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, 2000
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 15, 2000
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: 305
Form 13F Information Table Value Total (X$1000) : 55,605,041
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 54704 889500 SH SOLE 889500
SBS BROADCASTING SA ORD L8137F102 22151 360181 SH DEFINED 01 360181
A D C TELECOMMUNICATIONS COM 000886101 1202166 22313992 SH SOLE 22313992
A D C TELECOMMUNICATIONS COM 000886101 76309 1416400 SH DEFINED 01 1416400
AES CORP COM 00130H105 145594 1848800 SH SOLE 1848800
AES CORP COM 00130H105 11230 142600 SH DEFINED 01 142600
AT&T CORP COM 001957109 644396 11444292 SH SOLE 11444292
AT&T CORP COM 001957109 48094 855000 SH DEFINED 01 855000
ABBOTT LABS COM 002824100 436477 12404300 SH SOLE 12404300
ABBOTT LABS COM 002824100 10363 294500 SH DEFINED 01 294500
AIR PRODS & CHEMS INC COM 009158106 416394 14642400 SH SOLE 14642400
AIR PRODS & CHEMS INC COM 009158106 30144 1060000 SH DEFINED 01 1060000
ALBERTSONS INC COM 013104104 30554 989600 SH SOLE 989600
ALLERGAN INC COM 018490102 284420 5688400 SH SOLE 5688400
ALLERGAN INC COM 018490102 3870 77400 SH DEFINED 01 77400
AMERICAN EXPRESS CO COM 025816109 137007 919900 SH SOLE 919900
AMERICAN HOME PRODS CORP COM 026609107 69671 1296200 SH SOLE 1296200
AMGEN INC COM 031162100 136253 2220000 SH SOLE 2220000
AMSOUTH BANCORPORATION COM 032165102 106635 7138712 SH SOLE 7138712
AMSOUTH BANCORPORATION COM 032165102 5765 385949 SH DEFINED 01 385949
ANADARKO PETE CORP COM 032511107 23893 617600 SH SOLE 617600
APPLIED MATLS INC COM 038222105 142431 1511200 SH SOLE 1511200
APPLIED MATLS INC COM 038222105 20905 221800 SH DEFINED 01 221800
APTARGROUP INC COM 038336103 60702 2274532 SH SOLE 2274532
APTARGROUP INC COM 038336103 6317 236700 SH DEFINED 01 236700
ARCHER DANIELS MIDLAND CO COM 039483102 483506 46857492 SH SOLE 46857492
ARCHER DANIELS MIDLAND CO COM 039483102 41576 4007314 SH DEFINED 01 4007314
ASTRAZENECA PLC SPONSORED ADR 046353108 26719 659723 SH SOLE 659723
ATLANTIC RICHFIELD CO COM 048825103 170000 2000000 SH SOLE 2000000
AUTOMATIC DATA PROCESSING INC COM 053015103 25206 522400 SH SOLE 522400
AUTOMATIC DATA PROCESSING INC COM 053015103 5983 124000 SH DEFINED 01 124000
AVALONBAY CMNTYS INC COM 053484101 25883 706705 SH SOLE 706705
BP AMOCO P L C SPONSORED ADR 055622104 434750 8165970 SH SOLE 8165970
BP AMOCO P L C SPONSORED ADR 055622104 21908 412878 SH DEFINED 01 412878
BRE PROPERTIES INC CL A 05564E106 83281 3226388 SH SOLE 3226388
BANK OF AMERICA CORPORATION COM 060505104 192220 3665706 SH SOLE 3665706
BANK OF AMERICA CORPORATION COM 060505104 24444 466168 SH DEFINED 01 466168
BANK ONE CORP COM 06423A103 395731 11501274 SH SOLE 11501274
BANK ONE CORP COM 06423A103 30917 899422 SH DEFINED 01 899422
BARRICK GOLD CORP COM 067901108 9413 600000 SH SOLE 600000
BARRETT RES CORP COM PAR $0.01 068480201 74345 2493733 SH SOLE 2493733
BARRETT RES CORP COM PAR $0.01 068480201 13129 440400 SH DEFINED 01 440400
BATTLE MTN GOLD CO COM 071593107 6908 3565350 SH SOLE 3565350
BATTLE MTN GOLD CO PFD CONV $3.25 071593305 1306 50000 SH SOLE 50000
BAXTER INTL INC COM 071813109 401293 6401497 SH SOLE 6401497
BELL ATLANTIC CORP COM 077853109 365320 5976600 SH SOLE 5976600
BELL ATLANTIC CORP COM 077853109 3704 60600 SH DEFINED 01 60600
BELLSOUTH CORP COM 079860102 120321 2566300 SH SOLE 2566300
BELLSOUTH CORP COM 079860102 4517 96100 SH DEFINED 01 96100
BIOMET INC COM 090613100 231908 6375500 SH SOLE 6375500
BIOMET INC COM 090613100 71113 1955000 SH DEFINED 01 1955000
BOEING CO COM 097023105 20249 535500 SH SOLE 535500
BOSTON PROPERTIES INC COM 101121101 17338 545000 SH SOLE 545000
BOSTON SCIENTIFIC CORP COM 101137107 48040 2254076 SH SOLE 2254076
BOSTON SCIENTIFIC CORP COM 101137107 1270 59600 SH DEFINED 01 59600
BRADLEY REAL ESTATE INC COM 104580105 6825 400000 SH SOLE 400000
BRISTOL MYERS SQUIBB CO COM 110122108 26857 464700 SH SOLE 464700
BRISTOL MYERS SQUIBB CO COM 110122108 8911 154300 SH DEFINED 01 154300
BROKEN HILL PROPRIETARY LTD SPONSORED ADR 112169602 42036 1932700 SH SOLE 1932700
BROWN TOM INC COM NEW 115660201 47775 2600000 SH SOLE 2600000
CMS ENERGY CORP COM 125896100 18618 1027200 SH SOLE 1027200
CALIPER TECHNOLOGIES CORP COM 130876105 30242 373931 SH SOLE 373931
CAMPBELL SOUP CO COM 134429109 158388 5150800 SH SOLE 5150800
CAMPBELL SOUP CO COM 134429109 3629 118000 SH DEFINED 01 118000
CARDINAL HEALTH INC COM 14149Y108 43593 950244 SH SOLE 950244
CATERPILLAR INC DEL COM 149123101 340776 8640900 SH SOLE 8640900
CATERPILLAR INC DEL COM 149123101 18536 470000 SH DEFINED 01 470000
CHEVRON CORPORATION COM 166751107 671532 7264700 SH SOLE 7264700
CHEVRON CORPORATION COM 166751107 62303 674000 SH DEFINED 01 674000
CISCO SYS INC COM 17275R102 386996 5005600 SH SOLE 5005600
CISCO SYS INC COM 17275R102 121752 1574800 SH DEFINED 01 1574800
CITIGROUP INC COM 172967101 391433 6543000 SH SOLE 6543000
CITIGROUP INC COM 172967101 38983 657250 SH DEFINED 01 657250
CLOROX CO DEL COM 189054109 33477 1015600 SH SOLE 1015600
CLOROX CO DEL COM 189054109 2789 85800 SH DEFINED 01 85800
COCA COLA CO COM 191216100 394566 8406200 SH SOLE 8406200
COCA COLA CO COM 191216100 42286 900900 SH DEFINED 01 900900
COLGATE PALMOLIVE CO COM 194162103 79116 1403400 SH SOLE 1403400
COLGATE PALMOLIVE CO COM 194162103 10362 183800 SH DEFINED 01 183800
COMPAQ COMPUTER CORP COM 204493100 39416 1474400 SH SOLE 1474400
COMPAQ COMPUTER CORP COM 204493100 8579 322200 SH DEFINED 01 322200
CORNING INC COM 219350105 1917942 9886300 SH SOLE 9886300
CORNING INC COM 219350105 107146 552300 SH DEFINED 01 552300
COVANCE INC COM 222816100 16290 1515325 SH SOLE 1515325
COVANCE INC COM 222816100 1485 138075 SH DEFINED 01 138075
CUMMINS ENGINE INC COM 231021106 5657 150600 SH SOLE 150600
CUMMINS ENGINE INC COM 231021106 1878 50000 SH DEFINED 01 50000
DEERE & CO COM 244199105 22995 605100 SH SOLE 605100
DEERE & CO COM 244199105 2755 72500 SH DEFINED 01 72500
DELTA & PINE LD CO COM 247357106 6300 318986 SH SOLE 318986
DEVON ENERGY CORP NEW COM 25179M103 74853 1541354 SH SOLE 1541354
DEVON ENERGY CORP NEW COM 25179M103 6570 135287 SH DEFINED 01 135287
DIEBOLD INC COM 253651103 2026 73700 SH SOLE 73700
DIEBOLD INC COM 253651103 1565 56900 SH DEFINED 01 56900
DISNEY WALT CO COM 254687106 1553973 37660283 SH SOLE 37660283
DISNEY WALT CO COM 254687106 149489 3613035 SH DEFINED 01 3613035
DONALDSON INC COM 257651109 36752 1628900 SH SOLE 1628900
DOW CHEM CO COM 260543103 229892 2016600 SH SOLE 2016600
DOW CHEM CO COM 260543103 11856 104000 SH DEFINED 01 104000
DU PONT E I DE NEMOURS & CO COM 263534109 336790 6362655 SH SOLE 6362655
DU PONT E I DE NEMOURS & CO COM 263534109 31979 604809 SH DEFINED 01 604809
DUKE ENERGY CORP COM 264399106 214069 4077500 SH SOLE 4077500
DUKE ENERGY CORP COM 264399106 8820 168000 SH DEFINED 01 168000
DUKE WEEKS REALTY CORP COM NEW 264411505 16027 838000 SH SOLE 838000
E M C CORP MASS COM 268648102 28413 225500 SH SOLE 225500
ELECTRONIC DATA SYS NEW COM 285661104 76248 1187900 SH SOLE 1187900
ELECTRONIC DATA SYS NEW COM 285661104 2542 39600 SH DEFINED 01 39600
EMERSON ELEC CO COM 291011104 134203 2526920 SH SOLE 2526920
EMERSON ELEC CO COM 291011104 7435 140600 SH DEFINED 01 140600
ENGELHARD CORP COM 292845104 8316 549800 SH SOLE 549800
ERICSSON L M TEL CO ADR CL B SEK10 294821400 1190247 12687500 SH SOLE 12687500
ERICSSON L M TEL CO ADR CL B SEK10 294821400 66701 711000 SH DEFINED 01 711000
EXXON MOBIL CORP COM 30231G102 1012225 12989300 SH SOLE 12989300
EXXON MOBIL CORP COM 30231G102 75385 968800 SH DEFINED 01 968800
FPL GROUP INC COM 302571104 61899 1343800 SH SOLE 1343800
FPL GROUP INC COM 302571104 5238 113700 SH DEFINED 01 113700
FASTENAL CO COM 311900104 9508 198600 SH SOLE 198600
FEDERAL HOME LN MTG CORP COM 313400301 88195 1995900 SH SOLE 1995900
FEDERAL HOME LN MTG CORP COM 313400301 7397 167400 SH DEFINED 01 167400
FEDERAL NATL MTG ASSN COM 313586109 154924 2739000 SH SOLE 2739000
FEDERAL NATL MTG ASSN COM 313586109 14155 250800 SH DEFINED 01 250800
FIRST DATA CORP COM 319963104 4438 100000 SH SOLE 100000
FIRST SEC CORP DEL COM 336294103 24282 2023475 SH SOLE 2023475
FIRST SEC CORP DEL COM 336294103 700 58350 SH DEFINED 01 58350
FIRST UN CORP COM 337358105 5215 140000 SH SOLE 140000
FIRST VA BANKS INC COM 337477103 39159 1042500 SH SOLE 1042500
FORD MTR CO DEL COM 345370100 4704 102400 SH SOLE 102400
GATX CORP COM 361448103 223843 5890600 SH SOLE 5890600
GENERAL ELEC CO COM 369604103 1359059 8735368 SH SOLE 8735368
GENERAL ELEC CO COM 369604103 144495 931100 SH DEFINED 01 931100
GILLETTE CO COM 375766102 244725 6493500 SH SOLE 6493500
GILLETTE CO COM 375766102 32603 865100 SH DEFINED 01 865100
GOLDEN WEST FINL CORP DEL COM 381317106 90554 2903550 SH SOLE 2903550
GRANITE BROADCASTING CORP COM 387241102 122 17081 SH SOLE 17081
GREAT LAKES CHEM CORP COM 390568103 144901 4261800 SH SOLE 4261800
GREAT LAKES CHEM CORP COM 390568103 24810 729700 SH DEFINED 01 729700
GUIDANT CORP COM 401698105 13747 233500 SH SOLE 233500
HELMERICH & PAYNE INC COM 423452101 127987 4128600 SH SOLE 4128600
HEWLETT PACKARD CO COM 428236103 2493807 18805000 SH SOLE 18805000
HEWLETT PACKARD CO COM 428236103 240468 1814000 SH DEFINED 01 1814000
HOME DEPOT INC COM 437076102 164233 2546250 SH SOLE 2546250
HOME DEPOT INC COM 437076102 3567 55300 SH DEFINED 01 55300
HON INDS INC COM 438092108 148506 5767200 SH SOLE 5767200
HON INDS INC COM 438092108 41179 1599200 SH DEFINED 01 1599200
HONEYWELL INTL INC COM 438516106 139548 2648600 SH SOLE 2648600
HONEYWELL INTL INC COM 438516106 14284 271100 SH DEFINED 01 271100
HUMAN GENOME SCIENCES INC COM 444903108 8306 100000 SH SOLE 100000
ILLINOIS TOOL WKS INC COM 452308109 550280 9959800 SH SOLE 9959800
ILLINOIS TOOL WKS INC COM 452308109 4973 90000 SH DEFINED 01 90000
INGERSOLL-RAND CO COM 456866102 23694 535450 SH SOLE 535450
INTEL CORP COM 458140100 3770088 28574800 SH SOLE 28574800
INTEL CORP COM 458140100 160779 1218600 SH DEFINED 01 1218600
INTERNATIONAL BUSINESS MACHS COM 459200101 1838096 15577092 SH SOLE 15577092
INTERNATIONAL BUSINESS MACHS COM 459200101 74765 633600 SH DEFINED 01 633600
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 222549 6347200 SH SOLE 6347200
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 23878 681000 SH DEFINED 01 681000
INTUIT COM 461202103 74320 1366800 SH SOLE 1366800
JOHNSON & JOHNSON COM 478160104 1211169 17245200 SH SOLE 17245200
JOHNSON & JOHNSON COM 478160104 100806 1438800 SH DEFINED 01 1438800
KLA-TENCOR CORP COM 482480100 118388 1405200 SH SOLE 1405200
KLA-TENCOR CORP COM 482480100 18586 220600 SH DEFINED 01 220600
KELLOGG CO COM 487836108 239995 9325200 SH SOLE 9325200
KELLOGG CO COM 487836108 31775 1240000 SH DEFINED 01 1240000
KIMBERLY CLARK CORP COM 494368103 78483 1400069 SH SOLE 1400069
KIMBERLY CLARK CORP COM 494368103 27765 495813 SH DEFINED 01 495813
KIMCO REALTY CORP COM 49446R109 15938 425000 SH SOLE 425000
LATTICE SEMICONDUCTOR CORP COM 518415104 219984 3250000 SH SOLE 3250000
LAUDER ESTEE COS INC CL A 518439104 16581 331200 SH SOLE 331200
LEE ENTERPRISES INC COM 523768109 5862 224400 SH SOLE 224400
LEE ENTERPRISES INC COM 523768109 1097 42000 SH DEFINED 01 42000
LEVEL 3 COMMUNICATIONS INC COM 52729N100 34665 327800 SH SOLE 327800
LILLY ELI & CO COM 532457108 1167100 18628400 SH SOLE 18628400
LILLY ELI & CO COM 532457108 73030 1159200 SH DEFINED 01 1159200
LINEAR TECHNOLOGY CORP COM 535678106 762608 13865600 SH SOLE 13865600
LINEAR TECHNOLOGY CORP COM 535678106 43164 784800 SH DEFINED 01 784800
LUCENT TECHNOLOGIES INC COM 549463107 633278 10257528 SH SOLE 10257528
LUCENT TECHNOLOGIES INC COM 549463107 58685 966008 SH DEFINED 01 966008
M & T BK CORP COM 55261F104 136495 305700 SH SOLE 305700
M & T BK CORP COM 55261F104 3616 8100 SH DEFINED 01 8100
MBNA CORP COM 55262L100 384422 15075325 SH SOLE 15075325
MBNA CORP COM 55262L100 18337 719100 SH DEFINED 01 719100
MCI WORLDCOM INC COM 55268B106 969373 21393086 SH SOLE 21393086
MCI WORLDCOM INC COM 55268B106 91649 2022578 SH DEFINED 01 2022578
MCCORMICK & CO INC COM NON VTG 579780206 140555 4358300 SH SOLE 4358300
MCCORMICK & CO INC COM NON VTG 579780206 6911 214300 SH DEFINED 01 214300
MCDONALDS CORP COM 580135101 227738 6089600 SH SOLE 6089600
MCDONALDS CORP COM 580135101 22398 596300 SH DEFINED 01 596300
MEDTRONIC INC COM 585055106 179573 3491100 SH SOLE 3491100
MEDTRONIC INC COM 585055106 5226 101600 SH DEFINED 01 101600
MERCK & CO INC COM 589331107 916419 14751200 SH SOLE 14751200
MERCK & CO INC COM 589331107 42910 690700 SH DEFINED 01 690700
MERRILL LYNCH & CO INC COM 590188108 3150 30000 SH SOLE 30000
MICROSOFT CORP COM 594918104 498272 4689600 SH SOLE 4689600
MICROSOFT CORP COM 594918104 145148 1366100 SH DEFINED 01 1366100
MINNESOTA MNG & MFG CO COM 604059105 437039 4934800 SH SOLE 4934800
MINNESOTA MNG & MFG CO COM 604059105 19563 220900 SH DEFINED 01 220900
MORGAN J P & CO INC COM 616880100 268454 2037600 SH SOLE 2037600
MORGAN J P & CO INC COM 616880100 7720 58600 SH DEFINED 01 58600
MOTOROLA INC COM 620076109 670998 4605600 SH SOLE 4605600
MOTOROLA INC COM 620076109 46699 328000 SH DEFINED 01 328000
NATIONAL COMM BANCORP COM 635449101 14981 809800 SH DEFINED 01 809800
NEWELL RUBBERMAID INC COM 651229106 193453 7796599 SH SOLE 7796599
NEWELL RUBBERMAID INC COM 651229106 14901 600526 SH DEFINED 01 600526
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 96071 3400758 SH SOLE 3400758
NEWMONT MINING CORP COM 651639106 47703 2126041 SH SOLE 2126041
NEWMONT MINING CORP COM 651639106 1478 65900 SH DEFINED 01 65900
NEXTLINK COMMUNICATIONS INC CL A 65333H707 174177 1408200 SH SOLE 1408200
NEXTLINK COMMUNICATIONS INC CL A 65333H707 17960 145200 SH DEFINED 01 145200
NOKIA CORP SPONSORED ADR 654902204 367812 1660300 SH SOLE 1660300
NOKIA CORP SPONSORED ADR 654902204 33000 151900 SH DEFINED 01 151900
NORTEL NETWORKS CORP COM 656569100 1038619 8242868 SH SOLE 8242868
NORTEL NETWORKS CORP COM 656569100 54911 435800 SH DEFINED 01 435800
NORTHERN TR CORP COM 665859104 109357 1618600 SH SOLE 1618600
NORTHERN TR CORP COM 665859104 12499 185000 SH DEFINED 01 185000
NUCOR CORP COM 670346105 341490 6829800 SH SOLE 6829800
NUCOR CORP COM 670346105 12100 242000 SH DEFINED 01 242000
OFFICE DEPOT INC COM 676220106 25290 2187258 SH SOLE 2187258
ORACLE CORP COM 68389X105 103816 1329900 SH SOLE 1329900
ORACLE CORP COM 68389X105 53816 689400 SH DEFINED 01 689400
OSMONICS INC COM 688350107 7735 966937 SH SOLE 966937
OSMONICS INC COM 688350107 3375 421875 SH DEFINED 01 421875
PNC BK CORP COM 693475105 69500 1542300 SH SOLE 1542300
PPG INDS INC COM 693506107 5231 100000 SH SOLE 100000
PACIFIC CENTY FINL CORP COM 694058108 86131 4240278 SH SOLE 4240278
PACIFIC CENTY FINL CORP COM 694058108 16678 821034 SH DEFINED 01 821034
PALL CORP COM 696429307 52299 2330900 SH SOLE 2330900
PALL CORP COM 696429307 3839 171100 SH DEFINED 01 171100
PENNZOIL-QUAKER STATE COMPANY COM 709323109 35950 3444372 SH SOLE 3444372
PENNZOIL-QUAKER STATE COMPANY COM 709323109 3156 302320 SH DEFINED 01 302320
PEPSICO INC COM 713448108 48591 1393300 SH SOLE 1393300
PHARMACIA & UPJOHN INC COM 716941109 103530 1740000 SH SOLE 1740000
PFIZER INC COM 717081103 2721515 74434600 SH SOLE 74434600
PFIZER INC COM 717081103 140400 3840000 SH DEFINED 01 3840000
POGO PRODUCING CO COM 730448107 157668 5520077 SH SOLE 5520077
POPULAR INC COM 733174106 150882 6800284 SH SOLE 6800284
POPULAR INC COM 733174106 22127 997240 SH DEFINED 01 997240
POST PPTYS INC COM 737464107 9344 231800 SH SOLE 231800
PRECISION CASTPARTS CORP COM 740189105 55885 1531100 SH SOLE 1531100
PROCTER & GAMBLE CO COM 742718109 178578 3152200 SH SOLE 3152200
PROCTER & GAMBLE CO COM 742718109 23681 421000 SH DEFINED 01 421000
PROLOGIS TR SH BEN INT 743410102 18024 936320 SH SOLE 936320
REUTERS GROUP PLC SPONSORED ADR 76132M102 547165 4583589 SH SOLE 4583589
REUTERS GROUP PLC SPONSORED ADR 76132M102 39247 328766 SH DEFINED 01 328766
RIO ALGOM LTD COM 766889109 18573 1641800 SH SOLE 1641800
RIO TINTO PLC SPONSORED ADR 767204100 202525 2842455 SH SOLE 2842455
RIO TINTO PLC SPONSORED ADR 767204100 19723 276800 SH DEFINED 01 276800
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 171505 2969400 SH SOLE 2969400
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 40582 705000 SH DEFINED 01 705000
SBC COMMUNICATIONS INC COM 78387G103 1090792 25900987 SH SOLE 25900987
SBC COMMUNICATIONS INC COM 78387G103 82637 1967536 SH DEFINED 01 1967536
ST JOE CO COM 790148100 36557 1263300 SH SOLE 1263300
SARA LEE CORP COM 803111103 108630 6035000 SH SOLE 6035000
SARA LEE CORP COM 803111103 4788 266000 SH DEFINED 01 266000
SCHERING PLOUGH CORP COM 806605101 4515 121200 SH SOLE 121200
SCHLUMBERGER LTD COM 806857108 22806 298100 SH SOLE 298100
SCHWAB CHARLES CORP NEW COM 808513105 21171 374700 SH SOLE 374700
SCOTTISH PWR PLC SPON ADR FINAL 81013T705 64121 2023566 SH SOLE 2023566
SIGMA ALDRICH CORP COM 826552101 190283 7080280 SH SOLE 7080280
SIGMA ALDRICH CORP COM 826552101 44500 1655800 SH DEFINED 01 1655800
SMITHKLINE BEECHAM PLC ADR REP ORD 832378301 132125 2000000 SH SOLE 2000000
SOLECTRON CORP COM 834182107 15930 397000 SH SOLE 397000
SOUTHERN CO COM 842587107 58632 2695700 SH SOLE 2695700
SOUTHTRUST CORP COM 844730101 177809 6990037 SH SOLE 6990037
SOUTHTRUST CORP COM 844730101 11294 444000 SH DEFINED 01 444000
SPRINT CORP COM FON GROUP 852061100 189750 3000000 SH SOLE 3000000
SPRINT CORP PCS COM SER 1 852061506 98250 1500000 SH SOLE 1500000
STAPLES INC COM 855030102 1996 99800 SH SOLE 99800
STEEL DYNAMICS INC COM 858119100 5243 453500 SH SOLE 453500
STEEL DYNAMICS INC COM 858119100 1156 100000 SH DEFINED 01 100000
SUNTRUST BKS INC COM 867914103 383576 6642000 SH SOLE 6642000
SUNTRUST BKS INC COM 867914103 13467 233200 SH DEFINED 01 233200
SYSCO CORP COM 871829107 70813 1961900 SH SOLE 1961900
SYSCO CORP COM 871829107 5981 167600 SH DEFINED 01 167600
TMBR/SHARP DRILLING INC COM 87257P101 1993 162700 SH SOLE 162700
TARGET CORP COM 87612E106 55704 745200 SH SOLE 745200
TELE DANMARK A/S SPON ADR CL B 879242105 93497 2013400 SH SOLE 2013400
TELE DANMARK A/S SPON ADR CL B 879242105 16132 347400 SH DEFINED 01 347400
TELLABS INC COM 879664100 58796 933500 SH SOLE 933500
TELLABS INC COM 879664100 3105 49300 SH DEFINED 01 49300
TEXAS INSTRS INC COM 882508104 40512 253200 SH SOLE 253200
TEXAS UTILS CO COM 882848104 109903 3701984 SH SOLE 3701984
TEXAS UTILS CO COM 882848104 3755 126500 SH DEFINED 01 126500
US BANCORP DEL COM 902973106 31499 1439946 SH SOLE 1439946
US BANCORP DEL COM 902973106 1219 55701 SH DEFINED 01 55701
UNILEVER N V N Y SHS NEW 904784709 32202 669134 SH SOLE 669134
UNILEVER N V N Y SHS NEW 904784709 7137 148303 SH DEFINED 01 148303
U S WEST INC NEW COM 91273H101 36240 499000 SH SOLE 499000
U S WEST INC NEW COM 91273H101 11570 159300 SH DEFINED 01 159300
VENTANA MED SYS INC COM 92276H106 23744 549800 SH SOLE 549800
VODAFONE AIRTOUCH PLC SPONSORED ADR 92857T107 790242 14222570 SH SOLE 14222570
VODAFONE AIRTOUCH PLC SPONSORED ADR 92857T107 15280 275000 SH DEFINED 01 275000
VULCAN MATLS CO COM 929160109 450466 9832800 SH SOLE 9832800
VULCAN MATLS CO COM 929160109 54947 1199400 SH DEFINED 01 1199400
WACHOVIA CORP COM 929771103 384251 5687332 SH SOLE 5687332
WACHOVIA CORP COM 929771103 21255 314600 SH DEFINED 01 314600
WAL MART STORES INC COM 931142103 582898 10339800 SH SOLE 10339800
WAL MART STORES INC COM 931142103 67311 1212800 SH DEFINED 01 1212800
WALGREEN CO COM 931422109 47038 1826700 SH SOLE 1826700
WARNER LAMBERT CO COM 934488107 43637 446700 SH SOLE 446700
WASHINGTON MUT INC COM 939322103 2711 102300 SH SOLE 102300
WATSON PHARMACEUTICALS INC COM 942683103 30163 760000 SH SOLE 760000
WELLS FARGO & CO NEW COM 949746101 1171015 28729240 SH SOLE 28729240
WELLS FARGO & CO NEW COM 949746101 65246 1593800 SH DEFINED 01 1593800
WESTVACO CORP COM 961548104 20652 618800 SH SOLE 618800
WILLAMETTE INDS INC COM 969133107 34279 854300 SH SOLE 854300
</TABLE>
