<PAGE> 1
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: GTE Investment Management
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Address: 695 Main Street, Suite 600
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Stamford, CT 06912-0029
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-----------------------------------------------
13F File Number: 28-01105
-----------
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: T. Britton Harris, IV
-----------------------------------------------
Title: President and Treasurer
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Phone: 203-965-2757
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Signature, Place, and Date of Signing:
/s/ T. Britton Harris, IV Stamford, CT 8-12-99
- -------------------------------- ---------------------------- ----------
[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 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).)
List of Other Managers Reporting for this Manager: NONE
[If there are no entries in this list, omit this section.]
<TABLE>
<CAPTION>
13F File Number Name
<S> <C>
28-01105-01 GTE Leasing Corporation
------------------- --------------------------------------------
</TABLE>
<PAGE> 2
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 2
--------------
Form 13F Information Table Value Total: $ 2,686,905
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 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.]
<TABLE>
<CAPTION>
No. 13F File Number Name
<S> <C> <C>
1 28-01105-01 GTE Leasing Corporation
---- ------------- --------------------------------
</TABLE>
<PAGE> 3
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SOLE MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bear Steams 5.50 Preferred 07390220 $860 18,400 X 2 18,400
TOTAL PORTFOLIO $860
</TABLE>
<PAGE> 4
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DAIMLERCHRYSLER AG ORD D1668R123 4,330 48,647 X 1 48,647
ROYAL CARIBBEAN
CRUISES LTD PFD CONV A V7780T111 816 6,000 X 1 6,000
AES CORP COM 00130H105 564 9,700 X 1 9,700
AK STL HLDG CORP COM 001547108 560 24,900 X 1 24,900
AMR CORP COM 001765106 2,894 42,400 X 1 42,400
AT&T CORP COM 001957109 39,819 713,453 X 1 713,453
AT&T CORP COM LIB GRP A 001957208 13,286 361,514 X 1 361,514
ABBOTT LABS COM 002824100 10,527 232,000 X 1 232,000
ABERCROMBIE &
FITCH CO CL A 002896207 2,290 47,700 X 1 47,700
AEGON N V ORD AMER REG 007924103 2,616 35,384 X 1 35,384
PAGE TOTAL 77,702
</TABLE>
<PAGE> 5
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AETNA INC COM 008117103 3,846 43,000 X 1 43,000
AGRIBRANDS
INTL INC COM 00849R105 188 4,760 X 1 4,760
AIR PRODS & CHEMS
INC COM 009158106 527 13,100 X 1 13,100
ALBERTSONS INC COM 013104104 2,761 53,550 X 1 53,550
ALCAN ALUMINIUM
LTD NEW COM 013716105 1,153 36,100 X 1 36,100
ALCOA INC COM 013817101 3,935 63,600 X 1 63,600
ALLERGAN INC COM 018490102 3,741 33,700 X 1 33,700
ALLIED SIGNAL INC COM 019512102 10,351 164,300 X 1 164,300
ALLIED WASTE INDS
INC COM PAR$.01NEW 019589308 593 30,000 X 1 30,000
ALLSTATE CORP COM 020002101 5,884 164,000 X 1 164,000
PAGE TOTAL 32,979
</TABLE>
<PAGE> 6
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ALLTEL CORP COM 020039103 536 7,500 X 1 7,500
ALZA CORP DEL COM 022615108 2,442 48,000 X 1 48,000
AMAZON COM INC COM 023135106 1,101 8,800 X 1 8,800
AMBAC FINL GROUP INC COM 023139108 8,489 148,600 X 1 148,600
AMERICA ONLINE INC DEL COM 02364J104 47,014 427,400 X 1 427,400
AMERICAN EXPRESS CO COM 025816109 18,998 146,000 X 1 146,000
AMERICAN GENERAL CORP COM 026351106 5,894 78,200 X 1 78,200
AMERICAN HOME PRODS CORP COM 026609107 17,677 308,100 X 1 308,100
AMERICAN INTL GROUP INC COM 026874107 28,690 244,690 X 1 244,690
AMERICAN STD COS INC DEL COM 029712106 1,234 25,700 X 1 25,700
PAGE TOTAL 132,075
</TABLE>
<PAGE> 7
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERITECH CORP NEW COM 030954101 17,126 233,000 X 1 233,000
AMGEN INC COM 031162100 4,054 66,600 X 1 66,600
AMSOUTH BANCORPORATION COM 032165102 8,059 347,550 X 1 347,550
ANADARKO PETE CORP COM 032511107 4,811 130,700 X 1 130,700
ANHEUSER BUSCH COS INC COM 035229103 13,549 191,000 X 1 191,000
ANNTAYLOR STORES CORP COM 036115103 675 15,000 X 1 15,000
APPLE COMPUTER INC COM 037833100 560 12,100 X 1 12,100
APPLIED MATLS INC COM 038222105 5,762 78,000 X 1 78,000
ARCHER DANIELS MIDLAND CO COM 039483102 729 47,200 X 1 47,200
ARROW ELECTRS INC COM 042735100 395 20,800 X 1 20,800
PAGE TOTAL 55,720
</TABLE>
<PAGE> 8
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASHLAND INC COM 044204105 2,335 58,200 X 1 58,200
ASSOCIATED BANC CORP COM 045487105 1,660 40,000 X 1 40,000
AT HOME CORP COM SER A 045919107 286 5,308 X 1 5,308
ASSOCIATES FIRST CAP
CORP CL A 046008108 8,728 197,800 X 1 197,800
ATLANTIC RICHFIELD CO COM 048825103 5,891 70,500 X 1 70,500
AUTODESK INC COM 052769106 174 5,900 X 1 5,900
AVERY DENNISON CORP COM 053611109 1,395 23,100 X 1 23,100
AVON PRODS INC COM 054303102 2,498 45,000 X 1 45,000
BCE INC COM 05534B109 1,174 23,800 X 1 23,800
BJ SVCS CO COM 055482103 589 20,000 X 1 20,000
PAGE TOTAL 24,730
</TABLE>
<PAGE> 9
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BP AMOCO P L C SPONSORED ADR 055622104 6,163 56,800 X 1 56,800
BALL CORP COM 058498106 845 20,000 X 1 20,000
BANK OF AMERICA
CORPORATION COM 060505104 32,990 450,000 X 1 450,000
BANK NEW YORK INC COM 064057102 4,769 130,000 X 1 130,000
BANK ONE CORP COM 06423A103 10,126 170,014 X 1 170,014
BANKBOSTON CORP COM 06605R106 5,138 100,500 X 1 100,500
BARD C R INC COM 067383109 1,401 29,300 X 1 29,300
BARRICK GOLD CORP COM 067901108 411 21,200 X 1 21,200
BAUSCH & LOMB INC COM 071707103 2,785 36,400 X 1 36,400
BEAR STEARNS COS INC COM 073902108 1,226 26,235 X 1 26,235
PAGE TOTAL 65,854
</TABLE>
<PAGE> 10
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BED BATH & BEYOND INC COM 075896100 639 16,600 X 1 16,600
BELL ATLANTIC CORP COM 077853109 18,926 289,500 X 1 289,500
BELL SOUTH CORP COM 079860102 21,374 463,400 X 1 463,400
BERKSHIRE HATHAWAY INC
DEL CL A 084670108 145 X 1 145
BEST BUY INC COM 086516101 3,166 46,900 X 1 46,900
BESTFOODS COM 08658U101 7,284 147,150 X 1 147,150
BOISE CASCADE CORP COM 097383103 1,844 43,000 X 1 43,000
BRIGGS & STRATTON CORP COM 109043109 924 16,000 X 1 16,000
BRISTOL MYERS SQUIBB CO COM 110122108 43,805 621,900 X 1 621,900
BROADVISION INC COM 111412102 111 1,500 X 1 1,500
PAGE TOTAL 98,073
</TABLE>
<PAGE> 11
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BROWNING FERRIS INDS COM 115885105 774 18,000 X 1 18,000
BURLINGTON NORTHN
SANTA FE CP COM 12189T104 6,135 197,900 X 1 197,900
BURLINGTON RES INC COM 122014103 1,427 33,000 X 1 33,000
CIGNA CORP COM 125509109 6,488 72,900 X 1 72,900
CMGI INC COM 125750109 319 2,800 X 1 2,800
CNA FINL CORP COM 126117100 887 22,000 X 1 22,000
CSX CORP COM 126408103 3,276 72,200 X 1 72,200
CTS CORP COM 126501105 7,357 105,100 X 1 105,100
CVS CORP COM 126650100 1,208 23,800 X 1 23,800
CABLEVISION SYS CORP CL A 12686C109 11,088 158,400 X 1 158,400
PAGE TOTAL 38,959
</TABLE>
<PAGE> 12
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITAL ONE FINL CORP COM 14040H105 4,009 72,000 X 1 72,000
CARDINAL HEALTH INC COM 14149Y108 6,548 102,108 X 1 102,108
CATERPILLAR INC DEL COM 149123101 2,400 40,000 X 1 40,000
CENDANT CORP COM 151313103 5,248 256,000 X 1 256,000
CENTRAL & SOUTH WEST CORP COM 152357109 979 41,900 X 1 41,900
CENTURYTEL INC COM 156700106 6,277 157,900 X 1 157,900
CERIDIAN CORP COM 15677T106 2,870 87,800 X 1 87,800
CHARTER ONE FINL INC COM 160903100 1,235 44,400 X 1 44,400
CHASE MANHATTAN CORP NEW COM 16161A108 19,117 221,000 X 1 221,000
CHEVRON CORPORATION COM 166751107 11,198 117,800 X 1 117,800
PAGE TOTAL 59,881
</TABLE>
<PAGE> 13
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHRIS CRAFT INDS INC COM 170520100 18 372 X 1 372
CINCINNATI FINL CORP COM 172062101 2,310 61,500 X 1 61,500
CISCO SYS INC COM 17275R102 52,941 821,600 X 1 821,600
CINTAS CORP COM 172908105 2,352 35,000 X 1 35,000
CITIGROUP INC COM 172967101 37,450 788,430 X 1 788,430
CITRIX SYS INC COM 177376100 554 9,800 X 1 9,800
CLEAR CHANNEL
COMMUNICATIONS COM 184502102 6,921 100,400 X 1 100,400
CLOROX CO DEL COM 189054109 6,302 59,000 X 1 59,000
COASTAL CORP COM 190441105 1,260 31,300 X 1 31,300
COCA COLA CO COM 191216100 31,229 503,700 X 1 503,700
PAGE TOTAL 141,337
</TABLE>
<PAGE> 14
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COLGATE PALMOLIVE CO COM 194162103 6,757 68,600 X 1 68,600
COLTEC INDS INC COM 196879100 434 20,000 X 1 20,000
COLUMBIA ENERGY GROUP COM 197648108 2,545 40,600 X 1 40,600
COLUMBIA/HCA HEALTHCARE
CORP COM 197677107 2,589 113,500 X 1 113,500
COMCAST CORP CL A SPL 200300200 4,128 107,400 X 1 107,400
COMERICA INC COM 200340107 1,899 31,950 X 1 31,950
COMMONWEALTH TEL
ENTERPRISES COM 203349105 1,080 26,700 X 1 26,700
COMPASS BANCSHARES INC COM 20449H109 491 18,000 X 1 18,000
COMPAQ COMPUTER CORP COM 204493100 7,461 315,000 X 1 315,000
COMPUTER ASSOC INTL INC COM 204912109 1,916 35,000 X 1 35,000
PAGE TOTAL 29,300
</TABLE>
<PAGE> 15
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMPUTER SCIENCES
CORP COM 205363104 1,128 16,300 X 1 16,300
COMPUWARE CORP COM 205638109 942 29,600 X 1 29,600
COMVERSE TECHNOLOGY
INC COM PAR $0.10 205862402 1,888 25,000 X 1 25,000
CONSOLIDATED EDISON INC COM 209115104 1,357 30,000 X 1 30,000
COOPER INDS INC COM 216669101 1,560 30,000 X 1 30,000
CORNING INC COM 219350105 3,857 55,000 X 1 55,000
COSTCO COMPANIES INC COM 22160Q102 5,628 70,300 X 1 70,300
COUNTRYWIDE CR INDS
INC DEL COM 222372104 1,017 23,800 X 1 23,800
CROMPTON & KNOWLES CORP COM 227111101 336 17,000 X 1 17,000
CUMMINS ENGINE INC COM 231021106 1,611 28,200 X 1 28,200
PAGE TOTAL 19,324
</TABLE>
<PAGE> 16
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CYTEC INDS INC COM 232820100 220 7,000 X 1 7,000
DTE ENERGY CO COM 233331107 2,396 58,800 X 1 58,800
DANA CORP COM 235811106 760 16,500 X 1 16,500
DAYTON HUDSON CORP COM 239753106 13,163 202,500 X 1 202,500
DEERE & CO COM 244199105 784 20,000 X 1 20,000
DELL COMPUTER CORP COM 247025109 31,598 854,000 X 1 854,000
DELPHI AUTOMOTIVE
SYS CORP COM 247126105 2,749 148,592 X 1 148,592
DIAL CORP NEW COM 25247D101 3,719 100,000 X 1 100,000
DIAMOND OFFSHORE
DRILLING INC COM 25271C102 1,765 62,200 X 1 62,200
DILLARDS INC CL A 254067101 246 7,000 X 1 7,000
PAGE TOTAL 57,400
</TABLE>
<PAGE> 17
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DIME BANCORP INC NEW COM 25429Q102 209 10,400 X 1 10,400
DISNEY WALT CO COM 254687106 17,252 559,900 X 1 559,900
DOLLAR TREE STORES INC COM 256747106 396 9,000 X 1 9,000
DONALDSON INC COM 257651109 446 18,200 X 1 18,200
DONALDSON LUFKIN &
JENRETTE NW COM DLJ 257661108 741 12,300 X 1 12,300
DOVER CORP COM 260003108 2,121 60,600 X 1 60,600
DOW CHEM CO COM 260543103 12,878 101,500 X 1 101,500
DU PONT E I DE NEMOURS
& CO COM 263534109 9,174 134,300 X 1 134,300
DUKE ENERGY CORP COM 264399106 3,942 72,410 X 1 72,410
DUN & BRADSTREET CORP
DEL COM 26483B106 4,242 119,700 X 1 119,700
PAGE TOTAL 51,401
</TABLE>
<PAGE> 18
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
E M C CORP MASS COM 268648102 15,730 286,000 X 1 286,000
EARTHLINK NETWORK INC COM 270322100 61 1,000 X 1 1,000
EASTMAN KODAK CO COM 277461109 5,610 82,800 X 1 82,800
EATON CORP COM 278058102 828 9,000 X 1 9,000
ECHELON CORP COM 27874N105 96 14,310 X 1 14,310
ECOLAB INC COM 278865100 2,094 48,000 X 1 48,000
EDISON INTL COM 281020107 730 27,300 X 1 27,300
EDWARDS AG INC COM 281760108 226 7,000 X 1 7,000
EL PASO ENERGY CORP DEL COM 283905107 3,512 99,800 X 1 99,800
ELECTRONIC ARTS INC COM 285512109 1,627 30,000 X 1 30,000
PAGE TOTAL 30,514
</TABLE>
<PAGE> 19
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ELECTRONIC DATA SYS NEW COM 285661104 1,812 32,000 X 1 32,000
EMERSON ELEC CO COM 291011104 3,619 57,500 X 1 57,500
ENGELHARD CORP COM 292845104 328 14,500 X 1 14,500
ENRON CORP COM 293561106 5,723 70,000 X 1 70,000
ENTERGY CORP NEW COM 29364G103 2,375 76,000 X 1 76,000
EQUITABLE COS INC COM 29444G107 4,382 65,400 X 1 65,400
EXPERT SOFTWARE INC COM 302131107 50,389 X 1 50,389
EXXON CORP COM 302290101 38,562 500,000 X 1 500,000
FDX CORP COM 31304N107 6,260 115,400 X 1 115,400
FEDERAL HOME LN MTG CORP COM 313400301 5,046 87,000 X 1 87,000
PAGE TOTAL 68,107
</TABLE>
<PAGE> 20
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FEDERAL NATL MTG ASSN COM 313586109 11,261 165,000 X 1 165,000
FEDERATED DEPT STORES
INC DEL COM 31410H101 3,679 69,500 X 1 69,500
FIRST DATA CORP COM 319963104 2,520 51,500 X 1 51,500
FIRST UN CORP COM 337358105 10,882 230,912 X 1 230,912
FIRSTAR CORP NEW WIS COM 33763V109 10,506 375,200 X 1 375,200
FLEET FINL GROUP INC NEW COM 338915101 3,284 74,000 X 1 74,000
FORD MTR CO DEL COM 345370100 19,358 343,000 X 1 343,000
FOREST LABS INC CL A 345838106 3,853 83,300 X 1 83,300
FORT JAMES CORP COM 347471104 379 10,000 X 1 10,000
FRONTIER CORPORATION COM 35906P105 1,753 29,900 X 1 29,900
PAGE TOTAL 67,475
</TABLE>
<PAGE> 21
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GTE CORP COM 362320103 20,332 269,300 X 1 269,300
GALILEO INTERNATIONAL
INC COM 363547100 908 17,000 X 1 17,000
GANNETT INC COM 364730101 3,148 44,100 X 1 44,100
GAP INC DEL COM 364760108 11,589 230,062 X 1 230,062
GENERAL ELEC CO COM 369604103 91,971 813,900 X 1 813,900
GENERAL MTRS CORP COM 370442105 14,032 212,600 X 1 212,600
GENUINE PARTS CO COM 372460105 637 18,200 X 1 18,200
GENZYME CORP COM GENL DIV 372917104 485 10,000 X 1 10,000
GEORGIA PAC CORP COM GA PAC GRP 373298108 4,311 91,000 X 1 91,000
GILLETTE CO COM 375766102 9,352 228,100 X 1 228,100
PAGE TOTAL 156,765
</TABLE>
<PAGE> 22
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GLOBAL MARINE INC COM 379352404 775 50,000 X 1 50,000
GOODYEAR TIRE & RUBR CO COM 382550101 1,470 25,000 X 1 25,000
GRAINGER W W INC COM 384802104 1,033 19,200 X 1 19,200
GREAT LAKES CHEM CORP COM 390568103 967 21,000 X 1 21,000
GREIF BROS CORP CL A 397624107 92 3,600 X 1 3,600
GUIDANT CORP COM 401698105 5,470 107,000 X 1 107,000
GULFSTREAM AEROSPACE CORP COM 402734107 1,777 26,300 X 1 26,300
HALLIBURTON CO COM 406216101 2,489 55,000 X 1 55,000
HANNAFORD BROS CO COM 410550107 1,856 34,700 X 1 34,700
HARLEY DAVIDSON INC COM 412822108 1,196 22,000 X 1 22,000
PAGE TOTAL 17,125
</TABLE>
<PAGE> 23
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HARRIS CORP DEL COM 413875105 443 11,300 X 1 11,300
HARTFORD FINL SVCS
GROUP INC COM 416515104 1,446 24,800 X 1 24,800
HARTFORD LIFE INC CL A 416592103 1,816 34,500 X 1 34,500
HASBRO INC COM 418056107 846 30,300 X 1 30,300
HEALTH MGMT ASSOC
INC NEW CL A 421933102 155 13,755 X 1 13,755
HEINZ H J CO COM 423074103 1,980 39,500 X 1 39,500
HELMERICH & PAYNE INC COM 423452101 678 28,700 X 1 28,700
HERTZ CORP CL A 428040109 930 15,000 X 1 15,000
HEWLETT PACKARD CO COM 428236103 8,874 88,300 X 1 88,300
HOME DEPOT INC COM 437076102 27,192 422,000 X 1 422,000
PAGE TOTAL 44,360
</TABLE>
<PAGE> 24
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HONEYWELL INC COM 438506107 1,066 9,200 X 1 9,200
HOUSEHOLD INTL INC COM 441815107 4,264 90,000 X 1 90,000
HUSSMANN INTL INC COM 448110106 181 10,900 X 1 10,900
IBP INC COM 449223106 259 10,900 X 1 10,900
ITT INDS INC IND COM 450911102 1,952 51,200 X 1 51,200
IKON OFFICE SOLUTIONS
INC COM 451713101 405 27,000 X 1 27,000
ILLINOIS TOOL WKS INC COM 452308109 2,452 30,000 X 1 30,000
IMMUNEX CORP NEW COM 452528102 4,078 32,000 X 1 32,000
INCO LTD COM 453258402 810 45,000 X 1 45,000
INFINITY BROADCASTING
CP NEW CL A 45662S102 591 20,000 X 1 20,000
PAGE TOTAL 16,058
</TABLE>
<PAGE> 25
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INFOSEEK CORP COM 45678M107 72 1,500 X 1 1,500
INGERSOLL RAND CO COM 456866102 2,747 42,500 X 1 42,500
INTEL CORP COM 458140100 53,966 907,000 X 1 907,000
INTERNATIONAL
BUSINESS MACHS COM 459200101 66,693 516,000 X 1 516,000
INTL PAPER CO COM 460146103 3,809 75,794 X 1 75,794
INTIMATE BRANDS INC CL A 461156101 497 10,500 X 1 10,500
INTUIT COM 461202103 1,568 17,400 X 1 17,400
ISLE OF CAPRIS
CASINOS INC COM 464592104 44 6,351 X 1 6,351
ITRON INC SB NT CV 144A 04 465741AA4 256 367,000 X 1 367,000
JOHNSON & JOHNSON COM 478160104 20,580 210,000 X 1 210,000
PAGE TOTAL 150,232
</TABLE>
<PAGE> 26
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JOHNSON CTLS INC COM 478366107 3,916 56,500 X 1 56,500
K MART CORP COM 482584109 413 25,000 X 1 25,000
KANSAS CITY SOUTHN
INDS INC COM 485170104 2,010 31,500 X 1 31,500
KELLY SVCS INC CL A 488152208 238 7,400 X 1 7,400
KEYCORP NEW COM 493267108 642 20,000 X 1 20,000
KIMBERLY CLARK CORP COM 494368103 1,425 25,000 X 1 25,000
KNOLL INC COM 498904101 1,281 48,125 X 1 48,125
KOHLS CORP COM 500255104 4,612 60,000 X 1 60,000
KROGER CO COM 501044101 16,885 604,400 X 1 604,400
LEAR CORP COM 521865105 498 10,000 X 1 10,000
PAGE TOTAL 31,920
</TABLE>
<PAGE> 27
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LEHMAN BROS HLDGS INC COM 524908100 746 12,000 X 1 12,000
LEXMARK INTL GROUP INC CL A 529771107 4,323 66,000 X 1 66,000
LIFEPOINT HOSPITALS INC COM 53219L109 100 7,477 X 1 7,477
LILLY ELI & CO COM 532457108 12,950 180,800 X 1 180,800
LIMITED INC COM 532716107 1,225 27,000 X 1 27,000
LOCKHEED MARTIN CORP COM 539830109 3,464 93,000 X 1 93,000
LOUISIANA PAC CORP COM 546347105 131 5,500 X 1 5,500
LOWES COS INC COM 548661107 9,637 170,000 X 1 170,000
LUCENT TECHNOLOGIES INC COM 549463107 51,417 762,450 X 1 762,450
LYCOS INC COM 550818108 138 1,500 X 1 1,500
PAGE TOTAL 84,131
</TABLE>
<PAGE> 28
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MBIA INC COM 55262C100 4,144 64,000 X 1 64,000
MBNA CORP COM 55262L100 5,241 171,150 X 1 171,150
MCI WORLDCOM INC COM 55268B106 44,055 511,900 X 1 511,900
MACROMEDIA INC COM 556100105 106 3,000 X 1 3,000
MARSH & MCLENNAN COS INC COM 571748102 8,939 118,100 X 1 118,100
MATTEL INC COM 577081102 784 30,000 X 1 30,000
MAY DEPT STORES CO COM 577778103 1,980 48,450 X 1 48,450
MAYTAG CORP COM 578592107 2,381 34,100 X 1 34,100
MCDERMOTT INTL INC COM 580037109 551 19,500 X 1 19,500
MCDONALDS CORP COM 580135101 5,239 127,400 X 1 127,400
PAGE TOTAL 73,420
</TABLE>
<PAGE> 29
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MCKESSON HBOC INC COM 58155Q103 2,366 73,500 X 1 73,500
MEAD CORP COM 582834107 1,524 36,500 X 1 36,500
MEDIAONE GROUP INC COM 58440J104 6,054 81,400 X 1 81,400
MEDIA GEN INC CL A 584404107 5,039 98,800 X 1 98,800
MEDIMMUNE INC COM 584699102 1,531 22,600 X 1 22,600
MEDTRONIC INC COM 585055106 9,685 124,364 X 1 124,364
MERCK & CO INC COM 589331107 34,758 472,100 X 1 472,100
MERRILL LYNCH & CO INC COM 590188108 6,750 84,900 X 1 84,900
MICROSOFT CORP COM 594918104 107,716 1,194,365 X 1 1,194,365
MICRON TECHNOLOGY INC COM 595112103 356 8,800 X 1 8,800
PAGE TOTAL 175,779
</TABLE>
<PAGE> 30
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MILLENNIUM CHEMICALS
INC COM 599903101 210 8,900 X 1 8,900
MINDSPRING ENTERPRISES
INC COM 602683104 106 2,400 X 1 2,400
MOBIL CORP COM 607059102 38,108 385,900 X 1 385,900
MODINE MFG CO COM 607828100 635 19,500 X 1 19,500
MONSANTO CO COM 611662107 6,310 159,500 X 1 159,500
MORGAN J P & CO INC COM 616880100 140 1,000 X 1 1,000
MORGAN STANLEY DEAN
WITTER & CO COM NEW 617446448 20,833 203,000 X 1 203,000
MOTOROLA INC COM 620076109 2,587 27,300 X 1 27,300
NABISCO GROUP HLDG CORP COM 62952P102 1,768 90,400 X 1 90,400
NABISCO HLDGS CORP CL A 629526104 688 16,000 X 1 16,000
PAGE TOTAL 71,385
</TABLE>
<PAGE> 31
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NATIONAL COMM BANCORP COM 635449101 525 24,000 X 1 24,000
NATIONAL SEMICONDUCTOR
CORP COM 637640103 519 20,500 X 1 20,500
NAVISTAR INTL CORP NEW COM 63934E108 4,320 86,400 X 1 86,400
NEIMAN MARCUS GROUP INC COM 640204103 609 23,700 X 1 23,700
NETWORKS ASSOCS INC COM 640938106 29 2,000 X 1 2,000
NEW ENGLAND ELEC SYS COM 644001109 3,424 68,300 X 1 68,300
NEXTEL COMMUNICATIONS
INC CL A 65332V103 361 7,200 X 1 7,200
NOKIA CORP SPONSORED ADR 654902204 15,566 170,000 X 1 170,000
NORFOLK SOUTHERN CORP COM 655844108 1,506 50,000 X 1 50,000
NORTEL NETWORKS CORP COM 656569100 1,736 20,000 X 1 20,000
PAGE TOTAL 28,595
</TABLE>
<PAGE> 32
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NORTHN STS PWR CO MINN COM 665772109 6,146 254,100 X 1 254,100
NORTHERN TR CORP COM 665859104 5,966 61,500 X 1 61,500
NORTHWEST AIRLS CORP CL A 667280101 650 20,000 X 1 20,000
NOVELL INC COM 670006105 1,007 38,000 X 1 38,000
NUCOR CORP COM 670346105 474 10,000 X 1 10,000
OCCIDENTAL PETE CORP DEL COM 674599105 1,479 70,000 X 1 70,000
ONSALE INC COM 682838107 57 3,000 X 1 3,000
ORACLE CORP COM 68389X105 10,521 283,400 X 1 283,400
OWENS CORNING COM 69073F103 206 6,000 X 1 6,000
PECO ENERGY CO COM 693304107 5,971 142,600 X 1 142,600
PAGE TOTAL 32,477
</TABLE>
<PAGE> 33
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PG&E CORP COM 69331C108 4,833 149,000 X 1 149,000
PE CORP COM PE BIO GRP 69332S102 4,177 36,400 X 1 36,400
PE CORP CELERA GEN GRP 69332S201 295 18,200 X 1 18,200
PNC BK CORP COM 693475105 6,212 107,800 X 1 107,800
P P & L RES INC COM 693499105 3,293 107,100 X 1 107,100
PPG INDS INC COM 693506107 709 12,000 X 1 12,000
PACIFICARE HEALTH
SYS DEL CL A 695112102 367 5,100 X 1 5,100
PAINE WEBBER GROUP
INC COM 695629105 1,636 35,000 X 1 35,000
PARK PL ENTMT CORP COM 700690100 908 95,000 X 1 95,000
PARKER HANNIFIN CORP COM 701094104 686 15,000 X 1 15,000
PAGE TOTAL 23,116
</TABLE>
<PAGE> 34
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PAYCHEX INC COM 704326107 1,316 41,300 X 1 41,300
PENNEY J C INC COM 708160106 403 8,300 X 1 8,300
PENTON MEDIA INC COM 709668107 376 15,500 X 1 15,500
PEPSICO INC COM 713448108 14,759 381,500 X 1 381,500
PHARMACIA & UPJOHN INC COM 716941109 2,272 40,000 X 1 40,000
PFIZER INC COM 717081103 108,891 999,000 X 1 999,000
PHELPS DODGE CORP COM 717265102 273 4,400 X 1 4,400
PHILIP MORRIS COS INC COM 718154107 20,708 515,300 X 1 515,300
PHILLIPS PETE CO COM 718507106 5,549 110,300 X 1 110,300
PRICE T ROWE & ASSOCIATES COM 741477103 461 12,000 X 1 12,000
PAGE TOTAL 155,008
</TABLE>
<PAGE> 35
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PROCTER & GAMBLE CO COM 742718109 27,355 306,500 X 1 306,500
PROGRESSIVE CORP OHIO COM 743315103 1,233 8,500 X 1 8,500
PROTECTIVE LIFE CORP COM 743674103 1,870 55,000 X 1 55,000
PROVIDIAN FINL CORP COM 74406A102 11,377 122,000 X 1 122,000
PUBLIC SVC ENTERPRISE
GROUP COM 744573106 1,530 37,500 X 1 37,500
QUAKER OATS CO COM 747402105 2,330 35,100 X 1 35,100
R & B FALCON CORP COM 74912E101 417 44,500 X 1 44,500
QWEST COMMUNICATIONS
INTL INC COM 749121109 2,499 75,600 X 1 75,600
RALSTON PURINA CO COM RAL-PUR GP 751277302 3,768 123,800 X 1 123,800
RAYTHEON CO CL B 755111408 3,779 53,600 X 1 53,600
PAGE TOTAL 56,158
</TABLE>
<PAGE> 36
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
READERS DIGEST
ASSN INC CL A NON VTG 755267101 894 22,500 X 1 22,500
REALNETWORKS INC COM 75605L104 344 5,000 X 1 5,000
REPSOL S A SPONSORED ADR 76026T205 567 27,900 X 1 27,900
REPUBLIC N Y CORP COM 760719104 1,636 24,000 X 1 24,000
REYNOLDS R J TOB
HLDGS INC COM 76182K105 957 30,133 X 1 30,133
RITE AID CORP COM 767754104 197 8,000 X 1 8,000
ROBERT HALF INTL INC COM 770323103 168 6,500 X 1 6,500
ROGERS CANTEL MOBILE
COMMN CL B RSTRG VTG 775102205 362 22,000 X 1 22,000
ROHM & HAAS CO COM 775371107 1,951 45,500 X 1 45,500
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 9,038 150,000 X 1 150,000
PAGE TOTAL 16,114
</TABLE>
<PAGE> 37
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RYERSON TULL INC NEW COM 78375P107 50 2,200 X 1 2,200
SBC COMMUNICATIONS INC COM 78387G103 25,120 433,100 X 1 433,100
SFX ENTMT INC CL A 784178105 570 8,900 X 1 8,900
SLM HLDG CORP COM 78442A109 660 14,400 X 1 14,400
SPS TECHNOLOGIES INC COM 784626103 135 3,600 X 1 3,600
SAFEWAY INC COM NEW 786514208 14,949 302,000 X 1 302,000
ST PAUL COS INC COM 792860108 2,818 88,600 X 1 88,600
SCHERING PLOUGH CORP COM 806605101 28,087 535,000 X 1 535,000
SCHLUMBERGER LTD COM 806857108 7,432 116,700 X 1 116,700
SCHWAB CHARLES CORP NEW COM 808513105 11,445 105,000 X 1 105,000
PAGE TOTAL 91,266
</TABLE>
<PAGE> 38
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SEAGATE TECHNOLOGY COM 811804103 128 5,000 X 1 5,000
SEAGRAM LTD COM 811850106 7,350 145,900 X 1 145,900
SEALED AIR CORP NEW COM 81211K100 1,587 24,459 X 1 24,459
SEALED AIR CORP NEW PFD CV A $2 81211K209 214 3,420 X 1 3,420
SEARS ROEBUCK & CO COM 812387108 579 13,000 X 1 13,000
SERVICE CORP INTL COM 817565104 1,355 70,400 X 1 70,400
SERVICEMASTER CO COM 81760N109 793 42,300 X 1 42,300
SIEBEL SYS INC COM 826170102 1,160 17,500 X 1 17,500
SMITH INTL INC COM 832110100 652 15,000 X 1 15,000
SOLECTRON CORP COM 834182107 4,801 72,000 X 1 72,000
PAGE TOTAL 18,619
</TABLE>
<PAGE> 39
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SOLUTIA INC COM 834376105 256 12,000 X 1 12,000
SOUTHERN CO COM 842587107 2,300 86,800 X 1 86,800
SOUTHWEST AIRLS CO COM 844741108 2,334 75,000 X 1 75,000
SPRINT CORP COM FON GROUP 852061100 12,741 240,400 X 1 240,400
SPRINT CORP PCS COM SER 1 852061506 4,275 75,000 X 1 75,000
STAPLES INC COM 855030102 2,568 83,000 X 1 83,000
STERIS CORP COM 859152100 1,108 57,200 X 1 57,200
STERLING COMM INC COM 859205106 717 19,500 X 1 19,500
SUN MICROSYSTEMS INC COM 866810104 18,252 265,000 X 1 265,000
SUNBEAM CORP COM 867071102 40 5,000 X 1 5,000
PAGE TOTAL 44,591
</TABLE>
<PAGE> 40
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SUNGARD DATA SYS INC COM 867363103 2,784 80,700 X 1 80,700
SUNOCO INC COM 86764P109 205 6,800 X 1 6,800
SUPERVALU INC COM 868536103 260 10,050 X 1 10,050
TJX COS INC NEW COM 872540109 873 26,200 X 1 26,200
TECH DATA CORP COM 878237106 501 13,100 X 1 13,100
TELEPHONE & DATA SYS INC COM 879433100 5,528 75,600 X 1 75,600
TEMPLE INLAND INC COM 879868107 2,402 35,000 X 1 35,000
TENET HEALTHCARE CORP COM 88033G100 308 16,579 X 1 16,579
TEXACO INC COM 881694103 7,485 120,000 X 1 120,000
TEXAS INSTRS INC COM 882508104 6,739 46,800 X 1 46,800
PAGE TOTAL 27,085
</TABLE>
<PAGE> 41
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TEXAS UTILS CO COM 882848104 3,398 82,000 X 1 82,000
TEXTRON INC COM 883203101 5,268 64,000 X 1 64,000
TIFFANY & CO NEW COM 886547108 2,094 21,700 X 1 21,700
TIME WARNER INC COM 887315109 30,706 422,800 X 1 422,800
TOSCO CORP COM NEW 891490302 2,983 115,000 X 1 115,000
TRANSAMERICA CORP COM 893485102 3,870 51,600 X 1 51,600
TRAVELERS PPTY CAS CORP CL A 893939108 2,152 55,000 X 1 55,000
TRIAD HOSPITALS INC COM 89579K109 101 7,477 X 1 7,477
TRICON GLOBAL RESTAURANTS COM 895953107 5,439 100,500 X 1 100,500
TRIBUNE CO NEW COM 896047107 871 10,000 X 1 10,000
PAGE TOTAL 56,882
</TABLE>
<PAGE> 42
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRIGON HEALTHCARE INC COM 89618L100 564 15,500 X 1 15,500
TYCO INTL LTD NEW COM 902124106 24,471 258,272 X 1 258,272
US BANCORP DEL COM 902973106 5,403 161,900 X 1 161,900
USA NETWORKS INC COM 902984103 1,003 25,000 X 1 25,000
USEC INC COM 90333E108 247 16,600 X 1 16,600
USX-U S STL COM 90337T101 405 15,000 X 1 15,000
UNILEVER N V N Y SHS NEW 904784709 14,230 204,017 X 1 204,017
UNICOM CORP COM 904911104 9,448 245,000 X 1 245,000
UNION CARBIDE CORP COM 905581104 1,789 36,700 X 1 36,700
UNION PAC CORP COM 907818108 2,636 45,200 X 1 45,200
PAGE TOTAL 60,196
</TABLE>
<PAGE> 43
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UNIONBANCAL CORP COM 908906100 1,730 47,900 X 1 47,900
UNIPHASE CORP COM 909149106 6,640 40,000 X 1 40,000
UNISYS CORP COM 909214108 973 25,000 X 1 25,000
UNITED HEALTHCARE CORP COM 910581107 1,541 24,600 X 1 24,600
U S WEST INC NEW COM 91273H101 2,644 45,000 X 1 45,000
UNITED TECHNOLOGIES CORP COM 913017109 19,973 277,400 X 1 277,400
USWEB CORP COM 917327108 35 1,600 X 1 1,600
V F CORP COM 918204108 6,156 144,000 X 1 144,000
VALASSIS COMMUNICATIONS INC COM 918866104 1,568 42,800 X 1 42,800
VASTAR RES INC COM 922380100 734 14,000 X 1 14,000
PAGE TOTAL 41,994
</TABLE>
<PAGE> 44
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VERITAS SOFTWARE CO COM 923436109 6,503 68,500 X 1 68,500
VIACOM INC CL A 925524100 6,336 143,600 X 1 143,600
VIACOM INC WT EXP 070799 925524134 112 6,051 X 1 6,051
VIACOM INC CL B 925524308 7,374 167,600 X 1 167,600
VICAL INC COM 925602104 228 18,809 X 1 18,809
VITESSE SEMI-
CONDUCTOR CORP COM 928497106 688 10,200 X 1 10,200
VODAFONE GROUP PLC SPONSORED ADR 92857T107 13,120 66,600 X 1 66,600
VULCAN MATLS CO COM 929160109 5,182 107,400 X 1 107,400
WAL MART STORES INC COM 931142103 49,398 1,023,800 X 1 1,023,800
WALGREEN CO COM 931422109 6,265 213,264 X 1 213,264
PAGE TOTAL 95,206
</TABLE>
<PAGE> 45
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WARNER LAMBERT CO COM 934488107 15,553 225,000 X 1 225,000
WASHINGTON MUT INC COM 939322103 8,617 242,300 X 1 242,300
WASTE MGMT INC DEL COM 94106L109 4,762 88,600 X 1 88,600
WAUSAU-MOSINEE PAPER
CORP COM 943315101 47 2,600 X 1 2,600
WELLPOINT HEALTH
NETWORK NEW COM 94973H108 1,697 20,000 X 1 20,000
WELLS FARGO & CO NEW COM 949746101 214 5,000 X 1 5,000
WESTAMERICA
BANCORPORATION COM 957090103 912 25,000 X 1 25,000
WEYERHAEUSER CO COM 962166104 2,166 31,500 X 1 31,500
WHIRLPOOL CORP COM 963320106 4,507 60,900 X 1 60,900
WILLAMETTE INDS INC COM 969133107 967 21,000 X 1 21,000
PAGE TOTAL 39,442
</TABLE>
<PAGE> 46
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------- -------------- -------- -------- ------------------- ---------- -------- -----------------------
INVESTMENT
VALUE SHRS OR SH/ PUT/ DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SHARED MANAGERS SOLE SHARES NONE
- -------------- -------------- -------- -------- -------- --- ---- ---------- -------- -----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WILLIAMS COS INC DEL COM 969457100 2,000 47,000 X 1 47,000
WILLIAMS SONOMA INC COM 969904101 453 13,000 X 1 13,000
WISCONSIN ENERGY CORP COM 976657106 1,253 50,000 X 1 50,000
XOMED SURGICAL PRODS INC COM 98412V107 1,913 39,300 X 1 39,300
XEROX CORP COM 984121103 18,829 318,800 X 1 318,800
YAHOO INC COM 984332106 2,842 16,500 X 1 16,500
PAGE TOTAL 27,290
GRAND TOTAL 2,686,045
</TABLE>
