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, 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 August 13, 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: -0-
Form 13F Information Table Entry Total: 550
Form 13F Information Table Value Total: $3,916,517,000
*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.
NONE
<PAGE>
<TABLE> 6/30/99
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 * 2,947 1,309,850 SH SOLE 1,309,850
* COM * 6,888 297,872 SH SOLE 297,872
3COM CORP COM 885535104 1,895 71,000 SH SOLE 71,000
3DLABS INC., LTD. ORD G8846W103 723 218,163 SH SOLE 218,163
ABBOTT LABS COM 002824100 13,619 300,140 SH SOLE 300,140
ADOBE SYS INC DEL COM 00724F101 986 12,000 SH SOLE 12,000
ADVANCED MICRO DEVICES INC COM 007903107 518 28,679 SH SOLE 28,679
AES CORP COM 00130H105 2,186 37,600 SH SOLE 37,600
AETNA INC COM 008117103 2,532 28,306 SH SOLE 28,306
AFLAC INC COM 001055102 2,528 52,800 SH SOLE 52,800
AIR PRODS & CHEMS INC COM 009158106 1,827 45,400 SH SOLE 45,400
ALBERTO CULVER CO CL B COM 013068101 301 11,300 SH SOLE 11,300
ALBERTSONS INC COM 013104104 4,271 82,841 SH SOLE 82,841
ALCAN ALUM LTD COM 013716105 1,437 45,000 SH SOLE 45,000
ALCOA INC COM 013817101 4,492 72,600 SH SOLE 72,600
ALLEGHENY TELEDYNE INC COM 017415100 878 38,797 SH SOLE 38,797
ALLERGAN INC COM 018490102 1,454 13,100 SH SOLE 13,100
ALLIED SIGNAL INC COM 019512102 6,943 110,200 SH SOLE 110,200
ALLSTATE CORP COM 020002101 5,822 162,280 SH SOLE 162,280
FAIR MARKET VALUE TOTAL: 62,247
* Requested confidential treatment for this investment.
<PAGE>
ALLTEL CORP COM 020039103 3,890 54,400 SH SOLE 54,400
ALZA CORP COM 022615108 1,007 19,800 SH SOLE 19,800
AMERADA HESS CORP COM 023551104 1,065 17,900 SH SOLE 17,900
AMEREN CORP COM 023608102 1,042 27,150 SH SOLE 27,150
AMERICA ONLINE, INC. COM 02364J104 35,870 334,681 SH SOLE 334,681
AMERICAN ELEC PWR INC COM 025537101 1,420 37,800 SH SOLE 37,800
AMERICAN EXPRESS CO COM 025816109 11,650 89,528 SH SOLE 89,528
AMERICAN GEN CORP COM 026351106 3,760 49,881 SH SOLE 49,881
AMERICAN GREETINGS CORP CL A COM 026375105 417 13,845 SH SOLE 13,845
AMERICAN HOME PRODS CORP COM 026609107 14,955 260,660 SH SOLE 260,660
AMERICAN INTL GROUP INC COM 026874107 28,478 242,880 SH SOLE 242,880
AMERITECH CORP NEW COM 030954101 15,979 217,400 SH SOLE 217,400
AMGEN INC COM 031162100 6,130 100,700 SH SOLE 100,700
AMR CORP DEL COM 001765106 2,464 36,100 SH SOLE 36,100
AMSOUTH BANCORPORATION COM 032165102 819 35,300 SH SOLE 35,300
ANADARKO PETE CORP COM 032511107 920 25,000 SH SOLE 25,000
ANDREW CORP COM 034425108 310 16,375 SH SOLE 16,375
ANHEUSER BUSCH COS INC COM 035229103 6,704 94,500 SH SOLE 94,500
AON CORP COM 037389103 2,080 50,435 SH SOLE 50,435
APACHE CORP COM 037411105 854 21,900 SH SOLE 21,900
APPLE COMPUTER INC COM 037833100 1,459 31,500 SH SOLE 31,500
APPLIED MATLS INC COM 038222105 5,393 73,000 SH SOLE 73,000
ARCHER DANIELS MIDLAND CO COM 039483102 1,808 117,138 SH SOLE 117,138
ARMSTRONG WORLD INDS INC COM 042476101 457 7,900 SH SOLE 7,900
ASARCO INC COM 043413103 147 7,800 SH SOLE 7,800
ASHLAND INC COM 044204105 590 14,700 SH SOLE 14,700
ASSOCIATES FIRST CAP CORP CL A COM 046008108 6,355 144,022 SH SOLE 144,022
AT HOME CORPORATION COM SER A 045919107 14,420 280,000 SH SOLE 280,000
AT&T CORP COM 001957109 34,738 622,414 SH SOLE 622,414
ATLANTIC RICHFIELD CO COM 048825103 5,390 64,500 SH SOLE 64,500
AUTODESK INC COM 052769106 6,292 224,550 SH SOLE 11,700
AUTOMATIC DATA PROCESSING INC COM 053015103 5,359 121,800 SH SOLE 121,800
FAIR MARKET VALUE TOTAL: 222,222
<PAGE>
AUTOZONE INC COM 053332102 895 29,700 SH SOLE 29,700
AVERY DENNISON CORP COM 053611109 1,389 23,000 SH SOLE 23,000
AVID TECHNOLOGY, INC. COM 05367P100 12,039 802,632 SH SOLE 802,632
AVON PRODS INC COM 054303102 2,880 51,900 SH SOLE 51,900
BACKWEB TECHNOLOGIES, LTD. ORD M15633106 9,194 507,247 SH SOLE 507,247
BAKER HUGHES INC COM 057224107 2,166 64,670 SH SOLE 64,670
BALL CORP COM 058498106 258 6,100 SH SOLE 6,100
BANK NEW YORK INC COM 064057102 5,520 150,464 SH SOLE 150,464
BANK OF AMERICA CORP COM 060505104 25,095 342,296 SH SOLE 342,296
BANK ONE CORP COM 06423A103 13,850 232,526 SH SOLE 232,526
BANKBOSTON CORP COM 06605R106 2,996 58,600 SH SOLE 58,600
BANKERS TRUST CORP COM 066365107 372 4,000 SH SOLE 4,000
BARD C R INC COM 067383109 507 10,600 SH SOLE 10,600
BARRICK GOLD CORP COM 067901108 1,430 73,800 SH SOLE 73,800
BATTLE MTN GOLD CO COM 071593107 111 45,500 SH SOLE 45,500
BAUSCH & LOMB INC COM 071707103 849 11,100 SH SOLE 11,100
BAXTER INTL INC COM 071813109 3,431 56,600 SH SOLE 56,600
BB&T CORP COM 054937107 2,256 61,500 SH SOLE 61,500
BEA SYSTEMS, INC. COM 073325102 1,226 53,734 SH SOLE 53,734
BEAR STEARNS COS INC COM 073902108 1,030 22,040 SH SOLE 22,040
BECTON DICKINSON & CO COM 075887109 1,476 49,200 SH SOLE 49,200
BELL ATLANTIC CORP COM 077853109 20,071 307,012 SH SOLE 307,012
BELLSOUTH CORP COM 079860102 17,791 385,712 SH SOLE 385,712
BEMIS INC COM 081437105 413 10,400 SH SOLE 10,400
BESTFOODS COM 08658U101 2,797 56,500 SH SOLE 56,500
BETHLEHEM STL CORP COM 087509105 198 25,700 SH SOLE 25,700
BIOMET INC COM 090613100 882 22,200 SH SOLE 22,200
BLACK & DECKER CORP COM 091797100 1,098 17,400 SH SOLE 17,400
BLOCK H & R INC COM 093671105 965 19,300 SH SOLE 19,300
BMC SOFTWARE INC COM 055921100 2,516 46,600 SH SOLE 46,600
BOEING CO COM 097023105 8,164 185,546 SH SOLE 185,546
BOISE CASCADE CORP COM 097383103 478 11,155 SH SOLE 11,155
BOSTON SCIENTIFIC CORP COM 101137107 3,414 77,712 SH SOLE 77,712
BRIGGS & STRATTON CORP COM 109043109 266 4,600 SH SOLE 4,600
FAIR MARKET VALUE TOTAL: 148,024
<PAGE>
BRISTOL MYERS SQUIBB CO COM 110122108 27,681 392,988 SH SOLE 392,988
BROADCAST.COM, INC. COM 111310108 102,866 770,172 SH SOLE 770,172
BROWN FORMAN CORP CL B COM 115637209 880 13,500 SH SOLE 13,500
BROWNING FERRIS INDS INC COM 115885105 1,346 31,300 SH SOLE 31,300
BRUNSWICK CORP COM 117043109 507 18,200 SH SOLE 18,200
BURLINGTON NORTH SANTA FE CORP COM 12189T104 2,877 92,806 SH SOLE 92,806
BURLINGTON RES INC COM 122014103 1,518 35,108 SH SOLE 35,108
CABLETRON SYS INC COM 126920107 443 34,100 SH SOLE 34,100
CAMPBELL SOUP CO COM 134429109 4,076 87,900 SH SOLE 87,900
CAPITAL ONE FINL CORP COM 14040H105 2,166 38,900 SH SOLE 38,900
CARDINAL HEALTH INC COM 14149Y108 3,450 53,800 SH SOLE 53,800
CARNIVAL CORP COM 143658102 5,878 121,200 SH SOLE 121,200
CAROLINA PWR & LT CO COM 144141108 1,283 29,976 SH SOLE 29,976
CASE CORP COM 14743R103 703 14,600 SH SOLE 14,600
CATERPILLAR INC COM 149123101 4,257 70,954 SH SOLE 70,954
CBS CORP COM 12490K107 6,085 139,678 SH SOLE 139,678
CENDANT CORP COM 151313103 3,114 151,905 SH SOLE 151,905
CENTEX CORP COM 152312104 443 11,800 SH SOLE 11,800
CENTRAL & SOUTH WEST CORP COM 152357109 983 42,034 SH SOLE 42,034
CENTURYTEL INC COM 156700106 1,083 27,250 SH SOLE 27,250
CERIDIAN CORP COM 15677T106 926 28,318 SH SOLE 28,318
CHAMPION INTL CORP COM 158525105 905 18,900 SH SOLE 18,900
CHASE MANHATTAN CORP NEW COM 16161A108 14,472 167,304 SH SOLE 167,304
CHEVRON CORP COM 166751107 12,263 129,000 SH SOLE 129,000
CHUBB CORP COM 171232101 2,243 32,277 SH SOLE 32,277
CIGNA CORP COM 125509109 3,631 40,800 SH SOLE 40,800
CINCINNATI FINL CORP COM 172062101 1,240 33,000 SH SOLE 33,000
CINERGY CORP COM 172474108 1,005 31,400 SH SOLE 31,400
CIRCUIT CITY GROUP COM 172737108 1,851 19,900 SH SOLE 19,900
CISCO SYS INC COM 17275R102 40,253 624,680 SH SOLE 624,680
CITIGROUP INC COM 172967101 31,822 669,946 SH SOLE 669,946
CLEAR CHANNEL COMMUNICATIONS COM 184502102 4,405 63,900 SH SOLE 63,900
CLOROX CO COM 189054109 2,478 23,200 SH SOLE 23,200
CMGI, INC. COM 125750109 379,789 4,029,588 SH SOLE 4,029,588
FAIR MARKET VALUE TOTAL: 668,923
<PAGE>
CMS ENERGY CORP COM 125896100 972 23,200 SH SOLE 23,200
COASTAL CORP COM 190441105 1,695 42,100 SH SOLE 42,100
COCA COLA CO COM 191216100 30,231 487,596 SH SOLE 487,596
COCA COLA ENTERPRISES INC COM 191219104 2,499 84,000 SH SOLE 84,000
COLGATE PALMOLIVE CO COM 194162103 5,703 57,900 SH SOLE 57,900
COLUMBIA ENERGY GROUP COM 197648108 1,036 16,528 SH SOLE 16,528
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 2,912 127,650 SH SOLE 127,650
COMCAST CORP CL A SPL COM 200300200 5,623 146,300 SH SOLE 146,300
COMERICA INC COM 200340107 1,829 30,767 SH SOLE 30,767
COMPAQ COMPUTER CORP COM 204493100 7,905 333,710 SH SOLE 333,710
COMPUTER ASSOC INTL INC COM 204912109 5,835 106,575 SH SOLE 106,575
COMPUTER SCIENCES CORP COM 205363104 2,172 31,400 SH SOLE 31,400
COMPUWARE CORP COM 205638109 2,313 72,700 SH SOLE 72,700
CONAGRA INC COM 205887102 2,578 96,814 SH SOLE 96,814
CONSECO INC COM 208464107 1,929 63,367 SH SOLE 63,367
CONSOLIDATED EDISON INC COM 209115104 2,086 46,100 SH SOLE 46,100
CONSOLIDATED NAT GAS CO COM 209615103 1,154 19,000 SH SOLE 19,000
CONSOLIDATED STORES CORP COM 210149100 586 21,700 SH SOLE 21,700
CONSTELLATION ENGY GRP INC COM 210371100 874 29,500 SH SOLE 29,500
COOPER INDS INC COM 216669101 972 18,700 SH SOLE 18,700
COOPER TIRE & RUBR CO COM 216831107 354 15,000 SH SOLE 15,000
COORS ADOLPH CO CL B COM 217016104 356 7,200 SH SOLE 7,200
COPPER MOUNTAIN NETWORKS, INC. COM 217510106 41,142 709,345 SH SOLE 709,345
CORNING INC COM 219350105 3,387 48,300 SH SOLE 48,300
COSTCO COS INC COM 22160Q102 3,459 43,200 SH SOLE 43,200
COUNTRYWIDE CR INDS INC COM 222372104 953 22,300 SH SOLE 22,300
COVAD COMMUNICATIONS GROUP, INC COM 222814204 154,861 3,709,242 SH SOLE 3,709,242
CRANE CO COM 224399105 425 13,525 SH SOLE 13,525
CROWN CORK & SEAL INC COM 228255105 688 24,153 SH SOLE 24,153
CSX CORP COM 126408103 1,947 42,900 SH SOLE 42,900
CUMMINS ENGINE INC COM 231021106 474 8,300 SH SOLE 8,300
CVS CORP COM 126650100 3,913 77,100 SH SOLE 77,100
CYPRUS AMAX MINERALS CO COM 232809103 275 18,000 SH SOLE 18,000
DANA CORP COM 235811106 1,510 32,791 SH SOLE 32,791
FAIR MARKET VALUE TOTAL: 294,648
<PAGE>
DANAHER CORP COM 235851102 1,540 26,500 SH SOLE 26,500
DARDEN RESTAURANTS INC COM 237194105 593 27,200 SH SOLE 27,200
DATA GEN CORP COM 237688106 144 9,900 SH SOLE 9,900
DAYTON HUDSON CORP COM 239753106 5,668 87,200 SH SOLE 87,200
DEERE & CO COM 244199105 1,850 47,200 SH SOLE 47,200
DELL COMPUTER CORP COM 247025109 18,622 503,300 SH SOLE 503,300
DELPHI AUTOMOTIVE SYS CORP COM 247126105 2,069 111,817 SH SOLE 111,817
DELTA AIR LINES INC DEL COM 247361108 1,614 28,000 SH SOLE 28,000
DELUXE CORP COM 248019101 617 15,900 SH SOLE 15,900
DILLARDS INC CL A COM 254067101 741 21,100 SH SOLE 21,100
DISNEY WALT CO COM 254687106 12,528 406,580 SH SOLE 406,580
DOLLAR GEN CORP COM 256669102 1,269 43,775 SH SOLE 43,775
DOMINION RES INC VA COM 257470104 1,672 38,600 SH SOLE 38,600
DONNELLEY R R & SONS CO COM 257867101 986 26,600 SH SOLE 26,600
DOVER CORP COM 260003108 1,544 44,100 SH SOLE 44,100
DOW CHEM CO COM 260543103 5,559 43,816 SH SOLE 43,816
DOW JONES & CO INC COM 260561105 987 18,600 SH SOLE 18,600
DTE ENERGY CO COM 233331107 1,170 28,700 SH SOLE 28,700
DU PONT E I DE NEMOURS & CO COM 263534109 15,213 222,694 SH SOLE 222,694
DUKE ENERGY CORP COM 264399106 3,899 71,624 SH SOLE 71,624
DUN & BRADSTREET CORP DEL COM 26483B106 1,159 32,700 SH SOLE 32,700
EASTERN ENTERPRISES COM 27637F100 177 4,450 SH SOLE 4,450
EASTMAN CHEM CO COM 277432100 812 15,700 SH SOLE 15,700
EASTMAN KODAK CO COM 277461109 4,338 64,031 SH SOLE 64,031
EATON CORP COM 278058102 1,297 14,100 SH SOLE 14,100
ECHOSTAR COMMUNICATIONS CORP. CL A 278762109 1,374 9,746 SH SOLE 9,746
ECOLAB INC COM 278865100 1,117 25,600 SH SOLE 25,600
EDISON INTL COM 281020107 1,867 69,800 SH SOLE 69,800
EG & G INC COM 268457108 314 8,800 SH SOLE 8,800
ELECTRONIC DATA SYS CORP NEW COM 285661104 5,521 97,500 SH SOLE 97,500
EMC CORP MASS COM 268648102 10,920 198,552 SH SOLE 198,552
EMERSON ELEC CO COM 291011104 5,444 86,500 SH SOLE 86,500
ENGELHARD CORP COM 292845104 561 24,800 SH SOLE 24,800
ENRON CORP COM 293561106 5,677 69,440 SH SOLE 69,440
FAIR MARKET VALUE TOTAL: 118,862
<PAGE>
ENTERGY CORP NEW COM 29364G103 1,525 48,800 SH SOLE 48,800
EQUIFAX INC COM 294429105 1,042 29,200 SH SOLE 29,200
ETOYS, INC. COM 297862104 308,161 7,691,502 SH SOLE 7691502
EVANS & SUTHERLAND COMPUTER COM 299096107 29 2,258 SH SOLE 2,258
CORP.
EXXON CORP COM 302290101 37,089 480,898 SH SOLE 480,898
FDX CORP COM COM 31304N107 3,176 58,540 SH SOLE 58,540
FEDERAL NATL MTG ASSN COM 313586109 13,998 205,100 SH SOLE 205,100
FEDERATED DEPT STORES INC DEL COM 31410H101 2,194 41,443 SH SOLE 41,443
FIFTH THIRD BANCORP COM 316773100 3,504 52,637 SH SOLE 52,637
FIRST DATA CORP COM 319963104 4,282 87,500 SH SOLE 87,500
FIRST UN CORP COM 337358105 9,232 195,915 SH SOLE 195,915
FIRSTAR CORP COM 33763V109 3,822 136,500 SH SOLE 136,500
FIRSTENERGY CORP COM 337932107 1,454 46,900 SH SOLE 46,900
FLEET FINL GROUP INC NEW COM 338915101 4,987 112,392 SH SOLE 112,392
FLEETWOOD ENTERPRISES INC COM 339099103 182 6,900 SH SOLE 6,900
FLUOR CORP COM 343861100 603 14,900 SH SOLE 14,900
FMC CORP NEW COM 302491303 444 6,500 SH SOLE 6,500
FORD MTR CO DEL COM 345370100 13,504 239,278 SH SOLE 239,278
FORT JAMES CORP COM 347471104 1,651 43,600 SH SOLE 43,600
FORTUNE BRANDS INC COM 349631101 1,398 33,790 SH SOLE 33,790
FOSTER WHEELER CORP COM 350244109 114 8,100 SH SOLE 8,100
FPL GROUP INC COM 302571104 1,952 35,735 SH SOLE 35,735
FRANKLIN RES INC COM 354613101 2,031 50,000 SH SOLE 50,000
FREDDIE MAC CORP COM 313400301 7,784 134,200 SH SOLE 134,200
FREEPORT MCMORAN COPPER B COM 35671D857 587 32,719 SH SOLE 32,719
FRONTIER CORP COM 35906P105 1,987 33,900 SH SOLE 33,900
FRUIT OF THE LOOM INC CL A COM G3682L105 139 14,300 SH SOLE 14,300
GANNETT INC COM 364730101 3,976 55,700 SH SOLE 55,700
GAP INC COM 364760108 8,518 169,100 SH SOLE 169,100
GATEWAY INC COM 367626108 1,825 30,900 SH SOLE 30,900
GENERAL DYNAMICS CORP COM 369550108 1,729 25,100 SH SOLE 25,100
GENERAL ELEC CO COM 369604103 73,239 648,132 SH SOLE 648,132
GENERAL INSTR CORP DEL COM 370120107 1,409 33,152 SH SOLE 33,152
GENERAL MLS INC COM 370334104 2,435 30,300 SH SOLE 30,300
FAIR MARKET VALUE TOTAL: 520,002
<PAGE>
GENERAL MTRS CORP COM 370442105 8,547 129,496 SH SOLE 129,496
GENUINE PARTS CO COM 372460105 1,246 35,600 SH SOLE 35,600
GEORGIA PAC CORP COM 373298108 1,649 34,800 SH SOLE 34,800
GILLETTE CO COM 375766102 8,995 219,400 SH SOLE 219,400
GOLDEN WEST FINL CORP DEL COM 381317106 1,107 11,300 SH SOLE 11,300
GOODRICH B F CO COM 382388106 625 14,700 SH SOLE 14,700
GOODYEAR TIRE & RUBR CO COM 382550101 1,811 30,800 SH SOLE 30,800
GPU INC COM 36225X100 1,067 25,300 SH SOLE 25,300
GRACE WR & CO DEL NEW COM 38388F108 276 14,500 SH SOLE 14,500
GRAINGER W W INC COM 384802104 1,012 18,800 SH SOLE 18,800
GREAT ATLANTIC & PAC TEA INC COM 390064103 257 7,600 SH SOLE 7,600
GREAT LAKES CHEM CORP COM 390568103 539 11,700 SH SOLE 11,700
GTE CORP COM 362320103 14,416 190,934 SH SOLE 190,934
GUIDANT CORP COM 401698105 3,047 59,600 SH SOLE 59,600
HALLIBURTON CO COM 406216101 3,934 86,950 SH SOLE 86,950
HARCOURT GEN INC COM 41163G101 722 14,000 SH SOLE 14,000
HARRAHS ENTMT INC COM 413619107 550 24,950 SH SOLE 24,950
HARRIS CORP DEL COM 413875105 611 15,600 SH SOLE 15,600
HARTFORD FINL SVCS GROUP INC COM 416515104 2,690 46,136 SH SOLE 46,136
HASBRO INC COM 418056107 1,085 38,850 SH SOLE 38,850
HCR MANOR CARE INC COM 404134108 530 21,900 SH SOLE 21,900
HEALTHSOUTH CORP COM 421924101 1,245 83,700 SH SOLE 83,700
HEINZ H J CO COM 423074103 3,589 71,600 SH SOLE 71,600
HELMERICH & PAYNE INC COM 423452101 232 9,800 SH SOLE 9,800
HERCULES INC COM 427056106 782 19,900 SH SOLE 19,900
HERSHEY FOODS CORP COM 427866108 1,680 28,300 SH SOLE 28,300
HEWLETT PACKARD CO COM 428236103 20,177 200,770 SH SOLE 200,770
HILTON HOTELS CORP COM 432848109 732 51,600 SH SOLE 51,600
HOLLYWOOD ENTERTAINMENT CORP COM 436141105 8,696 463,774 SH SOLE 463,774
HOME DEPOT INC COM 437076102 18,790 291,600 SH SOLE 291,600
HOMESTAKE MNG CO COM 437614100 421 51,403 SH SOLE 51,403
HONEYWELL INC COM COM 438506107 2,885 24,900 SH SOLE 24,900
HOUSEHOLD INTL INC COM 441815107 4,522 95,448 SH SOLE 95,448
HUMANA INC COM 444859102 428 33,100 SH SOLE 33,100
FAIR MARKET VALUE TOTAL: 118,895
<PAGE>
HUNTINGTON BANCSHARES INC COM 446150104 1,460 41,700 SH SOLE 41,700
IBM CORP COM 459200101 47,180 365,028 SH SOLE 365,028
IKON OFFICE SOLUTIONS INC COM 451713101 438 29,200 SH SOLE 29,200
ILLINOIS TOOL WKS INC COM 452308109 4,047 49,500 SH SOLE 49,500
IMS HEALTH INC COM 449934108 1,969 63,000 SH SOLE 63,000
INCO LTD COM 453258402 644 35,800 SH SOLE 35,800
INFORMIX CORP. COM 456779107 25 3,648 SH SOLE 3,648
INGERSOLL RAND CO COM 456866102 2,104 32,550 SH SOLE 32,550
INKTOMI CORPORATION COM 457277101 84,860 794,945 SH SOLE 794,945
INTEL CORP CALIF COM 458140100 12,459 209,400 SH SOLE 209,400
INTERNATIONAL PAPER CO COM 460146103 4,074 81,077 SH SOLE 81,077
INTERPUBLIC GROUP COS INC COM 460690100 2,378 27,450 SH SOLE 27,450
INTL FLAVORS & FRAGRANCES INC COM 459506101 924 21,000 SH SOLE 21,000
ISOCOR COM 464902105 2,297 375,000 SH SOLE 375,000
ITT INDS INC IND COM 450911102 686 17,985 SH SOLE 17,985
IVILLAGE, INC. COM 46588H105 19,336 474,513 SH SOLE 474513
JEFFERSON PILOT CORP COM 475070108 1,385 20,925 SH SOLE 20,925
JOHNSON & JOHNSON COM 478160104 26,064 265,957 SH SOLE 265,957
JOHNSON CTLS INC COM 478366107 1,164 16,800 SH SOLE 16,800
JOSTENS INC COM 481088102 147 7,000 SH SOLE 7,000
JUNO ONLINE SERVICES INC. COM 482048105 20,375 779,899 SH SOLE 779,899
K MART CORP COM 482584109 1,609 97,524 SH SOLE 97,524
KANSAS CITY SOUTHN INDS INC COM 485170104 1,385 21,700 SH SOLE 21,700
KAUFMAN & BROAD HOME CORP COM 486168107 236 9,474 SH SOLE 9,474
KELLOGG CO COM 487836108 2,647 80,198 SH SOLE 80,198
KERR MCGEE CORP COM 492386107 855 17,039 SH SOLE 17,039
KEYCORP NEW COM 493267108 2,891 89,998 SH SOLE 89,998
KIMBERLY CLARK CORP COM 494368103 6,110 107,200 SH SOLE 107,200
KING WORLD PRODTNS INC COM 495667107 491 14,100 SH SOLE 14,100
KLA TENCOR CORP COM 482480100 1,129 17,400 SH SOLE 17,400
KNIGHT RIDDER INC COM 499040103 853 15,500 SH SOLE 15,500
KOHLS CORP COM 500255104 2,406 31,300 SH SOLE 31,300
KROGER CO COM 501044101 4,548 162,800 SH SOLE 162,800
LAIDLAW INC COM 50730K503 482 65,300 SH SOLE 65,300
FAIR MARKET VALUE TOTAL: 259,658
<PAGE>
LAUNCH MEDIA, INC. COM 518567102 12,045 892,225 SH SOLE 892,225
LEHMAN BROS HLDGS INC COM 524908100 1,398 22,500 SH SOLE 22,500
LILLY ELI & CO COM 532457108 15,576 217,470 SH SOLE 217,470
LIMITED INC COM 532716107 1,896 41,780 SH SOLE 41,780
LINCOLN NATL CORP IND COM 534187109 2,093 40,000 SH SOLE 40,000
LIZ CLAIBORNE INC COM 539320101 467 12,800 SH SOLE 12,800
LOCKHEED MARTIN CORP COM 539830109 2,891 77,600 SH SOLE 77,600
LOEWS CORP COM 540424108 1,780 22,500 SH SOLE 22,500
LONGS DRUG STORES CORP COM 543162101 266 7,700 SH SOLE 7,700
LOUISIANA PAC CORP COM 546347105 513 21,500 SH SOLE 21,500
LOWES COS INC COM 548661107 4,161 73,400 SH SOLE 73,400
LSI LOGIC CORP COM 502161102 1,289 27,940 SH SOLE 27,940
LUCENT TECHNOLOGIES INC COM 549463107 40,030 593,585 SH SOLE 593,585
MADGE NETWORKS, INC. ORD N5424G106 137 38,448 SH SOLE 38,448
MALLINCKRODT INC NEW COM 561232109 513 14,100 SH SOLE 14,100
MARRIOTT INTL INC NEW CL A COM 571903202 1,795 48,034 SH SOLE 48,034
MARSH & MCLENNAN COS INC COM 571748102 3,852 50,900 SH SOLE 50,900
MASCO CORP COM 574599106 1,938 67,100 SH SOLE 67,100
MATTEL INC COM 577081102 2,154 82,441 SH SOLE 82,441
MAY DEPT STORES CO COM 577778103 2,833 69,300 SH SOLE 69,300
MAYTAG CORP COM 578592107 1,241 17,773 SH SOLE 17,773
MBIA INC COM 55262C100 1,269 19,600 SH SOLE 19,600
MBNA CORP COM 55262L100 4,855 158,543 SH SOLE 158,543
MCDERMOTT INTL INC COM 580037109 331 11,700 SH SOLE 11,700
MCDONALDS CORP COM 580135101 11,006 267,624 SH SOLE 267,624
MCGRAW HILL COS INC COM 580645109 2,099 38,916 SH SOLE 38,916
MCI WORLDCOM INC COM 55268B106 31,211 362,654 SH SOLE 362,654
MCKESSON HBOC INC COM 58155Q103 1,765 54,825 SH SOLE 54,825
MEAD CORP COM 582834107 839 20,100 SH SOLE 20,100
MEDIAONE GROUP INC COM 58440J104 8,925 120,000 SH SOLE 120,000
MEDTRONIC INC COM 585055106 8,995 115,500 SH SOLE 115,500
MELLON BK CORP COM 585509102 3,756 103,260 SH SOLE 103,260
MERCANTILE BANCORPORATION INC COM 587342106 1,777 31,100 SH SOLE 31,100
FAIR MARKET VALUE TOTAL: 175,696
<PAGE>
MERCK & CO INC COM 589331107 34,692 471,192 SH SOLE 471,192
MEREDITH CORP COM 589433101 357 10,300 SH SOLE 10,300
MERRILL LYNCH & CO INC COM 590188108 5,578 70,160 SH SOLE 70,160
MGIC INVT CORP WIS COM 552848103 1,055 21,700 SH SOLE 21,700
MICRON TECHNOLOGY INC COM 595112103 1,985 49,000 SH SOLE 49,000
MICROSOFT CORP COM 594918104 90,928 1,008,216 SH SOLE 1,008,216
MICROSOFT CORP PFD A CV 594918203 100 1,251,957 SH SOLE 1,251,957
EXCH
MICROTEST, INC. COM 594941106 110 44,074 SH SOLE 44,074
MILACRON INC COM 598709103 141 7,600 SH SOLE 7,600
MILLIPORE CORP COM 601073109 353 8,700 SH SOLE 8,700
MINNESOTA MNG & MFG CO COM 604059105 6,912 79,500 SH SOLE 79,500
MIRAGE RESORTS INC COM 60462E104 652 38,900 SH SOLE 38,900
MOBIL CORP COM 607059102 15,227 154,200 SH SOLE 154,200
MODACAD, INC. COM 60749P104 4,524 455,218 SH SOLE 455,218
MONSANTO CO COM 611662107 4,903 123,943 SH SOLE 123,943
MORGAN J P & CO INC COM 616880100 4,861 34,600 SH SOLE 34,600
MORGAN STANLEY DEAN WTTER & CO COM 617446448 11,725 114,251 SH SOLE 114,251
MORTON INTL INC IND NEW COM 619335102 38 900 SH SOLE 900
MOTOROLA INC COM 620076109 11,250 118,735 SH SOLE 118,735
MPATH INTERACTIVE, INC. COM 62473C101 24,518 1,114,461 SH SOLE 1114461
MRV COMMUNICATIONS, INC. COM 553477100 2,450 200,000 SH SOLE 200,000
NABISCO GROUP HLDG CORP COM 62952P102 1,260 64,400 SH SOLE 64,400
NACCO INDS INC CL A COM 629579103 121 1,649 SH SOLE 1,649
NALCO CHEM CO COM 629853102 674 13,000 SH SOLE 13,000
NATIONAL CITY CORP COM 635405103 4,226 64,513 SH SOLE 64,513
NATIONAL SEMICONDUCTOR CORP COM 637640103 835 33,000 SH SOLE 33,000
NATIONAL SVC INDS INC COM 637657107 292 8,100 SH SOLE 8,100
NAVISTAR INTL CORP NEW COM 63934E108 653 13,060 SH SOLE 13,060
NETWORK COMPUTING DEVICES, INC. COM 64120N100 3,750 750,000 SH SOLE 750,000
NEW CENTURY ENERGIES INC COM 64352U103 877 22,600 SH SOLE 22,600
NEW YORK TIMES CO CL A COM 650111107 1,329 36,100 SH SOLE 36,100
NEWELL RUBBERMAID INC COM 651229106 2,578 55,582 SH SOLE 55,582
NEWMONT MNG CORP COM 651639106 657 33,052 SH SOLE 33,052
FAIR MARKET VALUE TOTAL: 239,611
<PAGE>
NEXTEL COMMUNICATIONS INC CL A COM 65332V103 2,856 56,900 SH SOLE 56,900
NIAGARA MOHAWK HLDGS INC COM 653520106 596 37,100 SH SOLE 37,100
NICOR INC COM 654086107 358 9,400 SH SOLE 9,400
NIKE INC CL B COM 654106103 3,543 55,900 SH SOLE 55,900
NORDSTROM INC WASH COM 655664100 941 28,100 SH SOLE 28,100
NORFOLK SOUTHN CORP COM 655844108 2,260 75,024 SH SOLE 75,024
NORTEL NETWORKS CORP COM 656569100 11,397 131,284 SH SOLE 131,284
NORTHERN STS PWR CO MINN COM 665772109 730 30,200 SH SOLE 30,200
NORTHERN TR CORP COM 665859104 2,134 22,000 SH SOLE 22,000
NORTHPOINT COMMUNICATIONS GROUP, COM 666610100 43,484 1,275,423 SH SOLE 1,275,423
INC.
NORTHROP GRUMMAN CORP COM 666807102 903 13,619 SH SOLE 13,619
NOVELL INC COM 670006105 1,769 66,751 SH SOLE 66,751
NUCOR CORP COM 670346105 821 17,300 SH SOLE 17,300
OBJECT DESIGN, INC. COM 674416102 576 142,857 SH SOLE 142,857
OCCIDENTAL PETE CORP COM 674599105 1,445 68,400 SH SOLE 68,400
OMNICOM GROUP INC COM 681919106 2,672 33,400 SH SOLE 33,400
ONEOK INC NEW COM 682680103 197 6,200 SH SOLE 6,200
OPEN MARKET, INC. COM 68370M100 4,450 335,852 SH SOLE 335,852
ORACLE CORPORATION COM 68389X105 10,571 284,750 SH SOLE 284,750
OWENS CORNING COM 69073F103 368 10,700 SH SOLE 10,700
OWENS ILL INC NEW COM 690768403 1,004 30,700 SH SOLE 30,700
P P & L RESOURCES INC COM 693499105 919 29,900 SH SOLE 29,900
PACCAR INC COM 693718108 827 15,500 SH SOLE 15,500
PACIFICORP COM 695114108 1,080 58,800 SH SOLE 58,800
PAINE WEBBER GROUP INC COM 695629105 1,332 28,500 SH SOLE 28,500
PALL CORP COM 696429307 546 24,600 SH SOLE 24,600
PARAMETRIC TECHNOLOGY CORP COM 699173100 734 52,900 SH SOLE 52,900
PARKER HANNIFIN CORP COM 701094104 984 21,500 SH SOLE 21,500
PAYCHEX INC COM 704326107 1,546 48,500 SH SOLE 48,500
PE CORP COM PE BIOSYS GROUP COM 69332S102 1,136 9,900 SH SOLE 9,900
PECO ENERGY CO COM 693304107 1,855 44,300 SH SOLE 44,300
PENNEY J C INC COM 708160106 2,533 52,150 SH SOLE 52,150
PEOPLES ENERGY CORP ILL COM 711030106 264 7,000 SH SOLE 7,000
PEOPLESOFT INC COM 712713106 795 46,100 SH SOLE 46,100
FAIR MARKET VALUE TOTAL: 107,626
<PAGE>
PEP BOYS MANNY MOE & JACK COM 713278109 218 10,400 SH SOLE 10,400
PEPSICO INC COM 713448108 11,227 290,202 SH SOLE 290,202
PFIZER INC COM 717081103 27,980 256,700 SH SOLE 256,700
PG&E CORP COM 69331C108 2,454 75,652 SH SOLE 75,652
PHARMACIA & UPJOHN INC COM 716941109 5,711 100,529 SH SOLE 100,529
PHELPS DODGE CORP COM 717265102 711 11,475 SH SOLE 11,475
PHILIP MORRIS COS INC COM 718154107 19,351 481,510 SH SOLE 481,510
PHILLIPS PETE CO COM 718507106 2,536 50,400 SH SOLE 50,400
PHOENIX TECHNOLOGIES LTD. COM 719153108 13,704 894,971 SH SOLE 894,971
PIONEER HI BRED INTL COM 723686101 1,846 47,400 SH SOLE 47,400
PITNEY BOWES INC COM 724479100 3,463 53,900 SH SOLE 53,900
PLACER DOME INC COM 725906101 758 64,500 SH SOLE 64,500
PNC BK CORP COM 693475105 3,429 59,500 SH SOLE 59,500
POLAROID CORP COM 731095105 239 8,700 SH SOLE 8,700
POTLATCH CORP COM 737628107 250 5,700 SH SOLE 5,700
PPG INDS INC COM 693506107 2,055 34,802 SH SOLE 34,802
PRAXAIR INC COM 74005P104 1,529 31,247 SH SOLE 31,247
PROCTER & GAMBLE CO COM 742718109 23,436 262,590 SH SOLE 262,590
PROGRESSIVE CORP OHIO COM 743315103 2,074 14,300 SH SOLE 14,300
PROVIDENT COS INC COM 743862104 1,068 26,700 SH SOLE 26,700
PROVIDIAN FINL CORP COM 74406A102 2,616 28,050 SH SOLE 28,050
PROXIM, INC. COM 744284100 15,160 320,000 SH SOLE 320,000
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,800 44,100 SH SOLE 44,100
PULTTE CORP COM 745867101 196 8,500 SH SOLE 8,500
PUMA TECHNOLOGY, INC. COM 745887109 667 125,488 SH SOLE 125,488
QUAKER OATS CO COM 747402105 1,785 26,900 SH SOLE 26,900
RADISYS CORPORATION COM 750459109 39,144 1,186,167 SH SOLE 1,186,167
RALSTON PURINA CO-RALSTON COM 751277302 1,975 64,900 SH SOLE 64,900
RAYCHEM CORP COM 754603108 566 15,300 SH SOLE 15,300
RAYTHEON CO CL B COM 755111408 4,699 66,656 SH SOLE 66,656
REEBOK INTL LTD COM 758110100 209 11,200 SH SOLE 11,200
REGIONS FINL CORP COM 758940100 1,680 43,700 SH SOLE 43,700
RELIANT ENERGY INC COM 75952J108 1,553 56,222 SH SOLE 56,222
REPUBLIC N Y CORP COM 760719104 1,446 21,200 SH SOLE 21,200
FAIR MARKET VALUE TOTAL: 197,535
<PAGE>
REYNOLDS METALS CO COM 761763101 749 12,700 SH SOLE 12,700
REYNOLDS RJ TOB HLDGS INC COM 76182K105 679 21,400 SH SOLE 21,400
RITE AID CORP COM 767754104 1,261 51,200 SH SOLE 51,200
ROCKWELL INTL CORP NEW COM 773903109 2,278 37,500 SH SOLE 37,500
ROHM & HAAS CO COM 775371107 1,702 39,701 SH SOLE 39,701
ROWAN COS INC COM 779382100 303 16,600 SH SOLE 16,600
ROYAL DUTCH PETE CO N Y COM 780257804 25,554 424,140 SH SOLE 424,140
RUSSELL CORP COM 782352108 138 7,100 SH SOLE 7,100
RYDER SYS INC COM 783549108 366 14,200 SH SOLE 14,200
SAFECO CORP COM 786429100 1,187 26,900 SH SOLE 26,900
SAFEWAY INC NEW COM 786514208 4,762 96,200 SH SOLE 96,200
SARA LEE CORP COM 803111103 4,093 180,400 SH SOLE 180,400
SBC COMMUNICATIONS INC COM 78387G103 22,441 386,912 SH SOLE 386,912
SCHERING PLOUGH CORP COM 806605101 15,259 290,640 SH SOLE 290,640
SCHLUMBERGER LTD COM 806857108 6,878 108,000 SH SOLE 108,000
SCHWAB CHARLES CORP NEW COM 808513105 8,638 79,250 SH SOLE 79,250
SCIENTIFIC ATLANTA INC COM 808655104 536 14,900 SH SOLE 14,900
SCM MICROSYSTEMS INC. COM 784018103 8,132 174,650 SH SOLE 174,650
SEAGATE TECHNOLOGY COM 811804103 1,235 48,200 SH SOLE 48,200
SEAGRAM LTD COM 811850106 3,975 78,900 SH SOLE 78,900
SEALED AIR CORP NEW COM 81211K100 1,069 16,476 SH SOLE 16,476
SEARS ROEBUCK & CO COM 812387108 3,378 75,800 SH SOLE 75,800
SEMPRA ENERGY COM 816851109 1,075 47,512 SH SOLE 47,512
SERVICE CORP INTL COM 817565104 1,041 54,100 SH SOLE 54,100
SHARED MED SYS CORP COM 819486101 346 5,300 SH SOLE 5,300
SHERWIN WILLIAMS CO COM 824348106 944 34,000 SH SOLE 34,000
SIGMA ALDRICH CORP COM 826552101 685 19,900 SH SOLE 19,900
SILICON GRAPHICS INC COM 827056102 608 37,100 SH SOLE 37,100
SILICON VALLEY GROUP, INC. COM 827066101 7,565 498,100 SH SOLE 498,100
SILKNET SOFTWARE, INC. COM 827094103 36,019 571,736 SH SOLE 571,736
SLM HLDG CORP COM 78442A109 1,503 32,800 SH SOLE 32,800
SNAP ON INC COM 833034101 470 13,000 SH SOLE 13,000
SOLECTRON CORP COM 834182107 3,314 49,700 SH SOLE 49,700
SONAT INC COM 835415100 722 21,800 SH SOLE 21,800
FAIR MARKET VALUE TOTAL: 168,905
<PAGE>
SOUTHERN CO COM 842587107 3,654 137,900 SH SOLE 137,900
SOUTHTRUST CORP COM 844730101 1,255 32,700 SH SOLE 32,700
SOUTHWEST AIRLS CO COM 844741108 2,072 66,562 SH SOLE 66,562
SPORTSLINE USA, INC. COM 848934105 3,456 101,643 SH SOLE 101,643
SPRINGS INDS INC CL A 851783100 155 3,550 SH SOLE 3,550
SPRINT CORP (FON GROUP) COM FON 852061100 9,369 176,780 SH SOLE 176,780
GROUP
SPRINT CORP PCS COM 852061506 4,956 86,945 SH SOLE 86,945
SER 1
ST JUDE MED INC COM 790849103 593 16,632 SH SOLE 16,632
ST PAUL COS INC COM 792860108 1,485 46,674 SH SOLE 46,674
STANDARD MICROSYSTEMS CORP. COM 853626109 11,762 1,542,506 SH SOLE 1,542,506
STANLEY WKS COM 854616109 565 17,540 SH SOLE 17,540
STAPLES INC COM 855030102 2,820 91,150 SH SOLE 91,150
STARMEDIA NETWORK, INC. COM 855546107 97,917 1,958,333 SH SOLE 1,958,333
STATE STREET CORP COM 857477103 2,706 31,700 SH SOLE 31,700
SUMMIT BANCORP COM 866005101 1,434 34,300 SH SOLE 34,300
SUN MICROSYSTEMS, INC. COM 866810104 10,766 156,543 SH SOLE 156,543
SUNOCO INC COM 86764P109 560 18,545 SH SOLE 18,545
SUNTRUST BKS INC COM 867914103 4,399 63,350 SH SOLE 63,350
SUPERVALU INC COM 868536103 613 23,700 SH SOLE 23,700
SYNOVUS FINL CORP COM 87161C105 1,050 52,850 SH SOLE 52,850
SYSCO CORP COM 871829107 1,962 65,800 SH SOLE 65,800
SYSTEMSOFT CORP. COM 871926101 814 2,004,292 SH SOLE 2,004,292
TANDY CORP COM 875382103 1,911 39,100 SH SOLE 39,100
TEKTRONIX INC COM 879131100 280 9,267 SH SOLE 9,267
TELLABS INC COM 879664100 5,189 76,800 SH SOLE 76,800
TEMPLE INLAND INC COM 879868107 755 11,000 SH SOLE 11,000
TENET HEALTHCARE CORP COM 88033G100 1,139 61,374 SH SOLE 61,374
TENNECO INC NEW COM 88037E101 805 33,700 SH SOLE 33,700
TEXACO INC COM 881694103 6,593 105,700 SH SOLE 105,700
TEXAS INSTRS INC COM 882508104 11,102 77,100 SH SOLE 77,100
TEXAS UTILS CO COM 882848104 2,315 55,865 SH SOLE 55,865
FAIR MARKET VALUE TOTAL: 194,452
<PAGE>
TEXTRON INC COM 883203101 2,576 31,300 SH SOLE 31,300
THERMO ELECTRON CORP COM 883556102 630 31,400 SH SOLE 31,400
THOMAS & BETTS CORP COM 884315102 529 11,200 SH SOLE 11,200
TIME WARNER INC COM 887315109 17,621 242,634 SH SOLE 242,634
TIMES MIRROR CO NEW COM SER A 887364107 846 14,271 SH SOLE 14,271
TIMKEN CO COM 887389104 240 12,300 SH SOLE 12,300
TJX COS INC NEW COM 872540109 2,129 63,900 SH SOLE 63,900
TORCHMARK CORP COM 891027104 945 27,700 SH SOLE 27,700
TOYS R US INC COM 892335100 1,026 49,600 SH SOLE 49,600
TRANSAMERICA CORP COM 893485102 1,853 24,700 SH SOLE 24,700
TRIBUNE CO NEW COM 896047107 2,047 23,500 SH SOLE 23,500
TRICON GLOBAL RESTAURANTS INC COM 895953107 1,631 30,140 SH SOLE 30,140
TRW INC COM 872649108 1,301 23,700 SH SOLE 23,700
TUPPERWARE CORP COM 899896104 289 11,350 SH SOLE 11,350
TUT SYSTEMS, INC. COM 901103101 3,333 83,334 SH SOLE 83,334
TYCO INTL LTD NEW COM 902124106 15,295 161,420 SH SOLE 161,420
U S BANCORP DEL COM 902973106 4,810 144,121 SH SOLE 144,121
U S WEST INC NEW COM 91273H101 5,845 99,483 SH SOLE 99,483
UNICOM CORP COM 904911104 1,658 43,000 SH SOLE 43,000
UNILEVER N V N Y SHS 904784709 7,887 113,076 SH SOLE 113,076
NEW
UNION CARBIDE CORP COM 905581104 1,280 26,265 SH SOLE 26,265
UNION PAC CORP COM 907818108 2,851 48,900 SH SOLE 48,900
UNION PAC RES GROUP INC COM 907834105 810 49,678 SH SOLE 49,678
UNION PLANTERS CORP TENN COM 908068109 1,216 27,200 SH SOLE 27,200
UNISYS CORP COM 909214108 2,005 51,500 SH SOLE 51,500
UNITED HEALTHCARE CORP COM 910581107 2,304 36,785 SH SOLE 36,785
UNITED TECHNOLOGIES CORP COM 913017109 6,430 89,300 SH SOLE 89,300
UNOCAL CORP COM 915289102 1,890 47,700 SH SOLE 47,700
UNUM CORP COM 903192102 1,500 27,400 SH SOLE 27,400
US AIRWAYS GROUP INC COM 911905107 754 17,300 SH SOLE 17,300
UST INC COM 902911106 1,079 36,819 SH SOLE 36,819
USWEB CORPORATION COM 917327108 12,011 587,699 SH SOLE 587,699
FAIR MARKET VALUE TOTAL: 106,621
<PAGE>
USX MARATHON GROUP NEW COM 902905827 1,980 60,800 SH SOLE 60,800
USX U S STL GROUP COM 90337T101 473 17,500 SH SOLE 17,500
V F CORP COM 918204108 1,013 23,700 SH SOLE 23,700
VIACOM INC CL B 925524308 6,054 137,600 SH SOLE 137,600
VIDEOSERVER, INC. COM 926918103 1,803 194,900 SH SOLE 194,900
VODAFONE GROUP PLC SPONS ADR COM 92857T107 11,148 56,587 SH SOLE 56,587
VOXWARE, INC. COM 92906L105 547 500,000 SH SOLE 500,000
VTEL CORP. COM 918333105 7,528 1,672,846 SH SOLE 1,672,846
WACHOVIA CORP NEW COM 929771103 3,431 40,100 SH SOLE 40,100
WAL MART STORES INC COM 931142103 42,437 879,514 SH SOLE 879,514
WALGREEN CO COM 931422109 5,802 197,500 SH SOLE 197,500
WARNER LAMBERT CO COM 934488107 11,233 162,500 SH SOLE 162,500
WASHINGTON MUTUAL INC COM 939322103 4,173 117,341 SH SOLE 117,341
WASTE MGMT INC DEL COM 94106L109 6,362 118,358 SH SOLE 118,358
WATSON PHARMACEUTICALS INC COM 942683103 659 18,800 SH SOLE 18,800
WAVO CORPORATION COM 943567107 3,094 500,000 SH SOLE 500,000
WELLPOINT HEALTH NETWORK INC COM 94973H108 1,146 13,500 SH SOLE 13,500
WELLS FARGO & CO NEW COM 949746101 13,900 325,150 SH SOLE 325,150
WENDYS INTL INC COM 950590109 701 24,585 SH SOLE 24,585
WESTVACO CORP COM 961548104 576 19,850 SH SOLE 19,850
WEYERHAEUSER CO COM 962166104 2,706 39,353 SH SOLE 39,353
WHIRLPOOL CORP COM 963320106 1,110 15,000 SH SOLE 15,000
WILLAMETTE INDS INC COM 969133107 1,009 21,900 SH SOLE 21,900
WILLIAMS COS INC COM 969457100 3,600 84,592 SH SOLE 84,592
WINN DIXIE STORES INC COM 974280109 1,086 29,400 SH SOLE 29,400
WORTHINGTON INDS INC COM 981811102 301 18,300 SH SOLE 18,300
WRIGLEY WM JR CO COM 982526105 2,051 23,000 SH SOLE 23,000
XEROX CORP COM 984121103 7,660 129,700 SH SOLE 129,700
XIRCOM, INC. COM 983922105 71,875 2,516,405 SH SOLE 2,516,405
YAHOO, INC. COM 984332106 97,132 563,903 SH SOLE 563,903
FAIR MARKET VALUE TOTAL: 312,590
FAIR MARKET VALUE GRAND TOTAL: 3,916,517
</TABLE>
