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 Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Standish, Ayer & Wood
Address: One Financial Center
Suite 26
Boston, MA 02111-2662
13F File Number: 028-04303
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.
Person Signing this Report on Behalf of Reporting Manager:
Name: Beverly Banfield
Title: Compliance Officer
Phone: 617-350-6100
Signature, Place, and Date of Signing:
Beverly Banfield Boston, MA June 30, 1999
- ---------------- ------------- -------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Standish International Management Company, L.P.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 479
Form 13F Information Table Value Total: $3,226,865,000
List of Other Included Managers:
No. 13F File Number Name
- --- --------------- ----
01 N/A Standish International Management Company, L.P.
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
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Name of Issuer Title of Class CUSIP VALUE Shares or SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
X(1000) Prn Amt PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 800 FLOWERS COM CL A 68243Q106 5376 372,400 SH SOLE 372,400 0 0
24 / 7 MEDIA INC COM 901314104 3545 93,600 SH SOLE 93,600 0 0
A D C TELECOMMUNICATIONS COM 000886101 287 6,855 SH SOLE 6,855 0 0
ABACUS DIRECT CORP COM 002553105 8848 72,600 SH SOLE 72,600 0 0
ABBOTT LABS COM 002824100 17176 467,380 SH SOLE 467,380 0 0
ACE LTD ORD G0070K103 1324 78,200 SH SOLE 78,200 0 0
ADAC LABS COM NEW 005313200 4203 428,300 SH SOLE 428,300 0 0
ADAPTEC INC COM 00651F108 1147 28,900 SH SOLE 28,900 0 0
ADOBE SYS INC COM 00724F101 624 5,500 SH SOLE 5,500 0 0
ADT OPERATIONS LYON ZERO CPN 10 000945AC9 561 200,000 PRN SOLE 0 0 200,000
AES CORP JR SBDB CV4.5%05 00130HAN5 127 100,000 PRN SOLE 0 0 100,000
AFFILIATED COMPUTER SERVICES SB NT CV 4%05 008190AD2 113 100,000 PRN SOLE 0 0 100,000
AHL SVCS INC COM 001296102 1147 44,000 SH SOLE 44,000 0 0
AIR PRODS & CHEMS INC COM 009158106 284 9,700 SH SOLE 9,700 0 0
ALBERTSONS INC COM 013104104 2477 62,606 SH SOLE 62,606 0 0
ALCOA INC COM 013817101 621 10,000 SH SOLE 10,000 0 0
ALKERMES INC COM 01642T108 4335 150,450 SH SOLE 150,450 0 0
ALLlEDSIGNAL INC COM 019512102 9033 150,700 SH SOLE 150,700 0 0
ALLSTATE CORP COM 020002101 2264 90,786 SH SOLE 90,786 0 0
AMBAC FINL GROUP INC COM 023139108 14295 301,750 SH SOLE 301,750 0 0
AMERICAN EXPRESS CO COM 025816109 202 1,498 SH SOLE 1,498 0 0
AMERICAN GENERAL CORP COM 026351106 3154 49,864 SH SOLE 49,864 0 0
AMERICAN HOME PRODS CORP COM 026609107 3285 79,149 SH SOLE 79,149 0 0
AMERICAN INTL GROUP INC COM 026874107 1285 14,785 SH SOLE 14,785 0 0
AMERICAN PWR CONVERSION CORP COM 029066107 29741 1,565,300 SH SOLE 1,565,300 0 0
AMERICREDIT CORP COM 03060R101 9584 641,600 SH SOLE 641,600 0 0
AMERISOURCE HEALTH CORP CL A 03071P102 7900 333,500 SH SOLE 333,500 0 0
AMERITECH CORP NEW COM 030954101 9553 143,110 SH SOLE 143,110 0 0
AMES DEPT STORES INC COM NEW 030789507 312 9,800 SH SOLE 9,800 0 0
AMGEN INC COM 031162100 37223 456,720 SH SOLE 456,720 0 0
AMSOUTH BANCORPORATION COM 032165102 18628 794,800 SH SOLE 794,800 0 0
ANADARKO PETE CORP COM 032511107 290 9,480 SH SOLE 9,480 0 0
ANDOVER BANCORP INC DEL COM 034258103 280 9,300 SH SOLE 9,300 0 0
ANHEUSER BUSCH COS INC COM 035229103 2445 34,900 SH SOLE 34,900 0 0
ANNTAYLOR STORES CORP COM 036115103 204 5,000 SH SOLE 5,000 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 2509 65,600 SH SOLE 65,600 0 0
APPLE COMPUTER INC COM 037833100 15401 243,250 SH SOLE 243,250 0 0
APPLIED MICRO CIRCUITS CORP COM 03822W109 15664 274,800 SH SOLE 274,800 0 0
ASHLAND INC COM 044204105 4311 128,200 SH SOLE 128,200 0 0
ASIA PAC FD INC COM 044901106 90 10,000 SH SOLE 10,000 0 0
AT&T CORP COM 001957109 11878 273,067 SH SOLE 273,067 0 0
ATLANTIC COAST AIRLINES HLDGS COM 048396105 8220 463,100 SH SOLE 463,100 0 0
ATLANTIC RICHFIELD CO COM 048825103 1425 16,074 SH SOLE 16,074 0 0
ATMI INC COM 00207R101 20727 555,500 SH SOLE 555,500 0 0
AVALONBAY CMNTYS INC COM 053484101 2059 60,790 SH SOLE 60,790 0 0
AVERY DENNISON CORP COM 053611109 1712 32,460 SH SOLE 32,460 0 0
BALL CORP COM 058498106 8077 183,300 SH SOLE 183,300 0 0
BANK OF AMERICA CORPORATION COM 060505104 4898 87,949 SH SOLE 87,949 0 0
BANK ONE CORP COM 06423A103 1416 40,665 SH SOLE 40,665 0 0
BANKBOSTON CORP COM 06605R106 3864 89,090 SH SOLE 89,090 0 0
BAY VIEW CAP CORP DEL COM 07262L101 150 11,300 SH SOLE 11,300 0 0
BEA SYS INC COM 073325102 4937 139,800 SH SOLE 139,800 0 0
BECTON DICKINSON & CO COM 075887109 4162 148,300 SH SOLE 148,300 0 0
BELL ATLANTIC CORP COM 077853109 31723 471,286 SH SOLE 471,286 0 0
BELLSOUTH CORP COM 079860102 25691 570,912 SH SOLE 570,912 0 0
BERGEN BRUNSWIG CORP CL A 083739102 278 26,800 SH SOLE 26,800 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 2686 1,447 SH SOLE 1,447 0 0
BEST SOFTWARE INC COM 086579109 687 34,800 SH SOLE 34,800 0 0
BINDLEY WESTN INDS INC COM 090324104 176 12,266 SH SOLE 12,266 0 0
BIOMET INC COM 090613100 10959 416,500 SH SOLE 416,500 0 0
BJS WHOLESALE CLUB INC COM 05548J106 5740 194,160 SH SOLE 194,160 0 0
BLANCH E W HLDGS INC COM 093210102 384 5,900 SH SOLE 5,900 0 0
BMC SOFTWARE INC COM 055921100 29527 412,603 SH SOLE 412,603 0 0
BOSTON PROPERTIES INC COM 101121101 833 27,150 SH SOLE 27,150 0 0
BP AMOCO P L C SPONSORED ADR 055622104 51435 464,164 SH SOLE 464,164 0 0
BRIGGS & STRATTON CORP COM 109043109 234 4,000 SH SOLE 4,000 0 0
BRINKER INTL INC COM 109641100 12562 463,100 SH SOLE 463,100 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 26099 386,646 SH SOLE 386,646 0 0
BURR BROWN CORP COM 122574106 7082 179,300 SH SOLE 179,300 0 0
CABOT CORP COM 127055101 16462 693,134 SH SOLE 693,134 0 0
CABOT OIL & GAS CORP CL A 127097103 1886 109,333 SH SOLE 109,333 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 884 66,100 SH SOLE 66,100 0 0
CAL DIVE INTL INC COM 127914109 10395 303,500 SH SOLE 303,500 0 0
CALPINE CORP COM 131347106 4704 55,300 SH SOLE 55,300 0 0
CARLISLE COS INC COM 142339100 1971 49,900 SH SOLE 49,900 0 0
CARNIVAL CORP COM 143658102 20706 476,000 SH SOLE 476,000 0 0
CAROLINA PWR & LT CO COM 144141108 945 26,700 SH SOLE 26,700 0 0
CASCADE NAT GAS CORP COM 147339105 259 14,500 SH SOLE 14,500 0 0
CASEYS GEN STORES INC COM 147528103 291 21,700 SH SOLE 21,700 0 0
CBL & ASSOC PPTYS INC COM 124830100 3453 141,300 SH SOLE 141,300 0 0
CBT GROUP PUB LTD SPNSRD ADR NEW 124853300 4487 182,200 SH SOLE 182,200 0 0
CENTEX CONSTRUCTION PRODUCTS COM 15231R109 304 8,200 SH SOLE 8,200 0 0
CENTEX CORP COM 152312104 9478 320,600 SH SOLE 320,600 0 0
CENTURYTEL INC COM 156700106 18435 453,789 SH SOLE 453,789 0 0
CEPHALON INC COM 156708109 7428 413,400 SH SOLE 413,400 0 0
CERIDIAN CORP COM 15677T106 2861 115,000 SH SOLE 115,000 0 0
CHARLES RIVER ASSOCIATES COM 159852102 5600 200,900 SH SOLE 200,900 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 5842 77,500 SH SOLE 77,500 0 0
CHECKFREE HLDGS CORP COM 162816102 1430 34,766 SH SOLE 34,766 0 0
CHEVRON CORPORATION COM 166751107 6679 75,255 SH SOLE 75,255 0 0
CHIREX INC COM 170038103 10049 389,300 SH SOLE 389,300 0 0
CHUBB CORP COM 171232101 444 8,948 SH SOLE 8,948 0 0
CIGNA CORP COM 125509109 1672 21,500 SH SOLE 21,500 0 0
CINAR CORP SUB VTG SKS B 171905300 12475 412,400 SH SOLE 412,400 0 0
CISCO SYS INC COM 17275R102 712 10,390 SH SOLE 10,390 0 0
CITADEL COMMUNICATIONS CORP COM 172853202 11067 324,300 SH SOLE 324,300 0 0
CITIGROUP INC COM 172967101 11199 254,517 SH SOLE 254,517 0 0
CK WITCO CORP COM 12562C108 153 10,500 SH SOLE 10,500 0 0
CLAIRE'S STORES INC COM 179584107 1824 110,125 SH SOLE 110,125 0 0
CLAYTON HOMES INC COM 184190106 4578 527,004 SH SOLE 527,004 0 0
CLOROX CO DEL COM 189054109 336 8,792 SH SOLE 8,792 0 0
CLOSURE MED CORP COM 189093107 4027 296,900 SH SOLE 296,900 0 0
CNET INC COM 125945105 1999 35,700 SH SOLE 35,700 0 0
COASTAL CORP COM 190441105 13481 329,300 SH SOLE 329,300 0 0
COCA COLA CO COM 191216100 3928 81,412 SH SOLE 81,412 0 0
COLDWATER CREEK INC COM 193068103 220 11,000 SH SOLE 11,000 0 0
COLGATE PALMOLIVE CO COM 194162103 311 6,800 SH SOLE 6,800 0 0
COMMERCE GROUP INC MASS COM 200641108 207 9,000 SH SOLE 9,000 0 0
COMMONWEALTH BANCORP INC COM 20268X102 275 16,100 SH SOLE 16,100 0 0
COMPAQ COMPUTER CORP COM 204493100 3950 172,695 SH SOLE 172,695 0 0
COMPUTER ASSOC INTL INC COM 204912109 37321 609,318 SH SOLE 609,318 0 0
COMPUTER NETWORK TECHNOLOGY CP COM 204925101 7168 769,700 SH SOLE 769,700 0 0
COMPUWARE CORP COM 205638109 5611 215,300 SH SOLE 215,300 0 0
CONAGRA INC COM 205887102 289 12,800 SH SOLE 12,800 0 0
CONCENTRIC NETWORK CORP COM 20589R107 11875 584,600 SH SOLE 584,600 0 0
CONSECO INC COM 208464107 23052 1,193,620 SH SOLE 1,193,620 0 0
COOPER CAMERON CORP COM 216640102 3145 83,300 SH SOLE 83,300 0 0
COORS ADOLPH CC CL B 217016104 4108 75,900 SH SOLE 75,900 0 0
COPART INC COM 217204106 343 18,600 SH SOLE 18,600 0 0
CORDANT TECHNOLOGIES INC COM 218412104 8513 279,700 SH SOLE 279,700 0 0
CORE LABORATORIES N V COM N22717107 6020 320,000 SH SOLE 320,000 0 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 7694 188,800 SH SOLE 188,800 0 0
COSTAR GROUP INC COM 22160N109 10562 442,400 SH SOLE 442,400 0 0
COSTCO WHSL CORP NEW COM 22160K105 6534 90,750 SH SOLE 90,750 0 0
COUNTRYWIDE CR INDS INC DEL COM 222372104 5808 180,100 SH SOLE 180,100 0 0
CRANE CO COM 224399105 429 19,100 SH SOLE 19,100 0 0
CREDENCE SYS CORP COM 225302108 11425 254,600 SH SOLE 254,600 0 0
CREE RESH INC COM 225447101 6896 203,200 SH SOLE 203,200 0 0
CULLEN FROST BANKERS INC COM 229899109 8875 355,000 SH SOLE 355,000 0 0
CVS CORP COM 126650100 18335 449,250 SH SOLE 449,250 0 0
CYBEX COMPUTER PRODS CORP COM 232522102 12769 382,600 SH SOLE 382,600 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 3754 174,600 SH SOLE 174,600 0 0
CYTYC CORP COM 232946103 14071 363,700 SH SOLE 363,700 0 0
DALLAS SEMICONDUCTOR CORP COM 235204104 1432 26,800 SH SOLE 26,800 0 0
DAYTON HUDSON CORP COM 239753106 14335 238,674 SH SOLE 238,674 0 0
DELL COMPUTER CORP COM 247025109 268 6,400 SH SOLE 6,400 0 0
DELPHI FINL GROUP INC CL A 247131105 11430 378,638 SH SOLE 378,638 0 0
DENTSPLY INTL INC NEW COM 249030107 987 43,400 SH SOLE 43,400 0 0
DEVON ENERGY CORP COM 25179M103 302 7,300 SH SOLE 7,300 0 0
DEVRY INC DEL COM 251893103 1098 54,900 SH SOLE 54,900 0 0
DIAMOND OFFSHORE DRILLING INC SB NT CV 3.75%07 25271CAA0 105 100,000 PRN SOLE 0 0 100,000
DIEBOLD INC COM 253651103 1811 78,300 SH SOLE 78,300 0 0
DIGEX INC DEL CL A 253756100 7578 319,900 SH SOLE 319,900 0 0
DIGITAL RIV INC COM 25388B104 10664 490,300 SH SOLE 490,300 0 0
DII GROUP INC COM 232949107 296 8,400 SH SOLE 8,400 0 0
DIME BANCORP INC NEW COM 25429Q102 3084 176,200 SH SOLE 176,200 0 0
DISNEY WALT CO COM 254687106 519 19,948 SH SOLE 19,948 0 0
DOUBLECLICK INC COM 258609304 355 2,976 SH SOLE 2,976 0 0
DOVER CORP COM 260003108 4668 114,200 SH SOLE 114,200 0 0
DOW CHEM CO COM 260543103 1540 13,550 SH SOLE 13,550 0 0
DRIL-QUIP INC COM 262037104 930 36,400 SH SOLE 36,400 0 0
DSP COMMUNICATIONS INC COM 23332K106 3973 209,100 SH SOLE 209,100 0 0
DSP GROUP INC COM 23332B106 443 11,100 SH SOLE 11,100 0 0
DTE ENERGY CO COM 233331107 5307 146,900 SH SOLE 146,900 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 4048 66,904 SH SOLE 66,904 0 0
DUKE ENERGY CORP COM 264399106 1787 32,411 SH SOLE 32,411 0 0
DYCOM INDS INC COM 267475101 7168 169,900 SH SOLE 169,900 0 0
EAGLE USA AIRFREIGHT INC COM 270018104 21383 714,250 SH SOLE 714,250 0 0
EARTHGRAINS CO COM 270319106 8098 366,000 SH SOLE 366,000 0 0
EATON CORP COM 278058102 345 4,000 SH SOLE 4,000 0 0
EDUCATION MGMT CORP COM 28139T101 5628 454,800 SH SOLE 454,800 0 0
EL PASO ENERGY CORP DEL COM 283905107 17629 442,805 SH SOLE 442,805 0 0
EMC CORP SB NT CV 3.25%02 26865YAA2 158 25,000 PRN SOLE 0 0 25,000
EMERSON ELEC CO COM 291011104 3212 50,840 SH SOLE 50,840 0 0
EMMIS COMMUNICATIONS CORP CL A 291525103 12083 182,900 SH SOLE 182,900 0 0
EMULEX CORP COM NEW 292475209 13585 158,200 SH SOLE 158,200 0 0
ENTERCOM COMMUNICATIONS CORP CL A 293639100 644 17,900 SH SOLE 17,900 0 0
EQUITY OFFICE PROPERTIES TRUST COM 294741103 4031 173,356 SH SOLE 173,356 0 0
EQUITY OFFICE PROPERTIES TRUST PFD CV B 5.25% 294741509 83391 2,166,000 SH SOLE 0 0 2,166,000
EQUITY RESIDENTIAL PPTYS TR SH BEN INT 29476L107 927 21,880 SH SOLE 21,880 0 0
ESSEX PPTY TR INC COM 297178105 1939 55,500 SH SOLE 55,500 0 0
EXODUS COMMUNICATIONS INC COM 302088109 4987 69,200 SH SOLE 69,200 0 0
EXPEDITORS INTL WASH INC COM 302130109 5892 183,600 SH SOLE 183,600 0 0
EXXON CORP COM 302290101 26180 344,761 SH SOLE 344,761 0 0
F Y I INC COM 302712104 9133 271,100 SH SOLE 271,100 0 0
FEDERAL HOME LN MTG CORP COM 313400301 13510 259,800 SH SOLE 259,800 0 0
FEDERAL NATL MTG ASSN COM 313586109 15836 252,616 SH SOLE 252,616 0 0
FEDERATED DEPT STORES INC DEL COM 31410H101 12420 284,300 SH SOLE 284,300 0 0
FIRST CONSULTING GROUP INC COM 31986R103 600 60,000 SH SOLE 60,000 0 0
FIRST FINL HLDGS INC COM 320239106 208 12,000 SH SOLE 12,000 0 0
FIRST SIERRA FINANCIAL INC COM 335944104 949 88,800 SH SOLE 88,800 0 0
FIRST TENN NATL CORP COM 337162101 307 10,900 SH SOLE 10,900 0 0
FIRST UN CORP COM 337358105 467 13,100 SH SOLE 13,100 0 0
FIRSTFED FINL CORP COM 337907109 257 14,800 SH SOLE 14,800 0 0
FLOWERS INDS INC COM 343496105 164 12,100 SH SOLE 12,100 0 0
FLUSHING FINL CORP COM 343873105 236 14,700 SH SOLE 14,700 0 0
FLYCAST COMMUNICATIONS CORP COM 344067103 11239 247,000 SH SOLE 247,000 0 0
FORT JAMES CORP COM 347471104 3999 149,850 SH SOLE 149,850 0 0
FORWARD AIR CORP COM 349853101 11550 488,900 SH SOLE 488,900 0 0
FOSSIL INC COM 349882100 373 13,800 SH SOLE 13,800 0 0
FPL GROUP INC COM 302571104 10435 207,150 SH SOLE 207,150 0 0
GANNETT INC COM 364730101 10409 150,450 SH SOLE 150,450 0 0
GAP INC DEL COM 364760108 209 6,524 SH SOLE 6,524 0 0
GATEWAY INC COM 367626108 352 8,000 SH SOLE 8,000 0 0
GENERAL DYNAMICS CORP COM 369550108 13929 223,080 SH SOLE 223,080 0 0
GENERAL ELEC CO COM 369604103 41155 347,122 SH SOLE 347,122 0 0
GENERAL GROWTH PPTYS INC COM 370021107 8520 270,475 SH SOLE 270,475 0 0
GENERAL MLS INC COM 370334104 592 7,294 SH SOLE 7,294 0 0
GENERAL MTRS CORP COM 370442105 7103 112,864 SH SOLE 112,864 0 0
GENERAL MTRS CORP CL H NEW 370442832 7320 127,860 SH SOLE 127,860 0 0
GETTY IMAGES INC COM 374276103 5020 208,100 SH SOLE 208,100 0 0
GILLETTE CO COM 375766102 4442 130,890 SH SOLE 130,890 0 0
GLIMCKER RLTY TR SH BEN INT 379302102 2094 142,600 SH SOLE 142,600 0 0
GLOBAL SPORTS INC COM 37937A107 7773 347,400 SH SOLE 347,400 0 0
GLOBESPAN INC COM 379571102 5896 93,400 SH SOLE 93,400 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 16447 167,400 SH SOLE 167,400 0 0
GRACE W R & CO DEL NEW COM 38388F108 238 14,800 SH SOLE 14,800 0 0
GTE CORP COM 362320103 1104 14,356 SH SOLE 14,356 0 0
HADCO CORP COM 404681108 298 6,900 SH SOLE 6,900 0 0
HAEMONETICS CORP COM 405024100 270 13,700 SH SOLE 13,700 0 0
HANNA M A CO COM 410522106 205 18,000 SH SOLE 18,000 0 0
HARLEY DAVIDSON INC COM 412822108 736 14,700 SH SOLE 14,700 0 0
HEALTH CARE REIT INC COM 42217K106 228 11,400 SH SOLE 11,400 0 0
HEINZ H J CO COM 423074103 5014 116,600 SH SOLE 116,600 0 0
HERSHEY FOODS CORP COM 427866108 214 4,400 SH SOLE 4,400 0 0
HEWLETT PACKARD CO SB LYON ZERO 17 428236AC7 121 200,000 PRN SOLE 0 0 200,000
HEWLETT PACKARD CO COM 428236103 27640 300,434 SH SOLE 300,434 0 0
HIBBETT SPORTING GOODS INC COM 428565105 4752 290,200 SH SOLE 290,200 0 0
HILFIGER TOMMY CORP ORD G8915Z102 24289 861,700 SH SOLE 861,700 0 0
HISPANIC BROADCASTING CORP CL A 43357B104 5824 76,500 SH SOLE 76,500 0 0
HNC SOFTWARE INC COM 40425P107 1984 50,000 SH SOLE 50,000 0 0
HOME DEPOT INC SB NT CV 3.25%01 437076AE2 298 100,000 PRN SOLE 0 0 100,000
HOME DEPOT INC COM 437076102 397 5,778 SH SOLE 5,778 0 0
HOMEBASE INC COM 43738E108 63 16,000 SH SOLE 16,000 0 0
HOMESTORE COM INC COM 437852106 1251 30,000 SH SOLE 30,000 0 0
HONEYWELL INC COM 438506107 211 1,900 SH SOLE 1,900 0 0
HUDSON UNITED BANCORP COM 444165104 228 7,400 SH SOLE 7,400 0 0
HUMAN GENOME SCIENCES INC COM 444903108 992 13,450 SH SOLE 13,450 0 0
IBP INC COM 449223106 10784 436,800 SH SOLE 436,800 0 0
ICG COMMUNICATIONS INC COM 449246107 5232 336,200 SH SOLE 336,200 0 0
ILEX ONCOLOGY INC COM 451923106 1829 149,300 SH SOLE 149,300 0 0
ILLINOIS TOOL WKS INC COM 452308109 1397 18,740 SH SOLE 18,740 0 0
IMPATH INC COM 45255G101 8790 301,800 SH SOLE 301,800 0 0
IN FOCUS SYS INC COM 452919103 363 21,700 SH SOLE 21,700 0 0
INFOSPACE COM INC COM 45678T102 6847 166,500 SH SOLE 166,500 0 0
INGERSOLL RAND CO COM 456866102 27625 502,850 SH SOLE 502,850 0 0
INGRAM MICRO INC SR DB CV ZERO 18 457153AA2 95 300,000 PRN SOLE 0 0 300,000
INHALE THERAPEUTIC SYS INC COM 457191104 11342 373,400 SH SOLE 373,400 0 0
INSIGHT COMMUNICATIONS INC CL A 45768V108 15151 529,300 SH SOLE 529,300 0 0
INSTRON CORP COM 457776102 1211 55,059 SH SOLE 55,059 0 0
INTEGRATED HEALTH SVCS INC SR SD CV 5.75%01 45812CAE6 3545 32,225,000 PRN SOLE 0 0 32,225,000
INTEL CORP COM 458140100 31973 430,248 SH SOLE 430,248 0 0
INTERIM SVCS INC SUB NT CV 4.5%05 45868PAA8 79 100,000 PRN SOLE 0 0 100,000
INTERIM SVCS INC COM 45868P100 7942 485,020 SH SOLE 485,020 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 40766 335,866 SH SOLE 335,866 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 1007 55,950 SH SOLE 55,950 0 0
INTERNATIONAL HOME FOODS INC COM 459655106 264 15,100 SH SOLE 15,100 0 0
INTERPUBLIC GROUP COS INC COM 460690100 1744 42,400 SH SOLE 42,400 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 892 38,800 SH SOLE 38,800 0 0
INTERVOICE INC COM 461142101 198 17,900 SH SOLE 17,900 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 2256 69,400 SH SOLE 69,400 0 0
JOHNSON & JOHNSON COM 478160104 24364 265,188 SH SOLE 265,188 0 0
JOHNSON CTLS INC COM 478366107 804 12,122 SH SOLE 12,122 0 0
JONES APPAREL GROUP INC COM 480074103 28799 1,001,700 SH SOLE 1,001,700 0 0
JP REALTY INC COM 46624A106 2565 149,800 SH SOLE 149,800 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 9892 479,600 SH SOLE 479,600 0 0
KNIGHT RIDDER INC COM 499040103 24304 442,900 SH SOLE 442,900 0 0
KROGER CO COM 501044101 24939 1,130,390 SH SOLE 1,130,390 0 0
KROLL 0 GARA CO COM 501050108 4723 283,000 SH SOLE 283,000 0 0
K-SWISS INC CL A 482686102 246 7,800 SH SOLE 7,800 0 0
LAFARGE CORP COM 505862102 4205 130,900 SH SOLE 130,900 0 0
LAM RESH CORP COM 512807108 3788 62,100 SH SOLE 62,100 0 0
LANCASTER COLONY CORP COM 513847103 1200 37,500 SH SOLE 37,500 0 0
LASON INC COM 51808R107 236 5,300 SH SOLE 5,300 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 110 13,700 SH SOLE 13,700 0 0
LEAR CORP COM 521865105 436 12,400 SH SOLE 12,400 0 0
LEGGETT & PLATT INC COM 524660107 6969 354,000 SH SOLE 354,000 0 0
LEUCADIA NATL CORP COM 527288104 440 20,940 SH SOLE 20,940 0 0
LIBERTY PPTY TR SH BEN INT 531172104 8661 381,758 SH SOLE 381,758 0 0
LILLY ELI & CO COM 532457108 11665 182,270 SH SOLE 182,270 0 0
LUCENT TECHNOLOGIES INC COM 549463107 2179 33,585 SH SOLE 33,585 0 0
LUMINANT WORLDWIDE CORP COM 550260103 8032 261,200 SH SOLE 261,200 0 0
MACERICH CO COM 554382101 1901 82,200 SH SOLE 82,200 0 0
MACK CALI RLTY CORP COM 554489104 1615 60,225 SH SOLE 60,225 0 0
MANITOWOC INC COM 563571108 1853 54,300 SH SOLE 54,300 0 0
MARSH & MCLENNAN COS INC COM 571748102 9886 144,318 SH SOLE 144,318 0 0
MAXIMUS INC COM 577933104 6718 224,400 SH SOLE 224,400 0 0
MAY DEPT STORES CO COM 577778103 11771 323,050 SH SOLE 323,050 0 0
MAYTAG CORP COM 578592107 233 7,000 SH SOLE 7,000 0 0
MBNA CORP COM 55262L100 723 31,689 SH SOLE 31,689 0 0
MCCORMICK & CO INC COM NON VTG 579780206 1789 54,100 SH SOLE 0 0 54,100
MCDONALDS CORP COM 580135101 1652 38,200 SH SOLE 38,200 0 0
MCI WORLDCOM INC COM 55268B106 525 7,300 SH SOLE 7,300 0 0
MEDQUIST INC COM 584949101 10262 306,900 SH SOLE 306,900 0 0
MEDTRONIC INC COM 585055106 9595 270,289 SH SOLE 270,289 0 0
MENS WEARHOUSE INC COM 587118100 2767 128,700 SH SOLE 128,700 0 0
MENTOR GRAPHICS CORP COM 587200106 130 15,200 SH SOLE 15,200 0 0
MERCK & CO INC COM 589331107 24561 378,963 SH SOLE 378,963 0 0
MERCURY INTERACTIVE CORP COM 589405109 9710 150,400 SH SOLE 150,400 0 0
MERISTAR HOSPITALITY CORP COM 58984Y103 2585 169,500 SH SOLE 169,500 0 0
MICREL INC COM 594793101 9421 217,200 SH SOLE 217,200 0 0
MICROSOFT CORP COM 594918104 7162 79,084 SH SOLE 79,084 0 0
MIDCAP SPDR TR UNIT SER 1 595635103 34492 482,400 SH SOLE 0 0 482,400
MILACRON INC COM 598709103 363 20,445 SH SOLE 20,445 0 0
MINNESOTA MNG & MFG CO COM 604059105 1027 10,690 SH SOLE 10,690 0 0
MOBIL CORP COM 607059102 17698 175,664 SH SOLE 175,664 0 0
MOHAWK INDS INC COM 608190104 2432 122,000 SH SOLE 122,000 0 0
MONACO COACH CORP COM 60886R103 395 16,200 SH SOLE 16,200 0 0
MORGAN J P & CO INC COM 616880100 2198 19,241 SH SOLE 19,241 0 0
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446448 14958 167,710 SH SOLE 167,710 0 0
MORGAN STANLEY EMERGING MKTS COM 61744G107 6372 579,300 SH SOLE 579,300 0 0
MORGAN STANLEY INDIA INVT FD COM 61745C105 289 21,800 SH SOLE 21,800 0 0
MOTOROLA INC LYON SUB ZERO 13 620076AJ8 98 100,000 PRN SOLE 0 0 100,000
MUTUAL RISK MGMT LTD SBDBCVZERO EXCIS 628351AA6 43 100,000 PRN SOLE 0 0 100,000
NASDAQ 100 TR UNIT SER 1 631100104 8103 67,400 SH SOLE 0 0 67,400
NATIONAL AUSTRALIA BK LTD CAP UTS EXCHBL 632525309 454 16,600 SH SOLE 16,600 0 0
NATIONAL COMPUTER SYS INC COM 635519101 4943 128,900 SH SOLE 128,900 0 0
NATIONAL DATA CORP SUB NT CONV 5%03 635621AA3 87 100,000 PRN SOLE 0 0 100,000
NAVISTAR INTL CORP NEW COM 63934E108 22990 494,400 SH SOLE 494,400 0 0
NCO GROUP INC COM 628858102 5819 123,800 SH SOLE 123,800 0 0
NETSCOUT SYS INC COM 64115T104 8253 385,000 SH SOLE 385,000 0 0
NETWORK EVENT THEATER INC COM 640924106 2298 102,700 SH SOLE 102,700 0 0
NETWORKS ASSOCS INC COM 640938106 212 11,100 SH SOLE 11,100 0 0
NEWELL RUBBERMAID INC COM 651229106 345 12,072 SH SOLE 12,072 0 0
NORTH FORK BANCORPORATION NY COM 659424105 8607 441,400 SH SOLE 441,400 0 0
NORTHERN TR CORP COM 665859104 527 6,312 SH SOLE 6,312 0 0
NOVOSTE CORP COM 67010C100 5601 313,900 SH SOLE 313,900 0 0
NSTAR COM 67019E107 314 8,100 SH SOLE 8,100 0 0
NVR INC COM 62944T105 278 5,500 SH SOLE 5,500 0 0
OFFICE DEPOT INC COM 676220106 107 10,200 SH SOLE 10,200 0 0
OGE ENERGY CORP COM 670837103 254 11,400 SH SOLE 11,400 0 0
OMNICARE INC COM 681904108 215 22,300 SH SOLE 22,300 0 0
OMNICOM GROUP INC SB DB CV 4.25%07 681919AE6 253 100,000 PRN SOLE 0 0 100,000
OMNICOM GROUP INC COM 681919106 40212 507,810 SH SOLE 507,810 0 0
ON ASSIGNMENT INC COM 682159108 974 40,600 SH SOLE 40,600 0 0
ORACLE CORP COM 68389X105 714 15,700 SH SOLE 15,700 0 0
OWENS ILL INC COM NEW 690768403 452 22,800 SH SOLE 22,800 0 0
PACCAR INC COM 693718108 5947 116,900 SH SOLE 116,900 0 0
PAN PACIFIC RETAIL PPTYS INC COM 69806L104 1599 93,700 SH SOLE 93,700 0 0
PARADYNE NETWORKS INC COM 69911G107 3861 137,900 SH SOLE 137,900 0 0
PATTERSON DENTAL CO COM 703412106 3623 73,100 SH SOLE 73,100 0 0
PAXSON COMMUNICATIONS CORP COM 704231109 4141 338,000 SH SOLE 338,000 0 0
PE CORP COM PE BIO GRP 69332S102 217 3,000 SH SOLE 3,000 0 0
PE CORP CELERA GEN GRP 69332S201 231 5,750 SH SOLE 5,750 0 0
PERVASIVE SOFTWARE INC COM 715710109 13369 387,500 SH SOLE 387,500 0 0
PFIZER INC COM 717081103 6327 176,350 SH SOLE 176,350 0 0
PHARMACEUTICAL PROD DEV INC COM 717124101 3500 258,100 SH SOLE 258,100 0 0
PHARMACYCLICS INC COM 716933106 7145 174,800 SH SOLE 174,800 0 0
PHILIP MORRIS COS INC COM 718154107 9332 272,959 SH SOLE 272,959 0 0
PHOTRONICS INC COM 719405102 15489 690,300 SH SOLE 690,300 0 0
PIER 1 IMPORTS INC COM 720279108 758 115,525 SH SOLE 115,525 0 0
PILGRIMS PRIDE CORP CL B 721467108 129 14,900 SH SOLE 14,900 0 0
PINNACLE HLDGS INC COM 72346N101 16885 646,300 SH SOLE 646,300 0 0
PINNACLE SYS INC COM 723481107 682 16,100 SH SOLE 16,100 0 0
PMI GROUP INC COM 69344M101 14601 357,200 SH SOLE 357,200 0 0
PNC BK CORP COM 693475105 9336 177,200 SH SOLE 177,200 0 0
POTASH CORP SASK INC COM 73755L107 398 7,700 SH SOLE 7,700 0 0
POTOMAC ELEC PWR CO DEB CONV 5%02 737679BT6 97 100,000 PRN SOLE 0 0 100,000
PRAXAIR INC COM 74005P104 3147 68,420 SH SOLE 68,420 0 0
PRE PAID LEGAL SVCS INC COM 740065107 295 7,500 SH SOLE 7,500 0 0
PRECISION CASTPARTS CORP COM 740189105 200 6,550 SH SOLE 6,550 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 11042 497,650 SH SOLE 497,650 0 0
PRI AUTOMATION INC COM 69357H106 5556 153,800 SH SOLE 153,800 0 0
PROCTER & GAMBLE CO COM 742718109 4839 51,619 SH SOLE 51,619 0 0
PROGRESS SOFTWARE CORP COM 743312100 345 11,000 SH SOLE 11,000 0 0
PROTEIN DESIGN LABS INC COM 74369L103 7438 205,900 SH SOLE 205,900 0 0
PROXICOM INC COM 744282104 328 5,600 SH SOLE 5,600 0 0
PULTE CORP COM 745867101 2382 109,500 SH SOLE 109,500 0 0
QLOGIC CORP COM 747277101 13599 194,800 SH SOLE 194,800 0 0
QUAKER OATS CO COM 747402105 16669 269,400 SH SOLE 269,400 0 0
QUANTA SVCS INC COM 74762E102 6859 234,000 SH SOLE 234,000 0 0
QUINTILES TRANSNATIONAL CORP SB NT CV 4.25%00 748767AC4 97 100,000 PRN SOLE 0 0 100,000
RADIO ONE INC CL A 75040P108 901 21,700 SH SOLE 21,700 0 0
RARE HOSPITALITY INTL INC COM 753820109 340 15,700 SH SOLE 15,700 0 0
RAYTHEON CO CL B 755111408 226 4,550 SH SOLE 4,550 0 0
REGIONS FINL CORP COM 758940100 1714 57,120 SH SOLE 57,120 0 0
REHABCARE GROUP INC COM 759148109 186 10,500 SH SOLE 10,500 0 0
RELIASTAR FINL CORP COM 75952U103 23045 693,089 SH SOLE 693,089 0 0
RENAL CARE GROUP INC COM 759930100 2226 101,600 SH SOLE 101,600 0 0
RESMED INC COM 761152107 327 9,900 SH SOLE 9,900 0 0
REUTERS GROUP PLC SPONSORED ADR 76132M102 5217 75,744 SH SOLE 75,744 0 0
REYNOLDS & REYNOLDS CO CL A 761695105 1912 93,816 SH SOLE 93,816 0 0
ROBERT HALF INTL INC COM 770323103 202 8,500 SH SOLE 8,500 0 0
ROHM & HAAS CO COM 775371107 83738 2,318,014 SH SOLE 2,318,014 0 0
ROSS STORES INC COM 778296103 18171 902,900 SH SOLE 902,900 0 0
ROWECOM INC COM 77957X108 8597 309,800 SH SOLE 309,800 0 0
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 6857 116,100 SH SOLE 116,100 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 6606 144,000 SH SOLE 144,000 0 0
RYANS FAMILY STEAK HOUSE INC COM 783519101 360 40,000 SH SOLE 40,000 0 0
SAFEWAY INC COM NEW 786514208 17982 472,440 SH SOLE 472,440 0 0
SAGA COMMUNICATIONS CL A 786598102 4331 188,300 SH SOLE 188,300 0 0
SALEM COMMUNICATIONS CORP DEL CL A 794093104 8693 340,900 SH SOLE 340,900 0 0
SAPIENT CORP COM 803062108 5316 56,400 SH SOLE 56,400 0 0
SARA LEE CORP COM 803111103 1255 53,700 SH SOLE 53,700 0 0
SBC COMMUNICATIONS INC COM 78387G103 830 16,262 SH SOLE 16,262 0 0
SBS BROADCASTING SA ORD L8137F102 21533 555,700 SH SOLE 555,700 0 0
SCHEIN HENRY INC COM 806407102 224 15,700 SH SOLE 15,700 0 0
SCHERING PLOUGH CORP COM 806605101 43433 995,607 SH SOLE 995,607 0 0
SCHLUMBERGER LTD COM 806857108 3845 61,700 SH SOLE 61,700 0 0
SCI SYS INC COM 783890106 9079 204,300 SH SOLE 204,300 0 0
SEAGRAM LTD COM 811850106 705 15,500 SH SOLE 15,500 0 0
SECURITY CAP GROUP INC CL A 81413P105 831 1,146 SH SOLE 1,146 0 0
SEI INVESTMENTS CO COM 784117103 241 2,700 SH SOLE 2,700 0 0
SEMTECH CORP COM 816850101 22154 604,900 SH SOLE 604,900 0 0
SERVICE CORP INTL COM 817565104 153 14,445 SH SOLE 14,445 0 0
SHARED MED SYS CORP COM 819486101 3222 68,925 SH SOLE 68,925 0 0
SHERWIN WILLIAMS CO COM 824348106 1679 80,200 SH SOLE 80,200 0 0
SIPEX CORP COM 829909100 3577 249,900 SH SOLE 249,900 0 0
SOUTHDOWN INC COM 841297104 8159 152,500 SH SOLE 152,500 0 0
SOUTHTRUST CORP COM 844730101 6831 190,400 SH SOLE 190,400 0 0
SPDR TR UNIT SER 1 78462F103 10416 80,900 SH SOLE 0 0 80,900
SPORTSLINE USA INC COM 848934105 15364 519,700 SH SOLE 519,700 0 0
ST LAURENT PAPERBOARD INC COM 790907109 185 14,600 SH SOLE 14,600 0 0
STAMPS COM INC COM 852857101 1126 32,400 SH SOLE 32,400 0 0
STARMEDIA NETWORK INC COM 855546107 4219 114,900 SH SOLE 114,900 0 0
STARWOOD HOTELS&RESORTS WRLDWD PAIRED CTF 85590A203 2735 122,568 SH SOLE 122,568 0 0
STEEL DYNAMICS INC COM 858119100 238 15,200 SH SOLE 15,200 0 0
STEINER LEISURE LTD ORD P8744Y102 4186 167,450 SH SOLE 167,450 0 0
STERIS CORP COM 859152100 5750 418,200 SH SOLE 418,200 0 0
STEWART ENTERPRISES INC CL A 860370105 6270 1,034,200 SH SOLE 1,034,200 0 0
STRYKER CORP COM 863667101 2096 41,000 SH SOLE 41,000 0 0
SUN MICROSYSTEMS INC COM 866810104 67370 724,406 SH SOLE 724,406 0 0
SUNGARD DATA SYS INC COM 867363103 1701 64,650 SH SOLE 64,650 0 0
SUNQUEST INFORMATION SYS INC COM 867654105 284 17,600 SH SOLE 17,600 0 0
SUNTRUST BKS INC COM 867914103 756 11,500 SH SOLE 11,500 0 0
SUPERIOR CONSULTANT HLDGS CORP COM 868146101 544 46,300 SH SOLE 46,300 0 0
SUPERVALU INC COM 868536103 13842 634,579 SH SOLE 634,579 0 0
SYBRON INTL CORP COM 87114F106 18796 699,400 SH SOLE 699,400 0 0
SYMBOL TECHNOLOGIES INC COM 871508107 11326 336,825 SH SOLE 336,825 0 0
SYNOPSYS INC COM 871607107 14797 263,500 SH SOLE 263,500 0 0
TALBOTS INC COM 874161102 377 8,400 SH SOLE 8,400 0 0
TALK COM INC COM 874264104 321 24,900 SH SOLE 24,900 0 0
TELEFONOS DE MEXICO S A SPNS ADR ORD L 879403780 285 4,000 SH SOLE 4,000 0 0
TEMPLETON EMERGING MKTS FD INC COM 880191101 263 23,800 SH SOLE 23,800 0 0
TERADYNE INC COM 880770102 1417 40,200 SH SOLE 40,200 0 0
TEREX CORP NEW COM 880779103 356 11,300 SH SOLE 11,300 0 0
TEXACO INC COM 881694103 3805 60,275 SH SOLE 60,275 0 0
TEXTRON INC COM 883203101 5334 68,936 SH SOLE 68,936 0 0
TIME WARNER INC COM 887315109 4212 69,337 SH SOLE 69,337 0 0
TJX COS INC NEW COM 872540109 22068 786,400 SH SOLE 786,400 0 0
TNP ENTERPRISES INC COM 872594106 350 9,000 SH SOLE 9,000 0 0
TRANSKARYOTIC THERAPIES INC COM 893735100 6751 131,400 SH SOLE 131,400 0 0
TRIANGLE PHARMACEUTICALS INC COM 89589H104 5833 303,000 SH SOLE 303,000 0 0
TRIBUNE CO NEW COM 896047107 1015 20,400 SH SOLE 20,400 0 0
TRINITY INDS INC COM 896522109 241 7,800 SH SOLE 7,800 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674K103 369 6,450 SH SOLE 6,450 0 0
TSI INTERNATIONAL SOFTWARE LTD COM 872879101 3551 130,900 SH SOLE 130,900 0 0
TWEETER HOME ENTMT GROUP INC COM 901167106 5109 136,700 SH SOLE 136,700 0 0
TYCO INTL LTD NEW COM 902124106 40408 391,363 SH SOLE 391,363 0 0
U S FOODSERVICE COM 90331R101 4691 260,600 SH SOLE 260,600 0 0
UNION PAC CORP COM 907818108 339 7,060 SH SOLE 7,060 0 0
UNISYS CORP COM 909214108 24097 534,000 SH SOLE 534,000 0 0
UNITED STATES CELLULAR CORP LYON ZERO 15 911684AA6 127 200,000 PRN SOLE 0 0 200,000
UNITED STATIONERS INC COM 913004107 322 15,100 SH SOLE 15,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 42755 720,850 SH SOLE 720,850 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 5888 203,900 SH SOLE 203,900 0 0
UNIVERSAL FOODS CORP COM 913538104 15619 680,954 SH SOLE 680,954 0 0
UNUM PROVIDENT CORP COM 91529Y106 1181 40,134 SH SOLE 40,134 0 0
URS CORP NEW COM 903236107 287 11,700 SH SOLE 11,700 0 0
US BANCORP DEL COM 902973106 256 8,469 SH SOLE 8,469 0 0
USA NETWORKS INC COM 902984103 581 15,000 SH SOLE 15,000 0 0
USFREIGHTWAYS CORP COM 916906100 19395 409,400 SH SOLE 409,400 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 1569 35,700 SH SOLE 35,700 0 0
VEECO INSTRS INC DEL COM 922417100 6404 228,700 SH SOLE 228,700 0 0
VERISIGN INC COM 92343E102 6007 56,400 SH SOLE 56,400 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 3220 103,660 SH SOLE 103,660 0 0
VICAL INC COM 925602104 7741 560,400 SH SOLE 560,400 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 309 13,003 SH SOLE 13,003 0 0
VISX INC DEL COM 92844S105 562 7,100 SH SOLE 7,100 0 0
VODAFONE GROUP PLC SPONSORED ADR 92857T107 811 3,410 SH SOLE 3,410 0 0
WALDEN RESIDENTIAL PPTYS INC COM 931210108 661 30,300 SH SOLE 30,300 0 0
WALGREEN CO COM 931422109 1274 50,204 SH SOLE 50,204 0 0
WARNER LAMBERT CO COM 934488107 1151 17,336 SH SOLE 17,336 0 0
WASHINGTON FED INC COM 938824109 228 9,850 SH SOLE 9,850 0 0
WASHINGTON MUT INC COM 939322103 7750 264,950 SH SOLE 264,950 0 0
WASTE CONNECTIONS INC COM 941053100 5959 289,800 SH SOLE 289,800 0 0
WATERS CORP COM 941848103 8382 138,400 SH SOLE 138,400 0 0
WATSON PHARMACEUTICALS INC COM 942683103 14892 487,250 SH SOLE 487,250 0 0
WEBSTER FINL CORP CONN COM 947890109 6814 267,200 SH SOLE 267,200 0 0
WELLPOINT HEALTH NETWORK NEW COM 94973H108 1778 31,200 SH SOLE 31,200 0 0
WELLS FARGO & CO NEW COM 949746101 6149 155,176 SH SOLE 155,176 0 0
WESTWOOD ONE INC COM 961815107 21037 466,200 SH SOLE 466,200 0 0
WET SEAL INC CL A 961840105 939 56,700 SH SOLE 56,700 0 0
WEYERHAEUSER CO COM 962166104 1708 29,637 SH SOLE 29,637 0 0
WINTRUST FINANCIAL CORP COM 97650W108 1953 113,200 SH SOLE 113,200 0 0
WORLDGATE COMMUNICATIONS INC COM 98156L307 5234 228,800 SH SOLE 228,800 0 0
XEROX CORP COM 984121103 6771 161,450 SH SOLE 161,450 0 0
XIRCOM INC COM 983922105 367 8,600 SH SOLE 8,600 0 0
ZALE CORP NEW COM 988858106 291 7,600 SH SOLE 7,600 0 0
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