NAME OF ISSUER CLASS CSUIP FMV(x1000) SHARES
-----------------------------------------------------------------
ALUMINUM CO OF AMERICA COMMON 13817101 19430 670000
ARCH COAL INC COMMON 39380100 7428 966300
ANADARKO PETROLEUM CORP COMMON 32511107 9615 195000
ASTEC INDUSTRIES INC OTC IS 46224101 15169 597800
ADVANCED TECHNOLOGY MAT OTC IS 00207R101 15954 343100
AVON PRODS INC COMMON 54303102 24145 542600
ALZA CORP COMMON 22615108 22993 388900
BRISTOL MYERS SQUIBB CO COMMON 10122108 314 5400
CHASE MANHATTAN CORP - COMMON 6161A108 17540 380800
***CANADIAN PACIFIC LTD COMMON 35923100 10778 411600
DEXTER CORP -W/RTS TO COMMON 252165105 24729 515200
DUPONT PHOTOMASKS INC OTC IS 26613X101 1678 24500
DYNEGY INC COMMON 26816Q101 11271 165000
EMC CORP-MASS COMMON 268648102 230 3000
ENRON CORP COMMON 293561106 25067 388646
FUELCELL ENERGY INC OTC IS 35952H106 4682 67800
FEDERAL EXPRESS CORP COMMON 31428X106 10917 287300
FLOWERS INDS INC COMMON 343496105 9426 472800
FLOWSERVE CORP COMMON 34354P105 7133 473600
GENERAL DYNAMICS CORP COMMON 369550108 19807 379100
GREY WOLF INC COMMON 397888108 12083 2416700
HEALTHEON CORP OTC IS 422209106 4962 335000
HUBBELL HARVEY INC CL B COMMON 443510201 16807 659100
IBP INC COMMON 449223106 5146 333400
LIBERTY DIGITAL INC OTC IS 87229N101 2541 84700
AT&T CORP LIBERTY MEDIA COMMON 1957208 28049 1156664
METLIFE INC COMMON 59156R108 11605 551000
MUELLER INDUSTRIES INC COMMON 624756102 263 9400
MARTIN MARIETTA MATLS I COMMON 573284106 893 22100
MICRO THERAPEUTICS INC OTC IS 59500W100 991 193400
MANITOWOC CO INC COMMON 563571108 6061 226600
NABORS INDUSTRIES INC COMMON 629568106 23541 566400
NATIONAL-OILWELL INC COMMON 637071101 10214 310700
PECO ENERGY CO COMMON 693304107 24602 610300
PHYSIOMETRIX INC OTC IS 718928104 4863 219800
PILOT NETWORK SVCS INC OTC IS 721596104 9280 623900
REGIS CORP-MINN OTC IS 758932107 137 11000
SCIENTIFIC ATLANTA INC COMMON 808655104 13633 183000
SHAW GROUP INC COMMON 820280105 19745 419000
SCOTTS CO COMMON 810186106 200 5500
SYSCO CORP COMMON 871829107 14954 355000
TEKTRONIX INC COMMON 879131100 18870 255000
TENET HEALTHCARE/NATL M COMMON 88033G100 15290 566300
HOUSTON EXPLORATION CO COMMON 442120101 8220 327200
TICKETMASTER ONLINE-CIT OTC IS 88633P203 8400 527100
THERMEDICS INC COMMON 883901100 283 28500
THERMO ELECTRON CORP COMMON 883556102 15138 718700
TYCO INTERNATIONAL LTD COMMON 902124106 213 4500
VIACOM INC-CLB COMMON 925524308 20238 296800
VULCAN MATERIALS CO COMMON 929160109 10117 237000
