RETIREMENT SYSTEMS INVESTORS INC
13F-E/A, 1998-06-15
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                       SECURITIES AND EXCHANGE COMMISSION                                                                         
                                   FORM 13F-E                                                                                     
                                                                                                                                  
                                                                                                                                  
Report for the Calendar Year or Quarter Ended:    09/30/97      AMENDMENT 01                                                      
                                                                                                                                  
                                                                                                                                  
Institutional Investment Manager:                                                                                                 
                                                                                                                                  
RETIREMENT SYSTEM INVESTORS INC.                                                                                                  
317 MADISON AVENUE                                                                                                                
NEW YORK                                          NY            10017                                                             
                                                                                                                                  
                                                                                                                                  
     I represent  that I am authorized to submit the attached Forms and that all                                                  
information on these Forms is true, correct and complete,  and I understand that                                                  
all required  items,  statements and schedules are integral parts of these Forms                                                  
and that the submission of any amendment  represents  that all unamended  items,                                                  
statements  and  schedules  remain  true,  correct and  complete  as  previously                                                  
submitted.                                                                                                                        
                                                                                                                                  
I am signing this report as required by the Securities Exchange Act of 1934.                                                      
                                                                                                                                  
                                                                                                                                  
Name, Title and Telephone Number of Person Submitting Report:                                                                     
                                                                                                                                  
    STEPHEN P. POLLAK              VICE PRESIDENT               212-503-0150                                                      
                                                                                                                                  
                                                                                                                                  
Signature, Place and Date of Signing:                                                                                             
                                                                                                                                  
/s/ STEPHEN P. POLLAK              NEW YORK                     NY    JUNE 11, 1998                                               
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   2                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
ALLIEDSIGNAL INC               COM              019512102     7680   180700 SH        7680              7680                      
ALLSTATE CORP                  COM              020002101     7153    89000 SH        7153              7153                      
ALUMINUM CO AMER               COM              022249106     1197    14600 SH        1197              1197                      
AMOCO CORP                     COM              031905102     3701    38400 SH        3701              3701                      
ARMSTRONG WORLD INDS INC       COM              042476101     6378    95100 SH        6378              6378                      
BANKAMERICA CORP               COM              066050105     5498    75000 SH        5498              5498                      
BRISTOL MYERS SQUIBB CO        COM              110122108     1845    22300 SH        1845              1845                      
BRITISH PETE PLC               COM              110889409     1536    17521 SH        1536              1536                      
CADENCE DESIGN SYSTEM INC      COM              127387108     1482    27700 SH        1482              1482                      
CARMIKE CINEMAS INC            COM              143436103      744    24800 SH         744               744                      
CHASE MANHATTAN CORP           COM              16161A108     5813    49264 SH        5813              5813                      
CHRYSLER CORP                  COM              171196108      836    22700 SH         836               836                      
CINCINNATI MILACRON INC        COM              172172108     1282    47700 SH        1282              1282                      
CINERGY CORP                   COM              172474108     1134    33900 SH        1134              1134                      
CISCO SYS INC                  COM              17275R102     2031    27800 SH        2031              2031                      
CITICORP                       COM              173034109     7206    53800 SH        7206              7206                      
COMPUTER ASSOC INTL INC        COM              204912109     4693    65350 SH        4693              4693                      
DEERE & CO                     COM              244199105     2838    52800 SH        2838              2838                      
DIAMOND OFFSHORE DRILLING INC  COM              25271C102     2058    37300 SH        2058              2058                      
DOLE FOOD INC                  COM              256605106     3019    66800 SH        3019              3019                      
DRESSER INDS INC               COM              261597108     7168   166700 SH        7168              7168                      
DU PONT E I DE NEMOURS & CO    COM              263534109     6249   101500 SH        6249              6249                      
E M C CORP MASS                COM              268648102     3567    61100 SH        3567              3567                      
EMERSON ELEC CO                COM              291011104     7284   126400 SH        7284              7284                      
EXXON CORP                     COM              302290101     1153    18000 SH        1153              1153                      
FEDERAL NATL MTG ASSN          COM              313586109    10603   225600 SH       10603             10603                      
FEDERATED DEPT STORES INC DEL  COM              31410H101     1294    30000 SH        1294              1294                      
GENERAL ELEC CO                COM              369604103     6235    91600 SH        6235              6235                      
GENERAL MTRS CORP              COM              370442105      756    11300 SH         756               756                      
GTE CORP                       COM              362320103     8009   176500 SH        8009              8009                      
HARTFORD LIFE                  COM              416592103      554    14400 SH         554               554                      
HEWLETT PACKARD CO             COM              428236103     6261    90000 SH        6261              6261                      
INGERSOLL RAND COMPANY         COM              456866102     4392   102000 SH        4392              4392                      
INTEL CORP                     COM              458140100    14484   156800 SH       14484             14484                      
INTERNATIONAL BUSINESS MACHS COCOM              459200101     6261    59100 SH        6261              6261                      
JOHNSON & JOHNSON              COM              478160104    13634   236600 SH       13634             13634                      
KEMET CORP                     COM              488360108      793    26100 SH         793               793                      
KMART FING I                   PFD              498778208     1076    18400 SH        1076              1076                      
LEXMARK INTL GROUP INC         COM              529771107      911    27600 SH         911               911                      
LOCKHEED MARTIN CORP           COM              539830109    14170   132900 SH       14170             14170                      
LUCENT TECHNOLOGIES INC        COM              549463107     4374    53745 SH        4374              4374                      
MANOR CARE INC                 COM              564054104      475    14300 SH         475               475                      
MARTIN MARIETTA MATLS          COM              573284106      792    22000 SH         792               792                      
MCI COMMUNICATIONS CORP        COM              552673105      434    14800 SH         434               434                      
MEDUSA CORP                    COM              585072309     1014    21300 SH        1014              1014                      
MELLON BK CORP                 COM              585509102     1664    30400 SH        1664              1664                      
MERCK & CO INC                 COM              589331107     7275    72800 SH        7275              7275                      
MORGAN J P & CO INC            COM              616880100     5352    47100 SH        5352              5352                      
MYLAN LABS INC                 COM              628530107      496    22100 SH         496               496                      
NICOR INC                      COM              654086107      938    25000 SH         938               938                      
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   3                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
ORACLE CORP                    COM              68389X105     9139   250800 SH        9139              9139                      
PEOPLES ENERGY CORP            COM              711030106      543    14400 SH         543               543                      
PFIZER INC                     COM              717081103     5502    91600 SH        5502              5502                      
PHILIP MORRIS COS INC          COM              718154107     4572   110000 SH        4572              4572                      
POTASH CORP OF SASK INC        COM              73755L107     3784    48200 SH        3784              3784                      
PROCTER & GAMBLE CO            COM              742718109     2196    31800 SH        2196              2196                      
ROYAL BK CDA MONTREAL QUE      COM              780087102      492    10000 SH         492               492                      
ROYAL DUTCH PETE CO            COM              780257804     8880   160000 SH        8880              8880                      
SEAGATE TECHNOLOGY             COM              811804103      535    14800 SH         535               535                      
SEARS ROEBUCK & CO             COM              812387108      615    10800 SH         615               615                      
SNAP ON TOOLS                  COM              833034101     1732    37600 SH        1732              1732                      
SOUTHDOWN INC                  COM              841297104     1136    20800 SH        1136              1136                      
SUN MICROSYSTEMS INC           COM              866810104      888    19000 SH         888               888                      
SUNAMERICA  PREFERRED          PFD              866930860     3915    85350 SH        3915              3915                      
SUNAMERICA INC                 COM              866930100     1973    50350 SH        1973              1973                      
TELLABS INC                    COM              879664100     2544    49400 SH        2544              2544                      
TENET HEALTHCARE CORP          COM              88033G100     1083    37175 SH        1083              1083                      
TEXACO INC                     COM              881694103     8134   132400 SH        8134              8134                      
TOSCO CORP                     COM              891490302      898    25800 SH         898               898                      
TRAVELERS GROUP INC            COM              894190107     2280    33400 SH        2280              2280                      
U S WEST INC                   COM              912889102     1170    30400 SH        1170              1170                      
ULTRAMAR - DIAMOND SHAMROCK    COM              904000106      336    10400 SH         336               336                      
US WEST MEDIA GROUP            COM              912889201      587    26300 SH         587               587                      
WASHINGTON WTR PWR CO          COM              940688104      810    40500 SH         810               810                      
WERNER ENTERPRISES INC         COM              950755108      273    11200 SH         273               273                      
XEROX CORP                     COM              984121103     8747   103900 SH        8747              8747                      
REPORT SUMMARY                 76 DATA RECORDS              278556            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED    
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