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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/98
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 01/25/99
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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 6204 124700 SH SOLE 124700 0 0
AMERICAN EXPRESS CO COM 025816109 6550 63900 SH SOLE 63900 0 0
AMERICAN GENERAL CORP COM 026351106 7644 98000 SH SOLE 98000 0 0
AMERITECH CORP NEW COM 030954101 9696 153000 SH SOLE 153000 0 0
ANHEUSER BUSCH COS INC COM 035229103 5736 87400 SH SOLE 87400 0 0
BANCWEST CORP NEW COM 059790105 3360 70000 SH SOLE 70000 0 0
BANK ONE CORP COM 06423A103 11337 222030 SH SOLE 222030 0 0
BURLINGTON NORTHN SANTA FE CP COM 12189T104 9210 268900 SH SOLE 268900 0 0
BURLINGTON RES INC COM 122014103 7284 203400 SH SOLE 203400 0 0
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 8692 351200 SH SOLE 351200 0 0
COMPUTER SCIENCES CORP COM 205363104 6676 103900 SH SOLE 103900 0 0
DENTSPLY INTL INC NEW COM 249030107 3618 140500 SH SOLE 140500 0 0
DONNELLEY R R & SONS CO COM 257867101 8561 195400 SH SOLE 195400 0 0
DOW CHEM CO COM 260543103 7893 86800 SH SOLE 86800 0 0
EASTMAN KODAK CO COM 277461109 5652 78500 SH SOLE 78500 0 0
EMERSON ELEC CO COM 291011104 8161 134900 SH SOLE 134900 0 0
ENTERGY CORP NEW COM 29364G103 3010 96700 SH SOLE 96700 0 0
FIRST DATA CORP COM 319963104 9422 295600 SH SOLE 295600 0 0
GENERAL MTRS CORP COM 370442105 3185 44500 SH SOLE 44500 0 0
GRAINGER W W INC COM 384802104 7767 186600 SH SOLE 186600 0 0
HUMANA INC COM 444859102 6054 339900 SH SOLE 339900 0 0
INCO LTD COM 453258402 4129 395600 SH SOLE 395600 0 0
INTL PAPER CO COM 460146103 3262 72800 SH SOLE 72800 0 0
MALLINCKRODT INC NEW COM 561232109 7022 227900 SH SOLE 227900 0 0
MANPOWER INC COM 56418H100 5743 228000 SH SOLE 228000 0 0
MAY DEPT STORES CO COM 577778103 8489 140600 SH SOLE 140600 0 0
MINNESOTA MNG & MFG CO COM 604059105 7831 110100 SH SOLE 110100 0 0
MORGAN J P & CO INC COM 616880100 5715 54400 SH SOLE 54400 0 0
MORTON INTL INC IND NEW COM 619335102 4390 179200 SH SOLE 179200 0 0
MOTOROLA INC COM 620076109 11358 186000 SH SOLE 186000 0 0
NORTHN STS PWR CO MINN COM 665772109 5875 211700 SH SOLE 211700 0 0
PNC BK CORP COM 693475105 10411 192800 SH SOLE 192800 0 0
PACIFICORP COM 695114108 7062 335300 SH SOLE 335300 0 0
PENNEY J C INC COM 708160106 5939 126700 SH SOLE 126700 0 0
PHILLIPS PETE CO COM 718507106 8602 201800 SH SOLE 201800 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4868 121700 SH SOLE 121700 0 0
SAFECO CORP COM 786429100 8648 201400 SH SOLE 201400 0 0
ST PAUL COS INC COM 792860108 9281 266600 SH SOLE 266600 0 0
SILICON GRAPHICS INC COM 827056102 8019 622800 SH SOLE 622800 0 0
SNAP ON INC COM 833034101 4341 124700 SH SOLE 124700 0 0
SOUTHERN CO COM 842587107 3935 135400 SH SOLE 135400 0 0
SUPERVALU INC COM 868536103 4878 174200 SH SOLE 174200 0 0
THOMAS & BETTS CORP COM 884315102 8870 204800 SH SOLE 204800 0 0
TOYS R US INC COM 892335100 3819 225500 SH SOLE 225500 0 0
WELLS FARGO & CO NEW COM 949746101 7017 175700 SH SOLE 175700 0 0
WHIRLPOOL CORP COM 963320106 5294 95600 SH SOLE 95600 0 0
WORTHINGTON INDS INC COM 981811102 3461 276900 SH SOLE 276900 0 0
REPORT SUMMARY 47 DATA RECORDS 313971 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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