<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
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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: CIGNA Corporation
Address: One Liberty Place
Philadelphia, PA 19192-1550
Form 13F File Number: 28-1157
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: Kathryn Pietrowiak
Title: Assistant Corporate Secretary
Phone: 860-726-8908
Signature, Place, and Date of Signing:
/s/ Kathryn Pietrowiak
- --------------------------------------------------------------------------------
[Signature]
BLOOMFIELD, CT
- --------------------------------------------------------------------------------
[City, State]
MAY 13, 1999
- --------------------------------------------------------------------------------
[Date]
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 reporting manager(s).)
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 562
Form 13F Information Table Value Total: $5,018,342 (thousands)
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.
No. 13F File Number Name
1 28-318 CIGNA Investment Advisory Company, Inc.
2 28-2293 CIGNA Investments, Inc.
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<TABLE>
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FORM 13F INFORMATION TABLE
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NAME OF TITLE CUSIP VALUE SHRS OR SH/PRN PUT/ INVESTMENT OTHER VOTING AUTHORITY
ISSUER OF CLASS (X$1000) PRN AMT CALL DISCRETION MANAGERS SOLE SHARED NONE
- -------- -------- -------- -------- ------- -------- ---- -------- -------- --------- --------- -----------
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- -------- -------- -------- --------------------- --------- -------- --------- --------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES COM 002824100 33,272 710,746 SH DEFINED 1,2 710,746
ABITIBI-CONSOLIDATED INC COM 003924107 469 53,400 SH DEFINED 53,400
ADOBE SYSTEMS INC COM 00724F101 1,634 28,800 SH DEFINED 1,2 28,800
ADVANCED MICRO DEVICES IN COM 007903107 1,046 67,487 SH DEFINED 1,2 67,487
AEGON NV SPONS ADR 007924103 3,130 34,824 SH DEFINED 1,2 34,824
AEROQUIP-VICKERS, INC COM 007869100 747 13,026 SH DEFINED 1,2 13,026
AES CORP COM 00130H105 3,136 84,200 SH DEFINED 1,2 84,200
AETNA INC COM 008117103 5,541 66,757 SH DEFINED 1,2 66,757
AIR PRODUCTS & CHEMICALS COM 009158106 3,703 108,120 SH DEFINED 1,2 108,120
AIR TOUCH COMMUNICATIONS COM 00949T100 25,921 268,268 SH DEFINED 1,2 268,268
ALBERTA ENERGY COM 012873105 2,190 89,000 SH DEFINED 89,000
ALBERTO-CULVER CL B CONV 013068101 606 25,914 SH DEFINED 1,2 25,914
ALBERTSONS INC COM 013104104 6,226 114,634 SH DEFINED 1,2 114,634
ALCAN ALUMINIUM LTD COM 013716105 2,744 106,292 SH DEFINED 1,2 106,292
ALCOA INC COM COM 013817101 7,066 171,552 SH DEFINED 1,2 171,552
ALLEGHENY TELDYNE INC COM 017415100 1,736 91,646 SH DEFINED 1,2 91,646
ALLERGAN INC COM 018490102 2,702 30,748 SH DEFINED 1,2 30,748
ALLIED SIGNAL INC COM 019512102 12,794 260,104 SH DEFINED 1,2 260,104
ALLSTATE CORP COM 020002101 14,214 383,504 SH DEFINED 1,2 383,504
ALLTEL CORP COM 020039103 8,228 131,905 SH DEFINED 1,2 131,905
ALZA CORP COM 022615108 1,745 45,622 SH DEFINED 1,2 45,622
AMERADA HESS CORP COM 023551104 2,129 42,323 SH DEFINED 1,2 42,323
AMEREN CORP COM 023608102 2,317 64,014 SH DEFINED 1,2 64,014
AMERICA ONLINE INC DEL COM 02364J104 75,170 514,841 SH DEFINED 1,2 514,841
AMERICAN ELECTRIC POWER COM 025537101 3,546 89,360 SH DEFINED 1,2 89,360
AMERICAN EXPRESS CO COM 025816109 24,925 212,120 SH DEFINED 1,2 212,120
AMERICAN GENERAL CORP COM 026351106 8,298 117,699 SH DEFINED 1,2 117,699
AMERICAN GREETINGS CORP CL A 026375105 841 33,152 SH DEFINED 1,2 33,152
AMERICAN HOME PRODUCTS CO COM 026609107 40,256 616,952 SH DEFINED 1,2 616,952
AMERICAN INTERNATIONAL GR COM 026874107 75,000 621,759 SH DEFINED 1,2 621,759
AMERICAN STORES COMPANY COM 030096101 4,238 128,424 SH DEFINED 1,2 128,424
AMERITECH CORP COM 030954101 29,786 514,660 SH DEFINED 1,2 514,660
AMGEN COM 031162100 17,872 238,696 SH DEFINED 1,2 238,696
AMP INC COM 031897101 5,490 102,261 SH DEFINED 1,2 102,261
AMR CORP COM 001765106 4,993 85,252 SH DEFINED 1,2 85,252
AMSOUTH BANCORPORATION COM 032165102 2,534 55,700 SH DEFINED 1,2 55,700
ANADARKO PETROLEUM CORP COM 032511107 2,122 56,200 SH DEFINED 1,2 56,200
ANDREW CORP COM 034425108 496 40,297 SH DEFINED 1,2 40,297
ANHEUSER BUSCH COMPANIES COM 035229103 17,084 224,244 SH DEFINED 1,2 224,244
AON CORP COM 037389103 5,028 79,500 SH DEFINED 1,2 79,500
APACHE CORP COM 037411105 1,191 45,700 SH DEFINED 1,2 45,700
APPLE COMPUTER INC COM 037833100 2,257 62,811 SH DEFINED 1,2 62,811
APPLIED MATERIALS INC COM 038222105 10,641 172,500 SH DEFINED 1,2 172,500
ARCHER DANIELS MIDLAND CO COM 039483102 4,072 277,210 SH DEFINED 1,2 277,210
ARMSTRONG WORLD INDUSTRIE COM 042476101 846 18,730 SH DEFINED 1,2 18,730
ASARCO INC COM 043413103 255 18,551 SH DEFINED 1,2 18,551
ASCEND COMMUNICATIONS INC COM 043491109 8,478 101,300 SH DEFINED 1,2 101,300
ASHLAND INC COM COM 044204105 1,460 35,663 SH DEFINED 1,2 35,663
ASSOCIATES FIRST CAP CORP CL A 046008108 15,223 338,300 SH DEFINED 1,2 338,300
AT&T CORP COM 001957109 79,031 990,196 SH DEFINED 1,2 990,196
ATLANTIC RICHFIELD CO COM 048825103 11,059 151,486 SH DEFINED 1,2 151,486
AUTODESK COM 052769106 1,078 26,670 SH DEFINED 1,2 26,670
AUTOLIV INC COM COM 052800109 771 20,517 SH DEFINED 1,2 20,517
AUTOMATIC DATA PROCESSING COM 053015103 11,894 287,464 SH DEFINED 1,2 287,464
AUTOZONE COM 053332102 2,166 71,300 SH DEFINED 1,2 71,300
AVERY DENNISON CORP COM 053611109 3,139 54,590 SH DEFINED 1,2 54,590
AVON PRODUCTS INC COM 054303102 5,792 123,080 SH DEFINED 1,2 123,080
BAKER HUGHES INCORPORATED COM 057224107 3,705 152,396 SH DEFINED 1,2 152,396
BALL CORP COM 058498106 681 14,504 SH DEFINED 1,2 14,504
BALTIMORE GAS & ELECTRIC COM 059165100 1,621 63,890 SH DEFINED 1,2 63,890
BANCO BHIF ADR SPONS ADR 05946H108 646 63,000 SH DEFINED 63,000
BANCO GANADERO S.A. SP ADR PRC 059594507 260 28,000 SH DEFINED 28,000
BANK OF NEW YORK INC COM 064057102 12,765 355,200 SH DEFINED 1,2 355,200
BANK ONE CORP COM 06423A103 30,161 547,754 SH DEFINED 1,2 547,754
BANKAMERICA CORP COM 06605F102 52,321 740,831 SH DEFINED 1,2 740,831
BANKBOSTON CORP COM 06605R106 6,036 139,338 SH DEFINED 1,2 139,338
BANKERS TRUST CORP COM 066365107 3,932 44,555 SH DEFINED 1,2 44,555
BARD CR INC COM 067383109 1,266 25,107 SH DEFINED 1,2 25,107
BARRICK GOLD CORP COM 067901108 3,169 186,200 SH DEFINED 1,2 186,200
BATTLE MTN GOLD COM 071593107 295 107,400 SH DEFINED 1,2 107,400
BAUSCH & LOMB INC COM 071707103 1,708 26,275 SH DEFINED 1,2 26,275
BAXTER INTERNATIONAL INC. COM 071813109 8,841 133,953 SH DEFINED 1,2 133,953
BB&T CORPORATION COM 054937107 5,186 143,300 SH DEFINED 1,2 143,300
BCE, INC., COM 05534B109 1,548 34,663 SH DEFINED 34,663
BEAR STEARNS COM 073902108 2,347 52,530 SH DEFINED 1,2 52,530
BECTON DICKINSON & CO COM 075887109 4,444 115,996 SH DEFINED 1,2 115,996
BELL ATLANTIC CORP COM 077853109 37,493 725,355 SH DEFINED 1,2 725,355
BELLSOUTH CORP COM 079860102 36,461 910,100 SH DEFINED 1,2 910,100
BEMIS CO COM 081437105 767 24,702 SH DEFINED 1,2 24,702
BESTFOODS COM COM 08658U101 6,297 133,978 SH DEFINED 1,2 133,978
BETHLEHEM STEEL CORP COM 087509105 500 60,607 SH DEFINED 1,2 60,607
BIOMET INC COM 090613100 2,199 52,438 SH DEFINED 1,2 52,438
BLACK & DECKER CORP. COM 091797100 2,278 41,093 SH DEFINED 1,2 41,093
BMC SOFTWARE INC COM 055921100 3,777 101,900 SH DEFINED 1,2 101,900
BOEING CO COM 097023105 15,105 442,656 SH DEFINED 1,2 442,656
BOISE CASCADE CORP COM 097383103 852 26,404 SH DEFINED 1,2 26,404
BOSTON SCIENTIFIC CORP COM 101137107 7,476 184,300 SH DEFINED 1,2 184,300
BRAZIL FUND INC COMMON US COM 105759104 985 77,000 SH DEFINED 77,000
BRIGGS & STRATTON COM 109043109 541 10,962 SH DEFINED 1,2 10,962
BRISTOL MYERS SQUIBB CO COM 110122108 59,826 930,244 SH DEFINED 1,2 930,244
BROWN-FORMAN CORP. CL B 115637209 1,847 32,051 SH DEFINED 1,2 32,051
BROWNING FERRIS INC COM 115885105 2,902 75,248 SH DEFINED 1,2 75,248
BRUNSWICK CORP COM 117043109 857 44,950 SH DEFINED 1,2 44,950
BURLINGTON NORTHERN SANTA COM 12189T104 7,208 219,258 SH DEFINED 1,2 219,258
BURLINGTON RESOURCES INC. COM 122014103 3,306 82,785 SH DEFINED 1,2 82,785
CABLETRON SYSTEMS INC COM 126920107 627 76,600 SH DEFINED 1,2 76,600
CAMPBELL SOUP COM 134429109 8,483 208,484 SH DEFINED 1,2 208,484
CANADIAN IMPERIAL BANK OF COM 136069101 5,978 232,349 SH DEFINED 232,349
CANADIAN NATIONAL RAILWAY COM 136375102 584 10,400 SH DEFINED 10,400
CAPITAL ONE FINL CORP COM 14040H105 4,621 30,600 SH DEFINED 1,2 30,600
CARDINAL HEALTH INC COM 14149Y108 8,435 127,800 SH DEFINED 1,2 127,800
CARNIVAL CRUISE LINE COM 143658102 13,792 284,000 SH DEFINED 1,2 284,000
CAROLINA POWER & LIGHT CO COM 144141108 2,678 70,822 SH DEFINED 1,2 70,822
CASE CORP COM 14743R103 865 34,100 SH DEFINED 1,2 34,100
CATERPILLAR INC. COM 149123101 7,707 167,772 SH DEFINED 1,2 167,772
CBS CORPORATION COM 12490K107 13,508 329,968 SH DEFINED 1,2 329,968
CENDANT CORP COM 151313103 6,276 398,453 SH DEFINED 1,2 398,453
CENTEX CORP COM 152312104 927 27,774 SH DEFINED 1,2 27,774
CENTRAL & SOUTH WEST CORP COM 152357109 2,331 99,451 SH DEFINED 1,2 99,451
CENTURY TELEPHONE ENTERPR COM 156686107 2,943 41,900 SH DEFINED 1,2 41,900
CERIDIAN CORP COM 15677T106 2,452 67,066 SH DEFINED 1,2 67,066
CHAMPION INTERNATIONAL CO COM 158525105 1,839 44,796 SH DEFINED 1,2 44,796
CHASE MANHATTAN CORP NEW COM 16161A108 32,085 394,592 SH DEFINED 1,2 394,592
CHEVRON CORP COM 166751107 26,906 304,242 SH DEFINED 1,2 304,242
CHOICEPOINT INC COM 170388102 334 6,690 SH DEFINED 1,2 6,690
CHUBB CORP COM 171232101 4,456 76,094 SH DEFINED 1,2 76,094
CIGNA CORP COM 125509109 26,032 310,600 SH DEFINED 1,2 310,600
CINCINNATI FINL CORP COM 172062101 2,842 78,000 SH DEFINED 1,2 78,000
CINERGY CORP COM 172474108 2,038 74,127 SH DEFINED 1,2 74,127
CIRCUIT CITY STORES - CIR CIRCITY GP 172737108 3,594 46,898 SH DEFINED 1,2 46,898
CISCO SYSTEMS COM 17275R102 80,885 738,250 SH DEFINED 1,2 738,250
CITIGROUP INC COM 172967101 67,322 1,053,970 SH DEFINED 1,2 1,053,970
CLEAR CHANNEL COMMUNICATI COM 184502102 8,229 122,700 SH DEFINED 1,2 122,700
CLOROX CO COM 189054109 6,297 53,734 SH DEFINED 1,2 53,734
COASTAL CORP COM 190441105 3,279 99,374 SH DEFINED 1,2 99,374
COCA COLA CO COM 191216100 70,897 1,155,114 SH DEFINED 1,2 1,155,114
COCA-COLA ENTERPRISES COM 191219104 5,460 180,500 SH DEFINED 1,2 180,500
COLGATE-PALMOLIVE CO COM 194162103 12,629 137,274 SH DEFINED 1,2 137,274
COLUMBIA ENERGY GROUP COM 197648108 2,033 38,908 SH DEFINED 1,2 38,908
COLUMBIA HEALTHCARE CORP COM 197677107 5,709 301,461 SH DEFINED 1,2 301,461
COMCAST CORP CL A 200300101 351 5,700 SH DEFINED 1,2 5,700
COMCAST CORP CL A SPL 200300200 10,893 173,082 SH DEFINED 1,2 173,082
COMERICA INC COM 200340107 4,533 72,600 SH DEFINED 1,2 72,600
COMMSCOPE INC COM COM 203372107 421 20,098 SH DEFINED 1,2 20,098
COMPANIA ANONIMA NACIONAL SPN ADR 7D 204421101 762 42,000 SH DEFINED 42,000
COMPAQ COMPUTER CORP COM 204493100 24,930 786,751 SH DEFINED 1,2 786,751
COMPUTER ASSOCIATES INTL COM 204912109 8,975 252,373 SH DEFINED 1,2 252,373
COMPUTER SCIENCES COM 205363104 4,089 74,084 SH DEFINED 1,2 74,084
COMPUWARE CORP COM 205638109 4,056 169,900 SH DEFINED 1,2 169,900
CONAGRA INC COM 205887102 5,835 228,248 SH DEFINED 1,2 228,248
CONSECO INC COM 208464107 4,592 148,742 SH DEFINED 1,2 148,742
CONSOLIDATED EDISON INC COM 209115104 4,936 108,936 SH DEFINED 1,2 108,936
CONSOLIDATED NATURAL GAS COM 209615103 2,186 44,902 SH DEFINED 1,2 44,902
CONSOLIDATED STORES CORP COM 210149100 1,546 51,000 SH DEFINED 1,2 51,000
CONTROLADORA COMERCIAL ME GDR 21238A206 288 14,700 SH DEFINED 14,700
COOPER INDUSTRIES INC COM 216669101 2,072 48,615 SH DEFINED 1,2 48,615
COOPER TIRE & RUBBER CO COM 216831107 651 35,416 SH DEFINED 1,2 35,416
COORS ADOLPH CL B 217016104 921 17,055 SH DEFINED 1,2 17,055
CORN PRODUCTS INTL INC COM 219023108 385 16,071 SH DEFINED 1,2 16,071
CORNING INC COM 219350105 6,498 108,297 SH DEFINED 1,2 108,297
COSTCO COS INC COM COM 22160Q102 9,313 101,715 SH DEFINED 1,2 101,715
COUNTRYWIDE CREDIT COM 222372104 1,954 52,100 SH DEFINED 1,2 52,100
COVANCE INC COM COM 222816100 597 23,823 SH DEFINED 1,2 23,823
COVER-ALL TECHNOLOGIES IN COM 222892101 3,250 1,238,273 SH DEFINED 1,2 1,238,273
COX COMMUNICATIONS INC CL A 224044107 2,464 32,578 SH DEFINED 1,2 32,578
CRANE CORP COM 224399105 775 32,051 SH DEFINED 1,2 32,051
CROWN CORK & SEAL INC COM 228255105 1,636 57,277 SH DEFINED 1,2 57,277
CSX CORPORATION COM 126408103 3,971 101,990 SH DEFINED 1,2 101,990
CUMMINS ENGINE CO COM 231021106 694 19,504 SH DEFINED 1,2 19,504
CVS CORP COM COM 126650100 8,678 182,688 SH DEFINED 1,2 182,688
CYPRUS AMAX MINERALS COM 232809103 518 42,698 SH DEFINED 1,2 42,698
DANA CORP COM 235811106 2,936 77,264 SH DEFINED 1,2 77,264
DANAHER CORPORATION COM 235851102 3,281 62,800 SH DEFINED 1,2 62,800
DARDEN RESTAURANTS INC COM 237194105 1,341 65,040 SH DEFINED 1,2 65,040
DATA GENERAL CORP COM 237688106 235 23,205 SH DEFINED 1,2 23,205
DAYTON HUDSON CORP COM 239753106 13,750 206,376 SH DEFINED 1,2 206,376
DEERE & CO COM 244199105 4,307 111,505 SH DEFINED 1,2 111,505
DELL COMPUTER COM 247025109 48,715 1,191,800 SH DEFINED 1,2 1,191,800
DELTA AIRLINES INC COM 247361108 4,643 66,810 SH DEFINED 1,2 66,810
DELUXE CHECK PRINTERS INC COM 248019101 1,091 37,471 SH DEFINED 1,2 37,471
DEVON ENERGY CORP COM 251799102 526 19,073 SH DEFINED 1,2 19,073
DILLARD'S INC CL A 254067101 1,268 49,982 SH DEFINED 1,2 49,982
DISNEY WALT PRODUCTIONS COM 254687106 29,781 956,812 SH DEFINED 1,2 956,812
DOLLAR GENERAL COM 256669102 2,838 83,475 SH DEFINED 1,2 83,475
DOMINION RES INC VIRGINIA COM 257470104 3,368 91,171 SH DEFINED 1,2 91,171
DONNELLY, R.R. & SONS CO. COM 257867101 2,064 64,134 SH DEFINED 1,2 64,134
DOVER CORP COM 260003108 3,440 104,648 SH DEFINED 1,2 104,648
DOW CHEMICAL CO COM 260543103 9,640 103,449 SH DEFINED 1,2 103,449
DOW JONES COM 260561105 2,070 43,878 SH DEFINED 1,2 43,878
DTE ENERGY CO COM 233331107 2,605 67,777 SH DEFINED 1,2 67,777
DUKE ENERGY CORP COM 264399106 9,233 169,026 SH DEFINED 1,2 169,026
DUN & BRADSTREET CORP COM 26483B106 2,795 78,461 SH DEFINED 1,2 78,461
E G & G INC COM 268457108 549 20,799 SH DEFINED 1,2 20,799
E M C CORP MASS COM 268648102 29,996 234,800 SH DEFINED 1,2 234,800
E.I. DUPONT DE NEMOURS & COM 263534109 30,485 525,030 SH DEFINED 1,2 525,030
EARTHGRAINS CO COM 270319106 350 15,784 SH DEFINED 1,2 15,784
EASTERN ENTERPRISES COM 27637F100 379 10,425 SH DEFINED 1,2 10,425
EASTMAN CHEMICAL CO.,INC. COM 277432100 1,608 38,199 SH DEFINED 1,2 38,199
EASTMAN KODAK CO. COM 277461109 9,671 151,398 SH DEFINED 1,2 151,398
EATON CORP COM 278058102 2,383 33,330 SH DEFINED 1,2 33,330
ECHOSTAR COMMUNICATIONS C CL A 278762109 1,102 13,500 SH DEFINED 1,2 13,500
ECOLAB COM 278865100 2,156 60,740 SH DEFINED 1,2 60,740
EDISON INTERNATIONAL COM 281020107 3,671 164,968 SH DEFINED 1,2 164,968
EL PASO ENERGY CORP DEL C COM 283905107 2,507 76,704 SH DEFINED 1,2 76,704
ELECTRONIC DATA SYS CORP COM 285661104 11,203 230,100 SH DEFINED 1,2 230,100
EMBOTELLADORA ANDINA S A SPND ADR A 29081P204 491 32,125 SH DEFINED 32,125
EMERSON ELECTRIC CO COM 291011104 10,811 204,224 SH DEFINED 1,2 204,224
EMPRESAS ICA S.A. -SPONS SPONS ADR 292448107 403 77,000 SH DEFINED 77,000
ENGELHARD CORP COM 292845104 1,134 66,946 SH DEFINED 1,2 66,946
ENRON CORP. COM 293561106 9,920 154,396 SH DEFINED 1,2 154,396
ENTERGY CORP. (NEW) COM 29364G103 3,168 115,196 SH DEFINED 1,2 115,196
EQUIFAX INC COM 294429105 2,379 69,200 SH DEFINED 1,2 69,200
EXCEL INDS INC COM 300657103 10,994 584,395 SH DEFINED 1,2 584,395
EXXON CORP COM 302290101 80,153 1,135,892 SH DEFINED 1,2 1,135,892
FANNIE MAE COM 313586109 33,484 483,528 SH DEFINED 1,2 483,528
FDX CORP HOLDING CO COM 31304N107 6,395 68,901 SH DEFINED 1,2 68,901
FEDERATED DEPT STORES INC COM 31410H101 3,908 97,400 SH DEFINED 1,2 97,400
FIFTH THIRD BANCORP COM 316773100 8,216 124,600 SH DEFINED 1,2 124,600
FINOVA GROUP INC COM COM 317928109 398 7,672 SH DEFINED 1,2 7,672
FIRST DATA CORP COM 319963104 8,845 206,900 SH DEFINED 1,2 206,900
FIRST UNION CORP COM 337358105 24,666 461,583 SH DEFINED 1,2 461,583
FIRSTAR CORP COM COM 33763V109 9,514 106,300 SH DEFINED 1,2 106,300
FIRSTENERGY CORP COM 337932107 3,089 110,555 SH DEFINED 1,2 110,555
FLEET FINANCIAL CORPORATI COM 338915101 9,986 265,396 SH DEFINED 1,2 265,396
FLEETWOOD ENTERPRISES INC COM 339099103 470 16,416 SH DEFINED 1,2 16,416
FLUOR CORP COM 343861100 955 35,373 SH DEFINED 1,2 35,373
FMC CORP COM NEW 302491303 766 15,507 SH DEFINED 1,2 15,507
FOMENTO ECON MEXICANO UBD SPND ADR F 344419106 867 28,000 SH DEFINED 28,000
FORD MOTOR CO DEL COM 345370100 32,020 564,226 SH DEFINED 1,2 564,226
FORT JAMES CORP COM 347471104 3,279 103,467 SH DEFINED 1,2 103,467
FORTUNE BRANDS INC COM 349631101 3,093 79,945 SH DEFINED 1,2 79,945
FOSTER WHEELER COM 350244109 231 19,029 SH DEFINED 1,2 19,029
FPL GROUP INC COM 302571104 4,504 84,576 SH DEFINED 1,2 84,576
FRANKLIN RESOURCES COM 354613101 3,324 118,200 SH DEFINED 1,2 118,200
FREDDIE MAC COM 313400301 18,169 318,048 SH DEFINED 1,2 318,048
FREEPORT MCMORAN COPPER + CL B 35671D857 846 77,800 SH DEFINED 1,2 77,800
FRONTIER CORP COM COM 35906P105 4,166 80,300 SH DEFINED 1,2 80,300
FRUIT OF TH LOOM, LTD CL ORD CL A G3682L105 349 33,600 SH DEFINED 1,2 33,600
GANNETT CO COM 364730101 8,353 132,614 SH DEFINED 1,2 132,614
GAP, INC. COM 364760108 18,089 268,735 SH DEFINED 1,2 268,735
GATEWAY 2000 INC COM 367833100 5,026 73,300 SH DEFINED 1,2 73,300
GENER SA ADS (1 COM NPV) SPONS ADR 368731105 1,290 70,500 SH DEFINED 70,500
GENERAL COMMUNICATION I-C CL A 369385109 768 168,399 SH DEFINED 1,2 168,399
GENERAL DYNAMICS CORP COM 369550108 3,802 59,168 SH DEFINED 1,2 59,168
GENERAL ELECTRIC CO COM 369604103 169,911 1,535,862 SH DEFINED 1,2 1,535,862
GENERAL INSTRUMENT CORP COM 370120107 2,370 78,200 SH DEFINED 1,2 78,200
GENERAL MILLS INC COM 370334104 5,421 71,740 SH DEFINED 1,2 71,740
GENERAL MOTORS CORP COM 370442105 26,531 305,393 SH DEFINED 1,2 305,393
GENERAL SEMICONDUCTOR INC COM 370787103 109 15,075 SH DEFINED 1,2 15,075
GENUINE PARTS COMPANY COM 372460105 2,497 86,678 SH DEFINED 1,2 86,678
GEORGIA-PACIFIC CORP (GRO COM GP GRP 373298108 3,046 41,025 SH DEFINED 1,2 41,025
GILLETTE CO. COM 375766102 30,883 519,592 SH DEFINED 1,2 519,592
GOLDEN WEST FINANCIAL COM 381317106 2,549 26,693 SH DEFINED 1,2 26,693
GOODRICH B F CO COM 382388106 1,186 34,576 SH DEFINED 1,2 34,576
GOODYEAR TIRE & RUBBER CO COM 382550101 3,626 72,792 SH DEFINED 1,2 72,792
GPU INC COM 36225X100 2,235 59,900 SH DEFINED 1,2 59,900
GRACE WR & CO COM 38388F108 416 34,333 SH DEFINED 1,2 34,333
GRAINGER W W INC COM 384802104 1,909 44,330 SH DEFINED 1,2 44,330
GREAT ATLANTIC & PACIFIC COM 390064103 540 17,990 SH DEFINED 1,2 17,990
GREAT LAKES CHEMICAL COM 390568103 1,013 27,554 SH DEFINED 1,2 27,554
GRUPO TELEVISA ADR (REP SPN ADR RE 40049J206 877 28,000 SH DEFINED 28,000
GTE CORP COM 362320103 27,219 449,907 SH DEFINED 1,2 449,907
GUIDANT CORP COM 401698105 8,543 141,200 SH DEFINED 1,2 141,200
H&R BLOCK COM 093671105 2,171 45,834 SH DEFINED 1,2 45,834
HALLIBURTON COM 406216101 7,903 205,282 SH DEFINED 1,2 205,282
HARCOURT GENNC COM 41163G101 1,467 33,099 SH DEFINED 1,2 33,099
HARNISCHFEGER INDUSTRIES COM 413345109 129 22,745 SH DEFINED 1,2 22,745
HARRAHS ENTMT INC COM 413619107 1,099 57,672 SH DEFINED 1,2 57,672
HARRIS CORP COM 413875105 1,067 37,274 SH DEFINED 1,2 37,274
HARTFORD FIN SERV GRP INC COM 416515104 6,621 116,522 SH DEFINED 1,2 116,522
HASBRO INC. COM 418056107 2,655 91,765 SH DEFINED 1,2 91,765
HCR MANOR CARE, INC COM 404134108 1,165 51,087 SH DEFINED 1,2 51,087
HEALTHSOUTH REHABILITATIO COM 421924101 2,049 197,500 SH DEFINED 1,2 197,500
HEINZ HJ CO COM 423074103 8,048 169,872 SH DEFINED 1,2 169,872
HELMERICH & PAYNE COM 423452101 533 23,512 SH DEFINED 1,2 23,512
HERCULES INC COM 427056106 1,184 46,893 SH DEFINED 1,2 46,893
HERSHEY FOODS CORP COM 427866108 3,755 67,056 SH DEFINED 1,2 67,056
HEWLETT PACKARD CO COM 428236103 32,215 475,056 SH DEFINED 1,2 475,056
HILTON HOTELS CORP COM 432848109 1,709 121,516 SH DEFINED 1,2 121,516
HOME DEPOT COM 437076102 43,130 692,852 SH DEFINED 1,2 692,852
HOMESTAKE MINING CO COM 437614100 958 111,026 SH DEFINED 1,2 111,026
HONEYWELL INC COM 438506107 4,454 58,756 SH DEFINED 1,2 58,756
HOST MARRIOTT CORP (REIT) COM 44107P104 165 14,814 SH DEFINED 1,2 14,814
HOUSEHOLD INTERNATIONAL,I COM 441815107 10,291 225,565 SH DEFINED 1,2 225,565
HUMANA INC COM 444859102 1,347 78,100 SH DEFINED 1,2 78,100
HUNTINGTON BANCSHARES INC COM 446150104 3,056 98,770 SH DEFINED 1,2 98,770
IKON OFFICE SOLUTIONS, IN COM 451713101 869 67,826 SH DEFINED 1,2 67,826
ILLINOIS TOOL WORKS INC. COM 452308109 7,224 116,748 SH DEFINED 1,2 116,748
IMS HEALTH INC COM COM 449934108 5,175 156,222 SH DEFINED 1,2 156,222
INCO LTD COM 453258402 1,034 77,689 SH DEFINED 1,2 77,689
INDIA FUND INC. USD0.001 COM 454089103 3,815 408,800 SH DEFINED 408,800
INGERSOLL RAND CO COM 456866102 3,820 76,968 SH DEFINED 1,2 76,968
INTEL CORP. COM 458140100 92,966 782,023 SH DEFINED 1,2 782,023
INTERNATIONAL BUSINESS MA COM 459200101 76,942 434,078 SH DEFINED 1,2 434,078
INTERNATIONAL PAPER CO COM 460146103 6,056 143,555 SH DEFINED 1,2 143,555
INTERPUBLIC GROUP COS INC COM 460690100 5,077 65,200 SH DEFINED 1,2 65,200
INTL FLAVORS & FRAGRANCES COM 459506101 1,863 49,598 SH DEFINED 1,2 49,598
ITT INDUSTRIES,INC. COM 450911102 1,723 48,711 SH DEFINED 1,2 48,711
JEFFERSON PILOT COM 475070108 3,360 49,593 SH DEFINED 1,2 49,593
JOHN H HARLAND COM 412693103 182 14,032 SH DEFINED 1,2 14,032
JOHNSON & JOHNSON COM 478160104 59,080 630,612 SH DEFINED 1,2 630,612
JOHNSON CONTROLS INC COM 478366107 2,476 39,700 SH DEFINED 1,2 39,700
JOSTENS INC COM 481088102 356 16,733 SH DEFINED 1,2 16,733
K MART CORP COM 482584109 3,868 230,076 SH DEFINED 1,2 230,076
KAUFMAN & BROAD HOME CORP COM 486168107 493 21,868 SH DEFINED 1,2 21,868
KELLOGG CO COM 487836108 6,430 190,164 SH DEFINED 1,2 190,164
KERR MCGEE COM 492386107 1,329 40,500 SH DEFINED 1,2 40,500
KEYCORP COM 493267108 6,435 212,292 SH DEFINED 1,2 212,292
KIMBERLY CLARK CORP COM 494368103 12,193 254,352 SH DEFINED 1,2 254,352
KING WORLD PROD COM 495667107 1,042 34,102 SH DEFINED 1,2 34,102
KINROSS GOLD CORP COM 496902107 74 36,440 SH DEFINED 1,2 36,440
KLA INSTRUMENTS COM 482480100 1,976 40,700 SH DEFINED 1,2 40,700
KNIGHT RIDDER NEWSPAPERS COM 499040103 1,834 36,674 SH DEFINED 1,2 36,674
KOHLS CORP COM 500255104 5,259 74,200 SH DEFINED 1,2 74,200
KROGER CO COM 501044101 7,191 120,098 SH DEFINED 1,2 120,098
L S I LOGIC CORP COM 502161102 2,058 66,000 SH DEFINED 1,2 66,000
LABORATORIO CHILE ADR (RE ADR 50540H104 250 16,000 SH DEFINED 16,000
LAIDLAW INC COM 50730K503 896 154,200 SH DEFINED 1,2 154,200
LAN CHILE S.A. ADR SPONS ADR 501723100 425 92,700 SH DEFINED 92,700
LEHMAN BROTHERS HLDGS INC COM 524908100 3,205 53,640 SH DEFINED 1,2 53,640
LILLY ELI & CO COM 532457108 43,705 514,936 SH DEFINED 1,2 514,936
LIMITED THE COM 532716107 4,217 106,424 SH DEFINED 1,2 106,424
LINCOLN NATIONAL CORP COM 534187109 4,862 49,170 SH DEFINED 1,2 49,170
LIZ CLAIBORNE INC COM 539320101 988 30,283 SH DEFINED 1,2 30,283
LOCKHEED MARTIN CORP COM 539830109 6,912 183,414 SH DEFINED 1,2 183,414
LOEWS CORP COM 540424108 4,343 58,200 SH DEFINED 1,2 58,200
LONGS DRUG STORE COM 543162101 551 18,110 SH DEFINED 1,2 18,110
LOUISIANA PACIFIC CORP COM 546347105 947 50,852 SH DEFINED 1,2 50,852
LOWES COMPANIES INC COM 548661107 9,960 164,632 SH DEFINED 1,2 164,632
LTV CORP. COM 501921100 61 11,374 SH DEFINED 1,2 11,374
LUCENT TECHNOLOGIES INC COM 549463107 66,647 618,528 SH DEFINED 1,2 618,528
MALLINCKRODT INC NEW COM 561232109 892 33,507 SH DEFINED 1,2 33,507
MARRIOTT INTL CLASS A CL A 571903202 4,536 134,896 SH DEFINED 1,2 134,896
MARSH & MCLENNAN COM 571748102 8,903 120,004 SH DEFINED 1,2 120,004
MASCO CORP COM 574599106 4,478 158,500 SH DEFINED 1,2 158,500
MATAV RT-SPONSORED ADR SPONS ADR 559776109 753 28,140 SH DEFINED 28,140
MATTEL INC COM 577081102 3,346 134,520 SH DEFINED 1,2 134,520
MAY DEPT STORES CO COM 577778103 6,398 163,536 SH DEFINED 1,2 163,536
MAYTAG COMPANY COM 578592107 2,543 42,125 SH DEFINED 1,2 42,125
MBIA, INC. COM 55262C100 2,691 46,400 SH DEFINED 1,2 46,400
MBNA CORP COM 55262L100 8,908 373,130 SH DEFINED 1,2 373,130
MCDERMOTT INTERNATIONAL I COM 580037109 699 27,597 SH DEFINED 1,2 27,597
MCDONALDS CORP COM 580135101 28,611 631,412 SH DEFINED 1,2 631,412
MCGRAW HILL INC COM 580645109 5,014 91,996 SH DEFINED 1,2 91,996
MCI WORLDCOM INC COM COM 55268B106 68,499 773,449 SH DEFINED 1,2 773,449
MCKESSON HBOC, INC. COM 58155Q103 8,182 123,968 SH DEFINED 1,2 123,968
MEAD CORP. COM 582834107 1,476 48,010 SH DEFINED 1,2 48,010
MEDIAONE GROUP,INC COM 58440J104 18,005 283,539 SH DEFINED 1,2 283,539
MEDTRONIC COM 585055106 19,600 273,172 SH DEFINED 1,2 273,172
MELLON BANK CORP COM 585509102 8,581 121,926 SH DEFINED 1,2 121,926
MERCANTILE BANCORP COM 587342106 3,487 73,400 SH DEFINED 1,2 73,400
MERCK & COMPANY COM 589331107 89,597 1,117,290 SH DEFINED 1,2 1,117,290
MEREDITH CORP COM 589433101 774 24,616 SH DEFINED 1,2 24,616
MERRILL LYNCH & CO INC COM 590188108 14,701 166,208 SH DEFINED 1,2 166,208
MEYER FRED INC DEL NEW CO COM 592907109 4,251 72,200 SH DEFINED 1,2 72,200
MGIC INVT CORP WIS COM 552848103 1,792 51,100 SH DEFINED 1,2 51,100
MICRON TECHNOLOGY INC COM 595112103 5,587 115,800 SH DEFINED 1,2 115,800
MICROSOFT CORP COM 594918104 211,418 2,358,824 SH DEFINED 1,2 2,358,824
MILACRON INC COM 598709103 285 18,080 SH DEFINED 1,2 18,080
MILLIPORE CORP COM 601073109 497 20,608 SH DEFINED 1,2 20,608
MINNESOTA MINING & MANUFA COM 604059105 13,259 187,402 SH DEFINED 1,2 187,402
MIRAGE RESORTS, INC COM 60462E104 1,789 84,200 SH DEFINED 1,2 84,200
MOBIL CORP COM 607059102 31,995 363,582 SH DEFINED 1,2 363,582
MONSANTO COMPANY COM 611662107 13,420 292,130 SH DEFINED 1,2 292,130
MOORE CORP LTD COM 615785102 410 41,532 SH DEFINED 1,2 41,532
MORGAN STANLEY DEAN WITTE COM NEW 617446448 26,954 269,705 SH DEFINED 1,2 269,705
MORGAN, J.P., & CO., INC COM 616880100 10,085 81,741 SH DEFINED 1,2 81,741
MORTON INTL INC IND NEW C COM 619335102 2,090 56,876 SH DEFINED 1,2 56,876
MOTOROLA INC COM 620076109 20,527 280,236 SH DEFINED 1,2 280,236
N L INDUSTRIES COM NEW 629156407 175 19,412 SH DEFINED 1,2 19,412
NACCO INDUSTRIES INC CL A 629579103 277 3,734 SH DEFINED 1,2 3,734
NALCO CHEMICAL COM 629853102 812 30,566 SH DEFINED 1,2 30,566
NATIONAL CITY CORP COM 635405103 10,213 153,850 SH DEFINED 1,2 153,850
NATIONAL SEMICONDUCTOR CO COM 637640103 722 77,533 SH DEFINED 1,2 77,533
NATIONAL SERVICE INDUSTRY COM 637657107 664 19,485 SH DEFINED 1,2 19,485
NAVISTAR INTL COM 63934E108 1,266 31,491 SH DEFINED 1,2 31,491
NEW CENTY ENERGIES INC COM 64352U103 1,819 53,400 SH DEFINED 1,2 53,400
NEW YORK TIMES CL A CL A 650111107 2,433 85,370 SH DEFINED 1,2 85,370
NEWMONT MINING COM 651639106 1,362 77,823 SH DEFINED 1,2 77,823
NEWPORT NEWS SHIPBUILDING COM 652228107 441 13,919 SH DEFINED 1,2 13,919
NEXTEL COMMUNICATIONS INC CL A 65332V103 4,911 134,100 SH DEFINED 1,2 134,100
NICOR INC COM 654086107 800 22,248 SH DEFINED 1,2 22,248
NIELSEN MEDIA RESEARCH COM NEW 653929307 631 25,552 SH DEFINED 1,2 25,552
NIKE INC CL B 654106103 7,620 132,096 SH DEFINED 1,2 132,096
NORDSTROM INC COM 655664100 2,733 66,854 SH DEFINED 1,2 66,854
NORFOLK SOUTHERN CORP COM 655844108 4,668 176,991 SH DEFINED 1,2 176,991
NORTHERN STATES POWER CO COM 665772109 1,652 71,254 SH DEFINED 1,2 71,254
NORTHERN TELECOM LTD INC COM 665815106 18,235 293,586 SH DEFINED 1,2 293,586
NORTHERN TRUST COM 665859104 4,609 51,900 SH DEFINED 1,2 51,900
NORTHROP GRUMMAN CORP COM 666807102 1,922 32,095 SH DEFINED 1,2 32,095
NOVELL INC COM 670006105 4,000 158,792 SH DEFINED 1,2 158,792
NUCOR CORP COM 670346105 1,800 40,846 SH DEFINED 1,2 40,846
OCCIDENTAL PETROLEUM CORP COM 674599105 2,916 161,976 SH DEFINED 1,2 161,976
OMNICOM GROUP COM 681919106 6,323 79,100 SH DEFINED 1,2 79,100
ONEOK INC NEW COM COM 682680103 366 14,802 SH DEFINED 1,2 14,802
ORACLE CORPORATION COM 68389X105 17,820 675,628 SH DEFINED 1,2 675,628
OWENS CORNING COM 69073F103 811 25,490 SH DEFINED 1,2 25,490
OWENS ILL INC COM NEW 690768403 1,818 72,700 SH DEFINED 1,2 72,700
P P + L RES INC COM 693499105 1,757 71,000 SH DEFINED 1,2 71,000
PACCAR INC COM 693718108 1,502 36,476 SH DEFINED 1,2 36,476
PACIFICORP COM 695114108 2,395 138,838 SH DEFINED 1,2 138,838
PALL CORP COM 696429307 959 57,873 SH DEFINED 1,2 57,873
PARAMETRIC TECHNOLOGY COM 699173100 2,522 127,700 SH DEFINED 1,2 127,700
PARKER HANNIFIN COM 701094104 1,742 50,852 SH DEFINED 1,2 50,852
PAYCHEX INC COM 704326107 3,634 76,600 SH DEFINED 1,2 76,600
PAYLESS SHOESOURCE INC COM 704379106 720 15,475 SH DEFINED 1,2 15,475
PECO ENERGY CO COM 693304107 4,980 107,673 SH DEFINED 1,2 107,673
PENNEY J C INC COM 708160106 4,940 121,966 SH DEFINED 1,2 121,966
PEOPLES ENERGY CORP COM 711030106 537 16,620 SH DEFINED 1,2 16,620
PEOPLESOFT COM 712713106 1,599 109,300 SH DEFINED 1,2 109,300
PEP BOYS MANNY MOE & JACK COM 713278109 390 25,577 SH DEFINED 1,2 25,577
PEPSICO INC COM 713448108 26,932 687,252 SH DEFINED 1,2 687,252
PERKIN ELMER CORP COM 714041100 2,273 23,420 SH DEFINED 1,2 23,420
PETRO CANADA COM/VARIBL 71644E102 363 30,000 SH DEFINED 30,000
PFIZER INC COM 717081103 84,374 608,088 SH DEFINED 1,2 608,088
PG+E CORPORATION COM 69331C108 5,554 178,794 SH DEFINED 1,2 178,794
PHARMACIA & UPJOHN INC COM 716941109 14,801 237,289 SH DEFINED 1,2 237,289
PHELPS DODGE CORP COM 717265102 1,335 27,097 SH DEFINED 1,2 27,097
PHILIP MORRIS COS INC COM 718154107 40,099 1,139,577 SH DEFINED 1,2 1,139,577
PHILLIPS PETROLEUM CO COM 718507106 5,622 118,987 SH DEFINED 1,2 118,987
PHLIPPINE LONG DIST ADR P SPONS ADR 718252604 388 15,000 SH DEFINED 15,000
PIONEER HI BRED INTL INC COM 723686101 4,246 112,840 SH DEFINED 1,2 112,840
PITNEY BOWES INC COM 724479100 8,156 127,936 SH DEFINED 1,2 127,936
PLACER DOME COM 725906101 1,306 116,770 SH DEFINED 1,2 116,770
PNC BANK CORP COM 693475105 7,808 140,524 SH DEFINED 1,2 140,524
POGO PRODUCING CO COM 730448107 3,790 273,171 SH DEFINED 1,2 273,171
POLAROID CORP COM 731095105 412 20,517 SH DEFINED 1,2 20,517
POTLATCH CORP COM 737628107 458 13,493 SH DEFINED 1,2 13,493
PPG INDUSTRIES, INC. COM 693506107 4,245 82,822 SH DEFINED 1,2 82,822
PRAXAIR INC COM 74005P104 2,662 73,804 SH DEFINED 1,2 73,804
PROCTOR AND GAMBLE CO COM 742718109 60,879 621,608 SH DEFINED 1,2 621,608
PROGRESSIVE CORP OHIO COM 743315103 4,836 33,700 SH DEFINED 1,2 33,700
PROVIDENT COS INC COM COM 743862104 2,184 63,200 SH DEFINED 1,2 63,200
PROVIDIAN FINL CORP COM 74406A102 7,318 66,529 SH DEFINED 1,2 66,529
PUBLIC SERVICE ENTERPRISE COM 744573106 3,990 104,494 SH DEFINED 1,2 104,494
PULTE CORP COM 745867101 425 20,414 SH DEFINED 1,2 20,414
QUAKER OATS COM 747402105 4,002 63,976 SH DEFINED 1,2 63,976
QUEST DIAGNOSTICS INC COM COM 74834L100 265 11,910 SH DEFINED 1,2 11,910
QUIMICA Y MINERA ADR (REP SPON ADR B 833635105 1,386 43,700 SH DEFINED 43,700
RALSTON-RALSTON PURINA GR COM RP GRP 751277302 4,070 152,495 SH DEFINED 1,2 152,495
RAYCHEM CORP COM 754603108 832 36,890 SH DEFINED 1,2 36,890
RAYTHEON CO CLASS B CL B 755111408 9,245 157,702 SH DEFINED 1,2 157,702
REEBOK INTL LTD COM 758110100 420 26,443 SH DEFINED 1,2 26,443
REGIONS FINL CORP COM 758940100 3,573 103,200 SH DEFINED 1,2 103,200
RELIANT ENERGY INC COM 75952J108 3,471 133,174 SH DEFINED 1,2 133,174
REPUBLIC N Y CORP COM 760719104 2,311 50,100 SH DEFINED 1,2 50,100
REYNOLDS METAL CO COM 761763101 1,463 30,275 SH DEFINED 1,2 30,275
RH DONNELLY CORP COM NEW 74955W307 249 16,131 SH DEFINED 1,2 16,131
RITE AID CORP COM 767754104 3,018 120,732 SH DEFINED 1,2 120,732
RJR NABISCO HLDGS CORP CO COM NEW 74960K876 3,745 149,800 SH DEFINED 1,2 149,800
ROCKWELL INTL CORP NEW CO COM 773903109 3,788 89,256 SH DEFINED 1,2 89,256
ROHM & HAAS CO COM 775371107 2,620 78,072 SH DEFINED 1,2 78,072
ROWAN COS INC COM 779382100 499 39,303 SH DEFINED 1,2 39,303
ROYAL BANK OF CANADA COM 780087102 991 21,100 SH DEFINED 21,100
ROYAL DUTCH PETROLEUM NY GLD1.25 780257804 60,912 1,167,284 SH DEFINED 1,2 1,167,284
RUSSELL CORP COM 782352108 341 16,925 SH DEFINED 1,2 16,925
RYDER SYSTEM INC COM 783549108 928 33,586 SH DEFINED 1,2 33,586
RYERSON TULL, INC COM 78375P107 338 23,021 SH DEFINED 1,2 23,021
SAFECO CORP COM 786429100 2,574 63,644 SH DEFINED 1,2 63,644
SAFETY-KLEEN CORP NEW COM COM NEW 78648R203 246 18,588 SH DEFINED 1,2 18,588
SAFEWAY INC COM NEW 786514208 11,699 228,000 SH DEFINED 1,2 228,000
SARA LEE COM 803111103 10,610 428,668 SH DEFINED 1,2 428,668
SBC COMMUNICATIONS INC COM 78387G103 43,152 915,694 SH DEFINED 1,2 915,694
SCHERING PLOUGH CORP COM 806605101 38,048 687,876 SH DEFINED 1,2 687,876
SCHLUMBERGER LTD COM 806857108 15,340 254,872 SH DEFINED 1,2 254,872
SCHWAB CHARLES CORP COM 808513105 18,076 188,050 SH DEFINED 1,2 188,050
SCIENTIFIC ATLANTA COM 808655104 955 35,032 SH DEFINED 1,2 35,032
SEAGATE TECHNOLOGY COM 811804103 3,385 114,500 SH DEFINED 1,2 114,500
SEAGRAM CO LTD COM 811850106 9,377 187,672 SH DEFINED 1,2 187,672
SEALED AIR COR CONV PFD S PFD CV A$2 81211K209 817 16,497 SH DEFINED 1,2 16,497
SEALED AIR CORP COM 81211K100 1,924 39,115 SH DEFINED 1,2 39,115
SEARS ROEBUCK & CO. USD0. COM 812387108 8,092 179,068 SH DEFINED 1,2 179,068
SEMPRA ENERGY COM 816851109 2,176 113,432 SH DEFINED 1,2 113,432
SERVICE CORP., INTERNATIO COM 817565104 1,803 126,522 SH DEFINED 1,2 126,522
SHARED MEDICAL SYSTEM COR COM 819486101 688 12,362 SH DEFINED 1,2 12,362
SHERWIN WILLIAMS CO COM 824348106 2,257 80,238 SH DEFINED 1,2 80,238
SIGMA-ALDRICH COM 826552101 1,378 47,100 SH DEFINED 1,2 47,100
SILICON GRAPHICS COM 827056102 1,463 87,700 SH DEFINED 1,2 87,700
SLM HLDG CORP COM COM 78442A109 3,244 77,700 SH DEFINED 1,2 77,700
SNAP-ON, INC. COM 833034101 797 27,473 SH DEFINED 1,2 27,473
SOLECTRON CORP COM 834182107 5,643 116,200 SH DEFINED 1,2 116,200
SONAT COM 835415100 1,541 51,356 SH DEFINED 1,2 51,356
SOUTHERN CO COM 842587107 7,594 325,732 SH DEFINED 1,2 325,732
SOUTHTRUST CORP COM 844730101 2,735 73,300 SH DEFINED 1,2 73,300
SOUTHWEST AIRLINES COM 844741108 4,768 157,625 SH DEFINED 1,2 157,625
SPDR TR UNIT SER 1 78462F103 2,168 16,882 SH DEFINED 1,2 16,882
SPRINGS INDUSTRIES CL A 851783100 230 8,481 SH DEFINED 1,2 8,481
SPRINT CORP COM FON GR 852061100 21,567 219,786 SH DEFINED 1,2 219,786
SPRINT CORP (PCS GROUP) PCS COM S1 852061506 9,314 210,193 SH DEFINED 1,2 210,193
ST JUDE MEDICAL COM 790849103 958 39,315 SH DEFINED 1,2 39,315
ST PAUL COMPANIES COM 792860108 3,417 110,014 SH DEFINED 1,2 110,014
STANLEY WORKS COM 854616109 1,066 41,612 SH DEFINED 1,2 41,612
STAPLES INC COM 855030102 7,104 216,100 SH DEFINED 1,2 216,100
STATE STREET CORP COM 857477103 6,164 75,000 SH DEFINED 1,2 75,000
SUMMIT BANCORP COM COM 866005101 3,163 81,100 SH DEFINED 1,2 81,100
SUN MICROSYSTEMS INC COM 866810104 22,505 179,952 SH DEFINED 1,2 179,952
SUN TRUST BANKS INC COM 867914103 8,977 144,204 SH DEFINED 1,2 144,204
SUNOCO, INC. COM 86764P109 1,580 43,803 SH DEFINED 1,2 43,803
SUPER VALU STORES INC COM 868536103 1,161 56,306 SH DEFINED 1,2 56,306
SYNOVUS FINL CORP COM 87161C105 2,561 125,300 SH DEFINED 1,2 125,300
SYSCO CORP COM 871829107 4,124 156,720 SH DEFINED 1,2 156,720
TALISMAN ENERGY INC. COM 87425E103 1,024 46,000 SH DEFINED 46,000
TANDY CORP COM 875382103 2,958 46,350 SH DEFINED 1,2 46,350
TEKTRONIX INC COM 879131100 559 22,123 SH DEFINED 1,2 22,123
TELEBRAS HOLDERS ADR SPONS ADR 879287308 1,981 24,500 SH DEFINED 24,500
TELEFONICA DE PERU-SPON A SPN ADR B 879384105 537 42,000 SH DEFINED 42,000
TELEFONOS DE MEXICO SA SP ADR REP 879403780 6,699 101,500 SH DEFINED 101,500
TELLABS INC COM 879664100 8,905 91,100 SH DEFINED 1,2 91,100
TEMPLE INLAND INC COM 879868107 1,629 25,956 SH DEFINED 1,2 25,956
TENET HEALTHCARE CORP COM 88033G100 2,739 144,626 SH DEFINED 1,2 144,626
TENNECO INC NEW COM COM 88037E101 2,218 79,395 SH DEFINED 1,2 79,395
TEVA PHARMACEUTICALS INDS ADR 881624209 977 20,560 SH DEFINED 20,560
TEXACO INC COM 881694103 14,179 249,842 SH DEFINED 1,2 249,842
TEXAS INSTRUMENTS INC COM 882508104 18,075 182,112 SH DEFINED 1,2 182,112
TEXAS UTILITIES CO COM 882848104 5,498 131,884 SH DEFINED 1,2 131,884
TEXTRON INC COM 883203101 5,729 74,036 SH DEFINED 1,2 74,036
THERMO ELECTRON COM 883556102 1,008 74,300 SH DEFINED 1,2 74,300
THOMAS & BETTS COM 884315102 995 26,498 SH DEFINED 1,2 26,498
TIME WARNER INC COM COM 887315109 40,593 571,232 SH DEFINED 1,2 571,232
TIMES MIRROR CO COM SER A 887364107 2,019 37,352 SH DEFINED 1,2 37,352
TIMKEN COMPANY COM 887389104 470 28,930 SH DEFINED 1,2 28,930
TJX COS INC COM 872540109 5,132 150,928 SH DEFINED 1,2 150,928
TORCHMARK CORP COM 891027104 2,069 65,428 SH DEFINED 1,2 65,428
TORONTO DOMINION BANK COM NEW 891160509 1,711 37,000 SH DEFINED 37,000
TOYS R US INC COM 892335100 2,224 118,225 SH DEFINED 1,2 118,225
TRANSAMERICA CORP COM 893485102 4,409 62,084 SH DEFINED 1,2 62,084
TRIBUNE CO COM 896047107 3,637 55,582 SH DEFINED 1,2 55,582
TRICON GLOBAL RESTAURANTS COM 895953107 5,017 71,415 SH DEFINED 1,2 71,415
TRW INC. COM 872649108 2,550 56,046 SH DEFINED 1,2 56,046
TUBOS DE ACERE MEX ADR NEW 898592506 583 65,000 SH DEFINED 65,000
TUPPERWARE CORPCOM COM 899896104 487 27,048 SH DEFINED 1,2 27,048
TYCO INTERNATIONAL LTD COM 902124106 21,845 304,465 SH DEFINED 1,2 304,465
U S T INC COM 902911106 2,281 87,295 SH DEFINED 1,2 87,295
U S WEST INC COM 91273H101 12,932 234,857 SH DEFINED 1,2 234,857
U.S. BANCORP COM 902973106 11,601 340,592 SH DEFINED 1,2 340,592
UNICOM CORP COM 904911104 3,710 101,462 SH DEFINED 1,2 101,462
UNILEVER NV NY SHS 904784501 19,946 300,228 SH DEFINED 1,2 300,228
UNION CAMP CORP COM 905530101 2,163 32,228 SH DEFINED 1,2 32,228
UNION CARBIDE CORP COM 905581104 2,805 62,065 SH DEFINED 1,2 62,065
UNION OIL CO OF CALIFORNI COM 915289102 4,219 114,599 SH DEFINED 1,2 114,599
UNION PACIFIC CORP COM 907818108 6,178 115,606 SH DEFINED 1,2 115,606
UNION PACIFIC RES GROUP I COM 907834105 1,394 117,359 SH DEFINED 1,2 117,359
UNION PLANTERS COM 908068109 2,786 63,400 SH DEFINED 1,2 63,400
UNISYS CORP. COM 909214108 4,069 145,065 SH DEFINED 1,2 145,065
UNITED HEALTH CARE CORP COM 910581107 4,589 87,200 SH DEFINED 1,2 87,200
UNITED TECH. CORP. COM 913017109 14,292 105,522 SH DEFINED 1,2 105,522
UNUM CORP COM 903192102 3,073 64,600 SH DEFINED 1,2 64,600
US AIRWAYS GROUP, INC COM 911905107 2,006 41,100 SH DEFINED 1,2 41,100
USX MARATHON GRP COM NEW 902905827 3,939 143,223 SH DEFINED 1,2 143,223
USX US STEEL GRP COM 90337T101 971 41,314 SH DEFINED 1,2 41,314
V F CORP COM 918204108 2,646 56,068 SH DEFINED 1,2 56,068
VIACOM INC CL B CL B 925524308 13,657 162,699 SH DEFINED 1,2 162,699
VITRO SA-SPONSORED ADR SPONS ADR 928502301 1,007 101,685 SH DEFINED 101,685
WACHOVIA CORP COM 929771103 7,684 94,650 SH DEFINED 1,2 94,650
WADDELL & REED FINL INC C CL B 930059209 325 16,339 SH DEFINED 1,2 16,339
WAL-MART STORES INC COM 931142103 96,387 1,045,493 SH DEFINED 1,2 1,045,493
WALGREEN COM 931422109 13,209 467,568 SH DEFINED 1,2 467,568
WARNER LAMBERT CO COM 934488107 25,446 384,454 SH DEFINED 1,2 384,454
WASHINGTON MUTUAL INC COM COM 939322103 11,302 276,512 SH DEFINED 1,2 276,512
WASTE MANAGEMENT, INC. COM 94106L109 12,330 277,870 SH DEFINED 1,2 277,870
WELLS FARGO CO COM 949746101 26,893 767,000 SH DEFINED 1,2 767,000
WENDYS INTERNATIONAL INC COM 950590109 1,655 58,186 SH DEFINED 1,2 58,186
WESTVACO COM 961548104 992 47,245 SH DEFINED 1,2 47,245
WEYERHAEUSER CO COM 962166104 5,157 92,912 SH DEFINED 1,2 92,912
WHIRLPOOL CORP COM 963320106 1,927 35,436 SH DEFINED 1,2 35,436
WILLAMETTE INDUSTRIES INC COM 969133107 1,959 51,900 SH DEFINED 1,2 51,900
WILLIAMS COMPANIES COM 969457100 7,887 199,660 SH DEFINED 1,2 199,660
WINN- DIXIE STORES COM 974280109 2,594 69,418 SH DEFINED 1,2 69,418
WORTHINGTON INDUSTRIES COM 981811102 511 43,505 SH DEFINED 1,2 43,505
WRIGLEY, WM. JR. COM 982526105 4,918 54,385 SH DEFINED 1,2 54,385
XEROX CORP. COM 984121103 16,352 306,382 SH DEFINED 1,2 306,382
3COM CORP COM 885535104 3,905 167,500 SH DEFINED 1,2 167,500
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