Securities and Exchange Commission
FORM 13F-HR
Report for Calendar Year or Quarter Ended: (Year) 12/31/2000
Check here if Amendment []: AMENDMENT NO.____
This Amendment (check only one): [ ] is a restatement
[ ] adds a new holding
Institutional Investment Manager Filing this Report:
Name: SG Cowen Asset Management, Inc.
Address: 560 Lexington Avenue
New York, NY 10022
Form 13F File Number: 028-07390
The institutional investment manager filing this report and the
person by whom it is signed hereby represents 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:
/s/William R Church
___________________________
[William R. Church]
SG Cowen Asset Management, Inc.
560 Lexington Avenue
New York, NY 10022
Dated: January 17, 2001
Report Type (Check Only One)
[X] 13F HOLDING 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).)
FORM 13F INFORMATION TABLE
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Name Title of Value Shrs or Put/InvestmentOther Voting Authority
Issuer Class CUSIP (x$1000)prn amt CallDiscretionManagerSole Shared None
20TH CENTURY INDS CALXXX COM 901272203 7139 501000 SOLE 501000 0 0
4 KIDS ENTERTAINMENT INC COM 350865101 1283 143480 SOLE 141980 0 1500
ABC-NACO INC COM 000752105 1082 178530 SOLE 170830 0 7700
AGCO CORP COM 001084102 11658 961100 SOLE 938400 0 22700
AGNICO-EAGLE MINES LTD COM 008474108 120 20000 SOLE 20000 0 0
AGRIUM INC COM 008916108 3277 224000 SOLE 221300 0 2700
AIR PDTS & CHEMICALS INC COM 009158106 2306 56255 SOLE 42360 0 13895
AIRGAS INC COM 009363102 102 15000 SOLE 10000 0 5000
ALASKA AIR GROUP INC COM 011659109 5370 180490 SOLE 176290 0 4200
ALBERTSONS INCORPORATED COM 013104104 682 25750 SOLE 19600 0 6150
ALLEGHENY ENERGY INC COM 017361106 1687 35000 SOLE 35000 0 0
ALLIANCE BANCORP COM 01852J105 2582 112275 SOLE 112175 0 100
ALLIANCE FIBER OPTIC COM 018680108 420 70000 SOLE 69000 0 1000
ALLMERICA FINL CORP COM 019754100 450 6210 SOLE 6210 0 0
ALLSTATE CORP COM 020002101 6650 152670 SOLE 145370 0 7300
ALTERA CORP COM 021441100 355 13500 SOLE 13500 0 0
AMBAC FINANCIAL GRP INC COM 023139108 394 6750 SOLE 6750 0 0
AMEREN CORPORATION COM 023608102 6947 150000 SOLE 150000 0 0
AMERICAN EXPRESS COMPANY COM 025816109 742 13500 SOLE 13500 0 0
AMERICAN INTL GROUP INC COM 026874107 7698 78108 SOLE 74900 0 3208
ANGLOGOLD LTD SPONS ADRE COM 035128206 601 40200 SOLE 40000 0 200
APACHE CORP COMMON COM 037411105 4681 66820 SOLE 59200 0 7620
APEX SILVER MINES LTD COM G04074103 318 38000 SOLE 28000 0 10000
ARCH COAL INC COM 039380100 6886 487330 SOLE 468230 0 19100
ARTHUR J GALLAGHER & CO COM 363576109 4044 63550 SOLE 61750 0 1800
ARTISOFT INC COM 04314L106 1791 493350 SOLE 469050 0 24300
AT&T CORP COM 001957109 4817 279220 SOLE 266350 0 12870
ATMEL CORP COM 049513104 813 69900 SOLE 69900 0 0
AVON PRODUCTS INC COM 054303102 3598 75145 SOLE 71610 0 3535
AXCELIS TECHNOLOGIES INC COM 054540109 755 85000 SOLE 83500 0 1500
BAKER HUGHES INC COM 057224107 6576 158240 SOLE 148045 0 10195
BANCWEST CORP COM 059790105 2502 95740 SOLE 94540 0 1200
BANK ONE CORP COM 06423A103 7420 202555 SOLE 193315 0 9240
BARNES & NOBLE INC COM 067774109 6604 249200 SOLE 248000 0 1200
BARRICK GOLD CORP COM 067901108 328 20000 SOLE 20000 0 0
BATTLE MTN GOLD CO COM 071593107 2077 1228941 SOLE 1198941 0 30000
BAUSCH & LOMB INC COM 071707103 2317 57295 SOLE 56495 0 800
BAXTER INTL INC COM 071813109 5065 57355 SOLE 54470 0 2885
BERKLEY W R CORPORATION COM 084423102 24340 515780 SOLE 514080 0 1700
BERKSHIRE HATHAWAY CL B COM 084670207 2980 1266 SOLE 968 0 298
BEVERLY ENTERPRISES COM 087851309 14275 1742947 SOLE 1663747 0 79200
BOISE CASCADE CORP COM 097383103 2242 66670 SOLE 65770 0 900
BORDERS GROUP INC COM 099709107 1679 143600 SOLE 142000 0 1600
BOSTON PVT FINL HLDGS COM 101119105 1868 93950 SOLE 92150 0 1800
BRISTOL MYERS SQUIBB CO COM 110122108 7679 103855 SOLE 97630 0 6225
BURLINGTON RESOURCES INC COM 122014103 1980 39215 SOLE 29790 0 9425
CACHEFLOW INC COM 126946102 493 28923 SOLE 28423 0 500
CALGON CARBON CORP COM 129603106 17529 3080628 SOLE 2875728 0 204900
CAMBRIDGE HEART INC COM 131910101 210 86000 SOLE 86000 0 0
CAMPBELL SOUP COMPANY COM 134429109 720 20780 SOLE 15855 0 4925
CARTER-WALLACE INC COM 146285101 4737 141911 SOLE 132511 0 9400
CELL THERAPEUTICS INC COM 150934107 2138 47450 SOLE 47050 0 400
CHASE MANHATTAN CORP NEW COM 16161A108 613 13500 SOLE 13500 0 0
CHILES OFFSHORE INC COM 16888M104 375 15000 SOLE 7500 0 7500
CHUBB CORP COM 171232101 10135 117165 SOLE 105200 0 11965
CINERGY CORP COM 172474108 11750 334460 SOLE 317465 0 16995
CISCO SYSTEMS INC COM 17275R102 465 12150 SOLE 12150 0 0
CITIGROUP INC COM 172967101 964 18870 SOLE 18870 0 0
CLAIRES STORES INC COM 179584107 4098 228437 SOLE 225437 0 3000
CMS ENERGY CORP COM 125896100 2340 73850 SOLE 57350 0 16500
CNET NETWORKS INC COM 12613R104 1247 77917 SOLE 77087 0 830
CNF INC COM 12612W104 2413 71380 SOLE 68120 0 3260
COASTAL CORP COM 190441105 512 5800 SOLE 5000 0 800
COFLEXIP COM 192384105 3036 48289 SOLE 46789 0 1500
COMPAQ COMPUTER CORP COM 204493100 4141 275130 SOLE 263210 0 11920
COMPUTER ASSOC INTL INC COM 204912109 3581 183650 SOLE 174740 0 8910
CONOCO INC COM 208251306 5756 201050 SOLE 189610 0 11440
CONSTELLATION ENERGY COM 210371100 3048 67650 SOLE 67650 0 0
COVENANT TRANS INC COM 22284P105 1427 132700 SOLE 127300 0 5400
CRACKER BARREL OLD COM 224100107 11969 658000 SOLE 658000 0 0
CREDENCE SYSTEMS CORP COM 225302108 2805 121950 SOLE 120250 0 1700
CSX CORP COM 126408103 2018 77800 SOLE 74120 0 3680
CUBIST PHARM INC COM 229678107 1883 64920 SOLE 63920 0 1000
CYGNUS INC COM 232560102 5663 1160550 SOLE 1087350 0 73200
DAVITA INC COM 23918K108 6421 374830 SOLE 370530 0 4300
DELTA AIR LINES INC COM 247361108 361 7200 SOLE 7200 0 0
DEVON ENERGY CORP COM 251799102 704 11550 SOLE 11000 0 550
DIAMOND OFFSHORE COM 25271C102 226 5650 SOLE 2350 0 3300
DITECH COMMNS CORP COM 25500M103 1690 105220 SOLE 103720 0 1500
DONNELLEY R.R. & SONS CO COM 257867101 888 32900 SOLE 24700 0 8200
E M C CORP MASS COM 268648102 219 3290 SOLE 3290 0 0
EASTMAN KODAK COMPANY COM 277461109 1824 46310 SOLE 44180 0 2130
EDISON INTERNATIONAL COM 281020107 469 30000 SOLE 30000 0 0
EEX CORP NEW COM 26842V207 3225 660851 SOLE 562901 0 97950
EL PASO ENERGY CORP DEL COM 283905107 4901 68420 SOLE 63385 0 5035
ENCHIRA BIOTECH CORP COM 29251Q107 129 23600 SOLE 0 0 23600
EVANS&SUTHERLAND COMPUTR COM 299096107 6502 838970 SOLE 791270 0 47700
EXFO ELECTRO OPTICAL COM 302043104 1307 50000 SOLE 49000 0 1000
FAIRCHILD SEMICONDUCTOR COM 303726103 2124 147060 SOLE 145460 0 1600
FANNIE MAE COM 313586109 3071 35400 SOLE 33300 0 2100
FEDL HOME LOAN MTG CORP COM 313400301 2629 38170 SOLE 36410 0 1760
FELCOR LODGING TR INC COM 31430F101 2610 109012 SOLE 108012 0 1000
FIDELITY NATL FINL INC COM 316326107 3743 101320 SOLE 100020 0 1300
FIREPOND INC COM 318224102 1831 193980 SOLE 192080 0 1900
FLOWERS INDUSTRIES INC COM 343496105 2531 160691 SOLE 158391 0 2300
FOREST OIL CORP COM 346091606 1912 51836 SOLE 50886 0 950
FORTUNE BRANDS INC COM 349631101 1599 53300 SOLE 46350 0 6950
FOUNDRY NETWORKS INC COM 35063R100 263 17500 SOLE 17200 0 300
FRANCO NEV MNG CORP LTDF COM 351860101 171 15000 SOLE 15000 0 0
FREEMARKETS INC COM 356602102 728 38300 SOLE 37700 0 600
GENERAL ELECTRIC CO COM 369604103 1698 35420 SOLE 34420 0 1000
GENERAL MILLS INC COM 370334104 873 19600 SOLE 14950 0 4650
GENERAL MOTORS CORP COM 370442105 458 9000 SOLE 9000 0 0
GENTA INC COM 37245M207 6365 795570 SOLE 774570 0 21000
GLAMIS GOLD LTD COM 376775102 80 51500 SOLE 0 0 51500
GRANT PRIDECO INC COM 38821G101 3524 160600 SOLE 156390 0 4210
GRUPO AEROPORTUARIO COM 40051E202 166 10000 SOLE 0 0 10000
GYMBOREE CORP COM 403777105 473 34070 SOLE 34070 0 0
HALLIBURTON COMPANY COM 406216101 1028 28365 SOLE 22240 0 6125
HARTFORD FINL SVCS GROUP COM 416515104 1370 19400 SOLE 14700 0 4700
HCA HEALTHCARE COMPANY COM 404119109 3973 90270 SOLE 85790 0 4480
HEALTH NET INC COM 42222G108 16518 630700 SOLE 630300 0 400
HEALTHSOUTH CORP COM 421924101 23361 1432310 SOLE 1341810 0 90500
HERLEY INDUSTRIES INC COM 427398102 3164 190260 SOLE 183560 0 6700
HILLENBRAND IND INC COM 431573104 15965 310000 SOLE 310000 0 0
HOMESTAKE MINING COMPANY COM 437614100 19916 4753232 SOLE 4562332 0 190900
HUBBELL INC CL B COM 443510201 6334 239000 SOLE 239000 0 0
HUMANA INC COM 444859102 23743 1556940 SOLE 1508200 0 48740
HURRICANE HYDROCARBONS COM 44779E106 371 78000 SOLE 70000 0 8000
I P C HOLDINGS LTD COM G4933P101 210 10000 SOLE 6500 0 3500
IMC GLOBAL INC COM 449669100 5536 355806 SOLE 339306 0 16500
INFINIUM SOFTWARE INC COM 45662Y109 893 572300 SOLE 515000 0 57300
INFO RESOURCES INC COM 456905108 3505 1058895 SOLE 982795 0 76100
INPUT/OUTPUT INC COM 457652105 459 45000 SOLE 45000 0 0
INTEL CORP COM 458140100 389 12940 SOLE 12940 0 0
INTERSTATE BAKERIES COM 46072H108 5602 398425 SOLE 396450 0 1975
INTL FLAVOR & FRAGRANCES COM 459506101 926 45600 SOLE 36300 0 9300
IOMEGA CORP COM 462030107 3715 1109040 SOLE 1060640 0 48400
IVAX CORP COM 465823102 1746 45600 SOLE 45600 0 0
JOHNSON & JOHNSON COMMON COM 478160104 682 6490 SOLE 4435 0 2055
KEYSPAN ENERGY COM 49337K106 11348 267775 SOLE 253855 0 13920
KIRBY CORP COM 497266106 5346 254570 SOLE 252370 0 2200
LASALLE HOTEL PROPERTIES COM 517942108 996 65550 SOLE 65550 0 0
LATTICE SEMICONDUCTOR COM 518415104 1559 84800 SOLE 83400 0 1400
LEXICON GENETICS INC COM 528872104 5666 340730 SOLE 336130 0 4600
LIBERATE TECHNOLOGIES COM 530129105 6349 465838 SOLE 410940 0 54898
LIBERTY FINL COS INC COM 530512102 12610 283000 SOLE 283000 0 0
LINDSAY MFG CO COM 535555106 7062 312080 SOLE 296580 0 15500
LITTON INDUSTRIES INC COM 538021106 5412 68770 SOLE 68770 0 0
LO JACK CORP COM 539451104 1651 218345 SOLE 216445 0 1900
LOCKHEED MARTIN CORP COM 539830109 12451 366740 SOLE 340840 0 25900
LOUISIANA PACIFIC CORP COM 546347105 310 30570 SOLE 30570 0 0
LUBRIZOL CORP COM 549271104 3496 135750 SOLE 135000 0 750
MACERICH CO COM 554382101 1923 100210 SOLE 98510 0 1700
MADISON GAS&ELECTRIC CO COM 557497104 2761 122000 SOLE 122000 0 0
MANOR CARE INC NEW COM 564055101 19864 962860 SOLE 928960 0 33900
MARINE DRILLING COS COM 568240204 912 34090 SOLE 31390 0 2700
MATTEL INCORPORATED COM 577081102 9680 670330 SOLE 642570 0 27760
MC CORMICK & CO INC N-VT COM 579780206 1199 33240 SOLE 25760 0 7480
MCN ENERGY GROUP INC COM 55267J100 18391 664188 SOLE 660488 0 3700
MEAD CORPORATION COM 582834107 2937 93590 SOLE 91590 0 2000
MERCK & CO INC COM 589331107 802 8565 SOLE 6560 0 2005
MERCURY GENERAL CORP COM 589400100 8482 193300 SOLE 193300 0 0
MERIDIAN GOLD INC COM 589975101 1462 212500 SOLE 168000 0 44500
MERRILL LYNCH & CO INC COM 590188108 491 7200 SOLE 7200 0 0
MICHAELS STORES INC COM 594087108 3939 148649 SOLE 144849 0 3800
MICROSOFT CORP COM 594918104 1173 27050 SOLE 27050 0 0
MID ATLANTIC MED SVC INC COM 59523C107 40253 2031976 SOLE 1971976 0 60000
MISSISSIPPI CHEM COR COM 605288208 63 20000 SOLE 0 0 20000
MOOG INC CL A COMMON COM 615394202 1356 46775 SOLE 46775 0 0
MOTOROLA INCORPORATED COM 620076109 1994 98480 SOLE 94020 0 4460
MUTUAL RISK MGMT LTD COM 628351108 2389 157270 SOLE 152970 0 4300
MYLAN LABORATORIES INC COM 628530107 18682 741645 SOLE 714370 0 27275
NASDAQ-100 TRUST SR 1 COM 631100104 788 13500 SOLE 13500 0 0
NATIONAL FUEL GAS CO COM 636180101 1413 22450 SOLE 22450 0 0
NATL COMMERCE BANCORP COM 635449101 2550 103040 SOLE 101740 0 1300
NCR CORP NEW COM 62886E108 5644 114874 SOLE 109215 0 5659
NELSON THOMAS INC COM 640376109 3152 450290 SOLE 433990 0 16300
NETBANK INC COM 640933107 1796 273790 SOLE 260990 0 12800
NEWELL RUBBERMAID INC COM 651229106 1465 64395 SOLE 52320 0 12075
NEWMONT MINING CORP COM 651639106 5075 297451 SOLE 282490 0 14961
NEWPARK RES INC 7/90 COM 651718504 149 15600 SOLE 0 0 15600
NEWPORT NEWS SHIPBLDG COM 652228107 14765 283942 SOLE 272242 0 11700
NIAGARA MOHAWK HLDGS INC COM 653520106 8729 523000 SOLE 523000 0 0
NICOR INC COM 654086107 6435 149000 SOLE 149000 0 0
NOBLE AFFILIATES INC COM 654894104 14862 323090 SOLE 313130 0 9960
NORTHRIM BANK ALASKA COM 666764105 980 96780 SOLE 86780 0 10000
NORTHROP GRUMMAN CORP COM 666807102 12487 150450 SOLE 144240 0 6210
NOVARTIS A G ADR COM 66987V109 201 4500 SOLE 4500 0 0
NOVO-NORDISK A/S ADR COM 670100205 540 6100 SOLE 5600 0 500
NOVOSTE CORPORATION COM 67010C100 2261 82200 SOLE 75800 0 6400
NRTH AMER PALLADIUM LTDF COM 656912102 382 42000 SOLE 34000 0 8000
NUANCE COMMUNICATIONS COM 669967101 1415 32810 SOLE 32410 0 400
OCEAN ENERGY INC TEXAS COM 67481E106 17381 1000051 SOLE 964861 0 35190
OCEANEERING INTL INC COM 675232102 14481 744894 SOLE 697194 0 47700
OLIN CORP COM 680665205 3867 174745 SOLE 163945 0 10800
ORACLE CORP COM 68389X105 266 9150 SOLE 9150 0 0
OSHKOSH B GOSH INC CL A COM 688222207 3323 179603 SOLE 179403 0 200
PACIFICARE HTLH SYS CHG COM 695112201 12116 807730 SOLE 804745 0 2985
PARADIGM GEOPHYSCAL LTDF COM 69900J104 79 17500 SOLE 12500 0 5000
PARKER DRILLING CO COM 701081101 2640 521810 SOLE 491710 0 30100
PENNZOIL-QUAKER ST CO COM 709323109 9782 759510 SOLE 732810 0 26700
PETROLEUM GEO-SERVICES COM 716597109 831 62422 SOLE 58422 0 4000
PETSMART INC COM 716768106 4778 1658940 SOLE 1600340 0 58600
PFIZER INCORPORATED COM 717081103 695 15110 SOLE 15110 0 0
PG&E CORPORATION COM 69331C108 600 30000 SOLE 30000 0 0
PHELPS DODGE CORPORATION COM 717265102 2326 41680 SOLE 39740 0 1940
PIONEER NATL RES CO COM 723787107 27777 1410718 SOLE 1366273 0 44445
PLACER DOME INC COM 725906101 21487 2231301 SOLE 2106572 0 124729
POTASH CORP COM 73755L107 15109 192936 SOLE 186514 0 6422
PRECISION DRILLING CRP COM 74022D100 443 11800 SOLE 7000 0 4800
PRIDE INTL INC COM 741932107 2510 101900 SOLE 100300 0 1600
PROGRESS ENERGY INC COM 743263105 6076 123520 SOLE 114440 0 9080
PROSPERITY BANCSHS INC COM 743606105 494 25000 SOLE 25000 0 0
PUGET SOUND ENERGY INC COM 745332106 5729 206000 SOLE 206000 0 0
PUMA TECH INC COM 745887109 2104 505810 SOLE 498510 0 7300
QUESTAR CORP COM 748356102 7575 252000 SOLE 252000 0 0
RADIO ONE INC CL D COM 75040P405 1282 116500 SOLE 91500 0 25000
RAYTHEON CO CL B COM 755111408 5992 192930 SOLE 176360 0 16570
READ RITE CORP COM 755246105 1430 354780 SOLE 338080 0 16700
READERS DIGEST ASSN INC COM 755267101 22840 583697 SOLE 567897 0 15800
RENAISSANCERE HLDGS LTDE COM G7496G103 3392 43310 SOLE 42710 0 600
RIGGS NATL CORP WASH DC COM 766570105 321 23000 SOLE 23000 0 0
RPM INCORPORATED OHIO COM 749685103 6940 810800 SOLE 806200 0 4600
SAFECO CORP COM 786429100 5423 164945 SOLE 150275 0 14670
SANTA FE INTL CORP COM G7805C108 321 10000 SOLE 10000 0 0
SAP AKTIENGESELLSCHAFT COM 803054204 3484 103410 SOLE 98220 0 5190
SARA LEE CORP COM 803111103 2115 86135 SOLE 67500 0 18635
SBC COMMUNICATIONS INC COM 78387G103 298 6250 SOLE 5450 0 800
SCANA CORP NEW COM 80589M102 1226 41466 SOLE 36682 0 4784
SCC COMMUNICATIONS CORP COM 78388X105 149 35000 SOLE 35000 0 0
SCHOLASTIC CORP COM 807066105 8892 100325 SOLE 95580 0 4745
SEARS ROEBUCK & CO COM COM 812387108 4608 132590 SOLE 125660 0 6930
SELECTICA INC DEL COM 816288104 4694 194050 SOLE 191850 0 2200
SEMPRA ENERGY COM 816851109 1948 83785 SOLE 64190 0 19595
SENSIENT TECHNOLOGIES COM 81725T100 3269 143700 SOLE 143700 0 0
SERONO SA COM 81752M101 850 35500 SOLE 30000 0 5500
SIERRA HEALTH SVCS INC COM 826322109 7089 1865500 SOLE 1865500 0 0
SOLUTIA INC COM 834376105 2937 244720 SOLE 241120 0 3600
SONOCO PRODUCTS CO COM 835495102 5559 257000 SOLE 257000 0 0
SPANISH BROADCASTING SYS COM 846425882 935 187060 SOLE 184760 0 2300
SPECIALTY LABORATORIES COM 84749R100 414 12500 SOLE 6500 0 6000
SPEECHWORKS INTL INC COM 84764M101 1965 40060 SOLE 39560 0 500
SPINNAKER EXPLORATION CO COM 84855W109 1275 30000 SOLE 30000 0 0
SPRINT CORP COM 852061100 406 20000 SOLE 20000 0 0
ST PAUL COMPANIES INC COM 792860108 8374 154185 SOLE 136910 0 17275
STANLEY WORKS COM 854616109 2585 82880 SOLE 82180 0 700
STERLING BANCSHARES INC COM 858907108 5516 279280 SOLE 269280 0 10000
STORAGE USA INC COM 861907103 2223 70017 SOLE 69517 0 500
SYMANTEC CORP COM 871503108 1639 49090 SOLE 46700 0 2390
TASTY BAKING CO COM 876553306 2238 159726 SOLE 152926 0 6800
TECK CORP CL B COM 878742204 1780 188380 SOLE 185880 0 2500
TECO ENERGY INC COM 872375100 11041 340990 SOLE 331695 0 9295
TELEDYNE TECH INC COM 879360105 2356 99700 SOLE 99700 0 0
TEMPLE INLAND INC COM 879868107 2147 40040 SOLE 39540 0 500
TENET HEALTHCARE CORP COM 88033G100 400 9000 SOLE 9000 0 0
TERADYNE INCORPORATED COM 880770102 4387 117780 SOLE 112180 0 5600
TEXAS INDUSTRIES INC COM 882491103 525 17498 SOLE 17498 0 0
TICKETMASTER ONLINE COM 88633P203 694 82830 SOLE 81930 0 900
TIFFANY AND COMPANY COM 886547108 712 22500 SOLE 22500 0 0
TORCHMARK CORP COM 891027104 2284 59420 SOLE 47650 0 11770
TOYS "R" US INC COM 892335100 10197 610940 SOLE 591210 0 19730
TRANS WORLD ENTERTAINMNT COM 89336Q100 3728 417037 SOLE 411437 0 5600
TRANSATLANTIC HLDGS INC COM 893521104 5696 53800 SOLE 53800 0 0
TRANSOCEAN OFFSHORE COM 893817106 1490 32400 SOLE 31000 0 1400
TRANSOCEAN SEDCO FOREX E COM G90078109 1229 26724 SOLE 24782 0 1942
TYSON FOODS INC CL A COM 902494103 10235 802745 SOLE 765430 0 37315
U S X-US STEEL GROUP COM 90337T101 6147 341480 SOLE 314730 0 26750
UAL CORP NEW COM 902549500 2648 68000 SOLE 66900 0 1100
ULTRAMAR DIAMOND SHAMRCK COM 904000106 4567 147895 SOLE 140735 0 7160
UNIFI INC COM 904677101 5382 602000 SOLE 602000 0 0
UNITED HEALTHCARE COR COM 910581107 859 13990 SOLE 8380 0 5610
UNITED TECHNOLOGIES CORP COM 913017109 7679 97660 SOLE 93060 0 4600
UNIVERSAL HEALTH RLTY COM 91359E105 298 15000 SOLE 12000 0 3000
UNIVERSAL HEALTH SVC CLB COM 913903100 2752 24630 SOLE 24430 0 200
UNUM CORP XXX COM 903192102 17568 653565 SOLE 632210 0 21355
UNUMPROVIDENT CORP COM 91529Y106 2185 81300 SOLE 72600 0 8700
UROLOGIX INC COM 917273104 300 22000 SOLE 19000 0 3000
USFREIGHTWAYS CORP COM 916906100 4680 155570 SOLE 151770 0 3800
USINTERNETWORKING INC COM 917311805 5506 1101100 SOLE 1083100 0 18000
USX-MARATHON GROUP COM 902905827 1764 63550 SOLE 49200 0 14350
UTILICORP UNITED INC COM 918005109 8797 283774 SOLE 273576 0 10198
VARCO INTL INC DEL NEW COM 922122106 2778 127722 SOLE 111621 0 16101
VERITAS DGC INC COM 92343P107 5274 163290 SOLE 157890 0 5400
VERITAS SOFTWARE CORP COM 923436109 2606 29786 SOLE 28488 0 1298
VERIZON COMMUNICATIONS COM 92343V104 283 5654 SOLE 5654 0 0
WABTEC COM 929740108 2754 234370 SOLE 227370 0 7000
WAL-MART STORES INC COM 931142103 298 5610 SOLE 5610 0 0
WASH RL EST INV TR SBI COM 939653101 3134 132635 SOLE 131635 0 1000
WASHINGTON GAS LIGHT XXX COM 938837101 3288 108000 SOLE 108000 0 0
WATSON PHARM INC COM 942683103 4142 80905 SOLE 74280 0 6625
WESTERN GAS RES INC COM 958259103 841 24950 SOLE 14450 0 10500
W-H ENERGY SERVICES INC COM 92925E108 492 25000 SOLE 25000 0 0
WILLBROS GRP INC COM 969199108 191 30000 SOLE 2000 0 28000
WILLIAMS COMMUNICATIONS COM 969455104 470 40000 SOLE 40000 0 0
WILMINGTON TR CORP COM 971807102 3316 53440 SOLE 52640 0 800
WILSON GREATBATCH TECH COM 972232102 2387 84510 SOLE 83310 0 1200
WRIGLEY WM JR CO COM 982526105 278 2900 SOLE 1940 0 960
XANADU LABS LTD COM 983878109 10 10000 SOLE 10000 0 0
XCEL ENERGY INC COM 98389B100 4576 157484 SOLE 145148 0 12336
XL CAPITAL LTD SHS A E COM G98255105 3600 41200 SOLE 34430 0 6770
ZALE CORP NEW COM 988858106 1729 59500 SOLE 58500 0 1000
ZOLL MED CORP COM 989922109 316 9000 SOLE 9000 0 0
</TABLE>
