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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 09/30/97
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 10/20/97
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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 3473 43578 SH SOLE 43578
AMERADA HESS CORP COM 023551104 5293 85800 SH SOLE 85800
AMERICAN EXPRESS CO COM 025816109 5993 73200 SH SOLE 73200
AMERICAN GENERAL CORP COM 026351106 9037 174200 SH SOLE 174200
AMERITECH CORP NEW COM 030954101 5586 84000 SH SOLE 84000
AMP INC COM 031897101 7199 134400 SH SOLE 134400
ANHEUSER BUSCH COS INC COM 035229103 7410 164200 SH SOLE 164200
ASHLAND INC COM 044204105 2083 38300 SH SOLE 38300
AUTOMATIC DATA PROCESSING INC COM 053015103 7070 141400 SH SOLE 141400
BANKERS TRUST N Y CORP COM 066365107 6645 54300 SH SOLE 54300
BARD C R INC COM 067383109 6406 188400 SH SOLE 188400
BROWNING FERRIS INDS COM 115885105 2721 71500 SH SOLE 71500
BURLINGTON NORTHN SANTA FE CP COM 12189T104 8551 88500 SH SOLE 88500
BURLINGTON RES INC COM 122014103 5316 103600 SH SOLE 103600
CIPSCO INC COM 125539106 2169 56900 SH SOLE 56900
COMPUTER SCIENCES CORP COM 205363104 5717 80800 SH SOLE 80800
COOPER INDS INC COM 216669101 7358 136100 SH SOLE 136100
DENTSPLY INTL INC NEW COM 249030107 4732 84500 SH SOLE 84500
DONNELLEY R R & SONS CO COM 257867101 5746 161000 SH SOLE 161000
DOW CHEM CO COM 260543103 7210 79500 SH SOLE 79500
EMERSON ELEC CO COM 291011104 6771 117500 SH SOLE 117500
ENTERGY CORP NEW COM 29364G103 5285 202800 SH SOLE 202800
FIRST HAWAIIAN INC COM 320506108 3136 78900 SH SOLE 78900
GENERAL MTRS CORP COM 370442105 6901 103100 SH SOLE 103100
GENERAL RE CORP COM 370563108 6749 34000 SH SOLE 34000
GENERAL SIGNAL CORP COM 370838104 6937 160400 SH SOLE 160400
GRAINGER W W INC COM 384802104 4263 47900 SH SOLE 47900
HUMANA INC COM 444859102 7201 302400 SH SOLE 302400
INCO LTD COM 453258402 5323 212400 SH SOLE 212400
LIMITED INC COM 532716107 4575 187200 SH SOLE 187200
MALLINCKRODT INC NEW COM 561232109 6484 180100 SH SOLE 180100
MANPOWER INC COM 56418H100 5451 138000 SH SOLE 138000
MASCO CORP COM 574599106 5617 122600 SH SOLE 122600
MAY DEPT STORES CO COM 577778103 7352 134900 SH SOLE 134900
MOTOROLA INC COM 620076109 4578 63700 SH SOLE 63700
NORTHN STS PWR CO MINN COM 665772109 4244 85300 SH SOLE 85300
PNC BK CORP COM 693475105 8406 172200 SH SOLE 172200
PACIFICORP COM 695114108 4999 223400 SH SOLE 223400
PENNEY J C INC COM 708160106 6285 107900 SH SOLE 107900
PHILLIPS PETE CO COM 718507106 9406 182200 SH SOLE 182200
PROVIDIAN FINL CORP COM 74406A102 4247 107000 SH SOLE 107000
PUBLIC SVC ENTERPRISE GROUP COM 744573106 5714 221900 SH SOLE 221900
SAFECO CORP COM 786429100 6487 122400 SH SOLE 122400
SNAP ON INC COM 833034101 4533 98400 SH SOLE 98400
SOUTHERN CO COM 842587107 6764 299800 SH SOLE 299800
SOUTHERN NEW ENGLAND TELECOM COM 843485103 3201 78300 SH SOLE 78300
SUPERVALU INC COM 868536103 6319 161000 SH SOLE 161000
THOMAS & BETTS CORP COM 884315102 5064 92700 SH SOLE 92700
WHIRLPOOL CORP COM 963320106 5895 88900 SH SOLE 88900
REPORT SUMMARY 49 DATA RECORDS 283902 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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