Form 13F COVER PAGE
Report for the calendar Year of Quarter Ended: March 31, 2000
Institutional Investment Manager Filing this Report:
Copper Mountain Trust
601 SW 2nd Ave, Suite 1800
Portland, OR 97204
13F File Number: 28-6594
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 summit it, 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:
Sue E Massey
Lead Cash Processor
503-295-3600 x6342
Sue E Massey, Portland, OR, May 8, 2000
13F Holdings Report
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
KNIGHTS BRIDGE TANKERS G5299G106 325 18300 SH SOLE
18300 0 0
PXRE GROUP LTD FKA PXRE CORP G73018106 399 23500 SH SOLE
23500 0 0
ADC TELECOMMUNICATIONS COM 000886101 1077 20000 SH SOLE
0 20000 0
AK STEEL HOLDING CORP 001547108 301 29100 SH SOLE
25900 3200 0
AT & T CORP 001957109 2046 36344 SH SOLE
14059 22285 0
AT&T CORP-LIBERTY MEDIA A 001957208 1045 17627 SH SOLE
17627 0 0
ABBOTT LABS COM 002824100 2457 69863 SH SOLE
1663 68200 0
ACTUATE SOFTWARE CORP 00508B102 344 6400 SH SOLE
6400 0 0
ADVENT SOFTWARE 007974108 440 9600 SH SOLE
9600 0 0
ALCOA INC 013817101 227 3241 SH SOLE
641 2000 600
ALLSTATE CORP 020002101 237 9956 SH SOLE
556 9400 0
ALLTEL CORP 020039103 3206 50700 SH SOLE
2430 48270 0
ALPHA INDS. INC COM 020753109 228 2400 SH SOLE
2400 0 0
AMERICA ONLINE INC 02364J104 237 3519 SH SOLE
3419 100 0
AMERICAN EXPRESS CO 025816109 672 4515 SH SOLE
4515 0 0
AMERICAN HOME PRODUCTS CORP 026609107 3555 66148 SH SOLE
7033 59115 0
AMERICAN INTERNATIONAL GROUP, INC 026874107 714 6523 SH SOLE
6523 0 0
AMGEN, INC 031162100 2718 44305 SH SOLE
12305 32000 0
ANADIGICS INC 032515108 1603 24300 SH SOLE
0 24300 0
ANAREN MICROWAVE 032744104 488 5100 SH SOLE
5100 0 0
ANNALY MTG MANAGEMENT 035710409 201 22400 SH SOLE
22400 0 0
APPLIED MICROSYSTEMS 037935103 937 60000 SH SOLE
0 60000 0
APPLIED MATERIALS 038222105 492 5228 SH SOLE
4828 400 0
APPLIED SCIENCE & TECH 038236105 907 30000 SH SOLE
0 30000 0
ASHLAND INCORPORATED COM 044204105 209 6300 SH SOLE
0 6300 0
AUTOMATIC DATA PROCESSING, INC 053015103 461 9559 SH SOLE
9559 0 0
AVON PRODS INC COM 054303102 1993 68160 SH SOLE
2260 65900 0
BMC SOFTWARE INC 055921100 2064 41811 SH SOLE
1811 40000 0
BANK OF AMERICA CORPORATION 060505104 323 6172 SH SOLE
672 5500 0
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
BANK NEW YORK INC COM 064057102 810 19491 SH SOLE
19491 0 0
BAXTER INTERNATIONAL 071813109 1694 27038 SH SOLE
8263 18775 0
BECTON DICKINSON & CO 075887109 2141 81380 SH SOLE
15080 65200 1100
BED BATH & BEYOND INC COM 075896100 2741 69645 SH SOLE
1645 68000 0
BELLSOUTH CORP 079860102 756 16138 SH SOLE
9538 6600 0
BIOSITE DIAGNOSTICS 090945106 487 20000 SH SOLE
0 20000 0
BOEING CO COM 097023105 214 5675 SH SOLE
475 5200 0
BOSTON SCIENTIFIC CORP 101137107 2111 99090 SH SOLE
2690 96400 0
BRISTOL MYERS-SQUIBB CO (FKA BRISTOL MYERS) 110122108 2607 44952 SH SOLE
3952 41000 0
BROOKS AUTOMATION, INC 11434A100 1250 20000 SH SOLE
0 20000 0
CIGNA CORPORATION 125509109 205 2708 SH SOLE
8 2700 0
CARNIVAL CORP CL A 143658102 552 22251 SH SOLE
22251 0 0
CASCADE BANCORP 147154108 442 52015 SH SOLE
52015 0 0
CATO CORP. CL A 149205106 398 33900 SH SOLE
33900 0 0
CENTURY ALUMINUM CO COM 156431108 192 14000 SH SOLE
14000 0 0
CHARLES RIVER ASSOC 159852102 240 12400 SH SOLE
12400 0 0
CHASE MANHATTAN CORP NEW AKF: CHEMICAL COM 16161A108 2580 29598 SH SOLE
10523 19075 0
CHEVRON CORPORATION COM 166751107 539 5841 SH SOLE
5841 0 0
CHOLESTECH 170393102 169 20000 SH SOLE
0 20000 0
CISCO SYSTEMS 17275R102 1066 13798 SH SOLE
12598 1200 0
CITIGROUP INC 172967101 647 10809 SH SOLE
10809 0 0
COCA COLA CO COM 191216100 2306 49140 SH SOLE
3440 45700 0
COCA COLA ENTERPRISE 191219104 292 13550 SH SOLE
13550 0 0
COMMERCIAL FED CORP 201647104 194 11700 SH SOLE
11700 0 0
COMPUTER ASSOCIATES 204912109 2122 35858 SH SOLE
2458 33400 0
COMPUWARE CORPORATION 205638109 2384 113234 SH SOLE
24634 88600 0
CONOCO INC CL B 208251405 1780 69512 SH SOLE
3152 66360 0
CONSECO CO INC 208464107 1316 115175 SH SOLE
4575 110600 0
COSTCO WHOLESALE CORP NEW 22160K105 540 10278 SH SOLE
10278 0 0
COUNTRYWIDE CR INDS INC 222372104 247 9100 SH SOLE
500 7600 1000
CREDENCE SYSTEMS CORP 225302108 625 5000 SH SOLE
0 5000 0
CREO PRODUCTS INC 225606102 344 7900 SH SOLE
7900 0 0
CYBER OPTICS CORP 232517102 1060 25000 SH SOLE
0 25000 0
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
CYLINK CORPORATION 232565101 362 25000 SH SOLE
0 25000 0
DARDEN RESTAURANTS INC COM 237194105 357 20100 SH SOLE
1200 16200 2700
DAVID'S BRIDAL 238576102 300 24900 SH SOLE
24900 0 0
DAVOX CORP 239208101 401 15000 SH SOLE
0 15000 0
DELTA AIRLINES 247361108 213 4000 SH SOLE
0 4000 0
DIAMOND TECHNOLOGY PARTNERS 252762109 210 3200 SH SOLE
3200 0 0
DIGITAL MICROWAVE CORP 253859102 2099 62000 SH SOLE
0 62000 0
DIME BANCORP INC 25429Q102 222 12000 SH SOLE
7100 4900 0
DOLLAR GENERAL 256669102 2409 89674 SH SOLE
2636 87038 0
DOVER CORP 260003108 755 15773 SH SOLE
15773 0 0
DOW CHEM CO COM 260543103 240 2111 SH SOLE
311 1800 0
DYNEGY INC NEW CL A 26816Q101 1453 23175 SH SOLE
1495 21680 0
EMC CORPORATION 268648102 2867 22759 SH SOLE
6234 16525 0
EDUCATION MGMT CORP 28139T101 264 18300 SH SOLE
18300 0 0
EMCORE CORP 290846104 575 5000 SH SOLE
0 5000 0
ENNIS BUSINESS FORMS INC 293389102 83 11500 SH SOLE
11500 0 0
EPICOR SOFTWARE CORP FKA PLATINUM SOFTWARE CO29426L108 187 22000 SH SOLE
0 22000 0
EXXON MOBIL CORPORATION 30231G102 940 12071 SH SOLE
10571 1500 0
EZENIA! INC FKA VIDEOSERVER INC 302311105 262 25000 SH SOLE
0 25000 0
F.Y.I., INC 302712104 302 11170 SH SOLE
11170 0 0
FANNIE MAE 313586109 3645 64449 SH SOLE
3689 60760 0
FIRST DATA CORP 319963104 686 15461 SH SOLE
15461 0 0
FLEETBOSTON FINANCIAL CORP FKA FLEET BOSTON CP 339030108 1581 43322 SH SOLE
2917 40405 0
FORD MOTOR COMPANY 345370100 277 6042 SH SOLE
1142 4000 900
FORRESTER RESEARCH INC 346563109 385 7100 SH SOLE
7100 0 0
FRANKLIN RESOURCES 354613101 2186 65405 SH SOLE
1805 63600 0
FRED'S INC 356108100 169 11100 SH SOLE
11100 0 0
GTE CORPORATION 362320103 779 10977 SH SOLE
7777 3200 0
THE GAP, INC 364760108 2356 47310 SH SOLE
1560 45750 0
GARAN INC 364802108 272 10800 SH SOLE
10800 0 0
GENERAL ELEC CO COM 369604103 1224 7869 SH SOLE
7869 0 0
GENERAL MOTORS CORPORATION 370442105 316 3820 SH SOLE
1320 2500 0
GENERAL MOTORS CLASS H NEW 370442832 475 3820 SH SOLE
3820 0 0
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
GEON COMPANY 37246W105 230 10700 SH SOLE
10700 0 0
GEORGIA PAC CORP COM GA PAC GRP 373298108 301 7616 SH SOLE
2016 5600 0
GOLDEN WEST FINL CORP DELCOM 381317106 219 7042 SH SOLE
42 7000 0
GOLDMAN SACHS GROUP 38141G104 726 6900 SH SOLE
6900 0 0
HNC SOFTWARE INC COM 40425P107 360 5000 SH SOLE
0 5000 0
HARCOURT GENERAL INC 41163G101 379 10190 SH SOLE
10190 0 0
HAVEN BANCORP INC 419352109 318 20400 SH SOLE
20400 0 0
HEALTHPLAN SERVICES 421959107 345 74700 SH SOLE
74700 0 0
HEILIG MEYERS CO COM 422893107 214 54500 SH SOLE
54500 0 0
HEINZ & CO 423074103 265 7627 SH SOLE
7627 0 0
HELIX TECHNOLOGY 423319102 1537 25600 SH SOLE
24100 1500 0
HEWLETT PACKARD CO COM 428236103 693 5216 SH SOLE
3216 2000 0
HISPANIC BROADCASTING CORP 43357B104 576 5091 SH SOLE
5091 0 0
HOLLY CORP 435758305 192 16700 SH SOLE
16700 0 0
HOME DEPOT INC COM 437076102 595 9235 SH SOLE
9235 0 0
HOT TOPIC, INC 441339108 665 19000 SH SOLE
19000 0 0
HOUSEHOLD INTERNATIONAL INC 441815107 235 6315 SH SOLE
915 5400 0
ICO INCORPORATED 449293109 39 24700 SH SOLE
24700 0 0
ISB FINANCIAL CORP 450091103 218 16200 SH SOLE
16200 0 0
IMPAC MORTGAGE HOLDINGS 45254P102 63 18100 SH SOLE
18100 0 0
INFINIUM SOFTWARE FKA SOFTWARE 2000 45662Y109 103 20000 SH SOLE
0 20000 0
INGLES MARKETS INC CLASS A 457030104 139 13400 SH SOLE
13400 0 0
INTEL CORP COM 458140100 3164 23986 SH SOLE
6986 17000 0
INTERMEDIA COMMUNICATIONS 458801107 320 6630 SH SOLE
6630 0 0
INTERNATIONAL BUS MACHINES COMMON 459200101 1183 10028 SH SOLE
8128 1900 0
ADR INTERNET INFRASTRUCTURE 46059V104 434 6400 SH SOLE
6400 0 0
ITRON INCORPORATED 465741106 207 30000 SH SOLE
0 30000 0
JOHNSON & JOHNSON COM 478160104 587 8365 SH SOLE
8365 0 0
KANSAS CITY SOUTHERN INDS 485170104 844 9830 SH SOLE
9830 0 0
KENNAMETAL, INC 489170100 393 13100 SH SOLE
13100 0 0
KIMBERLY-CLARK CORPORATION 494368103 1680 29984 SH SOLE
3964 26020 0
LSI LOGIC CORP 502161102 205 2824 SH SOLE
824 2000 0
LECROY CORPORATION 52324W109 472 30000 SH SOLE
0 30000 0
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
LIGHTBRIDGE INC 532226107 934 40000 SH SOLE
0 40000 0
LUCENT TECHNOLOGIES 549463107 518 8467 SH SOLE
7067 800 600
MBNA CORP 55262L100 2145 84125 SH SOLE
2425 81700 0
MCI WORLDCOM INC 55268B106 2410 53207 SH SOLE
12007 41200 0
MDU RESOURCES GROUP INC 552690109 274 13228 SH SOLE
13228 0 0
MAVROVISION CORP 555904101 1377 16000 SH SOLE
0 16000 0
MALLINCKRODT INC NEW COMMON 561232109 201 7000 SH SOLE
0 7000 0
MCDONALDS CORP COM 580135101 2852 76327 SH SOLE
6727 69600 0
MCGRAW HILL, INC 580645109 1613 35455 SH SOLE
13835 21620 0
MCKESSON HBOC INC 58155Q103 2232 106305 SH SOLE
3305 103000 0
MEDIA ONE GROUP INC 58440J104 936 11556 SH SOLE
10456 400 700
MEDQUIST INC COM 584949101 220 8100 SH SOLE
8100 0 0
MEDTRONIC, INC 585055106 651 12660 SH SOLE
12660 0 0
MELLON FINANCIAL CORP 58551A108 640 21522 SH SOLE
21522 0 0
MERCK & CO INC COM 589331107 3078 49565 SH SOLE
11165 38400 0
MERCURY COMPUTER SYS 589378108 229 4700 SH SOLE
4700 0 0
MERRILL LYNCH & CO 590188108 1526 14540 SH SOLE
780 13760 0
MICRO COMPONENT TECH 59479Q100 547 60000 SH SOLE
0 60000 0
MICROS SYSTEMS INC 594901100 522 8300 SH SOLE
8300 0 0
MICROSOFT CORP 594918104 857 8073 SH SOLE
8048 25 0
MILACRON INC COM 598709103 271 18800 SH SOLE
18800 0 0
MILLENIUM CHEMICALS 599903101 370 18500 SH SOLE
18500 0 0
MISSION CRITICAL SOFTWARE 605047109 207 3400 SH SOLE
2900 500 0
MOLECULAR DEVICES CORP 60851C107 2072 27000 SH SOLE
0 27000 0
MONSANTO COMPANY CHGD TO #71713U102 03/31/00 611662107 899 17468 SH SOLE
693 16775 0
MONTANA POWER CO COM 612085100 1325 20715 SH SOLE
850 19865 0
J P MORGAN & CO INC 616880100 277 2110 SH SOLE
310 1800 0
MORGAN STANLEY, DEAN WITTER 617446448 580 6999 SH SOLE
6999 0 0
MOTOROLA INC COM 620076109 1290 8841 SH SOLE
591 8250 0
NCO GROUP 628858102 306 9600 SH SOLE
9600 0 0
NN BALL & ROLLER INC 629305103 604 55600 SH SOLE
55600 0 0
NASDAQ 100 TRUST UNIT SER 1 631100104 5288 48300 SH SOLE
48300 0 0
NATIONAL COMPUTER SYS INC 635519101 624 12300 SH SOLE
12300 0 0
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
NATIONAL SEMICONDUCTOR CORP 637640103 1517 24975 SH SOLE
1590 23385 0
NETMANAGE INC COM 641144100 282 50000 SH SOLE
0 50000 0
NEW YORK TIMES CO. CL A 650111107 360 8400 SH SOLE
8400 0 0
NOKIA CORPORATION ADR 654902204 652 2940 SH SOLE
2940 0 0
NORTEL NETWORKS CORP 656569100 602 4775 SH SOLE
4775 0 0
OLIN CORPORATION 680665205 365 20600 SH SOLE
20600 0 0
OMNICOM GROUP INC COM 681919106 549 5874 SH SOLE
5874 0 0
ORACLE CORPORATION 68389X105 573 7348 SH SOLE
7148 200 0
OREGON STEEL MILLS 686079104 81 21000 SH SOLE
21000 0 0
O'REILLY AUTOMOTIVE 686091109 172 12200 SH SOLE
12200 0 0
ORTHODONTIC CTRS/AMER 68750P103 254 13400 SH SOLE
13400 0 0
OWENS & MINOR INC NEW COM 690732102 141 13300 SH SOLE
13300 0 0
PECO ENERGY CO 693304107 1093 29665 SH SOLE
1410 28255 0
PG&E CORP 69331C108 214 10200 SH SOLE
200 9600 400
PNC FINANCIAL SERVICES GROUP FKA PNC BANK CORP 693475105 261 5803 SH SOLE
503 5300 0
PPL CORPORATION 69351T106 211 10127 SH SOLE
27 10100 0
PARAMETRIC TECHNOLOGY 699173100 1528 72575 SH SOLE
4075 68500 0
PARK ELECTROCHEMICAL CORP 700416209 247 10100 SH SOLE
10100 0 0
PENTAIR INC 709631105 370 10000 SH SOLE
10000 0 0
PEOPLESOFT INC 712713106 438 21900 SH SOLE
500 20200 1200
PERICOM SEMICONDUCTOR CORP 713831105 231 6500 SH SOLE
6500 0 0
PERKINELMER INC 714046109 844 12700 SH SOLE
12700 0 0
PHARMACIA-UPJOHN INC 716941109 2168 36438 SH SOLE
1583 34855 0
PFIZER INC COM 717081103 915 25052 SH SOLE
25052 0 0
PHILLIPS PETROLEUM 718507106 235 5100 SH SOLE
0 5100 0
PIONEER STD ELECTRS INC 723877106 407 25900 SH SOLE
25900 0 0
PITNEY BOWES, INC 724479100 1451 32485 SH SOLE
765 31720 0
POPE & TALBOT INC COM 732827100 573 31200 SH SOLE
31200 0 0
PROFIT RECOVERY GROUP INTL 743168106 240 13000 SH SOLE
13000 0 0
PROLOGIS CORP FKA SECURITY CAPITAL INDS TRUST 743410102 318 16540 SH SOLE
16540 0 0
PROVIDIAN FINANCIAL CORP 74406A102 2300 26559 SH SOLE
1097 25462 0
QUAKER CHEM CORP 747316107 243 14300 SH SOLE
14300 0 0
QUANTA SERVICES INC 74762E102 491 8100 SH SOLE
8100 0 0
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
QUANEX CORP 747620102 194 10800 SH SOLE
10800 0 0
RATIONAL SOFTWARE CORP COM NEW 75409P202 2448 32000 SH SOLE
0 32000 0
RAYMOND JAMES FINANCIAL INC 754730109 211 10200 SH SOLE
10200 0 0
RICHARDSON ELECTRONICS LTD 763165107 224 20400 SH SOLE
20400 0 0
ROHM & HAAS CO 775371107 650 14581 SH SOLE
1561 13020 0
SBC COMMUNICATIONS INC 78387G103 291 6910 SH SOLE
2010 4900 0
SDL INC 784076101 2554 12000 SH SOLE
0 12000 0
SAFEWAY INC NEW 786514208 616 13630 SH SOLE
13630 0 0
SCHULMAN A INC 808194104 176 13300 SH SOLE
13300 0 0
THE CHARLES SCHWAB CO 808513105 797 14033 SH SOLE
14033 0 0
SEA CONTAINERS LTD CLASS A 811371707 367 16600 SH SOLE
16600 0 0
SEAGATE TECHNOLOGY 811804103 225 3653 SH SOLE
353 3000 300
SERENA SOFTWARE, INC 817492101 372 11700 SH SOLE
11700 0 0
SIMPSON INDS INC 829060102 202 20600 SH SOLE
20600 0 0
SMITH A O CORP COM 831865209 223 12400 SH SOLE
12400 0 0
SOLECTRON CORP 834182107 436 10878 SH SOLE
10878 0 0
SPECTRIAN 847608106 1012 45000 SH SOLE
0 45000 0
SPRINT CORPORATION (FKA UNITED TELECOM)852061100 217 3436 SH SOLE
136 3300 0
STANDARD PACIFIC CORPORATION 85375C101 136 13600 SH SOLE
13600 0 0
STARBUCKS CORP 855244109 557 12450 SH SOLE
12450 0 0
STATE STREET CORP 857477103 1292 13340 SH SOLE
13340 0 0
STERLING SOFTWARE 859547101 418 12780 SH SOLE
12780 0 0
SUN MICROSYSTEMS, INC 866810104 617 6595 SH SOLE
6595 0 0
SUNGARD DATA SYSTEMS INC 867363103 346 9170 SH SOLE
9170 0 0
SUPERVALU INC 868536103 212 11200 SH SOLE
0 11200 0
TANDY CORP 875382103 2436 48003 SH SOLE
1403 46600 0
TASTY BAKING CO 876553306 156 14700 SH SOLE
14700 0 0
TECHNE CORP 878377100 828 12000 SH SOLE
0 12000 0
TEKELEC 879101103 575 15500 SH SOLE
0 15500 0
TEKTRONIX INC COM 879131100 268 4800 SH SOLE
3800 1000 0
TELLABS, INC 879664100 2111 33520 SH SOLE
1445 32075 0
TIME WARNER 887315109 720 7204 SH SOLE
7204 0 0
TOSCO CORPORATION 891490302 220 7200 SH SOLE
0 7200 0
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------
- ----- -------- -------- --------
TOWER AUTOMOTIVE INC 891707101 291 17800 SH SOLE
17800 0 0
TRUE NORTH COMMUNICATIONS 897844106 286 7300 SH SOLE
7300 0 0
US BANCORP NEW 902973106 2134 97594 SH SOLE
3694 92400 1500
ULTRAMAR DIAMOND SHAMROCK CORP COMMON 904000106 210 8300 SH SOLE
0 8300 0
US WEST INC NEW COMMON 91273H101 875 12060 SH SOLE
9060 3000 0
UNIVISION COMM 914906102 535 4743 SH SOLE
4743 0 0
VALLEY OF THE ROGUE BANK 918281106 1148 235753 SH SOLE
235753 0 0
VIACOM INCORPORATED CL B COM 925524308 412 7827 SH SOLE
7827 0 0
VISHAY INTERTECHNOLOGY INC 928298108 205 3700 SH SOLE
0 3700 0
VODAFONE AIRTOUCH PUBLIC LTD ADR 92857T107 589 10615 SH SOLE
10615 0 0
WAL-MART STORES INC 931142103 290 5141 SH SOLE
5141 0 0
WARNER CHILCOTT LABS PLC SPONSORED ADR 934435207 483 30000 SH SOLE
0 30000 0
WELLMAN INC 949702104 342 17300 SH SOLE
17300 0 0
WEYERHAEUSER COMPANY 962166104 1209 21213 SH SOLE
1838 19375 0
WHITEHALL JEWELLERS INC 965063100 286 12200 SH SOLE
12200 0 0
WILD OATS MARKETS, INC 96808B107 299 14600 SH SOLE
14600 0 0
WILLIAMS COS INC 969457100 2048 46631 SH SOLE
16648 29983 0
WILLIAMS CONTROLS INC 969465103 1026 484017 SH SOLE
322017 162000 0
XEROX CORP COM 984121103 2466 94880 SH SOLE
8680 86200 0
ZYGO CORP COMMON 989855101 965 20000 SH SOLE
0 20000 0
GRAND TOTALS 208117 6208510
2678727 3518783 11000
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 6,208,510.000
Form 13F Information Table Value Total: $208,117,000.00
</TABLE>
