BECK, MACK & OLIVER LLC
330 MADISON AVENUE
NEW YORK, N.Y. 10017-5001
FORM 13F
Report for the quarter ended: June 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 August, 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: 256
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,289,253,590
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 268 5596 SH
SOLE 0 0 5596
AT&T CORP COMMON 001957109 9107 163169 SH
SOLE 0 0 163169
AT&T CP. LIB.MEDIA GR A COM 001957208 41593 1131778 SH
SOLE 0 0 1131778
AT&T CP. LIB.MEDIA GR B COMMON 001957307 1439 38624 SH
SOLE 0 0 38624
ABBOTT LABS COMMON 002824100 88023 1939901 SH
SOLE 0 0 1939901
AETNA INC COMMON 008117103 11379 127229 SH
SOLE 0 0 127229
AGRIBRANDS INTL INC COMMON 00849R105 495 12500 SH
SOLE 0 0 12500
ALIANT COMMUNICATIONS COMMON 016090102 476 10300 SH
SOLE 0 0 10300
ALKERMES INC COMMON 01642T108 513 22170 SH
SOLE 0 0 22170
ALLERGAN INC COMMON 018490102 707 6373 SH
SOLE 0 0 6373
ALLIED HLDGS INC COMMON 019223106 4500 553839 SH
SOLE 0 0 553839
ALLIED SIGNAL INC COMMON 019512102 2132 33843 SH
SOLE 0 0 33843
ALLSTATE CORP COMMON 020002101 418 11662 SH
SOLE 0 0 11662
ALLTEL CORP COMMON 020039103 302 4218 SH
SOLE 0 0 4218
AMERADA HESS CORP COMMON 023551104 24658 414415 SH
SOLE 0 0 414415
AMERICAN EXPRESS CO COMMON 025816109 56979 437881 SH
SOLE 0 0 437881
AMERICAN HOME PRODS CORP COMMON 026609107 1550 27008 SH
SOLE 0 0 27008
AMERICAN INTL GROUP INC COMMON 026874107 212293 1810599 SH
SOLE 0 0 1810599
AMERICAN NATL INS CO COMMON 028591105 214 3000 SH
SOLE 0 0 3000
AMERITECH CORP NEW COMMON 030954101 673 9152 SH
SOLE 0 0 9152
AMSOUTH BANCORPORATION COMMON 032165102 288 12432 SH
SOLE 0 0 12432
ANALOG DEVICES INC COMMON 032654105 520 10370 SH
SOLE 0 0 10370
APPLIED SIGNAL TECHNOLOG COMMON 038237103 268 28160 SH
SOLE 0 0 28160
ASSOCIATES FIRST CAP COR CL A 046008108 203 4604 SH
SOLE 0 0 4604
ATLANTIC RICHFIELD CO COMMON 048825103 3853 46108 SH
SOLE 0 0 46108
AUTOMATIC DATA PROCESSIN COMMON 053015103 1470 33398 SH
SOLE 0 0 33398
AVER STAR COMMON 053990107 0 14635 SH
SOLE 0 0 14635
BP AMOCO PLC SPON.ADR . 055622104 5152 47486 SH
SOLE 0 0 47486
BSB BANCORP COMMON 055652101 15972 591541 SH
SOLE 0 0 591541
BANK NEW YORK INC COMMON 064057102 3513 95756 SH
SOLE 0 0 95756
BANK ONE CORP COMMON 06423A103 616 10348 SH
SOLE 0 0 10348
BANKNORTH GROUP INC DEL COMMON 06646L100 5026 152308 SH
SOLE 0 0 152308
BAXTER INTERNATIONAL COMMON 071813109 1418 23386 SH
SOLE 0 0 23386
BELDEN INC COMMON 077459105 4777 199550 SH
SOLE 0 0 199550
BELL ATLANTIC CORP COMMON 077853109 699 10697 SH
SOLE 0 0 10697
BELLSOUTH CORP COMMON 079860102 1005 21788 SH
SOLE 0 0 21788
BERKSHIRE HATHAWAY INC CL A 084670108 1378 20 SH
SOLE 0 0 20
BERKSHIRE HATHAWAY CL B COMMON 084670207 72843 32519 SH
SOLE 0 0 32519
BESTFOODS COMMON 08658U101 2573 51986 SH
SOLE 0 0 51986
BIG FLOWER HLDGS INC COMMON 089159107 319 10000 SH
SOLE 0 0 10000
BOEING CO COMMON 097023105 278 6311 SH
SOLE 0 0 6311
BRADY CORP CL A 104674106 12457 383300 SH
SOLE 0 0 383300
BRISTOL MYERS SQUIBB CO COMMON 110122108 7424 105396 SH
SOLE 0 0 105396
BROWN FORMAN CORP CL A 115637100 313 5250 SH
SOLE 0 0 5250
BURLINGTON NOR.SANTA FE COMMON 12189T104 9718 313489 SH
SOLE 0 0 313489
BURLINGTON RES INC COMMON 122014103 31494 728178 SH
SOLE 0 0 728178
CCB FINL CORP COMMON 124875105 814 15396 SH
SOLE 0 0 15396
CMGI INC COMMON 125750109 456 4000 SH
SOLE 0 0 4000
CNF TRANSN INC COMMON 12612W104 316 8200 SH
SOLE 0 0 8200
CSF HLDGS INC ESCROW COMMON 126335991 0 47000 SH
SOLE 0 0 47000
CSX CORP COMMON 126408103 449 9892 SH
SOLE 0 0 9892
CVS CORP COMMON 126650100 458 9028 SH
SOLE 0 0 9028
CALIFORNIA MINERALS LP COMMON 130991102 209 209196 SH
SOLE 0 0 209196
CATERPILLAR INC DEL COMMON 149123101 408 6800 SH
SOLE 0 0 6800
CHARTER ONE FINL INC COMMON 160903100 837 30087 SH
SOLE 0 0 30087
CHASE MANHATTAN CORP NEW COMMON 16161A108 299 3456 SH
SOLE 0 0 3456
CHEMFAB CORP COMMON 16361L102 1058 58150 SH
SOLE 0 0 58150
CHESAPEAKE ENERGY CORP COMMON 165167107 78 26390 SH
SOLE 0 0 26390
CHEVRON CORPORATION COMMON 166751107 3547 37311 SH
SOLE 0 0 37311
CHUBB CORP COMMON 171232101 3353 48240 SH
SOLE 0 0 48240
CISCO SYS INC COMMON 17275R102 595 9226 SH
SOLE 0 0 9226
CINTAS CORP COMMON 172908105 1075 16000 SH
SOLE 0 0 16000
CITIGROUP INC COMMON 172967101 5620 118319 SH
SOLE 0 0 118319
COCA COLA CO COMMON 191216100 13152 212122 SH
SOLE 0 0 212122
COLGATE PALMOLIVE CO COMMON 194162103 640 6496 SH
SOLE 0 0 6496
COMCAST CORP CL A 200300101 229 6400 SH
SOLE 0 0 6400
COMCAST CP CL A SPL COMMON 200300200 763 19850 SH
SOLE 0 0 19850
COMERICA INC COMMON 200340107 447 7519 SH
SOLE 0 0 7519
COMMERCE BANCSHARES INC COMMON 200525103 805 20002 SH
SOLE 0 0 20002
COMMERCIAL BK NY COMMON 201462108 141 11500 SH
SOLE 0 0 11500
CONCORDIA PAPER HLDGS LT SPONSORED ADR 206575102 8 20300 SH
SOLE 0 0 20300
CONSOLIDATED EDISON INC COMMON 209115104 476 10529 SH
SOLE 0 0 10529
CORDANT TECHNOLOGIES INC COMMON 218412104 8876 196430 SH
SOLE 0 0 196430
CORNING INC COMMON 219350105 8895 126850 SH
SOLE 0 0 126850
COSTCO COMPANIES INC COMMON 22160Q102 200 2500 SH
SOLE 0 0 2500
COVANCE INC COMMON 222816100 1279 53425 SH
SOLE 0 0 53425
CRANE CO COMMON 224399105 14782 470206 SH
SOLE 0 0 470206
DII GROUP INC COMMON 232949107 16706 447720 SH
SOLE 0 0 447720
DALLAS SEMICONDUCTOR COR COMMON 235204104 228 4490 SH
SOLE 0 0 4490
DANAHER CORP DEL COMMON 235851102 610 10493 SH
SOLE 0 0 10493
DAYTON HUDSON CORP COMMON 239753106 371 5700 SH
SOLE 0 0 5700
DIME BANCORP INC NEW COMMON 25429Q102 19132 950671 SH
SOLE 0 0 950671
DISNEY WALT COMPANY COMMON 254687106 3782 122758 SH
SOLE 0 0 122758
DOVER CORP COMMON 260003108 22824 652110 SH
SOLE 0 0 652110
DOW CHEMICAL COMPANY COMMON 260543103 1444 11381 SH
SOLE 0 0 11381
DU PONT E I DE NEMOURS & COMMON 263534109 3377 49430 SH
SOLE 0 0 49430
DUN & BRADSTREET CORP COMMON 26483B106 238 6710 SH
SOLE 0 0 6710
DYNATECH CORP NEW COMMON 268140100 59 17150 SH
SOLE 0 0 17150
E M C CORP MASS COMMON 268648102 308 5600 SH
SOLE 0 0 5600
EASTMAN KODAK CO COMMON 277461109 1093 16137 SH
SOLE 0 0 16137
EL PASO ENERGY CORP DEL COMMON 283905107 274 7798 SH
SOLE 0 0 7798
EMERSON ELEC CO COMMON 291011104 239 3800 SH
SOLE 0 0 3800
ENRON CORP COMMON 293561106 374 4579 SH
SOLE 0 0 4579
ERICSSON TEL CLB ADR SEK10 294821400 758 23000 SH
SOLE 0 0 23000
EXXON CORP COMMON 302290101 24596 318917 SH
SOLE 0 0 318917
FNB FINANCIAL SERVICES C COMMON 302526108 1005 65900 SH
SOLE 0 0 65900
FDX CORP COMMON 31304N107 9293 171300 SH
SOLE 0 0 171300
FEDERAL HOME LN MTG CORP COMMON 313400301 681 11740 SH
SOLE 0 0 11740
FEDERAL NATL MTG ASSN COMMON 313586109 2896 42433 SH
SOLE 0 0 42433
FIRST SEC CORP DEL COMMON 336294103 11061 405891 SH
SOLE 0 0 405891
FIRST UN CORP COMMON 337358105 350 7426 SH
SOLE 0 0 7426
FIRSTAR CORP NEW WIS COMMON 33763V109 377 13461 SH
SOLE 0 0 13461
FLEET FINL GROUP INC NEW COMMON 338915101 253 5692 SH
SOLE 0 0 5692
FORD MOTOR CO DEL COMMON 345370100 514 9107 SH
SOLE 0 0 9107
GTE CORP COMMON 362320103 959 12704 SH
SOLE 0 0 12704
GALLAGHER ARTHUR J & CO COMMON 363576109 446 9000 SH
SOLE 0 0 9000
GANNETT INC COMMON 364730101 599 8396 SH
SOLE 0 0 8396
GENERAL ELEC CO COMMON 369604103 92912 822227 SH
SOLE 0 0 822227
GENERAL MTRS CORP COMMON 370442105 258 3903 SH
SOLE 0 0 3903
GILLETTE CO COMMON 375766102 1308 31896 SH
SOLE 0 0 31896
GLAXO WELLCOME PLC DEPOSITORY RECEI 37733W105 1065 18801 SH
SOLE 0 0 18801
GREENPOINT FINL CORP COMMON 395384100 935 28500 SH
SOLE 0 0 28500
HCC INS HLDGS INC COMMON 404132102 57613 2539405 SH
SOLE 0 0 2539405
HANNAFORD BROS CO COMMON 410550107 18813 351652 SH
SOLE 0 0 351652
HEINZ H J CO COMMON 423074103 1364 27210 SH
SOLE 0 0 27210
HERSHEY FOODS CORP COMMON 427866108 763 12850 SH
SOLE 0 0 12850
HEWLETT PACKARD CO COMMON 428236103 6867 68331 SH
SOLE 0 0 68331
HIBERNIA CORP CL A 428656102 1333 85000 SH
SOLE 0 0 85000
HOME DEPOT INC COMMON 437076102 681 10562 SH
SOLE 0 0 10562
HUBBELL INC A CL A 443510102 11814 296281 SH
SOLE 0 0 296281
HUBBELL INC B CL B 443510201 33058 728606 SH
SOLE 0 0 728606
HUNTINGTON BANCSHARES IN COMMON 446150104 893 25517 SH
SOLE 0 0 25517
IMC GLOBAL INC COMMON 449669100 2202 126759 SH
SOLE 0 0 126759
IMS HEALTH INC COMMON 449934108 538 17220 SH
SOLE 0 0 17220
IDEX CORP COMMON 45167R104 22013 669588 SH
SOLE 0 0 669588
ILLINOIS TOOL WKS INC COMMON 452308109 4078 49888 SH
SOLE 0 0 49888
INCO LTD COMMON 453258402 180 10000 SH
SOLE 0 0 10000
INFINITY BROADCASTING CP CL A 45662S102 1265 42800 SH
SOLE 0 0 42800
INPUT/OUTPUT INC COMMON 457652105 5761 761800 SH
SOLE 0 0 761800
INTEGRATED MEASUREMENT S COMMON 457923100 515 40000 SH
SOLE 0 0 40000
INTEL CORP COMMON 458140100 3983 66948 SH
SOLE 0 0 66948
INTL. BUSINESS MACHINES COMMON 459200101 28650 221663 SH
SOLE 0 0 221663
INTERPUBLIC GROUP COS IN COMMON 460690100 1441 16630 SH
SOLE 0 0 16630
JEFFERSON PILOT CORP COMMON 475070108 558 8437 SH
SOLE 0 0 8437
JOHNSON & JOHNSON COMMON 478160104 101154 1032184 SH
SOLE 0 0 1032184
KANSAS CITY SOUTHN INDS COMMON 485170104 1085 17000 SH
SOLE 0 0 17000
KIMBERLY CLARK CORP COMMON 494368103 245 4306 SH
SOLE 0 0 4306
KROGER CO COMMON 501044101 62183 2225800 SH
SOLE 0 0 2225800
LEUCADIA NATL CORP COMMON 527288104 69827 2751811 SH
SOLE 0 0 2751811
LEXMARK INTL GR.CL.A COMMON 529771107 2856 43600 SH
SOLE 0 0 43600
LILLY ELI & CO COMMON 532457108 1794 25044 SH
SOLE 0 0 25044
LINCOLN NATL CORP IND COMMON 534187109 271 5176 SH
SOLE 0 0 5176
LINEAR TECHNOLOGY CORP COMMON 535678106 3026 45000 SH
SOLE 0 0 45000
LUCENT TECHNOLOGIES INC COMMON 549463107 818 12136 SH
SOLE 0 0 12136
LYDALL INC DEL COMMON 550819106 633 55000 SH
SOLE 0 0 55000
M & T BK CORP COMMON 55261F104 35474 64498 SH
SOLE 0 0 64498
MBNA CORP COMMON 55262L100 387 12625 SH
SOLE 0 0 12625
MARSH & MCLENNAN COS INC COMMON 571748102 3256 43020 SH
SOLE 0 0 43020
MASSBANK CORP READ MASS COMMON 576152102 4782 127515 SH
SOLE 0 0 127515
MATLACK SYS INC COMMON 576901102 71 13500 SH
SOLE 0 0 13500
MCDONALDS CORP COMMON 580135101 1524 37047 SH
SOLE 0 0 37047
MCGRAW HILL COS INC COMMON 580645109 572 10600 SH
SOLE 0 0 10600
MEDIAONE GROUP INC COMMON 58440J104 214 2878 SH
SOLE 0 0 2878
MERCANTILE BANCORP INC COMMON 587342106 1011 17690 SH
SOLE 0 0 17690
MERCK & CO INC COMMON 589331107 98277 1334833 SH
SOLE 0 0 1334833
MERCURY GENL CORP NEW COMMON 589400100 660 19400 SH
SOLE 0 0 19400
MEREDITH CORP COMMON 589433101 3951 114120 SH
SOLE 0 0 114120
MESA RTY TR UNIT BEN INT 590660106 13844 304270 SH
SOLE 0 0 304270
METTLER TOLEDO INTERNATI COMMON 592688105 220 8611 SH
SOLE 0 0 8611
MINNESOTA MNG & MFG CO COMMON 604059105 501 5767 SH
SOLE 0 0 5767
MOBIL CORP COMMON 607059102 16630 168401 SH
SOLE 0 0 168401
MOLEX INC COMMON 608554101 12381 334626 SH
SOLE 0 0 334626
MOLEX INC CL A N/V CL A 608554200 74740 2372701 SH
SOLE 0 0 2372701
GREENFIELDS ENERGY CORP COMMON 6085807 1 13400 SH
SOLE 0 0 13400
MONSANTO CO COMMON 611662107 315 7950 SH
SOLE 0 0 7950
MORGAN J P & CO INC COMMON 616880100 1357 9657 SH
SOLE 0 0 9657
MORGAN STAN DEAN WITTR COM NEW 617446448 329 3210 SH
SOLE 0 0 3210
MOTOROLA INC COMMON 620076109 499 5266 SH
SOLE 0 0 5266
NAVIGATORS GROUP INC COMMON 638904102 6063 404200 SH
SOLE 0 0 404200
NEW YORK TIMES CO CL A 650111107 275 7460 SH
SOLE 0 0 7460
NOBLE DRILLING CORP COMMON 655042109 2242 113900 SH
SOLE 0 0 113900
NORFOLK SOUTHERN CORP COMMON 655844108 388 12867 SH
SOLE 0 0 12867
NORTHERN TR CORP COMMON 665859104 329 3395 SH
SOLE 0 0 3395
OSI SYSTEMS INC COMMON 671044105 89 17700 SH
SOLE 0 0 17700
OCEAN ENERGY INC TEX COMMON 67481E106 651 67600 SH
SOLE 0 0 67600
PAINE WEBBER GROUP INC COMMON 695629105 233 4987 SH
SOLE 0 0 4987
PARKVALE FINL CORP COMMON 701492100 10178 467945 SH
SOLE 0 0 467945
PEPSICO INC COMMON 713448108 1873 48412 SH
SOLE 0 0 48412
PFIZER INC COMMON 717081103 18500 169721 SH
SOLE 0 0 169721
PHILIP MORRIS COS COMMON 718154107 12653 314852 SH
SOLE 0 0 314852
PITNEY-BOWES INC COMMON 724479100 1628 25342 SH
SOLE 0 0 25342
PLACER DOME INC COMMON 725906101 156 13275 SH
SOLE 0 0 13275
POLICY MGMT SYS CORP COMMON 731108106 48164 1605462 SH
SOLE 0 0 1605462
POTOMAC ELEC PWR CO COMMON 737679100 227 7714 SH
SOLE 0 0 7714
PRAXAIR INC COMMON 74005P104 979 20000 SH
SOLE 0 0 20000
PROCTER & GAMBLE CO COMMON 742718109 6118 68547 SH
SOLE 0 0 68547
PROGRESSIVE CORP OHIO COMMON 743315103 1361 9386 SH
SOLE 0 0 9386
RECKSON SVC INDS INC COMMON 75621J109 938 62040 SH
SOLE 0 0 62040
RECKSON ASSOCS RLTY CORP COMMON 75621K106 3710 157450 SH
SOLE 0 0 157450
RECKSON ASSOCS RLTY CORP PFD CV SER A% 75621K205 1599 70100 SH
SOLE 0 0 70100
REGIONS FINL CORP COMMON 758940100 1020 26540 SH
SOLE 0 0 26540
REPUBLIC N Y CORP COMMON 760719104 1102 16164 SH
SOLE 0 0 16164
RISK CAP HLDGS INC COMMON 767711104 13520 1001450 SH
SOLE 0 0 1001450
ROBBINS & MYERS INC COMMON 770196103 2963 132800 SH
SOLE 0 0 132800
ROBBINS & MYERS INC CV 6.500 9/0 770196AA1 1401 1430000 PRN
SOLE 0 0 1430000
ROBCO COMMON 770995108 21 20625 SH
SOLE 0 0 20625
ROPER INDS INC NEW COMMON 776696106 76025 2375789 SH
SOLE 0 0 2375789
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 6078 100881 SH
SOLE 0 0 100881
SBC COMMUNICATIONS INC COMMON 78387G103 1297 22363 SH
SOLE 0 0 22363
ST PAUL BANCORP INC COMMON 792848103 1979 77600 SH
SOLE 0 0 77600
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 122 15000 SH
SOLE 0 0 15000
SANTA FE SNYDER CORP COMMON 80218K105 181 22592 SH
SOLE 0 0 22592
SARA LEE CORP COMMON 803111103 836 36840 SH
SOLE 0 0 36840
SCHERING PLOUGH CORP COMMON 806605101 2174 41400 SH
SOLE 0 0 41400
SCHLUMBERGER LTD COMMON 806857108 2604 40884 SH
SOLE 0 0 40884
SCHOLASTIC CORP COMMON 807066105 7061 139480 SH
SOLE 0 0 139480
SEACOAST BKG CORP FLA CL A 811707108 5027 164818 SH
SOLE 0 0 164818
SEALED AIR CORP NEW COMMON 81211K100 23308 359268 SH
SOLE 0 0 359268
SEARS ROEBUCK & CO COMMON 812387108 262 5883 SH
SOLE 0 0 5883
SHARED MED SYS CORP COMMON 819486101 25167 385700 SH
SOLE 0 0 385700
SHELDAHL CO COMMON 822440103 197 29800 SH
SOLE 0 0 29800
SHELDAHL SER D CV PFD 5% CV 822990909 1293 1293 SH
SOLE 0 0 1293
SHELCO COMMON 822997102 30 30454 SH
SOLE 0 0 30454
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 25317 383234 SH
SOLE 0 0 383234
SONOCO PRODS CO COMMON 835495102 5181 173052 SH
SOLE 0 0 173052
SUN MICROSYSTEMS INC COMMON 866810104 579 8400 SH
SOLE 0 0 8400
SUN HYDRAULICS CORP COMMON 866942105 3787 432800 SH
SOLE 0 0 432800
SUNTRUST BKS INC COMMON 867914103 491 7072 SH
SOLE 0 0 7072
SWWT INC COMMON 870534997 1 12500 SH
SOLE 0 0 12500
TCA CABLE TV INC COMMON 872241104 511 9200 SH
SOLE 0 0 9200
TVX GOLD INC COMMON 87308K101 10 10000 SH
SOLE 0 0 10000
TEL.DE MEXICO ADR NOM. COMMON 879403400 40 10000 SH
SOLE 0 0 10000
TEXACO INC COMMON 881694103 1253 20094 SH
SOLE 0 0 20094
TEXAS INSTRS INC COMMON 882508104 331 2300 SH
SOLE 0 0 2300
THOMAS & BETTS CORP COMMON 884315102 533 11281 SH
SOLE 0 0 11281
TIGER PARTNERS COMMON 886993104 25 25000 SH
SOLE 0 0 25000
TIME WARNER INC COMMON 887315109 16688 229778 SH
SOLE 0 0 229778
TORCHMARK CORP COMMON 891027104 812 23786 SH
SOLE 0 0 23786
TYCO INTL LTD COMMON 902124106 21434 226218 SH
SOLE 0 0 226218
TYSON FOODS INC CL A CL A 902494103 312 13850 SH
SOLE 0 0 13850
UCAR INTL INC COMMON 90262K109 6669 264110 SH
SOLE 0 0 264110
UST INC COMMON 902911106 205 7000 SH
SOLE 0 0 7000
UNILEVER N V NY SHS DEPOSITORY RECEI 904784709 443 6348 SH
SOLE 0 0 6348
UNION PAC CORP COMMON 907818108 60369 1035263 SH
SOLE 0 0 1035263
UNION PAC RES GROUP INC COMMON 907834105 1733 106262 SH
SOLE 0 0 106262
UNISOURCE WORLDWIDE INC COMMON 909208100 139 11550 SH
SOLE 0 0 11550
UNITED DOMINION REALTY T COMMON 910197102 162 13800 SH
SOLE 0 0 13800
U S TR CORP NEW COMMON 91288L105 393 4250 SH
SOLE 0 0 4250
UNITED TECHNOLOGIES CORP COMMON 913017109 1123 15600 SH
SOLE 0 0 15600
UNOCAL CORP COMMON 915289102 918 23160 SH
SOLE 0 0 23160
UNOVA INC COMMON 91529B106 3064 193000 SH
SOLE 0 0 193000
VASTAR RESOURCES LTD COMMON 922380100 451 8600 SH
SOLE 0 0 8600
VERTEX PHARMACEUTICALS I COMMON 92532F100 12682 525660 SH
SOLE 0 0 525660
VIACOM INC CL B COMMON 925524308 1483 33700 SH
SOLE 0 0 33700
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 2215 11245 SH
SOLE 0 0 11245
WACHOVIA CORP COMMON 929771103 266 3108 SH
SOLE 0 0 3108
WAL MART STORES INC COMMON 931142103 659 13664 SH
SOLE 0 0 13664
WALGREEN CO COMMON 931422109 2873 97800 SH
SOLE 0 0 97800
WARNER LAMBERT CO COMMON 934488107 283 4100 SH
SOLE 0 0 4100
WATERS CORP COMMON 941848103 2125 40000 SH
SOLE 0 0 40000
WELLS FARGO & CO NEW COMMON 949746101 1467 34312 SH
SOLE 0 0 34312
WILEY JOHN & SONS CLA COMMON 968223206 5280 299600 SH
SOLE 0 0 299600
WILLIAMS COS INC DEL COMMON 969457100 12026 282550 SH
SOLE 0 0 282550
WINSTAR COMMUNICATIONS COMMON 975515107 14155 290350 SH
SOLE 0 0 290350
SAFRA REPUBLIC HLDGS S A COMMON L80614107 136385 2066440 SH
SOLE 0 0 2066440
SBS BROADCASTING SA ORD L8137F102 210 6500 SH
SOLE 0 0 6500
</TABLE>
