UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
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 January 13, 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: 06/30/99
RUN DATE: 11/01/99 9:15 A.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 334
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,438,725,000
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: 11/01/99 9:04 A.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
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 1868 70000 SH DEFINED 0 70000 0
ABBEY NATIONAL 7% PFD PREFERRED STOCKS 002920304 570 25000 SH DEFINED 0 25000 0
ABBEY NATIONAL PFD 7.25% PREFERRED STOCKS 00279K208 472 20000 SH DEFINED 0 20000 0
ABBOTT LABS COM 002824100 8168 180000 SH DEFINED 0 180000 0
ABN AMRO 7.125% PFD PREFERRED STOCKS 00371T206 1058 45000 SH DEFINED 0 45000 0
ABN AMRO CAP FUND 7.50% PFD PREFERRED STOCKS 00371Q202 1470 60000 SH DEFINED 0 60000 0
ADECCO COM 994007029 1511 3090 SH DEFINED 0 3090 0
ADOBE SYS INC COM COM 00724F101 822 20000 SH DEFINED 0 20000 0
AGCO CORP COM COM 001084102 1640 145000 SH DEFINED 0 145000 0
ALABAMA POWER 7% PFD PREFERRED STOCKS 010392637 1758 74000 SH DEFINED 0 74000 0
ALBERTSONS INC COM 013104104 2320 45000 SH DEFINED 0 45000 0
ALCOA INC COM COM 013817101 4950 80000 SH DEFINED 0 80000 0
ALLIED SIGNAL INC COM COM 019512102 4725 75000 SH DEFINED 0 75000 0
ALLSTATE CORP 7.125% PFD PREFERRED STOCKS 020002200 1466 60000 SH DEFINED 0 60000 0
ALZA CORP COM 022615108 2544 50000 SH DEFINED 0 50000 0
AMBAC FINANCIAL 7.08% PFD PREFERRED STOCKS 023139306 1097 45000 SH DEFINED 0 45000 0
AMERICAN EXPRESS CO COM 025816109 13013 100000 SH DEFINED 0 100000 0
AMERICAN GENERAL CORP COM 026351106 9045 120000 SH DEFINED 0 120000 0
AMERICAN HOME PRODS CORP COM 026609107 8721 152000 SH DEFINED 0 152000 0
AMERICAN INTL GROUP INC COM 026874107 16415 175000 SH DEFINED 0 175000 0
AMERITECH CORP NEW COM COM 030954101 7350 100000 SH DEFINED 0 100000 0
AMR CORP DEL COM COM 001765106 1297 19000 SH DEFINED 0 19000 0
ANGLO IRISH BANK (DUBLIN) COM 994032775 249 101023 SH DEFINED 0 101023 0
ANGLO IRISH BANK (GBP) COM 990198789 82 33000 SH DEFINED 0 33000 0
APPALACHIAN POWER 7.20% PFD PREFERRED STOCKS 037735792 340 14000 SH DEFINED 0 14000 0
APPALACHIAN PWR 7.30% PFD PREFERRED STOCKS 037735784 1781 75000 SH DEFINED 0 75000 0
APPLIED MATLS INC COM 038222105 3324 45000 SH DEFINED 0 45000 0
ARMSTRONG WORLD INDUSTRIES 7.4 PREFERRED STOCKS 042476606 362 15000 SH DEFINED 0 15000 0
ASSOCIATES FIRST CAP CORP CL A COM 046008108 5621 127382 SH DEFINED 0 127382 0
ASTRAZENECA ORD COM 995241503 20165 517951 SH DEFINED 0 517951 0
AT & T CORP. COM 001957109 15211 272542 SH DEFINED 0 272542 0
ATLANTIC RICHFIELD CO COM COM 048825103 7938 95000 SH DEFINED 0 95000 0
AT&T CORP LIBERTY MEDIA CL A COM 001957208 18375 500000 SH DEFINED 0 500000 0
AUTOMATIC DATA PROCESSING COM COM 053015103 7058 160400 SH DEFINED 0 160400 0
AUTOZONE INC. COM 053332102 1100 36500 SH DEFINED 0 36500 0
AVNET INC COM COM 053807103 1860 40000 SH DEFINED 0 40000 0
AVON PRODS INC COM COM 054303102 8325 150000 SH DEFINED 0 150000 0
BAKER HUGHES INC COM 057224107 2848 85000 SH DEFINED 0 85000 0
BALTIMORE GAS & ELEC 7.16% PFD PREFERRED STOCKS 055415202 3104 130000 SH DEFINED 0 130000 0
BANK NEW YORK INC COM 064057102 8805 240000 SH DEFINED 0 240000 0
BANK OF AMERICA COM 060505104 13246 180672 SH DEFINED 0 180672 0
BANK OF NEW YORK 7.80% PFD PREFERRED STOCKS 096564208 2538 100000 SH DEFINED 0 100000 0
BANK OF NY PFD 6.875% PREFERRED STOCKS 09656G201 1169 50000 SH DEFINED 0 50000 0
BANK ONE CORP COM COM 06423A103 13139 220600 SH DEFINED 0 220600 0
BANK SARASIN COM 994149545 1116 650 SH DEFINED 0 650 0
BAXTER INTL INC COM COM 071813109 2728 45000 SH DEFINED 0 45000 0
BCE INC COM 05534B109 2219 45000 SH DEFINED 0 45000 0
BECTON DICKINSON & CO COM COM 075887109 1050 35000 SH DEFINED 0 35000 0
BELL ATLANTIC CORP COM 077853109 7518 115000 SH DEFINED 0 115000 0
BELLSOUTH CORP COM 079860102 8210 178000 SH DEFINED 0 178000 0
BEST BUY INC COM COM 086516101 12150 180000 SH DEFINED 0 180000 0
BESTFOODS COM 08658U101 2723 55000 SH DEFINED 0 55000 0
BETHLEHEM STL CORP COM COM 087509105 2921 380000 SH DEFINED 0 380000 0
BIOGEN N V COM 090597105 2573 40000 SH DEFINED 0 40000 0
BIOTECHNOLOGY INV PTG RD PF US COM 990097701 5882 1700000 SH DEFINED 0 1700000 0
BLACK & DECKER CORP COM COM 091797100 5050 80000 SH DEFINED 0 80000 0
BMC SOFTWARE INC COM 055921100 2160 40000 SH DEFINED 0 40000 0
BOEING CO COM COM 097023105 3740 85000 SH DEFINED 0 85000 0
BP AMOCO ADS COM 055622104 9765 180000 SH DEFINED 0 180000 0
BRISTOL MYERS SQUIBB CO COM COM 110122108 16905 240000 SH DEFINED 0 240000 0
BRITISH TELECOM PLC COM 990140843 7624 455000 SH DEFINED 0 455000 0
BURLINGTON NORTHN SANTA FE COM COM 12189T104 1426 46000 SH DEFINED 0 46000 0
BURLINGTON RESOURCES INC COM 122014103 1298 30000 SH DEFINED 0 30000 0
CABLEVISION SYS CORP COM 12686C109 4200 60000 SH DEFINED 0 60000 0
CADENCE DESIGNS SYS INC COM COM 127387108 1263 100000 SH DEFINED 0 100000 0
CAMBRIDGE TECH PTNRS MA INC CO COM 132524109 1932 110000 SH DEFINED 0 110000 0
CAMDEN PPTY TR SH BEN INT COM 133131102 2914 105000 SH DEFINED 0 105000 0
CAMPBELL SOUP CO COM COM 134429109 2319 50000 SH DEFINED 0 50000 0
CARTER WALLACE INC COM COM 146285101 2728 150000 SH DEFINED 0 150000 0
CATALINA MARKETING CORP COM COM 148867104 2760 30000 SH DEFINED 0 30000 0
CATERPILLAR INC COM 149123101 3000 50000 SH DEFINED 0 50000 0
CBS CORPORATION COM 12490K107 1960 45000 SH DEFINED 0 45000 0
CENTRAL POWER & LIGHT 8% PFD PREFERRED STOCKS 12615P205 3607 145000 SH DEFINED 0 145000 0
CENTURYTEL, INC COM 156700106 4770 120000 SH DEFINED 0 120000 0
CERIDIAN CORP COM 15677T106 2942 90000 SH DEFINED 0 90000 0
CERT WOLTERS KLUWER COM 994977111 6860 172324 SH DEFINED 0 172324 0
CHANCELLOR MEDIA CORP COM COM 158915108 3032 55000 SH DEFINED 0 55000 0
CHASE CAPITAL PFD 7.00% PREFERRED STOCKS 16147M200 722 30000 SH DEFINED 0 30000 0
CHEVRON CORP COM 166751107 6816 71700 SH DEFINED 0 71700 0
CHUBB CORP COM 171232101 5560 80000 SH DEFINED 0 80000 0
CIGNA CORP COM COM 125509109 7120 80000 SH DEFINED 0 80000 0
CISCO SYS INC COM 17275R102 17738 275000 SH DEFINED 0 275000 0
CITICORP CAP III 7.10% PFD PREFERRED STOCKS 17303U200 602 25000 SH DEFINED 0 25000 0
CITIGROUP CAPITAL VI PFD 6.875 PREFERRED STOCKS 17305L208 1410 60000 SH DEFINED 0 60000 0
CITIGROUP INC. COM 172967101 17575 370000 SH DEFINED 0 370000 0
CLEAR CHANNEL COMMUNICATIONSCO COM 184502102 10085 146292 SH DEFINED 0 146292 0
CNF TRANSN INC COM COM 12612W104 3850 100000 SH DEFINED 0 100000 0
COASTAL CORP COM 190441105 8855 220000 SH DEFINED 0 220000 0
COCA COLA CO COM COM 191216100 10974 177000 SH DEFINED 0 177000 0
COCA COLA ENTERPRISES INC COM COM 191219104 5950 200000 SH DEFINED 0 200000 0
COLUMBIA ENERGY COM 197648108 3761 60000 SH DEFINED 0 60000 0
COMCAST CORP CL A SPL COM 200300200 4997 130000 SH DEFINED 0 130000 0
COMPAQ COMPUTER CORP COM 204493100 3316 140000 SH DEFINED 0 140000 0
COMPUTER ASSOC INTL INC COM 204912109 2464 45000 SH DEFINED 0 45000 0
COMPUTER SCIENCES CORP COM 205363104 2768 40000 SH DEFINED 0 40000 0
COMPUWARE CORP COM 205638109 2227 70000 SH DEFINED 0 70000 0
CON EDISON PFD 7.35% PREFERRED STOCKS 209111830 1250 50000 SH DEFINED 0 50000 0
CONAGRA INC COM 205887102 1997 75000 SH DEFINED 0 75000 0
CSM NV COM 994158585 759 15188 SH DEFINED 0 15188 0
CVS CORPORATION COM 126650100 3045 60000 SH DEFINED 0 60000 0
CYPRESS SEMICONDUCTOR CORP COM COM 232806109 2226 130000 SH DEFINED 0 130000 0
CYPRUS AMAX MINERALS CO COM COM 232809103 1296 85000 SH DEFINED 0 85000 0
DAIMLERCHRYSLER AG ORD COM D1668R123 2220 24940 SH DEFINED 0 24940 0
DAYTON HUDSON CORP COM COM 239753106 3900 60000 SH DEFINED 0 60000 0
DEERE & CO. COM 244199105 1568 40000 SH DEFINED 0 40000 0
DELL COMPUTER CORP COM COM 247025109 7400 200000 SH DEFINED 0 200000 0
DELPHI AUTOMOTIVE SYS CORP COM COM 247126105 388 20967 SH DEFINED 0 20967 0
DIAL CORP COM 25247D101 5206 140000 SH DEFINED 0 140000 0
DISNEY WALT PRODTNS COM 254687106 5546 180000 SH DEFINED 0 180000 0
DOMINION RES INC VA COM 257470104 4115 95000 SH DEFINED 0 95000 0
DONALDSON LUFKIN&JENRETT NEWCO COM 257661108 4519 75000 SH DEFINED 0 75000 0
DOVER CORP COM COM 260003108 1750 50000 SH DEFINED 0 50000 0
DOW CHEM CO COM COM 260543103 2538 20000 SH DEFINED 0 20000 0
DPL INC COM 233293109 2775 150000 SH DEFINED 0 150000 0
DU PONT E I DE NEMOURS CO COM 263534109 7856 115000 SH DEFINED 0 115000 0
DUKE CAPITAL 7.375% PFD PREFERRED STOCKS 264393208 2098 85000 SH DEFINED 0 85000 0
DUKE ENERGY CORP 7.20% PFD PREFERRED STOCKS 264396201 1108 45000 SH DEFINED 0 45000 0
DUKE ENERGY PFD 6.60% PREFERRED STOCKS 264399619 459 20000 SH DEFINED 0 20000 0
DUKE ENERGY PFD 7.20% PREFERRED STOCKS 26439G209 614 25000 SH DEFINED 0 25000 0
DUKE PWR CO COM 264399106 1361 25000 SH DEFINED 0 25000 0
E M C CORP MASS COM COM 268648102 5500 100000 SH DEFINED 0 100000 0
EASTMAN KODAK COM 277461109 1355 20000 SH DEFINED 0 20000 0
EATON CORP COM COM 278058102 920 10000 SH DEFINED 0 10000 0
ELECTRONIC DATA SYS CORP NEWCO COM 285661104 1699 30000 SH DEFINED 0 30000 0
ELSEVIER COM 994148810 9281 800000 SH DEFINED 0 800000 0
EMERSON ELEC CO COM COM 291011104 3776 60000 SH DEFINED 0 60000 0
ENDEMOL ENTERTAINMENT COM 995146437 894 30360 SH DEFINED 0 30360 0
ENI S P A SPONSORED ADR COM 26874R108 6600 110000 SH DEFINED 0 110000 0
ENRON CORP COM 293561106 6540 160000 SH DEFINED 0 160000 0
ENTERPRISE CAP 7.25% PFD PREFERRED STOCKS 29390B201 570 25000 SH DEFINED 0 25000 0
ENTERPRISE CAP 7.44% PFD PREFERRED STOCKS 293701207 1206 52000 SH DEFINED 0 52000 0
EXXON CORP COM 302290101 7713 100000 SH DEFINED 0 100000 0
FDX CORP COM COM 31304N107 1628 30000 SH DEFINED 0 30000 0
FEDERAL HOME LN MTG CORP COM COM 313400301 5800 100000 SH DEFINED 0 100000 0
FEDERAL MOGUL CORP COM COM 313549107 2600 50000 SH DEFINED 0 50000 0
FEDERAL NAT MORTGAGE ASSN COM 313586109 12408 181800 SH DEFINED 0 181800 0
FINL SEC ASSUR HLDGS 7.375% PF PREFERRED STOCKS 31769P209 1238 50000 SH DEFINED 0 50000 0
FIRST DATA CORP COM COM 319963104 6117 125000 SH DEFINED 0 125000 0
FIRST UNION CORP COM 337358105 3299 70000 SH DEFINED 0 70000 0
FIRSTENERGY CORP COM COM 337932107 3100 100000 SH DEFINED 0 100000 0
FISERV INC COM COM 337738108 1409 45000 SH DEFINED 0 45000 0
FLORIDA PROGRESS CORP PFD 7.10 PREFERRED STOCKS 302552203 589 25000 SH DEFINED 0 25000 0
FORD MOTOR COM 345370100 7337 130000 SH DEFINED 0 130000 0
FPL GROUP INC COM COM 302571104 4097 75000 SH DEFINED 0 75000 0
FRONTIER CORP COM COM 35906P105 8794 150000 SH DEFINED 0 150000 0
GARTNER GROUP INC NEW CL A COM 366651107 2255 110000 SH DEFINED 0 110000 0
GATEWAY INC. COM 367626108 2363 80000 SH DEFINED 0 80000 0
GENERAL DYNAMICS CORP COM COM 369550108 2755 40000 SH DEFINED 0 40000 0
GENERAL ELEC CO COM 369604103 33900 300000 SH DEFINED 0 300000 0
GENERAL MTRS CORP COM 370442105 1980 30000 SH DEFINED 0 30000 0
GENZYME CORP COM 372917104 970 20000 SH DEFINED 0 20000 0
GEORGIA POWER CAP 7.75% PFD PREFERRED STOCKS 373333202 2109 85000 SH DEFINED 0 85000 0
GILLETTE CO COM COM 375766102 3690 90000 SH DEFINED 0 90000 0
GOODRICH B F CO COM COM 382388106 1700 40000 SH DEFINED 0 40000 0
GRAINGER, W W INC COM 384802104 1614 30000 SH DEFINED 0 30000 0
GREAT WESTERN LIFE 7.25% PFD PREFERRED STOCKS 391369204 591 25000 SH DEFINED 0 25000 0
GTE CORP COM 362320103 7550 100000 SH DEFINED 0 100000 0
GUIDANT CORP COM 401698105 4601 90000 SH DEFINED 0 90000 0
GULF POWER CAP 7.00% PFD PREFERRED STOCKS 402476204 1373 60000 SH DEFINED 0 60000 0
GULF POWER CO 7.50% PFD PREFERRED STOCKS 402479810 255 10000 SH DEFINED 0 10000 0
HALLIBURTON CO COM COM 406216101 2263 50000 SH DEFINED 0 50000 0
HAWAIIAN ELEC 8.05% PFD PREFERRED STOCKS 404151201 830 33300 SH DEFINED 0 33300 0
HAWAIIAN ELECTRIC 8.36% PFD PREFERRED STOCKS 41987M201 1269 50000 SH DEFINED 0 50000 0
HEALTH MGMT ASSOC INC NEW CL A COM 421933102 8979 798154 SH DEFINED 0 798154 0
HECO CAPITAL 7.30% PFD PREFERRED STOCKS 40415B209 709 30000 SH DEFINED 0 30000 0
HEINZ H J CO COM COM 423074103 4010 80000 SH DEFINED 0 80000 0
HERSHEY FOODS CORP COM 427866108 5415 91200 SH DEFINED 0 91200 0
HEWLETT PACKARD CO COM 428236103 7035 70000 SH DEFINED 0 70000 0
HILTON HOTELS CORP COM COM 432848109 1419 100000 SH DEFINED 0 100000 0
HOME DEPOT INC COM 437076102 11599 180000 SH DEFINED 0 180000 0
HONEYWELL INC COM COM 438506107 3476 30000 SH DEFINED 0 30000 0
HOUSEHOLD INTL CORP COM 441815107 6633 140000 SH DEFINED 0 140000 0
HUBBELL HARVEY INC CLASS B COM 443510201 2269 50000 SH DEFINED 0 50000 0
I.T.T. HARTFORD CAP 7.70% PFD PREFERRED STOCKS 416315208 1228 50000 SH DEFINED 0 50000 0
IMS HEALTH INC COM COM 449934108 1250 40000 SH DEFINED 0 40000 0
INFORMIX CORP COM COM 456779107 1706 200000 SH DEFINED 0 200000 0
INGERSOLL-RAND COMPANY COM 456866102 3231 50000 SH DEFINED 0 50000 0
INTEGRATED DEVICE TECH INC COM 458118106 1359 125000 SH DEFINED 0 125000 0
INTEL CORP COM 458140100 17850 300000 SH DEFINED 0 300000 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 24558 190000 SH DEFINED 0 190000 0
INTERNATIONAL PAPER CO COM 460146103 7538 150000 SH DEFINED 0 150000 0
INTERNATIONAL PAPER PFD 7.7/8% PREFERRED STOCKS 460140205 2500 100000 SH DEFINED 0 100000 0
INTERSTATE ENERGY CORP WISC CO COM 460845100 3827 130000 SH DEFINED 0 130000 0
ITT INDS INC COM WHEN ISSUED COM 450911102 3813 100000 SH DEFINED 0 100000 0
JOHNSON & JOHNSON COM 478160104 15337 156500 SH DEFINED 0 156500 0
K N ENERGY INC COM COM 482620101 1833 137053 SH DEFINED 0 137053 0
KANSAS POWER & LIGHT 8.30% PFD PREFERRED STOCKS 482432200 1263 50000 SH DEFINED 0 50000 0
KENNAMETAL INC COM COM 489170100 2170 70000 SH DEFINED 0 70000 0
KERR-MCGEE CORP COM 492386107 4015 80000 SH DEFINED 0 80000 0
KEYCORP COM 493267108 3534 110000 SH DEFINED 0 110000 0
KIMBERLY CLARK CORP COM COM 494368103 5700 100000 SH DEFINED 0 100000 0
KROGER CO COM COM 501044101 2794 100000 SH DEFINED 0 100000 0
LEAR CORP COM COM 521865105 1990 40000 SH DEFINED 0 40000 0
LEVEL 3 COMMUNICATIONS INC COM COM 52729N100 1802 30000 SH DEFINED 0 30000 0
LEXMARK INTL GROUP INC CL A COM 529771107 1310 20000 SH DEFINED 0 20000 0
LILLY ELI & CO COM 532457108 5587 78000 SH DEFINED 0 78000 0
LINCOLN NATL CAP 7.40% PFD PREFERRED STOCKS 53417P209 1216 50000 SH DEFINED 0 50000 0
LINCOLN NATL CORP IND INCOME P CONVERTIBLE PREF 534187604 3534 130000 SH DEFINED 0 130000 0
LOCKHEED MARTIN CORP COM COM 539830109 1863 50000 SH DEFINED 0 50000 0
LOWES CO COM 548661107 11338 200000 SH DEFINED 0 200000 0
LUCENT TECHNOLOGIES INC COM COM 549463107 18208 270000 SH DEFINED 0 270000 0
LYONDELL CHEMICAL CO COM COM 552078107 3094 150000 SH DEFINED 0 150000 0
MACK CALI RLTY CORP COM COM 554489104 1547 50000 SH DEFINED 0 50000 0
MARSH & MCLENNAN COS INC COM COM 571748102 4920 65000 SH DEFINED 0 65000 0
MARTEK BIOSCIENCES CORP COM 572901106 1955 230000 SH DEFINED 0 230000 0
MASCO CORP COM 574599106 2021 70000 SH DEFINED 0 70000 0
MAXIM INTEGRATED PRODS INC COM COM 57772K101 2660 40000 SH DEFINED 0 40000 0
MAYTAG CORP COM COM 578592107 3979 57000 SH DEFINED 0 57000 0
MCDONALDS CORP COM 580135101 4113 100000 SH DEFINED 0 100000 0
MCI WORLDCOM COM 55268B106 14200 165000 SH DEFINED 0 165000 0
MEDIAONE GROUP INC COM COM 58440J104 4091 55000 SH DEFINED 0 55000 0
MEDTRONIC INC COM 585055106 10513 270000 SH DEFINED 0 270000 0
MELLON BANK CORP COM 585509102 15278 420000 SH DEFINED 0 420000 0
MERCANTILE BANCORPORATION COM COM 587342106 1714 30000 SH DEFINED 0 30000 0
MERCK & CO INC COM 589331107 18848 256000 SH DEFINED 0 256000 0
MERRILL LYNCH 7.00% PFD PREFERRED STOCKS 59021F206 836 35000 SH DEFINED 0 35000 0
MERRILL LYNCH 7.12% PFD PREFERRED STOCKS 59021G204 602 25000 SH DEFINED 0 25000 0
MERRILL LYNCH 8.00% PFD PREFERRED STOCKS 59021C203 642 25000 SH DEFINED 0 25000 0
MERRILL LYNCH PFD 7.28% PREFERRED STOCKS 59021K205 2322 95000 SH DEFINED 0 95000 0
MERRILL LYNCH & CO INC COM COM 590188108 2783 35000 SH DEFINED 0 35000 0
MGIC INVT CORP WIS COM COM 552848103 3404 70000 SH DEFINED 0 70000 0
MICHIGAN CON GAS PFD 6.85% PREFERRED STOCKS 594457400 836 35000 SH DEFINED 0 35000 0
MICRON TECHNOLOGY INC COM COM 595112103 1620 40000 SH DEFINED 0 40000 0
MICROSOFT CORP COM 594918104 27958 310000 SH DEFINED 0 310000 0
MINNESOTA MNG & MFG CO COM 604059105 3912 45000 SH DEFINED 0 45000 0
MOBIL CORP COM 607059102 11850 120000 SH DEFINED 0 120000 0
MODIS PROFESSIONAL SERVICES, I COM 607830106 678 50000 SH DEFINED 0 50000 0
MOLEX INC COM COM 608554101 925 25000 SH DEFINED 0 25000 0
MONSANTO CO. COM 611662107 3363 85000 SH DEFINED 0 85000 0
MORGAN STANLEY CAP TR 7.10% PF PREFERRED STOCKS 553538208 594 25000 SH DEFINED 0 25000 0
MORGAN STANLEY DEAN WITTER DIS COM 617446448 4618 45000 SH DEFINED 0 45000 0
MOTOROLA CAP TR TOPRS 6.68% PF PREFERRED STOCKS 620074203 3506 150000 SH DEFINED 0 150000 0
MOTOROLA INC COM 620076109 4738 50000 SH DEFINED 0 50000 0
MSC INDL DIRECT INC CL A COM 553530106 1333 130000 SH DEFINED 0 130000 0
MUNTERS AB COM 995342387 460 45000 SH DEFINED 0 45000 0
NATIONAL AUSTRALIAN BK 7.875% CONVERTIBLE PREF 632525309 911 30000 SH DEFINED 0 30000 0
NATL RURAL UTILITIES 7.65% PFD PREFERRED STOCKS 637432303 1361 55000 SH DEFINED 0 55000 0
NATURAL RURAL PFD 7.375% PREFERRED STOCKS 637432402 1588 65000 SH DEFINED 0 65000 0
NESTLE BEARER COM 994616696 721 400 SH DEFINED 0 400 0
NEWELL RUBBERMAID COM 651192106 6956 150000 SH DEFINED 0 150000 0
NISOURCE INC COM 65473P105 5163 200000 SH DEFINED 0 200000 0
NORDSTROM INC COM 655664100 3350 100000 SH DEFINED 0 100000 0
NORTHROP GRUMMAN CORP COM COM 666807102 1658 25000 SH DEFINED 0 25000 0
NORWICH UNION COM 990040932 339 50000 SH DEFINED 0 50000 0
NOVA CHEMICALS 9.04% PFD PREFERRED STOCKS 66977W307 754 30000 SH DEFINED 0 30000 0
NOVARTIS AG CHF20 COM 995047831 19663 13466 SH DEFINED 0 13466 0
NVP CAPITAL 8.20% PFD PREFERRED STOCKS 62944M209 619 25000 SH DEFINED 0 25000 0
OCCIDENTAL PETE CORP COM 674599105 1268 60000 SH DEFINED 0 60000 0
OCEAN ENERGY INC. COM 67481E106 2695 280000 SH DEFINED 0 280000 0
OHIO POWER 7.375% PFD PREFERRED STOCKS 677415762 1433 60000 SH DEFINED 0 60000 0
ORACLE SYS CORP COM 68389X105 5569 150000 SH DEFINED 0 150000 0
OXY CAPITAL TR 8.16% PFD PREFERRED STOCKS 692070204 1225 50000 SH DEFINED 0 50000 0
PACIFIC TELESIS FING I TR ORG PREFERRED STOCKS 694887209 1241 50000 SH DEFINED 0 50000 0
PARKER HANNIFIN CORP COM COM 701094104 1144 25000 SH DEFINED 0 25000 0
PEN. POWER & LIGHT 8.20% PFD PREFERRED STOCKS 693497208 498 20000 SH DEFINED 0 20000 0
PENN PWR & LT 8.10% PFD PREFERRED STOCKS 693498206 2513 100000 SH DEFINED 0 100000 0
PEOPLESOFT INC COM COM 712713106 1725 100000 SH DEFINED 0 100000 0
PEPSI BOTTLING GROUP INC COM COM 713409100 2891 125000 SH DEFINED 0 125000 0
PEPSICO INC COM 713448108 5803 150000 SH DEFINED 0 150000 0
PFIZER INC COM 717081103 14170 390000 SH DEFINED 0 390000 0
PHILLIPS PETROLEUM COMPANY COM 718507106 1006 20000 SH DEFINED 0 20000 0
PINNACLE WEST CAP CORP COM COM 723484101 3623 90000 SH DEFINED 0 90000 0
PIONEER HI-BRED INT'L. COM 723686101 1168 30000 SH DEFINED 0 30000 0
PITNEY BOWES INC COM COM 724479100 2249 35000 SH DEFINED 0 35000 0
POTOMAC ELECTRIC PWR 7.375% PF PREFERRED STOCKS 73787N208 743 30000 SH DEFINED 0 30000 0
PPG INDS INC COM COM 693506107 2067 35000 SH DEFINED 0 35000 0
PROCTER & GAMBLE CO COM 742718109 8834 98976 SH DEFINED 0 98976 0
PSCO CAP 8.00% PFD PREFERRED STOCKS 693639205 886 35000 SH DEFINED 0 35000 0
QUALCOMM INC COM COM 747525103 2153 15000 SH DEFINED 0 15000 0
RALSTON PURINA CO COM 751277302 2587 85000 SH DEFINED 0 85000 0
RELIANT ENERGY INC COM COM 75952J108 3453 125000 SH DEFINED 0 125000 0
RELIANT ENERGY TRUST 7.20% PFD PREFERRED STOCKS 749490207 920 40000 SH DEFINED 0 40000 0
REPSOL INT'L PFD 7.45% PFD PREFERRED STOCKS G7513K103 3880 160000 SH DEFINED 0 160000 0
REPSOL S.A. ADR COM 76026T205 6094 300000 SH DEFINED 0 300000 0
ROMAC INTL INC COM COM 775835101 621 70000 SH DEFINED 0 70000 0
ROYAL BANK OF SCOTLAND 7.25% P PREFERRED STOCKS 780097879 1169 50000 SH DEFINED 0 50000 0
ROYAL BANK OF SCOTLAND 7.40% P PREFERRED STOCKS 780097887 1418 60000 SH DEFINED 0 60000 0
ROYAL DUTCH PETRO-NY SHARES COM 780257804 4218 70000 SH DEFINED 0 70000 0
SAFEWAY INC COM NEW COM 786514208 7920 160000 SH DEFINED 0 160000 0
SAGA PETROLEUM ASA NOK15 ORD COM 994768025 757 45000 SH DEFINED 0 45000 0
SANGSTAT MED CORP COM COM 801003104 1121 65000 SH DEFINED 0 65000 0
SANTA FE SNYDER CORP COM 80218K105 800 100000 SH DEFINED 0 100000 0
SAVANNAH ELECT 6.85% PFD PREFERRED STOCKS 804788206 1830 80000 SH DEFINED 0 80000 0
SBC COMMUNICATIONS, INC COMMON COM 78387G103 9280 160000 SH DEFINED 0 160000 0
SCE&G TR I TR PFD SCS SR A 7.5 PREFERRED STOCKS 78389A203 1625 65000 SH DEFINED 0 65000 0
SCHERING PLOUGH CORP COM 806605101 10763 205000 SH DEFINED 0 205000 0
SEAGATE TECHNOLOGY COM 811804103 2819 110000 SH DEFINED 0 110000 0
SEALED AIR CORP NEW PFD CONV A CONVERTIBLE PREF 81211K209 4063 65000 SH DEFINED 0 65000 0
SHAW COMMUNICATION 8.45% PFD PREFERRED STOCKS 82028K606 619 25000 SH DEFINED 0 25000 0
SHELL TRANS & TRADING LTD NEW COM 822703609 3478 75000 SH DEFINED 0 75000 0
SO'WESTERN PUB SERV CAP 7.85% PREFERRED STOCKS 845739200 627 25000 SH DEFINED 0 25000 0
SOUTHERN CO COM 842587107 2915 110000 SH DEFINED 0 110000 0
SOUTHERN CO CAP TR 6.875% PFD PREFERRED STOCKS 842637209 1725 75000 SH DEFINED 0 75000 0
SOUTHWEST AIRLS CO COM COM 844741108 2179 105000 SH DEFINED 0 105000 0
SPRINT CORP COM COM 852061100 7526 142000 SH DEFINED 0 142000 0
SPRINT CORP PCS COM SER 1 COM 852061506 1710 30000 SH DEFINED 0 30000 0
STERLING COMM INC COM COM 859205106 2205 60000 SH DEFINED 0 60000 0
STEWART & STEVENSON SERVICES COM 860342104 1525 100000 SH DEFINED 0 100000 0
SUN MICROSYSTEM INC COM COM 866810104 5510 80000 SH DEFINED 0 80000 0
SUNOCO INC COM COM 86764P109 2415 80000 SH DEFINED 0 80000 0
SWEDISH EXPORT BK PFD 7.375% PREFERRED STOCKS W92947212 1856 75000 SH DEFINED 0 75000 0
SWEPCO CAPITAL 7.875% PFD PREFERRED STOCKS 870695202 373 15000 SH DEFINED 0 15000 0
TANDY CORP COM COM 875382103 3910 80000 SH DEFINED 0 80000 0
TELLABS INC COM COM 879664100 3378 50000 SH DEFINED 0 50000 0
TENN VLY SRD PARRS 6.75% 06/01 PREFERRED STOCKS 880591300 4825 200000 SH DEFINED 0 200000 0
TERADYNE INC COM COM 880770102 1794 50000 SH DEFINED 0 50000 0
TEXACO CAPITOL 6.875% PFD PREFERRED STOCKS P9132Z107 2388 100000 SH DEFINED 0 100000 0
TEXAS INSTRUMENTS INC COM 882508104 4320 60000 SH DEFINED 0 60000 0
TEXAS UTILS CO COM 882848104 3729 90000 SH DEFINED 0 90000 0
TEXTRON INC COM COM 883203101 2881 35000 SH DEFINED 0 35000 0
THE CHASE MANHATTAN CORPORATIO COM 16161A108 9515 110000 SH DEFINED 0 110000 0
TIME WARNER INC COM COM 887315109 6536 90000 SH DEFINED 0 90000 0
TOTAL AMERICAN DEPOSITARY SHAR COM 89151E109 6444 100000 SH DEFINED 0 100000 0
TOWER AUTOMOTIVE INC COM COM 891707101 4070 160000 SH DEFINED 0 160000 0
TRANS AMERICAN FIN PFD 7.10% PREFERRED STOCKS 893950204 950 40000 SH DEFINED 0 40000 0
TRITON ENERGY LTD CL A ORD COM G90751101 1063 100000 SH DEFINED 0 100000 0
TVA 6.50% PFD PREFERRED STOCKS 880591409 2381 100000 SH DEFINED 0 100000 0
TYCO INTL LTD NEW COM COM 902124106 2369 50000 SH DEFINED 0 50000 0
U S WEST INC NEW COM COM 91273H101 3819 65000 SH DEFINED 0 65000 0
UNITED TECHNOLOGIES CORP COM COM 913017109 3600 50000 SH DEFINED 0 50000 0
UNIVISION COMMUNICATIONS INCCL COM 914906102 5200 80000 SH DEFINED 0 80000 0
UNOCAL CORP COM COM 915289102 1981 50000 SH DEFINED 0 50000 0
US BANCORP COM 902973106 9345 280000 SH DEFINED 0 280000 0
USEC INC COM COM 90333E108 4463 300000 SH DEFINED 0 300000 0
VIRGINIA ELEC PWR PFD 6.70% PREFERRED STOCKS 927804591 238 10000 SH DEFINED 0 10000 0
VIRGINIA ELECT & PWR 7.15% PFD PREFERRED STOCKS 927804617 608 25000 SH DEFINED 0 25000 0
WAL MART STORES INC COM COM 931142103 11821 245000 SH DEFINED 0 245000 0
WARNER LAMBERT CO COM 934488107 6913 100000 SH DEFINED 0 100000 0
WASTE MANAGEMENT INC COM 94106L109 4838 90000 SH DEFINED 0 90000 0
WEC CAP TRUST I PFD 6.85% PREFERRED STOCKS 92923G204 1156 50000 SH DEFINED 0 50000 0
WELLS FARGO & CO NEW COM COM 949746101 8550 200000 SH DEFINED 0 200000 0
WESTERN DIGITAL CORPORATION COM 958102105 975 150000 SH DEFINED 0 150000 0
WILLIAMS CO COM 969457100 2554 60000 SH DEFINED 0 60000 0
XEROX CORP COM 984121103 4725 80000 SH DEFINED 0 80000 0
LINE COUNT: 334
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