<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: March 31, 2000
Check here if Amendment [ ] Amendment Number:
-----
This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: GTE Investment Management Corporation
Address: 695 Main Street, Suite 600
Stamford, CT 06912-0029
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
Phone: (203) 965-2757
Signature, Place, and Date of Signing:
/s/ T. Britton Harris, IV Stamford, Connecticut 05/10/00
- ----------------------------- ------------------------- ------------
(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 managers.)
[ ] 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 managers.)
List of Other Managers Reporting for this Manager: None
<PAGE> 2
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 2
Form 13F Information Table Value Total: $3,154,086
----------
(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 NAME OF REPORTING MANAGER: GTE LEASING CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bear Stearns 5.50 Preferred 07390220 $840 18,400 X 2 18,400
Citicorp 6.00 Preferred 173034208 $ 0 called 2/28/98 X 2 called 2/28/98
Citicorp 6.00 Preferred 173034208 $ 0 called 2/28/98 X 2 called 2/28/98
TOTAL PORTFOLIO $840
</TABLE>
<PAGE> 4
PAGE 1
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DAIMLERCHRYSLER AG ORD D1668R123 1,440 22,005 X 1 22,005
GLOBAL CROSSING LTD COM G3921A100 4,383 107,075 X 1 107,075
RENAISSANCE RE HLDGS LTD COM G7496G103 1,226 30,000 X 1 30,000
TRANSOCEAN SEDCO
FOREX INC ORD G90078109 2,215 43,172 X 1 43,172
TARO PHARMACEUTICAL
INDS LTD ORD M8737E108 650 60,492 X 1 60,492
ROYAL CARIBBEAN
CRUISES LTD PFD CONV A V7780T111 528 6,000 X 1 6,000
A D C TELECOMMUNICATIONS COM 000886101 1,169 21,700 X 1 21,700
AES CORP COM 00130H105 835 10,600 X 1 10,600
AK STL HLDG CORP COM 001547108 38 3,700 X 1 3,700
AMR CORP COM 001765106 1,415 44,400 X 1 44,400
PAGE TOTAL 13,899
</TABLE>
<PAGE> 5
PAGE 2
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T CORP COM 001957109 36,874 654,808 X 1 654,808
AT&T CORP COM LIB GRP A 001957208 19,840 334,499 X 1 334,499
AXA FINL INC COM 002451102 5,216 145,400 X 1 145,400
ABBOTT LABS COM 002824100 2,090 59,400 X 1 59,400
ABERCROMBIE & FITCH CO CL A 002896207 96 6,000 X 1 6,000
ADELPHIA
COMMUNICATIONS CORP CL A 006848105 491 10,016 X 1 10,016
ADOBE SYS INC COM 00724F101 5,799 52,100 X 1 52,100
AERIAL
COMMUNICATIONS INC COM 007655103 2,568 45,200 X 1 5,200
ADVANCED MICRO
DEVICES INC COM 007903107 177 3,100 X 1 3,100
AEGON N V ORD AMER REG 007924103 1,678 20,847 X 1 20,847
PAGE TOTAL 74,829
</TABLE>
<PAGE> 6
PAGE 3
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AETNA INC COM 008117103 1,254 22,600 X 1 22,600
AGRIBRANDS INTL INC COM 00849R105 682 17,360 X 1 17,360
AIR PRODS & CHEMS INC COM 009158106 592 20,831 X 1 20,831
ALBERTSONS INC COM 013104104 2,472 80,050 X 1 80,050
ALCAN ALUMINIUM LTD NEW COM 013716105 954 28,000 X 1 28,000
ALCOA INC COM 013817101 7,826 111,400 X 1 111,400
ALLEGHENY ENERGY INC COM 017361106 2,677 96,700 X 1 96,700
ALLEGHENY
TECHNOLOGIES INC COM 01741R102 481 24,000 X 1 24,000
ALLEGIANCE TELECOM INC COM 01747T102 903 11,200 X 1 11,200
ALLERGAN INC COM 018490102 1,560 31,200 X 1 31,200
PAGE TOTAL 19,401
</TABLE>
<PAGE> 7
PAGE 4
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 190 28,900 X 1 28,900
ALLMERICA FINL CORP COM 019754100 117 2,300 X 1 2,300
ALLSTATE CORP COM 020002101 2,107 88,500 X 1 88,500
ALLTEL CORP COM 020039103 4,390 69,400 X 1 69,400
ALTERA CORP COM 021441100 446 5,000 X 1 5,000
ALZA CORP DEL COM 022615108 2,115 56,300 X 1 56,300
AMAZON COM INC COM 023135106 2,653 39,600 X 1 39,600
AMBAC FINL GROUP INC COM 023139108 6,065 120,400 X 1 120,400
AMERICA ONLINE INC DEL COM 02364J104 40,375 598,700 X 1 598,700
AMERICAN EAGLE
OUTFITTERS NEW COM 02553E106 436 11,500 X 1 11,500
PAGE TOTAL 58,894
</TABLE>
<PAGE> 8
PAGE 5
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERICAN ELEC PWR INC COM 025537101 60 2,000 X 1 2,000
AMERICAN EXPRESS CO COM 025816109 27,926 187,500 X 1 187,500
AMERICAN GENERAL CORP COM 026351106 4,224 75,260 X 1 75,260
AMERICAN GREETINGS CORP CL A 026375105 2 100 X 1 100
AMERICAN HOME PRODS CORP COM 026609107 15,899 295,800 X 1 295,800
AMERICAN INTL GROUP INC COM 026874107 33,669 307,484 X 1 307,484
AMERITRADE HLDG CORP CL A 03072H109 119 5,700 X 1 5,700
AMGEN INC COM 031162100 22,991 374,600 X 1 374,600
AMSOUTH BANCORPORATION COM 032165102 2,465 165,000 X 1 165,000
ANALOG DEVICES INC COM 032654105 370 4,600 X 1 4,600
PAGE TOTAL 107,725
</TABLE>
<PAGE> 9
PAGE 6
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ANHEUSER BUSCH COS INC COM 035229103 9,549 153,400 X 1 153,400
ANNTAYLOR STORES CORP COM 036115103 110 4,800 X 1 4,800
AON CORP COM 037389103 2,545 78,900 X 1 78,900
APACHE CORP COM 037411105 35 700 X 1 700
APPLE COMPUTER INC COM 037833100 7,334 54,000 X 1 54,000
APPLIED MATLS INC COM 038222105 21,809 231,400 X 1 231,400
ARCH COAL INC COM 039380100 105 14,978 X 1 14,978
ARCHER DANIELS
MIDLAND CO COM 039483102 485 47,000 X 1 47,000
ARMSTRONG WORLD INDS INC COM 042476101 34 1,900 X 1 1,900
ARROW ELECTRS INC COM 042735100 343 9,718 X 1 9,718
PAGE TOTAL 42,349
</TABLE>
<PAGE> 10
PAGE 7
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASHLAND INC COM 044204105 2,024 60,868 X 1 60,868
ASSOCIATED BANC CORP COM 045487105 824 27,583 X 1 27,583
AT HOME CORP COM SER A 045919107 155 4,700 X 1 4,700
ASSOCIATES FIRST
CAP CORP CL A 046008108 1,073 50,184 X 1 50,184
ASTORIA FINL CORP COM 046265104 74 2,600 X 1 2,600
ATLANTIC RICHFIELD CO COM 048825103 5,666 66,660 X 1 66,660
AUTODESK INC COM 052769106 137 3,000 X 1 3,000
AUTOMATIC DATA
PROCESSING INC COM 053015103 507 10,500 X 1 10,500
AUTONATION INC COM 05329W102 183 23,000 X 1 23,000
AUTOZONE INC COM 053332102 3 100 X 1 100
PAGE TOTAL 10,646
</TABLE>
<PAGE> 11
PAGE 8
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AVERY DENNISON CORP COM 053611109 1,260 20,640 X 1 20,640
AVNET INC COM 053807103 32 500 X 1 500
AVON PRODS INC COM 054303102 977 33,400 X 1 33,400
AZTAR CORP COM 054802103 552 58,100 X 1 58,100
BJS WHOLESALE CLUB INC COM 05548J106 2,011 52,400 X 1 52,400
BJ SVCS CO COM 055482103 887 12,000 X 1 12,000
BP AMOCO P L C SPONSORED ADR 055622104 2,663 50,000 X 1 50,000
BMC SOFTWARE INC COM 055921100 3,318 67,200 X 1 67,200
BAKER HUGHES INC COM 057224107 45 1,500 X 1 1,500
BALL CORP COM 058498106 397 11,500 X 1 11,500
PAGE TOTAL 12,142
</TABLE>
<PAGE> 12
PAGE 9
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BANK OF AMERICA
CORPORATION COM 060505104 21,625 412,400 X 1 412,400
BANK NEW YORK INC COM 064057102 8,965 215,700 X 1 215,700
BANK ONE CORP COM 06423A103 5,841 169,300 X 1 169,300
BARD C R INC COM 067383109 228 5,900 X 1 5,900
BARNES & NOBLE INC COM 067774109 45 1,900 X 1 1,900
BARRICK GOLD CORP COM 067901108 595 37,900 X 1 37,900
BAUSCH & LOMB INC COM 071707103 1,305 25,000 X 1 25,000
BEA SYS INC COM 073325102 12,397 168,950 X 1 168,950
BEAR STEARNS COS INC COM 073902108 23 500 X 1 500
BECTON DICKINSON & CO COM 075887109 250 9,500 X 1 9,500
PAGE TOTAL 51,274
</TABLE>
<PAGE> 13
PAGE 10
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BED BATH & BEYOND INC COM 075896100 957 24,300 X 1 24,300
BELL ATLANTIC CORP COM 077853109 24,163 395,300 X 1 395,300
BELLSOUTH CORP COM 079860102 19,861 423,700 X 1 423,700
BERGEN BRUNSWIG CORP CL A 083739102 35 5,200 X 1 5,200
BERKSHIRE HATHAWAY
INC DEL CL A 084670108 30 X 1 30
BEST BUY INC COM 086516101 2,769 32,200 X 1 32,200
BESTFOODS COM 08658U101 5,852 125,000 X 1 125,000
BIOGEN INC COM 090597105 839 12,000 X 1 12,000
BIOMET INC COM 090613100 51 1,400 X 1 1,400
BLACK & DECKER CORP COM 091797100 26 700 X 1 700
PAGE TOTAL 54,553
</TABLE>
<PAGE> 14
PAGE 11
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BLOCK H & R INC COM 093671105 36 800 X 1 800
BOEING CO COM 097023105 5,986 158,300 X 1 158,300
BOISE CASCADE CORP COM 097383103 904 26,008 X 1 26,008
BORG-WARNER
AUTOMOTIVE INC COM 099724106 102 2,600 X 1 2,600
BOSTON SCIENTIFIC CORP COM 101137107 1,400 65,700 X 1 65,700
BOWATER INC COM 102183100 320 6,000 X 1 6,000
BRIGGS & STRATTON CORP COM 109043109 617 15,000 X 1 15,000
BRINKER INTL INC COM 109641100 24 800 X 1 800
BRISTOL MYERS SQUIBB CO COM 110122108 40,780 703,100 X 1 703,100
BROADCOM CORP CL A 111320107 6,363 26,200 X 1 26,200
PAGE TOTAL 56,532
</TABLE>
<PAGE> 15
PAGE 12
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BROADWING INC COM 111620100 1,060 28,500 X 1 28,500
BURLINGTON NORTHN
SANTA FE CP COM 12189T104 2,621 115,200 X 1 115,200
BURLINGTON RES INC COM 122014103 777 21,000 X 1 21,000
CBS CORP COM 12490K107 317 5,600 X 1 5,600
CIGNA CORP COM 125509109 7,287 96,200 X 1 96,200
CIT GROUP INC CL A 125577106 564 28,900 X 1 28,900
CMGI INC COM 125750109 2,674 23,600 X 1 23,600
CMS ENERGY CORP COM 125896100 13 700 X 1 700
CNF TRANSN INC COM 12612W104 105 3,800 X 1 3,800
CSX CORP COM 126408103 2,388 101,600 X 1 101,600
PAGE TOTAL 17,806
</TABLE>
<PAGE> 16
PAGE 13
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CTS CORP COM 126501105 8,060 141,400 X 1 141,400
CVS CORP COM 126650100 1,161 30,900 X 1 30,900
CABLEVISION SYS CORP CL A 12686C109 3,827 63,000 X 1 63,000
CABLETRON SYS INC COM 126920107 226 7,700 X 1 7,700
CADENCE DESIGN
SYSTEM INC COM 127387108 146 7,100 X 1 7,100
CALPINE CORP COM 131347106 5,076 54,000 X 1 54,000
CANADIAN PAC LTD NEW COM 135923100 289 12,900 X 1 12,900
CAPITAL ONE FINL CORP COM 14040H105 4,482 93,500 X 1 93,500
CARDINAL HEALTH INC COM 14149Y108 3,170 69,108 X 1 69,108
CARNIVAL CORP COM 143658102 1,836 74,000 X 1 74,000
PAGE TOTAL 28,273
</TABLE>
<PAGE> 17
PAGE 14
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAROLINA PWR & LT CO COM 144141108 39 1,200 X 1 1,200
CATALINA MARKETING CORP COM 148867104 506 5,000 X 1 5,000
CATERPILLAR INC DEL COM 149123101 1,341 34,000 X 1 34,000
CENDANT CORP COM 151313103 5,470 295,694 X 1 295,694
CENTEX CORP COM 152312104 448 18,800 X 1 18,800
CENTURYTEL INC COM 156700106 1,856 50,000 X 1 50,000
CERIDIAN CORP COM 15677T106 80 4,182 X 1 4,182
CHAMPION INTL CORP COM 158525105 676 12,700 X 1 12,700
CHARTER ONE FINL INC COM 160903100 1,058 50,360 X 1 50,360
CHASE MANHATTAN CORP NEW COM 16161A108 19,887 228,100 X 1 228,100
PAGE TOTAL 31,361
</TABLE>
<PAGE> 18
PAGE 15
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHECKFREE HLDGS CORP COM 162816102 494 7,000 X 1 7,000
CHEVRON CORPORATION COM 166751107 8,236 89,100 X 1 89,100
CHUBB CORP COM 171232101 203 3,000 X 1 3,000
CHURCH & DWIGHT INC COM 171340102 282 16,400 X 1 16,400
CIENA CORP COM 171779101 416 3,300 X 1 3,300
CINCINNATI FINL CORP COM 172062101 395 10,500 X 1 10,500
CINERGY CORP COM 172474108 30 1,400 X 1 1,400
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 2,149 35,300 X 1 35,300
CISCO SYS INC COM 17275R102 134,168 1,735,412 X 1 1,735,412
CINTAS CORP COM 172908105 852 21,750 X 1 21,750
PAGE TOTAL 147,225
</TABLE>
<PAGE> 19
PAGE 16
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CITIGROUP INC COM 172967101 51,153 854,330 X 1 854,330
CITIZENS UTILS CO DEL CL B 177342201 116 7,100 X 1 7,100
CITRIX SYS INC COM 177376100 596 9,000 X 1 9,000
CLAIRES STORES INC COM 179584107 36 1,800 X 1 1,800
CLAYTON HOMES INC COM 184190106 325 32,100 X 1 32,100
CLEAR CHANNEL
COMMUNICATIONS COM 184502102 5,801 84,000 X 1 84,000
CLOROX CO DEL COM 189054109 1,617 49,000 X 1 49,000
COASTAL CORP COM 190441105 2,668 57,990 X 1 57,990
COCA COLA CO COM 191216100 19,056 406,000 X 1 406,000
COCA COLA
ENTERPRISES INC COM 191219104 755 35,000 X 1 35,000
PAGE TOTAL 82,123
</TABLE>
<PAGE> 20
PAGE 17
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COLE NATIONAL CORP NEW CL A 193290103 43 5,300 X 1 5,300
COLGATE PALMOLIVE CO COM 194162103 8,947 158,700 X 1 158,700
COLUMBIA ENERGY GROUP COM 197648108 5,753 97,100 X 1 97,100
COLUMBIA/HCA
HEALTHCARE CORP COM 197677107 5,002 197,600 X 1 197,600
COMCAST CORP CL A SPL 200300200 4,815 111,000 X 1 111,000
COMDISCO INC COM 200336105 265 6,000 X 1 6,000
COMERICA INC COM 200340107 299 7,150 X 1 7,150
COMMONWEALTH TEL
ENTERPRISES COM 203349105 1,549 33,000 X 1 33,000
COMPAQ COMPUTER CORP COM 204493100 1,574 58,300 X 1 58,300
COMPUTER ASSOC INTL INC COM 204912109 308 5,200 X 1 5,200
PAGE TOTAL 28,555
</TABLE>
<PAGE> 21
PAGE 18
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMPUTER SCIENCES CORP COM 205363104 404 5,100 X 1 5,100
COMPUWARE CORP COM 205638109 137 6,500 X 1 6,500
COMSAT CORP COM SER 1 20564D107 151 7,300 X 1 7,300
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 3,591 19,000 X 1 19,000
CONAGRA INC COM 205887102 720 39,700 X 1 39,700
CONECTIV INC COM 206829103 72 4,100 X 1 4,100
CONEXANT SYSTEMS INC COM 207142100 2,293 32,300 X 1 32,300
CONOCO INC CL B 208251405 1,037 40,483 X 1 40,483
CONSECO INC COM 208464107 71 6,200 X 1 6,200
CONSOLIDATED EDISON INC COM 209115104 87 3,000 X 1 3,000
PAGE TOTAL 8,563
</TABLE>
<PAGE> 22
PAGE 19
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CONSOLIDATED PRODS INC COM 209798107 1,010 107,067 X 1 107,067
CONSOLIDATED STORES CORP COM 210149100 63 5,500 X 1 5,500
CONSTELLATION
ENERGY CORP COM 210371100 57 1,800 X 1 1,800
COOPER INDS INC COM 216669101 1,999 57,100 X 1 57,100
COOPER TIRE & RUBR CO COM 216831107 33 2,600 X 1 2,600
CORDANT TECHNOLOGIES INC COM 218412104 17 300 X 1 300
CORNING INC COM 219350105 20,991 108,200 X 1 108,200
COSTCO WHSL CORP NEW COM 22160K105 6,476 123,200 X 1 123,200
COUNTRYWIDE CR
INDS INC DEL COM 222372104 1,003 36,800 X 1 36,800
COVAD COMMUNICATIONS
GROUP INC COM 222814204 13,529 186,600 X 1 186,600
PAGE TOTAL 45,178
</TABLE>
<PAGE> 23
PAGE 20
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COX COMMUNICATIONS
INC NEW CL A 224044107 1,595 32,879 X 1 32,879
COX RADIO INC CL A 224051102 840 10,000 X 1 10,000
CUMMINS ENGINE INC COM 231021106 808 21,500 X 1 21,500
DTE ENERGY CO COM 233331107 1,897 65,000 X 1 65,000
DANA CORP COM 235811106 217 7,700 X 1 7,700
DEAN FOODS CO COM 242361103 326 12,200 X 1 12,200
DEERE & CO COM 244199105 2,345 61,700 X 1 61,700
DELL COMPUTER CORP COM 247025109 38,624 716,100 X 1 716,100
DELPHI AUTOMOTIVE
SYS CORP COM 247126105 782 48,900 X 1 48,900
DELTA AIR LINES INC DEL COM 247361108 197 3,700 X 1 3,700
PAGE TOTAL 47,631
</TABLE>
<PAGE> 24
PAGE 21
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DELUXE CORP COM 248019101 347 13,100 X 1 13,100
DIAMOND OFFSHORE
DRILLING INC COM 25271C102 1,230 30,800 X 1 30,800
DIEBOLD INC COM 253651103 63 2,300 X 1 2,300
DILLARDS INC CL A 254067101 251 15,300 X 1 15,300
DIME BANCORP INC NEW COM 25429Q102 74 4,000 X 1 4,000
DISCOUNT AUTO PTS INC COM 254642101 151 16,900 X 1 16,900
DISNEY WALT CO COM DISNEY 254687106 9,714 235,500 X 1 235,500
DOLE FOOD INC COM 256605106 70 3,600 X 1 3,600
DOLLAR GEN CORP COM 256669102 825 30,700 X 1 30,700
DOLLAR TREE STORES INC COM 256747106 287 5,500 X 1 5,500
PAGE TOTAL 13,012
</TABLE>
<PAGE> 25
PAGE 22
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DOMINION RES INC VA NEW COM 25746U109 2,775 72,200 X 1 72,200
DONALDSON INC COM 257651109 880 39,000 X 1 39,000
DONNELLEY R R & SONS CO COM 257867101 44 2,100 X 1 2,100
DOUBLECLICK INC COM 258609304 3,127 33,400 X 1 33,400
DOVER CORP COM 260003108 2,231 46,600 X 1 46,600
DOW CHEM CO COM 260543103 11,696 102,600 X 1 102,600
DU PONT E I DE
NEMOURS & CO COM 263534109 7,834 147,980 X 1 147,980
DUKE ENERGY CORP COM 264399106 978 18,631 X 1 18,631
DUN & BRADSTREET CORP DEL COM 26483B106 567 19,800 X 1 19,800
DYNEGY INC NEW CL A 26816Q101 492 7,850 X 1 7,850
PAGE TOTAL 30,624
</TABLE>
<PAGE> 26
PAGE 23
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
E M C CORP MASS COM 268648102 46,444 368,600 X 1 368,600
ENSCO INTL INC COM 26874Q100 618 17,100 X 1 17,100
EOG RES INC COM 26875P101 70 3,300 X 1 3,300
E TRADE GROUP INC COM 269246104 657 21,800 X 1 21,800
EASTMAN KODAK CO COM 277461109 8,022 147,700 X 1 147,700
EATON CORP COM 278058102 3,237 41,500 X 1 41,500
EBAY INC COM 278642103 2,816 16,000 X 1 16,000
ECHOSTAR
COMMUNICATIONS NEW CL A 278762109 2,449 31,000 X 1 31,000
ECLIPSYS CORP COM 278856109 1 75 X 1 75
EDISON INTL COM 281020107 840 50,700 X 1 50,700
PAGE TOTAL 65,154
</TABLE>
<PAGE> 27
PAGE 24
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
J D EDWARDS & CO COM 281667105 81 2,500 X 1 2,500
EL PASO ENERGY CORP DEL COM 283905107 2,221 55,000 X 1 55,000
ELECTRONIC ARTS INC COM 285512109 1,402 19,700 X 1 19,700
ELECTRONIC DATA SYS NEW COM 285661104 6,874 107,100 X 1 107,100
ELECTRONICS FOR
IMAGING INC COM 286082102 174 2,900 X 1 2,900
EMERSON ELEC CO COM 291011104 3,862 72,700 X 1 72,700
ENERGY EAST CORP COM 29266M109 28 1,400 X 1 1,400
ENGELHARD CORP COM 292845104 50 3,300 X 1 3,300
ENRON CORP COM 293561106 7,405 98,900 X 1 98,900
ENTERGY CORP NEW COM 29364G103 244 12,100 X 1 12,100
PAGE TOTAL 22,341
</TABLE>
<PAGE> 28
PAGE 25
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EXODUS COMMUNICATIONS INC COM 302088109 3,498 24,900 X 1 24,900
EXPEDITORS INTL WASH INC COM 302130109 1,272 32,000 X 1 32,000
EXXON MOBIL CORP COM 30231G102 60,986 782,510 X 1 782,510
F M C CORP COM NEW 302491303 1,017 18,000 X 1 18,000
FPL GROUP INC COM 302571104 120 2,600 X 1 2,600
FEDERAL HOME LN MTG CORP COM 313400301 2,886 65,314 X 1 65,314
FEDERAL MOGUL CORP COM 313549107 62 3,700 X 1 3,700
FEDERAL NATL MTG ASSN COM 313586109 7,704 136,200 X 1 136,200
FEDERATED DEPT
STORES INC DEL COM 31410H101 5,459 129,200 X 1 129,200
FEDEX CORP COM 31428X106 3,920 101,000 X 1 101,000
PAGE TOTAL 86,924
</TABLE>
<PAGE> 29
PAGE 26
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FERRO CORP COM 315405100 850 47,700 X 1 47,700
FINOVA GROUP INC COM 317928109 298 17,700 X 1 17,700
FIRST DATA CORP COM 319963104 6,079 137,000 X 1 137,000
FIRST TENN NATL CORP COM 337162101 10 500 X 1 500
FIRST UN CORP COM 337358105 8,139 218,500 X 1 218,500
FIRSTAR CORP NEW WIS COM 33763V109 6,074 264,800 X 1 264,800
FLEETBOSTON FINL CORP COM 339030108 4,691 128,530 X 1 128,530
FLUOR CORP COM 343861100 62 2,000 X 1 2,000
FORD MTR CO DEL COM 345370100 13,239 288,200 X 1 288,200
FOREST LABS INC COM 345838106 7,541 89,246 X 1 89,246
PAGE TOTAL 46,983
</TABLE>
<PAGE> 30
PAGE 27
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FORT JAMES CORP COM 347471104 165 7,500 X 1 7,500
FORTUNE BRANDS INC COM 349631101 1,875 75,000 X 1 75,000
FOUNDATION HEALTH SYS INC COM 350404109 32 4,000 X 1 4,000
FOX ENTMT GROUP INC CL A 35138T107 278 9,300 X 1 9,300
FRANKLIN RES INC COM 354613101 177 5,300 X 1 5,300
FREEPORT-MCMORAN
COPPER & GOLD CL B 35671D857 147 12,200 X 1 12,200
FREMONT GEN CORP COM 357288109 78 12,200 X 1 12,200
FULLER H B CO COM 359694106 599 15,000 X 1 15,000
GPU INC COM 36225X100 16 600 X 1 600
GTE CORP COM 362320103 16,124 227,100 X 1 227,100
PAGE TOTAL 19,491
</TABLE>
<PAGE> 31
PAGE 28
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GALILEO INTERNATIONAL INC COM 363547100 96 4,000 X 1 4,000
GANNETT INC COM 364730101 1,928 27,400 X 1 27,400
GAP INC DEL COM 364760108 13,375 268,512 X 1 268,512
GARTNER GROUP INC NEW COM 366651107 13 800 X 1 800
GATEWAY INC COM 367626108 212 4,000 X 1 4,000
GENERAL DYNAMICS CORP COM 369550108 1,672 33,600 X 1 33,600
GENERAL ELEC CO COM 369604103 123,753 795,200 X 1 795,200
GENERAL MLS INC COM 370334104 905 25,000 X 1 25,000
GENERAL MTRS CORP COM 370442105 18,508 223,500 X 1 223,500
GENERAL MTRS CORP CL H NEW 370442832 6,150 49,400 X 1 49,400
PAGE TOTAL 166,612
</TABLE>
<PAGE> 32
PAGE 29
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GENUINE PARTS CO COM 372460105 435 18,200 X 1 18,200
GENZYME CORP COM GENL DIV 372917104 2,867 57,200 X 1 57,200
GEORGIA PAC CORP COM GA PAC GRP 373298108 3,284 83,000 X 1 83,000
GILLETTE CO COM 375766102 3,230 85,700 X 1 85,700
GLOBAL MARINE INC COM 379352404 3,801 149,800 X 1 149,800
GLOBAL TELESYSTEMS GROUP COM 37936U104 410 20,000 X 1 20,000
GOLDEN WEST FINL CORP DEL COM 381317106 265 8,500 X 1 8,500
GOLDMAN SACHS GROUP INC COM 38141G104 389 3,700 X 1 3,700
GOODRICH B F CO COM 382388106 55 1,900 X 1 1,900
GOODYEAR TIRE & RUBR CO COM 382550101 182 7,800 X 1 7,800
PAGE TOTAL 14,918
</TABLE>
<PAGE> 33
PAGE 30
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GRAINGER W W INC COM 384802104 814 15,000 X 1 15,000
GREAT LAKES CHEM CORP COM 390568103 204 6,000 X 1 6,000
GREENPOINT FINL CORP COM 395384100 575 29,300 X 1 29,300
GUIDANT CORP COM 401698105 4,616 78,400 X 1 78,400
HALLIBURTON CO COM 406216101 2,961 72,000 X 1 72,000
HANNAFORD BROS CO COM 410550107 4,034 54,700 X 1 54,700
HARLEY DAVIDSON INC COM 412822108 6,350 80,000 X 1 80,000
HARRIS CORP DEL COM 413875105 919 26,600 X 1 26,600
HARTFORD FINL SVCS
GROUP INC COM 416515104 3,851 73,000 X 1 73,000
HARTFORD LIFE INC CL A 416592103 982 20,946 X 1 20,946
PAGE TOTAL 25,306
</TABLE>
<PAGE> 34
PAGE 31
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HASBRO INC COM 418056107 771 46,200 X 1 46,200
HEALTHSOUTH CORP COM 421924101 463 81,400 X 1 81,400
HEALTH MGMT
ASSOC INC NEW CL A 421933102 81 5,700 X 1 5,700
HELLER FINANCIAL INC CL A 423328103 18 800 X 1 800
HELMERICH & PAYNE INC COM 423452101 1,259 40,600 X 1 40,600
HERTZ CORP CL A 428040109 941 27,626 X 1 27,626
HEWLETT PACKARD CO COM 428236103 27,492 206,900 X 1 206,900
HILLENBRAND INDS INC COM 431573104 54 1,600 X 1 1,600
HOME DEPOT INC COM 437076102 38,310 593,950 X 1 593,950
HOMESTAKE MNG CO COM 437614100 15 2,500 X 1 2,500
PAGE TOTAL 69,404
</TABLE>
<PAGE> 35
PAGE 32
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HONEYWELL INTL INC COM 438516106 10,473 198,774 X 1 198,774
HORMEL FOODS CORP COM 440452100 329 20,000 X 1 20,000
HOUSEHOLD INTL INC COM 441815107 1,373 36,800 X 1 36,800
HUMANA INC COM 444859102 81 11,100 X 1 11,100
HUMAN GENOME
SCIENCES INC COM 444903108 2,492 30,000 X 1 30,000
HUTTIG BLDG PRODS INC COM 448451104 5 1,100 X 1 1,100
IBP INC COM 449223106 427 27,100 X 1 27,100
IMS HEALTH INC COM 449934108 66 3,900 X 1 3,900
ITC DELTACOM INC COM 45031T104 1,674 47,000 X 1 47,000
IKON OFFICE
SOLUTIONS INC COM 451713101 585 94,600 X 1 94,600
PAGE TOTAL 17,505
</TABLE>
<PAGE> 36
PAGE 33
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ILLINOIS TOOL WKS INC COM 452308109 111 2,000 X 1 2,000
IMMUNEX CORP NEW COM 452528102 5,709 90,000 X 1 90,000
INCO LTD COM 453258402 799 43,500 X 1 43,500
INFINITY BROADCASTING
CP NEW CL A 45662S102 1,776 54,850 X 1 54,850
INFORMATICA CORP COM 45666Q102 11,929 155,304 X 1 155,304
INFOSPACE COM INC COM 45678T102 1,163 8,000 X 1 8,000
INGERSOLL-RAND CO COM 456866102 1,350 30,500 X 1 30,500
INGRAM MICRO INC CL A 457153104 232 15,100 X 1 15,100
INKTOMI CORP COM 457277101 332 1,700 X 1 1,700
INTEL CORP COM 458140100 98,821 749,000 X 1 749,000
PAGE TOTAL 122,222
</TABLE>
<PAGE> 37
PAGE 34
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTERNATIONAL BUSINESS
MACHS COM 459200101 44,816 379,800 X 1 379,800
INTERNATIONAL FLAVORS
& FRAGRANC COM 459506101 70 2,000 X 1 2,000
INTERNATIONAL GAME
TECHNOLOGY COM 459902102 360 16,591 X 1 16,591
INTL PAPER CO COM 460146103 3,771 88,200 X 1 88,200
INTERSTATE BAKERIES
CORP DEL COM 46072H108 17 1,200 X 1 1,200
INTIMATE BRANDS INC CL A 461156101 762 18,500 X 1 18,500
ISLE OF CAPRI
CASINOS INC COM 464592104 79 6,351 X 1 6,351
ITRON INC SB NT CV 144A 04 465741AA4 200 367,000 X 1 367,000
I2 TECHNOLOGIES INC COM 465754109 3,004 24,600 X 1 24,600
JDS UNIPHASE CORP COM 46612J101 28,308 234,800 X 1 234,800
PAGE TOTAL 81,387
</TABLE>
<PAGE> 38
PAGE 35
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JLK DIRECT
DISTRIBUTION INC CL A 46621C105 262 28,700 X 1 28,700
JACK IN THE BOX INC COM 466367109 53 2,500 X 1 2,500
JEFFERSON PILOT CORP COM 475070108 2,449 36,800 X 1 36,800
JOHNSON & JOHNSON COM 478160104 21,946 312,400 X 1 312,400
JOHNSON CTLS INC COM 478366107 141 2,600 X 1 2,600
JONES APPAREL GROUP INC COM 480074103 5,449 172,300 X 1 172,300
JONES PHARMA INC COM 480236108 614 20,225 X 1 20,225
KLA-TENCOR CORP COM 482480100 320 3,800 X 1 3,800
K MART CORP COM 482584109 789 81,500 X 1 81,500
KANSAS CITY SOUTHN
INDS INC COM 485170104 2,286 26,600 X 1 26,600
PAGE TOTAL 34,309
</TABLE>
<PAGE> 39
PAGE 36
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
KELLY SVCS INC CL A 488152208 177 7,400 X 1 7,400
KEYCORP NEW COM 493267108 918 48,300 X 1 48,300
KIMBERLY CLARK CORP COM 494368103 12,692 226,400 X 1 226,400
KNIGHT/TRIMARK
GROUP INC NEW CL A 499068104 398 7,800 X 1 7,800
KOHLS CORP COM 500255104 6,150 60,000 X 1 60,000
KROGER CO COM 501044101 3,925 223,500 X 1 223,500
LHS GROUP INC COM 501938104 68 1,500 X 1 1,500
LSI LOGIC CORP COM 502161102 399 5,500 X 1 5,500
LEAR CORP COM 521865105 1,465 52,100 X 1 52,100
LEGGETT & PLATT INC COM 524660107 1,778 82,700 X 1 82,700
PAGE TOTAL 27,970
</TABLE>
<PAGE> 40
PAGE 37
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LEHMAN BROS HLDGS INC COM 524908100 6,839 70,500 X 1 70,500
LEVEL 3
COMMUNICATIONS INC COM 52729N100 3,511 33,200 X 1 33,200
LEXMARK INTL GROUP INC CL A 529771107 4,410 41,700 X 1 41,700
LIBERTY DIGITAL INC CL A 530436104 616 16,000 X 1 16,000
LILLY ELI & CO COM 532457108 10,822 172,800 X 1 172,800
LINEAR TECHNOLOGY CORP COM 535678106 572 10,400 X 1 10,400
LOCKHEED MARTIN CORP COM 539830109 1,993 97,500 X 1 97,500
LOEWS CORP COM 540424108 165 3,300 X 1 3,300
LOUISIANA PAC CORP COM 546347105 15 1,100 X 1 1,100
LOWES COS INC COM 548661107 2,580 44,200 X 1 44,200
PAGE TOTAL 31,523
</TABLE>
<PAGE> 41
PAGE 38
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LUCENT TECHNOLOGIES INC COM 549463107 36,457 595,216 X 1 595,216
LYONDELL CHEMICAL CO COM 552078107 443 30,000 X 1 30,000
MBIA INC COM 55262C100 3,655 70,200 X 1 70,200
MBNA CORP COM 55262L100 5,855 229,600 X 1 229,600
MCI WORLDCOM INC COM 55268B106 35,128 775,250 X 1 775,250
MGIC INVT CORP WIS COM 552848103 113 2,600 X 1 2,600
MGM GRAND INC COM 552953101 50 2,100 X 1 2,100
MARSH & MCLENNAN COS INC COM 571748102 19,470 176,500 X 1 176,500
MARRIOTT INTL INC NEW CL A 571903202 88 2,800 X 1 2,800
MASCO CORP COM 574599106 1,025 50,000 X 1 50,000
PAGE TOTAL 102,284
</TABLE>
<PAGE> 42
PAGE 39
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MATTEL INC COM 577081102 1,358 129,300 X 1 129,300
MAY DEPT STORES CO COM 577778103 1,083 38,000 X 1 38,000
MAYTAG CORP COM 578592107 1,216 36,700 X 1 36,700
MCDONALDS CORP COM 580135101 8,684 232,351 X 1 232,351
MCGRAW HILL COS INC COM 580645109 464 10,200 X 1 10,200
MCLEODUSA INC COM 582266102 1,018 12,000 X 1 12,000
MEAD CORP COM 582834107 1,328 38,000 X 1 38,000
MEDIAONE GROUP INC COM 58440J104 4,811 59,400 X 1 59,400
MEDIA GEN INC CL A 584404107 1,702 32,500 X 1 32,500
MEDICAL MANAGER
CORP NEW COM 58461U103 722 20,600 X 1 20,600
PAGE TOTAL 22,386
</TABLE>
<PAGE> 43
PAGE 40
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MEDICIS PHARMACEUTICAL
CORP CL A NEW 584690309 608 15,200 X 1 15,200
MEDIMMUNE INC COM 584699102 3,483 20,000 X 1 20,000
MEDTRONIC INC COM 585055106 13,601 264,428 X 1 264,428
MELLON FINL CORP COM 58551A108 4,763 160,100 X 1 160,100
MEMBERWORKS INC COM 586002107 2,411 60,085 X 1 60,085
MERCK & CO INC COM 589331107 24,645 396,700 X 1 396,700
MERITOR AUTOMOTIVE INC COM 59000G100 51 3,200 X 1 3,200
MERRILL LYNCH & CO INC COM 590188108 8,358 79,600 X 1 79,600
MICROSOFT CORP COM 594918104 125,534 1,181,500 X 1 1,181,500
MICRON TECHNOLOGY INC COM 595112103 50 400 X 1 400
PAGE TOTAL 183,504
</TABLE>
<PAGE> 44
PAGE 41
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MINNESOTA MNG & MFG CO COM 604059105 4,912 55,469 X 1 55,469
MIRAGE RESORTS INC COM 60462E104 192 9,900 X 1 9,900
MODINE MFG CO COM 607828100 503 20,000 X 1 20,000
MODIS PROFESSIONAL
SVCS INC COM 607830106 238 19,200 X 1 19,200
MOLEX INC COM 608554101 28 475 X 1 475
MONTANA POWER CO COM 612085100 160 2,500 X 1 2,500
MORGAN J P & CO INC COM 616880100 9,618 73,000 X 1 73,000
MORGAN STANLEY DEAN
WITTER&CO COM NEW 617446448 34,575 417,200 X 1 417,200
MOTOROLA INC COM 620076109 19,403 132,900 X 1 132,900
MYLAN LABS INC COM 628530107 50 1,800 X 1 1,800
PAGE TOTAL 69,679
</TABLE>
<PAGE> 45
PAGE 42
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NCR CORP NEW COM 62886E108 233 5,800 X 1 5,800
NTL INC COM 629407107 3,666 39,500 X 1 39,500
NABISCO GROUP
HLDG CORP COM 62952P102 1,156 95,864 X 1 95,864
NABISCO HLDGS CORP CL A 629526104 674 20,900 X 1 20,900
NABORS INDS INC COM 629568106 54 1,400 X 1 1,400
NATIONAL CITY CORP COM 635405103 289 14,000 X 1 14,000
NATIONAL SEMICONDUCTOR
CORP COM 637640103 4,830 79,500 X 1 79,500
NATIONAL SVC INDS INC COM 637657107 32 1,500 X 1 1,500
NATIONWIDE FINL
SVCS INC CL A 638612101 140 4,800 X 1 4,800
NAVISTAR INTL CORP NEW COM 63934E108 2,801 69,800 X 1 69,800
PAGE TOTAL 13,875
</TABLE>
<PAGE> 46
PAGE 43
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NETWORK APPLIANCE INC COM 64120L104 4,435 53,600 X 1 53,600
NEW YORK TIMES CO CL A 650111107 734 17,100 X 1 17,100
NEWFIELD EXPL CO COM 651290108 1,102 31,250 X 1 31,250
NEWMONT MINING CORP COM 651639106 399 17,800 X 1 17,800
NEWS CORP LTD ADR NEW 652487703 4,725 84,000 X 1 84,000
NEXTEL
COMMUNICATIONS INC CL A 65332V103 8,332 56,200 X 1 56,200
NEXTLINK
COMMUNICATIONS INC CL A 65333H707 13,173 106,500 X 1 106,500
NIAGARA MOHAWK
HLDGS INC COM 653520106 28 2,100 X 1 2,100
NIKE INC CL B 654106103 2,881 72,700 X 1 72,700
99 CENTS ONLY
STORES COM 65440K106 1,106 28,174 X 1 28,174
PAGE TOTAL 36,915
</TABLE>
<PAGE> 47
PAGE 44
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NISOURCE INC COM 65473P105 24 1,400 X 1 1,400
NOKIA CORP SPONSORED ADR 654902204 31,635 142,500 X 1 142,500
NOBLE DRILLING CORP COM 655042109 1,059 25,600 X 1 25,600
NORDSTROM INC COM 655664100 115 3,900 X 1 3,900
NORFOLK SOUTHERN CORP COM 655844108 570 40,000 X 1 40,000
NORTEL NETWORKS CORP COM 656569100 12,939 102,586 X 1 102,586
NORTH FORK
BANCORPORATION NY COM 659424105 150 8,405 X 1 8,405
NORTHN STS PWR CO
MINN COM 665772109 4,206 211,600 X 1 211,600
NORTHERN TR CORP COM 665859104 5,493 81,300 X 1 81,300
NORTHPOINT COMMUNICATIONS
HLDG COM 666610100 30 1,300 X 1 1,300
PAGE TOTAL 56,221
</TABLE>
<PAGE> 48
PAGE 45
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NORTHROP GRUMMAN CORP COM 666807102 1,546 29,200 X 1 29,200
NOVA CORP GA COM 669784100 2,327 79,900 X 1 79,900
NOVELL INC COM 670006105 292 10,200 X 1 10,200
NOVELLUS SYS INC COM 670008101 292 5,200 X 1 5,200
NSTAR COM 67019E107 50 1,200 X 1 1,200
NUCOR CORP COM 670346105 15 300 X 1 300
OCCIDENTAL PETE CORP DEL COM 674599105 1,971 95,000 X 1 95,000
OCEAN ENERGY INC TEX COM 67481E106 89 6,200 X 1 6,200
OFFICE DEPOT INC COM 676220106 187 16,200 X 1 16,200
OLD REP INTL CORP COM 680223104 110 8,000 X 1 8,000
PAGE TOTAL 6,879
</TABLE>
<PAGE> 49
PAGE 46
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ORACLE CORP COM 68389X105 54,300 695,600 X 1 695,600
OWENS ILL INC COM NEW 690768403 366 21,700 X 1 21,700
PECO ENERGY CO COM 693304107 1,696 46,000 X 1 46,000
PG&E CORP COM 69331C108 8 400 X 1 400
PE CORP COM PE BIO GRP 69332S102 11,252 116,600 X 1 116,600
PMC-SIERRA INC COM 69344F106 8,147 40,000 X 1 40,000
PMI GROUP INC COM 69344M101 95 2,000 X 1 2,000
PNC BK CORP COM 693475105 5,182 115,000 X 1 115,000
PPL CORP COM 69351T106 3,735 178,400 X 1 178,400
PAC-WEST TELECOM INC COM 69371Y101 19 600 X 1 600
PAGE TOTAL 84,800
</TABLE>
<PAGE> 50
PAGE 47
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PACCAR INC COM 693718108 425 8,500 X 1 8,500
PACIFICARE HEALTH
SYS DEL COM 695112102 404 8,100 X 1 8,100
PAINE WEBBER GROUP INC COM 695629105 594 13,500 X 1 13,500
PANAMSAT CORP NEW COM 697933109 196 4,000 X 1 4,000
PARAMETRIC TECHNOLOGY
CORP COM 699173100 114 5,400 X 1 5,400
PARK PL ENTMT CORP COM 700690100 64 5,500 X 1 5,500
PARKER HANNIFIN CORP COM 701094104 826 20,000 X 1 20,000
PAYCHEX INC COM 704326107 1,142 21,800 X 1 21,800
PENNEY J C INC COM 708160106 281 18,888 X 1 18,888
PEOPLESOFT INC COM 712713106 158 7,900 X 1 7,900
PAGE TOTAL 4,204
</TABLE>
<PAGE> 51
PAGE 48
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PEPSI BOTTLING GROUP INC COM 713409100 1,122 56,100 X 1 56,100
PEPSICO INC COM 713448108 14,651 420,100 X 1 420,100
PEREGRINE SYSTEMS INC COM 71366Q101 984 14,668 X 1 14,668
PFIZER INC COM 717081103 30,822 843,000 X 1 843,000
PHILIP MORRIS COS INC COM 718154107 8,004 378,900 X 1 378,900
PHILLIPS PETE CO COM 718507106 4,741 102,500 X 1 102,500
PINNACLE WEST CAP CORP COM 723484101 23 800 X 1 800
PITNEY BOWES INC COM 724479100 259 5,800 X 1 5,800
PRAXAIR INC COM 74005P104 1,853 44,508 X 1 44,508
PRICE T ROWE &
ASSOCIATES COM 741477103 474 12,000 X 1 12,000
PAGE TOTAL 62,933
</TABLE>
<PAGE> 52
PAGE 49
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PRICELINE COM INC COM 741503106 1,400 17,500 X 1 17,500
PROCTER & GAMBLE CO COM 742718109 18,340 324,600 X 1 324,600
PROGRESSIVE CORP OHIO COM 743315103 388 5,100 X 1 5,100
PROTECTIVE LIFE CORP COM 743674103 1,588 50,000 X 1 50,000
PROVIDENT FINL GROUP INC COM 743866105 913 26,800 X 1 26,800
PROVIDIAN FINL CORP COM 74406A102 2,867 33,100 X 1 33,100
PUBLIC SVC ENTERPRISE
GROUP COM 744573106 433 14,600 X 1 14,600
QUAKER OATS CO COM 747402105 3,031 50,000 X 1 50,000
QUALCOMM INC COM 747525103 11,527 77,200 X 1 77,200
QUANTUM CORP COM DSSG 747906204 75 6,300 X 1 6,300
PAGE TOTAL 40,562
</TABLE>
<PAGE> 53
PAGE 50
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
QUINTILES TRANSNATIONAL
CORP COM 748767100 96 5,600 X 1 5,600
QWEST COMMUNICATIONS
INTL INC COM 749121109 1,776 37,000 X 1 37,000
RALSTON PURINA CO COM RAL-PUR GP 751277302 44 1,600 X 1 1,600
RAYTHEON CO CL B 755111408 511 28,800 X 1 28,800
READERS DIGEST ASSN INC CL A NON VTG 755267101 67 1,900 X 1 1,900
REALNETWORKS INC COM 75605L104 57 1,000 X 1 1,000
REGIONS FINL CORP COM 758940100 21 900 X 1 900
RELIASTAR FINL CORP COM 75952U103 64 1,900 X 1 1,900
REPSOL S A SPONSORED ADR 76026T205 767 36,000 X 1 36,000
REPUBLIC SVCS INC COM 760759100 95 8,700 X 1 8,700
PAGE TOTAL 3,498
</TABLE>
<PAGE> 54
PAGE 51
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
REYNOLDS & REYNOLDS CO CL A 761695105 108 4,000 X 1 4,000
REYNOLDS R J TOB
HLDGS INC COM 76182K105 188 11,033 X 1 11,033
RHYTHMS
NETCONNECTIONS INC COM 762430205 81 2,200 X 1 2,200
RITE AID CORP COM 767754104 16 2,900 X 1 2,900
ROBERT HALF INTL INC COM 770323103 5 100 X 1 100
ROCKWELL INTL CORP NEW COM 773903109 1,756 42,000 X 1 42,000
ROHM & HAAS CO COM 775371107 2,111 47,300 X 1 47,300
ROSS STORES INC COM 778296103 96 4,000 X 1 4,000
ROWAN COS INC COM 779382100 206 7,000 X 1 7,000
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 14,291 247,200 X 1 247,200
PAGE TOTAL 18,858
</TABLE>
<PAGE> 55
PAGE 52
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RYDER SYS INC COM 783549108 430 18,950 X 1 18,950
SBC COMMUNICATIONS INC COM 78387G103 27,166 644,900 X 1 644,900
SCI SYS INC COM 783890106 81 1,500 X 1 1,500
SDL INC COM 784076101 852 4,000 X 1 4,000
SEI INVESTMENTS CO COM 784117103 431 3,800 X 1 3,800
SLM HLDG CORP COM 78442A109 683 20,500 X 1 20,500
SABRE HLDGS CORP CL A 785905100 1,276 34,962 X 1 34,962
SAFECO CORP COM 786429100 202 7,600 X 1 7,600
SAFEGUARD
SCIENTIFICS INC COM 786449108 145 2,100 X 1 2,100
SAFEWAY INC COM NEW 786514208 10,249 226,500 X 1 226,500
PAGE TOTAL 41,515
</TABLE>
<PAGE> 56
PAGE 53
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ST JUDE MED INC COM 790849103 62 2,400 X 1 2,400
ST PAUL COS INC COM 792860108 1,846 54,100 X 1 54,100
SAKS INC COM 79377W108 39 2,700 X 1 2,700
SANGSTAT MED CORP COM 801003104 279 10,068 X 1 10,068
SARA LEE CORP COM 803111103 1,111 61,700 X 1 61,700
SCHERING PLOUGH CORP COM 806605101 14,078 379,200 X 1 379,200
SCHLUMBERGER LTD COM 806857108 17,060 223,000 X 1 223,000
SCHWAB CHARLES CORP NEW COM 808513105 10,198 179,500 X 1 179,500
SCIENTIFIC ATLANTA INC COM 808655104 380 6,000 X 1 6,000
SEAGATE TECHNOLOGY COM 811804103 401 6,500 X 1 6,500
PAGE TOTAL 45,454
</TABLE>
<PAGE> 57
PAGE 54
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SEAGRAM LTD COM 811850106 7,598 127,700 X 1 127,700
SEALED AIR CORP NEW PFD CV A $2 81211K209 178 3,420 X 1 3,420
SEARS ROEBUCK & CO COM 812387108 1,130 36,900 X 1 36,900
SERVICE CORP INTL COM 817565104 158 52,800 X 1 52,800
SHARED MED SYS CORP COM 819486101 31 600 X 1 600
SHAW INDS INC COM 820286102 39 2,600 X 1 2,600
SHERWIN WILLIAMS CO COM 824348106 53 2,400 X 1 2,400
SIEBEL SYS INC COM 826170102 4,598 38,500 X 1 38,500
SIGMA ALDRICH CORP COM 826552101 48 1,800 X 1 1,800
SILICON GRAPHICS INC COM 827056102 61 5,800 X 1 5,800
PAGE TOTAL 13,894
</TABLE>
<PAGE> 58
PAGE 55
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SMITH INTL INC COM 832110100 310 4,000 X 1 4,000
SMURFIT-STONE
CONTAINER CORP COM 832727101 820 48,400 X 1 48,400
SNAP ON INC COM 833034101 786 30,000 X 1 30,000
SOLECTRON CORP COM 834182107 4,490 111,900 X 1 111,900
SOUTHDOWN INC COM 841297104 36 600 X 1 600
SOUTHERN CO COM 842587107 1,135 52,200 X 1 52,200
SOUTHWEST AIRLS CO COM 844741108 1,284 61,700 X 1 61,700
SOVEREIGN BANCORP INC COM 845905108 67 8,800 X 1 8,800
SPRINT CORP COM FON GROUP 852061100 14,453 228,500 X 1 228,500
SPRINT CORP PCS COM SER 1 852061506 15,412 235,300 X 1 235,300
PAGE TOTAL 38,793
</TABLE>
<PAGE> 59
PAGE 56
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
STAPLES INC COM 855030102 84 4,200 X 1 4,200
STATE AUTO FINL CORP COM 855707105 409 51,100 X 1 51,100
STERLING SOFTWARE INC COM 859547101 180 5,500 X 1 5,500
STEWART ENTERPRISES INC CL A 860370105 202 41,000 X 1 41,000
STONE & WEBSTER INC COM 861572105 106 7,300 X 1 7,300
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 76 4,800 X 1 4,800
SUMMIT BANCORP COM 866005101 21 800 X 1 800
SUN MICROSYSTEMS INC COM 866810104 55,828 595,800 X 1 595,800
SUNGARD DATA SYS INC COM 867363103 177 4,700 X 1 4,700
SUPERVALU INC COM 868536103 98 5,200 X 1 5,200
PAGE TOTAL 57,181
</TABLE>
<PAGE> 60
PAGE 57
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SYMANTEC CORP COM 871503108 120 1,600 X 1 1,600
SYSCO CORP COM 871829107 2,529 70,000 X 1 70,000
TCF FINL CORP COM 872275102 1,905 80,000 X 1 80,000
TECO ENERGY INC COM 872375100 74 3,800 X 1 3,800
TJX COS INC NEW COM 872540109 193 8,700 X 1 8,700
TV GUIDE INC CL A 87307Q109 1,730 36,000 X 1 36,000
TANDY CORP COM 875382103 3,147 62,000 X 1 62,000
TARGET CORP COM 87612E106 18,815 251,700 X 1 251,700
TECH DATA CORP COM 878237106 286 8,700 X 1 8,700
TECUMSEH PRODS CO CL A 878895200 13 300 X 1 300
PAGE TOTAL 28,812
</TABLE>
<PAGE> 61
PAGE 58
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TELEDYNE
TECHNOLOGIES INC COM 879360105 119 6,857 X 1 6,857
TELEPHONE &
DATA SYS INC COM 879433100 8,758 78,900 X 1 78,900
TELIGENT INC CL A 87959Y103 514 7,700 X 1 7,700
TELLABS INC COM 879664100 397 6,300 X 1 6,300
TEMPLE INLAND INC COM 879868107 1,918 38,500 X 1 38,500
TENET HEALTHCARE CORP COM 88033G100 1,453 62,479 X 1 62,479
TENNECO AUTOMOTIVE INC COM 880349105 56 7,100 X 1 7,100
TERADYNE INC COM 880770102 5,461 66,600 X 1 66,600
TEXACO INC COM 881694103 4,644 86,400 X 1 86,400
TEXAS INSTRS INC COM 882508104 25,856 161,600 X 1 161,600
PAGE TOTAL 49,176
</TABLE>
<PAGE> 62
PAGE 59
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TEXAS UTILS CO COM 882848104 142 4,800 X 1 4,800
TEXTRON INC COM 883203101 3,312 54,400 X 1 54,400
THERMO ELECTRON CORP COM 883556102 24 1,200 X 1 1,200
TICKETMASTER ONLINE-
CITYSEARCH CL B 88633P203 53 2,100 X 1 2,100
TIDEWATER INC COM 886423102 19 600 X 1 600
TIFFANY & CO NEW COM 886547108 3,521 42,100 X 1 42,100
TIME WARNER INC COM 887315109 34,430 344,300 X 1 344,300
TIME WARNER TELECOM INC CL A 887319101 1,121 14,100 X 1 14,100
TORCHMARK CORP COM 891027104 83 3,600 X 1 3,600
TOSCO CORP COM NEW 891490302 4,156 135,700 X 1 135,700
PAGE TOTAL 46,861
</TABLE>
<PAGE> 63
PAGE 60
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TOYS R US INC COM 892335100 496 33,500 X 1 33,500
TRAVELERS PPTY CAS CORP CL A 893939108 3,784 91,734 X 1 91,734
TRIBUNE CO NEW COM 896047107 2,782 76,100 X 1 76,100
TRIGON HEALTHCARE INC COM 89618L100 390 10,900 X 1 10,900
TYCO INTL LTD NEW COM 902124106 26,373 526,152 X 1 526,152
TYSON FOODS INC CL A 902494103 46 4,100 X 1 4,100
UAL CORP COM PAR $0.01 902549500 1,531 25,300 X 1 25,300
USX MARATHON GROUP COM NEW 902905827 154 5,900 X 1 5,900
UST INC COM 902911106 1,122 71,800 X 1 71,800
US BANCORP DEL COM 902973106 2,562 117,100 X 1 117,100
PAGE TOTAL 39,240
</TABLE>
<PAGE> 64
PAGE 61
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
USA NETWORKS INC COM 902984103 3,948 175,000 X 1 175,000
U S G CORP COM NEW 903293405 939 22,400 X 1 22,400
USX-U S STL COM 90337T101 1,882 75,262 X 1 75,262
ULTRAMAR DIAMOND
SHAMROCK CORP COM 904000106 695 27,400 X 1 27,400
UNILEVER N V N Y SHS NEW 904784709 4,524 94,000 X 1 94,000
UNICOM CORP COM 904911104 5,924 162,300 X 1 162,300
UNION CARBIDE CORP COM 905581104 1,691 29,000 X 1 29,000
UNION PAC CORP COM 907818108 2,468 63,069 X 1 63,069
UNION PLANTERS CORP COM 908068109 2,243 72,800 X 1 72,800
UNIONBANCAL CORP COM 908906100 2,483 90,100 X 1 90,100
PAGE TOTAL 26,797
</TABLE>
<PAGE> 65
PAGE 62
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UNISYS CORP COM 909214108 116 4,500 X 1 4,500
UNITED HEALTHCARE CORP COM 910581107 3,840 64,400 X 1 64,400
UNITED PARCEL
SERVICE INC CL B 911312106 787 12,500 X 1 12,500
UNITED RENTALS INC COM 911363109 198 11,500 X 1 11,500
UNITED STATES
CELLULAR CORP COM 911684108 604 8,500 X 1 8,500
US AIRWAYS GROUP INC COM 911905107 181 6,500 X 1 6,500
U S WEST INC NEW COM 91273H101 3,617 49,800 X 1 49,800
UNITED TECHNOLOGIES CORP COM 913017109 10,249 162,200 X 1 162,200
UNIVERSAL HLTH SVCS INC CL B 913903100 132 2,700 X 1 2,700
UNIVISION
COMMUNICATIONS INC CL A 914906102 6,294 55,700 X 1 55,700
PAGE TOTAL 26,018
</TABLE>
<PAGE> 66
PAGE 63
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UNOCAL CORP COM 915289102 21 700 X 1 700
UNUMPROVIDENT CORP COM 91529Y106 254 15,000 X 1 15,000
V F CORP COM 918204108 17 700 X 1 700
VALASSIS
COMMUNICATIONS INC COM 918866104 646 19,400 X 1 19,400
VALERO ENERGY
CORP NEW COM 91913Y100 49 1,588 X 1 1,588
VASTAR RES INC COM 922380100 594 8,000 X 1 8,000
VERITAS SOFTWARE CO COM 923436109 48,737 372,037 X 1 372,037
VIAD CORP COM 92552R109 39 1,700 X 1 1,700
VIACOM INC CL A 925524100 6,712 125,600 X 1 125,600
VIACOM INC CL B 925524308 16,205 307,202 X 1 307,202
PAGE TOTAL 73,274
</TABLE>
<PAGE> 67
PAGE 64
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VIGNETTE CORP COM 926734104 353 2,200 X 1 2,200
VISX INC DEL COM 92844S105 38 2,100 X 1 2,100
VODAFONE AIRTOUCH PLC SPONSORED ADR 92857T107 4,462 80,300 X 1 80,300
VOICESTREAM
WIRELESS CORP COM 928615103 386 3,000 X 1 3,000
VULCAN MATLS CO COM 929160109 4,105 89,600 X 1 89,600
WACHOVIA CORP COM 929771103 95 1,400 X 1 1,400
WAL MART STORES INC COM 931142103 53,054 939,000 X 1 939,000
WALGREEN CO COM 931422109 5,624 218,400 X 1 218,400
WARNACO GROUP INC CL A 934390105 79 6,700 X 1 6,700
WARNER LAMBERT CO COM 934488107 25,506 261,100 X 1 261,100
PAGE TOTAL 93,702
</TABLE>
<PAGE> 68
PAGE 65
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WASHINGTON MUT INC COM 939322103 3,609 136,200 X 1 136,200
WASTE MGMT INC DEL COM 94106L109 616 45,000 X 1 45,000
WEATHERFORD INTL INC COM 947074100 702 12,000 X 1 12,000
WELLPOINT HEALTH
NETWORK NEW COM 94973H108 3,871 55,400 X 1 55,400
WELLS FARGO & CO NEW COM 949746101 10,795 264,900 X 1 264,900
WENDYS INTL INC COM 950590109 81 4,000 X 1 4,000
WESTAMERICA
BANCORPORATION COM 957090103 244 8,800 X 1 8,800
WESTERN WIRELESS CORP CL A 95988E204 596 13,000 X 1 13,000
WEYERHAEUSER CO COM 962166104 3,078 54,000 X 1 54,000
WHIRLPOOL CORP COM 963320106 3,224 55,000 X 1 55,000
PAGE TOTAL 26,816
</TABLE>
<PAGE> 69
PAGE 66
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WILLAMETTE INDS INC COM 969133107 803 20,000 X 1 20,000
WILLIAMS
COMMUNICATIONS GROUP CL A 969455104 1,914 36,900 X 1 36,900
WILLIAMS COS INC DEL COM 969457100 1,186 27,000 X 1 27,000
WILLIAMS SONOMA INC COM 969904101 546 17,600 X 1 17,600
WINN DIXIE STORES INC COM 974280109 51 2,600 X 1 2,600
WINSTAR
COMMUNICATIONS INC COM 975515107 990 16,500 X 1 16,500
WISCONSIN ENERGY CORP COM 976657106 1,027 51,500 X 1 51,500
WRIGLEY WM JR CO COM 982526105 54 700 X 1 700
XILINX INC COM 983919101 5,507 66,500 X 1 66,500
XEROX CORP COM 984121103 1,706 65,600 X 1 65,600
PAGE TOTAL 13,784
</TABLE>
<PAGE> 70
PAGE 67
FORM 13F NAME OF REPORTING MANAGER: GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- -------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
YAHOO INC COM 984332106 9,494 55,400 X 1 55,400
YORK INTL CORP NEW COM 986670107 9 400 X 1 400
ZALE CORP NEW COM 988858106 1,184 25,100 X 1 25,100
PAGE TOTAL 10,687
GRAND TOTAL 3,153,246
</TABLE>
