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, 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: BPI Global Asset Management LLP___________
Address: 1900 Summit Tower Boulevard, Suite 450____
Orlando, Florida 32810___________________
__________________________________________
Form 13F File Number: 28-_03435______
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: _Charles E. Sweeney______________________
Title: _Controller_____________________________
Phone: __(407) 660-6100________________________
Signature, Place, and Date of Signing:
_/s/ Charles E. Sweeney____ __Orlando, Florida___________ _April 29, 1999
[Signature] [City, State] [Date]
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager: [If there are no entries in
this list, omit this section.]
Form 13F File Number Name
28-____________ ___NONE_________________________________________
[Repeat as necessary.]
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: ____0______
Form 13F Information Table Entry Total: __294_________
Form 13F Information Table Value Total: $_935,259______
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
____ 28-____________ ____NONE______________________
[Repeat as necessary.]
BPI GLOBAL ASSET MANAGEMENT LLP
13F HOLDINGS
03/31/99
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<C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- X$1000 PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AAR CORP COM 000361105 356 20000 SH SOLE 20000
ABACUS DIRECT CORP COM 002553105 1017 12400 SH SOLE 12400
ABB AB SPONSORED ADR 00256Q103 216 17600 SH SOLE 17600
ABERCROMBIE AND FITCH CO COM CL A 002896207 2880 31300 SH SOLE 31300
ADELPHIA COMMUNICATIONS CORP CL A 006848105 1928 30600 SH SOLE 30600
ADOBE SYS INC COM 00724F101 448 7900 SH SOLE 7900
AFLAC INC COM 001055102 2586 47500 SH SOLE 47500
AHOLD (KON) SPONSORED ADR 500467303 589 15400 SH SOLE 15400
AIRTOUCH COMMUNICATIONS INC COM 00949T100 5179 53600 SH SOLE 53600
AK STL HLDG CORP COM 001547108 875 38800 SH SOLE 38800
AKZO NOBEL SPONSORED ADR 010199305 270 7300 SH SOLE 7300
ALASKA AIR GROUP INC COM 011659109 884 18600 SH SOLE 18600
ALCATEL ALSTHOM SPONSORED ADR 013904305 1134 49700 SH SOLE 49700
ALLERGAN INC COM 018490102 457 5200 SH SOLE 5200
ALLIANT TECHSYSTEMS INC COM 018804104 668 8600 SH SOLE 8600
ALLIED IRISH BANKS PLC SPONSORED ADR 019228402 569 5500 SH SOLE 5500
ALLIED ZURICH PLC SPONSORED ADR 01959Q101 270 10000 SH SOLE 10000
AMAZON COM INC COM 023135106 689 4000 SH SOLE 4000
AMERICA ONLINE INC DEL COM 02364J104 32324 221400 SH SOLE 221400
AMERICAN EAGLE OUTFITTERS INC COM 02553E106 896 12500 SH SOLE 12500
AMERICAN EXPRESS CO COM 025816109 9165 78000 SH SOLE 78000
AMERICAN HOME PRODUCTS CORP COM 026609107 8026 123000 SH SOLE 123000
AMERICAN INTL GROUP INC COM 026874107 9421 78100 SH SOLE 78100
AMERITECH CORP NEW COM 030954101 2084 36000 SH SOLE 36000
AMERITRADE HLDG CORP CL A 03072H109 815 13200 SH SOLE 13200
AMES DEPT STORES INC COM NEW 030789507 780 21000 SH SOLE 21000
AMGEN INC COM 031162100 14529 194040 SH SOLE 194040
ANDRX CORP COM 034551101 866 9500 SH SOLE 9500
ANHEUSER BUSCH COS INC COM 035229103 10362 136000 SH SOLE 136000
ANTEC CORP COM 03664P105 705 32800 SH SOLE 32800
ASCEND COMMUNICATIONS INC COM 043491109 418 5000 SH SOLE 5000
ASSOCIATES FIRST CAP CORP CL A 046008108 5828 129500 SH SOLE 129500
ASTORIA FINL CORP COM 046265104 465 9300 SH SOLE 9300
AT + T CORP COM 001957109 11174 140002 SH SOLE 140002
ATLANTIC RICHFIELD CO COM 048825103 5767 79000 SH SOLE 79000
AUTOLIV COM 052800109 3366 89600 SH SOLE 89600
AUTOLIV INC USD1 SDR 524737905 11769 37600 SH SOLE 37600
AVIATION SALES CO COM 053672101 877 19700 SH SOLE 19700
AVON PRODS INC COM 054303102 1177 25000 SH SOLE 25000
AWARE INC MASS COM 05453N100 465 9900 SH SOLE 9900
AXA UAP SPONSORED ADR 054536107 649 9800 SH SOLE 9800
BANCO BILBAO VIZCAYA S A SPONSORED ADR 059458208 250 17000 SH SOLE 17000
BANK NEW YORK INC COM 064057102 539 15000 SH SOLE 15000
BANK TOKYO-MITSUBISHI LTD SPONSORED ADR 065379109 318 22700 SH SOLE 22700
BANKAMERICA CORP NEW COM 06605F102 8976 127100 SH SOLE 127100
BARCLAYS PLC ADR 06738E204 308 2700 SH SOLE 2700
BARD C R INC COM 067383109 1402 27800 SH SOLE 27800
BAUSCH + LOMB INC COM 071707103 871 13400 SH SOLE 13400
BEST BUY CO INC COM STK USD0.1 086516101 2257 43400 SH SOLE 43400
BINDLEY WESTN INDS INC COM 090324104 423 14800 SH SOLE 14800
BIOGEN INC COM 090597105 6802 59500 SH SOLE 59500
BIOMATRIX INC COM 09060P102 468 6000 SH SOLE 6000
BIOMET INC COM 090613100 432 10300 SH SOLE 10300
BISYS GROUP INC COM 055472104 1024 18200 SH SOLE 18200
BJS WHSL CLUB INC COM 05548J106 703 26600 SH SOLE 26600
BOISE CASCADE CORP COM 097383103 664 20600 SH SOLE 20600
BP AMOCO PLC SPONSORED ADR 055622104 1480 14660 SH SOLE 14660
BRIT TELCOM ADR FINAL INST 111021408 287 1750 SH SOLE 1750
BRITISH STL PLC ADR 111015301 3832 189800 SH SOLE 189800
BROADCAST COM INC COM 111310108 12823 108500 SH SOLE 108500
BROADCOM CORP CL A 111320107 3550 57600 SH SOLE 57600
CABLE & WIRELESS COMMUNICATION SPONSORED ADR 12682P104 328 5800 SH SOLE 5800
CABLEVISION SYS CORP CL A 12686C109 504 6800 SH SOLE 6800
CANON INC ADR REPSTG 5 S 138006309 511 21400 SH SOLE 21400
CAPITAL ONE FINL CORP COM 14040H105 9136 60500 SH SOLE 60500
CARRIER ACCESS CORP COM 144460102 595 7700 SH SOLE 7700
CATALINA MARKETING CORP COM 148867104 1451 16900 SH SOLE 16900
CENTURY TEL ENTERPRISES INC COM 156686107 3449 49100 SH SOLE 49100
CHASE MANHATTAN CORP NEW COM 16161A108 5781 71100 SH SOLE 71100
CHECKFREE HLDGS CORP COM 162816102 941 22100 SH SOLE 22100
CISCO SYS INC COM 17275R102 6793 62000 SH SOLE 62000
CITIGROUP INC COM 172967101 22848 357700 SH SOLE 357700
COCA COLA CO COM 191216100 1841 30000 SH SOLE 30000
COLGATE PALMOLIVE CO COM 194162103 4315 46900 SH SOLE 46900
COMAIR HLDGS INC COM 199789108 613 25950 SH SOLE 25950
COMCAST CORP CL A SPL 200300200 5350 85000 SH SOLE 85000
COMMSCOPE INC COM 203372107 237 11300 SH SOLE 11300
COMPANIA ANON NACL TELE DE VEZ SPON ADR REPST 204421101 1962 107900 SH SOLE 107900
COMVERSE TECHNOLOGY INC COM NEW 205862402 5040 59350 SH SOLE 59350
CONCENTRIC NETWORK CORP DEL COM 20589R107 1054 14100 SH SOLE 14100
CONEXANT SYS INC COM 207142100 1047 37800 SH SOLE 37800
CORPORACION BANCARIA DE ESPANA SPONSORED ADR 219913100 4415 91500 SH SOLE 91500
COSTCO COS INC COM 22160Q102 2564 28000 SH SOLE 28000
COVAD COMMUNICATIONS GROUP INC COM 222814204 796 12100 SH SOLE 12100
DAIMLER CHRYSLER AG ADR 002307389 452 5262 SH SOLE 5262
DARDEN RESTAURANTS INC COM 237194105 823 39900 SH SOLE 39900
DELTA AIR LINES INC DE COM 247361108 1460 21000 SH SOLE 21000
DIAL CORP NEW COM 25247D101 918 26700 SH SOLE 26700
DIALOGIC CORP COM 252499108 366 12000 SH SOLE 12000
DIAMOND OFFSHORE DRILLING INC COM 25271C102 810 25600 SH SOLE 25600
DIGITAL RIV INC COM 25388B104 704 17600 SH SOLE 17600
DIXONS GROUP ADR 255875205 366 5800 SH SOLE 5800
DONALDSON LUFKIN+JENRETTE INC COM 257661108 2567 36800 SH SOLE 36800
DOUBLECLICK INC COM 258609304 255 1400 SH SOLE 1400
DYCOM INDS INC COM 267475101 835 19200 SH SOLE 19200
DYNEGY INC COM 26816L102 314 22300 SH SOLE 22300
E M C CORP MASS COM 268648102 7486 58600 SH SOLE 58600
EBAY INC COM 278642103 687 5000 SH SOLE 5000
ECHOSTAR COMMUNICATIONS CORP N CL A 278762109 547 6700 SH SOLE 6700
EISAI CO LTD SPONSORED ADR 282579309 272 13000 SH SOLE 13000
ELETRONICS FOR IMAGING INC COM 286082102 328 8400 SH SOLE 8400
ENERGIS PLC SPONSORED ADR 29266H100 318 2375 SH SOLE 2375
ENRON CORP COM 293561106 3341 52000 SH SOLE 52000
EQUITABLE COMPANIES INC COM 29444G107 12005 171500 SH SOLE 171500
EXODUS COMMUNICATIONS INC COM 302088109 565 4200 SH SOLE 4200
EXPRESS SCRIPTS INC CL A 302182100 1220 14200 SH SOLE 14200
EXXON CORP COM 302290101 2117 30000 SH SOLE 30000
FDX CORP COM 31304N107 4177 45000 SH SOLE 45000
FEDERAL HOME LN MTG CORP COM FORMERLY S 313400301 1314 23000 SH SOLE 23000
FINISH LINE INC CL A 317923100 309 24000 SH SOLE 24000
FIRST DATA CORP COM 319963104 5416 126700 SH SOLE 126700
FIRST TENN NATL CORP COM 337162101 429 11700 SH SOLE 11700
FLEXTRONICS INTERNATIONAL COM Y2573F102 3152 61800 SH SOLE 61800
FOMENTO ECONOMICO MEXICANO SPONSADR RPSTG 344419106 371 12000 SH SOLE 12000
FOODMAKER INC COM 344839204 510 20000 SH SOLE 20000
FOREST LABS INC COM 345838106 908 16100 SH SOLE 16100
FORTIS AMEV N V SPONSORED ADR 34956J101 459 11950 SH SOLE 11950
FRANCE TELECOM SPONSORED ADR 35177Q105 563 6975 SH SOLE 6975
FRONTIER CORP COM 35906P105 311 6000 SH SOLE 6000
FUJITSU LTD ADR 5COM 359590304 313 3900 SH SOLE 3900
FULLER H B CO COM 359694106 466 7900 SH SOLE 7900
FUNDTECH LTD COM M47095100 675 22400 SH SOLE 22400
GEMSTAR INT'L COM G3788V106 241 3200 SH SOLE 3200
GENER S A SPONSORED ADR 368731105 1633 88850 SH SOLE 88850
GENERAL DYNAMICS CORP COM 369550108 1542 24000 SH SOLE 24000
GENERAL ELEC CO COM 369604103 18375 166100 SH SOLE 166100
GENERAL ELECTRIC PLC SPONSORED ADR 369639307 527 58000 SH SOLE 58000
GENERAL MTRS CORP COM 370442105 26015 299450 SH SOLE 299450
GENERAL MTRS CORP CL H NEW 370442832 2083 41300 SH SOLE 41300
GEORGIA PAC CORP COM 373298108 6905 93000 SH SOLE 93000
GILLETTE CO COM 375766102 1189 20000 SH SOLE 20000
GKN PUB LTD CO ADR 361755200 322 21150 SH SOLE 21150
GLAXO WELLCOME PLC SPONSORED ADR 37733W105 572 8550 SH SOLE 8550
GO2NET COM 383486107 385 2900 SH SOLE 2900
GRUPO TELEVISION SA DE CV SPONSORED ADR 40049J206 3787 120700 SH SOLE 120700
HALLIBURTON CO COM 406216101 1925 50000 SH SOLE 50000
HAMBRECHT + QUIST GROUP INC COM 406545103 1009 29100 SH SOLE 29100
HEARST ARGYLE TELEVISION INC COM 422317107 483 19600 SH SOLE 19600
HERTZ CORP CL A 428040109 3948 73800 SH SOLE 73800
HIRSCH INTL GROUP CL A 433550100 250 110900 SH SOLE 110900
HOME DEPOT INC COM 437076102 2179 35000 SH SOLE 35000
HONDA MOTOR LTD ADR 438128308 450 5050 SH SOLE 5050
HSBC HLDGS PLC SPONSORED ADR 404280307 539 1720 SH SOLE 1720
HUTCHISON PLC ADR 448415208 287 7300 SH SOLE 7300
ICOS CORP COM 449295104 439 13000 SH SOLE 13000
IDEC PHARMACEUTICALS CORP COM 449370105 981 19100 SH SOLE 19100
IMMUNEX CORP NEW COM 452528102 699 8400 SH SOLE 8400
INKTOMI CORP COM 457277101 1758 20500 SH SOLE 20500
INTEGRATED CIRCUIT SYS INC COM 45811K109 1138 63000 SH SOLE 63000
INTEL CORP COM 458140100 5003 42000 SH SOLE 42000
INTUIT COM 461202103 6003 59000 SH SOLE 59000
IRELAND BK SPONSORED ADR 46267Q103 967 11465 SH SOLE 11465
ISS GROUP INC OC COM 450306105 604 7600 SH SOLE 7600
ITI TECHNOLOGIES INC COM 450564109 330 11000 SH SOLE 11000
IXC COMMUNICATIONS INC COM 450713102 789 17200 SH SOLE 17200
JABIL CIRCUIT INC COM 466313103 1187 29300 SH SOLE 29300
JOHNSON + JOHNSON COM 478160104 2342 25000 SH SOLE 25000
JONES INTERCABLE INC CL A 480206200 868 22000 SH SOLE 22000
KANSAS CITY SOUTHN INDS INC COM 485170104 1436 25200 SH SOLE 25200
KNIGHT TRIMARK GROUP CL A 499067106 1802 26900 SH SOLE 26900
LASER VISION CTRS INC COM 51807H100 469 12300 SH SOLE 12300
LEVEL 3 COMMUNICATIONS INC COM 52729N100 3728 51200 SH SOLE 51200
LINCOLN NATL CORP IN COM 534187109 2076 21000 SH SOLE 21000
LINENS N THINGS INC COM 535679104 898 19800 SH SOLE 19800
LOWES COS INC USD0.50 548661107 2541 42000 SH SOLE 42000
LSI LOGIC CORP COM 502161102 929 29800 SH SOLE 29800
LUCENT TECHNOLOGIES INC COM 549463107 6357 59000 SH SOLE 59000
MACROMEDIA INC COM 556100105 956 21100 SH SOLE 21100
MANNESMANN A G SPONSORED ADR 563775303 627 4910 SH SOLE 4910
MARSH + MCLENNAN COS INC COM 571748102 1113 15000 SH SOLE 15000
MATSUSHITA ELEC INDL LTDR ADR 576879209 232 1200 SH SOLE 1200
MCDONALDS CORP COM 580135101 16503 364200 SH SOLE 364200
MCI WORLDCOM INC COM 55268B106 19369 218700 SH SOLE 218700
MEDIAONE GROUP COM 58440J104 445 7000 SH SOLE 7000
MEDIMMUNE INC COM 584699102 479 8100 SH SOLE 8100
MERCK + CO INC COM 589331107 6335 79000 SH SOLE 79000
MERRILL CORP COM 590175105 483 36100 SH SOLE 36100
MERRILL LYNCH + CO INC COM 590188108 15494 175200 SH SOLE 175200
METROMEDIA FIBER NETWORK INC CL A 591689104 953 18400 SH SOLE 18400
MICROSOFT CORP COM 594918104 31915 356100 SH SOLE 356100
MIPS TECHNOLOGIES INC COM 604567107 1275 20900 SH SOLE 20900
MOL MAGYAR OLAJ ES GAZIPARI RT GDR 144A 608464103 1905 88814 SH SOLE 88814
MONTANA PWR CO COM 612085100 1560 21200 SH SOLE 21200
MORGAN STANLEY DEAN WITTER COM NEW 617446448 8635 86400 SH SOLE 86400
MORTON S RESTAURANT GROUP INC COM 619429103 310 20000 SH SOLE 20000
MOTOROLA INC COM 620076109 17104 233500 SH SOLE 233500
NASDAQ GOLD TR UNIT SER 1 631100104 4797 45600 SH SOLE 45600
NATIONAL AUSTRALIAN BANK SPONSORED ADR 632525408 262 2900 SH SOLE 2900
NETBANK INC COM 640933107 442 6500 SH SOLE 6500
NETWORK SOLUTIONS INC DEL CL A 64121Q102 2115 20000 SH SOLE 20000
NEW ERA OF NETWORKS INC COM 644312100 833 12300 SH SOLE 12300
NEWFIELD EXPL CO COM 651290108 453 20000 SH SOLE 20000
NEWMARK HOMES CORP COM 651578106 793 122000 SH SOLE 122000
NEXTEL COMMUNICATIONS INC CL A 65332V103 3505 95700 SH SOLE 95700
NIELSEN MEDIA RESH INC COM NEW 653929307 1029 41700 SH SOLE 41700
NIKE INC CL B 654106103 5030 87200 SH SOLE 87200
NIPPON TELEGRAPH & TELEPHONE SPONSORED ADR 654624105 512 10500 SH SOLE 10500
NOBLE DRILLING CORP COM 655042109 287 16600 SH SOLE 16600
NOKIA CORP SPONSORED ADR 654902204 33936 217890 SH SOLE 217890
NORTHERN TRUST CORP COM 665859104 6341 71400 SH SOLE 71400
NOVELL INC COM 670006105 202 8000 SH SOLE 8000
NTL INC COM 629407107 456 5600 SH SOLE 5600
NTT MOBILE COMMUNICATIONS ADR 629424201 286 5800 SH SOLE 5800
OMNICOM GROUP COM 681919106 719 9000 SH SOLE 9000
OUTBACK STEAKHOUSE INC COM 689899102 950 29000 SH SOLE 29000
PEARSON PLC SPONSORED ADR 705015105 252 11000 SH SOLE 11000
PEGASUS SYS INC COM 705906105 618 15500 SH SOLE 15500
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V101 1549 111200 SH SOLE 111200
PETROLEUM GEO SVCS AS SPONSORED ADR 716597109 305 20000 SH SOLE 20000
PFIZER INC COM 717081103 7493 54000 SH SOLE 54000
PHARMACIA + UPJOHN INC COM 716941109 1990 31900 SH SOLE 31900
PHILIPPINE LONG DIST TEL CO SPONSORED ADR 718252604 1597 61705 SH SOLE 61705
PHILIPS ELECTRIC SPONSORED ADR 718337504 218 2650 SH SOLE 2650
PLAYBOY ENTERPRISES INC COM CL B 728117300 396 17600 SH SOLE 17600
PMC SIERRA INC COM 69344F106 804 11300 SH SOLE 11300
PRICELINE COM INC COM 741503106 733 8850 SH SOLE 8850
PRIORITY HEALTHCARE CORP CL B 74264T102 1005 22200 SH SOLE 22200
PROCTER + GAMBLE CO COM 742718109 7424 75800 SH SOLE 75800
PROVIDIAN FINL CORP COM 74406A102 29371 267010 SH SOLE 267010
PSINET INC COM 74437C101 1562 36700 SH SOLE 36700
QUALCOMM INC COM 747525103 5398 43400 SH SOLE 43400
QWEST COMMUNICATIONS INTL INC COM 749121109 8550 118600 SH SOLE 118600
READERS DIGEST ASSN INC COM CL A NON V 755267101 821 26100 SH SOLE 26100
REAL NETWORKS INC COM 75605L104 440 3600 SH SOLE 3600
REINSURANCE GROUP AMER INC COM 759351109 900 21150 SH SOLE 21150
RF MICRO DEVICES INC COM 749941100 7110 74300 SH SOLE 74300
RHONE POULENC S A SPONSORED ADR 762426609 233 5300 SH SOLE 5300
ROCHE HLDGS LTD ADR 771195104 253 2075 SH SOLE 2075
ROCK FINL CORP MICH COM 772150108 365 20300 SH SOLE 20300
ROYAL DUTCH PETE CO NY REGISTRY SH 780257804 3533 67950 SH SOLE 67950
SANMINA CORP COM 800907107 982 15400 SH SOLE 15400
SAWTEK INC COM 805468105 560 16600 SH SOLE 16600
SBC COMMUNICATIONS INC DECS PCT 78387G202 1955 33700 SH SOLE 33700
SCHERING PLOUGH CORP COM 806605101 2213 40000 SH SOLE 40000
SCHLUMBERGER LTD COM 806857108 13933 231500 SH SOLE 231500
SCHWAB CHARLES CORP NEW COM STK 808513105 14486 150700 SH SOLE 150700
SDL INC COM 784076101 1189 13100 SH SOLE 13100
SEI INVESTMENTS CO COM 784117103 768 8300 SH SOLE 8300
SEPRACOR INC COM 817315104 831 7400 SH SOLE 7400
SHOREWOOD PACKAGING CORP COM 825229107 393 20000 SH SOLE 20000
SK TELECOM LTD SPONSORED ADR 78440P108 4783 392430 SH SOLE 392430
SMITH INTL INC COM 832110100 796 19900 SH SOLE 19900
SMITHKLINE BEECHAM P L C ADR REPSTG ORD 832378301 1044 14600 SH SOLE 14600
SMUCKER J M CO CL B NON VOTIN 832696207 355 20000 SH SOLE 20000
SMURFIT STONE CONTAINER CORP COM 832727101 1251 64800 SH SOLE 64800
SONY CORP ADR NEW 835699307 305 3335 SH SOLE 3335
SPORTSLINE USA INC COM 848934105 347 7600 SH SOLE 7600
SPRINT CORP COM 852061100 491 5000 SH SOLE 5000
SPRINT CORP PCS COM SER 1 852061506 1117 25200 SH SOLE 25200
STATE STREET CORPORATION COM 857477103 13980 170100 SH SOLE 170100
STMICROELECTRONICS N V SHS N Y REGIST 861012102 1243 12800 SH SOLE 12800
STONE ENERGY CORP COM 861642106 211 6600 SH SOLE 6600
SUN MICROSYSTEMS INC COM 866810104 24813 198600 SH SOLE 198600
TCA CABLE TV INC COM 872241104 900 20700 SH SOLE 20700
TELEBANC FINL CORP COM 87925R109 4035 50600 SH SOLE 50600
TELECOM ITALIA SPA SPONSORED ADR 87927W106 381 3650 SH SOLE 3650
TELECOMUNICACOES BRASILEIRAS SPNSD ADR REPS 879287308 11090 137550 SH SOLE 137550
TELEFONICA DE ARGENTINA S A SPONSORED ADR 879378206 3485 115210 SH SOLE 115210
TELEFONICA DEL PERU SA SPONSORED ADR 879384105 557 43700 SH SOLE 43700
TELEFONOS DE MEXICO S A SPONSORED ADR 879403780 19418 299078 SH SOLE 299078
TELEPHONE + DATA SYS INC COM 879433100 476 8500 SH SOLE 8500
TELEWEST COMMUNICATIONS PLC SPONSORED ADR 87596P105 412 9400 SH SOLE 9400
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3003 63300 SH SOLE 63300
TIFFANY + CO NEW COM 886547108 2123 28400 SH SOLE 28400
TIME WARNER INC COM 887315109 15143 213100 SH SOLE 213100
TMP WORLDWIDE INC COM 872941109 849 13100 SH SOLE 13100
TNT POST GROUP NV SPONSORED ADR 888742103 402 13600 SH SOLE 13600
TRANSOCEAN OFFSHORE INC COM 893817106 3017 104700 SH SOLE 104700
U S TR CORP NEW COM 91288L105 445 6000 SH SOLE 6000
UNIBANCO UNIAO DE BARNCOS BRAS GLOBAL DEPOSIT 90458E107 1607 83500 SH SOLE 83500
UNIPHASE CORP COM 909149106 1025 8900 SH SOLE 8900
UNITED TECHNOLOGIES CORP COM 913017109 6000 44300 SH SOLE 44300
UNIVISION COMMUNICATIONS INC CL A 914906102 310 6200 SH SOLE 6200
USWEB CORP COM 917327108 771 18700 SH SOLE 18700
VERISIGN INC COM 92343E102 1201 7800 SH SOLE 7800
VERITAS SOFTWARE CORP COM 923436109 856 10600 SH SOLE 10600
VIACOM INC CL B 925524308 420 5000 SH SOLE 5000
VISX INC DEL COM 92844S105 753 7000 SH SOLE 7000
VIVENDI SPONSORED ADR 92851S105 340 6900 SH SOLE 6900
VODAFON GROUP PLC SPONSORED ADR 92857T107 437 2325 SH SOLE 2325
WAL MART STORES INC COM 931142103 5900 64000 SH SOLE 64000
WATERS CORP COM 941848103 956 9100 SH SOLE 9100
WEATHERFORD INTL INC NEW COM 947074100 677 25900 SH SOLE 25900
WENDYS INTL INC COM 950590109 714 25100 SH SOLE 25100
WESTERN WIRELESS CORP CL A 95988E204 508 14000 SH SOLE 14000
WESTPAC BANKING LTD SPONSORED ADR 961214301 259 7100 SH SOLE 7100
WEYERHAEUSER CO COM 962166104 5683 102400 SH SOLE 102400
WILLAMETTE INDS INC COM 969133107 680 18000 SH SOLE 18000
WILLIAMS COS INC COM 969457100 593 15000 SH SOLE 15000
WOLTERS KLUWER N V SPONSORED ADR 977874205 422 2325 SH SOLE 2325
XOMED SURGICAL PRODS INC COM 98412V107 436 11100 SH SOLE 11100
YAHOO INC COM 984332106 11045 65600 SH SOLE 65600
YPF SOCIEDAD ANONIMA SPONSORED ADR 984245100 9917 314210 SH SOLE 314210
ZDNET COM 989511209 374 10400 SH SOLE 10400
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