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:
Name: Investment Counselors of Maryland
Address: 803 Cathedral Street
Baltimore, Maryland 21201-5297
13F File Number:
The institutional investment manager filing this
report and the person by whom it is signed hereby
represent that the person signing the report is
authorized to submit it, that all information
contained herein is true, correct and complete,
and that it is understood that all required items,
statements, schedules, lists, and tables,
are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Robert D. McDorman, Jr.
Title: Principal
Phone: 410-539-3838
Signature, Place, and Date of Signing:
Robert D. McDorman, Jr. Baltimore, Maryland June 30, 1999
Report Type (Check only one.):
{x} 13F Holdings Report.
{ } 13F Notice.
{ } 13F Combination Report.
List of other managers reporting for this Manager:0
I am signing this report as required by the Securities Exchange Act of 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 357
Form 13F Information Table Value Total: 2089999406
List of other Included Managers:0
None
<PAGE>
<TABLE>
<C>
<C>
FORM 13F INFORMATION TABLE
Investment Discretion
Security
Title of
Class
CUSIP
Market Value
Quantity
Sole
Share
Other
AARON RENTS INC
COM
002535201
16843250
757000
x
ABBOTT LABS
COM
002824100
215531
4750
x
ACMAT CLASS A
COM
004616207
2581250
175000
x
ACX TECHNOLOGIES
COM
005123104
13843375
851900
x
ADVANCED COMM SYSTEMS INC
COM
00750x109
8007188
585000
x
AEGON N V ORD AMER REG
COM
007924103
995347
13462
x
AGCO CORP
COM
001084102
113125
10000
x
AK STEEL HOLDING CO
COM
001547108
8178750
363500
x
AKZO NOBEL N V
COM
010199305
1234469
29132
x
169500
4000
x
ALASKA AIR GROUP INC
COM
011659109
250500
6000
x
ALLEGHENY ENERGY INC
COM
017361106
3629475
113200
x
ALLEGHENY TELEDYNE INC
COM
017415100
1945750
86000
x
ALLIED DEVICES CORP
COM
019120104
16875
12000
x
ALLIED ZURICH PLC ADR
COM
01959q101
814978
32620
x
AMERICAN BUSINESS PRODUCTS
COM
024763104
9735600
638400
x
AMERICAN EXPRESS CO
COM
025816109
261291
2008
x
AMERICAN GENERAL CORP
COM
026351106
396623
5262
x
86681
1150
x
AMERICAN HOME PRODUCTS
COM
026609107
4544100
79200
x
183600
3200
x
AMERICAN INTL GROUP
COM
026874107
5689205
48522
x
AMERICAN RETIREMENT CORP.
COM
028913101
5687500
455000
x
AMETEK INC
COM
031100100
13705125
595875
x
AMSOUTH BANCORP
COM
032165102
419810
18105
x
ANALOGIC CORP
COM
032657207
8084375
260000
x
APACHE CORP
COM
037411105
19620900
503100
x
APPLIED PWR INC CL A
COM
038225108
8389034
307150
x
ARAMEX INT'L LTD
COM
G04450105
1509375
175000
x
ARAMEX INT'L LTD
COM
G04450105
258750
30000
x
ARNOLD INDUSTRIES INC
COM
042595108
5417019
350900
x
ASCENT ENTMT GROUP INC
COM
043628106
3695665
261640
x
ASSOCIATED BANC-CORP
COM
045487105
3465250
83500
x
ASSOCIATES FIRST CAPITAL CORP CL A
COM
046008108
2356275
53400
x
AT&T CORP
COM
001957109
5304699
95045
x
167438
3000
x
ATLANTIC RICHFIELD CO
COM
048825103
7737052
92590
x
AUTODESK INC
COM
052769106
11301744
382300
x
AVISTA CORP
COM
05379b107
3098875
190700
x
AVONDALE INDS INC
COM
054350103
16520400
423600
x
BAKER HUGHES INC
COM
057224107
20821925
621550
x
BANCTEC INC
COM
059784108
10045000
560000
x
BANK NEW YORK INC
COM
064057102
221593
6040
x
BANK OF AMERICA CORP
COM
060505104
13730918
187293
x
248823
3394
x
BANK ONE CORP
COM
06423a103
6748550
113302
x
BANTA CORP
COM
066821109
2556750
121750
x
BASIN EXPLORATION INC
COM
070107107
1745438
87000
x
BE AEROSPACE INC
COM
073302101
7680563
411000
x
BECKMAN COULTER INC
COM
075811109
7333866
150825
x
BECTON DICKINSON & CO
COM
075887109
6125250
204175
x
BELCO OIL & GAS CORP
COM
077410108
3230273
465625
x
BELDEN INC
COM
077459105
10341000
432000
x
BELL & HOWELL
COM
077852101
11926063
315400
x
BELL ATLANTIC CORP
COM
077853109
1498134
22916
x
156900
2400
x
BENCHMARK ELECTRONICS INC
COM
08160h101
6159688
171400
x
BERKSHIRE HATHAWAY
COM
10382K102
275600
4
x
BERSHIRE HATHAWAY CLASS B
COM
084670207
730240
326
x
235200
105
x
BESTFOODS
COM
08658U101
257400
5200
x
198000
4000
x
BIO RAD LABS INC CL A
COM
090572207
10243613
392100
x
BOEING CO
COM
097023105
1127280
25620
x
BON-TON STORES INC
COM
09776j101
3592125
558000
x
BORG WARNER AUTOMOTIVE
COM
099724106
4197875
76325
x
BOWNE & CO INC
COM
103043105
10833750
810000
x
BP AMOCO PLC ADR
COM
055622104
191394
1764
x
143546
1323
x
BRADLEY REAL ESTATE
COM
104580105
5984300
288400
x
BRADY CORP CLASS A
COM
104674106
4156750
127900
x
BRISTOL MYERS SQUIBB
COM
110122108
735508
10442
x
BRITISH AMERICAN TOBACCO ADR
COM
110448107
608050
31587
x
BURLINGTON COAT FACTORY
COM
121579106
10386263
537800
x
BURLINGTON NORTHERN SANTA FE
COM
12189T104
2631435
84885
x
BUSH INDUSTRIES INC
COM
123164105
7065625
425000
x
C&D TECHNOLOGIES INC
COM
124661109
17137750
559600
x
CAMBREX CORP
COM
132011107
10762500
410000
x
CAMDEN PROPERITES
COM
133131102
5971800
215200
x
CANNONDALE CORP
COM
137798104
3526250
310000
x
CAROLINA PWR & LT CO
COM
144141108
461176
10772
x
CARPENTER TECHNOLOGY
COM
144285103
7297719
255500
x
CATERPILLAR INC
COM
149123101
240000
4000
x
CBL & ASSOCIATES
COM
124830100
8255375
313000
x
CENTEX CONSTRUCTION PRODS
COM
15231r109
13499850
395600
x
CENTEX CORP
COM
152312104
5634375
150000
x
CENTRAL & SO WEST CORP
COM
152357109
233750
10000
x
CHASE MANHATTAN
COM
16161A108
8412125
97250
x
CHEVRON CORPORATION
COM
166751107
547560
5760
x
CHITTENDEN CORP
COM
170228100
11406250
365000
x
CHUBB CORP
COM
171232101
9848150
141700
x
CINCINNATI FINANCIAL CORP
COM
172062101
223572
5952
x
CIRCUIT CITY STORE INC CIRCT CITY GRP
COM
172737108
1283400
13800
x
CITIGROUP
COM
172967101
4559216
95984
x
CLARCOR INC
COM
179895107
8892447
463450
x
CMI CORP CL A
COM
125761304
7502575
822200
x
CMS ENERGY CLASS G
COM
125896209
6582350
280100
x
COCA COLA CO
COM
191216100
1528300
24650
x
COHU INC
COM
192576106
6141100
173600
x
COLONIAL BANCGROUP INC
COM
195493309
13081041
938550
x
COLUMBIA/HCA HEALTHCARE
COM
197677107
257781
11300
x
COMERICA INC
COM
200340107
13397213
225400
x
COMPUTER HORIZONS CORP
COM
205908106
6036063
437000
x
COMSAT CORP
COM
20564d107
12873250
396100
x
CONE MILLS CORP
COM
206814105
456000
76000
x
CONSOLIDATED EDISON INC
COM
209115104
457025
10100
x
CONSOLIDATED NAT GAS
COM
209615103
960458
15810
x
CONSOLIDATED STORES CORP
COM
210149100
11291400
418200
x
CONSTELLATION ENERGY
COM
210371100
569422
19221
x
CORPORATE OFFICE PROPERTIES TRUST
INC
COM
22002t108
1653875
202000
x
CSS INDUSTRIES INC
COM
125906107
12602813
448100
x
DAIMLER CHRYSLER
COM
D1668R123
2396058
26922
x
DEERE & CO
COM
244199105
391875
10000
x
DELPHI AUTOMOTIVE SYSTEMS
COM
247126105
269804
14584
x
DELTA AIR LINES
COM
247361108
2270425
39400
x
DENTSPLY INT'L INC
COM
249030107
15046763
521100
x
DEXTER CORP
COM
252165105
13530364
331525
x
DII GROUP INC
COM
232949107
20066663
537800
x
DILLARDS INC
COM
254067101
10077363
286900
x
DONNELLY (R.R.& SONS) & CO
COM
257867101
2791733
75325
x
DONNELLY CORP CL A
COM
257870105
7305375
462000
x
DONNELLY RH CORP
COM
74955w307
5870706
300100
x
DORSEY TRAILERS INC
COM
258440106
416625
222200
x
DOW CHEM CO
COM
260543103
1306813
10300
x
190313
1500
x
DPL INC
COM
233293109
312188
16875
x
DU PONT E I DE NEMOURS
COM
263534109
2184087
31972
x
DURA AUTOMOTIVE SYSTEMS INC
COM
265903104
3600979
108300
x
EASTMAN KODAK CO
COM
277461109
191529
2827
x
110771
1635
x
EDISON INTL
COM
281020107
5315225
198700
x
EDWARDS AG INC
COM
281760108
822375
25500
x
ELF AQUITAINE SPONSORED ADR
COM
286269105
1288079
17510
x
EMERSON ELECTRIC CO
COM
291011104
514011
8167
x
ENSCO INT'L INC
COM
26874q100
1993750
100000
x
EQUITABLE RESOURCES INC
COM
294549100
19327207
511979
x
254813
6750
x
EQUITY ONE INC
COM
294752100
3160000
320000
x
EXXON CORP
COM
302290101
3459519
44856
x
F M C CORP
COM
302491303
2834969
41500
x
FEDERAL HOME LN MTG CP
COM
313400301
629880
10860
x
FEDERAL NATL MTG ASSN
COM
313586109
868140
12720
x
FIBERMARK INC
COM
315646109
7365219
558500
x
FINLAY ENTERPRISES INC
COM
317884203
6787813
507500
x
FIRST COMMONWEALTH FIN'L CORP
COM
319829107
5653600
236800
x
FIRST HEALTH GROUP
COM
320960107
10758070
498925
x
FIRST INDUSTRIAL RLTY
COM
32054k103
3468100
126400
x
FIRST UNION CORP
COM
337358105
16524287
350648
x
FIRST VA BANKS INC
COM
337477103
286301
5828
x
FORD MTR CO
COM
345370100
13942376
247041
x
FORT JAMES
COM
347471104
6764096
178590
x
FORTUNE BRANDS INC
COM
349631101
399269
9650
x
FPL GROUP INC
COM
302571104
726513
13300
x
FTI CONSULTING INC
COM
302941109
2000250
381000
x
FURON CO
COM
361106107
12407000
653000
x
GABLES RESIDENTIAL
COM
362418105
9917788
411100
x
GALEY & LORD INC
COM
36352k103
2611875
597000
x
GALLAHER GROUP PLC SPONSORED ADR
COM
363595109
226047
9250
x
GARDEN FRESH RESTAURANT CORP
COM
365235100
3468750
185000
x
GENCORP INC
COM
368682100
15052156
596125
x
GENERAL ELECTRIC CO
COM
369604103
6590160
58320
x
GENERAL MOTORS CORP
COM
370442105
1377552
20872
x
GEORGIA GULF CORP
COM
373200203
8577563
508300
x
GPU INC
COM
36225x100
358594
8500
x
GRANITE CONSTRUCTION INC
COM
387328107
22497344
767500
x
GRIFFON CORP
COM
398433102
9070313
1161000
x
GTE CORP
COM
362320103
728877
9654
x
GUEST SUPPLY INC
COM
401630108
6931563
541000
x
GUILFORD MILLS INC
COM
401794102
7422171
715390
x
HARMAN INT'L
COM
413086109
5385600
122400
x
HARNISCHFEGER INDUSTRIES INC
COM
413345109
63600
31800
x
HARTFORD FINL SVCS
COM
416515104
1615256
27700
x
HEALTHCARE RLTY TR
COM
421946104
3211000
152000
x
HEWLETT PACKARD CO
COM
428236103
15289568
152135
x
HOLOPHANE CORP
COM
43645B106
12771875
335000
x
HONEYWELL INC
COM
438506107
525377
4534
x
HORIZON GROUP PROPERTIES
COM
44041u102
72963
22450
x
HUNT CORP
COM
445591100
3440250
417000
x
HUSSMAN INTERNATIONAL INC
COM
448110106
1676125
101200
x
IBP INC
COM
449223106
546250
23000
x
IDEX CORP
COM
45167r104
3321526
101035
x
INTEGRATED HEALTH SVCS
COM
45812c106
4272000
534000
x
INTEL CORP
COM
458140100
3821685
64230
x
INTERMET CORP
COM
45881k104
6087813
402500
x
INTERNATIONAL BUS MACH
COM
459200101
20052879
155148
x
310200
2400
x
INTL PAPER CO
COM
460146103
839276
16702
x
160800
3200
x
JEFFERSON PILOT CORP
COM
475070108
312736
4725
x
JOHNSON & JOHNSON
COM
478160104
1499400
15300
x
JUNO LIGHTING INC
COM
482047107
13426000
548000
x
K MART CORP
COM
482584109
925947
56118
x
46200
2800
x
KENNAMETAL INC
COM
489170100
11661425
376175
x
KN ENERGY INC
COM
482620101
5048434
377453
x
75234
5625
x
LANCASTER COLONY CORP
COM
513847103
6142725
178050
x
LANDAMERICA FINANCIAL GROUP INC
COM
514936103
4657500
162000
x
LASALLE HOTEL PROPERTIES
COM
517942108
5887656
384500
x
LEAR CORP
COM
521865105
6303325
126700
x
LECHTERS CORP
COM
523238103
1337500
535000
x
LIBERTY PPTY TR SH BEN INT
COM
531172104
13808734
555125
x
LILLY ELI & CO
COM
532457108
687600
9600
x
LINCOLN NATL CORP
COM
534187109
146475
2800
x
313875
6000
x
LIZ CLAIBORNE
COM
539320101
7074248
193815
x
LOCKHEED MARTIN CORP
COM
539830109
2184862
58654
x
LONG BEACH FINANCIAL CORP
COM
542446109
1909375
130000
x
LUCENT TECHNOLOGIES
COM
549463107
2990516
44345
x
174798
2592
x
LUNAR
COM
550362107
2283750
290000
x
M D C HLDGS INC
COM
552676108
20640000
960000
x
MACK-CALI REALTY CORP
COM
554489104
6540188
211400
x
MAPLE LIMITED PARTNERSHIP
COM
565108107
0
25000
x
MARSHALL INDUSTRIES
COM
572393106
9128125
254000
x
MARTIN MARIETTA MATERIALS
COM
573284106
22048300
373700
x
MATTEL INC
COM
577081102
10094308
386385
x
MAY DEPT STORES CO
COM
577778103
981123
24003
x
MCI WORLDCOM INC
COM
55268B106
6230667
72397
x
MEAD CORP
COM
582834107
4840913
115950
x
MEDALLION FINANCIAL
COM
583928106
8116813
425800
x
MEDICAL ASSURANCE INC
COM
58449U100
6570399
232581
x
MERCANTILE BANKSHARES
COM
587405101
804392
22739
x
MERCK & CO INC
COM
589331107
4496868
61078
x
MERIDIAN RESOURCE CORP
COM
58977q109
2828750
730000
x
METHODE ELECTRONICS CL A
COM
591520200
14137322
618025
x
MICROSEMI CORP
COM
595137100
3169688
338100
x
MICROSOFT CORP
COM
594918104
2164500
24000
x
MID-ATLANTIC RLTY TR SH BEN INT
COM
595232109
6702056
602432
x
MIDCOAST ENERGY RESOURCES
COM
59563w104
3870000
240000
x
MILACRON INC
COM
598709103
2242663
121225
x
MILLS CORP
COM
601148109
8249925
380400
x
MOBIL CORP
COM
607059102
3446968
34906
x
MONSANTO CO
COM
611662107
330347
8350
x
316500
8000
x
MORGAN J P & CO INC
COM
616880100
281000
2000
x
MORGAN STAN DEAN WITTR CO
COM
617446448
11890748
115866
x
MOTOROLA INC
COM
620076109
303200
3200
x
NATIONAL CITY CORP
COM
635405103
3141904
47968
x
196500
3000
x
NATIONAL COMPUTER SYS
COM
635519101
17212500
510000
x
NEWELL RUBBERMAID CO
COM
651229106
6001528
129413
x
NEWPARK RESOURCES INC
COM
651718504
8253750
930000
x
NOKIA CORP SPONSORED ADR
COM
654902204
10822138
118194
x
NORFOLK SOUTHERN CORP
COM
655844108
3305014
109710
x
244013
8100
x
NORSTAN INC
COM
656535101
4353125
350000
x
NORTHWEST PIPE CO
COM
667746101
5852000
352000
x
NOVA CORPORATION
COM
669784100
7397500
295900
x
NUI CORP
COM
629430109
5750000
230000
x
NVR INC
COM
62944T105
6523438
125000
x
OCEANEERING INTL INC
COM
675232102
12124388
751900
x
OFFSHORE LOGISTICS INC
COM
676255102
3101650
278800
x
OMEGA HEALTHCARE INVS
COM
681936100
5051506
195700
x
OMEGA WORLDWIDE INC
COM
68210B108
258440
63616
x
PACIFIC GULF PPTYS INC
COM
694396102
5887025
260200
x
PAN PACIFIC RETAIL PPTYS INC
COM
69806l104
3729688
192500
x
PARKER HANNIFIN CORP
COM
701094104
10818731
236475
x
205875
4500
x
PENN VA CORP
COM
707882106
9677500
490000
x
PENNEY J C INC
COM
708160106
1823522
37550
x
PHELPS DODGE CORP
COM
717265102
514081
8300
x
PHILIP MORRIS COS INC
COM
718154107
817615
20345
x
651038
16200
x
PINNACLE WEST CAPITAL CORP
COM
723484101
5574625
138500
x
PIONEER STD ELECTRS
COM
723877106
11136000
928000
x
PITNEY BOWES INC
COM
724479100
2544043
39596
x
514000
8000
x
PNC BK CORP
COM
693475105
6171638
107100
x
POTLATCH CORP
COM
737628107
1261006
28700
x
PPG INDS INC
COM
693506107
661500
11200
x
236250
4000
x
PRAXAIR INC
COM
74005p104
479588
9800
x
PRENTISS PROPERTIES TRUST
COM
740706106
4172175
176600
x
PRIME RETAIL INC
COM
741570105
5490500
632000
x
PROCTER & GAMBLE CO
COM
742718109
1353030
15160
x
PROLOGIS TRUST
COM
743410102
5488560
271040
x
PROSPERITY BANCSHARES INC
COM
743606105
3363750
230000
x
PROTECTIVE LIFE CORP
COM
743674103
363120
10680
x
PROVIDIAN FINL CORP
COM
74406a102
5404304
57955
x
PUBLIC STORAGE INC
COM
74460d109
3886400
138800
x
PUBLIC SVC CO N C INC
COM
744516105
9067500
310000
x
PXRE CORP
COM
693674103
5482813
302500
x
QUAKER CHEMICAL
COM
747316107
4956250
305000
x
QUANEX CORP
COM
747620102
11656500
409000
x
QUESTAR CORP
COM
748356102
13261275
693400
x
QUIXOTE CORP
COM
749056107
6045000
496000
x
RADIAN GROUP INC.
COM
750236101
6121088
125400
x
RAYCHEM CORP
COM
754603108
7130825
192725
x
RAYTHEON CO CLASS A
COM
755111309
321164
4663
x
RAYTHEON CO CLASS B
COM
755111408
2575647
36534
x
RECKSON ASSOCIATES REALTY CORP
COM
75621K106
9622925
408400
x
RELIANCE GROUP HOLDINGS
COM
759464100
1115625
150000
x
REPUBLIC N Y CORP
COM
760719104
8107494
118900
x
REX STORES CORP
COM
761624105
18543375
622000
x
REYNOLDS & REYNOLDS
COM
761695105
7278163
312200
x
RITE AID CORP
COM
767754104
229013
9300
x
ROHM & HAAS CO
COM
775371107
308700
7200
x
ROLLINS TRUCK LEASING
COM
775741101
9311625
837000
x
ROUSE CO
COM
779273101
3989001
157202
x
ROYAL DUTCH PETE CO NY REG GLD1.25
COM
780257804
1277421
21202
x
ROYAL PHILIPS ELECTRONICS
COM
500472204
22014859
218239
x
RUDDICK CORP
COM
781258108
10800000
540000
x
RYLAND GROUP
COM
783764103
12468750
420000
x
SAKS INC
COM
79377w108
15988088
553700
x
SARA LEE CORP
COM
803111103
11277956
497100
x
SBARRO INC
COM
805844107
9607188
355000
x
SCB COMPUTER TECHNOLOGY INC.
COM
78388n107
4725000
900000
x
SCHLUMBERGER LTD
COM
806857108
235771
3702
x
SCOTSMAN INDUSTRIES INC
COM
809340102
8948438
415000
x
SEAGATE TECHNOLOGY
COM
811804103
8595932
335451
x
SEITEL INC
COM
816074306
4974419
307300
x
SHOPKO STORES INC
COM
824911101
31693863
868325
x
SHURGARD STORAGE CTRS
COM
82567d104
7988313
294500
x
SIERRA HEALTH SVCS INC
COM
826322109
11459766
793750
x
SIMPSON MFG CO INC
COM
829073105
4750000
100000
x
SOUTHDOWN INC
COM
841297104
29293503
455930
x
SPACEHAB INC
COM
846243103
2921250
570000
x
SPACELABS MEDICAL INC
COM
846247104
4118525
218200
x
SPARTECH CORP
COM
847220209
1676125
53000
x
ST PAUL COS INC
COM
792860108
445948
14018
x
STANLEY FURNITURE INC
COM
854305208
7886250
350500
x
STANLEY WORKS
COM
854616109
9892828
307350
x
STARCRAFT CORP
COM
855269106
840000
210000
x
STATEN ISLAND BANCORP INC
COM
857550107
4023000
223500
x
STRATTEC SEC CORP
COM
863111100
11306250
335000
x
STRIDE RITE
COM
863314100
5053125
490000
x
SUNTRUST BANKS INC
COM
867914103
523906
7545
x
SUPERIOR FINANCIAL CORP
COM
868161100
4400000
400000
x
SYKES ENTERPRISES INC
COM
871237103
14618250
438000
x
SYLVAN INC
COM
871371100
4870875
419000
x
SYSTEMS & COMPUTER TECH CORP
COM
871873105
2912500
200000
x
TECHNITROL INC
COM
878555101
11477775
355900
x
TELEFLEX INC
COM
879369106
4686906
107900
x
TELEFONICA DE ESPANA SPONSORED ADR
COM
879382208
314174
2135
x
TENNANT CO
COM
880345103
566400
17700
x
TEXACO INC
COM
881694103
2269327
36382
x
TEXAS INDUSTRIES INC
COM
882491103
9865750
254600
x
TEXAS INSTRS INC
COM
882508104
844416
5864
x
TEXAS UTILITIES CO
COM
882848104
1057692
25525
x
THOMAS & BETTS CORP
COM
884315102
15873638
335950
x
TIDEWATER INC
COM
886423102
1113250
36500
x
TJX COS INC
COM
872540109
14806540
444474
x
TORCHMARK CORP
COM
891027104
815588
23900
x
TORO CO
COM
891092108
14037188
356500
x
TRAMMELL CROW CO
COM
89288r106
9122813
555000
x
TRANSOCEAN OFFSHORE
COM
893817106
294000
11200
x
TRENWICK GROUP INC
COM
895290104
8259844
335000
x
TRIGEN ENERGY CORP
COM
895930105
14820000
780000
x
TROPICAL SPORTSWEAR INTL CORP
COM
89708p102
4908750
154000
x
TRW INC
COM
872649108
5130813
93500
x
TUBOSCOPE INC
COM
898600101
5611875
410000
x
TYCO INTL LTD
COM
902124106
8028641
84735
x
U S FREIGHTWAYS CORP
COM
916906100
11578125
250000
x
U S HOME CORP
COM
911920106
16685000
470000
x
U S WEST INC
COM
91273H101
235000
4000
x
72380
1232
x
UCBH HOLDINGS INC
COM
90262t308
1076250
60000
x
UNION PACIFIC CORP
COM
907818108
499388
8564
x
UNION PACIFIC RES GROUP
COM
907834105
1419938
87046
x
UNITED ASSET MGMT CORP
COM
909420101
273000
12000
x
UNITED DOMINION RLTY TR
COM
910197102
6158175
524100
x
UNITED TECHNOLOGIES CP
COM
913017109
640800
8900
x
UNITEL VIDEO INC
COM
913253100
206250
150000
x
US ONCOLOGY INC.
COM
90338w103
5132400
427700
x
UST INC
COM
902911106
7194753
245450
x
V F CORP
COM
918204108
6718163
157150
x
VARLEN CORP
COM
922248109
22880354
564947
x
VODAPHONE AIRTOUCH PLC
COM
92857t107
752310
3819
x
VULCAN MATLS CO
COM
929160109
231600
4800
x
WABASH NATIONAL CORP
COM
929566107
5521875
285000
x
WAL MART STORES INC
COM
931142103
308800
6400
x
WARNER LAMBERT CO
COM
934488107
3303899
47796
x
WAUSAU-MOSINEE PAPER
COM
943315101
5494050
305225
x
WEBB DELL CORP
COM
947423109
11280938
472500
x
WELLPOINT HEALTH NETWORKS
COM
94973h108
5381075
63400
x
WELLS FARGO & CO
COM
949746101
2965995
69380
x
WILLAMETTE INDS INC
COM
969133107
4168656
90500
x
WILLIAMS CLAYTON ENRGY
COM
969490101
2170156
365500
x
WOODHEAD INDS INC
COM
979438108
5726875
467500
x
WYNNS INTL INC
COM
983195108
11175651
606137
x
XEROX CORP
COM
984121103
590625
10000
x
Grand Total
2089999406
</TABLE>
