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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12-31-94
Institutional Investment Manager:
PACIFIC TELESIS GROUP
130 KEARNY STREET
SAN FRANCISCO CA 94108
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.
W. E. Downing Executive Vice President, (415)394-3950
Chief Financial Officer
and Treasurer
San Francisco, CA February 8, 1995
Name, Title and Telephone Number of Person Submitting Report:
W. E. DOWNING EVP, CFO & TREASURER 415-394-3950
Signature, Place and Date of Signing:
/s/ W. E. DOWNING SAN FRANCISCO CA 02-08-95
<PAGE> PAGE 2
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
AT & T CORP COM STK COMMON STOCK 001957109 9306 185200 SH SOLE 185200
ABBOTT LAB COM COMMON STOCK 002824100 3912 119900 SH SOLE 119900
ADVANCED MICRO DEVICES INC COMMON STOCK 007903107 4806 193200 SH SOLE 193200
AIR PROD & CHEM INC COM COMMON STOCK 009158106 946 21200 SH SOLE 21200
ALLIEDSIGNAL INC COM COMMON STOCK 019512102 2475 72800 SH SOLE 72800
ALUM CO AMER COM COMMON STOCK 022249106 3352 38700 SH SOLE 38700
AMERADA HESS CORP COM COMMON STOCK 023551104 2322 50900 SH SOLE 50900
AMER GEN CORP COM COMMON STOCK 026351106 712 25200 SH SOLE 25200
AMER HOME PROD CORP COM COMMON STOCK 026609107 2033 32400 SH SOLE 32400
AMER INTL GROUP INC COM COMMON STOCK 026874107 4748 48450 SH SOLE 48450
AMER STORES CO COM COMMON STOCK 030096101 2903 108000 SH SOLE 108000
AMERITECH CORP COM COMMON STOCK 030954101 3682 91200 SH SOLE 91200
AMGEN INC COM COMMON STOCK 031162100 3570 60500 SH SOLE 60500
AMOCO CORP COM COMMON STOCK 031905102 922 15600 SH SOLE 15600
ANDREW CORP COM COMMON STOCK 034425108 2116 40500 SH SOLE 40500
ANHEUSER-BUSCH COMPANIES INC COMMON STOCK 035229103 921 18100 SH SOLE 18100
ARCHER-DANIELS-MIDLAND CO COM COMMON STOCK 039483102 6540 317109 SH SOLE 317109
ASHLAND OIL INC COM COMMON STOCK 044540102 3874 112300 SH SOLE 112300
AVON PROD INC COM COMMON STOCK 054303102 1583 26500 SH SOLE 26500
BANC ONE CORP COMMON STOCK NO COMMON STOCK 059438101 2350 92592 SH SOLE 92592
BANKAMERICA CORP COM COMMON STOCK 066050105 1047 26500 SH SOLE 26500
BANKERS TR N.Y. CORP COM COMMON STOCK 066365107 604 10900 SH SOLE 10900
BECTON DICKINSON & CO COM COMMON STOCK 075887109 1440 30000 SH SOLE 30000
BELL ATLC CORP COM COMMON STOCK 077853109 2000 40200 SH SOLE 40200
BELLSOUTH CORP COM STK COMMON STOCK 079860102 4157 76800 SH SOLE 76800
BEVERLY ENTERPRISES INC COM COMMON STOCK 087851101 1075 74800 SH SOLE 74800
BLACK & DECKER CORP COM COMMON STOCK 091797100 931 39200 SH SOLE 39200
BOEING CO CAP COMMON STOCK 097023105 1415 30100 SH SOLE 30100
BROWNING-FERRIS IND INC COM COMMON STOCK 115885105 2752 97000 SH SOLE 97000
BRUNSWICK CORP COM COMMON STOCK 117043109 944 50000 SH SOLE 50000
BURL NTHN INC COM COMMON STOCK 121897102 3070 63800 SH SOLE 63800
CPC INTL INC COM COMMON STOCK 126149103 714 13400 SH SOLE 13400
CAP CITIES ABC INC COM COMMON STOCK 139859102 2046 24000 SH SOLE 24000
CATERPILLAR INC COM COMMON STOCK 149123101 1951 35400 SH SOLE 35400
CENTEX CORP COM COMMON STOCK 152312104 1019 44800 SH SOLE 44800
CHARMING SHOPPES INC COM COMMON STOCK 161133103 881 133000 SH SOLE 133000
CHASE MANHATTAN CORP COM COMMON STOCK 161610100 3235 94100 SH SOLE 94100
CHEM BKG CORP COM N.P COMMON STOCK 163722101 1033 28800 SH SOLE 28800
CHEVRON CORP COM COMMON STOCK 166751107 4400 98600 SH SOLE 98600
CHRYSLER CORP COM COMMON STOCK 171196108 2367 48300 SH SOLE 48300
CIRCUIT CY STORES INC COM COMMON STOCK 172737108 2585 116200 SH SOLE 116200
CITICORP COM COMMON STOCK 173034109 7820 189000 SH SOLE 189000
COCA COLA CO COM COMMON STOCK 191216100 8724 169400 SH SOLE 169400
COLUMBIA /HCA HEALTHCARE CORP COMMON STOCK 197677107 2190 60000 SH SOLE 60000
COMPAQ COMPUTER CORP COM COMMON STOCK 204493100 3271 82800 SH SOLE 82800
COMPUTER ASSOC INTL INC COM COMMON STOCK 204912109 6072 125200 SH SOLE 125200
COMPUTER SCI CORP COM COMMON STOCK 205363104 2213 43400 SH SOLE 43400
CONAGRA INC COM COMMON STOCK 205887102 3888 124400 SH SOLE 124400
CONRAIL INC COM COMMON STOCK 208368100 954 18900 SH SOLE 18900
CUMMINS ENGINE CO INC COM COMMON STOCK 231021106 2634 58200 SH SOLE 58200
<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
DSC COMMUNICATIONS CORP COM COMMON STOCK 233311109 3885 108300 SH SOLE 108300
DAYTON-HUDSON CORP COM COMMON STOCK 239753106 3453 48800 SH SOLE 48800
DEERE & CO COM COMMON STOCK 244199105 2458 37100 SH SOLE 37100
DET EDISON CO COM COMMON STOCK 250847100 988 37800 SH SOLE 37800
DILLARD DEPT STORES INC CL A COMMON STOCK 254063100 615 23000 SH SOLE 23000
WALT DISNEY COMPANY COM STK COMMON STOCK 254687106 2530 55000 SH SOLE 55000
DOW CHEM CO COM COMMON STOCK 260543103 2724 40500 SH SOLE 40500
DOW JONES & CO INC COM COMMON STOCK 260561105 3748 120900 SH SOLE 120900
DU PONT E I DE NEMOURS & CO COMMON STOCK 263534109 2773 49400 SH SOLE 49400
EASTMAN CHEM CO COM COMMON STOCK 277432100 2601 51500 SH SOLE 51500
EASTMAN KODAK CO COM COMMON STOCK 277461109 2559 53600 SH SOLE 53600
ECHLIN INC COM COMMON STOCK 278749106 1203 40100 SH SOLE 40100
ECOLAB INC COM COMMON STOCK 278865100 693 33200 SH SOLE 33200
ENRON CORP COM COMMON STOCK 293561106 2550 83600 SH SOLE 83600
EXXON CORP COM COMMON STOCK 302290101 7733 127300 SH SOLE 127300
FMC CORP COM (NEW) COMMON STOCK 302491303 1005 17400 SH SOLE 17400
FED EXPRESS CORP COM COMMON STOCK 313309106 3555 59000 SH SOLE 59000
F.N.M.A. COM COMMON STOCK 313586109 1815 24900 SH SOLE 24900
1ST UN CORP COM COMMON STOCK 337358105 2549 61600 SH SOLE 61600
FLEETWOOD ENTERPRISES INC COM COMMON STOCK 339099103 596 31800 SH SOLE 31800
FLUOR CORP COM COMMON STOCK 343861100 2268 52600 SH SOLE 52600
FORD MTR CO COM COMMON STOCK 345370100 4315 154800 SH SOLE 154800
GTE CORP COM COMMON STOCK 362320103 1655 54500 SH SOLE 54500
GENERAL ELECTRIC CO COM STK COMMON STOCK 369604103 14627 286800 SH SOLE 286800
GENERAL MOTORS CORP COMMON COMMON STOCK 370442105 4440 105400 SH SOLE 105400
GEN RE CORP COM COMMON STOCK 370563108 2507 20300 SH SOLE 20300
GILLETTE CO COM COMMON STOCK 375766102 973 13000 SH SOLE 13000
GOODYEAR TIRE & RUBBER CO COM COMMON STOCK 382550101 1574 46800 SH SOLE 46800
HARCOURT GEN INC COM COMMON STOCK 41163G101 3913 111000 SH SOLE 111000
HELMERICH & PAYNE INC COM COMMON STOCK 423452101 641 25000 SH SOLE 25000
HERCULES INC VTG COM COMMON STOCK 427056106 1292 11200 SH SOLE 11200
HEWLETT-PACKARD CO COM COMMON STOCK 428236103 2637 26400 SH SOLE 26400
HSTN IND INC COM COMMON STOCK 442161105 1215 34100 SH SOLE 34100
ITT CORP COM COMMON STOCK 450679105 2021 22800 SH SOLE 22800
INTEL CORP CAP COMMON STOCK 458140100 3385 53000 SH SOLE 53000
INTL BUSINESS MACH CORP CAP COMMON STOCK 459200101 6769 92100 SH SOLE 92100
INTL PAPER CO COM COMMON STOCK 460146103 3648 48400 SH SOLE 48400
JOHNSON & JOHNSON COM COMMON STOCK 478160104 5678 103700 SH SOLE 103700
JOHNSON CTL INC COM COMMON STOCK 478366107 1132 23100 SH SOLE 23100
KROGER CO COM COMMON STOCK 501044101 3621 150100 SH SOLE 150100
LILLY ELI & CO COM COMMON STOCK 532457108 1109 16900 SH SOLE 16900
LTD INC COM COMMON STOCK 532716107 703 38800 SH SOLE 38800
LINCOLN NATL CORP COM COMMON STOCK 534187109 1015 29000 SH SOLE 29000
LORAL CORP COM COMMON STOCK 543859102 1030 27200 SH SOLE 27200
LOTUS DEV CORP COM COMMON STOCK 545700106 1525 37200 SH SOLE 37200
LOUISIANA-PACIFIC CORP COM COMMON STOCK 546347105 458 16800 SH SOLE 16800
LOWES COS INC COM COMMON STOCK 548661107 3044 87600 SH SOLE 87600
MCI COMMUNICATIONS CORP COM COMMON STOCK 552673105 1738 94600 SH SOLE 94600
MALLINCKRODT GROUP INC COM COMMON STOCK 561226101 457 15300 SH SOLE 15300
MANOR CARE INC COM COMMON STOCK 564054104 1540 56250 SH SOLE 56250
<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
MATTEL INC COM COMMON STOCK 577081102 901 35858 SH SOLE 35858
MAY DEPT STORES CO COM COMMON STOCK 577778103 358 10600 SH SOLE 10600
MC DERMOTT INTL INC COM $1 COMMON STOCK 580037109 817 33000 SH SOLE 33000
MC DONNELL DOUGLAS CORP COM COMMON STOCK 580169100 2215 15600 SH SOLE 15600
MELLON BANK CORP COM COMMON STOCK 585509102 639 20850 SH SOLE 20850
MERCK & CO INC COM COMMON STOCK 589331107 2310 60600 SH SOLE 60600
MERRILL LYNCH & CO INC COM COMMON STOCK 590188108 4040 113000 SH SOLE 113000
MICROSOFT CORP COM COMMON STOCK 594918104 4872 79700 SH SOLE 79700
MOBIL CORP COM COMMON STOCK 607059102 5333 63300 SH SOLE 63300
MORGAN J P & CO INC COM COMMON STOCK 616880100 707 12600 SH SOLE 12600
MORTON INTL INC IND COM COMMON STOCK 619331101 701 24600 SH SOLE 24600
MOTOROLA INC COM COMMON STOCK 620076109 1230 21200 SH SOLE 21200
NATIONSBANK CORP COM COMMON STOCK 638585109 767 17000 SH SOLE 17000
NEWELL CO COM COMMON STOCK 651192106 1529 72800 SH SOLE 72800
NORWEST CORP COM COMMON STOCK 669380107 3029 129600 SH SOLE 129600
NUCOR CORP COM COMMON STOCK 670346105 1661 30000 SH SOLE 30000
OGDEN CORP COM COMMON STOCK 676346109 998 53200 SH SOLE 53200
PAC GAS & ELEC CO COM COMMON STOCK 694308107 4002 164200 SH SOLE 164200
PAC TELESIS GROUP COM COMMON STOCK 694890104 2787 97800 SH SOLE 97800
PANHANDLE EASTN CORP COM COMMON STOCK 698462108 715 36200 SH SOLE 36200
PENNEY J.C CO INC COM COMMON STOCK 708160106 2892 64800 SH SOLE 64800
PEPSICO INC COM COMMON STOCK 713448108 6086 167900 SH SOLE 167900
PFIZER INC COM COMMON STOCK 717081103 5608 72600 SH SOLE 72600
PHELPS DODGE CORP CAP COMMON STOCK 717265102 3187 51500 SH SOLE 51500
PHILIP MORRIS COMPANIES INC COMMON STOCK 718154107 615 107100 SH SOLE 107100
PHILLIPS PETRO CO COM COMMON STOCK 718507106 447 136500 SH SOLE 136500
PITNEY BOWES INC COM COMMON STOCK 724479100 794 25000 SH SOLE 25000
PLACER DOME INC COM COMMON STOCK 725906101 1483 68200 SH SOLE 68200
PRAXAIR INC COM COMMON STOCK 74005P104 1351 65900 SH SOLE 65900
PREMARK INTL INC COM COMMON STOCK 740459102 6542 146200 SH SOLE 146200
PROCTER & GAMBLE CO COM COMMON STOCK 742718109 3528 56900 SH SOLE 56900
PROMUS COS INC COMMON STOCK 74342A109 1538 49800 SH SOLE 49800
PUB SERVICE ENTERPRISE GROUP COMMON STOCK 744573106 3805 143600 SH SOLE 143600
QUAKER OATS CO COM COMMON STOCK 747402105 1445 47000 SH SOLE 47000
ROYAL DUTCH PETE NY REG SH COMMON STOCK 780257705 5786 53700 SH SOLE 53700
RUSSELL CORP COM COMMON STOCK 782352108 1095 34900 SH SOLE 34900
RYDER SYS INC COM COMMON STOCK 783549108 1100 50000 SH SOLE 50000
SALOMON INC COM COMMON STOCK 79549B107 825 22000 SH SOLE 22000
SANTA FE ENERGY RES INC COM COMMON STOCK 802012104 560 70000 SH SOLE 70000
SANTA FE PAC GOLD CORP COM COMMON STOCK 802176107 184 14160 SH SOLE 14160
SARA LEE CORP COM COMMON STOCK 803111103 244 96800 SH SOLE 96800
SCHERING-PLOUGH CORP COM COMMON STOCK 806605101 3604 48700 SH SOLE 48700
SCHLUMBERGER LTD COM COMMON STOCK 806857108 942 18700 SH SOLE 18700
SERVICE CORP INTL COM COMMON STOCK 817565104 928 33450 SH SOLE 33450
SHONEY S INC COM COMMON STOCK 825039100 323 25300 SH SOLE 25300
SOUTHERN CO COM STK COMMON STOCK 842587107 1836 91800 SH SOLE 91800
S.WESTN BELL CORP COM COMMON STOCK 845333103 1276 31600 SH SOLE 31600
SPRINT CORP COM COMMON STOCK 852061100 3619 131000 SH SOLE 131000
SUPER VALU INC COM COMMON STOCK 868536103 3037 124600 SH SOLE 124600
TJX COS INC COM NEW COMMON STOCK 872540109 2048 131100 SH SOLE 131100
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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
TANDEM COMPUTERS INC COM COMMON STOCK 875370108 2293 133900 SH SOLE 133900
TELE COMMUNICATIONS INC CL COMMON STOCK 87924V101 2042 93900 SH SOLE 93900
TEXACO INC COM COMMON STOCK 881694103 2670 44600 SH SOLE 44600
TEX INSTR INC COM COMMON STOCK 882508104 2710 36200 SH SOLE 36200
TEXTRON INC COM COMMON STOCK 883203101 695 13800 SH SOLE 13800
TIME WARNER INC COM COMMON STOCK 887315109 829 23600 SH SOLE 23600
TORCHMARK CORP COM COMMON STOCK 891027104 1158 33200 SH SOLE 33200
TRANSAMERICA CORP COM COMMON STOCK 893485102 756 15200 SH SOLE 15200
TRAVELERS INC COM COMMON STOCK 894190107 2348 72533 SH SOLE 72533
TRIBUNE CO COM COMMON STOCK 896047107 1298 23700 SH SOLE 23700
UST INC COM COMMON STOCK 902911106 1090 39100 SH SOLE 39100
USF & G CORP COM COMMON STOCK 903290104 1090 80000 SH SOLE 80000
UNICOM CORP COM COMMON STOCK 904911104 3048 127000 SH SOLE 127000
UN CARBIDE CORP COM COMMON STOCK 905581104 6163 209800 SH SOLE 209800
UNOCAL CORP COM COMMON STOCK 915289102 1597 58600 SH SOLE 58600
V F CORP COM COMMON STOCK 918204108 1152 23700 SH SOLE 23700
VIACOM INC CL A COM COMMON STOCK 925524100 517 12432 SH SOLE 12432
VIACOM INC VAR COM RT 9-29-95 COMMON STOCK 925524142 175 155400 SH SOLE 155400
VIACOM INC CL B COM COMMON STOCK 925524308 3838 94195 SH SOLE 94195
WAL-MART STORES INC COM COMMON STOCK 931142103 5308 249800 SH SOLE 249800
WARNER LAMBERT CO COM COMMON STOCK 934488107 370 48100 SH SOLE 48100
WENDY S INTL INC COM COMMON STOCK 950590109 2547 177200 SH SOLE 177200
WEYERHAEUSER CO COM COMMON STOCK 962166104 2959 78900 SH SOLE 78900
WILLIAMS CO INC COM COMMON STOCK 969457100 1779 70800 SH SOLE 70800
REPORT SUMMARY 174 DATA RECORDS 426239 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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