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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 09/30/96
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 10/29/96
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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
AMERADA HESS CORP COM 023551104 3759 71100 SH SOLE 71100
AMERICAN EXPRESS CO COM 025816109 5078 109800 SH SOLE 109800
AMERICAN GENERAL CORP COM 026351106 5376 142400 SH SOLE 142400
AMP INC COM 031897101 5545 143100 SH SOLE 143100
ARCHER DANIELS MIDLAND CO COM 039483102 3967 206100 SH SOLE 206100
ASHLAND INC COM 044204105 3880 97600 SH SOLE 97600
BANKERS TRUST N Y CORP COM 066365107 4348 55300 SH SOLE 55300
BEVERLY ENTERPRISES INC COM 087851101 3263 300000 SH SOLE 300000
BROWNING FERRIS INDS COM 115885105 2283 91300 SH SOLE 91300
CIPSCO INC COM 125539106 1910 53600 SH SOLE 53600
COOPER INDS INC COM 216669101 5657 130800 SH SOLE 130800
DAYTON HUDSON CORP COM 239753106 2749 83300 SH SOLE 83300
DEAN FOODS CO COM 242361103 2082 73700 SH SOLE 73700
DENTSPLY INTL INC NEW COM 249030107 4130 92800 SH SOLE 92800
DONNELLEY R R & SONS CO COM 257867101 4570 141700 SH SOLE 141700
DU PONT E I DE NEMOURS & CO COM 263534109 3957 44900 SH SOLE 44900
ENTERGY CORP NEW COM 29364G103 4247 157300 SH SOLE 157300
GENERAL MTRS CORP COM 370442105 4075 84900 SH SOLE 84900
GENERAL RE CORP COM 370563108 4664 32900 SH SOLE 32900
GENERAL SIGNAL CORP COM 370838104 3071 69800 SH SOLE 69800
GIDDINGS & LEWIS INC WIS COM 375048105 2893 243600 SH SOLE 243600
HANSON PLC SPONSORED ADR 411352305 4586 370600 SH SOLE 370600
HUMANA INC COM 444859102 1962 96900 SH SOLE 96900
INTERNATIONAL MULTIFOODS CORP COM 460043102 1346 82800 SH SOLE 82800
KERR MCGEE CORP COM 492386107 2879 47300 SH SOLE 47300
LIMITED INC COM 532716107 4362 228100 SH SOLE 228100
MALLINCKRODT GROUP INC COM 561226101 4733 113700 SH SOLE 113700
MANPOWER INC COM 56418H100 3511 105600 SH SOLE 105600
MARSH & MCLENNAN COS INC COM 571748102 3331 34300 SH SOLE 34300
MASCO CORP COM 574599106 3914 131000 SH SOLE 131000
MAY DEPT STORES CO COM 577778103 3234 66500 SH SOLE 66500
MOTOROLA INC COM 620076109 5171 100400 SH SOLE 100400
NELLCOR PURITAN BENNET INC COM 640275103 1905 86600 SH SOLE 86600
NORFOLK SOUTHERN CORP COM 655844108 4139 45300 SH SOLE 45300
NORTHN STS PWR CO MINN COM 665772109 4630 99300 SH SOLE 99300
PNC BK CORP COM 693475105 3928 117700 SH SOLE 117700
PACIFICORP COM 695114108 5598 271400 SH SOLE 271400
PHILLIPS PETE CO COM 718507106 3347 78300 SH SOLE 78300
PROVIDIAN CORP COM 744061102 5151 119800 SH SOLE 119800
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4695 175500 SH SOLE 175500
REYNOLDS METALS CO COM 761763101 2924 57200 SH SOLE 57200
SAFECO CORP COM 786429100 3931 112300 SH SOLE 112300
SHERWIN WILLIAMS CO COM 824348106 3831 82600 SH SOLE 82600
SNAP ON INC COM 833034101 5085 158300 SH SOLE 158300
SOUTHERN CO COM 842587107 5333 237000 SH SOLE 237000
SOUTHERN NEW ENGLAND TELECOM COM 843485103 2533 68700 SH SOLE 68700
SUPERVALU INC COM 868536103 4683 170300 SH SOLE 170300
THOMAS & BETTS CORP COM 884315102 4809 117300 SH SOLE 117300
XEROX CORP COM 984121103 2488 46400 SH SOLE 46400
REPORT SUMMARY 49 DATA RECORDS 189543 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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