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UNITES STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended JUNE 30, 1999.
- --------------------------------------------------------------------------------
(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
- --------------------------------------------------------------------------------
If amended report check here: [ ]
DEPRINCE, RACE & ZOLLO, INC.
- --------------------------------------------------------------------------------
Name of Institutional Investment Manager
201 SOUTH ORANGE AVENUE, SUITE 850, ORLANDO, FL 32801
- --------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
JOHN D. RACE, PARTNER
- --------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
- -----------------------------------ATTENTION------------------------------------
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).
- --------------------------------------------------------------------------------
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of ORLANDO and State of FLORIDA on the 11th day of
AUGUST, 1999.
JOHN D. RACE
------------------------------------------
(Name of Institutional Investment Manager)
/s/ JOHN D. RACE
-------------------------------------------
(Manual Signature of Person Duly Authorized
to Submit This Report)
Name and 13F file number of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report): (LIST
IN ALPHABETICAL ORDER).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.: Name: 13F File No.
- ---------------------------- ------------- --------------------- ------------
1. 6.
- ---------------------------- ------------- --------------------- ------------
2. 7.
- ---------------------------- ------------- --------------------- ------------
3. 8.
- ---------------------------- ------------- --------------------- ------------
4. 9.
- ---------------------------- ------------- --------------------- ------------
5. 10.
- ---------------------------- ------------- --------------------- ------------
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 1 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AAR CORP COM COM 000361105 9,485,644.00 418,100
- ----------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS COM COM 002824100 458,287.00 10,100
- ----------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC COM COM 009158106 14,920,675.00 370,700
- ----------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY TELEDYNE INC COM COM 017415100 16,080,750.00 710,751
- ----------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP COM COM 020002101 13,001,100.00 362,400
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM COM 02364J104 308,000.00 2,800
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM COM 025816109 780,750.00 6,000
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM COM 026609107 384,412.00 6,700
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM COM 026874107 762,125.00 6,500
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN MED SEC GROUP COM COM 02744p101 3,393,075.00 393,400
- ----------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP NEW COM COM 030954101 10,679,550.00 145,300
- ----------------------------------------------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM COM 035710409 8,128,125.00 722,500
- ----------------------------------------------------------------------------------------------------------------------------------
ASSOCIATES FIRST CAP CL A CLA 046008108 516,262.00 11,700
- ----------------------------------------------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM COM 04638f108 523,009.00 76,074
- ----------------------------------------------------------------------------------------------------------------------------------
BANC ONE CORP COM COM 06423a103 29,107,122.00 488,682
- ----------------------------------------------------------------------------------------------------------------------------------
BANCO LATINOAM DE EXPO CL E CLE P16994132 2,458,325.00 91,900
- ----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMERICA CORP COM 060505104 27,587,420.00 376,299
- ----------------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CL A CLA 065412108 13,442,719.00 334,500
- ----------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC COM COM 71813109 27,687,437.00 456,700
- ----------------------------------------------------------------------------------------------------------------------------------
BEC ENERGY COM COM 05538m101 7,433,250.00 180,200
==================================================================================================================================
Column Total 187,138,037.00
==================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. ---------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
AAR CORP COM X 418,100
- -----------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS COM X 10,100
- -----------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC COM X 370,700
- -----------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY TELEDYNE INC COM X 710,751
- -----------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP COM X 362,400
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM X 2,800
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM X 6,000
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM X 6,700
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM X 6,500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN MED SEC GROUP COM X 393,400
- -----------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP NEW COM X 145,300
- -----------------------------------------------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM X 722,500
- -----------------------------------------------------------------------------------------------------------------------------------
ASSOCIATES FIRST CAP CL A X 11,700
- -----------------------------------------------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM X 76,074
- -----------------------------------------------------------------------------------------------------------------------------------
BANC ONE CORP COM X 488,682
- -----------------------------------------------------------------------------------------------------------------------------------
BANCO LATINOAM DE EXPO CL E X 91,900
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMERICA CORP X 376,299
- -----------------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CL A X 334,500
- -----------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC COM X 456,700
- -----------------------------------------------------------------------------------------------------------------------------------
BEC ENERGY COM X 180,200
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 2 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
BESTFOODS COM COM 08658U101 27,729,900.00 560,200
- ------------------------------------------------------------------------------------------------------------------------------------
BLOCK DRUG INC COM 093644102 4,420,876.00 106,048
- ------------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC COM COM 093671105 25,920,000.00 518,400
- ------------------------------------------------------------------------------------------------------------------------------------
BOB EVANS FARMS INC COM COM 096761101 7,588,275.00 381,800
- ------------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM COM 097383103 20,961,587.00 488,900
- ------------------------------------------------------------------------------------------------------------------------------------
BOWATER INC COM COM 102183100 18,528,362.00 391,100
- ------------------------------------------------------------------------------------------------------------------------------------
BOWNE & CO INC COM COM 103043105 8,382,112.00 626,700
- ------------------------------------------------------------------------------------------------------------------------------------
BREED TECHNOLOGIES INC COM COM 106702103 668,925.00 297,300
- ------------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM COM 110122108 711,419.00 10,100
- ------------------------------------------------------------------------------------------------------------------------------------
BURLINGTON NRTHN SANTA COM COM 12189T104 23,498,000.00 758,000
- ------------------------------------------------------------------------------------------------------------------------------------
CARAUSTAR INDS COM 140909102 844,312.00 34,200
- ------------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CL A CLA 143658102 577,150.00 11,900
- ------------------------------------------------------------------------------------------------------------------------------------
CATO CORP NEW CL A CLA 149205106 9,587,137.00 824,700
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURY ALUM CO COM COM 156431108 219,037.00 35,400
- ------------------------------------------------------------------------------------------------------------------------------------
CFW COMMUNICATIONS COM COM 124923103 2,526,850.00 104,200
- ------------------------------------------------------------------------------------------------------------------------------------
CHIQUITA BRANDS INTL COM COM 170032106 1,672,200.00 185,800
- ------------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM COM 171232101 19,286,250.00 277,500
- ------------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP COM COM 172474108 15,180,800.00 474,400
- ------------------------------------------------------------------------------------------------------------------------------------
CIRCLE INTL GROUP INC COM COM 172574105 1,187,812.00 54,300
- ------------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM COM 17275R102 760,362.00 11,800
====================================================================================================================================
Column Total 190,251,366.00
====================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. ---------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
BESTFOODS COM X 560,200
- -----------------------------------------------------------------------------------------------------------------------------------
BLOCK DRUG INC X 106,048
- -----------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC COM X 518,400
- -----------------------------------------------------------------------------------------------------------------------------------
BOB EVANS FARMS INC COM X 381,800
- -----------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM X 488,900
- -----------------------------------------------------------------------------------------------------------------------------------
BOWATER INC COM X 391,100
- -----------------------------------------------------------------------------------------------------------------------------------
BOWNE & CO INC COM X 626,700
- -----------------------------------------------------------------------------------------------------------------------------------
BREED TECHNOLOGIES INC COM X 297,300
- -----------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM X 10,100
- -----------------------------------------------------------------------------------------------------------------------------------
BURLINGTON NRTHN SANTA COM X 758,000
- -----------------------------------------------------------------------------------------------------------------------------------
CARAUSTAR INDS X 34,200
- -----------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CL A X 11,900
- -----------------------------------------------------------------------------------------------------------------------------------
CATO CORP NEW CL A X 824,700
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURY ALUM CO COM X 35,400
- -----------------------------------------------------------------------------------------------------------------------------------
CFW COMMUNICATIONS COM X 104,200
- -----------------------------------------------------------------------------------------------------------------------------------
CHIQUITA BRANDS INTL COM X 185,800
- -----------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM X 277,500
- -----------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP COM X 474,400
- -----------------------------------------------------------------------------------------------------------------------------------
CIRCLE INTL GROUP INC COM X 54,300
- -----------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM X 11,800
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 3 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
COCA COLA CO COM COM 191216100 533,200.00 8,600
- -----------------------------------------------------------------------------------------------------------------------------------
COHOES BANCORP INC COM COM 192513109 184,800.00 15,400
- -----------------------------------------------------------------------------------------------------------------------------------
COHU INC COM COM 192576106 5,677,687.00 160,500
- -----------------------------------------------------------------------------------------------------------------------------------
COLLAGEN CORP COM COM 194194106 3,223,000.00 234,400
- -----------------------------------------------------------------------------------------------------------------------------------
COLLINS INDS INC COM COM 194858106 285,600.00 47,600
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM COM 197648108 16,919,356.00 269,900
- -----------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH ENERGY SY COM SH BEN INT COM 202800108 2,614,920.00 62,260
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER INDS INC COM COM 216669101 23,545,600.00 452,800
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER TIRE & RUBR CO COM COM 216831107 14,198,625.00 601,000
- -----------------------------------------------------------------------------------------------------------------------------------
COSTCO COMPANIES INC COM COM 22160Q102 576,450.00 7,200
- -----------------------------------------------------------------------------------------------------------------------------------
COURIER CORP COM COM 222660102 290,950.00 12,650
- -----------------------------------------------------------------------------------------------------------------------------------
ZAPATA CORP COM NEW COM 989070503 5,324,400.00 626,400.00
- -----------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM COM 126650100 395,850.00 7,800
- -----------------------------------------------------------------------------------------------------------------------------------
CYPRUS AMAX MINERALS COM COM 232809103 15,368,950.00 1,007,800
- -----------------------------------------------------------------------------------------------------------------------------------
DATA RESH ASSOC INC COM COM 237853106 176,375.00 17,000
- -----------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM COM 242361103 24,642,406.00 592,900
- -----------------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A CLA 257870105 363,687.00 23,000
- -----------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM COM 268648102 649,000.00 11,800
- -----------------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM COM 276317104 413,806.00 23,150
- -----------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM COM 277461109 24,376,450.00 359,800
===================================================================================================================================
Column Total 139,761,112.00
===================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. ---------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
COCA COLA CO COM X 8,600
- -----------------------------------------------------------------------------------------------------------------------------------
COHOES BANCORP INC COM X 15,400
- -----------------------------------------------------------------------------------------------------------------------------------
COHU INC COM X 160,500
- -----------------------------------------------------------------------------------------------------------------------------------
COLLAGEN CORP COM X 234,400
- -----------------------------------------------------------------------------------------------------------------------------------
COLLINS INDS INC COM X 47,600
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM X 269,900
- -----------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH ENERGY SY COM SH BEN INT X 62,260
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER INDS INC COM X 452,800
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER TIRE & RUBR CO COM X 601,000
- -----------------------------------------------------------------------------------------------------------------------------------
COSTCO COMPANIES INC COM X 7,200
- -----------------------------------------------------------------------------------------------------------------------------------
COURIER CORP COM X 12,650
- -----------------------------------------------------------------------------------------------------------------------------------
ZAPATA CORP COM NEW X 626,400.00
- -----------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM X 7,800
- -----------------------------------------------------------------------------------------------------------------------------------
CYPRUS AMAX MINERALS COM X 1,007,800
- -----------------------------------------------------------------------------------------------------------------------------------
DATA RESH ASSOC INC COM X 17,000
- -----------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM X 592,900
- -----------------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A X 23,000
- -----------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM X 11,800
- -----------------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM X 23,150
- -----------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM X 359,800
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 4 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
EG & G INC COM COM 268457108 31,645,687.00 888,300
- -----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM COM 291011104 27,409,281.00 435,500
- -----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM COM 292896107 325,875.00 23,700
- -----------------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM COM 293389102 4,895,181.00 571,700
- -----------------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM COM 306075102 292,381.00 28,700
- -----------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM COM 313586109 498,225.00 7,300
- -----------------------------------------------------------------------------------------------------------------------------------
FELCOR LODGING TRUST COM 31430F101 6,803,925.00 327,900
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST VA BANKS INC COM COM 337477103 12,651,652.00 257,540
- -----------------------------------------------------------------------------------------------------------------------------------
FLOWERS INDS INC COM COM 343496105 17,013,844.00 784,500
- -----------------------------------------------------------------------------------------------------------------------------------
FORTUNE BRANDS COM 349631101 21,672,225.00 523,800
- -----------------------------------------------------------------------------------------------------------------------------------
FREDS INC CL A CLA 356108100 5,717,187.00 365,900
- -----------------------------------------------------------------------------------------------------------------------------------
FSF FINL CORP COM COM 30262k105 144,712.00 10,200
- -----------------------------------------------------------------------------------------------------------------------------------
GAP INC DEL COM COM 364760108 714,066.00 14,175
- -----------------------------------------------------------------------------------------------------------------------------------
GARAN INC COM COM 364802108 18,394,775.00 572,600
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL CABLE DEL NEW COM COM 369300108 14,756,800.00 922,300
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM COM 369604103 1,107,400.00 9,800
- -----------------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO COM COM 372460105 19,267,500.00 550,500
- -----------------------------------------------------------------------------------------------------------------------------------
GEON CO COM COM 37246W105 9,607,275.00 297,900
- -----------------------------------------------------------------------------------------------------------------------------------
GIANT INDS INC COM COM 374508109 5,481,525.00 551,600
- -----------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM COM 375766102 455,100.00 11,100
===================================================================================================================================
Column Total 198,854,616.00
===================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. ---------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
EG & G INC COM X 888,300
- -----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM X 435,500
- -----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM X 23,700
- -----------------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM X 571,700
- -----------------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM X 28,700
- -----------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM X 7,300
- -----------------------------------------------------------------------------------------------------------------------------------
FELCOR LODGING TRUST X 327,900
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST VA BANKS INC COM X 257,540
- -----------------------------------------------------------------------------------------------------------------------------------
FLOWERS INDS INC COM X 784,500
- -----------------------------------------------------------------------------------------------------------------------------------
FORTUNE BRANDS X 523,800
- -----------------------------------------------------------------------------------------------------------------------------------
FREDS INC CL A X 365,900
- -----------------------------------------------------------------------------------------------------------------------------------
FSF FINL CORP COM X 10,200
- -----------------------------------------------------------------------------------------------------------------------------------
GAP INC DEL COM X 14,175
- -----------------------------------------------------------------------------------------------------------------------------------
GARAN INC COM X 572,600
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL CABLE DEL NEW COM X 922,300
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM X 9,800
- -----------------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO COM X 550,500
- -----------------------------------------------------------------------------------------------------------------------------------
GEON CO COM X 297,900
- -----------------------------------------------------------------------------------------------------------------------------------
GIANT INDS INC COM X 551,600
- -----------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM X 11,100
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 5 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
GREENBRIER COS INC COM COM 393657101 4,815,300.00 458,600
- ------------------------------------------------------------------------------------------------------------------------------------
GTE CORP COM 362320103 27,667,579.00 366,458
- ------------------------------------------------------------------------------------------------------------------------------------
HANNAFORD BROS CO COM COM 410550107 6,623,300.00 123,800
- ------------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL COM COM 413875105 24,719,475.00 630,800
- ------------------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM COM 419352109 11,087,200.00 692,950
- ------------------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM COM 421959107 15,822,031.00 2,322,500
- ------------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO COM COM 422893107 13,754,437.00 2,019,000
- ------------------------------------------------------------------------------------------------------------------------------------
HEINZ H J CO COM COM 423074103 24,466,012.00 488,100
- ------------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM COM 423319102 39,441,819.00 1,647,700
- ------------------------------------------------------------------------------------------------------------------------------------
HERCULES INC COM COM 427056106 23,622,881.00 600,900
- ------------------------------------------------------------------------------------------------------------------------------------
HOLLY CORP COM PAR $0.01 COM 435758305 12,006,737.00 897,700
- ------------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM COM 437076102 889,237.00 13,800
- ------------------------------------------------------------------------------------------------------------------------------------
HOWELL CORP COM COM 443051107 521,212.00 101,700
- ------------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC CL B CLB 443510201 26,975,437.00 594,500
- ------------------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES COM COM 446150104 6,447,000.00 184,200
- ------------------------------------------------------------------------------------------------------------------------------------
ICO INC COM NEW COM 449293109 1,348,625.00 1,078,900
- ------------------------------------------------------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC COM 45254p102 3,431,869.00 677,900
- ------------------------------------------------------------------------------------------------------------------------------------
INGLES MKTS INC CL A CLA 457030104 6,738,975.00 441,900
- ------------------------------------------------------------------------------------------------------------------------------------
INSTEEL INDUSTRIES INC COM COM 45774W108 382,500.00 42,500
- ------------------------------------------------------------------------------------------------------------------------------------
INSTRON CORP COM COM 457776102 265,275.00 13,100.00
====================================================================================================================================
Column Total 251,026,901.00
====================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. ---------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
GREENBRIER COS INC COM X 458,600
- -----------------------------------------------------------------------------------------------------------------------------------
GTE CORP X 366,458
- -----------------------------------------------------------------------------------------------------------------------------------
HANNAFORD BROS CO COM X 123,800
- -----------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL COM X 630,800
- -----------------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM X 692,950
- -----------------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM X 2,322,500
- -----------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO COM X 2,019,000
- -----------------------------------------------------------------------------------------------------------------------------------
HEINZ H J CO COM X 488,100
- -----------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM X 1,647,700
- -----------------------------------------------------------------------------------------------------------------------------------
HERCULES INC COM X 600,900
- -----------------------------------------------------------------------------------------------------------------------------------
HOLLY CORP COM PAR $0.01 X 897,700
- -----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM X 13,800
- -----------------------------------------------------------------------------------------------------------------------------------
HOWELL CORP COM X 101,700
- -----------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC CL B X 594,500
- -----------------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES COM X 184,200
- -----------------------------------------------------------------------------------------------------------------------------------
ICO INC COM NEW X 1,078,900
- -----------------------------------------------------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC X 677,900
- -----------------------------------------------------------------------------------------------------------------------------------
INGLES MKTS INC CL A X 441,900
- -----------------------------------------------------------------------------------------------------------------------------------
INSTEEL INDUSTRIES INC COM X 42,500
- -----------------------------------------------------------------------------------------------------------------------------------
INSTRON CORP COM X 13,100.00
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 6 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
INTEL CORP COM COM 458140100 761,600.00 12,800
- -----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE COM 459200101 853,050.00 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM COM 460690100 580,387.00 6,700
- -----------------------------------------------------------------------------------------------------------------------------------
ISB FINL CORP LA COM COM 450091103 12,450,650.00 579,100
- -----------------------------------------------------------------------------------------------------------------------------------
ITT INDS INC COM 450911102 1,982,500.00 52,000
- -----------------------------------------------------------------------------------------------------------------------------------
JAMESON INNS INC PFD CV S $1.70 PFD 470457300 1,306,687.00 101,000
- -----------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM COM 478160104 558,600.00 5,700
- -----------------------------------------------------------------------------------------------------------------------------------
JOHNSTON IND DEL COM COM 479368102 1,630,400.00 815,200
- -----------------------------------------------------------------------------------------------------------------------------------
KEITHLEY INSTRS INC COM COM 487584104 249,356.00 27,900
- -----------------------------------------------------------------------------------------------------------------------------------
KELLWOOD CO COM COM 488044108 8,886,150.00 327,600
- -----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP COM COM 492386107 19,347,281.00 385,500
- -----------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP COM COM 494368103 27,052,200.00 474,600
- -----------------------------------------------------------------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM COM 49842P103 1,273,500.00 84,900
- -----------------------------------------------------------------------------------------------------------------------------------
KN ENERGY COM 482620101 2,008,925.00 150,200
- -----------------------------------------------------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD ORD G5299G106 13,073,375.00 747,050
- -----------------------------------------------------------------------------------------------------------------------------------
LILLY ELI & CO COM COM 532457108 393,937.00 5,500
- -----------------------------------------------------------------------------------------------------------------------------------
LINDBERG CORP COM COM 535171102 241,875.00 21,500
- -----------------------------------------------------------------------------------------------------------------------------------
LONGS DRUG STORES CORP COM COM 543162101 27,124,650.00 784,800
- -----------------------------------------------------------------------------------------------------------------------------------
LSI INDS INC COM COM 50216C108 14,687,300.00 608,800
- -----------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES COM 549463107 559,731.00 8,300
===================================================================================================================================
Column Total 135,022,154.00
===================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. --------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
INTEL CORP COM X 12,800
- -----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE X 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM X 6,700
- -----------------------------------------------------------------------------------------------------------------------------------
ISB FINL CORP LA COM X 579,100
- -----------------------------------------------------------------------------------------------------------------------------------
ITT INDS INC X 52,000
- -----------------------------------------------------------------------------------------------------------------------------------
JAMESON INNS INC PFD CV S $1.70 X 101,000
- -----------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM X 5,700
- -----------------------------------------------------------------------------------------------------------------------------------
JOHNSTON IND DEL COM X 815,200
- -----------------------------------------------------------------------------------------------------------------------------------
KEITHLEY INSTRS INC COM X 27,900
- -----------------------------------------------------------------------------------------------------------------------------------
KELLWOOD CO COM X 327,600
- -----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP COM X 385,500
- -----------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP COM X 474,600
- -----------------------------------------------------------------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM X 84,900
- -----------------------------------------------------------------------------------------------------------------------------------
KN ENERGY X 150,200
- -----------------------------------------------------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD X 747,050
- -----------------------------------------------------------------------------------------------------------------------------------
LILLY ELI & CO COM X 5,500
- -----------------------------------------------------------------------------------------------------------------------------------
LINDBERG CORP COM X 21,500
- -----------------------------------------------------------------------------------------------------------------------------------
LONGS DRUG STORES CORP COM X 784,800
- -----------------------------------------------------------------------------------------------------------------------------------
LSI INDS INC COM X 608,800
- -----------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES X 8,300
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 7 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MARRIOTT INTL INC NEW CL A CLA 571903202 441,025.00 11,800
- -----------------------------------------------------------------------------------------------------------------------------------
MASCO CORP COM COM 574599106 430,237.00 14,900
- -----------------------------------------------------------------------------------------------------------------------------------
MAY DEPT.STORE COM 577778103 24,028,369.00 587,850
- -----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM COM 55262L100 523,687.00 17,100
- -----------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM COM 580135101 662,112.00 16,100
- -----------------------------------------------------------------------------------------------------------------------------------
MCN CORP COM 55267J100 8,768,950.00 422,600
- -----------------------------------------------------------------------------------------------------------------------------------
MDU RES GROUP INC COM COM 552690109 5,721,375.00 250,800
- -----------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC COM COM 585055106 568,487.00 7,300
- -----------------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM COM 589331107 846,687.00 11,500
- -----------------------------------------------------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM COM 589602101 316,507.00 44,422
- -----------------------------------------------------------------------------------------------------------------------------------
MET PRO CORP COM COM 590876306 203,750.00 16,300
- -----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP COM 594918104 1,190,475.00 13,200
- -----------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM COM 59563w104 506,123.00 31,387
- -----------------------------------------------------------------------------------------------------------------------------------
MILLENNIUM CHEMICALS COM COM 599903101 1,001,406.00 42,500
- -----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM COM 604059105 23,873,037.00 274,600
- -----------------------------------------------------------------------------------------------------------------------------------
MISSISSIPPI CHEM CORP COM 605288208 4,079,056.00 415,700
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL A CLA 606592202 9,768,262.00 505,800
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL B CLB 606592301 5,264,437.00 286,500
- -----------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP COM COM 607059102 6,502,687.00 65,850
- -----------------------------------------------------------------------------------------------------------------------------------
MOCON INC COM 607494101 537,562.00 91,500
===================================================================================================================================
Column Total 95,234,231.00
===================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. --------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
MARRIOTT INTL INC NEW CL A X 11,800
- -----------------------------------------------------------------------------------------------------------------------------------
MASCO CORP COM X 14,900
- -----------------------------------------------------------------------------------------------------------------------------------
MAY DEPT.STORE X 587,850
- -----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM X 17,100
- -----------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM X 16,100
- -----------------------------------------------------------------------------------------------------------------------------------
MCN CORP X 422,600
- -----------------------------------------------------------------------------------------------------------------------------------
MDU RES GROUP INC COM X 250,800
- -----------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC COM X 7,300
- -----------------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM X 11,500
- -----------------------------------------------------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM X 44,422
- -----------------------------------------------------------------------------------------------------------------------------------
MET PRO CORP COM X 16,300
- -----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP X 13,200
- -----------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM X 31,387
- -----------------------------------------------------------------------------------------------------------------------------------
MILLENNIUM CHEMICALS COM X 42,500
- -----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM X 274,600
- -----------------------------------------------------------------------------------------------------------------------------------
MISSISSIPPI CHEM CORP X 415,700
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL A X 505,800
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL B X 286,500
- -----------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP COM X 65,850
- -----------------------------------------------------------------------------------------------------------------------------------
MOCON INC X 91,500
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 8 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MONARCH MACH TOOL CO COM COM 609150107 192,994.00 21,900
- -----------------------------------------------------------------------------------------------------------------------------------
MTS SYS CORP COM COM 553777103 1,310,156.00 107,500
- -----------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP COM COM 626717102 12,476,475.00 255,600
- -----------------------------------------------------------------------------------------------------------------------------------
NABISCO GROUP HLDG CP COM COM 62952p102 11,870,525.00 606,800
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM COM 636180101 8,434,150.00 173,900
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC COM COM 637657107 11,613,600.00 322,600
- -----------------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM COM 651192106 366,362.00 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
NICOR INC COM COM 654086107 7,852,294.00 206,300
- -----------------------------------------------------------------------------------------------------------------------------------
NN BALL & ROLLER INC COM COM 629305103 6,753,662.00 1,174,550
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COM COM 666807102 18,547,606.00 279,700
- -----------------------------------------------------------------------------------------------------------------------------------
OGE ENERGY CORP COM COM 670837103 9,298,125.00 391,500
- -----------------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM COM 677007106 267,000.00 12,000
- -----------------------------------------------------------------------------------------------------------------------------------
OMEGA PROTEIN CORP COM COM 68210p107 7,230,300.00 1,377,200
- -----------------------------------------------------------------------------------------------------------------------------------
OREGON STL MLS INC COM COM 686079104 7,624,335.00 572,720
- -----------------------------------------------------------------------------------------------------------------------------------
OWENS & MINOR INC NEW COM COM 690732102 5,921,300.00 538,300
- -----------------------------------------------------------------------------------------------------------------------------------
OWOSSO CORP COM COM 691217103 299,000.00 52,000
- -----------------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM COM 700416209 11,597,750.00 403,400
- -----------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM COM 701094104 25,798,425.00 563,900
- -----------------------------------------------------------------------------------------------------------------------------------
PEERLESS MFG CO COM COM 705514107 308,425.00 29,200
- -----------------------------------------------------------------------------------------------------------------------------------
PENN VA CORP COM COM 707882106 3,961,850.00 200,600
===================================================================================================================================
Column Total 151,724,334.00
===================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. --------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
MONARCH MACH TOOL CO COM X 21,900
- -----------------------------------------------------------------------------------------------------------------------------------
MTS SYS CORP COM X 107,500
- -----------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP COM X 255,600
- -----------------------------------------------------------------------------------------------------------------------------------
NABISCO GROUP HLDG CP COM X 606,800
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM X 173,900
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC COM X 322,600
- -----------------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM X 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
NICOR INC COM X 206,300
- -----------------------------------------------------------------------------------------------------------------------------------
NN BALL & ROLLER INC COM X 1,174,550
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COM X 279,700
- -----------------------------------------------------------------------------------------------------------------------------------
OGE ENERGY CORP COM X 391,500
- -----------------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM X 12,000
- -----------------------------------------------------------------------------------------------------------------------------------
OMEGA PROTEIN CORP COM X 1,377,200
- -----------------------------------------------------------------------------------------------------------------------------------
OREGON STL MLS INC COM X 572,720
- -----------------------------------------------------------------------------------------------------------------------------------
OWENS & MINOR INC NEW COM X 538,300
- -----------------------------------------------------------------------------------------------------------------------------------
OWOSSO CORP COM X 52,000
- -----------------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM X 403,400
- -----------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM X 563,900
- -----------------------------------------------------------------------------------------------------------------------------------
PEERLESS MFG CO COM X 29,200
- -----------------------------------------------------------------------------------------------------------------------------------
PENN VA CORP COM X 200,600
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 9 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PENNEY J C INC COM COM 708160106 19,930,050.00 410,400
- -----------------------------------------------------------------------------------------------------------------------------------
PENNZOIL-QUAKER STATE COM COM 709323109 2,283,000.00 152,200
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM COM 711030106 9,410,569.00 249,700
- -----------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM COM 713448108 545,494.00 14,100
- -----------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM COM 717081103 348,800.00 3,200
- -----------------------------------------------------------------------------------------------------------------------------------
PHARMACIA & UPJOHN INC COM COM 716941109 13,534,328.00 238,228
- -----------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC COM COM 718154107 341,594.00 8,500
- -----------------------------------------------------------------------------------------------------------------------------------
PIONEER STD ELECTRS COM COM 723877106 9,598,800.00 799,900
- -----------------------------------------------------------------------------------------------------------------------------------
PIZZA INN INC COM 725848105 280,875.00 84,000
- -----------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP COM COM 693475105 25,810,237.00 447,900
- -----------------------------------------------------------------------------------------------------------------------------------
POCAHONTAS COM 730234101 230,850.00 30,780
- -----------------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COM COM 732827100 10,073,394.00 835,100
- -----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM COM 742718109 785,400.00 8,800
- -----------------------------------------------------------------------------------------------------------------------------------
PULASKI FURNITURE CORP COM COM 745553107 209,862.00 10,300
- -----------------------------------------------------------------------------------------------------------------------------------
PULITZER, INC. COM 745769109 2,680,650.00 55,200
- -----------------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM COM 747316107 9,639,500.00 593,200
- -----------------------------------------------------------------------------------------------------------------------------------
QUANEX CORP COM COM 747620102 9,598,800.00 336,800
- -----------------------------------------------------------------------------------------------------------------------------------
QUIXOTE CORP COM COM 749056107 621,562.00 51,000
- -----------------------------------------------------------------------------------------------------------------------------------
RAYMOND JAMES FINL INC COM COM 754730109 3,331,200.00 138,800
- -----------------------------------------------------------------------------------------------------------------------------------
RAYONIER INC COM COM 754907103 8,517,937.00 171,000
===================================================================================================================================
Column Total 127,772,902.00
===================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. --------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
PENNEY J C INC COM X 410,400
- -----------------------------------------------------------------------------------------------------------------------------------
PENNZOIL-QUAKER STATE COM X 152,200
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM X 249,700
- -----------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM X 14,100
- -----------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM X 3,200
- -----------------------------------------------------------------------------------------------------------------------------------
PHARMACIA & UPJOHN INC COM X 238,228
- -----------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC COM X 8,500
- -----------------------------------------------------------------------------------------------------------------------------------
PIONEER STD ELECTRS COM X 799,900
- -----------------------------------------------------------------------------------------------------------------------------------
PIZZA INN INC X 84,000
- -----------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP COM X 447,900
- -----------------------------------------------------------------------------------------------------------------------------------
POCAHONTAS X 30,780
- -----------------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COM X 835,100
- -----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM X 8,800
- -----------------------------------------------------------------------------------------------------------------------------------
PULASKI FURNITURE CORP COM X 10,300
- -----------------------------------------------------------------------------------------------------------------------------------
PULITZER, INC. X 55,200
- -----------------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM X 593,200
- -----------------------------------------------------------------------------------------------------------------------------------
QUANEX CORP COM X 336,800
- -----------------------------------------------------------------------------------------------------------------------------------
QUIXOTE CORP COM X 51,000
- -----------------------------------------------------------------------------------------------------------------------------------
RAYMOND JAMES FINL INC COM X 138,800
- -----------------------------------------------------------------------------------------------------------------------------------
RAYONIER INC COM X 171,000
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 10 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
RELIASTAR FINL CORP COM COM 75952u103 25,926,250.00 592,600
- -----------------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO COM COM 761763101 23,812,400.00 403,600
- -----------------------------------------------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM COM 763165107 514,344.00 75,500
- -----------------------------------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM COM 773903109 22,052,250.00 363,000
- -----------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS COM 775371107 13,126,181.00 306,150
- -----------------------------------------------------------------------------------------------------------------------------------
RPM INC OHIO COM COM 749685103 6,485,106.00 457,100
- -----------------------------------------------------------------------------------------------------------------------------------
SAFECO CORP COM COM 786429100 19,251,737.00 436,300
- -----------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS COM 78387G103 13,850,400.00 238,800
- -----------------------------------------------------------------------------------------------------------------------------------
SCHULMAN A INC COM COM 808194104 12,199,687.00 709,800
- -----------------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A CLA 811371707 18,566,775.00 553,200
- -----------------------------------------------------------------------------------------------------------------------------------
SELAS CORP AMER COM COM 816119101 293,562.00 42,700
- -----------------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM COM 829060102 6,813,175.00 664,700
- -----------------------------------------------------------------------------------------------------------------------------------
SMITHFIELD COS INC COM COM 832245104 221,125.00 29,000
- -----------------------------------------------------------------------------------------------------------------------------------
SPAN AMER MED SYS INC COM COM 846396109 369,150.00 85,600
- -----------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC COM COM 792860108 15,530,862.00 488,200
- -----------------------------------------------------------------------------------------------------------------------------------
STANDARD PAC CORP NEW COM COM 85375C101 11,161,800.00 858,600
- -----------------------------------------------------------------------------------------------------------------------------------
STRIDE RITE CORP COM COM 863314100 5,291,241.00 513,090
- -----------------------------------------------------------------------------------------------------------------------------------
STURM RUGER & CO INC COM COM 864159108 7,475,906.00 699,500
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM COM 866005101 25,254,750.00 604,000
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR INDS INTL INC COM COM 868168105 8,292,075.00 303,600
===================================================================================================================================
Column Total 236,488,776.00
===================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. --------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
RELIASTAR FINL CORP COM X 592,600
- -----------------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO COM X 403,600
- -----------------------------------------------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM X 75,500
- -----------------------------------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM X 363,000
- -----------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS X 306,150
- -----------------------------------------------------------------------------------------------------------------------------------
RPM INC OHIO COM X 457,100
- -----------------------------------------------------------------------------------------------------------------------------------
SAFECO CORP COM X 436,300
- -----------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS X 238,800
- -----------------------------------------------------------------------------------------------------------------------------------
SCHULMAN A INC COM X 709,800
- -----------------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A X 553,200
- -----------------------------------------------------------------------------------------------------------------------------------
SELAS CORP AMER COM X 42,700
- -----------------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM X 664,700
- -----------------------------------------------------------------------------------------------------------------------------------
SMITHFIELD COS INC COM X 29,000
- -----------------------------------------------------------------------------------------------------------------------------------
SPAN AMER MED SYS INC COM X 85,600
- -----------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC COM X 488,200
- -----------------------------------------------------------------------------------------------------------------------------------
STANDARD PAC CORP NEW COM X 858,600
- -----------------------------------------------------------------------------------------------------------------------------------
STRIDE RITE CORP COM X 513,090
- -----------------------------------------------------------------------------------------------------------------------------------
STURM RUGER & CO INC COM X 699,500
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM X 604,000
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR INDS INTL INC COM X 303,600
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 11 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SUSQUEHANNA BKSHS PA COM COM 869099101 5,909,836.00 334,125
- -----------------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM COM 871565107 241,312.00 29,700
- -----------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP COM COM 871829107 542,587.00 18,200
- -----------------------------------------------------------------------------------------------------------------------------------
TAB PRODS CO DEL COM COM 873197107 295,000.00 40,000
- -----------------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM COM 876553306 7,164,490.00 581,887
- -----------------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC COM 879131100 13,119,487.00 434,600
- -----------------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM COM 879664100 844,531.00 12,500
- -----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM COM 879868107 12,325,050.00 179,600
- -----------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM COM 884315102 27,362,475.00 579,100
- -----------------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM COM 887134104 540,224.00 34,300
- -----------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP COM 891027104 19,512,675.00 571,800
- -----------------------------------------------------------------------------------------------------------------------------------
TRION INC COM COM 896726106 705,925.00 149,600
- -----------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM COM 897844106 11,087,825.00 372,700
- -----------------------------------------------------------------------------------------------------------------------------------
TRW INC COM COM 872649108 23,996,837.00 437,300
- -----------------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM COM 900902107 284,812.00 21,000
- -----------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM COM 902124106 625,350.00 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM COM 910571108 551,000.00 116,000
- -----------------------------------------------------------------------------------------------------------------------------------
WALLACE COMPUTER SVCS COM COM 932270101 4,962,500.00 198,500
- -----------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM COM 934488107 504,612.00 7,300
- -----------------------------------------------------------------------------------------------------------------------------------
WASTE MGMT INC DEL COM COM 94106L109 440,750.00 8,200
===================================================================================================================================
Column Total 131,017,278.00
===================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. --------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
SUSQUEHANNA BKSHS PA COM X 334,125
- -----------------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM X 29,700
- -----------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP COM X 18,200
- -----------------------------------------------------------------------------------------------------------------------------------
TAB PRODS CO DEL COM X 40,000
- -----------------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM X 581,887
- -----------------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC X 434,600
- -----------------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM X 12,500
- -----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM X 179,600
- -----------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM X 579,100
- -----------------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM X 34,300
- -----------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP X 571,800
- -----------------------------------------------------------------------------------------------------------------------------------
TRION INC COM X 149,600
- -----------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM X 372,700
- -----------------------------------------------------------------------------------------------------------------------------------
TRW INC COM X 437,300
- -----------------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM X 21,000
- -----------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM X 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM X 116,000
- -----------------------------------------------------------------------------------------------------------------------------------
WALLACE COMPUTER SVCS COM X 198,500
- -----------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM X 7,300
- -----------------------------------------------------------------------------------------------------------------------------------
WASTE MGMT INC DEL COM X 8,200
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13 F
Page 11 of 12 Name of Reporting Manager DePrince, Race & Zollo, Inc.
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
WELLMAN INC COM COM 949702104 9,232,594.00 579,300
- -----------------------------------------------------------------------------------------------------------------------------------
WILSHIRE REAL ESTATE COM COM 971892104 2,737,583.00 706,473
- -----------------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM COM 979438108 219,275.00 17,900
- -----------------------------------------------------------------------------------------------------------------------------------
WORLD FUEL SVCS CORP COM COM 981475106 6,338,075.00 429,700
- -----------------------------------------------------------------------------------------------------------------------------------
WORLDCOM INC GA COM COM 55268b106 688,500.00 8,000
- -----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM COM 984121103 513,844.00 8,700
- -----------------------------------------------------------------------------------------------------------------------------------
XTRA CORP COM COM 984138107 3,362,625.00 73,200
- -----------------------------------------------------------------------------------------------------------------------------------
TELSTRA CORP ADR ADR 87969n204 399,437.00 3,500
- -----------------------------------------------------------------------------------------------------------------------------------
YORK INTL CORP NEW COM COM 986670107 22,998,875.00 537,200.00
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
Column Total 46,490,808.00
===================================================================================================================================
Aggregate Total 1,890,782,515.00
===================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- See Instr. --------------------------------------------------
(a) (b) Shared (c) V
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
WELLMAN INC COM X 579,300
- -----------------------------------------------------------------------------------------------------------------------------------
WILSHIRE REAL ESTATE COM X 706,473
- -----------------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM X 17,900
- -----------------------------------------------------------------------------------------------------------------------------------
WORLD FUEL SVCS CORP COM X 429,700
- -----------------------------------------------------------------------------------------------------------------------------------
WORLDCOM INC GA COM X 8,000
- -----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM X 8,700
- -----------------------------------------------------------------------------------------------------------------------------------
XTRA CORP COM X 73,200
- -----------------------------------------------------------------------------------------------------------------------------------
TELSTRA CORP ADR X 3,500
- -----------------------------------------------------------------------------------------------------------------------------------
YORK INTL CORP NEW COM X 537,200.00
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
Column Total
===================================================================================================================================
Aggregate Total
===================================================================================================================================
</TABLE>
