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 [ ]; Amendment Number:
This Amendment (check only one.): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment manager Filing this Report:
Name: Investment Research Company
Address: 16236 San Dieguito Road #2-20
P.O. Box 9210
Rancho Santa Fe, CA 92067
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: Angela Figg
Title: Senior Vice President
Phone: 619-759-3767
Signature, Place, and Date of Signing:
Angela Figg Rancho Santa Fe, CA 18-May-99
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:435
Form 13F Information Table Value Total:$1,132,826,000
<PAGE>
Form 13F INFORMATION TABLE
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Value Shares/ Sh/ Put/InvstmtOther Voting
Name of Issuer Title of cCUSIP (x$1000) Prn Amt Prn CallDscretnManagersSole Shared None
- -------------------------------------- -------- ----------- -------------------------------------------
A T & T COM 001957109 2196 27510 SH Sole 027510 0 0
AFLAC Inc. COM 00105510 1818 33400 SH Sole 033400 0 0
AK Steel Holding CoCOM 001547108 1072 47500 SH Sole 024600 0 22900
AMP Inc. COM 03189710 209 3900 SH Sole 03900 0 0
AMR Corp. COM 00176510 269 4600 SH Sole 04400 0 200
Abbott Labs COM 00282410 16417 350700 SH Sole 0346100 0 4600
Acclaim EntertainmeCOM 004325205 526 58800 SH Sole 00 0 58800
Adobe Sys Inc. COM 00724F10 1050 18500 SH Sole 015500 0 3000
Adolph Coors COM 21701610 10476 194000 SH Sole 0185200 0 8800
Air Products & ChemCOM 00915810 712 20800 SH Sole 020800 0 0
Air Touch Comm. COM 00949T100 4899 50700 SH Sole 050000 0 700
Airborne Fght COM 00926610 732 23600 SH Sole 017000 0 6600
Alaska Air Group COM 01165910 1083 22800 SH Sole 014300 0 8500
Albany Intl COM 01234810 431 23001 SH Sole 01401 0 21600
Albertson's COM 01310410 1279 23500 SH Sole 022900 0 600
Alcoa Inc. COM 013817101 307 7452 SH Sole 07452 0 0
Allergan Inc. COM 01849010 694 7900 SH Sole 06200 0 1700
Allstate COM 020002101 16850 454642 SH Sole 0447542 0 7100
Altera Corp. COM 02144110 892 15000 SH Sole 013500 0 1500
Amazon.com Inc. COM 023135106 654 3800 SH Sole 00 0 3800
Ambac Financial GroCOM 023139108 297 5500 SH Sole 05500 0 0
America Online COM 02364J104 15045 102350 SH Sole 098900 0 3450
American Express COM 02581610 907 7700 SH Sole 07700 0 0
American General COM 02635110 2503 35500 SH Sole 034800 0 700
American Home ProduCOM 02660910 1997 30600 SH Sole 029100 0 1500
American Intl. GrouCOM 02687410 3982 33011 SH Sole 033011 0 0
American Mgmt SysteCOM 027352103 440 12900 SH Sole 012900 0 0
American Power COM 02906610 246 9100 SH Sole 07200 0 1900
American Standard COM 029712106 1072 31200 SH Sole 015100 0 16100
Amerisource Health COM 03071P102 397 11600 SH Sole 00 0 11600
Ameritech COM 03095410 11076 192200 SH Sole 0190200 0 2000
Ames Department StoCOM 030789507 368 9900 SH Sole 00 0 9900
Amgen Com COM 03116210 11344 151500 SH Sole 0148800 0 2700
Amtran Inc. COM 03234G10 306 16100 SH Sole 00 0 16100
Anheuser - Busch COM 03522910 6714 88200 SH Sole 087600 0 600
Apple Computer COM 03783310 13861 385700 SH Sole 0365500 0 20200
Applied Materials COM 038222105 2023 32800 SH Sole 032400 0 400
Applied Micro CircuCOM 03822W10 265 6200 SH Sole 00 0 6200
Armco Inc. COM 04217010 415 93600 SH Sole 093600 0 0
Arvin Industries COM 04333910 943 28000 SH Sole 023600 0 4400
Ashland Inc. COM 044204105 2665 65100 SH Sole 065100 0 0
Automatic Data ProcCOM 05301510 299 7224 SH Sole 06400 0 824
Avery Dennison COM 05361110 592 10300 SH Sole 010200 0 100
Avis Rent a Car IncCOM 05379010 310 11200 SH Sole 00 0 11200
BB&T Corporation COM 054937107 474 13100 SH Sole 012700 0 400
BEC Energy COM 05538M101 202 5500 SH Sole 00 0 5500
BJ's Wholesale COM 05548J106 824 31300 SH Sole 031300 0 0
BMC Software COM 05592110 967 26100 SH Sole 025800 0 300
Ball Corp. COM 05849810 803 17100 SH Sole 010000 0 7100
Banc One Corp. COM 06423A103 7184 130475 SH Sole 0128774 0 1701
Bank New York COM 06405710 2925 81400 SH Sole 080500 0 900
Bank of America CorCOM 06605F102 4239 60019 SH Sole 058096 0 1923
Bank of Boston COM 06605R10 1035 23900 SH Sole 023300 0 600
Bear Stearns Cos. COM 07390210 402 9001 SH Sole 08901 0 100
Becton, Dickinson COM 07588710 448 11700 SH Sole 011000 0 700
Bed Bath & Beyond COM 075896100 318 8700 SH Sole 08700 0 0
Bell Atlantic COM 07785310 925 17900 SH Sole 017900 0 0
BellSouth COM 07986010 7319 182700 SH Sole 0182000 0 700
Bergen Brunswig COM 08373910 1268 63400 SH Sole 043000 0 20400
Best Buy COM 086516101 6729 129400 SH Sole 0124600 0 4800
Bindley Western IndCOM 09032410 583 20400 SH Sole 00 0 20400
Biogen Inc. COM 09059710 1132 9900 SH Sole 08200 0 1700
Block H & R COM 09367110 677 14300 SH Sole 014300 0 0
Boise Cascade OfficCOM 09740310 127 11400 SH Sole 00 0 11400
Borg-Warner AutomotCOM 09972410 220 4600 SH Sole 01800 0 2800
Briggs & Stratton COM 109043109 365 7400 SH Sole 02900 0 4500
Brightpoint Inc. COM 10947310 65 11000 SH Sole 00 0 11000
Brinker Intl COM 10964110 573 22100 SH Sole 017800 0 4300
Bristol - Myers COM 11012210 19193 299300 SH Sole 0299300 0 0
Brown Forman Class COM 11563720 415 7200 SH Sole 07200 0 0
Browning Ferris COM 115885105 243 6300 SH Sole 06300 0 0
Buffets Inc. COM 11988210 766 77600 SH Sole 070500 0 7100
Burlington NorthernCOM 12189T104 1065 32400 SH Sole 032400 0 0
C.I.T. Group Inc. COM 125577106 235 7700 SH Sole 07700 0 0
CBS Corp COM 12490K10 2555 62600 SH Sole 061800 0 800
CHS Electronics IncCOM 12542A20 88 27700 SH Sole 00 0 27700
CMG Informations SeCOM 12575010 201 1100 SH Sole 00 0 1100
CMS Energy COM 12589610 366 9100 SH Sole 09100 0 0
CVS Corporation COM 126650100 1933 40700 SH Sole 040200 0 500
Calpine CorporationCOM 13134710 572 15700 SH Sole 00 0 15700
Capital One FinanciCOM 14040H105 1027 6800 SH Sole 06700 0 100
Cardinal Health COM 14149Y108 1563 23676 SH Sole 022680 0 996
Carnival CorporatioCOM 143658102 3011 62000 SH Sole 061300 0 700
Caterpillar Inc. COM 149123101 657 14300 SH Sole 013900 0 400
Centex Corp. COM 15231210 1492 44700 SH Sole 035700 0 9000
Central & SouthwestCOM 152357109 562 24000 SH Sole 024000 0 0
Century CommunicatiCOM 156503104 599 12900 SH Sole 00 0 12900
Century Tel EnterprCOM 15668610 1538 21900 SH Sole 021800 0 100
Charter One FinanciCOM 160903100 511 17710 SH Sole 017710 0 0
Chase Manhattan COM 16161A108 12841 157800 SH Sole 0155300 0 2500
Chicago Title CorpoCOM 16822810 222 6100 SH Sole 00 0 6100
Cifra Adr-C COM 17178520 15 10000 SH Sole 010000 0 0
Cigna Corp. COM 12550910 10007 119400 SH Sole 0116400 0 3000
Cintas Corp. COM 172908105 745 11400 SH Sole 011400 0 0
Circuit City StoresCOM 17273710 575 7500 SH Sole 07400 0 100
Cirrus Logic Inc. COM 17275510 276 43300 SH Sole 043300 0 0
Cisco Systems COM 17275R10 15593 142325 SH Sole 0140525 0 1800
Citrix Systems COM 177376100 343 9000 SH Sole 06800 0 2200
City National Corp.COM 178566105 519 16800 SH Sole 07500 0 9300
Clayton Homes COM 18419010 124 11200 SH Sole 011200 0 0
Clorox Co. COM 18905410 773 6600 SH Sole 06500 0 100
Coca Cola EnterprisCOM 19121910 620 20500 SH Sole 020000 0 500
Colgate - PalmoliveCOM 19416210 1095 11900 SH Sole 011900 0 0
Colonial Bancgroup COM 195493309 320 26700 SH Sole 026700 0 0
Columbia Energy GroCOM 19764810 248 4750 SH Sole 04750 0 0
Comair Holdings IncCOM 199789108 230 9750 SH Sole 07500 0 2250
Comcast Cp A COM 200300200 4626 73500 SH Sole 071900 0 1600
Comdisco Inc. COM 200336105 3749 209750 SH Sole 0185450 0 24300
Compaq Computer COM 20449310 5213 164500 SH Sole 0162500 0 2000
Computer Assoc COM 20491210 590 16600 SH Sole 016600 0 0
Compuware Corp. COM 205638109 1072 44900 SH Sole 044500 0 400
ConAgra Inc. COM 20588710 12382 483200 SH Sole 0481300 0 1900
Conoco Inc. COM 208251306 2682 109200 SH Sole 0109200 0 0
Conseco COM 208464107 596 19300 SH Sole 018000 0 1300
Consolidated EdisonCOM 209115104 2515 55500 SH Sole 055500 0 0
Consolidated FreighCOM 20923210 139 11800 SH Sole 00 0 11800
Continental AirlineCOM 210795308 1007 26500 SH Sole 020500 0 6000
Converse TechnologyCOM 205862402 816 9600 SH Sole 09100 0 500
Cordant TechnologieCOM 218412104 243 6100 SH Sole 06100 0 0
Corning Inc. COM 219350105 1224 20400 SH Sole 020100 0 300
Costco COM 22160Q102 2124 23200 SH Sole 022900 0 300
Countrywide Credit COM 222372104 375 10000 SH Sole 09900 0 100
Crompton & Knowles COM 227111101 323 20500 SH Sole 020500 0 0
Cummins Engine COM 23102110 793 22300 SH Sole 022300 0 0
Cyprus Minerals COM 232809103 1097 90500 SH Sole 090500 0 0
D R Horton COM 23331A10 429 25600 SH Sole 00 0 25600
DPL Inc. COM 233293109 224 13600 SH Sole 012200 0 1400
DaimlerChrysler AG COM D1668R123 265 3083 SH Sole 03083 0 0
Darden Restaurants COM 237194105 1867 90500 SH Sole 065700 0 24800
Dayton Hudson COM 23975310 13052 195900 SH Sole 0194900 0 1000
DeVry COM 251893103 255 8800 SH Sole 08800 0 0
Dell Computer Corp.COM 24702510 10738 262700 SH Sole 0257900 0 4800
Delta Air Lines COM 24736110 17618 253500 SH Sole 0250900 0 2600
Detroit Edison COM 233331107 3079 80100 SH Sole 079700 0 400
Dexter Corp. COM 25216510 498 15800 SH Sole 015800 0 0
Dime Bancorp Inc. COM 25429Q102 383 16500 SH Sole 01500 0 15000
Dollar Thrifty COM 25674310 278 16100 SH Sole 00 0 16100
Donnelley (R.R.) & COM 25786710 280 8700 SH Sole 08700 0 0
Dow Chemical COM 26054310 15003 161000 SH Sole 0158300 0 2700
Dycom Industries COM 26747510 365 8400 SH Sole 00 0 8400
Dynegy COM 26816L102 411 29200 SH Sole 029200 0 0
E M C Corp. COM 268648102 6924 54200 SH Sole 052800 0 1400
E* Trade Group COM 269246104 676 11600 SH Sole 08900 0 2700
Eastman Kodak COM 27746110 728 11400 SH Sole 010600 0 800
El Paso Natural GasCOM 283905107 418 12800 SH Sole 012800 0 0
Electronic Arts COM 285512109 437 9200 SH Sole 09200 0 0
Energy East Corp. COM 29266M109 515 9800 SH Sole 08200 0 1600
Engelhard Corp. COM 29284510 307 18100 SH Sole 018100 0 0
Entergy Corp. COM 29364G103 1631 59300 SH Sole 058800 0 500
Ethyl Corp. COM 29765910 789 185600 SH Sole 0185600 0 0
Everest ReinsuranceCOM 299808105 452 14500 SH Sole 05900 0 8600
Exxon Mobile Corp. COM 30229010 18240 258500 SH Sole 0255600 0 2900
FMC Corp. COM 302491303 2207 44700 SH Sole 044700 0 0
Family Dollar StoreCOM 307000109 432 18800 SH Sole 018800 0 0
Fannie Mae COM 31358610 9515 137400 SH Sole 0135500 0 1900
Federal Home Loan COM 31340030 3725 65000 SH Sole 064200 0 800
Ferro Corp. COM 31540510 471 19050 SH Sole 012750 0 6300
Fidelity National FCOM 31632610 218 14540 SH Sole 00 0 14540
Fifth Third BancorpCOM 31677310 323 4900 SH Sole 04900 0 0
Finova Group Inc COM 317928109 244 4700 SH Sole 04200 0 500
First American FinaCOM 318522307 1744 110300 SH Sole 093500 0 16800
First Security CorpCOM 33629410 334 17300 SH Sole 017300 0 0
First Tennessee NatCOM 33716210 498 13600 SH Sole 013600 0 0
First Union Corp. COM 33735810 5841 109310 SH Sole 0108110 0 1200
Firstar Corp. COM 33763V109 913 10200 SH Sole 09900 0 300
Fleet Boston Corp. COM 33891510 14640 389100 SH Sole 0386500 0 2600
Foodmaker Inc. COM 34483920 571 22400 SH Sole 00 0 22400
Ford Motor COM 34537010 23384 412500 SH Sole 0407000 0 5500
Fortune Brands COM 349631101 1321 34300 SH Sole 034300 0 0
Freeport-McMoran CoCOM 35671D857 151 13900 SH Sole 013900 0 0
GTE Corp. COM 36232010 7938 131200 SH Sole 0129400 0 1800
Gap (The) COM 36476010 15603 231800 SH Sole 0229000 0 2800
Gencorp COM 36868210 626 34800 SH Sole 023200 0 11600
General Dynamics COM 36955010 1156 18000 SH Sole 017800 0 200
General Electric COM 36960410 16527 149400 SH Sole 0147300 0 2100
General Instr Corp.COM 370120107 524 17300 SH Sole 017300 0 0
General Motors COM 37044210 11841 136100 SH Sole 0135200 0 900
General Pub Utils COM 36225X100 489 13100 SH Sole 012900 0 200
Georgia - Pacific COM 37329810 1270 17100 SH Sole 017000 0 100
Golden West Fin'l. COM 38131710 1356 14200 SH Sole 014100 0 100
Goodrich (B.F.) COM 382388106 614 17900 SH Sole 017800 0 100
Grace (W.R.) & Co. COM 38388F108 891 73500 SH Sole 067200 0 6300
Guidant Corp COM 401698105 2595 42900 SH Sole 042500 0 400
Handleman Co COM 410252100 150 11200 SH Sole 00 0 11200
Harley Davidson IncCOM 41282210 1027 17900 SH Sole 017900 0 0
Harte-Hanks CommuniCOM 416196103 214 7800 SH Sole 07800 0 0
Hartford Financial COM 416515104 3017 53100 SH Sole 053100 0 0
Hartford Life Cl A COM 416592103 1177 21400 SH Sole 021400 0 0
Hasbro Inc. COM 418056107 324 11200 SH Sole 011200 0 0
Hertz Corp - A COM 428040109 1193 22300 SH Sole 022300 0 0
Hewlett - Packard COM 42823610 6856 101100 SH Sole 099900 0 1200
Hibernia Corp. COM 428656102 476 36100 SH Sole 09400 0 26700
Hillenbrand IndustrCOM 431573104 323 7000 SH Sole 07000 0 0
Hollinger InternatiCOM 43556910 850 62700 SH Sole 023700 0 39000
Hollywood EntertainCOM 43614110 196 10500 SH Sole 05800 0 4700
Home Depot COM 43707610 9960 160004 SH Sole 0158204 0 1800
Hormel Foods COM 440452100 296 8300 SH Sole 08300 0 0
Howmet InternationaCOM 443208103 315 22000 SH Sole 022000 0 0
Huntington Banc COM 446150104 254 8200 SH Sole 08200 0 0
IBP Inc. COM 44922310 3468 186200 SH Sole 0161700 0 24500
IMC Fertilizer GrouCOM 449669100 284 13900 SH Sole 013900 0 0
IMS Health Inc COM 449934108 391 11800 SH Sole 011800 0 0
Ikon COM 451713101 164 12800 SH Sole 012500 0 300
Illinois Tool WorksCOM 45230810 285 4600 SH Sole 04600 0 0
Immunex COM 452528102 300 3600 SH Sole 02600 0 1000
Informix COM 456779107 273 37000 SH Sole 012500 0 24500
Ingersoll - Rand COM 45686610 1861 37500 SH Sole 035500 0 2000
Int'l Business MachCOM 45920010 25063 141400 SH Sole 0139900 0 1500
Integrated Device TCOM 458118106 182 33600 SH Sole 033600 0 0
Intel Corp. COM 45814010 24191 203500 SH Sole 0200800 0 2700
International MultiCOM 460043102 536 23000 SH Sole 023000 0 0
International NetwoCOM 460053101 3280 46900 SH Sole 044200 0 2700
Intuit Inc. COM 461202103 580 5700 SH Sole 05700 0 0
J.P. Morgan & Co. COM 616880100 2171 17600 SH Sole 017400 0 200
Johnson & Johnson COM 47816010 7358 78700 SH Sole 076400 0 2300
Johnson Controls COM 47836610 1117 17900 SH Sole 017700 0 200
Jones Apparel GroupCOM 480074103 226 8100 SH Sole 08100 0 0
K Mart COM 48258410 8267 491700 SH Sole 0489600 0 2100
KLA-Tencor COM 482480100 442 9100 SH Sole 07000 0 2100
Kaman Corp. Cl A COM 483548103 178 13900 SH Sole 00 0 13900
Kaufman & Broad HomCOM 48616810 438 19400 SH Sole 04000 0 15400
Kelly Services COM 48815220 1926 69400 SH Sole 060700 0 8700
KeyCorp COM 493267108 5811 191700 SH Sole 0191700 0 0
Kimberly - Clark COM 49436810 580 12100 SH Sole 012100 0 0
King World ProductiCOM 495667107 1965 64300 SH Sole 064300 0 0
Kohls Corp. COM 500255104 1233 17400 SH Sole 017200 0 200
Kroger Co. COM 501044101 479 8000 SH Sole 08000 0 0
Landstar Sys. Inc. COM 51509810 384 11600 SH Sole 00 0 11600
Lear Corporation COM 521865105 461 10800 SH Sole 010800 0 0
Legato Systems Inc COM 52465110 382 7400 SH Sole 06900 0 500
Lehman Brothers COM 524908100 1745 29200 SH Sole 029100 0 100
Lexmark InternationCOM 529771107 1398 12500 SH Sole 012500 0 0
Lilly (Eli) & Co. COM 53245710 8802 103700 SH Sole 0102400 0 1300
Lincoln National COM 53418710 939 9500 SH Sole 09400 0 100
Linear Technology COM 535678106 825 16100 SH Sole 016100 0 0
Litton Inds. COM 53802110 250 4300 SH Sole 04300 0 0
Lowe's Cos. COM 54866110 2753 45500 SH Sole 044600 0 900
Lucent Technology COM 549463107 32764 303374 SH Sole 0299706 0 3668
MBNA Corp. COM 55262L10 1841 77100 SH Sole 076200 0 900
MCI-Worldcom, Inc. COM 55268B106 14577 164600 SH Sole 0162400 0 2200
Mandalay Resort GroCOM 172909103 262 14900 SH Sole 014900 0 0
Marriott Int'l New COM 571903202 239 7100 SH Sole 07100 0 0
Marsh & McLennan COM 571748102 245 3300 SH Sole 03300 0 0
Masco Corp. COM 57459910 1136 40200 SH Sole 039800 0 400
May Dept. Stores COM 577778103 284 7250 SH Sole 07250 0 0
Maytag Co. COM 57859210 525 8700 SH Sole 08600 0 100
McDermott Int'l COM 58003710 7999 316000 SH Sole 0309100 0 6900
McDonald's Corp. COM 58013510 2021 44600 SH Sole 044600 0 0
McGraw-Hill COM 58064510 1319 24200 SH Sole 024000 0 200
Mead Corp. COM 58283410 1910 62100 SH Sole 062100 0 0
Mediaone Group Inc.COM 58440J104 374 5900 SH Sole 05900 0 0
Medtronic, Inc. COM 58505510 812 11300 SH Sole 011300 0 0
Mercantile BanksharCOM 58740510 1634 44150 SH Sole 044150 0 0
Merck & Co. COM 58933110 10200 127300 SH Sole 0126100 0 1200
Meritor Automotive COM 59000G100 1211 78100 SH Sole 053300 0 24800
Merrill Lynch COM 590188108 2752 31100 SH Sole 030500 0 600
Micro Warehouse COM 59501B105 213 13200 SH Sole 013200 0 0
Micron Electronics COM 59510010 201 17100 SH Sole 00 0 17100
Micron Technology COM 59511210 4053 84100 SH Sole 083800 0 300
Microsoft COM 594918104 41729 465600 SH Sole 0459600 0 6000
Mobil Corp. COM 60705910 6855 77900 SH Sole 077400 0 500
Montana Power COM 612085100 405 5500 SH Sole 04200 0 1300
Morgan Stanley, DeaCOM 617446448 11587 115940 SH Sole 0113575 0 2365
Motorola Inc. COM 62007610 1970 26900 SH Sole 026200 0 700
Musicland Stores COM 62758B109 408 45300 SH Sole 00 0 45300
Mylan Labs COM 62853010 335 12200 SH Sole 010900 0 1300
NCR Corp COM 62886E108 765 15300 SH Sole 014000 0 1300
NL Industries COM 629156407 261 29000 SH Sole 029000 0 0
NVR Inc. COM 62944T10 489 11600 SH Sole 00 0 11600
Nabisco Holdings CoCOM 629526104 378 9100 SH Sole 09100 0 0
Nac Re Corp. COM 62890710 220 4100 SH Sole 00 0 4100
Nacco Ind. Cl A COM 62957910 3318 44800 SH Sole 037900 0 6900
National City Corp COM 635405103 2005 30200 SH Sole 029800 0 400
National Service InCOM 63765710 1322 38800 SH Sole 038800 0 0
Navistar Intl COM 63934E10 1286 32000 SH Sole 022700 0 9300
Network Associates COM 640938106 319 10400 SH Sole 010400 0 0
New Era of NetworksCOM 64431210 278 4100 SH Sole 00 0 4100
Newmont Mining COM 651639106 327 18700 SH Sole 018700 0 0
Nisource, Inc. COM 62914010 1164 43100 SH Sole 043100 0 0
Nortel Networks LtdCOM 66581510 3641 58600 SH Sole 057800 0 800
Novell COM 67000610 781 31000 SH Sole 030600 0 400
Nu Skin EnterprisesCOM 67018T10 226 9900 SH Sole 00 0 9900
ONEOK Inc. COM 682680103 3475 140400 SH Sole 0119000 0 21400
Occidental PetroleuCOM 67459910 284 15800 SH Sole 015800 0 0
Office Depot COM 67622010 1078 28800 SH Sole 028800 0 0
Ogden Corp. COM 67634610 876 36400 SH Sole 015900 0 20500
Oklahoma Gas & ElecCOM 670837103 593 26300 SH Sole 09600 0 16700
Old Kent Financial COM 679833103 425 10045 SH Sole 07945 0 2100
Olsten Corp. COM 681385100 110 17800 SH Sole 017800 0 0
Omnicom Group COM 681919106 2326 29100 SH Sole 028900 0 200
Oracle Systems COM 68389X105 10033 380400 SH Sole 0376950 0 3450
Owens & Minor COM 69073210 119 11800 SH Sole 00 0 11800
Owens Corning COM 69073F103 977 30700 SH Sole 030700 0 0
PACCAR Inc. COM 693718108 268 6500 SH Sole 06400 0 100
PNC Financial COM 69347510 2039 36700 SH Sole 035800 0 900
PP&L Resources HoldCOM 693499105 309 12500 SH Sole 012500 0 0
PPG, Inc. COM 69350610 205 4000 SH Sole 04000 0 0
Pacific Century FinCOM 694058108 284 13600 SH Sole 013600 0 0
Pacific Gas & Elec.COM 69331C108 13953 449200 SH Sole 0447600 0 1600
Pacificare Health SCOM 695112201 1188 17400 SH Sole 017100 0 300
Paine Webber Group COM 695629105 837 21000 SH Sole 021000 0 0
Paychex Inc. COM 704326107 925 19500 SH Sole 019500 0 0
Peco Energy Co. COM 693304107 7821 169100 SH Sole 0166600 0 2500
Peoples Heritage FiCOM 711147108 239 13300 SH Sole 013300 0 0
Pfizer, Inc. COM 71708110 9477 68300 SH Sole 067700 0 600
Philip Morris COM 71815410 11686 332100 SH Sole 0332100 0 0
Phillips Petroleum COM 71850710 298 6300 SH Sole 06000 0 300
Pinnacle West CapitCOM 72348410 695 19100 SH Sole 019100 0 0
Pitney - Bowes COM 72447910 816 12800 SH Sole 012800 0 0
Pixar Inc. COM 725811103 386 9800 SH Sole 08800 0 1000
Polycom Inc. COM 73172K10 547 29200 SH Sole 00 0 29200
Pomeroy Computer SeCOM 731822102 229 17600 SH Sole 00 0 17600
Potash Corp COM 73762810 475 14000 SH Sole 014000 0 0
Precision CastpartsCOM 74018910 246 6100 SH Sole 01200 0 4900
Premark Intl. COM 740459102 412 12500 SH Sole 06400 0 6100
Procter & Gamble COM 74271810 607 6200 SH Sole 06200 0 0
Protective Life CorCOM 743674103 932 24600 SH Sole 09800 0 14800
Provident FinancialCOM 743866105 253 6600 SH Sole 06600 0 0
Providian Corp. COM 74406A102 2414 21950 SH Sole 021500 0 450
Pub Serv Enterp IncCOM 74457310 7542 197500 SH Sole 0191700 0 5800
Public Service of NCOM 744499104 964 56700 SH Sole 056700 0 0
Pulte Corp. COM 745867101 3249 156100 SH Sole 0141300 0 14800
QLogic Corporation COM 747277101 524 7800 SH Sole 00 0 7800
Quaker Oats COM 74740210 1201 19300 SH Sole 018300 0 1000
Qualcomm COM 747525103 1244 10000 SH Sole 09300 0 700
Quiksilver Inc. COM 74838C10 207 4900 SH Sole 00 0 4900
RJR Nabisco COM 74960K876 4135 165400 SH Sole 0165400 0 0
RPM Inc. COM 74968510 161 12100 SH Sole 012100 0 0
Rational Software COM 75409P20 247 9200 SH Sole 06600 0 2600
Read-Rite Corp. COM 75524610 371 56300 SH Sole 00 0 56300
Reinsurance Group ACOM 75935110 236 5550 SH Sole 00 0 5550
Reliance Group COM 759464100 399 51900 SH Sole 050300 0 1600
Reliant Energy Inc.COM 75952J108 792 30400 SH Sole 027300 0 3100
Republic Services COM 760759100 178 11000 SH Sole 011000 0 0
Resource BancsharesCOM 76119710 140 10900 SH Sole 00 0 10900
Reynolds & ReynoldsCOM 76169510 445 23400 SH Sole 05800 0 17600
Riggs National CP COM 76657010 268 15900 SH Sole 00 0 15900
Rochester Gas & EleCOM 77136710 279 10900 SH Sole 00 0 10900
Rockwell Int'l COM 77390310 895 21100 SH Sole 020800 0 300
Roslyn Bancorp COM 77816210 246 14555 SH Sole 00 0 14555
Royal Dutch PetroleCOM 780257804 1206 23200 SH Sole 023200 0 0
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Ryland Group COM 78376410 504 19900 SH Sole 00 0 19900
SBC Communications COM 78387G103 5127 108650 SH Sole 0105550 0 3100
SEI Investments COM 784117103 444 4800 SH Sole 04800 0 0
Safeguard ScientifiCOM 78644910 938 13900 SH Sole 0200 0 13700
Safeway Inc COM 786514208 1078 21000 SH Sole 020400 0 600
Sanmina Corp COM 80090710 210 3300 SH Sole 01800 0 1500
Schering-Plough COM 80660510 23802 430800 SH Sole 0426200 0 4600
Schwab, Charles COM 80851310 3451 35900 SH Sole 035400 0 500
Seagate Technology COM 811804103 644 21800 SH Sole 021500 0 300
Sealed Air COM 81211K100 339 6900 SH Sole 06800 0 100
Shaw Industries COM 82028610 403 21800 SH Sole 018300 0 3500
Sherwin-Williams COM 824348106 382 13600 SH Sole 013600 0 0
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Storage Technology COM 86211120 460 16500 SH Sole 016500 0 0
Sun Microsystems COM 86681010 4315 34500 SH Sole 034000 0 500
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Sungard Data SystemCOM 867363103 348 8700 SH Sole 08700 0 0
Super Valu Stores COM 868536103 12641 612900 SH Sole 0583000 0 29900
Symbol TechnologiesCOM 871508107 238 5300 SH Sole 04600 0 700
TCA Cable TV COM 872241104 487 11200 SH Sole 011200 0 0
TCF Financial Corp.COM 872275102 255 9800 SH Sole 09800 0 0
TJX COM 87254010 2064 60700 SH Sole 059800 0 900
TMP Worldwide COM 872941109 227 3500 SH Sole 03500 0 0
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Tech Data COM 878237106 319 13900 SH Sole 012700 0 1200
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Terex Corporation COM 88077910 212 8800 SH Sole 00 0 8800
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Texas Instruments COM 88250810 3831 38600 SH Sole 038100 0 500
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Travelers Property COM 893939108 2431 68000 SH Sole 068000 0 0
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Trinity Industries COM 89652210 1096 37300 SH Sole 037300 0 0
Tupperware Corp COM 899896104 1460 81100 SH Sole 081100 0 0
Tyco InternatiionalCOM 902124106 4405 61400 SH Sole 060600 0 800
Tyson Foods COM 902494103 273 13200 SH Sole 013200 0 0
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</TABLE>
