<SEC-DOCUMENT>0001140361-16-064759.txt : 20160512
<SEC-HEADER>0001140361-16-064759.hdr.sgml : 20160512
<ACCEPTANCE-DATETIME>20160512134231
ACCESSION NUMBER:		0001140361-16-064759
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160331
FILED AS OF DATE:		20160512
DATE AS OF CHANGE:		20160512
EFFECTIVENESS DATE:		20160512

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENERAL ELECTRIC CO
		CENTRAL INDEX KEY:			0000040545
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
		IRS NUMBER:				140689340
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-01502
		FILM NUMBER:		161642893

	BUSINESS ADDRESS:	
		STREET 1:		3135 EASTON TURNPIKE
		STREET 2:		W3F
		CITY:			FAIRFIELD
		STATE:			CT
		ZIP:			06828
		BUSINESS PHONE:		203-373-2211

	MAIL ADDRESS:	
		STREET 1:		3135 EASTON TURNPIKE
		STREET 2:		W3F
		CITY:			FAIRFIELD
		STATE:			CT
		ZIP:			06828
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0000040545</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>03-31-2016</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>03-31-2016</reportCalendarOrQuarter>
      <filingManager>
        <name>GENERAL ELECTRIC CO</name>
        <address>
          <com:street1>3135 EASTON TURNPIKE</com:street1>
          <com:street2>W3F</com:street2>
          <com:city>FAIRFIELD</com:city>
          <com:stateOrCountry>CT</com:stateOrCountry>
          <com:zipCode>06828</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-01502</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Robert DeGennaro</name>
      <title>Assistant Controller</title>
      <phone>203-373-2535</phone>
      <signature>Robert DeGennaro</signature>
      <city>Fairfield</city>
      <stateOrCountry>CT</stateOrCountry>
      <signatureDate>05-12-2016</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>1</otherIncludedManagersCount>
      <tableEntryTotal>217</tableEntryTotal>
      <tableValueTotal>19558384</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <cik>0001121163</cik>
            <form13FFileNumber>028-05827</form13FFileNumber>
            <name>GE ASSET MANAGEMENT</name>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
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<TEXT>
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<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>ALLERGAN PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G0177J108</cusip>
			<value>631090</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2354550</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>2354550</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AXALTA COATING SYS LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G0750C108</cusip>
			<value>7165</value>
			<shrsOrPrnAmt>
				<sshPrnamt>245363</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>245363</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ACCENTURE PLC IRELAND</nameOfIssuer>
			<titleOfClass>SHS CLASS A</titleOfClass>
			<cusip>G1151C101</cusip>
			<value>1438</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12460</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>12460</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DELPHI AUTOMOTIVE PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G27823106</cusip>
			<value>158930</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2118498</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>2118498</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INGERSOLL-RAND PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G47791101</cusip>
			<value>211404</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3409188</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>3409188</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INVESCO LTD</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G491BT108</cusip>
			<value>145839</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4739657</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>4739657</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>LIBERTY GLOBAL PLC</nameOfIssuer>
			<titleOfClass>SHS CL C</titleOfClass>
			<cusip>G5480U120</cusip>
			<value>270643</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7205606</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>7205606</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEDTRONIC PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G5960L103</cusip>
			<value>425683</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5675779</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>5675779</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NIELSEN HLDGS PLC</nameOfIssuer>
			<titleOfClass>SHS EUR</titleOfClass>
			<cusip>G6518L108</cusip>
			<value>180976</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3436691</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>3436691</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>XL GROUP PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G98290102</cusip>
			<value>31648</value>
			<shrsOrPrnAmt>
				<sshPrnamt>859996</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>859996</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CHUBB LIMITED</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>H1467J104</cusip>
			<value>142981</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1200012</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>1200012</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CHECK CAP LTD</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>M2361E112</cusip>
			<value>488</value>
			<shrsOrPrnAmt>
				<sshPrnamt>177381</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>177381</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MOBILEYE N V AMSTELVEEN</nameOfIssuer>
			<titleOfClass>ORD SHS</titleOfClass>
			<cusip>N51488117</cusip>
			<value>4469</value>
			<shrsOrPrnAmt>
				<sshPrnamt>119848</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>119848</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>LYONDELLBASELL INDUSTRIES N</nameOfIssuer>
			<titleOfClass>SHS - A -</titleOfClass>
			<cusip>N53745100</cusip>
			<value>5303</value>
			<shrsOrPrnAmt>
				<sshPrnamt>61971</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>61971</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>NXP SEMICONDUCTORS N V</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>N6596X109</cusip>
			<value>55806</value>
			<shrsOrPrnAmt>
				<sshPrnamt>688374</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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				<Sole>688374</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>YANDEX N V</nameOfIssuer>
			<titleOfClass>SHS CLASS A</titleOfClass>
			<cusip>N97284108</cusip>
			<value>5401</value>
			<shrsOrPrnAmt>
				<sshPrnamt>352548</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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				<Sole>352548</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>AG MTG INVT TR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>001228105</cusip>
			<value>3268</value>
			<shrsOrPrnAmt>
				<sshPrnamt>250000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>250000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>AT&amp;T INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00206R102</cusip>
			<value>13318</value>
			<shrsOrPrnAmt>
				<sshPrnamt>340000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>340000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ABBOTT LABS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002824100</cusip>
			<value>213891</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5113335</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>5113335</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ADVANCE AUTO PARTS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00751Y106</cusip>
			<value>29938</value>
			<shrsOrPrnAmt>
				<sshPrnamt>186713</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>186713</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>AIR PRODS &amp; CHEMS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>009158106</cusip>
			<value>2370</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16456</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>16456</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ALEXION PHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>015351109</cusip>
			<value>121400</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>872001</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ALIBABA GROUP HLDG LTD</nameOfIssuer>
			<titleOfClass>SPONSORED ADS</titleOfClass>
			<cusip>01609W102</cusip>
			<value>31428</value>
			<shrsOrPrnAmt>
				<sshPrnamt>397675</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>397675</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLEGHANY CORP DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>017175100</cusip>
			<value>9924</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLSTATE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>020002101</cusip>
			<value>2608</value>
			<shrsOrPrnAmt>
				<sshPrnamt>38718</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>38718</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALPHABET INC</nameOfIssuer>
			<titleOfClass>CAP STK CL C</titleOfClass>
			<cusip>02079K107</cusip>
			<value>347015</value>
			<shrsOrPrnAmt>
				<sshPrnamt>465823</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>465823</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALPHABET INC</nameOfIssuer>
			<titleOfClass>CAP STK CL A</titleOfClass>
			<cusip>02079K305</cusip>
			<value>240085</value>
			<shrsOrPrnAmt>
				<sshPrnamt>314700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>314700</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALTRIA GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02209S103</cusip>
			<value>28785</value>
			<shrsOrPrnAmt>
				<sshPrnamt>459383</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>459383</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMAZON COM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023135106</cusip>
			<value>376781</value>
			<shrsOrPrnAmt>
				<sshPrnamt>634696</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer>
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			<nameOfIssuer>AMERICAN WTR WKS CO INC NEW</nameOfIssuer>
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			<nameOfIssuer>AMERIPRISE FINL INC</nameOfIssuer>
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			<nameOfIssuer>AMGEN INC</nameOfIssuer>
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			<nameOfIssuer>ANADARKO PETE CORP</nameOfIssuer>
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			<nameOfIssuer>APPLE INC</nameOfIssuer>
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			<nameOfIssuer>APPLIED MATLS INC</nameOfIssuer>
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			<nameOfIssuer>AUTOMATIC DATA PROCESSING IN</nameOfIssuer>
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			<nameOfIssuer>AUTONATION INC</nameOfIssuer>
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			<nameOfIssuer>BAIDU INC</nameOfIssuer>
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			<nameOfIssuer>BAKER HUGHES INC</nameOfIssuer>
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			<nameOfIssuer>BANK AMER CORP</nameOfIssuer>
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			<nameOfIssuer>BARD C R INC</nameOfIssuer>
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			<nameOfIssuer>BECTON DICKINSON &amp; CO</nameOfIssuer>
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			<nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</nameOfIssuer>
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			<nameOfIssuer>BOEING CO</nameOfIssuer>
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			<nameOfIssuer>BOSTON SCIENTIFIC CORP</nameOfIssuer>
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			<nameOfIssuer>CBS CORP NEW</nameOfIssuer>
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			<nameOfIssuer>CBRE GROUP INC</nameOfIssuer>
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			<nameOfIssuer>CDW CORP</nameOfIssuer>
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			<nameOfIssuer>CME GROUP INC</nameOfIssuer>
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			<nameOfIssuer>CMS ENERGY CORP</nameOfIssuer>
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			<nameOfIssuer>CSX CORP</nameOfIssuer>
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			<nameOfIssuer>CVS HEALTH CORP</nameOfIssuer>
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			<nameOfIssuer>CALPINE CORP</nameOfIssuer>
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			<nameOfIssuer>CAPITAL ONE FINL CORP</nameOfIssuer>
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			<nameOfIssuer>CARDINAL HEALTH INC</nameOfIssuer>
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			<nameOfIssuer>CEMEX SAB DE CV</nameOfIssuer>
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			<nameOfIssuer>CHARTER COMMUNICATIONS INC D</nameOfIssuer>
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			<nameOfIssuer>CHEVRON CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>CHIPOTLE MEXICAN GRILL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>CISCO SYS INC</nameOfIssuer>
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			<nameOfIssuer>CITIGROUP INC</nameOfIssuer>
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			<value>141633</value>
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			<nameOfIssuer>CLOROX CO DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>COGNIZANT TECHNOLOGY SOLUTIO</nameOfIssuer>
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			<nameOfIssuer>COMCAST CORP NEW</nameOfIssuer>
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			<nameOfIssuer>CONCHO RES INC</nameOfIssuer>
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			<nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer>
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			<nameOfIssuer>COOPER COS INC</nameOfIssuer>
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			<nameOfIssuer>DIAGEO P L C</nameOfIssuer>
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			<nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
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			<nameOfIssuer>DISCOVER FINL SVCS</nameOfIssuer>
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			<nameOfIssuer>DISCOVERY COMMUNICATNS NEW</nameOfIssuer>
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			<nameOfIssuer>DOLLAR GEN CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>DOMINION RES INC VA NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>DOVER CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>29432</value>
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			<nameOfIssuer>DOW CHEM CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>DUKE ENERGY CORP NEW</nameOfIssuer>
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			<nameOfIssuer>E M C CORP MASS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>268648102</cusip>
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			<nameOfIssuer>EAGLE PHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>269796108</cusip>
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			<nameOfIssuer>EBAY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>278642103</cusip>
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			<nameOfIssuer>EDISON INTL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>281020107</cusip>
			<value>2666</value>
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			<nameOfIssuer>EQUINIX INC</nameOfIssuer>
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			<value>4907</value>
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			<nameOfIssuer>ERICSSON</nameOfIssuer>
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			<cusip>294821608</cusip>
			<value>14844</value>
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			<nameOfIssuer>EVINE LIVE INC</nameOfIssuer>
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			<nameOfIssuer>EXELON CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>EXTRA SPACE STORAGE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>FACEBOOK INC</nameOfIssuer>
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			<nameOfIssuer>58 COM INC</nameOfIssuer>
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			<value>557</value>
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			<nameOfIssuer>FIRST REP BK SAN FRANCISCO C</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>33616C100</cusip>
			<value>24672</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>FORD MTR CO DEL</nameOfIssuer>
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			<cusip>345370860</cusip>
			<value>76899</value>
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			<nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>35671D857</cusip>
			<value>781</value>
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			<nameOfIssuer>GCP APPLIED TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>36164Y101</cusip>
			<value>1378</value>
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			<nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>369550108</cusip>
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			<nameOfIssuer>GOLDMAN SACHS GROUP INC</nameOfIssuer>
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			<nameOfIssuer>GRACE W R &amp; CO DEL NEW</nameOfIssuer>
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			<nameOfIssuer>HESS CORP</nameOfIssuer>
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			<nameOfIssuer>HEWLETT PACKARD ENTERPRISE C</nameOfIssuer>
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			<nameOfIssuer>HEXCEL CORP NEW</nameOfIssuer>
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			<nameOfIssuer>HILTON WORLDWIDE HLDGS INC</nameOfIssuer>
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			<nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
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			<nameOfIssuer>HONEYWELL INTL INC</nameOfIssuer>
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			<nameOfIssuer>ICICI BK LTD</nameOfIssuer>
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			<nameOfIssuer>INTEL CORP</nameOfIssuer>
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			<nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
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			<nameOfIssuer>INTUIT</nameOfIssuer>
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			<nameOfIssuer>ISHARES TR</nameOfIssuer>
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			<nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
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			<nameOfIssuer>KIMBERLY CLARK CORP</nameOfIssuer>
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			<nameOfIssuer>KRAFT HEINZ CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
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			<nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer>
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			<nameOfIssuer>LINKEDIN CORP</nameOfIssuer>
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			<nameOfIssuer>LOWES COS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>MARATHON OIL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>565849106</cusip>
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			<nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>MCGRAW HILL FINL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>580645109</cusip>
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			<nameOfIssuer>MERCK &amp; CO INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58933Y105</cusip>
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			<nameOfIssuer>METLIFE INC</nameOfIssuer>
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			<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>MICROCHIP TECHNOLOGY INC</nameOfIssuer>
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			<nameOfIssuer>MITSUBISHI UFJ FINL GROUP IN</nameOfIssuer>
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			<cusip>606822104</cusip>
			<value>5659</value>
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			<nameOfIssuer>MONDELEZ INTL INC</nameOfIssuer>
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			<value>120290</value>
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			<nameOfIssuer>MONSANTO CO NEW</nameOfIssuer>
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			<nameOfIssuer>NEOGENOMICS INC</nameOfIssuer>
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			<nameOfIssuer>NETFLIX INC</nameOfIssuer>
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			<nameOfIssuer>NETEASE INC</nameOfIssuer>
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			<nameOfIssuer>NEW MEDIA INVT GROUP INC</nameOfIssuer>
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			<nameOfIssuer>NEW SR INVT GROUP INC</nameOfIssuer>
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			<nameOfIssuer>NEWELL RUBBERMAID INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>651229106</cusip>
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			<nameOfIssuer>NEWMONT MINING CORP</nameOfIssuer>
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			<nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer>
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			<nameOfIssuer>NIKE INC</nameOfIssuer>
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			<value>2865</value>
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			<nameOfIssuer>NOAH HLDGS LTD</nameOfIssuer>
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			<cusip>65487X102</cusip>
			<value>2782</value>
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			<nameOfIssuer>NOBLE ENERGY INC</nameOfIssuer>
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			<cusip>655044105</cusip>
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			<nameOfIssuer>OCCIDENTAL PETE CORP DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>ONEOK INC NEW</nameOfIssuer>
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			<nameOfIssuer>ORACLE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PG&amp;E CORP</nameOfIssuer>
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			<nameOfIssuer>PNC FINL SVCS GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PPG INDS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PACKAGING CORP AMER</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PATTERSON UTI ENERGY INC</nameOfIssuer>
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			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PAYPAL HLDGS INC</nameOfIssuer>
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			<nameOfIssuer>PEPSICO INC</nameOfIssuer>
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			<nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer>
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			<cusip>718172109</cusip>
			<value>8830</value>
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			<nameOfIssuer>PIONEER NAT RES CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PRAXAIR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PROCTER &amp; GAMBLE CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>742718109</cusip>
			<value>101814</value>
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			<nameOfIssuer>PRUDENTIAL FINL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>QUALCOMM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>7309764</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RLJ LODGING TR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74965L101</cusip>
			<value>68695</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3002424</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>3002424</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RALPH LAUREN CORP</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>751212101</cusip>
			<value>29013</value>
			<shrsOrPrnAmt>
				<sshPrnamt>301402</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>301402</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REPUBLIC SVCS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>760759100</cusip>
			<value>4411</value>
			<shrsOrPrnAmt>
				<sshPrnamt>92574</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>92574</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REYNOLDS AMERICAN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>761713106</cusip>
			<value>4504</value>
			<shrsOrPrnAmt>
				<sshPrnamt>89528</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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				<Sole>89528</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ROCKWELL AUTOMATION INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>773903109</cusip>
			<value>2017</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17731</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>17731</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ROPER TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>776696106</cusip>
			<value>8667</value>
			<shrsOrPrnAmt>
				<sshPrnamt>47422</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<votingAuthority>
				<Sole>47422</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SBA COMMUNICATIONS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>78388J106</cusip>
			<value>56211</value>
			<shrsOrPrnAmt>
				<sshPrnamt>561157</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>561157</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
			<titleOfClass>TR UNIT</titleOfClass>
			<cusip>78462F103</cusip>
			<value>3531</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17179</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>17179</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SALESFORCE COM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>79466L302</cusip>
			<value>25527</value>
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				<sshPrnamt>345755</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>345755</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SCHLUMBERGER LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>806857108</cusip>
			<value>323797</value>
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				<sshPrnamt>4390468</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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				<Sole>4390468</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SCHWAB CHARLES CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>808513105</cusip>
			<value>261480</value>
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				<sshPrnamt>9331888</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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		<infoTable>
			<nameOfIssuer>SEALED AIR CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>81211K100</cusip>
			<value>22207</value>
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				<sshPrnamt>462540</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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		<infoTable>
			<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
			<titleOfClass>SBI INT-FINL</titleOfClass>
			<cusip>81369Y605</cusip>
			<value>2962</value>
			<shrsOrPrnAmt>
				<sshPrnamt>131646</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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		<infoTable>
			<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
			<titleOfClass>SBI INT-INDS</titleOfClass>
			<cusip>81369Y704</cusip>
			<value>13133</value>
			<shrsOrPrnAmt>
				<sshPrnamt>236767</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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		<infoTable>
			<nameOfIssuer>SEMPRA ENERGY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>816851109</cusip>
			<value>13692</value>
			<shrsOrPrnAmt>
				<sshPrnamt>131592</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>131592</Sole>
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		<infoTable>
			<nameOfIssuer>SIRIUS XM HLDGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>82968B103</cusip>
			<value>86883</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>21995631</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SOLAREDGE TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>83417M104</cusip>
			<value>10852</value>
			<shrsOrPrnAmt>
				<sshPrnamt>431650</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>SQUARE INC</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>852234103</cusip>
			<value>2304</value>
			<shrsOrPrnAmt>
				<sshPrnamt>150807</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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		<infoTable>
			<nameOfIssuer>STARBUCKS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>855244109</cusip>
			<value>8004</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>134070</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>STATE STR CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>857477103</cusip>
			<value>275346</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4705155</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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		<infoTable>
			<nameOfIssuer>STATOIL ASA</nameOfIssuer>
			<titleOfClass>SPONSORED ADR</titleOfClass>
			<cusip>85771P102</cusip>
			<value>18837</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1210635</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>1210635</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>STEEL DYNAMICS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>858119100</cusip>
			<value>1618</value>
			<shrsOrPrnAmt>
				<sshPrnamt>71882</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>71882</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>STERICYCLE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>858912108</cusip>
			<value>5679</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>45000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>STRYKER CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>863667101</cusip>
			<value>69171</value>
			<shrsOrPrnAmt>
				<sshPrnamt>644711</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>644711</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SYNDAX PHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87164F105</cusip>
			<value>715</value>
			<shrsOrPrnAmt>
				<sshPrnamt>53646</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>53646</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>TAIWAN SEMICONDUCTOR MFG LTD</nameOfIssuer>
			<titleOfClass>SPONSORED ADR</titleOfClass>
			<cusip>874039100</cusip>
			<value>3840</value>
			<shrsOrPrnAmt>
				<sshPrnamt>146573</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>TAL ED GROUP</nameOfIssuer>
			<titleOfClass>ADS REPSTG COM</titleOfClass>
			<cusip>874080104</cusip>
			<value>497</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>TERRAFORM GLOBAL INC</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>88104M101</cusip>
			<value>4175</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1754385</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>882508104</cusip>
			<value>9773</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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				<Sole>170205</Sole>
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		<infoTable>
			<nameOfIssuer>TIME WARNER INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>887317303</cusip>
			<value>157875</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2176079</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>TOWNSQUARE MEDIA INC</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>892231101</cusip>
			<value>36524</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3258139</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3258139</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>TRACTOR SUPPLY CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>892356106</cusip>
			<value>2769</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30614</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>30614</Sole>
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		<infoTable>
			<nameOfIssuer>UNION PAC CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>907818108</cusip>
			<value>6499</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>81698</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>UNITED PARCEL SERVICE INC</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>911312106</cusip>
			<value>73966</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>UNITED RENTALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>911363109</cusip>
			<value>202796</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3260903</sshPrnamt>
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