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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/96
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 01/16/97
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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 4202 72600 SH SOLE 72600
AMERICAN EXPRESS CO COM 025816109 4198 74300 SH SOLE 74300
AMERICAN GENERAL CORP COM 026351106 6217 152100 SH SOLE 152100
AMERITECH CORP NEW COM 030954101 3534 58300 SH SOLE 58300
AMP INC COM 031897101 4870 126900 SH SOLE 126900
ASHLAND INC COM 044204105 1891 43100 SH SOLE 43100
BANKERS TRUST N Y CORP COM 066365107 5132 59500 SH SOLE 59500
BEVERLY ENTERPRISES INC COM 087851101 3825 300000 SH SOLE 300000
BROWNING FERRIS INDS COM 115885105 4449 169500 SH SOLE 169500
CIPSCO INC COM 125539106 1656 46000 SH SOLE 46000
COOPER INDS INC COM 216669101 5510 130800 SH SOLE 130800
DAYTON HUDSON CORP COM 239753106 2057 52400 SH SOLE 52400
DENTSPLY INTL INC NEW COM 249030107 4289 90300 SH SOLE 90300
DONNELLEY R R & SONS CO COM 257867101 4760 151700 SH SOLE 151700
DU PONT E I DE NEMOURS & CO COM 263534109 3746 39800 SH SOLE 39800
ENTERGY CORP NEW COM 29364G103 4569 165400 SH SOLE 165400
GENERAL MTRS CORP COM 370442105 4388 78700 SH SOLE 78700
GENERAL RE CORP COM 370563108 5190 32900 SH SOLE 32900
GENERAL SIGNAL CORP COM 370838104 4617 108000 SH SOLE 108000
GIDDINGS & LEWIS INC WIS COM 375048105 3136 243600 SH SOLE 243600
HANSON PLC SPONSORED ADR 411352305 2502 370600 SH SOLE 370600
HUMANA INC COM 444859102 4739 249400 SH SOLE 249400
INCO LTD COM 453258402 3487 109400 SH SOLE 109400
INTERNATIONAL MULTIFOODS CORP COM 460043102 1501 82800 SH SOLE 82800
LIMITED INC COM 532716107 4570 248700 SH SOLE 248700
MALLINCKRODT INC NEW COM 561232109 4187 94900 SH SOLE 94900
MANPOWER INC COM 56418H100 4774 146900 SH SOLE 146900
MARSH & MCLENNAN COS INC COM 571748102 3588 34500 SH SOLE 34500
MASCO CORP COM 574599106 3085 85700 SH SOLE 85700
MAY DEPT STORES CO COM 577778103 3109 66500 SH SOLE 66500
MOTOROLA INC COM 620076109 5139 83900 SH SOLE 83900
NELLCOR PURITAN BENNET INC COM 640275103 2262 103400 SH SOLE 103400
NORFOLK SOUTHERN CORP COM 655844108 5192 59000 SH SOLE 59000
NORTHN STS PWR CO MINN COM 665772109 3748 81700 SH SOLE 81700
PNC BK CORP COM 693475105 4428 117700 SH SOLE 117700
PACIFICORP COM 695114108 5564 271400 SH SOLE 271400
PENNEY J C INC COM 708160106 4885 100200 SH SOLE 100200
PHILLIPS PETE CO COM 718507106 5345 120800 SH SOLE 120800
PROVIDIAN CORP COM 744061102 2502 48700 SH SOLE 48700
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4782 175500 SH SOLE 175500
REYNOLDS METALS CO COM 761763101 2469 43800 SH SOLE 43800
SAFECO CORP COM 786429100 4322 109600 SH SOLE 109600
SNAP ON INC COM 833034101 5397 151500 SH SOLE 151500
SOUTHERN CO COM 842587107 5362 237000 SH SOLE 237000
SOUTHERN NEW ENGLAND TELECOM COM 843485103 1843 47400 SH SOLE 47400
SUN INC COM 866762107 4144 170000 SH SOLE 170000
SUPERVALU INC COM 868536103 4832 170300 SH SOLE 170300
THOMAS & BETTS CORP COM 884315102 4127 93000 SH SOLE 93000
WHIRLPOOL CORP COM 963320106 2201 47200 SH SOLE 47200
XEROX CORP COM 984121103 5584 106100 SH SOLE 106100
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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
REPORT SUMMARY 50 DATA RECORDS 201906 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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