CARILLON ADVISERS INC/OH
13F-HR, 1999-11-12
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                     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:              Carillon Advisers, Inc.
Address:           1876 Waycross Road
                   Cincinnati, OH 45240

13F File Number:   28-6180

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:           Thomas G. Knipper
Title:          Treasurer
Phone:          (513) 595-2833
Signature, Place, and Date of Signing

/s/ Thomas G. Knipper    Cincinnati, Ohio   November 11, 1999

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>

                    FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers             0

Form 13F Information Table Entry Total:       321

Form 13F Information Table Value Total:       $392,020,324


List of Other Included Managers:     None

<PAGE><TABLE>
<CAPTION>
                                    TITLE               VALUE    SHARES/  SH/ PUT/ INVSTMT            ---VOTING AUTHORITY----
NAME OF ISSUER                    -OF CLASS- --CUSIP-- (X$1000)  PRN AMT  PRN CALL DSCRETN -MANAGERS-     SOLE   SHARED  NONE
<S>                               <C>        <C>       <C>       <C>      <C> <C>  <C>      <C>           <C>    <C>     <C>

ADC TELECOMMUNICATIONS INC        COM        000886101   239       5700   SH       DEFINED                 0       5700     0
AFLAC CORPORATION                 COM        001055102   272       6500   SH       DEFINED                 0       6500     0
AES CORP                          COM        00130H105   277       4700   SH       DEFINED                 0       4700     0
AMR CORP                          COM        001765106   201       3700   SH       DEFINED                 0       3700     0
AMERICAN TELEPHONE AND TELEGRA    COM        001957109  3375      77589   SH       DEFINED                 0      77589     0
ABBOTT LABS                       COM        002824100  1359      37000   SH       DEFINED                 0      37000     0
ALBERTSON'S INC                   COM        013104104   403      10202   SH       DEFINED                 0      10202     0
ALCOA INC                         COM        013817101   558       9000   SH       DEFINED                 0       9000     0
ALLEGHENY TELEDYNE INC            COM        017415100    79       4700   SH       DEFINED                 0       4700     0
ALLIED SIGNAL INC.                COM        019512102   809      13500   SH       DEFINED                 0      13500     0
ALLSTATE CORP                     COM        020002101   488      19600   SH       DEFINED                 0      19600     0
ALLTELL CORP                      COM        020039103   527       7500   SH       DEFINED                 0       7500     0
ALZA CORP CLASS A                 COM        022615108   107       2500   SH       DEFINED                 0       2500     0
AMERICAN ONLINE INC               COM        02364J104  2756      26500   SH       DEFINED                 0      26500     0
AMERICA WEST HOLDING CORP CL-B    COM        023657208  2164     125000   SH       DEFINED                 0     125000     0
AMERICAN EXPRESS COMP             COM        025816109  1480      11000   SH       DEFINED                 0      11000     0
AMERICAN GENERAL CORP             COM        026351106   385       6100   SH       DEFINED                 0       6100     0
AMER HOME PRODUCTS CORP           COM        026609107  1323      31900   SH       DEFINED                 0      31900     0
AMERICAN INTERNATIONAL GROUP      COM        026874107  3283      37772   SH       DEFINED                 0      37772     0
AMERITECH CORPORATION             COM        030954101  1800      26800   SH       DEFINED                 0      26800     0
AMGEN                             COM        031162100  1018      12500   SH       DEFINED                 0      12500     0
AMRESCO INC                       COM        031909104   300     100000   SH       DEFINED                 0     100000     0
ANCHOR GAMING                     COM        033037102  2766      46500   SH       DEFINED                 0      46500     0
ANDREW CORP                       COM        034425108  2156     124100   SH       DEFINED                 0     124100     0
ANHEUSER-BUSCH COMPANIES INC      COM        035229103   812      11600   SH       DEFINED                 0      11600     0
APPLE COMPUTER INC                COM        037833100   246       3900   SH       DEFINED                 0       3900     0
APPLIED MATERIALS INC             COM        038222105   706       9100   SH       DEFINED                 0       9100     0
ARCHER-DANIELS-MIDLAND COMP       COM        039483102   183      15081   SH       DEFINED                 0      15081     0
ASSOCIATES FIRST CAPITAL CORP     COM        046008108   640      17800   SH       DEFINED                 0      17800     0
ATLANTIC RICHFIELD                COM        048825103   691       7800   SH       DEFINED                 0       7800     0
AUTOMATIC DATA PROCESSING 1NC     COM        053015103   673      15100   SH       DEFINED                 0      15100     0
AVISTA CORP                       COM        05379B107  1914     109000   SH       DEFINED                 0     109000     0
BB&T CORPORATION                  COM        054937107   249       7700   SH       DEFINED                 0       7700     0
BMC SOFTWARE INC.                 COM        055921100   415       5800   SH       DEFINED                 0       5800     0
BAKER HUGHES INC                  COM        057224107   231       7990   SH       DEFINED                 0       7990     0
BANK OF AMERICA CORP              COM        060505104  2364      42452   SH       DEFINED                 0      42452     0
BANK OF NEW YORK                  COM        064057102   618      18500   SH       DEFINED                 0      18500     0
BANC ONE CORP                     COM        06423A103  1000      28746   SH       DEFINED                 0      28746     0
BANKBOSTON CORPORATION            COM        06605R106   329       7600   SH       DEFINED                 0       7600     0
BARRICK GOLD CORP                 COM        067901108   208       9600   SH       DEFINED                 0       9600     0
BASIN EXPLORATION INC             COM        070107107  3936     164000   SH       DEFINED                 0     164000     0
BASHTER INTERNATIONAL INC         COM        071813109   433       7200   SH       DEFINED                 0       7200     0
BELL ATLANTIC                     COM        077853109  2544      37800   SH       DEFINED                 0      37800     0
BELL SOUTH CORP                   COM        079860102  2074      46100   SH       DEFINED                 0      46100     0
BEST BUY CO INC                   COM        086516101   310       5000   SH       DEFINED                 0       5000     0
BESTFOODS                         COM        08658U101   329       6800   SH       DEFINED                 0       6800     0
BOEING                            COM        097023105  1010      23700   SH       DEFINED                 0      23700     0
BOSTON SCIENTIFIC CORP            COM        101137107   239       9700   SH       DEFINED                 0       9700     0
BR1STOL-MEYER/SQU1BB              COM        110122108  3267      48400   SH       DEFINED                 0      48400     0
BURLINGTON NRTHRN SANTA FE CO     COM        12189T104   316      11500   SH       DEFINED                 0      11500     0
CBS INC                           COM        12490K107   804      17400   SH       DEFINED                 0      17400     0
CIGNA CORP CI                     COM        125509109   388       5000   SH       DEFINED                 0       5000     0
CSX CORP                          COM        126408103   224       5300   SH       DEFINED                 0       5300     0
CTS CORP                          COM        126501105   575      10000   SH       DEFINED                 0      10000     0
CVS CORPORATION                   COM        126650100   391       9600   SH       DEFINED                 0       9600     0
CABOT OIL & GAS CORP              COM        127097103  1466      85000   SH       DEFINED                 0      85000     0
CAMPBELL SOUP                     COM        134429109   418      10700   SH       DEFINED                 0      10700     0
CARBIDE GRAPHITE GROUP            COM        140777103   698      81000   SH       DEFINED                 0      81000     0
CARDINAL HEALTH INC.              COM        14149Y108   359       6600   SH       DEFINED                 0       6600     0
CARNIVAL CORPORATION              COM        143658102   652      15000   SH       DEFINED                 0      15000     0
CATERPILLAR INC                   COM        149123101   471       8600   SH       DEFINED                 0       8600     0
CENDALT CORPORATION               COM        151313103   310      17500   SH       DEFINED                 0      17500     0
CHARTER ONE FINANCIAL INC         COM        160903100  3549     153475   SH       DEFINED                 0     153475     0
CHASE MANHATTAN                   COM        16161A108  1545      20500   SH       DEFINED                 0      20500     0
CHEVRON CORP                      COM        166751107  1420      16000   SH       DEFINED                 0      16000     0
CHICAGO TITLE CORP WI             COM        168228104  1569      39300   SH       DEFINED                 0      39300     0
CHUBB CORP                        COM        171232101   214       4300   SH       DEFINED                 0       4300     0
CIRCUIT CITY STORES INC           COM        172737108   206       4900   SH       DEFINED                 0       4900     0
CISCO SYSTEMS INC                 COM        17275R102  5526      80600   SH       DEFINED                 0      80600     0
CITIGROUP INC                     C0M        172967101  3627      82450   SH       DEFINED                 0      82450     0
CLEAR CHANNEL COMMUNICATIONS      COM        184502102   646       8100   SH       DEFINED                 0       8100     0
CLOROX                            COM        189054109   218       5700   SH       DEFINED                 0       5700     0
COASTAL CORP                      COM        190441105   212       5200   SH       DEFINED                 0       5200     0
COCA-COLA CO                      COM        191216100  2893      60200   SH       DEFINED                 0      60200     0
COCA-COLA ENTERPRISES             COM        191219104   234      10400   SH       DEFINED                 0      10400     0
COLGATE PALMOLIVE CO              COM        194162103   649      14200   SH       DEFINED                 0      14200     0
COLUMBIA ENERGY GROUP             COM        197648108   110       2000   SH       DEFINED                 0       2000     0
COLUMBIA/HCA HEALTHCARE CORP      COM        197677107   294      13900   SH       DEFINED                 0      13900     0
COMAIR HOLDINGS INC               COM        199789108  2146     128600   SH       DEFINED                 0     128600     0
COMCAST CORP CL A SPECIAL         COM        200300200   721      18100   SH       DEFINED                 0      18100     0
COMPAQ COMPUTERS CORP             COM        204493100   951      41500   SH       DEFINED                 0      41500     0
COMPUTER ASSOCIATES               COM        204912109   802      13100   SH       DEFINED                 0      13100     0
COMPUTER SCIENCES                 COM        205363104   274       3900   SH       DEFINED                 0       3900     0
COMPUWARE CORPORATION             COM        205638109   231       8900   SH       DEFINED                 0       8900     0
COMSTOCK RESOURCES INC            COM        205768203    41      10000   SH       DEFINED                 0      10000     0
CONAGRA INC                       COM        205887102   270      12000   SH       DEFINED                 0      12000     0
CONOCO INC CLASS B                COM        208251405   952      34801   SH       DEFINED                 0      34801     0
CONSOLIDATED EDISON INC           COM        209115104   232       5600   SH       DEFINED                 0       5600     0
CONVERGYS CORP                    COM        212485106  2427     122500   SH       DEFINED                 0     122500     0
CORNING CORP                      COM        219350105   404       5900   SH       DEFINED                 0       5900     0
CORVEL CORP                       COM        221006109  2860     130000   SH       DEFINED                 0     130000     0
COSTCO WHOLESALE CORPORATION      COM        22160K105   381       5300   SH       DEFINED                 0       5300     0
CYBEX CORPORATION                 COM        232522102  2670      80000   SH       DEFINED                 0      80000     0
CYTEC IND                         COM        232820100  1816      75700   SH       DEFINED                 0      75700     0
D.R. HORTON INC                   COM        23331A109  2781     215000   SH       DEFINED                 0     215000     0
DAYTON HUDSON CORP                COM        239753106   648      10800   SH       DEFINED                 0      10800     0
DE BEERS CONS MINES ADR           COM        240253302  3645     135000   SH       DEFINED                 0     135000     0
DEERE & CO                        COM        244199105   220       5700   SH       DEFINED                 0       5700     0
DELL COMPUTER CORP                COM        247025109  2584      61800   SH       DEFINED                 0      61800     0
DELPHI AUTOMOTIVE SYSTEMS         COM        247126105   220      13707   SH       DEFINED                 0      13707     0
DIAMONDS TRUST SERIES 1           COM        252787106  4227      40800   SH       DEFINED                 0      40800     0
WALT DISNEY CO                    COM        254687106  1298      50200   SH       DEFINED                 0      50200     0
DOMINION RESOURCES                COM        257470104   212       4700   SH       DEFINED                 0       4700     0
DOVER CO                          COM        260003108   212       5200   SH       DEFINED                 0       5200     0
DOW CHEMICAL                      COM        260543103   602       5300   SH       DEFINED                 0       5300     0
DUPONT DE NEMOURS & CO            COM        263534109  1032      16966   SH       DEFINED                 0      16966     0
DUFF & PHELPS CREDIT RATING CO    COM        26432F109  3565      44600   SH       DEFINED                 0      44600     0
DUKE POWER                        COM        264399106   490       8900   SH       DEFINED                 0       8900     0
ECI TELECOMMUNICATIONS ORD        COM        268258100   246      10000   SH       DEFINED                 0      10000     0
EMC CORP MASSACHUSETTS            COM        268648102  1764      24700   SH       DEFINED                 0      24700     0
EASTMAN KODAK                     COM        277461109   588       7800   SH       DEFINED                 0       7800     0
EDISON INTERNATIONAL              COM        281020107   206       8500   SH       DEFINED                 0       8500     0
ELECTRONIC DATA SYSTEMS CORP      COM        285661104   638      12054   SH       DEFINED                 0      12054     0
EMERSON ELECTRIC CO               COM        291011104   669      10600   SH       DEFINED                 0      10600     0
ENRON                             COM        293561106   713      17300   SH       DEFINED                 0      17300     0
EXON CORP                         COM        302290101  4495      59200   SH       DEFINED                 0      59200     0
FPL GROUP INC                     COM        302571104   221       4400   SH       DEFINED                 0       4400     0
FAHNESTOCK VINER HLDGS CL-A       COM        302921101  2231     150000   SH       DEFINED                 0     150000     0
FDSH CORPORATION                  COM        31304N107   282       7300   SH       DEFINED                 0       7300     0
FED HOME LOAN MTG CORP            COM        313400301   878      16900   SH       DEFINED                 0      16900     0
FANNIE MAE                        COM        313586109  1567      25000   SH       DEFINED                 0      25000     0
FEDERATED DEPT STORES (NEW)       COM        31410H101   222       5100   SH       DEFINED                 0       5100     0
FELCOR LODGING TRUST INC          COM        31430F101  1750     100000   SH       DEFINED                 0     100000     0
FIBERMARK INC.                    COM        315646109  1466     115000   SH       DEFINED                 0     115000     0
FIFTH THIRD BANCORP               COM        316773100   401       6600   SH       DEFINED                 0       6600     0
FIRST DATA                        COM        319963104   465      10600   SH       DEFINED                 0      10600     0
FIRST UNION CORP                  COM        337358105   839      23600   SH       DEFINED                 0      23600     0
FIRSTAR CORP (NEW)                COM        33763V109   619      24178   SH       DEFINED                 0      24178     0
FLEET FINANCIAL GROUP INC.        COM        338915101   509      13900   SH       DEFINED                 0      13900     0
FORD MOTOR CO                     COM        345370100  1480      29500   SH       DEFINED                 0      29500     0
GTE CORP                          COM        362320103  1829      23800   SH       DEFINED                 0      23800     0
GABLES RESIDENTIAL TRUST          COM        362418105  1800      75000   SH       DEFINED                 0      75000     0
GANNETT CO INC                    COM        364730101   470       6800   SH       DEFINED                 0       6800     0
GAP INC                           COM        364760108   668      20875   SH       DEFINED                 0      20875     0
GATEWAY INC                       COM        367626108   342       7700   SH       DEFINED                 0       7700     0
GENERAL DYNAMICS CORP             COM        369550108   380       6100   SH       DEFINED                 0       6100     0
GENERAL ELECTRIC                  COM        369604103  9698      81800   SH       DEFINED                 0      81800     0
GENERAL INSTRUMENT CORP           COM        370120107   202       4200   SH       DEFINED                 0       4200     0
GENERAL MILLS                     COM        370334104   308       3800   SH       DEFINED                 0       3800     0
GENERAL MOTORS CORP               COM        370442105   994      15800   SH       DEFINED                 0      15800     0
GIANT CEMENT HOLDING INC          COM        374450104  1997      87100   SH       DEFINED                 0      87100     0
GILLETTE CO                       COM        375766102   916      27000   SH       DEFINED                 0      27000     0
GOLDEN STATE BANCORP              COM        381197102  1937     108000   SH       DEFINED                 0     108000     0
GUIDANT CORP                      COM        401698105   396       7400   SH       DEFINED                 0       7400     0
HALLIBURTON CO                    COM        406216101   442      10800   SH       DEFINED                 0      10800     0
HAMILTON BANCORP INC              COM        407013101  1062      50000   SH       DEFINED                 0      50000     0
HARTFORD FINANCIAL SERVICE        COM        416515104   228       5600   SH       DEFINED                 0       5600     0
HEALTHSOUTH CORPORATION           COM        421924101    61      10200   SH       DEFINED                 0      10200     0
HEALTH MGMT. ASSOC. CL.A          COM        421933102  1137     154200   SH       DEFINED                 0     154200     0
H J HEINZ CO                      COM        423074103   374       8700   SH       DEFINED                 0       8700     0
HEWLETT-PACKARD CO                COM        428236103  2603      28300   SH       DEFINED                 0      28300     0
HOME DEPOT                        COM        437076102  2477      36100   SH       DEFINED                 0      36100     0
HONEYWELL                         COM        438506107   345       3100   SH       DEFINED                 0       3100     0
HOSPITALITY PROPERTIES TRUST      COM        44106M102  1323      60000   SH       DEFINED                 0      60000     0
HW SEHOLD INTERNATIONAL           COM        441815107   469      11700   SH       DEFINED                 0      11700     0
HOUSTON EXPLORATION CO            COM        442120101  2168     100000   SH       DEFINED                 0     100000     0
ILLINOIS TOOL WORKS               COM        452308109   454       6100   SH       DEFINED                 0       6100     0
INGERSOLL RAND CO                 COM        456866102   225       4100   SH       DEFINED                 0       4100     0
INTEL CORP                        COM        458140100  6011      80900   SH       DEFINED                 0      80900     0
INT'L BUSINESS MACHINES           COM        459200101  5364      44200   SH       DEFINED                 0      44200     0
1NTERNAT1ONAL PAPER               COM        460146103   485      10100   SH       DEFINED                 0      10100     0
INTERPUBLIC GRP COMPANIES INC     COM        460690100   279       6800   SH       DEFINED                 0       6800     0
INVACARE CORP                     COM        461203101  2288     117000   SH       DEFINED                 0     117000     0
INVESTMENT TECHNOLOGY GROUP       COM        46145Fl05  1720      74800   SH       DEFINED                 0      74800     0
JEFFERIES GROUP INC (NEW)         COM        472319102  1634      78300   SH       DEFINED                 0      78300     0
JOHNSON & JOHNSON CO              COM        478160104  3013      32800   SH       DEFINED                 0      32800     0
K MART                            COM        482584109   141      12100   SH       DEFINED                 0      12100      0
KELLOGG CO                        COM        487836108   370       9900   SH       DEFINED                 0       9900     0
KEYCORP                           COM        493267108   281      10900   SH       DEFINED                 0      10900     0
KIMBERLY CLARK                    COM        494368103   682      13000   SH       DEFINED                 0      13000     0
KOHLS DEPARTMENT STORES           COM        500255104   264       4000   SH       DEFINED                 0       4000     0
KROGER                            COM        501044101   443      20100   SH       DEFINED                 0      20100     0
LCA-VISION INC                    COM        501803209   132      25000   SH       DEFINED                 0      25000     0
LSI INDUSTRIES                    COM        50216C108  3177     138900   SH       DEFINED                 0     138900     0
LABORATORIO CHILE ADR             COM        50540H104  2693     156700   SH       DEFINED                 0     156700     0
LEXMARK INTL GROUP INC- CL A      COM        529771107   257       3200   SH       DEFINED                 0       3200     0
LILLY ELI & CO                    COM        532457108  1715      26800   SH       DEFINED                 0      26800     0
LOCKHEED MARTIN CORP              COM        539830109   317       9700   SH       DEFINED                 0       9700     0
LOWES COMPANIES                   COM        548661107   443       9100   SH       DEFINED                 0       9100     0
LUCENT TECHNOLOGIES               COM        549463107  4809      74130   SH       DEFINED                 0      74130     0
LUXOTTICA GROUP S.P.A.            COM        55068R202  3231     169500   SH       DEFINED                 0     169500     0
MBNA CORPORATION                  COM        55262L100   444      19500   SH       DEFINED                 0      19500     0
MCI WORLDCOM INC.                 COM        55268B106  3261      45373   SH       DEFINED                 0      45373     0
MARINE DRILLING CO INC            COM        568240204  3605     228000   SH       DEFINED                 0     228000     0
MARSH & MCLENNAN CO               COM        571748102   438       6400   SH       DEFINED                 0       6400     0
MASCO CO                          COM        574599106   263       8500   SH       DEFINED                 0       8500     0
MATTEL CS                         COM        577081102   191      10100   SH       DEFINED                 0      10100     0
MATTHEWS INTERNATIONAL CORP       COM        577128101   768      25500   SH       DEFINED                 0      25500     0
MAY DEPT STORES                   COM        577778103   300       8250   SH       DEFINED                 0       8250     0
MCDONALDS CORP                    COM        580135101  1423      33100   SH       DEFINED                 0      33100     0
MCGRAW HILL COS INC.              COM        580645109   232       4800   SH       DEFINED                 0       4800     0
MEDIAONE GROUP                    COM        58440J104  1011      14800   SH       DEFINED                 0      14800     0
MEDTRONIC INC                     COM        585055106  1033      29100   SH       DEFINED                 0      29100     0
MELLON BANK                       COM        585509102   428      12700   SH       DEFINED                 0      12700     0
MERCK & CO                        COM        589331107  4504      69500   SH       DEFINED                 0      69500     0
MERRILL LYNCH                     COM        590188108   604       9000   SH       DEFINED                 0       9000     0
MICROSOFT CORP                    COM        594918104 11265     124400   SH       DEFINED                 0     124400     0
MICRON TECHNOLOGY INC             COM        595112103   406       6100   SH       DEFINED                 0       6100     0
MID-AMERICA APARTMENT COMM        COM        59522J103  1505      70000   SH       DEFINED                 0      70000     0
MIDCAP SPDR TR UNIT SER 1         COM        595635103  7339     102200   SH       DEFINED                 0     102200     0
MIDWEST EXPRESS HOLDINGS          COM        597911106  1047      40000   SH       DEFINED                 0      40000     0
3M CO                             COM        604059105   941       9800   SH       DEFINED                 0       9800     0
MOBIL CORP                        COM        607059102  1924      19100   SH       DEFINED                 0      19100     0
MONSANTO CO                       COM        611662107   549      15400   SH       DEFINED                 0      15400     0
MORGAN (J.P.) & CO INC            COM        616880100   491       4300   SH       DEFINED                 0       4300     0
MORGAN STANLEY DEAN WITTER& CO    COM        617446448  1239      13900   SH       DEFINED                 0      13900     0
MOTOROLA INC                      COM        620076109  1293      14700   SH       DEFINED                 0      14700     0
MUELLER INDUSTRIES                COM        624756102  2918      98300   SH       DEFINED                 0      98300     0
NCI BUILDING SYSTEMS INC.         COM        628852105  2043     123400   SH       DEFINED                 0     123400     0
NASDAQ - 100 SHARES               COM        631100104  4393      36500   SH       DEFINED                 0      36500     0
NATIONAL CITY CORPORATION         COM        635405103   408      15300   SH       DEFINED                 0      15300     0
NATIONAL RV HOLDINGS INC          COM        637277104  2172     110000   SH       DEFINED                 0     110000     0
NEWFIELD EXPLORATION COMPANY      COM        651290108  2635      80000   SH       DEFINED                 0      80000     0
NEWARK HOMES CORP                 COM        651578106    70      10000   SH       DEFINED                 0      10000     0
NEXTEL COMMUNICATIONS INC-A       COM        65332V103   501       7400   SH       DEFINED                 0       7400     0
NIAGARA MOHAWK HOLDINGS INC       COM        653520106  2645     171400   SH       DEFINED                 0     171400     0
NIKE CLASS B                      COM        654106103   386       6800   SH       DEFINED                 0       6800     0
NORFOLK SOUTHERN CO               COM        655844108   227       9300   SH       DEFINED                 0       9300     0
NORTEL NETWORKS CORP              COM        656569100  1649      32340   SH       DEFINED                 0      32340     0
NORTHERN TRUST                    COM        665859104   225       2700   SH       DEFINED                 0       2700     0
OMNICOM GROUP                     COM        681919106   340       4300   SH       DEFINED                 0       4300     0
ORACLE SYSTEMS                    COM        68389S105  1597      35100   SH       DEFINED                 0      35100     0
PG & E CORPORATION                COM        69331C108   243       9400   SH       DEFINED                 0       9400     0
PE CORP-PE BIOSYSTEMS GROUP       COM        693325102   180       2500   SH       DEFINED                 0       2500     0
PNC FINANCIAL CORP                COM        693475105   389       7400   SH       DEFINED                 0       7400     0
PP &L RESOURCES INC               COM        693499105   105       3900   SH       DEFINED                 0       3900     0
PPG INDUSTRIES                    COM        693506107   252       4200   SH       DEFINED                 0       4200     0
PAYCHEX INC                       COM        704326107   206       6050   SH       DEFINED                 0       6050     0
PENNEY JC CO                      COM        708160106   223       6500   SH       DEFINED                 0       6500     0
PEOPLES HERITAGE FIN'L GROUP      COM        711147108  1662     100000   SH       DEFINED                 0     100000     0
PEPSICO INC                       COM        713448108  1089      36000   SH       DEFINED                 0      36000     0
PERFORMANCE TECHNOLOGIES INC      COM        71376K102  2524     111900   SH       DEFINED                 0     111900     0
PHARMACIA & UPJOHN INC            COM        716941109   615      12400   SH       DEFINED                 0      12400     0
PFIZER INC                        COM        717081103  3399      94600   SH       DEFINED                 0      94600     0
PHILIP MORRIS CO INC              COM        718154107  2010      58800   SH       DEFINED                 0      58800     0
PHILLIPS PETROLEUM CO             COM        718507106   302       6200   SH       DEFINED                 0       6200     0
PIONEER HI-BRED INTERNATIONAL     COM        723686101   230       5800   SH       DEFINED                 0       5800     0
PITNEY BOWES INC                  COM        724479100   402       6600   SH       DEFINED                 0       6600     0
PRIME RETAIL INC                  COM        741570105    88      12000   SH       DEFINED                 0      12000     0
PRIDE INTERNATIONAL INC           COM        741932107  2837     200000   SH       DEFINED                 0     200000     0
PROCTER & GAMBLE                  COM        742718109  3225      34400   SH       DEFINED                 0      34400     0
PROVIDIAN FINANCIAL CORP          COM        74406A102   277       3500   SH       DEFINED                 0       3500     0
PUBLIC SERVICE ENTERPRISES        COM        744573106   208       5400   SH       DEFINED                 0       5400     0
QUAKER OATS                       COM        747402105   204       3300   SH       DEFINED                 0       3300     0
QUALCOM INC                       COM        747525103   699       3700   SH       DEFINED                 0       3700     0
RALSTON-RALSTON PURINA GROUP      COM        751277302   219       7900   SH       DEFINED                 0       7900     0
RAYMOND JAMES FINANCIAL CORP      COM        754730109  2865     143725   SH       DEFINED                 0     143725     0
RAYTHEON CO - CLASS B             COM        755111408   406       8200   SH       DEFINED                 0       8200     0
ROCKWELL INTL CORP                COM        773903109   246       4700   SH       DEFINED                 0       4700     0
ROHM & HAAS CO                    COM        775371107   190       5284   SH       DEFINED                 0       5284     0
ROYAL DUTCH PETROLEUM ADR         COM        780257804  3083      52200   SH       DEFINED                 0      52200     0
SBC COMMUNICATIONS INC.           COM        78387G103  2440      47800   SH       DEFINED                 0      47800     0
S&P 500 DEPOSITARY RECEIPT        COM        78462F103  7538      58550   SH       DEFINED                 0      58550     0
SPSS INC                          COM        78462K102  2410     124000   SH       DEFINED                 0     124000     0
SAFEWAY INC                       COM        786514208   464      12200   SH       DEFINED                 0      12200     0
SARA LEE CORP                     COM        803111103   515      22000   SH       DEFINED                 0      22000     0
SAWTEK INC                        COM        805468105  1155      33000   SH       DEFINED                 0      33000     0
SCHERING PLOUGH CORP              COM        806605101  1566      35900   SH       DEFINED                 0      35900     0
SCHLOTZSKY'S INC                  COM        806832101  1256     154600   SH       DEFINED                 0     154600     0
SCHLUMBERGER                      COM        806857108   828      13300   SH       DEFINED                 0      13300     0
CHARLES SCHWAB CORP               COM        808513105   670      19900   SH       DEFINED                 0      19900     0
SCIENTIFIC GAMES HLDGS CORP       COM        808747109  2294     116200   SH       DEFINED                 0     116200     0
SEAGRAMS LTD                      COM        811850106   477      10500   SH       DEFINED                 0      10500     0
SEARS ROEBUCK & CO                COM        812387108   291       9300   SH       DEFINED                 0       9300     0
SOLECTRON CORP                    COM        834182107   473       6600   SH       DEFINED                 0       6600     0
SOUTHERN CO                       COM        842587107   440      17100   SH       DEFINED                 0      17100     0
SOUTHWEST AIRLINES CO.            COM        844741108   187      12350   SH       DEFINED                 0      12350     0
SPRINT CORPORATION COMMON         COM        852061100  1361      25100   SH       DEFINED                 0      25100     0
SPRINT PCS GROUP                  COM        852061506   801      10750   SH       DEFINED                 0      10750     0
STANLEY FURNITURE CO              COM        854305208  2866     135700   SH       DEFINED                 0     135700     0
STAPLES INC                       COM        855030102   249      11450   SH       DEFINED                 0      11450     0
STATE STREET CORP                 COM        857477103   258       4000   SH       DEFINED                 0       4000     0
STRATTEC SECURITY CORPORATION     COM        863111100  2562      73200   SH       DEFINED                 0      73200     0
SUN MICROSYSTEMS                  COM        866810104  1757      18900   SH       DEFINED                 0      18900     0
SUN TRUST BANKS INC.              COM        867914103   512       7800   SH       DEFINED                 0       7800     0
SUPERVALU INC.                    COM        868536103   245      11239   SH       DEFINED                 0      11239     0
SYSCO CORP                        COM        871829107   284       8100   SH       DEFINED                 0       8100     0
TJX COS INC                       COM        872540109   218       7800   SH       DEFINED                 0       7800     0
TANDY CORP                        COM        875382103   248       4800   SH       DEFINED                 0       4800     0
TELLABS INC                       COM        879664100   546       9600   SH       DEFINED                 0       9600     0
TEMPLE INLAND                     COM        879868107    72       1200   SH       DEFINED                 0       1200     0
TENET HEALTHCARE CORP             COM        88033G100   133       7600   SH       DEFINED                 0       7600     0
TEXACO                            COM        881694103   826      13100   SH       DEFINED                 0      13100     0
TEXAS INTRUMENTS                  COM        882508104  1570      19100   SH       DEFINED                 0      19100     0
TEXAS UTILITIES CO                COM        882848104   253       6800   SH       DEFINED                 0       6800     0
TEXTRON INC                       COM        883203101   278       3600   SH       DEFINED                 0       3600     0
3 COM CORPORATION                 COM        885535104   255       8900   SH       DEFINED                 0       8900     0
TIME WARNER INC                   COM        887315109  1786      29400   SH       DEFINED                 0      29400     0
TOLL BROS                         COM        889478103  2192     115000   SH       DEFINED                 0     115000     0
TRIBUNE CO                        COM        896047107   283       5700   SH       DEFINED                 0       5700     0
TYCO INTERNATIONAL LTD            COM        902124106  2134      20669   SH       DEFINED                 0      20669     0
UICI                              COM        902737105  2300      90000   SH       DEFINED                 0      90000     0
USSH-MARATHON                     COM        902905827   219       7500   SH       DEFINED                 0       7500     0
U.S. BANCORP                      COM        902973106   534      17700   SH       DEFINED                 0      17700     0
UNILEVER N V - W/I                COM        904784709   952      13988   SH       DEFINED                 0      13988     0
UNION PACIFIC CORP                COM        907818108   288       6000   SH       DEFINED                 0       6000     0
UNION PACIFIC RESOURCES GROUP     COM        907834105  2107     131200   SH       DEFINED                 0     131200     0
UNISYS CORP                       COM        909214108   315       7000   SH       DEFINED                 0       7000     0
UNITED HEALTHCARE CORP            COM        910581107   204       4200   SH       DEFINED                 0       4200     0
US WEST INC                       COM        91273H101   701      12300   SH       DEFINED                 0      12300     0
UNITED TECHNOLOGIES CORP          COM        913017109   693      11700   SH       DEFINED                 0      11700     0
UNOCAL CORP                       COM        915289102   218       5900   SH       DEFINED                 0       5900     0
UNUMPROVIDENT CORP                COM        91529Y106   169       5771   SH       DEFINED                 0       5771     0
VERITAS SOFTWARE CORPORATION      COM        923436109   212       2800   SH       DEFINED                 0       2800     0
VIACOM INC -CL B                  COM        925524308   709      16800   SH       DEFINED                 0      16800     0
WACHOVIA CORP                     COM        929771103   393       5000   SH       DEFINED                 0       5000     0
WAL-MART STORES INC               COM        931142103  5155     108400   SH       DEFINED                 0     108400     0
WALGREEN CO                       COM        931422109   619      24400   SH       DEFINED                 0      24400     0
WARNER-LAMBERT CO                 COM        934488107  1380      20800   SH       DEFINED                 0      70800     0
WASHINGTON MUTUAL INC.            COM        939322103   423      14484   SH       DEFINED                 0      14484     0
WASTE MANAGEMENT INC (NEW)        COM        94106L109   286      14870   SH       DEFINED                 0      14870     0
WATSON PHARMACEUTICALS INC        COM        942683103  2808      91900   SH       DEFINED                 0      91900     0
WELLS FARGO COMPANY               COM        949746101  1596      40300   SH       DEFINED                 0      40300     0
WEYERHAEUSER CO                   COM        962166104   282       4900   SH       DEFINED                 0       4900     0
WHITMAN CORP                      COM        96647R107  1397      98100   SH       DEFINED                 0      98100     0
WILLIAMS COS                      COM        969457100   396      10600   SH       DEFINED                 0      10600     0
XEROX CORP                        COM        984121103   679      16200   SH       DEFINED                 0      16200     0
YOUNG INNOVATIONS INC             COM        987520103  1481     106800   SH       DEFINED                 0     106800     0
GLOBAL CROSSING LTD               COM        G3921A100   365      13810   SH       DEFINED                 0      13810     0
TRANSOCEAN OFFSHORE INC.          COM        G90076103  1736      56700   SH       DEFINED                 0      56700     0
BANCO LATINOAMERICANO DE EXP      COM        P16994132  1715      75000   SH       DEFINED                 0      75000     0
</TABLE>


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