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FORM 13F INFORMATION TABLE
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
SHARES OR INVEST DISCRET (-------VOTING AUTHORITY-------)
FAIR MARKET PRINCIPAL SOLE OTHER (S H A R E S)
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE AMOUNT SHRD MGRS (A)SOLE (B)SHARED (C)NONE
- -------------- -------------- ------- ---------- -------- ----- ----- --------------------------------
ABBOTT LABS COM 002824100 6,290,424 169,555 SOLE 169,555 0 0
ALASKA AIR GROUP INC. COM 011659109 1,891,972 46,500 SOLE 46,500 0 0
ALBERTSONS INC COM 013104104 4,307,150 106,517 SOLE 106,517 0 0
ALLTEL CORP. COM 020039103 5,690,619 79,199 SOLE 79,199 0 0
AMERICAN ELECTRIC POWER COM 025537101 1,318,042 36,388 SOLE 36,388 0 0
AMERICAN EXPRESS COM 025816109 10,965,930 80,040 SOLE 80,040 0 0
AMERICAN HOME PRODUCTS CORP. COM 026609107 4,682,173 120,288 SOLE 120,288 0 0
AMERICAN INT'L GROUP COM 026874107 9,223,289 104,905 SOLE 104,905 0 0
AMGEN INC. COM 031162100 8,071,679 99,039 SOLE 99,039 0 0
ATLANTIC RICHFIELD COMPANY COM 048825103 7,895,628 87,674 SOLE 87,674 0 0
AUTOMATIC DATA PROCESSING COM 053015103 7,684,308 169,562 SOLE 169,562 0 0
BP AMOCO PLC - ADR COM 055622104 3,134,554 28,287 SOLE 28,287 0 0
BRE PROPERTIES, INC. COM 05564E106 6,144,430 252,006 SOLE 252,006 0 0
BANCO SANTANDER CEN - SPON ADR COM 05964H105 174,250 16,897 SOLE 16,897 0 0
BANK ONE CORP COM 06423A103 1,336,800 38,400 SOLE 38,400 0 0
BAXTER INTERNATIONAL COM 071813109 1,176,691 19,530 SOLE 19,530 0 0
BELL ATLANTIC CORP. COM 077853109 3,729,773 55,410 SOLE 55,410 0 0
BEST FOODS COM 08658U101 216,103 4,450 SOLE 4,450 0 0
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 2,511,402 37,206 SOLE 37,206 0 0
CAMDEN PROPERTY TRUST COM 133131102 2,654,364 98,767 SOLE 98,767 0 0
CARNIVAL CORP - CL A COM 143658102 8,914,868 202,208 SOLE 202,208 0 0
CATERPILLAR INC COM 149123101 2,918,525 53,246 SOLE 53,246 0 0
CENTURYTEL INC COM 156700106 12,234,934 290,731 SOLE 290,731 0 0
CHEVRON CORP. COM 166751107 2,769,349 31,204 SOLE 31,204 0 0
CISCO SYSTEMS INC COM 17275R102 2,072,645 30,230 SOLE 30,230 0 0
COCA COLA COMPANY COM 191216100 1,264,826 26,214 SOLE 26,214 0 0
COMPUTER SCIENCES CORP COM 205363104 2,250,703 32,010 SOLE 32,010 0 0
CONAGRA INC. COM 205887102 3,544,231 157,085 SOLE 157,085 0 0
CONSOLIDATED NATURAL GAS COM 209615103 3,241,426 51,967 SOLE 51,967 0 0
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 200,790 12,501 SOLE 12,501 0 0
WALT DISNEY COMPANY COM 254687106 1,940,479 74,634 SOLE 74,634 0 0
DOW CHEMICAL COM 260543103 391,438 3,445 SOLE 3,445 0 0
EASTMAN KODAK CO COM 277461109 3,597,293 47,568 SOLE 47,568 0 0
ELECTRONIC DATA SYSTEMS CORP COM 285661104 6,702,653 122,541 SOLE 122,541 0 0
EMERSON ELECTRIC CO COM 291011104 3,722,062 59,205 SOLE 59,205 0 0
EQUITY RESIDENTIAL PROPS TRUST COM 29476L107 1,657,427 39,113 SOLE 39,113 0 0
EXXON CORPORATION COM 302290101 410,174 5,397 SOLE 5,397 0 0
FANNIE MAE COM 313586109 7,689,189 120,653 SOLE 120,653 0 0
FIRST UNION CORP COM 337358105 4,794,191 154,019 SOLE 154,019 0 0
FLEET FINANCIAL GROUP INC COM 338915101 9,253,170 249,702 SOLE 249,702 0 0
FLETCHER CHAL FORESTS - SP ADR COM 339324402 81,069 19,075 SOLE 19,075 0 0
FORD MOTOR CO COM 345370100 3,349,771 105,859 SOLE 105,859 0 0
GTE CORPORATION COM 362320103 7,544,484 96,468 SOLE 96,468 0 0
GANNETT COMPANY COM 364730101 5,945,162 84,244 SOLE 84,244 0 0
GAP, INC. COM 364760108 2,235,283 69,853 SOLE 69,853 0 0
GENERAL ELECTRIC COM 369604103 2,125,408 17,926 SOLE 17,926 0 0
GENERAL MILLS CO COM 370334104 212,548 2,620 SOLE 2,620 0 0
GENERAL MOTORS CORP. COM 370442105 2,139,422 73,388 SOLE 73,388 0 0
GENTEX CORP. COM 371901109 1,284,406 62,180 SOLE 62,180 0 0
GILLETTE COMPANY COM 375766102 4,450,495 121,696 SOLE 121,696 0 0
GOODYEAR TIRE & RUBBER CO COM 382550101 450,931 9,370 SOLE 9,370 0 0
HARRAH'S ENTERTAINMENT INC. COM 413619107 1,749,776 63,055 SOLE 63,055 0 0
HEINZ H.J. COMPANY COM 423074103 8,854,872 203,157 SOLE 203,157 0 0
HERSHEY FOODS CORP COM 427866108 2,173,506 42,867 SOLE 42,867 0 0
INTEL CORP COM 458140100 10,133,422 134,222 SOLE 134,222 0 0
INT'L FLAVORS & FRAGRANCES COM 459506101 747,342 21,662 SOLE 21,662 0 0
JOHNSON & JOHNSON COM 478160104 6,256,854 66,790 SOLE 66,790 0 0
KEMET CORP COM 488360108 1,485,270 46,460 SOLE 46,460 0 0
KIMBERLY-CLARK CORP COM 494368103 236,478 4,483 SOLE 4,483 0 0
LINCOLN NATIONAL CORP COM 534187109 4,163,003 108,400 SOLE 108,400 0 0
MCI WORLDCOM INC COM 55268B106 7,388,802 101,225 SOLE 97,855 0 0
MELLON BANK CORP COM 585509102 1,202,553 35,764 SOLE 35,764 0 0
MERCK & COMPANY COM 589331107 7,639,476 115,999 SOLE 115,999 0 0
MINNESOTA MINING & MFG. CO COM 604059105 9,525,830 97,872 SOLE 97,872 0 0
MOBIL CORP. COM 607059102 6,773,256 66,044 SOLE 66,044 0 0
J.P. MORGAN & COMPANY COM 616880100 2,794,609 24,460 SOLE 24,460 0 0
NATIONAL CITY CORP COM 635405103 1,189,330 40,980 SOLE 40,980 0 0
NORFOLK SOUTHERN CORP COM 655844108 3,284,225 134,050 SOLE 134,050 0 0
PPG INDUSTRIES INC COM 693506107 7,392,806 121,603 SOLE 121,603 0 0
PNC BANK CORP COM 693475105 8,390,392 156,718 SOLE 156,718 0 0
PEPSICO, INC. COM 713448108 5,795,953 186,140 SOLE 186,140 0 0
PHARMACIA & UPJOHN, INC. COM 716941109 8,670,017 172,499 SOLE 172,499 0 0
PHILIP MORRIS COS INC COM 718154107 4,725,894 138,234 SOLE 138,234 0 0
PROCTER & GAMBLE COM 742718109 240,469 2,565 SOLE 2,565 0 0
SCHLUMBERGER LTD COM 806857108 771,404 12,380 SOLE 12,380 0 0
SEARS ROEBUCK & CO COM 812387108 2,764,358 88,107 SOLE 88,107 0 0
SERVICEMASTER COMPANY COM 81760N109 1,001,397 62,344 SOLE 62,344 0 0
SNAP ON, INC. COM 833034101 6,607,112 199,270 SOLE 199,270 0 0
VOLKSWAGEN AGA SPONSORED ADR COM 928662303 117,202 10,535 SOLE 10,535 0 0
WENDY'S INTERNATIONAL INC COM 950590109 5,125,882 190,050 SOLE 190,050 0 0
WEYERHAEUSER CO. COM 962166104 256,431 4,450 SOLE 4,450 0 0
XEROX CORP COM 984121103 5,751,233 134,687 SOLE 134,687 0 0
TRANSOCEAN OFFSHORE INC COM G90076103 6,003,553 190,489 SOLE 190,489 0 0
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