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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 4,157,231 116,755 SOLE 116,755 0 0
ALASKA AIR GROUP INC. COM 011659109 1,195,595 38,858 SOLE 38,858 0 0
ALBERTSONS INC COM 013104104 6,888,121 217,410 SOLE 217,410 0 0
ALCATEL COM 013904305 607,271 13,573 SOLE 13,573 0 0
ALLTEL CORP. COM 020039103 5,180,986 80,219 SOLE 80,219 0 0
AMERICAN ELECTRIC POWER COM 025537101 506,851 16,968 SOLE 16,968 0 0
AMERICAN EXPRESS COM 025816109 11,306,550 74,985 SOLE 74,985 0 0
AMERICAN HOME PRODUCTS CORP. COM 026609107 5,005,864 90,860 SOLE 90,860 0 0
AMERICAN INT'L GROUP COM 026874107 11,418,696 103,229 SOLE 103,229 0 0
AMGEN INC. COM 031162100 4,252,043 68,159 SOLE 68,159 0 0
ASIA PULP & PAPER - SPON ADR COM 04516V100 118,996 16,135 SOLE 16,135 0 0
ATLANTIC RICHFIELD COMPANY COM 048825103 5,869,487 67,394 SOLE 67,394 0 0
AUTOMATIC DATA PROCESSING COM 053015103 8,490,684 173,211 SOLE 173,211 0 0
BP AMOCO PLC - ADR COM 055622104 2,776,904 52,046 SOLE 52,046 0 0
BRE PROPERTIES, INC. COM 05564E106 4,959,473 186,897 SOLE 186,897 0 0
BANCO SANTANDER CEN - SPON ADR COM 05964H105 246,724 22,951 SOLE 22,951 0 0
BANK ONE CORP COM 06423A103 422,622 12,293 SOLE 12,293 0 0
BAXTER INTERNATIONAL COM 071813109 1,526,763 24,355 SOLE 24,355 0 0
BELL ATLANTIC CORP. COM 077853109 2,043,272 33,417 SOLE 33,417 0 0
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 2,865,778 49,410 SOLE 49,410 0 0
CABLE & WIRELESS PLC-SPONS ADR COM 126830207 626,528 11,188 SOLE 11,188 0 0
CAMDEN PROPERTY TRUST COM 133131102 2,563,420 94,728 SOLE 94,728 0 0
CARNIVAL CORP - CL A COM 143658102 3,665,141 142,287 SOLE 142,287 0 0
CATERPILLAR INC COM 149123101 980,290 24,817 SOLE 24,817 0 0
CENTURYTEL INC COM 156700106 10,545,518 279,315 SOLE 279,315 0 0
CHEVRON CORP. COM 166751107 1,640,035 17,745 SOLE 17,745 0 0
CISCO SYSTEMS INC COM 17275R102 4,624,680 59,818 SOLE 59,818 0 0
COCA COLA CO COM 191216100 7,088 151 SOLE 151 0 0
COMPUTER SCIENCES CORP COM 205363104 4,591,304 56,721 SOLE 56,721 0 0
CONAGRA INC. COM 205887102 1,470,601 81,074 SOLE 81,074 0 0
DELL COMPUTER CORP. COM 247025109 6,280,722 114,251 SOLE 114,251 0 0
DIAGEO PLC SPON ADR COM 25243Q205 289,803 9,620 SOLE 9,620 0 0
WALT DISNEY COMPANY COM 254687106 2,669,624 65,130 SOLE 65,130 0 0
DOW CHEMICAL COM 260543103 279,300 2,450 SOLE 2,450 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 1,095,064 20,673 SOLE 20,673 0 0
EASTMAN KODAK CO COM 277461109 1,087,353 19,985 SOLE 19,985 0 0
ELECTRONIC DATA SYSTEMS CORP COM 285661104 7,674,710 117,269 SOLE 117,269 0 0
EMERSON ELECTRIC CO COM 291011104 6,294,732 116,131 SOLE 116,131 0 0
EQUITY RESIDENTIAL PROPS TRUST COM 29476L107 741,695 18,450 SOLE 18,450 0 0
EXXON MOBIL CORP. COM 30231G102 5,685,284 71,055 SOLE 71,055 0 0
FEDERAL NAT MORTGAGE ASSN COM 313586109 470,005 8,096 SOLE 8,096 0 0
FANNIE MAE COM 313586109 6,939,468 119,994 SOLE 119,994 0 0
FIRST UNION CORP COM 337358105 2,022,503 54,295 SOLE 54,295 0 0
FLEET BOSTON FINANCIAL CORP COM 339030108 8,141,367 222,101 SOLE 222,101 0 0
FLETCHER CHAL FORESTS - SP ADR COM 339324402 130,763 47,550 SOLE 47,550 0 0
FORD MOTOR CO COM 345370100 909,628 19,791 SOLE 19,791 0 0
GTE CORPORATION COM 362320103 6,522,518 89,864 SOLE 89,864 0 0
GANNETT COMPANY COM 364730101 5,904,283 81,969 SOLE 81,969 0 0
GAP, INC. COM 364760108 3,557,659 71,970 SOLE 71,970 0 0
GENERAL ELECTRIC COM 369604103 2,976,109 19,124 SOLE 19,124 0 0
GENERAL MOTORS CORP. COM 370442105 1,290,245 15,580 SOLE 15,580 0 0
GENTEX CORP. COM 371901109 1,796,234 48,465 SOLE 48,465 0 0
GILLETTE COMPANY COM 375766102 6,476,512 169,229 SOLE 169,229 0 0
GOODYEAR TIRE & RUBBER CO COM 382550101 297,817 12,775 SOLE 12,775 0 0
HEINZ H.J. COMPANY COM 423074103 6,741,485 189,791 SOLE 189,791 0 0
HERSHEY FOODS CORP COM 427866108 2,323,336 45,594 SOLE 45,594 0 0
HITACHI LTD ADR COM 433578507 466,782 3,830 SOLE 3,830 0 0
INTEL CORP COM 458140100 17,392,798 130,073 SOLE 130,073 0 0
INTL BUSINESS MACHINES COM 459200101 8,520,507 71,107 SOLE 71,107 0 0
INTL FLAVORS & FRAGRANCES COM 459506101 14,145 410 SOLE 410 0 0
JOHNSON & JOHNSON COM 478160104 4,608,004 63,742 SOLE 63,742 0 0
KONINKLIJKE AHOLD NV-SPONS ADR COM 500467303 254,685 9,611 SOLE 9,611 0 0
KONINKLIJKE PHILIPS ELECTRONIC COM 500472204 247,119 1,443 SOLE 1,443 0 0
LINCOLN NATIONAL CORP COM 534187109 3,611,173 104,726 SOLE 104,726 0 0
LUCENT TECHNOLOGIES INC. COM 549463107 220,924 3,563 SOLE 3,563 0 0
MCI WORLDCOM INC COM 55268B106 8,494,185 183,720 SOLE 183,720 0 0
MELLON FINANCIAL CORP COM 58551A108 558,919 18,787 SOLE 18,787 0 0
MERCK & COMPANY COM 589331107 4,624,964 73,322 SOLE 73,322 0 0
MICROSOFT CORP COM 59418104 1,972,850 18,568 SOLE 18,568 0 0
MINNESOTA MINING & MFG. CO COM 604059105 7,395,310 82,009 SOLE 82,009 0 0
J.P. MORGAN & COMPANY COM 616880100 1,289,930 9,796 SOLE 9,796 0 0
NATIONAL CITY CORP COM 635405103 1,658,688 75,495 SOLE 75,495 0 0
NIPPON TELEGRAPH & TELEPHONE S COM 654624105 486,273 6,170 SOLE 6,170 0 0
NOKIA CORP - SPONS ADR COM 654902204 383,505 1,728 SOLE 1,728 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,054,445 73,820 SOLE 73,820 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 6,455,611 140,174 SOLE 140,174 0 0
PPG INDUSTRIES INC COM 693506107 5,888,407 110,437 SOLE 110,437 0 0
PEPSICO, INC. COM 713448108 6,762,513 189,833 SOLE 189,833 0 0
PHARMACIA & UPJOHN, INC. COM 716941109 8,658,565 143,164 SOLE 143,164 0 0
PITNEY-BOWES, INC. COM 724479100 1,564,895 34,975 SOLE 34,975 0 0
PORTUGAL TELECOM SA - SPONS AD COM 737273102 196,762 15,820 SOLE 15,820 0 0
PROCTER & GAMBLE COM 742718109 862,023 15,190 SOLE 15,190 0 0
SBC COMMUNICATIONS INC. COM 78387G103 376,345 8,934 SOLE 8,934 0 0
SCHLUMBERGER LTD COM 806857108 934,639 12,218 SOLE 12,218 0 0
SERVICEMASTER COMPANY COM 81760N109 490,351 42,963 SOLE 42,963 0 0
SNAP ON, INC. COM 833034101 5,640,703 209,220 SOLE 209,220 0 0
TELEFONICA SA - SPON ADR COM 879382208 324,655 4,365 SOLE 4,365 0 0
TEXAS INSTRUMENTS COM 882508104 10,153,714 62,791 SOLE 62,791 0 0
VIVENDI SP ADR COM 92851S105 648,313 27,885 SOLE 27,885 0 0
WENDY'S INTERNATIONAL INC COM 950590109 4,006,768 192,620 SOLE 192,620 0 0
TRANSOCEAN SEDCO FOREX INC COM G90078109 11,045,927 213,832 SOLE 213,832 0 0
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