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: VMF Capital, L.L.C.
Address: 118 Third Avenue SE
Suite 700
Cedar Rapids, IA 52401
13F File Number: 801-55404
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: Julie Birkicht
Title: Operations Manager
Phone: 319-861-2200
Signature, Place and Date of Signing:
Julie Birkicht Cedar Rapids, Iowa April 13, 2000
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
AS OF DATE: 3/31/00
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 205
FORM 13F INFORMATION TABLE VALUE TOTAL: $591,353,000
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<TABLE>
FORM 13F
INFORMATION TABLE
AS OF DATE: 3/31/00
<CAPTION>
VALUE SHARES/ SH/ PUT INVSTMT OTH VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP x$1000 PRN AMT PRN CAL DSCRETN MAN SOLE SHARED NONE
- ------------------------------ ------- ---------- ------ ------ --- --- ---- --- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS .................. COM 002824100 5452 154955 SH 0 DEFINED 0 145955 9000 0
ACT MFG INC .................. COM 000973107 718 12830 SH 0 SOLE 0 12830 0 0
ADVANCED ENERGY INDS INC ..... COM 007973100 209 4100 SH 0 DEFINED 0 4000 100 0
AEGON N V .................... COM 007924103 386 4798 SH 0 SOLE 0 4798 0 0
AES CORP ..................... COM 00130H105 1181 15000 SH 0 DEFINED 0 0 15000 0
AFFILIATED MANAGERS GROUP .... COM 008252108 490 10310 SH 0 SOLE 0 10310 0 0
AFLAC INC .................... COM 001055102 419 9198 SH 0 DEFINED 0 8534 664 0
ALTEON WEBSYSTEMS INC ........ COM 02145A109 830 10125 SH 0 SOLE 0 10125 0 0
AMERICA ONLINE INC ........... COM 02364J104 5454 80870 SH 0 DEFINED 0 70870 10000 0
AMERICAN EXPRESS CO .......... COM 025816109 2274 15270 SH 0 SOLE 0 15270 0 0
AMERICAN HOME PRODUCTS CORP .. COM 026609107 818 15220 SH 0 DEFINED 0 5220 10000 0
AMERICAN INTL GROUP INC ...... COM 026874107 13299 121453 SH 0 DEFINED 0 113671 7782 0
AMERICAN STD COS INC ......... COM 029712106 1814 49035 SH 0 SOLE 0 49035 0 0
AMPHENOL CORPORATION CL A .... COM 032095101 590 5770 SH 0 SOLE 0 5770 0 0
ANHEUSER BUSCH CO ............ COM 035229103 5688 91375 SH 0 DEFINED 0 81375 10000 0
APOLLO GROUP INC CL A ........ COM 037604105 619 21960 SH 0 SOLE 0 21960 0 0
ARROW ELECTRS INC ............ COM 042735100 564 16000 SH 0 DEFINED 0 0 16000 0
AT & T CORP .................. COM 001957109 11951 212233 SH 0 DEFINED 0 197233 15000 0
ATLANTIC RICHFIELD CO ........ COM 048825103 3521 41420 SH 0 SOLE 0 41420 0 0
AVERY DENNISON CORP .......... COM 053611109 489 8000 SH 0 DEFINED 0 0 8000 0
BAKER HUGHES INC ............. COM 057224107 454 15000 SH 0 DEFINED 0 0 15000 0
BANK OF AMERICA .............. COM 060505104 6665 127107 SH 0 DEFINED 0 111831 15276 0
BANK ONE CORP ................ COM 06423A103 510 14850 SH 0 DEFINED 0 0 14850 0
BB&T CORP .................... COM 054937107 3997 142425 SH 0 SOLE 0 142425 0 0
BEA SYSTEMS INC .............. COM 073325102 5101 69520 SH 0 DEFINED 0 69385 135 0
BEC ENERGY ................... COM 05538M101 381 9000 SH 0 DEFINED 0 0 9000 0
BELLSOUTH CORP ............... COM 079860102 1264 26965 SH 0 SOLE 0 26965 0 0
BIOTECH HOLDRS TRUST ......... COM 09067D201 2526 14905 SH 0 SOLE 0 14905 0 0
BLACKROCK INC CL A ........... COM 09247X101 677 33410 SH 0 DEFINED 0 32080 1330 0
BP AMOCO PLC ................. COM 055622104 543 10200 SH 0 DEFINED 0 200 10000 0
BRISTOL MYERS SQUIBB CO ...... COM 110122108 1244 21450 SH 0 DEFINED 0 1450 20000 0
BROADWING INC ................ COM 111620100 3050 82005 SH 0 SOLE 0 82005 0 0
BROCADE COMMUNICATIONS SYS ... COM 111621108 1975 11015 SH 0 DEFINED 0 10975 40 0
BURLINGTON RESOURCES INC ..... COM 122014103 370 10000 SH 0 DEFINED 0 0 10000 0
CABLE & WIRELESS PUB LTD CO AD COM 126830207 4835 86345 SH 0 SOLE 0 86345 0 0
CARRIER ACCESS CORP .......... COM 144460102 324 6080 SH 0 SOLE 0 6080 0 0
CASEYS GENERAL STORES INC .... COM 147528103 2926 269015 SH 0 DEFINED 0 234015 35000 0
CHASE MANHATTAN CORP ......... COM 16161A108 925 10605 SH 0 DEFINED 0 605 10000 0
CINTAS CORP .................. COM 172908105 546 13921 SH 0 SOLE 0 13921 0 0
CISCO SYSTEMS INC ............ COM 17275R102 13270 171644 SH 0 DEFINED 0 142780 28864 0
CITIGROUP INC ................ COM 172967101 18087 302073 SH 0 DEFINED 0 286492 15581 0
COCA COLA CO ................. COM 191216100 526 11200 SH 0 DEFINED 0 2000 9200 0
COLGATE PALMOLIVE CO ......... COM 194162103 3536 62730 SH 0 SOLE 0 62730 0 0
COMAIR HOLDINGS INC .......... COM 199789108 581 24799 SH 0 SOLE 0 24799 0 0
COMPAQ COMPUTER CORP ......... COM 204493100 281 10500 SH 0 DEFINED 0 500 10000 0
COMPUTER SCIENCES CORP ....... COM 205363104 3437 43435 SH 0 SOLE 0 43435 0 0
COMVERSE TECHNOLOGY INC ...... COM 205862402 8579 90782 SH 0 DEFINED 0 90538 244 0
CONAGRA INC .................. COM 205887102 375 20700 SH 0 DEFINED 0 700 20000 0
COSTCO WHOLESALE CORP ........ COM 22160K105 1156 22000 SH 0 DEFINED 0 0 22000 0
CREDENCE SYSTEMS CORP ........ COM 225302108 662 5290 SH 0 DEFINED 0 5210 80 0
CROWN CORK & SEAL INC ........ COM 228255105 160 10000 SH 0 DEFINED 0 0 10000 0
CV THERAPEUTIC CONV SUB 4.750% CONV BD 126667AA2 250 250000 PRN 0 SOLE 0 250000 0 0
DELL COMPUTER CORP ........... COM 247025109 465 8630 SH 0 DEFINED 0 400 8230 0
DISNEY WALT PRODUCTIONS ...... COM 254687106 516 12500 SH 0 DEFINED 0 500 12000 0
DU PONT E I DE NEMOURS & CO .. COM 263534109 8194 154777 SH 0 DEFINED 0 145673 9104 0
E M C CORP MASS .............. COM 268648102 7771 61675 SH 0 DEFINED 0 51575 10100 0
EL PASO ENERGY CORP DEL ...... COM 283905107 485 12000 SH 0 DEFINED 0 0 12000 0
ELAN PLC ADR ................. COM 284131208 7656 161176 SH 0 SOLE 0 161176 0 0
ELECTRONIC DATA SYSTEMS CORP . COM 285661104 449 7000 SH 0 DEFINED 0 0 7000 0
EMERSON ELEC CO .............. COM 291011104 3296 62045 SH 0 DEFINED 0 56045 6000 0
EXTREME NETWORKS INC ......... COM 30226D106 2120 26830 SH 0 SOLE 0 26830 0 0
EXXON CORPORATION ............ COM 30231G102 13593 174403 SH 0 DEFINED 0 155778 18625 0
FEDERAL NAT'L MORTGAGE ASSN .. COM 313586109 9760 172557 SH 0 SOLE 0 172557 0 0
FEDL HOME LOAN MTG ........... COM 313400301 331 7500 SH 0 DEFINED 0 0 7500 0
FIRST UNION CORP ............. COM 337358105 224 6000 SH 0 DEFINED 0 0 6000 0
FIRSTAR CORP ................. COM 33763V109 9526 415281 SH 0 SOLE 0 415281 0 0
FLEETBOSTON FINANCIAL CORP ... PFD STK 339030603 201 8000 SH 0 SOLE 0 8000 0 0
FLEXTRONICS INTL LTD ......... COM Y2573F102 708 10055 SH 0 SOLE 0 10055 0 0
FOSSIL INC ................... COM 349882100 806 34377 SH 0 SOLE 0 34377 0 0
FURNITURE BRANDS INTL INC .... COM 360921100 1956 103960 SH 0 SOLE 0 103960 0 0
GENERAL ELEC CO .............. COM 369604103 22360 143681 SH 0 DEFINED 0 126859 16822 0
GENERAL MOTORS CORP .......... COM 370442105 580 7000 SH 0 DEFINED 0 0 7000 0
GENERAL MOTORS CORP CL H ..... COM 370442832 872 7000 SH 0 DEFINED 0 0 7000 0
GEORGIA PACIFIC CORP ......... COM 373298108 5967 150821 SH 0 SOLE 0 150821 0 0
GILLETTE CO .................. COM 375766102 2148 56990 SH 0 DEFINED 0 48990 8000 0
GLOBESPAN INC ................ COM 379571102 569 5585 SH 0 SOLE 0 5585 0 0
GREAT BEAR TECHNOLOGY INC .... COM 390158103 35 3463800 SH 0 SOLE 0 3463800 0 0
GTE CORP ..................... COM 362320103 1092 15375 SH 0 DEFINED 0 575 14800 0
HADCO CORP ................... COM 404681108 440 6775 SH 0 SOLE 0 6775 0 0
HANCOCK JOHN FINL SVCS INC ... COM 41014S106 1304 72170 SH 0 SOLE 0 72170 0 0
HANOVER COMPRESSOR CO ........ COM 410768105 569 10000 SH 0 SOLE 0 10000 0 0
HARTFORD LIFE INC ............ COM 416592103 1602 34175 SH 0 SOLE 0 34175 0 0
HEARTLAND EXPRESS INC ........ COM 422347104 1696 120750 SH 0 SOLE 0 120750 0 0
HEWLETT PACKARD CO ........... COM 428236103 17225 129942 SH 0 DEFINED 0 123442 6500 0
HOME DEPOT INC ............... COM 437076102 7382 114455 SH 0 DEFINED 0 97955 16500 0
HOOPER HOLMES INC ............ COM 439104100 437 12725 SH 0 SOLE 0 12725 0 0
I B M ........................ COM 459200101 12528 106172 SH 0 DEFINED 0 98172 8000 0
ICG COMMUNICATIONS INC ....... COM 449246107 582 16100 SH 0 SOLE 0 16100 0 0
ILLINOIS TOOL WORKS INC ...... COM 452308109 553 10000 SH 0 DEFINED 0 0 10000 0
INTEL CORP ................... COM 458140100 7968 60394 SH 0 DEFINED 0 50196 10198 0
INTERMEDIA COMMUNICATION FLA . COM 458801107 661 13685 SH 0 DEFINED 0 13530 155 0
INTERNET INFRASTRUCTURE HOLD . COM 46059V104 679 10000 SH 0 SOLE 0 10000 0 0
INTERSIL HLDG CORP ........... COM 46069S109 562 10875 SH 0 DEFINED 0 10265 610 0
ITC DELTACOM INC ............. COM 45031T104 458 12850 SH 0 SOLE 0 12850 0 0
IVAX CORP .................... COM 465823102 1526 55985 SH 0 SOLE 0 55985 0 0
JABIL CIRCUIT INC ............ COM 466313103 7929 183330 SH 0 SOLE 0 183330 0 0
JACADA LTD ................... COM M6184R101 216 14795 SH 0 SOLE 0 14795 0 0
JOHNSON & JOHNSON ............ COM 478160104 3940 56090 SH 0 DEFINED 0 42490 13600 0
JUNIPER NETWORKS INC ......... COM 48203R104 1676 6360 SH 0 DEFINED 0 6320 40 0
KENNETH COLE PRODUCTIONS INC . COM 193294105 540 13763 SH 0 SOLE 0 13763 0 0
KIMBERLY CLARK CORP .......... COM 494368103 528 9410 SH 0 DEFINED 0 410 9000 0
KLA-TENCOR CORP .............. COM 482480100 2505 29735 SH 0 DEFINED 0 29460 275 0
KNIGHT TRIMARK GROUP ......... COM 499068104 452 8865 SH 0 SOLE 0 8865 0 0
LEGATO SYS INC ............... COM 524651106 507 11360 SH 0 SOLE 0 11360 0 0
LILLY ELI & CO ............... COM 532457108 470 7500 SH 0 DEFINED 0 500 7000 0
LOWES COS INC ................ COM 548661107 1972 33779 SH 0 DEFINED 0 23275 10504 0
LUCENT TECHNOLOGIES INC ...... COM 549463107 852 13740 SH 0 DEFINED 0 740 13000 0
MARTIN MARIETTA MATERIALS INC COM 573284106 5106 107500 SH 0 SOLE 0 107500 0 0
MATTEL INC ................... COM 577081102 264 25105 SH 0 SOLE 0 25105 0 0
MAXIM INTEGRATED PRODS INC ... COM 57772K101 6196 87192 SH 0 DEFINED 0 86675 517 0
MCDONALDS CORP ............... COM 580135101 374 10000 SH 0 DEFINED 0 0 10000 0
MCI WORLDCOM ................. COM 55268B106 4387 96824 SH 0 DEFINED 0 76711 20113 0
MCLEOD INC ................... COM 582266102 4969 58590 SH 0 DEFINED 0 58470 120 0
MEDTRONIC INC ................ COM 585055106 5033 97847 SH 0 DEFINED 0 97496 351 0
MERCK & CO INC ............... COM 589331107 9672 155683 SH 0 DEFINED 0 145396 10287 0
MERCURY COMPUTER SYS INC ..... COM 589378108 567 11600 SH 0 SOLE 0 11600 0 0
MERRILL LYNCH MITTS NIKKEI 225 COM 590188355 3000 300000 SH 0 SOLE 0 300000 0 0
MERRILL LYNCH & CO INC ....... COM 590188108 5113 48692 SH 0 DEFINED 0 48465 227 0
METROMEDIA FIBER NETWORK CL A COM 591689104 2853 29490 SH 0 DEFINED 0 29385 105 0
MGIC INVESTMENT CORP ......... COM 552848103 524 12000 SH 0 DEFINED 0 0 12000 0
MICROSOFT CORP ............... COM 594918104 9183 86431 SH 0 DEFINED 0 66255 20176 0
MINNESOTA MNG & MFG CO ....... COM 604059105 724 8175 SH 0 DEFINED 0 75 8100 0
MIPS TECHNOLOGIES INC CL A ... COM 604567107 389 6990 SH 0 SOLE 0 6990 0 0
MKS INSTRS INC ............... COM 55306N104 259 5130 SH 0 DEFINED 0 5030 100 0
MMC NETWORKS INC ............. COM 55308N102 268 8110 SH 0 SOLE 0 8110 0 0
MONACO COACH CORP ............ COM 60886R103 689 36275 SH 0 SOLE 0 36275 0 0
MORGAN J P & CO INC .......... COM 616880100 4099 31110 SH 0 SOLE 0 31110 0 0
MORGAN STANLEY DEAN WITTER ... COM 617446448 1326 16000 SH 0 DEFINED 0 0 16000 0
MOTOROLA INC ................. COM 620076109 4808 32930 SH 0 DEFINED 0 27930 5000 0
NABORS INDS INC .............. COM 629568106 2155 55530 SH 0 SOLE 0 55530 0 0
NETRO CORP ................... COM 64114R109 1022 15716 SH 0 DEFINED 0 15370 346 0
NEWELL RUBBERMAID INC ........ COM 651229106 258 10400 SH 0 DEFINED 0 400 10000 0
NOBLE DRILLING CORP .......... COM 655042109 2288 55305 SH 0 SOLE 0 55305 0 0
NORTEL NETWORKS CORP ......... COM 656569100 3844 30507 SH 0 DEFINED 0 30120 387 0
NORTHEAST OPTIC NETWORK INC .. COM 664334109 477 5642 SH 0 DEFINED 0 5552 90 0
NUCOR CORP ................... COM 670346105 300 6000 SH 0 DEFINED 0 0 6000 0
ON ASSIGNMENT INC ............ COM 682159108 632 28100 SH 0 SOLE 0 28100 0 0
ORACLE CORP .................. COM 68389X105 6544 83830 SH 0 DEFINED 0 83670 160 0
PEPSICO INC .................. COM 713448108 640 18350 SH 0 DEFINED 0 1650 16700 0
PFIZER INC ................... COM 717081103 6408 175251 SH 0 DEFINED 0 159570 15681 0
PHILIP MORRIS COS INS ........ COM 718154107 264 12500 SH 0 DEFINED 0 500 12000 0
PHONE COM INC ................ COM 71920Q100 385 2360 SH 0 SOLE 0 2360 0 0
PITNEY BOWES INC ............. COM 724479100 447 10000 SH 0 DEFINED 0 0 10000 0
POWERTEL INC ................. COM 73936C109 429 6199 SH 0 SOLE 0 6199 0 0
PROCTER & GAMBLE CO .......... COM 742718109 2874 50871 SH 0 DEFINED 0 41871 9000 0
PSINET INC ................... COM 74437C101 3735 109798 SH 0 DEFINED 0 108990 808 0
QUALCOMM INC ................. COM 747525103 974 6520 SH 0 DEFINED 0 6205 315 0
REGENERON PHARMACEUTICALS .... COM 75886F107 443 15000 SH 0 SOLE 0 15000 0 0
RELIANT ENERGY INC ........... COM 75952J108 259 11000 SH 0 DEFINED 0 0 11000 0
RELIASTAR FINANCIAL CORP ..... COM 75952U103 271 8000 SH 0 DEFINED 0 0 8000 0
REMEC INC .................... COM 759543101 430 8515 SH 0 SOLE 0 8515 0 0
ROYAL DUTCH PETRO-NY SHARES .. COM 780257804 5224 90363 SH 0 DEFINED 0 79950 10413 0
RUDOLPH TECHNOLOGIES INC ..... COM 781270103 268 5960 SH 0 DEFINED 0 5850 110 0
RUSSELL FRANK INVT CO INTL SEC MUT FD 782493845 218 2982 SH 0 SOLE 0 2982 0 0
RUSSELL FRANK INVT CO SPL GROW MUT FD 782493886 238 4442 SH 0 SOLE 0 4442 0 0
RYANAIR HOLDINGS PLC ADR ..... COM 783513104 565 12310 SH 0 SOLE 0 12310 0 0
SAFECO CORP .................. COM 786429100 266 10000 SH 0 DEFINED 0 0 10000 0
SANMINA CORP ................. COM 800907107 7235 107090 SH 0 SOLE 0 107090 0 0
SARA LEE CORP ................ COM 803111103 926 51460 SH 0 DEFINED 0 18860 32600 0
SBC COMMUNICATIONS INC ....... COM 78387G103 831 19724 SH 0 DEFINED 0 2724 17000 0
SCHERING PLOUGH CORP ......... COM 806605101 345 9280 SH 0 DEFINED 0 280 9000 0
SCHLUMBERGER LTD ............. COM 806857108 5896 77073 SH 0 DEFINED 0 66768 10305 0
SEAGATE TECHNOLOGY ........... COM 811804103 1287 20585 SH 0 SOLE 0 20585 0 0
SEI INVESTMENTS CO ........... COM 784117103 777 6846 SH 0 DEFINED 0 6485 361 0
SHERWIN WILLIAMS CO .......... COM 824348106 332 15000 SH 0 DEFINED 0 0 15000 0
SIEBEL SYS INC ............... COM 826170102 3989 33395 SH 0 DEFINED 0 33255 140 0
SIGMA ALDRICH CORP ........... COM 826552101 296 11000 SH 0 DEFINED 0 0 11000 0
SOLECTRON CORP ............... COM 834182107 782 19490 SH 0 SOLE 0 19490 0 0
SONIC CORP ................... COM 835451105 351 12885 SH 0 SOLE 0 12885 0 0
SOUTHWEST AIRLINES CO ........ COM 844741108 4825 231822 SH 0 SOLE 0 231822 0 0
SOUTHWEST SEC KNIGHT/TRIMARK D CONV PFD 845224203 3203 56500 SH 0 SOLE 0 56500 0 0
ST PAUL COS INC .............. COM 792860108 5816 170439 SH 0 SOLE 0 170439 0 0
STATE STREET CORP ............ COM 857477103 329 3400 SH 0 SOLE 0 3400 0 0
SUN MICROSYSTEMS INC ......... COM 866810104 28426 303362 SH 0 DEFINED 0 302866 496 0
SUNGARD DATA SYS INC ......... COM 867363103 5569 147535 SH 0 SOLE 0 147535 0 0
SYNCOR INTERNATIONAL CORP .... COM 87157J106 375 11350 SH 0 SOLE 0 11350 0 0
SYNOPSYS INC ................. COM 871607107 362 7430 SH 0 SOLE 0 7430 0 0
SYSCO CORP ................... COM 871829107 723 20000 SH 0 DEFINED 0 0 20000 0
TARGET CORP .................. COM 87612E106 4659 62323 SH 0 DEFINED 0 61836 487 0
TECHNE CORP .................. COM 878377100 375 5435 SH 0 SOLE 0 5435 0 0
TENET HEALTHCARE CORP ........ COM 88033G100 460 20000 SH 0 DEFINED 0 0 20000 0
TENNESSEE VALLEY AUTH PARRS 06 PFD STK 880591300 203 9400 SH 0 SOLE 0 9400 0 0
TEXAS INSTRS INC ............. COM 882508104 7516 46973 SH 0 DEFINED 0 46698 275 0
TIME WARNER INC .............. COM 887315109 600 6000 SH 0 DEFINED 0 0 6000 0
TRANSOCEAN SEDCO FOREX INC ... COM G90078109 520 10129 SH 0 DEFINED 0 8193 1936 0
TUT SYSTEMS INC .............. COM 901103101 473 7935 SH 0 SOLE 0 7935 0 0
TYCO INTL LTD ................ COM 902124106 14364 286563 SH 0 DEFINED 0 262993 23570 0
UNUMPROVIDENT CORP ........... COM 91529Y106 203 12000 SH 0 DEFINED 0 0 12000 0
US BANCORP ................... COM 902973106 241 11000 SH 0 DEFINED 0 1000 10000 0
UTSTARCOM INC ................ COM 918076100 390 5000 SH 0 SOLE 0 5000 0 0
VERISIGN INC ................. COM 92343E102 5701 38132 SH 0 DEFINED 0 37970 162 0
VERITAS SOFTWARE CO .......... COM 923436109 4768 36400 SH 0 DEFINED 0 36181 220 0
VINTAGE PETE INC ............. COM 927460105 644 32000 SH 0 SOLE 0 32000 0 0
VODAFONE GROUP PLC ........... COM 92857T107 5404 97266 SH 0 DEFINED 0 96802 464 0
WAL MART STORES INC .......... COM 931142103 17571 310995 SH 0 DEFINED 0 290278 20717 0
WARNER LAMBERT CO ............ COM 934488107 488 5000 SH 0 DEFINED 0 0 5000 0
WASHINGTON MUTUAL INC ........ COM 939322103 5157 194615 SH 0 DEFINED 0 184615 10000 0
WATERS CORP .................. COM 941848103 1360 14275 SH 0 SOLE 0 14275 0 0
WEBTRENDS CORP ............... COM 94844D104 384 5335 SH 0 DEFINED 0 5230 105 0
WELLS FARGO .................. COM 949746101 1153 28300 SH 0 DEFINED 0 1300 27000 0
WILLAMETTE INDS INC .......... COM 969133107 2826 70420 SH 0 DEFINED 0 69750 670 0
WILLIAMS COS INC ............. COM 969457100 3546 80697 SH 0 DEFINED 0 80055 642 0
XILINX INC ................... COM 983919101 1669 20150 SH 0 DEFINED 0 0 20150 0
ZALE CORP .................... COM 988858106 408 8654 SH 0 DEFINED 0 8210 444 0
ZIONS BANCORPORATION ......... COM 989701107 223 5350 SH 0 SOLE 0 5350 0 0
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