<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: June 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:
/s/ Richard A. Kayne Los Angeles, California 11 August 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
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 238
Form 13F Information Table Value Total: $3,224,145
(thousands)
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 COLUMN 6 COLUMN 7 COLUMN 8
-------------- -------- --------- -------- ---------------------- ---------- -------- ----------------------------
TITLE VALUE SHARES or PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X 1000) PRN AMT SH/PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- -------- ------ ---- ---------- -------- ------ ------ ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EVEREST RE
GROUP LTD COM G3223R108 431 13,100 SH SOLE 13,100 - -
PLAYMATES INTERACTIVE
ENTMT OR COM G7130P105 9 100,000 SH SOLE - - 100,000
UBS COM H8920G155 7,726 52,556 SH DEFINED 4,531 1,238 46,787
PANAMERICAN BEVERAGES COM P74823108 7,745 518,477 SH DEFINED 28,635 10,225 479,617
ABM INDUSTRIES INC COM 000957100 13,756 598,095 SH DEFINED 58,790 210 539,095
AT&T CORP COM 001957109 57,979 1,822,525 SH DEFINED 274,299 410 1,547,816
AT & T CORP LIBERTY
MEDIA GROUP COM 001957208 345 14,172 SH SOLE 14,172 - -
ABBOTT LABS COM 002824100 2,258 50,679 SH SOLE 8,320 - 42,359
ACNIELSEN CORP COM 004833109 475 21,600 SH SOLE 21,600 - -
AEGON NV ADR COM 007924103 242 6,796 SH DEFINED 6,456 340 -
AGILENT TECHNOLOGIES
INC COM 00846U101 23,953 324,785 SH DEFINED 56,950 54 267,780
ALCOA INC COM 013817101 267 9,200 SH SOLE 9,200 - -
ALCATEL ADR SPONSORED
ADR 013904305 14,146 212,727 SH DEFINED 16,570 7,947 188,210
ALLTEL CORP COM 020039103 213 3,446 SH SOLE 1,072 - 2,374
AMERICA ONLINE INC COM 02364J104 391 7,434 SH SOLE - - 7,434
ARIS CORP WASH COM 04040A101 79 28,800 SH SOLE 28,800 - -
AMERICAN HOME
PRODS CORP COM 026609107 1,246 21,209 SH SOLE - - 21,209
AMERICAN INTL
GROUP INC COM 026874107 117,238 1,496,651 SH DEFINED 236,829 315 1,259,507
ANHEUSER BUSCH
COMPANIES INC COM 035229103 233 3,115 SH SOLE 2,400 - 715
APPLIED MATLS INC COM 038222105 449 4,950 SH SOLE - - 4,950
ASTORIA FINL CORP COM 046265104 242 9,400 SH SOLE 9,400 - -
ASTRAZENECA ADR SPONSORED
ADR 046353108 7,277 156,484 SH DEFINED 13,536 3,589 139,359
ATLANTIC PREM
BRANDS LTD COM 04878P105 25 11,803 SH SOLE - - 11,803
AUTOMATIC DATA
PROCESSING COM 053015103 109,054 2,036,015 SH DEFINED 336,192 425 1,699,398
AVALONBAY CMNTYS INC COM 053484101 292 7,000 SH SOLE 7,000 - -
AVENTIS ADR SPONSORED COM 053561106 215 2,967 SH DEFINED 55 2,795 117
AXA ADR SPONSORED
ADR 054536107 13,354 167,843 SH DEFINED 11,935 5,080 150,828
BOC GROUP PLC ADR SPONSORED
ADR 055617609 1,316 45,490 SH SOLE 8,830 - 36,660
BP AMOCO PLC ADR SPONSORED
ADR 055622104 1,809 31,953 SH SOLE 15,589 - 16,364
BRE PPTYS INC CL A CL A 05564E106 286 9,900 SH SOLE 9,900 - -
BANK OF AMERICA COM 060505104 440 10,152 SH SOLE 226 - 9,926
BAY VIEW CAP CORP DEL COM 07262L101 393 40,100 SH SOLE 40,100 - -
BEAR STEARNS COS INC COM 073902108 401 9,641 SH SOLE - - 9,641
BELDEN INC COM 077459105 505 19,700 SH SOLE 19,700 - -
BELL & HOWELL CO NEW COM 077852101 572 23,600 SH SOLE 23,600 - -
BELL ATLANTIC CORP COM 077853109 329 6,459 SH SOLE - - 6,459
BELLSOUTH CORP COM 079860102 310 7,279 SH SOLE - - 7,279
BEMIS INC COM 081437105 14,944 444,423 SH DEFINED 57,645 170 386,608
BERKSHIRE HATHAWAY
INC CL A CL A 084670108 699 13 SH SOLE 9 - 4
BERKSHIRE HATHAWAY
INC DEL CL CL B 084670207 407 231 SH SOLE 156 - 75
BESTFOODS COM 08658U101 69,920 1,009,681 SH DEFINED 160,050 160 849,471
BIG DOG HLDGS INC COM 089128102 75 18,300 SH SOLE - - 18,300
BINDLEY WESTN INDS INC COM 090324104 637 24,100 SH SOLE 24,100 - -
</TABLE>
Page 1 of 5
<PAGE> 4
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BLANCH E W HLDGS INC COM 093210102 7,752 381,625 SH DEFINED 55,185 115 326,325
BRISTOL MYERS
SQUIBB CO COM 110122108 1,401 24,050 SH SOLE 6,740 - 17,310
BROKEN HILL
PROPRIETARY LTD ADR SPONSORED
ADR 112169602 10,979 462,277 SH DEFINED 27,900 10,730 423,647
C H ROBINSON WORLDWIDE
INC COM 12541W100 20,833 420,875 SH DEFINED 89,610 100 331,165
CLECO CORP NEW COM 12561W105 268 8,000 SH SOLE 8,000 - -
CSG SYSTEMS INTL INC COM 126349109 24,893 444,015 SH DEFINED 46,860 145 397,010
CVB FINL CORP COM 126600105 501 31,702 SH SOLE 31,702 - -
CABLE & WIRELESS
PUB LTD CO ADR SPONSORED
ADR 126830207 10,133 201,648 SH DEFINED 15,530 5,200 180,918
CADBURY SCHWEPPES
PLC ADR ADR 127209302 242 9,225 SH DEFINED 5,150 1,055 3,020
CL A COM 137219200 262 5,200 SH SOLE 5,200 - -
CANNONDALE CORP COM 137798104 101 15,500 SH SOLE - - 15,500
CANON ADR COM 138006309 13,105 260,148 SH DEFINED 21,065 9,000 230,083
CATALINA MARKETING
CORP COM 148867104 19,796 194,080 SH DEFINED 21,080 50 172,950
CERTRON CORP COM 157078106 15 54,230 SH SOLE - - 54,230
CHEVRON CORP COM 166751107 347 4,091 SH SOLE - - 4,091
CHUBB CORP COM 171232101 354 5,762 SH SOLE - - 5,762
CINCINNATI FINL CORP COM 172062101 677 21,533 SH SOLE 10,944 - 10,589
CISCO SYS INC COM 17275R102 82,628 1,299,945 SH DEFINED 204,805 195 1,094,945
CINTAS CORP COM 172908105 957 26,075 SH SOLE 7,195 - 18,880
CITIGROUP INC COM 172967101 1,584 26,211 SH SOLE 8,994 - 17,217
CITY NATL CORP COM 178566105 611 17,575 SH SOLE 13,100 - 4,475
CLAIRES STORES INC COM 179584107 20,862 1,083,760 SH DEFINED 107,450 370 975,940
COCA COLA COM 191216100 95,788 1,667,686 SH DEFINED 253,670 325 1,413,691
COLGATE PALMOLIVE CO COM 194162103 2,390 39,911 SH SOLE 3,100 - 36,811
COMPUTER ASSOCIATE
INTL INC COM 204912109 438 8,555 SH SOLE 8,000 - 555
CONMED CORP COM 207410101 520 20,100 SH SOLE 20,100 - -
CORAM HEALTHCARE CORP COM 218103109 7 20,000 SH SOLE 20,000 - -
COVANCE INC COM 222816100 482 54,700 SH SOLE 54,700 - -
DPL INC COM 233293109 257 11,725 SH SOLE 4,570 - 7,155
DALLAS SEMICONDUCTOR
CORP COM 235204104 21,924 538,020 SH DEFINED 54,990 160 482,870
DELPHI FINL GROUP
INC CL A CL A 247131105 443 13,063 SH SOLE 13,063 - -
DENTSPLY INTL INC NEW COM 249030107 721 23,400 SH SOLE 23,400 - -
DEVON ENERGY CORP NEW COM 25179M103 17,161 306,453 SH DEFINED 31,355 140 274,958
DEXTER CORP COM 252165105 394 8,200 SH SOLE 8,200 - -
DIAGEO PLC SPONSORED
ADR NEW SPON ADR
NEW 25243Q205 8,643 243,049 SH DEFINED 12,465 7,659 222,925
DISNEY COMMON STOCK COM
DISNEY 254687106 5,901 152,032 SH SOLE 60,965 - 91,067
DOVER CORP COM 260003108 251 6,200 SH SOLE 5,000 - 1,200
DOWNEY FINL CORP COM 261018105 284 9,800 SH SOLE 9,800 - -
DUKE PWR CO COM 264399106 469 8,265 SH SOLE 2,680 - 5,585
DURA PHARMACEUTICALS
INC COM 26632S109 306 21,300 SH SOLE 21,300 - -
EARTHGRAINS CO COM 270319106 667 34,300 SH SOLE 34,300 - -
EATON VANCE CORP
NON VTG COM NON
VTG 278265103 16,183 349,903 SH DEFINED 35,690 110 314,103
ELECTRONIC DATA
SYS CORP NEW COM 285661104 57,056 1,383,184 SH DEFINED 213,783 280 1,169,121
EMERSON ELEC CO COM 291011104 55,534 919,821 SH DEFINED 134,170 185 785,466
ENDESA ADR COM 29258N107 6,287 322,390 SH DEFINED 18,425 11,962 292,003
ENRON CORP COM 293561106 419 6,500 SH SOLE - - 6,500
EQUIFAX INC COM 294429105 584 22,250 SH SOLE - - 22,250
EQUITY RESIDENTIAL
PROP CVT PF PFD CV
1/10 G 29476L859 473 21,000 SH SOLE 1,000 - 20,000
ERICSSON L M TEL
CO ADR ADR CL
B SEK10 294821400 9,883 494,136 SH DEFINED 160,760 9,660 323,716
EXXON MOBIL
CORPORATION COM 30231G102 90,544 1,153,423 SH DEFINED 195,304 246 957,873
FACTSET RESH SYS INC COM 303075105 13,199 467,235 SH DEFINED 53,600 140 413,495
</TABLE>
Page 2 of 5
<PAGE> 5
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FAIR ISAAC & CO INC COM 303250104 12,592 286,180 SH DEFINED 32,180 80 253,920
FEDERAL NAT MORTGAGE
ASSN COM 313586109 79,563 1,520,924 SH DEFINED 225,910 345 1,294,669
FEDERAL SIGNAL CORP COM 313855108 13,264 803,881 SH DEFINED 136,570 430 666,881
FEDEX CORP COM 31428X106 251 6,600 SH SOLE 5,400 - 1,200
FIDUCIARY TR CO INTL COM 316495100 2,511 55,186 SH SOLE 6,052 - 49,134
FIFTH THIRD BANCORP COM 316773100 3,507 83,181 SH SOLE 37,550 - 45,632
GTE CORP COM 362320103 395 6,341 SH SOLE - - 6,341
GANNETT INC DEL COM 364730101 1,240 20,739 SH SOLE 9,795 - 10,944
G A P INC COM 364760108 45,618 1,459,777 SH DEFINED 222,872 290 1,236,615
GENERAL ELEC CO COM 369604103 126,102 2,407,671 SH DEFINED 421,932 410 1,985,329
GLACIER WTR SVCS INC COM 376395109 417 35,450 SH DEFINED 22,000 2,950 10,500
GOLDEN ST BANCORP INC COM 381197102 360 20,000 SH SOLE 20,000 - -
GROUPE DANONE ADR SPONSORED
ADR 399449107 12,834 476,438 SH DEFINED 33,940 10,165 432,333
HSBC HLDGS PLC ADR SPON
ADR NEW 404280406 11,172 192,824 SH DEFINED 14,980 5,638 172,206
HEICO CORP NEW-CL A CL A 422806208 7,385 663,113 SH DEFINED 77,743 209 585,162
HEIDRICK & STRUGGLES
INTL INC COM 422819102 751 11,900 SH SOLE 11,900 - -
HELLER FINL INC CL A CL A 423328103 529 25,800 SH SOLE 25,800 - -
HENRY JACK & ASSOC INC COM 426281101 24,401 486,811 SH DEFINED 47,960 180 438,671
HERSHEY FOODS CORP COM 427866108 987 20,350 SH SOLE 8,210 - 12,140
HEWLETT PACKARD CO COM 428236103 106,687 854,354 SH DEFINED 149,638 165 704,551
HOME DEPOT INC COM 437076102 49,194 985,111 SH DEFINED 140,175 200 844,736
HONEYWELL INTERNATIONAL,
INC. COM 438516106 206 6,128 SH SOLE - - 6,128
HOOPER HOLMES INC COM 439104100 14,827 1,853,425 SH DEFINED 328,730 490 1,524,205
IDT CORP COM 448947101 638 18,800 SH SOLE 18,800 - -
HYPERION SOLUTIONS CORP COM 44914M104 496 15,300 SH SOLE 15,300 - -
IDEXX LABORATORIES CORP COM 45168D104 291 12,700 SH SOLE 12,700 - -
ILLINOIS TOOL WORKS INC COM 452308109 42,802 750,919 SH DEFINED 118,380 170 632,369
INFOCUS CORP COM 45665B106 425 13,200 SH SOLE 13,200 - -
ING ADR COM 456837103 12,544 185,839 SH DEFINED 14,686 5,936 165,217
INTEL CORP COM 458140100 153,519 2,296,688 SH DEFINED 362,214 440 1,934,034
INTERIM SVCS INC COM 45868P100 330 18,600 SH SOLE 18,600 - -
IBM CORP COM 459200101 108,773 992,792 SH DEFINED 154,230 210 838,352
INTERNATIONAL RECTIFIER
CORP COM 460254105 1,047 18,700 SH SOLE 18,700 - -
INTERPUBLIC GROUP
COS INC COM 460690100 274 6,374 SH SOLE 6,374 - -
INTERVOICE-BRITE INC COM 461142101 118 18,000 SH SOLE 18,000 - -
JOHNSON & JOHNSON COM 478160104 125,410 1,231,016 SH DEFINED 190,145 255 1,040,616
JONES PHARMA INC COM 480236108 21,776 545,255 SH DEFINED 54,465 200 490,590
KIMBERLY CLARK CORP COM 494368103 812 14,159 SH SOLE 2,680 - 11,479
KONINKLIJKE AHOLD
N V ADR SPON
NEW ADR 500467303 10,665 363,853 SH DEFINED 29,435 10,355 324,063
LA Z BOY INC COM 505336107 16,399 1,171,346 SH DEFINED 130,100 420 1,040,826
LABRANCHE & CO INC COM 505447102 338 23,500 SH SOLE 23,500 - -
LANDAUER INC COM 51476K103 7,732 496,815 SH DEFINED 45,430 75 451,310
LIBERTY PPTY TR
SH BEN INT SH BEN
INT 531172104 342 13,200 SH SOLE 13,200 - -
LINEAR TECHNOLOGY CORP COM 535678106 4,653 72,778 SH SOLE 3,985 - 68,793
LIQUI BOX CORP COM 536314107 6,716 135,673 SH DEFINED 9,380 40 126,253
LUCENT TECHNOLOGIES INC COM 549463107 52,087 886,595 SH DEFINED 115,265 145 771,185
MARSH & MCLENNAN
COS INC COM 571748102 54,012 517,172 SH DEFINED 80,150 105 436,917
MATSUSHITA ELEC
INDL ADR ADR 576879209 8,984 34,957 SH DEFINED 3,160 1,017 30,780
MAY DEPT STORES CO COM 577778103 330 13,730 SH SOLE 5,370 - 8,360
MCDONALDS CORP COM 580135101 78,875 2,394,673 SH DEFINED 354,104 445 2,040,124
MEDTRONIC INC COM 585055106 57,566 1,155,649 SH DEFINED 173,240 235 982,174
</TABLE>
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<PAGE> 6
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MERCK & CO INC COM 589331107 105,934 1,382,502 SH DEFINED 210,703 265 1,171,534
MERIDIAN RESOURCE CORP COM 58977Q109 137 24,150 SH DEFINED 1,500 16,850 5,800
MERRILL LYNCH & CO INC COM 590188108 347 3,015 SH SOLE 2,700 - 315
MICROSOFT CORP COM 594918104 82,443 1,030,542 SH DEFINED 149,844 195 880,503
MICRON TECHNOLOGY INC COM 595112103 240 2,730 SH SOLE - - 2,730
MIDWEST LODGING
PROPERTIES INC COM 598330108 - 100,000 SH SOLE - - 100,000
MINEBEA ADR COM 602725301 8,060 320,617 SH DEFINED 30,408 10,025 280,184
MINNESOTA MNG & MFG CO COM 604059105 526 6,360 SH SOLE 1,200 - 5,160
MONACO COACH CORP COM 60886R103 175 12,862 SH SOLE 12,862 - -
BENJAMIN MOORE & CO COM 615649100 11,484 476,035 SH DEFINED 37,260 - 438,775
MORGAN J.P. & CO INC COM 616880100 358 3,251 SH SOLE 1,400 - 1,851
MORGAN STANLEY FIN
PLC CAP UT UNIT EX
083015 616906608 1,000 40,723 SH SOLE 200 - 40,523
MORGAN STANLEY
DEAN WITTER NEW COM 617446448 3,174 38,132 SH SOLE 6,630 - 31,502
MORRISON KNUDSEN
CORP NEW COM 61844A109 74 10,200 SH SOLE 10,200 - -
MOTOROLA INC COM 620076109 622 20,740 SH SOLE 240 - 20,500
NRG ENERGY INC COM 629377102 579 31,700 SH SOLE 31,700 - -
NATIONAL COMMERCE
BANCORP COM 635449101 17,047 1,061,270 SH DEFINED 200,130 250 860,890
NEWS CORP ADR SPON
ADR PFD 652487802 409 8,600 SH SOLE - - 8,600
NIPPON TELEG & TEL ADR SPONSORED
ADR 654624105 7,153 104,616 SH DEFINED 8,960 4,485 91,171
NOKIA ADR SPONSORED
ADR 654902204 4,013 80,161 SH DEFINED 10,990 740 68,431
NORDSON CORP COM 655663102 13,840 273,384 SH DEFINED 29,245 90 244,049
NOVARTIS ADR SPONSORED
ADR 66987V109 12,277 306,922 SH DEFINED 19,470 8,189 279,263
NSTAR COM 67019E107 263 6,466 SH SOLE 6,466 - -
OCEAN ENERGY INC COM 67481E106 521 36,700 SH SOLE 36,700 - -
OMNICARE INC COM 681904108 277 30,600 SH SOLE 30,600 - -
PNC FINANCIAL CORP COM 693475105 428 9,120 SH SOLE 8,200 - 920
PPG INDS INC COM 693506107 54,235 1,223,932 SH DEFINED 187,970 280 1,035,682
PACIFIC CAP
BANCORP NEW COM 69404P101 288 11,500 SH SOLE 11,500 - -
PACKARD BIOSCIENCE
INC COM 695172205 386 22,700 SH SOLE 22,700 - -
PEPSICO INC COM 713448108 769 17,303 SH SOLE 1,298 - 16,005
PERSONNEL GROUP AMER
INC COM 715338109 145 51,400 SH SOLE 51,400 - -
PFIZER INC COM 717081103 127,655 2,659,470 SH DEFINED 440,007 550 2,218,913
PHARMACIA CORP COM 71713U102 295 5,700 SH SOLE 5,700 - -
PLAINS ALL AMERN
PIPELINE L P UN UNIT LTD
PARTN 726503105 315 16,925 SH DEFINED - 4,900 12,025
PLAINS RES INC COM 726540503 194 12,150 SH DEFINED 3,500 4,150 4,500
PRIME RETAIL INC
8.50 CONV PFD PFD CONV
SER B 741570303 109 15,530 SH SOLE - - 15,530
PROCTER & GAMBLE
COMPANY COM 742718109 78,466 1,370,588 SH DEFINED 200,523 235 1,169,830
QWEST COMMUNICATIONS
INTL INC COM 749121109 1,400 28,186 SH SOLE 448 - 27,738
R H DONNELLEY CORP COM NEW 74955W307 314 16,200 SH SOLE 16,200 - -
RPM INC OHIO COM 749685103 151 14,870 SH SOLE - - 14,870
RADIAN GROUP INC COM 750236101 419 8,100 SH SOLE 8,100 - -
RECKSON ASSOCS RLTY
CORP COM 75621K106 311 13,100 SH SOLE 13,100 - -
RENT WAY INC COM 76009U104 333 11,400 SH SOLE 11,400 - -
REPSOL S A ADR SPONSORED
ADR 76026T205 10,184 513,994 SH DEFINED 31,060 11,095 471,839
REUTERS GROUP ADR SPONSORED
ADR 76132M102 9,905 99,114 SH DEFINED 7,731 2,525 88,858
REYNOLDS & REYNOLDS
CO CL A CL A 761695105 15,915 872,037 SH DEFINED 200,985 220 670,832
ROYAL DUTCH PETE
NY REG SHS 1.25 NY REG
GLD1.25 780257804 1,482 24,070 SH SOLE 6,900 - 17,170
SBC COMMUNICATIONS INC COM 78387G103 906 20,943 SH SOLE - - 20,943
SANTA FE SNYDER
CORPORATION COM 80218K105 415 36,500 SH SOLE 36,500 - -
SAP AKTIENGESELLSCHAFT
ADR SPONSORED
ADR 803054204 10,528 225,802 SH DEFINED 16,880 5,385 203,537
SARA LEE CORP COM 803111103 1,074 55,956 SH SOLE 16,060 - 39,896
</TABLE>
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<PAGE> 7
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SCHEIB EARL INC COM 806398103 50 16,120 SH SOLE - - 16,120
SCHERING PLOUGH CORP COM 806605101 1,532 30,335 SH SOLE 4,400 - 25,935
SCHLUMBERGER COM 806857108 220 2,950 SH SOLE - - 2,950
SHISEIDO ADR COM 824841407 9,360 603,890 SH DEFINED 52,935 16,935 534,020
SINCLAIR BROADCAST
GROUP INC CL A CL A 829226109 322 29,300 SH SOLE 29,300 - -
SONY ADR ADR NEW 835699307 8,843 93,759 SH DEFINED 9,680 3,952 80,127
SOUTHWEST SECS
GROUP INC COM 845224104 308 9,100 SH SOLE 9,100 - -
SOVEREIGN BANCORP INC COM 845905108 380 54,100 SH SOLE 54,100 - -
SPIEGEL INC CL A
NON-VTG CL A 848457107 289 34,000 SH SOLE 34,000 - -
STATE STREET CORP COM 857477103 7,273 68,575 SH DEFINED 29,325 90 39,160
STRAYER ED INC COM 863236105 18,952 789,652 SH DEFINED 128,745 110 660,797
SUN MICROSYSTEMS INC COM 866810104 418 4,600 SH SOLE - - 4,600
SUPERIOR TELECOM INC COM 868365107 122 12,300 SH SOLE 12,300 - -
TELEFONICA S A ADR SPONSORED
ADR 879382208 6,857 107,038 SH DEFINED 9,591 5,054 92,393
TIDEWATER INC COM 886423102 547 15,200 SH SOLE 15,200 - -
TIMBERLINE SOFTWARE INC COM 887134104 4,268 583,674 SH DEFINED 53,537 160 529,977
TIME WARNER INC COM 887315109 474 6,234 SH SOLE 5,000 - 1,234
TOOTSIE ROLL INDS INC COM 890516107 22,444 641,261 SH DEFINED 64,663 226 576,372
TOTAL FINA ELF ADR SPONSORED
ADR 89151E109 12,311 160,269 SH DEFINED 9,262 3,480 147,527
TOWER AUTOMOTIVE INC COM 891707101 190 15,200 SH SOLE 15,200 - -
TYCO INTL LTD NEW COM 902124106 1,164 24,562 SH SOLE 1,400 - 23,162
US RESTAURANT
PROPERTIES 7.72% PFD CV
SER A 902971209 168 16,900 SH SOLE 1,000 - 15,900
USEC INC COM 90333E108 415 89,800 SH SOLE - - 89,800
UNILEVER ADR N Y
SHS NEW 904784709 7,367 171,317 SH DEFINED 12,036 3,210 156,071
UNION PAC CORP COM 907818108 222 5,910 SH SOLE - - 5,910
UNOCAL CORP COM 915289102 305 9,220 SH SOLE - - 9,220
VALSPAR CORP COM 920355104 290 8,605 SH SOLE 4,900 - 3,705
VERITAS DGC INC COM 92343P107 447 17,200 SH SOLE 17,200 - -
VERSUS TECHNOLOGY INC COM 925313108 10 30,000 SH SOLE - - 30,000
VICOR CORP COM 925815102 905 26,000 SH SOLE 26,000 - -
VODAFONE AIRTOUCH
PLC ADR SPONSORED
ADR 92857T107 10,802 258,735 SH DEFINED 24,190 3,910 230,635
WAL MART STORES INC COM 931142103 2,473 43,343 SH SOLE 30,730 - 12,613
WALGREEN COMPANY COM 931422109 705 21,961 SH SOLE 11,200 - 10,761
WASHINGTON FED INC COM 938824109 14,250 780,844 SH DEFINED 83,015 250 697,579
WELLS FARGO NEW COM 949746101 91,583 2,333,328 SH DEFINED 346,666 470 1,986,192
WESTVACO CORP COM 961548104 309 12,444 SH SOLE - - 12,444
WILD OATS MKTS INC COM 96808B107 457 36,400 SH SOLE 36,400 - -
WILLIAMS COS INC COM 969457100 212 5,090 SH SOLE - - 5,090
WORLDCOM INC GA NEW COM 98157D106 431 9,391 SH SOLE 4,760 - 4,631
WRIGLEY WM JR CO COM 982526105 43,101 537,505 SH DEFINED 90,270 100 447,135
ZALE CORP NEW COM 988858106 398 10,900 SH SOLE 10,900 - -
ZEBRA TECHNOLOGIES
CORP CL A CL A 989207105 368 8,300 SH SOLE 8,300 - -
3,224,145
</TABLE>
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