TRENTON, New Jersey (AP) ? Officials with Bermuda-based Tyco International Ltd. said yesterday they have begun to recover some of the money that two former executives were jailed for looting from the conglomerate.

Speaking at a shareholders meeting in Jacksonville, Florida, Tyco chief executive officer Ed Breen said the company expects to recover money a judge last September ordered ex-CEO L. Dennis Kozlowski and former chief financial officer Mark H. Swartz to pay.

?The assets of the two individuals have been frozen for a few years now,? Breen said in reply to a shareholder?s question at the meeting, which was simulcast over the Internet. ?There is enough money frozen in all the accounts, real estate and other assets that we will get it.?

Breen said some of the money already has been recovered. Speaking later, a spokeswoman said those funds were from real estate sales, and did not include the combined $134 million the former executives were ordered to pay to Tyco in restitution by September 2006.

Kozlowski and Swartz were convicted last June of taking hundreds of millions of dollars from the then New York-based Tyco to finance their lavish lifestyles. Sentenced last September to serve at least eight years in state prison, each has appealed.

Based in Bermuda but with operational headquarters in West Windsor, Tyco is still facing shareholder lawsuits consolidated in a New Hampshire federal court. In January, the board of directors decided to spin off its health care, electronics, and fire and security divisions into three separate companies by 2007, in hopes of improving each business and stock prices. The company also declared a quarterly dividend yesterday of ten cents per common share, payable on May 3 to shareholders of record as of April 3. Shares of Tyco were up 9 cents to $25.86 on the New York Stock Exchange yesterday in mid-afternoon trading.