UNITED 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 SEPTEMBER 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 AVE., SUITE 850, ORLANDO, FLORIDA 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 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 November, 1999.
JOHN D. RACE
----------------------------------------
(Name of Institional Investment Manager)
/s/ JOHN D. RACE
-----------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file numbers of ALL Insitutional 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>
Page 1 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AAR CORP COM COM 000361105 7,918 439,900
- -----------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS COM COM 002824100 297 8,100
- -----------------------------------------------------------------------------------------------------------------------------------
AK STL HLDG CORP COM COM 001547108 11,209 614,200
- -----------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP COM COM 020002101 16,521 662,500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM COM 02364J104 510 4,900
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM COM 025816109 715 5,300
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM COM 026609107 10,603 255,500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM COM 026874107 706 8,125
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN NATL CAN GRP COM COM 027714104 5,792 366,300
- -----------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP NEW COM COM 030954101 9,045 135,505
- -----------------------------------------------------------------------------------------------------------------------------------
ANDERSONS INC COM COM 034164103 90 10,300
- -----------------------------------------------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM COM 035710409 6,717 721,300
- -----------------------------------------------------------------------------------------------------------------------------------
ARVIN INDS INC COM COM 043339100 464 15,000
- -----------------------------------------------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM COM 04638f108 591 102,874
- -----------------------------------------------------------------------------------------------------------------------------------
BANC ONE CORP COM COM 06423a103 3,657 105,049
- -----------------------------------------------------------------------------------------------------------------------------------
BANCO LATINOAM DE EXPO CL E CLE P16994132 2,022 88,400
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMERICA CORP COM 060505104 24,463 439,293
- -----------------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CL A CLA 065412108 8,269 255,400
- -----------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC COM COM 071813109 24,621 408,641
- -----------------------------------------------------------------------------------------------------------------------------------
BESTFOODS COM COM 08658U101 24,500 504,499
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 158,712
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
AAR CORP COM X 439,900
- -----------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS COM X 8,100
- -----------------------------------------------------------------------------------------------------------------------------------
AK STL HLDG CORP COM X 614,200
- -----------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP COM X 662,500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM X 4,900
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM X 5,300
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM X 255,500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM X 8,125
- -----------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP NEW COM X 135,505
- -----------------------------------------------------------------------------------------------------------------------------------
ANDERSONS INC COM X 10,300
- -----------------------------------------------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM X 721,300
- -----------------------------------------------------------------------------------------------------------------------------------
ARVIN INDS INC COM X 15,000
- -----------------------------------------------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM X 102,874
- -----------------------------------------------------------------------------------------------------------------------------------
BANC ONE CORP COM X 105,049
- -----------------------------------------------------------------------------------------------------------------------------------
BANCO LATINOAM DE EXPO CL E X 88,400
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMERICA COPR X 439,293
- -----------------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CLA X 255,400
- -----------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC COM X 408,641
- -----------------------------------------------------------------------------------------------------------------------------------
BESTFOODS COM X 504,499
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 2 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
BLOCK DRUG INC COM 093644102 3,876 107,848
- -----------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC COM COM 093671105 9,951 229,100
- -----------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM COM 097383103 18,816 516,400
- -----------------------------------------------------------------------------------------------------------------------------------
BOWATER INC COM COM 102183100 13,503 257,200
- -----------------------------------------------------------------------------------------------------------------------------------
BOWNE & CO INC COM COM 103043105 7,579 625,100
- -----------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM COM 110122108 688 16,200
- -----------------------------------------------------------------------------------------------------------------------------------
BURLINGTON NRTHN SANTA COM COM 12189T104 20,482 744,800
- -----------------------------------------------------------------------------------------------------------------------------------
CARAUSTAR INDS COM 140909102 10,529 412,900
- -----------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CL A CLA 143658102 518 11,900
- -----------------------------------------------------------------------------------------------------------------------------------
CATO CORP NEW CL A CLA 149205106 14,899 1,057,100
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURY ALUM CO COM COM 156431108 5,997 557,900
- -----------------------------------------------------------------------------------------------------------------------------------
CFW COMMUNICATIONS COM COM 124923103 2,567 107,500
- -----------------------------------------------------------------------------------------------------------------------------------
CHESAPEAKE CORP COM COM 165159104 2,163 71,500
- -----------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM COM 171232101 23,559 474,734
- -----------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP COM COM 172474107 16,333 576,900
- -----------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM COM 17275R102 686 10,000
- -----------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO COM COM 191216100 598 12,400
- -----------------------------------------------------------------------------------------------------------------------------------
COHU INC COM COM 192576106 2,463 116,600
- -----------------------------------------------------------------------------------------------------------------------------------
COLLINS INDS INC COM 194858106 309 44,100
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM COM 197648108 16,557 299,000
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 172,074
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
BLOCK DRUG INC X 107,848
- -----------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC COM X 229,100
- -----------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM X 516,400
- -----------------------------------------------------------------------------------------------------------------------------------
BOWATER INC COM X 257,200
- -----------------------------------------------------------------------------------------------------------------------------------
BOWNE & CO INC COM X 625,100
- -----------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM X 10,200
- -----------------------------------------------------------------------------------------------------------------------------------
BURLINGTON NRTHN SANTA COM X 744,800
- -----------------------------------------------------------------------------------------------------------------------------------
CARAUSTAR INDS X 412,900
- -----------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CL A X 11,900
- -----------------------------------------------------------------------------------------------------------------------------------
CATO CORP NEW CL A X 1,057,100
- -----------------------------------------------------------------------------------------------------------------------------------
CENTURY ALUM CO COM X 557,900
- -----------------------------------------------------------------------------------------------------------------------------------
CFW COMMUNICATIONS COM X 107,500
- -----------------------------------------------------------------------------------------------------------------------------------
CHESAPEAKE CORP COM X 71,500
- -----------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM X 474,734
- -----------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP COM X 576,900
- -----------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM X 10,000
- -----------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO COM X 12,400
- -----------------------------------------------------------------------------------------------------------------------------------
COHU INC COM X 116,600
- -----------------------------------------------------------------------------------------------------------------------------------
COLLINS INDS INC X 44,100
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM X 299,000
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 3 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
COLUMBUS MCKINNON N Y COM COM 199333105 1,699 98,500
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER INDS INC COM COM 216669101 19,855 424,700
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER TIRE & RUBR CO COM COM 216831107 12,179 691,000
- -----------------------------------------------------------------------------------------------------------------------------------
COSTCO WHOSALE CORP COM 22160k105 590 8,200
- -----------------------------------------------------------------------------------------------------------------------------------
COURIER CORP COM COM 222660102 318 13,250
- -----------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM COM 126650100 318 7,800
- -----------------------------------------------------------------------------------------------------------------------------------
DATA RESH ASSOC INC COM COM 237853106 238 27,800
- -----------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM COM 242361103 20,440 469,200
- -----------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP COM COM 247025109 502 12,000
- -----------------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A CLA 257870105 360 25,600
- -----------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM COM 268648102 664 9,300
- -----------------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM COM 276317104 507 30,950
- -----------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM COM 277461109 22,032 291,326
- -----------------------------------------------------------------------------------------------------------------------------------
EG & G INC COM COM 268457108 37,381 940,400
- -----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM COM 291011104 24,772 392,041
- -----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM COM 292896107 439 42,600
- -----------------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM COM 293389102 5,117 576,600
- -----------------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM COM 306075102 337 38,500
- -----------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM COM 313586109 501 8,000
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP COM COM 337358105 12,251 343,900
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 160,500
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
COLUMBUS MCKINNON N Y COM X 98,500
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER INDS INC COM X 424,700
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER TIRE & RUBR CO COM X 691,000
- -----------------------------------------------------------------------------------------------------------------------------------
COSTCO WHOSALE CORP X 8,200
- -----------------------------------------------------------------------------------------------------------------------------------
COURIER CORP COM X 13,250
- -----------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM X 7,800
- -----------------------------------------------------------------------------------------------------------------------------------
DATA RESH ASSOC INC COM X 27,800
- -----------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM X 469,200
- -----------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP COM X 12,000
- -----------------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A X 25,600
- -----------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM X 9,300
- -----------------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM X 30,950
- -----------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM X 291,326
- -----------------------------------------------------------------------------------------------------------------------------------
EG & G INC COM X 940,400
- -----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM X 392,041
- -----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM X 42,600
- -----------------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM X 576,600
- -----------------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM X 38,500
- -----------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM X 8,000
- -----------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP COM X 343,900
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 4 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
FIRST VA BANKS INC COM COM 337477103 11,620 266,740
- -----------------------------------------------------------------------------------------------------------------------------------
FLOWERS INDS INC COM COM 343496105 12,179 898,000
- -----------------------------------------------------------------------------------------------------------------------------------
FORTUNE BRANDS COM 349631101 17,956 556,769
- -----------------------------------------------------------------------------------------------------------------------------------
FREDS INC CL A CLA 356108100 5,070 411,800
- -----------------------------------------------------------------------------------------------------------------------------------
FSF FINL CORP COM COM 30262k105 215 18,300
- -----------------------------------------------------------------------------------------------------------------------------------
GAP INC DEL COM COM 364760108 537 16,775
- -----------------------------------------------------------------------------------------------------------------------------------
GARAN INC COM COM 364802108 15,722 481,900
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL CABLE DEL NEW COM COM 369300108 12,312 1,026,000
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM COM 369604103 1,209 10,200
- -----------------------------------------------------------------------------------------------------------------------------------
GENESIS WORLDWIDE INC COM COM 37184g104 121 23,400
- -----------------------------------------------------------------------------------------------------------------------------------
GEON CO COM COM 37246W105 9,188 356,800
- -----------------------------------------------------------------------------------------------------------------------------------
GIANT INDS INC COM COM 374508109 7,502 645,300
- -----------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM COM 375766102 380 11,200
- -----------------------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC COM COM 384802104 9,363 194,800
- -----------------------------------------------------------------------------------------------------------------------------------
GREENBRIER COS INC COM COM 393657101 5,155 466,000
- -----------------------------------------------------------------------------------------------------------------------------------
GTE CORP COM 362320103 11,603 150,935
- -----------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL COM COM 413875105 19,056 689,800
- -----------------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM COM 419352109 13,026 814,150
- -----------------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM COM 421959107 22,135 2,927,000
- -----------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO COM COM 422893107 10,090 2,124,200
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 184,439
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
FIRST VA BANKS INC COM X 266,740
- -----------------------------------------------------------------------------------------------------------------------------------
FLOWERS INDS INC COM X 898,000
- -----------------------------------------------------------------------------------------------------------------------------------
FORTUNE BRANDS X 556,769
- -----------------------------------------------------------------------------------------------------------------------------------
FREDS INC CL A X 411,800
- -----------------------------------------------------------------------------------------------------------------------------------
FSF FINL CORP COM X 18,300
- -----------------------------------------------------------------------------------------------------------------------------------
GAP INC DEL COM X 16,775
- -----------------------------------------------------------------------------------------------------------------------------------
GARAN INC COM X 481,900
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL CABLE DEL NEW COM X 1,026,000
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM X 10,200
- -----------------------------------------------------------------------------------------------------------------------------------
GENESIS WORLDWIDE INC COM X 23,400
- -----------------------------------------------------------------------------------------------------------------------------------
GEON CO COM X 356,800
- -----------------------------------------------------------------------------------------------------------------------------------
GIANT INDS INC COM X 645,300
- -----------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM X 11,200
- -----------------------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC COM X 194,800
- -----------------------------------------------------------------------------------------------------------------------------------
GREENBRIER COS INC COM X 466,000
- -----------------------------------------------------------------------------------------------------------------------------------
GTE CORP X 150,935
- -----------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL COM X 689,800
- -----------------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM X 814,150
- -----------------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM X 2,927,000
- -----------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO COM X 2,124,200
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 5 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
HEINZ H J CO COM COM 423074103 22,513 523,560
- -----------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM COM 423319102 43,847 1,318,700
- -----------------------------------------------------------------------------------------------------------------------------------
HERCULES INC COM COM 427056106 15,337 535,800
- -----------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO COM COM 428236103 345 3,800
- -----------------------------------------------------------------------------------------------------------------------------------
HOLLY CORP COM PAR $0.01 COM 435758305 14,194 946,300
- -----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM COM 437076102 947 13,800
- -----------------------------------------------------------------------------------------------------------------------------------
HOWELL CORP COM COM 443051107 550 93,600
- -----------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC CL B CLB 443510201 20,448 641,500
- -----------------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES COM COM 446150104 5,894 221,910
- -----------------------------------------------------------------------------------------------------------------------------------
ICO INC COM NEW COM 449293109 1,936 1,106,300
- -----------------------------------------------------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC COM 45254p102 3,284 710,100
- -----------------------------------------------------------------------------------------------------------------------------------
INGLES MKTS INC CL A CLA 457030104 6,487 491,900
- -----------------------------------------------------------------------------------------------------------------------------------
INSTEEL INDUSTRIES INC COM COM 45774W108 345 38,600
- -----------------------------------------------------------------------------------------------------------------------------------
INTEL CORP COM COM 458140100 951 12,800
- -----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACH COM 459200101 920 7,600
- -----------------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM COM 460690100 551 13,400
- -----------------------------------------------------------------------------------------------------------------------------------
ISB FINL CORP LA COM COM 450091103 10,760 635,300
- -----------------------------------------------------------------------------------------------------------------------------------
ITT INDS INC COM 450911102 19,129 601,300
- -----------------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT COM 475070108 16,675 263,900
- -----------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM COM 478160104 606 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 185,721
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
HEINZ H J CO COM X 523,560
- -----------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM X 1,318,700
- -----------------------------------------------------------------------------------------------------------------------------------
HERCULES INC COM X 535,800
- -----------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO COM X 3,800
- -----------------------------------------------------------------------------------------------------------------------------------
HOLLY CORP COM PAR $0.01 X 946,300
- -----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM X 13,800
- -----------------------------------------------------------------------------------------------------------------------------------
HOWELL CORP COM X 93,600
- -----------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC CL B X 641,500
- -----------------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES COM X 221,910
- -----------------------------------------------------------------------------------------------------------------------------------
ICO INC COM NEW X 1,106,300
- -----------------------------------------------------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INCCOM X 710,100
- -----------------------------------------------------------------------------------------------------------------------------------
INGLES MKTS INC CL A X 491,900
- -----------------------------------------------------------------------------------------------------------------------------------
INSTEEL INDUSTRIES INC COM X 38,600
- -----------------------------------------------------------------------------------------------------------------------------------
INTEL CORP COM X 12,800
- -----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACH X 7,600
- -----------------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM X 13,400
- -----------------------------------------------------------------------------------------------------------------------------------
ISB FINL CORP LA COM X 635,300
- -----------------------------------------------------------------------------------------------------------------------------------
ITT INDS INC X 601,300
- -----------------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT X 263,900
- -----------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM X 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 6 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
KEITHLEY INSTRS INC COM COM 487584104 538 37,900
- -----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP COM COM 492386107 11,128 202,100
- -----------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP COM COM 494368103 23,739 450,025
- -----------------------------------------------------------------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM COM 49842P103 1,090 86,300
- -----------------------------------------------------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD ORD G5299G106 12,082 755,150
- -----------------------------------------------------------------------------------------------------------------------------------
LILLY ELI & CO COM COM 532457108 507 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
LINDBERG CORP COM COM 535171102 164 18,000
- -----------------------------------------------------------------------------------------------------------------------------------
LONDON PAC GROUP LTD SPONSO COM 542073101 1,312 60,000
- -----------------------------------------------------------------------------------------------------------------------------------
LONGS DRUG STORES CORP COM COM 543162101 28,369 949,600
- -----------------------------------------------------------------------------------------------------------------------------------
LSI INDS INC COM COM 50216C108 7,519 328,700
- -----------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES COM 549463107 701 10,800
- -----------------------------------------------------------------------------------------------------------------------------------
MARRIOTT INTL INC NEW CL A CLA 571903202 288 8,800
- -----------------------------------------------------------------------------------------------------------------------------------
MASCO CORP COM COM 574599106 462 14,900
- -----------------------------------------------------------------------------------------------------------------------------------
MAY DEPT.STORE COM 577778103 20,489 562,319
- -----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM COM 55262L100 390 17,100
- -----------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM COM 580135101 701 16,200
- -----------------------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC. COM 55268b106 697 9,700
- -----------------------------------------------------------------------------------------------------------------------------------
MCN CORP COM 55267J100 11,918 693,400
- -----------------------------------------------------------------------------------------------------------------------------------
MDU RES GROUP INC COM COM 552690109 5,681 252,500
- -----------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC COM COM 585055106 519 14,600
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 128,295
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
KEITHLEY INSTRS INC COM X 37,900
- -----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP COM X 202,100
- -----------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP COM X 450,025
- -----------------------------------------------------------------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM X 86,300
- -----------------------------------------------------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD X 755,150
- -----------------------------------------------------------------------------------------------------------------------------------
LILLY ELI & CO COM X 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
LINDBERG CORP COM X 18,000
- -----------------------------------------------------------------------------------------------------------------------------------
LONDON PAC GROUP LTD SPONSO X 60,000
- -----------------------------------------------------------------------------------------------------------------------------------
LONGS DRUG STORES CORP COM X 949,600
- -----------------------------------------------------------------------------------------------------------------------------------
LSI INDS INC COM X 328,700
- -----------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES X 10,800
- -----------------------------------------------------------------------------------------------------------------------------------
MARRIOTT INTL INC NEW CL A X 8,800
- -----------------------------------------------------------------------------------------------------------------------------------
MASCO CORP COM X 14,900
- -----------------------------------------------------------------------------------------------------------------------------------
MAY DEPT.STORE X 562,319
- -----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM X 17,100
- -----------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM X 16,200
- -----------------------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC. X 9,700
- -----------------------------------------------------------------------------------------------------------------------------------
MCN CORP X 693,400
- -----------------------------------------------------------------------------------------------------------------------------------
MDU RES GROUP INC COM X 252,500
- -----------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC COM X 14,600
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 7 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MERCK & CO INC COM COM 589331107 745 11,500
- -----------------------------------------------------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM COM 589602101 531 66,422
- -----------------------------------------------------------------------------------------------------------------------------------
MET PRO CORP COM COM 590876306 314 29,200
- -----------------------------------------------------------------------------------------------------------------------------------
MICHAEL FOODS INC COM COM 594079105 4,560 173,500
- -----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP COM 594918104 1,195 13,200
- -----------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM COM 59563w104 580 29,387
- -----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM COM 604059105 18,645 194,093
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL A CLA 606592202 10,391 425,200
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL B CLB 606592301 2,106 89,600
- -----------------------------------------------------------------------------------------------------------------------------------
MOCON INC COM 607494101 537 117,800
- -----------------------------------------------------------------------------------------------------------------------------------
MTS SYS CORP COM COM 553777103 1,223 117,900
- -----------------------------------------------------------------------------------------------------------------------------------
NABISCO GROUP HLDG CP COM COM 62952p102 13,024 868,300
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM COM 636180101 7,182 152,200
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC COM COM 637657107 11,195 355,400
- -----------------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM COM 651192106 226 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
NICOR INC COM COM 654086107 7,170 192,808
- -----------------------------------------------------------------------------------------------------------------------------------
NN BALL & ROLLER INC COM COM 629305103 10,470 1,634,350
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COM COM 666807102 16,011 251,900
- -----------------------------------------------------------------------------------------------------------------------------------
NSTAR COM COM 67019e107 9,407 242,758
- -----------------------------------------------------------------------------------------------------------------------------------
NUI CORP COM COM 629430109 5,227 211,200
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 120,741
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
MERCK & CO INC COM X 11,500
- -----------------------------------------------------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM X 66,422
- -----------------------------------------------------------------------------------------------------------------------------------
MET PRO CORP COM X 29,200
- -----------------------------------------------------------------------------------------------------------------------------------
MICHAEL FOODS INC COM X 173,500
- -----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP X 13,200
- -----------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM X 29,387
- -----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM X 194,093
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL A X 425,200
- -----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL B X 89,600
- -----------------------------------------------------------------------------------------------------------------------------------
MOCON INC X 117,800
- -----------------------------------------------------------------------------------------------------------------------------------
MTS SYS CORP COM X 117,900
- -----------------------------------------------------------------------------------------------------------------------------------
NABISCO GROUP HLDG CP COM X 868,300
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM X 152,200
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC COM X 355,400
- -----------------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM X 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
NICOR INC COM X 192,808
- -----------------------------------------------------------------------------------------------------------------------------------
NN BALL & ROLLER INC COM X 1,634,350
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COM X 251,900
- -----------------------------------------------------------------------------------------------------------------------------------
NSTAR COM X 242,758
- -----------------------------------------------------------------------------------------------------------------------------------
NUI CORP COM X 211,200
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 8 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
OGE ENERGY CORP COM COM 670837103 8,152 366,397
- -----------------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM COM 677007106 256 12,400
- -----------------------------------------------------------------------------------------------------------------------------------
OLIN CORP COM PAR $1 COM 680665205 6,304 462,700
- -----------------------------------------------------------------------------------------------------------------------------------
OREGON STL MLS INC COM COM 686079104 8,620 770,520
- -----------------------------------------------------------------------------------------------------------------------------------
OWENS & MINOR INC NEW COM COM 690732102 5,839 606,600
- -----------------------------------------------------------------------------------------------------------------------------------
OWOSSO CORP COM COM 691217103 314 74,000
- -----------------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM COM 700416209 12,394 377,000
- -----------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM COM 701094104 22,137 494,000
- -----------------------------------------------------------------------------------------------------------------------------------
PEERLESS MFG CO COM COM 705514107 415 39,100
- -----------------------------------------------------------------------------------------------------------------------------------
PENN VA CORP COM COM 707882106 4,260 205,300
- -----------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC COM COM 708160106 18,820 545,520
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM COM 711030106 8,456 240,300
- -----------------------------------------------------------------------------------------------------------------------------------
PEP BOYS MANNY MOE&JCK COM COM 713278109 6,485 436,000
- -----------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM COM 713448108 430 14,100
- -----------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM COM 717081103 524 14,600
- -----------------------------------------------------------------------------------------------------------------------------------
PHARMACIA & UPJOHN INC COM COM 716941109 17,010 342,779
- -----------------------------------------------------------------------------------------------------------------------------------
PHILADELPHIA SUBN CORP COM COM 718009608 2,064 87,600
- -----------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC COM COM 718154107 291 8,500
- -----------------------------------------------------------------------------------------------------------------------------------
PIONEER STD ELECTRS COM COM 723877106 14,123 978,200
- -----------------------------------------------------------------------------------------------------------------------------------
PIZZA INN INC COM 725848105 263 70,100
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 137,158
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
OGE ENERGY CORP COM X 366,397
- -----------------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM X 12,400
- -----------------------------------------------------------------------------------------------------------------------------------
OLIN CORP COM PAR $1 X 462,700
- -----------------------------------------------------------------------------------------------------------------------------------
OREGON STL MLS INC COM X 770,520
- -----------------------------------------------------------------------------------------------------------------------------------
OWENS & MINOR INC NEW COM X 606,600
- -----------------------------------------------------------------------------------------------------------------------------------
OWOSSO CORP COM X 74,000
- -----------------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM X 377,000
- -----------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM X 494,000
- -----------------------------------------------------------------------------------------------------------------------------------
PEERLESS MFG CO COM X 39,100
- -----------------------------------------------------------------------------------------------------------------------------------
PENN VA CORP COM X 205,300
- -----------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC COM X 545,520
- -----------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM X 240,300
- -----------------------------------------------------------------------------------------------------------------------------------
PEP BOYS MANNY MOE&JCK COM X 436,000
- -----------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM X 14,100
- -----------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM X 14,600
- -----------------------------------------------------------------------------------------------------------------------------------
PHARMACIA & UPJOHN INC COM X 342,779
- -----------------------------------------------------------------------------------------------------------------------------------
PHILADELPHIA SUBN CORP COM X 87,600
- -----------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC COM X 8,500
- -----------------------------------------------------------------------------------------------------------------------------------
PIONEER STD ELECTRS COM X 978,200
- -----------------------------------------------------------------------------------------------------------------------------------
PIZZA INN INC X 70,100
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 9 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PNC BK CORP COM COM 693475105 22,054 418,576
- -----------------------------------------------------------------------------------------------------------------------------------
POCAHONTAS COM 730234101 295 46,680
- -----------------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COM COM 732827100 13,919 1,124,800
- -----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM COM 742718109 825 8,800
- -----------------------------------------------------------------------------------------------------------------------------------
PULASKI FURNITURE CORP COM COM 745553107 189 12,500
- -----------------------------------------------------------------------------------------------------------------------------------
PXRE CORP COM COM G73018106 2,589 177,800
- -----------------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM COM 747316107 10,045 604,200
- -----------------------------------------------------------------------------------------------------------------------------------
QUANEX CORP COM COM 747620102 10,942 427,000
- -----------------------------------------------------------------------------------------------------------------------------------
QUIXOTE CORP COM COM 749056107 649 43,300
- -----------------------------------------------------------------------------------------------------------------------------------
RAYMOND JAMES FINL INC COM COM 754730109 4,915 246,500
- -----------------------------------------------------------------------------------------------------------------------------------
RAYONIER INC COM COM 754907103 8,862 211,000
- -----------------------------------------------------------------------------------------------------------------------------------
RELIASTAR FINL CORP COM COM 75952u103 22,540 677,900
- -----------------------------------------------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM COM 763165107 5,238 630,100
- -----------------------------------------------------------------------------------------------------------------------------------
RITE AID CORP COM COM 767754104 6,390 462,600
- -----------------------------------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM COM 773903109 19,299 367,600
- -----------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS COM 775371107 15,272 422,750
- -----------------------------------------------------------------------------------------------------------------------------------
RPM INC OHIO COM COM 749685103 5,291 434,100
- -----------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS COM 78387G103 8,864 173,600
- -----------------------------------------------------------------------------------------------------------------------------------
SCHULMAN A INC COM COM 808194104 11,793 681,200
- -----------------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A CLA 811371707 17,570 627,500
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 187,541
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
PNC BK CORP COM X 418,576
- -----------------------------------------------------------------------------------------------------------------------------------
POCAHONTAS X 46,680
- -----------------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COM X 1,124,800
- -----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM X 8,800
- -----------------------------------------------------------------------------------------------------------------------------------
PULASKI FURNITURE CORP COM X 12,500
- -----------------------------------------------------------------------------------------------------------------------------------
PXRE CORP COM X 177,800
- -----------------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM X 604,200
- -----------------------------------------------------------------------------------------------------------------------------------
QUANEX CORP COM X 427,000
- -----------------------------------------------------------------------------------------------------------------------------------
QUIXOTE CORP COM X 43,300
- -----------------------------------------------------------------------------------------------------------------------------------
RAYMOND JAMES FINL INC COM X 246,500
- -----------------------------------------------------------------------------------------------------------------------------------
RAYONIER INC COM X 211,000
- -----------------------------------------------------------------------------------------------------------------------------------
RELIASTAR FINL CORP COM X 677,900
- -----------------------------------------------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM X 630,100
- -----------------------------------------------------------------------------------------------------------------------------------
RITE AID CORP COM X 462,600
- -----------------------------------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM X 367,600
- -----------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS X 422,750
- -----------------------------------------------------------------------------------------------------------------------------------
RPM INC OHIO COM X 434,100
- -----------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS X 173,600
- -----------------------------------------------------------------------------------------------------------------------------------
SCHULMAN A INC COM X 681,200
- -----------------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A X 627,500
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 10 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SELAS CORP AMER COM COM 816119101 302 61,200
- -----------------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM COM 829060102 7,807 705,700
- -----------------------------------------------------------------------------------------------------------------------------------
SMITH A O COM COM 831865209 5,738 189,700
- -----------------------------------------------------------------------------------------------------------------------------------
SPAN AMER MED SYS INC COM COM 846396109 365 104,200
- -----------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC COM COM 792860108 22,402 814,632
- -----------------------------------------------------------------------------------------------------------------------------------
STANDARD PAC CORP NEW COM COM 85375C101 8,783 856,900
- -----------------------------------------------------------------------------------------------------------------------------------
STRIDE RITE CORP COM COM 863314100 4,854 693,390
- -----------------------------------------------------------------------------------------------------------------------------------
STURM RUGER & CO INC COM COM 864159108 6,299 699,900
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM COM 866005101 21,850 673,600
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR INDS INTL INC COM COM 868168105 6,054 216,200
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERVALU INC COM COM 868536103 15,839 717,900
- -----------------------------------------------------------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM COM 869099101 4,875 282,625
- -----------------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM COM 871565107 312 45,400
- -----------------------------------------------------------------------------------------------------------------------------------
TAB PRODS CO DEL COM COM 873197107 188 35,000
- -----------------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM COM 876553306 6,897 593,287
- -----------------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM COM 879664100 700 12,300
- -----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM COM 879868107 15,274 250,400
- -----------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM COM 884315102 21,075 413,234
- -----------------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM COM 887134104 639 34,300
- -----------------------------------------------------------------------------------------------------------------------------------
TIMKEN CO COM COM 887389104 7,693 477,100
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 157,947
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
SELAS CORP AMER COM X 61,200
- -----------------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM X 705,700
- -----------------------------------------------------------------------------------------------------------------------------------
SMITH A O COM X 189,700
- -----------------------------------------------------------------------------------------------------------------------------------
SPAN AMER MED SYS INC COM X 104,200
- -----------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC COM X 814,632
- -----------------------------------------------------------------------------------------------------------------------------------
STANDARD PAC CORP NEW COM X 856,900
- -----------------------------------------------------------------------------------------------------------------------------------
STRIDE RITE CORP COM X 693,390
- -----------------------------------------------------------------------------------------------------------------------------------
STURM RUGER & CO INC COM X 699,900
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM X 673,600
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR INDS INTL INC COM X 216,200
- -----------------------------------------------------------------------------------------------------------------------------------
SUPERVALU INC COM X 717,900
- -----------------------------------------------------------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM X 282,625
- -----------------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM X 45,400
- -----------------------------------------------------------------------------------------------------------------------------------
TAB PRODS CO DEL COM X 35,000
- -----------------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM X 593,287
- -----------------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM X 12,300
- -----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM X 250,400
- -----------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM X 413,234
- -----------------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM X 34,300
- -----------------------------------------------------------------------------------------------------------------------------------
TIMKEN CO COM X 477,100
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 11 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TORCHMARK CORP COM 891027104 19,812 765,700
- -----------------------------------------------------------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL COM COM 893889105 338 29,200
- -----------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM COM 897844106 13,313 366,000
- -----------------------------------------------------------------------------------------------------------------------------------
TRW INC COM COM 872649108 18,895 379,800
- -----------------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM COM 900902107 282 22,300
- -----------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM COM 902124106 681 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM COM 910571108 522 136,800
- -----------------------------------------------------------------------------------------------------------------------------------
UNIVERSAL FOODS CORP COM COM 913538104 298 13,000
- -----------------------------------------------------------------------------------------------------------------------------------
VULCAN MATERIALS COM 929160109 13,716 374,500
- -----------------------------------------------------------------------------------------------------------------------------------
WALLACE COMPUTER SVCS COM COM 932270101 8,560 422,700
- -----------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM COM 934488107 551 8,300
- -----------------------------------------------------------------------------------------------------------------------------------
WELLMAN INC COM COM 949702104 11,269 623,900
- -----------------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM COM 979438108 211 20,800
- -----------------------------------------------------------------------------------------------------------------------------------
WORLD FUEL SVCS CORP COM COM 981475106 5,813 596,200
- -----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM COM 984121103 365 8,700
- -----------------------------------------------------------------------------------------------------------------------------------
YORK INTL CORP NEW COM COM 986670107 16,909 470,500
- -----------------------------------------------------------------------------------------------------------------------------------
ALCAN ALUMINIUM NEW COM COM 13716105 219 7,000
- -----------------------------------------------------------------------------------------------------------------------------------
INDUSTRIE NATUZZI SPA ADR ADR 456478106 206 10,500
- -----------------------------------------------------------------------------------------------------------------------------------
TELSTRA CORP ADR ADR 87969n204 369 14,000
- -----------------------------------------------------------------------------------------------------------------------------------
WBK STRYPES TR 10% CONV PRE CONV 929229102 233 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals 112,561
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
TORCHMARK CORP X 765,700
- -----------------------------------------------------------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL COM X 29,200
- -----------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM X 366,000
- -----------------------------------------------------------------------------------------------------------------------------------
TRW INC COM X 379,800
- -----------------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM X 22,300
- -----------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM X 6,600
- -----------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM X 136,800
- -----------------------------------------------------------------------------------------------------------------------------------
UNIVERSAL FOODS CORP COM X 13,000
- -----------------------------------------------------------------------------------------------------------------------------------
VULCAN MATERIALS X 374,500
- -----------------------------------------------------------------------------------------------------------------------------------
WALLACE COMPUTER SVCS COM X 422,700
- -----------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM X 8,300
- -----------------------------------------------------------------------------------------------------------------------------------
WELLMAN INC COM X 623,900
- -----------------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM X 20,800
- -----------------------------------------------------------------------------------------------------------------------------------
WORLD FUEL SVCS CORP COM X 596,200
- -----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM X 8,700
- -----------------------------------------------------------------------------------------------------------------------------------
YORK INTL CORP NEW COM X 470,500
- -----------------------------------------------------------------------------------------------------------------------------------
ALCAN ALUMINIUM NEW COM X 7,000
- -----------------------------------------------------------------------------------------------------------------------------------
INDUSTRIE NATUZZI SPA ADR X 10,500
- -----------------------------------------------------------------------------------------------------------------------------------
TELSTRA CORP ADR X 14,000
- -----------------------------------------------------------------------------------------------------------------------------------
WBK STRYPES TR 10% CONV PRE X 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 12 of 12
FORM 13 F
Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 5:
ITEM 2: ITEM 3: SHARES OF
ITEM 1: TITLE OF CUSIP ITEM 4: PRINCIPAL
NAME OF ISSUER CLASS NUMBER FAIR MARKET VALUE AMOUNT
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
Aggregate Totals 1,705,688
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ITEM 7: -----------------------------------------
(b) SHARED (c) MANAGERS
ITEM 1: (a) AS DEFINED SHARED SEE INSTR.
NAME OF ISSUER SOLE IN INSTR. V OTHER V (a) SOLE (b) SHARED (c) NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Aggregate Totals
- -----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- -----------------------------------------------------------------------------------------------------------------------------------
Aggregate Totals
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
