UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 December 31, 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.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: 498
Form 13F Information Table Value Total: $3,808,001,000
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>
1 800 FLOWERS COM CL A 68243Q106 2774 259,600 SH SOLE 259,600 0 0
24 / 7 MEDIA INC COM 901314104 9928 176,500 SH SOLE 176,500 0 0
A D C TELECOMMUNICATIONS COM 000886101 497 6,855 SH SOLE 6,855 0 0
ABBOTT LABS COM 002824100 14811 407,880 SH SOLE 407,880 0 0
ABERCROMBIE & FITCH CO CL A 002896207 1737 65,100 SH SOLE 65,100 0 0
ACE LTD ORD G0070K103 590 35,350 SH SOLE 35,350 0 0
ADAC LABS COM NEW 005313200 8319 773,900 SH SOLE 773,900 0 0
ADAPTEC INC COM 00651F108 1441 28,900 SH SOLE 28,900 0 0
ADAPTIVE BROADBAND CORP COM 00650M104 26735 362,200 SH SOLE 362,200 0 0
ADOBE SYS INC COM 00724F101 10706 159,200 SH SOLE 159,200 0 0
ADT OPERATIONS LYON ZERO CPN 10 000945AC9 202 100,000 PRN SOLE 0 0 100,000
ADVO INC COM 007585102 204 8,600 SH SOLE 8,600 0 0
AES CORP COM 00130H105 3390 45,355 SH SOLE 45,355 0 0
AES CORP JR SBDB CV4.5%05 00130HAN5 145 100,000 PRN SOLE 0 0 100,000
AFFILIATED COMPUTER SERVICES SB NT CV 4% 05 008190AD2 117 100,000 PRN SOLE 0 0 100,000
ALBERTSONS INC COM 013104104 1934 59,970 SH SOLE 59,970 0 0
ALCOA INC COM 013817101 836 10,075 SH SOLE 10,075 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 13246 439,700 SH SOLE 439,700 0 0
ALKERMES INC COM 01642T108 15054 306,450 SH SOLE 306,450 0 0
ALLMERICA FINL CORP COM 019754100 4517 81,200 SH SOLE 81,200 0 0
ALLSCRIPTS INC COM 019886100 8435 191,700 SH SOLE 191,700 0 0
ALLSTATE CORP COM 020002101 1593 66,218 SH SOLE 66,218 0 0
ALTERA CORP COM 021441100 287 5,800 SH SOLE 5,800 0 0
AMBAC FINL GROUP INC COM 023139108 13942 267,150 SH SOLE 267,150 0 0
AMERICA ONLINE INC DEL COM 02364J104 269 3,540 SH SOLE 3,540 0 0
AMERICA ONLINE INC DEL SUB NT CV 144A02 02364JAA2 231 20,000 PRN SOLE 0 0 20,000
AMERICAN EXPRESS CO COM 025816109 247 1,488 SH SOLE 1,488 0 0
AMERICAN GENERAL CORP COM 026351106 3783 49,864 SH SOLE 49,864 0 0
AMERICAN HOME PRODS CORP COM 026609107 3135 79,862 SH SOLE 79,862 0 0
AMERICAN INTL GROUP INC COM 026874107 1315 12,158 SH SOLE 12,158 0 0
AMERICAN PWR CONVERSION CORP COM 029066107 33950 1,287,200 SH SOLE 1,287,200 0 0
AMERICREDIT CORP COM 03060R101 6728 363,700 SH SOLE 363,700 0 0
AMERISOURCE HEALTH CORP CL A 03071P102 4357 286,900 SH SOLE 286,900 0 0
AMES DEPT STORES INC COM NEW 030789507 282 9,800 SH SOLE 9,800 0 0
AMGEN INC COM 031162100 17615 293,276 SH SOLE 293,276 0 0
AMPHENOL CORP NEW CL A 032095101 286 4,300 SH SOLE 4,300 0 0
AMSOUTH BANCORPORATION COM 032165102 16186 838,125 SH SOLE 838,125 0 0
ANADARKO PETE CORP COM 032511107 327 9,580 SH SOLE 9,580 0 0
ANALOG DEVICES INC COM 032654105 12174 130,900 SH SOLE 130,900 0 0
ANDOVER BANCORP INC DEL COM 034258103 260 9,300 SH SOLE 9,300 0 0
ANHEUSER BUSCH COS INC COM 035229103 2821 39,800 SH SOLE 39,800 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 2795 70,200 SH SOLE 70,200 0 0
APPLE COMPUTER INC COM 037833100 15617 151,900 SH SOLE 151,900 0 0
APPLIED MICRO CIRCUITS CORP COM 03822W109 31116 244,526 SH SOLE 244,526 0 0
ASIA PAC FD INC COM 044901106 113 10,000 SH SOLE 0 0 0
ASPEN TECHNOLOGY INC COM 045327103 2297 86,900 SH SOLE 86,900 0 0
AT&T CORP COM 001957109 10645 209,764 SH SOLE 209,764 0 0
ATLANTIC COAST AIRLINES HLDGS COM 048396105 11310 476,200 SH SOLE 476,200 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>
ATLANTIC RICHFIELD CO COM 048825103 1425 16,474 SH SOLE 16,474 0 0
ATMI INC COM 00207R101 26295 795,300 SH SOLE 795,300 0 0
ATPLAN INC COM 04962Q100 272 27,500 SH SOLE 27,500 0 0
AVALONBAY CMNTYS INC COM 053484101 2070 59,790 SH SOLE 59,790 0 0
AVERY DENNISON CORP COM 053611109 7357 100,960 SH SOLE 100,960 0 0
BALL CORP COM 058498106 7304 185,500 SH SOLE 185,500 0 0
BANK OF AMERICA CORPORATION COM 060505104 4204 83,764 SH SOLE 83,764 0 0
BANK ONE CORP COM 06423A103 1009 31,543 SH SOLE 31,543 0 0
BAY VIEW CAP CORP DEL COM 07262L101 160 11,300 SH SOLE 11,300 0 0
BEA SYS INC COM 073325102 9567 136,800 SH SOLE 136,800 0 0
BECTON DICKINSON & CO COM 075887109 3941 146,300 SH SOLE 146,300 0 0
BELL ATLANTIC CORP COM 077853109 26628 432,536 SH SOLE 432,536 0 0
BELLSOUTH CORP COM 079860102 23573 503,562 SH SOLE 503,562 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 2551 1,394 SH SOLE 1,394 0 0
BESTFOODS COM 08658U101 16604 315,900 SH SOLE 315,900 0 0
BINDLEY WESTN INDS INC COM 090324104 185 12,266 SH SOLE 12,266 0 0
BIOMET INC COM 090613100 18496 462,400 SH SOLE 462,400 0 0
BJS WHOLESALE CLUB INC COM 05548J106 6904 189,160 SH SOLE 189,160 0 0
BLACK & DECKER CORP COM 091797100 7393 141,500 SH SOLE 141,500 0 0
BLANCH E W HLDGS INC COM 093210102 361 5,900 SH SOLE 5,900 0 0
BLUESTONE SOFTWARE INC COM 09623P102 8441 73,400 SH SOLE 73,400 0 0
BMC SOFTWARE INC COM 055921100 8817 110,300 SH SOLE 110,300 0 0
BOSTON PROPERTIES INC COM 101121101 2860 91,900 SH SOLE 91,900 0 0
BOTTOMLINE TECH DEL INC COM 101388106 11056 307,100 SH SOLE 307,100 0 0
BP AMOCO P L C SPONSORED ADR 055622104 50571 852,611 SH SOLE 852,611 0 0
BRIGGS & STRATTON CORP COM 109043109 215 4,000 SH SOLE 4,000 0 0
BRINKER INTL INC COM 109641100 11887 495,300 SH SOLE 495,300 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 20992 327,046 SH SOLE 327,046 0 0
BURLINGTON NORTHN SANTA FE CP COM 12189T104 2669 110,071 SH SOLE 110,071 0 0
BURR BROWN CORP COM 122574106 24482 677,700 SH SOLE 677,700 0 0
C&D TECHNOLOGIES INC COM 124661109 332 7,800 SH SOLE 7,800 0 0
CABOT CORP COM 127055101 13755 675,106 SH SOLE 675,106 0 0
CABOT OIL & GAS CORP CL A 127097103 1600 99,633 SH SOLE 99,633 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 1289 53,700 SH SOLE 53,700 0 0
CAL DIVE INTL INC COM 127914109 8954 270,300 SH SOLE 270,300 0 0
CALIPER TECHNOLOGIES CORP COM 130876105 5133 76,900 SH SOLE 76,900 0 0
CALPINE CORP COM 131347106 6413 100,200 SH SOLE 100,200 0 0
CARDINAL HEALTH INC COM 14149Y108 4259 88,966 SH SOLE 88,966 0 0
CARLISLE COS INC COM 142339100 2974 82,600 SH SOLE 82,600 0 0
CARNIVAL CORP COM 143658102 23108 483,300 SH SOLE 483,300 0 0
CAROLINA PWR & LT CO COM 144141108 813 26,700 SH SOLE 26,700 0 0
CASCADE NAT GAS CORP COM 147339105 234 14,500 SH SOLE 14,500 0 0
CBL & ASSOC PPTYS INC COM 124830100 3104 150,500 SH SOLE 150,500 0 0
CCBT FINL COS INC COM 12500Q102 314 20,416 SH SOLE 20,416 0 0
CENTEX CONSTRUCTION PRODUCTS COM 15231R109 328 8,400 SH SOLE 8,400 0 0
CENTURYTEL INC COM 156700106 18941 399,814 SH SOLE 399,814 0 0
CEPHALON INC COM 156708109 21999 636,500 SH SOLE 636,500 0 0
CERIDIAN CORP COM 15677T106 2376 110,200 SH SOLE 110,200 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>
CHASE MANHATTAN CORP NEW COM 16161A108 5650 72,725 SH SOLE 72,725 0 0
CHECKFREE HLDGS CORP COM 162816102 4730 45,266 SH SOLE 45,266 0 0
CHEVRON CORPORATION COM 166751107 5835 67,355 SH SOLE 67,355 0 0
CHUBB CORP COM 171232101 312 5,548 SH SOLE 5,548 0 0
CIGNA CORP COM 125509109 1732 21,500 SH SOLE 21,500 0 0
CINAR CORP SUB VTG SKS B 171905300 18282 746,200 SH SOLE 746,200 0 0
CISCO SYS INC COM 17275R102 1097 10,244 SH SOLE 10,244 0 0
CITADEL COMMUNICATIONS CORP COM 172853202 21662 333,900 SH SOLE 333,900 0 0
CITIGROUP INC COM 172967101 10677 192,169 SH SOLE 192,169 0 0
CLAIRE'S STORES INC COM 179584107 896 40,025 SH SOLE 40,025 0 0
CLARUS CORP COM 182707109 11576 175,400 SH SOLE 175,400 0 0
CLAYTON HOMES INC COM 184190106 2805 305,306 SH SOLE 305,306 0 0
CLOROX CO DEL COM 189054109 443 8,792 SH SOLE 8,792 0 0
CMGI INC COM 125750109 249 900 SH SOLE 900 0 0
CNET INC COM 125945105 2730 48,100 SH SOLE 48,100 0 0
COASTAL CORP COM 190441105 9607 271,100 SH SOLE 271,100 0 0
COCA COLA CO COM 191216100 4824 82,816 SH SOLE 82,816 0 0
COLDWATER CREEK INC COM 193068103 226 11,000 SH SOLE 11,000 0 0
COLGATE PALMOLIVE CO COM 194162103 357 5,490 SH SOLE 5,490 0 0
COLLECTORS UNIVERSE INC COM 19421R101 1461 233,700 SH SOLE 233,700 0 0
COMMERCE GROUP INC MASS COM 200641108 235 9,000 SH SOLE 9,000 0 0
COMMONWEALTH BANCORP INC COM 20268X102 268 16,100 SH SOLE 16,100 0 0
COMPAQ COMPUTER CORP COM 204493100 4280 158,145 SH SOLE 158,145 0 0
COMPUTER ASSOC INTL INC COM 204912109 32487 464,518 SH SOLE 464,518 0 0
CONAGRA INC COM 205887102 290 12,800 SH SOLE 12,800 0 0
CONSECO INC COM 208464107 19706 1,102,455 SH SOLE 1,102,455 0 0
CONSTELLATION ENERGY CORP COM 210371100 383 13,200 SH SOLE 13,200 0 0
COOPER CAMERON CORP COM 216640102 210 4,300 SH SOLE 4,300 0 0
COORS ADOLPH CC CL B 217016104 1470 28,000 SH SOLE 28,000 0 0
COPART INC COM 217204106 809 18,600 SH SOLE 18,600 0 0
COPPER MTN NETWORKS INC COM 217510106 254 5,204 SH SOLE 5,204 0 0
COR THERAPEUTICS INC COM 217753102 5950 221,400 SH SOLE 221,400 0 0
CORDANT TECHNOLOGIES INC COM 218412104 8224 249,200 SH SOLE 249,200 0 0
CORE LABORATORIES N V COM N22717107 11131 554,800 SH SOLE 554,800 0 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 5263 94,200 SH SOLE 94,200 0 0
COSTAR GROUP INC COM 22160N109 25457 709,600 SH SOLE 709,600 0 0
COSTCO WHSL CORP NEW COM 22160K105 8226 90,150 SH SOLE 90,150 0 0
CREDENCE SYS CORP COM 225302108 11574 133,800 SH SOLE 133,800 0 0
CREE RESH INC COM 225447101 16435 192,500 SH SOLE 192,500 0 0
CULLEN FROST BANKERS INC COM 229899109 7380 286,600 SH SOLE 286,600 0 0
CVS CORP COM 126650100 27050 677,300 SH SOLE 677,300 0 0
CYBEX COMPUTER PRODS CORP COM 232522102 13555 334,700 SH SOLE 334,700 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 12267 378,900 SH SOLE 378,900 0 0
DALLAS SEMICONDUCTOR CORP COM 235204104 612 9,500 SH SOLE 9,500 0 0
DATA RETURN CORP COM 23785M104 17569 328,400 SH SOLE 328,400 0 0
DELL COMPUTER CORP COM 247025109 326 6,400 SH SOLE 6,400 0 0
DELPHI FINL GROUP INC CL A 247131105 9423 314,111 SH SOLE 314,111 0 0
DENTSPLY INTL INC NEW COM 249030107 2535 107,300 SH SOLE 107,300 0 0
</TABLE>
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<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>
DEVON ENERGY CORP COM 25179M103 240 7,300 SH SOLE 7,300 0 0
DEVRY INC DEL COM 251893103 1129 60,600 SH SOLE 60,600 0 0
DIAMOND TECHNOLOGY PARTNERS CL A 252762109 5938 69,100 SH SOLE 69,100 0 0
DIEBOLD INC COM 253651103 571 24,300 SH SOLE 24,300 0 0
DIGEX INC DEL CL A 253756100 29095 423,200 SH SOLE 423,200 0 0
DIGIMARC CORP COM 253807101 11695 233,900 SH SOLE 233,900 0 0
DIGITAL IS INC DEL COM 25385N101 7610 80,000 SH SOLE 80,000 0 0
DIGITAL RIV INC COM 25388B104 12692 381,000 SH SOLE 381,000 0 0
DII GROUP INC COM 232949107 596 8,400 SH SOLE 8,400 0 0
DISNEY WALT CO COM DISNEY 254687106 522 17,848 SH SOLE 17,848 0 0
DOUBLECLICK INC COM 258609304 14302 56,516 SH SOLE 56,516 0 0
DOVER CORP COM 260003108 5091 112,200 SH SOLE 112,200 0 0
DOW CHEM CO COM 260543103 1831 13,700 SH SOLE 13,700 0 0
DRIL-QUIP INC COM 262037104 1795 59,100 SH SOLE 59,100 0 0
DSP GROUP INC COM 23332B106 623 6,700 SH SOLE 6,700 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 3885 58,969 SH SOLE 58,969 0 0
DUKE ENERGY CORP COM 264399106 1625 32,411 SH SOLE 32,411 0 0
DUKE REALTY INVT INC COM NEW 264411505 1115 57,200 SH SOLE 57,200 0 0
DYCOM INDS INC COM 267475101 8808 199,900 SH SOLE 199,900 0 0
E M C CORP MASS COM 268648102 202 1,845 SH SOLE 1,845 0 0
EAGLE USA AIRFREIGHT INC COM 270018104 28288 655,950 SH SOLE 655,950 0 0
EARTHGRAINS CO COM 270319106 2574 159,600 SH SOLE 159,600 0 0
EATON CORP COM 278058102 291 4,000 SH SOLE 4,000 0 0
EBENX INC COM 278668108 13824 305,500 SH SOLE 305,500 0 0
EL PASO ENERGY CORP DEL COM 283905107 15342 395,285 SH SOLE 395,285 0 0
EMC CORP SB NT CV 3.25%02 26865YAA2 238 25,000 PRN SOLE 0 0 25,000
EMERSON ELEC CO COM 291011104 2240 39,040 SH SOLE 39,040 0 0
EMMIS COMMUNICATIONS CORP CL A 291525103 20254 162,500 SH SOLE 162,500 0 0
EMULEX CORP COM NEW 292475209 23164 205,900 SH SOLE 205,900 0 0
ENTERCOM COMMUNICATIONS CORP CL A 293639100 2145 32,500 SH SOLE 32,500 0 0
ENTRUST TECHNOLOGIES INC COM 293848107 9974 166,400 SH SOLE 166,400 0 0
EQUITY OFFICE PROPERTIES TRUST COM 294741103 3915 158,996 SH SOLE 158,996 0 0
EQUITY OFFICE PROPERTIES TRUST PFD CV B 5.25% 294741509 85917 2,203,000 SH SOLE 0 0 0
EQUITY RESIDENTIAL PPTYS TR SH BEN INT 29476L107 891 20,880 SH SOLE 20,880 0 0
EXAR CORP COM 300645108 16214 275,400 SH SOLE 275,400 0 0
EXODUS COMMUNICATIONS INC COM 302088109 8437 95,000 SH SOLE 95,000 0 0
EXPEDITORS INTL WASH INC COM 302130109 10200 232,800 SH SOLE 232,800 0 0
EXXON MOBIL CORP COM 30231G102 42364 525,857 SH SOLE 525,857 0 0
F Y I INC COM 302712104 299 8,800 SH SOLE 8,800 0 0
FAMILY DLR STORES INC COM 307000109 1569 96,200 SH SOLE 96,200 0 0
FEDERAL HOME LN MTG CORP COM 313400301 10631 225,900 SH SOLE 225,900 0 0
FEDERAL NATL MTG ASSN COM 313586109 13631 218,316 SH SOLE 218,316 0 0
FEDERATED DEPT STORES INC DEL COM 31410H101 21641 428,000 SH SOLE 428,000 0 0
FINANCIAL SEC ASSURN HLDGS LTD COM 31769P100 2095 40,200 SH SOLE 40,200 0 0
FINOVA GROUP INC COM 317928109 1992 56,100 SH SOLE 56,100 0 0
FIRST FINL HLDGS INC COM 320239106 192 12,000 SH SOLE 12,000 0 0
FIRST UN CORP COM 337358105 366 11,110 SH SOLE 11,110 0 0
FIRSTAR CORP NEW WIS COM 33763V109 5545 262,500 SH SOLE 262,500 0 0
</TABLE>
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<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>
FIRSTFED FINL CORP COM 337907109 208 14,800 SH SOLE 14,800 0 0
FLEETBOSTON FINL CORP COM 339030108 28136 808,213 SH SOLE 808,213 0 0
FLUSHING FINL CORP COM 343873105 218 14,700 SH SOLE 14,700 0 0
FLYCAST COMMUNICATIONS CORP COM 344067103 5314 40,900 SH SOLE 40,900 0 0
FORD MTR CO DEL COM 345370100 2618 49,100 SH SOLE 49,100 0 0
FORT JAMES CORP COM 347471104 2818 102,950 SH SOLE 102,950 0 0
FORWARD AIR CORP COM 349853101 19007 438,200 SH SOLE 438,200 0 0
FOSSIL INC COM 349882100 319 13,800 SH SOLE 13,800 0 0
FPL GROUP INC COM 302571104 8072 188,550 SH SOLE 188,550 0 0
FULLER H B CO COM 359694106 246 4,400 SH SOLE 4,400 0 0
FURNITURE BRANDS INTL INC COM 360921100 1756 79,800 SH SOLE 79,800 0 0
GADZOOX NETWORKS INC COM 362555104 4134 94,900 SH SOLE 94,900 0 0
GANNETT INC COM 364730101 9987 122,450 SH SOLE 122,450 0 0
GAP INC DEL COM 364760108 233 5,062 SH SOLE 5,062 0 0
GATEWAY INC COM 367626108 598 8,300 SH SOLE 8,300 0 0
GENERAL DYNAMICS CORP COM 369550108 12965 245,780 SH SOLE 245,780 0 0
GENERAL ELEC CO COM 369604103 48968 316,435 SH SOLE 316,435 0 0
GENERAL GROWTH PPTYS INC COM 370021107 7615 271,975 SH SOLE 271,975 0 0
GENERAL MLS INC COM 370334104 522 14,588 SH SOLE 14,588 0 0
GENERAL MTRS CORP CL H NEW 370442832 11526 120,060 SH SOLE 120,060 0 0
GENERAL MTRS CORP COM 370442105 14680 201,964 SH SOLE 201,964 0 0
GENZYME CORP COM GENL DIV 372917104 4212 93,600 SH SOLE 93,600 0 0
GETTHERE COM INC COM 374266104 14341 356,300 SH SOLE 356,300 0 0
GETTY IMAGES INC COM 374276103 10821 221,400 SH SOLE 221,400 0 0
GILLETTE CO COM 375766102 5392 130,920 SH SOLE 130,920 0 0
GLIMCKER RLTY TR SH BEN INT 379302102 1958 152,100 SH SOLE 152,100 0 0
GLOBAL INDS LTD COM 379336100 2047 237,300 SH SOLE 237,300 0 0
GLOBAL SPORTS INC COM 37937A107 852 67,800 SH SOLE 67,800 0 0
GLOBESPAN INC COM 379571102 7548 115,900 SH SOLE 115,900 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 16465 491,500 SH SOLE 491,500 0 0
GTE CORP COM 362320103 1013 14,356 SH SOLE 14,356 0 0
HADCO CORP COM 404681108 357 7,000 SH SOLE 7,000 0 0
HAEMONETICS CORP COM 405024100 326 13,700 SH SOLE 13,700 0 0
HANNA M A CO COM 410522106 197 18,000 SH SOLE 18,000 0 0
HARLEY DAVIDSON INC COM 412822108 942 14,700 SH SOLE 14,700 0 0
HARRAHS ENTMT INC COM 413619107 2078 78,600 SH SOLE 78,600 0 0
HEINZ H J CO COM 423074103 8818 221,500 SH SOLE 221,500 0 0
HERSHEY FOODS CORP COM 427866108 209 4,400 SH SOLE 4,400 0 0
HEWLETT PACKARD CO COM 428236103 20706 181,734 SH SOLE 181,734 0 0
HILFIGER TOMMY CORP ORD G8915Z102 18293 784,700 SH SOLE 784,700 0 0
HISPANIC BROADCASTING CORP CL A 43357B104 5422 58,800 SH SOLE 58,800 0 0
HNC SOFTWARE INC COM 40425P107 13970 132,100 SH SOLE 132,100 0 0
HOME DEPOT INC COM 437076102 472 6,870 SH SOLE 6,870 0 0
HOMEBASE INC COM 43738E108 49 16,000 SH SOLE 16,000 0 0
HOMESTORE COM INC COM 437852106 3007 40,500 SH SOLE 40,500 0 0
HONEYWELL INTL INC COM 438516106 8580 148,731 SH SOLE 148,731 0 0
HUMAN GENOME SCIENCES INC COM 444903108 7669 50,250 SH SOLE 50,250 0 0
IBP INC COM 449223106 7805 433,600 SH SOLE 433,600 0 0
</TABLE>
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<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>
ILEX ONCOLOGY INC COM 451923106 4545 188,400 SH SOLE 188,400 0 0
ILLINOIS TOOL WKS INC COM 452308109 1407 20,825 SH SOLE 20,825 0 0
IMAGEX COM INC COM 45244D102 3471 82,900 SH SOLE 82,900 0 0
IN FOCUS SYS INC COM 452919103 503 21,700 SH SOLE 21,700 0 0
INFOSPACE COM INC COM 45678T102 13717 64,100 SH SOLE 64,100 0 0
INGERSOLL RAND CO COM 456866102 27158 493,225 SH SOLE 493,225 0 0
INHALE THERAPEUTIC SYS INC COM 457191104 17127 402,400 SH SOLE 402,400 0 0
INSIGHT COMMUNICATIONS INC CL A 45768V108 20074 677,600 SH SOLE 677,600 0 0
INTEGRATED HEALTH SVCS INC SR SD CV 5.75%01 45812CAE6 2 1,575,000 PRN SOLE 0 0 1,575,000
INTEL CORP COM 458140100 32509 394,948 SH SOLE 394,948 0 0
INTERIM SVCS INC COM 45868P100 11962 483,320 SH SOLE 483,320 0 0
INTERIM SVCS INC SUB NT CV 4.5%05 45868PAA8 95 100,000 PRN SOLE 0 0 100,000
INTERNATIONAL BUSINESS MACHS COM 459200101 10266 95,168 SH SOLE 95,168 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 576 28,350 SH SOLE 28,350 0 0
INTERNATIONAL HOME FOODS INC COM 459655106 262 15,100 SH SOLE 15,100 0 0
INTERPUBLIC GROUP COS INC COM 460690100 1855 32,153 SH SOLE 32,153 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 703 38,800 SH SOLE 38,800 0 0
INTERTRUST TECHNOLOGIES CORP COM 46113Q109 3788 32,200 SH SOLE 32,200 0 0
INTERVOICE INC COM 461142101 442 18,700 SH SOLE 18,700 0 0
INTERVU INC COM 46114R106 24035 228,900 SH SOLE 228,900 0 0
ISS GROUP INC COM 450306105 3155 44,354 SH SOLE 44,354 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 2408 74,100 SH SOLE 74,100 0 0
JOHNSON & JOHNSON COM 478160104 24048 257,888 SH SOLE 257,888 0 0
JOHNSON CTLS INC COM 478366107 2800 49,222 SH SOLE 49,222 0 0
JONES APPAREL GROUP INC COM 480074103 23276 858,100 SH SOLE 858,100 0 0
KAUFMAN & BROAD HOME CORP COM 486168107 8468 350,100 SH SOLE 350,100 0 0
KERR MCGEE CORP SUB DB CV 7.5%14 492386AL1 98 100,000 PRN SOLE 0 0 100,000
KIMBERLY CLARK CORP COM 494368103 2126 32,485 SH SOLE 32,485 0 0
KNIGHT RIDDER INC COM 499040103 23425 393,700 SH SOLE 393,700 0 0
KROGER CO COM 501044101 11967 633,990 SH SOLE 633,990 0 0
LAFARGE CORP COM 505862102 3119 112,900 SH SOLE 112,900 0 0
LAM RESH CORP COM 512807108 569 5,100 SH SOLE 5,100 0 0
LANCASTER COLONY CORP COM 513847103 1077 32,500 SH SOLE 32,500 0 0
LANDSTAR SYS INC COM 515098101 223 5,200 SH SOLE 5,200 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 146 13,700 SH SOLE 13,700 0 0
LEAR CORP COM 521865105 317 9,900 SH SOLE 9,900 0 0
LEGGETT & PLATT INC COM 524660107 7375 344,000 SH SOLE 344,000 0 0
LEUCADIA NATL CORP COM 527288104 484 20,940 SH SOLE 20,940 0 0
LIBERTY PPTY TR SH BEN INT 531172104 9806 404,358 SH SOLE 404,358 0 0
LILLY ELI & CO COM 532457108 18917 284,470 SH SOLE 284,470 0 0
LINENS N THINGS INC COM 535679104 216 7,300 SH SOLE 7,300 0 0
LITTON INDS INC COM 538021106 6464 129,600 SH SOLE 129,600 0 0
LOISLAW COM INC COM 541431102 2081 53,200 SH SOLE 53,200 0 0
LOWES COS INC COM 548661107 2999 50,200 SH SOLE 50,200 0 0
LUCENT TECHNOLOGIES INC COM 549463107 2646 35,285 SH SOLE 35,285 0 0
MACERICH CO COM 554382101 1564 75,150 SH SOLE 75,150 0 0
MACK CALI RLTY CORP COM 554489104 956 36,675 SH SOLE 36,675 0 0
MANUGISTICS GROUP INC COM 565011103 10201 315,700 SH SOLE 315,700 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>
MARSH & MCLENNAN COS INC COM 571748102 13331 139,318 SH SOLE 139,318 0 0
MARSHALL & ILSLEY CORP COM 571834100 1947 31,000 SH SOLE 31,000 0 0
MAXIMUS INC COM 577933104 1809 53,300 SH SOLE 53,300 0 0
MAY DEPT STORES CO COM 577778103 482 14,950 SH SOLE 14,950 0 0
MAYTAG CORP COM 578592107 274 5,700 SH SOLE 5,700 0 0
MBNA CORP COM 55262L100 8295 304,389 SH SOLE 304,389 0 0
MCCORMICK & CO INC COM NON VTG 579780206 3481 117,000 SH SOLE 117,000 0 0
MCDONALDS CORP COM 580135101 1524 37,800 SH SOLE 37,800 0 0
MCI WORLDCOM INC COM 55268B106 452 8,520 SH SOLE 8,520 0 0
MEDIA METRIX INC COM 58440X103 9356 261,700 SH SOLE 261,700 0 0
MEDQUIST INC COM 584949101 2021 78,300 SH SOLE 78,300 0 0
MEDTRONIC INC COM 585055106 9083 249,288 SH SOLE 249,288 0 0
MENS WEARHOUSE INC COM 587118100 2614 89,000 SH SOLE 89,000 0 0
MERCK & CO INC COM 589331107 24451 363,928 SH SOLE 363,928 0 0
MERCURY INTERACTIVE CORP COM 589405109 8883 82,300 SH SOLE 82,300 0 0
MERISTAR HOSPITALITY CORP COM 58984Y103 2981 186,300 SH SOLE 186,300 0 0
MGIC INVT CORP WIS COM 552848103 2185 36,300 SH SOLE 36,300 0 0
MICREL INC COM 594793101 12287 215,800 SH SOLE 215,800 0 0
MICROSOFT CORP COM 594918104 8936 76,542 SH SOLE 76,542 0 0
MIDCAP SPDR TR UNIT SER 1 595635103 4365 53,800 SH SOLE 0 0 53,800
MILACRON INC COM 598709103 314 20,445 SH SOLE 20,445 0 0
MINNESOTA MNG & MFG CO COM 604059105 1046 10,690 SH SOLE 10,690 0 0
MOHAWK INDS INC COM 608190104 3429 130,000 SH SOLE 130,000 0 0
MONACO COACH CORP COM 60886R103 414 16,200 SH SOLE 16,200 0 0
MORGAN J P & CO INC COM 616880100 2478 19,566 SH SOLE 19,566 0 0
MORGAN STANLEY DEAN WITTER&CO COM NEW 617446448 22461 157,346 SH SOLE 157,346 0 0
MORGAN STANLEY EMERGING MKTS COM 61744G107 9846 603,600 SH SOLE 603,600 0 0
MORGAN STANLEY INDIA INVT FD COM 61745C105 360 21,800 SH SOLE 0 0 0
MUELLER INDS INC COM 624756102 2045 56,400 SH SOLE 56,400 0 0
NASDAQ 100 TR UNIT SER 1 631100104 1553 8,500 SH SOLE 0 0 8,500
NATIONAL AUSTRALIA BK LTD CAP UTS EXCHBL 632525309 459 16,600 SH SOLE 0 0 0
NATIONAL COMPUTER SYS INC COM 635519101 4015 106,700 SH SOLE 106,700 0 0
NATIONAL DATA CORP SUB NT CONV 5%03 635621AA3 91 100,000 PRN SOLE 0 0 100,000
NAVISITE INC COM 63935M109 3560 35,600 SH SOLE 35,600 0 0
NAVISTAR INTL CORP NEW COM 63934E108 21044 444,200 SH SOLE 444,200 0 0
NBTY INC COM 628782104 143 12,400 SH SOLE 12,400 0 0
NCO GROUP INC COM 628858102 4248 141,000 SH SOLE 141,000 0 0
NETEGRITY INC COM 64110P107 4971 87,300 SH SOLE 87,300 0 0
NETOPTIX CORP COM 64116F103 7329 109,800 SH SOLE 109,800 0 0
NETSCOUT SYS INC COM 64115T104 19530 630,000 SH SOLE 630,000 0 0
NEW YORK TIMES CO CL A 650111107 5377 109,462 SH SOLE 109,462 0 0
NEWELL RUBBERMAID INC COM 651229106 350 12,072 SH SOLE 12,072 0 0
NORTH FORK BANCORPORATION NY COM 659424105 4106 234,600 SH SOLE 234,600 0 0
NORTHERN TR CORP COM 665859104 669 12,624 SH SOLE 12,624 0 0
NOVOSTE CORP COM 67010C100 3450 209,100 SH SOLE 209,100 0 0
NSTAR COM 67019E107 328 8,100 SH SOLE 8,100 0 0
NVR INC COM 62944T105 263 5,500 SH SOLE 5,500 0 0
OMNICOM GROUP INC COM 681919106 45494 454,935 SH SOLE 454,935 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>
OMNICOM GROUP INC SB DB CV 4.25%07 681919AE6 321 100,000 PRN SOLE 0 0 100,000
ORTEL CORP COM 68749W102 24576 204,800 SH SOLE 204,800 0 0
OWENS ILL INC COM NEW 690768403 306 12,200 SH SOLE 12,200 0 0
PACCAR INC COM 693718108 5889 132,900 SH SOLE 132,900 0 0
PAN PACIFIC RETAIL PPTYS INC COM 69806L104 1630 99,900 SH SOLE 99,900 0 0
PARKWAY PPTYS INC COM 70159Q104 1023 35,500 SH SOLE 35,500 0 0
PAXSON COMMUNICATIONS CORP COM 704231109 4637 388,400 SH SOLE 388,400 0 0
PE CORP CELERA GEN GRP 69332S201 857 5,750 SH SOLE 5,750 0 0
PE CORP COM PE BIO GRP 69332S102 361 3,000 SH SOLE 3,000 0 0
PFIZER INC COM 717081103 8204 252,912 SH SOLE 252,912 0 0
PHARMACYCLICS INC COM 716933106 13753 333,400 SH SOLE 333,400 0 0
PHILIP MORRIS COS INC COM 718154107 5080 219,101 SH SOLE 219,101 0 0
PHOTRONICS INC COM 719405102 10660 372,400 SH SOLE 372,400 0 0
PIER 1 IMPORTS INC COM 720279108 407 63,800 SH SOLE 63,800 0 0
PINNACLE HLDGS INC COM 72346N101 25921 611,700 SH SOLE 611,700 0 0
PINNACLE SYS INC COM 723481107 655 16,100 SH SOLE 16,100 0 0
PLANTRONICS INC NEW COM 727493108 236 3,300 SH SOLE 3,300 0 0
PLEXUS CORP COM 729132100 282 6,400 SH SOLE 6,400 0 0
PMI GROUP INC COM 69344M101 12188 249,700 SH SOLE 249,700 0 0
PNC BK CORP COM 693475105 7276 163,500 SH SOLE 163,500 0 0
POTASH CORP SASK INC COM 73755L107 361 7,500 SH SOLE 7,500 0 0
PRAXAIR INC COM 74005P104 3513 69,820 SH SOLE 69,820 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 10483 499,200 SH SOLE 499,200 0 0
PREVIEW SYS INC COM 741379101 14766 227,600 SH SOLE 227,600 0 0
PRI AUTOMATION INC COM 69357H106 10948 163,100 SH SOLE 163,100 0 0
PROBUSINESS SERVICES INC COM 742674104 2628 73,000 SH SOLE 73,000 0 0
PROCTER & GAMBLE CO COM 742718109 5593 51,049 SH SOLE 51,049 0 0
PROGENICS PHARMACEUTICALS INC COM 743187106 16280 333,100 SH SOLE 333,100 0 0
PROGRESS SOFTWARE CORP COM 743312100 636 11,200 SH SOLE 11,200 0 0
PROTECTIVE LIFE CORP COM 743674103 3814 119,900 SH SOLE 119,900 0 0
PROTEIN DESIGN LABS INC COM 74369L103 20930 299,000 SH SOLE 299,000 0 0
PROXICOM INC COM 744282104 646 5,200 SH SOLE 5,200 0 0
PROXYMED PHARMACY INC COM 744290107 2476 253,900 SH SOLE 253,900 0 0
PULTE CORP COM 745867101 2633 117,000 SH SOLE 117,000 0 0
QLOGIC CORP COM 747277101 34437 215,400 SH SOLE 215,400 0 0
QUAKER OATS CO COM 747402105 19943 303,900 SH SOLE 303,900 0 0
QUANTA SVCS INC COM 74762E102 2941 104,100 SH SOLE 104,100 0 0
QUICKLOGIC CORP COM 74837P108 12684 768,700 SH SOLE 768,700 0 0
RADIO ONE INC CL A 75040P108 2245 24,400 SH SOLE 24,400 0 0
RADIO UNICA COMMUNICATIONS CP COM 75040Q106 2388 82,700 SH SOLE 82,700 0 0
RARE HOSPITALITY INTL INC COM 753820109 340 15,700 SH SOLE 15,700 0 0
RARE MEDIUM GROUP INC COM 75382N109 9985 292,600 SH SOLE 292,600 0 0
REDBACK NETWORKS INC COM 757209101 244 1,374 SH SOLE 1,374 0 0
REGIONS FINL CORP COM 758940100 875 34,840 SH SOLE 34,840 0 0
REHABCARE GROUP INC COM 759148109 222 10,500 SH SOLE 10,500 0 0
RELIASTAR FINL CORP COM 75952U103 26725 681,989 SH SOLE 681,989 0 0
RENAL CARE GROUP INC COM 759930100 2529 108,200 SH SOLE 108,200 0 0
RESMED INC COM 761152107 413 9,900 SH SOLE 9,900 0 0
</TABLE>
<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>
REUTERS GROUP PLC SPONSORED ADR 76132M102 6079 75,225 SH SOLE 75,225 0 0
REYNOLDS & REYNOLDS CO CL A 761695105 2021 89,816 SH SOLE 89,816 0 0
ROHM & HAAS CO COM 775371107 94313 2,318,014 SH SOLE 2,318,014 0 0
ROSS STORES INC COM 778296103 13893 774,500 SH SOLE 774,500 0 0
ROWECOM INC COM 77957X108 19284 425,000 SH SOLE 425,000 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 271 5,500 SH SOLE 5,500 0 0
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 6886 113,700 SH SOLE 113,700 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 5827 105,700 SH SOLE 105,700 0 0
S1 CORPORATION COM 78463B101 9992 127,900 SH SOLE 127,900 0 0
SAFEWAY INC COM NEW 786514208 20085 564,790 SH SOLE 564,790 0 0
SAGA COMMUNICATIONS CL A 786598102 4406 217,575 SH SOLE 217,575 0 0
SANCHEZ COMPUTER ASSOCS INC COM 799702105 5857 142,200 SH SOLE 142,200 0 0
SAPIENT CORP COM 803062108 16419 116,500 SH SOLE 116,500 0 0
SARA LEE CORP COM 803111103 960 43,500 SH SOLE 43,500 0 0
SBC COMMUNICATIONS INC COM 78387G103 9389 192,596 SH SOLE 192,596 0 0
SBS BROADCASTING SA ORD L8137F102 29845 613,000 SH SOLE 613,000 0 0
SCHERING PLOUGH CORP COM 806605101 42226 1,000,918 SH SOLE 1,000,918 0 0
SCHLUMBERGER LTD COM 806857108 3463 61,700 SH SOLE 61,700 0 0
SCI SYS INC COM 783890106 14128 171,900 SH SOLE 171,900 0 0
SCIQUEST COM INC COM 80908Q107 6145 77,300 SH SOLE 77,300 0 0
SEAGRAM LTD COM 811850106 694 15,500 SH SOLE 15,500 0 0
SECURITY CAP GROUP INC CL A 81413P105 710 1,146 SH SOLE 1,146 0 0
SEI INVESTMENTS CO COM 784117103 321 2,700 SH SOLE 2,700 0 0
SEMTECH CORP COM 816850101 29852 572,700 SH SOLE 572,700 0 0
SHARED MED SYS CORP COM 819486101 3288 64,550 SH SOLE 64,550 0 0
SHERWIN WILLIAMS CO COM 824348106 1684 80,200 SH SOLE 80,200 0 0
SKYWEST INC COM 830879102 4424 158,000 SH SOLE 158,000 0 0
SMARTDISK CORP COM 83169Q105 12504 381,800 SH SOLE 381,800 0 0
SOUTHDOWN INC COM 841297104 3273 63,400 SH SOLE 63,400 0 0
SOUTHTRUST CORP COM 844730101 10391 274,800 SH SOLE 274,800 0 0
SPDR TR UNIT SER 1 78462F103 15936 108,500 SH SOLE 0 0 108,500
SPORTSLINE USA INC COM 848934105 19514 389,300 SH SOLE 389,300 0 0
ST LAURENT PAPERBOARD INC COM 790907109 195 14,600 SH SOLE 14,600 0 0
STAMPS COM INC COM 852857101 1036 24,900 SH SOLE 24,900 0 0
STARWOOD HOTELS&RESORTS WRLDWD PAIRED CTF 85590A203 1389 59,118 SH SOLE 59,118 0 0
STEEL DYNAMICS INC COM 858119100 242 15,200 SH SOLE 15,200 0 0
STERIS CORP COM 859152100 3376 329,400 SH SOLE 329,400 0 0
STEWART ENTERPRISES INC CL A 860370105 135 28,500 SH SOLE 28,500 0 0
STRYKER CORP COM 863667101 2855 41,000 SH SOLE 41,000 0 0
SUN MICROSYSTEMS INC COM 866810104 52676 680,244 SH SOLE 680,244 0 0
SUNGARD DATA SYS INC COM 867363103 1089 45,850 SH SOLE 45,850 0 0
SUNQUEST INFORMATION SYS INC COM 867654105 238 17,600 SH SOLE 17,600 0 0
SUNTRUST BKS INC COM 867914103 791 11,500 SH SOLE 11,500 0 0
SUPERVALU INC COM 868536103 11739 586,972 SH SOLE 586,972 0 0
SYBRON INTL CORP COM 87114F106 14208 575,500 SH SOLE 575,500 0 0
SYMBOL TECHNOLOGIES INC COM 871508107 18896 297,275 SH SOLE 297,275 0 0
SYNOPSYS INC COM 871607107 17175 257,300 SH SOLE 257,300 0 0
TALBOTS INC COM 874161102 375 8,400 SH SOLE 8,400 0 0
</TABLE>
<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>
TALK COM INC COM 874264104 442 24,900 SH SOLE 24,900 0 0
TELEFONOS DE MEXICO S A SPNS ADR ORD L 879403780 450 4,000 SH SOLE 4,000 0 0
TELLABS INC COM 879664100 12510 194,900 SH SOLE 194,900 0 0
TEMPLETON EMERGING MKTS FD INC COM 880191101 368 27,100 SH SOLE 0 0 0
TENFOLD CORP COM 88033A103 3007 75,300 SH SOLE 75,300 0 0
TERADYNE INC COM 880770102 2653 40,200 SH SOLE 40,200 0 0
TEREX CORP NEW COM 880779103 314 11,300 SH SOLE 11,300 0 0
TEXACO INC COM 881694103 3122 57,475 SH SOLE 57,475 0 0
TEXAS INSTRS INC COM 882508104 13253 136,800 SH SOLE 136,800 0 0
TEXTRON INC COM 883203101 5286 68,936 SH SOLE 68,936 0 0
TIFFANY & CO NEW COM 886547108 2312 25,900 SH SOLE 25,900 0 0
TIME WARNER INC COM 887315109 4855 67,137 SH SOLE 67,137 0 0
TJX COS INC NEW COM 872540109 13323 651,900 SH SOLE 651,900 0 0
TNP ENTERPRISES INC COM 872594106 371 9,000 SH SOLE 9,000 0 0
TRANSKARYOTIC THERAPIES INC COM 893735100 5525 143,500 SH SOLE 143,500 0 0
TRIBUNE CO NEW COM 896047107 1123 20,400 SH SOLE 20,400 0 0
TRICORD SYSTEMS INC COM 896121100 1261 258,600 SH SOLE 258,600 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674K103 729 6,550 SH SOLE 6,550 0 0
TRW INC COM 872649108 1994 38,400 SH SOLE 38,400 0 0
TSI INTERNATIONAL SOFTWARE LTD COM 872879101 18845 332,800 SH SOLE 332,800 0 0
TWEETER HOME ENTMT GROUP INC COM 901167106 5960 167,900 SH SOLE 167,900 0 0
TYCO INTL LTD NEW COM 902124106 27671 711,798 SH SOLE 711,798 0 0
U S FOODSERVICE COM 90331R101 3839 229,200 SH SOLE 229,200 0 0
UNION PAC CORP COM 907818108 308 7,060 SH SOLE 7,060 0 0
UNISYS CORP COM 909214108 12601 394,560 SH SOLE 394,560 0 0
UNITED HEALTHCARE CORP COM 910581107 2083 39,200 SH SOLE 39,200 0 0
UNITED STATES CELLULAR CORP COM 911684108 1978 19,600 SH SOLE 19,600 0 0
UNITED STATES CELLULAR CORP LYON ZERO 15 911684AA6 178 200,000 PRN SOLE 0 0 200,000
UNITED STATIONERS INC COM 913004107 431 15,100 SH SOLE 15,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 42335 651,300 SH SOLE 651,300 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 11137 242,100 SH SOLE 242,100 0 0
UNIVERSAL FOODS CORP COM 913538104 11199 549,654 SH SOLE 549,654 0 0
UNUM PROVIDENT CORP COM 91529Y106 929 28,975 SH SOLE 28,975 0 0
URS CORP NEW COM 903236107 254 11,700 SH SOLE 11,700 0 0
USA NETWORKS INC COM 902984103 829 15,000 SH SOLE 15,000 0 0
USFREIGHTWAYS CORP COM 916906100 14291 298,500 SH SOLE 298,500 0 0
USINTERNETWORKING INC COM 917311805 4608 65,950 SH SOLE 65,950 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 435 10,300 SH SOLE 10,300 0 0
VARIAN SEMICONDUCTOR EQUIPMNT COM 922207105 13365 393,100 SH SOLE 393,100 0 0
VEECO INSTRS INC DEL COM 922417100 11478 245,200 SH SOLE 245,200 0 0
VERISIGN INC COM 92343E102 12780 67,000 SH SOLE 67,000 0 0
VIADOR INC COM 92553R108 5424 128,000 SH SOLE 128,000 0 0
VICAL INC COM 925602104 22741 759,600 SH SOLE 759,600 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 411 13,003 SH SOLE 13,003 0 0
VISUAL NETWORKS INC COM 928444108 9056 114,277 SH SOLE 114,277 0 0
VODAFONE GROUP PLC SPONSORED ADR 92857T107 817 16,500 SH SOLE 16,500 0 0
WALDEN RESIDENTIAL PPTYS INC COM 931210108 655 30,300 SH SOLE 30,300 0 0
WALGREEN CO COM 931422109 1468 50,204 SH SOLE 50,204 0 0
</TABLE>
<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>
WARNER LAMBERT CO COM 934488107 1273 15,536 SH SOLE 15,536 0 0
WASTE CONNECTIONS INC COM 941053100 3110 215,400 SH SOLE 215,400 0 0
WATERS CORP COM 941848103 12169 229,600 SH SOLE 229,600 0 0
WATSON PHARMACEUTICALS INC COM 942683103 17348 484,400 SH SOLE 484,400 0 0
WEBSTER FINL CORP CONN COM 947890109 1433 60,800 SH SOLE 60,800 0 0
WELLPOINT HEALTH NETWORK NEW COM 94973H108 2361 35,800 SH SOLE 35,800 0 0
WELLPOINT HEALTH NETWORK NEW SB DB CV ZERO 19 94973HAA6 128 200,000 PRN SOLE 0 0 200,000
WELLS FARGO & CO NEW COM 949746101 6154 152,176 SH SOLE 152,176 0 0
WESTVACO CORP COM 961548104 274 8,387 SH SOLE 8,387 0 0
WESTWOOD ONE INC COM 961815107 23856 313,900 SH SOLE 313,900 0 0
WEYERHAEUSER CO COM 962166104 2193 30,537 SH SOLE 30,537 0 0
WHIRLPOOL CORP COM 963320106 9870 151,700 SH SOLE 151,700 0 0
WORLDGATE COMMUNICATIONS INC COM 98156L307 10373 218,100 SH SOLE 218,100 0 0
XCELERA COM INC COM G31611109 5427 38,900 SH SOLE 38,900 0 0
XEROX CORP COM 984121103 535 23,600 SH SOLE 23,600 0 0
XIRCOM INC COM 983922105 683 9,100 SH SOLE 9,100 0 0
ZALE CORP NEW COM 988858106 368 7,600 SH SOLE 7,600 0 0
ZOLL MED CORP COM 989922109 328 8,600 SH SOLE 8,600 0 0
</TABLE>
