ALLSTATE INSURANCE CO
13F-HR, 2000-08-14
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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 JUNE 30, 2000

--------------------------------------------------------------------------------
                (PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
--------------------------------------------------------------------------------

IF AMENDED REPORT CHECK HERE: |_|


ALLSTATE INSURANCE COMPANY
--------------------------------------------------------------------------------
NAME OF INSTITUTIONAL INVESTMENT MANAGER

3075  SANDERS ROAD SUITE G4A            NORTHBROOK        ILLINOIS    60062-7127
--------------------------------------------------------------------------------
BUSINESS ADDRESS         (STREET)       (CITY)            (STATE)     (ZIP)

DOUG WELCH (847)402-7581 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 6 DAY OF AUGUST, 1999.


                                      ALLSTATE INSURANCE COMPANY
                                      ------------------------------------------
                                      (NAME OF INSTITUTIONAL INVESTMENT MANAGER)


                                      /S/ DOUG 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
-------------------------------------------------------------- ---------------

The following companies have elected to file a separate 13F report:

   ALLSTATE LIFE INSURANCE COMPANY                             28-35

   ALLSTATE PENSION PLAN                                       28-35

   ALLSTATE RETIREMENT PLAN                                    28-35

<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     3,906,975       67,800              X              1     X
A D C TELECOM                 COMMON STOCK   000886101     6,332,563       75,500              X              1     X
A M R                         COMMON STOCK   001765106       766,688       29,000              X              1     X
ABBOTT LABS                   COMMON STOCK   002824100    14,478,356      324,900              X              1     X
ADAPTEC INC.                  COMMON STOCK   00651F108       461,825       20,300              X              1     X
ADELPHIA COMMUNICATIONS CO    NON-REDEEM P/S 006848402     2,860,000       20,000              X              1     X
ADOBE SYSTEMS INC             COMMON STOCK   00724F101     3,029,000       23,300              X              1     X
ADVANCED MICRO DEVICES        COMMON STOCK   007903107     4,202,400       54,400              X              1     X
AES CORP                      COMMON STOCK   00130H105     5,187,563      113,700              X              1     X
AETNA INC                     COMMON STOCK   008117103     1,777,994       27,700              X              1     X
AFLAC CORP                    COMMON STOCK   001055102     2,384,156       51,900              X              1     X
AIR PRODUCTS & CHEMICALS      COMMON STOCK   009158106     1,380,400       44,800              X              1     X
ALBERTO CULVER                COMMON STOCK   013068101       333,131       10,900              X              1     X
ALBERTSON'S                   COMMON STOCK   013104104     2,749,210       82,683              X              1     X
ALCAN ALUMINUM                COMMON STOCK   013716105     1,608,900       51,900              X              1     X
                               FOREIGN
ALLAMERICA FINC. CORP         COMMON STOCK   019754100     2,943,475       56,200              X              1     X
ALLEGHENY ENERGY              COMMON STOCK   017361106       618,675       22,600              X              1     X
ALLEGHENY TECHNOLOGIES        COMMON STOCK   01741R102       308,700       17,150              X              1     X
ALLERGAN                      COMMON STOCK   018490102     1,899,750       25,500              X              1     X
ALLIED WASTE INDUSTRIES IN    COMMON STOCK   019589308       369,000       36,900              X              1     X
ALLTEL                        COMMON STOCK   020039103     5,227,525       84,400              X              1     X
ALPHARMA INC                  COMMON STOCK   020813101     1,058,250       17,000              X              1     X
ALTERA                        COMMON STOCK   021441100     3,863,431       37,900              X              1     X
ALUMINUM CO OF AMERICA        COMMON STOCK   013817101     5,837,120      201,280              X              1     X
ALZA  CL A                    COMMON STOCK   022615108     1,176,588       19,900              X              1     X
AMB PROPERTY CORP             COMMON STOCK   00163T109    14,371,875      630,000              X              1     X
AMERADA HESS                  COMMON STOCK   023551104     1,092,975       17,700              X              1     X
AMEREN CORPORATION            COMMON STOCK   023608102       904,500       26,800              X              1     X
AMERICA ON-LINE               COMMON STOCK   02364J104    29,903,975      566,900              X              1     X
AMERICAN ELEC PWR             COMMON STOCK   025537101     1,531,613       51,700              X              1     X
AMERICAN EXPRESS              COMMON STOCK   025816109    17,128,275      328,600              X              1     X
AMERICAN FINANCIAL            COMMON STOCK   025932104     3,032,088      122,200              X              1     X
AMERICAN GENERAL              COMMON STOCK   026351106     6,862,500      112,500              X              1     X
AMERICAN GREETINGS            COMMON STOCK   026375105       239,400       12,600              X              1     X
AMERICAN HOME PRODUCTS        COMMON STOCK   026609107    18,711,875      318,500              X              1     X
AMERICAN INTL                 COMMON STOCK   026874107    42,285,313      359,875              X              1     X
AMERICAN MANAGEMENT SYSTEM    COMMON STOCK   027352103       252,776        7,700              X              1     X
AMERICAN POWER CONVERSION     COMMON STOCK   029066107     1,554,956       38,100              X              1     X
AMERICAN STANDARD COMPANIE    COMMON STOCK   029712106     6,121,300      149,300              X              1     X
AMERICREDIT CORP              COMMON STOCK   03060R101       192,100       11,300              X              1     X
AMGEN                         COMMON STOCK   031162100    18,061,275      257,100              X              1     X
AMLI RESIDENTIAL PROPERTIE    NON-REDEEM P/S 001735109    11,781,250      500,000              X              1     X
AMSOUTH                       COMMON STOCK   032165102     1,204,088       76,450              X              1     X
ANADARKO PETROLEUM            COMMON STOCK   032511107     1,227,881       24,900              X              1     X
</TABLE>

<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>
ANALOG DEVICES                COMMON STOCK   032654105     6,984,400         91,900            X              1     X
ANDREW                        COMMON STOCK   034425108       530,288         15,800            X              1     X
ANITEC IMAGE TECH             COMMON STOCK   03664P105       831,250         20,000            X              1     X
AON                           COMMON STOCK   037389103     1,551,572         49,950            X              1     X
APACHE                        COMMON STOCK   037411105     2,428,956         41,300            X              1     X
APACHE CORP                   NON-REDEEM P/S 037411600     1,164,375         22,500            X              1     X
APARTMENT INVT & MGMT CO C    COMMON STOCK   03748R101    12,975,000        300,000            X              1     X
APPLE COMPUTER                COMMON STOCK   037833100     4,855,163         92,700            X              1     X
APPLIED MATERIALS             COMMON STOCK   038222105    16,720,313        184,500            X              1     X
APPLIED MICRO CIRCUITS COR    COMMON STOCK   03822W109     2,360,125         23,900            X              1     X
APPLIED POWER INC - CL A      COMMON STOCK   038225108       226,963          6,775            X              1     X
ARCHER-DANIELS-MIDLAND        COMMON STOCK   039483102     2,443,263        248,995            X              1     X
ARCHSTONE COMMUNITIES TRUS    COMMON STOCK   039581103    62,586,418      2,971,462            X              1     X
ARDEN REALTY INC              COMMON STOCK   039793104     5,875,000        250,000            X              1     X
ASHLAND INC.                  COMMON STOCK   044204105       487,369         13,900            X              1     X
ASPECT COMMUNICATIONS         COMMON STOCK   04523Q102       279,119          7,100            X              1     X
ASSOCIATES FIRST CAPITAL C    COMMON STOCK   046008108     6,085,779        272,752            X              1     X
AT & T                        COMMON STOCK   001957109    27,202,908        860,171            X              1     X
ATMEL CORP                    COMMON STOCK   049513104     3,318,750         90,000            X              1     X
AUTODESK                      COMMON STOCK   052769106       402,375         11,600            X              1     X
AUTOMATIC DATA PROCESSING     COMMON STOCK   053015103     6,556,050        122,400            X              1     X
AUTOZONE INC                  COMMON STOCK   053332102       583,000         26,500            X              1     X
AVALON BAY COMMUNITIES, CO    COMMON STOCK   053484101    39,769,714        952,568            X              1     X
AVERY DENNISON                COMMON STOCK   053611109     1,476,750         22,000            X              1     X
AVNET                         COMMON STOCK   053807103     1,499,025         25,300            X              1     X
AVON PRODUCTS                 COMMON STOCK   054303102     2,082,600         46,800            X              1     X
BAKER HUGHES                  COMMON STOCK   057224107     2,214,400         69,200            X              1     X
BANK OF AMERICA CORP          COMMON STOCK   060505104    16,869,287        392,309            X              1     X
BANK OF NEW YORK              COMMON STOCK   064057102     9,295,350        199,900            X              1     X
BANK ONE CORPORATION          COMMON STOCK   06423A103     5,947,344        223,900            X              1     X
BARD                          COMMON STOCK   067383109       476,438          9,900            X              1     X
BARNES & NOBLE                COMMON STOCK   067774109     4,935,050        221,800            X              1     X
BARR LABS INC                 COMMON STOCK   068306109       282,319          6,300            X              1     X
BARRICK GOLD                  COMMON STOCK   067901108     1,687,800         92,800            X              1     X
                               FOREIGN
BAUSCH & LOMB                 COMMON STOCK   071707103       835,650         10,800            X              1     X
BAXTER INTL                   COMMON STOCK   071813109     5,559,733         79,072            X              1     X
BB&T CORPORATION              COMMON STOCK   054937107     1,621,113         67,900            X              1     X
BEA SYSTEMS INC               COMMON STOCK   073325102     1,522,675         30,800            X              1     X
BEAR STEARNS                  COMMON STOCK   073902108       906,759         21,784            X              1     X
BECTON DICKINSON              COMMON STOCK   075887109     1,411,425         49,200            X              1     X
BED BATH & BEYOND INC         COMMON STOCK   075896100       993,250         27,400            X              1     X
BELLSOUTH                     COMMON STOCK   079860102    17,855,613        418,900            X              1     X
BEMIS                         COMMON STOCK   081437105       346,338         10,300            X              1     X
BEST BUY                      COMMON STOCK   086516101     3,611,575         57,100            X              1     X
</TABLE>

<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>
BESTFOODS INC                 COMMON STOCK   08658U101     3,739,500       54,000              X               1    X
BETHLEHEM STEEL               COMMON STOCK   087509105        91,556       25,700              X               1    X
BF GOODRICH                   COMMON STOCK   382388106       722,125       21,200              X               1    X
BIOGEN                        COMMON STOCK   090597105     1,876,950       29,100              X               1    X
BIOMET                        COMMON STOCK   090613100       868,688       22,600              X               1    X
BISYS GROUP                   COMMON STOCK   055472104       301,350        4,900              X               1    X
BJ SERVICES                   COMMON STOCK   055482103     8,612,500      137,800              X               1    X
BLACK & DECKER                COMMON STOCK   091797100       656,519       16,700              X               1    X
BLOCK (H & R)                 COMMON STOCK   093671105       621,600       19,200              X               1    X
BMC SOFTWARE                  COMMON STOCK   055921100     1,740,306       47,700              X               1    X
BOEING                        COMMON STOCK   097023105     9,639,621      230,544              X               1    X
BOISE CASCADE                 COMMON STOCK   097383103       289,800       11,200              X               1    X
BOSTON PROPERTIES INC         COMMON STOCK   101121101     9,656,250      250,000              X               1    X
BOSTON SCIENTIFIC CORP        COMMON STOCK   101137107     1,759,388       80,200              X               1    X
BP AMOCO PLC                  COMMON STOCK   055622104     1,357,500       24,000              X               1    X
                               FOREIGN
BRADLEY REAL ESTATE SERIES    NON-REDEEM P/S 104580204     1,370,250       63,000              X               1    X
BRISTOL-MYERS-SQUIBB          COMMON STOCK   110122108    27,820,200      477,600              X               1    X
BRUNSWICK                     COMMON STOCK   117043109       289,844       17,500              X               1    X
BURLINGTON NORTHERN           COMMON STOCK   12189T104     1,974,919       86,100              X               1    X
BURLINGTON RESOURCES          COMMON STOCK   122014103     6,754,950      176,600              X               1    X
C I G N A                     COMMON STOCK   125509109     5,768,950       61,700              X               1    X
C M S ENERGY                  COMMON STOCK   125896100       484,538       21,900              X               1    X
C P & L ENERGY INC.           COMMON STOCK   12614C106       993,256       31,100              X               1    X
C S X                         COMMON STOCK   126408103       902,588       42,600              X               1    X
C T S                         COMMON STOCK   126501105       211,500        4,700              X               1    X
CABLETRON                     COMMON STOCK   126920107       898,900       35,600              X               1    X
CALLON PETRO CO CONVERTIBL    NON-REDEEM P/S 13123X201       798,750       22,500              X               1    X
CALPINE CORP                  COMMON STOCK   131347106     1,130,900       17,200              X               1    X
CAMPBELL SOUP                 COMMON STOCK   134429109     2,411,550       82,800              X               1    X
CAN NATL RAILWAY              REDEEMABLE P/S 136375409     1,365,000       30,000              X               1    X
CAPITAL ONE FINANCIAL         COMMON STOCK   14040H105     1,713,600       38,400              X               1    X
CARDINAL HEALTH               COMMON STOCK   14149Y108     5,994,000       81,000              X               1    X
CARNIVAL CRUISE LINES         COMMON STOCK   143658102     2,320,500      119,000              X               1    X
CASEYS GENERAL STORES         COMMON STOCK   147528103       106,863       10,300              X               1    X
CATERPILLAR                   COMMON STOCK   149123101     2,323,825       68,600              X               1    X
CBL AND ASSOCIATES            COMMON STOCK   124830100     3,815,438      153,000              X               1    X
CELESTICA                     COMMON STOCK   15101Q108       863,475       17,400              X               1    X
CENDANT COPORATION            COMMON STOCK   151313103     1,953,000      139,500              X               1    X
CENTERPOINT PROPERTIES COR    COMMON STOCK   151895109     4,075,000      100,000              X               1    X
CENTEX                        COMMON STOCK   152312104       270,250       11,500              X               1    X
CENTRAL NEWSPAPERS -CL A      COMMON STOCK   154647101     3,048,650       48,200              X               1    X
CENTURYTEL INC                COMMON STOCK   156700106       784,875       27,300              X               1    X
CEPHALON INC                  COMMON STOCK   156708109       311,350        5,200              X               1    X
CERIDIAN CORP                 COMMON STOCK   15677T106       678,563       28,200              X               1    X
</TABLE>

<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>
CHARTER ONE FINL              COMMON STOCK   160903100        933,800        40,600            X              1     X
CHASE MANHATTAN CORP NEW      COMMON STOCK   16161A108     14,744,514       320,098            X              1     X
CHATEAU COMMUNITIES           COMMON STOCK   161726104      6,200,367       219,482            X              1     X
CHEVRON                       COMMON STOCK   166751107     12,942,388       152,600            X              1     X
CHIQUITA BRANDS               COMMON STOCK   170032106         45,281        11,500            X              1     X
CHIRON                        COMMON STOCK   170040109      1,092,500        23,000            X              1     X
CHUBB                         COMMON STOCK   171232101      2,103,300        34,200            X              1     X
CINERGY                       COMMON STOCK   172474108        791,106        31,100            X              1     X
CIRCUIT CITY STORES           COMMON STOCK   172737108      1,317,544        39,700            X              1     X
CISCO SYSTEMS, INC.           COMMON STOCK   17275R102    100,867,332     1,586,900            X              1     X
CITIGROUP INC                 COMMON STOCK   172967101     46,689,051       774,922            X              1     X
CITRIX SYSTEMS INC            COMMON STOCK   177376100        674,175        35,600            X              1     X
CLEAR CHANNEL COMMUNICATIO    COMMON STOCK   184502102      5,827,500        77,700            X              1     X
CLOROX                        COMMON STOCK   189054109      2,061,375        46,000            X              1     X
CMS ENERGY                    COMMON STOCK   125896308        672,000        24,000            X              1     X
COASTAL                       COMMON STOCK   190441105      2,538,488        41,700            X              1     X
COCA-COLA                     COMMON STOCK   191216100     34,014,488       592,200            X              1     X
COCA-COLA ENTERPRISES         COMMON STOCK   191219104      1,345,781        82,500            X              1     X
COGNEX CORP                   COMMON STOCK   192422103        362,250         7,000            X              1     X
COHERENT                      COMMON STOCK   192479103        402,600         4,800            X              1     X
COLGATE-PALMOLIVE             COMMON STOCK   194162103      8,065,163       134,700            X              1     X
COLUMBIA ENERGY GROUP         COMMON STOCK   197648108      1,036,875        15,800            X              1     X
COLUMBIA HEALTHCARE           COMMON STOCK   404119109      3,429,338       112,900            X              1     X
COMCAST CLASS A SPECIAL       COMMON STOCK   200300200      7,784,100       192,200            X              1     X
COMDISCO                      COMMON STOCK   200336105      1,606,500        72,000            X              1     X
COMERICA                      COMMON STOCK   200340107      1,368,688        30,500            X              1     X
COMMERCE BANCORP INC          COMMON STOCK   200519106        208,380         4,530            X              1     X
COMMERCIAL FEDERAL CORP       COMMON STOCK   201647104        163,406        10,500            X              1     X
COMMSCOPE INC                 COMMON STOCK   203372107      2,341,100        57,100            X              1     X
COMPAQ COMPUTER               COMMON STOCK   204493100     10,559,869       413,100            X              1     X
COMPUTER ASSOCIATES INTL      COMMON STOCK   204912109      5,676,694       110,900            X              1     X
COMPUTER SCIENCES             COMMON STOCK   205363104      2,442,281        32,700            X              1     X
COMPUWARE                     COMMON STOCK   205638109        729,363        70,300            X              1     X
COMVERSE TECHNOLOGY           COMMON STOCK   205862402      4,259,400        45,800            X              1     X
CONAGRA                       COMMON STOCK   205887102      1,831,906        96,100            X              1     X
CONEXANT SYSTEMS INC          COMMON STOCK   207142100      2,051,975        42,200            X              1     X
CONOCO INC.                   COMMON STOCK   208251405      3,933,635       160,148            X              1     X
CONSECO                       COMMON STOCK   208464107        620,100        63,600            X              1     X
CONSOLIDATED EDISON           COMMON STOCK   209115104      1,247,213        42,100            X              1     X
CONSOLIDATED STORES           COMMON STOCK   210149100        259,200        21,600            X              1     X
CONSTELLATION ENERGY GROUP    COMMON STOCK   210371100      1,888,625        58,000            X              1     X
CONVERGYS CORP                COMMON STOCK   212485106      1,530,313        29,500            X              1     X
COOPER INDUSTRIES             COMMON STOCK   216669101        595,894        18,300            X              1     X
COOPER TIRE & RUBBER          COMMON STOCK   216831107        162,425        14,600            X              1     X
</TABLE>

<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>
COR THERAPEUTICS INC          COMMON STOCK   217753102       349,781        4,100              X               1    X
CORN PRODUCTS INTL INC        COMMON STOCK   219023108       659,850       24,900              X               1    X
CORNING                       COMMON STOCK   219350105    20,240,625       75,000              X               1    X
COSTO WHOLESALE CORP          COMMON STOCK   22160K105     2,871,000       87,000              X               1    X
COUNTRYWIDE CREDIT INDUSTR    COMMON STOCK   222372104       669,906       22,100              X               1    X
CRANE                         COMMON STOCK   224399105       299,044       12,300              X               1    X
CREDENCE SYS CORP             COMMON STOCK   225302108     1,103,750       20,000              X               1    X
CROWN CORK & SEAL             COMMON STOCK   228255105       376,500       25,100              X               1    X
CSG SYSTEMS INTERNATION       COMMON STOCK   126349109     2,511,600       44,800              X               1    X
CULLEN FROST BANKERS          COMMON STOCK   229899109       249,969        9,500              X               1    X
CUMMINS ENGINE                COMMON STOCK   231021106       220,725        8,100              X               1    X
CVS CORP                      COMMON STOCK   126650100     3,052,000       76,300              X               1    X
CYPRESS SEMICONDUCTOR         COMMON STOCK   232806109     2,475,850       58,600              X               1    X
DALLAS SEMICONDUCTOR          COMMON STOCK   235204104       415,650       10,200              X               1    X
DANA                          COMMON STOCK   235811106       652,575       30,800              X               1    X
DANAHER                       COMMON STOCK   235851102     1,369,419       27,700              X               1    X
DARDEN RESTAURANTS            COMMON STOCK   237194105       398,125       24,500              X               1    X
DEERE                         COMMON STOCK   244199105     3,285,600       88,800              X               1    X
DELL COMPUTER                 COMMON STOCK   22160K105    29,045,063      589,000              X               1    X
DELPHI AUTOMOTIVE SYSTEMS     COMMON STOCK   247126105     1,602,516      110,044              X               1    X
DELTA AIR LINES               COMMON STOCK   247361108     1,238,781       24,500              X               1    X
DELUXE CORP                   COMMON STOCK   248019101       336,944       14,300              X               1    X
DETROIT EDISON                COMMON STOCK   233331107       858,806       28,100              X               1    X
DEVELOPERS DIVER REALTY CO    COMMON STOCK   251591103     2,987,500      200,000              X               1    X
DIEBOLD                       COMMON STOCK   253651103     1,948,463       69,900              X               1    X
DIGITAL MICROWAVE CORP        COMMON STOCK   253859102       427,000       11,200              X               1    X
DILLARDS INC                  COMMON STOCK   254067101       236,425       19,300              X               1    X
DISNEY (WALT)                 COMMON STOCK   254687106    19,604,194      505,100              X               1    X
DOLLAR GENERAL                COMMON STOCK   256669102     1,253,119       64,263              X               1    X
DOMINION RESOURCES            COMMON STOCK   25746U109     1,989,400       46,400              X               1    X
DONNELLEY & SONS              COMMON STOCK   257867101       546,013       24,200              X               1    X
DOVER                         COMMON STOCK   260003108     1,606,275       39,600              X               1    X
DOW CHEMICAL                  COMMON STOCK   260543103     4,778,681      158,300              X               1    X
DOW JONES                     COMMON STOCK   260561105     1,274,550       17,400              X               1    X
DU PONT DE NEMOURS            COMMON STOCK   263534109    10,332,219      236,165              X               1    X
DUKE ENERGY CORP              COMMON STOCK   264399106     4,036,450       71,600              X               1    X
DUKE-WEEKS REALTY CORP.       COMMON STOCK   264411505     8,950,000      400,000              X               1    X
DUN & BRADSTREET CORP         COMMON STOCK   26483B106       901,688       31,500              X               1    X
E M C                         COMMON STOCK   268648102    38,022,513      494,200              X               1    X
EASTERN ENT                   COMMON STOCK   27637F100       327,600        5,200              X               1    X
EASTMAN CHEMICAL              COMMON STOCK   277432100       721,025       15,100              X               1    X
EASTMAN KODAK                 COMMON STOCK   277461109     3,623,550       60,900              X               1    X
EATON                         COMMON STOCK   278058102     1,775,500       26,500              X               1    X
EATON VANCE CORP              COMMON STOCK   278265103       254,375        5,500              X               1    X
</TABLE>

<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>
ECOLAB                        COMMON STOCK   278865100       988,281         25,300            X               1     X
EDISON INTL                   COMMON STOCK   281020107     1,357,100         66,200            X               1     X
EDWARDS (AG)                  COMMON STOCK   281760108     3,833,700         98,300            X               1     X
EG & G                        COMMON STOCK   714046109       621,575          9,400            X               1     X
EL PASO ENERGY CAPITAL TRU    NON-REDEEM P/S 283678209     2,349,688         36,500            X               1     X
EL PASO ENERGY CORP DELAWA    COMMON STOCK   283905107     5,720,689        112,308            X               1     X
ELECTRONIC DATA SYSTEMS       COMMON STOCK   285661104     4,599,375        111,500            X               1     X
EMERSON ELEC                  COMMON STOCK   291011104     6,828,412        113,100            X               1     X
ENGELHARD                     COMMON STOCK   292845104       423,150         24,800            X               1     X
ENRON                         COMMON STOCK   293561106    14,693,100        227,800            X               1     X
ENTERGY                       COMMON STOCK   29364G103     1,261,500         46,400            X               1     X
ENZO BIOCHEM                  COMMON STOCK   294100102       283,590          4,110            X               1     X
EQUIFAX                       COMMON STOCK   294429105       724,500         27,600            X               1     X
EQUITY OFFICE PROPERTIES T    COMMON STOCK   294741103    85,804,212      3,113,078            X               1     X
EQUITY RESIDENTIAL PROP TR    COMMON STOCK   29476L107     8,873,400        192,900            X               1     X
ESSEX PROPERTY                COMMON STOCK   297178105       730,800         17,400            X               1     X
ETHAN ALLEN INTERIORS         COMMON STOCK   297602104     1,168,800         48,700            X               1     X
EXCEL LEGACY CORPORATION S    NON-REDEEM P/S 300665106     5,375,000      2,000,000            X               1     X
EXODUS COMMUNICATIONS INC     COMMON STOCK   302088109     4,053,500         88,000            X               1     X
EXPEDITORS INTL WASHINGTON    COMMON STOCK   302130109       408,500          8,600            X               1     X
EXXON                         COMMON STOCK   30231G102    63,746,239        812,054            X               1     X
F M C                         COMMON STOCK   302491303       348,000          6,000            X               1     X
F P L GROUP                   COMMON STOCK   302571104     1,722,600         34,800            X               1     X
FAMILY DOLLAR STORES          COMMON STOCK   307000109    10,827,844        553,500            X               1     X
FEDERAL NAT'L MORT. ASSOC     COMMON STOCK   313586109    12,159,688        233,000            X               1     X
FEDERATED DEPARTMENT STORE    COMMON STOCK   31410H101     2,622,375         77,700            X               1     X
FEDEX CORP                    COMMON STOCK   31428X106     2,150,800         56,600            X               1     X
FIDELITY NAT FINL CORP        COMMON STOCK   316326107       194,113         10,600            X               1     X
FIFTH THIRD BANCORP           COMMON STOCK   316773100     3,813,975         60,300            X               1     X
FIRST AMERICAN CORP           COMMON STOCK   318522307       149,566         10,450            X               1     X
FIRST DATA                    COMMON STOCK   319963104     6,530,650        131,600            X               1     X
FIRST INDUSTRIAL REALTY TR    COMMON STOCK   32054K103     2,950,000        100,000            X               1     X
FIRST UNION                   COMMON STOCK   337358105     4,764,000        192,000            X               1     X
FIRST WASHINGTON REALTY TR    COMMON STOCK   337489504       882,500         40,000            X               1     X
FIRSTAR CORPORATION           COMMON STOCK   33763V109     4,722,213        224,200            X               1     X
FIRSTENERGY CORP              COMMON STOCK   337932107     1,058,888         45,300            X               1     X
FISERV INC.                   COMMON STOCK   337738108     1,909,488         44,150            X               1     X
FLEET BOSTON FINANCIAL COR    COMMON STOCK   339030108     6,714,456        197,484            X               1     X
FLORIDA PROGRESS              COMMON STOCK   341109106       900,000         19,200            X               1     X
FLUOR                         COMMON STOCK   343861100       471,213         14,900            X               1     X
FORD MOTOR                    COMMON STOCK   345370100    12,052,900        280,300            X               1     X
FOREST LABS                   COMMON STOCK   345838106     7,322,500         72,500            X               1     X
FRANKLIN RESOURCES            COMMON STOCK   354613101     1,454,963         47,900            X               1     X
FREDDIE MAC                   COMMON STOCK   313400301     6,658,200        164,400            X               1     X
</TABLE>

<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>
FREEPORT MCMORAN B            COMMON STOCK   35671D857        554,075        59,900             X              1     X
FREMONT GENERAL CORP          COMMON STOCK   357288109         48,431        12,300             X              1     X
G T E                         COMMON STOCK   362320103      2,471,325        39,700             X              1     X
GABLES RESIDENTIAL TRUST      COMMON STOCK   362418105      4,562,900       177,200             X              1     X
GALLAGHER (ARTHUR J & CO)     COMMON STOCK   363576109        289,800         6,900             X              1     X
GANNETT                       COMMON STOCK   364730101      3,170,063        53,000             X              1     X
GAP STORES                    COMMON STOCK   364760108      5,189,063       166,050             X              1     X
GATEWAY INC                   COMMON STOCK   367626108      4,704,575        82,900             X              1     X
GENERAL DYNAMICS              COMMON STOCK   369550108      2,048,200        39,200             X              1     X
GENERAL ELECTRIC              COMMON STOCK   369604103    120,712,800     2,277,600             X              1     X
GENERAL GROWTH PROPERTIES     COMMON STOCK   370021107      8,953,500       282,000             X              1     X
GENERAL MILLS                 COMMON STOCK   370334104      2,207,025        57,700             X              1     X
GENERAL MOTORS                COMMON STOCK   370442105      7,420,387       127,800             X              1     X
GENTEX CORP                   COMMON STOCK   371901109        316,575        12,600             X              1     X
GENUINE PARTS                 COMMON STOCK   372460105        692,000        34,600             X              1     X
GEORGIA-PACIFIC               COMMON STOCK   373298108      1,302,000        49,600             X              1     X
GILLETTE                      COMMON STOCK   375766102      8,353,556       239,100             X              1     X
GLOBAL CROSSING LTD           COMMON STOCK   G3921A100      4,245,653       161,355             X              1     X
GLOBAL CROSSING PRD_144A      NON-REDEEM P/S 37932J202      1,985,813        25,500             X              1     X
GLOBAL MARINE                 COMMON STOCK   379352404      9,293,419       329,700             X              1     X
GOLDEN WEST FINL              COMMON STOCK   381317106      1,273,350        31,200             X              1     X
GOODYEAR TIRE & RUBBER        COMMON STOCK   382550101        610,000        30,500             X              1     X
GPU INC                       COMMON STOCK   36225X100        646,794        23,900             X              1     X
GRACE                         COMMON STOCK   38388F108        163,688        13,500             X              1     X
GRAINGER                      COMMON STOCK   384802104        563,869        18,300             X              1     X
GREAT LAKES CHEMICAL          COMMON STOCK   390568103        343,350        10,900             X              1     X
GUIDANT                       COMMON STOCK   401698105      3,024,450        61,100             X              1     X
HALLIBURTON                   COMMON STOCK   406216101      5,558,688       117,800             X              1     X
HARCOURT GENERAL              COMMON STOCK   41163G101        761,250        14,000             X              1     X
HARLEY DAVIDSON               COMMON STOCK   412822108      2,279,200        59,200             X              1     X
HARRAH'S ENTERTAINMENT        COMMON STOCK   413619107        510,875        24,400             X              1     X
HARRIS                        COMMON STOCK   413875105      1,352,575        41,300             X              1     X
HARTFORD FINANCIAL SERVICE    COMMON STOCK   416515104      2,377,344        42,500             X              1     X
HASBRO                        COMMON STOCK   418056107        535,472        35,550             X              1     X
HEALTH CARE PROPERTY INVES    COMMON STOCK   421915109        742,563        27,250             X              1     X
HEALTH CARE RETIREMENT        COMMON STOCK   564055101        140,000        20,000             X              1     X
HEALTHSOUTH                   COMMON STOCK   421924101        541,219        75,300             X              1     X
HEINZ                         COMMON STOCK   423074103      3,014,375        68,900             X              1     X
HELMERICH & PAYNE             COMMON STOCK   423452101      4,126,200       110,400             X              1     X
HENRY JACK & ASSOCIATES       COMMON STOCK   426281101        335,837         6,700             X              1     X
HERCULES                      COMMON STOCK   427056106        292,500        20,800             X              1     X
HERSHEY FOODS                 COMMON STOCK   427866108      1,333,750        27,500             X              1     X
HEWLETT-PACKARD               COMMON STOCK   428236103     29,045,925       232,600             X              1     X
HILTON HOTELS                 COMMON STOCK   432848109        675,000        72,000             X              1     X
</TABLE>

<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>
HOME DEPOT                    COMMON STOCK   437076102     26,976,088       540,197            X              1     X
HOMESTAKE MINING              COMMON STOCK   437614100        512,188        74,500            X              1     X
HONEYWELL INTERNATIONAL IN    COMMON STOCK   438516106      6,822,999       202,538            X              1     X
HOST MARRIOTT                 COMMON STOCK   44107P104      5,767,500       615,200            X              1     X
HOUSEHOLD INTL                COMMON STOCK   441815107      3,827,906        92,100            X              1     X
HOUSTON INDS INC. 7% CONVE    NON-REDEEM P/S 442161204     12,051,938        96,900            X              1     X
HUBBELL, CL B                 COMMON STOCK   443510201      3,809,700       149,400            X              1     X
HUMAN GENOME SCIENCES INC     COMMON STOCK   444903108      3,561,113        26,700            X              1     X
HUMANA                        COMMON STOCK   444859102        159,413        32,700            X              1     X
HUNTINGTON BANCSHARES         COMMON STOCK   446150104        693,694        43,870            X              1     X
ICN PHARMACEUTICALS           COMMON STOCK   448924100      4,547,344       163,500            X              1     X
IKON OFFICE SOLUTIONS         COMMON STOCK   451713101         62,775        16,200            X              1     X
ILLINOIS TOOL WORKS           COMMON STOCK   452308109      4,816,500        84,500            X              1     X
IMS HEALTH INC                COMMON STOCK   449934108      1,062,000        59,000            X              1     X
INCO                          COMMON STOCK   453258402        816,413        53,100            X              1     X
                               FOREIGN
INCYTE GENOMICS INC.          COMMON STOCK   45337C102      4,627,156        56,300            X              1     X
INGERSOLL-RAND                COMMON STOCK   456866102      2,125,200        52,800            X              1     X
INSURANCE AUTO AUCTIONS,IN    COMMON STOCK   457875102     35,215,375     1,667,000            X              1     X
INTEGRATED DEVISE TECHNOLO    COMMON STOCK   458118106      4,155,325        69,400            X              1     X
INTEL                         COMMON STOCK   458140100    102,257,569       764,900            X              1     X
INTERIM SERVICES INC          COMMON STOCK   848420105        209,450        11,800            X              1     X
INTERMEDIA COMMUNICATIONS     COMMON STOCK   458801107        229,105         7,701            X              1     X
INTERNATIONAL RECTIFIER CO    COMMON STOCK   460254105        532,000         9,500            X              1     X
INTERPUBLIC GROUP OF COS      COMMON STOCK   460690100      2,451,000        57,000            X              1     X
INTL BUSINESS MACHINES        COMMON STOCK   459200101     45,687,563       417,000            X              1     X
INTL FLAVORS & FRAGRANCES     COMMON STOCK   459506101        612,806        20,300            X              1     X
INTL PAPER                    COMMON STOCK   460146103      2,632,384        88,298            X              1     X
INTUIT INC                    COMMON STOCK   461202103      3,967,863        95,900            X              1     X
ITT                           COMMON STOCK   450911102        519,413        17,100            X              1     X
IVAX CORP                     COMMON STOCK   465823102      5,282,950       127,300            X              1     X
JABIL CIRCUIT INC             COMMON STOCK   466313103      5,483,563       110,500            X              1     X
JAMES RIVER                   COMMON STOCK   347471104        948,125        41,000            X              1     X
JDS UNIPHASE CORP             COMMON STOCK   46612J101      2,109,800        17,600            X              1     X
JEFFERSON-PILOT               COMMON STOCK   475070108      1,145,681        20,300            X              1     X
JOHNSON & JOHNSON             COMMON STOCK   478160104     34,749,563       341,100            X              1     X
JOHNSON CONTROLS              COMMON STOCK   478366107        856,919        16,700            X              1     X
JONES PHARMA                  COMMON STOCK   480236108        450,295        11,275            X              1     X
K MART                        COMMON STOCK   482584109        643,100        94,400            X              1     X
KANSAS CITY SOUTHERN INDUS    COMMON STOCK   485170302      1,924,519        21,700            X              1     X
KEEBLER FOODS CO              COMMON STOCK   487256109     18,994,895       511,647            X              1     X
KELLOGG                       COMMON STOCK   487836108      2,353,225        79,100            X              1     X
KEMET CORP                    COMMON STOCK   488360108        340,850        13,600            X              1     X
KERR-MCGEE                    COMMON STOCK   492386107      2,115,856        35,900            X              1     X
KEYCORP                       COMMON STOCK   493267108      1,513,988        85,900            X              1     X
</TABLE>

<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>
KILROY REALTY CORPORATION     COMMON STOCK   49427F108     3,890,625      150,000              X               1     X
KIMBERLY-CLARK                COMMON STOCK   494368103     8,766,900      152,800              X               1     X
KIMCO REALTY CORP             COMMON STOCK   49446R109     8,200,000      200,000              X               1     X
KLA-TENCOR CORP               COMMON STOCK   482480100     2,904,700       49,600              X               1     X
KNIGHT-RIDDER                 COMMON STOCK   499040103       835,044       15,700              X               1     X
KOHLS CORP                    COMMON STOCK   500255104     3,537,750       63,600              X               1     X
KOMAG INC                     COMMON STOCK   500453105        17,500       10,000              X               1     X
KROGER                        COMMON STOCK   501044101     3,715,325      168,400              X               1     X
KULICKE & SOFFA INDUSTRIES    COMMON STOCK   501242101       255,313        4,300              X               1     X
L S I LOGIC                   COMMON STOCK   502161102     3,415,288       63,100              X               1     X
LAM RESEARCH                  COMMON STOCK   512807108       720,000       19,200              X               1     X
LASALLE HOTELS                COMMON STOCK   517942108       784,875       54,600              X               1     X
LATTICE SEMICONDUCTOR         COMMON STOCK   518415104     2,205,088       31,900              X               1     X
LEGG MASON                    COMMON STOCK   524901105     5,735,000      114,700              X               1     X
LEGGETT & PLATT               COMMON STOCK   524660107       631,950       38,300              X               1     X
LEHMAN BROS HOLDING           COMMON STOCK   524908100     8,321,500       88,000              X               1     X
LEXMARK INTERNATIONAL INC.    COMMON STOCK   529771107     2,784,150       41,400              X               1     X
LILLY (ELI)                   COMMON STOCK   532457108    24,743,432      247,744              X               1     X
LIMITED                       COMMON STOCK   532716107     1,811,267       83,758              X               1     X
LINCOLN NATIONAL              COMMON STOCK   534187109     2,449,275       67,800              X               1     X
LINEAR TECH                   COMMON STOCK   535678106     3,823,463       59,800              X               1     X
LITTON INDUSTRIES             COMMON STOCK   538021106     5,871,600      139,800              X               1     X
LIZ CLAIBORNE                 COMMON STOCK   539320101       387,750       11,000              X               1     X
LOCKHEED MARTIN               COMMON STOCK   539830109     3,702,025      149,200              X               1     X
LOUIS DREYFUS NATURAL CORP    COMMON STOCK   546011107       206,663        6,600              X               1     X
LOUISIANA PACIFIC             COMMON STOCK   546347105       222,938       20,500              X               1     X
LOWE'S                        COMMON STOCK   548661107     3,063,263       74,600              X               1     X
LUCENT TECHNOLOGIES INC       COMMON STOCK   549463107    44,677,048      754,043              X               1     X
MACERICH COMPANY              COMMON STOCK   554382101     5,892,894      267,100              X               1     X
MACK-CALI REALTY CORP         COMMON STOCK   554489104     7,064,063      275,000              X               1     X
MALLINCKRODT GRP              COMMON STOCK   561232109       573,375       13,200              X               1     X
MANUFACTURED HOME COMMUNIT    COMMON STOCK   564682102     9,853,896      411,651              X               1     X
MARINE DRILLING CO INC        COMMON STOCK   568240204     1,150,800       41,100              X               1     X
MARRIOTT INTERNATIONAL INC    COMMON STOCK   571903202     1,716,575       47,600              X               1     X
MARSH & MC LENNAN             COMMON STOCK   571748102     7,874,588       75,400              X               1     X
MASCO                         COMMON STOCK   574599106     1,578,663       87,400              X               1     X
MATTEL                        COMMON STOCK   577081102     1,090,606       82,700              X               1     X
MAXIM INTEGRATED PRODUCTS     COMMON STOCK   57772K101     3,675,419       54,100              X               1     X
MAY DEPARTMENT STORES         COMMON STOCK   577778103     1,557,600       64,900              X               1     X
MAYTAG                        COMMON STOCK   578592107     1,545,063       41,900              X               1     X
MBIA INC.       .             COMMON STOCK   55262C100       930,019       19,300              X               1     X
MBNA CORP                     COMMON STOCK   55262L100     5,736,938      211,500              X               1     X
MCDONALD'S                    COMMON STOCK   580135101    10,388,488      315,400              X               1     X
MCGRAW-HILL                   COMMON STOCK   580645109     2,057,400       38,100              X               1     X
</TABLE>

<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>
MCKESSON HBOC INC             COMMON STOCK   58155Q103     1,151,563         55,000            X              1     X
MCLEOD INC -CL A              COMMON STOCK   582266102       947,736         45,812            X              1     X
MEAD                          COMMON STOCK   582834107       507,525         20,100            X              1     X
MEDIAONE GROUP                COMMON STOCK   58440J104     4,303,975         64,600            X              1     X
MEDICIS PHARMACEUTICAL COR    COMMON STOCK   584690309       273,600          4,800            X              1     X
MEDIMMUNE INC                 COMMON STOCK   584699102     8,783,800        118,700            X              1     X
MEDTRONICS                    COMMON STOCK   585055106    13,942,519        279,900            X              1     X
MELLON BANK                   COMMON STOCK   58551A108     3,549,013         97,400            X              1     X
MERCK                         COMMON STOCK   589331107    43,201,175        563,800            X              1     X
MERCURY INTERACTIVE CORP.     COMMON STOCK   589405109       638,550          6,600            X              1     X
MEREDITH                      COMMON STOCK   589433101       337,500         10,000            X              1     X
MERISTAR HOSPITALITY CORP     COMMON STOCK   58984Y103     1,848,000         88,000            X              1     X
MERRILL LYNCH                 COMMON STOCK   590188108    10,511,000         91,400            X              1     X
METHODE ELECTRONICS CLASS     COMMON STOCK   591520200       247,200          6,400            X              1     X
MGIC INVESTMENT               COMMON STOCK   552848103       941,850         20,700            X              1     X
MICHAEL'S STORES INC          COMMON STOCK   594087108       233,644          5,100            X              1     X
MICROCHIP TECHNOLOGY INC      COMMON STOCK   595017104     1,876,152         32,200            X              1     X
MICRON TECH                   COMMON STOCK   595112103     9,422,688        107,000            X              1     X
MICROSOFT                     COMMON STOCK   594918104    97,448,000      1,218,100            X              1     X
MILLENNIUM PHARMACEUTICALS    COMMON STOCK   599902103     9,531,750         85,200            X              1     X
MILLIPORE                     COMMON STOCK   601073109       670,838          8,900            X              1     X
MILLS CORP                    COMMON STOCK   601148109     2,821,875        150,000            X              1     X
MINNESOTA MNG & MFG           COMMON STOCK   604059105     7,986,000         96,800            X              1     X
MOLEX                         COMMON STOCK   608554101     1,843,188         38,300            X              1     X
MONSANTO COMPANY              NON-REDEEM P/S 611662305     3,416,375         75,500            X              1     X
MONTANA PWR                   COMMON STOCK   612085100     1,521,969         43,100            X              1     X
MORGAN (J.P.)                 COMMON STOCK   616880100     3,590,075         32,600            X              1     X
MORGAN STANLEY DEAN WITTER    COMMON STOCK   617446448    21,886,425        262,900            X              1     X
MORRISON KNUDSEN CORP         COMMON STOCK   61844A109        84,100         11,600            X              1     X
MOTOROLA                      COMMON STOCK   620076109    15,071,406        518,586            X              1     X
NABISCO GROUP HOLDINGS        COMMON STOCK   62952P102     1,652,219         63,700            X              1     X
NABORS INDUSTRIES             COMMON STOCK   629568106     7,792,969        187,500            X              1     X
NATIONAL CITY                 COMMON STOCK   635405103     2,033,850        119,200            X              1     X
NATIONAL SEMICONDUCTOR        COMMON STOCK   637640103     1,935,175         34,100            X              1     X
NATIONWIDE FINANCIAL          COMMON STOCK   638612101     2,810,813         85,500            X              1     X
NATL COMPUTER SYSTEMS         COMMON STOCK   635519101       290,575          5,900            X              1     X
NAVISTAR INTERNATIONAL        COMMON STOCK   63934E108       378,963         12,200            X              1     X
NBTY INC                      COMMON STOCK   628782104        70,125         11,000            X              1     X
NCR CORP                      COMMON STOCK   62886E108       728,131         18,700            X              1     X
NETWORK APPLIANCE INC         COMMON STOCK   64120L104     5,602,800         69,600            X              1     X
NEW CENTURY ENERGIES INC      COMMON STOCK   64352U103       678,000         22,600            X              1     X
NEW YORK TIMES                COMMON STOCK   650111107     1,311,400         33,200            X              1     X
NEWELL RUBBERMAID INC         COMMON STOCK   651229106     1,371,677         53,269            X              1     X
NEWFIELD EXPLORATION CORP     COMMON STOCK   651290108       269,963          6,900            X              1     X
</TABLE>
<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>
NEWMONT MINING                COMMON STOCK   651639106       707,138         32,700            X              1     X
NEXTEL COMMUNICATIONS INC     COMMON STOCK   65332V103    10,212,194        166,900            X              1     X
NIAGARA MOHAWK HOLDINGS IN    COMMON STOCK   653520106     1,940,100        139,200            X              1     X
NICOR                         COMMON STOCK   654086107       296,888          9,100            X              1     X
NIKE CL B                     COMMON STOCK   654106103     2,133,950         53,600            X              1     X
NIVIDIA                       COMMON STOCK   67066G104     1,474,650         23,200            X              1     X
NOBLE AFFILIATES              COMMON STOCK   654894104     5,814,725        156,100            X              1     X
NOBLE DRILLING                COMMON STOCK   655042109     3,422,681         83,100            X              1     X
NORDSTROM                     COMMON STOCK   655664100       634,488         26,300            X              1     X
NORFOLK SOUTHERN              COMMON STOCK   655844108     1,111,163         74,700            X              1     X
NORTEL NETWORKS CORP          COMMON STOCK   656568102    46,075,575        675,100            X              1     X
                               FOREIGN
NORTHERN STATES PWR           COMMON STOCK   665772109       615,719         30,500            X              1     X
NORTHERN TRUST                COMMON STOCK   665859104     2,823,713         43,400            X              1     X
NORTHROP GRUMMAN              COMMON STOCK   666807102       901,000         13,600            X              1     X
NOVELL                        COMMON STOCK   670006105       592,925         64,100            X              1     X
NOVELLUS SYSTEM INC           COMMON STOCK   670008101     1,419,719         25,100            X              1     X
NUCOR                         COMMON STOCK   670346105       769,950         23,200            X              1     X
NUVEEN MUNI VALUE FUND        COMMON STOCK   670928100    27,988,875      3,317,200            X              1     X
OCCIDENTAL PETROLEUM          COMMON STOCK   674599105     1,512,288         71,800            X              1     X
OCEAN ENERGY INC              COMMON STOCK   67481E106     6,165,888        434,600            X              1     X
OFFICE DEPOT INC              COMMON STOCK   676220106       392,500         62,800            X              1     X
OLD KENT FINANCIAL            COMMON STOCK   679833103       677,578         25,330            X              1     X
OMNICOM GROUP                 COMMON STOCK   681919106     6,679,688         75,000            X              1     X
ORACLE SYSTEMS                COMMON STOCK   68389X105    54,632,219        649,900            X              1     X
ORTHODONTIC CENTERS OF AME    COMMON STOCK   68750P103       205,888          9,100            X              1     X
OWENS-ILLINOIS                COMMON STOCK   690768403       337,769         28,900            X              1     X
P P G INDUSTRIES              COMMON STOCK   693506107     1,223,025         27,600            X              1     X
PACCAR                        COMMON STOCK   693718108       599,281         15,100            X              1     X
PAINE WEBBER GROUP            COMMON STOCK   695629105     1,283,100         28,200            X              1     X
PAN PACIFIC REALTY            COMMON STOCK   69806L104     3,018,750        150,000            X              1     X
PARAMETRIC TECHNOLOGY CORP    COMMON STOCK   699173100       591,800         53,800            X              1     X
PARKER DRILLING               COMMON STOCK   701081101     1,852,538        299,400            X              1     X
PARKER-HANNIFIN               COMMON STOCK   701094104       750,075         21,900            X              1     X
PATTERSON DENTAL CO           COMMON STOCK   703412106       293,250          5,750            X              1     X
PAYCHEX                       COMMON STOCK   704326107     3,037,650         72,325            X              1     X
P-COM INC                     COMMON STOCK   693262107        59,719         10,500            X              1     X
PE CORP - PE BIOSYSTEMS GR    COMMON STOCK   69332S102     3,583,600         54,400            X              1     X
PECO ENERGY CO                COMMON STOCK   693304107     2,854,125         70,800            X              1     X
PENNEY (J.C.)                 COMMON STOCK   708160106       938,469         50,900            X              1     X
PEOPLES ENERGY                COMMON STOCK   711030106       223,388          6,900            X              1     X
PEOPLESOFT INC                COMMON STOCK   712713106       892,775         53,300            X              1     X
PEPSICO                       COMMON STOCK   713448108    16,215,244        364,900            X              1     X
PFIZER                        COMMON STOCK   717081103    70,026,000      1,458,875            X              1     X
PG & E CORP                   COMMON STOCK   69331C108     1,849,338         75,100            X              1     X
</TABLE>
<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>
PHELPS DODGE                  COMMON STOCK   717265102       654,872         17,610            X              1     X
PHILLIPS PETROLEUM            COMMON STOCK   718507106     2,509,031         49,500            X              1     X
PINNACLE WEST CAPITAL         COMMON STOCK   723484101       558,938         16,500            X              1     X
PIONEER GROUP INC             COMMON STOCK   723684106       211,875          5,000            X              1     X
PITNEY BOWES                  COMMON STOCK   724479100     2,040,000         51,000            X              1     X
PLACER DOME                   COMMON STOCK   725906101       609,131         63,700            X              1     X
                               FOREIGN
PLEXUS CORP                   COMMON STOCK   729132100       248,600          2,200            X              1     X
PNC FINANCIAL SERVICES GRO    COMMON STOCK   693475105     5,020,313        107,100            X              1     X
POLYCOM INC.                  COMMON STOCK   73172K104     1,430,226         15,200            X              1     X
POST PROPERTIES, INC.         COMMON STOCK   737464107    14,894,000        338,500            X              1     X
POWERWAVE TECHNOLOGIES INC    COMMON STOCK   739363109     1,183,600         26,900            X              1     X
PPL CORPORATION               COMMON STOCK   69351T106       616,444         28,100            X              1     X
PRAXAIR                       COMMON STOCK   74005P104     1,156,819         30,900            X              1     X
PRECISION CASTPARTS           COMMON STOCK   740189105     3,316,825         73,300            X              1     X
PRENTISS PROPERTIES TRUST     COMMON STOCK   740706106     2,400,000        100,000            X              1     X
PRICE T ROWE & ASSOC INC      COMMON STOCK   741477103       998,750         23,500            X              1     X
PRIDE INTL                    COMMON STOCK   741932107       200,475          8,100            X              1     X
PROCTER & GAMBLE              COMMON STOCK   742718109    17,890,625        312,500            X              1     X
PROGRESSIVE CORP.             COMMON STOCK   743315103     1,050,800         14,200            X              1     X
PROLOGIS TRUST                COMMON STOCK   743410102    48,866,664      2,292,864            X              1     X
PROTECTIVE LIFE CORP          COMMON STOCK   743674103     4,425,075        166,200            X              1     X
PROTEIN DESIGN LABS INC       COMMON STOCK   74369L103       511,355          3,100            X              1     X
PROVIDIAN FINANCIAL CORP      COMMON STOCK   74406A102     2,502,000         27,800            X              1     X
PSINET                        NON-REDEEM P/S 74437C309     1,661,750         34,000            X              1     X
PUBLIC STORAGE INC            COMMON STOCK   74460D109     3,515,625        150,000            X              1     X
PUBLIC SVC ENTERPRISE GROU    COMMON STOCK   744573106     1,468,100         42,400            X              1     X
QLOGIC CORP                   COMMON STOCK   747277101     3,283,306         49,700            X              1     X
QUAKER OATS                   COMMON STOCK   747402105     1,938,225         25,800            X              1     X
QUALCOM                       COMMON STOCK   747525103    10,152,000        169,200            X              1     X
QUINTILES                     COMMON STOCK   748767100       317,813         22,500            X              1     X
QWEST COMMUNICATIONS INTL     COMMON STOCK   749121109       705,563         14,200            X              1     X
R & B FALCON CORP             COMMON STOCK   74912E101     1,218,181         51,700            X              1     X
RADIAN GROUP INC              COMMON STOCK   750236101       315,675          6,100            X              1     X
RADIOSHACK CORP               COMMON STOCK   750438103     1,752,875         37,000            X              1     X
RALSTON-RALSTON PURINA        COMMON STOCK   751277302     1,866,150         93,600            X              1     X
RATIONAL SOFTWARE CORP        COMMON STOCK   75409P202     6,059,525         65,200            X              1     X
RAYTHEON                      COMMON STOCK   755111408     1,274,350         66,200            X              1     X
READERS DIGEST                COMMON STOCK   755267101    14,377,575        361,700            X              1     X
READERS DIGEST, 8.25%, CON    NON-REDEEM P/S 755271202     2,100,000         60,000            X              1     X
REGIONS FINANCIAL             COMMON STOCK   758940100       850,650         42,800            X              1     X
RELIANT ENERGY INC            COMMON STOCK   75952J108     1,705,756         57,700            X              1     X
REMEC INCORPORATED            COMMON STOCK   759543101       448,063         10,700            X              1     X
REYNOLDS & REYNOLDS           COMMON STOCK   761695105     3,843,450        210,600            X              1     X
RITE AID                      COMMON STOCK   767754104       331,406         50,500            X              1     X
</TABLE>
<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>
ROCKWELL INTL                 COMMON STOCK   773903109     1,159,200          36,800           X              1     X
ROHM & HAAS                   COMMON STOCK   775371107     1,469,217          42,586           X              1     X
ROLLINS TRUCK LEASING         COMMON STOCK   775741101        81,169          11,700           X              1     X
ROUSE CO                      COMMON STOCK   779273101     7,920,000         320,000           X              1     X
ROWAN                         COMMON STOCK   779382100       671,288          22,100           X              1     X
ROYAL DUTCH PETROLEUM         COMMON STOCK   780257804    30,787,406         500,100           X              1     X
                               FOREIGN
RSA SECURITY INC              COMMON STOCK   749719100       429,350           6,200           X              1     X
RUBY TUESDAY INC              COMMON STOCK   781182100       153,263          12,200           X              1     X
RYDER                         COMMON STOCK   783549108       229,144          12,100           X              1     X
S C I SYSTEMS                 COMMON STOCK   783890106     3,072,300          78,400           X              1     X
S E I                         COMMON STOCK   784117103       382,200           9,600           X              1     X
S3 INC                        COMMON STOCK   784849101       184,375          12,500           X              1     X
SABRE HOLDINGS CORP           COMMON STOCK   785905100       735,927          25,822           X              1     X
SAFECO                        COMMON STOCK   786429100     1,220,325          61,400           X              1     X
SAFEGUARD SCIENTIFICS INC     COMMON STOCK   786449108       452,081          14,100           X              1     X
SAFEWAY INC                   COMMON STOCK   786514208     5,509,763         122,100           X              1     X
SANMINA CORP                  COMMON STOCK   800907107     2,351,250          27,500           X              1     X
SANTA FE INTERNATIONAL COR    COMMON STOCK   G7805C108       908,375          26,000           X              1     X
SAPIENT CORP                  COMMON STOCK   803062108     1,187,006          11,100           X              1     X
SARA LEE                      COMMON STOCK   803111103     3,342,994         173,100           X              1     X
SBC COMMUNICATIONS            COMMON STOCK   78387G103    32,916,148         761,067           X              1     X
SCHERING-PLOUGH               COMMON STOCK   806605101    19,129,400         378,800           X              1     X
SCHLUMBERGER                  COMMON STOCK   806857108     9,052,013         121,300           X              1     X
SCHWAB CHARLES CORP NEW       COMMON STOCK   808513105    10,117,763         300,900           X              1     X
SCIENTIFIC-ATLANTA            COMMON STOCK   808655104     3,523,850          47,300           X              1     X
SEAGATE TECH                  COMMON STOCK   811804103     2,387,000          43,400           X              1     X
SEALED AIR                    COMMON STOCK   81211K100       853,713          16,300           X              1     X
SEALED AIR CORP., $2.00, C    NON-REDEEM P/S 81211K209     6,385,433         126,132           X              1     X
SEARS ROEBUCK                 COMMON STOCK   812387108     5,246,100         160,800           X              1     X
SECURITY CAPITAL GROUP INC    COMMON STOCK   81413P105    31,524,363          38,142           X              1     X
SEMPRA ENERGY                 COMMON STOCK   816851109       678,300          39,900           X              1     X
SEMTECH CORPORATION           COMMON STOCK   816850101       986,649          12,900           X              1     X
SENSORMATIC ELECTRONICS       COMMON STOCK   817265101     1,905,406         120,500           X              1     X
SEPRACOR INC                  COMMON STOCK   817315104     5,005,938          41,500           X              1     X
SHERWIN-WILLIAMS              COMMON STOCK   824348106       682,238          32,200           X              1     X
SIEBEL SYSTEMS INC            COMMON STOCK   826170102     7,932,781          48,500           X              1     X
SIGMA-ALDRICH                 COMMON STOCK   826552101       526,500          18,000           X              1     X
SILICON VY BANCSHARES         COMMON STOCK   827064106       306,900           7,200           X              1     X
SIMON PROPERTY GROUP INC      COMMON STOCK   828806109    10,019,875         451,600           X              1     X
SL GREEN REALTY CORP          COMMON STOCK   78440X101     4,012,500         150,000           X              1     X
SNAP-ON                       COMMON STOCK   833034101     7,156,800         268,800           X              1     X
SNYDER COMMUNICATIONS INC     COMMON STOCK   832914105       287,375          12,100           X              1     X
SOLECTRON CORP                COMMON STOCK   834182107     4,857,500         116,000           X              1     X
SOUTHERN                      COMMON STOCK   842587107     4,522,625         194,000           X              1     X
</TABLE>
<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>
SOUTHTRUST                    COMMON STOCK   844730101       739,838          32,700           X              1     X
SOUTHWEST AIRLINES            COMMON STOCK   844741108     1,847,353          97,550           X              1     X
SPRINT                        COMMON STOCK   852061100     9,924,600         194,600           X              1     X
SPRINT CORP (PCS GROUP)       COMMON STOCK   852061506    11,798,850         198,300           X              1     X
ST JUDE MEDICAL               COMMON STOCK   790849103       752,350          16,400           X              1     X
ST. PAUL                      COMMON STOCK   792860108     2,450,175          71,800           X              1     X
STANLEY WORKS                 COMMON STOCK   854616109       408,500          17,200           X              1     X
STAPLES                       COMMON STOCK   855030102     1,434,526          93,300           X              1     X
STARBUCKS, CORP               COMMON STOCK   855244109     1,351,838          35,400           X              1     X
STARWOOD HOTELS & RESORTS     COMMON STOCK   85590A203    27,499,031         844,500           X              1     X
STATE STREET CORP             COMMON STOCK   857477103     5,324,338          50,200           X              1     X
STRYKER                       COMMON STOCK   863667101     6,860,000         156,800           X              1     X
STUDENT LOAN MKTG ASSN        COMMON STOCK   78442A109     1,153,075          30,800           X              1     X
SUMMIT BANCORP                COMMON STOCK   866005101       842,175          34,200           X              1     X
SUN CO.                       COMMON STOCK   86764P109     1,392,394          47,300           X              1     X
SUN COMMUNITIES               COMMON STOCK   866674104     4,433,813         132,600           X              1     X
SUN MICROSYSTEMS              COMMON STOCK   866810104    32,616,917         358,674           X              1     X
SUNTRUST BANKS                COMMON STOCK   867914103     2,764,094          60,500           X              1     X
SUPER VALU STORES             COMMON STOCK   868536103     5,266,283         276,264           X              1     X
SYMANTEC CORP                 COMMON STOCK   871503108     1,569,581          29,100           X              1     X
SYMBOL TECH                   COMMON STOCK   871508107     3,150,900          58,350           X              1     X
SYNOVUS FINANCIAL CORP        COMMON STOCK   87161C105       967,613          54,900           X              1     X
SYSCO                         COMMON STOCK   871829107     2,729,700          64,800           X              1     X
T R W                         COMMON STOCK   872649108     1,036,663          23,900           X              1     X
TARGET CORP                   COMMON STOCK   87612E106     6,623,600         114,200           X              1     X
TAUBMAN CENTERS INC           COMMON STOCK   876664103     3,300,000         300,000           X              1     X
TECHNITROL INC                COMMON STOCK   878555101       310,000           3,200           X              1     X
TEKTRONIX                     COMMON STOCK   879131100       688,200           9,300           X              1     X
TELECOM CORP OF NEW ZEALAN    COMMON STOCK   879278208       655,313          23,300           X              1     X
                               FOREIGN
TELLABS                       COMMON STOCK   879664100     7,322,813         107,000           X              1     X
TEMPLE-INLAND                 COMMON STOCK   879868107       441,000          10,500           X              1     X
TENET HEALTHCARE              COMMON STOCK   88033G100     7,225,200         267,600           X              1     X
TERADYNE                      COMMON STOCK   880770102     2,469,600          33,600           X              1     X
TEXACO                        COMMON STOCK   881694103     8,200,500         154,000           X              1     X
TEXAS INSTRUMENTS             COMMON STOCK   882508104    25,359,425         369,200           X              1     X
TEXTRON                       COMMON STOCK   883203101     1,553,338          28,600           X              1     X
THE PMI GROUP                 COMMON STOCK   69344M101     2,322,893          48,903           X              1     X
THERMO ELECTRON               COMMON STOCK   883556102       644,513          30,600           X              1     X
THOMAS & BETTS                COMMON STOCK   884315102       216,113          11,300           X              1     X
TIFFANY & CO                  COMMON STOCK   886547108       958,500          14,200           X              1     X
TIMBERLAND CO  - CL A         COMMON STOCK   887100105       269,088           3,800           X              1     X
TIME WARNER                   COMMON STOCK   887315109    21,956,400         288,900           X              1     X
TIMKEN                        COMMON STOCK   887389104       223,500          12,000           X              1     X
TJX                           COMMON STOCK   872540109     1,115,625          59,500           X              1     X
</TABLE>
<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>
TORCHMARK                     COMMON STOCK   891027104     5,581,844         226,100           X              1     X
TOSCO                         COMMON STOCK   891490302       798,413          28,200           X              1     X
TOYS R US                     COMMON STOCK   892335100       645,119          44,300           X              1     X
TRANSOCEAN SEDCO FOREX INC    COMMON STOCK   G90078109     2,307,538          43,182           X              1     X
TRIBUNE                       COMMON STOCK   896047107     1,893,500          54,100           X              1     X
TRIBUNE                       REDEEMABLE P/S 896047305     9,773,200          84,800           X              1     X
TRICON GLOBAL RESTAURANTS     COMMON STOCK   895953107       822,075          29,100           X              1     X
TRIMBLE NAVIGATION            COMMON STOCK   896239100       205,013           4,200           X              1     X
TRIQUENT SEMICONDUCTOR        COMMON STOCK   89674K103     1,875,475          19,600           X              1     X
TRUE NORTH COMMUNICATION      COMMON STOCK   897844106       360,800           8,200           X              1     X
TUPPERWARE CORP               COMMON STOCK   899896104       248,600          11,300           X              1     X
TXU CORPORATION (HLDG)        COMMON STOCK   873168108     1,548,750          52,500           X              1     X
TYCO INTERNATIONAL            COMMON STOCK   902124106    18,353,738         387,414           X              1     X
U S X- U.S. STEEL GROUP       COMMON STOCK   90337T101       367,538          19,800           X              1     X
UNICOM                        COMMON STOCK   904911104     1,473,994          38,100           X              1     X
UNILEVER N.V.                 COMMON STOCK   904784709     5,276,573         122,711           X              1     X
                               FOREIGN
UNION CARBIDE                 COMMON STOCK   905581104     1,296,900          26,200           X              1     X
UNION PACIFIC                 COMMON STOCK   907818108     1,799,875          48,400           X              1     X
UNION PACIFIC RESOURCES GR    COMMON STOCK   907834105     1,082,400          49,200           X              1     X
UNION PLANTERS                COMMON STOCK   908068109       751,519          26,900           X              1     X
UNISYS                        COMMON STOCK   909214108       883,944          60,700           X              1     X
UNITED DOMINION               COMMON STOCK   910197102     1,100,000         100,000           X              1     X
UNITED TECH                   COMMON STOCK   913017109     7,371,150         125,200           X              1     X
UNITEDHEALTH GROUP INC        COMMON STOCK   91324P102     2,769,725          32,300           X              1     X
UNIVERSAL HEALTH SERVICES     COMMON STOCK   913903100       340,600           5,200           X              1     X
UNIVISION COMMUNICATION IN    COMMON STOCK   914906102     2,308,050          22,300           X              1     X
UNOCAL                        COMMON STOCK   915289102     1,570,125          47,400           X              1     X
UNUM PROVIDENT                COMMON STOCK   91529Y106       940,931          46,900           X              1     X
URBAN SHOPPING CENTERS        COMMON STOCK   917060105     2,695,000          80,000           X              1     X
US AIRWAYS GROUP              COMMON STOCK   911905107       522,600          13,400           X              1     X
US BANCORP                    COMMON STOCK   902973106     2,827,825         146,900           X              1     X
US ONCOLOGY INC               COMMON STOCK   90338W103        64,500          12,900           X              1     X
US WEST                       COMMON STOCK   91273H101     9,535,400         111,200           X              1     X
USX-MARATHON GROUP            COMMON STOCK   902905827     3,092,713         123,400           X              1     X
UTILICORP UNITED              COMMON STOCK   918005109     4,861,425         244,600           X              1     X
UTILICORP UNITED              REDEEMABLE P/S 918005877     1,781,250          75,000           X              1     X
V F                           COMMON STOCK   918204108       538,163          22,600           X              1     X
VALENCE TECHNOLOGY INC        COMMON STOCK   918914102       934,781          50,700           X              1     X
VERITAS SOFTWARE CORP         COMMON STOCK   923436109    16,754,563         148,250           X              1     X
VERIZON COMMUNICATIONS        COMMON STOCK   92343V104    17,570,962         345,800           X              1     X
VERTEX PHARMACEUTICALS        COMMON STOCK   92532F100       484,725           4,600           X              1     X
VIACOM -CL B                  COMMON STOCK   925524308    24,327,391         356,772           X              1     X
VIACOM INTERNATIONAL          COMMON STOCK   925524100       656,400           9,600           X              1     X
VIAD CORP                     COMMON STOCK   92552R109     6,850,650         251,400           X              1     X
</TABLE>
<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>
VIGNETTE CORP                 COMMON STOCK   926734104     2,371,911          45,600           X              1     X
VINTAGE PETE INC              COMMON STOCK   927460105       236,906          10,500           X              1     X
VISHAY INTERTECH. INC         COMMON STOCK   928298108     1,950,462          51,413           X              1     X
VITESSE SEMICONDUCTOR         COMMON STOCK   928497106     6,878,094          93,500           X              1     X
VOICESTREAM WIRELESS CORP     COMMON STOCK   928615103     2,878,348          24,750           X              1     X
VORNADO                       COMMON STOCK   929042109    12,162,500         350,000           X              1     X
VORNADO OPERATING CO          COMMON STOCK   92904N103       135,625          17,500           X              1     X
VULCAN MATERIALS              COMMON STOCK   929160109       836,675          19,600           X              1     X
WACHOVIA CORP                 COMMON STOCK   929771103     2,148,300          39,600           X              1     X
WADDELL & REED FINANCIAL      COMMON STOCK   930059100     6,145,781         187,300           X              1     X
WALGREEN                      COMMON STOCK   931422109     8,085,500         251,200           X              1     X
WAL-MART STORES               COMMON STOCK   931142103    59,330,700       1,029,600           X              1     X
WASHINGTON MUTUAL             COMMON STOCK   939322103     5,142,638         178,100           X              1     X
WASTE MANAGEMENT INC          COMMON STOCK   94106L109     2,300,900         121,100           X              1     X
WATSON PHARMACEUTICALS INC    COMMON STOCK   942683103     1,800,625          33,500           X              1     X
WDG CAPITAL, SER A            NON-REDEEM P/S 92924#106       996,417       2,091,358           X              1     X
WEATHERFORD INTERNATIONAL     COMMON STOCK   947074100     4,865,088         122,200           X              1     X
WELLPOINT HEALTH              COMMON STOCK   94973H108       883,738          12,200           X              1     X
WELLS FARGO & CO (NEW)        COMMON STOCK   949746101    13,465,625         347,500           X              1     X
WENDY'S INTL                  COMMON STOCK   950590109       404,344          22,700           X              1     X
WESTERN RESOURCES INC         COMMON STOCK   959425109       906,750          58,500           X              1     X
WESTVACO                      COMMON STOCK   961548104       486,325          19,600           X              1     X
WEYERHAEUSER                  COMMON STOCK   962166104     1,960,800          45,600           X              1     X
WHIRLPOOL                     COMMON STOCK   963320106       666,738          14,300           X              1     X
WILLAMETTE INDUSTRIES         COMMON STOCK   969133107       591,325          21,700           X              1     X
WILLIAMS                      COMMON STOCK   969457100     3,655,994          87,700           X              1     X
WINN-DIXIE STORES             COMMON STOCK   974280109       406,475          28,400           X              1     X
WORLDCOM INC.                 COMMON STOCK   98157D106    29,438,997         641,722           X              1     X
WORTHINGTON INDUSTRIES        COMMON STOCK   981811102       179,550          17,100           X              1     X
WRIGLEY                       COMMON STOCK   982526105     1,796,200          22,400           X              1     X
XEROX                         COMMON STOCK   984121103     3,899,962         187,950           X              1     X
XILINX, INC.                  COMMON STOCK   983919101     7,306,781          88,500           X              1     X
YAHOO INC                     COMMON STOCK   984332106    14,865,000         120,000           X              1     X
YOUNG AND REUBICAM INC        COMMON STOCK   987425105       789,188          13,800           X              1     X
ZEBRA TECHNOLOGIES            COMMON STOCK   989207105       212,700           4,800           X              1     X

ADT OPERATIONS INC CONV       DEBT           000945AC9     3,278,344       1,275,000           X              1     X
ADAPTEC INC, CONVERTIBLE      DEBT           00651FAC2     6,039,000       7,200,000           X              1     X
ADVANCED ENERGY IND           DEBT           007973AA8     3,040,313       2,250,000           X              1     X
AETHER SYSTEMS INC            DEBT           00808VAA3     7,036,875       6,750,000           X              1     X
AFFILIATED COMPUTER INC.,     DEBT           008190AD2     4,680,000       4,800,000           X              1     X
AFFYMETRIX INC                DEBT           00826TAC2     6,997,500       9,000,000           X              1     X
AKAMAI TECHNOLOGIES INC       DEBT           00971TAA9     7,110,000       6,000,000           X              1     X
ALKERMES INC.                 DEBT           01642TAA6     6,513,000       7,800,000           X              1     X
</TABLE>
<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>
ALZA CORP CONV                DEBT           022615AD0     9,975,075       6,420,000           X              1     X
AMAZON.COM                    DEBT           023135AD8     5,187,188       8,250,000           X              1     X
AMERICA ONLINE                DEBT           02364JAC8     3,458,625       6,900,000           X              1     X
AMERICAN GEN DEL CONV         DEBT           02637G200     6,327,000       8,325,000           X              1     X
AMERICAN INTERNATIONAL GRO    DEBT           026874AN7     6,015,000       6,000,000           X              1     X
AMERICAN TOWER CORP           DEBT           029912AE2     9,101,250       9,000,000           X              1     X
AMERICAN TOWER                DEBT           029912AF9     3,792,188       3,750,000           X              1     X
AMKOR TECHNOLOGIES INC        DEBT           031652AF7     1,087,500       1,200,000           X              1     X
ASPECT COMMUNICATIONS         DEBT           045237AE4     5,467,500      13,500,000           X              1     X
AMTEL CORP CONV               DEBT           049513AB0     4,940,625       4,650,000           X              1     X
AVIRON, CONVERTIBLE           DEBT           053762AA8     1,468,125       1,350,000           X              1     X
BEA SYSTEMS                   DEBT           073325AC6    10,094,250       6,450,000           X              1     X
BELL ATLANTIC FINL SVCS IN    DEBT           07785GAB6     5,223,750       5,250,000           X              1     X
BERKSHIRE HATHAWAY INC DEL    DEBT           084670AF5     3,870,656       1,425,000           X              1     X
BURR-BROWN CORP               DEBT           122574AD8     5,535,750       3,300,000           X              1     X
CUC INTL INC                  DEBT           126545AD4     4,072,500       4,500,000           X              1     X
CENTOCOR INC.                 DEBT           152342AE1     5,260,125       3,900,000           X              1     X
CHECKFREE HLDGS               DEBT           162816AA0     5,184,000       5,400,000           X              1     X
CLEAR CHANNEL COMM., INC.,    DEBT           184502AB8    16,657,125      12,900,000           X              1     X
CLEAR CHANNEL COMMUNICATIO    DEBT           184502AE2     4,387,500       4,500,000           X              1     X
COMMSCOPE INC                 DEBT           203372AA5     1,633,125       1,500,000           X              1     X
COMVERSE TECHNOLOGY INC       DEBT           205862AG0    13,714,313       3,150,000           X              1     X
CONEXANT SYSTEMS              DEBT           207142AB6     3,646,500       1,650,000           X              1     X
CONEXANT SYSTEMS              DEBT           207142AD2     8,216,250      10,500,000           X              1     X
CONEXANT SYSTEMS              DEBT           207142AF7     2,347,500       3,000,000           X              1     X
COR THERAPEUTICS              DEBT           217753AC6     6,118,875       4,410,000           X              1     X
COSTCO                        DEBT           22160QAC6     3,782,625       4,620,000           X              1     X
Cox Comm.                     DEBT           224044AX5     5,070,000       9,750,000           X              1     X
CRITICAL PATH                 DEBT           22674VAA8     3,729,375       4,500,000           X              1     X
Cymer                         DEBT           232572AC1     5,045,625       4,500,000           X              1     X
CYPRESS SEMICONDUCTOR         DEBT           232806AE9     1,560,938       1,350,000           X              1     X
CYPRESS SEMICONDUCTOR         DEBT           232806AF6     7,303,125       7,500,000           X              1     X
DEVON ENERGY CORP.            DEBT           25179MAB9    11,628,120      12,192,000           X              1     X
DIAMOND OFFSHORE CONV         DEBT           25271CAA0    11,671,875      11,250,000           X              1     X
DIAMOND OFFSHORE              DEBT           25271CAB8     6,956,250      15,000,000           X              1     X
DIGITAL ISLAND                DEBT           25385NAA9     4,282,500       6,000,000           X              1     X
DOUBLECLICK                   DEBT           258609AA4     1,120,875       1,050,000           X              1     X
DOUBLECLICK                   DEBT           258609AC0     1,601,250       1,500,000           X              1     X
ECHOSTAR COMMUNICATIONS       DEBT           278762AB5     4,263,750       4,500,000           X              1     X
EFFICIENT NETWORKS INC        DEBT           282056AA8     5,531,625       7,425,000           X              1     X
ELAN INTL FIN CONV            DEBT           284129AA1    10,950,000      15,000,000           X              1     X
FOUR SEASONS HOTEL            DEBT           35100EAD6     1,638,000       4,800,000           X              1     X
GENZYME CORP                  DEBT           372917AF1     6,573,656       3,975,000           X              1     X
GETTY IMAGES INC              DEBT           374276AD5     7,402,500       9,000,000           X              1     X
</TABLE>
<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>
Gilat Satellite               DEBT           375255AC0     3,076,875       4,500,000           X              1     X
GLOBAL MARINE                 DEBT           379352AM9     4,432,500       9,000,000           X              1     X
HNC SOFTWARE INC., CONVERT    DEBT           40425PAA5     2,997,750       2,100,000           X              1     X
HEWLETT PACKARD CO CONV       DEBT           428236AC7    17,718,750      18,750,000           X              1     X
HUMAN GENOME SCIENCES         DEBT           444903AH1     8,427,750      10,200,000           X              1     X
IDEC PHARMACEUTICALS          DEBT           449370AA3     1,669,500       1,050,000           X              1     X
IMCLONE SYSTEMS               DEBT           45245WAA7     3,982,500       4,500,000           X              1     X
INHALE THERAPEUTICS           DEBT           457191AD6     6,378,750       4,500,000           X              1     X
INTEGRATED PROCESS EQUIP.,    DEBT           45812KAD0     5,896,875       7,500,000           X              1     X
INTERNET CAPITAL GROUP        DEBT           46059CAA4     3,930,000       6,000,000           X              1     X
INTERPUBLIC GROUP             DEBT           460690AG5    12,303,750      12,750,000           X              1     X
I2 TECHNOLOGIES               DEBT           465754AD1     7,195,500       4,680,000           X              1     X
JUNIPER NETWORKS              DEBT           48203RAA2    14,917,500      13,500,000           X              1     X
KERR-MCGEE                    DEBT           492386AP2     6,216,750       5,400,000           X              1     X
KOHL'S CORP.                  DEBT           500255AG9     2,052,000       3,600,000           X              1     X
KULICKE & SOFFA IND INC       DEBT           501242AC5     4,555,688       3,150,000           X              1     X
LSI LOGIC                     DEBT           502161AE2    16,084,125      15,300,000           X              1     X
LAM RESH CORP CONV            DEBT           512807AB4     4,999,500       3,600,000           X              1     X
LAMAR ADVERTISING CO          DEBT           512815AF8     4,989,375       4,500,000           X              1     X
LEVEL ONE COMMUNICATIONS,     DEBT           527295AC3     4,782,713       1,110,000           X              1     X
LEVEL 3 COMMUNICATIONS        DEBT           52729NAS9    21,283,313      23,550,000           X              1     X
LIBERTY MEDIA GROUP           DEBT           530715AF8    29,008,125      20,250,000           X              1     X
LIBERTY MEDIA                 DEBT           530715AK7     8,109,375       7,500,000           X              1     X
MAGNA INTL INC CONV           DEBT           559222AE4    13,601,250      13,500,000           X              1     X
MERCURY INTERACTIVE CORP      DEBT           589405AA7     6,457,500       6,000,000           X              1     X
MILLENNIUM PHARMACEUTICALS    DEBT           599902AA1     6,933,356       4,665,000           X              1     X
MILLENNIUM PHARMACEUTICALS    DEBT           599902AB9     1,560,563       1,050,000           X              1     X
NTL INC.                      DEBT           629407AN7     2,381,250       3,000,000           X              1     X
NETWORK ASSOCIATES INC.       DEBT           640938AA4     4,741,875      13,500,000           X              1     X
NEWS CORP                     DEBT           652478AS7    11,500,130      10,425,000           X              1     X
NEXTEL                        DEBT           65332VAW3    38,967,188      38,250,000           X              1     X
PHOTRONICS INC CONV           DEBT           719405AA0     4,256,250       3,750,000           X              1     X
PINNACLE HOLDINGS INC         DEBT           72346NAC5     3,342,188       3,750,000           X              1     X
PRIMUS TELECOMM GROUP         DEBT           741929AK9     3,720,938       5,250,000           X              1     X
PROTEIN DESIGN LABS INC       DEBT           74369LAA1     1,876,875       1,500,000           X              1     X
RATIONAL SOFTWARE CORP        DEBT           75409PAA1     9,299,531       6,375,000           X              1     X
REDBACK NETWORKS              DEBT           757209AA9     8,475,000       7,500,000           X              1     X
ROBBINS & MYERS INC CONV      DEBT           770196AA1     4,192,313       4,350,000           X              1     X
ROCHE HLDGS INC., CONVERTI    DEBT           771196AC6    14,699,250      28,200,000           X              1     X
ROCHE HLDGS/GENENTECH         DEBT           771196AG7    20,700,000      22,500,000           X              1     X
SCI SYSTEMS INC               DEBT           783890AF3    10,237,500      10,500,000           X              1     X
S3                            DEBT           784849AC5     5,170,500       5,400,000           X              1     X
ST PAUL CAPITAL CONV.         DEBT           792856205     6,273,750      10,500,000           X              1     X
SEACOR HLDGS INC., CONVERT    DEBT           811904AE1     6,363,000       6,300,000           X              1     X
</TABLE>
<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>
SEMTECH CORP                  DEBT           816850AB7     4,893,750       4,500,000           X              1     X
SEPRACOR                      DEBT           817315AH7    10,378,500       5,100,000           X              1     X
Sepracor                      DEBT           817315AJ3     8,123,813       5,550,000           X              1     X
SOLECTRON CORP.               DEBT           834182AG2     9,297,750      13,800,000           X              1     X
SOLECTRON                     DEBT           834182AJ6     3,638,250       5,400,000           X              1     X
SOLECTRON CORP                DEBT           834182AK3    12,285,000      19,500,000           X              1     X
TEKELEC                       DEBT           879101AA1     6,179,063       2,250,000           X              1     X
THERMO INSTR SYS INC CONV     DEBT           883559AC0     7,998,750       9,000,000           X              1     X
THERMO INSTR SYS INC., CON    DEBT           883559AE6     8,372,813       9,750,000           X              1     X
TIMES MIRROR CO.              DEBT           887364AE7     5,173,125       9,300,000           X              1     X
TRANSOCEAN SEDCO FOREX        DEBT           893830AA7     2,499,000       4,200,000           X              1     X
TRIQUINT SEMICONDUCTOR        DEBT           89674KAA1     1,908,375       2,100,000           X              1     X
U S CELLULAR CORP CONV        DEBT           911684AA6     5,287,875       8,850,000           X              1     X
UNIVERSAL HEALTH SERVICES     DEBT           913903AJ9     4,452,000       9,600,000           X              1     X
VITESSE SEMICONDUCTOR         DEBT           928497AA4     7,472,250       8,100,000           X              1     X
WELLPOINT                     DEBT           94973HAA6     4,132,500       6,000,000           X              1     X
WHOLE FOODS MKT               DEBT           966837AC0     6,255,000      18,000,000           X              1     X
WIND RIV SYS INC., CONVERT    DEBT           973149AC1     2,653,875       2,100,000           X              1     X
YOUNG & RUBICAM               DEBT           987425AA3     9,123,750       9,000,000           X              1     X
TECNOST INTL                  DEBT           EC1437234         1,050           1,044           X              1     X

ABBOTT LABS                   COMMON STOCK   002824100       347,588           7,800           X              1     X
AES CORP                      COMMON STOCK   00130H105       205,313           4,500           X              1     X
AMERICA ON-LINE               COMMON STOCK   02364J104       991,700          18,800           X              1     X
AMERICAN EXPRESS              COMMON STOCK   025816109       562,950          10,800           X              1     X
AMERICAN HOME PRODUCTS        COMMON STOCK   026609107       581,625           9,900           X              1     X
AMERICAN INTL                 COMMON STOCK   026874107     1,257,250          10,700           X              1     X
AMGEN                         COMMON STOCK   031162100       569,025           8,100           X              1     X
ANALOG DEVICES                COMMON STOCK   032654105       250,800           3,300           X              1     X
APPLIED MATERIALS             COMMON STOCK   038222105       498,438           5,500           X              1     X
ARCHER-DANIELS-MIDLAND        COMMON STOCK   039483102       134,431          13,700           X              1     X
AT & T                        COMMON STOCK   001957109       794,800          25,132           X              1     X
BANK OF AMERICA CORP          COMMON STOCK   060505104       502,283          11,681           X              1     X
BANK OF NEW YORK              COMMON STOCK   064057102       358,050           7,700           X              1     X
BAXTER INTL                   COMMON STOCK   071813109       203,906           2,900           X              1     X
BELLSOUTH                     COMMON STOCK   079860102       485,925          11,400           X              1     X
BOEING                        COMMON STOCK   097023105       347,044           8,300           X              1     X
BRISTOL-MYERS-SQUIBB          COMMON STOCK   110122108       838,800          14,400           X              1     X
C I G N A                     COMMON STOCK   125509109       289,850           3,100           X              1     X
CARDINAL HEALTH               COMMON STOCK   14149Y108       251,600           3,400           X              1     X
CHASE MANHATTAN CORP NEW      COMMON STOCK   16161A108       504,384          10,950           X              1     X
CHEVRON                       COMMON STOCK   166751107       373,175           4,400           X              1     X
CISCO SYSTEMS, INC.           COMMON STOCK   17275R102     2,923,876          46,000           X              1     X
CITIGROUP INC                 COMMON STOCK   172967101     1,355,625          22,500           X              1     X
</TABLE>
<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>
COCA-COLA                     COMMON STOCK   191216100     1,051,106          18,300           X              1     X
COLGATE-PALMOLIVE             COMMON STOCK   194162103       233,513           3,900           X              1     X
COMPAQ COMPUTER               COMMON STOCK   204493100       327,200          12,800           X              1     X
CORNING                       COMMON STOCK   219350105       593,725           2,200           X              1     X
DELL COMPUTER                 COMMON STOCK   247025109       838,312          17,000           X              1     X
DISNEY (WALT)                 COMMON STOCK   254687106       636,525          16,400           X              1     X
DU PONT DE NEMOURS            COMMON STOCK   263534109       290,631           6,643           X              1     X
E M C                         COMMON STOCK   268648102     1,092,513          14,200           X              1     X
EMERSON ELEC                  COMMON STOCK   291011104       247,538           4,100           X              1     X
ENRON                         COMMON STOCK   293561106       399,900           6,200           X              1     X
EXXON                         COMMON STOCK   30231G102     1,852,914          23,604           X              1     X
FAMILY DOLLAR STORES          COMMON STOCK   307000109       240,619          12,300           X              1     X
FEDERAL NAT'L MORT. ASSOC     COMMON STOCK   313586109       349,656           6,700           X              1     X
FIRST DATA                    COMMON STOCK   319963104       297,750           6,000           X              1     X
FORD MOTOR                    COMMON STOCK   345370100       421,400           9,800           X              1     X
FREDDIE MAC                   COMMON STOCK   313400301       202,500           5,000           X              1     X
G T E                         COMMON STOCK   362320103       217,875           3,500           X              1     X
GENERAL ELECTRIC              COMMON STOCK   369604103     3,535,100          66,700           X              1     X
GENERAL MOTORS                COMMON STOCK   370442105       232,250           4,000           X              1     X
GILLETTE                      COMMON STOCK   375766102       234,081           6,700           X              1     X
GLOBAL MARINE                 COMMON STOCK   379352404       279,056           9,900           X              1     X
HEWLETT-PACKARD               COMMON STOCK   428236103       849,150           6,800           X              1     X
HOME DEPOT                    COMMON STOCK   437076102       813,981          16,300           X              1     X
HONEYWELL INTERNATIONAL IN    COMMON STOCK   438516106       240,428           7,137           X              1     X
INTEL                         COMMON STOCK   458140100     2,941,125          22,000           X              1     X
INTL BUSINESS MACHINES        COMMON STOCK   459200101     1,391,444          12,700           X              1     X
JOHNSON & JOHNSON             COMMON STOCK   478160104     1,120,625          11,000           X              1     X
KEEBLER FOODS CO              COMMON STOCK   487256109       558,212          15,036           X              1     X
KIMBERLY-CLARK                COMMON STOCK   494368103       327,038           5,700           X              1     X
LILLY (ELI)                   COMMON STOCK   532457108       639,200           6,400           X              1     X
LITTON INDUSTRIES             COMMON STOCK   538021106       222,600           5,300           X              1     X
LUCENT TECHNOLOGIES INC       COMMON STOCK   549463107     1,348,530          22,760           X              1     X
MARSH & MC LENNAN             COMMON STOCK   571748102       313,313           3,000           X              1     X
MBNA CORP                     COMMON STOCK   55262L100       208,863           7,700           X              1     X
MCDONALD'S                    COMMON STOCK   580135101       312,906           9,500           X              1     X
MEDTRONICS                    COMMON STOCK   585055106       418,425           8,400           X              1     X
MERCK                         COMMON STOCK   589331107     1,333,275          17,400           X              1     X
MERRILL LYNCH                 COMMON STOCK   590188108       345,000           3,000           X              1     X
MICROSOFT                     COMMON STOCK   594918104     2,896,000          36,200           X              1     X
MINNESOTA MNG & MFG           COMMON STOCK   604059105       255,750           3,100           X              1     X
MORGAN STANLEY DEAN WITTER    COMMON STOCK   617446448       641,025           7,700           X              1     X
MOTOROLA                      COMMON STOCK   620076109       483,920          16,651           X              1     X
NEXTEL COMMUNICATIONS INC     COMMON STOCK   65332V103       275,344           4,500           X              1     X
NORTEL NETWORKS CORP          COMMON STOCK   656568102     1,324,050          19,400           X              1     X
                               FOREIGN
</TABLE>
<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>
OMNICOM GROUP                 COMMON STOCK   681919106       249,375           2,800           X              1     X
ORACLE SYSTEMS                COMMON STOCK   68389X105     1,580,375          18,800           X              1     X
PEPSICO                       COMMON STOCK   713448108       533,250          12,000           X              1     X
PFIZER                        COMMON STOCK   717081103     1,998,000          41,625           X              1     X
PNC FINANCIAL SERVICES GRO    COMMON STOCK   693475105       257,813           5,500           X              1     X
PROCTER & GAMBLE              COMMON STOCK   742718109       538,150           9,400           X              1     X
QUALCOM                       COMMON STOCK   747525103       294,000           4,900           X              1     X
READERS DIGEST                COMMON STOCK   755267101       314,025           7,900           X              1     X
ROYAL DUTCH PETROLEUM         COMMON STOCK   780257804       892,656          14,500           X              1     X
                               FOREIGN
SBC COMMUNICATIONS            COMMON STOCK   78387G103       900,552          20,822           X              1     X
SCHERING-PLOUGH               COMMON STOCK   806605101       651,450          12,900           X              1     X
SCHLUMBERGER                  COMMON STOCK   806857108       216,413           2,900           X              1     X
SCHWAB CHARLES CORP NEW       COMMON STOCK   808513105       300,944           8,950           X              1     X
SEARS ROEBUCK                 COMMON STOCK   812387108       300,150           9,200           X              1     X
SENSORMATIC ELECTRONICS       COMMON STOCK   817265101       167,613          10,600           X              1     X
SPRINT                        COMMON STOCK   852061100       270,300           5,300           X              1     X
SPRINT CORP (PCS GROUP)       COMMON STOCK   852061506       327,250           5,500           X              1     X
STATE STREET CORP             COMMON STOCK   857477103       233,338           2,200           X              1     X
SUN MICROSYSTEMS              COMMON STOCK   866810104       915,559          10,068           X              1     X
TARGET CORP                   COMMON STOCK   87612E106       232,000           4,000           X              1     X
TELLABS                       COMMON STOCK   879664100       266,906           3,900           X              1     X
TEXACO                        COMMON STOCK   881694103       319,500           6,000           X              1     X
TEXAS INSTRUMENTS             COMMON STOCK   882508104       721,219          10,500           X              1     X
TIME WARNER                   COMMON STOCK   887315109       592,800           7,800           X              1     X
TYCO INTERNATIONAL            COMMON STOCK   902124106       540,075          11,400           X              1     X
UNITED TECH                   COMMON STOCK   913017109       270,825           4,600           X              1     X
UNIVISION COMMUNICATION IN    COMMON STOCK   914906102       207,000           2,000           X              1     X
US WEST                       COMMON STOCK   91273H101       248,675           2,900           X              1     X
VERITAS SOFTWARE CORP         COMMON STOCK   923436109       305,142           2,700           X              1     X
VERIZON COMMUNICATIONS        COMMON STOCK   92343V104       482,719           9,500           X              1     X
VIACOM -CL B                  COMMON STOCK   925524308       730,697          10,716           X              1     X
WALGREEN                      COMMON STOCK   931422109       270,375           8,400           X              1     X
WAL-MART STORES               COMMON STOCK   931142103     1,740,275          30,200           X              1     X
WASHINGTON MUTUAL             COMMON STOCK   939322103       233,888           8,100           X              1     X
WELLS FARGO & CO (NEW)        COMMON STOCK   949746101       325,500           8,400           X              1     X
WORLDCOM INC.                 COMMON STOCK   98157D106       812,538          17,712           X              1     X
XILINX, INC.                  COMMON STOCK   983919101       297,225           3,600           X              1     X

ACM GOVT INCOME FD            COMMON STOCK   000912105     1,760,938         245,000           X              1     X
AUSTRALIA & NEW ZEA           REDEEMABLE P/S 052528304       501,250          20,000           X              1     X
BARCLAYS BNK PLC              REDEEMABLE P/S 06738C836     2,790,000         120,000           X              1     X
BETHLEHEM STEEL               REDEEMABLE P/S 087509402       726,750          38,000           X              1     X
ENTERPRISE OIL                REDEEMABLE P/S 293779203     2,431,688          99,000           X              1     X
FIRST UNION                   COMMON STOCK   337358105     1,550,781          62,500           X              1     X
MONY GROUP INC                COMMON STOCK   615337102       155,639           4,603           X              1     X
NATL WESTMINSTER              REDEEMABLE P/S 638539882     1,350,000          60,000           X              1     X
NATL WESTMINSTER              REDEEMABLE P/S 638539700     1,368,750          60,000           X              1     X
ROYAL BANK OF SCOTL           REDEEMABLE P/S 780097705     2,404,438         105,400           X              1     X
WINN-DIXIE STORES             COMMON STOCK   974280109     1,431,250         100,000           X              1     X

SUN CO I                      DEBT           866762AG2     1,837,500       2,100,000           X              1     X

CONTINENTAL AIRLINES CLS B    COMMON STOCK   210795308        17,672             376           X              1     X
CONTINENTAL AIRLINES-CL A     COMMON STOCK   210795209         6,555             138           X              1     X
MCMORAN EXPLORATION CO        COMMON STOCK   582411104         1,023              62           X              1     X
ROYAL BK SCOTLND              REDEEMABLE P/S 780097804       723,938          33,000           X              1     X

</TABLE>



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