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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/96
Institutional Investment Manager:
CATHLEEN A. PITTENGER FOR 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 07/26/96
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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
AMERICAN EXPRESS CO COM 025816109 3195 71600 SH SOLE 71600
AMERICAN GENERAL CORP COM 026351106 4812 132300 SH SOLE 132300
AMERICAN HOME PRODS CORP COM 026609107 1696 28200 SH SOLE 28200
AMP INC COM 031897101 4321 107700 SH SOLE 107700
ARCHER DANIELS MIDLAND CO COM 039483102 2817 147300 SH SOLE 147300
ASHLAND INC COM 044204105 947 23900 SH SOLE 23900
BANKERS TRUST N Y CORP COM 066365107 4625 62600 SH SOLE 62600
BEVERLY ENTERPRISES INC COM 087851101 3269 272400 SH SOLE 272400
BROWNING FERRIS INDS COM 115885105 2253 77700 SH SOLE 77700
BURLINGTON RES INC COM 122014103 4150 96500 SH SOLE 96500
CIPSCO INC COM 125539106 2070 53600 SH SOLE 53600
COOPER INDS INC COM 216669101 3245 78200 SH SOLE 78200
DAYTON HUDSON CORP COM 239753106 1836 17800 SH SOLE 17800
DEAN FOODS CO COM 242361103 1824 73700 SH SOLE 73700
DENTSPLY INTL INC NEW COM 249030107 3260 76700 SH SOLE 76700
DONNELLEY R R & SONS CO COM 257867101 3512 100700 SH SOLE 100700
DU PONT E I DE NEMOURS & CO COM 263534109 4059 51300 SH SOLE 51300
EASTERN ENTERPRISES COM 27637F100 1410 42400 SH SOLE 42400
ENTERGY CORP NEW COM 29364G103 1234 43500 SH SOLE 43500
GENERAL MTRS CORP COM 370442105 3069 58600 SH SOLE 58600
GENERAL RE CORP COM 370563108 4187 27500 SH SOLE 27500
GENERAL SIGNAL CORP COM 370838104 2761 72900 SH SOLE 72900
GIDDINGS & LEWIS INC WIS COM 375048105 3959 243600 SH SOLE 243600
HANSON PLC SPONSORED ADR 411352305 4573 322300 SH SOLE 322300
HUMANA INC COM 444859102 3654 204400 SH SOLE 204400
INTERNATIONAL MULTIFOODS CORP COM 460043102 1511 82800 SH SOLE 82800
LIMITED INC COM 532716107 2683 124771 SH SOLE 124771
MALLINCKRODT GROUP INC COM 561226101 3689 94900 SH SOLE 94900
MANPOWER INC COM 56418H100 1543 39300 SH SOLE 39300
MARSH & MCLENNAN COS INC COM 571748102 2972 30800 SH SOLE 30800
MASCO CORP COM 574599106 2801 92600 SH SOLE 92600
MAY DEPT STORES CO COM 577778103 1610 36800 SH SOLE 36800
MONTANA POWER CO COM 612085100 999 44900 SH SOLE 44900
MORGAN J P & CO INC COM 616880100 2759 32600 SH SOLE 32600
MOTOROLA INC COM 620076109 4336 69100 SH SOLE 69100
NORFOLK SOUTHERN CORP COM 655844108 3178 37500 SH SOLE 37500
NORTHN STS PWR CO MINN COM 665772109 3718 75300 SH SOLE 75300
PNC BK CORP COM 693475105 3921 131800 SH SOLE 131800
PACIFICORP COM 695114108 3544 159300 SH SOLE 159300
PHILLIPS PETE CO COM 718507106 4129 98600 SH SOLE 98600
PROVIDIAN CORP COM 744061102 3786 88300 SH SOLE 88300
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4029 146500 SH SOLE 146500
REYNOLDS METALS CO COM 761763101 3628 69600 SH SOLE 69600
SAFECO CORP COM 786429100 3527 99700 SH SOLE 99700
SHERWIN WILLIAMS CO COM 824348106 3371 72500 SH SOLE 72500
SNAP ON INC COM 833034101 3236 68300 SH SOLE 68300
SOUTHERN CO COM 842587107 4058 164800 SH SOLE 164800
SOUTHERN NEW ENGLAND TELECOM COM 843485103 853 20300 SH SOLE 20300
SUPERVALU INC COM 868536103 4215 133800 SH SOLE 133800
THOMAS & BETTS CORP COM 884315102 3855 102800 SH SOLE 102800
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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
TRANSCANADA PIPELINES LTD COM 893526103 3236 219400 SH SOLE 219400
XEROX CORP COM 984121103 2777 51900 SH SOLE 51900
REPORT SUMMARY 52 DATA RECORDS 160702 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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