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To: Jeff Jordan who wrote (1944)	8/2/2002 12:00:52 PM
From: Ron	Respond to of 5125

Some state employees here raising hell about this. Has GOT to be a bullish sign :) RALEIGH, N.C. -- North Carolina's multi-billion dollar state pension fund is about to buy more stocks at a time when other investors are getting rid of equity investments. State treasurer Richard Moore says the 53 billion dollar fund needs to increase its stock investments so it can meet obligation to pay pension benefits in the future. The fund will shift about three billion dollars out of bonds and other investments into the stock market. Moore said he hopes 55 percent of the fund will be invested in stocks by this time next year. The fund currently has about 49 percent of its value in stocks. Moore said the state can generate higher returns for the 600,000 current and future retirees by investing in stocks.