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January 20, 1997 12:00 AM

LARGEST EMPLOYEE BENEFIT FUNDS (PART 28/46 )

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    NYNEX CORP. ($ MILLIO NS)

    Total assets 21,286

    Defined benefit 16,404

    Total defined contribution 4,882

    *401(k)/457 2,290

    Employer DB contributions 0

    Benefit payments 975

    Total DC contributions 345

    Internally managed assets:

    Defined benefit 1,962

    Defined contribution 2,328

    The fund uses:

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 65%

    Fixed income 22%

    Real estate equity 6%

    Other 7%

    Defined contribution asset mix:

    Company stock 41%

    Other stock 28%

    Fixed income 3%

    GICs/BICs 26%

    Other 2%

    NEW YORK - As of Sept. 30, NYNEX Corp.'s total employee benefit assets increased 5.3% from a year earlier. Defined benefit assets increased 5.9% during the same period; defined contribution assets increased 3%.

    Employer contributions to the defined benefit plan remained at zero; benefits paid increased 14%.

    Defined contribution managers:

    Domestic equities: Fidelity; Franklin Portfolio; Miller Anderson; Palisades; TCW; Trinity.

    International equities: Capital Guardian; Morgan Stanley; State Street Global.

    Domestic fixed-income: Standish Ayer; State Street Research; Western Asset.

    International fixed-income: WorldInvest.

    The master trustee and global custodian is Mellon.

    Key personnel overseeing the investment management of the funds are Candace Cox, president and chief investment officer; Marie LoGiudice, vice president-operations; and Richard Wolf, vice president-public markets.

    The Police and Firemen's

    Disability and Pension

    Fund of Ohio

    ($ millions)

    Total assets 6,049

    Defined benefit 6,049

    Employer DB contributions 223

    Benefit payments 395

    Internally managed assets:

    Defined benefit 2,178

    Defined benefit asset mix:

    Stocks 51.7%

    Fixed income 35.4%

    Cash equivalents 3.1%

    Real estate equity 8.2%

    Mortgages 1.3%

    Other 0.3%

    COLUMBUS, Ohio - As of Sept. 30, The Police and Firemen's Disability and Pension Fund of Ohio total employee benefit assets, all defined benefit, increased 12% from a year earlier.

    Employer contributions to the defined benefit plan increased 4%; benefits paid increased 8.2%.

    Defined benefit managers:

    Domestic equities: Atalanta Sosnoff Capital; Bankers Trust; Bond Procope; Fleet Financial; Gelfand Partners; INVESCO Trust; Lakefront Capital Investors; Nicholas-Applegate; Oppenheimer; Society Asset Management; Value Line.

    International equities: Capital Guardian Trust; Lombard-Odier International; Scudder, Stevens & Clark; Smith Barney.

    Domestic fixed-income: Brinson Partners.

    Real estate: Cabot; Copley; Equitable; Lowe Enterprise; MIG Realty; RREEF; Schroder; TA Associates; Westbrook; Yarmouth; Westmark; AEW Partners; DLJ Real Estate Capital.

    Others: Alpha Capital Partners; BlueChip Venture Partners; Brantley Venture Partners; Cardinal Development Capital Fund; Chemicals and Materials Enterprise; Morgenthaler Ventures; North Coast Fund; Northwest Ohio Venture Fund; Primus Venture Partners.

    The master trustee is the treasurer of the state of Ohio. The master custodian is KeyBank National Bank; the global custodians are KeyBank National Bank and Morgan Stanley Trust.

    Key personnel overseeing the investment management of the fund are Theodore G. Hall, director of investments; Lou Canlas, real estate manager; Michael Downs, fixed income portfolio manager; and Peggy Shafer, assistant investment officer.

    Public Employees

    Retirement System of Ohio

    ($ millions)

    Total assets 40,335

    Defined benefit 37,959

    *457 2,376

    Employer DB contributions 1,107

    Benefit payments 1,457

    Total DC contributions 250

    Internally managed assets:

    Defined benefit 34,659

    Defined benefit asset mix:

    Stocks 26%

    Fixed income 59%

    Cash equivalents 7%

    Real estate equity 5%

    Mortgages 3%

    Defined contribution asset mix:

    Stock 31%

    GICs/BICs 69%

    COLUMBUS, Ohio - As of Sept. 30, Public Employees Retirement System of Ohio had $40.335 billion in total assets. Defined benefit assets increased 8.5% from a year earlier. Defined contribution assets - contained in a deferred compensation plan - are included for the first time.

    Employer contributions to the defined benefit plan increased 4%; benefits paid increased 8%.

    Defined benefit managers:

    International equities: J.P. Morgan; Xylem.

    Real estate: Bristol Group; Faison; Liberty Capital; Lowe Enterprises; Rothchild Realty; TGM Realty.

    Venture capital: Primus; Blue Chip Capital; NW Ohio Venture.

    Defined contribution managers:

    Domestic equities: Fidelity; Twentieth Century; Putnam; AIM: Janus;

    Growth Fund of America.

    International equities: Templeton.

    Domestic fixed-income: Nationwide Life; Bankers Trust; State Street Global.

    The global custodian is Chase.

    Key personnel overseeing the investment management of the fund are: Joel S. Buck, investment officer; Daniel Sarver, assistant investment officer-equities; Neil Toth, assistant investment officer-fixed income; and Mary Beth Shanahan, assistant investment officer-real estate.

    Overseeing the defined contribution plan are: Virginia Shimrock, executive director; Richard T. Wissler, assistant director-administration; and Paul Miller, assistant director-finance.

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