TO: Members of the Investment Commitee

T.L. Rhodes, Chairman	R.H. Lillie	A.M. Taylor

J.R. Coleman	I.A Rader

M.S. Joyce	W.J. Roper

From: Robert Berkopec

Subject: Comparative Investment Information

The January 20, 1997 issue of Pensions and Investments included comparative asset allocation data for the Top 200 defined benefit pension funds as presented below:

Stocks	Fixed Income	Cash	Real Estate	BICs/GICs	Annuities	Mortgages	Other
Corporate Pension Plans
1996	63.8	25.3	2.4	4.7	n/a	n/a	0.3	3.5
1995	62.6	26.9	2.2	4.7	n/a	n/a	0.2	3.4
Public Pension Plans
1996	53.3	36.0	3.0	3.4	n/a	n/a	1.1	3.2
1995	52.4	38.1	3.3	3.1	n/a	n/a	1.1	2.0
Union Pension Plans
1996	46.1	36.2	2.4	6.0	n/a	n/a	0.6	8.7
1995	43.7	44.8	1.9	4.0	n/a	n/a	1.5	4.1
Bradley Foundation
12-31-96	69.67	21.38	3.73	-	1.16	4.06
12-31-95	65.39	25.16	3.47	-	2.36	3.62

As expected the allocation to stocks is lower than the Bradley Foundation but the corporate pension plans are in the 60% range for stocks.