The commission's actions put the owner of the Seagram Building, the Teachers Insurance and Annuity Association, in a highly unusual position.

The two agreed yesterday to buy the building from the Teachers Insurance and Annuity Association for more than $375 million, according to executives involved in the deal.

Professors and academic administrators have long participated in the Teachers Insurance and Annuity Association.

After a sheriff's auction on December 4 of that year, the creditor, Teachers Insurance and Annuity Association, took ownership of the property.

In 1963 he joined Teachers Insurance and Annuity Association in a position where he managed the firm's securities investments.

Her father is a senior counsel at the Teachers Insurance and Annuity Association of America, the pension fund in New York.

The rest was supplied by Teachers Insurance and Annuity Association and the Chase Manhattan Bank.

It was purchased in March by the Teachers Insurance and Annuity Association.

In 1963 he became manager of securities investments for the Teachers Insurance and Annuity Association.

The company raised additional $10 million in capital in 2000 by selling equity to Teachers Insurance and Annuity Association.