SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)(1)
JACO ELECTRONICS, INC.
------------------------------
(Name of Issuer)
COMMON STOCK
---------------------------------
(Title of Class of Securities)
469783104
-----------------------
(Cusip Number)
(1)The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act, but shall be subject to all other provisions
of the Act (however, see the Notes.)
[Continued on the following page(s)]
Page 1 of 5 Pages
<PAGE>
CUSIP No. 469783104 13G Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1. Name of reporting persons
S.S. or I.R.S. identification no. of above persons
State Retirement and Pension System of Maryland
52-1323466
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group*
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3. SEC use only
- --------------------------------------------------------------------------------
4. Citizenship or place of organization
Maryland
- --------------------------------------------------------------------------------
5. Sole Voting Power
0
Number of ------------------------------------------------------
shares 6. Shared Voting Power
beneficially
owned by 0
each ------------------------------------------------------
reporting 7. Sole Dispositive Power
person
with 0
------------------------------------------------------
8. Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
0
- --------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain shares*
[ ]
- --------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
0.00%
- --------------------------------------------------------------------------------
12. Type of reporting person
BP
<PAGE>
CUSIP No. 469783104 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
JACO ELECTRONICS, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
145 Oser Avenue
Hauppauge NY 11788
Item 2(a). Name of Person Filing:
State Retirement and Pension System of Maryland
Item 2(b). Address of Principal Business Office or, if None,
Residence:
301 West Preston Street, Room 901 A
Baltimore, MD 21201
Item 2(c). Citizenship:
Maryland
Item 2(d). Title of Class of Securities:
COMMON STOCK
Item 2(e). CUSIP Number:
469783104
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act,
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
<PAGE>
CUSIP No. 469783104 13G Page 4 of 5 Pages
(f) [ X ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(1)(ii)(G); see Item 7,
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership:
(a) Amount beneficially owned: Dow Employees' Pension Plan is the
beneficial owner of 280,000 shares of the common stock of the
Issuer.
(b) Percent of Class: 0.00%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 0
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct
the disposition of 0
(iv) Shared power to dispose or to direct
the disposition of 0
<PAGE>
CUSIP No. 469783104 13G Page 5 of 5 Pages
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company.
None
Item 8. Identification and Classification of Members of the Group.
Not Applicable. This schedule is not being filed pursuant to
Rule 13d-1(b)(1)(ii)(H) or Rule 13d-1(c).
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
"By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect."
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 10, 1998
Signature: /s/ R. Carol Casey
Name/Title: R. Carol Casey
Chief Investment Officer
