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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/94
Institutional Investment Manager:
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
ONE STATE FARM PLAZA
BLOOMINGTON IL 61710
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION
IN THIS FORM AND THE ATTACHMENTS TO IT IS TRUE, CORRECT AND COMPLETE, AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL
PARTS OF THIS FORM 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:
WILLIAM J. HESS SR. ASST. INVEST. COUNSEL 309-766-2302
Signature, Place and Date of Signing:
/s/ WILLIAM J. HESS BLOOMINGTON IL 08/11/94
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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
A D C TELECOMMUNICATIONS COM 000886101 132575 3293774 SH SOLE 3293774
AT&T CORP COM 001957109 379049 6970995 SH SOLE 6970995
ABBOTT LABS COM 002824100 171494 5913600 SH SOLE 5913600
ADVANCED TECHNOLOGIES LABS INC COM 00755N106 1503 235728 SH SOLE 235728
AFFYMAX N V COM 008267106 4720 377635 SH SOLE 377635
AGOURON PHARMACEUTICALS INC COM 008488108 4500 400000 SH SOLE 400000
AHMANSON H F & CO COM 008677106 53475 2833100 SH SOLE 2833100
AIR PRODS & CHEMS INC COM 009158106 317254 7486800 SH SOLE 7486800
AIRTOUCH COMMUNICATIONS INC COM 00949T100 130561 5526348 SH SOLE 5526348
ALLERGAN INC COM 018490102 97005 4485700 SH SOLE 4485700
AMERITECH CORP NEW COM 030954101 181856 4760020 SH SOLE 4760020
AMP INC COM 031897101 66958 970400 SH SOLE 970400
AMOCO CORP COM 031905102 162192 2851728 SH SOLE 2851728
AMSOUTH BANCORPORATION COM 032165102 50690 1615600 SH SOLE 1615600
APPLE COMPUTER INC COM 037833100 37365 1410000 SH SOLE 1410000
APTARGROUP INC COM 038336103 12694 557966 SH SOLE 557966
ARCHER DANIELS MIDLAND CO COM 039483102 543467 23262160 SH SOLE 23262160
ATLANTIC RICHFIELD CO COM 048825103 104092 1018000 SH SOLE 1018000
BRE PROPERTIES INC CL A 05564E106 73790 2409479 SH SOLE 2409479
BALLARD MED PRODS COM 058566100 6123 604751 SH SOLE 604751
BANC ONE CORP COM 059438101 58924 1720412 SH SOLE 1720412
BANCORP HAWAII INC COM 059685107 69476 2179639 SH SOLE 2179639
BANPONCE CORP NEW COM 066704107 54026 1731421 SH SOLE 1731421
BATTLE MTN GOLD CO COM 071593107 30394 2965350 SH SOLE 2965350
BATTLE MTN GOLD CO PFD CONV $3.25 071593305 3063 50000 SH SOLE 50000
BAXTER INTL INC COM 071813109 167027 6362897 SH SOLE 6362897
BELL ATLANTIC CORP COM 077853109 159600 2850000 SH SOLE 2850000
BELLSOUTH CORP COM 079860102 22971 372000 SH SOLE 372000
BETZ LABS INC COM 087779104 10594 250000 SH SOLE 250000
BIOMET INC COM 090613100 65590 6322000 SH SOLE 6322000
BIOTECHNICA INTL INC COM 090915109 511 1818182 SH SOLE 1818182
BOISE CASCADE CORP COM 097383103 10509 475000 SH SOLE 475000
BROOKTREE CORP COM 114577109 12252 3500508 SH SOLE 3500508
BROWN TOM INC COM NEW 115660201 32745 2220000 SH SOLE 2220000
CBI INDS INC COM 124800103 12869 459600 SH SOLE 459600
CIPSCO INC COM 125539106 2634 103315 SH SOLE 103315
CABLE & WIRELESS PUB LTD CO SPONSORED ADR 126830207 13317 715000 SH SOLE 715000
CAMPBELL SOUP CO COM 134429109 85765 2495000 SH SOLE 2495000
CAPITAL CITIES ABC INC COM 139859102 598944 8421000 SH SOLE 8421000
CAROLINA PWR & LT CO COM 144141108 46338 2003800 SH SOLE 2003800
CATERPILLAR INC DEL COM 149123101 143000 1430000 SH SOLE 1430000
CENTRAL & SOUTH WEST CORP COM 152357109 74312 3497000 SH SOLE 3497000
CENTRAL LA ELEC INC COM NEW 153897608 22551 959600 SH SOLE 959600
CHASE MANHATTAN CORP COM 161610100 32580 851760 SH SOLE 851760
CHECKPOINT SYS INC COM 162825103 5063 300000 SH SOLE 300000
CHEMEX PHARMACEUTICALS INC NIB WT EXP 033195 163610181 6 66660 SH SOLE 66660
CHEMEX PHARMACEUTICALS INC COM PAR $0.04 163610306 88 100000 SH SOLE 100000
CHEVRON CORPORATION COM 166751107 301743 7205800 SH SOLE 7205800
CHIRON CORP COM 170040109 53984 986000 SH SOLE 986000
CLINTRIALS RESEARCH INC COM 188767107 1575 200000 SH SOLE 200000
<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
COCA COLA CO COM 191216100 101156 2490000 SH SOLE 2490000
CODENOLL TECHNOLOGY CORP COM 191900109 403 460600 SH SOLE 460600
COEUR D ALENE MINES CORP IDAHO COM 192108108 4564 245070 SH SOLE 245070
CONSOLIDATED PAPERS INC COM 209759109 8750 200000 SH SOLE 200000
COOPER INDS INC COM 216669101 33377 1467100 SH SOLE 1467100
CORNING INC COM 219350105 327526 10039100 SH SOLE 10039100
CYPRUS AMAX MINERALS CO COM 232809103 3350 112628 SH SOLE 112628
DEP CORP CL A 233202209 280 106750 SH SOLE 106750
DEP CORP CL B 233202308 294 106750 SH SOLE 106750
DELTA & PINE LD CO COM 247357106 2820 160000 SH SOLE 160000
DELTA AIR LINES INC DEL COM 247361108 49775 1100000 SH SOLE 1100000
DEXTER CORP COM 252165105 30964 1276873 SH SOLE 1276873
DISNEY WALT CO DEL COM 254687106 114885 2760000 SH SOLE 2760000
DONALDSON INC COM 257651109 16932 756750 SH SOLE 756750
DONNELLEY R R & SONS CO COM 257867101 48141 1734800 SH SOLE 1734800
DOW CHEM CO COM 260543103 122251 1870000 SH SOLE 1870000
DUKE POWER CO COM 264399106 146933 4110000 SH SOLE 4110000
DYNAMICS CORP AMER COM 268039104 401 28662 SH SOLE 28662
ELCOR CORP COM 284443108 12250 500000 SH SOLE 500000
EMERSON ELEC CO COM 291011104 56330 990410 SH SOLE 990410
ENGELHARD CORP COM 292845104 162793 6447262 SH SOLE 6447262
ENVIROTEST SYS CORP CL A 29409W105 520 42420 SH SOLE 42420
EQUITABLE GAS CO SUB DB CV 9.5%06 294497AJ1 3720 1200000 PRN SOLE 1200000
EQUITABLE RES INC COM 294549100 46474 1351968 SH SOLE 1351968
ERICSSON L M TEL CO ADR CL B SEK10 294821400 55014 1110000 SH SOLE 1110000
EXXON CORP COM 302290101 327021 5762500 SH SOLE 5762500
FASTENAL CO COM 311900104 3375 100000 SH SOLE 100000
FIBREBOARD CORP NEW COM 315712109 1947 77883 SH SOLE 77883
FIFTH THIRD BANCORP COM 316773100 4964 95000 SH SOLE 95000
FIRST EMPIRE ST CORP COM 320076102 46950 300000 SH SOLE 300000
FIRST SEC CORP DEL COM 336294103 12432 425000 SH SOLE 425000
FIRST VA BANKS INC COM 337477103 19076 517300 SH SOLE 517300
GATX CORP COM 361448103 128499 3172800 SH SOLE 3172800
GTE CORP COM 362320103 51770 1670000 SH SOLE 1670000
GANTOS INC COM 364735100 719 250000 SH SOLE 250000
GENERAL ELEC CO COM 369604103 156306 3352384 SH SOLE 3352384
GILLETTE CO COM 375766102 68056 1045000 SH SOLE 1045000
GOLDEN WEST FINL CORP DEL COM 381317106 74766 1935700 SH SOLE 1935700
GREAT LAKES CHEM CORP COM 390568103 245852 4542300 SH SOLE 4542300
HAWAIIAN ELEC INDUSTRIES COM 419870100 15717 507000 SH SOLE 507000
HEILIG MEYERS CO COM 422893107 61506 2267493 SH SOLE 2267493
HELMERICH & PAYNE INC COM 423452101 54704 2064300 SH SOLE 2064300
HEWLETT PACKARD CO COM 428236103 352171 4680000 SH SOLE 4680000
HON INDS INC COM 438092108 79299 2883600 SH SOLE 2883600
HUNTINGDON INTL HLDG PLC ADR 445891203 4617 803000 SH SOLE 803000
IDAHO POWER CO COM 451380109 32050 1408800 SH SOLE 1408800
ILLINOIS TOOL WKS INC COM 452308109 186841 4790800 SH SOLE 4790800
IMMUNE RESPONSE CORP DEL COM 45252T106 11286 1128572 SH SOLE 1128572
IMPERIAL HOLLY CORP COM 452835101 646 77127 SH SOLE 77127
INDUSTRIAL TECHNOLOGIES INC COM 456360106 172 137975 SH SOLE 137975
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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
INGERSOLL RAND CO COM 456866102 12297 350100 SH SOLE 350100
INTEL CORP COM 458140100 271733 4645000 SH SOLE 4645000
INTERNATIONAL BUSINESS MACHS COM 459200101 235247 4004198 SH SOLE 4004198
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 243777 6230700 SH SOLE 6230700
INTUIT COM 461202103 3325 100000 SH SOLE 100000
IPALCO ENTERPRISES INC COM 462613100 30012 1039400 SH SOLE 1039400
JOHNSON & JOHNSON COM 478160104 365543 8525800 SH SOLE 8525800
JOSLYN CORP COM 481070100 8404 329550 SH SOLE 329550
JOSTENS INC COM 481088102 35176 2181398 SH SOLE 2181398
KN ENERGY INC COM 482620101 31705 1424965 SH SOLE 1424965
KELLOGG CO COM 487836108 252028 4635000 SH SOLE 4635000
KIMBERLY CLARK CORP COM 494368103 31726 600000 SH SOLE 600000
KOPIN CORP COM 500600101 2679 214285 SH SOLE 214285
KUBOTA CORP ADR 501173207 3364 23200 SH SOLE 23200
LTV CORP NEW COM 501921100 1176 76461 SH SOLE 76461
LTV CORP NEW WT A EX 062898 501921126 4 1012 SH SOLE 1012
LATTICE SEMICONDUCTOR CORP COM 518415104 24445 2625000 SH SOLE 2625000
LECHTERS CORP COM 523238103 5700 400000 SH SOLE 400000
LEE ENTERPRISES INC COM 523768109 3590 112200 SH SOLE 112200
LIBERTY BANCORP INC OKLA COM 530175108 20323 645161 SH SOLE 645161
LIBERTY NATL BANCORP INC COM 530792100 21390 690000 SH SOLE 690000
LIFE TECHNOLOGIES INC COM 532177201 3634 196407 SH SOLE 196407
LILLY ELI & CO COM 532457108 261444 4596800 SH SOLE 4596800
LINEAR TECHNOLOGY CORP COM 535678106 76261 1733200 SH SOLE 1733200
LONE STAR INDS INC WT EXP 123100 542290119 614 89323 SH SOLE 89323
LONE STAR INDS INC COM NEW 542290408 263 17519 SH SOLE 17519
LOUISIANA PAC CORP COM 546347105 71262 2336454 SH SOLE 2336454
MBNA CORP COM 55262L100 61425 2730000 SH SOLE 2730000
MCI COMMUNICATIONS CORP COM 552673105 152398 6888000 SH SOLE 6888000
MAGAININ PHARMACEUTICALS INC COM 559036108 10 2657 SH SOLE 2657
MANPOWER INC COM 56418H100 139860 6660000 SH SOLE 6660000
MARCAM CORP COM 566140109 3432 305026 SH SOLE 305026
MCCORMICK & CO INC COM NON VTG 579780206 82215 4060000 SH SOLE 4060000
MEDAPHIS CORP COM 584028104 16088 585000 SH SOLE 585000
MEDTRONIC INC COM 585055106 16025 200000 SH SOLE 200000
MERCK & CO INC COM 589331107 200813 6750000 SH SOLE 6750000
MINE SAFETY APPLIANCES CO COM 602720104 8181 205800 SH SOLE 205800
MINERALS TECHNOLOGIES INC COM 603158106 5800 200000 SH SOLE 200000
MINNESOTA MNG & MFG CO COM 604059105 217656 4386000 SH SOLE 4386000
MOLECULAR BIOSYSTEMS INC COM 608513107 7150 650000 SH SOLE 650000
MOMENTUM CORP COM 608780102 230 31140 SH SOLE 31140
MORGAN J P & CO INC COM 616880100 106553 1718600 SH SOLE 1718600
MOTOROLA INC COM 620076109 178898 4010000 SH SOLE 4010000
NBB BANCORP INC COM 62872P109 18800 400000 SH SOLE 400000
NBD BANCORP INC COM 628900102 101020 3194301 SH SOLE 3194301
NESTLE S A NIB COM 641069406 41456 990000 SH SOLE 990000
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 52074 3500758 SH SOLE 3500758
NEWMONT MNG CORP COM 651639106 82156 2041141 SH SOLE 2041141
NORDSTROM INC COM 655664100 10625 250000 SH SOLE 250000
NORTHERN TELECOM LTD COM 665815106 54643 1978042 SH SOLE 1978042
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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
NORWEST CORP COM 669380107 153584 5878800 SH SOLE 5878800
NUCOR CORP COM 670346105 462320 6749200 SH SOLE 6749200
OSMONICS INC COM 688350107 15108 966937 SH SOLE 966937
OSTEOTECH INC COM 688582105 700 200000 SH SOLE 200000
PNC BK CORP COM 693475105 88501 3065000 SH SOLE 3065000
PACIFIC TELESIS GROUP COM 694890104 119199 3876348 SH SOLE 3876348
PACIFICORP COM 695114108 45966 2723908 SH SOLE 2723908
PALL CORP COM 696429307 71831 4788700 SH SOLE 4788700
PENWEST LTD COM 709752109 1742 77850 SH SOLE 77850
PENNZOIL CO COM 709903108 189901 3705372 SH SOLE 3705372
PFIZER INC COM 717081103 393156 6228200 SH SOLE 6228200
PIONEER HI BRED INTL INC COM 723686101 94772 2893800 SH SOLE 2893800
PITTWAY CORP DEL COM 725790109 1375 38200 SH SOLE 38200
PITTWAY CORP DEL CL A 725790208 18062 519766 SH SOLE 519766
PLAINS PETE CO COM 726529100 15207 711410 SH SOLE 711410
PLANAR SYS INC COM 726900103 8578 836920 SH SOLE 836920
POGO PRODUCING CO COM 730448107 134081 5798077 SH SOLE 5798077
POLAROID CORP COM 731095105 53275 1671362 SH SOLE 1671362
PRECISION CASTPARTS CORP COM 740189105 40875 1287400 SH SOLE 1287400
PROXIMA CORP COM 744287103 7037 731146 SH SOLE 731146
RS FINL CORP COM 749721106 3338 150000 SH SOLE 150000
RTZ PLC SPONSORED ADR 74974K706 46979 903455 SH SOLE 903455
RAYCHEM CORP DEL COM 754603108 94194 2616500 SH SOLE 2616500
READERS DIGEST ASSN INC CL B 755267200 6825 175000 SH SOLE 175000
REUTERS HOLDING PLC ADR B 761324201 90480 2320000 SH SOLE 2320000
RHEOMETRICS INC COM 762073104 359 239048 SH SOLE 239048
RHONE POULENC RORER INC COM 76242T104 115578 3789448 SH SOLE 3789448
RICHTON INTL CORP COM 765516109 48 22507 SH SOLE 22507
RIO ALGOM LTD COM 766889109 28957 1741800 SH SOLE 1741800
ROGERS CORP COM 775133101 6625 200000 SH SOLE 200000
ROTO ROOTER INC COM 778786103 11577 463066 SH SOLE 463066
RUBBERMAID INC COM 781088109 222894 8491200 SH SOLE 8491200
RYKOFF-SEXTON INC COM 783759103 24321 1297128 SH SOLE 1297128
SAINT JOE PAPER CO COM 790161103 87172 1752200 SH SOLE 1752200
SANTA CRUZ OPERATION INC COM 801833104 4471 812895 SH SOLE 812895
SARA LEE CORP COM 803111103 51515 2424200 SH SOLE 2424200
SCI MED LIFE SYS INC COM 808614101 8387 322584 SH SOLE 322584
SEQUENT COMPUTER SYS INC COM 817338106 30310 2224625 SH SOLE 2224625
SEQUENT COMPUTER SER A NIB CV PFD 817338999 336 24625 SH SOLE 24625
SIGMA ALDRICH CORP COM 826552101 136282 3407040 SH SOLE 3407040
SMITHKLINE BEECHAM PLC ADR REP EQT UT 832378400 28125 1000000 SH SOLE 1000000
SOUTHERN CO COM 842587107 37501 2000000 SH SOLE 2000000
SOUTHTRUST CORP COM 844730101 63450 3114125 SH SOLE 3114125
SOUTHWALL TECHNOLOGIES INC COM 844909101 1254 340000 SH SOLE 340000
SOUTHWESTERN BELL CORP COM 845333103 162038 3725000 SH SOLE 3725000
SOUTHWESTERN ENERGY CO COM 845467109 20369 1180800 SH SOLE 1180800
SPRINT CORP COM 852061100 52313 1500000 SH SOLE 1500000
STAR TECHNOLOGIES INC COM 855193108 222 1015734 SH SOLE 1015734
SUNTRUST BKS INC COM 867914103 142697 2949800 SH SOLE 2949800
TECO ENERGY INC COM 872375100 69284 3622700 SH SOLE 3622700
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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
TMBR/SHARP DRILLING INC COM 87257P101 1900 400000 SH SOLE 400000
TECUMSEH PRODS CO CL B 878895101 5318 105300 SH SOLE 105300
TECUMSUH PRODS CO CL A 878895200 14689 315900 SH SOLE 315900
TELEFONOS DE MEXICO S A SP ADR REP ORD 879403780 15924 285000 SH SOLE 285000
TEMPLE INLAND INC COM 879868107 50879 1068316 SH SOLE 1068316
TENNANT CO COM 880345103 8778 209000 SH SOLE 209000
TEXAS UTILS CO COM 882848104 226919 7258166 SH SOLE 7258166
TOWN & CTRY TR SH BEN INT 892081100 16425 900000 SH SOLE 900000
UNIVAR CORP COM 913353108 1038 103800 SH SOLE 103800
UPJOHN CO COM 915302103 34950 1200000 SH SOLE 1200000
VLSI TECHNOLOGY INC SUB DEB CNV 7%12 918270AA7 15026 16200000 PRN SOLE 16200000
VWR CORP COM 918435108 1038 103800 SH SOLE 103800
VIKING OFFICE PRODS COM 926913104 18227 729086 SH SOLE 729086
VULCAN MATLS CO COM 929160109 150360 3277600 SH SOLE 3277600
WACHOVIA CORP COM 929771103 179507 5419032 SH SOLE 5419032
WAL MART STORES INC COM 931142103 49373 2036000 SH SOLE 2036000
WASHINGTON FED S&L ASN SEATTLE COM 938828100 9680 440000 SH SOLE 440000
WASHINGTON POST CO CL B 939640108 17344 75000 SH SOLE 75000
WELLS FARGO & CO DEL COM 949740104 253415 1685224 SH SOLE 1685224
WESTCORP INC COM 957907108 10045 968205 SH SOLE 968205
WESTVACO CORP COM 961548104 34572 1124300 SH SOLE 1124300
WILMINGTON TRUST CORP COM 971807102 6669 247000 SH SOLE 247000
WISCONSIN ENERGY CORP COM 976657106 43584 1825500 SH SOLE 1825500
REPORT SUMMARY 223 DATA RECORDS 16117920 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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