ESTABROOK CAPITAL MANAGEMENT INC
13F-HR, 2000-01-26
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 13F

FORM 13F COVER PAGE

Report for the Quarter Ended December 31, 1999

Check here if Amendment                  [  ]; Amendment Number:
This Amendment (check only one):    [  ]  is a restatement.
                          [  ]  adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:          Estabrook Capital Management LLP
Address:       430 Park Avenue, Suite 1800
          New York, NY 10022

13F File Number:  028-03595

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:     Roy Y. Williamson
Title:    Director
Phone:    212 310-1133

Signature, Place, and Date of Signing:

Roy Y. Williamson   New York, NY   January 26, 2000

Report Type (Check only one.):

[X]  13F HOLDINGS REPORT
[  ] 13F NOTICE
[  ] 13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:  None

I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: None
Form 13F Information Table Entry Total:  221
Form 13F Information Table Value Total: $1,969,704

List of Other Included Managers:  N/A
<PAGE>
<TABLE>                       <C>          <C>                      <C>
<C>                 <C>   <C>     <C>            <C>      <C>     <C>
FORM 13F INFORMATION TABLE
<CAPTION>

                       Titl   Cusip  Value  Shares  Sh Put Inves      Oth Votin
                      e of                    /     / /    tmt       er  g
                                                                         Autho
                                                                         rity
                                                                         (Shar
                                                                         es)
    Name of Issuer     Clas          (x$100  Prin   Pr Cal Dscre Mgr  Mgr Sole   Shar    None
                      s               0)     Amt   in l    tn         s          ed
    <S>                <C>   <C>     <C>    <C>         <C>            <C> <C>
D   ABBOTT LABS        COM   0028241   5284  145527 SH      Sole   01       19900   0   125627
                            00
D   AFLAC INC          COM   0010551    649   13750 SH      Sole   01         800   0    12950
                            02
D   AIR PRODS & CHEMS  COM   0091581    300    8928 SH      Sole   01           0   0     8928
    INC                     06
D   ALCOA INC          COM   0138171    409    4930 SH      Sole   01           0   0     4930
                            01
D   ALLIED IRISH BKS   COM   0192284    221   10446 SH      Sole   01           0   0    10446
    P L                     02
D   ALLSTATE CORP      COM   0200021   4473  185876 SH      Sole   01       18664   0   167212
                            01
D   ALZA CORP          COM   0226151   4107  118617 SH      Sole   01       14000   0   104617
                            08
D   AMERICA ONLINE     COM   02364J1   2109   27794 SH      Sole   01       20000   0     7794
    INC                     04
D   AMERICAN EXPRESS   COM   0258161   1510    9085 SH      Sole   01        1350   0     7735
    CO                      09
D   AMERICAN HOME      COM   0266091  31088  792050 SH      Sole   01       13108   0   660961
    PRODS C                 07                                                9
D   AMERICAN INTL      COM   0268741   8852   81869 SH      Sole   01        8572   0    73297
    GROUP I                 07
D   ANADARKO PETE      COM   0325111    498   14600 SH      Sole   01           0   0    14600
    CORP                    07
D   APCO ARGENTINA     COM   0374891   1656   54300 SH      Sole   01       11700   0    42600
    INC                     01
D   ASCENT ASSURN INC  COM   04362N1     26   14724 SH      Sole   01           0   0    14724
                            03
D   AT & T CORP.       COM   0019571  44654  878803 SH      Sole   01       10535  500  772948
                            09                                                5
D   ATLANTIC           COM   0488251    571    6597 SH      Sole   01         200   0     6397
    RICHFIELD CO            03
D   AUTOMATIC DATA     COM   0530151   3589   66625 SH      Sole   01        3275   0    63350
    PROCES                  03
D   AVON PRODUCTS INC  COM   0543031   2069   62690 SH      Sole   01        2315   0    60375
                            02
D   BAIRNCO CORP       COM   0570971    203   33850 SH      Sole   01           0   0    33850
                            07
D   BAKER HUGHES INC   COM   0572241    276   13082 SH      Sole   01           0   0    13082
                            07
D   BANK NEW YORK INC  COM   0640571  47796  119491 SH      Sole   01       20743  700  986776
                            02                   1                            5
D   BANK OF AMERICA    COM   0605051  32660  650767 SH      Sole   01       12135   0   529408
                            04                                                9
D   BANK ONE CORP      COM   06423A1    324   10129 SH      Sole   01           0   0    10129
                            03
D   BANKATLANTIC BNC   CNV   065908A    216  358000 SH      Sole   01           0   0   358000
    CV 5                    C9
D   BANKNORTH GROUP    COM   06646L1    327   12234 SH      Sole   01           0   0    12234
    INC D                   00
D   BARD C R INC N J   COM   0673831    546   10300 SH      Sole   01         780   0     9520
                            09
D   BB&T CORPORATION   COM   0549371    255    9300 SH      Sole   01        1300   0     8000
                            07
D   BELL ATLANTIC      COM   0778531   4292   69719 SH      Sole   01         880   0    68839
    CORP                    09
D   BELLSOUTH CORP     COM   0798601   2866   61225 SH      Sole   01        4080   0    57145
                            02
D   BELO A H CORP      COM   0805551   1365   71618 SH      Sole   01           0   0    71618
                            05
D   BERKSHIRE          COM   0846701    393       7 SH      Sole   01           0   0        7
    HATHAWAY IN             08
D   BERKSHIRE          COM   0846702    454     248 SH      Sole   01          31   0      217
    HATHAWAY IN             07
D   BESTFOODS          COM   08658U1    485    9230 SH      Sole   01        3500   0     5730
                            01
D   BJS WHSL CLUB INC  COM   05548J1   1278   35000 SH      Sole   01           0   0    35000
                            06
D   BLACK & DECKER     COM   0917971    322    6158 SH      Sole   01           0   0     6158
    CORP.                   00
D   BOEING CO          COM   0970231   1691   40804 SH      Sole   01           0   0    40804
                            05
D   BOWATER INC        COM   1021831    293    5400 SH      Sole   01           0   0     5400
                            00
D   BP AMOCO ADS       COM   0556221   2778   46841 SH      Sole   01           0   0    46841
                            04
D   BRIGGS & STRATTON  COM   1090431    204    3800 SH      Sole   01        1900   0     1900
    COR                     09
D   BRISTOL MYERS      COM   1101221  35085  546597 SH      Sole   01       12684   0   419757
    SQUIBB                  08                                                0
D   BURLINGTON NORTHN  COM   12189T1  11740  484115 SH      Sole   01       95350   0   388765
    SAN                     04
D   BURLINGTON         COM   1220141   3541  107099 SH      Sole   01       35202   0    71897
    RESOURCES               03
D   CAMPBELL SOUP CO   COM   1344291    251    6500 SH      Sole   01        3100   0     3400
                            09
D   CARDINAL HEALTH    COM   14149Y1   5035  105163 SH      Sole   01        1462   0   103701
    INC.                    08
D   CHASE MANHATTAN    COM   16161A1   4299   55333 SH      Sole   01         650   0    54683
    CORPO                   08
D   CHEVRON CORP       COM   1667511  35220  406580 SH      Sole   01       56877   0   349703
                            07
D   CHITTENDEN CORP    COM   1702281  21481  725113 SH      Sole   01       13454   0   590568
                            00                                                5
D   CINTAS CORP        COM   1729081   5660  106542 SH      Sole   01           0   0   106542
                            05
D   CISCO SYS INC      COM   17275R1  44549  415863 SH      Sole   01       19474  350  396039
                            02
D   CITIGROUP INC.     COM   1729671  58210  104530 SH      Sole   01       14774  600  896962
                            01                   3                            1
D   CLOROX CO          COM   1890541    768   15247 SH      Sole   01        1815   0    13432
                            09
D   COCA COLA CO       COM   1912161   5532   94963 SH      Sole   01       13100   0    81863
                            00
D   COLGATE PALMOLIVE  COM   1941621   1244   19145 SH      Sole   01        8290   0    10855
    CO                      03
D   COMMUNITY SVGS     COM   2040371    994   79157 SH      Sole   01           0   0    79157
    BNKSHS                  05
D   COMPAQ COMPUTER    COM   2044931    872   32220 SH      Sole   01        1900   0    30320
    CORP                    00
D   COMPUTER ASSOC     COM   2049121    200    2865 SH      Sole   01           0   0     2865
    INTL I                  09
D   CONTINENTAL AIRLS  COM   2107953    444   10000 SH      Sole   01           0   0    10000
    INC                     08
D   CORNING INC        COM   2193501   2343   18170 SH      Sole   01        1700   0    16470
                            05
D   CSX CORP           COM   1264081    475   15155 SH      Sole   01           0   0    15155
                            03
D   DAIMLERCHRYSLER    COM   D1668R1    225    2889 SH      Sole   01           0   0     2889
    AG OR                   23
D   DAYTON HUDSON      COM   2397531    461    6275 SH      Sole   01        1900   0     4375
    CORP                    06
D   DELL COMPUTER      COM   2470251    542   10620 SH      Sole   01           0   0    10620
    CORP                    09
D   DEVRY INC          COM   2518931    488   26000 SH      Sole   01           0   0    26000
                            03
D   DISNEY (WALT)      COM   2546871    208    7111 SH      Sole   01        2400   0     4711
    PRODUCT                 06
D   DOVER CORP         COM   2600031  18969  418057 SH      Sole   01       77575   0   340482
                            08
D   DOW CHEMICAL CORP  COM   2605431    514    3845 SH      Sole   01         865   0     2980
                            03
D   DU PONT E I DE     COM   2635341   1509   22912 SH      Sole   01        3100   0    19812
    NEMOUR                  09
D   DUKE ENERGY CORP   COM   2643991    903   18021 SH      Sole   01        1500   0    16521
                            06
D   DUKE RLTY INVTS    COM   2644115    296   15200 SH      Sole   01           0   0    15200
    INC N                   05
D   DUN & BRADSTREET   COM   26483B1   4294  145550 SH      Sole   01       40200   0   105350
    CORP                    06
D   E M C CORP MASS    COM   2686481  33524  306852 SH      Sole   01        2900  400  303552
                            02
D   EASTMAN KODAK      COM   2774611   7748  116944 SH      Sole   01       24100   0    92844
                            09
D   EL PASO ENERGY     COM   2839051    313    8062 SH      Sole   01           0   0     8062
    CORP D                  07
D   ELAN PLC ADR       COM   2841312    274    9300 SH      Sole   01           0   0     9300
                            08
D   EMERSON ELEC CO    COM   2910111   4960   86456 SH      Sole   01        8390   0    78066
                            04
D   ENRON CORP         COM   2935611    616   13872 SH      Sole   01           0   0    13872
                            06
D   ENTERGY CORP NEW   COM   29364G1    322   12500 SH      Sole   01           0   0    12500
                            03
D   ERICSSON L M TEL   COM   2948214    512    7800 SH      Sole   01         600   0     7200
    CO A                    00
D   EXXON MOBIL        COM   30231G1  36217  449550 SH      Sole   01       61857   0   387692
    CORPORATI               02
D   FDX CORPORATION    COM   31304N1   7670  187370 SH      Sole   01         350   0   187020
                            07
D   FEDERAL NAT        COM   3135861    289    4635 SH      Sole   01           0   0     4635
    MORTGAGE                09
D   FIRST ALBANY COS   COM   3184651    211   14640 SH      Sole   01           0   0    14640
    INC                     01
D   FIRST UNION CORP   COM   3373581   1788   54285 SH      Sole   01       14772   0    39513
                            05
D   FLEETBOSTON        COM   3390301    717   20595 SH      Sole   01        2820   0    17775
    FINANCIAL               08
D   FLEETWOOD          COM   3390991    212   10300 SH      Sole   01           0   0    10300
    ENTERPRISES             03
D   FLORIDA ROCK INDS  COM   3411401  28800  836297 SH      Sole   01       17120   0   665095
    INC                     01                                                2
D   FORD MOTOR         COM   3453701   1461   27407 SH      Sole   01        4010   0    23397
                            00
D   FRP PPTYS INC      COM   30262E1   6676  284085 SH      Sole   01       85000   0   199085
                            09
D   GANNETT INC DEL    COM   3647301   1455   17835 SH      Sole   01         635   0    17200
                            01
D   GARTNER GROUP INC  COM   3666512    291   21084 SH      Sole   01        4985   0    16099
    NEW                     06
D   GENERAL ELECTRIC   COM   3696041 101309  654661 SH      Sole   01       97782  200  556679
    COMP                    03
D   GENERAL MOTORS     COM   3704428   1313   13674 SH      Sole   01           0   0    13674
    CLASS                   32
D   GENERAL MTRS CORP  COM   3704421    317    4357 SH      Sole   01         100   0     4257
                            05
D   GENLYTE GROUP INC  COM   3723021   5120  239550 SH      Sole   01       49500   0   190050
                            09
D   GENUINE PARTS CO   COM   3724601    229    9210 SH      Sole   01        1510   0     7700
                            05
D   GEORGIA PAC CORP   COM   3732981   4162   82002 SH      Sole   01         200   0    81802
                            08
D   GILLETTE CO        COM   3757661    934   22670 SH      Sole   01        2140   0    20530
                            02
D   GLAXO PLC          COM   37733W1   1110   19870 SH      Sole   01           0   0    19870
                            05
D   GLOBAL CROSSING    COM   G3921A1    231    4615 SH      Sole   01           0   0     4615
    LTD                     00
D   GRAINGER W W INC   COM   3848021    385    8058 SH      Sole   01        1208   0     6850
                            04
D   GTE CORP           COM   3623201   1698   24062 SH      Sole   01         525   0    23537
                            03
D   GUIDANT CORP       COM   4016981    852   18138 SH      Sole   01        5288   0    12850
                            05
D   GULFMARK OFFSHORE  COM   4026291  22506  153884 SH      Sole   01       33968   0   119916
    INC                     09                   8                            6            2
D   HALLIBURTON CO     COM   4062161    301    7482 SH      Sole   01         760   0     6722
                            01
D   HEINZ H J CO       COM   4230741   7876  197816 SH      Sole   01       31480   0   166336
                            03
D   HERSHEY FOODS      COM   4278661    358    7550 SH      Sole   01         600   0     6950
    CORP                    08
D   HEWLETT PACKARD    COM   4282361  95415  838813 SH      Sole   01       13644  200  702164
    CO                      03                                                9
D   HOLLINGER INTL     COM   4355691    194   15000 SH      Sole   01           0   0    15000
    INC CL                  08
D   HOME DEPOT INC     COM   4370761   2584   37580 SH      Sole   01       21292   0    16288
                            02
D   HONEYWELL          COM   4385161  62072  107599 SH      Sole   01       19045  200  885341
    INTERNATION             06                   8                            7
D   HUDSON UTD         COM   4441651    413   16149 SH      Sole   01           0   0    16149
    BANCORP                 04
D   IMS HEALTH INC     COM   4499341   8209  301940 SH      Sole   01       50960   0   250980
                            08
D   INGERSOLL RAND CO  COM   4568661    279    5060 SH      Sole   01           0   0     5060
                            02
D   INTEL CORP         COM   4581401  77802  945202 SH      Sole   01       12988  300  815022
                            00                                                0
D   INTERNATIONAL      COM   4592001  15154  140479 SH      Sole   01       16282   0   124197
    BUSINES                 01
D   INTERNATIONAL      COM   4601461    636   11271 SH      Sole   01           0   0    11271
    PAPER C                 03
D   JOHNSON & JOHNSON  COM   4781601  40440  433672 SH      Sole   01       77152   0   356520
                            04
D   KAYDON CORP        COM   4865871  23713  884400 SH      Sole   01       17847   0   705921
                            08                                                9
D   KEYSPAN CORP       COM   49337W1    936   40352 SH      Sole   01       19000   0    21352
                            00
D   KIMBERLY CLARK     COM   4943681    885   13527 SH      Sole   01         400   0    13127
    CORP                    03
D   KONINKLIJKE        COM   5004722    375    2778 SH      Sole   01           0   0     2778
    PHILIPS E               04
D   LEHMAN BROS HLDGS  COM   5249081    266    3145 SH      Sole   01         500   0     2645
    INC                     00
D   LILLY ELI & CO     COM   5324571  33804  508336 SH      Sole   01       11770   0   390629
                            08                                                7
D   LOCKHEED MARTIN    COM   5398301    276   12612 SH      Sole   01           0   0    12612
    CORP                    09
D   LOWES CO           COM   5486611    327    5475 SH      Sole   01         550   0     4925
                            07
D   LUCENT             COM   5494631  34451  459350 SH      Sole   01       50329  100  408921
    TECHNOLOGIES I          07
D   MARCONI PLC        COM   5663061    264   15000 SH      Sole   01           0   0    15000
                            06
D   MARSH MCLENNAN     COM   5717481   2444   25545 SH      Sole   01        1025   0    24520
                            02
D   MASCO CORP         COM   5745991    929   36600 SH      Sole   01           0   0    36600
                            06
D   MCCORMICK & CO     COM   5797802    281    9450 SH      Sole   01           0   0     9450
    INC                     06
D   MCDONALDS CORP     COM   5801351    825   20466 SH      Sole   01           0   0    20466
                            01
D   MCGRAW HILL INC    COM   5806451   2975   48271 SH      Sole   01       10360   0    37911
                            09
D   MCI WORLDCOM       COM   55268B1  13907  262090 SH      Sole   01       10523   0   251567
                            06
D   MEAD CORP          COM   5828341    321    7400 SH      Sole   01           0   0     7400
                            07
D   MEDIAONE GROUP     COM   58440J1   1000   13022 SH      Sole   01           0   0    13022
    INC                     04
D   MEDIAONE GROUP     PFR   58440J2    484    3482 SH      Sole   01           0   0     3482
    INC PF                  03
D   MEDTRONIC INC      COM   5850551    964   26456 SH      Sole   01        3468   0    22988
                            06
D   MELLON FINL CORP   COM   58551A1   1618   47495 SH      Sole   01           0   0    47495
                            08
D   MERCK & CO         COM   5893311  39798  592337 SH      Sole   01       13209   0   460243
                            07                                                4
D   MERIT MED SYS INC  COM   5898891    621   85624 SH      Sole   01           0   0    85624
                            04
D   MESABI TR CTF BEN  COM   5906721     40   13000 SH      Sole   01       13000   0        0
    INT                     01
D   MICROSOFT CORP     COM   5949181   5680   48652 SH      Sole   01        7682   0    40970
                            04
D   MILLENNIUM         COM   5999031    336   17000 SH      Sole   01           0   0    17000
    CHEMICALS               01
D   MINNESOTA MNG &    COM   6040591   2995   30605 SH      Sole   01        1575   0    29030
    MFG C                   05
D   MORGAN J.P. & CO   COM   6168801  16538  130609 SH      Sole   01       17040   0   113569
    INC                     00
D   MORGAN STANLEY     COM   6174464  15460  108302 SH      Sole   01       10200   0    98102
    DEAN W                  48
D   MOTOROLA INC       COM   6200761  23039  156460 SH      Sole   01       26300   0   130160
                            09
D   NEWELL RUBBERMAID  COM   6512291    297   10237 SH      Sole   01         100   0    10137
    INC                     06
D   NOBLE DRILLING     COM   6550421   2274   69450 SH      Sole   01        1100   0    68350
    CORP                    09
D   NOKIA CORP         COM   6549022 111217  582096 SH      Sole   01       86270   0   495826
    SPONSORED               04
D   NORTEL NETWORKS    COM   6565691   5830   57720 SH      Sole   01       11220   0    46500
    CORP                    00
D   NORTH FORK         COM   6594241    375   21600 SH      Sole   01         600   0    21000
    BANCORP IN              05
D   NORTHROP GRUMMAN   COM   6668071    428    7920 SH      Sole   01           0   0     7920
    CORP                    02
D   OMNICOM GROUP      COM   6819191   1200   12000 SH      Sole   01           0   0    12000
                            06
D   ORACLE SYS CORP    COM   68389X1    500    8930 SH      Sole   01         600   0     8330
                            05
D   P P & L RES INC    COM   6934991    417   18250 SH      Sole   01           0   0    18250
                            05
D   PACIFICORP         COM   6951141    203   10100 SH      Sole   01           0   0    10100
                            08
D   PAMRAPO BANCORP    COM   6977381    267   12000 SH      Sole   01           0   0    12000
    INC                     02
D   PAYCHEX INC        COM   7043261    543   13570 SH      Sole   01        2020   0    11550
                            07
D   PENN TREATY        CNV   707874A    250  250000 SH      Sole   01           0   0   250000
    AMERICAN                B9
D   PEPSI BOTTLING     COM   7134091    166   10000 SH      Sole   01           0   0    10000
    GROUP                   00
D   PEPSICO INC        COM   7134481   1219   34574 SH      Sole   01        4170   0    30404
                            08
D   PFIZER INC         COM   7170811  20700  638151 SH      Sole   01       16580  600  620971
                            03
D   PHARMACIA &        COM   7169411    682   15150 SH      Sole   01           0   0    15150
    UPJOHN, I               09
D   PHILLIPS PETE CO   COM   7185071  23733  504962 SH      Sole   01       11978   0   385179
                            06                                                3
D   PITNEY BOWES INC   COM   7244791  16643  344494 SH      Sole   01       29680   0   314814
                            00
D   PNC BANK CORP      COM   6934751  35687  801959 SH      Sole   01       19150   0   610456
                            05                                                3
D   PPG INDS INC       COM   6935061    738   11800 SH      Sole   01           0   0    11800
                            07
D   PRAXAIR INC        COM   74005P1   1914   38050 SH      Sole   01        6500   0    31550
                            04
D   PROCTER & GAMBLE   COM   7427181   4242   38720 SH      Sole   01        1795   0    36925
    CO                      09
D   QUALCOMM INC       COM   7475251    986    5600 SH      Sole   01         500   0     5100
                            03
D   QWEST              COM   7491211    331    7692 SH      Sole   01           0   0     7692
    COMMUNICATIONS          09
D   R & B FALCON CORP  COM   74912E1   2502  188865 SH      Sole   01       63800   0   125065
                            01
D   REGIONS FINL CORP  COM   7589401    625   24882 SH      Sole   01           0   0    24882
                            00
D   RENAISSANCERE      COM   G7496G1   5246  128345 SH      Sole   01       17540   0   110805
    HLDGS L                 03
D   ROHM & HAAS CO     COM   7753711    325    7979 SH      Sole   01           0   0     7979
                            07
D   ROYAL DUTCH PETRO- COM   7802578  32270  532845 SH      Sole   01       73389  400  459056
    NY                      04
D   SARA LEE CORP      COM   8031111    604   27370 SH      Sole   01       16360   0    11010
                            03
D   SBC                COM   78387G1   5558  114003 SH      Sole   01        4594   0   109409
    COMMUNICATIONS, I       03
D   SCHERING PLOUGH    COM   8066051   7690  181476 SH      Sole   01       50136   0   131340
    CORP                    01
D   SCHLUMBERGER       COM   8068571  33202  591574 SH      Sole   01       64500  350  526724
                            08
D   SEARS ROEBUCK &    COM   8123871   7857  258663 SH      Sole   01       50480   0   208183
    CO                      08
D   SONOCO PRODUCTS    COM   8354951  12146  533875 SH      Sole   01       10269   0   431184
                            02                                                1
D   SOUTHERN CO        COM   8425871    302   12839 SH      Sole   01           0   0    12839
                            07
D   SOUTHTRUST CORP    COM   8447301    305    8075 SH      Sole   01           0   0     8075
                            01
D   SPRINT CORP        COM   8520611    482    7160 SH      Sole   01         800   0     6360
                            00
D   SPX CORP           COM   7846351    462    5713 SH      Sole   01           0   0     5713
                            04
D   STAPLES INC        COM   8550301    350   16861 SH      Sole   01        1500   0    15361
                            02
D   STATE STREET CORP  COM   8574771    448    6133 SH      Sole   01           0   0     6133
                            03
D   STRYKER CORP       COM   8636671   1223   17560 SH      Sole   01         760   0    16800
                            01
D   SUMMIT BANCORP     COM   8660051    276    9000 SH      Sole   01        1000   0     8000
                            01
D   SUN MICROSYSTEM    COM   8668101 128412  165827 SH      Sole   01       23151  600  142615
    INC                     04                   0                            9            1
D   SYSCO CORP         COM   8718291   2675   67619 SH      Sole   01       19750   0    47869
                            07
D   TANDY CORP         COM   8753821    818   16626 SH      Sole   01           0   0    16626
                            03
D   TELEFONICA DE      COM   8793822  14763  187314 SH      Sole   01         235  510  186570
    ESPANA                  08
D   TEMPLE INLAND INC  COM   8798681    857   13000 SH      Sole   01         200   0    12800
                            07
D   TERADYNE INC       COM   8807701    845   12800 SH      Sole   01           0   0    12800
                            02
D   TERRA NOVA         COM   G876151    900   30000 SH      Sole   01           0   0    30000
    BERMUDA HL              03
D   TEXACO INC         COM   8816941   9639  177465 SH      Sole   01       21200   0   156265
                            03
D   TEXAS INSTRUMENTS  COM   8825081   1072   11091 SH      Sole   01           0   0    11091
    INC                     04
D   TEXTRON INC        COM   8832031    335    4374 SH      Sole   01           0   0     4374
                            01
D   TIDEWATER INC      COM   8864231    475   13200 SH      Sole   01         200   0    13000
                            02
D   TIME WARNER INC    COM   8873151    296    4100 SH      Sole   01           0   0     4100
                            09
D   TRANSOCEAN SEDCO   COM   G900781   3865  114731 SH      Sole   01       12482  68   102181
    FORE                    09
D   TRW INC            COM   8726491  18757  361149 SH      Sole   01       87210   0   273939
                            08
D   TYCO INTL LTD NEW  COM   9021241   2506   64260 SH      Sole   01           0   0    64260
                            06
D   UNION PAC CORP     COM   9078181  13683  313209 SH      Sole   01       57100   0   256109
                            08
D   UNION PAC RES      COM   9078341    639   50095 SH      Sole   01           0   0    50095
    GROUP I                 05
D   UNITED             COM   9130171  33727  518877 SH      Sole   01       10665   0   412219
    TECHNOLOGIES C          09                                                8
D   UNOCAL CORP        COM   9152891   1875   55855 SH      Sole   01        4050   0    51805
                            02
D   WAL MART STORES    COM   9311421   2948   42654 SH      Sole   01        2185   0    40469
    INC                     03
D   WALGREEN CO        COM   9314221    904   30900 SH      Sole   01       20300   0    10600
                            09
D   WARNER LAMBERT CO  COM   9344881   1321   16117 SH      Sole   01        1980   0    14137
                            07
D   WEATHERFORD        COM   9470741  44632  111753 SH      Sole   01       26018   0   857353
    INTERNATI               00                   8                            5
D   WELLS FARGO NEW    COM   9497461   1048   25911 SH      Sole   01         220   0    25691
                            01
D   WENDYS             COM   9505901  19399  932070 SH      Sole   01       20636   0   725701
    INTERNATIONAL           09                                                9
D   WEYERHAEUSER CO    COM   9621661    497    6919 SH      Sole   01           0   0     6919
                            04
D   WRIGLEY WM JR CO   COM   9825261   1361   16405 SH      Sole   01        1075   0    15330
                            05
D   XEROX CORP         COM   9841211  29087  128209 SH      Sole   01       22275   0   105933
                            03                   1                            7            4
D   XL CAPITAL LTD.    COM   G982551    392    7556 SH      Sole   01        2041   0     5515
                            05
D   YAHOO INC          COM   9843321    312     720 SH      Sole   01           0   0      720
                            06

    TOTAL                            196970
                                         4



</TABLE>


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