<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/95 AMENDMENT 01
Institutional Investment Manager:
CATHERINE A. PITTENGER OF ELCA BOARD OF PENSIONS
800 MARQUETTE AVE.
SUITE 1050
MINNEAPOLIS MN 55402-0000
I represent that I am authorized to submit this form and that
all information in this form and the attachments to it are 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
Name, Title and Telephone Number of Person Submitting Report:
SCOTT W. OLSON DEPUTY GENERAL COUNSEL 617-382-2072
Signature, Place and Date of Signing:
/s/ SCOTT W. OLSON BOSTON MA 08/29/95
<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
AHMANSON H F & CO COM 008677106 2409 109500 SH SOLE 109500
AMERICAN EXPRESS CO COM 025816109 3913 111000 SH SOLE 111000
AMERICAN GENERAL CORP COM 026351106 3858 114300 SH SOLE 114300
AMERICAN HOME PRODS CORP COM 026609107 1625 21000 SH SOLE 21000
AMERICAN INTL GROUP INC COM 026874107 2850 25000 SH SOLE 25000
ANHEUSER BUSCH COS INC COM 035229103 2787 49000 SH SOLE 49000
ARCHER DANIELS MIDLAND CO COM 039483102 2943 158000 SH SOLE 158000
ASHLAND INC COM 044204105 1791 51000 SH SOLE 51000
BAXTER INTL INC COM 071813109 1546 42500 SH SOLE 42500
BURLINGTON RES INC COM 122014103 2685 72800 SH SOLE 72800
CIPSCO INC COM 125539106 2106 70500 SH SOLE 70500
CHEMICAL BKG CORP COM 163722101 3411 72200 SH SOLE 72200
CORNING INC COM 219350105 3265 99700 SH SOLE 99700
DAYTON HUDSON CORP COM 239753106 3379 47100 SH SOLE 47100
DEAN FOODS CO COM 242361103 1784 63700 SH SOLE 63700
DEXTER CORP COM 252165105 1536 65000 SH SOLE 65000
DOLE FOOD INC COM 256605106 1378 47300 SH SOLE 47300
EASTERN ENTERPRISES COM 27637F100 1464 49000 SH SOLE 49000
EXXON CORP COM 302290101 2896 41000 SH SOLE 41000
FINGERHUT COS INC COM 317867109 1453 93000 SH SOLE 93000
FOSTER WHEELER CORP COM 350244109 3842 109000 SH SOLE 109000
GTE CORP COM 362320103 4266 125000 SH SOLE 125000
GENERAL MTRS CORP COM 370442105 2738 58400 SH SOLE 58400
GENERAL RE CORP COM 370563108 2865 21400 SH SOLE 21400
GIDDINGS & LEWIS INC WIS COM 375048105 3802 212700 SH SOLE 212700
HONEYWELL INC COM 438506107 2915 67600 SH SOLE 67600
INCO LTD COM 453258402 3520 124600 SH SOLE 124600
INGERSOLL RAND CO COM 456866102 2896 75700 SH SOLE 75700
INTERNATIONAL MULTIFOODS CORP COM 460043102 1638 72800 SH SOLE 72800
JOHNSON & JOHNSON COM 478160104 1789 26500 SH SOLE 26500
LIMITED INC COM 532716107 3458 157200 SH SOLE 157200
LIZ CLAIBORNE INC COM 539320101 2675 125900 SH SOLE 125900
LUBRIZOL CORP COM 549271104 2724 77000 SH SOLE 77000
MACFRUGALS BARGAINS CLOSE OUTS COM 554152108 1313 75000 SH SOLE 75000
MASCO CORP COM 574599106 2989 110700 SH SOLE 110700
MONTANA POWER CO COM 612085100 3395 147600 SH SOLE 147600
MORGAN J P & CO INC COM 616880100 2146 30600 SH SOLE 30600
NORFOLK SOUTHERN CORP COM 655844108 1455 21600 SH SOLE 21600
NYNEX CORP COM 670768100 3288 81700 SH SOLE 81700
PACIFICORP COM 695114108 2468 131600 SH SOLE 131600
PITNEY BOWES INC COM 724479100 2551 66700 SH SOLE 66700
PROVIDIAN CORP COM 744061102 3661 101000 SH SOLE 101000
QUESTAR CORP COM 748356102 1532 53300 SH SOLE 53300
REYNOLDS METALS CO COM 761763101 3105 60000 SH SOLE 60000
SHERWIN WILLIAMS CO COM 824348106 2476 69500 SH SOLE 69500
SNAP ON INC COM 833034101 2728 70400 SH SOLE 70400
STRATUS COMPUTER INC COM 863155107 3308 106700 SH SOLE 106700
SUPERVALU INC COM 868536103 3035 104200 SH SOLE 104200
TEXACO INC COM 881694103 2809 42800 SH SOLE 42800
THOMAS & BETTS CORP COM 884315102 1511 22100 SH SOLE 22100
<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
TRANSCANADA PIPELINES LTD COM 893526103 3478 260000 SH SOLE 260000
U S WEST INC COM 912889102 3684 88500 SH SOLE 88500
WOOLWORTH CORP COM 980883102 3214 212500 SH SOLE 212500
XEROX CORP COM 984121103 3060 26100 SH SOLE 26100
REPORT SUMMARY 54 DATA RECORDS 145413 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>