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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/97
Institutional Investment Manager:
EVANGELICAL LUTHERAN CHURCH IN AMERICA BOARD OF PEN
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:
KATHLEEN A. RADCLIFFE CONTROLLER 612-333-7651
Signature, Place and Date of Signing:
/s/ KATHLEEN A. RADCLIFFE MINNEAPOLIS MN 07/17/97
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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
AEGON N V ORD AMER REG 007924103 2873 41009 SH SOLE 41009
AMERADA HESS CORP COM 023551104 6145 110600 SH SOLE 110600
AMERICAN EXPRESS CO COM 025816109 4813 64600 SH SOLE 64600
AMERICAN GENERAL CORP COM 026351106 8108 169800 SH SOLE 169800
AMERITECH CORP NEW COM 030954101 4321 63600 SH SOLE 63600
AMP INC COM 031897101 7377 176700 SH SOLE 176700
ASHLAND INC COM 044204105 3149 67900 SH SOLE 67900
BANKERS TRUST N Y CORP COM 066365107 7310 83900 SH SOLE 83900
BARD C R INC COM 067383109 3435 94600 SH SOLE 94600
BEVERLY ENTERPRISES INC COM 087851101 3474 213800 SH SOLE 213800
BROWNING FERRIS INDS COM 115885105 2574 77400 SH SOLE 77400
BURLINGTON NORTHN SANTA FE CP COM 12189T104 7019 78100 SH SOLE 78100
CIPSCO INC COM 125539106 1835 50200 SH SOLE 50200
COMPUTER SCIENCES CORP COM 205363104 2928 40600 SH SOLE 40600
COOPER INDS INC COM 216669101 6269 126000 SH SOLE 126000
DAYTON HUDSON CORP COM 239753106 4649 87400 SH SOLE 87400
DENTSPLY INTL INC NEW COM 249030107 3900 79600 SH SOLE 79600
DONNELLEY R R & SONS CO COM 257867101 4025 109900 SH SOLE 109900
DOW CHEM CO COM 260543103 6325 72800 SH SOLE 72800
ELECTRONIC DATA SYS NEW COM 285661104 2199 53400 SH SOLE 53400
ENTERGY CORP NEW COM 29364G103 5077 184600 SH SOLE 184600
GENERAL MTRS CORP COM 370442105 6829 122500 SH SOLE 122500
GENERAL RE CORP COM 370563108 6679 36700 SH SOLE 36700
GENERAL SIGNAL CORP COM 370838104 6177 141600 SH SOLE 141600
HUMANA INC COM 444859102 6170 266800 SH SOLE 266800
INCO LTD COM 453258402 4930 164000 SH SOLE 164000
LIMITED INC COM 532716107 6909 341200 SH SOLE 341200
MALLINCKRODT INC NEW COM 561232109 6228 163900 SH SOLE 163900
MANPOWER INC COM 56418H100 6328 142200 SH SOLE 142200
MARSH & MCLENNAN COS INC COM 571748102 4240 59400 SH SOLE 59400
MASCO CORP COM 574599106 5319 127400 SH SOLE 127400
MAY DEPT STORES CO COM 577778103 6440 136300 SH SOLE 136300
MOTOROLA INC COM 620076109 7704 101200 SH SOLE 101200
NELLCOR PURITAN BENNET INC COM 640275103 2248 124000 SH SOLE 124000
NORTHN STS PWR CO MINN COM 665772109 4720 91200 SH SOLE 91200
PNC BK CORP COM 693475105 6346 152000 SH SOLE 152000
PACIFICORP COM 695114108 5458 248100 SH SOLE 248100
PENNEY J C INC COM 708160106 6612 126700 SH SOLE 126700
PHILLIPS PETE CO COM 718507106 7293 166700 SH SOLE 166700
PROVIDIAN FINL CORP COM 74406A102 3033 94400 SH SOLE 94400
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4893 195700 SH SOLE 195700
SAFECO CORP COM 786429100 5397 115600 SH SOLE 115600
SNAP ON INC COM 833034101 3418 86800 SH SOLE 86800
SOUTHERN CO COM 842587107 5786 264500 SH SOLE 264500
SOUTHERN NEW ENGLAND TELECOM COM 843485103 2686 69100 SH SOLE 69100
SUN INC COM 866762107 3974 128200 SH SOLE 128200
SUPERVALU INC COM 868536103 6641 192500 SH SOLE 192500
THOMAS & BETTS CORP COM 884315102 6817 129700 SH SOLE 129700
TRINITY INDS INC COM 896522109 2264 71300 SH SOLE 71300
WHIRLPOOL CORP COM 963320106 5751 105400 SH SOLE 105400
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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
XEROX CORP COM 984121103 4149 52600 SH SOLE 52600
REPORT SUMMARY 51 DATA RECORDS 259244 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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