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<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 09/30/98
Institutional Investment Manager:
U S WEST, INC.
9785 MAROON CIRCLE
SUITE 360
ENGLEWOOD CO 80112-0000
I represent that I am authorized to submit this form and that
all information in this form and the attachments to it are true,
correct and complete and I understand that all required items,
statements and schedules are integral parts of this form and that
the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete
as previously submitted.
I am signing this report as required by the Securities Exchange
Act of 1934
Name, Title and Telephone Number of Person Submitting Report:
DONALD J. NESBIT INVESTMENT MANAGER 303-649-4506
Signature, Place and Date of Signing:
/s/ DONALD J. NESBIT ENGELWOOD CO 10/29/98
<PAGE> PAGE 2
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
A D C TELECOMMUNICATIONS COM 000886101 1633 77300 SH SOLE 77300 0 0
AFLAC INC COM 001055102 4634 162224 SH SOLE 162224 0 0
AGCO CORP COM 001084102 152 23000 SH SOLE 23000 0 0
AES CORP COM 00130H105 2682 72364 SH SOLE 72364 0 0
AMR CORP COM 001765106 4932 88974 SH SOLE 88974 0 0
AT&T CORP COM 001957109 58398 999330 SH SOLE 999330 0 0
ABBOTT LABS COM 002824100 31561 726575 SH SOLE 726575 0 0
ABERCROMBIE & FITCH CO CL A 002896207 1321 30012 SH SOLE 30012 0 0
ACCUSTAFF CORP COM 004401105 855 58700 SH SOLE 58700 0 0
ACNIELSEN CORP COM 004833109 446 20050 SH SOLE 20050 0 0
ADAPTEC INC COM 00651F108 667 70260 SH SOLE 70260 0 0
ADOBE SYS INC COM 00724F101 1512 43600 SH SOLE 43600 0 0
ADVANCED FIBRE COMMUNICATIONS COM 00754A105 254 37000 SH SOLE 37000 0 0
AEROQUIP-VICKERS INC COM 007869100 359 12500 SH SOLE 12500 0 0
ADVANCED MICRO DEVICES INC COM 007903107 1470 79200 SH SOLE 79200 0 0
AETNA INC COM 008117103 5771 83037 SH SOLE 83037 0 0
AHMANSON H F & CO COM 008677106 3552 64000 SH SOLE 64000 0 0
AIR PRODS & CHEMS INC COM 009158106 3506 117850 SH SOLE 117850 0 0
AIRBORNE FGHT CORP COM 009266107 284 16400 SH SOLE 16400 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 17524 307443 SH SOLE 307443 0 0
ALBERTSONS INC COM 013104104 6762 124939 SH SOLE 124939 0 0
ALCATEL ALSTHOM SPONSORED ADR 013904305 968 56968 SH SOLE 56968 0 0
ALLEGHENY ENERGY INC COM 017361106 2307 73100 SH SOLE 73100 0 0
ALLEGHENY TELEDYNE INC COM 017415100 1397 78450 SH SOLE 78450 0 0
ALLEGIANCE CORP COM 017475104 2285 76808 SH SOLE 76808 0 0
ALLERGAN INC COM 018490102 2029 34756 SH SOLE 34756 0 0
ALLIEDSIGNAL INC COM 019512102 10230 289182 SH SOLE 289182 0 0
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 1054 45100 SH SOLE 45100 0 0
ALLMERICA FINL CORP COM 019754100 1686 28284 SH SOLE 28284 0 0
ALLSTATE CORP COM 020002101 18034 432596 SH SOLE 432596 0 0
ALLTEL CORP COM 020039103 7141 150731 SH SOLE 150731 0 0
ALTERA CORP COM 021441100 1834 52200 SH SOLE 52200 0 0
ALUMINUM CO AMER COM 022249106 6574 92592 SH SOLE 92592 0 0
ALZA CORP DEL COM 022615108 2160 49800 SH SOLE 49800 0 0
AMAZON COM INC COM 023135106 1808 16200 SH SOLE 16200 0 0
AMBAC FINL GROUP INC COM 023139108 2002 41700 SH SOLE 41700 0 0
AMERADA HESS CORP COM 023551104 2909 50430 SH SOLE 50430 0 0
AMEREN CORP COM 023608102 3246 77394 SH SOLE 77394 0 0
AMERICA ONLINE INC DEL COM 02364J104 14040 126200 SH SOLE 126200 0 0
AMERICAN BANKERS INS GROUP INC COM 024456105 710 16700 SH SOLE 16700 0 0
AMERICAN ELEC PWR INC COM 025537101 5023 102900 SH SOLE 102900 0 0
AMERICAN EXPRESS CO COM 025816109 20541 264618 SH SOLE 264618 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 861 26600 SH SOLE 26600 0 0
AMERICAN GENERAL CORP COM 026351106 9214 144248 SH SOLE 144248 0 0
AMERICAN GREETINGS CORP CL A 026375105 1786 45151 SH SOLE 45151 0 0
AMERICAN HOME PRODS CORP COM 026609107 38777 740380 SH SOLE 740380 0 0
AMERICAN INTL GROUP INC COM 026874107 40749 529208 SH SOLE 529208 0 0
AMERICAN NATL INS CO COM 028591105 735 8800 SH SOLE 8800 0 0
AMERICAN PWR CONVERSION CORP COM 029066107 1915 50800 SH SOLE 50800 0 0
AMERICAN STD COS INC DEL COM 029712106 1237 46900 SH SOLE 46900 0 0
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AMERICAN STORES CO NEW COM 030096101 5019 155926 SH SOLE 155926 0 0
AMERICAN WTR WKS INC COM 030411102 414 13200 SH SOLE 13200 0 0
AMERITECH CORP NEW COM 030954101 29494 622560 SH SOLE 622560 0 0
AMF BOWLING INC COM 03113V109 200 22700 SH SOLE 22700 0 0
AMGEN INC COM 031162100 11055 146300 SH SOLE 146300 0 0
AMP INC COM 031897101 4340 121391 SH SOLE 121391 0 0
AMOCO CORP COM 031905102 28588 530634 SH SOLE 530634 0 0
AMRESCO INC COM 031909104 179 23800 SH SOLE 23800 0 0
AMSOUTH BANCORPORATION COM 032165102 2942 86225 SH SOLE 86225 0 0
ANADARKO PETE CORP COM 032511107 2522 64156 SH SOLE 64156 0 0
ANALOG DEVICES INC COM 032654105 1483 92349 SH SOLE 92349 0 0
ANDREW CORP COM 034425108 469 35425 SH SOLE 35425 0 0
ANHEUSER BUSCH COS INC COM 035229103 14186 262712 SH SOLE 262712 0 0
AON CORP COM 037389103 5932 91975 SH SOLE 91975 0 0
APACHE CORP COM 037411105 1442 53799 SH SOLE 53799 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 1268 33600 SH SOLE 33600 0 0
APOLLO GROUP INC CL A 037604105 866 31050 SH SOLE 31050 0 0
APPLE COMPUTER INC COM 037833100 2936 77005 SH SOLE 77005 0 0
APPLIED MATLS INC COM 038222105 5193 205652 SH SOLE 205652 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 5559 331900 SH SOLE 331900 0 0
ARCHSTONE CMNTYS TR SH BEN INT 039581103 308 15100 SH SOLE 15100 0 0
ARMSTRONG WORLD INDS INC COM 042476101 1773 33149 SH SOLE 33149 0 0
ARROW ELECTRS INC COM 042735100 760 57886 SH SOLE 57886 0 0
ARTERIAL VASCULAR ENGR INC COM 043013101 522 14100 SH SOLE 14100 0 0
ASCEND COMMUNICATIONS INC COM 043491109 5078 111600 SH SOLE 111600 0 0
ASHLAND INC COM 044204105 1572 33991 SH SOLE 33991 0 0
AT HOME CORP COM SER A 045919107 914 19100 SH SOLE 19100 0 0
ASSOCIATES FIRST CAP CORP CL A 046008108 12825 196548 SH SOLE 196548 0 0
ATLANTIC RICHFIELD CO COM 048825103 13554 191066 SH SOLE 191066 0 0
ATMEL CORP COM 049513104 547 60400 SH SOLE 60400 0 0
AUTODESK INC COM 052769106 528 20105 SH SOLE 20105 0 0
AUTOLIV INC COM 052800109 1431 52040 SH SOLE 52040 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 13267 177491 SH SOLE 177491 0 0
AUTOZONE INC COM 053332102 2174 88300 SH SOLE 88300 0 0
AVERY DENNISON CORP COM 053611109 2686 61490 SH SOLE 61490 0 0
AVNET INC COM 053807103 891 24200 SH SOLE 24200 0 0
AVON PRODS INC COM 054303102 3965 141284 SH SOLE 141284 0 0
BB&T CORP COM 054937107 2551 85200 SH SOLE 85200 0 0
BEC ENERGY COM 05538M101 3664 84100 SH SOLE 84100 0 0
BHC COMMUNICATIONS INC CL A 055448104 948 8100 SH SOLE 8100 0 0
BJS WHOLESALE CLUB INC COM 05548J106 301 8200 SH SOLE 8200 0 0
BJ SVCS CO COM 055482103 881 54200 SH SOLE 54200 0 0
BMC SOFTWARE INC COM 055921100 7165 119300 SH SOLE 119300 0 0
BAKER HUGHES INC COM 057224107 3740 178615 SH SOLE 178615 0 0
BALL CORP COM 058498106 377 10700 SH SOLE 10700 0 0
BALTIMORE GAS & ELEC CO COM 059165100 2840 85100 SH SOLE 85100 0 0
BANC ONE CORP COM 059438101 17092 400992 SH SOLE 400992 0 0
BANK NEW YORK INC COM 064057102 12684 463336 SH SOLE 463336 0 0
BANKBOSTON CORP COM 06605R106 5025 152259 SH SOLE 152259 0 0
BANKAMERICA CORP COM 066050105 23597 392461 SH SOLE 392461 0 0
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BANKERS TR CORP COM 066365107 3574 60569 SH SOLE 60569 0 0
BARD C R INC COM 067383109 1401 38000 SH SOLE 38000 0 0
BARNES & NOBLE INC COM 067774109 944 34960 SH SOLE 34960 0 0
BAUSCH & LOMB INC COM 071707103 1248 31700 SH SOLE 31700 0 0
BAXTER INTL INC COM 071813109 9444 158721 SH SOLE 158721 0 0
BEAR STEARNS COS INC COM 073902108 2415 78058 SH SOLE 78058 0 0
BECKMAN COULTER INC COM 075811109 1518 29400 SH SOLE 29400 0 0
BECTON DICKINSON & CO COM 075887109 5659 137600 SH SOLE 137600 0 0
BED BATH & BEYOND INC COM 075896100 734 31400 SH SOLE 31400 0 0
BELL ATLANTIC CORP COM 077853109 42469 876775 SH SOLE 876775 0 0
BELLSOUTH CORP COM 079860102 42151 560150 SH SOLE 560150 0 0
BELO A H CORP DEL COM SER A 080555105 1224 61200 SH SOLE 61200 0 0
BEMIS INC COM 081437105 358 10200 SH SOLE 10200 0 0
BERGEN BRUNSWIG CORP CL A 083739102 1638 32387 SH SOLE 32387 0 0
BEST BUY INC COM 086516101 1631 39300 SH SOLE 39300 0 0
BESTFOODS COM 08658U101 7997 165102 SH SOLE 165102 0 0
BETHLEHEM STL CORP COM 087509105 103 12500 SH SOLE 12500 0 0
BETZDEARBORN INC COM 087779104 1265 18300 SH SOLE 18300 0 0
BEVERLY ENTERPRISES INC COM NEW 087851309 737 92140 SH SOLE 92140 0 0
BIOGEN INC COM 090597105 2777 42200 SH SOLE 42200 0 0
BIOMET INC COM 090613100 2223 64100 SH SOLE 64100 0 0
BLACK & DECKER CORP COM 091797100 2593 62300 SH SOLE 62300 0 0
BLOCK H & R INC COM 093671105 2786 67333 SH SOLE 67333 0 0
BLYTH INDS INC COM 09643P108 664 24200 SH SOLE 24200 0 0
BOEING CO COM 097023105 19196 559455 SH SOLE 559455 0 0
BOISE CASCADE CORP COM 097383103 372 14700 SH SOLE 14700 0 0
BORDERS GROUP INC COM 099709107 1195 53700 SH SOLE 53700 0 0
BOSTON CHICKEN INC COM 100578103 28 37900 SH SOLE 37900 0 0
BOSTON PROPERTIES INC COM 101121101 254 8900 SH SOLE 8900 0 0
BOSTON SCIENTIFIC CORP COM 101137107 3550 69100 SH SOLE 69100 0 0
BOWATER INC COM 102183100 541 15200 SH SOLE 15200 0 0
BRINKER INTL INC COM 109641100 360 19200 SH SOLE 19200 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 58217 560454 SH SOLE 560454 0 0
BROWN FORMAN CORP CL B 115637209 1500 25000 SH SOLE 25000 0 0
BROWNING FERRIS INDS COM 115885105 2756 91093 SH SOLE 91093 0 0
BRUNSWICK CORP COM 117043109 776 60000 SH SOLE 60000 0 0
BURLINGTON NORTHN SANTA FE CP COM 12189T104 8586 268320 SH SOLE 268320 0 0
BURLINGTON RES INC COM 122014103 3807 101865 SH SOLE 101865 0 0
CCB FINL CORP COM 124875105 514 5100 SH SOLE 5100 0 0
CBS CORP COM 12490K107 10221 421479 SH SOLE 421479 0 0
CIGNA CORP COM 125509109 9740 147290 SH SOLE 147290 0 0
CIT GROUP INC CL A 125577106 410 16000 SH SOLE 16000 0 0
CKE RESTAURANTS INC COM 12561E105 622 20900 SH SOLE 20900 0 0
CMS ENERGY CORP COM 125896100 2983 68476 SH SOLE 68476 0 0
CNA FINL CORP COM 126117100 675 18006 SH SOLE 18006 0 0
CNF TRANSN INC COM 12612W104 813 27900 SH SOLE 27900 0 0
CSX CORP COM 126408103 5970 141934 SH SOLE 141934 0 0
CVS CORP COM 126650100 7157 163358 SH SOLE 163358 0 0
CABLEVISION SYS CORP CL A 12686C109 2773 64200 SH SOLE 64200 0 0
CABLETRON SYS INC COM 126920107 792 70400 SH SOLE 70400 0 0
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CABOT CORP COM 127055101 1410 56540 SH SOLE 56540 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 3158 123547 SH SOLE 123547 0 0
CALENERGY INC COM 129466108 355 13400 SH SOLE 13400 0 0
CALLAWAY GOLF CO COM 131193104 502 46400 SH SOLE 46400 0 0
CAMBRIDGE TECH PARTNERS MASS COM 132524109 669 30000 SH SOLE 30000 0 0
CAMPBELL SOUP CO COM 134429109 6605 131600 SH SOLE 131600 0 0
CAPITAL ONE FINL CORP COM 14040H105 3418 33024 SH SOLE 33024 0 0
CAPSTAR BROADCASTING CORP CL A 14067G105 318 20600 SH SOLE 20600 0 0
CARDINAL HEALTH INC COM 14149Y108 8268 80073 SH SOLE 80073 0 0
CAROLINA PWR & LT CO COM 144141108 3918 84820 SH SOLE 84820 0 0
CARRAMERICA RLTY CORP COM 144418100 513 22500 SH SOLE 22500 0 0
CASE CORP COM 14743R103 587 27000 SH SOLE 27000 0 0
CATELLUS DEV CORP COM 149111106 506 38900 SH SOLE 38900 0 0
CATERPILLAR INC DEL COM 149123101 9182 206038 SH SOLE 206038 0 0
CENDANT CORP COM 151313103 5620 483457 SH SOLE 483457 0 0
CENTEX CORP COM 152312104 1221 35400 SH SOLE 35400 0 0
CENTOCOR INC COM 152342101 1430 36100 SH SOLE 36100 0 0
CENTRAL & SOUTH WEST CORP COM 152357109 3570 124981 SH SOLE 124981 0 0
CENTURA BKS INC COM 15640T100 270 4300 SH SOLE 4300 0 0
CENTURY TEL ENTERPRISES INC COM 156686107 2821 59700 SH SOLE 59700 0 0
CERIDIAN CORP COM 15677T106 2002 34900 SH SOLE 34900 0 0
CHAMPION INTL CORP COM 158525105 1801 57524 SH SOLE 57524 0 0
CHANCELLOR MEDIA CORP COM 158915108 2162 64770 SH SOLE 64770 0 0
CHARTER ONE FINL INC COM 160903100 2218 89158 SH SOLE 89158 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 21142 488829 SH SOLE 488829 0 0
CHEVRON CORPORATION COM 166751107 30660 364732 SH SOLE 364732 0 0
CHIRON CORP COM 170040109 1477 74340 SH SOLE 74340 0 0
CHRIS CRAFT INDS INC COM 170520100 291 6592 SH SOLE 6592 0 0
CHRYSLER CORP COM 171196108 15893 331962 SH SOLE 331962 0 0
CHUBB CORP COM 171232101 6084 96564 SH SOLE 96564 0 0
CIBER INC COM 17163B102 357 17700 SH SOLE 17700 0 0
CIENA CORP COM 171779101 784 54800 SH SOLE 54800 0 0
CINCINNATI BELL INC COM 171870108 2206 84854 SH SOLE 84854 0 0
CINCINNATI FINL CORP COM 172062101 3204 104185 SH SOLE 104185 0 0
CINERGY CORP COM 172474108 3400 88900 SH SOLE 88900 0 0
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 1956 58709 SH SOLE 58709 0 0
CISCO SYS INC COM 17275R102 54096 875165 SH SOLE 875165 0 0
CINTAS CORP COM 172908105 947 18900 SH SOLE 18900 0 0
CIRCUS CIRCUS ENTERPRISES INC COM 172909103 565 59908 SH SOLE 59908 0 0
CITICORP COM 173034109 23910 257273 SH SOLE 257273 0 0
CITIZENS UTILS CO DEL CL B 177342201 831 102291 SH SOLE 102291 0 0
CITRIX SYS INC COM 177376100 1697 23900 SH SOLE 23900 0 0
CITY INVESTING CO LIQ TR UNIT BEN INT 177900107 46 35000 SH SOLE 35000 0 0
CITY NATL CORP COM 178566105 573 18300 SH SOLE 18300 0 0
CLAYTON HOMES INC COM 184190106 430 25400 SH SOLE 25400 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 3914 82400 SH SOLE 82400 0 0
CLOROX CO DEL COM 189054109 3630 44000 SH SOLE 44000 0 0
COASTAL CORP COM 190441105 4104 121600 SH SOLE 121600 0 0
COCA COLA CO COM 191216100 73879 1282066 SH SOLE 1282066 0 0
COCA COLA ENTERPRISES INC COM 191219104 3323 131600 SH SOLE 131600 0 0
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
COLGATE PALMOLIVE CO COM 194162103 11465 167374 SH SOLE 167374 0 0
COLTEC INDS INC COM 196879100 458 30300 SH SOLE 30300 0 0
COLUMBIA ENERGY GROUP COM 197648108 3212 54783 SH SOLE 54783 0 0
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 7223 360004 SH SOLE 360004 0 0
COMAIR HOLDINGS INC COM 199789108 1015 35300 SH SOLE 35300 0 0
COMCAST CORP CL A SPL 200300200 9786 208495 SH SOLE 208495 0 0
COMDISCO INC COM 200336105 903 66300 SH SOLE 66300 0 0
COMERICA INC COM 200340107 5805 105900 SH SOLE 105900 0 0
COMMERCE BANCSHARES INC COM 200525103 440 11167 SH SOLE 11167 0 0
COMPASS BANCSHARES INC COM 20449H109 611 18500 SH SOLE 18500 0 0
COMPAQ COMPUTER CORP COM 204493100 28972 916125 SH SOLE 916125 0 0
COMPUTER ASSOC INTL INC COM 204912109 9119 246459 SH SOLE 246459 0 0
COMPUSA INC COM 204932107 1001 57800 SH SOLE 57800 0 0
COMPUTER SCIENCES CORP COM 205363104 5257 96460 SH SOLE 96460 0 0
COMPUWARE CORP COM 205638109 5499 93400 SH SOLE 93400 0 0
COMSAT CORP COM SER 1 20564D107 835 23700 SH SOLE 23700 0 0
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 785 19200 SH SOLE 19200 0 0
CONAGRA INC COM 205887102 7245 268970 SH SOLE 268970 0 0
CONCORD EFS INC COM 206197105 1721 66675 SH SOLE 66675 0 0
CONSECO INC COM 208464107 5376 175918 SH SOLE 175918 0 0
CONSOLIDATED EDISON INC COM 209115104 6776 130000 SH SOLE 130000 0 0
CONSOLIDATED NAT GAS CO COM 209615103 3097 56828 SH SOLE 56828 0 0
CONSOLIDATED PAPERS INC COM 209759109 397 15800 SH SOLE 15800 0 0
CONSOLIDATED STORES CORP COM 210149100 884 45050 SH SOLE 45050 0 0
CONTINENTAL AIRLS INC CL B 210795308 1174 31100 SH SOLE 31100 0 0
COOPER CAMERON CORP COM 216640102 737 26200 SH SOLE 26200 0 0
COOPER INDS INC COM 216669101 2829 69429 SH SOLE 69429 0 0
COOPER TIRE & RUBR CO COM 216831107 916 50900 SH SOLE 50900 0 0
COORS ADOLPH CO CL B 217016104 756 16460 SH SOLE 16460 0 0
CORDANT TECHNOLOGIES INC COM 218412104 1062 25100 SH SOLE 25100 0 0
CORNERSTONE PPTYS INC COM 21922H103 227 15000 SH SOLE 15000 0 0
CORNING INC COM 219350105 3859 131093 SH SOLE 131093 0 0
CORRECTIONS CORP AMER COM 220256101 704 51900 SH SOLE 51900 0 0
COSTCO COMPANIES INC COM 22160Q102 5962 125857 SH SOLE 125857 0 0
COUNTRYWIDE CR INDS INC DEL COM 222372104 2786 66934 SH SOLE 66934 0 0
COX COMMUNICATIONS INC NEW CL A 224044107 2642 48370 SH SOLE 48370 0 0
CRACKER BARREL OLD CTRY STR COM 224100107 937 41200 SH SOLE 41200 0 0
CRANE CO COM 224399105 405 17250 SH SOLE 17250 0 0
CRESCENT REAL ESTATE EQUITIES COM 225756105 1409 55800 SH SOLE 55800 0 0
CRESTAR FINL CORP COM 226091106 4044 71256 SH SOLE 71256 0 0
CROMPTON & KNOWLES CORP COM 227111101 526 36100 SH SOLE 36100 0 0
CROWN CORK & SEAL INC COM 228255105 1831 68455 SH SOLE 68455 0 0
CUMMINS ENGINE INC COM 231021106 771 25900 SH SOLE 25900 0 0
CYPRUS AMAX MINERALS CO COM 232809103 816 61550 SH SOLE 61550 0 0
CYTEC INDS INC COM 232820100 561 31400 SH SOLE 31400 0 0
DQE INC COM 23329J104 2487 64400 SH SOLE 64400 0 0
DPL INC COM 233293109 2078 105900 SH SOLE 105900 0 0
DST SYS INC DEL COM 233326107 1340 25400 SH SOLE 25400 0 0
DTE ENERGY CO COM 233331107 6209 137400 SH SOLE 137400 0 0
DANA CORP COM 235811106 3733 100036 SH SOLE 100036 0 0
<PAGE> PAGE 7
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DANAHER CORP DEL COM 235851102 576 19200 SH SOLE 19200 0 0
DARDEN RESTAURANTS INC COM 237194105 2563 160178 SH SOLE 160178 0 0
DAYTON HUDSON CORP COM 239753106 8939 250034 SH SOLE 250034 0 0
DEAN FOODS CO COM 242361103 524 11900 SH SOLE 11900 0 0
DEERE & CO COM 244199105 4210 139176 SH SOLE 139176 0 0
DEKALB GENETICS CORP CL B 244878203 1362 14800 SH SOLE 14800 0 0
DELL COMPUTER CORP COM 247025109 39993 608264 SH SOLE 608264 0 0
DELTA & PINE LD CO COM 247357106 572 13000 SH SOLE 13000 0 0
DELTA AIR LINES INC DEL COM 247361108 4644 47751 SH SOLE 47751 0 0
DELUXE CORP COM 248019101 1453 51100 SH SOLE 51100 0 0
DENTSPLY INTL INC NEW COM 249030107 751 33576 SH SOLE 33576 0 0
DIAL CORP NEW COM 25247D101 1359 65900 SH SOLE 65900 0 0
DIAMOND OFFSHORE DRILLING INC COM 25271C102 632 24300 SH SOLE 24300 0 0
DIEBOLD INC COM 253651103 953 43337 SH SOLE 43337 0 0
DILLARDS INC CL A 254067101 1857 65607 SH SOLE 65607 0 0
DIME BANCORP INC NEW COM 25429Q102 2063 81510 SH SOLE 81510 0 0
DISNEY WALT CO COM 254687106 29480 1164623 SH SOLE 1164623 0 0
DOLE FOOD INC COM 256605106 1097 30378 SH SOLE 30378 0 0
DOLLAR GEN CORP COM 256669102 1760 66114 SH SOLE 66114 0 0
DOLLAR TREE STORES INC COM 256747106 996 31800 SH SOLE 31800 0 0
DOMINION RES INC VA COM 257470104 4783 107185 SH SOLE 107185 0 0
DONNELLEY R R & SONS CO COM 257867101 2043 58060 SH SOLE 58060 0 0
DOVER CORP COM 260003108 4014 130006 SH SOLE 130006 0 0
DOW CHEM CO COM 260543103 11577 135500 SH SOLE 135500 0 0
DOW JONES & CO INC COM 260561105 1465 31500 SH SOLE 31500 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 35885 639374 SH SOLE 639374 0 0
DUKE ENERGY CORP COM 264399106 12976 196043 SH SOLE 196043 0 0
DUKE REALTY INVT INC COM NEW 264411505 939 40500 SH SOLE 40500 0 0
DUN & BRADSTREET CORP DEL COM 26483B106 2598 96229 SH SOLE 96229 0 0
DYNEGY INC COM 26816L102 789 58700 SH SOLE 58700 0 0
E M C CORP MASS COM 268648102 16081 281200 SH SOLE 281200 0 0
ENSCO INTL INC COM 26874Q100 975 90200 SH SOLE 90200 0 0
EASTMAN CHEM CO COM 277432100 2661 52764 SH SOLE 52764 0 0
EASTMAN KODAK CO COM 277461109 13774 178165 SH SOLE 178165 0 0
EATON CORP COM 278058102 2689 42900 SH SOLE 42900 0 0
ECOLAB INC COM 278865100 2161 75984 SH SOLE 75984 0 0
EDISON INTL COM 281020107 6478 252200 SH SOLE 252200 0 0
J D EDWARDS & CO COM 281667105 869 18100 SH SOLE 18100 0 0
EDWARDS AG INC COM 281760108 1574 51917 SH SOLE 51917 0 0
EL PASO ENERGY CORP DEL COM 283905107 2347 72356 SH SOLE 72356 0 0
ELECTRONIC ARTS INC COM 285512109 1689 38500 SH SOLE 38500 0 0
ELECTRONIC DATA SYS NEW COM 285661104 6794 204724 SH SOLE 204724 0 0
EMERSON ELEC CO COM 291011104 15114 242790 SH SOLE 242790 0 0
ENERGY EAST CORP COM 29266M109 2219 43500 SH SOLE 43500 0 0
ENGELHARD CORP COM 292845104 1120 63350 SH SOLE 63350 0 0
ENRON CORP COM 293561106 9353 177090 SH SOLE 177090 0 0
ENRON OIL & GAS CO COM 293562104 313 17900 SH SOLE 17900 0 0
ENTERGY CORP NEW COM 29364G103 4147 134870 SH SOLE 134870 0 0
EQUIFAX INC COM 294429105 3440 96390 SH SOLE 96390 0 0
EQUITABLE COS INC COM 29444G107 2191 52956 SH SOLE 52956 0 0
<PAGE> PAGE 8
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
EQUITY OFFICE PROPERTIES TRUST COM 294741103 2318 94600 SH SOLE 94600 0 0
EQUITY RESIDENTIAL PPTYS TR SH BEN INT 29476L107 1335 31649 SH SOLE 31649 0 0
ERIE INDTY CO CL A 29530P102 248 9100 SH SOLE 9100 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 297 8200 SH SOLE 8200 0 0
EVEREST REINS HLDGS INC COM 299808105 548 14700 SH SOLE 14700 0 0
EXCEL COMMUNICATIONS INC NEW COM 30065K104 294 13000 SH SOLE 13000 0 0
EXXON CORP COM 302290101 94466 1345913 SH SOLE 1345913 0 0
F M C CORP COM NEW 302491303 675 13087 SH SOLE 13087 0 0
FPL GROUP INC COM 302571104 6611 94861 SH SOLE 94861 0 0
FAMILY DLR STORES INC COM 307000109 1021 64800 SH SOLE 64800 0 0
FASTENAL CO COM 311900104 208 8300 SH SOLE 8300 0 0
FDX CORP COM 31304N107 3869 85740 SH SOLE 85740 0 0
FEDERAL HOME LN MTG CORP COM 313400301 19923 403000 SH SOLE 403000 0 0
FEDERAL MOGUL CORP COM 313549107 879 18800 SH SOLE 18800 0 0
FEDERAL NATL MTG ASSN COM 313586109 37707 586878 SH SOLE 586878 0 0
FEDERATED DEPT STORES INC DEL COM 31410H101 4446 122223 SH SOLE 122223 0 0
FIFTH THIRD BANCORP COM 316773100 7208 125349 SH SOLE 125349 0 0
FINOVA GROUP INC COM 317928109 819 16400 SH SOLE 16400 0 0
FIRST AMER CORP TENN COM 318900107 1080 28132 SH SOLE 28132 0 0
FIRST CHICAGO NBD CORP COM 31945A100 12062 176092 SH SOLE 176092 0 0
FIRST DATA CORP COM 319963104 5483 233340 SH SOLE 233340 0 0
FIRST HEALTH GROUP CORP COM 320960107 461 19000 SH SOLE 19000 0 0
FIRST SEC CORP DEL COM 336294103 2046 122162 SH SOLE 122162 0 0
FIRST TENN NATL CORP COM 337162101 1027 37600 SH SOLE 37600 0 0
FIRST UN CORP COM 337358105 22590 441323 SH SOLE 441323 0 0
FIRST VA BANKS INC COM 337477103 422 9500 SH SOLE 9500 0 0
FIRSTAR CORP COM 33761C103 4445 87800 SH SOLE 87800 0 0
FIRSTPLUS FINL GROUP INC COM 33763B103 157 13700 SH SOLE 13700 0 0
FISERV INC COM 337738108 1363 29600 SH SOLE 29600 0 0
FIRSTMERIT CORP COM 337915102 262 11200 SH SOLE 11200 0 0
FIRSTENERGY CORP COM 337932107 4064 130832 SH SOLE 130832 0 0
FLEET FINL GROUP INC NEW COM 338915101 11444 155833 SH SOLE 155833 0 0
FLORIDA PROGRESS CORP COM 341109106 2038 47055 SH SOLE 47055 0 0
FLOWERS INDS INC COM 343496105 984 45100 SH SOLE 45100 0 0
FLUOR CORP COM 343861100 2100 51140 SH SOLE 51140 0 0
FOOD LION INC CL B 344775101 2229 228600 SH SOLE 228600 0 0
FORD MTR CO DEL COM 345370100 32475 691871 SH SOLE 691871 0 0
FORE SYSTEMS INC COM 345449102 830 49900 SH SOLE 49900 0 0
FOREST LABS INC CL A 345838106 1530 44500 SH SOLE 44500 0 0
FORT JAMES CORP COM 347471104 2899 88354 SH SOLE 88354 0 0
FORTUNE BRANDS INC COM 349631101 3178 107272 SH SOLE 107272 0 0
FOUNDATION HEALTH SYS INC COM 350404109 647 69040 SH SOLE 69040 0 0
FRANKLIN RES INC COM 354613101 3078 102600 SH SOLE 102600 0 0
FREEPORT-MCMORAN COPPER & GOLD CL B 35671D857 1157 97468 SH SOLE 97468 0 0
FRONTIER CORPORATION COM 35906P105 2969 108461 SH SOLE 108461 0 0
FRUIT OF THE LOOM INC CL A 359416104 526 34900 SH SOLE 34900 0 0
FURNITURE BRANDS INTL INC COM 360921100 335 17200 SH SOLE 17200 0 0
GATX CORP COM 361448103 235 7100 SH SOLE 7100 0 0
GPU INC COM 36225X100 3396 79900 SH SOLE 79900 0 0
GTE CORP COM 362320103 29804 541891 SH SOLE 541891 0 0
<PAGE> PAGE 9
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GALILEO INTERNATIONAL INC COM 363547100 921 24400 SH SOLE 24400 0 0
GANNETT INC COM 364730101 8799 164282 SH SOLE 164282 0 0
GAP INC DEL COM 364760108 9171 173850 SH SOLE 173850 0 0
GARTNER GROUP INC NEW COM 366651107 374 17900 SH SOLE 17900 0 0
GATEWAY 2000 INC COM 367833100 1710 32800 SH SOLE 32800 0 0
GAYLORD ENTMT CO NEW COM 367905106 304 10200 SH SOLE 10200 0 0
GENERAL DYNAMICS CORP COM 369550108 3388 67512 SH SOLE 67512 0 0
GENERAL ELEC CO COM 369604103 145569 1829623 SH SOLE 1829623 0 0
GENERAL INSTR CORP DEL COM 370120107 1525 70500 SH SOLE 70500 0 0
GENERAL MLS INC COM 370334104 5874 83908 SH SOLE 83908 0 0
GENERAL MTRS CORP COM 370442105 21055 385000 SH SOLE 385000 0 0
GENERAL MTRS CORP CL H NEW 370442832 2345 63698 SH SOLE 63698 0 0
GENERAL NUTRITION COS INC COM 37047F103 611 56500 SH SOLE 56500 0 0
GENERAL RE CORP COM 370563108 9277 45699 SH SOLE 45699 0 0
GENERAL SIGNAL CORP COM 370838104 941 27716 SH SOLE 27716 0 0
GENUINE PARTS CO COM 372460105 3096 103000 SH SOLE 103000 0 0
GENZYME CORP COM GENL DIV 372917104 1850 51200 SH SOLE 51200 0 0
GEORGIA PAC CORP COM GA PAC GRP 373298108 2516 55143 SH SOLE 55143 0 0
GEORGIA PAC CORP COM-TIMBER GRP 373298702 1161 59743 SH SOLE 59743 0 0
GIANT FOOD INC CL A 374478105 1779 41200 SH SOLE 41200 0 0
GILLETTE CO COM 375766102 21516 562497 SH SOLE 562497 0 0
GLOBAL MARINE INC COM 379352404 641 57900 SH SOLE 57900 0 0
GOLDEN ST BANCORP INC COM 381197102 608 30500 SH SOLE 30500 0 0
GOLDEN ST BANCORP INC WT EXP 000000 381197136 129 30500 SH SOLE 30500 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 2561 31300 SH SOLE 31300 0 0
GOODRICH B F CO COM 382388106 1323 40480 SH SOLE 40480 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 4757 92592 SH SOLE 92592 0 0
GRAINGER W W INC COM 384802104 2064 49000 SH SOLE 49000 0 0
GREAT LAKES CHEM CORP COM 390568103 1458 37500 SH SOLE 37500 0 0
GREENPOINT FINL CORP COM 395384100 1680 52700 SH SOLE 52700 0 0
GUIDANT CORP COM 401698105 6568 88462 SH SOLE 88462 0 0
GULFSTREAM AEROSPACE CORP COM 402734107 1220 30300 SH SOLE 30300 0 0
HBO & CO COM 404100109 6740 233407 SH SOLE 233407 0 0
HRPT PPTYS TR COM SH BEN INT 40426W101 463 28700 SH SOLE 28700 0 0
HSB GROUP INC COM 40428N109 438 10850 SH SOLE 10850 0 0
HALLIBURTON CO COM 406216101 7249 253789 SH SOLE 253789 0 0
HANNAFORD BROS CO COM 410550107 393 9300 SH SOLE 9300 0 0
HARCOURT GEN INC COM 41163G101 1615 33395 SH SOLE 33395 0 0
HARLEY DAVIDSON INC COM 412822108 2723 92700 SH SOLE 92700 0 0
HARNISCHFEGER INDS INC COM 413345109 160 14200 SH SOLE 14200 0 0
HARRAHS ENTMT INC COM 413619107 876 65793 SH SOLE 65793 0 0
HARRIS CORP DEL COM 413875105 1881 58789 SH SOLE 58789 0 0
HARSCO CORP COM 415864107 1023 33954 SH SOLE 33954 0 0
HARTE-HANKS INC COM 416196103 349 15600 SH SOLE 15600 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 6512 137276 SH SOLE 137276 0 0
HASBRO INC COM 418056107 2317 78537 SH SOLE 78537 0 0
HEALTHSOUTH CORP COM 421924101 2561 242500 SH SOLE 242500 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 2648 145086 SH SOLE 145086 0 0
HEARST-ARGYLE TELEVISION INC COM 422317107 1355 40600 SH SOLE 40600 0 0
HEFTEL BROADCASTING CORP CL A 422799106 808 21400 SH SOLE 21400 0 0
<PAGE> PAGE 10
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HEINZ H J CO COM 423074103 9739 190500 SH SOLE 190500 0 0
HELLER FINANCIAL INC CL A 423328103 408 17000 SH SOLE 17000 0 0
HERCULES INC COM 427056106 1671 55591 SH SOLE 55591 0 0
HERSHEY FOODS CORP COM 427866108 3833 56000 SH SOLE 56000 0 0
HERTZ CORP CL A 428040109 637 15400 SH SOLE 15400 0 0
HEWLETT PACKARD CO COM 428236103 25139 474882 SH SOLE 474882 0 0
HIBERNIA CORP CL A 428656102 543 37600 SH SOLE 37600 0 0
HIGHWOODS PPTYS INC COM 431284108 907 32700 SH SOLE 32700 0 0
HILLENBRAND INDS INC COM 431573104 1544 31500 SH SOLE 31500 0 0
HILTON HOTELS CORP COM 432848109 1974 115700 SH SOLE 115700 0 0
HOME DEPOT INC COM 437076102 32624 825932 SH SOLE 825932 0 0
HOMESTAKE MNG CO COM 437614100 1174 96840 SH SOLE 96840 0 0
HON INDS INC COM 438092108 662 28000 SH SOLE 28000 0 0
HONEYWELL INC COM 438506107 4619 72100 SH SOLE 72100 0 0
HORACE MANN EDUCATORS CORP NEW COM 440327104 267 8900 SH SOLE 8900 0 0
HORMEL FOODS CORP COM 440452100 244 9000 SH SOLE 9000 0 0
HOST MARRIOTT CORP COM 441078102 1402 110467 SH SOLE 110467 0 0
HOUSEHOLD INTL INC COM 441815107 8318 221802 SH SOLE 221802 0 0
HOUSTON INDS INC COM 442161105 4830 155180 SH SOLE 155180 0 0
HOWMET INTERNATIONAL COM 443208103 271 23300 SH SOLE 23300 0 0
HUBBELL INC CL B 443510201 1458 41074 SH SOLE 41074 0 0
HUMANA INC COM 444859102 1585 96800 SH SOLE 96800 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3366 133967 SH SOLE 133967 0 0
ICN PHARMACEUTICALS INC NEW COM 448924100 546 31200 SH SOLE 31200 0 0
IBP INC COM 449223106 1401 69200 SH SOLE 69200 0 0
IMC GLOBAL INC COM 449669100 1063 54856 SH SOLE 54856 0 0
IMS HEALTH INC COM 449934108 6245 100829 SH SOLE 100829 0 0
ITT INDS INC IND COM 450911102 3235 95503 SH SOLE 95503 0 0
IKON OFFICE SOLUTIONS INC COM 451713101 656 91230 SH SOLE 91230 0 0
ILLINOIS TOOL WKS INC COM 452308109 6289 115400 SH SOLE 115400 0 0
ILLINOVA CORP COM 452317100 1327 46259 SH SOLE 46259 0 0
IMMUNEX CORP NEW COM 452528102 570 10300 SH SOLE 10300 0 0
INGERSOLL RAND CO COM 456866102 3717 97970 SH SOLE 97970 0 0
INGRAM MICRO INC CL A 457153104 1216 22700 SH SOLE 22700 0 0
INLAND STL INDS INC COM 457472108 215 9900 SH SOLE 9900 0 0
INTEL CORP COM 458140100 81097 945740 SH SOLE 945740 0 0
INTERMEDIA COMMUNICATIONS INC COM 458801107 489 19900 SH SOLE 19900 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 67933 530729 SH SOLE 530729 0 0
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 1919 58150 SH SOLE 58150 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 1216 65500 SH SOLE 65500 0 0
INTL PAPER CO COM 460146103 7966 170855 SH SOLE 170855 0 0
INTERPUBLIC GROUP COS INC COM 460690100 4592 85137 SH SOLE 85137 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 1001 32300 SH SOLE 32300 0 0
INTIMATE BRANDS INC CL A 461156101 229 12100 SH SOLE 12100 0 0
INTUIT COM 461202103 1248 26800 SH SOLE 26800 0 0
IOMEGA CORP COM 462030107 576 153600 SH SOLE 153600 0 0
IPALCO ENTERPRISES INC COM 462613100 1701 36150 SH SOLE 36150 0 0
I2 TECHNOLOGIES INC COM 465754109 143 10100 SH SOLE 10100 0 0
JACOR COMMUNUNICATIONS INC CL A 469858401 830 16400 SH SOLE 16400 0 0
JEFFERSON PILOT CORP COM 475070108 4191 69280 SH SOLE 69280 0 0
<PAGE> PAGE 11
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
JEFFERSON SMURFIT CORP NEW COM 475087102 132 11500 SH SOLE 11500 0 0
JOHNS MANVILLE CORP NEW COM 478129109 553 48650 SH SOLE 48650 0 0
JOHNSON & JOHNSON COM 478160104 59374 758779 SH SOLE 758779 0 0
JOHNSON CTLS INC COM 478366107 2418 52000 SH SOLE 52000 0 0
JONES APPAREL GROUP INC COM 480074103 610 26600 SH SOLE 26600 0 0
KLA-TENCORP CORP COM 482480100 1172 47100 SH SOLE 47100 0 0
K MART CORP COM 482584109 3856 323000 SH SOLE 323000 0 0
KN ENERGY INC COM 482620101 400 7800 SH SOLE 7800 0 0
KANSAS CITY PWR & LT CO COM 485134100 1333 43800 SH SOLE 43800 0 0
KANSAS CITY SOUTHN INDS INC COM 485170104 2395 68432 SH SOLE 68432 0 0
KEANE INC COM 486665102 1370 39000 SH SOLE 39000 0 0
KELLOGG CO COM 487836108 4241 128746 SH SOLE 128746 0 0
KERR MCGEE CORP COM 492386107 1606 35300 SH SOLE 35300 0 0
KEYCORP NEW COM 493267108 7979 276330 SH SOLE 276330 0 0
KIMBERLY CLARK CORP COM 494368103 12395 306060 SH SOLE 306060 0 0
KIMCO REALTY CORP COM 49446R109 540 14200 SH SOLE 14200 0 0
KING WORLD PRODTNS INC COM 495667107 875 33504 SH SOLE 33504 0 0
KNIGHT RIDDER INC COM 499040103 2582 58029 SH SOLE 58029 0 0
KOHLS CORP COM 500255104 3327 85300 SH SOLE 85300 0 0
KROGER CO COM 501044101 7351 147028 SH SOLE 147028 0 0
LG&E ENERGY CORP COM 501917108 701 25158 SH SOLE 25158 0 0
LHS GROUP INC COM 501938104 408 8400 SH SOLE 8400 0 0
LSI LOGIC CORP COM 502161102 1018 80600 SH SOLE 80600 0 0
LAFARGE CORP COM 505862102 463 16200 SH SOLE 16200 0 0
LAMAR ADVERTISING CO CL A 512815101 333 11900 SH SOLE 11900 0 0
LANCASTER COLONY CORP COM 513847103 232 7550 SH SOLE 7550 0 0
LAUDER ESTEE COS INC CL A 518439104 523 10200 SH SOLE 10200 0 0
LEAR CORP COM 521865105 844 19300 SH SOLE 19300 0 0
LEARNING CO INC COM 522008101 519 26180 SH SOLE 26180 0 0
LEGGETT & PLATT INC COM 524660107 2606 125600 SH SOLE 125600 0 0
LEGG MASON INC COM 524901105 274 10400 SH SOLE 10400 0 0
LEHMAN BROS HLDGS INC COM 524908100 1957 69290 SH SOLE 69290 0 0
LENNAR CORP COM 526057104 444 19900 SH SOLE 19900 0 0
LEUCADIA NATL CORP COM 527288104 305 10400 SH SOLE 10400 0 0
LEVEL 3 COMMUNICATIONS INC COM 52729N100 2315 72500 SH SOLE 72500 0 0
LEXMARK INTL GROUP INC CL A 529771107 2086 30100 SH SOLE 30100 0 0
LIBERTY PPTY TR SH BEN INT 531172104 279 11700 SH SOLE 11700 0 0
LILLY ELI & CO COM 532457108 40722 520000 SH SOLE 520000 0 0
LIMITED INC COM 532716107 2270 103493 SH SOLE 103493 0 0
LINCARE HLDGS INC COM 532791100 1263 32600 SH SOLE 32600 0 0
LINCOLN NATL CORP IND COM 534187109 5281 64204 SH SOLE 64204 0 0
LINEAR TECHNOLOGY CORP COM 535678106 2205 44100 SH SOLE 44100 0 0
LITTON INDS INC COM 538021106 1309 21818 SH SOLE 21818 0 0
LIZ CLAIBORNE INC COM 539320101 1100 42020 SH SOLE 42020 0 0
LOCKHEED MARTIN CORP COM 539830109 10097 100160 SH SOLE 100160 0 0
LOEWS CORP COM 540424108 3474 41168 SH SOLE 41168 0 0
LONGS DRUG STORES CORP COM 543162101 330 8200 SH SOLE 8200 0 0
LOUISIANA PAC CORP COM 546347105 1412 69300 SH SOLE 69300 0 0
LOWES COS INC COM 548661107 5653 177700 SH SOLE 177700 0 0
LUBRIZOL CORP COM 549271104 1060 39893 SH SOLE 39893 0 0
<PAGE> PAGE 12
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
LUCENT TECHNOLOGIES INC COM 549463107 51011 738624 SH SOLE 738624 0 0
LYONDELL CHEMICAL CO COM 552078107 955 42900 SH SOLE 42900 0 0
M & T BK CORP COM 55261F104 231 500 SH SOLE 500 0 0
MBIA INC COM 55262C100 3200 59600 SH SOLE 59600 0 0
MBNA CORP COM 55262L100 7591 265180 SH SOLE 265180 0 0
MCN ENERGY GROUP INC COM 55267J100 384 22500 SH SOLE 22500 0 0
MCI WORLDCOM INC COM 55268B106 47469 971236 SH SOLE 971236 0 0
MGIC INVT CORP WIS COM 552848103 2650 71854 SH SOLE 71854 0 0
MSC INDL DIRECT INC CL A 553530106 234 11700 SH SOLE 11700 0 0
MACK CALI RLTY CORP COM 554489104 891 29700 SH SOLE 29700 0 0
MALLINCKRODT INC NEW COM 561232109 869 42800 SH SOLE 42800 0 0
MANPOWER INC COM 56418H100 1034 50600 SH SOLE 50600 0 0
MARKETSPAN CORP COM 57061V107 2436 84912 SH SOLE 84912 0 0
MARSH & MCLENNAN COS INC COM 571748102 7505 150858 SH SOLE 150858 0 0
MARSHALL & ILSLEY CORP COM 571834100 3257 68200 SH SOLE 68200 0 0
MARRIOTT INTL INC NEW CL A 571903202 2335 97816 SH SOLE 97816 0 0
MARTIN MARIETTA MATLS INC COM 573284106 1444 33437 SH SOLE 33437 0 0
MASCO CORP COM 574599106 5214 211746 SH SOLE 211746 0 0
MATTEL INC COM 577081102 4757 169888 SH SOLE 169888 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1904 68300 SH SOLE 68300 0 0
MAY DEPT STORES CO COM 577778103 6826 132546 SH SOLE 132546 0 0
MAYTAG CORP COM 578592107 2803 58700 SH SOLE 58700 0 0
MCCORMICK & CO INC COM NON VTG 579780206 1290 44400 SH SOLE 44400 0 0
MCDONALDS CORP COM 580135101 22942 384367 SH SOLE 384367 0 0
MCGRAW HILL COS INC COM 580645109 4795 60500 SH SOLE 60500 0 0
MCKESSON CORP NEW COM 581557105 4096 44700 SH SOLE 44700 0 0
MCLEODUSA INC COM 582266102 287 13100 SH SOLE 13100 0 0
MEAD CORP COM 582834107 2032 69044 SH SOLE 69044 0 0
MEDIAONE GROUP INC COM 58440J104 12757 287083 SH SOLE 287083 0 0
MEDPARTNERS INC NEW COM 58503X107 317 97521 SH SOLE 97521 0 0
MEDTRONIC INC COM 585055106 15730 271800 SH SOLE 271800 0 0
MELLON BK CORP COM 585509102 8679 157614 SH SOLE 157614 0 0
MERCANTILE BANCORPORATION INC COM 587342106 1859 38425 SH SOLE 38425 0 0
MERCANTILE BANKSHARES CORP COM 587405101 1586 56400 SH SOLE 56400 0 0
MERCK & CO INC COM 589331107 87261 673505 SH SOLE 673505 0 0
MERCURY GENL CORP NEW COM 589400100 300 8000 SH SOLE 8000 0 0
MEREDITH CORP COM 589433101 992 31000 SH SOLE 31000 0 0
MERITOR AUTOMOTIVE INC COM 59000G100 549 36448 SH SOLE 36448 0 0
MERRILL LYNCH & CO INC COM 590188108 8580 181100 SH SOLE 181100 0 0
MEYER FRED INC DEL NEW COM 592907109 2266 58300 SH SOLE 58300 0 0
MICROSOFT CORP COM 594918104 48237 438268 SH SOLE 438268 0 0
MICRON TECHNOLOGY INC COM 595112103 3034 99672 SH SOLE 99672 0 0
MIDAMERICAN ENERGY HLDGS CO COM 595920109 1962 74200 SH SOLE 74200 0 0
MILLENNIUM CHEMICALS INC COM 599903101 425 22800 SH SOLE 22800 0 0
MILLER HERMAN INC COM 600544100 1098 55600 SH SOLE 55600 0 0
MILLIPORE CORP COM 601073109 551 28900 SH SOLE 28900 0 0
MINNESOTA MNG & MFG CO COM 604059105 16132 218919 SH SOLE 218919 0 0
MIRAGE RESORTS INC COM 60462E104 1809 108000 SH SOLE 108000 0 0
MITCHELL ENERGY & DEV CORP CL A 606592202 137 10790 SH SOLE 10790 0 0
MOBIL CORP COM 607059102 34418 453238 SH SOLE 453238 0 0
<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MOHAWK INDS INC COM 608190104 416 15200 SH SOLE 15200 0 0
MOLEX INC COM 608554101 859 29638 SH SOLE 29638 0 0
MONSANTO CO COM 611662107 18840 334190 SH SOLE 334190 0 0
MONTANA POWER CO COM 612085100 1855 41500 SH SOLE 41500 0 0
MORGAN J P & CO INC COM 616880100 8752 103425 SH SOLE 103425 0 0
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446448 12855 298525 SH SOLE 298525 0 0
MORTON INTL INC IND NEW COM 619335102 1703 77829 SH SOLE 77829 0 0
MOTOROLA INC COM 620076109 14329 335680 SH SOLE 335680 0 0
MURPHY OIL CORP COM 626717102 1255 32400 SH SOLE 32400 0 0
MYLAN LABS INC COM 628530107 2229 75550 SH SOLE 75550 0 0
NCR CORP NEW COM 62886E108 1907 66324 SH SOLE 66324 0 0
NIPSCO INDS INC COM 629140104 2744 83470 SH SOLE 83470 0 0
NABISCO HLDGS CORP CL A 629526104 557 15500 SH SOLE 15500 0 0
NABORS INDS INC COM 629568106 983 64700 SH SOLE 64700 0 0
NALCO CHEM CO COM 629853102 1714 58094 SH SOLE 58094 0 0
NATIONAL CITY CORP COM 635405103 9113 138200 SH SOLE 138200 0 0
NATIONAL COMM BANCORP COM 635449101 323 19600 SH SOLE 19600 0 0
NATIONAL FUEL GAS CO N J COM 636180101 498 10600 SH SOLE 10600 0 0
NATIONAL SEMICONDUCTOR CORP COM 637640103 1001 103300 SH SOLE 103300 0 0
NATIONAL SVC INDS INC COM 637657107 728 22850 SH SOLE 22850 0 0
NATIONSBANK CORP COM 638585109 29144 544747 SH SOLE 544747 0 0
NAVISTAR INTL CORP NEW COM 63934E108 1080 47726 SH SOLE 47726 0 0
NEIMAN MARCUS GROUP INC COM 640204103 378 17500 SH SOLE 17500 0 0
NETWORKS ASSOCS INC COM 640938106 1844 51943 SH SOLE 51943 0 0
NETSCAPE COMMUNICATIONS CORP COM 641149109 806 36867 SH SOLE 36867 0 0
NEW CENTURY ENERGIES INC COM 64352U103 3194 65608 SH SOLE 65608 0 0
NEW ENGLAND ELEC SYS COM 644001109 1722 41500 SH SOLE 41500 0 0
NEW YORK TIMES CO CL A 650111107 2530 92000 SH SOLE 92000 0 0
NEWELL CO COM 651192106 4419 95930 SH SOLE 95930 0 0
NEWMONT GOLD CO COM 651637100 235 9200 SH SOLE 9200 0 0
NEWMONT MINING CORP COM 651639106 2211 91184 SH SOLE 91184 0 0
NEXTEL COMMUNICATIONS INC CL A 65332V103 1768 87584 SH SOLE 87584 0 0
NEXTLINK COMMUNICATIONS INC CL A 65333H707 633 27100 SH SOLE 27100 0 0
NIAGARA MOHAWK PWR CORP COM 653522102 1382 89900 SH SOLE 89900 0 0
NIELSEN MEDIA RESH INC COM NEW 653929307 363 35443 SH SOLE 35443 0 0
NICOR INC COM 654086107 1450 35000 SH SOLE 35000 0 0
NIKE INC CL B 654106103 2200 59772 SH SOLE 59772 0 0
NOBLE AFFILIATES INC COM 654894104 1096 34400 SH SOLE 34400 0 0
NOBLE DRILLING CORP COM 655042109 1245 84434 SH SOLE 84434 0 0
NORDSTROM INC COM 655664100 1457 58878 SH SOLE 58878 0 0
NORFOLK SOUTHERN CORP COM 655844108 6716 231100 SH SOLE 231100 0 0
NORTH FORK BANCORPORATION NY COM 659424105 1218 60900 SH SOLE 60900 0 0
NORTHEAST UTILS COM 664397106 1487 88800 SH SOLE 88800 0 0
NORTHN STS PWR CO MINN COM 665772109 2573 91700 SH SOLE 91700 0 0
NORTHERN TELECOM LTD COM 665815106 2348 73369 SH SOLE 73369 0 0
NORTHERN TR CORP COM 665859104 5167 75700 SH SOLE 75700 0 0
NORTHROP GRUMMAN CORP COM 666807102 2492 34140 SH SOLE 34140 0 0
NORTHWEST AIRLS CORP CL A 667280101 689 27502 SH SOLE 27502 0 0
NORWEST CORP COM 669380107 16403 458026 SH SOLE 458026 0 0
NOVELL INC COM 670006105 2526 206213 SH SOLE 206213 0 0
<PAGE> PAGE 14
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NUCOR CORP COM 670346105 2065 50836 SH SOLE 50836 0 0
OGE ENERGY CORP COM 670837103 1663 57600 SH SOLE 57600 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 4525 210487 SH SOLE 210487 0 0
OCEAN ENERGY INC COM NEW 674812201 464 35363 SH SOLE 35363 0 0
OFFICEMAX INC COM 67622M108 375 38200 SH SOLE 38200 0 0
OFFICE DEPOT INC COM 676220106 3393 151200 SH SOLE 151200 0 0
OHIO CAS CORP COM 677240103 1523 39300 SH SOLE 39300 0 0
OLD KENT FINL CORP COM 679833103 865 29190 SH SOLE 29190 0 0
OLD REP INTL CORP COM 680223104 2074 92164 SH SOLE 92164 0 0
OLIN CORP COM PAR $1 680665205 1088 37934 SH SOLE 37934 0 0
OMNICARE INC COM 681904108 1935 54900 SH SOLE 54900 0 0
OMNICOM GROUP INC COM 681919106 2799 62200 SH SOLE 62200 0 0
ORACLE CORP COM 68389X105 12472 428237 SH SOLE 428237 0 0
ORBITAL SCIENCES CORP COM 685564106 558 19900 SH SOLE 19900 0 0
ORYX ENERGY COMPANY COM 68763F100 1056 81600 SH SOLE 81600 0 0
OUTBACK STEAKHOUSE INC COM 689899102 364 13800 SH SOLE 13800 0 0
OUTDOOR SYS INC COM 690057104 889 45600 SH SOLE 45600 0 0
OWENS CORNING COM 69073F103 1104 33900 SH SOLE 33900 0 0
OWENS ILL INC COM NEW 690768403 1833 73326 SH SOLE 73326 0 0
PECO ENERGY CO COM 693304107 4720 129100 SH SOLE 129100 0 0
PG&E CORP COM 69331C108 6566 205591 SH SOLE 205591 0 0
PMI GROUP INC COM 69344M101 307 6700 SH SOLE 6700 0 0
PNC BK CORP COM 693475105 8271 183806 SH SOLE 183806 0 0
P P & L RES INC COM 693499105 2463 95200 SH SOLE 95200 0 0
PPG INDS INC COM 693506107 5418 99290 SH SOLE 99290 0 0
PACCAR INC COM 693718108 1522 36950 SH SOLE 36950 0 0
PACIFIC CENTY FINL CORP COM 694058108 1124 67360 SH SOLE 67360 0 0
PACIFICARE HEALTH SYS DEL CL B 695112201 1724 23138 SH SOLE 23138 0 0
PACIFICORP COM 695114108 3338 173992 SH SOLE 173992 0 0
PAGING NETWORK INC COM 695542100 205 34000 SH SOLE 34000 0 0
PAINE WEBBER GROUP INC COM 695629105 1970 65675 SH SOLE 65675 0 0
PALL CORP COM 696429307 1842 83010 SH SOLE 83010 0 0
PANAMSAT CORP NEW COM 697933109 809 19700 SH SOLE 19700 0 0
PARAMETRIC TECHNOLOGY CORP COM 699173100 1514 150500 SH SOLE 150500 0 0
PARKER HANNIFIN CORP COM 701094104 2024 68175 SH SOLE 68175 0 0
PATRIOT AMERN HOSPITALITY DEL PAIRED CTF 703352203 611 47900 SH SOLE 47900 0 0
PAYCHEX INC COM 704326107 3496 67800 SH SOLE 67800 0 0
PAYLESS SHOESOURCE INC COM 704379106 1049 25355 SH SOLE 25355 0 0
PENNEY J C INC COM 708160106 5629 125264 SH SOLE 125264 0 0
PENTAIR INC COM 709631105 264 8200 SH SOLE 8200 0 0
PENNZOIL CO COM 709903108 1325 37800 SH SOLE 37800 0 0
PEOPLES BK BRIDGEPORT CONN COM 710198102 390 15900 SH SOLE 15900 0 0
PEOPLESOFT INC COM 712713106 2770 84900 SH SOLE 84900 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 583 43600 SH SOLE 43600 0 0
PEPSICO INC COM 713448108 24297 825360 SH SOLE 825360 0 0
PERKIN ELMER CORP COM 714041100 1931 28111 SH SOLE 28111 0 0
PHARMACIA & UPJOHN INC COM 716941109 14677 292436 SH SOLE 292436 0 0
PFIZER INC COM 717081103 78120 737419 SH SOLE 737419 0 0
PHELPS DODGE CORP COM 717265102 1764 33810 SH SOLE 33810 0 0
PHILIP MORRIS COS INC COM 718154107 62707 1361343 SH SOLE 1361343 0 0
<PAGE> PAGE 15
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PHILLIPS PETE CO COM 718507106 5624 124623 SH SOLE 124623 0 0
PIER 1 IMPORTS INC COM 720279108 186 24750 SH SOLE 24750 0 0
PINNACLE WEST CAP CORP COM 723484101 2514 56104 SH SOLE 56104 0 0
PIONEER HI BRED INTL INC COM 723686101 3076 117200 SH SOLE 117200 0 0
PIONEER NAT RES CO COM 723787107 513 36500 SH SOLE 36500 0 0
PITNEY BOWES INC COM 724479100 8757 160502 SH SOLE 160502 0 0
PITTSTON CO COM BRINKS GRP 725701106 1034 29542 SH SOLE 29542 0 0
PLATINUM TECHNOLOGY INC COM 72764T101 556 30900 SH SOLE 30900 0 0
POLAROID CORP COM 731095105 591 24045 SH SOLE 24045 0 0
POPULAR INC COM 733174106 2860 100800 SH SOLE 100800 0 0
POTOMAC ELEC PWR CO COM 737679100 1866 70400 SH SOLE 70400 0 0
PRAXAIR INC COM 74005P104 2994 91600 SH SOLE 91600 0 0
PREMARK INTL INC COM 740459102 993 35400 SH SOLE 35400 0 0
PRICE T ROWE & ASSOCIATES COM 741477103 1924 65484 SH SOLE 65484 0 0
PRIMEDIA INC COM 74157K101 362 33300 SH SOLE 33300 0 0
PROCTER & GAMBLE CO COM 742718109 53054 747894 SH SOLE 747894 0 0
PROGRESSIVE CORP OHIO COM 743315103 3168 28100 SH SOLE 28100 0 0
PROLOGIS TR SH BEN INT 743410102 346 15300 SH SOLE 15300 0 0
PROMUS HOTEL CORP NEW COM 74342P106 1617 58677 SH SOLE 58677 0 0
PROTECTIVE LIFE CORP COM 743674103 1678 46600 SH SOLE 46600 0 0
PROVIDENT COS INC COM 743862104 672 19900 SH SOLE 19900 0 0
PROVIDENT FINL GROUP INC COM 743866105 476 11900 SH SOLE 11900 0 0
PROVIDIAN FINL CORP COM 74406A102 4560 53769 SH SOLE 53769 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4714 119900 SH SOLE 119900 0 0
PUBLIC STORAGE INC COM 74460D109 614 22900 SH SOLE 22900 0 0
PUGET SOUND ENERGY INC COM 745332106 533 19200 SH SOLE 19200 0 0
QUAKER OATS CO COM 747402105 4797 81300 SH SOLE 81300 0 0
QUALCOMM INC COM 747525103 1772 36970 SH SOLE 36970 0 0
QUANTUM CORP COM 747906105 1248 78600 SH SOLE 78600 0 0
QUESTAR CORP COM 748356102 1143 59400 SH SOLE 59400 0 0
QUINTILES TRANSNATIONAL CORP COM 748767100 1627 37200 SH SOLE 37200 0 0
QUORUM HEALTH GROUP INC COM 749084109 353 21750 SH SOLE 21750 0 0
R & B FALCON CORP COM 74912E101 1167 97262 SH SOLE 97262 0 0
QWEST COMMUNICATIONS INTL INC COM 749121109 1040 33207 SH SOLE 33207 0 0
R H DONNELLEY CORP COM NEW 74955W307 238 19246 SH SOLE 19246 0 0
RJR NABISCO HOLDINGS CORP COM NEW 74960K876 4969 197298 SH SOLE 197298 0 0
RPM INC OHIO COM 749685103 1064 73712 SH SOLE 73712 0 0
RALSTON PURINA CO COM RAL-PUR GP 751277302 4817 164684 SH SOLE 164684 0 0
RAYCHEM CORP DEL COM 754603108 1260 51700 SH SOLE 51700 0 0
RAYTHEON CO CL B 755111408 7621 141301 SH SOLE 141301 0 0
READERS DIGEST ASSN INC CL A NON VTG 755267101 1118 58476 SH SOLE 58476 0 0
REEBOK INTL LTD COM 758110100 518 38200 SH SOLE 38200 0 0
REGIONS FINL CORP COM 758940100 4058 111953 SH SOLE 111953 0 0
RELIANCE GROUP HOLDINGS INC COM 759464100 1059 75300 SH SOLE 75300 0 0
RELIASTAR FINL CORP COM 75952U103 2231 57216 SH SOLE 57216 0 0
RELTEC CORP COM 759527104 437 29600 SH SOLE 29600 0 0
REPUBLIC INDS INC COM 760516104 3300 226600 SH SOLE 226600 0 0
REPUBLIC N Y CORP COM 760719104 2994 75800 SH SOLE 75800 0 0
REXALL SUNDOWN INC COM 761648104 184 11900 SH SOLE 11900 0 0
REYNOLDS & REYNOLDS CO CL A 761695105 335 18800 SH SOLE 18800 0 0
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
REYNOLDS METALS CO COM 761763101 2217 43637 SH SOLE 43637 0 0
RITE AID CORP COM 767754104 5350 150700 SH SOLE 150700 0 0
ROBERT HALF INTL INC COM 770323103 2542 58850 SH SOLE 58850 0 0
ROCHESTER GAS & ELEC CORP COM 771367109 1428 45700 SH SOLE 45700 0 0
ROCKWELL INTL CORP NEW COM 773903109 3296 91248 SH SOLE 91248 0 0
ROHM & HAAS CO COM 775371107 2520 90600 SH SOLE 90600 0 0
ROSS STORES INC COM 778296103 890 31100 SH SOLE 31100 0 0
ROUSE CO COM 779273101 1603 59500 SH SOLE 59500 0 0
ROWAN COS INC COM 779382100 582 52000 SH SOLE 52000 0 0
RUBBERMAID INC COM 781088109 2111 88178 SH SOLE 88178 0 0
RYDER SYS INC COM 783549108 1512 60791 SH SOLE 60791 0 0
SBC COMMUNICATIONS INC COM 78387G103 46192 1039489 SH SOLE 1039489 0 0
SCI SYS INC COM 783890106 1016 37700 SH SOLE 37700 0 0
SLM HLDG CORP COM 78442A109 3027 93313 SH SOLE 93313 0 0
SABRE GROUP HLDGS INC CL A 785905100 1026 34200 SH SOLE 34200 0 0
SAFECO CORP COM 786429100 3343 80200 SH SOLE 80200 0 0
SAFESKIN CORP COM 786454108 439 13900 SH SOLE 13900 0 0
SAFEWAY INC COM NEW 786514208 12660 273000 SH SOLE 273000 0 0
ST JUDE MED INC COM 790849103 352 15215 SH SOLE 15215 0 0
ST PAUL COS INC COM 792860108 4841 148966 SH SOLE 148966 0 0
SANMINA CORP COM 800907107 503 17900 SH SOLE 17900 0 0
SARA LEE CORP COM 803111103 14363 265975 SH SOLE 265975 0 0
SCANA CORP COM 805898103 2319 69100 SH SOLE 69100 0 0
SCHERING PLOUGH CORP COM 806605101 43184 416982 SH SOLE 416982 0 0
SCHLUMBERGER LTD COM 806857108 1241 24662 SH SOLE 24662 0 0
SCHWAB CHARLES CORP NEW COM 808513105 4546 115450 SH SOLE 115450 0 0
SCIENTIFIC ATLANTA INC COM 808655104 972 46000 SH SOLE 46000 0 0
SCRIPPS E W CO OHIO CL A 811054204 1021 23470 SH SOLE 23470 0 0
SEAGATE TECHNOLOGY COM 811804103 3489 139200 SH SOLE 139200 0 0
SEALED AIR CORP NEW COM 81211K100 1163 36490 SH SOLE 36490 0 0
SEALED AIR CORP NEW PFD CV A $2 81211K209 794 21969 SH SOLE 21969 0 0
SEARS ROEBUCK & CO COM 812387108 9561 216376 SH SOLE 216376 0 0
SEMPRA ENERGY COM 816851109 4352 166994 SH SOLE 166994 0 0
SERVICE CORP INTL COM 817565104 4893 153500 SH SOLE 153500 0 0
SERVICEMASTER CO COM 81760N109 1824 83400 SH SOLE 83400 0 0
SHARED MED SYS CORP COM 819486101 410 7700 SH SOLE 7700 0 0
SHAW INDS INC COM 820286102 1178 72500 SH SOLE 72500 0 0
SHERWIN WILLIAMS CO COM 824348106 1906 88148 SH SOLE 88148 0 0
SIEBEL SYS INC COM 826170102 849 29600 SH SOLE 29600 0 0
SIGMA ALDRICH CORP COM 826552101 1809 62660 SH SOLE 62660 0 0
SILICON GRAPHICS INC COM 827056102 1087 115962 SH SOLE 115962 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 297 18300 SH SOLE 18300 0 0
SMITH INTL INC COM 832110100 713 26000 SH SOLE 26000 0 0
SNYDER COMMUNICATIONS INC COM 832914105 345 10300 SH SOLE 10300 0 0
SNAP ON INC COM 833034101 1249 40550 SH SOLE 40550 0 0
SOFAMOR/DANEK GROUP INC COM 834005100 1326 14900 SH SOLE 14900 0 0
SOLECTRON CORP COM 834182107 2414 50300 SH SOLE 50300 0 0
SOLUTIA INC COM 834376105 1654 73298 SH SOLE 73298 0 0
SONAT INC COM 835415100 1539 51499 SH SOLE 51499 0 0
SONOCO PRODS CO COM 835495102 1568 65351 SH SOLE 65351 0 0
<PAGE> PAGE 17
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SOUTHDOWN INC COM 841297104 293 6500 SH SOLE 6500 0 0
SOUTHERN CO COM 842587107 11017 374245 SH SOLE 374245 0 0
SOUTHERN NEW ENGLAND TELECOM COM 843485103 3879 49657 SH SOLE 49657 0 0
SOUTHLAND CORP COM NEW 844436402 52 20600 SH SOLE 20600 0 0
SOUTHTRUST CORP COM 844730101 3686 105500 SH SOLE 105500 0 0
SOUTHWEST AIRLS CO COM 844741108 3861 193027 SH SOLE 193027 0 0
SPIEKER PPTYS INC COM 848497103 1121 30490 SH SOLE 30490 0 0
SPRINT CORP COM 852061100 14351 199326 SH SOLE 199326 0 0
STANLEY WKS COM 854616109 1180 39678 SH SOLE 39678 0 0
STAPLES INC COM 855030102 4571 155605 SH SOLE 155605 0 0
STAR BANC CORP COM 855083101 4536 68600 SH SOLE 68600 0 0
STARBUCKS CORP COM 855244109 1824 50400 SH SOLE 50400 0 0
STARWOOD HOTELS & RESORTS COMBND CTF NEW 855905204 2827 92687 SH SOLE 92687 0 0
STATE STR CORP COM 857477103 5796 106234 SH SOLE 106234 0 0
STERIS CORP COM 859152100 1346 47648 SH SOLE 47648 0 0
STERLING COMM INC COM 859205106 1945 56171 SH SOLE 56171 0 0
STERLING SOFTWARE INC COM 859547101 1263 45840 SH SOLE 45840 0 0
STEWART ENTERPRISES INC CL A 860370105 456 27200 SH SOLE 27200 0 0
STONE CONTAINER CORP COM 861589109 498 57700 SH SOLE 57700 0 0
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 1661 65300 SH SOLE 65300 0 0
STRYKER CORP COM 863667101 1578 46400 SH SOLE 46400 0 0
SUMMIT BANCORP COM 866005101 4007 106850 SH SOLE 106850 0 0
SUN INC COM 866762107 1418 44300 SH SOLE 44300 0 0
SUN MICROSYSTEMS INC COM 866810104 10757 215956 SH SOLE 215956 0 0
SUNAMERICA INC COM 866930100 5691 93300 SH SOLE 93300 0 0
SUNBEAM CORP COM 867071102 260 37101 SH SOLE 37101 0 0
SUNDSTRAND CORP COM 867323107 1744 37600 SH SOLE 37600 0 0
SUNGARD DATA SYS INC COM 867363103 1008 32000 SH SOLE 32000 0 0
SUNTRUST BKS INC COM 867914103 7786 125580 SH SOLE 125580 0 0
SUPERVALU INC COM 868536103 2858 122600 SH SOLE 122600 0 0
SYBRON INTL CORP COM 87114F106 539 28200 SH SOLE 28200 0 0
SYMBOL TECHNOLOGIES INC COM 871508107 1062 20700 SH SOLE 20700 0 0
SYNOPSYS INC COM 871607107 1003 30100 SH SOLE 30100 0 0
SYNOVUS FINL CORP COM 87161C105 1475 74700 SH SOLE 74700 0 0
SYSCO CORP COM 871829107 4721 200382 SH SOLE 200382 0 0
TCA CABLE TV INC COM 872241104 281 10000 SH SOLE 10000 0 0
TCF FINL CORP COM 872275102 578 29100 SH SOLE 29100 0 0
TECO ENERGY INC COM 872375100 2399 84000 SH SOLE 84000 0 0
TJX COS INC NEW COM 872540109 3340 187524 SH SOLE 187524 0 0
TRW INC COM 872649108 3273 73752 SH SOLE 73752 0 0
TANDY CORP COM 875382103 3280 61300 SH SOLE 61300 0 0
TECH DATA CORP COM 878237106 1362 27200 SH SOLE 27200 0 0
TEKTRONIX INC COM 879131100 227 14650 SH SOLE 14650 0 0
TELE COMMUNICATIONS INC NEW COM TCI GRP A 87924V101 11660 298009 SH SOLE 298009 0 0
TELE COMMUNICATIONS INC NEW COM LIB GRP A 87924V507 7099 193495 SH SOLE 193495 0 0
TELE COMMUNICATIONS INC NEW COM TCI VENT A 87924V887 190 10600 SH SOLE 10600 0 0
TELEFLEX INC COM 879369106 284 8100 SH SOLE 8100 0 0
TELEPHONE & DATA SYS INC COM 879433100 1252 35900 SH SOLE 35900 0 0
TELLABS INC COM 879664100 3643 91500 SH SOLE 91500 0 0
TEMPLE INLAND INC COM 879868107 1680 35093 SH SOLE 35093 0 0
<PAGE> PAGE 18
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TENET HEALTHCARE CORP COM 88033G100 5138 178711 SH SOLE 178711 0 0
TENNECO INC NEW COM 88037E101 3448 104870 SH SOLE 104870 0 0
TERADYNE INC COM 880770102 914 50102 SH SOLE 50102 0 0
TEXACO INC COM 881694103 18540 295754 SH SOLE 295754 0 0
TEXAS INSTRS INC COM 882508104 11566 219268 SH SOLE 219268 0 0
TEXAS UTILS CO COM 882848104 6046 129849 SH SOLE 129849 0 0
TEXTRON INC COM 883203101 4799 79164 SH SOLE 79164 0 0
THERMO ELECTRON CORP COM 883556102 1399 92912 SH SOLE 92912 0 0
THOMAS & BETTS CORP COM 884315102 1389 36500 SH SOLE 36500 0 0
3COM CORP COM 885535104 5972 198650 SH SOLE 198650 0 0
TIDEWATER INC COM 886423102 749 36100 SH SOLE 36100 0 0
TIFFANY & CO NEW COM 886547108 700 22300 SH SOLE 22300 0 0
TIME WARNER INC COM 887315109 23159 264483 SH SOLE 264483 0 0
TIMES MIRROR CO NEW COM SER A 887364107 2205 41500 SH SOLE 41500 0 0
TIMKEN CO COM 887389104 509 33648 SH SOLE 33648 0 0
TORCHMARK CORP COM 891027104 2965 82500 SH SOLE 82500 0 0
TOSCO CORP COM NEW 891490302 2038 94804 SH SOLE 94804 0 0
TOTAL RENAL CARE HLDGS INC COM 89151A107 567 23633 SH SOLE 23633 0 0
TOYS R US INC COM 892335100 2587 159831 SH SOLE 159831 0 0
TRANSAMERICA CORP COM 893485102 5261 49634 SH SOLE 49634 0 0
TRANSATLANTIC HLDGS INC COM 893521104 240 2900 SH SOLE 2900 0 0
TRANSOCEAN OFFSHORE INC COM 893817106 1235 35600 SH SOLE 35600 0 0
TRAVELERS PPTY CAS CORP CL A 893939108 524 16400 SH SOLE 16400 0 0
TRAVELERS GROUP INC COM 894190107 24844 662510 SH SOLE 662510 0 0
TRICON GLOBAL RESTAURANTS COM 895953107 3271 83862 SH SOLE 83862 0 0
TRIBUNE CO NEW COM 896047107 3346 66500 SH SOLE 66500 0 0
TRINITY INDS INC COM 896522109 417 12850 SH SOLE 12850 0 0
TRUE NORTH COMMUNICATIONS INC COM 897844106 233 10500 SH SOLE 10500 0 0
TUPPERWARE CORP COM 899896104 389 33100 SH SOLE 33100 0 0
20TH CENTY INDS CAL COM PAR $10 901272203 625 24400 SH SOLE 24400 0 0
TYSON FOODS INC CL A 902494103 1664 83742 SH SOLE 83742 0 0
UAL CORP COM PAR $0.01 902549500 1137 17548 SH SOLE 17548 0 0
UCAR INTL INC COM 90262K109 334 18560 SH SOLE 18560 0 0
USX MARATHON GROUP COM NEW 902905827 6305 177909 SH SOLE 177909 0 0
UST INC COM 902911106 3362 113742 SH SOLE 113742 0 0
US BANCORP DEL COM 902973106 15493 435648 SH SOLE 435648 0 0
USA NETWORKS INC COM 902984103 1193 61400 SH SOLE 61400 0 0
UNUM CORP COM 903192102 4077 82060 SH SOLE 82060 0 0
U S G CORP COM NEW 903293405 1505 34800 SH SOLE 34800 0 0
USX-U S STL COM 90337T101 1270 53200 SH SOLE 53200 0 0
ULTRAMAR DIAMOND SHAMROCK CORP COM 904000106 535 23500 SH SOLE 23500 0 0
UNIFI INC COM 904677101 256 16600 SH SOLE 16600 0 0
UNICOM CORP COM 904911104 4887 130768 SH SOLE 130768 0 0
UNION CAMP CORP COM 905530101 1721 43700 SH SOLE 43700 0 0
UNION CARBIDE CORP COM 905581104 3083 71500 SH SOLE 71500 0 0
UNION PAC CORP COM 907818108 5421 127175 SH SOLE 127175 0 0
UNION PAC RES GROUP INC COM 907834105 1883 152934 SH SOLE 152934 0 0
UNION PLANTERS CORP COM 908068109 824 16400 SH SOLE 16400 0 0
UNIONBANCAL CORP COM 908906100 304 3500 SH SOLE 3500 0 0
UNIPHASE CORP COM 909149106 767 18700 SH SOLE 18700 0 0
<PAGE> PAGE 19
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
UNISYS CORP COM 909214108 3285 144400 SH SOLE 144400 0 0
UNITED ASSET MGMT CORP COM 909420101 355 16500 SH SOLE 16500 0 0
UNITED HEALTHCARE CORP COM 910581107 3637 103925 SH SOLE 103925 0 0
UNITED STATES CELLULAR CORP COM 911684108 578 19400 SH SOLE 19400 0 0
UNITED STATES FILTER CORP NEW COM NEW 911843209 1064 66500 SH SOLE 66500 0 0
US AIRWAYS GROUP INC COM 911905107 2729 53900 SH SOLE 53900 0 0
U S INDS INC NEW COM 912080108 332 22050 SH SOLE 22050 0 0
UNITED STATES SURGICAL CORP COM 912707106 2147 51503 SH SOLE 51503 0 0
U S WEST INC NEW COM 91273H101 12266 233911 SH SOLE 233911 0 0
UNITED TECHNOLOGIES CORP COM 913017109 11009 144032 SH SOLE 144032 0 0
UNITRIN INC COM 913275103 1515 23600 SH SOLE 23600 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 956 22900 SH SOLE 22900 0 0
UNIVISION COMMUNICATIONS INC CL A 914906102 247 8300 SH SOLE 8300 0 0
UNOCAL CORP COM 915289102 5500 151720 SH SOLE 151720 0 0
UTILICORP UTD INC COM 918005109 630 16000 SH SOLE 16000 0 0
V F CORP COM 918204108 2435 65600 SH SOLE 65600 0 0
VALHI INC NEW COM 918905100 238 17800 SH SOLE 17800 0 0
VALERO ENERGY CORP NEW COM 91913Y100 604 30400 SH SOLE 30400 0 0
VALLEY NATL BANCORP COM 919794107 1254 47988 SH SOLE 47988 0 0
VARCO INTL INC COM 922126107 88 10500 SH SOLE 10500 0 0
VARIAN ASSOC INC COM 922204102 793 22487 SH SOLE 22487 0 0
VASTAR RES INC COM 922380100 641 14240 SH SOLE 14240 0 0
VENCOR INC NEW COM 92260R102 91 22800 SH SOLE 22800 0 0
VENATOR GROUP INC COM 922944103 751 86500 SH SOLE 86500 0 0
VERITAS SOFTWARE CO COM 923436109 1586 28700 SH SOLE 28700 0 0
VIAD CORP COM 92552R109 2400 89500 SH SOLE 89500 0 0
VIACOM INC CL B 925524308 8792 151582 SH SOLE 151582 0 0
VITESSE SEMICONDUCTOR CORP COM 928497106 1018 43100 SH SOLE 43100 0 0
VORNADO RLTY TR SH BEN INT 929042109 1146 34600 SH SOLE 34600 0 0
VULCAN MATLS CO COM 929160109 2236 22100 SH SOLE 22100 0 0
WACHOVIA CORP COM 929771103 10674 125203 SH SOLE 125203 0 0
WAL MART STORES INC COM 931142103 42611 780067 SH SOLE 780067 0 0
WALGREEN CO COM 931422109 12745 289240 SH SOLE 289240 0 0
WARNACO GROUP INC CL A 934390105 365 15800 SH SOLE 15800 0 0
WARNER LAMBERT CO COM 934488107 35115 465103 SH SOLE 465103 0 0
WASHINGTON FED INC COM 938824109 623 24930 SH SOLE 24930 0 0
WASHINGTON MUT INC COM 939322103 7351 217800 SH SOLE 217800 0 0
WASHINGTON POST CO CL B 939640108 2708 5300 SH SOLE 5300 0 0
WASTE MGMT INC DEL COM 94106L109 15179 315808 SH SOLE 315808 0 0
WATERS CORP COM 941848103 724 10800 SH SOLE 10800 0 0
WATSON PHARMACEUTICALS INC COM 942683103 2735 53900 SH SOLE 53900 0 0
WELLPOINT HEALTH NETWORK NEW COM 94973H108 1205 21500 SH SOLE 21500 0 0
WELLS FARGO & CO DEL COM 949740104 16108 45376 SH SOLE 45376 0 0
WENDYS INTL INC COM 950590109 1597 72000 SH SOLE 72000 0 0
WESCO FINL CORP COM 950817106 562 1900 SH SOLE 1900 0 0
WESTERN DIGITAL CORP COM 958102105 562 52300 SH SOLE 52300 0 0
WESTERN RES INC COM 959425109 1912 46200 SH SOLE 46200 0 0
WESTPOINT STEVENS INC COM 961238102 955 31310 SH SOLE 31310 0 0
WESTVACO CORP COM 961548104 1584 66005 SH SOLE 66005 0 0
WEYERHAEUSER CO COM 962166104 4890 115902 SH SOLE 115902 0 0
<PAGE> PAGE 20
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WHIRLPOOL CORP COM 963320106 1959 41675 SH SOLE 41675 0 0
WHITMAN CORP COM 96647K102 1116 70000 SH SOLE 70000 0 0
WHOLE FOODS MKT INC COM 966837106 438 10400 SH SOLE 10400 0 0
WILLAMETTE INDS INC COM 969133107 1994 69500 SH SOLE 69500 0 0
WILLIAMS COS INC DEL COM 969457100 7059 245539 SH SOLE 245539 0 0
WILLIAMS SONOMA INC COM 969904101 275 12900 SH SOLE 12900 0 0
WILMINGTON TRUST CORP COM 971807102 442 8500 SH SOLE 8500 0 0
WINN DIXIE STORES INC COM 974280109 2146 57700 SH SOLE 57700 0 0
WISCONSIN ENERGY CORP COM 976657106 2197 69600 SH SOLE 69600 0 0
WITCO CORP COM 977385103 837 39877 SH SOLE 39877 0 0
WORTHINGTON INDS INC COM 981811102 758 60650 SH SOLE 60650 0 0
WRIGLEY WM JR CO COM 982526105 3782 49800 SH SOLE 49800 0 0
XILINX INC COM 983919101 1369 39100 SH SOLE 39100 0 0
XEROX CORP COM 984121103 16390 193390 SH SOLE 193390 0 0
YAHOO INC COM 984332106 4921 38000 SH SOLE 38000 0 0
YORK INTL CORP NEW COM 986670107 911 27300 SH SOLE 27300 0 0
ZIONS BANCORPORATION COM 989701107 1947 47700 SH SOLE 47700 0 0
REPORT SUMMARY 917 DATA RECORDS 4725955 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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