<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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: Analytic Investors, Inc.
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Address: 700 South Flower Street
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Suite 2400
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Los Angeles, CA 90017
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Form 13F File Number: 28-801-07082
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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: Marie Nastasi Arlt,
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Title: Chief Operating Officer
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Phone: 213-688-3015
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Signature, Place, and Date of Signing:
/s/ Marie Nastasi Arlt Los Angeles 08/15/00
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[Signature] [City, State] [Date]
Report Type (Check only one.):
/X/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
<PAGE>
/ / 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:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
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[Repeat as necessary.]
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FORM 13F INFORMATION TABLE
Page 1 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Agilent Technologies Inc. Common 00846U101 1,488 20,171 20,171 20,171
Alcoa, Inc. Common 013817101 1,852 63,862 63,862 63,862
Apple Computer, Inc. Common 037833100 43 814 814 814
Albertsons, Inc. Common 013104104 -94 -2,841 -2,841 -2,841
Abbott Laboratories Common 002824100 3,785 84,936 84,936 84,936
Barrick Gold, Corp. Common 067901108 -131 -7,230 -7,230 -7,230
Armstrong Holdings, Inc. Common 042384107 -51 -3,350 -3,350 -3,350
Alberto Culver Co. Common 013068101 36 1,177 1,177 1,177
A D C Telecom Inc. Common 000886101 3,901 46,510 46,510 46,510
Analog Devices Inc Common 032654105 3,210 42,237 42,237 42,237
Archer Daniels Midland Co. Common 039483102 -70 -7,145 -7,145 -7,145
Adaptec Inc Common 00651F108 -40 -1,740 -1,740 -1,740
Autodesk Inc Common 052769106 -26 -759 -759 -759
Ameren Corp. Common 023608102 2,430 72,013 72,013 72,013
Aegon NV Common 007924103 72 2,008 2,008 2,008
</TABLE>
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<TABLE>
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FORM 13F INFORMATION TABLE
Page 2 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
American Electric Power Co. Common 025537101 739 24,944 24,944 24,944
A E S Corp Common 00130H105 95 2,092 2,092 2,092
Aetna, Inc. Common 008117103 53 831 831 831
AFLAC INC Common 001055102 543 11,814 11,814 11,814
Associates First Capital Common 046008108 1,054 47,247 47,247 47,247
American General Corp. Common 026351106 2,113 34,638 34,638 34,638
Allergan Inc. Common 018490102 -124 -1,667 -1,667 -1,667
Amerada Hess Corp. Common 023551104 7,801 126,333 126,333 126,333
American Home Products Corp. Common 026609107 -141 -2,403 -2,403 -2,403
American International Group, Inc Common 026874107 9,613 81,809 81,809 81,809
Alcan Aluminum Common 013716105 109 3,481 3,481 3,481
Alcatel SA - Spon ADR Common 013904305 47 712 712 712
Allstate, Corp. Common 020002101 -121 -5,436 -5,436 -5,436
Altera Corp. Common 021441100 37 359 359 359
American Greetings Corp. Common 026375105 -148 -7,787 -7,787 -7,787
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 3 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Applied Materials Common 038222105 -26 -283 -283 -283
Advanced Micro Devices Common 007903107 2,804 36,304 36,304 36,304
Amgen, Inc. Common 031162100 51 723 723 723
A M R Corp. Common 001765106 -53 -2,022 -2,022 -2,022
A O N Corp. Common 037389103 62 1,984 1,984 1,984
America Online Inc. Common 02364J104 4,505 85,512 85,512 85,512
Apache Corp Common 037411105 1,196 20,330 20,330 20,330
Anadarko Petroleum Corp Common 032511107 -124 -2,504 -2,504 -2,504
Air Products & Chemicals Common 009158106 63 2,045 2,045 2,045
Ashland Oil Common 044204105 181 5,167 5,167 5,167
AmSouth Bancorp Common 032165102 -86 -5,449 -5,449 -5,449
AllTel Corp. Common 020039103 -140 -2,267 -2,267 -2,267
Allegheny Technologies Inc. Common 01741R102 46 2,529 2,529 2,529
Automatic Data Products Common 053015103 8,023 149,794 149,794 149,794
Aventis -Spon ADR Common 053561106 84 1,155 1,155 1,155
</TABLE>
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<TABLE>
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FORM 13F INFORMATION TABLE
Page 4 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Avon Products, Inc. Common 054303102 -76 -1,709 -1,709 -1,709
Avery Dennison Corp. Common 053611109 -134 -1,990 -1,990 -1,990
American Express Co. Common 025816109 9,098 174,549 174,549 174,549
Alza Corp Common 022615108 -105 -1,768 -1,768 -1,768
Autozone Inc. Nevada Common 053332102 36 1,627 1,627 1,627
Boeing Co. Common 097023105 9,204 220,134 220,134 220,134
Bank of America Corp. Common 060505104 5,382 125,170 125,170 125,170
Baxter International, Inc. Common 071813109 -238 -3,380 -3,380 -3,380
BB&T Corporation Common 054937107 616 25,819 25,819 25,819
Banco Bilbao Vizcaya - SP ADR Common 05946K101 1 1 1
Best Buy Co., Inc. Common 086516101 -24 -373 -373 -373
Brunswick Corp. Common 117043109 61 3,666 3,666 3,666
Boise Cascade Corp Common 097383103 -72 -2,795 -2,795 -2,795
Bard C R, Inc. Common 067383109 -73 -1,511 -1,511 -1,511
Black & Decker Manufacturing Common 091797100 -96 -2,453 -2,453 -2,453
</TABLE>
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<TABLE>
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FORM 13F INFORMATION TABLE
Page 5 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Becton Dickinson & Co. Common 075887109 -51 -1,762 -1,762 -1,762
Bell Atlantic Corp. Common 077853109 4,707 92,628 92,628 92,628
Franklin Resources Inc. Common 354613101 102 3,360 3,360 3,360
Brown Forman Corp. Class B Common 115637209 130 2,413 2,413 2,413
Bestfoods Common 08658U101 202 2,915 2,915 2,915
Biogen Inc. Common 090597105 51 788 788 788
Briggs & Stratton Common 109043109 52 1,512 1,512 1,512
Baker-Hughes, Inc. Common 057224107 117 3,649 3,649 3,649
Bank of New York, Inc. Common 064057102 -269 -5,793 -5,793 -5,793
Ball Corp. Common 058498106 -70 -2,169 -2,169 -2,169
Bellsouth Corp. Common 079860102 9,867 231,478 231,478 231,478
BMC Software Inc. Common 055921100 -53 -1,439 -1,439 -1,439
Biomet Inc. Common 090613100 70 1,819 1,819 1,819
Bemis Co, Inc. Common 081437105 88 2,623 2,623 2,623
Bristol Myers Squibb Co. Common 110122108 11,588 198,929 198,929 198,929
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 6 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Burlington Northern Santa Fe Common 12189T104 129 5,566 5,566 5,566
Bausch & Lomb, Inc. Common 071707103 -123 -1,594 -1,594 -1,594
Bethlehem Steel Corp. Common 087509105 -28 -7,922 -7,922 -7,922
Bear Stearns Cos Inc Common 073902108 99 2,375 2,375 2,375
Boston Scientific Corp. Common 101137107 41 1,866 1,866 1,866
Anheuser-Busch Companies, Inc. Common 035229103 -211 -2,824 -2,824 -2,824
Citigroup Inc Common 172967101 17,778 295,071 295,071 295,071
Conagra, Inc. Common 205887102 119 6,252 6,252 6,252
Cardinal Health Inc. Common 14149Y108 -95 -1,284 -1,284 -1,284
Caterpillar, Inc. Common 149123101 -73 -2,156 -2,156 -2,156
Chubb Corp. Common 171232101 -208 -3,390 -3,390 -3,390
Cooper Industries Common 216669101 46 1,409 1,409 1,409
Circuit City Strs-C C Grp Common 172737108 1,325 39,918 39,918 39,918
Coca Cola Enterprises, Inc. Common 191219104 -30 -1,869 -1,869 -1,869
Crown Cork & Seal, Inc. Common 228255105 -121 -8,096 -8,096 -8,096
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 7 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Countrywide Credit Inds. Inc. Common 222372104 -133 -4,389 -4,389 -4,389
Clear Channel Comm Inc. Common 184502102 -44 -581 -581 -581
Cendant Corp Common 151313103 37 2,576 2,576 2,576
Constellation Energy Group Common 210371100 248 7,631 7,631 7,631
Ceridian Corp. Common 15677T106 -37 -1,549 -1,549 -1,549
Coastal Corp. Common 190441105 293 4,815 4,815 4,815
China Mobile HK Ltd-Sp ADR Common 16941M109 29 161 161 161
Chevron Corp. Common 166751107 9,999 117,890 117,890 117,890
Cigna Corp. Common 125509109 161 1,722 1,722 1,722
Cinergy Corp. Common 172474108 297 11,677 11,677 11,677
Cincinnati Financial Corp. Common 172062101 1,777 56,512 56,512 56,512
Colgate-Palmolive Co. Common 194162103 8,362 139,658 139,658 139,658
Clorox Co. Common 189054109 492 10,978 10,978 10,978
Comerica, Inc. Common 200340107 -164 -3,646 -3,646 -3,646
Chase Manhattan Corp. Common 16161A108 8,822 191,527 191,527 191,527
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 8 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Comcast Corp.- Special Cl A Common 200300200 53 1,301 1,301 1,301
C M S Energy Corp. Common 125896100 110 4,983 4,983 4,983
CONOCO INC Common 208251405 144 5,846 5,846 5,846
Capital One Financial Corp. Common 14040H105 66 1,477 1,477 1,477
3 Com, Inc. Common 885535104 30 518 518 518
Costco Wholesale Corp. Common 22160K105 -51 -1,545 -1,545 -1,545
Campbell Soup Co. Common 134429109 -265 -9,114 -9,114 -9,114
C P & L Energy Inc. Common 12614C106 111 3,484 3,484 3,484
Compaq Computer Corp. Common 204493100 -63 -2,478 -2,478 -2,478
Crane Corp. Common 224399105 61 2,497 2,497 2,497
Cabletron Systems Inc Common 126920107 34 1,352 1,352 1,352
Computer Sciences Corp Common 205363104 65 864 864 864
Cisco Systems, Inc. Common 17275R102 20,828 327,685 327,685 327,685
Credit Suisse Group-SP ADR Common 225401108 76 1,532 1,532 1,532
C. S. X. Corp. Common 126408103 -104 -4,906 -4,906 -4,906
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 9 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cooper Tire & Rubber Co. Common 216831107 39 3,509 3,509 3,509
CenturyTel Inc. Common 156700106 -57 -1,995 -1,995 -1,995
Centex Corp. Common 152312104 1,713 72,891 72,891 72,891
Cummins Engine, Inc. Common 231021106 64 2,359 2,359 2,359
CVS Corp. Common 126650100 -49 -1,237 -1,237 -1,237
Dominion Resources, Inc. Common 25746U109 -212 -4,939 -4,939 -4,939
Dana Corp. Common 235811106 -62 -2,949 -2,949 -2,949
Daimlerchrysler AG Common D1668R123 55 1,053 1,053 1,053
Du Pont (E. I.) De Nemours Co. Common 263534109 119 2,711 2,711 2,711
Deere & Co. Common 244199105 -94 -2,537 -2,537 -2,537
Dell Computer Corp. Common 247025109 831 16,852 16,852 16,852
Dollar General Corp. Common 256669102 5,357 274,743 274,743 274,743
Danaher Corp. Common 235851102 4,638 93,814 93,814 93,814
Disney Walt Co. Com Stk Common 254687106 8,723 224,750 224,750 224,750
Dow Jones & Co. Common 260561105 477 6,512 6,512 6,512
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 10 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Deluxe Corp. Common 248019101 662 28,098 28,098 28,098
Dun & Bradstreet Common 26483B106 -77 -2,705 -2,705 -2,705
Donnelley R R & Sons Co Common 257867101 -103 -4,570 -4,570 -4,570
Dover Corp. Common 260003108 85 2,086 2,086 2,086
Dow Chemical Co. Common 260543103 457 15,125 15,125 15,125
Delphi Automotive Systems Common 247126105 -36 -2,467 -2,467 -2,467
Darden Restaurants, Inc. Common 237194105 92 5,651 5,651 5,651
DTE Energy Co. Common 233331107 -306 -9,997 -9,997 -9,997
Duke Energy Corp. Common 264399106 -285 -5,023 -5,023 -5,023
Engelhard Corp. Common 292845104 56 3,298 3,298 3,298
Ecolab Inc. Common 278865100 -79 -2,012 -2,012 -2,012
Consolidated Edison Inc. Common 209115104 2,193 74,029 74,029 74,029
Electronic Data System Corp. Common 285661104 -86 -2,074 -2,074 -2,074
Eastern Enterprises Common 27637F100 -184 -2,921 -2,921 -2,921
Equifax Inc. Common 294429105 28 1,075 1,075 1,075
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FORM 13F INFORMATION TABLE
Page 11 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Edison International Common 281020107 229 11,191 11,191 11,191
Eastman Kodak Co. Common 277461109 144 2,420 2,420 2,420
EMC Corp. Common 268648102 10,164 132,103 132,103 132,103
Eastman Chemical Co. Common 277432100 5,448 114,093 114,093 114,093
Emerson Electric Co. Common 291011104 -151 -2,499 -2,499 -2,499
Enron Corp. Common 293561106 -312 -4,834 -4,834 -4,834
El Paso Energy Corp. Common 283905107 265 5,197 5,197 5,197
Ericsson (LM) Tel-SP ADR Common 294821400 130 6,480 6,480 6,480
Eaton Corp. Common 278058102 1,194 17,823 17,823 17,823
Entergy Corp. Common 29364G103 -115 -4,209 -4,209 -4,209
Fleet Boston Financial Corp. Common 339030108 3,691 108,545 108,545 108,545
Freeport McMoran Copper and Gold Common 35671D857 1,259 136,124 136,124 136,124
Federated Department Stores Common 31410H101 1,668 49,420 49,420 49,420
First Data Corp. Common 319963104 114 2,306 2,306 2,306
Fed Ex Corp. Common 31428X106 63 1,646 1,646 1,646
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FORM 13F INFORMATION TABLE
Page 11 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Firstenergy Corp. Common 337932107 191 8,098 8,098 8,098
Fifth Third Bancorp Common 316773100 -189 -2,989 -2,989 -2,989
Fort James Corp. Common 347471104 -90 -3,888 -3,888 -3,888
Flour Corp. Common 343861100 102 3,221 3,221 3,221
F. M. C. Corp. Common 302491303 -47 -806 -806 -806
Federal National Mortgage Associa Common 313586109 2,746 52,626 52,626 52,626
Fortune Brands, Inc. Common 349631101 -146 -6,329 -6,329 -6,329
Sprint, Corp Common 852061100 2,690 52,746 52,746 52,746
Florida Progress Corp. Common 341109106 228 4,855 4,855 4,855
F P L Group, Inc. Common 302571104 -596 12,003 -12,003 -12,003
Freddie Mac Common 313400301 -78 -1,924 -1,924 -1,924
Firstar Corp. Common 33763V109 1,637 77,733 77,733 77,733
France Telecom SA-SP ADR Common 35177Q105 99 692 692 692
First Union Corp. Common 337358105 49 1,985 1,985 1,985
Gillette Co. Common 375766102 -45 -1,275 -1,275 -1,275
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FORM 13F INFORMATION TABLE
Page 13 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Great Atlantic & Pacific Tea Co. Common 390064103 32 1,906 1,906 1,906
Nicor, Inc. Common 654086107 -186 -5,701 -5,701 -5,701
Gannett, Inc. Common 364730101 -135 -2,257 -2,257 -2,257
General Dynamics Corp. Common 369550108 -69 -1,328 -1,328 -1,328
Guidant Corp Common 401698105 -61 -1,239 -1,239 -1,239
Golden West Financial Common 381317106 1,284 31,459 31,459 31,459
General Electric Co. Common 369604103 27,302 515,131 515,131 515,131
General Mills, Inc. Common 370334104 -246 -6,422 -6,422 -6,422
Great Lakes Chemical Corp. Common 390568103 62 1,981 1,981 1,981
Corning, Inc. Common 219350105 -53 -197 -197 -197
General Motors Corp. Common 370442105 1,901 32,774 32,774 32,774
Georgia-Pacific Corp. Common 373298108 48 1,814 1,814 1,814
Genuine Parts Co. Common 372460105 38 1,888 1,888 1,888
Gap, Inc. Common 364760108 36 1,142 1,142 1,142
GPU Inc. Common 36225X100 -474 -17,497 -17,497 -17,497
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FORM 13F INFORMATION TABLE
Page 13 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Goodrich B F Co. Common 382388106 -51 -1,491 -1,491 -1,491
Grace W R & Co. New Common 38388F108 50 4,029 4,029 4,029
Goodyear Tire & Rubber Co. Common 382550101 -57 -2,852 -2,852 -2,852
Grainger W W, Inc. Common 384802104 -25 -807 -807 -807
Harcourt General Inc. Common 41163G101 -124 -2,275 -2,275 -2,275
Halliburton Co. Common 406216101 -315 -6,677 -6,677 -6,677
Huntington Bancshares Inc. Common 446150104 -54 -3,408 -3,408 -3,408
HSBC Holdings PLC-SP ADR Common 404280406 78 1,351 1,351 1,351
HCA - The Healthcare Corp. Common 404119109 103 3,345 3,345 3,345
Home Depot, Inc. Common 437076102 9,903 198,302 198,302 198,302
Harley Davidson Inc. Wis Common 412822108 4,712 122,394 122,394 122,394
Harrahs Ent Inc. Common 413619107 1,967 93,939 93,939 93,939
Household International Common 441815107 -95 -2,280 -2,280 -2,280
Hartford Financial Svcs Group Common 416515104 99 1,763 1,763 1,763
Heinz (H.J.) Co. Common 423074103 -110 -2,522 -2,522 -2,522
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 14 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Honeywell International Inc. (New Common 438516106 -90 -2,685 -2,685 -2,685
Hercules Inc. Common 427056106 -129 -9,182 -9,182 -9,182
Block H & R Inc Common 093671105 143 4,428 4,428 4,428
Healthsouth Rehab Corp. Common 421924101 2,134 296,916 296,916 296,916
Hershey Foods Corp. Common 427866108 -80 -1,658 -1,658 -1,658
Hutchison Whampoa -UNSP ADR Common 448415208 47 726 726 726
Hewlett-Packard Co. Common 428236103 10,813 86,594 86,594 86,594
International Business Machines C Common 459200101 -97 -884 -884 -884
International Flavors & Fragrance Common 459506101 103 3,404 3,404 3,404
ITT Industries Common 450911102 -124 -4,087 -4,087 -4,087
San Paolo-IMI SPA - SP ADR Common 799175104 74 2,081 2,081 2,081
Intel Corp. Common 458140100 21,916 163,932 163,932 163,932
International Paper Co. Common 460146103 313 10,501 10,501 10,501
Interpublic Group Companies Common 460690100 94 2,176 2,176 2,176
Ingersoll Rand Co. Common 456866102 -61 -1,523 -1,523 -1,523
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 16 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Illinois Tool Works Common 452308109 -34 -589 -589 -589
Johnson Controls, Inc. Common 478366107 -80 -1,558 -1,558 -1,558
J.C. Penney Co. Common 708160106 -141 -7,628 -7,628 -7,628
Johnson & Johnson Common 478160104 14,259 139,970 139,970 139,970
Jefferson Pilot Corp. Common 475070108 2,211 39,176 39,176 39,176
J.P. Morgan & Co. Common 616880100 3,547 32,209 32,209 32,209
Nordstrom, Inc. Common 655664100 -32 -1,342 -1,342 -1,342
Kellogg Co. Common 487836108 104 3,480 3,480 3,480
Kaufman & Broad Home Common 486168107 73 3,706 3,706 3,706
Keycorp Common 493267108 -175 -9,922 -9,922 -9,922
K L A Tencor Corp Common 482480100 1,559 26,620 26,620 26,620
Kimberly Clark Corp. Common 494368103 -182 -3,171 -3,171 -3,171
Kerr-McGee Corp. Common 492386107 2,091 35,477 35,477 35,477
Coca-Cola Co. Common 191216100 1,692 29,461 29,461 29,461
Koninklijke KPN NV - SP ADR Common 780641205 28 624 624 624
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 17 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Kroger Co. Common 501044101 -60 -2,705 -2,705 -2,705
MBNA Corp. Common 55262L100 195 7,204 7,204 7,204
Knight-Ridder, Inc. Common 499040103 -88 -1,651 -1,651 -1,651
Kohl's Corp. Common 500255104 -73 -1,318 -1,318 -1,318
Longs Drug Stores Common 543162101 -69 -3,150 -3,150 -3,150
Leggett & Platt Inc Common 524660107 -51 -3,113 -3,113 -3,113
Lehman Brothers Holding, Inc. Common 524908100 -42 -448 -448 -448
Liz Claiborne Common 539320101 1,503 42,639 42,639 42,639
Linear Technology Common 535678106 -84 -1,315 -1,315 -1,315
Lilly Eli & Co. Common 532457108 393 3,937 3,937 3,937
Lockheed Martin Corp. Common 539830109 -83 -3,342 -3,342 -3,342
Lincoln National Corp. Common 534187109 -96 -2,650 -2,650 -2,650
Lowe's Companies, Inc. Common 548661107 754 18,358 18,358 18,358
Louisiana-Pacific Corp. Common 546347105 39 3,595 3,595 3,595
L S I Logic Corp. Common 502161102 47 860 860 860
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 18 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Limited, Inc. Common 532716107 -59 -2,708 -2,708 -2,708
Loews Corp. Common 540424108 3,526 58,760 58,760 58,760
Lucent Technologies, Inc. Common 549463107 1,281 21,624 21,624 21,624
Southwest Airlines Co. Common 844741108 -55 -2,922 -2,922 -2,922
LVMH -ADR Common 502441207 52 625 625 625
Lexmark International Inc. Common 529771107 -47 -696 -696 -696
Marriott Intl Inc. Cl.A Common 571903202 -122 -3,375 -3,375 -3,375
Masco Corp. Common 574599106 51 2,851 2,851 2,851
Mattel, Inc. Common 577081102 33 2,520 2,520 2,520
May Department Stores Common 577778103 119 4,976 4,976 4,976
M B I A INC Common 55262C100 94 1,958 1,958 1,958
McDonald's Corp. Common 580135101 -389 -11,810 -11,810 -11,810
McKesson HBOC Inc. Common 58155Q103 -68 -3,241 -3,241 -3,241
Meredith Corp. Common 589433101 -127 -3,753 -3,753 -3,753
Medtronic, Inc. Common 585055106 7,869 157,968 157,968 157,968
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 19 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Mead Corp Common 582834107 25 989 989 989
MediImmune, Inc. Common 584699102 29 395 395 395
Mellon Financial Corp. Common 58551A108 -237 -6,503 -6,503 -6,503
Merrill Lynch & Co. Common 590188108 -312 -2,713 -2,713 -2,713
McGraw-Hill, Inc. Common 580645109 -110 -2,037 -2,037 -2,037
Millipore Corp Common 601073109 -39 -514 -514 -514
Mallinckrodt Group, Inc. Common 561232109 873 20,093 20,093 20,093
Marsh Mclennan Co. Common 571748102 -94 -900 -900 -900
Minnesota Mining & Manufacturing Common 604059105 7,669 92,956 92,956 92,956
Philip Morris Companies, Inc. Common 718154107 4,987 187,730 187,730 187,730
Molex Inc Common 608554101 264 5,495 5,495 5,495
Motorola, Inc. Common 620076109 2,912 100,212 100,212 100,212
Merck & Co. Common 589331107 14,593 190,449 190,449 190,449
USX-Marathon Group, Inc. Common 902905827 4,320 172,352 172,352 172,352
Microsoft Corp. Common 594918104 14,308 178,850 178,850 178,850
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 20 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
M G I C Invt Corp Wis Common 552848103 3,390 74,497 74,497 74,497
Micron Technology, Inc. Common 595112103 -88 -996 -996 -996
Morgan Stanley Dean Witter & Co. Common 617446448 159 1,907 1,907 1,907
Maxim Integrated Technologies Common 57772K101 -79 -1,162 -1,162 -1,162
Milacron Inc. Common 598709103 -64 -4,415 -4,415 -4,415
INCO, Ltd. Common 453258402 208 13,510 13,510 13,510
National Australia BK-Sp ADR Common 632525408 84 1,011 1,011 1,011
Navistar Intl. Common 63934E108 25 817 817 817
National City Corp. Common 635405103 5,003 293,211 293,211 293,211
New Century Energies Inc. Common 64352U103 -90 -2,989 -2,989 -2,989
NCR CORP Common 62886E108 -50 -1,275 -1,275 -1,275
Newmont Mining Common 651639106 44 2,015 2,015 2,015
Nabisco Group Holdings Common 62952P102 -113 -4,346 -4,346 -4,346
Niagara Mohawk Holdings Inc. Common 653520106 71 5,072 5,072 5,072
Northrop Grumman Corp. Common 666807102 -43 -643 -643 -643
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 21 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Nokia Corp -SP ADR Common 654902204 163 3,262 3,262 3,262
Norfolk Southern Common 655844108 -27 -1,817 -1,817 -1,817
National Service Inds Inc. Common 637657107 -143 -7,125 -7,125 -7,125
Northern States Power Common 665772109 108 5,367 5,367 5,367
Nestle SA-SP ADR Common 641069406 108 1,080 1,080 1,080
Nortel Networks Corp. Common 656568102 11,550 169,229 169,229 169,229
Network Appliance Corp. Common 64120L104 2,571 31,942 31,942 31,942
Northern Trust Corp. Common 665859104 -150 -2,313 -2,313 -2,313
Nucor Corp. Common 670346105 60 1,800 1,800 1,800
Novartis AG-ADR Common 66987V109 123 3,080 3,080 3,080
Newell Rubbermaid Inc. Common 651229106 62 2,411 2,411 2,411
News Corp Ltd. Common 652487703 50 910 910 910
New York Times, Co. Class A Common 650111107 5,824 147,451 147,451 147,451
Telecom New Zealand - Sp ADR Common 879278208 42 1,495 1,495 1,495
Quaker Oats Co. Common 747402105 -87 -1,155 -1,155 -1,155
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 22 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Owens-Illinois, Inc. Common 690768403 1,417 121,258 121,258 121,258
Old Kent Financial Corp Common 679833103 128 4,797 4,797 4,797
Oneok Inc. Common 682680103 125 4,801 4,801 4,801
Omnicom Group, Inc. Common 681919106 -107 -1,197 -1,197 -1,197
Banc One Corp. Common 06423A103 -158 -5,939 -5,939 -5,939
Oracle Systems Common 68389X105 12,729 151,418 151,418 151,418
Owens Corning Common 69073F103 -18 -1,963 -1,963 -1,963
Occidental Petroleum Corp. Common 674599105 3,996 189,724 189,724 189,724
Phillips Petroleum Co. Common 718507106 -171 -3,367 -3,367 -3,367
Paychex Inc. Common 704326107 5,345 127,262 127,262 127,262
Pitney Bowes Common 724479100 -202 -5,054 -5,054 -5,054
Paccar, Inc. Common 693718108 79 1,999 1,999 1,999
P G & E Corporation Common 69331C108 209 8,495 8,495 8,495
Potlatch Corp. Common 737628107 -362 -10,919 -10,919 -10,919
Sprint Corp (PCS Group) Common 852061506 1,919 32,249 32,249 32,249
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 23 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Phelps Dodge Corp. Common 717265102 -147 -3,945 -3,945 -3,945
Peco Energy, Corp. Common 693304107 94 2,337 2,337 2,337
Public Service Enterprise Group, Common 744573106 -465 -13,423 -13,423 -13,423
Pepsico, Inc. Common 713448108 2,356 53,018 53,018 53,018
Pfizer, Inc. Common 717081103 10,263 213,807 213,807 213,807
Procter & Gamble Co. Common 742718109 87 1,518 1,518 1,518
Peoples Energy Corp. Common 711030106 4,325 133,577 133,577 133,577
Progressive Corp Common 743315103 -89 -1,214 -1,214 -1,214
Parker Hannifin Corp. Common 701094104 1,142 33,336 33,336 33,336
Pharmacia Corp. Common 71713U102 -45 -878 -878 -878
Philips Electronics - NY SHR Common 500472303 65 1,368 1,368 1,368
Pulte Corp. Common 745867101 -32 -1,495 -1,495 -1,495
Perkinelmer Inc. Common 714046109 -68 -1,022 -1,022 -1,022
Pall Corp. Common 696429307 -46 -2,494 -2,494 -2,494
P N C Bank Corp. Common 693475105 228 4,858 4,858 4,858
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 24 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Pinnacle West Capital Common 723484101 1,003 29,621 29,621 29,621
P P G Industries, Inc. Common 693506107 -58 -1,300 -1,300 -1,300
PPL Corporation Common 69351T106 -154 -7,022 -7,022 -7,022
Polaroid Corp. Common 731095105 -31 -1,709 -1,709 -1,709
Pactiv Corporation Common 695257105 59 7,446 7,446 7,446
Providian Financial Corp. Common 74406A102 -43 -476 -476 -476
Paine Webber Group Inc. Common 695629105 -159 -3,492 -3,492 -3,492
Praxair, Inc. Common 74005P104 346 9,239 9,239 9,239
Qualcomm Inc. Common 747525103 4,039 67,317 67,317 67,317
Quintiles TransNatl Corp Common 748767100 -53 -3,725 -3,725 -3,725
Ryder System, Inc. Common 783549108 -35 -1,862 -1,862 -1,862
Ralston-Ralston Purina Group Common 751277302 -140 -7,014 -7,014 -7,014
Royal Dutch Petroleum Co. Common 780257804 236 3,832 3,832 3,832
Rowan Companies Common 779382100 318 10,474 10,474 10,474
Reliant Energy Inc. Common 75952J108 -222 -7,411 -7,411 -7,411
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 25 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Regions Financial Corp. Common 758940100 654 32,927 32,927 32,927
Roche Holdings Ltd-SPONS ADR Common 771195104 105 1,100 1,100 1,100
Transocean Sedco Forex Inc. Common G90078109 1,210 22,636 22,636 22,636
Coors Adolph - Cl B Common 217016104 -142 -2,344 -2,344 -2,344
Russell Corp. Common 782352108 -59 -2,944 -2,944 -2,944
Rockwell International Corp. Common 773903109 50 1,601 1,601 1,601
RADIOSHACK CORP Common 750438103 -46 -977 -977 -977
Raytheon Co., CL B Common 755111408 -121 -6,291 -6,291 -6,291
IMS Health Inc. Common 449934108 34 1,869 1,869 1,869
Sears Roebuck & Co. Common 812387108 596 18,259 18,259 18,259
Safeco Common 786429100 -45 -2,239 -2,239 -2,239
SBC Communications, Inc. Common 78387G103 -202 -4,676 -4,676 -4,676
Schwab Charles Corp. Common 808513105 41 1,227 1,227 1,227
SIEBEL SYSTEMS INC Common 826170102 2,042 12,482 12,482 12,482
Sealed Air Corp. Common 81211K100 -34 -657 -657 -657
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 26 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Seagate Technologies Common 811804103 277 5,033 5,033 5,033
Scientific-Atlanta, Inc. Common 808655104 1,362 18,288 18,288 18,288
Schering-Plough Common 806605101 -91 -1,802 -1,802 -1,802
Sherwin Williams Co. Common 824348106 -54 -2,553 -2,553 -2,553
Sigma Aldrich Corp. Common 826552101 -78 -2,655 -2,655 -2,655
Schlumberger Ltd. Common 806857108 -264 -3,543 -3,543 -3,543
Sara Lee Corp. Common 803111103 115 5,980 5,980 5,980
Solectron Corp. Common 834182107 -45 -1,081 -1,081 -1,081
Springs Industries Corp. Common 851783100 2,676 83,625 83,625 83,625
Snap-On, Inc. Common 833034101 52 1,963 1,963 1,963
Synovus Financial Corp. Common 87161C105 -78 -4,400 -4,400 -4,400
Southern Co. Common 842587107 98 4,218 4,218 4,218
Southtrust Corp. Common 844730101 146 6,458 6,458 6,458
St. Paul Companies Common 792860108 100 2,929 2,929 2,929
Staples Inc. Common 855030102 29 1,855 1,855 1,855
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 27 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
S&P 500 Depository Receipt Common 78462F103 843 5,800 5,800 5,800
Sempra Energy Common 816851109 230 13,502 13,502 13,502
Banco Santander Cen-Spon ADR Common 05964H105 82 7,904 7,904 7,904
Suntrust Banks Common 867914103 3,410 74,632 74,632 74,632
ST Microelectronics NV - NY Common 861012102 48 744 744 744
Statestreet Corp. Common 857477103 125 1,178 1,178 1,178
Summit Bancorp N J Common 866005101 -141 -5,712 -5,712 -5,712
Sunoco Inc. Common 86764P109 -146 -4,946 -4,946 -4,946
Sun Microsystems, Inc. Common 866810104 5,472 60,177 60,177 60,177
Stanley Works Common 854616109 60 2,533 2,533 2,533
Safeway Inc. Common 786514208 786 17,466 17,466 17,466
Sysco, Corp. Common 871829107 2,889 68,580 68,580 68,580
A T & T Corp Common 001957109 11,511 363,978 363,978 363,978
Telefonica SA -Spon ADR Common 879382208 62 975 975 975
Tektronix, Inc. Common 879131100 -72 -970 -970 -970
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 28 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Teradyne Inc Common 880770102 2,870 39,042 39,042 39,042
Target Corp. Common 87612E106 6,859 118,252 118,252 118,252
Tenet Health Care Common 88033G100 -80 -2,978 -2,978 -2,978
Telecom Italia Spa-SP ADR Common 87927W106 52 377 377 377
Temple Inland Inc. Common 879868107 87 2,078 2,078 2,078
Timken Co. Common 887389104 910 48,843 48,843 48,843
Tellabs, Inc. Common 879664100 -71 -1,042 -1,042 -1,042
TIM SPA Common T9276A104 60 5,862 5,862 5,862
Torchmark Corp. Common 891027104 4,414 178,797 178,797 178,797
Thermo Electronic Corp. Common 883556102 -50 -2,359 -2,359 -2,359
Thomas & Betts Corp. Common 884315102 24 1,277 1,277 1,277
Tosco Corp. Common 891490302 434 15,317 15,317 15,317
Total Fina Elf S.A. Common 89151E109 92 1,196 1,196 1,196
T Rowe Price Associates Inc Common 741477103 1,666 39,195 39,195 39,195
T R W, Inc. Common 872649108 832 19,193 19,193 19,193
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 29 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Sabre Group Holdings Inc. Common 785905100 2,525 88,585 88,585 88,585
Tupperware, Corp. Common 899896104 69 3,136 3,136 3,136
Time Warner, Inc. Common 887315109 3,750 49,342 49,342 49,342
Texaco, Inc. Common 881694103 198 3,719 3,719 3,719
Texas Instruments, Inc. Common 882508104 6,828 99,413 99,413 99,413
Textron, Inc. Common 883203101 -111 -2,039 -2,039 -2,039
TXU Corporation Common 873168108 210 7,113 7,113 7,113
Tyco International, Ltd. Common 902124106 63 1,338 1,338 1,338
Unocal Corp. Common 915289102 1,444 43,592 43,592 43,592
Unicom Corp. Common 904911104 -179 -4,629 -4,629 -4,629
Unisys Corp. Common 909214108 -27 -1,859 -1,859 -1,859
Mediaone Group Inc. Common 58440J104 1,534 23,028 23,028 23,028
Unilever N.V. - New Common 904784709 -95 -2,205 -2,205 -2,205
Unitedhealth Group Inc. Common 91324P102 -30 -355 -355 -355
Unumprovident Corp. Common 91529Y106 -70 -3,508 -3,508 -3,508
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
Page 30 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Union Pacific Corp. Common 907818108 4,016 107,984 107,984 107,984
Union Planters Corp. Common 908068109 -91 -3,258 -3,258 -3,258
UPM-Kymmene Corp-S.A. Common 915436109 32 1,262 1,262 1,262
Union Pacific Resources Group Common 907834105 70 3,185 3,185 3,185
US Bancorp Common 902973106 -82 -4,284 -4,284 -4,284
U S T, Inc. Common 902911106 118 8,059 8,059 8,059
U S West, Inc. Common 91273H101 -311 -3,627 -3,627 -3,627
United Technologies Corp. Common 913017109 5,327 90,474 90,474 90,474
Visteon Corp. Common 92839U107 -6 -465 -465 -465
V F Corp. Common 918204108 -105 -4,417 -4,417 -4,417
Viacom, Inc., Class B Common 925524308 365 5,347 5,347 5,347
Vulcan Materials Co. Common 929160109 -181 -4,243 -4,243 -4,243
Seagram Co., Ltd. Common 811850106 579 9,984 9,984 9,984
Volvo A B Common 928856400 38 1,721 1,721 1,721
Volvo A B - ADR Rights Common 928856129 1 1,513 1,513 1,513
</TABLE>
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<CAPTION>
FORM 13F INFORMATION TABLE
Page 31 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Veritas Software Corp. Common 923436109 1,643 14,534 14,534 14,534
Vivendi (Ex-Gen Eaux)-SP ADR Common 92851S105 62 3,560 3,560 3,560
Westvaco Corp. Common 961548104 1,233 49,676 49,676 49,676
Walgreen Co. Common 931422109 -123 -3,820 -3,820 -3,820
Wachovia Corp. Common 929771103 -142 -2,613 -2,613 -2,613
Worldcom, Inc. Common 98157D106 7,839 170,873 170,873 170,873
Wendy's International Common 950590109 1,404 78,015 78,015 78,015
Wells Fargo & Co. (NEW) Common 949746101 79 2,047 2,047 2,047
Whirlpool Corp. Common 963320106 123 2,638 2,638 2,638
Winn Dixie Stores Inc. Common 974280109 -34 -2,377 -2,377 -2,377
Willamette Industries Inc. Common 969133107 368 13,490 13,490 13,490
Wellpoint Health Ntwk DE Common 94973H108 -83 -1,148 -1,148 -1,148
Washington Mutual Inc. Common 939322103 -218 -7,574 -7,574 -7,574
Williams Companies Common 969457100 -304 -7,300 -7,300 -7,300
WMC Limited-Spon ADR Common 928947100 28 1,541 1,541 1,541
</TABLE>
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<CAPTION>
FORM 13F INFORMATION TABLE
Page 32 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Waste Management Inc. Common 94106L109 201 10,579 10,579 10,579
Wal-Mart Stores, Inc. Common 931142103 3,989 69,216 69,216 69,216
Worthington Industries Common 981811102 -70 -6,669 -6,669 -6,669
Watson Pharmaceuticals Common 942683103 -111 -2,071 -2,071 -2,071
Wrigley Wm. Jr. Co. Common 982526105 6,859 85,539 85,539 85,539
Weyerhaeuser Co. Common 962166104 124 2,882 2,882 2,882
USX-U.S. Steel Group, Inc. Common 90337T101 76 4,120 4,120 4,120
Ford Motor Co. (Old) Common 345370100 -153 -3,553 -3,553 -3,553
G T E Corp. Common 1,563 25,113 25,113 25,113
Kansas City Southern Corp - Old Common 485170104 3,166 35,702 35,702 35,702
XILINX INC Common 983919101 -34 -417 -417 -417
Exxon Mobil Corp. Common 30231G102 9,919 126,359 126,359 126,359
Xerox Corp. Common 984121103 -59 -2,889 -2,889 -2,889
SLM Holding Corp. Common 78442A109 -242 -6,457 -6,457 -6,457
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<CAPTION>
FORM 13F INFORMATION TABLE
Page 33 of 33
Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Investment Discr Voting Authority
FAIR
NAME OF TITLE OF CUSIP MARKET QUANTITY
ISSUER CLASS NUMBER VALUE (UNITS) SOLE(A) SHARED(B) OTHER(C) MANAGERS SOLE(A)SHARED(B) OTHER(C)
-------- -------- ------ ------ -------- ----------------- ------- -------- ----------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Young & Rubicam Inc Common 987425105 1,117 19,528 19,528 19,528
--------
Total
590,218
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