July 22, 1999
Securities Exchange Commission
Attn: Filing Desk
450 5th Street, N.W.
Washington DC 20549
Dear Sir/Madam:
Please find the following requested data in regard to the Form 13F:
Report for the Quarter Ended:
June 30, 1999
Institutional Investment Manager:
Paradigm Asset Management Company, LLC
Address:
650 5th Avenue, 14th Floor, New York, NY 10019
Name, Phone No., and Title of Person Authorized to Submit this Report:
James E. Francis
212-771-6100
CEO & President
Items 1 to 6 is attached of the relevant filing instructions are attached.
General Investment Process Data:
Paradigm Asset Management Company's Investment Committee, made up
of four portfolio managers, reviews the criteria for the decision rules,
processes and constraints utilized in the investment strategy. Paradigm's
approach is well defined, systematic and disciplined. Therefore, subsequent
to implementation, no manager discretion is exercised to manipulate the
strategy. The decision to eliminate manager discretion provides assurance
that the integrity of the product will not be corrupted due to judgmental or
emotional overlays. Nevertheless, constant monitoring and analysis of the
portfolio's behavior and performance provide valuable information for
subsequent implementation
If you have any further questions, please call me at: 212-771-6100
Sincerely,
James E. Francis
President & CEO
Encl
<TABLE>
Paradigm Asset Management
PORTFOLIO APPRAISAL
Master Portfolio Group
June 30, 1999
<S> <C> INVSTMT
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES SH DSCRETN
- ------------------------------------------------------------- ------------
3 Com Corp. COM 88553510 520406 19500 SH SOLE
99 Cents Only Stores COM 65440K10 349562 7000 SH SOLE
A O N Corp COM 3738910 14408625 349300 SH SOLE
ACMAT Corp COM 461620 105648 7100 SH SOLE
AMR Corp COM 176510 607425 8900 SH SOLE
ATMI Inc COM 00207R10 690200 23200 SH SOLE
Abacus Direct Corp. COM 255310 1354200 14800 SH SOLE
Abbott Labs COM 282410 2300512 50700 SH SOLE
Abercombie & Fitch COM 289620 1852800 38600 SH SOLE
Abovenet Comm. COM 374310 1082050 26800 SH SOLE
Adobe Sys Inc. COM 00724F10 2226434 27100 SH SOLE
Advent Software COM 797410 830800 12400 SH SOLE
Advo System Inc. COM 758510 14525 700 SH SOLE
Aetna Life & Cas COM 811710 16751644 187300 SH SOLE
Affil. Cmptr Svc A COM 819010 1559250 30800 SH SOLE
Air Express Intl COM 910410 702887 27700 SH SOLE
Air Prod & Chem. COM 915810 289800 7200 SH SOLE
Airborne Freight COM 926610 174431 6300 SH SOLE
Akzo N V ADR COM 1019930 224587 5300 SH SOLE
Albertsons Inc. COM 1310410 9003277 174609 SH SOLE
Alcoa Inc. COM 1381710 11329312 183100 SH SOLE
Aliant Comm. COM 1609010 600437 13000 SH SOLE
Alkermes Inc. COM 01642T10 471750 20400 SH SOLE
Alleghany Corp. New COM 1717510 277500 1500 SH SOLE
Allegiance Telecom Inc. COM 01747T10 153650 2800 SH SOLE
Allied Signal Inc. COM 1951210 14811300 235100 SH SOLE
Allstate Corp. COM 2000210 27885638 777300 SH SOLE
Alltel Corp. COM 2003910 493350 6900 SH SOLE
Alpha Inds. Inc. COM 2075310 61912 1300 SH SOLE
Altera Co COM 2144110 1663925 45200 SH SOLE
Alza Corp. COM 2261510 61050 1200 SH SOLE
Amazon Com COM 2313510 325325 2600 SH SOLE
Amdocs Ltd. COM G0260210 1066975 46900 SH SOLE
Amer Express Co. COM 2581610 15315712 117700 SH SOLE
Amer Home Products COM 2660910 12720037 221700 SH SOLE
Amer Tel & Teleg. COM 195710 34930169 625848 SH SOLE
Amer. Elec. Pwr COM 2553710 10220756 272100 SH SOLE
Amer. Italian Pasta A COM 2707010 619650 20400 SH SOLE
Amerada Hess Corp. COM 2355110 1172150 19700 SH SOLE
Ameren Corp. COM 2360810 19187 500 SH SOLE
America Online Inc. COM 02364J10 3399000 30900 SH SOLE
American Annuity Gp COM 2384010 220675 9100 SH SOLE
American Bkrs Ins GP COM 2445610 1551469 28500 SH SOLE
American General COM 2635110 22914000 304000 SH SOLE
American Heritage Li COM 2652210 921200 37600 SH SOLE
American Intl Group COM 2687410 24821825 211700 SH SOLE
American Natl Ins. COM 2859110 1396500 19600 SH SOLE
American Tower Corp. COM 2991220 72000 3000 SH SOLE
Americredit Corp COM 03060R10 2168000 135500 SH SOLE
Amerisource Health COM 03071P10 300900 11800 SH SOLE
Ameritech Corp. COM 3095410 34287750 466500 SH SOLE
Amerus Life Hldgs COM 3073210 153900 5700 SH SOLE
Ames Dept. Stores COM 3078950 734562 16100 SH SOLE
Ametek Aerospace COM 3110010 287500 12500 SH SOLE
Amgen Inc. COM 3116210 1430562 23500 SH SOLE
Analog Devices Inc. COM 3265410 963600 19200 SH SOLE
Analogic Corp. COM 3265720 407328 13100 SH SOLE
Anheuser Busch Co. COM 3522910 28765156 405500 SH SOLE
Answerthink Consulting Gr COM 36916104 42925 1700 SH SOLE
Apache Corp. COM 3741110 253500 6500 SH SOLE
Applied Matls Inc. COM 3822210 14472112 195900 SH SOLE
Applied Micro Circuits COM 03822W10 337225 4100 SH SOLE
Applied Power Inc. COM 3822510 884925 32400 SH SOLE
Arden Realty Group COM 3979310 435862 17700 SH SOLE
Armstrg Wld Ind COM 4247610 375781 6500 SH SOLE
Arrow Intl Inc. COM 4276410 991012 38300 SH SOLE
Asarco Inc. COM 4341310 146737 7800 SH SOLE
Ashland Inc. COM 4420410 64200 1600 SH SOLE
Aspect Dev Inc COM 4523410 606800 32800 SH SOLE
Assoc First Cap COM 4600810 13343407 302400 SH SOLE
Associated Banc Corp COM 4548710 522900 12600 SH SOLE
Astec Inds Inc COM 4622410 167075 4100 SH SOLE
Astoria Financial COM 4626510 703000 16000 SH SOLE
Astrazeneca PLC COM 4635310 509470 13000 SH SOLE
At Home Corp. A COM 4591910 381068 7065 SH SOLE
Atl. Coast Airln Hldgs COM 4839610 404700 21300 SH SOLE
Atlantic Richfield COM 4882510 24818062 297000 SH SOLE
Atwood Oceanics COM 5009510 634375 20300 SH SOLE
Auto Data Process COM 5301510 1562000 35500 SH SOLE
Autodesk Inc. COM 5276910 168506 5700 SH SOLE
Avalonbay Cmntys COM 5348410 569800 15400 SH SOLE
Avery Dennison Corp. COM 5361110 519225 8600 SH SOLE
Aviation Sales COM 5367210 79000 2000 SH SOLE
Avon Products COM 5430310 1381950 24900 SH SOLE
B J Services Co. COM 5548210 2081231 70700 SH SOLE
BB&T Corporation COM 5493710 4340131 118300 SH SOLE
BEC Energy COM 05538M10 198000 4800 SH SOLE
BISYS Group Inc. COM 5547210 1866150 31900 SH SOLE
BMC Software Inc. COM 5592110 2646000 49000 SH SOLE
BP Amoco PLC ADR COM 5562210 22600767 208302 SH SOLE
Baker Hughes Inc. COM 5722410 16967750 506500 SH SOLE
Banctec Inc. COM 5978410 209869 11700 SH SOLE
Bank New York Inc. COM 6405710 12796600 348800 SH SOLE
Bank One Corporation COM 06423A10 32835972 551286 SH SOLE
Bank Utd Corp COM 6541210 562625 14000 SH SOLE
Bank of America COM 60505104 32741362 446600 SH SOLE
BankBoston Corp. COM 06605R10 1421275 27800 SH SOLE
Barnes Group COM 6780610 150075 6900 SH SOLE
Barrett Res Corp. COM 6848020 1957125 51000 SH SOLE
Baxter Intl Inc. COM 7181310 7960062 131300 SH SOLE
Bea Sys Inc. COM 7332510 277056 9700 SH SOLE
Bell & Howell Co COM 7785210 858344 22700 SH SOLE
Bell Atlantic Corp. COM 7785310 29091875 445000 SH SOLE
Bellsouth Corp. COM 7986010 16171425 350600 SH SOLE
Beringer Wine Est. COM 8410210 426169 10200 SH SOLE
Best Buy Inc. COM 8651610 20250 300 SH SOLE
Bestfoods COM 08658U10 3677850 74300 SH SOLE
Beyond.Com Corp. COM 08860E10 1259381 43900 SH SOLE
Billing Concepts COM 9006310 1248525 111600 SH SOLE
Biogen Inc. COM 9059710 1311975 20400 SH SOLE
Black & Decker COM 9179710 94687 1500 SH SOLE
Black Box Corp Del COM 9182610 395987 7900 SH SOLE
Blyth Inds Inc COM 09643P10 1910800 56200 SH SOLE
Bob Evans Farms Inc. COM 9676110 113287 5700 SH SOLE
Boeing Co. COM 9702310 4980800 113200 SH SOLE
Borg-Warner Auto COM 9972410 1562000 28400 SH SOLE
Boron Lepore & Assoc. COM 10001P10 108875 13000 SH SOLE
Boston Scientific COM 10113710 1779469 40500 SH SOLE
Bowater Inc. COM 10218310 601662 12700 SH SOLE
Bowne & Co. Inc. COM 10304310 525637 39300 SH SOLE
Brinker Int'l COM 10964110 1256750 45700 SH SOLE
Bristol Myers Squibb COM 11012210 24963050 354400 SH SOLE
Broadvision Inc COM 111412102 140125 1900 SH SOLE
Brown Tom Inc New COM 11566020 24900 1600 SH SOLE
Browning Ferris Inds COM 11588510 12156100 282700 SH SOLE
Burlington Coat Fac. COM 12157910 185400 9600 SH SOLE
Burlington Northern COM 12189T10 316200 10200 SH SOLE
Burlington Resources COM 12201410 2300900 53200 SH SOLE
Burr-Brown Inc COM 12257410 73250 2000 SH SOLE
Butler Mfg Co Del COM 12365510 178800 6400 SH SOLE
Bway Corp COM 5603910 84075 5900 SH SOLE
C&D Technologies COM 12466110 217437 7100 SH SOLE
CBS Corp. COM 12490K10 12227994 280700 SH SOLE
CCB Finl Corp. COM 12487510 4473225 84600 SH SOLE
CEC Entertainment COM 12513710 126750 3000 SH SOLE
CMP Group Inc. COM 12588710 895612 34200 SH SOLE
CMS Energy Corp. COM 12589610 288937 6900 SH SOLE
CSG Sys Intl COM 12634910 1534587 58600 SH SOLE
CSK Auto Corp Com COM 12596510 936900 34700 SH SOLE
CSX Corp. COM 12640810 1338562 29500 SH SOLE
CVS Corp COM 12665010 1852375 36500 SH SOLE
Cadence Design Sys COM 12738710 248712 19700 SH SOLE
Campbell Soup Co COM 13442910 412737 8900 SH SOLE
Canadaigua Brands A COM 13721920 194019 3700 SH SOLE
Capital RE Corp COM 14043210 110831 6900 SH SOLE
Caraustar Inds COM 14090910 328344 13300 SH SOLE
Cardinal Health Inc COM 14149Y10 2750963 42900 SH SOLE
Carnival Corp. COM 14365810 906950 18700 SH SOLE
Carolina Pwr & Light COM 14414110 10167969 237500 SH SOLE
Carpenter Tech. COM 14428510 976837 34200 SH SOLE
Castle & Cooke Inc COM 14843310 225600 12800 SH SOLE
Castle A M COM 14841110 74800 4400 SH SOLE
Catalina Mktg COM 14886710 2714000 29500 SH SOLE
Caterpillar Tractor COM 14912310 14130000 235500 SH SOLE
Centex Construct COM 15231R10 535762 15700 SH SOLE
Centex Corp. COM 15231210 116444 3100 SH SOLE
Central & S W Corp. COM 15235710 7872700 336800 SH SOLE
Central Garden COM 15352710 531975 51900 SH SOLE
Central Newspapers COM 15464710 228750 6100 SH SOLE
Centura Bks COM 15640T10 349525 6200 SH SOLE
Champion Enterprises COM 15849610 1428537 76700 SH SOLE
Champion Intl. Corp. COM 15852510 3188475 66600 SH SOLE
Charles River Assoc. COM 15985210 127819 5100 SH SOLE
Charles Schwab COM 80851310 1940200 17800 SH SOLE
Chartwell Re Corp. COM 16139W10 143412 7700 SH SOLE
Chase Manh. New COM 16161A10 41874650 484100 SH SOLE
Check Point Software COM M2246510 134062 2500 SH SOLE
Chemed Corp COM 16359610 202825 6100 SH SOLE
Chevron Corp. COM 16675110 23062162 242600 SH SOLE
Chic By His Inc COM 16711310 48129 18300 SH SOLE
Chicago Bridge&Iron COM N1980810 107319 7700 SH SOLE
Chubb Corp. COM 17123210 12058250 173500 SH SOLE
Cigna Corp. COM 12550910 11596700 130300 SH SOLE
Cinergy Corp. COM 17247410 3590400 112200 SH SOLE
Cisco Systems COM 17275R10 3853362 59800 SH SOLE
Citation Corp Ala COM 17289510 147775 9200 SH SOLE
Citigroup Inc. (New) COM 17296710 38385938 808125 SH SOLE
Citrix Sys Inc. COM 17737610 1548100 27400 SH SOLE
Claire's Stores COM 17958410 154500 6000 SH SOLE
Clear Channel Com. COM 18450210 1781828 25847 SH SOLE
Cleveland Cliffs COM 18589610 213675 6600 SH SOLE
Clorox Co. Del. COM 18905410 224306 2100 SH SOLE
Cmptr Assoc Intl COM 20491210 607725 11100 SH SOLE
Coach USA Inc. COM 18975L10 943594 22500 SH SOLE
Coastal Corp. COM 19044110 390425 9700 SH SOLE
Coca Cola Company COM 19121610 3131000 50500 SH SOLE
Coca Cola Enterprises COM 19121910 14875 500 SH SOLE
Cognizant Tech. COM 19244610 461306 17700 SH SOLE
Coherent Inc COM 19247910 460037 24700 SH SOLE
Coinstar Inc COM 19259P30 20081 700 SH SOLE
Colgate Palmolive COM 19416210 2107900 21400 SH SOLE
Colonial Ppty TR COM 19587210 1293850 45800 SH SOLE
Columbia Gas Sys. COM 19764810 106569 1700 SH SOLE
Columbia HCA Healthcare COM 19767710 13739969 602300 SH SOLE
Comair Holdings Inc. COM 19978910 68681 3300 SH SOLE
Comcast Corp. Spl. A COM 20030020 280594 7300 SH SOLE
Comerica Inc. COM 20034010 6621337 111400 SH SOLE
Comm. Federal Cp COM 20164710 1728628 74550 SH SOLE
Commercial Metal Co COM 20172310 592800 20800 SH SOLE
Commonwealth Engy COM 20280010 974400 23200 SH SOLE
Commonwlth Tele COM 20334910 80875 2000 SH SOLE
Commscope Inc. COM 20337210 455100 14800 SH SOLE
Compaq Computer COM 20449310 1487575 62800 SH SOLE
Compuware Corp. COM 20563810 521725 16400 SH SOLE
Comsat Corp. COM 20564D10 87750 2700 SH SOLE
Comverse Technology COM 20586240 702150 9300 SH SOLE
Conagra Inc. COM 20588710 210337 7900 SH SOLE
Concentric Ntwk CP COM 20589R10 1069275 26900 SH SOLE
Concord Comm. COM 20618610 742500 16500 SH SOLE
Concord EFS COM 20619710 1552869 36700 SH SOLE
Conexant Systems COM 20714210 365794 6300 SH SOLE
Conoco Stk A COM 20825130 100350 3600 SH SOLE
Consolidated Edison COM 20911510 8755875 193500 SH SOLE
Consolidated Nat Gas COM 20961510 6336225 104300 SH SOLE
Consolidated Papers Inc. COM 20975910 29425 1100 SH SOLE
Cooper Cameron Corp. COM 21664010 214962 5800 SH SOLE
Cooper Inds Inc. COM 21666910 650000 12500 SH SOLE
Cordant Tech. COM 21841210 682331 15100 SH SOLE
Core Laboratories N V COM N2271710 292600 20900 SH SOLE
Corporate Executive COM 21988R102 21337 600 SH SOLE
Cort Business Svcs COM 22049310 98144 4100 SH SOLE
Cost Plus Calif COM 22148510 723450 15900 SH SOLE
Costco Companies COM 22160Q10 1337044 16700 SH SOLE
Crane Co. COM 22439910 468419 14900 SH SOLE
Credence Sys. Corp. COM 22530210 111375 3000 SH SOLE
Cutter & Buck Inc COM 23221710 948375 56200 SH SOLE
DII Group COM 23294910 201487 5400 SH SOLE
DPL Inc. COM 23329310 4393750 237500 SH SOLE
DQE Inc. COM 23329J10 56175 1400 SH SOLE
DST Sys Inc Del COM 23332610 238925 3800 SH SOLE
DTE Energy Co. COM 23333110 346375 8500 SH SOLE
DaimlerChrysler AG COM D1668R12 156 2 SH SOLE
Dain Rauscher Corp. COM 23385610 303100 5600 SH SOLE
Dallas Semiconductor COM 23520410 1009925 19900 SH SOLE
Dana Corp. COM 23581110 354681 7700 SH SOLE
Darden Restaurants COM 23719410 1439625 66000 SH SOLE
Dayton Hudson COM 23975310 669500 10300 SH SOLE
Deere & Co. COM 24419910 19194037 489800 SH SOLE
Dell Computer COM 24702510 2723200 73600 SH SOLE
Delphi Automotive Systems COM 24712610 3761055 203300 SH SOLE
Delphi Finl. Group COM 24713110 635185 17705 SH SOLE
Delta Air Lines COM 24736110 7203125 125000 SH SOLE
Deluxe Corp COM 24801910 58219 1500 SH SOLE
Dendrite Intl Inc. COM 24823910 559937 15500 SH SOLE
Devon Energy Corp. COM 25179910 2009081 56100 SH SOLE
Dexter Corp COM 25216510 440775 10800 SH SOLE
Diamond Offshore Drilling COM 25271C10 25537 900 SH SOLE
Discount Auto Parts COM 25464210 653787 27100 SH SOLE
Disney Walt Prodtns COM 25468710 7810969 253500 SH SOLE
Dollar Thrifty Automotive COM 25674310 160425 6900 SH SOLE
Dominion Res COM 25747010 272869 6300 SH SOLE
Donnelley RR & Sons COM 25786710 181606 4900 SH SOLE
Dover Corp. COM 26000310 38500 1100 SH SOLE
Dow Jones & Company COM 260561105 827775 15600 SH SOLE
Du Pont De Nemours COM 26353410 24175794 353900 SH SOLE
Duane Reade Inc COM 26357810 442250 14500 SH SOLE
Duke Power Co COM 26439910 14023100 257600 SH SOLE
Dupont Photomasks COM 26613X10 426087 8900 SH SOLE
E M C Corp Mass COM 26864810 8382000 152400 SH SOLE
E Trade Group Inc COM 26924610 571106 14300 SH SOLE
EG & G Inc Com COM 26845710 210187 5900 SH SOLE
Eagle USA Airfreight COM 270018104 157019 3700 SH SOLE
Earthgrains Co. COM 27031910 95506 3700 SH SOLE
Earthlink Network COM 27032210 497644 8100 SH SOLE
Eastern Enterprises COM 27637F10 254400 6400 SH SOLE
Eastman Kodak Co. COM 27746110 21829050 322200 SH SOLE
Eaton Corp. COM 27805810 14287600 155300 SH SOLE
Ebay Inc. COM 27864210 287612 1900 SH SOLE
Echostar Comm. CL A COM 27876210 1334906 8700 SH SOLE
Edison International COM 28102010 6457450 241400 SH SOLE
Elan ADR PLC COM 28413120 116550 4200 SH SOLE
Electronic Arts COM 28551210 2300200 42400 SH SOLE
Electronic Data Sys COM 28566110 23816475 420600 SH SOLE
Electronics for Imagin COM 28608210 1171350 22800 SH SOLE
Eli Lilly & Co. COM 53245710 10048987 140300 SH SOLE
Emerson Elec Co. COM 29101110 14079119 223700 SH SOLE
Energy East Corp COM 29266M10 1133990 43615 SH SOLE
Enesco Group COM 29297310 120250 5200 SH SOLE
Ennis Business Forms COM 29338910 216631 25300 SH SOLE
Enron Corp. COM 29356110 12229718 149599 SH SOLE
Entergy Corp. COM 29364G10 22203125 710500 SH SOLE
Entrust Technologies Inc COM 293848107 369075 11100 SH SOLE
Equant NV - NY Reg Share COM 29440910 548100 5800 SH SOLE
Equity Office Prop. COM 29474110 281875 11000 SH SOLE
Ericsson Tel ADR COM 29482140 207506 6300 SH SOLE
Esco Electronics Corp. COM 26903020 121719 9500 SH SOLE
Etec Sys. Inc. COM 26922C10 881125 26500 SH SOLE
Ethan Allen Interiors Inc COM 29760210 328425 8700 SH SOLE
Everen Capital Corp COM 29976110 1699312 57000 SH SOLE
Executive Risk Inc. COM 30158610 1701250 20000 SH SOLE
Exodus Comm. COM 30208810 935512 7800 SH SOLE
Expeditors Int'l COM 30213010 2269925 83300 SH SOLE
Extended Stay America COM 30224P10 351600 29300 SH SOLE
Exxon Corp. COM 30229010 32855250 426000 SH SOLE
F M C Corp. COM 30249130 122962 1800 SH SOLE
FDX Corp. COM 31304N10 260400 4800 SH SOLE
FPL Group Inc. COM 30257110 136562 2500 SH SOLE
Federal Home Ln Mtg. COM 31340030 458200 7900 SH SOLE
Federal Natl Mtg. COM 31358610 20741175 303900 SH SOLE
Fedtd Dept Stores COM 31410H10 11884469 224500 SH SOLE
Felcor Lodging Trust COM 31430F10 1539650 74200 SH SOLE
Fibermark Inc. COM 31564610 87037 6600 SH SOLE
Financial Fed Corp. COM 31749210 17600 800 SH SOLE
Financial Sec. Assurn. COM 31769P10 1294800 24900 SH SOLE
First Data Corp. COM 31996310 7825106 159900 SH SOLE
First Energy Corp COM 33793210 3137200 101200 SH SOLE
First Midwest Bancorp COM 32086710 155025 3900 SH SOLE
First Union COM 33735810 22888612 485700 SH SOLE
First Virginia Bank COM 33747710 186675 3800 SH SOLE
Firstar Corp. New COM 33763V10 623224 22258 SH SOLE
Fleet Fin'l Grp COM 33891510 4064750 91600 SH SOLE
Fleetwood Ent. COM 33909910 171844 6500 SH SOLE
Flextronics Int'l COM Y2573F10 2808300 50600 SH SOLE
Florida Est Coast COM 34063210 314175 7100 SH SOLE
Florida Progress COM 34110910 5882900 142400 SH SOLE
Fluor Corp. COM 34386110 1988550 49100 SH SOLE
Ford Motor Co. Del COM 34537010 31734806 562300 SH SOLE
Forrester Research COM 346563109 15000 600 SH SOLE
Fort James COM 34747110 20505525 541400 SH SOLE
Franchise Fin Corp. COM 35180710 280350 12600 SH SOLE
Fremont General Corp COM 35728810 987162 52300 SH SOLE
Frontier Corp COM 35906P10 633150 10800 SH SOLE
Fuller H B Co. COM 35969410 198287 2900 SH SOLE
Fundtech Ltd COM M4709510 508375 19600 SH SOLE
Furniture Brands COM 36092110 203487 7300 SH SOLE
Furon Co COM 36110610 281200 14800 SH SOLE
G & K Svcs Inc. COM 36126810 560412 10700 SH SOLE
GATX Corp. COM 36144810 1195162 31400 SH SOLE
GPU Inc. COM 36225X10 274219 6500 SH SOLE
GTE Corp. COM 36232010 37478200 496400 SH SOLE
Galileo International COM 36354710 865687 16200 SH SOLE
Galileo Technology Ltd. COM M4729810 240156 5300 SH SOLE
Gallagher Arthur Co. COM 36357610 89100 1800 SH SOLE
Gannett Inc. COM 36473010 10063875 141000 SH SOLE
Gap Inc. Del COM 36476010 2712694 53850 SH SOLE
Garan Inc. COM 36480210 279487 8700 SH SOLE
Gemstar Int'l Gp COM G3788V10 1990125 30500 SH SOLE
Gencorp Inc. COM 36868210 777700 30800 SH SOLE
General Electric Co. COM 36960410 3729000 33000 SH SOLE
General Mills Inc. COM 37033410 7852637 97700 SH SOLE
General Motors Corp. COM 37044210 24090000 365000 SH SOLE
General Nutrition COM 37047F10 1426725 61200 SH SOLE
Gentex Corp. COM 37190110 851200 30400 SH SOLE
Genuine Parts COM 37246010 9047500 258500 SH SOLE
Getty Images Inc Com COM 37427610 464325 24600 SH SOLE
Gibraltar Stl Corp. COM 37476F10 1202850 48600 SH SOLE
Gilat Satellite Network COM M5147410 173250 3300 SH SOLE
Gilead Sciences Inc. COM 37555810 1750375 33500 SH SOLE
Gillette Co. COM 37576610 2718300 66300 SH SOLE
Gleason Corp COM 37733910 85744 5100 SH SOLE
Glenborough Rlty Tr COM 37803P10 514500 29400 SH SOLE
Golden West Finl Del COM 38131710 7046200 71900 SH SOLE
Goodyear Tire Rubber COM 38255010 552837 9400 SH SOLE
Grainger W Inc. COM 38480210 279825 5200 SH SOLE
Great Atlantic & Pac. COM 39006410 730350 21600 SH SOLE
Greenpoint Financial COM 39538410 215644 6572 SH SOLE
Grey Advertising COM 39783810 333000 1000 SH SOLE
Guidant Corp. COM 40169810 419225 8200 SH SOLE
Guilford Mills COM 40179410 355862 34300 SH SOLE
Guitar Ctr Mgmt Inc COM 40204010 378881 36300 SH SOLE
HNC Software Inc COM 40425P10 1029137 33400 SH SOLE
Halliburton Co. COM 40621610 25620550 566200 SH SOLE
Handleman Co. Del COM 41025210 295312 25000 SH SOLE
Hansn PLC Spn ADR COM 41135240 235187 5300 SH SOLE
Harland John H Co COM 41269310 115637 5800 SH SOLE
Harman Intl Inds Inc COM 41308610 963600 21900 SH SOLE
Harmonic Lightwaves Inc. COM 41316010 235494 4100 SH SOLE
Hartford Fincl. Srv COM 41651510 8082112 138600 SH SOLE
Hasbro Inc. COM 41805610 251437 9000 SH SOLE
Heinz H J Co. COM 42307410 10766850 214800 SH SOLE
Heller Fincl. Inc CL A COM 42332810 339312 12200 SH SOLE
Helmerich & Payne COM 42345210 155925 6600 SH SOLE
Hewlett Packard COM 42823610 26371200 262400 SH SOLE
Hibernia Corp A COM 42865610 348262 22200 SH SOLE
Hispanic Broadcasting COM 43357B10 1456800 19200 SH SOLE
Home Depot. Inc. COM 43707610 3505400 54400 SH SOLE
Honeywell Inc. COM 43850610 27392850 236400 SH SOLE
Horace Mann Edtrs COM 44032710 511125 18800 SH SOLE
Household Intl Corp. COM 44181510 16931825 357400 SH SOLE
Hrpt Properties Trust COM 40426W10 53594 3500 SH SOLE
Hudson United Bancorp COM 44416510 122362 3900 SH SOLE
Hughes Supply Inc COM 44448210 575937 19400 SH SOLE
Human Genome Sciences COM 44490310 327850 8300 SH SOLE
Hutchinson Technology COM 44840710 86025 3100 SH SOLE
I2 Technologies Inc. COM 46575410 1204000 28000 SH SOLE
ICG Comm. Inc. COM 44924610 1895962 88700 SH SOLE
IDEC Pharmaceuticals COM 44937010 2080687 27000 SH SOLE
IHOP Corp. COM 44962310 264687 11000 SH SOLE
IMS Health Inc. COM 44993410 278125 8900 SH SOLE
ING Groep ADR COM 45683710 60500 1100 SH SOLE
ITT Educational Svc. COM 45068B10 33881 1300 SH SOLE
ITT Industries COM 45091110 16710187 438300 SH SOLE
Idexx Labs Inc. COM 45168D10 864894 37100 SH SOLE
Illinois Tool Inc. COM 45230810 866550 10600 SH SOLE
Imation Corp. COM 45245A10 166244 6700 SH SOLE
Imax Corp. COM 45245E10 40500 1800 SH SOLE
Imperial Chm Ind ADR COM 45270450 1268025 31900 SH SOLE
Imperial Tobacco Gp COM 45314210 199062 9100 SH SOLE
Imrglobal Corp COM 45321W106 44275 2300 SH SOLE
Incyte Pharmaceutic COM 45337C102 18506 700 SH SOLE
Infinity Broadcasting COM 45662S10 969650 32800 SH SOLE
Ingersoll Rand Co. COM 45686610 14689262 227300 SH SOLE
Inhale Therapeutic COM 45719110 1028700 43200 SH SOLE
Inktomi Corp. COM 45727710 39450 300 SH SOLE
Inspire Insurance Compani COM 45773210 134850 9300 SH SOLE
Int'l Business Mach. COM 45920010 40545725 313700 SH SOLE
Int'l Flav & Fra COM 45950610 356400 8100 SH SOLE
Int'l Paper Co. COM 46014610 17557099 349395 SH SOLE
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Intel Corp. COM 45814010 3522400 59200 SH SOLE
Interface Inc. COM 45866510 307912 35700 SH SOLE
Intermedia Comm. COM 45880110 1908000 63600 SH SOLE
Intermet Corp. COM 45881K10 202675 13400 SH SOLE
International Multi COM 46004310 106044 4700 SH SOLE
Interpool Inc COM 46062R10 145600 11200 SH SOLE
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Intimate Brands Inc. COM 46115610 482514 10185 SH SOLE
Intl Network Svcs. COM 46005310 1701806 42150 SH SOLE
Intuit COM 46120210 2730787 30300 SH SOLE
Investors Fin. Svc COM 46191510 116000 2900 SH SOLE
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Johnson Ctls Inc. COM 47836610 284181 4100 SH SOLE
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K Mart Corp. COM 48258410 217486501318100 SH SOLE
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Kellwood Co COM 48804410 561487 20700 SH SOLE
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Keycorp COM 49326710 8169387 254300 SH SOLE
Keystone Autmotive COM 49338N10 15637 900 SH SOLE
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Knight/Trimark Group COM 49906710 109800 1800 SH SOLE
Knoll Inc COM 49890410 596400 22400 SH SOLE
Kohls COM 50025510 3690000 48000 SH SOLE
Koninklijke Philips COM 50047220 110962 1100 SH SOLE
Kroger Co. COM 50104410 363187 13000 SH SOLE
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Labor Ready COM 50540120 214500 6600 SH SOLE
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Lason Inc. COM 51808R10 1235662 24900 SH SOLE
Lauder Estee Cos. COM 51843910 421050 8400 SH SOLE
Legato Systems COM 52465110 132825 2300 SH SOLE
Lehman Brothers Hdg COM 52490810 1801625 29000 SH SOLE
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Level One Comm. COM 52729510 2618156 53500 SH SOLE
Lexmark Intl Group COM 52977110 137550 2100 SH SOLE
Libbey Inc COM 52989810 127600 4400 SH SOLE
Lifepoint Hospital COM 53219L10 0 0 SH SOLE
Lilly Indl Coatings COM 53249110 148500 8000 SH SOLE
Lincare Hldgs COM 53279110 2810000 112400 SH SOLE
Lincoln Nat'l Corp. COM 53418710 5199862 99400 SH SOLE
Linear Technology COM 53567810 618700 9200 SH SOLE
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MBIA Inc. COM 55262C10 589225 9100 SH SOLE
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MGM Grand COM 55295310 78400 1600 SH SOLE
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Magnetek Inc COM 55942410 151044 14300 SH SOLE
Markwest Hydrocar COM 57076210 54250 6200 SH SOLE
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Mattel Inc. COM 57708110 730455 27960 SH SOLE
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Mcleodusa COM 58226610 1237500 22500 SH SOLE
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Mentor Corp Minn COM 58718810 1139850 61200 SH SOLE
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Mercantile Bankshares COM 58740510 24762 700 SH SOLE
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Meristar Hospitality COM 58984Y10 44875 2000 SH SOLE
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Merrill Lynch & Co COM 59018810 1486650 18700 SH SOLE
Meta Group Inc Com COM 59100210 335175 21800 SH SOLE
Metamor Worldwide COM 59133P10 1311406 54500 SH SOLE
Metris Companies COM 59159810 260800 6400 SH SOLE
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Monsanto Company COM 61166210 9447525 238800 SH SOLE
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Nabisco Gp Hds COM 62952P102 252356 12900 SH SOLE
Nabisco Hldgs Cl A COM 62952610 202100 4700 SH SOLE
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New Century Energies COM 64352U10 209587 5400 SH SOLE
New England Elec Sv COM 64400110 1012525 20200 SH SOLE
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Newfield Exploration Comp COM 65129010 400969 14100 SH SOLE
Newport News Ship. COM 65222810 351050 11900 SH SOLE
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Nokia Spon. ADR COM 65490220 412031 4500 SH SOLE
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Orbital Sciences COM 68556410 44887 1900 SH SOLE
Orion Capital COM 68626810 843062 23500 SH SOLE
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Orthodontic Ctr COM 68750P10 779700 55200 SH SOLE
Orthofix Int'l New COM N6748L10 20825 1400 SH SOLE
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Pacificare Company COM 695112102 330912 4600 SH SOLE
Panamerican Beverages COM P7482310 142875 6000 SH SOLE
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Price Enterprises COM 74144420 58219 8100 SH SOLE
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Proctor & Gamble COM 74271810 3337950 37400 SH SOLE
Profit Recovery Grp Intl COM 74316810 42581 900 SH SOLE
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Quintiles Transnat'l COM 74876710 222600 5300 SH SOLE
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RCN Corporation COM 74936110 141525 3400 SH SOLE
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Rochester Gas & El C COM 77136710 608281 22900 SH SOLE
Rockwell Int'l COM 77390310 2241675 36900 SH SOLE
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SBC Communications COM 78387G10 35739600 616200 SH SOLE
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Washington Mutual COM 93932210 27123519 762700 SH SOLE
Washington Post COM 93964010 860400 1600 SH SOLE
Waste Mgmt Inc Del. COM 94106L10 30129132 560542 SH SOLE
Waters Corp. COM 94184810 1997500 37600 SH SOLE
Wausau-Mos. Paper COM 94331510 536040 29780 SH SOLE
Webb Corp. COM 94742310 222037 9300 SH SOLE
Weeks Corp. COM 94856P10 115900 3800 SH SOLE
Wells Fargo (New) COM 94974610 36311850 849400 SH SOLE
Western Resources COM 95942510 386062 14500 SH SOLE
Western Wireless COM 95988E20 1719900 63700 SH SOLE
Westvaco Corp COM 96154810 345100 11900 SH SOLE
Weyerhaeuser Co. COM 96216610 10979375 159700 SH SOLE
Whirlpool Corp COM 96332010 3226400 43600 SH SOLE
Whittman-Hart Inc. COM 96683410 1473200 46400 SH SOLE
Whole Foods Market COM 96683710 595975 12400 SH SOLE
Wild Oats Mkt. Inc. COM 96808B10 109237 3600 SH SOLE
Willbros Group Inc COM 96919910 59500 7000 SH SOLE
Williams Cos. COM 96945710 29283000 688000 SH SOLE
Wilmar Ind COM 97142610 223600 17200 SH SOLE
Wind River Systems COM 97314910 1072975 66800 SH SOLE
Winstar Comm. COM 97551510 1433250 29400 SH SOLE
World Color Press COM 98144310 1386000 50400 SH SOLE
Worthington Inds. Inc. COM 98181110 42737 2600 SH SOLE
XL Capital Ltd. COM G9825510 883603 15639 SH SOLE
Xerox Corp. COM 98412110 27960187 473400 SH SOLE
Xilinx Inc. COM 98391910 1213700 21200 SH SOLE
Yahoo Inc. COM 98433210 562741 3267 SH SOLE
Zale Corp. COM 98885810 1448000 36200 SH SOLE
TOTAL 2940175184
CASH AND EQUIVALENTS 64559119
TOTAL PORTFOLIO 3004734303
</TABLE>
