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Previous: LASALLE RE HOLDINGS LTD, SC 13G, 1998-02-13 |
Next: NETTER DIGITAL ENTERTAINMENT INC, 10QSB, 1998-02-13 |
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: 12/31/97
Check here if Amendment: [ ] Amendment number: [ ]
This Amendment (check only one):
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager filing this Report:
Lexington Global Asset Managers, Inc.
Park 80 West Plaza Two
Saddle Brook, New Jersey, 07663
13F File Number:
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the 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 to contact for further information:
Peter Corniotes (201) 845-7300
Person signing this Report on Behalf of the Reporting Manager:
Name: Lisa Curcio
Title: Secretary
Phone: (201) 845-7300
Signature, Place and Date of Signing:
/s/ Lisa Curcio
Saddle Brook, New Jersey
February 12, 1998
Report Type (Check only one):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).
[ ] 13F COMBINATION REPORT (Check here if a portion of the holdings
for this reporting manager are reported in this report and a
portion are reported by other reporting manager(s)).
REPORT SUMMARY
Number of Other Included Managers: 2
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total: $1,560,191,443
List of Other Included Managers:
No. 13F File Number Name
- ------------------------------------------------------------------
1. 28-797 Lexington Management Corporation
- ------------------------------------------------------------------
2. Market Systems Research Advisors, Inc.
- ------------------------------------------------------------------
Notes have been included at the end of this Report.
<TABLE>
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock U.S.
- -----------------
ACE LTD COM G0070K103 18,827,150 195,100 1 1 13,000 182,100
ALLIEDSIGNAL INC COM 019512102 16,966,884 437,150 1 1 33,600 403,550
1,505,925 38,800 1 2 38,800
ALLSTATE CP COM 020002101 15,941,575 176,150 1 1 10,700 165,450
1,619,950 17,900 1 2 17,900
AMERICAN EXPRESS CO COM 025816109 120,488 1,350 1 1 1,350
1,481,550 16,600 1 2 16,600
AMERIGAS PARTNERS L P COM 030975106 251,875 10,000 1 2 10,000
ANADARKO PETE CORP COM 032511107 1,577,875 26,000 1 1,2 26,000
ANGLO AMERICAN PLATINUM COM 603992108 940,280 62,790 1 1 62,790
AON CORP COM 037389103 1,952,213 33,300 1 2 33,300
APEX SILVER MINES LTD COM g04074103 573,750 45,000 1 1 45,000
ASHANTI GOLDFIELDS LTD COM 043743202 487,200 60,900 1 1 60,900
ASIA PULP & PAPER LTD ADRCOM 04516v100 1,185,000 120,000 1 1 120,000
ATLANTIC RICHFIELD CO COM 048825103 1,730,700 21,600 1 1,2 21,600
ATWOOD OCEANICS INC COM 050095108 1,534,950 32,400 1 1,2 32,400
AVON PRODS INC COM 054303102 1,184,538 19,300 1 2 19,300
BALL CORP COM 058498106 619,063 17,500 1 2 17,500
BANCO GANADERO S A COM 059594507 2,690,400 112,100 1 1 112,100
BANCO SANTANDER CHILE COM 05965F108 6,842,150 484,400 1 1 484,400
BANK NEW YORK INC COM 064057102 2,139,063 37,000 1 2 37,000
BANKAMERICA CORP COM 066050105 1,394,300 19,100 1 2 19,100
BARNETT BANKS COM 068055102 1,696,250 23,600 1 2 23,600
BARRICK GOLD CORP COM 067901108 1,013,330 54,407 1 1 54,407
BEATRIX MINES LTD COM 074190208 1,427,742 414,800 1 1 414,800
BELL ATLANTIC COM 077853109 7,088,900 77,900 1 1 8,800 69,100
BELL CDA INTL INC COM 077914109 152,500 10,000 1 1 10,000
BJ SVCS CO COM 055482103 14,869,481 206,700 1 1 13,400 193,300
------------
Page Total 107,815,080
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BOEING CO COM 097023105 9,848,672 201,250 1 1 22,800 178,450
BORDERS GROUP INC COM 099709107 14,713,744 469,900 1 1 27,700 442,200
BOSTON PROPERTIES COM 101121101 330,625 10,000 1 2 10,000
BRISTOL-MYERS SQUIBB COM 110122108 20,808,038 219,900 1 1 15,700 204,200
1,911,425 20,200 1 2 20,200
BRITISH PETE PLC COM 110889409 1,530,000 19,200 1 1,2 19,200
223,125 2,800 1 2 2,800
BRWNG FERRIS COM 115885105 1,602,100 43,300 1 1,2 43,300
1,376,400 37,200 1 2 37,200
BUCKEYE PARTNERS LP COM 118230101 463,500 8,000 1 2 8,000
BURLINGTON NORTHN SANTA COM 12189T104 7,049,309 75,850 1 1 8,500 67,350
CAMBIOR INC COM 13201L103 581,625 99,000 1 1,2 99,000
CAMPBELL RES INC NEW COM 134422104 297,500 680,000 1 1 680,000
CAMPBELL SOUP CO COM 134429109 1,592,625 27,400 1 2 27,400
CANYON RESOURCES CORP COM 138869102 254,909 226,586 1 1 226,586
CARDINAL HEALTH INC COM 14149y108 7,204,488 95,900 1 1 95,900
225,375 3,000 1 2 3,000
CASE CORP COM 14743r103 8,908,488 147,400 1 1 16,700 130,700
CENTEX CORP COM 152312104 1,516,794 24,100 1 2 24,100
CHASE MANHATTAN CP NEW COM 16161A108 4,763,250 43,500 1 1 5,100 38,400
CHEVRON CORPORATION COM 166751107 1,347,500 17,500 1 1,2 17,500
103,950 1,350 1 1 1,350
CIT GROUP, THE COM 125577106 10,023,300 310,800 1 1 35,400 275,400
CLOROX CO DEL COM 189054109 1,666,875 21,000 1 2 21,000
COEUR D ALENE MINES CORP COM 192108108 653,331 73,100 1 1 73,100
COFLEXIP SPONSORED ADR COM 192384105 1,942,500 35,000 1 1,2 35,000
288,600 5,200 1 2 5,200
COMPANIA ANONIMA NACIONL COM 204421101 1,448,550 34,800 1 1 34,800
COMPUTER ASSOC INTL INC COM 204912109 13,999,950 264,150 1 1 21,150 243,000
CONAGRA INC COM 205887102 1,291,875 39,000 1 2 39,000
CONSECO INC COM 208464107 15,816,794 348,100 1 1 25,000 323,100
1,599,400 35,200 1 2 35,200
------------
Page Total 135,384,616
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COOPER CAMERON CORP COM 216640102 1,866,600 30,600 1 1,2 30,600
COSTCO COMPANIES INC COM 22160q102 19,913,906 446,250 1 1 30,800 415,450
2,066,138 46,300 1 2 46,300
CYMER INC. COM 232572107 2,649,000 176,600 1 1 176,600
DANA CORP COM 235811106 7,386,250 155,500 1 1 18,000 137,500
DATA GEN CORP COM 237688106 8,420,569 482,900 1 1 55,700 427,200
DAYTON HUDSON CP COM 239753106 1,842,750 27,300 1 2 27,300
DEKALB GENETICS CORP CL BCOM 244878203 1,884,000 48,000 1 1,2 48,000
298,300 7,600 1 2 7,600
DIAMOND OFFSHORE DRILLIN COM 25271C102 12,921,563 268,500 1 1 18,700 249,800
1,636,250 34,000 1 1,2 34,000
DIGITAL EQUIP CORP COM 253849103 5,888,025 158,600 1 1 18,300 140,300
DISNEY WALT COMPANY COM 254687106 19,339,650 195,350 1 1 13,100 182,250
DOVER CORP COM 260003108 16,118,975 446,200 1 1 28,800 417,400
DOW CHEMICAL COMPANY COM 260543103 1,421,000 14,000 1 1,2 14,000
DRIEFONTEIN CONS ORD COM S22440101 2,985,550 411,800 1 1 411,800
EAST RAND GOLD & URANIUM COM 274675206 1,469,000 1,469,000 1 1 1,469,000
ECOLAB INC COM 278865100 4,889,588 88,200 1 1 88,200
2,289,569 41,300 1 2 41,300
ELAN PLC AMER DEP RECEIPTCOM 284131208 8,207,916 160,350 1 1 160,350
ELANDSRAND GOLD MNG LTD COM S24860116 7,198,538 1,745,100 1 1 1,745,100
ELF AQUITAINE SPONSORED COM 286269105 1,653,225 28,200 1 1,2 28,200
ADR
7,182,442 122,515 1 1 122,515
199,325 3,400 1 2 3,400
EMC CORP COM 268648102 14,127,569 514,900 1 1 32,000 482,900
1,728,563 63,000 1 2 63,000
EMPRESA NACIONAL DE ELCT COM 29244t101 3,079,394 174,100 1 1 174,100
ADR
ENERSIS S A SPONSERED ADRCOM 29274f104 1,980,700 68,300 1 1 68,300
ENSCO INTL INC COM 26874Q100 1,675,000 50,000 1 1,2 50,000
EQUITY RESIDENTIAL PPTYS COM 29476L107 8,959,675 177,200 1 1 20,200 157,000
SH BEN INT
212,363 4,200 1 2 4,200
------------
Page Total 171,491,389
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EQUITY RESIDENTIAL PPTYS COM 29476l883 575,000 20,000 1 2 20,000
TR
EVANDER GOLD MINES LTD COM 299003103 26,438 14,100 1 1 14,100
EXXON CORP COM 302290101 1,627,588 26,600 1 1,2 26,600
82,603 1,350 1 1 1,350
1,407,313 23,000 1 2 23,000
FEDERAL NATIONAL MORTGAGE COM 313586109 19,926,225 349,200 1 1 24,800 324,400
ASSN
FORCENERGY INC COM 345206106 1,283,188 49,000 1 1,2 49,000
FOREMOST CORP OF AMER COM 345469100 4,812,750 69,000 1 1 69,000
327,825 4,700 1 2 4,700
FORT JAMES CORP COM 347471104 14,976,788 391,550 1 1 27,500 364,050
1,912,500 50,000 1 1,2 50,000
294,525 7,700 1 2 7,700
FREE ST DEV & INVT LTD COM 356146407 50,850 150,000 1 1 150,000
FREEPORT MCMORAN COP&GOL COM 35671D105 1,571,063 102,600 1 1 102,600
116,375 7,600 1 2 7,600
GANNETT INC COM 364730101 2,113,988 34,200 1 2 34,200
GAP INC DEL COM 364760108 16,890,398 476,625 1 1 30,750 445,875
GENERAL DYNAMICS COM 369550108 1,535,475 17,700 1 2 17,700
GENERAL ELEC CO COM 369604103 6,042,431 82,350 1 1 9,100 73,250
1,775,675 24,200 1 2 24,200
GETCHELL GOLD CORP COM 374265106 1,523,141 62,169 1 1 62,169
GLOBAL INDUSTRIES LTD COM 379336100 13,744,500 808,500 1 1 55,900 752,600
1,530,000 90,000 1 1,2 90,000
GLOBAL MARINE INC COM 379352404 1,203,563 49,000 1 1,2 49,000
GOLD BULLION COM 380992107 10,555,068 33,890 1 1 33,890
GOLD MINES OF KALGOORLIE COM 380995100 1,649,763 1,240,423 1 1 1,240,423
GOLD RESV CORP COM 380687103 362,500 100,000 1 1 100,000
GOLDCORP INC NEW COM 380956102 193,750 50,000 1 1 50,000
GOLDEN KNIGHT RESOURCES COM 381090109 437,500 175,000 1 1 175,000
GOLDEN WEST FIN COM 381317106 1,516,094 15,500 1 2 15,500
GROOTVLEI PROP ORD COM S33440108 674,438 359,700 1 1 359,700
------------
Page Total 110,739,310
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GRUPO CASA AUTREY S A DE COM 40048P104 3,411,019 166,900 1 1 166,900
GRUPO IMSA S A ADR COM 40048t106 414,700 17,600 1 1 17,600
GRUPO MEXICO A2 COM 319993101 2,446,668 634,016 1 1 634,016
GTE CORP COM 362320103 7,644,175 146,300 1 1 16,400 129,900
HALLIBURTON CO COM 406216101 2,075,000 40,000 1 1,2 40,000
HARMONY GOLD MNG LTD COM S34320101 409,050 72,720 1 1 72,720
HARRIS CORP COM 413875105 1,422,125 31,000 1 2 31,000
HARTEBEESTFONTEIN GOLD M COM S34540112 147,050 69,200 1 1 69,200
HECLA MNG CO COM 422704106 2,046,100 414,400 1 1 414,400
HERITAGE PROPANE PARTNER COM 426918108 245,000 10,000 1 2 10,000
HINDALCO GRD COM 218999100 654,585 22,650 1 1 22,650
HINDALCO INDS LTD COM 433064102 1,724,450 91,000 1 1 91,000
HINDALCO ORD COM 537996100 3,069,180 106,200 1 1 106,200
HOME DEPOT INC COM 437076102 5,875,725 99,800 1 1 99,800
235,500 4,000 1 2 4,000
HOMESTAKE MNG CO COM 437614100 1,011,750 114,000 1 1 114,000
ILLINOIS TOOL WORKS COM 452308109 1,791,725 29,800 1 2 29,800
IMAX CORPORATION COM 45245e109 10,435,650 479,800 1 1 479,800
IMPALA COM 6457804 1,268,500 118,000 1 1 118,000
IMPERIAL OIL LTD COM NEW COM 453038408 1,662,375 26,000 1 1,2 26,000
IMPERICAL CHEMICAL IND COM 452704505 1,623,438 25,000 1 1,2 25,000
PLC ADR
INGERSOLL RAND CO COM 456866102 10,696,050 264,100 1 1 14,650 249,450
JCI LIMITED ADR COM 556996106 121,139 28,443 1 1 28,443
JOHNSON & JOHNSON COM 478160104 88,931 1,350 1 1 1,350
1,337,263 20,300 1 2 20,300
JP FOODSERVICES INC COM 466232105 8,842,838 239,400 1 1 27,200 212,200
LEBOWA PLATINUM COM 586998106 627,602 615,900 1 1 615,900
LEXINGTON GROWTH&INCOME COM 528922107 274,544 13,544 1 1 13,544
LIBERTY LIFE LONDON COM 530993104 2,186,800 87,700 1 1 87,700
LIHIR GOLD LTD COM 532349107 318,750 15,000 1 1 15,000
LILLY ELI & CO COM 532457108 16,668,225 239,400 1 1 16,400 223,000
1,803,288 25,900 1 2 25,900
------------
Page Total 92,579,192
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LORAINE GOLD MINES LTD COM S46200101 686,263 238,700 1 1 238,700
LUKOIL HOLDINS (NEW) COM 549990109 891,918 59,700 1 1 59,700
MARSH & MCLENNAN COS INC COM 571748102 1,580,725 21,200 1 2 21,200
MBIA INC COM 55262C100 1,469,875 22,000 1 2 22,000
MEDTRONIC INC COM 585055106 7,350,000 140,000 1 1 140,000
262,500 5,000 1 2 5,000
MERRILL LYNCH COM 590188108 1,940,138 26,600 1 2 26,600
MINORCO ADR COM 604340307 871,000 52,000 1 1,2 52,000
123,950 7,400 1 2 7,400
MOBIL CORP COM 607059102 13,971,891 193,550 1 1 12,900 180,650
MORGAN STAN DEAN WITTR COM 617446448 260,150 4,400 1 2 4,400
COM NEW
MT EDON 144A COM 587998105 136,600 100,000 1 1 100,000
NAC RE CORP COM 628907107 17,904,425 366,800 1 1 26,100 340,700
NAMIBIAN MINERALS CORP. COM 629913104 150,000 50,000 1 1 50,000
NATIONSBANK CORP COM 638585109 13,980,794 229,900 1 1 14,300 215,600
1,362,200 22,400 1 2 22,400
NAVIGATORS GROUP INC COM 638904102 185,625 10,000 1 2 10,000
NEW WITS LTD COM 6633626 195,200 100,000 1 1 100,000
NEW YORK TIMES CO CL A COM 650111107 1,626,675 24,600 1 2 24,600
NEWMONT GOLD CO COM 651637100 1,043,438 35,000 1 1,2 35,000
NEWMONT MINING CORP COM 651639106 3,671,875 125,000 1 1 125,000
91,063 3,100 1 2 3,100
NORTH AMERN PALLADIUM LT COM 656912102 77,500 62,000 1 1 62,000
NORTHERN BORDER PARTNERS COM 664785102 340,000 10,000 1 2 10,000
UNIT LTD
NORWEST CORP COM 669380107 8,897,000 229,600 1 1 229,600
286,750 7,400 1 2 7,400
OIL CO LUKOIL COM 677862104 265,350 2,900 1 1 2,900
OXFORD HEALTH PLANS INC COM 691471106 3,584,044 230,300 1 1 25,800 204,500
PACCAR INC COM 693718108 1,370,250 26,100 1 2 26,100
PALLADIUM INGOT COM 696998103 1,426,228 6,923 1 1 6,923
PARTNERRE LTD COM COM G6852T105 231,875 5,000 1 2 5,000
------------
Page Total 86,235,299
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PENOLES A2 COM 709992101 4,032,655 1,045,000 1 1 1,045,000
PEOPLE'S PRFD CAP COM 712204205 306,000 12,000 1 2 12,000
PEPSICO CO. COM 713448108 15,582,063 429,850 1 1 31,500 398,350
PERKIN ELMER CORP COM 714041100 10,140,619 142,700 1 1 16,200 126,500
1,570,481 22,100 1 2 22,100
PFIZER INC COM 717081103 19,841,081 266,100 1 1 20,500 245,600
PHARMACIA UPJOHN INC COM 716941109 6,669,413 182,100 1 1 20,700 161,400
PIONEER GROUP INC COM 723684106 703,125 25,000 1 1 25,000
PIONEER HI-BRED INTL COM 723686101 42,900 400 1 1 400
2,252,250 21,000 1 1,2 21,000
1,909,050 17,800 1 2 17,800
PLACER DOME INC COM 725906101 3,628,625 286,000 1 1 286,000
PRAXAIR INC COM 74005P104 12,370,500 274,900 1 1 18,500 256,400
PRIME RESOURCES GROUP COM 74157l109 4,560,000 400,000 1 1 400,000
PROCTER & GAMBLE CO COM 742718109 14,410,147 180,550 1 1 10,100 170,450
1,692,025 21,200 1 2 21,200
RANDGOLD RES LTD GDR COM 752344101 60,375 10,500 1 1 10,500
144A
REA GOLD CORP COM 754900108 10,031 107,000 1 1 107,000
RFS HOTEL INVESTORS COM 74955j108 299,063 15,000 1 2 15,000
RITE AID CORP COM 767754104 18,115,563 308,350 1 1 21,400 286,950
246,750 4,200 1 2 4,200
ROFIN-SINAR TECHNOLOGIES COM 775043102 2,049,125 169,000 1 1 169,000
ROGERS CORP COM 775133101 1,463,325 35,800 1 1,2 35,800
ROSTELECOM COM 778990101 2,057,872 627,400 1 1 627,400
ROWAN CO INC COM 779382100 915,000 30,000 1 1,2 30,000
ROYAL DUTCH PETE NY RE COM 780257705 1,582,275 29,200 1 1,2 29,200
70,444 1,300 1 1 1,300
1,495,575 27,600 1 2 27,600
SAFEWAY INC COM 786514208 20,840,875 329,500 1 1 23,500 306,000
SAMAZ GOLD 144A COM 795915107 447,120 120,000 1 1 120,000
SAN LUIS CPO COM 768996100 3,470,876 451,056 1 1 451,056
------------
Page Total 152,835,201
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SANTA FE PACIFIC GOLD CO COM 802176107 1,457,031 94,002 1 1 94,002
SCHLUMBERGER LTD COM 806857108 1,811,250 22,500 1 1,2 22,500
108,675 1,350 1 1 1,350
201,250 2,500 1 2 2,500
SEALED AIR CORP COM 812115103 7,274,150 117,800 1 1 117,800
247,000 4,000 1 2 4,000
SILVER BULLION COM 827998105 5,476,831 1,150,595 1 1 1,150,595
SMITH INTL INC COM 832110100 1,565,063 25,500 1 1,2 25,500
ST HELENA GOLD MINES LTD COM 789670205 442,500 177,000 1 1 177,000
STANLEY WKS COM 854616109 1,382,594 29,300 1 2 29,300
STILLWATER MNG CO COM COM 86074q102 1,265,625 75,000 1 1 75,000
STOLT COMEX SEAWAY SA COM l8873e103 1,950,000 39,000 1 1,2 39,000
230,000 4,600 1 2 4,600
STRUCTURAL DYNAMICS RESH COM 863555108 8,860,500 393,800 1 1 44,500 349,300
SUMMIT BANCORP COM 866005101 12,163,894 230,050 1 1 26,550 203,500
SUNAMERICA INC COM 866930100 262,913 6,150 1 2 6,150
SUNGARD DATA SYSTEMS COM 867363103 14,258,075 461,800 1 1 29,500 432,300
SUNSHINE MINING & COM 867833105 500,000 500,000 1 1 500,000
REFINING
SUTTON RES LTD COM 869474403 123,500 19,000 1 1 19,000
TALISMAN ENERGY COM 87425e103 1,014,525 33,400 1 1,2 33,400
TEKTRONIX INC COM 879131100 1,232,297 31,050 1 2 31,050
TELEFONICA DEL PERU S A COM 879384105 2,014,200 86,400 1 1 86,400
SPONS ADR CL B
TEPPCO PARTENERS - LP COM 872384102 316,125 6,000 1 2 6,000
TEVA PHARMACEUTICAL INDS COM 881624209 3,628,869 76,700 1 1 76,700
TEXACO INC COM 881694103 13,726,969 252,450 1 1 18,000 234,450
2,022,750 37,200 1 1,2 37,200
1,500,750 27,600 1 2 27,600
TEXTRON INC COM 883203101 1,206,250 19,300 1 2 19,300
TJX CO INC COM 872540109 13,165,625 383,000 1 1 26,600 356,400
TORCHMARK CORP COM 891027104 1,560,938 37,000 1 2 37,000
TOSCO CORP COM 891490302 6,477,281 171,300 1 1 171,300
2,264,969 59,900 1 1,2 59,900
------------
Page Total 109,712,397
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRAVELERS GROUP INC COM 894190107 72,758 1,351 1 1 1,351
1,979,906 36,750 1 2 36,750
TRIZEC HAHN CORP COM 896938107 1,490,956 64,300 1 1,2 64,300
TVX GOLD INC COM 87308k101 742,500 220,000 1 1,2 220,000
TYCO INTL LTD COM 902120104 22,287,913 494,600 1 1 33,200 461,400
2,712,763 60,200 1 2 60,200
UNIFIED ENERGY SYSTEMS COM 5252594 47,716 158,000 1 1 158,000
(GDR)
UNILEVER NV COM 904784501 4,851,394 77,700 1 1 77,700
UNION PAC CORP COM 907818108 84,544 1,350 1 1 1,350
1,127,250 18,000 1 2 18,000
UNION PLANTERS CORP COM 908068109 16,710,825 246,200 1 1 15,400 230,800
UNITED HEALTHCARE CORP COM 910581107 14,491,359 291,650 1 1 21,300 270,350
UNTD ENRGY SYS OF RUSSIA COM 904995107 1,504,987 4,983,400 1 1 4,983,400
UNUM CORP COM 903192102 15,847,594 291,450 1 1 17,900 273,550
1,560,563 28,700 1 2 28,700
USX MARATHON GROUP COM COM 902905827 1,687,500 50,000 1 1,2 50,000
NEW
VAAL REEFS EXPL ADR COM 918506403 228,319 59,400 1 1 59,400
VAAL REEFS EXPL ORD COM S91224105 1,171,800 21,700 1 1 21,700
VALERO ENERGY CORP COM 919138107 5,811,222 184,850 1 1 20,800 164,050
172,906 5,500 1 2 5,500
VANGUARD CELLULAR SYS IN COM 922022108 669,375 52,500 1 1 52,500
VIDESH SANCHAR NIGAM GDR COM 92659g105 1,856,100 134,500 1 1 134,500
144A
VINA CONCHAY TORO ADR COM 927191064 1,701,850 67,400 1 1 67,400
VISTA GOLD CORP. COM 927926105 62,500 250,000 1 1 250,000
WALGREEN CO COM 931422109 1,430,700 45,600 1 2 45,600
WANT WANT HLDGS 'A' COM 6015729 397,320 301,000 1 1 301,000
WANT WANT HOLDINGS COM 513994103 2,128,000 1,064,000 1 1 1,064,000
WARNER LAMBERT CO COM 934488107 10,431,750 84,000 1 1 5,800 78,200
1,875,231 15,100 1 2 15,100
WEST RAND CONSOLIDATED COM 6952406 400,000 200,000 1 1 200,000
MINES
WESTERN AREAS ADR COM 957654205 652,435 127,304 1 1 127,304
------------
Page Total 116,190,034
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WESTERN AREAS GOLD MINES COM S96528112 857,588 108,900 1 1 108,900
WESTERN DEEP LEV ORD COM S96749148 1,746,188 69,500 1 1 69,500
WILLIAMS COS INC DEL COM 969457100 11,970,000 420,000 1 1 29,800 390,200
1,539,000 54,000 1 1,2 54,000
222,300 7,800 1 2 7,800
WINKELHAAK MINES COM S97633119 606,375 99,000 1 1 99,000
YPF SOCIEODAD ANONIMA COM 984245100 1,914,500 56,000 1 1,2 56,000
34,188 1,000 1 1 1,000
311,106 9,100 1 2 9,100
------------
1,102,183,762
Common Stock Argentina
- ----------------------
PEREZ COMPANC COM 2681931 4,072,770 570,312 1 1 570,312
------------
4,072,770
Common Stock Austria
- --------------------
BOEHLER UDDEHOLM COM 4121305 3,313,004 56,600 1 1 56,600
WEINERBERGER BAUSTOFF COM 4969602 6,638,114 34,630 1 1 34,630
------------
9,951,118
Common Stock Australia
- ----------------------
ACACIA RESOURCES LTD. COM 6005582 220,751 242,000 1 1 242,000
ACACIA RESOURCES ORD COM 6005582 1,144,802 1,255,000 1 1 1,255,000
AURORA GOLD LTD. COM 6068615 1,368,289 1,200,000 1 1 1,200,000
BURMINE LIMITED COM 068993104 598,886 265,650 1 1 265,650
------------
Page Total 36,557,860
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CENTAUR MINING & EXPLOR. COM 6183682 175,923 500,000 1 1 500,000
CLIMAX AUSTRALIA COM 6015138 266,816 910,000 1 1 910,000
DELTA GOLD COM 6260660 631,759 600,000 1 1 600,000
EAGLE MINING CORP COM 6723721 210,326 107,600 1 1 107,600
EMPEROR MINES LIMITED COM 6313508 176,630 602,413 1 1 602,413
FOSTER BREWING COM 6349268 11,714,904 6,157,400 1 1 6,157,400
GHANA GOLD MINES LTD COM 367993102 72,975 800,000 1 1 800,000
GOLDEN SHAMROCK MINES COM 6953777 1,102,450 1,800,000 1 1 1,800,000
GOLDFIELDS LIMITED COM 6370008 7,688 10,000 1 1 10,000
GREAT CENTRAL MINES COM 6383794 260,063 241,900 1 1 241,900
GWALIA CONSOLIDATED LTD COM 6415567 157,856 299,100 1 1 299,100
LIHIR GOLD LTD. COM 6518596 573,378 550,000 1 1 550,000
MACRAES MINING CO. COM 6551773 131,616 200,000 1 1 200,000
MENZIES GOLD COM 6578277 172,404 1,470,000 1 1 1,470,000
MIM HOLDINGS ORD COM 6550167 624,722 1,020,000 1 1 1,020,000
NIUGINI MINING LIMITED COM 6643153 354,085 293,750 1 1 293,750
NIUGINI MINING LTD/ COM 6643153 59,667 49,500 1 1 49,500
NORMANDY POSEIDON COM 6645201 1,701,424 1,752,539 1 1 1,752,539
OTTER GOLD MINES LTD COM 689991107 177,878 350,000 1 1 350,000
OTTER GOLD MINES LTD. COM 6595782 68,414 100,000 1 1 100,000
PASMINCO LIMITED COM 6671080 172,013 150,000 1 1 150,000
PLUTONIC RESOURCES ORDS COM 6644349 697,176 250,000 1 1 250,000
POSEIDON GOLD LTD COM 6065081 1,472,368 682,700 1 1 682,700
QBE INSURANCE GROUP LTD COM 6715740 5,337,581 1,186,032 1 1 1,186,032
RANGER MINERALS N.L. COM 6723077 410,682 191,000 1 1 191,000
RESOLUTE LIMITED COM 6771430 218,926 300,000 1 1 300,000
TELSTRA CORP INSTALLMENT COM 6085454 778,986 369,000 1 1 369,000
------------
31,061,439
Common Stock Belgium
- --------------------
ELECTRABEL SA COM 4294791 8,463,621 36,590 1 1 36,590
------------
Page Total 36,192,333
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
8,463,621
Common Stock Brazil
- -------------------
COTEMINAS (PREF) COM 2229212 2,701,384 7,537,000 1 1 7,537,000
EMPESA NACIONAL COM 2089234 10,099,636 13,580,000 1 1 13,580,000
LIGHT SERVICOS DE COM 2516668 2,375,688 5,702,000 1 1 5,702,000
ELECTICIDADE SA ON
PETROBRAS PFD COM 2684532 2,727,120 11,661,000 1 1 11,661,000
SOUZA CRUZ S.A. COM 283214 580,635 72,000 1 1 72,000
TELESP COM 2882541 2,529,691 9,506,000 1 1 9,506,000
------------
21,014,153
Common Stock Canada
- -------------------
ADRIAN RES LTD COM 00733P108 61,145 100,000 1 1 100,000
AREQUIPA RES LTD COM 039907100 418,583 20,000 1 1 20,000
BATTLE MTN GOLD CO COM 071593107 403,194 100,344 1 1 100,344
BOMBARDIER INC COM 097751200 4,193,191 204,100 1 1 204,100
BRE-X MINERALS LTD COM 10625K109 629 10,000 1 1 10,000
CAMBIOR INC COM 13201L103 1,373,278 334,500 1 1 334,500
CANADIAN NAT RES LTD COM 136385101 1,176,084 55,000 1 1,2 55,000
DAYTON MNG CORP COM 239902109 419,718 310,000 1 1 310,000
ELDORADO GOLD CORP COM 284902103 48,860 92,000 1 1 92,000
ETRUSCAN ENTERPRISES LTD COM 29786L102 139,411 50,000 1 1 50,000
EURO NEVADA MINING CORP. COM 29870p100 338,046 25,000 1 1 25,000
FALCONBRIDGE LTD NEW COM 305915100 635,910 50,000 1 1 50,000
FRANCISCO GOLD CORP COM 351902101 214,882 30,000 1 1 30,000
FRANCO NEV MNG LTD COM 351860101 1,178,181 60,000 1 1 60,000
GEDDES RES LTD COM 368464103 3,676 526,000 1 1 526,000
------------
Page Total 31,618,941
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GEOMAQUE EXPLS LTD COM 37247E104 769,267 433,400 1 1 433,400
GOLDEN BEAR MINERALS INC COM 380963108 91,938 626,500 1 1 626,500
GOLDEN KNIGHT RESOURCES COM 381090109 174,701 100,000 1 1 100,000
GOLDEN QUEEN MINING LTD COM 38115j100 440,245 700,000 1 1 700,000
GREENSTONE RES LTD COM 39573W104 85,167 25,000 1 1 25,000
HUDSONS BAY CO. COM 444204101 4,611,620 207,200 1 1 207,200
INTL GOLD RES CORP COM 45955C103 2,058,698 548,100 1 1 548,100
KINROSS GOLD CORP COM 496902107 331,494 138,000 1 1 138,000
LAMINCO RES INC COM 513900100 16,771 200,000 1 1 200,000
MERIDIAN GOLD INC COM 589975200 370,365 200,000 1 1 200,000
METALLICA RES INC COM 59125J104 26,527 21,500 1 1 21,500
MINEFINDERS CORP COM 602997124 125,784 60,000 1 1 60,000
NEVSUN RES LTD COM 64156L101 127,182 50,000 1 1 50,000
PAN AMER SILVER UNITS COM 000015107 1,500,329 190,000 1 1 190,000
PAN AMERICAN SILVER CORP COM 697900108 429,763 60,000 1 1 60,000
PANGEA GOLDFIELDS INC COM 69840R109 91,948 77,400 1 1 77,400
PRIME RESOURCES GROUP COM 74157L109 199,159 25,000 1 1 25,000
RESSOURCES WILLIAM INC COM 760933101 68,483 280,000 1 1 280,000
ROMARCO MINERALS INC COM 775903107 340,163 159,600 1 1 159,600
SILVER STD RES INC COM 82823L106 1,222,904 350,000 1 1 350,000
SUTTON RESOURCES COM 869474403 81,760 18,000 1 1 18,000
TARRAGON OIL COM 87629e206 2,986,625 381,600 1 1 381,600
TOMBSTONE EXPLS LTD COM 889904108 82,983 312,500 1 1 312,500
TRITON MNG CORP COM 896930104 35,639 100,000 1 1 100,000
TVX GOLD INC COM 87308K101 589,614 250,000 1 1 250,000
VENORO GOLD CORP COM 922923107 2,226 22,750 1 1 22,750
YOGEN FRUZ WORLD COM 985902105 6,100,555 1,238,300 1 1 1,238,300
------------
33,566,698
Common Stock Switzerland
- ------------------------
NESTLE AG REGD COM 4616696 5,161,267 3,439 1 1 3,439
------------
Page Total 28,123,178
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NOVARTIS COM 5047831 9,375,674 5,770 1 1 5,770
RENTENANSTALT COM 5285868 5,426,138 6,900 1 1 6,900
SAURER AG ARBON COM 4829513 5,508,755 7,580 1 1 7,580
------------
25,471,834
Common Stock Czech Republic
- ---------------------------
SPT TELECOM AS CSK 1000 COM 4766610 3,102,143 29,070 1 1 29,070
------------
3,102,143
Common Stock Germany
- --------------------
ALLIANZ COM 5231485 10,159,490 39,200 1 1 39,200
DEUTSCHE BANK AG COM 4326672 10,121,616 143,300 1 1 143,300
HOECHST AG ORD COM 5070376 1,646,790 47,000 1 1 47,000
STO PREF COM 4854805 3,934,611 10,884 1 1 10,884
------------
25,862,507
Common Stock Spain
- ------------------
ADOLFO DOMIGLEZ COM 5213115 3,150,026 108,500 1 1 108,500
BCO POPULAR ESP REGD COM 5286140 4,164,540 59,600 1 1 59,600
TELEPIZZA COM 5147407 4,043,095 50,100 1 1 50,100
------------
11,357,661
Common Stock France
- -------------------
ALCATEL ALSTHOM (CGE) COM 4216825 5,144,539 40,456 1 1 40,456
------------
Page Total 65,777,418
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AXA-UAP COM 4026927 4,520,861 58,400 1 1 58,400
SIDEL SA FF 10 PAR COM 5092433 2,832,726 42,710 1 1 42,710
USINOR SACELOR COM 4894544 1,105,054 76,500 1 1 76,500
USINOR SACELOR COM 4894544 400,130 27,700 1 1 27,700
------------
14,003,311
Common Stock Great Britain
- --------------------------
AEGIS GROUP ORD COM 0965756 3,381,297 3,000,000 1 1 3,000,000
BEAZER GROUP COM 0092104 930,062 350,000 1 1 350,000
CAPITA GROUP COM 0173474 3,645,951 600,500 1 1 600,500
DFS FURNITURE CO PLC COM 0242437 4,009,102 472,200 1 1 472,200
GLAXO WELLCOME COM 0371784 8,801,836 372,000 1 1 372,000
HARVEY NICHOLS COM 0414300 1,170,986 369,700 1 1 369,700
LONRHO ORD COM 0534101 482,020 315,000 1 1 315,000
ORIFLAME INT'L ORD COM 0662217 1,317,965 180,000 1 1 180,000
PIZZA ESPRESS PLC COM 0841953 4,911,519 398,000 1 1 398,000
POLYPIPE COM 0693808 3,656,954 1,266,400 1 1 1,266,400
PROVIDENT FINANCIAL COM 0701433 6,049,413 461,300 1 1 461,300
REGENT INNS COM 0730415 5,091,418 939,100 1 1 939,100
ROYAL BANK OF SCOTLAND COM 0754783 5,059,039 395,200 1 1 395,200
RTZ CORP ORD (REGD) COM 0718875 2,985,623 242,260 1 1 242,260
TOMKINS ORD COM 0896265 5,285,558 1,131,100 1 1 1,131,100
UNITED UTILITIES PLC COM 064623 4,308,907 333,600 1 1 333,600
VODAFONE GROUP ORD COM 0719210 6,299,071 863,200 1 1 863,200
WHITBREAD COM 0960502 8,751,339 602,000 1 1 602,000
WIMPEY PLC COM 0971344 5,129,468 2,941,000 1 1 2,941,000
------------
81,267,528
Common Stock Greece
- -------------------
DELTA DAIRY PREF COM 4260189 1,984,082 220,740 1 1 220,740
------------
Page Total 92,110,382
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HELLENIC TELECOMMUN COM 5051605 1,391,911 67,850 1 1 67,850
MICHANIKI SA COM 4588784 1,958,214 381,820 1 1 381,820
------------
5,334,207
Common Stock Hong Kong
- ----------------------
CHEUNG KONG HLDG ORD COM 6190273 1,702,961 260,000 1 1 260,000
JCG HOLDINGS LTD COM 6477493 4,227,342 9,851,000 1 1 9,851,000
MOULIN INTL HOLDING,LTD. COM 6606811 1,388,110 11,565,000 1 1 11,565,000
MOULIN INTL WARRANTS COM w213257 1,788 119,416 1 1 119,416
MOULIN INTL. HOLDINGS, COM 6037046 17,990 1,201,666 1 1 1,201,666
LTD. WARRANTS
TING YI HOLDING CORP COM 6903556 574,330 4,406,000 1 1 4,406,000
------------
7,912,521
Common Stock Hungary
- --------------------
ZALAKERAMIA COM 4992415 4,646,025 100,085 1 1 100,085
------------
4,646,025
Common Stock Indonesia
- ----------------------
FISKARAGAN COM 6352846 703,724 2,577,900 1 1 2,577,900
INDAH KIAT F COM 6462541 1,233,230 5,647,000 1 1 5,647,000
PT SAMPOERNA (L) COM 6400336 2,178,908 2,885,000 1 1 2,885,000
TAMBANG TIMAH (F) COM 6872720 7,700,288 7,171,500 1 1 7,171,500
------------
11,816,150
Common Stock Ireland
- --------------------
ALLIED IRISH BANKS COM 4020684 6,491,861 669,800 1 1 669,800
------------
Page Total 34,216,681
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RYANAIR HOLDINGS COM 0038227 2,625,252 553,110 1 1 553,110
------------
9,117,113
Common Stock India
- ------------------
HINDUSTAN PETROLEUM COM 6428394 5,587,796 452,200 1 1 452,200
------------
5,587,796
Common Stock Italy
- ------------------
TELECOM ITALIA COM 5297506 4,585,934 716,500 1 1 716,500
------------
4,585,934
Common Stock Japan
- ------------------
ACOM COM 6049784 4,108,872 74,200 1 1 74,200
AMWAY JAPAN COM 6028976 2,234,253 116,200 1 1 116,200
DOUTOR COFFEE COM 6285210 2,432,221 94,400 1 1 94,400
MARUKO COM 6578266 227,163 41,600 1 1 41,600
MITSUBISHI ESTATE COM 6596729 3,735,086 342,000 1 1 342,000
MITSUI FUDOSAN CO LTD COM 6597603 3,895,676 402,000 1 1 402,000
NIPPON STEEL COM 6642569 2,150,859 1,449,000 1 1 1,449,000
SONY CORP COM 6821506 4,416,207 49,500 1 1 49,500
TIEMCO COM 6878881 488,321 48,100 1 1 48,100
TOSHIBA CORP. COM 6897217 680,728 163,000 1 1 163,000
YAMATO KOGYO COM 6985446 2,095,006 347,000 1 1 347,000
------------
26,464,391
Common Stock South Korea
- ------------------------
SUHEUNG CAPSULE COM 6846480 227,999 5,420 1 1 5,420
------------
Page Total 39,491,371
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
227,999
Common Stock Mexico
- -------------------
BANACCI 'B' COM 2393184 2,408,467 804,000 1 1 804,000
CIE COM 2224347 1,791,657 230,000 1 1 230,000
CINTRA SA COM 2105602 965,873 1,041,000 1 1 1,041,000
GRUPO INDS MASECA B COM 2390572 3,482,876 3,366,700 1 1 3,366,700
GRUPO INDUSTIAL SALTILLO COM 2396376 875,982 214,000 1 1 214,000
------------
9,524,855
Common Stock Malaysia
- ---------------------
AUSTRAL ENTERPRISES COM 6067827 1,713,816 1,635,000 1 1 1,635,000
BERJAYA SPORTS TOTO COM 6331566 1,692,261 662,000 1 1 662,000
HAP SENG CONSOLIDATED COM 6297743 1,103,699 895,000 1 1 895,000
HIGHLANDS & LOWLANDS COM 6425856 1,619,662 1,584,000 1 1 1,584,000
HONG LEONG WARRANTS COM w212174 0 30,000 1 1 30,000
KUALA LUMPUR KEPONG COM 6497446 4,316,192 2,012,000 1 1 2,012,000
BERHAD
MAGNUM CORP COM 6554006 1,098,350 1,827,000 1 1 1,827,000
------------
11,543,979
Common Stock Netherlands
- ------------------------
KONINKLIJKE AHREND GROUP COM 5231429 754,133 24,000 1 1 24,000
------------
754,133
Common Stock Norway
- -------------------
SAGA PETROLEUM A.S COM 4768025 7,888,200 457,900 1 1 457,900
------------
Page Total 29,711,168
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
7,888,200
Common Stock New Zealand
- ------------------------
BRIERLEY INVMT LTD ORD COM 6132189 3,848,207 5,388,100 1 1 5,388,100
FLETCHER CHAL BLDG COM 6342955 3,428,443 1,677,400 1 1 1,677,400
------------
7,276,650
Common Stock Peru
- -----------------
COMPANIA BUENAVENTURA OR COM 2202956 869,209 117,009 1 1 117,009
------------
869,209
Common Stock Philippines
- ------------------------
C&P HOMES COM 6174136 2,206,376 37,301,600 1 1 37,301,600
FORTUNE CEMENT COM 6349194 709,695 7,079,000 1 1 7,079,000
INTL CONTAINER TERMINAL COM 6455819 59,433 474,262 1 1 474,262
IONICS CIRCUITS COM 6459101 2,543,474 6,150,400 1 1 6,150,400
UNIVERSA ROBINA COM 6919519 593,298 4,782,200 1 1 4,782,200
------------
6,112,277
Common Stock Poland
- -------------------
ELEKTRIM (PLN) COM 4320102 2,976,124 307,642 1 1 307,642
POLIFARB CIESZYN COM 4690894 1,899,817 401,000 1 1 401,000
STOMIL (PLN) COM 4757391 1,435,438 187,400 1 1 187,400
------------
Page Total 20,569,514
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WEDEL (PLN) COM 4962333 828,357 16,132 1 1 16,132
------------
7,139,736
Common Stock Portugal
- ---------------------
PORTUGAL TELECOM ORDS COM 4676203 3,946,775 84,964 1 1 84,964
------------
3,946,775
Common Stock Sweden
- -------------------
CASTELLUM COM 5232808 4,999,255 502,100 1 1 502,100
HUFVUDSTADEN A COM 4449137 3,528,059 917,800 1 1 917,800
IFS 144a COM 189946 4,320,637 623,300 1 1 623,300
S.E BANKEN COM 4813345 2,694,148 212,700 1 1 212,700
SKF AB 'B' COM 4767066 1,107,587 52,000 1 1 52,000
SWEDISH MATCH COM 5048566 8,480,013 2,539,000 1 1 2,539,000
------------
25,129,700
Common Stock Singapore
- ----------------------
DBS LAND LTD COM 6244772 3,246,169 2,120,000 1 1 2,120,000
KEPPEL FELS COM 6853468 3,059,991 1,097,000 1 1 1,097,000
------------
6,306,160
Common Stock Thailand
- ---------------------
ADVANCED AGRO PLC COM 6009335 1,307,264 1,563,800 1 1 1,563,800
------------
Page Total 37,518,257
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
1,307,264
Common Stock Turkey
- -------------------
AKBANK COM 4011127 2,588,154 29,372,880 1 1 29,372,880
ARCELIK COM 4051800 2,468,160 26,215,500 1 1 26,215,500
EREGLI DEMIR CELIK COM 4315197 1,082,123 7,004,000 1 1 7,004,000
PETROL OFISI COM 4688242 1,762,969 7,376,644 1 1 7,376,644
------------
7,901,406
Common Stock South Africa
- -------------------------
ANGLO AMERICAN GOLD INVT COM 6032643 1,058,698 28,000 1 1 28,000
ANGLO AMERICAN PLATINUM COM 6761000 54,969 20,000 1 1 20,000
ANGLOVAAL LTD COM 035134303 82,427 32,000 1 1 32,000
AVMIN LTD. COM 6048082 735,224 611,600 1 1 611,600
BARNATO EXPLORATION LTD COM 6079479 262,003 150,000 1 1 150,000
BEATRIX MINES COM 6088828 172,100 50,000 1 1 50,000
BLYVOORUITZICHHT GOLD OR COM 6107303 330,843 700,000 1 1 700,000
CONSOLIDATED AFRICAN COM 6017190 75,145 261,200 1 1 261,200
MINES LTD.
CONSOLIDATED MINING CORP COM 6217495 57,241 647,800 1 1 647,800
DEBEERS COM 6259118 1,007,017 49,500 1 1 49,500
DRIEFONTEIN COM 6280215 82,731 12,200 1 1 12,200
DURBAN ROODERPOORT OPT COM 247997109 43,374 62,080 1 1 62,080
EASTVAAL GOLD HLDG COM 6296405 729,745 887,800 1 1 887,800
EVANDER GOLD MINES LTD. COM 6301901 78,349 41,443 1 1 41,443
FREE STATES CONS MNG ORD COM 323999102 151,654 30,000 1 1 30,000
GENCOR LIMITED COM 6365811 307,684 186,000 1 1 186,000
GENCOR LIMITED COM 6014889 496,265 300,000 1 1 300,000
------------
Page Total 13,626,875
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GOLD FIELDS OF SOUTH COM 6376266 306,184 20,000 1 1 20,000
AFRICA LTD.
GOLDFIELDS OF SOUTH COM 6376266 711,878 46,500 1 1 46,500
AFRICA
H.J. JOEL GOLD COM 6474568 394,546 800,000 1 1 800,000
JCI LTD COM 6476122 211,406 47,300 1 1 47,300
LIBERTY LIFE ASSOC COM 6515047 1,407,624 54,800 1 1 54,800
RANDFONTEIN ESTATES GOLD COM 6723420 114,637 75,900 1 1 75,900
MINING CO. WIT
RANDFONTEIN ESTATES ORD. COM 6723408 518,100 289,800 1 1 289,800
RANDGOLD & EXPLORATION COM 6734499 706,383 545,637 1 1 545,637
RUSTENBURG PLATINUM COM 6761000 956,363 71,600 1 1 71,600
SOUTHVAAL HLDGS LTD COM 6831709 832,245 50,000 1 1 50,000
TARGET EXPLORATION COM 6874113 16,745 21,444 1 1 21,444
WESTERN AREAS ORD COM S96528112 80,913 50,000 1 1 50,000
------------
11,982,493
Preferred Stock U.S.
- --------------------
FREEPORT-MCM COPR GOLD PRD 35671D865 1,918,125 99,000 1 1 99,000
------------
1,918,125
Preferred Stock South Africa
- ----------------------------
DURBAN ROODERPOORT 8% PD PRD 247992357 178,943 87,080 1 1 87,080
------------
178,943
Warrants, Rights U.S.
- ---------------------
ATNA RESOURCES LTD WAR 025994187 0 167,000 1 1 167,000
PANGEA GOLDFIELDS WAR 535993133 125,000 50,000 1 1 50,000
------------
Page Total 8,479,092
<PAGE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
December 31, 1997
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
125,000
Warrants, Rights Canada
- -----------------------
ARGOSY MINING CORP WAR 040997140 85,254 200,000 1 1 200,000
COLONY PACIFIC SPECIAL WAR 307993147 103,073 50,000 1 1 50,000
CONTROL SCIENCE STEPPE WAR 212992168 401,811 500,000 1 1 500,000
GOLD
DAYTON MINING SPCL WARR WAR 505991190 227,111 100,000 1 1 100,000
GRAND COLOMBIA RESOURCES WAR 385991179 37,735 200,000 1 1 200,000
INTERNATIONAL PURSUITS WAR 46022DSP4 204,400 225,000 1 1 225,000
LOKI GOLD CORP SPL WTS WAR 396996191 1,394,111 525,000 1 1 525,000
NEVSUN RES. SPCL WARRANT WAR 64156L5P2 190,424 50,000 1 1 50,000
TIOMIN RESOURCES SP WTS WAR 887901SW7 0 350,000 1 1 350,000
VALERIE GOLD WAR 705991149 12,998 10,000 1 1 10,000
------------
2,656,916
Warrants, Rights South Africa
- -----------------------------
ORYX GOLD HOLDINGS WAR 6664154 558,940 850,000 1 1 850,000
------------
558,940
------------
GRAND TOTAL 1,560,191,443
============
------------
Page Total 3,215,856
</TABLE>
NOTES:
This Form 13F, filed by Lexington Global Asset Managers, Inc. ("LGAM"),
a public reporting company under the Securities Exchange Act of 1934, is
being filed on behalf of its investment advisory subsidiaries, Lexington
Management Corporation and Market Systems Research Advisors, Inc.
INVESTMENT DISCRETION
Although LGAM itself is not a registered investment adviser, it is
filing this Form 13F on behalf of its subsidiaries on the basis that
Subsection 13f-1(b) deems investment discretion to be exercised with
respect to all accounts over which any person under its control
exercises investment discretion. In this respect, investment
discretion has been reported as shared amongst LGAM and the
subsidiary. Discretion may also be shared amongst LGAM and both
subsidiaries (e.g. one subsidiary serves as investment adviser to an
investment company portfolio, and the other as sub-adviser).
VOTING DISCRETION
In most cases, the investment advisory agreement between the manager and
the client will specify if the manager is responsible for taking any
action or rendering any advice with respect to the voting of proxies.
Voting discretion has been reported as "NONE" in cases where the Manager
is not required to take any action or render any advise with respect to
the voting of proxies.
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