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<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, 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 08/14/00
----------------------------- ------------------------- ------------
(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: $3,077,781
----------
(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
F O R M 1 3 F NAME OF REPORTING MANAGER: GTE LEASING CORPORATION
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5:
NAME OF ISSUER TITLE OF CLASS CUSIP FAIR MARKET SHARES OR
VALUE PRINCIPAL
(X $1000) AMOUNT
<S> <C> <C> <C> <C>
Bear Stearns 5.50 Preferred 07390220 $766 18,400
Citicorp 6.00 Preferred 173034208 $ 0 called 2/28/98
Citicorp 6.00 Preferred 173034208 $ 0 called 2/28/98
TOTAL PORTFOLIO $766
<CAPTION>
ITEM 1: ITEM 6: ITEM 7: ITEM 8:
NAME OF ISSUER INVESTMENT DISCRETION MANAGERS VOTING AUTHORITY
(A)SOLE (B)SHARED (C)SHARED SEE INSTR.V (SHARES)
As Defined in OTHER (A)SOLE (B)SHARES (C)NONE
Instr. V
Bear Stearns 5.50 X 2 18,400
Citicorp 6.00 X 2 called 2/28/98
Citicorp 6.00 X 2 called 2/28/98
TOTAL PORTFOLIO
</TABLE>
<PAGE> 4
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 1 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
DAIMLERCHRYSLER AG D1668R123 490 9,405 X 1 9,405
ORD
AMDOCS LTD G02602103 4,498 58,600 X 1 58,600
ORD
GLOBAL CROSSING LTD G3921A100 1,287 48,900 X 1 48,900
COM
RENAISSANCE RE HLDGS LTD G7496G103 2,821 64,750 X 1 64,750
COM
TRANSOCEAN SEDCO FOREX INC G90078109 2,244 42,000 X 1 42,000
ORD
TARO PHARMACEUTICAL INDS LTD M8737E108 503 42,792 X 1 42,792
ORD
ROYAL CARIBBEAN CRUISES LTD V7780T103 343 18,518 X 1 18,518
COM
A D C TELECOMMUNICATIONS 000886101 1,820 21,700 X 1 21,700
COM
AES CORP 00130H105 3,057 67,000 X 1 67,000
COM
AMR CORP 001765106 1,666 63,000 X 1 63,000
COM
PAGE TOTAL 18,729
</TABLE>
<PAGE> 5
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 2 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
AT&T CORP 001957109 21,028 664,908 X 1 664,908
COM
AT&T CORP 001957208 16,354 674,398 X 1 674,398
COM LIB GRP A
AT&T CORP 001957406 811 29,100 X 1 29,100
COM WIRLES GRP
AXA FINL INC 002451102 5,100 150,000 X 1 150,000
COM
ABBOTT LABS 002824100 2,086 46,800 X 1 46,800
COM
ADOBE SYS INC 00724F101 6,773 52,100 X 1 52,100
COM
ADVANCED MICRO DEVICES INC 007903107 77 1,000 X 1 1,000
COM
AEGON N V 007924103 1,186 33,294 X 1 33,294
ORD AMER REG
AETNA INC 008117103 3,954 61,600 X 1 61,600
COM
AGILENT TECHNOLOGIES INC 00846U101 4,830 65,485 X 1 65,485
COM
PAGE TOTAL 62,199
</TABLE>
<PAGE> 6
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 3 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
AIR PRODS & CHEMS INC 009158106 1,557 50,531 X 1 50,531
COM
ALBERTSONS INC 013104104 2,662 80,050 X 1 80,050
COM
ALCAN ALUMINIUM LTD NEW 013716105 775 25,000 X 1 25,000
COM
ALCOA INC 013817101 7,479 257,896 X 1 257,896
COM
ALLEGHENY ENERGY INC 017361106 3,323 121,400 X 1 121,400
COM
ALLEGHENY TECHNOLOGIES INC 01741R102 1,391 77,300 X 1 77,300
COM
ALLEGIANCE TELECOM INC 01747T102 885 13,828 X 1 13,828
COM
ALLERGAN INC 018490102 194 2,600 X 1 2,600
COM
ALLIED WASTE INDS INC 019589308 61 6,100 X 1 6,100
COM PAR$.01NEW
ALLMERICA FINL CORP 019754100 105 2,000 X 1 2,000
COM
PAGE TOTAL 18,432
</TABLE>
<PAGE> 7
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 4 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
ALLSTATE CORP 020002101 2,336 105,000 X 1 105,000
COM
ALLTEL CORP 020039103 3,252 52,500 X 1 52,500
COM
ALTERA CORP 021441100 183 1,800 X 1 1,800
COM
ALZA CORP DEL 022615108 5,747 97,207 X 1 97,207
COM
AMAZON COM INC 023135106 1,411 38,850 X 1 38,850
COM
AMBAC FINL GROUP INC 023139108 4,123 75,217 X 1 75,217
COM
AMERICA ONLINE INC DEL 02364J104 27,550 522,900 X 1 522,900
COM
AMERICAN EAGLE OUTFITTERS NEW 02553E106 210 15,000 X 1 15,000
COM
AMERICAN ELEC PWR INC 025537101 30 1,000 X 1 1,000
COM
AMERICAN EXPRESS CO 025816109 24,551 471,000 X 1 471,000
COM
PAGE TOTAL 69,393
</TABLE>
<PAGE> 8
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 5 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
AMERICAN GENERAL CORP 026351106 4,816 78,958 X 1 78,958
COM
AMERICAN HOME PRODS CORP 026609107 19,940 339,400 X 1 339,400
COM
AMERICAN INTL GROUP INC 026874107 38,491 327,584 X 1 327,584
COM
AMERICAN PWR CONVERSION CORP 029066107 612 15,000 X 1 15,000
COM
AMERITRADE HLDG CORP 03072H109 59 5,100 X 1 5,100
CL A
AMGEN INC 031162100 26,948 383,600 X 1 383,600
COM
AMSOUTH BANCORPORATION 032165102 898 57,000 X 1 57,000
COM
ANDRX CORP 034551101 428 6,700 X 1 6,700
COM
ANHEUSER BUSCH COS INC 035229103 8,380 112,200 X 1 112,200
COM
ANIXTER INTL INC 035290105 623 23,500 X 1 23,500
COM
PAGE TOTAL 101,195
</TABLE>
<PAGE> 9
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 6 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
ANNTAYLOR STORES CORP 036115103 1 28 X 1 28
COM
AON CORP 037389103 2,687 86,500 X 1 86,500
COM
APACHE CORP 037411105 3,435 58,400 X 1 58,400
COM
APPLE COMPUTER INC 037833100 5,615 107,200 X 1 107,200
COM
APPLIED MATLS INC 038222105 26,245 289,600 X 1 289,600
COM
ARCH COAL INC 039380100 115 14,978 X 1 14,978
COM
ARCHER DANIELS MIDLAND CO 039483102 2 200 X 1 200
COM
ARROW ELECTRS INC 042735100 131 4,218 X 1 4,218
COM
ASHLAND INC 044204105 270 7,700 X 1 7,700
COM
ASSOCIATED BANC CORP 045487105 662 30,341 X 1 30,341
COM
PAGE TOTAL 39,163
</TABLE>
<PAGE> 10
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 7 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
AT HOME CORP 045919107 87 4,200 X 1 4,200
COM SER A
ASSOCIATES FIRST CAP CORP 046008108 1,440 64,536 X 1 64,536
CL A
ASTORIA FINL CORP 046265104 657 25,500 X 1 25,500
COM
AUTODESK INC 052769106 66 1,900 X 1 1,900
COM
AUTOMATIC DATA PROCESSING INC 053015103 43 800 X 1 800
COM
AUTONATION INC 05329W102 13 1,900 X 1 1,900
COM
AUTOZONE INC 053332102 330 15,000 X 1 15,000
COM
AVALONBAY CMNTYS INC 053484101 1,215 29,100 X 1 29,100
COM
AVERY DENNISON CORP 053611109 671 10,000 X 1 10,000
COM
AVON PRODS INC 054303102 654 14,700 X 1 14,700
COM
PAGE TOTAL 5,176
</TABLE>
<PAGE> 11
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 8 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
AZTAR CORP 054802103 1,212 78,200 X 1 78,200
COM
BCE INC 05534B109 216 9,073 X 1 9,073
COM
BJS WHOLESALE CLUB INC 05548J106 1,980 60,000 X 1 60,000
COM
BJ SVCS CO 055482103 2,250 36,000 X 1 36,000
COM
BP AMOCO P L C 055622104 5,758 101,793 X 1 101,793
SPONSORED ADR
BMC SOFTWARE INC 055921100 1,664 45,600 X 1 45,600
COM
BAKER HUGHES INC 057224107 954 29,800 X 1 29,800
COM
BANK OF AMERICA CORPORATION 060505104 18,352 426,800 X 1 426,800
COM
BANK NEW YORK INC 064057102 9,323 200,500 X 1 200,500
COM
BANK ONE CORP 06423A103 5,998 225,800 X 1 225,800
COM
PAGE TOTAL 47,707
</TABLE>
<PAGE> 12
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 9 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
BANKNORTH GROUP INC NEW 06646R107 863 56,389 X 1 56,389
COM
BARD C R INC 067383109 202 4,200 X 1 4,200
COM
BARRICK GOLD CORP 067901108 38 2,100 X 1 2,100
COM
BAUSCH & LOMB INC 071707103 85 1,100 X 1 1,100
COM
BEA SYS INC 073325102 48,621 983,500 X 1 983,500
COM
BEAR STEARNS COS INC 073902108 12 300 X 1 300
COM
BECTON DICKINSON & CO 075887109 204 7,100 X 1 7,100
COM
BED BATH & BEYOND INC 075896100 729 20,100 X 1 20,100
COM
BELL ATLANTIC CORP 077853109 22,256 438,000 X 1 438,000
COM
BELLSOUTH CORP 079860102 16,624 390,000 X 1 390,000
COM
PAGE TOTAL 89,634
</TABLE>
<PAGE> 13
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 10 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
BERGEN BRUNSWIG CORP 083739102 24 4,300 X 1 4,300
CL A
BERKSHIRE HATHAWAY INC DEL 084670108 0 30 X 1 30
CL A
BEST BUY INC 086516101 2,815 44,500 X 1 44,500
COM
BESTFOODS 08658U101 12,486 180,300 X 1 180,300
COM
BIOGEN INC 090597105 258 4,000 X 1 4,000
COM
BIOMET INC 090613100 46 1,200 X 1 1,200
COM
BLACK & DECKER CORP 091797100 16 400 X 1 400
COM
BOEING CO 097023105 3,613 86,400 X 1 86,400
COM
BOSTON SCIENTIFIC CORP 101137107 61 2,800 X 1 2,800
COM
BRINKER INTL INC 109641100 483 16,500 X 1 16,500
COM
PAGE TOTAL 19,802
</TABLE>
<PAGE> 14
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 11 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
BRISTOL MYERS SQUIBB CO 110122108 38,899 667,800 X 1 667,800
COM
BROADCOM CORP 111320107 5,386 24,600 X 1 24,600
CL A
BROADWING INC 111620100 460 17,740 X 1 17,740
COM
BURLINGTON NORTHN SANTA FE CP 12189T104 2,014 87,800 X 1 87,800
COM
BURLINGTON RES INC 122014103 1,167 30,500 X 1 30,500
COM
CIGNA CORP 125509109 8,714 93,200 X 1 93,200
COM
CIT GROUP INC 125577106 413 25,400 X 1 25,400
CL A
CMGI INC 125750109 1,017 22,200 X 1 22,200
COM
CMS ENERGY CORP 125896100 538 24,300 X 1 24,300
COM
CNF TRANSN INC 12612W104 52 2,300 X 1 2,300
COM
PAGE TOTAL 58,660
</TABLE>
<PAGE> 15
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 12 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
CSX CORP 126408103 1,318 62,200 X 1 62,200
COM
CTS CORP 126501105 4,334 96,300 X 1 96,300
COM
CVS CORP 126650100 160 4,000 X 1 4,000
COM
CABLEVISION SYS CORP 12686C109 1,134 16,700 X 1 16,700
CL A
CABLETRON SYS INC 126920107 13 500 X 1 500
COM
CABOT CORP 127055101 354 13,000 X 1 13,000
COM
CADENCE DESIGN SYSTEM INC 127387108 100 4,900 X 1 4,900
COM
CALPINE CORP 131347106 5,641 85,800 X 1 85,800
COM
CAMPBELL SOUP CO 134429109 379 13,000 X 1 13,000
COM
CANADIAN PAC LTD NEW 135923100 215 8,200 X 1 8,200
COM
PAGE TOTAL 13,648
</TABLE>
<PAGE> 16
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 13 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
CANADIAN NATL RY CO 136375102 245 8,400 X 1 8,400
COM
CAPITAL ONE FINL CORP 14040H105 6,533 146,400 X 1 146,400
COM
CARDINAL HEALTH INC 14149Y108 2,701 36,500 X 1 36,500
COM
CARNIVAL CORP 143658102 555 28,451 X 1 28,451
COM
CATALINA MARKETING CORP 148867104 449 4,400 X 1 4,400
COM
CATERPILLAR INC DEL 149123101 1,041 30,738 X 1 30,738
COM
CENDANT CORP 151313103 4,193 299,498 X 1 299,498
COM
CENTEX CORP 152312104 94 4,000 X 1 4,000
COM
CENTURYTEL INC 156700106 1,811 63,000 X 1 63,000
COM
CHARTER ONE FINL INC 160903100 1,807 78,560 X 1 78,560
COM
PAGE TOTAL 19,429
</TABLE>
<PAGE> 17
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 14 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
CHASE MANHATTAN CORP NEW 16161A108 16,893 366,750 X 1 366,750
COM
CHEVRON CORPORATION 166751107 11,305 133,300 X 1 133,300
COM
CHUBB CORP 171232101 2,091 34,000 X 1 34,000
COM
CIENA CORP 171779101 3,734 22,400 X 1 22,400
COM
CINCINNATI FINL CORP 172062101 38 1,200 X 1 1,200
COM
CINERGY CORP 172474108 1,145 45,000 X 1 45,000
COM
CIRCUIT CITY STORE INC 172737108 2,555 77,000 X 1 77,000
CIRCT CITY GRP
CISCO SYS INC 17275R102 113,541 1,786,300 X 1 1,786,300
COM
CINTAS CORP 172908105 780 21,250 X 1 21,250
COM
CITIGROUP INC 172967101 58,908 977,730 X 1 977,730
COM
PAGE TOTAL 210,990
</TABLE>
<PAGE> 18
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 15 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
CITIZENS COMMUNICATIONS CO 17453B101 857 49,700 X 1 49,700
COM
CITRIX SYS INC 177376100 170 9,000 X 1 9,000
COM
CLAIRES STORES INC 179584107 29 1,500 X 1 1,500
COM
CLAYTON HOMES INC 184190106 145 18,100 X 1 18,100
COM
CLEAR CHANNEL COMMUNICATIONS 184502102 4,418 58,900 X 1 58,900
COM
CLOROX CO DEL 189054109 45 1,000 X 1 1,000
COM
COASTAL CORP 190441105 3,660 60,122 X 1 60,122
COM
COCA COLA CO 191216100 21,832 380,100 X 1 380,100
COM
COCA COLA ENTERPRISES INC 191219104 282 17,297 X 1 17,297
COM
COLE NATIONAL CORP NEW 193290103 26 3,800 X 1 3,800
CL A
PAGE TOTAL 31,464
</TABLE>
<PAGE> 19
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 16 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
COLGATE PALMOLIVE CO 194162103 10,861 181,400 X 1 181,400
COM
COLUMBIA ENERGY GROUP 197648108 6,431 98,000 X 1 98,000
COM
COMCAST CORP 200300200 3,106 76,700 X 1 76,700
CL A SPL
COMDISCO INC 200336105 413 18,500 X 1 18,500
COM
COMERICA INC 200340107 137 3,050 X 1 3,050
COM
COMMONWEALTH TEL ENTERPRISES 203349105 471 10,000 X 1 10,000
COM
COMMSCOPE INC 203372107 250 6,100 X 1 6,100
COM
COMPAQ COMPUTER CORP 204493100 120 4,700 X 1 4,700
COM
COMPUTER ASSOC INTL INC 204912109 348 6,798 X 1 6,798
COM
COMPUTER SCIENCES CORP 205363104 37 500 X 1 500
COM
PAGE TOTAL 22,174
</TABLE>
<PAGE> 20
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 17 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
COMPUWARE CORP 205638109 67 6,500 X 1 6,500
COM
COMSAT CORP 20564D107 141 6,000 X 1 6,000
COM SER 1
COMVERSE TECHNOLOGY INC 205862402 2,855 30,700 X 1 30,700
COM PAR $0.10
CONAGRA INC 205887102 381 20,000 X 1 20,000
COM
CONECTIV INC 206829103 47 3,000 X 1 3,000
COM
CONEXANT SYSTEMS INC 207142100 389 8,000 X 1 8,000
COM
CONOCO INC 208251405 860 35,015 X 1 35,015
CL B
CONSECO INC 208464107 60 6,200 X 1 6,200
COM
CONSOLIDATED EDISON INC 209115104 65 2,200 X 1 2,200
COM
CONSOLIDATED PAPERS INC 209759109 355 9,700 X 1 9,700
COM
PAGE TOTAL 5,220
</TABLE>
<PAGE> 21
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 18 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
CONSOLIDATED PRODS INC 209798107 921 102,367 X 1 102,367
COM
CONSOLIDATED STORES CORP 210149100 26 2,200 X 1 2,200
COM
CONSTELLATION ENERGY CORP 210371100 42 1,300 X 1 1,300
COM
COOPER CAMERON CORP 216640102 350 5,300 X 1 5,300
COM
COOPER INDS INC 216669101 2,062 63,333 X 1 63,333
COM
COOPER TIRE & RUBR CO 216831107 1 100 X 1 100
COM
CORNING INC 219350105 25,017 92,700 X 1 92,700
COM
COSTCO WHSL CORP NEW 22160K105 4,924 149,200 X 1 149,200
COM
COUNTRYWIDE CR INDS INC DEL 222372104 1,561 51,500 X 1 51,500
COM
COVAD COMMUNICATIONS GROUP INC 222814204 2,803 173,800 X 1 173,800
COM
PAGE TOTAL 37,707
</TABLE>
<PAGE> 22
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 19 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
COX COMMUNICATIONS INC NEW 224044107 458 10,050 X 1 10,050
CL A
COX RADIO INC 224051102 672 24,000 X 1 24,000
CL A
CREO PRODS INC 225606102 68 2,970 X 1 2,970
COM
CUMMINS ENGINE INC 231021106 38 1,400 1 1,400
COM
CYPRESS SEMICONDUCTOR CORP 232806109 115 2,724 X 1 2,724
COM
DTE ENERGY CO 233331107 2,601 85,100 X 1 85,100
COM
DANA CORP 235811106 922 43,500 X 1 43,500
COM
DEERE & CO 244199105 1,924 52,000 X 1 52,000
COM
DELL COMPUTER CORP 247025109 35,337 716,600 X 1 716,600
COM
DELPHI AUTOMOTIVE SYS CORP 247126105 709 48,700 X 1 48,700
COM
PAGE TOTAL 42,844
</TABLE>
<PAGE> 23
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 20 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
DIAMOND OFFSHORE DRILLING INC 25271C102 1,054 30,000 X 1 30,000
COM
DIEBOLD INC 253651103 42 1,500 X 1 1,500
COM
DIME BANCORP INC NEW 25429Q102 709 45,000 X 1 45,000
COM
DISCOUNT AUTO PTS INC 254642101 88 8,800 X 1 8,800
COM
DISNEY WALT CO 254687106 15,012 386,800 X 1 386,800
COM DISNEY
DOLE FOOD INC 256605106 36 2,600 X 1 2,600
COM
DOLLAR GEN CORP 256669102 32 1,625 X 1 1,625
COM
DOLLAR TREE STORES INC 256747106 257 6,495 X 1 6,495
COM
DOMINION RES INC VA NEW 25746U109 609 14,209 X 1 14,209
COM
DOUBLECLICK INC 258609304 2,040 53,500 X 1 53,500
COM
PAGE TOTAL 19,879
</TABLE>
<PAGE> 24
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 21 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
DOVER CORP 260003108 1,825 45,000 X 1 45,000
COM
DOW CHEM CO 260543103 8,015 265,500 X 1 265,500
COM
DOW JONES & CO INC 260561105 967 13,200 X 1 13,200
COM
DU PONT E I DE NEMOURS & CO 263534109 7,237 165,421 X 1 165,421
COM
DUKE ENERGY CORP 264399106 1,789 31,731 X 1 31,731
COM
DUN & BRADSTREET CORP DEL 26483B106 1,277 44,600 X 1 44,600
COM
DYNEGY INC NEW 26816Q101 786 11,500 X 1 11,500
CL A
E M C CORP MASS 268648102 53,717 698,200 X 1 698,200
COM
ENSCO INTL INC 26874Q100 1,791 50,000 X 1 50,000
COM
E-TEK DYNAMICS INC 269240107 211 800 X 1 800
COM
PAGE TOTAL 77,615
</TABLE>
<PAGE> 25
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 22 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
E TRADE GROUP INC 269246104 340 20,600 X 1 20,600
COM
EASTMAN KODAK CO 277461109 8,033 135,000 X 1 135,000
COM
EATON CORP 278058102 2,464 36,774 X 1 36,774
COM
EBAY INC 278642103 1,836 33,800 X 1 33,800
COM
ECHOSTAR COMMUNICATIONS NEW 278762109 2,473 74,700 X 1 74,700
CL A
ECLIPSYS CORP 278856109 1 75 X 1 75
COM
EDISON INTL 281020107 55 2,700 X 1 2,700
COM
J D EDWARDS & CO 281667105 38 2,500 X 1 2,500
COM
EL PASO ENERGY CORP DEL 283905107 1,014 19,900 X 1 19,900
COM
ELECTRONIC ARTS INC 285512109 109 1,500 X 1 1,500
COM
PAGE TOTAL 16,363
</TABLE>
<PAGE> 26
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 23 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
ELECTRONIC DATA SYS NEW 285661104 3,589 87,000 X 1 87,000
COM
ELECTRONICS FOR IMAGING INC 286082102 73 2,900 X 1 2,900
COM
EMERSON ELEC CO 291011104 4,377 72,500 X 1 72,500
COM
ENERGY EAST CORP 29266M109 15 800 X 1 800
COM
ENERGIZER HLDGS INC 29266R108 10 533 X 1 533
COM
ENRON CORP 293561106 9,030 140,000 X 1 140,000
COM
ENTERGY CORP NEW 29364G103 98 3,600 X 1 3,600
COM
ENTRUST TECHNOLOGIES INC 293848107 828 10,000 X 1 10,000
COM
EQUIFAX INC 294429105 1,383 52,700 X 1 52,700
COM
ERICSSON L M TEL CO 294821400 146 7,300 X 1 7,300
ADR CL B SEK10
PAGE TOTAL 19,549
</TABLE>
<PAGE> 27
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 24 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
EXODUS COMMUNICATIONS INC 302088109 2,579 56,000 X 1 56,000
COM
EXPEDITORS INTL WASH INC 302130109 1,872 39,400 X 1 39,400
COM
EXXON MOBIL CORP 30231G102 62,950 801,910 X 1 801,910
COM
F M C CORP 302491303 661 11,400 X 1 11,400
COM NEW
FPL GROUP INC 302571104 104 2,100 X 1 2,100
COM
FEDERAL HOME LN MTG CORP 313400301 1,284 31,700 X 1 31,700
COM
FEDERAL NATL MTG ASSN 313586109 8,454 162,000 X 1 162,000
COM
FEDERATED DEPT STORES INC DEL 31410H101 5,559 164,700 X 1 164,700
COM
FEDEX CORP 31428X106 2,523 66,400 X 1 66,400
COM
FERRO CORP 315405100 582 27,700 X 1 27,700
COM
PAGE TOTAL 86,568
</TABLE>
<PAGE> 28
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 25 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
FIFTH THIRD BANCORP 316773100 1,139 18,000 X 1 18,000
COM
FINOVA GROUP INC 317928109 38 2,920 X 1 2,920
COM
FIRST DATA CORP 319963104 6,421 129,400 X 1 129,400
COM
FIRST TENN NATL CORP 337162101 5 300 X 1 300
COM
FIRST UN CORP 337358105 5,340 215,200 X 1 215,200
COM
FIRSTAR CORP NEW WIS 33763V109 4,516 214,400 X 1 214,400
COM
FLEETBOSTON FINL CORP 339030108 5,458 160,530 X 1 160,530
COM
FORD MTR CO DEL 345370100 11,481 267,000 X 1 267,000
COM
FOREST LABS INC 345838106 11,397 112,846 X 1 112,846
COM
FORT JAMES CORP 347471104 217 9,400 X 1 9,400
COM
PAGE TOTAL 46,012
</TABLE>
<PAGE> 29
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 26 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
FORTUNE BRANDS INC 349631101 1,218 52,800 X 1 52,800
COM
FOUNDATION HEALTH SYS INC 350404109 20 1,500 X 1 1,500
COM
FOUNDRY NETWORKS INC 35063R100 11 100 X 1 100
COM
FOX ENTMT GROUP INC 35138T107 1,333 43,900 X 1 43,900
CL A
FRANKLIN RES INC 354613101 134 4,400 X 1 4,400
COM
FREEPORT-MCMORAN COPPER & GOLD 35671D857 113 12,200 X 1 12,200
CL B
GPU INC 36225X100 11 400 X 1 400
COM
GTE CORP 362320103 14,137 227,100 X 1 227,100
COM
GALILEO INTERNATIONAL INC 363547100 84 4,000 X 1 4,000
COM
GANNETT INC 364730101 3,888 65,000 X 1 65,000
COM
PAGE TOTAL 20,949
</TABLE>
<PAGE> 30
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 27 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
GAP INC DEL 364760108 8,394 268,612 X 1 268,612
COM
GATEWAY INC 367626108 17 300 X 1 300
COM
GENENTECH INC 368710406 1,273 7,400 X 1 7,400
COM NEW
GENERAL DYNAMICS CORP 369550108 1,578 30,200 X 1 30,200
COM
GENERAL ELEC CO 369604103 121,381 2,290,200 X 1 2,290,200
COM
GENERAL MLS INC 370334104 161 4,200 X 1 4,200
COM
GENERAL MTRS CORP 370442105 12,670 218,210 X 1 218,210
COM
GENERAL MTRS CORP 370442832 22,403 255,300 X 1 255,300
CL H NEW
GENTEX CORP 371901109 842 33,500 X 1 33,500
COM
GENUINE PARTS CO 372460105 620 31,000 X 1 31,000
COM
PAGE TOTAL 169,339
</TABLE>
<PAGE> 31
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 28 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
GENZYME CORP 372917104 1,314 22,100 X 1 22,100
COM GENL DIV
GEORGIA GULF CORP 373200203 312 15,000 X 1 15,000
COM PAR $0.01
GEORGIA PAC CORP 373298108 1,863 70,973 X 1 70,973
COM GA PAC GRP
GILLETTE CO 375766102 1,813 51,900 X 1 51,900
COM
GLOBAL MARINE INC 379352404 5,432 192,700 X 1 192,700
COM
GOLDEN WEST FINL CORP DEL 381317106 208 5,100 X 1 5,100
COM
GOLDMAN SACHS GROUP INC 38141G104 2,277 24,000 X 1 24,000
COM
GOODRICH B F CO 382388106 2,320 68,100 X 1 68,100
COM
GOODYEAR TIRE & RUBR CO 382550101 660 33,000 X 1 33,000
COM
GRAINGER W W INC 384802104 539 17,500 X 1 17,500
COM
PAGE TOTAL 16,738
</TABLE>
<PAGE> 32
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 29 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
GRANT PRIDECO INC 38821G101 500 20,000 X 1 20,000
COM
GREIF BROS CORP 397624107 458 14,900 X 1 14,900
CL A
GUIDANT CORP 401698105 1,332 26,900 X 1 26,900
COM
HCA-HEALTHCARE CO 404119109 6,379 210,000 X 1 210,000
COM
HALLIBURTON CO 406216101 2,514 53,285 X 1 53,285
COM
HANCOCK JOHN FINL SVCS INC 41014S106 237 10,000 X 1 10,000
COM
HANNAFORD BROS CO 410550107 3,141 43,700 X 1 43,700
COM
HARLEY DAVIDSON INC 412822108 5,583 145,000 X 1 145,000
COM
HARTFORD FINL SVCS GROUP INC 416515104 6,422 114,800 X 1 114,800
COM
HASBRO INC 418056107 377 25,000 X 1 25,000
COM
PAGE TOTAL 26,943
</TABLE>
<PAGE> 33
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 30 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
HEALTHSOUTH CORP 421924101 200 27,800 X 1 27,800
COM
HERSHEY FOODS CORP 427866108 922 19,000 X 1 19,000
COM
HERTZ CORP 428040109 702 25,026 X 1 25,026
CL A
HEWLETT PACKARD CO 428236103 21,441 171,700 X 1 171,700
COM
HOME DEPOT INC 437076102 28,963 580,000 X 1 580,000
COM
HONEYWELL INTL INC 438516106 5,877 174,462 X 1 174,462
COM
HOUSEHOLD INTL INC 441815107 1,265 30,428 X 1 30,428
COM
HUMANA INC 444859102 25 5,100 X 1 5,100
COM
HUMAN GENOME SCIENCES INC 444903108 6,895 51,700 X 1 51,700
COM
ITC DELTACOM INC 45031T104 848 38,000 X 1 38,000
COM
PAGE TOTAL 67,138
</TABLE>
<PAGE> 34
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 31 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
IKON OFFICE SOLUTIONS INC 451713101 350 90,300 X 1 90,300
COM
ILLINOIS TOOL WKS INC 452308109 1 20 X 1 20
COM
IMMUNEX CORP NEW 452528102 4,563 92,300 X 1 92,300
COM
INCO LTD 453258402 0 5 X 1 5
COM
INFINITY BROADCASTING CP NEW 45662S102 2,014 55,274 X 1 55,274
CL A
INFORMATICA CORP 45666Q102 12,152 148,304 X 1 148,304
COM
INFOSPACE INC 45678T102 812 14,700 X 1 14,700
COM
INGERSOLL-RAND CO 456866102 895 22,240 X 1 22,240
COM
INKTOMI CORP 457277101 177 1,500 X 1 1,500
COM
INTEL CORP 458140100 109,276 817,400 X 1 817,400
COM
PAGE TOTAL 130,240
</TABLE>
<PAGE> 35
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 32 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
INTERNATIONAL BUSINESS MACHS 459200101 48,185 439,800 X 1 439,800
COM
INTERNATIONAL GAME TECHNOLOGY 459902102 498 18,800 X 1 18,800
COM
INTL PAPER CO 460146103 3,015 101,142 X 1 101,142
COM
INTERSTATE BAKERIES CORP DEL 46072H108 14 1,000 X 1 1,000
COM
ISLE OF CAPRI CASINOS INC 464592104 86 6,351 X 1 6,351
COM
ITRON INC 465741AA4 227 367,000 X 1 367,000
SB NT CV 144A 04
I2 TECHNOLOGIES INC 465754109 2,012 19,300 X 1 19,300
COM
IVAX CORP 465823102 5,279 127,200 X 1 127,200
COM
JDS UNIPHASE CORP 46612J101 24,443 203,900 X 1 203,900
COM
JLK DIRECT DISTRIBUTION INC 46621C105 104 20,300 X 1 20,300
CL A
PAGE TOTAL 83,863
</TABLE>
<PAGE> 36
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 33 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
JACK IN THE BOX INC 466367109 44 1,800 X 1 1,800
COM
JEFFERSON PILOT CORP 475070108 1,874 33,200 X 1 33,200
COM
JOHNSON & JOHNSON 478160104 22,127 217,200 X 1 217,200
COM
JONES APPAREL GROUP INC 480074103 4,264 181,447 X 1 181,447
COM
JONES PHARMA INC 480236108 632 15,825 X 1 15,825
COM
KLA-TENCOR CORP 482480100 182 3,100 X 1 3,100
COM
K MART CORP 482584109 56 8,294 X 1 8,294
COM
KANSAS CITY SOUTHN INDS INC 485170104 2,217 25,000 X 1 25,000
COM
KEEBLER FOODS CO 487256109 1,299 35,000 X 1 35,000
COM
KELLY SVCS INC 488152208 171 7,400 X 1 7,400
CL A
PAGE TOTAL 32,866
</TABLE>
<PAGE> 37
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 34 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
KEYCORP NEW 493267108 622 35,300 X 1 35,300
COM
KEYSPAN CORP 49337W100 677 22,000 X 1 22,000
COM
KIMBERLY CLARK CORP 494368103 13,678 238,400 X 1 238,400
COM
KNIGHT TRADING GROUP INC 499063105 233 7,800 X 1 7,800
COM
KOHLS CORP 500255104 8,055 144,800 X 1 144,800
COM
KROGER CO 501044101 4,055 183,800 X 1 183,800
COM
LHS GROUP INC 501938104 52 1,500 X 1 1,500
COM
LSI LOGIC CORP 502161102 184 3,400 X 1 3,400
COM
LEAR CORP 521865105 400 20,000 X 1 20,000
COM
LEGGETT & PLATT INC 524660107 1,297 78,626 X 1 78,626
COM
PAGE TOTAL 29,253
</TABLE>
<PAGE> 38
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 35 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
LEHMAN BROS HLDGS INC 524908100 9,598 101,500 X 1 101,500
COM
LEVEL 3 COMMUNICATIONS INC 52729N100 2,499 28,400 X 1 28,400
COM
LEXMARK INTL GROUP INC 529771107 1,042 15,500 X 1 15,500
CL A
LIBERTY DIGITAL INC 530436104 341 11,360 X 1 11,360
CL A
LILLY ELI & CO 532457108 16,380 164,000 X 1 164,000
COM
LIMITED INC 532716107 649 30,000 X 1 30,000
COM
LINEAR TECHNOLOGY CORP 535678106 543 8,500 X 1 8,500
COM
LOCKHEED MARTIN CORP 539830109 3,089 124,500 X 1 124,500
COM
LOEWS CORP 540424108 1,488 24,800 X 1 24,800
COM
LOWES COS INC 548661107 1,400 34,100 X 1 34,100
COM
PAGE TOTAL 37,029
</TABLE>
<PAGE> 39
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 36 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
LUCENT TECHNOLOGIES INC 549463107 30,670 517,636 X 1 517,636
COM
LYONDELL CHEMICAL CO 552078107 767 45,800 X 1 45,800
COM
M & T BK CORP 55261F104 585 1,300 X 1 1,300
COM
MBIA INC 55262C100 3,749 77,800 X 1 77,800
COM
MBNA CORP 55262L100 6,947 256,100 X 1 256,100
COM
MARSH & MCLENNAN COS INC 571748102 15,279 146,300 X 1 146,300
COM
MASCO CORP 574599106 813 45,000 X 1 45,000
COM
MATTEL INC 577081102 1,220 92,519 X 1 92,519
COM
MAY DEPT STORES CO 577778103 840 35,000 X 1 35,000
COM
MAYTAG CORP 578592107 89 2,400 X 1 2,400
COM
PAGE TOTAL 60,959
</TABLE>
<PAGE> 40
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 37 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
MCCORMICK & CO INC 579780206 585 18,000 X 1 18,000
COM NON VTG
MCDONALDS CORP 580135101 9,089 275,951 X 1 275,951
COM
MCLEODUSA INC 582266102 1,365 66,000 X 1 66,000
CL A
MEAD CORP 582834107 647 25,606 X 1 25,606
COM
MEDIAONE GROUP INC 58440J104 0 59,200 X 1 59,200
COM
MEDIA GEN INC 584404107 1,531 31,519 X 1 31,519
CL A
MEDICIS PHARMACEUTICAL CORP 584690309 382 6,700 X 1 6,700
CL A NEW
MEDIMMUNE INC 584699102 6,438 87,000 X 1 87,000
COM
MEDTRONIC INC 585055106 7,264 145,828 X 1 145,828
COM
MELLON FINL CORP 58551A108 1,079 29,600 X 1 29,600
COM
PAGE TOTAL 28,380
</TABLE>
<PAGE> 41
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 38 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
MEMBERWORKS INC 586002107 2,020 60,085 X 1 60,085
COM
MERCK & CO INC 589331107 28,121 367,000 X 1 367,000
COM
MERRILL LYNCH & CO INC 590188108 10,845 94,300 X 1 94,300
COM
MICHAELS STORES INC 594087108 142 3,100 X 1 3,100
COM
MICROSOFT CORP 594918104 94,200 1,177,506 X 1 1,177,506
COM
MINNESOTA MNG & MFG CO 604059105 2,888 35,000 X 1 35,000
COM
MODINE MFG CO 607828100 540 20,000 X 1 20,000
COM
MODIS PROFESSIONAL SVCS INC 607830106 90 11,800 X 1 11,800
COM
MOLEX INC 608554101 206 4,275 X 1 4,275
COM
MONTANA POWER CO 612085100 71 2,000 X 1 2,000
COM
PAGE TOTAL 139,123
</TABLE>
<PAGE> 42
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 39 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
MORGAN J P & CO INC 616880100 4,251 38,600 X 1 38,600
COM
MORGAN STANLEY DEAN WITTER&CO 617446448 34,615 415,800 X 1 415,800
COM NEW
MOTOROLA INC 620076109 12,816 441,000 X 1 441,000
COM
MYLAN LABS INC 628530107 2 100 X 1 100
COM
NTL INC 629407107 1,054 17,600 X 1 17,600
COM
NABISCO HLDGS CORP 629526104 1,523 29,000 X 1 29,000
CL A
NATIONAL SEMICONDUCTOR CORP 637640103 2,872 50,600 X 1 50,600
COM
NATIONAL SVC INDS INC 637657107 20 1,000 X 1 1,000
COM
NAVISTAR INTL CORP NEW 63934E108 1,505 48,451 X 1 48,451
COM
NETWORK APPLIANCE INC 64120L104 3,832 47,600 X 1 47,600
COM
PAGE TOTAL 62,490
</TABLE>
<PAGE> 43
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 40 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
NEW CENTURY ENERGIES INC 64352U103 726 24,200 X 1 24,200
COM
NEW YORK TIMES CO 650111107 909 23,000 X 1 23,000
CL A
NEWFIELD EXPL CO 651290108 804 20,550 X 1 20,550
COM
NEWMONT MINING CORP 651639106 541 25,000 X 1 25,000
COM
NEWS CORP LTD 652487703 6,763 124,100 X 1 124,100
ADR NEW
NEXTEL COMMUNICATIONS INC 65332V103 7,832 128,000 X 1 128,000
CL A
NEXTLINK COMMUNICATIONS INC 65333H707 3,229 85,120 X 1 85,120
CL A
NIAGARA MOHAWK HLDGS INC 653520106 22 1,600 X 1 1,600
COM
NIKE INC 654106103 2,894 72,700 X 1 72,700
CL B
99 CENTS ONLY STORES 65440K106 796 19,974 X 1 19,974
COM
PAGE TOTAL 24,516
</TABLE>
<PAGE> 44
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 41 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
NISOURCE INC 65473P105 19 1,000 X 1 1,000
COM
NOKIA CORP 654902204 28,779 576,300 X 1 576,300
SPONSORED ADR
NOBLE DRILLING CORP 655042109 21 500 X 1 500
COM
NORDSTROM INC 655664100 63 2,600 X 1 2,600
COM
NORFOLK SOUTHERN CORP 655844108 446 30,000 X 1 30,000
COM
NORTEL NETWORKS CORP NEW 656568102 21,944 321,519 X 1 321,519
COM
NORTH FORK BANCORPORATION NY 659424105 47 3,105 X 1 3,105
COM
NORTHN STS PWR CO MINN 665772109 4,744 235,000 X 1 235,000
COM
NORTHERN TR CORP 665859104 7,001 107,600 X 1 107,600
COM
NORTHPOINT COMMUNICATIONS HLDG 666610100 15 1,300 X 1 1,300
COM
PAGE TOTAL 63,079
</TABLE>
<PAGE> 45
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 42 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
NORTHROP GRUMMAN CORP 666807102 3,140 47,400 X 1 47,400
COM
NOVA CORP GA 669784100 1,520 54,400 X 1 54,400
COM
NOVELL INC 670006105 59 6,400 X 1 6,400
COM
NOVELLUS SYS INC 670008101 198 3,500 X 1 3,500
COM
NSTAR 67019E107 20 500 X 1 500
COM
NUCOR CORP 670346105 498 15,000 X 1 15,000
COM
OCCIDENTAL PETE CORP DEL 674599105 1,563 74,200 X 1 74,200
COM
OLD REP INTL CORP 680223104 87 5,300 X 1 5,300
COM
ORACLE CORP 68389X105 58,524 696,200 X 1 696,200
COM
OWENS ILL INC 690768403 254 21,700 X 1 21,700
COM NEW
PAGE TOTAL 65,863
</TABLE>
<PAGE> 46
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 43 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
PECO ENERGY CO 693304107 1,185 29,400 X 1 29,400
COM
PG&E CORP 69331C108 1,544 62,700 X 1 62,700
COM
PE CORP 69332S102 7,681 116,600 X 1 116,600
COM PE BIO GRP
PMC-SIERRA INC 69344F106 7,463 42,000 X 1 42,000
COM
PMI GROUP INC 69344M101 3,786 79,700 X 1 79,700
COM
PNC FINL SVCS GROUP INC 693475105 3,422 73,000 X 1 73,000
COM
PPL CORP 69351T106 4,583 208,900 X 1 208,900
COM
PAC-WEST TELECOM INC 69371Y101 12 600 X 1 600
COM
PACCAR INC 693718108 802 20,200 X 1 20,200
COM
PACIFICARE HEALTH SYS DEL 695112102 1,306 21,700 X 1 21,700
COM
PAGE TOTAL 31,784
</TABLE>
<PAGE> 47
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 44 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
PAINE WEBBER GROUP INC 695629105 601 13,200 X 1 13,200
COM
PANAMSAT CORP NEW 697933109 175 4,000 X 1 4,000
COM
PARAMETRIC TECHNOLOGY CORP 699173100 128 11,600 X 1 11,600
COM
PARKER HANNIFIN CORP 701094104 599 17,500 X 1 17,500
COM
PAYCHEX INC 704326107 1,184 28,200 X 1 28,200
COM
PENNEY J C INC 708160106 380 20,588 X 1 20,588
COM
PEOPLESOFT INC 712713106 132 7,900 X 1 7,900
COM
PEPSICO INC 713448108 19,219 432,500 X 1 432,500
COM
PEREGRINE SYSTEMS INC 71366Q101 367 10,568 X 1 10,568
COM
PFIZER INC 717081103 75,455 1,571,975 X 1 1,571,975
COM
PAGE TOTAL 98,240
</TABLE>
<PAGE> 48
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 45 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
PHARMACIA CORP 71713U102 16,771 324,482 X 1 324,482
COM
PHILIP MORRIS COS INC 718154107 10,226 385,000 X 1 385,000
COM
PHILLIPS PETE CO 718507106 1,801 35,529 X 1 35,529
COM
PINNACLE WEST CAP CORP 723484101 1,409 41,600 X 1 41,600
COM
PRAXAIR INC 74005P104 1,917 51,208 X 1 51,208
COM
PRICE T ROWE & ASSOCIATES 741477103 510 12,000 X 1 12,000
COM
PROCTER & GAMBLE CO 742718109 17,633 308,000 X 1 308,000
COM
PROGRESSIVE CORP OHIO 743315103 340 4,600 X 1 4,600
COM
PROTECTIVE LIFE CORP 743674103 1,331 50,000 X 1 50,000
COM
PROVIDENT FINL GROUP INC 743866105 1,057 44,400 X 1 44,400
COM
PAGE TOTAL 52,995
</TABLE>
<PAGE> 49
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 46 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
PROVIDIAN FINL CORP 74406A102 4,572 50,800 X 1 50,800
COM
PUBLIC SVC ENTERPRISE GROUP 744573106 28 800 X 1 800
COM
QUAKER OATS CO 747402105 2,629 35,000 X 1 35,000
COM
QUALCOMM INC 747525103 6,342 105,700 X 1 105,700
COM
QUANTUM CORP 747906204 25 2,600 X 1 2,600
COM DSSG
QUINTILES TRANSNATIONAL CORP 748767100 49 3,500 X 1 3,500
COM
QWEST COMMUNICATIONS INTL INC 749121109 5,657 113,844 X 1 113,844
COM
RADIOSHACK CORP 750438103 843 17,800 X 1 17,800
COM
RAMBUS INC DEL 750917106 1,442 14,000 X 1 14,000
COM
RAYTHEON CO 755111408 4 200 X 1 200
CL B
PAGE TOTAL 21,591
</TABLE>
<PAGE> 50
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 47 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
READERS DIGEST ASSN INC 755267101 64 1,600 X 1 1,600
CL A NON VTG
REALNETWORKS INC 75605L104 30 600 X 1 600
COM
REGIONS FINL CORP 758940100 12 600 X 1 600
COM
REYNOLDS & REYNOLDS CO 761695105 29 1,600 X 1 1,600
CL A
REYNOLDS R J TOB HLDGS INC 76182K105 141 5,033 X 1 5,033
COM
RHYTHMS NETCONNECTIONS INC 762430205 25 2,000 X 1 2,000
COM
RITE AID CORP 767754104 12 1,900 X 1 1,900
COM
ROCKWELL INTL CORP NEW 773903109 1,134 36,000 X 1 36,000
COM
ROHM & HAAS CO 775371107 3,526 102,200 X 1 102,200
COM
ROSS STORES INC 778296103 49 2,900 X 1 2,900
COM
PAGE TOTAL 5,022
</TABLE>
<PAGE> 51
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 48 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
ROWAN COS INC 779382100 668 22,000 X 1 22,000
COM
ROYAL DUTCH PETE CO 780257804 15,292 248,400 X 1 248,400
NY REG GLD1.25
RYDER SYS INC 783549108 164 8,650 X 1 8,650
COM
SBC COMMUNICATIONS INC 78387G103 27,896 645,000 X 1 645,000
COM
SDL INC 784076101 1,141 4,000 X 1 4,000
COM
SLM HLDG CORP 78442A109 767 20,500 X 1 20,500
COM
SPS TECHNOLOGIES INC 784626103 300 7,300 X 1 7,300
COM
SABRE HLDGS CORP 785905100 840 29,462 X 1 29,462
CL A
SAFECO CORP 786429100 151 7,600 X 1 7,600
COM
SAFEWAY INC 786514208 13,590 302,000 X 1 302,000
COM NEW
PAGE TOTAL 60,809
</TABLE>
<PAGE> 52
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 49 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
ST JUDE MED INC 790849103 982 21,400 X 1 21,400
COM
ST PAUL COS INC 792860108 2,662 78,000 X 1 78,000
COM
SAKS INC 79377W108 2 200 X 1 200
COM
SANGSTAT MED CORP 801003104 175 6,068 X 1 6,068
COM
SARA LEE CORP 803111103 124 6,400 X 1 6,400
COM
SCHERING PLOUGH CORP 806605101 19,710 390,300 X 1 390,300
COM
SCHLUMBERGER LTD 806857108 12,612 169,000 X 1 169,000
COM
SCHWAB CHARLES CORP NEW 808513105 9,867 293,435 X 1 293,435
COM
SCIENTIFIC ATLANTA INC 808655104 1,043 14,000 X 1 14,000
COM
SEAGATE TECHNOLOGY 811804103 286 5,200 X 1 5,200
COM
PAGE TOTAL 47,463
</TABLE>
<PAGE> 53
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 50 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
SEAGRAM LTD 811850106 6,960 120,000 X 1 120,000
COM
SEALED AIR CORP NEW 81211K209 173 3,420 X 1 3,420
PFD CV A $2
SEARS ROEBUCK & CO 812387108 2,724 83,500 X 1 83,500
COM
SERVICE CORP INTL 817565104 143 45,000 X 1 45,000
COM
SIEBEL SYS INC 826170102 6,117 37,400 X 1 37,400
COM
SIGMA ALDRICH CORP 826552101 35 1,200 X 1 1,200
COM
SILICON LABORATORIES INC 826919102 106 2,000 X 1 2,000
COM
SILICON GRAPHICS INC 827056102 20 5,200 X 1 5,200
COM
SMITH INTL INC 832110100 655 9,000 X 1 9,000
COM
SMURFIT-STONE CONTAINER CORP 832727101 440 34,200 X 1 34,200
COM
PAGE TOTAL 17,373
</TABLE>
<PAGE> 54
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 51 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
SOLECTRON CORP 834182107 5,444 130,000 X 1 130,000
COM
SOUTHDOWN INC 841297104 6 100 X 1 100
COM
SOUTHERN CO 842587107 1,490 63,918 X 1 63,918
COM
SOVEREIGN BANCORP INC 845905108 36 5,100 X 1 5,100
COM
SPATIAL TECHNOLOGY INC 847246105 326 82,745 X 1 82,745
COM
SPIEKER PPTYS INC 848497103 1,937 42,100 X 1 42,100
COM
SPRINT CORP 852061100 10,802 211,800 X 1 211,800
COM FON GROUP
SPRINT CORP 852061506 12,507 210,200 X 1 210,200
PCS COM SER 1
STAPLES INC 855030102 28 1,800 X 1 1,800
COM
STARBUCKS CORP 855244109 764 20,000 X 1 20,000
COM
PAGE TOTAL 33,340
</TABLE>
<PAGE> 55
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 52 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
STATE AUTO FINL CORP 855707105 315 26,500 X 1 26,500
COM
STATE STR CORP 857477103 3,712 35,000 X 1 35,000
COM
STEWART ENTERPRISES INC 860370105 123 34,700 X 1 34,700
CL A
STORAGE TECHNOLOGY CORP 862111200 39 3,600 X 1 3,600
COM PAR $0.10
SUMMIT BANCORP 866005101 172 7,000 X 1 7,000
COM
SUN MICROSYSTEMS INC 866810104 53,275 585,844 X 1 585,844
COM
SUNGARD DATA SYS INC 867363103 133 4,300 X 1 4,300
COM
SUPERVALU INC 868536103 59 3,100 X 1 3,100
COM
SYMANTEC CORP 871503108 54 1,000 X 1 1,000
COM
SYSCO CORP 871829107 3,490 82,843 X 1 82,843
COM
PAGE TOTAL 61,372
</TABLE>
<PAGE> 56
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 53 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
TCF FINL CORP 872275102 565 22,000 X 1 22,000
COM
TECO ENERGY INC 872375100 56 2,800 X 1 2,800
COM
TJX COS INC NEW 872540109 435 23,200 X 1 23,200
COM
TMP WORLDWIDE INC 872941109 1,292 17,500 X 1 17,500
COM
TV GUIDE INC 87307Q109 1,983 57,900 X 1 57,900
CL A
TXU CORP 873168108 106 3,600 X 1 3,600
COM
TARGET CORP 87612E106 14,210 245,000 X 1 245,000
COM
TECH DATA CORP 878237106 235 5,400 X 1 5,400
COM
TECHNE CORP 878377100 2,704 20,800 X 1 20,800
COM
TECUMSEH PRODS CO 878895200 8 200 X 1 200
CL A
PAGE TOTAL 21,594
</TABLE>
<PAGE> 57
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 54 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
TELEPHONE & DATA SYS INC 879433100 5,143 51,300 X 1 51,300
COM
TELIGENT INC 87959Y103 307 13,000 X 1 13,000
CL A
TELLABS INC 879664100 390 5,700 X 1 5,700
COM
TEMPLE INLAND INC 879868107 1,688 40,200 X 1 40,200
COM
TENET HEALTHCARE CORP 88033G100 2,813 104,200 X 1 104,200
COM
TERADYNE INC 880770102 4,461 60,700 X 1 60,700
COM
TEXACO INC 881694103 5,325 100,000 X 1 100,000
COM
TEXAS INSTRS INC 882508104 23,889 347,800 X 1 347,800
COM
TEXTRON INC 883203101 3,025 55,700 X 1 55,700
COM
TIBCO SOFTWARE INC 88632Q103 2,145 20,000 X 1 20,000
COM
PAGE TOTAL 49,186
</TABLE>
<PAGE> 58
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 55 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
TICKETMASTER ONLINE-CITYSEARCH 88633P203 33 2,100 X 1 2,100
CL B
TIFFANY & CO NEW 886547108 3,895 57,700 X 1 57,700
COM
TIME WARNER INC 887315109 26,402 347,400 X 1 347,400
COM
TIME WARNER TELECOM INC 887319101 1,931 30,000 X 1 30,000
CL A
TORCHMARK CORP 891027104 696 28,200 X 1 28,200
COM
TOSCO CORP 891490302 4,159 146,900 X 1 146,900
COM NEW
TOYS R US INC 892335100 50 3,400 X 1 3,400
COM
TRIGON HEALTHCARE INC 89618L100 500 9,700 X 1 9,700
COM
TYCO INTL LTD NEW 902124106 26,125 551,452 X 1 551,452
COM
TYSON FOODS INC 902494103 33 3,800 X 1 3,800
CL A
PAGE TOTAL 63,824
</TABLE>
<PAGE> 59
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 56 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
UAL CORP 902549500 1,455 25,000 X 1 25,000
COM PAR $0.01
UST INC 902911106 308 21,000 X 1 21,000
COM
US BANCORP DEL 902973106 1,684 87,500 X 1 87,500
COM
USA NETWORKS INC 902984103 2,351 108,696 X 1 108,696
COM
USX-U S STL 90337T101 24 1,300 X 1 1,300
COM
ULTRAMAR DIAMOND SHAMROCK CORP 904000106 943 38,000 X 1 38,000
COM
UNILEVER N V 904784709 3,463 80,543 X 1 80,543
N Y SHS NEW
UNICOM CORP 904911104 2,785 72,000 X 1 72,000
COM
UNION CARBIDE CORP 905581104 1,031 20,832 X 1 20,832
COM
UNION PAC CORP 907818108 2,914 78,369 X 1 78,369
COM
PAGE TOTAL 16,958
</TABLE>
<PAGE> 60
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 57 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
UNION PLANTERS CORP 908068109 1,185 42,400 X 1 42,400
COM
UNIONBANCAL CORP 908906100 1,865 100,500 X 1 100,500
COM
UNISYS CORP 909214108 6 400 X 1 400
COM
UNITED RENTALS INC 911363109 26 1,500 X 1 1,500
COM
UNITED STATES CELLULAR CORP 911684108 19 300 X 1 300
COM
US AIRWAYS GROUP INC 911905107 152 3,900 X 1 3,900
COM
UNITED TECHNOLOGIES CORP 913017109 14,389 244,400 X 1 244,400
COM
UNITEDHEALTH GROUP INC 91324P102 11,268 131,400 X 1 131,400
COM
UNIVISION COMMUNICATIONS INC 914906102 4,823 46,600 X 1 46,600
CL A
UNUMPROVIDENT CORP 91529Y106 690 34,408 X 1 34,408
COM
PAGE TOTAL 34,423
</TABLE>
<PAGE> 61
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 58 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
VALASSIS COMMUNICATIONS INC 918866104 740 19,400 X 1 19,400
COM
VALERO ENERGY CORP NEW 91913Y100 2,019 63,588 X 1 63,588
COM
VASTAR RES INC 922380100 1,150 14,000 X 1 14,000
COM
VERISIGN INC 92343E102 106 600 X 1 600
COM
VERITAS SOFTWARE CO 923436109 37,661 333,237 X 1 333,237
COM
VIACOM INC 925524100 3,556 52,000 X 1 52,000
CL A
VIACOM INC 925524308 18,832 276,187 X 1 276,187
CL B
VIASYSTEMS GROUP INC 92553H100 32 2,000 X 1 2,000
COM
VISIBLE GENETICS INC 92829S104 812 18,000 X 1 18,000
COM
VISHAY INTERTECHNOLOGY INC 928298108 1,366 36,000 X 1 36,000
COM
PAGE TOTAL 66,274
</TABLE>
<PAGE> 62
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 59 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
VISTEON CORP 92839U107 424 34,958 X 1 34,958
COM
VISX INC DEL 92844S105 48 1,700 X 1 1,700
COM
VODAFONE AIRTOUCH PLC 92857T107 4,338 104,690 X 1 104,690
SPONSORED ADR
VOICESTREAM WIRELESS CORP 928615103 2,897 24,908 X 1 24,908
COM
VULCAN MATLS CO 929160109 3,825 89,600 X 1 89,600
COM
WACHOVIA CORP 929771103 71 1,300 X 1 1,300
COM
WAL MART STORES INC 931142103 51,419 892,300 X 1 892,300
COM
WALGREEN CO 931422109 4,110 127,700 X 1 127,700
COM
WASHINGTON MUT INC 939322103 4,736 164,000 X 1 164,000
COM
WASTE MGMT INC DEL 94106L109 665 35,000 X 1 35,000
COM
PAGE TOTAL 72,533
</TABLE>
<PAGE> 63
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 60 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
WEATHERFORD INTL INC 947074100 796 20,000 X 1 20,000
COM
WELLPOINT HEALTH NETWORK NEW 94973H108 4,439 61,275 X 1 61,275
COM
WELLS FARGO & CO NEW 949746101 8,770 226,319 X 1 226,319
COM
WENDYS INTL INC 950590109 64 3,600 X 1 3,600
COM
WESTERN WIRELESS CORP 95988E204 7,789 142,912 X 1 142,912
CL A
WESTVACO CORP 961548104 422 17,000 X 1 17,000
COM
WEYERHAEUSER CO 962166104 2,494 58,000 X 1 58,000
COM
WHIRLPOOL CORP 963320106 2,286 49,037 X 1 49,037
COM
WILLAMETTE INDS INC 969133107 545 20,000 X 1 20,000
COM
WILLIAMS COMMUNICATIONS GROUP 969455104 1,092 32,900 X 1 32,900
CL A
PAGE TOTAL 28,697
</TABLE>
<PAGE> 64
1 F O R M 1 3 F JUN 30 2 0 0 0
PAGE 61 NAME OF REPORTING MANAGER = GTE INVESTMENT MANAGEMENT CORPORATION
<TABLE>
<CAPTION>
ITEM 1 = ITEM 3 = ITEM 4 = ITEM 5 = ITEM 6 = ITEM 7= ITEM 8 =
ITEM 2 =
INVESTMENT DISCR. VOTING AUTHORITY
NAME OF ISSUER CUSIP FAIR MARKET SHARES OR A B C MANAGER A-SOLE B-SHARED C-NONE
TITLE OF CLASS NUMBER VALUE PRINCIPAL SOLE SHARED SHARED
(X $1000) AMOUNT OTHER
<S> <C> <C> <C> <C> <C> <C>
WILLIAMS COS INC DEL 969457100 1,251 30,000 X 1 30,000
COM
WINN DIXIE STORES INC 974280109 7 500 X 1 500
COM
WINSTAR COMMUNICATIONS INC 975515107 559 16,500 X 1 16,500
COM
WISCONSIN ENERGY CORP 976657106 2,649 133,700 X 1 133,700
COM
WORLDCOM INC GA NEW 98157D106 30,518 665,250 X 1 665,250
COM
WRIGLEY WM JR CO 982526105 962 12,000 X 1 12,000
COM
XILINX INC 983919101 9,883 119,700 X 1 119,700
COM
XEROX CORP 984121103 1,042 50,200 X 1 50,200
COM
YAHOO INC 984332106 7,433 60,000 X 1 60,000
COM
ZALE CORP NEW 988858106 913 25,000 X 1 25,000
COM
PAGE TOTAL 55,217
GRAND TOTAL 3,077,015
</TABLE>
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