TABLE B-12
 
                                               COLLECTIVE INVESTMENT FUNDS
                                          15 LARGEST FOREIGN FIXED INCOME FUNDS
                                                      BY ASSET SIZE
                                                    DECEMBER 31, 1998
                                                                                                 FUND          TOTAL ASSETS   TOTAL
SEQ  NAME OF INSTITUTION                       FUND NAME                                     CLASSIFICATION    (THOUS. OF $) ACCOUNT
 
  1  Barclays Global Investors, National   NON-US WORLD GOVT BD INDX FD                   02 EMPLOYEE BENEFIT       207,086        8
     SAN FRANCISCO, CA
  2  Morgan Guaranty Trust Company of New  COMMINGLED FUND - SSI INTL. BONDS UNHDGD       02 EMPLOYEE BENEFIT       192,103        7
     NEW YORK CITY, NY
  3  Putnam Fiduciary Trust Company        PUTNAM INTL FIXED INCOME TRUST                 02 EMPLOYEE BENEFIT       151,886       13
     BOSTON, MA
  4  Mellon Bank, National Association     EB CCF MELLON GLOBAL BOND FUND                 02 EMPLOYEE BENEFIT       147,387       15
     PITTSBURGH, PA
  5  Morgan Guaranty Trust Company of New  COMMINGLED FUND - SSI INTL. BONDS              02 EMPLOYEE BENEFIT       123,132       16
     NEW YORK CITY, NY
  6  Putnam Fiduciary Trust Company        PUTNAM WORLD INCOME TRUST                      02 EMPLOYEE BENEFIT        78,139        7
     BOSTON, MA
  7  Morgan Guaranty Trust Company of New  COMMINGLED FUND - EMERG. MKTS. FIXED INC.      02 EMPLOYEE BENEFIT        77,560       11
     NEW YORK CITY, NY
  8  Barclays Global Investors, National   WORLD GOVT BOND FD-JAPAN                       02 EMPLOYEE BENEFIT        59,152        1
     SAN FRANCISCO, CA
  9  Wellington Trust Company, National A  INTERNATIONAL BOND PORTFOLIO                   02 EMPLOYEE BENEFIT        51,985        6
     BOSTON, MA
 10  Fiduciary Trust Company Internationa  GLOBAL BOND FUND H                             02 EMPLOYEE BENEFIT        49,662        5
     NEW YORK CITY, NY
 11  Fidelity Management Trust Company     FIDELITY EMERGING MARKETS DEBT COLLECTIVE POO  02 EMPLOYEE BENEFIT        49,259        2
     BOSTON, MA
 12  Barclays Global Investors, National   NON-US WORLD GOVT BD FD B                      01 PERSONAL TRUST          33,346        2
     SAN FRANCISCO, CA
 13  Barclays Global Investors, National   WORLD GOVT BOND FD-GERMANY                     02 EMPLOYEE BENEFIT        32,476        1
     SAN FRANCISCO, CA
 14  Barclays Global Investors, National   WORLD GOVT BOND FD-FRANCE                      02 EMPLOYEE BENEFIT        25,568        1
     SAN FRANCISCO, CA
 15  Barclays Global Investors, National   WORLD GOVT BOND FD B-NETH                      01 PERSONAL TRUST          25,113        6
     SAN FRANCISCO, CA