UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 March 31, 2000
- ---------------- ------------- --------------
[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.L.C.
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: 502
Form 13F Information Table Value Total: $3,934,605,000
List of Other Included Managers:
No. 13F File Number Name
- --- --------------- ----
01 N/A Standish International Management Company, L.L.C.
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
A D C TELECOMMUNICATIONS COM 000886101 $3,890 72,200 SH SOLE 72,200 0 0
AES CORP COM 00130H105 $5,722 72,655 SH SOLE 72,655 0 0
AT&T CORP COM 001957109 $11,760 209,064 SH SOLE 209,064 0 0
ATMI INC COM 00207R101 $46,991 984,100 SH SOLE 984,100 0 0
ABBOTT LABS COM 002824100 $13,159 373,954 SH SOLE 373,954 0 0
ADAC LABS COM NEW 005313200 $9,024 656,300 SH SOLE 656,300 0 0
ADAPTIVE BROADBAND CORP COM 00650M104 $8,335 155,800 SH SOLE 155,800 0 0
ADAPTEC INC COM 00651F108 $1,166 30,200 SH SOLE 30,200 0 0
ADOBE SYS INC COM 00724F101 $18,611 167,200 SH SOLE 167,200 0 0
ADVO INC COM 007585102 $255 10,200 SH SOLE 10,200 0 0
ADVANCED MICRO DEVICES INC COM 007903107 $8,828 154,700 SH SOLE 154,700 0 0
ADVANCED ENERGY INDS COM 007973100 $4,208 82,500 SH SOLE 82,500 0 0
ALBERTSONS INC COM 013104104 $1,615 52,320 SH SOLE 52,320 0 0
ALCOA INC COM 013817101 $720 10,245 SH SOLE 10,245 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 $21,999 315,400 SH SOLE 315,400 0 0
ALKERMES INC COM 01642T108 $17,737 191,750 SH SOLE 191,750 0 0
ALLMERICA FINL CORP COM 019754100 $6,579 129,000 SH SOLE 129,000 0 0
ALLSTATE CORP COM 020002101 $679 28,512 SH SOLE 28,512 0 0
ALTERA CORP COM 021441100 $411 4,600 SH SOLE 4,600 0 0
AMBAC FINL GROUP INC COM 023139108 $13,390 265,800 SH SOLE 265,800 0 0
AMERICAN EXPRESS CO COM 025816109 $207 1,388 SH SOLE 1,388 0 0
AMERICAN GENERAL CORP COM 026351106 $2,832 50,464 SH SOLE 50,464 0 0
AMERICAN HOME PRODS CORP COM 026609107 $3,938 73,262 SH SOLE 73,262 0 0
AMERICAN INTL GROUP INC COM 026874107 $1,333 12,169 SH SOLE 12,169 0 0
AMERICAN PWR CONVERSION CORP COM 029066107 $49,233 1,148,300 SH SOLE 1,148,300 0 0
AMERICREDIT CORP COM 03060R101 $7,341 450,000 SH SOLE 450,000 0 0
AMES DEPT STORES INC COM NEW 030789507 $280 11,400 SH SOLE 11,400 0 0
AMGEN INC COM 031162100 $13,710 223,376 SH SOLE 223,376 0 0
AMPHENOL CORP NEW CL A 032095101 $491 4,800 SH SOLE 4,800 0 0
AMSOUTH BANCORPORATION COM 032165102 $1,636 109,500 SH SOLE 109,500 0 0
ANADARKO PETE CORP COM 032511107 $371 9,580 SH SOLE 9,580 0 0
ANALOG DEVICES INC COM 032654105 $11,577 143,700 SH SOLE 143,700 0 0
ANDOVER BANCORP INC DEL COM 034258103 $300 10,500 SH SOLE 10,500 0 0
ANGIOTECH PHARMACEUTICALS INC COM 034918102 $7,966 200,400 SH SOLE 200,400 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
ANHEUSER BUSCH COS INC COM 035229103 $2,117 34,000 SH SOLE 34,000 0 0
ANTIGENICS INC DEL COM 037032109 $8,973 440,400 SH SOLE 440,400 0 0
APPLE COMPUTER INC COM 037833100 $16,814 123,800 SH SOLE 123,800 0 0
APPLIED MICRO CIRCUITS CORP COM 03822W109 $11,623 77,452 SH SOLE 77,452 0 0
ASIA PAC FD INC COM 044901106 $106 10,129 SH SOLE 0 0 0
ASPEN TECHNOLOGY INC COM 045327103 $11,660 288,800 SH SOLE 288,800 0 0
ATLANTIC COAST AIRLINES HLDGS COM 048396105 $11,804 456,200 SH SOLE 456,200 0 0
ATLANTIC RICHFIELD CO COM 048825103 $1,468 17,274 SH SOLE 17,274 0 0
AVALONBAY CMNTYS INC COM 053484101 $2,190 59,790 SH SOLE 59,790 0 0
AVERY DENNISON CORP COM 053611109 $6,513 106,660 SH SOLE 106,660 0 0
BJS WHOLESALE CLUB INC COM 05548J106 $10,103 261,560 SH SOLE 261,560 0 0
BP AMOCO P L C SPONSORED ADR 055622104 $41,500 782,098 SH SOLE 782,098 0 0
BMC SOFTWARE INC COM 055921100 $9,011 182,500 SH SOLE 182,500 0 0
BALL CORP COM 058498106 $2,513 72,700 SH SOLE 72,700 0 0
BANK OF AMERICA CORPORATION COM 060505104 $3,999 76,268 SH SOLE 76,268 0 0
BARD C R INC COM 067383109 $3,316 85,700 SH SOLE 85,700 0 0
BEA SYS INC COM 073325102 $440 6,000 SH SOLE 6,000 0 0
BECTON DICKINSON & CO COM 075887109 $3,344 127,100 SH SOLE 127,100 0 0
BELL ATLANTIC CORP COM 077853109 $23,725 388,136 SH SOLE 388,136 0 0
BELLSOUTH CORP COM 079860102 $19,735 419,883 SH SOLE 419,883 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 $2,537 1,394 SH SOLE 1,394 0 0
BESTFOODS COM 08658U101 $16,553 353,600 SH SOLE 353,600 0 0
BINDLEY WESTN INDS INC COM 090324104 $168 12,366 SH SOLE 12,366 0 0
BIOMET INC COM 090613100 $19,062 524,050 SH SOLE 524,050 0 0
BLACK & DECKER CORP COM 091797100 $3,944 105,000 SH SOLE 105,000 0 0
BOEING CO COM 097023105 $7,984 210,450 SH SOLE 210,450 0 0
BOSTON PROPERTIES INC COM 101121101 $5,042 158,500 SH SOLE 158,500 0 0
BOTTOMLINE TECH DEL INC COM 101388106 $13,591 373,000 SH SOLE 373,000 0 0
BREAKAWAY SOLUTIONS INC COM 106372105 $10,183 223,800 SH SOLE 223,800 0 0
BRINKER INTL INC COM 109641100 $12,305 414,500 SH SOLE 414,500 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 $18,719 324,146 SH SOLE 324,146 0 0
BURLINGTON NORTHN SANTA FE CP COM 12189T104 $3,168 139,271 SH SOLE 139,271 0 0
BURR BROWN CORP COM 122574106 $43,000 790,800 SH SOLE 790,800 0 0
C&D TECHNOLOGIES INC COM 124661109 $525 8,900 SH SOLE 8,900 0 0
CBL & ASSOC PPTYS INC COM 124830100 $2,679 131,100 SH SOLE 131,100 0 0
C BRIDGE INTERNET SOL INC COM 12500B105 $6,179 108,400 SH SOLE 108,400 0 0
CCBT FINL COS INC COM 12500Q102 $263 20,416 SH SOLE 20,416 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
CIGNA CORP COM 125509109 $1,674 22,100 SH SOLE 22,100 0 0
CNET NETWORKS INC COM 12613R104 $3,279 64,700 SH SOLE 64,700 0 0
CVS CORP COM 126650100 $26,018 692,650 SH SOLE 692,650 0 0
CV THERAPEUTICS INC COM 126667104 $4,316 86,000 SH SOLE 86,000 0 0
CABOT CORP COM 127055101 $16,443 539,106 SH SOLE 539,106 0 0
CABOT OIL & GAS CORP CL A 127097103 $1,800 99,633 SH SOLE 99,633 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 $817 39,600 SH SOLE 39,600 0 0
CAL DIVE INTL INC COM 127914109 $20,396 401,900 SH SOLE 401,900 0 0
CALIPER TECHNOLOGIES CORP COM 130876105 $283 3,500 SH SOLE 3,500 0 0
CALPINE CORP COM 131347106 $5,433 57,800 SH SOLE 57,800 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 $775 27,100 SH SOLE 27,100 0 0
CARDINAL HEALTH INC COM 14149Y108 $3,540 77,166 SH SOLE 77,166 0 0
CARLISLE COS INC COM 142339100 $2,096 52,400 SH SOLE 52,400 0 0
CARNIVAL CORP COM 143658102 $9,580 386,100 SH SOLE 386,100 0 0
CAROLINA PWR & LT CO COM 144141108 $866 26,700 SH SOLE 26,700 0 0
CASCADE NAT GAS CORP COM 147339105 $263 16,300 SH SOLE 16,300 0 0
CENTEX CORP COM 152312104 $207 8,700 SH SOLE 8,700 0 0
CENTEX CONSTRUCTION PRODUCTS COM 15231R109 $247 9,400 SH SOLE 9,400 0 0
CENTURYTEL INC COM 156700106 $13,550 364,984 SH SOLE 364,984 0 0
CEPHALON INC COM 156708109 $21,593 575,800 SH SOLE 575,800 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 $17,335 198,825 SH SOLE 198,825 0 0
CHEVRON CORPORATION COM 166751107 $5,256 56,855 SH SOLE 56,855 0 0
CHILDRENS PL RETAIL STORES INC COM 168905107 $174 12,200 SH SOLE 12,200 0 0
CHUBB CORP COM 171232101 $361 5,348 SH SOLE 5,348 0 0
CINAR CORP SUB VTG SKS B 171905300 $1,400 200,000 SH SOLE 200,000 0 0
CISCO SYS INC COM 17275R102 $1,558 20,148 SH SOLE 20,148 0 0
CITADEL COMMUNICATIONS CORP COM 172853202 $25,224 597,900 SH SOLE 597,900 0 0
CITIGROUP INC COM 172967101 $10,980 185,121 SH SOLE 185,121 0 0
CLAIRE'S STORES INC COM 179584107 $344 17,125 SH SOLE 17,125 0 0
CLARUS CORP COM 182707109 $8,291 117,400 SH SOLE 117,400 0 0
CLAYTON HOMES INC COM 184190106 $2,147 212,042 SH SOLE 212,042 0 0
CLOROX CO DEL COM 189054109 $284 8,592 SH SOLE 8,592 0 0
COASTAL CORP COM 190441105 $10,125 220,100 SH SOLE 220,100 0 0
COCA COLA CO COM 191216100 $3,823 81,441 SH SOLE 81,441 0 0
COLDWATER CREEK INC COM 193068103 $187 11,000 SH SOLE 11,000 0 0
COLGATE PALMOLIVE CO COM 194162103 $309 5,490 SH SOLE 5,490 0 0
COMMERCE GROUP INC MASS COM 200641108 $266 9,000 SH SOLE 9,000 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
COMMONWEALTH BANCORP INC COM 20268X102 $231 18,200 SH SOLE 18,200 0 0
COMPAQ COMPUTER CORP COM 204493100 $4,214 157,545 SH SOLE 157,545 0 0
COMPLETE BUSINESS SOLUTIONS COM 20452F107 $2,681 119,800 SH SOLE 119,800 0 0
COMPUTER ASSOC INTL INC COM 204912109 $26,738 451,743 SH SOLE 451,743 0 0
CONAGRA INC COM 205887102 $211 11,650 SH SOLE 11,650 0 0
CONSECO INC COM 208464107 $11,927 1,042,813 SH SOLE 1,042,813 0 0
CONSTELLATION ENERGY CORP COM 210371100 $478 15,000 SH SOLE 15,000 0 0
COORS ADOLPH CC CL B 217016104 $2,673 55,900 SH SOLE 55,900 0 0
COPART INC COM 217204106 $714 40,800 SH SOLE 40,800 0 0
COPPER MTN NETWORKS INC COM 217510106 $426 5,204 SH SOLE 5,204 0 0
COR THERAPEUTICS INC COM 217753102 $21,200 321,600 SH SOLE 321,600 0 0
CORDANT TECHNOLOGIES INC COM 218412104 $283 5,000 SH SOLE 5,000 0 0
CORNING INC COM 219350105 $4,307 22,200 SH SOLE 22,200 0 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 $27,441 540,700 SH SOLE 540,700 0 0
COSTCO WHSL CORP NEW COM 22160K105 $10,176 193,600 SH SOLE 193,600 0 0
COSTAR GROUP INC COM 22160N109 $30,160 817,900 SH SOLE 817,900 0 0
COULTER PHARMACEUTICAL INC COM 222116105 $14,643 480,100 SH SOLE 480,100 0 0
CREDENCE SYS CORP COM 225302108 $18,531 148,100 SH SOLE 148,100 0 0
CREE RESH INC COM 225447101 $19,324 171,200 SH SOLE 171,200 0 0
CULLEN FROST BANKERS INC COM 229899109 $6,480 245,100 SH SOLE 245,100 0 0
CYBEX COMPUTER PRODS CORP COM 232522102 $18,051 479,750 SH SOLE 479,750 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 $15,795 320,300 SH SOLE 320,300 0 0
CYSIVE INC COM 23281T108 $4,966 72,500 SH SOLE 72,500 0 0
CYTEC INDS INC COM 232820100 $245 8,000 SH SOLE 8,000 0 0
DII GROUP INC COM 232949107 $871 7,700 SH SOLE 7,700 0 0
DSP GROUP INC COM 23332B106 $937 14,200 SH SOLE 14,200 0 0
DALLAS SEMICONDUCTOR CORP COM 235204104 $347 9,500 SH SOLE 9,500 0 0
DARDEN RESTAURANTS INC COM 237194105 $3,049 171,179 SH SOLE 171,179 0 0
DATA RETURN CORP COM 23785M104 $16,625 451,600 SH SOLE 451,600 0 0
DATASTREAM SYS INC COM 238124101 $6,885 237,400 SH SOLE 237,400 0 0
DELANO TECHNOLOGY CORP COM 245701107 $1,544 68,800 SH SOLE 68,800 0 0
DELL COMPUTER CORP COM 247025109 $345 6,400 SH SOLE 6,400 0 0
DELPHI FINL GROUP INC CL A 247131105 $11,568 380,824 SH SOLE 380,824 0 0
DENTSPLY INTL INC NEW COM 249030107 $2,239 78,900 SH SOLE 78,900 0 0
DEVON ENERGY CORP COM 25179M103 $398 8,200 SH SOLE 8,200 0 0
DEVRY INC DEL COM 251893103 $5,704 187,000 SH SOLE 187,000 0 0
DIAMOND TECHNOLOGY PARTNERS CL A 252762109 $2,564 39,000 SH SOLE 39,000 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
DIGEX INC DEL CL A 253756100 $28,544 257,300 SH SOLE 257,300 0 0
DIGIMARC CORP COM 253807101 $2,600 59,100 SH SOLE 59,100 0 0
DIGITAL IS INC DEL COM 25385N101 $3,949 64,800 SH SOLE 64,800 0 0
DIGITAL RIV INC COM 25388B104 $16,916 786,800 SH SOLE 786,800 0 0
DISNEY WALT CO COM DISNEY 254687106 $711 17,248 SH SOLE 17,248 0 0
DIVERSA CORP COM 255064107 $4,061 86,400 SH SOLE 86,400 0 0
DIVERSINET CORP COM NEW 25536K204 $2,488 139,200 SH SOLE 139,200 0 0
DOMINION RES INC VA NEW COM 25746U109 $3,284 85,428 SH SOLE 85,428 0 0
DOUBLECLICK INC COM 258609304 $649 6,930 SH SOLE 6,930 0 0
DOVER CORP COM 260003108 $5,314 111,000 SH SOLE 111,000 0 0
DOW CHEM CO COM 260543103 $6,920 60,700 SH SOLE 60,700 0 0
DRIL-QUIP INC COM 262037104 $2,846 60,400 SH SOLE 60,400 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 $3,130 59,119 SH SOLE 59,119 0 0
DUKE ENERGY CORP COM 264399106 $1,657 31,567 SH SOLE 31,567 0 0
DUKE REALTY INVT INC COM NEW 264411505 $933 48,800 SH SOLE 48,800 0 0
DYCOM INDS INC COM 267475101 $13,579 278,550 SH SOLE 278,550 0 0
EGL INC COM 268484102 $31,459 1,345,850 SH SOLE 1,345,850 0 0
E M C CORP MASS COM 268648102 $4,918 39,345 SH SOLE 39,345 0 0
EATON CORP COM 278058102 $312 4,000 SH SOLE 4,000 0 0
EBENX INC COM 278668108 $1,186 40,200 SH SOLE 40,200 0 0
EL PASO ENERGY CORP DEL COM 283905107 $14,042 347,785 SH SOLE 347,785 0 0
ELAN PLC ADR 284131208 $19,739 415,550 SH SOLE 415,550 0 0
EMERGE INTERACTIVE INC CL A 29088W103 $5,308 176,200 SH SOLE 176,200 0 0
EMERSON ELEC CO COM 291011104 $2,032 38,240 SH SOLE 38,240 0 0
EMMIS COMMUNICATIONS CORP CL A 291525103 $34,005 731,300 SH SOLE 731,300 0 0
EMULEX CORP COM NEW 292475209 $16,096 147,500 SH SOLE 147,500 0 0
ENTERCOM COMMUNICATIONS CORP CL A 293639100 $4,835 94,800 SH SOLE 94,800 0 0
ENTRUST TECHNOLOGIES INC COM 293848107 $13,493 158,600 SH SOLE 158,600 0 0
EQUITY OFFICE PROPERTIES TRUST COM 294741103 $3,395 135,130 SH SOLE 135,130 0 0
EQUITY OFFICE PROPERTIES TRUST PFD CV B 5.25% 294741509 $81,814 2,153,000 SH SOLE 0 0 0
EQUITY RESIDENTIAL PPTYS TR SH BEN INT 29476L107 $658 16,380 SH SOLE 16,380 0 0
EXAR CORP COM 300645108 $38,780 541,900 SH SOLE 541,900 0 0
EXODUS COMMUNICATIONS INC COM 302088109 $731 5,200 SH SOLE 5,200 0 0
EXPEDITORS INTL WASH INC COM 302130109 $14,660 368,800 SH SOLE 368,800 0 0
EXXON MOBIL CORP COM 30231G102 $38,412 493,647 SH SOLE 493,647 0 0
FPL GROUP INC COM 302571104 $4,051 87,950 SH SOLE 87,950 0 0
FAIRMARKET INC COM 305158107 $4,909 215,800 SH SOLE 215,800 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
FAMILY DLR STORES INC COM 307000109 $4,217 202,600 SH SOLE 202,600 0 0
FEDERAL HOME LN MTG CORP COM 313400301 $6,977 157,900 SH SOLE 157,900 0 0
FEDERAL NATL MTG ASSN COM 313586109 $10,955 194,116 SH SOLE 194,116 0 0
FEDERATED DEPT STORES INC DEL COM 31410H101 $13,600 325,750 SH SOLE 325,750 0 0
FEDERATED INVS INC PA CL B 314211103 $399 14,600 SH SOLE 14,600 0 0
FINOVA GROUP INC COM 317928109 $1,345 80,000 SH SOLE 80,000 0 0
FIRST FINL HLDGS INC COM 320239106 $170 12,000 SH SOLE 12,000 0 0
FIRST UN CORP COM 337358105 $205 5,500 SH SOLE 5,500 0 0
FIRSTAR CORP NEW WIS COM 33763V109 $5,560 242,400 SH SOLE 242,400 0 0
FIRSTFED FINL CORP COM 337907109 $221 16,700 SH SOLE 16,700 0 0
FLEETBOSTON FINL CORP COM 339030108 $30,841 844,958 SH SOLE 844,958 0 0
FLUSHING FINL CORP COM 343873105 $225 16,600 SH SOLE 16,600 0 0
FORD MTR CO DEL COM 345370100 $3,280 71,400 SH SOLE 71,400 0 0
FORT JAMES CORP COM 347471104 $603 27,400 SH SOLE 27,400 0 0
FORWARD AIR CORP COM 349853101 $20,073 847,400 SH SOLE 847,400 0 0
FOSSIL INC COM 349882100 $366 15,600 SH SOLE 15,600 0 0
FULLER H B CO COM 359694106 $264 6,600 SH SOLE 6,600 0 0
FURNITURE BRANDS INTL INC COM 360921100 $2,453 130,400 SH SOLE 130,400 0 0
FUTURELINK CORP COM NEW 36114Q208 $9,264 368,700 SH SOLE 368,700 0 0
GSI LUMONICS INC COM 36229U102 $6,600 385,400 SH SOLE 385,400 0 0
GTE CORP COM 362320103 $1,012 14,256 SH SOLE 14,256 0 0
GADZOOX NETWORKS INC COM 362555104 $19,693 410,800 SH SOLE 410,800 0 0
GANNETT INC COM 364730101 $7,748 110,100 SH SOLE 110,100 0 0
GAP INC DEL COM 364760108 $252 5,062 SH SOLE 5,062 0 0
GATEWAY INC COM 367626108 $440 8,000 SH SOLE 8,000 0 0
GENE LOGIC INC COM 368689105 $7,891 187,600 SH SOLE 187,600 0 0
GENERAL DYNAMICS CORP COM 369550108 $11,541 231,980 SH SOLE 231,980 0 0
GENERAL ELEC CO COM 369604103 $46,640 299,696 SH SOLE 299,696 0 0
GENERAL GROWTH PPTYS INC COM 370021107 $9,120 299,625 SH SOLE 299,625 0 0
GENERAL MLS INC COM 370334104 $528 14,588 SH SOLE 14,588 0 0
GENERAL MTRS CORP COM 370442105 $10,001 120,764 SH SOLE 120,764 0 0
GENERAL MTRS CORP CL H NEW 370442832 $20,581 165,310 SH SOLE 165,310 0 0
GENZYME CORP COM GENL DIV 372917104 $3,855 76,900 SH SOLE 76,900 0 0
GENZYME CORP COM-MOLECULAR 372917500 $2,202 145,600 SH SOLE 145,600 0 0
GERON CORP COM 374163103 $347 12,500 SH SOLE 12,500 0 0
GETTY IMAGES INC COM 374276103 $8,790 244,600 SH SOLE 244,600 0 0
GILLETTE CO COM 375766102 $5,620 149,120 SH SOLE 149,120 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
GLIMCKER RLTY TR SH BEN INT 379302102 $1,809 134,000 SH SOLE 134,000 0 0
GLOBESPAN INC COM 379571102 $18,665 183,100 SH SOLE 183,100 0 0
GLOBIX CORP COM 37957F101 $11,662 305,900 SH SOLE 305,900 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 $12,827 411,300 SH SOLE 411,300 0 0
GREAT PLAINS SOFTWARE COM 39119E105 $9,186 172,100 SH SOLE 172,100 0 0
HNC SOFTWARE INC COM 40425P107 $10,975 152,300 SH SOLE 152,300 0 0
HADCO CORP COM 404681108 $504 7,800 SH SOLE 7,800 0 0
HAEMONETICS CORP COM 405024100 $349 15,500 SH SOLE 15,500 0 0
HAIN FOOD GROUP INC COM 405219106 $218 7,700 SH SOLE 7,700 0 0
HANNA M A CO COM 410522106 $204 18,000 SH SOLE 18,000 0 0
HARLEY DAVIDSON INC COM 412822108 $1,167 14,700 SH SOLE 14,700 0 0
HARRAHS ENTMT INC COM 413619107 $2,237 120,500 SH SOLE 120,500 0 0
HEINZ H J CO COM 423074103 $5,740 164,600 SH SOLE 164,600 0 0
HERTZ CORP CL A 428040109 $2,132 62,600 SH SOLE 62,600 0 0
HEWLETT PACKARD CO COM 428236103 $23,044 173,834 SH SOLE 173,834 0 0
HISPANIC BROADCASTING CORP CL A 43357B104 $5,844 51,600 SH SOLE 51,600 0 0
HOME DEPOT INC COM 437076102 $377 5,850 SH SOLE 5,850 0 0
HOMEBASE INC COM 43738E108 $32 16,000 SH SOLE 16,000 0 0
HONEYWELL INTL INC COM 438516106 $7,689 145,931 SH SOLE 145,931 0 0
IBP INC COM 449223106 $3,555 225,700 SH SOLE 225,700 0 0
ISS GROUP INC COM 450306105 $6,687 57,400 SH SOLE 57,400 0 0
IGATE CAPITAL CORP COM 45169U105 $17,084 378,600 SH SOLE 378,600 0 0
ILEX ONCOLOGY INC COM 451923106 $10,613 252,700 SH SOLE 252,700 0 0
ILLINOIS TOOL WKS INC COM 452308109 $1,151 20,825 SH SOLE 20,825 0 0
IMMUNOGEN INC COM 45253H101 $7,450 620,800 SH SOLE 620,800 0 0
IN FOCUS SYS INC COM 452919103 $852 23,800 SH SOLE 23,800 0 0
INFORMIX CORP COM 456779107 $562 33,200 SH SOLE 33,200 0 0
INFORTE CORP COM 45677R107 $3,626 74,000 SH SOLE 74,000 0 0
INGERSOLL RAND CO COM 456866102 $20,838 470,925 SH SOLE 470,925 0 0
INHALE THERAPEUTIC SYS INC COM 457191104 $26,939 361,600 SH SOLE 361,600 0 0
INSIGHT COMMUNICATIONS INC CL A 45768V108 $16,867 817,800 SH SOLE 817,800 0 0
INTEL CORP COM 458140100 $46,697 353,933 SH SOLE 353,933 0 0
INTERIM SVCS INC COM 45868P100 $5,710 307,620 SH SOLE 307,620 0 0
INTERLIANT INC COM 458742103 $16,012 566,800 SH SOLE 566,800 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 $13,319 112,518 SH SOLE 112,518 0 0
INTERNATIONAL HOME FOODS INC COM 459655106 $272 17,000 SH SOLE 17,000 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 $9,440 247,600 SH SOLE 247,600 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
INTERNET COMM CORP CL A 46059F109 $11,231 237,700 SH SOLE 237,700 0 0
INTERPUBLIC GROUP COS INC COM 460690100 $1,472 31,153 SH SOLE 31,153 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 $520 36,500 SH SOLE 36,500 0 0
INTERTRUST TECHNOLOGIES CORP COM 46113Q109 $2,584 60,800 SH SOLE 60,800 0 0
INTERVOICE INC COM 461142101 $606 21,000 SH SOLE 21,000 0 0
INVESTMENT TECHNOLOGY GRP NEW COM 46145F105 $363 10,300 SH SOLE 10,300 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 $2,152 67,500 SH SOLE 67,500 0 0
JOHNSON & JOHNSON COM 478160104 $18,703 266,238 SH SOLE 266,238 0 0
JOHNSON CTLS INC COM 478366107 $2,293 42,422 SH SOLE 42,422 0 0
JONES APPAREL GROUP INC COM 480074103 $22,277 698,900 SH SOLE 698,900 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 $6,356 296,500 SH SOLE 296,500 0 0
KIMBERLY CLARK CORP COM 494368103 $2,432 43,385 SH SOLE 43,385 0 0
KNIGHT RIDDER INC COM 499040103 $16,753 328,900 SH SOLE 328,900 0 0
KOPIN CORP COM 500600101 $206 3,000 SH SOLE 3,000 0 0
KROGER CO COM 501044101 $6,010 342,190 SH SOLE 342,190 0 0
KULICKE & SOFFA INDS INC COM 501242101 $468 7,300 SH SOLE 7,300 0 0
LAFARGE CORP COM 505862102 $2,249 94,700 SH SOLE 94,700 0 0
LAM RESH CORP COM 512807108 $744 16,500 SH SOLE 16,500 0 0
LANCASTER COLONY CORP COM 513847103 $928 30,375 SH SOLE 30,375 0 0
LANDSTAR SYS INC COM 515098101 $329 6,000 SH SOLE 6,000 0 0
LEAR CORP COM 521865105 $1,614 57,400 SH SOLE 57,400 0 0
LEGGETT & PLATT INC COM 524660107 $7,332 341,000 SH SOLE 341,000 0 0
LEUCADIA NATL CORP COM 527288104 $497 20,940 SH SOLE 20,940 0 0
LEVEL 8 SYS INC COM 52729M102 $14,595 312,200 SH SOLE 312,200 0 0
LIBERTY PPTY TR SH BEN INT 531172104 $9,450 394,758 SH SOLE 394,758 0 0
LILLY ELI & CO COM 532457108 $15,553 246,870 SH SOLE 246,870 0 0
LINENS N THINGS INC COM 535679104 $617 18,000 SH SOLE 18,000 0 0
LOWES COS INC COM 548661107 $2,493 42,700 SH SOLE 42,700 0 0
LUCENT TECHNOLOGIES INC COM 549463107 $1,551 25,021 SH SOLE 25,021 0 0
MBNA CORP COM 55262L100 $5,640 221,189 SH SOLE 221,189 0 0
MCI WORLDCOM INC COM 55268B106 $372 8,220 SH SOLE 8,220 0 0
MDU RES GROUP INC COM 552690109 $208 10,000 SH SOLE 10,000 0 0
MGIC INVT CORP WIS COM 552848103 $2,378 54,500 SH SOLE 54,500 0 0
MACERICH CO COM 554382101 $1,252 60,700 SH SOLE 60,700 0 0
MACK CALI RLTY CORP COM 554489104 $616 24,175 SH SOLE 24,175 0 0
MANUGISTICS GROUP INC COM 565011103 $7,774 154,700 SH SOLE 154,700 0 0
MARSH & MCLENNAN COS INC COM 571748102 $14,619 132,528 SH SOLE 132,528 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
MASTEC INC COM 576323109 $9,167 103,000 SH SOLE 103,000 0 0
MAY DEPT STORES CO COM 577778103 $429 15,050 SH SOLE 15,050 0 0
MCAFEE COM CORP CL A 579062100 $9,433 182,500 SH SOLE 182,500 0 0
MCCORMICK & CO INC COM NON VTG 579780206 $7,027 217,900 SH SOLE 0 0 217,900
MCDONALDS CORP COM 580135101 $1,368 36,600 SH SOLE 36,600 0 0
MEDIA METRIX INC COM 58440X103 $17,690 421,200 SH SOLE 421,200 0 0
MEDTRONIC INC COM 585055106 $12,172 236,638 SH SOLE 236,638 0 0
MENS WEARHOUSE INC COM 587118100 $2,246 75,800 SH SOLE 75,800 0 0
MERCK & CO INC COM 589331107 $25,678 413,332 SH SOLE 413,332 0 0
MERCURY INTERACTIVE CORP COM 589405109 $17,261 217,800 SH SOLE 217,800 0 0
MICREL INC COM 594793101 $20,285 211,300 SH SOLE 211,300 0 0
MICROSOFT CORP COM 594918104 $7,729 72,743 SH SOLE 72,743 0 0
MIDCAP SPDR TR UNIT SER 1 595635103 $3,075 33,700 SH SOLE 0 0 33,700
MILACRON INC COM 598709103 $295 20,445 SH SOLE 20,445 0 0
MINNESOTA MNG & MFG CO COM 604059105 $938 10,590 SH SOLE 10,590 0 0
MOHAWK INDS INC COM 608190104 $2,851 127,400 SH SOLE 127,400 0 0
MONACO COACH CORP COM 60886R103 $348 18,300 SH SOLE 18,300 0 0
MORGAN J P & CO INC COM 616880100 $2,670 20,266 SH SOLE 20,266 0 0
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446448 $15,271 187,232 SH SOLE 187,232 0 0
MORGAN STANLEY EMERGING MKTS COM 61744G107 $11,362 653,900 SH SOLE 653,900 0 0
MORGAN STANLEY INDIA INVT FD COM 61745C105 $287 21,800 SH SOLE 0 0 0
MUELLER INDS INC COM 624756102 $2,384 78,500 SH SOLE 78,500 0 0
NBTY INC COM 628782104 $1,852 135,300 SH SOLE 135,300 0 0
NCO GROUP INC COM 628858102 $15,250 477,500 SH SOLE 477,500 0 0
NVR INC COM 62944T105 $346 6,400 SH SOLE 6,400 0 0
NASDAQ 100 TR UNIT SER 1 631100104 $3,734 34,100 SH SOLE 0 0 34,100
NATIONAL AUSTRALIA BK LTD CAP UTS EXCHBL 632525309 $399 16,600 SH SOLE 0 0 0
NAVISTAR INTL CORP NEW COM 63934E108 $8,715 217,200 SH SOLE 217,200 0 0
NEOSE TECHNOLOGIES INC COM 640522108 $2,984 92,700 SH SOLE 92,700 0 0
NETSCOUT SYS INC COM 64115T104 $8,594 513,100 SH SOLE 513,100 0 0
NEW YORK TIMES CO CL A 650111107 $4,017 93,562 SH SOLE 93,562 0 0
NEWELL RUBBERMAID INC COM 651229106 $295 11,872 SH SOLE 11,872 0 0
NORTH FORK BANCORPORATION NY COM 659424105 $3,370 188,518 SH SOLE 188,518 0 0
NORTHERN TR CORP COM 665859104 $583 8,624 SH SOLE 8,624 0 0
NORTHPOINT COMMUNICATIONS HLDG COM 666610100 $359 15,557 SH SOLE 15,557 0 0
NSTAR COM 67019E107 $403 9,600 SH SOLE 9,600 0 0
NUCOR CORP COM 670346105 $2,970 59,400 SH SOLE 59,400 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
OTG SOFTWARE INC COM 671059103 $371 9,200 SH SOLE 9,200 0 0
OFFICE DEPOT INC COM 676220106 $2,041 176,500 SH SOLE 176,500 0 0
OMNICOM GROUP INC COM 681919106 $34,552 369,785 SH SOLE 369,785 0 0
PE CORP COM PE BIO GRP 69332S102 $550 5,700 SH SOLE 5,700 0 0
PE CORP CELERA GEN GRP 69332S201 $1,312 14,240 SH SOLE 14,240 0 0
PMI GROUP INC COM 69344M101 $10,076 212,400 SH SOLE 212,400 0 0
PNC BK CORP COM 693475105 $8,116 180,100 SH SOLE 180,100 0 0
PRI AUTOMATION INC COM 69357H106 $12,928 211,500 SH SOLE 211,500 0 0
PACCAR INC COM 693718108 $3,725 74,500 SH SOLE 74,500 0 0
PACIFIC SUNWEAR CALIF INC COM 694873100 $2,664 69,200 SH SOLE 69,200 0 0
PAN PACIFIC RETAIL PPTYS INC COM 69806L104 $1,571 85,200 SH SOLE 85,200 0 0
PARKWAY PPTYS INC COM 70159Q104 $1,125 38,200 SH SOLE 38,200 0 0
PAXSON COMMUNICATIONS CORP COM 704231109 $5,850 754,800 SH SOLE 754,800 0 0
PENTAIR INC COM 709631105 $1,649 44,500 SH SOLE 44,500 0 0
PERICOM SEMICONDUCTOR CORP COM 713831105 $16,591 464,900 SH SOLE 464,900 0 0
PHARMACYCLICS INC COM 716933106 $601 10,800 SH SOLE 10,800 0 0
PFIZER INC COM 717081103 $6,067 165,942 SH SOLE 165,942 0 0
PHILIP MORRIS COS INC COM 718154107 $1,712 82,520 SH SOLE 82,520 0 0
PHONE COM INC COM 71920Q100 $538 3,298 SH SOLE 3,298 0 0
PHOTRONICS INC COM 719405102 $26,961 763,500 SH SOLE 763,500 0 0
PIEDMONT NAT GAS INC COM 720186105 $302 11,600 SH SOLE 11,600 0 0
PIER 1 IMPORTS INC COM 720279108 $403 39,300 SH SOLE 39,300 0 0
PINNACLE HLDGS INC COM 72346N101 $35,382 640,400 SH SOLE 640,400 0 0
PINNACLE SYS INC COM 723481107 $728 21,900 SH SOLE 21,900 0 0
PLANTRONICS INC NEW COM 727493108 $363 3,900 SH SOLE 3,900 0 0
PLEXUS CORP COM 729132100 $493 7,400 SH SOLE 7,400 0 0
POLYMEDICA CORP COM 731738100 $15,698 267,200 SH SOLE 267,200 0 0
POTASH CORP SASK INC COM 73755L107 $375 7,500 SH SOLE 7,500 0 0
PRAXAIR INC COM 74005P104 $2,885 69,320 SH SOLE 69,320 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 $10,525 471,700 SH SOLE 471,700 0 0
PRICE T ROWE & ASSOCIATES COM 741477103 $2,196 55,600 SH SOLE 55,600 0 0
PRIORITY HEALTHCARE CORP CL B 74264T102 $407 8,100 SH SOLE 8,100 0 0
PROCTER & GAMBLE CO COM 742718109 $6,224 110,649 SH SOLE 110,649 0 0
PROFIT RECOVERY GROUP INTL INC COM 743168106 $220 11,900 SH SOLE 11,900 0 0
PROGENICS PHARMACEUTICALS INC COM 743187106 $22,701 324,300 SH SOLE 324,300 0 0
PROGRESS SOFTWARE CORP COM 743312100 $593 25,300 SH SOLE 25,300 0 0
PROTECTIVE LIFE CORP COM 743674103 $3,226 101,600 SH SOLE 101,600 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
PROTEIN DESIGN LABS INC COM 74369L103 $254 3,200 SH SOLE 3,200 0 0
PROVIDENT FINL GROUP INC COM 743866105 $1,345 39,500 SH SOLE 39,500 0 0
PROXICOM INC COM 744282104 $4,967 112,100 SH SOLE 112,100 0 0
PULTE CORP COM 745867101 $1,152 55,200 SH SOLE 55,200 0 0
QRS CORP COM 74726X105 $2,506 33,300 SH SOLE 33,300 0 0
QLOGIC CORP COM 747277101 $26,138 192,900 SH SOLE 192,900 0 0
QUAKER OATS CO COM 747402105 $16,478 271,800 SH SOLE 271,800 0 0
QUANTA SVCS INC COM 74762E102 $15,032 247,700 SH SOLE 247,700 0 0
QUEST DIAGNOSTICS INC COM 74834L100 $382 9,600 SH SOLE 9,600 0 0
QUICKLOGIC CORP COM 74837P108 $32,093 947,400 SH SOLE 947,400 0 0
RADIO ONE INC CL A 75040P108 $3,265 49,000 SH SOLE 49,000 0 0
RADIO UNICA COMMUNICATIONS CP COM 75040Q106 $1,178 99,700 SH SOLE 99,700 0 0
RALSTON PURINA CO COM RAL-PUR GP 751277302 $3,218 117,000 SH SOLE 117,000 0 0
RARE HOSPITALITY INTL INC COM 753820109 $346 17,800 SH SOLE 17,800 0 0
RARE MEDIUM GROUP INC COM 75382N109 $8,865 200,900 SH SOLE 200,900 0 0
RATIONAL SOFTWARE CORP COM NEW 75409P202 $1,423 18,600 SH SOLE 18,600 0 0
READERS DIGEST ASSN INC CL A NON VTG 755267101 $2,183 61,700 SH SOLE 0 0 61,700
REGENT COMMUNICATIONS INC DEL COM 758865109 $4,649 375,700 SH SOLE 375,700 0 0
REGIONS FINL CORP COM 758940100 $341 14,940 SH SOLE 14,940 0 0
REHABCARE GROUP INC COM 759148109 $291 11,800 SH SOLE 11,800 0 0
RELIASTAR FINL CORP COM 75952U103 $23,221 685,489 SH SOLE 685,489 0 0
RENAL CARE GROUP INC COM 759930100 $2,021 93,200 SH SOLE 93,200 0 0
REYNOLDS & REYNOLDS CO CL A 761695105 $2,962 109,716 SH SOLE 109,716 0 0
ROHM & HAAS CO COM 775371107 $96,989 2,173,414 SH SOLE 2,173,414 0 0
ROSS STORES INC COM 778296103 $2,300 95,600 SH SOLE 95,600 0 0
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 $6,354 109,900 SH SOLE 109,900 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 $7,776 169,500 SH SOLE 169,500 0 0
SBC COMMUNICATIONS INC COM 78387G103 $7,919 187,991 SH SOLE 187,991 0 0
SCI SYS INC COM 783890106 $16,827 312,700 SH SOLE 312,700 0 0
SEI INVESTMENTS CO COM 784117103 $352 3,100 SH SOLE 3,100 0 0
SPDR TR UNIT SER 1 78462F103 $8,248 54,849 SH SOLE 0 0 54,849
S1 CORPORATION COM 78463B101 $2,871 33,500 SH SOLE 33,500 0 0
SAFEWAY INC COM NEW 786514208 $23,073 509,890 SH SOLE 509,890 0 0
SANCHEZ COMPUTER ASSOCS INC COM 799702105 $4,240 120,700 SH SOLE 120,700 0 0
SAPIENT CORP COM 803062108 $336 4,000 SH SOLE 4,000 0 0
SARA LEE CORP COM 803111103 $675 37,500 SH SOLE 37,500 0 0
SCHERING PLOUGH CORP COM 806605101 $28,785 783,268 SH SOLE 783,268 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
SCHLUMBERGER LTD COM 806857108 $4,781 62,500 SH SOLE 62,500 0 0
SEAGRAM LTD COM 811850106 $922 15,500 SH SOLE 15,500 0 0
SEARS ROEBUCK & CO COM 812387108 $221 7,200 SH SOLE 7,200 0 0
SECURITY CAP GROUP INC CL A 81413P105 $687 1,146 SH SOLE 1,146 0 0
SEMTECH CORP COM 816850101 $42,954 670,500 SH SOLE 670,500 0 0
SHARED MED SYS CORP COM 819486101 $2,417 46,600 SH SOLE 46,600 0 0
SHAW GROUP INC COM 820280105 $451 12,800 SH SOLE 12,800 0 0
SHERWIN WILLIAMS CO COM 824348106 $1,493 67,500 SH SOLE 67,500 0 0
SKYWEST INC COM 830879102 $11,667 298,200 SH SOLE 298,200 0 0
SMARTDISK CORP COM 83169Q105 $8,694 328,090 SH SOLE 328,090 0 0
SMARTFORCE PUB LTD CO SPONSORED ADR 83170A206 $13,863 302,200 SH SOLE 302,200 0 0
SOUTHTRUST CORP COM 844730101 $5,932 233,200 SH SOLE 233,200 0 0
SPORTSLINE USA INC COM 848934105 $20,636 701,000 SH SOLE 701,000 0 0
STAMPS COM INC COM 852857101 $8,301 429,800 SH SOLE 429,800 0 0
STATION CASINOS INC COM 857689103 $1,952 89,500 SH SOLE 89,500 0 0
STEEL DYNAMICS INC COM 858119100 $198 17,100 SH SOLE 17,100 0 0
STERIS CORP COM 859152100 $3,392 330,900 SH SOLE 330,900 0 0
STRYKER CORP COM 863667101 $2,860 41,000 SH SOLE 41,000 0 0
SUMMIT BANCORP COM 866005101 $1,838 70,000 SH SOLE 70,000 0 0
SUN MICROSYSTEMS INC COM 866810104 $46,952 501,076 SH SOLE 501,076 0 0
SUNGARD DATA SYS INC COM 867363103 $1,338 35,450 SH SOLE 35,450 0 0
SUNQUEST INFORMATION SYS INC COM 867654105 $224 19,900 SH SOLE 19,900 0 0
SUNTRUST BKS INC COM 867914103 $664 11,500 SH SOLE 11,500 0 0
SUPERIOR CONSULTANT HLDGS CORP COM 868146101 $8,882 528,300 SH SOLE 528,300 0 0
SUPERVALU INC COM 868536103 $7,367 389,041 SH SOLE 389,041 0 0
SYBRON INTL CORP COM 87114F106 $12,569 433,400 SH SOLE 433,400 0 0
SYMANTEC CORP COM 871503108 $1,202 16,000 SH SOLE 16,000 0 0
SYMBOL TECHNOLOGIES INC COM 871508107 $21,687 263,475 SH SOLE 263,475 0 0
SYNOPSYS INC COM 871607107 $787 16,150 SH SOLE 16,150 0 0
SYSCO CORP COM 871829107 $304 8,425 SH SOLE 8,425 0 0
TJX COS INC NEW COM 872540109 $11,724 528,400 SH SOLE 528,400 0 0
TMP WORLDWIDE INC COM 872941109 $210 2,700 SH SOLE 2,700 0 0
TALBOTS INC COM 874161102 $553 9,400 SH SOLE 9,400 0 0
TALK COM INC COM 874264104 $451 28,200 SH SOLE 28,200 0 0
TARGET CORP COM 87612E106 $17,830 238,524 SH SOLE 238,524 0 0
TELEFONOS DE MEXICO S A SPNS ADR ORD L 879403780 $267 4,000 SH SOLE 4,000 0 0
TELLABS INC COM 879664100 $4,831 76,700 SH SOLE 76,700 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
TEMPLETON EMERGING MKTS FD INC COM 880191101 $294 27,000 SH SOLE 0 0 0
TENFOLD CORP COM 88033A103 $4,386 72,500 SH SOLE 72,500 0 0
TERADYNE INC COM 880770102 $3,296 40,200 SH SOLE 40,200 0 0
TEREX CORP NEW COM 880779103 $162 11,300 SH SOLE 11,300 0 0
TEXACO INC COM 881694103 $2,757 51,300 SH SOLE 51,300 0 0
TEXAS INSTRS INC COM 882508104 $18,016 112,600 SH SOLE 112,600 0 0
TEXTRON INC COM 883203101 $4,081 67,036 SH SOLE 67,036 0 0
THERMA-WAVE INC COM 88343A108 $6,052 178,000 SH SOLE 178,000 0 0
TIME WARNER INC COM 887315109 $6,564 65,637 SH SOLE 65,637 0 0
TRANSKARYOTIC THERAPIES INC COM 893735100 $3,610 64,900 SH SOLE 64,900 0 0
TRIANGLE PHARMACEUTICALS INC COM 89589H104 $1,545 98,100 SH SOLE 98,100 0 0
TRIBUNE CO NEW COM 896047107 $709 19,400 SH SOLE 19,400 0 0
TRICORD SYSTEMS INC COM 896121100 $2,350 245,800 SH SOLE 245,800 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674K103 $434 5,900 SH SOLE 5,900 0 0
TWEETER HOME ENTMT GROUP INC COM 901167106 $12,417 280,600 SH SOLE 280,600 0 0
TYCO INTL LTD NEW COM 902124106 $38,683 775,598 SH SOLE 775,598 0 0
USA NETWORKS INC COM 902984103 $677 30,000 SH SOLE 30,000 0 0
URS CORP NEW COM 903236107 $173 13,200 SH SOLE 13,200 0 0
U S FOODSERVICE COM 90331R101 $561 21,800 SH SOLE 21,800 0 0
UNION PAC CORP COM 907818108 $233 5,960 SH SOLE 5,960 0 0
UNISYS CORP COM 909214108 $8,238 323,060 SH SOLE 323,060 0 0
UNITED STATIONERS INC COM 913004107 $607 17,000 SH SOLE 17,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 $38,102 603,000 SH SOLE 603,000 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 $15,814 203,400 SH SOLE 203,400 0 0
UNIVERSAL FOODS CORP COM 913538104 $9,977 466,754 SH SOLE 466,754 0 0
UNUM PROVIDENT CORP COM 91529Y106 $719 42,475 SH SOLE 42,475 0 0
USFREIGHTWAYS CORP COM 916906100 $9,412 251,400 SH SOLE 251,400 0 0
USINTERNETWORKING INC COM 917311805 $3,066 79,125 SH SOLE 79,125 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 $1,399 42,000 SH SOLE 42,000 0 0
VARIAN SEMICONDUCTOR EQUIPMNT COM 922207105 $24,782 389,500 SH SOLE 389,500 0 0
VEECO INSTRS INC DEL COM 922417100 $33,122 447,600 SH SOLE 447,600 0 0
VERISIGN INC COM 92343E102 $434 2,900 SH SOLE 2,900 0 0
VICAL INC COM 925602104 $18,817 561,700 SH SOLE 561,700 0 0
VIROPNARMA INC COM 928241108 $3,961 64,600 SH SOLE 64,600 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 $723 13,003 SH SOLE 13,003 0 0
VISUAL NETWORKS INC COM 928444108 $14,935 263,177 SH SOLE 263,177 0 0
VODAFONE GROUP PLC SPONSORED ADR 92857T107 $917 16,500 SH SOLE 16,500 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- ------------------------------------------------------------------------------------------------------------------------------------
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>
WAL MART STORES INC COM 931142103 $2,166 38,340 SH SOLE 38,340 0 0
WALGREEN CO COM 931422109 $1,396 54,204 SH SOLE 54,204 0 0
WARNER LAMBERT CO COM 934488107 $11,782 120,836 SH SOLE 120,836 0 0
WASTE CONNECTIONS INC COM 941053100 $3,904 322,000 SH SOLE 322,000 0 0
WATERS CORP COM 941848103 $9,311 97,750 SH SOLE 97,750 0 0
WATSON PHARMACEUTICALS INC COM 942683103 $18,520 466,650 SH SOLE 466,650 0 0
WELLPOINT HEALTH NETWORK NEW COM 94973H108 $2,215 31,700 SH SOLE 31,700 0 0
WELLS FARGO & CO NEW COM 949746101 $5,875 144,176 SH SOLE 144,176 0 0
WESTVACO CORP COM 961548104 $5,526 165,587 SH SOLE 165,587 0 0
WESTWOOD ONE INC COM 961815107 $35,108 968,500 SH SOLE 968,500 0 0
WEYERHAEUSER CO COM 962166104 $1,741 30,537 SH SOLE 30,537 0 0
WHIRLPOOL CORP COM 963320106 $8,630 147,200 SH SOLE 147,200 0 0
WILLIAMS SONOMA INC COM 969904101 $12,106 390,500 SH SOLE 390,500 0 0
WORLDGATE COMMUNICATIONS INC COM 98156L307 $4,125 137,200 SH SOLE 137,200 0 0
ZALE CORP NEW COM 988858106 $406 8,600 SH SOLE 8,600 0 0
ZOLL MED CORP COM 989922109 $497 9,700 SH SOLE 9,700 0 0
ACE LTD ORD G0070K103 $1,975 86,350 SH SOLE 86,350 0 0
XCELERA COM INC COM G31611109 $3,856 24,100 SH SOLE 24,100 0 0
RENAISSANCE RE HLDGS LTD COM G7496G103 $204 5,000 SH SOLE 5,000 0 0
HILFIGER TOMMY CORP ORD G8915Z102 $1,807 124,600 SH SOLE 124,600 0 0
TRANSOCEAN SEDCO FOREX INC ORD G90078109 $596 11,616 SH SOLE 11,616 0 0
SBS BROADCASTING SA ORD L8137F102 $17,208 279,800 SH SOLE 279,800 0 0
CORE LABORATORIES N V COM N22717107 $12,090 416,000 SH SOLE 416,000 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 $594 21,200 SH SOLE 21,200 0 0
</TABLE>
