="right">--*&nbsp;&nbsp;&nbsp;&nbsp;</td>
  </tr>
</table>
</b>
<font SIZE="1">
  <p><p ALIGN="JUSTIFY"><font face="Arial">* Department of Labor Reg. 2510.3-102 requires that employee contributions
  be submitted to the Plan no later than 15 business days following the end of
  the month in which amounts were withheld from compensation. Failure to remit
  employee contributions in to the Plan on a timely basis is considered a
  nonexempt transaction with a party-in-interest. Management believes that this
  transaction should not affect the tax-qualified status of the Plan as all such
  required payments were subsequently paid upon discovery. Therefore, no
  provision for income taxes has been included in the Plan's financial
  statements.</font></p>
</font>

<p ALIGN="CENTER"><font face="Arial" size="2">8</font></p>

<hr>

<p ALIGN="CENTER"><b><font face="Arial" size="2">Supplemental Schedule<br>
Hamilton Sundstrand de Puerto Rico Savings Plan<br>
Schedule H, line 4i - Schedule of Assets (Held at End of Year)<br>
December 31, 2001</font></b></p>

<table CELLSPACING="1" BORDER="0" width="715">
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP"><u><font face="Arial" size="2"><br>
    <br>
    <br>
    <br>
    (a)</font></u></td>
    <td WIDTH="246" VALIGN="TOP"><p align="center"><br>
    <br>
    <font face="Arial" size="2">(b)<br>
    Identity of issue, borrower lessor or <u>similar party</u></font></td>
    <td WIDTH="9" VALIGN="TOP"></td>
    <td WIDTH="239" VALIGN="TOP"><p align="center"><font face="Arial" size="2">(c)<br>
    Description of investment, including maturity date, rate of interest, collateral, par or<br>
    <u>maturity value</u></font></td>
    <td WIDTH="17" VALIGN="TOP"></td>
    <td WIDTH="139" VALIGN="TOP"><p align="center"><br>
    <font face="Arial" size="2"><br>
    <br>
    (d)<br>
    <u>Current Value</u></font></td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td VALIGN="top" height="20" width="27"></td>
    <td VALIGN="top" height="20" width="246"></td>
    <td VALIGN="top" height="20" width="9"></td>
    <td VALIGN="top" height="20" width="239"></td>
    <td VALIGN="top" height="20" width="17"></td>
    <td VALIGN="top" height="20" width="139" style="font-family: Arial; font-size: 10pt" align="right"></td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP"><p ALIGN="CENTER"><font face="Arial" size="2">*</font></td>
    <td WIDTH="246" VALIGN="TOP"><font face="Arial" size="2">Deutsche Asset Management</font></td>
    <td WIDTH="9" VALIGN="TOP"></td>
    <td WIDTH="239" VALIGN="TOP"><font face="Arial" size="2">Equity 500 Index Fund</font></td>
    <td WIDTH="17" VALIGN="TOP"><p ALIGN="JUSTIFY"><font face="Arial" size="2">
    $</font></td>
    <td WIDTH="139" VALIGN="TOP" align="right" style="font-family: Arial; font-size: 10pt">799,633&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;</td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP"><p ALIGN="CENTER"><font face="Arial" size="2">*</font></td>
    <td WIDTH="246" VALIGN="TOP"><font face="Arial" size="2">Deutsche Asset
      Management</font></td>
    <td WIDTH="9" VALIGN="TOP"></td>
    <td WIDTH="239" VALIGN="TOP"><font face="Arial" size="2">U.S. Bond Index Premier Fund</font></td>
    <td WIDTH="17" VALIGN="TOP"></td>
    <td WIDTH="139" VALIGN="TOP" align="right" style="font-family: Arial; font-size: 10pt">400,247&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;</td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP"><p ALIGN="CENTER"><font face="Arial" size="2">*</font></td>
    <td WIDTH="246" VALIGN="TOP"><font face="Arial" size="2">Deutsche Asset
      Management</font></td>
    <td WIDTH="9" VALIGN="TOP"></td>
    <td WIDTH="239" VALIGN="TOP"><font face="Arial" size="2"> Money Market Fund</font></td>
    <td WIDTH="17" VALIGN="TOP"></td>
    <td WIDTH="139" VALIGN="TOP" align="right" style="font-family: Arial; font-size: 10pt">373,553&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP"><p ALIGN="CENTER"><font face="Arial" size="2">*</font></td>
    <td WIDTH="246" VALIGN="TOP"><font face="Arial" size="2">United Technologies Corporation&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP"></td>
    <td WIDTH="239" VALIGN="TOP"><font face="Arial" size="2">UTC Common Stock</font></td>
    <td WIDTH="17" VALIGN="TOP"></td>
    <td WIDTH="139" VALIGN="TOP" align="right" style="font-family: Arial; font-size: 10pt">354,625&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP"><p ALIGN="CENTER"><font face="Arial" size="2">*</font></td>
    <td WIDTH="246" VALIGN="TOP"><font face="Arial" size="2">Vanguard Group of Investments</font></td>
    <td WIDTH="9" VALIGN="TOP"></td>
    <td WIDTH="239" VALIGN="TOP"><font face="Arial" size="2">Vanguard Small Cap Index Fund</font>
    <td WIDTH="17" VALIGN="TOP"></td>
    <td WIDTH="139" VALIGN="TOP" style="font-family: Arial; font-size: 10pt" align="right"><p ALIGN="RIGHT">174,449&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP"><p ALIGN="CENTER"><font face="Arial" size="2">*</font></td>
    <td WIDTH="246" VALIGN="TOP"><font face="Arial" size="2">Deutsche Asset Management</font></td>
    <td WIDTH="9" VALIGN="TOP"></td>
    <td WIDTH="239" VALIGN="TOP"><font face="Arial" size="2">EAFE Equity Premier
      Fund</font></td>
    <td WIDTH="17" VALIGN="TOP"></td>
    <td WIDTH="139" VALIGN="TOP" style="font-family: Arial; font-size: 10pt" align="right">114,753&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP" HEIGHT="20"></td>
    <td WIDTH="246" VALIGN="TOP" HEIGHT="20"><font face="Arial" size="2">Plan Participants</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="20"></td>
    <td WIDTH="239" VALIGN="TOP" HEIGHT="20"><font face="Arial" size="2">Participant Loans
      Receivable</font></td>
    <td WIDTH="17" VALIGN="TOP" HEIGHT="20"></td>
    <td WIDTH="139" VALIGN="TOP" HEIGHT="20" align="right" style="font-family: Arial; font-size: 10pt">316,837&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;</td>
    </font>
  </tr>
  <tr>
    <font face="Arial" size="2">
    <td WIDTH="27" VALIGN="TOP" HEIGHT="20" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="246" VALIGN="TOP" HEIGHT="20" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="20" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="239" VALIGN="TOP" HEIGHT="20" style="font-family: Arial; font-size: 10pt"></td>
    <td WIDTH="17" VALIGN="TOP" HEIGHT="20" style="font-family: Arial; font-size: 10pt">$</td>
    <td WIDTH="139" VALIGN="TOP" HEIGHT="20" align="right" style="font-family: Arial; font-size: 10pt; border-top-style: solid; border-top-width: thin; border-bottom-style: double; border-bottom-width: thick">2,534,097&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</td>
    </font>
  </tr>
</TABLE>

<font face="Arial" size="2">

<p>* Indicates an identified person known to be a
party-in-interest to the Plan</p>

</font>

<p align="center"><font face="Arial" size="2">9</font></p>

<b>

<hr>

</b>
<font SIZE="1">
</font>

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

<p><p ALIGN="JUSTIFY"></b><font FACE="Arial" SIZE="2">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>

<p><font face="Arial" size="1">&nbsp;</font></p>
<font SIZE="2">

<font FACE="Arial" size="2">

<b>

<table border="0" cellpadding="2" cellspacing="0" width="100%" style="font-family: Arial; font-size: 10pt" height="183">
  <tr>
    <td width="25%" height="31"></td>
    <td width="4%" height="31"></td>
</b>
    <td width="52%" height="31">

<b>

<font FACE="Arial" SIZE="2">HAMILTON SUNDSTRAND de PUERTO RICO<br>
 SAVINGS PLAN</font>
</b>
    </td>
    <td width="19%" height="31"></td>
  </tr>
</font>
<b>
<tr>
  <td width="25%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="4%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="52%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="19%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
</tr>
<tr>
  <td width="25%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="4%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="52%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="19%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
</tr>
<tr>
  <td width="25%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="4%" height="18">
<font face="Arial" size="2">&nbsp;</font>
  </td>
  <td width="52%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
  <td width="19%" height="18">
<font face="Arial" size="2">&nbsp;&nbsp;</font>
  </td>
</tr>
</b>
<font FACE="Arial" size="2">
<tr>
  <td width="25%" height="18">Dated:&nbsp; October 22, 2002</td>
  <td width="4%" height="18">By:</td>
  <td width="52%" style="border-bottom-style: solid; border-bottom-width: thin" height="18">/s/
    Laurie P. Havanec</td>
<b>
  <td width="19%" height="18"></td>
</tr>
<tr>
  <td width="25%" height="34"></td>
  <td width="4%" height="34"></td>
</b>
  <td width="52%" height="34">
<font FACE="Arial" size="2"> Laurie P. Havanec<br>
Director, Employee Benefits and Human Resources Systems<br>
United Technologies Corporation</font>
  </td>
<b>
  <td width="19%" height="34"></td>
</tr>
</b>
</font>
<b>
<tr>
  <td width="25%" height="18"><font face="Arial">&nbsp; </font></td>
</b>
  <td width="4%" height="18"><font face="Arial">&nbsp; </font></td>
<b>
  <td width="52%" height="18">
<font face="Arial">&nbsp; </font>
  </td>
  <td width="19%" height="18"><font face="Arial">&nbsp; </font></td>
</tr>
</table>
</b>
</font>
<p align="center"><font face="Arial" size="2">10</font></p>
<hr>
</font>
</body>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>3
<FILENAME>sundpuertoex23.htm
<DESCRIPTION>EX-23 12/31/01
<TEXT>
<HTML>

<head>
<TITLE>sundpuertoex23</TITLE>
</head>

<body>
<b>

<p ALIGN="RIGHT"></b><font size="2" face="Arial"><b>Exhibit 23</b></font></p>

<p ALIGN="RIGHT">&nbsp;</p>

<p ALIGN="CENTER"><u><strong><font size="2" face="Arial">CONSENT OF INDEPENDENT
AUDITORS</font></strong></u></p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="justify"><font size="2" face="Arial">We hereby consent to the incorporation by
reference in the Registration Statement on Form S-8 (No. 333-100718) of United Technologies
Corporation of our report dated October 15, 2002 relating to the financial statements of the
Hamilton Sundstrand
de Puerto Rico Savings Plan, which appears in this Form
11-K.</font></p>

<p>&nbsp;</p>

<p><font size="2" face="Arial">/s/ PricewaterhouseCoopers LLP<br>
PricewaterhouseCoopers LLP<br>
Hartford, Connecticut<br>
October 22, 2002</font></p>
<hr>
</body>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
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