UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ X ]; Amendment Number: 1
This Amendment (Check only one): [X] 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 April 24, 2000
- -------------------
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: 543
Form 13F Information Table Value Total: $3,280,483
*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> 3/31/99
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>
3COM CORP COM 885535104 1,672 71,700 SH SOLE 71,700
3DLABS INC, LTD COM G8846W103 682 218,163 SH SOLE 218,163
ABBOTT LABS COM 000282410 14,191 303,140 SH SOLE 303,140
ADOBE SYS INC DEL COM 00724F101 692 12,200 SH SOLE 12,200
ADVANCED MICRO DEVICES INC COM 007903107 449 28,979 SH SOLE 28,979
AEROQUIP-VICKERS INC COM 007869100 315 5,500 SH SOLE 5,500
AES CORP COM 00130H105 1,341 36,000 SH SOLE 36,000
AETNA INC COM 008117103 2,366 28,506 SH SOLE 28,506
AIR PRODS & CHEMS INC COM 009158106 1,569 45,800 SH SOLE 45,800
AIRTOUCH COMMUNICATIONS INC COM 00949T100 11,042 114,274 SH SOLE 114,274
ALBERTO CULVER CO CL B 013068101 266 11,400 SH SOLE 11,400
ALBERTSONS INC COM 013104104 2,667 49,000 SH SOLE 49,000
ALCAN ALUM LTD COM 013716105 1,172 45,400 SH SOLE 45,400
ALCOA INC COM 013817101 3,019 73,300 SH SOLE 73,300
ALLEGHENY TELEDYNE INC COM 017415100 742 39,197 SH SOLE 39,197
ALLERGAN INC COM 018490102 1,160 13,200 SH SOLE 13,200
ALLIED SIGNAL INC COM 019512102 5,470 111,200 SH SOLE 111,200
ALLSTATE CORP COM 020002101 6,074 163,880 SH SOLE 163,880
ALLTEL CORP COM 020039103 3,424 54,900 SH SOLE 54,900
FAIR MARKET VALUE TOTAL: 58,313
<PAGE>
ALZA CORP COM 022615108 761 19,900 SH SOLE 19,900
AMERADA HESS CORP COM 023551104 921 18,100 SH SOLE 18,100
AMEREN CORP COM 023608102 993 27,450 SH SOLE 27,450
AMERICA ONLINE INC DEL COM 02364J104 30,179 205,300 SH SOLE 205,300
AMERICAN ELEC PWR INC COM 025537101 1,516 38,200 SH SOLE 38,200
AMERICAN EXPRESS CO COM 025816109 10,648 90,428 SH SOLE 90,428
AMERICAN GEN CORP COM 026351106 3,552 50,381 SH SOLE 50,381
AMERICAN GREETINGS CORP CL A 026375105 354 13,945 SH SOLE 13,945
AMERICAN HOME PRODS CORP COM 026609107 17,178 263,260 SH SOLE 263,260
AMERICAN INTL GROUP INC COM 026874107 29,575 245,180 SH SOLE 245,180
AMERICAN STORES CO NEW COM 030096101 1,813 54,950 SH SOLE 54,950
AMERITECH CORP NEW COM 030954101 12,649 219,500 SH SOLE 219,500
AMGEN INC COM 031162100 7,615 101,700 SH SOLE 101,700
AMP INC COM 031897101 2,338 43,700 SH SOLE 43,700
AMR CORP DEL COM 001765106 2,138 36,500 SH SOLE 36,500
AMSOUTH BANCORPORATION COM 032165102 1,087 23,900 SH SOLE 23,900
ANADARKO PETE CORP COM 032511107 906 24,000 SH SOLE 24,000
ANDREW CORP COM COM 034425108 204 16,575 SH SOLE 16,575
ANHEUSER BUSCH COS INC COM 035229103 7,270 95,500 SH SOLE 95,500
AON CORP COM 037389103 2,146 33,923 SH SOLE 33,923
APACHE CORP COM 037411105 508 19,500 SH SOLE 19,500
APPLE COMPUTER INC COM 037833100 981 27,300 SH SOLE 27,300
APPLIED MATLS INC COM 038222105 4,546 73,700 SH SOLE 73,700
ARCHER DANIELS MIDLAND CO COM 039483102 1,737 118,238 SH SOLE 118,238
ARMSTRONG WORLD INDS INC COM 042476101 357 7,900 SH SOLE 7,900
ASARCO INC COM 043413103 109 7,900 SH SOLE 7,900
ASCEND COMMUNICATIONS INC COM 043491109 3,632 43,400 SH SOLE 43,400
ASHLAND INC COM 044204105 606 14,800 SH SOLE 14,800
ASSOCIATES FIRST CAP CORP CL A 046008108 6,544 145,422 SH SOLE 145,422
AT HOME CORPORATION COM 045919107 22,050 140,000 SH SOLE 140,000
AT&T CORP COM 001957109 33,437 418,944 SH SOLE 418,944
ATLANTIC RICHFIELD CO COM 048825103 4,760 65,100 SH SOLE 65,100
AUTODESK INC COM 052769106 9,084 224,650 SH SOLE 224,650
FAIR MARKET VALUE TOTAL: 222,194
<PAGE>
AUTOMATIC DATA PROCESSING INC COM 053015103 5,093 123,100 SH SOLE 123,100
AUTOZONE INC COM 053332102 908 29,900 SH SOLE 29,900
AVERY DENNISON CORP COM 053611109 1,334 23,200 SH SOLE 23,200
AVID TECHNOLOGY, INC COM 05367P100 13,996 802,632 SH SOLE 802,632
AVON PRODS INC COM 054303102 2,466 52,400 SH SOLE 52,400
BAKER HUGHES INC COM 057224107 1,587 65,270 SH SOLE 65,270
BALL CORP COM 058498106 291 6,200 SH SOLE 6,200
BALTIMORE GAS & ELEC CO COM 059165100 756 29,800 SH SOLE 29,800
BANK NEW YORK INC COM 064057102 5,458 151,864 SH SOLE 151,864
BANK ONE CORP COM 06423A103 12,930 234,826 SH SOLE 234,826
BANKAMERICA CORP NEW COM 06605F102 24,408 345,596 SH SOLE 345,596
BANKBOSTON CORP COM 06605R106 2,564 59,200 SH SOLE 59,200
BANKERS TRUST CORP COM 066365107 1,677 19,000 SH SOLE 19,000
BARD C R INC COM 067383109 540 10,700 SH SOLE 10,700
BARRICK GOLD CORP COM 067901108 1,271 74,500 SH SOLE 74,500
BATTLE MTN GOLD CO COM 071593107 126 45,900 SH SOLE 45,900
BAUSCH & LOMB INC COM 071707103 728 11,200 SH SOLE 11,200
BAXTER INTL INC COM 071813109 3,775 57,200 SH SOLE 57,200
BB&T CORP COM 054937107 2,247 62,100 SH SOLE 62,100
BEA SYSTEMS, INC COM 073325102 8,511 544,696 SH SOLE 544,696
BEAR STEARNS COS INC COM 073902108 994 22,240 SH SOLE 22,240
BECTON DICKINSON & CO COM 075887109 1,904 49,700 SH SOLE 49,700
BELL ATLANTIC CORP COM 077853109 16,024 310,012 SH SOLE 310,012
BELLSOUTH CORP COM 079860102 15,601 389,412 SH SOLE 389,412
BEMIS INC COM 081437105 326 10,500 SH SOLE 10,500
BESTFOODS COM 08658U101 2,679 57,000 SH SOLE 57,000
BETHLEHEM STL CORP COM 087509105 215 26,000 SH SOLE 26,000
BIOMET INC COM 090613100 939 22,400 SH SOLE 22,400
BLACK & DECKER CORP COM 091797100 976 17,600 SH SOLE 17,600
BLOCK H & R INC COM 093671105 919 19,400 SH SOLE 19,400
BMC SOFTWARE INC COM 055921100 1,609 43,400 SH SOLE 43,400
BOEING CO COM 097023105 6,370 187,346 SH SOLE 187,346
BOISE CASCADE CORP COM 097383103 363 11,255 SH SOLE 11,255
BOSTON SCIENTIFIC CORP COM 101137107 3,185 78,412 SH SOLE 78,412
FAIR MARKET VALUE TOTAL: 142,770
<PAGE>
BRIGGS & STRATTON CORP COM 109043109 232 4,700 SH SOLE 4,700
BRISTOL MYERS SQUIBB CO COM 110122108 25,444 396,788 SH SOLE 396,788
BROADCAST.COM, INC COM 111310108 90,434 765,172 SH SOLE 770,172
BROWN FORMAN CORP CL B 115637209 789 13,700 SH SOLE 13,700
BROWNING FERRIS INDS INC COM 115885105 1,219 31,600 SH SOLE 31,600
BRUNSWICK CORP COM 117043109 351 18,400 SH SOLE 18,400
BURLINGTON NORTH SANTA FE CORP COM 12189T104 3,077 93,606 SH SOLE 93,606
BURLINGTON RES INC COM 122014103 1,414 35,408 SH SOLE 35,408
CABLETRON SYS INC COM 126920107 282 34,400 SH SOLE 34,400
CAMPBELL SOUP CO COM 134429109 3,613 88,800 SH SOLE 88,800
CAPITAL ONE FINL CORP COM 14040H105 1,978 13,100 SH SOLE 13,100
CARDINAL HEALTH INC COM 14149Y108 3,584 54,300 SH SOLE 54,300
CARNIVAL CORP COM 143658102 5,944 122,400 SH SOLE 122,400
CAROLINA PWR & LT CO COM 144141108 1,141 30,176 SH SOLE 30,176
CASE CORP COM 14743R103 373 14,700 SH SOLE 14,700
CATERPILLAR INC COM 149123101 3,292 71,654 SH SOLE 71,654
CBS CORP COM 12490K107 5,754 140,978 SH SOLE 140,978
CENDANT CORP COM 151313103 2,714 170,305 SH SOLE 170,305
CENTEX CORP COM 152312104 397 11,900 SH SOLE 11,900
CENTRAL & SOUTH WEST CORP COM 152357109 995 42,434 SH SOLE 42,434
CENTURY TEL ENTERPRISES INC COM 156686107 1,300 18,500 SH SOLE 18,500
CERIDIAN CORP COM 15677T106 1,043 28,518 SH SOLE 28,518
CHAMPION INTL CORP COM 158525105 784 19,100 SH SOLE 19,100
CHASE MANHATTAN CORP NEW COM 16161A108 13,736 168,804 SH SOLE 168,804
CHEVRON CORP COM 166751107 11,564 130,300 SH SOLE 130,300
CHUBB CORP COM 171232101 1,902 32,477 SH SOLE 32,477
CIGNA CORP COM 125509109 3,461 41,300 SH SOLE 41,300
CINCINNATI FINL CORP COM 172062101 1,217 33,400 SH SOLE 33,400
CINERGY CORP COM 172474108 869 31,600 SH SOLE 31,600
CIRCUIT CITY GROUP COM 172737108 1,533 20,000 SH SOLE 20,000
CISCO SYS INC COM 17275R102 34,549 315,340 SH SOLE 315,340
CITIGROUP INC COM 172967101 28,805 450,964 SH SOLE 450,964
CLEAR CHANNEL COMMUNICATIONS COM 184502102 3,534 52,700 SH SOLE 52,700
CLOROX CO COM 189054109 2,742 23,400 SH SOLE 23,400
FAIR MARKET VALUE TOTAL: 260,066
<PAGE>
CMG INFORMATION SERVICES, INC COM 125750109 368,323 2,012,008 SH SOLE 2,012,008
COASTAL CORP COM 190441105 1,399 42,400 SH SOLE 42,400
COCA COLA CO COM 191216100 30,215 492,296 SH SOLE 492,296
COCA COLA ENTERPRISES INC COM 191219104 2,366 78,200 SH SOLE 78,200
COLGATE PALMOLIVE CO COM 194162103 5,373 58,400 SH SOLE 58,400
COLUMBIA ENERGY GROUP COM 197648108 874 16,728 SH SOLE 16,728
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 2,440 128,850 SH SOLE 128,850
COMCAST CORP CL A SPL 200300200 4,645 73,800 SH SOLE 73,800
COMERICA INC COM 200340107 1,940 31,067 SH SOLE 31,067
COMPAQ COMPUTER CORP COM 204493100 10,676 336,910 SH SOLE 336,910
COMPUTER ASSOC INTL INC COM 204912109 3,826 107,575 SH SOLE 107,575
COMPUTER SCIENCES CORP COM 205363104 1,749 31,700 SH SOLE 31,700
COMPUWARE CORP COM 205638109 1,752 73,400 SH SOLE 73,400
CONAGRA INC COM 205887102 2,504 97,714 SH SOLE 97,714
CONSECO INC COM 208464107 1,978 64,067 SH SOLE 64,067
CONSOLIDATED EDISON INC COM 209115104 2,112 46,600 SH SOLE 46,600
CONSOLIDATED NAT GAS CO COM 209615103 930 19,100 SH SOLE 19,100
CONSOLIDATED STORES CORP COM 210149100 664 21,900 SH SOLE 21,900
COOPER INDS INC COM 216669101 882 20,700 SH SOLE 20,700
COOPER TIRE & RUBR CO COM 216831107 279 15,200 SH SOLE 15,200
COORS ADOLPH CO CL B 217016104 400 7,400 SH SOLE 7,400
CORNING INC COM 219350105 2,778 46,300 SH SOLE 46,300
COSTCO COS INC COM 22160Q102 3,992 43,600 SH SOLE 43,600
COUNTRYWIDE CR INDS INC COM 222372104 840 22,400 SH SOLE 22,400
COVAD COMMUNICATIONS GROUP, INC COM 222814204 162,139 2,465,997 SH SOLE 2,465,997
CRANE CO COM 224399105 332 13,725 SH SOLE 13,725
CROWN CORK & SEAL INC COM 228255105 698 24,453 SH SOLE 24,453
CSX CORP COM 126408103 1,690 43,400 SH SOLE 43,400
CUMMINS ENGINE INC COM 231021106 299 8,400 SH SOLE 8,400
CVS CORP COM 126650100 3,700 77,900 SH SOLE 77,900
CYBERCASH, INC COM 232462101 6,217 440,160 SH SOLE 440,160
CYPRUS AMAX MINERALS CO COM 232809103 221 18,200 SH SOLE 18,200
DANA CORP COM 235811106 1,257 33,091 SH SOLE 33,091
DANAHER CORP COM 235851102 1,395 26,700 SH SOLE 26,700
FAIR MARKET VALUE TOTAL: 630,885
<PAGE>
DARDEN RESTAURANTS INC COM 237194105 567 27,500 SH SOLE 27,500
DATA GEN CORP COM 237688106 101 10,000 SH SOLE 10,000
DAYTON HUDSON CORP COM 239753106 5,863 88,000 SH SOLE 88,000
DEERE & CO COM 244199105 1,839 47,600 SH SOLE 47,600
DELL COMPUTER CORP COM 247025109 20,769 508,100 SH SOLE 508,100
DELTA AIR LINES INC DEL COM 247361108 1,967 28,300 SH SOLE 28,300
DELUXE CORP COM 248019101 469 16,100 SH SOLE 16,100
DILLARDS INC CL A 254067101 540 21,300 SH SOLE 21,300
DISNEY WALT CO COM 254687106 12,779 410,580 SH SOLE 410,580
DOLLAR GEN CORP COM 256669102 1,200 35,300 SH SOLE 35,300
DOMINION RES INC VA COM 257470104 1,441 39,000 SH SOLE 39,000
DONNELLEY R R & SONS CO COM 257867101 863 26,800 SH SOLE 26,800
DOVER CORP COM 260003108 1,463 44,500 SH SOLE 44,500
DOW CHEM CO COM 260543103 4,120 44,216 SH SOLE 44,216
DOW JONES & CO INC COM 260561105 882 18,700 SH SOLE 18,700
DTE ENERGY CO COM 233331107 1,115 29,000 SH SOLE 29,000
DU PONT E I DE NEMOURS & CO COM 263534109 13,058 224,894 SH SOLE 224,894
DUKE ENERGY CORP COM 264399106 3,959 72,224 SH SOLE 72,224
DUN & BRADSTREET CORP DEL COM 26483B106 1,176 33,000 SH SOLE 33,000
EASTERN ENTERPRISES COM 27637F100 166 4,550 SH SOLE 4,550
EASTMAN CHEM CO COM 277432100 669 15,900 SH SOLE 15,900
EASTMAN KODAK CO COM 277461109 4,128 64,631 SH SOLE 64,631
EATON CORP COM 278058102 1,022 14,300 SH SOLE 14,300
ECHOSTAR COMMUNICATIONS CORP CL A 278762109 796 9,746 SH SOLE 9,746
ECOLAB INC COM 278865100 919 25,900 SH SOLE 25,900
EDISON INTL COM 281020107 1,566 70,400 SH SOLE 70,400
EG & G INC COM 268457108 237 9,000 SH SOLE 9,000
ELECTRONIC DATA SYS CORP NEW COM 285661104 4,791 98,400 SH SOLE 98,400
EMC CORP MASS COM 268648102 12,804 100,226 SH SOLE 100,226
EMERSON ELEC CO COM 291011104 4,621 87,300 SH SOLE 87,300
ENGELHARD CORP COM 292845104 484 28,600 SH SOLE 28,600
ENRON CORP COM 293561106 4,243 66,040 SH SOLE 66,040
ENTERGY CORP NEW COM 29364G103 1,353 49,200 SH SOLE 49,200
EQUIFAX INC COM 294429105 1,011 29,400 SH SOLE 29,400
FAIR MARKET VALUE TOTAL: 112,981
<PAGE>
ETEC SYSTEMS, INC COM 26922C103 14,719 500,000 SH SOLE 500,000
EVANS & SUTHERLAND COMPUTER CORP COM 299096107 27 2,258 SH SOLE 903,666
EXXON CORP COM 302290101 34,258 485,498 SH SOLE 485,498
FDX CORP COM 31304N107 2,755 29,620 SH SOLE 29,620
FEDERAL NATL MTG ASSN COM 313586109 14,335 207,000 SH SOLE 207,000
FEDERATED DEPT STORES INC DEL COM 31410H101 1,683 41,943 SH SOLE 41,943
FIFTH THIRD BANCORP COM 316773100 3,497 53,037 SH SOLE 53,037
FIRST DATA CORP COM 319963104 3,779 88,400 SH SOLE 88,400
FIRST UN CORP COM 337358105 10,571 197,815 SH SOLE 197,815
FIRSTAR CORP COM 33763V109 4,108 45,900 SH SOLE 45,900
FIRSTENERGY CORP COM 337932107 1,327 47,400 SH SOLE 47,400
FLEET FINL GROUP INC NEW COM 338915101 4,270 113,492 SH SOLE 113,492
FLEETWOOD ENTERPRISES INC COM 339099103 200 7,000 SH SOLE 7,000
FLUOR CORP COM 343861100 408 15,100 SH SOLE 15,100
FMC CORP NEW COM 302491303 326 6,600 SH SOLE 6,600
FORD MTR CO DEL COM 345370100 13,694 241,578 SH SOLE 241,578
FORE SYSTEMS, INC COM 345449102 2,923 154,601 SH SOLE 154,601
FORT JAMES CORP COM 347471104 1,394 44,000 SH SOLE 44,000
FORTUNE BRANDS INC COM 349631101 1,316 34,190 SH SOLE 34,190
FOSTER WHEELER CORP COM 350244109 99 8,200 SH SOLE 8,200
FPL GROUP INC COM 302571104 1,924 36,135 SH SOLE 36,135
FRANKLIN RES INC COM 354613101 1,420 50,500 SH SOLE 50,500
FREDDIE MAC CORP COM 313400301 7,766 135,500 SH SOLE 135,500
FREEPORT MCMORAN COPPER CL B 35671D857 359 33,019 SH SOLE 33,019
FRONTIER CORP COM 35906P105 1,779 34,300 SH SOLE 34,300
FRUIT OF THE LOOM LTD CL A G3682L105 155 14,400 SH SOLE 14,400
GANNETT INC COM 364730101 3,541 56,200 SH SOLE 56,200
GAP INC COM 364760108 7,662 113,833 SH SOLE 113,833
GATEWAY 2000 INC COM 367833100 2,139 31,200 SH SOLE 31,200
GENERAL DYNAMICS CORP COM 369550108 1,626 25,300 SH SOLE 25,300
GENERAL ELEC CO COM COM 369604103 72,385 654,332 SH SOLE 654,332
GENERAL INSTR CORP DEL COM 370120107 1,014 33,452 SH SOLE 33,452
GENERAL MLS INC COM 370334104 2,312 30,600 SH SOLE 30,600
FAIR MARKET VALUE TOTAL: 219,771
<PAGE>
GENERAL MTRS CORP COM 370442105 11,371 130,696 SH SOLE 130,696
GENESYS TELECOMMUNICATION COM 371931106 2,709 179,867 SH SOLE 179,867
LABORATORIES, INC
GENUINE PARTS CO COM 372460105 1,034 35,900 SH SOLE 35,900
GEOCITIES COM 37247V106 91,286 833,190 SH SOLE 833,190
GEORGIA PAC CORP COM 373298108 1,307 17,600 SH SOLE 17,600
GILLETTE CO COM 375766102 13,165 221,500 SH SOLE 221,500
GOLDEN WEST FINL CORP DEL COM 381317106 1,089 11,400 SH SOLE 11,400
GOODRICH B F CO COM 382388106 508 14,800 SH SOLE 14,800
GOODYEAR TIRE & RUBR CO COM 382550101 1,554 31,200 SH SOLE 31,200
GPU INC COM 36225X100 951 25,500 SH SOLE 25,500
GRACE WR & CO DEL NEW COM 38388F108 178 14,700 SH SOLE 14,700
GRAINGER W W INC COM 384802104 818 19,000 SH SOLE 19,000
GREAT ATLANTIC & PAC TEA INC COM 390064103 228 7,600 SH SOLE 7,600
GREAT LAKES CHEM CORP COM 390568103 434 11,800 SH SOLE 11,800
GTE CORP COM 362320103 11,660 192,734 SH SOLE 192,734
GUIDANT CORP COM 401698105 3,642 60,200 SH SOLE 60,200
HALLIBURTON CO COM 406216101 3,382 87,850 SH SOLE 87,850
HARCOURT GEN INC COM 41163G101 629 14,200 SH SOLE 14,200
HARNISCHFEGER INDS INC COM 413345109 53 9,400 SH SOLE 9,400
HARRAHS ENTMT INC COM 413619107 481 25,250 SH SOLE 25,250
HARRIS CORP DEL COM 413875105 452 15,800 SH SOLE 15,800
HARTFORD FINL SVCS GROUP INC COM 416515104 2,650 46,636 SH SOLE 46,636
HASBRO INC COM 418056107 1,133 39,150 SH SOLE 39,150
HCR MANOR CARE INC COM 404134108 504 22,100 SH SOLE 22,100
HEALTHSOUTH CORP COM 421924101 877 84,500 SH SOLE 84,500
HEINZ H J CO COM 423074103 3,420 72,200 SH SOLE 72,200
HELMERICH & PAYNE INC COM 423452101 225 9,900 SH SOLE 9,900
HERCULES INC COM 427056106 508 20,100 SH SOLE 20,100
HERSHEY FOODS CORP COM 427866108 1,603 28,600 SH SOLE 28,600
HEWLETT PACKARD CO COM 428236103 13,750 202,770 SH SOLE 202,770
HILTON HOTELS CORP COM 432848109 733 52,100 SH SOLE 52,100
HOLLYWOOD ENTERTAINMENT CORP COM 436141105 8,638 463,774 SH SOLE 463,774
HOME DEPOT INC COM 437076102 18,326 294,400 SH SOLE 294,400
FAIR MARKET VALUE TOTAL: 198,798
<PAGE>
HOMESTAKE MNG CO COM 437614100 411 47,703 SH SOLE 47,703
HONEYWELL INC COM 438506107 1,910 25,200 SH SOLE 25,200
HOUSEHOLD INTL INC COM 441815107 4,400 96,448 SH SOLE 96,448
HUMANA INC COM 444859102 578 33,500 SH SOLE 33,500
HUNTINGTON BANCSHARES INC COM 446150104 1,302 42,100 SH SOLE 42,100
IBM CORP COM 459200101 32,670 184,314 SH SOLE 184,314
IKON OFFICE SOLUTIONS INC COM 451713101 378 29,500 SH SOLE 29,500
ILLINOIS TOOL WKS INC COM 452308109 3,088 49,900 SH SOLE 49,900
IMS HEALTH INC COM 449934108 2,107 63,600 SH SOLE 63,600
INCO LTD COM 453258402 441 33,100 SH SOLE 33,100
INFORMIX CORP COM 456779107 5,804 787,040 SH SOLE 787,040
INGERSOLL RAND CO COM 456866102 1,630 32,850 SH SOLE 32,850
INKTOMI CORPORATION COM 457277101 34,543 402,828 SH SOLE 402,828
INTEL CORP COM 458140100 7,513 63,200 SH SOLE 63,200
INTERNATIONAL PAPER CO COM 460146103 2,587 61,330 SH SOLE 61,330
INTERPUBLIC GROUP COS INC COM 460690100 2,161 27,750 SH SOLE 27,750
INTL FLAVORS & FRAGRANCES INC COM 459506101 796 21,200 SH SOLE 21,200
ISOCOR COM 464902105 2,414 375,000 SH SOLE 375,000
ITT INDS INC IND COM 450911102 732 20,685 SH SOLE 20,685
JEFFERSON PILOT CORP COM 475070108 1,438 21,225 SH SOLE 21,225
JOHNSON & JOHNSON COM 478160104 25,110 268,557 SH SOLE 268,557
JOHNSON CTLS INC COM 478366107 1,054 16,900 SH SOLE 16,900
JOSTENS INC COM 481088102 149 7,000 SH SOLE 7,000
K MART CORP COM 482584109 1,656 98,524 SH SOLE 98,524
KAUFMAN & BROAD HOME CORP COM 486168107 214 9,474 SH SOLE 9,474
KELLOGG CO COM 487836108 2,739 80,998 SH SOLE 80,998
KERR MCGEE CORP COM 492386107 569 17,339 SH SOLE 17,339
KEYCORP NEW COM 493267108 2,755 90,898 SH SOLE 90,898
KIMBERLY CLARK CORP COM 494368103 5,187 108,200 SH SOLE 108,200
KING WORLD PRODTNS INC COM 495667107 437 14,300 SH SOLE 14,300
KLA TENCOR CORP COM 482480100 850 17,500 SH SOLE 17,500
KNIGHT RIDDER INC COM 499040103 780 15,600 SH SOLE 15,600
KOHLS CORP COM 500255104 2,240 31,600 SH SOLE 31,600
KROGER CO COM 501044101 3,066 51,200 SH SOLE 51,200
FAIR MARKET VALUE TOTAL: 153,709
<PAGE>
LAIDLAW INC COM 50730K503 383 65,900 SH SOLE 65,900
LEHMAN BROS HLDGS INC COM 524908100 1,356 22,700 SH SOLE 22,700
LILLY ELI & CO COM 532457108 18,644 219,670 SH SOLE 219,670
LIMITED INC COM 532716107 1,790 45,180 SH SOLE 45,180
LINCOLN NATL CORP IND COM 534187109 1,987 20,100 SH SOLE 20,100
LIZ CLAIBORNE INC COM 539320101 421 12,900 SH SOLE 12,900
LOCKHEED MARTIN CORP COM 539830109 2,960 78,400 SH SOLE 78,400
LOEWS CORP COM 540424108 1,694 22,700 SH SOLE 22,700
LONGS DRUG STORES CORP COM 543162101 237 7,800 SH SOLE 7,800
LOUISIANA PAC CORP COM 546347105 404 21,700 SH SOLE 21,700
LOWES COS INC COM 548661107 4,259 70,400 SH SOLE 70,400
LSI LOGIC CORP COM 502161102 881 28,240 SH SOLE 28,240
LUCENT TECHNOLOGIES INC COM 549463107 28,512 264,000 SH SOLE 264,000
MADGE NETWORKS, INC COM N5424G106 103 38,448 SH SOLE 38,448
MALLINCKRODT INC NEW COM 561232109 381 14,300 SH SOLE 14,300
MARRIOTT INTL INC NEW CL A 571903202 1,629 48,434 SH SOLE 48,434
MARSH & MCLENNAN COS INC COM 571748102 3,816 51,400 SH SOLE 51,400
MASCO CORP COM 574599106 1,913 67,700 SH SOLE 67,700
MATTEL INC COM 577081102 1,432 57,441 SH SOLE 57,441
MAY DEPT STORES CO COM 577778103 2,735 69,900 SH SOLE 69,900
MAYTAG CORP COM 578592107 1,079 17,873 SH SOLE 17,873
MBIA INC COM 55262C100 1,148 19,800 SH SOLE 19,800
MBNA CORP COM 55262L100 3,823 160,143 SH SOLE 160,143
MCDERMOTT INTL INC COM 580037109 299 11,800 SH SOLE 11,800
MCDONALDS CORP COM 580135101 12,245 270,224 SH SOLE 270,224
MCGRAW HILL COS INC COM 580645109 2,143 39,316 SH SOLE 39,316
MCI WORLDCOM INC COM 55268B106 32,428 366,154 SH SOLE 366,154
MCKESSON HBOC INC COM 58155Q103 3,651 55,325 SH SOLE 55,325
MEAD CORP COM COM 582834107 627 20,400 SH SOLE 20,400
MEDIAONE GROUP INC COM 58440J104 7,689 121,200 SH SOLE 121,200
MEDTRONIC INC COM 585055106 8,381 116,600 SH SOLE 116,600
MELLON BK CORP COM 585509102 3,672 52,180 SH SOLE 52,180
MERCANTILE BANCORPORATION INC COM 587342106 1,492 31,400 SH SOLE 31,400
MERCK & CO INC COM 589331107 38,115 475,692 SH SOLE 475,692
FAIR MARKET VALUE TOTAL: 192,329
<PAGE>
MEREDITH CORP COM 589433101 327 10,400 SH SOLE 10,400
MERRILL LYNCH & CO INC COM 590188108 6,262 70,760 SH SOLE 70,760
MEYER FRED INC DEL NEW COM 592907109 1,819 30,900 SH SOLE 30,900
MGIC INVT CORP WIS COM 552848103 768 21,900 SH SOLE 21,900
MICRON TECHNOLOGY INC COM 595112103 2,385 49,500 SH SOLE 49,500
MICROSOFT CORP COM 594918104 84,023 937,500 SH SOLE 937,500
MICROSOFT CORP PFD A CV 594918203 100,000 1,251,957 SH SOLE 1,251,957
EXCH
MICROTEST, INC COM 594941106 105 44,074 SH SOLE 44,074
MILACRON INC COM 598709103 121 7,700 SH SOLE 7,700
MILLIPORE CORP COM 601073109 210 8,700 SH SOLE 8,700
MINNESOTA MNG & MFG CO COM 604059105 5,681 80,300 SH SOLE 80,300
MIRAGE RESORTS INC COM 60462E104 765 36,000 SH SOLE 36,000
MOBIL CORP COM 607059102 13,702 155,700 SH SOLE 155,700
MONSANTO CO COM 611662107 5,744 125,043 SH SOLE 125,043
MOORE LTD COM 615785102 175 17,700 SH SOLE 17,700
MORGAN J P & CO INC COM 616880100 4,318 35,000 SH SOLE 35,000
MORGAN STANLEY DEAN WTTER & CO COM 617446448 11,528 115,351 SH SOLE 115,351
MORTON INTL INC IND NEW COM 619335102 886 24,100 SH SOLE 24,100
MOTOROLA INC COM 620076109 8,778 119,835 SH SOLE 119,835
MRV COMMUNICATIONS, INC COM 553477100 1,206 200,000 SH SOLE 200,000
NACCO INDS INC CL A 629579103 122 1,649 SH SOLE 1,649
NALCO CHEM CO COM 629853102 348 13,100 SH SOLE 13,100
NATIONAL CITY CORP COM 635405103 4,322 65,113 SH SOLE 65,113
NATIONAL SEMICONDUCTOR CORP COM 637640103 311 33,400 SH SOLE 33,400
NATIONAL SVC INDS INC COM 637657107 279 8,200 SH SOLE 8,200
NAVISTAR INTL CORP NEW COM 63934E108 529 13,160 SH SOLE 13,160
NETWORK COMPUTING DEVICES, INC COM 64120N100 3,750 750,000 SH SOLE 750,000
NEW CENTURY ENERGIES INC COM 64352U103 777 22,800 SH SOLE 22,800
NEW YORK TIMES CO CL A 650111107 1,040 36,500 SH SOLE 36,500
NEWELL RUBBERMAID INC COM 651229106 2,664 56,082 SH SOLE 56,082
NEWMONT MNG CORP COM 651639106 585 33,452 SH SOLE 33,452
NEXTEL COMMUNICATIONS INC CL A 65332V103 2,102 57,400 SH SOLE 57,400
FAIR MARKET VALUE TOTAL: 265,632
<PAGE>
NIAGARA MOHAWK HLDGS INC COM 653520106 503 37,400 SH SOLE 37,400
NICOR INC COM 654086107 341 9,500 SH SOLE 9,500
NIKE INC CL B 654106103 3,259 56,500 SH SOLE 56,500
NORDSTROM INC WASH COM 655664100 1,161 28,400 SH SOLE 28,400
NORFOLK SOUTHN CORP COM 655844108 1,997 75,724 SH SOLE 75,724
NORTHERN STS PWR CO MINN COM 665772109 707 30,500 SH SOLE 30,500
NORTHERN TELECOM LTD COM 665815106 8,231 132,484 SH SOLE 132,484
NORTHERN TR CORP COM 665859104 1,972 22,200 SH SOLE 22,200
NORTHROP GRUMMAN CORP COM 666807102 821 13,719 SH SOLE 13,719
NOVELL INC COM 670006105 1,699 67,451 SH SOLE 67,451
NUCOR CORP COM 670346105 771 17,500 SH SOLE 17,500
OBJECT DESIGN, INC COM 674416102 732 142,857 SH SOLE 142,857
OCCIDENTAL PETE CORP COM 674599105 1,244 69,100 SH SOLE 69,100
OMNICOM GROUP INC COM 681919106 2,694 33,700 SH SOLE 33,700
ONEOK INC NEW COM 682680103 156 6,300 SH SOLE 6,300
OPEN MARKET INC COM 68370M100 4,345 335,852 SH SOLE 335,852
ORACLE CORPORATION COM 68389X105 7,581 287,450 SH SOLE 287,450
OWENS CORNING COM 69073F103 344 10,800 SH SOLE 10,800
OWENS ILL INC NEW COM 690768403 778 31,100 SH SOLE 31,100
P P & L RESOURCES INC COM 693499105 747 30,200 SH SOLE 30,200
PACCAR INC COM 693718108 643 15,600 SH SOLE 15,600
PACIFICORP COM 695114108 1,025 59,400 SH SOLE 59,400
PALL CORP COM 696429307 411 24,800 SH SOLE 24,800
PARAMETRIC TECHNOLOGY CORP COM 699173100 1,055 53,400 SH SOLE 53,400
PARKER HANNIFIN CORP COM 701094104 740 21,600 SH SOLE 21,600
PAYCHEX INC COM 704326107 1,551 32,700 SH SOLE 32,700
PECO ENERGY CO COM 693304107 2,067 44,700 SH SOLE 44,700
PENNEY J C INC COM 708160106 2,132 52,650 SH SOLE 52,650
PEOPLES ENERGY CORP ILL COM 711030106 229 7,100 SH SOLE 7,100
PEOPLESOFT INC COM 712713106 682 46,600 SH SOLE 46,600
PEP BOYS MANNY MOE & JACK COM 713278109 160 10,500 SH SOLE 10,500
PEPSICO INC COM 713448108 11,482 293,002 SH SOLE 293,002
PERKIN ELMER CORP COM 714041100 961 9,900 SH SOLE 9,900
FAIR MARKET VALUE TOTAL: 63,221
<PAGE>
PFIZER INC COM 717081103 35,950 259,100 SH SOLE 259,100
PG&E CORP COM 69331C108 2,375 76,452 SH SOLE 76,452
PHARMACIA & UPJOHN INC COM 716941109 6,327 101,429 SH SOLE 101,429
PHELPS DODGE CORP COM 717265102 570 11,575 SH SOLE 11,575
PHILIP MORRIS COS INC COM 718154107 17,109 486,210 SH SOLE 486,210
PHILLIPS PETE CO COM 718507106 2,400 50,800 SH SOLE 50,800
PHOENIX TECHNOLOGIES, LTD COM 719153108 7,607 894,971 SH SOLE 894,971
PIONEER HI BRED INTL COM 723686101 1,798 47,800 SH SOLE 47,800
PITNEY BOWES INC COM 724479100 3,468 54,400 SH SOLE 54,400
PLACER DOME INC COM 725906101 558 49,900 SH SOLE 49,900
PNC BK CORP COM 693475105 3,334 60,000 SH SOLE 60,000
POLAROID CORP COM 731095105 176 8,700 SH SOLE 8,700
POTLATCH CORP COM 737628107 197 5,800 SH SOLE 5,800
PPG INDS INC COM 693506107 1,804 35,202 SH SOLE 35,202
PRAXAIR INC COM 74005P104 1,134 31,447 SH SOLE 31,447
PROCTER & GAMBLE CO COM 742718109 25,962 265,090 SH SOLE 265,090
PROGRESSIVE CORP OHIO COM 743315103 2,081 14,500 SH SOLE 14,500
PROVIDENT COS INC COM 743862104 933 27,000 SH SOLE 27,000
PROVIDIAN FINL CORP COM 74406A102 3,108 28,250 SH SOLE 28,250
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,699 44,500 SH SOLE 44,500
PULTTE CORP COM 745867101 179 8,600 SH SOLE 8,600
PUMA TECHNOLOGY, INC COM 745887109 764 203,788 SH SOLE 203,788
QUAKER OATS CO COM 747402105 1,699 27,300 SH SOLE 27,300
RADISYS CORPORATION COM 750459109 36,845 1,186,167 SH SOLE 1,186,167
RALSTON PURINA CO-RALSTON COM 751277302 1,751 65,600 SH SOLE 65,600
RAYCHEM CORP COM 754603108 347 15,400 SH SOLE 15,400
RAYTHEON CO CL B 755111408 3,949 67,356 SH SOLE 67,356
REEBOK INTL LTD COM 758110100 179 11,300 SH SOLE 11,300
REGIONS FINL CORP COM 758940100 1,530 44,200 SH SOLE 44,200
RELIANT ENERGY INC COM 75952J108 1,481 56,822 SH SOLE 56,822
REPUBLIC N Y CORP COM 760719104 987 21,400 SH SOLE 21,400
REYNOLDS METALS CO COM 761763101 623 12,900 SH SOLE 12,900
RITE AID CORP COM 767754104 1,290 51,600 SH SOLE 51,600
FAIR MARKET VALUE TOTAL: 170,214
<PAGE>
RJR NABISCO HLDGS CORP COM NEW 74960K876 1,623 64,900 SH SOLE 64,900
ROCKWELL INTL CORP NEW COM 773903109 1,604 37,800 SH SOLE 37,800
ROHM & HAAS CO COM 775371107 1,124 33,500 SH SOLE 33,500
ROWAN COS INC COM 779382100 213 16,800 SH SOLE 16,800
ROYAL DUTCH PETE CO NY REG 780257804 22,268 428,240 SH SOLE 428,240
GLD1.25
RUSSELL CORP COM 782352108 145 7,200 SH SOLE 7,200
RYDER SYS INC COM 783549108 395 14,300 SH SOLE 14,300
SAFECO CORP COM 786429100 1,104 27,300 SH SOLE 27,300
SAFEWAY INC NEW COM 786514208 4,982 97,100 SH SOLE 97,100
SARA LEE CORP COM 803111103 4,509 182,200 SH SOLE 182,200
SBC COMMUNICATIONS INC COM 78387G103 18,432 390,612 SH SOLE 390,612
SCHERING PLOUGH CORP COM 806605101 16,213 293,440 SH SOLE 293,440
SCHLUMBERGER LTD COM 806857108 6,560 109,000 SH SOLE 109,000
SCHWAB CHARLES CORP NEW COM 808513105 7,704 80,150 SH SOLE 80,150
SCIENTIFIC ATLANTA INC COM 808655104 411 15,100 SH SOLE 15,100
SCM MICROSYSTEMS, INC COM 784018103 10,610 174,650 SH SOLE 174,650
SEAGATE TECHNOLOGY COM 811804103 1,440 48,700 SH SOLE 48,700
SEAGRAM LTD COM 811850106 3,985 79,700 SH SOLE 79,700
SEALED AIR CORP NEW COM 81211K100 820 16,676 SH SOLE 16,676
SEARS ROEBUCK & CO COM 812387108 3,457 76,500 SH SOLE 76,500
SEMPRA ENERGY COM 816851109 921 48,012 SH SOLE 48,012
SERVICE CORP INTL COM 817565104 778 54,600 SH SOLE 54,600
SHARED MED SYS CORP COM 819486101 295 5,300 SH SOLE 5,300
SHERWIN WILLIAMS CO COM 824348106 968 34,400 SH SOLE 34,400
SIGMA ALDRICH CORP COM 826552101 588 20,100 SH SOLE 20,100
SILICON GRAPHICS INC COM 827056102 621 37,500 SH SOLE 37,500
SILICON VALLEY GROUP INC COM 827066101 6,133 498,100 SH SOLE 498,100
SLM HLDG CORP COM 78442A109 1,382 33,100 SH SOLE 33,100
SNAP ON INC COM 833034101 339 11,700 SH SOLE 11,700
SOLECTRON CORP COM 834182107 2,443 50,300 SH SOLE 50,300
SONAT INC COM 835415100 660 22,000 SH SOLE 22,000
SOUTHERN CO COM 842587107 3,247 139,300 SH SOLE 139,300
FAIR MARKET VALUE TOTAL: 125,974
<PAGE>
SOUTHTRUST CORP COM 844730101 1,231 33,000 SH SOLE 33,000
SOUTHWEST AIRLS CO COM 844741108 2,032 67,162 SH SOLE 67,162
SPORTSLINE USA, INC COM 848934105 10,131 222,043 SH SOLE 222,043
SPRINGS INDS INC CL A 851783100 99 3,650 SH SOLE 3,650
SPRINT CORP (FON GROUP) COM 852061100 8,752 89,190 SH SOLE 89,190
SPRINT CORP PCS COM 852061506 3,893 87,845 SH SOLE 87,845
SER 1
ST JUDE MED INC COM 790849103 410 16,832 SH SOLE 16,832
ST PAUL COS INC COM 792860108 1,462 47,074 SH SOLE 47,074
STANDARD MICROSYSTEMS CORP COM 853626109 12,147 1,542,506 SH SOLE 1,542,506
STANLEY WKS COM 854616109 455 17,740 SH SOLE 17,740
STAPLES INC COM 855030102 3,026 92,050 SH SOLE 92,050
STATE STREET CORP COM 857477103 2,640 32,100 SH SOLE 32,100
SUMMIT BANCORP COM 866005101 1,349 34,600 SH SOLE 34,600
SUN MICROSYSTEMS INC COM 866810104 9,617 76,900 SH SOLE 76,900
SUN MICROSYSTEMS, INC COM 866810104 518 4,143 SH SOLE 4,143
SUNOCO INC COM 86764P109 672 18,645 SH SOLE 18,645
SUNTRUST BKS INC COM 867914103 3,987 64,050 SH SOLE 64,050
SUPERVALU INC COM 868536103 493 23,900 SH SOLE 23,900
SYNOVUS FINL CORP COM 87161C105 1,096 53,450 SH SOLE 53,450
SYSCO CORP COM 871829107 1,750 66,500 SH SOLE 66,500
SYSTEMSOFT CORP COM 871926101 140 2,004,292 SH SOLE 2,004,292
TANDY CORP COM 875382103 1,260 19,750 SH SOLE 19,750
TEKTRONIX INC COM 879131100 237 9,367 SH SOLE 9,367
TELLABS INC COM 879664100 3,793 38,800 SH SOLE 38,800
TEMPLE INLAND INC COM 879868107 697 11,100 SH SOLE 11,100
TENET HEALTHCARE CORP COM 88033G100 1,174 61,974 SH SOLE 61,974
TENNECO INC NEW COM 88037E101 947 33,900 SH SOLE 33,900
TEXACO INC COM 881694103 6,055 106,700 SH SOLE 106,700
TEXAS INSTRS INC COM 882508104 7,732 77,900 SH SOLE 77,900
TEXAS UTILS CO COM 882848104 2,372 56,465 SH SOLE 56,465
TEXTRON INC COM 883203101 2,445 31,600 SH SOLE 31,600
THERMO ELECTRON CORP COM 883556102 430 31,700 SH SOLE 31,700
FAIR MARKET VALUE TOTAL: 93,042
<PAGE>
THOMAS & BETTS CORP COM 884315102 428 11,400 SH SOLE 11,400
TIME WARNER INC COM 887315109 17,351 245,034 SH SOLE 245,034
TIMES MIRROR CO NEW COM COM 887364107 859 15,871 SH SOLE 15,871
SER A
TIMKEN CO COM 887389104 202 12,400 SH SOLE 12,400
TJX COS INC NEW COM COM 872540109 2,193 64,500 SH SOLE 64,500
TORCHMARK CORP COM 891027104 889 28,100 SH SOLE 28,100
TOYS R US INC COM 892335100 943 50,100 SH SOLE 50,100
TRANSAMERICA CORP COM 893485102 1,775 25,000 SH SOLE 25,000
TRIBUNE CO NEW COM 896047107 1,551 23,700 SH SOLE 23,700
TRICON GLOBAL RESTAURANTS INC COM 895953107 2,138 30,440 SH SOLE 30,440
TRW INC COM 872649108 1,087 23,900 SH SOLE 23,900
TUPPERWARE CORP COM 899896104 208 11,550 SH SOLE 11,550
TUT SYSTEMS, INC COM 901103101 4,146 83,334 SH SOLE 83,334
TYCO INTL LTD NEW COM 902124106 9,343 130,215 SH SOLE 130,215
UNICOM CORP COM 904911104 1,587 43,400 SH SOLE 43,400
UNILEVER N V NY SHS 904784501 8,497 127,900 SH SOLE 127,900
UNION CAMP CORP COM 905530101 926 13,800 SH SOLE 13,800
UNION CARBIDE CORP COM 905581104 1,200 26,565 SH SOLE 26,565
UNION PAC CORP COM 907818108 2,640 49,400 SH SOLE 49,400
UNION PAC RES GROUP INC COM 907834105 595 50,078 SH SOLE 50,078
UNION PLANTERS CORP TENN COM 908068109 1,208 27,500 SH SOLE 27,500
UNISYS CORP COM 909214108 1,443 52,100 SH SOLE 52,100
UNITED HEALTHCARE CORP COM 910581107 1,957 37,185 SH SOLE 37,185
UNITED TECHNOLOGIES CORP COM 913017109 6,108 45,100 SH SOLE 45,100
UNOCAL CORP COM 915289102 1,777 48,200 SH SOLE 48,200
UNUM CORP COM 903192102 1,313 27,600 SH SOLE 27,600
US AIRWAYS GROUP INC COM 911905107 854 17,500 SH SOLE 17,500
US BANCORP DEL COM 902973106 4,957 145,521 SH SOLE 145,521
UST INC COM 902911106 970 37,119 SH SOLE 37,119
US WEB CORPORATION COM 917327108 70,236 1,702,699 SH SOLE 1,702,699
US WEST INC NEW COM 91273H101 5,533 100,483 SH SOLE 100,483
USX MARATHON GROUP NEW COM 902905827 1,689 61,400 SH SOLE 61,400
FAIR MARKET VALUE TOTAL: 156,603
<PAGE>
USX U S STL GROUP COM 90337T101 414 17,600 SH SOLE 17,600
V F CORP COM 918204108 1,135 23,900 SH SOLE 23,900
VERISIGN, INC COM 92343E102 30,192 196,052 SH SOLE 196,052
VIACOM INC CL B 925524308 5,834 69,500 SH SOLE 69,500
VIDEOSERVER, INC COM 926918103 2,015 260,000 SH SOLE 260,000
VOXWARE, INC COM 92906L105 375 500,000 SH SOLE 500,000
VTEL CORP COM 918333105 5,750 1,672,846 SH SOLE 1,672,846
WACHOVIA CORP NEW COM 929771103 3,288 40,500 SH SOLE 40,500
WAL MART STORES INC COM 931142103 40,937 444,057 SH SOLE 444,057
WALGREEN CO COM 931422109 5,630 199,300 SH SOLE 199,300
WARNER LAMBERT CO COM 934488107 10,865 164,000 SH SOLE 164,000
WASHINGTON MUTUAL INC COM 939322103 4,845 118,541 SH SOLE 118,541
WASTE MGMT INC DEL COM 94106L109 5,305 119,558 SH SOLE 119,558
WAVEPHORE, INC COM 943567107 4,031 500,000 SH SOLE 500,000
WELLS FARGO & CO NEW COM 949746101 11,513 328,350 SH SOLE 328,350
WENDYS INTL INC COM 950590109 705 24,785 SH SOLE 24,785
WESTVACO CORP COM 961548104 421 20,050 SH SOLE 20,050
WEYERHAEUSER CO COM 962166104 2,206 39,753 SH SOLE 39,753
WHIRLPOOL CORP COM 963320106 827 15,200 SH SOLE 15,200
WILLAMETTE INDS INC COM 969133107 838 22,200 SH SOLE 22,200
WILLIAMS COS INC COM 969457100 3,377 85,492 SH SOLE 85,492
WINN DIXIE STORES INC COM 974280109 1,110 29,700 SH SOLE 29,700
WORTHINGTON INDS INC COM 981811102 217 18,500 SH SOLE 18,500
WRIGLEY WM JR CO COM 982526105 2,098 23,200 SH SOLE 23,200
XEROX CORP COM 984121103 6,828 131,000 SH SOLE 131,000
XIRCOM, INC COM 983922105 63,225 2,516,405 SH SOLE 2,516,405
FAIR MARKET VALUE TOTAL: 213,981
FAIR MARKET VALUE GRAND TOTAL: 3,280,483
</TABLE>
