WEDGE Capital Management L.L.P.
2920 One First Union Center Charlotte NC 28202-6002
Bradley W. Horstmann (704) 334-6475 Executive Vice President
The institutional investment manager submitting this form and
its attachments and the person by whom it is signed represent
hereby that all information contained herein 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
and complete as previously submitted.
Persuant to the requirements of Securities and Exchange Act
of 1934, the undersigned institutional investment manager
has caused this report to be signed on its behalf in the city
of Charlotte and State of North Carolina on the 28th day of January,
2000.
WEDGE Capital Management L.L.P.
Bradley W. Horstmann
<TABLE>
FORM 13F
<CAPTION>
REPORTING MANAGER : WEDGE CAPITAL MANAGEMENT L.L.P.
REPORTING DATE: DECEMBER 31, 1999
ISSUER NAME CLASS TITLE CUSIP VALUE(K)SH/P AMT SH/PRN P/CINV DSCMGRS SOLE SHRD NONE
<S> <C> <C> <C> <C> <C><C> <C> <C> <C> <C>
AES CORP COMMON 00130H105 35022 468525SH SOLE 0 468525 0
AK STL HLDG CORP COMMON 01547108 45869 2430150SH SOLE 0 2430150 0
AMR CORP COMMON 01765106 107 1600SH SOLE 0 1600 0
ARM FINL GROUP INC CL A 01944107 0 500SH SOLE 0 500 0
AVX CORP NEW COMMON 02444107 320 6400SH SOLE 0 6400 0
ACX TECHNOLOGIES INC COMMON 05123104 7557 707100SH SOLE 0 707100 0
AIR PRODS & CHEMS INC COMMON 09158106 44 1300SH SOLE 0 1300 0
AKZO NOBEL NV DEPOSITORY RECEI 10199305 40 800SH SOLE 0 800 0
ALASKA AIR GROUP INC COMMON 11659109 6444 183450SH SOLE 0 183450 0
ALCOA INC COMMON 13817101 61260 738075SH SOLE 0 738075 0
ALLEGHENY ENERGY INC COMMON 17361106 156 5800SH SOLE 0 5800 0
ALLEGHENY TELEDYNE INC COMMON 17415100 94 6600SH SOLE 0 6600 0
ALLMERICA FINL CORP COMMON 19754100 30292 544575SH SOLE 0 544575 0
ALLSTATE CORP COMMON 20002101 47582 1977450SH SOLE 0 1977450 0
ALLTRISTA CORP COMMON 20040101 6992 316000SH SOLE 0 316000 0
AMBAC FINL GROUP INC COMMON 23139108 172 3300SH SOLE 0 3300 0
AMERICAN GREETINGS CORP CL A 26375105 6662 282000SH SOLE 0 282000 0
ANALOG DEVICES INC COMMON 32654105 335 3600SH SOLE 0 3600 0
APPLIED MATLS INC COMMON 38222105 291 2300SH SOLE 0 2300 0
ASHLAND INC COMMON 44204105 385 11700SH SOLE 0 11700 0
ASSOCIATED BANC CORP COMMON 45487105 8 238SH SOLE 0 238 0
AUTODESK INC COMMON 52769106 8762 259600SH SOLE 0 259600 0
AVON PRODS INC COMMON 54303102 29891 905800SH SOLE 0 905800 0
BJS WHOLESALE CLUB INC COMMON 05548J106 124 3400SH SOLE 0 3400 0
BANK OF AMERICA CORP COMMON 60505104 52013 1036375SH SOLE 0 1036375 0
BANK ONE CORP COMMON 06423A103 118 3700SH SOLE 0 3700 0
BARD C R INC COMMON 67383109 217 4100SH SOLE 0 4100 0
BAUSCH & LOMB INC COMMON 71707103 22081 322650SH SOLE 0 322650 0
BECTON DICKINSON & CO COMMON 75887109 45235 1679275SH SOLE 0 1679275 0
BELDEN INC COMMON 77459105 15809 752800SH SOLE 0 752800 0
BEMIS INC COMMON 81437105 45 1300SH SOLE 0 1300 0
BESTFOODS COMMON 08658U101 53096 1010150SH SOLE 0 1010150 0
BLACK & DECKER CORP COMMON 91797100 68977 1320125SH SOLE 0 1320125 0
BLOUNT INTL INC NEW COMMON 95180105 217 13593SH SOLE 0 13593 0
BORG-WARNER AUTOMOTIVE I COMMON 99724106 15325 378400SH SOLE 0 378400 0
BRIGGS & STRATTON CORP COMMON 109043109 4451 83000SH SOLE 0 83000 0
BRINKER INTL INC COMMON 109641100 150 6200SH SOLE 0 6200 0
BROWNING FERRIS INDS COMMON 115885105 31 700SH SOLE 0 700 0
BURLINGTON COAT FACTORY COMMON 121579106 17525 1263060SH SOLE 0 1263060 0
BURLINGTON NORTHN SANTA COMMON 12189T104 252 10400SH SOLE 0 10400 0
BURLINGTON RES INC COMMON 122014103 38475 1163700SH SOLE 0 1163700 0
BURR BROWN CORP COMMON 122574106 307 8500SH SOLE 0 8500 0
CMS ENERGY CORP COMMON 125896100 13059 418722SH SOLE 0 418722 0
CSX CORP COMMON 126408103 135 4300SH SOLE 0 4300 0
CADBURY SCHWEPPES PLC DEPOSITORY RECEI 127209302 220 9100SH SOLE 0 9100 0
CAMPBELL SOUP CO COMMON 134429109 205 5300SH SOLE 0 5300 0
CANADIAN NATL RY CO COMMON 136375102 32629 1231300SH SOLE 0 1231300 0
CARPENTER TECHNOLOGY COR COMMON 144285103 18400 670600SH SOLE 0 670600 0
CATELLUS DEV CORP COMMON 149111106 173 13500SH SOLE 0 13500 0
CENTRAL NEWSPAPERS INC CL A 154647101 134 3400SH SOLE 0 3400 0
CHARTER ONE FINL INC COMMON 160903100 161 8400SH SOLE 0 8400 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 233 3000SH SOLE 0 3000 0
CINERGY CORP COMMON 172474108 6760 282400SH SOLE 0 282400 0
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 144 3200SH SOLE 0 3200 0
CLAIRES STORES INC COMMON 179584107 26747 1195400SH SOLE 0 1195400 0
COASTAL CORP COMMON 190441105 177 5000SH SOLE 0 5000 0
COMAIR HOLDINGS INC COMMON 199789108 33 1400SH SOLE 0 1400 0
COMDISCO INC COMMON 200336105 22 600SH SOLE 0 600 0
COMMERCIAL INTERTECH COR COMMON 201709102 4 300SH SOLE 0 300 0
COMMUNITY FIRST BANKSHAR COMMON 203902101 8170 518700SH SOLE 0 518700 0
COMPAQ COMPUTER CORP COMMON 204493100 60625 2240184SH SOLE 0 2240184 0
COMPUTER ASSOC INTL INC COMMON 204912109 322 4600SH SOLE 0 4600 0
CONECTIV INC COMMON 206829103 161 9600SH SOLE 0 9600 0
CONSOLIDATED EDISON INC COMMON 209115104 169 4900SH SOLE 0 4900 0
CONSOLIDATED PAPERS INC COMMON 209759109 41 1300SH SOLE 0 1300 0
CONSTELLATION ENERGY COR COMMON 210371100 168 5800SH SOLE 0 5800 0
COOPER INDS INC COMMON 216669101 101 2500SH SOLE 0 2500 0
COORS ADOLPH CO CL B 217016104 194 3700SH SOLE 0 3700 0
CUMMINS ENGINE INC COMMON 231021106 5266 109000SH SOLE 0 109000 0
DPL INC COMMON 233293109 158 9100SH SOLE 0 9100 0
DTE ENERGY CO COMMON 233331107 158 5000SH SOLE 0 5000 0
DALLAS SEMICONDUCTOR COR COMMON 235204104 316 4900SH SOLE 0 4900 0
DARDEN RESTAURANTS INC COMMON 237194105 136 7500SH SOLE 0 7500 0
DAYTON HUDSON CORP COMMON 239753106 132 1800SH SOLE 0 1800 0
DELUXE CORP COMMON 248019101 102 3700SH SOLE 0 3700 0
DENTSPLY INTL INC NEW COMMON 249030107 194 8200SH SOLE 0 8200 0
DIME BANCORP INC NEW COMMON 25429Q102 157 10400SH SOLE 0 10400 0
DOLE FOOD INC COMMON 256605106 34019 2093450SH SOLE 0 2093450 0
DONNELLEY R R & SONS CO COMMON 257867101 112 4500SH SOLE 0 4500 0
DOW CHEM CO COMMON 260543103 53 400SH SOLE 0 400 0
DOW JONES & CO INC COMMON 260561105 136 2000SH SOLE 0 2000 0
DUKE ENERGY CORP COMMON 264399106 55580 1108833SH SOLE 0 1108833 0
DUKE WEEKS REALTY CORP COM NEW 264411505 7404 379700SH SOLE 0 379700 0
DYNEGY INC COMMON 26816L102 36531 1502550SH SOLE 0 1502550 0
E M C CORP MASS COMMON 268648102 317 2900SH SOLE 0 2900 0
ENI S P A DEPOSITORY RECEI 26874R108 375 6800SH SOLE 0 6800 0
EOG RES INC COMMON 26875P101 15808 900125SH SOLE 0 900125 0
EASTMAN CHEM CO COMMON 277432100 43 900SH SOLE 0 900 0
EATON CORP COMMON 278058102 109 1500SH SOLE 0 1500 0
EDISON INTL COMMON 281020107 165 6300SH SOLE 0 6300 0
EDWARDS AG INC COMMON 281760108 173 5400SH SOLE 0 5400 0
EL PASO ENERGY CORP DEL COMMON 283905107 63968 1648125SH SOLE 0 1648125 0
ELCOR CORP COMMON 284443108 9648 320250SH SOLE 0 320250 0
ENERGY EAST CORP COMMON 29266M109 160 7700SH SOLE 0 7700 0
ENRON CORP COMMON 293561106 559 12600SH SOLE 0 12600 0
ENTERGY CORP NEW COMMON 29364G103 160 6200SH SOLE 0 6200 0
EPICOR SOFTWARE CORP COMMON 29426L108 2 454SH SOLE 0 454 0
EVEREST REINS HLDGS INC COMMON 299808105 163 7300SH SOLE 0 7300 0
EXXON MOBIL CORP COMMON 30231G102 51144 634842SH SOLE 0 634842 0
F M C CORP COM NEW 302491303 16019 279508SH SOLE 0 279508 0
FPIC INS GROUP INC COMMON 302563101 7 400SH SOLE 0 400 0
FEDERATED DEPT STORES IN COMMON 31410H101 137 2700SH SOLE 0 2700 0
FINANCIAL SEC ASSURN HLD COMMON 31769P100 182 3500SH SOLE 0 3500 0
FIRST UN CORP COMMON 337358105 79 2400SH SOLE 0 2400 0
FIRSTENERGY CORP COMMON 337932107 161 7100SH SOLE 0 7100 0
FLEETWOOD ENTERPRISES IN COMMON 339099103 8137 394500SH SOLE 0 394500 0
FLORIDA PROGRESS CORP COMMON 341109106 165 3900SH SOLE 0 3900 0
FLOWERS INDS INC COMMON 343496105 6718 421500SH SOLE 0 421500 0
FORD MTR CO DEL COMMON 345370100 31502 590890SH SOLE 0 590890 0
GATX CORP COMMON 361448103 29954 887525SH SOLE 0 887525 0
GPU INC COMMON 36225X100 158 5300SH SOLE 0 5300 0
GABLES RESIDENTIAL TR SH BEN INT 362418105 8645 360200SH SOLE 0 360200 0
GLOBAL INDS LTD COMMON 379336100 89 10300SH SOLE 0 10300 0
GOLDEN WEST FINL CORP DE COMMON 381317106 171 5100SH SOLE 0 5100 0
GOODRICH B F CO COMMON 382388106 110 4001SH SOLE 0 4001 0
GOODYEAR TIRE & RUBR CO COMMON 382550101 105 3750SH SOLE 0 3750 0
GRACO INC COMMON 384109104 12309 343112SH SOLE 0 343112 0
GREAT LAKES CHEM CORP COMMON 390568103 42 1100SH SOLE 0 1100 0
GREENPOINT FINL CORP COMMON 395384100 174 7300SH SOLE 0 7300 0
GRIFFON CORP COMMON 398433102 8033 1028200SH SOLE 0 1028200 0
GTECH HLDGS CORP COMMON 400518106 5790 263200SH SOLE 0 263200 0
HARRAHS ENTMT INC COMMON 413619107 130 4900SH SOLE 0 4900 0
HARSCO CORP COMMON 415864107 117 3700SH SOLE 0 3700 0
HELLER FINANCIAL INC CL A 423328103 169 8400SH SOLE 0 8400 0
HOME DEPOT INC COMMON 437076102 134 1950SH SOLE 0 1950 0
HORMEL FOODS CORP COMMON 440452100 4879 120100SH SOLE 0 120100 0
HUSSMANN INTL INC COMMON 448110106 7742 514000SH SOLE 0 514000 0
IBP INC COMMON 449223106 207 11500SH SOLE 0 11500 0
IMC GLOBAL INC COMMON 449669100 46684 2850925SH SOLE 0 2850925 0
IDACORP INC COMMON 451107106 14701 548300SH SOLE 0 548300 0
INET TECHNOLOGIES INC COMMON 45662V105 300 4300SH SOLE 0 4300 0
INGERSOLL-RAND CO COMMON 456866102 65963 1197975SH SOLE 0 1197975 0
INTEL CORP COMMON 458140100 280 3400SH SOLE 0 3400 0
INTERNATIONAL HOME FOODS COMMON 459655106 219 12600SH SOLE 0 12600 0
INTERSTATE BAKERIES CORP COMMON 46072H108 21835 1204700SH SOLE 0 1204700 0
JACOBS ENGR GROUP INC DE COMMON 469814107 6845 210600SH SOLE 0 210600 0
JOHNSON CTLS INC COMMON 478366107 114 2000SH SOLE 0 2000 0
KLM ROYAL DUTCH AIRLS DEPOSITORY RECEI 482516309 95 3799SH SOLE 0 3799 0
KIMBERLY CLARK CORP COMMON 494368103 28743 439250SH SOLE 0 439250 0
KONINKLIJKE PHILIPS ELEC DEPOSITORY RECEI 500472204 38604 285957SH SOLE 0 285957 0
LNR PPTY CORP COMMON 501940100 4844 243700SH SOLE 0 243700 0
LAFARGE CORP COMMON 505862102 6464 234000SH SOLE 0 234000 0
LANDSTAR SYS INC COMMON 515098101 26895 628200SH SOLE 0 628200 0
LATTICE SEMICONDUCTOR CO COMMON 518415104 278 5900SH SOLE 0 5900 0
LEAR CORP COMMON 521865105 6966 217700SH SOLE 0 217700 0
LEE ENTERPRISES INC COMMON 523768109 10127 317100SH SOLE 0 317100 0
LENNAR CORP COMMON 526057104 23051 1418500SH SOLE 0 1418500 0
LEXMARK INTL GROUP INC CL A 529771107 362 4000SH SOLE 0 4000 0
LIBBEY INC COMMON 529898108 8165 284000SH SOLE 0 284000 0
LIBERTY PPTY TR SH BEN INT 531172104 9061 366100SH SOLE 0 366100 0
LIMITED INC COMMON 532716107 134 3100SH SOLE 0 3100 0
LINCARE HLDGS INC COMMON 532791100 219 6300SH SOLE 0 6300 0
LINCOLN NATL CORP IND COMMON 534187109 45934 1148350SH SOLE 0 1148350 0
LUBRIZOL CORP COMMON 549271104 40 1300SH SOLE 0 1300 0
LUCENT TECHNOLOGIES INC COMMON 549463107 278 3700SH SOLE 0 3700 0
MDU RES GROUP INC COMMON 552690109 174 8700SH SOLE 0 8700 0
MGM GRAND INC COMMON 552953101 126 2500SH SOLE 0 2500 0
MACERICH CO COMMON 554382101 7003 336500SH SOLE 0 336500 0
MALLINCKRODT INC NEW COMMON 561232109 226 7100SH SOLE 0 7100 0
MANPOWER INC COMMON 56418H100 25027 665175SH SOLE 0 665175 0
MARTIN MARIETTA MATLS IN COMMON 573284106 37 900SH SOLE 0 900 0
MCCLATCHY CO CL A 579489105 138 3200SH SOLE 0 3200 0
MCCORMICK & CO INC COM NON VTG 579780206 205 6900SH SOLE 0 6900 0
MERITOR AUTOMOTIVE INC COMMON 59000G100 114 5900SH SOLE 0 5900 0
METTLER TOLEDO INTERNATI COMMON 592688105 12533 328200SH SOLE 0 328200 0
MICROSOFT CORP COMMON 594918104 315 2700SH SOLE 0 2700 0
MICROCHIP TECHNOLOGY INC COMMON 595017104 294 4300SH SOLE 0 4300 0
MIDCOAST ENERGY RES INC COMMON 59563W104 8102 483718SH SOLE 0 483718 0
MILLENNIUM CHEMICALS INC COMMON 599903101 41 2100SH SOLE 0 2100 0
MOHAWK INDS INC COMMON 608190104 31028 1176400SH SOLE 0 1176400 0
NCR CORP NEW COMMON 6.289E+11 6568 173400SH SOLE 0 173400 0
NATIONAL DATA CORP COMMON 635621105 6136 180800SH SOLE 0 180800 0
NATIONAL FUEL GAS CO N J COMMON 636180101 149 3200SH SOLE 0 3200 0
NATIONAL-OILWELL INC COMMON 637071101 33028 2105400SH SOLE 0 2105400 0
NATIONAL SVC INDS INC COMMON 637657107 106 3600SH SOLE 0 3600 0
NAVISTAR INTL CORP NEW COMMON 62886E108 103 2200SH SOLE 0 2200 0
NEW CENTURY ENERGIES INC COMMON 64352U103 85 2800SH SOLE 0 2800 0
NIKE INC CL B 654106103 30793 621300SH SOLE 0 621300 0
NORTH FORK BANCORPORATIO COMMON 659424105 23256 1338450SH SOLE 0 1338450 0
NORTHROP GRUMMAN CORP COMMON 666807102 5950 110050SH SOLE 0 110050 0
NORTHWEST NAT GAS CO COMMON 667655104 14230 648650SH SOLE 0 648650 0
OGE ENERGY CORP COMMON 670837103 158 8300SH SOLE 0 8300 0
OFFSHORE LOGISTICS INC COMMON 676255102 1855 197900SH SOLE 0 197900 0
OHIO CAS CORP COMMON 677240103 4453 277200SH SOLE 0 277200 0
ORACLE CORP COMMON 68389X105 347 3100SH SOLE 0 3100 0
OXFORD INDS INC COMMON 691497309 14804 747200SH SOLE 0 747200 0
PMI GROUP INC COMMON 69344M101 181 3700SH SOLE 0 3700 0
P P & L RES INC COMMON 693499105 172 7500SH SOLE 0 7500 0
PACIFIC CENTY FINL CORP COMMON 694058108 170 9100SH SOLE 0 9100 0
PACIFICARE HEALTH SYS DE COMMON 695112102 212 4000SH SOLE 0 4000 0
PARK PL ENTMT CORP COMMON 700690100 143 11400SH SOLE 0 11400 0
PHILIP MORRIS COS INC COMMON 718154107 108 4700SH SOLE 0 4700 0
PINNACLE WEST CAP CORP COMMON 723484101 7340 240150SH SOLE 0 240150 0
PITTSTON CO BRINKS COM BRINKS GRP 725701106 32588 1481275SH SOLE 0 1481275 0
POTLATCH CORP COMMON 737628107 40 900SH SOLE 0 900 0
POTOMAC ELEC PWR CO COMMON 737679100 167 7300SH SOLE 0 7300 0
PRAXAIR INC COMMON 74005P104 40 800SH SOLE 0 800 0
PROVIDENT FINL GROUP INC COMMON 743866105 176 4900SH SOLE 0 4900 0
PUBLIC SVC ENTERPRISE GR COMMON 744573106 171 4900SH SOLE 0 4900 0
PULTE CORP COMMON 745867101 128 5700SH SOLE 0 5700 0
QUANTUM CORP COM DSSG 747906204 30 2005SH SOLE 0 2005 0
QUANTUM CORP COM HDDG 747906303 7 1025SH SOLE 0 1025 0
QUORUM HEALTH GROUP INC COMMON 749084109 20 2100SH SOLE 0 2100 0
R G S ENERGY GROUP INC COMMON 74956K104 6654 323600SH SOLE 0 323600 0
RPM INC OHIO COMMON 749685103 38 3700SH SOLE 0 3700 0
RADIAN GROUP INC COMMON 750236101 177 3700SH SOLE 0 3700 0
RAYONIER INC COMMON 754907103 39 800SH SOLE 0 800 0
RAYTHEON CO CL A 755111309 79 3200SH SOLE 0 3200 0
REYNOLDS & REYNOLDS CO CL A 761695105 17539 779500SH SOLE 0 779500 0
RICHFOOD HLDGS INC COMMON 763408101 9 500SH SOLE 0 500 0
ROBBINS & MYERS INC COMMON 770196103 27698 1224200SH SOLE 0 1224200 0
ROHM & HAAS CO COMMON 775371107 32350 795075SH SOLE 0 795075 0
RUSS BERRIE & CO COMMON 782233100 12051 459100SH SOLE 0 459100 0
SCI SYS INC COMMON 783890106 288 3500SH SOLE 0 3500 0
SL GREEN RLTY CORP COMMON 78440X101 8933 410700SH SOLE 0 410700 0
SAGA SYS INC COMMON 786610105 7307 366500SH SOLE 0 366500 0
ST PAUL COS INC COMMON 792860108 9503 282100SH SOLE 0 282100 0
SANMINA CORP COMMON 800907107 280 2800SH SOLE 0 2800 0
SARA LEE CORP COMMON 803111103 203 9200SH SOLE 0 9200 0
SAWTEK INC COMMON 805468105 339 5100SH SOLE 0 5100 0
SCHWEITZER-MAUDUIT INTL COMMON 808541106 7012 521800SH SOLE 0 521800 0
SCOTTS CO CL A 810186106 9507 236200SH SOLE 0 236200 0
SHAW INDS INC COMMON 820286102 132 8500SH SOLE 0 8500 0
SHERWIN WILLIAMS CO COMMON 824348106 40 1900SH SOLE 0 1900 0
SIGMA ALDRICH CORP COMMON 826552101 39 1300SH SOLE 0 1300 0
SIGCORP INC COMMON 826912107 6420 282200SH SOLE 0 282200 0
SIMON PPTY GROUP INC NEW COMMON 828806109 6678 291150SH SOLE 0 291150 0
SONOCO PRODS CO COMMON 835495102 8854 389200SH SOLE 0 389200 0
SOUTHERN CO COMMON 842587107 242 10300SH SOLE 0 10300 0
SOUTHTRUST CORP COMMON 844730101 182 4800SH SOLE 0 4800 0
SOVEREIGN BANCORP INC COMMON 845905108 13461 1806116SH SOLE 0 1806116 0
SPIEGEL INC CL A 848457107 131 18600SH SOLE 0 18600 0
STANDEX INTL CORP COMMON 854231107 14488 691950SH SOLE 0 691950 0
STARWOOD FINL INC COMMON 85569R104 22460 1330955SH SOLE 0 1330955 0
STERLING SOFTWARE INC COMMON 859547101 23323 740400SH SOLE 0 740400 0
SUN MICROSYSTEMS INC COMMON 866810104 294 3800SH SOLE 0 3800 0
SUPERVALU INC COMMON 868536103 234 11700SH SOLE 0 11700 0
TRW INC COMMON 872649108 109 2100SH SOLE 0 2100 0
TANDY CORP COMMON 875382103 138 2800SH SOLE 0 2800 0
TANGER FACTORY OUTLET CT COMMON 875465106 7346 354000SH SOLE 0 354000 0
TECUMSEH PRODS CO CL A 878895200 104 2200SH SOLE 0 2200 0
TEKTRONIX INC COMMON 879131100 10174 261700SH SOLE 0 261700 0
TELEFONICA DEL PERU S A DEPOSITORY RECEI 879384105 23 1700SH SOLE 0 1700 0
TERADYNE INC COMMON 880770102 304 4600SH SOLE 0 4600 0
TEXAS INDS INC COMMON 882491103 20745 487400SH SOLE 0 487400 0
TIFFANY & CO NEW COMMON 886547108 134 1500SH SOLE 0 1500 0
TIMES MIRROR CO NEW COM SER A 887364107 127 1900SH SOLE 0 1900 0
TRIGON HEALTHCARE INC COMMON 89618L100 227 7700SH SOLE 0 7700 0
TRINITY INDS INC COMMON 896522109 105 3700SH SOLE 0 3700 0
USX MARATHON GROUP COM NEW 902905827 444 18000SH SOLE 0 18000 0
UST INC COMMON 902911106 243 9650SH SOLE 0 9650 0
ULTRAMAR DIAMOND SHAMROC COMMON 904000106 7283 321000SH SOLE 0 321000 0
UNICOM CORP COMMON 904911104 178 5300SH SOLE 0 5300 0
UNION CARBIDE CORP COMMON 905581104 53 800SH SOLE 0 800 0
UNITED HEALTHCARE CORP COMMON 910581107 213 4000SH SOLE 0 4000 0
U S INDS INC NEW COMMON 912080108 97 6900SH SOLE 0 6900 0
UNIVERSAL FOODS CORP COMMON 913538104 36920 1812000SH SOLE 0 1812000 0
UNIVERSAL HLTH SVCS INC CL B 913903100 8741 242800SH SOLE 0 242800 0
UTILICORP UTD INC COMMON 918005109 163 8400SH SOLE 0 8400 0
VALASSIS COMMUNICATIONS COMMON 918866104 135 3200SH SOLE 0 3200 0
VARIAN INC COMMON 922206107 19101 848927SH SOLE 0 848927 0
VARIAN SEMICONDUCTOR EQU COMMON 922207105 44 1300SH SOLE 0 1300 0
VARIAN MED SYS INC COMMON 92220P105 13383 448903SH SOLE 0 448903 0
VISHAY INTERTECHNOLOGY I COMMON 928298108 326 10300SH SOLE 0 10300 0
VULCAN MATLS CO COMMON 929160109 36 900SH SOLE 0 900 0
WARNACO GROUP INC CL A 934390105 11287 916700SH SOLE 0 916700 0
WASHINGTON MUT INC COMMON 939322103 50214 1940650SH SOLE 0 1940650 0
WELLPOINT HEALTH NETWORK COMMON 94973H108 211 3200SH SOLE 0 3200 0
WENDYS INTL INC COMMON 950590109 7301 350800SH SOLE 0 350800 0
WERNER ENTERPRISES INC COMMON 950755108 7298 518950SH SOLE 0 518950 0
WHIRLPOOL CORP COMMON 963320106 49914 767175SH SOLE 0 767175 0
WILLIAMS COS INC DEL COMMON 969457100 50064 1638082SH SOLE 0 1638082 0
WORLD COLOR PRESS INC DE COMMON 981443104 11 300SH SOLE 0 300 0
XILINX INC COMMON 983919101 318 7000SH SOLE 0 7000 0
XEROX CORP COMMON 984121103 86 3800SH SOLE 0 3800 0
PARTNERRE LTD COMMON G6852T105 15055 464125SH SOLE 0 464125 0
RENAISSANCE RE HLDGS LTD COMMON G7496G103 9413 230287SH SOLE 0 230287 0
TRANSOCEAN SEDCO FOREX COM G90078109 27 800SH SOLE 0 800 0
ASM LITHOGRAPHY HLDG N V DEPOSITORY RECEI N07059111 284 2500SH SOLE 0 2500 0
COLUMN TOTALS 2337556 81398036 81398036 0
</TABLE>
