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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 09-30-97
Institutional Investment Manager:
PACIFIC TELESIS GROUP
130 KEARNEY STREET
SAN FRANCISCO CA 94108
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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 and Exchange Act of 1934.
Donald E. Kiernan
Executive Vice President,
Chief Financial Officer
and Treasurer
210-351-2200
_/s/ Donald E. Kiernan_
Donald E. Kiernan
San Antonio, TX November 3, 1997
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Name, Title and Telephone Number of Person Submitting Report:
DONALD E. KIERNAN EVP, CFO & TREASURER 210-351-2200
Signature, Place and Date of Signing:
/s/ DONALD E. KIERNAN SAN ANTONIO TX 11-03-97
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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
AT&T CORP COM 001957109 1881 42500 SH SOLE 42500
ABBOTT LABS COM 002824100 7666 119900 SH SOLE 119900
AETNA INC COM 008117103 966 11858 SH SOLE 11858
AHMANSON H F & CO COM 008677106 3591 63200 SH SOLE 63200
AIRTOUCH COMMUNICATIONS INC COM 00949T100 2598 73300 SH SOLE 73300
ALBERTO CULVER CO CL B CONV 013068101 1674 55000 SH SOLE 55000
ALLSTATE CORP COM 020002101 2484 30900 SH SOLE 30900
ALUMINUM CO AMER COM 022249106 1427 17400 SH SOLE 17400
ALZA CORP DEL COM 022615108 3541 122100 SH SOLE 122100
AMERADA HESS CORP COM 023551104 1228 19900 SH SOLE 19900
AMERICAN HOME PRODS CORP COM 026609107 7833 107300 SH SOLE 107300
AMERICAN INTL GROUP INC COM 026874107 11249 109012 SH SOLE 109012
AMERICAN STORES CO NEW COM 030096101 946 38800 SH SOLE 38800
AMERITECH CORP NEW COM 030954101 6065 91200 SH SOLE 91200
AMGEN INC COM 031162100 2119 44200 SH SOLE 44200
AMOCO CORP COM 031905102 3431 35600 SH SOLE 35600
ANDREW CORP COM 034425108 3579 136687 SH SOLE 136687
APPLIED MATLS INC COM 038222105 8411 88300 SH SOLE 88300
ARCHER DANIELS MIDLAND CO COM 039483102 5771 241093 SH SOLE 241093
AVON PRODS INC COM 054303102 3286 53000 SH SOLE 53000
BAKER HUGHES INC COM 057224107 3807 86900 SH SOLE 86900
BALL CORP COM 058498106 957 27500 SH SOLE 27500
BANC ONE CORP COM 059438101 5704 101851 SH SOLE 101851
BANKAMERICA CORP COM 066050105 11891 162200 SH SOLE 162200
BANKBOSTON CORP COM 06605R106 2211 25000 SH SOLE 25000
BECTON DICKINSON & CO COM 075887109 3983 83200 SH SOLE 83200
BELL ATLANTIC CORP COM 077853109 5081 63163 SH SOLE 63163
BELLSOUTH CORP COM 079860102 7104 153600 SH SOLE 153600
BEVERLY ENTERPRISES INC COM 087851101 5056 291000 SH SOLE 291000
BIOMET INC COM 090613100 2489 103700 SH SOLE 103700
BLACK & DECKER CORP COM 091797100 3736 100300 SH SOLE 100300
BOEING CO COM 097023105 3395 62374 SH SOLE 62374
BOSTON SCIENTIFIC CORP COM 101137107 1711 31000 SH SOLE 31000
BRISTOL MYERS SQUIBB CO COM 110122108 2780 33600 SH SOLE 33600
BROWNING FERRIS INDS COM 115885105 4290 112700 SH SOLE 112700
BRUNSWICK CORP COM 117043109 1763 50000 SH SOLE 50000
BURLINGTON NORTHN SANTA FE CP COM 12189T104 2995 31000 SH SOLE 31000
CASE CORP COM 14743R103 2332 35000 SH SOLE 35000
CATERPILLAR INC DEL COM 149123101 3819 70800 SH SOLE 70800
CHASE MANHATTAN CORP NEW COM 16161A108 6938 58800 SH SOLE 58800
CHEVRON CORPORATION COM 166751107 3813 45900 SH SOLE 45900
CHRYSLER CORP COM 171196108 2703 73434 SH SOLE 73434
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 3878 96200 SH SOLE 96200
CISCO SYS INC COM 17275R102 4968 68000 SH SOLE 68000
CITICORP COM 173034109 17546 131000 SH SOLE 131000
COCA COLA CO COM 191216100 16183 265300 SH SOLE 265300
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 2588 90000 SH SOLE 90000
COMERICA INC COM 200340107 4042 51200 SH SOLE 51200
COMPAQ COMPUTER CORP COM 204493100 11138 149000 SH SOLE 149000
COMPUTER SCIENCES CORP COM 205363104 3071 43400 SH SOLE 43400
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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
CONAGRA INC COM 205887102 4620 69800 SH SOLE 69800
CONSECO INC COM 208464107 6246 127800 SH SOLE 127800
COOPER INDS INC COM 216669101 3244 60000 SH SOLE 60000
COORS ADOLPH CO CL B 217016104 2273 60000 SH SOLE 60000
CORNING INC COM 219350105 2755 58300 SH SOLE 58300
CSX CORP COM 126408103 1463 25000 SH SOLE 25000
CUMMINS ENGINE INC COM 231021106 4543 58200 SH SOLE 58200
DATA GEN CORP COM 237688106 6406 240600 SH SOLE 240600
DAYTON HUDSON CORP COM 239753106 8821 146400 SH SOLE 146400
DEERE & CO COM 244199105 951 17700 SH SOLE 17700
DILLARDS INC CL A 254067101 1008 23000 SH SOLE 23000
DISNEY WALT CO COM 254687106 8609 106783 SH SOLE 106783
DOW CHEM CO COM 260543103 3673 40500 SH SOLE 40500
DTE ENERGY CO COM 233331107 1151 37800 SH SOLE 37800
DU PONT E I DE NEMOURS & CO COM 263534109 6082 98800 SH SOLE 98800
E M C CORP MASS COM 268648102 2627 45000 SH SOLE 45000
EASTMAN KODAK CO COM 277461109 929 14300 SH SOLE 14300
ECHLIN INC COM 278749106 1406 40100 SH SOLE 40100
EDISON INTL COM 281020107 4265 168900 SH SOLE 168900
ENSERCH EXPLORATION INC COM 29356V100 1626 180690 SH SOLE 180690
ENTERGY CORP NEW COM 29364G103 3180 122000 SH SOLE 122000
EXXON CORP COM 302290101 16515 257800 SH SOLE 257800
FEDERAL EXPRESS CORP COM 313309106 8304 103800 SH SOLE 103800
FEDERAL NATL MTG ASSN COM 313586109 3271 69600 SH SOLE 69600
FIRST UN CORP COM 337358105 6168 123200 SH SOLE 123200
FLEMING COS INC COM 339130106 1536 83900 SH SOLE 83900
FORD MTR CO DEL COM 345370100 5022 111300 SH SOLE 111300
FORT JAMES CORP COM 347471104 5429 118500 SH SOLE 118500
GAP INC DEL COM 364760108 3000 60000 SH SOLE 60000
GENERAL ELEC CO COM 369604103 25306 371800 SH SOLE 371800
GENERAL MTRS CORP COM 370442105 7055 105400 SH SOLE 105400
GENERAL RE CORP COM 370563108 4030 20300 SH SOLE 20300
GEORGIA PAC CORP COM 373298108 6148 58900 SH SOLE 58900
GILLETTE CO COM 375766102 2244 26000 SH SOLE 26000
GOODRICH B F CO COM 382388106 905 20000 SH SOLE 20000
GOODYEAR TIRE & RUBR CO COM 382550101 1843 26800 SH SOLE 26800
GTE CORP COM 362320103 5967 131500 SH SOLE 131500
HALLIBURTON CO COM 406216101 3224 62000 SH SOLE 62000
HARCOURT GEN INC COM 41163G101 5501 111000 SH SOLE 111000
HARRIS CORP DEL COM 413875105 2288 50000 SH SOLE 50000
HELMERICH & PAYNE INC COM 423452101 1496 18700 SH SOLE 18700
HERCULES INC COM 427056106 1672 33600 SH SOLE 33600
HEWLETT PACKARD CO COM 428236103 7958 114400 SH SOLE 114400
HILTON HOTELS CORP COM 432848109 2358 70000 SH SOLE 70000
HOUSEHOLD INTL INC COM 441815107 4278 37800 SH SOLE 37800
HOUSTON INDS INC COM 442161105 1483 68200 SH SOLE 68200
INTEL CORP COM 458140100 17392 188400 SH SOLE 188400
INTERNATIONAL BUSINESS MACHS COM 459200101 13165 124200 SH SOLE 124200
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 603 12300 SH SOLE 12300
ITT CORP NEW COM 450912100 1545 22800 SH SOLE 22800
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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
ITT INDS INC IND COM 450911102 757 22800 SH SOLE 22800
JOHNSON & JOHNSON COM 478160104 11964 207400 SH SOLE 207400
JOHNSON CTLS INC COM 478366107 2290 46200 SH SOLE 46200
JOSTENS INC COM 481088102 705 26000 SH SOLE 26000
KROGER CO COM 501044101 6273 207800 SH SOLE 207800
LILLY ELI & CO COM 532457108 4840 40000 SH SOLE 40000
LIMITED INC COM 532716107 948 38800 SH SOLE 38800
LINCOLN NATL CORP IND COM 534187109 2019 29000 SH SOLE 29000
LOEWS CORP COM 540424108 5198 46000 SH SOLE 46000
LOWES COS INC COM 548661107 2585 66500 SH SOLE 66500
LUCENT TECHNOLOGIES INC COM 549463107 3339 41029 SH SOLE 41029
MALLINCKRODT INC NEW COM 561232109 720 20000 SH SOLE 20000
MANOR CARE INC COM 564054104 1870 56250 SH SOLE 56250
MARRIOTT INTL INC COM 571900109 2771 39000 SH SOLE 39000
MBNA CORP COM 55262L100 583 14400 SH SOLE 14400
MCDONALDS CORP COM 580135101 3977 83500 SH SOLE 83500
MCI COMMUNICATIONS CORP COM 552673105 414 14100 SH SOLE 14100
MELLON BK CORP COM 585509102 2283 41700 SH SOLE 41700
MERCK & CO INC COM 589331107 13532 135400 SH SOLE 135400
MEREDITH CORP COM 589433101 1988 60000 SH SOLE 60000
MERRILL LYNCH & CO INC COM 590188108 16025 216000 SH SOLE 216000
MICRON TECHNOLOGY INC COM 595112103 2706 78000 SH SOLE 78000
MICROSOFT CORP COM 594918104 22149 167400 SH SOLE 167400
MOBIL CORP COM 607059102 9368 126600 SH SOLE 126600
MOORE LTD COM 615785102 2166 114000 SH SOLE 114000
MORGAN J P & CO INC COM 616880100 1432 12600 SH SOLE 12600
MORGAN STANLEY DEAN WITTR DISC COM NEW 617446448 8880 164250 SH SOLE 164250
MORTON INTL INC IND NEW COM 619335102 870 24600 SH SOLE 24600
MOTOROLA INC COM 620076109 6562 91300 SH SOLE 91300
NATIONSBANK CORP COM 638585109 4579 74000 SH SOLE 74000
NEW YORK TIMES CO CL A 650111107 1050 20000 SH SOLE 20000
NEWELL CO COM 651192106 2912 72800 SH SOLE 72800
NORTHERN TELECOM LTD COM 665815106 3638 35000 SH SOLE 35000
NORWEST CORP COM 669380107 7938 129600 SH SOLE 129600
ORYX ENERGY COMPANY COM 68763F100 5304 208500 SH SOLE 208500
PENNZOIL CO COM 709903108 3960 49700 SH SOLE 49700
PEPSICO INC COM 713448108 13621 335800 SH SOLE 335800
PFIZER INC COM 717081103 6824 113500 SH SOLE 113500
PG&E CORP COM 69331C108 3807 164200 SH SOLE 164200
PHELPS DODGE CORP COM 717265102 3998 51500 SH SOLE 51500
PHILIP MORRIS COS INC COM 718154107 13354 321300 SH SOLE 321300
PHILLIPS PETE CO COM 718507106 7047 136500 SH SOLE 136500
PITNEY BOWES INC COM 724479100 2080 25000 SH SOLE 25000
PRAXAIR INC COM 74005P104 3373 65900 SH SOLE 65900
PROCTER & GAMBLE CO COM 742718109 7859 113800 SH SOLE 113800
PUBLIC SVC ENTERPRISE GROUP COM 744573106 973 37800 SH SOLE 37800
QUAKER OATS CO COM 747402105 7153 142000 SH SOLE 142000
ROCKWELL INTL CORP NEW COM 773903109 1630 25900 SH SOLE 25900
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 7420 133700 SH SOLE 133700
RUSSELL CORP COM 782352108 1027 34900 SH SOLE 34900
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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
RYDER SYS INC COM 783549108 1797 50000 SH SOLE 50000
SAFECO CORP COM 786429100 1834 34600 SH SOLE 34600
SARA LEE CORP COM 803111103 4985 96800 SH SOLE 96800
SBC COMMUNICATIONS INC COM 78387G103 6336 103135 SH SOLE 103135
SCHERING PLOUGH CORP COM 806605101 10032 194800 SH SOLE 194800
SCHLUMBERGER LTD COM 806857108 3149 37400 SH SOLE 37400
SEAGATE TECHNOLOGY COM 811804103 4220 116400 SH SOLE 116400
SEARS ROEBUCK & CO COM 812387108 1298 22800 SH SOLE 22800
SERVICE CORP INTL COM 817565104 2141 66900 SH SOLE 66900
SONAT INC COM 835415100 1018 20000 SH SOLE 20000
SPRINT CORP COM 852061100 2915 58300 SH SOLE 58300
SUN MICROSYSTEMS INC COM 866810104 9400 200800 SH SOLE 200800
SUPERVALU INC COM 868536103 2928 74600 SH SOLE 74600
TANDY CORP COM 875382103 3874 115200 SH SOLE 115200
TELLABS INC COM 879664100 2956 57400 SH SOLE 57400
TEXACO INC COM 881694103 14081 229200 SH SOLE 229200
TEXAS INSTRS INC COM 882508104 7692 57400 SH SOLE 57400
TEXAS UTILS CO COM 882848104 976 27112 SH SOLE 27112
3COM CORP COM 885535104 1435 28000 SH SOLE 28000
TIMKEN CO COM 887389104 1923 48000 SH SOLE 48000
TJX COS INC NEW COM 872540109 8013 262200 SH SOLE 262200
TORCHMARK CORP COM 891027104 2606 66400 SH SOLE 66400
TRAVELERS GROUP INC COM 894190107 8885 130065 SH SOLE 130065
TRIBUNE CO NEW COM 896047107 2527 47400 SH SOLE 47400
TUPPERWARE CORP COM 899896104 1373 48800 SH SOLE 48800
TYCO INTL LTD NEW COM 902124106 7894 96200 SH SOLE 96200
U S WEST INC COM-MEDIA GRP 912889201 5377 241000 SH SOLE 241000
UNICOM CORP COM 904911104 2969 127000 SH SOLE 127000
UNION CARBIDE CORP COM 905581104 3223 66200 SH SOLE 66200
UNITED STATES SURGICAL CORP COM 912707106 3188 109000 SH SOLE 109000
UNITED TECHNOLOGIES CORP COM 913017109 7501 92600 SH SOLE 92600
USF&G CORP COM 903290104 1835 80000 SH SOLE 80000
UST INC COM 902911106 1195 39100 SH SOLE 39100
USX-U S STL COM 90337T101 3475 100000 SH SOLE 100000
V F CORP COM 918204108 2195 23700 SH SOLE 23700
VIACOM INC CL B 925524308 639 20195 SH SOLE 20195
WAL MART STORES INC COM 931142103 6014 164200 SH SOLE 164200
WARNER LAMBERT CO COM 934488107 2537 18800 SH SOLE 18800
WENDYS INTL INC COM 950590109 1165 54800 SH SOLE 54800
WESTERN ATLAS INC COM 957674104 3282 37300 SH SOLE 37300
WORLDCOM INC GA COM 98155K102 11699 330700 SH SOLE 330700
REPORT SUMMARY 191 DATA RECORDS 894645 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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