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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/95
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 02/08/96
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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 19458 889500 SH SOLE 889500
A D C TELECOMMUNICATIONS COM 000886101 225846 6187548 SH SOLE 6187548
AT&T CORP COM 001957109 493978 7628995 SH SOLE 7628995
ABBOTT LABS COM 002824100 246154 5913600 SH SOLE 5913600
ADVANCED TECHNOLOGIES LABS INC COM 00755N106 6126 264358 SH SOLE 264358
AGOURON PHARMACEUTICALS INC COM 008488108 9825 300000 SH SOLE 300000
AHMANSON H F & CO COM 008677106 20540 775100 SH SOLE 775100
AIR PRODS & CHEMS INC COM 009158106 394930 7486800 SH SOLE 7486800
AIRTOUCH COMMUNICATIONS INC COM 00949T100 155429 5526348 SH SOLE 5526348
ALLERGAN INC COM 018490102 142552 4386200 SH SOLE 4386200
AMERITECH CORP NEW COM 030954101 251927 4279020 SH SOLE 4279020
AMP INC COM 031897101 83990 2195800 SH SOLE 2195800
AMOCO CORP COM 031905102 203898 2851728 SH SOLE 2851728
AMSOUTH BANCORPORATION COM 032165102 65230 1615600 SH SOLE 1615600
APTARGROUP INC COM 038336103 26030 696466 SH SOLE 696466
ARCHER DANIELS MIDLAND CO COM 039483102 692456 38469786 SH SOLE 38469786
ASEA AB SPONSORED ADR 043655307 30622 316100 SH SOLE 316100
ATLANTIC RICHFIELD CO COM 048825103 112745 1018000 SH SOLE 1018000
BRE PROPERTIES INC CL A 05564E106 85838 2409479 SH SOLE 2409479
BALLARD MED PRODS COM 058566100 10810 604751 SH SOLE 604751
BANC ONE CORP COM 059438101 133268 3541985 SH SOLE 3541985
BANCORP HAWAII INC COM 059685107 82216 2291739 SH SOLE 2291739
BANPONCE CORP NEW COM 066704107 68511 1768021 SH SOLE 1768021
BARRETT RES CORP COM PAR $0.01 068480201 47730 1624833 SH SOLE 1624833
BATTLE MTN GOLD CO COM 071593107 25206 2965350 SH SOLE 2965350
BATTLE MTN GOLD CO PFD CONV $3.25 071593305 2481 50000 SH SOLE 50000
BAXTER INTL INC COM 071813109 266446 6362897 SH SOLE 6362897
BELL ATLANTIC CORP COM 077853109 190594 2850000 SH SOLE 2850000
BELLSOUTH CORP COM 079860102 32364 744000 SH SOLE 744000
BETZ LABS INC COM 087779104 10250 250000 SH SOLE 250000
BIOMET INC COM 090613100 113005 6322000 SH SOLE 6322000
BIOTECHNICA INTL INC COM 090915109 5662 11324051 SH SOLE 11324051
BOSTON SCIENTIFIC CORP COM 101137107 54258 1101688 SH SOLE 1101688
BROADWAY STORES INC WT EXP 100899 111572111 5 33600 SH SOLE 33600
BROKEN HILL PROPRIETARY LTD SPONSORED ADR 112169602 54599 966350 SH SOLE 966350
BROOKTREE CORP COM 114577109 21222 3500508 SH SOLE 3500508
BROWN TOM INC COM NEW 115660201 32468 2220000 SH SOLE 2220000
CBI INDS INC COM 124800103 10178 309600 SH SOLE 309600
CABLE & WIRELESS PUB LTD CO SPONSORED ADR 126830207 23723 1123000 SH SOLE 1123000
CAMPBELL SOUP CO COM 134429109 149700 2495000 SH SOLE 2495000
CAPITAL CITIES ABC INC COM 139859102 1042025 8446000 SH SOLE 8446000
CATERPILLAR INC DEL COM 149123101 170963 2910000 SH SOLE 2910000
CENTRAL & SOUTH WEST CORP COM 152357109 97479 3497000 SH SOLE 3497000
CENTRAL LA ELEC INC COM NEW 153897608 25790 959600 SH SOLE 959600
CHECKPOINT SYS INC COM 162825103 11213 300000 SH SOLE 300000
CHEVRON CORPORATION COM 166751107 377505 7205800 SH SOLE 7205800
CHIRON CORP COM 170040109 67276 608832 SH SOLE 608832
CLINTRIALS RESEARCH INC COM 188767107 4050 200000 SH SOLE 200000
COCA COLA CO COM 191216100 188224 2535000 SH SOLE 2535000
COEUR D ALENE MINES CORP IDAHO COM 192108108 4197 245070 SH SOLE 245070
<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
COMPAQ COMPUTER CORP COM 204493100 7392 154000 SH SOLE 154000
CONSOLIDATED PAPERS INC COM 209759109 11225 200000 SH SOLE 200000
CORNING INC COM 219350105 321251 10039100 SH SOLE 10039100
CYPRUS AMAX MINERALS CO COM 232809103 2943 112628 SH SOLE 112628
DELTA & PINE LD CO COM 247357106 7840 213333 SH SOLE 213333
DELTA AIR LINES INC DEL COM 247361108 80988 1100000 SH SOLE 1100000
DEXTER CORP COM 252165105 30166 1276873 SH SOLE 1276873
DISNEY WALT CO DEL COM 254687106 162540 2760000 SH SOLE 2760000
DONALDSON INC COM 257651109 19013 756750 SH SOLE 756750
DONNELLEY R R & SONS CO COM 257867101 68308 1734800 SH SOLE 1734800
DOW CHEM CO COM 260543103 131368 1870000 SH SOLE 1870000
DUKE POWER CO COM 264399106 194711 4110000 SH SOLE 4110000
DYNAMICS CORP AMER COM 268039104 702 28662 SH SOLE 28662
ELCOR CORP COM 284443108 10875 500000 SH SOLE 500000
EMERSON ELEC CO COM 291011104 93229 1140410 SH SOLE 1140410
ENGELHARD CORP COM 292845104 210341 9670893 SH SOLE 9670893
ENVIROTEST SYS CORP CL A 29409W105 111 42420 SH SOLE 42420
EQUITABLE RES INC COM 294549100 66639 2132450 SH SOLE 2132450
ERICSSON L M TEL CO ADR CL B SEK10 294821400 95238 4884000 SH SOLE 4884000
EXXON CORP COM 302290101 466892 5787500 SH SOLE 5787500
FEI CO COM 30241L109 3583 333334 SH SOLE 333334
FASTENAL CO COM 311900104 10563 250000 SH SOLE 250000
FIFTH THIRD BANCORP COM 316773100 6959 95000 SH SOLE 95000
FIRST CHICAGO NBD CORP COM 31945A100 126175 3194301 SH SOLE 3194301
FIRST EMPIRE ST CORP COM 320076102 65400 300000 SH SOLE 300000
FIRST SEC CORP DEL COM 336294103 18288 475000 SH SOLE 475000
FIRST VA BANKS INC COM 337477103 29016 695000 SH SOLE 695000
GATX CORP COM 361448103 154278 3172800 SH SOLE 3172800
GENERAL ELEC CO COM 369604103 241371 3352384 SH SOLE 3352384
GILLETTE CO COM 375766102 108942 2090000 SH SOLE 2090000
GOLDEN WEST FINL CORP DEL COM 381317106 106948 1935700 SH SOLE 1935700
GRANITE BROADCASTING CORP COM 387241102 181 17081 SH SOLE 17081
GREAT LAKES CHEM CORP COM 390568103 330862 4595300 SH SOLE 4595300
HAWAIIAN ELEC INDUSTRIES COM 419870100 19646 507000 SH SOLE 507000
HEILIG MEYERS CO COM 422893107 50913 2770793 SH SOLE 2770793
HELMERICH & PAYNE INC COM 423452101 61413 2064300 SH SOLE 2064300
HEWLETT PACKARD CO COM 428236103 783901 9360000 SH SOLE 9360000
HON INDS INC COM 438092108 67044 2883600 SH SOLE 2883600
HUNTINGDON INTL HLDG PLC ADR 445891203 4417 803000 SH SOLE 803000
IDAHO POWER CO COM 451380109 42264 1408800 SH SOLE 1408800
ILLINOIS SUPERCONDUCTOR CORP COM 452284102 3542 208363 SH SOLE 208363
ILLINOIS TOOL WKS INC COM 452308109 282657 4790800 SH SOLE 4790800
IMMUNE RESPONSE CORP DEL COM 45252T106 6278 1128572 SH SOLE 1128572
INDUSTRIAL TECHNOLOGIES INC COM 456360106 419 304641 SH SOLE 304641
INGERSOLL RAND CO COM 456866102 12297 350100 SH SOLE 350100
INTEL CORP COM 458140100 372848 6570000 SH SOLE 6570000
INTERNATIONAL BUSINESS MACHS COM 459200101 366013 4004198 SH SOLE 4004198
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 302194 6295700 SH SOLE 6295700
INTUIT COM 461202103 17753 227600 SH SOLE 227600
IPALCO ENTERPRISES INC COM 462613100 39627 1039400 SH SOLE 1039400
<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
JOHNSON & JOHNSON COM 478160104 729058 8525800 SH SOLE 8525800
JOSTENS INC COM 481088102 52898 2181398 SH SOLE 2181398
KN ENERGY INC COM 482620101 46890 1609965 SH SOLE 1609965
KELLOGG CO COM 487836108 358055 4635000 SH SOLE 4635000
KIMBERLY CLARK CORP COM 494368103 49650 600000 SH SOLE 600000
KIMCO REALTY CORP COM 49446R109 6131 225000 SH SOLE 225000
KOPIN CORP COM 500600101 3054 214285 SH SOLE 214285
KUBOTA CORP ADR 501173207 2946 23200 SH SOLE 23200
LATTICE SEMICONDUCTOR CORP COM 518415104 53016 1625000 SH SOLE 1625000
LECHTERS CORP COM 523238103 2575 400000 SH SOLE 400000
LEE ENTERPRISES INC COM 523768109 5161 224400 SH SOLE 224400
LEGGETT & PLATT INC COM 524660107 4850 200000 SH SOLE 200000
LIBERTY BANCORP INC OKLA COM 530175108 24032 645161 SH SOLE 645161
LIFE TECHNOLOGIES INC COM 532177201 5352 196407 SH SOLE 196407
LILLY ELI & CO COM 532457108 517140 9193600 SH SOLE 9193600
LINEAR TECHNOLOGY CORP COM 535678106 136056 3466400 SH SOLE 3466400
LONE STAR INDS INC WT EXP 123100 542290119 804 89323 SH SOLE 89323
LONE STAR INDS INC COM NEW 542290408 438 17519 SH SOLE 17519
LOUISIANA PAC CORP COM 546347105 56659 2336454 SH SOLE 2336454
MBNA CORP COM 55262L100 100669 2730000 SH SOLE 2730000
MCI COMMUNICATIONS CORP COM 552673105 273763 10479000 SH SOLE 10479000
MANPOWER INC COM 56418H100 173250 6160000 SH SOLE 6160000
MARCAM CORP COM 566140109 4652 305026 SH SOLE 305026
MCCORMICK & CO INC COM NON VTG 579780206 97948 4060000 SH SOLE 4060000
MEDAPHIS CORP COM 584028104 36168 977500 SH SOLE 977500
MEDTRONIC INC COM 585055106 44700 800000 SH SOLE 800000
MERCK & CO INC COM 589331107 442969 6750000 SH SOLE 6750000
MICROSOFT CORP COM 594918104 8600 98000 SH SOLE 98000
MICROFIELD GRAPHICS INC COM 59506W104 1308 410348 SH SOLE 410348
MINERALS TECHNOLOGIES INC COM 603158106 7300 200000 SH SOLE 200000
MINNESOTA MNG & MFG CO COM 604059105 308778 4652000 SH SOLE 4652000
MOLECULAR BIOSYSTEMS INC COM 608513107 2750 400000 SH SOLE 400000
MORGAN J P & CO INC COM 616880100 156054 1944600 SH SOLE 1944600
MOTOROLA INC COM 620076109 253650 4450000 SH SOLE 4450000
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 59513 3500758 SH SOLE 3500758
NEWMONT MINING CORP COM 651639106 92617 2041141 SH SOLE 2041141
NORDSTROM INC COM 655664100 10125 250000 SH SOLE 250000
NORTHERN TELECOM LTD COM 665815106 85056 1978042 SH SOLE 1978042
NORWEST CORP COM 669380107 200996 6090800 SH SOLE 6090800
NUCOR CORP COM 670346105 403686 7066700 SH SOLE 7066700
OSMONICS INC COM 688350107 19702 966937 SH SOLE 966937
OSTEOTECH INC COM 688582105 1400 200000 SH SOLE 200000
PNC BK CORP COM 693475105 208013 6450000 SH SOLE 6450000
PACIFIC TELESIS GROUP COM 694890104 100244 2992348 SH SOLE 2992348
PACIFICORP COM 695114108 88914 4208908 SH SOLE 4208908
PALL CORP COM 696429307 128697 4788700 SH SOLE 4788700
PENWEST LTD COM 709752109 1927 77850 SH SOLE 77850
PENNZOIL CO COM 709903108 156552 3705372 SH SOLE 3705372
PHARMACIA & UPJOHN INC COM 716941109 67425 1740000 SH SOLE 1740000
PFIZER INC COM 717081103 784753 12456400 SH SOLE 12456400
<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
PIONEER HI BRED INTL INC COM 723686101 160968 2893800 SH SOLE 2893800
PITTWAY CORP DEL COM 725790109 2536 38200 SH SOLE 38200
PITTWAY CORP DEL CL A 725790208 35214 519766 SH SOLE 519766
POGO PRODUCING CO COM 730448107 155942 5520077 SH SOLE 5520077
POLAROID CORP COM 731095105 69185 1460362 SH SOLE 1460362
PRECISION CASTPARTS CORP COM 740189105 60861 1531100 SH SOLE 1531100
PRIMESOURCE CORP COM 741593107 122 22109 SH SOLE 22109
RTZ PLC SPONSORED ADR 74974K706 69659 1211455 SH SOLE 1211455
RAYCHEM CORP DEL COM 754603108 148813 2616500 SH SOLE 2616500
READERS DIGEST ASSN INC CL B 755267200 8269 175000 SH SOLE 175000
REUTERS HOLDING PLC ADR B 761324201 192938 3500000 SH SOLE 3500000
RHEOMETRICS SCIENTIFIC INC COM 762073104 359 239048 SH SOLE 239048
RHONE POULENC RORER INC COM 76242T104 195358 3668690 SH SOLE 3668690
RIO ALGOM LTD COM 766889109 31788 1741800 SH SOLE 1741800
ROGERS CORP COM 775133101 8700 400000 SH SOLE 400000
ROTO ROOTER INC COM 778786103 15165 463066 SH SOLE 463066
RUBBERMAID INC COM 781088109 252206 9890400 SH SOLE 9890400
RYKOFF-SEXTON INC COM 783759103 25025 1429985 SH SOLE 1429985
SBC COMMUNICATIONS INC COM 78387G103 227487 3971000 SH SOLE 3971000
SAINT JOE PAPER CO COM 790161103 96371 1752200 SH SOLE 1752200
SANTA CRUZ OPERATION INC COM 801833104 5081 812895 SH SOLE 812895
SARA LEE CORP COM 803111103 77574 2424200 SH SOLE 2424200
SCHWEITZER-MAUDUIT INTL INC COM 808541106 1388 60000 SH SOLE 60000
SEQUENT COMPUTER SYS INC COM 817338106 32614 2249250 SH SOLE 2249250
SIGMA ALDRICH CORP COM 826552101 173496 3504940 SH SOLE 3504940
SILICON GRAPHICS INC COM 827056102 6299 228000 SH SOLE 228000
SMITHKLINE BEECHAM PLC ADR REP EQT UT 832378400 55500 1000000 SH SOLE 1000000
SOUTHERN CO COM 842587107 52944 2150000 SH SOLE 2150000
SOUTHTRUST CORP COM 844730101 98224 3833125 SH SOLE 3833125
SOUTHWESTERN ENERGY CO COM 845467109 18243 1430800 SH SOLE 1430800
SPRINT CORP COM 852061100 59438 1500000 SH SOLE 1500000
STAR TECHNOLOGIES INC COM 855193108 127 1015734 SH SOLE 1015734
SUNTRUST BKS INC COM 867914103 202061 2949800 SH SOLE 2949800
TECO ENERGY INC COM 872375100 92831 3622700 SH SOLE 3622700
TMBR/SHARP DRILLING INC COM 87257P101 3650 400000 SH SOLE 400000
TECUMSEH PRODS CO CL B 878895101 5502 105300 SH SOLE 105300
TECUMSUH PRODS CO CL A 878895200 16348 315900 SH SOLE 315900
TELEFONOS DE MEXICO S A SP ADR REP ORD 879403780 9084 285000 SH SOLE 285000
TEMPLE INLAND INC COM 879868107 46872 1068316 SH SOLE 1068316
TENNANT CO COM 880345103 9980 418000 SH SOLE 418000
TEXAS UTILS CO COM 882848104 233759 5701466 SH SOLE 5701466
TOWN & CTRY TR SH BEN INT 892081100 13000 1000000 SH SOLE 1000000
U S BANCORP ORE COM 911596104 12357 367500 SH SOLE 367500
UNIVAR CORP COM 913353108 1129 103800 SH SOLE 103800
VWR SCIENTIFIC PRODS CORP COM 918435108 1388 103800 SH SOLE 103800
VALLEY NATL BANCORP COM 919794107 3552 142065 SH SOLE 142065
VIKING OFFICE PRODS COM 926913104 33902 729086 SH SOLE 729086
VULCAN MATLS CO COM 929160109 188871 3277600 SH SOLE 3277600
WACHOVIA CORP COM 929771103 285619 6243032 SH SOLE 6243032
WAL MART STORES INC COM 931142103 54980 2471000 SH SOLE 2471000
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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
WASHINGTON FED INC COM 938824109 16400 640000 SH SOLE 640000
WELLS FARGO & CO DEL COM 949740104 364009 1685224 SH SOLE 1685224
WESTCORP INC COM 957907108 18807 1016615 SH SOLE 1016615
WESTVACO CORP COM 961548104 46799 1686450 SH SOLE 1686450
WILMINGTON TRUST CORP COM 971807102 7626 247000 SH SOLE 247000
WISCONSIN ENERGY CORP COM 976657106 55906 1825500 SH SOLE 1825500
REPORT SUMMARY 206 DATA RECORDS 22647826 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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