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January 20, 1997 12:00 AM

LARGEST EMPLOYEE BENEFIT FUNDS (PART 14/46)

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    Illinois State Board

    of Investment

    ($ millions)

    Total assets 5,544

    Defined benefit 5,544

    Employer DB contributions n/a

    Benefit payments n/a

    Internally managed assets:

    Defined benefit 1,729

    Defined benefit asset mix:

    Stocks 56.3%

    Fixed income 32.7%

    Cash equivalents 1.3%

    Real estate equity 4.4%

    Other 5.3%

    CHICAGO - As of Sept. 30, the Illinois State Board of Investment's total employee benefit assets, all defined benefit, increased 15.7% from June 30, 1995.

    Defined benefit managers:

    Domestic equities: Ariel; Chancellor; Cooke & Bieler; Disciplined Investment; Fidelity; Lincoln Capital; Newbold's; Sloate Weisman; Southeastern Asset; Marshall Plan; TCW; Valenzuela; Woodford.

    International/global equities: Brinson; Cursitor Eaton; Delaware; Templeton; Schroder; Walter Scott.

    Domestic fixed-income: Fidelity.

    Real estate: Aetna; AMLI; Cozad/Westchester; Heitman/JMB; TCW/Westmark; Zell/Merrill Lynch.

    Alternative investments: BCI Growth; Candover Partners; Cornerstone Equity; Corporate Advisors; Frontenac; Golder Thoma; Hancock Venture; Inroads Capital; InterWest Partners; KKR; Madison Dearborn; Menlo; Mesirow; Penman; Summit Partners; Warburg Pincus Ventures; Weiss Peck & Greer Venture Capital.

    The master custodian and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Jane Patterson, executive director; Scott Richards, senior portfolio manager-external investments; and Larry Darlington, senior fixed-income portfolio manager.

    Teachers' Retirement

    System of the State of

    Illinois

    ($ millions)

    Total assets* 15,362

    Defined benefit 15,362

    Employer DB contributions 330

    Benefit payments 1,116

    *as of June 30

    Internally managed assets:

    Defined benefit 125

    The fund uses:

    Stock options

    Bond options

    Stock index futures

    Fixed-income futures

    Short selling

    Managed futures

    Swaps

    Defined benefit asset mix:

    Stocks 40.2%

    Fixed income 36.9%

    Cash equivalents 6.8%

    Real estate equity 14.4%

    Mortgages 0.1%

    Other 1.6%

    SPRINGFIELD, Ill. - As of June 30, The Teachers' Retirement System of the State of Illinois' total employee benefit assets, all defined benefit, increased 14% from Sept. 30, 1995.

    Employer contributions to the defined benefit plan were unchanged; benefits paid increased 4.5%.

    Defined benefit managers:

    Domestic equities: Acorn Derivatives Management; Analytic/TSA; Ark; Bank of America; Brandywine; Brinson; First of America; Fiduciary Management; Hotchkis and Wiley; Lazard Freres; Lincoln Capital; Morgan Stanley; Munder; Oppenheimer; PIMCO; Paradigm; RCM; Sturdivant; Valenzuela; Zimmerman.

    International equities: Blairlogie; Brandywine; Brinson; Clay Finlay; Daiwa; Delaware Int'l; Hotchkis & Wiley; IDS Int'l; Pyrford Int'l; RCM; Scudder.

    Domestic fixed-income: American National Bank; Bear Stearns; Chicago Title & Trust; Lotsoff; W.R. Huff; PIMCO; Weiss, Peck & Greer.

    International fixed-income: Bear Stearns; Brinson; Delaware; Julius Baer; PIMCO; Schroders; Societe Generale.

    Real estate: LaSalle Advisors; Bear Stearns/Capital Associates; Capital Associates; Commonwealth Realty; DLJ Real Estate; Heitman Capital; K/B Realty; LPC Realty; Westmark; Stone-Levy; Cozad/Westchester.

    Alternative: Angelo, Gordon; Apex Investment; DLJ Merchant Banking; Fenchurch; Frontenac; Penman Asset; Sandler Capital; Trivest; Veronis Suhler; Weiss, Peck & Greer Venture.

    TAA: Brinson; Pyrford.

    Cash: Harris Investment; Hotchkis & Wiley; Atlantic Asset.

    Foreign exchange: A.G. Bisset; Pareto Partners; Zimmerman.

    The master custodian and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Donald Nesbitt, director of investments; Matthew Evans, director of real estate and alternatives; and Robert Daniels, executive director.

    State Universities

    Retirement System of Illinois

    ($ millions)

    Total assets 7,130

    Defined benefit 7,130

    Employer DB contributions 147

    Benefit payments 379

    The fund uses:

    Stock options

    Bond options

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 62%

    Fixed income 34%

    Real estate equity 4%

    CHAMPAIGN, Ill. - As of Sept. 30, the State Universities Retirement System of Illinois' total employee benefit assets, all defined benefit, increased 13% from a year earlier.

    Employer contributions increased 15%; benefits paid increased 10%.

    Defined benefit managers:

    Domestic equities: Barclays Global; PIMCO; Fayez Sarofim; Smith Barney.

    International equities: Barclays Global; Brinson; IDS; Martin Currie.

    Domestic fixed-income: Barclays Global; BlackRock; Chicago Trust; PIMCO; Standish Ayer & Wood; Zurich.

    Real estate: Equitable; RREEF.

    Venture capital: Brinson; Progress.

    The master and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Kenneth E. Codlin, chief investment officer, and John R. Krimmel, associate investment officer.

    Indiana Public Employees'

    Retirement Fund

    ($ millions)

    Total assets 7,200

    Defined benefit 7,200

    Employer DB contributions 246

    Benefit payments 210

    Defined benefit asset mix:

    Fixed income 100%

    INDIANAPOLIS - As of Sept. 30, the Indiana Public Employees' Retirement Fund's total employee benefit assets increased 31% from June 30, 1995. All assets are defined benefit.

    Employer contributions to the defined benefit plan increased 31%; benefits paid increased 13%.

    Defined benefit managers:

    Domestic fixed-income: Prime Capital; Reams; Conseco; HM Capital; Bank One, NBD; Harris Trust; J.P. Morgan; Hughes Capital; WR Lazard; NCM; Taplin Canida; Pacific Income; Danson & Neuhar.

    The master trustees are National City Bank and Bank One.

    The key person overseeing the investment management of the fund is Garth Dickey, director.

    Indiana State Teachers'

    Retirement Fund

    ($ millions)

    Total assets 3,440

    Defined benefit 3,440

    Employer DB contributions n/a

    Benefit payments 370

    Defined benefit asset mix:

    Fixed income 96%

    Cash equivalents 4%

    INDIANAPOLIS - As of Sept. 30, Indiana State Teacher's Retirement Fund's total employee benefit assets, all defined benefit, increased 11.8% from a year earlier.

    Benefits paid increased 8.2%.

    Defined benefit managers:

    Domestic fixed-income: Alliance Capital; BankOne; Bank of New York; Baxter Capital; NBD Bank; Todd Investment Advisors; Merchants Capital; Baxter Capital; Reams Asset Management; Taplin, Canida & Habacht.

    The master custodian is National City Bank.

    Key personnel overseeing the investment management of the fund is Robert D. Newland, investment analyst.

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