UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 31 March 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: Beta Management Limited
Address: Second Floor, Zephyr House, Mary Street
P.O. Box 709
George Town, Grand Cayman
Cayman Islands, BWI
13F File Number:
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: Rajpal Arulpragasam
Title: President
Phone: (203) 497-8750
Rajpal Arulpragasam New Haven, CT 14 April 2000
Report Type (Check only one)
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
NAME OF TITLE OF CUSIP VALUE SHARES SH/PRN INVST OTHER VOTING AUTHORITY
ISSUER CLASS (x$1000) DESC MGR SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------
24/7 Media Inc. COM 901314104 632 16000 SH SOLE 9400 0 6600
AETHER SYSTEMS INC COM 00808V105 454 2500 SH SOLE 1100 0 1400
AKAMAI TECHNOLOGIES COM 00971T101 466 2900 SH SOLE 2100 0 800
ALLIED RISER COMMUNI COM 019496108 629 18100 SH SOLE 11100 0 7000
AMDOCS LTD COM 851 11500 SH SOLE 6300 0 5200
AMFM Inc. COM 001693100 1385 22300 SH SOLE 14000 0 8300
AT&T CORP-LIBERTY ME COM 001957208 1507 25400 SH SOLE 17200 0 8200
AT&T Corp. COM 001957109 918 16300 SH SOLE 9500 0 6800
Actv Inc. COM 00088E104 782 22300 SH SOLE 13200 0 9100
Adelphia Communicati COM 006848105 715 14600 SH SOLE 7600 0 7000
Alcatel SA COM 013904305 1231 27500 SH SOLE 16700 0 10800
Altera Corp. COM 021441100 250 2800 SH SOLE 1400 0 1400
America Online Inc. COM 02364J104 2549 37800 SH SOLE 22800 0 15000
Amkor Technology Inc COM 031652100 690 13000 SH SOLE 8100 0 4900
Applied Materials In COM 038222105 1037 11000 SH SOLE 4200 0 6800
Applied Micro Circui COM 03822W109 840 5600 SH SOLE 3000 0 2600
Art Technology Group COM 04289L107 512 7800 SH SOLE 5400 0 2400
Aspect Telecommunica COM 045237104 256 6900 SH SOLE 3900 0 3000
Astoria Financial Co COM 046265104 800 28200 SH SOLE 17500 0 10700
Autodesk Inc. COM 052769106 223 4900 SH SOLE 1700 0 3200
BE FREE INC COM 073308108 482 21900 SH SOLE 13500 0 8400
BROADWING INC COM 111620100 788 21200 SH SOLE 12400 0 8800
Bank One Corp. COM 06423A103 1208 35000 SH SOLE 11800 0 23200
Bellsouth Corporatio COM 079860102 994 21200 SH SOLE 12000 0 9200
Biochem Pharma Inc. COM 09058T108 522 23600 SH SOLE 9300 0 14300
Brocade Communicatio COM 111621108 305 1700 SH SOLE 200 0 1500
C-Cube Microsystems COM 125015107 1515 20800 SH SOLE 12300 0 8500
CBS Corp. COM 12490K107 1166 20600 SH SOLE 16700 0 3900
CHECK POINT SOFTWARE COM 753 4400 SH SOLE 2700 0 1700
COBALT NETWORKS INC COM 19074R101 573 12200 SH SOLE 7200 0 5000
COX Communications I COM 224044107 2202 45400 SH SOLE 26700 0 18700
CSG Systems Internat COM 126349109 1411 28900 SH SOLE 16700 0 12200
Cabletron Systems COM 126920107 861 29300 SH SOLE 16100 0 13200
Cadence Design Syste COM 127387108 1089 52800 SH SOLE 33200 0 19600
Cambridge Technology COM 132524109 1195 88100 SH SOLE 50700 0 37400
Carolina Power & Lig COM 144141108 993 30600 SH SOLE 17700 0 12900
CenturyTel Inc. COM 156700106 1997 53800 SH SOLE 31500 0 22300
Ceridian Corp. COM 15677T106 1261 65700 SH SOLE 42500 0 23200
Chase Manhattan Corp COM 16161A108 2520 28900 SH SOLE 17400 0 11500
Cigna Corp. COM 125509109 1061 14000 SH SOLE 7400 0 6600
Cisco Systems Inc. COM 17275R102 2799 36200 SH SOLE 23000 0 13200
Citrix Systems Inc. COM 177376100 424 6400 SH SOLE 3700 0 2700
Clarus Corporation COM 182707109 290 4100 SH SOLE 2300 0 1800
Clear Channel Commun COM 184502102 1471 21300 SH SOLE 10300 0 11000
Colgate-Palmolive Co COM 194162103 913 16200 SH SOLE 8300 0 7900
Columbia Energy Grou COM 197648108 3081 52000 SH SOLE 32100 0 19900
Columbia HCA Healthc COM 197677107 1283 50700 SH SOLE 33800 0 16900
Comdisco Inc. COM 200336105 834 18900 SH SOLE 11700 0 7200
Commscope Inc. COM 203372107 667 14600 SH SOLE 8900 0 5700
Compaq Computer Corp COM 204493100 1156 43200 SH SOLE 25800 0 17400
Computer Associates COM 204912109 1119 18900 SH SOLE 12500 0 6400
Computer Sciences Co COM 205363104 2041 25800 SH SOLE 15600 0 10200
Concentric Network C COM 20589R107 655 11900 SH SOLE 6800 0 5100
Continental Airlines COM 210795308 2007 49100 SH SOLE 29700 0 19400
Credence Systems Cor COM 225302108 1326 10600 SH SOLE 6300 0 4300
Cybersource Corp. COM 23251J106 495 13300 SH SOLE 8100 0 5200
Cypress Semiconducto COM 232806109 946 19300 SH SOLE 11200 0 8100
DATA RETURN CORP. COM 23785M104 335 9100 SH SOLE 5400 0 3700
DELTATHREE.COM INC COM 24783N102 345 16500 SH SOLE 10300 0 6200
DII Group Inc. COM 232949107 1085 9600 SH SOLE 6100 0 3500
Delta Air Lines Inc. COM 247361108 783 14700 SH SOLE 6100 0 8600
Diamond Technology P COM 252762109 500 7600 SH SOLE 4400 0 3200
Disney (Walt) COM 254687106 1304 31600 SH SOLE 18400 0 13200
Donaldson, Lufkin & COM 257661108 450 8700 SH SOLE 4900 0 3800
E*trade Group Inc. COM 269246104 1529 50745 SH SOLE 29120 0 21625
Eastman Kodak Co. COM 277461109 2960 54500 SH SOLE 24700 0 29800
Eaton Corp. COM 278058102 2067 26500 SH SOLE 19800 0 6700
Edison International COM 281020107 1105 66700 SH SOLE 38800 0 27900
Egain Communications COM 28225C103 920 23600 SH SOLE 13900 0 9700
Electronic Data Syst COM 285661104 1059 16500 SH SOLE 10200 0 6300
Eli Lilly & Co. COM 532457108 1340 21400 SH SOLE 12700 0 8700
Extreme Networks COM 30226D106 640 8100 SH SOLE 4700 0 3400
F5 Networks Inc. COM 315616102 318 4700 SH SOLE 2800 0 1900
FLEXTRONICS INTERNAT COM 1458 20700 SH SOLE 12700 0 8000
Federated Department COM 31410H101 697 16500 SH SOLE 10500 0 6000
Foundry Networks Inc COM 35063R100 762 5300 SH SOLE 3200 0 2100
GILAT SATELLITE NETW COM 903 7700 SH SOLE 4600 0 3100
GLOBAL TELESYSTEMS G COM 37936U104 465 22700 SH SOLE 13500 0 9200
GO.COM COM 254687205 726 35200 SH SOLE 21700 0 13500
General Motors Corp. COM 370442105 1640 19800 SH SOLE 11100 0 8700
Gillette Company COM 375766102 788 20900 SH SOLE 12000 0 8900
Global Crossing Ltd. COM 831 20300 SH SOLE 12400 0 7900
GoTo.Com COM 38348T107 563 13700 SH SOLE 7700 0 6000
Goodrich (B.F.) Co. COM 382388106 2266 79000 SH SOLE 47500 0 31500
Grainger (W.W.) Inc. COM 384802104 646 11900 SH SOLE 6500 0 5400
Guidant Corp. COM 401698105 759 12900 SH SOLE 7500 0 5400
HI/FN Inc. COM 428358105 1594 24500 SH SOLE 14600 0 9900
HNC Software COM 40425P107 540 7500 SH SOLE 4600 0 2900
Harley-Davidson Inc. COM 412822108 3405 42900 SH SOLE 26400 0 16500
Hewlett-Packard CO. COM 428236103 1887 14200 SH SOLE 8700 0 5500
Hughes Electronics C COM 370442832 2390 19200 SH SOLE 11200 0 8000
ICG Communications I COM 449246107 1373 38000 SH SOLE 23500 0 14500
ISS Group Inc. COM 450306105 478 4100 SH SOLE 3000 0 1100
Illinois Tool Works COM 452308109 768 13900 SH SOLE 8300 0 5600
Inktomi Corp. COM 457277101 780 4000 SH SOLE 2200 0 1800
Intel Corp. COM 458140100 937 7100 SH SOLE 4500 0 2600
International Paper COM 460146103 727 17000 SH SOLE 9300 0 7700
Interpublic Group Co COM 460690100 945 20000 SH SOLE 10000 0 10000
Jabil Circuit Inc. COM 466313103 908 21000 SH SOLE 11400 0 9600
Kansas City Southern COM 485170104 1547 18000 SH SOLE 11100 0 6900
Keycorp COM 493267108 431 22700 SH SOLE 10800 0 11900
Knight/Trimark Group COM 499067106 1076 21100 SH SOLE 12400 0 8700
LTX Corp. COM 502392103 737 16300 SH SOLE 9600 0 6700
Lam Research Corp. COM 512807108 676 15000 SH SOLE 8400 0 6600
Lattice Semiconducto COM 518415104 1076 15900 SH SOLE 10500 0 5400
Legato Systems Inc. COM 524651106 870 19500 SH SOLE 11900 0 7600
Lexmark Internationa COM 529771107 825 7800 SH SOLE 5200 0 2600
Lockheed Martin Corp COM 539830109 1974 96600 SH SOLE 53200 0 43400
Looksmart COM 543442107 1003 22800 SH SOLE 13300 0 9500
Lycos Inc. COM 550818108 681 9700 SH SOLE 7100 0 2600
MARCHFIRST INC. COM 566244109 707 19800 SH SOLE 11300 0 8500
MCI Worldcom Inc. COM 55268B106 1423 31400 SH SOLE 19300 0 12100
MEDIAPLEX INC COM 58446B105 374 7200 SH SOLE 4200 0 3000
MGIC Investment Corp COM 552848103 2299 52700 SH SOLE 35500 0 17200
MMC Networks Inc. COM 55308N102 792 24000 SH SOLE 14300 0 9700
MTI Technology Corp. COM 553903105 815 30900 SH SOLE 17500 0 13400
Macromedia Inc. COM 556100105 1553 17200 SH SOLE 9900 0 7300
Marsh & McLennan Cos COM 571748102 1997 18100 SH SOLE 11900 0 6200
Maytag Corp. COM 578592107 1000 30200 SH SOLE 16100 0 14100
MedQuist Inc. COM 584949101 745 27400 SH SOLE 15500 0 11900
MediaOne Group Inc. COM 58440J104 1466 18100 SH SOLE 11800 0 6300
Metromedia Fiber Net COM 591689104 1122 11600 SH SOLE 6700 0 4900
Monsanto Co COM 611662107 1262 24500 SH SOLE 13700 0 10800
NAVISITE INC. COM 63935M109 463 3800 SH SOLE 2200 0 1600
NBC INTERNET INC COM 62873D105 801 18600 SH SOLE 11200 0 7400
Nabors Industries In COM 629568106 1095 28200 SH SOLE 15500 0 12700
National Semiconduct COM 637640103 620 10200 SH SOLE 5000 0 5200
Network Associates I COM 640938106 1500 46500 SH SOLE 30100 0 16400
Network Solutions In COM 64121Q102 446 2900 SH SOLE 1600 0 1300
Newmont Mining Corp. COM 651639106 687 30600 SH SOLE 18000 0 12600
Nike Inc. COM 654106103 721 18200 SH SOLE 9400 0 8800
Nortel Networks Corp COM 656569100 883 7000 SH SOLE 3700 0 3300
Northwest Airlines C COM 667280101 2120 93700 SH SOLE 61800 0 31900
Novellus Systems Inc COM 670008101 1246 22200 SH SOLE 15000 0 7200
Nucor Corp. COM 670346105 1330 26600 SH SOLE 11000 0 15600
PE Corp.-PE Biosyste COM 69332S102 540 5600 SH SOLE 3300 0 2300
Pairgain Technologie COM 695934109 1183 63300 SH SOLE 37200 0 26100
Parametric Technolog COM 699173100 670 31800 SH SOLE 20500 0 11300
Pepsico Inc. COM 713448108 1126 32300 SH SOLE 18700 0 13600
Peregrine Systems In COM 71366Q101 932 13900 SH SOLE 8400 0 5500
Phelps Dodge Corp. COM 717265102 739 15600 SH SOLE 8400 0 7200
Philip Morris Compan COM 718154107 670 31700 SH SOLE 18900 0 12800
Phillips Petroleum C COM 718507106 2470 53400 SH SOLE 37100 0 16300
Powerwave Technologi COM 739363109 688 5500 SH SOLE 3500 0 2000
Priceline.com Inc. COM 741503106 888 11100 SH SOLE 6500 0 4600
Psinet Inc. COM 74437C101 554 16300 SH SOLE 10400 0 5900
RADWARE LTD COM 163 4200 SH SOLE 2500 0 1700
RETEK, INC. COM 76128Q109 400 9700 SH SOLE 5700 0 4000
RF Micro Devices Inc COM 749941100 578 4300 SH SOLE 2400 0 1900
RSA Security Inc. COM 749719100 492 9500 SH SOLE 5500 0 4000
RSL COMMUNICATIONS L COM 1267 52800 SH SOLE 35600 0 17200
Rare Medium Group In COM 75382N109 794 18000 SH SOLE 10300 0 7700
Remedy Corp. COM 759548100 1171 27800 SH SOLE 15600 0 12200
Research In Motion L COM 760975102 170 1600 SH SOLE 100 0 1500
Rhythms Netconnectio COM 762430205 876 23800 SH SOLE 15900 0 7900
SCI Systems Inc. COM 783890106 2860 53200 SH SOLE 29500 0 23700
Sanmina Corp. COM 800907107 1203 17800 SH SOLE 9800 0 8000
Schwab (Charles) Cor COM 808513105 687 12100 SH SOLE 7000 0 5100
Scientific-Atlanta I COM 808655104 759 12000 SH SOLE 8200 0 3800
Seagate Technology I COM 811804103 797 12900 SH SOLE 8500 0 4400
Semtech Corp. COM 816850101 609 9500 SH SOLE 5700 0 3800
Smith International COM 832110100 1628 21000 SH SOLE 11900 0 9100
Software.Com Inc COM 83402P104 1366 10600 SH SOLE 6300 0 4300
Sportsline USA Inc. COM 848934105 550 18700 SH SOLE 11000 0 7700
Sprint Corp. (FON Gr COM 852061100 1240 19600 SH SOLE 11700 0 7900
Sprint Corp. (PCS Gr COM 852061506 1972 30100 SH SOLE 17800 0 12300
Stamps.com Inc. COM 852857101 446 23100 SH SOLE 13700 0 9400
StarMedia Network In COM 855546107 628 20900 SH SOLE 12400 0 8500
Sungard Data Systems COM 867363103 1321 35000 SH SOLE 21400 0 13600
Symantec Corp. COM 871503108 917 12200 SH SOLE 7400 0 4800
Symbol Technologies COM 871508107 1358 16500 SH SOLE 10400 0 6100
TELECOMUNICACOES DE COM 87929A102 597 20100 SH SOLE 12400 0 7700
TERRA NETWORKS COM 88100W103 518 6600 SH SOLE 3800 0 2800
TRW Inc COM 872649108 2007 34300 SH SOLE 20100 0 14200
Tech Data Corp. COM 878237106 1650 50200 SH SOLE 29800 0 20400
Telephone & Data Sys COM 879433100 688 6200 SH SOLE 3500 0 2700
Tellabs Inc. COM 879664100 983 15600 SH SOLE 10700 0 4900
Teradyne Inc. COM 880770102 566 6900 SH SOLE 3000 0 3900
Texas Instruments In COM 882508104 1024 6400 SH SOLE 3800 0 2600
Tibco Software Inc COM 88632Q103 579 7100 SH SOLE 4100 0 3000
Tosco Corp. COM 891490302 1103 36000 SH SOLE 17400 0 18600
Transaction Systems COM 893416107 615 21300 SH SOLE 17600 0 3700
UNITED PARCEL SERVIC COM 911312106 3086 49000 SH SOLE 27200 0 21800
Union Pacific Corp. COM 907818108 1452 37100 SH SOLE 20800 0 16300
Unisys Corporation COM 909214108 1641 63900 SH SOLE 36500 0 27400
United Technologies COM 913017109 1952 30900 SH SOLE 17000 0 13900
UnitedGlobalCom Inc. COM 913247508 766 10200 SH SOLE 6200 0 4000
Univision Communicat COM 914906102 3266 28900 SH SOLE 17000 0 11900
Veritas Software Cor COM 923436109 629 4800 SH SOLE 3150 0 1650
Vignette Corp. COM 926734104 513 3200 SH SOLE 1800 0 1400
Visual Networks Inc. COM 928444108 789 13900 SH SOLE 8000 0 5900
Vitesse Semiconducto COM 928497106 683 7100 SH SOLE 4100 0 3000
Vixel Corp COM 928552108 568 35200 SH SOLE 20800 0 14400
Voicestream Wireless COM 928615103 1031 8006 SH SOLE 4881 0 3125
Walgreen Co. COM 931422109 1427 55400 SH SOLE 40600 0 14800
Warner-Lambert Co. COM 934488107 1661 17000 SH SOLE 11600 0 5400
Washington Mutual In COM 939322103 1564 59000 SH SOLE 48300 0 10700
Waters Corp. COM 941848103 886 9300 SH SOLE 6500 0 2800
Watson Pharmaceutica COM 942683103 1183 29800 SH SOLE 18600 0 11200
WebTrends Corp. COM 94844D104 806 11200 SH SOLE 6700 0 4500
Whirlpool Corp. COM 963320106 774 13200 SH SOLE 7900 0 5300
Whole Foods Market I COM 966837106 1774 42800 SH SOLE 23500 0 19300
Williams Cos. Inc. COM 969457100 1156 26300 SH SOLE 15500 0 10800
Wind River Systems COM 973149107 678 18700 SH SOLE 11100 0 7600
Winstar Communicatio COM 975515107 711 11850 SH SOLE 6900 0 4950
eBay Inc. COM 278642103 651 3700 SH SOLE 2500 0 1200
</TABLE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 206
Form 13F Information Table Value Total: $220158 (x1000)
List of Other Included Managers:
