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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended June 30, 1999
- --------------------------------------------------------------------------------
(Please read instructions before preparing form.)
- --------------------------------------------------------------------------------
If amended report check here: |_|
Bear Stearns Asset Management Inc.
- --------------------------------------------------------------------------------
Name of Institutional Investment Manager
575 Lexington Avenue, New York, NY 10022
- --------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
Jack Malick, 212-272-2434 Associate Director
- --------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
- ------------------------------------ATTENTION-----------------------------------
Intentional misstatements or omissions of facts constitute
Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
- --------------------------------------------------------------------------------
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York on the 12th day of
April, 1999.
Bear Stearns Asset Management Inc.
------------------------------------------
(Name of Institutional Investment Manager)
/s/ Jack Malick
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.: Name: 13F File No.:
- ----------------------- ------------- ----------------------- -------------
1. Soros Fund Mgmt 28-6420 6.
- ----------------------- ------------- ----------------------- -------------
2. Marvin & Palmer 28-2633 7.
- ----------------------- ------------- ----------------------- -------------
3. 8.
- ----------------------- ------------- ----------------------- -------------
4. 9.
- ----------------------- ------------- ----------------------- -------------
5. 10.
- ----------------------- ------------- ----------------------- -------------
SEC 1685 (7-88)
<PAGE>
FORM 13F
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS COMMON 000886101 228 5000 SH DEFINED 00 5000 0 0
A D C TELECOMMUNICATIONS COMMON 000886101 2383 52300 SH SOLE 52300 0 0
AT&T CORP COMMON 001957109 48504 869045 SH SOLE 771320 0 97725
ABBOTT LABS COMMON 002824100 2414 53200 SH SOLE 53200 0 0
ACTUATE CORP COMMON 00508B102 191 7200 SH DEFINED 00 7200 0 0
ACTUATE CORP COMMON 00508B102 2531 95500 SH SOLE 95500 0 0
AFFILIATED COMPUTER SERV CL A 008190100 820 16200 SH SOLE 16200 0 0
AIRBORNE FREIGHT CORP COMMON 009266107 6075 219400 SH SOLE 219400 0 0
ALLSTATE CORP COMMON 020002101 49530 1380635 SH SOLE 1136335 0 244300
ALYN CORP COMMON 022611107 865 276900 SH SOLE 276900 0 0
AMERICA ONLINE INC DEL COMMON 02364J104 1936 17600 SH SOLE 17600 0 0
AMERICAN EXPRESS CO COMMON 025816109 17163 131900 SH SOLE 131900 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 2295 40000 SH SOLE 40000 0 0
AMERICAN INTL GROUP INC COMMON 026874107 1759 15000 SH SOLE 15000 0 0
ANNTAYLOR STORES CORP COMMON 036115103 302 6700 SH DEFINED 00 6700 0 0
ANNTAYLOR STORES CORP COMMON 036115103 4199 93300 SH SOLE 93300 0 0
ANTEC CORP COMMON 03664P105 231 7200 SH DEFINED 00 7200 0 0
ANTEC CORP COMMON 03664P105 2299 71700 SH SOLE 71700 0 0
AON CORP COMMON 037389103 58035 1406910 SH SOLE 1190985 0 215925
APEX INC COMMON 037548104 276 13700 SH DEFINED 00 13700 0 0
APEX INC COMMON 037548104 3850 191300 SH SOLE 191300 0 0
APPLIED MATLS INC COMMON 038222105 8481 114800 SH SOLE 114800 0 0
ATLANTIC RICHFIELD CO COMMON 048825103 75463 903070 SH SOLE 766970 0 136100
ATMEL CORP COMMON 049513104 2174 83000 SH DEFINED 00 83000 0 0
ATMEL CORP COMMON 049513104 15896 607000 SH SOLE 607000 0 0
AURA PARTNERS AURA PARTNERS 051990109 2266 1262 SH SOLE 1262 0 0
BISYS GROUP INC COMMON 055472104 632 10800 SH SOLE 10800 0 0
BP AMOCO P L C DEPOSITORY RECEI 055622104 529 4871 SH SOLE 4871 0 0
BALLY TOTAL FITNESS HLDG COMMON 05873K108 7527 265255 SH SOLE 265255 0 0
BANK OF AMERICA CORP COMMON 060505104 56056 764617 SH SOLE 663692 0 100925
BANK NEW YORK INC COMMON 064057102 2040 55600 SH DEFINED 00 55600 0 0
BANK NEW YORK INC COMMON 064057102 88998 2425830 SH SOLE 2159050 0 266780
BANK UTD CORP CL A 065412108 4332 107800 SH SOLE 105800 0 2000
BAXTER INTERNATIONAL COMMON 071813109 65188 1075269 SH SOLE 891089 0 184180
BEAR STEARNS FDS S&P STARS CL Y 073921835 334 12496 SH SOLE 6499 0 5997
BELL ATLANTIC CORP COMMON 077853109 43256 661654 SH SOLE 572354 0 89300
BIG ENTMT INC COMMON 089144109 414 26500 SH SOLE 26500 0 0
BIG FLOWER HLDGS INC COMMON 089159107 6882 215900 SH SOLE 215900 0 0
BIOMET INC COMMON 090613100 795 20000 SH SOLE 20000 0 0
BLOCK H & R INC COMMON 093671105 375 7500 SH SOLE 4300 0 3200
BOWNE & CO INC COMMON 103043105 5185 387700 SH SOLE 387700 0 0
BRISTOL-MYERS SQUIBB COMMON 110122108 71667 1017453 SH SOLE 851353 0 166100
BUTLER INTL INC NEW COMMON 123649105 9424 704632 SH SOLE 704632 0 0
S & P 500 INDEX PUT OPT SEP 132 12488Y9U7 69687 54000 SH PUT SOLE 54000 0 0
CBS CORP COMMON 12490K107 871 20000 SH SOLE 20000 0 0
CVS CORP COMMON 126650100 12282 242000 SH SOLE 242000 0 0
CABLEVISION SYS CORP CL A 12686C109 10444 149200 SH SOLE 149200 0 0
CABLETRON SYS INC COMMON 126920107 585 45000 SH DEFINED 00 45000 0 0
CABLETRON SYS INC COMMON 126920107 4648 357500 SH SOLE 357500 0 0
CACI INTL INC CL A 127190304 3175 141100 SH SOLE 141100 0 0
CELADON GROUP INC COMMON 150838100 803 94500 SH SOLE 94500 0 0
CERIDIAN CORP COMMON 15677T106 7845 240000 SH SOLE 240000 0 0
CHUBB CORP COMMON 171232101 70205 1010145 SH SOLE 858945 0 151200
CINCINNATI BELL INC COMMON 171870108 1372 55000 SH SOLE 55000 0 0
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 13950 150000 SH SOLE 150000 0 0
CISCO SYS INC COMMON 17275R102 47009 729526 SH SOLE 675848 0 53678
CITIGROUP INC COMMON 172967101 93222 1962564 SH SOLE 1617259 0 345305
CLARK / BARDES HLDGS INC COMMON 180668105 456 24000 SH SOLE 24000 0 0
CLEAR CHANNEL COMMUNICAT COMMON 184502102 223 3240 SH SOLE 3240 0 0
COCA COLA CO COMMON 191216100 3855 62179 SH SOLE 61179 0 1000
COLUMBIA/HCA HEALTHCARE COMMON 197677107 1141 50000 SH SOLE 50000 0 0
COMARCO INC COMMON 200080109 3482 175765 SH SOLE 175765 0 0
COMCAST CORP CL A SPL 200300200 22547 586600 SH SOLE 586600 0 0
COMDISCO INC COMMON 200336105 1479 57700 SH DEFINED 00 57700 0 0
COMDISCO INC COMMON 200336105 11137 434600 SH SOLE 434600 0 0
COMPUTER TASK GROUP INC COMMON 205477102 4049 238195 SH SOLE 238195 0 0
COMPUWARE CORP COMMON 205638109 636 20000 SH DEFINED 00 20000 0 0
COMPUWARE CORP COMMON 205638109 17487 549700 SH SOLE 549700 0 0
CONSECO INC COMMON 208464107 13237 434900 SH SOLE 434900 0 0
CONSOLIDATED PRODS INC COMMON 209798107 7659 425500 SH SOLE 425500 0 0
CONVERGYS CORP COMMON 212485106 5767 297650 SH SOLE 258000 0 39650
CONSTELLATION PARTNERS COMMON 215990102 740 740000 SH SOLE 740000 0 0
COSTCO COMPANIES INC COMMON 22160Q102 1817 22700 SH DEFINED 00 22700 0 0
COSTCO COMPANIES INC COMMON 22160Q102 17534 219000 SH SOLE 219000 0 0
COX RADIO INC CL A 224051102 7320 134935 SH SOLE 134935 0 0
CRANE CO COMMON 224399105 3634 115600 SH SOLE 115600 0 0
CROMPTON & KNOWLES CORP COMMON 227111101 1445 73150 SH SOLE 11000 0 62150
CROWN CORK & SEAL INC COMMON 228255105 35302 1238650 SH SOLE 1041950 0 196700
CUBIC CORP COMMON 229669106 1607 65250 SH SOLE 64050 0 1200
CYMER INC COMMON 232572107 355 14200 SH DEFINED 00 14200 0 0
CYMER INC COMMON 232572107 3508 140300 SH SOLE 140300 0 0
CYTEC INDS INC COMMON 232820100 1159 36800 SH DEFINED 00 36800 0 0
CYTEC INDS INC COMMON 232820100 10663 338500 SH SOLE 338500 0 0
DSP COMMUNICATIONS INC COMMON 23332K106 1250 43300 SH DEFINED 00 43300 0 0
DSP COMMUNICATIONS INC COMMON 23332K106 20865 722590 SH SOLE 722590 0 0
DANA CORP COMMON 235811106 1382 30000 SH SOLE 30000 0 0
DATA TRANSMISSION NETWOR COMMON 238017107 10304 366380 SH SOLE 366380 0 0
DELPHI AUTOMOTIVE SYS COMMON 247126105 7399 399934 SH SOLE 336980 0 62954
DIAL CORP NEW COMMON 25247D101 6448 173400 SH SOLE 117800 0 55600
DIEDRICH COFFEE INC COMMON 253675102 140 20000 SH SOLE 20000 0 0
DISNEY WALT COMPANY COMMON 254687106 336 10900 SH SOLE 10900 0 0
DOLLAR THRIFTY AUTOMOTIV COMMON 256743105 570 24500 SH SOLE 24500 0 0
DUFF & PHELPS CR RATING COMMON 26432F109 13248 198105 SH SOLE 198105 0 0
DUN & BRADSTREET CORP COMMON 26483B106 94350 2662447 SH SOLE 2233697 0 428750
DURA PHARMACEUTICALS INC COMMON 26632S109 426 35700 SH SOLE 35700 0 0
ECI TELECOM LTD ORD 268258100 6898 207850 SH SOLE 207850 0 0
E M C CORP MASS COMMON 268648102 11528 209600 SH SOLE 209600 0 0
EATON VANCE CORP COM NON VTG 278265103 9284 269600 SH SOLE 269600 0 0
ELCOR CORP COMMON 284443108 6814 155975 SH SOLE 155975 0 0
EQUITABLE COS INC COMMON 29444G107 70280 1048960 SH SOLE 884078 0 164882
EXXON CORP COMMON 302290101 44444 576255 SH SOLE 498005 0 78250
FPL GROUP INC COMMON 302571104 38938 712815 SH SOLE 615065 0 97750
FEDERAL NATL MTG ASSN COMMON 313586109 65606 961254 SH SOLE 819558 0 141696
FEDERATED DEPT STORES COMMON 31410H101 206 3900 SH DEFINED 00 3900 0 0
FEDERATED DEPT STORES COMMON 31410H101 1911 36100 SH SOLE 36100 0 0
FOODMAKER INC NEW COM NEW 344839204 4724 166500 SH SOLE 166500 0 0
FORD MOTOR CO DEL COMMON 345370100 50061 887025 SH SOLE 750925 0 136100
FOUR MEDIA CO COMMON 350872107 3891 598665 SH SOLE 598665 0 0
FURNITURE BRANDS INTL IN COMMON 360921100 1477 53000 SH DEFINED 00 53000 0 0
FURNITURE BRANDS INTL IN COMMON 360921100 13181 472845 SH SOLE 472845 0 0
GAP INC DEL COMMON 364760108 1274 25300 SH DEFINED 00 25300 0 0
GAP INC DEL COMMON 364760108 17607 349512 SH SOLE 310667 0 38845
GARTNER GROUP INC NEW COMMON 366651107 7995 390000 SH SOLE 335900 0 54100
GENERAL ELEC CO COMMON 369604103 82000 725661 SH SOLE 608233 0 117428
GENERAL MTRS CORP COMMON 370442105 39088 592236 SH SOLE 502136 0 90100
GENERAL MTRS CORP CL H CL H NEW 370442832 4506 80026 SH SOLE 80026 0 0
GENESYS TELECOMMUNICATIO COMMON 371931106 768 30700 SH DEFINED 00 30700 0 0
GENESYS TELECOMMUNICATIO COMMON 371931106 7450 298000 SH SOLE 298000 0 0
GENUINE PARTS CO COMMON 372460105 74452 2127198 SH SOLE 1784198 0 343000
GEORGIA GULF CORP COM PAR $0.01 373200203 559 33100 SH DEFINED 00 33100 0 0
GEORGIA GULF CORP COM PAR $0.01 373200203 9992 592100 SH SOLE 592100 0 0
GIANT CEMENT HLDG INC COMMON 374450104 5215 227990 SH SOLE 227990 0 0
GLENBOROUGH RLTY TR INC COMMON 37803P105 1828 104450 SH SOLE 104450 0 0
GLOBAL PHARMACEUTICAL CO COMMON 378922108 2530 778454 SH SOLE 778454 0 0
GLOBAL LT TELECOMMUNICAT COMMON 37934X100 270 30000 SH SOLE 30000 0 0
GLOBAL MARINE INC COMMON 379352404 16408 1058600 SH SOLE 1058600 0 0
GRACE W R & CO DEL NEW COMMON 38388F108 317 16700 SH DEFINED 00 16700 0 0
GRACE W R & CO DEL NEW COMMON 38388F108 2588 136200 SH SOLE 136200 0 0
GRAINGER W W INC COMMON 384802104 63930 1188005 SH SOLE 1027105 0 160900
HADCO CORP COMMON 404681108 1864 46900 SH DEFINED 00 46900 0 0
HADCO CORP COMMON 404681108 17152 431500 SH SOLE 431500 0 0
HEALTHSOUTH CORP COMMON 421924101 7438 500000 SH SOLE 500000 0 0
HEWLETT PACKARD CO COMMON 428236103 1743 17340 SH SOLE 17340 0 0
HIBERNIA FOODS PLC DEPOSITORY RECEI 428660104 3887 676050 SH SOLE 676050 0 0
HIBERNIA FOODS TRADING SERIES A CONV PF 428990212 1118 7000 SH SOLE 7000 0 0
INTEL CORP COMMON 458140100 1131 19000 SH DEFINED 00 19000 0 0
INTEL CORP COMMON 458140100 34659 582500 SH SOLE 582500 0 0
INTEL CORP CALL OPT JAN 4 458140100 1190 20000 SH CALL DEFINED 00 20000 0 0
INTEL CORP CALL OPT JAN 4 458140100 8925 150000 SH CALL SOLE 150000 0 0
INTERNATIONAL BUSINESS M COMMON 459200101 1745 13500 SH DEFINED 00 13500 0 0
INTERNATIONAL BUSINESS M COMMON 459200101 76023 588182 SH SOLE 532182 0 56000
INTERSTATE BAKERIES CORP COMMON 46072H108 359 16000 SH SOLE 16000 0 0
JOHNSON & JOHNSON COMMON 478160104 1960 20000 SH SOLE 20000 0 0
JUNIPER NETWORKS COMMON 48203R104 373 2500 SH SOLE 2500 0 0
KEMET CORP COMMON 488360108 803 35000 SH DEFINED 00 35000 0 0
KEMET CORP COMMON 488360108 11898 518735 SH SOLE 518735 0 0
KIMBERLY CLARK CORP COMMON 494368103 83219 1459986 SH SOLE 1231326 0 228660
KROGER CO COMMON 501044101 10404 372400 SH SOLE 372400 0 0
LABORATORY CORP AMER HLD PFD CV EXCH% A 50540R201 492 8400 SH SOLE 8400 0 0
LATTICE SEMICONDUCTOR CO COMMON 518415104 1027 16500 SH DEFINED 00 16500 0 0
LATTICE SEMICONDUCTOR CO COMMON 518415104 10178 163500 SH SOLE 163500 0 0
LILLY ELI & CO COMMON 532457108 716 10000 SH DEFINED 00 10000 0 0
LILLY ELI & CO COMMON 532457108 7263 101410 SH SOLE 101410 0 0
LONE STAR INDS INC COM NEW 542290408 1127 30000 SH SOLE 30000 0 0
MCI WORLDCOM INC COMMON 55268B106 12892 149800 SH SOLE 149800 0 0
MATTEL INC COMMON 577081102 77627 2971355 SH SOLE 2416055 0 555300
MCDONALDS CORP COMMON 580135101 77512 1884800 SH SOLE 1618900 0 265900
MCKESSON HBOC INC COMMON 58155Q103 3831 119032 SH SOLE 119032 0 0
MEDIAONE GROUP INC COMMON 58440J104 13164 177000 SH SOLE 177000 0 0
MERCK & CO INC COMMON 589331107 19260 261590 SH SOLE 261590 0 0
MERCURY GENL CORP NEW COMMON 589400100 1064 31300 SH SOLE 31300 0 0
MICROSOFT CORP COMMON 594918104 6047 67050 SH SOLE 67050 0 0
MILLENNIUM PHARMACEUTICA COMMON 599902103 2880 80000 SH SOLE 80000 0 0
MOBIL CORP COMMON 607059102 415 4200 SH SOLE 4200 0 0
MUELLER INDS INC COMMON 624756102 6199 182650 SH SOLE 125700 0 56950
NATIONAL DATA CORP COMMON 635621105 770 18000 SH SOLE 18000 0 0
NATIONWIDE FINL SVCS CL A 638612101 860 19000 SH SOLE 19000 0 0
NETRIX CORP COMMON 641148101 802 225000 SH SOLE 225000 0 0
NEW CASTLE CLASS A COMMON 643997109 776 307 SH SOLE 307 0 0
NEWS CORP ADR DEPOSITORY RECEI 652487703 10382 294000 SH SOLE 294000 0 0
NORTEL NETWORKS CORP COMMON 656569100 37720 434500 SH SOLE 434500 0 0
NOVELL INC COMMON 670006105 416 15700 SH DEFINED 00 15700 0 0
NOVELL INC COMMON 670006105 7362 277800 SH SOLE 277800 0 0
OFFICEMAX INC COMMON 67622M108 9430 785800 SH SOLE 785800 0 0
ORANGE PLC DEPOSITORY RECEI 685211104 378 5000 SH SOLE 5000 0 0
OUTBACK STEAKHOUSE INC COMMON 689899102 13565 345050 SH SOLE 345050 0 0
PNC BANK CORP COMMON 693475105 49415 857535 SH SOLE 751535 0 106000
PENN TREATY AMERN CORP COMMON 707874103 3697 153630 SH SOLE 153630 0 0
PENNEY J C INC COMMON 708160106 44844 923420 SH SOLE 804472 0 118948
PEPSI BOTTLING GROUP COMMON 713409100 902 39000 SH SOLE 39000 0 0
PFIZER INC COMMON 717081103 13881 127350 SH SOLE 127350 0 0
PHILIP MORRIS COS COMMON 718154107 54599 1358604 SH SOLE 1094677 0 263927
PITNEY-BOWES INC COMMON 724479100 1895 29500 SH DEFINED 00 29500 0 0
PITNEY-BOWES INC COMMON 724479100 24454 380600 SH SOLE 351600 0 29000
PROJECT SOFTWARE & DEV I COMMON 74339P101 625 20000 SH SOLE 20000 0 0
QUALCOMM INC COMMON 747525103 13475 93900 SH SOLE 93900 0 0
QUANTUM CORP COMMON 747906105 9921 411228 SH SOLE 411228 0 0
RARE MEDIUM GROUP INC. RESTRICTED UNTIL 75382N109 2778 694444 SH SOLE 694444 0 0
RAYCHEM CORP DEL COMMON 754603108 68503 1851420 SH SOLE 1607500 0 243920
REHABCARE GROUP INC COMMON 759148109 7191 390000 SH SOLE 390000 0 0
REYNOLDS & REYNOLDS CL A 761695105 5362 230000 SH SOLE 230000 0 0
ROBBINS & MYERS INC COMMON 770196103 2231 100000 SH SOLE 100000 0 0
ROCKWELL INTL CORP NEW COMMON 773903109 225 3700 SH SOLE 3700 0 0
ROPER INDS INC NEW COMMON 776696106 5389 168400 SH SOLE 168400 0 0
ROSS STORES INC COMMON 778296103 8060 160000 SH SOLE 160000 0 0
SBC COMMUNICATIONS INC COMMON 78387G103 49999 862055 SH SOLE 707755 0 154300
SLM HLDG CORP COMMON 78442A109 2259 49300 SH DEFINED 00 49300 0 0
SLM HLDG CORP COMMON 78442A109 120943 2639950 SH SOLE 2282250 0 357700
SPS TECHNOLOGIES INC COMMON 784626103 3120 83200 SH SOLE 83200 0 0
SALON INTERNET, INC. RESTRICTED UNTIL 79549F108 6121 644330 SH SOLE 644330 0 0
SCHOLASTIC CORP COMMON 807066105 9026 178300 SH SOLE 178300 0 0
SCHWAB CHARLES CORP NEW COMMON 808513105 1256 11525 SH SOLE 11525 0 0
SEITEL INC COM NEW 816074306 2185 135000 SH SOLE 135000 0 0
SHOREWOOD PACKAGING CORP COMMON 825229107 511 27700 SH SOLE 27700 0 0
SMURFIT-STONE CONTAINER COMMON 832727101 2823 137300 SH DEFINED 00 137300 0 0
SMURFIT-STONE CONTAINER COMMON 832727101 33797 1643640 SH SOLE 1527740 0 115900
SOFTNET SYS INC COMMON 833964109 418 15000 SH SOLE 15000 0 0
SOLECTRON CORP COMMON 834182107 800 12000 SH SOLE 12000 0 0
SOLUTIA INC COMMON 834376105 2675 125500 SH DEFINED 00 125500 0 0
SOLUTIA INC COMMON 834376105 75209 3528850 SH SOLE 3151650 0 377200
SPRINT CORP PCS COM SER 1 852061506 21751 381600 SH SOLE 381600 0 0
STANLEY WKS COMMON 854616109 277 8600 SH SOLE 8600 0 0
STAPLES INC COMMON 855030102 14015 453000 SH SOLE 453000 0 0
STERLING SOFTWARE INC COMMON 859547101 27042 1022850 SH SOLE 943750 0 79100
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 717 31500 SH SOLE 31500 0 0
SUMMIT BANCORP COMMON 866005101 293 6999 SH SOLE 1485 0 5514
SUN MICROSYSTEMS INC COMMON 866810104 723 10500 SH DEFINED 00 10500 0 0
SUN MICROSYSTEMS INC COMMON 866810104 12783 185600 SH SOLE 185600 0 0
TELECOM ITALIA SPA DEPOSITORY RECEI 87927W106 842 8000 SH SOLE 8000 0 0
TEREX CORP NEW COMMON 880779103 3844 126300 SH SOLE 126300 0 0
TEXACO INC COMMON 881694103 73822 1183517 SH SOLE 1014585 0 168932
TEXAS INSTRS INC COMMON 882508104 878 6100 SH SOLE 6100 0 0
THESTREET.COM RESTRICTED 88368Q103 42766 1187954 SH SOLE 1187954 0 0
TIME WARNER INC COMMON 887315109 13879 191100 SH SOLE 191100 0 0
TORCHMARK CORP COMMON 891027104 69459 2035420 SH SOLE 1685770 0 349650
TRIBUNE CO NEW COMMON 896047107 5669 65067 SH SOLE 51627 0 13440
TYCO INTL LTD COMMON 902124106 17093 180400 SH SOLE 180400 0 0
U S FRANCHISE SVCS INC CL A NEW 902956309 16683 719480 SH SOLE 719480 0 0
U S RESTAURANT PPTYS INC COMMON 902971100 650 30600 SH DEFINED 00 30600 0 0
U S RESTAURANT PPTYS INC COMMON 902971100 9937 467615 SH SOLE 467615 0 0
UNILEVER N V NY SHS DEPOSITORY RECEI 904784709 249 3571 SH SOLE 3571 0 0
UNITED RENTALS INC COMMON 911363109 8058 273150 SH SOLE 273150 0 0
UNITED TECHNOLOGIES CORP COMMON 913017109 70930 985138 SH SOLE 807728 0 177410
UNIVERSAL STAINLESS & AL COMMON 913837100 4148 721410 SH SOLE 721410 0 0
UNIVISION COMMUNICATIONS CL A 914906102 7072 108800 SH SOLE 108800 0 0
USFREIGHTWAYS CORP COMMON 916906100 7239 156300 SH SOLE 156300 0 0
VARLEN CORP COMMON 922248109 9008 222410 SH SOLE 222410 0 0
VIAD CORP COMMON 92552R109 80424 2599575 SH SOLE 2246275 0 353300
VISHAY INTERTECHNOLOGY I COMMON 928298108 3659 174250 SH DEFINED 00 174250 0 0
VISHAY INTERTECHNOLOGY I COMMON 928298108 37065 1765000 SH SOLE 1765000 0 0
VISTA INFORMATION SOLUTI COM NEW 928365204 1755 151800 SH SOLE 151800 0 0
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 7663 38900 SH SOLE 38900 0 0
WPP GROUP PLC DEPOSITORY RECEI 929309300 83405 972655 SH SOLE 890905 0 81750
WASHINGTON MUTUAL INC COMMON 939322103 50243 1412821 SH SOLE 1204051 0 208770
WENDYS INTL INC COMMON 950590109 80363 2819770 SH SOLE 2405370 0 414400
WESTVACO CORP COMMON 961548104 7001 241400 SH SOLE 241400 0 0
WINDMERE-DURABLE HLDGS COMMON 973411101 219 13000 SH SOLE 13000 0 0
WINSLOEW FURNITURE INC COMMON 975377102 1513 45000 SH SOLE 45000 0 0
XEROX CORP COMMON 984121103 69559 1177716 SH SOLE 980816 0 196900
SANTA FE INTL CORP ORD G7805C108 8970 390000 SH SOLE 390000 0 0
AUDIOCODES LTD ORD M15342104 4217 156200 SH SOLE 156200 0 0
STEINER LEISURE LTD ORD P8744Y102 9827 324175 SH SOLE 324175 0 0
</TABLE>
