UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Westcap Investors, LLC
Address: 11111 Santa Monica Blvd.
Suite 820
Los Angeles, CA 90025
13F File Number: 28-5420
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Geoffrey I. Edelstein
Title: Managing Director
Phone: (310) 996-3234
Signature, Place, and Date of Signing:
Geoffrey I. Edelstein Los Angeles, CA May 15, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Manager Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 233
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,172,380,032
LIST OF OTHER INCLUDED MANAGERS:
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COM 002824100 2751 78189 SH SOLE 78189 0 0
ACTIVISION INC NEW COM NEW COM 004930202 423 35070 SH SOLE 35070 0 0
ADAPTEC INC COM COM 00651F108 551 14258 SH SOLE 14258 0 0
ADC TELECOMMUNICATION INC COM COM 000886101 20723 384655 SH SOLE 384655 0 0
ADELPHIA COMMUNICATIONS CORPPF CONVERTIBLE PREF 006848402 541 3550 SH SOLE 3550 0 0
ADVANCED RADIO TELECOM CORP CO COM 00754U101 747 22540 SH SOLE 22540 0 0
AES CORP 4.500% 08/15/05 CONVERTIBLE BOND 00130HAN5 1200 785000 PRN SOLE 785000 0 0
AES CORP COM COM 00130H105 19603 248929 SH SOLE 248929 0 0
ALLERGAN INC COM 018490102 15228 304566 SH SOLE 303766 0 800
ALLSTATE CORP COM 020002101 313 13140 SH SOLE 13140 0 0
ALTERA CORP COM 021441100 397 4446 SH SOLE 4446 0 0
ALZA CORP 5.000% 05/01/06 CONVERTIBLE BOND 022615AD0 948 875000 PRN SOLE 875000 0 0
ALZA CORP DEL CL A COM 022615108 16481 438765 SH SOLE 437765 0 1000
AMERICA ONLINE 0.000% 12/06/19 CONVERTIBLE BOND 02364JAC8 660 1200000 PRN SOLE 1200000 0 0
AMERICAN EXPRESS CO COM 025816109 551 11100 SH SOLE 11100 0 0
AMERICAN HOME PRODS CORP COM 026609107 1084 20166 SH SOLE 20166 0 0
AMERICAN INTL GROUP INC COM 026874107 43390 396264 SH SOLE 396264 0 0
AMERICAN MOBILE SATELLITE COCO COM 02755R103 514 21420 SH SOLE 21420 0 0
AMERISOURCE HEALTH CORP CL A COM 03071P102 595 39660 SH SOLE 39660 0 0
AMGEN INC COM 031162100 870 14170 SH SOLE 14170 0 0
ANADARKO PETROLEUM COM 032511107 310 8000 SH SOLE 8000 0 0
ANHEUSER BUSCH COS I COM 035229103 261 4200 SH SOLE 4200 0 0
ANN TAYLOR 144A 0.550% 06/18/1 CONVERTIBLE BOND 036115AA1 146 340000 PRN SOLE 340000 0 0
ANTEC CORP 4.500% 05/15/03 CONVERTIBLE BOND 03664PAB1 1154 600000 PRN SOLE 600000 0 0
AON CORP COM COM 037389103 210 6525 SH SOLE 6525 0 0
APACHE CORP COM 037411105 14694 295362 SH SOLE 295362 0 0
APACHE CORP 6.500% 05/15/02 CONVERTIBLE PREF 037411600 1184 26315 SH SOLE 26315 0 0
APEX INC COM COM 037548104 467 12580 SH SOLE 12580 0 0
ARCHER DANIELS MIDLAND COM 039483102 244 23649 SH SOLE 23649 0 0
ASSOCIATES FIRST CAPITAL CORP COM 046008108 928 43398 SH SOLE 43398 0 0
ATLANTIC RICHFIELD C COM 048825103 961 11300 SH SOLE 11300 0 0
AT&T CORP COM 001957109 1756 31190 SH SOLE 31190 0 0
AT&T CORP LIBERTY MEDIA CL A COM 001957208 18517 312214 SH SOLE 312214 0 0
AUTOMATIC DATA PROCESSING COM 053015103 2435 50458 SH SOLE 50458 0 0
AVID TECHNOLOGY INC COM COM 05367P100 304 16980 SH SOLE 16980 0 0
BAKER HUGHES INC COM 057224107 21986 726813 SH SOLE 726813 0 0
BANK OF AMERICA COM 060505104 13289 253412 SH SOLE 253412 0 0
BANK ONE CORP COM 06423A103 208 6051 SH SOLE 6051 0 0
BELL ATLANTIC CORP COM 077853109 1705 27887 SH SOLE 27887 0 0
BELL ATLANTIC FINL 4.250% 09/1 CONVERTIBLE BOND U0778KAD4 825 685000 PRN SOLE 685000 0 0
BENCHMARK ELECTRONIC 6.000% 08 CONVERTIBLE BOND 08160HAA9 555 500000 PRN SOLE 500000 0 0
BENCHMARK ELECTRS INC COM COM 08160H101 1175 31760 SH SOLE 31760 0 0
BERKSHIRE HATHAWAY INC DEL CL COM 084670108 1258 22 SH SOLE 22 0 0
BP AMOCO ADS COM 055622104 6607 124076 SH SOLE 124076 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 19585 337743 SH SOLE 337743 0 0
BURLINGTON RES INC COM 122014103 1365 36935 SH SOLE 36935 0 0
CAL DIVE INTL INC COM COM 127914109 832 16395 SH SOLE 16395 0 0
CAMPBELL SOUP CO COM 134429109 215 7000 SH SOLE 7000 0 0
CARDINAL HEALTH INC COM COM 14149Y108 1796 39158 SH SOLE 39158 0 0
CARNIVAL CORP CL A COM 143658102 224 9008 SH SOLE 9008 0 0
CATAPULT COMMUNICATIONS CORPCO COM 149016107 349 34220 SH SOLE 34220 0 0
CBS CORPORATION COM 12490K107 16571 292698 SH SOLE 291898 0 800
CENTOCOR INC. 4.750% 02/15/05 CONVERTIBLE BOND 152342AE1 554 495000 PRN SOLE 495000 0 0
CHASE MANHATTAN CORPORATION COM 16161A108 857 9826 SH SOLE 9826 0 0
CHEVRON CORP COM 166751107 24675 266939 SH SOLE 266489 0 450
CHOICEPOINT INC COM COM 170388102 537 14380 SH SOLE 14380 0 0
CIBER INC COM COM 17163B102 619 30190 SH SOLE 30190 0 0
CISCO SYS INC COM 17275R102 54107 699849 SH SOLE 698649 0 1200
CITIGROUP INC. COM 172967101 32275 539305 SH SOLE 538480 0 825
CLEAR CHANNEL 2.625% 04/01/03 CONVERTIBLE BOND 184502AB8 243 200000 PRN SOLE 200000 0 0
CNF TRUST I TECONS SER A CONVERTIBLE PREF 12612V205 760 17890 SH SOLE 17890 0 0
COCA COLA CO COM 191216100 973 20721 SH SOLE 20721 0 0
COINSTAR INC COM COM 19259P300 553 43820 SH SOLE 43820 0 0
COLGATE PALMOLIVE CO COM 194162103 1068 18950 SH SOLE 18950 0 0
COM21 INC COM COM 205937105 632 13440 SH SOLE 13440 0 0
COMMSCOPE INC. 144A 4.000% 12/ CONVERTIBLE BOND 203372AA5 294 250000 PRN SOLE 250000 0 0
COMPUTER SCIENCES CORP COM 205363104 24680 311911 SH SOLE 311511 0 400
CONMED CORP COM COM 207410101 350 13950 SH SOLE 13950 0 0
COSTCO COMPANIES 0.000% 08/19/ CONVERTIBLE BOND 22160QAC6 1405 1155000 PRN SOLE 1155000 0 0
COSTCO WHOLESALE CORP COM 22160K105 21038 400258 SH SOLE 400258 0 0
COX COMMUN INC EXCH PCS 7.750% CONVERTIBLE PREF 224044503 686 5670 SH SOLE 5670 0 0
COX COMMUNICATIONS 7.000% 08/1 CONVERTIBLE PREF 224044305 1031 16240 SH SOLE 16240 0 0
COX COMMUNICATIONS INC N CL A COM 224044107 876 18058 SH SOLE 18058 0 0
CUMULUS MEDIA INC CL A COM 231082108 523 36380 SH SOLE 36380 0 0
CVS CORP TRACES 6.000% 05/15/0 CONVERTIBLE PREF 126645209 555 8220 SH SOLE 8220 0 0
CYBERONICS INC COM COM 23251P102 408 21850 SH SOLE 21850 0 0
CYPRESS SEMICONDUCTOR 4.000% 0 CONVERTIBLE BOND 232806AE9 760 600000 PRN SOLE 600000 0 0
DEERE & CO COM 244199105 224 5882 SH SOLE 5882 0 0
DENDRITE INTL INC COM COM 248239105 374 17880 SH SOLE 17880 0 0
DEVON ENERGY CORP NEW 4.950% 0 CONVERTIBLE BOND 25179MAB9 781 780000 PRN SOLE 780000 0 0
DIAMOND OFFSHORE DRIL CVT 3.75 CONVERTIBLE BOND 25271CAA0 894 790000 PRN SOLE 790000 0 0
DIEBOLD INC COM 253651103 220 8000 SH SOLE 8000 0 0
DISNEY WALT PRODTNS COM 254687106 767 18591 SH SOLE 18591 0 0
DOLLAR GEN STRYPES TRUST 8.500 CONVERTIBLE PREF 256678103 659 17230 SH SOLE 17230 0 0
DOVER CORP COM 260003108 412 8600 SH SOLE 8600 0 0
DU PONT E I DE NEMOU COM 263534109 429 8100 SH SOLE 8100 0 0
E M C CORP MASS COM 268648102 4347 34501 SH SOLE 34501 0 0
EL PASO ENERGY CAP TR I PFD CO CONVERTIBLE PREF 283678209 894 17030 SH SOLE 17030 0 0
EL PASO ENERGY CORP DEL COM COM 283905107 699 17297 SH SOLE 17297 0 0
ELAN FINANCE 0% 12/14/18 CONVERTIBLE BOND 284129AC7 670 935000 PRN SOLE 935000 0 0
ELAN PLC ADR COM 284131208 2753 57960 SH SOLE 57960 0 0
ELAN/ATHENA NEUROSCIENCES 4.75 CONVERTIBLE BOND 046854AB1 318 230000 PRN SOLE 230000 0 0
EMERSON ELEC CO COM 291011104 2588 48720 SH SOLE 48720 0 0
ENRON CORP COM 293561106 2529 33774 SH SOLE 33774 0 0
ERICSSON L M TEL CO ADR CL B S COM 294821400 532 22688 SH SOLE 22688 0 0
ESTEE LAUDER TRACES 6.250% 06/ CONVERTIBLE PREF 518437207 770 8655 SH SOLE 8655 0 0
EXPEDITORS INTL WASH INC COM COM 302130109 407 10250 SH SOLE 10250 0 0
EXXON MOBIL CORPORATION COM 30231G102 22148 284197 SH SOLE 284197 0 0
FEDERAL HOME LN MTG CORP COM 313400301 705 15950 SH SOLE 15950 0 0
FEDERAL NATL MTG ASSOC COM 313586109 1291 22820 SH SOLE 22820 0 0
FIFTH THIRD BANCORP COM COM 316773100 214 3400 SH SOLE 3400 0 0
FIRST DATA CORP COM 319963104 4596 103577 SH SOLE 103577 0 0
FIRST ESSEX BANCORP COM COM 320103104 474 30680 SH SOLE 30680 0 0
FLEETBOSTON FINANCIAL CORPORAT COM 339030108 254 6950 SH SOLE 6950 0 0
FORD MTR CO DEL COM 345370100 319 6954 SH SOLE 6954 0 0
GENERAL ELEC CO COM 369604103 37657 707356 SH SOLE 703756 0 3600
GENERAL MLS INC COM 370334104 217 6000 SH SOLE 6000 0 0
GENZYME CORP 5.250% 06/01/05 CONVERTIBLE BOND 372917AF1 681 455000 PRN SOLE 455000 0 0
GENZYME TRANSGENICS CORP COM COM 37246E105 216 10780 SH SOLE 10780 0 0
GETTY IMAGES INC 5.000% 03/15/ CONVERTIBLE BOND 374276AD5 257 320000 PRN SOLE 320000 0 0
GILLETTE CO COM 375766102 1703 45194 SH SOLE 45194 0 0
GLAXO WELLCOME PLC SPONSORED A COM 37733W105 246 4300 SH SOLE 4300 0 0
GTE CORP COM 362320103 28599 402790 SH SOLE 402290 0 500
GUEST SUPPLY INC COM COM 401630108 576 32310 SH SOLE 32310 0 0
GUIDANT CORP COM 401698105 2210 37536 SH SOLE 37536 0 0
GULF ISLAND FABRICATION INC CO COM 402307102 746 51030 SH SOLE 51030 0 0
HADCO CORP COM COM 404681108 977 15065 SH SOLE 15065 0 0
HARBINGER CORP COM COM 41145C103 658 22580 SH SOLE 22580 0 0
HENRY JACK & ASSOC INC COM COM 426281101 578 15680 SH SOLE 15680 0 0
HEWLETT PACKARD CO COM 428236103 966 7290 SH SOLE 7290 0 0
HOME DEPOT INC COM 437076102 32342 501436 SH SOLE 494639 0 6797
HONEYWELL INTERNATIONAL, INC. COM 438516106 5254 99728 SH SOLE 99728 0 0
HOOPER HOLMES INC COM COM 439104100 890 51880 SH SOLE 51880 0 0
HSBC HOLDINGS PLC COM 404280406 252 4134 SH SOLE 4134 0 0
I B M COM 459200101 30703 260197 SH SOLE 259797 0 400
ILLINOIS TOOL WORKS COM 452308109 1324 23960 SH SOLE 23960 0 0
INGERSOLL-RAND INCOME PRIDE 6. CONVERTIBLE PREF 456867209 628 26730 SH SOLE 26730 0 0
INTEL CORP COM 458140100 36258 274815 SH SOLE 273415 0 1400
INTERIM SVCS INC COM COM 45868P100 424 22850 SH SOLE 22850 0 0
INTERPUBLIC GROUP COS IN COM 460690100 19194 406223 SH SOLE 405223 0 1000
INTL PAPER CO COM 460146103 286 6682 SH SOLE 6682 0 0
INVESTMENT TECHNOLOGY GRP NECO COM 46145F105 502 14255 SH SOLE 14255 0 0
JACOR COMM INC 0.000% 02/09/18 CONVERTIBLE BOND 469858AB0 577 1035000 PRN SOLE 1035000 0 0
JEFFERIES GROUP INC NEW COM COM 472319102 630 27555 SH SOLE 27555 0 0
JOHNSON & JOHNSON COM 478160104 4669 66458 SH SOLE 66458 0 0
KIMBERLY CLARK CORP COM 494368103 425 7584 SH SOLE 7584 0 0
KONINKLIJKE PHILIPS ELECTRS AD COM 500472204 347 8096 SH SOLE 8096 0 0
LAMAR ADVERTISING CO 5.250% 09 CONVERTIBLE BOND 512815AF8 710 615000 PRN SOLE 615000 0 0
LAUDER ESTEE COS INC CL A COM 518439104 2388 47700 SH SOLE 47700 0 0
LIBERTY MEDIA 144A 4.000% 11/1 CONVERTIBLE BOND 530715AF8 626 400000 PRN SOLE 400000 0 0
LIBERTY MEDIA 4.000% 11/15/29 CONVERTIBLE BOND 530715AG6 289 185000 PRN SOLE 185000 0 0
LILLY ELI & CO COM 532457108 1149 18344 SH SOLE 18344 0 0
LINCOLN NATIONAL INCOME PRIDES CONVERTIBLE PREF 534187604 1695 83710 SH SOLE 83710 0 0
LSI LOGIC 4.250% 03/15/04 CONVERTIBLE BOND 502161AD4 767 165000 PRN SOLE 165000 0 0
LSI LOGIC LSI 4.000% 02/15/05 CONVERTIBLE BOND 502161AE2 546 440000 PRN SOLE 440000 0 0
LUCENT TECHNOLOGIES INC COM COM 549463107 29877 482307 SH SOLE 481107 0 1200
MASTEC INC COM COM 576323109 1052 11815 SH SOLE 11815 0 0
MCDONALDS CORP COM 580135101 2223 59472 SH SOLE 59472 0 0
MCI WORLDCOM COM 55268B106 25853 570551 SH SOLE 569251 0 1300
MEDIAONE GROUP INC COM COM 58440J104 22387 276391 SH SOLE 275841 0 550
MEDIAONE GROUP INC EXC VODAPHO CONVERTIBLE PREF 58440J500 1044 20070 SH SOLE 20070 0 0
MERCK & CO INC COM 589331107 6915 111315 SH SOLE 111315 0 0
MERCURY COMPUTER SYS INC COM COM 589378108 314 6430 SH SOLE 6430 0 0
MERRILL LYNCH & CO INC COM 590188108 255 2425 SH SOLE 2425 0 0
MERRILL LYNCH & CO INC ST YLD CONVERTIBLE PREF 590188645 295 7160 SH SOLE 7160 0 0
METROMEDIA FIBER NETWORK DECS CONVERTIBLE PREF 24366Q209 834 9815 SH SOLE 9815 0 0
METROMEDIA INTL GROUP INC COM COM 591695101 367 65170 SH SOLE 65170 0 0
METROMEDIA INTL. GROUP INC. 7. CONVERTIBLE PREF 591695200 325 10165 SH SOLE 10165 0 0
MICROSOFT CORP COM 594918104 41913 394474 SH SOLE 394074 0 400
MIDCOAST ENERGY RES INC COM COM 59563W104 850 50209 SH SOLE 50209 0 0
MILLER HERMAN INC COM COM 600544100 308 11000 SH SOLE 11000 0 0
MINNESOTA MNG & MFG CO COM 604059105 861 9719 SH SOLE 9719 0 0
MOLEX INC COM 608554101 5763 98098 SH SOLE 98098 0 0
MOLEX INC CL A COM 608554200 447 10081 SH SOLE 10081 0 0
MORGAN ST DEAN WITTER WCOM 6.0 CONVERTIBLE PREF 617446257 1016 162549 SH SOLE 162549 0 0
MORGAN STANLEY DEAN WITTER DIS COM 617446448 805 9708 SH SOLE 9708 0 0
MOTOROLA INC COM 620076109 11263 77265 SH SOLE 77265 0 0
MRV COMMUNICATIONS INC COM COM 553477100 348 3795 SH SOLE 3795 0 0
NCO GROUP INC COM COM 628858102 629 19680 SH SOLE 19680 0 0
NEWFIELD EXPL CO COM COM 651290108 827 23470 SH SOLE 23470 0 0
NEWS AMER HLDGS INC LYONS 0.00 CONVERTIBLE BOND 652478AS7 865 765000 PRN SOLE 765000 0 0
NORTHERN TR CORP COM 665859104 3159 46750 SH SOLE 46750 0 0
OAK INDUSTRIES 4.875% 03/01/08 CONVERTIBLE BOND 671400AL3 1378 330000 PRN SOLE 330000 0 0
OMNICARE INC COM COM 681904108 557 46190 SH SOLE 46190 0 0
OMNICOM 2.250% 01/06/13 CONVERTIBLE BOND 681919AG1 249 130000 PRN SOLE 130000 0 0
OMNICOM GROUP CVT BOND 4.250% CONVERTIBLE BOND 681919AE6 756 255000 PRN SOLE 255000 0 0
OPEN MKT INC COM COM 68370M100 305 11855 SH SOLE 11855 0 0
ORGANOGENESIS INC COM COM 685906109 337 27955 SH SOLE 27955 0 0
PE BIOSYSTEMS GROUP COM COM 69332S102 4205 43577 SH SOLE 42977 0 600
PEPSICO INC COM 713448108 4447 127512 SH SOLE 127512 0 0
PERFORMANCE FOOD GROUP CO COM COM 713755106 543 24840 SH SOLE 24840 0 0
PFIZER INC COM 717081103 26603 727595 SH SOLE 725795 0 1800
PHILIP MORRIS COS INC COM 718154107 947 44851 SH SOLE 44851 0 0
PITNEY BOWES INC COM 724479100 3301 73869 SH SOLE 73069 0 800
PLC CAPITAL TRUST II CONVERTIBLE PREF 743674202 570 10955 SH SOLE 10955 0 0
PPG INDS INC COM 693506107 790 15100 SH SOLE 15100 0 0
PRICE T ROWE & ASSOCIATE COM 741477103 463 11720 SH SOLE 11720 0 0
PRIMUS TELECOMM GROUP INC COM COM 741929103 1102 21330 SH SOLE 21330 0 0
PROCTER & GAMBLE CO COM 742718109 11737 207783 SH SOLE 207783 0 0
PROSPERITY BANCSHARES INC COM COM 743606105 395 26755 SH SOLE 26755 0 0
RAYOVAC CORP COM COM 755081106 636 27370 SH SOLE 27370 0 0
RELIANT ENERGY INC EXCH TWX AC CONVERTIBLE PREF 442161204 1154 6985 SH SOLE 6985 0 0
REPSOL S A SPONSORED ADR COM 76026T205 205 9600 SH SOLE 9600 0 0
ROYAL DUTCH PETRO-NY SHARES COM 780257804 2850 49301 SH SOLE 49301 0 0
ROYCE FD PA MUT FD II MUTUAL FUNDS 780905832 101 11609 SH SOLE 11609 0 0
SAFEWAY INC COM NEW COM 786514208 472 10430 SH SOLE 10430 0 0
SBC COMMUNICATIONS INC COM 78387G103 888 21075 SH SOLE 21075 0 0
SBS BROADCASTING ORD COM L8137F102 948 15420 SH SOLE 15420 0 0
SCHERING PLOUGH CORP COM 806605101 14770 398041 SH SOLE 398041 0 0
SCHLUMBERGER LTD COM 806857108 1867 24406 SH SOLE 24406 0 0
SCHWAB CHARLES CORP NEW COM 808513105 3286 58161 SH SOLE 52303 0 5858
SCI SYS INC COM COM 783890106 34552 642784 SH SOLE 642784 0 0
SCI SYSTEMS 3.000% 03/05/07 CONVERTIBLE BOND 783890AF3 850 760000 PRN SOLE 760000 0 0
SEAGRAMS ACES 7.500% 06/21/02 CONVERTIBLE PREF 811850205 816 14700 SH SOLE 14700 0 0
SEALED AIR CORP NEW PFD CONV A CONVERTIBLE PREF 81211K209 1804 34730 SH SOLE 34730 0 0
SOLECTRON CORP 0.000% 01/27/19 CONVERTIBLE BOND 834182AJ6 894 1345000 PRN SOLE 1345000 0 0
SOUTHWEST AIRLS CO COM 844741108 738 35437 SH SOLE 35437 0 0
SPECTRALINK CORP COM COM 847580107 673 37400 SH SOLE 37400 0 0
SPRINT CORP PCS COM SER 1 COM 852061506 13522 206475 SH SOLE 206475 0 0
STAPLES INC COM COM 855030102 6009 300430 SH SOLE 298530 0 1900
STRYKER CORP COM 863667101 698 10000 SH SOLE 10000 0 0
SUPERGEN INC COM COM 868059106 255 5310 SH SOLE 5310 0 0
SYSCO CORP COM 871829107 18158 502921 SH SOLE 502921 0 0
TARGET CORP COM 87612E106 822 11000 SH SOLE 11000 0 0
TEXAS INSTRS INC COM 882508104 22962 143516 SH SOLE 143016 0 500
TIME WARNER INC COM 887315109 23139 231384 SH SOLE 230884 0 500
TRW INC COM 872649108 421 7200 SH SOLE 7200 0 0
TYCO INTL LTD NEW COM COM 902124106 38647 771048 SH SOLE 771048 0 0
UNITED TECHNOLOGIES CORP COM 913017109 259 4092 SH SOLE 4092 0 0
UNUMPROVIDENT CORP COM 91529Y106 685 40470 SH SOLE 40470 0 0
URBAN OUTFITTERS INC COM COM 917047102 641 43480 SH SOLE 43480 0 0
US BANCORP COM 902973106 315 14398 SH SOLE 14398 0 0
USX-MARATHON GROUP COM NEW COM 902905827 221 8480 SH SOLE 8480 0 0
VALUEVISION INTL INCCL A COM 92047K107 684 16525 SH SOLE 16525 0 0
VODAFONE GROUP PLC ADR SPONSOR COM 92857T107 708 12750 SH SOLE 12750 0 0
WAL MART STORES INC COM 931142103 18544 328586 SH SOLE 328586 0 0
WALGREEN CO COM 931422109 999 38800 SH SOLE 38800 0 0
WELLS FARGO NEW COM 949746101 8059 197765 SH SOLE 197765 0 0
WEYERHAEUSER CO COM 962166104 347 6093 SH SOLE 6093 0 0
WILLIAMS COS INC COM 969457100 27402 623661 SH SOLE 623061 0 600
WRIGLEY WM JR CO COM 982526105 438 5700 SH SOLE 5700 0 0
XETA TECHNOLOGIES COM COM 983909102 326 7165 SH SOLE 7165 0 0
ZORAN CORP COM COM 98975F101 553 9820 SH SOLE 9820 0 0
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