UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
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: Mitchell A. Danaher
Title: Assistant Comptroller
Phone: (203) 373-3563
13F File Number: 28-01502
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: Mitchell A. Danaher
Title: Assistant Comptroller
Phone: (203) 373-3563
Signature, Place, and Date of Signing:
Mitchell A. Danaher Fairfield, CT 06431 February 16, 2000
- ------------------- ------------- ----- -----------------
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: 01
Form 13F Information Table Entry Total: 422
Form 13F Information Table Value Total: $6488509
(thousands)
List of Other Included Managers:
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
13F File No.: Name:
01 Employers Reinsurance Corporate
<TABLE>
FROM 13F INFORMATION TABLE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
TEEKAY SHIPPING COM V89564104 300 20000 SH SOLE 20000
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1382 29100 SH SOLE 29100
GLOBALSTAR COM G3930H104 187974 7751510 SH SOLE 7751510
BANK OF BERMUDA COM G07644100 241 7650 SH SOLE 7650
AT&T CORPORATION COM 001957109 1207 22991 SH SOLE 22991
ABBOTT LABORATORIES COM 002824100 927 25000 SH SOLE 25000
ABERCROMBIE & FITCH COM 002896207 1135 45400 SH SOLE 45400
AC NIELSEN CORP COM 004833109 908 40462 SH SOLE 40462
ACTIVISION, INC. COM 004930202 190 12380 SH SOLE 12380
ACXIOM CORPORATION COM 005125109 768 32500 SH SOLE 32500
AETNA INC COM 008117103 2579 47600 SH SOLE 47600
ALBERTSON'S INC COM 013104104 2088 65000 SH SOLE 65000
ALLEGIANCE TELECOM INC COM 01747T102 1063 13612 SH SOLE 13612
ALLERGAN INC COM 018490102 1887 37600 SH SOLE 37600
ALLOY ONLINE COM 019855105 566 36400 SH SOLE 36400
ALLSTATE CORP COM 020002101 430 17500 SH SOLE 17500
ALTERA CORPORATION COM 021441100 2004 39200 SH SOLE 39200
ALTEON WEBSYSTEMS COM 02145A109 103870 1251450 SH SOLE 1251450
AMAZON.COM, INC COM 023135106 2835 31500 SH SOLE 31500
AMERICA ONLINE INC COM 02364J104 16266 200500 SH SOLE 200500
AMERICA WEST COM 023657203 433 20892 SH SOLE 20892
AMERICAN EXPRESS COM 025816109 1035 6500 SH SOLE 6500
AMERICAN INTL GROUP COM 026874107 2697 24633 SH SOLE 24633
AMGEN INC COM 031162100 4936 91100 SH SOLE 91100
ANALOG DEVICES INC COM 032654105 4606 56602 SH SOLE 56602
ANHEUSER-BUSCH COS INC COM 035229103 2356 35000 SH SOLE 35000
ANNTAYLOR STORES CORP COM 036115103 1214 35500 SH SOLE 35500
AIMCO COM 03748R101 1860 46728 SH SOLE 46728
AON CORP COM 037389103 1003 25000 SH SOLE 25000
APPLE COMPUTER INC COM 037833100 1490 14400 SH SOLE 14400
APPLIED MATERIALS COM 038222105 1997 16422 SH SOLE 16422
ARCHSTONE CMNTYS TR PFD 039581202 2376 88000 SH SOLE 88000
ASSOCIATES FIRST CAPITAL COM 046008108 456 16000 SH SOLE 16000
ATLANTIC GULF COMMUNITIES CORP COM 048556104 10 20395 SH SOLE 20395
AUTOBYTEL.COM COM 05275N106 39145 1825828 SH SOLE 1825828
AVERY DENNISON CORP COM 053611109 342 5000 SH SOLE 5000
AVNET INC COM 053807103 318 5827 SH SOLE 5827
AVON PRODUCTS INC COM 054303102 1072 32844 SH SOLE 32844
BJ WHOLESALE CLUB COM 05548J106 1768 49900 SH SOLE 49900
BANK OF AMERICA CORP COM 060505104 2533 51308 SH SOLE 51308
BANK OF NEW YORK CO INC COM 064057102 992 25000 SH SOLE 25000
BANK ONE CORP COM 06423A103 2682 81900 SH SOLE 81900
BAXTER INTERNATIONAL INC COM 071813109 532 8500 SH SOLE 8500
BEA SYSTEMS INC COM 073325102 1034 14600 SH SOLE 14600
BELL ATLANTIC CORP COM 077853109 3071 48034 SH SOLE 48034
BERKSHIRE HATWY COM 084670108 2862 53 SH SOLE 53
BLUESTONE SOFTWARE COM 09623P102 324686 2607914 SH SOLE 2607914
BREAKAWAY SOLUTIONS COM 106372105 40630 615611 SH SOLE 615611
BRISTOL-MYERS SQUIBB CO COM 110122108 1267 19000 SH SOLE 19000
BURLINGTON NORTHERN SANTA FE COM 12189T104 796 33254 SH SOLE 33254
BURLINGTON RESOURCES COM 122014103 1271 40200 SH SOLE 40200
CABLETRON SYSTEMS COM 126920107 2937 109800 SH SOLE 109800
CAREER BUILDER COM 141684100 5734 917431 SH SOLE 917431
CAREMARK RX INC COM 141705103 1047 232700 SH SOLE 232700
CHAMPION INTERNATIONAL COM 158525105 1819 30381 SH SOLE 30381
CHARTER ONE FINANCIAL INC COM 160903100 631 33100 SH SOLE 33100
CHASE MANHATTAN CORP NEW COM 16161A108 5820 75100 SH SOLE 75100
CHECKFREE HOLDINGS CORP COM 162816102 423 4300 SH SOLE 4300
CIRCUIT CITY STORES COM 172737108 1289 30500 SH SOLE 30500
CISCO SYSTEMS COM 17275R102 1852 17736 SH SOLE 17736
CINTAS CORP COM 172908105 1395 27620 SH SOLE 27620
CITIGROUP INC COM 172967101 8696 155279 SH SOLE 155279
COASTAL CORP COM 190441105 1024 29900 SH SOLE 29900
COMMERCE ONE COM 200693109 486131 2315598 SH SOLE 2315598
COMVERSE TECHNOLOGY INC COM 205862402 2802 21350 SH SOLE 21350
CONOCO INC COM 208251306 502 22000 SH SOLE 22000
CONSOLIDATED NATURAL GAS COM 209615103 1131 17500 SH SOLE 17500
CONSOLIDATED STORES CORP COM 210149100 1967 138000 SH SOLE 138000
CONVERGYS CORP COM 212485106 1935 69100 SH SOLE 69100
COOPER CAMERON CORP COM 216640102 1228 27100 SH SOLE 27100
CORSAIR COM 220406102 884 6631 SH SOLE 6631
CYBERSOURCE COM 23251J106 60233 1323802 SH SOLE 1323802
DANAHER CORP COM 235851102 994 22000 SH SOLE 22000
DARDEN RESTAURANTS INC COM 237194105 943 53700 SH SOLE 53700
DAYTON HUSDON CORP COM 239753106 3165 42204 SH SOLE 42204
DELL COMPUTER CORP COM 247025108 8715 165400 SH SOLE 165400
DEVON ENERGY COM 25179M103 928 28000 SH SOLE 28000
DOUBLECLICK INC COM 258609304 635 3000 SH SOLE 3000
DOVER CORP COM 260003108 1215 27000 SH SOLE 27000
DREYERS GRAND PFD CV 261878102 43865 2900176 SH SOLE 2900176
DUPONT E I DE NEMOURS & CO COM 263534108 708 11000 SH SOLE 11000
DUKE ENERGY CORP COM 264399106 1327 26275 SH SOLE 26275
DYCOM INDUSTRIES INC COM 267475101 1323 31400 SH SOLE 31400
EMC CORP/MASS COM 268648102 910 9000 SH SOLE 9000
E-SPIRE COM 269153102 4719 803180 SH SOLE 803180
E-STAMP COM 269154100 4310 193986 SH SOLE 193986
EATON CORP COM 278058102 881 12500 SH SOLE 12500
ECOLAB INC COM 278865100 1505 41600 SH SOLE 41600
EMERSON ELECTRIC CO COM 291011104 1467 25043 SH SOLE 25043
ENHANCE FINANCIAL SVCS GROUP COM 293310108 2422 153800 SH SOLE 153800
ENRON CORP COM 293561106 1414 35307 SH SOLE 35307
ENTERCOM COMMUNICATIONS CORP[ COM 293639100 1084 17300 SH SOLE 17300
EQUITY RESIDENTIAL PROPERTIES COM 29476L107 461 10800 SH SOLE 10800
EURONET SERVICES INC. COM 298736109 940 417900 SH SOLE 417900
EXXON MOBIL CORPORATION COM 30231G102 4542 54192 SH SOLE 54192
FAMILY DOLLAR STORES COM 307000109 1078 71300 SH SOLE 71300
FANNIE MAE COM 313586109 4115 66100 SH SOLE 66100
FEDERATED DEPT STORES INC NEW COM 31410H101 1656 33665 SH SOLE 33665
FINOVA GROUP INC COM 317928109 4169 122400 SH SOLE 122400
FIRST DATA CORP COM 319963104 2373 47500 SH SOLE 47500
FIRSERV INC COM 337738108 1711 43650 SH SOLE 43650
FLEET BOSTON FINANCIAL CORP COM 339030108 3622 101260 SH SOLE 101260
FORD MOTOR CO DEL COM 345370100 1171 22170 SH SOLE 22170
FOUNDATION HEALTH SYSTEMS COM 350404109 1065 110700 SH SOLE 110700
FURNITURE BRANDS INTL INC COM 360921100 1248 60500 SH SOLE 60500
GANNETT CO COM 364730101 1576 19871 SH SOLE 19871
GATEWAY INC COM 367626108 7784 110900 SH SOLE 110900
GENERAL DYNAMICS COM 369550108 950 18500 SH SOLE 18500
GENERAL MOTORS CORP COM 370442105 2643 36300 SH SOLE 36300
GREENPOINT FINANCIAL CORP COM 395384100 1294 53900 SH SOLE 53900
HEALTH & REHABILITATION COM 40426W101 310 34000 SH SOLE 34000
HADCO CORP COM 404681108 1487 30900 SH SOLE 30900
HALLIBURTON COMPANY COM 406216101 646 16422 SH SOLE 16422
HARLEY-DAVIDSON INC COM 412822105 960 15600 SH SOLE 15600
HARRAHS ENTERTAINMENT INC COM 413619107 1514 59800 SH SOLE 59800
HARTFORD LIFE-CL A COM 416592103 1326 33100 SH SOLE 33100
HEALTHSOUTH CORPORATION CV BOND 421924AF8 18624 24750000 P SOLE 24750000
HEINZ (H J) CO COM 423074103 911 22500 SH SOLE 22500
HEWLETT PACKARD CO COM 428236103 2127 18885 SH SOLE 18885
HOLLYWOOD ENTERTAINMENT CORP COM 436141105 2182 146100 SH SOLE 146100
HOLLYWOOD PARK INC COM 436255103 2555 121300 SH SOLE 121300
HOME DEPOT INC COM 437076102 12013 123688 SH SOLE 123688
HOMESTORE COM 437852106 299926 3826800 SH SOLE 3826800
HONEYWELL INTERNATIONAL INC COM 438516106 826 15000 SH SOLE 15000
ICG COMMUNICATIONS INC COM 449246107 2483 138400 SH SOLE 138400
IMS HEALTH INC COM 449934108 286 11000 SH SOLE 11000
IXL ENTERPRISES COM 450718101 160023 3200458 SH SOLE 3200458
IDEXX LABORATORIES INC COM 45168D104 575 33800 SH SOLE 33800
IMMUNEX CORP COM 452528102 1478 14800 SH SOLE 14800
INSIGHT HEALTH COM 45766Q101 18649 3352672 SH SOLE 3352672
INSIGHT COMMUNICATIONS INC COM 45768V108 1059 38700 SH SOLE 38700
INTEL CORP COM 458140100 3076 37000 SH SOLE 37000
INTERACTIVE PICTURES COM 45839N101 26717 1119029 SH SOLE 1119029
INTERNATIONL BUSINESS MACHINES COM 459200101 6300 58000 SH SOLE 58000
INTERNET CAPITAL GROUP COM 46059C106 548333 3333334 SH SOLE 3333334
INTERPUBLIC GROUP COS COM 460690100 420 8000 SH SOLE 8000
INTEVAC INC CV BOND 461148AC2 569 1000000 P SOLE 1000000
INTUIT INC COM 461202103 2202 37600 SH SOLE 37600
I 2 TECHNOLOGY INC COM 465754109 1147 5800 SH SOLE 5800
JABIL CIRCUIT INC COM 466313103 3053 40500 SH SOLE 40500
JAZZTEL COM 47214R152 78533 1138159 SH SOLE 1138159
JUNIPER NETWORKS INC COM 48203R104 680 2104 SH SOLE 2104
KEYNOTE SYSTEMS COM 493308100 108484 1583710 SH SOLE 1583710
KRAUSE FURNITURE COM 500760202 13750 5000000 SH SOLE 5000000
LSI LOGIC CORP COM 502161102 826 12800 SH SOLE 12800
LADISH COMPANY INC COM 505754200 419 59833 SH SOLE 59833
LAM RESEARCH CORPORATION COM 512807108 963 8900 SH SOLE 8900
LAUDER ESTEE COMPANY COM 518439104 1078 22000 SH SOLE 22000
LAUNCH MEDIA COM 518567102 8088 392157 SH SOLE 392157
LEGATO SYSTEMS INC COM 524651106 991 12500 SH SOLE 12500
LILLY (ELI) & CO COM 532457108 411 6000 SH SOLE 6000
LINENS 'N THINGS COM 535679104 1059 42800 SH SOLE 42800
LODGIAN COM 54021P106 78 15672 SH SOLE 15672
LOWES CO INC COM 548661107 1539 26275 SH SOLE 26275
M&T BANK CORPORATION COM 55261F104 1191 2850 SH SOLE 2850
MBNA CORP COM 55262L100 2386 90250 SH SOLE 90250
MCI WORLDCOM INC COM 55268B106 5188 64055 SH SOLE 64055
MGIC INVESTMENT CORP COM 552848103 3485 56900 SH SOLE 56900
MACROMEDIA INC COM 556100105 933 11500 SH SOLE 11500
MAGNA INTERNATIONAL COM 559222401 453 10000 SH SOLE 10000
MANDALAY RESORT GROUP COM 562567107 3320 152200 SH SOLE 152200
MARKETING SERVICES COM 570907105 71674 4311220 SH SOLE 4311220
MARSH & MCLENNAN COS COM 571748102 1637 17000 SH SOLE 17000
MARSHALL & ILSLEY CORP COM 571834100 864 14200 SH SOLE 14200
MARTIN MARIETTA MATERIALS COM 573284106 826 20000 SH SOLE 20000
MATTEL INC COM 577081102 1319 102920 SH SOLE 102920
MAXIM INTEGRATED PRODUCTS COM 57772K101 1167 25100 SH SOLE 25100
MCDONALD'S CORPORATION COM 580135101 810 20000 SH SOLE 20000
MCKESSON HBOC INC COM 58155Q103 2278 108800 SH SOLE 108800
MCLEOD INC COM 582266102 1207 20400 SH SOLE 20400
MEDIMMUNE INC COM 584699102 2205 14700 SH SOLE 14700
MERCK & CO. INC COM 589331107 2617 37524 SH SOLE 37524
METAMOR WORLDWIDE COM 59133P100 33958 1186300 SH SOLE 1169300
MICROFIELD GRAPHICS COM 59506W104 4 34239 SH SOLE 34239
MICROSOFT CORP COM 594918104 2661 22662 SH SOLE 22662
MODCOAST ENERGY RESOURCES COM 59563W104 202 12383 SH SOLE 12383
MODIS PROFESSIONAL SERVICES COM 607830106 2394 163700 SH SOLE 163700
MORGAN STANLEY DEAN WITTER COM 617446448 993 7554 SH SOLE 7554
MURPHY OIL CORP COM 626717102 844 14800 SH SOLE 14800
NABI INC CV BOND 628716AB8 1213 1500000 P SOLE 1500000
NTL INCORPORATED COM 629407107 1088 8600 SH SOLE 8600
NATL COMMERCE BANCORPORATION COM 635449101 1084 46200 SH SOLE 46200
NATIONAL SERVICE INDS INC COM 637657107 285 9853 SH SOLE 9853
NET2PHONE COM 64108N106 112053 2322333 SH SOLE 2322333
NEWMONT MINING COM 651639106 295 12500 SH SOLE 12500
NEXTEL COMMUNICATIONS INC A COM 65332V103 6111 58200 SH SOLE 58200
NOBLE AFFILIATES INC COM 654894104 691 27285 SH SOLE 27285
NOBLE DRILLING CORP COM 655042109 1528 49300 SH SOLE 49300
NORTH FORK BANCORPORATION COM 659424105 1053 60600 SH SOLE 60600
NOVASTAR FINANCIAL COM 669947400 4667 666666 SH SOLE 666666
OMNICOM GROUP CV COM 681919106 1330 13000 SH SOLE 13000
OMNIPOINT CORP COM 68212D102 1246 12000 SH SOLE 12000
ON COMMAND (SPECTRAVISION) COM 682160106 15496 932117 SH SOLE 932117
ON COMMAND (SPECTRAVISION) WARRANTS 682160122 1687 296900 SH SOLE 296900
PE CORP COM 69332S102 1737 15700 SH SOLE 15700
PMC - SIERRA INC COM 69344F106 1656 11400 SH SOLE 11400
PNC BANK CORP COM 693475105 1388 31500 SH SOLE 31500
PAINE WEBBER GROUP INC COM 695629105 1223500 31523600 SH SOLE 31523600
PEREGRINE SYSTEMS INC COM 71366Q101 839 11200 SH SOLE 11200
PERKINELMER INC COM 714046109 1155 28738 SH SOLE 28738
PHARMACIA & UPJOHN INC COM 716941109 1650 34919 SH SOLE 34919
PHARMOR WARRANTS 717113112 74 131664 SH SOLE 131664
PHARMOR COM 717113203 273 99299 SH SOLE 99299
PHILIP MORRIS COS INC COM 718154107 527 22500 SH SOLE 22500
PHONE.COM INC COM 71920Q100 733 6200 SH SOLE 6200
PILOT NETWORKS COM 721596104 7181 300000 SH SOLE 300000
PITNEY BOWES INC COM 724479100 789 17500 SH SOLE 17500
SWING-N-SLIDE CORP COM 72811G102 285 40388 SH SOLE 40388
PRAXAIR INC COM 74005P104 1056 22300 SH SOLE 22300
PREVIEW TRAVEL COM 74137R101 0 0 SH SOLE 0
PRIME RETAIL INC COM 741570105 693 87264 SH SOLE 87264
PROCTER & GAMBLE CO COM 742718109 2661 24304 SH SOLE 24304
PROXICOM COM 744282104 35812 918241 SH SOLE 918241
QUINTUS COM 748798105 26340 569509 SH SOLE 569509
RADIAN GROUP INC COM 750236101 1508 31500 SH SOLE 31500
RADIO ONE INC COM 75040P108 867 9800 SH SOLE 9800
RATIONAL SOFTWARE CORPORATION COM 75409P202 2467 50100 SH SOLE 50100
RECKSON COM 75621K106 1597 77938 SH SOLE 77938
REDHOOK ALE COM 757473103 0 0 SH SOLE 0
REPUBLIC SERVICES INC. COM 760759100 1394 111500 SH SOLE 111500
ROCHESTER G & E COM 771367109 390 15000 SH SOLE 15000
SBC COMMUNICATIONS INC COM 78387G103 2795 55000 SH SOLE 55000
SCI SYSTEMS INC COM 783890106 1436 17300 SH SOLE 17300
SANMINA CORP COM 800907107 1192 11400 SH SOLE 11400
SARA LEE CORP COM 803111103 1891 86215 SH SOLE 86215
SAWTEK INC COM 805468105 258 4100 SH SOLE 4100
SCHLUMBERGER LTD COM 806857108 1315 22170 SH SOLE 22170
SEALED AIR CORP COM 81211K100 760 15400 SH SOLE 15400
SIEBEL SYSTEMS INC COM 826170102 2583 29000 SH SOLE 29000
SMITH INTERNATIONAL INC COM 832110100 1211 24800 SH SOLE 24800
SOLITRON DEVICES, INC. COM 834256208 31 33048 SH SOLE 33048
SPANISH BROADCASTING SYS COM 846425882 1676 44400 SH SOLE 44400
SPEEDWAY MOTORSPORTS INC COM 847788106 476 17700 SH SOLE 17700
STANDARD CHEMICAL CORP CV BOND 853258AA9 332 644000 P SOLE 644000
STAR MEDIA COM 855546107 63776 1496213 SH SOLE 1496213
STARWOOD HOTELS & RESORTS COM 85590A203 790 36300 SH SOLE 36300
STEEL DYNAMICS COM 858119100 69499 4310000 SH SOLE 4310000
STORAGE TECHNOLOGY CORP COM 862111200 1475 86151 SH SOLE 86151
SUN INC CV BOND 866762AG2 433 500000 P SOLE 500000
SUN MICROSYSTEMS COM 866810104 1061 14000 SH SOLE 14000
SUNGARD DATA SYSTEMS INC COM 867363103 3107 135100 SH SOLE 135100
SYBASE INC COM 871130100 723 46300 SH SOLE 46300
SYKES ENTERPRISES INC COM 871237103 996 23000 SH SOLE 23000
SYMANTEC CORP COM 871503108 733 11500 SH SOLE 11500
SYMBOL TECHNOLOGIES INC COM 871508107 2980 50400 SH SOLE 50400
SYNOPSYS INC COM 871607107 1613 25454 SH SOLE 25454
TMP WORLDWIDE INC COM 872941109 1045 7200 SH SOLE 7200
TALK.COM INC COM 874264104 3428 191800 SH SOLE 191800
TELEPHONE AND DATA SYSTEMS COM 879433100 1565 13000 SH SOLE 13000
TELESCAN COM 879516102 26540 1220237 SH SOLE 1220237
TELLABS INC COM 879664100 302 4500 SH SOLE 4500
TERADYNE INC COM 880770102 1594 27900 SH SOLE 27900
TEXACO INC COM 881694103 901 16422 SH SOLE 16422
TEXTRON INC COM 883203101 584 8000 SH SOLE 8000
TIFFANY & CO COM 886547108 1623 19500 SH SOLE 19500
TOSCO CORP COM 891490302 686 26000 SH SOLE 26000
TOYS "R" US INC COM 892335100 2400 171400 SH SOLE 171400
U. S. BANCORP COM 902973106 707 30000 SH SOLE 30000
U. S. FOODSERVICE COM 90331R101 2077 136200 SH SOLE 136200
UNIROYAL TECHNOLOGY CORP COM 909163107 651 25534 SH SOLE 25534
UNISYS CORP COM 909214108 999 32500 SH SOLE 32500
UNITED HEALTHCARE CORP COM 910581107 4279 84000 SH SOLE 84000
US WEST INC COM 91273H101 1168 16000 SH SOLE 16000
UNITED TECHNOLOGIES CORP COM 913017109 978 16422 SH SOLE 16422
UNIVISION COMMUNICATIONS - A COM 914906102 1732 17400 SH SOLE 17400
UNUMPROVIDENT CORP COM 91529Y106 1030 34466 SH SOLE 34466
VALASSIS COMMUNICATIONS INC COM 918866104 735 17500 SH SOLE 17500
VALUE VISION COM 92047K107 222635 16013960 SH SOLE 16013960
VERITAS SOFTWARE CORPORATION COM 923436109 730 5100 SH SOLE 5100
VISX INC COM 92844S105 541 10100 SH SOLE 10100
VITESSE SEMICONDUCTOR CORP COM 928497106 1626 31500 SH SOLE 31500
WMF GROUP COM 929289106 120 20833 SH SOLE 28833
WMX TECHNOLOGIES CV BOND 92929QAF4 2449 3000000 P SOLE 3000000
WALMART STORES INC COM 931142103 2235 33172 SH SOLE 33172
WASHINGTON MUTUAL INC COM 939322103 2761 106180 SH SOLE 106180
WASTE MANAGEMENT COM 94106L109 2760 185517 SH SOLE 185517
WATERS CORPORATION COM 941848103 593 12500 SH SOLE 12500
WELLPOINT HEALTH NETWORKS COM 94973H108 2391 37000 SH SOLE 37000
WELLS FARGO COMPANY COM 949746101 415 10000 SH SOLE 10000
WESTVACO CORP COM 961548104 1307 41000 SH SOLE 41000
WORLD WRESTLING FED ENTMNT COM 98156Q108 234 15400 SH SOLE 15400
YOUNG & RUBICAM INC COM 987425105 2227 37700 SH SOLE 37700
ZIFF DAVIS INC COM 989511209 623 27600 SH SOLE 27600
ZIONS BANCORPORATION COM 989701107 1882 28200 SH SOLE 28200
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
GEMSTAR INTL GROUP LTD COM G3788V106 650 10130 SH SOLE 01 10130
ROYAL CARIBEAN CRUISE LINE COM V7780T103 515 11102 SH SOLE 01 11102
AT AND T CORP COM 001957109 26380 494250 SH SOLE 01 494250
AT AND T CORP COM 001957208 8389 174770 SH SOLE 01 174770
ABBOTT LABORATORIES COM 002824100 21783 599879 SH SOLE 01 599879
ADOBE SYSTEMS INC COM 00724F101 534 8374 SH SOLE 01 8374
AIR PRODUCTS AND CHEMICALS INC COM 009158106 13473 435500 SH SOLE 01 435500
AMERICAN ONLINE COM 02364J104 586 6864 SH SOLE 01 6864
AMERICAN EXPRESS COMPANY COM 025816109 17105 111800 SH SOLE 01 111800
AMERICAN HOME PRODUCTS CORP COM 026609107 12315 272900 SH SOLE 01 272900
AMERICAN INTERNATIONAL GROUP COM 026874107 20340 190200 SH SOLE 01 190200
ANALOG DEVICES COM 032654105 7948 105100 SH SOLE 01 105100
ANHEUSER BUSCH COS. INC COM 035229103 23003 320600 SH SOLE 01 320600
APPLE COMPUTER INC. COM 037833100 513 5221 SH SOLE 01 5221
APPLIED MATERIALS INC COM 038222105 634 5732 SH SOLE 01 5732
ASSOCIATES FIRST CAPITAL CORP COM 046008108 1882 65456 SH SOLE 01 65456
AUTOMATIC DATA PROCESSING INC COM 053015103 38484 758300 SH SOLE 01 758300
AVON PRODUCTS INC COM 054303102 6283 204744 SH SOLE 01 204744
BANK OF AMERICA CORP COM 060505104 29522 589700 SH SOLE 01 589700
BELL ATLANTIC CORP COM 077853109 8562 133000 SH SOLE 01 133000
BERKSHIRE HATHAWAY COM 084670207 12666 7313 SH SOLE 01 7313
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 34121 532100 SH SOLE 01 532100
BURLINGTON NORTHERN SANTA FE COM 12189T104 14081 506297 SH SOLE 01 506297
BURLINGTON RESOURCES INC COM 122014103 8181 251725 SH SOLE 01 251725
CBS CORPORATION COM 12490K107 18585 328944 SH SOLE 01 328944
CMGI INC COM 125750109 690 3112 SH SOLE 01 3112
CSC HOLDINGS INCSERIES M PFD 126304401 2658 24211 SH SOLE 01 24211
CVS CORPORATION COM 126650100 2804 88500 SH SOLE 01 88500
CARDINAL HEALTH INC COM 14149Y108 22654 488500 SH SOLE 01 488500
CENDANT CORPORATION COM 151313103 1479 65383 SH SOLE 01 65383
CHASE MANHATTAN CORP COM 16161A108 23917 318100 SH SOLE 01 318100
CHINA TELECOM COM 169428109 432 5600 SH SOLE 01 5600
CISCO SYSTEMS INC COM 17275R102 34105 348457 SH SOLE 01 348457
CITIGROUP INC. COM 172967101 45343 841641 SH SOLE 01 841641
COFLEXIP SAADR COM 192384105 998 30266 SH SOLE 01 30266
COLGATE-PALMOLIVE COMPANY COM 194162103 9767 167310 SH SOLE 01 167310
COMCAST CORPORATION COM 200300200 29995 592500 SH SOLE 01 592500
COMVERSE TECHNOLOGY INC COM 205862402 2729 21489 SH SOLE 01 21489
COX COMMUNICATIONS COM 224044107 592 12168 SH SOLE 01 12168
DANIELSON HOLDING CORP COM 236274106 87 17489 SH SOLE 01 17489
DAYTON HUDSON CORPORATION COM 239753106 19871 266283 SH SOLE 01 266283
DELL COMPUTER COM 247025109 5258 117000 SH SOLE 01 117000
DESC SA DE C.V.ADR COM 250309101 639 32938 SH SOLE 01 32938
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