Untied States
Securities and Exchange Commission
Washingtion, D.C. 20549
Form 13F
Form 13F Cover Page
Report for the Quarter ending March 31, 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, April 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 April 15, 2000
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FORM 13F AS OF 3/31/2000
REM870 15:18:03 5/15/2000
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From Account through 9999999
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
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COMMON STOCKS
DIAMLERCHRYSLER AG D1668R123 24,474.00 374.000 374.000 374.000
GEMSTAR INTL GROUP LTD G3788V106 14,925.00 200.000 200.000 200.000
TRANSOCEAN SEDCO FOREX INC G90078109 5,080.00 99.000 99.000 99.000
WHITE MOUNTAINS INSURANCE G9618E107 33,531.00 250.000 250.000 250.000
VOCALTEC M97601104 259,213.00 8,900.000 8,900.000 8,900.000
AFLAC INC. 001055102 100,784.00 2,212.000 2,212.000 2,212.000
AGL RESOURCES 001204106 7,350.00 400.000 400.000 400.000
AT&T CORP 001957109 1,832,555.00 32,426.000 32,426.000 32,426.000
ABBOTT LABORATORIES 002824100 6,813,471.00 193,633.000 193,633.000 193,633.000
ACNIELSON CORP 004833109 27,743.00 1,233.000 1,233.000 1,233.000
ADOBE SYSTEMS 00724F101 779,188.00 7,000.000 7,000.000 7,000.000
ADVANCED MICRO DEVICES 007903107 28,531.00 500.000 500.000 500.000
AEGON N V ADR 007924103 56,431.00 701.000 701.000 701.000
AGRIBRANDS INTERNATIONAL INC 00849R105 11,440.00 291.000 291.000 291.000
AIR PRODUCTS & CHEMICAL 009158106 211,859.00 7,450.000 7,450.000 7,450.000
ALBERTSONS INC DEL 013104104 43,225.00 1,400.000 1,400.000 1,400.000
ALCAN ALUMINIUM LTD 013716105 5,450.00 160.000 160.000 160.000
ALCOA INC 013817101 30,910.00 440.000 440.000 440.000
ALLIANCE FUND 01859K105 3,926.00 544.000 544.000 544.000
ALLSTATE CORP 020002101 149,686.00 6,286.000 6,286.000 6,286.000
ALLTEL CORP 020039103 166,664.00 2,635.000 2,635.000 2,635.000
ALCOA 022249106 281.00 4.000 4.000 4.000
ALZA CORP CLASS A 022615108 56,344.00 1,500.000 1,500.000 1,500.000
AMERADA HESS 023551104 52,993.00 820.000 820.000 820.000
AMERICA ONLINE INC 02364J104 8,424,300.00 124,920.000 124,920.000 124,920.000
AMERICAN ELEC PWR CO 025537101 417.00 14.000 14.000 14.000
AMERICAN EXPRESS CO 025816109 3,432,565.00 23,047.000 23,047.000 23,047.000
AMERICAN GENERAL 026351106 19,756.00 352.000 352.000 352.000
AMER HOME PRODUCTS 026609107 11,136,464.00 207,190.000 207,190.000 207,190.000
AMER INTERNTL GROUP 026874107 15,861,499.00 144,853.000 144,853.000 144,853.000
AMERICAN SUPERCONDUCTOR CORP 030111108 19,600.00 700.000 700.000 700.000
AMGEN INC 031162100 4,002,944.00 65,221.000 65,221.000 65,221.000
AMPCO-PITTSBURGH CORP 032037103 16,313.00 1,500.000 1,500.000 1,500.000
AMSOUTH BANCORP 032165102 16,760.00 1,122.000 1,122.000 1,122.000
ANALOG DEVICES 032654105 579,278.00 7,196.000 7,196.000 7,196.000
ANHEUSER BUSCH 035229103 675,664.00 10,854.000 10,854.000 10,854.000
APPLE COMPUTER INC 037833100 1,199,903.00 8,835.000 8,835.000 8,835.000
ARCHER DANIELS MIDLD 039483102 10,848.00 1,052.000 1,052.000 1,052.000
ARIAD PHARMACEUTICALS INC 04033A100 159,375.00 10,000.000 10,000.000 10,000.000
ARMSTRONG WORLD INDS INC 042476101 11,619.00 650.000 650.000 650.000
ARROW ELECTRONICS 042735100 10,575.00 300.000 300.000 300.000
ASPEN TECHNOLOGY INC 045327103 4,038.00 100.000 100.000 100.000
ASSOCIATES FIRST CAPITAL 046008108 5,600.00 262.000 262.000 262.000
ATLANTIC RICHFIELD 048825103 1,016,855.00 11,963.000 11,963.000 11,963.000
AUTOMATIC DATA PROCESSING 053015103 1,999,963.00 41,450.000 41,450.000 41,450.000
AUTONATION INC 05329W102 2,381.00 300.000 300.000 300.000
AVERY-DENNISON CORP 053611109 841,136.00 13,775.000 13,775.000 13,775.000
AVON PRODUCTS 054303102 15,210.00 520.000 520.000 520.000
AZTAR CORP 054802103 9,500.00 1,000.000 1,000.000 1,000.000
BP AMOCO PLC 055622104 4,261,172.00 80,022.000 80,022.000 80,022.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
BANK OF AMERICA CORP 060505104 2,003,322.00 38,204.000 38,204.000 38,204.000
BANK OF NEW YORK CO INC 064057102 1,788,860.00 43,040.000 43,040.000 43,040.000
BANC ONE CORP 06423A103 238,326.00 6,908.000 6,908.000 6,908.000
BAXTER INTERNATIONAL INC 071813109 169,946.00 2,711.000 2,711.000 2,711.000
BELL ATLANTIC CORP 077853109 2,452,216.00 40,118.000 40,118.000 40,118.000
BELLSOUTH CORP 079860102 1,393,876.00 29,736.000 29,736.000 29,736.000
BELO A H CORP 080555105 314,493.00 17,594.000 17,594.000 17,594.000
BEMIS COMPANY 081437105 242,453.00 6,575.000 6,575.000 6,575.000
BERKSHIRE HATHAWAY INC-A 084670108 3,546,400.00 62.000 62.000 62.000
BERKSHIRE HATHAWAY INC-B 084670207 1,448,720.00 796.000 796.000 796.000
BESTFOODS 08658U101 117,032.00 2,500.000 2,500.000 2,500.000
BIOGEN INC 090597105 55,900.00 800.000 800.000 800.000
BOISE CASCADE OFFICE PRODUCT 097403109 8,597.00 525.000 525.000 525.000
BOSTON SCIENTIFIC CORP 101137107 246,160.00 11,550.000 11,550.000 11,550.000
BOWNE & CO INC 103043105 5,150.00 400.000 400.000 400.000
BRISTOL MYERS SQUIBB CO 110122108 17,576,320.00 303,040.000 303,040.000 303,040.000
BROADCOM CORP-CL A 111320107 818,489.00 3,370.000 3,370.000 3,370.000
BROWNE & SHARPE 115223109 388.00 200.000 200.000 200.000
BROWN FORMAN DIST A 115637100 2,477,535.00 47,875.000 47,875.000 47,875.000
BROWN FORMAN DIST B 115637209 377,742.00 6,939.000 6,939.000 6,939.000
BURLINGTON NORTHERN SANTA FE 12189T104 40,763.00 1,800.000 1,800.000 1,800.000
CAIS US 12476Q102 24,187.00 1,000.000 1,000.000 1,000.000
CCC INFORMATION SERVICES 12487Q109 10,750.00 500.000 500.000 500.000
CCB FINANCIAL CORP 124875105 63,012.00 1,424.000 1,424.000 1,424.000
CBS CORPORATION 12490K107 144,960.00 2,560.000 2,560.000 2,560.000
CECO ENVIROMENTAL CORP 125141101 20,625.00 8,250.000 8,250.000 8,250.000
CIGNA CORP 125509109 370,418.00 4,890.000 4,890.000 4,890.000
CK WITCO CORPORATION 12562C108 61.00 6.000 6.000 6.000
CMG INFO SVCS INC 125750109 1,154,655.00 10,190.000 10,190.000 10,190.000
CML GROUP 125820100 7.00 575.000 575.000 575.000
C S X CORP 126408103 65,800.00 2,800.000 2,800.000 2,800.000
CVS CORP 126650100 268,197.00 7,140.000 7,140.000 7,140.000
CABOT CORP 127055101 68,625.00 2,250.000 2,250.000 2,250.000
CABOT OIL & GAS CORP 127097103 36,125.00 2,000.000 2,000.000 2,000.000
CACI INTL INC CL A 127190304 20,956.00 700.000 700.000 700.000
CADBURY SCHWEPPES PLC 127209302 18,955.00 668.000 668.000 668.000
CAMBRIDGE BANCORP 132152109 2,491,488.00 34,604.000 34,604.000 34,604.000
CAMPBELL SOUP CO 134429109 112,853.00 3,670.000 3,670.000 3,670.000
CARDINAL HEALTH INC 14149Y108 13,320.00 290.000 290.000 290.000
CAREMARK INTERNATIONAL INC 141704106 1,500.00 64.000 64.000 64.000
CAROLINA PWR & LIGHT 144141108 3,244.00 100.000 100.000 100.000
CATELLUS DEVELOPMENT CORP 149111106 3,191.00 230.000 230.000 230.000
CATERPILLAR TRACTOR 149123101 109,029.00 2,765.000 2,765.000 2,765.000
CENTRL & SWEST CORP 152357109 62,506.00 3,650.000 3,650.000 3,650.000
CENTRAL NEWSPAPERS CL A 154647101 10,031.00 300.000 300.000 300.000
CHASE MANHATTAN CORP NEW 16161A108 4,912,521.00 56,344.000 56,344.000 56,344.000
CHEVRON CORP 166751107 10,088,561.00 109,139.000 109,139.000 109,139.000
CHOICEPOINT INC 170388102 23,920.00 640.000 640.000 640.000
CHUBB CORPORATION 171232101 7,735,733.00 114,497.000 114,497.000 114,497.000
CINCINNATI FINANCIAL CP 172062101 552,338.00 14,680.000 14,680.000 14,680.000
CIRCUIT CITY STORES 172737108 286,114.00 4,700.000 4,700.000 4,700.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
CISCO SYSTEMS INC 17275R102 79,756,791.00 1,031,615.000 1,031,615.000 1,031,615.000
CITIGROUP INC 172967101 8,133,632.00 135,844.000 135,844.000 135,844.000
CITIZENS UTILITY CLASS B 177342201 202,870.00 12,389.000 12,389.000 12,389.000
CITRIX SYSTEMS INC 177376100 31,825.00 200.000 200.000 200.000
CLOROX COMPANY 189054109 745,800.00 22,600.000 22,600.000 22,600.000
COCA COLA 191216100 9,924,852.00 211,448.000 211,448.000 211,448.000
COHERENT INC 192479103 132,600.00 2,550.000 2,550.000 2,550.000
COLGATE PALMOLIVE 194162103 834,408.00 14,801.000 14,801.000 14,801.000
COLLEGELINK.COM INC 194535100 6,126.00 2,883.000 2,883.000 2,883.000
COMCAST CORP CLASS A 200300101 144,375.00 3,500.000 3,500.000 3,500.000
COMCAST CORP SPECIAL CL A 200300200 203,863.00 4,700.000 4,700.000 4,700.000
COMMERCE BANCSHARES INC 200525103 42,571.00 1,365.000 1,365.000 1,365.000
COMMERCIAL FEDERAL CORP 201647104 36,575.00 2,200.000 2,200.000 2,200.000
COMM FIRST BANKSHARES 203902101 36,800.00 2,300.000 2,300.000 2,300.000
COMPAQ COMPUTER CORP 204493100 1,339,600.00 49,518.000 49,518.000 49,518.000
COMPUTER ASSOCIATES INTL INC 204912109 37,584.00 635.000 635.000 635.000
COMVERSE TECHNOLOGY INC 205862402 958,230.00 5,070.000 5,070.000 5,070.000
CONCORD COMMUNICATIONS 206186108 81,794.00 2,300.000 2,300.000 2,300.000
CONOCO INC CL B 208251405 1,018,671.00 39,753.000 39,753.000 39,753.000
CONSTELLATION ENERGY 210371100 101,841.00 3,195.000 3,195.000 3,195.000
COOPER INDUSTRIES 216669101 15,190.00 434.000 434.000 434.000
CORNERSTONE INTERNET SOLUTIONS 21923C103 2,406.00 500.000 500.000 500.000
CORNING INC 219350105 7,500,040.00 38,660.000 38,660.000 38,660.000
COSTCO COMPANIES INC 22160Q102 525,620.00 10,000.000 10,000.000 10,000.000
COVANCE INC 222816100 2,957.00 275.000 275.000 275.000
COX COMMUNICATIONS INC CLASS A 224044107 7,464,120.00 153,899.000 153,899.000 153,899.000
CREATIVE BIOMOLECULES 225270107 3,188.00 200.000 200.000 200.000
A T CROSS 227478104 1,175.00 200.000 200.000 200.000
DANA CORPORATION 235811106 56,093.00 1,990.000 1,990.000 1,990.000
DARDEN RESTAURANTS, INC 237194105 254,723.00 14,300.000 14,300.000 14,300.000
DARLING DELAWARE COMMON STOCK 237266101 1,725.00 1,200.000 1,200.000 1,200.000
DEERE & CO 244199105 3,800.00 100.000 100.000 100.000
DELL COMPUTER 247025109 3,070,231.00 56,922.000 56,922.000 56,922.000
DELPHI AUTOMOTIVE SYSTEMS 247126105 21,344.00 1,334.000 1,334.000 1,334.000
DELTA AIRLINES 247361108 169,313.00 3,500.000 3,500.000 3,500.000
DIEBOLD INC 253651103 864,850.00 31,449.000 31,449.000 31,449.000
DISNEY (WALT) PRODUCTIONS 254687106 14,959,982.00 362,666.000 362,666.000 362,666.000
DOMINION RESOURCES INC 25746U109 150,867.00 3,925.000 3,925.000 3,925.000
R R DONNELLEY & SONS CO 257867101 87,938.00 4,200.000 4,200.000 4,200.000
DOVER CORP 260003108 57,525.00 1,200.000 1,200.000 1,200.000
DOW CHEMICAL CO 260543103 8,550.00 75.000 75.000 75.000
DOW JONES 260561105 193,894.00 2,700.000 2,700.000 2,700.000
DUPONT 263534109 1,775,261.00 33,535.000 33,535.000 33,535.000
DUFF & PHELPS CREDIT RATING 26432F109 199,375.00 2,000.000 2,000.000 2,000.000
DUKE POWER 264399106 55,965.00 1,066.000 1,066.000 1,066.000
DUN & BRADSTREET CORP 26483B106 250,039.00 8,735.000 8,735.000 8,735.000
EMC CORP/MASS 268648102 39,509,316.00 313,566.000 313,566.000 313,566.000
E-TEK DYNAMICS INC 269240107 117,625.00 500.000 500.000 500.000
E*TRADE GROUP INC 269246104 10,243.00 340.000 340.000 340.000
EASTERN ENTERPRISES 27637F100 309,434.00 5,168.000 5,168.000 5,168.000
EASTMAN CHEM 277432100 6,372.00 140.000 140.000 140.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
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COMMON STOCKS
EASTMAN KODAK CO 277461109 404,901.00 7,455.000 7,455.000 7,455.000
EATON CORP 278058102 23,400.00 300.000 300.000 300.000
EATON VANCE CORP 278265103 10,068,336.00 234,488.000 234,488.000 234,488.000
EL PASO ENERGY CORP 283905107 193,800.00 4,800.000 4,800.000 4,800.000
ELAN CORP PLC-SPONS ADR 284131208 162,450.00 3,420.000 3,420.000 3,420.000
ELCOM INTERNATIONAL INC 284434107 4,406.00 300.000 300.000 300.000
EMERSON ELEC CO 291011104 2,438,445.00 45,900.000 45,900.000 45,900.000
EMULEX CORP 292475209 54,563.00 500.000 500.000 500.000
ENRON CORP 293561106 1,061,728.00 14,180.000 14,180.000 14,180.000
ENTREMED INC 29382F103 77,025.00 1,300.000 1,300.000 1,300.000
EQUIFAX 294429105 1,314,894.00 52,075.000 52,075.000 52,075.000
EQUITY INCOME FUND(AT&T) 294700703 294,535.00 1,497.000 1,497.000 1,497.000
ERICSSON (LM) TEL-SP ADR 294821400 734,552.00 7,830.000 7,830.000 7,830.000
EXTREME NETWORKS INC 30226D106 19,750.00 250.000 250.000 250.000
EXXON MOBIL CORPORATION 30231G102 29,962,457.00 384,442.000 384,442.000 384,442.000
FPL GROUP INC 302571104 73,930.00 1,605.000 1,605.000 1,605.000
FANNIE MAE 313586109 348,425.00 6,160.000 6,160.000 6,160.000
FEDERATED DEPARTMENT STORES 31410H101 136,256.00 3,225.000 3,225.000 3,225.000
FEDEX CORPORATION 31428X106 237,340.00 6,115.000 6,115.000 6,115.000
FERRO CORP 315405100 31,011.00 1,741.000 1,741.000 1,741.000
FIFTH THIRD BANCORP 316773100 9,644,954.00 153,095.000 153,095.000 153,095.000
FIRST AUSTRALIA 318652104 7,166.00 1,033.000 1,033.000 1,033.000
FIRST AUSTRALIA PRIME 318653102 5,445.00 1,210.000 1,210.000 1,210.000
FIRST SECURITY CORP 336294103 399,120.00 33,260.000 33,260.000 33,260.000
FIRST TENN NATL CORP 337162101 4,191,800.00 206,365.000 206,365.000 206,365.000
FIRST UNION CORP 337358105 1,013,647.00 27,212.000 27,212.000 27,212.000
FIRST VIRGINIA BANKS INC 337477103 126,774.00 3,375.000 3,375.000 3,375.000
FIRSTAR CORP 33763V109 26,149.00 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 24,162,522.00 661,986.000 661,986.000 661,986.000
FLORIDA EAST COAST INDUSTRIES 340632108 32,738.00 675.000 675.000 675.000
FLORIDA ROCK INDS 341140101 89,600.00 3,200.000 3,200.000 3,200.000
FOOTSTAR INC 344912100 12,345.00 437.000 437.000 437.000
FORD MOTOR CO 345370100 124,399.00 2,708.000 2,708.000 2,708.000
FOREST LABORATORIES 345838106 304,200.00 3,600.000 3,600.000 3,600.000
FORT JAMES CORPORATION 347471104 26,400.00 1,200.000 1,200.000 1,200.000
GATX CORP 361448103 95,000.00 2,500.000 2,500.000 2,500.000
GC COMPANIES 36155Q109 7,993.00 230.000 230.000 230.000
GTE CORP 362320103 2,706,591.00 38,121.000 38,121.000 38,121.000
GANNETT CO INC 364730101 990,881.00 14,080.000 14,080.000 14,080.000
GAP INC 364760108 261,217.00 5,244.000 5,244.000 5,244.000
GARTNER GROUP INC CL B 366651206 13,153.00 988.000 988.000 988.000
GATEWAY 2000 INC 367833100 21,219.00 400.000 400.000 400.000
GAYLORD CONTAINER COMMON STOCK 368145108 103,913.00 16,300.000 16,300.000 16,300.000
GENERAL ELECTRIC CO 369604102 41,300.00 700.000 700.000 700.000
GENERAL ELECTRIC CO 369604103 104,350,497.00 670,525.000 670,525.000 670,525.000
GENERAL MILLS INC 370334104 5,898,226.00 162,990.000 162,990.000 162,990.000
GENERAL MOTORS CORP 370442105 1,829,329.00 22,090.000 22,090.000 22,090.000
GENESIS HEALTH 371912106 68,700.00 100,000.000 100,000.000 100,000.000
GENUINE PARTS CO 372460105 28,829.00 1,208.000 1,208.000 1,208.000
GENZYME CORP 372917104 31,328.00 625.000 625.000 625.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
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COMMON STOCKS
GEORGIA PACIFIC CO 373298108 162,206.00 4,100.000 4,100.000 4,100.000
GILLETTE CO 375766102 2,843,674.00 75,454.000 75,454.000 75,454.000
GLAXO WELLCOME PLC-SPONS 37733W105 246,442.00 4,300.000 4,300.000 4,300.000
GRUPO TELEVISA SA-SPONS GDR 40049J206 491,750.00 7,000.000 7,000.000 7,000.000
HALLIBURTON CO 406216101 28,788.00 700.000 700.000 700.000
JOHN HANCOCK BANK & THRIFT 409735107 3,968.00 572.000 572.000 572.000
JOHN HANCOCK FINANCIAL 41014S106 214,097.00 11,853.000 11,853.000 11,853.000
HARCOURT GENERAL INC 41163G101 81,950.00 2,200.000 2,200.000 2,200.000
HARLEY-DAVIDSON INC 412822108 119,063.00 1,500.000 1,500.000 1,500.000
HARRAH'S ENTERTAINMENT INC 413619107 74,250.00 4,000.000 4,000.000 4,000.000
HARTFORD FINANCIAL SVCS GRP 416515104 712,125.00 13,500.000 13,500.000 13,500.000
HARTFORD LIFE INC CL A 416592103 1,316,344.00 28,082.000 28,082.000 28,082.000
H J HEINZ CO 423074103 4,800,660.00 137,653.000 137,653.000 137,653.000
HELIX TECHNOLOGY 423319102 48,050.00 800.000 800.000 800.000
HERSHEY FOODS CORP 427866108 2,701,240.00 55,410.000 55,410.000 55,410.000
HEWLETT PACKARD CO 428236103 14,130,338.00 106,343.000 106,343.000 106,343.000
HEXCEL CORP 428291108 75,000.00 15,000.000 15,000.000 15,000.000
HILLENBRAND INDUSTRIES INC 431573104 17,000.00 500.000 500.000 500.000
HOECHST AKTIENGESELLSHAFT 434390308 13,275.00 300.000 300.000 300.000
HOME DEPOT 437076102 6,842,809.00 106,091.000 106,091.000 106,091.000
HONEYWELL INTL INC 438516106 109,590.00 2,080.000 2,080.000 2,080.000
HOST MARRIOTT CORP 44107P104 7,988.00 900.000 900.000 900.000
HOUGHTON MIFFLIN CO 441560109 948,481.00 22,350.000 22,350.000 22,350.000
HOUSEHOLD INTERNATIONAL 441815107 3,905,802.00 104,678.000 104,678.000 104,678.000
HUMAN GENOME SCIENCES INC 444903108 23,673.00 285.000 285.000 285.000
ICN PHARMACEUTICALS 448924100 18,176.00 667.000 667.000 667.000
IMS HEALTH INC 449934108 80,453.00 4,750.000 4,750.000 4,750.000
ITC DELTACOM 45031T104 31,065.00 872.000 872.000 872.000
ILLINOIS TOOL WORKS 452308109 77,350.00 1,400.000 1,400.000 1,400.000
IMATION CORPORATION 45245A107 1,948.00 73.000 73.000 73.000
IMPERIAL CHEM INDS 452704505 39,023.00 1,210.000 1,210.000 1,210.000
IMPERIAL OIL LTD 453038408 75,375.00 3,600.000 3,600.000 3,600.000
INDEPENDENT BANK CORP 453836108 165,704.00 13,881.000 13,881.000 13,881.000
INGERSOLL RAND 456866102 303,334.00 6,855.000 6,855.000 6,855.000
INTEGRA INC 45811M105 1,313.00 1,500.000 1,500.000 1,500.000
INTEL CORP 458140100 46,798,519.00 354,702.000 354,702.000 354,702.000
INTERNATL BUS MACH 459200101 21,249,529.00 180,081.000 180,081.000 180,081.000
INTL FLAVORS FRAGRNC 459506101 3,506.00 100.000 100.000 100.000
INTERNATIONAL GAME TECHNOLOGY 459902102 2,169.00 100.000 100.000 100.000
INTL PAPER CO 460146103 39,498.00 963.000 963.000 963.000
INTL RECTIFIER CORP 460254105 8,350.00 200.000 200.000 200.000
INTERPUBLIC GROUP COS INC 460690100 141,750.00 3,000.000 3,000.000 3,000.000
INTIMATE BRANDS 461156101 4,119.00 100.000 100.000 100.000
INTUIT INC 461202103 1,076,419.00 19,410.000 19,410.000 19,410.000
INVESTORS FINANCIAL COMMON 461915100 3,708,245.00 62,985.000 62,985.000 62,985.000
INVESTORS FINL SVC CO CLS A 461915209 37,494.00 1,007.000 1,007.000 1,007.000
IOMEGA CORP 462030107 2,859.00 750.000 750.000 750.000
IONICS INC 462218108 21,983.00 860.000 860.000 860.000
IPALCO ENTERPRISES INC 462613100 35,100.00 1,800.000 1,800.000 1,800.000
ISIS PHARMACEUTICAL 464330109 23,906.00 1,700.000 1,700.000 1,700.000
ISOMET CORP 464893106 81,250.00 10,000.000 10,000.000 10,000.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
Page 6
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-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
JDS UNIPHASE CORP 46612J101 279,705.00 2,320.000 2,320.000 2,320.000
JEFFERSON PILOT 475070108 1,617,607.00 24,302.000 24,302.000 24,302.000
JOHNSON & JOHNSON 478160104 14,893,345.00 212,005.000 212,005.000 212,005.000
K L A INSTRUMENTS CO 482480100 96,888.00 1,150.000 1,150.000 1,150.000
KANSAS CITY SOUTHERN INDS 485170104 4,700.00 100.000 100.000 100.000
KELLOGG CO 487836108 216,867.00 8,422.000 8,422.000 8,422.000
KIMBERLY CLARK CORP 494368103 689,345.00 12,296.000 12,296.000 12,296.000
KROGER CO 501044101 114,156.00 6,500.000 6,500.000 6,500.000
LAMAR ADVERTISING CO 512815101 9,100.00 200.000 200.000 200.000
ESTEE LAUDER COS INC A 518439104 30,037.00 600.000 600.000 600.000
LEUCADIA NATIONAL CORP 527288104 33,250.00 1,400.000 1,400.000 1,400.000
LEVEL 3 COMMUNICATION INC 52729N100 232,650.00 2,200.000 2,200.000 2,200.000
LEXMARK INTL GROUP INC-CL A 529771107 111,038.00 1,050.000 1,050.000 1,050.000
ELI LILLY & CO 532457108 9,774,340.00 156,077.000 156,077.000 156,077.000
LINCOLN NATIONAL CORP 534179106 125,000.00 1,600.000 1,600.000 1,600.000
LINCOLN NATL CORP 534187109 53,600.00 1,600.000 1,600.000 1,600.000
LINEAR TECHNOLOGY CORP 535678106 220,000.00 4,000.000 4,000.000 4,000.000
LOCKHEED MARTIN CORP 539830109 24,934.00 1,220.000 1,220.000 1,220.000
LOUISIANA PAC CORP 546347105 18,563.00 1,500.000 1,500.000 1,500.000
LOWES COMPANIES 548661107 23,350.00 400.000 400.000 400.000
LUCENT TECHNOLOGIES INC 549463107 2,889,102.00 47,169.000 47,169.000 47,169.000
M&F WORLDWIDE CORP 552541104 269.00 50.000 50.000 50.000
MBIA INC 55262C100 18,222.00 350.000 350.000 350.000
MBNA CORPORATION 55262L100 191,888.00 7,525.000 7,525.000 7,525.000
MCI COMMUNICATIONS 552673105 5,363.00 150.000 150.000 150.000
MDC HOLDINGS INC DELAWARE 552676108 3,587.00 200.000 200.000 200.000
MCI WORLDCOM INC 55268B106 9,800,441.00 216,287.000 216,287.000 216,287.000
MFN FINANCIAL CORP 55272N104 513.00 76.000 76.000 76.000
MARK IV INDUSTRIES INC 570387100 61,643.00 2,794.000 2,794.000 2,794.000
MARSH & MCLENNAN 571748102 1,433,000.00 15,200.000 15,200.000 15,200.000
MARRIOTT INTERNALTIONAL-CL A 571903202 160,083.00 5,082.000 5,082.000 5,082.000
MATRIA HEALTHCARE INC 576817100 11.00 2.000 2.000 2.000
MATTEL 577081102 32,047.00 3,052.000 3,052.000 3,052.000
MAY DEPT STORES 577778103 2,641,580.00 92,687.000 92,687.000 92,687.000
MAXXAM INC 577913106 122,550.00 4,300.000 4,300.000 4,300.000
MCDONALD'S CORP 580135101 1,300,651.00 34,800.000 34,800.000 34,800.000
MCGRAW-HILL COMPANIES INC. 580645109 1,636,135.00 35,959.000 35,959.000 35,959.000
MCKESSON HBOC INC 58155Q103 193,389.00 9,209.000 9,209.000 9,209.000
MEAD CORP 582834107 47,516.00 1,360.000 1,360.000 1,360.000
MEADE INSTRUMENTS CORP 583062104 13,800.00 200.000 200.000 200.000
MEDFORD BANCORP INC 584131106 34,200.00 2,400.000 2,400.000 2,400.000
MEDIAONE GROUP INC 58440J104 1,714,122.00 21,162.000 21,162.000 21,162.000
MEDTRONIC 585055106 4,830,395.00 93,908.000 93,908.000 93,908.000
MELLON BANK CORP 585509102 175,890.00 5,280.000 5,280.000 5,280.000
MELLON FINANCIAL CORP 58551A108 4,224,545.00 142,001.000 142,001.000 142,001.000
MERCANTILE BANKSHARES CORP 587405101 45,843.00 1,500.000 1,500.000 1,500.000
MERCHANTS CAPITAL CORP 588530204 450.00 450.000 450.000 450.000
MERCK & CO 589331107 41,014,971.00 660,200.000 660,200.000 660,200.000
MEREDITH CORP 589433101 2,769.00 100.000 100.000 100.000
METLIFE INC 59156R108 .00 98.000 98.000 98.000
MICROSOFT CORP 594918104 41,637,820.00 391,885.000 391,885.000 391,885.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
MINNESOTA MINING MFG 604059105 2,431,661.00 27,457.000 27,457.000 27,457.000
MIRAGE RESORTS 60462E104 1,782,503.00 92,000.000 92,000.000 92,000.000
MOLEX 608554101 44,063.00 750.000 750.000 750.000
MOLEX INC - CL A 608554200 888.00 20.000 20.000 20.000
MONSANTO 611662107 1,820,525.00 35,350.000 35,350.000 35,350.000
MONTANA POWER CO 612085100 102,400.00 1,600.000 1,600.000 1,600.000
J P MORGAN & CO 616880100 6,558,656.00 49,781.000 49,781.000 49,781.000
MORGAN ST DEAN WITTER & CO 617446448 492,775.00 5,946.000 5,946.000 5,946.000
MSDW INCOME SECURITIES INC 61745P874 3,015.00 201.000 201.000 201.000
MOTOROLA INC 620076109 6,620,516.00 45,346.000 45,346.000 45,346.000
NL INDUSTRIES 629156407 147,225.00 11,325.000 11,325.000 11,325.000
NUCO2 INC 629428103 36,113.00 2,700.000 2,700.000 2,700.000
NATIONAL BANCORP ALASKA 632587101 11,843,892.00 313,616.000 313,616.000 313,616.000
NATL CITY CORP 635405103 1,146,420.00 55,584.000 55,584.000 55,584.000
NATIONAL DATA CORP 635621105 78,000.00 3,000.000 3,000.000 3,000.000
NATIONWIDE FINANCIAL SERVICES 638612101 301,125.00 10,000.000 10,000.000 10,000.000
NEIMAN MARCUS GROUP 640204301 18,205.00 662.000 662.000 662.000
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 128,813.00 3,000.000 3,000.000 3,000.000
NEWELL RUBBERMAID 651229106 59,550.00 2,400.000 2,400.000 2,400.000
NEWS ITD ADR NEW 652487703 292,500.00 5,200.000 5,200.000 5,200.000
NICOR INC 654086107 13,175.00 400.000 400.000 400.000
NIKE 654106103 19,813.00 500.000 500.000 500.000
NOKIA CORP SPONSORED 654902204 9,451,650.00 42,575.000 42,575.000 42,575.000
NORFOLK & SOUTHERN 655844108 128,700.00 8,900.000 8,900.000 8,900.000
NORTEL NETWORKS CORP 656569100 996,388.00 7,900.000 7,900.000 7,900.000
NORTHERN TRUST 665859104 754,403.00 11,166.000 11,166.000 11,166.000
OGE ENERGY CORP 670837103 82,506.00 4,300.000 4,300.000 4,300.000
OHIO CASUALTY CORP 677240103 1,255,097.00 70,215.000 70,215.000 70,215.000
OMNICARE INC 681904108 60,310.00 5,000.000 5,000.000 5,000.000
OMEGA HEALTHCARE INVESTORS 681936100 1,262.00 200.000 200.000 200.000
ORACLE CORPORATION 68389X105 15,070,282.00 193,049.000 193,049.000 193,049.000
PECO ENERGY CO 693304107 84,813.00 2,300.000 2,300.000 2,300.000
P G & E CORP 69331C108 24,150.00 1,150.000 1,150.000 1,150.000
PE-CORP CLERA GENOMICS 69332S201 27,453.00 298.000 298.000 298.000
PMC CAPITAL 693430100 8,000.00 1,000.000 1,000.000 1,000.000
PMC- SIERRA INC 69344F106 115,287.00 566.000 566.000 566.000
P P G INDUSTRIES INC 693506107 276,838.00 5,292.000 5,292.000 5,292.000
PACIFIC CENTURY FINANCIAL CORP 694058108 337,192.00 16,600.000 16,600.000 16,600.000
PAINE WEBBER GROUP INC 695629105 426,641.00 10,750.000 10,750.000 10,750.000
PAYCHEX INC 704326107 167,600.00 3,200.000 3,200.000 3,200.000
PAYLESS SHOESOURCE INC 704379106 49,185.00 947.000 947.000 947.000
J C PENNEY 708160106 43,850.00 2,900.000 2,900.000 2,900.000
PEPSICO 713448108 2,521,221.00 72,293.000 72,293.000 72,293.000
PERRIGO COMPANY 714290103 15,188.00 2,000.000 2,000.000 2,000.000
PFIZER INC 717081103 31,655,948.00 865,803.000 865,803.000 865,803.000
PHELPS DODGE 717265102 11,844.00 250.000 250.000 250.000
PHILIP MORRIS COS INC 718154107 468,575.00 22,181.000 22,181.000 22,181.000
PHILLIPS PETROLEUM 718507106 13,875.00 300.000 300.000 300.000
PHYCOR INC 71940F100 724.00 702.000 702.000 702.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
PIONEER HI-BRED INTL 723686101 35,719.00 900.000 900.000 900.000
PITNEY BOWES INC 724479100 531,781.00 11,900.000 11,900.000 11,900.000
POTOMAC ELEC PWR 737679100 33,938.00 1,500.000 1,500.000 1,500.000
T ROWE PRICE ASSOCIATES 741477103 2,262,758.00 57,285.000 57,285.000 57,285.000
PROCTER & GAMBLE 742718109 16,385,753.00 290,013.000 290,013.000 290,013.000
PROPERTY CAPITAL TR.,INC 74343M102 185.00 368.000 368.000 368.000
PROVIDIAN FINANCIAL CORP 74406A102 682,172.00 7,875.000 7,875.000 7,875.000
QLOGIC CORP 747277101 33,875.00 250.000 250.000 250.000
QUAKER OATS 747402105 1,110,227.00 18,313.000 18,313.000 18,313.000
QUALCOMM INC 747525103 5,576,826.00 37,350.000 37,350.000 37,350.000
QUEST DIAGNOSTICS INC 74834L100 45,196.00 1,137.000 1,137.000 1,137.000
QUIXOTE CORP 749056107 7,350.00 600.000 600.000 600.000
QWEST COMMUNICATIONS 749121109 158,304.00 3,298.000 3,298.000 3,298.000
RALCORP HOLDINGS INC 751028101 3,857.00 266.000 266.000 266.000
RALSTON-RALSTON PURINA GRP INC 751277302 240,708.00 8,753.000 8,753.000 8,753.000
RANGER OIL LTD 752805101 7,875.00 2,000.000 2,000.000 2,000.000
RAYONIER INC 754907103 6,094.00 125.000 125.000 125.000
RAYTHEON CO CL B 755111408 110,050.00 6,200.000 6,200.000 6,200.000
REGENERON PHARM INC 75886F107 118,250.00 4,000.000 4,000.000 4,000.000
REGIONS FINANCIAL CORP 758940100 463,097.00 20,300.000 20,300.000 20,300.000
REPUBLIC SECURITY FINL CORP 760758102 22,015.00 2,516.000 2,516.000 2,516.000
REUTERS HLDGS PLC 76132M102 190,523.00 1,596.000 1,596.000 1,596.000
REYNOLDS METALS CO 761763101 69,818.00 1,044.000 1,044.000 1,044.000
RIGGS NATIONAL CORP 766570105 40,975.00 2,200.000 2,200.000 2,200.000
RIGHT MANAGEMENT CONSULTANTS 766573109 20,672.00 2,250.000 2,250.000 2,250.000
ROCKWELL INTL CORP 773903109 41,185.00 985.000 985.000 985.000
ROYAL BANK OF CANADA 780087102 96,125.00 2,000.000 2,000.000 2,000.000
ROYAL BK OF SCOTLAND PRFD C 780097408 19,211.00 833.000 833.000 833.000
ROYAL DUTCH PETRO-NY SHARES 780257804 12,028,036.00 208,052.000 208,052.000 208,052.000
SBC COMMUNICATIONS 78387G103 2,199,979.00 52,225.000 52,225.000 52,225.000
SDL INC 784076101 39,398.00 180.000 180.000 180.000
SABRE GROUP HOLDINGS 785905100 29,200.00 800.000 800.000 800.000
SAFEGUARD SCIENTIFICS 786449108 5,705,955.00 82,695.000 82,695.000 82,695.000
SAFEWAY INC NEW 786514208 127.00 4.000 4.000 4.000
ST PAUL COMPANIES INC 792860108 1,541,907.00 45,184.000 45,184.000 45,184.000
SARA LEE CORP 803111103 4,427,298.00 245,961.000 245,961.000 245,961.000
SCANA CORP 80589M102 245,625.00 10,000.000 10,000.000 10,000.000
SCHERING-PLOUGH CORP 806605101 2,001,027.00 53,900.000 53,900.000 53,900.000
SCHLUMBERGER LTD 806857108 689,106.00 9,916.000 9,916.000 9,916.000
SCOTTISH POWER PLC-ADR 81013T705 14,323.00 452.000 452.000 452.000
SCOTTS COMPANY 810186106 21,000.00 500.000 500.000 500.000
SEAGRAM CO LTD 811850106 37,188.00 625.000 625.000 625.000
SEARS ROEBUCK & CO 812387108 113,006.00 3,690.000 3,690.000 3,690.000
SERVICEMASTER COMPANY 81760N109 349,616.00 31,077.000 31,077.000 31,077.000
SHELL TRANS & TRADING NYSHNEW 822703609 1,827,587.00 37,250.000 37,250.000 37,250.000
SHERWIN WILLIAMS CO 824348106 389,400.00 17,600.000 17,600.000 17,600.000
SIEBEL SYSTEMS INC 826170102 1,074,933.00 9,000.000 9,000.000 9,000.000
SMITH INTERNATIONAL 832110100 155,000.00 2,000.000 2,000.000 2,000.000
SMITHKLINE BEECHAM PLC 832378301 441,167.00 6,678.000 6,678.000 6,678.000
SODEXHO MARRIOTT SERVICES 833793102 6,135.00 409.000 409.000 409.000
SONY CORP-SPONSORED ADR 835699307 1,016,854.00 3,630.000 3,630.000 3,630.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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COMMON STOCKS
SOURCE CAPITAL INCC 836144105 15,000.00 300.000 300.000 300.000
SOUTH JERSEY INDUSTRIES INC 838518108 14,375.00 510.000 510.000 510.000
SPRINT CORP (FON GROUP) 852061100 227,700.00 3,600.000 3,600.000 3,600.000
STAPLES INC 855030102 196,300.00 9,815.000 9,815.000 9,815.000
STARBUCKS CORPORATION 855244109 197,173.00 4,400.000 4,400.000 4,400.000
STATE BANCORP 855716106 168,465.00 12,364.000 12,364.000 12,364.000
STATE STREET CORP 857477103 11,278,004.00 116,418.000 116,418.000 116,418.000
STEPAN CO 858586100 43,375.00 2,000.000 2,000.000 2,000.000
STERLING SOFTWARE 859547101 4,071.00 708.000 708.000 708.000
SUBURBAN PROPANE GAS 864473103 19,750.00 1,000.000 1,000.000 1,000.000
SUN MICROSYSTEMS INC 866810104 18,381,277.00 196,165.000 196,165.000 196,165.000
SUNTRUST BANKS INC 867914103 196,350.00 3,400.000 3,400.000 3,400.000
SYMBOL TECHNOLOGIES 871508107 1,220,608.00 14,829.000 14,829.000 14,829.000
SYSCO CORP 871829107 3,223,073.00 89,220.000 89,220.000 89,220.000
TECO ENERGY INC 872375100 1,379,713.00 70,990.000 70,990.000 70,990.000
TJX COS INC 872540109 8,875.00 400.000 400.000 400.000
TRW INC 872649108 93,600.00 1,600.000 1,600.000 1,600.000
TAUBMAN CENTERS INC 876664103 16,688.00 1,500.000 1,500.000 1,500.000
TELE DANMARK ADR 879242105 32,506.00 700.000 700.000 700.000
TELECOM CORP NEW ZEALAND 879278208 511,424.00 13,940.000 13,940.000 13,940.000
TELEFON DE MEXICO LADS 879403780 133,250.00 2,000.000 2,000.000 2,000.000
TELLABS INC 879664100 1,166,661.00 18,523.000 18,523.000 18,523.000
TEMPLE INLAND 879868107 80,994.00 1,626.000 1,626.000 1,626.000
TEXACO 881694103 503,315.00 9,364.000 9,364.000 9,364.000
TEXAS INSTRUMENTS INC 882508104 1,500,800.00 9,380.000 9,380.000 9,380.000
TEXAS UTILITIES CO 882848104 39,455.00 1,329.000 1,329.000 1,329.000
TEXTRON INC 883203101 1,540,138.00 25,300.000 25,300.000 25,300.000
THERMO ELECTRON CORP 883556102 86,554.00 4,248.000 4,248.000 4,248.000
THOMSON CORP 884903105 21,931.00 700.000 700.000 700.000
3COM CORPORATION 885535104 286,469.00 5,150.000 5,150.000 5,150.000
TIME WARNER 887315109 39,618,500.00 396,185.000 396,185.000 396,185.000
TORCHMARK CORP 891027104 4,625.00 200.000 200.000 200.000
TOYS R US 892335100 35,697.00 2,410.000 2,410.000 2,410.000
TRANSAMERICA CORP 893485102 15,000.00 200.000 200.000 200.000
TREDEGAR INDUSTRIES 894650100 24,244.00 900.000 900.000 900.000
TRENWICK GROUP INC 895290104 12,713.00 900.000 900.000 900.000
TRICON GLOBAL RESTRAURANTS INC 895953107 32,306.00 1,040.000 1,040.000 1,040.000
TRIBUNE CO 896047107 193,355.00 5,288.000 5,288.000 5,288.000
TYCO INTERNATIONAL LTD 902124106 1,496,433.00 29,854.000 29,854.000 29,854.000
USX-MARATHON GROUP 902905827 13,031.00 500.000 500.000 500.000
U S BANCORP 902973106 65,626.00 3,000.000 3,000.000 3,000.000
USF & G 903290104 11,875.00 500.000 500.000 500.000
UNIGENE LABS, INC. 904753100 288.00 100.000 100.000 100.000
UNION PACIFIC CORP 907818108 473,022.00 12,090.000 12,090.000 12,090.000
UNION PACIFIC RESOURCE GR 907834105 81,507.00 5,621.000 5,621.000 5,621.000
UNITED ASSET MGMT CORP 909420101 3,462.00 200.000 200.000 200.000
UNITED BANKSHARES INC 909907107 4,400.00 200.000 200.000 200.000
US WEST INC 91273H101 426,382.00 5,871.000 5,871.000 5,871.000
UNITED TECHNOLOGIES 913017109 1,422,920.00 22,519.000 22,519.000 22,519.000
UROMED CORP 917274300 1,000.00 200.000 200.000 200.000
V F CORP 918204108 21,600.00 600.000 600.000 600.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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COMMON STOCKS
VALLEY NATIONAL BANCORP 919794107 134,375.00 5,000.000 5,000.000 5,000.000
VENTURE STORES, INC. 923275101 6.00 869.000 869.000 869.000
VIACOM INC CLASS A 925524100 2,638,744.00 49,380.000 49,380.000 49,380.000
VIACOM INC CLASS B 925524308 113,677.00 2,155.000 2,155.000 2,155.000
VIROPHARMA INC 928241108 19,927.00 325.000 325.000 325.000
VISX INC 92844S105 61,651.00 2,400.000 2,400.000 2,400.000
VLASIC FOODS INTERNATIONAL 928559103 1,024.00 431.000 431.000 431.000
VODAFONE GROUP PLC 92857T107 5,250,661.00 94,500.000 94,500.000 94,500.000
WD-40 CO 929236107 63,000.00 3,000.000 3,000.000 3,000.000
WACHOVIA CORPORATION 929771103 106,816.00 1,581.000 1,581.000 1,581.000
WAL-MART STORES INC 931142103 8,766,716.00 155,163.000 155,163.000 155,163.000
WALGREEN CO 931422109 206,000.00 8,000.000 8,000.000 8,000.000
WALTER INDUSTRIES 93317Q105 18,213.00 2,350.000 2,350.000 2,350.000
WARNER LAMBERT CO 934488107 12,882,254.00 131,872.000 131,872.000 131,872.000
WASHINGTON MUTUAL INC 939322103 444,670.00 16,780.000 16,780.000 16,780.000
WASHINGTON POST-CL B 939640108 808,254.00 1,494.000 1,494.000 1,494.000
WATSE CONNESTIONS INC 941053100 19,400.00 1,600.000 1,600.000 1,600.000
WASTE MANAGEMENT INC 94106L109 27,786.00 2,030.000 2,030.000 2,030.000
WATSON PHARMACEUTICAL INC 942683103 317,496.00 8,000.000 8,000.000 8,000.000
WELLS FARGO COMPANY(NEW) 949746101 381,013.00 9,350.000 9,350.000 9,350.000
WESTERN RESOURCES 959425109 37,918.00 2,398.000 2,398.000 2,398.000
WESTPOINT STEVENS INC 961238102 8,315,160.00 437,640.000 437,640.000 437,640.000
WEYERHAEUSER CO 962166104 8,550.00 150.000 150.000 150.000
WHOLE FOODS MKT INC 966837106 88,677.00 2,140.000 2,140.000 2,140.000
WILLAMETTE INDUSTRIES INC 969133107 8,025.00 200.000 200.000 200.000
WILLIAMS COMPANIES 969457100 123,025.00 2,800.000 2,800.000 2,800.000
WIND RIVER SYSTEMS LTD 973149107 16,313.00 450.000 450.000 450.000
WINSTAR COMMUNICATIONS 975515107 1,188,000.00 19,800.000 19,800.000 19,800.000
WRIGLEY WM 982526105 76,812.00 1,000.000 1,000.000 1,000.000
XEROX 984121103 489,005.00 19,142.000 19,142.000 19,142.000
YAHOO! INC 984332106 17,138.00 100.000 100.000 100.000
ZENECA GROUP PLC ADR 98934D106 35,325.00 900.000 900.000 900.000
ZIONS BANCORPORATION 989701107 14,111,899.00 339,024.000 339,024.000 339,024.000
COMMON STOCKS TOTAL * 1,074,882,516.00 16,872,271.000 16,872,271.000 16,872,271.000
GROWTH FUNDS
CENTRAL SECURITIES CORP 155123102 643,251.00 18,954.000 18,954.000 18,954.000
FIRST FINANCIAL FUND 320228109 239,524.00 30,659.000 30,659.000 30,659.000
H&Q HEALTHCARE INVSTRS FD 404052102 111,069.00 4,152.000 4,152.000 4,152.000
LATIN AMERICA EQUITY FUND 51827T100 26,625.00 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
GROWTH FUNDS TOTAL * 1,093,720.00 60,883.000 60,883.000 60,883.000
INCOME FUNDS
THE NEW AMERICA HIGH INC FD 641876107 603,329.00 201,110.000 201,110.000 201,110.000
INCOME FUNDS TOTAL * 603,329.00 201,110.000 201,110.000 201,110.000
MUTUAL FUND NON-TAXABLE
NUVEEN MASS PREMIUM INCOME FD 67061E104 56,119.00 4,100.000 4,100.000 4,100.000
NUV PERFORMANCE PLUS MUNI FD 67062P108 12,125.00 1,000.000 1,000.000 1,000.000
NUV PREM INCOME MUN FUND 67062T100 23,625.00 2,000.000 2,000.000 2,000.000
MUTUAL FUND NON-TAXABLE TOTAL * 91,869.00 7,100.000 7,100.000 7,100.000
REM870 FORM 13F AS OF 3/31/2000 15:18:03 5/15/2000
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Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
LIMITED PARTNERSHIP
LIMITED PARTNERSHIP
BUCKEYE PARTNERS L P 118230101 20,800.00 800.000 800.000 800.000
HERITAGE PROPANE PARTNERS 426918108 36,075.00 1,950.000 1,950.000 1,950.000
KINDER MORGAN ENERGY PRTNRS 494550106 48,459.00 1,221.000 1,221.000 1,221.000
LAKEHEAD PIPELINE-LP 511557100 8,688.00 250.000 250.000 250.000
NORTHERN BORDER PARTNERS L P 664785102 13,563.00 500.000 500.000 500.000
LIMITED PARTNERSHIP TOTAL * 127,585.00 4,721.000 4,721.000 4,721.000
PREFERRED STOCKS
AMERICAN INTL GROUP PFD 026874305 46,000.00 200.000 200.000 200.000
PREFERRED STOCKS TOTAL * 46,000.00 200.000 200.000 200.000
GRAND TOTAL ** 1,076,845,019.00 17,146,285.000 17,146,285.000 17,146,285.000
~
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