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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: LUTHER KING CAPITAL MANAGEMENT
Address: 301 Commerce Street
Suite 1600
Fort Worth, TX 76102
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
Title: Treasurer
Phone: 817-332-3235
Signature, Place, and Date of Signing:
Fort Worth, TX 5/11/00
________________________________ ____________________________ __________
[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).)
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: None
Form 13F Information Table Entry Total: 387
Form 13F Information Table Value Total: $4,924,717,831
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
Page 1 of 16
<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> <C> <C>
RAILAMERICA, INC. JR.
CV SU BND CV 000009993 2,750 275,000 PRN SOLE 0 275,000 0
ACTV. INC. COMMON 00088E104 1,140 32,500 SH SOLE 0 32,500 0
AMFM INC. COMMON 001693100 14,279 229,844 SH SOLE 0 229,844 0
AMERICAN TEL & TELEG CO. COMMON 001957109 23,494 417,209 SH SOLE 0 417,209 0
AT&T CORP COM LIB GRP A COMMON 001957208 4,656 78,500 SH SOLE 0 78,500 0
AT & T CDA INC. COMMON 00207Q202 3,184 52,200 SH SOLE 0 52,200 0
ABBOTT LABORATORIES COMMON 002824100 3,126 88,840 SH SOLE 0 88,840 0
ACE CASH EXPRESS INC. COMMON 004403101 634 37,000 SH SOLE 0 37,000 0
ADAPTEC INC. COMMON 00651F108 6,373 165,000 SH SOLE 0 165,000 0
AGILENT TECHNOLOGIES INC. COMMON 00846U101 9,620 92,500 SH SOLE 0 92,500 0
AIRGATE PCS INC. COMMON 009367103 1,699 16,100 SH SOLE 0 16,100 0
ALLIED WASTE INDS INC. COMMON 019589308 3,544 540,000 SH SOLE 0 540,000 0
ALLTEL CORPORATION COMMON 020039103 89,597 1,416,558 SH SOLE 0 1,416,558 0
AMERICAN EXPRESS CO. COMMON 025816109 578 3,881 SH SOLE 0 3,881 0
AMERICAN GENERAL CORP. COMMON 026351106 34,922 622,210 SH SOLE 0 622,210 0
AMERICAN HOME PRODS CORP. COMMON 026609107 720 13,400 SH SOLE 0 13,400 0
AMERICAN INTL GROUP INC. COMMON 026874107 7,170 65,481 SH SOLE 0 65,481 0
AMERICREDIT CORP. COMMON 03060R101 1,669 102,300 SH SOLE 0 102,300 0
AMGEN INC. COMMON 031162100 565 9,200 SH SOLE 0 9,200 0
ANADARKO PETROLEUM CORP COMMON 032511107 9,525 246,200 SH SOLE 0 246,200 0
ANHEUSER BUSCH COS INC. COMMON 035229103 12,326 198,000 SH SOLE 0 198,000 0
ANTEC CORP. COMMON 03664P105 18,707 417,450 SH SOLE 0 417,450 0
APPLIED MATLS INC. COMMON 038222105 7,365 78,148 SH SOLE 0 78,148 0
ARMANINO FOODS DISTINCTI COMMON 042166702 1,251 220,000 SH SOLE 0 220,000 0
ASSOCIATES FIRST CAP COR COMMON 046008108 25,942 1,213,675 SH SOLE 0 1,213,675 0
</TABLE>
<PAGE> 4
FORM 13F Information Table
Page 2 of 16
<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> <C> <C>
ATLANTIC GULF COMMUNITIE PFD CV 048556203 276 55,206 SH SOLE 0 55,206 0
ATLANTIC GULF COMM CORP PFD CV 048556922 175 35,000 SH SOLE 0 35,000 0
ATLANTIC RICHFIELD CO. COMMON 048825103 10,674 125,571 SH SOLE 0 125,571 0
AUTOMATIC DATA PROCESSIN COMMON 053015103 420 8,700 SH SOLE 0 8,700 0
AVNET INC. COMMON 053807103 1,389 22,050 SH SOLE 0 22,050 0
AZTEC MANUFACTURING CO COMMON 054825104 1,964 166,300 SH SOLE 0 166,300 0
BCE INC. COMMON 05534B109 715 5,700 SH SOLE 0 5,700 0
BJ SVCS CO. COMMON 055482103 9,419 127,500 SH SOLE 0 127,500 0
BP AMOCO P.L.C. COMMON 055622104 41,314 775,845 SH SOLE 0 775,845 0
BAKER HUGHES INC. COMMON 057224107 1,626 53,750 SH SOLE 0 53,750 0
BANK OF AMERICA CORP. COMMON 060505104 680 12,969 SH SOLE 0 12,969 0
BANK NEW YORK INC. COMMON 064057102 1,172 28,200 SH SOLE 0 28,200 0
BANK ONE CORP. COMMON 06423A103 599 17,375 SH SOLE 0 17,375 0
C R BARD INC. COMMON 067383109 4,004 103,500 SH SOLE 0 103,500 0
BASIN EXPL INC. COMMON 070107107 523 35,000 SH SOLE 0 35,000 0
BAXTER INTERNATIONAL INC. COMMON 071813109 560 8,930 SH SOLE 0 8,930 0
BELDEN INC. COMMON 077459105 2,778 101,000 SH SOLE 0 101,000 0
BELL ATLANTIC CORP. COMMON 077853109 33,133 542,050 SH SOLE 0 542,050 0
BELLSOUTH CORPORATION COMMON 079860102 956 20,400 SH SOLE 0 20,400 0
BELO A H CORP DEL COMMON 080555105 45,539 2,547,648 SH SOLE 0 2,547,648 0
BERKSHIRE HATHAWAY INC. D COMMON 084670108 744 13 SH SOLE 0 13 0
BIOVAIL CORP. COMMON 09067J109 0 60,000 SOLE 0 60,000 0
H & R BLOCK INC. COMMON 093671105 17,721 396,000 SH SOLE 0 396,000 0
BOEING COMPANY COMMON 097023105 562 14,850 SH SOLE 0 14,850 0
BOISE CASCADE CORP. COMMON 097383103 11,084 318,950 SH SOLE 0 318,950 0
</TABLE>
<PAGE> 5
FORM 13F Information Table
Page 3 of 16
<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> <C> <C>
BOISE CASCADE OFFICE PRO COMMON 097403109 819 50,000 SH SOLE 0 50,000 0
BRANDYWINE RLTY TR COMMON 105368203 1,158 67,600 SH SOLE 0 67,600 0
BRINKER INTERNATL INC. COMMON 109641100 395 13,322 SH SOLE 0 13,322 0
BRISTOL-MYERS SQUIBB CO. COMMON 110122108 4,283 73,852 SH SOLE 0 73,852 0
BROCADE COMMUNICATIONS S COMMON 111621108 2,510 14,000 SH SOLE 0 14,000 0
BROWN FORMAN CORP. COMMON 115637209 385 7,074 SH SOLE 0 7,074 0
TOM BROWN INC. COMMON 115660201 4,226 230,000 SH SOLE 0 230,000 0
BUCKEYE PARTNERS L.P. COMMON 118230101 268 10,300 SH SOLE 0 10,300 0
BURLINGTON RESOURCES INC. COMMON 122014103 4,026 108,799 SH SOLE 0 108,799 0
CBS CORP. COMMON 12490K107 60,454 1,067,622 SH SOLE 0 1,067,622 0
CDW COMPUTER CTRS INC. COMMON 125129106 3,487 41,300 SH SOLE 0 41,300 0
CIT GROUP INC. COMMON 125577106 712 36,500 SH SOLE 0 36,500 0
CNA SURETY CORP. COMMON 12612L108 3,498 251,000 SH SOLE 0 251,000 0
CABOT OIL & GAS CORP. COMMON 127097103 13,494 747,100 SH SOLE 0 747,100 0
CALPINE CORP. COMMON 131347106 291 3,100 SH SOLE 0 3,100 0
CAMDEN PPTY TR COMMON 133131102 312 11,520 SH SOLE 0 11,520 0
CAMPBELL SOUP CO. COMMON 134429109 344 11,200 SH SOLE 0 11,200 0
CAPITAL ONE FINL CORP. COMMON 14040H105 13,882 289,575 SH SOLE 0 289,575 0
CARBO CERAMICS INC. COMMON 140781105 1,688 60,000 SH SOLE 0 60,000 0
CARDINAL HEALTH INC. COMMON 14149Y108 386 8,425 SH SOLE 0 8,425 0
CARRIER1 INTL S.A. COMMON 144500303 2,399 123,800 SH SOLE 0 123,800 0
CASELLA WASTE SYS INC. COMMON 147448104 1,965 262,000 SH SOLE 0 262,000 0
CENTEX CORPORATION COMMON 152312104 633 26,600 SH SOLE 0 26,600 0
CENTEX CONSTRUCTION PROD COMMON 15231R109 368 14,000 SH SOLE 0 14,000 0
CHART INDS INC. COMMON 16115Q100 1,042 327,000 SH SOLE 0 327,000 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 12,574 144,217 SH SOLE 0 144,217 0
</TABLE>
<PAGE> 6
FORM 13F Information Table
Page 4 of 16
<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> <C> <C>
CHEVRON CORPORATION COMMON 166751107 2,138 23,128 SH SOLE 0 23,128 0
CHIEFTAIN INTL INC. COMMON 16867C101 1,208 60,000 SH SOLE 0 60,000 0
CIENA CORP. COMMON 171779101 6,489 51,450 SH SOLE 0 51,450 0
CIRCUIT CITY STORE INC. COMMON 172737108 7,468 122,680 SH SOLE 0 122,680 0
CISCO SYS INC. COMMON 17275R102 154,878 2,003,268 SH SOLE 0 2,003,268 0
CITIGROUP INC. COMMON 172967101 40,379 674,391 SH SOLE 0 674,391 0
CLEAR CHANNEL COMM INC. COMMON 184502102 4,139 59,928 SH SOLE 0 59,928 0
COCA-COLA COMPANY COMMON 191216100 11,945 254,496 SH SOLE 0 254,496 0
COLGATE-PALMOLIVE CO. COMMON 194162103 120,809 2,142,954 SH SOLE 0 2,142,954 0
COLUMBIA/HCA HEALTHCARE COMMON 197677107 5,452 215,400 SH SOLE 0 215,400 0
COMCAST CORPORATION CL K COMMON 200300200 390 9,000 SH SOLE 0 9,000 0
COMPAQ COMPUTER CORP. COMMON 204493100 827 30,620 SH SOLE 0 30,620 0
COMPASS BANCSHARES INC. COMMON 20449H109 10,895 546,479 SH SOLE 0 546,479 0
CONOCO INC. COMMON 208251405 725 28,310 SH SOLE 0 28,310 0
CONSOLIDATED PAPERS INC. COMMON 209759109 3,256 84,700 SH SOLE 0 84,700 0
COOPER CAMERON CORP. COMMON 216640102 10,453 156,300 SH SOLE 0 156,300 0
COR THERAPEUTICS INC. COMMON 217753102 2,574 39,050 SH SOLE 0 39,050 0
CORNING INCORPORATED COMMON 219350105 115,261 594,130 SH SOLE 0 594,130 0
COTT CORP QUE COMMON 22163N106 1,247 221,700 SH SOLE 0 221,700 0
COX COMMUNICATIONS INC. N COMMON 224044107 414 8,546 SH SOLE 0 8,546 0
CREDENCE SYS CORP. COMMON 225302108 1,627 13,000 SH SOLE 0 13,000 0
CRESCENT REAL ESTATE EQU COMMON 225756105 18,525 1,058,569 SH SOLE 0 1,058,569 0
CRESCENT OPER INC. COMMON 22575M100 29 10,044 SH SOLE 0 10,044 0
CROSS TIMBERS OIL CO. COMMON 227573102 2,615 200,165 SH SOLE 0 200,165 0
CROSS TIMBERS ROYALTY TR COMMON 22757R109 123 12,200 SH SOLE 0 12,200 0
</TABLE>
<PAGE> 7
FORM 13F Information Table
Page 5 of 16
<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> <C> <C>
CROWN CASTLE INTL CORP. COMMON 228227104 6,265 165,400 SH SOLE 0 165,400 0
CROWN PAC PARTNERS L.P. COMMON 228439105 263 12,250 SH SOLE 0 12,250 0
CULLEN FROST BANKERS INC. COMMON 229899109 30,704 1,161,382 SH SOLE 0 1,161,382 0
CUMULUS MEDIA INC. COMMON 231082108 1,045 72,700 SH SOLE 0 72,700 0
DALLAS SEMICONDUCTOR COR COMMON 235204104 4,490 123,000 SH SOLE 0 123,000 0
CROWN CASTLE DECS TR V PFD CV 24366F203 11,650 351,700 SH SOLE 0 351,700 0
DEERE & CO. COMMON 244199105 4,742 124,800 SH SOLE 0 124,800 0
DELL COMPUTER CORP. COMMON 247025109 26,882 498,400 SH SOLE 0 498,400 0
DIEBOLD INCORPORATED COMMON 253651103 30,464 1,107,795 SH SOLE 0 1,107,795 0
DILLARDS INC. COMMON 254067101 263 16,000 SH SOLE 0 16,000 0
WALT DISNEY COMPANY COMMON 254687106 40,005 969,827 SH SOLE 0 969,827 0
DONALDSON LUFKIN & JENRE COMMON 257661108 518 10,000 SH SOLE 0 10,000 0
DOUBLECLICK INC. COMMON 258609304 4,316 46,100 SH SOLE 0 46,100 0
DREW INDUSTRIES INC. COMMON 26168L205 931 133,000 SH SOLE 0 133,000 0
DRIL-QUIP INC. COMMON 262037104 4,477 95,000 SH SOLE 0 95,000 0
DRYPERS CORP. COMMON 262497308 679 345,000 SH SOLE 0 345,000 0
DSET CORP. COMMON 262504103 1,346 73,000 SH SOLE 0 73,000 0
E I DU PONT DE NEMOURS COMMON 263534109 15,655 295,731 SH SOLE 0 295,731 0
E M C CORP MASS COMMON 268648102 63,183 501,450 SH SOLE 0 501,450 0
EARTHGRAINS CO. COMMON 270319106 3,689 248,000 SH SOLE 0 248,000 0
EDWARDS AG INC. COMMON 281760108 292 7,301 SH SOLE 0 7,301 0
EL PASO ENERGY PARTNERS COMMON 28368B102 368 19,000 SH SOLE 0 19,000 0
EL PASO ENERGY CORP DEL COMMON 283905107 4,163 103,100 SH SOLE 0 103,100 0
EMERSON ELECTRIC CO. COMMON 291011104 4,725 88,950 SH SOLE 0 88,950 0
EMMIS COMMUNICATIONS COR COMMON 291525103 2,502 53,800 SH SOLE 0 53,800 0
ENCAL ENERGY LTD. COMMON 29250D107 7,540 1,575,000 SH SOLE 0 1,575,000 0
</TABLE>
<PAGE> 8
FORM 13F Information Table
Page 6 of 16
<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> <C> <C>
ENCORE WIRE CORP. COMMON 292562105 252 35,000 SH SOLE 0 35,000 0
ENRON CORP. COMMON 293561106 1,700 22,702 SH SOLE 0 22,702 0
ERICSSON L M TEL CO. COMMON 294821400 2,195 23,400 SH SOLE 0 23,400 0
EXODUS COMMUNICATIONS IN COMMON 302088109 4,791 34,100 SH SOLE 0 34,100 0
EXTENDED STAY AMER INC. COMMON 30224P101 75 10,000 SH SOLE 0 10,000 0
EXXON MOBIL CORP. COMMON 30231G102 270,948 3,476,482 SH SOLE 0 3,476,482 0
F M C CORP. COMMON 302491303 283 5,000 SH SOLE 0 5,000 0
FVNB CORP. COMMON 302674106 1,819 48,500 SH SOLE 0 48,500 0
FAMILY DLR STORES INC. COMMON 307000109 10,637 511,100 SH SOLE 0 511,100 0
FEDERAL NATL MTG ASSN. COMMON 313586109 23,321 412,299 SH SOLE 0 412,299 0
FIFTH THIRD BANCORP. COMMON 316773100 359 5,692 SH SOLE 0 5,692 0
FIRST DATA CORP. COMMON 319963104 36,238 816,625 SH SOLE 0 816,625 0
FIRST UTD BANCSHARES INC. COMMON 33741E104 1,436 140,080 SH SOLE 0 140,080 0
FIRSTWORLD COMMUNICATION COMMON 337625305 408 20,000 SH SOLE 0 20,000 0
FIRSTAR CORP NEW WIS COMMON 33763V109 11,211 488,768 SH SOLE 0 488,768 0
GTE CORP. COMMON 362320103 18,888 266,027 SH SOLE 0 266,027 0
GT GROUP TELECOM INC. COMMON 362359408 522 25,000 SH SOLE 0 25,000 0
GANNETT CO INC. COMMON 364730101 27,466 390,280 SH SOLE 0 390,280 0
GENENTECH INC. COMMON 368710406 1,657 10,900 SH SOLE 0 10,900 0
GENERAL ELECTRIC CO. COMMON 369604103 169,825 1,091,243 SH SOLE 0 1,091,243 0
GENERAL MILLS INC. COMMON 370334104 232 6,400 SH SOLE 0 6,400 0
GENERAL MTRS CORP. COMMON 370442105 248 3,000 SH SOLE 0 3,000 0
GILLETTE COMPANY COMMON 375766102 15,903 421,971 SH SOLE 0 421,971 0
GLAXO HOLDINGS PLC ADR COMMON 37733W105 539 9,400 SH SOLE 0 9,400 0
GREAT PLAINS SOFTWARE COMMON 39119E105 1,100 20,600 SH SOLE 0 20,600 0
</TABLE>
<PAGE> 9
FORM 13F Information Table
Page 7 of 16
<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> <C> <C>
GUIDANT CORP. COMMON 401698105 4,637 78,766 SH SOLE 0 78,766 0
HS RES INC. COMMON 404297103 4,542 215,000 SH SOLE 0 215,000 0
HADCO CORP. COMMON 404681108 3,010 46,400 SH SOLE 0 46,400 0
HALLIBURTON COMPANY COMMON 406216101 40,137 975,964 SH SOLE 0 975,964 0
HARRIS CORP DEL COMMON 413875105 25,568 739,775 SH SOLE 0 739,775 0
HARTE-HANKS INC. COMMON 416196103 28,720 1,265,900 SH SOLE 0 1,265,900 0
H.J. HEINZ COMPANY COMMON 423074103 5,081 145,700 SH SOLE 0 145,700 0
HEWLETT PACKARD COMPANY COMMON 428236103 113,752 856,083 SH SOLE 0 856,083 0
HIBERNIA CORP. COMMON 428656102 5,368 511,200 SH SOLE 0 511,200 0
HOME DEPOT INC. COMMON 437076102 185,111 2,869,934 SH SOLE 0 2,869,934 0
HONEYWELL INTL INC. COMMON 438516106 1,040 19,736 SH SOLE 0 19,736 0
HOOPER HOLMES INC. COMMON 439104100 5,325 155,200 SH SOLE 0 155,200 0
ICO HLDGS INC. COMMON 449293109 438 275,000 SH SOLE 0 275,000 0
IMS HEALTH INC. COMMON 449934108 12,965 765,450 SH SOLE 0 765,450 0
ITC DELTACOM INC. COMMON 45031T104 5,546 155,675 SH SOLE 0 155,675 0
ITC DELTACOM INC. BND CV 45031Tak0 4,395 3,000,000 PRN SOLE 0 3,000,000 0
ITT EDUCATIONAL SERVICES COMMON 45068B109 280 17,500 SH SOLE 0 1,7500 0
ITXC CORP. COMMON 45069F109 7,210 153,200 SH SOLE 0 153,200 0
IMMUNEX CORP NEW COMMON 452528102 1,672 26,350 SH SOLE 0 26,350 0
INDEPENDENT ENERGY HLDGS. COMMON 45384X108 3,590 80,000 SH SOLE 0 80,000 0
INFINITY BROADCASTING CP COMMON 45662S102 18,460 570,191 SH SOLE 0 570,191 0
INFORMATION ARCHITECTS C COMMON 45669R107 1,129 65,000 SH SOLE 0 65,000 0
ING GROEP N.V. COMMON 456837103 249 4,534 SH SOLE 0 4,534 0
INKTOMI CORP. COMMON 457277101 2,126 10,900 SH SOLE 0 10,900 0
INPUT/OUTPUT INC. COMMON 457652105 521 85,000 SH SOLE 0 85,000 0
INTEL CORPORATION COMMON 458140100 136,158 1,031,990 SH SOLE 0 1,031,990 0
</TABLE>
<PAGE> 10
FORM 13F Information Table
Page 8 of 16
<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> <C> <C>
INTELECT COMMUNICATIONS COMMON 458144102 578 100,000 SH SOLE 0 100,000 0
INTL BUSINESS MACHINES COMMON 459200101 16,751 141,955 SH SOLE 0 141,955 0
INTERNATIONAL FLAVORS&FR COMMON 459506101 214 6,100 SH SOLE 0 6,100 0
INTERNATIONAL HOME FOODS COMMON 459655106 864 54,000 SH SOLE 0 54,000 0
INTERNATIONAL ISOTOPES I COMMON 45972C102 2,416 382,750 SH SOLE 0 382,750 0
INTL PAPER CO. COMMON 460146103 626 14,633 SH SOLE 0 14,633 0
INTERSIL HLDG CORP. COMMON 46069S109 853 16,500 SH SOLE 0 16,500 0
INTERWEST MED CORP. COMMON 460909104 3 13,334 SH SOLE 0 13,334 0
INTERTAN INC. COMMON 461120107 756 55,000 SH SOLE 0 55,000 0
INTERVU INC. COMMON 46114R106 837 9,300 SH SOLE 0 9,300 0
INVESTMENT TECHNOLOGY GR COMMON 46145F105 5,034 142,799 SH SOLE 0 142,799 0
IRON MTN INC. PA COMMON 462846106 487 14,300 SH SOLE 0 14,300 0
IRON MTN INC DEL COMMON 46284P104 3,950 119,700 SH SOLE 0 119,700 0
JDS UNIPHASE CORP. COMMON 46612J101 22,774 188,900 SH SOLE 0 188,900 0
JEFFERIES GROUP INC. NEW COMMON 472319102 686 30,000 SH SOLE 0 30,000 0
JEFFERSON-PILOT CORP. COMMON 475070108 290 4,354 SH SOLE 0 4,354 0
JOHNSON & JOHNSON COMMON 478160104 40,256 573,039 SH SOLE 0 573,039 0
JONES PHARMA INC. COMMON 480236108 4,869 160,300 SH SOLE 0 160,300 0
JUSTIN INDUSTRIES INC. COMMON 482171105 27,210 1,511,692 SH SOLE 0 1,511,692 0
KLA-TENCOR CORP. COMMON 482480100 9,824 116,600 SH SOLE 0 116,600 0
KENT ELECTRS CORP. BND CV 490553Aa2 12,862 14,616,000 PRN SOLE 0 14,616,000 0
KEVCO INC. COMMON 492716105 197 100,000 SH SOLE 0 100,000 0
KEYSPAN CORP. COMMON 49337W100 285 10,300 SH SOLE 0 10,300 0
KIMBERLY-CLARK CORP. COMMON 494368103 98,863 1,763,439 SH SOLE 0 1,763,439 0
KINDER MORGAN ENERGY PAR COMMON 494550106 266 6,700 SH SOLE 0 6,700 0
</TABLE>
<PAGE> 11
FORM 13F Information Table
Page 9 of 16
<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> <C> <C>
KIRBY CORPORATION COMMON 497266106 32,627 1,652,000 SH SOLE 0 1,652,000 0
LBP INC. COMMON 50179V101 175 50,000 SH SOLE 0 50,000 0
LCC INTERNATIONAL INC. COMMON 501810105 3,665 92,500 SH SOLE 0 92,500 0
LAMAR ADVERTISING CO. COMMON 512815101 4,368 96,000 SH SOLE 0 96,000 0
LAUDER ESTEE COS INC. COMMON 518439104 4,691 93,700 SH SOLE 0 93,700 0
ELI LILLY AND COMPANY COMMON 532457108 400 6,386 SH SOLE 0 6,386 0
LINCOLN NATL CORP IND. COMMON 534187109 804 24,000 SH SOLE 0 24,000 0
LINDSAY MFG CO. COMMON 535555106 9,981 582,825 SH SOLE 0 582,825 0
LITTELFUSE INC. COMMON 537008104 5,833 159,000 SH SOLE 0 159,000 0
LONGVIEW FIBRE CO. COMMON 543213102 6,330 429,150 SH SOLE 0 429,150 0
LOOKSMART LTD. COMMON 543442107 3,225 73,300 SH SOLE 0 73,300 0
LOUISIANA PAC CORP. COMMON 546347105 9,950 717,100 SH SOLE 0 717,100 0
LUBYS INC. COMMON 549282101 683 72,400 SH SOLE 0 72,400 0
LUCENT TECHNOLOGIES INC. COMMON 549463107 20,883 340,950 SH SOLE 0 340,950 0
MBNA CORP. COMMON 55262L100 353 13,855 SH SOLE 0 13,855 0
MDU RES GROUP INC. COMMON 552690109 337 16,250 SH SOLE 0 16,250 0
MARSH & MCLENNAN COS INC. COMMON 571748102 530 4,800 SH SOLE 0 4,800 0
MASCO CORP. COMMON 574599106 9,422 459,600 SH SOLE 0 459,600 0
MCDONALDS CORP. COMMON 580135101 606 16,213 SH SOLE 0 16,213 0
MCGRATH RENTCORP COMMON 580589109 873 55,000 SH SOLE 0 55,000 0
MEDTRONIC INC. COMMON 585055106 51,893 1,008,855 SH SOLE 0 1,008,855 0
MELLON FINL CORP. COMMON 58551A108 34,414 1,156,782 SH SOLE 0 1,156,782 0
MERCK & CO INC. COMMON 589331107 47,691 767,666 SH SOLE 0 767,666 0
MERIDIAN RESOURCE CORP. COMMON 58977Q109 213 55,000 SH SOLE 0 55,000 0
MICROSOFT CORPORATION COMMON 594918104 94,232 886,885 SH SOLE 0 886,885 0
MILLENNIUM PHARMACEUTICA COMMON 599902103 1,649 12,700 SH SOLE 0 12,700 0
</TABLE>
<PAGE> 12
FORM 13F Information Table
Page 10 of 16
<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> <C> <C>
MINNESOTA MNG & MFG CO COMMON 604059105 954 10,775 SH SOLE 0 10,775 0
MISSION CRITICAL SOFTWAR COMMON 605047109 1,589 26,000 SH SOLE 0 26,000 0
MOBILE MINI INC. COMMON 60740F105 8,793 450,900 SH SOLE 0 450,900 0
MONSANTO CO. COMMON 611662107 21,632 420,045 SH SOLE 0 420,045 0
MONTANA POWER CO. COMMON 612085100 407 6,360 SH SOLE 0 6,360 0
J P MORGAN & COMPANY INC. COMMON 616880100 514 3,900 SH SOLE 0 3,900 0
MOTOROLA INC. COMMON 620076109 110,526 757,026 SH SOLE 0 757,026 0
NABORS INDUSTRIES INC. COMMON 629568106 1,954 50,332 SH SOLE 0 50,332 0
NATIONAL INFO CONSORTIUM COMMON 636491102 5,574 160,400 SH SOLE 0 160,400 0
NATIONAL SEMICONDUCTOR C COMMON 637640103 17,458 287,375 SH SOLE 0 287,375 0
NATIONAL SVC INDS INC. COMMON 637657107 5,971 283,500 SH SOLE 0 283,500 0
NESTLE S.A. COMMON 641069406 547 6,100 SH SOLE 0 6,100 0
NETIQ CORP. COMMON 64115P102 9,735 145,700 SH SOLE 0 145,700 0
NETWORK APPLIANCE INC. COMMON 64120L104 1,845 22,300 SH SOLE 0 22,300 0
NEW ERA OF NETWORKS INC. COMMON 644312100 4,508 114,850 SH SOLE 0 114,850 0
NEW YORK TIMES CO. COMMON 650111107 416 9,700 SH SOLE 0 9,700 0
NEXTEL PARTNERS INC. COMMON 65333F107 838 28,900 SH SOLE 0 28,900 0
NEXTLINK COMMUNICATIONS COMMON 65333H707 5,084 41,100 SH SOLE 0 41,100 0
NIKE INC. COMMON 654106103 10,164 256,500 SH SOLE 0 256,500 0
NOBLE AFFILIATES INC. COMMON 654894104 18,096 551,494 SH SOLE 0 551,494 0
NOKIA CORP. COMMON 654902204 14,302 64,425 SH SOLE 0 64,425 0
NOBLE DRILLING CORP. COMMON 655042109 13,147 317,758 SH SOLE 0 317,758 0
NORTEL NETWORKS CORP NEW COMMON 656568102 104,135 825,650 SH SOLE 0 825,650 0
NORTH FACE INC. COMMON 659317101 225 60,000 SH SOLE 0 60,000 0
NORTHERN TRUST CORP. COMMON 665859104 35,004 518,100 SH SOLE 0 518,100 0
</TABLE>
<PAGE> 13
FORM 13F Information Table
Page 11 of 16
<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> <C> <C>
ODS NETWORKS INC. COMMON 67082N109 1,272 53,000 SH SOLE 0 53,000 0
OFFICE DEPOT INC. COMMON 676220106 4,561 394,450 SH SOLE 0 394,450 0
OLD REP INTL CORP. COMMON 680223104 144 10,450 SH SOLE 0 10,450 0
OMNICOM GROUP INC. COMMON 681919106 1,030 11,000 SH SOLE 0 11,000 0
ORACLE CORP. COMMON 68389X105 80,580 1,032,251 SH SOLE 0 1,032,251 0
ORGANOGENESIS INC. COMMON 685906109 688 57,000 SH SOLE 0 57,000 0
OXFORD HEALTH PLANS INC. COMMON 691471106 12,355 810,150 SH SOLE 0 810,150 0
PSW TECHNOLOGIES INC. COMMON 69364J103 1,491 37,500 SH SOLE 0 37,500 0
PARK PL ENTMT CORP. COMMON 700690100 852 73,700 SH SOLE 0 73,700 0
PATTERSON DENTAL CO. COMMON 703412106 6,005 157,000 SH SOLE 0 157,000 0
PAWNMART INC. COMMON 704157106 80 52,000 SOLE 0 52,000 0
PAWNMART INC. COMMON 704157106 80 52,000 SOLE 0 52,000 0
PENDARIES PETE LTD. COMMON 706905106 95 29,300 SH SOLE 0 29,300 0
PEPSICO INC. COMMON 713448108 64,161 1,839,749 SH SOLE 0 1,839,749 0
PETROLEUM GEO-SVCS A/S COMMON 716597109 13,057 754,200 SH SOLE 0 754,200 0
PHARMACIA & UPJOHN INC. COMMON 716941109 96,700 1,625,216 SH SOLE 0 1,625,216 0
PFIZER INC. COMMON 717081103 21,914 599,362 SH SOLE 0 599,362 0
PHELPS DODGE CORP. COMMON 717265102 332 7,000 SH SOLE 0 7,000 0
PHILIP MORRIS COS INC. COMMON 718154107 7,151 338,500 SH SOLE 0 338,500 0
PINNACLE HLDGS INC. COMMON 72346N101 3,897 72,500 SH SOLE 0 72,500 0
PITNEY BOWES INC. COMMON 724479100 559 12,500 SH SOLE 0 12,500 0
POPULAR INC. COMMON 733174106 932 42,000 SH SOLE 0 42,000 0
PRENTISS PPTYS TR COMMON 740706106 1,752 78,500 SH SOLE 0 78,500 0
PRIME MED SVCS INC. NEW COMMON 74156D108 2,973 335,000 SH SOLE 0 335,000 0
PRIMUS KNOWLEDGE SOLUTIO COMMON 74163Q100 2,064 24,000 SH SOLE 0 24,000 0
PROCTER & GAMBLE COMPANY COMMON 742718109 13,446 237,977 SH SOLE 0 237,977 0
</TABLE>
<PAGE> 14
FORM 13F Information Table
Page 12 of 16
<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> <C> <C>
PROLOGIS TR COMMON 743410102 370 19,217 SH SOLE 0 19,217 0
PROVIDIAN FINL CORP. COMMON 74406A102 5,163 59,600 SH SOLE 0 59,600 0
PUBLIC SVC ENTERPRISE GR COMMON 744573106 323 10,900 SH SOLE 0 10,900 0
QLOGIC CORP. COMMON 747277101 285 2,100 SH SOLE 0 2,100 0
QUALCOMM INC. COMMON 747525103 373 2,500 SH SOLE 0 2,500 0
QUANTUM EFFECT DEVICES I COMMON 74764T107 1,011 12,700 SH SOLE 0 12,700 0
RADISYS CORP. COMMON 750459109 4,852 80,700 SH SOLE 0 80,700 0
RAILAMERICA INC. COMMON 750753105 8,683 1,286,332 SH SOLE 0 1,286,332 0
RAILAMERICA PFD CV 750990202 875 28,000 SH SOLE 0 28,000 0
READERS DIGEST ASSN INC. COMMON 755267101 12,371 349,700 SH SOLE 0 349,700 0
REGENT COMMUNICATIONS IN COMMON 758865109 2,291 185,100 SH SOLE 0 185,100 0
RELIANCE STEEL & ALUMINU COMMON 759509102 6,024 269,250 SH SOLE 0 269,250 0
REPUBLIC SVCS INC. COMMON 760759100 9,116 833,500 SH SOLE 0 833,500 0
ROYAL DUTCH PETE CO. COMMON 780257804 2,108 36,468 SH SOLE 0 36,468 0
SBC COMMUNICATIONS INC COMMON 78387G103 6,820 161,909 SH SOLE 0 161,909 0
SABINE ROYALTY TR COMMON 785688102 119 10,079 SH SOLE 0 10,079 0
SAGA COMMUNICATIONS COMMON 786598102 2,103 109,957 SH SOLE 0 109,957 0
ST JOE CO. COMMON 790148100 10,577 365,500 SH SOLE 0 365,500 0
SAKS INC. COMMON 79377W108 14,757 1,017,704 SH SOLE 0 1,017,704 0
SANTA FE SNYDER CORP. COMMON 80218K105 2,629 276,750 SH SOLE 0 276,750 0
SARA LEE CORPORATION COMMON 803111103 1,516 84,200 SH SOLE 0 84,200 0
SCHEIN HENRY INC. COMMON 806407102 2,732 168,800 SH SOLE 0 168,800 0
SCHERING-PLOUGH CORP. COMMON 806605101 97,294 2,620,725 SH SOLE 0 2,620,725 0
SCHLUMBERGER LIMITED COMMON 806857108 73,846 965,309 SH SOLE 0 965,309 0
SCIENTIFIC ATLANTA INC. COMMON 808655104 28,915 457,150 SH SOLE 0 457,150 0
</TABLE>
<PAGE> 15
FORM 13F Information Table
Page 13 of 16
<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> <C> <C>
SCOTT TECHNOLOGIES INC. COMMON 810022301 5,587 296,000 SH SOLE 0 296,000 0
SEAGRAM COMPANY LIMITED COMMON 811850106 845 14,200 SH SOLE 0 14,200 0
SEPRACOR INC. COMMON 817315104 211 2,900 SH SOLE 0 2,900 0
SERVICEMASTER CO. COMMON 81760N109 650 57,798 SH SOLE 0 57,798 0
SHELL TRANS & TRADING PL COMMON 822703609 623 12,700 SH SOLE 0 12,700 0
SHERWIN-WILLIAMS CO. COMMON 824348106 22,311 1,008,407 SH SOLE 0 1,008,407 0
SIMMONS 1ST NATL CORP. COMMON 828730200 227 8,840 SH SOLE 0 8,840 0
SMITH INTL INC. COMMON 832110100 7,955 102,650 SH SOLE 0 102,650 0
SMITHKLINE BEECHAM PLC COMMON 832378301 28,053 424,650 SH SOLE 0 424,650 0
SOUTHERN UN CO NEW COMMON 844030106 1,107 61,303 SH SOLE 0 61,303 0
SOUTHWEST AIRLS CO. COMMON 844741108 300 14,400 SH SOLE 0 14,400 0
SPECTRASITE HLDGS INC. COMMON 84760T100 3,109 109,800 SH SOLE 0 109,800 0
SPRINT CORP. COMMON 852061100 275 4,340 SH SOLE 0 4,340 0
STANCORP FINL GROUP INC. COMMON 852891100 2,119 77,400 SH SOLE 0 77,400 0
STATE STREET BOSTON CORP. COMMON 857477103 2,371 24,475 SH SOLE 0 24,475 0
STORAGE USA INC. COMMON 861907103 968 31,600 SH SOLE 0 31,600 0
SUN MICROSYSTEMS INC. COMMON 866810104 20,769 221,645 SH SOLE 0 221,645 0
SUNGARD DATA SYSTEMS INC. COMMON 867363103 14,325 379,480 SH SOLE 0 379,480 0
SWIFT TRANSN CO. COMMON 870756103 4,623 225,500 SH SOLE 0 225,500 0
SYBRON CORPORATION COMMON 87114F106 58,445 2,015,336 SH SOLE 0 2,015,336 0
SYSCO CORPORATION COMMON 871829107 8,211 227,300 SH SOLE 0 227,300 0
TRW INC. COMMON 872649108 605 10,350 SH SOLE 0 10,350 0
TMP WORLDWIDE INC. COMMON 872941109 2,395 30,800 SH SOLE 0 30,800 0
TACO CABANA INC. COMMON 873425102 1,604 270,100 SH SOLE 0 270,100 0
TANDY CORP. COMMON 875382103 17,995 354,575 SH SOLE 0 354,575 0
TARGET CORP. COMMON 87612E106 658 8,800 SH SOLE 0 8,800 0
</TABLE>
<PAGE> 16
FORM 13F Information Table
Page 14 of 16
<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> <C> <C>
TEKELEC COMMON 879101103 2,766 74,500 SH SOLE 0 74,500 0
TELEFONOS DE MEXICO S.A. COMMON 879403780 267 4,000 SH SOLE 0 4,000 0
TELIGENT INC. COMMON 87959Y103 234 3,500 SH SOLE 0 3,500 0
TENET HEALTHCARE CORP. COMMON 88033G100 12,953 557,100 SH SOLE 0 557,100 0
TEVA PHARMACEUTICAL INDS COMMON 881624209 22,967 615,525 SH SOLE 0 615,525 0
TEXACO INC. COMMON 881694103 9,429 175,418 SH SOLE 0 175,418 0
TEXAS INDUSTRIES INC. COMMON 882491103 932 29,483 SH SOLE 0 29,483 0
TEXAS INSTRS INC. COMMON 882508104 1,640 10,250 SH SOLE 0 10,250 0
TEXAS REGL BANCSHARES IN COMMON 882673106 8,246 324,150 SH SOLE 0 324,150 0
TIFFANY & CO NEW COMMON 886547108 393 4,700 SH SOLE 0 4,700 0
TIME WARNER INC. COMMON 887315109 215 2,148 SH SOLE 0 2,148 0
TRACTOR SUPPLY CO. COMMON 892356106 10,633 518,700 SH SOLE 0 518,700 0
TRIAD HOSPITALS INC. COMMON 89579K109 1,784 106,500 SH SOLE 0 106,500 0
TRIBUNE 2% 5/15/29 PFD CV 896047305 5,933 37,790 SH SOLE 0 37,790 0
TUESDAY MORNING CORP. COMMON 899035505 870 60,500 SH SOLE 0 60,500 0
TYCO INTL LTD NEW COMMON 902124106 54,180 1,080,895 SH SOLE 0 1,080,895 0
TYLER TECHNOLOGIES INC. COMMON 902252105 630 107,300 SH SOLE 0 107,300 0
UCAR INTL INC. COMMON 90262K109 1,615 122,500 SH SOLE 0 122,500 0
U S FOODSERVICE COMMON 90331R101 22,645 879,400 SH SOLE 0 879,400 0
UNION PACIFIC CORP. COMMON 907818108 2,171 55,500 SH SOLE 0 55,500 0
UNION PAC RES GROUP INC. COMMON 907834105 1,082 74,612 SH SOLE 0 74,612 0
UNITED PARCEL SERVICE IN COMMON 911312106 20,558 326,375 SH SOLE 0 326,375 0
UNITED STATES FILTER COR COMMON 911843209 731 23,200 SH SOLE 0 23,200 0
U S WEST COMMUNCTNS GRP COMMON 91273H101 5,933 81,690 SH SOLE 0 81,690 0
UNOCAL CORPORATION COMMON 915289102 5,639 189,545 SH SOLE 0 189,545 0
</TABLE>
<PAGE> 17
FORM 13F Information Table
Page 15 of 16
<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> <C> <C>
UROCOR INC. COMMON 91727P105 57 11,628 SH SOLE 0 11,628 0
VARCO INTL INC. COMMON 922126107 1,515 120,000 SH SOLE 0 120,000 0
VARIAN SEMICONDUCTOR EQU COMMON 922207105 1,871 29,400 SH SOLE 0 29,400 0
VASTAR RES INC. COMMON 922380100 1,226 16,500 SH SOLE 0 16,500 0
VEECO INSTRS INC. DEL COMMON 922417100 1,539 20,800 SH SOLE 0 20,800 0
VENTANA MED SYS INC. COMMON 92276H106 488 11,300 SH SOLE 0 11,300 0
VENATOR GROUP INC. COMMON 922944103 11,019 1,232,950 SH SOLE 0 1,232,950 0
VERITAS SOFTWARE CO. COMMON 923436109 1,996 15,237 SH SOLE 0 15,237 0
VIASYSTEMS GROUP INC. COMMON 92553H100 2,058 132,800 SH SOLE 0 132,800 0
VITESSE SEMICONDUCTOR CO. COMMON 928497106 298 3,100 SH SOLE 0 3,100 0
VODAFONE AIRTOUCH PLC COMMON 92857T107 8,828 158,890 SH SOLE 0 158,890 0
WAL-MART STORES INC. COMMON 931142103 27,235 482,040 SH SOLE 0 482,040 0
WALGREEN CO. COMMON 931422109 14,921 579,450 SH SOLE 0 579,450 0
WARNER LAMBERT COMPANY COMMON 934488107 1,162 11,900 SH SOLE 0 11,900 0
WASTE MGMT INC. DEL COMMON 94106L109 12,521 914,781 SH SOLE 0 914,781 0
WEATHERFORD INTL INC COMMON 947074100 6,264 107,081 SH SOLE 0 107,081 0
WELLS FARGO & CO NEW COMMON 949746101 70,721 1,735,474 SH SOLE 0 1,735,474 0
WEYERHAEUSER CO. COMMON 962166104 10,419 182,788 SH SOLE 0 182,788 0
WILLAMETTE INDS INC. COMMON 969133107 5,355 133,450 SH SOLE 0 133,450 0
WILLIAMS COMMUNICATIONS COMMON 969455104 1,063 20,500 SH SOLE 0 20,500 0
WIND RIVER SYSTEMS INC. COMMON 973149107 1,149 31,700 SH SOLE 0 31,700 0
WORLDCOM INC GA NEW COMMON 98157D106 69,613 1,536,296 SH SOLE 0 1,536,296 0
ZOLL MED CORP. COMMON 989922109 1,614 31,500 SH SOLE 0 31,500 0
FLAG TELECOM HOLDINGS LT COMMON G3529l102 8,398 371,175 SH SOLE 0 371,175 0
INTELLIGENT POLYMERS LTD. COMMON G48029105 5,298 153,000 SH SOLE 0 153,000 0
KNIGHTSBRIDGE TANKERS LT COMMON G5299g106 224 12,600 SH SOLE 0 12,600 0
</TABLE>
<PAGE> 18
FORM 13F Information Table
Page 16 of 16
<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> <C> <C>
TRANSOCEAN SEDCO FOREX I COMMON G90078109 1,373 26,758 SH SOLE 0 26,758 0
TRITON ENERGY LTD. COMMON G90751101 3,401 97,000 SH SOLE 0 97,000 0
STOLT COMEX SEAWAY SA COMMON L8873e103 2,572 183,700 SH SOLE 0 183,700 0
ECTEL LTD. COMMON M29925100 1,250 62,900 SH SOLE 0 62,900 0
VOCALTEC COMMUNICATIONS COMMON M97601104 1,602 55,000 SH SOLE 0 55,000 0
</TABLE>
