<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
TITLE OF VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP x$1000 PRN AMT PRN DSCRETN MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABERCROMBIE & FITCH COM 002896207 341 3697 SH SOLE 3697 0 0
ABERCROMBIE & FITCH COM 002896207 287 3116 SH DEFINED 01 0 0 3116
AMERITECH CORP COM 030954101 15028 260800 SH SOLE 260800 0 0
AMERITECH CORP COM 030954101 7347 127500 SH DEFINED 01 0 0 127500
AMR CORP COM 001765106 9820 167700 SH SOLE 167700 0 0
AMR CORP COM 001765106 6195 105800 SH DEFINED 01 0 0 105800
BAKER HUGHES INC COM 57224107 5786 238000 SH SOLE 238000 0 0
BAKER HUGHES INC COM 57224107 3525 145000 SH DEFINED 01 0 0 145000
BAXTER INTERNATIONAL INC. COM 071813109 10936 165700 SH SOLE 165700 0 0
BAXTER INTERNATIONAL INC. COM 071813109 7055 106900 SH DEFINED 01 0 0 106900
BANK OF NEW YORK CO INC COM 064057102 16261 452500 SH SOLE 452500 0 0
BANK OF NEW YORK CO INC COM 064057102 8445 235000 SH DEFINED 01 0 0 235000
BURLINGTON NORTHERN SANTA FE CORP COM 12189T104 8228 250300 SH SOLE 250300 0 0
BURLINGTON NORTHERN SANTA FE CORP COM 12189T104 5478 166650 SH DEFINED 01 0 0 166650
CARDINAL HEALTH COM 14149Y108 7230 109550 SH SOLE 109550 0 0
CARDINAL HEALTH COM 14149Y108 4051 61384 SH DEFINED 01 0 0 61384
CHUBB CORP COM 171232101 6526 111450 SH SOLE 111450 0 0
CHUBB CORP COM 171232101 4562 77900 SH DEFINED 01 0 0 77900
COLUMBIA HCA HEALTHCARE CORP COM 197677107 7025 371000 SH SOLE 371000 0 0
COLUMBIA HCA HEALTHCARE CORP COM 197677107 3995 211000 SH DEFINED 01 0 0 211000
EASTMAN KODAK COM 277461109 6611 103500 SH SOLE 103500 0 0
EASTMAN KODAK COM 277461109 3832 60000 SH DEFINED 01 0 0 60000
ERICSSON LM TELEPHONE CO ADR COM 294821400 919 38400 SH SOLE 38400 0 0
ERICSSON LM TELEPHONE CO ADR COM 294821400 134 5600 SH DEFINED 01 0 0 5600
FILA HOLDINGS SPA ADR COM 316850106 7493 908300 SH SOLE 908300 0 0
FILA HOLDINGS SPA ADR COM 316850106 437 53000 SH DEFINED 01 0 0 53000
FIRST DATA CORP COM 319963104 13893 325000 SH SOLE 325000 0 0
FIRST DATA CORP COM 319963104 8678 203000 SH DEFINED 01 0 0 203000
FLEET FINANCIAL GROUP INC COM 338915101 8224 218600 SH SOLE 218600 0 0
FLEET FINANCIAL GROUP INC COM 338915101 4808 127800 SH DEFINED 01 0 0 127800
FMC CORP COM 302491303 6401 129650 SH SOLE 129650 0 0
FMC CORP COM 302491303 4656 94300 SH DEFINED 01 0 0 94300
FRESENIUS MEDICAL CARE - ADS COM 358029106 74907 3710600 SH SOLE 3710600 0 0
FRESENIUS MEDICAL CARE - ADS COM 358029106 3100 153600 SH DEFINED 01 0 0 153600
GEON CO COM 37246W105 7659 336700 SH SOLE 336700 0 0
GEON CO COM 37246W105 5039 221500 SH DEFINED 01 0 0 221500
GEORGIA PACIFIC CORP COM 373298108 9643 129880 SH SOLE 129880 0 0
GEORGIA PACIFIC CORP COM 373298108 5576 75100 SH DEFINED 01 0 0 75100
GENERAL MOTORS CORP COM 370442105 18000 206900 SH SOLE 206900 0 0
GENERAL MOTORS CORP COM 370442105 10946 125821 SH DEFINED 01 0 0 125821
HARCOURT GENERAL INC COM 41163G101 7896 178200 SH SOLE 178200 0 0
HARCOURT GENERAL INC COM 41163G101 5738 129500 SH DEFINED 01 0 0 129500
IMC GLOBAL INC COM 449669100 5549 271557 SH SOLE 271557 0 0
IMC GLOBAL INC COM 449669100 3142 153740 SH DEFINED 01 0 0 153740
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 13595 76700 SH SOLE 76700 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 8035 45332 SH DEFINED 01 0 0 45332
INDUSTRIE NATUZZI SPA ADR COM 456478106 22430 1359435 SH SOLE 1359435 0 0
INDUSTRIE NATUZZI SPA ADR COM 456478106 1419 86000 SH DEFINED 01 0 0 86000
JOHNSON & JOHNSON COM 478160104 10266 109800 SH SOLE 109800 0 0
JOHNSON & JOHNSON COM 478160104 6077 65000 SH DEFINED 01 0 0 65000
KROGER CO COM 501044101 8340 139300 SH SOLE 139300 0 0
KROGER CO COM 501044101 4909 82000 SH DEFINED 01 0 0 82000
LIMITED INC COM 532716107 10753 271383 SH SOLE 271383 0 0
LIMITED INC COM 532716107 7766 196000 SH DEFINED 01 0 0 196000
LTV CORP COM 501921100 7061 1313763 SH SOLE 1313763 0 0
LTV CORP COM 501921100 4034 750600 SH DEFINED 01 0 0 750600
LUXOTTICA GROUP SPA ADR COM 55068R202 38180 2965500 SH SOLE 2965500 0 0
LUXOTTICA GROUP SPA ADR COM 55068R202 1590 123500 SH DEFINED 01 0 0 123500
MCCORMICK & CO COM 579780206 7194 248100 SH SOLE 248100 0 0
MCCORMICK & CO COM 579780206 4086 140900 SH DEFINED 01 0 0 140900
MERCURY GENERAL CORP COM 589400100 6573 188500 SH SOLE 188500 0 0
MERCURY GENERAL CORP COM 589400100 3731 107000 SH DEFINED 01 0 0 107000
MILLENIUM CHEMICALS INC COM 599903101 9063 456000 SH SOLE 456000 0 0
MILLENIUM CHEMICALS INC COM 599903101 5127 258000 SH DEFINED 01 0 0 258000
PHILIP MORRIS COMPANIES INC COM 718154107 6773 192500 SH SOLE 192500 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 3835 109000 SH DEFINED 01 0 0 109000
PPG INDUSTRIES INC COM 693506107 8220 160400 SH SOLE 160400 0 0
PPG INDUSTRIES INC COM 693506107 5227 102000 SH DEFINED 01 0 0 102000
PRIMEX TECHNOLOGIES COM 741597108 497 23960 SH SOLE 23960 0 0
RAYTHEON CO COM 755111101 646 11193 SH SOLE 11193 0 0
RAYTHEON CO COM 755111101 398 6892 SH DEFINED 01 0 0 6892
READERS DIGEST "A" COM 755267101 9651 307000 SH SOLE 307000 0 0
READERS DIGEST "A" COM 755267101 6193 197000 SH DEFINED 01 0 0 197000
RYANS FAMILY STEAKHOUSE COM 783519101 4053 336000 SH SOLE 336000 0 0
RYANS FAMILY STEAKHOUSE COM 783519101 2303 191000 SH DEFINED 01 0 0 191000
TELEFONOS DE MEXICO SA ADR COM 879403780 23439 355150 SH SOLE 355150 0 0
TEMPLE INLAND COM 879868107 11295 180000 SH SOLE 180000 0 0
TEMPLE INLAND COM 879868107 6839 109000 SH DEFINED 01 0 0 109000
GRUPO TELEVISA SA ADR COM 40049J206 9649 307550 SH SOLE 307550 0 0
TRW INC COM 872649108 7398 162600 SH SOLE 162600 0 0
TRW INC COM 872649108 4900 107700 SH DEFINED 01 0 0 107700
UNION PACIFIC CORP COM 907818108 12477 233500 SH SOLE 233500 0 0
UNION PACIFIC CORP COM 907818108 8582 160600 SH DEFINED 01 0 0 160600
UNION PACIFIC RESOURCES GROUP INC COM 868453101 785 66162 SH SOLE 66162 0 0
UNITRIN INC COM 913275103 8812 282000 SH SOLE 282000 0 0
UNITRIN INC COM 913275103 6000 192000 SH DEFINED 01 0 0 192000
UNITED TECHNOLOGIES CORP COM 913017109 12555 92700 SH SOLE 92700 0 0
UNITED TECHNOLOGIES CORP COM 913017109 8762 64700 SH DEFINED 01 0 0 64700
VITRO SOCIEDAD ANONIMA ADR COM 928502301 7475 1286050 SH SOLE 1286050 0 0
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