<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number
This Amendment:
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: TRW Investment Management Company
Address: 1900 Richmond Road, Cleveland, Ohio 44124
Form 13F File Number: 28-201
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person signing this report
is authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists and tables, are considered integral parts of this
form.
Person Signing this Report on Behalf of Reporting Manager:
Reporting Manager:
Name: Robert M. Hamje
Title: Director and President
Phone: (216) 291-7624
Signature, Place and Date of Signing:
/s/ Robert M. Hamje
- ----------------------------------
Lyndhurst, Ohio
- -------------------------
11-5-99
- -------------------------
Report Type:
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
<PAGE> 2
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 165
Form 13F Information Table Value Total: $343,509 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of
all institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
No. 1
Form 13F File Number: 28-191
Name: TRW Inc.
<PAGE> 3
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ADC TELECOMMUNICATIONS COM 000886101 $2,281,400 54,400 SH Defined
AT&T CORP COM 001957109 $3,497,400 80,400 SH Defined
ADOBE SYS INC COM 00724F101 $2,724,000 24,000 SH Defined
ALLERGAN INC COM 018490102 $352,000 3,200 SH Defined
ALLIEDSIGNAL INC COM 019512102 $1,390,550 23,200 SH Defined
ALLSTATE CORP COM 020002101 $847,875 34,000 SH Defined
ALLTEL CORP COM 020039103 $211,125 3,000 SH Defined
AMERICA ONLINE INC DEL COM 02364J104 $6,104,800 58,700 SH Defined
AMERICAN NATL INS CO COM 028591105 $402,000 6,000 SH Defined
AMERITECH CORP NEW COM 030954101 $5,099,531 75,900 SH Defined
AMGEN INC COM 031162100 $2,722,100 33,400 SH Defined
AMSOUTH BANCORPORATION COM 032165102 $539,063 23,000 SH Defined
ANHEUSER BUSCH COS INC COM 035229103 $3,124,788 44,600 SH Defined
APACHE CORP COM 037411105 $388,688 9,000 SH Defined
APPLIED MATLS INC COM 038222105 $2,920,313 37,500 SH Defined
ASTORIA FINL CORP COM 046265104 $1,792,725 58,300 SH Defined
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ----------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ADC TELECOMMUNICATIONS 1 54,400
AT&T CORP 1 80,400
ADOBE SYS INC 1 24,000
ALLERGAN INC 1 3,200
ALLIEDSIGNAL INC 1 23,200
ALLSTATE CORP 1 34,000
ALLTEL CORP 1 3,000
AMERICA ONLINE INC DEL 1 58,700
AMERICAN NATL INS CO 1 6,000
AMERITECH CORP NEW 1 75,900
AMGEN INC 1 33,400
AMSOUTH BANCORPORATION 1 23,000
ANHEUSER BUSCH COS INC 1 44,600
APACHE CORP 1 9,000
APPLIED MATLS INC 1 37,500
ASTORIA FINL CORP 1 58,300
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ATLANTIC RICHFIELD CO COM 048825103 $5,796,075 65,400 SH Defined
BANK OF AMERICA CORPORATION COM 060505104 $3,731,063 67,000 SH Defined
BAXTER INTL INC COM 071813109 $3,331,825 55,300 SH Defined
BEAR STEARNS COS INC COM 073902108 $445,875 11,600 SH Defined
BELL ATLANTIC CORP COM 077853109 $3,634,875 54,000 SH Defined
BELLSOUTH CORP COM 079860102 $7,101,000 157,800 SH Defined
BIOGEN INC COM 090597105 $3,924,863 49,800 SH Defined
BOEING CO COM 097023105 $797,088 18,700 SH Defined
BRINKER INTL INC COM 109641100 $2,590,438 95,500 SH Defined
BRISTOL MYERS SQUIBB CO COM 110122108 $8,930,250 132,300 SH Defined
BRUNSWICK CORP COM 117043109 $273,625 11,000 SH Defined
CMGI INC COM 125750109 $820,000 8,000 SH Defined
CARNIVAL CORP COM 143658102 $3,871,500 89,000 SH Defined
CARRAMERICA RLTY CORP COM 144418100 $278,606 12,700 SH Defined
CENTEX CORP COM 152312104 $1,271,188 43,000 SH Defined
CENTURYTEL INC COM 156700106 $459,063 11,300 SH Defined
CHASE MANHATTAN CORP NEW COM 16161A108 $5,253,638 69,700 SH Defined
CHEVRON CORPORATION COM 166751107 $2,307,500 26,000 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ------------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ATLANTIC RICHFIELD CO 1 65,400
BANK OF AMERICA CORPORATION 1 67,000
BAXTER INTL INC 1 55,300
BEAR STEARNS COS INC 1 11,600
BELL ATLANTIC CORP 1 54,000
BELLSOUTH CORP 1 157,800
BIOGEN INC 1 49,800
BOEING CO 1 18,700
BRINKER INTL INC 1 95,500
BRISTOL MYERS SQUIBB CO 1 132,300
BRUNSWICK CORP 1 11,000
CMGI INC 1 8,000
CARNIVAL CORP 1 89,000
CARRAMERICA RLTY CORP 1 12,700
CENTEX CORP 1 43,000
CENTURYTEL INC 1 11,300
CHASE MANHATTAN CORP NEW 1 69,700
CHEVRON CORPORATION 1 26,000
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CISCO SYS INC COM 17275R102 $8,645,731 126,100 SH Defined
CITIGROUP INC COM 172967101 $7,227,000 164,250 SH Defined
COASTAL CORP COM 190441105 $208,781 5,100 SH Defined
COLGATE PALMOLIVE CO COM 194162103 $869,250 19,000 SH Defined
COMMERCE BANCORP INC NJ COM 200519106 $219,950 5,300 SH Defined
COMPUWARE CORP COM 205638109 $364,875 14,000 SH Defined
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 $3,310,369 35,100 SH Defined
CONECTIV INC COM 206829103 $255,125 13,000 SH Defined
CONSECO INC COM 208464107 $907,688 47,000 SH Defined
COUNTRYWIDE CR INDS INC DEL COM 222372104 $290,250 9,000 SH Defined
DTE ENERGY CO COM 233331107 $361,250 10,000 SH Defined
DARDEN RESTAURANTS INC COM 237194105 $2,116,663 108,200 SH Defined
DAYTON HUDSON CORP COM 239753106 $720,750 12,000 SH Defined
DEAN FOODS CO COM 242361103 $1,698,938 39,000 SH Defined
DELL COMPUTER CORP COM 247025109 $5,168,025 123,600 SH Defined
DELPHI AUTOMOTIVE SYS CORP COM 247126105 $385,500 24,000 SH Defined
DELTA AIR LINES INC DEL COM 247361108 $1,358,000 28,000 SH Defined
DIME BANCORP INC NEW COM 25429Q102 $175,000 10,000 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ------------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CISCO SYS INC 1 126,100
CITIGROUP INC 1 164,250
COASTAL CORP 1 5,100
COLGATE PALMOLIVE CO 1 19,000
COMMERCE BANCORP INC NJ 1 5,300
COMPUWARE CORP 1 14,000
COMVERSE TECHNOLOGY INC 1 35,100
CONECTIV INC 1 13,000
CONSECO INC 1 47,000
COUNTRYWIDE CR INDS INC DEL 1 9,000
DTE ENERGY CO 1 10,000
DARDEN RESTAURANTS INC 1 108,200
DAYTON HUDSON CORP 1 12,000
DEAN FOODS CO 1 39,000
DELL COMPUTER CORP 1 123,600
DELPHI AUTOMOTIVE SYS CORP 1 24,000
DELTA AIR LINES INC DEL 1 28,000
DIME BANCORP INC NEW 1 10,000
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
DONNELLEY R R & SONS CO COM 257867101 $288,750 10,000 SH Defined
DOW CHEM CO COM 260543103 $2,136,150 18,800 SH Defined
E M C CORP MASS COM 268648102 $928,688 13,000 SH Defined
EATON CORP COM 278058102 $1,061,644 12,300 SH Defined
ELECTRONIC DATA SYS NEW COM 285661104 $2,609,819 49,300 SH Defined
EQUITABLE RES INC COM 294549100 $230,656 6,100 SH Defined
EQUITY RESIDENTIAL PPTYS TR SH BEN INT 29476L107 $593,250 14,000 SH Defined
EVEREST REINS HLDGS INC COM 299808105 $230,981 9,700 SH Defined
EXXON CORP COM 302290101 $2,430,000 32,000 SH Defined
F M C CORP NEW COM NEW 302491303 $390,825 8,100 SH Defined
FEDERAL HOME LN MTG CORP COM 313400301 $1,612,000 31,000 SH Defined
FDERAL NATL MTG ASSN COM 313586109 $915,238 14,600 SH Defined
FEDERATED DEPT STORES INC DEL COM 31410H101 $1,533,431 35,100 SH Defined
FIRST DATA CORP COM 319963104 $2,588,625 59,000 SH Defined
FIRST UN CORP COM 337358105 $746,813 21,000 SH Defined
FLEET FINL GROUP INC NEW COM 338915101 $1,611,500 44,000 SH Defined
FORD MTR CO DEL COM 345370100 $6,198,156 123,500 SH Defined
FORTUNE BRANDS INC COM 349631101 $516,000 16,000 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ----------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
DONNELLEY R R & SONS CO 1 10,000
DOW CHEM CO 1 18,800
E M C CORP MASS 1 13,000
EATON CORP 1 12,300
ELECTRONIC DATA SYS NEW 1 49,300
EQUITABLE RES INC 1 6,100
EQUITY RESIDENTIAL PPTYS TR 1 14,000
EVEREST REINS HLDGS INC 1 9,700
EXXON CORP 1 32,000
F M C CORP NEW 1 8,100
FEDERAL HOME LN MTG CORP 1 31,000
FDERAL NATL MTG ASSN 1 14,600
FEDERATED DEPT STORES INC DEL 1 35,100
FIRST DATA CORP 1 59,000
FIRST UN CORP 1 21,000
FLEET FINL GROUP INC NEW 1 44,000
FORD MTR CO DEL 1 123,500
FORTUNE BRANDS INC 1 16,000
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
GPU INC COM 36225X100 $3,559,388 109,100 SH Defined
GTE CORP COM 362320103 $1,722,000 22,400 SH Defined
GANNETT INC COM 364730101 $2,885,119 41,700 SH Defined
GAP INC DEL COM 364760108 $604,800 18,900 SH Defined
GENERAL DYNAMICS CORP COM 369550108 $3,309,188 53,000 SH Defined
GENERAL ELEC CO COM 369604103 $7,611,713 64,200 SH Defined
GENERAL MTRS CORP COM 370442105 $4,965,769 78,900 SH Defined
GEORGIA PAC CORP COM GA PAC GRP 373298108 $2,604,150 64,300 SH Defined
GLATFELTER P H CO COM 377316104 $164,375 10,000 SH Defined
GOLDEN WEST FINL CORP DEL COM 381317106 $864,600 8,800 SH Defined
HASBRO INC COM 418056107 $214,375 10,000 SH Defined
HEALTH CARE REIT INC COM 42217K106 $228,000 11,400 SH Defined
HERTZ CORP CL A 428040109 $259,600 5,900 SH Defined
HEWLETT PACKARD CO COM 428236103 $4,756,400 51,700 SH Defined
HISPANIC BROADCASTING CORP CL A 43357B104 $228,375 3,000 SH Defined
HOME DEPOT INC COM 437076102 $3,314,588 48,300 SH Defined
HORMEL FOODS CORP COM 440452100 $1,156,750 28,000 SH Defined
HUDSON UNITED BANCORP COM 444165104 $224,931 7,300 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ------------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
GPU INC 1 109,100
GTE CORP 1 22,400
GANNETT INC 1 41,700
GAP INC DEL 1 18,900
GENERAL DYNAMICS CORP 1 53,000
GENERAL ELEC CO 1 64,200
GENERAL MTRS CORP 1 78,900
GEORGIA PAC CORP 1 64,300
GLATFELTER P H CO 1 10,000
GOLDEN WEST FINL CORP DEL 1 8,800
HASBRO INC 1 10,000
HEALTH CARE REIT INC 1 11,400
HERTZ CORP 1 5,900
HEWLETT PACKARD CO 1 51,700
HISPANIC BROADCASTING CORP 1 3,000
HOME DEPOT INC 1 48,300
HORMEL FOODS CORP 1 28,000
HUDSON UNITED BANCORP 1 7,300
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
IBP INC COM 449223106 $3,221,719 130,500 SH Defined
IMPERIAL CREDIT COMM MRTG INS COM 45272T102 $113,300 10,300 SH Defined
INTEL CORP COM 458140100 $12,499,363 168,200 SH Defined
INTERNATIONAL BUSINESS MACHS COM 459200101 $5,789,588 47,700 SH Defined
INTUIT COM 461202103 $2,401,781 27,400 SH Defined
JABIL CIRCUIT INC COM 466313103 $990,000 20,000 SH Defined
JOHNSON & JOHNSON COM 478160104 $9,178,313 99,900 SH Defined
KAMAN CORP CL A 483548103 $160,650 12,600 SH Defined
KELLOGG CO COM 487836108 $1,385,188 37,000 SH Defined
KERR MCGEE CORP COM 492386107 $605,688 11,000 SH Defined
KIMBERLY CLARK CORP COM 494368103 $315,000 6,000 SH Defined
KNIGHT RIDDER INC COM 499040103 $2,496,813 45,500 SH Defined
LEHMAN BROS HLDGS INC COM 524908100 $2,513,269 43,100 SH Defined
LILLY ELI & CO COM 532457108 $320,000 5,000 SH Defined
LINCOLN NATL CORP IND COM 534187109 $1,111,850 29,600 SH Defined
LOEWS CORP COM 540424108 $1,761,706 25,100 SH Defined
LOUISIANA PAC CORP COM 546347105 $234,375 15,000 SH Defined
LOWES COS INC COM 548661107 $585,000 12,000 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ------------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
IBP INC 1 130,500
IMPERIAL CREDIT COMM MRTG INS 1 10,300
INTEL CORP 1 168,200
INTERNATIONAL BUSINESS MACHS 1 47,700
INTUIT 1 27,400
JABIL CIRCUIT INC 1 20,000
JOHNSON & JOHNSON 1 99,900
KAMAN CORP 1 12,600
KELLOGG CO 1 37,000
KERR MCGEE CORP 1 11,000
KIMBERLY CLARK CORP 1 6,000
KNIGHT RIDDER INC 1 45,500
LEHMAN BROS HLDGS INC 1 43,100
LILLY ELI & CO 1 5,000
LINCOLN NATL CORP IND 1 29,600
LOEWS CORP 1 25,100
LOUISIANA PAC CORP 1 15,000
LOWES COS INC 1 12,000
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LUCENT TECHNOLOGIES INC COM 549463107 $3,626,513 55,900 SH Defined
MCI WORLDCOM INC COM 55268B106 $2,954,063 41,100 SH Defined
MGM GRAND INC COM 552953101 $2,559,375 50,000 SH Defined
MAY DEPT STORES CO COM 577778103 $1,493,938 41,000 SH Defined
MCCORMICK & CO INC COM NON VTG 579780206 $562,063 17,000 SH Defined
MEDIMMUNE INC COM 584699102 $298,969 3,000 SH Defined
MERCK & CO INC COM 589331107 $2,981,375 46,000 SH Defined
MERRILL LYNCH & CO INC COM 590188108 $201,563 3,000 SH Defined
MICROSOFT CORP COM 594918104 $11,619,169 128,300 SH Defined
MOBIL CORP COM 607059102 $2,347,475 23,300 SH Defined
MORGAN J P & CO INC COM 616880100 $2,330,700 20,400 SH Defined
MOTOROLA INC COM 620076109 $492,800 5,600 SH Defined
NACCO INDS INC CL A 629579103 $1,076,075 15,400 SH Defined
NATIONAL SEMICONDUCTOR CORP COM 637640103 $2,287,500 75,000 SH Defined
OGE ENERGY CORP COM 670837103 $229,175 10,300 SH Defined
OMNICOM GROUP INC COM 681919106 $237,563 3,000 SH Defined
ORACLE CORPORATION COM 68389X105 $1,547,000 34,000 SH Defined
PMI GROUP INC COM 69344M101 $2,953,219 72,250 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ----------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LUCENT TECHNOLOGIES INC 1 55,900
MCI WORLDCOM INC 1 41,100
MGM GRAND INC 1 50,000
MAY DEPT STORES CO 1 41,000
MCCORMICK & CO INC 1 17,000
MEDIMMUNE INC 1 3,000
MERCK & CO INC 1 46,000
MERRILL LYNCH & CO INC 1 3,000
MICROSOFT CORP 1 128,300
MOBIL CORP 1 23,300
MORGAN J P & CO INC 1 20,400
MOTOROLA INC 1 5,600
NACCO INDS INC 1 15,400
NATIONAL SEMICONDUCTOR CORP 1 75,000
OGE ENERGY CORP 1 10,300
OMNICOM GROUP INC 1 3,000
ORACLE CORPORATION 1 34,000
PMI GROUP INC 1 72,250
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PACCAR INC COM 693718108 $864,875 17,000 SH Defined
PATTERSON DENTAL CO COM 703412106 $277,550 5,600 SH Defined
PAYCHEX INC COM 704326107 $443,625 13,000 SH Defined
PFIZER INC COM 717081103 $2,120,313 59,000 SH Defined
PROCTER & GAMBLE CO COM 742718109 $3,234,375 34,500 SH Defined
PUBLIC SVC ENTERPRISE GROUP COM 744573106 $231,750 6,000 SH Defined
QUALCOM INC COM 747525103 $378,375 2,000 SH Defined
ROSS STORES INC COM 778296103 $422,625 21,000 SH Defined
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 $2,480,625 42,000 SH Defined
SBC COMMUNICATIONS INC COM 78387G103 $4,110,531 80,500 SH Defined
SAFEWAY INC COM NEW 786514208 $1,446,375 38,000 SH Defined
ST PAUL COS INC COM 792860108 $275,000 10,000 SH Defined
SCHERING PLOUGH CORP COM 806605101 $6,369,250 146,000 SH Defined
SCRIPPS EW CO OHIO CL A 811054204 $245,625 5,000 SH Defined
SOLECTRON CORP COM 834182107 $5,601,375 78,000 SH Defined
SOUTHTRUST CORP COM 844730101 $333,638 9,300 SH Defined
SUN MICROSYSTEMS INC COM 866810104 $1,860,000 20,000 SH Defined
SUPERVALU INC COM 868536103 $519,138 23,800 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ------------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PACCAR INC 1 17,000
PATTERSON DENTAL CO 1 5,600
PAYCHEX INC 1 13,000
PFIZER INC 1 59,000
PROCTER & GAMBLE CO 1 34,500
PUBLIC SVC ENTERPRISE GROUP 1 6,000
QUALCOM INC 1 2,000
ROSS STORES INC 1 21,000
ROYAL DUTCH PETE CO 1 42,000
SBC COMMUNICATIONS INC 1 80,500
SAFEWAY INC 1 38,000
ST PAUL COS INC 1 10,000
SCHERING PLOUGH CORP 1 146,000
SCRIPPS EW CO OHIO 1 5,000
SOLECTRON CORP 1 78,000
SOUTHTRUST CORP 1 9,300
SUN MICROSYSTEMS INC 1 20,000
SUPERVALU INC 1 23,800
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SYBASE INC COM 871130100 $161,831 13,700 SH Defined
SYSCO CORP COM 871829107 $701,250 20,000 SH Defined
TEKTRONIX INC COM 879131100 $211,050 6,300 SH Defined
TELLABS INC COM 879664100 $227,750 4,000 SH Defined
TERADYNE INC COM 880770102 $1,057,500 30,000 SH Defined
TEXACO INC COM 881694103 $2,146,250 34,000 SH Defined
TEXAS INSTRS INC COM 882508104 $2,714,250 33,000 SH Defined
TEXAS UTILS CO COM 882848104 $679,088 18,200 SH Defined
3COM CORP COM 885535104 $1,983,750 69,000 SH Defined
TIME WARNER INC COM 887315109 $243,000 4,000 SH Defined
TRIBUNE CO NEW COM 896047107 $497,500 10,000 SH Defined
TRIGON HEALTHCARE INC COM 89618L100 $641,025 22,200 SH Defined
TYCO INTL LTD NEW COM 902124106 $4,336,500 42,000 SH Defined
UAL CORP COM PAR $0.01 902549500 $3,729,344 57,100 SH Defined
USX MARATHON GROUP COM NEW 902905827 $292,500 10,000 SH Defined
UST INC COM 902911106 $573,563 19,000 SH Defined
USG CORP COM NEW 903293405 $750,500 15,800 SH Defined
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 $3,111,000 122,000 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other ------------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SYBASE INC 1 13,700
SYSCO CORP 1 20,000
TEKTRONIX INC 1 6,300
TELLABS INC 1 4,000
TERADYNE INC 1 30,000
TEXACO INC 1 34,000
TEXAS INSTRS INC 1 33,000
TEXAS UTILS CO 1 18,200
3COM CORP 1 69,000
TIME WARNER INC 1 4,000
TRIBUNE CO NEW 1 10,000
TRIGON HEALTHCARE INC 1 22,200
TYCO INTL LTD NEW 1 42,000
UAL CORP 1 57,100
USX MARATHON GROUP 1 10,000
UST INC 1 19,000
USG CORP 1 15,800
ULTRAMAR DIAMOND SHAMROCK CORP 1 122,000
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
- --------------------------------------------------------------------------------------------------------------------
Title of Shrs or Investment
Name of issuer class CUSIP Value (x$1000) prn amt SH/PRN Put/Call discretion
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
UNION PAC CORP COM 907818108 $576,750 12,000 SH Defined
UNITED HEALTHCARE CORP COM 910581107 $4,576,625 94,000 SH Defined
UTILICORP UTD INC COM 918005109 $2,287,388 108,600 SH Defined
WAL MART STORES INC COM 931142103 $5,422,125 114,000 SH Defined
WEYERHAEUSER CO COM 962166104 $1,094,875 19,000 SH Defined
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------
Column 1 Column 7 Column 8
- -----------------------------------------------------------------------------------------------------------------
Voting Authority
Other -------------------------------------------------------
Name of issuer managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
UNION PAC CORP 1 12,000
UNITED HEALTHCARE CORP 1 94,000
UTILICORP UTD INC 1 108,600
WAL MART STORES INC 1 114,000
WEYERHAEUSER CO 1 19,000
</TABLE>
