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: Nationwide Mutual Inurance Company
Address: One Nationwide Plaza
Columbus, OH 43215
13F File Number: 28-608
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: Robert J. Woodward, Jr.
Title: Executive Vice President and Chief Investment Officer
Phone: (614)249-7696
Sinature, Place, and Date of Signing:
Robert J. Woodward, Jr. Columbus, Ohio May 10, 1999
Report Type (Check only one.):
( X) 13F HOLDINGS REPORT.
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 328
Form 13F Information Table Value Total: $5,631,308,506
List of Other Included Managers:
No. 13F File Number Name
01 28-607 Nationwide Corporation
02 28-606 Nationwide Life Insurance Company
03 28-1403 Nationwide Mutual Fire Insurance Company
04 28-5914 Employers Life Insurance Company
<TABLE>
<S> <C> <C> <C> <S> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRIN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
ABBOTT LABS COM 002824100 67,597,250 1,444,000 SH SOLE 1,444,000
ACNIELSEN CORP COM 004833109 4,294,783 158,333 SH SOLE 158,333
ACNIELSEN CORP COM 004833109 813,750 30,000 SH DEFINED 03 30,000
ACTEL CORP COM 004934105 170,177 10,353 SH DEFINED 01 10,353
ACUSON CORP COM 005113105 298,750 20,000 SH DEFINED 01 20,000
ADVANCED POLYMER SYS INC COM 00754G102 58,332 13,333 SH DEFINED 01 13,333
AFFILIATED MANAGERS GROUP COM 008252108 743,886 28,611 SH SOLE 28,611
AIRTOUCH COMMUNICATIONS INC COM 00949T100 42,225,125 437,000 SH SOLE 437,000
ALLERGAN INC COM 018490102 11,450,113 130,300 SH SOLE 130,300
ALLERGAN INC COM 018490102 1,933,250 22,000 SH DEFINED 03 22,000
ALLERGAN INC COM 018490102 9,393,838 106,900 SH DEFINED 04 106,900
ALLTEL CORP COM 020039103 4,784,163 76,700 SH SOLE 76,700
ALLTEL CORP COM 020039103 923,150 14,800 SH DEFINED 03 14,800
ALLTEL CORP COM 020039103 1,753,985 28,120 SH DEFINED 04 28,120
ALTERA CORP COM 021441100 1,190,000 20,000 SH DEFINED 01 20,000
AMERICAN HOME PRODS CORP COM 026609107 10,048,500 154,000 SH SOLE 154,000
AMERICAN HOME PRODS CORP COM 026609107 56,349,900 863,600 SH OTHER 01 02 863,600
AMERICAN HOME PRODS CORP COM 026609107 9,526,500 146,000 SH DEFINED 03 146,000
AMERICAN HOME PRODS CORP COM 026609107 3,497,400 53,600 SH DEFINED 04 53,600
AMERICAN INTL GROUP INC COM 026874107 275,656,472 2,285,235 SH SOLE 2,285,235
AMERICAN INTL GROUP INC COM 026874107 78,061,142 647,139 SH OTHER 01 02 647,139
AMERICAN INTL GROUP INC COM 026874107 44,517,501 369,057 SH DEFINED 03 369,057
AMERICAN INTL GROUP INC COM 026874107 6,033,301 50,017 SH DEFINED 04 50,017
AMVESCAP PLC SPONSORED ADR 03235E100 15,795,644 308,584 SH SOLE 308,584
AMVESCAP PLC SPONSORED ADR 03235E100 2,045,760 39,966 SH DEFINED 03 39,966
ANHEUSER BUSCH COS INC COM 035229103 4,384,800 57,600 SH DEFINED 04 57,600
APPLIED MICROSYSTEMS CORP COM 037935103 35,296 12,277 SH DEFINED 01 12,277
ASSOCIATES FIRST CAP CORP CL A 046008108 6,075,180 135,004 SH DEFINED 04 135,004
AUTOZONE CORP COM 053332102 2,581,875 85,000 SH SOLE 85,000
AUTOZONE CORP COM 053332102 455,625 15,000 SH DEFINED 03 15,000
AVERY DENNISON CORP COM 053611109 51,175,000 890,000 SH SOLE 890,000
AVERY DENNISON CORP COM 053611109 11,546,000 200,800 SH DEFINED 03 200,800
AVON PRODS INC COM 054303102 40,869,075 868,400 SH OTHER 01 02 868,400
BP AMOCO P L C SPONSORED ADR 055622104 74,211,467 734,767 SH SOLE 734,767
BP AMOCO P L C SPONSORED ADR 055622104 6,415,520 63,520 SH DEFINED 03 63,520
BMC SOFTWARE INC COM 055921100 1,482,500 40,000 SH DEFINED 01 40,000
BANK NEW YORK INC COM 064057102 2,975,625 82,800 SH DEFINED 04 82,800
BANK ONE CORP COM 06423A103 120,527,399 2,188,920 SH SOLE 2,188,920
BANK ONE CORP COM 06423A103 41,630,829 756,065 SH OTHER 01 02 756,065
BANK ONE CORP COM 06423A103 25,108,444 455,999 SH DEFINED 03 455,999
BAXTER INTL INC COM 071813109 14,406,216 218,276 SH OTHER 01 02 218,276
BELO A H CORP DEL COM SER A 080555105 1,136,063 62,250 SH SOLE 62,250
BELO A H CORP DEL COM SER A 080555105 208,963 11,450 SH DEFINED 03 11,450
BERKSHIRE HATHAWAY INC DEL CL A 084670108 126,235,200 1,768 SH SOLE 1,768
BERKSHIRE HATHAWAY INC DEL CL A 084670108 22,848,000 320 SH OTHER 01 02 320
BERKSHIRE HATHAWAY INC DEL CL A 084670108 13,708,800 192 SH DEFINED 03 192
BLACK & DECKER CORP COM 091797100 22,258,156 401,500 SH SOLE 401,500
BLACK & DECKER CORP COM 091797100 3,808,556 68,700 SH DEFINED 03 68,700
BLACK & DECKER CORP COM 091797100 14,241,894 256,900 SH DEFINED 04 256,900
BORDERS GROUP INC COM 099709107 351,563 25,000 SH DEFINED 03 25,000
BRISTOL MYERS SQUIBB CO COM 110122108 92,186,100 1,437,600 SH SOLE 1,437,600
BRISTOL MYERS SQUIBB CO COM 110122108 52,120,800 812,800 SH OTHER 01 02 812,800
BRISTOL MYERS SQUIBB CO COM 110122108 23,777,550 370,800 SH DEFINED 03 370,800
BRUNSWICK CORP COM 117043109 1,464,000 76,800 SH DEFINED 04 76,800
CBS CORP COM 12490K107 6,476,944 158,700 SH OTHER 01 02 158,700
CATERPILLAR INC DEL COM 149123101 26,643,750 580,000 SH SOLE 580,000
CATERPILLAR INC DEL COM 149123101 11,723,250 255,200 SH OTHER 01 02 255,200
CATERPILLAR INC DEL COM 149123101 9,637,688 209,800 SH DEFINED 03 209,800
CENTURY TEL ENTERPRISES INC COM 156686107 3,347,413 47,650 SH SOLE 47,650
CENTURY TEL ENTERPRISES INC COM 156686107 554,975 7,900 SH DEFINED 03 7,900
CHARTER ONE FINL INC COM 160903100 7,459,462 258,476 SH SOLE 258,476
CHARTER ONE FINL INC COM 160903100 1,206,034 41,790 SH DEFINED 03 41,790
CHARTER ONE FINL INC COM 160903100 1,603,601 55,566 SH DEFINED 04 55,566
CHUBB CORP COM 171232101 21,059,075 359,600 SH OTHER 01 02 359,600
CINCINNATI BELL INC COM 171870108 6,058,125 270,000 SH SOLE 270,000
CINCINNATI BELL INC COM 171870108 897,500 40,000 SH DEFINED 03 40,000
CISCO SYS INC COM 17275R102 37,149,905 339,075 SH OTHER 01 02 339,075
CITIGROUP INC COM 172967101 30,271,768 473,922 SH SOLE 473,922
CITIGROUP INC COM 172967101 41,039,688 642,500 SH OTHER 01 02 642,500
COCA COLA ENTERPRISES INC COM 191216100 24,550,000 400,000 SH SOLE 400,000
COLUMBIA ENERGY GROUP COM 197648108 2,719,613 52,050 SH SOLE 52,050
COLUMBIA ENERGY GROUP COM 197648108 415,388 7,950 SH DEFINED 03 7,950
CONSOLIDATED STORES CORP COM 210149100 7,578,125 250,000 SH SOLE 250,000
CONSOLIDATED STORES CORP COM 210149100 23,183,000 764,800 SH OTHER 01 02 764,800
CONSOLIDATED STORES CORP COM 210149100 1,303,438 43,000 SH DEFINED 03 43,000
CONVERGYS CORP COM 212485106 4,623,750 270,000 SH SOLE 270,000
CONVERGYS CORP COM 212485106 685,000 40,000 SH DEFINED 03 40,000
CORNING INC COM 219350105 33,852,000 564,200 SH OTHER 01 02 564,200
CORNING INC COM 219350105 4,428,000 73,800 SH DEFINED 04 73,800
COVANCE INC COM 222816100 2,436,075 97,200 SH SOLE 97,200
COVANCE INC COM 222816100 370,925 14,800 SH DEFINED 03 14,800
COX COMMUNICATIONS INC NEW CL A 224044107 26,018,933 344,052 SH SOLE 344,052
COX COMMUNICATIONS INC NEW CL A 224044107 38,411,601 507,922 SH OTHER 01 02 507,922
COX COMMUNICATIONS INC NEW CL A 224044107 465,396 6,154 SH DEFINED 03 6,154
CYPRESS SEMICONDUCTOR CORP COM 232806109 90,000 10,000 SH DEFINED 01 10,000
DENTSPLY INTL INC NEW COM 249030107 3,557,250 153,000 SH SOLE 153,000
DENTSPLY INTL INC NEW COM 249030107 744,000 32,000 SH DEFINED 03 32,000
DISNEY WALT CO DEL COM 254687106 51,440,288 1,652,700 SH SOLE 1,652,700
DISNEY WALT CO DEL COM 254687106 19,141,875 615,000 SH OTHER 01 02 615,000
DISNEY WALT CO DEL COM 254687106 3,301,086 106,059 SH DEFINED 04 106,059
DONALDSON LUFKIN & JENRETTE COM 257661108 17,967,600 257,600 SH DEFINED 03 257,600
DOVER CORP COM 260003108 20,908,500 636,000 SH SOLE 636,000
DOVER CORP COM 260003108 5,322,463 161,900 SH DEFINED 03 161,900
DOW CHEM CO COM 260543103 9,896,513 106,200 SH SOLE 106,200
DOW CHEM CO COM 260543103 14,117,906 151,500 SH OTHER 01 02 151,500
DOW CHEM CO COM 260543103 7,408,406 79,500 SH DEFINED 03 79,500
DUN & BRADSTREET CORP COM 264830100 4,631,250 130,000 SH SOLE 130,000
DUN & BRADSTREET CORP COM 264830100 2,871,375 80,600 SH DEFINED 04 80,600
ELECTRONIC ARTS INC COM 285512109 237,500 5,000 SH DEFINED 01 5,000
EL PASO ELEC CO COM NEW 286377854 212,921 27,924 SH DEFINED 03 27,924
EMERSON ELEC CO COM 291011104 15,524,981 293,270 SH SOLE 293,270
EMERSON ELEC CO COM 291011104 1,213,857 22,930 SH DEFINED 03 22,930
EMERSON RADIO CORP COM 291087203 123,549 164,732 SH OTHER 01 02 164,732
EMERSON RADIO CORP COM 291087203 61,775 82,366 SH DEFINED 04 82,366
ENDOSONICS CORP COM 29264K105 144,014 22,156 SH DEFINED 01 22,156
EQUIFAX INC COM 294429105 3,850,000 112,000 SH SOLE 112,000
EQUIFAX INC COM 294429105 721,875 21,000 SH DEFINED 03 21,000
EXABYTE CORP COM 300615101 71,250 15,000 SH DEFINED 01 15,000
EXXON CORP COM 302290101 66,328,750 940,000 SH SOLE 940,000
EXXON CORP COM 302290101 17,386,600 246,400 SH OTHER 01 02 246,400
EXXON CORP COM 302290101 15,354,400 217,600 SH DEFINED 03 217,600
FEDERAL NATL MTG ASSN COM 313586109 53,426,375 771,500 SH SOLE 771,500
FEDERAL NATL MTG ASSN COM 313586109 11,204,650 161,800 SH DEFINED 03 161,800
FEDERAL NATL MTG ASSN COM 313586109 9,383,375 135,500 SH DEFINED 04 135,500
FILENET CORP COM 316869106 120,904 17,272 SH DEFINED 01 17,272
FIRST AMER CORP TENN COM 318900107 4,486,950 121,680 SH SOLE 121,680
FIRST AMER CORP TENN COM 318900107 690,300 18,720 SH DEFINED 03 18,720
FLORIDA PROGRESS CORP COM 341109106 5,662,500 150,000 SH OTHER 01 02 150,000
FORD MTR CO DEL COM 345370100 6,813,838 120,200 SH DEFINED 04 120,200
GANNETT INC COM 364730101 76,847,400 1,219,800 SH SOLE 1,219,800
GANNETT INC COM 364730101 13,986,000 222,000 SH OTHER 01 02 222,000
GANNETT INC COM 364730101 2,217,600 35,200 SH DEFINED 04 35,200
GARTNER GROUP INC NEW COM 366651107 1,667,369 73,900 SH DEFINED 04 73,900
GENERAL ELEC CO COM 369604103 201,226,875 1,819,000 SH SOLE 1,819,000
GENERAL ELEC CO COM 369604103 48,719,250 440,400 SH OTHER 01 02 440,400
GENERAL ELEC CO COM 369604103 79,428,750 718,000 SH DEFINED 03 718,000
GENZYME CORP COM GENL DIV 372917104 821,728 16,292 SH DEFINED 01 16,292
GIBSON GREETINGS INC COM 374827103 351,000 48,000 SH OTHER 01 02 48,000
GIBSON GREETINGS INC COM 374827103 109,688 15,000 SH DEFINED 03 15,000
GIBSON GREETINGS INC COM 374827103 376,594 51,500 SH DEFINED 04 51,500
GILLETTE CO COM 375766102 12,481,875 210,000 SH OTHER 01 02 210,000
GOLDEN WEST FINL CORP DEL COM 381317106 5,682,250 59,500 SH SOLE 59,500
GOLDEN WEST FINL CORP DEL COM 381317106 1,098,250 11,500 SH DEFINED 03 11,500
GRAINGER W W INC COM 384802104 7,316,319 169,900 SH SOLE 169,900
GRAINGER W W INC COM 384802104 1,614,844 37,500 SH DEFINED 03 37,500
HCR MANOR CARE INC COM 404134108 41,554,908 1,821,585 SH SOLE 1,821,585
HCR MANOR CARE INC COM 404134108 5,588,720 244,985 SH DEFINED 03 244,985
HCR MANOR CARE INC COM 404134108 4,010,438 175,800 SH DEFINED 04 175,800
HEALTHSOUTH CORP COM 421924101 11,082,783 1,068,220 SH OTHER 01 02 1,068,220
HEALTH MGMT ASSOC INC NEW CL A 421933102 5,118,750 420,000 SH SOLE 420,000
HEALTH MGMT ASSOC INC NEW CL A 421933102 975,000 80,000 SH DEFINED 03 80,000
HEWLETT PACKARD CO COM 428236103 37,296,875 550,000 SH SOLE 550,000
HEWLETT PACKARD CO COM 428236103 1,017,188 15,000 SH DEFINED 01 15,000
HEWLETT PACKARD CO COM 428236103 9,493,750 140,000 SH DEFINED 03 140,000
HOME DEPOT INC COM 437076102 60,444,750 971,000 SH SOLE 971,000
HOME DEPOT INC COM 437076102 19,272,600 309,600 SH DEFINED 03 309,600
HORACE MANN EDUCATORS CORP NEW COM 440327104 6,761,475 291,600 SH SOLE 291,600
HORACE MANN EDUCATORS CORP NEW COM 440327104 1,103,725 47,600 SH DEFINED 03 47,600
HORACE MANN EDUCATORS CORP NEW COM 440327104 3,895,500 168,000 SH DEFINED 04 168,000
HUNTINGTON BANCSHARES INC COM 446150104 4,547,813 147,000 SH SOLE 147,000
HUNTINGTON BANCSHARES INC COM 446150104 788,906 25,500 SH DEFINED 03 25,500
IMS HEALTH INC COM 449934108 6,633,215 200,248 SH SOLE 200,248
IMS HEALTH INC COM 449934108 9,010,000 272,000 SH OTHER 01 02 272,000
IMS HEALTH INC COM 449934108 5,101,250 154,000 SH DEFINED 04 154,000
IDEXX LABS INC COM 45168D104 718,125 30,000 SH DEFINED 01 30,000
IKON OFFICE SOLUTIONS INC COM 451713101 11,828,500 923,200 SH OTHER 01 02 923,200
IMMUNEX CORP NEW COM 452528102 2,497,500 30,000 SH DEFINED 01 30,000
INGERSOL RAND CO COM 456866102 12,009,250 242,000 SH SOLE 242,000
INGERSOL RAND CO COM 456866102 2,382,000 48,000 SH DEFINED 03 48,000
INTEL CORP COM 458140100 25,023,188 210,500 SH OTHER 01 02 210,500
INTERNATIONAL BUSINESS MACHS COM 459200101 24,815,000 140,000 SH SOLE 140,000
INTERNATIONAL BUSINESS MACHS COM 459200101 45,907,750 259,000 SH OTHER 01 02 259,000
INTERNATIONAL BUSINESS MACHS COM 459200101 3,545,000 20,000 SH DEFINED 03 20,000
INTERNATIONAL BUSINESS MACHS COM 459200101 11,113,575 62,700 SH DEFINED 04 62,700
INTERPORE INTL COM 46062W107 47,948 10,655 SH DEFINED 01 10,655
JOHNS MANVILLE CORP NEW COM 478129109 1,584,223 91,839 SH DEFINED 01 91,839
JOHNSON & JOHNSON COM 478160104 229,869,750 2,458,500 SH SOLE 2,458,500
JOHNSON & JOHNSON COM 478160104 64,458,900 689,400 SH OTHER 01 02 689,400
JOHNSON & JOHNSON COM 478160104 57,801,700 618,200 SH DEFINED 03 618,200
KNIGHT RIDDER NEWSPAPERS INC COM 499040103 10,110,000 202,200 SH OTHER 01 02 202,200
KROGER CO COM 501044101 36,990,775 617,800 SH SOLE 617,800
KROGER CO COM 501044101 9,597,963 160,300 SH DEFINED 03 160,300
LTV CORP NEW COM 501921100 81,700 15,200 SH DEFINED 01 15,200
LANCASTER COLONY CORP COM 513847103 26,979,272 1,013,306 SH SOLE 1,013,306
LANCASTER COLONY CORP COM 513847103 1,331,250 50,000 SH DEFINED 03 50,000
LINEAR TECHNOLOGY CORP COM 535678106 3,895,000 76,000 SH SOLE 76,000
LINEAR TECHNOLOGY CORP COM 535678106 820,000 16,000 SH DEFINED 03 16,000
MBIA INC COM 55262C100 5,121,400 88,300 SH SOLE 88,300
MBIA INC COM 55262C100 678,600 11,700 SH DEFINED 03 11,700
MBIA INC COM 55262C100 626,400 10,800 SH DEFINED 04 10,800
MBNA CORP COM 55262L100 23,587,306 987,950 SH SOLE 987,950
MBNA CORP COM 55262L100 4,763,063 199,500 SH DEFINED 03 199,500
MARSHALL & ILSLEY CORP COM 571834100 2,051,188 37,000 SH SOLE 37,000
MARSHALL & ILSLEY CORP COM 571834100 388,063 7,000 SH DEFINED 03 7,000
MARRIOTT INTL INC NEW CL A 571903202 202,288 6,016 SH OTHER 01 02 6,016
MARTIN MARIETTA MATLS INC COM 573284106 6,157,044 107,900 SH SOLE 107,900
MARTIN MARIETTA MATLS INC COM 573284106 1,318,144 23,100 SH DEFINED 03 23,100
MARTIN MARIETTA MATLS INC COM 573284106 4,656,300 81,600 SH DEFINED 04 81,600
MASCO CORP COM 574599106 3,986,075 141,100 SH DEFINED 04 141,100
MAYTAG CORP COM 578592107 3,616,463 59,900 SH DEFINED 04 59,900
MCDONALDS CORP COM 580135101 9,189,375 202,800 SH DEFINED 04 202,800
MEDIAONE GROUP INC COM 58440J104 35,829,500 564,800 SH OTHER 01 02 564,800
MEDTRONIC INC COM 585055106 34,140,625 475,000 SH OTHER 01 02 475,000
MELLON BK CORP COM 585509102 24,377,900 346,400 SH SOLE 346,400
MELLON BK CORP COM 585509102 8,543,525 121,400 SH OTHER 01 02 121,400
MELLON BK CORP COM 585509102 3,772,100 53,600 SH DEFINED 03 53,600
MELLON BK CORP COM 585509102 17,460,038 248,100 SH DEFINED 04 248,100
MERCANTILE BANCORPORATION INC COM 587405101 5,550,000 150,000 SH SOLE 150,000
MERCANTILE BANCORPORATION INC COM 587405101 925,000 25,000 SH DEFINED 03 25,000
MERCK & CO INC COM 589331107 211,302,445 2,637,160 SH SOLE 2,637,160
MERCK & CO INC COM 589331107 57,571,415 718,520 SH DEFINED 03 718,520
METAL MGMT INC COM 591097100 19,236 12,069 SH DEFINED 01 12,069
MEYER FRED INC DEL NEW COM 592907109 10,008,750 170,000 SH SOLE 170,000
MEYER FRED INC DEL NEW COM 592907109 1,766,250 30,000 SH DEFINED 03 30,000
MILLIPORE CORP COM 601073109 6,755,000 280,000 SH SOLE 280,000
MILLIPORE CORP COM 601073109 15,184,275 629,400 SH OTHER 01 02 629,400
MILLIPORE CORP COM 601073109 928,813 38,500 SH DEFINED 03 38,500
MILLIPORE CORP COM 601073109 2,166,425 89,800 SH DEFINED 04 89,800
MINNESOTA MNG & MFG CO COM 604059105 21,508,000 304,000 SH SOLE 304,000
MINNESOTA MNG & MFG CO COM 604059105 7,782,500 110,000 SH DEFINED 03 110,000
BANK ONE CORP COM 60423A103 5,928,524 107,669 SH DEFINED 04 107,669
MOBIL CORP COM 607059102 58,097,600 660,200 SH SOLE 660,200
MOBIL CORP COM 607059102 10,750,080 122,160 SH OTHER 01 02 122,160
MOLEX INC COM 608554101 32,737,351 1,114,463 SH SOLE 1,114,463
MOLEX INC COM 608554101 13,446,759 457,762 SH DEFINED 03 457,762
MOLEX INC CL A 608554200 32,177,840 1,243,588 SH SOLE 1,243,588
MOLEX INC CL A 608554200 11,844,592 457,762 SH DEFINED 03 457,762
MONSANTO CO COM 611662107 22,440,469 488,500 SH OTHER 01 02 488,500
MORGAN J P & CO INC COM 616880100 33,311,250 270,000 SH SOLE 270,000
MORGAN J P & CO INC COM 616880100 11,103,750 90,000 SH DEFINED 03 90,000
MORGAN S D WITTER DISCOVER&CO COM NEW 617446448 139,034,049 1,391,210 SH SOLE 1,391,210
MORTON INTL INC IND NEW COM 619335102 5,145,000 140,000 SH SOLE 140,000
MORTON INTL INC IND NEW COM 619335102 918,750 25,000 SH DEFINED 03 25,000
MORTON INTL INC IND NEW COM 619335102 4,681,950 127,400 SH DEFINED 04 127,400
NATIONAL CITY CORP COM 635405103 11,930,906 179,750 SH SOLE 179,750
NATIONAL CITY CORP COM 635405103 4,480,313 67,500 SH DEFINED 03 67,500
NATIONAL WIRELESS HLDGS INC COM 638560102 871,982 44,717 SH DEFINED 01 44,717
NETWORKS ASSOCS INC COM 640938106 297,638 9,699 SH DEFINED 03 9,699
NEW YORK TIMES CO CL A 650111107 11,400,000 400,000 SH SOLE 400,000
NEW YORK TIMES CO CL A 650111107 1,806,900 63,400 SH DEFINED 03 63,400
NEW YORK TIMES CO CL A 650111107 5,073,000 178,000 SH DEFINED 04 178,000
NEXSTAR PHARMACEUTICALS INC COM 65333B106 214,988 12,600 SH DEFINED 01 12,600
NOVELL INC COM 653929307 312,124 12,392 SH DEFINED 01 12,392
OM GROUP INC COM 670872100 2,232,450 67,650 SH DEFINED 04 67,650
OPENROUTE NETWORKS INC COM 683986103 83,410 38,682 SH DEFINED 01 38,682
ORTHOLOGIC CORP COM 68750J107 36,966 12,322 SH DEFINED 01 12,322
PACIFIC CENTY FINL CORP COM 694058108 4,383,750 210,000 SH SOLE 210,000
PACIFIC CENTY FINL CORP COM 694058108 1,283,813 61,500 SH DEFINED 03 61,500
PACIFIC CENTY FINL CORP COM 694058108 1,262,938 60,500 SH DEFINED 04 60,500
PALL CORP COM 696429307 1,113,928 67,256 SH DEFINED 04 67,256
PARKER HANNIFIN CORP COM 701094104 29,245,219 853,875 SH SOLE 853,875
PARKER HANNIFIN CORP COM 701094104 6,456,125 188,500 SH DEFINED 03 188,500
PEPSICO INC COM 713448108 38,364,563 979,000 SH SOLE 979,000
PEPSICO INC COM 713448108 16,223,625 414,000 SH OTHER 01 02 414,000
PEPSICO INC COM 713448108 627,000 16,000 SH DEFINED 03 16,000
PEPSICO INC COM 713448108 8,252,888 210,600 SH DEFINED 04 210,600
PHARMACIA & UPJOHN INC COM 716941109 2,376,488 38,100 SH DEFINED 04 38,100
PFIZER INC COM 717081103 48,840,000 352,000 SH OTHER 01 02 352,000
PFIZER INC COM 717081103 4,495,500 32,400 SH DEFINED 03 32,400
PFIZER INC COM 717081103 5,716,500 41,200 SH DEFINED 04 41,200
PHILIP MORRIS COS INC COM 718154107 4,261,206 121,100 SH DEFINED 04 121,100
PLANAR SYS INC COM 726900103 77,036 10,021 SH DEFINED 01 10,021
PLATINUM SOFTWARE CORP COM 72764R105 220,830 29,943 SH DEFINED 01 29,943
PROCTOR & GAMBLE CO COM 742718109 22,878,200 233,600 SH SOLE 233,600
PROCTOR & GAMBLE CO COM 742718109 39,018,300 398,400 SH OTHER 01 02 398,400
PROCTOR & GAMBLE CO COM 742718109 23,505,000 240,000 SH DEFINED 03 240,000
PROCTOR & GAMBLE CO COM 742718109 3,878,325 39,600 SH DEFINED 04 39,600
PROVIDENT COS INC COM 743862104 13,755,875 398,000 SH SOLE 398,000
PROVIDENT COS INC COM 743862104 2,523,063 73,000 SH DEFINED 03 73,000
PROVIDENT COS INC COM 743862104 2,453,938 71,000 SH DEFINED 04 71,000
QUAKER OATS CO COM 747402105 5,789,250 93,000 SH DEFINED 04 93,000
QUEST DIAGNOSTICS INC COM 74834L100 3,893,750 175,000 SH SOLE 175,000
QUEST DIAGNOSTICS INC COM 74834L100 556,250 25,000 SH DEFINED 03 25,000
QUEST DIAGNOSTICS INC COM 74834L100 2,792,086 125,487 SH DEFINED 04 125,487
QUESTAR CORP COM 748356102 3,463,719 204,500 SH SOLE 204,500
QUESTAR CORP COM 748356102 599,588 35,400 SH DEFINED 03 35,400
QUIDEL CORP COM 74838J101 43,090 21,545 SH DEFINED 01 21,545
RALSTON PURINA CO COM RAL-PUR GP 751277302 3,396,972 127,287 SH OTHER 01 02 127,287
RALSTON PURINA CO COM RAL-PUR GP 751277302 7,942,200 297,600 SH DEFINED 04 297,600
RAYCHEM CORP DEL COM 754603108 2,635,300 116,800 SH SOLE 116,800
RAYCHEM CORP DEL COM 754603108 568,575 25,200 SH DEFINED 03 25,200
RAYCHEM CORP DEL COM 754603108 3,035,784 134,550 SH DEFINED 04 134,550
SAFEWAY INC COM NEW 786514208 30,631,510 596,960 SH SOLE 596,960
SAFEWAY INC COM NEW 786514208 7,339,740 143,040 SH DEFINED 03 143,040
ST JUDE MED INC COM 790849103 3,168,750 130,000 SH SOLE 130,000
ST JUDE MED INC COM 790849103 670,313 27,500 SH DEFINED 03 27,500
ST JUDE MED INC COM 790849103 1,730,625 71,000 SH DEFINED 04 71,000
SAVOIR TECHNOLOGY GROUP INC COM 80533W107 181,436 21,036 SH DEFINED 01 21,036
SCHERING PLOUGH CORP COM 806605101 223,165,800 4,039,200 SH SOLE 4,039,200
SCHERING PLOUGH CORP COM 806605101 44,564,650 806,600 SH OTHER 01 02 806,600
SCHERING PLOUGH CORP COM 806605101 22,100,000 400,000 SH DEFINED 03 400,000
SCHERING PLOUGH CORP COM 806605101 29,812,900 539,600 SH DEFINED 04 539,600
SCHLUMBERGER LTD COM 806857108 14,083,875 234,000 SH OTHER 01 02 234,000
SCRIPPS E W CO OHIO CL A 811054204 24,319,800 549,600 SH SOLE 549,600
SCRIPPS E W CO OHIO CL A 811054204 4,181,625 94,500 SH DEFINED 03 94,500
SCRIPPS E W CO OHIO CL A 811054204 1,084,125 24,500 SH DEFINED 04 24,500
SOUTHWEST AIRLS CO COM 844741108 3,864,438 127,750 SH SOLE 127,750
SPRINT CORP COM FON GROUP 852061100 19,798,681 201,770 SH OTHER 01 02 201,770
SPRINT CORP PCS COM SER 1 852061506 4,470,467 100,885 SH OTHER 01 02 100,885
SUNGARD DATA SYS INC COM 866930100 6,040,000 151,000 SH SOLE 151,000
SUNGARD DATA SYS INC COM 866930100 1,500,000 37,500 SH DEFINED 03 37,500
SYBASE INC COM 871130100 184,468 23,240 SH DEFINED 01 23,240
TEXACO INC COM 881694103 5,765,800 101,600 SH DEFINED 04 101,600
TIFFANY & CO NEW COM 886547108 1,435,200 19,200 SH DEFINED 04 19,200
TRIBUNE CO NEW COM 896047107 11,778,750 180,000 SH SOLE 180,000
TRINITY INDS INC COM 896522109 587,500 20,000 SH DEFINED 03 20,000
TRINITY INDS INC COM 896522109 1,318,938 44,900 SH DEFINED 04 44,900
TUBOSCOPE INC COM 898600101 122,121 13,569 SH DEFINED 01 13,569
US BANCORP DEL COM 902973106 16,350,000 480,000 SH SOLE 480,000
US BANCORP DEL COM 902973106 4,394,063 129,000 SH DEFINED 03 129,000
UNITED RENTALS INC COM 911363109 411,455 14,437 SH DEFINED 03 14,437
UNITED STS SATELLITE CL A 912534104 43,934,188 2,565,500 SH SOLE 2,565,500
VERDANT BRANDS INC COM 923366108 40,538 36,034 SH DEFINED 01 36,034
VLASIC FOODS INTL INC COM 928559103 517,500 40,000 SH DEFINED 03 40,000
VULCAN MATLS CO COM 929160109 93,213,394 2,256,300 SH SOLE 2,256,300
VULCAN MATLS CO COM 929160109 37,020,131 896,100 SH OTHER 01 02 896,100
VULCAN MATLS CO COM 929160109 16,111,875 390,000 SH DEFINED 03 390,000
VULCAN MATLS CO COM 929160109 6,680,231 161,700 SH DEFINED 04 161,700
WAL MART STORES INC COM 931142103 5,651,094 61,300 SH DEFINED 04 61,300
WALL DATA INC COM 932045107 550,821 38,318 SH DEFINED 01 38,318
WARNER LAMBERT CO COM 934488107 42,214,500 637,200 SH SOLE 637,200
WARNER LAMBERT CO COM 934488107 27,341,375 412,700 SH OTHER 01 02 412,700
WARNER LAMBERT CO COM 934488107 5,485,500 82,800 SH DEFINED 03 82,800
WARNER LAMBERT CO COM 934488107 24,512,500 370,000 SH DEFINED 04 370,000
WASHINGTON POST CO CL B 939640108 3,598,350 6,900 SH DEFINED 04 6,900
WATTS INDS INC CL A 942749102 2,448,031 180,500 SH SOLE 180,500
WELLS FARGO & CO COM 949740104 48,140,813 1,373,000 SH SOLE 1,373,000
WELLS FARGO & CO COM 949740104 23,156,678 660,440 SH OTHER 01 02 660,440
WELLS FARGO & CO COM 949740104 6,732,000 192,000 SH DEFINED 03 192,000
WELLS FARGO & CO COM 949740104 15,848,250 452,000 SH DEFINED 04 452,000
WHITMAN CORP COM 96647K102 8,129,688 473,000 SH SOLE 473,000
WHITMAN CORP COM 96647K102 1,471,250 85,600 SH DEFINED 03 85,600
WORTHINGTON INDS INC COM 981811102 2,350,000 200,000 SH SOLE 200,000
WORTHINGTON INDS INC COM 981811102 2,057,425 175,100 SH DEFINED 03 175,100
XILINX INC COM 983919101 2,433,750 60,000 SH DEFINED 01 60,000
ZALE CORP NEW COM 988858106 7,299,031 213,500 SH SOLE 213,500
ZALE CORP NEW COM 988858106 1,599,975 46,800 SH DEFINED 03 46,800
SUN INTL HOTELS LTD ORD P8797T133 459,494 13,977 SH DEFINED 01 13,977
</TABLE>
