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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 June 30, 2000.
(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
If amended report check here: [ ]
DEPRINCE, RACE & ZOLLO, INC.
--------------------------------------------------------------------------------
Name of Institutional Investment Manager
201 SOUTH ORANGE AVE., SUITE 850, ORLANDO, FLORIDA 32801
--------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
JOHN D. RACE, PARTNER
--------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C 78FF(a).
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete
as previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be
signed on its behalf in the City of ORLANDO and State of FLORIDA on the 10th
day of August, 2000.
JOHN D. RACE
----------------------------------------
(Name of Institional Investment Manager)
/s/ JOHN D. RACE
-----------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report):
(LIST IN ALPHABETICAL ORDER).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name:___________________ 13F File No.: Name:______________________ 13F File No.
1.______________________ _____________ 6._________________________ _____________
2.______________________ _____________ 7._________________________ _____________
3.______________________ _____________ 8._________________________ _____________
4.______________________ _____________ 9._________________________ _____________
5.______________________ _____________10._________________________ _____________
SEC 1685 (5/91)
<PAGE>
FORM 13 F
Page__ 1_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
==================================================================================================================================
<S> <C> <C> <C> <C> <C>
ABBOTT LABS COM COM 002824100 8,351 187,400
------------------------------------------------------------------------------- ---------------------
AK STL HLDG CORP COM COM 001547108 15,125 1,890,600
------------------------------------------------------------------------------- ---------------------
ALCOA INC COM 013817101 11,027 380,248
------------------------------------------------------------------------------- ---------------------
ALLSTATE CORP COM COM 020002101 11,176 502,300
------------------------------------------------------------------------------- ---------------------
ALLTEL CORP COM COM 020039103 18,594 300,200
------------------------------------------------------------------------------- ---------------------
AMERICA ONLINE INC DEL COM COM 02364J104 616 11,700
------------------------------------------------------------------------------- ---------------------
AMERICAN CAPITAL STRAT COM COM 024937104 6,186 259,100
------------------------------------------------------------------------------- ---------------------
AMERICAN EXPRESS CO COM COM 025816109 688 13,200
------------------------------------------------------------------------------- ---------------------
AMERICAN FNCL HLDG COM 026075101 2,699 170,000
------------------------------------------------------------------------------- ---------------------
AMERICAN HOME PRODS CP COM COM 026609107 8,701 148,100
------------------------------------------------------------------------------- ---------------------
AMERICAN INTL GROUP COM COM 026874107 608 5,175
------------------------------------------------------------------------------- ---------------------
ANNALY MTG MGMT INC COM COM 035710409 8,415 948,200
------------------------------------------------------------------------------- ---------------------
AON CORP COM 037389103 4,958 159,600
------------------------------------------------------------------------------- ---------------------
APPLIED MATERIALS COM 038222105 834 9,200
------------------------------------------------------------------------------- ---------------------
ASTORIA FINL CORP COM COM 046265104 6,677 259,300
------------------------------------------------------------------------------- ---------------------
ASTRO-MED INC NEW COM COM 04638f108 656 119,274
------------------------------------------------------------------------------- ---------------------
BANK OF AMERICA CORP COM 060505104 8,699 202,306
------------------------------------------------------------------------------- ---------------------
BANK UTD CORP CL A CLA 065412108 11,232 319,200
------------------------------------------------------------------------------- ---------------------
BAXTER INTL INC COM COM 071813109 15,901 226,141
------------------------------------------------------------------------------- ---------------------
BEMIS INC COM COM 081437105 9,361 278,400
==================================================================================================================================
Column Total 150,503
==================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------- Managers ================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
===================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM X 187,400
-----------------------------------------------------------------------------------------------------------------------------------
AK STL HLDG CORP COM X 1,890,600
-----------------------------------------------------------------------------------------------------------------------------------
ALCOA INC X 380,248
-----------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP COM X 502,300
-----------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP COM X 300,200
-----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM X 11,700
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN CAPITAL STRAT COM X 259,100
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM X 13,200
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN FNCL HLDG X 170,000
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM X 148,100
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM X 5,175
-----------------------------------------------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM X 948,200
-----------------------------------------------------------------------------------------------------------------------------------
AON CORP X 159,600
-----------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIALS X 9,200
-----------------------------------------------------------------------------------------------------------------------------------
ASTORIA FINL CORP COM X 259,300
-----------------------------------------------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM X 119,274
-----------------------------------------------------------------------------------------------------------------------------------
BANK OF AMERICA CORP X 202,306
-----------------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CL A X 319,200
-----------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC COM X 226,141
-----------------------------------------------------------------------------------------------------------------------------------
BEMIS INC COM X 278,400
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 2_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
==================================================================================================================================
<S> <C> <C> <C> <C>
BERKSHIRE HILLS BANC COM COM 084680107 4,677 366,800
------------------------------------------------------------------------------- ---------------------
BESTFOODS COM COM 08658U101 630 9,100
------------------------------------------------------------------------------- ---------------------
BLOCK H & R INC COM COM 093671105 9,130 282,000
------------------------------------------------------------------------------- ---------------------
BMC SOFTWARE INC COM COM 055921100 343 9,400
------------------------------------------------------------------------------- ---------------------
BOEING CO COM COM 097023105 16,370 391,500
------------------------------------------------------------------------------- ---------------------
BOISE CASCADE CORP COM COM 097383103 13,473 520,700
------------------------------------------------------------------------------- ---------------------
BOWATER INC COM COM 102183100 12,593 285,400
------------------------------------------------------------------------------- ---------------------
BRISTOL MYERS SQUIBB COM COM 110122108 536 9,200
------------------------------------------------------------------------------- ---------------------
CAMERON FINL CORP DEL COM COM 133425108 1,352 86,500
------------------------------------------------------------------------------- ---------------------
CANADIAN PAC LTD NEW COM COM 135923100 223 8,500
------------------------------------------------------------------------------- ---------------------
CARAUSTAR INDS COM 140909102 6,706 443,400
------------------------------------------------------------------------------- ---------------------
CATO CORP NEW CL A CLA 149205106 18,156 1,561,800
------------------------------------------------------------------------------- ---------------------
CENTURY ALUM CO COM COM 156431108 8,089 743,825
------------------------------------------------------------------------------- ---------------------
CFS BANCORP INC COM COM 12525d102 1,282 140,000
------------------------------------------------------------------------------- ---------------------
CHUBB CORP COM COM 171232101 16,722 271,900
------------------------------------------------------------------------------- ---------------------
CISCO SYS INC COM COM 17275R102 1,189 18,700
------------------------------------------------------------------------------- ---------------------
COCA COLA CO COM COM 191216100 643 11,200
------------------------------------------------------------------------------- ---------------------
COLLINS INDS INC COM COM 194858106 243 48,500
------------------------------------------------------------------------------- ---------------------
COMMERCIAL FEDERAL CP COM COM 201647104 8,197 526,700
------------------------------------------------------------------------------- ---------------------
COSTCO WHOLESALE CORP COM 22160k105 393 11,900
==================================================================================================================================
Column Total 120,945
==================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers =================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
===================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
BERKSHIRE HILLS BANC COM X 366,800
-----------------------------------------------------------------------------------------------------------------------------------
BESTFOODS COM X 9,100
-----------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC COM X 282,000
-----------------------------------------------------------------------------------------------------------------------------------
BMC SOFTWARE INC COM X 9,400
-----------------------------------------------------------------------------------------------------------------------------------
BOEING CO COM X 391,500
-----------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM X 520,700
-----------------------------------------------------------------------------------------------------------------------------------
BOWATER INC COM X 285,400
-----------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM X 9,200
-----------------------------------------------------------------------------------------------------------------------------------
CAMERON FINL CORP DEL COM X 86,500
-----------------------------------------------------------------------------------------------------------------------------------
CANADIAN PAC LTD NEW COM X 8,500
-----------------------------------------------------------------------------------------------------------------------------------
CARAUSTAR INDS X 443,400
-----------------------------------------------------------------------------------------------------------------------------------
CATO CORP NEW CL A X 1,561,800
-----------------------------------------------------------------------------------------------------------------------------------
CENTURY ALUM CO COM X 743,825
-----------------------------------------------------------------------------------------------------------------------------------
CFS BANCORP INC COM X 140,000
-----------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM X 271,900
-----------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM X 18,700
-----------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO COM X 11,200
-----------------------------------------------------------------------------------------------------------------------------------
COLLINS INDS INC COM X 48,500
-----------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CP COM X 526,700
-----------------------------------------------------------------------------------------------------------------------------------
COSTCO WHOLESALE CORP X 11,900
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 3_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
COURIER CORP COM COM 222660102 405 14,350
----------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM COM 126650100 368 9,200
----------------------------------------------------------------------------------------------------------------------------------
DATA RESH ASSOC INC COM COM 237853106 313 39,800
----------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM COM 242361103 7,301 230,400
----------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP COM COM 247025109 883 17,900
----------------------------------------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM COM 25429Q102 5,583 354,500
----------------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A CLA 257870105 294 22,600
----------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM COM 268648102 392 5,100
----------------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM COM 276317104 619 47,650
----------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM COM 277461109 15,495 260,426
----------------------------------------------------------------------------------------------------------------------------------
EDWARDS AG INC COM COM 281760108 6,954 178,300
----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM COM 291011104 20,099 332,900
----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM COM 292896107 231 24,200
----------------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM COM 293389102 3,541 442,600
----------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP COM COM 30231g102 16,598 211,442
----------------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM COM 306075102 446 46,900
----------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM COM 313586109 412 7,900
----------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP COM COM 337358105 603 24,300
----------------------------------------------------------------------------------------------------------------------------------
FIRST VA BANKS INC COM COM 337477103 6,351 182,440
----------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP COM COM 339030108 9,183 270,100
==================================================================================================================================
Column Total 96,072
==================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------- Managers ================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
COURIER CORP COM X 14,350
------------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM X 9,200
------------------------------------------------------------------------------------------------------------------------------------
DATA RESH ASSOC INC COM X 39,800
------------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO COM X 230,400
------------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP COM X 17,900
------------------------------------------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM X 354,500
------------------------------------------------------------------------------------------------------------------------------------
DONNELLY CORP CL A X 22,600
------------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM X 5,100
------------------------------------------------------------------------------------------------------------------------------------
EASTERN CO COM X 47,650
------------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM X 260,426
------------------------------------------------------------------------------------------------------------------------------------
EDWARDS AG INC COM X 178,300
------------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO COM X 332,900
------------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM X 24,200
------------------------------------------------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM X 442,600
------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP COM X 211,442
------------------------------------------------------------------------------------------------------------------------------------
FALCON PRODS INC COM X 46,900
------------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM X 7,900
------------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP COM X 24,300
------------------------------------------------------------------------------------------------------------------------------------
FIRST VA BANKS INC COM X 182,440
------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP COM X 270,100
====================================================================================================================================
Column Total
====================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 4_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
==================================================================================================================================
<S> <C> <C> <C> <C>
FLOWERS INDS INC COM COM 343496105 7,672 384,800
------------------------------------------------------------------------------- ---------------------
FPL GROUP INC COM COM 302571104 12,563 253,800
------------------------------------------------------------------------------- ---------------------
FREDS INC CL A CLA 356108100 5,821 323,400
------------------------------------------------------------------------------- ---------------------
GAP INC DEL COM COM 364760108 470 15,025
------------------------------------------------------------------------------- ---------------------
GARAN INC COM COM 364802108 5,287 233,700
------------------------------------------------------------------------------- ---------------------
GENERAL ELEC CO COM COM 369604103 1,219 23,000
------------------------------------------------------------------------------- ---------------------
GEON CO COM COM 37246W105 9,084 491,000
------------------------------------------------------------------------------- ---------------------
GILLETTE CO COM COM 375766102 297 8,500
------------------------------------------------------------------------------- ---------------------
HAVEN BANCORP INC COM COM 419352109 14,469 779,450
------------------------------------------------------------------------------- ---------------------
HEALTHPLAN SVCS CORP COM COM 421959107 8,072 3,490,800
------------------------------------------------------------------------------- ---------------------
HEILIG MEYERS CO COM COM 422893107 2,764 2,327,900
------------------------------------------------------------------------------- ---------------------
HEINZ H J CO COM COM 423074103 16,857 385,300
------------------------------------------------------------------------------- ---------------------
HELIX TECHNOLOGY CORP COM COM 423319102 57,247 1,467,860
------------------------------------------------------------------------------- ---------------------
HEWLETT PACKARD CO COM COM 428236103 687 5,500
------------------------------------------------------------------------------- ---------------------
HOLLINGER INTL INC CL A CLA 435569108 1,341 98,400
------------------------------------------------------------------------------- ---------------------
HOME DEPOT INC COM COM 437076102 1,041 20,850
------------------------------------------------------------------------------- ---------------------
HONEYWELL INC COM COM 438516106 13,182 391,300
------------------------------------------------------------------------------- ---------------------
HOWELL CORP COM COM 443051107 377 39,700
------------------------------------------------------------------------------- ---------------------
HUBBELL INC CL B CLB 443510201 13,110 514,100
------------------------------------------------------------------------------- ---------------------
HUDSON RIV BANCORP INC COM COM 444128102 876 73,800
==================================================================================================================================
Column Total 172,435
==================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers ===================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
FLOWERS INDS INC COM X 384,800
------------------------------------------------------------------------------------------------------------------------------------
FPL GROUP INC COM X 253,800
------------------------------------------------------------------------------------------------------------------------------------
FREDS INC CL A X 323,400
------------------------------------------------------------------------------------------------------------------------------------
GAP INC DEL COM X 15,025
------------------------------------------------------------------------------------------------------------------------------------
GARAN INC COM X 233,700
------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM X 23,000
------------------------------------------------------------------------------------------------------------------------------------
GEON CO COM X 491,000
------------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM X 8,500
------------------------------------------------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM X 779,450
------------------------------------------------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM X 3,490,800
------------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO COM X 2,327,900
------------------------------------------------------------------------------------------------------------------------------------
HEINZ H J CO COM X 385,300
------------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM X 1,467,860
------------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO COM X 5,500
------------------------------------------------------------------------------------------------------------------------------------
HOLLINGER INTL INC CL A X 98,400
------------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC COM X 20,850
------------------------------------------------------------------------------------------------------------------------------------
HONEYWELL INC COM X 391,300
------------------------------------------------------------------------------------------------------------------------------------
HOWELL CORP COM X 39,700
------------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC CL B X 514,100
------------------------------------------------------------------------------------------------------------------------------------
HUDSON RIV BANCORP INC COM X 73,800
====================================================================================================================================
Column Total
====================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 5_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
==================================================================================================================================
<S> <C> <C> <C> <C>
IBERIABANK CORP COM COM 450091103 10,501 683,000
------------------------------------------------------------------------------- ---------------------
ICO INC COM NEW COM 449293109 1,814 967,700
------------------------------------------------------------------------------- ---------------------
IMPAC MORTGAGE HOLDINGS INC COM 45254p102 3,212 744,850
------------------------------------------------------------------------------- ---------------------
INGLES MKTS INC CL A CLA 457030104 6,249 598,700
------------------------------------------------------------------------------- ---------------------
INSTEEL INDUSTRIES INC COM COM 45774W108 72 11,600
------------------------------------------------------------------------------- ---------------------
INTEL CORP COM COM 458140100 1,283 9,600
------------------------------------------------------------------------------- ---------------------
INTERNATIONAL BUSINESS MACHINE COM 459200101 877 8,000
------------------------------------------------------------------------------- ---------------------
INTERNATIONAL FLAV&FRA COM COM 459506101 11,987 397,100
------------------------------------------------------------------------------- ---------------------
INTERPUBLIC GROUP COS COM COM 460690100 641 14,900
------------------------------------------------------------------------------- ---------------------
INTL PAPER CO COM COM 460146103 11,701 392,500
------------------------------------------------------------------------------- ---------------------
ITT INDS INC COM 450911102 14,914 491,000
------------------------------------------------------------------------------- ---------------------
JEFFERSON PILOT COM 475070108 7,546 133,700
------------------------------------------------------------------------------- ---------------------
JOHNSON & JOHNSON COM COM 478160104 856 8,400
------------------------------------------------------------------------------- ---------------------
KENNAMETAL INC COM COM 489170100 17,118 798,500
------------------------------------------------------------------------------- ---------------------
KERR MCGEE CORP COM COM 492386107 15,695 266,300
------------------------------------------------------------------------------- ---------------------
KNIGHTSBRIDGE TANKERS ORD ORD G5299G106 17,388 869,400
------------------------------------------------------------------------------- ---------------------
LILLY ELI & CO COM COM 532457108 644 6,450
------------------------------------------------------------------------------- ---------------------
LINDBERG CORP COM COM 535171102 212 29,800
------------------------------------------------------------------------------- ---------------------
LONDON PAC GROUP LTD SPONSORED ADR COM 542073101 5,863 451,000
------------------------------------------------------------------------------- ---------------------
LSI INDS INC COM COM 50216C108 6,058 398,900
=============================================================================== =====================
Column Total 134,632
=============================================================================== =====================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers ================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
===================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
IBERIABANK CORP COM X 683,000
-----------------------------------------------------------------------------------------------------------------------------------
ICO INC COM NEW X 967,700
-----------------------------------------------------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC X 744,850
-----------------------------------------------------------------------------------------------------------------------------------
INGLES MKTS INC CL A X 598,700
-----------------------------------------------------------------------------------------------------------------------------------
INSTEEL INDUSTRIES INC COM X 11,600
-----------------------------------------------------------------------------------------------------------------------------------
INTEL CORP COM X 9,600
-----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE X 8,000
-----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL FLAV&FRA COM X 397,100
-----------------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM X 14,900
-----------------------------------------------------------------------------------------------------------------------------------
INTL PAPER CO COM X 392,500
-----------------------------------------------------------------------------------------------------------------------------------
ITT INDS INC X 491,000
-----------------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT X 133,700
-----------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM X 8,400
-----------------------------------------------------------------------------------------------------------------------------------
KENNAMETAL INC COM X 798,500
-----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP COM X 266,300
-----------------------------------------------------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD X 869,400
-----------------------------------------------------------------------------------------------------------------------------------
LILLY ELI & CO COM X 6,450
-----------------------------------------------------------------------------------------------------------------------------------
LINDBERG CORP COM X 29,800
-----------------------------------------------------------------------------------------------------------------------------------
LONDON PAC GROUP LTD SPONSORED ADR X 451,000
-----------------------------------------------------------------------------------------------------------------------------------
LSI INDS INC COM X 398,900
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__6_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
=================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
=================================================================================================================================
<S> <C> <C> <C> <C>
LUCENT TECHNOLOGIES COM 549463107 930 15,700
------------------------------------------------------------------------------- --------------------
MASCO CORP COM COM 574599106 253 14,000
------------------------------------------------------------------------------- --------------------
MAY DEPT.STORE COM 577778103 6,983 290,969
------------------------------------------------------------------------------- --------------------
MBNA CORP COM COM 55262L100 477 17,600
------------------------------------------------------------------------------- --------------------
MCCORMICK & CO INC COM 579780206 6,819 209,800
------------------------------------------------------------------------------- --------------------
MCDONALDS CORP COM COM 580135101 534 16,200
------------------------------------------------------------------------------- --------------------
MEDTRONIC INC COM COM 585055106 648 13,000
------------------------------------------------------------------------------- --------------------
MERCK & CO INC COM COM 589331107 866 11,300
------------------------------------------------------------------------------- --------------------
MERIDIAN DIAGNOSTICS COM COM 589602101 398 50,922
------------------------------------------------------------------------------- --------------------
MET PRO CORP COM COM 590876306 317 35,200
------------------------------------------------------------------------------- --------------------
MICHAEL FOODS INC COM COM 594079105 8,068 329,300
------------------------------------------------------------------------------- --------------------
MICROSOFT CORP COM 594918104 1,408 17,600
------------------------------------------------------------------------------- --------------------
MIDCOAST ENERGY RES COM COM 59563w104 671 42,587
------------------------------------------------------------------------------- --------------------
MILACRON INC COM COM 598709103 12,599 868,900
------------------------------------------------------------------------------- --------------------
MINNESOTA MNG & MFG CO COM COM 604059105 18,537 224,693
------------------------------------------------------------------------------- --------------------
MOCON INC COM 607494101 510 90,700
------------------------------------------------------------------------------- --------------------
MOTOROLA INC COM COM 620076109 366 12,600
------------------------------------------------------------------------------- --------------------
NATIONAL FUEL GAS N J COM COM 636180101 4,865 99,800
------------------------------------------------------------------------------- --------------------
NATIONAL SVC INDS INC COM COM 637657107 5,094 254,700
------------------------------------------------------------------------------- --------------------
NICOR INC COM COM 654086107 4,476 137,208
=================================================================================================================================
Column Total 74,819
=================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers ================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
===================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
LUCENT TECHNOLOGIES X 15,700
-----------------------------------------------------------------------------------------------------------------------------------
MASCO CORP COM X 14,000
-----------------------------------------------------------------------------------------------------------------------------------
MAY DEPT.STORE X 290,969
-----------------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM X 17,600
-----------------------------------------------------------------------------------------------------------------------------------
MCCORMICK & CO INC X 209,800
-----------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM X 16,200
-----------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC COM X 13,000
-----------------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM X 11,300
-----------------------------------------------------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM X 50,922
-----------------------------------------------------------------------------------------------------------------------------------
MET PRO CORP COM X 35,200
-----------------------------------------------------------------------------------------------------------------------------------
MICHAEL FOODS INC COM X 329,300
-----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP X 17,600
-----------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM X 42,587
-----------------------------------------------------------------------------------------------------------------------------------
MILACRON INC COM X 868,900
-----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM X 224,693
-----------------------------------------------------------------------------------------------------------------------------------
MOCON INC X 90,700
-----------------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC COM X 12,600
-----------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM X 99,800
-----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC COM X 254,700
-----------------------------------------------------------------------------------------------------------------------------------
NICOR INC COM X 137,208
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 7_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
=================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
=================================================================================================================================
<S> <C> <C> <C> <C>
NN INC COM 629337106 28,397 2,704,450
------------------------------------------------------------------------------- --------------------
NORDSTROM INC COM COM 655664100 11,247 466,200
------------------------------------------------------------------------------- --------------------
NSTAR COM COM 67019e107 4,542 111,643
------------------------------------------------------------------------------- --------------------
NUI CORP COM COM 629430109 5,063 187,500
------------------------------------------------------------------------------- --------------------
OGE ENERGY CORP COM COM 670837103 4,105 221,897
------------------------------------------------------------------------------- --------------------
OGLEBAY NORTON CO COM COM 677007106 265 10,400
------------------------------------------------------------------------------- --------------------
OLIN CORP COM PAR $1 COM 680665205 16,500 1,000,000
------------------------------------------------------------------------------- --------------------
OWENS & MINOR INC NEW COM COM 690732102 7,607 442,600
------------------------------------------------------------------------------- --------------------
OWOSSO CORP COM COM 691217103 215 92,900
------------------------------------------------------------------------------- --------------------
PARK ELECTROCHEMICAL COM COM 700416209 14,504 402,200
------------------------------------------------------------------------------- --------------------
PARKER HANNIFIN CORP COM COM 701094104 12,772 372,900
------------------------------------------------------------------------------- --------------------
PEERLESS MFG CO COM COM 705514107 439 26,000
------------------------------------------------------------------------------- --------------------
PENNEY J C INC COM COM 708160106 8,142 441,600
------------------------------------------------------------------------------- --------------------
PENTAIR INC COM COM 709631105 34,222 964,000
------------------------------------------------------------------------------- --------------------
PEOPLES ENERGY CORP COM COM 711030106 6,617 204,400
------------------------------------------------------------------------------- --------------------
PEPSICO INC COM COM 713448108 12,749 286,900
------------------------------------------------------------------------------- --------------------
PERKINELMER INC COM COM 714046109 40,743 616,150
------------------------------------------------------------------------------- --------------------
PFIZER INC COM COM 717081103 1,534 31,950
------------------------------------------------------------------------------- --------------------
PHELPS DODGE CORP COM COM 717265102 5,563 149,600
------------------------------------------------------------------------------- --------------------
PHILADELPHIA SUBN CORP COM PAR $0.50 COM 718009608 3,048 148,700
=================================================================================================================================
Column Total 218,275
=================================================================================================================================
<CAPTION>
===================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers ================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
===================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
NN INC X 2,704,450
-----------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC COM X 466,200
-----------------------------------------------------------------------------------------------------------------------------------
NSTAR COM X 111,643
-----------------------------------------------------------------------------------------------------------------------------------
NUI CORP COM X 187,500
-----------------------------------------------------------------------------------------------------------------------------------
OGE ENERGY CORP COM X 221,897
-----------------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM X 10,400
-----------------------------------------------------------------------------------------------------------------------------------
OLIN CORP COM PAR $1 X 1,000,000
-----------------------------------------------------------------------------------------------------------------------------------
OWENS & MINOR INC NEW COM X 442,600
-----------------------------------------------------------------------------------------------------------------------------------
OWOSSO CORP COM X 92,900
-----------------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM X 402,200
-----------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM X 372,900
-----------------------------------------------------------------------------------------------------------------------------------
PEERLESS MFG CO COM X 26,000
-----------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC COM X 441,600
-----------------------------------------------------------------------------------------------------------------------------------
PENTAIR INC COM X 964,000
-----------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM X 204,400
-----------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC COM X 286,900
-----------------------------------------------------------------------------------------------------------------------------------
PERKINELMER INC COM X 616,150
-----------------------------------------------------------------------------------------------------------------------------------
PFIZER INC COM X 31,950
-----------------------------------------------------------------------------------------------------------------------------------
PHELPS DODGE CORP COM X 149,600
-----------------------------------------------------------------------------------------------------------------------------------
PHILADELPHIA SUBN CORP COM PAR $0.50 X 148,700
===================================================================================================================================
Column Total
===================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 8_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
=================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
=================================================================================================================================
<S> <C> <C> <C> <C>
PIONEER STD ELECTRS COM COM 723877106 17,974 1,218,600
------------------------------------------------------------------------------- --------------------
PITNEY BOWES COM 724479100 18,984 474,600
------------------------------------------------------------------------------- --------------------
PIZZA INN INC COM 725848105 246 69,100
------------------------------------------------------------------------------- --------------------
PNC BK CORP COM COM 693475105 13,991 298,476
------------------------------------------------------------------------------- --------------------
POCAHONTAS COM 730234101 266 41,780
------------------------------------------------------------------------------- --------------------
POLAROID CORP COM COM 731095105 4,104 227,200
------------------------------------------------------------------------------- --------------------
POPE & TALBOT INC COM COM 732827100 11,913 744,540
------------------------------------------------------------------------------- --------------------
PORT FINL CORP COM COM 734119100 300 21,600
------------------------------------------------------------------------------- --------------------
PRAXAIR INC COM COM 74005P104 9,543 254,900
------------------------------------------------------------------------------- --------------------
PROCTER & GAMBLE CO COM COM 742718109 349 6,100
------------------------------------------------------------------------------- --------------------
PROVIDENT BANKSHARES COM COM 743859100 3,947 292,368
------------------------------------------------------------------------------- --------------------
PXRE CORP COM COM G73018106 15,690 1,162,200
------------------------------------------------------------------------------- --------------------
QUAKER CHEM CORP COM COM 747316107 11,495 661,600
------------------------------------------------------------------------------- --------------------
QUALCOMM INC COM COM 747525103 330 5,500
------------------------------------------------------------------------------- --------------------
QUANEX CORP COM COM 747620102 7,319 492,000
------------------------------------------------------------------------------- --------------------
QUIXOTE CORP COM COM 749056107 729 48,600
------------------------------------------------------------------------------- --------------------
RAYMOND JAMES FINL INC COM COM 754730109 9,736 432,700
------------------------------------------------------------------------------- --------------------
RICHARDSON ELECTRS COM COM 763165107 11,859 738,300
------------------------------------------------------------------------------- --------------------
ROCKWELL INTL CORP COM COM 773903109 12,282 389,900
------------------------------------------------------------------------------- --------------------
ROHM & HAAS COM 775371107 10,766 312,050
=================================================================================================================================
Column Total 161,821
=================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers ==================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
PIONEER STD ELECTRS COM X 1,218,600
------------------------------------------------------------------------------------------------------------------------------------
PITNEY BOWES X 474,600
------------------------------------------------------------------------------------------------------------------------------------
PIZZA INN INC X 69,100
------------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP COM X 298,476
------------------------------------------------------------------------------------------------------------------------------------
POCAHONTAS X 41,780
------------------------------------------------------------------------------------------------------------------------------------
POLAROID CORP COM X 227,200
------------------------------------------------------------------------------------------------------------------------------------
POPE & TALBOT INC COM X 744,540
------------------------------------------------------------------------------------------------------------------------------------
PORT FINL CORP COM X 21,600
------------------------------------------------------------------------------------------------------------------------------------
PRAXAIR INC COM X 254,900
------------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM X 6,100
------------------------------------------------------------------------------------------------------------------------------------
PROVIDENT BANKSHARES COM X 292,368
------------------------------------------------------------------------------------------------------------------------------------
PXRE CORP COM X 1,162,200
------------------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM X 661,600
------------------------------------------------------------------------------------------------------------------------------------
QUALCOMM INC COM X 5,500
------------------------------------------------------------------------------------------------------------------------------------
QUANEX CORP COM X 492,000
------------------------------------------------------------------------------------------------------------------------------------
QUIXOTE CORP COM X 48,600
------------------------------------------------------------------------------------------------------------------------------------
RAYMOND JAMES FINL INC COM X 432,700
------------------------------------------------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM X 738,300
------------------------------------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM X 389,900
------------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS X 312,050
====================================================================================================================================
Column Total
====================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 9_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
==================================================================================================================================
<S> <C> <C> <C> <C>
RPM INC OHIO COM COM 749685103 3,130 309,100
----------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS COM 78387G103 13,268 306,781
----------------------------------------------------------------------------------------------------------------------------------
SCANA CORP COM COM 80589m102 7,363 305,200
----------------------------------------------------------------------------------------------------------------------------------
SCHULMAN A INC COM COM 808194104 8,964 743,100
----------------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A CLA 811371707 15,660 741,300
----------------------------------------------------------------------------------------------------------------------------------
SELAS CORP AMER COM COM 816119101 462 62,600
----------------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM COM 829060102 9,555 1,268,650
----------------------------------------------------------------------------------------------------------------------------------
SMITH A O COM COM 831865209 10,766 514,200
----------------------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP COM COM 834182107 452 10,800
----------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST SECS GROUP COM COM 845224104 1,836 49,300
----------------------------------------------------------------------------------------------------------------------------------
SPAN AMER MED SYS INC COM COM 846396109 660 161,305
----------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC COM COM 792860108 14,090 412,900
----------------------------------------------------------------------------------------------------------------------------------
STAPLES INC COM COM 855030102 364 23,700
----------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM COM 866005101 13,682 555,600
----------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC COM COM 866810104 546 6,000
----------------------------------------------------------------------------------------------------------------------------------
SUPERVALU INC COM COM 868536103 12,486 655,000
----------------------------------------------------------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM COM 869099101 3,757 263,625
----------------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM COM 871565107 387 54,400
----------------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM COM 876553306 9,738 760,037
----------------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM COM 879664100 678 9,900
==================================================================================================================================
Column Total 127,842
==================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers ===================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
RPM INC OHIO COM X 309,100
------------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS X 306,781
------------------------------------------------------------------------------------------------------------------------------------
SCANA CORP COM X 305,200
------------------------------------------------------------------------------------------------------------------------------------
SCHULMAN A INC COM X 743,100
------------------------------------------------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A X 741,300
------------------------------------------------------------------------------------------------------------------------------------
SELAS CORP AMER COM X 62,600
------------------------------------------------------------------------------------------------------------------------------------
SIMPSON INDS INC COM X 1,268,650
------------------------------------------------------------------------------------------------------------------------------------
SMITH A O COM X 514,200
------------------------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP COM X 10,800
------------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST SECS GROUP COM X 49,300
------------------------------------------------------------------------------------------------------------------------------------
SPAN AMER MED SYS INC COM X 161,305
------------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC COM X 412,900
------------------------------------------------------------------------------------------------------------------------------------
STAPLES INC COM X 23,700
------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP COM X 555,600
------------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC COM X 6,000
------------------------------------------------------------------------------------------------------------------------------------
SUPERVALU INC COM X 655,000
------------------------------------------------------------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM X 263,625
------------------------------------------------------------------------------------------------------------------------------------
SYNALLOY CP DEL COM X 54,400
------------------------------------------------------------------------------------------------------------------------------------
TASTY BAKING CO COM X 760,037
------------------------------------------------------------------------------------------------------------------------------------
TELLABS INC COM X 9,900
====================================================================================================================================
Column Total
====================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__10_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
=================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
=================================================================================================================================
<S> <C> <C> <C> <C>
TELSTRA CORP ADR ADR 87969n204 248 12,000
---------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM COM 879868107 9,530 226,900
---------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC COM COM 880770102 368 5,000
---------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRS INC COM COM 882508104 536 7,800
---------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM COM 884315102 9,082 474,900
---------------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM COM 887134104 575 78,598
---------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC COM COM 887315109 418 5,500
---------------------------------------------------------------------------------------------------------------------------------
TIMKEN CO COM COM 887389104 4,567 245,200
---------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP COM 891027104 15,151 613,700
---------------------------------------------------------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL COM COM 893889105 382 34,700
---------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM COM 897844106 16,381 372,300
---------------------------------------------------------------------------------------------------------------------------------
TRW INC COM COM 872649108 11,685 269,400
---------------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM COM 900902107 458 29,300
---------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM COM 902124106 540 11,400
---------------------------------------------------------------------------------------------------------------------------------
UNITED ASSET MANAGEMENT CORP COM 909420101 7,506 321,100
---------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM COM 910571108 535 115,700
---------------------------------------------------------------------------------------------------------------------------------
UNIVERSAL FOODS CORP COM COM 913538104 5,744 310,500
---------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS COM COM 92343v104 17,097 336,476
---------------------------------------------------------------------------------------------------------------------------------
VULCAN MATERIALS COM 929160109 3,966 92,900
---------------------------------------------------------------------------------------------------------------------------------
WELLMAN INC COM COM 949702104 13,518 835,100
=================================================================================================================================
Column Total 118,286
=================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers =================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
TELSTRA CORP ADR X 12,000
------------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC COM X 226,900
------------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC COM X 5,000
------------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRS INC COM X 7,800
------------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM X 474,900
------------------------------------------------------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM X 78,598
------------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC COM X 5,500
------------------------------------------------------------------------------------------------------------------------------------
TIMKEN CO COM X 245,200
------------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP X 613,700
------------------------------------------------------------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL COM X 34,700
------------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM X 372,300
------------------------------------------------------------------------------------------------------------------------------------
TRW INC COM X 269,400
------------------------------------------------------------------------------------------------------------------------------------
TUSCARORA INC COM X 29,300
------------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD COM X 11,400
------------------------------------------------------------------------------------------------------------------------------------
UNITED ASSET MANAGEMENT CORP X 321,100
------------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM X 115,700
------------------------------------------------------------------------------------------------------------------------------------
UNIVERSAL FOODS CORP COM X 310,500
------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS COM X 336,476
------------------------------------------------------------------------------------------------------------------------------------
VULCAN MATERIALS X 92,900
------------------------------------------------------------------------------------------------------------------------------------
WELLMAN INC COM X 835,100
====================================================================================================================================
Column Total
====================================================================================================================================
</TABLE>
<PAGE>
FORM 13 F
Page__ 11_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
<TABLE>
<CAPTION>
==================================================================================================================================
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
==================================================================================================================================
<S> <C> <C> <C> <C>
WELLS FARGO & CO DEL COM COM 949746101 15,903 410,400
----------------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM COM 979438108 301 16,500
----------------------------------------------------------------------------------------------------------------------------------
WORLDCOM INC. COM 55268b106 814 17,750
----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM COM 984121103 10,556 508,700
----------------------------------------------------------------------------------------------------------------------------------
XL CAP LTD CL A CLA g98255105 9,190 169,800
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
==================================================================================================================================
Column Total 36,764
==================================================================================================================================
Aggregate Total 1,412,394
==================================================================================================================================
<CAPTION>
====================================================================================================================================
Item 1: Item 6: Item 8:
Name of Issuer Investment Discretion Item 7: Voting Authority (Shares)
------------------------------ Managers ===================================================
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
WELLS FARGO & CO DEL COM X 410,400
------------------------------------------------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM X 16,500
------------------------------------------------------------------------------------------------------------------------------------
WORLDCOM INC. X 17,750
------------------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM X 508,700
------------------------------------------------------------------------------------------------------------------------------------
XL CAP LTD CL A X 169,800
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Column Total
====================================================================================================================================
Aggregate Total
====================================================================================================================================
</TABLE>
