<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 4577 71300 SH SOLE 71300 0 0
AGILENT TECHNOLOGIES INC COM 008464101 1862 25245 SH SOLE 25245 0 0
AMERICAN CAPITAL STRATEGIES COM 024937104 1516 63500 SH SOLE 63500 0 0
AMERICAN NATIONAL CAN GROUP INC COM 027714104 3283 191900 SH SOLE 191900 0 0
AMR CORP COM 001765106 9192 347700 SH SOLE 347700 0 0
ANGLOGOLD ADR COM 35128206 4661 226658 SH SOLE 226658 0 0
BAKER HUGHES INC COM 57224107 7552 236000 SH SOLE 236000 0 0
BAXTER INTERNATIONAL INC. COM 071813109 7699 109500 SH SOLE 109500 0 0
BERKSHIRE HATHAWAY "B" COM 084670207 7022 3990 SH SOLE 3990 0 0
BURLINGTON NORTHERN SANTA FE CORP COM 12189T104 8326 363000 SH SOLE 363000 0 0
CARDINAL HEALTH COM 14149Y108 6387 86305 SH SOLE 86305 0 0
CNH GLOBAL COM N20935107 2525 273000 SH SOLE 273000 0 0
COLUMBIA HCA HEALTHCARE CORP COM 197677107 8248 271550 SH SOLE 271550 0 0
CONTINENTAL AIRLINES COM 210795308 3708 78900 SH SOLE 78900 0 0
DE BEERS ADR COM 240253302 7449 306400 SH SOLE 306400 0 0
DELPHI AUTO SYSTEMS COM 247126105 1476 101325 SH SOLE 101325 0 0
DUN & BRADSTREET COM 26483b106 7047 246200 SH SOLE 246200 0 0
EASTMAN KODAK COM 277461109 5664 95200 SH SOLE 95200 0 0
EDWARDS LIFESCIENCE COM 28176E108 416 22500 SH SOLE 22500 0 0
ELECTRONIC DATA SYSTEMS CORP COM 285661104 3939 95500 SH SOLE 95500 0 0
ERICSSON LM TELEPHONE CO ADR COM 294821400 1656 82800 SH SOLE 82800 0 0
FIRST DATA CORP COM 319963104 9612 193700 SH SOLE 193700 0 0
FLEET FINANCIAL GROUP INC COM 338915101 2805 82500 SH SOLE 82500 0 0
FLUOR CORP COM 343861100 3846 121600 SH SOLE 121600 0 0
FMC CORP COM 302491303 6252 107800 SH SOLE 107800 0 0
FREEPORT MCMORAN COPPER AND GOLD COM 35671D857 1950 210800 SH SOLE 210800 0 0
FRESENIUS MEDICAL CARE - ADS COM 358029106 79371 3030856 SH SOLE 3030856 0 0
GEORGIA PACIFIC CORP COM 373298108 4149 158060 SH SOLE 158060 0 0
GEORGIA PACIFIC - TIMBER GROUP COM 373298702 2474 114400 SH SOLE 114400 0 0
GENERAL MOTORS CORP COM 370442105 8947 154100 SH SOLE 154100 0 0
HARCOURT GENERAL INC COM 41163G101 7509 138100 SH SOLE 138100 0 0
HEWLETT PACKARD COM 428236103 8267 66200 SH SOLE 66200 0 0
IMC GLOBAL INC COM 449669100 9815 755018 SH SOLE 755018 0 0
INCO LTD COM 453258402 5454 354700 SH SOLE 354700 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 7658 69900 SH SOLE 69900 0 0
INDUSTRIE NATUZZI SPA ADR COM 456478106 18261 1537789 SH SOLE 1537789 0 0
KROGER CO COM 501044101 6797 308100 SH SOLE 308100 0 0
LEAR CORP COM 521865105 3124 156200 SH SOLE 156200 0 0
LIMITED INC COM 532716107 7144 330366 SH SOLE 330366 0 0
LOCKHEED MARTIN CORP COM 539830109 3747 151000 SH SOLE 151000 0 0
LTV CORP COM 501921100 3225 1121763 SH SOLE 1121763 0 0
LUXOTTICA GROUP SPA ADR COM 55068R202 72358 5937054 SH SOLE 5937054 0 0
MANDALAY RESORT GROUP COM 562567107 4280 214000 SH SOLE 214000 0 0
MATTEL COM 577081102 3455 262000 SH SOLE 262000 0 0
MCCORMICK & CO COM 579780206 6731 207100 SH SOLE 207100 0 0
MCMORAN EXPLORATION COM 582411104 276 16708 SH SOLE 16708 0 0
MERCURY GENERAL CORP COM 589400100 3898 165000 SH SOLE 165000 0 0
MILLENIUM CHEMICALS INC COM 599903101 5425 319100 SH SOLE 319100 0 0
NEIMAN MARCUS GROUP INC CLASS B COM 640204202 1121 40399 SH SOLE 40399 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 7297 274700 SH SOLE 274700 0 0
PPG INDUSTRIES INC COM 693506107 5229 118000 SH SOLE 118000 0 0
PRIMEX TECHNOLOGIES COM 741597108 281 12760 SH SOLE 12760 0 0
READERS DIGEST "A" COM 755267101 8109 204000 SH SOLE 204000 0 0
RYANS FAMILY STEAKHOUSE COM 783519101 2371 281000 SH SOLE 281000 0 0
SOUTH AFRICAN BREWERIES ADR COM 836216309 932 124811 SH SOLE 124811 0 0
SABRE HOLDINGS CORP COM 785905100 2630 92279 SH SOLE 92279 0 0
SARA LEE COM 803111103 5975 309400 SH SOLE 309400 0 0
SBC COMMUNICATIONS INC COM 78387G103 7826 180952 SH SOLE 180952 0 0
TELEFONOS DE MEXICO SA ADR COM 879403780 6735 117900 SH SOLE 117900 0 0
TEMPLE INLAND COM 879868107 5771 137400 SH SOLE 137400 0 0
TOO INC COM 890333107 484 19039 SH SOLE 19039 0 0
TOYS "R" US COM 892335100 6495 446000 SH SOLE 446000 0 0
TRW INC COM 872649108 5656 130400 SH SOLE 130400 0 0
UNITRIN INC COM 913275103 5611 191000 SH SOLE 191000 0 0
UNOVA COM 2116842 1695 231800 SH SOLE 231800 0 0
VITRO SOCIEDAD ANONIMA ADR COM 928502301 2632 825650 SH SOLE 825650 0 0
WASTE MANAGEMENT INC COM 94106L109 6631 349000 SH SOLE 349000 0 0
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