UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13-G
Under the Securities Exchange Act of 1934
Name of Issuer: Libbey Incorporated
Title Class of Securities: Common Stock
CUSIP Number: 529898108
CUSIP No. 529898108
1. NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
State Board of Administration of Florida
Florida Retirement System - Federal ID # 59-6001872
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Florida Retirement System (Pension Fund)
[ ] a
[ ] b
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
1801 Hermitage Boulevard, Suite 100
P.O. Box 13300
Tallahassee, FL 32317-3300
5. SOLE VOTING POWER
801,000 Shares
6. SHARED VOTING POWER
N/A
7. SOLE DISPOSITIVE POWER
801,000 Shares
8. SHARED DISPOSITIVE POWER
N/A
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
801,000 Shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.64 percent
12. TYPE OF REPORTING PERSON
EP (Employee Benefit Plan, Pension Fund, or Endowment Fund)
GENERAL INSTRUCTIONS
A. Statements containing the information required by this schedule
shall be
filed not later than February 14 following the calendar year
covered by the
statement or within the time specified in rule 13d-1(b)(2), if
applicable.
B. Information contained in a form which is required to be filed
by rules
under section 13(f) (15 U.S.C. 78 m(f)) for the same calendar
year as that
covered by a statement on this schedule may be incorporated by
reference in
response to any of the items of this schedule. If such
information is
incorporated by reference in this schedule, copies of relevant
pages of such
form shall be filed as an exhibit to this schedule.
C. The item numbers and captions of the items shall be included
but the text
of the items is to be omitted. The answers to the items shall be
so prepared
as to indicate clearly the coverage of the items without referring
to the
text of the items. Answer every item. If an item is
inapplicable or the
answer is in the negative, so state.
Item 1.
(a) Name of Issuer
(a) Address of Issuer's Principal Executive Offices
Item 2.
(a) Name of Person Filing
(a) Address of Principal Business Office, or if none, Residence
(a) Citizenship
(a) Title of Class of Securities
(a) CUSIP Number
Item 3.If this statement is filed pursuant to Rule 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
(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 s. 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with s. 240.13d-
1(b)(ii)(G)
(note: see item 7)
(h) [ ] Group, in accordance with s. 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year
covered by
the statement, or as of the last day of any month described in
Rule 13d-
1(b)(2), if applicable, exceeds five percent, provide the
following
information as of that date and identify those shares which there
is a right
to acquire.
(a) Amount Beneficially Owned
(b) Percent of Class
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii)sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition
of
Item 5. Ownership of Five Percent or Less of a Class
(a) 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
If any other person is known to have the right to receive or the
power to
direct the receipt of dividends from, or the proceeds from the
sale of, such
securities, a statement to that effect should be included in
response to this
item and, if such interest relates to more than five percent of
the class,
such person should be identified. A listing of the shareholders
of an
investment company registered under the Investment Company Act of
1940 or the
beneficiaries of employee benefit plan, pension fund, or endowment
fund is
not required.
Item 7. Identification and Classification of the Subsidiary Which
Acquired
the Security Being Reported on By the Parent Holding Company
If a parent holding company has filed this schedule, pursuant
to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating
the identity and the Item 3 classification of the relevant
subsidiary. If a
parent holding company has filed this schedule pursuant to Rule
13d-1(c),
attach an exhibit stating the identification of the relevant
subsidiary.
Item 8. Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to Rule 13d-
1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the
identity and Item
3 classification of each member of the group. If a group has
filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of
each member of the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of group may be furnished as an exhibit
stating
the date of dissolution and that all further filings with respect
to
transactions in the security reported on will be filed, if
required, by
members of the group, in their individual capacity. See Item 5.
Item 10. Certification
The following certification shall be included if the
statement is filed
pursuant to Rule 13d-1(b):
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 purposes 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: 2/5/99
Signature: Tom Herndon
Name/Title: Tom Herndon, Executive Director