<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/99
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: LUTHER KING CAPITAL MANAGEMENT CORPORATION
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Address: 501 COMMERCE, SUITE 1600
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FORT WORTH, TX 76102
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13F File Number: 28-1071
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: BARBARA GARCIA
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Title: TREASURER
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Phone: 817-332-3235
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Signature, Place, and Date of Signing:
/s/ BARBARA GARCIA FORT WORTH, TX 5/12/99
- -------------------------------- ---------------------------- ----------
[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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
<TABLE>
<CAPTION>
13F File Number Name
<S> <C>
28-__________________ ______________________________________________
</TABLE>
<PAGE> 2
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: ______________
Form 13F Information Table Entry Total: ______________
Form 13F Information Table Value Total: $______________
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 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.]
<TABLE>
<CAPTION>
No. 13F File Number Name
<S> <C> <C>
____ 28-____________ ________________________________
</TABLE>
<PAGE> 3
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMR CORPORATION COMMON 001765106 363 6200 SH SOLE 0 6200 0
AMERICAN TEL & TELEG CO COMMON 001957109 592 7417 SH SOLE 0 7417 0
ABBOTT LABORATORIES COMMON 002824100 2067 44159 SH SOLE 0 44159 0
ACE CASH EXPRESS INC COMMON 004403101 472 37000 SH SOLE 0 37000 0
ADAPTEC INC COMMON 00651F108 3764 165000 SH SOLE 0 165000 0
AIRTOUCH COMMUNICATNS COMMON 00949T100 6602 68328 SH SOLE 0 68328 0
ALLTEL CORPORATION COMMON 020039103 118000 1891791 SH SOLE 0 1891791 0
AMERICAN EXPRESS CO COMMON 025816109 418 3549 SH SOLE 0 3549 0
AMERICAN GENERAL CORP COMMON 026351106 61461 871793 SH SOLE 0 871793 0
AMERICAN HERITAGE LIFE I COMMON 026522102 2798 120000 SH SOLE 0 120000 0
AMERICAN HOME PRODS CORP COMMON 026609107 30735 471040 SH SOLE 0 471040 0
AMERICAN INTL GROUP INC COMMON 026874107 19412 160933 SH SOLE 0 160933 0
AMERICREDIT CORP COMMON 03060R101 656 50000 SH SOLE 0 50000 0
AMERUS LIFE HLDGS INC COMMON 030732101 3627 151123 SH SOLE 0 151123 0
ANADARKO PETROLEUM CORP COMMON 032511107 5832 154500 SH SOLE 0 154500 0
ANHEUSER BUSCH COS INC COMMON 035229103 274 3600 SH SOLE 0 3600 0
ANTEC CORP COMMON 03664P105 430 20000 SH SOLE 0 20000 0
ARMANINO FOODS DISTINCTI COM NO PAR 99 042166702 564 220000 SH SOLE 0 220000 0
ASSOCIATES FIRST CAP COR CL A 046008108 49886 1108578 SH SOLE 0 1108578 0
ASTORIA FINL CORP COMMON 046265104 2400 48000 SH SOLE 0 48000 0
ATLANTIC GULF COMMUNITIE COMMON 048556104 370 217662 SH SOLE 0 217662 0
ATLANTIC GULF COMMUNITIE *W EXP 6/23/200 048556104 63 36804 SOLE 0 36804 0
ATLANTIC GULF COMMUNITIE *W EXP 6/23/200 048556104 63 36804 SOLE 0 36804 0
ATLANTIC GULF COMMUNITIE *W EXP 6/23/200 048556104 63 36804 SOLE 0 36804 0
ATLANTIC GULF COMMUNITIE PFD B CV 20%NO 048556203 469 55206 SH SOLE 0 55206 0
ATLANTIC GULF COMM CORP CLASS B WARRANTS 048556104 40 23334 SOLE 0 23334 0
ATLANTIC GULF COMM CORP SERIES B CONV PF 048556922 298 35000 SH SOLE 0 35000 0
ATLANTIC GULF COMM CORP CLASS C WARRANTS 048556104 40 23332 SOLE 0 23332 0
ATLANTIC GULF COMM CORP CLASS A WARRANTS 048556104 40 23334 SOLE 0 23334 0
ATLANTIC RICHFIELD CO COMMON 048825103 17471 238916 SH SOLE 0 238916 0
AZTEC MANUFACTURING CO COMMON 054825104 1122 135000 SH SOLE 0 135000 0
BJ SVCS CO COMMON 055482103 419 18000 SH SOLE 0 18000 0
BP AMOCO P L C DEPOSITORY RECEI 055622104 42812 423883 SH SOLE 0 423883 0
BMC SOFTWARE INC COMMON 055921100 7728 208500 SH SOLE 0 208500 0
BAKER HUGHES INC COMMON 057224107 5627 231450 SH SOLE 0 231450 0
BANK ONE CORP COMMON 06423A103 248 4500 SH SOLE 0 4500 0
BANKAMERICA CORP NEW COMMON 06605F102 5897 83492 SH SOLE 0 83492 0
C R BARD INC COMMON 067383109 8297 164500 SH SOLE 0 164500 0
BASIN EXPL INC COMMON 070107107 486 35000 SH SOLE 0 35000 0
BAXTER INTERNATIONAL INC COMMON 071813109 2122 32149 SH SOLE 0 32149 0
BAYARD DRILLING TECHNOLO COMMON 072700107 2913 466100 SH SOLE 0 466100 0
BELL & HOWELL CO COMMON 077852101 1173 40000 SH SOLE 0 40000 0
A H BELO CORPORATION COM SER A 080555105 52407 2871609 SH SOLE 0 2871609 0
BERKSHIRE HATHAWAY INC D CL A 084670108 857 12 SH SOLE 0 12 0
BLANCH E W HLDGS INC COMMON 093210102 3074 58550 SH SOLE 0 58550 0
H & R BLOCK INC COMMON 093671105 17131 361599 SH SOLE 0 361599 0
BLOUNT INTL INC CL A 095177101 18246 631900 SH SOLE 0 631900 0
BOEING COMPANY COMMON 097023105 529 15550 SH SOLE 0 15550 0
BOISE CASCADE CORP COMMON 097383103 737 22850 SH SOLE 0 22850 0
BOISE CASCADE OFFICE PRO COMMON 097403109 4118 370200 SH SOLE 0 370200 0
BORDERS GROUP INC COMMON 099709107 2107 149845 SH SOLE 0 149845 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1536 94500 SH SOLE 0 94500 0
BRINKER INTERNATL INC COMMON 109641100 340 13122 SH SOLE 0 13122 0
BRISTOL-MYERS SQUIBB CO COMMON 110122108 3790 59100 SH SOLE 0 59100 0
TOM BROWN INC COM NEW 115660201 2765 228000 SH SOLE 0 228000 0
BROWNING FERRIS INDS COMMON 115885105 15884 411910 SH SOLE 0 411910 0
BURLINGTON RESOURCES INC COMMON 122014103 5450 136467 SH SOLE 0 136467 0
CBS CORP COMMON 12490K107 29901 732650 SH SOLE 0 732650 0
CFSB BANCORP COMMON 124927104 680 27196 SH SOLE 0 27196 0
CDW COMPUTER CTRS INC COMMON 125129106 2208 32000 SH SOLE 0 32000 0
CE FRANKLIN LTD COMMON 125151100 42 18000 SH SOLE 0 18000 0
CIT GROUP INC CL A 125577106 42004 1374350 SH SOLE 0 1374350 0
CNA SURETY CORP COMMON 12612L108 3812 308000 SH SOLE 0 308000 0
CABOT OIL & GAS CORP CL A 127097103 866 60000 SH SOLE 0 60000 0
CAPROCK COMMUNICATIONS C COMMON 140667106 195 10000 SH SOLE 0 10000 0
CARBO CERAMICS INC COMMON 140781105 1514 70000 SH SOLE 0 70000 0
CARDINAL HEALTH INC COMMON 14149Y108 23012 348674 SH SOLE 0 348674 0
CAREER EDUCATION CORP COMMON 141665109 2562 74000 SH SOLE 0 74000 0
CARMIKE CINEMAS INC CL A 143436103 6271 347200 SH SOLE 0 347200 0
CENTEX CORPORATION COMMON 152312104 11681 350000 SH SOLE 0 350000 0
CENTEX CONSTRUCTION PROD COMMON 15231R109 592 17000 SH SOLE 0 17000 0
CHANCELLOR MEDIA CORP COMMON 158915108 685 14544 SH SOLE 0 14544 0
CHART INDS INC COMMON 16115Q100 1706 260000 SH SOLE 0 260000 0
CHEVRON CORPORATION COMMON 166751107 1485 16732 SH SOLE 0 16732 0
CHIEFTAIN INTL INC COMMON 16867C101 735 60000 SH SOLE 0 60000 0
CISCO SYS INC COMMON 17275R102 72103 658095 SH SOLE 0 658095 0
CITIGROUP INC COMMON 172967101 25112 393145 SH SOLE 0 393145 0
CLEAR CHANNEL COMM INC COMMON 184502102 590 8800 SH SOLE 0 8800 0
COCA-COLA COMPANY COMMON 191216100 14188 231172 SH SOLE 0 231172 0
COLGATE-PALMOLIVE CO COMMON 194162103 100712 1094691 SH SOLE 0 1094691 0
COMCAST CORPORATION CL A CL A 200300101 277 4500 SH SOLE 0 4500 0
COMCAST CORPORATION CL K CL A SPL 200300200 283 4500 SH SOLE 0 4500 0
COMMERCIAL FEDERAL CORPO COMMON 201647104 412 17753 SH SOLE 0 17753 0
COMPASS BANCSHARES INC COMMON 20449H109 18333 531378 SH SOLE 0 531378 0
COOPER CAMERON CORP COMMON 216640102 5446 160756 SH SOLE 0 160756 0
COPART INC COMMON 217204106 1577 76000 SH SOLE 0 76000 0
CORINTHIAN COLLEGES INC COMMON 218868107 990 45000 SH SOLE 0 45000 0
CORNING INCORPORATED COMMON 219350105 74638 1243960 SH SOLE 0 1243960 0
COVANCE INC COMMON 222816100 41401 1651930 SH SOLE 0 1651930 0
COVENANT TRANS INC CL A 22284P105 1339 90000 SH SOLE 0 90000 0
CRESCENT REAL ESTATE EQU COMMON 225756105 30342 1411235 SH SOLE 0 1411235 0
CRESCENT OPER INC COMMON 22575M100 172 47436 SH SOLE 0 47436 0
CROSS TIMBERS OIL CO COMMON 227573102 1133 160416 SH SOLE 0 160416 0
CROWN CASTLE INTL CORP COMMON 228227104 7578 421000 SH SOLE 0 421000 0
CROWN PAC PARTNERS L P UNIT LTD PARTN 228439105 236 11250 SH SOLE 0 11250 0
CULLEN FROST BANKERS INC COMMON 229899109 30489 636020 SH SOLE 0 636020 0
CUMULUS MEDIA INC CL A 231082108 1217 103600 SH SOLE 0 103600 0
DST SYS INC DEL COMMON 233326107 432 7200 SH SOLE 0 7200 0
DALLAS SEMICONDUCTOR COR COMMON 235204104 3824 99000 SH SOLE 0 99000 0
DEERE & CO COMMON 244199105 4983 129000 SH SOLE 0 129000 0
DELL COMPUTER CORP COMMON 247025109 204 4998 SH SOLE 0 4998 0
DIAMOND OFFSHORE DRILLIN COMMON 25271C102 348 11000 SH SOLE 0 11000 0
DIEBOLD INCORPORATED COMMON 253651103 6191 257979 SH SOLE 0 257979 0
WALT DISNEY COMPANY COMMON 254687106 23540 756320 SH SOLE 0 756320 0
DONALDSON LUFKIN & JENRE COMMON 257661108 698 10000 SH SOLE 0 10000 0
DREW INDUSTRIES INC COM NEW 26168L205 1740 153000 SH SOLE 0 153000 0
DRIL-QUIP INC COMMON 262037104 2648 120000 SH SOLE 0 120000 0
DRYPERS CORP COM NEW 262497308 965 447600 SH SOLE 0 447600 0
E I DU PONT DE NEMOURS COMMON 263534109 27634 475931 SH SOLE 0 475931 0
DUN & BRADSTREET CORP COMMON 26483B106 324 9100 SH SOLE 0 9100 0
ENSCO INTL INC COMMON 26874Q100 240 18000 SH SOLE 0 18000 0
EAGLE GEOPHYSICAL INC COMMON 269524104 95 25000 SH SOLE 0 25000 0
EDGE PETE CORP DEL COMMON 279862106 118 22000 SH SOLE 0 22000 0
EL PASO ENERGY CORP DEL COMMON 283905107 320 9800 SH SOLE 0 9800 0
EMERSON ELECTRIC CO COMMON 291011104 24222 457560 SH SOLE 0 457560 0
ENCAL ENERGY LTD COMMON 29250D107 6767 1575000 SH SOLE 0 1575000 0
ERICSSON L M TEL CO DEPOSITORY RECEI 294821400 657 27600 SH SOLE 0 27600 0
EXTENDED STAY AMER INC COMMON 30224P101 102 10000 SH SOLE 0 10000 0
EXXON CORPORATION COMMON 302290101 205897 2917937 SH SOLE 0 2917937 0
FVNB CORP COMMON 302674106 1625 48500 SH SOLE 0 48500 0
FAMILY DLR STORES INC COMMON 307000109 8956 389400 SH SOLE 0 389400 0
FEDERAL NATL MTG ASSN COMMON 313586109 33614 485399 SH SOLE 0 485399 0
FEDERATED INVS INC PA CL B 314211103 1715 94300 SH SOLE 0 94300 0
FIFTH THIRD BANCORP COMMON 316773100 375 5692 SH SOLE 0 5692 0
FIRST UTD BANCSHARES INC COMMON 33741E104 1946 140280 SH SOLE 0 140280 0
FORTUNE BRANDS INC COMMON 349631101 300 7786 SH SOLE 0 7786 0
G & K SVCS INC CL A 361268105 3556 77000 SH SOLE 0 77000 0
GTE CORP COMMON 362320103 793 13100 SH SOLE 0 13100 0
GANNETT CO INC COMMON 364730101 26435 419600 SH SOLE 0 419600 0
GENERAL ELECTRIC CO COMMON 369604103 139409 1260196 SH SOLE 0 1260196 0
GENERAL MILLS INC COMMON 370334104 257 3400 SH SOLE 0 3400 0
GENERAL MTRS CORP COMMON 370442105 218 2500 SH SOLE 0 2500 0
GENESEE & WYO INC CL A 371559105 454 42500 SH SOLE 0 42500 0
GILLETTE COMPANY COMMON 375766102 40084 674388 SH SOLE 0 674388 0
GLAXO HOLDINGS PLC ADR DEPOSITORY RECEI 37733W105 629 9400 SH SOLE 0 9400 0
GREY WOLF INC COMMON 397888108 20 14000 SH SOLE 0 14000 0
HS RES INC COMMON 404297103 1969 225000 SH SOLE 0 225000 0
HALLIBURTON COMPANY COMMON 406216101 21111 548348 SH SOLE 0 548348 0
HAPPY KIDS INC COMMON 411391105 1102 110200 SH SOLE 0 110200 0
HARTE-HANKS INC COMMON 416196103 35641 1299000 SH SOLE 0 1299000 0
H J HEINZ COMPANY COMMON 423074103 48113 1015568 SH SOLE 0 1015568 0
HEWLETT PACKARD COMPANY COMMON 428236103 86562 1276486 SH SOLE 0 1276486 0
HOME DEPOT INC COMMON 437076102 164611 2644356 SH SOLE 0 2644356 0
HOME DEPOT INC NOTE 3.250 10/0 437076AE2 11642 4300000 PRN SOLE 0 4300000 0
HOOPER HOLMES INC COMMON 439104100 3000 192000 SH SOLE 0 192000 0
ICO HLDGS INC COMMON 449293109 1498 1229300 SH SOLE 0 1229300 0
IRI INTL CORP COMMON 45004F107 126 31000 SH SOLE 0 31000 0
ITC DELTACOM INC COMMON 45031T104 2618 120000 SH SOLE 0 120000 0
ITT EDUCATIONAL SERVICES COMMON 45068B109 16122 429200 SH SOLE 0 429200 0
INFINITY BROADCASTING CP CL A 45662S102 5992 232700 SH SOLE 0 232700 0
INNOTEK COMMON 45764M102 0 10000 SH SOLE 0 10000 0
INPUT/OUTPUT INC COMMON 457652105 1266 200500 SH SOLE 0 200500 0
INSPIRE INS SOLUTIONS IN COMMON 457732105 2280 120000 SH SOLE 0 120000 0
INTEL CORPORATION COMMON 458140100 37364 314315 SH SOLE 0 314315 0
INTERNATIONAL COMFORT PR ORD 458978103 2363 300000 SH SOLE 0 300000 0
INTL BUSINESS MACHINES COMMON 459200101 1684 9503 SH SOLE 0 9503 0
INTERNATIONAL HOME FOODS COMMON 459655106 2168 135000 SH SOLE 0 135000 0
INTERNATIONAL ISOTOPES I COMMON 45972C102 444 48000 SH SOLE 0 48000 0
INTERNATIONAL PAPER CO COMMON 460146103 523 12400 SH SOLE 0 12400 0
INTERTAN INC COMMON 461120107 975 100000 SH SOLE 0 100000 0
INVESTMENT TECHNOLOGY GR COMMON 461450108 4138 81543 SH SOLE 0 81543 0
IRON MTN INC DEL COMMON 46284P104 2563 82000 SH SOLE 0 82000 0
JACOR COMMUNUNICATIONS I CL A 469858401 304 4000 SH SOLE 0 4000 0
JEFFERIES GROUP INC COMMON 472318104 949 20000 SH SOLE 0 20000 0
JEFFERSON-PILOT CORP COMMON 475070108 295 4356 SH SOLE 0 4356 0
JOHNSON & JOHNSON COMMON 478160104 55590 594541 SH SOLE 0 594541 0
JONES PHARMA INC COMMON 480236108 3406 98000 SH SOLE 0 98000 0
JUSTIN INDUSTRIES INC COMMON 482171105 13130 1193600 SH SOLE 0 1193600 0
KENT ELECTRONICS CORP COMMON 490553104 119 12000 SH SOLE 0 12000 0
KENT ELECTRONICS CORP NOTE 4.500 9/0 490553AA2 10999 14616000 PRN SOLE 0 14616000 0
KEVCO INC COMMON 492716105 846 193300 SH SOLE 0 193300 0
KIMBERLY-CLARK CORP COMMON 494368103 89644 1870013 SH SOLE 0 1870013 0
KINDER MORGAN ENERGY PAR UT LTD PARTNER 494550106 232 6700 SH SOLE 0 6700 0
KIRBY CORPORATION COMMON 497266106 30291 1599507 SH SOLE 0 1599507 0
KOPIN CORP COMMON 500600101 207 15000 SH SOLE 0 15000 0
LBP INC COMMON 50179V101 200 50000 SH SOLE 0 50000 0
LAUDER ESTEE COS INC CL A 518439104 9885 104600 SH SOLE 0 104600 0
LEVIATHAN GAS PIPELINE P COM UNIT 527367205 431 19000 SH SOLE 0 19000 0
ELI LILLY AND COMPANY COMMON 532457108 494 5826 SH SOLE 0 5826 0
LINCOLN NATL CORP IND COMMON 534187109 1137 11500 SH SOLE 0 11500 0
LINDSAY MFG CO COMMON 535555106 10789 542825 SH SOLE 0 542825 0
LONGVIEW FIBRE CO COMMON 543213102 5458 472050 SH SOLE 0 472050 0
LUBYS INC COMMON 549282101 2336 138400 SH SOLE 0 138400 0
LUCENT TECHNOLOGIES INC COMMON 549463107 3232 29924 SH SOLE 0 29924 0
MBNA CORP COMMON 55262L100 374 15655 SH SOLE 0 15655 0
MCI WORLDCOM INC COMMON 55268B106 115504 1304205 SH SOLE 0 1304205 0
MDU RESOURCES GROUP COMMON 552690109 360 15750 SH SOLE 0 15750 0
MSC INDL DIRECT INC CL A 553530106 1651 97100 SH SOLE 0 97100 0
MAC-GRAY CORP COMMON 554153106 459 50000 SH SOLE 0 50000 0
MACMILLAN BLOEDEL LTD COMMON 554783209 18440 1672500 SH SOLE 0 1672500 0
MAGNUM HUNTER RES INC COM PAR $0.002 55972F203 144 50000 SH SOLE 0 50000 0
MARSH & MCLENNAN COS INC COMMON 571748102 356 4800 SH SOLE 0 4800 0
MAXXIM MED INC COMMON 57777G105 6536 346300 SH SOLE 0 346300 0
MCCORMICK & CO INC COM NON VTG 579780206 3959 136500 SH SOLE 0 136500 0
MCDONALDS CORP COMMON 580135101 662 14600 SH SOLE 0 14600 0
MCGRATH RENTCORP COMMON 580589109 1130 61900 SH SOLE 0 61900 0
MEDSTONE INTL INC NEW COMMON 58505C101 143 20800 SH SOLE 0 20800 0
MELLON BK CORP COMMON 585509102 28386 403350 SH SOLE 0 403350 0
MERCANTILE BANCORP INC COMMON 587342106 270 5676 SH SOLE 0 5676 0
MERCK & CO INC COMMON 589331107 66533 830366 SH SOLE 0 830366 0
MERIDIAN RESOURCE CORP COMMON 58977Q109 151 44880 SH SOLE 0 44880 0
METROCALL INC COMMON 591647102 1220 402450 SH SOLE 0 402450 0
METRONET COMMUNICATIONS CL B NON VTG 59169Y108 4675 85000 SH SOLE 0 85000 0
METRO NETWORKS INC COMMON 591918107 3025 55000 SH SOLE 0 55000 0
MICROSOFT CORPORATION COMMON 594918104 38059 424650 SH SOLE 0 424650 0
MID ATLANTIC MED SVCS IN COMMON 59523C107 1862 185000 SH SOLE 0 185000 0
MINNESOTA MNG & MFG CO COMMON 604059105 516 7300 SH SOLE 0 7300 0
MOBIL CORPORATION COMMON 607059102 80375 913351 SH SOLE 0 913351 0
MOBILE MINI INC COMMON 60740F105 2060 160000 SH SOLE 0 160000 0
MONSANTO CO COMMON 611662107 17795 387375 SH SOLE 0 387375 0
MONTANA POWER COMPANY COMMON 612085100 221 3000 SH SOLE 0 3000 0
MONY GROUP INC COMMON 615337102 930 37400 SH SOLE 0 37400 0
MOTOROLA INC COMMON 620076109 84889 1158892 SH SOLE 0 1158892 0
NABISCO HLDGS CORP CL A 629526104 1123 27025 SH SOLE 0 27025 0
NABORS INDUSTRIES INC COMMON 629568106 411 22600 SH SOLE 0 22600 0
NABORS INDS INC NOTE 5.000 5/1 629568AA4 7675 6815000 PRN SOLE 0 6815000 0
NATIONAL-OILWELL INC COMMON 637071101 116 10000 SH SOLE 0 10000 0
NATIONAL SVC INDS INC COMMON 637657107 623 18300 SH SOLE 0 18300 0
NATIONWIDE FINL SVCS CL A 638612101 252 6000 SH SOLE 0 6000 0
NESTLE S A DEPOSITORY RECEI 641069406 500 5500 SH SOLE 0 5500 0
NOBLE AFFILIATES INC COMMON 654894104 24362 840082 SH SOLE 0 840082 0
NOBLE DRILLING CORP COMMON 655042109 6178 355555 SH SOLE 0 355555 0
NORTHERN TELECOM LTD COMMON 665815106 40113 645675 SH SOLE 0 645675 0
NORTHERN TRUST CORP COMMON 665859104 28633 322400 SH SOLE 0 322400 0
NUEVO ENERGY CO COMMON 670509108 162 12000 SH SOLE 0 12000 0
OCCIDENTAL PETROLEUM COR COMMON 674599105 360 20000 SH SOLE 0 20000 0
OCEAN ENERGY INC TEX COMMON 67481E106 500 73364 SH SOLE 0 73364 0
OCEANEERING INTL INC COMMON 675232102 454 30000 SH SOLE 0 30000 0
OLSTEN CORPORATION COMMON 681385100 99 16030 SH SOLE 0 16030 0
OMNICOM GROUP INC COMMON 681919106 3869 48400 SH SOLE 0 48400 0
ORACLE CORP COMMON 68389X105 13191 500148 SH SOLE 0 500148 0
OUTDOOR SYS INC COMMON 690057104 6147 204900 SH SOLE 0 204900 0
PATTERSON DENTAL CO COMMON 703412106 8791 203250 SH SOLE 0 203250 0
PAWNMART INC COMMON 704157106 219 100000 SH SOLE 0 100000 0
PAWNMART INC *W EXP 3/18/200 704157106 109 50000 SOLE 0 50000 0
PAWNMART INC *W EXP 3/18/200 704157106 109 50000 SOLE 0 50000 0
PAYCHEX INC COMMON 704326107 3662 77200 SH SOLE 0 77200 0
PEGASUS COMMUNICATIONS C CL A 705904100 1428 51000 SH SOLE 0 51000 0
PEPSI BOTTLING GROUP COMMON 713409100 3383 156000 SH SOLE 0 156000 0
PEPSICO INC COMMON 713448108 96458 2461440 SH SOLE 0 2461440 0
PETSEC ENERGY LTD DEPOSITORY RECEI 715796108 28 25000 SH SOLE 0 25000 0
PETROLEUM GEO-SVCS A/S DEPOSITORY RECEI 716597109 5945 389850 SH SOLE 0 389850 0
PETSMART INC COMMON 716768106 1023 127400 SH SOLE 0 127400 0
PHARMACIA & UPJOHN INC COMMON 716941109 78339 1255937 SH SOLE 0 1255937 0
PFIZER INC COMMON 717081103 32385 233404 SH SOLE 0 233404 0
PHILIP MORRIS COS COMMON 718154107 6319 179571 SH SOLE 0 179571 0
PIER 1 IMPORTS INC COMMON 720279108 2092 257500 SH SOLE 0 257500 0
PILLOWTEX CORP COMMON 721501104 1222 86137 SH SOLE 0 86137 0
PINNACLE HLDGS INC COMMON 72346N101 1966 130000 SH SOLE 0 130000 0
PIONEER NAT RES CO COMMON 723787107 78 10000 SH SOLE 0 10000 0
PITNEY BOWES INC COMMON 724479100 261 4095 SH SOLE 0 4095 0
PLAY BY PLAY TOYS & NOVE COMMON 72811K103 1938 310000 SH SOLE 0 310000 0
PRENTISS PPTYS TR SH BEN INT 740706106 1620 86400 SH SOLE 0 86400 0
PRIME MED SVCS INC NEW COMMON 74156D108 2498 338700 SH SOLE 0 338700 0
PROCTER & GAMBLE COMPANY COMMON 742718109 32353 330343 SH SOLE 0 330343 0
PROLOGIS TR SH BEN INT 743410102 493 24034 SH SOLE 0 24034 0
QUEST ED CORP COMMON 74835F102 1405 154000 SH SOLE 0 154000 0
R & B FALCON CORP COMMON 74912E101 407 47230 SH SOLE 0 47230 0
RADISYS CORP COMMON 750459109 1475 47500 SH SOLE 0 47500 0
RAILAMERICA INC COMMON 750753105 11445 1308000 SH SOLE 0 1308000 0
RAILAMERICA SERIES A CONV PF 750990202 644 28000 SH SOLE 0 28000 0
RELIANCE STEEL & ALUMINU COMMON 759509102 5309 184250 SH SOLE 0 184250 0
RESORTQUEST INTL INC COMMON 761183102 960 60000 SH SOLE 0 60000 0
ROBERT HALF INTL INC COMMON 770323103 13243 403600 SH SOLE 0 403600 0
ROMAC INTL INC COMMON 775835101 2627 309101 SH SOLE 0 309101 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 2091 40208 SH SOLE 0 40208 0
RYAN ENERGY TECHNOLOGIES COMMON 78348T103 24 16000 SH SOLE 0 16000 0
SBC COMMUNICATIONS INC COMMON 78387G103 7317 155065 SH SOLE 0 155065 0
SABINE ROYALTY TR UNIT BEN INT 785688102 140 10079 SH SOLE 0 10079 0
SAGA COMMUNICATIONS CL A 786598102 2476 138532 SH SOLE 0 138532 0
ST JOE CO COMMON 790148100 9234 380775 SH SOLE 0 380775 0
SAKS INC COMMON 79377W108 29401 1130815 SH SOLE 0 1130815 0
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