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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
- --------------------------------------------------------------------------------
(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 1,652,063 29,700 X 1 X
A D C TELECOM COMMON STOCK 000886101 6,465,000 120,000 X 1 X
A M R COMMON STOCK 001765106 2,384,250 74,800 X 1 X
ABBOTT LABS COMMON STOCK 002824100 5,513,881 156,700 X 1 X
ACXIOM CORP COMMON STOCK 005125109 588,525 17,700 X 1 X
ADAPTEC INC. COMMON STOCK 00651F108 347,625 9,000 X 1 X
ADAPTIVE BROADBAND
CORPORATION COMMON STOCK 00650M104 288,900 5,400 X 1 X
ADELPHIA COMMUNICATIONS NON-REDEEM P/S 006848402 3,065,000 20,000 X 1 X
ADOBE SYSTEMS INC COMMON STOCK 00724F101 1,146,519 10,300 X 1 X
ADVANCED MICRO DEVICES COMMON STOCK 007903107 730,400 12,800 X 1 X
AES CORP COMMON STOCK 00130H105 2,181,375 27,700 X 1 X
AETNA INC COMMON STOCK 008117103 690,525 12,400 X 1 X
AFLAC CORP COMMON STOCK 001055102 1,052,494 23,100 X 1 X
AIR PRODUCTS & CHEMICALS COMMON STOCK 009158106 565,906 19,900 X 1 X
ALBERTSON'S COMMON STOCK 013104104 1,137,173 36,683 X 1 X
ALCAN ALUMINUM COMMON STOCK 013716105 951,888 28,100 X 1 X
ALLEGHENY ENERGY COMMON STOCK 017361106 622,913 22,600 X 1 X
ALLIED WASTE INDUSTRIES INC COMMON STOCK 019589308 107,625 16,400 X 1 X
ALLTEL COMMON STOCK 020039103 5,215,269 82,700 X 1 X
ALTERA COMMON STOCK 021441100 7,398,825 82,900 X 1 X
ALUMINUM CO OF AMERICA COMMON STOCK 013817101 5,247,675 74,700 X 1 X
ALZA CL A COMMON STOCK 022615108 330,550 8,800 X 1 X
AMB PROPERTY CORP COMMON STOCK 00163T109 13,545,000 630,000 X 1 X
AMERADA HESS COMMON STOCK 023551104 510,538 7,900 X 1 X
AMEREN CORPORATION COMMON STOCK 023608102 368,156 11,900 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 41,950,550 623,800 X 1 X
AMERICAN ELEC PWR COMMON STOCK 025537101 500,850 16,800 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 20,151,244 135,300 X 1 X
AMERICAN GENERAL COMMON STOCK 026351106 1,201,075 21,400 X 1 X
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 18,441,637 343,900 X 1 X
AMERICAN INTL COMMON STOCK 026874107 42,297,113 386,275 X 1 X
AMERICAN MANAGEMENT SYSTEMS COMMON STOCK 027352103 337,356 7,700 X 1 X
AMERICAN POWER CONVERSION COMMON STOCK 029066107 3,455,725 80,600 X 1 X
AMERICAN STANDARD COMPANIES COMMON STOCK 029712106 3,933,100 106,300 X 1 X
AMERICREDIT CORP COMMON STOCK 03060R101 184,331 11,300 X 1 X
AMGEN COMMON STOCK 031162100 16,276,650 265,200 X 1 X
AMKOR TECHNOLOGY COMMON STOCK 031652100 2,011,069 37,900 X 1 X
AMLI RESIDENTIAL PROPERTIES NON-REDEEM P/S 001735109 10,250,000 500,000 X 1 X
AMSOUTH COMMON STOCK 032165102 505,634 33,850 X 1 X
ANADARKO PETROLEUM COMMON STOCK 032511107 425,563 11,000 X 1 X
ANALOG DEVICES COMMON STOCK 032654105 12,672,481 157,300 X 1 X
AON COMMON STOCK 037389103 714,338 22,150 X 1 X
APACHE COMMON STOCK 037411105 1,582,050 31,800 X 1 X
APACHE CORP NON-REDEEM P/S 037411600 1,012,500 22,500 X 1 X
APARTMENT INVT & MGMT CO CL A COMMON STOCK 03748R101 11,456,250 300,000 X 1 X
APPLE COMPUTER COMMON STOCK 037833100 3,897,819 28,700 X 1 X
APPLIED MATERIALS COMMON STOCK 038222105 12,458,719 132,188 X 1 X
APPLIED MICRO CIRCUITS CORP COMMON STOCK 03822W109 1,410,588 9,400 X 1 X
ARCHER-DANIELS-MIDLAND COMMON STOCK 039483102 545,673 52,595 X 1 X
ARCHSTONE COMMUNITIES TRUST COMMON STOCK 039581103 66,221,649 3,321,462 X 1 X
ARDEN REALTY INC COMMON STOCK 039793104 5,218,750 250,000 X 1 X
ASHLAND INC. COMMON STOCK 044204105 207,313 6,200 X 1 X
ASPECT COMMUNICATIONS COMMON STOCK 04523Q102 263,144 7,100 X 1 X
ASSOCIATES FIRST CAPITAL CRP COMMON STOCK 046008108 9,401,459 438,552 X 1 X
AT & T COMMON STOCK 001957109 41,477,119 737,371 X 1 X
AT&T CORP - LIBERTY MEDIA -A COMMON STOCK 001957208 4,224,525 71,300 X 1 X
ATLANTIC RICHFIELD COMMON STOCK 048825103 5,380,500 63,300 X 1 X
ATMEL CORP COMMON STOCK 049513104 5,353,513 103,700 X 1 X
AUTODESK COMMON STOCK 052769106 241,150 5,300 X 1 X
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 1,524,700 31,600 X 1 X
AUTOZONE INC COMMON STOCK 053332102 333,000 12,000 X 1 X
AVALON BAY COMMUNITIES, COMMON STOCK 053484101 34,887,803 952,568 X 1 X
AVON PRODUCTS COMMON STOCK 054303102 610,313 21,000 X 1 X
BAKER HUGHES COMMON STOCK 057224107 3,614,875 119,500 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 22,354,473 426,307 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 15,843,625 381,200 X 1 X
BANK ONE CORPORATION COMMON STOCK 06423A103 10,346,875 301,000 X 1 X
BARRICK GOLD COMMON STOCK 067901108 782,806 49,900 X 1 X
BAXTER INTL COMMON STOCK 071813109 4,670,219 74,500 X 1 X
BB&T CORPORATION COMMON STOCK 054937107 844,681 30,100 X 1 X
BEAR STEARNS COMMON STOCK 073902108 446,395 9,784 X 1 X
BECTON DICKINSON COMMON STOCK 075887109 573,613 21,800 X 1 X
BED BATH & BEYOND INC COMMON STOCK 075896100 480,375 12,200 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 21,295,950 348,400 X 1 X
BELLSOUTH COMMON STOCK 079860102 20,144,200 428,600 X 1 X
BEST BUY COMMON STOCK 086516101 3,517,400 40,900 X 1 X
BESTFOODS INC COMMON STOCK 08658U101 1,132,863 24,200 X 1 X
BETHLEHEM STEEL COMMON STOCK 087509105 68,400 11,400 X 1 X
BF GOODRICH COMMON STOCK 382388106 272,531 9,500 X 1 X
BIOGEN COMMON STOCK 090597105 908,375 13,000 X 1 X
BISYS GROUP COMMON STOCK 055472104 325,850 4,900 X 1 X
BJ SERVICES COMMON STOCK 055482103 20,027,513 271,100 X 1 X
BLACK & DECKER COMMON STOCK 091797100 281,719 7,500 X 1 X
BLOCK (H & R) COMMON STOCK 093671105 380,375 8,500 X 1 X
BMC SOFTWARE COMMON STOCK 055921100 1,046,750 21,200 X 1 X
BOEING COMMON STOCK 097023105 8,837,313 232,944 X 1 X
BOSTON PROPERTIES INC COMMON STOCK 101121101 7,953,125 250,000 X 1 X
BOSTON SCIENTIFIC CORP COMMON STOCK 101137107 765,119 35,900 X 1 X
BOWATER COMMON STOCK 102183100 4,189,938 78,500 X 1 X
BRADLEY REAL ESTATE SERIES A NON-REDEEM P/S 104580204 1,232,438 63,000 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 28,736,400 497,600 X 1 X
BROADWING INC COMMON STOCK 111620100 6,664,000 179,200 X 1 X
BURLINGTON NORTHERN COMMON STOCK 12189T104 876,150 39,600 X 1 X
BURLINGTON RESOURCES COMMON STOCK 122014103 7,925,400 214,200 X 1 X
BURR BROWN COMMON STOCK 122574106 485,297 8,925 X 1 X
C I G N A COMMON STOCK 125509109 2,514,900 33,200 X 1 X
C M S ENERGY COMMON STOCK 125896100 181,250 10,000 X 1 X
C S X COMMON STOCK 126408103 444,150 18,900 X 1 X
C T S COMMON STOCK 126501105 267,900 4,700 X 1 X
CABLETRON COMMON STOCK 126920107 776,781 26,500 X 1 X
CALLON PETRO CO CONVERTIBLE NON-REDEEM P/S 13123X201 638,438 22,500 X 1 X
CAMPBELL SOUP COMMON STOCK 134429109 1,134,675 36,900 X 1 X
CAPITAL ONE FINANCIAL COMMON STOCK 14040H105 819,731 17,100 X 1 X
CARDINAL HEALTH COMMON STOCK 14149Y108 2,344,213 51,100 X 1 X
CARNIVAL CRUISE LINES COMMON STOCK 143658102 1,324,988 53,400 X 1 X
CAROLINA PWR & LT COMMON STOCK 144141108 1,689,994 52,100 X 1 X
CASEYS GENERAL STORES COMMON STOCK 147528103 112,013 10,300 X 1 X
CATALINA MARKETING COMMON STOCK 148867104 334,125 3,300 X 1 X
CATERPILLAR COMMON STOCK 149123101 4,878,419 123,700 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 9,881,063 174,500 X 1 X
C-CUBE MICROSYSTEMS INC COMMON STOCK 125015107 487,844 6,700 X 1 X
CENDANT COPORATION COMMON STOCK 151313103 4,373,400 236,400 X 1 X
CENTRAL & SOUTH WEST COMMON STOCK 152357109 313,950 18,400 X 1 X
CENTURA BANKS COMMON STOCK 15640T100 224,481 4,900 X 1 X
CENTURYTEL INC COMMON STOCK 156700106 449,213 12,100 X 1 X
CERIDIAN CORP COMMON STOCK 15677T106 239,844 12,500 X 1 X
CHAMPION INTL COMMON STOCK 158525105 1,528,275 28,700 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 16,934,603 194,232 X 1 X
CHEVRON COMMON STOCK 166751107 9,946,275 107,600 X 1 X
CHIQUITA BRANDS COMMON STOCK 170032106 54,625 11,500 X 1 X
CHIRON COMMON STOCK 170040109 3,526,163 70,700 X 1 X
CHUBB COMMON STOCK 171232101 1,026,950 15,200 X 1 X
CINERGY COMMON STOCK 172474108 1,487,800 69,200 X 1 X
CINTAS COMMON STOCK 172908105 6,426,750 164,000 X 1 X
CIRCUIT CITY STORES COMMON STOCK 172737108 2,343,688 38,500 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 133,217,169 1,723,100 X 1 X
CITIGROUP INC COMMON STOCK 172967101 44,728,861 754,122 X 1 X
CITRIX SYSTEMS INC COMMON STOCK 177376100 1,026,875 15,500 X 1 X
CITY NATIONAL COMMON STOCK 178566105 3,971,756 117,900 X 1 X
CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 6,726,688 97,400 X 1 X
CLOROX COMMON STOCK 189054109 666,250 20,500 X 1 X
CNF TRANSPORTATION COMMON STOCK 12612W104 2,147,850 77,400 X 1 X
CNF TRUST I 5% SERIES A REDEEMABLE P/S 12612V205 2,018,750 47,500 X 1 X
COASTAL COMMON STOCK 190441105 851,000 18,500 X 1 X
COCA-COLA COMMON STOCK 191216100 23,914,656 509,500 X 1 X
COCA-COLA ENTERPRISES COMMON STOCK 191219104 795,656 36,900 X 1 X
COGNEX CORP COMMON STOCK 192422103 403,813 7,000 X 1 X
COHERENT COMMON STOCK 192479103 249,600 4,800 X 1 X
COLGATE-PALMOLIVE COMMON STOCK 194162103 6,967,950 123,600 X 1 X
COLUMBIA ENERGY GROUP COMMON STOCK 197648108 414,750 7,000 X 1 X
COLUMBIA HEALTHCARE COMMON STOCK 197677107 2,913,469 115,100 X 1 X
COMCAST CLASS A SPECIAL COMMON STOCK 200300200 8,085,100 186,400 X 1 X
COMDISCO COMMON STOCK 200336105 3,177,000 72,000 X 1 X
COMERICA COMMON STOCK 200340107 565,313 13,500 X 1 X
COMMERCIAL FEDERAL CORP COMMON STOCK 201647104 174,563 10,500 X 1 X
COMMSCOPE INC COMMON STOCK 203372107 1,350,500 29,600 X 1 X
COMPAQ COMPUTER COMMON STOCK 204493100 5,231,813 196,500 X 1 X
COMPUTER ASSOCIATES INTL COMMON STOCK 204912109 8,268,494 139,700 X 1 X
COMPUTER SCIENCES COMMON STOCK 205363104 1,147,313 14,500 X 1 X
COMPUWARE COMMON STOCK 205638109 657,150 31,200 X 1 X
COMVERSE TECHNOLOGY COMMON STOCK 205862402 8,580,600 45,400 X 1 X
CONAGRA COMMON STOCK 205887102 773,938 42,700 X 1 X
CONSECO COMMON STOCK 208464107 323,681 28,300 X 1 X
CONSOLIDATED EDISON COMMON STOCK 209115104 2,305,500 79,500 X 1 X
CONSOLIDATED STORES COMMON STOCK 210149100 1,796,113 157,900 X 1 X
CONSTELLATION ENERGY GROUP COMMON STOCK 210371100 2,833,688 88,900 X 1 X
CONVERGYS CORP COMMON STOCK 212485106 2,811,900 72,800 X 1 X
COOPER CAMERON CORP COMMON STOCK 216640102 909,500 13,600 X 1 X
COOPER INDUSTRIES COMMON STOCK 216669101 287,000 8,200 X 1 X
COR THERAPEUTICS INC COMMON STOCK 217753102 270,280 4,100 X 1 X
CORNING COMMON STOCK 219350105 20,564,000 106,000 X 1 X
COSTO WHOLESALE CORP COMMON STOCK 22160K105 5,829,181 110,900 X 1 X
COUNTRYWIDE CREDIT INDUSTRIES COMMON STOCK 222372104 267,050 9,800 X 1 X
COX COMMUNICATIONS REDEEMABLE P/S 224044503 7,683,500 63,500 X 1 X
CREDENCE SYS CORP COMMON STOCK 225302108 1,251,250 10,000 X 1 X
CROWN CORK & SEAL COMMON STOCK 228255105 179,200 11,200 X 1 X
CULLEN FROST BANKERS COMMON STOCK 229899109 251,156 9,500 X 1 X
CVS CORP COMMON STOCK 126650100 1,273,369 33,900 X 1 X
CYPRESS SEMICONDUCTOR COMMON STOCK 232806109 3,077,100 62,400 X 1 X
DALLAS SEMICONDUCTOR COMMON STOCK 235204104 358,275 10,200 X 1 X
DANA COMMON STOCK 235811106 403,081 14,300 X 1 X
DARDEN RESTAURANTS COMMON STOCK 237194105 197,719 11,100 X 1 X
DEERE COMMON STOCK 244199105 2,409,200 63,400 X 1 X
DELL COMPUTER COMMON STOCK 247025109 28,689,356 531,900 X 1 X
DELPHI AUTOMOTIVE SYSTEMS COMMON STOCK 247126105 2,623,104 163,944 X 1 X
DELTA AIR LINES COMMON STOCK 247361108 596,400 11,200 X 1 X
DETROIT EDISON COMMON STOCK 233331107 788,800 27,200 X 1 X
DEVELOPERS DIVER REALTY CORP COMMON STOCK 251591103 2,775,000 200,000 X 1 X
DIEBOLD COMMON STOCK 253651103 860,750 31,300 X 1 X
DIGITAL MICROWAVE CORP COMMON STOCK 253859102 379,400 11,200 X 1 X
DISNEY (WALT) COMMON STOCK 254687106 23,310,675 563,400 X 1 X
DOLLAR GENERAL COMMON STOCK 256669102 614,094 22,850 X 1 X
DOMINION RESOURCES COMMON STOCK 25746U109 791,813 20,600 X 1 X
DONNELLEY & SONS COMMON STOCK 257867101 230,313 11,000 X 1 X
DOVER COMMON STOCK 260003108 842,600 17,600 X 1 X
DOW CHEMICAL COMMON STOCK 260543103 3,226,200 28,300 X 1 X
DOW JONES COMMON STOCK 260561105 560,138 7,800 X 1 X
DU PONT DE NEMOURS COMMON STOCK 263534109 12,206,987 230,865 X 1 X
DUKE ENERGY CORP COMMON STOCK 264399106 8,211,000 156,400 X 1 X
DUKE-WEEKS REALTY CORP. COMMON STOCK 264411505 7,650,000 400,000 X 1 X
DUN & BRADSTREET CORP COMMON STOCK 26483B106 397,888 13,900 X 1 X
E M C COMMON STOCK 268648102 31,543,750 252,350 X 1 X
EASTMAN CHEMICAL COMMON STOCK 277432100 309,400 6,800 X 1 X
EASTMAN KODAK COMMON STOCK 277461109 1,482,731 27,300 X 1 X
EATON COMMON STOCK 278058102 1,450,800 18,600 X 1 X
EATON VANCE CORP COMMON STOCK 278265103 236,156 5,500 X 1 X
ECOLAB COMMON STOCK 278865100 410,900 11,200 X 1 X
EDISON INTL COMMON STOCK 281020107 498,531 30,100 X 1 X
EDWARDS (AG) COMMON STOCK 281760108 1,988,000 49,700 X 1 X
EG & G COMMON STOCK 714046109 272,650 4,100 X 1 X
EL PASO ENERGY CAPITAL NON-REDEEM P/S 283678209 1,916,250 36,500 X 1 X
EL PASO ENERGY CORP DELAWARE COMMON STOCK 283905107 6,456,286 159,908 X 1 X
ELECTRO SCIENTIFIC COMMON STOCK 285229100 237,800 4,100 X 1 X
ELECTRONIC ARTS COMMON STOCK 285512109 1,914,944 26,900 X 1 X
ELECTRONIC DATA SYSTEMS COMMON STOCK 285661104 10,225,069 159,300 X 1 X
EMERSON ELEC COMMON STOCK 291011104 3,532,050 66,800 X 1 X
ENERGY EAST CORPORATION COMMON STOCK 29266M109 1,202,619 60,700 X 1 X
ENGELHARD COMMON STOCK 292845104 164,863 10,900 X 1 X
ENRON COMMON STOCK 293561106 19,280,313 257,500 X 1 X
ENRON CORP CONVERTIBLE 7.00% NON-REDEEM P/S 293561882 1,908,406 86,500 X 1 X
ENTERGY COMMON STOCK 29364G103 432,013 21,400 X 1 X
ENZO BIOCHEM COMMON STOCK 294100102 289,755 4,110 X 1 X
EQUIFAX COMMON STOCK 294429105 310,575 12,300 X 1 X
EQUITY OFFICE PROPERTIES COMMON STOCK 294741103 90,778,585 3,613,078 X 1 X
EQUITY RESIDENTIAL PROP TR COMMON STOCK 29476L107 7,752,169 192,900 X 1 X
ETHAN ALLEN INTERIORS COMMON STOCK 297602104 1,217,500 48,700 X 1 X
EVEREST RE GROUP LTD COMMON STOCK G3223R108 4,877,438 149,500 X 1 X
EVI INC., 5.0%, REDEEMABLE P/S 268939204 2,887,500 60,000 X 1 X
EXCEL LEGACY CORPORATION NON-REDEEM P/S 300665106 6,750,000 2,000,000 X 1 X
EXPEDITORS INTL WASHINGTON COMMON STOCK 302130109 341,850 8,600 X 1 X
EXXON COMMON STOCK 30231G102 56,931,827 731,654 X 1 X
F M C COMMON STOCK 302491303 2,214,800 39,200 X 1 X
F P L GROUP COMMON STOCK 302571104 713,969 15,500 X 1 X
FANNIE MAE REDEEMABLE P/S 313586703 25,000,000 500,000 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 14,188,388 251,400 X 1 X
FEDERAL REALTY INVEST. TRUST COMMON STOCK 313747206 1,902,281 98,500 X 1 X
FEDERATED DEPARTMENT STORES COMMON STOCK 31410H101 2,275,375 54,500 X 1 X
FEDEX CORP COMMON STOCK 31428X106 3,022,500 77,500 X 1 X
FIDELITY NAT FINL CORP COMMON STOCK 316326107 146,413 10,600 X 1 X
FIFTH THIRD BANCORP COMMON STOCK 316773100 8,360,100 132,700 X 1 X
FINANCIAL SELECT SECDTOR SPR COMMON STOCK 81369Y605 11,014,156 453,900 X 1 X
FIRST AMERICAN FINL CORP COMMON STOCK 318522307 148,259 10,450 X 1 X
FIRST DATA COMMON STOCK 319963104 1,606,275 36,300 X 1 X
FIRST UNION COMMON STOCK 337358105 3,188,600 85,600 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 10,078,738 439,400 X 1 X
FIRSTENERGY CORP COMMON STOCK 337932107 416,625 20,200 X 1 X
FISERV INC. COMMON STOCK 337738108 2,895,047 77,850 X 1 X
FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 9,646,366 264,284 X 1 X
FLORIDA PROGRESS COMMON STOCK 341109106 389,938 8,500 X 1 X
FLUOR COMMON STOCK 343861100 204,600 6,600 X 1 X
FORD MOTOR COMMON STOCK 345370100 14,484,094 315,300 X 1 X
FOREST LABS COMMON STOCK 345838106 9,548,500 113,000 X 1 X
FRANKLIN RESOURCES COMMON STOCK 354613101 718,906 21,500 X 1 X
FREDDIE MAC COMMON STOCK 313400301 8,201,200 185,600 X 1 X
FREEPORT MCMORAN B COMMON STOCK 35671D857 2,874,494 238,300 X 1 X
FREMONT GENERAL CORP COMMON STOCK 357288109 73,031 12,300 X 1 X
G T E COMMON STOCK 362320103 17,018,700 239,700 X 1 X
GALLAGHER (ARTHUR J & CO) COMMON STOCK 363576109 224,250 6,900 X 1 X
GANNETT COMMON STOCK 364730101 1,696,038 24,100 X 1 X
GAP STORES COMMON STOCK 364760108 9,501,734 190,750 X 1 X
GATEWAY INC COMMON STOCK 367626108 1,452,200 27,400 X 1 X
GENERAL DYNAMICS COMMON STOCK 369550108 865,650 17,400 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 115,583,650 744,800 X 1 X
GENERAL GROWTH PROPERTIES COMMON STOCK 370021107 8,583,375 282,000 X 1 X
GENERAL MILLS COMMON STOCK 370334104 2,182,106 60,300 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 17,423,750 210,400 X 1 X
GENTEX CORP COMMON STOCK 371901109 466,987 12,600 X 1 X
GENUINE PARTS COMMON STOCK 372460105 367,675 15,400 X 1 X
GEORGIA PACIFIC GROUP COMMON STOCK 373298108 3,043,800 71,200 X 1 X
GEORGIA-PACIFIC COMMON STOCK 373298108 1,230,394 31,100 X 1 X
GILLETTE COMMON STOCK 375766102 4,741,088 125,800 X 1 X
GLOBAL CROSSING CUM CONV NON-REDEEM P/S 37932J301 2,427,500 10,000 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 6,442,713 253,900 X 1 X
GOLDEN WEST FINL COMMON STOCK 381317106 436,625 14,000 X 1 X
GOODYEAR TIRE & RUBBER COMMON STOCK 382550101 314,719 13,500 X 1 X
GPU INC COMMON STOCK 36225X100 292,913 10,700 X 1 X
GRAINGER COMMON STOCK 384802104 25,014,675 461,100 X 1 X
GUIDANT COMMON STOCK 401698105 1,564,413 26,600 X 1 X
HALLIBURTON COMMON STOCK 406216101 3,530,100 86,100 X 1 X
HANOVER COMPRESSOR CO REDEEMABLE P/S 41076M203 1,523,938 18,500 X 1 X
HARBINGER CORP COMMON STOCK 41145C103 200,963 6,900 X 1 X
HARCOURT GENERAL COMMON STOCK 41163G101 230,950 6,200 X 1 X
HARLEY DAVIDSON COMMON STOCK 412822108 1,039,813 13,100 X 1 X
HARRAH'S ENTERTAINMENT COMMON STOCK 413619107 206,044 11,100 X 1 X
HARRIS COMMON STOCK 413875105 936,644 27,100 X 1 X
HARTFORD FINANCIAL SERVICES COMMON STOCK 416515104 1,012,800 19,200 X 1 X
HASBRO COMMON STOCK 418056107 278,025 16,850 X 1 X
HEALTH CARE PROPERTY COMMON STOCK 421915109 1,017,500 40,000 X 1 X
HEALTHSOUTH COMMON STOCK 421924101 186,344 33,500 X 1 X
HEINZ COMMON STOCK 423074103 1,070,663 30,700 X 1 X
HENRY JACK & ASSOCIATES COMMON STOCK 426281101 247,063 6,700 X 1 X
HERSHEY FOODS COMMON STOCK 427866108 585,000 12,000 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 31,125,675 234,800 X 1 X
HILTON HOTELS COMMON STOCK 432848109 248,000 32,000 X 1 X
HNC SOFTWARE COMMON STOCK 40425P107 302,663 4,200 X 1 X
HOME DEPOT COMMON STOCK 437076102 33,971,957 526,697 X 1 X
HOMESTAKE MINING COMMON STOCK 437614100 277,200 46,200 X 1 X
HONEYWELL INTERNATIONAL INC COMMON STOCK 438516106 10,455,202 198,438 X 1 X
HOUSEHOLD INTL COMMON STOCK 441815107 4,011,094 107,500 X 1 X
HOUSTON INDS INC. 7% NON-REDEEM P/S 442161204 15,900,000 100,000 X 1 X
HUBBELL, CL B COMMON STOCK 443510201 7,040,850 257,200 X 1 X
HUMANA COMMON STOCK 444859102 106,031 14,500 X 1 X
HUNTINGTON BANCSHARES COMMON STOCK 446150104 442,354 19,770 X 1 X
ICN PHARMACEUTICALS COMMON STOCK 448924100 4,455,375 163,500 X 1 X
IKON OFFICE SOLUTIONS COMMON STOCK 451713101 80,438 13,000 X 1 X
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,861,950 51,800 X 1 X
IMS HEALTH INC COMMON STOCK 449934108 452,231 26,700 X 1 X
INCO COMMON STOCK 453258402 611,638 33,400 X 1 X
INGERSOLL-RAND COMMON STOCK 456866102 1,557,600 35,200 X 1 X
INSURANCE AUTO AUCTIONS,INC COMMON STOCK 457875102 28,130,625 1,667,000 X 1 X
INTEL COMMON STOCK 458140100 103,346,644 783,300 X 1 X
INTERIM SERVICES INC COMMON STOCK 45868P100 219,038 11,800 X 1 X
INTERMEDIA COMMUNICATIONS COMMON STOCK 458801107 372,055 7,701 X 1 X
INTERNATIONAL RECTIFIER CORP COMMON STOCK 460254105 362,188 9,500 X 1 X
INTERPUBLIC GROUP OF COS COMMON STOCK 460690100 5,608,575 118,700 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 47,282,600 400,700 X 1 X
INTL FLAVORS & FRAGRANCES COMMON STOCK 459506101 319,069 9,100 X 1 X
INTL PAPER COMMON STOCK 460146103 1,534,640 35,898 X 1 X
INTUIT INC COMMON STOCK 461202103 4,208,625 77,400 X 1 X
ITT COMMON STOCK 450911102 236,075 7,600 X 1 X
IVAX CORP COMMON STOCK 465823102 4,877,750 179,000 X 1 X
JABIL CIRCUIT INC COMMON STOCK 466313103 2,508,500 58,000 X 1 X
JACOBS ENGINEERING GRP COMMON STOCK 469814107 2,618,700 81,200 X 1 X
JAMES RIVER COMMON STOCK 347471104 411,400 18,700 X 1 X
JEFFERSON-PILOT COMMON STOCK 475070108 605,719 9,100 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 21,313,012 304,200 X 1 X
JOHNSON CONTROLS COMMON STOCK 478366107 1,108,281 20,500 X 1 X
JONES PHARMA COMMON STOCK 480236108 342,478 11,275 X 1 X
K MART COMMON STOCK 482584109 408,813 42,200 X 1 X
KANSAS CITY SOUTHERN COMMON STOCK 485170104 2,569,531 29,900 X 1 X
KEANE CORP COMMON STOCK 486665102 772,650 30,600 X 1 X
KEEBLER FOODS CO COMMON STOCK 487256109 760,219 26,500 X 1 X
KELLOGG COMMON STOCK 487836108 899,438 35,100 X 1 X
KEMET CORP COMMON STOCK 488360108 430,100 6,800 X 1 X
KERR-MCGEE COMMON STOCK 492386107 1,484,175 25,700 X 1 X
KEYCORP COMMON STOCK 493267108 735,300 38,700 X 1 X
KEYSTONE FINANCIAL INC COMMON STOCK 493482103 3,004,313 163,500 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 12,980,800 231,800 X 1 X
KIMCO REALTY CORP COMMON STOCK 49446R109 7,500,000 200,000 X 1 X
KLA-TENCOR CORP COMMON STOCK 482480100 3,142,525 37,300 X 1 X
KMART FINANCING 7.75% REDEEMABLE P/S 498778208 1,076,563 25,000 X 1 X
KNIGHT-RIDDER COMMON STOCK 499040103 371,844 7,300 X 1 X
KOHLS CORP COMMON STOCK 500255104 1,445,250 14,100 X 1 X
KOMAG INC COMMON STOCK 500453105 37,969 10,000 X 1 X
KROGER COMMON STOCK 501044101 1,269,769 72,300 X 1 X
KULICKE & SOFFA INDUSTRIES COMMON STOCK 501242101 275,469 4,300 X 1 X
L S I LOGIC COMMON STOCK 502161102 11,351,288 156,300 X 1 X
LANDS' END COMMON STOCK 515086106 2,257,050 36,700 X 1 X
LATTICE SEMICONDUCTOR COMMON STOCK 518415104 582,113 8,600 X 1 X
LEGATO SYS INC COMMON STOCK 524651106 1,606,500 36,000 X 1 X
LEGG MASON COMMON STOCK 524901105 5,155,400 119,200 X 1 X
LEGGETT & PLATT COMMON STOCK 524660107 365,500 17,000 X 1 X
LEHMAN BROS HOLDING COMMON STOCK 524908100 1,008,800 10,400 X 1 X
LEXMARK INT'L GROUP A COMMON STOCK 529771107 2,897,550 27,400 X 1 X
LILLY (ELI) COMMON STOCK 532457108 18,247,572 289,644 X 1 X
LIMITED COMMON STOCK 532716107 782,640 18,579 X 1 X
LINCOLN NATIONAL COMMON STOCK 534187109 4,770,400 142,400 X 1 X
LINEAR TECH COMMON STOCK 535678106 1,655,500 30,100 X 1 X
LINENS 'N THINGS INC COMMON STOCK 535679104 229,475 6,700 X 1 X
LOCKHEED MARTIN COMMON STOCK 539830109 701,006 34,300 X 1 X
LOWE'S COMMON STOCK 548661107 8,230,875 141,000 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 41,713,562 686,643 X 1 X
MACERICH COMPANY COMMON STOCK 554382101 5,508,938 267,100 X 1 X
MACK-CALI REALTY CORP COMMON STOCK 554489104 7,012,500 275,000 X 1 X
MANUFACTURED HOME COMMUNITIES COMMON STOCK 564682102 14,249,648 616,201 X 1 X
MARCHFIRST INC COMMON STOCK 566244109 767,281 21,500 X 1 X
MARRIOTT INTERNATIONAL INC COMMON STOCK 571903202 680,400 21,600 X 1 X
MARSH & MC LENNAN COMMON STOCK 571748102 10,225,969 92,700 X 1 X
MASCO COMMON STOCK 574599106 793,350 38,700 X 1 X
MATTEL COMMON STOCK 577081102 380,969 36,500 X 1 X
MAXIM INTEGRATED PRODUCTS COMMON STOCK 57772K101 6,331,669 89,100 X 1 X
MAY DEPARTMENT STORES COMMON STOCK 577778103 820,800 28,800 X 1 X
MAYTAG COMMON STOCK 578592107 241,813 7,300 X 1 X
MBNA CORP COMMON STOCK 55262L100 4,184,550 164,100 X 1 X
MCDONALD'S COMMON STOCK 580135101 11,779,600 313,600 X 1 X
MCGRAW-HILL COMMON STOCK 580645109 773,500 17,000 X 1 X
MCI WORLDCOM INC COMMON STOCK 55268B106 28,951,153 638,922 X 1 X
MCKESSON HBOC INC COMMON STOCK 58155Q103 512,400 24,400 X 1 X
MCLEOD INC -CL A COMMON STOCK 582266102 7,228,315 85,227 X 1 X
MEAD COMMON STOCK 582834107 310,944 8,900 X 1 X
MEDIAONE GROUP COMMON STOCK 58440J104 5,232,600 64,600 X 1 X
MEDIMMUNE INC COMMON STOCK 584699102 9,176,388 52,700 X 1 X
MEDTRONICS COMMON STOCK 585055106 11,907,781 231,500 X 1 X
MELLON BANK COMMON STOCK 58551A108 1,300,950 44,100 X 1 X
MENS WEARHOUSE COMMON STOCK 587118100 1,627,894 54,950 X 1 X
MERCK COMMON STOCK 589331107 31,267,512 503,300 X 1 X
MERCURY INTERACTIVE CORP. COMMON STOCK 589405109 990,625 12,500 X 1 X
MERISTAR HOSPITALITY CORP COMMON STOCK 58984Y103 1,534,500 88,000 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 11,161,500 106,300 X 1 X
METHODE ELECTRONICS CLASS A COMMON STOCK 591520200 323,200 6,400 X 1 X
MGIC INVESTMENT COMMON STOCK 552848103 1,478,888 33,900 X 1 X
MICHAEL'S STORES INC COMMON STOCK 594087108 207,825 5,100 X 1 X
MICREL INC COMMON STOCK 594793101 672,000 7,000 X 1 X
MICROCHIP TECHNOLOGY INC COMMON STOCK 595017104 2,353,850 35,800 X 1 X
MICRON TECH COMMON STOCK 595112103 5,246,640 41,640 X 1 X
MICROSOFT COMMON STOCK 594918104 131,558,750 1,238,200 X 1 X
MILLIPORE COMMON STOCK 601073109 220,106 3,900 X 1 X
MILLS CORP COMMON STOCK 601148109 2,700,000 150,000 X 1 X
MINNESOTA MNG & MFG COMMON STOCK 604059105 4,764,663 53,800 X 1 X
MIRAGE RESORTS COMMON STOCK 60462E104 323,563 16,700 X 1 X
MOLEX COMMON STOCK 608554101 998,750 17,000 X 1 X
MONSANTO COMMON STOCK 611662107 3,826,450 74,300 X 1 X
MONTANA PWR COMMON STOCK 612085100 2,835,200 44,300 X 1 X
MORGAN (J.P.) COMMON STOCK 616880100 1,976,250 15,000 X 1 X
MORGAN STANLEY DEAN COMMON STOCK 617446448 17,960,062 220,200 X 1 X
MORRISON KNUDSEN CORP COMMON STOCK 61844A109 85,550 11,600 X 1 X
MOTOROLA COMMON STOCK 620076109 29,993,002 210,662 X 1 X
MUELLER INDUSTRIES INC COMMON STOCK 624756102 209,587 6,900 X 1 X
NABISCO GROUP HOLDINGS COMMON STOCK 62952P102 339,600 28,300 X 1 X
NABORS INDUSTRIES COMMON STOCK 629568106 9,391,267 241,965 X 1 X
NATIONAL CITY COMMON STOCK 635405103 1,101,375 53,400 X 1 X
NATIONAL INSTRUMENTS CORP COMMON STOCK 636518102 403,663 8,600 X 1 X
NATIONAL SEMICONDUCTOR COMMON STOCK 637640103 903,313 14,900 X 1 X
NATIONWIDE FINANCIAL COMMON STOCK 638612101 5,054,400 172,800 X 1 X
NATL COMPUTER SYSTEMS COMMON STOCK 635519101 299,425 5,900 X 1 X
NAVISTAR INTL COMMON STOCK 63934E108 2,692,388 67,100 X 1 X
NBTY INC COMMON STOCK 628782104 150,563 11,000 X 1 X
NCR CORP COMMON STOCK 62886E108 337,050 8,400 X 1 X
NETWORK ASSOCIATES INC COMMON STOCK 640938106 1,918,875 59,500 X 1 X
NEW CENTURY ENERGIES INC COMMON STOCK 64352U103 300,625 10,000 X 1 X
NEW YORK TIMES COMMON STOCK 650111107 12,580,688 293,000 X 1 X
NEWELL RUBBERMAID INC COMMON STOCK 651229106 604,656 24,369 X 1 X
NEWFIELD EXPLORATION CORP COMMON STOCK 651290108 243,225 6,900 X 1 X
NEWMONT MINING COMMON STOCK 651639106 2,234,775 99,600 X 1 X
NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 11,726,575 79,100 X 1 X
NIAGARA MOHAWK HOLDINGS INC COMMON STOCK 653520106 2,951,100 218,600 X 1 X
NIKE CL B COMMON STOCK 654106103 947,038 23,900 X 1 X
NORDSTROM COMMON STOCK 655664100 345,150 11,700 X 1 X
NORFOLK SOUTHERN COMMON STOCK 655844108 475,813 33,100 X 1 X
NORTEL NETWORKS CORP COMMON STOCK 656569100 51,672,600 410,100 X 1 X
NORTHERN STATES PWR COMMON STOCK 665772109 266,325 13,400 X 1 X
NORTHERN TRUST COMMON STOCK 665859104 8,600,706 127,300 X 1 X
NORTHROP GRUMMAN COMMON STOCK 666807102 2,975,088 56,200 X 1 X
NORTHWESTERN COMMON STOCK 668074107 78,375 3,800 X 1 X
NOVELL COMMON STOCK 670006105 810,088 28,300 X 1 X
NOVELLUS SYSTEM INC COMMON STOCK 670008101 1,773,550 31,600 X 1 X
NUCOR COMMON STOCK 670346105 1,635,000 32,700 X 1 X
NUVEEN MUNI VALUE FUND COMMON STOCK 670928100 27,988,875 3,317,200 X 1 X
OCCIDENTAL PETROLEUM COMMON STOCK 674599105 659,850 31,800 X 1 X
OFFICE DEPOT INC COMMON STOCK 676220106 329,531 28,500 X 1 X
OLD KENT FINANCIAL COMMON STOCK 679833103 342,513 10,600 X 1 X
OM GROUP INC COMMON STOCK 670872100 200,200 4,400 X 1 X
OMNICOM GROUP COMMON STOCK 681919106 6,381,781 68,300 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 55,135,544 706,300 X 1 X
OWENS-ILLINOIS COMMON STOCK 690768403 219,375 13,000 X 1 X
P P G INDUSTRIES COMMON STOCK 693506107 1,443,825 27,600 X 1 X
PACCAR COMMON STOCK 693718108 340,000 6,800 X 1 X
PAINE WEBBER GROUP COMMON STOCK 695629105 545,600 12,400 X 1 X
PARAMETRIC TECHNOLOGY CORP COMMON STOCK 699173100 501,288 23,800 X 1 X
PARKER-HANNIFIN COMMON STOCK 701094104 1,507,906 36,500 X 1 X
PATTERSON DENTAL CO COMMON STOCK 703412106 219,938 5,750 X 1 X
PAYCHEX COMMON STOCK 704326107 1,118,206 21,350 X 1 X
P-COM INC COMMON STOCK 693262107 194,250 10,500 X 1 X
PE CORP - PE BIOSYSTEMS GROUP COMMON STOCK 69332S102 1,727,350 17,900 X 1 X
PECO ENERGY CO COMMON STOCK 693304107 3,713,313 100,700 X 1 X
PENNEY (J.C.) COMMON STOCK 708160106 336,175 22,600 X 1 X
PEOPLESOFT INC COMMON STOCK 712713106 466,000 23,300 X 1 X
PEPSICO COMMON STOCK 713448108 12,235,125 354,000 X 1 X
PFIZER COMMON STOCK 717081103 27,963,000 764,800 X 1 X
PG & E CORP COMMON STOCK 69331C108 699,300 33,300 X 1 X
PHARMACIA & UPJOHN INC COMMON STOCK 716941109 5,048,100 85,200 X 1 X
PHELPS DODGE COMMON STOCK 717265102 921,975 19,410 X 1 X
PHILLIPS PETROLEUM COMMON STOCK 718507106 1,012,875 21,900 X 1 X
PIER 1 COMMON STOCK 720279108 175,531 17,125 X 1 X
PINNACLE WEST CAPITAL COMMON STOCK 723484101 205,769 7,300 X 1 X
PITNEY BOWES COMMON STOCK 724479100 1,027,813 23,000 X 1 X
PLACER DOME COMMON STOCK 725906101 229,125 28,200 X 1 X
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 3,406,725 75,600 X 1 X
POST PROPERTIES, INC. COMMON STOCK 737464107 23,268,375 577,200 X 1 X
PPL CORPORATION COMMON STOCK 69351T106 259,625 12,400 X 1 X
PRENTISS PROPERTIES TRUST COMMON STOCK 740706106 2,231,250 100,000 X 1 X
PRICE T ROWE & ASSOC INC COMMON STOCK 741477103 410,800 10,400 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 12,628,125 224,500 X 1 X
PROGRESSIVE CORP. COMMON STOCK 743315103 479,194 6,300 X 1 X
PROLOGIS TRUST COMMON STOCK 743410102 44,137,632 2,292,864 X 1 X
PROTEIN DESIGN LABS INC COMMON STOCK 74369L103 246,450 3,100 X 1 X
PROVIDIAN FINANCIAL CORP COMMON STOCK 74406A102 1,065,488 12,300 X 1 X
PUBLIC STORAGE INC COMMON STOCK 74460D109 3,150,000 150,000 X 1 X
PUBLIC SVC ENTERPRISE GROUP COMMON STOCK 744573106 559,913 18,900 X 1 X
PUBLIC SVC OF NEW MEXICO COMMON STOCK 744499104 521,325 33,100 X 1 X
QUAKER OATS COMMON STOCK 747402105 703,250 11,600 X 1 X
QUALCOM COMMON STOCK 747525103 21,724,969 145,500 X 1 X
QUINTILES COMMON STOCK 748767100 170,625 10,000 X 1 X
QWEST COMMUNICATIONS INTL COMMON STOCK 749121109 4,297,100 88,600 X 1 X
R & B FALCON CORP COMMON STOCK 74912E101 1,017,844 51,700 X 1 X
RADIAN GROUP INC COMMON STOCK 750236101 1,933,575 40,600 X 1 X
RALSTON-RALSTON PURINA COMMON STOCK 751277302 4,678,388 170,900 X 1 X
RATIONAL SOFTWARE CORP COMMON STOCK 75409P202 2,646,900 34,600 X 1 X
RAYTHEON COMMON STOCK 755111408 520,075 29,300 X 1 X
READERS DIGEST COMMON STOCK 755267101 28,437,963 803,900 X 1 X
READERS DIGEST, 8.25%, NON-REDEEM P/S 755271202 2,325,000 75,000 X 1 X
REGIONS FINANCIAL COMMON STOCK 758940100 431,156 18,900 X 1 X
RELIANT ENERGY INC COMMON STOCK 75952J108 600,000 25,600 X 1 X
RELIASTAR FINL COMMON STOCK 75952U103 9,525,650 281,200 X 1 X
REYNOLDS & REYNOLDS COMMON STOCK 761695105 9,123,300 337,900 X 1 X
REYNOLDS METALS COMMON STOCK 761763101 601,875 9,000 X 1 X
RITE AID COMMON STOCK 767754104 123,200 22,400 X 1 X
ROCKWELL INTL COMMON STOCK 773903109 685,725 16,400 X 1 X
ROHM & HAAS COMMON STOCK 775371107 5,715,838 128,086 X 1 X
ROLLINS TRUCK LEASING COMMON STOCK 775741101 98,719 11,700 X 1 X
ROUSE CO COMMON STOCK 779273101 6,760,000 320,000 X 1 X
ROWAN COMMON STOCK 779382100 2,346,169 79,700 X 1 X
ROYAL CARIBBEAN 7.25% NON-REDEEM P/S V7780T111 616,000 7,000 X 1 X
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK V7780T103 2,254,000 80,500 X 1 X
ROYAL DUTCH PETROLEUM COMMON STOCK 780257804 22,915,631 398,100 X 1 X
RSA SECURITY INC COMMON STOCK 749719100 321,238 6,200 X 1 X
S C I SYSTEMS COMMON STOCK 783890106 4,810,838 89,400 X 1 X
S E I COMMON STOCK 784117103 363,000 3,200 X 1 X
S3 INC COMMON STOCK 784849101 262,500 12,500 X 1 X
SABRE HOLDINGS CORP COMMON STOCK 785905100 2,414,050 65,355 X 1 X
SAFECO COMMON STOCK 786429100 300,156 11,300 X 1 X
SAFEWAY INC COMMON STOCK 786514208 6,516,000 144,000 X 1 X
SARA LEE COMMON STOCK 803111103 1,416,600 78,700 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 29,793,414 709,367 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 11,918,025 324,300 X 1 X
SCHLUMBERGER COMMON STOCK 806857108 6,295,950 82,300 X 1 X
SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 12,032,888 211,800 X 1 X
SCIENTIFIC-ATLANTA COMMON STOCK 808655104 862,750 13,600 X 1 X
SEAGATE TECH COMMON STOCK 811804103 1,126,675 18,700 X 1 X
SEALED AIR COMMON STOCK 81211K100 391,050 7,200 X 1 X
SEALED AIR CORP., $2.00, NON-REDEEM P/S 81211K209 6,550,981 126,132 X 1 X
SEARS ROEBUCK COMMON STOCK 812387108 1,009,613 32,700 X 1 X
SECURITY CAPITAL GROUP INC. COMMON STOCK 81413P105 32,416,190 46,642 X 1 X
SEMPRA ENERGY COMMON STOCK 816851109 296,475 17,700 X 1 X
SEPRACOR INC COMMON STOCK 817315104 3,087,250 42,400 X 1 X
SHERWIN-WILLIAMS COMMON STOCK 824348106 315,900 14,400 X 1 X
SIEBEL SYSTEMS INC COMMON STOCK 826170102 11,143,519 93,300 X 1 X
SIGMA-ALDRICH COMMON STOCK 826552101 233,813 8,700 X 1 X
SILICON GRAPHICS COMMON STOCK 827056102 169,000 16,000 X 1 X
SILICON VY BANCSHARES COMMON STOCK 827064106 258,750 3,600 X 1 X
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 6,362,400 265,100 X 1 X
SL GREEN REALTY CORP COMMON STOCK 78440X101 3,562,500 150,000 X 1 X
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 4,341,081 256,300 X 1 X
SNAP-ON COMMON STOCK 833034101 5,326,538 203,400 X 1 X
SNYDER COMMUNICATIONS INC COMMON STOCK 832914105 272,250 12,100 X 1 X
SOLECTRON CORP COMMON STOCK 834182107 2,055,206 51,300 X 1 X
SOUTHERN COMMON STOCK 842587107 4,980,750 229,000 X 1 X
SOUTHTRUST COMMON STOCK 844730101 368,844 14,500 X 1 X
SOUTHWEST AIRLINES COMMON STOCK 844741108 908,466 43,650 X 1 X
SPRINT COMMON STOCK 852061100 11,434,500 181,500 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 13,297,625 203,600 X 1 X
ST. PAUL COMMON STOCK 792860108 672,263 19,700 X 1 X
STANLEY WORKS COMMON STOCK 854616109 203,088 7,700 X 1 X
STAPLES COMMON STOCK 855030102 3,930,000 196,500 X 1 X
STARWOOD HOTELS & RESORTS COMMON STOCK 85590A203 22,168,125 844,500 X 1 X
STATE STREET CORP COMMON STOCK 857477103 4,243,125 43,800 X 1 X
STILLWATER MINING CORP COMMON STOCK 86074Q102 246,000 6,150 X 1 X
STRYKER COMMON STOCK 863667101 8,718,750 125,000 X 1 X
STUDENT LOAN MKTG ASSN COMMON STOCK 78442A109 459,713 13,800 X 1 X
SUMMIT BANCORP COMMON STOCK 866005101 396,375 15,100 X 1 X
SUN CO. COMMON STOCK 86764P109 1,032,038 37,700 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 36,410,588 388,574 X 1 X
SUNTRUST BANKS COMMON STOCK 867914103 1,599,675 27,700 X 1 X
SUPER VALU STORES COMMON STOCK 868536103 228,462 12,064 X 1 X
SYBRON CORP COMMON STOCK 87114F106 3,555,400 122,600 X 1 X
SYMANTEC CORP. COMMON STOCK 871503108 1,446,908 21,400 X 1 X
SYMBOL TECH COMMON STOCK 871508107 3,201,956 38,900 X 1 X
SYNOVUS FINANCIAL CORP COMMON STOCK 87161C105 456,775 24,200 X 1 X
SYSCO COMMON STOCK 871829107 1,020,663 28,600 X 1 X
T R W COMMON STOCK 872649108 2,667,600 45,600 X 1 X
TANDY COMMON STOCK 875382103 3,542,350 69,800 X 1 X
TARGET CORP COMMON STOCK 87612E106 4,798,950 64,200 X 1 X
TAUBMAN CENTERS INC COMMON STOCK 876664103 3,337,500 300,000 X 1 X
TEKTRONIX COMMON STOCK 879131100 229,600 4,100 X 1 X
TELECOM CORP OF NEW ZEALAND COMMON STOCK 879278208 854,819 23,300 X 1 X
TELEFLEX COMMON STOCK 879369106 1,185,700 33,400 X 1 X
TELLABS COMMON STOCK 879664100 5,290,690 84,000 X 1 X
TEMPLE-INLAND COMMON STOCK 879868107 2,291,375 46,000 X 1 X
TENET HEALTHCARE COMMON STOCK 88033G100 2,720,900 118,300 X 1 X
TERADYNE COMMON STOCK 880770102 1,217,300 14,800 X 1 X
TEXACO COMMON STOCK 881694103 5,941,650 110,800 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 30,176,000 188,600 X 1 X
TEXAS UTILITIES CO (HLDG) COMMON STOCK 882848104 4,874,688 164,200 X 1 X
TEXTRON COMMON STOCK 883203101 2,453,263 40,300 X 1 X
THE PMI GROUP COMMON STOCK 69344M101 2,319,836 48,903 X 1 X
THERMO ELECTRON COMMON STOCK 883556102 279,138 13,700 X 1 X
TIDEWATER COMMON STOCK 886423102 4,584,181 144,100 X 1 X
TIME WARNER COMMON STOCK 887315109 28,780,000 287,800 X 1 X
TIMES MIRROR COMMON STOCK 887364107 483,275 5,200 X 1 X
TJX COMMON STOCK 872540109 596,844 26,900 X 1 X
TORCHMARK COMMON STOCK 891027104 1,290,375 55,800 X 1 X
TOSCO COMMON STOCK 891490302 380,469 12,500 X 1 X
TOYS R US COMMON STOCK 892335100 308,100 20,800 X 1 X
TRANSOCEAN SEDCO FOREX INC COMMON STOCK G90078109 927,833 18,082 X 1 X
TRANSWITCH CORPORATION COMMON STOCK 894065101 1,374,588 14,300 X 1 X
TRIBUNE COMMON STOCK 896047107 3,780,562 103,400 X 1 X
TRUE NORTH COMMUNICATION COMMON STOCK 897844106 322,363 8,200 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 26,638,936 534,114 X 1 X
U S TRUST COMMON STOCK 91288L105 604,800 3,200 X 1 X
U S X- U.S. STEEL GROUP COMMON STOCK 90337T101 1,062,500 42,500 X 1 X
UNICOM COMMON STOCK 904911104 686,200 18,800 X 1 X
UNILEVER N.V. COMMON STOCK 904784709 2,921,717 60,711 X 1 X
UNION CARBIDE COMMON STOCK 905581104 676,425 11,600 X 1 X
UNION PACIFIC COMMON STOCK 907818108 841,188 21,500 X 1 X
UNION PACIFIC RESOURCES GRP COMMON STOCK 907834105 316,100 21,800 X 1 X
UNION PLANTERS COMMON STOCK 908068109 375,913 12,200 X 1 X
UNISYS COMMON STOCK 909214108 685,950 26,900 X 1 X
UNITED TECH COMMON STOCK 913017109 9,301,200 147,200 X 1 X
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 876,488 14,700 X 1 X
UNIVERSAL HEALTH COMMON STOCK 913903100 254,800 5,200 X 1 X
UNOCAL COMMON STOCK 915289102 624,750 21,000 X 1 X
UNUM PROVIDENT COMMON STOCK 91529Y106 353,600 20,800 X 1 X
US BANCORP COMMON STOCK 902973106 1,428,438 65,300 X 1 X
US ONCOLOGY INC COMMON STOCK 90338W103 58,050 12,900 X 1 X
US WEST COMMON STOCK 91273H101 4,074,262 56,100 X 1 X
USA NETWORKS COMMON STOCK 902984103 2,770,675 122,800 X 1 X
USX-MARATHON GROUP COMMON STOCK 902905827 2,335,200 89,600 X 1 X
V F COMMON STOCK 918204108 245,438 10,200 X 1 X
VARIAN ASSOC COMMON STOCK 92220P105 219,000 4,800 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 11,488,700 87,700 X 1 X
VERITY INC COMMON STOCK 92343C106 207,825 5,100 X 1 X
VERTEX PHARMACEUTICALS COMMON STOCK 92532F100 215,337 4,600 X 1 X
VIACOM -CL B COMMON STOCK 925524308 7,455,685 141,340 X 1 X
VIACOM INTERNATIONAL COMMON STOCK 925524100 513,000 9,600 X 1 X
VIAD CORP COMMON STOCK 92552R109 3,195,638 139,700 X 1 X
VINTAGE PETE INC COMMON STOCK 927460105 211,313 10,500 X 1 X
VISHAY INTERTECH. INC COMMON STOCK 928298108 2,863,297 51,475 X 1 X
VITESSE SEMICONDUCTOR COMMON STOCK 928497106 5,746,125 59,700 X 1 X
VORNADO COMMON STOCK 929042109 11,725,000 350,000 X 1 X
VORNADO OPERATING CO COMMON STOCK 92904N103 224,219 17,500 X 1 X
VULCAN MATERIALS COMMON STOCK 929160109 398,569 8,700 X 1 X
WACHOVIA CORP COMMON STOCK 929771103 1,189,100 17,600 X 1 X
WADDELL & REED FINANCIAL COMMON STOCK 930059100 5,428,694 128,300 X 1 X
WALGREEN COMMON STOCK 931422109 3,651,350 141,800 X 1 X
WAL-MART STORES COMMON STOCK 931142103 55,139,250 993,500 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 19,090,500 195,800 X 1 X
WASHINGTON MUTUAL COMMON STOCK 939322103 5,156,900 194,600 X 1 X
WASTE MANAGEMENT INC COMMON STOCK 94106L109 735,019 53,700 X 1 X
WATSON PHARMACEUTICALS INC COMMON STOCK 942683103 912,812 23,000 X 1 X
WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 6,035,200 102,400 X 1 X
WELLPOINT HEALTH COMMON STOCK 94973H108 384,313 5,500 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 13,177,781 321,900 X 1 X
WENDY'S INTL COMMON STOCK 950590109 209,950 10,400 X 1 X
WESTVACO COMMON STOCK 961548104 290,363 8,700 X 1 X
WEYERHAEUSER COMMON STOCK 962166104 5,506,200 96,600 X 1 X
WHIRLPOOL COMMON STOCK 963320106 375,200 6,400 X 1 X
WICOR COMMON STOCK 929253102 235,600 7,600 X 1 X
WILLAMETTE INDUSTRIES COMMON STOCK 969133107 389,213 9,700 X 1 X
WILLIAMS COMMON STOCK 969457100 1,656,444 37,700 X 1 X
WISCONSIN ENERGY COMMON STOCK 976657106 3,383,394 169,700 X 1 X
WORTHINGTON INDUSTRIES COMMON STOCK 942749103 95,288 7,700 X 1 X
WRIGLEY COMMON STOCK 982526105 9,048,513 117,800 X 1 X
XEROX COMMON STOCK 984121103 2,028,000 78,000 X 1 X
XILINX, INC. COMMON STOCK 983919101 5,407,656 65,300 X 1 X
ZALE CORP. COMMON STOCK 988858106 302,000 6,400 X 1 X
ZEBRA TECHNOLOGIES COMMON STOCK 989207105 240,000 4,800 X 1 X
ADAPTEC INC, CONVERTIBLE DEBT 00651FAC2 4,220,438 4,575,000 X 1 X
ADT OPERATIONS INC CONV DEBT 000945AC9 5,989,406 2,175,000 X 1 X
ADVANCED ENERGY IND DEBT 007973AA8 2,745,000 2,250,000 X 1 X
AFFILIATED COMPUTER INC. DEBT 008190AD2 4,896,000 4,800,000 X 1 X
AFFYMETRIX INC DEBT 00826TAC2 2,047,500 3,000,000 X 1 X
ALKERMES INC. DEBT 01642TAA6 6,503,250 7,800,000 X 1 X
ALZA CORP CONV DEBT 022615AD0 12,945,000 12,000,000 X 1 X
AMAZON.COM DEBT 023135AD8 8,043,750 8,250,000 X 1 X
AMERICA ONLINE DEBT 02364JAB0 17,790,413 1,710,000 X 1 X
AMERICA ONLINE DEBT 02364JAC8 3,786,375 6,900,000 X 1 X
AMERICAN GEN DEL CONV DEBT 02637G200 7,881,000 11,100,000 X 1 X
AMERICAN TOWER CORP DEBT 029912AE2 10,035,000 9,000,000 X 1 X
AMERICAN TOWER CORP. DEBT 029912AA0 8,877,750 4,200,000 X 1 X
AMKOR TECHNOLOGIES INC DEBT 031652AF7 3,251,250 3,000,000 X 1 X
AMKOR TECHNOLOGIES INC. DEBT 031652AA8 1,778,063 450,000 X 1 X
AMTEL CORP CONV DEBT 049513AB0 6,655,313 4,650,000 X 1 X
AVIRON, CONVERTIBLE DEBT 053762AA8 1,377,000 1,350,000 X 1 X
BEA SYSTEMS DEBT 073325AC6 8,046,375 6,450,000 X 1 X
BELL ATLANTIC FINL SVCS INC. DEBT 07785GAB6 5,355,000 5,250,000 X 1 X
BERKSHIRE HATHAWAY INC DEL DEBT 084670AF5 3,817,219 1,425,000 X 1 X
BURR-BROWN CORP DEBT 122574AD8 6,697,500 6,000,000 X 1 X
CENTOCOR INC. DEBT 152342AE1 4,304,625 3,900,000 X 1 X
CHECKFREE HLDGS DEBT 162816AA0 1,666,875 1,500,000 X 1 X
CITRIX SYSTEMS DEBT 177376AA8 8,026,313 8,550,000 X 1 X
CLEAR CHANNEL COMM., INC. DEBT 184502AB8 15,570,938 12,750,000 X 1 X
CLEAR CHANNEL COMMUNICATIONS DEBT 184502AE2 6,965,625 7,500,000 X 1 X
COMMSCOPE INC DEBT 203372AA5 1,790,625 1,500,000 X 1 X
COMVERSE TECHNOLOGY INC DEBT 205862AG0 13,765,500 3,150,000 X 1 X
CONEXANT SYSTEMS DEBT 207142AB6 5,255,250 1,650,000 X 1 X
CONEXANT SYSTEMS DEBT 207142AD2 9,541,875 10,500,000 X 1 X
COR THERAPEUTICS DEBT 217753AC6 5,132,138 4,410,000 X 1 X
COSTCO DEBT 22160QAC6 12,731,250 10,500,000 X 1 X
CUC INTL INC CONV DEBT 126545AB8 4,190,625 4,500,000 X 1 X
CV Therapeutics DEBT 126667AA2 1,853,438 2,250,000 X 1 X
Cymer DEBT 232572AC1 5,248,125 4,500,000 X 1 X
CYPRESS SEMICONDUCTOR DEBT 232806AE9 9,178,313 7,350,000 X 1 X
DEVON ENERGY CORP. DEBT 25179MAB9 10,705,365 10,692,000 X 1 X
DIAMOND OFFSHORE CONV DEBT 25271CAA0 20,691,000 18,150,000 X 1 X
DIGITAL ISLAND DEBT 25385NAA9 4,155,000 6,000,000 X 1 X
DOUBLECLICK DEBT 258609AA4 5,169,375 2,250,000 X 1 X
DSC COMMUNICATIONS CORP DEBT 233311AB5 7,912,500 7,500,000 X 1 X
DSC COMMUNICATIONS CORP DEBT 233311AC3 1,582,500 1,500,000 X 1 X
ECHOSTAR COMMUNICATIONS DEBT 278762AB5 12,956,250 7,500,000 X 1 X
EFFICIENT NETWORKS INC DEBT 282056AA8 9,070,031 8,925,000 X 1 X
ELAN INTL FIN CONV DEBT 284129AA1 16,950,000 24,000,000 X 1 X
FOUR SEASONS HOTEL DEBT 35100EAD6 1,350,000 4,800,000 X 1 X
GENZYME CORP DEBT 372917AF1 5,152,500 3,600,000 X 1 X
GENZYME CORP., CONVERTIBLE DEBT 372917AE4 536,719 375,000 X 1 X
GETTY IMAGES INC DEBT 374276AD5 2,422,500 3,000,000 X 1 X
Gilat Satellite DEBT 375255AC0 3,819,375 4,500,000 X 1 X
HEWLETT PACKARD CO., DEBT 428236AA1 14,132,813 18,750,000 X 1 X
HNC SOFTWARE INC., DEBT 40425PAA5 3,507,000 2,100,000 X 1 X
HUMAN GENOME SCIENCES DEBT 444903AE8 5,670,000 6,300,000 X 1 X
I2 TECHNOLOGIES DEBT 465754AD1 8,090,550 4,680,000 X 1 X
IDEC PHARMACEUTICALS DEBT 449370AA3 1,393,875 1,050,000 X 1 X
INCYTE PHARMACEUTICALS DEBT 45337CAA0 703,575 885,000 X 1 X
INHALE THERAPEUTICS DEBT 457191AD6 4,674,375 4,500,000 X 1 X
INTEGRATED PROCESS EQUIP., DEBT 45812KAD0 5,906,250 7,500,000 X 1 X
INTERIM SVCS INC CONV DEBT 45868PAA8 4,785,000 6,000,000 X 1 X
INTERNET CAPITAL GROUP DEBT 46059CAA4 5,302,500 6,000,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AG5 12,877,500 12,750,000 X 1 X
JUNIPER NETWORKS DEBT 48203RAA2 13,230,000 13,500,000 X 1 X
KULICKE & SOFFA IND INC DEBT 501242AC5 4,815,563 3,150,000 X 1 X
LAM RESH CORP CONV DEBT 512807AB4 5,832,000 3,600,000 X 1 X
LAMAR ADVERTISING CO DEBT 512815AF8 3,393,750 3,000,000 X 1 X
LEVEL 3 COMMUNICATIONS DEBT 52729NAS9 23,285,063 23,550,000 X 1 X
LEVEL ONE COMMUNICATIONS, DEBT 527295AC3 4,752,188 1,110,000 X 1 X
LIBERTY MEDIA DEBT 530715AK7 8,840,625 7,500,000 X 1 X
LIBERTY MEDIA GROUP DEBT 530715AF8 31,159,688 20,250,000 X 1 X
LSI LOGIC DEBT 502161AE2 18,838,125 15,300,000 X 1 X
MAGNA INTL INC CONV DEBT 559222AE4 9,975,000 10,500,000 X 1 X
MILLENNIUM PHARMACEUTICALS DEBT 599902AA1 4,198,500 4,665,000 X 1 X
NETWORK ASSOCIATES INC. DEBT 640938AA4 5,146,875 13,500,000 X 1 X
NEWS CORP DEBT 652478AS7 11,936,625 10,425,000 X 1 X
Nextel DEBT 65332VAW3 47,153,438 39,750,000 X 1 X
NTL INC. DEBT 629407AN7 20,036,250 19,500,000 X 1 X
PINNACLE HOLDINGS INC DEBT 72346NAC5 3,407,813 3,750,000 X 1 X
PRIMUS TELECOMM GROUP DEBT 741929AK9 6,057,188 5,250,000 X 1 X
PROTEIN DESIGN LABS INC DEBT 74369LAA1 1,016,250 1,500,000 X 1 X
RATIONAL SOFTWARE CORP DEBT 75409PAA1 7,928,906 6,375,000 X 1 X
REDBACK NETWORKS DEBT 757209AA9 5,685,000 6,000,000 X 1 X
ROBBINS & MYERS INC CONV DEBT 770196AA1 4,284,750 4,350,000 X 1 X
ROCHE HLDGS INC., CONVERTIBLE DEBT 771196AC6 15,915,516 28,200,000 X 1 X
ROCHE HLDGS/GENENTECH DEBT 771196AG7 18,731,250 22,500,000 X 1 X
SANMINA CORP DEBT 800907AB3 3,190,688 1,950,000 X 1 X
SEACOR HLDGS INC CONV. DEBT 811904AC5 6,127,500 6,000,000 X 1 X
SEACOR HLDGS INC., DEBT 811904AE1 3,370,125 3,300,000 X 1 X
SEMTECH CORP DEBT 816850AB7 4,173,750 4,500,000 X 1 X
SEPRACOR DEBT 817315AH7 7,852,500 6,000,000 X 1 X
Sepracor DEBT 817315AJ3 5,293,313 5,550,000 X 1 X
SOLECTRON CORP. DEBT 834182AG2 9,211,500 13,800,000 X 1 X
ST PAUL CAPITAL CONV. DEBT 792856205 6,273,750 10,500,000 X 1 X
TECNOST INTL DEBT EC1437234 1,068 1,044 X 1 X
TEKELEC DEBT 879101AA1 4,947,188 2,250,000 X 1 X
THERMO INSTR SYS INC CONV DEBT 883559AC0 8,235,000 9,000,000 X 1 X
THERMO INSTR SYS INC., DEBT 883559AE6 8,470,313 9,750,000 X 1 X
TRIQUINT SEMICONDUCTOR DEBT 89674KAA1 1,556,625 2,100,000 X 1 X
U S CELLULAR CORP CONV DEBT 911684AA6 5,995,875 8,850,000 X 1 X
VALHI INC NEW CONV DEBT 918905AC4 1,238,250 1,950,000 X 1 X
VENTRO CORPORATION DEBT 922815AA3 2,756,250 3,750,000 X 1 X
VERITAS SOFTWARE DEBT 92343RAA1 18,092,250 4,950,000 X 1 X
VERITAS SOFTWARE CORP DEBT 923436AB5 10,363,125 750,000 X 1 X
VERTEX PHARMACEUTICALS DEBT 92532FAA8 3,273,750 4,500,000 X 1 X
VITESSE SEMICONDUCTOR DEBT 928497AA4 8,393,625 8,100,000 X 1 X
WELLPOINT DEBT 94973HAA6 3,982,500 6,000,000 X 1 X
WIND RIV SYS INC., DEBT 973149AC1 2,638,125 2,100,000 X 1 X
YOUNG & RUBICAM DEBT 987425AA3 8,325,000 9,000,000 X 1 X
<CAPTION>
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ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY
--------------------- (SHARES)
TITLE FAIR SHARES OR (A) (B) (C) MANA- ----------------
NAME OF ISSUER OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED GERS (A) (B) (C)
CLASS NUMBER VALUE AMOUNT OTHER SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ALLTEL COMMON STOCK 020039103 220,719 3,500 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 1,385,350 20,600 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 670,219 4,500 X 1 X
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 584,513 10,900 X 1 X
AMERICAN INTL COMMON STOCK 026874107 1,149,750 10,500 X 1 X
AMGEN COMMON STOCK 031162100 497,138 8,100 X 1 X
ANALOG DEVICES COMMON STOCK 032654105 435,038 5,400 X 1 X
APPLIED MATERIALS COMMON STOCK 038222105 339,300 3,600 X 1 X
AT & T COMMON STOCK 001957109 1,289,925 22,932 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 764,591 14,581 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 615,125 14,800 X 1 X
BANK ONE CORPORATION COMMON STOCK 06423A103 295,625 8,600 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 611,250 10,000 X 1 X
BELLSOUTH COMMON STOCK 079860102 549,900 11,700 X 1 X
BJ SERVICES COMMON STOCK 055482103 554,063 7,500 X 1 X
BOEING COMMON STOCK 097023105 322,469 8,500 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 918,225 15,900 X 1 X
BROADWING INC COMMON STOCK 111620100 215,688 5,800 X 1 X
BURLINGTON RESOURCES COMMON STOCK 122014103 229,400 6,200 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 277,463 4,900 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 488,250 5,600 X 1 X
CHEVRON COMMON STOCK 166751107 277,313 3,000 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 3,927,475 50,800 X 1 X
CITIGROUP INC COMMON STOCK 172967101 1,340,463 22,600 X 1 X
COCA-COLA COMMON STOCK 191216100 746,306 15,900 X 1 X
COMPUTER ASSOCIATES INTL COMMON STOCK 204912109 236,750 4,000 X 1 X
COMVERSE TECHNOLOGY COMMON STOCK 205862402 321,300 1,700 X 1 X
CORNING COMMON STOCK 219350105 640,200 3,300 X 1 X
DELL COMPUTER COMMON STOCK 247025109 809,063 15,000 X 1 X
DISNEY (WALT) COMMON STOCK 254687106 653,725 15,800 X 1 X
DU PONT DE NEMOURS COMMON STOCK 263534109 340,674 6,443 X 1 X
E M C COMMON STOCK 268648102 900,000 7,200 X 1 X
ELECTRONIC DATA SYSTEMS COMMON STOCK 285661104 372,288 5,800 X 1 X
ENRON COMMON STOCK 293561106 277,038 3,700 X 1 X
EXXON COMMON STOCK 30231G102 1,478,749 19,004 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 417,638 7,400 X 1 X
FIFTH THIRD BANCORP COMMON STOCK 316773100 220,500 3,500 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 419,756 18,300 X 1 X
FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 270,100 7,400 X 1 X
FORD MOTOR COMMON STOCK 345370100 505,313 11,000 X 1 X
FOREST LABS COMMON STOCK 345838106 211,250 2,500 X 1 X
FREDDIE MAC COMMON STOCK 313400301 247,450 5,600 X 1 X
G T E COMMON STOCK 362320103 532,500 7,500 X 1 X
GAP STORES COMMON STOCK 364760108 264,006 5,300 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 3,367,569 21,700 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 579,688 7,000 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 208,075 8,200 X 1 X
GRAINGER COMMON STOCK 384802104 678,125 12,500 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 914,681 6,900 X 1 X
HOME DEPOT COMMON STOCK 437076102 986,850 15,300 X 1 X
HONEYWELL INTERNATIONAL INC COMMON STOCK 438516106 302,268 5,737 X 1 X
INTEL COMMON STOCK 458140100 2,994,981 22,700 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 1,357,000 11,500 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 623,556 8,900 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 464,800 8,300 X 1 X
L S I LOGIC COMMON STOCK 502161102 319,550 4,400 X 1 X
LILLY (ELI) COMMON STOCK 532457108 497,700 7,900 X 1 X
LOWE'S COMMON STOCK 548661107 291,875 5,000 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 1,182,195 19,460 X 1 X
MARSH & MC LENNAN COMMON STOCK 571748102 386,094 3,500 X 1 X
MBNA CORP COMMON STOCK 55262L100 211,650 8,300 X 1 X
MCDONALD'S COMMON STOCK 580135101 356,844 9,500 X 1 X
MCI WORLDCOM INC COMMON STOCK 55268B106 811,638 17,912 X 1 X
MEDIMMUNE INC COMMON STOCK 584699102 243,775 1,400 X 1 X
MEDTRONICS COMMON STOCK 585055106 349,775 6,800 X 1 X
MERCK COMMON STOCK 589331107 888,388 14,300 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 336,000 3,200 X 1 X
MICROSOFT COMMON STOCK 594918104 3,846,250 36,200 X 1 X
MORGAN STANLEY DEAN COMMON STOCK 617446448 473,063 5,800 X 1 X
MOTOROLA COMMON STOCK 620076109 913,620 6,417 X 1 X
NABORS INDUSTRIES COMMON STOCK 629568106 232,875 6,000 X 1 X
NEW YORK TIMES COMMON STOCK 650111107 347,794 8,100 X 1 X
NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 311,325 2,100 X 1 X
NORTEL NETWORKS CORP COMMON STOCK 656569100 1,549,800 12,300 X 1 X
NORTHERN TRUST COMMON STOCK 665859104 283,763 4,200 X 1 X
OMNICOM GROUP COMMON STOCK 681919106 205,563 2,200 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 1,615,894 20,700 X 1 X
PEPSICO COMMON STOCK 713448108 390,556 11,300 X 1 X
PFIZER COMMON STOCK 717081103 716,625 19,600 X 1 X
PHARMACIA & UPJOHN INC COMMON STOCK 716941109 207,375 3,500 X 1 X
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 202,781 4,500 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 343,125 6,100 X 1 X
QUALCOM COMMON STOCK 747525103 582,319 3,900 X 1 X
READERS DIGEST COMMON STOCK 755267101 795,938 22,500 X 1 X
RELIASTAR FINL COMMON STOCK 75952U103 243,900 7,200 X 1 X
ROYAL DUTCH PETROLEUM COMMON STOCK 780257804 644,700 11,200 X 1 X
SAFEWAY INC COMMON STOCK 786514208 248,875 5,500 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 828,324 19,722 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 360,150 9,800 X 1 X
SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 363,600 6,400 X 1 X
SIEBEL SYSTEMS INC COMMON STOCK 826170102 226,931 1,900 X 1 X
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 177,844 10,500 X 1 X
SPRINT COMMON STOCK 852061100 327,600 5,200 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 411,469 6,300 X 1 X
STATE STREET CORP COMMON STOCK 857477103 251,875 2,600 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 1,037,106 11,068 X 1 X
TELLABS COMMON STOCK 879664100 270,833 4,300 X 1 X
TEXACO COMMON STOCK 881694103 246,675 4,600 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 864,000 5,400 X 1 X
TIME WARNER COMMON STOCK 887315109 740,000 7,400 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 822,938 16,500 X 1 X
UNITED TECH COMMON STOCK 913017109 328,575 5,200 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 222,700 1,700 X 1 X
VIACOM -CL B COMMON STOCK 925524308 200,450 3,800 X 1 X
WAL-MART STORES COMMON STOCK 931142103 1,615,050 29,100 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 546,000 5,600 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 311,125 7,600 X 1 X
XILINX, INC. COMMON STOCK 983919101 281,563 3,400 X 1 X
</TABLE>
