<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
NAME OF ISSUER TITLE OF VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHORITY
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 127 4532 SH SOLE 4532 0 0
AETNA INC COM 008117103 4229 76300 SH SOLE 76300 0 0
AMERICAN CAPITAL STRATEGIES COM 024937104 1690 76400 SH SOLE 76400 0 0
AMERICAN NATIONAL CAN GROUP INC COM 027714104 1818 142600 SH SOLE 142600 0 0
AMR CORP COM 001765106 8287 123700 SH SOLE 123700 0 0
ANGLOGOLD ADR COM 35128206 5624 221667 SH SOLE 221667 0 0
BAKER HUGHES INC COM 57224107 5260 263000 SH SOLE 263000 0 0
BAXTER INTERNATIONAL INC. COM 071813109 7080 112500 SH SOLE 112500 0 0
BANK OF NEW YORK CO INC COM 064057102 10955 270500 SH SOLE 270500 0 0
BURLINGTON NORTHERN SANTA FE CORP COM 12189T104 4462 184500 SH SOLE 184500 0 0
CARDINAL HEALTH COM 14149Y108 4442 92305 SH SOLE 92305 0 0
CHUBB CORP COM 171232101 4805 85050 SH SOLE 85050 0 0
COLUMBIA HCA HEALTHCARE CORP COM 197677107 8083 280550 SH SOLE 280550 0 0
CONTINENTAL AIRLINES COM 210795308 3229 73300 SH SOLE 73300 0 0
DE BEERS ADR COM 240253302 8765 302900 SH SOLE 302900 0 0
DELPHI AUTO SYSTEMS COM 247126105 1562 102443 SH SOLE 102443 0 0
DUN & BRADSTREET COM 26483b106 7407 250000 SH SOLE 250000 0 0
EASTMAN KODAK COM 277461109 6235 95200 SH SOLE 95200 0 0
ERICSSON LM TELEPHONE CO ADR COM 294821400 1305 20700 SH SOLE 20700 0 0
FIRST DATA CORP COM 319963104 10285 205200 SH SOLE 205200 0 0
FLEET FINANCIAL GROUP INC COM 338915101 2962 84500 SH SOLE 84500 0 0
FLUOR CORP COM 343861100 5494 121600 SH SOLE 121600 0 0
FMC CORP COM 302491303 6065 107950 SH SOLE 107950 0 0
FREEPORT MCMORAN COPPER AND GOLD COM 35671D857 4347 210800 SH SOLE 210800 0 0
FRESENIUS MEDICAL CARE - ADS COM 358029106 95543 3397092 SH SOLE 3397092 0 0
GEON CO COM 37246W105 1597 48600 SH SOLE 48600 0 0
GEORGIA PACIFIC CORP COM 373298108 8210 165860 SH SOLE 165860 0 0
GEORGIA PACIFIC - TIMBER GROUP COM 373298702 2829 116400 SH SOLE 116400 0 0
GENERAL MOTORS CORP COM 370442105 10973 151100 SH SOLE 151100 0 0
HARCOURT GENERAL INC COM 41163G101 5526 138600 SH SOLE 138600 0 0
HEWLETT PACKARD COM 428236103 8246 71400 SH SOLE 71400 0 0
IMC GLOBAL INC COM 449669100 6128 371418 SH SOLE 371418 0 0
INCO LTD COM 453258402 8341 361700 SH SOLE 361700 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 7819 71900 SH SOLE 71900 0 0
INDUSTRIE NATUZZI SPA ADR COM 456478106 21067 1518389 SH SOLE 1518389 0 0
KROGER CO COM 501044101 6156 321900 SH SOLE 321900 0 0
LEAR CORP COM 521865105 4740 150200 SH SOLE 150200 0 0
LIMITED INC COM 532716107 7486 175883 SH SOLE 175883 0 0
LTV CORP COM 501921100 4422 1123263 SH SOLE 1123263 0 0
LUXOTTICA GROUP SPA ADR COM 55068R202 50648 2936127 SH SOLE 2936127 0 0
MCCORMICK & CO COM 579780206 5287 178100 SH SOLE 178100 0 0
MCMORAN EXPLORATION COM 582411104 358 17051 SH SOLE 17051 0 0
MERCURY GENERAL CORP COM 589400100 3378 154000 SH SOLE 154000 0 0
METRO GOLDWYN MAYER COM 591610100 5562 249999 SH SOLE 249999 0 0
MILLENIUM CHEMICALS INC COM 599903101 5719 298100 SH SOLE 298100 0 0
NEIMAN MARCUS GROUP INC CLASS B COM 640204202 1127 40349 SH SOLE 40349 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 6459 272700 SH SOLE 272700 0 0
PPG INDUSTRIES INC COM 693506107 7065 113500 SH SOLE 113500 0 0
PRIMEX TECHNOLOGIES COM 741597108 323 14800 SH SOLE 14800 0 0
READERS DIGEST "A" COM 755267101 5992 204000 SH SOLE 204000 0 0
RYANS FAMILY STEAKHOUSE COM 783519101 2094 251000 SH SOLE 251000 0 0
SOUTH AFRICAN BREWERIES ADR COM 836216309 1719 169129 SH SOLE 169129 0 0
SARA LEE COM 803111103 6884 309400 SH SOLE 309400 0 0
SBC COMMUNICATIONS INC COM 78387g103 9407 192452 SH SOLE 192452 0 0
SOLUTIA INC COM 834376105 3802 245300 SH SOLE 245300 0 0
TELEFONOS DE MEXICO SA ADR COM 879403780 6940 61550 SH SOLE 61550 0 0
TEMPLE INLAND COM 879868107 8249 128400 SH SOLE 128400 0 0
TOO INC COM 890333107 382 21870 SH SOLE 21870 0 0
TRW INC COM 872649108 6541 126400 SH SOLE 126400 0 0
UNION PACIFIC CORP COM 907818108 6179 143500 SH SOLE 143500 0 0
UNITRIN INC COM 913275103 7516 196500 SH SOLE 196500 0 0
UNOVA COM 2116842 2968 235100 SH SOLE 235100 0 0
VITRO SOCIEDAD ANONIMA ADR COM 928502301 4849 862050 SH SOLE 862050 0 0
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