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<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: September 30, 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 November 5th, 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
WRIMCO for Waddell & Reed Asset Managment Company, a non-affiliated company
or by managed accounts advised by Austin, Calvert & Flavin, Inc. ("ACF"), an
investment advisor and wholly owned subsidiary of WRIMCO. 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"). 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 and ACF 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: 5
Form 13F Information Table Entry Total 765
Form 13F Information Table Value Total $19,337,627 ($ 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.
No. Form 13F File Number Name
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
5 28-3226 Austin, Calvert & Flavin, Inc.
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS COM 000886 10 1 13,716 327,300 SH
A D C TELECOMMUNICATIONS COM 000886 10 1 1,697 40,500 SH
AHL SVCS INC COM 001296 10 2 15,675 600,000 SH
AHL SVCS INC COM 001296 10 2 204 7,800 SH
AMFM INC COM 001693 10 0 486 8,000 SH
AMR CORP COM 001765 10 6 57,737 1,059,400 SH
AMR CORP COM 001765 10 6 5,581 102,400 SH
AT&T CORP COM 001957 10 9 6,525 150,000 SH
AT&T CORP COM 001957 10 9 486 11,165 SH
AT&T CORP COM 001957 10 9 570 13,111 SH
AT&T CORP COM LIB GRP A 001957 20 8 39,390 1,061,000 SH
AT&T CORP COM LIB GRP A 001957 20 8 402 10,820 SH
AT & T CDA INC DEPS RCPT CL B 00207Q 20 2 13,065 207,900 SH
AT & T CDA INC DEPS RCPT CL B 00207Q 20 2 1,647 26,200 SH
ABACUS DIRECT CORP COM 002553 10 5 45,896 376,000 SH
ABBOTT LABS COM 002824 10 0 7,350 200,000 SH
ABBOTT LABS COM 002824 10 0 801 21,800 SH
ABBOTT LABS COM 002824 10 0 24,364 662,961 SH
ABERCROMBIE & FITCH CO CL A 002896 20 7 51,005 1,497,400 SH
ABERCROMBIE & FITCH CO CL A 002896 20 7 5,900 173,200 SH
ACXIOM CORP COM 005125 10 9 42,459 2,160,100 SH
ACXIOM CORP COM 005125 10 9 4,424 225,050 SH
ADOBE SYS INC COM 00724F 10 1 11,347 100,000 SH
ADOBE SYS INC COM 00724F 10 1 1,328 11,700 SH
ADVANCED FIBRE COMMUNICATIONS COM 00754A 10 5 20,301 913,700 SH
ADVANCED FIBRE COMMUNICATIONS COM 00754A 10 5 12,638 568,800 SH
AIR PRODS & CHEMS INC COM 009158 10 6 53,917 1,855,200 SH
AIR PRODS & CHEMS INC COM 009158 10 6 6,080 209,200 SH
ALBANY MOLECULAR RESH INC COM 012423 10 9 2,605 105,000 SH
ALBERTSONS INC COM 013104 10 4 574 14,500 SH
ALCOA INC COM 013817 10 1 18,619 300,000 SH
ALCOA INC COM 013817 10 1 341 5,500 SH
ALCOA INC COM 013817 10 1 292 4,700 SH
ALCATEL SPONSORED ADR 013904 30 5 7,341 264,552 SH
ALLAIRE CORP COM 016714 10 7 1,389 25,000 SH
ALLMERICA FIN CORP COM 019754 10 0 18,309 384,450 SH
ALLIEDSIGNAL INC COM 019512 10 2 29,969 500,000 SH
ALLIED WASTE INDS INC COM PAR$.01NEW 019589 30 8 15,194 1,300,000 SH
ALLIED WASTE INDS INC COM PAR$.01NEW 019589 30 8 43 3,650 SH
ALLMERICA FINL CORP COM 019754 10 0 14,288 300,000 SH
ALLTEL CORP COM 020039 10 3 447 6,346 SH
AMAZON COM INC COM 023135 10 6 51,779 648,000 SH
AMERICA ONLINE INC DEL COM 02364J 10 4 205,889 1,979,700 SH
AMERICA ONLINE INC DEL COM 02364J 10 4 9,360 90,000 SH
AMERICA ONLINE INC DEL COM 02364J 10 4 270 2,600 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS DEFINED 1,2,3 327,300
A D C TELECOMMUNICATIONS DEFINED 1,2,3,4 40,500
AHL SVCS INC DEFINED 1,2,3 600,000
AHL SVCS INC DEFINED 1,2,3,4 7,800
AMFM INC DEFINED 1,2,3,5 8,000
AMR CORP DEFINED 1,2,3 1,059,400
AMR CORP DEFINED 1,2,3,4 102,400
AT&T CORP DEFINED 1,2,3 150,000
AT&T CORP DEFINED 1,2,3,4 11,165
AT&T CORP DEFINED 1,2,3,5 13,111
AT&T CORP DEFINED 1,2,3 1,061,000
AT&T CORP DEFINED 1,2,3,4 10,820
AT & T CDA INC DEFINED 1,2,3 207,900
AT & T CDA INC DEFINED 1,2,3,4 26,200
ABACUS DIRECT CORP DEFINED 1,2,3 376,000
ABBOTT LABS DEFINED 1,2,3 200,000
ABBOTT LABS DEFINED 1,2,3,4 21,800
ABBOTT LABS DEFINED 1,2,3,5 662,961
ABERCROMBIE & FITCH CO DEFINED 1,2,3 1,497,400
ABERCROMBIE & FITCH CO DEFINED 1,2,3,4 173,200
ACXIOM CORP DEFINED 1,2,3 2,160,100
ACXIOM CORP DEFINED 1,2,3,4 225,050
ADOBE SYS INC DEFINED 1,2,3 100,000
ADOBE SYS INC DEFINED 1,2,3,4 11,700
ADVANCED FIBRE COMMUNICATIONS DEFINED 1,2,3 913,700
ADVANCED FIBRE COMMUNICATIONS DEFINED 1,2,3,4 568,800
AIR PRODS & CHEMS INC DEFINED 1,2,3 1,855,200
AIR PRODS & CHEMS INC DEFINED 1,2,3,4 209,200
ALBANY MOLECULAR RESH INC DEFINED 1,2,3 105,000
ALBERTSONS INC DEFINED 1,2,3,4 14,500
ALCOA INC DEFINED 1,2,3 300,000
ALCOA INC DEFINED 1,2,3,4 5,500
ALCOA INC DEFINED 1,2,3,5 4,700
ALCATEL DEFINED 1,2,3,5 264,552
ALLAIRE CORP DEFINED 1,2,3 25,000
ALLMERICA FIN CORP DEFINED 1,2,3,5 384,450
ALLIEDSIGNAL INC DEFINED 1,2,3 500,000
ALLIED WASTE INDS INC DEFINED 1,2,3 1,300,000
ALLIED WASTE INDS INC DEFINED 1,2,3,4 3,650
ALLMERICA FINL CORP DEFINED 1,2,3 300,000
ALLTEL CORP DEFINED 1,2,3,5 6,346
AMAZON COM INC DEFINED 1,2,3 648,000
AMERICA ONLINE INC DEL DEFINED 1,2,3 1,979,700
AMERICA ONLINE INC DEL DEFINED 1,2,3,4 90,000
AMERICA ONLINE INC DEL DEFINED 1,2,3,5 2,600
</TABLE>
1
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
AMERICAN ELEC PWR INC COM 025537 10 1 249 7,300 SH
AMERICAN EXPRESS CO COM 025816 10 9 229 1,700 SH
AMERICAN EXPRESS CO COM 025816 10 9 22,886 170,000 SH
AMERICAN GENERAL CORP COM 026351 10 6 12,638 200,000 SH
AMERICAN GENERAL CORP COM 026351 10 6 1,573 24,900 SH
AMERICAN HEALTHCORP INC COM 02649V 10 4 4,798 760,000 SH
AMERICAN HEALTHCORP INC COM 02649V 10 4 2,153 341,100 SH
AMERICAN HOME PRODS CORP COM 026609 10 7 77,315 1,863,000 SH
AMERICAN HOME PRODS CORP COM 026609 10 7 7,404 178,400 SH
AMERICAN HOME PRODS CORP COM 026609 10 7 24,597 592,691 SH
AMERICAN INTL GROUP INC COM 026874 10 7 134,552 1,547,687 SH
AMERICAN INTL GROUP INC COM 026874 10 7 18,322 210,752 SH
AMERICAN INTL GROUP INC COM 026874 10 7 1,706 19,623 SH
AMERICAN ITALIAN PASTA CO CL A 027070 10 1 21,148 738,800 SH
AMERICAN ITALIAN PASTA CO CL A 027070 10 1 12,429 434,200 SH
AMERICAN MOBILE SATELLITE CORP COM 02755R 10 3 12,228 700,000 SH
AMERICAN MOBILE SATELLITE CORP COM 02755R 10 3 187 10,700 SH
AMERITECH CORP NEW COM 030954 10 1 257 14,720 SH
AMGEN INC COM 031162 10 0 37,190 456,318 SH
AMPHENOL CORP NEW CL A 032095 10 1 297 6,000 SH
AMSURG CORP CL A 03232P 10 8 2,625 400,000 SH
AMSURG CORP CL A 03232P 10 8 295 45,000 SH
AMSURG CORP CL B 03232P 20 7 3,355 536,809 SH
AMSURG CORP CL B 03232P 20 7 1,328 212,552 SH
ANADARKO PETE CORP COM 032511 10 7 30,563 1,000,000 SH
ANALOG DEVICES INC COM 032654 10 5 176,951 3,452,700 SH
ANALOG DEVICES INC COM 032654 10 5 11,147 217,500 SH
ANHEUSER BUSCH COS INC COM 035229 10 3 12,962 185,000 SH
ANTENNA TV SA SPONSORED ADR 03672N 10 0 665 70,000 SH
APACHE CORP COM 037411 10 5 13 300 SH
APPLE COMPUTER INC COM 037833 10 0 64,313 1,016,300 SH
APPLE COMPUTER INC COM 037833 10 0 1,367 21,600 SH
APPLE COMPUTER INC COM 037833 10 0 20,101 317,650 SH
APPLIED MATLS INC COM 038222 10 5 146,071 1,881,000 SH
APPLIED MATLS INC COM 038222 10 5 11,850 152,600 SH
ARCHSTONE CMNTYS TR SH BEN INT 039581 10 3 8,486 429,655 SH
ARIBA CORP COM 04033V 10 4 4,621 32,000 SH
ASSOCIATES FIRST CAP CORP CL A 046008 10 8 125,998 3,499,932 SH
ASSOCIATES FIRST CAP CORP CL A 046008 10 8 11,897 330,468 SH
ATLANTIC RICHFIELD CO COM 048825 10 3 674 7,600 SH
ATMEL CORP COM 049513 10 4 11,823 350,000 SH
AUTOMATIC DATA PROCESSING INC COM 053015 10 3 242 5,420 SH
AVNET INC COM 053807 10 3 8,400 200,000 SH
AVNET INC COM 053807 10 3 286 6,800 SH
BCE INC COM 05534B 10 9 389 7,800 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C>
AMERICAN ELEC PWR INC DEFINED 1,2,3,5 7,300
AMERICAN EXPRESS CO DEFINED 1,2,3,4 1,700
AMERICAN EXPRESS CO DEFINED 1,2,3,5 170,000
AMERICAN GENERAL CORP DEFINED 1,2,3 200,000
AMERICAN GENERAL CORP DEFINED 1,2,3,5 24,900
AMERICAN HEALTHCORP INC DEFINED 1,2,3 760,000
AMERICAN HEALTHCORP INC DEFINED 1,2,3,4 341,100
AMERICAN HOME PRODS CORP DEFINED 1,2,3 1,863,000
AMERICAN HOME PRODS CORP DEFINED 1,2,3,4 178,400
AMERICAN HOME PRODS CORP DEFINED 1,2,3,5 592,691
AMERICAN INTL GROUP INC DEFINED 1,2,3 1,547,687
AMERICAN INTL GROUP INC DEFINED 1,2,3,4 210,752
AMERICAN INTL GROUP INC DEFINED 1,2,3,5 19,623
AMERICAN ITALIAN PASTA CO DEFINED 1,2,3 738,800
AMERICAN ITALIAN PASTA CO DEFINED 1,2,3,4 434,200
AMERICAN MOBILE SATELLITE CORP DEFINED 1,2,3 700,000
AMERICAN MOBILE SATELLITE CORP DEFINED 1,2,3,4 10,700
AMERITECH CORP NEW DEFINED 1,2,3,5 14,720
AMGEN INC DEFINED 1,2,3,5 456,318
AMPHENOL CORP NEW DEFINED 1,2,3,4 6,000
AMSURG CORP DEFINED 1,2,3 400,000
AMSURG CORP DEFINED 1,2,3,4 45,000
AMSURG CORP DEFINED 1,2,3 536,809
AMSURG CORP DEFINED 1,2,3,4 212,552
ANADARKO PETE CORP DEFINED 1,2,3 1,000,000
ANALOG DEVICES INC DEFINED 1,2,3 3,452,700
ANALOG DEVICES INC DEFINED 1,2,3,4 217,500
ANHEUSER BUSCH COS INC DEFINED 1,2,3 185,000
ANTENNA TV SA DEFINED 1,2,3,4 70,000
APACHE CORP DEFINED 1,2,3,4 300
APPLE COMPUTER INC DEFINED 1,2,3 1,016,300
APPLE COMPUTER INC DEFINED 1,2,3,4 21,600
APPLE COMPUTER INC DEFINED 1,2,3,5 317,650
APPLIED MATLS INC DEFINED 1,2,3 1,881,000
APPLIED MATLS INC DEFINED 1,2,3,4 152,600
ARCHSTONE CMNTYS TR DEFINED 1,2,3,5 429,655
ARIBA CORP DEFINED 1,2,3 32,000
ASSOCIATES FIRST CAP CORP DEFINED 1,2,3 3,499,932
ASSOCIATES FIRST CAP CORP DEFINED 1,2,3,4 330,468
ATLANTIC RICHFIELD CO DEFINED 1,2,3,5 7,600
ATMEL CORP DEFINED 1,2,3 350,000
AUTOMATIC DATA PROCESSING INC DEFINED 1,2,3,5 5,420
AVNET INC DEFINED 1,2,3 200,000
AVNET INC DEFINED 1,2,3,4 6,800
BCE INC DEFINED 1,2,3,5 7,800
</TABLE>
2
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
BJS WHOLESALE CLUB INC COM 05548J 10 6 14,024 474,400 SH
BJS WHOLESALE CLUB INC COM 05548J 10 6 807 27,300 SH
BP AMOCO P L C SPONSORED ADR 055622 10 4 5,444 49,128 SH
BP AMOCO P L C SPONSORED ADR 055622 10 4 3,259 29,412 SH
BRE PROPERTIES INC CL A 05564E 10 6 431 18,000 SH
BMC SOFTWARE INC COM 055921 10 0 84,700 1,184,100 SH
BMC SOFTWARE INC COM 055921 10 0 8,655 121,000 SH
BAKER HUGHES INC COM 057224 10 7 47,801 1,648,300 SH
BAKER HUGHES INC COM 057224 10 7 5,461 188,300 SH
BANK OF AMERICA CORPORATION COM 060505 10 4 29,570 530,993 SH
BANK OF AMERICA CORPORATION COM 060505 10 4 1,328 23,846 SH
BANK OF AMERICA CORPORATION COM 060505 10 4 606 10,885 SH
BARRICK GOLD CORP COM 067901 10 8 1,088 50,000 SH
BARRICK GOLD CORP COM 067901 10 8 98 4,500 SH
BASIN EXPL INC COM 070107 10 7 478 20,000 SH
BAXTER INTL INC COM 071813 10 9 163 2,700 SH
BAXTER INTL INC COM 071813 10 9 10,456 173,550 SH
BECKMAN COULTER INC COM 075811 10 9 9,688 214,700 SH
BECKMAN COULTER INC COM 075811 10 9 226 5,000 SH
BELL ATLANTIC CORP COM 077853 10 9 2,251 33,443 SH
BELLSOUTH CORP COM 079860 10 2 234 5,200 SH
BELLSOUTH CORP COM 079860 10 2 1,355 30,100 SH
BERKSHIRE HATHAWAY INC DEL CL B 084670 20 7 9,280 5,000 SH
BERKSHIRE HATHAWAY INC DEL CL B 084670 20 7 408 220 SH
BEST BUY INC COM 086516 10 1 12,835 206,800 SH
BEST BUY INC COM 086516 10 1 881 14,200 SH
BEST SOFTWARE INC COM 086579 10 9 10,092 513,400 SH
BEST SOFTWARE INC COM 086579 10 9 8,963 456,000 SH
BESTFOODS COM 08658U 10 1 78,473 1,618,000 SH
BESTFOODS COM 08658U 10 1 8,357 172,300 SH
BESTFOODS COM 08658U 10 1 689 14,200 SH
BIOCHEM PHARMA INC COM 09058T 10 8 11,953 500,000 SH
BIOGEN INC COM 090597 10 5 55,147 700,000 SH
BLOCK H & R INC COM 093671 10 5 17 400 SH
BORG-WARNER AUTOMOTIVE INC COM 099724 10 6 16,125 375,000 SH
BOSTON SCIENTIFIC CORP COM 101137 10 7 18,654 755,600 SH
BOSTON SCIENTIFIC CORP COM 101137 10 7 788 31,900 SH
BRISTOL MYERS SQUIBB CO COM 110122 10 8 180,306 2,671,200 SH
BRISTOL MYERS SQUIBB CO COM 110122 10 8 14,378 213,000 SH
BRISTOL MYERS SQUIBB CO COM 110122 10 8 3,366 49,864 SH
BRITISH STL PLC ADR FINAL INST 111015 30 1 5,202 202,000 SH
BROADCOM COMP CL A 111320 10 7 74,295 682,000 SH
BROADVISION INC COM 111412 10 2 7,317 55,000 SH
BROADVISION INC COM 111412 10 2 6,146 46,200 SH
BROWN (TOM) INC COM 115660 20 1 27,907 1,892,058 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C> <C> <C>
BJS WHOLESALE CLUB INC DEFINED 1,2,3 474,400
BJS WHOLESALE CLUB INC DEFINED 1,2,3,4 27,300
BP AMOCO P L C DEFINED 1,2,3 49,128
BP AMOCO P L C DEFINED 1,2,3,5 29,412
BRE PROPERTIES INC DEFINED 1,2,3,5 18,000
BMC SOFTWARE INC DEFINED 1,2,3 1,184,100
BMC SOFTWARE INC DEFINED 1,2,3,4 121,000
BAKER HUGHES INC DEFINED 1,2,3 1,648,300
BAKER HUGHES INC DEFINED 1,2,3,4 188,300
BANK OF AMERICA CORPORATION DEFINED 1,2,3 530,993
BANK OF AMERICA CORPORATION DEFINED 1,2,3,4 23,846
BANK OF AMERICA CORPORATION DEFINED 1,2,3,5 10,885
BARRICK GOLD CORP DEFINED 1,2,3 50,000
BARRICK GOLD CORP DEFINED 1,2,3,4 4,500
BASIN EXPL INC DEFINED 1,2,3 20,000
BAXTER INTL INC DEFINED 1,2,3,4 2,700
BAXTER INTL INC DEFINED 1,2,3,5 173,550
BECKMAN COULTER INC DEFINED 1,2,3 214,700
BECKMAN COULTER INC DEFINED 1,2,3,4 5,000
BELL ATLANTIC CORP DEFINED 1,2,3,5 33,443
BELLSOUTH CORP DEFINED 1,2,3,4 5,200
BELLSOUTH CORP DEFINED 1,2,3,5 30,100
BERKSHIRE HATHAWAY INC DEL DEFINED 1,2,3 5,000
BERKSHIRE HATHAWAY INC DEL DEFINED 1,2,3,5 220
BEST BUY INC DEFINED 1,2,3 206,800
BEST BUY INC DEFINED 1,2,3,4 14,200
BEST SOFTWARE INC DEFINED 1,2,3 513,400
BEST SOFTWARE INC DEFINED 1,2,3,4 456,000
BESTFOODS DEFINED 1,2,3 1,618,000
BESTFOODS DEFINED 1,2,3,4 172,300
BESTFOODS DEFINED 1,2,3,5 14,200
BIOCHEM PHARMA INC DEFINED 1,2,3 500,000
BIOGEN INC DEFINED 1,2,3 700,000
BLOCK H & R INC DEFINED 1,2,3,4 400
BORG-WARNER AUTOMOTIVE INC DEFINED 1,2,3 375,000
BOSTON SCIENTIFIC CORP DEFINED 1,2,3 755,600
BOSTON SCIENTIFIC CORP DEFINED 1,2,3,4 31,900
BRISTOL MYERS SQUIBB CO DEFINED 1,2,3 2,671,200
BRISTOL MYERS SQUIBB CO DEFINED 1,2,3,4 213,000
BRISTOL MYERS SQUIBB CO DEFINED 1,2,3,5 49,864
BRITISH STL PLC DEFINED 1,2,3 202,000
BROADCOM COMP DEFINED 1,2,3 682,000
BROADVISION INC DEFINED 1,2,3 55,000
BROADVISION INC DEFINED 1,2,3,4 46,200
BROWN (TOM) INC DEFINED 1,2,3,5 1,892,058
</TABLE>
3
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
BURLINGTON NORTHN SANTA FE CP COM 12189T 10 4 326 11,850 SH
BURLINGTON RES INC COM 122014 10 3 188,836 5,138,400 SH
BURLINGTON RES INC COM 122014 10 3 13,366 363,700 SH
BURLINGTON RES INC COM 122014 10 3 1,578 42,942 SH
CBS CORP COM 12490K 10 7 35,410 765,616 SH
CIT GROUP INC COM 125577 10 6 39,669 1,929,200 SH
CIT GROUP INC COM 125577 10 6 206 10,000 SH
CK WITCO CORP COM 12562C 10 8 208 14,300 SH
CK WITCO CORP COM 12562C 10 8 399 27,400 SH
CNF TRANSN INC COM 12612W 10 4 8,009 215,000 SH
CNF TRANSN INC COM 12612W 10 4 1,024 27,500 SH
CANADIAN PAC LTD NEW COM 135923 10 0 110 4,800 SH
CARDINAL HEALTH INC COM 14149Y 10 8 198,353 3,639,500 SH
CARDINAL HEALTH INC COM 14149Y 10 8 10,598 194,467 SH
CARNIVAL CORP COM 143658 10 2 58,286 1,339,900 SH
CARNIVAL CORP COM 143658 10 2 4,902 112,700 SH
CARNIVAL CORP COM 143658 10 2 36,876 847,734 SH
CARRAMERICA RLTY CORP COM 144418 10 0 215 9,800 SH
CARRIER ACCESS CORP COM 144460 10 2 242 5,800 SH
CASE CORP COM 14743R 10 3 202,538 4,066,000 SH
CASE CORP COM 14743R 10 3 17,962 360,600 SH
CATERPILLAR INC COM 149123 10 1 272 4,960 SH
CENTURYTEL INC COM 156700 10 6 371 9,137 SH
CERNER CORP COM 156782 10 4 26,252 1,725,000 SH
CERNER CORP COM 156782 10 4 6,905 453,700 SH
CHAMPION INTL CORP COM 158525 10 5 555 10,800 SH
CHAMPION INTL CORP COM 158525 10 5 575 11,200 SH
CHASE MANHATTAN CORP NEW COM 16161A 10 8 109,113 1,447,600 SH
CHASE MANHATTAN CORP NEW COM 16161A 10 8 10,236 135,800 SH
CHECKFREE HLDGS CORP COM 162816 10 2 52,497 1,277,500 SH
CHECKFREE HLDGS CORP COM 162816 10 2 13,538 329,450 SH
CHEMDEX CORP COM 163595 10 1 2,478 80,000 SH
CHEVRON CORPORATION COM 166751 10 7 77,434 872,500 SH
CHEVRON CORPORATION COM 166751 10 7 4,517 50,900 SH
CHEVRON CORPORATION COM 166751 10 7 2,588 29,163 SH
CHUBB CORP COM 171232 10 1 94,250 1,892,100 SH
CHUBB CORP COM 171232 10 1 6,082 122,100 SH
CHUBB CORP COM 171232 10 1 594 11,928 SH
CISCO SYS INC COM 17275R 10 2 368,770 5,381,050 SH
CISCO SYS INC COM 17275R 10 2 29,037 423,700 SH
CISCO SYS INC COM 17275R 10 2 16,483 240,520 SH
CITIGROUP INC COM 172967 10 1 137,162 3,117,325 SH
CITIGROUP INC COM 172967 10 1 9,681 220,025 SH
CITIGROUP INC COM 172967 10 1 561 12,744 SH
CITRIX SYS INC COM 177376 10 0 98,963 1,598,600 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
BURLINGTON NORTHN SANTA FE CP DEFINED 1,2,3,5 11,850
BURLINGTON RES INC DEFINED 1,2,3 5,138,400
BURLINGTON RES INC DEFINED 1,2,3,4 363,700
BURLINGTON RES INC DEFINED 1,2,3,5 42,942
CBS CORP DEFINED 1,2,3,5 765,616
CIT GROUP INC DEFINED 1,2,3 1,929,200
CIT GROUP INC DEFINED 1,2,3,5 10,000
CK WITCO CORP DEFINED 1,2,3 14,300
CK WITCO CORP DEFINED 1,2,3,4 27,400
CNF TRANSN INC DEFINED 1,2,3 215,000
CNF TRANSN INC DEFINED 1,2,3,4 27,500
CANADIAN PAC LTD NEW DEFINED 1,2,3,4 4,800
CARDINAL HEALTH INC DEFINED 1,2,3 3,639,500
CARDINAL HEALTH INC DEFINED 1,2,3,4 194,467
CARNIVAL CORP DEFINED 1,2,3 1,339,900
CARNIVAL CORP DEFINED 1,2,3,4 112,700
CARNIVAL CORP DEFINED 1,2,3,5 847,734
CARRAMERICA RLTY CORP DEFINED 1,2,3,5 9,800
CARRIER ACCESS CORP DEFINED 1,2,3,4 5,800
CASE CORP DEFINED 1,2,3 4,066,000
CASE CORP DEFINED 1,2,3,4 360,600
CATERPILLAR INC DEFINED 1,2,3,5 4,960
CENTURYTEL INC DEFINED 1,2,3,5 9,137
CERNER CORP DEFINED 1,2,3 1,725,000
CERNER CORP DEFINED 1,2,3,4 453,700
CHAMPION INTL CORP DEFINED 1,2,3 10,800
CHAMPION INTL CORP DEFINED 1,2,3,4 11,200
CHASE MANHATTAN CORP NEW DEFINED 1,2,3 1,447,600
CHASE MANHATTAN CORP NEW DEFINED 1,2,3,4 135,800
CHECKFREE HLDGS CORP DEFINED 1,2,3 1,277,500
CHECKFREE HLDGS CORP DEFINED 1,2,3,4 329,450
CHEMDEX CORP DEFINED 1,2,3 80,000
CHEVRON CORPORATION DEFINED 1,2,3 872,500
CHEVRON CORPORATION DEFINED 1,2,3,4 50,900
CHEVRON CORPORATION DEFINED 1,2,3,5 29,163
CHUBB CORP DEFINED 1,2,3 1,892,100
CHUBB CORP DEFINED 1,2,3,4 122,100
CHUBB CORP DEFINED 1,2,3,5 11,928
CISCO SYS INC DEFINED 1,2,3 5,381,050
CISCO SYS INC DEFINED 1,2,3,4 423,700
CISCO SYS INC DEFINED 1,2,3,5 240,520
CITIGROUP INC DEFINED 1,2,3 3,117,325
CITIGROUP INC DEFINED 1,2,3,4 220,025
CITIGROUP INC DEFINED 1,2,3,5 12,744
CITRIX SYS INC DEFINED 1,2,3 1,598,600
</TABLE>
4
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
CITRIX SYS INC COM 177376 10 0 11,465 185,200 SH
CLEAR CHANNEL COMMUNICATIONS COM 184502 10 2 223,985 2,804,197 SH
CLEAR CHANNEL COMMUNICATIONS COM 184502 10 2 12,453 155,900 SH
CLEAR CHANNEL COMMUNICATIONS COM 184502 10 2 53,658 671,777 SH
COCA COLA CO COM 191216 10 0 29 600 SH
COCA COLA CO COM 191216 10 0 4,023 83,707 SH
COLGATE PALMOLIVE CO COM 194162 10 3 87,117 1,904,200 SH
COLGATE PALMOLIVE CO COM 194162 10 3 7,700 168,300 SH
COLGATE PALMOLIVE CO COM 194162 10 3 224 4,900 SH
COLT TELECOM GROUP PLC SPONSORED ADR 196877 10 4 111,909 1,168,000 SH
COLT TELECOM GROUP PLC SPONSORED ADR 196877 10 4 6,367 66,452 SH
COLUMBIA/HCA HEALTHCARE CORP COM 197677 10 7 27,544 1,300,000 SH
COLUMBIA LABS INC COM 197779 10 1 375 50,000 SH
COMCAST CORP CL A 200300 20 0 15,938 400,000 SH
COMCAST CORP CL A 200300 20 0 6,869 172,400 SH
COMERICA INC COM 200340 10 7 58,191 1,149,450 SH
COMERICA INC COM 200340 10 7 863 17,050 SH
COMMERCE BANCSHARES INC COM 200525 10 3 272 7,673 SH
COMPAQ COMPUTER CORP COM 204493 10 0 338 14,790 SH
COMPUTER ASSOC INTL INC COM 204912 10 9 264 4,320 SH
COMPUWARE CORP COM 205638 10 9 86,554 3,325,000 SH
COMPUWARE CORP COM 205638 10 9 4,303 165,300 SH
CONCENTRIC NETWORK CORP COM 20589R 10 7 24,413 1,200,000 SH
CONCENTRIC NETWORK CORP COM 20589R 10 7 270 13,250 SH
CONCORD COMMUNICATIONS INC COM 206186 10 8 9,501 239,400 SH
CONCORD EFS INC COM 206197 10 5 47,489 2,302,500 SH
CONCORD EFS INC COM 206197 10 5 248 12,000 SH
CONCURRENT COMPUTER CORP NEW COM 206710 20 4 341 51,200 SH
CONMED CORP COM 207410 10 1 886 36,100 SH
CONSOLIDATED PAPERS INC COM 209759 10 9 26,109 971,500 SH
CONSOLIDATED PAPERS INC COM 209759 10 9 933 34,700 SH
COOPER CAMERON CORP COM 216640 10 2 42,318 1,121,000 SH
COOPER CAMERON CORP COM 216640 10 2 2,665 70,600 SH
COPPER MTN NETWORKS INC COM 217510 10 6 1,928 22,000 SH
CORNING INC COM 219350 10 5 16,112 235,000 SH
CORNING INC COM 219350 10 5 1,152 16,800 SH
COSTCO WHSL CORP NEW COM 22160K 10 5 25,779 358,200 SH
COSTCO WHSL CORP NEW COM 22160K 10 5 878 12,200 SH
COX COMMUNICATIONS INC NEW CL A 224044 10 7 199,752 4,784,473 SH
COX COMMUNICATIONS INC NEW CL A 224044 10 7 16,826 403,024 SH
CRITICAL PATH INC COM 22674V 10 0 2,259 56,000 SH
CRITICAL PATH INC COM 22674V 10 0 323 8,000 SH
CROWN CASTLE INTL CORP COM 228227 10 4 2,106 112,500 SH
CULLEN FROST BANKERS INC COM 229899 10 9 2,479 99,156 SH
CYPRESS SEMICONDUCTOR CORP COM 232806 10 9 25,800 1,200,000 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
CITRIX SYS INC DEFINED 1,2,3,4 185,200
CLEAR CHANNEL COMMUNICATIONS DEFINED 1,2,3 2,804,197
CLEAR CHANNEL COMMUNICATIONS DEFINED 1,2,3,4 155,900
CLEAR CHANNEL COMMUNICATIONS DEFINED 1,2,3,5 671,777
COCA COLA CO DEFINED 1,2,3,4 600
COCA COLA CO DEFINED 1,2,3,5 83,707
COLGATE PALMOLIVE CO DEFINED 1,2,3 1,904,200
COLGATE PALMOLIVE CO DEFINED 1,2,3,4 168,300
COLGATE PALMOLIVE CO DEFINED 1,2,3,5 4,900
COLT TELECOM GROUP PLC DEFINED 1,2,3 1,168,000
COLT TELECOM GROUP PLC DEFINED 1,2,3,4 66,452
COLUMBIA/HCA HEALTHCARE CORP DEFINED 1,2,3 1,300,000
COLUMBIA LABS INC DEFINED 1,2,3,5 50,000
COMCAST CORP DEFINED 1,2,3 400,000
COMCAST CORP DEFINED 1,2,3,4 172,400
COMERICA INC DEFINED 1,2,3 1,149,450
COMERICA INC DEFINED 1,2,3,4 17,050
COMMERCE BANCSHARES INC DEFINED 1,2,3,4 7,673
COMPAQ COMPUTER CORP DEFINED 1,2,3,5 14,790
COMPUTER ASSOC INTL INC DEFINED 1,2,3,5 4,320
COMPUWARE CORP DEFINED 1,2,3 3,325,000
COMPUWARE CORP DEFINED 1,2,3,4 165,300
CONCENTRIC NETWORK CORP DEFINED 1,2,3 1,200,000
CONCENTRIC NETWORK CORP DEFINED 1,2,3,4 13,250
CONCORD COMMUNICATIONS INC DEFINED 1,2,3 239,400
CONCORD EFS INC DEFINED 1,2,3 2,302,500
CONCORD EFS INC DEFINED 1,2,3,4 12,000
CONCURRENT COMPUTER CORP NEW DEFINED 1,2,3,4 51,200
CONMED CORP DEFINED 1,2,3 36,100
CONSOLIDATED PAPERS INC DEFINED 1,2,3 971,500
CONSOLIDATED PAPERS INC DEFINED 1,2,3,4 34,700
COOPER CAMERON CORP DEFINED 1,2,3 1,121,000
COOPER CAMERON CORP DEFINED 1,2,3,4 70,600
COPPER MTN NETWORKS INC DEFINED 1,2,3 22,000
CORNING INC DEFINED 1,2,3 235,000
CORNING INC DEFINED 1,2,3,4 16,800
COSTCO WHSL CORP NEW DEFINED 1,2,3 358,200
COSTCO WHSL CORP NEW DEFINED 1,2,3,4 12,200
COX COMMUNICATIONS INC NEW DEFINED 1,2,3 4,784,473
COX COMMUNICATIONS INC NEW DEFINED 1,2,3,4 403,024
CRITICAL PATH INC DEFINED 1,2,3 56,000
CRITICAL PATH INC DEFINED 1,2,3,4 8,000
CROWN CASTLE INTL CORP DEFINED 1,2,3 112,500
CULLEN FROST BANKERS INC DEFINED 1,2,3,5 99,156
CYPRESS SEMICONDUCTOR CORP DEFINED 1,2,3 1,200,000
</TABLE>
5
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
CYPRESS SEMICONDUCTOR CORP COM 232806 10 9 393 18,300 SH
DII GROUP INC COM 232949 10 7 5,283 150,000 SH
DII GROUP INC COM 232949 10 7 493 14,000 SH
DAYTON HUDSON CORP COM 239753 10 6 95,475 1,589,600 SH
DAYTON HUDSON CORP COM 239753 10 6 3,754 62,500 SH
DAYTON HUDSON CORP COM 239753 10 6 625 10,400 SH
DEERE & CO COM 244199 10 5 86,134 2,226,400 SH
DEERE & CO COM 244199 10 5 8,260 213,500 SH
DEERE & CO COM 244199 10 5 9,405 243,100 SH
DELL COMPUTER CORP COM 247025 10 9 152,101 3,637,700 SH
DELL COMPUTER CORP COM 247025 10 9 12,778 305,600 SH
DENDRITE INTL INC COM 248239 10 5 50,359 1,066,500 SH
DENDRITE INTL INC COM 248239 10 5 13,594 287,900 SH
DEPARTMENT 56 INC COM 249509 10 0 8,139 340,000 SH
DEPARTMENT 56 INC COM 249509 10 0 1,915 80,000 SH
DEVON ENERGY CORP NEW COM 25179M 10 3 618 14,917 SH
DISNEY WALT CO DEL COM 254687 10 6 75,048 2,900,400 SH
DISNEY WALT CO DEL COM 254687 10 6 7,799 301,400 SH
DISNEY WALT CO DEL COM 254687 10 6 948 36,656 SH
DOLLAR GEN CORP COM 256669 10 2 52,779 1,709,452 SH
DOLLAR GEN CORP COM 256669 10 2 4,660 150,925 SH
DOUBLECLICK INC COM 258609 30 4 3,575 30,000 SH
DOVER CORP COM 260003 10 8 9,810 240,000 SH
DU PONT E I DE NEMOURS & CO COM 263534 10 9 147,598 2,424,600 SH
DU PONT E I DE NEMOURS & CO COM 263534 10 9 13,599 223,400 SH
DU PONT E I DE NEMOURS & CO COM 263534 10 9 4,985 81,897 SH
DUKE POWER CO COM 264399 10 6 81,249 1,473,900 SH
DUKE POWER CO COM 264399 10 6 25,997 471,600 SH
DYNAMEX INC COM 26784F 10 3 5 2,500 SH
E M C CORP MASS COM 268648 10 2 264,469 3,702,100 SH
E M C CORP MASS COM 268648 10 2 31,325 438,500 SH
E M C CORP MASS COM 268648 10 2 343 4,800 SH
EOG RES INC COM 26875P 10 1 6,375 300,000 SH
EATON CORP COM 278058 10 2 21,242 246,100 SH
EATON CORP COM 278058 10 2 2,529 29,300 SH
EBAY INC COM 278642 10 3 43,931 311,500 SH
ECHOSTAR COMMUNICATIONS NEW CL A 278762 10 9 85,139 937,200 SH
ELECTRONIC DATA SYS NEW COM 285661 10 4 35,733 675,000 SH
ELECTRONIC DATA SYS NEW COM 285661 10 4 371 7,000 SH
EMCORE CORP COM 290846 10 4 1,487 107,400 SH
EMERSON ELEC CO COM 291011 10 4 632 10,000 SH
EMERSON ELEC CO COM 291011 10 4 853 13,500 SH
EMERSON ELEC CO COM 291011 10 4 255 4,030 SH
EMMIS BROADCASTING CORP CL A 291525 10 3 21,541 325,000 SH
EMMIS BROADCASTING CORP CL A 291525 10 3 12,408 187,200 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
CYPRESS SEMICONDUCTOR CORP DEFINED 1,2,3,4 18,300
DII GROUP INC DEFINED 1,2,3 150,000
DII GROUP INC DEFINED 1,2,3,4 14,000
DAYTON HUDSON CORP DEFINED 1,2,3 1,589,600
DAYTON HUDSON CORP DEFINED 1,2,3,4 62,500
DAYTON HUDSON CORP DEFINED 1,2,3,5 10,400
DEERE & CO DEFINED 1,2,3 2,226,400
DEERE & CO DEFINED 1,2,3,4 213,500
DEERE & CO DEFINED 1,2,3,5 243,100
DELL COMPUTER CORP DEFINED 1,2,3 3,637,700
DELL COMPUTER CORP DEFINED 1,2,3,4 305,600
DENDRITE INTL INC DEFINED 1,2,3 1,066,500
DENDRITE INTL INC DEFINED 1,2,3,4 287,900
DEPARTMENT 56 INC DEFINED 1,2,3 340,000
DEPARTMENT 56 INC DEFINED 1,2,3,4 80,000
DEVON ENERGY CORP NEW DEFINED 1,2,3,5 14,917
DISNEY WALT CO DEL DEFINED 1,2,3 2,900,400
DISNEY WALT CO DEL DEFINED 1,2,3,4 301,400
DISNEY WALT CO DEL DEFINED 1,2,3,5 36,656
DOLLAR GEN CORP DEFINED 1,2,3 1,709,452
DOLLAR GEN CORP DEFINED 1,2,3,4 150,925
DOUBLECLICK INC DEFINED 1,2,3 30,000
DOVER CORP DEFINED 1,2,3 240,000
DU PONT E I DE NEMOURS & CO DEFINED 1,2,3 2,424,600
DU PONT E I DE NEMOURS & CO DEFINED 1,2,3,4 223,400
DU PONT E I DE NEMOURS & CO DEFINED 1,2,3,5 81,897
DUKE POWER CO DEFINED 1,2,3 1,473,900
DUKE POWER CO DEFINED 1,2,3,4 471,600
DYNAMEX INC DEFINED 1,2,3,4 2,500
E M C CORP MASS DEFINED 1,2,3 3,702,100
E M C CORP MASS DEFINED 1,2,3,4 438,500
E M C CORP MASS DEFINED 1,2,3,5 4,800
EOG RES INC DEFINED 1,2,3 300,000
EATON CORP DEFINED 1,2,3 246,100
EATON CORP DEFINED 1,2,3,4 29,300
EBAY INC DEFINED 1,2,3 311,500
ECHOSTAR COMMUNICATIONS NEW DEFINED 1,2,3 937,200
ELECTRONIC DATA SYS NEW DEFINED 1,2,3 675,000
ELECTRONIC DATA SYS NEW DEFINED 1,2,3,4 7,000
EMCORE CORP DEFINED 1,2,3 107,400
EMERSON ELEC CO DEFINED 1,2,3 10,000
EMERSON ELEC CO DEFINED 1,2,3,4 13,500
EMERSON ELEC CO DEFINED 1,2,3,5 4,030
EMMIS BROADCASTING CORP DEFINED 1,2,3 325,000
EMMIS BROADCASTING CORP DEFINED 1,2,3,4 187,200
</TABLE>
6
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
ENGAGE TECHNOLOGIES INC COM 292827 10 2 1,525 40,500 SH
ENRON CORP COM 293561 10 6 20,625 500,000 SH
ENRON CORP COM 293561 10 6 248 6,000 SH
EQUIFAX INC COM 294429 10 5 7,099 252,393 SH
EQUITY OFFICE PROPERTIES TRUST COM 294741 10 3 11,625 500,000 SH
ERICSSON L M TEL CO ADR CL B SEK10 294821 40 0 124,931 4,001,800 SH
ERICSSON L M TEL CO ADR CL B SEK10 294821 40 0 1,717 55,000 SH
ERICSSON L M TEL CO ADR CL B SEK10 294821 40 0 5,157 165,192 SH
EVEREST REINS HLDGS INC COM 299808 10 5 11,906 500,000 SH
EXXON CORP COM 302290 10 1 103,981 1,369,300 SH
EXXON CORP COM 302290 10 1 4,625 60,900 SH
EXXON CORP COM 302290 10 1 11,963 157,537 SH
FACTSET RESH SYS INC COM 303075 10 5 13,423 236,000 SH
FACTSET RESH SYS INC COM 303075 10 5 7,724 135,800 SH
FASTENAL CO COM 311900 10 4 28,727 610,000 SH
FEDERAL HOME LN MTG CORP COM 313400 30 1 192,894 3,709,500 SH
FEDERAL HOME LN MTG CORP COM 313400 30 1 17,633 339,100 SH
FEDERAL HOME LN MTG CORP COM 313400 30 1 225 4,335 SH
FEDERAL MOGUL CORP COM 313549 10 7 19,294 700,000 SH
FEDERAL NATL MTG ASSN COM 313586 10 9 223,606 3,567,000 SH
FEDERAL NATL MTG ASSN COM 313586 10 9 20,135 321,200 SH
FEDERAL NATL MTG ASSN COM 313586 10 9 29,487 470,386 SH
FEDERAL SIGNAL CORP COM 313855 10 8 350 17,600 SH
FIRST DATA CORP COM 319963 10 4 16,781 382,475 SH
FISERV INC COM 337738 10 8 1,788 55,000 SH
FORD MTR CO DEL COM 345370 10 0 98,990 1,972,400 SH
FORD MTR CO DEL COM 345370 10 0 7,373 146,900 SH
FOREST LABS INC CL A 345838 10 6 54,872 1,302,600 SH
FOREST LABS INC CL A 345838 10 6 2,443 58,000 SH
GTE CORP COM 362320 10 3 208 2,700 SH
GTE CORP COM 362320 10 3 1,796 23,362 SH
GANNETT INC COM 364730 10 1 12,108 175,000 SH
GENERAL ELEC CO COM 369604 10 3 306,982 2,589,200 SH
GENERAL ELEC CO COM 369604 10 3 37,904 319,700 SH
GENERAL ELEC CO COM 369604 10 3 32,908 277,562 SH
GENERAL MLS INC COM 370334 10 4 406 5,000 SH
GENERAL MTRS CORP COM 370442 10 5 19,832 315,100 SH
GENERAL MTRS CORP CL H NEW 370442 83 2 101,934 1,780,500 SH
GENERAL MTRS CORP CL H NEW 370442 83 2 7,339 128,200 SH
GENERAL MTRS CORP CL H NEW 370442 83 2 28,562 498,908 SH
GENTEX CORP COM 371901 10 9 39,305 1,902,800 SH
GENTEX CORP COM 371901 10 9 11,353 549,600 SH
GENZYME CORP COM 372917 10 4 31,544 700,000 SH
GENZYME CORP COM 372917 10 4 83 1,850 SH
GERALD STEVENS INC COM 37369G 10 1 2,819 200,000 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
ENGAGE TECHNOLOGIES INC DEFINED 1,2,3 40,500
ENRON CORP DEFINED 1,2,3 500,000
ENRON CORP DEFINED 1,2,3,4 6,000
EQUIFAX INC DEFINED 1,2,3,5
EQUITY OFFICE PROPERTIES TRUST DEFINED 1,2,3 500,000
ERICSSON L M TEL CO DEFINED 1,2,3 4,001,800
ERICSSON L M TEL CO DEFINED 1,2,3,4 55,000
ERICSSON L M TEL CO DEFINED 1,2,3,5 165,192
EVEREST REINS HLDGS INC DEFINED 1,2,3 500,000
EXXON CORP DEFINED 1,2,3 1,369,300
EXXON CORP DEFINED 1,2,3,4 60,900
EXXON CORP DEFINED 1,2,3,5 157,537
FACTSET RESH SYS INC DEFINED 1,2,3 236,000
FACTSET RESH SYS INC DEFINED 1,2,3,4 135,800
FASTENAL CO DEFINED 1,2,3 610,000
FEDERAL HOME LN MTG CORP DEFINED 1,2,3 3,709,500
FEDERAL HOME LN MTG CORP DEFINED 1,2,3,4 339,100
FEDERAL HOME LN MTG CORP DEFINED 1,2,3,5 4,335
FEDERAL MOGUL CORP DEFINED 1,2,3 700,000
FEDERAL NATL MTG ASSN DEFINED 1,2,3 3,567,000
FEDERAL NATL MTG ASSN DEFINED 1,2,3,4 321,200
FEDERAL NATL MTG ASSN DEFINED 1,2,3,5 470,386
FEDERAL SIGNAL CORP DEFINED 1,2,3,4 17,600
FIRST DATA CORP DEFINED 1,2,3,5 382,475
FISERV INC DEFINED 1,2,3 55,000
FORD MTR CO DEL DEFINED 1,2,3 1,972,400
FORD MTR CO DEL DEFINED 1,2,3,4 146,900
FOREST LABS INC DEFINED 1,2,3 1,302,600
FOREST LABS INC DEFINED 1,2,3,4 58,000
GTE CORP DEFINED 1,2,3,4 2,700
GTE CORP DEFINED 1,2,3,5 23,362
GANNETT INC DEFINED 1,2,3 175,000
GENERAL ELEC CO DEFINED 1,2,3 2,589,200
GENERAL ELEC CO DEFINED 1,2,3,4 319,700
GENERAL ELEC CO DEFINED 1,2,3,5 277,562
GENERAL MLS INC DEFINED 1,2,3,5 5,000
GENERAL MTRS CORP DEFINED 1,2,3 315,100
GENERAL MTRS CORP DEFINED 1,2,3 1,780,500
GENERAL MTRS CORP DEFINED 1,2,3,4 128,200
GENERAL MTRS CORP DEFINED 1,2,3,5 498,908
GENTEX CORP DEFINED 1,2,3 1,902,800
GENTEX CORP DEFINED 1,2,3,4 549,600
GENZYME CORP DEFINED 1,2,3 700,000
GENZYME CORP DEFINED 1,2,3,4 1,850
GERALD STEVENS INC DEFINED 1,2,3 200,000
</TABLE>
7
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
GETTY IMAGES INC COM 374276 10 3 29,828 1,239,600 SH
GETTY IMAGES INC COM 374276 10 3 11,610 482,500 SH
GIANT INDS INC COM 374508 10 9 1,815 156,095 SH
GILEAD SCIENCES INC COM 375558 10 3 1,732 27,000 SH
GILLETTE CO COM 375766 10 2 60,333 1,777,772 SH
GILLETTE CO COM 375766 10 2 6,523 192,216 SH
GILLETTE CO COM 375766 10 2 4,094 120,627 SH
GLOBAL MARINE INC COM 379352 40 4 2,193 133,442 SH
GLOBAL TELESYSTEMS GROUP COM 37936U 10 4 27,488 1,394,000 SH
GLOBAL TELESYSTEMS GROUP COM 37936U 10 4 1,045 52,990 SH
GOLDMAN SACHS GROUP INC COM 38141G 10 4 7,625 125,000 SH
GOLDMAN SACHS GROUP INC COM 38141G 10 4 8,839 144,900 SH
GRAINGER W W INC COM 384802 10 4 125 2,600 SH
GRAINGER W W INC COM 384802 10 4 481 10,000 SH
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J 20 6 6,396 160,150 SH
GUIDANT CORP COM 401698 10 5 203,839 3,801,200 SH
GUIDANT CORP COM 401698 10 5 17,879 333,400 SH
HNC SOFTWARE INC COM 40425P 10 7 25,498 645,000 SH
HALLIBURTON CO COM 406216 10 1 21,525 525,000 SH
HALLIBURTON CO COM 406216 10 1 131 3,200 SH
HARLEY DAVIDSON INC COM 412822 10 8 100,776 2,013,000 SH
HARLEY DAVIDSON INC COM 412822 10 8 7,264 145,100 SH
HARTFOLD FINL SVCS GROUP INC COM 416515 10 4 15,214 372,200 SH
HARTFOLD FINL SVCS GROUP INC COM 416515 10 4 854 20,900 SH
HEINZ H J CO COM 423074 10 3 164 3,825 SH
HELLER FINANCIAL INC CL A 423328 10 3 22,500 1,000,000 SH
HEWLETT PACKARD CO COM 428236 10 3 258 2,800 SH
HEWLETT PACKARD CO COM 428236 10 3 12,802 139,150 SH
HISPANIC BROADCASTING CORP CL A 43357B 10 4 1,051 13,800 SH
HOME DEPOT INC COM 437076 10 2 171,583 2,500,300 SH
HOME DEPOT INC COM 437076 10 2 12,558 183,000 SH
HOME DEPOT INC COM 437076 10 2 18,769 273,501 SH
HOME DEPOT INC SB NT CV 3.25%01 437076 AE 2 1,184 400,000 PRN
HOMESTAKE MNG CO COM 437614 10 0 1,148 125,000 SH
HOMESTORE COM INC COM 437852 10 6 10,477 250,200 SH
HONEYWELL INC COM 438506 10 7 22,129 198,800 SH
ILEX ONCOLOGY INC COM 451923 10 6 1,513 123,550 SH
IMC GLOBAL INC COM 449669 10 0 3,655 251,000 SH
IMC GLOBAL INC COM 449669 10 0 581 39,900 SH
ISS GROUP INC COM 450306 10 5 8,138 300,000 SH
ISS GROUP INC COM 450306 10 5 301 11,100 SH
INCYTE PHARMACEUTICALS INC COM 45337C 10 2 55,535 2,401,500 SH
INCYTE PHARMACEUTICALS INC COM 45337C 10 2 9,923 429,100 SH
INDEPENDENT ENERGY HLDGS PLC SPONSORED ADR 45384X 10 8 13,409 700,000 SH
INFINITY BROADCASTING CP NEW CL A 45662S 10 2 23,726 809,400 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
GETTY IMAGES INC DEFINED 1,2,3 1,239,600
GETTY IMAGES INC DEFINED 1,2,3,4 482,500
GIANT INDS INC DEFINED 1,2,3,5 156,095
GILEAD SCIENCES INC DEFINED 1,2,3 27,000
GILLETTE CO DEFINED 1,2,3 1,777,772
GILLETTE CO DEFINED 1,2,3,4 192,216
GILLETTE CO DEFINED 1,2,3,5 120,627
GLOBAL MARINE INC DEFINED 1,2,3,5 133,442
GLOBAL TELESYSTEMS GROUP DEFINED 1,2,3 1,394,000
GLOBAL TELESYSTEMS GROUP DEFINED 1,2,3,4 52,990
GOLDMAN SACHS GROUP INC DEFINED 1,2,3 125,000
GOLDMAN SACHS GROUP INC DEFINED 1,2,3,4 144,900
GRAINGER W W INC DEFINED 1,2,3,4 2,600
GRAINGER W W INC DEFINED 1,2,3,5 10,000
GRUPO TELEVISA SA DE CV DEFINED 1,2,3,5 160,150
GUIDANT CORP DEFINED 1,2,3 3,801,200
GUIDANT CORP DEFINED 1,2,3,4 333,400
HNC SOFTWARE INC DEFINED 1,2,3 645,000
HALLIBURTON CO DEFINED 1,2,3 525,000
HALLIBURTON CO DEFINED 1,2,3,4 3,200
HARLEY DAVIDSON INC DEFINED 1,2,3 2,013,000
HARLEY DAVIDSON INC DEFINED 1,2,3,4 145,100
HARTFOLD FINL SVCS GROUP INC DEFINED 1,2,3 372,200
HARTFOLD FINL SVCS GROUP INC DEFINED 1,2,3,4 20,900
HEINZ H J CO DEFINED 1,2,3,4 3,825
HELLER FINANCIAL INC DEFINED 1,2,3 1,000,000
HEWLETT PACKARD CO DEFINED 1,2,3,4 2,800
HEWLETT PACKARD CO DEFINED 1,2,3,5 139,150
HISPANIC BROADCASTING CORP DEFINED 1,2,3,5 13,800
HOME DEPOT INC DEFINED 1,2,3 2,500,300
HOME DEPOT INC DEFINED 1,2,3,4 183,000
HOME DEPOT INC DEFINED 1,2,3,5 273,501
HOME DEPOT INC DEFINED 1,2,3 400,000
HOMESTAKE MNG CO DEFINED 1,2,3 125,000
HOMESTORE COM INC DEFINED 1,2,3 250,200
HONEYWELL INC DEFINED 1,2,3,5 198,800
ILEX ONCOLOGY INC DEFINED 1,2,3,5 123,550
IMC GLOBAL INC DEFINED 1,2,3 251,000
IMC GLOBAL INC DEFINED 1,2,3,4 39,900
ISS GROUP INC DEFINED 1,2,3 300,000
ISS GROUP INC DEFINED 1,2,3,4 11,100
INCYTE PHARMACEUTICALS INC DEFINED 1,2,3 2,401,500
INCYTE PHARMACEUTICALS INC DEFINED 1,2,3,4 429,100
INDEPENDENT ENERGY HLDGS PLC DEFINED 1,2,3 700,000
INFINITY BROADCASTING CP NEW DEFINED 1,2,3 809,400
</TABLE>
8
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
INFINITY BROADCASTING CP NEW CL A 45662S 10 2 1,776 60,600 SH
INET TECHNOLOGIES INC COM 45662V 10 5 2,953 74,000 SH
ING GROEP N V SPONSORED ADR 456837 10 3 222 4,059 SH
INGERSOLL RAND CO COM 456866 10 2 2,033 37,000 SH
INGERSOLL RAND CO COM 456866 10 2 148 2,700 SH
INKTOMI CORP COM 457277 10 1 66,737 556,000 SH
INSIGHT COMMUNICATIONS INC CL A 45768V 10 8 8,628 300,750 SH
INTEL CORP COM 458140 10 0 421,358 5,667,700 SH
INTEL CORP COM 458140 10 0 39,328 529,000 SH
INTEL CORP COM 458140 10 0 1,989 26,755 SH
INTERMEDIA COMMUNICATIONS FLA COM 458801 10 7 13,140 605,000 SH
INTERMEDIA COMMUNICATIONS FLA COM 458801 10 7 7,914 364,400 SH
INTERNATIONAL BUSINESS MACHS COM 459200 10 1 197,501 1,627,200 SH
INTERNATIONAL BUSINESS MACHS COM 459200 10 1 18,607 153,300 SH
INTL PAPER CO COM 460146 10 3 6,176 128,500 SH
INTL PAPER CO COM 460146 10 3 1,073 22,323 SH
INTERPUBLIC GROUP COS INC COM 460690 10 0 288 7,000 SH
INTUIT COM 461202 10 3 98,508 1,123,800 SH
INTUIT COM 461202 10 3 5,338 60,900 SH
IONICS INC COM 462218 10 8 139 4,300 SH
IRON MTN INC DEL COM 46284P 10 4 13,550 400,000 SH
IRON MTN INC DEL COM 46284P 10 4 249 7,350 SH
I2 TECHNOLOGIES INC COM 465754 10 9 11,634 300,000 SH
JDS UNIPHASE CORP COM 46612J 10 1 62,534 549,600 SH
JOHNSON & JOHNSON COM 478160 10 4 178,688 1,944,900 SH
JOHNSON & JOHNSON COM 478160 10 4 8,388 91,300 SH
JOHNSON & JOHNSON COM 478160 10 4 24,129 262,631 SH
JUNIPER NETWORKS COM 48203R 10 4 3,641 20,000 SH
KLA-TENCORP CORP COM 482480 10 0 468 7,200 SH
KN ENERGY INC COM 482620 10 1 6,261 279,065 SH
KEEBLER FOODS CO COM 487256 10 9 7,708 258,000 SH
KELLOGG CO COM 487836 10 8 161 4,300 SH
KIMBERLY CLARK CORP COM 494368 10 3 378 7,200 SH
KIMBERLY CLARK CORP COM 494368 10 3 8,949 170,450 SH
KOHLS CORP COM 500255 10 4 48,073 727,000 SH
KOHLS CORP COM 500255 10 4 5,548 83,900 SH
KONINKLIJKE PHILIPS ELECTRS NV SPON ADR NEW 500472 20 4 74,832 740,912 SH
KONINKLIJKE PHILIPS ELECTRS NV SPON ADR NEW 500472 20 4 7,818 77,408 SH
KROGER CO COM 501044 10 1 95,573 4,331,900 SH
KROGER CO COM 501044 10 1 6,067 275,000 SH
LSI LOGIC CORP COM 502161 10 2 15,450 300,000 SH
LTC PPTYS INC SUB DB CV 8.5%01 502175 AC 6 2,790 4,000,000 PRN
LANDS END INC COM 515086 10 6 251 3,800 SH
LATITUDE COMMUNICATIONS INC COM 518292 10 7 3,521 120,000 SH
LEHMAN BROS HLDGS INC COM 524908 10 0 17,494 300,000 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
INFINITY BROADCASTING CP NEW DEFINED 1,2,3,5 60,600
INET TECHNOLOGIES INC DEFINED 1,2,3 74,000
ING GROEP N V DEFINED 1,2,3,4 4,059
INGERSOLL RAND CO DEFINED 1,2,3 37,000
INGERSOLL RAND CO DEFINED 1,2,3,4 2,700
INKTOMI CORP DEFINED 1,2,3 556,000
INSIGHT COMMUNICATIONS INC DEFINED 1,2,3 300,750
INTEL CORP DEFINED 1,2,3 5,667,700
INTEL CORP DEFINED 1,2,3,4 529,000
INTEL CORP DEFINED 1,2,3,5 26,755
INTERMEDIA COMMUNICATIONS FLA DEFINED 1,2,3 605,000
INTERMEDIA COMMUNICATIONS FLA DEFINED 1,2,3,4 364,400
INTERNATIONAL BUSINESS MACHS DEFINED 1,2,3 1,627,200
INTERNATIONAL BUSINESS MACHS DEFINED 1,2,3,4 153,300
INTL PAPER CO DEFINED 1,2,3 128,500
INTL PAPER CO DEFINED 1,2,3,4 22,323
INTERPUBLIC GROUP COS INC DEFINED 1,2,3,5 7,000
INTUIT DEFINED 1,2,3 1,123,800
INTUIT DEFINED 1,2,3,4 60,900
IONICS INC DEFINED 1,2,3,4 4,300
IRON MTN INC DEL DEFINED 1,2,3 400,000
IRON MTN INC DEL DEFINED 1,2,3,4 7,350
I2 TECHNOLOGIES INC DEFINED 1,2,3 300,000
JDS UNIPHASE CORP DEFINED 1,2,3 549,600
JOHNSON & JOHNSON DEFINED 1,2,3 1,944,900
JOHNSON & JOHNSON DEFINED 1,2,3,4 91,300
JOHNSON & JOHNSON DEFINED 1,2,3,5 262,631
JUNIPER NETWORKS DEFINED 1,2,3 20,000
KLA-TENCORP CORP DEFINED 1,2,3 7,200
KN ENERGY INC DEFINED 1,2,3,5 279,065
KEEBLER FOODS CO DEFINED 1,2,3 258,000
KELLOGG CO DEFINED 1,2,3,4 4,300
KIMBERLY CLARK CORP DEFINED 1,2,3,4 7,200
KIMBERLY CLARK CORP DEFINED 1,2,3,5 170,450
KOHLS CORP DEFINED 1,2,3 727,000
KOHLS CORP DEFINED 1,2,3,4 83,900
KONINKLIJKE PHILIPS ELECTRS NV DEFINED 1,2,3 740,912
KONINKLIJKE PHILIPS ELECTRS NV DEFINED 1,2,3,4 77,408
KROGER CO DEFINED 1,2,3 4,331,900
KROGER CO DEFINED 1,2,3,4 275,000
LSI LOGIC CORP DEFINED 1,2,3 300,000
LTC PPTYS INC DEFINED 1,2,3 4,000,000
LANDS END INC DEFINED 1,2,3,4 3,800
LATITUDE COMMUNICATIONS INC DEFINED 1,2,3 120,000
LEHMAN BROS HLDGS INC DEFINED 1,2,3 300,000
</TABLE>
9
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
LEVEL 3 COMMUNICATIONS INC COM 52729N 10 0 16,553 317,000 SH
LIBERATE TECHNOLOGIES COM 530129 10 5 211 5,000 SH
LIBERTY CORP S C COM 530370 10 5 16,231 350,000 SH
LIFEPOINT HOSPITALS INC COM 53219L 10 9 4,359 500,000 SH
LILLY ELI & CO COM 532457 10 8 140,954 2,202,400 SH
LILLY ELI & CO COM 532457 10 8 11,091 173,300 SH
LINCOLN NATL CORP IND COM 534187 10 9 15,025 400,000 SH
LOCKHEED MARTIN CORP COM 539830 10 9 188,538 5,767,900 SH
LOCKHEED MARTIN CORP COM 539830 10 9 15,909 486,700 SH
LOEWS CORP COM 540424 10 8 225 3,200 SH
LOWES COS INC COM 548661 10 7 10,238 210,000 SH
LUBYS INC COM 549282 10 1 2,013 175,000 SH
LUCENT TECHNOLOGIES INC COM 549463 10 7 21,409 330,000 SH
LUCENT TECHNOLOGIES INC COM 549463 10 7 9,284 143,100 SH
LUCENT TECHNOLOGIES INC COM 549463 10 7 31,339 483,070 SH
LUNAR CORP COM 550362 10 7 4,534 620,000 SH
LUNAR CORP COM 550362 10 7 1,397 191,000 SH
MCI WORLDCOM INC COM 55268B 10 6 94,841 1,320,100 SH
MCI WORLDCOM INC COM 55268B 10 6 10,782 150,070 SH
MCI WORLDCOM INC COM 55268B 10 6 17,112 238,180 SH
MGC COMMUNICATIONS INC COM 552763 30 2 5,586 270,000 SH
MGC COMMUNICATIONS INC COM 552763 30 2 306 14,800 SH
MSC INDL DIRECT INC COM 553530 10 6 8,269 900,000 SH
MSC INDL DIRECT INC COM 553530 10 6 2,900 315,700 SH
MACROMEDIA INC COM 556100 10 5 2,246 55,000 SH
MANUFACTURED HOME CHNTYS INC COM 564682 10 2 468 20,000 SH
MASCO CORP COM 574599 10 6 161 5,200 SH
MAXIMUS INC COM 577933 10 4 33,979 1,135,000 SH
MAXIMUS INC COM 577933 10 4 9,361 312,700 SH
MCDONALDS CORP COM 580135 10 1 20,653 480,300 SH
MCDONALDS CORP COM 580135 10 1 292 6,800 SH
MCDONALDS CORP COM 580135 10 1 340 7,910 SH
MCGRAW HILL INC COM 580645 10 9 7,256 150,000 SH
MCGRAW HILL INC COM 580645 10 9 276 5,700 SH
MCKESSON HBOC INC COM 58155Q 10 3 64,238 2,215,100 SH
MCKESSON HBOC INC COM 58155Q 10 3 4,005 138,100 SH
MEAD CORP COM 582834 10 7 210 6,100 SH
MEDE AMER CORP COM 584067 10 2 7,000 307,700 SH
MEDE AMER CORP COM 584067 10 2 6,288 276,400 SH
MEDIAONE GROUP OMC COM 58440J 10 4 78,559 1,150,000 SH
MEDIAONE GROUP OMC COM 58440J 10 4 328 4,800 SH
MEDICAL MANAGER CORP NEW COM 58461U 10 3 4,661 93,750 SH
MEDTRONIC INC COM 585055 10 6 135,617 3,820,200 SH
MEDTRONIC INC COM 585055 10 6 11,058 311,500 SH
MEDTRONIC INC COM 585055 10 6 4,547 128,086 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
LEVEL 3 COMMUNICATIONS INC DEFINED 1,2,3 317,000
LIBERATE TECHNOLOGIES DEFINED 1,2,3,5 5,000
LIBERTY CORP S C DEFINED 1,2,3 350,000
LIFEPOINT HOSPITALS INC DEFINED 1,2,3 500,000
LILLY ELI & CO DEFINED 1,2,3 2,202,400
LILLY ELI & CO DEFINED 1,2,3,4 173,300
LINCOLN NATL CORP IND DEFINED 1,2,3 400,000
LOCKHEED MARTIN CORP DEFINED 1,2,3 5,767,900
LOCKHEED MARTIN CORP DEFINED 1,2,3,4 486,700
LOEWS CORP DEFINED 1,2,3,5 3,200
LOWES COS INC DEFINED 1,2,3 210,000
LUBYS INC DEFINED 1,2,3,5 175,000
LUCENT TECHNOLOGIES INC DEFINED 1,2,3 330,000
LUCENT TECHNOLOGIES INC DEFINED 1,2,3,4 143,100
LUCENT TECHNOLOGIES INC DEFINED 1,2,3,5 483,070
LUNAR CORP DEFINED 1,2,3 620,000
LUNAR CORP DEFINED 1,2,3,4 191,000
MCI WORLDCOM INC DEFINED 1,2,3 1,320,100
MCI WORLDCOM INC DEFINED 1,2,3,4 150,070
MCI WORLDCOM INC DEFINED 1,2,3,5 238,180
MGC COMMUNICATIONS INC DEFINED 1,2,3 270,000
MGC COMMUNICATIONS INC DEFINED 1,2,3,4 14,800
MSC INDL DIRECT INC DEFINED 1,2,3 900,000
MSC INDL DIRECT INC DEFINED 1,2,3,4 315,700
MACROMEDIA INC DEFINED 1,2,3 55,000
MANUFACTURED HOME CHNTYS INC DEFINED 1,2,3,5 20,000
MASCO CORP DEFINED 1,2,3,4 5,200
MAXIMUS INC DEFINED 1,2,3 1,135,000
MAXIMUS INC DEFINED 1,2,3,4 312,700
MCDONALDS CORP DEFINED 1,2,3 480,300
MCDONALDS CORP DEFINED 1,2,3,4 6,800
MCDONALDS CORP DEFINED 1,2,3,5 7,910
MCGRAW HILL INC DEFINED 1,2,3 150,000
MCGRAW HILL INC DEFINED 1,2,3,4 5,700
MCKESSON HBOC INC DEFINED 1,2,3 2,215,100
MCKESSON HBOC INC DEFINED 1,2,3,4 138,100
MEAD CORP DEFINED 1,2,3,5 6,100
MEDE AMER CORP DEFINED 1,2,3 307,700
MEDE AMER CORP DEFINED 1,2,3,4 276,400
MEDIAONE GROUP OMC DEFINED 1,2,3 1,150,000
MEDIAONE GROUP OMC DEFINED 1,2,3,5 4,800
MEDICAL MANAGER CORP NEW DEFINED 1,2,3 93,750
MEDTRONIC INC DEFINED 1,2,3 3,820,200
MEDTRONIC INC DEFINED 1,2,3,4 311,500
MEDTRONIC INC DEFINED 1,2,3,5 128,086
</TABLE>
10
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
MEMBERWORKS COM 586002 10 7 27,173 818,000 SH
MEMBERWORKS COM 586002 10 7 10,354 311,700 SH
MERCANTILE BANKSHARES CORP COM 587405 10 1 6,472 209,000 SH
MERCK & CO INC COM 589331 10 7 171,928 2,652,700 SH
MERCK & CO INC COM 589331 10 7 8,763 135,200 SH
MERCK & CO INC COM 589331 10 7 1,328 20,495 SH
MERRILL LYNCH & CO INC COM 590188 10 8 11,758 175,000 SH
MERRILL LYNCH & CO INC COM 590188 10 8 262 3,900 SH
METRO ONE TELECOMMUNICATIONS COM 59163F 10 5 1,916 100,000 SH
METRO ONE TELECOMMUNICATIONS COM 59163F 10 5 534 27,900 SH
MICHAELS STORES INC SUB NT CV4.75%03 594087 AC 2 975 1,000,000 PRN
MICROSOFT CORP COM 594918 10 4 435,357 4,805,600 SH
MICROSOFT CORP COM 594918 10 4 51,122 564,300 SH
MICROSOFT CORP COM 594918 10 4 1,771 19,550 SH
MICRON TECHNOLOGY INC COM 595112 10 3 32,616 490,000 SH
MICRON TECHNOLOGY INC COM 595112 10 3 476 7,150 SH
MIDWEST EXPRESS HLDGS INC COM 597911 10 6 13,618 520,000 SH
MIDWEST EXPRESS HLDGS INC COM 597911 10 6 8,548 326,400 SH
MINNESOTA MNG & MFG CO COM 604059 10 5 242 2,515 SH
MOBIL CORP COM 607059 10 2 99,743 990,000 SH
MOBIL CORP COM 607059 10 2 11,375 112,900 SH
MOBIL CORP COM 607059 10 2 11,492 114,064 SH
MOLEX INC COM 608554 10 1 12,991 357,151 SH
MONSANTO CO COM 611662 10 7 91,992 2,577,700 SH
MONSANTO CO COM 611662 10 7 17,326 485,500 SH
MONSANTO CO ADJ CNVR RAT 611662 30 5 270 7,490 SH
MONTANA POWER CO COM 612085 10 0 207 6,800 SH
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446 44 8 8,919 100,000 SH
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446 44 8 169 1,900 SH
MOTOROLA INC COM 620076 10 9 71,940 817,500 SH
MOTOROLA INC COM 620076 10 9 6,732 76,500 SH
MOTOROLA INC COM 620076 10 9 4,955 56,305 SH
MURPHY OIL CORP COM 626717 10 2 827 15,300 SH
MUSICMAKER COM INC COM 62757C 10 8 3,922 378,000 SH
NCR CORP NEW COM 62886E 10 8 0 1 SH
NCS HEALTHCARE INC CL A 628874 10 9 1,655 623,200 SH
NCS HEALTHCARE INC CL A 628874 10 9 1,160 436,800 SH
NTL INC COM 629407 10 7 17,873 186,000 SH
NTL INC COM 629407 10 7 1,749 18,200 SH
NALCO CHEM CO COM 629853 10 2 136 2,700 SH
NATIONAL DATA CORP COM 635621 10 5 9,100 350,000 SH
NATIONAL SVC INDS INC COM 637657 10 7 16 500 SH
NATIONWIDE FINL SVCS INC CL A 638612 10 1 13,266 375,000 SH
NEON SYS INC COM 640509 10 5 2,703 100,000 SH
NEON SYS INC COM 640509 10 5 4,747 175,600 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
MEMBERWORKS DEFINED 1,2,3 818,000
MEMBERWORKS DEFINED 1,2,3,4 311,700
MERCANTILE BANKSHARES CORP DEFINED 1,2,3 209,000
MERCK & CO INC DEFINED 1,2,3 2,652,700
MERCK & CO INC DEFINED 1,2,3,4 135,200
MERCK & CO INC DEFINED 1,2,3,5 20,495
MERRILL LYNCH & CO INC DEFINED 1,2,3 175,000
MERRILL LYNCH & CO INC DEFINED 1,2,3,4 3,900
METRO ONE TELECOMMUNICATIONS DEFINED 1,2,3 100,000
METRO ONE TELECOMMUNICATIONS DEFINED 1,2,3,4 27,900
MICHAELS STORES INC DEFINED 1,2,3 1,000,000
MICROSOFT CORP DEFINED 1,2,3 4,805,600
MICROSOFT CORP DEFINED 1,2,3,4 564,300
MICROSOFT CORP DEFINED 1,2,3,5 19,550
MICRON TECHNOLOGY INC DEFINED 1,2,3 490,000
MICRON TECHNOLOGY INC DEFINED 1,2,3,4 7,150
MIDWEST EXPRESS HLDGS INC DEFINED 1,2,3 520,000
MIDWEST EXPRESS HLDGS INC DEFINED 1,2,3,4 326,400
MINNESOTA MNG & MFG CO DEFINED 1,2,3,5 2,515
MOBIL CORP DEFINED 1,2,3 990,000
MOBIL CORP DEFINED 1,2,3,4 112,900
MOBIL CORP DEFINED 1,2,3,5 114,064
MOLEX INC DEFINED 1,2,3,5 357,151
MONSANTO CO DEFINED 1,2,3 2,577,700
MONSANTO CO DEFINED 1,2,3,4 485,500
MONSANTO CO DEFINED 1,2,3,5 7,490
MONTANA POWER CO DEFINED 1,2,3,4 6,800
MORGAN STANLEY DEAN WITTER&CO DEFINED 1,2,3 100,000
MORGAN STANLEY DEAN WITTER&CO DEFINED 1,2,3,4 1,900
MOTOROLA INC DEFINED 1,2,3 817,500
MOTOROLA INC DEFINED 1,2,3,4 76,500
MOTOROLA INC DEFINED 1,2,3,5 56,305
MURPHY OIL CORP DEFINED 1,2,3,5 15,300
MUSICMAKER COM INC DEFINED 1,2,3,4 378,000
NCR CORP NEW DEFINED 1,2,3,4 1
NCS HEALTHCARE INC DEFINED 1,2,3 623,200
NCS HEALTHCARE INC DEFINED 1,2,3,4 436,800
NTL INC DEFINED 1,2,3 186,000
NTL INC DEFINED 1,2,3,4 18,200
NALCO CHEM CO DEFINED 1,2,3,4 2,700
NATIONAL DATA CORP DEFINED 1,2,3 350,000
NATIONAL SVC INDS INC DEFINED 1,2,3,4 500
NATIONWIDE FINL SVCS INC DEFINED 1,2,3 375,000
NEON SYS INC DEFINED 1,2,3 100,000
NEON SYS INC DEFINED 1,2,3,4 175,600
</TABLE>
11
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
NETOPIA INC COM 64114K 10 4 22,313 560,000 SH
NETIQ CORP COM 64115P 10 2 2,375 80,000 SH
NEW FRONTIER MEDIA INC COM 644398 10 9 47 7,000 SH
NEW YORK TIMES CO CL A 650111 10 7 10,200 272,000 SH
NEWCOURT CR GROUP INC COM 650905 10 2 32 2,415 SH
NEWCOURT CR GROUP INC COM 650905 10 2 131 10,000 SH
NEWMONT MINING CORP COM 651639 10 6 1,113 43,000 SH
NEXTEL COMMUNICATIONS INC CL A 65332V 10 3 46,134 680,000 SH
NEXTEL COMMUNICATIONS INC CL A 65332V 10 3 109 1,600 SH
NIKE INC CL B 654106 10 3 38,590 678,500 SH
NIKE INC CL B 654106 10 3 4,704 82,700 SH
NIKE INC CL B 654106 10 3 1,545 27,160 SH
NOBLE AFFILIATES INC COM 654894 10 4 11,600 400,000 SH
NOBLE AFFILIATES INC COM 654894 10 4 12,783 440,800 SH
NOKIA CORP SPONSORED ADR 654902 20 4 131,517 1,471,000 SH
NOKIA CORP SPONSORED ADR 654902 20 4 7,224 80,800 SH
NOKIA CORP SPONSORED ADR 654902 20 4 52,325 585,249 SH
NORTEL NETWORKS CORP COM 656569 10 0 29,631 581,000 SH
NORTEL NETWORKS CORP COM 656569 10 0 11,972 234,750 SH
NORTHROP GRUMMAN CORP COM 666807 10 2 6,533 102,775 SH
NORTHWEST AIRLS CORP CL A 667280 10 1 7,004 275,000 SH
NORTHWEST AIRLS CORP CL A 667280 10 1 293 11,500 SH
NOVA CORP GA COM 669784 10 0 15,000 600,000 SH
NOVA CORP GA COM 669784 10 0 223 8,900 SH
NOVELLUS SYS INC COM 670008 10 1 6,747 100,000 SH
NSTAR COM 67019E 10 7 286 7,383 SH
ORACLE CORP COM 68389X 10 5 172,277 3,783,700 SH
ORACLE CORP COM 68389X 10 5 11,283 247,800 SH
ORACLE CORP COM 68389X 10 5 44,639 980,400 SH
ORANGE PLC ADR 685211 10 4 478 4,800 SH
O REILLY AUTOMOTIVE INC COM 686091 10 9 41,354 867,750 SH
O REILLY AUTOMOTIVE INC COM 686091 10 9 8,993 188,700 SH
P P & L RES INC COM 693499 10 5 217 8,000 SH
PACIFICORP COM 695114 10 8 1,201 59,696 SH
PACKETEER INC COM 695210 10 4 311 9,000 SH
PARAMETRIC TECHNOLOGY CORP COM 699173 10 0 12,122 900,000 SH
PARAMETRIC TECHNOLOGY CORP COM 699173 10 0 222 16,500 SH
PARKER HANNIFIN CORP COM 701094 10 4 61,070 1,362,800 SH
PARKER HANNIFIN CORP COM 701094 10 4 7,405 165,250 SH
PAYCHEX INC COM 704326 10 7 33,302 975,000 SH
PENTAIR INC COM 709631 10 5 4,013 100,000 SH
PEPSI BOTTLING GROUP INC COM 713409 10 0 10,749 630,000 SH
PEPSI BOTTLING GROUP INC COM 713409 10 0 287 16,800 SH
PEPSICO INC COM 713448 10 8 57,321 1,894,900 SH
PEPSICO INC COM 713448 10 8 5,887 194,616 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
NETOPIA INC DEFINED 1,2,3 560,000
NETIQ CORP DEFINED 1,2,3 80,000
NEW FRONTIER MEDIA INC DEFINED 1,2,3,4 7,000
NEW YORK TIMES CO DEFINED 1,2,3,5 272,000
NEWCOURT CR GROUP INC DEFINED 1,2,3,4 2,415
NEWCOURT CR GROUP INC DEFINED 1,2,3,5 10,000
NEWMONT MINING CORP DEFINED 1,2,3 43,000
NEXTEL COMMUNICATIONS INC DEFINED 1,2,3 680,000
NEXTEL COMMUNICATIONS INC DEFINED 1,2,3,4 1,600
NIKE INC DEFINED 1,2,3 678,500
NIKE INC DEFINED 1,2,3,4 82,700
NIKE INC DEFINED 1,2,3,5 27,160
NOBLE AFFILIATES INC DEFINED 1,2,3 400,000
NOBLE AFFILIATES INC DEFINED 1,2,3,4 440,800
NOKIA CORP DEFINED 1,2,3 1,471,000
NOKIA CORP DEFINED 1,2,3,4 80,800
NOKIA CORP DEFINED 1,2,3,5 585,249
NORTEL NETWORKS CORP DEFINED 1,2,3 581,000
NORTEL NETWORKS CORP DEFINED 1,2,3,4 234,750
NORTHROP GRUMMAN CORP DEFINED 1,2,3,5 102,775
NORTHWEST AIRLS CORP DEFINED 1,2,3 275,000
NORTHWEST AIRLS CORP DEFINED 1,2,3,4 11,500
NOVA CORP GA DEFINED 1,2,3 600,000
NOVA CORP GA DEFINED 1,2,3,4 8,900
NOVELLUS SYS INC DEFINED 1,2,3 100,000
NSTAR DEFINED 1,2,3,4 7,383
ORACLE CORP DEFINED 1,2,3 3,783,700
ORACLE CORP DEFINED 1,2,3,4 247,800
ORACLE CORP DEFINED 1,2,3,5 980,400
ORANGE PLC DEFINED 1,2,3,5 4,800
O REILLY AUTOMOTIVE INC DEFINED 1,2,3 867,750
O REILLY AUTOMOTIVE INC DEFINED 1,2,3,4 188,700
P P & L RES INC DEFINED 1,2,3,5 8,000
PACIFICORP DEFINED 1,2,3,5 59,696
PACKETEER INC DEFINED 1,2,3,4 9,000
PARAMETRIC TECHNOLOGY CORP DEFINED 1,2,3 900,000
PARAMETRIC TECHNOLOGY CORP DEFINED 1,2,3,4 16,500
PARKER HANNIFIN CORP DEFINED 1,2,3 1,362,800
PARKER HANNIFIN CORP DEFINED 1,2,3,4 165,250
PAYCHEX INC DEFINED 1,2,3 975,000
PENTAIR INC DEFINED 1,2,3 100,000
PEPSI BOTTLING GROUP INC DEFINED 1,2,3 630,000
PEPSI BOTTLING GROUP INC DEFINED 1,2,3,4 16,800
PEPSICO INC DEFINED 1,2,3 1,894,900
PEPSICO INC DEFINED 1,2,3,4 194,616
</TABLE>
12
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
PEPSICO INC COM 713448 10 8 2,547 84,195 SH
PHARMACYCLICS INC COM 716933 10 6 14,128 348,300 SH
PHARMACYCLICS INC COM 716933 10 6 5,188 127,900 SH
PHARMACIA & UPJOHN INC COM 716941 10 9 105,632 2,128,600 SH
PHARMACIA & UPJOHN INC COM 716941 10 9 6,642 133,850 SH
PHARMACIA & UPJOHN INC COM 716941 10 9 16,132 325,075 SH
PFIZER INC COM 717081 10 3 187,827 5,226,500 SH
PFIZER INC COM 717081 10 3 12,672 352,600 SH
PFIZER INC COM 717081 10 3 2,473 68,814 SH
PHELPS DODGE CORP COM 717265 10 2 991 18,000 SH
PHILIP MORRIS COS INC COM 718154 10 7 215 6,300 SH
PHILLIPS PETE CO COM 718507 10 6 533 10,925 SH
PLACER DOME INC COM 725906 10 1 1,488 100,000 SH
PLACER DOME INC COM 725906 10 1 109 7,300 SH
PLACER DOME INC COM 725906 10 1 916 61,548 SH
POLAROID CORP COM 731095 10 5 83 3,200 SH
PORTAL SOFTWARE INC COM 736126 10 3 2,979 77,000 SH
PRAXAIR INC COM 74005P 10 4 57,500 1,250,000 SH
PRAXAIR INC COM 74005P 10 4 5,051 109,800 SH
PRIMARK CORP COM 741903 10 8 14,077 495,000 SH
PRIMARK CORP COM 741903 10 8 9,664 339,829 SH
PROCTER & GAMBLE CO COM 742718 10 9 98,766 1,053,500 SH
PROCTER & GAMBLE CO COM 742718 10 9 7,894 84,200 SH
PROCTER & GAMBLE CO COM 742718 10 9 1,283 13,684 SH
PROLOGIS TR SH BEN INT 743410 10 2 16,198 858,180 SH
PROTECTION ONE ALARM SRSBNTCV 6.75%03 743659 AL 8 1,440 2,000,000 PRN
QUINTILES TRANSNATIONAL CORP COM 748767 10 0 13,246 696,000 SH
QUORUM HEALTH GROUP INC COM 749084 10 9 30 4,300 SH
RCN CORP COM 749361 10 1 17,372 425,000 SH
RCN CORP COM 749361 10 1 6,573 160,800 SH
RSA SEC INC COM 749719 10 0 18,572 700,000 SH
RSA SEC INC COM 749719 10 0 357 13,450 SH
RAILTEX INC COM 750766 10 7 268 16,216 SH
RAMBUS INC DEL COM 750917 10 6 86,932 1,312,800 SH
RAMBUS INC DEL COM 750917 10 6 10,423 157,400 SH
RALSTON PURINA CO COM 751277 30 2 7,370 265,000 SH
RAYTHEON CO CL A 755111 30 9 77,398 1,595,833 SH
RAYTHEON CO CL A 755111 30 9 7,442 153,445 SH
RAYTHEON CO CL A 755111 30 9 28,045 578,250 SH
RAYTHEON CO CL B 755111 40 8 43,392 874,400 SH
RAYTHEON CO CL B 755111 40 8 923 18,600 SH
REDBACK NETWORKS INC COM 757209 10 1 4,321 40,000 SH
RELIANT ENERGY INC COM 75952J 10 8 325 12,000 SH
RELIANT ENERGY INC COM 75952J 10 8 731 27,000 SH
RELIANT ENERGY INC COM 75952J 10 8 1,170 43,250 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
PEPSICO INC DEFINED 1,2,3,5 84,195
PHARMACYCLICS INC DEFINED 1,2,3 348,300
PHARMACYCLICS INC DEFINED 1,2,3,4 127,900
PHARMACIA & UPJOHN INC DEFINED 1,2,3 2,128,600
PHARMACIA & UPJOHN INC DEFINED 1,2,3,4 133,850
PHARMACIA & UPJOHN INC DEFINED 1,2,3,5 325,075
PFIZER INC DEFINED 1,2,3 5,226,500
PFIZER INC DEFINED 1,2,3,4 352,600
PFIZER INC DEFINED 1,2,3,5 68,814
PHELPS DODGE CORP DEFINED 1,2,3 18,000
PHILIP MORRIS COS INC DEFINED 1,2,3,5 6,300
PHILLIPS PETE CO DEFINED 1,2,3,5 10,925
PLACER DOME INC DEFINED 1,2,3 100,000
PLACER DOME INC DEFINED 1,2,3,4 7,300
PLACER DOME INC DEFINED 1,2,3,5 61,548
POLAROID CORP DEFINED 1,2,3,4 3,200
PORTAL SOFTWARE INC DEFINED 1,2,3 77,000
PRAXAIR INC DEFINED 1,2,3 1,250,000
PRAXAIR INC DEFINED 1,2,3,4 109,800
PRIMARK CORP DEFINED 1,2,3 495,000
PRIMARK CORP DEFINED 1,2,3,4 339,829
PROCTER & GAMBLE CO DEFINED 1,2,3 1,053,500
PROCTER & GAMBLE CO DEFINED 1,2,3,4 84,200
PROCTER & GAMBLE CO DEFINED 1,2,3,5 13,684
PROLOGIS TR DEFINED 1,2,3,5 858,180
PROTECTION ONE ALARM DEFINED 1,2,3 2,000,000
QUINTILES TRANSNATIONAL CORP DEFINED 1,2,3 696,000
QUORUM HEALTH GROUP INC DEFINED 1,2,3,4 4,300
RCN CORP DEFINED 1,2,3 425,000
RCN CORP DEFINED 1,2,3,4 160,800
RSA SEC INC DEFINED 1,2,3 700,000
RSA SEC INC DEFINED 1,2,3,4 13,450
RAILTEX INC DEFINED 1,2,3,5 16,216
RAMBUS INC DEL DEFINED 1,2,3 1,312,800
RAMBUS INC DEL DEFINED 1,2,3,4 157,400
RALSTON PURINA CO DEFINED 1,2,3 265,000
RAYTHEON CO DEFINED 1,2,3 1,595,833
RAYTHEON CO DEFINED 1,2,3,4 153,445
RAYTHEON CO DEFINED 1,2,3,5 578,250
RAYTHEON CO DEFINED 1,2,3 874,400
RAYTHEON CO DEFINED 1,2,3,4 18,600
REDBACK NETWORKS INC DEFINED 1,2,3 40,000
RELIANT ENERGY INC DEFINED 1,2,3 12,000
RELIANT ENERGY INC DEFINED 1,2,3,4 27,000
RELIANT ENERGY INC DEFINED 1,2,3,5 43,250
</TABLE>
13
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
RELIASTAR FINL CORP COM 75952U 10 3 16,625 500,000 SH
RESEARCH IN MOTION LTD COM 760975 10 2 17,539 567,500 SH
RESEARCH IN MOTION LTD COM 760975 10 2 773 25,000 SH
ROWAN COS INC COM 779382 10 0 201 12,350 SH
ROYAL DUTCH PETE CO NY REG GLD1.25 780257 80 4 115,018 1,947,400 SH
ROYAL DUTCH PETE CO NY REG GLD1.25 780257 80 4 1,914 32,400 SH
ROYAL DUTCH PETE CO NY REG GLD1.25 780257 80 4 17,370 294,098 SH
SBC COMMUNICATIONS INC COM 78387G 10 3 105,694 2,069,900 SH
SBC COMMUNICATIONS INC COM 78387G 10 3 10,830 212,100 SH
SBC COMMUNICATIONS INC COM 78387G 10 3 58,425 1,144,194 SH
SPX CORP COM 784635 10 4 10,182 112,200 SH
SAFEWAY INC COM NEW 786514 20 8 88,472 2,324,400 SH
SAFEWAY INC COM NEW 786514 20 8 7,163 188,200 SH
SALEM COMMUNICATIONS CORP DEL CL A 794093 10 4 7,744 300,000 SH
SALEM COMMUNICATIONS CORP DEL CL A 794093 10 4 192 7,450 SH
SANCHEZ COMPUTER ASSOCS INC COM 799702 10 5 5,236 150,000 SH
SANGSTAT MED CORP COM 801003 10 4 10,688 500,000 SH
SANGSTAT MED CORP COM 801003 10 4 65 3,050 SH
SANTA FE SNYDER CORP COM 80218K 10 5 225 25,000 SH
SARA LEE CORP COM 803111 10 3 410 17,525 SH
SCHERING PLOUGH CORP COM 806605 10 1 190,711 4,371,600 SH
SCHERING PLOUGH CORP COM 806605 10 1 10,863 249,000 SH
SCHERING PLOUGH CORP COM 806605 10 1 2,132 48,861 SH
SCHLUMBERGER LTD COM 806857 10 8 142,783 2,291,400 SH
SCHLUMBERGER LTD COM 806857 10 8 9,553 153,300 SH
SCHLUMBERGER LTD COM 806857 10 8 897 14,395 SH
SCHOOL SPECIALTY INC COM 807863 10 5 5,237 313,800 SH
SCHULMAN A INC COM 808194 10 4 3,176 184,800 SH
SCHULMAN A INC COM 808194 10 4 3,388 197,100 SH
SCHWAB CHARLES CORP NEW COM 808513 10 5 158 4,700 SH
SCHWEITZER-MAUDUIT INTL INC COM 808541 10 6 5 360 SH
SCOTTS CO COM 810186 10 6 190 5,500 SH
SCOTTS CO COM 810186 10 6 1,222 35,300 SH
SECURITY CAP GROUP INC CL A 81413P 10 5 2,616 3,608 SH
SECURITY CAP US RLTY SPONSORED ADR 814136 20 6 761 42,251 SH
SECURITY CAP GROUP INC CL B 81413P 20 4 3,164 215,446 SH
SECURITY FIRST TECHNOLOGIES CP COM 814279 10 5 29,331 755,700 SH
SECURITY FIRST TECHNOLOGIES CP COM 814279 10 5 8,046 207,300 SH
SHARED MED SYS CORP COM 819486 10 1 25,713 550,000 SH
SHARED MED SYS CORP COM 819486 10 1 7,662 163,900 SH
SHAW COMMUNICATIONS INC CL B CONV 82028K 20 0 94 3,400 SH
SHELL TRANS & TRADING PLC NEW YRK SH NEW 822703 60 9 28,956 636,400 SH
SHOWCASE CORP COM 82539P 10 2 3,975 400,000 SH
SMITH INTL INC COM 832110 10 0 35,271 870,900 SH
SMITH INTL INC COM 832110 10 0 2,219 54,800 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
RELIASTAR FINL CORP DEFINED 1,2,3 500,000
RESEARCH IN MOTION LTD DEFINED 1,2,3 567,500
RESEARCH IN MOTION LTD DEFINED 1,2,3,4 25,000
ROWAN COS INC DEFINED 1,2,3,5 12,350
ROYAL DUTCH PETE CO DEFINED 1,2,3 1,947,400
ROYAL DUTCH PETE CO DEFINED 1,2,3,4 32,400
ROYAL DUTCH PETE CO DEFINED 1,2,3,5 294,098
SBC COMMUNICATIONS INC DEFINED 1,2,3 2,069,900
SBC COMMUNICATIONS INC DEFINED 1,2,3,4 212,100
SBC COMMUNICATIONS INC DEFINED 1,2,3,5 1,144,194
SPX CORP DEFINED 1,2,3 112,200
SAFEWAY INC DEFINED 1,2,3 2,324,400
SAFEWAY INC DEFINED 1,2,3,4 188,200
SALEM COMMUNICATIONS CORP DEL DEFINED 1,2,3 300,000
SALEM COMMUNICATIONS CORP DEL DEFINED 1,2,3,4 7,450
SANCHEZ COMPUTER ASSOCS INC DEFINED 1,2,3 150,000
SANGSTAT MED CORP DEFINED 1,2,3 500,000
SANGSTAT MED CORP DEFINED 1,2,3,4 3,050
SANTA FE SNYDER CORP DEFINED 1,2,3,4 25,000
SARA LEE CORP DEFINED 1,2,3,5 17,525
SCHERING PLOUGH CORP DEFINED 1,2,3 4,371,600
SCHERING PLOUGH CORP DEFINED 1,2,3,4 249,000
SCHERING PLOUGH CORP DEFINED 1,2,3,5 48,861
SCHLUMBERGER LTD DEFINED 1,2,3 2,291,400
SCHLUMBERGER LTD DEFINED 1,2,3,4 153,300
SCHLUMBERGER LTD DEFINED 1,2,3,5 14,395
SCHOOL SPECIALTY INC DEFINED 1,2,3,4 313,800
SCHULMAN A INC DEFINED 1,2,3 184,800
SCHULMAN A INC DEFINED 1,2,3,4 197,100
SCHWAB CHARLES CORP NEW DEFINED 1,2,3,4 4,700
SCHWEITZER-MAUDUIT INTL INC DEFINED 1,2,3,4 360
SCOTTS CO DEFINED 1,2,3,4 5,500
SCOTTS CO DEFINED 1,2,3,5 35,300
SECURITY CAP GROUP INC DEFINED 1,2,3,5 3,608
SECURITY CAP US RLTY DEFINED 1,2,3,5 42,251
SECURITY CAP GROUP INC DEFINED 1,2,3,5 215,446
SECURITY FIRST TECHNOLOGIES CP DEFINED 1,2,3 755,700
SECURITY FIRST TECHNOLOGIES CP DEFINED 1,2,3,4 207,300
SHARED MED SYS CORP DEFINED 1,2,3 550,000
SHARED MED SYS CORP DEFINED 1,2,3,4 163,900
SHAW COMMUNICATIONS INC DEFINED 1,2,3,4 3,400
SHELL TRANS & TRADING PLC DEFINED 1,2,3 636,400
SHOWCASE CORP DEFINED 1,2,3,4 400,000
SMITH INTL INC DEFINED 1,2,3 870,900
SMITH INTL INC DEFINED 1,2,3,4 54,800
</TABLE>
14
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
SMITHKLINE BEECHAM PLC ADR REP ORD 832378 30 1 28,844 500,000 SH
SMITHKLINE BEECHAM PLC ADR REP ORD 832378 30 1 2,920 50,610 SH
SMUCKER J M CO CL A 832696 10 8 1,720 81,400 SH
SONAT INC COM 835415 10 0 706 17,800 SH
SOUTHERN CO COM 842587 10 7 142 5,500 SH
SOUTHWEST AIRLS CO COM 844741 10 8 35,136 2,313,450 SH
SOUTHWEST AIRLS CO COM 844741 10 8 322 21,200 SH
SOUTHWEST AIRLS CO COM 844741 10 8 2,336 153,785 SH
SPIEGEL INC CL A 848457 10 7 1,110 110,000 SH
SPIEGEL INC CL A 848457 10 7 1,211 120,000 SH
SPRINT CORP COM FON GROUP 852061 10 0 1,850 34,108 SH
SPRINT CORP PCS COM SER 1 852061 50 6 600 8,041 SH
STANCORP FINL GROUP INC COM 852891 10 0 15,663 700,000 SH
STATE STR CORP COM 857477 10 3 7,603 117,648 SH
STEWART ENTERPRISES INC COM 860370 10 5 6,652 1,100,000 SH
STEWART ENTERPRISES INC COM 860370 10 5 4,606 761,700 SH
STMICROELECTRONICS N V COM 861012 10 2 50,372 680,700 SH
STMICROELECTRONICS N V COM 861012 10 2 3,540 47,835 SH
STORAGE USA INC COM 861907 10 3 413 15,000 SH
SUN MICROSYSTEMS INC COM 866810 10 4 291 3,125 SH
SUNGARD DATA SYS INC COM 867363 10 3 6,315 240,000 SH
SYSCO CORP COM 871829 10 7 1,009 28,775 SH
TMP WORLDWIDE INC COM 872941 10 9 33,864 556,000 SH
TV GUIDE INC CL A 87307Q 10 9 8,608 220,000 SH
TV GUIDE INC CL A 87307Q 10 9 364 9,300 SH
TELEBANC FINANCIAL CORP COM 87925R 10 9 1,267 55,000 SH
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR 879287 30 8 12,357 164,900 SH
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR 879287 30 8 946 12,620 SH
TELEFONOS DE MEXICO SA SPON ADR ORD L 879403 78 0 1,160 16,275 SH
TELLABS INC COM 879664 10 0 61,595 1,081,200 SH
TELLABS INC COM 879664 10 0 6,705 117,700 SH
TENFOLD CORP COM 88033A 10 3 19,169 726,800 SH
TENFOLD CORP COM 88033A 10 3 2,685 101,800 SH
TENET HEALTHCARE CORP COM 88033G 10 0 22,831 1,300,000 SH
TENET HEALTHCARE CORP COM 88033G 10 0 72 4,100 SH
TERADYNE INC COM 880770 10 2 43,350 1,229,800 SH
TERADYNE INC COM 880770 10 2 229 6,500 SH
TEXACO INC COM 881694 10 3 95,129 1,507,000 SH
TEXACO INC COM 881694 10 3 2,370 37,541 SH
TEXAS BIOTECHNOLOGY CORP COM 88221T 10 4 160 40,100 SH
TEXAS INSTRS INC COM 882508 10 4 87,119 1,059,200 SH
TEXAS INSTRS INC COM 882508 10 4 8,307 101,000 SH
TEXAS INSTRS INC COM 882508 10 4 43,042 523,307 SH
TEXAS UTILS CO COM 882848 10 4 350 9,368 SH
TICKETMASTER ONLINE-CITYSEARCH CL B 88633P 20 3 10,898 450,000 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
SMITHKLINE BEECHAM PLC DEFINED 1,2,3 500,000
SMITHKLINE BEECHAM PLC DEFINED 1,2,3,5 50,610
SMUCKER J M CO DEFINED 1,2,3,4 81,400
SONAT INC DEFINED 1,2,3,4 17,800
SOUTHERN CO DEFINED 1,2,3,4 5,500
SOUTHWEST AIRLS CO DEFINED 1,2,3 2,313,450
SOUTHWEST AIRLS CO DEFINED 1,2,3,4 21,200
SOUTHWEST AIRLS CO DEFINED 1,2,3,5 153,785
SPIEGEL INC DEFINED 1,2,3 110,000
SPIEGEL INC DEFINED 1,2,3,4 120,000
SPRINT CORP DEFINED 1,2,3,5 34,108
SPRINT CORP DEFINED 1,2,3,5 8,041
STANCORP FINL GROUP INC DEFINED 1,2,3 700,000
STATE STR CORP DEFINED 1,2,3,5 117,648
STEWART ENTERPRISES INC DEFINED 1,2,3 1,100,000
STEWART ENTERPRISES INC DEFINED 1,2,3,4 761,700
STMICROELECTRONICS N V DEFINED 1,2,3 680,700
STMICROELECTRONICS N V DEFINED 1,2,3,4 47,835
STORAGE USA INC DEFINED 1,2,3,5 15,000
SUN MICROSYSTEMS INC DEFINED 1,2,3,5 3,125
SUNGARD DATA SYS INC DEFINED 1,2,3 240,000
SYSCO CORP DEFINED 1,2,3,5 28,775
TMP WORLDWIDE INC DEFINED 1,2,3 556,000
TV GUIDE INC DEFINED 1,2,3 220,000
TV GUIDE INC DEFINED 1,2,3,4 9,300
TELEBANC FINANCIAL CORP DEFINED 1,2,3 55,000
TELECOMUNICACOES BRASILEIRAS S DEFINED 1,2,3 164,900
TELECOMUNICACOES BRASILEIRAS S DEFINED 1,2,3,4 12,620
TELEFONOS DE MEXICO SA DEFINED 1,2,3,5 16,275
TELLABS INC DEFINED 1,2,3 1,081,200
TELLABS INC DEFINED 1,2,3,4 117,700
TENFOLD CORP DEFINED 1,2,3 726,800
TENFOLD CORP DEFINED 1,2,3,4 101,800
TENET HEALTHCARE CORP DEFINED 1,2,3 1,300,000
TENET HEALTHCARE CORP DEFINED 1,2,3,4 4,100
TERADYNE INC DEFINED 1,2,3 1,229,800
TERADYNE INC DEFINED 1,2,3,4 6,500
TEXACO INC DEFINED 1,2,3 1,507,000
TEXACO INC DEFINED 1,2,3,5 37,541
TEXAS BIOTECHNOLOGY CORP DEFINED 1,2,3,5 40,100
TEXAS INSTRS INC DEFINED 1,2,3 1,059,200
TEXAS INSTRS INC DEFINED 1,2,3,4 101,000
TEXAS INSTRS INC DEFINED 1,2,3,5 523,307
TEXAS UTILS CO DEFINED 1,2,3,5 9,368
TICKETMASTER ONLINE-CITYSEARCH DEFINED 1,2,3 450,000
</TABLE>
15
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
TICKETMASTER ONLINE-CITYSEARCH CL B 88633P 20 3 140 5,800 SH
TIME WARNER INC COM 887315 10 9 183,192 3,015,500 SH
TIME WARNER INC COM 887315 10 9 22,860 376,300 SH
TOTAL FINA S A SPONSORED ADR 89151E 10 9 31,719 500,000 SH
TRACTOR SUPPLY CO COM 892356 10 6 3,478 185,500 SH
TRANSACTION SYS ARCHITECTS COM 893416 10 7 48,463 1,797,000 SH
TRANSACTION SYS ARCHITECTS COM 893416 10 7 10,619 393,750 SH
TRIAD HOSPITALS INC COM 89579K 10 9 3,047 299,999 SH
TRICON GLOBAL RESTAURANTS COM 895953 10 7 67 1,641 SH
TRIBUNE CO NEW COM 896047 10 7 8,311 167,050 SH
TRIMERIS INC COM 896263 10 0 1,749 105,000 SH
TYCO INTL LTD NEW COM 902124 10 6 7,968 154,340 SH
TYSON FOODS INC COM 902494 10 3 86 5,250 SH
UAL CORP COM PAR $0.01 902549 50 0 22,533 345,000 SH
UAL CORP COM PAR $0.01 902549 50 0 1,254 19,200 SH
USX MARATHON GROUP COM NEW 902905 82 7 74,333 2,541,300 SH
USX MARATHON GROUP COM NEW 902905 82 7 4,244 145,100 SH
US BANCORP DEL COM 902973 10 6 50,283 1,665,700 SH
US BANCORP DEL COM 902973 10 6 595 19,700 SH
U S FOODSERVICE COM 90331R 10 1 37,926 2,107,000 SH
UBID INC COM 903469 10 4 3,565 135,000 SH
UBID INC COM 903469 10 4 234 8,850 SH
UNICOM CORP COM 904911 10 4 7,166 194,000 SH
UNICOM CORP COM 904911 10 4 609 16,500 SH
UNILEVER NV NY SHS NEW 904784 70 9 491 7,209 SH
UNION PAC CORP COM 907818 10 8 1,985 41,292 SH
UNION PAC RES GROUP INC COM 907834 10 5 599 36,841 SH
UNISYS CORP COM 909214 10 8 7,897 175,000 SH
U S WEST INC NEW COM 91273H 10 1 678 11,877 SH
UNOCAL CORP COM 915289 10 2 37,063 1,000,000 SH
UNOCAL CORP COM 915289 10 2 255 6,878 SH
USINTERNETWORKING INC COM 917311 80 5 13,464 430,000 SH
USINTERNETWORKING INC COM 917311 80 5 11,022 352,000 SH
USWEB CORP COM 917327 10 8 77,960 2,270,000 SH
USWEB CORP COM 917327 10 8 9,965 290,150 SH
VERITAS SOFTWARE CO COM 923436 10 9 88,088 1,160,000 SH
VIACOM INC CL B 925524 30 8 6,971 165,000 SH
VIGNETTE CORP COM 926734 10 4 28,517 315,000 SH
VODAFONE GROUP PLC SPONSORED ADR 92857T 10 7 147,714 621,300 SH
VODAFONE GROUP PLC SPONSORED ADR 92857T 10 7 1,854 7,800 SH
VODAFONE GROUP PLC SPONSORED ADR 92857T 10 7 3,792 15,950 SH
VOICESTREAM WIRELESS CORP COM 928615 10 3 105,385 1,707,500 SH
VOICESTREAM WIRELESS CORP COM 928615 10 3 11,415 184,950 SH
WD-40 CO COM 929236 10 7 1,966 84,000 SH
WAL MART STORES INC COM 931142 10 3 212,062 4,458,600 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
TICKETMASTER ONLINE-CITYSEARCH DEFINED 1,2,3,4 5,800
TIME WARNER INC DEFINED 1,2,3 3,015,500
TIME WARNER INC DEFINED 1,2,3,4 376,300
TOTAL FINA S A DEFINED 1,2,3 500,000
TRACTOR SUPPLY CO DEFINED 1,2,3 185,500
TRANSACTION SYS ARCHITECTS DEFINED 1,2,3 1,797,000
TRANSACTION SYS ARCHITECTS DEFINED 1,2,3,4 393,750
TRIAD HOSPITALS INC DEFINED 1,2,3 299,999
TRICON GLOBAL RESTAURANTS DEFINED 1,2,3,4 1,641
TRIBUNE CO NEW DEFINED 1,2,3,5 167,050
TRIMERIS INC DEFINED 1,2,3 105,000
TYCO INTL LTD NEW DEFINED 1,2,3,5 154,340
TYSON FOODS INC DEFINED 1,2,3,4 5,250
UAL CORP DEFINED 1,2,3 345,000
UAL CORP DEFINED 1,2,3,4 19,200
USX MARATHON GROUP DEFINED 1,2,3 2,541,300
USX MARATHON GROUP DEFINED 1,2,3,4 145,100
US BANCORP DEL DEFINED 1,2,3 1,665,700
US BANCORP DEL DEFINED 1,2,3,4 19,700
U S FOODSERVICE DEFINED 1,2,3 2,107,000
UBID INC DEFINED 1,2,3 135,000
UBID INC DEFINED 1,2,3,4 8,850
UNICOM CORP DEFINED 1,2,3 194,000
UNICOM CORP DEFINED 1,2,3,4 16,500
UNILEVER NV DEFINED 1,2,3,5 7,209
UNION PAC CORP DEFINED 1,2,3,5 41,292
UNION PAC RES GROUP INC DEFINED 1,2,3,5 36,841
UNISYS CORP DEFINED 1,2,3 175,000
U S WEST INC NEW DEFINED 1,2,3,5 11,877
UNOCAL CORP DEFINED 1,2,3 1,000,000
UNOCAL CORP DEFINED 1,2,3,5 6,878
USINTERNETWORKING INC DEFINED 1,2,3 430,000
USINTERNETWORKING INC DEFINED 1,2,3,4 352,000
USWEB CORP DEFINED 1,2,3 2,270,000
USWEB CORP DEFINED 1,2,3,4 290,150
VERITAS SOFTWARE CO DEFINED 1,2,3 1,160,000
VIACOM INC DEFINED 1,2,3 165,000
VIGNETTE CORP DEFINED 1,2,3 315,000
VODAFONE GROUP PLC DEFINED 1,2,3 621,300
VODAFONE GROUP PLC DEFINED 1,2,3,4 7,800
VODAFONE GROUP PLC DEFINED 1,2,3,5 15,950
VOICESTREAM WIRELESS CORP DEFINED 1,2,3 1,707,500
VOICESTREAM WIRELESS CORP DEFINED 1,2,3,4 184,950
WD-40 CO DEFINED 1,2,3,4 84,000
WAL MART STORES INC DEFINED 1,2,3 4,458,600
</TABLE>
16
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
WAL MART STORES INC COM 931142 10 3 17,008 357,600 SH
WALGREEN CO COM 931422 10 9 12,474 491,600 SH
WARNER LAMBERT CO COM 934488 10 7 395,841 5,963,700 SH
WARNER LAMBERT CO COM 934488 10 7 28,564 430,350 SH
WARNER LAMBERT CO COM 934488 10 7 25,465 383,655 SH
WASHINGTON MUT INC COM 939322 10 3 1,267 43,327 SH
WATSON PHARMACEUTICALS INC COM 942683 10 3 16,809 550,000 SH
WATSON PHARMACEUTICALS INC COM 942683 10 3 66 2,150 SH
WELLS FARGO COM 949746 10 1 24,914 628,748 SH
WENDYS INTL INC COM 950590 10 9 15,522 588,500 SH
WENDYS INTL INC COM 950590 10 9 884 33,500 SH
WESCO INTL INC COM 95082P 10 5 10,020 709,400 SH
WESCO INTL INC COM 95082P 10 5 1,138 80,600 SH
WESTERN RES INC COM 959425 10 9 214 10,000 SH
WESTERN WIRELESS CORP CL A 95988E 20 4 80,270 1,790,000 SH
WESTERN WIRELESS CORP CL A 95988E 20 4 8,112 180,900 SH
WEYERHAEUSER CO COM 962166 10 4 98 1,700 SH
WHITNEY HLDG CORP COM 966612 10 3 580 16,875 SH
WHITTMAN-HART INC COM 966834 10 3 2,327 60,000 SH
WILLAMETTE INDS INC COM 969133 10 7 177 4,100 SH
WILLIAMS COS INC DEL COM 969457 10 0 26,206 700,000 SH
WILLIAMS COS INC DEL COM 969457 10 0 37,869 1,011,532 SH
WILLIAMS SONOMA INC COM 969904 10 1 14,569 300,000 SH
WIND RIVER SYSTEMS INC COM 973149 10 7 11,381 600,000 SH
WINK COMMUNICATIONS COM 974168 10 6 2,183 50,000 SH
WINK COMMUNICATIONS COM 974168 10 6 1,965 45,000 SH
XILINX INC COM 983919 10 1 99,070 1,511,800 SH
XILINX INC COM 983919 10 1 10,603 161,800 SH
YAHOO INC COM 984332 10 6 115,238 643,000 SH
XICOR INC COM 984903 10 4 316 56,700 SH
YELLOW CORP COM 985509 10 8 12 700 SH
YOUNG & RUBICAM INC COM 987425 10 5 20,715 470,800 SH
YOUNG & RUBICAM INC COM 987425 10 5 1,232 28,000 SH
DAIMLERCHRYSLER AG ORD D1668R 12 3 57,599 829,503 SH
DAIMLERCHRYSLER AG ORD D1668R 12 3 898 12,928 SH
AMDOCS LTD ORD G02602 10 3 739 35,200 SH
ESG RE LTD ORD G31215 10 9 4,373 491,000 SH
GEMSTAR INTL GROUP LTD ORD G3788V 10 6 84,654 1,084,000 SH
GEMSTAR INTL GROUP LTD ORD G3788V 10 6 437 5,600 SH
JINPAN INTL LTD ORD G5138L 10 0 328 150,000 SH
LORAL SPACE & COMMUNICATIONS COM G56462 10 7 132 7,700 SH
TRANSOCEAN OFFSHORE INC CANYON COM G90076 10 3 7,228 236,000 SH
NEW HOLLAND N V ORD N62648 10 5 4,400 275,000 SH
ROYAL CARIBBEAN CRUISES LTD COM V7780T 10 3 35,235 783,000 SH
ROYAL CARIBBEAN CRUISES LTD COM V7780T 10 3 297 6,600 SH
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
WAL MART STORES INC DEFINED 1,2,3,4 357,600
WALGREEN CO DEFINED 1,2,3 491,600
WARNER LAMBERT CO DEFINED 1,2,3 5,963,700
WARNER LAMBERT CO DEFINED 1,2,3,4 430,350
WARNER LAMBERT CO DEFINED 1,2,3,5 383,655
WASHINGTON MUT INC DEFINED 1,2,3,5 43,327
WATSON PHARMACEUTICALS INC DEFINED 1,2,3 550,000
WATSON PHARMACEUTICALS INC DEFINED 1,2,3,4 2,150
WELLS FARGO DEFINED 1,2,3,5 628,748
WENDYS INTL INC DEFINED 1,2,3 588,500
WENDYS INTL INC DEFINED 1,2,3,4 33,500
WESCO INTL INC DEFINED 1,2,3 709,400
WESCO INTL INC DEFINED 1,2,3,4 80,600
WESTERN RES INC DEFINED 1,2,3,4 10,000
WESTERN WIRELESS CORP DEFINED 1,2,3 1,790,000
WESTERN WIRELESS CORP DEFINED 1,2,3,4 180,900
WEYERHAEUSER CO DEFINED 1,2,3,4 1,700
WHITNEY HLDG CORP DEFINED 1,2,3,5 16,875
WHITTMAN-HART INC DEFINED 1,2,3 60,000
WILLAMETTE INDS INC DEFINED 1,2,3,4 4,100
WILLIAMS COS INC DEL DEFINED 1,2,3 700,000
WILLIAMS COS INC DEL DEFINED 1,2,3,5 1,011,532
WILLIAMS SONOMA INC DEFINED 1,2,3 300,000
WIND RIVER SYSTEMS INC DEFINED 1,2,3 600,000
WINK COMMUNICATIONS DEFINED 1,2,3 50,000
WINK COMMUNICATIONS DEFINED 1,2,3,4 45,000
XILINX INC DEFINED 1,2,3 1,511,800
XILINX INC DEFINED 1,2,3,4 161,800
YAHOO INC DEFINED 1,2,3 643,000
XICOR INC DEFINED 1,2,3,4 56,700
YELLOW CORP DEFINED 1,2,3,4 700
YOUNG & RUBICAM INC DEFINED 1,2,3 470,800
YOUNG & RUBICAM INC DEFINED 1,2,3,4 28,000
DAIMLERCHRYSLER AG DEFINED 1,2,3 829,503
DAIMLERCHRYSLER AG DEFINED 1,2,3,4 12,928
AMDOCS LTD DEFINED 1,2,3,5 35,200
ESG RE LTD DEFINED 1,2,3 491,000
GEMSTAR INTL GROUP LTD DEFINED 1,2,3 1,084,000
GEMSTAR INTL GROUP LTD DEFINED 1,2,3,4 5,600
JINPAN INTL LTD DEFINED 1,2,3 150,000
LORAL SPACE & COMMUNICATIONS DEFINED 1,2,3,4 7,700
TRANSOCEAN OFFSHORE INC CANYON DEFINED 1,2,3 236,000
NEW HOLLAND N V DEFINED 1,2,3 275,000
ROYAL CARIBBEAN CRUISES LTD DEFINED 1,2,3 783,000
ROYAL CARIBBEAN CRUISES LTD DEFINED 1,2,3,4 6,600
</TABLE>
17
<PAGE>
09/30/99
<TABLE>
<CAPTION>
ITEM 4:
FAIR
ITEM 2: ITEM 3: MARKET ITEM 5: PUT/
ITEM 1: TITLE OF CUSIP VALUE SHARES/ ----
NAME OF ISSUE CLASS NUMBER x $1000 PRN AMOUNT SH/PRN CALL
------------- ----- ------ ------- ---------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
19,337,627 409,231,355
</TABLE>
<TABLE>
<CAPTION>
ITEM 8:
ITEM 6: VOTING AUTHOURITY
ITEM 1: INVESTMENT ITEM 7: (SHARES)
NAME OF ISSUE DISCRETION MANAGERS (A)SOLE (B)SHARED (C)NONE
------------- ---------- -------- ------- --------- -------
<S> <C> <C> <C>
</TABLE>
18
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