UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: State Farm Mutual Automobile Insurance Company
Address: One State Farm Plaza
Bloomington, IL 61710
13F File Number: 28-00534
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct, and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.
Person signing this Report on Behalf of Reporting Manager:
Name: William J. Hess
Title: Sr. Asst. Invest. Counsel
Phone: 309-766-2392
Signature, Place, and Date of Signing:
William J. Hess Bloomington, Illinois May 14, 1999
Report Type (Check only one):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
13F File Number Name
28-00096 Capital Guardian Trust Co.
28-03946 Barclays Global Investors, N.A.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 319
Form 13F Information Table Value Total (X$1000) : 46,266,019
List of Other Included Managers:
No. 13F File Number Name
01 28-00536 State Farm Investment Management Corp
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (X$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
SBS BROADCASTING SA ORD L8137F102 28575 889500 SH SOLE 889500
SBS BROADCASTING SA ORD L8137F102 11571 360181 SH DEFINED 01 360181
A D C TELECOMMUNICATIONS COM 000886101 532049 11156996 SH SOLE 11156996
A D C TELECOMMUNICATIONS COM 000886101 33772 708200 SH DEFINED 01 708200
AES CORP COM 00130H105 68804 1847100 SH SOLE 1847100
AES CORP COM 00130H105 5312 142600 SH DEFINED 01 142600
AT&T CORP COM 001957109 597443 7485595 SH SOLE 7485595
AT&T CORP COM 001957109 45493 570000 SH DEFINED 01 570000
ABB AB SPONSORED ADR 00256Q103 42972 3455000 SH SOLE 3455000
ABB AB SPONSORED ADR 00256Q103 1816 146000 SH DEFINED 01 146000
ABBOTT LABS COM 002824100 566136 12093700 SH SOLE 12093700
ABBOTT LABS COM 002824100 4943 105600 SH DEFINED 01 105600
AGOURON PHARMACEUTICALS INC COM 008488108 28281 500000 SH SOLE 500000
AIR PRODS & CHEMS INC COM 009158106 501365 14638400 SH SOLE 14638400
AIR PRODS & CHEMS INC COM 009158106 36306 1060000 SH DEFINED 01 1060000
AIRTOUCH COMMUNICATIONS INC COM 00949T100 549464 5686548 SH SOLE 5686548
AIRTOUCH COMMUNICATIONS INC COM 00949T100 10629 110000 SH DEFINED 01 110000
ALLERGAN INC COM 018490102 346597 3944200 SH SOLE 3944200
ALLERGAN INC COM 018490102 3401 38700 SH DEFINED 01 38700
ALLIEDSIGNAL INC COM 019512102 63422 1289400 SH SOLE 1289400
ALLIEDSIGNAL INC COM 019512102 8283 168400 SH DEFINED 01 168400
AMERITECH CORP NEW COM 030954101 517693 8982340 SH SOLE 8982340
AMERITECH CORP NEW COM 030954101 17131 296000 SH DEFINED 01 296000
AMGEN INC COM 031162100 83111 1110000 SH SOLE 1110000
AMSOUTH BANCORPORATION COM 032165102 173414 3811275 SH SOLE 3811275
AMSOUTH BANCORPORATION COM 032165102 7085 155700 SH DEFINED 01 155700
ANADARKO PETE CORP COM 032511107 23314 617600 SH SOLE 617600
APPLIED MATLS INC COM 038222105 28019 454200 SH SOLE 454200
APPLIED MATLS INC COM 038222105 5719 92700 SH DEFINED 01 92700
APTARGROUP INC COM 038336103 51821 1993132 SH SOLE 1993132
ARCHER DANIELS MIDLAND CO COM 039483102 655448 44626186 SH SOLE 44626186
ARCHER DANIELS MIDLAND CO COM 039483102 56055 3816491 SH DEFINED 01 3816491
ASTRA AB SPONSOR ADR A 046298105 10313 449600 SH SOLE 449600
ATLANTIC RICHFIELD CO COM 048825103 146251 2000000 SH SOLE 2000000
AUTODESK INC COM 052769106 12572 310900 SH SOLE 310900
AUTODESK INC COM 052769106 3098 76600 SH DEFINED 01 76600
AUTOMATIC DATA PROCESSING INC COM 053015103 16434 397200 SH SOLE 397200
AUTOMATIC DATA PROCESSING INC COM 053015103 5131 124000 SH DEFINED 01 124000
AVALONBAY CMNTYS INC COM 053484101 22526 706705 SH SOLE 706705
BP AMOCO P L C SPONSORED ADR 055622104 405195 4011985 SH SOLE 4011985
BP AMOCO P L C SPONSORED ADR 055622104 20838 206439 SH DEFINED 01 206439
BRE PROPERTIES INC CL A 05564E106 79616 3518958 SH SOLE 3518958
BALLARD MED PRODS COM 058566100 20555 843251 SH SOLE 843251
BALLARD MED PRODS COM 058566100 27226 1116951 SH DEFINED 01 1116951
BANK ONE CORP COM 06423A103 630453 11449774 SH SOLE 11449774
BANK ONE CORP COM 06423A103 49524 899422 SH DEFINED 01 899422
BANKAMERICA CORP NEW COM 06605F102 93855 1328906 SH SOLE 1328906
BANKAMERICA CORP NEW COM 06605F102 28184 399068 SH DEFINED 01 399068
BARRICK GOLD CORP COM 067901108 10238 600000 SH SOLE 600000
BARRETT RES CORP COM PAR $0.01 068480201 62499 2493733 SH SOLE 2493733
BARRETT RES CORP COM PAR $0.01 068480201 11038 440400 SH DEFINED 01 440400
BATTLE MTN GOLD CO COM 071593107 9805 3565350 SH SOLE 3565350
BATTLE MTN GOLD CO PFD CONV $3.25 071593305 1669 50000 SH SOLE 50000
BAXTER INTL INC COM 071813109 422433 6400497 SH SOLE 6400497
BELL ATLANTIC CORP COM 077853109 301979 5842400 SH SOLE 5842400
BELLSOUTH CORP COM 079860102 94259 2352800 SH SOLE 2352800
BIOMET INC COM 090613100 265759 6337000 SH SOLE 6337000
BIOMET INC COM 090613100 81988 1955000 SH DEFINED 01 1955000
BOSTON PROPERTIES INC COM 101121101 7748 245000 SH SOLE 245000
BOSTON SCIENTIFIC CORP COM 101137107 89512 2203376 SH SOLE 2203376
BOSTON SCIENTIFIC CORP COM 101137107 2418 59600 SH DEFINED 01 59600
BRADLEY REAL ESTATE INC COM 104580105 1384 77400 SH SOLE 77400
BROKEN HILL PROPRIETARY LTD SPONSORED ADR 112169602 33339 1932700 SH SOLE 1932700
BROWN TOM INC COM NEW 115660201 31768 2620000 SH SOLE 2620000
CMS ENERGY CORP COM 125896100 48927 1216100 SH SOLE 1216100
CMS ENERGY CORP COM 125896100 3834 95700 SH DEFINED 01 95700
CAMPBELL SOUP CO COM 134429109 209572 5150800 SH SOLE 5150800
CAMPBELL SOUP CO COM 134429109 4801 118000 SH DEFINED 01 118000
CANWEST GLOBAL COMMUNICATIONS SHS NON VTG 138906300 20666 1582100 SH SOLE 1582100
CARDINAL HEALTH INC COM 14149Y108 104567 1584358 SH SOLE 1584358
CATERPILLAR INC DEL COM 149123101 396768 8637100 SH SOLE 8637100
CATERPILLAR INC DEL COM 149123101 21591 470000 SH DEFINED 01 470000
CENTRAL & SOUTH WEST CORP COM 152357109 82509 3520400 SH SOLE 3520400
CHEVRON CORPORATION COM 166751107 643256 7250800 SH SOLE 7250800
CHEVRON CORPORATION COM 166751107 59607 674000 SH DEFINED 01 674000
CHIRON CORP COM 170040109 53425 2435328 SH SOLE 2435328
CISCO SYS INC COM 17275R102 87431 798000 SH SOLE 798000
CISCO SYS INC COM 17275R102 37043 338100 SH DEFINED 01 338100
CITIGROUP INC COM 172967101 87508 1370000 SH SOLE 1370000
CITIGROUP INC COM 172967101 20172 315800 SH DEFINED 01 315800
COCA COLA CO COM 191216100 352692 5746500 SH SOLE 5746500
COCA COLA CO COM 191216100 46878 763800 SH DEFINED 01 763800
COLGATE PALMOLIVE CO COM 194162103 60067 652900 SH SOLE 652900
COLGATE PALMOLIVE CO COM 194162103 8455 91900 SH DEFINED 01 91900
COMPAQ COMPUTER CORP COM 204493100 33037 1042600 SH SOLE 1042600
COMPAQ COMPUTER CORP COM 204493100 10210 322200 SH DEFINED 01 322200
CORNING INC COM 219350105 592908 9881800 SH SOLE 9881800
CORNING INC COM 219350105 33138 552300 SH DEFINED 01 552300
COVANCE INC COM 222816100 61429 2451025 SH SOLE 2451025
COVANCE INC COM 222816100 3461 138075 SH DEFINED 01 138075
CUMMINS ENGINE INC COM 231021106 8919 250800 SH SOLE 250800
CUMMINS ENGINE INC COM 231021106 1778 50000 SH DEFINED 01 50000
DEERE & CO COM 244199105 23361 604800 SH SOLE 604800
DEERE & CO COM 244199105 2801 72500 SH DEFINED 01 72500
DELTA & PINE LD CO COM 247357106 17493 568886 SH SOLE 568886
DIEBOLD INC COM 253651103 26893 1120500 SH SOLE 1120500
DIEBOLD INC COM 253651103 2448 102000 SH DEFINED 01 102000
DISNEY WALT CO COM 254687106 1167851 37521283 SH SOLE 37521283
DISNEY WALT CO COM 254687106 112456 3613035 SH DEFINED 01 3613035
DONALDSON INC COM 257651109 29320 1628900 SH SOLE 1628900
DONNELLEY R R & SONS CO COM 257867101 89282 2773800 SH SOLE 2773800
DOW CHEM CO COM 260543103 187038 2007100 SH SOLE 2007100
DOW CHEM CO COM 260543103 9691 104000 SH DEFINED 01 104000
DU PONT E I DE NEMOURS & CO COM 263534109 67893 1169300 SH SOLE 1169300
DU PONT E I DE NEMOURS & CO COM 263534109 22929 394900 SH DEFINED 01 394900
DUKE ENERGY CORP COM 264399106 246346 4495000 SH SOLE 4495000
DUKE ENERGY CORP COM 264399106 9178 168000 SH DEFINED 01 168000
DUKE REALTY INVT INC COM NEW 264411505 8600 400000 SH SOLE 400000
E M C CORP MASS COM 268648102 10322 80800 SH SOLE 80800
ELECTRONIC DATA SYS NEW COM 285661104 68547 1407900 SH SOLE 1407900
ELECTRONIC DATA SYS NEW COM 285661104 1928 39600 SH DEFINED 01 39600
EMERSON ELEC CO COM 291011104 130714 2469220 SH SOLE 2469220
EMERSON ELEC CO COM 291011104 7443 140600 SH DEFINED 01 140600
ENGELHARD CORP COM 292845104 163801 9670894 SH SOLE 9670894
ERICSSON L M TEL CO ADR CL B SEK10 294821400 301941 12679900 SH SOLE 12679900
ERICSSON L M TEL CO ADR CL B SEK10 294821400 16931 711000 SH DEFINED 01 711000
EXXON CORP COM 302290101 891939 12640400 SH SOLE 12640400
EXXON CORP COM 302290101 53924 764200 SH DEFINED 01 764200
FPL GROUP INC COM 302571104 71557 1343800 SH SOLE 1343800
FPL GROUP INC COM 302571104 6055 113700 SH DEFINED 01 113700
FASTENAL CO COM 311900104 10343 295000 SH SOLE 295000
FEDERAL HOME LN MTG CORP COM 313400301 13967 243700 SH SOLE 243700
FEDERAL HOME LN MTG CORP COM 313400301 6952 121700 SH DEFINED 01 121700
FEDERAL NATL MTG ASSN COM 313586109 53855 777700 SH SOLE 777700
FEDERAL NATL MTG ASSN COM 313586109 11966 172800 SH DEFINED 01 172800
FINOVA GROUP INC COM 317928109 29102 561000 SH SOLE 561000
FINOVA GROUP INC COM 317928109 2402 46300 SH DEFINED 01 46300
FIRST SEC CORP DEL COM 336294103 42054 2177575 SH SOLE 2177575
FIRST SEC CORP DEL COM 336294103 2233 115650 SH DEFINED 01 115650
FIRST VA BANKS INC COM 337477103 50439 1104000 SH SOLE 1104000
FIRST VA BANKS INC COM 337477103 2549 55800 SH DEFINED 01 55800
GATX CORP COM 361448103 194022 5890600 SH SOLE 5890600
GENERAL ELEC CO COM 369604103 957811 8658168 SH SOLE 8658168
GENERAL ELEC CO COM 369604103 103003 931100 SH DEFINED 01 931100
GILLETTE CO COM 375766102 265989 4475100 SH SOLE 4475100
GILLETTE CO COM 375766102 47550 800000 SH DEFINED 01 800000
GOLDEN WEST FINL CORP DEL COM 381317106 193426 2025400 SH SOLE 2025400
GOLDEN WEST FINL CORP DEL COM 381317106 7544 79000 SH DEFINED 01 79000
GRANITE BROADCASTING CORP COM 387241102 113 17081 SH SOLE 17081
GREAT LAKES CHEM CORP COM 390568103 173142 4711300 SH SOLE 4711300
GREAT LAKES CHEM CORP COM 390568103 26816 729700 SH DEFINED 01 729700
HELMERICH & PAYNE INC COM 423452101 93668 4128600 SH SOLE 4128600
HEWLETT PACKARD CO COM 428236103 1273336 18777300 SH SOLE 18777300
HEWLETT PACKARD CO COM 428236103 123012 1814000 SH DEFINED 01 1814000
HON INDS INC COM 438092108 126518 5767200 SH SOLE 5767200
HON INDS INC COM 438092108 35082 1599200 SH DEFINED 01 1599200
HUMAN GENOME SCIENCES INC COM 444903108 3469 100000 SH SOLE 100000
ILLINOIS SUPERCONDUCTOR CORP COM 452284102 211 225000 SH SOLE 225000
ILLINOIS TOOL WKS INC COM 452308109 605355 9783500 SH SOLE 9783500
ILLINOIS TOOL WKS INC COM 452308109 5569 90000 SH DEFINED 01 90000
INGERSOLL RAND CO COM 456866102 26572 535450 SH SOLE 535450
INTEL CORP COM 458140100 1694416 14252600 SH SOLE 14252600
INTEL CORP COM 458140100 72583 609300 SH DEFINED 01 609300
INTERNATIONAL BUSINESS MACHS COM 459200101 1375619 7760896 SH SOLE 7760896
INTERNATIONAL BUSINESS MACHS COM 459200101 56152 316800 SH DEFINED 01 316800
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 238417 6347200 SH SOLE 6347200
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 25581 681000 SH DEFINED 01 681000
INTUIT COM 461202103 46357 455600 SH SOLE 455600
JOHNSON & JOHNSON COM 478160104 1608907 17204300 SH SOLE 17204300
JOHNSON & JOHNSON COM 478160104 134798 1438800 SH DEFINED 01 1438800
JOSTENS INC COM 481088102 20589 968898 SH SOLE 968898
KLA-TENCORP CORP COM 482480100 32366 666500 SH SOLE 666500
KLA-TENCORP CORP COM 482480100 2559 52700 SH DEFINED 01 52700
KN ENERGY INC COM 482620101 70045 3513247 SH SOLE 3513247
KN ENERGY INC COM 482620101 7710 386700 SH DEFINED 01 386700
KELLOGG CO COM 487836108 315308 9325200 SH SOLE 9325200
KELLOGG CO COM 487836108 41928 1240000 SH DEFINED 01 1240000
KIMBERLY CLARK CORP COM 494368103 57526 1200000 SH SOLE 1200000
KIMCO REALTY CORP COM 49446R109 15672 425000 SH SOLE 425000
KUBOTA CORP ADR 501173207 1189 23200 SH SOLE 23200
LATTICE SEMICONDUCTOR CORP COM 518415104 74039 1625000 SH SOLE 1625000
LEE ENTERPRISES INC COM 523768109 6508 224400 SH SOLE 224400
LEE ENTERPRISES INC COM 523768109 1218 42000 SH DEFINED 01 42000
LEGGETT & PLATT INC COM 524660107 8000 400000 SH SOLE 400000
LILLY ELI & CO COM 532457108 1578046 18592600 SH SOLE 18592600
LILLY ELI & CO COM 532457108 98388 1159200 SH DEFINED 01 1159200
LINEAR TECHNOLOGY CORP COM 535678106 355306 6932800 SH SOLE 6932800
LINEAR TECHNOLOGY CORP COM 535678106 20111 392400 SH DEFINED 01 392400
LOUISIANA PAC CORP COM 546347105 43516 2336454 SH SOLE 2336454
LUCENT TECHNOLOGIES INC COM 549463107 535202 4956764 SH SOLE 4956764
LUCENT TECHNOLOGIES INC COM 549463107 39809 369454 SH DEFINED 01 369454
M & T BK CORP COM 55261F104 146430 305700 SH SOLE 305700
M & T BK CORP COM 55261F104 3880 8100 SH DEFINED 01 8100
MBNA CORP COM 55262L100 354291 14839425 SH SOLE 14839425
MBNA CORP COM 55262L100 17169 719100 SH DEFINED 01 719100
MCI WORLDCOM INC COM 55268B106 1256687 14189825 SH SOLE 14189825
MCI WORLDCOM INC COM 55268B106 119416 1348386 SH DEFINED 01 1348386
MANPOWER INC COM 56418H100 122941 5259500 SH SOLE 5259500
MCCORMICK & CO INC COM NON VTG 579780206 117740 4060000 SH SOLE 4060000
MCDONALDS CORP COM 580135101 191518 4226600 SH SOLE 4226600
MCDONALDS CORP COM 580135101 14419 318200 SH DEFINED 01 318200
MEDTRONIC INC COM 585055106 122591 1705700 SH SOLE 1705700
MEDTRONIC INC COM 585055106 3645 50800 SH DEFINED 01 50800
MERCK & CO INC COM 589331107 1150502 14358400 SH SOLE 14358400
MERCK & CO INC COM 589331107 37207 464000 SH DEFINED 01 464000
MERRILL LYNCH & CO INC COM 590188108 2655 30000 SH SOLE 30000
MICROSOFT CORP COM 594918104 307091 3426400 SH SOLE 3426400
MICROSOFT CORP COM 594918104 113071 1261600 SH DEFINED 01 1261600
MINERALS TECHNOLOGIES INC COM 603158106 18947 394725 SH SOLE 394725
MINNESOTA MNG & MFG CO COM 604059105 348946 4932100 SH SOLE 4932100
MINNESOTA MNG & MFG CO COM 604059105 15629 220900 SH DEFINED 01 220900
MORGAN J P & CO INC COM 616880100 251265 2036600 SH SOLE 2036600
MORGAN J P & CO INC COM 616880100 7230 58600 SH DEFINED 01 58600
MOTOROLA INC COM 620076109 337156 4602800 SH SOLE 4602800
MOTOROLA INC COM 620076109 24026 328000 SH DEFINED 01 328000
NATIONAL COMM BANCORP COM 635449101 18474 809800 SH DEFINED 01 809800
NEWELL RUBBERMAID INC COM 651229106 370338 7796599 SH SOLE 7796599
NEWELL RUBBERMAID INC COM 651229106 28525 600526 SH DEFINED 01 600526
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 81193 3400758 SH SOLE 3400758
NEWMONT MINING CORP COM 651639106 37206 2126041 SH SOLE 2126041
NEWMONT MINING CORP COM 651639106 1153 65900 SH DEFINED 01 65900
NEXTLINK COMMUNICATIONS INC CL A 65333H707 39429 704100 SH SOLE 704100
NEXTLINK COMMUNICATIONS INC CL A 65333H707 4065 72600 SH DEFINED 01 72600
NOKIA CORP SPONSORED ADR 654902204 74496 478300 SH SOLE 478300
NOKIA CORP SPONSORED ADR 654902204 10108 64900 SH DEFINED 01 64900
NORTHERN TELECOM LTD COM 665815106 248766 4004284 SH SOLE 4004284
NORTHERN TELECOM LTD COM 665815106 13537 217900 SH DEFINED 01 217900
NORTHERN TR CORP COM 665859104 71201 801700 SH SOLE 801700
NORTHERN TR CORP COM 665859104 8216 92500 SH DEFINED 01 92500
NUCOR CORP COM 670346105 315788 7166800 SH SOLE 7166800
NUCOR CORP COM 670346105 15642 355000 SH DEFINED 01 355000
OFFICE DEPOT INC COM 676220106 54590 1458172 SH SOLE 1458172
ORACLE CORP COM 68389X105 17178 651300 SH SOLE 651300
ORACLE CORP COM 68389X105 9091 344700 SH DEFINED 01 344700
OSMONICS INC COM 688350107 7702 966937 SH SOLE 966937
OSMONICS INC COM 688350107 3375 421875 SH DEFINED 01 421875
PNC BK CORP COM 693475105 313096 5635000 SH SOLE 5635000
PACIFIC CENTY FINL CORP COM 694058108 88516 4240278 SH SOLE 4240278
PACIFIC CENTY FINL CORP COM 694058108 17140 821034 SH DEFINED 01 821034
PACIFICORP COM 695114108 93528 5421908 SH SOLE 5421908
PACIFICORP COM 695114108 8209 475900 SH DEFINED 01 475900
PALL CORP COM 696429307 79313 4788700 SH SOLE 4788700
PALL CORP COM 696429307 7039 425000 SH DEFINED 01 425000
PENNZENERGY CO COM 70931Q109 36166 3444372 SH SOLE 3444372
PENNZENERGY CO COM 70931Q109 3175 302320 SH DEFINED 01 302320
PENNZOIL-QUAKER STATE COMPANY COM 709323109 42624 3444372 SH SOLE 3444372
PENNZOIL-QUAKER STATE COMPANY COM 709323109 3741 302320 SH DEFINED 01 302320
PENTON MEDIA INC COM 709668107 18831 836949 SH SOLE 836949
PHARMACIA & UPJOHN INC COM 716941109 108533 1740000 SH SOLE 1740000
PFIZER INC COM 717081103 3437504 24774800 SH SOLE 24774800
PFIZER INC COM 717081103 177600 1280000 SH DEFINED 01 1280000
PIONEER HI BRED INTL INC COM 723686101 346018 9196500 SH SOLE 9196500
PIONEER HI BRED INTL INC COM 723686101 13997 372000 SH DEFINED 01 372000
PITTWAY CORP DEL COM 725790109 3008 114600 SH SOLE 114600
PITTWAY CORP DEL CL A 725790208 41321 1559298 SH SOLE 1559298
POGO PRODUCING CO COM 730448107 71761 5520077 SH SOLE 5520077
POPULAR INC COM 733174106 180290 5839284 SH SOLE 5839284
POPULAR INC COM 733174106 30790 997240 SH DEFINED 01 997240
POST PPTYS INC COM 737464107 8403 231800 SH SOLE 231800
PRAXAIR INC COM 74005P104 23373 648100 SH SOLE 648100
PRAXAIR INC COM 74005P104 2056 57000 SH DEFINED 01 57000
PRECISION CASTPARTS CORP COM 740189105 61627 1531100 SH SOLE 1531100
PROCTER & GAMBLE CO COM 742718109 157072 1603800 SH SOLE 1603800
PROCTER & GAMBLE CO COM 742718109 39900 407400 SH DEFINED 01 407400
PROLOGIS TR SH BEN INT 743410102 19195 936320 SH SOLE 936320
RAYCHEM CORP DEL COM 754603108 124232 5506100 SH SOLE 5506100
RAYCHEM CORP DEL COM 754603108 9558 423600 SH DEFINED 01 423600
REUTERS GROUP PLC SPONSORED ADR 76132M102 360444 4148989 SH SOLE 4148989
REUTERS GROUP PLC SPONSORED ADR 76132M102 28561 328766 SH DEFINED 01 328766
RIO ALGOM LTD COM 766889109 17528 1659500 SH SOLE 1659500
RIO TINTO PLC SPONSORED ADR 767204100 144187 2621555 SH SOLE 2621555
RIO TINTO PLC SPONSORED ADR 767204100 12925 235000 SH DEFINED 01 235000
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 137019 2635000 SH SOLE 2635000
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 36660 705000 SH DEFINED 01 705000
SBC COMMUNICATIONS INC COM 78387G103 661068 14011830 SH SOLE 14011830
SBC COMMUNICATIONS INC COM 78387G103 74363 1578000 SH DEFINED 01 1578000
ST JOE CO COM 790148100 30635 1263300 SH SOLE 1263300
SARA LEE CORP COM 803111103 149213 6028800 SH SOLE 6028800
SARA LEE CORP COM 803111103 6584 266000 SH DEFINED 01 266000
SCHLUMBERGER LTD COM 806857108 15715 261100 SH SOLE 261100
SIGMA ALDRICH CORP COM 826552101 207099 7080280 SH SOLE 7080280
SIGMA ALDRICH CORP COM 826552101 48432 1655800 SH DEFINED 01 1655800
SMITHKLINE BEECHAM PLC ADR REP ORD 832378301 143000 2000000 SH SOLE 2000000
SOUTHERN CO COM 842587107 75188 3225200 SH SOLE 3225200
SOUTHERN CO COM 842587107 8579 368000 SH DEFINED 01 368000
SOUTHTRUST CORP COM 844730101 260660 6985837 SH SOLE 6985837
SOUTHTRUST CORP COM 844730101 16567 444000 SH DEFINED 01 444000
SPRINT CORP COM FON GROUP 852061100 147188 1500000 SH SOLE 1500000
SPRINT CORP PCS COM SER 1 852061506 33234 750000 SH SOLE 750000
STEEL DYNAMICS INC COM 858119100 7512 453500 SH SOLE 453500
STEEL DYNAMICS INC COM 858119100 1657 100000 SH DEFINED 01 100000
STEELCASE INC CL A 858155203 5526 363800 SH SOLE 363800
STEELCASE INC CL A 858155203 1221 80400 SH DEFINED 01 80400
STERICYCLE INC COM 858912108 6973 518900 SH SOLE 518900
SUNTRUST BKS INC COM 867914103 374060 6009000 SH SOLE 6009000
SUNTRUST BKS INC COM 867914103 5995 96300 SH DEFINED 01 96300
SYSCO CORP COM 871829107 32102 1220000 SH SOLE 1220000
SYSCO CORP COM 871829107 2147 81600 SH DEFINED 01 81600
TCF FINL CORP COM 872275102 18418 706900 SH SOLE 706900
TCF FINL CORP COM 872275102 2070 79600 SH DEFINED 01 79600
TECO ENERGY INC COM 872375100 81422 4096700 SH SOLE 4096700
TECO ENERGY INC COM 872375100 4239 213300 SH DEFINED 01 213300
TMBR/SHARP DRILLING INC COM 87257P101 850 200000 SH SOLE 200000
TELE DANMARK A/S SPNSR ADR CL B 879242105 57286 1169100 SH SOLE 1169100
TELE DANMARK A/S SPNSR ADR CL B 879242105 8511 173700 SH DEFINED 01 173700
TEXAS INSTRS INC COM 882508104 10094 101700 SH SOLE 101700
TEXAS UTILS CO COM 882848104 227971 5428966 SH SOLE 5428966
TEXAS UTILS CO COM 882848104 5273 126500 SH DEFINED 01 126500
US BANCORP DEL COM 902973106 45348 1331334 SH SOLE 1331334
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</TABLE>
