UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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 March 17, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
<PAGE>
YMCA RETIREMENT FUND
FORM 13F SUMMARY PAGE
AS OF DATE: 3/31/00
RUN DATE: 04/17/00 10:56 A.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 348
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,247,695,000
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: 04/17/00 10:56 A.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
31 BIOSCIENCE (GBP) 0.25 COM 990097701 11824 1700000 SH DEFINED 0 1700000 0
3COM CORP COM 885535104 1669 30000 SH DEFINED 0 30000 0
ABBOTT LABS COM 002824100 1759 50000 SH DEFINED 0 50000 0
ADECCO COM 994007029 2137 3090 SH DEFINED 0 3090 0
ADOBE SYS INC COM COM 00724F101 1336 12000 SH DEFINED 0 12000 0
ADVANCED MICRO DEVICES COM 007903107 1141 20000 SH DEFINED 0 20000 0
AES CORP COM COM 00130H105 1575 20000 SH DEFINED 0 20000 0
AGCO CORP COM COM 001084102 683 60000 SH DEFINED 0 60000 0
ALBERTSONS INC COM 013104104 926 30000 SH DEFINED 0 30000 0
ALCOA INC COM COM 013817101 3513 50000 SH DEFINED 0 50000 0
ALIGN-RITE INTL INC COM COM 016251100 413 15000 SH DEFINED 0 15000 0
ALLIANT CORP COM COM 018802108 1522 50000 SH DEFINED 0 50000 0
ALLSTATE CORP COM COM 020002101 2977 125000 SH DEFINED 0 125000 0
ALLTEL CORP COM 020039103 2523 40000 SH DEFINED 0 40000 0
ALPHARMA INC CL A COM 020813101 2389 65000 SH DEFINED 0 65000 0
ALTERA CORP COM 021441100 1785 20000 SH DEFINED 0 20000 0
ALZA CORP COM 022615108 451 12000 SH DEFINED 0 12000 0
AMERICA ONLINE INC COM COM 02364J104 8093 120000 SH DEFINED 0 120000 0
AMERICAN EXPRESS CO COM 025816109 4915 33000 SH DEFINED 0 33000 0
AMERICAN GENERAL CORP COM 026351106 2526 45000 SH DEFINED 0 45000 0
AMERICAN HOME PRODS CORP COM 026609107 5671 105500 SH DEFINED 0 105500 0
AMERICAN INTL GROUP INC COM 026874107 13688 125000 SH DEFINED 0 125000 0
AMERICAN PWR CONVERSION CORPCO COM 029066107 643 15000 SH DEFINED 0 15000 0
AMERISOURCE HEALTH CORP CL A COM 03071P102 1535 102300 SH DEFINED 0 102300 0
AMGEN INC. COM 031162100 1854 30200 SH DEFINED 0 30200 0
AMKOR TECHNOLOGY INC COM COM 031652100 531 10000 SH DEFINED 0 10000 0
AMR CORP DEL COM COM 001765106 924 29000 SH DEFINED 0 29000 0
ANALOG DEVICES INC COM 032654105 2818 35000 SH DEFINED 0 35000 0
ANGLO IRISH BANK (DUBLIN) COM 994032775 251 103009 SH DEFINED 0 103009 0
ANGLO IRISH BANK (GBP) COM 990198789 183 74435 SH DEFINED 0 74435 0
APACHE CORP COM 037411105 348 7000 SH DEFINED 0 7000 0
APPLE COMPUTER INC COM 037833100 1494 11000 SH DEFINED 0 11000 0
APPLIED MATLS INC COM 038222105 5655 60000 SH DEFINED 0 60000 0
ASSOCIATES FIRST CAP CORP CL A COM 046008108 1184 55382 SH DEFINED 0 55382 0
ASTRAZENECA ORD COM 995241503 20922 517951 SH DEFINED 0 517951 0
AT HOME CORP COM SER A COM 045919107 1318 40000 SH DEFINED 0 40000 0
AT & T CORP. COM 001957109 15348 272542 SH DEFINED 0 272542 0
ATLANTIC RICHFIELD CO COM COM 048825103 2975 35000 SH DEFINED 0 35000 0
AT&T CORP LIBERTY MEDIA CL A COM 001957208 20166 340000 SH DEFINED 0 340000 0
AUTOMATIC DATA PROCESSING COM COM 053015103 6774 140400 SH DEFINED 0 140400 0
AVON PRODS INC COM COM 054303102 3803 130000 SH DEFINED 0 130000 0
AVT CORP COM COM 002420107 886 75000 SH DEFINED 0 75000 0
BAKER HUGHES INC COM 057224107 2420 80000 SH DEFINED 0 80000 0
BANK NEW YORK INC COM 064057102 4988 120000 SH DEFINED 0 120000 0
BANK OF AMERICA COM 060505104 7376 140672 SH DEFINED 0 140672 0
BANK SARASIN COM 994149545 2767 1000 SH DEFINED 0 1000 0
BAXTER INTL INC COM COM 071813109 3448 55000 SH DEFINED 0 55000 0
BELL ATLANTIC CORP COM 077853109 9474 155000 SH DEFINED 0 155000 0
BELLSOUTH CORP COM 079860102 7031 150000 SH DEFINED 0 150000 0
BEST BUY INC COM COM 086516101 8600 100000 SH DEFINED 0 100000 0
BESTFOODS COM 08658U101 1873 40000 SH DEFINED 0 40000 0
BIOGEN N V COM 090597105 4193 60000 SH DEFINED 0 60000 0
BLACK & DECKER CORP COM COM 091797100 3005 80000 SH DEFINED 0 80000 0
BMC SOFTWARE INC COM 055921100 1234 25000 SH DEFINED 0 25000 0
BOEING CO COM COM 097023105 3403 90000 SH DEFINED 0 90000 0
BP AMOCO ADS COM 055622104 9585 180000 SH DEFINED 0 180000 0
BRIGGS & STRATTON CORP COM COM 109043109 617 15000 SH DEFINED 0 15000 0
BRISTOL MYERS SQUIBB CO COM COM 110122108 9222 159000 SH DEFINED 0 159000 0
BRITISH TELECOM PLC COM 990140843 6654 355000 SH DEFINED 0 355000 0
BROADCOM CORP COM COM 111320107 2429 10000 SH DEFINED 0 10000 0
BROCADE COMMUNICATIONS SYS ICO COM 111621108 4483 25000 SH DEFINED 0 25000 0
BRUNSWICK CORP COM COM 117043109 284 15000 SH DEFINED 0 15000 0
BURLINGTON RESOURCES INC COM 122014103 2220 60000 SH DEFINED 0 60000 0
CABLETRON SYS INC COM COM 126920107 879 30000 SH DEFINED 0 30000 0
CABLEVISION SYS CORP COM 12686C109 1215 20000 SH DEFINED 0 20000 0
CADENCE DESIGNS SYS INC COM COM 127387108 516 25000 SH DEFINED 0 25000 0
CALPINE CORP COM COM 131347106 564 6000 SH DEFINED 0 6000 0
CAMBRIDGE TECH PTNRS MA INC CO COM 132524109 1085 80000 SH DEFINED 0 80000 0
CAMDEN PPTY TR SH BEN INT COM 133131102 1488 55000 SH DEFINED 0 55000 0
CARTER WALLACE INC COM COM 146285101 891 47500 SH DEFINED 0 47500 0
CATALINA MARKETING CORP COM COM 148867104 2683 26500 SH DEFINED 0 26500 0
CATERPILLAR INC COM 149123101 1775 45000 SH DEFINED 0 45000 0
CBS CORPORATION COM 12490K107 3398 60000 SH DEFINED 0 60000 0
CENTRAL POWER & LIGHT 8% PFD PREFERRED STOCKS 12615P205 2125 100000 SH DEFINED 0 100000 0
CENTURYTEL, INC COM 156700106 1114 30000 SH DEFINED 0 30000 0
CERIDIAN CORP COM 15677T106 1343 70000 SH DEFINED 0 70000 0
CERT WOLTERS KLUWER COM 994977111 3957 172324 SH DEFINED 0 172324 0
CHEVRON CORP COM 166751107 6628 71700 SH DEFINED 0 71700 0
CISCO SYS INC COM 17275R102 41749 540000 SH DEFINED 0 540000 0
CITIGROUP INC. COM 172967101 20358 340000 SH DEFINED 0 340000 0
CLEAR CHANNEL COMMUNICATIONSCO COM 184502102 6906 100000 SH DEFINED 0 100000 0
CLOROX CO COM COM 189054109 825 25000 SH DEFINED 0 25000 0
COASTAL CORP COM 190441105 720 15000 SH DEFINED 0 15000 0
COCA COLA CO COM COM 191216100 8308 177000 SH DEFINED 0 177000 0
COCA COLA ENTERPRISES INC COM COM 191219104 2156 100000 SH DEFINED 0 100000 0
COLGATE PALMOLIVE CO COM COM 194162103 1409 25000 SH DEFINED 0 25000 0
COM21 INC COM COM 205937105 1373 29216 SH DEFINED 0 29216 0
COMCAST CORP CL A SPL COM 200300200 3904 90000 SH DEFINED 0 90000 0
COMDISCO INC COM COM 200336105 3089 70000 SH DEFINED 0 70000 0
COMMERCE ONE INC DEL COM COM 200693109 1493 10000 SH DEFINED 0 10000 0
COMPAQ COMPUTER CORP COM 204493100 4013 150000 SH DEFINED 0 150000 0
COMPUTER ASSOC INTL INC COM 204912109 2959 50000 SH DEFINED 0 50000 0
COMPUTER SCIENCES CORP COM 205363104 1978 25000 SH DEFINED 0 25000 0
COMPUWARE CORP COM 205638109 1369 65000 SH DEFINED 0 65000 0
CONEXANT SYS INC COM COM 207142100 710 10000 SH DEFINED 0 10000 0
CONOCO INC CL B COM 208251405 1691 66000 SH DEFINED 0 66000 0
CONSUMERS ENERGY PFD 9.25% PREFERRED STOCKS 21051Q205 594 25000 SH DEFINED 0 25000 0
CORNING INC COM 219350105 3880 20000 SH DEFINED 0 20000 0
COVAD COMMUNICATIONS GROUP ICO COM 222814204 725 15000 SH DEFINED 0 15000 0
CROSSROADS SYS INC COM COM 22765D100 1719 16651 SH DEFINED 0 16651 0
CSM NV COM 994158585 595 31082 SH DEFINED 0 31082 0
CVS CORPORATION COM 126650100 1878 50000 SH DEFINED 0 50000 0
CYPRESS SEMICONDUCTOR CORP COM COM 232806109 1970 40000 SH DEFINED 0 40000 0
DANAHER CORP SHS BEN INT COM 235851102 1020 20000 SH DEFINED 0 20000 0
DEERE & CO. COM 244199105 1140 30000 SH DEFINED 0 30000 0
DELL COMPUTER CORP COM COM 247025109 8630 160000 SH DEFINED 0 160000 0
DELPHI AUTOMOTIVE SYS CORP COM COM 247126105 655 40967 SH DEFINED 0 40967 0
DELTA AIR LINES INC DEL COM COM 247361108 1172 22000 SH DEFINED 0 22000 0
DIAL CORP COM 25247D101 1375 100000 SH DEFINED 0 100000 0
DIGITAL INSIGHT COM 25385P106 256 5000 SH DEFINED 0 5000 0
DISNEY WALT PRODTNS COM 254687106 7425 180000 SH DEFINED 0 180000 0
DOMINION RES INC VA COM 257470104 961 25000 SH DEFINED 0 25000 0
DONALDSON LUFKIN&JENRETT NEWCO COM 257661108 1294 25000 SH DEFINED 0 25000 0
DOUBLECLICK INC COM COM 258609304 468 5000 SH DEFINED 0 5000 0
DOVER CORP COM COM 260003108 1293 27000 SH DEFINED 0 27000 0
DOW CHEM CO COM COM 260543103 1710 15000 SH DEFINED 0 15000 0
DPL INC COM 233293109 888 40000 SH DEFINED 0 40000 0
DU PONT E I DE NEMOURS CO COM 263534109 3838 72508 SH DEFINED 0 72508 0
DUKE PWR CO COM 264399106 2100 40000 SH DEFINED 0 40000 0
DUSA PHARMACEUTICALS INC COM COM 266898105 239 10000 SH DEFINED 0 10000 0
DYNEGY INC NEW CL A COM 26816Q101 627 10000 SH DEFINED 0 10000 0
E M C CORP MASS COM COM 268648102 9450 75000 SH DEFINED 0 75000 0
ECHOSTAR COMMUN CORP NEW CL A COM 278762109 1580 20000 SH DEFINED 0 20000 0
EFFICIENT NETWORKS INC COM COM 282056100 2368 15205 SH DEFINED 0 15205 0
ELECTRONIC DATA SYS CORP NEWCO COM 285661104 1926 30000 SH DEFINED 0 30000 0
ELSEVIER COM 994148810 8114 800000 SH DEFINED 0 800000 0
EMERSON ELEC CO COM COM 291011104 2656 50000 SH DEFINED 0 50000 0
ENDEMOL ENTERTAINMENT COM 995146437 4074 30628 SH DEFINED 0 30628 0
ENI S P A SPONSORED ADR COM 26874R108 5583 110000 SH DEFINED 0 110000 0
ENRON CORP COM 293561106 5541 74000 SH DEFINED 0 74000 0
ENZON INC COM 293904108 377 10000 SH DEFINED 0 10000 0
EXODUS COMMUNICATIONS INC COM COM 302088109 1265 9000 SH DEFINED 0 9000 0
EXXON CORPORATION COM 30231G102 24677 316620 SH DEFINED 0 316620 0
FACTSET RESH SYS INC COM COM 303075105 271 10000 SH DEFINED 0 10000 0
FEDERAL HOME LN MTG CORP COM COM 313400301 3093 70000 SH DEFINED 0 70000 0
FEDERAL NAT MORTGAGE ASSN COM 313586109 4061 71800 SH DEFINED 0 71800 0
FEDERATED DEPT STORES INC DECO COM 31410H101 2535 60000 SH DEFINED 0 60000 0
FIRST DATA CORP COM COM 319963104 1775 40000 SH DEFINED 0 40000 0
FIRST UNION CORP COM 337358105 2980 80000 SH DEFINED 0 80000 0
FIRSTAR CORP NEW WIS COM COM 33763V109 1533 66830 SH DEFINED 0 66830 0
FIRSTENERGY CORP COM COM 337932107 825 40000 SH DEFINED 0 40000 0
FISERV INC COM COM 337738108 3161 85000 SH DEFINED 0 85000 0
FLEETBOSTON FINANCIAL CORPORAT COM 339030108 5840 160000 SH DEFINED 0 160000 0
FORD MOTOR COM 345370100 4823 105000 SH DEFINED 0 105000 0
FPL GROUP INC COM COM 302571104 1152 25000 SH DEFINED 0 25000 0
GADZOOX NETWORKS INC COM COM 362555104 599 12500 SH DEFINED 0 12500 0
GANNETT INC COM COM 364730101 2111 30000 SH DEFINED 0 30000 0
GARTNER GROUP INC NEW CL A COM 366651107 1575 100000 SH DEFINED 0 100000 0
GATEWAY INC. COM 367626108 1650 30000 SH DEFINED 0 30000 0
GEMSTAR INTERNATIONL GRP LTDOR COM G3788V106 430 5000 SH DEFINED 0 5000 0
GENERAL DYNAMICS CORP COM COM 369550108 1990 40000 SH DEFINED 0 40000 0
GENERAL ELEC CO COM 369604103 44353 285000 SH DEFINED 0 285000 0
GENERAL MLS INC COM COM 370334104 2171 60000 SH DEFINED 0 60000 0
GENERAL MTRS CORP COM 370442105 3313 40000 SH DEFINED 0 40000 0
GENERAL MTRS CORP CL H NEW COM 370442832 872 7000 SH DEFINED 0 7000 0
GENZYME CORP COM 372917104 351 7000 SH DEFINED 0 7000 0
GILEAD SCIENCES INC COM COM 375558103 634 10000 SH DEFINED 0 10000 0
GILLETTE CO COM COM 375766102 3392 90000 SH DEFINED 0 90000 0
GLOBIX CORP COM COM 37957F101 953 25000 SH DEFINED 0 25000 0
GRAINGER, W W INC COM 384802104 814 15000 SH DEFINED 0 15000 0
GTE CORP COM 362320103 6390 90000 SH DEFINED 0 90000 0
GUIDANT CORP COM 401698105 1472 25000 SH DEFINED 0 25000 0
HALLIBURTON CO COM COM 406216101 2262 55000 SH DEFINED 0 55000 0
HARLEY DAVIDSON INC COM COM 412822108 3969 100000 SH DEFINED 0 100000 0
HARTFORD FINANCIAL SERVICES COM 416515104 5275 100000 SH DEFINED 0 100000 0
HAWAIIAN ELECTRIC 8.36% PFD PREFERRED STOCKS 41987M201 1113 50000 SH DEFINED 0 50000 0
HEALTHEON CORP COM COM 422209106 535 23277 SH DEFINED 0 23277 0
HEINZ H J CO COM COM 423074103 2441 70000 SH DEFINED 0 70000 0
HERSHEY FOODS CORP COM 427866108 1950 40000 SH DEFINED 0 40000 0
HEWLETT PACKARD CO COM 428236103 8617 65000 SH DEFINED 0 65000 0
HOME DEPOT INC COM 437076102 12900 200000 SH DEFINED 0 200000 0
HONEYWELL INTERNATIONAL, INC. COM 438516106 3425 65001 SH DEFINED 0 65001 0
HOOPER HOLMES INC COM COM 439104100 2402 70000 SH DEFINED 0 70000 0
HUBBELL HARVEY INC CLASS B COM 443510201 958 35000 SH DEFINED 0 35000 0
I2 TECHNOLOGIES INC COM COM 465754109 1954 16000 SH DEFINED 0 16000 0
ILLINOIS TOOL WKS INC COM COM 452308109 829 15000 SH DEFINED 0 15000 0
IMMUNEX CORP NEW COM COM 452528102 5709 90000 SH DEFINED 0 90000 0
INFORMIX CORP COM COM 456779107 2117 125000 SH DEFINED 0 125000 0
INGERSOLL-RAND COMPANY COM 456866102 1416 32000 SH DEFINED 0 32000 0
INTEGRATED DEVICE TECH INC COM 458118106 1585 40000 SH DEFINED 0 40000 0
INTEL CORP COM 458140100 35623 270000 SH DEFINED 0 270000 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 17700 150000 SH DEFINED 0 150000 0
INTERNATIONAL PAPER CO COM 460146103 4275 100000 SH DEFINED 0 100000 0
INTERNET CAPITAL GROUP INC COM COM 46059C106 632 7000 SH DEFINED 0 7000 0
JDS UNIPHASE CORP COM COM 46612J101 5184 43000 SH DEFINED 0 43000 0
JOHNSON & JOHNSON COM 478160104 7914 112648 SH DEFINED 0 112648 0
JUNIPER NETWORKS INC COM COM 48203R104 3953 15000 SH DEFINED 0 15000 0
KANSAS POWER & LIGHT 8.30% PFD PREFERRED STOCKS 482432200 1138 50000 SH DEFINED 0 50000 0
KENNAMETAL INC COM COM 489170100 1503 50000 SH DEFINED 0 50000 0
KERR-MCGEE CORP COM 492386107 866 15000 SH DEFINED 0 15000 0
KINDER MORGAN INC KANS COM COM 49455P101 1035 30000 SH DEFINED 0 30000 0
KLA INSTRS CORP COM COM 482480100 1264 15000 SH DEFINED 0 15000 0
KROGER CO COM COM 501044101 2108 120000 SH DEFINED 0 120000 0
LEGATO SYS INC COM COM 524651106 446 10000 SH DEFINED 0 10000 0
LEVEL 3 COMMUNICATIONS INC COM COM 52729N100 3173 30000 SH DEFINED 0 30000 0
LEXMARK INTL GROUP INC CL A COM 529771107 1586 15000 SH DEFINED 0 15000 0
LILLY ELI & CO COM 532457108 4634 74000 SH DEFINED 0 74000 0
LINCOLN NATL CORP COM COM 534187109 1675 50000 SH DEFINED 0 50000 0
LINEAR TECHNOLOGY CORP COM COM 535678106 1650 30000 SH DEFINED 0 30000 0
LOCKHEED MARTIN CORP COM COM 539830109 1022 50000 SH DEFINED 0 50000 0
LOWES CO COM 548661107 5838 100000 SH DEFINED 0 100000 0
LSI LOGIC CORP COM 502161102 2542 35000 SH DEFINED 0 35000 0
LUCENT TECHNOLOGIES INC COM COM 549463107 15500 250000 SH DEFINED 0 250000 0
MACK CALI RLTY CORP COM COM 554489104 1275 50000 SH DEFINED 0 50000 0
MARTEK BIOSCIENCES CORP COM 572901106 3019 230000 SH DEFINED 0 230000 0
MAXIM INTEGRATED PRODS INC COM COM 57772K101 1777 25000 SH DEFINED 0 25000 0
MAYTAG CORP COM COM 578592107 1325 40000 SH DEFINED 0 40000 0
MBNA CORP COM COM 55262L100 1785 70000 SH DEFINED 0 70000 0
MCDONALDS CORP COM 580135101 4485 120000 SH DEFINED 0 120000 0
MCI WORLDCOM COM 55268B106 11895 262500 SH DEFINED 0 262500 0
MCLEODUSA INC COM COM 582266102 848 10000 SH DEFINED 0 10000 0
MEDIAONE GROUP INC COM COM 58440J104 4455 55000 SH DEFINED 0 55000 0
MEDIAPLEX INC COM COM 58446B105 780 15000 SH DEFINED 0 15000 0
MEDIMMUNE INC COM COM 584699102 1045 6000 SH DEFINED 0 6000 0
MEDTRONIC INC COM 585055106 6173 120000 SH DEFINED 0 120000 0
MELLON FINL CORP COM 58551A108 5355 180000 SH DEFINED 0 180000 0
MERCK & CO INC COM 589331107 11866 191000 SH DEFINED 0 191000 0
MERRILL LYNCH 8.00% PFD PREFERRED STOCKS 59021C203 596 25000 SH DEFINED 0 25000 0
MERRILL LYNCH PFD 7.28% PREFERRED STOCKS 59021K205 2031 95000 SH DEFINED 0 95000 0
MERRILL LYNCH & CO INC COM COM 590188108 4200 40000 SH DEFINED 0 40000 0
METTLER-TOLEDO INTL INC COM COM 592688105 409 10000 SH DEFINED 0 10000 0
MGIC INVT CORP WIS COM COM 552848103 2836 65000 SH DEFINED 0 65000 0
MICRON TECHNOLOGY INC COM COM 595112103 2520 20000 SH DEFINED 0 20000 0
MICROSOFT CORP COM 594918104 32938 310000 SH DEFINED 0 310000 0
MINNESOTA MNG & MFG CO COM 604059105 3100 35000 SH DEFINED 0 35000 0
MITCHELL ENERGY & DEV CORP CL COM 606592301 220 10000 SH DEFINED 0 10000 0
MORGAN STANLEY DEAN WITTER DIS COM 617446448 7459 90000 SH DEFINED 0 90000 0
MOTOROLA INC COM 620076109 8760 60000 SH DEFINED 0 60000 0
MUNTERS AB COM 995342387 557 45000 SH DEFINED 0 45000 0
MURPHY OIL CORP COM COM 626717102 576 10000 SH DEFINED 0 10000 0
NATIONAL AUSTRALIAN BK 7.875% CONVERTIBLE PREF 632525309 722 30000 SH DEFINED 0 30000 0
NATL SEMICONDUCTOR COM 637640103 608 10000 SH DEFINED 0 10000 0
NESTLE BEARER COM 994616696 717 400 SH DEFINED 0 400 0
NEWELL RUBBERMAID COM 651192106 2581 100000 SH DEFINED 0 100000 0
NEXTEL COMMUNICATIONS INC CL A COM 65332V103 1483 10000 SH DEFINED 0 10000 0
NEXTLINK COMMUNICATIONS INC CL COM 65333H707 1237 10000 SH DEFINED 0 10000 0
NISOURCE INC COM 65473P105 2616 155000 SH DEFINED 0 155000 0
NORTHERN TRUST CORP COM 665859104 3378 50000 SH DEFINED 0 50000 0
NORTHROP GRUMMAN CORP COM COM 666807102 529 10000 SH DEFINED 0 10000 0
NORWICH UNION COM 990040932 335 50000 SH DEFINED 0 50000 0
NOVA CHEMICALS 9.04% PFD PREFERRED STOCKS 66977W307 563 30000 SH DEFINED 0 30000 0
NOVARTIS AG CHF20 COM 995047831 18417 13466 SH DEFINED 0 13466 0
NOVELLUS SYSTEMS INC COM 670008101 561 10000 SH DEFINED 0 10000 0
NVP CAPITAL 8.20% PFD PREFERRED STOCKS 62944M209 539 25000 SH DEFINED 0 25000 0
OCCIDENTAL PETE CORP COM 674599105 1349 65000 SH DEFINED 0 65000 0
OCEAN ENERGY INC. COM 67481E106 1294 90000 SH DEFINED 0 90000 0
ORACLE SYS CORP COM 68389X105 13661 175000 SH DEFINED 0 175000 0
PARKER HANNIFIN CORP COM COM 701094104 1446 35000 SH DEFINED 0 35000 0
PATTERSON DENTAL CO COM COM 703412106 1970 51500 SH DEFINED 0 51500 0
PC CONNECTION INC COM COM 69318J100 424 15000 SH DEFINED 0 15000 0
PENN PWR & LT 8.10% PFD PREFERRED STOCKS 693498206 2219 100000 SH DEFINED 0 100000 0
PEOPLESOFT INC COM COM 712713106 1100 55000 SH DEFINED 0 55000 0
PEPSI BOTTLING GROUP INC COM COM 713409100 1000 50000 SH DEFINED 0 50000 0
PEPSICO INC COM 713448108 5231 150000 SH DEFINED 0 150000 0
PFIZER INC COM 717081103 11334 310000 SH DEFINED 0 310000 0
PHILLIPS PETROLEUM COMPANY COM 718507106 1156 25000 SH DEFINED 0 25000 0
PINNACLE WEST CAP CORP COM COM 723484101 620 22000 SH DEFINED 0 22000 0
PITNEY BOWES INC COM COM 724479100 1788 40000 SH DEFINED 0 40000 0
PROBUSINESS SVCS INC COM COM 742674104 516 20000 SH DEFINED 0 20000 0
PROCTER & GAMBLE CO COM 742718109 6157 108976 SH DEFINED 0 108976 0
PSINET INC COM COM 74437C101 340 10000 SH DEFINED 0 10000 0
QIAGEN NV ORD COM N72482107 816 6000 SH DEFINED 0 6000 0
QUALCOMM INC COM COM 747525103 7466 50000 SH DEFINED 0 50000 0
QUEST DIAGNOSTICS COM 74834L100 1391 35000 SH DEFINED 0 35000 0
QUESTAR CORP COM COM 748356102 278 15000 SH DEFINED 0 15000 0
QWEST COMMUNICATIONS INTL INCO COM 749121109 960 20000 SH DEFINED 0 20000 0
RALSTON PURINA CO COM 751277302 2338 85000 SH DEFINED 0 85000 0
RAYTHEON CO CL B COM 755111408 533 30000 SH DEFINED 0 30000 0
READ-RITE CORP COM COM 755246105 469 100000 SH DEFINED 0 100000 0
RELIANT ENERGY INC COM COM 75952J108 1178 50000 SH DEFINED 0 50000 0
RELIASTAR FINL CORP COM COM 75952U103 2033 60000 SH DEFINED 0 60000 0
REPSOL S.A. ADR COM 76026T205 6394 300000 SH DEFINED 0 300000 0
ROYAL BANK OF SCOTLAND 7.25% P PREFERRED STOCKS 780097879 1009 50000 SH DEFINED 0 50000 0
ROYAL BANK OF SCOTLAND 7.40% P PREFERRED STOCKS 780097887 1234 60000 SH DEFINED 0 60000 0
ROYAL BANK OF SCOTLAND 8% PFD PREFERRED STOCKS 780097861 559 25000 SH DEFINED 0 25000 0
ROYAL DUTCH PETRO-NY SHARES COM 780257804 4047 70000 SH DEFINED 0 70000 0
SABRE HLDGS CORP CL A COM 785905100 507 13730 SH DEFINED 0 13730 0
SAFEWAY INC COM NEW COM 786514208 4525 100000 SH DEFINED 0 100000 0
SAGENT TECHNOLOGY INC COM COM 786693101 1441 50000 SH DEFINED 0 50000 0
SANGSTAT MED CORP COM COM 801003104 969 35000 SH DEFINED 0 35000 0
SANMINA CORP COM COM 800907107 676 10000 SH DEFINED 0 10000 0
SANTA FE SNYDER CORP COM 80218K105 855 90000 SH DEFINED 0 90000 0
SBC COMMUNICATIONS, INC COMMON COM 78387G103 11374 270000 SH DEFINED 0 270000 0
SCHERING PLOUGH CORP COM 806605101 4325 116500 SH DEFINED 0 116500 0
SCIENTIFIC ATLANTA INC COM 808655104 1265 20000 SH DEFINED 0 20000 0
SEAGATE TECHNOLOGY COM 811804103 1875 30000 SH DEFINED 0 30000 0
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XEROX CORP COM 984121103 1690 65000 SH DEFINED 0 65000 0
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LINE COUNT: 348
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