<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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: Old Mutual Asset Managers (UK) Limited
Address: 80 Cheapside, 5th Floor
London EC2V 6EE
England, U.K.
Form 13F File Number: 28-07764
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: Jonathan E. Halsey
Title: Chief Compliance Officer
Phone: 011-44-171-332-7523
Signature, Place, and Date of Signing:
/s/ Jonathan E. Halsey
- ----------------------
London, England, U.K.
July 27, 1999
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:
<PAGE> 2
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 175
Form 13F Information Table Value Total: $2,732,491 (thousands)
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.
NONE
<PAGE> 3
<TABLE>
<CAPTION>
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
Name of Issuer Title of Class CUSIP Value Shares or SH/PRN Put / Call Investment Other
Number (x$1,000) Principal Discretion Managers
Amount
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM 002824100 $ 96,277 2,121,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AEGON N V ORD AMER REG 007924103 $ 1,333 18,028 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AETNA INC COM 008117103 $ 14,945 167,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ALLSTATE CORP COM 020002101 $ 33,662 938,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AMERCIAN EXPRESS CO COM 025816109 $ 43,345 333,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AMERICAN INTL GROUP INC COM 026874107 $ 73,857 629,910 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AMERICAN PWR CONVERSION CORP COM 029066107 $ 17,563 872,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AMR CORP COM 001765106 $ 14,489 212,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ANHEUSER BUSCH COS INC COM 035229103 $ 1,790 25,240 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
APPLE COMPUTER INC COM 037833100 $ 565 12,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ARACRUZ CELULOSE S A SPONSORED ADR CL B 038496204 $ 559 25,400 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ARCHER DANIELS MIDLAND CO COM 039483102 $ 11,737 760,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AT & T CORP COM LIB GRP A 001957208 $ 478 13,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AVNET INC COM 053807103 $ 1,279 27,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
AVON PRODS INC COM 054303102 $ 48,940 881,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BANCO DE A EDWARDS SPNS ADR REP A 059504100 $ 218 15,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BANCO DE GALICIA Y BUENOS AIRE SPNS ADR B NEW 059538207 $ 216 10,689 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BANCO RIO DE LA PLATA SA SPONS ADR CL B 059644104 $ 227 23,850 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BANCO SANTANDER CHILE SPON ADR SER A 05965F108 $ 248 16,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BANKAMERICA CORP NEW COM 06605F102 $ 12,068 164,616 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BECTON DICKINSON & CO COM 075887109 $ 19,050 635,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BELL ATLANTIC CORP COM 077853109 $ 211 3,220 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BERKSHIRE HATHAWAY INC DEL CL A 084670108 $ 896 13 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BMC SOFTWARE INC COM 055921100 $ 23,760 440,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BRISTOL MYERS SQUIBB CO COM 110122108 $ 48,912 694,400 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
BRUNSWICK CORP COM 117043109 $ 598 21,450 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CAMPBELL SOUP CO COM 134429109 $ 4,689 101,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CARNIVAL CORP COM 143658102 $ 29,090 599,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CATERPILLAR INC DEL COM 149123101 $ 28,050 467,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CENDANT CORP COM 151313103 $ 23,249 1,134,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CENTEX CORP COM 152312104 $ 1,604 42,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CHUBB CORP COM 171232101 $ 8,145 117,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CIGNA CORP COM 125509109 $ 24,595 276,350 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CISCO SYS INC COM 17275R102 $ 105,851 1,642,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CITIGROUP INC COM 172967101 $ 47,112 991,830 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CNF TRANSN INC COM 12612W104 $ 774 20,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COASTAL CORP COM 190441105 $ 11,664 289,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COCA COLA CO COM 191216100 $ 59,286 956,225 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 $ 22,746 997,075 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COMPANHIA PARANAENSE ENERG COP SPONS ADR PFD 20441B407 $ 364 43,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COMPANIA DE TELECOMUNICS CHILE SPNSRD ADR NEW 204449300 $ 1,179 47,653 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COMPAQ COMPUTER CORP COM 204493100 $ 1,800 75,977 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COMPUTER ASSOC INTL INC COM 204912109 $ 43,617 796,650 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COSTCO COMPANIES INC COM 22160Q102 $ 8,198 102,400 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
COUNTRYWIDE CR INDS INC DEL COM 222372104 $ 3,942 92,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CREDICORP LTD COM G2519Y108 $ 432 39,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------ --------------------------------
Name of Issuer Voting Authority
--------------------------------
Sole Shared None
- ------------------------------ ---------- ---------- ----------
<S> <C> <C> <C>
ABBOTT LABS 2,121,800
- ------------------------------ ---------- ---------- ----------
AEGON N V 18,028
- ------------------------------ ---------- ---------- ----------
AETNA INC 167,100
- ------------------------------ ---------- ---------- ----------
ALLSTATE CORP 938,300
- ------------------------------ ---------- ---------- ----------
AMERCIAN EXPRESS CO 333,100
- ------------------------------ ---------- ---------- ----------
AMERICAN INTL GROUP INC 629,910
- ------------------------------ ---------- ---------- ----------
AMERICAN PWR CONVERSION CORP 872,700
- ------------------------------ ---------- ---------- ----------
AMR CORP 212,300
- ------------------------------ ---------- ---------- ----------
ANHEUSER BUSCH COS INC 25,240
- ------------------------------ ---------- ---------- ----------
APPLE COMPUTER INC 12,200
- ------------------------------ ---------- ---------- ----------
ARACRUZ CELULOSE S A 25,400
- ------------------------------ ---------- ---------- ----------
ARCHER DANIELS MIDLAND CO 760,300
- ------------------------------ ---------- ---------- ----------
AT & T CORP 13,000
- ------------------------------ ---------- ---------- ----------
AVNET INC 27,500
- ------------------------------ ---------- ---------- ----------
AVON PRODS INC 881,800
- ------------------------------ ---------- ---------- ----------
BANCO DE A EDWARDS 15,000
- ------------------------------ ---------- ---------- ----------
BANCO DE GALICIA Y BUENOS AIRE 10,689
- ------------------------------ ---------- ---------- ----------
BANCO RIO DE LA PLATA SA 23,850
- ------------------------------ ---------- ---------- ----------
BANCO SANTANDER CHILE 16,000
- ------------------------------ ---------- ---------- ----------
BANKAMERICA CORP NEW 164,616
- ------------------------------ ---------- ---------- ----------
BECTON DICKINSON & CO 635,000
- ------------------------------ ---------- ---------- ----------
BELL ATLANTIC CORP 3,220
- ------------------------------ ---------- ---------- ----------
BERKSHIRE HATHAWAY INC DEL 13
- ------------------------------ ---------- ---------- ----------
BMC SOFTWARE INC 440,000
- ------------------------------ ---------- ---------- ----------
BRISTOL MYERS SQUIBB CO 694,400
- ------------------------------ ---------- ---------- ----------
BRUNSWICK CORP 21,450
- ------------------------------ ---------- ---------- ----------
CAMPBELL SOUP CO 101,100
- ------------------------------ ---------- ---------- ----------
CARNIVAL CORP 599,800
- ------------------------------ ---------- ---------- ----------
CATERPILLAR INC DEL 467,500
- ------------------------------ ---------- ---------- ----------
CENDANT CORP 1,134,100
- ------------------------------ ---------- ---------- ----------
CENTEX CORP 42,700
- ------------------------------ ---------- ---------- ----------
CHUBB CORP 117,200
- ------------------------------ ---------- ---------- ----------
CIGNA CORP 276,350
- ------------------------------ ---------- ---------- ----------
CISCO SYS INC 1,642,700
- ------------------------------ ---------- ---------- ----------
CITIGROUP INC 991,830
- ------------------------------ ---------- ---------- ----------
CNF TRANSN INC 20,100
- ------------------------------ ---------- ---------- ----------
COASTAL CORP 289,800
- ------------------------------ ---------- ---------- ----------
COCA COLA CO 956,225
- ------------------------------ ---------- ---------- ----------
COLUMBIA/HCA HEALTHCARE CORP 997,075
- ------------------------------ ---------- ---------- ----------
COMPANHIA PARANAENSE ENERG COP 43,500
- ------------------------------ ---------- ---------- ----------
COMPANIA DE TELECOMUNICS CHILE 47,653
- ------------------------------ ---------- ---------- ----------
COMPAQ COMPUTER CORP 75,977
- ------------------------------ ---------- ---------- ----------
COMPUTER ASSOC INTL INC 796,650
- ------------------------------ ---------- ---------- ----------
COSTCO COMPANIES INC 102,400
- ------------------------------ ---------- ---------- ----------
COUNTRYWIDE CR INDS INC DEL 92,200
- ------------------------------ ---------- ---------- ----------
CREDICORP LTD 39,300
- ------------------------------ ---------- ---------- ----------
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
Name of Issuer Title of Class CUSIP Value Shares or SH/PRN Put / Call Investment Other
Number (x$1,000) Principal Discretion Managers
Amount
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CROWN CORK & SEAL INC COM 228255105 $ 5,007 175,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CSX CORP COM 126408103 $ 8,113 178,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
CUMMINS ENGINE INC COM 231021106 $ 286 5,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DAYTON HUDSON CORP COM 239753106 $ 42,575 655,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DEERE & CO COM 244199105 $ 6,409 163,550 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DELPHI AUTOMOTIVE SYS CORP COM 247126105 $ 7,613 411,527 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DELTA AIR LINES INC DEL COM 247361108 $ 15,818 274,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DIAL CORP NEW COM 25247D101 $ 14,689 395,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DOVER CORP COM 260003108 $ 3,171 90,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DOW CHEM CO COM 260543103 $ 2,512 19,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
DOW JONES & CO INC COM 260561105 $ 1,862 35,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ECI TELECOM LTD ORD 268258100 $ 206 6,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
EMBOTELLADORA ANDINA S A SPONSORED ADR A 29081P204 $ 679 33,960 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
EMC CORP MASS COM 268648102 $ 43,236 786,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
EMPRESA NACIONAL DE ELCTRCIDAD SPONSORED ADR 29244T101 $ 280 23,332 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ENERSIS S A SPONSORED ADR 29274F104 $ 986 43,083 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ENTERGY CORP NEW COM 29364G103 $ 17,272 552,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
FEDERAL NATL MTG ASSN COM 313586109 $ 70,134 1,027,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
FLEET FINL GROUP INC NEW COM 338915101 $ 4,517 101,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
FLUOR CORP COM 343861100 $ 2,138 52,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
FOMENTO ECONOMICO MEXICANO SA SPND ADR FEMSA 344419106 $ 1,352 33,900 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GANNETT INC COM 364730101 $ 42,418 594,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GAP INC DEL COM 364760108 $ 115,688 2,296,544 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GENERAL MLS INC COM 370334104 $ 17,666 219,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GENERAL MTRS CORP COM 370442105 $ 38,861 588,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GENSET SA SPONSORED ADR 37244T104 $ 1,972 126,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GOLDEN WEST FINL CORP DEL COM 381317106 $ 3,141 32,050 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GOODYEAR TIRE & RUBR CO COM 382550101 $ 2,100 35,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GRACE W R & CO DEL NEW COM 38388F108 $ 1,015 53,400 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GRUPO IUSACELL SA DE CV ADR REP L SHS 40049W306 $ 446 34,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GRUPO TELEVISA SA DE CV SPN ADR REPORD 40049J206 $ 1,172 26,150 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
GULF INDONESIA RES LTD COM 402284103 $ 335 29,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
HARTFORD FINL SVCS GROUP INC COM 416515104 $ 30,078 515,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
HUMANA INC COM 444859102 $ 3,145 3,150,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ILLINOIS TOOL WORKS INC COM 452308109 $ 830 10,150 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
IMS HEALTH INC COM 449934108 $ 5,756 184,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
INDIA FD INC COM 454089103 $ 4,382 440,950 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
INDIA GROWTH FD INC COM 454090101 $ 341 11,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
INGERSOLL RAND CO COM 456866102 $ 3,535 54,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
INTEL CORP COM 458140100 $ 38,362 644,740 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
INTERNATIONAL BUSINESS MACHS COM 459200101 $ 140,172 1,084,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
INTERNATIONAL GAME TECHNOLOGY COM 459902102 $ 2,320 125,400 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
INTERPUBLIC GROUP COS INC COM 460690100 $ 27,521 317,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
JARDINE FLEMING INDIA FD INC COM 471112102 $ 1,239 177,040 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
JEFFERSON PILOT CORP COM 475070108 $ 4,693 70,900 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
JOHNSON CTLS INC COM 478366107 $ 1,407 20,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------ --------------------------------
Name of Issuer Voting Authority
--------------------------------
Sole Shared None
- ------------------------------ ---------- ---------- ----------
<S> <C> <C> <C>
CROWN CORK & SEAL INC 175,700
- ------------------------------ ---------- ---------- ----------
CSX CORP 178,800
- ------------------------------ ---------- ---------- ----------
CUMMINS ENGINE INC 5,000
- ------------------------------ ---------- ---------- ----------
DAYTON HUDSON CORP 655,000
- ------------------------------ ---------- ---------- ----------
DEERE & CO 163,550
- ------------------------------ ---------- ---------- ----------
DELPHI AUTOMOTIVE SYS CORP 411,527
- ------------------------------ ---------- ---------- ----------
DELTA AIR LINES INC DEL 274,500
- ------------------------------ ---------- ---------- ----------
DIAL CORP NEW 395,000
- ------------------------------ ---------- ---------- ----------
DOVER CORP 90,600
- ------------------------------ ---------- ---------- ----------
DOW CHEM CO 19,800
- ------------------------------ ---------- ---------- ----------
DOW JONES & CO INC 35,100
- ------------------------------ ---------- ---------- ----------
ECI TELECOM LTD 6,200
- ------------------------------ ---------- ---------- ----------
EMBOTELLADORA ANDINA S A 33,960
- ------------------------------ ---------- ---------- ----------
EMC CORP MASS 786,100
- ------------------------------ ---------- ---------- ----------
EMPRESA NACIONAL DE ELCTRCIDAD 23,332
- ------------------------------ ---------- ---------- ----------
ENERSIS S A 43,083
- ------------------------------ ---------- ---------- ----------
ENTERGY CORP NEW 552,700
- ------------------------------ ---------- ---------- ----------
FEDERAL NATL MTG ASSN 1,027,600
- ------------------------------ ---------- ---------- ----------
FLEET FINL GROUP INC NEW 101,800
- ------------------------------ ---------- ---------- ----------
FLUOR CORP 52,800
- ------------------------------ ---------- ---------- ----------
FOMENTO ECONOMICO MEXICANO SA 33,900
- ------------------------------ ---------- ---------- ----------
GANNETT INC 594,300
- ------------------------------ ---------- ---------- ----------
GAP INC DEL 2,296,544
- ------------------------------ ---------- ---------- ----------
GENERAL MLS INC 219,800
- ------------------------------ ---------- ---------- ----------
GENERAL MTRS CORP 588,800
- ------------------------------ ---------- ---------- ----------
GENSET SA 126,200
- ------------------------------ ---------- ---------- ----------
GOLDEN WEST FINL CORP DEL 32,050
- ------------------------------ ---------- ---------- ----------
GOODYEAR TIRE & RUBR CO 35,700
- ------------------------------ ---------- ---------- ----------
GRACE W R & CO DEL NEW 53,400
- ------------------------------ ---------- ---------- ----------
GRUPO IUSACELL SA DE CV 34,300
- ------------------------------ ---------- ---------- ----------
GRUPO TELEVISA SA DE CV 26,150
- ------------------------------ ---------- ---------- ----------
GULF INDONESIA RES LTD 29,100
- ------------------------------ ---------- ---------- ----------
HARTFORD FINL SVCS GROUP INC 515,800
- ------------------------------ ---------- ---------- ----------
HUMANA INC 3,150,000
- ------------------------------ ---------- ---------- ----------
ILLINOIS TOOL WORKS INC 10,150
- ------------------------------ ---------- ---------- ----------
IMS HEALTH INC 184,200
- ------------------------------ ---------- ---------- ----------
INDIA FD INC 440,950
- ------------------------------ ---------- ---------- ----------
INDIA GROWTH FD INC 11,000
- ------------------------------ ---------- ---------- ----------
INGERSOLL RAND CO 54,700
- ------------------------------ ---------- ---------- ----------
INTEL CORP 644,740
- ------------------------------ ---------- ---------- ----------
INTERNATIONAL BUSINESS MACHS 1,084,500
- ------------------------------ ---------- ---------- ----------
INTERNATIONAL GAME TECHNOLOGY 125,400
- ------------------------------ ---------- ---------- ----------
INTERPUBLIC GROUP COS INC 317,700
- ------------------------------ ---------- ---------- ----------
JARDINE FLEMING INDIA FD INC 177,040
- ------------------------------ ---------- ---------- ----------
JEFFERSON PILOT CORP 70,900
- ------------------------------ ---------- ---------- ----------
JOHNSON CTLS INC 20,300
- ------------------------------ ---------- ---------- ----------
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
Name of Issuer Title of Class CUSIP Value Shares or SH/PRN Put / Call Investment Other
Number (x$1,000) Principal Discretion Managers
Amount
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
K MART CORP COM 482584109 $ 10,459 633,900 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
LIFEPOINT HOSPITALS INC COM 53219L109 $ 705 52,475 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
LINCOLN NATL CORP IND COM 534187109 $ 20,747 396,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
LIZ CLAIBORNE INC COM 539320101 $ 252 250,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MARRIOTT INTL INC NEW CL A 571903202 $ 3,883 103,900 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MATAV-CABLE SYS MEDIA LTD SPONSORED ADR 576561104 $ 264 9,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MAYTAG CORP COM 578592107 $ 5,390 77,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MBIA INC COM 55262C100 $ 4,759 73,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MBNA CORP COM 55262L100 $ 13,870 452,900 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MCDERMOTT INTL INC COM 580037109 $ 1,116 39,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MCDONALDS CORP COM 580135101 $ 11,671 283,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MERRILL LYNCH & CO INC COM 590188108 $ 29,991 377,250 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MICROSOFT CORP COM 594918104 $ 152,832 1,694,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MOBIL CORP COM 607059102 $ 214 2,170 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
MORGAN STANLEY INDIA INVT FD COM 61745C105 $ 25,051 25,000,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
NAVISTAR INTL CORP NEW COM 63934E108 $ 10,010 10,000,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
NEWELL CO COM 651192106 $ 13,838 298,400 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
NIAGARA MOHAWK HLDGS INC COM 653520106 $ 88 546,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
NIELSON MEDIA RESH INC COM 653929307 $ 870 29,733 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
NORTEL NETWORKS CORP COM 656569100 $ 1,412 16,260 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
NORTHEAST UTILS COM 664397106 $ 114,239 11,617,335 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ORACLE CORP COM 68389X105 $ 97,755 2,633,137 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PAINE WEBBER GROUP INC COM 695629105 $ 5,587 119,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PAKISTAN INV FD INC COM 695844100 $ 134 65,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PARAMETRIC TECHNOLOGY CORP COM 699173100 $ 1,188 85,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PARKER HANNIFIN CORP COM 701094104 $ 3,669 80,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PE CORP COM PE BIO GRP 69332S102 $ 11,234 97,900 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PECO ENERGY CO COM 693304107 $ 861 20,550 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PERKIN ELMER CORP COM 714041100 $ 22,468 195,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PERUSAHAAN PERS INDO SATELLITE SPONSORED ADR 715680104 $ 429 22,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 $ 697 23,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PITTSTON CO COM BRINKS GRP 725701106 $ 1,212 45,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PP & L RES INC COM 693499105 $ 3,638 118,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PRAXAIR INC COM 74005P104 $ 2,011 41,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PROMUS HOTEL CORP NEW COM 74342P106 $ 759 24,470 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
PROVIDIAN FINL CORP COM 74406A102 $ 3,490 37,425 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
QUAKER OATS CO COM 747401105 $ 22,946 345,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
QUILMES INDL QUINSA SOCIETE SPN ADR NV PFD 74838Y108 $ 157 12,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
RALSTON PURINA CO COM RAL-PUR GP 751277302 $ 9,492 311,850 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
RAYCHEM CORP DEL COM 754603108 $ 1,684 45,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
RAYTHEON CO CL A 755111309 $ 25,069 25,000,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
REYNOLDS METALS CO COM 761763101 $ 490 8,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
RH DONNELLEY CORP COM NEW 74955W307 $ 264 13,470 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ROC TAIWAN FD SH BEN INT 749651105 $ 6,157 763,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ROHM & HAAS CO COM 775371107 $ 7,615 177,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
SAFECO CORP COM 786429100 $ 560 12,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------ --------------------------------
Name of Issuer Voting Authority
--------------------------------
Sole Shared None
- ------------------------------ ---------- ---------- ----------
<S> <C> <C> <C>
K MART CORP 633,900
- ------------------------------ ---------- ---------- ----------
LIFEPOINT HOSPITALS INC 52,475
- ------------------------------ ---------- ---------- ----------
LINCOLN NATL CORP IND 396,600
- ------------------------------ ---------- ---------- ----------
LIZ CLAIBORNE INC 250,000
- ------------------------------ ---------- ---------- ----------
MARRIOTT INTL INC NEW 103,900
- ------------------------------ ---------- ---------- ----------
MATAV-CABLE SYS MEDIA LTD 9,600
- ------------------------------ ---------- ---------- ----------
MAYTAG CORP 77,200
- ------------------------------ ---------- ---------- ----------
MBIA INC 73,500
- ------------------------------ ---------- ---------- ----------
MBNA CORP 452,900
- ------------------------------ ---------- ---------- ----------
MCDERMOTT INTL INC 39,500
- ------------------------------ ---------- ---------- ----------
MCDONALDS CORP 283,800
- ------------------------------ ---------- ---------- ----------
MERRILL LYNCH & CO INC 377,250
- ------------------------------ ---------- ---------- ----------
MICROSOFT CORP 1,694,600
- ------------------------------ ---------- ---------- ----------
MOBIL CORP 2,170
- ------------------------------ ---------- ---------- ----------
MORGAN STANLEY INDIA INVT FD 25,000,000
- ------------------------------ ---------- ---------- ----------
NAVISTAR INTL CORP NEW 10,000,000
- ------------------------------ ---------- ---------- ----------
NEWELL CO 298,400
- ------------------------------ ---------- ---------- ----------
NIAGARA MOHAWK HLDGS INC 546,000
- ------------------------------ ---------- ---------- ----------
NIELSON MEDIA RESH INC 29,733
- ------------------------------ ---------- ---------- ----------
NORTEL NETWORKS CORP 16,260
- ------------------------------ ---------- ---------- ----------
NORTHEAST UTILS 11,617,335
- ------------------------------ ---------- ---------- ----------
ORACLE CORP 2,633,137
- ------------------------------ ---------- ---------- ----------
PAINE WEBBER GROUP INC 119,500
- ------------------------------ ---------- ---------- ----------
PAKISTAN INV FD INC 65,000
- ------------------------------ ---------- ---------- ----------
PARAMETRIC TECHNOLOGY CORP 85,600
- ------------------------------ ---------- ---------- ----------
PARKER HANNIFIN CORP 80,200
- ------------------------------ ---------- ---------- ----------
PE CORP 97,900
- ------------------------------ ---------- ---------- ----------
PECO ENERGY CO 20,550
- ------------------------------ ---------- ---------- ----------
PERKIN ELMER CORP 195,800
- ------------------------------ ---------- ---------- ----------
PERUSAHAAN PERS INDO SATELLITE 22,000
- ------------------------------ ---------- ---------- ----------
PHILIPPINE LONG DISTANCE TEL 23,100
- ------------------------------ ---------- ---------- ----------
PITTSTON CO 45,300
- ------------------------------ ---------- ---------- ----------
PP & L RES INC 118,300
- ------------------------------ ---------- ---------- ----------
PRAXAIR INC 41,100
- ------------------------------ ---------- ---------- ----------
PROMUS HOTEL CORP NEW 24,470
- ------------------------------ ---------- ---------- ----------
PROVIDIAN FINL CORP 37,425
- ------------------------------ ---------- ---------- ----------
QUAKER OATS CO 345,700
- ------------------------------ ---------- ---------- ----------
QUILMES INDL QUINSA SOCIETE 12,700
- ------------------------------ ---------- ---------- ----------
RALSTON PURINA CO 311,850
- ------------------------------ ---------- ---------- ----------
RAYCHEM CORP DEL 45,500
- ------------------------------ ---------- ---------- ----------
RAYTHEON CO 25,000,000
- ------------------------------ ---------- ---------- ----------
REYNOLDS METALS CO 8,300
- ------------------------------ ---------- ---------- ----------
RH DONNELLEY CORP 13,470
- ------------------------------ ---------- ---------- ----------
ROC TAIWAN FD 763,700
- ------------------------------ ---------- ---------- ----------
ROHM & HAAS CO 177,600
- ------------------------------ ---------- ---------- ----------
SAFECO CORP 12,700
- ------------------------------ ---------- ---------- ----------
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
Name of Issuer Title of Class CUSIP Value Shares or SH/PRN Put / Call Investment Other
Number (x$1,000) Principal Discretion Managers
Amount
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SARA LEE CORP COM 803111103 $ 27,999 1,234,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
SCHERING PLOUGH CORP COM 806605101 $ 81,860 1,559,230 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
SERVICE CORP INTL COM 817565104 $ 1,663 86,400 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
SOUTHWEST AIRLS CO COM 844741108 $ 20,099 645,750 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
ST PAUL COS INC COM 792860108 $ 2,509 78,854 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TAIWAN EQUITY FD INC COM 874031107 $ 1,258 93,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TAIWAN FD INC COM 874036106 $ 8,149 392,700 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TANDY CORP COM 875382103 $ 25,065 25,000,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TEKTRONIX INC COM 879131100 $ 1,032 34,200 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TELE NORTE LESTE PART S A SPNSR ADR PFD 879246106 $ 436 23,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TELEFONICA DE ARGENTINA S A SPNSR ADR CL B 879378206 $ 1,053 33,550 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TELEFONICA DEL PERU S A SPNSR ADR CL B 879384105 $ 534 35,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TELEFONOS DE MEXICO S A ADR NOMINATIVE 879403400 $ 3,523 43,590 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TIDEWATER INC COM 886423102 $ 217 7,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TIMES MIRROR CO NEW COM SER A 887364107 $ 13,716 231,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TORCHMARK CORP COM 891027104 $ 2,508 73,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TOYS R US INC COM 892335100 $ 1,561 75,450 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TRANSAMERICA CORP COM 893485102 $ 9,000 120,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TRIAD HOSPITALS INC COM 89579K109 $ 708 52,475 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TRIBUNE CO NEW COM 896047107 $ 1,424 163,550 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TRINITY INDS INC COM 896522109 $ 1,042 31,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TRW INC COM 872649108 $ 774 14,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
TYCO INTL LTD NEW COM 902124106 $ 246 2,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
UAL CORP COM PAR $0.01 902549500 $ 4,223 65,350 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
UNION CARBIDE CORP COM 905581104 $ 1,945 39,900 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
UNITED HEALTHCARE CORP COM 910581107 $ 65,756 105,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
UNITED TECHNOLOGIES CORP COM 913017109 $ 63,000 875,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
US AIRWAYS GROUP INC COM 911905107 $ 4,032 92,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
VENATOR GROUP INC COM 922944103 $ 204 19,500 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
VF CORP COM 918204108 $ 2,736 64,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
VIAD CORP COM 92552R109 $ 3,289 106,300 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
VINA CONCHA Y TORO S A SPONSORED ADR 927191106 $ 652 18,100 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
VULCAN MATLS CO COM 929160109 $ 12,919 267,750 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
WADDELL & REED FINL INC CL B 930059209 $ 486 18,000 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
WALGREEN CO COM 931422109 $ 1,140 38,800 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
WASHINGTON MUT INC COM 939322103 $ 5,927 166,656 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
XEROX CORP COM 984121103 $ 77,525 1,312,600 SH SOLE
- ------------------------------ --------------------- -------------- ---------- ----------- ------- ---------- ------------ --------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------ --------------------------------
Name of Issuer Voting Authority
--------------------------------
Sole Shared None
- ------------------------------ ---------- ---------- ----------
<S> <C> <C> <C>
SARA LEE CORP 1,234,100
- ------------------------------ ---------- ---------- ----------
SCHERING PLOUGH CORP 1,559,230
- ------------------------------ ---------- ---------- ----------
SERVICE CORP INTL 86,400
- ------------------------------ ---------- ---------- ----------
SOUTHWEST AIRLS CO 645,750
- ------------------------------ ---------- ---------- ----------
ST PAUL COS INC 78,854
- ------------------------------ ---------- ---------- ----------
TAIWAN EQUITY FD INC 93,200
- ------------------------------ ---------- ---------- ----------
TAIWAN FD INC 392,700
- ------------------------------ ---------- ---------- ----------
TANDY CORP 25,000,000
- ------------------------------ ---------- ---------- ----------
TEKTRONIX INC 34,200
- ------------------------------ ---------- ---------- ----------
TELE NORTE LESTE PART S A 23,500
- ------------------------------ ---------- ---------- ----------
TELEFONICA DE ARGENTINA S A 33,550
- ------------------------------ ---------- ---------- ----------
TELEFONICA DEL PERU S A 35,300
- ------------------------------ ---------- ---------- ----------
TELEFONOS DE MEXICO S A 43,590
- ------------------------------ ---------- ---------- ----------
TIDEWATER INC 7,100
- ------------------------------ ---------- ---------- ----------
TIMES MIRROR CO NEW 231,500
- ------------------------------ ---------- ---------- ----------
TORCHMARK CORP 73,500
- ------------------------------ ---------- ---------- ----------
TOYS R US INC 75,450
- ------------------------------ ---------- ---------- ----------
TRANSAMERICA CORP 120,000
- ------------------------------ ---------- ---------- ----------
TRIAD HOSPITALS INC 52,475
- ------------------------------ ---------- ---------- ----------
TRIBUNE CO NEW 163,550
- ------------------------------ ---------- ---------- ----------
TRINITY INDS INC 31,100
- ------------------------------ ---------- ---------- ----------
TRW INC 14,100
- ------------------------------ ---------- ---------- ----------
TYCO INTL LTD NEW 2,600
- ------------------------------ ---------- ---------- ----------
UAL CORP 65,350
- ------------------------------ ---------- ---------- ----------
UNION CARBIDE CORP 39,900
- ------------------------------ ---------- ---------- ----------
UNITED HEALTHCARE CORP 105,500
- ------------------------------ ---------- ---------- ----------
UNITED TECHNOLOGIES CORP 875,000
- ------------------------------ ---------- ---------- ----------
US AIRWAYS GROUP INC 92,500
- ------------------------------ ---------- ---------- ----------
VENATOR GROUP INC 19,500
- ------------------------------ ---------- ---------- ----------
VF CORP 64,000
- ------------------------------ ---------- ---------- ----------
VIAD CORP 106,300
- ------------------------------ ---------- ---------- ----------
VINA CONCHA Y TORO S A 18,100
- ------------------------------ ---------- ---------- ----------
VULCAN MATLS CO 267,750
- ------------------------------ ---------- ---------- ----------
WADDELL & REED FINL INC 18,000
- ------------------------------ ---------- ---------- ----------
WALGREEN CO 38,800
- ------------------------------ ---------- ---------- ----------
WASHINGTON MUT INC 166,656
- ------------------------------ ---------- ---------- ----------
XEROX CORP 1,312,600
- ------------------------------ ---------- ---------- ----------
</TABLE>
