<TABLE>
<C> <C>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
AMR CORP COMMON 001765106 580 8500 SH DEFINED 1 8500 0 0
AT&T CORP COMMON 001957109 23563 422177 SH DEFINED 1 393550 600 28027
ALCATEL DEPOSITORY RECEI 013904305 18868 664950 SH DEFINED 1 630100 500 34350
ALLIEDSIGNAL INC COMMON 019512102 29377 466308 SH DEFINED 1 438008 100 28200
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 10175 515200 SH DEFINED 1 498300 900 16000
ALLSTATE CORP COMMON 020002101 504 14050 SH DEFINED 1 7250 0 6800
ALLTEL CORP COMMON 020039103 11322 158350 SH DEFINED 1 147800 0 10550
AMBAC FINL GROUP INC COMMON 023139108 514 9000 SH DEFINED 1 2700 0 6300
AMERICA ONLINE INC DEL COMMON 02364J104 330 3000 SH DEFINED 1 2300 0 700
AMERICAN GENERAL CORP COMMON 026351106 4431 58791 SH DEFINED 1 50103 0 8688
AMERICAN HOME PRODS CORP COMMON 026609107 28467 496150 SH DEFINED 1 458650 600 36900
AMERICAN NATL INS CO COMMON 028591105 1639 23000 SH DEFINED 1 23000 0 0
AMSOUTH BANCORPORATION COMMON 032165102 222 9562 SH DEFINED 1 9562 0 0
ARROW INTL INC COMMON 042764100 15230 588600 SH DEFINED 1 508800 0 79800
ATLANTIC RICHFIELD COMMON 048825103 23180 277400 SH DEFINED 1 255250 250 21900
BANK OF AMERICA CORP OMMON 060505104 43328 591005 SH DEFINED 1 556668 600 33737
BANK NEW YORK INC COMMON 064057102 216 5900 SH DEFINED 1 300 0 5600
BANK ONE CORP COMMON 06423A103 38686 649502 SH DEFINED 1 601297 1000 47205
BANKBOSTON CORP COMMON 06605R106 288 5625 SH DEFINED 1 2625 0 3000
BEACON CAPITAL PARTNERS COMMON 073561102 2691 175000 SH DEFINED 1 175000 0 0
BELL ATLANTIC CORP COMMON 077853109 647 9894 SH DEFINED 1 2859 0 7035
BELLSOUTH CORP COMMON 079860102 1107 24000 SH DEFINED 1 16175 0 7825
BETHLEHEM STL CORP COMMON 087509105 1153 150000 SH DEFINED 1 150000 0 0
BLACK & DECKER CORP COMMON 091797100 31525 499400 SH DEFINED 1 462950 200 36250
BOEING CO COMMON 097023105 308 7000 SH DEFINED 1 4000 0 3000
BOISE CASCADE CORP COMMON 097383103 21963 512250 SH DEFINED 1 471700 400 40150
BOWATER INC COMMON 102183100 1355 28600 SH DEFINED 1 19700 0 8900
BOYKIN LODGING CO COMMON 103430104 938 61000 SH DEFINED 1 59000 0 2000
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 258 13000 SH DEFINED 1 3000 0 10000
BRISTOL MYERS SQUIBB CO COMMON 110122108 317 4500 SH DEFINED 1 4300 0 200
BROWNING FERRIS INDS COMMON 115885105 430 10000 SH DEFINED 1 0 0 10000
BURLINGTON RES INC COMMON 122014103 3720 86000 SH DEFINED 1 82300 0 3700
CSG SYS INTL INC COMMON 126349109 486 18540 SH DEFINED 1 13600 0 4940
CABLETRON SYS INC COMMON 126920107 325 25000 SH DEFINED 1 25000 0 0
CADE INDS INC COMMON 127382109 39 15000 SH DEFINED 1 15000 0 0
CALLAWAY GOLF CO COMMON 131193104 731 50000 SH DEFINED 1 28500 0 21500
CAMPBELL SOUP CO COMMON 134429109 2319 50005 SH DEFINED 1 41155 0 8850
CAPITAL ONE FINANCIAL COMMON 14040H105 2784 50000 SH DEFINED 1 50000 0 0
CARPENTER TECHNOLOGY COR COMMON 144285103 5270 184500 SH DEFINED 1 151400 0 33100
CENTURYTEL INC COMMON 156700106 1522 38300 SH DEFINED 1 25150 0 13150
CHASE MANHATTAN CORP NEW OMMON 16161A108 2223 25700 SH DEFINED 1 23200 0 2500
CHEVRON CORPORATION COMMON 166751107 18376 193300 SH DEFINED 1 177500 200 15600
CITIGROUP INC COMMON 172967101 20694 435655 SH DEFINED 1 397000 925 37730
CLOSURE MED CORP COMMON 189093107 6051 201700 SH DEFINED 1 183900 0 17800
COLONIAL PPTYS TR COM SH BEN INT 195872106 3054 108100 SH DEFINED 1 100800 0 7300
COLUMBIA/HCA HEALTHCARE COMMON 197677107 12992 569500 SH DEFINED 1 535100 500 33900
COMPAQ COMPUTER CORP COMMON 204493100 36393 1536375 SH DEFINED 1 1434825 1000 100550
CONOCO INC CL A 208251306 13430 481800 SH DEFINED 1 460000 700 21100
CONSECO INC COMMON 208464107 42619 1400200 SH DEFINED 1 1293150 1200 105850
CORNERSTONE PPTYS INC COMMON 21922H103 238 15000 SH DEFINED 1 15000 0 0
CORPORATE OFFICE PPTYS T SH BEN INT 22002T108 5387 658000 SH DEFINED 1 606000 0 52000
CRESCENT REAL ESTATE EQU COMMON 225756105 16200 682100 SH DEFINED 1 639700 0 42400
CROMPTON & KNOWLES CORP COMMON 227111101 296 15000 SH DEFINED 1 15000 0 0
D R HORTON INC COMMON 23331A109 499 30000 SH DEFINED 1 13000 0 17000
DANA CORP COMMON 235811106 16292 353700 SH DEFINED 1 323250 600 29850
DEERE & CO COMMON 244199105 991 25300 SH DEFINED 1 15900 0 9400
DELPHI AUTOMOTIVE SYS COMMON 247126105 237 12795 SH DEFINED 1 1048 0 11746
DELTA AIR LINES INC DEL COMMON 247361108 346 6000 SH DEFINED 1 2000 0 4000
DISNEY WALT COMPANY COMMON 254687106 13996 454220 SH DEFINED 1 419110 0 35110
DONALDSON LUFKIN & JENRE COM DLJ 257661108 7646 126900 SH DEFINED 1 120500 400 6000
DU PONT E I DE NEMOURS & COMMON 263534109 26601 389400 SH DEFINED 1 363600 450 25350
DUANE READE INC COMMON 263578106 668 21900 SH DEFINED 1 21900 0 0
EASTMAN KODAK CO COMMON 277461109 34443 508385 SH DEFINED 1 472635 300 35450
J D EDWARDS & CO COMMON 281667105 8205 443500 SH DEFINED 1 420500 0 23000
ELECTRONIC DATA SYSTEM COMMON 285661104 31074 548760 SH DEFINED 1 510310 600 37850
EMERSON ELEC CO COMMON 291011104 9296 147700 SH DEFINED 1 141800 100 5800
EQUITABLE COS INC COMMON 29444G107 3350 50000 SH DEFINED 1 50000 0 0
EXIDE CORP COMMON 302051107 649 44000 SH DEFINED 1 21800 0 22200
EXXON CORP COMMON 302290101 532 6900 SH DEFINED 1 6500 0 400
F M C CORP COM NEW 302491303 26601 389400 SH DEFINED 1 371800 0 17600
FEDERAL HOME LN MTG CORP COMMON 313400301 10498 181000 SH DEFINED 1 169500 200 11300
FEDERAL NATL MTG ASSN COMMON 313586109 1213 17775 SH DEFINED 1 11725 0 6050
FEDERATED DEPT ST COMMON 31410H101 15984 301950 SH DEFINED 1 271950 500 29500
FIRST TENN NATL CORP COMMON 337162101 268 7000 SH DEFINED 1 7000 0 0
FIRST UN CORP COMMON 337358105 23010 488280 SH DEFINED 1 451023 400 36857
FLOWSERVE CORP COMMON 34354P105 14892 786350 SH DEFINED 1 747150 850 38350
FREEPORT-MCM COPR GOLD CL B 35671D857 3308 184400 SH DEFINED 1 184400 0 0
GTE CORP COMMON 362320103 34570 457875 SH DEFINED 1 438175 100 19600
GAYLORD CONTAINER CORP CL A 368145108 953 120000 SH DEFINED 1 100000 0 20000
GENERAL ELEC CO COMMON 369604103 494 4375 SH DEFINED 1 4375 0 0
GENERAL MTRS CORP COMMON 370442105 594 9000 SH DEFINED 1 2375 0 6625
GLENBOROUGH RLTY TR INC COMMON 37803P105 11197 639800 SH DEFINED 1 590000 0 49800
GLENBOROUGH RLTY TR INC PFD CV SER A% 37803P204 380 20000 SH DEFINED 1 20000 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 6168 376700 SH DEFINED 1 321600 0 55100
HALLIBURTON CO COMMON 406216101 12453 275200 SH DEFINED 1 265500 300 9400
HASBRO INC COMMON 418056107 2304 82475 SH DEFINED 1 69500 0 12975
ELDON CAPITAL PARTNERS LP 421993106 1189 1432970 SH DEFINED 1 1432970 0 0
HEALTHCARE FINANCIAL COMMON 42220C109 14500 725000 SH DEFINED 1 700000 0 25000
HERCULES INC COMMON 427056106 9930 252600 SH DEFINED 1 237850 100 14650
HERSHEY FOODS CORP COMMON 427866108 707 11900 SH DEFINED 1 7700 0 4200
HEWLETT PACKARD CO COMMON 428236103 8550 85075 SH DEFINED 1 81575 200 3300
HILTON HOTELS CORP COMMON 432848109 6621 466700 SH DEFINED 1 453200 0 13500
HOUSEHOLD INTL INC COMMON 441815107 240 5066 SH DEFINED 1 0 0 5066
ICG COMMUNICATIONS INC COMMON 449246107 214 10000 SH DEFINED 1 250 0 9750
IXC COMMUNICATIONS INC COMMON 450713102 2359 60000 SH DEFINED 1 60000 0 0
ILLINOVA CORP COMMON 452317100 13346 489750 SH DEFINED 1 451150 0 38600
INCO LTD DBCV 5.750 7/0 453258AK1 6610 7224000 PRN DEFINED 1 7019000 60000 145000
INTERMEDIA COMMUNICATION COMMON 458801107 1290 43000 SH DEFINED 1 40000 0 3000
INTERNATIONAL BUSINESS M COMMON 459200101 465 3600 SH DEFINED 1 0 0 3600
INTERNATIONAL PAPER CO COMMON 460146103 12784 254398 SH DEFINED 1 232048 350 22000
ITHACA INDS INC NEW COMMON 465679108 53 70000 SH DEFINED 1 70000 0 0
K MART CORP COMMON 482584109 14023 849900 SH DEFINED 1 795900 800 53200
KAUFMAN & BROAD HOME COMMON 486168107 1244 50000 SH DEFINED 1 36600 0 13400
KELLOGG CO COMMON 487836108 30424 921950 SH DEFINED 1 864300 500 57150
KEYCORP NEW COMMON 493267108 1905 59300 SH DEFINED 1 47500 0 11800
KEYSTONE FINANCIAL INC COMMON 493482103 473 16000 SH DEFINED 1 5000 0 11000
KIMBERLY CLARK CORP COMMON 494368103 32752 574600 SH DEFINED 1 531600 650 42350
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 2692 175800 SH DEFINED 1 175800 0 0
LEXINGTON CORP PPTYS TR COMMON 529043101 379 32600 SH DEFINED 1 4000 0 28600
LIBERTY PROPERTY TRUST SH BEN INT 531172104 226 9100 SH DEFINED 1 3500 0 5600
LILLY ELI & CO COMMON 532457108 430 6000 SH DEFINED 1 2625 0 3375
LOCKHEED MARTIN CORP COMMON 539830109 261 7000 SH DEFINED 1 2000 0 5000
LUCENT TECHNOLOGIES INC COMMON 549463107 357 5300 SH DEFINED 1 4500 0 800
MGIC INVT CORP WIS COMMON 552848103 23617 485700 SH DEFINED 1 458500 500 26700
MACERICH CO COMMON 554382101 210 8000 SH DEFINED 1 0 0 8000
MACK CALI RLTY CORP COMMON 554489104 12029 388825 SH DEFINED 1 354625 0 34200
MASCO CORP COMMON 574599106 231 8000 SH DEFINED 1 4000 0 4000
MAY DEPT STORES CO COMMON 577778103 12695 310575 SH DEFINED 1 291200 250 19125
MEAD CORP COMMON 582834107 21132 506150 SH DEFINED 1 486000 550 19600
MEDIAONE GROUP INC COMMON 58440J104 11177 150275 SH DEFINED 1 133275 0 17000
MELLON BK CORP COMMON 585509102 824 22650 SH DEFINED 1 14850 0 7800
MERCANTILE BANCORP INC COMMON 587342106 1597 27950 SH DEFINED 1 13750 0 14200
MERISTAR HOSPITALITY COR COMMON 58984Y103 9922 442222 SH DEFINED 1 394306 0 47916
MERRILL LYNCH & CO INC COMMON 590188108 398 5000 SH DEFINED 1 50 0 4950
MICROSOFT CORP COMMON 594918104 367 4065 SH DEFINED 1 4065 0 0
MICRON TECHNOLOGY INC COMMON 595112103 23348 576500 SH DEFINED 1 556400 500 19600
MINNESOTA MNG & MFG CO COMMON 604059105 24338 279950 SH DEFINED 1 260100 200 19650
MOBIL CORP COMMON 607059102 388 3925 SH DEFINED 1 1925 0 2000
MONSANTO CO COMMON 611662107 18198 459975 SH DEFINED 1 414900 350 44725
MONTANA POWER COMPANY COMMON 612085100 2468 35000 SH DEFINED 1 28275 0 6725
MORGAN J P & CO INC COMMON 616880100 400 2850 SH DEFINED 1 2000 0 850
MORGAN STAN DEAN WITTR COM NEW 617446448 205 2000 SH DEFINED 1 2000 0 0
MOTOROLA INC COMMON 620076109 294 3100 SH DEFINED 1 3100 0 0
NABISCO HLDGS CORP CL A 629526104 22914 532890 SH DEFINED 1 500040 800 32050
NATIONAL SEMICONDUCTOR C COMMON 637640103 5440 214900 SH DEFINED 1 213500 1400 0
NETWORK ASSOCIATES INC COMMON 640938106 294 20000 SH DEFINED 1 0 0 20000
NEW YORK TIMES CO CL A 650111107 19201 521600 SH DEFINED 1 476700 0 44900
OAK INDUSTRIES INC COM NEW 671400505 219 5000 SH DEFINED 1 0 0 5000
OMNIPOINT CORP COMMON 68212D102 3542 122400 SH DEFINED 1 122400 0 0
ORACLE CORP COMMON 68389X105 1190 32050 SH DEFINED 1 22150 150 9750
PMI GROUP INC COMMON 69344M101 34725 552830 SH DEFINED 1 515080 200 37550
PAINE WEBBER GROUP INC COMMON 695629105 234 5000 SH DEFINED 1 5000 0 0
PENNZOIL-QUAKER STATE CO COMMON 709323109 1410 94000 SH DEFINED 1 87000 0 7000
PEPSI BOTTLING GROUP COMMON 713409100 242 10450 SH DEFINED 1 10450 0 0
PHARMACIA & UPJOHN INC COMMON 716941109 31304 551010 SH DEFINED 1 512590 600 37820
PFIZER INC COMMON 717081103 229 2100 SH DEFINED 1 1900 0 200
PIONEER NAT RES CO COMMON 723787107 523 47500 SH DEFINED 1 14500 0 33000
POPE & TALBOT INC COMMON 732827100 121 10000 SH DEFINED 1 0 0 10000
POTOMAC ELEC PWR CO COMMON 737679100 1001 34000 SH DEFINED 1 26500 0 7500
PRAXAIR INC COMMON 74005P104 19088 390050 SH DEFINED 1 366450 300 23300
PROCTER & GAMBLE CO COMMON 742718109 27308 305975 SH DEFINED 1 281150 400 24425
PROTECTIVE LIFE CORP COMMON 743674103 1122 33000 SH DEFINED 1 33000 0 0
PROVIDENT COS INC COMMON 743862104 280 7000 SH DEFINED 1 7000 0 0
PROVIDIAN FINL CORP COMMON 74406A102 3786 40600 SH DEFINED 1 28600 100 11900
PUBLIC STORAGE INC COMMON 74460D109 7731 276100 SH DEFINED 1 261100 0 15000
QWEST COMMUNICATIONS INT COMMON 749121109 1674 50620 SH DEFINED 1 50620 0 0
R & B FALCON CORP COMMON 74912E101 944 100705 SH DEFINED 1 100705 0 0
RADIAN GROUP INC COMMON 750236101 3270 67000 SH DEFINED 1 64000 0 3000
RAYTHEON CO CL B 755111408 22803 323450 SH DEFINED 1 307600 0 15850
RECKSON ASSOCS RLTY CORP PFD CV SER A% 75621K205 1072 47000 SH DEFINED 1 46000 0 1000
REEBOK INTL LTD COMMON 758110100 1490 80000 SH DEFINED 1 80000 0 0
RELIANCE GROUP HLDGS COMMON 759464100 3365 452400 SH DEFINED 1 392400 0 60000
RELIASTAR FINL CORP COMMON 75952U103 709 16200 SH DEFINED 1 10100 0 6100
ROGERS COMMUNICATIONS IN CL B 775109200 324 20000 SH DEFINED 1 20000 0 0
SBC COMMUNICATIONS INC COMMON 78387G103 34365 592500 SH DEFINED 1 548740 1000 42760
ST PAUL COS INC COMMON 792860108 286 9000 SH DEFINED 1 9000 0 0
SCHERING PLOUGH CORP COMMON 806605101 1050 20000 SH DEFINED 1 20000 0 0
SEARS ROEBUCK & CO COMMON 812387108 223 5000 SH DEFINED 1 0 0 5000
SENSORMATIC ELECTRS CP COMMON 817265101 279 20000 SH DEFINED 1 300 0 19700
SERVICE CORP INTL COMMON 817565104 1465 76100 SH DEFINED 1 50900 0 25200
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 330 5000 SH DEFINED 1 1000 0 4000
SMURFIT-STONE CONTAINER COMMON 832727101 206 10000 SH DEFINED 1 0 0 10000
STARWOOD HOTELS WORLD PAIRED CTF 85590A203 4966 162500 SH DEFINED 1 152500 0 10000
SUMMIT BANCORP COMMON 866005101 1980 47350 SH DEFINED 1 37500 0 9850
SUNBEAM CORP COMMON 867071102 830 104600 SH DEFINED 1 104600 0 0
SUNOCO INC COMMON 86764P109 4635 153550 SH DEFINED 1 142250 200 11100
SUNTRUST BKS INC COMMON 867914103 215 3096 SH DEFINED 1 3000 0 96
SUNSTONE HOTEL INVS INC COMMON 867933103 1789 210500 SH DEFINED 1 188100 0 22400
TEKTRONIX INC COMMON 879131100 7281 241200 SH DEFINED 1 241200 0 0
TELEGLOBE INC COMMON 87941V100 729 24500 SH DEFINED 1 15900 0 8600
TEMPLE INLAND INC COMMON 879868107 8221 119800 SH DEFINED 1 115700 0 4100
TENET HEALTHCARE CORP COMMON 88033G100 12262 660580 SH DEFINED 1 613110 1700 45770
TENNECO INC NEW COMMON 88037E101 19143 801800 SH DEFINED 1 728500 800 72500
TEXACO INC COMMON 881694103 26271 421175 SH DEFINED 1 385825 350 35000
TEXAS INSTRS INC COMMON 882508104 731 5075 SH DEFINED 1 1075 0 4000
3COM CORP COMMON 885535104 14577 546200 SH DEFINED 1 495300 500 50400
TORCHMARK CORP COMMON 891027104 205 6000 SH DEFINED 1 0 0 6000
UAL CORP COM PAR $0.01 902549500 14234 220250 SH DEFINED 1 207300 0 12950
UST CORP COMMON 902900109 303 10000 SH DEFINED 1 10000 0 0
USX MARATHON GROUP COM NEW 902905827 14404 442350 SH DEFINED 1 417150 600 24600
US BANCORP DEL COMMON 902973106 2807 84100 SH DEFINED 1 73100 0 11000
USX-U S STL COMMON 90337T101 17730 656650 SH DEFINED 1 611500 1200 43950
UNION PLANTERS CORP COMMON 908068109 885 19800 SH DEFINED 1 13700 0 6100
US AIRWAYS GROUP INC COMMON 911905107 4393 100850 SH DEFINED 1 93000 0 7850
U S WEST INC NEW COMMON 91273H101 5246 89300 SH DEFINED 1 76000 0 13300
UNOCAL CORP COMMON 915289102 30590 771985 SH DEFINED 1 724300 700 46985
UNUMPROVIDENT CORP COMMON 91529Y106 27877 509175 SH DEFINED 1 475325 400 33450
V F CORP COMMON 918204108 3865 90400 SH DEFINED 1 77000 0 13400
VERITAS DGC INC COMMON 92343P107 824 45000 SH DEFINED 1 37000 0 8000
WALKER INTERACTIVE SYS I COMMON 931664106 168 64000 SH DEFINED 1 3500 0 60500
WARNACO GROUP INC CL A 934390105 16249 607450 SH DEFINED 1 555500 0 51950
WARNER LAMBERT CO COMMON 934488107 1708 24702 SH DEFINED 1 20702 0 4000
WASHINGTON MUTUAL INC COMMON 939322103 31315 880550 SH DEFINED 1 834300 650 45600
WATSON PHARMACEUTICALS I COMMON 942683103 7105 202638 SH DEFINED 1 193438 0 9200
WENDYS INTL INC COMMON 950590109 19733 692400 SH DEFINED 1 655500 0 36900
WILLIAMS COS INC DEL COMMON 969457100 14067 330500 SH DEFINED 1 307300 300 22900
WRIGLEY WM JR CO COMMON 982526105 339 3800 SH DEFINED 1 2000 0 1800
WYNDHAM INTL INC CL A 983101106 2513 558430 SH DEFINED 1 521900 0 36530
XEROX CORP COMMON 984121103 6104 103350 SH DEFINED 1 95100 0 8250
ACE LIMITED ORD G0070K103 4811 170300 SH DEFINED 1 169800 500 0
FRUIT OF THE LOOM LTD ORD CL A G3682L105 98 10000 SH DEFINED 1 10000 0 0
LORAL SPACE&COMM/JOE COMMON G56462107 581 32300 SH DEFINED 1 21900 0 10400
SCOTTISH ANNUITY & LIFE ORD G7885T104 2377 221100 SH DEFINED 1 216100 0 5000
XL CAP LTD CL A G98255105 885 15660 SH DEFINED 1 8060 0 7600
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