BECK, MACK & OLIVER LLC
330 MADISON AVENUE
NEW YORK, N.Y. 10017-5001
FORM 13F
Report for the quarter ended: March 31, 1999
Name of Institutional Manager: Beck, Mack & Oliver LLC
Address: 330 Madison Avenue, New York, NY 10017-5001
Name. Phone Number and Title of Person Duly Authorized to Submit This Report:
ROBERT C. BECK, SENIOR MEMBER 212 661-2640
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 amendments represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to section 13F of the Securities Exchange Act of 1934 and rules
thereunder, 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 January, 1999.
BECK. MACK & OLIVER. LLC
Name of Institutional Manager
ROBERT C. BECK
Manual Signature of Person Duly Authorized to
Submit This Report
<PAGE>
FORM 13 F SUMMARY PAGE
NUMBER OF OTHER INCLUDED MANAGERS: 5
FORM 13F INFORMATION TABLE ENTRY TOTAL: 260
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,171,599,576
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)
1) John C. Beck
2) Robert J. Campbell
3) M. Gerald Sedam II
4) Dan I. Abrams
5) Jonathan D. Gross
<PAGE>
<TABLE> <S> <S>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C
INV DSC MANAGERS SOLE SHARED NONE
AFLAC INC COMMON 001055102 305 5596 SH
SOLE 0 0 5596
AT&T CORP COMMON 001957109 7232 90610 SH
SOLE 0 0 90610
AT&T CP. LIB.MEDIA GR A COM 001957208 29764 565964 SH
SOLE 0 0 565964
AT&T CORP COM LIB GRP B 001957307 1038 19312 SH
SOLE 0 0 19312
ABBOTT LABS COMMON 002824100 91401 1952481 SH
SOLE 0 0 1952481
ADVANCED NEUROMODULATION COMMON 00757T101 206 30000 SH
SOLE 0 0 30000
AETNA INC COMMON 008117103 11000 132529 SH
SOLE 0 0 132529
AIR TOUCH COMMUNICATNS COMMON 00949T100 1537 15911 SH
SOLE 0 0 15911
AIR TOUCH COMMUNICATNS PFD B CV 6.00% 00949T209 643 8163 SH
SOLE 0 0 8163
AIR TOUCH COMMUNICATNS PFD C CV 4.25% 00949T308 705 5241 SH
SOLE 0 0 5241
ALIANT COMMUNICATIONS COMMON 016090102 422 10300 SH
SOLE 0 0 10300
ALKERMES INC COMMON 01642T108 441 16170 SH
SOLE 0 0 16170
ALLERGAN INC COMMON 018490102 560 6373 SH
SOLE 0 0 6373
ALLIED HLDGS INC COMMON 019223106 5071 530339 SH
SOLE 0 0 530339
ALLIED SIGNAL INC COMMON 019512102 2665 54171 SH
SOLE 0 0 54171
ALLSTATE CORP COMMON 020002101 432 11662 SH
SOLE 0 0 11662
ALLTEL CORP COMMON 020039103 263 4218 SH
SOLE 0 0 4218
AMERADA HESS CORP COMMON 023551104 17353 341090 SH
SOLE 0 0 341090
AMERICAN EXPRESS CO COMMON 025816109 56953 483681 SH
SOLE 0 0 483681
AMERICAN HOME PRODS CORP COMMON 026609107 1701 26068 SH
SOLE 0 0 26068
AMERICAN INTL GROUP INC COMMON 026874107 231254 1917131 SH
SOLE 0 0 1917131
AMERICAN NATL INS CO COMMON 028591105 201 3000 SH
SOLE 0 0 3000
AMERITECH CORP NEW COMMON 030954101 522 9052 SH
SOLE 0 0 9052
AMP INC COMMON 031897101 870 16267 SH
SOLE 0 0 16267
AMSOUTH BANCORPORATION COMMON 032165102 377 8288 SH
SOLE 0 0 8288
ANALOG DEVICES INC COMMON 032654105 309 10370 SH
SOLE 0 0 10370
APPLIED SIGNAL TECHNOLOG COMMON 038237103 176 28160 SH
SOLE 0 0 28160
ASSOCIATES FIRST CAP COR CL A 046008108 207 4604 SH
SOLE 0 0 4604
ATLANTIC RICHFIELD CO COMMON 048825103 3416 46708 SH
SOLE 0 0 46708
AUTOMATIC DATA PROCESSIN COMMON 053015103 1382 33398 SH
SOLE 0 0 33398
AVER STAR COMMON 053990107 0 14635 SH
SOLE 0 0 14635
BP AMOCO PLC SPON.ADR . 055622104 4796 47486 SH
SOLE 0 0 47486
BSB BANCORP COMMON 055652101 15179 623116 SH
SOLE 0 0 623116
BANK NEW YORK INC COMMON 064057102 3441 95756 SH
SOLE 0 0 95756
BANK ONE CORP COMMON 06423A103 570 10348 SH
SOLE 0 0 10348
BANKNORTH GROUP INC DEL COMMON 06646L100 4356 154208 SH
SOLE 0 0 154208
BAXTER INTERNATIONAL COMMON 071813109 1551 23498 SH
SOLE 0 0 23498
BELDEN INC COMMON 077459105 3813 223500 SH
SOLE 0 0 223500
BELL ATLANTIC CORP COMMON 077853109 624 12071 SH
SOLE 0 0 12071
BELLSOUTH CORP COMMON 079860102 855 21340 SH
SOLE 0 0 21340
BERKSHIRE HATHAWAY INC CL A 084670108 1428 20 SH
SOLE 0 0 20
BERKSHIRE HATHAWAY CL B COMMON 084670207 81767 34780 SH
SOLE 0 0 34780
BESTFOODS COMMON 08658U101 2462 52386 SH
SOLE 0 0 52386
BIG FLOWER HLDGS INC COMMON 089159107 374 12000 SH
SOLE 0 0 12000
BOEING CO COMMON 097023105 217 6369 SH
SOLE 0 0 6369
BRADY CORP CL A 104674106 6805 325000 SH
SOLE 0 0 325000
BRISTOL MYERS SQUIBB CO COMMON 110122108 6835 106596 SH
SOLE 0 0 106596
BROWN FORMAN CORP CL A 115637100 284 5250 SH
SOLE 0 0 5250
BURLINGTON NOR.SANTA FE COMMON 12189T104 10474 318589 SH
SOLE 0 0 318589
BURLINGTON RES INC COMMON 122014103 29780 745658 SH
SOLE 0 0 745658
CCB FINL CORP COMMON 124875105 844 15618 SH
SOLE 0 0 15618
CMGI INC COMMON 125750109 366 2000 SH
SOLE 0 0 2000
CNF TRANSN INC COMMON 12612W104 310 8200 SH
SOLE 0 0 8200
CSF HLDGS INC ESCROW COMMON 126335991 0 47000 SH
SOLE 0 0 47000
CSX CORP COMMON 126408103 342 8782 SH
SOLE 0 0 8782
CVS CORP COMMON 126650100 429 9028 SH
SOLE 0 0 9028
CALIFORNIA MINERALS LP COMMON 130991102 209 209196 SH
SOLE 0 0 209196
CATERPILLAR INC DEL COMMON 149123101 312 6800 SH
SOLE 0 0 6800
CHARTER ONE FINL INC COMMON 160903100 868 30087 SH
SOLE 0 0 30087
CHASE MANHATTAN CORP NEW COMMON 16161A108 205 2516 SH
SOLE 0 0 2516
CHEMFAB CORP COMMON 16361L102 959 58150 SH
SOLE 0 0 58150
CHESAPEAKE ENERGY CORP COMMON 165167107 40 29250 SH
SOLE 0 0 29250
CHEVRON CORPORATION COMMON 166751107 3365 37911 SH
SOLE 0 0 37911
CHUBB CORP COMMON 171232101 2825 48240 SH
SOLE 0 0 48240
CISCO SYS INC COMMON 17275R102 577 5263 SH
SOLE 0 0 5263
CINTAS CORP COMMON 172908105 1046 16000 SH
SOLE 0 0 16000
CITIGROUP INC COMMON 172967101 6022 94281 SH
SOLE 0 0 94281
COCA COLA CO COMMON 191216100 13019 212122 SH
SOLE 0 0 212122
COLGATE-PALMOLIVE CO COMMON 194162103 680 7396 SH
SOLE 0 0 7396
COMCAST CORP CL A CL A 200300101 394 6400 SH
SOLE 0 0 6400
COMCAST CP CL A SPL COMMON 200300200 423 6725 SH
SOLE 0 0 6725
COMERICA INC COMMON 200340107 469 7519 SH
SOLE 0 0 7519
COMMERCE BANCSHARES INC COMMON 200525103 815 21169 SH
SOLE 0 0 21169
COMMERCIAL BK NY COMMON 201462108 272 20900 SH
SOLE 0 0 20900
CONCORDIA PAPER HLDGS LT SPONSORED ADR 206575102 8 20300 SH
SOLE 0 0 20300
CONSOLIDATED EDISON INC COMMON 209115104 477 10529 SH
SOLE 0 0 10529
CORDANT TECHNOLOGIES COMMON 218412104 7912 198730 SH
SOLE 0 0 198730
CORNING INC COMMON 219350105 9849 164150 SH
SOLE 0 0 164150
COSTCO COMPANIES INC COMMON 22160Q102 229 2500 SH
SOLE 0 0 2500
COVANCE INC COMMON 222816100 1316 52525 SH
SOLE 0 0 52525
CRANE CO COMMON 224399105 11444 473156 SH
SOLE 0 0 473156
DII GROUP INC COMMON 232949107 13678 467620 SH
SOLE 0 0 467620
DANAHER CORP DEL COMMON 235851102 548 10493 SH
SOLE 0 0 10493
DAYTON HUDSON CORP COMMON 239753106 380 5700 SH
SOLE 0 0 5700
DIME BANCORP INC NEW COMMON 25429Q102 22328 962933 SH
SOLE 0 0 962933
DISNEY WALT COMPANY COMMON 254687106 4533 145636 SH
SOLE 0 0 145636
DOVER CORP COMMON 260003108 22237 676410 SH
SOLE 0 0 676410
DOW CHEMICAL COMPANY COMMON 260543103 1061 11381 SH
SOLE 0 0 11381
DU PONT E I DE NEMOURS & COMMON 263534109 2874 49504 SH
SOLE 0 0 49504
DUN & BRADSTREET CORP COMMON 26483B106 239 6710 SH
SOLE 0 0 6710
DYNATECH CORP NEW COMMON 268140100 59 17250 SH
SOLE 0 0 17250
E M C CORP MASS COMMON 268648102 307 2400 SH
SOLE 0 0 2400
EASTMAN KODAK CO COMMON 277461109 1548 24237 SH
SOLE 0 0 24237
EL PASO ENERGY CORP DEL COMMON 283905107 269 8234 SH
SOLE 0 0 8234
EMERSON ELEC CO COMMON 291011104 783 14800 SH
SOLE 0 0 14800
ENRON CORP COMMON 293561106 294 4579 SH
SOLE 0 0 4579
ERICSSON TEL CLB ADR SEK10 294821400 548 23000 SH
SOLE 0 0 23000
EXXON CORP COMMON 302290101 22928 324925 SH
SOLE 0 0 324925
FNB FINANCIAL SERVICES C COMMON 302526108 1003 62700 SH
SOLE 0 0 62700
FDX CORP COMMON 31304N107 7924 85200 SH
SOLE 0 0 85200
FEDERAL HOME LN MTG CORP COMMON 313400301 673 11740 SH
SOLE 0 0 11740
FEDERAL NATL MTG ASSN COMMON 313586109 4323 62433 SH
SOLE 0 0 62433
FIRST SEC CORP DEL COMMON 336294103 9353 484290 SH
SOLE 0 0 484290
FIRST UN CORP COMMON 337358105 397 7426 SH
SOLE 0 0 7426
FIRSTAR CORP NEW WIS COMMON 33763V109 367 4104 SH
SOLE 0 0 4104
FLEET FINL GROUP INC NEW COMMON 338915101 229 6092 SH
SOLE 0 0 6092
FORD MTR CO DEL COMMON 345370100 516 9107 SH
SOLE 0 0 9107
GTE CORP COMMON 362320103 829 13704 SH
SOLE 0 0 13704
GALLAGHER ARTHUR J & CO COMMON 363576109 414 9000 SH
SOLE 0 0 9000
GANNETT INC COMMON 364730101 655 10396 SH
SOLE 0 0 10396
GENERAL ELEC CO COMMON 369604103 103471 935327 SH
SOLE 0 0 935327
GENERAL MTRS CORP COMMON 370442105 405 4653 SH
SOLE 0 0 4653
GILLETTE CO COMMON 375766102 2972 49996 SH
SOLE 0 0 49996
GLAXO WELLCOME PLC DEPOSITORY RECEI 37733W105 1359 20301 SH
SOLE 0 0 20301
GREENPOINT FINL CORP COMMON 395384100 991 28530 SH
SOLE 0 0 28530
HCC INS HLDGS INC COMMON 404132102 48974 2544105 SH
SOLE 0 0 2544105
HANNAFORD BROS CO COMMON 410550107 15996 352052 SH
SOLE 0 0 352052
HEINZ H J CO COMMON 423074103 1334 28160 SH
SOLE 0 0 28160
HERSHEY FOODS CORP COMMON 427866108 720 12850 SH
SOLE 0 0 12850
HEWLETT PACKARD CO COMMON 428236103 7780 114731 SH
SOLE 0 0 114731
HIBERNIA CORP CL A 428656102 1121 85000 SH
SOLE 0 0 85000
HOME DEPOT INC COMMON 437076102 659 10579 SH
SOLE 0 0 10579
HUBBELL INC A CL A 443510102 9740 263235 SH
SOLE 0 0 263235
HUBBELL INC B CL B 443510201 29342 733538 SH
SOLE 0 0 733538
HUNTINGTON BANCSHARES IN COMMON 446150104 789 25517 SH
SOLE 0 0 25517
IMC GLOBAL INC COMMON 449669100 2597 127058 SH
SOLE 0 0 127058
IMS HEALTH INC COMMON 449934108 372 11220 SH
SOLE 0 0 11220
IDEX CORP COMMON 45167R104 16692 708413 SH
SOLE 0 0 708413
ILLINOIS TOOL WKS INC COMMON 452308109 3105 50188 SH
SOLE 0 0 50188
INCO LTD COMMON 453258402 266 20000 SH
SOLE 0 0 20000
INFINITY BROADCASTING CP CL A 45662S102 2075 80600 SH
SOLE 0 0 80600
INPUT/OUTPUT INC COMMON 457652105 5529 875900 SH
SOLE 0 0 875900
INTEGRATED MEASUREMENT S COMMON 457923100 290 40000 SH
SOLE 0 0 40000
INTEL CORP COMMON 458140100 3979 33474 SH
SOLE 0 0 33474
INTL. BUSINESS MACHINES COMMON 459200101 20942 118150 SH
SOLE 0 0 118150
INTERPUBLIC GROUP COS IN COMMON 460690100 3661 47012 SH
SOLE 0 0 47012
JEFFERSON PILOT CORP COMMON 475070108 572 8437 SH
SOLE 0 0 8437
JOHNSON & JOHNSON COMMON 478160104 99257 1061574 SH
SOLE 0 0 1061574
KANSAS CITY SOUTHN INDS COMMON 485170104 1026 18000 SH
SOLE 0 0 18000
KIMBERLY CLARK CORP COMMON 494368103 213 4446 SH
SOLE 0 0 4446
KROGER CO COMMON 501044101 57068 953126 SH
SOLE 0 0 953126
LEUCADIA NATL CORP COMMON 527288104 79162 2616935 SH
SOLE 0 0 2616935
LEXMARK INTL GR.CL.A COMMON 529771107 2439 21800 SH
SOLE 0 0 21800
LILLY ELI & CO COMMON 532457108 2134 25144 SH
SOLE 0 0 25144
LINCOLN NATL CORP IND COMMON 534187109 256 2588 SH
SOLE 0 0 2588
LINEAR TECHNOLOGY CORP COMMON 535678106 2563 50000 SH
SOLE 0 0 50000
LUCENT TECHNOLOGIES INC COMMON 549463107 648 6000 SH
SOLE 0 0 6000
LYDALL INC DEL COMMON 550819106 507 61000 SH
SOLE 0 0 61000
M & T BK CORP COMMON 55261F104 31881 66558 SH
SOLE 0 0 66558
MBNA CORP COMMON 55262L100 349 14625 SH
SOLE 0 0 14625
MARSH & MCLENNAN COS INC COMMON 571748102 3194 43020 SH
SOLE 0 0 43020
MASSBANK CORP READ MASS COMMON 576152102 4984 131581 SH
SOLE 0 0 131581
MATLACK SYS INC COMMON 576901102 76 13500 SH
SOLE 0 0 13500
MCDONALDS CORP COMMON 580135101 1691 37308 SH
SOLE 0 0 37308
MCGRAW HILL COS INC COMMON 580645109 578 10600 SH
SOLE 0 0 10600
MERCANTILE BANCORPORATIO COMMON 587342106 840 17690 SH
SOLE 0 0 17690
MERCK & CO INC COMMON 589331107 117109 1461574 SH
SOLE 0 0 1461574
MERCURY GENL CORP NEW COMMON 589400100 677 19400 SH
SOLE 0 0 19400
MEREDITH CORP COMMON 589433101 3591 114220 SH
SOLE 0 0 114220
MESA RTY TR UNIT BEN INT 590660106 13360 308020 SH
SOLE 0 0 308020
METTLER TOLEDO INTERNATI COMMON 592688105 213 8611 SH
SOLE 0 0 8611
MEYER FRED INC COMMON 592907109 9539 162014 SH
SOLE 0 0 162014
MINNESOTA MNG & MFG CO COMMON 604059105 408 5767 SH
SOLE 0 0 5767
MOBIL CORP COMMON 607059102 16401 186377 SH
SOLE 0 0 186377
MOLEX INC COMMON 608554101 9841 335028 SH
SOLE 0 0 335028
MOLEX INC CL A N/V CL A 608554200 62324 2408670 SH
SOLE 0 0 2408670
GREENFIELDS ENERGY CORP COMMON 6085807 1 13400 SH
SOLE 0 0 13400
MONSANTO CO COMMON 611662107 365 7950 SH
SOLE 0 0 7950
MORGAN J P & CO INC COMMON 616880100 1198 9707 SH
SOLE 0 0 9707
MORGAN STAN DEAN WITTR COM NEW 617446448 341 3410 SH
SOLE 0 0 3410
MOTOROLA INC COMMON 620076109 364 4966 SH
SOLE 0 0 4966
NAVIGATORS GROUP INC COMMON 638904102 4162 297300 SH
SOLE 0 0 297300
NEW YORK TIMES CO CL A 650111107 224 7860 SH
SOLE 0 0 7860
NOBLE DRILLING CORP COMMON 655042109 1979 113900 SH
SOLE 0 0 113900
NORFOLK SOUTHERN CORP COMMON 655844108 339 12867 SH
SOLE 0 0 12867
NORTHERN TR CORP COMMON 665859104 302 3395 SH
SOLE 0 0 3395
OSI SYSTEMS INC COMMON 671044105 92 17700 SH
SOLE 0 0 17700
OCEAN ENERGY INC TEX COMMON 67481E106 461 67600 SH
SOLE 0 0 67600
PARKVALE FINL CORP COMMON 701492100 9906 468945 SH
SOLE 0 0 468945
PEPSICO INC COMMON 713448108 2128 54312 SH
SOLE 0 0 54312
PFIZER INC COMMON 717081103 20507 147795 SH
SOLE 0 0 147795
PHILIP MORRIS COS COMMON 718154107 12479 354632 SH
SOLE 0 0 354632
PITNEY-BOWES INC COMMON 724479100 1622 25442 SH
SOLE 0 0 25442
PLACER DOME INC COMMON 725906101 149 13275 SH
SOLE 0 0 13275
POLICY MGMT SYS CORP COMMON 731108106 41428 1352762 SH
SOLE 0 0 1352762
POTOMAC ELEC PWR CO COMMON 737679100 202 8714 SH
SOLE 0 0 8714
PRAXAIR INC COMMON 74005P104 721 20000 SH
SOLE 0 0 20000
PROCTER & GAMBLE CO COMMON 742718109 6558 66960 SH
SOLE 0 0 66960
PROGRESSIVE CORP OHIO COMMON 743315103 931 6486 SH
SOLE 0 0 6486
RECKSON SVC INDS INC COMMON 75621J109 279 62040 SH
SOLE 0 0 62040
RECKSON ASSOCS RLTY CORP COMMON 75621K106 3313 161100 SH
SOLE 0 0 161100
RECKSON ASSOCS RLTY CORP PFD CV SER A% 75621K205 1386 68000 SH
SOLE 0 0 68000
REGIONS FINL CORP COMMON 758940100 919 26540 SH
SOLE 0 0 26540
REPUBLIC N Y CORP COMMON 760719104 704 15264 SH
SOLE 0 0 15264
RISK CAP HLDGS INC COMMON 767711104 15310 1012250 SH
SOLE 0 0 1012250
ROBBINS & MYERS INC COMMON 770196103 2413 138900 SH
SOLE 0 0 138900
ROBBINS & MYERS INC CV 6.500 9/0 770196AA1 1244 1430000 PRN
SOLE 0 0 1430000
ROBCO COMMON 770995108 21 20625 SH
SOLE 0 0 20625
ROPER INDS INC NEW COMMON 776696106 57986 2428739 SH
SOLE 0 0 2428739
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 8974 172581 SH
SOLE 0 0 172581
SBC COMMUNICATIONS INC COMMON 78387G103 1238 26231 SH
SOLE 0 0 26231
ST PAUL BANCORP INC COMMON 792848103 1722 79500 SH
SOLE 0 0 79500
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 101 15000 SH
SOLE 0 0 15000
SANTA FE ENERGY RES INC COMMON 802012104 167 22592 SH
SOLE 0 0 22592
SARA LEE CORP COMMON 803111103 912 36840 SH
SOLE 0 0 36840
SCHERING PLOUGH CORP COMMON 806605101 2502 45280 SH
SOLE 0 0 45280
SCHLUMBERGER LTD COMMON 806857108 3905 64884 SH
SOLE 0 0 64884
SCHOLASTIC CORP COMMON 807066105 6827 139680 SH
SOLE 0 0 139680
SEACOAST BKG CORP FLA CL A 811707108 4498 168168 SH
SOLE 0 0 168168
SEALED AIR CORP NEW COMMON 81211K100 19804 402618 SH
SOLE 0 0 402618
SEARS ROEBUCK & CO COMMON 812387108 275 6083 SH
SOLE 0 0 6083
SHARED MED SYS CORP COMMON 819486101 13627 244700 SH
SOLE 0 0 244700
SHELDAHL CO COMMON 822440103 153 25300 SH
SOLE 0 0 25300
SHELDAHL SER D CV PFD 5% CV 822990909 1308 1308 SH
SOLE 0 0 1308
SHELCO COMMON 822997102 30 30454 SH
SOLE 0 0 30454
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 30047 420234 SH
SOLE 0 0 420234
SMITHWAY MOTOR EXPRESS CLASS A 832653109 97 12500 SH
SOLE 0 0 12500
SONOCO PRODS CO COMMON 835495102 3999 173852 SH
SOLE 0 0 173852
SUN MICROSYSTEMS INC COMMON 866810104 550 4400 SH
SOLE 0 0 4400
SUN HYDRAULICS CORP COMMON 866942105 3144 441200 SH
SOLE 0 0 441200
SUNTRUST BKS INC COMMON 867914103 440 7073 SH
SOLE 0 0 7073
SWWT INC COMMON 870534997 1 12500 SH
SOLE 0 0 12500
TCA CABLE TV INC COMMON 872241104 400 9200 SH
SOLE 0 0 9200
TVX GOLD INC COMMON 87308K101 13 10000 SH
SOLE 0 0 10000
TEL.DE MEXICO ADR NOM. COMMON 879403400 33 10000 SH
SOLE 0 0 10000
TEXACO INC COMMON 881694103 1208 21294 SH
SOLE 0 0 21294
TEXAS INSTRS INC COMMON 882508104 328 3300 SH
SOLE 0 0 3300
THERMO ELECTRON CORP COMMON 883556102 178 13112 SH
SOLE 0 0 13112
THOMAS & BETTS CORP COMMON 884315102 424 11281 SH
SOLE 0 0 11281
TIGER PARTNERS COMMON 886993104 25 25000 SH
SOLE 0 0 25000
TIME WARNER INC COMMON 887315109 16370 231178 SH
SOLE 0 0 231178
TORCHMARK CORP COMMON 891027104 752 23786 SH
SOLE 0 0 23786
TYCO INTL LTD NEW COMMON 902124106 15571 217014 SH
SOLE 0 0 217014
TYSON FOODS INC CL A CL A 902494103 287 13850 SH
SOLE 0 0 13850
UCAR INTL INC COMMON 90262K109 3236 229110 SH
SOLE 0 0 229110
UNILEVER N V DEPOSITORY RECEI 904784501 473 7112 SH
SOLE 0 0 7112
UNION PAC CORP COMMON 907818108 56177 1051263 SH
SOLE 0 0 1051263
UNION PAC RES GROUP INC COMMON 907834105 1423 119813 SH
SOLE 0 0 119813
UNISOURCE WORLDWIDE COMMON 909208100 828 116150 SH
SOLE 0 0 116150
UNITED DOMINION REALTY T COMMON 910197102 167 16300 SH
SOLE 0 0 16300
UNITED HEALTHCARE CORP COMMON 910581107 500 9500 SH
SOLE 0 0 9500
U S TR CORP NEW COMMON 91288L105 315 4250 SH
SOLE 0 0 4250
UNITED TECHNOLOGIES CORP COMMON 913017109 1056 7800 SH
SOLE 0 0 7800
UNOCAL CORP COMMON 915289102 1009 27352 SH
SOLE 0 0 27352
UNOVA INC COMMON 91529B106 2590 196400 SH
SOLE 0 0 196400
VASTAR RESOURCES LTD COMMON 922380100 411 8600 SH
SOLE 0 0 8600
VERTEX PHARMACEUTICALS I COMMON 92532F100 12129 480340 SH
SOLE 0 0 480340
VIACOM INC CL B COMMON 925524308 1465 17450 SH
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WACHOVIA CORP COMMON 929771103 314 3872 SH
SOLE 0 0 3872
WAL MART STORES INC COMMON 931142103 630 6832 SH
SOLE 0 0 6832
WALGREEN CO COMMON 931422109 2763 97800 SH
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WARNER LAMBERT CO COMMON 934488107 272 4100 SH
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WATERS CORP COMMON 941848103 2101 20000 SH
SOLE 0 0 20000
WELLS FARGO & CO NEW COMMON 949746101 1233 35155 SH
SOLE 0 0 35155
WILEY JOHN & SONS CLA COMMON 968223206 6292 149800 SH
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WILLIAMS COS INC DEL COMMON 969457100 10991 278250 SH
SOLE 0 0 278250
WINSTAR COMMUNICATIONS COMMON 975515107 8688 239050 SH
SOLE 0 0 239050
LASALLE RE HLDGS LTD ORD G5383Q101 1367 92650 SH
SOLE 0 0 92650
SAFRA REPUBLIC HLDGS S A COMMON L80614107 85550 2112340 SH
SOLE 0 0 2112340
SBS BROADCASTING SA ORD L8137F102 241 7500 SH
SOLE 0 0 7500
</TABLE>
