Table 3.  Percent Distribution of Cash and Security Holdings of Major 
          Public Employee-Retirement Systems:  Quarter Ending 
          September 30, 1999, and Prior Periods  (Because of rounding,
          detail may not add to totals.  r = revised from previously 
          published amounts.)
            
(z) = less than 0.05 percent

                                                        Total
                               Corporate   Corporate   Federal
Date                    Total    Stocks      Bonds    Securities

Sept 30, 1999. . . . .  100.0     36.8       17.2        14.4
June 30, 1999  . . . .  100.0     36.7       17.1        15.0
March 31, 1999 . . . .  100.0     35.8       17.5        15.3

Dec 31, 1998 . . . . .  100.0     36.5       17.7        15.5
Sept 30, 1998. . . . .  100.0     36.4       17.7        15.5
June 30, 1998. . . . .  100.0     36.6       17.4        15.9 
March 31, 1998 . . . .  100.0     36.5       17.1        15.9

Dec 31, 1997 . . . . .  100.0     35.6       18.2        17.3
Sept 30, 1997. . . . .  100.0     35.2       17.5        17.8
June 30, 1997. . . . .  100.0     34.8       17.9        18.1
March 31, 1997 . . . .  100.0     35.1       17.9        18.3

Dec 31, 1996 . . . . .  100.0     34.4       17.8        19.3
Sept 30, 1996. . . . .  100.0     33.9       17.9        19.7
June 30, 1996. . . . .  100.0     33.5       17.4        20.1
March 31, 1996 . . . .  100.0     34.2       18.4        19.7

Dec 31, 1995 . . . . .  100.0     35.0       19.1        19.7
Sept 30, 1995. . . . .  100.0     34.6       19.0        19.9
June 30, 1995. . . . .  100.0     34.3       19.3        20.1
March 31, 1995 . . . .  100.0     35.4       19.4        20.8

Dec 31, 1994 . . . . .  100.0     34.1       19.8        20.5
Sept 30, 1994. . . . .  100.0     34.3       19.3        21.2
June 30, 1994. . . . .  100.0     34.5       20.1        21.7
March 31, 1994 . . . .  100.0     34.3       20.4        22.0




                         United     Federal            State and Local
                         States     Agency               Government
Date                    Treasury  Securities  Mortgages  Securities

Sept 30, 1999. . . . .   11.2        3.2        1.5        0.2 
June 30, 1999  . . . .   11.7        3.2        1.5        0.2
March 31, 1999 . . . .   11.9        3.4        1.6        0.1

Dec 31, 1998 . . . . .   12.2        3.3        1.6        0.1
Sept 30, 1998. . . . .   12.2        3.4        1.6        0.1
June 30, 1998. . . . .   12.7        3.2        1.6        0.1
March 31, 1998 . . . .   12.9        3.1        1.6        0.1

Dec 31, 1997 . . . . .   14.3        3.1        1.2        0.1
Sept 30, 1997. . . . .   14.7        3.1        1.2        0.1  
June 30, 1997. . . . .   15.0        3.1        1.1        0.1  
March 31, 1997 . . . .   15.0        3.2        1.1        0.1

Dec 31, 1996 . . . . .   15.9        3.4        2.0        (z)
Sept 30, 1996. . . . .   16.3        3.4        2.0        (z)
June 30, 1996. . . . .   16.6        3.5        2.0        (z)
March 31, 1996 . . . .   16.5        3.2        2.1        0.1

Dec 31, 1995 . . . . .   16.7        3.0        1.7        (z)
Sept 30, 1995. . . . .   17.1        2.9        1.7        (z)
June 30, 1995. . . . .   17.2        2.9        1.7        (z)
March 31, 1995 . . . .   18.0        2.7        1.8        (z)
                               
Dec 31, 1994 . . . . .   17.7        2.8        2.0        (z)
Sept 30, 1994. . . . .   18.0        3.2        2.1        (z)
June 30, 1994. . . . .   18.4        3.3        2.3        (z)
March 31, 1994 . . . .   19.1        2.9        2.2        (z)




                       Cash and           Other
Date                   Deposits        Securities

Sept 30, 1999 . . . . .  5.1               24.8
June 30, 1999 . . . . .  5.3               24.2
March 31, 1999  . . . .  5.5               24.2

Dec 31, 1998  . . . . .  5.3               23.3
Sept 30, 1998 . . . . .  5.4               23.2
June 30, 1998 . . . . .  5.4               22.9
March 31, 1998  . . . .  5.6               23.1

Dec 31, 1997  . . . . .  4.4               23.1
Sept 30, 1997 . . . . .  5.1               23.1
June 30, 1997 . . . . .  5.1               22.9
March 31, 1997  . . . .  4.8               22.7

Dec 31, 1996  . . . . .  4.9               21.5
Sept 30, 1996 . . . . .  5.0               21.4
June 30, 1996 . . . . .  5.1               21.8
March 31, 1996. . . . .  5.0               20.6

Dec 31, 1995  . . . . .  6.0               18.5
Sept 30, 1995 . . . . .  5.8               18.8
June 30, 1995 . . . . .  5.9               18.6
March 31, 1995  . . . .  5.7               17.0
                              
Dec 31, 1994  . . . . .  5.7               17.8
Sept 30, 1994 . . . . .  5.4               17.6
June 30, 1994 . . . . .  5.9               15.6
March 31, 1994  . . . .  5.3               15.6