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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 September 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 15th
day of November, 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>
<TABLE>
FORM 13 F
Page__ 1_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
--------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ABBOTT LABS COM COM 002824100 8,851 186,100
----------------------------------------------------------------------
ADVANTA CORP CL B CLB 007942204 2,160 265,300
----------------------------------------------------------------------
AK STL HLDG CORP COM COM 001547108 10,124 1,079,900
----------------------------------------------------------------------
ALCAN ALUMINIUM NEW COM COM 013716105 232 8,000
----------------------------------------------------------------------
ALCOA INC COM 013817101 14,875 587,648
----------------------------------------------------------------------
ALLSTATE CORP COM COM 020002101 9,473 272,600
----------------------------------------------------------------------
ALLTEL CORP COM COM 020039103 19,988 383,000
----------------------------------------------------------------------
AMERICA ONLINE INC DEL COM COM 02364J104 645 12,000
----------------------------------------------------------------------
AMERICAN CAPITAL STRAT COM COM 024937104 6,066 256,100
----------------------------------------------------------------------
AMERICAN EXPRESS CO COM COM 025816109 711 11,700
----------------------------------------------------------------------
AMERICAN HOME PRODS CP COM COM 026609107 11,245 198,800
----------------------------------------------------------------------
AMERICAN INTL GROUP COM COM 026874107 786 8,212
----------------------------------------------------------------------
ANNALY MTG MGMT INC COM COM 035710409 8,589 941,300
----------------------------------------------------------------------
AON CORP COM 037389103 2,025 51,600
----------------------------------------------------------------------
APPLIED MATERIALS COM 038222105 291 4,900
----------------------------------------------------------------------
ASTORIA FINL CORP COM COM 046265104 13,835 358,200
----------------------------------------------------------------------
ASTRO-MED INC NEW COM COM 04638f108 602 118,874
----------------------------------------------------------------------
AT&T CORP COM 001957109 18,210 619,900
----------------------------------------------------------------------
BALL CORP COM COM 058498106 8,914 281,300
----------------------------------------------------------------------
BANK OF AMERICA CORP COM 060505104 10,203 194,806
--------------------------------------------------------------------------------------------------------------------------
Column Total 147,823
--------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
--------------------------------- --------------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
-----------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS COM X 186,100
-------------------------------------------------------------------------------------------
ADVANTA CORP CL B X 265,300
-------------------------------------------------------------------------------------------
AK STL HLDG CORP COM X 1,079,900
-------------------------------------------------------------------------------------------
ALCAN ALUMINIUM NEW COM X 8,000
-------------------------------------------------------------------------------------------
ALCOA INC X 587,648
-------------------------------------------------------------------------------------------
ALLSTATE CORP COM X 272,600
-------------------------------------------------------------------------------------------
ALLTEL CORP COM X 383,000
-------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL COM X 12,000
-------------------------------------------------------------------------------------------
AMERICAN CAPITAL STRAT COM X 256,100
-------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO COM X 11,700
-------------------------------------------------------------------------------------------
AMERICAN HOME PRODS CP COM X 198,800
-------------------------------------------------------------------------------------------
AMERICAN INTL GROUP COM X 8,212
-------------------------------------------------------------------------------------------
ANNALY MTG MGMT INC COM X 941,300
-------------------------------------------------------------------------------------------
AON CORP X 51,600
-------------------------------------------------------------------------------------------
APPLIED MATERIALS X 4,900
-------------------------------------------------------------------------------------------
ASTORIA FINL CORP COM X 358,200
-------------------------------------------------------------------------------------------
ASTRO-MED INC NEW COM X 118,874
-------------------------------------------------------------------------------------------
AT&T CORP X 619,900
-------------------------------------------------------------------------------------------
BALL CORP COM X 281,300
-------------------------------------------------------------------------------------------
BANK OF AMERICA CORP X 194,806
-----------------------------------------------------------------------------------------------------------------------------------
Column Total
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 2_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
----------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
BANK UTD CORP CL A CLA 065412108 8,830 174,200
------------------------------------------------------------------
BEMIS INC COM COM 081437105 18,286 569,200
------------------------------------------------------------------
BERKSHIRE HILLS BANC COM COM 084680107 5,273 366,800
------------------------------------------------------------------
BLOCK H & R INC COM COM 093671105 7,716 208,200
------------------------------------------------------------------
BOISE CASCADE CORP COM COM 097383103 13,674 514,800
------------------------------------------------------------------
BOWATER INC COM COM 102183100 13,049 281,000
------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM COM 110122108 548 9,600
------------------------------------------------------------------
BRUNSWICK CORP COM COM 117043109 10,109 553,900
------------------------------------------------------------------
CALLAWAY GOLF COM 131193104 8,081 525,600
------------------------------------------------------------------
CAMERON FINL CORP DEL COM COM 133425108 1,617 91,100
------------------------------------------------------------------
CARAUSTAR INDS COM 140909102 4,904 443,300
------------------------------------------------------------------
CATO CORP NEW CL A CLA 149205106 19,505 1,560,400
------------------------------------------------------------------
CENTURY ALUM CO COM COM 156431108 9,819 785,525
------------------------------------------------------------------
CERPROBE CORP COM COM 156787103 5,266 357,000
------------------------------------------------------------------
CFS BANCORP INC COM COM 12525d102 2,992 290,100
------------------------------------------------------------------
CHASE MANHATTAN NEW COM COM 16161A108 16,027 347,000
------------------------------------------------------------------
CHEVRON CORPORATION COM COM 166751107 6,155 72,200
------------------------------------------------------------------
CHUBB CORP COM COM 171232101 7,984 100,900
------------------------------------------------------------------
CISCO SYS INC COM COM 17275R102 1,050 19,000
------------------------------------------------------------------
CITIGROUP INC COM COM 172967101 595 10,999
----------------------------------------------------------------------------------------------------------------
Column Total 161,479
----------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- -----------------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
---------------------------------------------------------------------------------------------------------------------------------
BANK UTD CORP CL A X 174,200
---------------------------------------------------------------------------------------------
BEMIS INC COM X 569,200
---------------------------------------------------------------------------------------------
BERKSHIRE HILLS BANC COM X 366,800
---------------------------------------------------------------------------------------------
BLOCK H & R INC COM X 208,200
---------------------------------------------------------------------------------------------
BOISE CASCADE CORP COM X 514,800
---------------------------------------------------------------------------------------------
BOWATER INC COM X 281,000
---------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB COM X 9,600
---------------------------------------------------------------------------------------------
BRUNSWICK CORP COM X 553,900
---------------------------------------------------------------------------------------------
CALLAWAY GOLF X 525,600
---------------------------------------------------------------------------------------------
CAMERON FINL CORP DEL COM X 91,100
---------------------------------------------------------------------------------------------
CARAUSTAR INDS X 443,300
---------------------------------------------------------------------------------------------
CATO CORP NEW CL A X 1,560,400
---------------------------------------------------------------------------------------------
CENTURY ALUM CO COM X 785,525
---------------------------------------------------------------------------------------------
CERPROBE CORP COM X 357,000
---------------------------------------------------------------------------------------------
CFS BANCORP INC COM X 290,100
---------------------------------------------------------------------------------------------
CHASE MANHATTAN NEW COM X 347,000
---------------------------------------------------------------------------------------------
CHEVRON CORPORATION COM X 72,200
---------------------------------------------------------------------------------------------
CHUBB CORP COM X 100,900
---------------------------------------------------------------------------------------------
CISCO SYS INC COM X 19,000
---------------------------------------------------------------------------------------------
CITIGROUP INC COM X 10,999
---------------------------------------------------------------------------------------------------------------------------------
Column Total
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 3_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
-------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLOROX CO DEL COM COM 189054109 12,304 311,000
---------------------------------------------------------------------
COCA COLA CO COM COM 191216100 656 11,900
---------------------------------------------------------------------
COLLINS INDS INC COM COM 194858106 216 61,600
---------------------------------------------------------------------
COMMERCIAL FEDERAL CP COM COM 201647104 15,906 831,700
---------------------------------------------------------------------
CONOCO INC CL A CLA 208251306 7,600 290,900
---------------------------------------------------------------------
COSTCO WHOLESALE CORP COM 22160k105 346 9,900
---------------------------------------------------------------------
COURIER CORP COM COM 222660102 405 13,950
---------------------------------------------------------------------
CRANE CO COM COM 224399105 4,767 208,400
---------------------------------------------------------------------
CVS CORP COM COM 126650100 454 9,800
---------------------------------------------------------------------
DATA RESH ASSOC INC COM COM 237853106 244 39,800
---------------------------------------------------------------------
DELL COMPUTER CORP COM COM 247025109 581 18,850
---------------------------------------------------------------------
DIAL CORP DEL COM COM 25247D101 7,170 616,800
---------------------------------------------------------------------
DIME BANCORP INC NEW COM COM 25429Q102 12,407 575,400
---------------------------------------------------------------------
DONNELLY CORP CL A CLA 257870105 344 22,600
---------------------------------------------------------------------
E M C CORP MASS COM COM 268648102 615 6,200
---------------------------------------------------------------------
EAST TEX FINL SVCS COM COM 275572105 306 35,000
---------------------------------------------------------------------
EASTERN CO COM COM 276317104 554 47,650
---------------------------------------------------------------------
EASTMAN KODAK CO COM COM 277461109 12,578 307,726
---------------------------------------------------------------------
EDWARDS AG INC COM COM 281760108 5,461 104,400
---------------------------------------------------------------------
EMERSON ELEC CO COM COM 291011104 20,515 306,200
-------------------------------------------------------------------------------------------------------------------
Column Total 103,429
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- --------------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
----------------------------------------------------------------------------------------------------------------------------------
CLOROX CO DEL COM X 311,000
--------------------------------------------------------------------------------------------
COCA COLA CO COM X 11,900
--------------------------------------------------------------------------------------------
COLLINS INDS INC COM X 61,600
--------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CP COM X 831,700
--------------------------------------------------------------------------------------------
CONOCO INC CL A X 290,900
--------------------------------------------------------------------------------------------
COSTCO WHOLESALE CORP X 9,900
--------------------------------------------------------------------------------------------
COURIER CORP COM X 13,950
--------------------------------------------------------------------------------------------
CRANE CO COM X 208,400
--------------------------------------------------------------------------------------------
CVS CORP COM X 9,800
--------------------------------------------------------------------------------------------
DATA RESH ASSOC INC COM X 39,800
--------------------------------------------------------------------------------------------
DELL COMPUTER CORP COM X 18,850
--------------------------------------------------------------------------------------------
DIAL CORP DEL COM X 616,800
--------------------------------------------------------------------------------------------
DIME BANCORP INC NEW COM X 575,400
--------------------------------------------------------------------------------------------
DONNELLY CORP CL A X 22,600
--------------------------------------------------------------------------------------------
E M C CORP MASS COM X 6,200
--------------------------------------------------------------------------------------------
EAST TEX FINL SVCS COM X 35,000
--------------------------------------------------------------------------------------------
EASTERN CO COM X 47,650
--------------------------------------------------------------------------------------------
EASTMAN KODAK CO COM X 307,726
--------------------------------------------------------------------------------------------
EDWARDS AG INC COM X 104,400
--------------------------------------------------------------------------------------------
EMERSON ELEC CO COM X 306,200
----------------------------------------------------------------------------------------------------------------------------------
Column Total
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 4_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
-----------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ENGLE HOMES INC COM COM 292896107 336 21,600
----------------------------------------------------------------------
ENNIS BUSINESS FORMS COM COM 293389102 2,723 360,000
----------------------------------------------------------------------
EVERTRUST FINL GROUP COM COM 300412103 2,500 200,000
----------------------------------------------------------------------
EXXON MOBIL CORP COM COM 30231g102 13,390 150,242
----------------------------------------------------------------------
FALCON PRODS INC COM COM 306075102 440 46,900
----------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM COM 313586109 547 7,650
----------------------------------------------------------------------
FIRST FED BANCSHARES COM COM 32021B103 1,281 100,000
----------------------------------------------------------------------
FIRST NIAGARA FINL GRP COM COM 33582u100 555 60,000
----------------------------------------------------------------------
FIRST VA BANKS INC COM COM 337477103 7,909 185,540
----------------------------------------------------------------------
FLEETBOSTON FINL CORP COM COM 339030108 10,171 260,800
----------------------------------------------------------------------
FLOWERS INDS INC COM COM 343496105 7,420 380,500
----------------------------------------------------------------------
FPL GROUP INC COM COM 302571104 1,828 27,800
----------------------------------------------------------------------
FRANKLIN BK N A MICH COM COM 352456107 261 30,500
----------------------------------------------------------------------
GAP INC DEL COM COM 364760108 278 13,825
----------------------------------------------------------------------
GARAN INC COM COM 364802108 5,142 231,100
----------------------------------------------------------------------
GENERAL ELEC CO COM COM 369604103 1,546 26,800
----------------------------------------------------------------------
GILLETTE CO COM COM 375766102 281 9,100
----------------------------------------------------------------------
HAVEN BANCORP INC COM COM 419352109 14,686 499,950
----------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM COM 421959107 21,036 3,913,600
----------------------------------------------------------------------
HEINZ H J CO COM COM 423074103 16,330 440,600
-----------------------------------------------------------------------------------------------------------------------
Column Total 108,659
-----------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
--------------------------------- -----------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
----------------------------------------------------------------------------------------------------------------------------------
ENGLE HOMES INC COM X 21,600
-------------------------------------------------------------------------------------------
ENNIS BUSINESS FORMS COM X 360,000
-------------------------------------------------------------------------------------------
EVERTRUST FINL GROUP COM X 200,000
-------------------------------------------------------------------------------------------
EXXON MOBIL CORP COM X 150,242
-------------------------------------------------------------------------------------------
FALCON PRODS INC COM X 46,900
-------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM X 7,650
-------------------------------------------------------------------------------------------
FIRST FED BANCSHARES COM X 100,000
-------------------------------------------------------------------------------------------
FIRST NIAGARA FINL GRP COM X 60,000
-------------------------------------------------------------------------------------------
FIRST VA BANKS INC COM X 185,540
-------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP COM X 260,800
-------------------------------------------------------------------------------------------
FLOWERS INDS INC COM X 380,500
-------------------------------------------------------------------------------------------
FPL GROUP INC COM X 27,800
-------------------------------------------------------------------------------------------
FRANKLIN BK N A MICH COM X 30,500
-------------------------------------------------------------------------------------------
GAP INC DEL COM X 13,825
-------------------------------------------------------------------------------------------
GARAN INC COM X 231,100
-------------------------------------------------------------------------------------------
GENERAL ELEC CO COM X 26,800
-------------------------------------------------------------------------------------------
GILLETTE CO COM X 9,100
-------------------------------------------------------------------------------------------
HAVEN BANCORP INC COM X 499,950
-------------------------------------------------------------------------------------------
HEALTHPLAN SVCS CORP COM X 3,913,600
-------------------------------------------------------------------------------------------
HEINZ H J CO COM X 440,600
----------------------------------------------------------------------------------------------------------------------------------
Column Total
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 5_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
-----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
HELIX TECHNOLOGY CORP COM COM 423319102 52,156 1,745,799
-----------------------------------------------------------------------------
HERCULES INC COM COM 427056106 7,854 556,000
-----------------------------------------------------------------------------
HEWLETT PACKARD CO COM COM 428236103 417 4,300
-----------------------------------------------------------------------------
HOLLINGER INTL INC CL A CLA 435569108 6,621 395,300
-----------------------------------------------------------------------------
HOME DEPOT INC COM COM 437076102 1,154 21,750
-----------------------------------------------------------------------------
HONEYWELL INC COM COM 438516106 13,869 389,300
-----------------------------------------------------------------------------
HOWELL CORP COM COM 443051107 418 34,500
-----------------------------------------------------------------------------
HUBBELL INC CL B CLB 443510201 15,007 598,800
-----------------------------------------------------------------------------
HUDSON RIV BANCORP INC COM COM 444128102 1,153 88,300
-----------------------------------------------------------------------------
HUDSON UNITED BANCORP COM 444165104 3,577 129,500
-----------------------------------------------------------------------------
IBERIABANK CORP COM COM 450828108 12,883 703,500
-----------------------------------------------------------------------------
ICO INC COM NEW COM 449293109 1,935 967,700
-----------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC COM 45254p102 2,010 744,350
-----------------------------------------------------------------------------
INGLES MKTS INC CL A CLA 457030104 6,635 603,200
-----------------------------------------------------------------------------
INTEL CORP COM COM 458140100 773 18,600
-----------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE COM 459200101 776 6,900
-----------------------------------------------------------------------------
INTERNATIONAL FLAV&FRA COM COM 459506101 7,247 397,100
-----------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM COM 460690100 514 15,100
-----------------------------------------------------------------------------
INTL PAPER CO COM COM 460146103 11,188 390,000
-----------------------------------------------------------------------------
ITT INDS INC COM 450911102 12,868 396,700
-----------------------------------------------------------------------------------------------------------------------------------
Column Total 159,057
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
--------------------------------- --------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
------------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP COM X 1,745,799
-----------------------------------------------------------------------------------------
HERCULES INC COM X 556,000
-----------------------------------------------------------------------------------------
HEWLETT PACKARD CO COM X 4,300
-----------------------------------------------------------------------------------------
HOLLINGER INTL INC CL A X 395,300
-----------------------------------------------------------------------------------------
HOME DEPOT INC COM X 21,750
-----------------------------------------------------------------------------------------
HONEYWELL INC COM X 389,300
-----------------------------------------------------------------------------------------
HOWELL CORP COM X 34,500
-----------------------------------------------------------------------------------------
HUBBELL INC CL B X 598,800
-----------------------------------------------------------------------------------------
HUDSON RIV BANCORP INC COM X 88,300
-----------------------------------------------------------------------------------------
HUDSON UNITED BANCORP X 129,500
-----------------------------------------------------------------------------------------
IBERIABANK CORP COM X 703,500
-----------------------------------------------------------------------------------------
ICO INC COM NEW X 967,700
-----------------------------------------------------------------------------------------
IMPAC MORTGAGE HOLDINGS INC X 744,350
-----------------------------------------------------------------------------------------
INGLES MKTS INC CL A X 603,200
-----------------------------------------------------------------------------------------
INTEL CORP COM X 18,600
-----------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHINE X 6,900
-----------------------------------------------------------------------------------------
INTERNATIONAL FLAV&FRA COM X 397,100
-----------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS COM X 15,100
-----------------------------------------------------------------------------------------
INTL PAPER CO COM X 390,000
-----------------------------------------------------------------------------------------
ITT INDS INC X 396,700
------------------------------------------------------------------------------------------------------------------------------------
Column Total
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 6_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
-------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
JEFFERSON PILOT COM 475070108 8,898 131,100
-------------------------------------------------------------------------
JOHNSON & JOHNSON COM COM 478160104 639 6,800
-------------------------------------------------------------------------
KENNAMETAL INC COM COM 489170100 21,053 817,600
-------------------------------------------------------------------------
KERR MCGEE CORP COM COM 492386107 9,918 149,700
-------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM COM 49842P103 574 45,000
-------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD COM G5299G106 18,296 836,400
-------------------------------------------------------------------------
LONDON PAC GROUP LTD SPONSORED ADR COM 542073101 7,805 392,700
-------------------------------------------------------------------------
LOUISIANA PAC CORP COM COM 546347105 6,163 670,800
-------------------------------------------------------------------------
LSI INDS INC COM COM 50216C108 10,191 459,300
-------------------------------------------------------------------------
LUCENT TECHNOLOGIES COM 549463107 501 16,400
-------------------------------------------------------------------------
MASCO CORP COM COM 574599106 205 11,000
-------------------------------------------------------------------------
MAY DEPT.STORE COM 577778103 6,652 324,469
-------------------------------------------------------------------------
MBNA CORP COM COM 55262L100 558 14,500
-------------------------------------------------------------------------
MCCORMICK & CO INC COM 579780206 8,083 271,700
-------------------------------------------------------------------------
MCDONALDS CORP COM COM 580135101 558 18,500
-------------------------------------------------------------------------
MEDTRONIC INC COM COM 585055106 580 11,200
-------------------------------------------------------------------------
MERCK & CO INC COM COM 589331107 886 11,900
-------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM COM 589602101 401 50,922
-------------------------------------------------------------------------
MET PRO CORP COM COM 590876306 356 35,200
-------------------------------------------------------------------------
MICHAEL FOODS INC COM COM 594079105 8,581 367,100
-------------------------------------------------------------------------------------------------------------------------------
Column Total 110,899
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- --------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
------------------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT X 131,100
----------------------------------------------------------------------------------------
JOHNSON & JOHNSON COM X 6,800
----------------------------------------------------------------------------------------
KENNAMETAL INC COM X 817,600
----------------------------------------------------------------------------------------
KERR MCGEE CORP COM X 149,700
----------------------------------------------------------------------------------------
KLAMATH FIRST BANCORP COM X 45,000
----------------------------------------------------------------------------------------
KNIGHTSBRIDGE TANKERS ORD X 836,400
----------------------------------------------------------------------------------------
LONDON PAC GROUP LTD SPONSORED ADR X 392,700
----------------------------------------------------------------------------------------
LOUISIANA PAC CORP COM X 670,800
----------------------------------------------------------------------------------------
LSI INDS INC COM X 459,300
----------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES X 16,400
----------------------------------------------------------------------------------------
MASCO CORP COM X 11,000
----------------------------------------------------------------------------------------
MAY DEPT.STORE X 324,469
----------------------------------------------------------------------------------------
MBNA CORP COM X 14,500
----------------------------------------------------------------------------------------
MCCORMICK & CO INC X 271,700
----------------------------------------------------------------------------------------
MCDONALDS CORP COM X 18,500
----------------------------------------------------------------------------------------
MEDTRONIC INC COM X 11,200
----------------------------------------------------------------------------------------
MERCK & CO INC COM X 11,900
----------------------------------------------------------------------------------------
MERIDIAN DIAGNOSTICS COM X 50,922
----------------------------------------------------------------------------------------
MET PRO CORP COM X 35,200
----------------------------------------------------------------------------------------
MICHAEL FOODS INC COM X 367,100
------------------------------------------------------------------------------------------------------------------------------------
Column Total
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 7_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MICROSOFT CORP COM 594918104 1,116 18,500
------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM COM 59563w104 670 32,587
------------------------------------------------------------------------------------------------------------------------
MILACRON INC COM COM 598709103 7,203 541,100
------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM COM 604059105 20,256 222,293
------------------------------------------------------------------------------------------------------------------------
MOCON INC COM 607494101 522 90,700
------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC COM COM 620076109 379 13,400
------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM COM 636180101 4,149 74,000
------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM COM 651229106 14,486 635,000
------------------------------------------------------------------------------------------------------------------------
NICOR INC COM COM 654086107 3,814 105,408
------------------------------------------------------------------------------------------------------------------------
NN INC COM 629337106 25,455 2,828,350
------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC COM COM 655664100 8,345 536,200
------------------------------------------------------------------------------------------------------------------------
NORTEL NETWORKS NEW COM COM 656568102 637 10,700
------------------------------------------------------------------------------------------------------------------------
NORTH FORK BANKCORP COM 659424105 4,325 200,000
------------------------------------------------------------------------------------------------------------------------
NSTAR COM COM 67019e107 4,884 121,343
------------------------------------------------------------------------------------------------------------------------
NUI CORP COM COM 629430109 5,358 177,500
------------------------------------------------------------------------------------------------------------------------
OGE ENERGY CORP COM COM 670837103 3,717 174,397
------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM COM 677007106 291 10,400
------------------------------------------------------------------------------------------------------------------------
OLIN CORP COM PAR $1 COM 680665205 16,413 1,013,900
------------------------------------------------------------------------------------------------------------------------
ORACLE CORP COM COM 68389x105 630 8,000
------------------------------------------------------------------------------------------------------------------------
OWENS & MINOR INC NEW COM COM 690732102 7,773 493,500
------------------------------------------------------------------------------------------------------------------------
Column Total 130,422
------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- --------------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
-----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP X 18,500
-----------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RES COM X 32,587
-----------------------------------------------------------------------------------------------------------------------------------
MILACRON INC COM X 541,100
-----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO COM X 222,293
-----------------------------------------------------------------------------------------------------------------------------------
MOCON INC X 90,700
-----------------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC COM X 13,400
-----------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS N J COM X 74,000
-----------------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM X 635,000
-----------------------------------------------------------------------------------------------------------------------------------
NICOR INC COM X 105,408
-----------------------------------------------------------------------------------------------------------------------------------
NN INC X 2,828,350
-----------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC COM X 536,200
-----------------------------------------------------------------------------------------------------------------------------------
NORTEL NETWORKS NEW COM X 10,700
-----------------------------------------------------------------------------------------------------------------------------------
NORTH FORK BANKCORP X 200,000
-----------------------------------------------------------------------------------------------------------------------------------
NSTAR COM X 121,343
-----------------------------------------------------------------------------------------------------------------------------------
NUI CORP COM X 177,500
-----------------------------------------------------------------------------------------------------------------------------------
OGE ENERGY CORP COM X 174,397
-----------------------------------------------------------------------------------------------------------------------------------
OGLEBAY NORTON CO COM X 10,400
-----------------------------------------------------------------------------------------------------------------------------------
OLIN CORP COM PAR $1 X 1,013,900
-----------------------------------------------------------------------------------------------------------------------------------
ORACLE CORP COM X 8,000
-----------------------------------------------------------------------------------------------------------------------------------
OWENS & MINOR INC NEW COM X 493,500
-----------------------------------------------------------------------------------------------------------------------------------
Column Total
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 8_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
-------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PARK ELECTROCHEMICAL COM COM 700416209 5,095 91,600
-----------------------------------------------------------------------
PARKER HANNIFIN CORP COM COM 701094104 14,874 440,700
-----------------------------------------------------------------------
PEERLESS MFG CO COM COM 705514107 371 20,000
-----------------------------------------------------------------------
PENNEY J C INC COM COM 708160106 10,342 875,500
-----------------------------------------------------------------------
PEOPLES ENERGY CORP COM COM 711030106 5,293 158,600
-----------------------------------------------------------------------
PEPSICO INC COM COM 713448108 11,339 246,500
-----------------------------------------------------------------------
PFIZER INC COM COM 717081103 1,328 29,550
-----------------------------------------------------------------------
PHELPS DODGE CORP COM COM 717265102 6,246 149,600
-----------------------------------------------------------------------
PHILADELPHIA SUBN CORP COM PAR $0.50 COM 718009608 3,448 148,700
-----------------------------------------------------------------------
PIONEER STD ELECTRS COM COM 723877106 17,570 1,295,500
-----------------------------------------------------------------------
PITNEY BOWES COM 724479100 17,309 438,900
-----------------------------------------------------------------------
PNC BK CORP COM COM 693475105 8,097 124,576
-----------------------------------------------------------------------
POCAHONTAS COM 730234101 316 41,780
-----------------------------------------------------------------------
POLAROID CORP COM COM 731095105 2,323 172,900
-----------------------------------------------------------------------
POLYONE CORP COM COM 73179P106 5,903 807,300
-----------------------------------------------------------------------
POPE & TALBOT INC COM COM 732827100 12,450 869,840
-----------------------------------------------------------------------
PRAXAIR INC COM COM 74005P104 13,803 369,300
-----------------------------------------------------------------------
PROCTER & GAMBLE CO COM COM 742718109 308 4,600
-----------------------------------------------------------------------
PROVIDENT BANKSHARES COM COM 743859100 5,632 336,268
-----------------------------------------------------------------------
PXRE CORP COM COM G73018106 19,384 1,230,700
-------------------------------------------------------------------------------------------------------------------------------
Column Total 161,432
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- --------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
------------------------------------------------------------------------------------------------------------------------------------
PARK ELECTROCHEMICAL COM X 91,600
-----------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM X 440,700
-----------------------------------------------------------------------------------------
PEERLESS MFG CO COM X 20,000
-----------------------------------------------------------------------------------------
PENNEY J C INC COM X 875,500
-----------------------------------------------------------------------------------------
PEOPLES ENERGY CORP COM X 158,600
-----------------------------------------------------------------------------------------
PEPSICO INC COM X 246,500
-----------------------------------------------------------------------------------------
PFIZER INC COM X 29,550
-----------------------------------------------------------------------------------------
PHELPS DODGE CORP COM X 149,600
-----------------------------------------------------------------------------------------
PHILADELPHIA SUBN CORP COM PAR $0.50 X 148,700
-----------------------------------------------------------------------------------------
PIONEER STD ELECTRS COM X 1,295,500
-----------------------------------------------------------------------------------------
PITNEY BOWES X 438,900
-----------------------------------------------------------------------------------------
PNC BK CORP COM X 124,576
-----------------------------------------------------------------------------------------
POCAHONTAS X 41,780
-----------------------------------------------------------------------------------------
POLAROID CORP COM X 172,900
-----------------------------------------------------------------------------------------
POLYONE CORP COM X 807,300
-----------------------------------------------------------------------------------------
POPE & TALBOT INC COM X 869,840
-----------------------------------------------------------------------------------------
PRAXAIR INC COM X 369,300
-----------------------------------------------------------------------------------------
PROCTER & GAMBLE CO COM X 4,600
-----------------------------------------------------------------------------------------
PROVIDENT BANKSHARES COM X 336,268
-----------------------------------------------------------------------------------------
PXRE CORP COM X 1,230,700
------------------------------------------------------------------------------------------------------------------------------------
Column Total
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 9_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
-------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
QUAKER CHEM CORP COM COM 747316107 11,249 661,700
----------------------------------------------------------------------
QUALCOMM INC COM COM 747525103 413 5,800
----------------------------------------------------------------------
QUANEX CORP COM COM 747620102 9,377 491,900
----------------------------------------------------------------------
QUIXOTE CORP COM COM 749056107 405 24,200
----------------------------------------------------------------------
RAYMOND JAMES FINL INC COM COM 754730109 9,190 279,000
----------------------------------------------------------------------
RICHARDSON ELECTRS COM COM 763165107 16,686 996,200
----------------------------------------------------------------------
ROCKWELL INTL CORP COM COM 773903109 10,990 363,300
----------------------------------------------------------------------
ROHM & HAAS COM 775371107 13,623 468,750
----------------------------------------------------------------------
RPM INC OHIO COM COM 749685103 9,169 1,011,800
----------------------------------------------------------------------
SBC COMMUNICATIONS COM 78387G103 15,179 303,581
----------------------------------------------------------------------
SCANA CORP COM COM 80589m102 8,203 265,700
----------------------------------------------------------------------
SCHERING PLOUGH CORP COM COM 806605101 15,094 324,600
----------------------------------------------------------------------
SCHULMAN A INC COM COM 808194104 8,076 734,200
----------------------------------------------------------------------
SEA CONTAINERS LTD CL A CLA 811371707 17,214 738,400
----------------------------------------------------------------------
SELAS CORP AMER COM COM 816119101 372 62,600
----------------------------------------------------------------------
SIMPSON INDS INC COM COM 829060102 18,306 1,494,350
----------------------------------------------------------------------
SMITH A O COM COM 831865209 6,423 511,300
----------------------------------------------------------------------
SOLECTRON CORP COM COM 834182107 517 11,200
----------------------------------------------------------------------
SONOCO PRODS CO COM COM 835495102 9,909 548,600
----------------------------------------------------------------------
SOUTHWEST SECS GROUP COM COM 845224104 4,412 150,830
-------------------------------------------------------------------------------------------------------------------------
Column Total 184,807
-------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- ----------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
-----------------------------------------------------------------------------------------------------------------------------------
QUAKER CHEM CORP COM X 661,700
------------------------------------------------------------------------------------------
QUALCOMM INC COM X 5,800
------------------------------------------------------------------------------------------
QUANEX CORP COM X 491,900
------------------------------------------------------------------------------------------
QUIXOTE CORP COM X 24,200
------------------------------------------------------------------------------------------
RAYMOND JAMES FINL INC COM X 279,000
------------------------------------------------------------------------------------------
RICHARDSON ELECTRS COM X 996,200
------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COM X 363,300
------------------------------------------------------------------------------------------
ROHM & HAAS X 468,750
------------------------------------------------------------------------------------------
RPM INC OHIO COM X 1,011,800
------------------------------------------------------------------------------------------
SBC COMMUNICATIONS X 303,581
------------------------------------------------------------------------------------------
SCANA CORP COM X 265,700
------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP COM X 324,600
------------------------------------------------------------------------------------------
SCHULMAN A INC COM X 734,200
------------------------------------------------------------------------------------------
SEA CONTAINERS LTD CL A X 738,400
------------------------------------------------------------------------------------------
SELAS CORP AMER COM X 62,600
------------------------------------------------------------------------------------------
SIMPSON INDS INC COM X 1,494,350
------------------------------------------------------------------------------------------
SMITH A O COM X 511,300
------------------------------------------------------------------------------------------
SOLECTRON CORP COM X 11,200
------------------------------------------------------------------------------------------
SONOCO PRODS CO COM X 548,600
------------------------------------------------------------------------------------------
SOUTHWEST SECS GROUP COM X 150,830
-----------------------------------------------------------------------------------------------------------------------------------
Column Total
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 10_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
---------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPAN AMER MED SYS INC COM COM 846396109 586 153,805
------------------------------------------------------------------------------
SUMMIT BANCORP COM COM 866005101 17,419 504,900
------------------------------------------------------------------------------
SUN MICROSYSTEMS INC COM COM 866810104 677 5,800
------------------------------------------------------------------------------
SUNOCO INC COM 86764p109 14,142 525,000
------------------------------------------------------------------------------
SUPERVALU INC COM COM 868536103 13,335 885,300
------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM COM 869099101 4,020 263,625
------------------------------------------------------------------------------
SYNALLOY CP DEL COM COM 871565107 323 54,400
------------------------------------------------------------------------------
TASTY BAKING CO COM COM 876553306 9,295 874,837
------------------------------------------------------------------------------
TELLABS INC COM COM 879664100 267 5,600
------------------------------------------------------------------------------
TEMPLE INLAND INC COM COM 879868107 10,109 266,900
------------------------------------------------------------------------------
TEXAS INSTRS INC COM COM 882508104 297 6,300
------------------------------------------------------------------------------
THOMAS & BETTS CORP COM COM 884315102 9,162 525,400
------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM COM 887134104 476 79,398
------------------------------------------------------------------------------
TIME WARNER INC COM COM 887315109 430 5,500
------------------------------------------------------------------------------
TIMKEN CO COM COM 887389104 2,393 174,800
------------------------------------------------------------------------------
TORCHMARK CORP COM 891027104 15,489 556,900
------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL COM 893889105 134 22,000
------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM COM 897844106 13,826 386,750
------------------------------------------------------------------------------
TRW INC COM COM 872649108 13,244 326,000
------------------------------------------------------------------------------
TUSCARORA INC COM COM 900902107 403 29,300
---------------------------------------------------------------------------------------------------------------------------------
Column Total 126,028
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
-------------------------------- ------------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
-------------------------------------------------------------------------------------------------------------------------------
SPAN AMER MED SYS INC COM X 153,805
----------------------------------------------------------------------------------------
SUMMIT BANCORP COM X 504,900
----------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC COM X 5,800
----------------------------------------------------------------------------------------
SUNOCO INC X 525,000
----------------------------------------------------------------------------------------
SUPERVALU INC COM X 885,300
----------------------------------------------------------------------------------------
SUSQUEHANNA BKSHS PA COM X 263,625
----------------------------------------------------------------------------------------
SYNALLOY CP DEL COM X 54,400
----------------------------------------------------------------------------------------
TASTY BAKING CO COM X 874,837
----------------------------------------------------------------------------------------
TELLABS INC COM X 5,600
----------------------------------------------------------------------------------------
TEMPLE INLAND INC COM X 266,900
----------------------------------------------------------------------------------------
TEXAS INSTRS INC COM X 6,300
----------------------------------------------------------------------------------------
THOMAS & BETTS CORP COM X 525,400
----------------------------------------------------------------------------------------
TIMBERLINE SOFTWARE CP COM X 79,398
----------------------------------------------------------------------------------------
TIME WARNER INC COM X 5,500
----------------------------------------------------------------------------------------
TIMKEN CO COM X 174,800
----------------------------------------------------------------------------------------
TORCHMARK CORP X 556,900
----------------------------------------------------------------------------------------
TRANSTECHNOLOGY CP DEL X 22,000
----------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATN COM X 386,750
----------------------------------------------------------------------------------------
TRW INC COM X 326,000
----------------------------------------------------------------------------------------
TUSCARORA INC COM X 29,300
-------------------------------------------------------------------------------------------------------------------------------
Column Total
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
FORM 13 F
Page__ 11_of__11_ Name of Reporting Manager DePrince, Race & Zollo, Inc.
-----------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Name of Issuer Title of CUSIP Fair Market Value Shares of
Class Number Principal
Amount
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TYCO INTERNATIONAL LTD COM 902124106 436 8,400
-----------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM COM 910571108 596 116,300
----------------------------------------------------------------------
UNIVERSAL FOODS CORP COM 913538104 6,754 331,500
----------------------------------------------------------------------
VERIZON COMMUNICATIONS COM COM 92343v104 20,028 413,476
----------------------------------------------------------------------
VIRGINIA CAP BANCSHARE COM COM 927758102 6,884 400,500
----------------------------------------------------------------------
VULCAN MATERIALS COM 929160109 3,649 90,800
----------------------------------------------------------------------
WAL MART STORES INC COM COM 931142103 712 14,800
----------------------------------------------------------------------
WEBSTER FINANCIAL CORP COM COM 947890109 5,568 206,700
----------------------------------------------------------------------
WELLMAN INC COM COM 949702104 15,809 1,095,000
----------------------------------------------------------------------
WELLS FARGO & CO DEL COM COM 949746101 7,878 171,500
----------------------------------------------------------------------
WOODHEAD INDS INC COM COM 979438108 358 17,200
----------------------------------------------------------------------
WORLDCOM INC. COM 55268b106 649 21,350
----------------------------------------------------------------------
XEROX CORP COM COM 984121103 5,965 396,000
-----------------------------------------------------------------------------------------------------------------------
Column Total 75,286
-----------------------------------------------------------------------------------------------------------------------
Aggregate Total 1,469,321
-----------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Name of Issuer Investment Discretion Managers Voting Authority (Shares)
--------------------------------- ------------------------------------------
(a) (b) Shared (c) See Instr.
Sole As Defined shared V (a) sole (b) shared (c) None
in Instr. V other
---------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD X 8,400
---------------------------------------------------------------------------------------------------------------------------------
UNITED GUARDIAN INC COM X 116,300
-------------------------------------------------------------------------------------------
UNIVERSAL FOODS CORP X 331,500
-------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS COM X 413,476
-------------------------------------------------------------------------------------------
VIRGINIA CAP BANCSHARE COM X 400,500
-------------------------------------------------------------------------------------------
VULCAN MATERIALS X 90,800
-------------------------------------------------------------------------------------------
WAL MART STORES INC COM X 14,800
-------------------------------------------------------------------------------------------
WEBSTER FINANCIAL CORP COM X 206,700
-------------------------------------------------------------------------------------------
WELLMAN INC COM X 1,095,000
-------------------------------------------------------------------------------------------
WELLS FARGO & CO DEL COM X 171,500
-------------------------------------------------------------------------------------------
WOODHEAD INDS INC COM X 17,200
-------------------------------------------------------------------------------------------
WORLDCOM INC. X 21,350
-------------------------------------------------------------------------------------------
XEROX CORP COM X 396,000
---------------------------------------------------------------------------------------------------------------------------------
Column Total
---------------------------------------------------------------------------------------------------------------------------------
Aggregate Total
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
