UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
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: YMCA RETIREMENT FUND
Address: 140 BROADWAY
New York, NY 10005
13F File Number: 28-00178
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: Richard Hill
Title: Treasurer
Phone: 646-458-2411
Signature, Place, and Date of Signing:
Richard Hill New York, New York October 25, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
<PAGE>
SEC13F.LNS YMCA RETIREMENT FUND
FORM 13F SUMMARY PAGE
AS OF DATE: 09/30/00
RUN DATE: 10/25/00 9:09 A.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 309
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,036,216,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
<PAGE>
FORM 13F SPECIAL ELECTRONIC FILING INSTRUCTIONS Continued
<TABLE> <C> <C>
PORTVUE-SEC13F.LNP YMCA RETIREMENT FUND PAGE 1
RUN DATE: 10/25/00 9:07 A.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/00
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3COM CORP COM 885535104 576 30000 SH DEFINED 0 30000 0
ABBOTT LABS COM 002824100 5422 114000 SH DEFINED 0 114000 0
ADC TELECOMMUNICATION INC COM COM 000886101 1345 50000 SH DEFINED 0 50000 0
ADOBE SYS INC COM COM 00724F101 1553 20000 SH DEFINED 0 20000 0
ADVANCED MICRO DEVICES COM 007903107 1188 50000 SH DEFINED 0 50000 0
AES CORP COM COM 00130H105 2055 30000 SH DEFINED 0 30000 0
AGILENT TECHNOLOGIES INC COM COM 00846U101 1213 24791 SH DEFINED 0 24791 0
AIR PRODS & CHEMS INC COM 009158106 1260 35000 SH DEFINED 0 35000 0
ALCOA INC COM COM 013817101 2531 100000 SH DEFINED 0 100000 0
ALLERGAN INC COM COM 018490102 802 9500 SH DEFINED 0 9500 0
ALLIANT CORP COM COM 018802108 294 10000 SH DEFINED 0 10000 0
ALLSTATE CORP COM COM 020002101 4691 135000 SH DEFINED 0 135000 0
ALLTEL CORP COM 020039103 1044 20000 SH DEFINED 0 20000 0
ALTERA CORP COM 021441100 1910 40000 SH DEFINED 0 40000 0
ALZA CORP COM 022615108 2336 27000 SH DEFINED 0 27000 0
AMERADA HESS CORP COM 023551104 469 7000 SH DEFINED 0 7000 0
AMEREN CORP COM COM 023608102 419 10000 SH DEFINED 0 10000 0
AMERICA ONLINE INC COM COM 02364J104 8331 155000 SH DEFINED 0 155000 0
AMERICAN ELECTRIC POWER COM 025537101 1487 38000 SH DEFINED 0 38000 0
AMERICAN EXPRESS CO COM 025816109 8505 140000 SH DEFINED 0 140000 0
AMERICAN GENERAL CORP COM 026351106 5850 75000 SH DEFINED 0 75000 0
AMERICAN HOME PRODS CORP COM 026609107 5390 95500 SH DEFINED 0 95500 0
AMERICAN INTL GROUP INC COM 026874107 20094 210000 SH DEFINED 0 210000 0
AMERICAN PWR CONVERSION CORPCO COM 029066107 288 15000 SH DEFINED 0 15000 0
AMERICAN TOWER CORP CL A COM 029912201 452 12000 SH DEFINED 0 12000 0
AMGEN INC. COM 031162100 5363 76800 SH DEFINED 0 76800 0
AMR CORP DEL COM COM 001765106 950 29000 SH DEFINED 0 29000 0
AMSOUTH BANCORP COM 032165102 1825 146000 SH DEFINED 0 146000 0
ANADARKO PETE CORP COM COM 032511107 665 10000 SH DEFINED 0 10000 0
ANALOG DEVICES INC COM 032654105 2483 30000 SH DEFINED 0 30000 0
ANTEC CORP COM COM 03664P105 738 25000 SH DEFINED 0 25000 0
APPLE COMPUTER INC COM 037833100 670 26000 SH DEFINED 0 26000 0
APPLIED MATLS INC COM 038222105 4448 75000 SH DEFINED 0 75000 0
ASHLAND INC COM COM 044204105 337 10000 SH DEFINED 0 10000 0
ASSOCIATES FIRST CAP CORP CL A COM 046008108 4005 105382 SH DEFINED 0 105382 0
AT HOME CORP COM SER A COM 045919107 706 50000 SH DEFINED 0 50000 0
AT & T CORP. COM 001957109 9828 334558 SH DEFINED 0 334558 0
AT & T WIRELESS GROUP COM 001957406 626 30000 SH DEFINED 0 30000 0
ATMEL CORP COM COM 049513104 608 40000 SH DEFINED 0 40000 0
AT&T CORP LIBERTY MEDIA CL A COM 001957208 10838 600000 SH DEFINED 0 600000 0
AUTOMATIC DATA PROCESSING COM COM 053015103 7985 119400 SH DEFINED 0 119400 0
AVERY DENNISON CORP COM COM 053611109 1623 35000 SH DEFINED 0 35000 0
AVON PRODS INC COM COM 054303102 5314 130000 SH DEFINED 0 130000 0
BAKER HUGHES INC COM 057224107 2970 80000 SH DEFINED 0 80000 0
BANK NEW YORK INC COM 064057102 8475 150000 SH DEFINED 0 150000 0
BANK OF AMERICA COM 060505104 7891 150672 SH DEFINED 0 150672 0
BARD C R INC COM COM 067383109 211 5000 SH DEFINED 0 5000 0
BAXTER INTL INC COM COM 071813109 3991 50000 SH DEFINED 0 50000 0
BELLSOUTH CORP COM 079860102 6480 160000 SH DEFINED 0 160000 0
BEST BUY INC COM COM 086516101 5090 80000 SH DEFINED 0 80000 0
BIOGEN N V COM 090597105 671 11000 SH DEFINED 0 11000 0
BLACK & DECKER CORP COM COM 091797100 2051 60000 SH DEFINED 0 60000 0
BMC SOFTWARE INC COM 055921100 861 45000 SH DEFINED 0 45000 0
BOEING CO COM COM 097023105 4079 65000 SH DEFINED 0 65000 0
BOSTON SCIENTIFIC CORP COM COM 101137107 247 15000 SH DEFINED 0 15000 0
BRIGGS & STRATTON CORP COM COM 109043109 567 15000 SH DEFINED 0 15000 0
BRISTOL MYERS SQUIBB CO COM COM 110122108 8361 145400 SH DEFINED 0 145400 0
BROADCOM CORP COM COM 111320107 2438 10000 SH DEFINED 0 10000 0
BROADWING INC COM COM 111620100 639 25000 SH DEFINED 0 25000 0
BROCADE COMMUNICATIONS SYS ICO COM 111621108 2360 10000 SH DEFINED 0 10000 0
BURLINGTON RESOURCES INC COM 122014103 1104 30000 SH DEFINED 0 30000 0
C P & L ENERGY COM 12614C106 626 15000 SH DEFINED 0 15000 0
CABLEVISION SYS CORP COM 12686C109 1335 20000 SH DEFINED 0 20000 0
CALPINE CORP COM COM 131347106 1253 12000 SH DEFINED 0 12000 0
CARDINAL HEALTH INC COM COM 14149Y108 2602 29500 SH DEFINED 0 29500 0
CATALINA MARKETING CORP COM COM 148867104 2991 79500 SH DEFINED 0 79500 0
CATERPILLAR INC COM 149123101 1240 40000 SH DEFINED 0 40000 0
CENTURYTEL, INC COM 156700106 409 15000 SH DEFINED 0 15000 0
CERIDIAN CORP COM 15677T106 1123 40000 SH DEFINED 0 40000 0
CHEVRON CORP COM 166751107 4407 51700 SH DEFINED 0 51700 0
CIENA CORP COM COM 171779101 2456 20000 SH DEFINED 0 20000 0
CISCO SYS INC COM 17275R102 28730 520000 SH DEFINED 0 520000 0
CITIGROUP INC. COM 172967101 23427 433333 SH DEFINED 0 433333 0
CLEAR CHANNEL COMMUNICATIONSCO COM 184502102 2825 50000 SH DEFINED 0 50000 0
CLOROX CO COM COM 189054109 989 25000 SH DEFINED 0 25000 0
COCA COLA CO COM COM 191216100 7718 140000 SH DEFINED 0 140000 0
COCA COLA ENTERPRISES INC COM COM 191219104 1594 100000 SH DEFINED 0 100000 0
COGNEX CORP COM COM 192422103 394 10000 SH DEFINED 0 10000 0
COLGATE PALMOLIVE CO COM COM 194162103 2124 45000 SH DEFINED 0 45000 0
COMCAST CORP CL A SPL COM 200300200 3275 80000 SH DEFINED 0 80000 0
COMPAQ COMPUTER CORP COM 204493100 3578 130000 SH DEFINED 0 130000 0
COMPUTER ASSOC INTL INC COM 204912109 1519 60000 SH DEFINED 0 60000 0
COMPUTER SCIENCES CORP COM 205363104 1114 15000 SH DEFINED 0 15000 0
COMPUWARE CORP COM 205638109 712 85000 SH DEFINED 0 85000 0
CONEXANT SYS INC COM COM 207142100 1675 40000 SH DEFINED 0 40000 0
CONOCO INC CL B COM 208251405 1778 66000 SH DEFINED 0 66000 0
CORNING INC COM 219350105 5940 60000 SH DEFINED 0 60000 0
COSTCO WHOLESALE CORP COM 22160K105 1048 30000 SH DEFINED 0 30000 0
COVAD COMMUNICATIONS GROUP ICO COM 222814204 803 60000 SH DEFINED 0 60000 0
CREDENCE SYS CORP COM COM 225302108 450 15000 SH DEFINED 0 15000 0
CROWN MEDIA COM 228411104 709 50000 SH DEFINED 0 50000 0
CUMMINS ENGINE INC COM COM 231021106 479 16000 SH DEFINED 0 16000 0
CVS CORPORATION COM 126650100 1853 40000 SH DEFINED 0 40000 0
CYPRESS SEMICONDUCTOR CORP COM COM 232806109 831 20000 SH DEFINED 0 20000 0
DANAHER CORP SHS BEN INT COM 235851102 746 15000 SH DEFINED 0 15000 0
DEERE & CO. COM 244199105 1164 35000 SH DEFINED 0 35000 0
DELL COMPUTER CORP COM COM 247025109 5238 170000 SH DEFINED 0 170000 0
DELPHI AUTOMOTIVE SYS CORP COM COM 247126105 620 40967 SH DEFINED 0 40967 0
DELTA AIR LINES INC DEL COM COM 247361108 976 22000 SH DEFINED 0 22000 0
DEVON ENERGY CORP NEW COM COM 25179M103 614 10200 SH DEFINED 0 10200 0
DIAMOND OFFSHORE DRILLNG INCCO COM 25271C102 410 10000 SH DEFINED 0 10000 0
DIME BANCORP INC COM 25429Q102 3560 160000 SH DEFINED 0 160000 0
DISNEY WALT PRODTNS COM 254687106 6885 180000 SH DEFINED 0 180000 0
DOMINION RES INC VA COM 25746U109 1162 20000 SH DEFINED 0 20000 0
DOVER CORP COM COM 260003108 704 15000 SH DEFINED 0 15000 0
DOW CHEM CO COM COM 260543103 374 15000 SH DEFINED 0 15000 0
DPL INC COM 233293109 298 10000 SH DEFINED 0 10000 0
DTE ENERGY CO COM COM 233331107 765 20000 SH DEFINED 0 20000 0
DU PONT E I DE NEMOURS CO COM 263534109 2964 72508 SH DEFINED 0 72508 0
DUKE PWR CO COM 264399106 1458 17000 SH DEFINED 0 17000 0
DYNEGY INC NEW CL A COM 26816Q101 570 10000 SH DEFINED 0 10000 0
E M C CORP MASS COM COM 268648102 15920 160000 SH DEFINED 0 160000 0
ECHOSTAR COMMUN CORP NEW CL A COM 278762109 1319 25000 SH DEFINED 0 25000 0
EFFICIENT NETWORKS INC COM COM 282056100 567 15205 SH DEFINED 0 15205 0
EL PASO ENERGY CORP DEL COM COM 283905107 1233 20000 SH DEFINED 0 20000 0
ELAN PLC ADR COM 284131208 1533 28000 SH DEFINED 0 28000 0
ELECTRONIC DATA SYS CORP NEWCO COM 285661104 1660 40000 SH DEFINED 0 40000 0
ELECTRONICS FOR IMAGING INC CO COM 286082102 758 30000 SH DEFINED 0 30000 0
EMERSON ELEC CO COM COM 291011104 2345 35000 SH DEFINED 0 35000 0
ENRON CORP COM 293561106 4557 52000 SH DEFINED 0 52000 0
ENTRAVISION COMM CORP CL A COM 29382R107 608 35000 SH DEFINED 0 35000 0
EXODUS COMMUNICATIONS INC COM COM 302088109 889 18000 SH DEFINED 0 18000 0
EXPRESS SCRIPTS INC CL A COM 302182100 1156 16000 SH DEFINED 0 16000 0
EXXON CORPORATION COM 30231G102 25539 286620 SH DEFINED 0 286620 0
FEDERAL HOME LN MTG CORP COM COM 313400301 4866 90000 SH DEFINED 0 90000 0
FEDERAL NAT MORTGAGE ASSN COM 313586109 7279 101800 SH DEFINED 0 101800 0
FEDERATED DEPT STORES INC DECO COM 31410H101 1568 60000 SH DEFINED 0 60000 0
FIFTH THIRD BANCORP COM COM 316773100 2155 40000 SH DEFINED 0 40000 0
FIRST HEALTH GROUP CORP COM COM 320960107 323 10000 SH DEFINED 0 10000 0
FIRSTENERGY CORP COM COM 337932107 674 25000 SH DEFINED 0 25000 0
FORD MTR CO DEL COM PAR $0.01 COM 345370860 3443 135000 SH DEFINED 0 135000 0
FOREST LABS INC COM COM 345838106 745 6500 SH DEFINED 0 6500 0
FPL GROUP INC COM COM 302571104 986 15000 SH DEFINED 0 15000 0
GANNETT INC COM COM 364730101 1590 30000 SH DEFINED 0 30000 0
GARTNER GROUP INC NEW CL A COM 366651107 1163 100000 SH DEFINED 0 100000 0
GATEWAY INC. COM 367626108 724 15000 SH DEFINED 0 15000 0
GENENTECH INC COM NEW COM 368710406 1486 16000 SH DEFINED 0 16000 0
GENERAL DYNAMICS CORP COM COM 369550108 942 15000 SH DEFINED 0 15000 0
GENERAL ELEC CO COM 369604103 42492 735000 SH DEFINED 0 735000 0
GENERAL MLS INC COM COM 370334104 2130 60000 SH DEFINED 0 60000 0
GENERAL MTRS CORP COM 370442105 2568 39500 SH DEFINED 0 39500 0
GENERAL MTRS CORP CL H NEW COM 370442832 1115 30000 SH DEFINED 0 30000 0
GENUITY INC CL A COM 37248E103 144 22000 SH DEFINED 0 22000 0
GENZYME CORP COM 372917104 477 7000 SH DEFINED 0 7000 0
GILLETTE CO COM COM 375766102 2470 80000 SH DEFINED 0 80000 0
GOLDEN WEST FINL CORP DEL COM COM 381317106 536 10000 SH DEFINED 0 10000 0
GOLDMAN SACHS GROUP INC COM COM 38141G104 1710 15000 SH DEFINED 0 15000 0
GRAINGER, W W INC COM 384802104 789 30000 SH DEFINED 0 30000 0
GUIDANT CORP COM 401698105 1598 22600 SH DEFINED 0 22600 0
HALLIBURTON CO COM COM 406216101 2447 50000 SH DEFINED 0 50000 0
HARLEY DAVIDSON INC COM COM 412822108 4788 100000 SH DEFINED 0 100000 0
HARTFORD FINANCIAL SERVICES COM 416515104 7288 100000 SH DEFINED 0 100000 0
HCA-HEALTHCARE CO COM COM 404119109 1485 40000 SH DEFINED 0 40000 0
HEINZ H J CO COM COM 423074103 2594 70000 SH DEFINED 0 70000 0
HEWLETT PACKARD CO COM 428236103 6045 62000 SH DEFINED 0 62000 0
HOME DEPOT INC COM 437076102 10058 190000 SH DEFINED 0 190000 0
HONEYWELL INTERNATIONAL, INC. COM 438516106 1959 55001 SH DEFINED 0 55001 0
HUBBELL HARVEY INC CLASS B COM 443510201 752 30000 SH DEFINED 0 30000 0
I2 TECHNOLOGIES INC COM COM 465754109 1309 7000 SH DEFINED 0 7000 0
ILLINOIS TOOL WKS INC COM COM 452308109 559 10000 SH DEFINED 0 10000 0
IMMUNEX CORP NEW COM COM 452528102 870 20000 SH DEFINED 0 20000 0
INFORMIX CORP COM COM 456779107 619 150000 SH DEFINED 0 150000 0
INGERSOLL-RAND COMPANY COM 456866102 916 27000 SH DEFINED 0 27000 0
INTEL CORP COM 458140100 21613 520000 SH DEFINED 0 520000 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 15768 140000 SH DEFINED 0 140000 0
INTERNATIONAL PAPER CO COM 460146103 2582 90000 SH DEFINED 0 90000 0
JDS UNIPHASE CORP COM COM 46612J101 4924 52000 SH DEFINED 0 52000 0
JOHNSON & JOHNSON COM 478160104 9671 102948 SH DEFINED 0 102948 0
JUNIPER NETWORKS INC COM COM 48203R104 3284 15000 SH DEFINED 0 15000 0
KANSAS CITY SOUTHERN INDUSTRIE COM 485170302 348 40000 SH DEFINED 0 40000 0
KERR-MCGEE CORP COM 492386107 663 10000 SH DEFINED 0 10000 0
KLA INSTRS CORP COM COM 482480100 1030 25000 SH DEFINED 0 25000 0
KROGER CO COM COM 501044101 1579 70000 SH DEFINED 0 70000 0
LAM RESEARCH CORP COM COM 512807108 209 10000 SH DEFINED 0 10000 0
LEVEL 3 COMMUNICATIONS INC COM COM 52729N100 1543 20000 SH DEFINED 0 20000 0
LEXMARK INTL GROUP INC CL A COM 529771107 563 15000 SH DEFINED 0 15000 0
LILLY ELI & CO COM 532457108 5638 69500 SH DEFINED 0 69500 0
LINEAR TECHNOLOGY CORP COM COM 535678106 1619 25000 SH DEFINED 0 25000 0
LOCKHEED MARTIN CORP COM COM 539830109 1317 40000 SH DEFINED 0 40000 0
LOWES CO COM 548661107 3590 80000 SH DEFINED 0 80000 0
LSI LOGIC CORP COM 502161102 1463 50000 SH DEFINED 0 50000 0
LUCENT TECHNOLOGIES INC COM COM 549463107 7778 255000 SH DEFINED 0 255000 0
L-3 COMMUNICATIONS HLDGS INCCO COM 502424104 283 5000 SH DEFINED 0 5000 0
MARSHALL & ILSLEY CORP COM 571834100 3008 60000 SH DEFINED 0 60000 0
MARTEK BIOSCIENCES CORP COM 572901106 4193 215000 SH DEFINED 0 215000 0
MASCO CORP COM 574599106 652 35000 SH DEFINED 0 35000 0
MAXIM INTEGRATED PRODS INC COM COM 57772K101 1609 20000 SH DEFINED 0 20000 0
MCDONALDS CORP COM 580135101 3019 100000 SH DEFINED 0 100000 0
MCGRAW HILL INC COM COM 580645109 953 15000 SH DEFINED 0 15000 0
MCLEODUSA INC COM COM 582266102 573 40000 SH DEFINED 0 40000 0
MEDIMMUNE INC COM COM 584699102 1190 15400 SH DEFINED 0 15400 0
MEDTRONIC INC COM 585055106 5181 100000 SH DEFINED 0 100000 0
MELLON FINL CORP COM 58551A108 5797 125000 SH DEFINED 0 125000 0
MERCK & CO INC COM 589331107 12357 166000 SH DEFINED 0 166000 0
MERRILL LYNCH & CO INC COM COM 590188108 4620 70000 SH DEFINED 0 70000 0
METLIFE INC. COM 59156R108 524 20000 SH DEFINED 0 20000 0
MICROCHIP TECHNOLOGY INC COM COM 595017104 744 22500 SH DEFINED 0 22500 0
MICRON TECHNOLOGY INC COM COM 595112103 2300 50000 SH DEFINED 0 50000 0
MICROSOFT CORP COM 594918104 18094 300000 SH DEFINED 0 300000 0
MILLIPORE CORP COM COM 601073109 727 15000 SH DEFINED 0 15000 0
MINNESOTA MNG & MFG CO COM 604059105 2825 31000 SH DEFINED 0 31000 0
MOLEX INC COM COM 608554101 1089 20000 SH DEFINED 0 20000 0
MORGAN J.P. & CO INC COM 616880100 817 5000 SH DEFINED 0 5000 0
MORGAN STANLEY DEAN WITTER DIS COM 617446448 8687 95000 SH DEFINED 0 95000 0
MOTOROLA INC COM 620076109 5458 185000 SH DEFINED 0 185000 0
NASDAQ 100 TR UNIT SER 1 COM 631100104 9769 110000 SH DEFINED 0 110000 0
NATL SEMICONDUCTOR COM 637640103 1630 40000 SH DEFINED 0 40000 0
NETWORK APPLIANCE INC COM COM 64120L104 1911 15000 SH DEFINED 0 15000 0
NEXTEL COMMUNICATIONS INC CL A COM 65332V103 1403 30000 SH DEFINED 0 30000 0
NEXTLINK COMMUNICATIONS INC CL COM 65333H707 528 15000 SH DEFINED 0 15000 0
NISOURCE INC COM 65473P105 366 15000 SH DEFINED 0 15000 0
NORTHERN TRUST CORP COM 665859104 1778 20000 SH DEFINED 0 20000 0
NOVELLUS SYSTEMS INC COM 670008101 931 20000 SH DEFINED 0 20000 0
NRG ENERGY INC COM COM 629377102 730 20000 SH DEFINED 0 20000 0
OCCIDENTAL PETE CORP COM 674599105 1418 65000 SH DEFINED 0 65000 0
OCEAN ENERGY INC. COM 67481E106 775 50000 SH DEFINED 0 50000 0
ORACLE SYS CORP COM 68389X105 12994 330000 SH DEFINED 0 330000 0
PALM INC COM COM 696642107 1853 35000 SH DEFINED 0 35000 0
PARKER HANNIFIN CORP COM COM 701094104 844 25000 SH DEFINED 0 25000 0
PECO ENERGY CO COM 693304107 909 15000 SH DEFINED 0 15000 0
PEOPLESOFT INC COM COM 712713106 1537 55000 SH DEFINED 0 55000 0
PEPSI BOTTLING GROUP INC COM COM 713409100 1503 50000 SH DEFINED 0 50000 0
PEPSICO INC COM 713448108 5060 110000 SH DEFINED 0 110000 0
PFIZER INC COM 717081103 21169 471250 SH DEFINED 0 471250 0
PG&E CORP COM COM 69331C108 968 40000 SH DEFINED 0 40000 0
PHARMACIA CORP COM 71713U102 8727 145000 SH DEFINED 0 145000 0
PHILLIPS PETROLEUM COMPANY COM 718507106 941 15000 SH DEFINED 0 15000 0
PINNACLE WEST CAP CORP COM COM 723484101 254 5000 SH DEFINED 0 5000 0
PITNEY BOWES INC COM COM 724479100 1183 30000 SH DEFINED 0 30000 0
PMC-SIERRA INC COM COM 69344F106 2045 9500 SH DEFINED 0 9500 0
POWERWAVE TECHNOLOGIES INC COM COM 739363109 380 10000 SH DEFINED 0 10000 0
PROCTER & GAMBLE CO COM 742718109 6566 98000 SH DEFINED 0 98000 0
PSINET INC COM COM 74437C101 289 30000 SH DEFINED 0 30000 0
QUALCOMM INC COM COM 747525103 3206 45000 SH DEFINED 0 45000 0
QWEST COMMUNICATIONS INTL INCO COM 749121109 3850 80000 SH DEFINED 0 80000 0
RAYTHEON CO CL B COM 755111408 853 30000 SH DEFINED 0 30000 0
RELIANT ENERGY INC COM COM 75952J108 930 20000 SH DEFINED 0 20000 0
RF MICRO DEVICES INC COM COM 749941100 800 25000 SH DEFINED 0 25000 0
SAFEWAY INC COM NEW COM 786514208 4669 100000 SH DEFINED 0 100000 0
SANMINA CORP COM COM 800907107 936 10000 SH DEFINED 0 10000 0
SBC COMMUNICATIONS, INC COMMON COM 78387G103 14963 300000 SH DEFINED 0 300000 0
SCHERING PLOUGH CORP COM 806605101 4936 106000 SH DEFINED 0 106000 0
SCHWAB CHARLES CORP NEW COM COM 808513105 2483 70000 SH DEFINED 0 70000 0
SCI SYS INC COM COM 783890106 1025 25000 SH DEFINED 0 25000 0
SCIENT CORP COM COM 80864H109 209 10000 SH DEFINED 0 10000 0
SCIENTIFIC ATLANTA INC COM 808655104 1909 30000 SH DEFINED 0 30000 0
SDL INC COM COM 784076101 928 3000 SH DEFINED 0 3000 0
SEAGATE TECHNOLOGY COM 811804103 1380 20000 SH DEFINED 0 20000 0
SEALED AIR CORP NEW COM COM 81211K100 905 20000 SH DEFINED 0 20000 0
SEALED AIR CORP NEW PFD CONV A CONVERTIBLE PREF 81211K209 2925 65000 SH DEFINED 0 65000 0
SEMPRA ENERGY COM COM 816851109 521 25000 SH DEFINED 0 25000 0
SIEBEL SYS INC COM COM 826170102 2783 25000 SH DEFINED 0 25000 0
SOLECTRON CORP COM COM 834182107 1845 40000 SH DEFINED 0 40000 0
SOUTHERN CO COM 842587107 1623 50000 SH DEFINED 0 50000 0
SOUTHWEST AIRLS CO COM COM 844741108 2546 105000 SH DEFINED 0 105000 0
SPDR TR UNIT SER 1 COM 78462F103 69227 482000 SH DEFINED 0 482000 0
SPRINT CORP COM COM 852061100 1788 61000 SH DEFINED 0 61000 0
SPRINT CORP PCS COM SER 1 COM 852061506 1229 35000 SH DEFINED 0 35000 0
SPX CORP COM COM 784635104 710 5000 SH DEFINED 0 5000 0
STATE STR CORP COM COM 857477103 4879 37500 SH DEFINED 0 37500 0
SUN MICROSYSTEM INC COM COM 866810104 13426 115000 SH DEFINED 0 115000 0
SUNGARD DATA SYS INC COM COM 867363103 2141 50000 SH DEFINED 0 50000 0
SUNOCO INC COM COM 86764P109 269 10000 SH DEFINED 0 10000 0
SYMANTEC CORP COM COM 871503108 880 20000 SH DEFINED 0 20000 0
TARGET CORP COM 87612E106 1794 70000 SH DEFINED 0 70000 0
TEKTRONIX INC COM COM 879131100 960 12500 SH DEFINED 0 12500 0
TELEPHONE & DATA SYS INC COM COM 879433100 1107 10000 SH DEFINED 0 10000 0
TELLABS INC COM COM 879664100 1194 25000 SH DEFINED 0 25000 0
TENET HEALTHCARE CORP COM COM 88033G100 1130 31000 SH DEFINED 0 31000 0
TERADYNE INC COM COM 880770102 1050 30000 SH DEFINED 0 30000 0
TERAYON COMMUNICATION SYS COM COM 880775101 339 10000 SH DEFINED 0 10000 0
TEXACO INC COM 881694103 3413 65000 SH DEFINED 0 65000 0
TEXAS INSTRUMENTS INC COM 882508104 6633 140000 SH DEFINED 0 140000 0
TEXTRON INC COM COM 883203101 416 9000 SH DEFINED 0 9000 0
THE CHASE MANHATTAN CORPORATIO COM 16161A108 3810 82500 SH DEFINED 0 82500 0
THERMO ELECTRON CORP COM COM 883556102 780 30000 SH DEFINED 0 30000 0
TIME WARNER INC COM COM 887315109 7050 90000 SH DEFINED 0 90000 0
TOSCO CORP COM NEW COM 891490302 312 10000 SH DEFINED 0 10000 0
TXU CORP COM 873168108 1586 40000 SH DEFINED 0 40000 0
UNICOM CORP COM COM 904911104 843 15000 SH DEFINED 0 15000 0
UNION CARBIDE CORP COM COM 905581104 1133 30000 SH DEFINED 0 30000 0
UNISYS CORP COM COM 909214108 619 55000 SH DEFINED 0 55000 0
UNITED PARCEL SERVICE COM 911312106 1579 28000 SH DEFINED 0 28000 0
UNITED TECHNOLOGIES CORP COM COM 913017109 2081 30000 SH DEFINED 0 30000 0
UNITEDHEALTH GROUP INC COM COM 91324P102 1580 16000 SH DEFINED 0 16000 0
UNIVISION COMMUNICATIONS INCCL COM 914906102 2990 80000 SH DEFINED 0 80000 0
UNOCAL CORP COM COM 915289102 1063 30000 SH DEFINED 0 30000 0
UNUMPROVIDENT CORP COM 91529Y106 1363 50000 SH DEFINED 0 50000 0
US BANCORP COM 902973106 1706 75000 SH DEFINED 0 75000 0
USX-MARATHON GROUP COM NEW COM 902905827 1561 55000 SH DEFINED 0 55000 0
VERISIGN INC COM COM 92343E102 1013 5000 SH DEFINED 0 5000 0
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LINE COUNT: 309
</TABLE>
