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January 20, 1997 12:00 AM

LARGEST EMPLOYEE BENEFIT FUNDS (PART 22/46)

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    Mississippi Public

    Employees Retirement

    System

    ($ millions)

    Total assets* 9,933

    Defined benefit 9,627

    457 306

    Employer DB contributions 350

    Benefit payments 463

    Total DC contributions 31

    *as of June 30

    Internally managed assets:

    Defined benefit 140

    Defined benefit asset mix:

    Stocks 54.3%

    Fixed income 44.4%

    Cash equivalents 1.3%

    Defined contribution asset mix:

    Stock 44.3%

    Fixed income 4.1%

    GICs/BICs 47.5%

    Cash equivalents 0.5%

    Asset allocation fund 3.3%

    Other 0.3%

    JACKSON, Miss. - As of June 30, Mississippi Public Employee Retirement System's total employee benefit assets increased 10% from a year earlier. Defined benefit assets increased 10% during the same period; defined contribution assets increased 22%.

    Employer contributions to the defined benefit plan increased 6%; benefits paid increased 18%.

    Defined benefit managers:

    Domestic equities: INVESCO; Fayez Sarofim; Bankers Trust; GEO Capital; DFA; Denver Investment.

    International equities: Lazard Freres; Brinson; Scudder Stevens & Clark.

    Domestic fixed-income: PIMCO; Nicholas-Applegate; Morgan Grenfell; Brinson; Barclays Global; Mellon Bond.

    Defined contribution managers:

    Domestic equities: Fayez Sarofim; Aetna.

    International equities: T. Rowe Price.

    Domestic fixed-income: Barclays Global.

    Balanced: Fidelity.

    GICs/BICs: Nationwide; Aetna.

    The master custodian and global custodian is State Street Bank.

    Key personnel overseeing the investment management of the fund are Lorrie Tingle, deputy director - investments; Gary Morgan, investment analyst; and Cindy Case, investment accountant. Overseeing the defined contribution plan are Frank Ready, executive director; Denise Mounger, deputy director, membership services; and Ms. Tingle.

    Public School Retirement

    System of Missouri

    ($ millions)

    Total assets 12,510

    Defined benefit 12,510

    Employer DB contributions 239

    Benefit payments 350

    Defined benefit asset mix:

    Stocks 52.7%

    Fixed income 46.7%

    Cash equivalents 0.6%

    JEFFERSON CITY, Mo. - As of Sept. 30, the Public School Retirement System of Missouri's employee benefit assets increased 11.8% from a year earlier. All assets are defined benefit.

    Employer contributions to the defined benefit plan increased 12.7%; benefits paid increased 16.3%.

    Defined benefit managers:

    Domestic equities: Alliance Capital; Ark Asset; Brinson; Thomson, Horstmann; Dimensional Fund; State Street Global.

    International equities: Bank of Ireland; Oechsle International; State Street Global.

    Domestic fixed-income: BlackRock; NISA; Boatmen's; State Street Global.

    The master and global custodian is State Street Bank.

    Key personnel overseeing the investment management of the fund are M. Steve Yoakum, executive director; Mark A. Caplinger, senior investment officer; and John A. Tuck, investment officer.

    Missouri State Employees'

    Retirement System

    ($ millions)

    Total assets 3,318

    Defined benefit 3,318

    Employer DB contributions* 14

    Benefit payments* 15

    *as of June 30, 1996

    Internally managed assets:

    Defined benefit 400

    The fund uses:

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 68.8%

    Fixed income 28.2%

    Cash equivalents 0.9%

    Real estate equity 1.1%

    Other 1.0%

    JEFFERSON CITY, Mo. - As of Sept. 30, the Missouri State Employees' Retirement System's total employee benefit assets, all of which are defined benefit, increased 12% from a year earlier.

    Employer contributions to the defined benefit plan decreased 87%; benefits paid decreased 85%.

    Defined benefit managers:

    Domestic equities: Wilshire; Conning; Woodford-Gayed; IAI; Capital Guardian; SENECA; Kennedy.

    International equities: Silchester; Bankers Trust; Morgan Grenfell.

    Domestic fixed-income: BlackRock; Boatmen's; Hoisington.

    Real estate: TCW

    Other: Brinson.

    The master custodian and global custodian is Bankers Trust.

    The key person overseeing the investment management of the fund is Richard Dahl, chief investment officer.

    Mobil Corp.

    ($ millions)

    Total assets 6,650

    Defined benefit 2,270

    Total defined contribution 4,380

    Employer DB contributions 0

    Benefit payments 315

    Total DC contributions 200

    Defined benefit asset mix:

    Stocks 53%

    Fixed income 35%

    Cash equivalents 9%

    Other 3%

    Defined contribution asset mix:

    Company stock 54%

    Other stock 21%

    Fixed income 2%

    GICs/BICs 18%

    Cash equivalents 3%

    Other 2%

    FAIRFAX, Va. - As of Sept. 30, Mobil Corp.'s total employee benefit assets increased 4% from June 30, 1995. Defined benefit assets decreased 9% during the same period; defined contribution assets increased 11%.

    Defined benefit managers:

    Domestic equities: Capital Guardian; Alliance; Jennison; Fayez Sarofim.

    International equities: GMO International; Oechsle; Morgan Stanley; Capital; Templeton.

    Domestic fixed-income: State Street Research; PIMCO; J.P. Morgan; Loomis.

    International fixed-income: Strategic; Mercury.

    OTHER: MORGAN STANLEY. DEFINED CONTRIBUTION MANAGERS: DOMESTIC EQUITIES: AIM; JENNISON; MERRIL LYNCH; MFS. INTERNATIONAL EQUITIES: TEMPLETON. DOMESTIC FIXED-INCOME: FRANKLIN. BALANCED: MERRILL LYNCH.

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