ELCA BOARD OF PENSIONS
13F-E/A, 1995-08-31
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                       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    
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