Participants <N-P>

Nabisco, R.J.R. & Company
NACCO Industries, Inc.
Nalco Chemical Company
National City Corp.
National Gypsum Company
National Intergroup, Inc.
National Medical Enterprises, Inc.
National Starch and Chemical Company
National Steel Corp.
National Westminster Bancorp
NationCredit Corp.
Nations Bank Corp.
Nationwide Mutual Insurance Company
NBD Bancorp, Inc.
NBD Indiana, Inc.
NCR Corp.
Neles-Jamesbury
Nellie Mae
Nepera, Inc.
New England Business Service, Inc.
New England Electric System Cos.
New Jersey Bell Telephone Company
New Jersey National Bank
New Jersey Natural Gas Company
New York Life Insurance Company
New York State Electric & Gas Corp.
New York Stock Exchange, Inc.
New York Times Company, The
New Yorker Magazine, Inc., The
Newmont Mining Corp.
Niagara Mohawk Power Corp.
Nike, Inc.
Nordson Corp.
Norfolk Southern Corp.
Northeast Utilities
Northern Illinois Gas
Northern States Power Company
Northern Telecom, Inc.
Northern Trust Company, The
Northwest Industries, Inc.
Northwestern Mutual Life Insurance Company
Norton & Company, Inc., W.W.
Norton Company
Norwest Bank Colorado
Norwest Corp.
NutraSweet Company, The
NYNEX Corp.
Occidental Petroleum Corp.
Ohio Eddison Company
Ohio National Life Insurance Company, The
Oklahoma Gas and Electric Company
Olin Corp.
Omni Construction, Inc.
Ontario Corp.
Openaka Corp., Inc.
Oppenheimer Funds, Inc.
Oregon Portland Cement Company
Osram Sylavania, Inc.
Otter Tail Power Company
Outboard Marine Corp.
Owens-Illinois, Inc.
Oxford Industries, Inc.
Oxy USA Inc.
Paccar Inc.
Pacific Enterprises
Pacific Mutual Life Insurance Company
Pan-American Life Insurance Company
Panhandle Eastern Corp.
Parker Hannifin Corp.
Paul Revere Cos., The
PCL Constructors Inc.
Peat Marwick, KPMG
Pechiney Corp.
Pella Corp.
Penn Mutual Life Insurance Company
Pennsylvania Power & Light Company
Pennzoil Company
People's Bank
Peoples Energy Corp.
PepsiCo Foundation
Perkin-Elmer Corp., The
Pet, Inc.
Peterson Consulting Limited Partnership
Pfizer Inc.
P&G
P.H. Glatfelter Company
Phelps Dodge Corp.
PHH Corp.
Philip Morris Cos. Inc.
Philips Electronics North America Corp.
Phillips Petroleum Company
Phoenix Home Life Mutual Insurance Company
Piedmont Aviation, Inc.
Pinkerton Tobacco Company, The
Pioneer Group, Inc., The
Pioneer Hi-Bred International , Inc.
Piper Jaffray Cos. Inc.
Pitney Bowes Inc.
Pitton Foundation, The
Pittsburgh National Bank
Pittston Company, The
Pittway Corp.
Plante & Moran, CPA's
Playboy Enterprises, Inc.
PNC Bank Corp.
Pogo Producing Company
Polaroid Corp.
Pope & Talbot, Inc.
Potlatch Corp.
PPG Industries, Inc.
PQ Corp.
Preferred Risk Financial
Preformed Line Products
Premark International, Inc.
Price & Pierce International Inc.
Price Brothers Company
Price Waterhouse LLP
Principal Financial Group, The
Procter & Gamble Company, The
Proctor & Gamble Cosmetic and Fragrance Products
Protection Mutual Insurance Company
Provident Cos., Inc.
Provident Mutual Life Insurance Company Philadelphia
Provident National Bank
Providian Corp.
Prudential Insurance Company of America, The
Public Service Company of Colorado
Public Service Electric and Gas Company
Puget Sound Power & Light Company
Purolator Products, Inc.