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January 24, 1994 12:00 AM

LARGEST PENSION FUNDS; PART 13 OF 25

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    Los Angeles Fire & Police

    Pension System

    ($ millions)

    Total assets5,527

    Defined benefit5,527

    Employer DB contributions323

    Benefit payments336

    Internally managed assets:

    Defined benefit81

    Hedging devices used:

    Stock options

    Defined benefit asset mix:

    Stocks60.7%

    Fixed income34.2%

    Cash equivalents1.5%

    Real estate equity3.6%

    LOS ANGELES - As of Sept. 30, the Los Angeles Fire & Police Pension System's total employee benefit assets increased 18.8% from a year earlier. All assets are defined benefit.

    Equity managers: Domestic - Alliance; Amerindo; Boston Co.; Brown; Delta; Frontier; Galleon; Husic; Loomis, Sayles; Target.

    International - Clay Finlay; Nomura; Oechsle.-

    Fixed-income managers: Boston Co.; Gem; HCM; Lincoln; Loomis; Magten; Smith, Graham.

    Real estate managers: Copley; Equitable; JMB; Lowe; Mellon/McMahan; Prudential; PSI; RREEF; Sentinel.

    Options managers: Balch; Oppenheimer; McQ.

    The master custodian and global custodian is Bankers Trust.

    Key personnel overseeing the investment management of the fund are Gary Mattingly, general manager; Allan E. Moore, assistant general manager; and Tom Lopez, chief investment officer.

    Los Angeles Water & Power

    Employees Retirement

    Plan

    ($ millions)

    Total assets2,600

    Defined benefit2,600

    Employer DB contributions145

    Benefit payments120

    Internally managed assets:

    Defined benefit350

    Hedging devices used:

    Stock options

    Defined benefit asset mix:

    Stocks.50%

    Fixed income.38%

    Cash equivalents.12%

    LOS ANGELES - As of Sept. 30, total employee benefit assets of the Los Angeles Water and Power Employees Retirement Plan increased 4.5% from June 30, 1992. All assets are defined benefit.

    Equity managers: Boston Co.; Merus Capital; TCW.

    Fixed-income managers: Boston Co.; Merus Capital; TCW.

    The master custodian is Bank of America; the investment consultant is SEI.

    Key personnel overseeing the investment management of the fund are Kathleen Thornton, assistant retirement plan manager, and Anna Chi Honda, investment officer.

    Louisiana State Employees'

    Retirement System

    ($ millions)

    Total assets* 3,222

    Defined benefit 3,222

    Employer DB contributions 314

    * From Money Market Directory

    BATON ROUGE, La. - As of Sept. 30, the Louisiana State Employees' Retirement System's total assets increased 7.5% compared with a year earlier, according to the Money Market Directory. All assets are defined benefit.

    Louisiana Teachers'

    Retirement System

    ($ millions)

    Total assets*5,449

    Defined benefit5,449

    Employer DB contributions359

    Benefit payments450

    *as of June 30, 1993

    Internally managed assets:

    Defined benefit164

    Defined benefit asset mix:

    Stocks52%

    Fixed income45%

    Cash equivalents3%

    BATON ROUGE, La. - As of June 30, the Louisiana Teachers' Retirement System's total employee benefit assets increased 13.5% from a year earlier. All assets are defined benefit.

    Equity managers: Domestic - Boston Co.; Eagle; Equitable; Harris Bretall; INVESCO; Moran; Palley Needelman; Putnam; Scudder; Smith Barney; Sun Bank; TCW.

    International - Batterymarch; Scudder.

    Fixed-income managers: Domestic - Boatmen's; Criterion; Kemper; Morgan Stanley; Scudder.

    International - Scudder, Kemper.

    The master custodian is City National Bank/Baton Rouge; the global custodian is Chase; the investment consultant is Holbein.

    Key personnel overseeing the investment management of the fund are James Hadley, director, and Jennifer Netterville, investment officer.

    Maine State

    Retirement System

    ($ millions)

    Total assets3,000

    Defined benefit3,000

    Employer DB contributions232

    Benefit payments230

    Defined benefit asset mix:

    Stocks59%

    Fixed income35%

    Cash equivalents5%

    Real estate equity1%

    AUGUSTA, Maine - As of Sept. 30, the Maine State Retirement System's total employee benefit assets increased 20% from a year earlier. All assets are defined benefit.

    Equity managers: Domestic - Alliance; Ark; Columbus Circle; Gouws; Geo; PanAgora; Peregrine.

    International - Bankers Trust; Brinson; Walter Scott.

    Fixed-income managers: Alliance; Boston Co.; Morgan Guaranty; PanAgora; Putnam.

    Real estate manager: PCA Realty.

    The master and global custodian is Boston Safe; the investment consultant is Ennis, Knupp.

    Key personnel overseeing the investment management of the fund are Claude R. Perrier, executive director, and William B. Ross, investment account coordinator.

    Martin Marietta Corp.

    ($ millions)

    Total assets5,166

    Defined benefit3,894

    Profit-sharing1,272

    Employer DB contributions123

    Benefit payments128

    Employer DC contributions16

    Internally managed assets:

    Defined benefit1,227

    Defined benefit asset mix:

    Stocks45.8%

    Fixed income23.4%

    Cash equivalents30.8%

    Defined contribution asset mix:

    Company stock20.6%

    Other stock29.6%

    Fixed income3.2%

    GICs/BICs11.6%

    Cash equivalents35.0%

    BETHESDA, Md. - As of Sept. 30, Martin Marietta Corp.'s total employee benefit assets increased 36.2% from a year earlier. Defined benefit assets increased 51.1% during the same period; defined contribution assets increased 4.6%.

    Equity managers: Domestic - Bankers Trust; Breau; Capital Guardian; Hanover; Invista; Pioneering; State Street Research; Torray.

    International - Capital Guardian; Van Eck.

    Fixed-income managers: Domestic - Hanover; T. Rowe Price; Standish Ayer.

    International - Capital Guardian.

    The master trustee and global custodian is Bankers Trust; the investment consultant is Evaluation Associates.

    Key personnel overseeing the investment management of the fund are Wayne H. Shaner, assistant treasurer; Shawn Hendon, director-pension investments; and Karen Hummers, analyst-pension investments.

    Maryland State Retirementand Pension Systems

    ($ millions)

    Total assets17,036

    Defined benefit17,036

    Employer DB contributions668

    Benefit payments735

    Internally managed assets:

    Defined benefit8,422

    Defined benefit asset mix:

    Stocks41%

    Fixed income53%

    Cash equivalents3%

    Real estate equity2%

    Mortgages1%

    BALTIMORE - As of Sept. 30, Maryland State Retirement and Pension Systems' total employee benefit assets increased 15.2% from a year earlier. All assets are defined benefit.

    Equity managers: Domestic - Bankers Trust; Capital Guardian; Investment Counselors of Maryland; Scudder, Stevens; State Street; Wellington Trust.

    International - Bank of Ireland; BEA; Harbor Fund; Templeton.

    Fixed-income managers: Domestic - Investment Counselors of Maryland; Mercantile Safe; PIMCO; Standish, Ayer & Wood.

    Real estate managers: CIGNA; Copley; J.P. Morgan; Sentinel.

    The master trustee is First National Bank of Maryland; the global custodian is State Street Bank.

    Key personnel overseeing the investment management of the fund are Carol Casey, chief investment officer; Arthur M. Lynch Jr., director-actively managed investments; Lawrence J. Bach, director-passively managed investments; and Victoria Willard, director-cash and bond management.

    Massachusetts Pensions

    Reserve Investment

    Management Board

    ($ millions)

    Total assets*3,884

    Defined benefit3,884

    *From Money Market Directory

    BOSTON - The Massachusetts Pension Reserve Investment Management Board's employee benefit assets totaled $3.884 billion as of June 30, according to Money Market Directory. All assets are defined benefit.

    Massachusetts State

    Teachers & Employees

    Retirement Systems

    ($ millions)

    Total assets7,755

    Defined benefit7,755

    Employer DB contributions132

    Internally managed assets:

    Defined benefit300

    Defined benefit asset mix:

    Stocks44%

    Fixed income46%

    Cash equivalents4%

    Real estate equity3%

    Venture capital3%

    BOSTON - As of Sept. 30, the Massachusetts State Teachers & Employees Retirement Systems' total employee benefit assets increased less than 1% from the $7.69 billion reported year earlier by Money Market Directory. All assets are defined benefit.

    Equity managers: Domestic - Alliance; Chancellor; Fidelity Management; Goldman Sachs; Greaves Capital; Independence Investment; Massachusetts Financial; Morgan Stanley; Numeric; State Street Global; Boston Co.

    International - BEA; Fidelity Management; PanAgora; Wardley.

    Fixed-income managers: Domestic - Dodge & Cox; Loomis, Sayles; Morgan Grenfell; PanAgora; Putnam; Standish, Ayer & Wood; Smith Barney; TCW.

    International - Massachusetts Financial; Putnam; Scudder, Stevens.

    Real estate managers: Aetna; AEW; Bear Stearns; Copley; First Chicago-Brinson; Franklin Properties; Hancock; Lehndorff & Babson; Meridian Point; Metric; Public Storage; Shurgard; Sierra Capital; Sterling Group; TA Associates.

    Venture capital managers: Beta Partners; Bigler Crossroads; Clayton & Dubilier; Frontenac; Hancock Venture; Prudential Equity; Media Communication; Narragansett; New Enterprise; Vista; Thomas H. Lee; Welsh, Carson, Anderson & Stowe.

    Domestic balanced manager: RXR Group.

    Future funds: Prudential-Bache.

    Alternative investments managers: Massachusetts Fiduciary Advisors; Sentry Financial.

    The master custodian and global custodian is Boston Safe Deposit; the investment consultants are Callan Associates and Townsend Group.

    The key person overseeing the investment management of the fund is Joseph P. Craven, deputy treasurer.

    McDonnell Douglas Corp.

    ($ millions)

    Total assets7,110

    Defined benefit5,320

    Total defined contribution1,790

    Employer DB contributions0

    ST. LOUIS - As of Sept. 30, McDonnell Douglas Corp.'s total employee benefit assets increased 5.3% from a year earlier. Defined benefit assets increased 2.3% during the same period; defined contribution assets increased 15.5%.

    Equity manager: Domestic - Bankers Trust.

    International - Bankers Trust.

    Fixed-income managers: Domestic - Banker's Trust; Sanford Bernstein; Boatmen's; Goldman Sachs; Miller, Anderson.

    Real estate managers: LaSalle; RREEF; TCW.

    The master trustees are Bank of New York and Chase Manhattan.

    Key personnel overseeing the investment management of the fund are Sheryl K. Pressler, director-retirement funds management, and Patricia A. Dahl, investment analyst.

    Metropolitan Life Insurance Co.

    ($ millions)

    Total assets4,528

    Defined benefit2,911

    Total defined contribution1,617

    |Thrift/savings1,520

    |Other97

    Employer DB contributions0

    Benefit payments161

    Employer DC contributions47

    Internally managed assets:

    Defined benefit2,911

    Defined contribution1,617

    Defined benefit asset mix:

    Stocks49%

    Fixed income41%

    BIC/GIC 10%

    Defined contribution asset mix:

    Other stock25%

    Fixed income74%

    Real estate1%

    NEW YORK - As of Sept. 30, Metropolitan Life Insurance Co.'s total employee benefit assets increased 12.1% from a year earlier. Defined benefit assets increased 10.8% during the same period; defined contribution assets increased 14.4%.

    All assets are managed internally.

    State of Michigan Retirement

    Systems

    ($ millions)

    Total assets24,307

    Defined benefit24,307

    Employer DB contributions1,100

    Benefit payments1,540

    Internally managed assets:

    Defined benefit22,834

    Hedging devices used:

    Stock index futures

    Defined benefit asset mix:

    Stocks38%

    Fixed income30%

    Cash equivalents17%

    Real estate equity6%

    Mortgages4%

    Alternative investments5%

    LANSING, Mich. - As of Sept. 30, the State of Michigan Retirement

    System's total employee benefit assets increased 11.3% from a year earlier. All assets are defined benefit.

    Real estate managers: AEW; Copley; Hancock Timber; L&B; Lowe Enterprises; NBD Mortgage; Sentinel; Trammell Crow; Zell/Merrill Lynch.

    Alternative investment managers: Accel Partners; Baring; Battery

    Ventures; Berkshire Partners; Burr, Egan, Deleage; Crown-Glynn; DLJ; Energy Investors; Enterprise Management; Equity Institutional; Foothill Group; Frontenac; Great Lakes Capital

    Management; Health Care Investment; IMR Management; Inter Ven

    Partners; Hancock Venture Capital; KKR; Marquette Management; MBW

    Management; Menlo Ventures; Midwest Bank Funds; MLGA Partners; Morgan

    Holland; Newtek Partners; Phoenix Fund Managers; Plant Resources

    Ventures; Regional Financial; Rice Capital; Robertson, Stephens;

    Sunwestern Investment; Torch Energy; Warburg, Pincus; Wind Point

    Partners.

    The master custodian is the state treasurer.

    Key personnel overseeing the investment management of the fund are

    Barry L. Stevens, director-bureau of investments; and Gordon H.

    Linsday, deputy director.

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