Table 3.  Percent Distribution of Cash and Security Holdings of Major Public Employee - Retirement Systems: 
          Quarter Ending June 30, 2005 and Prior Periods

          Because of rounding, detail may not add to totals.
          r Revised from previously published amounts.
          (z)less than 0.05 percent.

                                                        Federal                          State/Local
                                 Corporate  Corporate  Government   Int.                 Government Cash and    Other
Date                   Total       Stocks     Bonds    Securities Securities  Mortgages  Securities Deposits    Securities

June 30, 2005          100.0        36.9       17.0       8.5        13.4        0.8        0.1        3.1        20.2
March 31, 2005r        100.0        37.6       17.3       8.7        13.5        0.8        (z)        3.0        18.9

Dec 31, 2004r          100.0        38.1       17.2       8.4        13.3        0.9        (z)        3.2        19.0
Sept 30, 2004r         100.0        38.3       14.1       9.6        12.5        1.0        (z)        4.5        20.0
June 30, 2004r         100.0        38.2       14.0       9.2        12.5        1.1        (z)        4.2        20.9
March 31, 2004         100.0        38.5       14.9       9.6        11.8        0.9        0.1        5.0        19.2

Dec 31, 2003           100.0        39.5       15.5       9.2        12.0        1.0        0.1        3.9        18.8
Sept 30, 2003          100.0        39.8       16.3       9.6        11.8        1.2        0.1        3.2        18.0
June 30, 2003          100.0        39.1       17.0       10.4       11.7        1.0        (z)        3.3        17.4
March 31, 2003         100.0        38.4       16.6       9.9        11.8        1.0        (z)        5.2        17.2

Dec 31, 2002           100.0        34.6       16.7       9.9        13.8        1.1        (z)        5.2        18.7
Sept 30, 2002          100.0        34.6       17.3       10.5       13.2        1.1        (z)        4.9        18.3
June 30, 2002          100.0        34.0       17.2       10.2       13.0        1.0        (z)        5.1        19.4
March 31, 2002         100.0        35.8       16.0       10.8       12.8        1.0        (z)        5.1        18.5

Dec 31, 2001           100.0        35.1       16.4       10.5       13.3        1.0        (z)        5.2        18.5
Sept 30, 2001          100.0        33.9       16.2       11.0       13.0        1.0        (z)        5.4        19.5
June 30, 2001          100.0        34.9       15.8       11.6       13.2        1.0        0.1        5.3        18.1
March 31, 2001         100.0        34.9       15.7       12.8       12.7        1.1        0.1        5.1        17.6

Dec 31, 2000           100.0        34.7       16.3       12.5       13.4        1.1        0.1        5.2        16.7
Sept 30, 2000          100.0        35.4       16.4       12.7       13.4        1.1        0.1        5.7        15.2
June 30, 2000          100.0        36.2       17.8       12.8       (z)         1.3        0.2        5.8        26.0
March 31, 2000         100.0        36.6       17.9       12.7       (z)         1.3        0.2        5.6        25.8