RANDY "DUKE" CUNNINGHAM, California THOMAS C. SAWYER, Ohio

CONTENTS

Page

Hearing held in Washington, DC, June 15, 1995

1

Statement of:

Ball, David, Esq., Williams, Mullen, Christian & Dobbins, former Assist-

ant Secretary for Pension and Welfare Benefits Administration

Berg, Hon. Olena, Assistant Secretary, Pension and Welfare Benefits

Administration

60

30

Drucker, Myra, Assistant Treasurer, Xerox Corporation, on behalf of the

Committee on Investment of Employee Benefit Assets

Monks, Robert, Principal, Lens, Inc.

125

115

Saxton, Hon. Jim, a Representative in Congress from the State of New

Jersey

19

Prepared statements, letters, supplemental materials, et cetera:

Zelinsky, Edward, Professor, Benjamin N. Cardozo School of Law, Ye-

shiva University

66

Ball, David, Esq., Williams, Mullen, Christian & Dobbins, former Assist-

ant Secretary for Pension and Welfare Benefits Administration, pre-

pared statement of

63

Response to questions by

218

Berg, Hon. Olena, Assistant Secretary, Pension and Welfare Benefits

Administration, prepared statement of

35

Response to questions

222

Drucker, Myra, Assistant Treasurer, Xerox Corporation, on behalf of the
Committee on Investment of Employee Benefit Assets, prepared state-
ment of.....

126

Additional material submitted for the record by

198

Mares, Judy, Financial Executives Institute, prepared statement of

Monks, Robert, Principal, Lens, Inc., prepared statement of.......

Owens, Hon. Major R., a Representative in Congress from the State

of New York, additional material submitted for the record by

Additional material submitted for the record by

Additional material submitted for the record by

200

117

7

139

153

Saxton, Hon. Jim, a Representative in Congress from the State of New
Jersey, prepared statement of .........

24

Zelinsky, Edward, Professor, Benjamin N. Cardozo School of Law, Ye-
shiva University, prepared statement of....

69

(III)