UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number: _______
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: 1838 Investment Advisors, Inc.
Address: 5 Radnor Corp. Center Suite 320
100 Matsonford Rd.
Radnor, PA 19087
Form 13F File Number: 28-__________
The institutional investment manager filing this report and the person by whom
it is signed hereby represent 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:
Name: John J. McElroy
Title: Secretary
Phone: 610-293-4300
Signature, Place, and Date of Signing:
John J. McElroy Radnor, Pa. 5/6/99
-------------------- ------------------ ------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS 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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28- ________________ ________________________________________
[Repeat as necessary.]
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AFLAC INC COMMON 001055102 613750 14653 X 14653 0 0
AMR CORP DEL COMMON 001765106 237900 4372 X 4372 0 0
AT & T CORP COMMON 001957109 2175790 50026 X 24556 0 25470
AT & T CORP COMMON 001957109 28275 650 X 200 450 0
AT & T CORP COMMON 001957109 182700 4200 X 0 0 4200
AT & T CORP - LIBERTY MEDI COMMON 001957208 1197879 32093 X 30113 0 1980
AVX CORP COMMON 002444107 12357740 351834 X 309229 34400 8205
ABB AB - ADR COMMON 00256Q103 285525 21150 X 21150 0 0
ABBOTT LABORATORIES COMMON 002824100 6198914 168956 X 46230 600 122126
ABBOTT LABORATORIES COMMON 002824100 110063 3000 X 600 2400 0
ABBOTT LABORATORIES COMMON 002824100 167882 4576 X 0 0 4576
ACCOR SA - SPONS ADR COMMON 00435F101 267481 11455 X 11455 0 0
ADECCO S A -SPON ADR COMMON 006754105 321114 4689 X 4689 0 0
ADVO INC COMMON 007585102 7064643 354327 X 307917 38100 8310
AIR PRODUCTS & CHEMICALS I COMMON 009158106 2098975 71745 X 29765 0 41980
AIRGAS INC COMMON 009363102 177863 15300 X 0 0 15300
ELECTROLUX AB - ADR COMMON 010198208 415838 10985 X 10985 0 0
ALBERTSON'S INC COMMON 013104104 10570919 267188 X 2735 0 264453
ALLIANT TECHSYSTEMS COMMON 018804104 3451416 49795 X 49795 0 0
ALLIED IRISH BANKS - ADR COMMON 019228402 499940 19665 X 10665 0 9000
ALLIED SIGNAL INC COMMON 019512102 1795801 29966 X 16262 8800 4904
ALLIED SIGNAL INC COMMON 019512102 71925 1200 X 300 900 0
ALLMERICA FINANCIAL CORP COMMON 019754100 4180859 87779 X 74059 11170 2550
ALLSTATE CORP COMMON 020002101 948131 38039 X 27785 0 10254
ALLSTATE FINANCING I PREFER 020013207 244375 10000 X 0 0 10000
ALLTEL CORP COMMON 020039103 2183771 31035 X 2245 0 28790
AMERICA ONLINE INC COMMON 02364J104 48113751 462352 X 252087 106020 104245
AMERICA ONLINE INC COMMON 02364J104 660797 6350 X 0 6350 0
AMERICA WEST HLDG CORP COMMON 023657208 6268470 362105 X 318750 35750 7605
AMERICAN EXPRESS CO COMMON 025816109 784900 5816 X 5316 0 500
AMERICAN EXPRESS CO COMMON 025816109 13500 100 X 0 100 0
AMERICAN HOME PRODUCTS COR COMMON 026609107 6569247 158296 X 63858 160 94278
AMERICAN HOME PRODUCTS COR COMMON 026609107 564400 13600 X 0 0 13600
AMERICAN HOME PRODUCTS COR COMMON 026609107 91217 2198 X 0 2198 0
AMERICAN INTERNATIONAL GRO COMMON 026874107 137464121 1581184 X 896393 324075 360715
AMERICAN INTERNATIONAL GRO COMMON 026874107 219322 2523 X 912 1611 0
AMERICAN POWER CONVERSION COMMON 029066107 2572940 135416 X 128641 375 6400
AMERICAN WOODMARK CORP COMMON 030506109 2615878 97335 X 79135 16100 2100
AMERISOURCE HEALTH CORP-CL COMMON 03071P102 6294269 265733 X 225313 33000 7420
AMERITECH CORP COMMON 030954101 1204372 18040 X 8380 0 9660
AMGEN INC. COMMON 031162100 305725 3749 X 3749 0 0
ANADARKO PETE CORP COMMON 032511107 293400 9600 X 7600 0 2000
ANHEUSER BUSCH COS INC COMMON 035229103 40196746 573727 X 311921 132904 128902
APRIA HEALTHCARE GROUP COMMON 037933108 7189749 429251 X 365861 52100 11290
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
APPLIED MATERIALS INC COMMON 038222105 51418860 661862 X 385342 136042 140478
APPLIED MATERIALS INC COMMON 038222105 46613 600 X 400 200 0
APTARGROUP INC COMMON 038336103 7603742 284268 X 243808 33000 7460
ARCHER-DANIELS-MIDLAND CO COMMON 039483102 122248 10071 X 3778 0 6293
ARCHER-DANIELS-MIDLAND CO COMMON 039483102 594 49 X 0 49 0
ARCHER-DANIELS-MIDLAND CO COMMON 039483102 395663 32632 X 0 0 32632
ARGENTARIA SP ADR COMMON 04011W108 396815 9000 X 9000 0 0
AT HOME CORP COMMON 045919107 212757 5134 X 0 760 4374
ASSOCIATES FIRST CAPITAL C COMMON 046008108 93600 2600 X 400 2200 0
ASSOCIATES FIRST CAPITAL C COMMON 046008108 71649496 1990274 X 1123985 440639 425650
ATLANTIC RICHFIELD CO COMMON 048825103 301148 3398 X 0 0 3398
ATLANTIC RICHFIELD CO COMMON 048825103 70900 800 X 0 800 0
ATLANTIC RICHFIELD CO COMMON 048825103 3337773 37662 X 11202 0 26460
AUTODESK INC COMMON 052769106 4085466 186752 X 160397 21500 4855
AUTOMATIC DATA PROCESSING COMMON 053015103 716256 16042 X 8512 130 7400
AVERY DENNISON CORP COMMON 053611109 90994 1725 X 300 1425 0
AVERY DENNISON CORP COMMON 053611109 71457669 1354645 X 810749 264900 278996
AVON PRODUCTS INC COMMON 054303102 1954231 78768 X 12108 0 66660
AXA-UAP ADR COMMON 054536107 408019 6395 X 6395 0 0
BJ'S WHOLESALE CLUB INC COMMON 05548J106 5938368 200868 X 179463 17610 3795
BP AMOCO PLC - SPONS ADR COMMON 055622104 3297776 32354 X 5877 0 26477
BP AMOCO PLC - SPONS ADR COMMON 055622104 136743 1234 X 317 917 0
BANCWEST CORPORATION COMMON 059790105 308751 7600 X 700 0 6900
BANCWEST CORPORATION COMMON 059790105 8125 200 X 200 0 0
BANK OF AMERICA CORP COMMON 060505104 153809 2762 X 1723 1039 0
BANK OF AMERICA CORP COMMON 060505104 450512 8090 X 0 0 8090
BANK OF AMERICA CORP COMMON 060505104 16452804 295440 X 161599 9344 124497
BANK OF NEW YORK CO INC COMMON 064057102 156359 4670 X 4670 0 0
BANK OF NEW YORK CO INC COMMON 064057102 53500 1600 X 0 1600 0
BANK ONE CORP COMMON 06423A103 532481 15283 X 10880 0 4403
BANKBOSTON CORPORATION COMMON 06605R106 322247 7433 X 4884 549 2000
BARD C R INC COMMON 067383109 430563 9150 X 150 0 9000
BAXTER INTL INC COMMON 071813109 440852 7321 X 5121 0 2200
BELL ATLANTIC CORP COMMON 077853109 619275 9200 X 0 0 9200
BELL ATLANTIC CORP COMMON 077853109 68372622 1015746 X 550781 219812 245153
BELL ATLANTIC CORP COMMON 077853109 107701 1600 X 1000 600 0
BELLSOUTH CORP COMMON 079860102 18000 400 X 0 400 0
BELLSOUTH CORP COMMON 079860102 2227990 49510 X 26362 232 22916
BENCHMARK ELECTRONICS INC COMMON 08160H101 7449760 210956 X 179196 26300 5460
BERKSHIRE HATHAWAY INC-CLB COMMON 084670207 55680 30 X 0 30 0
BERKSHIRE HATHAWAY INC-CLB COMMON 084670207 257464 139 X 124 0 15
BESTFOODS COMMON 08658U101 64782 1334 X 0 1334 0
BESTFOODS COMMON 08658U101 820244 16884 X 8844 0 8040
BINDLEY WESTERN INDS COMMON 090324104 1127890 78775 X 78390 385 0
BLACK BOX CORPORATION COMMON 091826107 5484151 104460 X 89660 13200 1600
BLACKROCK STRATEGIC MUNICI COMMON 09248T109 205350 13690 X 0 0 13690
E.W. BLANCH HOLDINGS INC COMMON 093210102 425916 6538 X 6503 35 0
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BOEING COMPANY COMMON 097023105 692109 16227 X 3827 0 12400
BOEING COMPANY COMMON 097023105 42625 1000 X 0 1000 0
BRANDYWINE REALTY TRUST COMMON 105368203 3203430 197135 X 171760 19100 6275
BRISTOL MYERS SQUIBB COMMON 110122108 243000 3600 X 1800 1800 0
BRISTOL MYERS SQUIBB COMMON 110122108 5246470 77721 X 27600 577 49544
BUCKEYE TECHNOLOGIES COMMON 118255108 7955550 507112 X 449862 44580 12670
BUILDING MATERIAL HOLDING COMMON 120113105 4683310 468361 X 413431 43300 11630
BURNHAM FUND INC COMMON 122295108 208210 5666 X 0 0 5666
BURR BROWN CORP COMMON 122574106 7375142 186716 X 160464 21400 4852
CBS CORPORATION COMMON 12490K107 240138 5190 X 2090 0 3100
CIGNA CORP COMMON 125509109 1273593 16380 X 8969 0 7411
C.I.T GROUP INC - A COMMON 125577106 1595591 77603 X 73618 185 3800
CK WITCO CORPORATION COMMON 12562C108 153144 10300 X 3971 0 6329
CK WITCO CORPORATION COMMON 12562C108 3354 226 X 0 226 0
CNA SURETY CORP COMMON 12612L108 5266437 401252 X 344322 47500 9430
CSG SYSTEMS INTL INC COMMON 126349109 1193431 43548 X 43338 210 0
CABLETRON SYSTEMS COMMON 126920107 188250 12000 X 0 0 12000
CALPINE CORPORATION COMMON 131347106 3297532 40204 X 38954 250 1000
CAMPBELL SOUP CO COMMON 134429109 341809 8744 X 2200 0 6544
CARNIVAL CORP CL A COMMON 143658102 56550 1300 X 600 700 0
CARNIVAL CORP CL A COMMON 143658102 79978163 1838589 X 1089634 337046 411909
CAROLINA POWER & LIGHT CO COMMON 144141108 311300 8800 X 800 0 8000
CASEY'S GENERAL STORES INC COMMON 147528103 1577091 117603 X 107508 395 9700
CATERPILLAR INC COMMON 149123101 1425040 26000 X 5450 521 20029
CATERPILLAR INC COMMON 149123101 21925 400 X 0 400 0
CHASE MANHATTAN CORP COMMON 16161A108 1968000 26103 X 11503 0 14600
CHELSEA GCA REALTY INC COMMON 163262108 4766428 150709 X 129009 17700 4000
CHEVRON CORPORATION COMMON 166751107 31063 350 X 300 50 0
CHEVRON CORPORATION COMMON 166751107 45231647 509655 X 292170 92170 125315
CHINA TELECOM HK-LTD ADR COMMON 169428109 390401 6320 X 6320 0 0
CHITTENDEN CORP COMMON 170228100 6532765 229228 X 201379 22007 5842
CHUBB CORPORATION COMMON 171232101 49625 1000 X 0 1000 0
CHUBB CORPORATION COMMON 171232101 298500 6021 X 2021 0 4000
CISCO SYSTEMS INC COMMON 17275R102 153462472 2238283 X 1305376 424218 508689
CISCO SYSTEMS INC COMMON 17275R102 274799 4008 X 1274 2734 0
CITIGROUP INC COMMON 172967101 316316 7189 X 4650 2539 0
CITIGROUP INC COMMON 172967101 166184573 3776917 X 2196661 710997 869260
CLAIRE'S STORES INC COMMON 179584107 444442 26858 X 26643 215 0
CLOROX COMPANY COMMON 189054109 7746952 202528 X 109922 30380 62226
CLOROX COMPANY COMMON 189054109 673200 17600 X 0 0 17600
CLOSURE MEDICAL CORP COMMON 189093107 135625 10000 X 10000 0 0
COASTAL CORP COMMON 190441105 288784 7066 X 7066 0 0
COCA-COLA CO COMMON 191216100 9711539 201284 X 97092 0 104192
COCA-COLA CO COMMON 191216100 33775 700 X 700 0 0
COLGATE-PALMOLIVE CO COMMON 194162103 627541 13727 X 10387 1340 2000
COLGATE-PALMOLIVE CO COMMON 194162103 18300 400 X 400 0 0
COLONIAL BANCGROUP COMMON 195493309 7145908 638773 X 544663 77000 17110
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMCAST CORP CL A SPL COMMON 200300200 1591605 39916 X 22416 0 17500
COMPAQ COMPUTER CORP COM COMMON 204493100 829550 36286 X 14430 650 21206
COMPUTER ASSOC INTL INC COMMON 204912109 41320 676 X 0 676 0
COMPUTER ASSOC INTL INC COMMON 204912109 2012136 32918 X 16028 337 16553
COMPUSONICS CORP COM COMMON 204918106 0 50000 X 50000 0 0
COMPUTER SCIENCE CORP COMMON 205363104 208070 2964 X 1555 0 1409
CONRAD INDUSTRIES INC COMMON 208305102 78750 15000 X 0 0 15000
CORNING INC COMMON 219350105 304336 4445 X 2645 0 1800
COSTCO WHOLESALE CORP. COMMON 22160K105 745000 10354 X 10354 0 0
COUNTRYWIDE CREDIT IND INC COMMON 222372104 1814302 56258 X 54753 105 1400
COVENTRY CORPORATION COMMON 222862104 4553881 479345 X 410115 56000 13230
DII GROUP INC COMMON 232949107 4795705 136280 X 112020 20000 4260
D. R. HORTON INC COMMON 23331A109 4824576 372920 X 319505 43200 10215
DANAHER CORP COMMON 235851102 1324541 25144 X 25014 130 0
DAYTON-HUDSON CORP COMMON 239753106 298044 4954 X 4954 0 0
DEERE & COMPANY COMMON 244199105 400875 10350 X 350 0 10000
DEL GLOBAL TECHNOLOGIES CO COMMON 245073101 2309463 293265 X 242365 44300 6600
DELL COMPUTER CORP COMMON 247025109 72072203 1723702 X 972866 374641 376195
DELL COMPUTER CORP COMMON 247025109 16726 400 X 0 400 0
DEUTSCHE BANK-SPONSORED AD COMMON 251525309 406123 6250 X 6250 0 0
DIME COMMUNITY BANCORP INC COMMON 253922108 6015051 289883 X 246608 34900 8375
DISNEY WALT CO COMMON 254687106 163800 6300 X 0 0 6300
DISNEY WALT CO COMMON 254687106 65780 2530 X 2530 0 0
DISNEY WALT CO COMMON 254687106 419054 16126 X 9424 0 6702
DOMINION RESOURCES INC VA COMMON 257470104 405403 8984 X 0 0 8984
DOW CHEMICAL CO COMMON 260543103 1664329 14646 X 11930 55 2661
DOW CHEMICAL CO COMMON 260543103 51131 450 X 450 0 0
E I DUPONT DE NEMOURS & CO COMMON 263534109 61886269 1022911 X 517582 191420 313909
E I DUPONT DE NEMOURS & CO COMMON 263534109 707850 11700 X 0 0 11700
E I DUPONT DE NEMOURS & CO COMMON 263534109 60500 1000 X 200 800 0
DUKE ENERGY CORP COMMON 264399106 257161 4670 X 2546 0 2124
EMC CORP COMMON 268648102 111217593 1558209 X 923807 307122 327280
EMC CORP COMMON 268648102 121338 1700 X 0 1700 0
EARTHGRAINS COMPANY COMMON 270319106 364474 16457 X 15435 622 400
EASTMAN KODAK CO COMMON 277461109 1507245 19931 X 8844 0 11087
EASTMAN KODAK CO COMMON 277461109 51728 684 X 0 684 0
EDISON INTERNATIONAL COMMON 281020107 413450 17000 X 200 0 16800
ELAN CORP PLC ADR COMMON 284131208 1096452 32664 X 6664 0 26000
ELECTRONIC DATA SYSTEMS CO COMMON 285661104 351542 6644 X 1363 0 5281
EMERSON ELECTRIC CO COMMON 291011104 1400102 22164 X 7068 0 15096
EMERSON ELECTRIC CO COMMON 291011104 88463 1400 X 1200 200 0
EMPIRE OF CAROLINA COMMON 292007101 15625 50000 X 50000 0 0
ENDESA-SPONSORED ADR(EMPRE COMMON 29258N107 30600 1600 X 0 1600 0
ENDESA-SPONSORED ADR(EMPRE COMMON 29258N107 575029 30050 X 12050 0 18000
ENGLE HOMES INC COMMON 292896107 1532643 148620 X 123220 22100 3300
ENRON CORP COMMON 293561106 65700 1600 X 0 1600 0
ENRON CORP COMMON 293561106 1045566 25454 X 12460 0 12994
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EQUIFAX INC COMMON 294429105 714650 25412 X 500 0 24912
L.M. ERICSSON TEL SEK 10B COMMON 294821400 15625 500 X 0 500 0
L.M. ERICSSON TEL SEK 10B COMMON 294821400 1571813 50310 X 14150 0 36160
EVEREST REINSURANCE HLDGS COMMON 299808105 6675859 280335 X 244670 28855 6810
EXXON CORP COMMON 302290101 746472 9822 X 1000 8822 0
EXXON CORP COMMON 302290101 243200 3200 X 0 0 3200
EXXON CORP COMMON 302290101 30052804 395432 X 185205 8285 201942
FPIC INS GROUP INC COMMON 302563101 1253953 83250 X 68650 12900 1700
FPL GROUP INC COMMON 302571104 32794 651 X 0 651 0
FPL GROUP INC COMMON 302571104 499578 9920 X 380 0 9540
FACTSET RESEARCH SYSTEMS COMMON 303075105 512345 9008 X 8908 100 0
FDX CORPORATION COMMON 31304N107 228750 5880 X 4280 0 1600
FEDDERS CORP CL A COMMON 313135303 172812 35000 X 35000 0 0
FEDERAL HOME LOAN MTGE COM COMMON 313400301 845000 16242 X 16152 90 0
FANNIE MAE COMMON 313586109 1361441 21721 X 10480 80 11161
FIFTH THIRD BANCORP COMMON 316773100 61863123 1016761 X 579126 222245 215390
FIFTH THIRD BANCORP COMMON 316773100 27988 460 X 0 460 0
FINISH LINE INC -CL A COMMON 317923100 344268 39345 X 39345 0 0
FIRST DATA CORP COMMON 319963104 279722 6385 X 6385 0 0
FIRST TENNESSEE NATL CORP COMMON 337162101 1072040 38109 X 37949 160 0
FIRST UNION CORP COMMON 337358105 125008 3509 X 1475 2034 0
FIRST UNION CORP COMMON 337358105 3929442 110308 X 41454 0 68854
FIRSTAR CORP COMMON 33763V109 66369 2590 X 390 2200 0
FIRSTAR CORP COMMON 33763V109 1833772 71562 X 34802 0 36760
FORD MOTOR CO COMMON 345370100 67468255 1342652 X 764903 294470 283279
FURNITURE BRANDS INTL INC. COMMON 360921100 9120700 463294 X 402889 49200 11205
GRG INC COMMON 36225R103 26250 20000 X 20000 0 0
GTE CORP COMMON 362320103 6115503 79549 X 21205 5000 53344
GTE CORP COMMON 362320103 644366 8382 X 0 0 8382
GTE CORP COMMON 362320103 201951 2627 X 650 1977 0
GT INTERACTIVE SOFTWARE CO COMMON 36236E109 1310213 450825 X 385480 53700 11645
GANNETT COMPANY INC COMMON 364730101 751744 10860 X 6905 155 3800
GANNETT COMPANY INC COMMON 364730101 387451 5600 X 0 0 5600
GANNETT COMPANY INC COMMON 364730101 20756 300 X 0 300 0
GENERAL CABLE CORP COMMON 369300108 5270788 439246 X 379036 47800 12410
GENERAL DYNAMICS CORP COMMON 369550108 351044 5630 X 5540 90 0
GENERAL ELECTRIC CO COMMON 369604103 791998 6680 X 3760 2920 0
GENERAL ELECTRIC CO COMMON 369604103 2371250 20000 X 0 0 20000
GENERAL ELECTRIC CO COMMON 369604103 170591655 1438834 X 779340 200762 458732
GENERAL GROWTH PROP COMMON 370021107 141750 4500 X 1200 3300 0
GENERAL GROWTH PROP COMMON 370021107 1061771 33707 X 4698 0 29009
GENERAL MILLS INC COMMON 370334104 16225 200 X 0 200 0
GENERAL MILLS INC COMMON 370334104 531190 6553 X 1285 0 5268
GENERAL MOTORS CORP COMMON 370442105 748255 11883 X 5783 0 6100
GENERAL MOTORS CORP COMMON 370442105 18881 300 X 0 300 0
GILLETTE COMPANY COMMON 375766102 3483368 102641 X 24346 11028 67267
GILLETTE COMPANY COMMON 375766102 24503 722 X 0 722 0
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GLAXO WELCOME PLC COMMON 37733W105 1058600 20351 X 1951 0 18400
GLAXO WELCOME PLC COMMON 37733W105 26000 500 X 0 500 0
GRANT W T CO. COMMON 387604101 10800 X 0 0 10800
GREAT PLAINS SOFTWARE INC COMMON 39119E105 442750 8597 X 8597 0 0
GUIDANT CORP COMMON 401698105 240818 4492 X 4492 0 0
HCC INSURANCE HOLDINGS INC COMMON 404132102 6723619 399917 X 348767 41605 9545
HSBC HLDGS PLC ADR COMMON 404280307 283578 4884 X 4884 0 0
HSB GROUP INC COMMON 40428N109 422250 12000 X 0 0 12000
HALLIBURTON CO COMMON 406216101 728000 17747 X 2747 0 15000
HANCOCK HOLDING CO COMMON 410120109 340000 8500 X 0 0 8500
HARLEYSVILLE GROUP INC COMMON 412824104 2563312 182280 X 150280 28100 3900
HARRAH'S ENTERTAINMENT INC COMMON 413619107 10614280 382497 X 335147 41600 5750
HARSCO CORP. COMMON 415864107 204000 7373 X 7373 0 0
HEALTH CARE PPTY INVS INC COMMON 421915109 466411 17768 X 550 0 17218
HEALTH CARE PPTY INVS INC COMMON 421915109 34125 1300 X 500 800 0
HEALTHSOUTH CORP COMMON 421924101 82216 13370 X 600 0 12770
HEALTHSOUTH CORP COMMON 421924101 1225 200 X 0 200 0
HEINZ H J CO COMMON 423074103 3150845 73277 X 6762 0 66515
HEINZ H J CO COMMON 423074103 27950 650 X 0 650 0
HELLER FINANCIAL INC COMMON 423328103 7095643 315358 X 270603 36200 8555
HENKEL KGAA-SPONS ADR COMMON 42550U109 225499 4070 X 4070 0 0
HERSHEY FOOD CORP COMMON 427866108 708964 14555 X 2255 0 12300
HEWLETT-PACKARD CO COMMON 428236103 1046892 11536 X 0 0 11536
HEWLETT-PACKARD CO COMMON 428236103 3291837 36269 X 11809 160 24300
HITACHI LTD ADR COMMON 433578507 229163 2100 X 2100 0 0
HOME DEPOT INC COMMON 437076102 226463 3300 X 0 3300 0
HOME DEPOT INC COMMON 437076102 13156085 191703 X 120957 11820 58926
HONDA MOTOR LT -SPON ADR COMMON 438128308 238847 2925 X 2925 0 0
HONEYWELL INC COMMON 438506107 607644 5462 X 2262 0 3200
HOUSEHOLD INTL CORP COMMON 441815107 667738 16635 X 2735 0 13900
HUDSON UNITED BANCORP COMMON 444165104 6566870 213134 X 183629 23300 6205
IMS HEALTH INC. COMMON 449934108 299046 13102 X 300 0 12802
ILLINOIS TOOL WORKS COMMON 452308109 72946003 978319 X 548837 214147 215335
IMPERIAL CHEMICAL INDS PLC COMMON 452704505 385449 8925 X 8925 0 0
INDIGO AVIATION AB-SPON AD COMMON 45567P104 1560330 173370 X 141970 27300 4100
ING GROEP N. V. ADR COMMON 456837103 520745 9510 X 9510 0 0
INGERSOLL-RAND CO COMMON 456866102 16481 300 X 300 0 0
INGERSOLL-RAND CO COMMON 456866102 505526 9202 X 7927 0 1275
INTEL CORP COMMON 458140100 4919488 66200 X 0 0 66200
INTEL CORP COMMON 458140100 154816735 2083319 X 1087579 322335 673405
INTEL CORP COMMON 458140100 200644 2700 X 700 2000 0
INTERIM SERVICES INC COMMON 45868P100 3977934 242910 X 197135 40000 5775
INTERNATIONAL BUSINESS COMMON 459200101 16902816 139690 X 84410 120 55160
INTERNATIONAL BUSINESS COMMON 459200101 398816 3296 X 500 2796 0
INTERNATIONAL
RECTIFIER CORP. COMMON 460254105 336000 22000 X 22000 0 0
INTERPUBLIC GROUP OF COS. COMMON 460690100 68339635 1661749 X 943872 355402 362475
IPALCO ENTERPRISES INC COMMON 462613100 382650 19666 X 1266 0 18400
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IVEX PACKAGING CORP COMMON 465855104 2175750 217575 X 179675 33800 4100
JEFFERSON-PILOT CORP COMMON 475070108 2982060 47188 X 10 0 47178
JOHNSON & JOHNSON COMMON 478160104 735000 8000 X 0 0 8000
JOHNSON & JOHNSON COMMON 478160104 21922432 238613 X 136675 6300 95638
JOHNSON CONTROLS INC COMMON 478366107 310050 4670 X 3870 0 800
KAO CORP - ADR COMMON 485537203 349501 1235 X 1235 0 0
KELLOGG COMPANY COMMON 487836108 547100 14620 X 220 0 14400
KEYCORP NEW COMMON 493267108 1151496 44610 X 6010 0 38600
KIMBERLY-CLARK CORP COMMON 494368103 1555795 29498 X 14562 0 14936
KINDER MORGAN ENERGY PRTNR COMMON 494550106 314685 7260 X 910 0 6350
KINDER MORGAN ENERGY PRTNR COMMON 494550106 22739 525 X 0 525 0
KONINKLIJKE PHILIPS EL NV COMMON 500472204 422202 4185 X 4185 0 0
ESTEE LAUDER COMPANIES - C COMMON 518439104 115625 2960 X 500 2460 0
ESTEE LAUDER COMPANIES - C COMMON 518439104 71906305 1840806 X 1067111 385661 388034
LEXMARK HOLDINGS INC - CL COMMON 529771107 5516548 68532 X 62217 115 6200
LILLY ELI & CO INC COMMON 532457108 1293629 20160 X 5160 0 15000
LINCARE HOLDINGS INC COMMON 532791100 2411267 90447 X 83527 220 6700
LINEAR TECHNOLOGY CORP COMMON 535678106 447943 7619 X 7559 60 0
LUCENT TECHNOLOGIES INC COMMON 549463107 3147995 48524 X 0 0 48524
LUCENT TECHNOLOGIES INC COMMON 549463107 92383 1424 X 328 1096 0
LUCENT TECHNOLOGIES INC COMMON 549463107 12355727 190447 X 124491 80 65876
MBIA INC. COMMON 55262C100 574071 12310 X 1710 0 10600
MCI WORLDCOM INC COMMON 55268B106 180407 2510 X 700 1810 0
MCI WORLDCOM INC COMMON 55268B106 132986371 1850250 X 1053909 368618 427723
MACRONIX INTL CO LTD-SP AD COMMON 556103109 192696 16576 X 16576 0 0
MANDALAY RESORT GROUP COMMON 562567107 7368948 373122 X 317862 45500 9760
MARSH & MCLENNAN COS INC COMMON 571748102 669850 9785 X 1835 0 7950
MATTEL INC COMMON 577081102 1151177 60565 X 2040 0 58525
MATTEL INC COMMON 577081102 17043 897 X 0 897 0
MAY DEPARTMENT STORES CO COMMON 577778103 260095 7144 X 6192 202 750
MCDONALDS CORP COMMON 580135101 75660021 1749360 X 978624 357980 412756
MCDONALDS CORP COMMON 580135101 69200 1600 X 1000 600 0
MCDONALDS CORP COMMON 580135101 795800 18400 X 0 0 18400
MCGRAW-HILL INC COMMON 580645109 223265 4624 X 3824 0 800
MEAD CORPORATION COMMON 582834107 500063 14550 X 14550 0 0
MEDIA ONE GROUP,INC COMMON 58440J104 1227529 17963 X 6331 0 11632
MEDTRONIC INC. COMMON 585055106 101354 2850 X 850 2000 0
MEDTRONIC INC. COMMON 585055106 103544091 2911617 X 1638729 593938 678950
MELLON BANK CORP COMMON 585509102 706670 21029 X 19589 0 1440
MERCK & CO INC COMMON 589331107 102438926 1580550 X 803524 210603 566423
MERCK & CO INC COMMON 589331107 363598 5610 X 1900 3710 0
MERRILL LYNCH & CO INC COMMON 590188108 314819 4668 X 4668 0 0
MICROSOFT CORP COMMON 594918104 163402630 1804309 X 1031119 369325 403865
MICROSOFT CORP COMMON 594918104 919210 10150 X 10150 0 0
HERMAN MILLER COMMON 600544100 1173518 49107 X 48327 280 500
MINEBEA CO LTD - ADR COMMON 602725301 293285 11525 X 11525 0 0
MINNESOTA MINING & COMMON 604059105 2183841 22733 X 14065 0 8668
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MOBIL CORP COMMON 607059102 125121798 1241904 X 700423 246488 294993
MOBIL CORP COMMON 607059102 204926 2034 X 0 2034 0
MOHAWK INDS COMMON 608190104 4287025 215040 X 181715 27500 5825
MONSANTO CO COMMON 611662107 118946 3333 X 0 3333 0
MONSANTO CO COMMON 611662107 1343127 37625 X 19720 0 17905
MORGAN J P & CO INC COMMON 616880100 2567617 22475 X 616 128 21731
MORGAN ST DEAN WITTER DISC COMMON 617446448 27470 308 X 0 308 0
MORGAN ST DEAN WITTER DISC COMMON 617446448 1652303 18530 X 8822 0 9708
MOTOROLA INC COMMON 620076109 299200 3400 X 0 0 3400
MOTOROLA INC COMMON 620076109 1168936 13285 X 5485 0 7800
NEC CORP - ADR COMMON 629050204 354765 3530 X 3530 0 0
NABORS INDUSTRIES INC COMMON 629568106 712075 28463 X 28333 130 0
NATIONAL CITY CORP COMMON 635405103 1564536 58642 X 27842 0 30800
NESTLE S A REP RG SH ADR COMMON 641069406 244306 2600 X 200 0 2400
NEW JERSEY RESOURCES CORP COMMON 646025106 688000 17200 X 0 0 17200
NEWPORT NEWS SHIPBUILDING COMMON 652228107 936378 28972 X 28602 0 370
NEWS CORP LTD -ADR COMMON 652487703 710938 25000 X 0 0 25000
NISOURCE INC COMMON 65473P105 647654 29285 X 9142 180 19963
NOKIA CORP - ADR COMMON 654902204 1446439 16091 X 8091 0 8000
NORFOLK SOUTHERN CORP COMMON 655844108 1569898 64095 X 62840 0 1255
NORTHERN TELECOM LTD COMMON 665815106 1020000 20000 X 0 0 20000
O'CHARLEYS INC COMMON 670823103 3224281 218625 X 181750 29500 7375
OAK INDS INC COMMON 671400505 4732318 139198 X 119175 15975 4048
OCEANEERING INTERNATIONAL COMMON 675232102 5995851 356607 X 312312 34800 9495
ORACLE SYSTEMS CORP COMMON 68389X105 48086364 1056851 X 572201 243815 240835
ORACLE SYSTEMS CORP COMMON 68389X105 419738 9225 X 0 9225 0
PMC-SIERRA INC COMMON 69344F106 523610 5657 X 5657 0 0
PNC BANK CORP COMMON 693475105 936829 17790 X 4392 0 13398
P P G INDUSTRIES INC COMMON 693506107 30000 500 X 0 500 0
P P G INDUSTRIES INC COMMON 693506107 1787080 29783 X 20781 0 9002
PACIFIC GULF PROPERTIES IN COMMON 694396102 2295902 115155 X 93155 19500 2500
PAINE WEBBER GROUP INC COMMON 695629105 257375 7100 X 600 0 6500
PARAMETRIC TECHNOLOGY CORP COMMON 699173100 176580 13080 X 80 0 13000
PEARSON PLC-ADR COMMON 705015105 504532 23480 X 23480 0 0
PENN TREATY AMER CORP COMMON 707874103 2843399 136210 X 115685 17100 3425
PEOPLES ENERGY CORP COMMON 711030106 460956 13100 X 0 0 13100
PEOPLES HERITAGE FINL GP I COMMON 711147108 7354117 442349 X 377134 53500 11715
PEOPLESOFT INC. COMMON 712713106 406500 24000 X 0 0 24000
PEPSICO INC COMMON 713448108 793000 26000 X 0 0 26000
PEPSICO INC COMMON 713448108 12102856 396816 X 214277 5939 176600
PEPSICO INC COMMON 713448108 146400 4800 X 1200 3600 0
PETROLEUM GEO-SVCS-SPON AD COMMON 716597109 1480293 77649 X 77484 165 0
PHARMACIA & UPJOHN INC COMMON 716941109 54673442 1101725 X 627920 235760 238045
PHARMACIA & UPJOHN INC COMMON 716941109 6451 130 X 0 130 0
PFIZER INC COMMON 717081103 32288 900 X 0 900 0
PFIZER INC COMMON 717081103 28003503 780583 X 283484 2700 494399
PFIZER INC COMMON 717081103 2227838 62100 X 0 0 62100
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PHILIP MORRIS COMPANIES IN COMMON 718154107 7347377 214906 X 119940 0 94966
PHOTRONICS INC COMMON 719405102 1374414 61271 X 58866 0 2405
PIEDMONT NATURAL GAS INC COMMON 720186105 294031 9700 X 0 0 9700
PROCTER & GAMBLE CO COMMON 742718109 94150750 1004272 X 527625 199143 277504
PROCTER & GAMBLE CO COMMON 742718109 71250 760 X 500 260 0
QUANEX CORP COMMON 747620102 6119367 238805 X 206705 26200 5900
QWEST COMMUNICATIONS INTL COMMON 749121109 384313 13000 X 0 0 13000
R H DONNELLEY CORP COMMON 74955W307 4606167 247332 X 211317 29500 6515
RALSTON PURINA GROUP COMMON 751277302 57618 2067 X 0 2067 0
RALSTON PURINA GROUP COMMON 751277302 714650 25624 X 19219 0 6405
RAYTHEON CO-CLASS B COMMON 755111408 360080 7253 X 400 0 6853
RAYTHEON CO-CLASS B COMMON 755111408 39700 800 X 0 800 0
REINSURANCE GROUP AMER INC COMMON 759351109 5548263 215991 X 183211 27000 5780
RELIANT ENERGY INC COMMON 75952J108 1218463 45024 X 45000 0 24
REPSOL S A SPONSORED ADR COMMON 76026T205 411922 20655 X 20655 0 0
RIGGS NATL CORP WASH D.C. COMMON 766570105 2616554 155055 X 124355 27300 3400
ROCHE HLDG LTD SPONSORED A COMMON 771195104 427121 3695 X 3695 0 0
ROHM & HAAS CO COMMON 775371107 86700 2400 X 0 0 2400
ROHM & HAAS CO COMMON 775371107 1761565 48771 X 32746 0 16025
ROLLINS TRUCK LEASING CORP COMMON 775741101 6184439 610828 X 523246 71100 16482
ROYAL DUTCH PETRO CO-NY SH COMMON 780257804 174825 2960 X 0 0 2960
ROYAL DUTCH PETRO CO-NY SH COMMON 780257804 1967994 33325 X 8895 0 24430
ROYAL DUTCH PETRO CO-NY SH COMMON 780257804 70875 1200 X 0 1200 0
RUDDICK CORP COMMON 781258108 7233015 455607 X 397042 46300 12265
SBC COMMUNICATIONS INC COMMON 78387G103 147903521 2896524 X 1655897 609801 630826
SBC COMMUNICATIONS INC COMMON 78387G103 104219 2041 X 0 2041 0
SCI SYSTEMS INC COMMON 783890106 2036144 45813 X 41928 135 3750
SK TELECOM CO LTD-ADR COMMON 78440P108 220099 21302 X 21302 0 0
SAFEWAY INC COMMON 786514208 81073 2130 X 400 1730 0
SAFEWAY INC COMMON 786514208 54304064 1426703 X 817404 280036 329263
SAP AG-SPONSORED ADR COMMON 803054204 548808 14532 X 9032 0 5500
SARA LEE CORP COMMON 803111103 3533850 151182 X 108782 0 42400
SCHERING-PLOUGH CORP COMMON 806605101 284086 6512 X 2456 4056 0
SCHERING-PLOUGH CORP COMMON 806605101 64827209 1486013 X 801209 268124 416680
SCHLUMBERGER LTD COMMON 806857108 58512852 939024 X 521837 185193 231994
SCHLUMBERGER LTD COMMON 806857108 585738 9400 X 0 0 9400
SCHLUMBERGER LTD COMMON 806857108 161764 2596 X 1598 998 0
SCHWAB (CHARLES) CORP COMMON 808513105 553122 16539 X 2176 1148 13215
SEA CONTAINERS LTD - CL A COMMON 811371707 6806608 243077 X 209962 27200 5915
SEACOR SMIT INC COMMON 811904101 8101308 158083 X 137968 16185 3930
SEARS ROEBUCK & CO COMMON 812387108 332677 10606 X 7774 0 2832
SEARS ROEBUCK & CO COMMON 812387108 12393 395 X 0 395 0
SEMPRA ENERGY COMMON 816851109 250374 12030 X 0 0 12030
SEVEN SEAS PETROLEUM INC COMMON 817917107 37500 12000 X 12000 0 0
SHAW INDUSTRIES COMMON 820286102 467313 29457 X 29457 0 0
SHOREWOOD PACKAGING CORP COMMON 825229107 198065 14631 X 14631 0 0
SMITHFIELD FOODS INC. COMMON 832248108 9265532 346388 X 302158 36300 7930
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SMITHKLINE BEECHAM PLC ADR COMMON 832378301 122166 2120 X 860 1260 0
SMITHKLINE BEECHAM PLC ADR COMMON 832378301 1250512 21695 X 12495 0 9200
SOCIETE GENERALE-SPONS ADR COMMON 83364L109 356213 8640 X 8640 0 0
SOLECTRON CORP COMMON 834182107 287930 4010 X 4010 0 0
SOUTHDOWN INC COMMON 841297104 2453372 45854 X 44164 0 1690
SOUTHERN COMPANY COMMON 842587107 20600 800 X 500 300 0
SOUTHERN COMPANY COMMON 842587107 590139 22901 X 4783 0 18118
SOVEREIGN BANCORP INC. COMMON 845905108 296671 32599 X 32324 275 0
SOVEREIGN BANCORP INC. COMMON 845905108 17678 1944 X 0 1944 0
SPRINT CORP (FON GROUP) COMMON 852061100 54250 1000 X 0 1000 0
SPRINT CORP (FON GROUP) COMMON 852061100 78339628 1444045 X 850441 269359 324245
SPRINT GROUP (PCS GROUP) COMMON 852061506 14913 200 X 0 200 0
SPRINT GROUP (PCS GROUP) COMMON 852061506 3183572 42691 X 25898 0 16793
STAPLES INC COMMON 855030102 86160 3950 X 0 3950 0
STAPLES INC COMMON 855030102 90420975 4145395 X 2257450 904585 983360
STATE AUTO FINL CORP COMMON 855707105 2823916 275531 X 236697 31900 6934
STATE STREET CORP COMMON 857477103 572015 8855 X 4455 0 4400
STERLING SOFTWARE INC COMMON 859547101 6540880 327030 X 280880 38100 8050
SUMMIT BANCORP COMMON 866005101 267000 8230 X 8230 0 0
SUN MICROSYSTEMS INC COMMON 866810104 12090 130 X 0 130 0
SUN MICROSYSTEMS INC COMMON 866810104 81524344 876610 X 526087 178550 171973
SUNTRUST BANKS INC COMMON 867914103 1388707 21116 X 360 0 20756
SWIFT TRANSPORTATION CO IN COMMON 870756103 835428 42426 X 42236 190 0
SYMANTEC CORP COMMON 871503108 12161722 338108 X 298493 31300 8315
TDK CORP ADR COMMON 872351408 422981 3635 X 3635 0 0
TJX COMPANIES INC. COMMON 872540109 289346 10327 X 10327 0 0
TAIWAN SEMICONDUCTOR - ADR COMMON 874039100 1315331 44588 X 0 0 44588
TASEKO MINES LTD COMMON 876511106 71688 37000 X 0 0 37000
TELEFLEX INC COMMON 879369106 465263 11810 X 1610 0 10200
TELEFONICA SA COMMON 879382208 88704 1848 X 0 1848 0
TELEFONICA SA COMMON 879382208 491683 10252 X 6196 0 4056
TEVA PHARM INDS. ADR COMMON 881624209 641484 12750 X 12750 0 0
TEXACO INC COMMON 881694103 8090633 128169 X 67757 2400 58012
TEXACO INC COMMON 881694103 59969 950 X 200 750 0
TEXAS INSTRUMENTS INC COMMON 882508104 263200 3200 X 600 2600 0
TEXAS INSTRUMENTS INC COMMON 882508104 57469725 698723 X 413954 130203 154566
THOMAS & BETTS CORP COMMON 884315102 214200 4200 X 0 0 4200
THOMAS & BETTS CORP COMMON 884315102 132600 2600 X 1000 0 1600
3COM CORP COMMON 885535104 10063 350 X 0 350 0
3COM CORP COMMON 885535104 334250 11627 X 1127 0 10500
TIME WARNER INC COMMON 887315109 692764 11405 X 6627 0 4778
TIME WARNER INC COMMON 887315109 801900 13200 X 0 0 13200
TOLL BROTHERS INC COMMON 889478103 4250135 222956 X 190691 26100 6165
TOTAL S.A. SPON ADR COMMON 89151E109 218092 3437 X 3437 0 0
TRICON GLOBAL RESTAURANTS, COMMON 895953107 1215896 29711 X 16361 680 12670
TRICON GLOBAL RESTAURANTS, COMMON 895953107 73688 1800 X 0 0 1800
TRIGON HEALTHCARE INC. COMMON 89618L100 6502976 222321 X 196921 19655 5745
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TROPICAL SPORTSWEAR INTL COMMON 89708P102 4558654 244760 X 202760 37200 4800
TYCO INTERNATIONAL LTD COMMON 902124106 59885 580 X 0 580 0
TYCO INTERNATIONAL LTD COMMON 902124106 86509514 1016929 X 657277 181090 178562
UCAR INTERNATIONAL INC COMMON 90262K109 6291582 275783 X 239373 29700 6710
U S CAN CORP COMMON 90328W105 7270814 355741 X 315881 30300 9560
UNIFI INC COMMON 904677101 6744011 613064 X 530274 68000 14790
UNILEVER NV COMMON 904784709 1184295 17390 X 7570 0 9820
UNION PACIFIC CORP COMMON 907818108 134575 2800 X 0 0 2800
UNION PACIFIC CORP COMMON 907818108 579384 12061 X 2711 0 9350
UNITED COMPANIES FINANCIAL COMMON 909870107 2000 20000 X 0 0 20000
UNITED RENTALS INC COMMON 911363109 1869595 85978 X 78813 215 6950
UNITED SECURITY BANCORP COMMON 91146A101 538275 35885 X 35885 0 0
US WEST INC COMMON 91273H101 1782189 31236 X 7488 0 23748
UNITED STATIONERS INC COMMON 913004107 4701273 220566 X 192941 22260 5365
UNITED TECHNOLOGIES CORP COMMON 913017109 1195813 20166 X 17821 0 2345
UNITED TECHNOLOGIES CORP COMMON 913017109 189681 3198 X 0 3198 0
VALASSIS COMMUNICATIONS IN COMMON 918866104 1013741 23078 X 22903 175 0
VARIAN MEDICAL SYS COMMON 92220P105 6175810 282322 X 238947 36200 7175
VEECO INSTRUMENTS INC COMMON 922417100 633252 22614 X 22509 105 0
VELCRO INDS N V COMMON 922571104 4636589 340300 X 286600 47000 6700
VIRGINIA ELECTRIC & POWER PREFER 927804617 226875 10000 X 0 0 10000
VODAFONE GROUP PLC ADR COMMON 92857T107 4159419 34377 X 24719 0 9658
VODAFONE GROUP PLC ADR COMMON 92857T107 35663 150 X 0 150 0
WICOR INC COMMON 929253102 383625 13200 X 0 0 13200
WPP GROUP PLC SPONS ADR COMMON 929309300 260400 2800 X 2800 0 0
WAL-MART STORES COMMON 931142103 47563 1000 X 0 1000 0
WAL-MART STORES COMMON 931142103 88098058 1852259 X 1090275 372648 389336
WARNER-LAMBERT CO COMMON 934488107 1614679 24322 X 21072 0 3250
WARNER-LAMBERT CO COMMON 934488107 9956 150 X 75 75 0
WASHINGTON GAS & LIGHT CO COMMON 938837101 537075 19800 X 0 0 19800
WELLS FARGO COMPANY COMMON 949746101 83213 2100 X 400 1700 0
WELLS FARGO COMPANY COMMON 949746101 111958285 2825448 X 1593474 565751 666223
WESTPOINT STEVENS INC COMMON 961238102 6531606 276491 X 228241 41300 6950
WEYERHAEUSER CO COMMON 962166104 997388 17315 X 215 0 17100
WHITMAN CORP COMMON 96647R107 348885 24479 X 179 0 24300
WHITNEY HOLDING CORP COMMON 966612103 464063 13500 X 0 0 13500
WILLIAMS COMPANIES COMMON 969457100 694749 18475 X 4975 0 13500
WILMINGTON TRUST CORP COMMON 971807102 756680 15580 X 9515 65 6000
WOLVERINE WORLD WIDE COMMON 978097103 4704304 413584 X 352109 50300 11175
Woodside Petroleum Limited COMMON 980228308 186575 26815 X 26815 0 0
XEROX CORP COMMON 984121103 1982051 47258 X 11358 200 35700
ZALE CORP COMMON 988858106 11445777 298746 X 260579 31170 6997
FRESH DEL MONTE PRODUCE COMMON G36738105 3522610 314891 X 265471 40900 8520
HELEN OF TROY CORP LTD COMMON G4388N106 2659923 276406 X 238031 31300 7075
LASALLE RE HOLDINGS LIMITE COMMON G5383Q101 2321635 167325 X 137925 26200 3200
TRANSOCEAN OFFSHORE INC COMMON G90076103 31776629 1037592 X 629807 210870 196915
DAIMLERCHRSLER AG COMMON GR5529027 761556 11000 X 11000 0 0
<PAGE>
<CAPTION>
FORM 13F
REPORTING MANAGER: 1838 INVESTMENT ADVISORS
----------------------------------------------------------------------------------------------------------------------------------
VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASM LITHOGRAPHY HOLDING NV COMMON N07059111 1668480 24880 X 9880 0 15000
PANAMERICAN BEVERAGES INC. COMMON P74823108 662500 40000 X 0 0 40000
SUN INTL HOTELS LTD. COMMON P8797T133 3911331 163821 X 140796 18400 4625
ROYAL CARIBBEAN CRUISES LT COMMON V7780T103 944915 21003 X 20858 145 0
=============
4,589,757,556
</TABLE>