TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
SC 13G, 2000-02-14
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   ----------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
                           PURSUANT TO RULE 13d-2(b)

                              (Amendment No. __)(1)

                        Martin Marietta Materials, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                  573284-10-6
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                               December 31, 1999
- --------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

      Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:

      |X| Rule 13d-1 (b)
      |_| Rule 13d-1 (c)
      |_| Rule 13d-1 (d)

- ----------
      (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 disclosures provided in a prior cover page.

      The information required on 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).
<PAGE>

CUSIP No. 573284-10-6             SCHEDULE 13G                Page 2 of 15 Pages
- --------------------------------------------------------------------------------
1     NAME OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

      Trustees of General Electric Pension Trust
      I.R.S. # 14-6015763
- --------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |X|
- --------------------------------------------------------------------------------
3     SEC USE ONLY


- --------------------------------------------------------------------------------
4     CITIZENSHIP OR PLACE OF ORGANIZATION

      State of New York
- --------------------------------------------------------------------------------
                  5     SOLE VOTING POWER

                        None
                  --------------------------------------------------------------
  NUMBER OF       6     SHARED VOTING POWER
    SHARES
 BENEFICIALLY           1,325,414
   OWNED BY       --------------------------------------------------------------
     EACH         7     SOLE DISPOSITIVE POWER
  REPORTING
    PERSON              None
     WITH         --------------------------------------------------------------
                  8     SHARED DISPOSITIVE POWER

                        1,325,414
- --------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      1,325,414
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*

                                                                             |_|
- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      2.84% (5.03% if aggregated with the shares beneficially owned by General
      Electric Investment Corporation and GE Asset Management Incorporated)
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*

      EP
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

CUSIP No. 573284-10-6             SCHEDULE 13G                Page 3 of 15 Pages
- --------------------------------------------------------------------------------
1     NAME OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

      General Electric Investment Corporation, as Investment Manager of GEPT
      (as defined below) and as Investment Adviser to certain other entities and
      accounts
      I.R.S. #22-2152310
- --------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |X|
- --------------------------------------------------------------------------------
3     SEC USE ONLY


- --------------------------------------------------------------------------------
4     CITIZENSHIP OR PLACE OF ORGANIZATION

      State of Delaware
- --------------------------------------------------------------------------------
                  5     SOLE VOTING POWER

                        39,600
                  --------------------------------------------------------------
  NUMBER OF       6     SHARED VOTING POWER
    SHARES
 BENEFICIALLY           1,325,414
   OWNED BY       --------------------------------------------------------------
     EACH         7     SOLE DISPOSITIVE POWER
  REPORTING
    PERSON              39,600
     WITH         --------------------------------------------------------------
                  8     SHARED DISPOSITIVE POWER

                        1,325,414
- --------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      1,325,414
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*

                                                                             |_|
- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      2.92% (5.03% if aggregated with the shares beneficially owned by GE
            Asset Management Incorporated)
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*

      IA, CO
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

CUSIP No. 573284-10-6             SCHEDULE 13G                Page 4 of 15 Pages
- --------------------------------------------------------------------------------
1     NAME OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

      GE Asset Management Incorporated (formerly, GE Investment Management
      Incorporated), as Investment Adviser to certain entities and accounts
      I.R.S. #06-1238874
- --------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |X|
- --------------------------------------------------------------------------------
3     SEC USE ONLY


- --------------------------------------------------------------------------------
4     CITIZENSHIP OR PLACE OF ORGANIZATION

      State of Delaware
- --------------------------------------------------------------------------------
                  5     SOLE VOTING POWER

                        983,307
                  --------------------------------------------------------------
  NUMBER OF       6     SHARED VOTING POWER
    SHARES
 BENEFICIALLY           None
   OWNED BY       --------------------------------------------------------------
     EACH         7     SOLE DISPOSITIVE POWER
  REPORTING
    PERSON              983,307
     WITH         --------------------------------------------------------------
                  8     SHARED DISPOSITIVE POWER

                        None
- --------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      983,307
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*

                                                                             |_|
- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      2.11% (5.03% if aggregated with the shares beneficially owned by General
      Electric Investment Corporation)
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*

      IA, CO
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

CUSIP No. 573284-10-6             SCHEDULE 13G                Page 5 of 15 Pages
- --------------------------------------------------------------------------------
1     NAME OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

      General Electric Company
      I.R.S. # 14-0689340
- --------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |X|
- --------------------------------------------------------------------------------
3     SEC USE ONLY


- --------------------------------------------------------------------------------
4     CITIZENSHIP OR PLACE OF ORGANIZATION

      State of New York
- --------------------------------------------------------------------------------
                  5     SOLE VOTING POWER

                        0
                  --------------------------------------------------------------
  NUMBER OF       6     SHARED VOTING POWER
    SHARES
 BENEFICIALLY           Disclaimed (see 9 below)
   OWNED BY       --------------------------------------------------------------
     EACH         7     SOLE DISPOSITIVE POWER
  REPORTING
    PERSON              0
     WITH         --------------------------------------------------------------
                  8     SHARED DISPOSITIVE POWER

                        Disclaimed (see 9 below)
- --------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      Beneficially ownership of all shares disclaimed by General Electric
      Company
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*

      Disclaimed (see 9 above)                                               |X|
- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      Not applicable (see 9 above)
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*

      CO
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

INTRODUCTORY NOTE: This Statement on Schedule 13G is filed on behalf of General
Electric Company, a New York corporation ("GE"), General Electric Investment
Corporation, a Delaware corporation and a wholly owned subsidiary of GE
("GEIC"), GE Asset Management Incorporated (formerly, GE Investment Management
Incorporated), a Delaware corporation and a wholly owned subsidiary of GE
("GEAM") and the Trustees of General Electric Pension Trust, a New York common
law trust ("GEPT") (the "Schedule 13G"). GEIC is a registered investment adviser
and acts as the Investment Manager of GEPT, and as an Investment Adviser to
certain other entities and accounts, and may be deemed to be the beneficial
owner of 1,325,414 shares of Common Stock of Martin Marietta Materials, Inc.
(the "Issuer") owned by GEPT and of 39,600 shares of Common Stock of the Issuer
owned by such other entities and accounts. GEAM is a registered investment
adviser and acts as an Investment Adviser to certain entities and accounts, and
may be deemed to be the beneficial owner of 983,307 shares of Common Stock of
the Issuer owned by such entities or accounts. GEAM, GEPT and GEIC each
expressly disclaim that they are members of a "group". GE disclaims beneficial
ownership of all shares and expressly disclaims that it is a member of a
"group".

Item 1(a) Name of Issuer

            Martin Marietta Materials, Inc.

Item 1(b) Address of Issuer's Principal Executive Office

            2710 Wycliff Road, Raleigh, North Carolina 27607

Item 2(a) Name of Person Filing

            Trustees of General Electric Pension Trust (See Schedule II)

            General Electric Investment Corporation, as Investment Manager of
            GEPT and as Investment Adviser to certain other entities and
            accounts.

            GE Asset Management Incorporated, as Investment Adviser to certain
            entities and accounts.

            General Electric Company

Item 2(b) Address of Principal Business Office or, if none, Residence

            The address of the principal offices of GEPT, GEIC and GEAM is 3003
            Summer Street Stamford, Connecticut 06904. The address of the
            principal offices of General Electric Company is 3135 Easton
            Turnpike, Fairfield, Connecticut 06431.

Item 2(c) Citizenship


                                  Page 6 of 15
<PAGE>

            General Electric Pension Trust - New York common law trust
            General Electric Investment Corporation - Delaware corporation
            GE Asset Management Incorporated - Delaware corporation
            General Electric Company - New York corporation

Item 2(d) Title of Class of Securities

            Common Stock

Item 2(e) CUSIP Number

            573284-10-6

Item 3 If this statement is filed pursuant to ss.ss.240.13d-1(b) or 240.13-2(b)
       or (c), check whether the person filing is a:

            (a) [ ]  Broker or Dealer registered under Section 15 of the Act (15
                     U.S.C.78o)

            (b) [ ]  Bank as defined in Section 3(a)(6) of the Act
                     (15 U.S.C.78c)

            (c) [ ]  Insurance company as defined in Section 3(a)(19) of the Act
                     (15 U.S.C.78c)

            (d) [ ]  Investment Company registered under Section 8 of the
                     Investment Company Act of 1940 (U.S.C.80a-8)

            (e) [ ]  An Investment Adviser in accordance with
                     ss.240.13-1(b)(1)(ii)(E)

            (f) [ ]  An Employee Benefit Plan or Endowment Fund in accordance
                     with ss.240.13d-1(b)(1)(ii)(F)

            (g) [ ]  A Parent Holding Company or Control Person in accordance
                     with ss.240.13d-1(b)(1)(ii)(G)

            (h) [ ]  A Savings Association as defined in Section 3(b) of the
                     federal Deposit Insurance Act (U.S.C. 1813)

            (i) [ ]  A Church Plan that is excluded from the definition of an
                     investment company under Section 3(c)(14) of the Investment
                     Company Act of 1940 (15 U.S.C. 80a-3)

            (j) [X]  Group, in accordance withss.240.13d-1(b)(1)(ii)(J)

Item 4 Ownership


                                  Page 7 of 15
<PAGE>

                                       GEPT       GEIC      GEAM        GE

(a)  Amount beneficially owned       1,325,414  1,365,014  983,307       0

(b)  Percent of class                  2.84%      2.92%     2.11%    disclaimed

(c)  No. of shares to which person
     has

     (i)   sole power to vote or
           direct the vote              None     39,600    983,307      None

     (ii)  shared power to vote or
           direct                    1,325,414  1,325,414    None    disclaimed

     (iii) sole power to dispose
           or to direct disposition     None     39,600    983,307      None

     (iv)  shared power to dispose
           or to direct disposition  1,325,414  1,325,414    None    disclaimed

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:

            [  ]

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

            Not applicable

Item 8 Identification and Classification of Members of the Group

            Not applicable

Item 9 Notice of Dissolution of Group

            Not applicable


                                  Page 8 of 15
<PAGE>

Item 10 Certification

            By signing below I certify that, to the best of my knowledge and
            belief, the securities referred to above were acquired and are held
            in the ordinary course of business and were not acquired and are not
            held for the purpose of or with the effect of changing or
            influencing the control of the issuer of the securities and were not
            acquired and are not held in connection with or as a participant in
            any transaction having that purpose or effect.


                                  Page 9 of 15
<PAGE>

                                    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.

Dated: February 14, 2000

                                        GENERAL ELECTRIC PENSION TRUST
                                        By: General Electric Investment
                                            Corporation, its Investment Manager


                                        By: /s/ Michael M. Pastore
                                           -------------------------------------
                                           Name:  Michael M. Pastore
                                           Title: Vice President


                                  Page 10 of 15
<PAGE>

                                    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.

Dated: February 14, 2000

                                        GENERAL ELECTRIC INVESTMENT CORPORATION


                                        By: /s/ Michael M. Pastore
                                           -------------------------------------
                                           Name:  Michael M. Pastore
                                           Title: Vice President


                                  Page 11 of 15
<PAGE>

                                    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.

Dated: February 14, 2000

                                        GE ASSET MANAGEMENT INCORPORATED


                                        By: /s/ Michael M. Pastore
                                           -------------------------------------
                                           Name:  Michael M. Pastore
                                           Title: Vice President


                                 Page 12 of 15
<PAGE>

                                    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.

Dated: February 14, 2000

                                        GENERAL ELECTRIC COMPANY


                                        By: /s/ John H. Myers
                                           -------------------------------------
                                           Name:  John H. Myers
                                           Title: Vice President


                                 Page 13 of 15
<PAGE>

                                                                      Schedule I

                             JOINT FILING AGREEMENT

            This will confirm the agreement by and between all the undersigned
that the Schedule 13G on or about this date and any amendments thereto with
respect to the beneficial ownership by the undersigned of shares of the Common
Stock of Martin Marietta Materials, Inc. is being filed on behalf of each of the
undersigned.

Dated: February 14, 2000                GENERAL ELECTRIC PENSION TRUST
                                        By: General Electric Investment
                                            Corporation, its Investment Manager

                                        By: /s/ Michael M. Pastore
                                           -------------------------------------
                                           Name:  Michael M. Pastore
                                           Title: Vice President


                                        GENERAL ELECTRIC INVESTMENT CORPORATION

                                        By: /s/ Michael M. Pastore
                                           -------------------------------------
                                           Name:  Michael M. Pastore
                                           Title: Vice President


                                        GE ASSET MANAGEMENT INCORPORATED

                                        By: /s/ Michael M. Pastore
                                           -------------------------------------
                                           Name:  Michael M. Pastore
                                           Title: Vice President


                                        GENERAL ELECTRIC COMPANY

                                        By: /s/ John H. Myers
                                           -------------------------------------
                                           Name:  John H. Myers
                                           Title: Vice President


                                 Page 14 of 15
<PAGE>

                                                                     Schedule II

                   TRUSTEES OF GENERAL ELECTRIC PENSION TRUST

                        3003 Summer Street, P.O. Box 7900
                           Stamford, Connecticut 06904

            The names of the Trustees of General Electric Pension Trust are as
follows:

                                Eugene K. Bolton

                               Michael J. Cosgrove

                                 Ralph R. Layman

                                  Alan M. Lewis

                              Robert A. MacDougall

                                  John H. Myers

                                 Donald W. Torey

                                 John J. Walker


                                 Page 15 of 15


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