United States
Securities and Exchange Commission
Washington, DC 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: 09/30/98
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
November 13, 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: $1,690,444,487
List of Other Included Managers:
No. 13F File Number Name
- ------------------------------------------------------------------
1. 028-0797 Lexington Management Corporation
- ------------------------------------------------------------------
2. 028-6806 Market Systems Research Advisors, Inc.
- ------------------------------------------------------------------
Notes have been included at the end of this Report.
<TABLE>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 1998
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.
- -----------------
ABN Amro Hldg NV ADR COM 93710 5,444,533 322,639 1 1 322,639
ACE LTD COM G0070K103 20,643,000 688,100 1 1 688,100
141,000 4,700 1 1,2 4,700
ADAPTEC COM 00651f108 4,253,150 447,700 1 1 447,700
Aegon NV ADR COM 792410 9,552,738 122,471 1 1 122,471
AIRTOUCH COM 00949T100 456,000 8,000 1 1 8,000
2,257,200 39,600 1 2 39,600
Alcatel Alsthom Spons
ADR COM 1390430 5,563,590 327,270 1 1 327,270
ALLIANCE CAPITAL MGMT COM 018548107 438,188 19,000 1 2 19,000
ALLIED CAPITAL CORP COM 01903q108 266,250 15,000 1 2 15,000
Allied Irish Bks PLC
Spons ADR COM 1922840 261,616 2,975 1 1 2,975
ALPHARMA INC CL A COM 020813101 210,000 8,000 1 1,2 8,000
ALUMINUM CO AMER COM 022249106 207,675 2,925 1 1 2,925
AMERICAN EXPRESS CO COM 025816109 7,665,662 98,752 1 1 98,752
1,864,941 24,025 1 2 24,025
AMERICAN INTL GROUP
INC COM 026874107 964,993 12,312 1 1 12,312
1,540,069 19,650 1 2 19,650
ANADARKO PETE CORP COM 032511107 1,258,000 32,000 1 1,2 32,000
AON CORP COM 037389103 625,166 9,692 1 1 9,692
2,379,566 36,892 1 2 36,892
APEX SILVER MINES LTD COM g04074103 405,000 45,000 1 1 45,000
AQUARION CO COM 03838w101 1,010,625 30,000 1 1,2 30,000
ASHANTI GOLDFIELDS
COMPANY LTD. COM 6051712 1,159,926 133,709 1 1 133,709
ASHANTI GOLDFIELDS
LTD ADR COM 043743202 1,410,825 154,611 1 1 154,611
ASHANTI PF B COM s205992 30,960 80,000 1 1 80,000
ASHANTI PF C COM s205991 30,960 80,000 1 1 80,000
ASHANTI PF D COM s205990 30,960 80,000 1 1 80,000
ASHANTI PF E COM s205989 30,960 80,000 1 1 80,000
ASTEC INDUSTRIES INC COM 046224101 288,572 6,800 1 1,2 6,800
ATLANTIC RICHFIELD CO COM 048825103 822,875 11,600 1 1,2 11,600
AVATAR HOLDINGS INC. COM 053494100 973,875 53,000 1 1,2 53,000
AVERY DENNISON CORP. COM 053611109 1,092,188 25,000 1 1,2 25,000
BANCO GANADERO S A COM 059594507 596,700 66,300 1 1 66,300
BANCO SANTANDER CHILE COM 05965F108 2,695,000 245,000 1 1 245,000
Bank Of New York Inc COM 6405710 8,182,387 298,900 1 1 298,900
BankAmerica Corp COM 63858510 7,062,909 132,017 1 1 132,017
BARRICK GOLD CORP COM 067901108 2,288,140 114,407 1 1 114,407
BATTLE MTN GOLD CO COM 071593107 909,375 150,000 1 1 150,000
BELL CDA INTL INC COM 077914109 93,438 10,000 1 1 10,000
BJ SVCS CO COM 055482103 4,507,750 277,400 1 1 277,400
BLADEX ADR COM p16994132 575,663 35,700 1 1 35,700
BMC SOFTWARE INC COM 055921100 6,708,981 111,700 1 1 111,700
BOSTON PROPERTIES COM 101121101 285,000 10,000 1 2 10,000
<PAGE>
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>
BRISTOL-MYERS SQUIBB COM 110122108 20,304,090 195,467 1 1 195,467
2,760,479 26,575 1 2 26,575
BUCKEYE PARTNERS LP COM 118230101 450,000 16,000 1 2 16,000
Burlington Nrth Santa
Fe Corp COM 12189T10 6,881,156 213,369 1 1 213,369
Cadbury Schweppes COM 12720930 6,627,101 128,370 1 1 128,370
CAMBIOR INC COM 13201L103 566,438 95,400 1 1 95,400
CANYON RESOURCES CORP COM 138869102 84,970 226,586 1 1 226,586
CARDINAL HEALTH INC COM 14149y108 9,127,300 88,400 1 1 88,400
2,157,925 20,900 1 2 20,900
CARIBINER INT'L INC COM 141888107 4,299,300 505,800 1 1 505,800
Centex Corp COM 15231210 470,062 13,625 1 1 13,625
470,062 13,625 1 2 13,625
CERIDIAN CORP COM 15677T106 1,927,800 33,600 1 2 33,600
CHEVRON CORPORATION COM 166751107 15,741,131 187,255 1 1 187,255
1,471,094 17,500 1 1,2 17,500
1,941,844 23,100 1 2 23,100
CISCO SYS INC COM 17275R102 7,822,281 126,547 1 1 126,547
1,947,094 31,500 1 2 31,500
CLEAR CHANNEL COMMUNI
CATIONS COM 184502102 423,937 8,925 1 1 8,925
2,485,437 52,325 1 2 52,325
COCA-COLA FEMSA S.A. -
SP ADR COM 191241108 965,250 79,200 1 1 79,200
COEUR D ALENE MINES CORP COM 192108108 790,481 108,100 1 1 108,100
COFLEXIP SPONSORED ADR COM 192384105 1,188,750 30,000 1 1,2 30,000
Colgate Palmolive Co COM 19416210 9,856,130 143,362 1 1 143,362
COLUMBIA GAS SYSTEM COM 197648108 1,348,375 23,000 1 1,2 23,000
COMCAST CORP CL A COM 200300101 618,947 13,275 1 1 13,275
3,094,735 66,375 1 2 66,375
COMCAST CORP K COM 200300200 16,465,675 350,800 1 1 350,800
Compaq Computer COM 20449310 10,904,458 344,805 1 1 344,805
CONSOLIDATED EDISON CO N COM 209115104 6,927,700 133,225 1 1 133,225
COSTCO COMPANIES INC COM 22160q102 12,711,897 268,325 1 1 268,325
2,621,022 55,325 1 2 55,325
CYMER INC. COM 232572107 2,270,300 248,800 1 1 248,800
73,000 8,000 1 1,2 8,000
DATA GEN CORP COM 237688106 6,166,369 570,300 1 1 570,300
DAYTON HUDSON CP COM 239753106 1,354,925 37,900 1 2 37,900
DELL COMPUTER COM 247025109 673,937 10,250 1 1 10,250
3,435,437 52,250 1 2 52,250
Disney Walt Co COM 25468710 8,311,380 327,542 1 1 327,542
DOMINION RES INC COM 257470104 12,811,838 287,100 1 1 287,100
DOW CHEMICAL COMPANY COM 260543103 1,196,125 14,000 1 1,2 14,000
Dupont E.I. De Nemours COM 26353410 8,000,550 142,232 1 1 142,232
EASTMAN KODAK CO COM 277461109 224,859 2,925 1 1 2,925
ECOLAB INC COM 278865100 5,615,990 197,485 1 1 197,485
2,812,053 98,885 1 2 98,885
ELAN PLC ADR COM 284131208 23,224,026 322,275 1 1 322,275
ELF AQUITAINE SPONSORED
ADR COM 286269105 1,442,750 23,200 1 1,2 23,200
17,360,963 279,170 1 1 279,170
EMC CORP COM 268648102 22,723,369 396,050 1 1 396,050
2,702,362 47,100 1 2 47,100
EMERSON ELECTRIC COM 291011104 17,442,387 280,199 1 1 280,199
ENRON CORP COM 293561106 989,750 18,500 1 1,2 18,500
<PAGE>
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
TR COM 29476l883 490,000 20,000 1 2 20,000
ESPIRITO SANTO FINL
GROUP-ADR COM 29665f200 3,657,188 235,000 1 1 235,000
EXEL LIMITED COM g3242a102 13,475,700 213,900 1 1 213,900
EXXON CORP COM 302290101 14,623,421 207,057 1 1 207,057
1,419,563 20,100 1 1,2 20,100
2,311,204 32,725 1 2 32,725
FEDERAL MOGUL CORP. COM 313549107 9,408,438 201,250 1 1 201,250
FEDERAL NATIONAL
MORTGAGE ASSN COM 313586109 31,731,468 493,875 1 1 493,875
265,031 4,125 1 2 4,125
First Union Corp COM 33735810 427,420 8,350 1 1 8,350
427,420 8,350 1 2 8,350
FORD MOTOR CO COM 345370100 1,536,900 32,700 1 2 32,700
FOREMOST CORP OF AMER COM 345469100 3,563,613 194,600 1 1 194,600
201,438 11,000 1 1,2 11,000
FORT JAMES CORP COM 347471104 12,090,586 368,475 1 1 368,475
1,968,750 60,000 1 1,2 60,000
FREEPORT MCMORAN COP&GOL COM 35671D105 1,900,388 162,600 1 1 162,600
FREEPORT MCMORAN COPPER
& GOLD PFD. COM 35671d865 1,299,375 99,000 1 1 99,000
FREEPORT-MCM COPR GOLD COM 35671D857 1,193,750 100,000 1 1 100,000
GANNETT INC COM 364730101 4,665,294 87,100 1 1 87,100
GAP INC DEL COM 364760108 20,501,178 388,648 1 1 388,648
GENERAL ELEC CO COM 369604103 22,266,110 279,856 1 1 279,856
2,527,704 31,770 1 2 31,770
GETCHELL GOLD CORP COM 374265106 1,309,435 62,169 1 1 62,169
Glaxo Wellcome Plc
Sponsor ADR COM 37733W10 6,583,656 115,250 1 1 115,250
GOLDEN WEST FIN COM 381317106 384,521 4,700 1 1 4,700
1,791,696 21,900 1 2 21,900
GRANITE CONSTR INC COM COM 387328107 241,388 8,200 1 1,2 8,200
GRUPO CASA AUTREY S A DE COM 40048P104 387,550 67,400 1 1 67,400
GTE CORP COM 362320103 9,751,500 177,300 1 1 177,300
HALLIBURTON CO COM 406216101 1,150,000 40,000 1 1,2 40,000
HBO & CO COM 404100109 10,741,500 372,000 1 1 372,000
1,946,175 67,400 1 2 67,400
HECLA MNG CO COM 422704106 1,211,843 239,400 1 1 239,400
HERSHEY FOODS CORP COM 427866108 9,642,844 140,900 1 1 140,900
HINDALCO GRD COM 218999100 251,981 22,650 1 1 22,650
HINDALCO INDS LTD COM 433064102 1,095,003 91,000 1 1 91,000
HINDALCO ORD COM 537996100 1,181,475 106,200 1 1 106,200
HOME DEPOT INC COM 437076102 13,825,987 350,025 1 1 350,025
2,762,037 69,925 1 2 69,925
HOMESTAKE MNG CO COM 437614100 5,504,750 454,000 1 1 454,000
ICON PLC - SPONSORED ADR COM 45103t107 407,813 12,500 1 1 12,500
ILLINOIS TOOL WORKS COM 452308109 1,803,950 33,100 1 2 33,100
IMAX CORPORATION COM 45245e109 201,364 10,100 1 1,2 10,100
8,684,557 435,600 1 1 435,600
INSITUFORM TECH INC CL A COM 457667103 171,431 13,000 1 1,2 13,000
Intel Corp COM 45814010 10,777,078 125,680 1 1 125,680
INTL PAPER CO COM 460146103 1,641,875 35,000 1 1,2 35,000
10,012,719 214,750 1 1 214,750
IPL ENERGY INC COM 449911106 611,375 14,600 1 1,2 14,600
JOHNSON & JOHNSON COM 478160104 24,548,981 313,725 1 1 313,725
<PAGE>
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>
KANEB SERVICES INC COM COM 484170105 180,000 36,000 1 1,2 36,000
KGHM POLSKA GDR COM 48245w103 131,775 21,000 1 1 21,000
LEXINGTON GROWTH&INCOME COM 528922107 273,353 13,668 1 1 13,668
LIBERTY LIFE LONDON COM 530993104 1,330,672 87,700 1 1 87,700
LIHIR GOLD LTD COM 532349107 386,250 15,000 1 1 15,000
LOEWEN GROUP INC COM 54042L100 1,151,975 78,100 1 1 78,100
LUCENT TECHNOLOGIES INC COM 549463107 14,485,631 209,179 1 1 209,179
1,963,237 28,350 1 2 28,350
LUKOIL HOLDINGS OF
RUSSIA COM 4560588 228,800 83,200 1 1 83,200
LUKOIL HOLDINS (NEW) COM 549990109 164,175 59,700 1 1 59,700
MANDARIN ORIENTAL INTL COM 6560713 548,960 1,168,000 1 1 1,168,000
MARSH & MCLENNAN COS INC COM 571748102 13,976,640 280,937 1 1 280,937
1,963,259 39,462 1 2 39,462
MARTIN MARIETTA
MATERIALS COM 573284106 12,887,150 298,400 1 1 298,400
1,986,625 46,000 1 1,2 46,000
MASCO CORP COM 574599106 1,591,425 64,300 1 2 64,300
MAYTAG CORP COM 578592107 458,400 9,600 1 1 9,600
2,258,575 47,300 1 2 47,300
MCDONALDS CORP COM 580135101 174,586 2,925 1 1 2,925
1,581,719 26,500 1 2 26,500
MCGRAW HILL COS INC COM 580645109 1,735,575 21,900 1 2 21,900
MEDTRONIC INC COM 585055106 17,801,650 306,925 1 1 306,925
MERCK & CO INC COM 589331107 1,970,651 15,210 1 1 15,210
MERRILL LYNCH COM 590188108 6,375,031 135,100 1 1 135,100
910,719 19,300 1 2 19,300
Microsoft Corp COM 59491810 2,296,575 20,866 1 1 20,866
663,680 6,030 1 2 6,030
MILLENIUM CHEMICALS COM 599903101 5,341,650 286,800 1 1 286,800
MOBIL CORP COM 607059102 18,935,750 249,359 1 1 249,359
MONSANTO CO COM 611662107 1,406,250 25,000 1 1,2 25,000
MORGAN J P & CO INC COM 616880100 247,528 2,925 1 1 2,925
MORGAN ST DEAN WITTER
& CO COM 617446448 957,375 22,200 1 2 22,200
MOTOROLA INC COM 620076109 7,315,547 170,625 1 1 170,625
NAC RE CORP COM 628907107 13,199,000 268,000 1 1 268,000
NAMIBIAN MINERALS CORP. COM 629913104 53,125 50,000 1 1 50,000
NATIONAL COMPUTER SYS INCCOM 635519101 229,850 7,800 1 1,2 7,800
NATIONSBANK CORP COM 638585109 11,634,111 217,460 1 1 217,460
NETWORK ASSOC COM 640938106 11,462,950 322,900 1 1 322,900
NEWELL CO COM 651192106 12,307,900 267,200 1 1 267,200
NEWMONT GOLD CO COM 651637100 894,688 35,000 1 1,2 35,000
1,278,125 50,000 1 1 50,000
NEWMONT MINING CORP COM 651639106 2,592,810 106,920 1 1 106,920
NOBLE AFFILIATES INC COM 654894104 1,163,438 36,500 1 1,2 36,500
NORTHERN BORDER PARTNERS
UNIT LTD COM 664785102 342,500 10,000 1 2 10,000
O'REILLY AUTOMOTIVE INC COM 686091109 216,750 6,000 1 1,2 6,000
OMNICOM GROUP COM 681919106 1,692,000 37,600 1 2 37,600
PBOC HOLDINGS INC COM 69316g108 209,625 19,500 1 1,2 19,500
PEOPLE'S PRFD CAP COM 712204205 378,750 15,000 1 2 15,000
Pepsico Inc COM 71344810 8,625,246 292,997 1 1 292,997
PFIZER INC COM 717081103 27,302,787 258,182 1 1 258,182
2,651,681 25,075 1 2 25,075
PHARMACIA UPJOHN INC COM 716941109 11,051,288 220,200 1 1 220,200
<PAGE>
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>
PHILIP MORRIS COS INC COM 718154107 32,664,756 706,265 1 1 706,265
PIEDMONT NATURAL GAS CO COM 720186105 1,270,313 37,500 1 1,2 37,500
PIONEER GROUP INC COM 723684106 247,500 15,000 1 1 15,000
PIONEER HI-BRED INTL COM 723686101 1,572,500 59,200 1 2 59,200
PITNEY BOWES INC COM 724479100 6,207,631 118,100 1 1 118,100
1,886,994 35,900 1 2 35,900
PLACER DOME INC COM 725906101 5,124,438 371,000 1 1 371,000
PROCTER & GAMBLE CO COM 742718109 26,793,309 376,707 1 1 376,707
439,197 6,175 1 2 6,175
PROGRESSIVE CORP COM 743315103 1,601,050 14,200 1 2 14,200
PROVIDIAN CP COM 74406a102 2,510,450 29,600 1 2 29,600
RALSTON PURINA GRP COM 751277302 332,719 11,375 1 1 11,375
1,880,044 64,275 1 2 64,275
Rio Tinto PLC Spons ADR COM 76720410 1,908,305 38,945 1 1 38,945
RITE AID CORP COM 767754104 17,430,323 490,995 1 1 490,995
ROSTELECOM COM 5004148 26,854 92,600 1 1 92,600
ROSTELECOM COM 778990101 113,158 390,200 1 1 390,200
RUBBERMAID INC COM 781088109 11,104,606 463,900 1 1 463,900
SAFEWAY INC COM 786514208 28,694,870 622,111 1 1 622,111
SARA LEE CORP COM 803111103 5,167,800 95,700 1 1 95,700
SCHERING-PLOUGH COM 806605101 2,633,663 25,400 1 2 25,400
SCHLUMBERGER LTD COM 806857108 1,653,438 32,500 1 1,2 32,500
6,987,170 137,340 1 1 137,340
SILVER STD RES INC COM COM 82823L106 53,900 50,000 1 1 50,000
Societe Generale ADR COM 83364L10 3,255,547 147,150 1 1 147,150
STILLWATER MNG CO COM COM 86074q102 1,051,031 33,300 1 1,2 33,300
3,850,625 122,000 1 1 122,000
STOLT COMEX SEAWAY ADR COM 861567105 322,715 38,250 1 1,2 38,250
STOLT COMEX SEAWAY SA COM l8873e103 736,313 76,500 1 1,2 76,500
STRUCTURAL DYNAMICS RESH COM 863555108 4,762,125 423,300 1 1 423,300
SUMMIT BANCORP COM 866005101 4,890,000 130,400 1 1 130,400
SUNGARD DATA SYSTEMS COM 867363103 15,510,600 492,400 1 1 492,400
SUNSHINE MINING &
REFINING COM 867833105 459,375 525,000 1 1 525,000
TELE COMM INC A COM 87924v101 2,280,988 58,300 1 2 58,300
TELEBRAS-SPONS ADR PFD
BLOCK COM 879287308 4,733,400 67,200 1 1 67,200
TEPPCO PARTENERS - LP COM 872384102 315,750 12,000 1 2 12,000
TEVA PHARMACEUTICAL
INDS ADR COM 881624209 12,278,851 323,400 1 1 323,400
TEXACO INC COM 881694103 17,713,008 283,125 1 1 283,125
1,251,250 20,000 1 1,2 20,000
TIME WARNER COM 887315109 8,916,053 101,825 1 1 101,825
1,893,540 21,625 1 2 21,625
TJX CO INC COM 872540109 9,264,116 520,090 1 1 520,090
484,335 27,190 1 2 27,190
TOTAL S.A.- SPONSORED
ADR COM 89151e109 1,256,250 20,000 1 1,2 20,000
Travelers Group Inc COM 89419010 7,889,342 210,382 1 1 210,382
TRIBUNE CO COM 896047107 362,254 7,200 1 1 7,200
1,760,942 35,000 1 2 35,000
TVX GOLD INC COM 87308k101 134,350 50,000 1 1 50,000
TYCO INTL LTD COM 902124106 33,094,475 598,995 1 1 598,995
2,481,277 44,910 1 2 44,910
U.S. FOODSERVICE COM 90331r101 11,721,600 281,600 1 1 281,600
<PAGE>
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>
UNIFIED ENERGY SYSTEMS
(GDR) COM 5252594 2,686 158,000 1 1 158,000
UNIFIED ENERGY SYSTEMS
PFD. COM 4967242 33,082 1,946,000 1 1 1,946,000
UNILEVER NV COM 904784501 4,697,875 76,700 1 1 76,700
Union Pacific Corp COM 90781810 1,412,465 33,137 1 1 33,137
UNION PLANTERS CORP COM 908068109 5,210,925 103,700 1 1 103,700
UNTD ENRGY SYS OF RUSSIA COM 904995107 84,718 4,983,400 1 1 4,983,400
Unum Corp COM 90319210 483,216 9,725 1 1 9,725
483,216 9,725 1 2 9,725
USAIR GROUP COM 911905107 335,391 6,625 1 1 6,625
1,697,204 33,525 1 2 33,525
USX MARATHON GROUP COM
NEW COM 902905827 1,417,500 40,000 1 1,2 40,000
VF CORP COM 918204108 1,417,500 37,800 1 2 37,800
VIDESH SANCHAR NIGAM GDR
144A COM 92659g105 1,274,198 116,100 1 1 116,100
VINA CONCHAY TORO ADR COM 927191106 1,962,225 91,800 1 1 91,800
WAL MART STORES INC COM 931142103 609,069 11,150 1 1 11,150
2,191,829 40,125 1 2 40,125
WALGREEN CO COM 931422109 609,171 13,825 1 1 13,825
2,834,327 64,325 1 2 64,325
WANT WANT HOLDINGS COM 513994103 788,950 1,018,000 1 1 1,018,000
WARNER LAMBERT CO COM 934488107 7,329,162 97,075 1 1 97,075
2,217,812 29,375 1 2 29,375
WASTE MANAGEMENT INC COM 94106L109 720,938 15,000 1 1,2 15,000
WEBS Index Fd Inc Japan COM 92923H88 1,562,600 195,325 1 1 195,325
WILLIAMS COS INC DEL COM 969457100 23,248,544 808,645 1 1 808,645
1,840,000 64,000 1 1,2 64,000
2,138,281 74,375 1 2 74,375
XEROX CORP COM 984121103 1,610,250 19,000 1 2 19,000
YPF SOCIEODAD ANONIMA COM 984245100 1,456,000 56,000 1 1,2 56,000
ZALE CORP COM 988858106 8,487,000 331,200 1 1 331,200
Common Stock Argentina
- ----------------------
PEREZ COMPANC COM 2681931 2,324,295 570,312 1 1 570,312
Common Stock Australia
- ----------------------
ACACIA RESOURCES LTD. COM 6005582 2,252,827 1,605,000 1 1 1,605,000
AURORA GOLD LTD. COM 6068615 651,474 1,000,000 1 1 1,000,000
DELTA GOLD COM 6260660 1,258,470 900,000 1 1 900,000
EMPEROR MINES LIMITED COM 6313508 156,612 607,900 1 1 607,900
FOSTER BREWING COM 6349268 4,479,262 2,055,200 1 1 2,055,200
GREAT CENTRAL MINES COM 6383794 223,870 280,000 1 1 280,000
LIHIR GOLD LTD. COM 6518596 710,107 550,000 1 1 550,000
MACRAES MINING CO. COM 6551773 36,127 200,000 1 1 200,000
MENZIES GOLD COM 6578277 134,944 1,470,000 1 1 1,470,000
MIM HOLDINGS ORD COM 6550167 477,234 1,020,000 1 1 1,020,000
NEWCREST MINING LTD. COM 6637101 129,110 100,000 1 1 100,000
NIUGINI MINING LIMITED COM 6643153 824,633 493,750 1 1 493,750
NORMANDY POSEIDON COM 6645201 1,479,064 1,752,539 1 1 1,752,539
OTTER GOLD MINES LTD. COM 6595782 293,163 450,000 1 1 450,000
<PAGE>
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>
OTTER GOLD MINES LTD.
(OPTIONS) COM 6662783 3,317 70,000 1 1 70,000
OTTER OPT 2003 COM 6122618 31,981 180,000 1 1 180,000
PASMINCO LIMITED COM 6671080 141,632 192,857 1 1 192,857
RANGER MINERALS N.L. COM 6723077 441,166 191,000 1 1 191,000
RESOLUTE LIMITED COM 6771430 201,195 292,857 1 1 292,857
SONS OF GWALIA NL COM 6821324 305,193 114,285 1 1 114,285
TELSTRA CORP INSTALLMENT COM 6085454 586,788 209,600 1 1 209,600
Common Stock Brazil
- -------------------
COTEMINAS (PREF) COM 2229212 544,931 5,167,000 1 1 5,167,000
EMPESA NACIONAL COM 2089234 22,915 13,580,000 1 1 13,580,000
LIGHT SERVICOS DE
ELECTICIDADE SA ON COM 2516668 1,852,170 5,702,000 1 1 5,702,000
PETROBRAS PFD COM 2684532 729,731 7,148,000 1 1 7,148,000
SOUZA CRUZ S.A. COM 283214 1,366,725 194,000 1 1 194,000
TELEBRAS PN COM 2879888 4,049,806 12,000,000 1 1 12,000,000
TELEC DO RIO JANEIRO
SA-PREF COM 287996 403,715 14,500,000 1 1 14,500,000
TELESP COM 2882541 1,379,492 9,506,000 1 1 9,506,000
Common Stock Canada
- -------------------
ADRIAN RES LTD COM 00733P108 30,139 100,000 1 1 100,000
ATNA RESOURCES LTD. COM 04957f101 74,405 167,000 1 1 167,000
BARRICK GOLD INSTL.
RECEIPTS COM 067901306 1,313,682 100,000 1 1 100,000
BATTLE MTN GOLD CO COM 071593990 398,583 100,344 1 1 100,344
BLACK HAWK MINING COM 092077106 11,466 100,000 1 1 100,000
DAYTON MINING CORPORATION
RESTRICTED COM 239902984 36,855 100,000 1 1 100,000
DAYTON MNG CORP COM 239902109 114,251 310,000 1 1 310,000
ELDORADO GOLD CORP COM 284901907 28,757 77,000 1 1 77,000
ETRUSCAN ENTERPRISES LTD COM 29786L102 52,089 50,000 1 1 50,000
FRANCISCO GOLD CORP COM 351902101 217,200 30,000 1 1 30,000
FRANCO NEV MNG LTD COM 351860101 726,948 35,000 1 1 35,000
FRANCO NEVADA MINING
CORP. LTD. COM 351860101 415,399 20,000 1 1 20,000
GEOMAQUE EXPLS LTD COM 37247E104 454,344 433,400 1 1 433,400
GOLD RESERVE CORPORATION COM 380687103 114,661 100,000 1 1 100,000
GOLDCORP. INC. A COM 380956102 570,846 170,000 1 1 170,000
GOLDEN KNIGHT RESOURCES COM 381090109 84,460 275,000 1 1 275,000
IAMGOLD INTL COM 450913108 356,530 110,600 1 1 110,600
INTERNATIONAL PURSUIT
RESTRICTED COM 46022d926 36,691 112,000 1 1 112,000
KINROSS GOLD CORPORATION COM 496902107 802,624 400,000 1 1 400,000
MERIDIAN GOLD INC COM 589975101 891,076 200,000 1 1 200,000
MINEFINDERS CORP COM 602900995 47,175 60,000 1 1 60,000
NEVSUN RES LTD COM 64156L101 20,639 50,000 1 1 50,000
NEVSUN RESTRICTED COM 641561986 20,639 50,000 1 1 50,000
<PAGE>
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>
NEW VENORO GOLD CORP COM 648908101 745 22,750 1 1 22,750
PAN AMERICAN RESTRICTED
SILVER COM 697900900 1,689,932 285,000 1 1 285,000
PAN AMERICAN SILVER COM 697900108 355,775 60,000 1 1 60,000
PANGEA GOLDFIELDS INC
RESTRICTED COM 69840r901 440,215 50,000 1 1 50,000
PRIME RESOURCES GROUP COM 74157L109 3,633,919 425,000 1 1 425,000
ROMARCO MINERALS INC COM 775903107 167,313 159,600 1 1 159,600
SAMAX GOLD, INC. COM 795915909 0 120,000 1 1 120,000
SILVER STD RESOURCES INC.COM 2218458 324,325 300,000 1 1 300,000
STEPPE GOLD RESOURCES
LTD RESTRICTED COM 858913981 22,932 500,000 1 1 500,000
SUTTON RESOURCES COM 869474403 73,710 30,000 1 1 30,000
TIOMIN RESOURCES INC. COM 887901908 64,210 350,000 1 1 350,000
VISTA GOLD COM 927926105 35,831 250,000 1 1 250,000
WESTERN COPPER HOLDINGS COM 95805J105 122,851 75,000 1 1 75,000
X-CAL RESOURCES COM 98370r106 144,145 500,000 1 1 500,000
YOGEN FRUZ WORLD COM 985902105 2,110,985 491,890 1 1 491,890
Common Stock Switzerland
- ------------------------
NESTLE AG REGD COM 4616696 7,136,106 3,587 1 1 3,587
NOVARTIS COM 5047831 9,293,975 5,798 1 1 5,798
RENTENANSTALT COM 5285868 3,448,375 7,687 1 1 7,687
ROCHE HLDG GENUSSCHEINE COM 4745772 9,138,185 849 1 1 849
Common Stock Czech Republic
- ---------------------------
SPT TELECOM AS CSK 1000 COM 4766610 219,123 16,970 1 1 16,970
Common Stock Germany
- --------------------
ALLIANZ COM 5231485 5,175,802 16,700 1 1 16,700
DRESDNER BANK COM 435587 1,038,307 27,900 1 1 27,900
FIELMANN AG COM 453674 5,176,340 133,100 1 1 133,100
KAMPS AG COM 5437078 980,073 18,100 1 1 18,100
RHOEN-KLINIKUM COM 471762 6,832,733 74,640 1 1 74,640
STO PREF COM 4854805 3,280,668 10,154 1 1 10,154
Common Stock Denmark
- --------------------
TELEDANMARK COM 4889874 7,636,531 76,910 1 1 76,910
Common Stock Spain
- ------------------
BANCO SANTANDER SA COM 545426 1,250,061 82,600 1 1 82,600
MAPFRE VIDA SEGUROS COM 5388671 2,698,103 69,692 1 1 69,692
TABACALERA SA COM 544401 9,746,857 437,500 1 1 437,500
TELEFONICA SA COM 488082 2,512,244 68,900 1 1 68,900
<PAGE>
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 France
- -------------------
ALCATEL ALSTHOM (CGE) COM 4216825 1,850,440 20,826 1 1 20,826
AXA-UAP COM 4026927 4,952,616 54,110 1 1 54,110
BANQUE NATIONALE DE
PARIS COM 413366 1,316,728 24,600 1 1 24,600
SEITA COM 4798839 7,619,039 131,800 1 1 131,800
SIDEL SA FF 10 PAR COM 5092433 3,965,514 57,880 1 1 57,880
VIVENDI COM 417592 8,569,909 43,040 1 1 43,040
Common Stock Great Britain
- --------------------------
AEGIS GROUP (144A) COM 0965756 1,521,435 1,059,500 1 1 1,059,500
AEGIS GROUP ORD COM 0965756 5,266,073 3,667,200 1 1 3,667,200
BRITISH TELECOM PLC COM 014084 7,379,590 547,600 1 1 547,600
CADBURY SCHWEPPES PLC COM 016124 4,582,802 353,900 1 1 353,900
CAPITA GROUP COM 0173474 4,030,780 391,400 1 1 391,400
DFS FURNITURE CO PLC COM 0242437 2,731,146 807,600 1 1 807,600
DIAGEO COM 023740 1,765,337 185,500 1 1 185,500
GLAXO WELLCOME COM 0371784 7,556,756 256,000 1 1 256,000
ORIFLAME INT'L ORD COM 0662217 226,870 100,000 1 1 100,000
POLYPIPE COM 0693808 2,136,051 1,208,600 1 1 1,208,600
PROVIDENT FINANCIAL COM 0701433 6,191,176 467,071 1 1 467,071
REGENT INNS COM 0730415 2,230,829 944,400 1 1 944,400
RENTOKIL INITIAL PLC COM 0732712 1,346,654 218,300 1 1 218,300
ROYAL BANK OF SCOTLAND COM 0754783 1,313,424 114,500 1 1 114,500
RTZ CORP ORD (REGD) COM 0718875 4,727,507 396,560 1 1 396,560
SMITHKLINE BEECHAM COM 013565 8,135,288 739,900 1 1 739,900
VODAFONE GROUP ORD COM 0719210 3,894,115 335,500 1 1 335,500
WIMPEY PLC COM 0971344 3,048,613 1,859,000 1 1 1,859,000
Common Stock Greece
- -------------------
AKTOR CONSTRUCTIONS COM 401824 132,196 14,700 1 1 14,700
ALPHA CREDIT COM 4235864 973,386 13,100 1 1 13,100
COMMERCIAL BANK OF
GREECE COM 421282 4,403,829 56,370 1 1 56,370
DELTA DAIRY PREF COM 4260189 908,409 100,240 1 1 100,240
ERGO BANK COM 4303073 1,216,368 15,100 1 1 15,100
HELLENIC TELECOMMUN COM 5051605 2,991,135 124,850 1 1 124,850
MICHANIKI SA COM 4588784 892,018 152,920 1 1 152,920
Common Stock Hong Kong
- ----------------------
CHINA RESOURCES BEIJING
LAND COM 619376 344,841 1,600,000 1 1 1,600,000
CHINA RESOURCES
ENTERPRISES COM 697245 9,099 10,000 1 1 10,000
JCG HOLDINGS LTD COM 6477493 1,744,647 9,656,000 1 1 9,656,000
MOULIN INTL HOLDING,LTD. COM 6606811 982,7131 1,365,000 1 1 11,365,000
MOULIN INTL WARRANTS COM w213257 694 119,416 1 1 119,416
<PAGE>
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>
MOULIN INTL. HOLDINGS,
LTD. WARRANTS COM 6037046 6,979 1,201,666 1 1 1,201,666
Common Stock Hungary
- --------------------
ZALAKERAMIA COM 4992415 695,471 66,100 1 1 66,100
Common Stock Indonesia
- ----------------------
PT TELEKOMUNIKASI COM 687879 444,672 3,120,000 1 1 3,120,000
TAMBANG TIMAH (L) COM 6875730 768,096 1,758,000 1 1 1,758,000
Common Stock Ireland
- --------------------
ALLIED IRISH BANKS COM 4020684 3,280,734 224,000 1 1 224,000
RYANAIR HOLDINGS COM 0038227 1,974,126 300,210 1 1 300,210
Common Stock Israel
- -------------------
BANK HAPOALIM LTD COM 607580 2,615,321 1,071,000 1 1 1,071,000
Common Stock India
- ------------------
HINDUSTAN PETROLEUM COM 6428394 1,740,636 253,200 1 1 253,200
Common Stock Italy
- ------------------
BANCA NAZIONALE LAVORO COM 5528604 2,152,670 836,000 1 1 836,000
ISTITUT NAZ ASSICUR COM 453493 4,099,833 1,607,300 1 1 1,607,300
MEDIOLANUM SPA COM 5060883 3,161,980 138,100 1 1 138,100
TELECOM ITALIA COM 5297506 5,874,944 859,500 1 1 859,500
Common Stock Japan
- ------------------
AMWAY JAPAN COM 6028976 1,065,236 145,000 1 1 145,000
ASAHI DIAMOND INDUS CO
LTD COM 605478 3,134,439 780,000 1 1 780,000
BENESSE CORPORATION COM 612192 2,010,226 50,300 1 1 50,300
BUNKA SHUTTER COM 615246 826,917 402,000 1 1 402,000
DOUTOR COFFEE COM 6285210 3,452,541 124,000 1 1 124,000
HOUSE FOODS COM 644050 2,198,427 175,000 1 1 175,000
ITO-YOKADO CO LTD COM 646794 1,766,823 37,000 1 1 37,000
MOS FOOD SERVICES COM 660583 3,563,766 294,000 1 1 294,000
NATIONAL HOUSE
INDUSTRIAL CO. COM 6625720 5,148,397 730,000 1 1 730,000
NIPPON FLOUR MILLS COM 664074 2,021,818 949,000 1 1 949,000
NISSHIN FLOUR MILLING COM 664096 2,511,717 345,000 1 1 345,000
ORIENTAL LAND CO LTD COM 664889 617,411 17,400 1 1 17,400
PARIS MIKI INC COM 666720 899,674 66,920 1 1 66,920
<PAGE>
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>
RINNAI CORP COM 674058 2,422,670 154,100 1 1 154,100
SNOW BRAND MILK PRODUCTS
CO. COM 6818401 2,946,098 971,000 1 1 971,000
SUMITOMO FORESTRY CO LTD COM 685886 2,172,333 442,000 1 1 442,000
TIEMCO COM 6878881 300,360 48,100 1 1 48,100
YORK-BENIMARU COM 698695 4,313,839 183,500 1 1 183,500
Common Stock Mexico
- -------------------
BANACCI 'B' COM 2393184 1,272,717 1,441,000 1 1 1,441,000
BANCOMER 'B' COM 2074229 1,146,417 6,490,000 1 1 6,490,000
CIE COM 2224347 371,187 236,400 1 1 236,400
CORPORACION GEO 'B' COM 222934 447,497 228,000 1 1 228,000
GRUPO INDS MASECA B COM 2390572 1,414,330 2,088,700 1 1 2,088,700
GRUPO INDUSTIAL SALTILLO COM 2396376 472,522 214,000 1 1 214,000
GRUPO MEXICO A2 COM 2399502 1,362,552 534,016 1 1 534,016
INDUSTRAS PENOLES S.A. COM 2448200 2,874,875 945,000 1 1 945,000
SAN LUIS CPO COM 2388942 483,901 290,056 1 1 290,056
Common Stock Malaysia
- ---------------------
AUSTRAL ENTERPRISES COM 6067827 458,149 558,000 1 1 558,000
BERJAYA SPORTS TOTO COM 6331566 840,003 1,064,000 1 1 1,064,000
HAP SENG CONSOLIDATED COM 6297743 571,423 987,000 1 1 987,000
HIGHLANDS & LOWLANDS COM 6425856 383,496 759,000 1 1 759,000
KUALA LUMPUR KEPONG
BERHAD COM 6497446 1,086,303 969,000 1 1 969,000
MAGNUM CORP COM 6554006 723,397 2,618,000 1 1 2,618,000
Common Stock Netherlands
- ------------------------
AHOLD COM 525250 9,309,280 311,700 1 1 311,700
KONINKLIJKE KPN NV COM 549080 3,782,073 122,500 1 1 122,500
NUMICO COM 540260 1,822,610 53,600 1 1 53,600
Common Stock Norway
- -------------------
SAGA PETROLEUM A.S COM 4768025 5,187,204 505,200 1 1 505,200
STOREBRAND ASA COM 485283 5,781,910 839,160 1 1 839,160
Common Stock Peru
- -----------------
COMPANIA BUENAVENTURA OR COM 2206282 925,552 157,009 1 1 157,009
Common Stock Philippines
- ------------------------
AYALA CORP. COM 6087063 327,299 2,892,800 1 1 2,892,800
C&P HOMES COM 6174136 196,318 36,548,600 1 1 36,548,600
FILINVEST LAND COM 6341446 471,397 19,096,000 1 1 19,096,000
FORTUNE CEMENT COM 6349194 242,708 7,079,000 1 1 7,079,000
<PAGE>
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>
INTL CONTAINER TERMINAL COM 6455819 16,260 474,261 1 1 474,261
IONICS CIRCUITS COM 6459101 659,244 3,795,000 1 1 3,795,000
UNIVERSA ROBINA COM 6919519 287,705 7,404,200 1 1 7,404,200
Common Stock Poland
- -------------------
ELEKTRIM (PLN) COM 4320102 1,524,198 150,442 1 1 150,442
Common Stock Portugal
- ---------------------
PORTUGAL TELECOM ORDS COM 4676203 2,031,092 55,864 1 1 55,864
Common Stock Sweden
- -------------------
CASTELLUM COM 5232808 4,868,895 492,200 1 1 492,200
SWEDISH MATCH COM 5048566 5,496,502 1,764,857 1 1 1,764,857
Common Stock Singapore
- ----------------------
KEPPEL FELS COM 6331469 1,191,676 1,073,600 1 1 1,073,600
SINGAPORE PRESS COM 681182 2,576,108 310,000 1 1 310,000
SINGAPORE TELECOM COM 681075 3,366,165 2,011,000 1 1 2,011,000
Common Stock Thailand
- ---------------------
ADVANCED AGRO PLC COM 6009335 1,295,320 1,706,800 1 1 1,706,800
Common Stock Turkey
- -------------------
AKBANK COM 4011127 169,687 12,078,880 1 1 12,078,880
ARCELIK COM 4051800 317,970 13,580,500 1 1 13,580,500
EREGLI DEMIR CELIK COM 4315197 523,505 7,004,000 1 1 7,004,000
PETROL OFISI COM 4688242 581,347 3,327,644 1 1 3,327,644
Common Stock South Africa
- -------------------------
ANGLO AMERICAN CORP OF
SOUTH AFRICA LTD COM 603252 428,060 15,000 1 1 15,000
ANGLO AMERICAN PLATINUM COM 6761000 346,603 140,554 1 1 140,554
ANGLOGOLD LIMITED COM 6110129 9,302,674 177,597 1 1 177,597
AVGOLD LTD. COM 6049933 255,191 447,918 1 1 447,918
AVMIN LTD. COM 6048082 497,448 750,000 1 1 750,000
BARNATO EXPLORATION LTD COM 6079479 102,041 150,000 1 1 150,000
DRIEFONTEIN CONSOLIDATED
LTD. COM 6280215 2,261,728 429,000 1 1 429,000
DURBAN ROODEPOORT DEEP
LTD. COM 6267780 857,998 262,080 1 1 262,080
DURBAN ROODEPOORT DEEP
LTD. (OPTIONS) COM 6288242 60,426 154,480 1 1 154,480
<PAGE>
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>
DURBAN ROODEPOORT DEEP
WARRANTS COM 6038113 10,316 33,700 1 1 33,700
FREE STATE DEV. & INV
CORP. COM 6351326 56,122 150,000 1 1 150,000
GENCOR LIMITED COM 6014889 209,115 116,000 1 1 116,000
GOLD FIELDS LTD. COM 6097084 1,570,906 235,037 1 1 235,037
GOLD FIELDS OF SOUTH
AFRICA LTD. COM 6376266 391,623 30,500 1 1 30,500
HARMONY GOLD MINING LTD. COM 6410562 1,829,498 387,657 1 1 387,657
IMPALA PLATINUM HOLDING
LTD. COM 6457804 345,237 28,000 1 1 28,000
JCI GOLD SHARES COM 6120708 20,933 27,352 1 1 27,352
LIBERTY LIFE ASSOC COM 6515047 872,814 57,600 1 1 57,600
NEW EAST DAGGAFONTEIN
MINES LTD. COM 6298520 251,700 200,000 1 1 200,000
NEW WITS LTD. COM 6633626 412,346 179,600 1 1 179,600
PGM INVESTMENTS COM 666801 34,265 29,200 1 1 29,200
RANDFONTEIN ESTATES GOLD
MINING CO. WIT COM 6723420 509,050 194,365 1 1 194,365
RANDFONTEIN OPT 07/01/02 COM 6102740 24,921 31,856 1 1 31,856
RANDGOLD & EXPLORATION COM 6734499 206,951 324,500 1 1 324,500
SASOL LIMITED COM 677745 343,749 75,000 1 1 75,000
ST. HELENA GOLD MINES
LTD. COM 6768409 1,110,312 352,900 1 1 352,900
WEST RAND CONSOLIDATED
MINES LTD. COM 6952406 231,292 200,000 1 1 200,000
WESTERN AREAS GOLD
MINING CO. LTD. COM 6953807 685,263 230,249 1 1 230,249
-------------
GRAND TOTAL 1,690,444,487
=============
</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).
