UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1998
Check here if Amendment [ X ]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ X ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Symphony Asset Management LLC
Address: 555 California Street
Suite 2975
San Francisco, California 94104
Form 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: Praveen K. Gottipalli
Title: Director of Investments
Phone: (415) 676-4000
Signature, Place, and Date of Signing:
/s/ Praveen K. Gottipalli San Francisco, California 8-4-00
------------------------- ------------------------- ------
[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 are reported 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 in this report and a portion 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: 353
------------
Form 13F Information Table Value Total: $ 1,182,838
------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
<PAGE>
<TABLE>
SYMPHONY ASSET MANAGEMENT LLC
FORM 13F
December 31, 1998
<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
-------------- -------------------- -------- ------ ------------------------- ---- ------ ----
ADC Telecommunications COM 000886101 23,422 674,000 SH Sole 674,000
AFLAC Inc COM 001055102 259 5,900 SH Sole 5,900
AK Steel Hldgs Corp COM 001547108 536 22,800 SH Sole 22,800
AT&T Corp COM 001957109 16,483 217,600 SH Sole 217,600
Aar Corp COM 000361105 69 2,900 SH Sole 2,900
Abercrombie & Fitch Co-C COM 002896207 11,122 157,200 SH Sole 157,200
Acnielsen Corp COM 004833109 4,012 142,000 SH Sole 142,000
Adaptec Inc COM 00651F108 119 6,800 SH Sole 6,800
Advent Software inc COM 007974108 57 1,200 SH Sole 1,200
Advo Inc COM 007585102 4,254 161,300 SH Sole 161,300
Affiliated Computer Serv COM 008190100 50 1,100 SH Sole 1,100
Alaska Airgroup Inc. COM 011659109 381 8,600 SH Sole 8,600
Allegheny Energy Inc COM 017361106 207 6,000 SH Sole 6,000
Allied Waste Insutries COM 019589308 154 6,500 SH Sole 6,500
Allmerica Financial Corp COM 019754100 16,060 277,500 SH Sole 277,500
Alltel Corp COM 020039103 25,809 431,500 SH Sole 431,500
Alpharma Inc Class A COM 020813101 487 13,800 SH Sole 13,800
Altera Corp COM 021441100 14,062 231,000 SH Sole 231,000
Ambac Inc COM 023139108 1,854 30,800 SH Sole 30,800
American Eagle Outfitter COM 02553D108 1,899 28,500 SH Sole 28,500
American Intl Group Inc COM 026874107 2,616 27,075 SH Sole 27,075
American Mgmt Sys Inc COM 027352103 2,728 68,200 SH Sole 68,200
American Stores Co New COM 030096101 10,693 289,500 SH Sole 289,500
American Wtr Wks Inc COM 030411102 1,370 40,600 SH Sole 40,600
Amsouth Bancorporation COM 032165102 18,460 404,600 SH Sole 404,600
Anchor Gaming COM 033037102 152 2,700 SH Sole 2,700
Anntaylor Stores Corp COM 036115103 1,432 36,300 SH Sole 36,300
Applied Pwr Inc COM 038225108 2,246 59,900 SH Sole 59,900
Aradigm Corp. COM 038505103 178 14,261 SH Sole 14,261
Arrow Electronics Inc COM 042735100 742 27,800 SH Sole 27,800
Arvin Inds Inc COM 043339100 1,455 34,900 SH Sole 34,900
Aspect Development Inc COM 045234101 1,143 25,800 SH Sole 25,800
Atmos Energy Corp COM 049560105 161 5,000 SH Sole 5,000
Avis Rent a Car Inc COM 053790101 1,775 73,400 SH Sole 73,400
Avondale Inds Inc COM 054350103 235 8,100 SH Sole 8,100
BEC Energy COM 05538M101 840 20,400 SH Sole 20,400
Baker Hughes Inc COM 057224107 5,228 296,600 SH Sole 296,600
Banc One Corp COM 06423A103 1,075 21,060 SH Sole 21,060
Barnes Group Inc COM 067806109 167 5,700 SH Sole 5,700
Barr Labs Inc COM 068306109 91 1,900 SH Sole 1,900
Barrett Resources Corp COM 068480201 82 3,400 SH Sole 3,400
Bergen Brunswig Corp COM 083739102 7,139 204,700 SH Sole 204,700
Berkshire Hathaway Inc D COM 084670108 2,100 30 SH Sole 30
Best Buy Company COM 086516101 6,794 110,700 SH Sole 110,700
Bindley Westn Inds Inc COM 090324104 1,789 36,334 SH Sole 36,334
Bio Rad Labs Inc COM 090572207 15 700 SH Sole 700
Biogen Inc COM 090597105 656 7,900 SH Sole 7,900
Biomatrix Inc COM 09060P102 1,008 17,300 SH Sole 17,300
Black Hills Corp COM 092113109 58 2,200 SH Sole 2,200
Borg-Warner Automotive I COM 099724106 78 1,400 SH Sole 1,400
Brinker International In COM 109641100 1,611 55,800 SH Sole 55,800
Bristol Myers Squibb Co COM 110122108 20,754 155,100 SH Sole 155,100
Broadvision, Inc. COM 111412102 252 7,866 SH Sole 7,866
Buckle Inc COM 118440106 1,718 71,600 SH Sole 71,600
C&D Technologies Inc. - COM 124661109 568 20,700 SH Sole 20,700
CEC Entertainment Inc. COM 125137109 53 1,900 SH Sole 1,900
CKE Restaurants Inc COM 12561E105 457 15,510 SH Sole 15,510
CMG Information Services COM 125750109 160 1,500 SH Sole 1,500
CNB Bancshares Inc COM 126126101 49 1,060 SH Sole 1,060
CTS Corp COM 126501105 291 6,700 SH Sole 6,700
Cable Design Technologies COM 126924109 317 17,120 SH Sole 17,120
Cal Dive Int'l Inc COM 127914109 185 8,900 SH Sole 8,900
Canadaigua Brands Inc -C COM 137219200 931 16,100 SH Sole 16,100
Capital One Financial Co COM 14040H105 7,061 61,400 SH Sole 61,400
Carlisle Cos Inc COM 142339100 1,709 33,100 SH Sole 33,100
Cendant Corporation COM 151313103 5,116 264,900 SH Sole 264,900
Centex Construction Prod COM 15231R109 699 17,200 SH Sole 17,200
Centura Bks Inc COM 15640T100 2,343 31,500 SH Sole 31,500
Century Telephone Enterp COM 156686107 14,043 208,050 SH Sole 208,050
Champion Enterprises Inc COM 158496109 142 5,200 SH Sole 5,200
Chase Manhattan Corp COM 16161A108 8,953 126,100 SH Sole 126,100
Chs Electronics Inc COM 12542A206 97 5,700 SH Sole 5,700
Ciber Inc COM 17163B102 893 32,100 SH Sole 32,100
Cincinnati Bell Inc COM 171870108 4,953 131,000 SH Sole 131,000
Cisco Systems, Inc. COM 17275R102 1,476 15,908 SH Sole 15,908
Citigroup Inc COM 172967101 26,140 526,098 SH Sole 526,098
Citrix Sys Inc COM 177376100 281 2,900 SH Sole 2,900
City National Corp COM 178566105 27,560 662,100 SH Sole 662,100
Cleveland Cliffs Inc COM 185896107 363 9,000 SH Sole 9,000
Colgate Palmolive Co COM 194162103 4,690 50,500 SH Sole 50,500
Comdisco Inc COM 200336105 2,911 172,500 SH Sole 172,500
Commerce Bancorp Inc NJ COM 200519106 637 12,125 SH Sole 12,125
Commerce Bancshares Inc COM 200525103 644 15,158 SH Sole 15,158
Compaq COM 204493100 15,968 380,200 SH Sole 380,200
Computer Horizons Corp COM 205908106 953 35,800 SH Sole 35,800
Compuware Corp COM 205638109 375 4,800 SH Sole 4,800
Comverse Technology Inc COM 205862402 5,368 75,600 SH Sole 75,600
Connectiv Inc COM 206829103 59 2,400 SH Sole 2,400
Consolidated Graphics In COM 209341106 1,662 24,600 SH Sole 24,600
Continental Airls Inc - COM 210795308 214 6,400 SH Sole 6,400
Cooper Companies Inc COM 216648402 213 10,300 SH Sole 10,300
Cordant Technologies Inc COM 218412104 986 26,300 SH Sole 26,300
Corning Inc COM 219350105 7,083 157,400 SH Sole 157,400
Cox Communications Inc N COM 224044107 7 100 SH Sole 100
D R Horton Inc COM 23331A109 1,569 68,200 SH Sole 68,200
DPL Inc COM 233293109 1,137 52,600 SH Sole 52,600
Dayton Hudson Corp COM 239753106 29,615 545,900 SH Sole 545,900
Dendrite Int'l Inc COM 248239105 35 1,400 SH Sole 1,400
Department 56 Inc COM 249509100 282 7,500 SH Sole 7,500
Devon Energy Corp COM 251799102 411 13,400 SH Sole 13,400
Dial Corp COM 25247D101 306 10,600 SH Sole 10,600
Diebold Inc COM 253651103 4,393 123,100 SH Sole 123,100
Dime Bancorp Inc COM 25429Q102 3,594 136,900 SH Sole 136,900
Downey Finl Corp COM 261018105 310 12,200 SH Sole 12,200
Ducommun Inc Del COM 264147109 227 16,450 SH Sole 16,450
Dycom Industries Inc COM 267475101 1,217 21,300 SH Sole 21,300
Earthgrains Co COM 270319106 730 23,600 SH Sole 23,600
Eastern Environmental Se COM 276369105 225 7,600 SH Sole 7,600
Edwards AG Inc COM 281760108 1,605 43,100 SH Sole 43,100
El Paso Natural Gas COM 283905107 1,076 30,900 SH Sole 30,900
Electronic Arts Inc COM 285512109 455 8,100 SH Sole 8,100
Energy East Corp COM 29266M109 4,627 81,900 SH Sole 81,900
Ensco International Inc COM 26874Q100 3,305 309,200 SH Sole 309,200
Equitable Cos Inc COM 29444G107 19,689 340,200 SH Sole 340,200
FBL Financial Group Inc COM 30239F106 281 11,600 SH Sole 11,600
Family Dollar Stores COM 307000109 134 6,100 SH Sole 6,100
Federal Home Ln Mtg Corp COM 313400301 23,874 370,500 SH Sole 370,500
Federal Mogul Corp COM 313549107 190 3,200 SH Sole 3,200
Fidelity National Finl I COM 316326107 6,523 213,880 SH Sole 213,880
Financial Security Assur COM 31769P100 2,740 50,500 SH Sole 50,500
Finova Group Inc COM 317928109 129 2,400 SH Sole 2,400
First Amern Finl Corp COM 318522307 5,781 179,950 SH Sole 179,950
First Citizens Bancshare COM 31946M103 36 400 SH Sole 400
FirstFed Financial Corp. COM 337907109 1,484 83,000 SH Sole 83,000
Firstplus Finl Group Inc COM 33763B103 23 8,400 SH Sole 8,400
Fleming Cos Inc COM 339130106 387 37,300 SH Sole 37,300
Florida Progress Corp COM 341109106 1,416 31,600 SH Sole 31,600
Foodmaker Inc New COM 344839204 2,447 110,900 SH Sole 110,900
Fossil Inc COM 349882100 621 21,600 SH Sole 21,600
Furniture Brands Intl In COM 360921100 125 4,600 SH Sole 4,600
GATX Corp COM 361448103 576 15,200 SH Sole 15,200
Gardner Denver Machy Inc COM 365558105 1,094 74,200 SH Sole 74,200
General Cable Corp COM 369300108 1,019 49,700 SH Sole 49,700
General Dynamics Corp COM 369550108 1,322 22,400 SH Sole 22,400
Genesys Telecom Labs Inc COM 371931106 808 36,300 SH Sole 36,300
Gleason Corp COM 377339106 239 13,200 SH Sole 13,200
Graco Inc COM 384109104 195 6,600 SH Sole 6,600
Granite Construction Inc COM 387328107 1,683 50,150 SH Sole 50,150
Greenpoint Finl Corp COM 395384100 773 22,000 SH Sole 22,000
Guidant Corp COM 401698105 11,484 104,400 SH Sole 104,400
Gulfstream Aerospace Cor COM 402734107 4,713 88,500 SH Sole 88,500
Hanger Orthopedic Group COM 41043F208 115 5,100 SH Sole 5,100
Harley Davidson Inc COM 412822108 171 3,600 SH Sole 3,600
Harte-Hanks Inc COM 416196103 447 15,700 SH Sole 15,700
Hartford Life - Class A COM 416592103 2,248 38,600 SH Sole 38,600
Harveys Casino Resorts COM 417826104 238 8,600 SH Sole 8,600
Heinz H J Co COM 423074103 5,453 96,300 SH Sole 96,300
Henry (Jack) & Associate COM 426281101 80 1,600 SH Sole 1,600
Hertz Corp - Class A COM 428040109 10,553 231,300 SH Sole 231,300
Hewlett Packard COM 428236103 125 1,830 SH Sole 1,830
Hillenbrand Inds Inc COM 431573104 466 8,200 SH Sole 8,200
Houghton Mifflin Co COM 441560109 213 4,500 SH Sole 4,500
Houston Exploration Co COM 442120101 185 9,300 SH Sole 9,300
Huffy Corp COM 444356109 256 15,500 SH Sole 15,500
Hughes Supply Inc COM 444482103 18 600 SH Sole 600
Hutchinson Technology In COM 448407106 21 600 SH Sole 600
Hyperion Solutions Corp COM 44914M104 101 5,600 SH Sole 5,600
IBP Inc COM 449223106 4,573 157,000 SH Sole 157,000
IMRglobal Corp. COM 45321W106 492 16,700 SH Sole 16,700
IXC Communications COM 450713102 150 1,316 SH Sole 1,316
Imperial Bancorp COM 452556103 1,987 119,500 SH Sole 119,500
Ingram Micro Inc-CL A COM 457153104 117 3,300 SH Sole 3,300
Interpublic Group Compan COM 460690100 6,197 77,700 SH Sole 77,700
Interstate Bakeries Corp COM 46072H108 8,201 310,200 SH Sole 310,200
Intimate Brands Inc. COM 461156101 845 28,300 SH Sole 28,300
Ipalco Enterprises Inc COM 462613100 2,245 40,500 SH Sole 40,500
JLG Inds Inc COM 466210101 747 47,800 SH Sole 47,800
Jabil Circuit Inc COM 466313103 3,680 49,400 SH Sole 49,400
Jacor Communications Inc COM 469858401 6 100 SH Sole 100
Jefferies Group Inc COM 472318104 352 7,100 SH Sole 7,100
Jefferson-Pilot Corp COM 475070108 7,095 94,600 SH Sole 94,600
Johnson & Johnson COM 478160104 3,724 44,400 SH Sole 44,400
Jones Apparel Group Inc COM 480074103 1,767 80,100 SH Sole 80,100
Kansas City Southern Ind COM 485170104 14,874 302,400 SH Sole 302,400
Keane Inc COM 486665102 6,466 161,900 SH Sole 161,900
Keyspan Energy Corp COM 49337K106 533 17,200 SH Sole 17,200
Knight Ridder Inc COM 499040103 4,535 88,700 SH Sole 88,700
Knoll Inc COM 498904101 687 23,200 SH Sole 23,200
Kroger Co COM 501044101 8,301 137,200 SH Sole 137,200
La Z Boy Inc COM 505336107 1,799 101,000 SH Sole 101,000
Labor Ready Inc COM 505401208 112 5,700 SH Sole 5,700
Lafarge Corp COM 505862102 259 6,400 SH Sole 6,400
Landamerica Financial Gr COM 514936103 1,194 21,400 SH Sole 21,400
Lauder Estee Cos Inc COM 518439104 34 400 SH Sole 400
Lennar Corp COM 526057104 2,411 95,500 SH Sole 95,500
Lexmark Intl Group Inc - COM 529771107 6,462 64,300 SH Sole 64,300
Lincare Hldgs Inc COM 532791100 1,935 47,700 SH Sole 47,700
Linens 'N Things Inc COM 535679104 3,816 96,300 SH Sole 96,300
Longs Drug Stores Corp COM 543162101 5,655 150,800 SH Sole 150,800
Louisiana-Pacific Corpor COM 546347105 3,115 170,100 SH Sole 170,100
Lowes Companies Inc COM 548661107 9,147 178,700 SH Sole 178,700
M & T Bank Corporation COM 55261F104 341 658 SH Sole 658
M.S. Carriers Inc COM 553533100 201 6,100 SH Sole 6,100
MCN Energy Group Inc COM 55267J100 17 900 SH Sole 900
MDU Resources Group Inc COM 552690109 425 16,150 SH Sole 16,150
Mail-Well Inc. COM 560321200 515 45,000 SH Sole 45,000
Manitowoc Inc COM 563571108 515 11,600 SH Sole 11,600
Mariner Post Accute COM 56845J109 6 1,316 SH Sole 1,316
Martin Marietta Material COM 573284106 852 13,700 SH Sole 13,700
Maximus Inc COM 577933104 81 2,200 SH Sole 2,200
Maytag Corp COM 578592107 15,158 243,500 SH Sole 243,500
Mcgraw Hill Cos Inc COM 580645109 16,422 161,200 SH Sole 161,200
Mckesson HBOC Inc COM 58155Q103 20,936 264,800 SH Sole 264,800
Media Arts Group COM 58439C102 180 12,800 SH Sole 12,800
Medicis Pharmaceutical-C COM 584690309 36 600 SH Sole 600
Medimmune Inc COM 584699102 646 6,500 SH Sole 6,500
Medquist Inc COM 584949101 194 4,900 SH Sole 4,900
Megabios Corporation COM 58515T102 10 1,860 SH Sole 1,860
Mercantile Bankshares Co COM 587405101 662 17,200 SH Sole 17,200
Merck & Co COM 589331107 7,124 48,300 SH Sole 48,300
Merrill Lynch & Co COM 590188108 4,172 62,500 SH Sole 62,500
Metris Companies COM 591598107 262 5,200 SH Sole 5,200
Metzler Group Inc COM 592903108 964 19,800 SH Sole 19,800
Michael Foods Inc COM 594079105 2,244 74,800 SH Sole 74,800
Microsoft Corp COM 594918104 35,171 253,600 SH Sole 253,600
Midwest Express Hldgs In COM 597911106 1,120 42,550 SH Sole 42,550
Miller Herman Inc COM 600544100 513 19,100 SH Sole 19,100
Minnesot Power & Light C COM 604110106 1,175 26,700 SH Sole 26,700
Modine Manufacturing Co COM 607828100 44 1,200 SH Sole 1,200
Mohawk Inds Inc COM 608190104 4,816 114,500 SH Sole 114,500
Montana Power Co COM 612085100 888 15,700 SH Sole 15,700
Motivepower Industries I COM 61980K101 113 3,500 SH Sole 3,500
Myers Inds Inc COM 628464109 120 4,200 SH Sole 4,200
Mylan Laboratories COM 628530107 1,814 57,600 SH Sole 57,600
NL Industries COM 629156407 234 16,500 SH Sole 16,500
NVR Inc COM 62944T105 1,206 25,300 SH Sole 25,300
National Data Corp COM 635621105 63 1,300 SH Sole 1,300
National Fuel Gas Co N J COM 636180101 41 900 SH Sole 900
National R.V. Holding In COM 637277104 296 11,500 SH Sole 11,500
Natl Commerce Bancorpora COM 635449101 1,940 103,100 SH Sole 103,100
Navistar Intl Corp New COM 63934E108 7,635 267,900 SH Sole 267,900
Neomagic Corp COM 640497103 783 35,400 SH Sole 35,400
Network Appliance Inc COM 64120L104 1,488 33,200 SH Sole 33,200
Network Solutions Inc Cl COM 64121Q102 65 500 SH Sole 500
New Era of Networks COM 644312100 1,597 36,300 SH Sole 36,300
Nipsco Inds Inc COM 629140104 1,482 48,700 SH Sole 48,700
North Fork Bancorporatio COM 659424105 3,848 160,762 SH Sole 160,762
Novoste Corporation COM 67010C100 506 17,821 SH Sole 17,821
Office Depot Inc COM 676220106 10,437 281,600 SH Sole 281,600
Oge Energy Corp COM 670837103 1,717 59,200 SH Sole 59,200
Old Kent Fin Corp COM 679833103 1,665 35,800 SH Sole 35,800
Omnicare Inc COM 681904108 789 22,700 SH Sole 22,700
Owens Corning Fiberglass COM 69073F103 7,995 225,600 SH Sole 225,600
Pacific Sunwear of Calif COM 694873100 165 10,100 SH Sole 10,100
Pacificare Health Sys In COM 695112201 3,252 40,900 SH Sole 40,900
Paine Webber Group Inc COM 695629105 15,232 394,350 SH Sole 394,350
Pediatrix Med Group COM 705324101 977 16,300 SH Sole 16,300
PennzEnergy Co COM 70931Q109 2,088 128,000 SH Sole 128,000
PennzEnergy Co. COM 709323109 1,888 128,000 SH Sole 128,000
Pentair Inc COM 709631105 908 22,800 SH Sole 22,800
PeopleSoft COM 712713106 35 1,866 SH Sole 1,866
Perkin Elmer Corp COM 714041100 11,064 113,400 SH Sole 113,400
Personnel Group Amer Inc COM 715338109 1,444 82,500 SH Sole 82,500
Pharmacia & Upjohn Inc COM 716941109 20,538 362,700 SH Sole 362,700
Philadelphia Suburban Co COM 718009608 166 5,600 SH Sole 5,600
Pinnacle West Cap Corp COM 723484101 178 4,200 SH Sole 4,200
Pitney Bowes Inc COM 724479100 6,732 101,900 SH Sole 101,900
Pixar Inc COM 725811103 242 6,900 SH Sole 6,900
Pool Energy Svcs Co COM 732788104 43 4,000 SH Sole 4,000
Popular Inc COM 733174106 418 12,300 SH Sole 12,300
Precision Castparts Corp COM 740189105 504 11,400 SH Sole 11,400
Presidential Life Corp COM 740884101 1,026 51,600 SH Sole 51,600
Price T Rowe & Assoc COM 741477103 4,562 133,200 SH Sole 133,200
Progress Software Corp COM 743312100 835 24,750 SH Sole 24,750
Providian Financial Corp COM 74406A102 29,854 398,050 SH Sole 398,050
Qlogic Corp COM 747277101 5,275 40,300 SH Sole 40,300
Quaker Oats Co COM 747402105 12,322 207,100 SH Sole 207,100
Quanex Corp COM 747620102 47 2,100 SH Sole 2,100
Ralcorp Hldgs Inc New COM 751028101 27 1,500 SH Sole 1,500
Ralston Purina Co COM 751277302 4,134 128,700 SH Sole 128,700
Rambus COM 750917106 1,178 12,239 SH Sole 12,239
Rational Software COM 75409P202 271 10,227 SH Sole 10,227
Resource America Inc - C COM 761195205 164 18,100 SH Sole 18,100
Robert Half Intl Inc COM 770323103 4,926 110,700 SH Sole 110,700
Russ Berrie & Co Inc COM 782233100 209 8,900 SH Sole 8,900
S&P 500 Depository Recei COM 78462F103 33,331 270,300 SH Sole 270,300
SEACOR SMIT Inc. COM 811904101 964 19,500 SH Sole 19,500
SPS Technologies Inc COM 784626103 561 9,900 SH Sole 9,900
Sabre Group Holdings Inc COM 785905100 1,615 36,300 SH Sole 36,300
Sanmina Corp COM 800907107 5,938 95,000 SH Sole 95,000
Schering Plough Corp COM 806605101 21,106 382,000 SH Sole 382,000
Sei Corp COM 784117103 298 3,000 SH Sole 3,000
Semtech Corp. COM 816850101 111 3,100 SH Sole 3,100
Serologicals Corp COM 817523103 9 300 SH Sole 300
Shaw Industries Inc COM 820286102 3,909 161,200 SH Sole 161,200
Siebel Systems Inc COM 826170102 4,721 139,100 SH Sole 139,100
Simpson Manufacturing Co COM 829073105 112 3,000 SH Sole 3,000
Smith A O COM 831865209 42 1,700 SH Sole 1,700
Solutia Inc. COM 834376105 667 29,800 SH Sole 29,800
Southdown Inc COM 841297104 4,646 78,500 SH Sole 78,500
Sovereign Bancorp Inc COM 845905108 4,875 342,100 SH Sole 342,100
Spartech Corp COM 847220209 301 13,700 SH Sole 13,700
Staffmark Inc COM 852389105 367 16,400 SH Sole 16,400
Standard Pacific Corp COM 85375C101 664 47,000 SH Sole 47,000
Sterling Software Inc COM 859547101 365 13,500 SH Sole 13,500
Stewart Information Svcs COM 860372101 2,453 42,300 SH Sole 42,300
Sun Microsystems Inc COM 866810104 4,084 47,700 SH Sole 47,700
Sundstrand Corp COM 867323107 384 7,400 SH Sole 7,400
Suntrust Bks Inc COM 867914103 2,066 27,000 SH Sole 27,000
Superior Telecom Inc COM 868365107 1,262 26,700 SH Sole 26,700
Supervalu Inc COM 868536103 4,740 169,300 SH Sole 169,300
Swift Transportation Co COM 870756103 289 10,300 SH Sole 10,300
Synopsys, Inc COM 871607107 49 906 SH Sole 906
T R Financial Corp COM 872630108 130 3,300 SH Sole 3,300
Tekelec COM 879101103 118 7,100 SH Sole 7,100
Tele-Communications COM 87924V101 16,986 307,100 SH Sole 307,100
Tellabs Inc COM 879664100 4,779 69,700 SH Sole 69,700
Terex Corp New COM 880779103 1,959 68,600 SH Sole 68,600
Tesoro Petroleum Corpora COM 881609101 604 49,800 SH Sole 49,800
Texas Inds Inc COM 882491103 143 5,300 SH Sole 5,300
Texas Instruments Inc COM 882508104 5,651 66,000 SH Sole 66,000
The McClatchy Company COM 579489105 991 28,000 SH Sole 28,000
Tidewater Inc COM 886423102 1,730 74,600 SH Sole 74,600
Tjx Cos Inc New COM 872540109 5,713 197,000 SH Sole 197,000
Total Renal Care Hldgs I COM 89151A107 1,623 54,900 SH Sole 54,900
Tower Automotive Inc COM 891707101 651 26,100 SH Sole 26,100
Trans World Entertainmen COM 89336Q100 61 3,200 SH Sole 3,200
Transamerica Corporation COM 893485102 4,424 38,300 SH Sole 38,300
Tredegar Inds Inc COM 894650100 770 34,200 SH Sole 34,200
Tribune Co New COM 896047107 4,475 67,800 SH Sole 67,800
Trigon Healthcare Inc COM 89618L100 1,119 30,000 SH Sole 30,000
Trinity Inds Inc Del COM 896522109 65 1,700 SH Sole 1,700
U.S. Foodservice COM 90331R101 167 3,400 SH Sole 3,400
U.S. Trust Corp COM 91288L105 190 2,500 SH Sole 2,500
UAL Corp COM 902549500 448 7,500 SH Sole 7,500
US West Communications G COM 91273H101 15,206 235,300 SH Sole 235,300
USFreightways Corp COM 916906100 189 6,500 SH Sole 6,500
USG Corp COM 903293405 1,681 33,000 SH Sole 33,000
Unify Corp COM 904743101 90 10,381 SH Sole 10,381
Unisys Corp. COM 909214108 4,139 120,200 SH Sole 120,200
United Natural Foods Inc COM 911163103 133 5,500 SH Sole 5,500
United Technologies Corp COM 913017109 21,402 196,800 SH Sole 196,800
Universal Corp Va COM 913456109 889 25,300 SH Sole 25,300
Utilicorp United Inc COM 918005109 1,346 36,700 SH Sole 36,700
Valassis Communications COM 918866104 986 19,100 SH Sole 19,100
Valley Natl Bancorp COM 919794107 872 30,950 SH Sole 30,950
Varlen Corp COM 922248109 110 4,750 SH Sole 4,750
Vastar Res Inc COM 922380100 782 18,100 SH Sole 18,100
Veritas DGC Inc COM 92343P107 365 28,100 SH Sole 28,100
Veritas Software Co COM 923436109 30 500 SH Sole 500
Viad Corp. COM 92552R109 6,640 218,600 SH Sole 218,600
ViroPharma COM 928241108 64 6,853 SH Sole 6,853
Visioneer Corp COM 92830V104 4 3,049 SH Sole 3,049
Visx Inc COM 92844S105 2,212 25,300 SH Sole 25,300
Vivid Technologies COM 928538107 120 19,821 SH Sole 19,821
Vulcan Materials Co COM 929160109 4,302 32,700 SH Sole 32,700
Washington Post Co COM 939640108 8,149 14,100 SH Sole 14,100
Waste Management Inc COM 94106L109 12,729 273,000 SH Sole 273,000
Waters Corp COM 941848103 5,122 58,700 SH Sole 58,700
Wellpoint Health Network COM 94973H108 461 5,300 SH Sole 5,300
Western Resources Inc. COM 959425109 106 3,200 SH Sole 3,200
Westpoint Stevens Inc COM 961238102 432 13,700 SH Sole 13,700
Whole Foods Mkt Inc COM 966837106 10 200 SH Sole 200
Wind River Systems Inc COM 973149107 686 14,600 SH Sole 14,600
Wynns Intl Inc COM 983195108 1,644 74,300 SH Sole 74,300
Xircom Inc COM 983922105 1,615 47,500 SH Sole 47,500
Xomed Surgical Products COM 98412V107 77 2,400 SH Sole 2,400
Yahoo Inc COM 984332106 261 1,100 SH Sole 1,100
York Intl Corp COM 986670107 1,175 28,800 SH Sole 28,800
TOTALS 1,182,838 24,724,839
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</TABLE>
