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, 2000
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 September 30, 2000
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: 321
Form 13F Information Table Value Total: 1614254000
List of other Included Managers:0
None
<PAGE>
<TABLE>
FORM 13F INFORMATION
TABLE
VALUE SHARES/ SH/ PUT/
INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ----
--- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
<C> <C> <C> <C>
AARON RENTS INC COM 002535201 11266 875000 SH SOLE
ABBOTT LABS COM 002824100 200 4210 SH SOLE
ACMAT CLASS A COM 004616207 1247 175000 SH SOLE
ACTUANT CORP COM 00508X104 3479 883665 SH SOLE
ADVANCED MARKETING SERVICES IN COM 00753t105 6750 383000 SH SOLE
AEGON N V ORD AMER REG COM 007924103 438 11805 SH SOLE
AFFILIATED COMPUTER SERVICES COM 008190100 13516 271000 SH SOLE
AGCO CORP COM 001084102 119 10000 SH SOLE
AGILENT TECHNOLOGIES INC COM 00846u101 1089 22253 SH SOLE
AKZO NOBEL N V COM 010199305 734 17432 SH SOLE
169 4000 SH
OTHER
ALLEGHENY ENERGY INC COM 017361106 1198 31375 SH SOLE
ALLIED CAPITAL CORPORATION COM 01903q108 9338 450000 SH SOLE
ALLIED ZURICH PLC ADR COM 01959q101 453 20007 SH SOLE
AMERICAN ELECTRIC POWER COM 025537101 215 5500 SH SOLE
AMERICAN GENERAL CORP COM 026351106 317 4062 SH SOLE
90 1150 SH
OTHER
AMERICAN HOME PRODUCTS COM 026609107 2817 49800 SH SOLE
181 3200 SH
OTHER
AMERICAN INTL GROUP COM 026874107 447 4672 SH SOLE
AMETEK INC COM 031100100 10633 501875 SH SOLE
AMLI RESIDENTIAL PROPERTIES TR COM 001735109 7560 315000 SH SOLE
AMSOUTH BANCORP COM 032165102 226 18105 SH
OTHER
ANADARKO PETROLEUM CORP COM 032511107 283 4257 SH SOLE
ANALOGIC CORP COM 032657207 9417 245000 SH SOLE
ANSYS INC COM 03662Q105 708 59000 SH SOLE
APACHE CORP COM 037411105 11116 188000 SH SOLE
APRIA HEALTHCARE GROUP INC COM 037933108 5157 370000 SH SOLE
APTARGROUP INC COM 038336103 21109 881850 SH SOLE
APW LTD COM G04397108 43140 884915 SH SOLE
ARAMEX INT'L LTD COM G04450105 2358 205000 SH SOLE
ARMOR HOLDINGS INC COM 042260109 3272 218100 SH SOLE
ARNOLD INDUSTRIES INC COM 042595108 5921 350900 SH SOLE
ASSOCIATES FIRST CAPITAL CORP COM 046008108 1468 38634 SH SOLE
AT&T CORP COM 001957109 2120 72157 SH SOLE
122 4140 SH
OTHER
AUTODESK INC COM 052769106 4738 186700 SH SOLE
AVISTA CORP COM 05379b107 4291 190700 SH SOLE
BAKER HUGHES INC COM 057224107 9731 262125 SH SOLE
BALDOR ELECTRIC CO COM 057741100 9141 450000 SH SOLE
BANK OF AMERICA CORP COM 060505104 6379 121796 SH SOLE
178 3394 SH
OTHER
BANK ONE CORP COM 06423a103 2964 76739 SH SOLE
BANTA CORP COM 066821109 2968 121750 SH SOLE
BARRETT RESOURCES CORP COM 068480201 6768 179000 SH SOLE
BASIN EXPLORATION INC COM 070107107 7751 397500 SH SOLE
BECKMAN COULTER INC COM 075811109 3678 47695 SH SOLE
BECTON DICKINSON & CO COM 075887109 2403 90900 SH SOLE
BELCO OIL & GAS CORP COM 077410108 5021 565800 SH SOLE
BELDEN INC COM 077459105 18309 775000 SH SOLE
BELL & HOWELL COM 077852101 10084 461000 SH SOLE
BERKSHIRE HATHAWAY CLASS A COM 10382K102 258 4 SH SOLE
BERKSHIRE HATHAWAY CLASS B COM 084670207 240 116 SH SOLE
217 105 SH
OTHER
BESTFOODS COM 08658U101 116 1600 SH SOLE
291 4000 SH
OTHER
BIO RAD LABS INC CL A COM 090572207 7136 317000 SH SOLE
BOEING CO COM 097023105 630 10000 SH SOLE
BON-TON STORES INC COM 09776j101 1172 568000 SH SOLE
BORGWARNER INC COM 099724106 13257 400225 SH SOLE
BOWNE & CO INC COM 103043105 3096 317500 SH SOLE
BP AMOCO PLC ADR COM 055622104 3502 66070 SH SOLE
140 2646 SH
OTHER
BRADY CORP CLASS A COM 104674106 3869 127900 SH SOLE
BRISTOL MYERS SQUIBB COM 110122108 274 4800 SH SOLE
BRITISH AMERICAN TOBACCO ADR COM 110448107 256 19565 SH SOLE
BURLINGTON COAT FACTORY COM 121579106 6912 482900 SH SOLE
BURLINGTON NORTHERN SANTA FE COM 12189T104 1093 50685 SH SOLE
BUSH INDUSTRIES INC COM 123164105 5751 497400 SH SOLE
C&D TECHNOLOGIES INC COM 124661109 13847 244000 SH SOLE
CAMBREX CORP COM 132011107 14208 384000 SH SOLE
CAMDEN PROPERITES COM 133131102 7874 254000 SH SOLE
CARPENTER TECHNOLOGY COM 144285103 7296 250500 SH SOLE
CBL & ASSOCIATES COM 124830100 7970 318000 SH SOLE
CENTEX CONSTRUCTION PRODS COM 15231r109 10074 406000 SH SOLE
CENTEX CORP COM 152312104 4043 125850 SH SOLE
CHASE MANHATTAN COM 16161A108 6060 131210 SH SOLE
CHEVRON CORPORATION COM 166751107 295 3460 SH SOLE
CHITTENDEN CORP COM 170228100 10339 402500 SH SOLE
CHUBB CORP COM 171232101 3137 39650 SH SOLE
CINCINNATI FINANCIAL CORP COM 172062101 211 5952 SH
OTHER
CITIGROUP COM 172967101 6417 118698 SH SOLE
CLARCOR INC COM 179895107 11319 580450 SH SOLE
CMI CORP CL A COM 125761304 622 398300 SH SOLE
COCA COLA CO COM 191216100 1326 24046 SH SOLE
COHU INC COM 192576106 3063 200000 SH SOLE
COLONIAL BANCGROUP INC COM 195493309 14308 1379100 SH SOLE
COMERICA INC COM 200340107 5438 93050 SH SOLE
COMPAQ COMPUTER CORP COM 204493100 3445 124916 SH SOLE
COMPLETE BUSINESS SOLUTIONS IN COM 20452f107 3942 292000 SH SOLE
COMPUWARE CORP COM 205638109 850 101500 SH SOLE
CONAGRA INC COM 205887102 8339 415657 SH SOLE
CONSOLIDATED EDISON INC COM 209115104 345 10100 SH SOLE
CONSOLIDATED STORES CORP COM 210149100 2393 177225 SH SOLE
CONSTELLATION ENERGY COM 210371100 677 13600 SH SOLE
COORSTEK, INC COM 217020106 9138 238900 SH SOLE
CORNING INC COM 219350105 416 1400 SH SOLE
CORPORATE OFFICE PROPERTIES TR COM 22002t108 2236 225000 SH SOLE
COVANCE INC COM 222816100 5936 725000 SH SOLE
CP&L ENERGY INC COM 12614c106 375 9000 SH SOLE
CVB FINANCIAL CORP COM 126600105 2628 156300 SH SOLE
DAIMLER CHRYSLER COM D1668R123 715 16109 SH SOLE
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 208 13746 SH SOLE
DELTA AIR LINES COM 247361108 220 4950 SH SOLE
DENTSPLY INT'L INC COM 249030107 24372 697600 SH SOLE
DIEBOLD INC COM 253651103 11103 418000 SH SOLE
DONNELLY (R.R.& SONS) & CO COM 257867101 1953 79525 SH SOLE
DONNELLY CORP CL A COM 257870105 6843 449000 SH SOLE
DONNELLY RH CORP COM 74955w307 17534 830000 SH SOLE
DOW CHEM CO COM 260543103 517 20730 SH SOLE
112 4500 SH
OTHER
DPL INC COM 233293109 502 16875 SH SOLE
DU PONT E I DE NEMOURS COM 263534109 1001 24155 SH SOLE
DUKE ENERGY CORP COM 264399106 982 11450 SH SOLE
DURA AUTOMOTIVE SYSTEMS INC COM 265903104 654 70820 SH SOLE
EARTHGRAINS CO. COM 270319106 8620 467500 SH SOLE
EDISON INTL COM 281020107 1268 65650 SH SOLE
EL PASO ENERGY CORP. COM 283905107 225 3656 SH
OTHER
EQUITABLE RESOURCES INC COM 294549100 23264 367079 SH SOLE
428 6750 SH
OTHER
EQUITY ONE INC COM 294752100 1959 190000 SH SOLE
EXXON-MOBIL COM 30231G102 5989 67202 SH SOLE
F M C CORP COM 302491303 1247 18600 SH SOLE
FEDERAL HOME LN MTG CP COM 313400301 425 7860 SH SOLE
FEDERAL NATL MTG ASSN COM 313586109 690 9656 SH SOLE
FIBERMARK INC COM 315646109 6097 598500 SH SOLE
FINLAY ENTERPRISES INC COM 317884203 7840 560000 SH SOLE
FIRST HEALTH GROUP COM 320960107 1990 61700 SH SOLE
FIRST INDUSTRIAL RLTY COM 32054k103 8764 285000 SH SOLE
FIRST UNION CORP COM 337358105 6194 192441 SH SOLE
FORD MTR CO COM 345370860 6212 245395 SH SOLE
FORT JAMES COM 347471104 3914 128075 SH SOLE
FTI CONSULTING INC COM 302941109 3079 391000 SH SOLE
FURNITURE BRANDS INT'L INC COM 360921100 1430 86000 SH SOLE
FYI INC COM 302712104 5756 154000 SH SOLE
GABLES RESIDENTIAL COM 362418105 11144 409900 SH SOLE
GARDEN FRESH RESTAURANT CORP COM 365235100 2162 185000 SH SOLE
GENCORP INC COM 368682100 3062 376850 SH SOLE
GENERAL ELECTRIC CO COM 369604103 4532 78563 SH SOLE
GENERAL MOTORS CLASS H (HUGHES COM 370442832 327 8790 SH SOLE
GENERAL MOTORS CORP COM 370442105 1100 16919 SH SOLE
GEORGIA GULF CORP COM 373200203 3806 332800 SH SOLE
GRANITE CONSTRUCTION INC COM 387328107 21098 870000 SH SOLE
GRIFFON CORP COM 398433102 8916 1179000 SH SOLE
GUEST SUPPLY INC COM 401630108 7873 427000 SH SOLE
HARMAN INT'L COM 413086109 9572 244800 SH SOLE
HEALTHCARE RLTY TR COM 421946104 3169 150000 SH SOLE
HEARTLAND EXPRESS INC COM 422347104 4474 257500 SH SOLE
HEICO CORPORATION COM 422806208 2317 182600 SH SOLE
HEWLETT PACKARD CO COM 428236103 5654 58285 SH SOLE
HUGHES SUPPLY INC. COM 444482103 12796 652200 SH SOLE
IBP INC COM 449223106 340 18575 SH SOLE
IDEX CORP COM 45167r104 2823 101035 SH SOLE
INTEL CORP COM 458140100 1493 35924 SH SOLE
INTERMET CORP COM 45881k104 2991 412500 SH SOLE
INTERNATIONAL BUS MACH COM 459200101 9334 82972 SH SOLE
270 2400 SH
OTHER
INTL PAPER CO COM 460146103 263 9164 SH SOLE
92 3200 SH
OTHER
JAKKS PACIFIC INC COM 47012e106 7083 753000 SH SOLE
JEFFERSON PILOT CORP COM 475070108 243 3582 SH SOLE
JOHNSON & JOHNSON COM 478160104 235 2500 SH SOLE
K MART CORP COM 482584109 88 14710 SH SOLE
KENNAMETAL INC COM 489170100 814 31600 SH SOLE
KINDER MORGAN INC COM 49455P101 13556 331127 SH SOLE
230 5625 SH
OTHER
KONINKLIJKE PHILIPS ELECTRONIC COM 500472303 17323 407606 SH SOLE
LANCASTER COLONY CORP COM 513847103 4373 178050 SH SOLE
LANDAMERICA FINANCIAL GROUP IN COM 514936103 5912 207000 SH SOLE
LASALLE HOTEL PROPERTIES COM 517942108 5672 375000 SH SOLE
LEAR CORP COM 521865105 4481 217900 SH SOLE
LIBERTY PPTY TR SH BEN INT COM 531172104 11472 417150 SH SOLE
LINCOLN NATL CORP COM 534187109 86 1785 SH SOLE
289 6000 SH
OTHER
LIZ CLAIBORNE COM 539320101 4847 125885 SH SOLE
LOCKHEED MARTIN CORP COM 539830109 1161 35214 SH SOLE
LUCENT TECHNOLOGIES COM 549463107 945 30927 SH SOLE
79 2592 SH
OTHER
M D C HLDGS INC COM 552676108 25402 977000 SH SOLE
MACK-CALI REALTY CORP COM 554489104 5398 191500 SH SOLE
MARTIN MARIETTA MATERIALS COM 573284106 11109 290200 SH SOLE
MATTEL INC COM 577081102 1432 127985 SH SOLE
MEAD CORP COM 582834107 1498 64075 SH SOLE
MEDALLION FINANCIAL COM 583928106 10573 628900 SH SOLE
MEDICAL ASSURANCE INC COM 58449U100 3452 281821 SH SOLE
MERCANTILE BANKSHARES COM 587405101 1182 32575 SH SOLE
MERCK & CO INC COM 589331107 1160 15586 SH SOLE
MERIDIAN RESOURCE CORP COM 58977q109 6806 990000 SH SOLE
MID-ATLANTIC RLTY TR SH BEN IN COM 595232109 275 23300 SH SOLE
MIDCOAST ENERGY RESOURCES COM 59563w104 7505 365000 SH SOLE
MILACRON INC COM 598709103 10432 783650 SH SOLE
MILLS CORP COM 601148109 7253 383000 SH SOLE
MINERALS TECHNOLOGIES INC COM 603158106 25149 546725 SH SOLE
MINNESOTA MNG & MFG CO COM 604059105 3709 40700 SH SOLE
MOHAWK INDUSTRIES INC COM 608190104 5386 246900 SH SOLE
MORGAN STAN DEAN WITTR CO COM 617446448 15405 168475 SH SOLE
MOTOROLA INC COM 620076109 229 8100 SH SOLE
NATIONAL CITY CORP COM 635405103 1177 53211 SH SOLE
133 6000 SH
OTHER
NEWELL RUBBERMAID CO COM 651229106 2238 98122 SH SOLE
NEWPARK RESOURCES INC COM 651718504 8630 933000 SH SOLE
NOKIA CORP SPONSORED ADR COM 654902204 13151 330327 SH SOLE
NORFOLK SOUTHERN CORP COM 655844108 358 24510 SH SOLE
118 8100 SH
OTHER
NORTHWEST PIPE CO COM 667746101 4039 359000 SH SOLE
NOVA CORPORATION COM 669784100 11277 658500 SH SOLE
NUI CORP COM 629430109 8875 294000 SH SOLE
OCEANEERING INTL INC COM 675232102 12512 752600 SH SOLE
OFFSHORE LOGISTICS INC COM 676255102 4290 240000 SH SOLE
OMNICARE INC COM 681904108 14271 885000 SH SOLE
OMNOVA SOLUTIONS INC COM 682129101 1807 324850 SH SOLE
PACIFIC GULF PPTYS INC COM 694396102 2295 85800 SH SOLE
PAN PACIFIC RETAIL PPTYS INC COM 69806l104 4032 201600 SH SOLE
PAPA JOHNS INTERNATIONAL INC COM 698813102 10326 412000 SH SOLE
PARKER HANNIFIN CORP COM 701094104 2957 87625 SH SOLE
152 4500 SH
OTHER
PENN VA CORP COM 707882106 12636 486000 SH SOLE
PFIZER INC COM 717081103 1897 42214 SH SOLE
PHARMACIA CORPORATION COM 71713U102 448 7450 SH SOLE
482 8000 SH
OTHER
PHILIP MORRIS COS INC COM 718154107 29 995 SH SOLE
477 16200 SH
OTHER
PINNACLE WEST CAPITAL CORP COM 723484101 7046 138500 SH SOLE
PIONEER STD ELECTRS COM 723877106 12308 907500 SH SOLE
PITNEY BOWES INC COM 724479100 569 14440 SH SOLE
316 8000 SH
OTHER
PNC FINANCIAL SERVICES GROUP COM 693475105 5535 85150 SH SOLE
POLYONE CORP COM 73179p106 7225 988000 SH SOLE
POTLATCH CORP COM 737628107 300 9500 SH SOLE
PPG INDS INC COM 693506107 254 6400 SH SOLE
159 4000 SH
OTHER
PRENTISS PROPERTIES TRUST COM 740706106 4614 176600 SH SOLE
PROCTER & GAMBLE CO COM 742718109 679 10132 SH SOLE
PROSPERITY BANCSHARES INC COM 743606105 4759 259000 SH SOLE
PROTECTIVE LIFE CORP COM 743674103 247 8280 SH SOLE
PROVIDIAN FINL CORP COM 74406a102 5766 45398 SH SOLE
PUBLIC SVC ENTERPRISE COM 744573106 201 4500 SH SOLE
PXRE GROUP LTD COM 693674103 4528 287500 SH SOLE
QUAKER CHEMICAL COM 747316107 7820 460000 SH SOLE
QUANEX CORP COM 747620102 9036 474000 SH SOLE
QUESTAR CORP COM 748356102 15261 548700 SH SOLE
QUIXOTE CORP COM 749056107 8886 530500 SH SOLE
QWEST COMMUNICATIONS INTL COM 749121109 332 6917 SH SOLE
102 2130 SH
OTHER
RADIAN GROUP INC. COM 750236101 21074 312200 SH SOLE
RAYTHEON CO CLASS B COM 755111408 595 20934 SH SOLE
RECKSON ASSOCIATES REALTY CORP COM 75621K106 10608 416000 SH SOLE
REPUBLIC SECURITY FINANCIAL CO COM 760758102 6266 1269000 SH SOLE
REX STORES CORP COM 761624105 7359 375000 SH SOLE
REYNOLDS & REYNOLDS COM 761695105 6205 312200 SH SOLE
RIGHT MANAGEMENT CONSULTANTS I COM 766573109 3456 300500 SH SOLE
ROHM & HAAS CO COM 775371107 209 7200 SH SOLE
ROLLINS TRUCK LEASING COM 775741101 5662 897000 SH SOLE
ROUSE CO COM 779273101 576 23111 SH SOLE
ROYAL DUTCH PETE CO NY REG GLD COM 780257804 876 14610 SH SOLE
RUDDICK CORP COM 781258108 8353 602000 SH SOLE
RYLAND GROUP COM 783764103 13175 425000 SH SOLE
SAKS INC COM 79377w108 4593 465125 SH SOLE
SARA LEE CORP COM 803111103 4572 225075 SH SOLE
SCHULMAN A INC COM 808194104 3740 340000 SH SOLE
SEAGATE TECHNOLOGY COM 811804103 5766 83566 SH SOLE
SEITEL INC COM 816074306 4561 317300 SH SOLE
SHOPKO STORES INC COM 824911101 12346 1190000 SH SOLE
SHURGARD STORAGE CTRS COM 82567d104 9251 410000 SH SOLE
SIMPSON MFG CO INC COM 829073105 4469 100000 SH SOLE
SOUTHDOWN INC COM 841297104 17278 242500 SH SOLE
SOVEREIGN BANCORP COM 845905108 11470 1240000 SH SOLE
SPACEHAB INC COM 846243103 3331 570000 SH SOLE
SPACELABS MEDICAL INC COM 846247104 2056 208200 SH SOLE
ST PAUL COS INC COM 792860108 364 7386 SH SOLE
STANLEY FURNITURE INC COM 854305208 9118 376000 SH SOLE
STANLEY WORKS COM 854616109 2974 128950 SH SOLE
STARCRAFT CORP COM 855269106 497 142000 SH SOLE
STATEN ISLAND BANCORP INC COM 857550107 4470 223500 SH SOLE
STRIDE RITE COM 863314100 1772 350000 SH SOLE
SUN BANCORP COM 86663b102 3045 304500 SH SOLE
SUPERIOR FINANCIAL CORP COM 868161100 4400 400000 SH SOLE
SYLVAN INC COM 871371100 3730 385000 SH SOLE
TECHNITROL INC COM 878555101 7424 73500 SH SOLE
TELEFLEX INC COM 879369106 17829 518675 SH SOLE
TEXACO INC COM 881694103 1825 34753 SH SOLE
TEXAS INSTRS INC COM 882508104 1194 25310 SH SOLE
THOMAS & BETTS CORP COM 884315102 2507 143790 SH SOLE
TJX COS INC COM 872540109 14726 654487 SH SOLE
TORCHMARK CORP COM 891027104 526 18900 SH SOLE
TORO CO COM 891092108 18412 584500 SH SOLE
TOTAL FINA ELF SA COM 89151e109 1358 18493 SH SOLE
TRAMMELL CROW CO COM 89288r106 15675 1045000 SH SOLE
TRANSACTION SYSTEMS ARCHITECTS COM 893416107 9872 607500 SH SOLE
TRENWICK GROUP LTD COM G9032C109 6365 335000 SH SOLE
TRIAD GUARANTY INC COM 895925105 1717 57700 SH SOLE
TROPICAL SPORTSWEAR INTL CORP COM 89708p102 5440 320000 SH SOLE
TRW INC COM 872649108 581 14300 SH SOLE
TYCO INTL LTD COM 902124106 9981 192398 SH SOLE
UCBH HOLDINGS INC COM 90262t308 10923 305000 SH SOLE
UNITED TECHNOLOGIES CP COM 913017109 450 6500 SH SOLE
UNITEL VIDEO INC COM 913253100 0 150000 SH SOLE
US ONCOLOGY INC COM 90338w103 3615 797700 SH SOLE
UST INC COM 902911106 1972 86225 SH SOLE
V F CORP COM 918204108 4135 167500 SH SOLE
VARCO INTERNATIONAL INC COM 922122106 4267 205000 SH SOLE
VERIZON COMMUNICATIONS COM 92343v104 658 13577 SH SOLE
116 2400 SH
OTHER
VISTEON CORP COM 92839u107 278 18348 SH SOLE
VODAFONE GROUP PLC COM 92857w100 363 9810 SH SOLE
WABASH NATIONAL CORP COM 929566107 5201 570000 SH SOLE
WAL MART STORES INC COM 931142103 270 5600 SH SOLE
WAUSAU-MOSINEE PAPER COM 943315101 2354 303700 SH SOLE
WEBB DELL CORP COM 947423109 13808 497600 SH SOLE
WELLPOINT HEALTH NETWORKS COM 94973h108 2074 21600 SH SOLE
WELLS FARGO & CO COM 949746101 1524 33180 SH SOLE
WEST COAST BANCORP OREGON COM 952145100 8786 736000 SH SOLE
WILLAMETTE INDS INC COM 969133107 893 31900 SH SOLE
WILLIAMS CLAYTON ENRGY COM 969490101 10024 247500 SH SOLE
WOODHEAD INDS INC COM 979438108 8117 390000 SH SOLE
WORLDCOM INC COM 98157d106 3107 102283 SH SOLE
WSFS FINANCIAL CORP COM 929328102 4102 375000 SH SOLE
WESTERN MASS ELEC CO PFD B 7.7 PRD 958587206 285 3000 SH SOLE
BELCO OIL & GAS $1.625 CONV PF CNV 077410207 2208 146000 SH SOLE
SPACEHAB INC 846243ac7 2719 3750000 PRN SOLE
MAPLE LTD PARTNERSHIP 565108107 0 25000.000SH SOLE
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