<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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: KAYNE ANDERSON INVESTMENT MANAGEMENT, LLC
Address: 1800 AVENUE OF THE STARS
SECOND FLOOR
LOS ANGELES, CA 90067
Form 13F File Number: 28-05792
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: Richard A. Kayne
Title: Administrative Manager
Phone: (310) 556-2721
Signature, Place, and Date of Signing:
Richard A. Kayne Los Angeles, California 13 November 2000
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE> 2
KAYNE ANDERSON INVESTMENT MANAGEMENT, LLC
Form 13F SUMMARY PAGE
<TABLE>
<S> <C>
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 174
Form 13F Information Table Value Total: $ 5,059,254
(thousands)
</TABLE>
List of Other Included Managers:
NONE
<PAGE> 3
KAYNE ANDERSON INVESTMENT MANAGEMENT, LLC
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5
-------------------------------------------------------------------------------------------------------------
TITLE VALUE SHARES or PUT/
NAME OF ISSUER OF CLASS CUSIP (X 1000) PRN AMT SH/PRN CALL
-------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
ABM INDUSTRIES INC COM 000957100 $ 42,738 1,571,972 SH
AT&T CORP COM 001957109 $ 77,091 2,624,374 SH
AT & T CORP LIBERTY MEDIA GROU COM LIB GRP A 001957208 $ 256 14,172 SH
ABBOTT LABS COM 002824100 $ 2,464 51,813 SH
AEGON N V ORD AMER REG 007924103 $ 273 7,366 SH
ALCOA INC COM 013817101 $ 233 9,200 SH
ALCATEL ADR SPONSORED ADR 013904305 $ 22,737 361,630 SH
AMERICA ONLINE INC DEL COM 02364J104 $ 619 11,524 SH
AMERICAN HOME PRODS CORP COM 026609107 $ 1,141 20,209 SH
AMERICAN INTL GROUP INC COM 026874107 $ 192,337 2,010,056 SH
ANHEUSER BUSCH COMPANIES INC COM 035229103 $ 264 6,230 SH
APPLIED MATERIALS INC COM 038222105 $ 421 7,095 SH
ASTRAZENECA PLC SPONSORED ADR 046353108 $ 18,135 345,023 SH
ATLANTIC PREM BRANDS LTD COM 04878P105 $ 18 11,803 SH
AUTOMATIC DATA PROCESSING COM 053015103 $ 187,809 2,808,356 SH
AVENTIS SPONSORED ADR 053561106 $ 230 3,050 SH
AXA SPONSORED ADR 054536107 $ 22,904 354,079 SH
BOC GROUP PLC SPONSORED ADR 055617609 $ 951 36,390 SH
BP AMOCO PLC SPONSORED ADR 055622104 $ 1,568 29,579 SH
BANK OF AMERICA CORP COM 060505104 $ 495 9,452 SH
BEAR STEARNS COS INC COM 073902108 $ 609 9,641 SH
BELLSOUTH CORP COM 079860102 $ 268 6,613 SH
BEMIS INC COM 081437105 $ 40,850 1,271,580 SH
BERKSHIRE HATHAWAY INC DEL CL A 084670108 $ 708 11 SH
BERKSHIRE HATHAWAY INC DEL CL B 084670207 $ 400 193 SH
BESTFOODS COM 08658U101 $ 1,252 17,205 SH
BLANCH E W HLDGS INC COM 093210102 $ 19,395 934,705 SH
BOEING CO COM 097023105 $ 280 4,460 SH
BRISTOL MYERS SQUIBB CO COM 110122108 $ 1,497 26,030 SH
BROKEN HILL PROPRIETARY LTD SPONSORED ADR 112169602 $ 21,836 1,065,173 SH
C H ROBINSON WORLDWIDE INC COM 12541W100 $ 53,078 941,774 SH
CSG SYSTEMS INTL INC COM 126349109 $ 35,717 1,231,634 SH
CVB FINL CORP COM 126600105 $ 533 31,702 SH
CABLE & WIRELESS PUB LTD CO SPONSORED ADR 126830207 $ 21,104 495,846 SH
CADBURY SCHWEPPES PLC ADR 127209302 $ 244 10,145 SH
CANNONDALE CORP COM 137798104 $ 83 15,500 SH
CANON INC ADR 138006309 $ 25,299 571,736 SH
CATALINA MARKETING CORP COM 148867104 $ 47,108 1,252,049 SH
CHEVRON CORP COM 166751107 $ 303 3,556 SH
CHUBB CORP COM 171232101 $ 456 5,762 SH
CINCINNATI FINL CORP COM 172062101 $ 906 25,525 SH
CISCO SYSTEMS INC COM 17275R102 $ 109,429 1,980,615 SH
CINTAS CORP COM 172908105 $ 19,414 445,664 SH
CITIGROUP INC COM 172967101 $ 1,884 34,840 SH
CITY NATL CORP COM 178566105 $ 679 17,575 SH
CLAIRES STORES INC COM 179584107 $ 54,194 3,010,756 SH
COCA COLA CO COM 191216100 $ 127,871 2,319,656 SH
COLGATE PALMOLIVE CO COM 194162103 $ 1,712 36,261 SH
DPL INC COM 233293109 $ 525 17,638 SH
DALLAS SEMICONDUCTOR CORP COM 235204104 $ 51,194 1,557,230 SH
DEVON ENERGY CORP COM 25179M103 $ 51,826 861,613 SH
DIAGEO PLC SPON ADR NEW 25243Q205 $ 17,983 509,264 SH
DISNEY WALT CO COM DISNEY 254687106 $ 4,431 115,836 SH
DOVER CORP COM 260003108 $ 291 6,200 SH
DUKE ENERGY CORP COM 264399106 $ 870 10,145 SH
E M C CORP MASS COM 268648102 $ 248 2,490 SH
EATON VANCE CORP COM NON VTG 278265103 $ 42,032 824,166 SH
ELECTRONIC DATA SYS NEW COM 285661104 $ 1,134 27,330 SH
EMERSON ELEC CO COM 291011104 $ 86,229 1,286,995 SH
ENDESA S A SPONSORED ADR 29258N107 $ 14,036 748,568 SH
ENRON CORP COM 293561106 $ 558 6,370 SH
EQUITY RESIDENTIAL PPTYS TR PFD CV 1/10 G 29476L859 $ 419 18,500 SH
EQUIFAX INC COM 294429105 $ 494 18,350 SH
ERICSSON L M TEL CO ADR CL B SEK10 294821400 $ 7,063 476,799 SH
</TABLE>
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
---------------------------------------------------------------------------------------------
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ABM INDUSTRIES INC DEFINED 1,021,752 4,120 546,100
AT&T CORP DEFINED 1,086,045 1,367 1,536,962
AT & T CORP LIBERTY MEDIA GROU SOLE 14,172 - -
ABBOTT LABS SOLE 11,484 - 40,329
AEGON N V SOLE 7,366 - -
ALCOA INC SOLE 9,200 - -
ALCATEL ADR DEFINED 180,608 13,415 167,607
AMERICA ONLINE INC DEL SOLE 3,000 - 8,524
AMERICAN HOME PRODS CORP SOLE - - 20,209
AMERICAN INTL GROUP INC DEFINED 835,892 980 1,173,184
ANHEUSER BUSCH COMPANIES INC SOLE 4,800 - 1,430
APPLIED MATERIALS INC SOLE 1,600 - 5,495
ASTRAZENECA PLC DEFINED 192,249 14,605 138,169
ATLANTIC PREM BRANDS LTD SOLE - - 11,803
AUTOMATIC DATA PROCESSING DEFINED 1,166,024 1,378 1,640,954
AVENTIS SOLE 3,050 - -
AXA DEFINED 181,254 13,705 159,120
BOC GROUP PLC SOLE 5,930 - 30,460
BP AMOCO PLC SOLE 13,473 - 16,106
BANK OF AMERICA CORP SOLE 226 - 9,226
BEAR STEARNS COS INC SOLE - - 9,641
BELLSOUTH CORP SOLE - - 6,613
BEMIS INC DEFINED 838,212 3,430 429,938
BERKSHIRE HATHAWAY INC DEL SOLE 9 - 2
BERKSHIRE HATHAWAY INC DEL SOLE 156 - 37
BESTFOODS SOLE 4,695 - 12,510
BLANCH E W HLDGS INC DEFINED 591,870 2,730 340,105
BOEING CO SOLE 3,800 - 660
BRISTOL MYERS SQUIBB CO SOLE 8,025 - 18,005
BROKEN HILL PROPRIETARY LTD DEFINED 562,265 44,845 458,063
C H ROBINSON WORLDWIDE INC DEFINED 617,789 2,695 321,290
CSG SYSTEMS INTL INC DEFINED 802,019 3,425 426,190
CVB FINL CORP SOLE 31,702 - -
CABLE & WIRELESS PUB LTD CO DEFINED 250,330 19,970 225,546
CADBURY SCHWEPPES PLC SOLE 7,000 - 3,145
CANNONDALE CORP SOLE - - 15,500
CANON INC DEFINED 306,571 22,140 243,025
CATALINA MARKETING CORP DEFINED 814,859 3,450 433,740
CHEVRON CORP SOLE - - 3,556
CHUBB CORP SOLE - - 5,762
CINCINNATI FINL CORP SOLE 16,269 - 9,256
CISCO SYSTEMS INC DEFINED 785,630 1,070 1,193,915
CINTAS CORP DEFINED 390,739 190 54,735
CITIGROUP INC SOLE 11,992 - 22,848
CITY NATL CORP SOLE 13,100 - 4,475
CLAIRES STORES INC DEFINED 1,999,406 7,775 1,003,575
COCA COLA CO DEFINED 931,784 1,146 1,386,726
COLGATE PALMOLIVE CO SOLE 3,100 - 33,161
DPL INC SOLE 10,610 - 7,028
DALLAS SEMICONDUCTOR CORP DEFINED 1,027,485 3,920 525,825
DEVON ENERGY CORP DEFINED 569,335 2,325 289,953
DIAGEO PLC DEFINED 267,046 20,815 221,403
DISNEY WALT CO SOLE 39,640 - 76,196
DOVER CORP SOLE 5,000 - 1,200
DUKE ENERGY CORP SOLE 4,670 - 5,475
E M C CORP MASS SOLE 2,000 - 490
EATON VANCE CORP DEFINED 531,333 2,235 290,598
ELECTRONIC DATA SYS NEW SOLE 10,660 - 16,670
EMERSON ELEC CO DEFINED 527,448 706 758,841
ENDESA S A DEFINED 400,809 30,190 317,569
ENRON CORP SOLE - - 6,370
EQUITY RESIDENTIAL PPTYS TR SOLE 1,000 - 17,500
EQUIFAX INC SOLE - - 18,350
ERICSSON L M TEL CO SOLE 158,985 - 317,814
</TABLE>
Page 1 of 3
<PAGE> 4
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5
-------------------------------------------------------------------------------------------------------------
TITLE VALUE SHARES or PUT/
NAME OF ISSUER OF CLASS CUSIP (X 1000) PRN AMT SH/PRN CALL
-------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
EXXON MOBIL CORP COM 30231G102 $ 144,228 1,618,620 SH
FACTSET RESH SYS INC COM 303075105 $ 44,747 1,190,067 SH
FAIR ISAAC & CO INC COM 303250104 $ 33,308 780,284 SH
FEDERAL NAT MORTGAGE ASSN COM 313586109 $ 151,973 2,125,503 SH
FEDERAL SIGNAL CORP COM 313855108 $ 38,439 1,934,037 SH
FEDEX CORP COM 31428X106 $ 293 6,600 SH
FIFTH THIRD BANCORP COM 316773100 $ 4,639 86,110 SH
FORD MTR CO DEL COM PAR $0.01 345370860 $ 215 8,446 SH
FRANKLIN RES INC COM 354613101 $ 257 5,790 SH
GANNETT INC COM 364730101 $ 1,136 21,429 SH
G A P INC DEL COM 364760108 $ 76,595 3,805,982 SH
GENERAL ELEC CO COM 369604103 $ 184,598 3,193,042 SH
GLACIER WTR SVCS INC COM 376395109 $ 412 35,450 SH
GLIMCHER RLTY TR SH BEN INT 379302201 $ 298 15,800 SH
GROUPE DANONE SPONSORED ADR 399449107 $ 26,671 955,943 SH
HSBC HLDGS PLC SPON ADR NEW 404280406 $ 28,566 400,085 SH
HEICO CORP NEW CL A 422806208 $ 20,489 1,614,929 SH
HENRY JACK & ASSOC INC COM 426281101 $ 57,077 1,315,885 SH
HERSHEY FOODS CORP COM 427866108 $ 1,211 22,370 SH
HEWLETT PACKARD CO COM 428236103 $ 123,000 2,523,081 SH
HOME DEPOT INC COM 437076102 $ 73,590 1,390,125 SH
HONEYWELL INTL INC COM 438516106 $ 218 6,128 SH
HOOPER HOLMES INC COM 439104100 $ 56,730 5,965,292 SH
IMS HEALTH INC COM 449934108 $ 25,469 1,227,445 SH
ILLINOIS TOOL WORKS INC COM 452308109 $ 59,894 1,071,927 SH
ING GROEP N V SPONSORED ADR 456837103 $ 26,681 405,027 SH
INTEL CORP COM 458140100 $ 132,972 3,199,326 SH
IBM CORP COM 459200101 $ 155,525 1,380,912 SH
INTERPUBLIC GROUP COS INC COM 460690100 $ 217 6,374 SH
IPALCO ENTERPRISES INC COM 462613100 $ 385 16,800 SH
JOHNSON & JOHNSON COM 478160104 $ 159,136 1,694,065 SH
KIMBERLY CLARK CORP COM 494368103 $ 811 14,536 SH
KING PHARMACEUTICALS INC COM 495582108 $ 43,435 1,277,491 SH
KONINKLIJKE AHOLD N V SP ADR NEW2000 500467303 $ 24,725 877,169 SH
LA-Z-BOY INC COM 505336107 $ 43,536 2,989,572 SH
LANDAUER INC COM 51476K103 $ 15,684 832,053 SH
LINEAR TECHNOLOGY CORP COM 535678106 $ 4,912 75,863 SH
LIQUI BOX CORP COM 536314107 $ 9,292 287,024 SH
LUCENT TECHNOLOGIES INC COM 549463107 $ 59,581 1,953,486 SH
MARSH & MCLENNAN COS INC COM 571748102 $ 94,030 708,326 SH
MATSUSHITA ELEC INDL ADR 576879209 $ 22,155 84,361 SH
MAY DEPT STORES CO COM 577778103 $ 336 16,375 SH
MCDONALDS CORP COM 580135101 $ 99,862 3,308,070 SH
MEDTRONIC INC COM 585055106 $ 83,828 1,617,920 SH
MERCK & CO INC COM 589331107 $ 139,934 1,879,885 SH
MERIDIAN RESOURCE CORP COM 58977Q109 $ 331 48,150 SH
MERRILL LYNCH & CO INC COM 590188108 $ 398 6,030 SH
MICROSOFT CORP COM 594918104 $ 85,058 1,410,284 SH
MINNESOTA MNG & MFG CO COM 604059105 $ 568 6,230 SH
MORGAN J.P. & CO INC COM 616880100 $ 531 3,251 SH
MORGAN STANLEY FIN PLC UNIT EX 083015 616906608 $ 943 37,723 SH
MORGAN STANLEY DEAN WITTER & CO COM NEW 617446448 $ 3,350 36,632 SH
MOTOROLA INC COM 620076109 $ 533 18,055 SH
NATIONAL COMMERCE BANCORP COM 635449101 $ 53,001 2,658,367 SH
NEWS CORP LTD SP ADR NEW 652487802 $ 403 8,600 SH
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 $ 11,852 241,875 SH
NOKIA CORP SPONSORED ADR 654902204 $ 26,514 662,860 SH
NORDSON CORP COM 655663102 $ 39,529 1,390,016 SH
NOVARTIS A G SPONSORED ADR 66987V109 $ 26,085 674,245 SH
ORACLE CORP COM 68389X105 $ 62,002 1,574,660 SH
PNC FINL SVCS GROUP INC COM 693475105 $ 593 9,120 SH
PPG INDS INC COM 693506107 $ 65,697 1,655,368 SH
PACIFIC CAP BANCORP NEW COM 69404P101 $ 308 11,500 SH
PEARSON PLC SPONSORED ADR 705015105 $ 23,827 845,306 SH
PEPSICO INC COM 713448108 $ 796 17,303 SH
PFIZER INC COM 717081103 $ 167,795 3,735,417 SH
PHARMACIA CORP COM 71713U102 $ 367 6,092 SH
PLAINS ALL AMERN PIPELINE LP UNIT LTD PARTN 726503105 $ 298 15,400 SH
PLAINS RES INC COM PAR $0.10 726540503 $ 229 12,150 SH
</TABLE>
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
-----------------------------------------------------------------------------------------------
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
EXXON MOBIL CORP DEFINED 684,766 793 933,061
FACTSET RESH SYS INC DEFINED 781,397 3,130 405,540
FAIR ISAAC & CO INC DEFINED 506,429 2,010 271,845
FEDERAL NAT MORTGAGE ASSN DEFINED 883,263 1,061 1,241,179
FEDERAL SIGNAL CORP DEFINED 1,287,946 4,920 641,171
FEDEX CORP SOLE 5,400 - 1,200
FIFTH THIRD BANCORP SOLE 38,503 - 47,607
FORD MTR CO DEL SOLE 7,302 - 1,144
FRANKLIN RES INC SOLE 4,590 - 1,200
GANNETT INC SOLE 11,285 - 10,144
G A P INC DEL DEFINED 1,567,737 1,895 2,236,350
GENERAL ELEC CO DEFINED 1,257,309 1,490 1,934,243
GLACIER WTR SVCS INC DEFINED 22,000 2,950 10,500
GLIMCHER RLTY TR SOLE - - 15,800
GROUPE DANONE DEFINED 483,952 39,675 432,316
HSBC HLDGS PLC DEFINED 206,676 15,440 177,969
HEICO CORP NEW DEFINED 1,051,045 3,353 560,531
HENRY JACK & ASSOC INC DEFINED 865,679 3,380 446,826
HERSHEY FOODS CORP SOLE 12,140 - 10,230
HEWLETT PACKARD CO DEFINED 976,001 1,302 1,545,778
HOME DEPOT INC DEFINED 536,904 645 852,576
HONEYWELL INTL INC SOLE - - 6,128
HOOPER HOLMES INC DEFINED 4,039,862 16,525 1,908,905
IMS HEALTH INC DEFINED 852,725 2,175 372,545
ILLINOIS TOOL WORKS INC DEFINED 462,813 560 608,554
ING GROEP N V DEFINED 217,021 16,430 171,576
INTEL CORP DEFINED 1,305,243 1,638 1,892,445
IBM CORP DEFINED 571,819 701 808,392
INTERPUBLIC GROUP COS INC SOLE 6,374 - -
IPALCO ENTERPRISES INC SOLE - - 16,800
JOHNSON & JOHNSON DEFINED 684,374 800 1,008,891
KIMBERLY CLARK CORP SOLE 4,730 - 9,806
KING PHARMACEUTICALS INC DEFINED 753,992 3,089 520,410
KONINKLIJKE AHOLD N V DEFINED 487,719 37,974 351,476
LA-Z-BOY INC DEFINED 1,929,216 8,225 1,052,131
LANDAUER INC DEFINED 474,383 2,035 355,635
LINEAR TECHNOLOGY CORP SOLE 4,145 - 71,718
LIQUI BOX CORP DEFINED 177,081 500 109,443
LUCENT TECHNOLOGIES INC DEFINED 751,448 1,040 1,200,998
MARSH & MCLENNAN COS INC DEFINED 284,129 385 423,812
MATSUSHITA ELEC INDL DEFINED 47,363 3,520 33,478
MAY DEPT STORES CO SOLE 8,495 - 7,880
MCDONALDS CORP DEFINED 1,303,696 1,705 2,002,669
MEDTRONIC INC DEFINED 653,511 825 963,584
MERCK & CO INC DEFINED 735,496 950 1,143,439
MERIDIAN RESOURCE CORP DEFINED 1,500 16,850 29,800
MERRILL LYNCH & CO INC SOLE 5,400 - 630
MICROSOFT CORP DEFINED 551,511 695 858,078
MINNESOTA MNG & MFG CO SOLE 1,200 - 5,030
MORGAN J.P. & CO INC SOLE 1,400 - 1,851
MORGAN STANLEY FIN PLC SOLE 200 - 37,523
MORGAN STANLEY DEAN WITTER & CO SOLE 7,985 - 28,647
MOTOROLA INC SOLE 240 - 17,815
NATIONAL COMMERCE BANCORP DEFINED 1,671,622 6,800 979,945
NEWS CORP LTD SOLE - - 8,600
NIPPON TELEG & TEL CORP DEFINED 132,785 10,185 98,905
NOKIA CORP DEFINED 333,796 23,310 305,754
NORDSON CORP DEFINED 917,013 3,805 469,198
NOVARTIS A G DEFINED 353,184 27,255 293,806
ORACLE CORP DEFINED 652,622 850 921,188
PNC FINL SVCS GROUP INC SOLE 8,200 - 920
PPG INDS INC DEFINED 735,396 884 919,088
PACIFIC CAP BANCORP NEW SOLE 11,500 - -
PEARSON PLC DEFINED 430,232 31,877 383,197
PEPSICO INC SOLE 1,298 - 16,005
PFIZER INC DEFINED 1,557,204 1,930 2,176,283
PHARMACIA CORP SOLE 5,700 - 392
PLAINS ALL AMERN PIPELINE LP DEFINED - 4,900 10,500
PLAINS RES INC DEFINED 3,500 4,150 4,500
</TABLE>
Page 2 of 3
<PAGE> 5
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5
------------------------------------------------------------------------------------------------------------
TITLE VALUE SHARES or PUT/
NAME OF ISSUER OF CLASS CUSIP (X 1000) PRN AMT SH/PRN CALL
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
PRICE COMMUNICATIONS CORP COM NEW 741437305 $ 32,276 1,649,915 SH
PROCTER & GAMBLE CO COM 742718109 $ 130,253 1,944,073 SH
QWEST COMMUNICATIONS INTL INC COM 749121109 $ 1,533 31,854 SH
RPM INC OHIO COM 749685103 $ 136 14,870 SH
REPSOL YPF S A SPONSORED ADR 76026T205 $ 21,775 1,189,085 SH
REUTERS GROUP PLC SPONSORED ADR 76132M102 $ 24,450 217,571 SH
REYNOLDS & REYNOLDS CO CL A 761695105 $ 51,386 2,593,624 SH
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 $ 1,664 27,770 SH
SBC COMMUNICATIONS INC COM 78387G103 $ 1,377 27,615 SH
SAP AKTIENGESSELLSCHAFT SPONSORED ADR 803054204 $ 29,971 487,335 SH
SARA LEE CORP COM 803111103 $ 1,208 59,481 SH
SCHEIB EARL INC COM 806398103 $ 52 16,120 SH
SCHERING PLOUGH CORP COM 806605101 $ 1,399 30,035 SH
SCHLUMBERGER LTD COM 806857108 $ 243 2,950 SH
SONY CORP ADR NEW 835699307 $ 23,339 231,220 SH
STATE STREET CORP COM 857477103 $ 6,012 46,210 SH
STRAYER ED INC COM 863236105 $ 31,706 1,449,429 SH
SUN MICROSYSTEMS INC COM 866810104 $ 691 5,920 SH
SYSCO CORP COM 871829107 $ 213 4,600 SH
TELEFLEX INC COM 879369106 $ 243 7,060 SH
TELEFONICA S A SPONSORED ADR 879382208 $ 14,304 240,649 SH
TELLABS INC COM 879664100 $ 206 4,305 SH
TEXAS INSTRUMENTS INC COM 882508104 $ 56,596 1,194,630 SH
TIMBERLINE SOFTWARE INC COM 887134104 $ 5,736 956,073 SH
TIME WARNER INC COM 887315109 $ 412 5,260 SH
TOOTSIE ROLL INDS INC COM 890516107 $ 53,096 1,352,753 SH
TYCO INTL LTD NEW COM 902124106 $ 1,274 24,562 SH
US RESTAURANT PPTYS INC PFD CV SER A 902971209 $ 215 15,900 SH
USEC INC COM 90333E112 $ 360 84,800 SH
UNION PAC CORP COM 907818108 $ 230 5,910 SH
UNOCAL CORP COM 915289102 $ 327 9,220 SH
VALSPAR CORP COM 920355104 $ 9,563 415,977 SH
VERIZON COMMUNICATIONS COM 92343V104 $ 947 19,549 SH
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W100 $ 23,943 647,102 SH
WAL MART STORES INC COM 931142103 $ 2,021 42,003 SH
WALGREEN CO COM 931422109 $ 833 21,961 SH
WASHINGTON FED INC COM 938824109 $ 42,648 1,874,656 SH
WELLS FARGO & CO NEW COM 949746101 $ 148,477 3,232,163 SH
WESTVACO CORP COM 961548104 $ 332 12,444 SH
WORLDCOM INC GA NEW COM 98157D106 $ 566 18,636 SH
WRIGLEY WM JR CO COM 982526105 $ 56,017 748,140 SH
----------
$5,059,254
</TABLE>
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------------------------------------------------------------------------
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
PRICE COMMUNICATIONS CORP DEFINED 852,995 5,595 791,325
PROCTER & GAMBLE CO DEFINED 775,783 1,040 1,167,250
QWEST COMMUNICATIONS INTL INC SOLE 448 - 31,406
RPM INC OHIO SOLE - - 14,870
REPSOL YPF S A DEFINED 624,777 48,430 515,878
REUTERS GROUP PLC DEFINED 114,039 8,685 94,847
REYNOLDS & REYNOLDS CO DEFINED 1,701,012 7,665 884,947
ROYAL DUTCH PETE CO SOLE 9,700 - 18,070
SBC COMMUNICATIONS INC SOLE 5,110 - 22,505
SAP AKTIENGESSELLSCHAFT DEFINED 247,343 18,945 221,047
SARA LEE CORP SOLE 22,460 - 37,021
SCHEIB EARL INC SOLE - - 16,120
SCHERING PLOUGH CORP SOLE 4,400 - 25,635
SCHLUMBERGER LTD SOLE - - 2,950
SONY CORP DEFINED 132,981 9,779 88,460
STATE STREET CORP SOLE 21,895 - 24,315
STRAYER ED INC DEFINED 951,057 4,320 494,052
SUN MICROSYSTEMS INC SOLE 1,300 - 4,620
SYSCO CORP SOLE 4,600 - -
TELEFLEX INC SOLE - - 7,060
TELEFONICA S A DEFINED 129,364 10,220 101,065
TELLABS INC SOLE - - 4,305
TEXAS INSTRUMENTS INC DEFINED 510,319 630 683,681
TIMBERLINE SOFTWARE INC DEFINED 531,326 3,330 421,417
TIME WARNER INC SOLE 5,000 - 260
TOOTSIE ROLL INDS INC DEFINED 871,072 4,046 477,635
TYCO INTL LTD NEW SOLE 1,400 - 23,162
US RESTAURANT PPTYS INC SOLE - - 15,900
USEC INC SOLE - - 84,800
UNION PAC CORP SOLE - - 5,910
UNOCAL CORP SOLE - - 9,220
VALSPAR CORP DEFINED 302,037 160 113,780
VERIZON COMMUNICATIONS SOLE 4,570 - 14,979
VODAFONE GROUP PLC NEW DEFINED 293,612 23,560 329,930
WAL MART STORES INC SOLE 30,930 - 11,073
WALGREEN CO SOLE 11,200 - 10,761
WASHINGTON FED INC DEFINED 1,257,830 4,690 612,136
WELLS FARGO & CO NEW DEFINED 1,308,800 1,541 1,921,822
WESTVACO CORP SOLE - - 12,444
WORLDCOM INC GA NEW SOLE 10,860 - 7,776
WRIGLEY WM JR CO DEFINED 311,007 374 436,759
</TABLE>
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