<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: March 31, 1999
-----------------------
Check Here if Amendment / /; Amendment Number:
---------
This Amendment (Check only one.): / / is a restatement.
/ / adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ANALYTIC INVESTORS, INC
-------------------------------
Address: 700 SOUTH FLOWER STREET
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SUITE 2400
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LOS ANGELES, CA 90017
-------------------------------
Form 13F File Number: 28-801-07082
---------------------
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
-------------------------------
Title: CHIEF OPERATING OFFICER
-------------------------------
Phone: (213) 688-3015
-------------------------------
Signature, Place, and Date of Signing:
/s/ Marie Nastasi Arlt Los Angeles 05/09/00
- ------------------------------- ----------------- -------------
[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.]
<PAGE>
Page 1 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Alcoa, Inc. Common 013817101 163 2,323 2,323 2,323
Apple Computer, Inc. Common 037833100 2,515 18,518 18,518 18,518
Albertsons, Inc. Common 013104104 104 3,358 3,358 3,358
Abbott Laboratories Common 002824100 -243 -6,902 -6,902 -6,902
Barrick Gold, Corp. Common 067901108 -107 -6,805 -6,805 -6,805
Arch Coal Inc. Common 039380100 -13 -1,896 -1,896 -1,896
Armstrong World Industries, Inc. Common 042476101 36 2,034 2,034 2,034
Alberto Culver Co. Common 013068101 -70 -2,955 -2,955 -2,955
Adobe Systems Inc. Common 00724F101 2,083 18,711 18,711 18,711
Analog Devices Inc Common 032654105 117 1,455 1,455 1,455
Archer Daniels Midland Co. Common 039483102 -109 -10,565 -10,565 -10,565
Adaptec Inc Common 00651F108 1,418 36,711 36,711 36,711
Ameren Corp. Common 023608102 756 24,424 24,424 24,424
Aegon NV Common 007924103 73 903 903 903
American Electric Power Co. Common 025537101 -125 -4,204 -4,204 -4,204
</TABLE>
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Page 2 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A E S Corp Common 00130H105 2,961 37,596 37,596 37,596
Aetna, Inc. Common 008117103 232 4,181 4,181 4,181
AFLAC INC Common 001055102 -127 -2,792 -2,792 -2,792
Associates First Capital Common 046008108 -40 -1,879 -1,879 -1,879
American General Corp. Common 026351106 233 4,160 4,160 4,160
Allergan Inc. Common 018490102 2,828 56,568 56,568 56,568
Amerada Hess Corp. Common 023551104 224 3,462 3,462 3,462
American Home Products Corp. Common 026609107 -209 -3,886 -3,886 -3,886
American International Group, Inc Common 026874107 8,168 74,592 74,592 74,592
Alcan Aluminum Common 013716105 119 3,481 3,481 3,481
Alcatel SA - Spon ADR Common 013904305 43 980 980 980
Allstate, Corp. Common 020002101 -331 -13,894 -13,894 -13,894
American Greetings Corp. Common 026375105 -131 -7,181 -7,181 -7,181
Applied Materials Common 038222105 -46 -488 -488 -488
Advanced Micro Devices Common 007903107 -85 -1,497 -1,497 -1,497
</TABLE>
<PAGE>
Page 3 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Amgen, Inc. Common 031162100 3,595 58,578 58,578 58,578
A M R Corp. Common 001765106 -110 -3,453 -3,453 -3,453
A O N Corp. Common 037389103 -108 -3,336 -3,336 -3,336
America Online Inc. Common 02364J104 3,584 53,148 53,148 53,148
Apache Corp Common 037411105 -102 -2,045 -2,045 -2,045
Anadarko Petroleum Corp Common 032511107 -171 -4,418 -4,418 -4,418
Air Products & Chemicals Common 009158106 47 1,659 1,659 1,659
Atlantic Richfield Co. Common 048825103 3,693 43,449 43,449 43,449
Ashland Oil Common 044204105 -256 -7,706 -7,706 -7,706
AmSouth Bancorp Common 032165102 -83 -5,557 -5,557 -5,557
AllTel Corp. Common 020039103 -78 -1,226 -1,226 -1,226
Allegheny Technologies Inc. Common 01741R102 -47 -2,329 -2,329 -2,329
Automatic Data Products Common 053015103 -151 -3,135 -3,135 -3,135
Aventis -Spon ADR Common 053561106 62 1,155 1,155 1,155
Avon Products, Inc. Common 054303102 -60 -2,035 -2,035 -2,035
</TABLE>
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Page 4 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Avery Dennison Corp. Common 053611109 -122 -1,990 -1,990 -1,990
American Express Co. Common 025816109 4,822 32,378 32,378 32,378
Alza Corp Common 022615108 -66 -1,768 -1,768 -1,768
Boeing Co. Common 097023105 4,105 108,567 108,567 108,567
Bank of America Corp. Common 060505104 -266 -5,078 -5,078 -5,078
Baxter International, Inc. Common 071813109 191 3,053 3,053 3,053
BB&T Corporation Common 054937107 -120 -4,285 -4,285 -4,285
BANCO BILBAO VIZCAYA - SP ADR Common 05946K101 1 1 1
Best Buy Co., Inc. Common 086516101 85 983 983 983
Brunswick Corp. Common 117043109 1,439 75,984 75,984 75,984
Boise Cascade Corp Common 097383103 -71 -2,034 -2,034 -2,034
Bard C R, Inc. Common 067383109 78 2,016 2,016 2,016
Black & Decker Manufacturing Common 091797100 -93 -2,467 -2,467 -2,467
Becton Dickinson & Co. Common 075887109 -133 -5,049 -5,049 -5,049
Bell Atlantic Corp. Common 077853109 2,248 36,784 36,784 36,784
</TABLE>
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Page 5 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Franklin Resources Inc. Common 354613101 157 4,685 4,685 4,685
Brown Forman Corp. Class B Common 115637209 131 2,413 2,413 2,413
Bestfoods Common 08658U101 158 3,377 3,377 3,377
Biogen Inc. Common 090597105 1,391 19,900 19,900 19,900
Briggs & Stratton Common 109043109 88 2,147 2,147 2,147
Bank of New York, Inc. Common 064057102 -235 -5,653 -5,653 -5,653
Ball Corp. Common 058498106 -115 -3,313 -3,313 -3,313
Bellsouth Corp. Common 079860102 4,583 97,775 97,775 97,775
Biomet Inc. Common 090613100 81 2,226 2,226 2,226
Bemis Co, Inc. Common 081437105 -53 -1,446 -1,446 -1,446
Bristol Myers Squibb Co. Common 110122108 3,955 68,192 68,192 68,192
Burlington Northern Santa Fe Common 12189T104 116 5,096 5,096 5,096
Bausch & Lomb, Inc. Common 071707103 40 764 764 764
Burlington Resources Common 122014103 -142 -3,832 -3,832 -3,832
Bethlehem Steel Corp. Common 087509105 -40 -6,650 -6,650 -6,650
</TABLE>
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Page 6 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bear Stearns Cos Inc Common 073902108 114 2,499 2,499 2,499
Boston Scientific Corp. Common 101137107 87 4,096 4,096 4,096
Anheuser-Busch Companies, Inc. Common 035229103 1,083 17,400 17,400 17,400
Citigroup Inc Common 172967101 6,344 105,961 105,961 105,961
Computer Associates International Common 204912109 2,478 41,863 41,863 41,863
Conagra, Inc. Common 205887102 181 9,969 9,969 9,969
Cardinal Health Inc. Common 14149Y108 65 1,421 1,421 1,421
Caterpillar, Inc. Common 149123101 -129 -3,271 -3,271 -3,271
Chubb Corp. Common 171232101 -220 -3,258 -3,258 -3,258
Cooper Industries Common 216669101 -123 -3,527 -3,527 -3,527
CBS Corp. Common 12490K107 1,049 18,528 18,528 18,528
Circuit City Strs-C C Grp Common 172737108 65 1,062 1,062 1,062
Coca Cola Enterprises, Inc. Common 191219104 -67 -3,107 -3,107 -3,107
Crown Cork & Seal, Inc. Common 228255105 -44 -2,757 -2,757 -2,757
Carnival Corp. Common 143658102 49 1,970 1,970 1,970
</TABLE>
<PAGE>
Page 7 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Countrywide Credit Inds. Inc. Common 222372104 -87 -3,180 -3,180 -3,180
Clear Channel Comm Inc. Common 184502102 104 1,510 1,510 1,510
Constellation Energy Group Common 210371100 243 7,631 7,631 7,631
Columbia Energy Group Common 197648108 363 6,135 6,135 6,135
Coastal Corp. Common 190441105 112 2,429 2,429 2,429
Champion International Corp. Common 158525105 259 4,855 4,855 4,855
China Telecom HK Ltd-Sp ADR Common 169428109 29 161 161 161
Chevron Corp. Common 166751107 6,058 65,537 65,537 65,537
Cigna Corp. Common 125509109 130 1,722 1,722 1,722
Cinergy Corp. Common 172474108 116 5,390 5,390 5,390
Cincinnati Financial Corp. Common 172062101 1,698 45,137 45,137 45,137
Colgate-Palmolive Co. Common 194162103 -109 -1,934 -1,934 -1,934
Clorox Co. Common 189054109 -120 -3,627 -3,627 -3,627
Comerica, Inc. Common 200340107 -104 -2,476 -2,476 -2,476
Chase Manhattan Corp. Common 16161A108 -165 -1,898 -1,898 -1,898
</TABLE>
<PAGE>
Page 8 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Comcast Corp.- Special Cl A Common 200300200 2,887 66,560 66,560 66,560
C M S Energy Corp. Common 125896100 -381 -21,044 -21,044 -21,044
Comverse Technology, Inc. Common 205862402 56 297 297 297
Conseco, Inc. Common 208464107 -31 -2,749 -2,749 -2,749
Conexant Systems Inc. Common 207142100 1,246 17,545 17,545 17,545
CONOCO INC Common 208251405 1,096 42,769 42,769 42,769
Capital One Financial Corp. Common 14040H105 -47 -977 -977 -977
Columbia HCA/Healthcare Corp. Common 197677107 115 4,540 4,540 4,540
3 Com, Inc. Common 885535104 22 392 392 392
Costco Wholesale Corp. Common 22160K105 -293 -5,582 -5,582 -5,582
Campbell Soup Co. Common 134429109 -82 -2,658 -2,658 -2,658
Carolina Power & Light Common 144141108 -134 -4,138 -4,138 -4,138
Compaq Computer Corp. Common 204493100 -73 -2,693 -2,693 -2,693
Crane Corp. Common 224399105 -74 -3,122 -3,122 -3,122
Cabletron Systems Inc Common 126920107 1,144 38,958 38,958 38,958
</TABLE>
<PAGE>
Page 9 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Computer Sciences Corp Common 205363104 68 864 864 864
Cisco Systems, Inc. Common 17275R102 15,393 199,096 199,096 199,096
Credit Suisse Group-SP ADR Common 225401108 53 1,084 1,084 1,084
Central & Southwest Corp. Common 152357109 84 4,887 4,887 4,887
C. S. X. Corp. Common 126408103 -141 -5,996 -5,996 -5,996
CenturyTel Inc. Common 156700106 -60 -1,622 -1,622 -1,622
Centex Corp. Common 152312104 42 1,749 1,749 1,749
Cummins Engine, Inc. Common 231021106 83 2,206 2,206 2,206
CVS Corp. Common 126650100 -77 -2,045 -2,045 -2,045
Dominion Resources, Inc. Common 25746U109 1,701 44,250 44,250 44,250
Delta Air Lines, Inc. Common 247361108 164 3,076 3,076 3,076
Dana Corp. Common 235811106 -83 -2,949 -2,949 -2,949
Daimlerchrysler AG Common D1668R123 69 1,053 1,053 1,053
Du Pont (E. I.) De Nemours Co. Common 263534109 196 3,695 3,695 3,695
Deere & Co. Common 244199105 62 1,631 1,631 1,631
</TABLE>
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Page 10 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dell Computer Corp. Common 247025109 -97 -1,796 -1,796 -1,796
Danaher Corp. Common 235851102 -88 -1,717 -1,717 -1,717
Disney Walt Co. Com Stk Common 254687106 -357 -8,653 -8,653 -8,653
Dow Jones & Co. Common 260561105 142 1,973 1,973 1,973
Deluxe Corp. Common 248019101 151 5,701 5,701 5,701
Dun & Bradstreet Common 26483B106 -67 -2,356 -2,356 -2,356
Donnelley R R & Sons Co Common 257867101 -86 -4,114 -4,114 -4,114
Dover Corp. Common 260003108 113 2,358 2,358 2,358
Dow Chemical Co. Common 260543103 -156 -1,367 -1,367 -1,367
Delphi Automotive Systems Common 247126105 145 9,061 9,061 9,061
Darden Restaurants, Inc. Common 237194105 89 5,020 5,020 5,020
DTE Energy Co. Common 233331107 -85 -2,900 -2,900 -2,900
Duke Energy Corp. Common 264399106 336 6,397 6,397 6,397
Engelhard Corp. Common 292845104 50 3,298 3,298 3,298
Ecolab Inc. Common 278865100 -148 -4,024 -4,024 -4,024
</TABLE>
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Page 11 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Consolidated Edison Inc. Common 209115104 -193 -6,631 -6,631 -6,631
Electronic Data System Corp. Common 285661104 1,747 27,221 27,221 27,221
Eastern Enterprises Common 27637F100 106 1,772 1,772 1,772
Equifax Inc. Common 294429105 54 2,119 2,119 2,119
Edison International Common 281020107 -49 -2,937 -2,937 -2,937
Eastman Kodak Co. Common 277461109 222 4,082 4,082 4,082
EMC Corp. Common 268648102 5,108 40,540 40,540 40,540
Eastman Chemical Co. Common 277432100 -66 -1,443 -1,443 -1,443
Emerson Electric Co. Common 291011104 -102 -1,925 -1,925 -1,925
Enron Corp. Common 293561106 -96 -1,287 -1,287 -1,287
El Paso Energy Corp. Common 283905107 -149 -3,679 -3,679 -3,679
Ericsson (LM) Tel-SP ADR Common 294821400 116 1,234 1,234 1,234
Eaton Corp. Common 278058102 -139 -1,778 -1,778 -1,778
Entergy Corp. Common 29364G103 193 9,562 9,562 9,562
Ford Motor Co. Common 345370100 2,704 58,854 58,854 58,854
</TABLE>
<PAGE>
Page 12 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Fleet Boston Financial Corp. Common 339030108 807 22,106 22,106 22,106
Freeport McMoran Copper and Gold Common 35671D857 1,088 90,226 90,226 90,226
Federated Department Stores Common 31410H101 -49 -1,163 -1,163 -1,163
First Data Corp. Common 319963104 3,324 74,898 74,898 74,898
Fed Ex Corp. Common 31428X106 45 1,156 1,156 1,156
Firstenergy Corp. Common 337932107 127 6,170 6,170 6,170
Fifth Third Bancorp Common 316773100 -188 -2,989 -2,989 -2,989
Fort James Corp. Common 347471104 -50 -2,267 -2,267 -2,267
Flour Corp. Common 343861100 -54 -1,753 -1,753 -1,753
F. M. C. Corp. Common 302491303 50 880 880 880
Federal National Mortgage Associa Common 313586109 259 4,572 4,572 4,572
Fortune Brands, Inc. Common 349631101 145 5,802 5,802 5,802
Sprint, Corp Common 852061100 1,332 21,061 21,061 21,061
Florida Progress Corp. Common 341109106 4,054 88,381 88,381 88,381
F P L Group, Inc. Common 302571104 229 4,978 4,978 4,978
</TABLE>
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Page 13 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Freddie Mac Common 313400301 -210 -4,746 -4,746 -4,746
Firstar Corp. Common 33763V109 -186 -8,098 -8,098 -8,098
France Telecom SA-SP ADR Common 35177Q105 105 594 594 594
First Union Corp. Common 337358105 -264 -7,087 -7,087 -7,087
Gillette Co. Common 375766102 154 4,081 4,081 4,081
Great Atlantic & Pacific Tea Co. Common 390064103 18 917 917 917
Nicor, Inc. Common 654086107 -188 -5,701 -5,701 -5,701
Global Crossing Ltd. Common G3921A100 730 17,838 17,838 17,838
Gannett, Inc. Common 364730101 -380 -5,393 -5,393 -5,393
General Dynamics Corp. Common 369550108 -179 -3,599 -3,599 -3,599
Guidant Corp Common 401698105 -117 -1,985 -1,985 -1,985
Golden West Financial Common 381317106 767 24,579 24,579 24,579
General Electric Co. Common 369604103 15,987 102,730 102,730 102,730
General Mills, Inc. Common 370334104 -140 -3,877 -3,877 -3,877
Great Lakes Chemical Corp. Common 390568103 88 2,597 2,597 2,597
</TABLE>
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Page 14 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Corning, Inc. Common 219350105 4,019 20,716 20,716 20,716
General Motors Corp. Common 370442105 4,498 54,313 54,313 54,313
Georgia-Pacific Corp. Common 373298108 -72 -1,813 -1,813 -1,813
Genuine Parts Co. Common 372460105 -178 -7,451 -7,451 -7,451
Gap, Inc. Common 364760108 -82 -1,647 -1,647 -1,647
GPU Inc. Common 36225X100 -357 -13,048 -13,048 -13,048
Goodrich B F Co. Common 382388106 -143 -4,985 -4,985 -4,985
Grace W R & Co. New Common 38388F108 67 5,201 5,201 5,201
Goodyear Tire & Rubber Co. Common 382550101 -53 -2,273 -2,273 -2,273
G T E Corp. Common 362320103 1,656 23,321 23,321 23,321
Grainger W W, Inc. Common 384802104 -215 -3,972 -3,972 -3,972
Harcourt General Inc. Common 41163G101 65 1,758 1,758 1,758
Halliburton Co. Common 406216101 -187 -4,537 -4,537 -4,537
Hasbro Common 418056107 -41 -2,440 -2,440 -2,440
Huntington Bancshares Inc. Common 446150104 -137 -6,111 -6,111 -6,111
</TABLE>
<PAGE>
Page 15 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HSBC Holdings PLC-SP ADR Common 404280406 34 566 566 566
Manor Care Inc. Common 564055101 -104 -7,735 -7,735 -7,735
Home Depot, Inc. Common 437076102 6,967 108,012 108,012 108,012
Harley Davidson Inc. Wis Common 412822108 1,546 19,474 19,474 19,474
Harrahs Ent Inc. Common 413619107 84 4,535 4,535 4,535
Household International Common 441815107 -108 -2,901 -2,901 -2,901
Hartford Financial Svcs Group Common 416515104 168 3,190 3,190 3,190
Homestake Mining Common 437614100 35 5,890 5,890 5,890
Heinz (H.J.) Co. Common 423074103 203 5,835 5,835 5,835
Honeywell International Inc. (New Common 438516106 4,462 84,682 84,682 84,682
Block H & R Inc Common 093671105 317 7,078 7,078 7,078
Hershey Foods Corp. Common 427866108 -84 -1,724 -1,724 -1,724
Humana, Inc. Common 444859102 -39 -5,321 -5,321 -5,321
Hewlett-Packard Co. Common 428236103 5,127 38,582 38,582 38,582
International Business Machines C Common 459200101 604 5,117 5,117 5,117
</TABLE>
<PAGE>
Page 16 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
International Flavors & Fragrance Common 459506101 133 3,798 3,798 3,798
ITT Industries Common 450911102 -252 -8,114 -8,114 -8,114
San Paolo-IMI SPA - SP ADR Common 799175104 56 1,961 1,961 1,961
Intel Corp. Common 458140100 5,725 43,395 43,395 43,395
International Paper Co. Common 460146103 -115 -2,688 -2,688 -2,688
Interpublic Group Companies Common 460690100 -85 -1,806 -1,806 -1,806
Ingersoll Rand Co. Common 456866102 83 1,868 1,868 1,868
Illinois Tool Works Common 452308109 191 3,460 3,460 3,460
Johnson Controls, Inc. Common 478366107 -185 -3,425 -3,425 -3,425
J.C. Penney Co. Common 708160106 -39 -2,623 -2,623 -2,623
Johnson & Johnson Common 478160104 5,568 79,254 79,254 79,254
Jefferson Pilot Corp. Common 475070108 83 1,249 1,249 1,249
J.P. Morgan & Co. Common 616880100 1,429 10,849 10,849 10,849
Nordstrom, Inc. Common 655664100 -136 -4,616 -4,616 -4,616
Kellogg Co. Common 487836108 183 7,124 7,124 7,124
</TABLE>
<PAGE>
Page 17 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Kaufman & Broad Home Common 486168107 99 4,629 4,629 4,629
Keycorp Common 493267108 -92 -4,850 -4,850 -4,850
K L A Tencor Corp Common 482480100 94 1,116 1,116 1,116
Kimberly Clark Corp. Common 494368103 -210 -3,743 -3,743 -3,743
Kerr-McGee Corp. Common 492386107 104 1,799 1,799 1,799
Coca-Cola Co. Common 191216100 6,214 132,385 132,385 132,385
Koninklijke KPN NV - SP ADR Common 780641205 36 312 312 312
MBNA Corp. Common 55262L100 93 3,641 3,641 3,641
Knight-Ridder, Inc. Common 499040103 -117 -2,289 -2,289 -2,289
Kohl's Corp. Common 500255104 122 1,193 1,193 1,193
Kansas City Southern Corp Common 485170104 717 8,345 8,345 8,345
Longs Drug Stores Common 543162101 -75 -3,308 -3,308 -3,308
Leggett & Platt Inc Common 524660107 84 3,885 3,885 3,885
Lehman Brothers Holding, Inc. Common 524908100 103 1,061 1,061 1,061
Liz Claiborne Common 539320101 112 2,451 2,451 2,451
</TABLE>
<PAGE>
Page 18 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Lilly Eli & Co. Common 532457108 -146 -2,331 -2,331 -2,331
Lockheed Martin Corp. Common 539830109 -81 -3,952 -3,952 -3,952
Lincoln National Corp. Common 534187109 83 2,474 2,474 2,474
Lowe's Companies, Inc. Common 548661107 -53 -907 -907 -907
L S I Logic Corp. Common 502161102 2,194 30,214 30,214 30,214
Limited, Inc. Common 532716107 3,685 87,467 87,467 87,467
Loews Corp. Common 540424108 1,203 24,053 24,053 24,053
Lucent Technologies, Inc. Common 549463107 980 16,005 16,005 16,005
Southwest Airlines Co. Common 844741108 126 6,055 6,055 6,055
LVMH -ADR Common 502441207 51 600 600 600
Lexmark Intl Group Inc. Common 529771107 204 1,928 1,928 1,928
Marriott Intl Inc. Cl.A Common 571903202 146 4,650 4,650 4,650
May Department Stores Common 577778103 130 4,577 4,577 4,577
M B I A INC Common 55262C100 -178 -3,410 -3,410 -3,410
McDonald's Corp. Common 580135101 -136 -3,635 -3,635 -3,635
</TABLE>
<PAGE>
Page 19 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
McKesson HBOC Inc. Common 58155Q103 -69 -3,304 -3,304 -3,304
Meredith Corp. Common 589433101 -148 -5,362 -5,362 -5,362
Medtronic, Inc. Common 585055106 -205 -3,977 -3,977 -3,977
Mead Corp Common 582834107 -72 -2,068 -2,068 -2,068
Mellon Financial Corp. Common 58551A108 -193 -6,503 -6,503 -6,503
Merrill Lynch & Co. Common 590188108 -266 -2,536 -2,536 -2,536
McGraw-Hill, Inc. Common 580645109 -182 -4,001 -4,001 -4,001
Millipore Corp Common 601073109 -55 -978 -978 -978
Mirage Resorts Inc Common 60462E104 -73 -3,780 -3,780 -3,780
Mallinckrodt Group, Inc. Common 561232109 1,902 66,155 66,155 66,155
Marsh Mclennan Co. Common 571748102 5,384 48,807 48,807 48,807
Minnesota Mining & Manufacturing Common 604059105 4,425 49,967 49,967 49,967
Philip Morris Companies, Inc. Common 718154107 107 5,078 5,078 5,078
Molex Inc Common 608554101 90 1,537 1,537 1,537
Motorola, Inc. Common 620076109 162 1,107 1,107 1,107
</TABLE>
<PAGE>
Page 20 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Merck & Co. Common 589331107 3,797 61,121 61,121 61,121
USX-Marathon Group, Inc. Common 902905827 217 8,336 8,336 8,336
Microsoft Corp. Common 594918104 14,077 132,491 132,491 132,491
M G I C Invt Corp Wis Common 552848103 3,003 68,846 68,846 68,846
Micron Technology, Inc. Common 595112103 -78 -618 -618 -618
Morgan Stanley Dean Witter & Co. Common 617446448 -276 -3,331 -3,331 -3,331
Maytag Co. Common 578592107 -82 -2,478 -2,478 -2,478
INCO, Ltd. Common 453258402 1,923 104,634 104,634 104,634
National Australia BK-Sp ADR Common 632525408 51 788 788 788
Navistar Intl. Common 63934E108 379 9,454 9,454 9,454
Nacco Industries Common 629579103 -46 -965 -965 -965
National City Corp. Common 635405103 -133 -6,454 -6,454 -6,454
New Century Energies Inc. Common 64352U103 -195 -6,498 -6,498 -6,498
NCR CORP Common 62886E108 -51 -1,275 -1,275 -1,275
Newmont Mining Common 651639106 45 2,015 2,015 2,015
</TABLE>
<PAGE>
Page 21 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Niagara Mohawk Holdings Inc. Common 653520106 -159 -11,775 -11,775 -11,775
Northrop Grumman Corp. Common 666807102 -194 -3,657 -3,657 -3,657
Nokia Corp -SP ADR Common 654902204 174 800 800 800
Norfolk Southern Common 655844108 81 5,686 5,686 5,686
National Service Inds Inc. Common 637657107 44 2,075 2,075 2,075
National Semiconductor, Inc. Common 637640103 1,217 20,036 20,036 20,036
Northern States Power Common 665772109 -268 -13,507 -13,507 -13,507
Nestle SA-SP ADR Common 641069406 96 1,080 1,080 1,080
Nortel Networks Corp. Common 656568102 6,577 52,143 52,143 52,143
Network Appliance Corp. Common 64120L104 1,762 21,290 21,290 21,290
Northern Trust Corp. Common 665859104 180 2,664 2,664 2,664
Nucor Corp. Common 670346105 -79 -1,578 -1,578 -1,578
Novartis AG-ADR Common 66987V109 102 1,540 1,540 1,540
Newell Rubbermaid Inc. Common 651229106 60 2,411 2,411 2,411
News Corp Ltd. Common 652487703 51 910 910 910
</TABLE>
<PAGE>
Page 22 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Nextel Comm Inc. Common 65332V103 2,665 17,979 17,979 17,979
New York Times, Co. Class A Common 650111107 -125 -2,902 -2,902 -2,902
Telecom New Zealand - Sp ADR Common 879278208 55 1,495 1,495 1,495
Quaker Oats Co. Common 747402105 -284 -4,686 -4,686 -4,686
Owens-Illinois, Inc. Common 690768403 -65 -3,866 -3,866 -3,866
Old Kent Financial Corp Common 679833103 108 3,364 3,364 3,364
Oneok Inc. Common 682680103 154 6,157 6,157 6,157
Omnicom Group, Inc. Common 681919106 -117 -1,246 -1,246 -1,246
Banc One Corp. Common 06423A103 -394 -11,460 -11,460 -11,460
Oracle Systems Common 68389X105 7,232 92,641 92,641 92,641
Occidental Petroleum Corp. Common 674599105 1,374 66,224 66,224 66,224
Phillips Petroleum Co. Common 718507106 -94 -2,029 -2,029 -2,029
Paychex Inc. Common 704326107 -130 -2,478 -2,478 -2,478
Pitney Bowes Common 724479100 -152 -3,408 -3,408 -3,408
Paccar, Inc. Common 693718108 2,103 42,058 42,058 42,058
</TABLE>
<PAGE>
Page 23 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
P G & E Corporation Common 69331C108 -219 -10,439 -10,439 -10,439
Potlatch Corp. Common 737628107 111 2,592 2,592 2,592
Sprint Corp (PCS Group) Common 852061506 1,398 21,338 21,338 21,338
Phelps Dodge Corp. Common 717265102 93 1,970 1,970 1,970
Placer Dome Inc. Common 725906101 32 3,895 3,895 3,895
Peco Energy, Corp. Common 693304107 -278 -7,539 -7,539 -7,539
PE Corp - PE Biosystems Group Common 69332S102 168 1,740 1,740 1,740
Public Service Enterprise Group, Common 744573106 221 7,450 7,450 7,450
Pepsico, Inc. Common 713448108 2,588 74,207 74,207 74,207
Pfizer, Inc. Common 717081103 3,363 91,967 91,967 91,967
Procter & Gamble Co. Common 742718109 -190 -3,366 -3,366 -3,366
Peoples Energy Corp. Common 711030106 121 4,403 4,403 4,403
Progressive Corp Common 743315103 -77 -1,011 -1,011 -1,011
Parker Hannifin Corp. Common 701094104 137 3,322 3,322 3,322
Philips Electronics - NY SHR Common 500472204 59 342 342 342
</TABLE>
<PAGE>
Page 24 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Pulte Corp. Common 745867101 96 4,605 4,605 4,605
Perkinelmer Inc. Common 714046109 93 1,394 1,394 1,394
Pall Corp. Common 696429307 -45 -1,997 -1,997 -1,997
P N C Bank Corp. Common 693475105 219 4,858 4,858 4,858
Pharmacia and Upjohn Co. Common 716941109 753 12,654 12,654 12,654
Pinnacle West Capital Common 723484101 -189 -6,696 -6,696 -6,696
P P G Industries, Inc. Common 693506107 -178 -3,406 -3,406 -3,406
PPL Corporation Common 69351T106 -124 -5,940 -5,940 -5,940
Peoplesoft, Inc. Common 712713106 -43 -2,167 -2,167 -2,167
Pactiv Corporation Common 695257105 51 5,927 5,927 5,927
Providian Financial Corp. Common 74406A102 -51 -584 -584 -584
Paine Webber Group Inc. Common 695629105 -140 -3,191 -3,191 -3,191
Praxair, Inc. Common 74005P104 -67 -1,607 -1,607 -1,607
Qualcomm Inc. Common 747525103 4,205 28,164 28,164 28,164
Quintiles TransNatl Corp Common 748767100 -24 -1,403 -1,403 -1,403
</TABLE>
<PAGE>
Page 25 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ryder System, Inc. Common 783549108 -89 -3,938 -3,938 -3,938
Ralston-Ralston Purina Group Common 751277302 -245 -8,915 -8,915 -8,915
Royal Dutch Petroleum Co. Common 780257804 -161 -2,792 -2,792 -2,792
Rowan Companies Common 779382100 2,306 78,336 78,336 78,336
Reliant Energy Inc. Common 75952J108 -179 -7,583 -7,583 -7,583
Regions Financial Corp. Common 758940100 -162 -7,106 -7,106 -7,106
Transocean Sedco Forex Inc. Common G90078109 -60 -1,176 -1,176 -1,176
Coors Adolph - Cl B Common 217016104 -136 -2,828 -2,828 -2,828
Rohm & Haas Co. Common 775371107 -95 -2,134 -2,134 -2,134
ROCHE HOLDINGS LTD-SPONS ADR Common 771195104 99 900 900 900
Rockwell International Corp. Common 773903109 129 3,078 3,078 3,078
Raytheon Co., CL B Common 755111408 58 3,252 3,252 3,252
Sears Roebuck & Co. Common 812387108 119 3,883 3,883 3,883
Safeco Common 786429100 -214 -8,042 -8,042 -8,042
SBC Communications, Inc. Common 78387G103 697 16,550 16,550 16,550
</TABLE>
<PAGE>
Page 26 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Schwab Charles Corp. Common 808513105 2,066 36,358 36,358 36,358
Sealed Air Corp. Common 81211K100 78 1,444 1,444 1,444
Seagate Technologies Common 811804103 -86 -1,397 -1,397 -1,397
Schering-Plough Common 806605101 -124 -3,342 -3,342 -3,342
Sherwin Williams Co. Common 824348106 -49 -2,229 -2,229 -2,229
Sigma Aldrich Corp. Common 826552101 51 1,899 1,899 1,899
Schlumberger Ltd. Common 806857108 -225 -2,938 -2,938 -2,938
SLM Holding Corp. Common 78442A109 322 9,655 9,655 9,655
Solectron Corp. Common 834182107 52 1,288 1,288 1,288
Springs Industries Corp. Common 851783100 2,288 60,206 60,206 60,206
Shared Medical Systems, Corp. Common 819486101 -55 -1,054 -1,054 -1,054
Snap-On, Inc. Common 833034101 83 3,159 3,159 3,159
Synovus Financial Corp. Common 87161C105 -83 -4,400 -4,400 -4,400
Southern Co. Common 842587107 -83 -3,819 -3,819 -3,819
Southtrust Corp. Common 844730101 132 5,198 5,198 5,198
</TABLE>
<PAGE>
Page 27 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
St. Paul Companies Common 792860108 182 5,321 5,321 5,321
Staples Inc. Common 855030102 -54 -2,720 -2,720 -2,720
S&P 500 Depository Receipt Common 78462F103 820 5,450 5,450 5,450
Sempra Energy Common 816851109 -68 -4,084 -4,084 -4,084
Banco Santander Cen-Spon ADR Common 05964H105 55 5,153 5,153 5,153
Suntrust Banks Common 867914103 268 4,647 4,647 4,647
ST Microelectronics NV - NY Common 861012102 46 248 248 248
Statestreet Corp. Common 857477103 -167 -1,727 -1,727 -1,727
Summit Bancorp N J Common 866005101 151 5,749 5,749 5,749
Sunoco Inc. Common 86764P109 -75 -2,745 -2,745 -2,745
Sun Microsystems, Inc. Common 866810104 5,340 56,987 56,987 56,987
SuperValu Stores Common 868536103 -125 -6,589 -6,589 -6,589
Stanley Works Common 854616109 86 3,259 3,259 3,259
Safeway Inc. Common 786514208 -88 -1,953 -1,953 -1,953
Sysco, Corp. Common 871829107 105 2,913 2,913 2,913
</TABLE>
<PAGE>
Page 28 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A T & T Corp Common 001957109 -83 -1,475 -1,475 -1,475
Tandy Corp. Common 875382103 1,254 24,716 24,716 24,716
TELEFONICA SA -SPON ADR Common 879382208 71 950 950 950
Tektronix, Inc. Common 879131100 -64 -1,151 -1,151 -1,151
Target Corp. Common 87612E106 -253 -3,390 -3,390 -3,390
Tenet Health Care Common 88033G100 61 2,663 2,663 2,663
TELECOM ITALIA SPA-SP ADR Common 87927W106 55 364 364 364
Temple Inland Inc. Common 879868107 -71 -1,430 -1,430 -1,430
TJX Companies Inc Common 872540109 -51 -2,292 -2,292 -2,292
Tellabs, Inc. Common 879664100 -83 -1,312 -1,312 -1,312
TIM SPA Common T9276A104 71 5,862 5,862 5,862
Times Mirror Class A Common 887364107 178 1,912 1,912 1,912
Torchmark Corp. Common 891027104 -43 -1,855 -1,855 -1,855
Thermo Electronic Corp. Common 883556102 115 5,620 5,620 5,620
Thomas & Betts Corp. Common 884315102 -79 -2,787 -2,787 -2,787
</TABLE>
<PAGE>
Page 29 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Tosco Corp. Common 891490302 -164 -5,369 -5,369 -5,369
Total Fina S.A. Common 89151E109 64 868 868 868
Tribune Co. Common 896047107 -94 -2,579 -2,579 -2,579
T Rowe Price Associates Inc Common 741477103 907 22,974 22,974 22,974
T R W, Inc. Common 872649108 113 1,932 1,932 1,932
Sabre Group Holdings Inc. Common 785905100 -91 -2,495 -2,495 -2,495
Tupperware, Corp. Common 899896104 -54 -3,442 -3,442 -3,442
Time Warner, Inc. Common 887315109 3,062 30,623 30,623 30,623
Texaco, Inc. Common 881694103 4,747 88,310 88,310 88,310
Texas Instruments, Inc. Common 882508104 2,641 16,509 16,509 16,509
Textron, Inc. Common 883203101 -141 -2,321 -2,321 -2,321
Texas Utilities Co. Common 882848104 259 8,732 8,732 8,732
Tyco International, Ltd. Common 902124106 2,399 47,865 47,865 47,865
U S Air Group Common 911905107 -117 -4,204 -4,204 -4,204
Unocal Corp. Common 915289102 -157 -5,284 -5,284 -5,284
</TABLE>
<PAGE>
Page 30 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Unicom Corp. Common 904911104 -101 -2,771 -2,771 -2,771
Unisys Corp. Common 909214108 -59 -2,292 -2,292 -2,292
Union Carbide Corp. Common 905581104 47 804 804 804
Mediaone Group Inc. Common 58440J104 1,193 14,734 14,734 14,734
Unilever N.V. - New Common 904784709 -79 -1,644 -1,644 -1,644
Unitedhealth Group Inc. Common 91324P102 133 2,236 2,236 2,236
Unumprovident Corp. Common 91529Y106 -93 -5,506 -5,506 -5,506
Union Pacific Corp. Common 907818108 98 2,497 2,497 2,497
Union Planters Corp. Common 908068109 -89 -2,888 -2,888 -2,888
UPM-Kymmene Corp-S.A. Common 915436109 31 1,123 1,123 1,123
US Bancorp Common 902973106 -94 -4,284 -4,284 -4,284
U S T, Inc. Common 902911106 -61 -3,927 -3,927 -3,927
U S West, Inc. Common 91273H101 871 11,988 11,988 11,988
United Technologies Corp. Common 913017109 -182 -2,887 -2,887 -2,887
V F Corp. Common 918204108 -59 -2,436 -2,436 -2,436
</TABLE>
<PAGE>
Page 31 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Viacom, Inc., Class B Common 925524308 884 16,760 16,760 16,760
Vulcan Materials Co. Common 929160109 117 2,556 2,556 2,556
Seagram Co., Ltd. Common 811850106 146 2,446 2,446 2,446
Volvo A B Common 928856400 41 1,513 1,513 1,513
VIVENDI (EX-GEN EAUX)-SP ADR Common 92851S105 74 3,305 3,305 3,305
Westvaco Corp. Common 961548104 104 3,109 3,109 3,109
Walgreen Co. Common 931422109 -74 -2,866 -2,866 -2,866
Wachovia Corp. Common 929771103 -187 -2,775 -2,775 -2,775
MCI Worldcom, Inc. Common 55268B106 3,088 68,155 68,155 68,155
Wendy's International Common 950590109 65 3,207 3,207 3,207
Wells Fargo & Co. (NEW) Common 949746101 291 7,141 7,141 7,141
Whirlpool Corp. Common 963320106 191 3,266 3,266 3,266
Winn Dixie Stores Inc. Common 974280109 66 3,396 3,396 3,396
Warner-Lambert Co. Common 934488107 1,992 20,388 20,388 20,388
Willamette Industries Inc. Common 969133107 129 3,213 3,213 3,213
</TABLE>
<PAGE>
Page 32 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Washington Mutual Inc. Common 939322103 -209 -7,871 -7,871 -7,871
Williams Companies Common 969457100 -251 -5,717 -5,717 -5,717
WMC LIMITED-SPONSORED ADR Common 928947100 24 1,541 1,541 1,541
Waste Management Inc. Common 94106L109 39 2,852 2,852 2,852
Wal-Mart Stores, Inc. Common 931142103 4,957 87,743 87,743 87,743
Worthington Industries Common 981811102 -34 -2,712 -2,712 -2,712
Watson Pharmaceuticals Common 942683103 -88 -2,217 -2,217 -2,217
Wrigley Wm. Jr. Co. Common 982526105 4,491 58,468 58,468 58,468
Weyerhaeuser Co. Common 962166104 -113 -1,982 -1,982 -1,982
USX-U.S. Steel Group, Inc. Common 90337T101 -45 -1,804 -1,804 -1,804
XILINX INC Common 983919101 90 1,083 1,083 1,083
Exxon Mobil Corp. Common 30231G102 3,503 44,952 44,952 44,952
Xerox Corp. Common 984121103 -110 -4,219 -4,219 -4,219
Yahoo Inc. Common 984332106 -41 -237 -237 -237
</TABLE>
<PAGE>
Page 33 of 33
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ---------------- --------- -------- ----------------- ---------- --------- -----------------------
VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- --------------------------------- ---------------- --------- -------- -------- --- ---- ---------- --------- -------- -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Tricon Global Restaurants Common 895953107 60 1,929 1,929 1,929
-------
Total
303,423
</TABLE>
