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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/97
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 01/16/98
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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 7699 140300 SH SOLE 140300 0 0
AMERICAN EXPRESS CO COM 025816109 5150 57700 SH SOLE 57700 0 0
AMERICAN GENERAL CORP COM 026351106 8072 149300 SH SOLE 149300 0 0
AMERITECH CORP NEW COM 030954101 5257 65300 SH SOLE 65300 0 0
AMP INC COM 031897101 7749 184500 SH SOLE 184500 0 0
ANHEUSER BUSCH COS INC COM 035229103 8122 184600 SH SOLE 184600 0 0
BANC ONE CORP COM 059438101 5138 94600 SH SOLE 94600 0 0
BANKERS TRUST N Y CORP COM 066365107 3272 29100 SH SOLE 29100 0 0
BARD C R INC COM 067383109 7424 237100 SH SOLE 237100 0 0
BURLINGTON NORTHN SANTA FE CP COM 12189T104 7184 77300 SH SOLE 77300 0 0
BURLINGTON RES INC COM 122014103 7399 165100 SH SOLE 165100 0 0
CIPSCO INC COM 125539106 2518 56900 SH SOLE 56900 0 0
COMPUTER SCIENCES CORP COM 205363104 3616 43300 SH SOLE 43300 0 0
COOPER INDS INC COM 216669101 6669 136100 SH SOLE 136100 0 0
DENTSPLY INTL INC NEW COM 249030107 3148 103200 SH SOLE 103200 0 0
DONNELLEY R R & SONS CO COM 257867101 7007 188100 SH SOLE 188100 0 0
DOW CHEM CO COM 260543103 5461 53800 SH SOLE 53800 0 0
EMERSON ELEC CO COM 291011104 7365 130500 SH SOLE 130500 0 0
ENTERGY CORP NEW COM 29364G103 7544 252000 SH SOLE 252000 0 0
FIRST DATA CORP COM 319963104 7207 246400 SH SOLE 246400 0 0
FIRST HAWAIIAN INC COM 320506108 3136 78900 SH SOLE 78900 0 0
GENERAL MTRS CORP COM 370442105 7035 115800 SH SOLE 115800 0 0
GENERAL RE CORP COM 370563108 6784 32000 SH SOLE 32000 0 0
GENERAL SIGNAL CORP COM 370838104 6767 160400 SH SOLE 160400 0 0
GRAINGER W W INC COM 384802104 4655 47900 SH SOLE 47900 0 0
HUMANA INC COM 444859102 6904 332700 SH SOLE 332700 0 0
INCO LTD COM 453258402 5153 303100 SH SOLE 303100 0 0
INTL PAPER CO COM 460146103 5123 118800 SH SOLE 118800 0 0
LIMITED INC COM 532716107 3741 146700 SH SOLE 146700 0 0
MALLINCKRODT INC NEW COM 561232109 6973 183500 SH SOLE 183500 0 0
MANPOWER INC COM 56418H100 6074 172300 SH SOLE 172300 0 0
MAY DEPT STORES CO COM 577778103 6064 115100 SH SOLE 115100 0 0
MORGAN J P & CO INC COM 616880100 3341 29600 SH SOLE 29600 0 0
MOTOROLA INC COM 620076109 7657 133900 SH SOLE 133900 0 0
NORTHN STS PWR CO MINN COM 665772109 3850 66100 SH SOLE 66100 0 0
PNC BK CORP COM 693475105 9805 172200 SH SOLE 172200 0 0
PACIFICORP COM 695114108 5274 193100 SH SOLE 193100 0 0
PENNEY J C INC COM 708160106 7099 117700 SH SOLE 117700 0 0
PHILLIPS PETE CO COM 718507106 8271 170100 SH SOLE 170100 0 0
PROVIDIAN FINL CORP COM 74406A102 2933 64900 SH SOLE 64900 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 5446 171200 SH SOLE 171200 0 0
SAFECO CORP COM 786429100 6221 127600 SH SOLE 127600 0 0
SILICON GRAPHICS INC COM 827056102 5197 422100 SH SOLE 422100 0 0
SNAP ON INC COM 833034101 4293 98400 SH SOLE 98400 0 0
SOUTHERN CO COM 842587107 7757 299800 SH SOLE 299800 0 0
SUPERVALU INC COM 868536103 7772 185600 SH SOLE 185600 0 0
THOMAS & BETTS CORP COM 884315102 4777 101100 SH SOLE 101100 0 0
WHIRLPOOL CORP COM 963320106 5781 105100 SH SOLE 105100 0 0
WORTHINGTON INDS INC COM 981811102 3059 185400 SH SOLE 185400 0 0
REPORT SUMMARY 49 DATA RECORDS 289943 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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