<TABLE>
FORM 13F INFORMATION 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>
AETNA INC COM 008117103 4234 76300 SH SOLE 76300 0 0
AMERICAN CAPITAL STRATEGIES COM 024937104 1938 76400 SH SOLE 76400 0 0
AMERICAN NATIONAL CAN GROUP INC COM 027714104 2518 191900 SH SOLE 191900 0 0
AMR CORP COM 001765106 4070 127700 SH SOLE 127700 0 0
ANGLOGOLD ADR COM 35128206 5096 212358 SH SOLE 212358 0 0
BAKER HUGHES INC COM 57224107 7955 263000 SH SOLE 263000 0 0
BAXTER INTERNATIONAL INC. COM 071813109 7052 112500 SH SOLE 112500 0 0
BANK OF NEW YORK CO INC COM 064057102 10972 264000 SH SOLE 264000 0 0
BURLINGTON NORTHERN SANTA FE CORP COM 12189T104 5346 235000 SH SOLE 235000 0 0
CARDINAL HEALTH COM 14149Y108 4234 92305 SH SOLE 92305 0 0
CHUBB CORP COM 171232101 6421 95050 SH SOLE 95050 0 0
COLUMBIA HCA HEALTHCARE CORP COM 197677107 7076 279550 SH SOLE 279550 0 0
CONTINENTAL AIRLINES COM 210795308 3265 79900 SH SOLE 79900 0 0
DE BEERS ADR COM 240253302 6534 284900 SH SOLE 284900 0 0
DELPHI AUTO SYSTEMS COM 247126105 1621 101325 SH SOLE 101325 0 0
DUN & BRADSTREET COM 26483b106 7133 249200 SH SOLE 249200 0 0
EASTMAN KODAK COM 277461109 5170 95200 SH SOLE 95200 0 0
ERICSSON LM TELEPHONE CO ADR COM 294821400 1941 20700 SH SOLE 20700 0 0
FIRST DATA CORP COM 319963104 9105 205200 SH SOLE 205200 0 0
FLEET FINANCIAL GROUP INC COM 338915101 3084 84500 SH SOLE 84500 0 0
FLUOR CORP COM 343861100 3769 121600 SH SOLE 121600 0 0
FMC CORP COM 302491303 6373 112800 SH SOLE 112800 0 0
FREEPORT MCMORAN COPPER AND GOLD COM 35671D857 2542 210800 SH SOLE 210800 0 0
FRESENIUS MEDICAL CARE - ADS COM 358029106 72482 2988956 SH SOLE 2988956 0 0
GEORGIA PACIFIC CORP COM 373298108 6530 165060 SH SOLE 165060 0 0
GEORGIA PACIFIC - TIMBER GROUP COM 373298702 2931 114400 SH SOLE 114400 0 0
GENERAL MOTORS CORP COM 370442105 13009 157100 SH SOLE 157100 0 0
HARCOURT GENERAL INC COM 41163G101 5144 138100 SH SOLE 138100 0 0
HEWLETT PACKARD COM 428236103 9460 71200 SH SOLE 71200 0 0
IMC GLOBAL INC COM 449669100 10678 727018 SH SOLE 727018 0 0
INCO LTD COM 453258402 6609 359700 SH SOLE 359700 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 8484 71900 SH SOLE 71900 0 0
INDUSTRIE NATUZZI SPA ADR COM 456478106 17821 1541289 SH SOLE 1541289 0 0
KROGER CO COM 501044101 5639 321100 SH SOLE 321100 0 0
LEAR CORP COM 521865105 4618 164200 SH SOLE 164200 0 0
LIMITED INC COM 532716107 7358 174683 SH SOLE 174683 0 0
LTV CORP COM 501921100 4270 1198763 SH SOLE 1198763 0 0
LUXOTTICA GROUP SPA ADR COM 55068R202 73258 2990127 SH SOLE 2990127 0 0
MCCORMICK & CO COM 579780206 7194 223100 SH SOLE 223100 0 0
MCMORAN EXPLORATION COM 582411104 316 16708 SH SOLE 16708 0 0
MERCURY GENERAL CORP COM 589400100 4926 167000 SH SOLE 167000 0 0
MICRON TECHNOLOGY INC COM 595112103 11302 89700 SH SOLE 89700 0 0
MILLENIUM CHEMICALS INC COM 599903101 6382 319100 SH SOLE 319100 0 0
NEIMAN MARCUS GROUP INC CLASS B COM 640204202 1123 40339 SH SOLE 40339 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 5760 272700 SH SOLE 272700 0 0
PPG INDUSTRIES INC COM 693506107 6172 118000 SH SOLE 118000 0 0
PRIMEX TECHNOLOGIES COM 741597108 306 14360 SH SOLE 14360 0 0
READERS DIGEST "A" COM 755267101 7216 204000 SH SOLE 204000 0 0
RYANS FAMILY STEAKHOUSE COM 783519101 2687 281000 SH SOLE 281000 0 0
SOUTH AFRICAN BREWERIES ADR COM 836216309 953 124811 SH SOLE 124811 0 0
SARA LEE COM 803111103 5569 309400 SH SOLE 309400 0 0
SBC COMMUNICATIONS INC COM 78387G103 8149 193452 SH SOLE 193452 0 0
TELEFONOS DE MEXICO SA ADR COM 879403780 7875 118200 SH SOLE 118200 0 0
TEMPLE INLAND COM 879868107 6943 139400 SH SOLE 139400 0 0
TOO INC COM 890333107 679 21513 SH SOLE 21513 0 0
TRW INC COM 872649108 7862 134400 SH SOLE 134400 0 0
UNION PACIFIC CORP COM 907818108 5614 143500 SH SOLE 143500 0 0
UNITRIN INC COM 913275103 7830 197000 SH SOLE 197000 0 0
UNOVA COM 2116842 3129 231800 SH SOLE 231800 0 0
VITRO SOCIEDAD ANONIMA ADR COM 928502301 3899 821050 SH SOLE 821050 0 0
</TABLE>
