<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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.
May 13, 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: 208
Form 13F Information Table Value Total: $2,190,363 (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>
FORM 13F INFORMATION TABLE
- ------------------------------------------------------------------------------------------------------------------------------------
Voting Authority
- ------------------------------------------------------------------------------------------------------------------------------
Name of Issuer Title CUSIP Value Shrs or SH/ Put/ Investment Other Sole Shared None
of class (x$1000) pm amt PRN call discretion manager
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM 002824100 100,118 2,138,700 SH SOLE 2,138,700
- ------------------------------------------------------------------------------------------------------------------------------------
AEGON NV SPONSORED ADR 007924103 1,620 18,028 SH SOLE 18,028
- ------------------------------------------------------------------------------------------------------------------------------------
AETNA INC COM 008117103 11,396 137,300 SH SOLE 137,300
- ------------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP COM 020002101 34,776 938,300 SH SOLE 938,300
- ------------------------------------------------------------------------------------------------------------------------------------
ALUMINIUM CO AMER COM 022249106 577 14,000 SH SOLE 14,000
- ------------------------------------------------------------------------------------------------------------------------------------
AMERCIAN EXPRESS CO COM 025816109 1,531 13,000 SH SOLE 13,000
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN GENERAL CORP COM 026351106 1,410 20,000 SH SOLE 20,000
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP INC COM 026874107 50,905 422,011 SH SOLE 422,011
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN PWR CONVERSION CORP COM 029066107 3,564 47,600 SH SOLE 47,600
- ------------------------------------------------------------------------------------------------------------------------------------
AMGEN INC COM 031162100 3,564 47,600 SH SOLE 47,600
- ------------------------------------------------------------------------------------------------------------------------------------
AMR CORP COM 001765106 12,433 212,300 SH SOLE 212,300
- ------------------------------------------------------------------------------------------------------------------------------------
ANHEUSER BUSCH COS INC COM 035229103 3,063 40,240 SH SOLE 40,240
- ------------------------------------------------------------------------------------------------------------------------------------
ANTEC CORP COM 03664P105 613 28,500 SH SOLE 28,500
- ------------------------------------------------------------------------------------------------------------------------------------
APPLE COMPUTER INC COM 037833100 438 12,200 SH SOLE 12,200
- ------------------------------------------------------------------------------------------------------------------------------------
APPLIED MTLS INC COM 038222105 27,932 452,800 SH SOLE 452,800
- ------------------------------------------------------------------------------------------------------------------------------------
ARACRUZ CELULOSE ADR SPONSORED ADR 038496204 293 20,200 SH SOLE 20,200
- ------------------------------------------------------------------------------------------------------------------------------------
ARCHER DANIELS MIDLAND CO INC COM 039483102 11,167 760,300 SH SOLE 760,300
- ------------------------------------------------------------------------------------------------------------------------------------
AUTOMATIC DATA PROCESSING INC COM 053015103 3,310 80,000 SH SOLE 80,000
- ------------------------------------------------------------------------------------------------------------------------------------
AVERY DENNISON CORP COM 053611109 1,840 32,000 SH SOLE 32,000
- ------------------------------------------------------------------------------------------------------------------------------------
AVNET INC COM 053807103 1,011 27,500 SH SOLE 27,500
- ------------------------------------------------------------------------------------------------------------------------------------
AVON PRODS INC COM 054303102 23,268 494,400 SH SOLE 494,400
- ------------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP COM 06605F102 11,626 164,616 SH SOLE 164,616
- ------------------------------------------------------------------------------------------------------------------------------------
BECTON DICKSON & CO COM 075887109 24,328 635,000 SH SOLE 635,000
- ------------------------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC CORP COM 077853109 3,423 66,220 SH SOLE 66,220
- ------------------------------------------------------------------------------------------------------------------------------------
BERKSHIRE HATHAWAY INC DEL CL A 084670108 928 13 SH SOLE 13
- ------------------------------------------------------------------------------------------------------------------------------------
BLUE SQUARE-ISRAEL LTD SPONSORED ADR 096055108 159 12,500 SH SOLE 12,500
- ------------------------------------------------------------------------------------------------------------------------------------
BMC SOFTWARE INC COM 055921100 16,308 440,000 SH SOLE 440,000
- ------------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO COM 110122108 47,638 743,600 SH SOLE 743,600
- ------------------------------------------------------------------------------------------------------------------------------------
BRUNSWICK CORP COM 117043109 409 21,450 SH SOLE 21,450
- ------------------------------------------------------------------------------------------------------------------------------------
BUDGET GROUP INC CL A 119003101 1,247 101,800 SH SOLE 101,800
- ------------------------------------------------------------------------------------------------------------------------------------
BURLINGTON RES INC COM 122014103 3,431 85,900 SH SOLE 85,900
- ------------------------------------------------------------------------------------------------------------------------------------
CAMPBELL SOUP CO COM 134429109 4,114 101,100 SH SOLE 101,100
- ------------------------------------------------------------------------------------------------------------------------------------
CARDINAL HEALTH INC COM 14149Y108 1,881 28,500 SH SOLE 28,500
- ------------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP COM 143658102 35,907 739,400 SH SOLE 739,400
- ------------------------------------------------------------------------------------------------------------------------------------
CATERPILLAR INC DEL COM 149123101 21,476 467,500 SH SOLE 467,500
- ------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP COM 151313103 10,444 655,300 SH SOLE 655,300
- ------------------------------------------------------------------------------------------------------------------------------------
CENTEX CORP COM 152312104 1,425 42,700 SH SOLE 42,700
- ------------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP COM 171232101 4,662 79,600 SH SOLE 79,600
- ------------------------------------------------------------------------------------------------------------------------------------
CIGNA CORP COM 125509109 21,485 256,350 SH SOLE 256,350
- ------------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC COM 17275R102 61,569 561,950 SH SOLE 561,950
- ------------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC COM 172967101 53,782 841,987 SH SOLE 841,987
- ------------------------------------------------------------------------------------------------------------------------------------
CNF TRANSN INC COM 12612W104 760 20,100 SH SOLE 20,100
- ------------------------------------------------------------------------------------------------------------------------------------
COASTAL CORP COM 190441105 9,563 289,800 SH SOLE 289,800
- ------------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO COM 191216100 58,688 956,225 SH SOLE 956,225
- ------------------------------------------------------------------------------------------------------------------------------------
COLGATE PALMOLIVE COM 194162103 2,171 23,600 SH SOLE 23,600
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMBIA/HCA HLTHCR CORP COM 197677107 7,215 380,975 SH SOLE 380,975
- ------------------------------------------------------------------------------------------------------------------------------------
COMPANHIA PARANAENSE ENERG COP SPON ADR PFD 20441B407 150 20,000 SH SOLE 20,000
- ------------------------------------------------------------------------------------------------------------------------------------
COMPAQ COMPUTER CORP COM 204493100 2,408 75,977 SH SOLE 75,977
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE> 4
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOC INTL INC COM 204912109 19,120 537,650 SH SOLE 537,650
- ------------------------------------------------------------------------------------------------------------------------------------
CONAGRA INC COM 205887102 1,522 59,400 SH SOLE 59,400
- ------------------------------------------------------------------------------------------------------------------------------------
CONOCO INC CL A 208251306 516 21,000 SH SOLE 21,000
- ------------------------------------------------------------------------------------------------------------------------------------
COSTCO COMPANIES INC COM 22160Q102 5,549 60,600 SH SOLE 60,600
- ------------------------------------------------------------------------------------------------------------------------------------
COUNTRYWIDE CR IND INC DEL COM 222372104 3,458 92,200 SH SOLE 92,200
- ------------------------------------------------------------------------------------------------------------------------------------
CREE RESH INC COM 225447101 634 13,500 SH SOLE 13,500
- ------------------------------------------------------------------------------------------------------------------------------------
CROWN CORK & SEAL CO COM 228255105 5,018 175,700 SH SOLE 175,700
- ------------------------------------------------------------------------------------------------------------------------------------
CSX CORP COM 126408103 6,962 178,800 SH SOLE 178,800
- ------------------------------------------------------------------------------------------------------------------------------------
CVS CORP COM 126650100 2,869 60,400 SH SOLE 60,400
- ------------------------------------------------------------------------------------------------------------------------------------
DAIMLERCHRYSLER AG ORD D1668R123 492 5,736 SH SOLE 5,736
- ------------------------------------------------------------------------------------------------------------------------------------
DAYTON HUDSON CORP COM 239753106 25,930 389,200 SH SOLE 389,200
- ------------------------------------------------------------------------------------------------------------------------------------
DEERE & CO COM 244199105 8,863 229,450 SH SOLE 229,450
- ------------------------------------------------------------------------------------------------------------------------------------
DELTA AIR LINES INC DEL COM 247361108 19,078 274,500 SH SOLE 274,500
- ------------------------------------------------------------------------------------------------------------------------------------
DIAL CORP NEW COM 25247D101 11,395 331,500 SH SOLE 331,500
- ------------------------------------------------------------------------------------------------------------------------------------
DOVER CORP COM 260003108 2,978 90,600 SH SOLE 90,600
- ------------------------------------------------------------------------------------------------------------------------------------
DOW CHEMICAL COM 260543103 1,845 19,800 SH SOLE 19,800
- ------------------------------------------------------------------------------------------------------------------------------------
DOW JONES & CO INC COM 260561105 1,656 35,100 SH SOLE 35,100
- ------------------------------------------------------------------------------------------------------------------------------------
DUKE ENERGY CORP COM 264399106 2,340 42,700 SH SOLE 42,700
- ------------------------------------------------------------------------------------------------------------------------------------
EMBOTELLADORA ANDINA S A SPON ADR A 29081P204 273 18,000 SH SOLE 18,000
- ------------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS COM 268648102 10,258 80,300 SH SOLE 80,300
- ------------------------------------------------------------------------------------------------------------------------------------
EMPRESA NACIONAL DE ELCTRCIDAD SPONSORED ADR 29244T101 225 16,000 SH SOLE 16,000
- ------------------------------------------------------------------------------------------------------------------------------------
ENERSIS S A SPONSORED ADR 29274F104 1,106 41,250 SH SOLE 41,250
- ------------------------------------------------------------------------------------------------------------------------------------
ENRON CORP COM 293561106 1,940 30,200 SH SOLE 30,200
- ------------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORP NEW COM 29364G103 15,199 552,700 SH SOLE 552,700
- ------------------------------------------------------------------------------------------------------------------------------------
FAMILY DLR STORES INC COM 307000109 2,369 103,000 SH SOLE 103,000
- ------------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN COM 313586109 73,615 1,063,030 SH SOLE 1,063,030
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP COM 337358105 1,705 31,900 SH SOLE 31,900
- ------------------------------------------------------------------------------------------------------------------------------------
FLEET FINL GROUP INC NEW COM 338915101 3,830 101,800 SH SOLE 101,800
- ------------------------------------------------------------------------------------------------------------------------------------
FLUOR CORP COM 343861100 1,426 52,800 SH SOLE 52,800
- ------------------------------------------------------------------------------------------------------------------------------------
FOMENTO ECONOMICO MEXICANO SA SPND ADR FEMSA 344419106 783 25,300 SH SOLE 25,300
- ------------------------------------------------------------------------------------------------------------------------------------
GANNETT INC COM 364730101 41,000 650,800 SH SOLE 650,800
- ------------------------------------------------------------------------------------------------------------------------------------
GAP INC DEL COM 364760108 103,067 1,531,175 SH SOLE 1,531,175
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO COM 369604103 4,458 40,300 SH SOLE 40,300
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL MLS INC COM 370334104 16,609 219,800 SH SOLE 219,800
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL MTRS CORP COM 370442105 51,226 588,800 SH SOLE 588,800
- ------------------------------------------------------------------------------------------------------------------------------------
GENSET SA SPONSORED ADR 37244T104 3,671 238,750 SH SOLE 238,750
- ------------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO COM 375766102 2,794 47,000 SH SOLE 47,000
- ------------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING LTD COM G3921A100 948 20,500 SH SOLE 20,500
- ------------------------------------------------------------------------------------------------------------------------------------
GOLDEN WEST FINL CORP DEL COM 381317106 3,061 32,050 SH SOLE 32,050
- ------------------------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE & RUB CO COM 382550101 1,778 35,700 SH SOLE 35,700
- ------------------------------------------------------------------------------------------------------------------------------------
GRUPO IUSACELL SA DE CV ADR REPLSHS 40049W306 120 15,000 SH SOLE 15,000
- ------------------------------------------------------------------------------------------------------------------------------------
GRUPO TELEVISA SA DE CV SPN ADR REPORO 40049J206 767 24,450 SH SOLE 24,450
- ------------------------------------------------------------------------------------------------------------------------------------
GRACE W R & CO DEL NEW COM 38388F108 647 53,400 SH SOLE 53,400
- ------------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO COM 406216101 1,848 48,000 SH SOLE 48,000
- ------------------------------------------------------------------------------------------------------------------------------------
HARTFORD FINL SVCS GROUP INC COM 416515104 29,304 515,800 SH SOLE 515,800
- ------------------------------------------------------------------------------------------------------------------------------------
HASBRO INC COM 418056107 1,923 66,450 SH SOLE 66,450
- ------------------------------------------------------------------------------------------------------------------------------------
HOUSEHOLD INTL INC COM 441815107 2,263 49,600 SH SOLE 49,600
- ------------------------------------------------------------------------------------------------------------------------------------
HUMANA INC COM 444859102 1,038 60,200 SH SOLE 60,200
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHS COM 459200101 69,314 391,050 SH SOLE 391,050
- ------------------------------------------------------------------------------------------------------------------------------------
ILLINOIS TOOL WKS INC COM 452308109 628 10,150 SH SOLE 10,150
- ------------------------------------------------------------------------------------------------------------------------------------
IMS HEALTH INC COM 449934108 23,005 694,500 SH SOLE 694,500
- ------------------------------------------------------------------------------------------------------------------------------------
INDIA FD INC COM 454089103 2,970 316,750 SH SOLE 316,750
- ------------------------------------------------------------------------------------------------------------------------------------
<PAGE> 5
INDIA GROWTH FD INC COM 454090101 702 68,500 SH SOLE 68,500
- ----------------------------------------------------------------------------------------------------------------------------
INGERSOLL RAND CO COM 456866102 4,213 84,900 SH SOLE 84,900
- ----------------------------------------------------------------------------------------------------------------------------
INTEL CORP COM 458140100 15,527 130,620 SH SOLE 130,620
- ----------------------------------------------------------------------------------------------------------------------------
INTERPUBLIC GROUP COS INC COM 460690100 15,583 200,100 SH SOLE 200,100
- ----------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL GAME TECHNOLOGY COM 459902102 1,834 125,400 SH SOLE 125,400
- ----------------------------------------------------------------------------------------------------------------------------
JARDINE FLEMING INDIA FD INC COM 471112102 744 106,300 SH SOLE 106,300
- ----------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT CORP COM 475070108 4,803 70,900 SH SOLE 70,900
- ----------------------------------------------------------------------------------------------------------------------------
JOHNSON CTLS INC COM 478366107 1,266 20,300 SH SOLE 20,300
- ----------------------------------------------------------------------------------------------------------------------------
K MART CORP COM 482584109 10,657 633,900 SH SOLE 633,900
- ----------------------------------------------------------------------------------------------------------------------------
KROGER CO COM 501044101 3,735 62,372 SH SOLE 62,372
- ----------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP IND COM 534187109 19,607 198,300 SH SOLE 198,300
- ----------------------------------------------------------------------------------------------------------------------------
LIZ CLAIBORNE INC COM 539320101 509 15,600 SH SOLE 15,600
- ----------------------------------------------------------------------------------------------------------------------------
LJL BIOSYSTEMS INC COM 501873103 510 120,000 SH SOLE 120,000
- ----------------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP COM 539830109 3,322 88,000 SH SOLE 88,000
- ----------------------------------------------------------------------------------------------------------------------------
LOWES COS INC COM 548661107 2,341 38,700 SH SOLE 38,700
- ----------------------------------------------------------------------------------------------------------------------------
MARRIOTT INTL INC NEW CL-A 571903202 3,494 103,900 SH SOLE 103,900
- ----------------------------------------------------------------------------------------------------------------------------
MAYTAG CORP COM 578592107 4,661 77,200 SH SOLE 77,200
- ----------------------------------------------------------------------------------------------------------------------------
MBIA INC COM 55262C100 4,263 73,500 SH SOLE 73,500
- ----------------------------------------------------------------------------------------------------------------------------
MBNA CORP COM 55262L100 24,555 1,028,500 SH SOLE 1,028,500
- ----------------------------------------------------------------------------------------------------------------------------
MCDERMOTT INTL INC COM 580037109 1,000 39,500 SH SOLE 39,500
- ----------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP COM 580135101 24,475 562,200 SH SOLE 562,200
- ----------------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC COM 55268B106 2,506 28,300 SH SOLE 28,300
- ----------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC COM 58440J104 3,077 48,500 SH SOLE 48,500
- ----------------------------------------------------------------------------------------------------------------------------
MERCK & CO INC COM 589331107 2,997 37,400 SH SOLE 37,400
- ----------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO INC COM 590188108 34,272 387,250 SH SOLE 387,250
- ----------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY INC COM 595112103 2,539 52,700 SH SOLE 52,700
- ----------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP COM 594918104 144,126 1,608,100 SH SOLE 1,608,100
- ---------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC COM 620076109 2,930 40,000 SH SOLE 40,000
- ---------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY INDIA INVT FD COM 61745C105 2,723 298,400 SH SOLE 298,400
- ---------------------------------------------------------------------------------------------------------------------------
NAVISTAR INTL CORP NEW COM 63934E108 2,090 52,000 SH SOLE 52,000
- ---------------------------------------------------------------------------------------------------------------------------
NEWELL CO COM 651192106 14,174 298,400 SH SOLE 298,400
- ---------------------------------------------------------------------------------------------------------------------------
NIAGARA MOHAWK PWR CORP COM 653522102 7,337 546,000 SH SOLE 546,000
- ---------------------------------------------------------------------------------------------------------------------------
NIELSEN MEDIA RESH INC COM 653929307 734 29,733 SH SOLE 29,733
- ---------------------------------------------------------------------------------------------------------------------------
NIKE INC CL B 654106103 1,275 22,100 SH SOLE 22,100
- ---------------------------------------------------------------------------------------------------------------------------
NORFOLK SOUTHERN CORP COM 655844108 1,846 70,000 SH SOLE 70,000
- ---------------------------------------------------------------------------------------------------------------------------
NORTHEAST UTILS COM 664397106 10,817 779,600 SH SOLE 779,600
- ---------------------------------------------------------------------------------------------------------------------------
NORTHERN TELECOM LTD COM 665815106 1,010 16,260 SH SOLE 16,260
- ---------------------------------------------------------------------------------------------------------------------------
NOVELL INC COM 670006105 1,385 55,000 SH SOLE 55,000
- ---------------------------------------------------------------------------------------------------------------------------
NTL INC COM 629407107 2,311 28,400 SH SOLE 28,400
- ---------------------------------------------------------------------------------------------------------------------------
ORACLE CORP COM 68389X105 69,449 2,633,137 SH SOLE 2,633,137
- ---------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC COM 695629105 4,765 119,500 SH SOLE 119,500
- ---------------------------------------------------------------------------------------------------------------------------
PAKISTAN INVT FD INC COM 695844100 130 65,000 SH SOLE 65,000
- ---------------------------------------------------------------------------------------------------------------------------
PARAMETRIC TECHNOLOGY CORP COM 699173100 1,691 85,600 SH SOLE 85,600
- ---------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP COM 701094104 2,747 80,200 SH SOLE 80,200
- ---------------------------------------------------------------------------------------------------------------------------
PECO ENERGY CO COM 693304107 950 20,550 SH SOLE 20,550
- ---------------------------------------------------------------------------------------------------------------------------
PEOPLESOFT INC COM 712713106 1,028 70,300 SH SOLE 70,300
- ---------------------------------------------------------------------------------------------------------------------------
PERKIN ELMER CORP COM 714041100 1,165 12,000 SH SOLE 12,000
- ---------------------------------------------------------------------------------------------------------------------------
PERUSAHAAN PERS INDO SATELLITE SPONSORED ADR 715680104 285 22,000 SH SOLE 22,000
- ---------------------------------------------------------------------------------------------------------------------------
PHELPS DODGE CORP COM 717265102 1,012 20,550 SH SOLE 20,550
- ---------------------------------------------------------------------------------------------------------------------------
PITTSTON CO COM BRINKS GRP 725701106 1,065 45,300 SH SOLE 45,300
- ---------------------------------------------------------------------------------------------------------------------------
PHILLIPINE LONG DISTANCE TEL SPONSORED ADR 718252604 463 17,900 SH SOLE 17,900
- ---------------------------------------------------------------------------------------------------------------------------
PP&L RES INC COM 693499105 2,928 118,300 SH SOLE 118,300
- ---------------------------------------------------------------------------------------------------------------------------
<PAGE> 6
- ---------------------------------------------------------------------------------------------------------------------------
PRAXAIR INC COM 74005P104 1,482 41,100 SH SOLE 41,100
- ---------------------------------------------------------------------------------------------------------------------------
PRI AUTOMATION INC COM 69357H106 384 18,300 SH SOLE 18,300
- ---------------------------------------------------------------------------------------------------------------------------
PROMUS HOTEL CORP NEW COM 74342P106 890 24,470 SH SOLE 24,470
- ---------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FINL CORP COM 74406A102 4,117 37,425 SH SOLE 37,425
- ---------------------------------------------------------------------------------------------------------------------------
QUILMES INDL QUINSA SOCIETE SPN ADR NV PFD 74838Y108 120 12,700 SH SOLE 12,700
- ---------------------------------------------------------------------------------------------------------------------------
R H DONNELLEY CORP COM NEW 74955W307 208 13,470 SH SOLE 13,470
- ---------------------------------------------------------------------------------------------------------------------------
R O C TAIWAN FD SH BEN INT 749651105 4,821 748,900 SH SOLE 748,900
- ---------------------------------------------------------------------------------------------------------------------------
RALSTON PURINA CO COM RAL-PUR GRP 751277302 8,322 311,850 SH SOLE 311,850
- ---------------------------------------------------------------------------------------------------------------------------
RAYCHEM CORP DEL COM 754603108 1,027 45,500 SH SOLE 45,500
- ---------------------------------------------------------------------------------------------------------------------------
RAYTHEON CO CL-A 755111309 763 13,213 SH SOLE 13,213
- ---------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO COM 761763101 401 8,300 SH SOLE 8,300
- ---------------------------------------------------------------------------------------------------------------------------
RIVIERA TOOL CO COM 769648106 187 39,270 SH SOLE 39,270
- ---------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS CO COM 775371107 5,961 177,600 SH SOLE 177,600
- ---------------------------------------------------------------------------------------------------------------------------
SAFECO CORP COM 786429100 514 12,700 SH SOLE 12,700
- ---------------------------------------------------------------------------------------------------------------------------
SAKS INC COM 79377W108 1,430 55,000 SH SOLE 55,000
- ---------------------------------------------------------------------------------------------------------------------------
SARA LEE CORP COM 803111103 30,544 1,234,100 SH SOLE 1,234,100
- ---------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP COM 806605101 107,402 1,943,930 SH SOLE 1,943,930
- ---------------------------------------------------------------------------------------------------------------------------
SERVICE CORP INTL COM 817565104 1,231 86,400 SH SOLE 86,400
- ---------------------------------------------------------------------------------------------------------------------------
SOUTHWEST AIRLS CO COM 844741108 10,622 351,150 SH SOLE 351,150
- ---------------------------------------------------------------------------------------------------------------------------
SPS TECHNOLOGIES INC COM 784626103 589 15,000 SH SOLE 15,000
- ---------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC COM 792860108 2,449 78,854 SH SOLE 78,854
- ---------------------------------------------------------------------------------------------------------------------------
SUN INC COM 866762107 1,717 47,600 SH SOLE 47,600
- ---------------------------------------------------------------------------------------------------------------------------
TAIWAN EQUITY FD INC COM 874031107 680 70,700 SH SOLE 70,700
- ---------------------------------------------------------------------------------------------------------------------------
TAIWAN FD INC COM 874036106 5,188 379,000 SH SOLE 379,000
- ---------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC COM 879131100 864 34,200 SH SOLE 34,200
- ---------------------------------------------------------------------------------------------------------------------------
TELEFONICA DE ARGENTINA S A SPNSR ADR CL B 879378206 697 23,050 SH SOLE 23,050
- ---------------------------------------------------------------------------------------------------------------------------
TELE NORTE LESTE PART S A SPNSR ADR PFD 879246106 361 23,500 SH SOLE 23,500
- ---------------------------------------------------------------------------------------------------------------------------
TELEFONOS DE MEXICO S A ADR NOMINATIVE 879403400 1,938 29,370 SH SOLE 29,370
- ---------------------------------------------------------------------------------------------------------------------------
TIMES MIRROR CO NEW COM SER A 887364107 12,530 231,500 SH SOLE 231,500
- ---------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP COM 891027104 2,324 73,500 SH SOLE 73,500
- ---------------------------------------------------------------------------------------------------------------------------
TOYS R US INC COM 892335100 5,050 268,450 SH SOLE 268,450
- ---------------------------------------------------------------------------------------------------------------------------
TRANSAMERICA CORP COM 893485102 8,520 120,000 SH SOLE 120,000
- ---------------------------------------------------------------------------------------------------------------------------
TRIBUNE CO NEW COM 896047107 10,702 163,550 SH SOLE 163,550
- ---------------------------------------------------------------------------------------------------------------------------
TRINITY INDS INC COM 896522109 914 31,100 SH SOLE 31,100
- ---------------------------------------------------------------------------------------------------------------------------
TRW INC COM 872649108 642 14,100 SH SOLE 14,100
- ---------------------------------------------------------------------------------------------------------------------------
TYCO INTL LTD NEW COM 902124106 2,848 39,700 SH SOLE 39,700
- ---------------------------------------------------------------------------------------------------------------------------
UAL CORP COM PAR $0.01 902549500 5,089 65,350 SH SOLE 65,350
- ---------------------------------------------------------------------------------------------------------------------------
UNION CARBIDE CORP COM 905581104 1,803 39,900 SH SOLE 39,900
- ---------------------------------------------------------------------------------------------------------------------------
UNITED HEALTHCARE CORP COM 910581107 4,063 77,200 SH SOLE 77,200
- ---------------------------------------------------------------------------------------------------------------------------
UNITED TECHNOLOGIES CORP COM 913017109 56,830 419,600 SH SOLE 419,600
- ---------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP COM 915289102 1,486 40,300 SH SOLE 40,300
- ---------------------------------------------------------------------------------------------------------------------------
UNUM CORP COM 903192102 2,164 45,500 SH SOLE 45,500
- ---------------------------------------------------------------------------------------------------------------------------
US AIRWAYS GROUP INC COM 911905107 4,518 92,550 SH SOLE 92,550
- ---------------------------------------------------------------------------------------------------------------------------
VENATOR GROUP INC COM 922944103 434 61,400 SH SOLE 61,400
- ---------------------------------------------------------------------------------------------------------------------------
VF CORP COM 918204108 3,040 64,000 SH SOLE 64,000
- ---------------------------------------------------------------------------------------------------------------------------
VIAD CORP COM 92552R109 2,956 106,300 SH SOLE 106,300
- ---------------------------------------------------------------------------------------------------------------------------
VINA CONCHA Y TORO SA SPONSORED ADR 927191106 455 15,500 SH SOLE 15,500
- ---------------------------------------------------------------------------------------------------------------------------
VULCAN MATLS CO COM 929106109 11,061 267,750 SH SOLE 267,750
- ---------------------------------------------------------------------------------------------------------------------------
WADDELL & REED FINL INC CL B 930059209 358 18,000 SH SOLE 18,000
- ---------------------------------------------------------------------------------------------------------------------------
WAL-MART STORES INC COM 931142103 4,425 48,000 SH SOLE 48,000
- ---------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUT INC COM 939322105 6,812 166,656 SH SOLE 166,656
- ---------------------------------------------------------------------------------------------------------------------------
WATERS CORP COM 941848103 2,101 20,000 SH SOLE 20,000
- ---------------------------------------------------------------------------------------------------------------------------
WELLS FARGO & CO NEW COM 949746101 2,525 72,000 SH SOLE 72,000
- ---------------------------------------------------------------------------------------------------------------------------
WHIRLPOOL CORP COM 963320106 2,338 43,000 SH SOLE 43,000
- ---------------------------------------------------------------------------------------------------------------------------
XEROX CORP COM 984121103 68,419 1,312,600 SH SOLE 1,312,600
- ---------------------------------------------------------------------------------------------------------------------------
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 1,406 44,550 SH SOLE 44,550
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
