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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 03/31/95
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 05/12/95
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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
SCANDINAVIAN BROADCASTING SYS ORD L8137H108 20459 889500 SH SOLE 889500
A D C TELECOMMUNICATIONS COM 000886101 182533 6187548 SH SOLE 6187548
AT&T CORP COM 001957109 394801 7628995 SH SOLE 7628995
ABBOTT LABS COM 002824100 211411 5913600 SH SOLE 5913600
ADVANCED TECHNOLOGY LABS INC COM 00755N106 3643 250043 SH SOLE 250043
AGOURON PHARMACEUTICALS INC COM 008488108 6100 400000 SH SOLE 400000
AHMANSON H F & CO COM 008677106 50996 2833100 SH SOLE 2833100
AIR PRODS & CHEMS INC COM 009158106 390250 7486800 SH SOLE 7486800
AIRTOUCH COMMUNICATIONS INC COM 00949T100 150593 5526348 SH SOLE 5526348
ALLERGAN INC COM 018490102 129393 4386200 SH SOLE 4386200
AMERITECH CORP NEW COM 030954101 176509 4279020 SH SOLE 4279020
AMP INC COM 031897101 69869 1940800 SH SOLE 1940800
AMOCO CORP COM 031905102 181442 2851728 SH SOLE 2851728
AMSOUTH BANCORPORATION COM 032165102 50891 1615600 SH SOLE 1615600
APTARGROUP INC COM 038336103 18835 657966 SH SOLE 657966
ARCHER DANIELS MIDLAND CO COM 039483102 682380 36637895 SH SOLE 36637895
ASEA AB SPONSORED ADR 043655307 18191 235100 SH SOLE 235100
ATLANTIC RICHFIELD CO COM 048825103 117070 1018000 SH SOLE 1018000
BRE PROPERTIES INC CL A 05564E106 74995 2409479 SH SOLE 2409479
BALLARD MED PRODS COM 058566100 7635 604751 SH SOLE 604751
BANC ONE CORP COM 059438101 67944 2383985 SH SOLE 2383985
BANCORP HAWAII INC COM 059685107 65027 2291739 SH SOLE 2291739
BANPONCE CORP NEW COM 066704107 55693 1768021 SH SOLE 1768021
BARRETT RES CORP COM PAR $0.01 068480201 4325 200000 SH SOLE 200000
BATTLE MTN GOLD CO COM 071593107 35214 2965350 SH SOLE 2965350
BATTLE MTN GOLD CO PFD CONV $3.25 071593305 3081 50000 SH SOLE 50000
BAXTER INTL INC COM 071813109 208386 6362897 SH SOLE 6362897
BELL ATLANTIC CORP COM 077853109 150694 2850000 SH SOLE 2850000
BELLSOUTH CORP COM 079860102 22134 372000 SH SOLE 372000
BETZ LABS INC COM 087779104 10938 250000 SH SOLE 250000
BIOMET INC COM 090613100 106683 6322000 SH SOLE 6322000
BIOTECHNICA INTL INC COM 090915109 2603 11324051 SH SOLE 11324051
BOSTON SCIENTIFIC CORP COM 101137107 27129 1101688 SH SOLE 1101688
BROADWAY STORES INC WT EXP 100899 111572111 46 33600 SH SOLE 33600
BROKEN HILL PROPRIETARY LTD SPONSORED ADR 112169602 26560 503500 SH SOLE 503500
BROOKTREE CORP COM 114577109 24941 3500508 SH SOLE 3500508
BROWN TOM INC COM NEW 115660201 34410 2220000 SH SOLE 2220000
CBI INDS INC COM 124800103 11777 459600 SH SOLE 459600
CIPSCO INC COM 125539106 2957 103315 SH SOLE 103315
CABLE & WIRELESS PUB LTD CO SPONSORED ADR 126830207 21197 1123000 SH SOLE 1123000
CAMPBELL SOUP CO COM 134429109 120695 2495000 SH SOLE 2495000
CAPITAL CITIES ABC INC COM 139859102 747297 8446000 SH SOLE 8446000
CATERPILLAR INC DEL COM 149123101 159088 2860000 SH SOLE 2860000
CENTRAL & SOUTH WEST CORP COM 152357109 84803 3497000 SH SOLE 3497000
CENTRAL LA ELEC INC COM NEW 153897608 21471 959600 SH SOLE 959600
CHECKPOINT SYS INC COM 162825103 5550 300000 SH SOLE 300000
CHEMEX PHARMACEUTICALS INC COM PAR $0.04 163610306 44 100000 SH SOLE 100000
CHEVRON CORPORATION COM 166751107 345879 7205800 SH SOLE 7205800
CHIRON CORP COM 170040109 32725 608832 SH SOLE 608832
CLINTRIALS RESEARCH INC COM 188767107 2575 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 142922 2535000 SH SOLE 2535000
COEUR D ALENE MINES CORP IDAHO COM 192108108 4534 245070 SH SOLE 245070
COMPAQ COMPUTER CORP COM 204493100 5294 154000 SH SOLE 154000
CONSOLIDATED PAPERS INC COM 209759109 9950 200000 SH SOLE 200000
CORNING INC COM 219350105 361408 10039100 SH SOLE 10039100
CYPRUS AMAX MINERALS CO COM 232809103 3195 112628 SH SOLE 112628
DELTA & PINE LD CO COM 247357106 3380 160000 SH SOLE 160000
DELTA AIR LINES INC DEL COM 247361108 69025 1100000 SH SOLE 1100000
DEXTER CORP COM 252165105 27931 1276873 SH SOLE 1276873
DISNEY WALT CO DEL COM 254687106 147615 2760000 SH SOLE 2760000
DONALDSON INC COM 257651109 18919 756750 SH SOLE 756750
DONNELLEY R R & SONS CO COM 257867101 59634 1734800 SH SOLE 1734800
DOW CHEM CO COM 260543103 136978 1870000 SH SOLE 1870000
DUKE POWER CO COM 264399106 157208 4110000 SH SOLE 4110000
DYNAMICS CORP AMER COM 268039104 699 28662 SH SOLE 28662
ELCOR CORP COM 284443108 8750 500000 SH SOLE 500000
EMERSON ELEC CO COM 291011104 75837 1140410 SH SOLE 1140410
ENGELHARD CORP COM 292845104 190999 6447262 SH SOLE 6447262
ENVIROTEST SYS CORP CL A 29409W105 201 42420 SH SOLE 42420
EQUITABLE RES INC COM 294549100 59442 2132450 SH SOLE 2132450
ERICSSON L M TEL CO ADR CL B SEK10 294821400 68612 1110000 SH SOLE 1110000
EXXON CORP COM 302290101 383927 5762500 SH SOLE 5762500
FASTENAL CO COM 311900104 6156 250000 SH SOLE 250000
FIFTH THIRD BANCORP COM 316773100 4916 95000 SH SOLE 95000
FIRST EMPIRE ST CORP COM 320076102 51300 300000 SH SOLE 300000
FIRST SEC CORP DEL COM 336294103 11400 475000 SH SOLE 475000
FIRST VA BANKS INC COM 337477103 19109 549900 SH SOLE 549900
FLEET FINL GROUP INC NEW COM 338915101 18868 582800 SH SOLE 582800
FLEET FINL GROUP INC NEW WT EXP 012601 338915119 532 112000 SH SOLE 112000
GATX CORP COM 361448103 142348 3172800 SH SOLE 3172800
GENERAL ELEC CO COM 369604103 181029 3352384 SH SOLE 3352384
GILLETTE CO COM 375766102 85298 1045000 SH SOLE 1045000
GOLDEN WEST FINL CORP DEL COM 381317106 74040 1935700 SH SOLE 1935700
GREAT LAKES CHEM CORP COM 390568103 283326 4542300 SH SOLE 4542300
HAWAIIAN ELEC INDUSTRIES COM 419870100 16985 507000 SH SOLE 507000
HEILIG MEYERS CO COM 422893107 49601 2267493 SH SOLE 2267493
HELMERICH & PAYNE INC COM 423452101 55994 2064300 SH SOLE 2064300
HEWLETT PACKARD CO COM 428236103 563356 4680000 SH SOLE 4680000
HON INDS INC COM 438092108 77858 2883600 SH SOLE 2883600
HUNTINGDON INTL HLDG PLC ADR 445891203 2710 803000 SH SOLE 803000
IDAHO POWER CO COM 451380109 33459 1408800 SH SOLE 1408800
ILLINOIS SUPERCONDUCTOR CORP COM 452284102 908 121111 SH SOLE 121111
ILLINOIS TOOL WKS INC COM 452308109 234151 4790800 SH SOLE 4790800
IMMUNE RESPONSE CORP DEL COM 45252T106 3174 1128572 SH SOLE 1128572
INDUSTRIAL TECHNOLOGIES INC COM 456360106 214 304641 SH SOLE 304641
INGERSOLL RAND CO COM 456866102 11510 350100 SH SOLE 350100
INTEL CORP COM 458140100 278815 3285000 SH SOLE 3285000
INTERNATIONAL BUSINESS MACHS COM 459200101 328760 4004198 SH SOLE 4004198
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 321660 6230700 SH SOLE 6230700
INTUIT COM 461202103 7800 100000 SH SOLE 100000
<PAGE> PAGE 4
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
IPALCO ENTERPRISES INC COM 462613100 33261 1039400 SH SOLE 1039400
JOHNSON & JOHNSON COM 478160104 507286 8525800 SH SOLE 8525800
JOSTENS INC COM 481088102 43356 2181398 SH SOLE 2181398
KN ENERGY INC COM 482620101 38639 1609965 SH SOLE 1609965
KELLOGG CO COM 487836108 270568 4635000 SH SOLE 4635000
KIMBERLY CLARK CORP COM 494368103 31200 600000 SH SOLE 600000
KIMCO REALTY CORP COM 49446R109 5756 150000 SH SOLE 150000
KOPIN CORP COM 500600101 2089 214285 SH SOLE 214285
KUBOTA CORP ADR 501173207 3051 23200 SH SOLE 23200
LTV CORP NEW COM 501921100 1178 77266 SH SOLE 77266
LTV CORP NEW WT A EX 062898 501921126 3 1012 SH SOLE 1012
LATTICE SEMICONDUCTOR CORP COM 518415104 51458 2095000 SH SOLE 2095000
LECHTERS CORP COM 523238103 6700 400000 SH SOLE 400000
LEE ENTERPRISES INC COM 523768109 3969 112200 SH SOLE 112200
LEGGETT & PLATT INC COM 524660107 4200 100000 SH SOLE 100000
LIBERTY BANCORP INC OKLA COM 530175108 19476 645161 SH SOLE 645161
LIFE TECHNOLOGIES INC COM 532177201 3781 196407 SH SOLE 196407
LILLY ELI & CO COM 532457108 336142 4596800 SH SOLE 4596800
LINEAR TECHNOLOGY CORP COM 535678106 97059 1733200 SH SOLE 1733200
LONE STAR INDS INC WT EXP 123100 542290116 581 89323 SH SOLE 89323
LONE STAR INDS INC COM NEW 542290408 353 17519 SH SOLE 17519
LOUISIANA PAC CORP COM 546347105 64545 2336454 SH SOLE 2336454
MBNA CORP COM 55262L100 79170 2730000 SH SOLE 2730000
MCI COMMUNICATIONS CORP COM 552673105 216129 10479000 SH SOLE 10479000
MANPOWER INC COM 56418H100 197890 6160000 SH SOLE 6160000
MARCAM CORP COM 566140109 3737 305026 SH SOLE 305026
MCCORMICK & CO INC COM NON VTG 579780206 91858 4060000 SH SOLE 4060000
MEDAPHIS CORP COM 584028104 36855 585000 SH SOLE 585000
MEDTRONIC INC COM 585055106 27750 400000 SH SOLE 400000
MERCK & CO INC COM 589331107 287719 6750000 SH SOLE 6750000
MICROSOFT CORP COM 594918104 6970 98000 SH SOLE 98000
MINE SAFETY APPLIANCES CO COM 602720104 9415 205800 SH SOLE 205800
MINERALS TECHNOLOGIES INC COM 603158106 6450 200000 SH SOLE 200000
MINNESOTA MNG & MFG CO COM 604059105 268364 4617000 SH SOLE 4617000
MOLECULAR BIOSYSTEMS INC COM 608513107 5281 650000 SH SOLE 650000
MORGAN J P & CO INC COM 616880100 118621 1944600 SH SOLE 1944600
MOTOROLA INC COM 620076109 228334 4180000 SH SOLE 4180000
NBD BANCORP INC COM 628900102 103815 3194301 SH SOLE 3194301
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 51199 3500758 SH SOLE 3500758
NEWMONT MNG CORP COM 651639106 87259 2041141 SH SOLE 2041141
NORDSTROM INC COM 655664100 10188 250000 SH SOLE 250000
NORTHERN TELECOM LTD COM 665815106 74918 1978042 SH SOLE 1978042
NORWEST CORP COM 669380107 154554 6090800 SH SOLE 6090800
NUCOR CORP COM 670346105 379643 6749200 SH SOLE 6749200
OSMONICS INC COM 688350107 15955 966937 SH SOLE 966937
OSTEOTECH INC COM 688582105 1075 200000 SH SOLE 200000
PNC BK CORP COM 693475105 108469 4450000 SH SOLE 4450000
PACIFIC TELESIS GROUP COM 694890104 89612 2962348 SH SOLE 2962348
PACIFICORP COM 695114108 52776 2723908 SH SOLE 2723908
PALL CORP COM 696429307 100563 4788700 SH SOLE 4788700
<PAGE> PAGE 5
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
PENWEST LTD COM 709752109 1713 77850 SH SOLE 77850
PENNZOIL CO COM 709903108 175542 3705372 SH SOLE 3705372
PFIZER INC COM 717081103 534069 6228200 SH SOLE 6228200
PIONEER HI BRED INTL INC COM 723686101 104177 2893800 SH SOLE 2893800
PITTWAY CORP DEL COM 725790109 1738 38200 SH SOLE 38200
PITTWAY CORP DEL CL A 725790208 24104 519766 SH SOLE 519766
PLAINS PETE CO COM 726529100 16630 711410 SH SOLE 711410
POGO PRODUCING CO COM 730448107 112471 5520077 SH SOLE 5520077
POLAROID CORP COM 731095105 50748 1460362 SH SOLE 1460362
PRECISION CASTPARTS CORP COM 740189105 45225 1731100 SH SOLE 1731100
PRIMESOURCE CORP COM 741593107 205 22109 SH SOLE 22109
RTZ PLC SPONSORED ADR 74974K706 62475 1201455 SH SOLE 1201455
RAYCHEM CORP DEL COM 754603108 106296 2616500 SH SOLE 2616500
READERS DIGEST ASSN INC CL B 755267200 7809 175000 SH SOLE 175000
REUTERS HOLDING PLC ADR B 761324201 161000 3500000 SH SOLE 3500000
RHEOMETRICS SCIENTIFIC INC COM 762073104 299 239048 SH SOLE 239048
RHONE POULENC RORER INC COM 76242T104 164763 3789448 SH SOLE 3789448
RIO ALGOM LTD COM 766889109 30917 1741800 SH SOLE 1741800
ROGERS CORP COM 775133101 10750 200000 SH SOLE 200000
ROTO ROOTER INC COM 778786103 12271 463066 SH SOLE 463066
RUBBERMAID INC COM 781088109 315520 9561200 SH SOLE 9561200
RYKOFF-SEXTON INC COM 783759103 24234 1538635 SH SOLE 1538635
SAINT JOE PAPER CO COM 790161103 108417 1752200 SH SOLE 1752200
SANTA CRUZ OPERATION INC COM 801833104 11177 812895 SH SOLE 812895
SARA LEE CORP COM 803111103 63332 2424200 SH SOLE 2424200
SEQUENT COMPUTER SYS INC COM 817338106 37112 2249250 SH SOLE 2249250
SIGMA ALDRICH CORP COM 826552101 135818 3504940 SH SOLE 3504940
SILICON GRAPHICS INC COM 827056102 8066 228000 SH SOLE 228000
SMITHKLINE BEECHAM PLC ADR REP EQT UT 832378400 37500 1000000 SH SOLE 1000000
SOUTHERN CO COM 842587107 40750 2000000 SH SOLE 2000000
SOUTHTRUST CORP COM 844730101 80495 3833125 SH SOLE 3833125
SOUTHWALL TECHNOLOGIES INC COM 844909101 1105 340000 SH SOLE 340000
SOUTHWESTERN BELL CORP COM 845333103 157723 3754000 SH SOLE 3754000
SOUTHWESTERN ENERGY CO COM 845467109 21463 1430800 SH SOLE 1430800
SPRINT CORP COM 852061100 45375 1500000 SH SOLE 1500000
STAR TECHNOLOGIES INC COM 855193108 175 1015734 SH SOLE 1015734
SUNTRUST BKS INC COM 867914103 157814 2949800 SH SOLE 2949800
TECO ENERGY INC COM 872375100 76077 3622700 SH SOLE 3622700
TMBR/SHARP DRILLING INC COM 87257P101 2550 400000 SH SOLE 400000
TECUMSEH PRODS CO CL B 878895101 5212 105300 SH SOLE 105300
TECUMSUH PRODS CO CL A 878895200 15637 315900 SH SOLE 315900
TELEFONOS DE MEXICO S A SP ADR REP ORD 879403780 8123 285000 SH SOLE 285000
TEMPLE INLAND INC COM 879868107 47940 1068316 SH SOLE 1068316
TENNANT CO COM 880345103 10450 209000 SH SOLE 209000
TEXAS UTILS CO COM 882848104 230446 7258166 SH SOLE 7258166
TOWN & CTRY TR SH BEN INT 892081100 12150 900000 SH SOLE 900000
VLSI TECHNOLOGY INC SUB DEB CNV 7%12 912827AA7 1277 1300000 PRN SOLE 1300000
UNIVAR CORP COM 913353108 1155 103800 SH SOLE 103800
UPJOHN CO COM 915302103 42750 1200000 SH SOLE 1200000
VLSI TECHNOLOGY INC SUB DEB CNV 7%12 918270AA7 14639 14900000 PRN SOLE 14900000
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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
VWR CORP COM 918435108 934 103800 SH SOLE 103800
VALLEY NATL BANCORP COM 919794107 3467 135300 SH SOLE 135300
VIKING OFFICE PRODS COM 926913104 22602 729086 SH SOLE 729086
VULCAN MATLS CO COM 929160109 188462 3277600 SH SOLE 3277600
WACHOVIA CORP COM 929771103 221627 6243032 SH SOLE 6243032
WAL MART STORES INC COM 931142103 52173 2036000 SH SOLE 2036000
WASHINGTON FED S&L ASN SEATTLE COM 938828100 11800 590000 SH SOLE 590000
WELLS FARGO & CO DEL COM 949740104 263527 1685224 SH SOLE 1685224
WEST ONE BANCORP COM 954828109 6813 250000 SH SOLE 250000
WESTCORP INC COM 957907108 11183 1016615 SH SOLE 1016615
WESTVACO CORP COM 961548104 46658 1124300 SH SOLE 1124300
WILMINGTON TRUST CORP COM 971807102 5990 247000 SH SOLE 247000
WISCONSIN ENERGY CORP COM 976657106 49516 1825500 SH SOLE 1825500
REPORT SUMMARY 213 DATA RECORDS 18703255 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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