Untied States
Securities and Exchange Commission
Washingtion, D.C. 20549
Form 13F
Form 13F Cover Page
Report for the Quarter ending September 30, 2000
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: Northeast Investors
Address: 50 COngress Street
Suite 1000
Boston, MA 02109
13F File Number:
The institutional investment manger 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: William Oates
Title: Trustee
Phone: 617-523-3588
Signature, Place, and Date of Sighing
Willaim Oates, Boston, MA, November 15, 2000 Report (Check if only one):
[X] 13F Holdings Report.
[ ] 13F Notice.
[ ] 13F Combination Report.
List of Other Managers Reporting for this Manger:
I am signing this report as required by the Securities Exchange Act of 1934.
<PAGE>
Form 13F Summary Page Report Summary:
Number of the Included Managers: 1
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Manager:
Name: Ernest E. Monrad
Title: Trustee
Phone: 617-523-3588
Signature, Place, and Date of Signing:
Ernest E. Monrad, Boston, MA November 15, 2000
<TABLE>
FORM 13F AS OF 9/30/2000
<S> <C> <C> <C> <C> <C>
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
DIAMLERCHRYSLER AG D1668R123 16,602.00 374.000 374.000 374.000
ACE LTD G0070K103 9,930.00 253.000 253.000 253.000
PARTNERRE LTD G6852T105 7,448.00 157.000 157.000 157.000
TRANSOCEAN SEDCO FOREX INC G90078109 52,411.00 894.000 894.000 894.000
WHITE MOUNTAINS INSURANCE G9618E107 68,219.00 250.000 250.000 250.000
XL CAPITAL LTD-CL A G98255105 9,996.00 136.000 136.000 136.000
AFLAC INC. 001055102 141,706.00 2,212.000 2,212.000 2,212.000
AGL RESOURCES 001204106 8,025.00 400.000 400.000 400.000
AT&T CORP 001957109 1,134,816.00 38,632.000 38,632.000 38,632.000
ABBOTT LABORATORIES 002824100 8,816,480.00 185,366.000 185,366.000 185,366.000
ACNIELSON CORP 004833109 7,930.00 333.000 333.000 333.000
ADOBE SYSTEMS 00724F101 1,086,750.00 7,000.000 7,000.000 7,000.000
ADVANCED MICRO DEVICES 007903107 5,906.00 250.000 250.000 250.000
AEGON N V ADR 007924103 52,049.00 1,402.000 1,402.000 1,402.000
AGILENT INC 00846U101 569,486.00 11,637.000 11,637.000 11,637.000
AIR PRODUCTS & CHEMICAL 009158106 461,600.00 13,900.000 13,900.000 13,900.000
ALBERTSONS INC DEL 013104104 8,295.00 395.000 395.000 395.000
ALCOA INC 013817101 40,956.00 1,618.000 1,618.000 1,618.000
ALLSTATE CORP 020002101 218,439.00 6,286.000 6,286.000 6,286.000
ALLTEL CORP 020039103 96,182.00 1,843.000 1,843.000 1,843.000
ALCOA 022249106 101.00 4.000 4.000 4.000
ALZA CORP CLASS A 022615108 129,750.00 1,500.000 1,500.000 1,500.000
AMERADA HESS 023551104 54,889.00 820.000 820.000 820.000
AMERICA ONLINE INC 02364J104 5,752,599.00 107,025.000 107,025.000 107,025.000
AMERICAN ELEC PWR CO 025537101 6,417.00 164.000 164.000 164.000
AMERICAN EXPRESS CO 025816109 6,684,586.00 110,311.000 110,311.000 110,311.000
AMERICAN GENERAL 026351106 27,456.00 352.000 352.000 352.000
AMER HOME PRODUCTS 026609107 11,182,298.00 197,698.000 197,698.000 197,698.000
AMER INTERNTL GROUP 026874107 23,035,400.00 240,737.000 240,737.000 240,737.000
AMERICAN SUPERCONDUCTOR CORP 030111108 33,775.00 700.000 700.000 700.000
AMGEN INC 031162100 7,409,180.00 106,106.000 106,106.000 106,106.000
ANADARKO PETE CORP 032511107 164,779.00 2,479.000 2,479.000 2,479.000
ANADIGICS INC 032515108 17,258.00 780.000 780.000 780.000
ANALOG DEVICES 032654105 684,939.00 8,296.000 8,296.000 8,296.000
ANHEUSER BUSCH 035229103 1,849,396.00 43,708.000 43,708.000 43,708.000
APPLE COMPUTER INC 037833100 541,627.00 21,034.000 21,034.000 21,034.000
APPLIED POWER PREF 038225108 .00 170.000 170.000 170.000
ARCHER DANIELS MIDLD 039483102 9,522.00 1,104.000 1,104.000 1,104.000
ARIAD PHARMACEUTICALS INC 04033A100 125,625.00 10,000.000 10,000.000 10,000.000
ARMSTRONG HOLDINGS INC 042476101 7,759.00 650.000 650.000 650.000
ARROW ELECTRONICS 042735100 10,219.00 300.000 300.000 300.000
ASPEN TECHNOLOGY INC 045327103 4,513.00 100.000 100.000 100.000
ASSOCIATES FIRST CAPITAL 046008108 9,956.00 262.000 262.000 262.000
AUTOMATIC DATA PROCESSING 053015103 1,203,751.00 18,000.000 18,000.000 18,000.000
AUTONATION INC 05329W102 1,800.00 300.000 300.000 300.000
AVERY-DENNISON CORP 053611109 648,091.00 13,975.000 13,975.000 13,975.000
AZTAR CORP 054802103 15,375.00 1,000.000 1,000.000 1,000.000
BP AMOCO PLC 055622104 4,102,359.00 77,403.000 77,403.000 77,403.000
BALTIMORE GAS & ELEC 059165100 50,720.00 1,326.000 1,326.000 1,326.000
BANK OF AMERICA CORP 060505104 1,984,911.00 37,898.000 37,898.000 37,898.000
REM870 FORM 13F AS OF 9/30/2000 16:09:42 11/15/2000
Page 2
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
BANK OF NEW YORK CO INC 064057102 2,528,876.00 45,108.000 45,108.000 45,108.000
BANK ONE CORP 06423A103 266,822.00 6,908.000 6,908.000 6,908.000
BAXTER INTERNATIONAL INC 071813109 154,518.00 1,936.000 1,936.000 1,936.000
BECKMAN COULTER INC 075811109 8,484.00 110.000 110.000 110.000
BELLSOUTH CORP 079860102 1,001,501.00 24,882.000 24,882.000 24,882.000
BELO A H CORP 080555105 206,391.00 11,194.000 11,194.000 11,194.000
BEMIS COMPANY 081437105 211,222.00 6,575.000 6,575.000 6,575.000
BERKSHIRE HATHAWAY INC-A 084670108 3,992,800.00 62.000 62.000 62.000
BERKSHIRE HATHAWAY INC-B 084670207 1,548,360.00 748.000 748.000 748.000
BESTFOODS 08658U101 101,850.00 1,400.000 1,400.000 1,400.000
BIOGEN INC 090597105 48,800.00 800.000 800.000 800.000
THE BOEING COMPANY 097023105 31,626.00 502.000 502.000 502.000
BOSTON ACOUSTICS INC 100534106 8,325.00 600.000 600.000 600.000
BOSTON SCIENTIFIC CORP 101137107 202,791.00 11,150.000 11,150.000 11,150.000
BOWNE & CO INC 103043105 3,900.00 400.000 400.000 400.000
BRISTOL MYERS SQUIBB CO 110122108 20,717,827.00 362,675.000 362,675.000 362,675.000
BROADCOM CORP-CL A 111320107 648,375.00 2,660.000 2,660.000 2,660.000
BROWNE & SHARPE 115223109 825.00 200.000 200.000 200.000
BROWN FORMAN DIST A 115637100 3,749,200.00 69,510.000 69,510.000 69,510.000
BROWN FORMAN DIST B 115637209 374,654.00 6,843.000 6,843.000 6,843.000
BURLINGTON NORTHERN SANTA FE 12189T104 45,282.00 2,100.000 2,100.000 2,100.000
CECO ENVIROMENTAL CORP 125141101 17,531.00 8,250.000 8,250.000 8,250.000
CIGNA CORP 125509109 541,836.00 5,190.000 5,190.000 5,190.000
C.I.T. GROUP INC-A 125577106 4,200.00 240.000 240.000 240.000
CML GROUP 125820100 3.00 575.000 575.000 575.000
C S X CORP 126408103 8,725.00 400.000 400.000 400.000
CVS CORP 126650100 1,112,893.00 24,030.000 24,030.000 24,030.000
CABOT CORP 127055101 257,303.00 8,120.000 8,120.000 8,120.000
CACI INTL INC CL A 127190304 15,006.00 700.000 700.000 700.000
CADBURY SCHWEPPES PLC 127209302 16,074.00 668.000 668.000 668.000
CAMBRIDGE BANCORP 132152109 2,731,806.00 35,478.000 35,478.000 35,478.000
CAMPBELL SOUP CO 134429109 94,962.00 3,670.000 3,670.000 3,670.000
CANADIAN NATURAL RESOURCES 136385101 3,752.00 112.000 112.000 112.000
CAPITAL ONE FINANCIAL CORP 14040H105 10,509.00 150.000 150.000 150.000
CARDINAL HEALTH INC 14149Y108 69,701.00 790.000 790.000 790.000
CAREMARK INTERNATIONAL INC 141704106 1,500.00 64.000 64.000 64.000
CAROLINA PWR & LIGHT 144141108 4,169.00 100.000 100.000 100.000
CATELLUS DEVELOPMENT CORP 149111106 4,025.00 230.000 230.000 230.000
CATERPILLAR TRACTOR 149123101 67,000.00 2,000.000 2,000.000 2,000.000
CHASE MANHATTAN CORP NEW 16161A108 3,459,693.00 74,906.000 74,906.000 74,906.000
CHEVRON CORP 166751107 8,927,304.00 104,719.000 104,719.000 104,719.000
CHOICEPOINT INC 170388102 29,360.00 640.000 640.000 640.000
CHUBB CORPORATION 171232101 8,104,116.00 102,421.000 102,421.000 102,421.000
CINCINNATI FINANCIAL CP 172062101 499,841.00 14,080.000 14,080.000 14,080.000
CINCINNATI GAS & ELE 172070104 43,125.00 1,500.000 1,500.000 1,500.000
CIRCUIT CITY STORES 172737108 224,250.00 9,750.000 9,750.000 9,750.000
CISCO SYSTEMS INC 17275R102 50,056,715.00 906,008.000 906,008.000 906,008.000
CITIGROUP INC 172967101 15,208,132.00 281,316.000 281,316.000 281,316.000
CLOROX COMPANY 189054109 894,113.00 22,600.000 22,600.000 22,600.000
COCA COLA 191216100 11,747,420.00 213,105.000 213,105.000 213,105.000
COHERENT INC 192479103 173,400.00 2,550.000 2,550.000 2,550.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
COLGATE PALMOLIVE 194162103 623,275.00 13,205.000 13,205.000 13,205.000
COLLEGELINK.COM INC 194535100 1,442.00 2,883.000 2,883.000 2,883.000
COMCAST CORP CLASS A 200300101 142,406.00 3,500.000 3,500.000 3,500.000
COMCAST CORP SPECIAL CL A 200300200 192,406.00 4,700.000 4,700.000 4,700.000
COMMERCE BANCSHARES INC 200525103 50,249.00 1,365.000 1,365.000 1,365.000
COMMERCIAL FEDERAL CORP 201647104 42,075.00 2,200.000 2,200.000 2,200.000
COMM FIRST BANKSHARES 203902101 40,394.00 2,300.000 2,300.000 2,300.000
COMPAQ COMPUTER CORP 204493100 1,297,682.00 46,718.000 46,718.000 46,718.000
COMVERSE TECHNOLOGY INC 205862402 1,095,120.00 10,140.000 10,140.000 10,140.000
CONCORD COMMUNICATIONS 206186108 83,793.00 3,162.000 3,162.000 3,162.000
CONEXANT SYSTEMS INC 207142100 2,261.00 54.000 54.000 54.000
CONOCO INC CL B 208251405 558,818.00 20,745.000 20,745.000 20,745.000
CONVERGYS CORP 212485106 77,750.00 2,000.000 2,000.000 2,000.000
COOPER INDUSTRIES 216669101 15,299.00 434.000 434.000 434.000
CORNERSTONE INTERNET SOLUTIONS 21923C103 203.00 500.000 500.000 500.000
CORNING INC 219350105 25,056,999.00 84,367.000 84,367.000 84,367.000
COSTCO COMPANIES INC 22160Q102 349,370.00 10,000.000 10,000.000 10,000.000
COVANCE INC 222816100 2,252.00 275.000 275.000 275.000
COX COMMUNICATIONS INC CLASS A 224044107 5,226,696.00 135,505.000 135,505.000 135,505.000
CREDENCE SYSTEMS CORP 225302108 3,600.00 120.000 120.000 120.000
A T CROSS 227478104 1,075.00 200.000 200.000 200.000
DARDEN RESTAURANTS, INC 237194105 260,161.00 12,500.000 12,500.000 12,500.000
DARLING DELAWARE COMMON STOCK 237266101 900.00 1,200.000 1,200.000 1,200.000
DELL COMPUTER 247025109 705,668.00 22,902.000 22,902.000 22,902.000
DELTA AIRLINES 247361108 186,376.00 4,200.000 4,200.000 4,200.000
DIEBOLD INC 253651103 802,164.00 30,199.000 30,199.000 30,199.000
DISNEY (WALT) PRODUCTIONS 254687106 16,322,054.00 426,720.000 426,720.000 426,720.000
DOMINION RESOURCES INC 25746U109 227,895.00 3,925.000 3,925.000 3,925.000
R R DONNELLEY & SONS CO 257867101 34,388.00 1,400.000 1,400.000 1,400.000
DOVER CORP 260003108 56,325.00 1,200.000 1,200.000 1,200.000
DOW CHEMICAL CO 260543103 222,566.00 8,925.000 8,925.000 8,925.000
DOW JONES 260561105 42,350.00 700.000 700.000 700.000
DUPONT 263534109 1,249,095.00 30,144.000 30,144.000 30,144.000
DUN & BRADSTREET CORP 26483B106 211,274.00 6,135.000 6,135.000 6,135.000
EMC CORP/MASS 268648102 56,153,381.00 566,192.000 566,192.000 566,192.000
E*TRADE GROUP INC 269246104 5,589.00 340.000 340.000 340.000
EASTERN ENTERPRISES 27637F100 329,783.00 5,168.000 5,168.000 5,168.000
EASTMAN CHEM 277432100 4,802.00 130.000 130.000 130.000
EASTMAN KODAK CO 277461109 258,700.00 6,329.000 6,329.000 6,329.000
EATON CORP 278058102 18,488.00 300.000 300.000 300.000
EATON VANCE CORP 278265103 12,229,589.00 239,796.000 239,796.000 239,796.000
EDISON INTERNATIONAL 281020107 7,725.00 400.000 400.000 400.000
EL PASO ENERGY CORP 283905107 295,800.00 4,800.000 4,800.000 4,800.000
ELAN CORP PLC-SPONS ADR 284131208 14,235.00 260.000 260.000 260.000
EMERSON ELEC CO 291011104 3,075,300.00 45,900.000 45,900.000 45,900.000
EMULEX CORP 292475209 122,500.00 1,000.000 1,000.000 1,000.000
ENRON CORP 293561106 4,310,280.00 49,190.000 49,190.000 49,190.000
ENTREMED INC 29382F103 36,238.00 1,300.000 1,300.000 1,300.000
EQUIFAX 294429105 1,402,771.00 52,075.000 52,075.000 52,075.000
EQUITY INCOME FUND(AT&T) 294700703 233,345.00 1,497.000 1,497.000 1,497.000
ERICSSON (LM) TEL-SP ADR 294821400 476,963.00 32,200.000 32,200.000 32,200.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
EXTREME NETWORKS INC 30226D106 57,250.00 500.000 500.000 500.000
EXXON MOBIL CORPORATION 30231G102 33,712,432.00 378,260.000 378,260.000 378,260.000
FPL GROUP INC 302571104 105,529.00 1,605.000 1,605.000 1,605.000
FANNIE MAE 313586109 440,440.00 6,160.000 6,160.000 6,160.000
FEDERATED DEPARTMENT STORES 31410H101 169,159.00 6,475.000 6,475.000 6,475.000
FEDEX CORPORATION 31428X106 124,438.00 3,140.000 3,140.000 3,140.000
FERRO CORP 315405100 33,187.00 1,741.000 1,741.000 1,741.000
FIFTH THIRD BANCORP 316773100 14,586,818.00 270,754.000 270,754.000 270,754.000
FIRST AUSTRALIA 318652104 6,069.00 1,033.000 1,033.000 1,033.000
FIRST AUSTRALIA PRIME 318653102 5,082.00 1,210.000 1,210.000 1,210.000
FIRST SECURITY CORP 336294103 64,468.00 3,952.000 3,952.000 3,952.000
FIRST TENN NATL CORP 337162101 5,896,027.00 288,490.000 288,490.000 288,490.000
FIRST UNION CORP 337358105 875,886.00 27,212.000 27,212.000 27,212.000
FIRST VIRGINIA BANKS INC 337477103 143,859.00 3,375.000 3,375.000 3,375.000
FIRSTAR CORP 33763V109 25,508.00 1,140.000 1,140.000 1,140.000
FLEET FINL GROUP INC 338902109 5,000.00 400.000 400.000 400.000
FLEET BOSTON FINANCIAL CORP 339030108 29,762,295.00 763,136.000 763,136.000 763,136.000
FLORIDA EAST COAST INDUSTRIES 340632108 27,675.00 675.000 675.000 675.000
FLORIDA ROCK INDS 341140101 126,200.00 3,200.000 3,200.000 3,200.000
FORD MOTOR COMPANY 345370860 65,357.00 2,582.000 2,582.000 2,582.000
FOREST LABORATORIES 345838106 412,875.00 3,600.000 3,600.000 3,600.000
FORT JAMES CORPORATION 347471104 24,450.00 800.000 800.000 800.000
GATX CORP 361448103 104,688.00 2,500.000 2,500.000 2,500.000
GC COMPANIES 36155Q109 18,690.00 6,230.000 6,230.000 6,230.000
GTE CORP 362320103 74,700.00 1,200.000 1,200.000 1,200.000
GANNETT CO INC 364730101 428,240.00 8,080.000 8,080.000 8,080.000
GAP INC 364760108 70,377.00 3,497.000 3,497.000 3,497.000
GARTNER GROUP INC CL B 366651206 5,655.00 520.000 520.000 520.000
GATEWAY 2000 INC 367833100 37,400.00 800.000 800.000 800.000
GAYLORD CONTAINER COMMON STOCK 368145108 19,069.00 11,300.000 11,300.000 11,300.000
GENERAL ELECTRIC CO 369604103 105,874,001.00 1,835,302.000 1,835,302.000 1,835,302.000
GENERAL MILLS INC 370334104 5,307,589.00 149,510.000 149,510.000 149,510.000
GENERAL MOTORS CORP 370442105 195,195.00 3,003.000 3,003.000 3,003.000
GENERAL MOTORS CLASS H 370442832 401,173.00 10,790.000 10,790.000 10,790.000
GENESIS HEALTH 371912106 18,000.00 100,000.000 100,000.000 100,000.000
GENUINE PARTS CO 372460105 18,243.00 957.000 957.000 957.000
GENZYME CORP 372917104 42,617.00 625.000 625.000 625.000
GEORGIA PACIFIC CO 373298108 96,350.00 4,100.000 4,100.000 4,100.000
GILLETTE CO 375766102 2,482,600.00 80,408.000 80,408.000 80,408.000
GLAXO WELLCOME PLC-SPONS 37733W105 259,879.00 4,300.000 4,300.000 4,300.000
GOLDEN STATE BANCORP 381197102 14,175.00 600.000 600.000 600.000
GOLDMAN SACHS GROUP INC 38141G104 3,237,878.00 28,418.000 28,418.000 28,418.000
GRUPO TELEVISA SA-SPONS GDR 40049J206 403,809.00 7,000.000 7,000.000 7,000.000
GUIDANT CORP 401698105 692,738.00 9,800.000 9,800.000 9,800.000
HSB GROUP INC 40428N109 66,207.00 1,650.000 1,650.000 1,650.000
HALLIBURTON CO 406216101 34,256.00 700.000 700.000 700.000
JOHN HANCOCK BANK & THRIFT 409735107 4,540.00 572.000 572.000 572.000
JOHN HANCOCK FINANCIAL 41014S106 131,983.00 4,911.000 4,911.000 4,911.000
HARCOURT GENERAL INC 41163G101 129,800.00 2,200.000 2,200.000 2,200.000
HARLEY-DAVIDSON INC 412822108 143,625.00 3,000.000 3,000.000 3,000.000
HARRAH'S ENTERTAINMENT INC 413619107 110,000.00 4,000.000 4,000.000 4,000.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
HARTFORD FINANCIAL SVCS GRP 416515104 1,444,154.00 19,800.000 19,800.000 19,800.000
HARTFORD LIFE INC CL A 416592103 355,424.00 7,082.000 7,082.000 7,082.000
HEALTH MGMT ASSOCIATES INC A 421933102 41,625.00 2,000.000 2,000.000 2,000.000
H J HEINZ CO 423074103 4,760,536.00 128,446.000 128,446.000 128,446.000
HELIX TECHNOLOGY 423319102 23,900.00 800.000 800.000 800.000
HERSHEY FOODS CORP 427866108 2,636,432.00 48,710.000 48,710.000 48,710.000
HEWLETT PACKARD CO 428236103 11,795,879.00 121,607.000 121,607.000 121,607.000
HEXCEL CORP 428291108 200,625.00 15,000.000 15,000.000 15,000.000
HILLENBRAND INDUSTRIES INC 431573104 22,375.00 500.000 500.000 500.000
HOECHST AKTIENGESELLSHAFT 434390308 13,275.00 300.000 300.000 300.000
HOME DEPOT 437076102 6,112,482.00 115,194.000 115,194.000 115,194.000
HOUGHTON MIFFLIN CO 441560109 771,263.00 19,650.000 19,650.000 19,650.000
HOUSEHOLD INTERNATIONAL 441815107 5,273,205.00 93,125.000 93,125.000 93,125.000
HUMAN GENOME SCIENCES INC 444903108 49,341.00 285.000 285.000 285.000
ICN PHARMACEUTICALS 448924100 22,178.00 667.000 667.000 667.000
IMS HEALTH INC 449934108 98,563.00 4,750.000 4,750.000 4,750.000
ITC DELTACOM 45031T104 11,546.00 1,004.000 1,004.000 1,004.000
ILLUMINET HOLDINGS 452334105 6,221,799.00 224,209.000 224,209.000 224,209.000
IMATION CORPORATION 45245A107 373.00 20.000 20.000 20.000
IMPERIAL CHEM INDS 452704505 28,057.00 1,210.000 1,210.000 1,210.000
IMPERIAL OIL LTD 453038408 15,642.00 600.000 600.000 600.000
INDEPENDENT BANK CORP 453836108 166,572.00 13,881.000 13,881.000 13,881.000
INGERSOLL RAND 456866102 232,213.00 6,855.000 6,855.000 6,855.000
INTEGRA INC 45811M105 1,688.00 1,500.000 1,500.000 1,500.000
INTEL CORP 458140100 31,574,728.00 759,692.000 759,692.000 759,692.000
INTERNATL BUS MACH 459200101 19,553,946.00 174,466.000 174,466.000 174,466.000
INTL FLAVORS FRAGRNC 459506101 1,825.00 100.000 100.000 100.000
INTERNATIONAL GAME TECHNOLOGY 459902102 3,363.00 100.000 100.000 100.000
INTL PAPER CO 460146103 27,209.00 963.000 963.000 963.000
INTIMATE BRANDS 461156101 7,475.00 400.000 400.000 400.000
INTUIT INC 461202103 1,075,020.00 18,860.000 18,860.000 18,860.000
INVESTORS FINANCIAL COMMON 461915100 17,413,479.00 284,545.000 284,545.000 284,545.000
IONICS INC 462218108 18,328.00 860.000 860.000 860.000
IPALCO ENTERPRISES INC 462613100 41,175.00 1,800.000 1,800.000 1,800.000
ISIS PHARMACEUTICAL 464330109 19,550.00 1,700.000 1,700.000 1,700.000
ISOMET CORP 464893106 172,500.00 10,000.000 10,000.000 10,000.000
JDS UNIPHASE CORP 46612J101 329,512.00 3,480.000 3,480.000 3,480.000
JEFFERSON PILOT 475070108 1,649,503.00 24,302.000 24,302.000 24,302.000
JOHNSON & JOHNSON 478160104 23,325,045.00 248,304.000 248,304.000 248,304.000
K L A INSTRUMENTS CO 482480100 36,082.00 1,150.000 1,150.000 1,150.000
KELLOGG CO 487836108 133,564.00 5,522.000 5,522.000 5,522.000
KIMBERLY CLARK CORP 494368103 590,958.00 10,696.000 10,696.000 10,696.000
PHILIPS ELECTONICS-NY SHR 500472303 203,405.00 4,786.000 4,786.000 4,786.000
KROGER CO 501044101 108,300.00 4,800.000 4,800.000 4,800.000
ESTEE LAUDER COS INC A 518439104 21,975.00 600.000 600.000 600.000
ELI LILLY & CO 532457108 13,875,664.00 171,040.000 171,040.000 171,040.000
LINCOLN NATIONAL CORP 534179106 125,000.00 1,600.000 1,600.000 1,600.000
LINCOLN NATL CORP 534187109 77,000.00 1,600.000 1,600.000 1,600.000
LOCKHEED MARTIN CORP 539830109 55,110.00 1,672.000 1,672.000 1,672.000
LOUISIANA PAC CORP 546347105 13,782.00 1,500.000 1,500.000 1,500.000
LOWES COMPANIES 548661107 17,950.00 400.000 400.000 400.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
LUCENT TECHNOLOGIES INC 549463107 1,357,016.00 38,713.000 38,713.000 38,713.000
M&F WORLDWIDE CORP 552541104 291.00 50.000 50.000 50.000
MBNA CORPORATION 55262L100 354,663.00 9,212.000 9,212.000 9,212.000
MDU RESOURCES GROUP INC. 552690109 20,081.00 675.000 675.000 675.000
MFN FINANCIAL CORP 55272N104 565.00 76.000 76.000 76.000
MGM GRAND INC 552953101 11,456.00 300.000 300.000 300.000
MARSH & MCLENNAN 571748102 1,795,585.00 15,200.000 15,200.000 15,200.000
MARRIOTT INTERNALTIONAL-CL A 571903202 163,969.00 4,500.000 4,500.000 4,500.000
MATTEL 577081102 34,144.00 3,052.000 3,052.000 3,052.000
MAY DEPT STORES 577778103 1,623,846.00 79,212.000 79,212.000 79,212.000
MAXXAM INC 577913106 42,334.00 2,130.000 2,130.000 2,130.000
MAYTAG CO 578592107 5,125.00 165.000 165.000 165.000
MCDONALD'S CORP 580135101 1,080,715.00 35,800.000 35,800.000 35,800.000
MCGRAW-HILL COMPANIES INC. 580645109 2,098,136.00 33,009.000 33,009.000 33,009.000
MCKESSON HBOC INC 58155Q103 128,360.00 4,200.000 4,200.000 4,200.000
MEDFORD BANCORP INC 584131106 38,700.00 2,400.000 2,400.000 2,400.000
MEDTRONIC 585055106 4,841,619.00 93,445.000 93,445.000 93,445.000
MELLON FINANCIAL CORP 58551A108 7,662,832.00 165,236.000 165,236.000 165,236.000
MERCANTILE BANKSHARES CORP 587405101 54,446.00 1,500.000 1,500.000 1,500.000
MERCHANTS CAPITAL CORP 588530204 450.00 450.000 450.000 450.000
MERCK & CO 589331107 52,155,721.00 700,664.000 700,664.000 700,664.000
MEREDITH CORP 589433101 2,950.00 100.000 100.000 100.000
MICROSOFT CORP 594918104 28,819,537.00 472,868.000 472,868.000 472,868.000
MINNESOTA MINING MFG 604059105 2,898,964.00 31,813.000 31,813.000 31,813.000
MOLEX 608554101 40,828.00 750.000 750.000 750.000
ROBERT MONDAVI CORP-CL A 609200100 40,875.00 1,000.000 1,000.000 1,000.000
MONTANA POWER CO 612085100 53,400.00 1,600.000 1,600.000 1,600.000
J P MORGAN & CO 616880100 7,721,276.00 47,261.000 47,261.000 47,261.000
MORGAN ST DEAN WITTER & CO 617446448 779,597.00 8,526.000 8,526.000 8,526.000
MSDW INCOME SECURITIES INC 61745P874 3,229.00 201.000 201.000 201.000
MOTOROLA INC 620076109 3,970,315.00 140,542.000 140,542.000 140,542.000
NL INDUSTRIES 629156407 97,463.00 4,600.000 4,600.000 4,600.000
NUCO2 INC 629428103 16,706.00 2,700.000 2,700.000 2,700.000
NATIONAL BANCORP ALASKA 632587101 394,482.00 10,996.000 10,996.000 10,996.000
NATL CITY CORP 635405103 9,725,796.00 439,584.000 439,584.000 439,584.000
NATL COMMERCE BANCORP 635449101 69,542.00 3,488.000 3,488.000 3,488.000
NATIONAL DATA CORP 635621105 98,436.00 3,000.000 3,000.000 3,000.000
NATL HEALTH INVESTORS INC 63633D104 3,375.00 500.000 500.000 500.000
NATIONWIDE FINANCIAL SERVICES 638612101 373,750.00 10,000.000 10,000.000 10,000.000
NEIMAN MARCUS GROUP 640204301 14,026.00 490.000 490.000 490.000
NEW ENGLAND BANCORP 643859101 285.00 285.000 285.000 285.000
NEW PLAN EXCEL 648059103 22,563.00 1,000.000 1,000.000 1,000.000
NEW YORK TIMES CO A 650111107 117,938.00 3,000.000 3,000.000 3,000.000
NEWELL RUBBERMAID 651229106 54,750.00 2,400.000 2,400.000 2,400.000
NEWS ITD ADR NEW 652487703 1,127,690.00 20,115.000 20,115.000 20,115.000
NICOR INC 654086107 14,475.00 400.000 400.000 400.000
NOKIA CORP SPONSORED 654902204 8,294,258.00 208,333.000 208,333.000 208,333.000
NORFOLK & SOUTHERN 655844108 130,163.00 8,900.000 8,900.000 8,900.000
NORTEL NETWORKS CORP 656568102 10,645,530.00 178,905.000 178,905.000 178,905.000
NORTHERN TRUST 665859104 1,239,007.00 13,941.000 13,941.000 13,941.000
NOVARTIS A G 66987V109 123,645.00 3,196.000 3,196.000 3,196.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
NVIDIA CORP 67066G104 3,275.00 40.000 40.000 40.000
OGE ENERGY CORP 670837103 91,644.00 4,300.000 4,300.000 4,300.000
OHIO CASUALTY CORP 677240103 157,709.00 24,860.000 24,860.000 24,860.000
OMNICARE INC 681904108 80,625.00 5,000.000 5,000.000 5,000.000
OMEGA HEALTHCARE INVESTORS 681936100 1,237.00 200.000 200.000 200.000
ORACLE CORPORATION 68389X105 16,317,590.00 207,207.000 207,207.000 207,207.000
PECO ENERGY CO 693304107 139,294.00 2,300.000 2,300.000 2,300.000
PE-CORP CLERA GENOMICS 69332S201 29,688.00 298.000 298.000 298.000
PMC CAPITAL 693430100 9,375.00 1,000.000 1,000.000 1,000.000
PMC- SIERRA INC 69344F106 93,638.00 566.000 566.000 566.000
P P G INDUSTRIES INC 693506107 142,558.00 3,592.000 3,592.000 3,592.000
PACIFIC CENTURY FINANCIAL CORP 694058108 246,601.00 14,400.000 14,400.000 14,400.000
PAINE WEBBER GROUP INC 695629105 436,560.00 10,000.000 10,000.000 10,000.000
PAYCHEX INC 704326107 282,188.00 5,375.000 5,375.000 5,375.000
PAYLESS SHOESOURCE INC 704379106 44,072.00 787.000 787.000 787.000
J C PENNEY 708160106 35,275.00 2,900.000 2,900.000 2,900.000
PEPSICO 713448108 3,228,878.00 70,193.000 70,193.000 70,193.000
PFIZER INC 717081103 54,860,616.00 1,220,821.000 1,220,821.000 1,220,821.000
PHARMACIA 71713U102 2,385,893.00 39,641.000 39,641.000 39,641.000
PHILIP MORRIS COS INC 718154107 762,757.00 25,911.000 25,911.000 25,911.000
PHILLIPS PETROLEUM 718507106 21,963.00 350.000 350.000 350.000
PITNEY BOWES INC 724479100 398,319.00 10,100.000 10,100.000 10,100.000
POTOMAC ELEC PWR 737679100 37,781.00 1,500.000 1,500.000 1,500.000
T ROWE PRICE ASSOCIATES 741477103 2,671,683.00 56,920.000 56,920.000 56,920.000
PROCTER & GAMBLE 742718109 10,676,316.00 159,348.000 159,348.000 159,348.000
PROPERTY CAPITAL TR.,INC 74343M102 148.00 368.000 368.000 368.000
PROVIDIAN FINANCIAL CORP 74406A102 860,425.00 6,775.000 6,775.000 6,775.000
QLOGIC CORP 747277101 176,000.00 2,000.000 2,000.000 2,000.000
QUAKER OATS 747402105 1,449,017.00 18,313.000 18,313.000 18,313.000
QUALCOMM INC 747525103 490,558.00 6,885.000 6,885.000 6,885.000
QUEST DIAGNOSTICS INC 74834L100 130,471.00 1,137.000 1,137.000 1,137.000
QUIXOTE CORP 749056107 10,050.00 600.000 600.000 600.000
QWEST COMMUNICATIONS 749121109 322,980.00 6,720.000 6,720.000 6,720.000
RALSTON-RALSTON PURINA GRP INC 751277302 332.00 14.000 14.000 14.000
RAYONIER INC 754907103 4,492.00 125.000 125.000 125.000
RAYTHEON CO CL B 755111408 182,001.00 6,400.000 6,400.000 6,400.000
REGENERON PHARM INC 75886F107 130,500.00 4,000.000 4,000.000 4,000.000
REGIONS FINANCIAL CORP 758940100 367,539.00 16,200.000 16,200.000 16,200.000
REPUBLIC SECURITY FINL CORP 760758102 12,429.00 2,516.000 2,516.000 2,516.000
RIGGS NATIONAL CORP 766570105 14,700.00 1,200.000 1,200.000 1,200.000
RIGHT MANAGEMENT CONSULTANTS 766573109 2,300.00 200.000 200.000 200.000
ROBERT HALF INTL INC 770323103 14,430.00 416.000 416.000 416.000
ROCKWELL INTL CORP 773903109 31,490.00 1,041.000 1,041.000 1,041.000
ROYAL BANK OF CANADA 780087102 119,000.00 2,000.000 2,000.000 2,000.000
ROYAL BK OF SCOTLAND PRFD C 780097408 20,929.00 833.000 833.000 833.000
ROYAL DUTCH PETRO-NY SHARES 780257804 13,020,503.00 217,235.000 217,235.000 217,235.000
SBC COMMUNICATIONS 78387G103 2,420,050.00 48,401.000 48,401.000 48,401.000
SDL INC 784076101 86,607.00 280.000 280.000 280.000
SAFEGUARD SCIENTIFICS 786449108 1,687,734.00 71,250.000 71,250.000 71,250.000
SAFEWAY INC NEW 786514208 180.00 4.000 4.000 4.000
ST PAUL COMPANIES INC 792860108 2,109,790.00 42,784.000 42,784.000 42,784.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
SARA LEE CORP 803111103 4,322,225.00 212,786.000 212,786.000 212,786.000
SCANA CORP 80589M102 617,500.00 20,000.000 20,000.000 20,000.000
SCHERING-PLOUGH CORP 806605101 2,431,217.00 52,284.000 52,284.000 52,284.000
SCHLUMBERGER LTD 806857108 1,135,088.00 14,244.000 14,244.000 14,244.000
SEAGRAM CO LTD 811850106 35,898.00 625.000 625.000 625.000
SEARS ROEBUCK & CO 812387108 119,630.00 3,690.000 3,690.000 3,690.000
SERVICEMASTER COMPANY 81760N109 306,885.00 31,077.000 31,077.000 31,077.000
SHELL TRANS & TRADING NYSHNEW 822703609 1,909,402.00 39,017.000 39,017.000 39,017.000
SHERWIN WILLIAMS CO 824348106 376,200.00 17,600.000 17,600.000 17,600.000
SIEBEL SYSTEMS INC 826170102 2,003,616.00 18,000.000 18,000.000 18,000.000
SMITH INTERNATIONAL 832110100 163,124.00 2,000.000 2,000.000 2,000.000
SMITHKLINE BEECHAM PLC 832378301 656,330.00 9,564.000 9,564.000 9,564.000
SODEXHO MARRIOTT SERVICES 833793102 5,539.00 337.000 337.000 337.000
SONY CORP-SPONSORED ADR 835699307 451,190.00 4,470.000 4,470.000 4,470.000
SOURCE CAPITAL INCC 836144105 15,000.00 300.000 300.000 300.000
SOUTH JERSEY INDUSTRIES INC 838518108 14,885.00 510.000 510.000 510.000
SOUTHERN CO 842587107 16,219.00 500.000 500.000 500.000
SPRINT CORP (FON GROUP) 852061100 164,150.00 5,600.000 5,600.000 5,600.000
SPRINT CORP(PCS GROUP) 852061506 35,063.00 1,000.000 1,000.000 1,000.000
STAAR SURGICAL CO 852312305 51,936.00 3,000.000 3,000.000 3,000.000
STAPLES INC 855030102 159,965.00 11,275.000 11,275.000 11,275.000
STARBUCKS CORPORATION 855244109 176,273.00 4,400.000 4,400.000 4,400.000
STATE BANCORP 855716106 275,510.00 20,794.000 20,794.000 20,794.000
STATE STREET CORP 857477103 17,295,590.00 133,043.000 133,043.000 133,043.000
STEPAN CO 858586100 40,125.00 2,000.000 2,000.000 2,000.000
SUN MICROSYSTEMS INC 866810104 23,447,296.00 200,833.000 200,833.000 200,833.000
SUNTRUST BANKS INC 867914103 169,363.00 3,400.000 3,400.000 3,400.000
SYCAMORE NETWORKS INC 871206108 19,440.00 180.000 180.000 180.000
SYMBOL TECHNOLOGIES 871508107 593,178.00 16,506.000 16,506.000 16,506.000
SYNAVANT INC 87157A105 1,585.00 237.000 237.000 237.000
SYSCO CORP 871829107 2,750,733.00 59,395.000 59,395.000 59,395.000
TECO ENERGY INC 872375100 2,142,306.00 74,515.000 74,515.000 74,515.000
TJX COS INC 872540109 9,000.00 400.000 400.000 400.000
TRW INC 872649108 65,000.00 1,600.000 1,600.000 1,600.000
TAUBMAN CENTERS INC 876664103 17,344.00 1,500.000 1,500.000 1,500.000
TELE DANMARK ADR 879242105 19,688.00 700.000 700.000 700.000
TELECOM CORP NEW ZEALAND 879278208 271,600.00 13,580.000 13,580.000 13,580.000
TELEFON DE MEXICO LADS 879403780 106,374.00 2,000.000 2,000.000 2,000.000
TELLABS INC 879664100 729,526.00 15,278.000 15,278.000 15,278.000
TEMPLE INLAND 879868107 61,585.00 1,626.000 1,626.000 1,626.000
TERADYNE INC 880770102 14,000.00 400.000 400.000 400.000
TEXACO 881694103 418,425.00 7,970.000 7,970.000 7,970.000
TEXAS INSTRUMENTS INC 882508104 2,831,064.00 60,215.000 60,215.000 60,215.000
TEXTRON INC 883203101 1,014,750.00 22,000.000 22,000.000 22,000.000
THERMO ELECTRON CORP 883556102 23,400.00 900.000 900.000 900.000
THOMSON CORP 884903105 20,986.00 700.000 700.000 700.000
3COM CORPORATION 885535104 249,438.00 13,000.000 13,000.000 13,000.000
TIME WARNER 887315109 34,402,987.00 439,654.000 439,654.000 439,654.000
TORCHMARK CORP 891027104 13,907.00 500.000 500.000 500.000
TRANSAMERICA CORP 893485102 15,000.00 200.000 200.000 200.000
TRICON GLOBAL RESTRAURANTS INC 895953107 31,850.00 1,040.000 1,040.000 1,040.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
TRIBUNE CO 896047107 133,842.00 3,068.000 3,068.000 3,068.000
TUT SYSTEMS INC 901103101 64,562.00 748.000 748.000 748.000
TYCO INTERNATIONAL LTD 902124106 1,103,071.00 21,264.000 21,264.000 21,264.000
USX-MARATHON GROUP 902905827 14,188.00 500.000 500.000 500.000
U S BANCORP 902973106 20,475.00 900.000 900.000 900.000
USF & G 903290104 11,875.00 500.000 500.000 500.000
UNION PACIFIC CORP 907818108 469,999.00 12,090.000 12,090.000 12,090.000
UNITED BANKSHARES INC 909907107 3,925.00 200.000 200.000 200.000
UNITED TECHNOLOGIES 913017109 700,741.00 10,119.000 10,119.000 10,119.000
UNOCAL CORP 915289102 5,634.00 159.000 159.000 159.000
V F CORP 918204108 14,813.00 600.000 600.000 600.000
VALLEY NATIONAL BANCORP 919794107 143,388.00 5,250.000 5,250.000 5,250.000
VENTURE STORES, INC. 923275101 .00 869.000 869.000 869.000
VERIZON COMMUNICATIONS 92343V104 3,784,376.00 78,129.000 78,129.000 78,129.000
VIACOM INC CLASS A 925524100 6,168,845.00 105,450.000 105,450.000 105,450.000
VIACOM INC CLASS B 925524308 935,767.00 15,996.000 15,996.000 15,996.000
VIROPHARMA INC 928241108 8,409.00 325.000 325.000 325.000
VISHAY INTERTECHNOLOGY INC 928298108 12,300.00 400.000 400.000 400.000
VISTEON CORP 92839U107 983.00 65.000 65.000 65.000
VISX INC 92844S105 68,400.00 2,400.000 2,400.000 2,400.000
VLASIC FOODS INTERNATIONAL 928559103 458.00 431.000 431.000 431.000
VODAFONE GROUP PLC 92857T107 42,681.00 1,030.000 1,030.000 1,030.000
VODAFONE GROUP PLC-SP ADR 92857W100 2,089,020.00 56,460.000 56,460.000 56,460.000
VOICESTREAM WIRELESS COR 928615103 58,031.00 500.000 500.000 500.000
WD-40 CO 929236107 63,750.00 3,000.000 3,000.000 3,000.000
WACHOVIA CORPORATION 929771103 89,623.00 1,581.000 1,581.000 1,581.000
WAL-MART STORES INC 931142103 8,132,177.00 168,980.000 168,980.000 168,980.000
WALTER INDUSTRIES 93317Q105 8,875.00 1,000.000 1,000.000 1,000.000
WARNACO GROUP INC CLASS A 934390105 1,340.00 335.000 335.000 335.000
WASHINGTON MUTUAL INC 939322103 1,128,886.00 28,355.000 28,355.000 28,355.000
WASHINGTON POST-CL B 939640108 788,645.00 1,494.000 1,494.000 1,494.000
WASTE CONNECTIONS INC 941053100 41,000.00 1,600.000 1,600.000 1,600.000
WATSON PHARMACEUTICAL INC 942683103 519,000.00 8,000.000 8,000.000 8,000.000
WEBSTER FINANCIAL CORP 947890109 284,192.00 10,550.000 10,550.000 10,550.000
WELLS FARGO COMPANY(NEW) 949746101 872,720.00 18,998.000 18,998.000 18,998.000
WESTERN RESOURCES 959425109 40,828.00 1,888.000 1,888.000 1,888.000
WESTPOINT STEVENS INC 961238102 6,140,205.00 501,241.000 501,241.000 501,241.000
WEYERHAEUSER CO 962166104 6,056.00 150.000 150.000 150.000
WHOLE FOODS MKT INC 966837106 222,267.00 4,140.000 4,140.000 4,140.000
WILLAMETTE INDUSTRIES INC 969133107 50,400.00 1,800.000 1,800.000 1,800.000
WILLIAMS COMPANIES 969457100 182,731.00 4,325.000 4,325.000 4,325.000
WORLDCOM INC 98157D106 1,769,934.00 56,119.000 56,119.000 56,119.000
WRIGLEY WM 982526105 74,875.00 1,000.000 1,000.000 1,000.000
XEROX 984121103 261,357.00 16,444.000 16,444.000 16,444.000
YAHOO! INC 984332106 444,990.00 4,890.000 4,890.000 4,890.000
ZENECA GROUP PLC ADR 98934D106 35,325.00 900.000 900.000 900.000
ZIONS BANCORPORATION 989701107 19,159,048.00 374,635.000 374,635.000 374,635.000
COMMON STOCKS TOTAL * 1,136,344,603.00 20,388,323.000 20,388,323.000 20,388,323.000
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
GROWTH FUNDS
GROWTH FUNDS
CENTRAL SECURITIES CORP 155123102 682,344.00 18,954.000 18,954.000 18,954.000
FIDELITY CAPITAL APPRECIATION 316066109 13,346.00 480.000 480.000 480.000
FIDELITY FUND 316153105 68,500.00 1,787.000 1,787.000 1,787.000
FIDELITY DIVIDEND GROWTH FND 316389402 6,709.00 219.000 219.000 219.000
FIRST FINANCIAL FUND 320228109 297,010.00 30,659.000 30,659.000 30,659.000
GENERAL AMERICAN INVESTORS 368802104 990,944.00 23,700.000 23,700.000 23,700.000
H&Q HEALTHCARE INVSTRS FD 404052102 153,905.00 4,253.000 4,253.000 4,253.000
LATIN AMERICA EQUITY FUND 51827T100 25,000.00 2,000.000 2,000.000 2,000.000
MEXICO FUND INC 592835102 73,251.00 5,118.000 5,118.000 5,118.000
T ROWE PRICE CAPITAL APPREC 77954M105 15,182.00 1,080.000 1,080.000 1,080.000
GROWTH FUNDS TOTAL * 2,326,191.00 88,250.000 88,250.000 88,250.000
INCOME FUNDS
THE NEW AMERICA HIGH INC FD 641876107 843,682.00 241,051.000 241,051.000 241,051.000
INCOME FUNDS TOTAL * 843,682.00 241,051.000 241,051.000 241,051.000
INCOME & GROWTH FUNDS
T ROWE PRICE SM CAP VAL 77957Q103 16,248.00 786.000 786.000 786.000
INCOME & GROWTH FUNDS TOTAL * 16,248.00 786.000 786.000 786.000
MUTUAL FUND NON-TAXABLE
NUVEEN MASS PREMIUM INCOME FD 67061E104 60,475.00 4,100.000 4,100.000 4,100.000
NUV PERFORMANCE PLUS MUNI FD 67062P108 12,250.00 1,000.000 1,000.000 1,000.000
NUV PREM INCOME MUN FUND 67062T100 24,250.00 2,000.000 2,000.000 2,000.000
MUTUAL FUND NON-TAXABLE TOTAL * 96,975.00 7,100.000 7,100.000 7,100.000
LIMITED PARTNERSHIP
BUCKEYE PARTNERS L P 118230101 23,000.00 800.000 800.000 800.000
HERITAGE PROPANE PARTNERS 426918108 44,363.00 1,950.000 1,950.000 1,950.000
KINDER MORGAN ENERGY PRTNRS 494550106 57,845.00 1,221.000 1,221.000 1,221.000
LAKEHEAD PIPELINE-LP 511557100 10,375.00 250.000 250.000 250.000
NORTHERN BORDER PARTNERS L P 664785102 15,813.00 500.000 500.000 500.000
LIMITED PARTNERSHIP TOTAL * 151,396.00 4,721.000 4,721.000 4,721.000
PREFERRED STOCKS
AMERICAN INTL GROUP PFD 026874305 290,720.00 1,264.000 1,264.000 1,264.000
PREFERRED STOCKS TOTAL * 290,720.00 1,264.000 1,264.000 1,264.000
GRAND TOTAL ** 1,140,069,815.00 20,731,495.000 20,731,495.000 20,731,495.000
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