<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: 6/30/99
CHECK HERE IF AMENDMENT (X); AMENDMENT NUMBER: 1
THIS AMENDMENT (CHECK ONLY ONE.): (X) IS A RESTATEMENT.
( ) ADDS NEW HOLDINGS ENTRIES
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: LYON STREET ASSET MANAGEMENT COMPANY
ADDRESS: 111 LYON ST
GRAND RAPIDS, MI 49503
13F FILE NUMBER: 28-7690
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: KEN KREI
TITLE: EXECUTIVE VICE PRESIDENT
PHONE: (616)653-3365
SIGNATURE, PLACE, AND DATE OF SIGNING:
/s/ KEN KREI GRAND RAPIDS, MI 6/30/99
REPORT TYPE (CHECK ONLY ONE.):
(X) 13F HOLDINGS REPORT
( ) 13F NOTICE
( ) 13F COMBINATION REPORT
<PAGE>
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER:
NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 1
FORM 13F INFORMATION TABLE ENTRY TOTAL: 980
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,504,192,608
LIST OF OTHER INCLUDED MANAGERS:
PROVIDE A NUMBERED LIST OF THE NAME(S) AND FORM 13F FILE NUMBER(S) OF ALL
INSTITUTIONAL INVESTMENT MANAGERS WITH RESPECT TO WHICH THIS REPORT IS FILED,
OTHER THAN THE MANAGER FILING THIS REPORT.
[IF THERE ARE NO ENTRIES IN THIS LIST, STATE "NONE" AND OMIT THE COLUMN HEADINGS
AND LIST ENTRIES.]
NO. FORM 13F FILE NUMBER NAME
1 28-1597 OLD KENT FINANCIAL CORPORATION
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGER SOLE SHARED NONE
- --------------------- ------------ --------- ------ ------- --- ---- ------- ------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
AAR CORP COMMON STOCK 000361105 979 43150 SH SHARED 43,150
ABM INDUSTRIES INC COMMON STOCK 000957100 1498 48800 SH SHARED 48,800
ACT NETWORKS, INC. COMMON STOCK 000975102 597 35000 SH SHARED 35,000
AFLAC INCORPORATED COMMON STOCK 001055102 1005 21000 SH SHARED 21,000
AES CORP COMMON STOCK 00130H105 884 15200 SH SHARED 15,200
AMR CORPORATION COMMON STOCK 001765106 2013 29500 SH SHARED 29,500
ARM FINANCIAL GROUP-A COMMON STOCK 001944107 650 76500 SH SHARED 76,500
AT&T CORP COMMON STOCK 001957109 31228 559521 SH SHARED 559,521
ABBOTT LABS COMMON STOCK 002824100 12189 267900 SH SHARED 267,900
ACCEPTANCE INSURANCE COMMON STOCK 04308102 572 38000 SH SHARED 38,000
ACCLAIM ENTERTAINMENT COMMON STOCK 004325205 449 70500 SH SHARED 70,500
ACUSON COMMON STOCK 005113105 1600 93100 SH SHARED 93,100
ACX TECH INC COMMON STOCK 005123104 731 45000 SH SHARED 45,000
ADOBE SYSTEMS INC COMMON STOCK 00724F101 403 4900 SH SHARED 4,900
ADVEST GROUP, INC. COMMON STOCK 007566102 469 23500 SH SHARED 23,500
ADVO INC. COMMON STOCK 007585102 1390 67000 SH SHARED 67,000
AEROFLEX INC. COMMON STOCK 007768104 790 40000 SH SHARED 40,000
ADVANCED MICRO DEVICES COMMON STOCK 007903107 208 11500 SH SHARED 11,500
AETNA COMMON STOCK COMMON STOCK 008117103 2126 23770 SH SHARED 23,770
AFFYMETRIX INC. COMMON STOCK 00826T108 2716 55000 SH SHARED 55,000
AIR PRODS & CHEMICAL COMMON STOCK 009158106 737 18300 SH SHARED 18,300
ALASKA AIRGROUP INC COMMON STOCK 011659109 1332 31900 SH SHARED 31,900
ALBANY INTL CORP. COMMON STOCK 012348108 1162 56000 SH SHARED 56,000
ALBERTO CULVER CO COMMON STOCK 013068101 762 28620 SH SHARED 28,620
ALBERTSONS INC COMMON STOCK 013104104 4186 81176 SH SHARED 81,176
ALCAN ALUMINUM LTD ADR COMMON STOCK 013716105 580 18150 SH SHARED 18,150
ALCOA INC. COMMON STOCK 013817101 4591 74200 SH SHARED 74,200
ALKERMES INC. COMMON STOCK 01642T108 1552 67100 SH SHARED 67,100
ALLEGHENY TELEDYNE INC COMMON STOCK 017415100 353 15620 SH SHARED 15,620
ALLEN TELECOM INC. COMMON STOCK 018091108 1078 100300 SH SHARED 100,300
ALLERGAN INC COMMON STOCK 018490102 588 5300 SH SHARED 5,300
ALLIANT TECHSYSTEMS COMMON STOCK 018804104 1765 20400 SH SHARED 20,400
ALLIED SIGNAL INC COMMON STOCK 019512102 6054 96100 SH SHARED 96,100
ALLSTATE CORP COMMON STOCK 020002101 6156 171598 SH SHARED 171,598
ALLTEL COMMON STOCK 020039103 1566 21900 SH SHARED 21,900
ALPHARMA INC-CL A COMMON STOCK 020813101 2134 60000 SH SHARED 60,000
ALZA COMMON STOCK 022615108 407 8000 SH SHARED 8,000
AMERADA HESS CORP COMMON STOCK 023551104 428 7200 SH SHARED 7,200
AMEREN CORPORATION COMMON STOCK 023608102 418 10900 SH SHARED 10,900
AMERICAN ONLINE COMMON STOCK 02364J104 18398 166500 SH SHARED 166,500
<PAGE>
AMERICA WEST HLDGS-B COMMON STOCK 023657208 1799 95300 SH SHARED 95,300
AMERICAN BUSINESS PROD COMMON STOCK 024763104 586 38400 SH SHARED 38,400
AMERICAN ELEC PWR INC COMMON STOCK 025537101 567 15100 SH SHARED 15,100
AMERICAN EXPRESS CO COMMON STOCK 025816109 10508 80750 SH SHARED 80,750
AMERICAN GENERAL CORP COMMON STOCK 026351106 3897 51698 SH SHARED 51,698
AMERICAN GREETINGS CO COMMON STOCK 026375105 172 5700 SH SHARED 5,700
AMERICAN HERITAGE LIFE COMMON STOCK 026522102 2788 113800 SH SHARED 113,800
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 12489 217200 SH SHARED 217,200
AMERICAN INT'L GROUP COMMON STOCK 026874107 23714 202574 SH SHARED 202,574
AMERICAN MOBLIE SAT. COMMON STOCK 02755R103 1531 93500 SH SHARED 93,500
AMER RETIREMENT CORP COMMON STOCK 028913101 459 36700 SH SHARED 36,700
AMERICREDIT COMMON STOCK 03060R101 3040 190000 SH SHARED 190,000
AMERITRADE HLDG CORP COMMON STOCK 03072H109 6360 60000 SH SHARED 60,000
AMERUS LIFE HOLDINGS-A COMMON STOCK 030732101 1350 50000 SH SHARED 50,000
AMERITECH CORP COMMON STOCK 030954101 14343 195148 SH SHARED 195,148
AMGEN, INC. COMMON STOCK 031162100 5394 88600 SH SHARED 88,600
AMSOUTH BANC CORPK COMMON STOCK 032165102 330 14250 SH SHARED 14,250
ANADARKO COMMON STOCK 032511107 353 9600 SH SHARED 9,600
ANALYSTS INTERNATIONAL COMMON STOCK 032681108 1189 82700 SH SHARED 82,700
ANDREW CORP COMMON STOCK 034425108 132 6955 SH SHARED 6,955
ANHEUSER BUSCH CO INC COMMON STOCK 035229103 5871 82770 SH SHARED 82,770
ANIXTER INTL INC COMMON STOCK 035290105 1478 81000 SH SHARED 81,000
ANNTAYLOR STORES CORP COMMON STOCK 036115103 2601 57800 SH SHARED 57,800
AON CORP. COMMON STOCK 037389103 2147 52050 SH SHARED 52,050
APACHE CORP COMMON STOCK 037411105 300 7700 SH SHARED 7,700
APPLE COMPUTER INC COMMON STOCK 037833100 505 10900 SH SHARED 10,900
APPLEBEE'S INT'L COMMON STOCK 037899101 1054 35000 SH SHARED 35,000
APRIA HEALTHCARE GROUP COMMON STOCK 037933108 2814 165500 SH SHARED 165,500
APPLIED IND TECH COMMON STOCK 03820C105 812 42725 SH SHARED 42,725
APPLIED MAGNETICS CORP COMMON STOCK 038213104 282 92011 SH SHARED 92,011
APPLIED MATERIALS INC COMMON STOCK 038222105 4514 61100 SH SHARED 61,100
APPLIED POWER INC. COMMON STOCK 038225108 2185 80000 SH SHARED 80,000
APPLIED MICRO CIRCUITS COMMON STOCK 03822W109 2468 30000 SH SHARED 30,000
AQUARION CO. COMMON STOCK 03838W101 761 21900 SH SHARED 21,900
ARCADIA FINANCIAL LTD COMMON STOCK 039101100 1058 136500 SH SHARED 136,500
ARCHER-DANIELS-MIDLAND COMMON STOCK 039483102 728 47166 SH SHARED 47,166
ARDENT SOFTWARE INC. COMMON STOCK 039794102 655 30800 SH SHARED 30,800
ARMCO INC COMMON STOCK 042170100 1518 229200 SH SHARED 229,200
ARMSTRONG WRLD INDUST COMMON STOCK 042476101 185 3200 SH SHARED 3,200
ARTESYN TECHNOLOGIES COMMON STOCK 043127109 1966 88600 SH SHARED 88,600
ARVIN INDUSTRIES INC COMMON STOCK 043339100 1773 46800 SH SHARED 46,800
ASARCO INC COMMON STOCK 043413103 60 3200 SH SHARED 3,200
ASHLAND INC COMMON STOCK 044204105 1093 27250 SH SHARED 27,250
ASSOCIA FIRST CAP-A COMMON STOCK 046008108 5250 118468 SH SHARED 118,468
ATLANTIC RICHFIELD CO. COMMON STOCK 048825103 4496 53800 SH SHARED 53,800
ATLAS AIR, INC. COMMON STOCK 049164106 1451 45000 SH SHARED 45,000
ATMOS ENERGY CORP. COMMON STOCK 049560105 829 33150 SH SHARED 33,150
ATWOOD OCEANICS COMMON STOCK 050095108 1063 34000 SH SHARED 34,000
AUTHENTIC FITNESS CORP COMMON STOCK 052661105 875 50000 SH SHARED 50,000
<PAGE>
AUTO DESK COMMON STOCK 052769106 139 4700 SH SHARED 4,700
AUTOMATIC DATA PROC COMMON STOCK 053015103 6756 153540 SH SHARED 153,540
AUTOZONE COMMON STOCK 053332102 362 12000 SH SHARED 12,000
AVERY DENNISON CORP COMMON STOCK 053611109 561 9300 SH SHARED 9,300
AVIATION SALES CO. COMMON STOCK 053672101 644 16300 SH SHARED 16,300
AVON PRODUCTS COMMON STOCK 054303102 1160 20900 SH SHARED 20,900
AZTAR CORP. COMMON STOCK 054802103 959 104400 SH SHARED 104,400
BB&T CORP COMMON STOCK 054937107 910 24800 SH SHARED 24,800
BMC INDUSTRIES INC. COMMON STOCK 055607105 908 88000 SH SHARED 88,000
BMC SOFTWARE COMMON STOCK 055921100 1015 18800 SH SHARED 18,800
BAKER HUGHES COMMON STOCK 057224107 874 26080 SH SHARED 26,080
BALDOR ELECTRIC CO. COMMON STOCK 057741100 1511 76000 SH SHARED 76,000
BALL CORPORATION COMMON STOCK 058498106 106 2500 SH SHARED 2,500
BALLARD MEDICAL PRODS COMMON STOCK 058566100 2142 91900 SH SHARED 91,900
BANCORPSOUTH INC COMMON STOCK 059692103 2519 139000 SH SHARED 139,000
BANCTEC INC COMMON STOCK 059784108 1413 78800 SH SHARED 78,800
BANK OF AMERICA CORP. COMMON STOCK 060505104 21410 292042 SH SHARED 292,042
BANK OF NEW YORK INC COMMON STOCK 064057102 4901 133600 SH SHARED 133,600
BANK ONE CORP COMMON STOCK 06423A103 12905 216657 SH SHARED 216,657
BANKBOSTON CORP. COMMON STOCK 06605R106 2868 56100 SH SHARED 56,100
BANKNORTH GROUP, INC. COMMON STOCK 06646L100 2145 65000 SH SHARED 65,000
BARD C.R. INC COMMON STOCK 067383109 1367 28600 SH SHARED 28,600
BARNES GROUP, INC. COMMON STOCK 067806109 916 42100 SH SHARED 42,100
BARRICK GOLD CORP ADR COMMON STOCK 067901108 1677 86550 SH SHARED 86,550
BATTLE MOUNTAIN GOLD COMMON STOCK 071593107 46 18700 SH SHARED 18,700
BAUSCH & LOMB INC COMMON STOCK 071707103 344 4500 SH SHARED 4,500
BAXTER INTERNATIONAL COMMON STOCK 071813109 2971 49000 SH SHARED 49,000
BEAR STEARNS COMPANIES COMMON STOCK 073902108 414 8850 SH SHARED 8,850
BECTON DICKINSON & CO COMMON STOCK 075887109 1557 51900 SH SHARED 51,900
BELDEN INC COMMON STOCK 077459105 1080 45100 SH SHARED 45,100
BELL & HOWELL CO. COMMON STOCK 077852101 3169 83800 SH SHARED 83,800
BELL ATLANTIC COMMON STOCK 077853109 17196 263040 SH SHARED 263,040
BELLSOUTH CORP COMMON STOCK 079860102 16134 344200 SH SHARED 344,200
BEMIS CO. COMMON STOCK 081437105 163 4100 SH SHARED 4,100
BERRY PETROLEUM CLAS COMMON STOCK 085789105 672 48200 SH SHARED 48,200
BEST BUY COMMON STOCK 086516101 0 1000 SH SHARED 1,000
BESTFOODS COMMON STOCK 08658U101 2416 48800 SH SHARED 48,800
BETHLEHEM STEEL CORP COMMON STOCK 087509105 81 10500 SH SHARED 10,500
BEVERLY ENT INC. COMMON STOCK 087851309 2701 335000 SH SHARED 335,000
BIG FLOWER HLDGS INC COMMON STOCK 089159107 1227 38500 SH SHARED 38,500
BINDLEY WESTERN IND COMMON STOCK 090324104 1630 70667 SH SHARED 70,667
BIOMATRIX INC COMMON STOCK 09060P102 865 40000 SH SHARED 40,000
BIOMET COMMON STOCK 090613100 1089 27400 SH SHARED 27,400
BLACK AND DECKER CORP COMMON STOCK 091797100 1502 23800 SH SHARED 23,800
BLACK HILLS CORP. COMMON STOCK 092113109 691 29900 SH SHARED 29,900
BLANCH (E.W.) HOLDINGS COMMON STOCK 093210102 2728 40000 SH SHARED 40,000
H & R BLOCK COMMON STOCK 093671105 390 7800 SH SHARED 7,800
BOEING COMPANY COMMON STOCK 097023105 7140 161592 SH SHARED 161,592
BOISE CASCADE CORP COMMON STOCK 097383103 198 4608 SH SHARED 4,608
<PAGE>
BOMBAY COMPANY INC COMMON STOCK 097924104 627 81500 SH SHARED 81,500
BORG-WARNER SEC CORP COMMON STOCK 099733107 855 42100 SH SHARED 42,100
BOSTON SCIENTIFIC CORP COMMON STOCK 101137107 1375 31300 SH SHARED 31,300
BRIGGS & STRATTON CORP COMMON STOCK 109043109 110 1900 SH SHARED 1,900
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 25280 358900 SH SHARED 358,900
BROADVISION COMMON STOCK 111412102 1844 25000 SH SHARED 25,000
BROWN-FORMAN CORP COMMON STOCK 115637209 359 5500 SH SHARED 5,500
BROWN SHOE COMPANY INC COMMON STOCK 115736100 1083 49800 SH SHARED 49,800
BROWNING-FERRIS IND COMMON STOCK 115885105 538 12500 SH SHARED 12,500
BRUNSWICK CORP COMMON STOCK 117043109 201 7200 SH SHARED 7,200
BRUSH WELLMAN COMMON STOCK 117421107 678 37400 SH SHARED 37,400
BUCKEYE TECHNOLOGIES COMMON STOCK 118255108 1162 76500 SH SHARED 76,500
THE BUCKLE COMMON STOCK 118440106 667 23000 SH SHARED 23,000
BUDGET GROUP INC-CL A COMMON STOCK 119003101 672 54600 SH SHARED 54,600
BURLINGTON COAT FAC W COMMON STOCK 121579106 1072 55500 SH SHARED 55,500
BURLINGTON IND INC COMMON STOCK 121693105 906 100000 SH SHARED 100,000
BURL NORTH SANTA FE COMMON STOCK 12189T104 1159 37400 SH SHARED 37,400
BURLINGTON COMMON STOCK 122014103 613 14165 SH SHARED 14,165
BUSH BOAKE ALLN COMMON STOCK 123162109 579 19800 SH SHARED 19,800
C&D TECH INC COMMON STOCK 124661109 1240 40500 SH SHARED 40,500
CB RICHARD ELLIS SERVS COMMON STOCK 12489L108 1095 44000 SH SHARED 44,000
CBS CORPORATION COMMON STOCK 12490K107 2446 56300 SH SHARED 56,300
CDI CORP. COMMON STOCK 125071100 1192 35000 SH SHARED 35,000
CIGNA CORP COMMON STOCK 125509109 3618 40650 SH SHARED 40,650
CLECO CORP. COMMON STOCK 12561M107 1145 37700 SH SHARED 37,700
CMP GROUP INC. COMMON STOCK 125887109 1446 55200 SH SHARED 55,200
CMS ENERGY CORPORATION COMMON STOCK 125896100 377 9000 SH SHARED 9,000
CSG SYSTEMS INTL COMMON STOCK 126349109 1309 50000 SH SHARED 50,000
CSX CORP COMMON STOCK 126408103 1691 37308 SH SHARED 37,308
CTS CORP. COMMON STOCK 126501105 3150 45000 SH SHARED 45,000
CVS CORPORATION COMMON STOCK 126650100 1590 31100 SH SHARED 31,100
CABLETRON SYSTEMS COMMON STOCK 126920107 174 13400 SH SHARED 13,400
CABLE DESIGN TECH COMMON STOCK 126924109 993 64300 SH SHARED 64,300
CABOT OIL & GAS CORP COMMON STOCK 127097103 831 44600 SH SHARED 44,600
CAMPBELL SOUP CO COMMON STOCK 134429109 3657 81500 SH SHARED 81,500
CAPITAL ONE FINANCIAL COMMON STOCK 14040H105 869 15600 SH SHARED 15,600
CARDINAL HEALTH COMMON STOCK 14149Y108 2982 46500 SH SHARED 46,500
CARMIKE CINEMAS, INC COMMON STOCK 143436103 512 32100 SH SHARED 32,100
CARNIVAL CRUISE LINES COMMON STOCK 143658102 2299 47400 SH SHARED 47,400
CAROLINA POWER LIGHT COMMON STOCK 144141108 518 12100 SH SHARED 12,100
CARPENTER TECHNOLOGY COMMON STOCK 144285103 1194 41800 SH SHARED 41,800
CARTER-WALLACE INC COMMON STOCK 146285101 1819 100000 SH SHARED 100,000
CASE CORPORATION COMMON STOCK 14743R103 289 6000 SH SHARED 6,000
CASH AMERICA INTL COMMON STOCK 14754D100 720 55900 SH SHARED 55,900
CATALINA MARKETING COMMON STOCK 148867104 4692 51000 SH SHARED 51,000
CATERPILLAR INC COMMON STOCK 149123101 3816 63600 SH SHARED 63,600
CENDANT CORPORATION COMMON STOCK 151313103 2792 136219 SH SHARED 136,219
CENTEX CORPORATON COMMON STOCK 152312104 180 4800 SH SHARED 4,800
CENTEX CONSTR PRODU COMMON STOCK 15231R109 1276 37400 SH SHARED 37,400
<PAGE>
CENTRAL & SOUTH WEST COMMON STOCK 152357109 395 16900 SH SHARED 16,900
CENTRAL HUDSON GAS/EL COMMON STOCK 153609102 1235 29400 SH SHARED 29,400
CENTURYTEL INC. COMMON STOCK 156700106 433 10900 SH SHARED 10,900
CERIDAN CORP. COMMON STOCK 15677T106 373 11400 SH SHARED 11,400
CERNER CORPORATION COMMON STOCK 156782104 1782 85000 SH SHARED 85,000
CHAMPION INTERNATIONAL COMMON STOCK 158525105 364 7600 SH SHARED 7,600
CHART INDUSTRIES, INC. COMMON STOCK 16115Q100 412 53100 SH SHARED 53,100
CHASE MANHATTAN CORP COMMON STOCK 16161A108 13108 151316 SH SHARED 151,316
CHECKFREE HLDGS CORP. COMMON STOCK 162816102 882 32000 SH SHARED 32,000
CHECKPOINT SYS INC. COMMON STOCK 162825103 433 48400 SH SHARED 48,400
CHESAPEAKE CORP. COMMON STOCK 165159104 1879 50200 SH SHARED 50,200
CHEVRON CORPORATION COMMON STOCK 166751107 11156 117200 SH SHARED 117,200
CHOICEPOINT INC COMMON STOCK 170388102 2658 39600 SH SHARED 39,600
CHUBB CORPORATION COMMON STOCK 171232101 1981 28500 SH SHARED 28,500
CHURCH AND DWIGHT, INC COMMON STOCK 171340102 2384 54800 SH SHARED 54,800
CILCORP, INC. COMMON STOCK 171794100 1575 25200 SH SHARED 25,200
CINCINNATI FINANCIAL COMMON STOCK 172062101 500 13300 SH SHARED 13,300
CINERGY CORP COMMON STOCK 172474108 404 12635 SH SHARED 12,635
CIRCUIT CITY STORES COMMON STOCK 172737108 744 8000 SH SHARED 8,000
CISCO SYSTEMS COMMON STOCK 17275R102 34825 541500 SH SHARED 541,500
CITIGROUP INC. COMMON STOCK 172967101 28150 592641 SH SHARED 592,641
CLAIRE'S STORES INC. COMMON STOCK 179584107 2621 102300 SH SHARED 102,300
CLARCOR INC COMMON STOCK 179895107 737 38400 SH SHARED 38,400
CLEAR CHANNEL COMM COMMON STOCK 184502102 3244 47050 SH SHARED 47,050
CLEVELAND CLIFFS, INC. COMMON STOCK 185896107 460 14200 SH SHARED 14,200
CLOROX, INC. COMMON STOCK 189054109 993 9300 SH SHARED 9,300
COACH USA INC COMMON STOCK 18975L106 1510 36000 SH SHARED 36,000
COASTAL CORP COMMON STOCK 190441105 676 16900 SH SHARED 16,900
COCA COLA CO. COMMON STOCK 191216100 25225 403600 SH SHARED 403,600
COCA COLA ENTERPRISES COMMON STOCK 191219104 1039 33800 SH SHARED 33,800
COHERENT, INC. COMMON STOCK 192479103 1563 83900 SH SHARED 83,900
COLE (KENNETH) PROD COMMON STOCK 193294105 641 23000 SH SHARED 23,000
COLGATE PALMOLIVE COMMON STOCK 194162103 4886 49478 SH SHARED 49,478
COLLINS & AIKMA COMMON STOCK 194830105 762 99900 SH SHARED 99,900
COLUMBIA GAS COMMON STOCK 197648108 1414 22550 SH SHARED 22,550
COLUMBIA HCA HLTHCARE COMMON STOCK 197677107 1174 51449 SH SHARED 51,449
COMCAST CORP SPECIAL COMMON STOCK 200300200 4832 125700 SH SHARED 125,700
COMERICA INC COMMON STOCK 200340107 1536 25850 SH SHARED 25,850
COMMERCE BANCORP/NJ COMMON STOCK 200519106 3304 77286 SH SHARED 77,286
COMMERCIAL INTERTECH COMMON STOCK 201709102 560 35150 SH SHARED 35,150
COMMERCIAL METALS CO. COMMON STOCK 201723103 1004 35233 SH SHARED 35,233
COMMONWEALTH ENERGY COMMON STOCK 202800108 1260 30000 SH SHARED 30,000
COMMUNITY BANK SYSTEM COMMON STOCK 203607106 678 27000 SH SHARED 27,000
COMMUNITY FIRST COMMON STOCK 203902101 4059 170000 SH SHARED 170,000
COMPAQ COMPUTER CORP COMMON STOCK 204493100 6811 287548 SH SHARED 287,548
COMPUTER ASSOCIATES COMMON STOCK 204912109 5512 100218 SH SHARED 100,218
COMPUTER SCIENCE COMMON STOCK 205363104 1882 27200 SH SHARED 27,200
COMPUTER TASK GROUP COMMON STOCK 205477102 1131 66500 SH SHARED 66,500
COMPUWARE CORP. COMMON STOCK 205638109 932 29300 SH SHARED 29,300
CONAGRA, INC. COMMON STOCK 205887102 2824 106050 SH SHARED 106,050
<PAGE>
CONCENTRIC NETWORK COMMON STOCK 20589R107 676 17000 SH SHARED 17,000
COMP HORIZONS COMMON STOCK 205908106 456 33000 SH SHARED 33,000
CONMED COMMON STOCK 207410101 1531 50000 SH SHARED 50,000
CONNECTICUT ENERGY COMMON STOCK 207567108 594 15400 SH SHARED 15,400
CONSECO INC COMMON STOCK 208464107 2087 68564 SH SHARED 68,564
CONSOLIDATED EDISON COMMON STOCK 209115104 2674 59100 SH SHARED 59,100
CONSOLIDATED GRAPHICS COMMON STOCK 209341106 1325 26500 SH SHARED 26,500
CONSOLIDATED NAT GAS COMMON STOCK 209615103 1361 22400 SH SHARED 22,400
CONSOLIDATED STORES COMMON STOCK 210149100 232 8600 SH SHARED 8,600
CONSTELLATION ENER GP COMMON STOCK 210371100 353 11900 SH SHARED 11,900
COOPER COS., INC. COMMON STOCK 216648402 1160 46500 SH SHARED 46,500
COOPER INDUSTRIES INC COMMON STOCK 216669101 426 8200 SH SHARED 8,200
COOPER TIRE COMMON STOCK 216831107 142 6000 SH SHARED 6,000
COORS ADOLPH CO COMMON STOCK 217016104 144 2900 SH SHARED 2,900
CORAM HEALTHCARE CORP. COMMON STOCK 218103109 242 138200 SH SHARED 138,200
CORNING INC COMMON STOCK 219350105 1297 18500 SH SHARED 18,500
CORT BUSINESS SERV COMMON STOCK 220493100 1036 43300 SH SHARED 43,300
COSTCO COMPANIES INC. COMMON STOCK 22160Q102 1389 17350 SH SHARED 17,350
COUNTRY WIDE IND COMMON STOCK 222372104 385 9000 SH SHARED 9,000
CRANE COMPANY COMMON STOCK 224399105 171 5425 SH SHARED 5,425
CREATIVE BIOMOLECULES COMMON STOCK 225270107 389 107300 SH SHARED 107,300
CROSS TIMBERS OIL CO. COMMON STOCK 227573102 1247 83850 SH SHARED 83,850
CROWN CORK AND SEAL CO COMMON STOCK 228255105 276 9700 SH SHARED 9,700
CRYOLIFE COMMON STOCK 228903100 391 31900 SH SHARED 31,900
CUMMINS ENGINE INC COMMON STOCK 231021106 194 3400 SH SHARED 3,400
CURATIVE TECH COMMON STOCK 231264102 222 40300 SH SHARED 40,300
CYPRESS SEMICONDUCTOR COMMON STOCK 232806109 5417 328300 SH SHARED 328,300
CYPRUS AMAX MINERALS COMMON STOCK 232809103 671 44200 SH SHARED 44,200
DBT ONLINE INC. COMMON STOCK 233044106 2214 67600 SH SHARED 67,600
D. R. HORTON INC COMMON STOCK 23331A109 888 53400 SH SHARED 53,400
DSP COMMUNICATIONS INC COMMON STOCK 23332K106 1949 67500 SH SHARED 67,500
DETROIT EDISON COMPANY COMMON STOCK 233331107 1412 35300 SH SHARED 35,300
DVI, INC. COMMON STOCK 233343102 680 39700 SH SHARED 39,700
DAIN RAUSCHER CORP. COMMON STOCK 233856103 2165 40000 SH SHARED 40,000
DAISYTEK INTL CORP COMMON STOCK 234053106 555 34000 SH SHARED 34,000
DAL-TILE INTERNATIONAL COMMON STOCK 23426R108 806 70900 SH SHARED 70,900
DANA CORP COMMON STOCK 235811106 1565 33982 SH SHARED 33,982
DANAHER CORP. COMMON STOCK 235851102 622 10700 SH SHARED 10,700
DARDEN RESTAURANT CO COMMON STOCK 237194105 240 11000 SH SHARED 11,000
DATA GENERAL COMMON STOCK 237688106 2247 154300 SH SHARED 154,300
DAYTON HUDSON COMMON STOCK 239753106 6247 96100 SH SHARED 96,100
DEERE & COMPANY COMMON STOCK 244199105 753 19000 SH SHARED 19,000
DELL COMPUTER CORP COMMON STOCK 247025109 15459 417800 SH SHARED 417,800
DELPHI AUTOMOTIVE SYS COMMON STOCK 247126105 1617 87124 SH SHARED 87,124
DELPHI FINANCIAL GROUP COMMON STOCK 247131105 1830 51000 SH SHARED 51,000
DELTA AIR LINES INC COMMON STOCK 247361108 1510 26200 SH SHARED 26,200
DELUXE CORP COMMON STOCK 248019101 249 6400 SH SHARED 6,400
DEPARTMENT 56 COMMON STOCK 249509100 1344 50000 SH SHARED 50,000
DETROIT DIESEL CORP. COMMON STOCK 250837101 1108 45000 SH SHARED 45,000
<PAGE>
DIAGNOSTIC PRODUCTS COMMON STOCK 252450101 1216 44000 SH SHARED 44,000
DILLARDS INC. CLASS A COMMON STOCK 254067101 299 8500 SH SHARED 8,500
DIONEX CORP. COMMON STOCK 254546104 3098 76500 SH SHARED 76,500
WALT DISNEY COMMON STOCK 254687106 10549 342355 SH SHARED 342,355
DOCUMENTUM INC COMMON STOCK 256159104 270 20700 SH SHARED 20,700
DOLLAR GENERAL COMMON STOCK 256669102 513 17687 SH SHARED 17,687
DOMINION RESCS OF VA COMMON STOCK 257470104 2202 50850 SH SHARED 50,850
R.R. DONNELLEY CO. COMMON STOCK 257867101 393 10600 SH SHARED 10,600
DOUBLECLICK INC COMMON STOCK 258609304 2425 26500 SH SHARED 26,500
DOVER CORP COMMON STOCK 260003108 681 17800 SH SHARED 17,800
DOW CHEMICAL COMPANY COMMON STOCK 260543103 5456 43000 SH SHARED 43,000
DOW JONES AND COMPANY COMMON STOCK 260561105 398 7500 SH SHARED 7,500
DOWNEY FINANCIAL CORP COMMON STOCK 261018105 2209 100686 SH SHARED 100,686
DU PONT E I DE NEMOURS COMMON STOCK 263534109 12610 184600 SH SHARED 184,600
DUKE ENERGY CORP. COMMON STOCK 264399106 4040 74306 SH SHARED 74,306
DUN & BRADSTREET NEW COMMON STOCK 26483B106 467 13165 SH SHARED 13,165
DURA PHARMACEUTICALS COMMON STOCK 26632S109 239 25000 SH SHARED 25,000
DYCOM COMMON STOCK 267475101 1310 23400 SH SHARED 23,400
E G AND G INC COMMON STOCK 268457108 5297 148700 SH SHARED 148,700
EMC CORPORATION COMMON STOCK 268648102 8030 146000 SH SHARED 146,000
E*TRADE GROUP INC COMMON STOCK 269246104 4992 125000 SH SHARED 125,000
EAGLE GEOPHYSICAL INC. COMMON STOCK 269524104 0 2 SH SHARED 2
EARTHGRAINS CO. COMMON STOCK 270319106 1549 60000 SH SHARED 60,000
EARTHLINK NETWORK, INC COMMON STOCK 270322100 829 13500 SH SHARED 13,500
EASTERN ENTERPRISES COMMON STOCK 27637F100 1173 29500 SH SHARED 29,500
EASTERN UTIL ASSOC COMMON STOCK 277173100 763 26200 SH SHARED 26,200
EASTMAN CHEMICAL CO. COMMON STOCK 277432100 326 6300 SH SHARED 6,300
EASTMAN KODAK COMPANY COMMON STOCK 277461109 3709 54750 SH SHARED 54,750
EATON CORP COMMON STOCK 278058102 524 5700 SH SHARED 5,700
EATON VANCE COMMON STOCK 278265103 3444 100000 SH SHARED 100,000
ECHOSTAR COMMUN COMMON STOCK 278762109 1534 10000 SH SHARED 10,000
ECOLAB INC COMMON STOCK 278865100 449 10300 SH SHARED 10,300
EDISON INTL. COMMON STOCK 281020107 752 28100 SH SHARED 28,100
ELCOR CORP. COMMON STOCK 284443108 1619 37050 SH SHARED 37,050
ELECTRO SCIENTIFIC IND COMMON STOCK 285229100 1542 36900 SH SHARED 36,900
ELECTRONIC DATA SYS COMMON STOCK 285661104 2223 39300 SH SHARED 39,300
EMERSON ELEC CO COM COMMON STOCK 291011104 5181 82400 SH SHARED 82,400
ENERGEN CORP. COMMON STOCK 29265N108 954 51200 SH SHARED 51,200
ENGELHARD CORP COMMON STOCK 292845104 259 11437 SH SHARED 11,437
ENESCO GROUP INC. COMMON STOCK 292973104 1191 51500 SH SHARED 51,500
ENHANCE FINANCIAL SERV COMMON STOCK 293310108 2489 126000 SH SHARED 126,000
ENRON CORP COMMON STOCK 293561106 4713 57650 SH SHARED 57,650
ENTERGY CORP COMMON STOCK 29364G103 2003 64100 SH SHARED 64,100
EPICOR SOFTWARE CORP. COMMON STOCK 29426L108 615 82700 SH SHARED 82,700
EQUIFAX INC COMMON STOCK 294429105 418 11700 SH SHARED 11,700
ESTERLINE TECHNOLOGIES COMMON STOCK 297425100 805 56000 SH SHARED 56,000
EVEREN CAPITAL CORP COMMON STOCK 299761106 2236 75000 SH SHARED 75,000
EXCALIBUT TECH COMMON STOCK 300651205 855 60000 SH SHARED 60,000
EXODUS COMMUNICATIONS COMMON STOCK 302088109 2519 21000 SH SHARED 21,000
<PAGE>
EXPRESS SCRIPTS INC A COMMON STOCK 302182100 722 12000 SH SHARED 12,000
EXXON CORP. COMMON STOCK 302290101 31290 405700 SH SHARED 405,700
F & M NATIONAL CORP. COMMON STOCK 302374103 2416 72800 SH SHARED 72,800
FBL FINL GRP-A COMMON STOCK 30239F106 2336 119800 SH SHARED 119,800
FMC CORP COMMON STOCK 302491303 178 2600 SH SHARED 2,600
FPIC INSURANCE GROUP COMMON STOCK 302563101 1567 32300 SH SHARED 32,300
FPL GROUP INC COMMON STOCK 302571104 2406 44050 SH SHARED 44,050
FACTSET RESEARCH SYS COMMON STOCK 303075105 3406 60150 SH SHARED 60,150
FAIR ISSAC & CO. INC. COMMON STOCK 303250104 1343 38300 SH SHARED 38,300
FAIRCHILD CORP.CL A COMMON STOCK 303698104 697 54630 SH SHARED 54,630
FDX CORP. COMMON STOCK 31304N107 2811 51820 SH SHARED 51,820
FEDERAL HOME LOAN COMMON STOCK 313400301 6711 115700 SH SHARED 115,700
FED NATL MTG ASSN COMMON STOCK 313586109 13036 190650 SH SHARED 190,650
FEDERAL SIGNAL CORP COMMON STOCK 313855108 1386 65400 SH SHARED 65,400
FEDERATED DEPT STORES COMMON STOCK 31410H101 1916 36200 SH SHARED 36,200
FIDELITY NATIONAL FINL COMMON STOCK 316326107 1266 60278 SH SHARED 60,278
FIFTH THIRD BANCORP COMMON STOCK 316773100 3015 45300 SH SHARED 45,300
FIRST AMERICAN FINL COMMON STOCK 318522307 1073 60000 SH SHARED 60,000
FIRSTBANK PUERTO RICO COMMON STOCK 318672102 2511 111300 SH SHARED 111,300
FIRST COMMONWEALTH FIN COMMON STOCK 319829107 1891 79200 SH SHARED 79,200
FIRST DATA COMMON STOCK 319963104 3700 75600 SH SHARED 75,600
FIRST MIDWEST BANCORP COMMON STOCK 320867104 2858 71900 SH SHARED 71,900
FIRST REPUBLIC BANK COMMON STOCK 336158100 964 33326 SH SHARED 33,326
FIRST UNION COMMON STOCK 337358105 8083 171970 SH SHARED 171,970
FIRSTAR CORP COMMON STOCK 33763V109 1540 55000 SH SHARED 55,000
FIRSTFED FINL CORP COMMON STOCK 337907109 1348 70000 SH SHARED 70,000
FIRST ENERGY CORP COMMON STOCK 337932107 1260 40650 SH SHARED 40,650
FLEET FINANCIAL GR INC COMMON STOCK 338915101 4216 95014 SH SHARED 95,014
FLEETWOOD ENTERPRISES COMMON STOCK 339099103 74 2800 SH SHARED 2,800
FLOR EAST COAST INDS COMMON STOCK 340632108 1637 37000 SH SHARED 37,000
FLORIDA PROGRESS CORP COMMON STOCK 341109106 322 7800 SH SHARED 7,800
FLUOR COMMON STOCK 343861100 243 6000 SH SHARED 6,000
FOODMAKER, INC. COMMON STOCK 344839204 2838 100000 SH SHARED 100,000
FOOTSTAR INC. COMMON STOCK 344912100 2585 69500 SH SHARED 69,500
FORD MOTOR CO DEL COMMON STOCK 345370100 11953 211800 SH SHARED 211,800
FOREMOST CP AM COMMON STOCK 345469100 1430 65000 SH SHARED 65,000
FOREST OIL CORP. COMMON STOCK 346091606 813 64700 SH SHARED 64,700
FORT JAMES CORP. COMMON STOCK 347471104 1733 45750 SH SHARED 45,750
FORTUNE BRANDS INC. COMMON STOCK 349631101 563 13600 SH SHARED 13,600
FOSTER WHEELER CORP COMMON STOCK 350244109 47 3300 SH SHARED 3,300
FRANKLIN COVEY CO. COMMON STOCK 353469109 511 69300 SH SHARED 69,300
FRANKLIN RES INC COMMON STOCK 354613101 817 20100 SH SHARED 20,100
FREEPORT-MCMORAN-COP COMMON STOCK 35671D857 761 42450 SH SHARED 42,450
FRONTIER CORP COMMON STOCK 35906P105 808 13700 SH SHARED 13,700
FRONTIER INSURANCE GR COMMON STOCK 359081106 1538 100000 SH SHARED 100,000
FURON CO. COMMON STOCK 361106107 652 34300 SH SHARED 34,300
GENERAL PUBLIC UTIL COMMON STOCK 36225X100 430 10200 SH SHARED 10,200
GTE CORP. COMMON STOCK 362320103 11872 156850 SH SHARED 156,850
ARTHUR J GALLAGHER COMMON STOCK 363576109 2925 59100 SH SHARED 59,100
<PAGE>
GANNETT INC COMMON STOCK 364730101 4183 58600 SH SHARED 58,600
GAP INC COMMON STOCK 364760108 7392 146738 SH SHARED 146,738
GATEWAY INC. COMMON STOCK 367626108 738 12500 SH SHARED 12,500
GENCORP, INC COMMON STOCK 368682100 1535 60800 SH SHARED 60,800
GENERAL CABLE CORP COMMON STOCK 369300108 1245 77800 SH SHARED 77,800
GENERAL DYNAMICS CORP COMMON STOCK 369550108 692 10100 SH SHARED 10,100
GENERAL ELECTRIC CO COMMON STOCK 369604103 63291 560100 SH SHARED 560,100
GENERAL INSTRUMENT COMMON STOCK 370120107 570 13400 SH SHARED 13,400
GENERAL MILLS, INC. COMMON STOCK 370334104 2781 34600 SH SHARED 34,600
GENERAL MOTORS CORP COMMON STOCK 370442105 7755 117500 SH SHARED 117,500
GENERAL SEMI CONDUCTOR COMMON STOCK 370787103 1247 136700 SH SHARED 136,700
GENESCO, INC. COMMON STOCK 371532102 808 55500 SH SHARED 55,500
GENESIS HEALTH COMMON STOCK 371912106 338 112800 SH SHARED 112,800
GENRAD, INC. COMMON STOCK 372447102 2063 99100 SH SHARED 99,100
GENUINE PARTS CO COMMON STOCK 372460105 1436 41025 SH SHARED 41,025
GEON COMPANY COMMON STOCK 37246W105 1616 50100 SH SHARED 50,100
GEORGIA PAC CORP COMMON STOCK 373298108 663 14000 SH SHARED 14,000
GERBER SCIENTIFIC COMMON STOCK 373730100 1913 86700 SH SHARED 86,700
GILLETTE CO. COMMON STOCK 375766102 7945 193776 SH SHARED 193,776
GLOBAL INDUSTRIAL TECH COMMON STOCK 379335102 638 52900 SH SHARED 52,900
GOLDEN WEST FIN CORP COMMON STOCK 381317106 441 4500 SH SHARED 4,500
GOODRICH B F CO COMMON STOCK 382388106 893 21000 SH SHARED 21,000
GOODYEAR TIRE COMMON STOCK 382550101 1706 29000 SH SHARED 29,000
W.R. GRACE & CO. NEW COMMON STOCK 38388F108 114 6200 SH SHARED 6,200
GRACO, INC. COMMON STOCK 384109104 1366 46500 SH SHARED 46,500
GRAINGER W.W. INC. COMMON STOCK 384802104 409 7600 SH SHARED 7,600
GRANITE COMMON STOCK 387328107 1252 42700 SH SHARED 42,700
GREAT ATLNTIC/PACIFIC COMMON STOCK 390064103 105 3100 SH SHARED 3,100
GREAT LAKES CHEMICAL COMMON STOCK 390568103 1340 29100 SH SHARED 29,100
GRIFFON CORP. COMMON STOCK 398433102 326 41700 SH SHARED 41,700
GUIDANT CORP COMMON STOCK 401698105 3338 64900 SH SHARED 64,900
GUILFORD MILLS INC COMMON STOCK 401794102 496 47550 SH SHARED 47,550
GUILFORD PHARMAC COMMON STOCK 401829106 799 62700 SH SHARED 62,700
HCC INSURANCE HOLDINGS COMMON STOCK 404132102 3033 133700 SH SHARED 133,700
HCR MANOR CARE INC. COMMON STOCK 404134108 213 8800 SH SHARED 8,800
HS RESOURCES, INC. COMMON STOCK 404297103 423 28700 SH SHARED 28,700
HA-LO INDUSTRIES COMMON STOCK 404429102 809 81900 SH SHARED 81,900
HADCO CORP COMMON STOCK 404681108 1546 38900 SH SHARED 38,900
HAEMONETICS CP COMMON STOCK 405024100 1741 86800 SH SHARED 86,800
HALLIBURTON CO COMMON STOCK 406216101 3873 85600 SH SHARED 85,600
HAMBRECHT & QUIST COMMON STOCK 406545103 3256 87700 SH SHARED 87,700
HANDLEMAN CO DEL COMMON STOCK 410252100 873 73900 SH SHARED 73,900
HANOVER COMPRESSOR CO COMMON STOCK 410768105 1854 57700 SH SHARED 57,700
HARCOURT GEN INC COMMON STOCK 41163G101 290 5616 SH SHARED 5,616
JOHN HARLAND CO COMMON STOCK 412693103 1254 62900 SH SHARED 62,900
HARMAN INTL COMMON STOCK 413086109 2212 50280 SH SHARED 50,280
HARRAH'S ENTERTAIN INC COMMON STOCK 413619107 222 10100 SH SHARED 10,100
HARRIS CORP COMMON STOCK 413875105 839 21400 SH SHARED 21,400
HARTFORD FINANCIAL SVC COMMON STOCK 416515104 1085 18600 SH SHARED 18,600
<PAGE>
HASBRO INC COMMON STOCK 418056107 1362 48750 SH SHARED 48,750
HEALTHSOUTH CORP COMMON STOCK 421924101 1555 104100 SH SHARED 104,100
HEALTHPLAN SERVICES COMMON STOCK 421959107 308 45200 SH SHARED 45,200
HEALTHCARE FINL PTNS COMMON STOCK 42219W108 1185 34600 SH SHARED 34,600
HEILIG MEYERS COMMON STOCK 422893107 878 128900 SH SHARED 128,900
H.J. HEINZ COMMON STOCK 423074103 3674 73291 SH SHARED 73,291
HELMERICH & PAYNE INC. COMMON STOCK 423452101 98 4100 SH SHARED 4,100
HERCULES INC. COMMON STOCK 427056106 1162 29550 SH SHARED 29,550
HERSHEY FOODS CORP COMMON STOCK 427866108 677 11400 SH SHARED 11,400
HEWLETT PACKARD COMMON STOCK 428236103 18381 182900 SH SHARED 182,900
HEXCEL CORP. COMMON STOCK 428291108 486 48000 SH SHARED 48,000
HILB, ROGAL & HAMILTON COMMON STOCK 431294107 1053 47200 SH SHARED 47,200
HILTON HOTELS COMMON STOCK 432848109 295 20800 SH SHARED 20,800
HOLLYWOOD PARK INC COMMON STOCK 436255103 763 44900 SH SHARED 44,900
HOME DEPOT COMMON STOCK 437076102 15997 248262 SH SHARED 248,262
HOMEBASE INC. COMMON STOCK 43738E108 545 86400 SH SHARED 86,400
HOMESTAKE MINING CO COMMON STOCK 437614100 416 50850 SH SHARED 50,850
HONEYWELL INC COMMON STOCK 438506107 3494 30150 SH SHARED 30,150
JOST MARRIOTT SVCS COMMON STOCK 440914109 644 79300 SH SHARED 79,300
HOUSEHOLD INT'L COMMON STOCK 441815107 3946 83293 SH SHARED 83,293
HOUSTON EXPLORATION CO COMMON STOCK 442120101 473 25000 SH SHARED 25,000
HUDSON UNITED BANCORP COMMON STOCK 444165104 2437 100000 SH SHARED 100,000
HUGHES SUPPLY, INC. COMMON STOCK 444482103 1778 59900 SH SHARED 59,900
HUMANA INCORPORATED COMMON STOCK 444859102 443 34250 SH SHARED 34,250
HUNTINGTON BANCSHARES COMMON STOCK 446150104 587 16770 SH SHARED 16,770
HUTCHINSON TECH COMMON STOCK 448407106 2017 72700 SH SHARED 72,700
HYPERION SOLUTIONS COMMON STOCK 44914M104 1158 65000 SH SHARED 65,000
ICG COMMUNICATIONS COMMON STOCK 449246107 2138 100000 SH SHARED 100,000
IDEC PHAR. CORP. COMMON STOCK 449370105 1927 25000 SH SHARED 25,000
IMCO RECYCLING INC COMMON STOCK 449681105 605 34700 SH SHARED 34,700
IMS HEALTH INC. COMMON STOCK 449934108 795 25430 SH SHARED 25,430
ISS GROUP INC COMMON STOCK 450306105 1133 30000 SH SHARED 30,000
ITC/\DELTACOM, INC. COMMON STOCK 45031T104 2100 75000 SH SHARED 75,000
ITT INDUSTRIES INC COMMON STOCK 450911102 316 8300 SH SHARED 8,300
IDEX CORP. COMMON STOCK 45167R104 2052 62425 SH SHARED 62,425
IDEXX LABORATORIES COMMON STOCK 45168D104 2858 122600 SH SHARED 122,600
IKON OFFICE SOLUTIONS COMMON STOCK 451713101 176 11744 SH SHARED 11,744
ILLINOIS TOOL WORKS COMMON STOCK 452308109 3411 41600 SH SHARED 41,600
IMATION CORP COMMON STOCK 45245A107 1362 54900 SH SHARED 54,900
IMPERIAL BANCORP COMMON STOCK 452556103 2837 143200 SH SHARED 143,200
INACOM CORPORATION COMMON STOCK 45323G109 1637 129688 SH SHARED 129,688
INCO LIMITED COMMON STOCK 453258402 243 13500 SH SHARED 13,500
INDEPENDENT BANK CORP COMMON STOCK 453836108 822 52200 SH SHARED 52,200
INDIANA ENERGY INC COMMON STOCK 454707100 1139 53466 SH SHARED 53,466
INFOSEEK CORP. COMMON STOCK 45678M107 1198 25000 SH SHARED 25,000
INGERSOLL RAND CO COMMON STOCK 456866102 2065 31950 SH SHARED 31,950
INNOVEX INC COMMON STOCK 457647105 749 53500 SH SHARED 53,500
INSIGHT ENTERPRISES COMMON STOCK 45765U103 1238 50000 SH SHARED 50,000
INTEG HEALTH SERVICES COMMON STOCK 45812C106 641 80100 SH SHARED 80,100
<PAGE>
INTEL CORPORATION COMMON STOCK 458140100 32737 550200 SH SHARED 550,200
INTERIM SVCS COMMON STOCK 45868P100 2723 132000 SH SHARED 132,000
I B M COMMON STOCK 459200101 42265 327000 SH SHARED 327,000
INTL FLAVORS & FRAGR COMMON STOCK 459506101 377 8500 SH SHARED 8,500
INTL MULTI-FOODS COMMON STOCK 460043102 1142 50600 SH SHARED 50,600
INTERNATIONAL PAPER COMMON STOCK 460146103 4364 86417 SH SHARED 86,417
INTL RECTIFIER CORP. COMMON STOCK 460254105 2523 189500 SH SHARED 189,500
INTERPUBLIC GROUP COS COMMON STOCK 460690100 2252 26000 SH SHARED 26,000
INTERVOICE COMMON STOCK 461142101 1735 120200 SH SHARED 120,200
INVESTMENT TECH GP COMMON STOCK 46145F105 2325 71800 SH SHARED 71,800
IONICS INC COMMON STOCK 462218108 756 20700 SH SHARED 20,700
IRWIN FINANCIAL CORP COMMON STOCK 464119106 878 45000 SH SHARED 45,000
JLG INDUSTRIES INC COMMON STOCK 466210101 1885 92500 SH SHARED 92,500
JACOBS ENGINEERING GR COMMON STOCK 469814107 1524 40100 SH SHARED 40,100
JEFFERIES GRP INC COMMON STOCK 472319102 1800 60000 SH SHARED 60,000
JEFFERSON PILOT CORP COMMON STOCK 475070108 558 8425 SH SHARED 8,425
JOHNSON & JOHNSON COMMON STOCK 478160104 21983 224320 SH SHARED 224,320
JOHNSON CONTROLS INC COMMON STOCK 478366107 1767 25500 SH SHARED 25,500
JONES INTERCABLE, INC. COMMON STOCK 480206200 784 16000 SH SHARED 16,000
JONES PHARMA INC COMMON STOCK 480236108 1181 30000 SH SHARED 30,000
JOSTENS INC. COMMON STOCK 481088102 2285 108495 SH SHARED 108,495
JOURNAL REGISTER CO COMMON STOCK 481138105 810 36000 SH SHARED 36,000
KCS ENERGY, INC. COMMON STOCK 482434206 36 56900 SH SHARED 56,900
KLA-TENCOR CORPORATION COMMON STOCK 482480100 454 7000 SH SHARED 7,000
K MART CORPORATION COMMON STOCK 482584109 1348 82000 SH SHARED 82,000
KAISER ALUMINUM CORP COMMON STOCK 483007100 888 100000 SH SHARED 100,000
KANSAS CITY SOTHERN COMMON STOCK 485170104 555 8700 SH SHARED 8,700
KAUFMAN BROAD HOME COMMON STOCK 486168107 1668 67040 SH SHARED 67,040
KELLOGG CO COMMON STOCK 487836108 2284 69200 SH SHARED 69,200
KELLWOOD CO. COMMON STOCK 488044108 1085 40000 SH SHARED 40,000
KENT ELECTRONICS CORP COMMON STOCK 490553104 2041 103000 SH SHARED 103,000
KERR MCGEE CORP COMMON STOCK 492386107 340 6773 SH SHARED 6,773
KEYCORP COMMON STOCK 493267108 2371 73800 SH SHARED 73,800
KIMBERLY CLARK COMMON STOCK 494368103 5412 94940 SH SHARED 94,940
KING WORLD PRODTNS INC COMMON STOCK 495667107 195 5600 SH SHARED 5,600
KNIGHT-RIDDER INC COMMON STOCK 499040103 1107 20150 SH SHARED 20,150
KOHLS CORP. COMMON STOCK 500255104 973 12600 SH SHARED 12,600
KOPIN CORPORATION COMMON STOCK 500600101 969 40500 SH SHARED 40,500
KROGER CO COMMON STOCK 501044101 1827 65400 SH SHARED 65,400
KULICKE & SOFFA INDS COMMON STOCK 501242101 2145 80000 SH SHARED 80,000
LSI LOGIC COMMON STOCK 502161102 521 11300 SH SHARED 11,300
LA-Z-BOY INC COMMON STOCK 505336107 3434 149300 SH SHARED 149,300
LACLEDE GAS CO. COMMON STOCK 505588103 707 30400 SH SHARED 30,400
LAIDLAW INC. COMMON STOCK 50730K503 194 26300 SH SHARED 26,300
LAM RESEARCH CORP COMMON STOCK 512807108 2334 50000 SH SHARED 50,000
LEHMAN BROTHERS HLDG COMMON STOCK 524908100 566 9100 SH SHARED 9,100
LIBBEY, INC. COMMON STOCK 529898108 1050 36200 SH SHARED 36,200
LIFE USA HOLDING COMMON STOCK 531918209 1509 74500 SH SHARED 74,500
LIGAND PHARMACEUTICALS COMMON STOCK 53220K207 1181 106200 SH SHARED 106,200
<PAGE>
ELI LILLY AND COMPANY COMMON STOCK 532457108 13243 184900 SH SHARED 184,900
LIMITED INCORPORATED COMMON STOCK 532716107 2631 57978 SH SHARED 57,978
LINCOLN NATL CORP COMMON STOCK 534187109 847 16200 SH SHARED 16,200
LINENS 'N THINGS INC COMMON STOCK 535679104 1934 44200 SH SHARED 44,200
LITTELFUSE INC COMMON STOCK 537008104 1203 62500 SH SHARED 62,500
LIZ CLAIBORNE COMMON STOCK 539320101 186 5100 SH SHARED 5,100
LOCKHEED MARTIN CORP COMMON STOCK 539830109 2372 63688 SH SHARED 63,688
LOEWS CORPORATION COMMON STOCK 540424108 720 9100 SH SHARED 9,100
LONE STAR INDUSTRIES COMMON STOCK 542290408 1330 35400 SH SHARED 35,400
LONE STAR TECHNOLOGIES COMMON STOCK 542312103 698 39300 SH SHARED 39,300
LONGS DRUG STORES INC COMMON STOCK 543162101 111 3200 SH SHARED 3,200
LONGVIEW FIBRE CO COMMON STOCK 543213102 1730 110700 SH SHARED 110,700
LOUIS DREYFUS NAT GAS COMMON STOCK 546011107 1169 54200 SH SHARED 54,200
LOUISIANA PACIFIC CORP COMMON STOCK 546347105 211 8900 SH SHARED 8,900
LOWE'S COMPANIES COMMON STOCK 548661107 3537 62400 SH SHARED 62,400
LUBY'S CAFE INCORP COMMON STOCK 549282101 1046 69700 SH SHARED 69,700
LUCENT TECH. CORP. COMMON STOCK 549463107 34483 511337 SH SHARED 511,337
MAF BANKCORP INC COMMON STOCK 55261R108 2975 122700 SH SHARED 122,700
MBIA INC. COMMON STOCK 55262C100 1308 20200 SH SHARED 20,200
MBNA CORP COMMON STOCK 55262L100 1958 63930 SH SHARED 63,930
MCI WORLDCOM INC. COMMON STOCK 55268B106 26151 303199 SH SHARED 303,199
MEMC ELECTRONIC MAT COMMON STOCK 552715104 1219 100000 SH SHARED 100,000
MGIC INVT CORP COMMON STOCK 552848103 408 8700 SH SHARED 8,700
MMI COS., INC. COMMON STOCK 553087107 704 41700 SH SHARED 41,700
MSC. SOFTWARE CORP. COMMON STOCK 553531104 292 50300 SH SHARED 50,300
MAGELLAN HEALTH SERV COMMON STOCK 559079108 928 92800 SH SHARED 92,800
MAGNETEK, INC. COMMON STOCK 559424106 924 87500 SH SHARED 87,500
MAIL-WELL INC COMMON STOCK 560321200 1191 73600 SH SHARED 73,600
MALLINCKRODT INC. COMMON STOCK 561232109 207 5700 SH SHARED 5,700
MANITOWOC CO., INC. COMMON STOCK 563571108 1458 35025 SH SHARED 35,025
MARINER POST-ACUTE COMMON STOCK 568459101 129 228792 SH SHARED 228,792
MARSH & MCLENNAN CO COMMON STOCK 571748102 4088 54150 SH SHARED 54,150
MARRIOTT INTL, CL-A COMMON STOCK 571903202 2272 60800 SH SHARED 60,800
MARSHALL INDUSTRIES COMMON STOCK 572393106 2221 61800 SH SHARED 61,800
MASCO CORP COMMON STOCK 574599106 2492 86300 SH SHARED 86,300
MASCOTECH, INC. COMMON STOCK 574670105 777 45900 SH SHARED 45,900
MASTEC INC. COMMON STOCK 576323109 1206 42700 SH SHARED 42,700
MATTEL COMMON STOCK 577081102 1529 57847 SH SHARED 57,847
MAY DEPARTMENT STORES COMMON STOCK 577778103 2526 61800 SH SHARED 61,800
MAXXIM MEDICAL, INC. COMMON STOCK 57777G105 641 27500 SH SHARED 27,500
MAXIMUS INC COMMON STOCK 577933104 852 29500 SH SHARED 29,500
MAYTAG COMMON STOCK 578592107 2216 31800 SH SHARED 31,800
MCDERMOTT INTL INC COMMON STOCK 580037109 136 4800 SH SHARED 4,800
MC DONALDS COMMON STOCK 580135101 9857 238600 SH SHARED 238,600
MCGRAW HILL COMMON STOCK 580645109 2681 49700 SH SHARED 49,700
MCKESSON HBCO INC. COMMON STOCK 58155Q103 1443 44927 SH SHARED 44,927
MEAD CORP COMMON STOCK 582834107 1578 37800 SH SHARED 37,800
MEDIA ONE GROUP COMMON STOCK 58440J104 7839 105400 SH SHARED 105,400
MEDICIS PHARMAC COMMON STOCK 584690309 1724 67950 SH SHARED 67,950
<PAGE>
MEDTRONIC INCORPORATED COMMON STOCK 585055106 3621 46500 SH SHARED 46,500
MELLON BANK CORP COMMON STOCK 585509102 3652 100400 SH SHARED 100,400
MERCANTILE BANCORP COMMON STOCK 587342106 714 12500 SH SHARED 12,500
MERCK & COMPANY, INC COMMON STOCK 589331107 30059 406200 SH SHARED 406,200
MERCURY INTERACTIVE COMMON STOCK 589405109 1769 50000 SH SHARED 50,000
MEREDITH CORP COMMON STOCK 589433101 149 4300 SH SHARED 4,300
MERRILL LYNCH COMMON STOCK 590188108 5915 74000 SH SHARED 74,000
METAMOR WORLDWIDE INC. COMMON STOCK 59133P100 686 28500 SH SHARED 28,500
MICROS SYSTEMS COMMON STOCK 594901100 2003 58900 SH SHARED 58,900
MICROSOFT COMMON STOCK 594918104 76849 852100 SH SHARED 852,100
MICRON TECHNOLOGY INC COMMON STOCK 595112103 1540 38200 SH SHARED 38,200
MID-ATLANTIC MEDICAL COMMON STOCK 59523C107 1479 149800 SH SHARED 149,800
MIDWAY GAMES, INC COMMON STOCK 598148104 1197 92500 SH SHARED 92,500
MILACRON INC. COMMON STOCK 598709103 905 48900 SH SHARED 48,900
MILLENNIUM PHARMAC COMMON STOCK 599902103 3362 93400 SH SHARED 93,400
MILLIPORE CORP COMMON STOCK 601073109 146 3600 SH SHARED 3,600
MINN. MINING & MFG COMMON STOCK 604059105 5807 66800 SH SHARED 66,800
MIRAGE RESORTS COMMON STOCK 60462E104 238 14200 SH SHARED 14,200
MOBIL CORPORATION COMMON STOCK 607059102 13375 135100 SH SHARED 135,100
MONSANTO COMMON STOCK 611662107 1968 49900 SH SHARED 49,900
J.P. MORGAN & CO., INC COMMON STOCK 616880100 4187 29800 SH SHARED 29,800
MORGAN KEEGAN, INC. COMMON STOCK 617410105 2144 113225 SH SHARED 113,225
M.STANLEY DEAN WITTER COMMON STOCK 617446448 12015 117216 SH SHARED 117,216
MORRISON KNUDSEN COMMON STOCK 61844A109 868 84200 SH SHARED 84,200
MOTOROLA,INC. COMMON STOCK 620076109 10242 108100 SH SHARED 108,100
MUELLER INDUSTRIES INC COMMON STOCK 624756102 2637 77700 SH SHARED 77,700
MYLEX CORP COMMON STOCK 628546103 457 78600 SH SHARED 78,600
NL INDUSTRIES COMMON STOCK 629156407 945 84900 SH SHARED 84,900
NABISCO GROUP HOLDINGS COMMON STOCK 62952P102 507 25900 SH SHARED 25,900
NACCO INDUSTRIES INC COMMON STOCK 629579103 1147 15600 SH SHARED 15,600
NALCO CHEMICAL CO COMMON STOCK 629853102 1624 31300 SH SHARED 31,300
NATIONAL CITY CORP COMMON STOCK 635405103 3596 54900 SH SHARED 54,900
NATL DISCOUNT BROKERS COMMON STOCK 635646102 2030 35000 SH SHARED 35,000
NATL SEMICONDUCTOR COMMON STOCK 637640103 337 13300 SH SHARED 13,300
NATIONAL SVC INDS COMMON STOCK 637657107 115 3200 SH SHARED 3,200
NATIONAL STEEL CORP-B COMMON STOCK 637844309 525 62700 SH SHARED 62,700
NAVISTAR INTERNATIONAL COMMON STOCK 63934E108 266 5320 SH SHARED 5,320
NETWORK EQUIP TECH COMMON STOCK 641208103 776 78600 SH SHARED 78,600
NETWORK APPLIANCE INC. COMMON STOCK 64120L104 0 1000 SH SHARED 1,000
NEW CENTURY ENERGIES COMMON STOCK 64352U103 349 9000 SH SHARED 9,000
NEW ENGLAND BUS SERV COMMON STOCK 643872104 1044 33800 SH SHARED 33,800
NEW JERSEY RESOURCES COMMON STOCK 646025106 1284 34300 SH SHARED 34,300
NEW YORK TIMES CO COMMON STOCK 650111107 1259 34200 SH SHARED 34,200
NEWELL RUBBERMAID INC. COMMON STOCK 651229106 2924 62880 SH SHARED 62,880
NEWFIELD EXPLORATION COMMON STOCK 651290108 2164 76100 SH SHARED 76,100
NEWMONT MINING CORP COMMON STOCK 651639106 265 13315 SH SHARED 13,315
NEWPORT NEWS SHIPBLDG COMMON STOCK 652228107 1617 54800 SH SHARED 54,800
NEXTEL COMMUNICATIONS COMMON STOCK 65332V103 1149 22900 SH SHARED 22,900
NIAGRA MOHAWK HOLDINGS COMMON STOCK 653520106 244 15200 SH SHARED 15,200
<PAGE>
NICOR, INC. COMMON STOCK 654086107 148 3900 SH SHARED 3,900
NIKE, INC., CLASS B COMMON STOCK 654106103 1425 22500 SH SHARED 22,500
99 CENTS ONLY STORES COMMON STOCK 65440K106 1348 27000 SH SHARED 27,000
NORDSTROM INC COMMON STOCK 655664100 375 11200 SH SHARED 11,200
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 1895 62900 SH SHARED 62,900
NORRELL CORP COMMON STOCK 656301108 931 49500 SH SHARED 49,500
NORTEK, INC. COMMON STOCK 656559101 870 27800 SH SHARED 27,800
NORTEL NETWORKS CORP. COMMON STOCK 656569100 8933 102900 SH SHARED 102,900
NORTHERN BORDER PRTNRS COMMON STOCK 664785102 1243 40000 SH SHARED 40,000
NORTHERN STATES POWER COMMON STOCK 665772109 1214 50200 SH SHARED 50,200
NORTHERN TRUST CORP COMMON STOCK 665859104 2813 29000 SH SHARED 29,000
NORTHROP GRUMMAN CORP COMMON STOCK 666807102 365 5500 SH SHARED 5,500
NORTHWESTERN CORP. COMMON STOCK 668074107 793 32800 SH SHARED 32,800
NOVA CORP/GEORGIA COMMON STOCK 669784100 1605 64200 SH SHARED 64,200
NOVA CARE COMMON STOCK 669930109 294 196100 SH SHARED 196,100
NOVELL INC. COMMON STOCK 670006105 713 26900 SH SHARED 26,900
NUCOR CORP COMMON STOCK 670346105 1115 23500 SH SHARED 23,500
OEA, INC. COMMON STOCK 670826106 488 55000 SH SHARED 55,000
OEC MEDICAL SYSTEMS COMMON STOCK 670828102 1054 43000 SH SHARED 43,000
OM GROUP INC COMMON STOCK 670872100 1632 47300 SH SHARED 47,300
OAK INDUSTRIES, INC. COMMON STOCK 671400505 2490 57000 SH SHARED 57,000
OAKLEY INC COMMON STOCK 673662102 570 80000 SH SHARED 80,000
OCCIDENTAL PETROLEUM COMMON STOCK 674599105 583 27600 SH SHARED 27,600
OCEANEERING INTL COMMON STOCK 675232102 800 49600 SH SHARED 49,600
OCULAR SCIENCES INC COMMON STOCK 675744106 1143 65800 SH SHARED 65,800
OFFICE DEPOT COMMON STOCK 676220106 441 20000 SH SHARED 20,000
OMNICOM GROUP COMMON STOCK 681919106 1072 13400 SH SHARED 13,400
ONEIDA, LTD. COMMON STOCK 682505102 1223 43500 SH SHARED 43,500
ONEOK INC. COMMON STOCK 682680103 83 2600 SH SHARED 2,600
ORACLE CORPORATION COMMON STOCK 68389X105 8769 236212 SH SHARED 236,212
ORANGE & ROCKLAND UTIL COMMON STOCK 684065105 1514 25900 SH SHARED 25,900
ORTHODONTIC CENTERS COMMON STOCK 68750P103 1667 118000 SH SHARED 118,000
O'SULLIVAN INDUSTRIES COMMON STOCK 688609106 811 47700 SH SHARED 47,700
OVERSEAS SHIPHOLDING COMMON STOCK 690368105 1002 77800 SH SHARED 77,800
OWENS & MINOR, INC. COMMON STOCK 690732102 1137 103400 SH SHARED 103,400
OWENS CORNING COMMON STOCK 69073F103 151 4400 SH SHARED 4,400
OWENS-ILLINOIS COMMON STOCK 690768403 1043 31900 SH SHARED 31,900
PECO ENERGY CORP COMMON STOCK 693304107 1960 46600 SH SHARED 46,600
PG & E CORP COMMON STOCK 69331C108 991 30500 SH SHARED 30,500
PE CORP. BIOSYSTEMS COMMON STOCK 69332S102 448 3900 SH SHARED 3,900
PMC - SIERRA INC. COMMON STOCK 69344F106 4244 72000 SH SHARED 72,000
PNC BANK CORP. COMMON STOCK 693475105 3700 64200 SH SHARED 64,200
PP&L RESOURCES COMMON STOCK 693499105 372 12100 SH SHARED 12,100
PPG INDUSTRIES INC COMMON STOCK 693506107 2900 49100 SH SHARED 49,100
PRI AUTOMATION COMMON STOCK 69357H106 2016 55600 SH SHARED 55,600
PACCAR INCORPORATED COMMON STOCK 693718108 334 6250 SH SHARED 6,250
PACIFIC GATEWAY EXCH COMMON STOCK 694327107 1165 40000 SH SHARED 40,000
PACIFICORP COMMON STOCK 695114108 435 23700 SH SHARED 23,700
PAINE WEBBER GROUP INC COMMON STOCK 695629105 533 11400 SH SHARED 11,400
<PAGE>
PALL CORP COMMON STOCK 696429307 220 9899 SH SHARED 9,899
PARACELSUS HEALTH COMMON STOCK 698891108 233 177200 SH SHARED 177,200
PARAMETRIC TECHNOLOGY COMMON STOCK 699173100 292 21026 SH SHARED 21,026
PARK ELECTROCHEMICAL COMMON STOCK 700416209 863 30000 SH SHARED 30,000
PARKER-HANNIFIN CORP COMMON STOCK 701094104 395 8625 SH SHARED 8,625
PAXAR CORP. COMMON STOCK 704227107 752 83566 SH SHARED 83,566
PAYCHEX COMMON STOCK 704326107 622 19500 SH SHARED 19,500
PAYMENTECH INC COMMON STOCK 704384106 1269 50000 SH SHARED 50,000
PEDIATRIX MED COMMON STOCK 705324101 1275 60000 SH SHARED 60,000
PEGASYSTEMS INC COMMON STOCK 705573103 873 85200 SH SHARED 85,200
PENN TREATY AMER CORP COMMON STOCK 707874103 457 19000 SH SHARED 19,000
J.C. PENNEY, INC. COMMON STOCK 708160106 2129 43850 SH SHARED 43,850
PEOPLES ENERGY CORP COMMON STOCK 711030106 109 2900 SH SHARED 2,900
PEOPLESOFT COMMON STOCK 712713106 323 18700 SH SHARED 18,700
PEP BOYS COMMON STOCK 713278109 91 4200 SH SHARED 4,200
PEPSICO INCORPORATED COMMON STOCK 713448108 9467 244700 SH SHARED 244,700
PEREGRINE SYSTEMS, INC COMMON STOCK 71366Q101 1284 50000 SH SHARED 50,000
PERSONNEL GRP OF AMER COMMON STOCK 715338109 600 60000 SH SHARED 60,000
PHARMACIA & UPJOHN INC COMMON STOCK 716941109 4865 85630 SH SHARED 85,630
PFIZER COMMON STOCK 717081103 23871 217500 SH SHARED 217,500
PHELPS DODGE CORP COMMON STOCK 717265102 285 4600 SH SHARED 4,600
PHILADELPHIA CONS COMMON STOCK 717528103 735 30000 SH SHARED 30,000
PHILIP MORRIS, INC. COMMON STOCK 718154107 17875 444800 SH SHARED 444,800
PHILLIPS PETROLEUM CO COMMON STOCK 718507106 2732 54300 SH SHARED 54,300
PHILLIPS VAN HEUSEN COMMON STOCK 718592108 494 50000 SH SHARED 50,000
PHOENIX INVESTMENT COMMON STOCK 719085102 1186 130000 SH SHARED 130,000
PHOTRONICS INC. COMMON STOCK 719405102 1593 65000 SH SHARED 65,000
PILGRIM'S PRIDE CORP. COMMON STOCK 721467108 600 20000 SH SHARED 20,000
PILLOWTEX CORP. COMMON STOCK 721501104 392 24000 SH SHARED 24,000
PIONEER HI BRED COMMON STOCK 723686101 744 19100 SH SHARED 19,100
PITNEY BOWES INC. COMMON STOCK 724479100 3932 61200 SH SHARED 61,200
PITTSTON BURLNG COMMON STOCK 725701882 560 58900 SH SHARED 58,900
PLACER DOME INC COMMON STOCK 725906101 233 19700 SH SHARED 19,700
PLANTRONICS INC COMMON STOCK 727493108 3829 58800 SH SHARED 58,800
PLAYBOY ENTER INC COMMON STOCK 728117300 1092 41100 SH SHARED 41,100
PLAYTEX PRODUCTS, INC. COMMON STOCK 72813P100 1634 105000 SH SHARED 105,000
PLEXUS CORP COMMON STOCK 729132100 1506 50000 SH SHARED 50,000
POLARIS INDUSTRIES INC COMMON STOCK 731068102 2393 55000 SH SHARED 55,000
POLAROID CORP COMMON STOCK 731095105 99 3589 SH SHARED 3,589
POLYMER GROUP COMMON STOCK 731745105 880 74900 SH SHARED 74,900
POTLATCH CORP COMMON STOCK 737628107 105 2400 SH SHARED 2,400
PREMIER BANCSHARES INC COMMON STOCK 739909109 1430 78100 SH SHARED 78,100
PRAXAIR INC COMMON STOCK 74005P104 617 12600 SH SHARED 12,600
PREMIERE TECHNOLOGIES COMMON STOCK 74058F102 863 75000 SH SHARED 75,000
PRIMARK CORP. COMMON STOCK 741903108 1964 70000 SH SHARED 70,000
PRIME HOSPITALITY CORP COMMON STOCK 741917108 1200 100000 SH SHARED 100,000
PRINTRONIX INC COMMON STOCK 742578107 431 30800 SH SHARED 30,800
PRIORITY HEALTHCARE COMMON STOCK 74264T102 1091 31627 SH SHARED 31,627
PROCTER & GAMBLE CO. COMMON STOCK 742718109 20670 231600 SH SHARED 231,600
<PAGE>
PROGRESS SOFTWARE COMMON STOCK 743312100 362 12800 SH SHARED 12,800
PROGRESSIVE CORP COMMON STOCK 743315103 841 5800 SH SHARED 5,800
PROJECT SOFTWARE COMMON STOCK 74339P101 1144 36600 SH SHARED 36,600
PROVIDENT COMPANIES COMMON STOCK 743862104 432 10800 SH SHARED 10,800
PROVIDIAN FINANCIAL COMMON STOCK 74406A102 1052 11250 SH SHARED 11,250
PERFORM. SYSTEMS COMMON STOCK 74437C101 6510 148800 SH SHARED 148,800
PUB SERVICE NEW MEXICO COMMON STOCK 744499104 1405 70700 SH SHARED 70,700
PUBLIC SERV CO. OF NOR COMMON STOCK 744516105 1138 38900 SH SHARED 38,900
PUBLIC SERVICE ENT COMMON STOCK 744573106 2301 56300 SH SHARED 56,300
PULTE CORP COMMON STOCK 745867101 900 38900 SH SHARED 38,900
QLOGIC COMMON STOCK 747277101 2640 20000 SH SHARED 20,000
QUAKER OATS CO COMMON STOCK 747402105 2024 30500 SH SHARED 30,500
QUANEX CORP COMMON STOCK 747620102 909 31900 SH SHARED 31,900
QUEST DIAGNOSTICS INC. COMMON STOCK 74834L100 2620 95700 SH SHARED 95,700
RLI CORP. COMMON STOCK 749607107 643 16600 SH SHARED 16,600
RPC ENERGY SERV INC COMMON STOCK 749660106 435 49700 SH SHARED 49,700
RTI INTERNATIONAL COMMON STOCK 74973W107 499 34000 SH SHARED 34,000
RADISYS CORP. COMMON STOCK 750459109 1120 28800 SH SHARED 28,800
RAINBOW TECH. INC. COMMON STOCK 750862104 504 42650 SH SHARED 42,650
RALCORP HOLDINGS INC COMMON STOCK 751028101 1336 83200 SH SHARED 83,200
RALSTON-RALSTON PURINA COMMON STOCK 751277302 1712 56240 SH SHARED 56,240
RAYCHEM CORP COMMON STOCK 754603108 233 6300 SH SHARED 6,300
RAYTHEON CO-CLASS B COMMON STOCK 755111408 3997 56800 SH SHARED 56,800
RECOTON COMMON STOCK 756268108 300 33000 SH SHARED 33,000
RED ROOF INNS INC. COMMON STOCK 757005103 1433 79900 SH SHARED 79,900
REEBOK INTL LTD COMMON STOCK 758110100 1762 94600 SH SHARED 94,600
REGIONS FINANCIAL CORP COMMON STOCK 758940100 677 17600 SH SHARED 17,600
RELIANCE STEEL & ALUM COMMON STOCK 759509102 975 25000 SH SHARED 25,000
RELIANT ENERGY INC. COMMON STOCK 75952J108 2012 72844 SH SHARED 72,844
RENTAL SERVICE CORP. COMMON STOCK 76009V102 1529 53400 SH SHARED 53,400
REPUBLIC BANCORP COMMON STOCK 760282103 1291 85000 SH SHARED 85,000
REPUBLIC N Y CORP COMMON STOCK 760719104 580 8500 SH SHARED 8,500
REPUBLIC SECURITY FINL COMMON STOCK 760758102 766 91500 SH SHARED 91,500
RESPIRONICS INC. COMMON STOCK 761230101 965 63800 SH SHARED 63,800
REYNOLDS METALS CO COMMON STOCK 761763101 1693 28700 SH SHARED 28,700
RJ REYNOLDS TOBACCO COMMON STOCK 76182K105 72 0 SH SHARED 0
RITE AID CORP COMMON STOCK 767754104 507 20600 SH SHARED 20,600
ROCKWELL COMMON STOCK 773903109 2661 43800 SH SHARED 43,800
ROHM & HAAS CO. COMMON STOCK 775371107 728 16977 SH SHARED 16,977
ROLLINS TRUCK LEAS COR COMMON STOCK 775741101 1631 146650 SH SHARED 146,650
ROPER INDUSTRIES, INC COMMON STOCK 776696106 3152 98500 SH SHARED 98,500
ROSLYN BANCORP INC COMMON STOCK 778162107 2131 124000 SH SHARED 124,000
ROWAN COS. INC. COMMON STOCK 779382100 127 6900 SH SHARED 6,900
ROYAL DUTCH PETRO COMMON STOCK 780257804 21262 352900 SH SHARED 352,900
RUBY TUESDAY, INC. COMMON STOCK 781182100 1290 67900 SH SHARED 67,900
RUDDICK CORP. COMMON STOCK 781258108 1600 80000 SH SHARED 80,000
RUSS BERRIE & CO INC. COMMON STOCK 782233100 903 36500 SH SHARED 36,500
RUSSELL CORP. COMMON STOCK 782352108 57 2900 SH SHARED 2,900
RYDER SYSTEMS INC COMMON STOCK 783549108 520 20000 SH SHARED 20,000
<PAGE>
RYLAND GROUP, INC. COMMON STOCK 783764103 647 21800 SH SHARED 21,800
SBC COMM INC COMMON STOCK 78387G103 19182 330718 SH SHARED 330,718
SCPIE HOLDINGS INC COMMON STOCK 78402P104 1321 40500 SH SHARED 40,500
SLMHOLDING CORPORATION COMMON STOCK 78442A109 605 13200 SH SHARED 13,200
SAFECO CORP COMMON STOCK 786429100 1500 34000 SH SHARED 34,000
SAFETY KLEEN COMMON STOCK 78648R203 1133 62500 SH SHARED 62,500
SAFEWAY INC COMMON STOCK 786514208 3995 80700 SH SHARED 80,700
ST. JOHN KNITS, INC. COMMON STOCK 790289102 980 33500 SH SHARED 33,500
SAINT JUDE MED INC COMMON STOCK 790849103 242 6800 SH SHARED 6,800
ST PAUL BANCORP INC COMMON STOCK 792848103 3124 122500 SH SHARED 122,500
ST PAUL COMPANIES COMMON STOCK 792860108 596 18734 SH SHARED 18,734
SANDISK CORP. COMMON STOCK 80004C101 675 15000 SH SHARED 15,000
SANTA FE SNYDER CORP. COMMON STOCK 80218K105 986 129355 SH SHARED 129,355
SARA LEE, CORP. COMMON STOCK 803111103 3666 161600 SH SHARED 161,600
SBARRO INC COMMON STOCK 805844107 1083 40000 SH SHARED 40,000
SCHERING PLOUGH COMMON STOCK 806605101 13648 257500 SH SHARED 257,500
SCHLUMBERGER LTD. COMMON STOCK 806857108 5318 83500 SH SHARED 83,500
SCHWAB (CHARLES) CORP. COMMON STOCK 808513105 3513 31975 SH SHARED 31,975
SCIENTIFIC-ATLANTA INC COMMON STOCK 808655104 216 6000 SH SHARED 6,000
THE SCOTTS CO. COMMON STOCK 810186106 1900 39900 SH SHARED 39,900
SEAGATE TECH INC. COMMON STOCK 811804103 1240 48400 SH SHARED 48,400
SEAGRAMS LTD ADR COMMON STOCK 811850106 3834 76100 SH SHARED 76,100
SEACOR HOLDINGS INC COMMON STOCK 811904101 1578 29500 SH SHARED 29,500
SEALED AIR CORP. COMMON STOCK 81211K100 429 6616 SH SHARED 6,616
SEARS ROEBUCK COMMON STOCK 812387108 2993 67175 SH SHARED 67,175
SECURITY DYNAMICS TECH COMMON STOCK 814208104 1135 53400 SH SHARED 53,400
SEITEL INC COMMON STOCK 816074306 884 54600 SH SHARED 54,600
SEMPRA ENERGY COMMON STOCK 816851109 433 19125 SH SHARED 19,125
SEQUENT COMPUTER COMMON STOCK 817338106 588 33100 SH SHARED 33,100
SERVICE CORP INT'L COMMON STOCK 817565104 420 21800 SH SHARED 21,800
SHARED MEDICAL SYSTEMS COMMON STOCK 819486101 137 2100 SH SHARED 2,100
SHERWIN-WILLIAMS CO COMMON STOCK 824348106 380 13700 SH SHARED 13,700
SHOPKO STORES, INC. COMMON STOCK 824911101 2103 58000 SH SHARED 58,000
SIERRA HEALTH SERV I COMMON STOCK 826322109 1245 86250 SH SHARED 86,250
SIGMA-ALDRICH CORP. COMMON STOCK 826552101 957 27800 SH SHARED 27,800
SIGCORP INC COMMON STOCK 826912107 1154 40400 SH SHARED 40,400
SILICON GRAPHICS COMMON STOCK 827056102 244 14900 SH SHARED 14,900
SILICON VALLEY BNKSHS COMMON STOCK 827064106 1794 72500 SH SHARED 72,500
SMITH (A.O.) CORP. COMMON STOCK 831865209 1243 45000 SH SHARED 45,000
SNAP-ON INC COMMON STOCK 833034101 597 16500 SH SHARED 16,500
SOLA INTERNATIONAL INC COMMON STOCK 834092108 1526 78500 SH SHARED 78,500
SOLECTRON CORP. COMMON STOCK 834182107 1334 20000 SH SHARED 20,000
SONAT INC COMMON STOCK 835415100 295 8900 SH SHARED 8,900
SOUTHERN COMPANY COMMON STOCK 842587107 3779 142600 SH SHARED 142,600
SOUTHTRUST CORP. COMMON STOCK 844730101 507 13200 SH SHARED 13,200
SOUTHWEST AIRLINES COMMON STOCK 844741108 2102 67525 SH SHARED 67,525
SOUTHWEST GAS CORP. COMMON STOCK 844895102 1431 50000 SH SHARED 50,000
SOUTHWEST SECUR GRP COMMON STOCK 845224104 2485 34630 SH SHARED 34,630
SOUTHWESTERN ENER CO. COMMON STOCK 845467109 628 59500 SH SHARED 59,500
<PAGE>
SPARTECH CORP. COMMON STOCK 847220209 1280 41700 SH SHARED 41,700
SPEEDFAM-IPEC INC. COMMON STOCK 847705100 1625 101165 SH SHARED 101,165
SPRINGS INDUSTRIES INC COMMON STOCK 851783100 589 13500 SH SHARED 13,500
SPRINT CORP COMMON STOCK 852061100 7716 146100 SH SHARED 146,100
SPRINT CORP PCS COMMON STOCK 852061506 1999 35000 SH SHARED 35,000
STANDARD PACIFIC CORP. COMMON STOCK 85375C101 770 59500 SH SHARED 59,500
STANDARD PRODUCTS CO COMMON STOCK 853836104 710 27700 SH SHARED 27,700
STANDARD REGISTER CO COMMON STOCK 853887107 1276 41500 SH SHARED 41,500
STANLEY WORKS COMMON STOCK 854616109 232 7200 SH SHARED 7,200
STAPLES COMMON STOCK 855030102 1135 36700 SH SHARED 36,700
STATE STREET CORP. COMMON STOCK 857477103 2561 30000 SH SHARED 30,000
STATION CASINOS INC. COMMON STOCK 857689103 1141 56000 SH SHARED 56,000
STERLING BANCORP COMMON STOCK 859158107 481 25300 SH SHARED 25,300
STONE ENERGY CORP COMMON STOCK 861642106 1356 32000 SH SHARED 32,000
STRIDE RITE COMMON STOCK 863314100 1188 115200 SH SHARED 115,200
STRUCTURAL DYNAMICS COMMON STOCK 863555108 464 25000 SH SHARED 25,000
STURM, RUGER & CO. COMMON STOCK 864159108 534 50000 SH SHARED 50,000
SUMMIT BANCORP COMMON STOCK 866005101 577 13800 SH SHARED 13,800
SUN MICROSYSTEMS COMMON STOCK 866810104 8664 125800 SH SHARED 125,800
SUNOCO INC. COMMON STOCK 86764P109 223 7374 SH SHARED 7,374
SUNRISE MEDICAL INC COMMON STOCK 867910101 443 62200 SH SHARED 62,200
SUNTRUST BANKS INC COMMON STOCK 867914103 4562 65700 SH SHARED 65,700
SUPERIOR INDUSTRIES COMMON STOCK 868168105 633 23000 SH SHARED 23,000
SUPERIOR TELECOM INC. COMMON STOCK 868365107 1875 75000 SH SHARED 75,000
SUPERVALU INC COMMON STOCK 868536103 1439 56000 SH SHARED 56,000
SWIFT ENERGY CO COMMON STOCK 870738101 351 32836 SH SHARED 32,836
SYBASE COMMON STOCK 871130100 674 61300 SH SHARED 61,300
SYKES ENTERPRISES, INC COMMON STOCK 871237103 834 25000 SH SHARED 25,000
SYNOVUS COMMON STOCK 87161C105 425 21400 SH SHARED 21,400
SYSCO CORP. COMMON STOCK 871829107 790 26500 SH SHARED 26,500
SYSTEMAX INC. COMMON STOCK 871851101 656 53000 SH SHARED 53,000
SYS & COMPUTER TECH COMMON STOCK 871873105 750 51500 SH SHARED 51,500
TJX COMPANIES INC COMMON STOCK 872540109 859 25800 SH SHARED 25,800
TNP ENTERPRISES, INC COMMON STOCK 872594106 845 23300 SH SHARED 23,300
TRW INC COMMON STOCK 872649108 521 9500 SH SHARED 9,500
TALBOTS COMMON STOCK 874161102 1525 40000 SH SHARED 40,000
TANDY CORP COMMON STOCK 875382103 775 15856 SH SHARED 15,856
TECH-SYM COMMON STOCK 878308105 530 22300 SH SHARED 22,300
TECHNITROL INC. COMMON STOCK 878555101 1484 46000 SH SHARED 46,000
TEKTRONIX INC. COMMON STOCK 879131100 4335 143600 SH SHARED 143,600
TELIGENT, INC. COMMON STOCK 87959Y103 897 15000 SH SHARED 15,000
TELLABS, INC. COMMON STOCK 879664100 3716 55000 SH SHARED 55,000
TEMPLE INLAND, INC. COMMON STOCK 879868107 300 4400 SH SHARED 4,400
TENET HEALTHCARE CORP COMMON STOCK 88033G100 458 24700 SH SHARED 24,700
TENNECO INC. (NEW) COMMON STOCK 88037E101 888 37200 SH SHARED 37,200
TERAYON COMMUNIC SYS COMMON STOCK 880775101 1397 25000 SH SHARED 25,000
TEREX CORP. COMMON STOCK 880779103 1065 35000 SH SHARED 35,000
TESORO PETROLEUM CORP. COMMON STOCK 881609101 912 57200 SH SHARED 57,200
TEXACO, INC. COMMON STOCK 881694103 5569 89100 SH SHARED 89,100
<PAGE>
TEXAS INSTRUMENTS COMMON STOCK 882508104 9889 68200 SH SHARED 68,200
TEXAS REGIONAL BANCSHS COMMON STOCK 882673106 1272 46800 SH SHARED 46,800
TEXAS UTILITIES COMMON STOCK 882848104 2478 60070 SH SHARED 60,070
TEXTRON INC COMMON COMMON STOCK 883203101 2659 32300 SH SHARED 32,300
THERMO ELECTRON CORP. COMMON STOCK 883556102 255 12700 SH SHARED 12,700
THOMAS & BETTS CORP COMMON STOCK 884315102 624 13200 SH SHARED 13,200
THOMAS INDUSTRIES INC. COMMON STOCK 884425109 472 23000 SH SHARED 23,000
3 COM CORP. COMMON STOCK 885535104 1555 58250 SH SHARED 58,250
TIMBERLAND CO CLASS A COMMON STOCK 887100105 1361 20000 SH SHARED 20,000
TIME WARNER INC COMMON STOCK 887315109 14819 205820 SH SHARED 205,820
TIMES MIRROR CO COMMON STOCK 887364107 373 6300 SH SHARED 6,300
TIMKEN CO COMMON STOCK 887389104 99 5100 SH SHARED 5,100
TITAN CORP. COMMON STOCK 888266103 597 54300 SH SHARED 54,300
TOLL BROTHERS INC COMMON STOCK 889478103 1143 53300 SH SHARED 53,300
TORCHMARK CORP COMMON STOCK 891027104 1034 30300 SH SHARED 30,300
TORO CO. COMMON STOCK 891092108 1386 35200 SH SHARED 35,200
TOWER AUTOMOTIVE INC COMMON STOCK 891707101 2012 79100 SH SHARED 79,100
TOYS R US COMMON STOCK 892335100 415 20050 SH SHARED 20,050
TRANS SYS ARCHITECTS COMMON STOCK 893416107 2340 60000 SH SHARED 60,000
TRANSAMERICA CORP COMMON STOCK 893485102 747 9964 SH SHARED 9,964
TRIANGLE BCP COMMON STOCK 895835106 1306 77100 SH SHARED 77,100
TRIAD GUARANTY INC COMMON STOCK 895925105 854 47600 SH SHARED 47,600
TRIARC COS., INC. COMMON STOCK 895927101 1063 50000 SH SHARED 50,000
TRICON GLOBAL RESTAUR COMMON STOCK 895953107 655 12110 SH SHARED 12,110
TRIBUNE CO. COMMON STOCK 896047107 2352 27000 SH SHARED 27,000
TRUE NORTH COMMUNIC COMMON STOCK 897844106 1200 40000 SH SHARED 40,000
TUPPERWARE CORP COMMON STOCK 899896104 120 4700 SH SHARED 4,700
TYCO INTERNATIONAL COMMON STOCK 902124106 13653 144096 SH SHARED 144,096
UGI CORP COMMON STOCK 902681105 1005 49800 SH SHARED 49,800
UST CORP COMMON STOCK 902900109 3691 122000 SH SHARED 122,000
USX-MARATHON GROUP COMMON STOCK 902905827 2384 73200 SH SHARED 73,200
UST, INC. COMMON STOCK 902911106 1249 42700 SH SHARED 42,700
U.S. BANCORP COMMON STOCK 902973106 4225 124262 SH SHARED 124,262
UNUM CORPORATION COMMON STOCK 903192102 2245 41000 SH SHARED 41,000
URS CORP. COMMON STOCK 903236107 571 19490 SH SHARED 19,490
USX- U S STEEL GRP INC COMMON STOCK 90337T101 560 20740 SH SHARED 20,740
UNIFIRST CORP. COMMON STOCK 904708104 513 27900 SH SHARED 27,900
UNILEVER NV-W/I COMMON STOCK 904784709 6925 99285 SH SHARED 99,285
UNICOM CORP COMMON STOCK 904911104 667 17300 SH SHARED 17,300
UNION CARBIDE CORP COMMON STOCK 905581104 1614 33100 SH SHARED 33,100
UNION PAC CORP COMMON STOCK 907818108 2799 48000 SH SHARED 48,000
UNION PACIFIC RESOURC COMMON STOCK 907834105 322 19723 SH SHARED 19,723
UNION PLANTERS COMMON STOCK 908068109 487 10900 SH SHARED 10,900
UNISOURCE ENERGY CORP. COMMON STOCK 909205106 660 55320 SH SHARED 55,320
UNISYS COMMON STOCK 909214108 810 20800 SH SHARED 20,800
UNITED HEALTHCARE COMMON STOCK 910581107 927 14800 SH SHARED 14,800
UTD ILLUMINATION COMMON STOCK 910637107 1150 27100 SH SHARED 27,100
UNITED INDUSTRIAL CORP COMMON STOCK 910671106 399 36100 SH SHARED 36,100
US AIRWAYS GROUP, INC. COMMON STOCK 911905107 305 7000 SH SHARED 7,000
<PAGE>
U S HOME CORP COMMON STOCK 911920106 650 18300 SH SHARED 18,300
US WEST INC. NEW COMMON STOCK 91273H101 5261 89557 SH SHARED 89,557
UNITED TECHNOL CORP COMMON STOCK 913017109 5878 82000 SH SHARED 82,000
UNITED WATER RES I COMMON STOCK 913190104 1624 71600 SH SHARED 71,600
UNITED WISCONSIN SERV COMMON STOCK 913238101 424 53000 SH SHARED 53,000
UNITRODE CORP. COMMON STOCK 913283107 2499 87100 SH SHARED 87,100
UNOCAL COMMON STOCK 915289102 2263 57100 SH SHARED 57,100
USWEB CORP. COMMON STOCK 917327108 1775 80000 SH SHARED 80,000
V.F. CORP COMMON STOCK 918204108 1300 30400 SH SHARED 30,400
VAIL RESORTS, INC. COMMON STOCK 91879Q109 1381 78900 SH SHARED 78,900
VALUE CITY DEPT STORES COMMON STOCK 920387107 490 40000 SH SHARED 40,000
VERITAS DGC INC COMMON STOCK 92343P107 853 46600 SH SHARED 46,600
VIACOM CLASS B COMMON STOCK 925524308 2438 55400 SH SHARED 55,400
VINTAGE PETROLEUM, INC COMMON STOCK 927460105 1181 109900 SH SHARED 109,900
VISUAL NETWORKS INC COMMON STOCK 928444108 944 29500 SH SHARED 29,500
VISX INC COMMON STOCK 92844S105 13462 170000 SH SHARED 170,000
VOICESTREAM WIRELESS COMMON STOCK 928615103 1962 69000 SH SHARED 69,000
WICOR INC COMMON STOCK 929253102 1749 62600 SH SHARED 62,600
WPS RESOURCES COMMON STOCK 92931B106 1200 40000 SH SHARED 40,000
WACHOVIA CORP COMMON STOCK 929771103 3654 42700 SH SHARED 42,700
WALMART COMMON STOCK 931142103 41075 851300 SH SHARED 851,300
WALGREEN CO COMMON STOCK 931422109 5345 181956 SH SHARED 181,956
WARNER LAMBERT CO COMMON STOCK 934488107 10344 149100 SH SHARED 149,100
WASHINGTON MUTUAL COMMON STOCK 939322103 3884 109785 SH SHARED 109,785
WASTE MANAGEMENT INC. COMMON STOCK 94106L109 5254 97742 SH SHARED 97,742
WATKINS-JOHNSON CO. COMMON STOCK 942486101 738 25000 SH SHARED 25,000
WATSCO, INC. COMMON STOCK 942622200 785 47962 SH SHARED 47,962
WATSON PHARMACEUTICAL COMMON STOCK 942683103 263 7500 SH SHARED 7,500
WATTS INDUSTRIES COMMON STOCK 942749102 998 52000 SH SHARED 52,000
WEBB (DEL E.) CORP COMMON STOCK 947423109 1098 46000 SH SHARED 46,000
WELLMAN COMMON STOCK 949702104 797 50000 SH SHARED 50,000
WELLPOINT HLTH NETWORK COMMON STOCK 94973H108 458 5400 SH SHARED 5,400
WELLS FARGO COMPANY COMMON STOCK 949746101 12363 289200 SH SHARED 289,200
WENDY'S INTERNATIONAL COMMON STOCK 950590109 280 9900 SH SHARED 9,900
WEST PHARMACEUTICAL COMMON STOCK 955306105 2080 53000 SH SHARED 53,000
WESTCORP COMMON STOCK 957907108 450 40000 SH SHARED 40,000
WESTERN DIGITAL CORP. COMMON STOCK 958102105 1808 278100 SH SHARED 278,100
WESTERN WIRELESS CORP COMMON STOCK 95988E204 2646 98000 SH SHARED 98,000
WESTINGHOUSE AIR BRAKE COMMON STOCK 960386100 1273 49800 SH SHARED 49,800
WESTVACO CORP COMMON STOCK 961548104 233 8050 SH SHARED 8,050
WEYERHAEUSER CO. COMMON STOCK 962166104 2341 34050 SH SHARED 34,050
WHIRLPOOL COMMON STOCK 963320106 451 6100 SH SHARED 6,100
WILLAMETTE INDS INC. COMMON STOCK 969133107 405 8800 SH SHARED 8,800
WILLIAMS CO. COMMON STOCK 969457100 3052 71700 SH SHARED 71,700
WIND RIVER SYSTEMS INC COMMON STOCK 973149107 1446 90000 SH SHARED 90,000
WINN DIXIE STORES INC COMMON STOCK 974280109 436 11800 SH SHARED 11,800
WINNEBAGO INDS INC COMMON STOCK 974637100 862 38300 SH SHARED 38,300
WOLVERINE TUBE INC COMMON STOCK 978093102 817 32500 SH SHARED 32,500
WOLVERINE WORLD WIDE COMMON STOCK 978097103 1511 107900 SH SHARED 107,900
<PAGE>
WORLD ACCESS INC. COMMON STOCK 98141A101 331 23448 SH SHARED 23,448
WORTHINGTON INDUST INC COMMON STOCK 981811102 120 7325 SH SHARED 7,325
WRIGLEY JR CO. COMMON STOCK 982526105 837 9300 SH SHARED 9,300
XEROX CORPORATION COMMON STOCK 984121103 6517 110334 SH SHARED 110,334
XTRA CORP COMMON STOCK 984138107 1493 32500 SH SHARED 32,500
YANKEE ENERGY SYSTEM COMMON STOCK 984779108 971 24400 SH SHARED 24,400
ZALE CORP. COMMON STOCK 988858106 2800 70000 SH SHARED 70,000
FRUIT OF THE LOOM INC. COMMON STOCK G3682L105 58 5900 SH SHARED 5,900
</TABLE>
