UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment ( ); Amendment Number:
This Amendment (Check only one.): ( ) is a restatement.
( ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Employers Life Insurance Company
Address: One Nationwide Plaza
Columbus, OH 43215
13F File Number: 28-5914
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the
report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists, and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Robert J. Woodward, Jr.
Title: Executive Vice President and Chief Investment Officer
Phone: (614)249-7696
Signature, Place, and Date of Signing:
Robert J. Woodward, Jr. Columbus, Ohio August 3, 1999
Report Type (Check only one.):
( X) 13F HOLDINGS REPORT.
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF
1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total: 56
Form 13F Information Table Value Total: $326,061
List of Other Included Managers:
No. 13F File Number Name
01
02
03
04
<TABLE>
<S> <C> <C> <C> <S> <C>
FORM 13F INFORMATION TABLE
6/30/1999
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRIN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
ALLERGAN INC COM 018490102 9,990 90,000 SH SHARED 04 90,000
ALLTEL CORP COM 020039103 2,011 28,120 SH SHARED 04 28,120
AMERICAN HOME PRODS CORP COM 026609107 3,075 53,600 SH SHARED 04 53,600
AMERICAN INTL GROUP INC COM 026874107 5,290 45,117 SH SHARED 04 45,11
ANHEUSER BUSCH COS INC COM 035229103 2,901 40,900 SH SHARED 04 40,900
ASSOCIATES FIRST CAP CORP CL A 046008108 6,840 155,004 SH SHARED 04 155,004
BANK NEW YORK INC COM 064057102 3,038 82,800 SH SHARED 04 82,800
BANK ONE CORP COM 60423A103 6,413 107,669 SH SHARED 04 107,669
BLACK & DECKER CORP COM 091797100 17,707 280,500 SH SHARED 04 280,500
BRUNSWICK CORP COM 117043109 2,140 76,800 SH SHARED 04 76,800
CHARTER ONE FINL INC COM 160903100 1,545 55,566 SH SHARED 04 55,566
DISNEY WALT CO DEL COM 254687106 3,268 106,059 SH SHARED 04 106,059
DUN & BRADSTREET CORP COM 264830100 2,856 80,600 SH SHARED 04 80,600
EMERSON RADIO CORP COM 291087203 46 82,366 SH SHARED 04 82,366
FEDERAL NATL MTG ASSN COM 313586109 9,248 135,500 SH SHARED 04 135,500
FORD MTR CO DEL COM 345370100 6,784 120,200 SH SHARED 04 120,200
GANNETT INC COM 364730101 2,512 35,200 SH SHARED 04 35,200
GARTNER GROUP INC NEW COM 366651107 1,622 79,100 SH SHARED 04 79,100
GEORGIA GULF CORP COM PAR $0.01 373200203 1,050 62,200 SH SHARED 04 62,200
HCR MANOR CARE INC COM 404134108 4,441 183,600 SH SHARED 04 183,600
HORACE MANN EDUCATORS CORP NEW COM 440327104 4,568 168,000 SH SHARED 04 168,000
IMS HEALTH INC COM 449934108 4,813 154,000 SH SHARED 04 154,000
INTERNATIONAL BUSINESS MACHS COM 459200101 16,079 124,400 SH SHARED 04 124,400
MBIA INC COM 55262C100 699 10,800 SH SHARED 04 10,800
MBNA CORP COM 55262L100 766 25,000 SH SHARED 04 25,000
MARTIN MARIETTA MATLS INC COM 573284106 4,814 81,600 SH SHARED 04 81,600
MASCO CORP COM 574599106 4,074 141,100 SH SHARED 04 141,100
MAYTAG CORP COM 578592107 4,182 59,900 SH SHARED 04 59,900
MCDONALDS CORP COM 580135101 8,340 202,800 SH SHARED 04 202,800
MELLON BK CORP COM 585509102 17,322 476,200 SH SHARED 04 476,200
MILLIPORE CORP COM 601073109 3,643 89,800 SH SHARED 04 89,800
NEW YORK TIMES CO CL A 650111107 6,553 178,000 SH SHARED 04 178,000
OM GROUP INC COM 670872100 2,334 67,650 SH SHARED 04 67,650
PACIFIC CENTY FINL CORP COM 694058108 1,305 60,500 SH SHARED 04 60,500
PALL CORP COM 696429307 1,492 67,256 SH SHARED 04 67,256
PEPSICO INC COM 713448108 8,148 210,600 SH SHARED 04 210,600
PHARMACIA & UPJOHN INC COM 716941109 4,244 74,700 SH SHARED 04 74,700
PFIZER INC COM 717081103 4,491 41,200 SH SHARED 04 41,200
PHILIP MORRIS COS INC COM 718154107 4,867 121,100 SH SHARED 04 121,100
PROCTOR & GAMBLE CO COM 742718109 3,534 39,600 SH SHARED 04 39,600
PROVIDENT COS INC COM 743862104 2,840 71,000 SH SHARED 04 71,000
QUAKER OATS CO COM 747402105 6,173 93,000 SH SHARED 04 93,000
QUEST DIAGNOSTICS INC COM 74834L100 3,435 125,487 SH SHARED 04 125,487
RALSTON PURINA CO COM RAL-PUR GP 751277302 9,058 297,600 SH SHARED 04 297,600
ROHM & HAAS CO COM 775371107 2,231 52,033 SH SHARED 04 52,033
ST JUDE MED INC COM 790849103 2,590 72,700 SH SHARED 04 72,700
SCHERING PLOUGH CORP COM 806605101 28,277 538,600 SH SHARED 04 538,600
SCRIPPS E W CO OHIO CL A 811054204 1,165 24,500 SH SHARED 04 24,500
TEXACO INC COM 881694103 6,337 101,600 SH SHARED 04 101,600
TIFFANY & CO NEW COM 886547108 1,853 SH SHARED 04 19,200
TRINITY INDS INC COM 896522109 1,655 49,400 SH SHARED 04 49,400
VULCAN MATLS CO COM 929160109 7,802 161,700 SH SHARED 04 161,700
WAL MART STORES INC COM 931142103 5,915 122,600 SH SHARED 04 122,600
WARNER LAMBERT CO COM 934488107 25,507 369,000 SH SHARED 04 369,000
WASHINGTON POST CO CL B 939640108 3,710 6,900 SH SHARED 04 6,900
WELLS FARGO & CO COM 949740104 18,468 432,000 SH SHARED 04 432,000
</TABLE>
