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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED DECEMBER 31, 1999
- --------------------------------------------------------------------------------
(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
- --------------------------------------------------------------------------------
IF AMENDED REPORT CHECK HERE: |_|
ALLSTATE LIFE INSURANCE COMPANY
- --------------------------------------------------------------------------------
NAME OF INSTITUTIONAL INVESTMENT MANAGER
3075 SANDERS ROAD SUITE G4A NORTHBROOK ILLINOIS 60062-7127
- --------------------------------------------------------------------------------
BUSINESS ADDRESS (STREET) (CITY) (STATE) (ZIP)
DOUGLAS B. WELCH (847)402-6046 ASSISTANT VICE PRESIDENT, INVESTMENT OPERATIONS
- --------------------------------------------------------------------------------
NAME, PHONE NO., AND TITLE OF PERSON DULY AUTHORIZED TO SUBMIT THIS REPORT.
- ------------------------------------ATTENTION-----------------------------------
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
- --------------------------------------------------------------------------------
THE INSTITUTIONAL INVESTMENT MANAGER SUBMITTING THIS FORM AND ITS
ATTACHMENTS AND THE PERSON BY WHOM IT IS SIGNED REPRESENT HEREBY THAT ALL
INFORMATION CONTAINED THEREIN IS TRUE, CORRECT AND COMPLETE. IT IS UNDERSTOOD
THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE CONSIDERED INTEGRAL PARTS
OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL
UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS
PREVIOUSLY SUBMITTED.
PURSUANT TO THE REQUIREMENTS OF SECURITIES EXCHANGE ACT OF 1934, THE
UNDERSIGNED INSTITUTIONAL INVESTMENT MANAGER HAS CAUSED THIS REPORT TO BE SIGNED
ON ITS BEHALF IN ON THE THE 11 DAY OF FEBRUARY, 2000.
ALLSTATE INSURANCE COMPANY
------------------------------------------
(NAME OF INSTITUTIONAL INVESTMENT MANAGER)
/S/ DOUGLAS B. WELCH
------------------------------------------
(MANUAL SIGNATURE OF PERSON DULY
AUTHORIZED TO SUBMIT THIS REPORT)
NAME AND 13F FILE NUMBERS OF ALL INSTITUTIONAL INVESTMENT MANAGERS WITH RESPECT
TO WHICH THIS SCHEDULE IS FILED (OTHER THAN THE ONE FILING THIS REPORT): (LIST
IN ALPHABETICAL ORDER).
13F FILE NUMBERS WILL BE ASSIGNED TO INSTITUTIONAL INVESTMENT MANAGERS AFTER
THEY FILE THEIR FIRST REPORT.
NAME: 13F FILE NO.:
- ----------------------------------------------------------- --------------------
1. ALLSTATE INSURANCE COMPANY 28-35
- ----------------------------------------------------------- --------------------
2. ALLSTATE LIFE INSURANCE COMPANY 28-35
- ----------------------------------------------------------- --------------------
3. ALLSTATE PENSION PLAN 28-35
- ----------------------------------------------------------- --------------------
4. ALLSTATE RETIREMENT PLAN 28-35
- ----------------------------------------------------------- --------------------
The following companies have elected to file a separate 13F report:
<PAGE>
FORM 13F REPORT
NAME OF REPORTING MANAGER ALLSTATE INSURANCE COMPANY
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY
--------------------- (SHARES)
TITLE FAIR SHARES OR (A) (B) (C) MANA- ----------------
NAME OF ISSUER OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED GERS (A) (B) (C)
CLASS NUMBER VALUE AMOUNT OTHER SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3 COM COMMON STOCK 885535104 4,488,500.00 95,500 X 1 X
A D C TELECOM COMMON STOCK 000886101 5,826,768.75 80,300 X 1 X
A M R COMMON STOCK 001765106 502,500.00 7,500 X 1 X
ABBOTT LABS COMMON STOCK 002824100 7,850,762.52 216,200 X 1 X
ACXIOM CORP COMMON STOCK 005125109 532,800.00 22,200 X 1 X
ADAPTEC INC. COMMON STOCK 00651F108 259,350.00 5,200 X 1 X
ADAPTIVE BROADBAND CORPORATION COMMON STOCK 00650M104 346,918.75 4,700 X 1 X
ADELPHIA COMMUNICATIONS CORP NON-REDEEM P/S 006848402 3,762,500.00 20,000 X 1 X
ADELPHIA COMMUNICATIONS-CL A COMMON STOCK 006848105 1,410,937.50 21,500 X 1 X
ADOBE SYSTEMS INC COMMON STOCK 00724F101 410,225.00 6,100 X 1 X
ADVANCED MICRO DEVICES COMMON STOCK 007903107 214,137.50 7,400 X 1 X
ADVANCED TISSUE SCIENCES COMMON STOCK 00755F103 41,750.00 16,700 X 1 X
AES CORP COMMON STOCK 00130H105 777,400.00 10,400 X 1 X
AETNA INC COMMON STOCK 008117103 424,175.00 7,600 X 1 X
AFFILIATED COMPUTER SERV COMMON STOCK 008190100 1,255,800.00 27,300 X 1 X
AFLAC CORP COMMON STOCK 001055102 637,031.25 13,500 X 1 X
AGILE SOFTWARE COMMON STOCK 00846X105 5,821,881.92 26,800 X 1 X
AIR EXPRESS INTL CORP COMMON STOCK 009104100 327,971.88 10,150 X 1 X
AIR PRODUCTS & CHEMICALS COMMON STOCK 009158106 389,325.00 11,600 X 1 X
AK STEEL HOLDING COMMON STOCK 001547108 5,896,550.00 312,400 X 1 X
ALBERTSON'S COMMON STOCK 013104104 689,601.76 21,383 X 1 X
ALCAN ALUMINUM COMMON FOREIGN 013716105 1,252,100.00 30,400 X 1 X
ALKERMES INC NON-REDEEM P/S 01642T405 1,290,000.00 15,000 X 1 X
ALLAMERICA FINC. CORP COMMON STOCK 019754100 2,408,562.50 43,300 X 1 X
ALLEGHENY ENERGY COMMON STOCK 017361106 1,290,306.25 47,900 X 1 X
ALLEN TELECOM COMMON STOCK 018091108 120,249.99 10,400 X 1 X
ALLIANCE PHARMACEUTICA COMMON STOCK 018773101 83,337.50 11,300 X 1 X
ALLIANT TECHSYSTEMS COMMON STOCK 018804104 205,631.25 3,300 X 1 X
ALLTEL COMMON STOCK 020039103 11,716,818.75 141,700 X 1 X
ALPHARMA INC COMMON STOCK 020813101 267,525.00 8,700 X 1 X
ALTERA COMMON STOCK 021441100 4,852,168.75 97,900 X 1 X
ALUMINUM CO OF AMERICA COMMON STOCK 013817101 6,374,399.98 76,800 X 1 X
AMAZON.COM INC COMMON STOCK 023135106 2,306,587.50 30,300 X 1 X
AMB PROPERTY CORP COMMON STOCK 00163T109 12,560,625.00 630,000 X 1 X
AMCOL INTL CORP COMMON STOCK 02341W103 171,731.25 10,650 X 1 X
AMERADA HESS COMMON STOCK 023551104 261,050.00 4,600 X 1 X
AMEREN CORPORATION COMMON STOCK 023608102 225,975.00 6,900 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 40,781,512.50 540,600 X 1 X
AMERICAN ELEC PWR COMMON STOCK 025537101 803,125.00 25,000 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 24,688,125.00 148,500 X 1 X
AMERICAN FREIGHTWAYS COMMON STOCK 02629V108 182,918.76 11,300 X 1 X
AMERICAN GENERAL COMMON STOCK 026351106 948,437.50 12,500 X 1 X
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 5,817,031.27 147,500 X 1 X
AMERICAN INTL COMMON STOCK 026874107 42,111,984.63 389,475 X 1 X
AMERICAN MANAGEMENT SYSTEMS COMMON STOCK 027352103 420,425.00 13,400 X 1 X
AMERICAN POWER CONVERSION COMMON STOCK 029066107 2,666,512.50 101,100 X 1 X
AMERICAN STANDARD COMPANIES COMMON STOCK 029712106 7,885,912.50 171,900 X 1 X
AMERICREDIT CORP COMMON STOCK 03060R101 364,450.00 19,700 X 1 X
AMGEN COMMON STOCK 031162100 18,409,156.25 306,500 X 1 X
AMLI PROPERTIES TRUST CONVER NON-REDEEM P/S 001735109 10,093,750.00 500,000 X 1 X
AMRESCO INC COMMON STOCK 031909104 20,531.99 14,600 X 1 X
AMSOUTH COMMON STOCK 032165102 383,353.13 19,850 X 1 X
ANADARKO PETROLEUM COMMON STOCK 032511107 221,812.50 6,500 X 1 X
ANALOG DEVICES COMMON STOCK 032654105 3,078,300.00 33,100 X 1 X
ANIXTER INTERNATIONAL INC COMMON STOCK 035290105 228,937.50 11,100 X 1 X
ANNTAYLOR STORES COMMON STOCK 036115103 254,837.50 7,400 X 1 X
AON COMMON STOCK 037389103 5,826,000.00 145,650 X 1 X
APACHE COMMON STOCK 037411105 1,499,662.50 40,600 X 1 X
APACHE CORP NON-REDEEM P/S 037411600 798,750.00 22,500 X 1 X
APARTMENT INVT & MGMT CO CL A COMMON STOCK 03748R101 7,962,500.00 200,000 X 1 X
APOGEE ENTERPRISES COMMON STOCK 037598109 52,143.76 10,300 X 1 X
APPLE COMPUTER COMMON STOCK 037833100 5,130,343.75 49,900 X 1 X
APPLEBEES INTL INC COMMON STOCK 037899101 265,500.01 9,000 X 1 X
APPLIED MATERIALS COMMON STOCK 038222105 8,716,100.00 68,800 X 1 X
APPLIED POWER INC - CL A COMMON STOCK 038225108 432,731.25 11,775 X 1 X
APTARGROUP COMMON STOCK 038336103 286,425.01 11,400 X 1 X
ARCHER-DANIELS-MIDLAND COMMON STOCK 039483102 375,314.06 30,795 X 1 X
ARCHSTONE COMMUNITIES TRUST COMMON STOCK 039581103 68,089,971.01 3,321,462 X 1 X
ARCTIC CAT INC COMMON STOCK 039670104 115,000.00 11,500 X 1 X
ARDEN REALTY INC COMMON STOCK 039793104 5,015,625.00 250,000 X 1 X
ARTESYN TECHNOLOGIES COMMON STOCK 043127109 216,300.00 10,300 X 1 X
ASPECT COMMUNICATIONS COMMON STOCK 04523Q102 481,237.51 12,300 X 1 X
ASSOCIATES FIRST CAPITAL CRP COMMON STOCK 046008108 12,032,770.61 438,552 X 1 X
AT & T COMMON STOCK 001957109 37,101,853.36 731,071 X 1 X
AT&T CORP - LIBERTY MEDIA -A COMMON STOCK 001957208 4,273,275.00 75,300 X 1 X
ATLANTIC RICHFIELD COMMON STOCK 048825103 5,510,050.00 63,700 X 1 X
ATMEL CORP COMMON STOCK 049513104 5,268,037.50 178,200 X 1 X
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 1,702,449.99 31,600 X 1 X
AUTOZONE INC COMMON STOCK 053332102 235,881.25 7,300 X 1 X
AVALON BAY COMMUNITIES, COMMON COMMON STOCK 053484101 37,831,864.51 1,102,568 X 1 X
AVNET COMMON STOCK 053807103 1,476,200.00 24,400 X 1 X
AVON PRODUCTS COMMON STOCK 054303102 405,900.00 12,300 X 1 X
AZTAR CORP COMMON STOCK 054802103 159,862.49 14,700 X 1 X
BAKER HUGHES COMMON STOCK 057224107 2,845,543.75 135,100 X 1 X
BALDOR ELEC COMMON STOCK 057741100 188,500.00 10,400 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 12,015,238.82 239,407 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 13,484,000.00 337,100 X 1 X
BANK ONE CORPORATION COMMON STOCK 06423A103 6,845,343.76 213,500 X 1 X
BARR LABS INC COMMON STOCK 068306109 229,037.50 7,300 X 1 X
BARRETT RES COMMON STOCK 068480201 270,825.01 9,200 X 1 X
BARRICK GOLD COMMON FOREIGN 067901108 940,975.00 53,200 X 1 X
BAXTER INTL COMMON STOCK 071813109 5,533,781.25 88,100 X 1 X
BB&T CORPORATION COMMON STOCK 054937107 457,162.50 16,700 X 1 X
BEAR STEARNS COMMON STOCK 073902108 255,816.00 5,984 X 1 X
BECTON DICKINSON COMMON STOCK 075887109 339,725.00 12,700 X 1 X
BED BATH & BEYOND INC COMMON STOCK 075896100 246,725.00 7,100 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 21,903,937.52 355,800 X 1 X
BELLSOUTH COMMON STOCK 079860102 10,326,837.50 220,600 X 1 X
BEST BUY COMMON STOCK 086516101 3,513,125.00 70,000 X 1 X
BESTFOODS INC COMMON STOCK 08658U101 741,131.25 14,100 X 1 X
BILLING CONCEPTS CORP COMMON STOCK 090063108 68,900.00 10,600 X 1 X
BIO TECH GENERAL COMMON STOCK 090578105 257,725.01 16,900 X 1 X
BIOGEN COMMON STOCK 090597105 9,464,000.00 112,000 X 1 X
BIOMET COMMON STOCK 090613100 2,036,000.00 50,900 X 1 X
BIRMINGHAM STL COMMON STOCK 091250100 67,468.75 12,700 X 1 X
BISYS GROUP COMMON STOCK 055472104 554,625.00 8,500 X 1 X
BJ SERVICES COMMON STOCK 055482103 19,384,275.00 463,600 X 1 X
BLACK & DECKER COMMON STOCK 091797100 229,900.00 4,400 X 1 X
BLOCK (H & R) COMMON STOCK 093671105 5,433,750.00 124,200 X 1 X
BMC SOFTWARE COMMON STOCK 055921100 4,548,443.75 56,900 X 1 X
BOEING COMMON STOCK 097023105 9,793,953.71 235,644 X 1 X
BOSTON PROPERTIES INC COMMON STOCK 101121101 6,225,000.00 200,000 X 1 X
BOSTON SCIENTIFIC CORP COMMON STOCK 101137107 459,375.00 21,000 X 1 X
BOWATER COMMON STOCK 102183100 3,171,850.00 58,400 X 1 X
BOWNE COMMON STOCK 103043105 159,300.00 11,800 X 1 X
BRADLEY REAL ESTATE SERIES A NON-REDEEM P/S 104580204 1,228,500.00 63,000 X 1 X
BRADY CORPORATION COMMON STOCK 104674106 261,318.75 7,700 X 1 X
BRIGHTPOINT COMMON STOCK 109473108 191,625.00 14,600 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 29,924,212.50 466,200 X 1 X
BRITISH PETROLEUM COMMON FOREIGN 055622104 1,844,262.88 31,094 X 1 X
BROADWING INC COMMON STOCK 111620100 37,811,625.00 1,025,400 X 1 X
BUCKEYE CELLULOSE CORP COMMON STOCK 118255108 159,162.50 10,700 X 1 X
BURLINGTON NORTHERN COMMON STOCK 12189T104 560,175.00 23,100 X 1 X
BURLINGTON RESOURCES COMMON STOCK 122014103 17,685,131.25 534,900 X 1 X
BURR BROWN COMMON STOCK 122574106 564,453.13 15,625 X 1 X
C I G N A COMMON STOCK 125509109 757,287.49 9,400 X 1 X
C S X COMMON STOCK 126408103 345,125.00 11,000 X 1 X
C T S COMMON STOCK 126501105 618,075.00 8,200 X 1 X
CABLETRON COMMON STOCK 126920107 2,056,600.00 79,100 X 1 X
CADENCE DESIGNS SYS INC COMMON STOCK 127387108 1,195,200.00 49,800 X 1 X
CALLON PETRO CO CONVERTIBLE NON-REDEEM P/S 13123X201 765,000.01 22,500 X 1 X
CALLOWAY GOLF CO COMMON STOCK 131193104 4,312,212.50 243,800 X 1 X
CALPINE CORP COMMON STOCK 131347106 6,163,200.00 96,300 X 1 X
CAMPBELL SOUP COMMON STOCK 134429109 839,518.75 21,700 X 1 X
CAPITAL ONE FINANCIAL COMMON STOCK 14040H105 1,142,043.75 23,700 X 1 X
CARAUSTAR INDS COMMON STOCK 140909102 201,599.99 8,400 X 1 X
CARDINAL HEALTH COMMON STOCK 14149Y108 679,825.00 14,200 X 1 X
CARNIVAL CRUISE LINES COMMON STOCK 143658102 4,441,781.25 92,900 X 1 X
CAROLINA PWR & LT COMMON STOCK 144141108 246,543.75 8,100 X 1 X
CASEYS GENERAL STORES COMMON STOCK 147528103 187,875.00 18,000 X 1 X
CATALINA MARKETING COMMON STOCK 148867104 671,349.99 5,800 X 1 X
CATERPILLAR COMMON STOCK 149123101 847,125.00 18,000 X 1 X
CBL AND ASSOCIATES COMMON STOCK 124830100 4,125,000.00 200,000 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 16,342,425.00 255,600 X 1 X
C-CUBE MICROSYSTEMS INC COMMON STOCK 125015107 728,325.00 11,700 X 1 X
CDW COMPUTER CENTERS INC COMMON STOCK 125129106 2,909,125.00 37,000 X 1 X
CEC ENTERTAINMENT INC COMMON STOCK 125137109 255,375.28 9,000 X 1 X
CELLSTAR COMMON STOCK 150925105 1,481,250.00 150,000 X 1 X
CENDANT COPORATION COMMON STOCK 151313103 956,250.00 36,000 X 1 X
CENTRAL & SOUTH WEST COMMON STOCK 152357109 216,000.00 10,800 X 1 X
CENTURA BANKS COMMON STOCK 15640T100 375,062.51 8,500 X 1 X
CENTURYTEL INC COMMON STOCK 156700106 6,281,925.00 132,600 X 1 X
CEPHALON INC COMMON STOCK 156708109 311,062.51 9,000 X 1 X
CH ENERGY GROUP COMMON STOCK 12541M102 207,900.00 6,300 X 1 X
CHAMPION ENTERPRISES COMMON STOCK 158496109 119,018.75 13,900 X 1 X
CHAMPION INTL COMMON STOCK 158525105 2,985,387.50 48,200 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 17,451,098.50 224,632 X 1 X
CHECKFREE HOLDINGS CORP COMMON STOCK 162816102 8,067,400.00 77,200 X 1 X
CHECKPOINT SYSTEMS COMMON STOCK 162825103 115,118.75 11,300 X 1 X
CHEESECAKE FACTORY INC COMMON STOCK 163072101 234,500.01 6,700 X 1 X
CHEVRON COMMON STOCK 166751107 11,027,362.50 127,300 X 1 X
CHIQUITA BRANDS COMMON STOCK 170032106 95,000.01 20,000 X 1 X
CHIRON COMMON STOCK 170040109 4,767,187.50 112,500 X 1 X
CHUBB COMMON STOCK 171232101 501,181.25 8,900 X 1 X
CIBER INC COMMON STOCK 17163B102 459,250.00 16,700 X 1 X
CIRCUIT CITY STORES COMMON STOCK 172737108 464,143.75 10,300 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 92,175,706.37 860,450 X 1 X
CITIGROUP INC COMMON STOCK 172967101 50,140,822.56 902,422 X 1 X
CITRIX SYSTEMS INC COMMON STOCK 177376100 553,500.00 4,500 X 1 X
CITY NATIONAL COMMON STOCK 178566105 2,414,318.75 73,300 X 1 X
CKE RESTAURANTS INC COMMON STOCK 12561E105 87,984.00 14,976 X 1 X
CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 10,683,225.00 119,700 X 1 X
CLOROX COMMON STOCK 189054109 604,500.00 12,000 X 1 X
CNF TRUST I 5% SERIES A CONV REDEEMABLE P/S 12612V205 2,280,000.00 47,500 X 1 X
COASTAL COMMON STOCK 190441105 382,725.00 10,800 X 1 X
COCA-COLA COMMON STOCK 191216100 31,676,349.99 543,800 X 1 X
COCA-COLA ENTERPRISES COMMON STOCK 191219104 432,687.50 21,500 X 1 X
COEUR D'ALENE MINES COMMON STOCK 192108108 44,343.75 12,900 X 1 X
COGNEX CORP COMMON STOCK 192422103 475,800.00 12,200 X 1 X
COHERENT COMMON STOCK 192479103 224,700.00 8,400 X 1 X
COLGATE-PALMOLIVE COMMON STOCK 194162103 8,183,500.01 125,900 X 1 X
COLUMBIA ENERGY GROUP COMMON STOCK 197648108 2,289,650.00 36,200 X 1 X
COLUMBIA HEALTHCARE COMMON STOCK 197677107 2,887,281.25 98,500 X 1 X
COMCAST CLASS A SPECIAL COMMON STOCK 200300200 8,363,037.50 165,400 X 1 X
COMDISCO COMMON STOCK 200336105 2,655,925.00 71,300 X 1 X
COMERICA COMMON STOCK 200340107 368,831.25 7,900 X 1 X
COMMERCE BANCORP INC COMMON STOCK 200519106 301,582.87 7,458 X 1 X
COMMERCIAL FEDERAL CORP COMMON STOCK 201647104 325,968.74 18,300 X 1 X
COMMSCOPE INC COMMON STOCK 203372107 1,023,937.50 25,400 X 1 X
COMMUNITY FIRST BANKSHARES COMMON STOCK 203902101 214,200.00 13,600 X 1 X
COMPAQ COMPUTER COMMON STOCK 204493100 4,018,781.25 148,500 X 1 X
COMPUTER ASSOCIATES INTL COMMON STOCK 204912109 8,224,650.00 117,600 X 1 X
COMPUTER SCIENCES COMMON STOCK 205363104 3,737,687.50 39,500 X 1 X
COMPUWARE COMMON STOCK 205638109 674,225.00 18,100 X 1 X
COMVERSE TECHNOLOGY COMMON STOCK 205862402 521,100.00 3,600 X 1 X
CONAGRA COMMON STOCK 205887102 561,806.25 24,900 X 1 X
CONCORD EFS INC COMMON STOCK 206197105 2,282,737.50 88,650 X 1 X
CONOCO INC - CL A COMMON STOCK 208251306 3,096,225.00 125,100 X 1 X
CONOCO INC. COMMON STOCK 208251405 2,787,193.99 112,048 X 1 X
CONSECO COMMON STOCK 208464107 296,725.00 16,600 X 1 X
CONSOLIDATED EDISON COMMON STOCK 209115104 386,400.00 11,200 X 1 X
CONSOLIDATED NATL GAS COMMON STOCK 209615103 318,193.75 4,900 X 1 X
CONSTELLATION ENERGY GROUP COMMON STOCK 210371100 1,151,300.00 39,700 X 1 X
CONVERGYS CORP COMMON STOCK 212485106 2,201,700.00 71,600 X 1 X
COOPER CAMERON CORP COMMON STOCK 216640102 1,409,400.00 28,800 X 1 X
CORN PRODUCTS INTL INC COMMON STOCK 219023108 412,650.00 12,600 X 1 X
CORNERSTONE PROPERTIES INC COMMON STOCK 21922H103 6,946,875.00 475,000 X 1 X
CORNING COMMON STOCK 219350105 3,571,568.75 27,700 X 1 X
COSTO WHOLESALE CORP COMMON STOCK 22160K105 8,404,125.00 92,100 X 1 X
COVENTRY HEALTH CARE INC COMMON STOCK 222862104 107,325.01 15,900 X 1 X
CREDENCE SYS CORP COMMON STOCK 225302108 1,211,000.00 14,000 X 1 X
CROSS TIMBERS OIL CO COMMON STOCK 227573102 125,742.20 13,875 X 1 X
CROWN CASTLE INTL COMMON STOCK 228227104 923,015.50 28,732 X 1 X
CSG SYSTEMS INTERNATION COMMON STOCK 126349109 1,112,512.50 27,900 X 1 X
CULLEN FROST BANKERS COMMON STOCK 229899109 424,875.00 16,500 X 1 X
CVS CORP COMMON STOCK 126650100 790,762.50 19,800 X 1 X
CYPRESS SEMICONDUCTOR COMMON STOCK 232806109 1,563,712.50 48,300 X 1 X
DALLAS SEMICONDUCTOR COMMON STOCK 235204104 573,493.75 8,900 X 1 X
DANA COMMON STOCK 235811106 248,481.25 8,300 X 1 X
DARDEN RESTAURANTS COMMON STOCK 237194105 2,658,937.50 146,700 X 1 X
DAYTON-HUDSON COMMON STOCK 239753106 4,068,437.50 55,400 X 1 X
DAYTON-HUDSON COMMON STOCK 239753106 1,637,656.25 22,300 X 1 X
DEERE COMMON STOCK 244199105 2,220,800.00 51,200 X 1 X
DELL COMPUTER COMMON STOCK 247025109 30,523,500.00 598,500 X 1 X
DELPHI AUTOMOTIVE SYSTEMS COMMON STOCK 247126105 451,143.04 28,644 X 1 X
DELPHI FINANCIAL GROUP COMMON STOCK 247131105 206,400.00 6,880 X 1 X
DELTA AIR LINES COMMON STOCK 247361108 333,743.75 6,700 X 1 X
DELTA AND PINE LAND COMMON STOCK 247357106 186,485.89 10,733 X 1 X
DENDRITE INTERNATIONAL INC COMMON STOCK 248239105 345,525.00 10,200 X 1 X
DETROIT EDISON COMMON STOCK 233331107 1,198,525.00 38,200 X 1 X
DEVELOPERS DIVER REALTY CORP COMMON STOCK 251591103 2,575,000.00 200,000 X 1 X
DEVON ENERGY CORP COMMON STOCK 25179M103 8,501,475.00 258,600 X 1 X
DIAMOND OFFSHORE DRILLING INC COMMON STOCK 25271C102 1,497,562.50 49,000 X 1 X
DIGITAL MICROWAVE CORP COMMON STOCK 253859102 457,031.25 19,500 X 1 X
DIGIX COMMON STOCK 253756100 1,326,875.00 19,300 X 1 X
DIMON INC COMMON STOCK 254394109 38,350.00 11,800 X 1 X
DIONEX COMMON STOCK 254546104 275,956.25 6,700 X 1 X
DISNEY (WALT) COMMON STOCK 254687106 6,563,700.00 224,400 X 1 X
DOLLAR GENERAL COMMON STOCK 256669102 308,262.50 13,550 X 1 X
DOMINION RESOURCES COMMON STOCK 25746U109 380,725.00 9,700 X 1 X
DOVER COMMON STOCK 260003108 467,362.50 10,300 X 1 X
DOW CHEMICAL COMMON STOCK 260543103 4,115,650.00 30,800 X 1 X
DOW JONES COMMON STOCK 260561105 306,000.00 4,500 X 1 X
DR HORTON INC COMMON STOCK 23331A109 191,993.75 13,900 X 1 X
DU PONT DE NEMOURS COMMON STOCK 263534109 7,935,631.88 120,465 X 1 X
DUKE ENERGY CORP COMMON STOCK 264399106 927,312.50 18,500 X 1 X
DUKE REALTY INVESTMENTS INC COMMON STOCK 264411505 7,800,000.00 400,000 X 1 X
DUN & BRADSTREET CORP COMMON STOCK 26483B106 238,950.00 8,100 X 1 X
E M C COMMON STOCK 268648102 30,841,275.00 282,300 X 1 X
E TRADE GROUP INC COMMON STOCK 269246104 3,981,450.00 152,400 X 1 X
EARTHGRAINS COMPANY COMMON STOCK 270319106 228,975.00 14,200 X 1 X
EASTERN UTIL ASSOC COMMON STOCK 277173100 266,750.28 8,800 X 1 X
EASTMAN KODAK COMMON STOCK 277461109 1,060,000.00 16,000 X 1 X
EATON COMMON STOCK 278058102 268,712.50 3,700 X 1 X
EATON VANCE CORP COMMON STOCK 278265103 360,999.99 9,500 X 1 X
ECOLAB COMMON STOCK 278865100 258,225.00 6,600 X 1 X
EDISON INTL COMMON STOCK 281020107 460,900.00 17,600 X 1 X
EDWARDS (AG) COMMON STOCK 281760108 3,446,718.75 107,500 X 1 X
EL PASO ENERGY CAPITAL TRUST NON-REDEEM P/S 283678209 1,838,687.50 36,500 X 1 X
EL PASO ENERGY CORP DELAWARE COMMON STOCK 283905107 2,946,179.26 75,908 X 1 X
ELECTRO SCIENTIFIC COMMON STOCK 285229100 262,800.00 3,600 X 1 X
ELECTRONIC ARTS COMMON STOCK 285512109 1,990,800.00 23,700 X 1 X
ELECTRONIC DATA SYSTEMS COMMON STOCK 285661104 3,855,600.00 57,600 X 1 X
EMERSON ELEC COMMON STOCK 291011104 4,848,187.51 84,500 X 1 X
EMMIS COMMUNICATIONS CORP COMMON STOCK 291525103 20,441,058.40 164,000 X 1 X
ENDESA COMMON FOREIGN 29258N107 4,645,423.04 235,147 X 1 X
ENERGY EAST CORPORATION COMMON STOCK 29266M109 938,643.75 45,100 X 1 X
ENHANCE FINANCIAL SERVICES COMMON STOCK 293310108 203,125.00 12,500 X 1 X
ENRON COMMON STOCK 293561106 11,905,812.47 268,300 X 1 X
ENSCO INTERNATIONAL COMMON STOCK 26874Q100 3,984,825.00 174,200 X 1 X
ENTERGY COMMON STOCK 29364G103 321,875.00 12,500 X 1 X
ENZO BIOCHEM COMMON STOCK 294100102 324,900.62 7,210 X 1 X
EQUITY OFFICE PROPERTIES TRUST COMMON STOCK 294741103 110,957,664.38 4,505,895 X 1 X
EQUITY RESIDENTIAL PROP TR COMMON STOCK 29476L107 8,234,418.75 192,900 X 1 X
ETEC SYSTEMS INC COMMON STOCK 26922C103 269,250.00 6,000 X 1 X
ETHAN ALLEN INTERIORS COMMON STOCK 297602104 3,212,662.83 100,200 X 1 X
EVI INC., 5.0%, REDEEMABLE P/S 268939204 2,392,500.00 60,000 X 1 X
EXCEL LEGACY CORPORATION NON-REDEEM P/S 300665106 6,625,000.00 2,000,000 X 1 X
EXODUS COMMUNICATIONS INC COMMON STOCK 302088109 2,024,925.00 22,800 X 1 X
EXPEDITORS INTL WASHINGTON COMMON STOCK 302130109 657,187.51 15,000 X 1 X
EXXON COMMON STOCK 30231G102 62,086,537.96 770,663 X 1 X
F P L GROUP COMMON STOCK 302571104 907,625.00 21,200 X 1 X
FAIR ISAAC & CO COMMON STOCK 303250104 222,600.00 4,200 X 1 X
FEDDERS CORP COMMON STOCK 313135105 87,450.00 15,900 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 11,288,700.01 180,800 X 1 X
FEDERAL REALTY INVEST. TRUST COMMON STOCK 313747206 1,853,031.25 98,500 X 1 X
FEDERATED DEPARTMENT STORES COMMON STOCK 31410H101 4,414,106.25 87,300 X 1 X
FEDEX CORP COMMON STOCK 31428X106 618,156.25 15,100 X 1 X
FIFTH THIRD BANCORP COMMON STOCK 316773100 1,144,650.00 15,600 X 1 X
FILENET CORP COMMON STOCK 316869106 247,350.01 9,700 X 1 X
FIRST AMERICAN FINL CORP COMMON STOCK 318522307 226,984.35 18,250 X 1 X
FIRST DATA COMMON STOCK 319963104 1,045,425.00 21,200 X 1 X
FIRST INDUSTRIAL REALTY TRUST COMMON STOCK 32054K103 2,743,750.00 100,000 X 1 X
FIRST MIDWEST BANCORP COMMON STOCK 320867104 361,725.00 13,650 X 1 X
FIRST SECURITY COMMON STOCK 336294103 2,131,863.56 83,500 X 1 X
FIRST TENNESSEE NATIONAL COMMON STOCK 337162101 3,260,400.00 114,400 X 1 X
FIRST UNION COMMON STOCK 337358105 1,640,625.00 50,000 X 1 X
FIRST WASH REALTY TRUST COMMON STOCK 337489504 747,500.00 40,000 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 10,856,137.50 513,900 X 1 X
FIRSTENERGY CORP COMMON STOCK 337932107 267,712.50 11,800 X 1 X
FISERV INC. COMMON STOCK 337738108 2,047,803.13 53,450 X 1 X
FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 12,396,174.26 356,084 X 1 X
FLORIDA PROGRESS COMMON STOCK 341109106 211,562.50 5,000 X 1 X
FOOTSTAR INC COMMON STOCK 344912100 231,800.00 7,600 X 1 X
FORD MOTOR COMMON STOCK 345370100 17,490,093.75 327,300 X 1 X
FOREST LABS COMMON STOCK 345838106 11,507,243.75 187,300 X 1 X
FRANKLIN RESOURCES COMMON STOCK 354613101 410,400.00 12,800 X 1 X
FREDDIE MAC COMMON STOCK 313400301 11,412,656.26 242,500 X 1 X
FREEPORT MCMORAN B COMMON STOCK 35671D857 5,807,262.50 274,900 X 1 X
FREMONT GENERAL CORP COMMON STOCK 357288109 157,825.00 21,400 X 1 X
FRITZ COS COMMON STOCK 358846103 111,299.99 10,600 X 1 X
FRONTIER INSURANCE GROUP COMMON STOCK 359081106 37,056.25 10,780 X 1 X
FULLER (H.B.) COMMON STOCK 359694106 1,644,562.50 29,400 X 1 X
G & K SERVICES COMMON STOCK 361268105 220,149.98 6,800 X 1 X
G T E COMMON STOCK 362320103 17,577,118.74 249,100 X 1 X
GABLES RESIDENTIAL TRUST COMMON STOCK 362418105 4,252,800.00 177,200 X 1 X
GALLAGHER (ARTHUR J & CO) COMMON STOCK 363576109 388,500.00 6,000 X 1 X
GANNETT COMMON STOCK 364730101 1,150,031.25 14,100 X 1 X
GAP STORES COMMON STOCK 364760108 4,560,900.00 99,150 X 1 X
GATEWAY INC COMMON STOCK 367626108 1,153,000.00 16,000 X 1 X
GENCORP COMMON STOCK 368682100 114,550.00 11,600 X 1 X
GENERAL COMMUNICATION - CL A COMMON STOCK 369385109 56,875.00 13,000 X 1 X
GENERAL DYNAMICS COMMON STOCK 369550108 538,050.00 10,200 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 112,178,275.01 724,900 X 1 X
GENERAL GROWTH PROPERTIES COMMON STOCK 370021107 7,895,999.98 282,000 X 1 X
GENERAL INSTRUMENT CORPORATION COMMON STOCK 370120107 4,275,500.00 50,300 X 1 X
GENERAL MILLS COMMON STOCK 370334104 3,131,700.00 87,600 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 7,828,443.77 107,700 X 1 X
GENERAL MOTORS CL H COMMON STOCK 370442832 5,385,600.00 56,100 X 1 X
GENERAL SEMICONDUCTOR INC COMMON STOCK 370787103 177,343.75 12,500 X 1 X
GENESIS HEALTH VENTURE COMMON STOCK 371912106 24,131.26 11,700 X 1 X
GENTEX CORP COMMON STOCK 371901109 607,725.01 21,900 X 1 X
GENUINE PARTS COMMON STOCK 372460105 223,312.50 9,000 X 1 X
GEON CO COMMON STOCK 37246W105 263,249.99 8,100 X 1 X
GEORGIA-PACIFIC COMMON STOCK 373298108 4,851,700.00 95,600 X 1 X
GILLETTE COMMON STOCK 375766102 5,107,250.00 124,000 X 1 X
GLIMCHER REALTY TRUST COMMON STOCK 379302102 1,287,500.00 100,000 X 1 X
GLOBAL CROSSING LTD COMMON STOCK G3921A100 9,632,750.00 192,655 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 7,910,175.00 475,800 X 1 X
GLOBAL TELESYSTEMS GROUP INC COMMON STOCK 37936U104 1,385,000.00 40,000 X 1 X
GOLDEN WEST FINL COMMON STOCK 381317106 274,700.00 8,200 X 1 X
GOODYEAR TIRE & RUBBER COMMON STOCK 382550101 222,681.25 7,900 X 1 X
GOODY'S FAMILY CLOTHING INC COMMON STOCK 382588101 57,512.50 10,700 X 1 X
GRACO COMMON STOCK 384109104 222,425.00 6,200 X 1 X
GRAINGER COMMON STOCK 384802104 26,975,812.50 564,200 X 1 X
GRIFFON CORP COMMON STOCK 398433102 87,499.99 11,200 X 1 X
GUIDANT COMMON STOCK 401698105 733,200.00 15,600 X 1 X
HADCO CORP COMMON STOCK 404681108 224,400.00 4,400 X 1 X
HALLIBURTON COMMON STOCK 406216101 2,934,225.00 72,900 X 1 X
HA-LO INDUSTRIES COMMON STOCK 404429102 85,124.99 11,350 X 1 X
HARBINGER CORP COMMON STOCK 41145C103 381,750.01 12,000 X 1 X
HARMAN INTERNATIONAL COMMON STOCK 413086109 252,562.50 4,500 X 1 X
HARRAH'S ENTERTAINMENT COMMON STOCK 413619107 2,818,237.50 106,600 X 1 X
HARTFORD FINANCIAL SERVICES COMMON STOCK 416515104 530,599.99 11,200 X 1 X
HEALTH CARE PROPERTY INVESTORS COMMON STOCK 421915109 955,000.00 40,000 X 1 X
HEALTHSOUTH COMMON STOCK 421924101 104,812.50 19,500 X 1 X
HEARTLAND EXPRESS INC COMMON STOCK 422347104 165,375.01 10,500 X 1 X
HEINZ COMMON STOCK 423074103 720,606.25 18,100 X 1 X
HENRY JACK & ASSOCIATES COMMON STOCK 426281101 314,071.87 5,850 X 1 X
HERSHEY FOODS COMMON STOCK 427866108 332,500.00 7,000 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 22,081,087.47 193,800 X 1 X
HILTON HOTELS COMMON STOCK 432848109 179,987.50 18,700 X 1 X
HISPANIC BROADCASTING CL A COMMON STOCK 43357B104 3,264,545.52 35,400 X 1 X
HNC SOFTWARE COMMON STOCK 40425P107 782,550.00 7,400 X 1 X
HOLLYWOOD PARK INC COMMON STOCK 436255103 208,668.75 9,300 X 1 X
HOME DEPOT COMMON STOCK 437076102 36,715,013.07 535,497 X 1 X
HOMESTAKE MINING COMMON STOCK 437614100 494,531.25 63,300 X 1 X
HONEYWELL INTERNATIONAL INC COMMON STOCK 438516106 15,168,207.03 262,938 X 1 X
HOST MARRIOTT COMMON STOCK 44107P104 5,808,000.00 704,000 X 1 X
HOUSEHOLD INTL COMMON STOCK 441815107 886,550.00 23,800 X 1 X
HOUSTON INDS INC. 7% CONV NON-REDEEM P/S 442161204 12,050,000.00 100,000 X 1 X
HUDSON UNITED BANCORP COMMON STOCK 444165104 340,594.75 13,324 X 1 X
HUNTINGTON BANCSHARES COMMON STOCK 446150104 276,233.75 11,570 X 1 X
HYPERION SOLUTIONS CORP COMMON STOCK 44914M104 380,842.52 8,755 X 1 X
IDEC PHARMECEUTICALS CORP COMMON STOCK 449370105 1,149,525.00 11,700 X 1 X
IDEX CORP COMMON STOCK 45167R104 246,037.50 8,100 X 1 X
IDEXX LABS CORP COMMON STOCK 45168D104 203,175.00 12,600 X 1 X
ILLINOIS TOOL WORKS COMMON STOCK 452308109 1,026,950.00 15,200 X 1 X
ILLINOVA COMMON STOCK 452317100 1,949,475.00 56,100 X 1 X
IMS HEALTH INC COMMON STOCK 449934108 424,125.00 15,600 X 1 X
INACOM CORP COMMON STOCK 45323G109 90,411.76 12,364 X 1 X
INCO COMMON FOREIGN 453258402 1,062,200.00 45,200 X 1 X
INCYTE PHARMACEUTICALS COMMON STOCK 45337C102 462,000.00 7,700 X 1 X
INFINITY BROADCASTING CORP COMMON STOCK 45662S102 4,859,981.25 134,300 X 1 X
INGERSOLL-RAND COMMON STOCK 456866102 2,901,793.75 52,700 X 1 X
INPUT/OUTPUT INC COMMON STOCK 457652105 71,887.49 14,200 X 1 X
INSO CORP COMMON STOCK 457674109 590,175.00 18,300 X 1 X
INSURANCE AUTO AUCTIONS,INC COMMON STOCK 457875102 26,255,250.00 1,667,000 X 1 X
INTEL COMMON STOCK 458140100 60,977,100.00 740,800 X 1 X
INTERFACE INC COMMON STOCK 458665106 91,424.99 15,900 X 1 X
INTERIM SERVICES INC COMMON STOCK 45868P100 507,375.01 20,500 X 1 X
INTERNATIONAL RECTIFIER CORP COMMON STOCK 460254105 429,000.01 16,500 X 1 X
INTERPUBLIC GROUP OF COS COMMON STOCK 460690100 6,570,606.25 113,900 X 1 X
INTERRA FINANCIAL INC COMMON STOCK 233856103 204,600.00 4,400 X 1 X
INTER-TEL INC COMMON STOCK 458372109 212,500.00 8,500 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 39,139,200.03 362,400 X 1 X
INTL FLAVORS & FRAGRANCES COMMON STOCK 459506101 200,075.00 5,300 X 1 X
INTL PAPER COMMON STOCK 460146103 1,185,074.63 20,998 X 1 X
INTUIT INC COMMON STOCK 461202103 5,819,931.25 97,100 X 1 X
INVESTMENT TECHNOLOGY GROUP COMMON STOCK 46145F105 1,555,375.00 54,100 X 1 X
IVAX CORP COMMON STOCK 465823102 4,331,150.00 168,200 X 1 X
JABIL CIRCUIT INC COMMON STOCK 466313103 4,000,400.00 54,800 X 1 X
JACK IN THE BOX COMMON STOCK 466367109 264,800.00 12,800 X 1 X
JAMES RIVER COMMON STOCK 347471104 298,387.50 10,900 X 1 X
JDN REALTY CORP COMMON STOCK 465917102 1,612,500.00 100,000 X 1 X
JEFFERSON-PILOT COMMON STOCK 475070108 361,725.01 5,300 X 1 X
JLG INDUSTRIES INC COMMON STOCK 466210101 219,937.50 13,800 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 26,224,000.02 281,600 X 1 X
JOHNSON CONTROLS COMMON STOCK 478366107 1,820,000.00 32,000 X 1 X
JONES PHARMA COMMON STOCK 480236108 566,859.38 13,050 X 1 X
JUSTIN INDUSTRIES COMMON STOCK 482171105 156,187.50 10,500 X 1 X
K MART COMMON STOCK 482584109 251,562.50 25,000 X 1 X
KANSAS CITY SOUTHERN INDUSTRIES COMMON STOCK 485170104 3,761,100.00 50,400 X 1 X
KEEBLER FOODS CO COMMON STOCK 487256109 1,577,812.50 56,100 X 1 X
KELLOGG COMMON STOCK 487836108 631,656.25 20,500 X 1 X
KEMET CORP COMMON STOCK 488360108 536,243.76 11,900 X 1 X
KENT ELECTRONICS CORP COMMON STOCK 490553104 211,575.00 9,300 X 1 X
KERR-MCGEE COMMON STOCK 492386107 2,008,800.00 32,400 X 1 X
KEYCORP COMMON STOCK 493267108 500,025.00 22,600 X 1 X
KEYSTONE FINANCIAL INC COMMON STOCK 493482103 3,209,925.00 152,400 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 18,354,825.00 281,300 X 1 X
KIMCO REALTY CORP COMMON STOCK 49446R109 6,775,000.00 200,000 X 1 X
KLA-TENCOR CORP COMMON STOCK 482480100 2,205,225.00 19,800 X 1 X
KMART FINANCING 7.75% CONV REDEEMABLE P/S 498778208 2,187,500.00 50,000 X 1 X
KNIGHT-RIDDER COMMON STOCK 499040103 3,653,300.00 61,400 X 1 X
KOHLS CORP COMMON STOCK 500255104 591,937.50 8,200 X 1 X
KOMAG INC COMMON STOCK 500453105 54,687.50 17,500 X 1 X
KROGER COMMON STOCK 501044101 794,637.50 42,100 X 1 X
KRONOS INC COMMON STOCK 501052104 258,000.02 4,300 X 1 X
KULICKE & SOFFA INDUSTRIES COMMON STOCK 501242101 319,218.74 7,500 X 1 X
L S I LOGIC COMMON STOCK 502161102 6,520,500.00 96,600 X 1 X
LATTICE SEMICONDUCTOR COMMON STOCK 518415104 706,875.01 15,000 X 1 X
LA-Z-BOY CHAIR COMMON STOCK 505336107 285,812.51 17,000 X 1 X
LEGATO SYS INC COMMON STOCK 524651106 2,828,193.75 41,100 X 1 X
LEGG MASON COMMON STOCK 524901105 2,718,750.00 75,000 X 1 X
LEGGETT & PLATT COMMON STOCK 524660107 212,231.25 9,900 X 1 X
LEHMAN BROS HOLDING COMMON STOCK 524908100 7,122,218.75 84,100 X 1 X
LEXMARK INT'L GROUP A COMMON STOCK 529771107 8,615,600.00 95,200 X 1 X
LILLY (ELI) COMMON STOCK 532457108 20,804,126.01 312,844 X 1 X
LIMITED COMMON STOCK 532716107 471,196.69 10,879 X 1 X
LINCARE HOLDINGS INC COMMON STOCK 532791100 4,367,156.25 125,900 X 1 X
LINCOLN NATIONAL COMMON STOCK 534187109 6,971,999.99 174,300 X 1 X
LINEAR TECH COMMON STOCK 535678106 5,417,281.25 75,700 X 1 X
LINENS 'N THINGS INC COMMON STOCK 535679104 343,650.00 11,600 X 1 X
LIPOSOME COMMON STOCK 536310105 145,216.89 11,900 X 1 X
LOCKHEED MARTIN COMMON STOCK 539830109 437,500.00 20,000 X 1 X
LOWE'S COMMON STOCK 548661107 12,756,625.00 213,500 X 1 X
LUBYS CAFETERIAS COMMON STOCK 549282101 117,162.50 10,300 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 51,571,473.22 689,343 X 1 X
MACERICH COMPANY COMMON STOCK 554382101 1,396,518.75 67,100 X 1 X
MACK-CALI REALTY CORP COMMON STOCK 554489104 7,167,187.50 275,000 X 1 X
MACROMEDIA INC COMMON STOCK 556100105 987,187.50 13,500 X 1 X
MAGELLAN HEALTH SERVICES INC COMMON STOCK 559079108 64,387.51 10,200 X 1 X
MANDALAY RESORT GROUP COMMON STOCK 562567107 1,907,850.00 94,800 X 1 X
MANITOWOC INC COMMON STOCK 563571108 282,200.00 8,300 X 1 X
MANPOWER COMMON STOCK 56418H100 5,666,325.00 150,600 X 1 X
MANUFACTURED HOME COMMUNITIES COMMON STOCK 564682102 14,981,386.81 616,201 X 1 X
MARCUS CORP COMMON STOCK 566330106 139,750.00 10,400 X 1 X
MARINE DRILLING CO INC COMMON STOCK 568240204 2,075,468.75 92,500 X 1 X
MARRIOTT INTERNATIONAL INC COMMON STOCK 571903202 397,687.50 12,600 X 1 X
MARSH & MC LENNAN COMMON STOCK 571748102 5,731,681.25 59,900 X 1 X
MARSHALL & ILSLEY COMMON STOCK 571834100 4,221,000.00 67,200 X 1 X
MASCO COMMON STOCK 574599106 573,475.00 22,600 X 1 X
MASCOTECH COMMON STOCK 574670105 128,143.75 10,100 X 1 X
MATTEL COMMON STOCK 577081102 279,562.50 21,300 X 1 X
MAXIM INTEGRATED PRODUCTS COMMON STOCK 57772K101 5,275,562.50 111,800 X 1 X
MAY DEPARTMENT STORES COMMON STOCK 577778103 545,025.00 16,900 X 1 X
MAYTAG COMMON STOCK 578592107 206,400.00 4,300 X 1 X
MBNA CORP COMMON STOCK 55262L100 4,768,750.00 175,000 X 1 X
MCDONALD'S COMMON STOCK 580135101 7,288,499.99 180,800 X 1 X
MCGRAW-HILL COMMON STOCK 580645109 610,087.50 9,900 X 1 X
MCI WORLDCOM INC COMMON STOCK 55268B106 32,548,272.23 613,395 X 1 X
MCKESSON HBOC INC COMMON STOCK 58155Q103 322,643.75 14,300 X 1 X
MEAD COMMON STOCK 582834107 225,875.00 5,200 X 1 X
MEDIAONE GROUP COMMON STOCK 58440J104 4,278,456.25 55,700 X 1 X
MEDICIS PHARMACEUTICAL CORP COMMON STOCK 584690309 353,268.75 8,300 X 1 X
MEDIMMUNE INC COMMON STOCK 584699102 5,606,575.00 33,800 X 1 X
MEDQUIST INC COMMON STOCK 584949101 258,125.00 10,000 X 1 X
MEDTRONICS COMMON STOCK 585055106 8,792,368.75 241,300 X 1 X
MELLON BANK COMMON STOCK 58551A108 875,406.25 25,700 X 1 X
MENS WEARHOUSE COMMON STOCK 587118100 1,887,343.75 64,250 X 1 X
MERCK COMMON STOCK 589331107 32,236,943.76 480,700 X 1 X
MERCURY INTERACTIVE CORP. COMMON STOCK 589405109 1,176,518.75 10,900 X 1 X
MEREDITH COMMON STOCK 589433101 2,196,931.25 52,700 X 1 X
MERISTAR HOSPITALITY CORP COMMON STOCK 58984Y103 2,828,800.00 176,800 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 13,309,900.00 159,400 X 1 X
METHODE ELECTRONICS CLASS A COMMON STOCK 591520200 359,800.01 11,200 X 1 X
MGC COMMUNICATIONS COMMON STOCK 552763302 5,080,075.00 100,100 X 1 X
MGIC INVESTMENT COMMON STOCK 552848103 318,993.75 5,300 X 1 X
MICHAEL'S STORES INC COMMON STOCK 594087108 253,650.00 8,900 X 1 X
MICREL INC COMMON STOCK 594793101 694,637.50 12,200 X 1 X
MICROCHIP TECHNOLOGY INC COMMON STOCK 595017104 1,888,875.00 27,600 X 1 X
MICRON TECH COMMON STOCK 595112103 7,821,650.00 100,600 X 1 X
MICROSOFT COMMON STOCK 594918104 138,909,149.98 1,189,800 X 1 X
MIDWAY GAMES COMMON STOCK 598148104 253,641.75 10,596 X 1 X
MILLS CORP COMMON STOCK 601148109 2,681,250.00 150,000 X 1 X
MINIMED INC COMMON STOCK 60365K108 4,402,325.00 60,100 X 1 X
MINNESOTA MNG & MFG COMMON STOCK 604059105 3,454,987.51 35,300 X 1 X
MIRAGE RESORTS COMMON STOCK 60462E104 3,756,156.25 245,300 X 1 X
MOLEX COMMON STOCK 608554101 447,831.25 7,900 X 1 X
MONSANTO COMMON STOCK 611662107 6,476,625.00 181,800 X 1 X
MONSANTO COMPANY NON-REDEEM P/S 611662305 3,213,125.00 97,000 X 1 X
MONTANA PWR COMMON STOCK 612085100 5,723,118.75 158,700 X 1 X
MORGAN (J.P.) COMMON STOCK 616880100 1,126,962.50 8,900 X 1 X
MORGAN STANLEY DEAN WITTER & CO COMMON STOCK 617446448 22,069,150.00 154,600 X 1 X
MORRISON KNUDSEN CORP COMMON STOCK 61844A109 157,812.50 20,200 X 1 X
MOTOROLA COMMON STOCK 620076109 27,874,425.00 189,300 X 1 X
MUELLER INDUSTRIES INC COMMON STOCK 624756102 435,000.00 12,000 X 1 X
MUTUAL RISK MANAGEMENT COMMON STOCK 628351108 213,518.76 12,700 X 1 X
NABISCO GROUP HOLDINGS COMMON STOCK 62952P102 175,312.50 16,500 X 1 X
NABORS INDUSTRIES COMMON STOCK 629568106 7,176,417.19 231,965 X 1 X
NANOPHASE TECHNOLOGIES CORP COMMON STOCK 630079101 109,892.26 22,542 X 1 X
NATIONAL AUSTRALIA BANK 7.875% NON-REDEEM P/S 632525309 966,875.00 35,000 X 1 X
NATIONAL CITY COMMON STOCK 635405103 739,050.00 31,200 X 1 X
NATIONAL DATA CORP COMMON STOCK 635621105 312,225.01 9,200 X 1 X
NATIONAL HEALTH INVESTORS COMMON STOCK 63633D104 743,750.00 50,000 X 1 X
NATIONAL INSTRUMENTS CORP COMMON STOCK 636518102 573,750.00 15,000 X 1 X
NATIONAL SEMICONDUCTOR COMMON STOCK 637640103 6,036,562.50 141,000 X 1 X
NATL COMPUTER SYSTEMS COMMON STOCK 635519101 383,775.00 10,200 X 1 X
NAUTICA ENTERPRISES INC COMMON STOCK 639089101 132,356.25 11,700 X 1 X
NBTY INC COMMON STOCK 628782104 222,000.01 19,200 X 1 X
NETWORK ASSOCIATES INC COMMON STOCK 640938106 1,525,190.63 57,150 X 1 X
NEW JERSEY RESOURCES COMMON STOCK 646025106 257,812.48 6,600 X 1 X
NEW YORK TIMES COMMON STOCK 650111107 3,281,550.00 66,800 X 1 X
NEWELL RUBBERMAID INC COMMON STOCK 651229106 413,801.00 14,269 X 1 X
NEWFIELD EXPLORATION CORP COMMON STOCK 651290108 323,675.02 12,100 X 1 X
NEWMONT MINING COMMON STOCK 651639106 208,250.00 8,500 X 1 X
NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 10,807,500.00 104,800 X 1 X
NEXTLINK COMMUNICATIONS - A COMMON STOCK 65333H707 18,539,550.00 223,200 X 1 X
NIAGARA MOHAWK HOLDINGS INC COMMON STOCK 653520106 1,657,168.75 118,900 X 1 X
NIKE CL B COMMON STOCK 654106103 5,778,987.50 116,600 X 1 X
NOBLE AFFILIATES COMMON STOCK 654894104 3,871,612.50 180,600 X 1 X
NOBLE DRILLING COMMON STOCK 655042109 25,862,675.00 789,700 X 1 X
NORFOLK SOUTHERN COMMON STOCK 655844108 395,650.00 19,300 X 1 X
NORTEL NETWORKS CORP COMMON FOREIGN 656569100 35,461,100.00 351,100 X 1 X
NORTHERN TRUST COMMON STOCK 665859104 6,004,900.00 113,300 X 1 X
NORTHWESTERN COMMON STOCK 668074107 147,400.00 6,700 X 1 X
NOVELL COMMON STOCK 670006105 674,943.75 16,900 X 1 X
NOVELLUS SYSTEM INC COMMON STOCK 670008101 1,911,488.28 15,600 X 1 X
NUCOR COMMON STOCK 670346105 4,154,787.49 75,800 X 1 X
NUEVO FINANCING 5.75% CONV REDEEMABLE P/S 670511203 1,498,750.00 55,000 X 1 X
NUVEEN MUNI VALUE FUND COMMON STOCK 670928100 26,023,725.00 3,304,600 X 1 X
O REILLY AUTOMOTIVE INC COMMON STOCK 686091109 283,800.00 13,200 X 1 X
OAK IND., INC COMMON STOCK 671400505 562,462.51 5,300 X 1 X
OAKWOOD HOMES COMMON STOCK 674098108 43,350.00 13,600 X 1 X
OCCIDENTAL PETROLEUM COMMON STOCK 674599105 402,225.00 18,600 X 1 X
OFFICE DEPOT INC COMMON STOCK 676220106 182,656.25 16,700 X 1 X
OLD KENT FINANCIAL COMMON STOCK 679833103 212,250.00 6,000 X 1 X
OMNICOM GROUP COMMON STOCK 681919106 900,000.00 9,000 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 45,133,171.88 402,750 X 1 X
ORBITAL SCIENCES COMMON STOCK 685564106 194,906.25 10,500 X 1 X
ORTHODONTIC CENTERS OF AMERICA COMMON STOCK 68750P103 189,806.25 15,900 X 1 X
OWENS & MINOR COMMON STOCK 690732102 107,250.00 12,000 X 1 X
OWENS ILLINOIS, 4.75%, CONV NON-REDEEM P/S 690768502 2,656,250.00 85,000 X 1 X
P N C FINANCIAL COMMON STOCK 693475105 5,371,150.00 120,700 X 1 X
P P G INDUSTRIES COMMON STOCK 693506107 1,726,725.00 27,600 X 1 X
PAINE WEBBER GROUP COMMON STOCK 695629105 279,450.00 7,200 X 1 X
PAN PACIFIC REALTY COMMON STOCK 69806L104 2,446,875.00 150,000 X 1 X
PARAMETRIC TECHNOLOGY CORP COMMON STOCK 699173100 368,050.00 13,600 X 1 X
PARKER-HANNIFIN COMMON STOCK 701094104 3,196,768.75 62,300 X 1 X
PATTERSON DENTAL CO COMMON STOCK 703412106 428,381.26 10,050 X 1 X
PAXAR CORP COMMON STOCK 704227107 120,867.21 14,325 X 1 X
PAYCHEX COMMON STOCK 704326107 502,000.00 12,550 X 1 X
P-COM INC COMMON STOCK 693262107 160,957.16 18,200 X 1 X
PE CORP - PE BIOSYSTEMS GROUP COMMON STOCK 69332S102 625,625.00 5,200 X 1 X
PECO ENERGY CO COMMON STOCK 693304107 1,483,825.00 42,700 X 1 X
PENNEY (J.C.) COMMON STOCK 708160106 263,175.00 13,200 X 1 X
PEOPLESOFT INC COMMON STOCK 712713106 264,275.00 12,400 X 1 X
PEPSICO COMMON STOCK 713448108 13,610,025.01 386,100 X 1 X
PFIZER COMMON STOCK 717081103 22,527,843.78 694,500 X 1 X
PG & E CORP COMMON STOCK 69331C108 920,450.00 44,900 X 1 X
PHARMACIA & UPJOHN INC COMMON STOCK 716941109 3,375,000.00 75,000 X 1 X
PHELPS DODGE COMMON STOCK 717265102 2,034,558.74 30,310 X 1 X
PHILLIPS PETROLEUM COMMON STOCK 718507106 601,600.00 12,800 X 1 X
PHILLIPS-VAN HEUSEN COMMON STOCK 718592108 89,775.00 10,800 X 1 X
PHOTRONICS INC COMMON STOCK 719405102 214,687.49 7,500 X 1 X
PICTURETEL CORP COMMON STOCK 720035302 43,125.00 10,000 X 1 X
PIEDMONT NATL GAS COMMON STOCK 720186105 287,375.30 9,500 X 1 X
PIER 1 COMMON STOCK 720279108 190,134.37 29,825 X 1 X
PIONEER STANDARD ELECTRONICS COMMON STOCK 723877106 144,375.01 10,000 X 1 X
PITNEY BOWES COMMON STOCK 724479100 647,387.51 13,400 X 1 X
PLACER DOME COMMON FOREIGN 725906101 177,375.00 16,500 X 1 X
PMC - SIERRA INC COMMON STOCK 69344F106 5,450,625.00 34,000 X 1 X
POGO PRODUCING COMMON STOCK 730448107 219,350.01 10,700 X 1 X
POLARIS INDUSTRIES INC COMMON STOCK 731068102 282,750.00 7,800 X 1 X
POST PROPERTIES, INC. COMMON STOCK 737464107 22,077,900.00 577,200 X 1 X
PRENTISS PROPERTIES TRUST COMMON STOCK 740706106 2,100,000.00 100,000 X 1 X
PRICE T ROWE & ASSOC INC COMMON STOCK 741477103 225,318.75 6,100 X 1 X
PRIDE INTL COMMON STOCK 741932107 206,212.50 14,100 X 1 X
PRIME HOSPITALITY COMMON STOCK 741917108 146,287.50 16,600 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 35,969,368.75 328,300 X 1 X
PROFIT RECOVERY GROUP INTL INC COMMON STOCK 743168106 308,125.00 11,600 X 1 X
PROGRESS SOFTWARE CORP. COMMON STOCK 743312100 326,312.53 5,750 X 1 X
PROGRESSIVE CORP. COMMON STOCK 743315103 270,562.50 3,700 X 1 X
PROLOGIS TRUST COMMON STOCK 743410102 44,137,632.01 2,292,864 X 1 X
PROTEIN DESIGN LABS INC COMMON STOCK 74369L103 378,000.01 5,400 X 1 X
PROVIDIAN FINANCIAL CORP COMMON STOCK 74406A102 655,650.00 7,200 X 1 X
PSINET NON-REDEEM P/S 74437C309 2,335,000.00 40,000 X 1 X
PUBLIC STORAGE INC COMMON STOCK 74460D109 3,403,125.00 150,000 X 1 X
PUBLIC SVC ENTERPRISE GROUP COMMON STOCK 744573106 386,418.75 11,100 X 1 X
PUBLIC SVC OF NEW MEXICO COMMON STOCK 744499104 1,137,500.00 70,000 X 1 X
QLOGIC CORP COMMON STOCK 747277101 3,565,212.50 22,300 X 1 X
QUAKER OATS COMMON STOCK 747402105 446,250.00 6,800 X 1 X
QUALCOM COMMON STOCK 747525103 33,956,900.00 192,800 X 1 X
QUALCOMM INC 5.75% CONV REDEEMABLE P/S 74752R402 48,652,312.50 49,500 X 1 X
QUANTUM COMMON STOCK 747906204 765,325.00 50,600 X 1 X
QUEENS COUNTY BANCORP COMMON STOCK 748242104 208,862.50 7,700 X 1 X
RADIAN GROUP INC COMMON STOCK 750236101 3,982,350.00 83,400 X 1 X
RADIO ONE INC COMMON STOCK 75040P108 5,906,400.00 64,200 X 1 X
RALSTON-RALSTON PURINA COMMON STOCK 751277302 6,865,612.50 246,300 X 1 X
RATIONAL SOFTWARE CORP COMMON STOCK 75409P202 2,505,375.00 51,000 X 1 X
RAYMOND JAMES FINANCIAL INC COMMON STOCK 754730109 285,451.55 15,275 X 1 X
RAYTHEON COMMON STOCK 755111408 454,218.75 17,100 X 1 X
READERS DIGEST COMMON STOCK 755267101 17,997,525.00 615,300 X 1 X
READERS DIGEST, 8.25%, CONV NON-REDEEM P/S 755271202 2,441,250.00 90,000 X 1 X
READ-RITE CORP COMMON STOCK 755246105 72,674.99 15,300 X 1 X
REGIONS FINANCIAL COMMON STOCK 758940100 278,887.50 11,100 X 1 X
REGIS CORP COMMON STOCK 758932107 229,331.25 12,150 X 1 X
RELIANT ENERGY INC COMMON STOCK 75952J108 343,125.00 15,000 X 1 X
RELIASTAR FINL COMMON STOCK 75952U103 6,195,543.75 158,100 X 1 X
RENAL CARE GROUP INC COMMON STOCK 759930100 287,512.50 12,300 X 1 X
REPSOL-YPF SA COMMON FOREIGN 76026T205 4,975,000.26 215,620 X 1 X
REYNOLDS & REYNOLDS COMMON STOCK 761695105 8,655,750.00 384,700 X 1 X
REYNOLDS METALS COMMON STOCK 761763101 812,225.00 10,600 X 1 X
RIGGS NATIONAL COMMON STOCK 766570105 143,743.74 10,900 X 1 X
RITE AID COMMON STOCK 767754104 146,556.25 13,100 X 1 X
ROCKWELL INTL COMMON STOCK 773903109 459,599.99 9,600 X 1 X
ROHM & HAAS COMMON STOCK 775371107 451,061.63 11,086 X 1 X
ROLLINS TRUCK LEASING COMMON STOCK 775741101 242,331.26 20,300 X 1 X
ROPER COMMON STOCK 776696106 359,218.75 9,500 X 1 X
ROUSE CO COMMON STOCK 779273101 2,550,000.00 120,000 X 1 X
ROYAL CARIBBEAN 7.25% CONV NON-REDEEM P/S V7780T111 1,060,500.00 7,000 X 1 X
ROYAL DUTCH PETROLEUM COMMON FOREIGN 780257804 23,153,606.27 383,100 X 1 X
RSA SECURITY INC COMMON STOCK 749719100 837,000.00 10,800 X 1 X
RUBY TUESDAY INC COMMON STOCK 781182100 194,606.25 10,700 X 1 X
RURAL CELLULAR CORP COMMON STOCK 781904107 4,190,150.00 46,300 X 1 X
RUSS BERRIE COMMON STOCK 782233100 204,750.00 7,800 X 1 X
RYANS FAMILY STEAK HOUSE COMMON STOCK 783519101 105,400.00 12,400 X 1 X
S C I SYSTEMS COMMON STOCK 783890106 4,610,718.75 56,100 X 1 X
S E I COMMON STOCK 784117103 666,487.36 5,600 X 1 X
S3 INC COMMON STOCK 784849101 250,906.24 21,700 X 1 X
SAFESKIN CORP COMMON STOCK 786454108 180,662.52 14,900 X 1 X
SAFEWAY INC COMMON STOCK 786514208 913,956.25 25,700 X 1 X
SANMINA CORP COMMON STOCK 800907107 4,054,925.00 40,600 X 1 X
SANTA FE SNYDER CORP COMMON STOCK 80218K105 1,542,400.00 192,800 X 1 X
SARA LEE COMMON STOCK 803111103 1,014,875.00 46,000 X 1 X
SAWTEK INC COMMON STOCK 805468105 2,183,250.00 32,800 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 34,678,873.24 711,362 X 1 X
SCANA COMMON STOCK 805898103 720,250.00 26,800 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 13,057,031.24 309,500 X 1 X
SCHLUMBERGER COMMON STOCK 806857108 1,563,750.00 27,800 X 1 X
SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 9,359,662.50 243,900 X 1 X
SCIENTIFIC-ATLANTA COMMON STOCK 808655104 222,500.00 4,000 X 1 X
SCOTTS CO CLASS A COMMON STOCK 810186106 265,650.00 6,600 X 1 X
SEAGATE TECH COMMON STOCK 811804103 488,906.25 10,500 X 1 X
SEALED AIR COMMON STOCK 81211K100 217,612.50 4,200 X 1 X
SEALED AIR CORP., $2.00, CONV NON-REDEEM P/S 81211K209 7,379,666.00 146,132 X 1 X
SEARS ROEBUCK COMMON STOCK 812387108 581,356.25 19,100 X 1 X
SECURITY CAPITAL GROUP INC. COMMON STOCK 81413P105 28,918,040.05 46,642 X 1 X
SELECTIVE INSURANCE GROUP COMMON STOCK 816300107 187,343.77 10,900 X 1 X
SEMPRA ENERGY COMMON STOCK 816851109 211,975.00 12,200 X 1 X
SERVICE CORP. INTL COMMON STOCK 817565104 95,737.50 13,800 X 1 X
SHOPKO COMMON STOCK 824911101 211,600.01 9,200 X 1 X
SIEBEL SYSTEMS INC COMMON STOCK 826170102 7,971,600.00 94,900 X 1 X
SIERRA PACIFIC RESOURCES COMMON STOCK 826428104 633,637.50 36,600 X 1 X
SILICON VY BANCSHARES COMMON STOCK 827064106 306,900.00 6,200 X 1 X
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 6,080,731.25 265,100 X 1 X
SL GREEN REALTY CORP COMMON STOCK 78440X101 3,262,500.00 150,000 X 1 X
SMITHFIELD FOODS COMMON STOCK 832248108 297,600.01 12,400 X 1 X
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 4,569,250.00 186,500 X 1 X
SNYDER COMMUNICATIONS INC COMMON STOCK 832914105 404,250.00 21,000 X 1 X
SOLECTRON CORP COMMON STOCK 834182107 9,360,300.00 98,400 X 1 X
SONOCO PRODUCTS COMMON STOCK 835495102 4,333,875.00 190,500 X 1 X
SOUTHERN COMMON STOCK 842587107 801,350.00 34,100 X 1 X
SOUTHTRUST COMMON STOCK 844730101 321,406.25 8,500 X 1 X
SOUTHWEST AIRLINES COMMON STOCK 844741108 411,971.88 25,450 X 1 X
SOUTHWESTERN ENERGY COMMON STOCK 845467109 66,281.25 10,100 X 1 X
SPRINT COMMON STOCK 852061100 12,937,462.68 192,200 X 1 X
SPRINT CONV NON-REDEEM P/S 852061407 2,598,750.00 35,000 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 12,207,750.02 119,100 X 1 X
ST FRANCIS CAPITOL CORP COMMON STOCK 789374105 1,110,050.00 59,600 X 1 X
ST. PAUL COMMON STOCK 792860108 387,406.25 11,500 X 1 X
STANDARD PACIFIC COMMON STOCK 85375C101 134,200.01 12,200 X 1 X
STAPLES COMMON STOCK 855030102 5,986,375.00 288,500 X 1 X
STARBUCKS, CORP COMMON STOCK 855244109 3,184,025.00 131,300 X 1 X
STARWOOD HOTELS & RESORTS TRUST COMMON STOCK 85590A203 19,845,750.00 844,500 X 1 X
STATE STREET CORP COMMON STOCK 857477103 3,426,631.25 46,900 X 1 X
STEIN MART INC COMMON STOCK 858375108 67,681.24 11,900 X 1 X
STERLING COMMERCE INC COMMON STOCK 859205106 991,218.75 29,100 X 1 X
STERLING SOFTWARE COMMON STOCK 859547101 916,650.00 29,100 X 1 X
STILLWATER MINING CORP COMMON STOCK 86074Q102 339,469.06 10,650 X 1 X
STRIDE RITE COMMON STOCK 863314100 101,400.00 15,600 X 1 X
STUDENT LOAN MKTG ASSN COMMON STOCK 78442A109 342,225.00 8,100 X 1 X
SUMMIT BANCORP COMMON STOCK 866005101 2,970,625.00 97,000 X 1 X
SUN COMMUNITIES COMMON STOCK 866674104 4,268,062.50 132,600 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 29,726,242.88 383,874 X 1 X
SUNTRUST BANKS COMMON STOCK 867914103 1,114,762.50 16,200 X 1 X
SUSQUEHANNA BANCSHARES INC COMMON STOCK 869099101 173,037.50 10,900 X 1 X
SYKES ENTERPRISES INC COMMON STOCK 871237103 943,312.50 21,500 X 1 X
SYMANTEC CORP. COMMON STOCK 871503108 1,414,035.00 26,800 X 1 X
SYMBOL TECH COMMON STOCK 871508107 2,669,625.00 42,000 X 1 X
SYNOPSYS INC COMMON STOCK 871607107 2,069,250.00 31,000 X 1 X
SYNOVUS FINANCIAL CORP COMMON STOCK 87161C105 282,225.00 14,200 X 1 X
SYSCO COMMON STOCK 871829107 660,693.75 16,700 X 1 X
T N P ENTERPRISES COMMON STOCK 872594106 247,500.00 6,000 X 1 X
T R W COMMON STOCK 872649108 322,012.50 6,200 X 1 X
TALK.COM INC COMMON STOCK 874264104 287,550.01 16,200 X 1 X
TANDY COMMON STOCK 875382103 3,241,456.25 65,900 X 1 X
TECHNITROL INC COMMON STOCK 878555101 244,750.00 5,500 X 1 X
TECHNOLOGY SOLUTIONS CO COMMON STOCK 87872T108 424,112.50 12,950 X 1 X
TELECOM CORP OF NEW ZEALAND COMMON FOREIGN 879278208 897,049.99 23,300 X 1 X
TELECORP PCS CI A\ COMMON STOCK 879299105 543,400.00 14,300 X 1 X
TELEPHONE & DATA SYSTEMS COMMON STOCK 879433100 7,093,800.00 56,300 X 1 X
TELLABS COMMON STOCK 879664100 5,500,868.75 85,700 X 1 X
TEMPLE-INLAND COMMON STOCK 879868107 3,052,906.25 46,300 X 1 X
TENET HEALTHCARE COMMON STOCK 88033G100 3,287,650.00 139,900 X 1 X
TERADYNE COMMON STOCK 880770102 574,200.00 8,700 X 1 X
TETRA TECH COMMON STOCK 88162G103 163,359.38 10,625 X 1 X
TEXACO COMMON STOCK 881694103 7,706,943.75 141,900 X 1 X
TEXAS INDUSTRIES COMMON STOCK 882491103 1,081,087.52 25,400 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 17,214,687.50 177,700 X 1 X
TEXAS UTILITIES CO (HLDG) COMMON STOCK 882848104 995,750.00 28,000 X 1 X
TEXTRON COMMON STOCK 883203101 5,015,362.50 65,400 X 1 X
THE PMI GROUP COMMON STOCK 69344M101 2,387,077.69 48,903 X 1 X
TIDEWATER COMMON STOCK 886423102 18,396,000.00 511,000 X 1 X
TIMBERLAND CO - CL A COMMON STOCK 887100105 348,975.49 6,600 X 1 X
TIME WARNER COMMON STOCK 887315109 18,775,800.00 259,200 X 1 X
TIMES MIRROR COMMON STOCK 887364107 4,422,000.00 66,000 X 1 X
TJ INTL COMMON STOCK 872534102 235,200.00 5,600 X 1 X
TJX COMMON STOCK 872540109 320,868.75 15,700 X 1 X
TOLL BROTHERS INC COMMON STOCK 889478103 225,362.49 12,100 X 1 X
TORCHMARK COMMON STOCK 891027104 831,187.50 28,600 X 1 X
TOWER AUTO COMMON STOCK 891707101 200,687.50 13,000 X 1 X
TOYS R US COMMON STOCK 892335100 177,475.00 12,400 X 1 X
TRANSOCEAN SEDCO FOREX INC COMMON STOCK G90078109 548,502.57 16,282 X 1 X
TREDEGAR COMMON STOCK 894650100 215,150.00 10,400 X 1 X
TRIBUNE COMMON STOCK 896047107 2,191,487.49 39,800 X 1 X
TRUE NORTH COMMUNICATION COMMON STOCK 897844106 639,031.25 14,300 X 1 X
TRUSTCO BANK CORP NY COMMON STOCK 898349105 182,850.00 13,800 X 1 X
TUBOSCOPE VETCO INTL CO COMMON STOCK 898600101 193,675.00 12,200 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 15,375,606.75 395,514 X 1 X
TYSON FOODS COMMON STOCK 902494103 6,363,500.00 391,600 X 1 X
U S TRUST COMMON STOCK 91288L105 441,031.25 5,500 X 1 X
U S X- U.S. STEEL GROUP COMMON STOCK 90337T101 2,577,300.00 78,100 X 1 X
UNICOM COMMON STOCK 904911104 368,500.00 11,000 X 1 X
UNILEVER N.V. COMMON FOREIGN 904784709 2,864,011.65 52,611 X 1 X
UNION CARBIDE COMMON STOCK 905581104 453,900.00 6,800 X 1 X
UNION PACIFIC COMMON STOCK 907818108 549,675.00 12,600 X 1 X
UNION PACIFIC RESOURCES GRP COMMON STOCK 907834105 1,522,350.00 119,400 X 1 X
UNION PLANTERS COMMON STOCK 908068109 280,006.25 7,100 X 1 X
UNISYS COMMON STOCK 909214108 501,418.75 15,700 X 1 X
UNITED BANKSHARES COMMON STOCK 909907107 298,437.50 12,500 X 1 X
UNITED DOMINION COMMON STOCK 910197102 987,500.00 100,000 X 1 X
UNITED HEALTHCARE COMMON STOCK 910581107 456,875.00 8,600 X 1 X
UNITED ILLUMINATING COMMON STOCK 910637107 256,875.01 5,000 X 1 X
UNITED TECH COMMON STOCK 913017109 15,554,500.01 239,300 X 1 X
UNITED WATER RESOURCES INC COMMON STOCK 913190104 386,318.75 11,300 X 1 X
UNIVERSAL HEALTH SERVICES INC COMMON STOCK 913903100 327,600.00 9,100 X 1 X
UNIVISION COMMUNICATION INC COMMON STOCK 914906102 4,169,250.00 40,800 X 1 X
UNOCAL COMMON STOCK 915289102 412,818.74 12,300 X 1 X
UNUM PROVIDENT COMMON STOCK 91529Y106 387,956.25 12,100 X 1 X
US BANCORP COMMON STOCK 902973106 3,643,312.50 153,000 X 1 X
US FREIGHTWAYS CORP COMMON STOCK 916906100 411,725.01 8,600 X 1 X
US ONCOLOGY INC COMMON STOCK 90338W103 111,093.75 22,500 X 1 X
US WEST COMMON STOCK 91273H101 3,715,199.99 51,600 X 1 X
USA NETWORKS COMMON STOCK 902984103 5,270,850.00 95,400 X 1 X
UST CORP COMMON STOCK 902900109 460,375.00 14,500 X 1 X
USX-MARATHON GROUP COMMON STOCK 902905827 1,488,656.25 60,300 X 1 X
VALASSIS COMMUNICATION COMMON STOCK 918866104 697,125.00 16,500 X 1 X
VARIAN ASSOC COMMON STOCK 92220P105 247,443.75 8,300 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 18,448,812.50 128,900 X 1 X
VERITY INC COMMON STOCK 92343C106 374,550.00 8,800 X 1 X
VERTEX PHARMACEUTICALS COMMON STOCK 92532F100 280,000.00 8,000 X 1 X
VIACOM -CL B COMMON STOCK 925524308 6,475,273.75 107,140 X 1 X
VIACOM INTERNATIONAL COMMON STOCK 925524100 1,220,837.50 20,200 X 1 X
VIAD CORP COMMON STOCK 92552R109 4,158,950.00 149,200 X 1 X
VICOR CORP COMMON STOCK 925815102 530,550.00 13,100 X 1 X
VINTAGE PETE INC COMMON STOCK 927460105 220,743.75 18,300 X 1 X
VISHAY INTERTECH. INC COMMON STOCK 928298108 1,077,621.88 34,075 X 1 X
VITESSE SEMICONDUCTOR COMMON STOCK 928497106 3,612,943.75 68,900 X 1 X
VOICESTREAM WIRELESS CORP COMMON STOCK 928615103 4,127,062.50 29,000 X 1 X
VORNADO COMMON STOCK 929042109 11,375,000.00 350,000 X 1 X
VORNADO OPERATING CO COMMON STOCK 92904N103 105,000.00 17,500 X 1 X
VULCAN MATERIALS COMMON STOCK 929160109 203,681.25 5,100 X 1 X
WACHOVIA CORP COMMON STOCK 929771103 700,400.00 10,300 X 1 X
WADDELL & REED FINANCIAL COMMON STOCK 930059100 1,744,137.50 64,300 X 1 X
WALGREEN COMMON STOCK 931422109 8,268,975.00 282,700 X 1 X
WAL-MART STORES COMMON STOCK 931142103 67,528,212.53 976,900 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 12,716,700.00 155,200 X 1 X
WASHINGTON MUTUAL COMMON STOCK 939322103 3,304,600.00 127,100 X 1 X
WASTE MANAGEMENT INC COMMON STOCK 94106L109 539,687.50 31,400 X 1 X
WBK STRYPES TRUST, 10.00%, NON-REDEEM P/S 929229102 1,074,093.75 33,500 X 1 X
WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 4,768,537.50 119,400 X 1 X
WELLPOINT HEALTH COMMON STOCK 94973H108 211,000.00 3,200 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 12,272,781.25 303,500 X 1 X
WERNER ENTERPRISES INC COMMON STOCK 950755108 234,140.63 16,650 X 1 X
WESTERN WIRELESS CORP CL A COMMON STOCK 95988E204 4,518,975.00 67,700 X 1 X
WESTWOOD ONE COMMON STOCK 961815107 8,200,400.00 107,900 X 1 X
WEYERHAEUSER COMMON STOCK 962166104 6,700,106.25 93,300 X 1 X
WHIRLPOOL COMMON STOCK 963320106 247,237.50 3,800 X 1 X
WHITNEY HOLDING CORP COMMON STOCK 966612103 259,437.87 7,000 X 1 X
WHITTMAN-HART INC COMMON STOCK 966834103 804,375.00 15,000 X 1 X
WHOLE FOODS MARKET INC COMMON STOCK 966837106 380,275.00 8,200 X 1 X
WICOR COMMON STOCK 929253102 385,275.00 13,200 X 1 X
WILLAMETTE INDUSTRIES COMMON STOCK 969133107 260,050.00 5,600 X 1 X
WILLIAMS COMMON STOCK 969457100 672,375.00 22,000 X 1 X
WINSTAR COMMUNICATIONS INC COMMON STOCK 975515107 3,654,589.62 48,566 X 1 X
WINSTON HOTELS COMMON STOCK 97563A102 812,500.00 100,000 X 1 X
WOLVERINE WORLD WIDE COMMON STOCK 978097103 157,499.99 14,400 X 1 X
WRIGLEY COMMON STOCK 982526105 489,331.25 5,900 X 1 X
XEROX COMMON STOCK 984121103 1,746,937.51 77,000 X 1 X
XICOR COMMON STOCK 984903104 1,205,868.75 88,100 X 1 X
XILINX, INC. COMMON STOCK 983919101 4,337,723.52 95,400 X 1 X
XIRCOM INC COMMON STOCK 983922105 2,782,500.00 37,100 X 1 X
YAHOO INC COMMON STOCK 984332106 25,268,950.00 58,400 X 1 X
YOUNG AND REUBICAM INC COMMON STOCK 987425105 8,872,050.00 125,400 X 1 X
ZALE CORP. COMMON STOCK 988858106 536,962.50 11,100 X 1 X
ZEBRA TECHNOLOGIES COMMON STOCK 989207105 485,550.01 8,300 X 1 X
ZIONS UTAH BANCORP COMMON STOCK 989701107 1,740,112.50 29,400 X 1 X
ADT OPERATIONS INC CONV DEBT 000945AC9 12,190,875.00 4,350,000 X 1 X
ADAPTEC INC, CONVERTIBLE DEBT 00651FAC2 7,357,218.75 7,575,000 X 1 X
AFFILIATED COMPUTER INC., CONV DEBT 008190AC4 8,503,125.00 7,500,000 X 1 X
ALPHARMA DEBT 020813AC5 8,934,375.00 7,500,000 X 1 X
ALZA CORP CONV DEBT 022615AD0 21,600,000.00 18,000,000 X 1 X
AMAZON.COM DEBT 023135AD8 13,134,375.00 11,250,000 X 1 X
AMERICA ONLINE DEBT 02364JAB0 22,942,800.00 2,880,000 X 1 X
AMERICAN GEN DEL CONV DEBT 02637G200 8,880,000.00 11,100,000 X 1 X
AMERICAN TOWER CORP. DEBT 029912AA0 18,000,000.00 18,000,000 X 1 X
AMKOR TECHNOLOGIES INC., CONV DEBT 031652AA8 10,101,000.00 7,800,000 X 1 X
AT HOME CORP CONV DEBT 045919AA5 4,790,625.00 7,500,000 X 1 X
AT HOME CORP. DEBT 045919AC1 1,916,250.00 3,000,000 X 1 X
ATHENA NEUROSCIENCES INC., DEBT 046854AA3 7,593,750.00 6,750,000 X 1 X
AMTEL CORP CONV DEBT 049513AB0 13,577,250.00 25,800,000 X 1 X
AVIRON, CONVERTIBLE DEBT 053762AA8 5,475,000.00 6,000,000 X 1 X
BAKER HUGHES INTL CONV DEBT 057224AH0 4,357,500.00 6,000,000 X 1 X
BELL ATLANTIC FINL SVCS CONV DEBT 07785GAB6 5,263,125.00 5,250,000 X 1 X
BERKSHIRE HATHAWAY INC DEL CONV DEBT 084670AF5 15,414,750.00 7,800,000 X 1 X
CUC INTL INC CONV DEBT 126545AB8 5,512,500.00 6,000,000 X 1 X
CENTOCOR INC. DEBT 152342AE1 9,825,000.00 7,500,000 X 1 X
CITRIX SYSTEMS DEBT 177376AA8 4,680,000.00 9,750,000 X 1 X
CLEAR CHANNEL COMM., INC., CONV DEBT 184502AB8 9,441,562.50 6,750,000 X 1 X
COMVERSE TECHNOLOGY INC DEBT 205862AG0 19,672,875.00 8,700,000 X 1 X
COSTCO DEBT 22160QAC6 6,468,750.00 7,500,000 X 1 X
CYMER INC., CONVERTIBLE DEBT 232572AA5 4,365,000.00 4,500,000 X 1 X
Cymer DEBT 232572AC1 5,820,000.00 6,000,000 X 1 X
DSC COMMUNICATIONS CORP DEBT 233311AB5 7,537,500.00 7,500,000 X 1 X
DSC COMMUNICATIONS CORP DEBT 233311AC3 6,030,000.00 6,000,000 X 1 X
DEVON ENERGY CORP. DEBT 25179MAB9 10,531,620.00 10,692,000 X 1 X
DIAMOND OFFSHORE CONV DEBT 25271CAA0 26,271,187.50 25,050,000 X 1 X
DOUBLECLICK DEBT 258609AA4 5,864,062.50 3,750,000 X 1 X
E M C CORP MASS CONV. DEBT 26865YAA2 40,297,968.75 6,375,000 X 1 X
ELAN INTL FIN CONV DEBT 284129AA1 13,440,000.00 24,000,000 X 1 X
EXODUS COMM. DEBT 302088AC3 4,771,875.00 1,500,000 X 1 X
EXODUS COMMUNICATION DEBT 302088AE9 3,244,875.00 1,020,000 X 1 X
FRANCE TELECOM DEBT 35177QAB1 3,008,212.50 2,910,000 X 1 X
GENZYME CORP., CONVERTIBLE DEBT 372917AE4 6,390,000.00 4,800,000 X 1 X
HNC SOFTWARE INC., CONVERTIBLE DEBT 40425PAA5 4,983,750.00 4,500,000 X 1 X
HEWLETT PACKARD CO., CONV DEBT 428236AA1 14,490,000.00 24,000,000 X 1 X
HEWLETT PACKARD CO CONV DEBT 428236AC7 3,169,687.50 5,250,000 X 1 X
HOME DEPOT INC CONV DEBT 437076AE2 37,054,312.50 12,450,000 X 1 X
HUTCHINSON TECH. INC., CONV DEBT 448407AA4 6,727,500.00 6,000,000 X 1 X
IDEC PHARMACEUTICALS DEBT 449370AA3 2,607,187.50 4,050,000 X 1 X
INTEGRATED PROCESS EQUIP. DEBT 45812KAB4 5,343,750.00 7,500,000 X 1 X
INTERIM SVCS INC CONV DEBT 45868PAA8 4,747,500.00 6,000,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AG5 14,490,000.00 15,750,000 X 1 X
LSI LOGIC DEBT 502161AB8 10,695,000.00 6,000,000 X 1 X
LAM RESH CORP CONV DEBT 512807AB4 5,925,000.00 6,000,000 X 1 X
LEVEL 3 COMMUNICATIONS DEBT 52729NAG5 11,880,000.00 12,000,000 X 1 X
MAGNA INTL INC., CONVERTIBLE DEBT 559222AF1 12,968,925.00 14,370,000 X 1 X
MAGNA INTL INC DEBT 559222AG9 4,602,750.00 5,100,000 X 1 X
MASCOTECH INC CONV DEBT 574670AB1 6,009,375.00 7,500,000 X 1 X
MAY & SPEH., CONVERTIBLE DEBT 577777AA3 5,135,625.00 4,500,000 X 1 X
MUTUAL RISK MGMT LTD CONV DEBT 628351AA6 4,449,375.00 10,500,000 X 1 X
NETWORK ASSOCIATES INC. DEBT 640938AA4 4,539,375.00 13,500,000 X 1 X
NEXTEL DEBT 65332VAR4 14,062,500.00 9,000,000 X 1 X
OFFICE DEPOT INC DEBT 676220AA4 7,048,500.00 11,100,000 X 1 X
OFFSHORE LOGISTICS INC CONV DEBT 676255AD4 2,493,750.00 3,000,000 X 1 X
OFFSHORE LOGISTICS INC DEBT 676255AF9 3,740,625.00 4,500,000 X 1 X
PHOTRONICS INC CONV DEBT 719405AA0 1,838,250.00 1,800,000 X 1 X
QUANTUM CORPORATION, CONV DEBT 747906AC9 6,037,500.00 7,500,000 X 1 X
RITE AID CORP, CONVERTIBLE DEBT 767754AK0 4,298,437.50 5,250,000 X 1 X
ROBBINS & MYERS INC CONV DEBT 770196AA1 3,615,937.50 4,350,000 X 1 X
ROCHE HLDGS INC., CONVERTIBLE DEBT 771196AC6 28,411,312.50 47,700,000 X 1 X
ST PAUL CAPITAL CONV. DEBT 792856205 8,367,187.50 15,300,000 X 1 X
SANMINA DEBT 800907AA5 10,035,000.00 9,000,000 X 1 X
SEACOR HLDGS INC CONV. DEBT 811904AC5 5,767,500.00 6,000,000 X 1 X
SEACOR HLDGS INC., CONVERTIBLE DEBT 811904AE1 3,172,125.00 3,300,000 X 1 X
SEPRACOR INC., CONVERTIBLE DEBT 817315AC8 10,020,000.00 6,000,000 X 1 X
SOLECTRON CORP. DEBT 834182AG2 16,503,750.00 27,000,000 X 1 X
THERMO ELECTRON CORP CONV DEBT 883556AF9 5,220,000.00 6,000,000 X 1 X
THERMO INSTR SYS INC CONV DEBT 883559AC0 7,785,000.00 9,000,000 X 1 X
THERMO INSTR SYS INC., CONV DEBT 883559AE6 7,714,687.50 9,750,000 X 1 X
THERMO OPTEK CORP CONV DEBT 883582AA6 2,932,500.00 3,000,000 X 1 X
THERMOQUEST CORP CONV DEBT 883655AA0 5,797,500.00 6,000,000 X 1 X
U S CELLULAR CORP CONV DEBT 911684AA6 2,863,125.00 4,500,000 X 1 X
VALHI INC NEW CONV DEBT 918905AC4 5,028,375.00 7,950,000 X 1 X
VERITAS SOFTWARE CORP., CONV DEBT 923436AA7 10,773,750.00 3,000,000 X 1 X
VERITAS SOFTWARE DEBT 92343RAA1 9,438,750.00 9,000,000 X 1 X
WMX TECHNOLOGIES CONVERTIBLE DEBT 92929QAF4 3,188,250.00 3,900,000 X 1 X
USA WASTE SVCS INC CONV DEBT 94106LAA7 6,007,500.00 6,750,000 X 1 X
WHOLE FOODS MKT DEBT 966837AC0 6,682,500.00 20,250,000 X 1 X
XEROX CREDIT CORP., CONV DEBT 984121AY9 5,814,375.00 10,500,000 X 1 X
XEROX DEBT 984121BB8 3,073,312.50 5,550,000 X 1 X
TECNOST INTL DEBT EC1437234 4,400,138.55 4,294,494 X 1 X
</TABLE>
<TABLE>
<CAPTION>
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ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY
--------------------- (SHARES)
TITLE FAIR SHARES OR (A) (B) (C) MANA- ----------------
NAME OF ISSUER OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED GERS (A) (B) (C)
CLASS NUMBER VALUE AMOUNT OTHER SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK STEEL HOLDING COMMON STOCK 001547108 188,750.00 10,000 X 1 X
ALLTEL COMMON STOCK 020039103 355,556.25 4,300 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 1,108,931.25 14,700 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 748,125.00 4,500 X 1 X
AMERICAN INTL COMMON STOCK 026874107 1,135,312.50 10,500 X 1 X
AMGEN COMMON STOCK 031162100 516,537.50 8,600 X 1 X
APPLIED MATERIALS COMMON STOCK 038222105 215,368.75 1,700 X 1 X
AT & T COMMON STOCK 001957109 1,036,924.23 20,432 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 310,208.94 6,181 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 400,000.00 10,000 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 627,937.50 10,200 X 1 X
BELLSOUTH COMMON STOCK 079860102 248,106.25 5,300 X 1 X
BJ SERVICES COMMON STOCK 055482103 505,931.25 12,100 X 1 X
BOEING COMMON STOCK 097023105 286,781.25 6,900 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 821,600.00 12,800 X 1 X
BROADWING INC COMMON STOCK 111620100 936,625.00 25,400 X 1 X
BURLINGTON RESOURCES COMMON STOCK 122014103 532,306.25 16,100 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 466,743.75 7,300 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 512,737.50 6,600 X 1 X
CHEVRON COMMON STOCK 166751107 311,850.00 3,600 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 2,571,000.00 24,000 X 1 X
CITIGROUP INC COMMON STOCK 172967101 1,466,850.01 26,400 X 1 X
CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 285,600.00 3,200 X 1 X
COCA-COLA COMMON STOCK 191216100 873,750.00 15,000 X 1 X
COLGATE-PALMOLIVE COMMON STOCK 194162103 221,000.00 3,400 X 1 X
COMCAST CLASS A SPECIAL COMMON STOCK 200300200 222,475.00 4,400 X 1 X
COMPUTER ASSOCIATES INTL COMMON STOCK 204912109 209,812.50 3,000 X 1 X
COSTO WHOLESALE CORP COMMON STOCK 22160K105 228,125.00 2,500 X 1 X
DELL COMPUTER COMMON STOCK 247025109 836,400.00 16,400 X 1 X
E M C COMMON STOCK 268648102 884,925.00 8,100 X 1 X
EXXON COMMON STOCK 30231G102 1,571,291.00 19,504 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 305,943.75 4,900 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 354,900.00 16,800 X 1 X
FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 389,900.00 11,200 X 1 X
FORD MOTOR COMMON STOCK 345370100 496,968.75 9,300 X 1 X
FOREST LABS COMMON STOCK 345838106 202,743.75 3,300 X 1 X
FREDDIE MAC COMMON STOCK 313400301 329,437.50 7,000 X 1 X
G T E COMMON STOCK 362320103 515,106.25 7,300 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 3,048,575.00 19,700 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 232,600.00 3,200 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 169,575.00 10,200 X 1 X
GRAINGER COMMON STOCK 384802104 683,718.75 14,300 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 581,081.25 5,100 X 1 X
HOME DEPOT COMMON STOCK 437076102 987,300.03 14,400 X 1 X
HONEYWELL INTERNATIONAL INC COMMON STOCK 438516106 452,125.78 7,838 X 1 X
INTEL COMMON STOCK 458140100 1,687,406.25 20,500 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 1,058,400.00 9,800 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 698,437.50 7,500 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 548,100.00 8,400 X 1 X
LEHMAN BROS HOLDING COMMON STOCK 524908100 203,250.00 2,400 X 1 X
LEXMARK INT'L GROUP A COMMON STOCK 529771107 307,700.00 3,400 X 1 X
LILLY (ELI) COMMON STOCK 532457108 578,550.00 8,700 X 1 X
LINCOLN NATIONAL COMMON STOCK 534187109 236,000.00 5,900 X 1 X
LOWE'S COMMON STOCK 548661107 400,325.00 6,700 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 1,403,482.50 18,760 X 1 X
MCI WORLDCOM INC COMMON STOCK 55268B106 865,582.05 16,313 X 1 X
MEDTRONICS COMMON STOCK 585055106 244,131.25 6,700 X 1 X
MERCK COMMON STOCK 589331107 885,225.00 13,200 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 400,800.00 4,800 X 1 X
MICRON TECH COMMON STOCK 595112103 248,800.00 3,200 X 1 X
MICROSOFT COMMON STOCK 594918104 3,817,725.00 32,700 X 1 X
MORGAN STANLEY DEAN WITTER & CO COMMON STOCK 617446448 599,550.00 4,200 X 1 X
MOTOROLA COMMON STOCK 620076109 809,875.00 5,500 X 1 X
NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 309,375.00 3,000 X 1 X
NOBLE DRILLING COMMON STOCK 655042109 720,500.00 22,000 X 1 X
NORTEL NETWORKS CORP COMMON FOREIGN 656569100 959,500.00 9,500 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 1,266,306.25 11,300 X 1 X
P N C FINANCIAL COMMON STOCK 693475105 200,250.00 4,500 X 1 X
PEPSICO COMMON STOCK 713448108 398,325.00 11,300 X 1 X
PFIZER COMMON STOCK 717081103 577,387.50 17,800 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 1,018,931.25 9,300 X 1 X
QUALCOM COMMON STOCK 747525103 915,850.00 5,200 X 1 X
RALSTON-RALSTON PURINA COMMON STOCK 751277302 220,212.50 7,900 X 1 X
READERS DIGEST COMMON STOCK 755267101 415,350.00 14,200 X 1 X
ROYAL DUTCH PETROLEUM COMMON FOREIGN 780257804 610,418.75 10,100 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 961,447.51 19,722 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 307,968.75 7,300 X 1 X
SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 253,275.00 6,600 X 1 X
SOLECTRON CORP COMMON STOCK 834182107 247,325.00 2,600 X 1 X
SPRINT COMMON STOCK 852061100 383,681.25 5,700 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 348,500.00 3,400 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 833,847.00 10,768 X 1 X
TEXACO COMMON STOCK 881694103 244,406.25 4,500 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 484,375.00 5,000 X 1 X
TIDEWATER COMMON STOCK 886423102 493,200.00 13,700 X 1 X
TIME WARNER COMMON STOCK 887315109 470,843.75 6,500 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 458,725.00 11,800 X 1 X
UNITED TECH COMMON STOCK 913017109 474,500.00 7,300 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 322,031.25 2,250 X 1 X
WALGREEN COMMON STOCK 931422109 248,625.00 8,500 X 1 X
WAL-MART STORES COMMON STOCK 931142103 1,831,812.50 26,500 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 335,943.75 4,100 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 307,325.00 7,600 X 1 X
WESTWOOD ONE COMMON STOCK 961815107 220,400.00 2,900 X 1 X
WEYERHAEUSER COMMON STOCK 962166104 222,618.75 3,100 X 1 X
</TABLE>
