UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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 February 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: 321
Form 13F Information Table Value Total (X$1000) : 52,296,755
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
- ------------------------------------------------------------------------------------------------------------------------------------
TRANSOCEAN SEDCO FOREX INC ORD G90078109 1938 57536 SH SOLE 57536
SBS BROADCASTING SA ORD L8137F102 43307 889500 SH SOLE 889500
SBS BROADCASTING SA ORD L8137F102 17536 360181 SH DEFINED 01 360181
A D C TELECOMMUNICATIONS COM 000886101 809585 11156996 SH SOLE 11156996
A D C TELECOMMUNICATIONS COM 000886101 51389 708200 SH DEFINED 01 708200
AES CORP COM 00130H105 138070 1847100 SH SOLE 1847100
AES CORP COM 00130H105 10659 142600 SH DEFINED 01 142600
AT&T CORP COM 001957109 578642 11388892 SH SOLE 11388892
AT&T CORP COM 001957109 43391 855000 SH DEFINED 01 855000
ABBOTT LABS COM 002824100 442493 12185500 SH SOLE 12185500
ABBOTT LABS COM 002824100 10694 294500 SH DEFINED 01 294500
AIR PRODS & CHEMS INC COM 009158106 491307 14638400 SH SOLE 14638400
AIR PRODS & CHEMS INC COM 009158106 35576 1060000 SH DEFINED 01 1060000
ALBERTSONS INC COM 013104104 31914 989600 SH SOLE 989600
ALLERGAN INC COM 018490102 282998 5688400 SH SOLE 5688400
ALLERGAN INC COM 018490102 3851 77400 SH DEFINED 01 77400
AMERICAN EXPRESS CO COM 025816109 152834 919300 SH SOLE 919300
AMERICAN HOME PRODS CORP COM 026609107 50876 1296200 SH SOLE 1296200
AMGEN INC COM 031162100 133340 2220000 SH SOLE 2220000
AMSOUTH BANCORPORATION COM 032165102 131354 6801312 SH SOLE 6801312
AMSOUTH BANCORPORATION COM 032165102 4510 233549 SH DEFINED 01 233549
ANADARKO PETE CORP COM 032511107 21076 617600 SH SOLE 617600
APPLIED MATLS INC COM 038222105 95612 754700 SH SOLE 754700
APPLIED MATLS INC COM 038222105 14049 110900 SH DEFINED 01 110900
APTARGROUP INC COM 038336103 57148 2274532 SH SOLE 2274532
APTARGROUP INC COM 038336103 5947 236700 SH DEFINED 01 236700
ARCHER DANIELS MIDLAND CO COM 039483102 568435 46857495 SH SOLE 46857495
ARCHER DANIELS MIDLAND CO COM 039483102 48839 4007315 SH DEFINED 01 4007315
ASTRAZENECA PLC SPONSORED ADR 046353108 27418 656723 SH SOLE 656723
ATLANTIC RICHFIELD CO COM 048825103 173000 2000000 SH SOLE 2000000
AUTODESK INC COM 052769106 10493 310900 SH SOLE 310900
AUTODESK INC COM 052769106 2585 76600 SH DEFINED 01 76600
AUTOMATIC DATA PROCESSING INC COM 053015103 21399 397200 SH SOLE 397200
AUTOMATIC DATA PROCESSING INC COM 053015103 6681 124000 SH DEFINED 01 124000
AVALONBAY CMNTYS INC COM 053484101 24470 706705 SH SOLE 706705
BP AMOCO P L C SPONSORED ADR 055622104 483304 8148370 SH SOLE 8148370
BP AMOCO P L C SPONSORED ADR 055622104 24489 412878 SH DEFINED 01 412878
BRE PROPERTIES INC CL A 05564E106 73200 3226388 SH SOLE 3226388
BANK OF AMERICA CORPORATION COM 060505104 175974 3506306 SH SOLE 3506306
BANK OF AMERICA CORPORATION COM 060505104 22985 457968 SH DEFINED 01 457968
BANK ONE CORP COM 06423A103 367418 11479874 SH SOLE 11479874
BANK ONE CORP COM 06423A103 28838 899422 SH DEFINED 01 899422
BARRICK GOLD CORP COM 067901108 10613 600000 SH SOLE 600000
BARRETT RES CORP COM PAR $0.01 068480201 73411 2493733 SH SOLE 2493733
BARRETT RES CORP COM PAR $0.01 068480201 12964 440400 SH DEFINED 01 440400
BATTLE MTN GOLD CO COM 071593107 7355 3565350 SH SOLE 3565350
BATTLE MTN GOLD CO PFD CONV $3.25 071593305 1284 50000 SH SOLE 50000
BAXTER INTL INC COM 071813109 402034 6400497 SH SOLE 6400497
BELL ATLANTIC CORP COM 077853109 359676 5842400 SH SOLE 5842400
BELLSOUTH CORP COM 079860102 110142 2352800 SH SOLE 2352800
BIOMET INC COM 090613100 254960 6374000 SH SOLE 6374000
BIOMET INC COM 090613100 78200 1955000 SH DEFINED 01 1955000
BOSTON PROPERTIES INC COM 101121101 16963 545000 SH SOLE 545000
BOSTON SCIENTIFIC CORP COM 101137107 48199 2203376 SH SOLE 2203376
BOSTON SCIENTIFIC CORP COM 101137107 1304 59600 SH DEFINED 01 59600
BRADLEY REAL ESTATE INC COM 104580105 6975 400000 SH SOLE 400000
BRISTOL MYERS SQUIBB CO COM 110122108 1342 20900 SH SOLE 20900
BROKEN HILL PROPRIETARY LTD SPONSORED ADR 112169602 51338 1932700 SH SOLE 1932700
BROWN TOM INC COM NEW 115660201 34775 2600000 SH SOLE 2600000
CMS ENERGY CORP COM 125896100 37928 1216100 SH SOLE 1216100
CMS ENERGY CORP COM 125896100 2985 95700 SH DEFINED 01 95700
CAMPBELL SOUP CO COM 134429109 199273 5150800 SH SOLE 5150800
CAMPBELL SOUP CO COM 134429109 4565 118000 SH DEFINED 01 118000
CARDINAL HEALTH INC COM 14149Y108 59674 1246444 SH SOLE 1246444
CATERPILLAR INC DEL COM 149123101 406488 8637100 SH SOLE 8637100
CATERPILLAR INC DEL COM 149123101 22119 470000 SH DEFINED 01 470000
CHEVRON CORPORATION COM 166751107 628793 7258800 SH SOLE 7258800
CHEVRON CORPORATION COM 166751107 58385 674000 SH DEFINED 01 674000
CISCO SYS INC COM 17275R102 266624 2488900 SH SOLE 2488900
CISCO SYS INC COM 17275R102 84350 787400 SH DEFINED 01 787400
CITIGROUP INC COM 172967101 359794 6462100 SH SOLE 6462100
CITIGROUP INC COM 172967101 33557 603950 SH DEFINED 01 603950
CLOROX CO DEL COM 189054109 51089 1014200 SH SOLE 1014200
CLOROX CO DEL COM 189054109 4322 85800 SH DEFINED 01 85800
COCA COLA CO COM 191216100 484978 8325800 SH SOLE 8325800
COCA COLA CO COM 191216100 52478 900900 SH DEFINED 01 900900
COLGATE PALMOLIVE CO COM 194162103 91098 1401500 SH SOLE 1401500
COLGATE PALMOLIVE CO COM 194162103 11947 183800 SH DEFINED 01 183800
COMPAQ COMPUTER CORP COM 204493100 39901 1474400 SH SOLE 1474400
COMPAQ COMPUTER CORP COM 204493100 8720 322200 SH DEFINED 01 322200
CORNING INC COM 219350105 1274138 9881800 SH SOLE 9881800
CORNING INC COM 219350105 71212 552300 SH DEFINED 01 552300
COVANCE INC COM 222816100 21096 1951025 SH SOLE 1951025
COVANCE INC COM 222816100 1493 138075 SH DEFINED 01 138075
CUMMINS ENGINE INC COM 231021106 12117 250800 SH SOLE 250800
CUMMINS ENGINE INC COM 231021106 2416 50000 SH DEFINED 01 50000
DAYTON HUDSON CORP COM 239753106 54726 745200 SH SOLE 745200
DEERE & CO COM 244199105 26234 604800 SH SOLE 604800
DEERE & CO COM 244199105 3145 72500 SH DEFINED 01 72500
DELTA & PINE LD CO COM 247357106 9884 568886 SH SOLE 568886
DEVON ENERGY CORP NEW COM 25179M103 50671 1541355 SH SOLE 1541355
DEVON ENERGY CORP NEW COM 25179M103 4447 135288 SH DEFINED 01 135288
DIEBOLD INC COM 253651103 4248 180800 SH SOLE 180800
DIEBOLD INC COM 253651103 2397 102000 SH DEFINED 01 102000
DISNEY WALT CO COM 254687106 1100831 37635283 SH SOLE 37635283
DISNEY WALT CO COM 254687106 105682 3613035 SH DEFINED 01 3613035
DONALDSON INC COM 257651109 39196 1628900 SH SOLE 1628900
DOW CHEM CO COM 260543103 269389 2016000 SH SOLE 2016000
DOW CHEM CO COM 260543103 13897 104000 SH DEFINED 01 104000
DU PONT E I DE NEMOURS & CO COM 263534109 418876 6358655 SH SOLE 6358655
DU PONT E I DE NEMOURS & CO COM 263534109 39842 604809 SH DEFINED 01 604809
DUKE ENERGY CORP COM 264399106 204260 4075000 SH SOLE 4075000
DUKE ENERGY CORP COM 264399106 8422 168000 SH DEFINED 01 168000
DUKE WEEKS REALTY CORP COM NEW 264411505 16341 838000 SH SOLE 838000
E M C CORP MASS COM 268648102 24450 223800 SH SOLE 223800
ELECTRONIC DATA SYS NEW COM 285661104 79515 1187900 SH SOLE 1187900
ELECTRONIC DATA SYS NEW COM 285661104 2651 39600 SH DEFINED 01 39600
EMERSON ELEC CO COM 291011104 143645 2503620 SH SOLE 2503620
EMERSON ELEC CO COM 291011104 8067 140600 SH DEFINED 01 140600
ENGELHARD CORP COM 292845104 18875 1000000 SH SOLE 1000000
ERICSSON L M TEL CO ADR CL B SEK10 294821400 832916 12679900 SH SOLE 12679900
ERICSSON L M TEL CO ADR CL B SEK10 294821400 46705 711000 SH DEFINED 01 711000
EXXON MOBIL CORP COM 30231G102 1027365 12752400 SH SOLE 12752400
EXXON MOBIL CORP COM 30231G102 65321 810800 SH DEFINED 01 810800
FPL GROUP INC COM 302571104 57532 1343800 SH SOLE 1343800
FPL GROUP INC COM 302571104 4868 113700 SH DEFINED 01 113700
FASTENAL CO COM 311900104 13257 295000 SH SOLE 295000
FEDERAL HOME LN MTG CORP COM 313400301 92864 1973200 SH SOLE 1973200
FEDERAL HOME LN MTG CORP COM 313400301 7878 167400 SH DEFINED 01 167400
FEDERAL MOGUL CORP COM 313549107 553 27500 SH SOLE 27500
FEDERAL NATL MTG ASSN COM 313586109 169987 2722500 SH SOLE 2722500
FEDERAL NATL MTG ASSN COM 313586109 15659 250800 SH DEFINED 01 250800
FINOVA GROUP INC COM 317928109 3071 86500 SH SOLE 86500
FINOVA GROUP INC COM 317928109 1643 46300 SH DEFINED 01 46300
FIRST DATA CORP COM 319963104 4931 100000 SH SOLE 100000
FIRST SEC CORP DEL COM 336294103 55596 2177575 SH SOLE 2177575
FIRST SEC CORP DEL COM 336294103 2953 115650 SH DEFINED 01 115650
FIRST UN CORP COM 337358105 10525 320000 SH SOLE 320000
FIRST UN CORP COM 337358105 4088 124600 SH DEFINED 01 124600
FIRST VA BANKS INC COM 337477103 47473 1104000 SH SOLE 1104000
FIRST VA BANKS INC COM 337477103 2400 55800 SH DEFINED 01 55800
FORD MTR CO DEL COM 345370100 4116 77200 SH SOLE 77200
GATX CORP COM 361448103 198809 5890600 SH SOLE 5890600
GENERAL ELEC CO COM 369604103 1347356 8706668 SH SOLE 8706668
GENERAL ELEC CO COM 369604103 144088 931100 SH DEFINED 01 931100
GILLETTE CO COM 375766102 263917 6407600 SH SOLE 6407600
GILLETTE CO COM 375766102 35631 865100 SH DEFINED 01 865100
GOLDEN WEST FINL CORP DEL COM 381317106 106284 3172650 SH SOLE 3172650
GOLDEN WEST FINL CORP DEL COM 381317106 7940 237000 SH DEFINED 01 237000
GRANITE BROADCASTING CORP COM 387241102 173 17081 SH SOLE 17081
GREAT LAKES CHEM CORP COM 390568103 162750 4261800 SH SOLE 4261800
GREAT LAKES CHEM CORP COM 390568103 27866 729700 SH DEFINED 01 729700
GUIDANT CORP COM 401698105 888 18900 SH SOLE 18900
HELMERICH & PAYNE INC COM 423452101 89797 4128600 SH SOLE 4128600
HEWLETT PACKARD CO COM 428236103 2138257 18794200 SH SOLE 18794200
HEWLETT PACKARD CO COM 428236103 206682 1814000 SH DEFINED 01 1814000
HOME DEPOT INC COM 437076102 163381 2376450 SH SOLE 2376450
HON INDS INC COM 438092108 126519 5767200 SH SOLE 5767200
HON INDS INC COM 438092108 35083 1599200 SH DEFINED 01 1599200
HONEYWELL INTL INC COM 438516106 147657 2559600 SH SOLE 2559600
HONEYWELL INTL INC COM 438516106 12686 219900 SH DEFINED 01 219900
HUMAN GENOME SCIENCES INC COM 444903108 15263 100000 SH SOLE 100000
ILLINOIS TOOL WKS INC COM 452308109 672724 9957000 SH SOLE 9957000
ILLINOIS TOOL WKS INC COM 452308109 6080 90000 SH DEFINED 01 90000
INGERSOLL-RAND CO COM 456866102 29483 535450 SH SOLE 535450
INTEL CORP COM 458140100 2350118 28551000 SH SOLE 28551000
INTEL CORP COM 458140100 100306 1218600 SH DEFINED 01 1218600
INTERNATIONAL BUSINESS MACHS COM 459200101 1678097 15555092 SH SOLE 15555092
INTERNATIONAL BUSINESS MACHS COM 459200101 68429 633600 SH DEFINED 01 633600
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 238894 6347200 SH SOLE 6347200
INTERNATIONAL FLAVORS&FRAGRANC COM 459506101 25708 681000 SH DEFINED 01 681000
INTUIT COM 461202103 81923 1366800 SH SOLE 1366800
JOHNSON & JOHNSON COM 478160104 1606047 17225200 SH SOLE 17225200
JOHNSON & JOHNSON COM 478160104 133989 1438800 SH DEFINED 01 1438800
KLA-TENCORP CORP COM 482480100 78208 702200 SH SOLE 702200
KLA-TENCORP CORP COM 482480100 12285 110300 SH DEFINED 01 110300
KELLOGG CO COM 487836108 287336 9325200 SH SOLE 9325200
KELLOGG CO COM 487836108 38208 1240000 SH DEFINED 01 1240000
KIMBERLY CLARK CORP COM 494368103 91014 1391269 SH SOLE 1391269
KIMBERLY CLARK CORP COM 494368103 32351 495813 SH DEFINED 01 495813
KIMCO REALTY CORP COM 49446R109 14397 425000 SH SOLE 425000
LATTICE SEMICONDUCTOR CORP COM 518415104 153156 3250000 SH SOLE 3250000
LAUDER ESTEE COS INC CL A 518439104 16705 331200 SH SOLE 331200
LEE ENTERPRISES INC COM 523768109 7167 224400 SH SOLE 224400
LEE ENTERPRISES INC COM 523768109 1341 42000 SH DEFINED 01 42000
LEVEL 3 COMMUNICATIONS INC COM 52729N100 26839 327800 SH SOLE 327800
LILLY ELI & CO COM 532457108 1237652 18611300 SH SOLE 18611300
LILLY ELI & CO COM 532457108 77087 1159200 SH DEFINED 01 1159200
LINEAR TECHNOLOGY CORP COM 535678106 496132 6932800 SH SOLE 6932800
LINEAR TECHNOLOGY CORP COM 535678106 28082 392400 SH DEFINED 01 392400
LOUISIANA PAC CORP COM 546347105 15806 1123954 SH SOLE 1123954
LUCENT TECHNOLOGIES INC COM 549463107 752201 10031928 SH SOLE 10031928
LUCENT TECHNOLOGIES INC COM 549463107 64272 859108 SH DEFINED 01 859108
M & T BK CORP COM 55261F104 126637 305700 SH SOLE 305700
M & T BK CORP COM 55261F104 3355 8100 SH DEFINED 01 8100
MBNA CORP COM 55262L100 410644 15069525 SH SOLE 15069525
MBNA CORP COM 55262L100 19596 719100 SH DEFINED 01 719100
MCI WORLDCOM INC COM 55268B106 1132018 21333486 SH SOLE 21333486
MCI WORLDCOM INC COM 55268B106 107323 2022578 SH DEFINED 01 2022578
MCCORMICK & CO INC COM NON VTG 579780206 120785 4060000 SH SOLE 4060000
MCDONALDS CORP COM 580135101 233915 5802500 SH SOLE 5802500
MCDONALDS CORP COM 580135101 20575 510400 SH DEFINED 01 510400
MEDTRONIC INC COM 585055106 127118 3488600 SH SOLE 3488600
MEDTRONIC INC COM 585055106 3702 101600 SH DEFINED 01 101600
MERCK & CO INC COM 589331107 979355 14577700 SH SOLE 14577700
MERCK & CO INC COM 589331107 43377 646800 SH DEFINED 01 646800
MERRILL LYNCH & CO INC COM 590188108 2499 30000 SH SOLE 30000
MICROSOFT CORP COM 594918104 538848 4615400 SH SOLE 4615400
MICROSOFT CORP COM 594918104 159492 1366100 SH DEFINED 01 1366100
MINNESOTA MNG & MFG CO COM 604059105 482731 4932100 SH SOLE 4932100
MINNESOTA MNG & MFG CO COM 604059105 21621 220900 SH DEFINED 01 220900
MORGAN J P & CO INC COM 616880100 257885 2036600 SH SOLE 2036600
MORGAN J P & CO INC COM 616880100 7420 58600 SH DEFINED 01 58600
MOTOROLA INC COM 620076109 677763 4602800 SH SOLE 4602800
MOTOROLA INC COM 620076109 48298 328000 SH DEFINED 01 328000
NATIONAL COMM BANCORP COM 635449101 18372 809800 SH DEFINED 01 809800
NEW ERA OF NETWORKS INC COM 644312100 353 7415 SH SOLE 7415
NEWELL RUBBERMAID INC COM 651229106 226101 7796599 SH SOLE 7796599
NEWELL RUBBERMAID INC COM 651229106 17415 600526 SH DEFINED 01 600526
NEWHALL LAND & FARMING CO CAL DEPOSITARY REC 651426108 91820 3400758 SH SOLE 3400758
NEWMONT MINING CORP COM 651639106 52088 2126041 SH SOLE 2126041
NEWMONT MINING CORP COM 651639106 1614 65900 SH DEFINED 01 65900
NEXTLINK COMMUNICATIONS INC CL A 65333H707 116969 1408200 SH SOLE 1408200
NEXTLINK COMMUNICATIONS INC CL A 65333H707 12060 145200 SH DEFINED 01 145200
NOKIA CORP SPONSORED ADR 654902204 316246 1656100 SH SOLE 1656100
NOKIA CORP SPONSORED ADR 654902204 28861 151900 SH DEFINED 01 151900
NORTEL NETWORKS CORP COM 656569100 832297 8240568 SH SOLE 8240568
NORTEL NETWORKS CORP COM 656569100 44016 435800 SH DEFINED 01 435800
NORTHERN TR CORP COM 665859104 85764 1618200 SH SOLE 1618200
NORTHERN TR CORP COM 665859104 9805 185000 SH DEFINED 01 185000
NUCOR CORP COM 670346105 374362 6829800 SH SOLE 6829800
NUCOR CORP COM 670346105 13265 242000 SH DEFINED 01 242000
OFFICE DEPOT INC COM 676220106 24060 2187258 SH SOLE 2187258
ORACLE CORP COM 68389X105 74231 662400 SH SOLE 662400
ORACLE CORP COM 68389X105 38628 344700 SH DEFINED 01 344700
OSMONICS INC COM 688350107 8884 966937 SH SOLE 966937
OSMONICS INC COM 688350107 3876 421875 SH DEFINED 01 421875
PNC BK CORP COM 693475105 73972 1662300 SH SOLE 1662300
PPG INDS INC COM 693506107 6256 100000 SH SOLE 100000
PACIFIC CENTY FINL CORP COM 694058108 79241 4240278 SH SOLE 4240278
PACIFIC CENTY FINL CORP COM 694058108 15344 821034 SH DEFINED 01 821034
PALL CORP COM 696429307 58540 2714800 SH SOLE 2714800
PALL CORP COM 696429307 3689 171100 SH DEFINED 01 171100
PENNZOIL-QUAKER STATE COMPANY COM 709323109 35089 3444372 SH SOLE 3444372
PENNZOIL-QUAKER STATE COMPANY COM 709323109 3080 302320 SH DEFINED 01 302320
PENTON MEDIA INC COM 709668107 20087 836949 SH SOLE 836949
PEPSICO INC COM 713448108 49019 1390600 SH SOLE 1390600
PHARMACIA & UPJOHN INC COM 716941109 78300 1740000 SH SOLE 1740000
PFIZER INC COM 717081103 2412968 74387400 SH SOLE 74387400
PFIZER INC COM 717081103 124560 3840000 SH DEFINED 01 3840000
PITTWAY CORP DEL COM 725790109 5164 114600 SH SOLE 114600
PITTWAY CORP DEL CL A 725790208 69877 1559298 SH SOLE 1559298
POGO PRODUCING CO COM 730448107 112471 5520077 SH SOLE 5520077
POPULAR INC COM 733174106 188630 6751884 SH SOLE 6751884
POPULAR INC COM 733174106 27860 997240 SH DEFINED 01 997240
POST PPTYS INC COM 737464107 8866 231800 SH SOLE 231800
PRAXAIR INC COM 74005P104 3059 60800 SH SOLE 60800
PRAXAIR INC COM 74005P104 2868 57000 SH DEFINED 01 57000
PRECISION CASTPARTS CORP COM 740189105 40191 1531100 SH SOLE 1531100
PROCTER & GAMBLE CO COM 742718109 343832 3138200 SH SOLE 3138200
PROCTER & GAMBLE CO COM 742718109 46126 421000 SH DEFINED 01 421000
PROLOGIS TR SH BEN INT 743410102 18024 936320 SH SOLE 936320
REUTERS GROUP PLC SPONSORED ADR 76132M102 370226 4581289 SH SOLE 4581289
REUTERS GROUP PLC SPONSORED ADR 76132M102 26569 328766 SH DEFINED 01 328766
RIO ALGOM LTD COM 766889109 23910 1641800 SH SOLE 1641800
RIO TINTO PLC SPONSORED ADR 767204100 248392 2621555 SH SOLE 2621555
RIO TINTO PLC SPONSORED ADR 767204100 22267 235000 SH DEFINED 01 235000
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 178621 2950700 SH SOLE 2950700
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 42609 705000 SH DEFINED 01 705000
SBC COMMUNICATIONS INC COM 78387G103 1261025 25867188 SH SOLE 25867188
SBC COMMUNICATIONS INC COM 78387G103 95918 1967536 SH DEFINED 01 1967536
ST JOE CO COM 790148100 30715 1263300 SH SOLE 1263300
SARA LEE CORP COM 803111103 133012 6028800 SH SOLE 6028800
SARA LEE CORP COM 803111103 5869 266000 SH DEFINED 01 266000
SCHERING PLOUGH CORP COM 806605101 1360 32100 SH SOLE 32100
SCHLUMBERGER LTD COM 806857108 16680 297200 SH SOLE 297200
SCHWAB CHARLES CORP NEW COM 808513105 14263 372900 SH SOLE 372900
SCOTTISH PWR PLC SPON ADR FINAL 81013T705 65651 2344712 SH SOLE 2344712
SCOTTISH PWR PLC SPON ADR FINAL 81013T705 6663 237974 SH DEFINED 01 237974
SIGMA ALDRICH CORP COM 826552101 212853 7080280 SH SOLE 7080280
SIGMA ALDRICH CORP COM 826552101 49778 1655800 SH DEFINED 01 1655800
SMITHKLINE BEECHAM PLC ADR REP ORD 832378301 128250 2000000 SH SOLE 2000000
SOLECTRON CORP COM 834182107 18882 198500 SH SOLE 198500
SOUTHERN CO COM 842587107 75793 3225200 SH SOLE 3225200
SOUTHERN CO COM 842587107 8648 368000 SH DEFINED 01 368000
SOUTHTRUST CORP COM 844730101 264154 6985837 SH SOLE 6985837
SOUTHTRUST CORP COM 844730101 16788 444000 SH DEFINED 01 444000
SPRINT CORP COM FON GROUP 852061100 201938 3000000 SH SOLE 3000000
SPRINT CORP PCS COM SER 1 852061506 76875 750000 SH SOLE 750000
STAPLES INC COM 855030102 847 40800 SH SOLE 40800
STEEL DYNAMICS INC COM 858119100 7228 453500 SH SOLE 453500
STEEL DYNAMICS INC COM 858119100 1594 100000 SH DEFINED 01 100000
STERICYCLE INC COM 858912108 9762 518900 SH SOLE 518900
SUNTRUST BKS INC COM 867914103 450524 6547100 SH SOLE 6547100
SUNTRUST BKS INC COM 867914103 12339 179300 SH DEFINED 01 179300
SYSCO CORP COM 871829107 73998 1870400 SH SOLE 1870400
SYSCO CORP COM 871829107 3228 81600 SH DEFINED 01 81600
TCF FINL CORP COM 872275102 17585 706900 SH SOLE 706900
TCF FINL CORP COM 872275102 1980 79600 SH DEFINED 01 79600
TECO ENERGY INC COM 872375100 4500 242400 SH SOLE 242400
TECO ENERGY INC COM 872375100 3959 213300 SH DEFINED 01 213300
TMBR/SHARP DRILLING INC COM 87257P101 900 162700 SH SOLE 162700
TELE DANMARK A/S SPON ADR CL B 879242105 76006 2013400 SH SOLE 2013400
TELE DANMARK A/S SPON ADR CL B 879242105 13114 347400 SH DEFINED 01 347400
TELLABS INC COM 879664100 16092 250700 SH SOLE 250700
TEXAS INSTRS INC COM 882508104 24350 252000 SH SOLE 252000
TEXAS UTILS CO COM 882848104 131654 3701984 SH SOLE 3701984
TEXAS UTILS CO COM 882848104 4499 126500 SH DEFINED 01 126500
US BANCORP DEL COM 902973106 42114 1768534 SH SOLE 1768534
US BANCORP DEL COM 902973106 4229 177601 SH DEFINED 01 177601
UNILEVER N V N Y SHS NEW 904784709 36367 668033 SH SOLE 668033
UNILEVER N V N Y SHS NEW 904784709 8073 148303 SH DEFINED 01 148303
U S WEST INC NEW COM 91273H101 34768 482900 SH SOLE 482900
U S WEST INC NEW COM 91273H101 11469 159300 SH DEFINED 01 159300
VENTANA MED SYS INC COM 92276H106 13676 549800 SH SOLE 549800
VODAFONE AIRTOUCH PLC SPONSORED ADR 92857T107 703710 14216370 SH SOLE 14216370
VODAFONE AIRTOUCH PLC SPONSORED ADR 92857T107 13613 275000 SH DEFINED 01 275000
VULCAN MATLS CO COM 929160109 392701 9832800 SH SOLE 9832800
VULCAN MATLS CO COM 929160109 47901 1199400 SH DEFINED 01 1199400
WACHOVIA CORP COM 929771103 382366 5623032 SH SOLE 5623032
WACHOVIA CORP COM 929771103 21393 314600 SH DEFINED 01 314600
WAL MART STORES INC COM 931142103 660442 9554300 SH SOLE 9554300
WAL MART STORES INC COM 931142103 83835 1212800 SH DEFINED 01 1212800
WALGREEN CO COM 931422109 53430 1826700 SH SOLE 1826700
WARNER LAMBERT CO COM 934488107 36602 446700 SH SOLE 446700
WASHINGTON MUT INC COM 939322103 2575 99500 SH SOLE 99500
WATSON PHARMACEUTICALS INC COM 942683103 23637 660000 SH SOLE 660000
WELLS FARGO & CO NEW COM 949746101 1160743 28704340 SH SOLE 28704340
WELLS FARGO & CO NEW COM 949746101 64450 1593800 SH DEFINED 01 1593800
WESTVACO CORP COM 961548104 20188 618800 SH SOLE 618800
WILLAMETTE INDS INC COM 969133107 26293 566200 SH SOLE 566200
</TABLE>
