THE VIRGINIAN-PILOT 
              Copyright (c) 1994, Landmark Communications, Inc.

DATE: Thursday, August 4, 1994               TAG: 9408040377
SECTION: BUSINESS                 PAGE: D02  EDITION: FINAL 
SOURCE: From staff reports 
                                             LENGTH: Short :   22 lines

STATE RETIREMENT SYSTEM REPORTS RESULTS

Following recent meetings of its board of trustees and investment advisory committee, the Virginia Retirement System reported preliminary results for the fiscal year ended June 30, 1994. The VRS investment portfolio recorded a total annual rate of return of 1.7 percent, resulting in a market value of $16.1 billion on June 30, 1994. This compared to $15.4 billion on June 30, 1993. Total equity ($9.0 billion) increased 2.7 percent, with domestic equities up 1.3 percent and international equities up 14.3 percent.

KEYWORDS: VIRGINIA RETIREMENT SYSTEM

by CNB