UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/00
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: Dodge & Cox
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Address: One Sansome Street
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35th Floor
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San Francisco, CA 94104
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Form 13F File Number: 28-400
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: Thomas M. Mistele
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Title: Vice President
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Phone: (415) 981-1710
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Signature, Place, and Date of Signing:
/s/ Thomas M. Mistele San Francisco, CA 5/12/00
- -------------------------- ----------------------------- -------------------
[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.)
[_] 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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 234
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Form 13F Information Table Value Total: 18,476,697
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
NONE
<PAGE>
<TABLE>
FORM 13F NAME OF REPORTING MGR - DODGE & COX
COLUMN 1 COL.2 COL. 3 COL 4 COLUMN 5 -------- COL. 6 COL7 COLUMN 8 ----------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHR --- VOTING AUTHORITY --------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE
- -------------------------- ------ --------- -------- ---------- --- ---- ------- ---- ---------- ------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A T & T CORP COMMON 001957109 1,372 24,372 SH SOLE 22,372 2,000
ABBOTT LABORATORIES COMMON 002824100 686 19,522 SH SOLE 18,862 660
ADOBE SYSTEMS INC COMMON 00724F101 2,382 21,400 SH SOLE 17,300 4,100
AEGON N V ADR COMMON 007924103 228 2,836 SH SOLE 2,836 0
AETNA INC COMMON 008117103 2,484 44,762 SH SOLE 42,812 1,950
AIR PRODUCTS & CHEMICALS INC COMMON 009158106 130,270 4,580,950 SH SOLE 4,249,100 40,600 291,250
ALCAN ALUMINIUM LTD COMMON 013716105 391 11,500 SH SOLE 11,500 0
ALCOA INC COMMON 013817101 467,913 6,660,694 SH SOLE 6,205,894 60,500 394,300
ALLSTATE CORP COMMON 020002101 312 13,106 SH SOLE 13,106 0
AMERADA HESS CORP COMMON 023551104 302,339 4,678,366 SH SOLE 4,357,716 46,200 274,450
AMEREN CORP COMMON 023608102 160,890 5,200,510 SH SOLE 4,885,400 49,400 265,710
AMERICAN ELEC POWER CO INC COMMON 025537101 1,114 37,400 SH SOLE 37,400 0
AMERICAN EXPRESS COMPANY COMMON 025816109 52,290 351,093 SH SOLE 315,493 35,600
AMERICAN HOME PRODUCTS CORP COMMON 026609107 3,281 61,048 SH SOLE 59,248 1,800
AMERICAN INTERNATIONAL GROUP COMMON 026874107 12,190 111,329 SH SOLE 74,850 36,479
AMSOUTH BANCORPORATION COMMON 032165102 316 21,181 SH SOLE 21,181 0
AON CORP COMMON 037389103 390 12,107 SH SOLE 12,107 0
ARCHER-DANIELS MIDLAND COMMON 039483102 199,707 19,365,559 SH SOLE 17,989,114 175,566 1,200,879
ARROW ELECTRONICS INC COMMON 042735100 1,036 29,400 SH SOLE 29,400 0
ASHLAND INC COMMON 044204105 206 6,200 SH SOLE 6,200 0
ATLANTIC RICHFIELD CO COMMON 048825103 2,474 29,116 SH SOLE 28,716 400
AVERY DENNISON CORP COMMON 053611109 390 6,400 SH SOLE 6,400 0
BAKER HUGHES INC COMMON 057224107 276,508 9,140,791 SH SOLE 8,410,411 100,800 629,580
BANK OF AMERICA CORP COMMON 060505104 238,141 4,541,435 SH SOLE 4,187,007 41,139 313,289
BANK OF NEW YORK INC COMMON 064057102 1,118 26,920 SH SOLE 21,800 5,120
BANK ONE CORP COMMON 06423A103 487,624 14,134,042 SH SOLE 13,222,880 133,500 777,662
BAUSCH & LOMB COMMON 071707103 234,955 4,502,135 SH SOLE 4,202,035 45,300 254,800
BAXTER INTERNATIONAL INC COMMON 071813109 399 6,366 SH SOLE 6,366 0
BCE INC COMMON 05534B109 11,232 89,550 SH SOLE 83,050 6,500
BECTON DICKINSON & CO COMMON 075887109 178,823 6,796,150 SH SOLE 6,342,750 65,300 388,100
BELL ATLANTIC CORP COMMON 077853109 994 16,278 SH SOLE 12,542 3,736
BELLSOUTH CORP COMMON 079860102 495 10,568 SH SOLE 7,448 3,120
BERGSTROM CAPITAL CORP COMMON 084093103 210 780 SH SOLE 780 0
BERKSHIRE HATHAWAY INC DEL COMMON 084670108 629 11 SH SOLE 2 9
BERKSHIRE HATHAWAY, INC CLASS COMMON 084670207 5,039 2,769 SH SOLE 2,256 513
BOEING CO COMMON 097023105 2,438 64,498 SH SOLE 64,498 0
BOISE CASCADE CORP COMMON 097383103 117,896 3,392,714 SH SOLE 3,142,909 33,800 216,005
BP AMOCO PLC ADR COMMON 055622104 16,374 307,495 SH SOLE 278,519 28,976
BRISTOL-MYERS SQUIBB CO COMMON 110122108 4,839 83,440 SH SOLE 61,820 21,620
BURLINGTON NORTHERN SANTA FE COMMON 12189T104 1,875 82,448 SH SOLE 82,448 0
BURLINGTON RESOURCES, INC. COMMON 122014103 216 5,838 SH SOLE 5,838 0
C S X CORP COMMON 126408103 1,272 54,128 SH SOLE 54,128 0
CANADIAN PACIFIC LTD COMMON 135923100 226,562 10,125,709 SH SOLE 9,548,059 81,400 496,250
CARDINAL HEALTH INC COMMON 14149Y108 51,935 1,132,118 SH SOLE 1,091,268 8,000 32,850
CAROLINA POWER & LIGHT CO COMMON 144141108 1,615 49,800 SH SOLE 42,300 7,500
CATERPILLAR INC COMMON 149123101 194,601 4,934,428 SH SOLE 4,577,428 41,100 315,900
CENTRAL & SOUTH WEST CORP COMMON 152357109 173,471 10,129,725 SH SOLE 9,471,925 96,700 561,100
CHAMPION INTERNATIONAL CORP COMMON 158525105 253,370 4,758,133 SH SOLE 4,411,933 39,900 306,300
CHASE MANHATTAN CORP COMMON 16161A108 558 6,400 SH SOLE 6,400 0
CHEVRON CORP COMMON 166751107 311,810 3,373,208 SH SOLE 3,134,057 31,000 208,151
CHUBB CORP COMMON 171232101 193,767 2,867,974 SH SOLE 2,621,174 27,300 219,500
CIGNA CORP COMMON 125509109 14,026 185,174 SH SOLE 173,488 11,686
CITIGROUP INC COMMON 172967101 473,751 7,912,344 SH SOLE 7,354,533 75,050 482,761
CNA FINANCIAL CORP COMMON 126117100 8,514 263,500 SH SOLE 249,750 13,750
COCA COLA CO COMMON 191216100 2,969 63,270 SH SOLE 51,610 11,660
COLGATE-PALMOLIVE CO COMMON 194162103 1,090 19,352 SH SOLE 19,352 0
COOPER INDUSTRIES COMMON 216669101 626 17,900 SH SOLE 17,900 0
CORNING INC COMMON 219350105 13,752 70,890 SH SOLE 59,674 11,216
COUNTRYWIDE CREDIT COMMON 222372104 599 22,000 SH SOLE 22,000 0
CROWN CORK & SEAL CO COMMON 228255105 299 18,742 SH SOLE 18,742 0
CVS CORP COMMON 126650100 826 22,000 SH SOLE 19,600 2,400
DANA CORP COMMON 235811106 200,960 7,129,408 SH SOLE 6,670,658 67,500 391,250
DEERE & CO COMMON 244199105 300,595 7,910,419 SH SOLE 7,311,794 75,800 522,825
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 166,784 10,424,013 SH SOLE 9,745,524 95,674 582,815
DILLARD'S INC CLASS A COMMON 254067101 91,583 5,571,625 SH SOLE 5,202,175 51,600 317,850
DOLE FOOD CO. INC. COMMON 256605106 103,871 5,343,850 SH SOLE 4,960,150 55,800 327,900
DOMINION RESOURCES INC VA COMMON 25746U109 932 24,247 SH SOLE 20,865 3,382
DOW CHEMICAL CO COMMON 260543103 397,602 3,487,740 SH SOLE 3,264,755 32,500 190,485
DOW JONES & CO COMMON 260561105 4,610 64,200 SH SOLE 59,900 4,300
DUKE ENERGY CORP COMMON 264399106 4,353 82,915 SH SOLE 82,615 300
E I DU PONT DE NEMOURS & CO COMMON 263534109 7,876 148,786 SH SOLE 137,686 11,100
EASTMAN CHEMICAL CO COMMON 277432100 219,552 4,825,335 SH SOLE 4,514,225 44,700 266,410
EASTMAN KODAK CO COMMON 277461109 883 16,276 SH SOLE 16,276 0
EDISON INTERNATIONAL COMMON 281020107 2,832 171,019 SH SOLE 153,369 17,650
EL PASO ENERGY CORP COMMON 283905107 4,739 117,383 SH SOLE 100,533 16,850
ELECTRONIC DATA SYSTEMS COMMON 285661104 279,726 4,357,953 SH SOLE 4,082,303 43,900 231,750
ELI LILLY & CO COMMON 532457108 9,654 154,165 SH SOLE 141,609 12,556
EMERSON ELECTRIC CO COMMON 291011104 361 6,804 SH SOLE 2,204 4,600
ENGELHARD CORP COMMON 292845104 96,432 6,375,700 SH SOLE 6,010,700 58,200 306,800
ENRON CORP COMMON 293561106 1,280 17,100 SH SOLE 15,900 1,200
EQUITY OFFICE PROPERTIES TR COMMON 294741103 132,428 5,270,800 SH SOLE 5,061,600 44,000 165,200
EQUITY RESIDENTIAL PPTYS TR COMMON 29476L107 117,733 2,929,600 SH SOLE 2,790,200 32,000 107,400
ERICSSON (LM) TEL'B'ADR COMMON 294821400 985 10,500 SH SOLE 10,500 0
EXXON MOBIL CORPORATION COMMON 30231G102 33,644 431,685 SH SOLE 412,391 19,294
FEDEX CORP COMMON 31428X106 417,571 10,758,678 SH SOLE 9,991,436 99,700 667,542
FIRST HEALTH GROUP CORP COMMON 320960107 127,474 4,030,800 SH SOLE 3,704,000 50,900 275,900
FIRST MIDWEST BANCORP INC COMMON 320867104 243 10,028 SH SOLE 10,028 0
FIRST UNION CORP COMMON 337358105 745 20,000 SH SOLE 20,000 0
FIRSTENERGY CORP COMMON 337932107 503 24,400 SH SOLE 24,400 0
FLEET BOSTON FINANCIAL CORP COMMON 339030108 8,286 227,027 SH SOLE 200,501 26,526
FLORIDA PROGRESS CORP COMMON 341109106 247 5,400 SH SOLE 5,400 0
FLUOR CORP COMMON 343861100 148,600 4,793,578 SH SOLE 4,540,878 48,500 204,200
FMC CORP COMMON 302491303 419 7,416 SH SOLE 7,416 0
FORD MOTOR CO COMMON 345370100 181,370 3,948,210 SH SOLE 3,680,010 35,900 232,300
FORT JAMES CORP COMMON 347471104 194,568 8,844,015 SH SOLE 8,143,715 83,700 616,600
FPL GROUP INC COMMON 302571104 192,988 4,189,700 SH SOLE 3,921,408 39,000 229,292
GENERAL ELECTRIC CO COMMON 369604103 54,239 348,530 SH SOLE 315,565 32,965
GENERAL MILLS INC COMMON 370334104 477 13,200 SH SOLE 12,000 1,200
GENERAL MOTORS CORP COMMON 370442105 355,651 4,294,658 SH SOLE 4,009,514 38,700 246,444
GENUINE PARTS CO COMMON 372460105 278,343 11,658,357 SH SOLE 10,911,695 113,300 633,362
GEORGIA PACIFIC CORP COMMON 373298108 225 5,698 SH SOLE 3,298 2,400
GLAXO WELCOME PLC ADR COMMON 37733W105 229 4,000 SH SOLE 4,000 0
GOLDEN WEST FINANCIAL CORP COMMON 381317106 402,228 12,897,111 SH SOLE 12,028,911 103,500 764,700
GOODRICH (B F) CO COMMON 382388106 286 10,000 SH SOLE 10,000 0
GOODYEAR TIRE & RUBBER CO COMMON 382550101 854 36,668 SH SOLE 36,668 0
GREAT LAKES CHEMICAL CORP COMMON 390568103 286 8,420 SH SOLE 8,420 0
GTE CORP COMMON 362320103 2,524 35,563 SH SOLE 33,023 2,540
HALLIBURTON CO COMMON 406216101 9,787 237,984 SH SOLE 205,984 32,000
HARTFORD FINANCIAL SVCS GRP COMMON 416515104 1,347 25,546 SH SOLE 19,046 6,500
HEWLETT PACKARD CO COMMON 428236103 359,772 2,707,601 SH SOLE 2,516,471 22,000 169,130
HONEYWELL INTERNATIONAL INC COMMON 438516106 8,875 168,465 SH SOLE 158,256 10,209
INGERSOLL RAND CO COMMON 456866102 2,244 50,726 SH SOLE 44,626 6,100
INTEL CORP COMMON 458140100 699 5,300 SH SOLE 5,300 0
INTERNATIONAL BUSINESS MCH CO COMMON 459200101 57,589 488,045 SH SOLE 423,669 64,376
INTERNATIONAL PAPER CO COMMON 460146103 15,253 356,803 SH SOLE 296,853 59,950
INTERPUBLIC GROUP COMPANIES COMMON 460690100 233 4,950 SH SOLE 4,950 0
INTL FLAVORS & FRAGRANCES INC COMMON 459506101 1,772 50,560 SH SOLE 49,660 900
ITT INDUSTRIES COMMON 450911102 244 7,873 SH SOLE 6,373 1,500
JOHNSON & JOHNSON COMMON 478160104 3,447 49,070 SH SOLE 41,264 7,806
K MART CORP COMMON 482584109 338,413 34,932,974 SH SOLE 32,590,324 328,000 2,014,650
K-MART FINANCING I, 7 3/4 CON CV PRF 498778208 3,729 86,600 SH SOLE 69,700 2,500 14,400
KIMBERLY CLARK CORP COMMON 494368103 1,586 28,306 SH SOLE 27,706 600
LEHMAN BROTHERS HOLDINGS INC COMMON 524908100 207 2,140 SH SOLE 2,080 60
LG&E ENERGY CORP COMMON 501917108 202 8,839 SH SOLE 8,839 0
LOCKHEED MARTIN CORP COMMON 539830109 230,657 11,286,000 SH SOLE 10,827,450 53,000 405,550
LOEWS CORP COMMON 540424108 226,347 4,526,951 SH SOLE 4,294,801 44,600 187,550
LUBRIZOL CORP COMMON 549271104 51,176 1,776,185 SH SOLE 1,633,285 24,000 118,900
MARSH & MCLENNAN CO COMMON 571748102 2,017 18,291 SH SOLE 18,291 0
MASCO CORP COMMON 574599106 5,889 287,300 SH SOLE 235,500 51,800
MATSUSHITA ELEC IND ADR COMMON 576879209 168,513 556,151 SH SOLE 527,551 5,300 23,300
MATTEL INC COMMON 577081102 113,061 10,767,800 SH SOLE 10,027,400 101,200 639,200
MAY DEPT STORES CO COMMON 577778103 207,481 7,280,050 SH SOLE 6,806,050 64,500 409,500
MBIA INC COMMON 55262C100 10,084 193,700 SH SOLE 184,600 1,900 7,200
MC DONALDS CORP COMMON 580135101 478 12,816 SH SOLE 11,100 1,716
MC GRAW-HILL COMPANIES INC COMMON 580645109 673 14,800 SH SOLE 6,800 8,000
MEAD CORP COMMON 582834107 478 13,700 SH SOLE 13,700 0
MELLON FINANCIAL CORP COMMON 58551A108 5,047 169,660 SH SOLE 151,960 17,700
MERCANTILE BANKSHARES CORP COMMON 587405101 216 7,100 SH SOLE 7,100 0
MERCK & CO INC COMMON 589331107 9,751 156,972 SH SOLE 147,306 9,666
MERRILL LYNCH & CO INC COMMON 590188108 346 3,300 SH SOLE 3,300 0
MINNESOTA MINING & MFG CO COMMON 604059105 12,817 144,724 SH SOLE 135,886 8,838
MONSANTO COMPANY COMMON 611662107 11,947 231,988 SH SOLE 210,498 21,490
MORGAN (J P) & CO COMMON 616880100 15,452 117,286 SH SOLE 104,436 12,850
MORGAN STANLEY, DEAN WITTER & COMMON 617446448 220 2,656 SH SOLE 2,656 0
MOTOROLA INC COMMON 620076109 213,593 1,462,967 SH SOLE 1,362,667 11,100 89,200
NATIONAL SEMICONDUCTOR CORP COMMON 637640103 4,374 72,002 SH SOLE 65,002 7,000
NCR CORP COMMON 62886E108 268,529 6,692,320 SH SOLE 6,224,639 60,400 407,281
NEW CENTURY ENERGIES, INC COMMON 64352U103 446 14,842 SH SOLE 14,842 0
NEWELL RUBBERMAID INC COMMON 651229106 1,228 49,500 SH SOLE 49,500 0
NEWS CORP LTD PFD ORD ADR PFD 652487802 487,723 10,214,110 SH SOLE 9,771,410 100,100 342,600
NISOURCE INC COMMON 65473P105 570 33,800 SH SOLE 18,800 15,000
NORDSTROM INC COMMON 655664100 280,814 9,519,128 SH SOLE 8,889,878 84,300 544,950
NORFOLK SOUTHERN CORP COMMON 655844108 1,547 108,582 SH SOLE 107,382 1,200
NOVA CHEMICALS CORP COMMON 66977W109 26,559 1,362,026 SH SOLE 1,296,806 22,840 42,380
NUCOR CORP COMMON 670346105 200 4,000 SH SOLE 4,000 0
OCCIDENTAL PETROLEUM CORP COMMON 674599105 303,073 14,605,959 SH SOLE 13,619,959 134,600 851,400
OLD REPUBLIC INTERNATIONAL CO COMMON 680223104 209 15,200 SH SOLE 15,200 0
PACIFICARE HEALTH SYSTEMS COMMON 695112102 331 6,654 SH SOLE 6,654 0
PARKER-HANNIFIN CORP COMMON 701094104 1,517 36,735 SH SOLE 31,485 5,250
PENNEY (J C) CO COMMON 708160106 1,023 68,823 SH SOLE 65,423 3,400
PEPSICO INC COMMON 713448108 781 22,400 SH SOLE 22,400 0
PFIZER INC COMMON 717081103 5,731 156,766 SH SOLE 115,465 41,301
PG&E CORPORATION COMMON 69331C108 2,893 137,789 SH SOLE 132,617 5,172
PHARMACIA & UPJOHN, INC COMMON 716941109 419,986 7,058,603 SH SOLE 6,729,210 34,000 295,393
PHILIP MORRIS COMPANIES INC COMMON 718154107 1,890 89,475 SH SOLE 81,675 7,800
PHILLIPS PETROLEUM CO COMMON 718507106 275,982 5,967,180 SH SOLE 5,541,229 57,000 368,951
PNC FINANCIAL SERVICES GROUP COMMON 693475105 5,242 116,335 SH SOLE 111,435 4,900
PROCTER & GAMBLE CO COMMON 742718109 21,386 378,530 SH SOLE 346,895 31,635
PUBLIC SERVICE ENTERPRISE GRO COMMON 744573106 919 31,042 SH SOLE 842 30,200
QUANTUM CORP COMMON 747906204 508 42,600 SH SOLE 42,600 0
R R DONNELLEY & SONS CO COMMON 257867101 219,675 10,491,942 SH SOLE 9,735,762 101,300 654,880
RIO TINTO PLC-SPON ADR COMMON 767204100 277,276 3,891,604 SH SOLE 3,699,454 36,700 155,450
ROYAL DUTCH PETROLEUM CO COMMON 780257804 141,993 2,456,096 SH SOLE 2,342,196 18,800 95,100
SAFECO CORP COMMON 786429100 946 35,620 SH SOLE 35,620 0
SBC COMMUNICATIONS, INC COMMON 78387G103 9,421 223,664 SH SOLE 205,186 18,478
SCHERING-PLOUGH CORP COMMON 806605101 13,748 370,343 SH SOLE 361,167 9,176
SCHLUMBERGER LTD COMMON 806857108 158,702 2,074,542 SH SOLE 1,965,842 8,000 100,700
SEAGATE TECHNOLOGY COMMON 811804103 617 10,000 SH SOLE 10,000 0
SEALED AIR CORP COMMON 81211K100 331 6,109 SH SOLE 4,662 1,447
SEALED AIR CORP PFD S CV PRF 81211K209 303 5,841 SH SOLE 4,559 1,282
SEARS ROEBUCK & CO COMMON 812387108 1,785 58,306 SH SOLE 58,306 0
SEMPRA ENERGY INC COMMON 816851109 251 15,038 SH SOLE 15,038 0
SERVICEMASTER CO. COMMON 81760N109 139 12,375 SH SOLE 3,000 9,375
SIGMA-ALDRICH CORP COMMON 826552101 671 25,000 SH SOLE 25,000 0
SMITHKLINE BEECHAM PLC ADR'S COMMON 832378301 5,921 89,638 SH SOLE 68,588 21,050
SOLUTIA INC COMMON 834376105 317 23,711 SH SOLE 21,163 2,548
SONY CORP ADR COMMON 835699307 172,697 616,501 SH SOLE 578,151 4,800 33,550
ST PAUL COMPANIES INC COMMON 792860108 321,193 9,412,270 SH SOLE 8,686,236 98,900 627,134
STATE STREET CORP COMMON 857477103 1,734 17,900 SH SOLE 17,900 0
STORAGE TECHNOLOGY COMMON 862111200 129,632 8,133,826 SH SOLE 7,562,676 76,100 495,050
SUN MICROSYSTEMS INC COMMON 866810104 468 5,000 SH SOLE 5,000 0
SUNTRUST BANKS INC COMMON 867914103 376 6,516 SH SOLE 6,516 0
SUPERVALU INC COMMON 868536103 409 21,600 SH SOLE 21,600 0
SYSCO CORP COMMON 871829107 296 8,200 SH SOLE 8,200 0
TARGET CORP COMMON 87612E106 54,259 725,875 SH SOLE 639,875 86,000
TECO ENERGY INC COMMON 872375100 414 21,300 SH SOLE 18,600 2,700
TEMPLE INLAND INC COMMON 879868107 432 8,680 SH SOLE 8,680 0
TEXACO INC COMMON 881694103 892 16,612 SH SOLE 16,612 0
TEXAS INSTRUMENTS INC COMMON 882508104 44,438 277,741 SH SOLE 231,541 46,200
TEXAS UTILITIES CO COMMON 882848104 153,034 5,154,838 SH SOLE 4,793,043 47,700 314,095
THERMO ELECTRON COMMON 883556102 228,904 11,234,600 SH SOLE 10,490,050 120,000 624,550
THOMAS & BETTS CORP COMMON 884315102 211 7,500 SH SOLE 7,500 0
TIME WARNER INC COMMON 887315109 2,463 24,633 SH SOLE 24,633 0
TIMES MIRROR CO SERIES A COMMON 887364107 2,923 31,457 SH SOLE 29,324 2,133
TRANSOCEAN SEDCO FOREX INC COMMON G90078109 1,080 21,051 SH SOLE 18,443 2,607
TRW INC COMMON 872649108 221 3,788 SH SOLE 2,696 1,092
TYCO INTERNATIONAL LTD COMMON 902124106 381 7,606 SH SOLE 7,606 0
U S WEST INC COMMON 91273H101 538 7,414 SH SOLE 6,100 1,314
ULTRAPAR PARTICPACEOS SA COMMON 90400P101 158 14,400 SH SOLE 14,400 0
UNICOM CORP COMMON 904911104 834 22,870 SH SOLE 21,770 1,100
UNILEVER NV COMMON 904784709 99,138 2,060,014 SH SOLE 1,942,439 26,000 91,575
UNION CARBIDE CORP COMMON 905581104 162,680 2,789,800 SH SOLE 2,570,800 31,400 187,600
UNION PACIFIC CORP COMMON 907818108 427,255 10,920,264 SH SOLE 10,185,777 103,500 630,987
UNION PACIFIC RESOURCES GROUP COMMON 907834105 212,576 14,660,415 SH SOLE 13,678,928 141,363 840,124
UNIONBANCAL CORPORATION COMMON 908906100 329 11,970 SH SOLE 11,970 0
UNITED TECHNOLOGIES CORP COMMON 913017109 2,847 45,069 SH SOLE 38,653 6,416
UNOCAL CORP COMMON 915289102 296,873 9,978,956 SH SOLE 9,297,906 104,400 576,650
UNOVA, INC. COMMON 91529B106 43,751 3,240,883 SH SOLE 3,045,183 37,100 158,600
UNUMPROVIDENT CORP COMMON 91529Y106 486 28,700 SH SOLE 28,700
V F CORP COMMON 918204108 122,867 5,106,200 SH SOLE 4,771,700 47,000 287,500
VITESSE SEMICONDUCTOR COMMON 928497106 654 6,796 SH SOLE 6,796 0
VODAFONE AIRTOUCH PLC ADS COMMON 92857T107 388 7,000 SH SOLE 5,000 2,000
WAL-MART STORES INC COMMON 931142103 551 9,768 SH SOLE 9,768 0
WALT DISNEY CO COMMON 254687106 1,327 32,171 SH SOLE 20,376 11,795
WASHINGTON MUTUAL INC COMMON 939322103 446 16,834 SH SOLE 16,834 0
WELLPOINT HEALTH NETWORKS INC COMMON 94973H108 154,252 2,207,550 SH SOLE 2,060,900 23,400 123,250
WELLS FARGO & CO COMMON 949746101 304,092 7,462,400 SH SOLE 6,861,380 72,900 528,120
WESTERN RESOURCES INC COMMON 959425109 981 62,045 SH SOLE 60,045 2,000
WESTVACO CORP COMMON 961548104 523 15,700 SH SOLE 15,700 0
WEYERHAEUSER CO COMMON 962166104 284,228 4,986,466 SH SOLE 4,616,101 51,900 318,465
WHIRLPOOL CORP COMMON 963320106 329,011 5,612,133 SH SOLE 5,229,233 53,700 329,200
WILLAMETTE INDUSTRIES INC COMMON 969133107 482 12,016 SH SOLE 12,016 0
WISCONSIN ENERGY CORP COMMON 976657106 119,503 5,993,928 SH SOLE 5,581,078 59,200 353,650
XEROX CORP COMMON 984121103 360,621 13,870,071 SH SOLE 12,964,571 131,800 773,700
</TABLE>
