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January 20, 1997 12:00 AM

LARGEST EMPLOYEE BENEFIT FUNDS (PART 34/46)

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    Board of Pensions of the

    Presbyterian Church (USA)

    ($ millions)

    Total assets 4,122

    Defined benefit 4,072

    Defined contribution 50

    Employer DB contributions 60

    Benefit payments 135

    The fund uses:

    Bond options

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 62%

    Fixed income 35%

    Real estate equity 3%

    PHILADELPHIA - As of Sept. 30, the Board of Pensions of the Presbyterian Church (USA)'s total employee benefit assets increased 10% from a year earlier. Defined benefit assets increased 10%.

    Defined contribution assets increased 11.1%,

    Employer contributions to the defined benefit plan increased 20%; benefits paid increased 12.5%.

    Defined benefit managers:

    Domestic equities: J.P. Morgan; Barrow Hanley; Lazard Freres; Alliance; Lincoln; Barclays Global; GeoCapital; Quest.

    International equities: Capital Guardian; Grantham Mayo; Templeton.

    Domestic fixed-income: Dodge & Cox; Miller, Anderson; PIMCO; Reams; Standish; Oaktree.

    The master custodian and global custodian is Mellon.

    The key person overseeing the investment management of the funds is Judith D. Freyer, vice president, investments and treasurer.

    Procter & Gamble Co.

    ($ millions)

    Total assets* 11,724

    Defined benefit 170

    Total defined contribution 11,554

    *401(k)/457 145

    Employer DB contributions 0

    Benefit payments 3

    Total DC contributions 270

    *as of June 30

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 43.4%

    Fixed income 55.5%

    Cash equivalents 1.1%

    Defined contribution asset mix:

    Company stock 94%

    Other stock 1%

    Fixed income 1%

    GICs/BICs 2%

    Cash equivalents 2%

    CINCINNATI - As of June 30, Procter & Gamble Co.'s total employee benefit assets increased 16.7% from a year earlier.

    Defined benefit assets decreased 2.9%; defined contribution assets increased 17.1%.

    The employer contribution to the defined benefit plan remained zero; benefit payments remained the same.

    Defined benefit managers:

    Domestic equities: Barclays Global; Denver Investment; J.P. Morgan.

    International equities: Templeton.

    Domestic bonds: J.P. Morgan.

    Defined contribution managers:

    Domestic and international equities: Barclays Global.

    Domestic bonds: Barclays Global; J.P. Morgan.

    Key personnel overseeing the investment management of both the defined benefit and defined contribution plans are: C.C. Daley, vice president and treasurer; J.R. Lawhead, assistant treasurer; and J.R. Smith, director-pension investments.

    Prudential Insurance Co.

    of America

    ($ millions)

    Total assets 10,036

    Defined benefit 6,905

    Total defined contribution 3,131

    *401(k)/457 597

    Employer DB contributions 0

    Benefit payments 259

    Total DC contributions 193

    Internally managed assets:

    Defined benefit 6,905

    Defined contribution 3,131

    The fund uses:

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 57.0%

    Fixed income 35.0%

    Cash equivalents 0.9%

    Real estate equity 6.5%

    Mortgages 0.0%

    Other 0.6%

    Defined contribution asset mix:

    Other stock 26.9%

    Fixed income 0.8%

    GICs/BICs 72.2%

    Cash equivalents 0.1%

    NEWARK, N.J. - As of Sept. 30, Prudential Insurance Corp. of America's total employee benefit assets increased 7% from a year earlier. Defined benefit assets increased 6.3% during the same period; defined contribution assets increased 8.5%.

    There were no employer contributions to the defined benefit plan. Benefits paid increased 44%.

    The global custodian is Chase Manhattan Bank.

    KEY PERSONNEL OVERSEEING THE INVESTMENT MANAGEMENT OF THE FUNDS ARE MARK STUMPP, CHIEF INVESTMENT OFFICER, AND JIM SCOTT, MANAGING DIRECTOR.

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