BECK, MACK & OLIVER LLC
330 MADISON AVENUE
NEW YORK, N.Y. 10017-5001
FORM 13F
Report for the quarter ended: December 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 21st day of January, 2000.
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: 250
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,144,182,611
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
AT&T CORP COMMON 001957109 10189 200524 SH
SOLE 0 0 200524
AT&T CP. LIB.MEDIA GR A COM 001957208 59179 1041655 SH
SOLE 0 0 1041655
AT&T CP. LIB.MEDIA GR B COMMON 001957307 2655 38624 SH
SOLE 0 0 38624
ABBOTT LABS COMMON 002824100 71430 1967089 SH
SOLE 0 0 1967089
AETNA INC COMMON 008117103 7177 128592 SH
SOLE 0 0 128592
AGRIBRANDS INTL INC COMMON 00849R105 547 11900 SH
SOLE 0 0 11900
ALKERMES INC COMMON 01642T108 1104 22470 SH
SOLE 0 0 22470
ALLEGHANY CORP DEL COMMON 017175100 3116 16800 SH
SOLE 0 0 16800
ALLERGAN INC COMMON 018490102 435 8746 SH
SOLE 0 0 8746
ALLIED HLDGS INC COMMON 019223106 6811 1111939 SH
SOLE 0 0 1111939
ALLSTATE CORP COMMON 020002101 281 11662 SH
SOLE 0 0 11662
ALLTEL CORP COMMON 020039103 886 10719 SH
SOLE 0 0 10719
AMERADA HESS CORP COMMON 023551104 22867 402945 SH
SOLE 0 0 402945
AMERICAN EXPRESS CO COMMON 025816109 70130 421832 SH
SOLE 0 0 421832
AMERICAN HOME PRODS CORP COMMON 026609107 1159 29541 SH
SOLE 0 0 29541
AMERICAN INTL GROUP INC COMMON 026874107 239085 2211187 SH
SOLE 0 0 2211187
AMSOUTH BANCORPORATION COMMON 032165102 247 12778 SH
SOLE 0 0 12778
ANALOG DEVICES INC COMMON 032654105 894 9618 SH
SOLE 0 0 9618
APPLIED SIGNAL TECHNOLOG COMMON 038237103 396 28160 SH
SOLE 0 0 28160
ATLANTIC RICHFIELD CO COMMON 048825103 3997 46208 SH
SOLE 0 0 46208
AUTOMATIC DATA PROCESSIN COMMON 053015103 1772 32898 SH
SOLE 0 0 32898
AVERY DENNISON CORP COMMON 053611109 403 5533 SH
SOLE 0 0 5533
AVER STAR COMMON 053990107 0 14635 SH
SOLE 0 0 14635
BP AMOCO PLC SPON.ADR . 055622104 5485 92470 SH
SOLE 0 0 92470
BSB BANCORP COMMON 055652101 11171 580294 SH
SOLE 0 0 580294
BMC SOFTWARE INC COMMON 055921100 296 3700 SH
SOLE 0 0 3700
BANK NEW YORK INC COMMON 064057102 3822 95556 SH
SOLE 0 0 95556
BANK ONE CORP COMMON 06423A103 331 10348 SH
SOLE 0 0 10348
BANKNORTH GROUP INC DEL COMMON 06646L100 3210 120008 SH
SOLE 0 0 120008
BAXTER INTL INC COMMON 071813109 1467 23354 SH
SOLE 0 0 23354
BELDEN INC COMMON 077459105 3516 167450 SH
SOLE 0 0 167450
BELL ATLANTIC CORP COMMON 077853109 691 11223 SH
SOLE 0 0 11223
BELLSOUTH CORP COMMON 079860102 1045 22318 SH
SOLE 0 0 22318
BERKSHIRE HATHAWAY INC CL A 084670108 1010 18 SH
SOLE 0 0 18
BERKSHIRE HATHAWAY CL B COMMON 084670207 58657 32053 SH
SOLE 0 0 32053
BESTFOODS COMMON 08658U101 2578 49054 SH
SOLE 0 0 49054
BRADY CORP CL A 104674106 11944 351950 SH
SOLE 0 0 351950
BRISTOL MYERS SQUIBB CO COMMON 110122108 6874 107096 SH
SOLE 0 0 107096
BROWN FORMAN CORP CL A 115637100 283 5250 SH
SOLE 0 0 5250
BURLINGTON NOR.SANTA FE COMMON 12189T104 6387 263401 SH
SOLE 0 0 263401
BURLINGTON RES INC COMMON 122014103 26312 795820 SH
SOLE 0 0 795820
CCB FINL CORP COMMON 124875105 329 7556 SH
SOLE 0 0 7556
CMGI INC COMMON 125750109 1108 4000 SH
SOLE 0 0 4000
CSF HLDGS INC ESCROW COMMON 126335991 0 45625 SH
SOLE 0 0 45625
CSX CORP COMMON 126408103 310 9892 SH
SOLE 0 0 9892
CVS CORP COMMON 126650100 360 9028 SH
SOLE 0 0 9028
CALIFORNIA MINERALS LP COMMON 130991102 209 209196 SH
SOLE 0 0 209196
CARDXX INC COMMON 141618108 16 30000 SH
SOLE 0 0 30000
CATERPILLAR INC DEL COMMON 149123101 311 6600 SH
SOLE 0 0 6600
CHARTER ONE FINL INC COMMON 160903100 812 42456 SH
SOLE 0 0 42456
CHASE MANHATTAN CORP NEW COMMON 16161A108 253 3256 SH
SOLE 0 0 3256
CHEMFAB CORP COMMON 16361L102 888 56850 SH
SOLE 0 0 56850
CHESAPEAKE ENERGY CORP COMMON 165167107 57 23920 SH
SOLE 0 0 23920
CHEVRON CORPORATION COMMON 166751107 3439 39699 SH
SOLE 0 0 39699
CHUBB CORP COMMON 171232101 2803 49773 SH
SOLE 0 0 49773
CISCO SYS INC COMMON 17275R102 860 8026 SH
SOLE 0 0 8026
CINTAS CORP COMMON 172908105 850 16000 SH
SOLE 0 0 16000
CITIGROUP INC COMMON 172967101 6450 115819 SH
SOLE 0 0 115819
COCA COLA CO COMMON 191216100 11959 205310 SH
SOLE 0 0 205310
COLGATE PALMOLIVE CO COMMON 194162103 844 12992 SH
SOLE 0 0 12992
COMCAST CORP CL A 200300101 278 5800 SH
SOLE 0 0 5800
COMCAST CP CL A SPL COMMON 200300200 973 19250 SH
SOLE 0 0 19250
COMERICA INC COMMON 200340107 351 7519 SH
SOLE 0 0 7519
COMMERCE BANCSHARES INC COMMON 200525103 711 21000 SH
SOLE 0 0 21000
COMPUTER SCIENCES CORP COMMON 205363104 274 2900 SH
SOLE 0 0 2900
CONCORDIA PAPER HLDGS LT SPONSORED ADR 206575102 8 20300 SH
SOLE 0 0 20300
CONSOLIDATED EDISON INC COMMON 209115104 363 10529 SH
SOLE 0 0 10529
CORDANT TECHNOLOGIES INC COMMON 218412104 5453 165230 SH
SOLE 0 0 165230
CORNING INC COMMON 219350105 10702 83000 SH
SOLE 0 0 83000
COSTCO WHSL CORP NEW COMMON 22160K105 228 2500 SH
SOLE 0 0 2500
COVANCE INC COMMON 222816100 551 50925 SH
SOLE 0 0 50925
COX COMMUNICATIONS INC N CL A 224044107 519 10068 SH
SOLE 0 0 10068
CRANE CO COMMON 224399105 10590 532806 SH
SOLE 0 0 532806
DII GROUP INC COMMON 232949107 8280 116670 SH
SOLE 0 0 116670
DALLAS SEMICONDUCTOR COR COMMON 235204104 289 4490 SH
SOLE 0 0 4490
DANAHER CORP DEL COMMON 235851102 526 10893 SH
SOLE 0 0 10893
DAYTON HUDSON CORP COMMON 239753106 419 5700 SH
SOLE 0 0 5700
DIME BANCORP INC NEW COMMON 25429Q102 12820 847571 SH
SOLE 0 0 847571
DISNEY WALT CO COM DISNEY 254687106 3564 121846 SH
SOLE 0 0 121846
DOVER CORP COMMON 260003108 29298 645681 SH
SOLE 0 0 645681
DOW CHEM CO COMMON 260543103 1521 11381 SH
SOLE 0 0 11381
DU PONT E I DE NEMOURS & COMMON 263534109 3502 53158 SH
SOLE 0 0 53158
DYNATECH CORP NEW COMMON 268140100 116 17150 SH
SOLE 0 0 17150
E M C CORP MASS COMMON 268648102 612 5600 SH
SOLE 0 0 5600
EASTMAN KODAK CO COMMON 277461109 1038 15670 SH
SOLE 0 0 15670
EL PASO ENERGY CORP DEL COMMON 283905107 409 10525 SH
SOLE 0 0 10525
EMERSON ELEC CO COMMON 291011104 323 5626 SH
SOLE 0 0 5626
ENRON CORP COMMON 293561106 351 7902 SH
SOLE 0 0 7902
ERICSSON TEL CLB ADR SEK10 294821400 1603 24400 SH
SOLE 0 0 24400
EXXON MOBIL CORP COMMON 30231G102 45567 565612 SH
SOLE 0 0 565612
FNB FINANCIAL SERVICES C COMMON 302526108 572 54500 SH
SOLE 0 0 54500
FDX CORP COMMON 31304N107 33510 818560 SH
SOLE 0 0 818560
FEDERAL HOME LN MTG CORP COMMON 313400301 538 11440 SH
SOLE 0 0 11440
FEDERAL NATL MTG ASSN COMMON 313586109 2708 43367 SH
SOLE 0 0 43367
FIRST SEC CORP DEL COMMON 336294103 10084 394982 SH
SOLE 0 0 394982
FIRST UN CORP COMMON 337358105 245 7426 SH
SOLE 0 0 7426
FIRSTAR CORP NEW WIS COMMON 33763V109 1075 50906 SH
SOLE 0 0 50906
FLEETBOSTON FINL CORP COMMON 339030108 211 6047 SH
SOLE 0 0 6047
FORD MTR CO DEL COMMON 345370100 486 9107 SH
SOLE 0 0 9107
GTE CORP COMMON 362320103 875 12394 SH
SOLE 0 0 12394
GALLAGHER ARTHUR J & CO COMMON 363576109 583 9000 SH
SOLE 0 0 9000
GANNETT INC COMMON 364730101 731 8963 SH
SOLE 0 0 8963
GENERAL ELEC CO COMMON 369604103 120518 778791 SH
SOLE 0 0 778791
GENERAL MTRS CORP COMMON 370442105 269 3704 SH
SOLE 0 0 3704
GILLETTE CO COMMON 375766102 1281 31096 SH
SOLE 0 0 31096
GLAXO WELLCOME PLC DEPOSITORY RECEI 37733W105 1051 18801 SH
SOLE 0 0 18801
GREENPOINT FINL CORP COMMON 395384100 579 24300 SH
SOLE 0 0 24300
HCC INS HLDGS INC COMMON 404132102 36713 2783892 SH
SOLE 0 0 2783892
HANNAFORD BROS CO COMMON 410550107 23140 333852 SH
SOLE 0 0 333852
HEINZ H J CO COMMON 423074103 1083 27210 SH
SOLE 0 0 27210
HERSHEY FOODS CORP COMMON 427866108 610 12850 SH
SOLE 0 0 12850
HEWLETT PACKARD CO COMMON 428236103 7779 68388 SH
SOLE 0 0 68388
HIBERNIA CORP CL A 428656102 903 85000 SH
SOLE 0 0 85000
HOME DEPOT INC COMMON 437076102 1045 15206 SH
SOLE 0 0 15206
HOMEFED CORP COM NEW 43739D208 1166 1332298 SH
SOLE 0 0 1332298
HONEYWELL INTL INC COMMON 438516106 2025 35109 SH
SOLE 0 0 35109
HUBBELL INC A CL A 443510102 7844 278902 SH
SOLE 0 0 278902
HUBBELL INC B CL B 443510201 18431 676366 SH
SOLE 0 0 676366
HUNTINGTON BANCSHARES IN COMMON 446150104 644 26967 SH
SOLE 0 0 26967
HUTTIG BLDG PRODS INC COMMON 448451104 672 136109 SH
SOLE 0 0 136109
IMC GLOBAL INC COMMON 449669100 1361 83089 SH
SOLE 0 0 83089
IMS HEALTH INC COMMON 449934108 305 11220 SH
SOLE 0 0 11220
IDEX CORP COMMON 45167R104 19525 642813 SH
SOLE 0 0 642813
ILLINOIS TOOL WKS INC COMMON 452308109 3437 50867 SH
SOLE 0 0 50867
INCO LTD COMMON 453258402 235 10000 SH
SOLE 0 0 10000
INFINITY BROADCASTING CP CL A 45662S102 6159 170200 SH
SOLE 0 0 170200
INPUT/OUTPUT INC COMMON 457652105 2129 420500 SH
SOLE 0 0 420500
INSIGHT COMMUNICATIONS I CL A 45768V108 924 31200 SH
SOLE 0 0 31200
INTEL CORP COMMON 458140100 5393 65516 SH
SOLE 0 0 65516
INTERACTIVE MARKETING TE COMMON 45838B108 24 25000 SH
SOLE 0 0 25000
INTL. BUSINESS MACHINES COMMON 459200101 26327 244050 SH
SOLE 0 0 244050
INTERPUBLIC GROUP COS IN COMMON 460690100 1903 32993 SH
SOLE 0 0 32993
JDS UNIPHASE CORP COMMON 46612J101 710 4400 SH
SOLE 0 0 4400
JEFFERSON PILOT CORP COMMON 475070108 576 8437 SH
SOLE 0 0 8437
JOHNSON & JOHNSON COMMON 478160104 94478 1013164 SH
SOLE 0 0 1013164
KANSAS CITY SOUTHN INDS COMMON 485170104 1269 17000 SH
SOLE 0 0 17000
KIMBERLY CLARK CORP COMMON 494368103 279 4266 SH
SOLE 0 0 4266
KROGER CO COMMON 501044101 49773 2636968 SH
SOLE 0 0 2636968
LEUCADIA NATL CORP COMMON 527288104 61882 2675960 SH
SOLE 0 0 2675960
LEXMARK INTL GR.CL.A COMMON 529771107 3946 43600 SH
SOLE 0 0 43600
LILLY ELI & CO COMMON 532457108 1606 24144 SH
SOLE 0 0 24144
LINCOLN NATL CORP IND COMMON 534187109 207 5176 SH
SOLE 0 0 5176
LINEAR TECHNOLOGY CORP COMMON 535678106 3220 45000 SH
SOLE 0 0 45000
LUCENT TECHNOLOGIES INC COMMON 549463107 862 11494 SH
SOLE 0 0 11494
LYDALL INC DEL COMMON 550819106 347 52400 SH
SOLE 0 0 52400
M & T BK CORP COMMON 55261F104 26068 62927 SH
SOLE 0 0 62927
MBNA CORP COMMON 55262L100 344 12625 SH
SOLE 0 0 12625
MARSH & MCLENNAN COS INC COMMON 571748102 4312 45062 SH
SOLE 0 0 45062
MASSBANK CORP READ MASS COMMON 576152102 3387 114819 SH
SOLE 0 0 114819
MATLACK SYS INC COMMON 576901102 43 13500 SH
SOLE 0 0 13500
MCDONALDS CORP COMMON 580135101 1514 37563 SH
SOLE 0 0 37563
MCGRAW HILL COS INC COMMON 580645109 210 3400 SH
SOLE 0 0 3400
MEDIAONE GROUP INC COMMON 58440J104 221 2878 SH
SOLE 0 0 2878
MERCK & CO INC COMMON 589331107 89194 1327543 SH
SOLE 0 0 1327543
MEREDITH CORP COMMON 589433101 4641 111320 SH
SOLE 0 0 111320
MESA RTY TR UNIT BEN INT 590660106 14339 301884 SH
SOLE 0 0 301884
METTLER TOLEDO INTERNATI COMMON 592688105 329 8611 SH
SOLE 0 0 8611
MINNESOTA MNG & MFG CO COMMON 604059105 475 4852 SH
SOLE 0 0 4852
MOLEX INC COMMON 608554101 19275 340026 SH
SOLE 0 0 340026
MOLEX INC CL A N/V CL A 608554200 103474 2286725 SH
SOLE 0 0 2286725
GREENFIELDS ENERGY CORP COMMON 6085807 1 13400 SH
SOLE 0 0 13400
MONSANTO CO COMMON 611662107 282 7950 SH
SOLE 0 0 7950
MORGAN J P & CO INC COMMON 616880100 1212 9573 SH
SOLE 0 0 9573
MORGAN STANLEY DEAN WITT COM NEW 617446448 458 3210 SH
SOLE 0 0 3210
MOTOROLA INC COMMON 620076109 496 3366 SH
SOLE 0 0 3366
ROBCO II COMMON 622991107 13 13250 SH
SOLE 0 0 13250
NAVIGATORS GROUP INC COMMON 638904102 3920 402000 SH
SOLE 0 0 402000
NEW YORK TIMES CO CL A 650111107 366 7460 SH
SOLE 0 0 7460
NOBLE DRILLING CORP COMMON 655042109 3537 108000 SH
SOLE 0 0 108000
NORFOLK SOUTHERN CORP COMMON 655844108 228 11130 SH
SOLE 0 0 11130
NORTHERN TR CORP COMMON 665859104 360 6790 SH
SOLE 0 0 6790
OCEAN ENERGY INC TEX COMMON 67481E106 101 13000 SH
SOLE 0 0 13000
INFLAZYME PHARMACEUTIC. COMMON 684991102 9 10000 SH
SOLE 0 0 10000
PARKVALE FINL CORP COMMON 701492100 7235 450449 SH
SOLE 0 0 450449
PEPSICO INC COMMON 713448108 1632 46312 SH
SOLE 0 0 46312
PFIZER INC COMMON 717081103 15578 480255 SH
SOLE 0 0 480255
PHILIP MORRIS COS INC COMMON 718154107 4283 186202 SH
SOLE 0 0 186202
PITNEY BOWES INC COMMON 724479100 1215 25142 SH
SOLE 0 0 25142
PLACER DOME INC COMMON 725906101 143 13275 SH
SOLE 0 0 13275
POLICY MGMT SYS CORP COMMON 731108106 45071 1763173 SH
SOLE 0 0 1763173
PRAXAIR INC COMMON 74005P104 1006 20000 SH
SOLE 0 0 20000
PROCTER & GAMBLE CO COMMON 742718109 6745 61567 SH
SOLE 0 0 61567
PROGRESSIVE CORP OHIO COMMON 743315103 686 9386 SH
SOLE 0 0 9386
QUALCOMM INC COMMON 747525103 282 1600 SH
SOLE 0 0 1600
RECKSON SVC INDS INC COMMON 75621J109 3032 48615 SH
SOLE 0 0 48615
RECKSON ASSOCS RLTY CORP COMMON 75621K106 2547 124250 SH
SOLE 0 0 124250
RECKSON ASSOCS RLTY CORP PFD CV SER A% 75621K205 753 37900 SH
SOLE 0 0 37900
REGIONS FINL CORP COMMON 758940100 667 26540 SH
SOLE 0 0 26540
RISK CAP HLDGS INC COMMON 767711104 9777 774400 SH
SOLE 0 0 774400
ROBBINS & MYERS INC COMMON 770196103 1446 63900 SH
SOLE 0 0 63900
ROBBINS & MYERS INC CV 6.500 9/0 770196AA1 1337 1395000 PRN
SOLE 0 0 1395000
ROBCO COMMON 770995108 21 20625 SH
SOLE 0 0 20625
ROPER INDS INC NEW COMMON 776696106 87455 2312859 SH
SOLE 0 0 2312859
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 5952 98281 SH
SOLE 0 0 98281
SBC COMMUNICATIONS INC COMMON 78387G103 1552 31837 SH
SOLE 0 0 31837
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 156 15000 SH
SOLE 0 0 15000
SANTA FE SNYDER CORP COMMON 80218K105 160 20005 SH
SOLE 0 0 20005
SARA LEE CORP COMMON 803111103 813 36840 SH
SOLE 0 0 36840
SCHERING PLOUGH CORP COMMON 806605101 1744 41150 SH
SOLE 0 0 41150
SCHLUMBERGER LTD COMMON 806857108 2272 40484 SH
SOLE 0 0 40484
SCHOLASTIC CORP COMMON 807066105 12082 194280 SH
SOLE 0 0 194280
SEACOAST BKG CORP FLA CL A 811707108 4495 157018 SH
SOLE 0 0 157018
SEALED AIR CORP NEW COMMON 81211K100 21236 409868 SH
SOLE 0 0 409868
SHARED MED SYS CORP COMMON 819486101 33866 664855 SH
SOLE 0 0 664855
SHELDAHL,INC.(RESTR.) COMMON 822440103 109 25210 SH
SOLE 0 0 25210
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 24013 374470 SH
SOLE 0 0 374470
SONOCO PRODS CO COMMON 835495102 3789 166552 SH
SOLE 0 0 166552
SPRINT CORP COM FON GROUP 852061100 236 3500 SH
SOLE 0 0 3500
SUN MICROSYSTEMS INC COMMON 866810104 1224 15800 SH
SOLE 0 0 15800
SUN HYDRAULICS CORP COMMON 866942105 1870 287750 SH
SOLE 0 0 287750
SUNTRUST BKS INC COMMON 867914103 473 6880 SH
SOLE 0 0 6880
SWWT INC COMMON 870534997 1 12500 SH
SOLE 0 0 12500
TVX GOLD INC COMMON 87308K101 8 10000 SH
SOLE 0 0 10000
TEL.DE MEXICO ADR NOM. COMMON 879403400 55 10000 SH
SOLE 0 0 10000
TEXACO INC COMMON 881694103 1180 21723 SH
SOLE 0 0 21723
TEXAS INSTRS INC COMMON 882508104 473 4900 SH
SOLE 0 0 4900
THOMAS & BETTS CORP COMMON 884315102 462 14507 SH
SOLE 0 0 14507
TIGER PARTNERS COMMON 886993104 25 25000 SH
SOLE 0 0 25000
TIME WARNER INC COMMON 887315109 16341 225973 SH
SOLE 0 0 225973
TORCHMARK CORP COMMON 891027104 691 23786 SH
SOLE 0 0 23786
TYCO INTL LTD NEW COMMON 902124106 19588 502248 SH
SOLE 0 0 502248
TYSON FOODS INC CL A 902494103 225 13850 SH
SOLE 0 0 13850
UCAR INTL INC COMMON 90262K109 7311 410420 SH
SOLE 0 0 410420
UNILEVER N V DEPOSITORY RECEI 904784709 414 7597 SH
SOLE 0 0 7597
UNION PAC CORP COMMON 907818108 43152 987743 SH
SOLE 0 0 987743
UNION PAC RES GROUP INC COMMON 907834105 1218 95492 SH
SOLE 0 0 95492
UNISOURCE WORLDWIDE INC COMMON 909208100 138 11550 SH
SOLE 0 0 11550
UNITED DOMINION REALTY T COMMON 910197102 117 11800 SH
SOLE 0 0 11800
U S TR CORP NEW COMMON 91288L105 341 4250 SH
SOLE 0 0 4250
UNOCAL CORP COMMON 915289102 326 9714 SH
SOLE 0 0 9714
UNOVA INC COMMON 91529B106 1886 145100 SH
SOLE 0 0 145100
VASTAR RES INC COMMON 922380100 507 8600 SH
SOLE 0 0 8600
VERTEX PHARMACEUTICALS I COMMON 92532F100 17705 505860 SH
SOLE 0 0 505860
VIACOM INC CL B COMMON 925524308 1644 27200 SH
SOLE 0 0 27200
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 1871 37795 SH
SOLE 0 0 37795
VULCAN MATLS CO COMMON 929160109 347 8689 SH
SOLE 0 0 8689
WACHOVIA CORP COMMON 929771103 204 3000 SH
SOLE 0 0 3000
WAL MART STORES INC COMMON 931142103 945 13664 SH
SOLE 0 0 13664
WALGREEN CO COMMON 931422109 2986 102100 SH
SOLE 0 0 102100
WARNER LAMBERT CO COMMON 934488107 336 4100 SH
SOLE 0 0 4100
WATERS CORP COMMON 941848103 2120 40000 SH
SOLE 0 0 40000
WELLS FARGO & CO NEW COMMON 949746101 1376 34027 SH
SOLE 0 0 34027
WILEY JOHN & SONS CLA COMMON 968223206 5186 309600 SH
SOLE 0 0 309600
WILLIAMS COS INC DEL COMMON 969457100 17699 579115 SH
SOLE 0 0 579115
WINSTAR COMMUNICATIONS I COMMON 975515107 22259 295800 SH
SOLE 0 0 295800
ZEBRA TECHNOLOGIES CORP CL A 989207105 246 4200 SH
SOLE 0 0 4200
TRANSOCEAN SEDCO FOREX I ORD G90078109 264 7838 SH
SOLE 0 0 7838
SBS BROADCASTING SA ORD L8137F102 316 6500 SH
SOLE 0 0 6500
</TABLE>
