BECK, MACK & OLIVER LLC
330 MADISON AVENUE
NEW YORK, N.Y. 10017-5001
FORM 13F
Report for the quarter ended: September 30, 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 4th day of October, 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: 246
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,141,462,141
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> <S> <S>
<S> <S> <S> <S> <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 234 5596 SH
SOLE 0 0 5596
AT&T CORP COMMON 001957109 7627 175344 SH
SOLE 0 0 175344
AT&T CP. LIB.MEDIA GR A COM 001957208 41443 1110707 SH
SOLE 0 0 1110707
AT&T CP. LIB.MEDIA GR B COMMON 001957307 1535 38624 SH
SOLE 0 0 38624
ABBOTT LABS COMMON 002824100 70891 1932282 SH
SOLE 0 0 1932282
AETNA INC COMMON 008117103 7030 142741 SH
SOLE 0 0 142741
AGRIBRANDS INTL INC COMMON 00849R105 620 12500 SH
SOLE 0 0 12500
ALKERMES INC COMMON 01642T108 639 22170 SH
SOLE 0 0 22170
ALLEGHANY CORP DEL COMMON 017175100 3098 17500 SH
SOLE 0 0 17500
ALLERGAN INC COMMON 018490102 481 4373 SH
SOLE 0 0 4373
ALLIED HLDGS INC COMMON 019223106 7512 1239139 SH
SOLE 0 0 1239139
ALLIED SIGNAL INC COMMON 019512102 2088 34843 SH
SOLE 0 0 34843
ALLSTATE CORP COMMON 020002101 291 11662 SH
SOLE 0 0 11662
ALLTEL CORP COMMON 020039103 754 10719 SH
SOLE 0 0 10719
AMERADA HESS CORP COMMON 023551104 25435 415265 SH
SOLE 0 0 415265
AMERICAN EXPRESS CO COMMON 025816109 57683 427281 SH
SOLE 0 0 427281
AMERICAN HOME PRODS CORP COMMON 026609107 1121 27008 SH
SOLE 0 0 27008
AMERICAN INTL GROUP INC COMMON 026874107 194068 2232274 SH
SOLE 0 0 2232274
AMERICAN NATL INS CO COMMON 028591105 201 3000 SH
SOLE 0 0 3000
AMERITECH CORP NEW COMMON 030954101 603 9032 SH
SOLE 0 0 9032
AMSOUTH BANCORPORATION COMMON 032165102 291 12432 SH
SOLE 0 0 12432
ANALOG DEVICES INC COMMON 032654105 531 10370 SH
SOLE 0 0 10370
APPLIED SIGNAL TECHNOLOG COMMON 038237103 275 28160 SH
SOLE 0 0 28160
ATLANTIC RICHFIELD CO COMMON 048825103 4086 46108 SH
SOLE 0 0 46108
AUTOMATIC DATA PROCESSIN COMMON 053015103 1468 32898 SH
SOLE 0 0 32898
AVER STAR COMMON 053990107 0 14635 SH
SOLE 0 0 14635
BP AMOCO PLC SPON.ADR . 055622104 5018 45286 SH
SOLE 0 0 45286
BSB BANCORP COMMON 055652101 14099 587454 SH
SOLE 0 0 587454
BMC SOFTWARE INC COMMON 055921100 265 3700 SH
SOLE 0 0 3700
BANK NEW YORK INC COMMON 064057102 3195 95556 SH
SOLE 0 0 95556
BANK ONE CORP COMMON 06423A103 360 10348 SH
SOLE 0 0 10348
BANKNORTH GROUP INC DEL COMMON 06646L100 3648 122108 SH
SOLE 0 0 122108
BAXTER INTL INC COMMON 071813109 1409 23386 SH
SOLE 0 0 23386
BELDEN INC COMMON 077459105 4156 202750 SH
SOLE 0 0 202750
BELL ATLANTIC CORP COMMON 077853109 829 12313 SH
SOLE 0 0 12313
BELLSOUTH CORP COMMON 079860102 1021 22688 SH
SOLE 0 0 22688
BERKSHIRE HATHAWAY INC CL A 084670108 1100 20 SH
SOLE 0 0 20
BERKSHIRE HATHAWAY CL B COMMON 084670207 59962 32307 SH
SOLE 0 0 32307
BESTFOODS COMMON 08658U101 2612 53786 SH
SOLE 0 0 53786
BIG FLOWER HLDGS INC COMMON 089159107 283 10000 SH
SOLE 0 0 10000
BOEING CO COMMON 097023105 286 6711 SH
SOLE 0 0 6711
BRADY CORP CL A 104674106 11667 364600 SH
SOLE 0 0 364600
BRISTOL MYERS SQUIBB CO COMMON 110122108 7114 105396 SH
SOLE 0 0 105396
BROWN FORMAN CORP CL A 115637100 306 5250 SH
SOLE 0 0 5250
BURLINGTON NOR.SANTA FE COMMON 12189T104 8517 309701 SH
SOLE 0 0 309701
BURLINGTON RES INC COMMON 122014103 28044 763094 SH
SOLE 0 0 763094
CCB FINL CORP COMMON 124875105 639 15356 SH
SOLE 0 0 15356
CMGI INC COMMON 125750109 410 4000 SH
SOLE 0 0 4000
CNF TRANSN INC COMMON 12612W104 305 8200 SH
SOLE 0 0 8200
CSF HLDGS INC ESCROW COMMON 126335991 0 47000 SH
SOLE 0 0 47000
CSX CORP COMMON 126408103 419 9892 SH
SOLE 0 0 9892
CVS CORP COMMON 126650100 368 9028 SH
SOLE 0 0 9028
CALIFORNIA MINERALS LP COMMON 130991102 209 209196 SH
SOLE 0 0 209196
CATERPILLAR INC DEL COMMON 149123101 373 6800 SH
SOLE 0 0 6800
CHARTER ONE FINL INC COMMON 160903100 726 31382 SH
SOLE 0 0 31382
CHASE MANHATTAN CORP NEW COMMON 16161A108 253 3356 SH
SOLE 0 0 3356
CHEMFAB CORP COMMON 16361L102 894 55450 SH
SOLE 0 0 55450
CHESAPEAKE ENERGY CORP COMMON 165167107 93 23920 SH
SOLE 0 0 23920
CHEVRON CORPORATION COMMON 166751107 3392 38223 SH
SOLE 0 0 38223
CHUBB CORP COMMON 171232101 2404 48440 SH
SOLE 0 0 48440
CISCO SYS INC COMMON 17275R102 550 8026 SH
SOLE 0 0 8026
CINTAS CORP COMMON 172908105 925 16000 SH
SOLE 0 0 16000
CITIGROUP INC COMMON 172967101 5180 117719 SH
SOLE 0 0 117719
COCA COLA CO COMMON 191216100 10228 211972 SH
SOLE 0 0 211972
COLGATE PALMOLIVE CO COMMON 194162103 594 12992 SH
SOLE 0 0 12992
COMCAST CORP CL A 200300101 227 6300 SH
SOLE 0 0 6300
COMCAST CP CL A SPL COMMON 200300200 768 19250 SH
SOLE 0 0 19250
COMERICA INC COMMON 200340107 381 7519 SH
SOLE 0 0 7519
COMMERCE BANCSHARES INC COMMON 200525103 708 20002 SH
SOLE 0 0 20002
CONCORDIA PAPER HLDGS LT SPONSORED ADR 206575102 8 20300 SH
SOLE 0 0 20300
CONSOLIDATED EDISON INC COMMON 209115104 437 10529 SH
SOLE 0 0 10529
CORDANT TECHNOLOGIES COMMON 218412104 5906 194030 SH
SOLE 0 0 194030
CORNING INC COMMON 219350105 7004 102150 SH
SOLE 0 0 102150
COVANCE INC COMMON 222816100 475 49025 SH
SOLE 0 0 49025
COX COMMUNICATIONS INC N CL A 224044107 496 11869 SH
SOLE 0 0 11869
CRANE CO COMMON 224399105 12336 549781 SH
SOLE 0 0 549781
DII GROUP INC COMMON 232949107 10470 297545 SH
SOLE 0 0 297545
DALLAS SEMICONDUCTOR COR COMMON 235204104 240 4490 SH
SOLE 0 0 4490
DANAHER CORP DEL COMMON 235851102 574 10893 SH
SOLE 0 0 10893
DAYTON HUDSON CORP COMMON 239753106 342 5700 SH
SOLE 0 0 5700
DIME BANCORP INC NEW COMMON 25429Q102 16029 915971 SH
SOLE 0 0 915971
DISNEY WALT COMPANY COMMON 254687106 3171 121958 SH
SOLE 0 0 121958
DOVER CORP COMMON 260003108 26246 642110 SH
SOLE 0 0 642110
DOW CHEMICAL COMPANY COMMON 260543103 1293 11381 SH
SOLE 0 0 11381
DU PONT E I DE NEMOURS & COMMON 263534109 2991 49430 SH
SOLE 0 0 49430
DYNATECH CORP NEW COMMON 268140100 86 17150 SH
SOLE 0 0 17150
E M C CORP MASS COMMON 268648102 400 5600 SH
SOLE 0 0 5600
EASTMAN KODAK CO COMMON 277461109 1208 15970 SH
SOLE 0 0 15970
EL PASO ENERGY CORP DEL COMMON 283905107 330 8198 SH
SOLE 0 0 8198
EMERSON ELEC CO COMMON 291011104 291 4600 SH
SOLE 0 0 4600
ENRON CORP COMMON 293561106 376 9158 SH
SOLE 0 0 9158
ERICSSON TEL CLB ADR SEK10 294821400 875 28000 SH
SOLE 0 0 28000
EXXON CORP COMMON 302290101 24468 321943 SH
SOLE 0 0 321943
FNB FINANCIAL SERVICES C COMMON 302526108 786 64800 SH
SOLE 0 0 64800
FDX CORP COMMON 31304N107 29504 758950 SH
SOLE 0 0 758950
FEDERAL HOME LN MTG CORP COMMON 313400301 610 11740 SH
SOLE 0 0 11740
FEDERAL NATL MTG ASSN COMMON 313586109 2685 42833 SH
SOLE 0 0 42833
FIRST SEC CORP DEL COMMON 336294103 9580 402854 SH
SOLE 0 0 402854
FIRST UN CORP COMMON 337358105 323 9069 SH
SOLE 0 0 9069
FIRSTAR CORP NEW WIS COMMON 33763V109 1293 50450 SH
SOLE 0 0 50450
FLEET FINL GROUP INC NEW COMMON 338915101 208 5692 SH
SOLE 0 0 5692
FORD MTR CO DEL COMMON 345370100 458 9107 SH
SOLE 0 0 9107
GTE CORP COMMON 362320103 977 12704 SH
SOLE 0 0 12704
GALLAGHER ARTHUR J & CO COMMON 363576109 479 9000 SH
SOLE 0 0 9000
GANNETT INC COMMON 364730101 609 8796 SH
SOLE 0 0 8796
GENERAL ELEC CO COMMON 369604103 96450 813494 SH
SOLE 0 0 813494
GENERAL MTRS CORP COMMON 370442105 246 3903 SH
SOLE 0 0 3903
GILLETTE CO COMMON 375766102 1082 31896 SH
SOLE 0 0 31896
GLAXO WELLCOME PLC DEPOSITORY RECEI 37733W105 978 18801 SH
SOLE 0 0 18801
GREENPOINT FINL CORP COMMON 395384100 769 28960 SH
SOLE 0 0 28960
HCC INS HLDGS INC COMMON 404132102 47991 2854485 SH
SOLE 0 0 2854485
HANNAFORD BROS CO COMMON 410550107 24347 345652 SH
SOLE 0 0 345652
HEINZ H J CO COMMON 423074103 1170 27210 SH
SOLE 0 0 27210
HERSHEY FOODS CORP COMMON 427866108 626 12850 SH
SOLE 0 0 12850
HEWLETT PACKARD CO COMMON 428236103 6258 68954 SH
SOLE 0 0 68954
HIBERNIA CORP CL A 428656102 988 85000 SH
SOLE 0 0 85000
HOME DEPOT INC COMMON 437076102 696 10137 SH
SOLE 0 0 10137
HUBBELL INC A CL A 443510102 9678 287817 SH
SOLE 0 0 287817
HUBBELL INC B CL B 443510201 22774 714424 SH
SOLE 0 0 714424
HUNTINGTON BANCSHARES IN COMMON 446150104 746 28067 SH
SOLE 0 0 28067
IMC GLOBAL INC COMMON 449669100 1770 121536 SH
SOLE 0 0 121536
IMS HEALTH INC COMMON 449934108 256 11220 SH
SOLE 0 0 11220
IDEX CORP COMMON 45167R104 18659 659038 SH
SOLE 0 0 659038
ILLINOIS TOOL WKS INC COMMON 452308109 3690 49488 SH
SOLE 0 0 49488
INCO LTD COMMON 453258402 214 10000 SH
SOLE 0 0 10000
INFINITY BROADCASTING CP CL A 45662S102 4989 170200 SH
SOLE 0 0 170200
INPUT/OUTPUT INC COMMON 457652105 4851 732200 SH
SOLE 0 0 732200
INTEL CORP COMMON 458140100 4891 65816 SH
SOLE 0 0 65816
INTL. BUSINESS MACHINES COMMON 459200101 26055 215327 SH
SOLE 0 0 215327
INTERPUBLIC GROUP COS IN COMMON 460690100 1346 32729 SH
SOLE 0 0 32729
JDS UNIPHASE CORP COMMON 46612J101 250 2200 SH
SOLE 0 0 2200
JEFFERSON PILOT CORP COMMON 475070108 533 8437 SH
SOLE 0 0 8437
JOHNSON & JOHNSON COMMON 478160104 92892 1011072 SH
SOLE 0 0 1011072
KANSAS CITY SOUTHN INDS COMMON 485170104 791 17000 SH
SOLE 0 0 17000
KIMBERLY CLARK CORP COMMON 494368103 225 4266 SH
SOLE 0 0 4266
KROGER CO COMMON 501044101 50396 2284230 SH
SOLE 0 0 2284230
LEUCADIA NATL CORP COMMON 527288104 57288 2728011 SH
SOLE 0 0 2728011
LEXMARK INTL GR.CL.A COMMON 529771107 3510 43600 SH
SOLE 0 0 43600
LILLY ELI & CO COMMON 532457108 1582 24644 SH
SOLE 0 0 24644
LINEAR TECHNOLOGY CORP COMMON 535678106 2645 45000 SH
SOLE 0 0 45000
LUCENT TECHNOLOGIES INC COMMON 549463107 888 13690 SH
SOLE 0 0 13690
LYDALL INC DEL COMMON 550819106 554 53700 SH
SOLE 0 0 53700
M & T BK CORP COMMON 55261F104 29553 64386 SH
SOLE 0 0 64386
MBNA CORP COMMON 55262L100 288 12625 SH
SOLE 0 0 12625
MARSH & MCLENNAN COS INC COMMON 571748102 2803 40920 SH
SOLE 0 0 40920
MASSBANK CORP READ MASS COMMON 576152102 4140 116019 SH
SOLE 0 0 116019
MATLACK SYS INC COMMON 576901102 68 13500 SH
SOLE 0 0 13500
MCDONALDS CORP COMMON 580135101 1620 37452 SH
SOLE 0 0 37452
MERCK & CO INC COMMON 589331107 85581 1320433 SH
SOLE 0 0 1320433
MERCURY GENL CORP NEW COMMON 589400100 535 19400 SH
SOLE 0 0 19400
MEREDITH CORP COMMON 589433101 4100 112920 SH
SOLE 0 0 112920
MESA RTY TR UNIT BEN INT 590660106 14576 302084 SH
SOLE 0 0 302084
METTLER TOLEDO INTERNATI COMMON 592688105 255 8611 SH
SOLE 0 0 8611
MINNESOTA MNG & MFG CO COMMON 604059105 679 7067 SH
SOLE 0 0 7067
MOBIL CORP COMMON 607059102 17838 177053 SH
SOLE 0 0 177053
MOLEX INC COMMON 608554101 12172 334626 SH
SOLE 0 0 334626
MOLEX INC CL A N/V CL A 608554200 76609 2366305 SH
SOLE 0 0 2366305
GREENFIELDS ENERGY CORP COMMON 6085807 1 13400 SH
SOLE 0 0 13400
MONSANTO CO COMMON 611662107 284 7950 SH
SOLE 0 0 7950
MORGAN J P & CO INC COMMON 616880100 1115 9757 SH
SOLE 0 0 9757
MORGAN STANLEY DEAN WITT COM NEW 617446448 286 3210 SH
SOLE 0 0 3210
MOTOROLA INC COMMON 620076109 411 4666 SH
SOLE 0 0 4666
NAVIGATORS GROUP INC COMMON 638904102 5551 415000 SH
SOLE 0 0 415000
NEW YORK TIMES CO CL A 650111107 280 7460 SH
SOLE 0 0 7460
NOBLE DRILLING CORP COMMON 655042109 2487 113700 SH
SOLE 0 0 113700
NORFOLK SOUTHERN CORP COMMON 655844108 315 12867 SH
SOLE 0 0 12867
NORTHERN TR CORP COMMON 665859104 283 3395 SH
SOLE 0 0 3395
OCEAN ENERGY INC TEX COMMON 67481E106 689 67600 SH
SOLE 0 0 67600
INFLAZYME PHARMACEUTIC. COMMON 684991102 9 10000 SH
SOLE 0 0 10000
PARKVALE FINL CORP COMMON 701492100 8870 466845 SH
SOLE 0 0 466845
PEPSICO INC COMMON 713448108 1477 48412 SH
SOLE 0 0 48412
PFIZER INC COMMON 717081103 16031 446855 SH
SOLE 0 0 446855
PHILIP MORRIS COS COMMON 718154107 10564 309002 SH
SOLE 0 0 309002
PITNEY BOWES INC COMMON 724479100 1544 25342 SH
SOLE 0 0 25342
PLACER DOME INC COMMON 725906101 197 13275 SH
SOLE 0 0 13275
POLICY MGMT SYS CORP COMMON 731108106 51905 1641262 SH
SOLE 0 0 1641262
PRAXAIR INC COMMON 74005P104 920 20000 SH
SOLE 0 0 20000
PROCTER & GAMBLE CO COMMON 742718109 5976 63747 SH
SOLE 0 0 63747
PROGRESSIVE CORP OHIO COMMON 743315103 767 9386 SH
SOLE 0 0 9386
RECKSON SVC INDS INC COMMON 75621J109 981 62040 SH
SOLE 0 0 62040
RECKSON ASSOCS RLTY CORP COMMON 75621K106 3123 150050 SH
SOLE 0 0 150050
RECKSON ASSOCS RLTY CORP PFD CV SER A% 75621K205 1451 71900 SH
SOLE 0 0 71900
REGIONS FINL CORP COMMON 758940100 886 29540 SH
SOLE 0 0 29540
REPUBLIC N Y CORP COMMON 760719104 993 16164 SH
SOLE 0 0 16164
RISK CAP HLDGS INC COMMON 767711104 15416 986650 SH
SOLE 0 0 986650
ROBBINS & MYERS INC COMMON 770196103 1975 127400 SH
SOLE 0 0 127400
ROBBINS & MYERS INC CV 6.500 9/0 770196AA1 1151 1385000 PRN
SOLE 0 0 1385000
ROBCO COMMON 770995108 21 20625 SH
SOLE 0 0 20625
ROPER INDS INC NEW COMMON 776696106 89493 2339689 SH
SOLE 0 0 2339689
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 5834 98781 SH
SOLE 0 0 98781
SBC COMMUNICATIONS INC COMMON 78387G103 1157 22655 SH
SOLE 0 0 22655
ST PAUL BANCORP INC COMMON 792848103 1610 70400 SH
SOLE 0 0 70400
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 133 15000 SH
SOLE 0 0 15000
SANTA FE SNYDER CORP COMMON 80218K105 203 22592 SH
SOLE 0 0 22592
SARA LEE CORP COMMON 803111103 861 36840 SH
SOLE 0 0 36840
SCHERING PLOUGH CORP COMMON 806605101 1830 41950 SH
SOLE 0 0 41950
SCHLUMBERGER LTD COMMON 806857108 2548 40884 SH
SOLE 0 0 40884
SCHOLASTIC CORP COMMON 807066105 9822 196430 SH
SOLE 0 0 196430
SEACOAST BKG CORP FLA CL A 811707108 4743 161118 SH
SOLE 0 0 161118
SEALED AIR CORP NEW COMMON 81211K100 18620 362868 SH
SOLE 0 0 362868
SHARED MED SYS CORP COMMON 819486101 25885 553690 SH
SOLE 0 0 553690
SHELDAHL,INC.(RESTR.) COMMON 822440103 220 37459 SH
SOLE 0 0 37459
SHELDAHL SER D CV PFD 5% CV 822990909 1373 1373 SH
SOLE 0 0 1373
SHELCO COMMON 822997102 30 30454 SH
SOLE 0 0 30454
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 21724 376984 SH
SOLE 0 0 376984
SONOCO PRODS CO COMMON 835495102 3848 168667 SH
SOLE 0 0 168667
SUN MICROSYSTEMS INC COMMON 866810104 781 8400 SH
SOLE 0 0 8400
SUN HYDRAULICS CORP COMMON 866942105 3172 430100 SH
SOLE 0 0 430100
SUNTRUST BKS INC COMMON 867914103 465 7072 SH
SOLE 0 0 7072
SWWT INC COMMON 870534997 1 12500 SH
SOLE 0 0 12500
TVX GOLD INC COMMON 87308K101 14 10000 SH
SOLE 0 0 10000
TEL.DE MEXICO ADR NOM. COMMON 879403400 36 10000 SH
SOLE 0 0 10000
TEXACO INC COMMON 881694103 1257 19910 SH
SOLE 0 0 19910
TEXAS INSTRS INC COMMON 882508104 378 4600 SH
SOLE 0 0 4600
THOMAS & BETTS CORP COMMON 884315102 575 11281 SH
SOLE 0 0 11281
TIGER PARTNERS COMMON 886993104 25 25000 SH
SOLE 0 0 25000
TIME WARNER INC COMMON 887315109 13600 223873 SH
SOLE 0 0 223873
TORCHMARK CORP COMMON 891027104 615 23786 SH
SOLE 0 0 23786
TYCO INTL LTD NEW COMMON 902124106 21200 205328 SH
SOLE 0 0 205328
TYSON FOODS INC CL A 902494103 228 13850 SH
SOLE 0 0 13850
UCAR INTL INC COMMON 90262K109 6877 301440 SH
SOLE 0 0 301440
U S T INC COMMON 902911106 211 7000 SH
SOLE 0 0 7000
UNILEVER N V NY SHS DEPOSITORY RECEI 904784709 432 6348 SH
SOLE 0 0 6348
UNION PAC CORP COMMON 907818108 50297 1046483 SH
SOLE 0 0 1046483
UNION PAC RES GROUP INC COMMON 907834105 1604 98704 SH
SOLE 0 0 98704
UNISOURCE WORLDWIDE INC COMMON 909208100 138 11550 SH
SOLE 0 0 11550
UNITED DOMINION REALTY T COMMON 910197102 132 11800 SH
SOLE 0 0 11800
U S TR CORP NEW COMMON 91288L105 342 4250 SH
SOLE 0 0 4250
UNITED TECHNOLOGIES CORP COMMON 913017109 475 8000 SH
SOLE 0 0 8000
UNOCAL CORP COMMON 915289102 408 11014 SH
SOLE 0 0 11014
UNOVA INC COMMON 91529B106 2383 178200 SH
SOLE 0 0 178200
VASTAR RESOURCES LTD COMMON 922380100 538 8600 SH
SOLE 0 0 8600
VERTEX PHARMACEUTICALS I COMMON 92532F100 16189 521160 SH
SOLE 0 0 521160
VIACOM INC CL B COMMON 925524308 1213 28700 SH
SOLE 0 0 28700
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 2732 11491 SH
SOLE 0 0 11491
WACHOVIA CORP COMMON 929771103 236 3000 SH
SOLE 0 0 3000
WAL MART STORES INC COMMON 931142103 650 13664 SH
SOLE 0 0 13664
WALGREEN CO COMMON 931422109 2603 102600 SH
SOLE 0 0 102600
WARNER LAMBERT CO COMMON 934488107 272 4100 SH
SOLE 0 0 4100
WATERS CORP COMMON 941848103 2423 40000 SH
SOLE 0 0 40000
WELLS FARGO & CO NEW COMMON 949746101 1360 34312 SH
SOLE 0 0 34312
WILEY JOHN & SONS CLA COMMON 968223206 4700 299600 SH
SOLE 0 0 299600
WILLIAMS COS INC DEL COMMON 969457100 11612 308635 SH
SOLE 0 0 308635
WINSTAR COMMUNICATIONS I COMMON 975515107 11777 301500 SH
SOLE 0 0 301500
SAFRA REPUBLIC HLDGS S A COMMON L80614107 131972 2062062 SH
SOLE 0 0 2062062
SBS BROADCASTING SA ORD L8137F102 252 6500 SH
SOLE 0 0 6500
</TABLE>
