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, 1999
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: Symphony Asset Management LLC
Address: 555 California Street, Suite 2975
San Francisco, CA 94104
13F File Number: 28-5958
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: Neil L. Rudolph
Title: Chief Operating Officer
Phone: 415/676-4000
Signature, Place, and Date of Signing:
/s/ Neil L. Rudolph San Francisco, CA 11/10/99
-------------------------- -------------------------- -----------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s))
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported by other reporting manager(s))
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-----------
Form 13F Information Table Entry Total: 352
-----------
Form 13F Information Table Value Total: $ 1,830,290
-----------
(thousands)
Confidential information has been omitted from the public Form 13F report and
has been filed separately with the Commission.
List of other Included Managers:
Provide a number list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filled,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries]
NONE
<PAGE>
<TABLE>
SYMPHONY ASSET MANAGEMENT LLC
FORM 13F
Public
September 30, 1999
<S> <C> <C>
Voting Authority
----------------
Value Shares/ Sh/ Put/Invstmt
Name of Issuer Title of class CUSIP (x$1000) PrnAmt Prn Call Dscretn Managers Sole Shared None
3Com Corp COM 885535104 7,176 249,600 SH Sole 249,600
AVX Corp COM 002444107 3,288 93,600 SH Sole 93,600
AXA Financial Inc COM 002451102 21,789 390,400 SH Sole 390,400
Abercrombie & Fitch Co-C COM 002896207 944 27,700 SH Sole 27,700
Adaptec Inc COM 00651F108 5,354 134,900 SH Sole 134,900
Advent Software inc COM 007974108 1,513 24,300 SH Sole 24,300
Advo Inc COM 007585102 622 31,200 SH Sole 31,200
Affiliated Computer Serv COM 008190100 532 13,100 SH Sole 13,100
Affiliated Managers Grou COM 008252108 635 23,300 SH Sole 23,300
Alaska Airgroup Inc. COM 011659109 439 10,800 SH Sole 10,800
Albertsons Inc COM 013104104 9,722 245,726 SH Sole 245,726
Allegheny Energy Inc COM 017361106 2,595 81,400 SH Sole 81,400
Alliant Techsystems Inc COM 018804104 735 10,600 SH Sole 10,600
Allmerica Financial Corp COM 019754100 11,216 235,500 SH Sole 235,500
Alltel Corp COM 020039103 9,824 139,600 SH Sole 139,600
Alpharma Inc Class A COM 020813101 1,826 51,700 SH Sole 51,700
Amazon.com Inc. COM 023135106 3,933 49,200 SH Sole 49,200
Ambac Inc COM 023139108 6,272 132,400 SH Sole 132,400
American Eagle Outfitter COM 02553E106 3,182 65,700 SH Sole 65,700
American Mgmt Sys Inc COM 027352103 3,843 149,800 SH Sole 149,800
American Std Cos Inc Del COM 029712106 2,522 65,300 SH Sole 65,300
American West Holdings C COM 023657208 776 44,800 SH Sole 44,800
American Wtr Wks Inc COM 030411102 2,040 70,500 SH Sole 70,500
Amerisource Health Corp COM 03071P102 2,331 98,400 SH Sole 98,400
Ameritech Corp COM 030954101 10,386 155,600 SH Sole 155,600
Anheuser-Busch Co Inc COM 035229103 8,176 116,700 SH Sole 116,700
Anntaylor Stores Corp COM 036115103 5,477 134,000 SH Sole 134,000
Apache Corp COM 037411105 2,557 59,200 SH Sole 59,200
Apple Computer COM 037833100 8,497 134,200 SH Sole 134,200
Apria Healthcare Group I COM 037933108 973 58,100 SH Sole 58,100
Ardent Software Inc COM 039794102 2,971 110,300 SH Sole 110,300
Armstrong World Industri COM 042476101 346 7,700 SH Sole 7,700
Artesyn Technologies Inc COM 043127109 594 31,300 SH Sole 31,300
Arvin Inds Inc COM 043339100 3,270 105,700 SH Sole 105,700
Astoria Finl Corp COM 046265104 1,156 37,600 SH Sole 37,600
At Home Corp - Ser A COM 045919107 1,678 40,500 SH Sole 40,500
Atwood Oceanics Inc COM 050095108 400 13,100 SH Sole 13,100
BE Aerospace Inc COM 073302101 1,505 126,100 SH Sole 126,100
BISYS Group Inc COM 055472104 450 9,600 SH Sole 9,600
BJ's Wholesale Club Inc COM 05548J106 5,283 178,700 SH Sole 178,700
Barrett Resources Corp COM 068480201 742 20,100 SH Sole 20,100
Bausch & Lomb Inc COM 071707103 7,207 109,300 SH Sole 109,300
Baxter International Inc COM 071813109 9,526 158,100 SH Sole 158,100
Bellsouth Corp COM 079860102 10,269 228,200 SH Sole 228,200
Belo A H Corp Del COM 080555105 601 31,400 SH Sole 31,400
Berkshire Hathaway Inc D COM 084670108 12,430 226 SH Sole 226
Bindley Westn Inds Inc COM 090324104 1,631 113,932 SH Sole 113,932
Biogen Inc COM 090597105 12,421 157,600 SH Sole 157,600
Black Box Corp Del COM 091826107 273 5,200 SH Sole 5,200
Borg-Warner Automotive I COM 099724106 1,694 39,400 SH Sole 39,400
Brinker International In COM 109641100 3,155 116,600 SH Sole 116,600
Bristol Myers Squibb Co COM 110122108 28,613 423,900 SH Sole 423,900
C&D Technologies Inc. - COM 124661109 556 15,300 SH Sole 15,300
CDW Computer Ctrs Inc COM 125129106 4,765 97,500 SH Sole 97,500
CMG Information Services COM 125750109 328 3,200 SH Sole 3,200
CNF Transposrtation Inc COM 12612W104 1,930 51,800 SH Sole 51,800
CSG Systems Intl Inc COM 126349109 1,940 70,800 SH Sole 70,800
CTS Corp COM 126501105 3,858 67,100 SH Sole 67,100
Cable Design Technologie COM 126924109 9,000 394,500 SH Sole 394,500
Cadence Design System In COM 127387108 7,180 536,800 SH Sole 536,800
Cal Dive Int'l Inc COM 127914109 305 8,900 SH Sole 8,900
Calpine Corp COM 131347106 2,841 33,400 SH Sole 33,400
Canandaigua Brands Inc - COM 137219200 926 15,500 SH Sole 15,500
Capital One Financial Co COM 14040H105 35,330 905,900 SH Sole 905,900
Carlisle Cos Inc COM 142339100 1,497 37,900 SH Sole 37,900
Carrier Access Corp COM 144460102 1,480 35,400 SH Sole 35,400
Casella Waste Systems In COM 147448104 532 31,900 SH Sole 31,900
Celestica Inc COM 15101Q108 3,061 62,000 SH Sole 62,000
Centex Construction Prod COM 15231R109 832 22,400 SH Sole 22,400
Central Newspapers Inc COM 154647101 3,249 73,000 SH Sole 73,000
Charter One Finl Inc COM 160903100 1,115 48,195 SH Sole 48,195
Chase Manhattan Corp COM 16161A108 15,007 199,100 SH Sole 199,100
Chris Craft Inds Inc COM 170520100 2,436 43,400 SH Sole 43,400
Church & Dwight Inc COM 171340102 1,820 72,800 SH Sole 72,800
Ciber Inc COM 17163B102 291 19,000 SH Sole 19,000
Cincinnati Bell Inc COM 171870108 18,460 949,700 SH Sole 949,700
Cisco Sys Inc COM 17275R102 27,679 403,700 SH Sole 403,700
Citigroup Inc COM 172967101 40,170 912,947 SH Sole 912,947
Citrix Sys Inc COM 177376100 2,775 44,800 SH Sole 44,800
City National Corp COM 178566105 33,066 985,200 SH Sole 985,200
Cognex Corp COM 192422103 1,488 49,300 SH Sole 49,300
Commerce Bancorp Inc NJ COM 200519106 1,258 30,313 SH Sole 30,313
Commerce Bancshares Inc COM 200525103 1,561 44,117 SH Sole 44,117
Commscope Inc COM 203372107 7,686 236,500 SH Sole 236,500
Compass Bancshares COM 20449H109 4,608 184,300 SH Sole 184,300
Comverse Technology Inc COM 205862402 21,366 226,550 SH Sole 226,550
Concord Communications I COM 206186108 3,494 87,900 SH Sole 87,900
Consolidated Graphics In COM 209341106 1,057 25,100 SH Sole 25,100
Cooper Companies Inc COM 216648402 2,050 66,400 SH Sole 66,400
Cordant Technologies Inc COM 218412104 1,205 39,600 SH Sole 39,600
Corn Products Intl Inc COM 219023108 1,288 42,300 SH Sole 42,300
Cost Plus Inc/California COM 221485105 2,658 54,800 SH Sole 54,800
Credence Sys Corp COM 225302108 408 9,100 SH Sole 9,100
Creditrust Corp COM 225429109 258 11,500 SH Sole 11,500
Cullen Frost Bankers Inc COM 229899109 673 26,900 SH Sole 26,900
Cummins Engine Inc COM 231021106 722 14,500 SH Sole 14,500
D R Horton Inc COM 23331A109 1,908 147,500 SH Sole 147,500
DST Systems Inc COM 233326107 3,657 64,300 SH Sole 64,300
Dallas Semiconductor Cor COM 235204104 1,731 32,400 SH Sole 32,400
Dayton Hudson Corp COM 239753106 35,749 595,200 SH Sole 595,200
Dial Corp COM 25247D101 987 38,700 SH Sole 38,700
Diamonds Trust Series I COM 252787106 41,295 398,500 SH Sole 398,500
Dime Bancorp Inc COM 25429Q102 4,177 238,700 SH Sole 238,700
Dollar Thrifty Automotiv COM 256743105 1,936 93,600 SH Sole 93,600
Dollar Tree Stores Inc COM 256747106 6,662 166,800 SH Sole 166,800
Dover Corp COM 260003108 6,912 169,100 SH Sole 169,100
Dow Chem Co COM 260543103 12,817 112,800 SH Sole 112,800
Downey Finl Corp COM 261018105 294 14,600 SH Sole 14,600
Earthgrains Co COM 270319106 1,655 74,800 SH Sole 74,800
Ebay Inc COM 278642103 3,498 24,800 SH Sole 24,800
Edwards AG Inc COM 281760108 3,102 117,600 SH Sole 117,600
El Paso Natural Gas COM 283905107 2,065 51,300 SH Sole 51,300
Electro Scientific Inds COM 285229100 2,206 41,400 SH Sole 41,400
Electronic Arts Inc COM 285512109 420 5,800 SH Sole 5,800
Electronic Data Sys New COM 285661104 8,962 169,300 SH Sole 169,300
Energy East Corp COM 29266M109 6,154 259,100 SH Sole 259,100
Equitable Res Inc COM 294549100 1,146 30,300 SH Sole 30,300
Expeditors Intl Wash Inc COM 302130109 2,593 80,800 SH Sole 80,800
FBL Financial Group Inc COM 30239F106 287 13,900 SH Sole 13,900
Factset Research Systems COM 303075105 609 10,700 SH Sole 10,700
Family Dollar Stores COM 307000109 4,449 210,600 SH Sole 210,600
Federal Home Ln Mtg Corp COM 313400301 32,172 618,700 SH Sole 618,700
Financial Security Assur COM 31769P100 8,926 172,700 SH Sole 172,700
FirstFed Financial Corp. COM 337907109 1,934 111,300 SH Sole 111,300
Firstar Corp COM 33763V109 6,335 247,200 SH Sole 247,200
Fleet Boston Corp COM 33901A108 21,191 578,600 SH Sole 578,600
Fossil Inc COM 349882100 4,045 149,475 SH Sole 149,475
Galileo International In COM 363547100 4,017 99,800 SH Sole 99,800
Gallagher (Arthur J) & C COM 363576109 1,038 19,500 SH Sole 19,500
Gannett Inc Del COM 364730101 9,679 139,900 SH Sole 139,900
Gap Inc Del COM 364760108 4,970 155,300 SH Sole 155,300
General Dynamics Corp COM 369550108 1,399 22,400 SH Sole 22,400
General Mills Inc COM 370334104 10,773 132,800 SH Sole 132,800
Genrad Inc COM 372447102 1,796 93,900 SH Sole 93,900
Georgia Pacific Timber G COM 373298702 1,199 52,400 SH Sole 52,400
Great Plains Software In COM 39119E105 1,138 22,100 SH Sole 22,100
H.B. Fuller Co COM 359694106 2,039 33,500 SH Sole 33,500
Harrahs Entmt Inc COM 413619107 1,884 67,900 SH Sole 67,900
Hartford Life - Class A COM 416592103 7,200 146,200 SH Sole 146,200
Health Mgmt Assoc Inc Ne COM 421933102 1,259 162,400 SH Sole 162,400
Helix Technology Corp COM 423319102 303 9,100 SH Sole 9,100
Heller Financial Inc COM 423328103 266 11,800 SH Sole 11,800
Hertz Corp - Class A COM 428040109 9,060 205,900 SH Sole 205,900
Hispanic Broadcasting Co COM 43357B104 4,233 55,600 SH Sole 55,600
Hollywood Entmt Corp COM 436141105 1,064 70,900 SH Sole 70,900
Hollywood Park Inc COM 436255103 3,212 208,900 SH Sole 208,900
Hormel Foods Corp COM 440452100 5,143 124,500 SH Sole 124,500
Houston Exploration Co COM 442120101 1,592 73,400 SH Sole 73,400
Hudson United Bancorp COM 444165104 3,734 121,200 SH Sole 121,200
IBP Inc COM 449223106 7,122 288,500 SH Sole 288,500
Imation Corp COM 45245A107 1,435 46,300 SH Sole 46,300
Imperial Bancorp COM 452556103 8,257 388,588 SH Sole 388,588
In Focus Sys Inc COM 452919103 233 13,900 SH Sole 13,900
Inet Technologies Inc COM 45662V105 1,065 26,700 SH Sole 26,700
International Business M COM 459200101 5,191 42,900 SH Sole 42,900
International Multifoods COM 460043102 699 30,400 SH Sole 30,400
Intervoice Inc COM 461142101 1,066 96,400 SH Sole 96,400
Intuit COM 461202103 833 9,500 SH Sole 9,500
Investment Techologies G COM 46145F105 332 14,455 SH Sole 14,455
Ipalco Enterprises Inc COM 462613100 1,009 51,900 SH Sole 51,900
JDS Uniphase Corp COM 46612J101 6,567 57,700 SH Sole 57,700
Jabil Circuit Inc COM 466313103 1,094 22,100 SH Sole 22,100
Jack In The Box Inc. COM 466367109 4,753 190,600 SH Sole 190,600
Jefferson-Pilot Corp COM 475070108 12,429 196,700 SH Sole 196,700
Jeffries Group Inc (New) COM 472319102 1,841 88,200 SH Sole 88,200
Johnson & Johnson COM 478160104 22,353 243,300 SH Sole 243,300
Jones Apparel Group Inc COM 480074103 1,857 64,600 SH Sole 64,600
Keebler Foods Co COM 487256109 2,847 95,300 SH Sole 95,300
Kerr-McGee Corp COM 492386107 6,563 119,200 SH Sole 119,200
Keyspan Energy Corp COM 49337W100 3,804 132,900 SH Sole 132,900
Kimberly Clark Corp COM 494368103 15,746 298,500 SH Sole 298,500
Knight Ridder Inc COM 499040103 19,575 355,900 SH Sole 355,900
Kronos Inc COM 501052104 539 14,700 SH Sole 14,700
L-3 Communications Holdi COM 502424104 1,484 39,300 SH Sole 39,300
LHS Group Inc COM 501938104 288 9,800 SH Sole 9,800
LSI Logic Corp COM 502161102 468 9,000 SH Sole 9,000
La Z Boy Inc COM 505336107 635 33,300 SH Sole 33,300
Lafarge Corp COM 505862102 1,338 41,800 SH Sole 41,800
Legg Mason Inc COM 524901105 785 20,500 SH Sole 20,500
Lennar Corp COM 526057104 6,002 376,600 SH Sole 376,600
Level 3 Communications I COM 52729N100 2,522 48,300 SH Sole 48,300
Lexmark Intl Group Inc - COM 529771107 5,635 70,000 SH Sole 70,000
Limited Inc COM 532716107 11,915 311,500 SH Sole 311,500
Lincare Hldgs Inc COM 532791100 1,253 47,000 SH Sole 47,000
Lincoln Nat'l Corp COM 534187109 17,767 473,000 SH Sole 473,000
Linens 'N Things Inc COM 535679104 4,084 121,000 SH Sole 121,000
Louis Dreyfus Natural Ga COM 546011107 442 20,600 SH Sole 20,600
Louisiana-Pacific Corpor COM 546347105 2,228 142,600 SH Sole 142,600
Lowes Companies Inc COM 548661107 6,464 132,600 SH Sole 132,600
M & T Bank Corporation COM 55261F104 9,803 21,358 SH Sole 21,358
MDU Resources Group Inc COM 552690109 504 22,400 SH Sole 22,400
MGM Grand Inc COM 552953101 624 12,200 SH Sole 12,200
Mail-Well Inc. COM 560321200 1,285 92,600 SH Sole 92,600
Mandalay Resort Group COM 562567107 3,966 200,800 SH Sole 200,800
Manitowoc Inc COM 563571108 2,907 85,200 SH Sole 85,200
Mcgraw Hill Cos Inc COM 580645109 8,562 177,000 SH Sole 177,000
Medicis Pharmaceutical-C COM 584690309 410 14,400 SH Sole 14,400
Medimmune Inc COM 584699102 11,540 115,800 SH Sole 115,800
Medquist Inc COM 584949101 7,386 220,900 SH Sole 220,900
Mercantile Bankshares Co COM 587405101 269 8,700 SH Sole 8,700
Merck & Co COM 589331107 16,378 252,700 SH Sole 252,700
Mercury Interactive Corp COM 589405109 5,017 77,700 SH Sole 77,700
Meredith Corp COM 589433101 1,503 41,400 SH Sole 41,400
Meritor Automotive Inc COM 59000G100 2,572 123,200 SH Sole 123,200
Methode Electronics-Cl A COM 591520200 517 27,400 SH Sole 27,400
Metris Companies COM 591598107 3,688 125,000 SH Sole 125,000
Microsoft Corp COM 594918104 31,597 348,900 SH Sole 348,900
Midas Inc COM 595626102 419 20,300 SH Sole 20,300
Midwest Express Hldgs In COM 597911106 1,992 76,050 SH Sole 76,050
Miller Herman Inc COM 600544100 1,339 56,000 SH Sole 56,000
Millipore Corp COM 601073109 838 22,300 SH Sole 22,300
Minnesot Power & Light C COM 604110106 1,663 94,700 SH Sole 94,700
Mohawk Inds Inc COM 608190104 2,042 102,400 SH Sole 102,400
Morgan Stanley Group Inc COM 617446448 34,400 385,700 SH Sole 385,700
Mueller Inds Inc COM 624756102 1,345 45,300 SH Sole 45,300
Murphy Oil Corp COM 626717102 984 18,200 SH Sole 18,200
NCI Building Sys Inc COM 628852105 262 15,800 SH Sole 15,800
NCO Group Inc COM 628858102 400 8,500 SH Sole 8,500
NVR Inc COM 62944T105 4,510 89,300 SH Sole 89,300
Nasdaq-100 Shares COM 631100104 44,527 369,900 SH Sole 369,900
Nat'l Health Investors I COM 63633D104 317 19,300 SH Sole 19,300
National Computers Sys I COM 635519101 702 18,300 SH Sole 18,300
National Fuel Gas Co N J COM 636180101 1,921 40,700 SH Sole 40,700
National R.V. Holding In COM 637277104 300 15,200 SH Sole 15,200
National Semiconductor C COM 637640103 5,951 194,700 SH Sole 194,700
Nationwide Financial Ser COM 638612101 1,496 42,300 SH Sole 42,300
Navigant Consulting Co COM 63935N107 7,661 165,200 SH Sole 165,200
Network Solutions Inc Cl COM 64121Q102 3,243 35,300 SH Sole 35,300
Noble Drilling Corp COM 655042109 3,402 155,500 SH Sole 155,500
North Fork Bancorporatio COM 659424105 1,895 97,164 SH Sole 97,164
Novellus Systems Inc. COM 670008101 7,641 113,300 SH Sole 113,300
Office Depot Inc COM 676220106 789 75,100 SH Sole 75,100
Ogden Corp COM 676346109 455 43,900 SH Sole 43,900
Oge Energy Corp COM 670837103 1,878 84,400 SH Sole 84,400
Oshkosh Truck Corp COM 688239201 499 18,750 SH Sole 18,750
PE Corp-PE Biosystems Gr COM 69332S102 5,961 82,500 SH Sole 82,500
PFF Bancorp Inc COM 69331W104 714 34,600 SH Sole 34,600
PMI Group Inc COM 69344M101 2,732 66,850 SH Sole 66,850
PNC Bank Corp COM 693475105 5,248 99,600 SH Sole 99,600
Pall Corp COM 696429307 1,688 72,800 SH Sole 72,800
Payless Shoesource Inc COM 704379106 1,838 36,400 SH Sole 36,400
Philadelphia Suburban Co COM 718009608 730 31,000 SH Sole 31,000
Pinnacle Systems Inc COM 723481107 1,119 26,400 SH Sole 26,400
Pixar Inc COM 725811103 1,272 33,800 SH Sole 33,800
Polycom Inc COM 73172K104 1,468 30,800 SH Sole 30,800
Popular Inc COM 733174106 1,232 44,400 SH Sole 44,400
Power Intergrations Inc COM 739276103 3,830 55,300 SH Sole 55,300
Premark Intl Inc COM 740459102 1,515 30,000 SH Sole 30,000
Price Communications Cor COM 741437305 542 21,630 SH Sole 21,630
Priceline.com Inc COM 741503106 4,573 70,900 SH Sole 70,900
Priority Healthcare Corp COM 74264T102 1,909 61,819 SH Sole 61,819
Procter & Gamble Co COM 742718109 29,297 312,500 SH Sole 312,500
Progress Software Corp COM 743312100 1,123 35,800 SH Sole 35,800
Providian Financial Corp COM 74406A102 37,634 475,250 SH Sole 475,250
Public Svc Co N Mex COM 744499104 1,433 78,500 SH Sole 78,500
Qlogic Corp COM 747277101 4,300 61,600 SH Sole 61,600
Quanta Services Inc COM 74762E102 1,598 54,500 SH Sole 54,500
Quickresponse Service In COM 74726X105 491 7,650 SH Sole 7,650
Quiksilver Inc COM 74838C106 2,551 139,800 SH Sole 139,800
Qwest Communications Int COM 749121109 8,251 279,100 SH Sole 279,100
R.H. Donnelley Corp COM 74955W307 261 14,000 SH Sole 14,000
RF Micro Devices Inc COM 749941100 14,192 310,200 SH Sole 310,200
Reinsurance Group Amer I COM 759351109 334 13,000 SH Sole 13,000
Roslyn Bancorp Inc COM 778162107 4,381 245,090 SH Sole 245,090
Ross Stores Inc COM 778296103 2,974 147,800 SH Sole 147,800
Rouse Co COM 779273101 777 33,800 SH Sole 33,800
Ryerson Tull Inc COM 78375P107 907 39,200 SH Sole 39,200
S & P 400 Mid-Cap Dep Re COM 595635103 48,897 680,900 SH Sole 680,900
S&P 500 Depository Recei COM 78462F103 44,226 343,500 SH Sole 343,500
SCI Sys Inc COM 783890106 1,271 28,600 SH Sole 28,600
SFX Entertainment Inc-Cl COM 784178105 703 22,950 SH Sole 22,950
SPS Technologies Inc COM 784626103 770 20,300 SH Sole 20,300
Safeskin Corp COM 786454108 3,264 397,100 SH Sole 397,100
Safeway Inc COM 786514208 24,710 649,200 SH Sole 649,200
Sei Corp COM 784117103 321 3,600 SH Sole 3,600
Semtech Corp. COM 816850101 2,395 65,400 SH Sole 65,400
Shaw Industries Inc COM 820286102 1,883 118,600 SH Sole 118,600
Siebel Systems Inc COM 826170102 3,818 57,300 SH Sole 57,300
Simpson Manufacturing Co COM 829073105 422 9,000 SH Sole 9,000
Skytel Communications In COM 83087Q104 793 43,300 SH Sole 43,300
Smithfield Foods Inc COM 832248108 663 24,800 SH Sole 24,800
Solutia Inc. COM 834376105 974 54,500 SH Sole 54,500
Southdown Inc COM 841297104 4,328 80,900 SH Sole 80,900
Spartech Corp COM 847220209 865 29,500 SH Sole 29,500
Station Casinos Inc COM 857689103 1,767 76,000 SH Sole 76,000
Sterling Software Inc COM 859547101 704 35,200 SH Sole 35,200
Stewart Information Svcs COM 860372101 2,027 110,700 SH Sole 110,700
Stone Energy Corp. COM 861642106 1,091 21,400 SH Sole 21,400
Storage Technology Corp COM 862111200 2,930 151,700 SH Sole 151,700
Sun Microsystems Inc COM 866810104 2,995 32,200 SH Sole 32,200
Sungard Data Sys Inc COM 867363103 1,842 70,000 SH Sole 70,000
Sysco Corp COM 871829107 7,293 208,000 SH Sole 208,000
THQ Inc COM 872443403 1,837 42,600 SH Sole 42,600
TMP Worldwide Inc COM 872941109 3,555 58,400 SH Sole 58,400
TRW Inc COM 872649108 4,806 96,600 SH Sole 96,600
Tech Data Corp COM 878237106 768 33,000 SH Sole 33,000
Tecumseh Prods Co COM 878895200 1,679 33,500 SH Sole 33,500
Tekelec COM 879101103 3,166 229,200 SH Sole 229,200
Tektronix Inc COM 879131100 2,801 83,600 SH Sole 83,600
Telephone & Data Sys Inc COM 879433100 4,432 49,900 SH Sole 49,900
Tellabs Inc COM 879664100 5,244 92,100 SH Sole 92,100
Teradyne Inc COM 880770102 296 8,400 SH Sole 8,400
Terex Corp New COM 880779103 2,860 90,800 SH Sole 90,800
Tesoro Petroleum Corpora COM 881609101 2,734 165,700 SH Sole 165,700
Texaco Inc COM 881694103 7,796 123,500 SH Sole 123,500
Texas Instruments Inc COM 882508104 21,533 261,800 SH Sole 261,800
Textron Inc COM 883203101 7,296 94,300 SH Sole 94,300
The Goldman Sachs Group COM 38141G104 5,374 88,100 SH Sole 88,100
The McClatchy Company COM 579489105 3,314 92,700 SH Sole 92,700
Tidewater Inc COM 886423102 3,680 144,300 SH Sole 144,300
Tiffany & Co New COM 886547108 6,899 115,100 SH Sole 115,100
Times Mirror Co. Cl-A COM 887364107 8,365 127,100 SH Sole 127,100
Tjx Cos Inc New COM 872540109 15,204 541,800 SH Sole 541,800
Toll Brothers Inc COM 889478103 555 29,100 SH Sole 29,100
Torchmark Corp COM 891027104 4,088 158,000 SH Sole 158,000
Tower Automotive Inc COM 891707101 678 34,200 SH Sole 34,200
Tribune Co New COM 896047107 19,686 395,700 SH Sole 395,700
Trigon Healthcare Inc COM 89618L100 2,659 90,900 SH Sole 90,900
U S Home Corp New COM 911920106 515 18,500 SH Sole 18,500
U.S. Foodservice COM 90331R101 2,408 133,800 SH Sole 133,800
U.S. Trust Corp COM 91288L105 3,014 37,500 SH Sole 37,500
UAL Corp COM 902549500 1,065 16,300 SH Sole 16,300
USFreightways Corp COM 916906100 2,056 43,400 SH Sole 43,400
USG Corp COM 903293405 10,344 217,200 SH Sole 217,200
Ultramar Corp COM 904000106 1,767 69,300 SH Sole 69,300
Unionbancal Corportion COM 908906100 2,871 79,200 SH Sole 79,200
Unisys Corp. COM 909214108 2,861 63,400 SH Sole 63,400
United International Hld COM 913247508 1,612 22,500 SH Sole 22,500
United States Cellular C COM 911684108 775 11,400 SH Sole 11,400
United Technologies Corp COM 913017109 11,477 193,500 SH Sole 193,500
Universal Corp Va COM 913456109 502 19,200 SH Sole 19,200
Univision Comm - Class A COM 914906102 14,338 176,200 SH Sole 176,200
Utilicorp United Inc COM 918005109 3,361 159,550 SH Sole 159,550
Valassis Communications COM 918866104 11,602 264,050 SH Sole 264,050
Vastar Res Inc COM 922380100 5,280 84,400 SH Sole 84,400
Veritas Software Co COM 923436109 8,551 112,600 SH Sole 112,600
Viad Corp. COM 92552R109 590 20,000 SH Sole 20,000
Vishay Intertechnology I COM 928298108 2,800 117,900 SH Sole 117,900
Visx Inc COM 92844S105 7,024 88,800 SH Sole 88,800
Waddell & Reed Financial COM 930059100 1,289 58,100 SH Sole 58,100
Wallace Computer Svcs In COM 932270101 443 21,900 SH Sole 21,900
Washington Post Co COM 939640108 3,264 6,400 SH Sole 6,400
Webb Del E Corp COM 947423109 301 13,700 SH Sole 13,700
Western Resources Inc. COM 959425109 840 39,300 SH Sole 39,300
Westpoint Stevens Inc COM 961238102 387 16,400 SH Sole 16,400
Westwood One Inc COM 961815107 794 17,600 SH Sole 17,600
Xircom Inc COM 983922105 1,929 45,200 SH Sole 45,200
Yahoo Inc COM 984332106 5,511 30,700 SH Sole 30,700
York Intl Corp COM 986670107 5,182 144,200 SH Sole 144,200
Young & Rubicam Inc COM 987425105 343 7,800 SH Sole 7,800
Zale Corp COM 988858106 5,030 131,300 SH Sole 131,300
Zebra Technologies Corp COM 989207105 2,642 58,100 SH Sole 58,100
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REPORT SUMMARY 352 DATA RECORDS 1,830,290 40,901,585
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