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Previous: EXTENDICARE HEALTH SERVICES INC, 10-Q, 1999-05-17 |
Next: BCSB BANKCORP INC, 10QSB, 1999-05-17 |
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment No. ____
This Amendment (check one only): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Waddell & Reed Financial, Inc.
Address: 6300 Lamar Avenue
P.O. Box 29217
Shawnee Mission, KS 66201-9217
Form 13F File Number: 28-7592
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 submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Persons Signing this Report on Behalf of Reporting Manager:
Name: Helge Krist Lee
Title: Secretary
Phone: (913) 236-1920
Signature, Place and Date of Signing:
/s/ Helge Krist Lee Overland Park, Kansas May 12th, 1999
The securities reported on herein are beneficially owned by one or more
open-end investment companies or other managed accounts which are advised by
Waddell & Reed Investment Management Company ("WRIMCO") or sub-advised by
WRIMO for Waddell & Reed Asset Management Company, a non-affiliated company.
WRIMCO is an investment advisory subsidiary of Waddell & Reed, Inc. ("WRI").
WRI is a broker-dealer and underwriting subsidiary of Waddell & Reed
Financial Services, Inc., a parent holding company ("WRFSI"). In turn, WRFSI
is a subsidiary of Waddell & Reed Financial, Inc., a publicly traded company
("WDR"). WDR, WRFSI and WRI are deemed to have "investment discretion" over
the securities due to their control relationship with WRIMCO pursuant to Rule
13f-1(b) of the 1934 Securities Exchange Act, as amended.
Report Type (check only one):
[X] 13F HOLDINGS. (Check here if all holdings of this reporting manager are
reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total 598
Form 13F Information Table Value Total $ 17,395,378 ($ thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
<TABLE>
<CAPTION>
No. Form 13F File Number Name
<S> <C> <C>
1 28-7594 Waddell & Reed Financial Services, Inc.
2 28-375 Waddell & Reed, Inc.
3 28-4466 Waddell & Reed Investment Management Company
4 28-371 Waddell & Reed Asset Management Company
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
AHL SVCS INC COM 001296 10 2 12,225 600,000
AHL SVCS INC COM 001296 10 2 141 6,900
AMR CORP COM 001765 10 6 53,257 909,400
AMR CORP COM 001765 10 6 5,534 94,500
AT&T CORP COM 001957 10 9 211,000 2,643,700
AT&T CORP COM 001957 10 9 15,067 188,777
AT&T CORP COM LIB GRP A 001957 20 8 23,260 442,000
AT&T CORP COM LIB GRP A 001957 20 8 64 1,210
ARV ASSISTED LIVING INC SB NT CV 1440 A 0204C AA 5 1,121 3,000,000
ABACUS DIRECT CORP COM 002553 10 5 30,832 376,000
ABBOTT LABS COM 002824 10 0 32,769 700,000
ABBOTT LABS COM 002824 10 0 1,021 21,800
ABERCROMBIE & FITCH CO CL A 002896 20 7 111,053 1,207,100
ABERCROMBIE & FITCH CO CL A 002896 20 7 9,274 100,800
ADAC LABS COM NEW 005313 20 0 85 6,200
AGNICO EAGLE MINES LTD COM 008474 10 8 142 27,000
AIR PRODS & CHEMS INC COM 009158 10 6 54,899 1,602,900
AIR PRODS & CHEMS INC COM 009158 10 6 7,473 218,200
AIRTOUCH COMMUNICATIONS INC COM 00949T 10 0 120,549 1,247,600
AIRTOUCH COMMUNICATIONS INC COM 00949T 10 0 8,542 88,400
ALBERTSONS INC COM 013104 10 4 788 14,500
ALCOA INC COM 013817 10 1 61,114 1,483,800
ALCOA INC COM 013817 10 1 8,559 207,800
ALLAIRE CORP COM 016714 10 7 1,698 25,000
ALLIED WASTE INDS INC COM PAR$.01N 019589 30 8 46,619 3,229,000
ALLIED WASTE INDS INC COM PAR$.01N 019589 30 8 46 3,200
ALLMERICA FINL CORP COM 019754 10 0 8,259 150,000
ALLTEL CORP COM 020039 10 3 7,797 125,000
AMAZON COM INC COM 023135 10 6 54,564 317,000
AMERICA ONLINE INC DEL COM 02364J 10 4 347,889 2,382,800
AMERICA ONLINE INC DEL COM 02364J 10 4 8,380 57,400
AMERICAN EXPRESS CO COM 025816 10 9 4,829 41,100
AMERICAN EXPRESS CO COM 025816 10 9 1,340 11,400
AMERICAN HEALTHCORP INC COM 02649V 10 4 5,819 760,000
AMERICAN HEALTHCORP INC COM 02649V 10 4 2,226 290,700
AMERICAN HOME PRODS CORP COM 026609 10 7 646 9,900
AMERICAN INTL GROUP INC COM 026874 10 7 172,753 1,432,150
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
AHL SVCS INC 600,000 1,2,3 600,000
AHL SVCS INC 6,900 1,2,3,4 6,900
AMR CORP 909,400 1,2,3 909,400
AMR CORP 94,500 1,2,3,4 94,500
AT&T CORP 2,643,700 1,2,3 2,643,700
AT&T CORP 188,777 1,2,3,4 188,777
AT&T CORP 442,000 1,2,3 442,000
AT&T CORP 1,210 1,2,3,4 1,210
ARV ASSISTED LIVING INC 3,000,000 1,2,3 3,000,000
ABACUS DIRECT CORP 376,000 1,2,3 376,000
ABBOTT LABS 700,000 1,2,3 700,000
ABBOTT LABS 21,800 1,2,3,4 21,800
ABERCROMBIE & FITCH CO 1,207,100 1,2,3 1,207,100
ADAC LABS 6,200 1,2,3,4 6,200
AGNICO EAGLE MINES LTD 27,000 1,2,3 27,000
AIR PRODS & CHEMS INC 1,602,900 1,2,3 1,602,900
AIR PRODS & CHEMS INC 218,200 1,2,3,4 218,200
AIRTOUCH COMMUNICATIONS INC 1,247,600 1,2,3 1,247,600
AIRTOUCH COMMUNICATIONS INC 88,400 1,2,3,4 88,400
ALBERTSONS INC 14,500 1,2,3,4 14,500
ALCOA INC 1,483,800 1,2,3 1,483,800
ALCOA INC 207,800 1,2,3,4 207,800
ALLAIRE CORP 25,000 1,2,3 25,000
ALLIED WASTE INDS INC 3,229,000 1,2,3 3,229,000
ALLIED WASTE INDS INC 3,200 1,2,3,4 3,200
ALLMERICA FINL CORP 150,000 1,2,3 150,000
ALLTEL CORP 125,000 1,2,3 125,000
AMAZON COM INC 317,000 1,2,3 317,000
AMERICA ONLINE INC DEL 2,382,800 1,2,3 2,382,800
AMERICA ONLINE INC DEL 57,400 1,2,3,4 57,400
AMERICAN EXPRESS CO 41,100 1,2,3 41,100
AMERICAN EXPRESS CO 11,400 1,2,3,4 11,400
AMERICAN HEALTHCORP INC 760,000 1,2,3 760,000
AMERICAN HEALTHCORP INC 290,700 1,2,3,4 290,700
AMERICAN HOME PRODS CORP 9,900 1,2,3,4 9,900
AMERICAN INTL GROUP INC 1,432,150 1,2,3 1,432,150
</TABLE>
1
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
AMERICAN INTL GROUP INC COM 026874 10 7 25,081 207,925
AMERICAN ITALIAN PASTA CO CL A 027070 10 1 22,250 890,000
AMERICAN ITALIAN PASTA CO CL A 027070 10 1 3,879 155,150
AMERICAN MGMT SYS INC COM 027352 10 3 17,094 500,000
AMSURG CORP CL A 03232P 10 8 2,850 400,000
AMSURG CORP CL A 03232P 10 8 321 45,000
AMSURG CORP CL B 03232P 20 7 3,791 536,809
AMSURG CORP CL B 03232P 20 7 1,489 210,852
ANALOG DEVICES INC COM 032654 10 5 132,914 4,467,700
ANALOG DEVICES INC COM 032654 10 5 6,319 212,400
ANGLOGOLD LTD SPONSORED AD 035128 20 6 483 24,000
ANYTENNA TV SA SPONS ADR 03672N 10 0 914 70,000
AON CORP COM 037389 10 3 15,813 250,000
APPLIED MATLS INC COM 038222 10 5 137,071 2,220,900
APPLIED MATLS INC COM 038222 10 5 10,542 170,800
ARCHER DANIELS MIDLAND CO COM 039483 10 2 14,688 1,000,000
ASCEND COMMUNICATIONS INC COM 043491 10 9 18,334 219,000
ASSOCIATES FIRST CAP CORP CL A 046008 10 8 129,822 2,884,932
ASSOCIATES FIRST CAP CORP CL A 046008 10 8 14,435 320,772
AURORA BIOSCIENCES CORP COM 051920 10 6 164 25,250
BEC ENERBY COM 05538M 10 1 368 10,000
BP AMOCO P L C SPONSORED AD 055622 10 4 5,968 59,128
BP AMOCO P L C SPONSORED AD 055622 10 4 11 108
BAKER HUGHES INC COM 057224 10 7 16,836 692,500
BAKER HUGHES INC COM 057224 10 7 951 39,100
BANKAMERICA CORP NEW COM 06605F 10 2 13,550 191,853
BANKAMERICA CORP NEW COM 06605F 10 2 893 12,646
BANYAN SYS INC COM 066908 10 4 140 11,500
BARRICK GOLD CORP COM 067901 10 8 495 29,000
BARRICK GOLD CORP COM 067901 10 8 77 4,500
BAXTER INTL INC COM 071813 10 9 10,032 152,000
BAXTER INTL INC COM 071813 10 9 178 2,700
BELL ATLANTIC CORP COM 077853 10 9 982 19,000
BELLSOUTH CORP COM 079860 10 2 208 5,200
BERKSHIRE HATHAWAY INC DEL CL B 084670 20 7 14,106 6,000
BESTFOODS COM 08658U 10 1 86,386 1,838,000
BESTFOODS COM 08658U 10 1 10,086 214,600
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
AMERICAN INTL GROUP INC 207,925 1,2,3,4 207,925
AMERICAN ITALIAN PASTA CO 890,000 1,2,3 890,000
AMERICAN ITALIAN PASTA CO 155,150 1,2,3,4 155,150
AMERICAN MGMT SYS INC 500,000 1,2,3 500,000
AMSURG CORP 400,000 1,2,3 400,000
AMSURG CORP 45,000 1,2,3,4 45,000
AMSURG CORP 536,809 1,2,3 536,809
AMSURG CORP 210,852 1,2,3,4 210,852
ANALOG DEVICES INC. 4,467,700 1,2,3 4,467,700
ANALOG DEVICES INC. 212,400 1,2,3,4 212,400
ANGLOGOLD LTD 24,000 1,2,3 24,000
ANYTENNA TV SA 70,000 1,2,3,4 70,000
AON CORP 250,000 1,2,3 250,000
APPLIED MTLS INC 2,220,900 1,2,3 2,220,900
APPLIED MTLS INC 170,800 1,2,3,4 170,800
ARCHER DANIELS MIDLAND CO 1,000,000 1,2,3 1,000,000
ASCEND COMMUNICATIONS INC 219,000 1,2,3 219,000
ASSOCIATES FIRST CAP CORP 2,884,932 1,2,3 2,884,932
ASSOCIATES FIRST CAP CORP 320,772 1,2,3,4 320,772
AURORA BIOSCIENCES CORP 25,250 1,2,3,4 25,250
BEC ENERBY 10,000 1,2,3,4 10,000
BP AMOCO P L C 59,128 1,2,3 59,128
BP AMOCO P L C 108 1,2,3,4 108
BAKER HUGHES INC 692,500 1,2,3 692,500
BAKER HUGHES INC 39,100 1,2,3,4 39,100
BANKAMERICA CORP NEW 191,853 1,2,3 191,853
BANKAMERICA CORP NEW 12,646 1,2,3,4 12,646
BANYAN SYS INC 11,500 1,2,3,4 11,500
BARRICK GOLD CORP 29,000 1,2,3 29,000
BARRICK GOLD CORP 4,500 1,2,3,4 4,500
BAXTER INTL INC 152,000 1,2,3 152,000
BAXTER INTL INC 2,700 1,2,3,4 2,700
BELL ATLANTIC CORP 19,000 1,2,3 19,000
BELLSOUTH CORP 5,200 1,2,3,4 5,200
BERKSHIRE HATHAWAY INC DEL 6,000 1,2,3 6,000
BESTFOODS 1,838,000 1,2,3 1,838,000
BESTFOODS 214,600 1,2,3,4 214,600
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
BETHLEHEM STL CORP COM 087509 10 5 18,480 2,240,000
BETHLEHEM STL CORP COM 087509 10 5 454 55,000
BIOGEN INC COM 090597 10 5 34,284 300,000
BIONX IMPLANTS INC COM 09064Q 10 6 2,503 450,000
BIORA AB SPONSORED AD 09065Q 10 5 275 20,000
BIORA AB SPONSORED AD 09065Q 10 5 206 15,000
BLOCK H & R INC COM 093671 10 5 5,685 120,000
BLOCK H & R INC COM 093671 10 5 1,440 30,400
LYTH INDS INC COM 09643P 10 8 18,900 800,000
BLYTH INDS INC COM 09643P 10 8 3,149 133,300
BOTTOMLINE TECH DEL INC COM 101388 10 6 1,469 23,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 279,952 4,353,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 18,799 292,300
BRITISH STL PLC ADR FINAL INST 111015 30 1 8,620 427,000
BROADCOM COMP CL A 111320 10 7 68,458 1,112,000
BROADCOM COMP CL A 111320 10 7 1,324 21,500
BROADVISION INC COM 111412 10 2 2,693 45,000
BROADVISION INC COM 111412 10 2 5,685 95,000
BURLINGTON RES INC COM 122014 10 3 188,517 4,720,300
BURLINGTON RES INC COM 122014 10 3 17,772 445,000
CIT GROUP INC COM 125577 10 6 39,731 1,300,000
CNA FINL CORP COM 126117 10 0 6,404 165,000
CNF TRANSN INC COM 12612W 10 4 22,672 599,600
CNF TRANSN INC COM 12612W 10 4 1,229 32,500
CANADIAN PAC LTD NEW COM 135923 10 0 93 4,800
CAPITAL ONE FINL CORP COM 14040H 10 5 22,333 147,900
CAPITAL ONE FINL CORP COM 14040H 10 5 3,050 20,200
CARDINAL HEALTH INC COM 14149Y 10 8 27,456 416,000
CARDINAL HEALTH INC COM 14149Y 10 8 183 2,767
CARNIVAL CORP COM 143658 10 2 94,891 1,954,000
CARNIVAL CORP COM 143658 10 2 8,940 184,100
CARREKER ANTINORI INC COM 144433 10 9 2,248 330,000
CASE CORP COM 14743R 10 3 125,708 4,954,000
CASE CORP COM 14743R 10 3 10,170 400,800
CELESTICA INC SUB VTG SHS 15101Q 10 8 8,109 250,000
CERNER CORP COM 156782 10 4 24,320 1,520,000
CERNER CORP COM 156782 10 4 3,102 193,900
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
BETHLEHEM STEEL CORP 2,240,000 1,2,3 2,240,000
BETHLEHEM STL CORP 55,000 1,2,3,4 55,000
BIOGEN INC 300,000 1,2,3 300,000
BIONX IMPLANTS INC 450,000 1,2,3 450,000
BIORA AB 20,000 1,2,3 20,000
BIORA AB 15,000 1,2,3,4 15,000
BLOCK H & R INC 120,000 1,2,3 120,000
BLOCK H & R INC 30,400 1,2,3,4 30,400
BLYTH INDS INC 800,000 1,2,3 800,000
BLYTH INDS INC 133,300 1,2,3,4 133,300
BOTTOMLINE TECH DEL INC 23,000 1,2,3 23,000
BRISTOL MYERS SQUIBB CO 4,353,000 1,2,3 4,353,000
BRISTOL MYERS SQUIBB CO 292,300 1,2,3,4 292,300
BRITISH STL PLC 427,000 1,2,3 427,000
BROADCOM COMP 1,112,000 1,2,3 1,112,000
BROADCOM COMP 21,500 1,2,3,4 21,500
BROADVISION INC 45,000 1,2,3 45,000
BROADVISION INC 95,000 1,2,3,4 95,000
BURLINGTON RES INC 4,720,300 1,2,3 4,720,300
BURLINGTON RES INC 445,000 1,2,3,4 445,000
CIT GROUP INC 1,300,000 1,2,3 1,300,000
CNA FINL CORP 165,000 1,2,3 165,000
CNF TRANSN INC 599,600 1,2,3 599,600
CNF TRANSN INC 32,500 1,2,3,4 32,500
CANADIAN PAC LTD NEW 4,800 1,2,3,4 4,800
CAPITAL ONE FINL CORP 147,900 1,2,3 147,900
CAPITAL ONE FINL CORP 20,200 1,2,3,4 20,200
CARDINAL HEALTH INC 416,000 1,2,3 416,000
CARDINAL HEALTH INC 2,767 1,2,3,4 2,767
CARNIVAL CORP 1,954,000 1,2,3 1,954,000
CARNIVAL CORP 184,100 1,2,3,4 184,100
CARREKER ANTINORI INC 330,000 1,2,3 330,000
CASE CORP 4,954,000 1,2,3 4,954,000
CASE CORP 400,800 1,2,3,4 400,800
CELESTICA INC 250,000 1,2,3 250,000
CERNER CORP 1,520,000 1,2,3 1,520,000
CERNER CORP 193,900 1,2,3,4 193,900
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
CERUS CORP COM 157085 10 1 1,652 75,000
CHAMPION INTL CORP COM 158525 10 5 29,187 710,800
CHAMPION INTL CORP COM 158525 10 5 460 11,200
CHANCELLOR MEDIA CORP COM 158915 10 8 51,803 1,100,000
CHARTWELL RE CORP COM 16139W 10 9 8,625 500,000
CHASE MANHATTAN CORP NEW COM 16161A 10 8 124,620 1,532,600
CHASE MANHATTAN CORP NEW COM 16161A 10 8 13,278 163,300
CHEVRON CORPORATION COM 166751 10 7 55,052 622,500
CHEVRON CORPORATION COM 166751 10 7 6,606 74,700
CHILDRENS PL RETAIL STORES INC COM 168905 10 7 3,838 142,300
CHILDRENS PL RETAIL STORES INC COM 168905 10 7 208 7,700
CHUBB CORP COM 171232 10 1 81,402 1,390,000
CHUBB CORP COM 171232 10 1 6,272 107,100
CISCO SYS INC COM 17275R 10 2 394,595 3,600,525
CISCO SYS INC COM 17275R 10 2 21,598 197,075
CITIGROUP INC COM 172967 10 1 124,017 1,941,550
CITIGROUP INC COM 172967 10 1 11,127 174,200
CITRIX SYS INC COM 177376 10 0 62,270 1,636,000
CITRIX SYS INC COM 177376 10 0 3,605 94,700
CLEAR CHANNEL COMMUNICATIONS COM 184502 10 2 222,064 3,311,300
CLEAR CHANNEL COMMUNICATIONS COM 184502 10 2 12,655 188,700
COCA COLA CO COM 191216 10 0 48,940 797,400
COCA COLA CO COM 191216 10 0 21,739 354,200
COLGATE PALMOLIVE CO COM 194162 10 3 90,353 982,100
COLGATE PALMOLIVE CO COM 194162 10 3 9,651 104,900
COLT TELECOM GROUP PLC SPONSORED AD 196877 10 4 92,176 1,283,000
COLT TELECOM GROUP PLC SPONSORED AD 196877 10 4 5,398 75,132
COLUMBIA/HCA HEALTHCARE CORP COM 197677 10 7 18,938 1,000,000
COLUMBIA/HCA HEALTHCARE CORP COM 197677 10 7 133 7,000
COMCAST CORP CL A 200300 20 0 40,835 648,500
COMCAST CORP CL A 200300 20 0 831 13,200
COMERICA INC COM 200340 10 7 126,339 2,023,450
COMERICA INC COM 200340 10 7 5,960 95,450
COMMERCE BANCSHARES INC COM 200525 10 3 296 7,673
COMPAGNIE GENERALE DES GEOPHYS COM 204386 10 6 2,656 340,000
CONAGRA INC COM 205887 10 2 302 11,800
CONAGRA INC COM 205887 10 2 736 28,800
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
CERUS CORP 75,000 1,2,3 75,000
CHAMPION INTL CORP 710,800 1,2,3 710,800
CHAMPION INTL CORP 11,200 1,2,3,4 11,200
CHANCELLOR MEDIA CORP 1,100,000 1,2,3 1,100,000
CHARTWELL RE CORP 500,000 1,2,3 500,000
CHASE MANHATTAN CORP NEW 1,532,600 1,2,3 1,532,600
CHASE MANHATTAN CORP NEW 163,300 1,2,3,4 163,300
CHEVRON CORPORATION 622,500 1,2,3 622,500
CHEVRON CORPORATION 74,700 1,2,3,4 74,700
CHILDRENS PL RETAIL STORES INC 142,300 1,2,3 142,300
CHILDRENS PL RETAIL STORES INC 7,700 1,2,3,4 7,700
CHUBB CORP 1,390,000 1,2,3 1,390,000
CHUBB CORP 107,100 1,2,3,4 107,100
CISCO SYS INC 3,600,525 1,2,3 3,600,525
CISCO SYS INC 197,075 1,2,3,4 197,075
CITIGROUP INC 1,941,550 1,2,3 1,941,550
CITIGROUP INC 174,200 1,2,3,4 174,200
CITRIX SYS INC 1,636,000 1,2,3 1,636,000
CITRIX SYS INC 94,700 1,2,3,4 94,700
CLEAR CHANNEL COMMUNICATIONS 3,311,300 1,2,3 3,311,300
CLEAR CHANNEL COMMUNICATIONS 188,700 1,2,3,4 188,700
COCA COLA CO 797,400 1,2,3 797,400
COCA COLA CO 354,200 1,2,3,4 354,200
COLGATE PALMOLIVE CO 982,100 1,2,3 982,100
COLGATE PALMOLIVE CO 104,900 1,2,3,4 104,900
COLT TELECOM GROUP PLC 1,283,000 1,2,3 1,283,000
COLT TELECOM GROUP PLC 75,132 1,2,3,4 75,132
COLUMBIA/HCA HEALTHCARE CORP 1,000,000 1,2,3 1,000,000
COLUMBIA/HCA HEALTHCARE CORP 7,000 1,2,3,4 7,000
COMCAST CORP 648,500 1,2,3 648,500
COMCAST CORP 13,200 1,2,3,4 13,200
COMERICA INC 2,023,450 1,2,3 2,023,450
COMERICA INC 95,450 1,2,3,4 95,450
COMMERCE BANCSHARES INC 7,673 1,2,3,4 7,673
COMPAGNIE GENERALE DES GEOPHYS 340,000 1,2,3 340,000
CONAGRA INC 11,800 1,2,3 11,800
CONAGRA INC 28,800 1,2,3,4 28,800
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
CONCENTRIC NETWORK CORP COM 20589R 10 7 20,956 280,000
CONCENTRIC NETWORK CORP COM 20589R 10 7 475 6,350
CONCENTRA MANAGED CARE INC COM 20589T 10 3 11,843 815,000
CONCENTRA MANAGED CARE INC COM 20589T 10 3 4,079 280,700
CONCORD COMMUNICATIONS INC COM 206186 10 8 1,581 28,000
CONCORD EFS INC COM 206197 10 5 38,138 1,386,830
CONCURRENT COMPUTER CORP NEW COM 206710 20 4 278 70,000
CONSECO INC COM 208464 10 7 15,438 500,000
CONSOLIDATED EDISON INC COM 209115 10 4 78,644 1,735,600
CONSOLIDATED EDISON INC COM 209115 10 4 10,010 220,900
CONSOLIDATED PAPERS INC COM 209759 10 9 9,400 400,000
COOPER CAMERON CORP COM 216640 10 2 5,081 150,000
CORPORATE EXECUTIVE BRD CO COM 21988R 10 2 5,250 200,000
COSTCO COMPANIES INC COM 22160Q 10 2 131,245 1,432,900
COSTCO COMPANIES INC COM 22160Q 10 2 10,130 110,600
COX COMMUNICATIONS INC NEW CL A 224044 10 7 268,491 3,550,300
COX COMMUNICATIONS INC NEW CL A 224044 10 7 18,876 249,600
CROMPTON & KNOWLES CORP COM 227111 10 1 225 14,300
CROMPTON & KNOWLES CORP COM 227111 10 1 432 27,400
DANIEL INDS DEL COM 236235 10 7 99 6,500
DAYTON HUDSON CORP COM 239753 10 6 102,376 1,536,600
DAYTON HUDSON CORP COM 239753 10 6 8,914 133,800
DEERE & CO COM 244199 10 5 56,157 1,453,900
DEERE & CO COM 244199 10 5 7,555 195,600
DENDRITE INTL INC COM 248239 10 5 23,159 1,025,000
DENDRITE INTL INC COM 248239 10 5 3,568 157,900
DEPARTMENT 56 INC COM 249509 10 0 10,349 340,000
DEPARTMENT 56 INC COM 249509 10 0 2,587 85,000
DILLARDS INC COM 254067 10 1 17,763 700,000
DISNEY WALT CO DEL COM 254687 10 6 55,356 1,778,500
DISNEY WALT CO DEL COM 254687 10 6 6,113 196,400
DOLLAR GEN CORP COM 256669 10 2 32,353 951,562
DOLLAR GEN CORP COM 256669 10 2 2,866 84,300
DOUBLECLICK INC COM 258609 30 4 2,731 15,000
DU PONT E I DE NEMOURS & CO COM 263534 10 9 141,998 2,445,600
DU PONT E I DE NEMOURS & CO COM 263534 10 9 15,758 271,400
DUKE ENERGY CORP COM 264399 10 6 80,512 1,473,900
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
CONCENTRIC NETWORK CORP 280,000 1,2,3 280,000
CONCENTRIC NETWORK CORP 6,350 1,2,3,4 6,350
CONCENTRA MANAGED CARE INC 815,000 1,2,3 815,000
CONCENTRA MANAGED CARE INC 280,700 1,2,3,4 280,700
CONCORD COMMUNICATIONS INC 28,000 1,2,3 28,000
CONCORD EFS INC 1,386,830 1,2,3 1,386,830
CONCURRENT COMPUTER CORP NEW 70,000 1,2,3,4 70,000
CONSECO INC 500,000 1,2,3 500,000
CONSOLIDATED EDISON INC 1,735,600 1,2,3 1,735,600
CONSOLIDATED EDISON INC 220,900 1,2,3,4 220,900
CONSOLIDATED PAPERS INC 400,000 1,2,3 400,000
COOPER CAMERON CORP 150,000 1,2,3 150,000
CORPORATE EXECUTIVE BRD CO 200,000 1,2,3 200,000
COSTCO COMPANIES INC 1,432,900 1,2,3 1,432,900
COSTCO COMPANIES INC 110,600 1,2,3,4 110,600
COX COMMUNICATIONS INC NEW 3,550,300 1,2,3 3,550,300
COX COMMUNICATIONS INC NEW 249,600 1,2,3,4 249,600
CROMPTON & KNOWLES CORP 14,300 1,2,3 14,300
CROMPTON & KNOWLES CORP 27,400 1,2,3,4 27,400
DANIEL INDS DEL 6,500 1,2,3,4 6,500
DAYTON HUDSON CORP 1,536,600 1,2,3 1,536,600
DAYTON HUDSON CORP 133,800 1,2,3,4 133,800
DEERE & CO 1,453,900 1,2,3 1,453,900
DEERE & CO 195,600 1,2,3,4 195,600
DENDRITE INTL INC 1,025,000 1,2,3 1,025,000
DENDRITE INTL INC 157,900 1,2,3,4 157,900
DEPARTMENT 56 INC 340,000 1,2,3 340,000
DEPARTMENT 56 INC 85,000 1,2,3,4 85,000
DILLARDS INC 700,000 1,2,3 700,000
DISNEY WALT CO DEL 1,778,500 1,2,3 1,778,500
DISNEY WALT CO DEL 196,400 1,2,3,4 196,400
DOLLAR GEN CORP 951,562 1,2,3 951,562
DOLLAR GEN CORP 84,300 1,2,3,4 84,300
DOUBLECLICK INC 15,000 1,2,3 15,000
DU PONT E I DE NEMOURS & CO 2,445,600 1,2,3 2,445,600
DU PONT E I DE NEMOURS & CO 271,400 1,2,3,4 271,400
DUKE ENERGY CORP 1,473,900 1,2,3 1,473,900
</TABLE>
5
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
DUKE ENERGY CORP COM 264399 10 6 32,032 586,400
EDP-ELECTRICIDADE DE PORTUGAL COM 268353 10 9 2,498 63,130
E M C CORP MASS COM 268648 10 2 238,624 1,867,900
E M C CORP MASS COM 268648 10 2 22,305 174,600
EARTHLINK NETWORK INC COM 270322 10 0 15,023 250,000
EBAY INC COM 278642 10 3 37,066 270,000
ECHOSTAR COMMUNICATIONS NEW CL A 278762 10 9 41,826 513,200
ECLIPSYS CORP COM 278856 10 9 2,581 122,000
EL PASO ENERGY CAP TR I PFD CV TR SECS 283678 20 9 963 20,000
ELAN PLC ADR 284131 20 8 13,950 200,000
MERSON ELEC CO COM 291011 10 4 5,823 110,000
EMERSON ELEC CO COM 291011 10 4 720 13,600
EMMIS BROADCASTING CORP CL A 291525 10 3 7,495 150,000
EMMIS BROADCASTING CORP CL A 291525 10 3 4,807 96,200
ENRON CORP COM 293561 10 6 19,275 300,000
ENRON CORP COM 293561 10 6 206 3,200
ERICSSON L M TEL CO ADR CL B SEK 294821 40 0 109,214 4,580,400
ERICSSON L M TEL CO ADR CL B SEK 294821 40 0 1,955 82,000
EVEREST REINS HLDGS INC COM 299808 10 5 12,475 400,000
EXXON CORP COM 302290 10 1 62,398 884,300
EXXON CORP COM 302290 10 1 5,320 75,400
FACTSET RESH SYS INC COM 303075 10 5 7,309 169,000
FACTSET RESH SYS INC COM 303075 10 5 1,068 24,700
FASTENAL CO COM 311900 10 4 20,143 575,000
FDX CORP COM 31304N 10 7 10,813 116,500
FDX CORP COM 31304N 10 7 770 8,300
FEDERAL HOME LN MTG CORP COM 313400 30 1 281,912 4,935,000
FEDERAL HOME LN MTG CORP COM 313400 30 1 32,550 569,800
FEDERAL NATL MTG ASSN COM 313586 10 9 326,348 4,712,600
FEDERAL NATL MTG ASSN COM 313586 10 9 35,844 517,600
FIRST DATA CORP COM 319963 10 4 42,750 1,000,000
FISERV INC COM 337738 10 8 1,125 21,000
FORD MTR CO DEL COM 345370 10 0 89,234 1,572,400
FORD MTR CO DEL COM 345370 10 0 10,141 178,700
FORE SYSTEMS INC COM 345449 10 2 23,633 1,250,000
FORE SYSTEMS INC COM 345449 10 2 4,112 217,500
FOREST LABS INC CL A 345838 10 6 11,027 195,600
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
DUKE ENERGY CORP 586,400 1,2,3,4 586,400
EDP-ELECTRICIDADE DE PORTUGAL 63,130 1,2,3 63,130
E M C CORP MASS 1,867,900 1,2,3 1,867,900
E M C CORP MASS 174,600 1,2,3,4 174,600
EARTHLINK NETWORK INC 250,000 1,2,3 250,000
EBAY INC 270,000 1,2,3 270,000
ECHOSTAR COMMUNICATIONS NEW 513,200 1,2,3 513,200
ECLIPSYS CORP 122,000 1,2,3 122,000
EL PASO ENERGY CAP TR I 20,000 1,2,3 20,000
ELAN PLC 200,000 1,2,3 200,000
EMERSON ELEC CO 110,000 1,2,3 110,000
EMERSON ELEC CO 13,600 1,2,3,4 13,600
EMMIS BROADCASTING CORP 150,000 1,2,3 150,000
EMMIS BROADCASTING CORP 96,200 1,2,3,4 96,200
ENRON CORP 300,000 1,2,3 300,000
ENRON CORP 3,200 1,2,3,4 3,200
ERICSSON L M TEL CO 4,580,400 1,2,3 4,580,400
ERICSSON L M TEL CO 82,000 1,2,3,4 82,000
EVEREST REINS HLDGS INC 400,000 1,2,3 400,000
EXXON CORP 884,300 1,2,3 884,300
EXXON CORP 75,400 1,2,3,4 75,400
FACTSET RESH SYS INC 169,000 1,2,3 169,000
FACTSET RESH SYS INC 24,700 1,2,3,4 24,700
FASTENAL CO 575,000 1,2,3 575,000
FDX CORP 116,500 1,2,3 116,500
FDX CORP 8,300 1,2,3,4 8,300
FEDERAL HOME LN MTG CORP 4,935,000 1,2,3 4,935,000
FEDERAL HOME LN MTG CORP 569,800 1,2,3,4 569,800
FEDERAL NATL MTG ASSN 4,712,600 1,2,3 4,712,600
FEDERAL NATL MTG ASSN 517,600 1,2,3,4 517,600
FIRST DATA CORP 1,000,000 1,2,3 1,000,000
FISERV INC 21,000 1,2,3 21,000
FORD MTR CO DEL 1,572,400 1,2,3 1,572,400
FORD MTR CO DEL 178,700 1,2,3,4 178,700
FORE SYSTEMS INC 1,250,000 1,2,3 1,250,000
FORE SYSTEMS INC 217,500 1,2,3,4 217,500
FOREST LABS INC 195,600 1,2,3 195,600
</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
FORTUNE BRANDS INC COM 349631 10 1 1,161 30,000
GTE CORP COM 362320 10 3 55,660 920,000
GTE CORP COM 362320 10 3 163 2,700
GANNETT INC COM 364730 10 1 2,079 33,000
GAP INC DEL COM 364760 10 8 82,108 1,219,800
GAP INC DEL COM 364760 10 8 10,711 159,125
GENERAL ELEC CO COM 369604 10 3 339,796 3,071,600
GENERAL ELEC CO COM 369604 10 3 50,998 461,000
GENERAL INSTR CORP DEL COM 370120 10 7 77,830 2,567,600
GENERAL INSTR CORP DEL COM 370120 10 7 7,999 263,900
GENERAL MTRS CORP COM 370442 10 5 77,380 890,700
GENERAL MTRS CORP COM 370442 10 5 4,943 56,900
GENERAL MTRS CORP CL H NEW 370442 83 2 44,410 880,500
GENERAL MTRS CORP CL H NEW 370442 83 2 7,823 155,100
GENTEX CORP COM 371901 10 9 27,568 1,278,500
GENTEX CORP COM 371901 10 9 3,465 160,700
GENZYME CORP COM 372917 10 4 7,561 150,000
GENZYME CORP COM 372917 10 4 81 1,600
GETTY IMAGES INC COM 374276 10 3 16,670 795,000
GETTY IMAGES INC COM 374276 10 3 5,163 246,200
GILLETTE CO COM 375766 10 2 105,666 1,777,772
GILLETTE CO COM 375766 10 2 14,195 238,818
GLOBAL TELESYSTEMS GROUP COM 37936U 10 4 14,882 266,200
GLOBAL TELESYSTEMS GROUP COM 37936U 10 4 676 12,100
GOODYEAR TIRE & RUBR CO COM 382550 10 1 7,497 150,500
GOODYEAR TIRE & RUBR CO COM 382550 10 1 389 7,800
GRAINGER W W INC COM 384802 10 4 112 2,600
GUIDANT CORP COM 401698 10 5 216,983 3,586,500
GUIDANT CORP COM 401698 10 5 25,204 416,600
HNC SOFTWARE INC COM 40425P 10 7 34,256 1,045,000
HALLIBURTON CO COM 406216 10 1 123 3,200
HARLEY DAVIDSON INC COM 412822 10 8 119,905 2,085,300
HARLEY DAVIDSON INC COM 412822 10 8 8,688 151,100
HARTFOLD FINL SVCS GROUP INC COM 416515 10 4 27,395 482,200
HARTFOLD FINL SVCS GROUP INC COM 416515 10 4 1,545 27,200
HEALTHEON CORP COM 422209 10 6 5,316 125,000
HEFTEL BROADCASTING CORP CL A 422799 10 6 14,641 337,300
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
FORTUNE BRANDS INC 30,000 1,2,3 30,000
GTE CORP 920,000 1,2,3 920,000
GTE CORP 2,700 1,2,3,4 2,700
GANNETT INC 33,000 1,2,3 33,000
GAP INC DEL 1,219,800 1,2,3 1,219,800
GAP INC DEL 159,125 1,2,3,4 159,125
GENERAL ELEC CO 3,071,600 1,2,3 3,071,600
GENERAL ELEC CO 461,000 1,2,3,4 461,000
GENERAL INSTR CORP DEL 2,567,600 1,2,3 2,567,600
GENERAL INSTR CORP DEL 263,900 1,2,3,4 263,900
GENERAL MTRS CORP 890,700 1,2,3 890,700
GENERAL MTRS CORP 56,900 1,2,3,4 56,900
GENERAL MTRS CORP 880,500 1,2,3 880,500
GENERAL MTRS CORP 155,100 1,2,3,4 155,100
GENTEX CORP 1,278,500 1,2,3 1,278,500
GENTEX CORP 160,700 1,2,3,4 160,700
GENZYME CORP 150,000 1,2,3 150,000
GENZYME CORP 1,600 1,2,3,4 1,600
GETTY IMAGES INC 795,000 1,2,3 795,000
GETTY IMAGES INC 246,200 1,2,3,4 246,200
GILLETTE CO 1,777,772 1,2,3 1,777,772
GILLETTE CO 238,818 1,2,3,4 238,818
GLOBAL TELESYSTEMS GROUP 266,200 1,2,3 266,200
GLOBAL TELESYSTEMS GROUP 12,100 1,2,3,4 12,100
GOODYEAR TIRE & RUBR CO 150,500 1,2,3 150,500
GOODYEAR TIRE & RUBR CO 7,800 1,2,3,4 7,800
GRAINGER W W INC 2,600 1,2,3,4 2,600
GUIDANT CORP 3,586,500 1,2,3 3,586,500
GUIDANT CORP 416,600 1,2,3,4 416,600
HNC SOFTWARE INC 1,045,000 1,2,3 1,045,000
HALLIBURTON CO 3,200 1,2,3,4 3,200
HARLEY DAVIDSON INC 2,085,300 1,2,3 2,085,300
HARLEY DAVIDSON INC 151,100 1,2,3,4 151,100
HARTFOLD FINL SVCS GROUP INC 482,200 1,2,3 482,200
HARTFOLD FINL SVCS GROUP INC 27,200 1,2,3,4 27,200
HEALTHEON CORP 125,000 1,2,3,4 125,000
HEFTEL BROADCASTING CORP 337,300 1,2,3 337,300
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
HEINZ H J CO COM 423074 10 3 181 3,825
HEWLETT PACKARD CO COM 428236 10 3 6,103 90,000
HI / FN INC COM 428358 10 5 1,982 53,300
HI / FN INC COM 428358 10 5 271 7,300
HOME DEPOT INC COM 437076 10 2 197,482 3,172,400
HOME DEPOT INC COM 437076 10 2 21,651 347,800
HOME DEPOT INC SB NY CV 3.25%0 437076 AE 2 5,545 2,000,000
HOUSEHOLD INTL INC COM 441815 10 7 6,296 138,000
HOUSEHOLD INTL INC COM 441815 10 7 68 1,500
ITT EDUCATIONAL SERVICES INC COM 45068B 10 9 714 19,000
INCYTE PHARMACEUTICALS INC COM 45337C 10 2 49,978 2,495,000
INCYTE PHARMACEUTICALS INC COM 45337C 10 2 3,063 152,900
INDEPENDENT ENERGY HLDGS PLC SPONSORES ADR 45384X 10 8 6,781 700,000
INFINITY BROADCASTING CP NEW CL A 45662S 10 2 23,685 919,800
INFINITY BROADCASTING CP NEW CL A 45662S 10 2 690 26,800
ING GROEP N V SPONSORED AD 456837 10 3 223 4,059
INGERSOLL RAND CO COM 456866 10 2 134 2,700
INKTOMI CORP COM 457277 10 1 47,608 556,000
INTEL CORP COM 458140 10 0 267,374 2,249,200
INTEL CORP COM 458140 10 0 36,245 304,900
INTERMEDIA COMMUNICATIONS FLA COM 458801 10 7 15,515 580,000
INTERMEDIA COMMUNICATIONS FLA COM 458801 10 7 332 12,400
INTERNATIONAL BUSINESS MACHS COM 459200 10 1 122,054 688,600
INTERNATIONAL BUSINESS MACHS COM 459200 10 1 15,616 88,100
INTRAWARE INC COM 46118M 10 3 200 5,000
INTUIT COM 461202 10 3 112,074 1,101,800
INTUIT COM 461202 10 3 6,469 63,600
IONICS INC COM 462218 10 8 72 2,400
IVEX PACKAGING CORP DEL COM 465855 10 4 11,679 769,000
IVEX PACKAGING CORP DEL COM 465855 10 4 2,296 151,200
JACOR COMMUNICATIONS INC CL A 469858 40 1 5,698 75,000
JOHNSON & JOHNSON COM 478160 10 4 179,271 1,913,500
JOHNSON & JOHNSON COM 478160 10 4 10,156 108,400
KLA-TENCORP CORP COM 482480 10 0 705 14,500
KN ENERGY INC COM 482620 10 1 18 900
KANEB SERVICES INC COM 485170 10 4 5,700 100,000
KANEB SERVICES INC COM 485170 10 4 3,340 58,600
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
HEINZ H J CO 3,825 1,2,3,4 3,825
HEWLETT PACKARD CO 90,000 1,2,3 90,000
HI / FN INC 53,300 1,2,3 53,300
HI / FN INC 7,300 1,2,3,4 7,300
HOME DEPOT INC 3,172,400 1,2,3 3,172,400
HOME DEPOT INC 347,800 1,2,3,4 347,800
HOME DEPOT INC 2,000,000 1,2,3 2,000,000
HOUSEHOLD INTL INC 138,000 1,2,3 138,000
HOUSEHOLD INTL INC 1,500 1,2,3,4 1,500
ITT EDUCATIONAL SERVICES INC 19,000 1,2,3 19,000
INCYTE PHARMACEUTICALS INC 2,495,000 1,2,3 2,495,000
INCYTE PHARMACEUTICALS INC 152,900 1,2,3,4 152,900
INDEPENDENT ENERGY HLDGS PLC 700,000 1,2,3 700,000
INFINITY BROADCASTING CP NEW 919,800 1,2,3 919,800
INFINITY BROADCASTING CP NEW 26,800 1,2,3,4 26,800
ING GROEP N V 4,059 1,2,3,4 4,059
INGERSOLL RAND CO 2,700 1,2,3,4 2,700
INKTOMI CORP 556,000 1,2,3 556,000
INTEL CORP 2,249,200 1,2,3 2,249,200
INTEL CORP 304,900 1,2,3,4 304,900
INTERMEDIA COMMUNICATIONS FLA 580,000 1,2,3 580,000
INTERMEDIA COMMUNICATIONS FLA 12,400 1,2,3,4 12,400
INTERNATIONAL BUSINESS MACHS 688,600 1,2,3 688,600
INTERNATIONAL BUSINESS MACHS 88,100 1,2,3,4 88,100
INTRAWARE INC 5,000 1,2,3 5,000
INTUIT 1,101,800 1,2,3 1,101,800
INTUIT 63,600 1,2,3,4 63,600
IONICS INC 2,400 1,2,3,4 2,400
IVEX PACKAGING CORP DEL 769,000 1,2,3 769,000
IVEX PACKAGING CORP DEL 151,200 1,2,3,4 151,200
JACOR COMMUNICATIONS INC 75,000 1,2,3 75,000
JOHNSON & JOHNSON 1,913,500 1,2,3 1,913,500
JOHNSON & JOHNSON 108,400 1,2,3,4 108,400
KLA-TENCORP CORP 14,500 1,2,3 14,500
KN ENERGY INC 900 1,2,3,4 900
KANEB SERVICES INC 100,000 1,2,3 100,000
KANEB SERVICES INC 58,600 1,2,3,4 58,600
</TABLE>
8
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
KEEBLER FOODS CO COM 487256 10 9 9,855 270,000
KELLOGG CO COM 487836 10 8 95 2,800
KIMBERLY CLARK CORP COM 494368 10 3 345 7,200
KOHLS CORP COM 500255 10 4 61,477 867,400
KOHLS CORP COM 500255 10 4 4,607 65,000
KROGER CO COM 501044 10 1 120,031 2,004,700
KROGER CO COM 501044 10 1 10,239 171,000
LTC PPTYS INC COM 502175 10 2 1,103 90,000
LTC PPTYS INC SUB DB CV 8.5% 502175 AC 6 3,195 4,000,000
LANDS END INC COM 515086 10 6 866 25,000
LANDS END INC COM 515086 10 6 1,101 31,800
LEARNING CO INC COM 522008 10 1 16,240 560,000
LEVEL 3 COMMUNICATIONS INC COM 52729N 10 0 104,108 1,429,200
LIBERTY CORP S C COM 530370 10 5 18,353 350,000
LILLY ELI & CO COM 532457 10 8 214,174 2,523,400
LILLY ELI & CO COM 532457 10 8 20,064 236,400
LINCOLN NATL CORP IND COM 534187 10 9 19,775 200,000
LOCKHEED MARTIN CORP COM 539830 10 9 144,724 3,840,100
LOCKHEED MARTIN CORP COM 539830 10 9 15,682 416,100
LUNAR CORP COM 550362 10 7 3,900 600,000
LUNAR CORP COM 550362 10 7 1,310 201,500
MBNA CORP COM 55262L 10 0 35,813 1,500,000
MBNA CORP COM 55262L 10 0 895 37,500
MCI WORLDCOM INC COM 55268B 10 6 106,246 1,200,100
MCI WORLDCOM INC COM 55268B 10 6 8,718 98,470
MGC COMMUNICATIONS INC COM 552763 30 2 474 48,000
MSC INDL DIRECT INC COM 553530 10 6 18,360 1,080,000
MSC INDL DIRECT INC COM 553530 10 6 3,307 194,500
MACROMEDIA INC COM 556100 10 5 1,359 30,000
MARK IV INDS INC COM 570387 10 0 86 6,639
MASCO CORP COM 574599 10 6 147 5,200
MAXXIM MED INC COM 57777G 10 5 6,418 340,000
MAXXIM MED INC COM 57777G 10 5 1,336 70,800
MAXIMUS INC COM 577933 10 4 24,319 835,000
MAXIMUS INC COM 577933 10 4 4,054 139,200
MAYTAG CORP COM 578592 10 7 70,216 1,163,000
MAYTAG CORP COM 578592 10 7 8,791 145,600
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
KEEBLER FOODS CO 270,000 1,2,3 270,000
KELLOGG CO 2,800 1,2,3,4 2,800
KIMBERLY CLARK CORP 7,200 1,2,3,4 7,200
KOHLS CORP 867,400 1,2,3 867,400
KOHLS CORP 65,000 1,2,3,4 65,000
KROGER CO 2,004,700 1,2,3 2,004,700
KROGER CO 171,000 1,2,3,4 171,000
LTC PPTYS INC 90,000 1,2,3 90,000
LTC PPTYS INC 4,000,000 1,2,3 4,000,000
LANDS END INC 25,000 1,2,3 25,000
LANDS END INC 31,800 1,2,3,4 31,800
LEARNING CO INC 560,000 1,2,3 560,000
LEVEL 3 COMMUNICATIONS INC 1,429,200 1,2,3 1,429,200
LIBERTY CORP S C 350,000 1,2,3 350,000
LILLY ELI & CO 2,523,400 1,2,3 2,523,400
LILLY ELI & CO 236,400 1,2,3,4 236,400
LINCOLN NATL CORP IND 200,000 1,2,3 200,000
LOCKHEED MARTIN CORP 3,840,100 1,2,3 3,840,100
LOCKHEED MARTIN CORP 416,100 1,2,3,4 416,100
LUNAR CORP 600,000 1,2,3 600,000
LUNAR CORP 201,500 1,2,3,4 201,500
MBNA CORP 1,500,000 1,2,3 1,500,000
MBNA CORP 37,500 1,2,3,4 37,500
MCI WORLDCOM INC 1,200,100 1,2,3 1,200,100
MCI WORLDCOM INC 98,470 1,2,3,4 98,470
MGC COMMUNICATIONS INC 48,000 1,2,3 48,000
MSC INDL DIRECT INC 1,080,000 1,2,3 1,080,000
MSC INDL DIRECT INC 194,500 1,2,3,4 194,500
MACROMEDIA INC 30,000 1,2,3 30,000
MARK IV INDS INC 6,639 1,2,3,4 6,639
MASCO CORP 5,200 1,2,3,4 5,200
MAXXIM MED INC 340,000 1,2,3 340,000
MAXXIM MED INC 70,800 1,2,3,4 70,800
MAXIMUS INC 835,000 1,2,3 835,000
MAXIMUS INC 139,200 1,2,3,4 139,200
MAYTAG CORP 1,163,000 1,2,3 1,163,000
MAYTAG CORP 145,600 1,2,3,4 145,600
</TABLE>
9
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
MCGRAW HILL INC COM 580645 10 9 18,443 338,400
MCGRAW HILL INC COM 580645 10 9 872 16,000
MEDE AMER CORP COM 584067 10 2 4,996 251,000
MEDE AMER CORP COM 584067 10 2 4,989 250,600
MEDIAONE GROUP OMC COM 58440J 10 4 33,338 525,000
MEDICAL MANAGER CORP COM 58461C 10 3 1,565 67,500
MEDTRONIC INC COM 585055 10 6 159,651 2,225,100
MEDTRONIC INC COM 585055 10 6 15,276 212,900
MELLON BK CORP COM 585509 10 2 25,124 357,000
MEMBERWORKS COM 586002 10 7 11,645 321,800
MEMBERWORKS COM 586002 10 7 3,659 101,100
MERCANTILE BANCORPRATION INC COM 587405 10 1 18,266 500,000
MERCK & CO INC COM 589331 10 7 118,854 1,482,200
MERCK & CO INC COM 589331 10 7 7,473 93,200
MERCURY GENL CORP NEW COM 589400 10 0 453 13,000
MERCURY GENL CORP NEW COM 589400 10 0 502 14,400
MERIDIAN GOLD INC COM 589975 10 1 294 50,000
METRONET COMMUNICATIONS CORP CL B NON VTG 59169Y 10 8 7,266 132,100
METRONET COMMUNICATIONS CORP CL B NON VTG 59169Y 10 8 1,394 25,340
MEYER FRED INC DEL NEW COM 592907 10 9 8,831 150,000
MICHAELS STORES INC UB NT CV4.75%0 594087 AC 2 1,900 2,000,000
MICROSOFT CORP COM 594918 10 4 421,807 4,708,000
MICROSOFT CORP COM 594918 10 4 54,294 606,000
MICRON TECHNOLOGY INC COM 595112 10 3 26,296 545,000
MIDWEST EXPRESS HLDGS INC COM 597911 10 6 10,575 360,000
MIDWEST EXPRESS HLDGS INC COM 597911 10 6 4,024 137,000
MIDWEST GRAIN PRODS INC COM 59832G 10 4 1 110
MOBIL CORP COM 607059 10 2 95,040 1,080,000
MOBIL CORP COM 607059 10 2 11,563 131,400
MONSANTO CO COM 611662 10 7 178,591 3,887,700
MONSANTO CO COM 611662 10 7 14,498 315,600
MONTANA POWER CO COM 612085 10 0 8,828 120,000
MONTANA POWER CO COM 612085 10 0 250 3,400
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446 44 8 21,237 212,500
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446 44 8 240 2,400
MOTOROLA INC COM 620076 10 9 56,879 776,500
MOTOROLA INC COM 620076 10 9 3,523 48,100
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
MCGRAW HILL INC 338,400 1,2,3 338,400
MCGRAW HILL INC 16,000 1,2,3,4 16,000
MEDE AMER CORP 251,000 1,2,3 251,000
MEDE AMER CORP 250,600 1,2,3,4 250,600
MEDIAONE GROUP OMC 525,000 1,2,3 525,000
MEDICAL MANAGER CORP 67,500 1,2,3 67,500
MEDTRONIC INC 2,225,100 1,2,3 2,225,100
MEDTRONIC INC 212,900 1,2,3,4 212,900
MELLON BK CORP 357,000 1,2,3 357,000
MEMBERWORKS 321,800 1,2,3 321,800
MEMBERWORKS 101,100 1,2,3,4 101,100
MERCANTILE BANCORPRATION INC 500,000 1,2,3 500,000
MERCK & CO INC 1,482,200 1,2,3 1,482,200
MERCK & CO INC 93,200 1,2,3,4 93,200
MERCURY GENL CORP NEW 13,000 1,2,3 13,000
MERCURY GENL CORP NEW 14,400 1,2,3,4 14,400
MERIDIAN GOLD INC 50,000 1,2,3 50,000
METRONET COMMUNICATIONS CORP 132,100 1,2,3 132,100
METRONET COMMUNICATIONS CORP 25,340 1,2,3,4 25,340
MEYER FRED INC DEL NEW 150,000 1,2,3 150,000
MICHAELS STORES INC 2,000,000 1,2,3 2,000,000
MICROSOFT CORP 4,708,000 1,2,3 4,708,000
MICROSOFT CORP 606,000 1,2,3,4 606,000
MICRON TECHNOLOGY INC 545,000 1,2,3 545,000
MIDWEST EXPRESS HLDGS INC 360,000 1,2,3 360,000
MIDWEST EXPRESS HLDGS INC 137,000 1,2,3,4 137,000
MIDWEST GRAIN PRODS INC 110 1,2,3,4 110
MOBIL CORP 1,080,000 1,2,3 1,080,000
MOBIL CORP 131,400 1,2,3,4 131,400
MONSANTO CO 3,887,700 1,2,3 3,887,700
MONSANTO CO 315,600 1,2,3,4 315,600
MONTANA POWER CO 120,000 1,2,3 120,000
MONTANA POWER CO 3,400 1,2,3,4 3,400
MORGAN STANLEY DEAN WITTER&CO 212,500 1,2,3 212,500
MORGAN STANLEY DEAN WITTER&CO 2,400 1,2,3,4 2,400
MOTOROLA INC 776,500 1,2,3 776,500
MOTOROLA INC 48,100 1,2,3,4 48,100
</TABLE>
10
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
NCS HEALTHCARE INC CL A 628874 10 9 6,356 521,500
NCS HEALTHCARE INC CL A 628874 10 9 1,549 127,100
NABORS INDS INC COM 629568 10 6 164 9,000
NALCO CHEM CO COM 629853 10 2 72 2,700
NATIONAL DATA CORP COM 635621 10 5 13,020 310,000
NATIONAL DATA CORP COM 635621 10 5 202 4,800
NATIONAL HEALTH INVS INC COM 63633D 10 4 7,233 336,430
NATIONAL SVC INDS INC COM 637657 10 7 17 500
NEON SYS INC COM 640509 10 5 1,086 20,000
NETGRAVITY INC COM 641114 10 3 41 1,000
NEWPORT NEWS SHIPBUILDING INC COM 652228 10 7 1,359 42,900
NEXTEL COMMUNICATIONS INC CL A 65332V 10 3 18,344 500,000
NIKE INC CL B 654106 10 3 37,612 652,000
NIKE INC CL B 654106 10 3 3,473 60,200
NOBLE AFFILIATES INC COM 654894 10 4 4,753 163,900
NOBLE AFFILIATES INC COM 654894 10 4 15,590 537,600
NOKIA CORP SPONSORED AD 654902 20 4 74,106 475,800
NOKIA CORP SPONSORED AD 654902 20 4 4,501 28,900
NORTHWEST AIRLS CORP CL A 667280 10 1 833 30,000
NUTRACEUTICAL INTL CORP COM 67060Y 10 1 21 4,900
NUTRACEUTICAL INTL CORP COM 67060Y 10 1 9 2,100
OLD REP INTL CORP COM 680223 10 4 411 22,500
OLD REP INTL CORP COM 680223 10 4 632 34,650
OMNICARE INC COM 681904 10 8 20,016 1,050,000
ONYX SOFTWARE CORP COM 683402 10 1 1,185 30,000
O REILLY AUTOMOTIVE INC COM 686091 10 9 37,955 848,750
O REILLY AUTOMOTIVE INC COM 686091 10 9 3,906 87,350
PPG INDS INC COM 693506 10 7 40,390 788,100
PPG INDS INC COM 693506 10 7 5,509 107,500
PACKAGED ICE INC COM 695148 10 6 2,301 370,000
PACKAGED ICE INC COM 695148 10 6 187 30,000
PAGING NETWORK INC COM 695542 10 0 14,784 3,175,000
PAGING NETWORK INC COM 695542 10 0 2,184 469,000
PARAMETRIC TECHNOLOGY CORP COM 699173 10 0 11,869 600,000
PAREXEL INTL CORP COM 699462 10 7 6,188 300,000
PAREXEL INTL CORP COM 699462 10 7 165 8,000
PARKER HANNIFIN CORP COM 701094 10 4 11,597 338,600
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
NCS HEALTHCARE INC 521,500 1,2,3 521,500
NCS HEALTHCARE INC 127,100 1,2,3,4 127,100
NABORS INDS INC 9,000 1,2,3,4 9,000
NALCO CHEM CO 2,700 1,2,3,4 2,700
NATIONAL DATA CORP 310,000 1,2,3 310,000
NATIONAL DATA CORP 4,800 1,2,3,4 4,800
NATIONAL HEALTH INVS INC 336,430 1,2,3 336,430
NATIONAL SVC INDS INC 500 1,2,3,4 500
NEON SYS INC 20,000 1,2,3,4 20,000
NETGRAVITY INC 1,000 1,2,3,4 1,000
NEWPORT NEWS SHIPBUILDING INC 42,900 1,2,3 42,900
NEXTEL COMMUNICATIONS INC 500,000 1,2,3 500,000
NIKE INC 652,000 1,2,3 652,000
NIKE INC 60,200 1,2,3,4 60,200
NOBLE AFFILIATES INC 163,900 1,2,3 163,900
NOBLE AFFILIATES INC 537,600 1,2,3,4 537,600
NOKIA CORP 475,800 1,2,3 475,800
NOKIA CORP 28,900 1,2,3,4 28,900
NORTHWEST AIRLS CORP 30,000 1,2,3 30,000
NUTRACEUTICAL INTL CORP 4,900 1,2,3 4,900
NUTRACEUTICAL INTL CORP 2,100 1,2,3,4 2,100
OLD REP INTL CORP 22,500 1,2,3 22,500
OLD REP INTL CORP 34,650 1,2,3,4 34,650
OMNICARE INC 1,050,000 1,2,3 1,050,000
ONYX SOFTWARE CORP 30,000 1,2,3 30,000
O REILLY AUTOMOTIVE INC 848,750 1,2,3 848,750
O REILLY AUTOMOTIVE INC 87,350 1,2,3,4 87,350
PPG INDS INC 788,100 1,2,3 788,100
PPG INDS INC 107,500 1,2,3,4 107,500
PACKAGED ICE INC 370,000 1,2,3 370,000
PACKAGED ICE INC 30,000 1,2,3,4 30,000
PAGING NETWORK INC 3,175,000 1,2,3 3,175,000
PAGING NETWORK INC 469,000 1,2,3,4 469,000
PARAMETRIC TECHNOLOGY CORP 600,000 1,2,3 6,000,000
PAREXEL INTL CORP 300,000 1,2,3 300,000
PAREXEL INTL CORP 8,000 1,2,3,4 8,000
PARKER HANNIFIN CORP 338,600 1,2,3 338,600
</TABLE>
11
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
PARKER HANNIFIN CORP COM 701094 10 4 139 4,050
PAYCHEX INC COM 704326 10 7 27,342 576,000
PCORDER COM INC CL A 70453H 10 7 341 6,000
PENNEY J C INC COM 708160 10 6 9,781 241,500
PENNEY J C INC COM 708160 10 6 620 15,300
PEPSICO INC COM 713448 10 8 643 16,416
PHARMACIA & UPJOHN INC COM 716941 10 9 100,592 1,612,700
PHARMACIA & UPJOHN INC COM 716941 10 9 5,788 92,800
PFIZER INC COM 717081 10 3 241,217 1,738,500
PFIZER INC COM 717081 10 3 21,021 151,500
PLACER DOME INC COM 725906 10 1 459 41,000
PLACER DOME INC COM 725906 10 1 82 7,300
POLAROID CORP COM 731095 10 5 64 3,200
PORTUGAL TELECOM S A SPONSORED AD 737273 10 2 3,840 87,650
PORTUGAL TELECOM S A SPONSORED AD 737273 10 2 103 2,350
POWER-ONE INC COM 739308 10 4 19 2,700
PRIMACOM AG SPONSORED AD 74154N 10 8 3,029 173,075
PRIMACOM AG SPONSORED AD 74154N 10 8 352 20,125
PRIMARK CORP COM 741903 10 8 9,563 450,000
PRIMARK CORP COM 741903 10 8 3,929 184,900
PROCTER & GAMBLE CO COM 742718 10 9 117,182 1,196,500
PROCTER & GAMBLE CO COM 742718 10 9 10,274 104,900
PROTECTION ONE ALARM RSBNTCV 6.75% 743659 AL 8 1,950 2,000,000
PROVIDIAN FINL CORP COM 74406A 10 2 15,367 139,700
QUINTILES TRANSNATIONAL CORP COM 748767 10 0 45,924 1,222,600
QUINTILES TRANSNATIONAL CORP COM 748767 10 0 219 5,830
QUORUM HEALTH GROUP INC COM 749084 10 9 5,324 527,500
QUORUM HEALTH GROUP INC COM 749084 10 9 71 7,000
QWEST COMMUNICATIONS INTL INC COM 749121 10 9 25,221 349,830
RCN CORP COM 749361 10 1 14,277 425,000
RCN CORP COM 749361 10 1 3,863 115,000
RACING CHAMPIONS CORP COM 750069 10 6 5,631 513,400
RACING CHAMPIONS CORP COM 750069 10 6 2,645 241,100
RALSTON PURINA CO COM RAL-PUR 751277 30 2 94,901 3,556,000
RALSTON PURINA CO COM RAL-PUR 751277 30 2 5,722 214,400
RAYCHEM CORP DEL COM 754603 10 8 86 3,800
RAYTHEON CO CL A 755111 30 9 56,562 979,433
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
PARKER HANNIFIN CORP 4,050 1,2,3,4 4,050
PAYCHEX INC 576,000 1,2,3 576,000
PCORDER COM INC 6,000 1,2,3 6,000
PENNEY J C INC 241,500 1,2,3 241,500
PENNEY J C INC 15,300 1,2,3,4 15,300
PEPSICO INC 16,416 1,2,3,4 16,416
PHARMACIA & UPJOHN INC 1,612,700 1,2,3 1,612,700
PHARMACIA & UPJOHN INC 92,800 1,2,3,4 92,800
PFIZER INC 1,738,500 1,2,3 1,738,500
PFIZER INC 151,500 1,2,3,4 151,500
PLACER DOME INC 41,000 1,2,3 41,000
PLACER DOME INC 7,300 1,2,3,4 7,300
POLAROID CORP 3,200 1,2,3,4 3,200
PORTUGAL TELECOM S A 87,650 1,2,3 87,650
PORTUGAL TELECOM S A 2,350 1,2,3,4 2,350
POWER-ONE INC 2,700 1,2,3,4 2,700
PRIMACOM AG 173,075 1,2,3 173,075
PRIMACOM AG 20,125 1,2,3,4 20,125
PRIMARK CORP 450,000 1,2,3 450,000
PRIMARK CORP 184,900 1,2,3,4 184,900
PROCTER & GAMBLE CO 1,196,500 1,2,3 1,196,500
PROCTER & GAMBLE CO 104,900 1,2,3,4 104,900
PROTECTION ONE ALARM 2,000,000 1,2,3 2,000,000
PROVIDIAN FINL CORP 139,700 1,2,3 139,700
QUINTILES TRANSNATIONAL CORP 1,222,600 1,2,3 1,222,600
QUINTILES TRANSNATIONAL CORP 5,830 1,2,3,4 5,830
QUORUM HEALTH GROUP INC 527,500 1,2,3 527,500
QUORUM HEALTH GROUP INC 7,000 1,2,3,4 7,000
QWEST COMMUNICATIONS INTL INC 349,830 1,2,3 349,830
RCN CORP 425,000 1,2,3 425,000
RCN CORP 115,000 1,2,3,4 115,000
RACING CHAMPIONS CORP 513,400 1,2,3 513,400
RACING CHAMPIONS CORP 241,100 1,2,3,4 241,100
RALSTON PURINA CO 3,556,000 1,2,3 3,556,000
RALSTON PURINA CO 214,400 1,2,3,4 214,400
RAYCHEM CORP DEL 3,800 1,2,3,4 3,800
RAYTHEON CO 979,433 1,2,3 979,433
</TABLE>
12
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
RAYTHEON CO CL A 755111 30 9 7,307 126,526
RAYTHEON CO CL B 755111 40 8 44,942 766,600
RAYTHEON CO CL B 755111 40 8 815 13,900
RELIANT ENERGY INC COM 75952J 10 8 13,344 512,000
RELIANT ENERGY INC COM 75952J 10 8 704 27,000
RELIASTAR FINL CORP COM 75952U 10 3 21,313 500,000
REPUBLIC SVCS INC CL A 760759 10 0 23,346 1,442,200
RESEARCH IN MOTION LTD COM 760975 10 2 2,088 200,000
RESEARCH IN MOTION LTD COM 760975 10 2 445 42,600
ROYAL DUTCH PETE CO NY REG GLD1. 780257 80 4 118,794 2,284,500
ROYAL DUTCH PETE CO NY REG GLD1. 780257 80 4 1,066 20,500
SBC COMMUNICATIONS INC COM 78387G 10 3 127,421 2,703,900
SBC COMMUNICATIONS INC COM 78387G 10 3 12,257 260,100
SABRATEK CORP COM 78571U 10 8 24 1,600
SAFEWAY INC COM NEW 786514 20 8 133,207 2,596,000
SAFEWAY INC COM NEW 786514 20 8 9,524 185,600
ST JUDE MED INC COM 790849 10 3 46 1,900
ST PAUL COS INC COM 792860 10 8 9,319 300,000
SANGSTAT MED CORP COM 801003 10 4 6,172 500,000
SANGSTAT MED CORP COM 801003 10 4 118 9,550
SCHERING PLOUGH CORP COM 806605 10 1 157,088 2,840,000
SCHERING PLOUGH CORP COM 806605 10 1 6,720 121,500
SCHLUMBERGER LTD COM 806857 10 8 27,837 462,500
SCHULMAN A INC COM 808194 10 4 5,302 390,000
SCHULMAN A INC COM 808194 10 4 2,795 205,600
SCHWAB CHARLES CORP NEW COM 808513 10 5 240 2,500
SCHWEITZER-MAUDUIT INTL INC COM 808541 10 6 4 360
SCIENTIFIC ATLANTA INC COM 808655 10 4 6,813 250,000
SCOTTS CO COM 810186 10 6 206 5,500
SECURITY FIRST TECHNOLOGIES CP COM 814279 10 5 2,190 30,000
SECURITY FIRST TECHNOLOGIES CP COM 814279 10 5 5,439 74,500
SHARED MED SYS CORP COM 819486 10 1 44,828 805,000
SHARED MED SYS CORP COM 819486 10 1 3,536 63,500
SIERRA HEALTH SVCS INC COM 826322 10 9 31 2,400
SKYTEL COMMUNICATIONS INC COM 83087Q 10 4 9,994 600,000
SKYTEL COMMUNICATIONS INC COM 83087Q 10 4 36 2,150
SMITH INTL INC COM 832110 10 0 4,000 100,000
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
RAYTHEON CO 126,526 1,2,3,4 126,526
RAYTHEON CO 766,600 1,2,3 766,600
RAYTHEON CO 13,900 1,2,3,4 13,900
RELIANT ENERGY INC 512,000 1,2,3 512,000
RELIANT ENERGY INC 27,000 1,2,3,4 27,000
RELIASTAR FINL CORP 500,000 1,2,3 500,000
REPUBLIC SVCS INC 1,442,200 1,2,3 1,442,200
RESEARCH IN MOTION LTD 200,000 1,2,3 200,000
RESEARCH IN MOTION LTD 42,600 1,2,3,4 42,600
ROYAL DUTCH PETE CO 2,284,500 1,2,3 2,284,500
ROYAL DUTCH PETE CO 20,500 1,2,3,4 20,500
SBC COMMUNICATIONS INC 2,703,900 1,2,3 2,703,900
SBC COMMUNICATIONS INC 260,100 1,2,3,4 260,100
SABRATEK CORP 1,600 1,2,3,4 1,600
SAFEWAY INC 2,596,000 1,2,3 2,596,000
SAFEWAY INC 185,600 1,2,3,4 185,600
ST JUDE MED INC 1,900 1,2,3,4 1,900
ST PAUL COS INC 300,000 1,2,3 300,000
SANGSTAT MED CORP 500,000 1,2,3 500,000
SANGSTAT MED CORP 9,550 1,2,3,4 9,550
SCHERING PLOUGH CORP 2,840,000 1,2,3 2,840,000
SCHERING PLOUGH CORP 121,500 1,2,3,4 121,500
SCHLUMBERGER LTD 462,500 1,2,3 462,500
SCHULMAN A INC 390,000 1,2,3 390,000
SCHULMAN A INC 205,600 1,2,3,4 205,600
SCHWAB CHARLES CORP NEW 2,500 1,2,3,4 2,500
SCHWEITZER-MAUDUIT INTL INC 360 1,2,3,4 360
SCIENTIFIC ATLANTA INC 250,000 1,2,3 250,000
SCOTTS CO 5,500 1,2,3,4 5,500
SECURITY FIRST TECHNOLOGIES CP 30,000 1,2,3 30,000
SECURITY FIRST TECHNOLOGIES CP 74,500 1,2,3,4 74,500
SHARED MED SYS CORP 8 05,000 1,2,3 805,000
SHARED MED SYS CORP 63,500 1,2,3,4 63,500
SIERRA HEALTH SVCS INC 2,400 1,2,3,4 2,400
SKYTEL COMMUNICATIONS INC 600,000 1,2,3 600,000
SKYTEL COMMUNICATIONS INC 2,150 1,2,3,4 2,150
SMITH INTL INC 100,000 1,2,3 100,000
</TABLE>
13
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
SMUCKER J M CO CL A 832696 10 8 1,943 87,100
SONAT INC COM 835415 10 0 534 17,800
SOUTHERN CO COM 842587 10 7 303 13,000
SOUTHERN CO COM 842587 10 7 802 34,400
SOUTHWEST AIRLS CO COM 844741 10 8 25,410 840,000
SOUTHWEST AIRLS CO COM 844741 10 8 2,586 85,500
SPIEGEL INC CL A 848457 10 7 1,497 245,000
SPIEGEL INC CL A 848457 10 7 770 126,000
SPRINT CORP COM 852061 50 6 10,413 235,000
STERIS CORP COM 859152 10 0 39,325 1,477,000
STERIS CORP COM 859152 10 0 2,290 86,000
STEWART ENTERPRISES INC COM 860370 10 5 15,142 944,500
STEWART ENTERPRISES INC COM 860370 10 5 3,460 215,800
STONE ENERGY CORP COM 861642 10 6 2,672 83,500
SUMMIT BANCORP COM 866005 10 1 9,750 250,000
SUNQUEST INFORMATION SYS INC COM 867654 10 5 3,248 291,100
SUNQUEST INFORMATION SYS INC COM 867654 10 5 263 23,600
SUPERIOR SVCS INC COM 868316 10 0 12,638 638,900
SUPERIOR SVCS INC COM 868316 10 0 3,907 197,500
SYSCO CORP COM 871829 10 7 3,947 150,000
TCA CABLE TV INC COM 872241 10 4 4,999 115,000
TMP WORLDWIDE INC COM 872941 10 9 33,978 524,000
TELECOMUNICACOES BRASILEIRAS S SPONSORED AD 879287 30 8 8,063 100,000
TELLABS INC COM 879664 10 0 86,861 888,600
TELLABS INC COM 879664 10 0 4,350 44,500
TENET HEALTHCARE CORP COM 88033G 10 0 119,691 6,320,300
TENET HEALTHCARE CORP COM 88033G 10 0 13,283 701,400
TERADYNE INC COM 880770 10 2 42,204 773,500
TERADYNE INC COM 880770 10 2 895 16,400
TEXAS INSTRS INC COM 882508 10 4 55,798 562,200
TEXAS INSTRS INC COM 882508 10 4 5,489 55,300
TEXAS UTILS CO COM 882848 10 4 161,468 3,873,300
TEXAS UTILS CO COM 882848 10 4 20,373 488,700
TIFFANY & CO NEW COM 886547 10 8 10,921 146,100
TIME WARNER INC COM 887315 10 9 242,003 3,405,500
TIME WARNER INC COM 887315 10 9 31,097 437,600
TOOTSIE ROLL INDS INC COM 890516 10 7 15,100 327,818
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
SMUCKER J M CO 87,100 1,2,3,4 87,100
SONAT INC 17,800 1,2,3,4 17,800
SOUTHERN CO 13,000 1,2,3 13,000
SOUTHERN CO 34,400 1,2,3,4 34,400
SOUTHWEST AIRLS CO 840,000 1,2,3 840,000
SOUTHWEST AIRLS CO 85,500 1,2,3,4 85,500
SPIEGEL INC 245,000 1,2,3 245,000
SPIEGEL INC 126,000 1,2,3,4 126,000
SPRINT CORP 235,000 1,2,3 235,000
STERIS CORP 1,477,000 1,2,3 1,477,000
STERIS CORP 86,000 1,2,3,4 86,000
STEWART ENTERPRISES INC 944,500 1,2,3 944,500
STEWART ENTERPRISES INC 215,800 1,2,3,4 215,800
STONE ENERGY CORP 83,500 1,2,3,4 83,500
SUMMIT BANCORP 250,000 1,2,3 250,000
SUNQUEST INFORMATION SYS INC 291,100 1,2,3 291,100
SUNQUEST INFORMATION SYS INC 23,600 1,2,3,4 23,600
SUPERIOR SVCS INC 638,900 1,2,3 638,900
SUPERIOR SVCS INC 197,500 1,2,3,4 197,500
SYSCO CORP 150,000 1,2,3 150,000
TCA CABLE TV INC 115,000 1,2,3 115,000
TMP WORLDWIDE INC 524,000 1,2,3 524,000
TELECOMUNICACOES BRASILEIRAS S 100,000 1,2,3 100,000
TELLABS INC 888,600 1,2,3 888,600
TELLABS INC 44,500 1,2,3,4 44,500
TENET HEALTHCARE CORP 6,320,300 1,2,3 6,320,300
TENET HEALTHCARE CORP 701,400 1,2,3,4 701,400
TERADYNE INC 773,500 1,2,3 773,500
TERADYNE INC 16,400 1,2,3,4 16,400
TEXAS INSTRS INC 562,200 1,2,3 562,200
TEXAS INSTRS INC 55,300 1,2,3,4 55,300
TEXAS UTILS CO 3,873,300 1,2,3 3,873,300
TEXAS UTILS CO 488,700 1,2,3,4 488,700
TIFFANY & CO NEW 146,100 1,2,3 146,100
TIME WARNER INC 3,405,500 1,2,3 3,405,500
TIME WARNER INC 437,600 1,2,3,4 437,600
TOOTSIE ROLL INDS INC 327,818 1,2,3 327,818
</TABLE>
14
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
TOOTSIE ROLL INDS INC COM 890516 10 7 2,775 60,239
TRACTOR SUPPLY CO COM 892356 10 6 5,088 200,000
TRANSACTION SYS ARCHITECTS COM 893416 10 7 39,923 1,108,000
TRANSACTION SYS ARCHITECTS COM 893416 10 7 4,010 111,300
TRICON GLOBAL RESTAURANTS COM 895953 10 7 115 1,641
TRIBUNE CO NEW COM 896047 10 7 9,187 140,400
TURBOCHEF INC COM 900006 10 7 251 25,600
TURNER CORP COM 900273 10 3 1,592 113,710
TYCO INTL LTD NEW COM 902124 10 6 62,565 871,982
TYCO INTL LTD NEW COM 902124 10 6 4,118 57,400
TYSON FOODS INC COM 902494 10 3 109 5,250
UAL CORP COM PAR $0.01 902549 50 0 13,917 179,000
UAL CORP COM PAR $0.01 902549 50 0 653 8,400
USA NETWORKS INC COM 902984 10 3 10,734 300,000
U S FOODSERVICE COM 90331R 10 1 14,034 301,800
U S FOODSERVICE COM 90331R 10 1 293 6,300
USX-U S STL COM 90337T 10 1 10,740 457,000
USX-U S STL COM 90337T 10 1 595 25,300
UBID INC COM 903469 10 4 6,513 100,000
UBID INC COM 903469 10 4 202 3,100
UNICOM CORP COM 904911 10 4 14,771 404,000
UNICOM CORP COM 904911 10 4 603 16,500
UNION CAMP CORP COM 905530 10 1 114 1,700
UNION PAC RES GROUP INC COM 907834 10 5 11,875 1,000,000
UNIPHASE CORP COM 909149 10 6 2,644 23,000
UNITED STATES FILTER CORP NEW COM NEW 911843 20 9 224 7,300
USWEB CORP COM 917327 10 8 65,241 1,584,000
USWEB CORP COM 917327 10 8 5,838 141,750
VALERO ENERGY CORP NEW COM 91913Y 10 0 14,388 578,400
VERITAS SOFTWARE CO COM 923436 10 9 32,250 400,000
VERITY INC COM 92343C 10 6 3,344 100,000
VERITY INC COM 92343C 10 6 227 6,800
VIGNETTE CORP COM 926734 10 4 1,494 20,000
VIGNETTE CORP COM 926734 10 4 2,390 32,000
VISIO CORP COM 927914 10 1 982 35,000
WD-40 CO COM 929236 10 7 2,558 88,200
WAL MART STORES INC COM 931142 10 3 332,963 3,611,800
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
TOOTSIE ROLL INDS INC 60,239 1,2,3,4 60,239
TRACTOR SUPPLY CO 200,000 1,2,3 200,000
TRANSACTION SYS ARCHITECTS 1,108,000 1,2,3 1,108,000
TRANSACTION SYS ARCHITECTS 111,300 1,2,3,4 111,300
TRICON GLOBAL RESTAURANTS 1,641 1,2,3,4 1,641
TRIBUNE CO NEW 140,400 1,2,3 140,400
TURBOCHEF INC 25,600 1,2,3,4 25,600
TURNER CORP 113,710 1,2,3,4 113,710
TYCO INTL LTD NEW 871,982 1,2,3 871,982
TYCO INTL LTD NEW 57,400 1,2,3,4 57,400
TYSON FOODS INC 5,250 1,2,3,4 5,250
UAL CORP 179,000 1,2,3 179,000
UAL CORP 8,400 1,2,3,4 8,400
USA NETWORKS INC 300,000 1,2,3 300,000
U S FOODSERVICE 301,800 1,2,3 301,800
U S FOODSERVICE 6,300 1,2,3,4 6,300
USX-U S STL 457,000 1,2,3 457,000
USX-U S STL 25,300 1,2,3,4 25,300
UBID INC 100,000 1,2,3 100,000
UBID INC 3,100 1,2,3,4 3,100
UNICOM CORP 404,000 1,2,3 404,000
UNICOM CORP 16,500 1,2,3,4 16,500
UNION CAMP CORP 1,700 1,2,3,4 1,700
UNION PAC RES GROUP INC 1,000,000 1,2,3 1,000,000
UNIPHASE CORP 23,000 1,2,3 23,000
UNITED STATES FILTER CORP NEW 7,300 1,2,3,4 7,300
USWEB CORP 1,584,000 1,2,3 1,584,000
USWEB CORP 141,750 1,2,3,4 141,750
VALERO ENERGY CORP NEW 578,400 1,2,3 578,400
VERITAS SOFTWARE CO 400,000 1,2,3 400,000
VERITY INC 100,000 1,2,3 100,000
VERITY INC 20,000 1,2,3 20,000
VIGNETTE CORP 32,000 1,2,3,4 32,000
VISIO CORP 35,000 1,2,3 35,000
WD-40 CO 88,200 1,2,3,4 88,200
WAL MART STORES INC 3,611,800 1,2,3 3,611,800
WAL MART STORES INC 392,500 1,2,3,4 392,500
</TABLE>
15
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
WAL MART STORES INC COM 931142 10 3 36,184 392,500
WALGREEN CO COM 931422 10 9 43,991 1,557,200
WALGREEN CO COM 931422 10 9 3,548 125,600
WALKER INTERACTIVE SYS INC COM 931664 10 6 24 5,700
WALTER INDS INC COM 93317Q 10 5 1,688 150,000
WARNER LAMBERT CO COM 934488 10 7 312,908 4,727,600
WARNER LAMBERT CO COM 934488 10 7 32,677 493,700
WASTE INDUSTRIES INC COM 941058 10 9 32 2,100
WENDYS INTL INC COM 950590 10 9 40,569 1,426,600
WENDYS INTL INC COM 950590 10 9 1,155 40,600
WESTERN RES INC COM 959425 10 9 267 10,000
WESTERN WIRELESS CORP CL A 95988E 20 4 76,784 2,120,000
WESTERN WIRELESS CORP CL A 95988E 20 4 5,263 145,300
WEYERHAEUSER CO COM 962166 10 4 94 1,700
WHITTMAN-HART INC COM 966834 10 3 712 33,000
WILLAMETTE INDS INC COM 969133 10 7 37,524 994,000
WILLAMETTE INDS INC COM 969133 10 7 4,938 130,800
WILLIAMS SONOMA INC COM 969904 10 1 12,713 450,000
WIND RIVER SYSTEMS INC COM 973149 10 7 15,336 862,500
WYMAN GORDON CO COM 983085 10 1 669 72,300
XILINX INC COM 983919 10 1 76,677 1,891,800
XILINX INC COM 983919 10 1 4,037 99,600
XYLAN CORP COM 984151 10 0 11,422 310,000
XYLAN CORP COM 984151 10 0 5,224 141,800
YAHOO INC COM 984332 10 6 112,013 666,000
YELLOW CORP COM 985509 10 8 12 700
YOUNG & RUBICAM INC COM 987425 10 5 12,225 300,000
DAIMLERCHRYSLER AG ORD D1668R 12 3 71,182 829,503
DAIMLERCHRYSLER AG ORD D1668R 12 3 1,130 13,165
ACE LTD ORD G0070K 10 3 21,831 700,000
ANNUITY AND LIFE RE HLDGS ORD G03910 10 9 57 2,500
ESG RE LTD ORD G31215 10 9 9,760 616,000
ESG RE LTD ORD G31215 10 9 601 37,950
GEMSTAR INTL GROUP LTD ORD G3788V 10 6 41,371 550,700
JINPAN INTL LTD ORD G5138L 10 0 319 150,000
LORAL SPACE & COMMUNICATIONS COM G56462 10 7 118 8,200
HILFIGER TOMMY CORP ORD G8915Z 10 2 28,308 411,000
17,395,378 343,311,546
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
WAL MART STORES INC 392,500 1,2,3,4 392,500
WALGREEN CO 1,557,200 1,2,3 1,557,200
WALGREEN CO 125,600 1,2,3,4 125,600
WALKER INTERACTIVE SYS INC 5,700 1,2,3,4 5,700
WALTER INDS INC 150,000 1,2,3 150,000
WARNER LAMBERT CO 4,727,600 1,2,3 4,727,600
WARNER LAMBERT CO 493,700 1,2,3,4 493,700
WASTE INDUSTRIES INC 2,100 1,2,3,4 2,100
WENDYS INTL INC 1,426,600 1,2,3 1,426,600
WENDYS INTL INC 40,600 1,2,3,4 40,600
WESTERN RES INC 10,000 1,2,3,4 10,000
WESTERN WIRELESS CORP 2,120,000 1,2,3 2,120,000
WESTERN WIRELESS CORP 145,300 1,2,3,4 145,300
WEYERHAEUSER CO 1,700 1,2,3,4 1,700
WHITTMAN-HART INC 33,000 1,2,3 33,000
WILLAMETTE INDS INC 994,000 1,2,3 994,000
WILLAMETTE INDS INC 130,800 1,2,3,4 130,800
WILLIAMS SONOMA INC 450,000 1,2,3 450,000
WIND RIVER SYSTEMS INC 862,500 1,2,3 862,500
WYMAN GORDON CO 72,300 1,2,3 72,300
XILINX INC 1,891,800 1,2,3 1,891,800
XILINX INC 99,600 1,2,3,4 99,600
XYLAN CORP 310,000 1,2,3 310,000
XYLAN CORP 141,800 1,2,3,4 141,800
YAHOO INC 666,000 1,2,3 666,000
YELLOW CORP 700 1,2,3,4 700
YOUNG & RUBICAM INC 300,000 1,2,3 300,000
DAIMLERCHRYSLER AG 829,503 1,2,3 829,503
DAIMLERCHRYSLER AG 13,165 1,2,3,4 13,165
ACE LTD 700,000 1,2,3 700,000
ANNUITY AND LIFE RE HLDGS 2,500 1,2,3,4 2,500
ESG RE LTD 616,000 1,2,3 616,000
ESG RE LTD 37,950 1,2,3,4 37,950
GEMSTAR INTL GROUP LTD 550,700 1,2,3 550,700
JINPAN INTL LTD 150,000 1,2,3 150,000
LORAL SPACE & COMMUNICATIONS 8,200 1,2,3,4 8,200
HILFIGER TOMMY CORP 411,000 1,2,3 411,000
</TABLE>
16
<PAGE>
<TABLE>
<CAPTION>
03/31/99
ITEM 4: ITEM 5:
ITEM 2: ITEM 3: FAIR SHARES OR
ITEM 1: TITLE OF CUSIP MARKET PRINCIPAL
NAME OF ISSUE CLASS NUMBER VALUE AMOUNT
------------- ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C>
HILFIGER TOMMY CORP ORD G8915Z 10 2 3,113 45,200
PANAMERICAN BEVERAGES INC CL A P74823 10 8 26,365 1,501,200
PANAMERICAN BEVERAGES INC CL A P74823 10 8 262 14,900
SUN INTL HOTELS LTD ORD P8797T 13 3 1,640 49,900
SUN INTL HOTELS LTD ORD P8797T 13 3 1,440 43,800
17,395,378 343,311,546
<CAPTION>
03/31/99 ITEM 6:
INVESTMENT DISCRETION
AS ITEM 7: ITEM 8:
IN INSTR. MANAGERS VOTING AUTHOURITY
ITEM 1: V SEE (SHARES)
NAME OF ISSUE (A)SOLE (B)SHARED (C)NONE INSTR. V (A)SOLE (B)SHARED (C)NONE
------------- ------- --------- ------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
HILFIGER TOMMY CORP 45,200 1,2,3,4 45,200
PANAMERICAN BEVERAGES INC 1,501,200 1,2,3 1,501,200
PANAMERICAN BEVERAGES INC 14,900 1,2,3,4 14,900
SUN INTL HOTELS LTD 49,900 1,2,3 49,900
SUN INTL HOTELS LTD 43,800 1,2,3,4 43,800
</TABLE>
17
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