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January 23, 1995 12:00 AM

SPECIAL REPORT: LARGEST FUNDS

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    Consolidated Edison Co.

    of New York Inc.

    ($ millions)

    Total assets4,880

    Defined benefit4,183

    Total defined contribution697

    NEW YORK - As of Sept. 30, Consolidated Edison Co. of New York Inc.'s total employee benefit assets increased 2.1% from a year earlier. Defined benefit assets increased 1% during the same period; defined contribution assets increased 9.7%.

    For the defined benefit plan, the master trustee and global custodian is State Street Bank. For the defined contribution plan, the master trustee is Bankers Trust. The investment consultant is Evaluation Associates.

    John N. Bell, assistant treasurer, oversees investment management of the fund.

    Cook County Employees'

    Annuity & Benefit Fund

    ($ millions)

    Total assets2,560

    Defined benefit2,560

    Employer DB contributions95

    Benefit payments95

    Defined benefit asset mix:

    Stocks30%

    Fixed income52%

    Cash equivalents11%

    Real estate equity5%

    Venture capital2%

    CHICAGO - As of Sept. 30, Cook County Employees' Annuity & Benefit Fund's total employee benefit assets increased 10.4% from June 30, 1993. All assets are defined benefit.

    Employer contributions to the defined benefit plan decreased 0.1%, and benefits paid increased 10.5%.

    The master custodian is Bank of America-Illinois; the consultant is Standard Valuations.

    John E. Fitzgerald, executive director, oversees investment management of the fund.

    Deere & Co.

    ($ millions)

    Total assets4,400

    Defined benefit3,643

    401(k)757

    Employer DB contributions180

    Benefit payments260

    Employer DC contributions............11

    Internally managed assets:

    Defined benefit2,135

    Hedging devices used:

    Stock index futures

    Defined benefit asset mix:

    Stocks74.8%

    Fixed income18%

    Cash equivalents3.3%

    Real estate equity1.7%

    Venture capital2.2%

    Defined contribution asset mix:

    Company stock9.5%

    Other stock16.6%

    Fixed income0.2%

    GICs/BICs49.7%

    Cash equivalents0.9%

    Other23.1%

    MOLINE, Ill. - As of Sept. 30, Deere & Co.'s total employee benefit assets increased 12% from a year earlier. Defined benefit assets increased 11% during the same period; defined contribution assets increased 13%.

    Employer contributions to the defined benefit plan decreased 17%; benefits paid increased 5%.

    Defined benefit managers:

    Domestic equities: Batterymarch; Jacobs/Levy; LBS; J.P. Morgan; Rampart; Roll & Ross.

    International equities: Dimensional Fund Advisors; Wells Fargo Nikko.

    Real estate managers: AEW; Copley; LaSalle Partners; J.P. Morgan; TCW.

    Other managers: Brinson; Horsley Bridge.

    Defined contribution managers:

    Domestic equities: Fidelity.

    International equities: Fidelity.

    Domestic fixed-income: Fidelity.

    Boston Safe Deposit & Trust Co. is the master trustee, master custodian and global custodian.

    Fidelity provides administrative and record-keeping services for the defined contribution plan.

    Key personnel overseeing the investment management of the fund are Dennis R. Schwartz, managing director, investments, and Harry Hoyt, manager, employee benefits.

    Delaware State Retirement

    Fund

    ($ millions)

    Total assets2,323

    Defined benefit2,323

    Employer DB contributions70

    Benefit payments123

    as of June 30

    Hedging devices used:

    Stock options

    Bond options

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks42.7%

    Fixed income40.3%

    Cash equivalents6.4%

    Real estate equity4.4%

    Private investment6.2%

    DOVER, Del. - As of June 30, the Delaware State Retirement Fund's total employee benefit assets increased 1.6% from Sept. 30, 1993. All assets are defined benefit.

    Employer contributions to the defined benefit plan increased 15%, and benefits paid increased 3%.

    Defined benefit managers:

    Domestic equities: Brinson Partners; Cadence Capital; Lincoln Capital; Mellon Capital; T. Rowe Price; Trinity Investments; Wells Fargo Nikko.

    International equities: Batterymarch Financial; Marvin & Palmer; Rowe Price-Fleming.

    Domestic fixed-income: Mellon Capital; NCM; T. Rowe Price; TCW Asset; Wells Fargo Nikko.

    International fixed-income: J.P. Morgan; NM Rothschild.

    Real estate: Aetna Life; Citibank; John Hancock; J.W. O'Connor.

    Convertible securities: Equity-Linked Investors; Froley, Revy Investment; Pecks Management; TCW Asset.

    Venture capital: Accel Partners; Advanced Technology; Brentwood Associates; Cherry Tree; Coller Isnard; Dougery & Wilder; Julian, Cole & Stein; Morgan Holland; Norton Partners; ONSET Enterprise; Spectra Enterprise; Summit Ventures; Threshold Funds.

    The master custodian is Mercantile Safe-Deposit & Trust; the global custodian is State Street Bank; the investment consultant is Ashford Capital.

    Key personnel overseeing the investment management of the fund are James C. Baker, pension administrator; David C. Craik; deputy pension administrator; and Alice L. Simon; pension financial manager.

    Delta Air Lines Inc.

    ($ millions)

    Total assets6,542

    Defined benefit5,000

    Total defined contribution1,542

    Employer DB contributions190

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