UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30,
1999
Check here if Amendment [ ]; Amendment Number: _______________
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Intel Corporation
2200 Mission College Boulevard
Santa Clara, CA 95052-8119
Form 13F File Number: 28-5160
Person Signing this Report on Behalf of Reporting Manager:
Arvind Sodhani, Vice President and Treasurer (408) 765-1240
---------------------------------------------------------------
ATTENTION--Intentional misstatements or omissions of facts
constitute Federal Criminal Violations. See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a)
---------------------------------------------------------------
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.
Signature, Place and Date of Signing:
/S/Arvind Sodhani Santa Clara, California November 12, 1999
- -------------------
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
REPORTING MANAGER: INTEL CORPORATION
Report Summary:
Number of Other Included Managers: -1-
Form 13F Information Table Entry Total: 570
Form 13F Information Table Value Total: $4,957,681,000
*Confidential Treatment Requested: Confidential information has
been omitted from this Form 13F and filed separately with the
Commission.
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
1. MORGAN STANLEY DEAN WITTER & CO., File No: 28-3432
<PAGE>
<TABLE> 9/30/99
FORM 13F INFORMATION TABLE
REPORTING MANAGER: INTEL CORPORATION
<CAPTION>
ITEM 4: ITEM 5:
FAIR SHARES ITEM 8:
ITEM 2: ITEM 3: MARKET OR ITEM 6: VOTING AUTHORITY
ITEM 1: TITLE OF CUSIP VALUE PRINCIPAL SH/ INVESTMENT ITEM 7: (A) (B) (C)
NAME OF ISSUER CLASS NUMBER (000) AMOUNT PRN DISCRETION MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
* COM * 6,721 297,872 SH SOLE 297,872
* COM * 4,994 1,309,850 SH SOLE 1,309,850
3COM CORP COM 885535104 2,024 70,400 SH SOLE 70,400
3DLABS INC., LTD. ORD G8846W103 640 218,163 SH SOLE 218,163
ABBOTT LABS COM 002824100 10,982 299,340 SH SOLE 299,340
ACTIVE SOFTWARE INC. COM 00504E100 17,601 735,294 SH SOLE 735,294
ADC TELECOMMUNICATIONS INC COM 000886101 1,120 26,700 SH SOLE 26,700
ADOBE SYS INC COM 00724F101 1,362 12,000 SH SOLE 12,000
ADVANCED MICRO DEVICES INC COM 007903107 498 28,979 SH SOLE 28,979
AES CORP COM 00130H105 2,230 37,800 SH SOLE 37,800
AETNA INC COM 008117103 1,365 27,706 SH SOLE 27,706
AFLAC INC COM 001055102 2,190 52,300 SH SOLE 52,300
AIR PRODS & CHEMS INC COM 009158106 1,319 45,100 SH SOLE 45,100
ALBERTO CULVER CO CL B CONV 013068101 254 11,000 SH SOLE 11,000
ALBERTSONS INC COM 013104104 3,273 82,740 SH SOLE 82,740
ALCAN ALUM LTD COM 013716105 1,391 44,500 SH SOLE 44,500
ALCOA INC COM 013817101 4,481 72,200 SH SOLE 72,200
ALLEGHENY TELEDYNE INC COM 017415100 633 37,497 SH SOLE 37,497
ALLERGAN INC COM 018490102 1,430 13,000 SH SOLE 13,000
ALLIED SIGNAL INC COM 019512102 6,491 108,300 SH SOLE 108,300
ALLIED WASTE INDS INC COM 019589308 434 37,100 SH SOLE 37,100
PAR$.01
NEW
FAIR MARKET VALUE TOTAL: 71,433
* Requested confidential treatment for this investment.
<PAGE>
ALLSTATE CORP COM 020002101 3,917 157,080 SH SOLE 157,080
ALLTEL CORP COM 020039103 4,230 60,100 SH SOLE 60,100
ALZA CORP COM 022615108 856 20,000 SH SOLE 20,000
AMAZON.COM COM 023135106 2,008 25,116 SH SOLE 25,116
AMERADA HESS CORP COM 023551104 1,090 17,800 SH SOLE 17,800
AMEREN CORP COM 023608102 1,023 27,050 SH SOLE 27,050
AMERICA ONLINE INC COM 02364J104 24,053 231,148 SH SOLE 231,148
AMERICAN ELEC PWR INC COM 025537101 1,300 38,100 SH SOLE 38,100
AMERICAN EXPRESS CO COM 025816109 11,938 88,428 SH SOLE 88,428
AMERICAN GEN CORP COM 026351106 3,098 48,981 SH SOLE 48,981
AMERICAN GREETINGS CORP CL A 026375105 341 13,245 SH SOLE 13,245
AMERICAN HOME PRODS CORP COM 026609107 10,672 257,160 SH SOLE 257,160
AMERICAN INTL GROUP INC COM 026874107 26,490 304,700 SH SOLE 304,700
AMERITECH CORP NEW COM 030954101 14,438 216,300 SH SOLE 216,300
AMGEN INC COM 031162100 8,183 100,400 SH SOLE 100,400
AMR CORP COM 001765106 1,608 29,500 SH SOLE 29,500
AMSOUTH BANCORPORATION COM 032165102 813 34,700 SH SOLE 34,700
ANADARKO PETE CORP COM 032511107 767 25,100 SH SOLE 25,100
ANDREW CORP COM 034425108 281 16,175 SH SOLE 16,175
ANHEUSER BUSCH COS INC COM 035229103 6,446 92,000 SH SOLE 92,000
AON CORP COM 037389103 1,491 50,434 SH SOLE 50,434
APACHE CORP COM 037411105 967 22,400 SH SOLE 22,400
APPLE COMPUTER INC COM 037833100 2,007 31,700 SH SOLE 31,700
APPLIED MATLS INC COM 038222105 5,741 73,900 SH SOLE 73,900
ARCHER DANIELS MIDLAND CO COM 039483102 1,474 121,550 SH SOLE 121,550
ARIBA TECHNOLOGIES, INC. COM 04033V104 109,470 757,576 SH SOLE 757,576
ARMSTRONG WORLD INDS INC COM 042476101 355 7,900 SH SOLE 7,900
ASARCO INC COM 043413103 211 7,800 SH SOLE 7,800
ASHLAND INC COM 044204105 477 14,200 SH SOLE 14,200
ASSOCIATES FIRST CAP CORP CL A 046008108 5,160 143,322 SH SOLE 143,322
AT HOME CORPORATION COM SER A 045919107 11,603 280,000 SH SOLE 280,000
AT&T CORP COM 001957109 27,353 628,814 SH SOLE 628,814
FAIR MARKET VALUE TOTAL: 289,861
<PAGE>
ATLANTIC RICHFIELD CO COM 048825103 5,619 63,400 SH SOLE 63,400
AUDIBLE, INC. COM 05069A104 9,647 918,750 SH SOLE 918,750
AUTODESK INC COM 052769106 4,910 224,450 SH SOLE 224,450
AUTOMATIC DATA PROCESSING INC COM 053015103 5,435 121,800 SH SOLE 121,800
AUTOZONE INC COM 053332102 822 29,300 SH SOLE 29,300
AVERY DENNISON CORP COM 053611109 1,182 22,400 SH SOLE 22,400
AVID TECHNOLOGY, INC. COM 05367P100 10,535 802,632 SH SOLE 802,632
AVON PRODS INC COM 054303102 1,273 51,300 SH SOLE 51,300
BACKWEB TECHNOLOGIES, LTD. ORD M15633106 8,623 507,247 SH SOLE 507,247
BAKER HUGHES INC COM 057224107 1,875 64,670 SH SOLE 64,670
BALL CORP COM 058498106 264 6,000 SH SOLE 6,000
BAMBOO.COM, INC. COM 05942K105 21,397 1,205,440 SH SOLE 1,205,440
BANK NEW YORK INC COM 064057102 4,837 144,664 SH SOLE 144,664
BANK OF AMERICA CORP COM 060505104 18,928 339,896 SH SOLE 339,896
BANK ONE CORP COM 06423A103 8,036 230,826 SH SOLE 230,826
BANKBOSTON CORP COM 06605R106 2,537 58,500 SH SOLE 58,500
BARD C R INC COM 067383109 475 10,100 SH SOLE 10,100
BARRICK GOLD CORP COM 067901108 1,668 76,700 SH SOLE 76,700
BAUSCH & LOMB INC COM 071707103 745 11,300 SH SOLE 11,300
BAXTER INTL INC COM 071813109 3,452 57,300 SH SOLE 57,300
BB&T CORP COM 054937107 2,036 62,900 SH SOLE 62,900
BE, INC. COM 073309106 10,865 1,538,462 SH SOLE 1,538,462
BEAR STEARNS COS INC COM 073902108 882 22,940 SH SOLE 22,940
BECTON DICKINSON & CO COM 075887109 1,383 49,300 SH SOLE 49,300
BELL ATLANTIC CORP COM 077853109 20,565 305,512 SH SOLE 305,512
BELLSOUTH CORP COM 079860102 16,696 371,012 SH SOLE 371,012
BEMIS INC COM 081437105 349 10,300 SH SOLE 10,300
BEST BUY INC COM 086516101 2,486 40,100 SH SOLE 40,100
BESTFOODS COM 08658U101 2,666 54,900 SH SOLE 54,900
BETHLEHEM STL CORP COM 087509105 190 25,700 SH SOLE 25,700
BIOMET INC COM 090613100 582 22,100 SH SOLE 22,100
BLACK & DECKER CORP COM 091797100 781 17,100 SH SOLE 17,100
BLOCK H & R INC COM 093671105 834 19,200 SH SOLE 19,200
BMC SOFTWARE INC COM 055921100 3,371 47,100 SH SOLE 47,100
FAIR MARKET VALUE TOTAL: 175,946
<PAGE>
BOEING CO COM 097023105 8,058 189,046 SH SOLE 189,046
BOISE CASCADE CORP COM 097383103 410 11,255 SH SOLE 11,255
BOSTON SCIENTIFIC CORP COM 101137107 2,015 81,412 SH SOLE 81,412
BRIGGS & STRATTON CORP COM 109043109 269 4,600 SH SOLE 4,600
BRISTOL MYERS SQUIBB CO COM 110122108 26,378 390,788 SH SOLE 390,788
BROWN FORMAN CORP CL B 115637209 842 13,500 SH SOLE 13,500
BRUNSWICK CORP COM 117043109 450 18,100 SH SOLE 18,100
BURLINGTON NORTH SANTA FE CORP COM 12189T104 2,516 91,506 SH SOLE 91,506
BURLINGTON RES INC COM 122014103 1,283 34,908 SH SOLE 34,908
CABLETRON SYS INC COM 126920107 538 34,300 SH SOLE 34,300
CAMPBELL SOUP CO COM 134429109 3,341 85,400 SH SOLE 85,400
CAPITAL ONE FINL CORP COM 14040H105 1,517 38,900 SH SOLE 38,900
CARDINAL HEALTH INC COM 14149Y108 2,921 53,600 SH SOLE 53,600
CARNIVAL CORP COM 143658102 5,250 120,700 SH SOLE 120,700
CAROLINA PWR & LT CO COM 144141108 1,110 31,376 SH SOLE 31,376
CASE CORP COM 14743R103 762 15,300 SH SOLE 15,300
CATERPILLAR INC COM 149123101 3,834 69,954 SH SOLE 69,954
CBS CORP COM 12490K107 6,414 138,678 SH SOLE 138,678
CENDANT CORP COM 151313103 2,515 141,705 SH SOLE 141,705
CENTEX CORP COM 152312104 346 11,700 SH SOLE 11,700
CENTRAL & SOUTH WEST CORP COM 152357109 884 41,834 SH SOLE 41,834
CENTURYTEL INC COM 156700106 1,115 27,450 SH SOLE 27,450
CERIDIAN CORP COM 15677T106 709 28,518 SH SOLE 28,518
CHAMPION INTL CORP COM 158525105 971 18,900 SH SOLE 18,900
CHASE MANHATTAN CORP NEW COM 16161A108 12,347 163,804 SH SOLE 163,804
CHEVRON CORP COM 166751107 11,458 129,100 SH SOLE 129,100
CHUBB CORP COM 171232101 1,721 34,677 SH SOLE 34,677
CIGNA CORP COM 125509109 3,048 39,200 SH SOLE 39,200
CINCINNATI FINL CORP COM 172062101 1,220 32,500 SH SOLE 32,500
CINERGY CORP COM 172474108 886 31,300 SH SOLE 31,300
CIRCUIT CITY GROUP COM 172737108 1,666 39,500 SH SOLE 39,500
CISCO SYS INC COM 17275R102 43,858 639,680 SH SOLE 639,680
CITIGROUP INC COM 172967101 29,244 664,646 SH SOLE 664,646
CLARENT CORPORATION COM 180461105 77,413 1,519,756 SH SOLE 1,519,756
FAIR MARKET VALUE TOTAL: 257,309
<PAGE>
CLEAR CHANNEL COMMUNICATIONS COM 184502102 5,304 66,400 SH SOLE 66,400
CLOROX CO COM 189054109 1,775 46,400 SH SOLE 46,400
CMGI, INC. COM 125750109 413,033 4,029,588 SH SOLE 4,029,588
CMS ENERGY CORP COM 125896100 787 23,200 SH SOLE 23,200
COASTAL CORP COM 190441105 1,719 42,000 SH SOLE 42,000
COCA COLA CO COM 191216100 23,444 485,896 SH SOLE 485,896
COCA COLA ENTERPRISES INC COM 191219104 1,886 83,600 SH SOLE 83,600
COLGATE PALMOLIVE CO COM 194162103 5,248 114,700 SH SOLE 114,700
COLUMBIA ENERGY GROUP COM 197648108 893 16,128 SH SOLE 16,128
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 2,353 111,050 SH SOLE 111,050
COMCAST CORP CL A SPL 200300200 5,882 147,500 SH SOLE 147,500
COMERICA INC COM 200340107 1,558 30,767 SH SOLE 30,767
COMPAQ COMPUTER CORP COM 204493100 7,652 334,510 SH SOLE 334,510
COMPUTER ASSOC INTL INC COM 204912109 6,465 105,775 SH SOLE 105,775
COMPUTER SCIENCES CORP COM 205363104 2,215 31,500 SH SOLE 31,500
COMPUWARE CORP COM 205638109 1,832 70,300 SH SOLE 70,300
CONAGRA INC COM 205887102 2,169 96,114 SH SOLE 96,114
CONOCO INC CL B 208251405 3,378 123,400 SH SOLE 123,400
CONSECO INC COM 208464107 1,223 64,367 SH SOLE 64,367
CONSOLIDATED EDISON INC COM 209115104 1,805 43,500 SH SOLE 43,500
CONSOLIDATED NAT GAS CO COM 209615103 1,179 18,900 SH SOLE 18,900
CONSOLIDATED STORES CORP COM 210149100 479 21,700 SH SOLE 21,700
CONSTELLATION ENGY GRP INC COM 210371100 827 29,400 SH SOLE 29,400
COOPER INDS INC COM 216669101 870 18,600 SH SOLE 18,600
COOPER TIRE & RUBR CO COM 216831107 263 14,900 SH SOLE 14,900
COORS ADOLPH CO CL B 217016104 390 7,200 SH SOLE 7,200
COPPER MOUNTAIN NETWORKS, INC. COM 217510106 62,156 709,345 SH SOLE 709,345
CORNING INC COM 219350105 3,305 48,200 SH SOLE 48,200
COSTCO WHSL CORP NEW COM 22160K105 3,132 43,500 SH SOLE 43,500
COUNTRYWIDE CR INDS INC COM 222372104 716 22,200 SH SOLE 22,200
COVAD COMMUNICATIONS GROUP, INC. COM 222814204 161,700 3,709,242 SH SOLE 3,709,242
CRANE CO COM 224399105 299 13,325 SH SOLE 13,325
CROWN CORK & SEAL INC COM 228255105 583 24,053 SH SOLE 24,053
FAIR MARKET VALUE TOTAL: 726,520
<PAGE>
CSX CORP COM 126408103 1,814 42,800 SH SOLE 42,800
CUMMINS ENGINE INC COM 231021106 408 8,200 SH SOLE 8,200
CVS CORP COM 126650100 3,147 77,100 SH SOLE 77,100
CYPRUS AMAX MINERALS CO COM 232809103 349 17,800 SH SOLE 17,800
DANA CORP COM 235811106 1,210 32,591 SH SOLE 32,591
DANAHER CORP COM 235851102 1,475 28,000 SH SOLE 28,000
DARDEN RESTAURANTS INC COM 237194105 509 26,000 SH SOLE 26,000
DATA GEN CORP COM 237688106 211 10,000 SH SOLE 10,000
DAYTON HUDSON CORP COM 239753106 5,225 87,000 SH SOLE 87,000
DEERE & CO COM 244199105 1,780 46,000 SH SOLE 46,000
DELL COMPUTER CORP COM 247025109 20,906 500,000 SH SOLE 500,000
DELPHI AUTOMOTIVE SYS CORP COM 247126105 1,786 111,217 SH SOLE 111,217
DELTA AIR LINES INC DEL COM 247361108 1,339 27,600 SH SOLE 27,600
DELUXE CORP COM 248019101 507 14,900 SH SOLE 14,900
DILLARDS INC CL A 254067101 427 21,000 SH SOLE 21,000
DISNEY WALT CO COM 254687106 10,553 405,880 SH SOLE 405,880
DOLLAR GEN CORP COM 256669102 1,364 44,175 SH SOLE 44,175
DOMINION RES INC VA COM 257470104 1,706 37,800 SH SOLE 37,800
DONNELLEY R R & SONS CO COM 257867101 725 25,100 SH SOLE 25,100
DOVER CORP COM 260003108 1,676 41,000 SH SOLE 41,000
DOW CHEM CO COM 260543103 4,922 43,316 SH SOLE 43,316
DOW JONES & CO INC COM 260561105 955 17,900 SH SOLE 17,900
DTE ENERGY CO COM 233331107 1,037 28,500 SH SOLE 28,500
DU PONT E I DE NEMOURS & CO COM 263534109 11,597 191,694 SH SOLE 191,694
DUKE ENERGY CORP COM 264399106 3,959 71,824 SH SOLE 71,824
DUN & BRADSTREET CORP DEL COM 26483B106 947 31,700 SH SOLE 31,700
EASTERN ENTERPRISES COM 27637F100 244 5,250 SH SOLE 5,250
EASTMAN CHEM CO COM 277432100 614 15,400 SH SOLE 15,400
EASTMAN KODAK CO COM 277461109 4,706 62,231 SH SOLE 62,231
EATON CORP COM 278058102 1,226 14,200 SH SOLE 14,200
ECHOSTAR COMMUNICATIONS CORP. CL A 278762109 1,770 19,492 SH SOLE 19,492
ECOLAB INC COM 278865100 870 25,500 SH SOLE 25,500
EDISON INTL COM 281020107 1,661 68,300 SH SOLE 68,300
EG & G INC COM 268457108 358 9,000 SH SOLE 9,000
FAIR MARKET VALUE TOTAL: 91,983
<PAGE>
ELECTRONIC DATA SYS CORP NEW COM 285661104 5,135 97,000 SH SOLE 97,000
EMC CORP MASS COM 268648102 14,236 199,452 SH SOLE 199,452
EMERSON ELEC CO COM 291011104 5,403 85,500 SH SOLE 85,500
ENGAGE TECHNOLOGIES, INC. COM 292827102 589 15,616 SH SOLE 15,616
ENGELHARD CORP COM 292845104 453 24,800 SH SOLE 24,800
ENRON CORP COM 293561106 5,768 140,480 SH SOLE 140,480
ENTERGY CORP NEW COM 29364G103 1,406 48,600 SH SOLE 48,600
EQUIFAX INC COM 294429105 796 28,300 SH SOLE 28,300
ETOYS, INC. COM 297862104 539,789 8,109,502 SH SOLE 8,109,502
EVANS & SUTHERLAND COMPUTER COM 299096107 28 2,258 SH SOLE 2,258
CORP.
EXXON CORP COM 302290101 36,313 477,798 SH SOLE 477,798
FANNIE MAE COM 313586109 12,644 201,700 SH SOLE 201,700
FDX CORP COM 31304N107 2,276 58,540 SH SOLE 58,540
FEDERATED DEPT STORES INC DEL 31410H101 1,793 41,043 SH SOLE 41,043
FIFTH THIRD BANCORP COM 316773100 3,251 53,437 SH SOLE 53,437
FIRST DATA CORP COM 319963104 3,703 84,400 SH SOLE 84,400
FIRST UN CORP COM 337358105 6,705 188,215 SH SOLE 188,215
FIRSTAR CORP COM 33763V109 4,965 193,739 SH SOLE 193,739
FIRSTENERGY CORP COM 337932107 1,164 46,000 SH SOLE 46,000
FLEET FINL GROUP INC NEW COM 338915101 4,105 112,092 SH SOLE 112,092
FLEETWOOD ENTERPRISES INC COM 339099103 133 6,600 SH SOLE 6,600
FLORIDA PROGRESS CORP COM 341109106 893 19,300 SH SOLE 19,300
FLUOR CORP COM 343861100 600 14,900 SH SOLE 14,900
FMC CORP COM NEW 302491303 304 6,300 SH SOLE 6,300
FORD MTR CO DEL COM 345370100 11,963 238,078 SH SOLE 238,078
FORT JAMES CORP COM 347471104 1,161 43,500 SH SOLE 43,500
FORTUNE BRANDS INC COM 349631101 1,057 32,790 SH SOLE 32,790
FOSTER WHEELER CORP COM 350244109 97 8,000 SH SOLE 8,000
FPL GROUP INC COM 302571104 1,775 35,235 SH SOLE 35,235
FRANKLIN RES INC COM 354613101 1,516 49,600 SH SOLE 49,600
FREDDIE MAC CORP COM 313400301 7,114 136,800 SH SOLE 136,800
FREEPORT MCMORAN COPPER CL B 35671D857 500 32,119 SH SOLE 32,119
FAIR MARKET VALUE TOTAL: 677,635
<PAGE>
FRUIT OF THE LOOM LTD ORD CL A G3682L105 49 14,200 SH SOLE 14,200
GANNETT INC COM 364730101 3,805 55,000 SH SOLE 55,000
GAP INC COM 364760108 5,398 168,699 SH SOLE 168,699
GATEWAY INC COM 367626108 2,710 61,600 SH SOLE 61,600
GENERAL DYNAMICS CORP COM 369550108 2,448 39,200 SH SOLE 39,200
GENERAL ELEC CO COM 369604103 76,536 645,532 SH SOLE 645,532
GENERAL INSTR CORP DEL COM 370120107 1,639 34,152 SH SOLE 34,152
GENERAL MLS INC COM 370334104 2,442 30,100 SH SOLE 30,100
GENERAL MTRS CORP COM 370442105 7,980 126,796 SH SOLE 126,796
GENUINE PARTS CO COM 372460105 935 35,200 SH SOLE 35,200
GEORGIA PAC CORP COM 373298108 1,363 33,700 SH SOLE 33,700
GILLETTE CO COM 375766102 7,246 213,500 SH SOLE 213,500
GLOBAL CROSSING LTD COM G3921A100 1,852 69,905 SH SOLE 69,905
GLOBESPAN, INC. COM 379571102 53,815 852,515 SH SOLE 852,515
GOLDEN WEST FINL CORP DEL COM 381317106 1,062 10,800 SH SOLE 10,800
GOODRICH B F CO COM 382388106 626 21,600 SH SOLE 21,600
GOODYEAR TIRE & RUBR CO COM 382550101 1,482 30,800 SH SOLE 30,800
GPU INC COM 36225X100 806 24,700 SH SOLE 24,700
GRACE WR & CO DEL NEW COM 38388F108 229 14,000 SH SOLE 14,000
GRAINGER W W INC COM 384802104 884 18,400 SH SOLE 18,400
GREAT ATLANTIC & PAC TEA INC COM 390064103 227 7,500 SH SOLE 7,500
GREAT LAKES CHEM CORP COM 390568103 438 11,500 SH SOLE 11,500
GTE CORP COM 362320103 14,839 193,034 SH SOLE 193,034
GUIDANT CORP COM 401698105 3,191 59,500 SH SOLE 59,500
HALLIBURTON CO COM 406216101 3,561 86,850 SH SOLE 86,850
HARCOURT GEN INC COM 41163G101 583 14,000 SH SOLE 14,000
HARRAHS ENTMT INC COM 413619107 701 25,250 SH SOLE 25,250
HARRIS CORP DEL COM 413875105 434 15,700 SH SOLE 15,700
HARTFORD FINL SVCS GROUP INC COM 416515104 1,816 44,436 SH SOLE 44,436
HASBRO INC COM 418056107 825 38,350 SH SOLE 38,350
HEALTHSOUTH CORP COM 421924101 500 81,700 SH SOLE 81,700
HEINZ H J CO COM 423074103 3,032 70,500 SH SOLE 70,500
HELMERICH & PAYNE INC COM 423452101 246 9,700 SH SOLE 9,700
FAIR MARKET VALUE TOTAL: 203,700
<PAGE>
HERCULES INC COM 427056106 598 20,900 SH SOLE 20,900
HERSHEY FOODS CORP COM 427866108 1,339 27,500 SH SOLE 27,500
HEWLETT PACKARD CO COM 428236103 18,093 199,370 SH SOLE 199,370
HILTON HOTELS CORP COM 432848109 496 50,200 SH SOLE 50,200
HOLLYWOOD ENTERTAINMENT CORP. COM 436141105 6,957 463,774 SH SOLE 463,774
HOME DEPOT INC COM 437076102 20,025 291,800 SH SOLE 291,800
HOMESTAKE MNG CO COM 437614100 470 51,203 SH SOLE 51,203
HONEYWELL INC COM 438506107 2,794 25,100 SH SOLE 25,100
HOUSEHOLD INTL INC COM 441815107 3,778 94,148 SH SOLE 94,148
HUMANA INC COM 444859102 227 33,000 SH SOLE 33,000
HUNTINGTON BANCSHARES INC COM 446150104 1,205 45,360 SH SOLE 45,360
IBM CORP COM 459200101 43,079 356,028 SH SOLE 356,028
IKON OFFICE SOLUTIONS INC COM 451713101 313 29,300 SH SOLE 29,300
ILLINOIS TOOL WKS INC COM 452308109 3,676 49,300 SH SOLE 49,300
IMS HEALTH INC COM 449934108 1,405 61,600 SH SOLE 61,600
INCO LTD COM 453258402 808 37,800 SH SOLE 37,800
INFORMIX CORP. COM 456779107 29 3,648 SH SOLE 3,648
INGERSOLL RAND CO COM 456866102 1,783 32,450 SH SOLE 32,450
INKTOMI CORPORATION COM 457277101 95,418 794,945 SH SOLE 794,945
INTEL CORP CALIF COM 458140100 15,561 209,400 SH SOLE 209,400
INTERNATIONAL PAPER CO COM 460146103 3,911 81,377 SH SOLE 81,377
INTERPUBLIC GROUP COS INC COM 460690100 2,282 55,500 SH SOLE 55,500
INTERVU, INC. COM 46114R106 4,263 114,829 SH SOLE 114,829
INTL FLAVORS & FRAGRANCES INC COM 459506101 721 20,900 SH SOLE 20,900
ISOCOR COM 464902105 2,953 375,000 SH SOLE 375,000
ITT INDS INC IND COM 450911102 550 17,285 SH SOLE 17,285
IVILAGE, INC. COM 46588H105 17,616 474,513 SH SOLE 474,513
IXOS SOFTWARE AG SP ADR 46600V108 66,417 429,000 SH SOLE 429,000
BEARER
JEFFERSON PILOT CORP COM 475070108 1,310 20,725 SH SOLE 20,725
JOHNSON & JOHNSON COM 478160104 24,306 264,557 SH SOLE 264,557
JOHNSON CTLS INC COM 478366107 1,114 16,800 SH SOLE 16,800
JOSTENS INC COM 481088102 128 6,700 SH SOLE 6,700
FAIR MARKET VALUE TOTAL: 343,625
<PAGE>
JUNO ONLINE SERVICES, INC. COM 482048105 12,625 779,899 SH SOLE 779,899
K MART CORP COM 482584109 1,135 97,124 SH SOLE 97,124
KANSAS CITY SOUTHN INDS INC COM 485170104 1,009 21,700 SH SOLE 21,700
KAUFMAN & BROAD HOME CORP COM 486168107 195 9,474 SH SOLE 9,474
KELLOGG CO COM 487836108 2,984 79,698 SH SOLE 79,698
KERR MCGEE CORP COM 492386107 938 17,039 SH SOLE 17,039
KEYCORP NEW COM 493267108 2,279 88,298 SH SOLE 88,298
KIMBERLY CLARK CORP COM 494368103 5,528 104,800 SH SOLE 104,800
KING WORLD PRODTNS INC COM 495667107 525 14,000 SH SOLE 14,000
KLA TENCOR CORP COM 482480100 1,125 17,300 SH SOLE 17,300
KNIGHT RIDDER INC COM 499040103 875 15,900 SH SOLE 15,900
KOHLS CORP COM 500255104 2,116 32,000 SH SOLE 32,000
KROGER CO COM 501044101 3,601 163,200 SH SOLE 163,200
LAIDLAW INC COM 50730K503 439 65,000 SH SOLE 65,000
LAUNCH MEDIA, INC. COM 518567102 10,707 892,225 SH SOLE 892,225
LEHMAN BROS HLDGS INC COM 524908100 1,378 23,600 SH SOLE 23,600
LEXMARK INTL GROUP INC CL A 529771107 2,037 25,300 SH SOLE 25,300
LIBERATE TECHNOLOGIES, INC. COM 530129105 17,774 421,940 SH SOLE 421,940
LILLY ELI & CO COM 532457108 13,805 215,070 SH SOLE 215,070
LIMITED INC COM 532716107 1,610 42,080 SH SOLE 42,080
LINCOLN NATL CORP IND COM 534187109 1,469 39,100 SH SOLE 39,100
LIQUID AUDIO, INC. COM 53631T102 93,081 2,515,708 SH SOLE 2,515,708
LIZ CLAIBORNE INC COM 539320101 375 12,100 SH SOLE 12,100
LOCKHEED MARTIN CORP COM 539830109 2,543 77,800 SH SOLE 77,800
LOEWS CORP COM 540424108 1,488 21,200 SH SOLE 21,200
LONGS DRUG STORES CORP COM 543162101 230 7,700 SH SOLE 7,700
LOUISIANA PAC CORP COM 546347105 330 21,100 SH SOLE 21,100
LOWES COS INC COM 548661107 3,661 75,100 SH SOLE 75,100
LSI LOGIC CORP COM 502161102 1,510 29,040 SH SOLE 29,040
LUCENT TECHNOLOGIES INC COM 549463107 39,112 602,885 SH SOLE 602,885
MADGE NETWORKS, INC. ORD N5424G106 91 38,448 SH SOLE 38,448
MAKER COMMUNICATIONS, INC. COM 560875106 28,414 1,209,103 SH SOLE 1,209,103
MALLINCKRODT INC NEW COM 561232109 423 14,000 SH SOLE 14,000
MARRIOTT INTL INC NEW CL A 571903202 1,600 48,934 SH SOLE 48,934
FAIR MARKET VALUE TOTAL: 257,012
<PAGE>
MARSH & MCLENNAN COS INC COM 571748102 3,562 52,000 SH SOLE 52,000
MASCO CORP COM 574599106 2,700 87,100 SH SOLE 87,100
MATTEL INC COM 577081102 1,572 82,741 SH SOLE 82,741
MAXTOR CORPORATION COM NEW 577729205 4,503 682,914 SH SOLE 682,914
MAY DEPT STORES CO COM 577778103 2,398 65,800 SH SOLE 65,800
MAYTAG CORP COM 578592107 572 17,173 SH SOLE 17,173
MBIA INC COM 55262C100 919 19,700 SH SOLE 19,700
MBNA CORP COM 55262L100 3,599 157,743 SH SOLE 157,743
MCDERMOTT INTL INC COM 580037109 237 11,700 SH SOLE 11,700
MCDONALDS CORP COM 580135101 11,531 266,624 SH SOLE 266,624
MCGRAW HILL COS INC COM 580645109 1,873 38,716 SH SOLE 38,716
MCI WORLDCOM INC COM 55268B106 26,490 368,554 SH SOLE 368,554
MCKESSON HBOC INC COM 58155Q103 1,604 55,325 SH SOLE 55,325
MEAD CORP COM 582834107 691 20,100 SH SOLE 20,100
MEDIAONE GROUP INC COM 58440J104 8,157 119,400 SH SOLE 119,400
MEDTRONIC INC COM 585055106 8,215 231,000 SH SOLE 231,000
MELLON BK CORP COM 585509102 3,402 101,160 SH SOLE 101,160
MERCK & CO INC COM 589331107 29,917 461,592 SH SOLE 461,592
MEREDITH CORP COM 589433101 370 10,200 SH SOLE 10,200
MERRILL LYNCH & CO INC COM 590188108 4,902 72,760 SH SOLE 72,760
MGIC INVT CORP WIS COM 552848103 1,027 21,500 SH SOLE 21,500
MICRON TECHNOLOGY INC COM 595112103 3,278 49,300 SH SOLE 49,300
MICROSOFT CORP COM 594918104 91,868 1,014,416 SH SOLE 1,014,416
MICROSOFT CORP PFD A CV 594918203 126,059 1,251,957 SH SOLE 1,251,957
EXCH
MICROTEST, INC. COM 594941106 160 44,074 SH SOLE 44,074
MILACRON INC COM 598709103 130 7,300 SH SOLE 7,300
MILLIPORE CORP COM 601073109 334 8,900 SH SOLE 8,900
MINNESOTA MNG & MFG CO COM 604059105 7,618 79,300 SH SOLE 79,300
MIRAGE RESORTS INC COM 60462E104 547 39,100 SH SOLE 39,100
MOBIL CORP COM 607059102 15,526 154,100 SH SOLE 154,100
MONSANTO CO COM 611662107 4,452 124,743 SH SOLE 124,743
FAIR MARKET VALUE TOTAL: 368,213
<PAGE>
MORGAN J P & CO INC COM 616880100 3,942 34,500 SH SOLE 34,500
MORGAN STANLEY DEAN WTTER & CO COM 617446448 10,011 112,251 SH SOLE 112,251
MOTOROLA INC COM 620076109 10,510 119,435 SH SOLE 119,435
MPATH INTERACTIVE, INC. COM 62473C101 13,513 1,114,461 SH SOLE 1,114,461
MRV COMMUNICATIONS COM 553477100 1,644 69,400 SH SOLE 69,400
NABISCO GROUP HLDG CORP COM 62952P102 963 64,200 SH SOLE 64,200
NACCO INDS INC CL A 629579103 115 1,649 SH SOLE 1,649
NATIONAL CITY CORP COM 635405103 3,246 121,626 SH SOLE 121,626
NATIONAL SEMICONDUCTOR CORP COM 637640103 1,012 33,100 SH SOLE 33,100
NATIONAL SVC INDS INC COM 637657107 252 8,000 SH SOLE 8,000
NAVISTAR INTL CORP NEW COM 63934E108 607 13,060 SH SOLE 13,060
NETWORK APPLIANCE INC COM 64120L104 1,039 14,500 SH SOLE 14,500
NETWORK COMPUTING DEVICES, INC. COM 64120N100 3,375 750,000 SH SOLE 750,000
NEW CENTURY ENERGIES INC COM 64352U103 759 22,700 SH SOLE 22,700
NEW YORK TIMES CO CL A 650111107 1,286 34,300 SH SOLE 34,300
NEWELL RUBBERMAID INC COM 651229106 1,585 55,482 SH SOLE 55,482
NEWMONT MNG CORP COM COM 651639106 853 32,952 SH SOLE 32,952
NEXTEL COMMUNICATIONS INC CL A 65332V103 4,421 64,200 SH SOLE 64,200
NIAGARA MOHAWK HLDGS INC COM 653520106 574 36,900 SH SOLE 36,900
NICOR INC COM 654086107 346 9,300 SH SOLE 9,300
NIKE INC CL B 654106103 3,145 55,300 SH SOLE 55,300
NORDSTROM INC COM 655664100 745 27,600 SH SOLE 27,600
NORFOLK SOUTHN CORP COM 655844108 1,833 74,824 SH SOLE 74,824
NORTEL NETWORKS CORP COM 656569100 13,320 261,168 SH SOLE 261,168
NORTHERN STS PWR CO COM 665772109 653 30,300 SH SOLE 30,300
NORTHERN TR CORP COM 665859104 1,829 21,900 SH SOLE 21,900
NORTHPOINT COMMUNICATIONS GROUP, COM 666610100 23,595 1,275,423 SH SOLE 1,275,423
INC.
NORTHROP GRUMMAN CORP COM 666807102 866 13,619 SH SOLE 13,619
NOVELL INC COM 670006105 1,364 65,951 SH SOLE 65,951
NUCOR CORP COM 670346105 819 17,200 SH SOLE 17,200
OBJECT DESIGN, INC. COM 674416102 652 142,857 SH SOLE 142,857
OCCIDENTAL PETE CORP COM 674599105 1,586 68,600 SH SOLE 68,600
OFFICE DEPOT INC COM 676220106 775 73,800 SH SOLE 73,800
OMNICOM GROUP INC COM 681919106 2,764 34,900 SH SOLE 34,900
FAIR MARKET VALUE TOTAL: 113,999
<PAGE>
ONEOK INC NEW COM 682680103 188 6,200 SH SOLE 6,200
OPEN MARKET, INC. COM 68370M100 4,408 335,852 SH SOLE 335,852
ORACLE CORPORATION COM 68389X105 12,888 283,250 SH SOLE 283,250
OWENS CORNING COM 69073F103 234 10,800 SH SOLE 10,800
OWENS ILL INC COM NEW 690768403 608 30,700 SH SOLE 30,700
P P & L RESOURCES INC COM 693499105 839 31,000 SH SOLE 31,000
PACCAR INC COM 693718108 783 15,400 SH SOLE 15,400
PACIFICORP COM 695114108 1,177 58,500 SH SOLE 58,500
PAINE WEBBER GROUP INC COM 695629105 1,037 28,600 SH SOLE 28,600
PALL CORP COM 696429307 566 24,400 SH SOLE 24,400
PARAMETRIC TECHNOLOGY CORP COM 699173100 716 53,000 SH SOLE 53,000
PARKER HANNIFIN CORP COM 701094104 959 21,400 SH SOLE 21,400
PAYCHEX INC COM 704326107 1,652 48,400 SH SOLE 48,400
PE CORP COM PE BIOSYS GROUP COM 69332S102 1,452 20,100 SH SOLE 20,100
PECO ENERGY CO COM 693304107 1,376 36,700 SH SOLE 36,700
PENNEY J C INC COM 708160106 1,789 51,850 SH SOLE 51,850
PEOPLES ENERGY CORP ILL COM 711030106 246 7,000 SH SOLE 7,000
PEOPLESOFT INC COM COM 712713106 811 47,900 SH SOLE 47,900
PEP BOYS MANNY MOE & JACK COM 713278109 155 10,400 SH SOLE 10,400
PEPSICO INC COM 713448108 8,778 287,802 SH SOLE 287,802
PERSISTENCE SOFTWARE, INC. COM 715329108 18,596 651,048 SH SOLE 651,048
PFIZER INC COM 717081103 27,355 762,500 SH SOLE 762,500
PG&E CORP COM 69331C108 1,955 75,552 SH SOLE 75,552
PHARMACIA & UPJOHN INC COM 716941109 4,949 99,729 SH SOLE 99,729
PHELPS DODGE CORP COM 717265102 626 11,375 SH SOLE 11,375
PHILIP MORRIS COS INC COM 718154107 16,079 470,310 SH SOLE 470,310
PHILLIPS PETE CO COM 718507106 2,428 49,800 SH SOLE 49,800
PHOENIX TECHNOLOGY LTD. COM 719153108 10,012 894,971 SH SOLE 894,971
PIONEER HI BRED INTL COM 723686101 1,869 47,100 SH SOLE 47,100
PITNEY BOWES INC COM 724479100 3,211 52,700 SH SOLE 52,700
PLACER DOME INC COM 725906101 953 64,100 SH SOLE 64,100
PNC BK CORP COM 693475105 3,151 59,800 SH SOLE 59,800
POLAROID CORP COM 731095105 226 8,700 SH SOLE 8,700
FAIR MARKET VALUE TOTAL: 132,072
<PAGE>
POTLATCH CORP COM 737628107 235 5,700 SH SOLE 5,700
PPG INDS INC COM 693506107 2,052 34,202 SH SOLE 34,202
PRAXAIR INC COM 74005P104 1,442 31,347 SH SOLE 31,347
PROCTER & GAMBLE CO COM 742718109 24,505 261,390 SH SOLE 261,390
PROGRESSIVE CORP OHIO COM 743315103 1,176 14,400 SH SOLE 14,400
PROXIM, INC. COM 744284100 14,720 320,000 SH SOLE 320,000
PROVIDIAN FINL CORP COM 74406A102 2,213 27,950 SH SOLE 27,950
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,665 43,100 SH SOLE 43,100
PULTTE CORP COM 745867101 185 8,500 SH SOLE 8,500
QUAKER OATS CO COM 747402105 1,627 26,300 SH SOLE 26,300
QUALCOMM INC COM 747525103 5,978 31,600 SH SOLE 31,600
QUOKKA SPORTS, INC. COM 749077103 29,027 4,184,093 SH SOLE 4,184,093
RADISYS COORPORATION COM 750459109 46,557 1,186,167 SH SOLE 1,186,167
RALSTON PURINA CO-RALSTON COM 751277302 1,773 63,600 SH SOLE 63,600
RAVISENT TECHNOLOGIES, INC. COM 754440105 7,901 549,650 SH SOLE 549,650
RAYTHEON CO CL B 755111408 3,298 66,456 SH SOLE 66,456
RED HAT SOFTWARE, INC. COM 756577102 288,486 3,005,058 SH SOLE 3,005,058
REEBOK INTL LTD COM 758110100 118 11,000 SH SOLE 11,000
REGIONS FINL CORP COM 758940100 1,323 44,100 SH SOLE 44,100
RELIANT ENERGY INC COM 75952J108 1,576 58,222 SH SOLE 58,222
REPUBLIC N Y CORP COM 760719104 1,266 20,600 SH SOLE 20,600
RESEARCH IN MOTION LIMITED COM 760975102 28,669 926,667 SH SOLE 926,667
REYNOLDS METALS CO COM 761763101 749 12,400 SH SOLE 12,400
RITE AID CORP COM 767754104 703 50,900 SH SOLE 50,900
ROCKWELL INTL CORP COM 773903109 1,974 37,600 SH SOLE 37,600
ROHM & HAAS CO NEW COM 775371107 1,547 42,813 SH SOLE 42,813
ROWAN COS INC COM 779382100 267 16,400 SH SOLE 16,400
ROYAL DUTCH PETE CO N Y COM 780257804 24,921 421,940 SH SOLE 421,940
RUSSELL CORP COM 782352108 94 6,600 SH SOLE 6,600
RYDER SYS INC COM 783549108 279 13,700 SH SOLE 13,700
SAFECO CORP COM 786429100 725 25,900 SH SOLE 25,900
SAFEWAY INC COM NEW 786514208 3,821 100,400 SH SOLE 100,400
SARA LEE CORP COM 803111103 4,156 177,800 SH SOLE 177,800
FAIR MARKET VALUE TOTAL: 505,028
<PAGE>
SBC COMMUNICATIONS INC COM 78387G103 19,767 387,112 SH SOLE 387,112
SCHERING PLOUGH CORP COM 806605101 12,605 288,940 SH SOLE 288,940
SCHLUMBERGER LTD COM 806857108 6,717 107,800 SH SOLE 107,800
SCHWAB CHARLES CORP NEW COM 808513105 5,380 160,900 SH SOLE 160,900
SCIENTIFIC ATLANTA INC COM 808655104 743 15,000 SH SOLE 15,000
SCM MICROSYSTEMS, INC. COM 784018103 7,936 174,650 SH SOLE 174,650
SEAGATE TECHNOLOGY COM 811804103 1,341 43,800 SH SOLE 43,800
SEAGRAM LTD COM 811850106 3,872 85,100 SH SOLE 85,100
SEALED AIR CORP New COM 81211K100 845 16,476 SH SOLE 16,476
SEARS ROEBUCK & CO COM 812387108 2,350 74,900 SH SOLE 74,900
SEMPRA ENERGY COM 816851109 985 47,312 SH SOLE 47,312
SERVICE CORP INTL COM 817565104 565 53,500 SH SOLE 53,500
SHARED MED SYS CORP COM 819486101 248 5,300 SH SOLE 5,300
SHERWIN WILLIAMS CO COM 824348106 697 33,300 SH SOLE 33,300
SIGMA ALDRICH CORP COM 826552101 629 19,800 SH SOLE 19,800
SILICON GRAPHICS INC COM 827056102 406 37,100 SH SOLE 37,100
SILICON VALLEY GROUP, INC. COM 827066101 5,884 498,100 SH SOLE 498,100
SILKNET SOFTWARE, INC. COM 827094103 26,371 571,736 SH SOLE 571,736
SILVERSTREAM SOFTWARE, INC. COM 827907106 745 23,944 SH OTHER** 1 23,944
SILVERSTREAM SOFTWARE, INC. COM 827907106 2,531 81,319 SH OTHER** 81,319
SILVERSTREAM SOFTWARE, INC. COM 827907106 11,860 381,054 SH SOLE 381,054
SLM HLDG CORP COM 78442A109 1,363 31,700 SH SOLE 31,700
SNAP ON INC COM 833034101 419 12,900 SH SOLE 12,900
SOLECTRON CORP COM 834182107 3,813 53,100 SH SOLE 53,100
SONAT INC COM 835415100 861 21,700 SH SOLE 21,700
SOUTHERN CO COM 842587107 3,461 134,400 SH SOLE 134,400
SOUTHTRUST CORP COM 844730101 1,184 33,000 SH SOLE 33,000
SOUTHWEST AIRLS CO COM 844741108 1,506 99,193 SH SOLE 99,193
SPRINGS INDS INC CL A 851783100 120 3,550 SH SOLE 3,550
SPRINT CORP COM FON 852061100 9,259 170,680 SH SOLE 170,680
GROUP
**See last page of report
FAIR MARKET VALUE TOTAL: 134,463
<PAGE>
SPRINT CORP PCS COM 852061506 6,453 86,545 SH SOLE 86,545
SER 1
ST JUDE MED INC COM 790849103 524 16,632 SH SOLE 16,632
ST PAUL COS INC COM 792860108 1,226 44,574 SH SOLE 44,574
STAMPS.COM, INC. COM 852857101 28,484 819,673 SH SOLE 819,673
STANDARD MICROSYSTEMS CORP. COM 853626109 14,268 1,542,506 SH SOLE 1,542,506
STANLEY WKS COM 854616109 442 17,540 SH SOLE 17,540
STAPLES INC COM 855030102 1,995 91,450 SH SOLE 91,450
STARMEDIA NETWORK, INC. COM 855546107 71,908 1,958,333 SH SOLE 1,958,333
STATE STREET CORP COM 857477103 2,049 31,700 SH SOLE 31,700
STREAMLINE, INC. COM 863239109 2,312 285,714 SH SOLE 285,714
STYLECLICK.COM, INC. COM 864221106 3,130 455,218 SH SOLE 455,218
SUMMIT BANCORP COM 866005101 1,129 34,800 SH SOLE 34,800
SUN MICROSYSTEMS INC COM 866810104 14,549 156,443 SH SOLE 156,443
SUNOCO INC COM 86764P109 489 17,845 SH SOLE 17,845
SUNTRUST BKS INC COM 867914103 4,165 63,350 SH SOLE 63,350
SUPERVALU INC COM 868536103 602 27,300 SH SOLE 27,300
SYNOVUS FINL CORP COM 87161C105 997 53,350 SH SOLE 53,350
SYSCO CORP COM 871829107 2,283 65,100 SH SOLE 65,100
SYSTEMSOFT CORP. COM 871926101 361 2,004,292 SH SOLE 2,004,292
TALK CITY, INC. COM 874263106 6,375 750,000 SH SOLE 750,000
TANDY CORP COM 875382103 1,964 38,000 SH SOLE 38,000
TEKTRONIX INC COM 879131100 310 9,267 SH SOLE 9,267
TELLABS INC COM 879664100 4,384 77,000 SH SOLE 77,000
TEMPLE INLAND INC COM 879868107 671 11,000 SH SOLE 11,000
TENET HEALTHCARE CORP COM 88033G100 1,073 61,074 SH SOLE 61,074
TENNECO INC NEW COM 88037E101 570 33,500 SH SOLE 33,500
TEXACO INC COM 881694103 6,868 108,800 SH SOLE 108,800
TEXAS INSTRS INC COM 882508104 12,716 154,600 SH SOLE 154,600
TEXAS UTILS CO COM 882848104 2,028 54,365 SH SOLE 54,365
TEXTRON INC COM 883203101 2,290 29,600 SH SOLE 29,600
THERMO ELECTRON CORP COM 883556102 418 31,100 SH SOLE 31,100
THOMAS & BETTS CORP COM 884315102 571 11,200 SH SOLE 11,200
FAIR MARKET VALUE TOTAL: 197,604
<PAGE>
TIME WARNER INC COM 887315109 15,457 254,434 SH SOLE 254,434
TIMES MIRROR CO NEW COM SER A 887364107 933 14,171 SH SOLE 14,171
TIMKEN CO COM 887389104 197 12,200 SH SOLE 12,200
TJX COS INC NEW COM 872540109 1,754 62,500 SH SOLE 62,500
TORCHMARK CORP COM 891027104 678 26,200 SH SOLE 26,200
TOSCO CORP COM 891490302 752 29,800 SH SOLE 29,800
TOYS R US INC COM 892335100 731 48,700 SH SOLE 48,700
TRIBUNE CO NEW COM 896047107 2,318 46,600 SH SOLE 46,600
TRICON GLOBAL RESTAURANTS INC COM 895953107 1,238 30,240 SH SOLE 30,240
TRW INC COM 872649108 1,189 23,900 SH SOLE 23,900
TUPPERWARE CORP COM 899896104 230 11,350 SH SOLE 11,350
TUT SYSTEMS, INC. COM 901103101 2,151 83,334 SH SOLE 83,334
TYCO INTL LTD NEW COM 902124106 17,001 164,658 SH SOLE 164,658
U S BANCORP DEL COM 902973106 4,345 143,921 SH SOLE 143,921
U S WEST INC NEW COM 91273H101 5,665 99,283 SH SOLE 99,283
U.S. INTERACTIVE, INC. COM 90334M109 5,516 250,000 SH SOLE 250,000
UNICOM CORP COM 904911104 1,581 42,800 SH SOLE 42,800
UNILEVER N V NY SHS 904784709 7,662 112,475 SH SOLE 112,475
NEW
UNION CARBIDE CORP COM 905581104 1,486 26,165 SH SOLE 26,165
UNION PAC CORP COM 907818108 2,345 48,800 SH SOLE 48,800
UNION PAC RES GROUP INC COM 907834105 806 49,578 SH SOLE 49,578
UNION PLANTERS CORP TENN COM 908068109 1,145 28,100 SH SOLE 28,100
UNISYS CORP COM 909214108 2,717 60,200 SH SOLE 60,200
UNITED HEALTHCARE CORP COM 910581107 1,660 34,085 SH SOLE 34,085
UNITED TECHNOLOGIES CORP COM 913017109 5,623 94,800 SH SOLE 94,800
UNOCAL CORP COM 915289102 1,768 47,700 SH SOLE 47,700
UNUMPROVIDENT CORP COM 91529Y106 1,383 46,991 SH SOLE 46,991
US AIRWAYS GROUP INC COM 911905107 370 14,100 SH SOLE 14,100
UST INC COM 902911106 1,033 34,219 SH SOLE 34,219
USX MARATHON GROUP COM NEW 902905827 1,778 60,800 SH SOLE 60,800
USX U S STL GROUP COM 90337T101 448 17,400 SH SOLE 17,400
FAIR MARKET VALUE TOTAL: 91,960
<PAGE>
V F CORP COM 918204108 725 23,400 SH SOLE 23,400
VIACOM INC CL B 925524308 5,792 137,100 SH SOLE 137,100
VOXWARE, INC. COM 92906L105 500 500,000 SH SOLE 500,000
VTEL CORP. COM 918333105 6,169 1,672,846 SH SOLE 1,672,846
VULCAN MATLS CO COM 929160109 722 19,700 SH SOLE 19,700
WACHOVIA CORP COM 929771103 3,129 39,800 SH SOLE 39,800
WAL MART STORES INC COM 931142103 41,651 875,714 SH SOLE 875,714
WALGREEN CO COM 931422109 5,012 197,500 SH SOLE 197,500
WARNER LAMBERT CO COM 934488107 11,164 168,200 SH SOLE 168,200
WASHINGTON MUTUAL INC COM 939322103 3,333 113,941 SH SOLE 113,941
WASTE MGMT INC DEL COM 94106L109 2,346 121,858 SH SOLE 121,858
WATSON PHARMACEUTICALS INC COM 942683103 578 18,900 SH SOLE 18,900
WAVO CORP. COM 944027101 2,219 500,000 SH SOLE 500,000
WELLPOINT HEALTH NETWORK INC COM 94973H108 735 12,900 SH SOLE 12,900
WELLS FARGO & CO NEW COM 949746101 12,860 324,550 SH SOLE 324,550
WENDYS INTL INC COM 950590109 633 23,885 SH SOLE 23,885
WESTVACO CORP COM 961548104 506 19,750 SH SOLE 19,750
WEYERHAEUSER CO COM 962166104 2,279 39,553 SH SOLE 39,553
WHIRLPOOL CORP COM 963320106 967 14,800 SH SOLE 14,800
WILLAMETTE INDS INC COM 969133107 949 22,000 SH SOLE 22,000
WILLIAMS COS INC COM 969457100 3,217 85,492 SH SOLE 85,492
WINN DIXIE STORES INC COM 974280109 867 29,200 SH SOLE 29,200
WORTHINGTON INDS INC COM 981811102 308 18,100 SH SOLE 18,100
WRIGLEY WM JR CO COM 982526105 1,576 22,900 SH SOLE 22,900
XEROX CORP COM 984121103 5,473 130,500 SH SOLE 130,500
XIRCOM, INC. COM 983922105 107,419 2,516,405 SH SOLE 2,516,405
YAHOO! INC. COM 984332106 98,189 547,016 SH SOLE 547,016
FAIR MARKET VALUE TOTAL: 319,318
FAIR MARKET VALUE GRAND TOTAL: 4,957,681
**Reflects shares held in the Intel 64 Fund LLC, with Manager 1's indirect pro
rata interest reported separately. All fund investors participating in this
investment (including Manager 1 and the Reporting Person) share investment
discretion and voting authority over the combined shares shown as Shared-Other.
Manager 1 has informed the Reporting Person that Manager 1 is required to file
Forms 13F for a consolidated group which includes one fund investor. The
remaining fund investors have informed the reporting person that they are not
separately required to file reports on Form 13F.
</TABLE>
