British Petroleum executives have
decided Amoco's trust investments staff
will oversee BP Amoco's $11.9 billion
in U.S. employee benefit assets,
sources say. The move probably means
pension executives at BP America will
lose their jobs, and BP's external
money managers will face a review by
Amoco's Chicago staff. The change would
take effect after the merger of BP and
Amoco is finalized. Both Marvin L.
Damsma, director, trust investments for
Amoco, and Howard W. Harpster,
director-pension investments for BP
America, declined comment.