<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: September 30, 2000
-----------------------
Check Here if Amendment / /; Amendment Number:
---------
This Amendment (Check only one.): / / is a restatement.
/ / adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Analytic Investors, Inc.
-------------------------------
Address: 700 South Flower Street
-------------------------------
Suite 2400
-------------------------------
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 / /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-
--------------- ------------------------------------
[Repeat as necessary.]
<PAGE>
FORM 13-F
Page 1 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Agilent Technologies Inc. Common 00846U101 5 112 112 112
Albertsons, Inc. Common 013104104 738 35,129 35,129 35,129
Abbott Laboratories Common 002824100 5,400 113,528 113,528 113,528
Barrick Gold, Corp. Common 067901108 228 14,953 14,953 14,953
Alberto Culver Co. Common 013068101 1,387 48,130 48,130 48,130
Adobe Systems Inc. Common 00724F101 88 564 564 564
A D C Telecom Inc. Common 000886101 1,075 39,965 39,965 39,965
Analog Devices Inc Common 032654105 6,029 73,023 73,023 73,023
Archer Daniels Midland Co. Common 039483102 3,617 419,327 419,327 419,327
Autodesk Inc Common 052769106 30 1,166 1,166 1,166
Ameren Corp. Common 023608102 1,139 27,202 27,202 27,202
Aegon NV Common 007924103 75 2,008 2,008 2,008
American Electric Power Co . Common 025537101 11,237 287,214 287,214 287,214
A E S Corp Common 00130H105 1,121 16,358 16,358 16,358
Aetna, Inc. Common 008117103 316 5,446 5,446 5,446
</TABLE>
<PAGE>
FORM 13-F
Page 2 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
AFLAC INC Common 001055102 55 851 851 851
Associates First Capital Common 046008108 1,171 30,803 30,803 30,803
American General Corp. Common 026351106 1,838 23,559 23,559 23,559
Allergan Inc. Common 018490102 172 2,032 2,032 2,032
Amerada Hess Corp. Common 023551104 2,891 43,190 43,190 43,190
American International Common 026874107 10,061 105,141 105,141 105,141
Group, Inc
Alcatel SA - Spon ADR Common 013904305 68 1,076 1,076 1,076
Altera Corp. Common 021441100 63 1,317 1,317 1,317
Applied Materials Common 038222105 1,724 29,068 29,068 29,068
Advanced Micro Devices Common 007903107 2,075 87,819 87,819 87,819
Amgen, Inc. Common 031162100 114 1,638 1,638 1,638
Andrew Corp. Common 034425108 50 1,927 1,927 1,927
America Online Inc. Common 02364J104 4,406 81,980 81,980 81,980
Apache Corp Common 037411105 1,517 25,657 25,657 25,657
Anadarko Petroleum Corp Common 032511107 1,111 16,715 16,715 16,715
</TABLE>
<PAGE>
FORM 13-F
Page 3 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
American Power Conversion Common 029066107 490 25,518 25,518 25,518
ASM Lithography Hold - NY Reg Common N07059111 11 336 336 336
AmSouth Bancorp Common 032165102 36 2,916 2,916 2,916
AllTel Corp. Common 020039103 100 1,918 1,918 1,918
Automatic Data Products Common 053015103 7,971 119,199 119,199 119,199
Aventis -Spon ADR Common 053561106 87 1,155 1,155 1,155
Avon Products, Inc. Common 054303102 34 842 842 842
Avery Dennison Corp. Common 053611109 1,358 29,291 29,291 29,291
AXA -SP ADR Common 054536107 46 704 704 704
American Express Co. Common 025816109 4,321 71,123 71,123 71,123
Autozone Inc. Nevada Common 053332102 177 7,818 7,818 7,818
Boeing Co. Common 097023105 12,884 204,508 204,508 204,508
Bank of America Corp. Common 060505104 894 17,062 17,062 17,062
Bed Bath and Beyond Common 075896100 551 22,607 22,607 22,607
BB&T Corporation Common 054937107 1,149 38,139 38,139 38,139
</TABLE>
<PAGE>
FORM 13-F
Page 4 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Banco Bilbao Vizcaya-SP ADR Common 05946K101 58 3,897 3,897 3,897
Brunswick Corp. Common 117043109 307 16,842 16,842 16,842
Franklin Resources Inc. Common 354613101 219 4,931 4,931 4,931
Brown Forman Corp. Class B Common 115637209 397 7,259 7,259 7,259
Briggs & Stratton Common 109043109 49 1,302 1,302 1,302
Baker-Hughes, Inc. Common 057224107 2,162 58,232 58,232 58,232
Bank of New York, Inc. Common 064057102 5,094 90,858 90,858 90,858
Bellsouth Corp. Common 079860102 17,384 431,907 431,907 431,907
Bemis Co, Inc. Common 081437105 133 4,135 4,135 4,135
Bristol Myers Squibb Co. Common 110122108 8,309 145,457 145,457 145,457
Burlington Northern Santa Fe Common 12189T104 385 17,859 17,859 17,859
Burlington Resources Common 122014103 66 1,802 1,802 1,802
Broadcom Corp. Common 111320107 2,999 12,303 12,303 12,303
Anheuser-Busch Companies, Inc. Common 035229103 175 4,134 4,134 4,134
Citigroup Inc Common 172967101 11,449 211,777 211,777 211,777
</TABLE>
<PAGE>
FORM 13-F
Page 5 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Conagra Foods, Inc. Common 205887102 3,483 173,620 173,620 173,620
Cardinal Health Inc. Common 14149Y108 101 1,149 1,149 1,149
Circuit City Strs-C C Grp Common 172737108 37 1,601 1,601 1,601
Crown Cork & Seal, Inc. Common 228255105 92 8,624 8,624 8,624
Clear Channel Comm Inc. Common 184502102 471 8,340 8,340 8,340
Constellation Energy Group Common 210371100 392 7,876 7,876 7,876
Charter One Financial Inc. Common 160903100 397 16,290 16,290 16,290
Columbia Energy Group Common 197648108 176 2,477 2,477 2,477
Coastal Corp. Common 190441105 357 4,815 4,815 4,815
China Mobile HK Ltd-Sp ADR Common 16941M109 21 644 644 644
Chevron Corp. Common 166751107 9,668 113,403 113,403 113,403
Cigna Corp. Common 125509109 1,108 10,609 10,609 10,609
Cinergy Corp. Common 172474108 481 14,547 14,547 14,547
Cincinnati Financial Corp. Common 172062101 1,567 44,137 44,137 44,137
CIT GROUP INC Common 125577106 239 13,658 13,658 13,658
</TABLE>
<PAGE>
FORM 13-F
Page 6 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Colgate-Palmolive Co. Common 194162103 1,240 26,277 26,277 26,277
Clorox Co. Common 189054109 269 6,789 6,789 6,789
Comerica, Inc. Common 200340107 108 1,848 1,848 1,848
Chase Manhattan Corp. Common 16161A108 1,705 36,924 36,924 36,924
Comcast Corp.- Special Cl A Common 200300200 187 4,573 4,573 4,573
C M S Energy Corp. Common 125896100 71 2,652 2,652 2,652
Comverse Technology, Inc. Common 205862402 636 5,887 5,887 5,887
Consolidated Stores Corp. Common 210149100 68 5,065 5,065 5,065
Conoco Inc. Common 208251405 1,007 37,373 37,373 37,373
Costco Wholesale Corp. Common 22160K105 886 25,346 25,346 25,346
Campbell Soup Co. Common 134429109 306 11,845 11,845 11,845
Compaq Computer Corp. Common 204493100 531 19,237 19,237 19,237
Crane Corp. Common 224399105 122 5,344 5,344 5,344
Cabletron Systems Inc Common 126920107 25 856 856 856
Computer Sciences Corp Common 205363104 130 1,746 1,746 1,746
</TABLE>
<PAGE>
FORM 13-F
Page 7 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Cisco Systems, Inc. Common 17275R102 17,938 324,672 324,672 324,672
Credit Suisse Group-SP ADR Common 225401108 78 1,532 1,532 1,532
Cooper Tire & Rubber Co. Common 216831107 35 3,509 3,509 3,509
Centex Corp. Common 152312104 365 11,370 11,370 11,370
Convergys Corp. Common 212485106 1,406 36,177 36,177 36,177
CVS Corp. Common 126650100 1,777 38,361 38,361 38,361
Delta Air Lines, Inc. Common 247361108 299 6,743 6,743 6,743
Daimlerchrysler AG Common D1668R123 47 1,053 1,053 1,053
Du Pont (E. I.) De Nemours Co. Common 263534109 87 2,110 2,110 2,110
Deere & Co. Common 244199105 909 27,342 27,342 27,342
Dell Computer Corp. Common 247025109 386 12,517 12,517 12,517
Danaher Corp. Common 235851102 65 1,310 1,310 1,310
Disney Walt Co. Com Stk Common 254687106 7,188 187,913 187,913 187,913
Dow Jones & Co. Common 260561105 264 4,371 4,371 4,371
Deluxe Corp. Common 248019101 362 17,809 17,809 17,809
</TABLE>
<PAGE>
FORM 13-F
Page 8 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Dover Corp. Common 260003108 113 2,397 2,397 2,397
Dow Chemical Co. Common 260543103 377 15,125 15,125 15,125
Delphi Automotive Systems Common 247126105 47 3,113 3,113 3,113
Darden Restaurants, Inc. Common 237194105 179 8,615 8,615 8,615
Devon Energy Corp New Common 25179M103 59 988 988 988
E N I S P A Common 26874R108 61 1,146 1,146 1,146
Engelhard Corp. Common 292845104 96 5,905 5,905 5,905
Consolidated Edison Inc. Common 209115104 3,110 91,150 91,150 91,150
Edison International Common 281020107 321 16,620 16,620 16,620
Eastman Kodak Co. Common 277461109 5,970 146,059 146,059 146,059
EMC Corp. Common 268648102 10,979 110,757 110,757 110,757
Eastman Chemical Co. Common 277432100 8,767 237,345 237,345 237,345
Emerson Electric Co. Common 291011104 2,097 31,300 31,300 31,300
El Paso Energy Corp. Common 283905107 320 5,197 5,197 5,197
Ericsson (LM) Tel-SP ADR Common 294821400 96 6,480 6,480 6,480
</TABLE>
<PAGE>
FORM 13-F
Page 9 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Entergy Corp. Common 29364G103 304 8,150 8,150 8,150
Ford Motor Company (New) Common 345370860 2,711 106,309 106,309 106,309
Fleet Boston Financial Corp. Common 339030108 4,362 111,845 111,845 111,845
Freeport McMoran Copper Common 35671D857 45 5,158 5,158 5,158
and Gold
Federated Department Stores Common 31410H101 63 2,424 2,424 2,424
First Data Corp. Common 319963104 3,796 97,180 97,180 97,180
Fed Ex Corp. Common 31428X106 602 13,585 13,585 13,585
Firstenergy Corp. Common 337932107 569 21,134 21,134 21,134
Fifth Third Bancorp Common 316773100 299 5,554 5,554 5,554
F. M. C. Corp. Common 302491303 112 1,676 1,676 1,676
Federal National Mortgage Common 313586109 15,550 217,480 217,480 217,480
Association
Sprint Corp. (FON Group) Common 852061100 4,419 150,740 150,740 150,740
Florida Progress Corp. Common 341109106 2,315 43,722 43,722 43,722
Freddie Mac Common 313400301 164 3,034 3,034 3,034
Firstar Corp. Common 33763V109 2,646 118,239 118,239 118,239
</TABLE>
<PAGE>
FORM 13-F
Page 10 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
France Telecom SA-SP ADR Common 35177Q105 82 775 775 775
Nicor, Inc. Common 654086107 468 12,922 12,922 12,922
Gannett, Inc. Common 364730101 176 3,330 3,330 3,330
Golden West Financial Common 381317106 536 9,998 9,998 9,998
General Electric Co. Common 369604103 32,456 562,610 562,610 562,610
General Mills, Inc. Common 370334104 2,718 76,560 76,560 76,560
Genuine Parts Co. Common 372460105 368 19,297 19,297 19,297
Goodrich B F Co. Common 382388106 236 6,024 6,024 6,024
Grainger W W, Inc. Common 384802104 101 3,849 3,849 3,849
Harcourt General Inc. Common 41163G101 7,947 134,700 134,700 134,700
HSBC Holdings PLC-SP ADR Common 404280406 49 681 681 681
HCA - The Healthcare Corp. Common 404119109 41 1,099 1,099 1,099
Home Depot, Inc. Common 437076102 9,671 182,255 182,255 182,255
Harley Davidson Inc. Wis Common 412822108 89 1,866 1,866 1,866
Harrahs Ent Inc. Common 413619107 65 2,360 2,360 2,360
</TABLE>
<PAGE>
FORM 13-F
Page 11 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Household International Common 441815107 2,644 46,689 46,689 46,689
Hilton Hotels Corp. Common 432848109 189 16,024 16,024 16,024
Heinz (H.J.) Co. Common 423074103 436 11,773 11,773 11,773
Honeywell International Inc. Common 438516106 48 1,352 1,352 1,352
(New)
Healthsouth Rehab Corp. Common 421924101 150 18,636 18,636 18,636
Hutchison Whampoa -UNSP ADR Common 448415208 79 1,192 1,192 1,192
Hewlett-Packard Co. Common 428236103 7,271 74,963 74,963 74,963
International Flavors & Common 459506101 164 9,013 9,013 9,013
Fragrance
San Paolo-IMI SPA - SP ADR Common 799175104 68 2,081 2,081 2,081
Ing Groep N V Common 456837103 28 422 422 422
Intel Corp. Common 458140100 11,125 267,675 267,675 267,675
Ingersoll Rand Co. Common 456866102 138 4,070 4,070 4,070
Illinois Tool Works Common 452308109 287 5,141 5,141 5,141
Johnson Controls, Inc. Common 478366107 111 2,088 2,088 2,088
JDS Uniphase Corp. Common 46612J101 1,439 15,196 15,196 15,196
</TABLE>
<PAGE>
FORM 13-F
Page 12 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Johnson & Johnson Common 478160104 12,792 136,173 136,173 136,173
Jefferson Pilot Corp. Common 475070108 1,076 15,852 15,852 15,852
J.P. Morgan & Co. Common 616880100 746 4,566 4,566 4,566
Kellogg Co. Common 487836108 253 10,468 10,468 10,468
Kaufman & Broad Home Common 486168107 40 1,481 1,481 1,481
Keycorp Common 493267108 337 13,320 13,320 13,320
K Mart Corp. Common 482584109 28 4,749 4,749 4,749
Kimberly Clark Corp. Common 494368103 13,031 233,486 233,486 233,486
Kerr-McGee Corp. Common 492386107 2,002 30,216 30,216 30,216
Coca-Cola Co. Common 191216100 1,345 24,397 24,397 24,397
Royal KPN NV - SP ADR Common 780641205 14 628 628 628
MBNA Corp. Common 55262L100 92 2,400 2,400 2,400
Lehman Brothers Holding, Inc. Common 524908100 243 1,634 1,634 1,634
Lilly Eli & Co. Common 532457108 2,191 27,011 27,011 27,011
Lowe's Companies, Inc. Common 548661107 61 1,368 1,368 1,368
</TABLE>
<PAGE>
FORM 13-F
Page 13 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Louisiana-Pacific Corp. Common 546347105 47 5,166 5,166 5,166
L S I Logic Corp. Common 502161102 36 1,222 1,222 1,222
Limited, Inc. Common 532716107 88 3,997 3,997 3,997
Loews Corp. Common 540424108 5,281 63,345 63,345 63,345
Lucent Technologies, Inc. Common 549463107 277 9,068 9,068 9,068
LVMH -ADR Common 502441207 46 3,125 3,125 3,125
May Department Stores Common 577778103 740 36,088 36,088 36,088
McDonald's Corp. Common 580135101 877 29,047 29,047 29,047
Medtronic, Inc. Common 585055106 5,402 104,252 104,252 104,252
MediImmune, Inc. Common 584699102 144 1,866 1,866 1,866
Merrill Lynch & Co. Common 590188108 12,202 184,885 184,885 184,885
Mercury Interactive Corp Common 589405109 3,960 25,266 25,266 25,266
Millipore Corp Common 601073109 31 649 649 649
Mallinckrodt Group, Inc. Common 561232109 288 6,323 6,323 6,323
Minnesota Mining Common 604059105 2,297 25,211 25,211 25,211
& Manufacturing
</TABLE>
<PAGE>
FORM 13-F
Page 14 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Philip Morris Companies, Inc. Common 718154107 5,732 194,731 194,731 194,731
Molex Inc Common 608554101 93 1,706 1,706 1,706
Motorola, Inc. Common 620076109 31 1,109 1,109 1,109
Merck & Co. Common 589331107 11,400 153,146 153,146 153,146
USX-Marathon Group, Inc. Common 902905827 5,316 187,359 187,359 187,359
Microsoft Corp. Common 594918104 14,543 241,132 241,132 241,132
M G I C Invt Corp Wis Common 552848103 5,241 85,735 85,735 85,735
Micron Technology, Inc. Common 595112103 4,110 89,345 89,345 89,345
Morgan Stanley Dean Witter Common 617446448 638 6,976 6,976 6,976
& Co.
INCO, Ltd. Common 453258402 121 7,517 7,517 7,517
National Australia BK-Sp ADR Common 632525408 70 1,011 1,011 1,011
National City Corp. Common 635405103 108 4,908 4,908 4,908
Nokia Corp -SP ADR Common 654902204 142 3,552 3,552 3,552
National Service Inds Inc. Common 637657107 268 13,707 13,707 13,707
Nestle SA-SP ADR Common 641069406 117 1,080 1,080 1,080
</TABLE>
<PAGE>
FORM 13-F
Page 15 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Nortel Networks Corp. Common 656568102 7,857 131,907 131,907 131,907
Network Appliance Corp. Common 64120L104 6,941 54,490 54,490 54,490
Nucor Corp. Common 670346105 55 1,800 1,800 1,800
Novartis AG-ADR Common 66987V109 119 3,080 3,080 3,080
News Corp Ltd. Common 652487703 51 910 910 910
Nextel Comm Inc. Common 65332V103 775 16,572 16,572 16,572
New York Times, Co. Class A Common 650111107 760 19,336 19,336 19,336
Telecom New Zealand - Sp ADR Common 879278208 30 1,495 1,495 1,495
Quaker Oats Co. Common 747402105 73 921 921 921
OCE NV-SPON ADR Common 674627203 15 925 925 925
Old Kent Financial Corp Common 679833103 76 2,626 2,626 2,626
Oneok Inc. Common 682680103 238 5,989 5,989 5,989
Banc One Corp. Common 06423A103 98 2,535 2,535 2,535
Oracle Systems Common 68389X105 12,527 159,067 159,067 159,067
Occidental Petroleum Corp. Common 674599105 3,408 156,242 156,242 156,242
</TABLE>
<PAGE>
FORM 13-F
Page 16 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Phillips Petroleum Co. Common 718507106 137 2,184 2,184 2,184
Paychex Inc. Common 704326107 5,243 99,876 99,876 99,876
Paccar, Inc. Common 693718108 184 4,976 4,976 4,976
P G & E Corporation Common 69331C108 344 14,209 14,209 14,209
Sprint Corp. (PCS Group) Common 852061506 329 9,377 9,377 9,377
Public Service Enterprise Common 744573106 308 6,887 6,887 6,887
Group, I
Pepsico, Inc. Common 713448108 437 9,496 9,496 9,496
Pfizer, Inc. Common 717081103 17,663 393,058 393,058 393,058
Peoples Energy Corp. Common 711030106 1,330 39,837 39,837 39,837
Petroleum Geo Svc A S Common 716597109 10 585 585 585
Parker Hannifin Corp. Common 701094104 403 11,934 11,934 11,934
Koninklijke Philips Common 500472303 56 1,326 1,326 1,326
Electronics-N
Pulte Corp. Common 745867101 216 6,552 6,552 6,552
P N C Bank Corp. Common 693475105 482 7,410 7,410 7,410
Pinnacle West Capital Common 723484101 1,131 22,227 22,227 22,227
</TABLE>
<PAGE>
FORM 13-F
Page 17 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
P P G Industries, Inc. Common 693506107 218 5,497 5,497 5,497
PPL Corporation Common 69351T106 409 9,797 9,797 9,797
Pactiv Corporation Common 695257105 471 42,106 42,106 42,106
Providian Financial Corp. Common 74406A102 281 2,216 2,216 2,216
Royal Dutch Petroleum Co. Common 780257804 103 1,717 1,717 1,717
Rowan Companies Common 779382100 1,008 34,755 34,755 34,755
Regions Financial Corp. Common 758940100 51 2,267 2,267 2,267
Rhodia SA-SP ADR Common 762397107 12 1,123 1,123 1,123
Roche Holdings Ltd-SPONS ADR Common 771195104 108 1,200 1,200 1,200
Transocean Sedco Forex Inc. Common G90078109 547 9,322 9,322 9,322
Sears Roebuck & Co. Common 812387108 8,945 275,896 275,896 275,896
Sapient Corp. Common 803062108 1,267 31,135 31,135 31,135
SBC Communications, Inc. Common 78387G103 962 19,230 19,230 19,230
Siebel Sysytems Inc. Common 826170102 6,548 58,823 58,823 58,823
Seagate Technologies Common 811804103 1,944 28,168 28,168 28,168
</TABLE>
<PAGE>
FORM 13-F
Page 18 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Scientific-Atlanta, Inc. Common 808655104 109 1,721 1,721 1,721
Schering-Plough Common 806605101 626 13,452 13,452 13,452
Sherwin Williams Co. Common 824348106 199 9,320 9,320 9,320
Sigma Aldrich Corp. Common 826552101 76 2,301 2,301 2,301
SKF AB-SPONSORED ADR Common 784375404 6 454 454 454
USA Education Inc. Common 90390U102 1,274 26,429 26,429 26,429
Springs Industries Corp. Common 851783100 563 19,986 19,986 19,986
Synovus Financial Corp. Common 87161C105 33 1,551 1,551 1,551
Synavant Inc. Common 87157A105 1 1 1
Southtrust Corp. Common 844730101 224 7,126 7,126 7,126
St. Paul Companies Common 792860108 489 9,907 9,907 9,907
S&P 500 Depository Receipt Common 78462F103 1,034 7,200 7,200 7,200
Sempra Energy Common 816851109 488 23,443 23,443 23,443
Banco Santander Cen-Spon ADR Common 05964H105 88 8,004 8,004 8,004
Suntrust Banks Common 867914103 203 4,075 4,075 4,075
</TABLE>
<PAGE>
FORM 13-F
Page 19 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
ST Microelectronics NV - NY Common 861012102 37 770 770 770
Statestreet Corp. Common 857477103 192 1,477 1,477 1,477
Summit Bancorp N J Common 866005101 362 10,501 10,501 10,501
Sunoco Inc. Common 86764P109 3,267 121,299 121,299 121,299
Sun Microsystems, Inc. Common 866810104 6,830 58,504 58,504 58,504
Stilwell Financial Inc. Common 860831106 45 1,040 1,040 1,040
SuperValu Stores Common 868536103 1,117 74,133 74,133 74,133
Stanley Works Common 854616109 70 3,027 3,027 3,027
Safeway Inc. Common 786514208 772 16,540 16,540 16,540
Sysco, Corp. Common 871829107 2,328 50,269 50,269 50,269
A T & T Corp Common 001957109 10,772 366,720 366,720 366,720
Telefonica SA -Spon ADR Common 879382208 58 975 975 975
Tektronix, Inc. Common 879131100 101 1,319 1,319 1,319
Teradyne Inc Common 880770102 1,537 43,922 43,922 43,922
Target Corp. Common 87612E106 2,510 97,961 97,961 97,961
</TABLE>
<PAGE>
FORM 13-F
Page 20 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Tenet Health Care Common 88033G100 88 2,422 2,422 2,422
Telecom Italia Spa-SP ADR Common 87927W106 40 377 377 377
Temple Inland Inc. Common 879868107 38 1,011 1,011 1,011
TJX Companies Inc Common 872540109 92 4,109 4,109 4,109
Timken Co. Common 887389104 2,066 150,913 150,913 150,913
Tellabs, Inc. Common 879664100 23 485 485 485
TIM SPA Common T9276A104 47 5,862 5,862 5,862
Torchmark Corp. Common 891027104 4,447 159,891 159,891 159,891
Tosco Corp. Common 891490302 539 17,274 17,274 17,274
Total Fina Elf S.A. Common 89151E109 88 1,196 1,196 1,196
TNT Post Group N.V.-S.A. Common 888742103 8 354 354 354
T Rowe Price Associates Inc Common 741477103 98 2,082 2,082 2,082
T R W, Inc. Common 872649108 105 2,577 2,577 2,577
Sabre Group Holdings Inc. Common 785905100 109 3,752 3,752 3,752
Tupperware, Corp. Common 899896104 108 6,026 6,026 6,026
</TABLE>
<PAGE>
FORM 13-F
Page 21 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Time Warner, Inc. Common 887315109 3,642 46,539 46,539 46,539
Texaco, Inc. Common 881694103 3,310 63,055 63,055 63,055
Textron, Inc. Common 883203101 193 4,178 4,178 4,178
Tyco International, Ltd. Common 902124106 45 862 862 862
Unocal Corp. Common 915289102 1,516 42,768 42,768 42,768
Unilever N.V. - New Common 904784709 59 1,229 1,229 1,229
Unitedhealth Group Inc. Common 91324P102 9,921 100,464 100,464 100,464
Union Pacific Corp. Common 907818108 1,307 33,558 33,558 33,558
Union Planters Corp. Common 908068109 422 12,765 12,765 12,765
UPM-Kymmene Corp-S.A. Common 915436109 32 1,262 1,262 1,262
US Bancorp Common 902973106 105 4,605 4,605 4,605
United Technologies Corp. Common 913017109 318 4,580 4,580 4,580
Vivendi (Ex-Gen Eaux)-SP ADR Common 92851S105 53 3,560 3,560 3,560
Visteon Corp. Common 92839U107 1,339 88,555 88,555 88,555
V F Corp. Common 918204108 159 6,435 6,435 6,435
</TABLE>
<PAGE>
FORM 13-F
Page 22 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Viacom, Inc., Class B Common 925524308 1,879 32,121 32,121 32,121
Vulcan Materials Co. Common 929160109 432 10,760 10,760 10,760
Volvo A B Common 928856400 28 1,721 1,721 1,721
Veritas Software Corp. Common 923436109 1,964 13,832 13,832 13,832
Verizon Communications Common 92343V104 346 7,145 7,145 7,145
Westvaco Corp. Common 961548104 2,322 87,010 87,010 87,010
Worldcom, Inc. Common 98157D106 6,427 211,585 211,585 211,585
Wendy's International Common 950590109 380 18,954 18,954 18,954
Wells Fargo & Co. (NEW) Common 949746101 459 10,000 10,000 10,000
Whirlpool Corp. Common 963320106 40 1,040 1,040 1,040
Wellpoint Health Ntwk DE Common 94973H108 110 1,148 1,148 1,148
WMC Limited-Spon ADR Common 928947100 25 1,541 1,541 1,541
Waste Management Inc. Common 94106L109 928 53,224 53,224 53,224
Wal-Mart Stores, Inc. Common 931142103 5,389 111,981 111,981 111,981
Worthington Industries Common 981811102 51 5,405 5,405 5,405
</TABLE>
<PAGE>
FORM 13-F
Page 23 of 23
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCR VOTING AUTHORITY
FAIR QUANTITY
NAME OF TITLE OF CUSIP MARKET (UNITS)
ISSUER CLASS NUMBER VALUE 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> <C>
Wrigley Wm. Jr. Co. Common 982526105 291 3,889 3,889 3,889
Weyerhaeuser Co. Common 962166104 609 15,084 15,084 15,084
USX-U.S. Steel Group, Inc. Common 90337T101 126 8,275 8,275 8,275
Bestfoods Common 08658U101 2,958 40,655 40,655 40,655
XCEL Energy Inc. Common 98389B100 85 3,085 3,085 3,085
Exxon Mobil Corp. Common 30231G102 3,392 38,061 38,061 38,061
Yahoo Inc. Common 984332106 7 77 77 77
-------
Total
637,959
</TABLE>
