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January 26, 1998 12:00 AM

TOP 1,000 FUNDS

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    Pfizer Inc.

    ($ millions)

    Total assets 4,471

    Defined benefit 1,750

    401(k)/457 2,721

    Employer DB contributions 0

    Benefit payments 106

    Total DC contributions 120

    Defined benefit asset mix:

    Stocks 70%

    Fixed income 20%

    Cash equivalents 3%

    Real estate equity 3%

    Other 4%

    Defined contribution asset mix:

    Company stock 75%

    Other stock 12%

    Fixed income 11%

    Cash equivalents 2%

    NEW YORK - As of Sept. 30, Pfizer Inc.'s total employee benefit assets increased 35.4% from ayear earlier. Defined benefit assets increased 24.1% during the same period; Defined contribution assets increased 43.8%

    The employer contribution to the defined benefit plan remained at zero; benefits paid increased 21.8%.

    Defined benefit managers:

    Domestic equities: Forstmann-Leff; Reich & Tang; Iridian; Hotchkis & Wiley; Alliance; TCW; Columbus Circle.

    International equities: Bank of Ireland; Jennison; Hotchkis International; Bee & Associates; Sit/Kim International.

    Domestic fixed-income: PIMCO; Northern Trust.

    Real estate: AEW; Corporate Partners; Heitman.

    Other managers: TA Associates; Lazard Freres; Kelso; Hicks Muse; Ampersand.

    Defined contribution managers:

    Domestic equities and domestic fixed income: Northern Trust.

    The master trustee/custodian and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Daniel d'Orchimont, director-benefit financing; Daniel Reardon, manager-benefit financing; and Angelique Hunt, manager-benefit financing. Overseeing the defined contribution plan are Mr. d'Orchimont; Mr. Reardon; and Joan Hunt, assistant manager-benefit financing.

    Philip Morris Cos. Inc.

    ($ millions)

    Total assets 15,209

    Defined benefit 8,067

    Total defined contribution 7,142

    *401(k)/457 7

    Employer DB contributions 158

    Benefit payments 673

    Total DC contributions 159

    The fund uses:

    Stock options

    Fixed-income futures

    Swaps

    Defined benefit asset mix:

    Stocks 67%

    Fixed income 27%

    Private equity 2%

    Real estate equity 3%

    Mortgages 1%

    Defined contribution asset mix:

    Company stock 38%

    Other stock 31%

    Fixed income 5%

    GICs/BICs 24%

    Other 2%

    NEW YORK - As of Sept. 30, Philip Morris Cos. Inc.'s total employee benefit assets increased 23.3% from a year earlier. Defined benefit assets increased 19.1% during the same period; defined contribution assets increased 28.4%.

    Employer contributions to the defined benefit plan increased .5%; benefits paid increased 116.4%

    Defined benefit managers:

    Domestic equities: Alliance; Neuberger & Berman; Liberty; Bernstein; Wellington; Ardsley; State Street.

    International equities: State Street; Nomura; WorldInvest; Mercury; Morgan Stanley; Alliance; Ardsley.

    Domestic fixed-income: Fischer Francis; Reams; PIMCO; Loomis Sayles.

    International fixed-income: Mercury

    Real estate: Schroder; Zell; GE; Heitman; ABKB LaSalle; Newland.

    Other managers: Warburg Pincus; Fenway; Cypress; Oaktree; Madison Dearborn; GE; Sprout; Blackstone; Common Venture; John Hancock.

    Defined contribution managers:

    Domestic equities: Bankers Trust; American Century.

    International equities, domestic fixed-income and balanced: Bankers Trust.

    The master trustee/custodian for the defined benifit paln is State Street Bank. The master trustee/custodian for the defined contribution fund is Bankers Trust. The global custodian is State Street Bank.

    Key personnel overseeing the investment management of the fund are Mark Werner, vice president; Mary Lee Calimano, director equities; and Ron Lombardo, manager-fixed income and private markets. Mr. Werner and Ms. Calimano also oversee the defined contribution plan.

    PPG Industries Inc.

    ($ millions)

    Total assets 4,703

    Defined benefit 2,059

    *401(k)/457 2,644

    Employer DB contributions 0

    Benefit payments 106

    Total DC contributions 97

    The fund uses:

    Stock options

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 76%

    Fixed income 24%

    Defined contribution asset mix:

    Company stock 67%

    Other stock 10%

    Fixed income 3%

    GICs/BICs 20%

    PITTSBURGH - As of Sept. 30, PPG Industries Inc.'s total employee benefit assets increased 17% from a year earlier. Defined benefit assets increased 23% during the same period; defined contribution assets increased 13%.

    The company did not make a contribution to the defined benefit plan in the most recent plan year; contributions totaled $100 million in the previous plan year.

    Defined benefit managers:

    Domestic equities: BGI; Dimensional Fund Advisors.

    International equities: Sprucegrove; Capital International; Dimensional Fund Advisors.

    Domestic fixed-income: J.P. Morgan.

    Defined contribution managers:

    Domestic equities: Mellon Capital.

    Domestic fixed-income: Fidelity Management.

    Balanced: PanAgora.

    The master trustee/custodian and global custodian is Mellon Bank.

    Key personnel overseeing the investment management of the fund are Charles H. Elmer, director, benefits investment and financing; and William R. Dewalt, manager, benefits investment and financing. Joseph G. Zyra, manager, capital accumulation, oversees the defined contribution plan.

    Board of Pensions of the

    Presbyterian Church (USA)

    ($ millions)

    Total assets* 5,070

    Defined benefit 5,000

    Total defined contribution 70

    *According to Nelson's data

    Defined benefit asset mix:

    Stocks 64.6%

    Fixed income 34.4%

    Real estate equity 1.0%

    *From Nelson's Directory of Plan Sponsors

    PHILADELPHIA - As of Sept. 30, the employee benefit assets of the Board of Pensions of the Presbyterian Church (USA) increased 23% from a year earlier. The defined benefit assets rose 23%; defined contribution assets increased 40%.

    Defined benefit managers:

    Domestic equity: Alliance; BGI; Barrow Hanley; Capital Guardian; GeoCapital; Lazard; Lincoln; J.P. Morgan.

    International equity: Capital Guardian; Grantham Mayo van Oterloo; Templeton.

    Domestic fixed income: CoreStates; Dodge & Cox; PIMCO; Reams Asset; Smith, Graham; Standish Ayer.

    Real estate: CIGNA; Heitman; LaSalle; New England Development.

    Global allocation: TCW.

    Defined contribution managers: Vanguard.

    International equities: Rowe Price-Fleming.

    The master custodian is Mellon Trust.

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

    Procter & Gamble Co.

    ($ millions)

    Total assets* 17,187

    Defined benefit 187

    Total defined contribution 17,000

    *401(k)/457 271

    Employer DB contributions 0

    Benefit payments 11

    Total DC contributions 156

    *as of June 30

    The fund uses:

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 48.9%

    Fixed income 51.1%

    Defined contribution asset mix:

    Company stock 94%

    Other stock 2%

    Fixed income 1%

    GICs/BICs 1%

    Cash equivalents 2%

    CINCINNATI - As of June 30, Procter & Gamble Co.'s total employee benefit assets increased 47% from a year earlier. Defined benefit assets increased 10% during the same period; defined contribution assets increased 47%.

    Employer contributions to the defined benefit plan remained at zero; benefits paid increased 267%.

    Defined benefit managers:

    Domestic equities: J.P. Morgan; BGI; Denver Investment.

    International equities: Templeton.

    Domestic fixed-income: J.P. Morgan.

    Defined contribution managers: J.P. Morgan; BGI.

    Key personnel overseeing the investment management of both funds are C.C. Daley, vice president and treasurer; J.R. Lawhead, assistant treasurer; and R.T. Druffel, director-global pensions.

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