UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: 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 August 13, 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) : 50,026,467
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 28687 889500 SH SOLE 889500
SBS BROADCASTING SA ORD L8137F102 11616 360181 SH DEFINED 01 360181
ABB LTD ADS SPONSORED ADR 000375105 97481 1031565 SH SOLE 1031565
ABB LTD ADS SPONSORED ADR 000375105 4351 46043 SH DEFINED 01 46043
A D C TELECOMMUNICATIONS COM 000886101 508341 11156996 SH SOLE 11156996
A D C TELECOMMUNICATIONS COM 000886101 32267 708200 SH DEFINED 01 708200
AES CORP COM 00130H105 107363 1847100 SH SOLE 1847100
AES CORP COM 00130H105 8288 142600 SH DEFINED 01 142600
AT&T CORP COM 001957109 626684 11228392 SH SOLE 11228392
AT&T CORP COM 001957109 47720 855000 SH DEFINED 01 855000
ABBOTT LABS COM 002824100 548759 12093700 SH SOLE 12093700
ABBOTT LABS COM 002824100 4805 105600 SH DEFINED 01 105600
AIR PRODS & CHEMS INC COM 009158106 589195 14638400 SH SOLE 14638400
AIR PRODS & CHEMS INC COM 009158106 42666 1060000 SH DEFINED 01 1060000
ALLERGAN INC COM 018490102 437806 3944200 SH SOLE 3944200
ALLERGAN INC COM 018490102 4296 38700 SH DEFINED 01 38700
ALLIEDSIGNAL INC COM 019512102 81232 1289400 SH SOLE 1289400
ALLIEDSIGNAL INC COM 019512102 10609 168400 SH DEFINED 01 168400
AMERICAN EXPRESS CO COM 025816109 3461 26600 SH SOLE 26600
AMERITECH CORP NEW COM 030954101 660201 8982340 SH SOLE 8982340
AMERITECH CORP NEW COM 030954101 21756 296000 SH DEFINED 01 296000
AMGEN INC COM 031162100 67571 1110000 SH SOLE 1110000
AMSOUTH BANCORPORATION COM 032165102 132560 5716912 SH SOLE 5716912
AMSOUTH BANCORPORATION COM 032165102 5415 233549 SH DEFINED 01 233549
ANADARKO PETE CORP COM 032511107 22735 617600 SH SOLE 617600
APPLIED MATLS INC COM 038222105 35121 475400 SH SOLE 475400
APPLIED MATLS INC COM 038222105 6848 92700 SH DEFINED 01 92700
APTARGROUP INC COM 038336103 59794 1993132 SH SOLE 1993132
ARCHER DANIELS MIDLAND CO COM 039483102 688916 44626186 SH SOLE 44626186
ARCHER DANIELS MIDLAND CO COM 039483102 58917 3816491 SH DEFINED 01 3816491
ASTRAZENECA PLC SPONSORED ADR 046353108 20641 526723 SH SOLE 526723
ATLANTIC RICHFIELD CO COM 048825103 167125 2000000 SH SOLE 2000000
AUTODESK INC COM 052769106 9191 310900 SH SOLE 310900
AUTODESK INC COM 052769106 2264 76600 SH DEFINED 01 76600
AUTOMATIC DATA PROCESSING INC COM 053015103 17477 397200 SH SOLE 397200
AUTOMATIC DATA PROCESSING INC COM 053015103 5456 124000 SH DEFINED 01 124000
AVALONBAY CMNTYS INC COM 053484101 26148 706705 SH SOLE 706705
BP AMOCO P L C SPONSORED ADR 055622104 440691 4061685 SH SOLE 4061685
BP AMOCO P L C SPONSORED ADR 055622104 22399 206439 SH DEFINED 01 206439
BRE PROPERTIES INC CL A 05564E106 91493 3518958 SH SOLE 3518958
BALLARD MED PRODS COM 058566100 19658 843251 SH SOLE 843251
BALLARD MED PRODS COM 058566100 26039 1116951 SH DEFINED 01 1116951
BANK OF AMERICA CORPORATION COM 060505104 99918 1362906 SH SOLE 1362906
BANK OF AMERICA CORPORATION COM 060505104 30709 418868 SH DEFINED 01 418868
BANK ONE CORP COM 06423A103 681978 11449774 SH SOLE 11449774
BANK ONE CORP COM 06423A103 53571 899422 SH DEFINED 01 899422
BARRICK GOLD CORP COM 067901108 11625 600000 SH SOLE 600000
BARRETT RES CORP COM PAR $0.01 068480201 95698 2493733 SH SOLE 2493733
BARRETT RES CORP COM PAR $0.01 068480201 16900 440400 SH DEFINED 01 440400
BATTLE MTN GOLD CO COM 071593107 8691 3565350 SH SOLE 3565350
BATTLE MTN GOLD CO PFD CONV $3.25 071593305 1703 50000 SH SOLE 50000
BAXTER INTL INC COM 071813109 388030 6400497 SH SOLE 6400497
BELL ATLANTIC CORP COM 077853109 381947 5842400 SH SOLE 5842400
BELLSOUTH CORP COM 079860102 108523 2352800 SH SOLE 2352800
BIOMET INC COM 090613100 251897 6337000 SH SOLE 6337000
BIOMET INC COM 090613100 77712 1955000 SH DEFINED 01 1955000
BOSTON PROPERTIES INC COM 101121101 8789 245000 SH SOLE 245000
BOSTON SCIENTIFIC CORP COM 101137107 96811 2203376 SH SOLE 2203376
BOSTON SCIENTIFIC CORP COM 101137107 2619 59600 SH DEFINED 01 59600
BRADLEY REAL ESTATE INC COM 104580105 4150 200000 SH SOLE 200000
BROKEN HILL PROPRIETARY LTD SPONSORED ADR 112169602 45902 1932700 SH SOLE 1932700
BROWN TOM INC COM NEW 115660201 40774 2620000 SH SOLE 2620000
CMS ENERGY CORP COM 125896100 50924 1216100 SH SOLE 1216100
CMS ENERGY CORP COM 125896100 4007 95700 SH DEFINED 01 95700
CAMPBELL SOUP CO COM 134429109 238870 5150800 SH SOLE 5150800
CAMPBELL SOUP CO COM 134429109 5473 118000 SH DEFINED 01 118000
CARDINAL HEALTH INC COM 14149Y108 101598 1584358 SH SOLE 1584358
CATERPILLAR INC DEL COM 149123101 518226 8637100 SH SOLE 8637100
CATERPILLAR INC DEL COM 149123101 28200 470000 SH DEFINED 01 470000
CENTRAL & SOUTH WEST CORP COM 152357109 82290 3520400 SH SOLE 3520400
CHEVRON CORPORATION COM 166751107 689381 7250800 SH SOLE 7250800
CHEVRON CORPORATION COM 166751107 64156 674000 SH DEFINED 01 674000
CHIRON CORP COM 170040109 50533 2435328 SH SOLE 2435328
CISCO SYS INC COM 17275R102 102869 1596000 SH SOLE 1596000
CISCO SYS INC COM 17275R102 43615 676200 SH DEFINED 01 676200
CITIGROUP INC COM 172967101 127081 2675400 SH SOLE 2675400
CITIGROUP INC COM 172967101 23207 488550 SH DEFINED 01 488550
COCA COLA CO COM 191216100 361404 5824700 SH SOLE 5824700
COCA COLA CO COM 191216100 47738 763800 SH DEFINED 01 763800
COLGATE PALMOLIVE CO COM 194162103 64745 657200 SH SOLE 657200
COLGATE PALMOLIVE CO COM 194162103 9075 91900 SH DEFINED 01 91900
COMPAQ COMPUTER CORP COM 204493100 34926 1474400 SH SOLE 1474400
COMPAQ COMPUTER CORP COM 204493100 7632 322200 SH DEFINED 01 322200
CORNING INC COM 219350105 692961 9881800 SH SOLE 9881800
CORNING INC COM 219350105 38731 552300 SH DEFINED 01 552300
COVANCE INC COM 222816100 58672 2451025 SH SOLE 2451025
COVANCE INC COM 222816100 3306 138075 SH DEFINED 01 138075
CUMMINS ENGINE INC COM 231021106 14327 250800 SH SOLE 250800
CUMMINS ENGINE INC COM 231021106 2856 50000 SH DEFINED 01 50000
DEERE & CO COM 244199105 23723 604800 SH SOLE 604800
DEERE & CO COM 244199105 2872 72500 SH DEFINED 01 72500
DELTA & PINE LD CO COM 247357106 17920 568886 SH SOLE 568886
DIEBOLD INC COM 253651103 32214 1120500 SH SOLE 1120500
DIEBOLD INC COM 253651103 2932 102000 SH DEFINED 01 102000
DISNEY WALT CO COM 254687106 1156126 37521283 SH SOLE 37521283
DISNEY WALT CO COM 254687106 111327 3613035 SH DEFINED 01 3613035
DONALDSON INC COM 257651109 39908 1628900 SH SOLE 1628900
DONNELLEY R R & SONS CO COM 257867101 102804 2773800 SH SOLE 2773800
DOW CHEM CO COM 260543103 254651 2007100 SH SOLE 2007100
DOW CHEM CO COM 260543103 13195 104000 SH DEFINED 01 104000
DU PONT E I DE NEMOURS & CO COM 263534109 79878 1169300 SH SOLE 1169300
DU PONT E I DE NEMOURS & CO COM 263534109 26977 394900 SH DEFINED 01 394900
DUKE ENERGY CORP COM 264399106 244685 4495000 SH SOLE 4495000
DUKE ENERGY CORP COM 264399106 9136 168000 SH DEFINED 01 168000
DUKE REALTY INVT INC COM NEW 264411505 9025 400000 SH SOLE 400000
E M C CORP MASS COM 268648102 12309 223800 SH SOLE 223800
ELECTRONIC DATA SYS NEW COM 285661104 79720 1407900 SH SOLE 1407900
ELECTRONIC DATA SYS NEW COM 285661104 2240 39600 SH DEFINED 01 39600
EMERSON ELEC CO COM 291011104 155396 2469220 SH SOLE 2469220
EMERSON ELEC CO COM 291011104 8841 140600 SH DEFINED 01 140600
ENGELHARD CORP COM 292845104 218804 9670894 SH SOLE 9670894
ERICSSON L M TEL CO ADR CL B SEK10 294821400 417645 12679900 SH SOLE 12679900
ERICSSON L M TEL CO ADR CL B SEK10 294821400 23419 711000 SH DEFINED 01 711000
EXXON CORP COM 302290101 975932 12653900 SH SOLE 12653900
EXXON CORP COM 302290101 58939 764200 SH DEFINED 01 764200
FPL GROUP INC COM 302571104 73406 1343800 SH SOLE 1343800
FPL GROUP INC COM 302571104 6211 113700 SH DEFINED 01 113700
FASTENAL CO COM 311900104 15469 295000 SH SOLE 295000
FEDERAL HOME LN MTG CORP COM 313400301 50709 874300 SH SOLE 874300
FEDERAL HOME LN MTG CORP COM 313400301 7059 121700 SH DEFINED 01 121700
FEDERAL NATL MTG ASSN COM 313586109 65786 963900 SH SOLE 963900
FEDERAL NATL MTG ASSN COM 313586109 11815 172800 SH DEFINED 01 172800
FINOVA GROUP INC COM 317928109 29523 561000 SH SOLE 561000
FINOVA GROUP INC COM 317928109 2437 46300 SH DEFINED 01 46300
FIRST DATA CORP COM 319963104 4894 100000 SH SOLE 100000
FIRST SEC CORP DEL COM 336294103 59338 2177575 SH SOLE 2177575
FIRST SEC CORP DEL COM 336294103 3152 115650 SH DEFINED 01 115650
FIRST VA BANKS INC COM 337477103 54235 1104000 SH SOLE 1104000
FIRST VA BANKS INC COM 337477103 2741 55800 SH DEFINED 01 55800
FORD MTR CO DEL COM 345370100 4357 77200 SH SOLE 77200
GATX CORP COM 361448103 224212 5890600 SH SOLE 5890600
GENERAL ELEC CO COM 369604103 978373 8658168 SH SOLE 8658168
GENERAL ELEC CO COM 369604103 105215 931100 SH DEFINED 01 931100
GILLETTE CO COM 375766102 184381 4497100 SH SOLE 4497100
GILLETTE CO COM 375766102 32800 800000 SH DEFINED 01 800000
GOLDEN WEST FINL CORP DEL COM 381317106 198490 2025400 SH SOLE 2025400
GOLDEN WEST FINL CORP DEL COM 381317106 7742 79000 SH DEFINED 01 79000
GRANITE BROADCASTING CORP COM 387241102 133 17081 SH SOLE 17081
GREAT LAKES CHEM CORP COM 390568103 196310 4261800 SH SOLE 4261800
GREAT LAKES CHEM CORP COM 390568103 33612 729700 SH DEFINED 01 729700
GUIDANT CORP COM 401698105 966 18900 SH SOLE 18900
HELMERICH & PAYNE INC COM 423452101 97538 4128600 SH SOLE 4128600
HEWLETT PACKARD CO COM 428236103 1887119 18777300 SH SOLE 18777300
HEWLETT PACKARD CO COM 428236103 182308 1814000 SH DEFINED 01 1814000
HOME DEPOT INC COM 437076102 5754 89300 SH SOLE 89300
HON INDS INC COM 438092108 168330 5767200 SH SOLE 5767200
HON INDS INC COM 438092108 46677 1599200 SH DEFINED 01 1599200
HUMAN GENOME SCIENCES INC COM 444903108 3950 100000 SH SOLE 100000
ILLINOIS SUPERCONDUCTOR CORP COM 452284102 169 225000 SH SOLE 225000
ILLINOIS TOOL WKS INC COM 452308109 799827 9783500 SH SOLE 9783500
ILLINOIS TOOL WKS INC COM 452308109 7380 90000 SH DEFINED 01 90000
INGERSOLL RAND CO COM 456866102 34604 535450 SH SOLE 535450
INTEL CORP COM 458140100 1696060 28505200 SH SOLE 28505200
INTEL CORP COM 458140100 72506 1218600 SH DEFINED 01 1218600
INTERNATIONAL BUSINESS MACHS COM 459200101 2006192 15521792 SH SOLE 15521792
INTERNATIONAL BUSINESS MACHS COM 459200101 81893 633600 SH DEFINED 01 633600
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 279522 6347200 SH SOLE 6347200
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 30219 681000 SH DEFINED 01 681000
INTUIT COM 461202103 41061 455600 SH SOLE 455600
JOHNSON & JOHNSON COM 478160104 1686022 17204300 SH SOLE 17204300
JOHNSON & JOHNSON COM 478160104 141002 1438800 SH DEFINED 01 1438800
JOSTENS INC COM 481088102 14310 679400 SH SOLE 679400
KLA-TENCORP CORP COM 482480100 43239 666500 SH SOLE 666500
KLA-TENCORP CORP COM 482480100 3419 52700 SH DEFINED 01 52700
KN ENERGY INC COM 482620101 46989 3513247 SH SOLE 3513247
KN ENERGY INC COM 482620101 5172 386700 SH DEFINED 01 386700
KELLOGG CO COM 487836108 307732 9325200 SH SOLE 9325200
KELLOGG CO COM 487836108 40920 1240000 SH DEFINED 01 1240000
KIMBERLY CLARK CORP COM 494368103 70617 1238900 SH SOLE 1238900
KIMCO REALTY CORP COM 49446R109 16894 425000 SH SOLE 425000
LATTICE SEMICONDUCTOR CORP COM 518415104 101156 1625000 SH SOLE 1625000
LEE ENTERPRISES INC COM 523768109 6844 224400 SH SOLE 224400
LEE ENTERPRISES INC COM 523768109 1281 42000 SH DEFINED 01 42000
LEGGETT & PLATT INC COM 524660107 11125 400000 SH SOLE 400000
LILLY ELI & CO COM 532457108 1331695 18592600 SH SOLE 18592600
LILLY ELI & CO COM 532457108 83028 1159200 SH DEFINED 01 1159200
LINEAR TECHNOLOGY CORP COM 535678106 466231 6932800 SH SOLE 6932800
LINEAR TECHNOLOGY CORP COM 535678106 26389 392400 SH DEFINED 01 392400
LOUISIANA PAC CORP COM 546347105 52440 2196454 SH SOLE 2196454
LUCENT TECHNOLOGIES INC COM 549463107 673123 9981428 SH SOLE 9981428
LUCENT TECHNOLOGIES INC COM 549463107 49831 738908 SH DEFINED 01 738908
M & T BK CORP COM 55261F104 168135 305700 SH SOLE 305700
M & T BK CORP COM 55261F104 4455 8100 SH DEFINED 01 8100
MBNA CORP COM 55262L100 454457 14839425 SH SOLE 14839425
MBNA CORP COM 55262L100 22023 719100 SH DEFINED 01 719100
MCI WORLDCOM INC COM 55268B106 1221557 14189825 SH SOLE 14189825
MCI WORLDCOM INC COM 55268B106 116299 1348386 SH DEFINED 01 1348386
MANPOWER INC COM 56418H100 76466 3379700 SH SOLE 3379700
MCCORMICK & CO INC COM NON VTG 579780206 128144 4060000 SH SOLE 4060000
MCDONALDS CORP COM 580135101 173869 4226600 SH SOLE 4226600
MCDONALDS CORP COM 580135101 13145 318200 SH DEFINED 01 318200
MEDTRONIC INC COM 585055106 132831 1705700 SH SOLE 1705700
MEDTRONIC INC COM 585055106 3956 50800 SH DEFINED 01 50800
MERCK & CO INC COM 589331107 1057338 14358400 SH SOLE 14358400
MERCK & CO INC COM 589331107 34336 464000 SH DEFINED 01 464000
MERRILL LYNCH & CO INC COM 590188108 2385 30000 SH SOLE 30000
MICROSOFT CORP COM 594918104 309019 3426400 SH SOLE 3426400
MICROSOFT CORP COM 594918104 113781 1261600 SH DEFINED 01 1261600
MINNESOTA MNG & MFG CO COM 604059105 428785 4932100 SH SOLE 4932100
MINNESOTA MNG & MFG CO COM 604059105 19205 220900 SH DEFINED 01 220900
MORGAN J P & CO INC COM 616880100 286142 2036600 SH SOLE 2036600
MORGAN J P & CO INC COM 616880100 8233 58600 SH DEFINED 01 58600
MOTOROLA INC COM 620076109 436116 4602800 SH SOLE 4602800
MOTOROLA INC COM 620076109 31078 328000 SH DEFINED 01 328000
NATIONAL COMM BANCORP COM 635449101 17714 809800 SH DEFINED 01 809800
NEWELL RUBBERMAID INC COM 651229106 361638 7796599 SH SOLE 7796599
NEWELL RUBBERMAID INC COM 651229106 27924 600526 SH DEFINED 01 600526
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 83744 3400758 SH SOLE 3400758
NEWMONT MINING CORP COM 651639106 42255 2126041 SH SOLE 2126041
NEWMONT MINING CORP COM 651639106 1309 65900 SH DEFINED 01 65900
NEXTLINK COMMUNICATIONS INC CL A 65333H707 52368 704100 SH SOLE 704100
NEXTLINK COMMUNICATIONS INC CL A 65333H707 5399 72600 SH DEFINED 01 72600
NOKIA CORP SPONSORED ADR 654902204 87589 956600 SH SOLE 956600
NOKIA CORP SPONSORED ADR 654902204 11885 129800 SH DEFINED 01 129800
NORTEL NETWORKS CORP COM 656569100 350912 4042184 SH SOLE 4042184
NORTEL NETWORKS CORP COM 656569100 18917 217900 SH DEFINED 01 217900
NORTHERN TR CORP COM 665859104 77765 801700 SH SOLE 801700
NORTHERN TR CORP COM 665859104 8973 92500 SH DEFINED 01 92500
NUCOR CORP COM 670346105 329320 6942200 SH SOLE 6942200
NUCOR CORP COM 670346105 13264 279600 SH DEFINED 01 279600
OFFICE DEPOT INC COM 676220106 48256 2187258 SH SOLE 2187258
ORACLE CORP COM 68389X105 24179 651300 SH SOLE 651300
ORACLE CORP COM 68389X105 12797 344700 SH DEFINED 01 344700
OSMONICS INC COM 688350107 10515 966937 SH SOLE 966937
OSMONICS INC COM 688350107 4588 421875 SH DEFINED 01 421875
PNC BK CORP COM 693475105 324718 5635000 SH SOLE 5635000
PPG INDS INC COM 693506107 5906 100000 SH SOLE 100000
PACIFIC CENTY FINL CORP COM 694058108 91430 4240278 SH SOLE 4240278
PACIFIC CENTY FINL CORP COM 694058108 17704 821034 SH DEFINED 01 821034
PACIFICORP COM 695114108 99628 5421908 SH SOLE 5421908
PACIFICORP COM 695114108 8745 475900 SH DEFINED 01 475900
PALL CORP COM 696429307 106250 4788700 SH SOLE 4788700
PALL CORP COM 696429307 9430 425000 SH DEFINED 01 425000
PENNZENERGY CO COM 70931Q109 57285 3444372 SH SOLE 3444372
PENNZENERGY CO COM 70931Q109 5045 302320 SH DEFINED 01 302320
PENNZOIL-QUAKER STATE COMPANY COM 709323109 51666 3444372 SH SOLE 3444372
PENNZOIL-QUAKER STATE COMPANY COM 709323109 4535 302320 SH DEFINED 01 302320
PENTON MEDIA INC COM 709668107 20296 836949 SH SOLE 836949
PEPSICO INC COM 713448108 3807 98400 SH SOLE 98400
PHARMACIA & UPJOHN INC COM 716941109 98854 1740000 SH SOLE 1740000
PFIZER INC COM 717081103 2701580 24774800 SH SOLE 24774800
PFIZER INC COM 717081103 140480 1280000 SH DEFINED 01 1280000
PIONEER HI BRED INTL INC COM 723686101 358088 9196500 SH SOLE 9196500
PIONEER HI BRED INTL INC COM 723686101 14485 372000 SH DEFINED 01 372000
PITTWAY CORP DEL COM 725790109 3818 114600 SH SOLE 114600
PITTWAY CORP DEL CL A 725790208 53309 1559298 SH SOLE 1559298
POGO PRODUCING CO COM 730448107 102811 5520077 SH SOLE 5520077
POPULAR INC COM 733174106 177008 5839284 SH SOLE 5839284
POPULAR INC COM 733174106 30230 997240 SH DEFINED 01 997240
POST PPTYS INC COM 737464107 9504 231800 SH SOLE 231800
PRAXAIR INC COM 74005P104 31717 648100 SH SOLE 648100
PRAXAIR INC COM 74005P104 2789 57000 SH DEFINED 01 57000
PRECISION CASTPARTS CORP COM 740189105 65072 1531100 SH SOLE 1531100
PROCTER & GAMBLE CO COM 742718109 143854 1611800 SH SOLE 1611800
PROCTER & GAMBLE CO COM 742718109 36360 407400 SH DEFINED 01 407400
PROLOGIS TR SH BEN INT 743410102 18960 936320 SH SOLE 936320
RAYCHEM CORP DEL COM 754603108 203726 5506100 SH SOLE 5506100
RAYCHEM CORP DEL COM 754603108 15673 423600 SH DEFINED 01 423600
REUTERS GROUP PLC SPONSORED ADR 76132M102 336327 4148989 SH SOLE 4148989
REUTERS GROUP PLC SPONSORED ADR 76132M102 26651 328766 SH DEFINED 01 328766
RIO ALGOM LTD COM 766889109 23190 1641800 SH SOLE 1641800
RIO TINTO PLC SPONSORED ADR 767204100 176300 2621555 SH SOLE 2621555
RIO TINTO PLC SPONSORED ADR 767204100 15804 235000 SH DEFINED 01 235000
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 176352 2927000 SH SOLE 2927000
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 42476 705000 SH DEFINED 01 705000
SBC COMMUNICATIONS INC COM 78387G103 812686 14011830 SH SOLE 14011830
SBC COMMUNICATIONS INC COM 78387G103 91524 1578000 SH DEFINED 01 1578000
ST JOE CO COM 790148100 34109 1263300 SH SOLE 1263300
SARA LEE CORP COM 803111103 136778 6028800 SH SOLE 6028800
SARA LEE CORP COM 803111103 6035 266000 SH DEFINED 01 266000
SCHLUMBERGER LTD COM 806857108 18928 297200 SH SOLE 297200
SIGMA ALDRICH CORP COM 826552101 243827 7080280 SH SOLE 7080280
SIGMA ALDRICH CORP COM 826552101 57021 1655800 SH DEFINED 01 1655800
SMITHKLINE BEECHAM PLC ADR REP ORD 832378301 132125 2000000 SH SOLE 2000000
SOUTHERN CO COM 842587107 85468 3225200 SH SOLE 3225200
SOUTHERN CO COM 842587107 9752 368000 SH DEFINED 01 368000
SOUTHTRUST CORP COM 844730101 268081 6985837 SH SOLE 6985837
SOUTHTRUST CORP COM 844730101 17038 444000 SH DEFINED 01 444000
SPRINT CORP COM FON GROUP 852061100 159000 3000000 SH SOLE 3000000
SPRINT CORP PCS COM SER 1 852061506 42750 750000 SH SOLE 750000
STEEL DYNAMICS INC COM 858119100 7014 453500 SH SOLE 453500
STEEL DYNAMICS INC COM 858119100 1547 100000 SH DEFINED 01 100000
STERICYCLE INC COM 858912108 7038 518900 SH SOLE 518900
SUNTRUST BKS INC COM 867914103 419194 6037000 SH SOLE 6037000
SUNTRUST BKS INC COM 867914103 6687 96300 SH DEFINED 01 96300
SYSCO CORP COM 871829107 36372 1220000 SH SOLE 1220000
SYSCO CORP COM 871829107 2433 81600 SH DEFINED 01 81600
TCF FINL CORP COM 872275102 19705 706900 SH SOLE 706900
TCF FINL CORP COM 872275102 2219 79600 SH DEFINED 01 79600
TECO ENERGY INC COM 872375100 93199 4096700 SH SOLE 4096700
TECO ENERGY INC COM 872375100 4853 213300 SH DEFINED 01 213300
TMBR/SHARP DRILLING INC COM 87257P101 1088 200000 SH SOLE 200000
TELE DANMARK A/S SPNSR ADR CL B 879242105 60209 2338200 SH SOLE 2338200
TELE DANMARK A/S SPNSR ADR CL B 879242105 8946 347400 SH DEFINED 01 347400
TEXAS INSTRS INC COM 882508104 18144 126000 SH SOLE 126000
TEXAS UTILS CO COM 882848104 224937 5428966 SH SOLE 5428966
TEXAS UTILS CO COM 882848104 5218 126500 SH DEFINED 01 126500
US BANCORP DEL COM 902973106 44495 1331334 SH SOLE 1331334
US BANCORP DEL COM 902973106 2965 87201 SH DEFINED 01 87201
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WASHINGTON MUT INC COM 939322103 1967 55300 SH SOLE 55300
WATSON PHARMACEUTICALS INC COM 942683103 23141 660000 SH SOLE 660000
WEEKS CORP COM 94856P102 3050 100000 SH SOLE 100000
WELLS FARGO & CO NEW COM 949746101 1225893 28675840 SH SOLE 28675840
WELLS FARGO & CO NEW COM 949746101 68135 1593800 SH DEFINED 01 1593800
WESTVACO CORP COM 961548104 17945 618800 SH SOLE 618800
</TABLE>
