-                                                      TABLE B-8                                                                     
                                                                                                                                     
                                                COLLECTIVE INVESTMENT FUNDS                                                          
                                            15 LARGEST REAL ESTATE EQUITY FUNDS                                                      
                                                       BY ASSET SIZE                                                                 
                                                     DECEMBER 31, 1996                                                               
0                                                                                                 FUND          TOTAL ASSETS   TOTAL 
 SEQ  NAME OF INSTITUTION                       FUND NAME                                     CLASSIFICATION    (THOUS. OF $) ACCOUNT
                                                                                                                                     
0  1  PNC Bank, National Association        GOVERNMENT STI                                 02 EMPLOYEE BENEFIT     1,773,794    1,653
      PITTSBURGH, PA                                                                                                                 
0  2  Citibank, N. A.                       CEBT REAL ESTATE EQUITY FUND*                  02 EMPLOYEE BENEFIT       214,139        8
      NEW YORK CITY, NY                                                                                                              
0  3  NationsBank, National Association     EB REAL ESTATE FUND                            02 EMPLOYEE BENEFIT       139,435       19
      CHARLOTTE, NC                                                                                                                  
0  4  NationsBank, National Association     NCNB REAL ESTATE FUND                          01 PERSONAL TRUST         132,835       34
      CHARLOTTE, NC                                                                                                                  
0  5  Morgan Guaranty Trust Company of New  COMMINGLED FUND - PETROLEUM II                 02 EMPLOYEE BENEFIT       126,602       11
      NEW YORK CITY, NY                                                                                                              
0  6  RCB Trust Company                     REAL PROPERTY TR. - AMLI I                     02 EMPLOYEE BENEFIT        84,948        3
      STAMFORD, CT                                                                                                                   
0  7  The Chase Manhattan Bank              REAL ESTATE INVESTMENT FUND                    02 EMPLOYEE BENEFIT        78,360        5
      NEW YORK CITY, NY                                                                                                              
0  8  Wachovia Bank of Georgia, National A  EMERGING GROWTH TIMBERLAND FUND                02 EMPLOYEE BENEFIT        72,741        7
      AUGUSTA, GA                                                                                                                    
0  9  State Street Bank and Trust Company   REAL ESTATE VI                                 02 EMPLOYEE BENEFIT        63,397       14
      BOSTON, MA                                                                                                                     
0 10  Wachovia Bank of North Carolina, Nat  DIVERSIFIED REAL ESTATE LIQUIDATING ACCOUNT    02 EMPLOYEE BENEFIT        62,337      174
      WINSTON-SALEM, NC                                                                                                              
0 11  State Street Bank and Trust Company   REAL ESTATE III                                02 EMPLOYEE BENEFIT        50,372       10
      BOSTON, MA                                                                                                                     
0 12  Harris Trust and Savings Bank         RELATED ACCOUNT FUND NUMBER NINE               01 PERSONAL TRUST          45,666       83
      CHICAGO, IL                                                                                                                    
0 13  State Street Bank and Trust Company   REAL ESTATE V                                  02 EMPLOYEE BENEFIT        43,420       13
      BOSTON, MA                                                                                                                     
0 14  Citibank, N. A.                       CEBT PARTICIPATING MORTGAGE LIQUIDATING FUN    02 EMPLOYEE BENEFIT        40,957       25
      NEW YORK CITY, NY                                                                                                              
0 15  Comerica Bank                         CHRISKEN FUND                                  02 EMPLOYEE BENEFIT        37,592       14
      DETROIT, MI                                                                                                                    
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