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 MARCH 31, 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 (407) 420 9903 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 3RD
day of May, 1999.
DEPRINCE, RACE & ZOLLO, INC.
----------------------------------------
(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 8,818,969 495,100
- -----------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS COM COM 002824100 299,600 6,400
- -----------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC COM COM 009158106 17,107,875 499,500
- -----------------------------------------------------------------------------------------------------------------------------
AK STL HLDG CORP COM COM 001547108 7,483,981 331,700
- -----------------------------------------------------------------------------------------------------------------------------
ALLEGHENY TELEDYNE INC COM COM 017415100 17,359,351 916,665
- -----------------------------------------------------------------------------------------------------------------------------
AMERICAN BUSINESS PROD COM COM 024763104 2,828,700 202,050
- -----------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM COM 025816109 482,775 4,100
- -----------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM COM 026609107 267,525 4,100
- -----------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM COM 026874107 506,625 4,200
- -----------------------------------------------------------------------------------------------------------------------------
AMERICAN MED SEC GROUP COM COM 02744p101 5,175,800 369,700
- -----------------------------------------------------------------------------------------------------------------------------
ANDERSONS INC COM COM 034164103 204,912 16,900
- -----------------------------------------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM COM 035710409 6,755,000 675,500
- -----------------------------------------------------------------------------------------------------------------------------
ARMSTRONG WORLD INDS COM COM 042476101 10,221,412 226,200
- -----------------------------------------------------------------------------------------------------------------------------
ASSOCIATES FIRST CAP CL A CLA 046008108 342,000 7,600
- -----------------------------------------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM COM 04638f108 367,448 75,374
- -----------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO COM COM 048825103 23,114,812 316,100
- -----------------------------------------------------------------------------------------------------------------------------
BANC ONE CORP COM COM 06423a103 23,678,857 430,036
- -----------------------------------------------------------------------------------------------------------------------------
BANCO LATINOAM DE EXPO CL E CLE P16994132 2,953,600 113,600
- -----------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CL A CLA 065412108 6,867,000 168,000
- -----------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP COM** COM 06605f102 24,493,386 346,809
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 159,329,628
- -----------------------------------------------------------------------------------------------------------------------------
</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 495,100
- ----------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS COM X 6,400
- ----------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC COM X 499,500
- ----------------------------------------------------------------------------------------------------------------------------------
AK STL HLDG CORP COM X 331,700
- ----------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY TELEDYNE INC COM X 916,665
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN BUSINESS PROD COM X 202,050
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM X 4,100
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM X 4,100
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM X 4,200
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN MED SEC GROUP COM X 369,700
- ----------------------------------------------------------------------------------------------------------------------------------
ANDERSONS INC COM X 16,900
- ----------------------------------------------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM X 675,500
- ----------------------------------------------------------------------------------------------------------------------------------
ARMSTRONG WORLD INDS COM X 226,200
- ----------------------------------------------------------------------------------------------------------------------------------
ASSOCIATES FIRST CAP CL A X 7,600
- ----------------------------------------------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM X 75,374
- ----------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO COM X 316,100
- ----------------------------------------------------------------------------------------------------------------------------------
BANC ONE CORP COM X 430,036
- ----------------------------------------------------------------------------------------------------------------------------------
BANCO LATINOAM DE EXPO CL E X 113,600
- ----------------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CL A X 168,000
- ----------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP COM** X 346,809
- ----------------------------------------------------------------------------------------------------------------------------------
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>
BAUSCH & LOMB INC COM COM 071707103 17,348,500 266,900
- -----------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC COM COM 071813109 24,723,600 374,600
- -----------------------------------------------------------------------------------------------------------------------------
BEC ENERGY COM COM 05538m101 11,528,475 313,700
- -----------------------------------------------------------------------------------------------------------------------------
BESTFOODS COM COM 08658U101 24,444,700 520,100
- -----------------------------------------------------------------------------------------------------------------------------
BLOCK DRUG INC COM 093644102 4,835,868 117,948
- -----------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC COM COM 093671105 26,141,525 551,800
- -----------------------------------------------------------------------------------------------------------------------------
BOB EVANS FARMS INC COM COM 096761101 10,494,000 524,700
- -----------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM COM 097383103 25,254,975 783,100
- -----------------------------------------------------------------------------------------------------------------------------
BOWATER INC COM COM 102183100 11,828,062 298,500
- -----------------------------------------------------------------------------------------------------------------------------
BOWNE & CO INC COM COM 103043105 7,203,006 616,300
- -----------------------------------------------------------------------------------------------------------------------------
BREED TECHNOLOGIES INC COM COM 106702103 1,167,075 327,600
- -----------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM COM 110122108 391,162 6,100
- -----------------------------------------------------------------------------------------------------------------------------
BTI CAP TR PFD TR CV 144A CVT 05576M203 3,649,800 347,600
- -----------------------------------------------------------------------------------------------------------------------------
BURLINGTON NRTHN SANTA COM COM 12189T104 16,391,475 498,600
- -----------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CL A CLA 143658102 432,206 8,900
- -----------------------------------------------------------------------------------------------------------------------------
CASCADE NAT GAS CORP COM COM 147339105 1,068,031 71,500
- -----------------------------------------------------------------------------------------------------------------------------
CATO CORP NEW CL A CLA 149205106 8,234,112 884,200
- -----------------------------------------------------------------------------------------------------------------------------
CFS BANCORP INC COM COM 12525d102 1,045,800 99,600
- -----------------------------------------------------------------------------------------------------------------------------
CFW COMMUNICATIONS COM COM 124923103 2,272,787 105,100
- -----------------------------------------------------------------------------------------------------------------------------
CHIQUITA BRANDS INTL COM COM 170032106 1,628,981 159,900
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 200,084,140
- -----------------------------------------------------------------------------------------------------------------------------
</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>
BAUSCH & LOMB INC COM X 266,900
- ----------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC COM X 374,600
- ----------------------------------------------------------------------------------------------------------------------------------
BEC ENERGY COM X 313,700
- ----------------------------------------------------------------------------------------------------------------------------------
BESTFOODS COM X 520,100
- ----------------------------------------------------------------------------------------------------------------------------------
BLOCK DRUG INC X 117,948
- ----------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC COM X 551,800
- ----------------------------------------------------------------------------------------------------------------------------------
BOB EVANS FARMS INC COM X 524,700
- ----------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM X 783,100
- ----------------------------------------------------------------------------------------------------------------------------------
BOWATER INC COM X 298,500
- ----------------------------------------------------------------------------------------------------------------------------------
BOWNE & CO INC COM X 616,300
- ----------------------------------------------------------------------------------------------------------------------------------
BREED TECHNOLOGIES INC COM X 327,600
- ----------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM X 6,100
- ----------------------------------------------------------------------------------------------------------------------------------
BTI CAP TR PFD TR CV 144A X 347,600
- ----------------------------------------------------------------------------------------------------------------------------------
BURLINGTON NRTHN SANTA COM X 498,600
- ----------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CL A X 8,900
- ----------------------------------------------------------------------------------------------------------------------------------
CASCADE NAT GAS CORP COM X 71,500
- ----------------------------------------------------------------------------------------------------------------------------------
CATO CORP NEW CL A X 884,200
- ----------------------------------------------------------------------------------------------------------------------------------
CFS BANCORP INC COM X 99,600
- ----------------------------------------------------------------------------------------------------------------------------------
CFW COMMUNICATIONS COM X 105,100
- ----------------------------------------------------------------------------------------------------------------------------------
CHIQUITA BRANDS INTL COM X 159,900
- ----------------------------------------------------------------------------------------------------------------------------------
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>
CINERGY CORP COM COM 172474108 16,497,250 599,900
- -----------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM COM 17275R102 438,250 4,000
- -----------------------------------------------------------------------------------------------------------------------------
COCA COLA CO COM COM 191216100 257,775 4,200
- -----------------------------------------------------------------------------------------------------------------------------
COHU INC COM COM 192576106 1,925,100 82,800
- -----------------------------------------------------------------------------------------------------------------------------
COLLAGEN CORP COM COM 194194106 3,328,469 247,700
- -----------------------------------------------------------------------------------------------------------------------------
COLLINS INDS INC COM COM 194858106 201,875 42,500
- -----------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM COM 197648108 9,875,250 189,000
- -----------------------------------------------------------------------------------------------------------------------------
COMMERCIAL INTERTECH COM COM 201709102 806,562 72,500
- -----------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH BANCORP COM COM 20268X102 2,783,869 183,300
- -----------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH ENERGY SY COM SH BEN INT COM 202800108 1,573,200 41,400
- -----------------------------------------------------------------------------------------------------------------------------
COMPAQ COMPUTER CORP COM COM 204493100 294,694 9,300
- -----------------------------------------------------------------------------------------------------------------------------
CONAGRA INC COM COM 205887102 2,993,000 116,800
- -----------------------------------------------------------------------------------------------------------------------------
COOPER INDS INC COM COM 216669101 20,984,287 492,300
- -----------------------------------------------------------------------------------------------------------------------------
COOPER TIRE & RUBR CO COM COM 216831107 10,504,987 571,700
- -----------------------------------------------------------------------------------------------------------------------------
COSTCO COMPANIES INC COM COM 22160Q102 448,656 4,900
- -----------------------------------------------------------------------------------------------------------------------------
COURIER CORP COM COM 222660102 241,737 11,650
- -----------------------------------------------------------------------------------------------------------------------------
CVS CORP COM COM 126650100 299,250 6,300
- -----------------------------------------------------------------------------------------------------------------------------
CYPRUS AMAX MINERALS COM COM 232809103 11,247,150 927,600
- -----------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM COM 242361103 22,258,500 624,800
- -----------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A CLA 257870105 288,750 22,000
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 107,248,611
- -----------------------------------------------------------------------------------------------------------------------------
</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>
CINERGY CORP COM X 599,900
- ----------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM X 4,000
- ----------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO COM X 4,200
- ----------------------------------------------------------------------------------------------------------------------------------
COHU INC COM X 82,800
- ----------------------------------------------------------------------------------------------------------------------------------
COLLAGEN CORP COM X 247,700
- ----------------------------------------------------------------------------------------------------------------------------------
COLLINS INDS INC COM X 42,500
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP COM X 189,000
- ----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL INTERTECH COM X 72,500
- ----------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH BANCORP COM X 183,300
- ----------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH ENERGY SY COM SH BEN INT X 41,400
- ----------------------------------------------------------------------------------------------------------------------------------
COMPAQ COMPUTER CORP COM X 9,300
- ----------------------------------------------------------------------------------------------------------------------------------
CONAGRA INC COM X 116,800
- ----------------------------------------------------------------------------------------------------------------------------------
COOPER INDS INC COM X 492,300
- ----------------------------------------------------------------------------------------------------------------------------------
COOPER TIRE & RUBR CO COM X 571,700
- ----------------------------------------------------------------------------------------------------------------------------------
COSTCO COMPANIES INC COM X 4,900
- ----------------------------------------------------------------------------------------------------------------------------------
COURIER CORP COM X 11,650
- ----------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM X 6,300
- ----------------------------------------------------------------------------------------------------------------------------------
CYPRUS AMAX MINERALS COM X 927,600
- ----------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM X 624,800
- ----------------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A X 22,000
- ----------------------------------------------------------------------------------------------------------------------------------
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>
DU PONT E I DE NEMOURS COM COM 263534109 11,798,300 203,200
- -----------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM COM 268648102 536,550 4,200
- -----------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM COM 276317104 338,512 15,300
- -----------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM COM 277461109 16,601,112 259,900
- -----------------------------------------------------------------------------------------------------------------------------
EG & G INC COM COM 268457108 22,334,350 846,800
- -----------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM COM 291011104 25,383,531 479,500
- -----------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM COM 292896107 304,500 29,000
- -----------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM COM 293389102 4,442,437 551,000
- -----------------------------------------------------------------------------------------------------------------------------
EQUITY RESIDENT PPTYS SH BEN INT COM 29476L107 6,975,375 169,100
- -----------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM COM 306075102 200,925 28,200
- -----------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM COM 313586109 283,925 4,100
- -----------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES COM COM 31410H101 236,737 5,900
- -----------------------------------------------------------------------------------------------------------------------------
FELCOR LODGING TRUST COM 31430F101 5,831,656 251,500
- -----------------------------------------------------------------------------------------------------------------------------
FIRST AMER CORP TENN COM COM 318900107 11,375,937 308,500
- -----------------------------------------------------------------------------------------------------------------------------
FIRST VA BANKS INC COM COM 337477103 11,111,200 243,200
- -----------------------------------------------------------------------------------------------------------------------------
FLOWERS INDS INC COM COM 343496105 14,179,075 575,800
- -----------------------------------------------------------------------------------------------------------------------------
FLOWSERVE CORP COM COM 34354p105 7,385,962 474,600
- -----------------------------------------------------------------------------------------------------------------------------
FORTUNE BRANDS COM 349631101 19,581,100 508,600
- -----------------------------------------------------------------------------------------------------------------------------
FREDS INC CL A CLA 356108100 3,374,800 306,800
- -----------------------------------------------------------------------------------------------------------------------------
FSF FINL CORP COM COM 30262k105 152,625 11,100
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 162,428,609
- -----------------------------------------------------------------------------------------------------------------------------
</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>
DU PONT E I DE NEMOURS COM X 203,200
- ----------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM X 4,200
- ----------------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM X 15,300
- ----------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM X 259,900
- ----------------------------------------------------------------------------------------------------------------------------------
EG & G INC COM X 846,800
- ----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM X 479,500
- ----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM X 29,000
- ----------------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM X 551,000
- ----------------------------------------------------------------------------------------------------------------------------------
EQUITY RESIDENT PPTYS SH BEN INT X 169,100
- ----------------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM X 28,200
- ----------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM X 4,100
- ----------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES COM X 5,900
- ----------------------------------------------------------------------------------------------------------------------------------
FELCOR LODGING TRUST X 251,500
- ----------------------------------------------------------------------------------------------------------------------------------
FIRST AMER CORP TENN COM X 308,500
- ----------------------------------------------------------------------------------------------------------------------------------
FIRST VA BANKS INC COM X 243,200
- ----------------------------------------------------------------------------------------------------------------------------------
FLOWERS INDS INC COM X 575,800
- ----------------------------------------------------------------------------------------------------------------------------------
FLOWSERVE CORP COM X 474,600
- ----------------------------------------------------------------------------------------------------------------------------------
FORTUNE BRANDS X 508,600
- ----------------------------------------------------------------------------------------------------------------------------------
FREDS INC CL A X 306,800
- ----------------------------------------------------------------------------------------------------------------------------------
FSF FINL CORP COM X 11,100
- ----------------------------------------------------------------------------------------------------------------------------------
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>
GAP INC DEL COM COM 364760108 427,434 6,350
- -----------------------------------------------------------------------------------------------------------------------------
GARAN INC COM COM 364802108 13,501,887 548,300
- -----------------------------------------------------------------------------------------------------------------------------
GENERAL CABLE DEL NEW COM COM 369300108 8,100,381 766,900
- -----------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM COM 369604103 696,937 6,300
- -----------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO COM COM 372460105 16,889,887 586,200
- -----------------------------------------------------------------------------------------------------------------------------
GEON CO COM COM 37246W105 7,860,125 345,500
- -----------------------------------------------------------------------------------------------------------------------------
GIANT INDS INC COM COM 374508109 4,437,087 518,200
- -----------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM COM 375766102 427,950 7,200
- -----------------------------------------------------------------------------------------------------------------------------
GREENBRIER COS INC COM COM 393657101 4,139,150 435,700
- -----------------------------------------------------------------------------------------------------------------------------
GTE CORP COM 362320103 22,914,859 378,758
- -----------------------------------------------------------------------------------------------------------------------------
GUARANTY FEDERAL SAVINGS BANK COM 40108p101 110,625 10,000
- -----------------------------------------------------------------------------------------------------------------------------
HANNA M A CO COM COM 410522106 8,612,562 672,200
- -----------------------------------------------------------------------------------------------------------------------------
HANNAFORD BROS CO COM COM 410550107 5,761,475 126,800
- -----------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL COM COM 413875105 20,183,487 705,100
- -----------------------------------------------------------------------------------------------------------------------------
HASKEL INTL INC CL A CLA 418106100 249,975 20,200
- -----------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM COM 419352109 7,367,719 561,350
- -----------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM COM 421959107 14,161,019 2,005,100
- -----------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO COM COM 422893107 8,575,975 1,653,200
- -----------------------------------------------------------------------------------------------------------------------------
HEINZ H J CO COM COM 423074103 18,466,775 389,800
- -----------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM COM 423319102 22,349,100 1,453,600
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 185,234,409
- -----------------------------------------------------------------------------------------------------------------------------
</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>
GAP INC DEL COM X 6,350
- ----------------------------------------------------------------------------------------------------------------------------------
GARAN INC COM X 548,300
- ----------------------------------------------------------------------------------------------------------------------------------
GENERAL CABLE DEL NEW COM X 766,900
- ----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM X 6,300
- ----------------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO COM X 586,200
- ----------------------------------------------------------------------------------------------------------------------------------
GEON CO COM X 345,500
- ----------------------------------------------------------------------------------------------------------------------------------
GIANT INDS INC COM X 518,200
- ----------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM X 7,200
- ----------------------------------------------------------------------------------------------------------------------------------
GREENBRIER COS INC COM X 435,700
- ----------------------------------------------------------------------------------------------------------------------------------
GTE CORP X 378,758
- ----------------------------------------------------------------------------------------------------------------------------------
GUARANTY FEDERAL SAVINGS BANK X 10,000
- ----------------------------------------------------------------------------------------------------------------------------------
HANNA M A CO COM X 672,200
- ----------------------------------------------------------------------------------------------------------------------------------
HANNAFORD BROS CO COM X 126,800
- ----------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL COM X 705,100
- ----------------------------------------------------------------------------------------------------------------------------------
HASKEL INTL INC CL A X 20,200
- ----------------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM X 561,350
- ----------------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM X 2,005,100
- ----------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO COM X 1,653,200
- ----------------------------------------------------------------------------------------------------------------------------------
HEINZ H J CO COM X 389,800
- ----------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM X 1,453,600
- ----------------------------------------------------------------------------------------------------------------------------------
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>
HERCULES INC COM COM 427056106 19,695,000 780,000
- -----------------------------------------------------------------------------------------------------------------------------
HOLLY CORP COM PAR $0.01 COM 435758305 10,901,962 815,100
- -----------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM COM 437076102 585,150 9,400
- -----------------------------------------------------------------------------------------------------------------------------
HOWELL CORP COM COM 443051107 355,125 94,700
- -----------------------------------------------------------------------------------------------------------------------------
HUBBELL INC CL B CLB 443510201 21,984,000 549,600
- -----------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES COM COM 446150104 5,763,656 186,300
- -----------------------------------------------------------------------------------------------------------------------------
ICO INC COM NEW COM 449293109 1,352,934 1,110,100
- -----------------------------------------------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC COM 45254p102 3,091,000 618,200
- -----------------------------------------------------------------------------------------------------------------------------
INGLES MKTS INC CL A CLA 457030104 4,985,250 433,500
- -----------------------------------------------------------------------------------------------------------------------------
INSTEEL INDUSTRIES INC COM COM 45774W108 275,625 49,000
- -----------------------------------------------------------------------------------------------------------------------------
INSTRON CORP COM COM 457776102 207,962 13,100
- -----------------------------------------------------------------------------------------------------------------------------
INTEL CORP COM COM 458140100 499,275 4,200
- -----------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE COM 459200101 407,675 2,300
- -----------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM COM 460690100 358,225 4,600
- -----------------------------------------------------------------------------------------------------------------------------
INTL MULTIFOODS CORP COM COM 460043102 2,893,081 124,100
- -----------------------------------------------------------------------------------------------------------------------------
IPC HLDGS LTD ORD ORD G4933P101 2,706,975 136,200
- -----------------------------------------------------------------------------------------------------------------------------
ISB FINL CORP LA COM COM 450091103 11,360,750 626,800
- -----------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM COM 478160104 355,300 3,800
- -----------------------------------------------------------------------------------------------------------------------------
JOHNSTON IND DEL COM COM 479368102 1,858,312 874,500
- -----------------------------------------------------------------------------------------------------------------------------
KEITHLEY INSTRS INC COM COM 487584104 174,850 26,900
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 89,812,107
- -----------------------------------------------------------------------------------------------------------------------------
</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>
HERCULES INC COM X 780,000
- ----------------------------------------------------------------------------------------------------------------------------------
HOLLY CORP COM PAR $0.01 X 815,100
- ----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM X 9,400
- ----------------------------------------------------------------------------------------------------------------------------------
HOWELL CORP COM X 94,700
- ----------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC CL B X 549,600
- ----------------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES COM X 186,300
- ----------------------------------------------------------------------------------------------------------------------------------
ICO INC COM NEW X 1,110,100
- ----------------------------------------------------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC X 618,200
- ----------------------------------------------------------------------------------------------------------------------------------
INGLES MKTS INC CL A X 433,500
- ----------------------------------------------------------------------------------------------------------------------------------
INSTEEL INDUSTRIES INC COM X 49,000
- ----------------------------------------------------------------------------------------------------------------------------------
INSTRON CORP COM X 13,100
- ----------------------------------------------------------------------------------------------------------------------------------
INTEL CORP COM X 4,200
- ----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE X 2,300
- ----------------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM X 4,600
- ----------------------------------------------------------------------------------------------------------------------------------
INTL MULTIFOODS CORP COM X 124,100
- ----------------------------------------------------------------------------------------------------------------------------------
IPC HLDGS LTD ORD X 136,200
- ----------------------------------------------------------------------------------------------------------------------------------
ISB FINL CORP LA COM X 626,800
- ----------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM X 3,800
- ----------------------------------------------------------------------------------------------------------------------------------
JOHNSTON IND DEL COM X 874,500
- ----------------------------------------------------------------------------------------------------------------------------------
KEITHLEY INSTRS INC COM X 26,900
- ----------------------------------------------------------------------------------------------------------------------------------
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>
KELLWOOD CO COM COM 488044108 7,084,269 321,100
- -----------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP COM COM 492386107 16,773,750 511,200
- -----------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP COM COM 494368103 22,003,312 459,000
- -----------------------------------------------------------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM COM 49842P103 1,439,362 87,900
- -----------------------------------------------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD ORD G5299G106 12,934,912 749,850
- -----------------------------------------------------------------------------------------------------------------------------
LILLY ELI & CO COM COM 532457108 297,062 3,500
- -----------------------------------------------------------------------------------------------------------------------------
LINDBERG CORP COM COM 535171102 145,406 16,500
- -----------------------------------------------------------------------------------------------------------------------------
LONGS DRUG STORES CORP COM COM 543162101 17,175,881 564,300
- -----------------------------------------------------------------------------------------------------------------------------
LSI INDS INC COM COM 50216C108 9,925,875 588,200
- -----------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES COM 549463107 280,800 2,600
- -----------------------------------------------------------------------------------------------------------------------------
MARRIOTT INTL INC NEW CL A CLA 571903202 272,362 8,100
- -----------------------------------------------------------------------------------------------------------------------------
MASCO CORP COM COM 574599106 293,800 10,400
- -----------------------------------------------------------------------------------------------------------------------------
MAY DEPT.STORE COM 577778103 20,834,062 532,500
- -----------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM COM 55262L100 281,725 11,800
- -----------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM COM 580135101 453,125 10,000
- -----------------------------------------------------------------------------------------------------------------------------
MCN CORP COM 55267J100 4,961,706 308,900
- -----------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC COM COM 585055106 345,000 4,800
- -----------------------------------------------------------------------------------------------------------------------------
MERCANTILE BANCORPORTN COM COM 587342106 11,495,000 242,000
- -----------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM COM 589331107 600,937 7,500
- -----------------------------------------------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM COM 589602101 248,262 39,722
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 127,846,608
- -----------------------------------------------------------------------------------------------------------------------------
</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>
KELLWOOD CO COM X 321,100
- ----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP COM X 511,200
- ----------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP COM X 459,000
- ----------------------------------------------------------------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM X 87,900
- ----------------------------------------------------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD X 749,850
- ----------------------------------------------------------------------------------------------------------------------------------
LILLY ELI & CO COM X 3,500
- ----------------------------------------------------------------------------------------------------------------------------------
LINDBERG CORP COM X 16,500
- ----------------------------------------------------------------------------------------------------------------------------------
LONGS DRUG STORES CORP COM X 564,300
- ----------------------------------------------------------------------------------------------------------------------------------
LSI INDS INC COM X 588,200
- ----------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES X 2,600
- ----------------------------------------------------------------------------------------------------------------------------------
MARRIOTT INTL INC NEW CL A X 8,100
- ----------------------------------------------------------------------------------------------------------------------------------
MASCO CORP COM X 10,400
- ----------------------------------------------------------------------------------------------------------------------------------
MAY DEPT.STORE X 532,500
- ----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM X 11,800
- ----------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM X 10,000
- ----------------------------------------------------------------------------------------------------------------------------------
MCN CORP X 308,900
- ----------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC COM X 4,800
- ----------------------------------------------------------------------------------------------------------------------------------
MERCANTILE BANCORPORTN COM X 242,000
- ----------------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM X 7,500
- ----------------------------------------------------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM X 39,722
- ----------------------------------------------------------------------------------------------------------------------------------
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>
METHODE ELECTRS INC CL A CLA 591520200 3,254,062 292,500
- -----------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP COM 594918104 797,662 8,900
- -----------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM COM 59563w104 385,756 24,887
- -----------------------------------------------------------------------------------------------------------------------------
MILLENNIUM CHEMICALS COM COM 599903101 13,932,375 701,000
- -----------------------------------------------------------------------------------------------------------------------------
MILLIPORE CORP COM COM 601073109 6,077,087 251,900
- -----------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM COM 604059105 20,241,575 286,100
- -----------------------------------------------------------------------------------------------------------------------------
MISSISSIPPI CHEM CORP COM 605288208 3,918,750 418,000
- -----------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL A CLA 606592202 6,421,481 516,300
- -----------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL B CLB 606592301 4,445,000 355,600
- -----------------------------------------------------------------------------------------------------------------------------
MODERN CTLS INC COM COM 607556107 384,750 85,500
- -----------------------------------------------------------------------------------------------------------------------------
MONARCH MACH TOOL CO COM COM 609150107 212,437 30,900
- -----------------------------------------------------------------------------------------------------------------------------
MTS SYS CORP COM COM 553777103 310,837 30,700
- -----------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP COM COM 626717102 11,898,050 286,700
- -----------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM COM 636180101 6,154,400 156,800
- -----------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC COM COM 637657107 12,814,312 376,200
- -----------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM COM 651192106 251,750 5,300
- -----------------------------------------------------------------------------------------------------------------------------
NICOR INC COM COM 654086107 6,745,469 187,700
- -----------------------------------------------------------------------------------------------------------------------------
NN BALL & ROLLER INC COM COM 629305103 5,736,412 1,008,600
- -----------------------------------------------------------------------------------------------------------------------------
NORTH CENT BANCSHARES COM COM 658418108 1,864,275 111,300
- -----------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COM COM 666807102 18,998,337 317,300
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 124,844,777
- -----------------------------------------------------------------------------------------------------------------------------
</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>
METHODE ELECTRS INC CL A X 292,500
- ----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP X 8,900
- ----------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM X 24,887
- ----------------------------------------------------------------------------------------------------------------------------------
MILLENNIUM CHEMICALS COM X 701,000
- ----------------------------------------------------------------------------------------------------------------------------------
MILLIPORE CORP COM X 251,900
- ----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM X 286,100
- ----------------------------------------------------------------------------------------------------------------------------------
MISSISSIPPI CHEM CORP X 418,000
- ----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL A X 516,300
- ----------------------------------------------------------------------------------------------------------------------------------
MITCHELL ENERGY & DEV CL B X 355,600
- ----------------------------------------------------------------------------------------------------------------------------------
MODERN CTLS INC COM X 85,500
- ----------------------------------------------------------------------------------------------------------------------------------
MONARCH MACH TOOL CO COM X 30,900
- ----------------------------------------------------------------------------------------------------------------------------------
MTS SYS CORP COM X 30,700
- ----------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP COM X 286,700
- ----------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM X 156,800
- ----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC COM X 376,200
- ----------------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM X 5,300
- ----------------------------------------------------------------------------------------------------------------------------------
NICOR INC COM X 187,700
- ----------------------------------------------------------------------------------------------------------------------------------
NN BALL & ROLLER INC COM X 1,008,600
- ----------------------------------------------------------------------------------------------------------------------------------
NORTH CENT BANCSHARES COM X 111,300
- ----------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP COM X 317,300
- ----------------------------------------------------------------------------------------------------------------------------------
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>
OGE ENERGY CORP COM COM 670837103 7,317,019 324,300
- -----------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM COM 677007106 230,344 10,500
- -----------------------------------------------------------------------------------------------------------------------------
OMEGA PROTEIN CORP COM COM 68210p107 9,494,287 1,489,300
- -----------------------------------------------------------------------------------------------------------------------------
OREGON STL MLS INC COM COM 686079104 6,129,109 587,220
- -----------------------------------------------------------------------------------------------------------------------------
OSHKOSH TRUCK CORP COM 688239201 6,886,750 211,900
- -----------------------------------------------------------------------------------------------------------------------------
OWOSSO CORP COM COM 691217103 172,000 43,000
- -----------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM COM 700416209 8,692,650 369,900
- -----------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM COM 701094104 21,039,775 614,300
- -----------------------------------------------------------------------------------------------------------------------------
PEERLESS MFG CO COM COM 705514107 311,250 33,200
- -----------------------------------------------------------------------------------------------------------------------------
PENN VA CORP COM COM 707882106 3,501,962 199,400
- -----------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC COM COM 708160106 20,744,100 512,200
- -----------------------------------------------------------------------------------------------------------------------------
PENNZOIL ENERGY COM 70931q109 5,231,100 498,200
- -----------------------------------------------------------------------------------------------------------------------------
PENNZOIL-QUAKER STATE COM COM 709323109 8,035,087 649,300
- -----------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM COM 711030106 8,242,919 255,100
- -----------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM COM 713448108 344,850 8,800
- -----------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM COM 717081103 388,500 2,800
- -----------------------------------------------------------------------------------------------------------------------------
PHARMACIA & UPJOHN INC COM COM 716941109 11,098,259 177,928
- -----------------------------------------------------------------------------------------------------------------------------
PIONEER STD ELECTRS COM COM 723877106 4,463,812 680,200
- -----------------------------------------------------------------------------------------------------------------------------
PIZZA INN INC COM 725848105 255,000 85,000
- -----------------------------------------------------------------------------------------------------------------------------
PNC BK CORP COM COM 693475105 23,419,594 421,500
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 145,998,367
- -----------------------------------------------------------------------------------------------------------------------------
</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 324,300
- ----------------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM X 10,500
- ----------------------------------------------------------------------------------------------------------------------------------
OMEGA PROTEIN CORP COM X 1,489,300
- ----------------------------------------------------------------------------------------------------------------------------------
OREGON STL MLS INC COM X 587,220
- ----------------------------------------------------------------------------------------------------------------------------------
OSHKOSH TRUCK CORP X 211,900
- ----------------------------------------------------------------------------------------------------------------------------------
OWOSSO CORP COM X 43,000
- ----------------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM X 369,900
- ----------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM X 614,300
- ----------------------------------------------------------------------------------------------------------------------------------
PEERLESS MFG CO COM X 33,200
- ----------------------------------------------------------------------------------------------------------------------------------
PENN VA CORP COM X 199,400
- ----------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC COM X 512,200
- ----------------------------------------------------------------------------------------------------------------------------------
PENNZOIL ENERGY X 498,200
- ----------------------------------------------------------------------------------------------------------------------------------
PENNZOIL-QUAKER STATE COM X 649,300
- ----------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM X 255,100
- ----------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM X 8,800
- ----------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM X 2,800
- ----------------------------------------------------------------------------------------------------------------------------------
PHARMACIA & UPJOHN INC COM X 177,928
- ----------------------------------------------------------------------------------------------------------------------------------
PIONEER STD ELECTRS COM X 680,200
- ----------------------------------------------------------------------------------------------------------------------------------
PIZZA INN INC X 85,000
- ----------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP COM X 421,500
- ----------------------------------------------------------------------------------------------------------------------------------
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>
POCAHONTAS COM 730234101 183,682 25,780
- -----------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COM COM 732827100 4,201,125 659,000
- -----------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM COM 742718109 499,481 5,100
- -----------------------------------------------------------------------------------------------------------------------------
PULITZER, INC. COM 745769109 2,224,062 55,000
- -----------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM COM 747316107 6,535,637 462,700
- -----------------------------------------------------------------------------------------------------------------------------
QUANEX CORP COM COM 747620102 7,638,400 492,800
- -----------------------------------------------------------------------------------------------------------------------------
QUIXOTE CORP COM COM 749056107 364,000 32,000
- -----------------------------------------------------------------------------------------------------------------------------
RAYONIER INC COM COM 754907103 9,054,125 226,000
- -----------------------------------------------------------------------------------------------------------------------------
RELIASTAR FINL CORP COM COM 75952u103 10,831,012 254,100
- -----------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO COM COM 761763101 19,344,325 400,400
- -----------------------------------------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM COM 763165107 272,344 52,500
- -----------------------------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM COM 773903109 20,955,637 493,800
- -----------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS COM 775371107 16,871,869 502,700
- -----------------------------------------------------------------------------------------------------------------------------
RPM INC OHIO COM COM 749685103 7,415,062 557,000
- -----------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD COM COM 806857108 210,656 3,500
- -----------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A CLA 811371707 14,353,762 497,100
- -----------------------------------------------------------------------------------------------------------------------------
SELAS CORP AMER COM COM 816119101 194,119 35,700
- -----------------------------------------------------------------------------------------------------------------------------
SIGNATURE INNS INC PFD CONV SER A PFD 826680308 2,294,900 173,200
- -----------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM COM 829060102 5,798,100 602,400
- -----------------------------------------------------------------------------------------------------------------------------
SMITHFIELD COS INC COM COM 832245104 232,500 30,000
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 129,474,798
- -----------------------------------------------------------------------------------------------------------------------------
</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>
POCAHONTAS X 25,780
- ----------------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COM X 659,000
- ----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM X 5,100
- ----------------------------------------------------------------------------------------------------------------------------------
PULITZER, INC. X 55,000
- ----------------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM X 462,700
- ----------------------------------------------------------------------------------------------------------------------------------
QUANEX CORP COM X 492,800
- ----------------------------------------------------------------------------------------------------------------------------------
QUIXOTE CORP COM X 32,000
- ----------------------------------------------------------------------------------------------------------------------------------
RAYONIER INC COM X 226,000
- ----------------------------------------------------------------------------------------------------------------------------------
RELIASTAR FINL CORP COM X 254,100
- ----------------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO COM X 400,400
- ----------------------------------------------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM X 52,500
- ----------------------------------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM X 493,800
- ----------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS X 502,700
- ----------------------------------------------------------------------------------------------------------------------------------
RPM INC OHIO COM X 557,000
- ----------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD COM X 3,500
- ----------------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A X 497,100
- ----------------------------------------------------------------------------------------------------------------------------------
SELAS CORP AMER COM X 35,700
- ----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE INNS INC PFD CONV SER A X 173,200
- ----------------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM X 602,400
- ----------------------------------------------------------------------------------------------------------------------------------
SMITHFIELD COS INC COM X 30,000
- ----------------------------------------------------------------------------------------------------------------------------------
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>
SPAN AMER MED SYS INC COM COM 846396109 268,600 63,200
- -----------------------------------------------------------------------------------------------------------------------------
STANDARD PAC CORP NEW COM COM 85375C101 10,800,837 838,900
- -----------------------------------------------------------------------------------------------------------------------------
STRIDE RITE CORP COM COM 863314100 14,140,052 1,154,290
- -----------------------------------------------------------------------------------------------------------------------------
STURM RUGER & CO INC COM COM 864159108 6,871,000 687,100
- -----------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM COM 866005101 23,318,100 597,900
- -----------------------------------------------------------------------------------------------------------------------------
SUPERIOR INDS INTL INC COM COM 868168105 5,356,800 230,400
- -----------------------------------------------------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM COM 869099101 6,165,272 335,525
- -----------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM COM 871565107 145,750 21,200
- -----------------------------------------------------------------------------------------------------------------------------
SYSCO CORP COM COM 871829107 331,537 12,600
- -----------------------------------------------------------------------------------------------------------------------------
TAB PRODS CO DEL COM COM 873197107 169,575 35,700
- -----------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM COM 876553306 6,225,411 559,587
- -----------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC COM 879131100 8,438,550 334,200
- -----------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM COM 879664100 449,650 4,600
- -----------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM COM 879868107 20,393,750 325,000
- -----------------------------------------------------------------------------------------------------------------------------
TEXACO INC COM COM 881694103 11,440,800 201,600
- -----------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM COM 884315102 21,778,737 579,800
- -----------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM COM 887134104 389,024 34,200
- -----------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP COM 891027104 10,803,100 341,600
- -----------------------------------------------------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL COM COM 893889105 231,000 14,000
- -----------------------------------------------------------------------------------------------------------------------------
TRION INC COM COM 896726106 455,625 135,000
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 148,173,170
- -----------------------------------------------------------------------------------------------------------------------------
</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>
SPAN AMER MED SYS INC COM X 63,200
- ----------------------------------------------------------------------------------------------------------------------------------
STANDARD PAC CORP NEW COM X 838,900
- ----------------------------------------------------------------------------------------------------------------------------------
STRIDE RITE CORP COM X 1,154,290
- ----------------------------------------------------------------------------------------------------------------------------------
STURM RUGER & CO INC COM X 687,100
- ----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM X 597,900
- ----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR INDS INTL INC COM X 230,400
- ----------------------------------------------------------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM X 335,525
- ----------------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM X 21,200
- ----------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP COM X 12,600
- ----------------------------------------------------------------------------------------------------------------------------------
TAB PRODS CO DEL COM X 35,700
- ----------------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM X 559,587
- ----------------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC X 334,200
- ----------------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM X 4,600
- ----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM X 325,000
- ----------------------------------------------------------------------------------------------------------------------------------
TEXACO INC COM X 201,600
- ----------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM X 579,800
- ----------------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM X 34,200
- ----------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP X 341,600
- ----------------------------------------------------------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL COM X 14,000
- ----------------------------------------------------------------------------------------------------------------------------------
TRION INC COM X 135,000
- ----------------------------------------------------------------------------------------------------------------------------------
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>
TRUE NORTH COMMUNICATN COM COM 897844106 6,218,800 222,100
- -----------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM COM 900902107 233,825 19,900
- -----------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM COM 902124106 337,225 4,700
- -----------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM COM 910571108 277,475 100,900
- -----------------------------------------------------------------------------------------------------------------------------
WALLACE COMPUTER SVCS COM COM 932270101 1,232,337 62,200
- -----------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM COM 934488107 271,625 4,100
- -----------------------------------------------------------------------------------------------------------------------------
WASTE MGMT INC DEL COM COM 94106L109 235,187 5,300
- -----------------------------------------------------------------------------------------------------------------------------
WELLMAN INC COM COM 949702104 3,738,150 421,200
- -----------------------------------------------------------------------------------------------------------------------------
WILLAMETTE INDS INC COM COM 969133107 20,011,275 530,100
- -----------------------------------------------------------------------------------------------------------------------------
WILSHIRE REAL ESTATE COM COM 971892104 2,511,823 705,073
- -----------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM COM 979438108 157,906 16,300
- -----------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM COM 984121103 291,900 5,600
- -----------------------------------------------------------------------------------------------------------------------------
XTRA CORP COM COM 984138107 2,792,981 72,900
- -----------------------------------------------------------------------------------------------------------------------------
ZAPATA CORP COM NEW COM 989070503 5,571,637 623,400
- -----------------------------------------------------------------------------------------------------------------------------
TELSTRA CORP ADR ADR 87969n204 369,250 3,500
- -----------------------------------------------------------------------------------------------------------------------------
WBK STRYPES TR 10% CONV PREF 15Nov 2000 PFD 929229102 269,587 7,900
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Column Totals 44,520,983
- -----------------------------------------------------------------------------------------------------------------------------
Aggregate Totals 1,624,996,207
- -----------------------------------------------------------------------------------------------------------------------------
</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>
TRUE NORTH COMMUNICATN COM X 222,100
- ----------------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM X 19,900
- ----------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM X 4,700
- ----------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM X 100,900
- ----------------------------------------------------------------------------------------------------------------------------------
WALLACE COMPUTER SVCS COM X 62,200
- ----------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO COM X 4,100
- ----------------------------------------------------------------------------------------------------------------------------------
WASTE MGMT INC DEL COM X 5,300
- ----------------------------------------------------------------------------------------------------------------------------------
WELLMAN INC COM X 421,200
- ----------------------------------------------------------------------------------------------------------------------------------
WILLAMETTE INDS INC COM X 530,100
- ----------------------------------------------------------------------------------------------------------------------------------
WILSHIRE REAL ESTATE COM X 705,073
- ----------------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM X 16,300
- ----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM X 5,600
- ----------------------------------------------------------------------------------------------------------------------------------
XTRA CORP COM X 72,900
- ----------------------------------------------------------------------------------------------------------------------------------
ZAPATA CORP COM NEW X 623,400
- ----------------------------------------------------------------------------------------------------------------------------------
TELSTRA CORP ADR X 3,500
- ----------------------------------------------------------------------------------------------------------------------------------
WBK STRYPES TR 10% CONV PREF 15Nov 2000 X 7,900
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Column Totals
- ----------------------------------------------------------------------------------------------------------------------------------
Aggregate Totals
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
