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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 6,730,028 181,661 SOLE 181,661 0
ALASKA AIR GROUP INC. COM 011659109 2,111,679 52,755 SOLE 52,755 0
ALBERTSONS INC COM 013104104 4,773,292 120,971 SOLE 120,971 0
ALLTEL CORP. COM 020039103 6,380,567 87,543 SOLE 87,543 0
AMERICAN ELECTRIC POWER COM 025537101 1,360,447 37,708 SOLE 37,708 0
AMERICAN EXPRESS COM 025816109 12,044,560 86,528 SOLE 86,528 0
AMERICAN HOME PRODUCTS CORP. COM 026609107 5,124,835 131,566 SOLE 131,566 0
AMERICAN INT'L GROUP COM 026874107 10,058,555 112,630 SOLE 112,630 0
AMGEN INC. COM 031162100 8,717,236 109,787 SOLE 109,787 0
ATLANTIC RICHFIELD COMPANY COM 048825103 8,449,747 94,080 SOLE 94,080 0
AUTOMATIC DATA PROCESSING COM 053015103 8,353,652 181,986 SOLE 181,986 0
BP AMOCO PLC - ADR COM 055622104 3,189,715 29,217 SOLE 29,217 0
BRE PROPERTIES, INC. COM 05564E106 6,576,273 271,040 SOLE 271,040 0
BANCO SANTANDER CEN - SPON ADR COM 05964H105 176,845 17,119 SOLE 17,119 0
BANK ONE CORP COM 06423A103 1,336,800 38,400 SOLE 38,400 0
BAXTER INTERNATIONAL COM 071813109 1,245,471 20,625 SOLE 20,625 0
BELL ATLANTIC CORP. COM 077853109 3,749,535 55,731 SOLE 55,731 0
BEST FOODS COM 08658U101 216,103 4,450 SOLE 4,450 0
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 2,802,816 41,746 SOLE 41,746 0
CAMDEN PROPERTY TRUST COM 133131102 2,817,396 104,642 SOLE 104,642 0
CARNIVAL CORP - CL A COM 143658102 9,580,139 216,122 SOLE 216,122 0
CATERPILLAR INC COM 149123101 2,927,467 53,436 SOLE 53,436 0
CENTURYTEL INC COM 156700106 13,268,040 312,538 SOLE 312,538 0
CHEVRON CORP. COM 166751107 2,775,413 31,274 SOLE 31,274 0
CISCO SYSTEMS INC COM 17275R102 2,079,073 30,290 SOLE 30,290 0
COCA COLA COMPANY COM 191216100 1,273,622 26,365 SOLE 26,365 0
COMPUTER SCIENCES CORP COM 205363104 2,470,896 34,337 SOLE 34,337 0
CONAGRA INC. COM 205887102 3,561,247 157,835 SOLE 157,835 0
CONSOLIDATED NATURAL GAS COM 209615103 3,366,432 53,892 SOLE 53,892 0
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 200,790 12,501 SOLE 12,501 0
WALT DISNEY COMPANY COM 254687106 2,055,432 78,564 SOLE 78,564 0
DOW CHEMICAL COM 260543103 391,438 3,445 SOLE 3,445 0
DU PONT E I DE NEMOURS CO COM 263534109 14,163 275 SOLE 275 0
EASTMAN KODAK CO COM 277461109 3,609,550 47,753 SOLE 47,753 0
ELECTRONIC DATA SYSTEMS CORP COM 285661104 7,461,328 133,875 SOLE 133,875 0
EMERSON ELECTRIC CO COM 291011104 4,202,636 67,581 SOLE 67,581 0
EQUITY RESIDENTIAL PROPS TRUST COM 29476L107 1,668,056 39,362 SOLE 39,362 0
EXXON CORPORATION COM 302290101 849,967 10,856 SOLE 10,856 0
FANNIE MAE COM 313586109 7,951,429 124,853 SOLE 124,853 0
FEDERAL NAT MORTGAGE ASSN COM 313586109 391,486 6,270 SOLE 6,270 0
FIRST UNION CORP COM 337358105 4,865,831 156,194 SOLE 156,194 0
FLEET BOSTON FINANCIAL GROUP COM 338915101 9,826,853 266,181 SOLE 266,181 0
FLETCHER CHAL FORESTS - SP ADR COM 339324402 81,069 19,075 SOLE 19,075 0
FORD MOTOR CO COM 345370100 3,349,771 105,859 SOLE 105,859 0
GTE CORPORATION COM 362320103 8,131,992 104,794 SOLE 104,794 0
GANNETT COMPANY COM 364730101 6,697,091 93,463 SOLE 93,463 0
GAP, INC. COM 364760108 2,430,645 74,100 SOLE 74,100 0
GENERAL ELECTRIC COM 369604103 2,132,372 17,971 SOLE 17,971 0
GENERAL MILLS CO COM 370334104 212,548 2,620 SOLE 2,620 0
GENERAL MOTORS CORP. COM 370442105 2,155,414 73,608 SOLE 73,608 0
GENTEX CORP. COM 371901109 1,284,406 62,180 SOLE 62,180 0
GILLETTE COMPANY COM 375766102 4,951,094 133,850 SOLE 133,850 0
GOODYEAR TIRE & RUBBER CO COM 382550101 453,457 9,460 SOLE 9,460 0
HARRAH'S ENTERTAINMENT INC. COM 413619107 1,749,776 63,055 SOLE 63,055 0
HEINZ H.J. COMPANY COM 423074103 9,452,106 218,158 SOLE 218,158 0
HERSHEY FOODS CORP COM 427866108 2,403,769 47,721 SOLE 47,721 0
INTEL CORP COM 458140100 11,011,455 144,889 SOLE 144,889 0
INT'L FLAVORS & FRAGRANCES COM 459506101 774,244 22,377 SOLE 22,377 0
JOHNSON & JOHNSON COM 478160104 6,924,338 73,948 SOLE 73,948 0
KEMET CORP COM 488360108 1,565,032 48,230 SOLE 48,230 0
KIMBERLY-CLARK CORP COM 494368103 236,478 4,483 SOLE 4,483 0
LINCOLN NATIONAL CORP COM 534187109 4,473,243 116,158 SOLE 116,158 0
LUCENT TECHNOLOGIES INC COM COM 549463107 7,875 105 SHARED 0 105
MCI WORLDCOM INC COM 55268B106 8,043,652 113,566 SOLE 113,566 0
MELLON BANK CORP COM 585509102 1,211,069 36,014 SOLE 36,014 0
MERCK & COMPANY COM 589331107 7,955,192 120,698 SOLE 120,698 0
MINNESOTA MINING & MFG. CO COM 604059105 10,240,317 105,172 SOLE 105,172 0
MOBIL CORP. COM 607059102 6,773,256 66,044 SOLE 66,044 0
J.P. MORGAN & COMPANY COM 616880100 2,808,538 24,570 SOLE 24,570 0
NATIONAL CITY CORP COM 635405103 1,409,936 50,293 SOLE 50,293 0
NORFOLK SOUTHERN CORP COM 655844108 3,299,088 134,775 SOLE 134,775 0
PPG INDUSTRIES INC COM 693506107 7,891,871 129,580 SOLE 129,580 0
PNC BANK CORP COM 693475105 8,950,292 169,300 SOLE 169,300 0
PEPSICO, INC. COM 713448108 6,481,779 205,596 SOLE 205,596 0
PHARMACIA & UPJOHN, INC. COM 716941109 8,993,837 179,695 SOLE 179,695 0
PHILIP MORRIS COS INC COM 718154107 4,725,894 138,234 SOLE 138,234 0
PROCTER & GAMBLE COM 742718109 244,852 2,605 SOLE 2,605 0
SCHLUMBERGER LTD COM 806857108 836,817 14,080 SOLE 14,080 0
SEARS ROEBUCK & CO COM 812387108 2,774,230 88,432 SOLE 88,432 0
SERVICEMASTER COMPANY COM 81760N109 1,005,263 62,658 SOLE 62,658 0
SNAP ON, INC. COM 833034101 7,162,969 220,196 SOLE 220,196 0
TEXAS INSTRUMENTS COM 882508104 5,315,729 55,014 SOLE 55,014 0
TRANSOCEAN SEDCO FOREX INC COM 690078109 512,649 15,218 SOLE 15,218 0
VOLKSWAGEN AGA SPONSORED ADR COM 928662303 117,202 10,535 SOLE 10,535 0
WENDY'S INTERNATIONAL INC COM 950590109 5,502,347 208,138 SOLE 208,138 0
WEYERHAEUSER CO. COM 962166104 256,431 4,450 SOLE 4,450 0
XEROX CORP COM 984121103 5,751,233 134,687 SOLE 134,687 0
TRANSOCEAN OFFSHORE INC COM G90076103 6,345,889 200,942 SOLE 200,942 0
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