UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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: Liberty Mutual Insurance Company
Address: 175 Berkeley Street
Boston, Massachusetts 02117
Form 13F File Number: 28-33
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: Joyce B. Riegel
Title: Vice President and Chief Compliance Officer
Phone: (312) 368-7727
Signature, Place, and Date of Signing:
/s/ Joyce B. Riegel Chicago, Illinois November 13, 2000
Report Type (Check only one.):
[XX] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this report
and a portion are reported by other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 316
Form 13F Information Table Value Total: $854,713
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
NONE
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
Title Fair Mrk Shares Voting Authority
of CUSIP Value Or Prin Investment Other (A) (B) (C)
Name of Issuer Class Number (+000) Amount Discretion Managers Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADC TELECOMMUNICATIONS COM 000886101 43 1,600 Sole 1,600
AES CORP COM 00130H105 10,771 157,200 Defined 157,200
AT&T CORP COM 001957109 55 1,885 Sole 1,885
AT&T CORP COM LIBERTY MEDIA CL A 001957208 253 14,000 Sole 14,000
AT&T CORP. COM 001957406 93 4,500 Sole 4,500
AT&T WIRELESS GROUP COM 001957496 5,473 262,200 Defined 262,200
ABBOT LABORATORIES COM 002824100 29 600 Sole 600
A C NIELSEN CORP. COM 004833109 1,723 72,148 Sole 72,148
ADAPTEC INC COM 00651F108 20 1,000 Sole 1,000
AEGON NV NY REG 007924103 2,266 61,046 Defined 61,046
AGILENT TECHNOLOGIES INC. COM 00846U101 1,886 38,019 Sole 38,019
AIR PRODUCTS & CHEMICALS INC COM 009158106 14,268 396,324 Sole 396,324
CHECK POINT SOFTWARE TECH ISIN ILO ADR 010824113 4,444 28,214 Defined 22,898 5,316
TIOGA TECH LTD ISIN ILO COM 010848963 17 2,020 Defined 2,020
ALASKA AIRGROUP COM 011659109 413 17,200 Sole 17,200
ALBERTSONS INC COM 013104104 11 500 Sole 500
ALCOA INC COM 013817101 350 13,844 Sole 13,844
ALCATEL SA SPN ADR 013904305 3,477 55,300 Defined 55,300
ORCKIT COMMUNICATION LTD ISIN ILO COM 018023461 16 2,020 Defined 2,020
ALLTEL CORP. COM 020039103 9 170 Sole 170
ALTERA CORPORATION COM 021441100 191 4,000 Sole 4,000
AMERICAN GENERAL CORP COM 026351106 25 325 Sole 325
AMERICAN HOME PRODUCTS COM 026609107 361 6,400 Sole 6,400
AMER-INTL GROUP INC COM 026874107 43 450 Sole 450
AMER-INTL GROUP INC. COM 026874107 3,178 33,212 Defined 33,212
AMGEN COM 031162100 244 3,500 Sole 3,500
AMGEN COM 031162100 3,415 48,900 Defined 48,900
ANALOG DEVICES INC. COM 032654105 414 5,000 Sole 5,000
ANCHOR GAMING COM 033037102 382 4,800 Sole 4,800
APTARGROUP INC. COM 038336103 230 9,600 Sole 9,600
ARCH CAPITAL GROUP COM 03937L105 351 22,300 Sole 22,300
ARIBA INC. COM 04033V104 143 1,000 Sole 1,000
ASIAINFO HOLDINGS INC. COM 04518A104 116 6,100 Defined 3,100 3,000
ASSOCIATES FIRST CAPITAL CORP-A CL A 046008108 27 700 Sole 700
AUSPEX SYSTEMS COM 052116100 495 40,000 Sole 40,000
BISYS GROUP COM 055472104 232 3,000 Sole 3,000
BP AMOCO PLC SPN ADR 055622104 26 492 Sole 492
BP AMOCO PLC SPN ADR 055622104 806 15,200 Defined 15,200
BANK OF AMERICA CORP COM 060505104 170 3,253 Sole 3,253
BANK OF AMERICA CORP COM 060505104 1,137 21,700 Defined 21,700
BARR LABORATORIES COM 068306109 438 6,600 Sole 6,600
BARRETT RESOURCES CORP COM 068480201 316 8,400 Sole 8,400
BED BATH & BEYOND, INC. COM 075896100 293 12,000 Sole 12,000
BELLSOUTH CORP COM 079860102 243 6,000 Sole 6,000
H&R BLOCK COM 093671105 148 4,000 Defined 4,000
BRISTOL-MYERS CO. CL A 110122108 633 11,000 Sole 11,000
BROADWING INC. COM 111620100 2,109 82,500 Defined 82,500
BUDGET GROUP COM 119003101 264 68,000 Sole 68,000
CSG SYS IN'T COM 126349109 116 4,000 Sole 4,000
CADENCE DESIGN SYSTEM COM 127387108 26 1,000 Sole 1,000
CALPINE CORP COM 131347106 5,282 50,600 Defined 50,600
CENSTOR CORP COM 151324100 195 60,382 Sole 60,382
CENTURY ALUMINUM COMPANY COM 156431108 541 43,300 Sole 43,300
CENTURYTEL, INC COM 156700106 352 12,900 Sole 12,900
CHARTERED SEMICONDUCTOR ADR 16133R106 3,277 54,000 Defined 24,000 25,700 4,300
CHASE MANHATTAN CORP COM 16161A108 537 11,625 Sole 11,625
CHASE MANHATTAN CORP COM 16161A108 1,236 26,750 Defined 26,750
CHECKPOINT SYSTEMS COM 162825103 406 53,700 Sole 53,700
CHEVRON CORP COM 166751107 232 2,725 Sole 2,725
CHILECTRA S.A. ADR 168884104 58 4,400 Defined 4,400
CHINA MOBILE ADR 16941M109 1,959 60,400 Defined 60,400
CISCO SYS INC. COM 17275R102 663 12,000 Sole 12,000
CISCO SYS INC. COM 17275R102 3,461 62,650 Defined 62,250 400
CINTAS CORP. COM 172908105 196 4,500 Sole 4,500
CITIGROUP INC. COM 172967101 786 14,533 Sole 14,533
CITIGROUP INC. COM 172967101 3,633 67,200 Defined 67,200
CLAIRE COM 179584107 284 15,800 Sole 15,800
CLEAR CHANNEL COMMUNICATIONS COM 184502102 198 3,500 Sole 3,500
COLT TELECOM GRP SPN ADR 196877104 2,238 20,300 Defined 20,300
COMCAST CORP COM 200300101 223 5,450 Sole 5,450
CIA TELECOM CHILE ADR 204449300 45 2,600 Defined 2,600
COMPUTER ASSOC INTL INC COM 204912109 18 700 Sole 700
COMPUTER SCIENCES CORP COM 205363104 149 2,000 Sole 2,000
COMPUWARE CORP. COM 205638109 10 1,200 Sole 1,200
CONOCO INC. CL B 208251405 787 29,227 Defined 29,227
CONSTELLATION ENERGY GRP COM 210371100 3,320 66,700 Defined 66,700
COOPER TIRE & RUBBER CO COM 216831107 9 900 Sole 900
COVNACE INC. COM 222816100 275 33,600 Sole 33,600
COVENTRY HEALTH COM 222862104 470 31,100 Sole 31,100
COX COMMUNICATIONS INC. CL A 224044107 1,970 51,500 Defined 51,500
CYPRESS SEMICONDUCTOR CORP COM 232806109 208 5,000 Sole 5,000
DTE ENERGY COMPANY COM 233331107 13 350 Sole 350
DALEEN TECHNOLOGIES COM 23437N104 363 24,500 Sole 24,500
DANAHER CORPORATION COM 235851102 298 6,000 Sole 6,000
DARDEN RESTAURANTS INC. COM 237194105 9,235 444,600 Sole 444,600
DELUXE CORPORATION COM 248019101 1,630 80,264 Sole 80,264
DEVRY INC. COM 251893103 489 13,000 Sole 13,000
DIVERSA CORP COM 255064107 9,809 363,287 Sole 363,287
DONALDSON CO INC COM 257651109 176 8,000 Sole 8,000
DORCHESTER HUGOTON COM 258205202 153 10,000 Defined 10,000
DOW CHEMICAL CO COM 260543103 14 570 Sole 570
DU PONT E I DE NEMOURS & CO COM 263534109 8 200 Sole 200
DUN & BRADSTREET CORP. COM 26483B106 7,454 216,446 Sole 216,446
DYNEGY INC. CL A 26816Q101 205 3,600 Sole 3,600
DYNEGY INC. CL A 26816Q101 9,078 159,200 Defined 159,200
EMC CORPORATION COM 268648102 993 10,000 Sole 10,000
EMC CORPORATION COM 268648102 4,358 43,800 Defined 43,800
ENSCO INTL INC COM 26874Q100 11 300 Sole 300
E. SPIRE COMMUNICATIONS COM 269153102 159 54,100 Sole 54,100
EASTMAN KODAK CO COM 277461109 8 200 Sole 200
EFFICIENT NETWORKS COM 282056100 100 2,676 Sole 2,676
EL PASO ELECTRIC CO. COM 283677854 392 28,404 Sole 28,404
EL PASO ENERGY GROUP COM 283905107 3,235 52,500 Defined 52,500
ELCOR CORP COM 284443108 358 24,700 Sole 24,700
EMBRATEL PARTICIPACOES ADR 29081N100 997 53,900 Defined 4,800 49,100
EMERSON ELECTRIC CO COM 291011104 27 400 Sole 400
ENTERGY CORP COM 29364G103 60 1,600 Sole 1,600
ENRON CORP. COM 293561106 9,413 107,400 Defined 107,400
EPRISE CORPORATION COM 294352109 4,207 487,714 Sole 487,714
ERICSSON LM TEL ADR 294821400 6,542 441,686 Defined 123,264 318,422
EXODUS COMMUNICATIONS COM 302088109 123 2,500 Sole 2,500
EXPRESS SCRIPTS COM 302182100 289 4,000 Sole 4,000
EXXON MOBIL CORP. COM 30231G102 1,318 14,795 Sole 14,795
FED HM LN MTGE 0/ 0/00 COM 313400301 27 500 Sole 500
FEDERAL NATL MTG ASSN COM 313586109 50 700 Sole 700
F5 NETWORKS INC. COM 315616102 71 2,087 Sole 2,087
FIDELITY NATIONAL COM 316326107 560 22,800 Sole 22,800
FIFTH THIRD BANCORP. COM 316773100 242 4,500 Sole 4,500
FIRST DATA CORP. COM 319963104 23 600 Sole 600
FIRSTAR CORPORATION COM 33763V109 275 12,300 Sole 12,300
FLEETBOSTON FINL CORP COM 339030108 27 700 Sole 700
FOMENTO ECONOMICO MEX ADR 344419106 222 5,700 Defined 5,700
FORD MOTOR CO COM 345370100 28 1,088 Sole 1,088
FOREST LABS COM 345831064 195 1,700 Sole 1,700
FRITZ COMPANIES COM 358846103 196 16,300 Sole 16,300
FRONTIER AIRLINES COM 359065109 420 21,600 Sole 21,600
GANNETT CO INC COM 364730101 2,852 53,802 Sole 53,802
GARTNER GROUP COM 366651206 613 56,362 Sole 56,362
GENERAL DYNAMICS CORP COM 369550108 286 4,550 Sole 4,550
GENERAL ELECTRIC CO COM 369604103 100,873 1,744,842 Sole 1,744,842
GENERAL ELECTRIC CO COM 369604103 2,972 51,400 Defined 51,400
GENERAL MILLS INC COM 370334104 25,079 706,444 Sole 706,444
GOLDMAN SACHS GROUP COM 38141G104 279 2,450 Sole 2,450
GRAINGER W W INC COM 384802104 5,104 193,992 Sole 193,992
GREY WOLF INC. COM 397888108 1,244 216,400 Sole 216,400
GRUPO TELEVISA SA SPR GDR 40049J206 6,773 117,400 Defined 4,900 112,500
GULF CANADA RESOURCES INC. COM 40218L305 51,099 9,506,827 Sole 9,506,827
HSB GROUP INC. COM 40428N109 15,581 388,300 Sole 388,300
H. J. HEINZ CO COM 423074103 9 250 Sole 250
HEWLETT-PACKARD CO COM 428236103 9,699 99,986 Sole 99,986
HEWLETT-PACKARD CO COM 428236103 1,277 13,100 Defined 13,100
HOLLYWOOOD ENTERTAINMENT COM 436141105 270 36,300 Sole 36,300
HOMESTORE, COM COM 437852106 908 19,413 Sole 19,413
HONEYWELL INTERNATIONAL COM 438516106 10 275 Sole 275
HOUSEHOLD INTL INC COM 441815107 11 200 Sole 200
HUNT J B TRANSPORT SVCS INC COM 445658107 209 16,400 Sole 16,400
IMS HEALTH INC. COM 449934108 8,983 432,892 Sole 432,892
ITT EDUCATIONAL COM 45068B109 461 17,000 Sole 17,000
ILLINOIS TOOL WORKS INC COM 452308109 212 3,800 Sole 3,800
INFOSYS TECHNOLOGIES ADR 456788108 2,507 18,996 Defined 12,546 6,450
INKTOMI CORP COM 457277101 148 1,300 Sole 1,300
INSIGHT COMMUNICATIONS COM 45768V108 222 14,000 Sole 14,000
INTEL CORP COM 458140100 395 9,500 Sole 9,500
INTEL CORP COM 458140100 1,970 47,400 Defined 47,000 400
INTERGRAPH CORP. COM 458683109 371 51,600 Sole 51,600
INTERNATIONAL BUS MACHS CORP COM 459200101 473 4,200 Sole 4,200
INTERNATIONAL BUS MACHS CORP COM 459200101 1,734 15,400 Defined 15,400
INTERNATIONAL PAPER CO COM 460146103 8 275 Sole 275
INTERPUBLIC GROUP COS INC COM 460690100 215 6,300 Sole 6,300
JDS UNIPHASES COM 46612J101 117 1,240 Sole 1,240
JOHNSON & JOHNSON COM 478160104 75,654 805,366 Sole 805,366
JOHNSON CONTROLS INC COM 478366107 23 425 Sole 425
KIMBERLY CLARK CORP COM 494368103 45 800 Sole 800
KINDER MORGAN ENERGY PARTNERS COM 494550106 4,103 86,600 Defined 86,600
KINDER MORGAN INC COM 49455P101 3,255 79,500 Defined 79,500
KONINKLIJKE PHILIPS ELECTRONICS SPN ADR 500472303 531 12,494 Sole 12,494
PHILIPS ELECTRONICS COM 500472204 611 12,880 Sole 12,880
KOREA TELECOM ADR 50063P103 25,099 746,439 Defined 187,675 498,164 60,600
LEVEL 3 COMMUNICATIONS COM 52729N100 2,013 26,100 Defined 26,100
LIBERTY ALL-STAR GROWTH FUND COM 529900102 3,438 280,670 Sole 280,670
LIBERTY ALL-STAR EQUITY FUND ShBenInt 530158104 95,340 7,263,996 Sole 7,263,996
ELI LILLY & CO COM 532457108 300 3,700 Sole 3,700
ELI LILLY & CO. COM 532457108 243 3,000 Defined 3,000
LONGVIEW FIBRE COM 543213102 398 33,200 Sole 33,200
LOWES CO COM 548661107 13 300 Sole 300
LUCENT TECHNOLOGIES, INC. COM 549463107 8 275 Sole 275
MBIA, INC. COM 55262C100 285 4,000 Sole 4,000
MCI WORLDCOM INC. COM 55268B106 2,321 76,400 Defined 76,400
MGIC INVESTMENT CORP. COM 552848103 28 450 Sole 450
MATAV RT ADR 559776109 240 10,200 Defined 10,200
MAIL-WELL INC COM 560321200 234 49,200 Sole 49,200
MARSH & MCLENNAN COS INC COM 571748102 23 175 Sole 175
MARSH & MCLENNAN COS INC COM 571748102 4,036 30,400 Defined 30,400
MCDONALDS CORP COM 580135101 60,373 1,999,960 Sole 1,999,960
MCK COMMUNICATIONS COM 581243102 272 12,010 Sole 12,010
MEDICALOGIC/MEDSCAPE COM 584642102 116 32,600 Sole 32,600
MEDTRONIC INC CL A 585055106 414 8,000 Sole 8,000
MENTOR GRAPHICS COM 587200106 266 11,300 Sole 11,300
MERCANTILE BANKSHARES CORP. SPN ADR 587405101 218 6,000 Sole 6,000
MERCK & CO INC COM 589331107 35,745 480,208 Sole 480,208
MERCK & CO INC COM 589331107 1,586 21,300 Defined 21,300
METROMEDIA FIBER NETWORK COM 591689104 2,516 103,500 Defined 103,500
MICROSOFT CORP. COM 594918104 156 2,590 Sole 2,590
MICROSOFT CORP. COM 594918104 1,128 18,700 Defined 18,700
MID ATLANTIC MEDICAL COM 59523C107 313 20,700 Sole 20,700
MINNESOTA MNG & MFG CO COM 604059105 16 175 Sole 175
MONTANA POWER CO. COM 612085100 1,900 56,900 Defined 56,900
MORGAN STANLEY, DEAN WITTER, DISCOV COM 617446448 55 600 Sole 600
MOTOROLA INC COM 620076109 321 11,100 Sole 11,100
NTL INC. COM 629407107 1,357 29,300 Defined 29,300
NABISCO HOLDINGS CORP. (NA) COM 629526104 108 2,000 Defined 2,000
NATIONAL CITY CORP. COM 635405103 26 1,200 Sole 1,200
NEW YORK TIMES CO CL A 650111107 48 1,220 Sole 1,220
NOKIA CORP SPN ADR 654902204 392 9,600 Sole 9,600
NOKIA CORP SPN ADR 654902204 4,805 120,120 Defined 61,920 58,200
NORFOLK SOUTHERN CORP COM 655844108 17 1,200 Sole 1,200
NORTEL NETWORKS CORP. COM 656569100 3,596 59,679 Defined 16,100 43,579
NORTEL NETWORKS CORP. COM 656568102 401 6,635 Sole 6,635
NORTHERN TRUST CORP. COM 665859104 267 3,000 Sole 3,000
NUCOR CORP COM 670346105 15 500 Sole 500
NUECO ENERGY COM 670509108 388 21,100 Sole 21,100
OAKLEY INC. COM 673662102 439 25,000 Sole 25,000
OFFICE DEPOT INC COM 676220106 12 1,500 Sole 1,500
OMNICARE INC. COM 681904108 400 24,800 Sole 24,800
ORACLE SYSTEMS CORP COM 68389X105 32 400 Sole 400
PECO ENERGY CO. COM 693304107 3,138 51,800 Defined 51,800
PNC FINANCIAL CORP COM 693475105 46 700 Sole 700
PACKAGING CORP OF AMERICA COM 695156109 228 20,600 Sole 20,600
PAPA JOHNS INT'L INC. COM 698813102 175 7,000 Sole 7,000
PHARMACIA CORP. COM 716941109 2,192 36,425 Defined 36,425
PFIZER INC. COM 717081103 19 413 Sole 413
PFIZER INC. COM 717081103 3,284 73,100 Defined 73,100
PHILIP MORRIS COS INC COM 718154107 47 1,600 Sole 1,600
PHILLIPS PETROLEUM CO COM 718507106 31 500 Sole 500
PHILLIPS VAN COM 718592108 620 60,100 Sole 60,100
PICTURETEL CORP COM 720035302 562 79,900 Sole 79,900
PINNACLE WEST COM 723484101 3,334 65,500 Defined 65,500
POLAROID CORP COM 731095105 344 25,600 Sole 25,600
PRAXAIR INC - WI COM 74005P104 21 550 Sole 550
PROCTER & GAMBLE CO COM 742718109 13 200 Sole 200
PROGENICS PHAR COM 743187106 170 6,200 Sole 6,200
QUALCOMM INC. COM 747525103 178 2,500 Sole 2,500
QWEST COMMUNICATIONS INTL COM 749121109 21 432 Sole 432
QWEST COMMUNICATIONS INTL COM 749121109 2,580 53,608 Defined 53,608
R. H. DONNELLEY CORP COM 74955W307 915 43,290 Sole 43,290
RAYOVAC CORP COM 755081106 355 20,700 Sole 20,700
REGIS CORP COM 758932107 279 18,600 Sole 18,600
RELIANT ENERGY INC COM 75952J108 19 400 Sole 400
SBC COMMUNICATIONS INC COM 78387G103 45 900 Sole 900
SBC COMMUNICATIONS INC COM 78387G103 2,595 52,039 Defined 52,039
SK TELECOM CO LTD ADR 78440P108 4,082 159,310 Defined 116,550 42,000 760
SAFEWAY INC. COM 786514208 93 2,000 Defined 2,000
SANDY SPRING BANCORP, INC. COM 800363103 640 25,604 Sole 25,604
SATYAM INFOWAY ADR 804099109 49 3,600 Defined 3,600
SCHERING PLOUGH CORP COM 806605101 256 5,500 Sole 5,500
SCHLUMBERGER LTD COM 806857108 1,004 12,200 Defined 12,200
SCOTTISH POWER PLC ADR 81013T105 3,123 103,900 Defined 103,900
SINA.COM ISIN KYG COM 814771041 314 22,250 Defined 3,200 18,950 100
SENSORMATIC ELECTRONICS COM 817265101 473 31,500 Sole 31,500
SHERWIN WILLIAMS CO COM 824348106 34 1,600 Sole 1,600
SITEL CORP COM 82980K107 165 56,100 Sole 56,100
SMARTDISK CORP COM 83169Q105 66 4,600 Sole 4,600
SMITHKLINE BEECHAM ADR 832378301 2,410 35,119 Defined 35,119
SOUTHERN CO COM 842587107 49 1,500 Sole 1,500
SPANISH BROADCASTING COM 846425882 276 23,500 Sole 23,500
SPRINT CORP (FON GROUP) COM 852061100 186 6,350 Sole 6,350
SPRINT CORP (FON GROUP) COM 852061100 1,574 53,700 Defined 53,700
SPRINT CORP. PCS COM 852061506 1,472 41,900 Defined 41,900
STANCORP FINANCIAL COM 852891100 543 12,700 Sole 12,700
STATE STREET CORP. COM 857477103 26 200 Sole 200
SUN MICROSYSTEMS INC COM 866810104 1,354 11,600 Sole 11,600
SUN MICROSYSTEMS INC COM 866810104 3,222 27,600 Defined 27,600
SUNGLASS HUT COM 86736F106 150 22,900 Sole 22,900
SUNGARD DATA SYSTEMS INC. COM 867363103 1,914 44,700 Defined 44,700
SUPER VALU STORES COM 868536103 12 800 Sole 800
SYBRON INT'L CORP - WISC COM 87114F106 288 12,000 Sole 12,000
SYSCO CORP COM 871829107 9 200 Sole 200
TJX COS INC COM 872540109 180 8,000 Sole 8,000
TAIWAN SEMICONDUCTOR ADR 874039100 2,583 126,384 Defined 95,364 31,020
TARGET CORP COM 87612E106 12 450 Sole 450
TELECENTRO SUL ADR 879239101 76 1,300 Defined 1,300
TELE DANMARK A/S ADR 879242105 1,631 58,000 Defined 58,000
TELENORTE LESTE PAT. ADR 879246106 2,193 96,153 Defined 96,153
TELEFONICA SA ADR 879382208 9,039 152,073 Defined 45,382 106,691
TELEFONAS DE MEXICO SPN ADR 879403780 1,612 30,300 Defined 8,300 22,000
TELESP CELLULAR ADR 87952L108 211 6,400 Defined 6,400
TELLABS, INC. COM 879664100 18 375 Sole 375
TELLABS, INC. COM 879664100 1,953 40,900 Defined 40,900
TEREX CORP COM 880779103 233 17,800 Sole 17,800
TEXACO CAPITAL COM 881694103 13 250 Sole 250
TEVA PHARMACEUTICAL SPN ADR 881624209 271 3,700 Defined 3,700
TEXAS INSTRUMENTS INC COM 882508104 10 200 Sole 200
TEXAS INSTRUMENTS INC COM 882508104 1,464 30,500 Defined 30,500
TEXTRON INC COM 883203101 9 200 Sole 200
TREND MICRO INC SPN ADR 89486M107 121 9,300 Defined 9,300
TYCO INTERNATIONAL LTD. COM 902124106 16 300 Sole 300
TYCO INTERNATIONAL LTD. COM 902124106 2,412 46,500 Defined 46,500
USG CORP COM 903293405 363 14,500 Sole 14,500
UNION PACIFIC CORP COM 907818108 12 300 Sole 300
UNISYS CORP COM 909214108 5 400 Sole 400
UNITED MICROELECTRONICS ADR 910873207 23,746 1,999,700 Defined 970,300 851,000 178,400
VERIZON COMMUNICATION COM 92343V104 567 11,702 Sole 11,702
VIACOM INC. CL B 925524308 286 4,883 Sole 4,883
VIACOM INC. CL B 925524308 1,199 20,500 Defined 20,500
VIATEL INC. COM 925529208 166 16,200 Sole 16,200
VINA CONCHA Y TORO ADR 927191106 96 2,600 Defined 2,600
VISTEON CORP COM 92839U107 1 92 Sole 92
VODAFONE AIRTOUCH SPN ADR 92857T107 383 10,342 Sole 10,342
VODAFONE AIRTOUCH SPN ADR 92857T107 2,805 75,800 Defined 3,400 72,400
VOICESTREAM WIRELESS CORP. COM 928615103 174 1,500 Sole 1,500
WABASH NATIONAL COM 929566107 313 34,100 Sole 34,100
WAL MART STORES INC. COM 931142103 2,137 44,400 Defined 44,400
WATERS CORP COM 941847103 196 2,200 Sole 2,200
WEBLINK WIRELESS COM 94769A101 150 19,500 Sole 19,500
WELLMAN INC. COM 949702104 384 26,600 Sole 26,600
WELLS FARGO COMPANY COM 949746101 32 700 Sole 700
WESTERN WIRELESS CORP. CL A 95988E204 809 22,700 Defined 22,700
WHIRLPOOL CORP COM 963320106 12 300 Sole 300
WHOLE FOODS MARKET COM 966837106 231 4,300 Sole 4,300
WILLIAMS COMPANIES COM 969457100 710 16,800 Sole 16,800
WILLIAMS COMPANIES COM 969457100 2,510 59,400 Defined 59,400
WORLDCOM INC. COM 98157D106 23 750 Sole 750
XEROX CORP COM 984121103 5 350 Sole 350
YELLOW CORP COM 985509108 346 22,900 Sole 22,900
YORK INTERNATIONAL CORP. COM 986670107 22 900 Sole 900
GIGAMEDIA LIMITED COM Y2711Y104 17 2,100 Defined 2,100
</TABLE>
