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January 26, 1998 12:00 AM

TOP 1,000 FUNDS

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    Texaco Inc.

    ($ millions)

    Total assets 5,000

    Defined benefit 1,700

    Total defined contribution 3,300

    Employer DB contributions 75

    Total DC contributions 120

    The fund uses:

    Stock index futures

    Defined benefit asset mix:

    Stocks 70%

    Fixed income 24%

    Cash equivalents 1%

    Real estate equity 5%

    Defined contribution asset mix:

    Company stock 52%

    Other stock 26%

    Fixed income 5%

    Cash equivalents 14%

    Other 3%

    WHITE PLAINS, N.Y. - As of Sept. 30, Texaco Inc.'s total employee benefit assets increased 24% from a year earlier. Defined benefit assets increased 20% during the same period; defined contribution assets increased 26%.

    Employer contributions to the defined benefit plan decreased 25%.

    Defined contribution manager: Vanguard.

    The master trustee/custodian is Chase Manhattan.

    Texas County & District

    Retirement System

    ($ millions)

    Total assets 5,227

    Defined benefit 5,227

    Employer DB contributions 312

    Benefit payments 296

    Internally managed assets 5,227

    Defined benefit asset mix:

    Fixed income 100%

    AUSTIN, Texas - As of Sept. 30, the Texas County & District Retirement System's employee benefit assets increased 8%. All assets are defined benefit.

    Employer contributions plan increased 99%.

    The master trustee/custodian is Mellon Trust.

    The key person overseeing the investment management of the fund is Ron Schultz, investment officer.

    Employees Retirement

    System of Texas

    ($ millions)

    Total assets 16,432

    Defined benefit 15,794

    Defined contribution* 638

    *P&I estimate

    Internally managed assets:

    Defined benefit 5,486

    The fund uses:

    Swaps

    Defined benefit asset mix:

    Stocks 48.7%

    Fixed income 48.7%

    Cash equivalents 2.6%

    AUSTIN, Texas - As of Sept. 30, the Employees Retirement System of Texas' total employee benefit assets increased an estimated 21% from a year earlier. Defined benefit asset increased 21%.

    Defined benefit managers:

    Domestic equities: Montag & Caldwell; Sanford C. Bernstein.

    International equities: Morgan Stanley.

    Domestic fixed-income: Miller Anderson Sherrerd; Brinson.

    The master trustee/custodian and global custodian is Chase Manhattan Bank.

    Key personnel overseeing the investment management of the fund are Kathy Reissman, interim investments manager; Jim Sherwin, senior investments officer; and Jay Holland, international portfolio manager.

    Texas Municipal

    Retirement System

    ($ millions)

    Total assets 6,400

    Total defined contribution 6,400

    Internally managed assets 6,400

    Defined contribution asset mix:

    Stock 1.5%

    Fixed income 95%

    Cash equivalents 3.5%

    AUSTIN, Texas - As of Sept. 30, the Texas Municipal Retirement System's total employee benefit assets, all defined contribution assets, increased 18.5% from a year earlier.

    The master custodian is Chase.

    Key personnel overseeing the investment management of the plan are Preston G. Craig, investment officer, and Gary W. Anderson, director.

    Teacher Retirement System

    of Texas

    ($ millions)

    Total assets 64,221

    Defined benefit 64,221

    Employer DB contributions 956

    Benefit payments 2,209

    Internally managed assets 64,221

    The fund uses:

    Stock options

    Bond options

    Defined benefit asset mix:

    Stocks 63.5%

    Fixed income 32.5%

    Cash equivalents 2.0%

    Real estate equity 0.4%

    Mortgages 1.5%

    Other 0.1%

    AUSTIN, Texas - As of Sept. 30, Teacher Retirement System of Texas's total employee pension assets, which consists solely of a defined benefit fund, increased 24.3% from a year earlier.

    Defined benefit managers:

    Real estate (advisory only): GE Capital; L.J. Melody; LaSalle Partners.

    Partnerships (advisory only): Texas Growth Fund.

    The master custodian and global custodian is Northern Trust.

    Key personnel overseeing the investment management of the fund are Martin J. Walker, chief investment officer; Bennett Woodward, core investment officer; Michael Brakebill, midcap investment officer; and James Hille, international investment officer.

    Textron Inc.

    ($ millions)

    Total assets 5,991

    Defined benefit 4,081

    Total defined contribution 1,910

    *401(k)/457 1,845

    Employer DB contributions 5

    Benefit payments 212

    Total DC contributions 101

    Defined benefit asset mix:

    Stocks 59.4%

    Fixed income 30.5%

    Cash equivalents 0.9%

    Real estate equity 5.5%

    Other 3.7%

    Defined contribution asset mix:

    Company stock 80.9%

    Other stock 8.9%

    Fixed income 2.0%

    GICs/BICs 7.9%

    Other 0.3%

    PROVIDENCE, R.I. - As of Sept. 30, Textron Inc.'s total employee benefit assets increased 21% from a year earlier. Defined benefit assets increased 15% during the same period; defined contribution increased 36%.

    Employer contributions to the defined benefit plan decreased 50%; benefits paid increased 9%.

    Defined benefit managers:

    Domestic equities: Fidelity; Delaware Investment; Sanford C. Bernstein; Putnam; BGI; David L. Babson; Loomis Sayles.

    International equities: Lazard Freres.

    Domestic fixed-income: Phoenix Duff & Phelps; Income Research & Management; Loomis Sayles; TCW; Putnam; BGI.

    Real estate: RREEF.

    Other managers: Dorrance Street Capital.

    Defined contribution managers:

    Domestic equities: Delaware Investment; State Street Global; BGI.

    Domestic fixed-income: Putnam; Phoenix Duff & Phelps.

    Real estate: RREEF.

    The master trustee/custodian and global custodian is State Street.

    Key personnel overseeing the investment management of the fund are Deborah A. Imondi, assistant treasurer; Louise A. Fortin, director, pension investments; and Edward C. Arditte, treasurer and senior vice president. Overseeing the defined contribution plan are Ronald A. St. Pierre, manager, benefits administration; and Ms. Imondi.

    Travelers Insurance

    ($ millions)

    Total assets* 4,214

    Defined benefit 2,760

    Total defined contribution 1,454

    *Pensions & Investments estimate

    HARTFORD, Conn. - As of Sept. 30, P&I estimates the employee benefit assets of Travelers Insurance totaled $4.214 billion. The estimate is based on the $3.5 billion estimated as of a year earlier.

    TRW Inc.

    ($ millions)

    Total assets 5,599

    Defined benefit 3,158

    Total defined contribution 2,441

    Employer DB contributions 9

    Benefit payments 166

    Total DC contributions 141

    Internally managed assets:

    Defined benefit 84

    The fund uses:

    Stock index futures

    Fixed-income futures

    Defined benefit asset mix:

    Stocks 58.0%

    Fixed income 31.6%

    Cash equivalents 2.6%

    Real estate equity 7.8%

    Defined contribution asset mix:

    Company stock 47.8%

    Other stock 30.7%

    Fixed income 1.0%

    GICs/BICs 20.5%

    CLEVELAND - As of Sept. 30, TRW Inc.'s total employee benefit assets increased 16.6% from a year earlier. Defined benefit assets increased 15% during the same period; defined contribution assets increased 18%.

    Employer contributions to the defined benefit plan decreased 31%; benefits paid increased 26%.

    Defined benefit managers:

    Domestic equities: Sanford C. Bernstein; Boston Co.; Chancellor; Fiduciary Asset; Goldman Sachs; J.P. Morgan; Provident; WestPeak; Investment Counselors of Maryland; Pilgrim Baxter.

    International equities: Baring; Bernstein; J.P. Morgan; LSV; Morgan Grenfell; State Street Global.

    Domestic fixed-income: Hoisington; PIMCO.

    Global fixed-income: J.P. Morgan; Morgan Grenfell.

    Real estate: Campbell-Radnor; Cohen & Steers; DRA; Heitman; Schroder.

    Cash: Boston Asset.

    Defined contribution manager: Bankers Trust.

    The master trustee/custodian and global custodian is Boston Safe Deposit.

    Key personnel overseeing the investment management of the fund are Robert M Hamje, president and chief investment officer of TRW Investment Management, and Bruce L. Dirks, director, investments. Overseeing the defined contribution plan is Wil Steigerwald, manager.

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