National Mutual Insurance Federation of Agricultural Cooperatives

National Mutual Insurance Federation of Agricultural Cooperatives as of Dec. 31, 2004

Portfolio Holdings for National Mutual Insurance Federation of Agricultural Cooperatives

National Mutual Insurance Federation of Agricultural Cooperatives holds 38 positions in its portfolio as reported in the December 2004 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 91.7 $346M 2.9M 120.87
Eaton Corporation 0.4 $1.4M 20k 72.35
Manor Care 0.4 $1.4M 40k 35.42
American Intl Group 0.3 $1.3M 20k 65.65
Johnson Controls 0.3 $1.3M 20k 63.45
WellPoint 0.3 $1.2M 10k 115.00
Wells Fargo & Company (WFC) 0.3 $1.1M 18k 62.17
Becton, Dickinson and (BDX) 0.3 $1.1M 20k 56.80
Procter & Gamble Company (PG) 0.3 $1.1M 20k 55.10
Microsoft Corporation (MSFT) 0.3 $1.1M 40k 26.72
International Business Machines (IBM) 0.3 $986k 10k 98.60
NOBLE CORPORATION Com Stk 0.3 $995k 20k 49.75
Sungard Data Sys 0.3 $992k 35k 28.34
U.S. Bancorp (USB) 0.2 $940k 30k 31.33
Altria (MO) 0.2 $917k 15k 61.13
AutoZone (AZO) 0.2 $913k 10k 91.30
Washington Mutual 0.2 $846k 20k 42.30
Family Dollar Stores 0.2 $781k 25k 31.24
Verizon Communications (VZ) 0.2 $810k 20k 40.50
General Motors Corp 0.2 $801k 20k 40.05
Raytheon Company 0.2 $777k 20k 38.85
H.J. Heinz Company 0.2 $780k 20k 39.00
Coca-Cola Company (KO) 0.2 $750k 18k 41.67
Johnson & Johnson (JNJ) 0.2 $761k 12k 63.42
Electronic Arts (EA) 0.2 $740k 12k 61.67
Anheuser-busch Cos 0.2 $761k 15k 50.73
Amgen (AMGN) 0.2 $770k 12k 64.17
St Paul Travelers Cos 0.2 $741k 20k 37.05
Wal-Mart Stores (WMT) 0.2 $634k 12k 52.83
Goodrich Corporation 0.2 $653k 20k 32.65
V.F. Corporation (VFC) 0.1 $554k 10k 55.40
Darden Restaurants (DRI) 0.1 $555k 20k 27.75
Exxon Mobil Corporation (XOM) 0.1 $513k 10k 51.30
Pfizer (PFE) 0.1 $538k 20k 26.90
Emerson Electric (EMR) 0.1 $526k 7.5k 70.13
Pitney Bowes (PBI) 0.1 $463k 10k 46.30
Intuit (INTU) 0.1 $440k 10k 44.00
E.I. du Pont de Nemours & Company 0.1 $368k 7.5k 49.07