TALON ASSET MANAGEMENT INC
13F-HR, 2000-08-14
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<TABLE>
                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S>                            <C>              <C>       <C>      <C>      <C> <C>  <C>     <C>          <C>      <C>      <C>
A.M. Castle                    COM              148411101      416 50000.00 SH       DEFINED 01                    50000.00
AC Nielsen Corp.               COM              004833109     9921 450937.00SH       DEFINED 01                   450937.00
AFLAC, Inc.                    COM              001055102      279  6078.92 SH       DEFINED 01                     6078.92
Abbott Labs                    COM              002824100     1902 42691.00 SH       DEFINED 01                    42691.00
Alcatel  ADS                   COM              013904305    17801 267677.35SH       DEFINED 01                   267677.35
Ambac Financial Group          COM              023139108     1130 20600.00 SH       DEFINED 01                    20600.00
America Online                 COM              02364j104     2284 43300.00 SH       DEFINED 01                    43300.00
American Int'l Group           COM              026874107     4597 39123.00 SH       DEFINED 01                    39123.00
American Power Conversion Corp COM              029066107     6991 171303.00SH       DEFINED 01                   171303.00
Amli Residential Properties Tr COM              001735109      332 14088.00 SH       DEFINED 01                    14088.00
Andrew Corp                    COM              034425108     1386 41300.00 SH       DEFINED 01                    41300.00
Applied Power                  COM              038225108     1508 45000.00 SH       DEFINED 01                    45000.00
Baldwin & Lyons - Class A      COM              057755100      618 35550.00 SH       DEFINED 01                    35550.00
Bank Amer Corp                 COM              060505104      675 15704.66 SH       DEFINED 01                    15704.66
Baxter International           COM              071813109     1380 19623.00 SH       DEFINED 01                    19623.00
Belo (A.H.)                    COM              080555105    10864 627550.00SH       DEFINED 01                   627550.00
Borders Group Inc.             COM              099709107     1712 110000.00SH       DEFINED 01                   110000.00
Bristol-Myers Squibb           COM              110122108      268  4600.00 SH       DEFINED 01                     4600.00
British Pete PLC Amern Deposit COM              055622104      215  3790.00 SH       DEFINED 01                     3790.00
CD&L Inc                       COM              14983Y107       63 42200.00 SH       DEFINED 01                    42200.00
CNF Transportation             COM              12612w104    17250 758243.00SH       DEFINED 01                   758243.00
CVS Corp                       COM              585745102     6430 160742.00SH       DEFINED 01                   160742.00
Capital Trust - MD Class A     COM              14052H100     1183 295650.00SH       DEFINED 01                   295650.00
Carnival Corp.                 COM              143658102     1607 82400.00 SH       DEFINED 01                    82400.00
Catalina Marketing             COM              148867104      326  3200.00 SH       DEFINED 01                     3200.00
Celestica                      COM              15101q108      245  5000.00 SH       DEFINED 01                     5000.00
Champion Enterprises           COM              158496109      300 61600.00 SH       DEFINED 01                    61600.00
Comdisco, Inc.                 COM              200336105      246 11000.00 SH       DEFINED 01                    11000.00
Commercial Metals Company      COM              201723103      387 14059.00 SH       DEFINED 01                    14059.00
Compaq Computer Corp           COM              204493100     2841 111151.00SH       DEFINED 01                   111151.00
Corning, Inc.                  COM              219350105     4399 16300.00 SH       DEFINED 01                    16300.00
Danielson Holding              COM              236274106      934 191500.00SH       DEFINED 01                   191500.00
Dean Foods Company             COM              242361103    10774 340100.00SH       DEFINED 01                   340100.00
Diebold Inc.                   COM              253651103     1026 36800.00 SH       DEFINED 01                    36800.00
Disney                         COM              254687106     1534 39522.00 SH       DEFINED 01                    39522.00
Dynamex                        COM              26784F103        0 556300.00SH       DEFINED 01                   556300.00
E-Stamp Corporation            COM              269154100      114 60621.00 SH       DEFINED 01                    60621.00
EMC Corp                       COM              268648102     1508 19600.00 SH       DEFINED 01                    19600.00
Edwards Lifesciences           COM              28176e108      463 25000.00 SH       DEFINED 01                    25000.00
Elan Corp                      COM              284131208    10947 226007.00SH       DEFINED 01                   226007.00
Electro Scientific Industries  COM              285229100      440 10000.00 SH       DEFINED 01                    10000.00
Exxon-Mobil Corp               COM              30231g102      523  6661.18 SH       DEFINED 01                     6661.18
Furniture Brands Intl.         COM              360921100      760 50200.00 SH       DEFINED 01                    50200.00
General Electric               COM              369604103     7747 146166.00SH       DEFINED 01                   146166.00
Guidant Corporation            COM              401698105     7066 142755.00SH       DEFINED 01                   142755.00
H&R Block                      COM              093671105      971 30000.00 SH       DEFINED 01                    30000.00
Harcourt General               COM              41163G101     3986 73300.00 SH       DEFINED 01                    73300.00
Harris Corp.                   COM              413875105     7392 225700.00SH       DEFINED 01                   225700.00
Home Depot, Inc.               COM              437076102      390  7800.00 SH       DEFINED 01                     7800.00
Houghton Mifflin               COM              441560109    11648 249480.17SH       DEFINED 01                   249480.17
IMS Health, Inc.               COM              449934108      594 33000.00 SH       DEFINED 01                    33000.00
Illinois Tool Works            COM              452308109      339  5940.00 SH       DEFINED 01                     5940.00
Information Resources          COM              456905108      681 173000.00SH       DEFINED 01                   173000.00
Ingram Micro A                 COM              457153104      715 41000.00 SH       DEFINED 01                    41000.00
Int'l Business Machines        COM              459200101     5639 51470.00 SH       DEFINED 01                    51470.00
Legato Systems                 COM              524651106      514 34000.00 SH       DEFINED 01                    34000.00
Leggett & Platt                COM              524660107      827 50100.00 SH       DEFINED 01                    50100.00
Liberty Media Group - Class A  COM              87924v507     7535 310918.00SH       DEFINED 01                   310918.00
Magna Entertainment Inc        COM              559111075     1048 160900.00SH       DEFINED 01                   160900.00
Magna International            COM              559222401    10463 221440.00SH       DEFINED 01                   221440.00
Mallon  Resources              COM              561240201     1309 147500.00SH       DEFINED 01                   147500.00
Manpower, Inc.                 COM              56418h100     7056 220495.00SH       DEFINED 01                   220495.00
Mattel                         COM              577081102    11571 877400.00SH       DEFINED 01                   877400.00
McKesson HBOC                  COM              58155q103     3719 177600.00SH       DEFINED 01                   177600.00
MediaOne Group, Inc.           COM              58440j104      233  3500.00 SH       DEFINED 01                     3500.00
Mellon Financial Corp          COM              58551a108     1873 51400.00 SH       DEFINED 01                    51400.00
Mentor Graphics                COM              587200106     7835 394200.00SH       DEFINED 01                   394200.00
Merck & Co.                    COM              589331107      732  9552.00 SH       DEFINED 01                     9552.00
Microsoft                      COM              594918104     2040 25501.00 SH       DEFINED 01                    25501.00
Miller Industries              COM              600551105       47 25900.00 SH       DEFINED 01                    25900.00
Minnesota Mining & Manufacturi COM              604059105      515  6205.00 SH       DEFINED 01                     6205.00
Molex, Inc. - Class A          COM              608554200     2473 70654.00 SH       DEFINED 01                    70654.00
Morgan Stanley Dean Witter & C COM              617446448      233  2800.00 SH       DEFINED 01                     2800.00
Motorola                       COM              620076109      564 18600.00 SH       DEFINED 01                    18600.00
New York Times                 COM              650111107     2410 61000.00 SH       DEFINED 01                    61000.00
Northern Trust Corp            COM              665859104      569  8740.00 SH       DEFINED 01                     8740.00
Nutraceutical Int'l            COM              67060Y101      988 310000.00SH       DEFINED 01                   310000.00
Pfizer, Inc.                   COM              717081103      788 16425.00 SH       DEFINED 01                    16425.00
Pico Holdings                  COM              693366205      631 57400.00 SH       DEFINED 01                    57400.00
ProLogis                       COM              743410102      887 41600.00 SH       DEFINED 01                    41600.00
Protocol Systems, Inc.         COM              74371r106     5076 318500.00SH       DEFINED 01                   318500.00
Qwest Communications Intl      COM              749121109      266  5328.03 SH       DEFINED 01                     5328.03
Reader's Digest Class A        COM              755267101     3025 76100.00 SH       DEFINED 01                    76100.00
Robotic Vision Systems, Inc.   COM              771074101     6987 388162.00SH       DEFINED 01                   388162.00
Rocky Mountain Chocolate Facto COM              774678403      116 24400.00 SH       DEFINED 01                    24400.00
Royal Caribbean Cruises        COM              v7780t103     4328 233948.00SH       DEFINED 01                   233948.00
Rural Metro                    COM              781748108      154 95000.00 SH       DEFINED 01                    95000.00
Ryerson Tull, Inc.             COM              78375p107     1280 123350.00SH       DEFINED 01                   123350.00
SBC Communications, Inc.       COM              78387g103     1114 25755.00 SH       DEFINED 01                    25755.00
Saks, Inc.                     COM              79377w108     6236 593945.00SH       DEFINED 01                   593945.00
Sara Lee                       COM              803111103     1472 76200.00 SH       DEFINED 01                    76200.00
Scholastic International       COM              807066105      245  4000.00 SH       DEFINED 01                     4000.00
Scientific Atlanta             COM              808655104      298  4000.00 SH       DEFINED 01                     4000.00
Sensormatic Electronics        COM              817265101     8106 512631.00SH       DEFINED 01                   512631.00
Sigma Aldrich                  COM              826552101      439 15000.00 SH       DEFINED 01                    15000.00
Snowball.Com                   COM              83335r107      244 50000.00 SH       DEFINED 01                    50000.00
Solectron Corp                 COM              834182107     3522 84100.00 SH       DEFINED 01                    84100.00
Southwest Airlines Company     COM              844741108     1227 64800.00 SH       DEFINED 01                    64800.00
Sprint Corp - FON Group        COM              852061100     6584 129100.00SH       DEFINED 01                   129100.00
Symantec Corp                  COM              871503108      227  4200.00 SH       DEFINED 01                     4200.00
Symbol Technologies            COM              871508107     7717 142801.00SH       DEFINED 01                   142801.00
Tech Data Corp.                COM              878237106      828 19000.00 SH       DEFINED 01                    19000.00
Tellabs, Inc.                  COM              879664100    11237 164200.00SH       DEFINED 01                   164200.00
Thomas & Betts                 COM              884315102     1153 60300.00 SH       DEFINED 01                    60300.00
True North Communications      COM              897844106    10946 248768.00SH       DEFINED 01                   248768.00
Tyler Technologies Inc.        COM              902252105      513 200000.00SH       DEFINED 01                   200000.00
UniFirst                       COM              904708104     1020 129500.00SH       DEFINED 01                   129500.00
Unilever NV                    COM              904784709     1173 27300.00 SH       DEFINED 01                    27300.00
Unisys Corp                    COM              909214108     7569 519750.00SH       DEFINED 01                   519750.00
Viacom - Class B               COM              925524308     7173 105194.00SH       DEFINED 01                   105194.00
Wal-Mart Stores                COM              931142103     3563 61830.00 SH       DEFINED 01                    61830.00
Walgreen                       COM              931422109      586 18200.00 SH       DEFINED 01                    18200.00
Wallace Computer Services      COM              932270101     1768 179000.00SH       DEFINED 01                   179000.00
WorldCom, Inc.                 COM              55268b106      512 11160.00 SH       DEFINED 01                    11160.00
AFLAC, Inc.                    RET EQ           001055102      230  5000.00 SH       DEFINED 01                     5000.00
Abbott Labs                    RET EQ           002824100      268  6016.00 SH       DEFINED 01                     6016.00
Accuhealth, Inc.               RET EQ           004380101        2 12000.00 SH       DEFINED 01                    12000.00
Acorn Investment Trust - Commo RET EQ           004851101      295 17112.26 SH       DEFINED 01                    17112.26
Baxter International           RET EQ           071813109      253  3600.00 SH       DEFINED 01                     3600.00
Dynamex, Inc.                  RET EQ           26784F103       98 44960.00 SH       DEFINED 01                    44960.00
El Paso Natural Gas            RET EQ           283677854      214  4200.00 SH       DEFINED 01                     4200.00
General Electric               RET EQ           369604103      597 11268.00 SH       DEFINED 01                    11268.00
Intel Corp                     RET EQ           458140100      334  2500.00 SH       DEFINED 01                     2500.00
Microsoft                      RET EQ           594918104      224  2800.00 SH       DEFINED 01                     2800.00
Pfizer, Inc.                   RET EQ           717081103      238  4950.00 SH       DEFINED 01                     4950.00
Pharmacia Corp                 RET EQ           71713u102      233  4500.00 SH       DEFINED 01                     4500.00
Procter & Gamble               RET EQ           742718109      448  7900.00 SH       DEFINED 01                     7900.00
U.S. Realtel  {RESTRICTED}     RET EQ           902979103      236 32500.00 SH       DEFINED 01                    32500.00
Walgreen                       RET EQ           931422109      220  6848.00 SH       DEFINED 01                     6848.00
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