UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999.
Check here if Amendment [ X ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment manager Filing this Report:
Name: DAVIS SELECTED ADVISERS, LP
Address: 124 EAST MARCY STREET
SANTA FE, NM 87501
13F File Number: 28-5114
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: Anthony Frazia
Title: Chief Compliance Officer
Phone: 212-891-5508
Signature, Place, and Date of Signing:
Anthony Frazia New York, New York May 10, 1999
Report Type (Check only one.):
[X] 13F HOLDING REPORT.
[ ] 13F NOTICE.
[ ] COMBINATION REPORT.
List of Other Managers reporting for this Manager:
Bramwell Capital Management
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 Mangers: 1
Form 13F Information Table Entry Total: 331
Form 13F Information Table Value Total: $20,463,354,000
List of Other Included Managers:
No. 13F File Number Name
01 28-5934 Bramwell Capital Management
<PAGE>
<TABLE> <C> <C>
Form 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
20th Century Industries Common Stock 901272203 5884 362100 SH SOLE 362100 0 0
Abbott Labs Common Stock 002824100 142 3000 SH SOLE 3000 0 0
Abercrombie & Fitch Co. Common Stock 002896207 544 5900 SH DEFINED 01 5900 0 0
AC Nielsen Corp Common Stock 004833109 51 1865 SH SOLE 1865 0 0
ACE Limited Common Stock G0070K103 10644 341300 SH SOLE 341300 0 0
Adidas-Salomon AG Foreign Stock 403197676 1320 15500 SH SOLE 15500 0 0
Aflac Inc Common Stock 001055102 9382 172350 SH SOLE 172350 0 0
Aldeasa Sa Foreign Stock 532608098 1070 29000 SH SOLE 29000 0 0
Alexandria Real Estate Equitie Common Stock 015271109 17401 658200 SH SOLE 658200 0 0
Alleghany Corp Common Stock 017175100 69 378 SH SOLE 378 0 0
Allstate Corp Common Stock 020002101 202721 5469710 SH SOLE 5469601 0 109
Amazon Com Inc. Common Stock 023135106 620 3600 SH DEFINED 01 3600 0 0
AMB Property Corp Common Stock 00163T109 362 17300 SH SOLE 17300 0 0
Amerada Hess Co Common Stock 023551104 809 15900 SH SOLE 15900 0 0
American Express Co. Common Stock 025816109 1254474 10580406 SH SOLE 10580301 0 105
American Home Products Corp. Common Stock 026609107 246781 3782076 SH SOLE 3782038 0 38
American International Group Common Stock 026874107 8451 70062 SH SOLE 69978 0 84
American Tower Corp Cl A Common Stock 029912201 8006 326770 SH SOLE 326770 0 0
Annuity & Life Re Holdings Ltd Common Stock G03910109 1775 77600 SH SOLE 77600 0 0
Apartment Investment & Managem Common Stock 03748R101 12559 346467 SH SOLE 346467 0 0
Applied Materials Inc Common Stock 038222105 330387 5355810 SH SOLE 5350454 0 5356
Archstone Communities Trust Common Stock 039581103 16961 842800 SH SOLE 842800 0 0
Argentaria Foreign Stock 5401459 267 12000 SH SOLE 12000 0 0
Asm Lithography Common Stock N07059111 4851 107800 SH SOLE 107800 0 0
Astrazeneca A Foreign Stock 524150901 199 10090 SH SOLE 10090 0 0
Atlantic Richfield Common Stock 048825103 2837 38800 SH SOLE 38800 0 0
Avalonbay Communities Inc. Common Stock 053484101 19955 626033 SH SOLE 626033 0 0
Bank Of East Asia Foreign Stock 06075648 3656 278005 SH SOLE 278005 0 0
Bank of New York Inc. Common Stock 064057102 29735 827400 SH SOLE 827400 0 0
Bank One Corp Common Stock 06423A103 221692 4023782 SH SOLE 4023742 0 40
BankAmerica Common Stock 06605F102 503625 7130975 SH SOLE 7130904 0 71
Bellsouth Corporation Common Stock 079860102 12 308 SH SOLE 308 0 0
Berk SHire Hathaway Inc. Class Common Stock 084670207 6423 2732 SH SOLE 2729 0 3
Berk SHire Hathaway Inc. Class Common Stock 084670108 949192 13294 SH SOLE 13294 0 0
Boardwalk Equities Inc Common Stock 096613104 18749 2282400 SH SOLE 2282400 0 0
Boston Properties Inc. Common Stock 101121101 18108 572600 SH SOLE 572600 0 0
Bristol Myers Squibb Inc Common Stock 110122108 67976 1060050 SH SOLE 1060050 0 0
Briti SH Petroleum Company PLC-Common Stock 110889409 0 2 SH SOLE 2 0 0
Brown Forman Inc. Class B Common Stock 115637209 132 2250 SH SOLE 2250 0 0
Buenos Aires Embotelladora Common Stock 119424208 0 228 SH DEFINED 01 228 0 0
Bulgari SPA Foreign Stock 525647715 648 125000 SH SOLE 125000 0 0
Burlington Resources Inc. Common Stock 122014103 240 6000 SH SOLE 6000 0 0
Calenergy Capital Trust II 144 Preferred Stock 12946P403 6939 152500 SH SOLE 152500 0 0
Campbell Soup Co Common Stock 134429109 33 800 SH SOLE 800 0 0
Canadian Tire Corp A Foreign Stock 2172286 262 10000 SH SOLE 10000 0 0
Capital One Financial Corp. Common Stock 14040H105 18452 122200 SH SOLE 122200 0 0
Cardinal Health Inc Common Stock 14149Y108 2577 39050 SH DEFINED 01 39050 0 0
Carolina Power & Light Common Stock 144141108 435 11500 SH SOLE 11500 0 0
Catellus Developement Co Common Stock 149111106 13863 1036500 SH SOLE 1036500 0 0
Celestial Seasonings Inc. Common Stock 151016102 164 7416 SH SOLE 7416 0 0
Centerpoint Pptys Tr Com Common Stock 151895109 86311 2761965 SH SOLE 2761855 0 110
Centerpoint Property Private P Common Stock 151895PP8 10918 370000 SH SOLE 370000 0 0
Central Vermont Public Housing Preferred Stock 155771306 3 50 SH SOLE 50 0 0
Cheap Tickets Inc Common Stock 162672109 185 5500 SH DEFINED 01 5500 0 0
Chevron Corp Common Stock 166751107 5645 63600 SH SOLE 63600 0 0
Chubb Corp Common Stock 171232101 252279 4307857 SH SOLE 4307814 0 43
Cinar Films Inc Common Stock 171905300 1336 58100 SH DEFINED 01 58100 0 0
Cincinnati Financial Corp Common Stock 172062101 21447 588600 SH SOLE 588600 0 0
Citigroup Inc. Common Stock 172967101 884505 13781104 SH SOLE 13781104 0 0
Clorox Company Common Stock 189054109 49 400 SH SOLE 400 0 0
Closure Medical Cor Common Stock 189093107 448 11800 SH DEFINED 01 11800 0 0
Coca Cola Co Common Stock 191216100 6168 100500 SH SOLE 100500 0 0
Coca Cola Enterprises Ltd. Common Stock 191219104 334 10000 SH SOLE 10000 0 0
Colgate-Palmolive Co. Common Stock 194162103 62026 674200 SH SOLE 674200 0 0
Compagnie Financiere Richemont Foreign Stock 4738211 1230 500 SH SOLE 500 0 0
Computer Science Inc. Common Stock 205363104 4574 82886 SH DEFINED 01 82886 0 0
Continental AG Ord. Foreign Stock 459858932 283 12000 SH SOLE 12000 0 0
Cooper Cameron Common Stock 216640102 57557 1699100 SH SOLE 1699100 0 0
Costco Companies Inc. Common Stock 22160Q102 362 4000 SH SOLE 4000 0 0
Cott Corp. Common Stock 22163N106 758 278800 SH SOLE 278800 0 0
Courtaulds Textiles PLC Foreign Stock 0228794 537 350000 SH SOLE 350000 0 0
Crescent Operating Inc. Common Stock 22575M100 2717 749595 SH SOLE 749595 0 0
Crescent Real Estate Equities Preferred Stock 22575N207 2510 160000 SH SOLE 160000 0 0
Crescent Real Estate Equity Common Stock 225756105 124150 5774400 SH SOLE 5774400 0 0
Cutter & Buck Inc. Common Stock 232217109 1510 47200 SH DEFINED 01 47200 0 0
Cvs Corporation Common Stock 126650100 1914 40300 SH DEFINED 01 40300 0 0
DA Consulting Group Inc Common Stock 233027101 200 20300 SH DEFINED 01 20300 0 0
Dallas Semiconductor Common Stock 235204104 579 15000 SH SOLE 15000 0 0
Dell Computer Class C Common Stock 247025109 2428 59400 SH DEFINED 01 59400 0 0
Devon Energy Corp. Common Stock 251799102 71213 2583700 SH SOLE 2583700 0 0
Devon Financial Trust 144A Preferred Stock 251910402 36343 698900 SH SOLE 698900 0 0
Diamond Off SHore Common Stock 25271C102 750 23700 SH DEFINED 01 23700 0 0
Donaldson Lufkin Jenrette Common Stock 257661108 148282 2125900 SH SOLE 2125900 0 0
Dover Corp Common Stock 260003108 221558 6739391 SH SOLE 6739256 0 135
Dow Chemical Co. Common Stock 260543103 652 7000 SH SOLE 7000 0 0
Dow Jones & Co. Inc. Common Stock 260561105 50401 1068100 SH SOLE 1068100 0 0
Dst Systems, Inc. Common Stock 233326107 3556 59200 SH DEFINED 01 59200 0 0
Duke Power Co. Common Stock 264399106 833 15200 SH SOLE 15200 0 0
Dun & Bradstreet Corp. Common Stock 26483B106 203 5700 SH SOLE 5700 0 0
Earthlink Netlink Inc Common Stock 270322100 708 11800 SH DEFINED 01 11800 0 0
Eaton Co Ltd Foreign Stock 2249889 480 356200 SH SOLE 356200 0 0
Edison International Common Stock 281020107 298 13400 SH SOLE 13400 0 0
Elan Plc Common Stock 284131208 1228 17600 SH DEFINED 01 17600 0 0
Equity Office Properties Trust Common Stock 294741103 37800 1489670 SH SOLE 1489670 0 0
Equity Office Properties Trust Preferred Stock 294741301 6350 153000 SH SOLE 153000 0 0
Equity Residential Common Stock 29476L107 26573 644200 SH SOLE 644200 0 0
Equity Residential Properties Preferred Stock 29476L859 4027 177000 SH SOLE 177000 0 0
Eridania Beghin Say Foreign Stock 4089403 549 4000 SH SOLE 4000 0 0
ESG RE Limited Common Stock G31215109 2424 152700 SH SOLE 152700 0 0
Essex Property Trust Common Stock 297178105 379 13300 SH SOLE 13300 0 0
Ethan Allen Interiors Common Stock 297602104 1471 35400 SH DEFINED 01 35400 0 0
Executive Risk Common Stock 301586103 1434 20200 SH SOLE 20200 0 0
Exxon Corp Common Stock 302290101 13889 196836 SH SOLE 196836 0 0
F & M National Corp. Common Stock 302374103 147 5798 SH SOLE 5798 0 0
Fairview Holdings Foreign Stock 0432573 381 315000 SH SOLE 315000 0 0
Federal Home Loan Mtg Corp Com Common Stock 313400301 224628 3919350 SH SOLE 3919272 0 78
Federal National Mortgage Common Stock 313586109 3012 43500 SH SOLE 43500 0 0
Federal Realty Investment Trus Common Stock 313747206 8005 377800 SH SOLE 377800 0 0
Federated Investors, inc Common Stock 314211103 1075 59100 SH DEFINED 01 59100 0 0
Fifth Third Bancorp Common Stock 316773100 4042 61300 SH SOLE 61300 0 0
First Union Corp Common Stock 337358105 1945 36400 SH SOLE 36400 0 0
Firstar Corp. Common Stock 33763V109 2121 23700 SH DEFINED 01 23700 0 0
Flextronics International Common Stock Y2573F102 1816 35600 SH DEFINED 01 35600 0 0
Florida West Airlines Inc. Common Stock 343247102 0 4252 SH SOLE 4252 0 0
Focal Inc. Common Stock 343909107 249 35500 SH DEFINED 01 35500 0 0
Fortune Brands Common Stock 349631101 2537 65900 SH SOLE 65900 0 0
FPIC Insurance Group Common Stock 302563101 16783 404400 SH SOLE 404400 0 0
FPL Group Inc. Common Stock 302571104 17 300 SH SOLE 300 0 0
Furniture Brands International Common Stock 360921100 797 36000 SH DEFINED 01 36000 0 0
Gables Residential Common Stock 362418105 20272 924100 SH SOLE 924100 0 0
Gallaher Group PLC- ADR Common Stock 363595109 844 35900 SH SOLE 35900 0 0
Galleries Lafayette Foreign Stock 436060388 1232 1214 SH SOLE 1214 0 0
Gannett Co Common Stock 364730101 157402 2498439 SH SOLE 2498389 0 50
Gap Inc. Common Stock 364760108 451 6750 SH SOLE 6750 0 0
Gartner Group Inc. Common Stock 366651107 1128 50000 SH SOLE 50000 0 0
General Electric Co Common Stock 369604103 10702 96740 SH SOLE 96740 0 0
General Growth Properties Inc. Common Stock 370021107 93047 2868500 SH SOLE 2868500 0 0
General Growth Properties Inc. Preferred Stock 370021206 79691 3502900 SH SOLE 3502900 0 0
Gillette Co Common Stock 375766102 91451 1538600 SH SOLE 1538600 0 0
Glaxo Wellcome Ord Foreign Stock 0371784 229 11000 SH SOLE 11000 0 0
Glaxo Wellcome PLC Common Stock 37733W105 16038 239600 SH SOLE 239600 0 0
Glenborough Realty Trust Inc. Common Stock 37803P105 4765 280300 SH SOLE 280300 0 0
Glenborough Realty Trust Inc. Preferred Stock 37803P204 3696 224000 SH SOLE 224000 0 0
Globalstar Telecom Common Stock G3930H104 4830 348124 SH SOLE 348124 0 0
Golden West Financial Common Stock 381317106 108717 1138400 SH SOLE 1138400 0 0
Golf Trust America Inc. Common Stock 38168B103 13349 596600 SH SOLE 596600 0 0
Guaranty Financial Corp. Common Stock 401086103 155 13500 SH SOLE 13500 0 0
Gucci Group Foreign Stock 4655053 379 5000 SH SOLE 5000 0 0
H & R Block, Inc Common Stock 093671105 1123 23700 SH DEFINED 01 23700 0 0
Halliburton Co Common Stock 406216101 160791 4176384 SH SOLE 4176342 0 42
Hardcourt General Inc. Common Stock 41163G101 170012 3836654 SH SOLE 3836616 0 38
Harleysville Group Inc Common Stock 412824104 752 38800 SH SOLE 38800 0 0
Hasbro Inc. Common Stock 418056107 1037 35850 SH SOLE 35850 0 0
Hays Lemmerz International, In Common Stock 420781106 959 40800 SH DEFINED 01 40800 0 0
Hazlewood Foods Plc Foreign Stock 0416685 658 500000 SH SOLE 500000 0 0
Hearst-Argyle Television Inc. Common Stock 422317107 72 3113 SH SOLE 3113 0 0
Heineken NV Foreign Stock 441930104 1270 25000 SH SOLE 25000 0 0
Hewlett Packard Common Stock 428236103 950309 14013767 SH SOLE 14013627 0 140
Hillsdown Holdings Ord. Foreign Stock 0430726 498 600000 SH SOLE 600000 0 0
Hilton Hotels Corp. Common Stock 432848109 14600 1038200 SH SOLE 1038200 0 0
Home Depot Inc Common Stock 437076102 2216 35600 SH DEFINED 01 35600 0 0
Home Properties NY Inc. Common Stock 437306103 27713 1198400 SH SOLE 1198400 0 0
Hon Industries Common Stock 438092108 752 34300 SH DEFINED 01 34300 0 0
Horace Mann Educators Common Stock 440327104 18789 810300 SH SOLE 810300 0 0
Host Marriott Financial Trust Preferred Stock 441079209 1099 27900 SH SOLE 27900 0 0
Household International Inc. Common Stock 441815107 553161 12124087 SH SOLE 12123966 0 121
HSB Group, Inc. Common Stock 40428N109 5073 136650 SH SOLE 136650 0 0
I B M Com Common Stock 459200101 766856 4326406 SH SOLE 4326363 0 43
Illinois Tool Works Inc. Common Stock 452308109 1497 24200 SH DEFINED 01 24200 0 0
Imax Corp Common Stock 45245E109 1617 82900 SH DEFINED 01 82900 0 0
IMS Health Inc. Common Stock 449934108 378 11400 SH SOLE 11400 0 0
ING Groep NV Foreign Stock 505887729 688 12198 SH SOLE 12198 0 0
Intel Corp Common Stock 458140100 412903 3473419 SH SOLE 3473419 0 35
Interim Servics Inc Common Stock 45868P100 1242 82800 SH DEFINED 01 82800 0 0
International Paper Inc Common Stock 460146103 595 14100 SH SOLE 14100 0 0
Interpublic Group Cos Inc Common Stock 460690100 23 300 SH SOLE 300 0 0
iVillage Inc. Common Stock 46588H105 10 100 SH DEFINED 01 100 0 0
Jabil Circuit Inc Common Stock 466313103 960 23700 SH DEFINED 01 23700 0 0
JDN Realty Corp Common Stock 465917102 19237 967900 SH SOLE 967900 0 0
Johnson & Johnson Common Stock 478160104 81357 870125 SH SOLE 870125 0 0
Jones Lang Lasalle Common Stock 48020Q107 1242 41400 SH DEFINED 01 41400 0 0
Kansas City Southern Industrie Common Stock 485170104 2696 47300 SH DEFINED 01 47300 0 0
Keane Inc Common Stock 486665102 1270 59600 SH DEFINED 01 59600 0 0
Keebler Foods Co Common Stock 487256109 1256 34400 SH DEFINED 01 34400 0 0
Kimco Realty Corp. Common Stock 49446R109 3149 85400 SH SOLE 85400 0 0
Kita Kyu SHu Coca Cola BottlingForeign Stock 6491879 135270 27000 SH SOLE 27000 0 0
Kohls Corp Common Stock 500255104 3395 47900 SH DEFINED 01 47900 0 0
Koninklijke Philips Electric Foreign Stock 468520929 1531 20000 SH SOLE 20000 0 0
Koninklijke Philips Electronic Common Stock 500472105 67599 820000 SH SOLE 820000 0 0
Labor Ready Inc Common Stock 505401208 1881 72000 SH DEFINED 01 72000 0 0
Lear Corp Common Stock 521865105 1511 35400 SH DEFINED 01 35400 0 0
Leggett & Platt Common Stock 524660107 1838 91900 SH DEFINED 01 91900 0 0
Leucadia National Corp. Common Stock 527288104 5711 188800 SH SOLE 188800 0 0
Lexmark International Common Stock 529771107 4587 41000 SH DEFINED 01 41000 0 0
Lilly Eli & Co Common Stock 532457108 41563 489700 SH SOLE 489700 0 0
Lloyds TSB Group Foreign Stock 8706128 5873 389896 SH SOLE 389896 0 0
Loral Space & Commnications Lt Common Stock G56462107 9602 665100 SH SOLE 665100 0 0
Loral Space & Communication A Preferred Stock G56462149 3582 75400 SH SOLE 75400 0 0
Mack Cali Realty Corp. Common Stock 554489104 33473 1139500 SH SOLE 1139500 0 0
Markel Corp Common Stock 570535104 2469 13700 SH SOLE 13700 0 0
Marriott International Common Stock 571903202 149418 4443645 SH SOLE 4443601 0 44
Martin Marietta Common Stock 573284106 384120 6731570 SH SOLE 6731503 0 67
Masco Corp Common Stock 574599106 472096 16711349 SH SOLE 16711349 0 167
Maytag Corp Common Stock 578592107 2161 35800 SH SOLE 35800 0 0
MBNA Corporation Common Stock 55262L100 12193 510700 SH SOLE 510700 0 0
Mc Donalds Corp. Common Stock 580135101 1062085 23439120 SH SOLE 23439120 0 234
MCI Worldcom Inc. Common Stock 55268B106 2097 23680 SH DEFINED 01 23680 0 0
Meditrust Corp. Common Stock 58501T306 10855 872800 SH SOLE 872800 0 0
Merck & Co Inc Common Stock 589331107 85133 1062500 SH SOLE 1062500 0 0
Mercury General Corp. Common Stock 589400100 2134 61200 SH SOLE 61200 0 0
Midamerican Energy Holdings Common Stock 59562V107 840 30000 SH SOLE 30000 0 0
Mikuni Coca Cola Foreign Stock 6592147 48640 19000 SH SOLE 19000 0 0
Miller Herman Inc Common Stock 600544100 644 35300 SH DEFINED 01 35300 0 0
Minerals Technology Common Stock 603158106 1238 25800 SH DEFINED 01 25800 0 0
Mobil Corp Common Stock 607059102 1734 19700 SH SOLE 19700 0 0
Molex Inc Common Stock 608554101 107354 3654588 SH SOLE 3654551 0 37
Molex Inc Class A Common Stock 608554200 1072 41444 SH DEFINED 01 41444 0 0
Mondadori Editore Foreign Stock 404904369 552 35000 SH SOLE 35000 0 0
Morgan J P & Co Common Stock 616880100 3616 29309 SH SOLE 29309 0 0
Morgan Stanley Asia Pacific Common Stock 61744U106 34206 4275733 SH SOLE 4275733 0 0
Morgan Stanley Dean Witter & C Common Stock 617446448 582616 5829804 SH SOLE 5829687 0 117
Motorola Inc. Common Stock 620076109 105605 1441700 SH SOLE 1441700 0 0
Nabisco Holdings Corp Class A Common Stock 629526104 53 1260 SH SOLE 1260 0 0
Nestle SA Sponsored ADR Common Stock 641069406 9 100 SH SOLE 100 0 0
New England Electric Systems Common Stock 644001109 335 6900 SH SOLE 6900 0 0
New York Times Co. Common Stock 650111107 7971 279700 SH SOLE 279700 0 0
Newsquest Ord Foreign Stock 0164553 581 150000 SH SOLE 150000 0 0
Nielson Media Research Co. Common Stock 653929307 46 1865 SH SOLE 1865 0 0
North Fork Bancorp Inc Common Stock 659424105 862 40800 SH DEFINED 01 40800 0 0
Northern Trust Corp. Common Stock 665859104 1883 21200 SH DEFINED 01 21200 0 0
Novartis Ag ADR Common Stock 66987V109 106155 1308853 SH SOLE 1308827 0 26
Novartis Ag Foreign Stock Foreign Stock 504783903 1296 750 SH SOLE 750 0 0
Novellus System Common Stock 670008101 4410 80000 SH SOLE 80000 0 0
Nurnberger Beteil Foreign Stock 465213908 1273 1509 SH SOLE 1509 0 0
Nycomed Amer SHam Ord. Foreign Stock 0274753 646 120000 SH SOLE 120000 0 0
Office Depot Inc. Common Stock 676220106 3100 82800 SH DEFINED 01 82800 0 0
OM Group Inc Common Stock 670872100 1869 56650 SH DEFINED 01 56650 0 0
On Assignment Inc Common Stock 682159108 2122 82800 SH DEFINED 01 82800 0 0
Orion Capital Corp. Common Stock 686268103 6772 216700 SH SOLE 216700 0 0
Parametric Technology Corp Common Stock 699173100 593 30000 SH SOLE 30000 0 0
Parexel International Corp Common Stock 699462107 734 35500 SH DEFINED 01 35500 0 0
Parkway Properties Inc Common Stock 70159Q104 10855 385100 SH SOLE 385100 0 0
Paychex Inc Common Stock 704326107 2008 42325 SH DEFINED 01 42325 0 0
Pfizer Inc Common Stock 717081103 122807 885093 SH SOLE 885066 0 27
Philip Morris Co Inc. Common Stock 718154107 537708 15281216 SH SOLE 15281063 0 153
Post Properties Inc Common Stock 737464107 369 10300 SH SOLE 10300 0 0
Premier Parks Inc. A Preferred Stock 740540307 4840 80000 SH SOLE 80000 0 0
Premier Pks Inc Common Stock 740540208 20365 546700 SH DEFINED 01 546700 0 0
Progressive Cor Common Stock 743315103 523733 3649709 SH SOLE 3649673 0 36
Provident Companies Common Stock 743862104 6145 177800 SH SOLE 177800 0 0
Providian Financial Corp Common Stock 74406A102 62618 569250 SH SOLE 569250 0 0
Public Storage Inc. Common Stock 74460D109 42858 1714321 SH SOLE 1714321 0 0
Pulitzer Inc. Common Stock 745769109 79 1900 SH SOLE 1900 0 0
Quintiles Transnational Corpor Common Stock 748767100 1567 41500 SH DEFINED 01 41500 0 0
R.H. Donnelley Corp Common Stock 74955W109 17 1120 SH SOLE 1120 0 0
Reckson Associates Common Stock 75621K106 27227 1324100 SH SOLE 1324100 0 0
Reckson Associates Realty Corp Preferred Stock 75621K205 4686 230000 SH SOLE 230000 0 0
Reliastar Financial Corp. Common Stock 75952U103 50464 1183900 SH SOLE 1183900 0 0
Risk Capital Holdings Common Stock 767711104 1325 87600 SH SOLE 87600 0 0
RLI Corporation Common Stock 749607107 15903 543700 SH SOLE 543700 0 0
Robert Half Int Common Stock 770323103 2974 90650 SH DEFINED 01 90650 0 0
Rouse Co Common Stock 779273101 130977 5903200 SH SOLE 5903200 0 0
Rouse Co. B Preferred Stock 779273309 26291 705800 SH SOLE 705800 0 0
S.L. Green Realty Corp. A Preferred Stock 78440X200 14975 730500 SH SOLE 730500 0 0
Saatchi & Saatchi Ord. Foreign Stock 0158040 311 150000 SH SOLE 150000 0 0
Safeway Plc Foreign Stock 0049241 679 280000 SH SOLE 280000 0 0
Saks Inc. Common Stock 79377W108 762 29300 SH DEFINED 01 29300 0 0
SAP AG ADR SPONS PREF Foreign Stock 40 1535 SH SOLE 1535 0 0
SAP AG SPON ADR Foreign Stock 36 1375 SH SOLE 1375 0 0
SBC Communications Common Stock 78387G103 1118 23700 SH SOLE 23700 0 0
Schering Plough Corp Common Stock 806605101 3542 64100 SH SOLE 64100 0 0
Schlumberger Lt Common Stock 806857108 197396 3279688 SH DEFINED 01 3279688 0 0
Schwab Charles Common Stock 808513105 17031 177175 SH DEFINED 01 177175 0 0
Sealed Air Corp Common Stock 81211K100 217739 4426704 SH SOLE 4426704 0 0
Sealed Air Corp. A Preferred Stock 81211K209 19449 392900 SH SOLE 392896 0 4
Security Capital Group Inc. Cl Common Stock 81413P204 3225 241100 SH SOLE 241100 0 0
Selecta AG Foreign Stock 5236253 705 1500 SH SOLE 1500 0 0
Sempra Energy Common Stock 816851109 169 8800 SH SOLE 8800 0 0
Sepracor Inc Common Stock 817315104 1998 17800 SH DEFINED 01 17800 0 0
Smith Intl Inc Common Stock 832110100 45960 1149000 SH SOLE 1149000 0 0
Smithkline Beecham ADR Common Stock 832378301 368018 5147098 SH SOLE 5147098 0 51
Smiths Industries PLC Foreign Stock 0818270 453 50000 SH SOLE 50000 0 0
Somerfield PLC Foreign Stock 0821869 572 180000 SH SOLE 180000 0 0
Sonat Inc Common Stock 835415100 579 19300 SH SOLE 19300 0 0
Southern Co Common Stock 842587107 457 19600 SH SOLE 19600 0 0
Spieker Properties Inc Common Stock 848497103 17488 496100 SH SOLE 496100 0 0
Starwood Hotels and Resorts Wo Common Stock 85590A203 17960 628800 SH SOLE 628800 0 0
State Street Boston Corp Common Stock 857477103 110626 1345000 SH SOLE 1345000 0 0
Stepan Company Common Stock 858586100 122 5284 SH SOLE 5284 0 0
Sterling Commerce Inc Common Stock 859205106 2186 71100 SH DEFINED 01 71100 0 0
Stirling Cooke Brown Holdings Common Stock G84951105 106 15200 SH SOLE 15200 0 0
Storage USA Inc. Common Stock 861907103 11716 412900 SH SOLE 412900 0 0
Suntrust Banks Inc. Common Stock 867914103 60501 971900 SH SOLE 971900 0 0
Swiss Re Foreign Stock 4850029 983 300 SH SOLE 300 0 0
Synstar Foreign Stock 0532956 156 126000 SH SOLE 126000 0 0
Systeme, Anwendungen, Produkte Common Stock 803054204 64334 2445000 SH SOLE 2445000 0 0
Systeme, Anwendungen, Produkte Foreign Stock 4846868 97791 303500 SH SOLE 303500 0 0
Takeda Chemical Industries Foreign Stock 6870445 45900 10000 SH SOLE 10000 0 0
Tandy Corporation Common Stock 875382103 1512 23700 SH DEFINED 01 23700 0 0
Teleglobe Inc. Common Stock 87941V100 709 23400 SH DEFINED 01 23400 0 0
Telegraaf Holdings Foreign Stock 506291962 572 22500 SH SOLE 22500 0 0
Teradyne Inc Common Stock 880770102 971 17800 SH DEFINED 01 17800 0 0
Terranova Foods Ord. Foreign Stock 0424622 540 400000 SH SOLE 400000 0 0
Texas Instruments Inc Com Common Stock 882508104 797578 8036046 SH SOLE 8036046 0 0
Texas Utilities Co. Common Stock 882848104 7 160 SH SOLE 160 0 0
Three Five Systems Common Stock 88554L108 530 61500 SH SOLE 61500 0 0
Tiffany & Co. Common Stock 886547108 3984 53300 SH DEFINED 01 53300 0 0
Torstar Foreign Stock 2897642 379 35000 SH SOLE 35000 0 0
Tosco Financing Trust 144A Preferred Stock 891491201 1089 22800 SH SOLE 22800 0 0
Tosco Financing Trust A Preferred Stock 891491409 2846 59600 SH SOLE 59600 0 0
Transatlantic Hldgs Inc. Common Stock 893521104 439884 5865114 SH SOLE 5865055 0 59
Travelers Property Casualty Cl Common Stock 893939108 8398 234900 SH SOLE 234900 0 0
Tribune Co Com Common Stock 896047107 98693 1508201 SH SOLE 1508171 0 30
Twin City Financial Corp Common Stock 872275102 1850 71000 SH DEFINED 01 71000 0 0
Tyco International Limited Common Stock 902124106 214895 2995047 SH SOLE 2995017 0 30
U.S. Bancorp Common Stock 902973106 228146 6697875 SH SOLE 6697808 0 67
U.S. Restaurant Properties Inc Preferred Stock 902971209 4590 248100 SH SOLE 248100 0 0
UBS AG Foreign Stock 5485958 1163 2500 SH SOLE 2500 0 0
Union Camp Corp Common Stock 905530101 1296 19300 SH SOLE 19300 0 0
Union Pacific Capital Trust 14 Preferred Stock 907824205 5387 108000 SH SOLE 108000 0 0
United Dominion Realty TR Common Stock 910197102 4303 419800 SH SOLE 419800 0 0
Unum Corp Common Stock 903192102 290604 6109944 SH SOLE 6109883 0 61
US Restaurant Property Common Stock 902971100 8280 428750 SH SOLE 428750 0 0
USA Floral Product Inc Common Stock 90331T107 187 29600 SH DEFINED 01 29600 0 0
Vail Resorts, Inc. Common Stock 91879Q109 5791 364761 SH SOLE 364761 0 0
Vesta Insurance Group Common Stock 925391104 220 42900 SH SOLE 42900 0 0
VNU NV Foreign Stock 4970950 361 10000 SH SOLE 10000 0 0
Vornado Realty Tr SBI Common Stock 929042109 139968 4034215 SH SOLE 4034134 0 81
Vornado Realty Trust A Preferred Stock 929042208 7198 146900 SH SOLE 146900 0 0
Vtech Holdings Foreign Stock 6928560 4470 200000 SH SOLE 200000 0 0
Vulcan Materials Corp. Common Stock 929160109 168493 4078500 SH SOLE 4078500 0 0
W.R. Berkley Corp. Common Stock 084423102 14119 576300 SH SOLE 576300 0 0
Warner Lambert Common Stock 934488107 2981 45000 SH SOLE 45000 0 0
Wa SHington Mutual Common Stock 939322103 2923 71500 SH DEFINED 01 71500 0 0
Wa SHington Post Co Class B Common Stock 939640108 23311 44700 SH SOLE 44700 0 0
Waste Management Inc. Delivery Common Stock 94106L109 263151 5930161 SH SOLE 5930102 0 59
Weingarten Rlty Common Stock 948741103 4862 122700 SH SOLE 122700 0 0
Wells Fargo & Co New Common Stock 949746101 970053 27666386 SH SOLE 27614373 0 52013
Wisconsin Energy Common Stock 976657106 268 10300 SH SOLE 10300 0 0
WPP Group ORD Foreign Stock 0974042 9816 1840000 SH SOLE 1840000 0 0
WPP Group PLC ADR Common Stock 929309300 1765 20400 SH SOLE 20400 0 0
XL Capital Ltd. Common Stock G98255105 7381 121500 SH SOLE 121500 0 0
Zions Bancorp Common Stock 989701107 2361 35500 SH DEFINED 01 35500 0 0
</TABLE>
