<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: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: 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
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[City, State]
August 12, 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: 571
Form 13F Information Table Value Total: $5,407,389 (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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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 32,188 707,446 SH DEFINED 1,2 707,446
ABITIBI-CONSOLIDATED INC COM 003924107 610 53,400 SH DEFINED 53,400
ADOBE SYSTEMS INC COM 00724F101 2,374 28,900 SH DEFINED 1,2 28,900
ADVANCED MICRO DEVICES IN COM 007903107 1,219 67,487 SH DEFINED 1,2 67,487
AEGON NV ORD AM REG 007924103 2,577 34,824 SH DEFINED 1,2 34,824
AES CORP COM 00130H105 5,156 88,700 SH DEFINED 1,2 88,700
AETNA INC COM 008117103 5,917 66,157 SH DEFINED 1,2 66,157
AIR PRODUCTS & CHEMICALS COM 009158106 4,328 107,520 SH DEFINED 1,2 107,520
ALBERTA ENERGY COM 012873105 2,852 89,000 SH DEFINED 89,000
ALBERTO-CULVER CL B CONV 013068101 690 25,914 SH DEFINED 1,2 25,914
ALBERTSONS INC COM 013104104 10,125 196,356 SH DEFINED 1,2 196,356
ALCAN ALUMINIUM LTD COM 013716105 3,407 106,692 SH DEFINED 1,2 106,692
ALCOA INC COM COM 013817101 10,664 172,352 SH DEFINED 1,2 172,352
ALLEGHENY TELDYNE INC COM 017415100 2,083 92,046 SH DEFINED 1,2 92,046
ALLERGAN INC COM 018490102 3,424 30,848 SH DEFINED 1,2 30,848
ALLIED SIGNAL INC COM 019512102 16,317 259,004 SH DEFINED 1,2 259,004
ALLSTATE CORP COM 020002101 13,564 378,104 SH DEFINED 1,2 378,104
ALLTEL CORP COM 020039103 9,589 134,105 SH DEFINED 1,2 134,105
ALZA CORP COM 022615108 2,341 46,022 SH DEFINED 1,2 46,022
AMER FAMILY COM 001055102 5,946 124,200 SH DEFINED 1,2 124,200
AMERADA HESS CORP COM 023551104 2,524 42,423 SH DEFINED 1,2 42,423
AMEREN CORP COM 023608102 2,468 64,314 SH DEFINED 1,2 64,314
AMERICA ONLINE INC DEL COM 02364J104 55,696 504,041 SH DEFINED 1,2 504,041
AMERICAN ELECTRIC POWER COM 025537101 3,372 89,760 SH DEFINED 1,2 89,760
AMERICAN EXPRESS CO COM 025816109 27,329 210,020 SH DEFINED 1,2 210,020
AMERICAN GENERAL CORP COM 026351106 8,856 117,499 SH DEFINED 1,2 117,499
AMERICAN GREETINGS CORP CL A 026375105 999 33,152 SH DEFINED 1,2 33,152
AMERICAN HOME PRODUCTS CO COM 026609107 35,130 610,952 SH DEFINED 1,2 610,952
AMERICAN INTERNATIONAL GR COM 026874107 73,359 626,659 SH DEFINED 1,2 626,659
AMERITECH CORP COM 030954101 37,651 512,260 SH DEFINED 1,2 512,260
AMGEN COM 031162100 14,470 237,696 SH DEFINED 1,2 237,696
AMR CORP COM 001765106 4,993 73,152 SH DEFINED 1,2 73,152
AMSOUTH BANCORPORATION COM 032165102 1,937 83,550 SH DEFINED 1,2 83,550
ANADARKO PETROLEUM CORP COM 032511107 2,080 56,500 SH DEFINED 1,2 56,500
ANDREW CORP COM 034425108 763 40,297 SH DEFINED 1,2 40,297
ANHEUSER BUSCH COMPANIES COM 035229103 15,744 221,944 SH DEFINED 1,2 221,944
AON CORP COM 037389103 4,938 119,700 SH DEFINED 1,2 119,700
APACHE CORP COM 037411105 2,005 51,400 SH DEFINED 1,2 51,400
APPLE COMPUTER INC COM 037833100 3,400 73,411 SH DEFINED 1,2 73,411
APPLIED MATERIALS INC COM 038222105 12,869 174,200 SH DEFINED 1,2 174,200
ARCHER DANIELS MIDLAND CO COM 039483102 4,298 278,410 SH DEFINED 1,2 278,410
ARMSTRONG WORLD INDUSTRIE COM 042476101 1,083 18,730 SH DEFINED 1,2 18,730
ASARCO INC COM 043413103 349 18,551 SH DEFINED 1,2 18,551
ASHLAND INC COM COM 044204105 1,383 34,463 SH DEFINED 1,2 34,463
ASIA PULP AND PAPER-SPONS SPONS ADR 04516V100 1,445 150,100 SH DEFINED 150,100
ASSOCIATES FIRST CAP CORP CL A 046008108 15,092 340,600 SH DEFINED 1,2 340,600
AT&T CORP COM 001957109 83,137 1,489,587 SH DEFINED 1,2 1,489,587
ATLANTIC RICHFIELD CO COM 048825103 12,592 150,686 SH DEFINED 1,2 150,686
AUTODESK COM 052769106 788 26,670 SH DEFINED 1,2 26,670
AUTOLIV INC COM COM 052800109 621 20,517 SH DEFINED 1,2 20,517
AUTOMATIC DATA PROCESSING COM 053015103 12,635 287,164 SH DEFINED 1,2 287,164
AUTOZONE COM 053332102 2,157 71,600 SH DEFINED 1,2 71,600
AVERY DENNISON CORP COM 053611109 3,217 53,290 SH DEFINED 1,2 53,290
AVON PRODUCTS INC COM 054303102 6,803 122,580 SH DEFINED 1,2 122,580
BAKER HUGHES INCORPORATED COM 057224107 5,125 152,996 SH DEFINED 1,2 152,996
BALL CORP COM 058498106 613 14,504 SH DEFINED 1,2 14,504
BANCO BHIF ADR SPONS ADR 05946H108 811 55,900 SH DEFINED 55,900
BANCO GANADERO S.A. SP ADR PRC 059594507 215 28,000 SH DEFINED 28,000
BANK OF AMERICA CORP COM 060505104 59,826 816,039 SH DEFINED 1,2 816,039
BANK OF NEW YORK INC COM 064057102 13,086 356,700 SH DEFINED 1,2 356,700
BANK ONE CORP COM 06423A103 32,894 552,254 SH DEFINED 1,2 552,254
BANKBOSTON CORP COM 06605R106 7,154 139,938 SH DEFINED 1,2 139,938
BARD CR INC COM 067383109 1,200 25,107 SH DEFINED 1,2 25,107
BARRICK GOLD CORP COM 067901108 3,728 193,100 SH DEFINED 1,2 193,100
BATTLE MTN GOLD COM 071593107 262 107,400 SH DEFINED 1,2 107,400
BAUSCH & LOMB INC COM 071707103 2,018 26,375 SH DEFINED 1,2 26,375
BAXTER INTERNATIONAL INC. COM 071813109 8,200 135,253 SH DEFINED 1,2 135,253
BB&T CORPORATION COM 054937107 5,389 146,900 SH DEFINED 1,2 146,900
BCE, INC., COM 05534B109 1,654 34,663 SH DEFINED 34,663
BEAR STEARNS COM 073902108 2,554 54,630 SH DEFINED 1,2 54,630
BECTON DICKINSON & CO COM 075887109 3,465 115,496 SH DEFINED 1,2 115,496
BELL ATLANTIC CORP COM 077853109 47,621 728,555 SH DEFINED 1,2 728,555
BELLSOUTH CORP COM 079860102 41,667 888,900 SH DEFINED 1,2 888,900
BEMIS CO COM 081437105 982 24,702 SH DEFINED 1,2 24,702
BEST BUY, INC. COM 086516101 1,175 17,400 SH DEFINED 1,2 17,400
BESTFOODS COM COM 08658U101 6,474 130,778 SH DEFINED 1,2 130,778
BETHLEHEM STEEL CORP COM 087509105 466 60,607 SH DEFINED 1,2 60,607
BIOMET INC COM 090613100 2,092 52,638 SH DEFINED 1,2 52,638
BLACK & DECKER CORP. COM 091797100 2,607 41,293 SH DEFINED 1,2 41,293
BMC SOFTWARE INC COM 055921100 5,908 109,400 SH DEFINED 1,2 109,400
BOEING CO COM 097023105 20,081 454,456 SH DEFINED 1,2 454,456
BOISE CASCADE CORP COM 097383103 1,132 26,404 SH DEFINED 1,2 26,404
BOSTON SCIENTIFIC CORP COM 101137107 8,063 183,500 SH DEFINED 1,2 183,500
BRAZIL FUND INC COMMON US COM 105759104 1,136 77,000 SH DEFINED 77,000
BRIGGS & STRATTON COM 109043109 633 10,962 SH DEFINED 1,2 10,962
BRISTOL MYERS SQUIBB CO COM 110122108 65,158 925,044 SH DEFINED 1,2 925,044
BROWN-FORMAN CORP. CL B 115637209 2,102 32,251 SH DEFINED 1,2 32,251
BROWNING FERRIS INC COM 115885105 3,188 74,148 SH DEFINED 1,2 74,148
BRUNSWICK CORP COM 117043109 1,206 43,250 SH DEFINED 1,2 43,250
BURLINGTON NORTHERN SANTA COM 12189T104 6,825 220,158 SH DEFINED 1,2 220,158
BURLINGTON RESOURCES INC. COM 122014103 3,598 83,185 SH DEFINED 1,2 83,185
CABLETRON SYSTEMS INC COM 126920107 996 76,600 SH DEFINED 1,2 76,600
CAMPBELL SOUP COM 134429109 9,469 204,184 SH DEFINED 1,2 204,184
CANADIAN IMPERIAL BANK OF COM 136069101 5,529 232,271 SH DEFINED 232,271
CANADIAN NATIONAL RAILWAY COM 136375102 691 10,400 SH DEFINED 10,400
CAPITAL ONE FINL CORP COM 14040H105 5,129 92,100 SH DEFINED 1,2 92,100
CARDINAL HEALTH INC COM 14149Y108 8,163 127,300 SH DEFINED 1,2 127,300
CARNIVAL CRUISE LINE COM 143658102 13,920 287,000 SH DEFINED 1,2 287,000
CAROLINA POWER & LIGHT CO COM 144141108 3,045 71,122 SH DEFINED 1,2 71,122
CASE CORP COM 14743R103 1,641 34,100 SH DEFINED 1,2 34,100
CATERPILLAR INC. COM 149123101 10,018 166,972 SH DEFINED 1,2 166,972
CBS CORPORATION COM 12490K107 14,455 332,768 SH DEFINED 1,2 332,768
CENDANT CORP COM 151313103 7,434 362,653 SH DEFINED 1,2 362,653
CENTEX CORP COM 152312104 1,043 27,774 SH DEFINED 1,2 27,774
CENTRAL & SOUTH WEST CORP COM 152357109 2,334 99,851 SH DEFINED 1,2 99,851
CENTURYTEL INCCOM COM 156700106 2,582 64,950 SH DEFINED 1,2 64,950
CERIDIAN CORP COM 15677T106 2,179 66,666 SH DEFINED 1,2 66,666
CHAMPION INTERNATIONAL CO COM 158525105 2,154 44,996 SH DEFINED 1,2 44,996
CHASE MANHATTAN CORP NEW COM 16161A108 34,329 396,292 SH DEFINED 1,2 396,292
CHEVRON CORP COM 166751107 29,169 306,442 SH DEFINED 1,2 306,442
CHOICEPOINT INC COM 170388102 449 6,690 SH DEFINED 1,2 6,690
CHUBB CORP COM 171232101 5,268 75,794 SH DEFINED 1,2 75,794
CIGNA CORP COM 125509109 27,643 310,600 SH DEFINED 1,2 310,600
CINCINNATI FINL CORP COM 172062101 2,941 78,300 SH DEFINED 1,2 78,300
CINERGY CORP COM 172474108 2,382 74,427 SH DEFINED 1,2 74,427
CIRCUIT CITY STORES - CIR CIRCT GRP 172737108 4,380 47,098 SH DEFINED 1,2 47,098
CISCO SYSTEMS COM 17275R102 95,656 1,486,700 SH DEFINED 1,2 1,486,700
CITIGROUP INC COM 172967101 75,036 1,579,705 SH DEFINED 1,2 1,579,705
CLEAR CHANNEL COMMUNICATI COM 184502102 10,678 154,900 SH DEFINED 1,2 154,900
CLOROX CO COM 189054109 5,836 54,634 SH DEFINED 1,2 54,634
CMS ENERGY CORP COM 125896100 2,265 54,100 SH DEFINED 1,2 54,100
COASTAL CORP COM 190441105 3,991 99,774 SH DEFINED 1,2 99,774
COCA COLA CO COM 191216100 72,052 1,152,914 SH DEFINED 1,2 1,152,914
COCA-COLA ENTERPRISES COM 191219104 5,846 196,500 SH DEFINED 1,2 196,500
COLGATE-PALMOLIVE CO COM 194162103 13,447 136,174 SH DEFINED 1,2 136,174
COLUMBIA ENERGY GROUP COM 197648108 2,452 39,108 SH DEFINED 1,2 39,108
COLUMBIA HEALTHCARE CORP COM 197677107 6,136 268,961 SH DEFINED 1,2 268,961
COMCAST CORP CL A 200300101 204 5,700 SH DEFINED 1,2 5,700
COMCAST CORP CL A SPL 200300200 13,302 346,064 SH DEFINED 1,2 346,064
COMERICA INC COM 200340107 4,333 72,900 SH DEFINED 1,2 72,900
COMMSCOPE INC COM COM 203372107 618 20,098 SH DEFINED 1,2 20,098
COMPAQ COMPUTER CORP COM 204493100 18,826 794,751 SH DEFINED 1,2 794,751
COMPUTER ASSOCIATES INTL COM 204912109 13,754 250,073 SH DEFINED 1,2 250,073
COMPUTER SCIENCES COM 205363104 5,146 74,384 SH DEFINED 1,2 74,384
COMPUWARE CORP COM 205638109 5,434 170,800 SH DEFINED 1,2 170,800
CONAGRA INC COM 205887102 6,104 229,248 SH DEFINED 1,2 229,248
CONSECO INC COM 208464107 4,549 149,442 SH DEFINED 1,2 149,442
CONSOLIDATED EDISON INC COM 209115104 4,839 106,936 SH DEFINED 1,2 106,936
CONSOLIDATED NATURAL GAS COM 209615103 2,740 45,102 SH DEFINED 1,2 45,102
CONSOLIDATED STORES CORP COM 210149100 1,377 51,000 SH DEFINED 1,2 51,000
CONSTELLATION ENGY GRP IN COM 210371100 2,083 70,302 SH DEFINED 1,2 70,302
COOPER INDUSTRIES INC COM 216669101 2,341 45,015 SH DEFINED 1,2 45,015
COOPER TIRE & RUBBER CO COM 216831107 837 35,416 SH DEFINED 1,2 35,416
COORS ADOLPH CL B 217016104 844 17,055 SH DEFINED 1,2 17,055
CORN PRODUCTS INTL INC COM 219023108 489 16,071 SH DEFINED 1,2 16,071
CORNING INC COM 219350105 7,924 112,997 SH DEFINED 1,2 112,997
COSTCO COS INC COM COM 22160Q102 8,176 102,115 SH DEFINED 1,2 102,115
COUNTRYWIDE CREDIT COM 222372104 2,236 52,300 SH DEFINED 1,2 52,300
COVANCE INC COM COM 222816100 570 23,823 SH DEFINED 1,2 23,823
COVER-ALL TECHNOLOGIES IN COM 222892101 1,703 1,238,273 SH DEFINED 1,2 1,238,273
COX COMMUNICATIONS INC CL A 224044107 2,399 65,156 SH DEFINED 1,2 65,156
CRANE CORP COM 224399105 1,008 32,051 SH DEFINED 1,2 32,051
CROWN CORK & SEAL INC COM 228255105 1,641 57,577 SH DEFINED 1,2 57,577
CSX CORPORATION COM 126408103 4,640 102,390 SH DEFINED 1,2 102,390
CUMMINS ENGINE CO COM 231021106 1,114 19,504 SH DEFINED 1,2 19,504
CVS CORP COM COM 126650100 9,231 181,888 SH DEFINED 1,2 181,888
CYPRUS AMAX MINERALS COM 232809103 648 42,698 SH DEFINED 1,2 42,698
DANA CORP COM 235811106 3,573 77,564 SH DEFINED 1,2 77,564
DANAHER CORPORATION COM 235851102 3,633 62,500 SH DEFINED 1,2 62,500
DARDEN RESTAURANTS INC COM 237194105 1,371 62,840 SH DEFINED 1,2 62,840
DATA GENERAL CORP COM 237688106 338 23,205 SH DEFINED 1,2 23,205
DAYTON HUDSON CORP COM 239753106 13,356 205,476 SH DEFINED 1,2 205,476
DEERE & CO COM 244199105 4,323 109,105 SH DEFINED 1,2 109,105
DELL COMPUTER COM 247025109 43,827 1,184,500 SH DEFINED 1,2 1,184,500
DELPHI AUTOMOTIVE COM 247126105 4,891 263,514 SH DEFINED 1,2 263,514
DELTA AIRLINES INC COM 247361108 3,792 65,810 SH DEFINED 1,2 65,810
DELUXE CHECK PRINTERS INC COM 248019101 1,459 37,471 SH DEFINED 1,2 37,471
DESC. FOMENTO ADR ( 4 C S SPN ADR C 250309101 317 14,000 SH DEFINED 14,000
DEVON ENERGY CORP COM 251799102 682 19,073 SH DEFINED 1,2 19,073
DILLARD'S INC CL A 254067101 1,756 49,982 SH DEFINED 1,2 49,982
DISNEY WALT PRODUCTIONS COM 254687106 29,673 963,012 SH DEFINED 1,2 963,012
DOLLAR GENERAL COM 256669102 3,011 103,841 SH DEFINED 1,2 103,841
DOMINION RES INC VIRGINIA COM 257470104 3,901 90,071 SH DEFINED 1,2 90,071
DONNELLY, R.R. & SONS CO. COM 257867101 2,284 61,634 SH DEFINED 1,2 61,634
DOVER CORP COM 260003108 3,512 100,348 SH DEFINED 1,2 100,348
DOW CHEMICAL CO COM 260543103 13,049 102,849 SH DEFINED 1,2 102,849
DOW JONES COM 260561105 2,259 42,578 SH DEFINED 1,2 42,578
DTE ENERGY CO COM 233331107 2,723 68,077 SH DEFINED 1,2 68,077
DUKE ENERGY CORP COM 264399106 9,229 169,726 SH DEFINED 1,2 169,726
DUN & BRADSTREET CORP COM 26483B106 2,720 76,761 SH DEFINED 1,2 76,761
E G & G INC COM 268457108 741 20,799 SH DEFINED 1,2 20,799
E M C CORP MASS COM 268648102 25,911 471,100 SH DEFINED 1,2 471,100
E.I. DUPONT DE NEMOURS & COM 263534109 36,023 527,330 SH DEFINED 1,2 527,330
EARTHGRAINS CO COM 270319106 407 15,784 SH DEFINED 1,2 15,784
EASTERN ENTERPRISES COM 27637F100 414 10,425 SH DEFINED 1,2 10,425
EASTMAN CHEMICAL CO.,INC. COM 277432100 1,988 38,399 SH DEFINED 1,2 38,399
EASTMAN KODAK CO. COM 277461109 10,210 150,698 SH DEFINED 1,2 150,698
EATON CORP COM 278058102 3,085 33,530 SH DEFINED 1,2 33,530
ECHOSTAR COMMUNICATIONS C CL A 278762109 2,018 13,500 SH DEFINED 1,2 13,500
ECOLAB COM 278865100 2,637 60,440 SH DEFINED 1,2 60,440
EDISON INTERNATIONAL COM 281020107 4,365 163,168 SH DEFINED 1,2 163,168
EL PASO ENERGY CORP DEL C COM 283905107 2,699 76,704 SH DEFINED 1,2 76,704
ELECTRONIC DATA SYS CORP COM 285661104 13,026 230,300 SH DEFINED 1,2 230,300
EMBOTELLADORA ANDINA SA " SPN ADR A 29081P204 464 23,200 SH DEFINED 23,200
EMERSON ELECTRIC CO COM 291011104 12,834 204,124 SH DEFINED 1,2 204,124
EMPRESAS ICA S.A. -SPONS SPON ADR 292448107 558 82,600 SH DEFINED 82,600
ENGELHARD CORP COM 292845104 1,356 59,946 SH DEFINED 1,2 59,946
ENRON CORP. COM 293561106 13,456 164,596 SH DEFINED 1,2 164,596
ENTERGY CORP. (NEW) COM 29364G103 3,616 115,696 SH DEFINED 1,2 115,696
EQUANT NV NY REG SHS 294409107 7,153 77,300 SH DEFINED 77,300
EQUIFAX INC COM 294429105 2,412 67,600 SH DEFINED 1,2 67,600
EXXON CORP COM 302290101 87,813 1,138,592 SH DEFINED 1,2 1,138,592
FANNIE MAE COM 313586109 32,836 480,228 SH DEFINED 1,2 480,228
FDX CORP HOLDING CO COM 31304N107 7,487 138,002 SH DEFINED 1,2 138,002
FEDERATED DEPT STORES INC COM 31410H101 5,183 97,900 SH DEFINED 1,2 97,900
FIFTH THIRD BANCORP COM 316773100 8,327 125,100 SH DEFINED 1,2 125,100
FINOVA GROUP INC COM COM 317928109 404 7,672 SH DEFINED 1,2 7,672
FIRST DATA CORP COM 319963104 9,939 203,100 SH DEFINED 1,2 203,100
FIRST UNION CORP COM 337358105 21,333 453,883 SH DEFINED 1,2 453,883
FIRSTAR CORP COM COM 33763V109 8,660 309,300 SH DEFINED 1,2 309,300
FIRSTENERGY CORP COM 337932107 3,443 111,055 SH DEFINED 1,2 111,055
FLEET FINANCIAL CORPORATI COM 338915101 11,826 266,496 SH DEFINED 1,2 266,496
FLEETWOOD ENTERPRISES INC COM 339099103 434 16,416 SH DEFINED 1,2 16,416
FLORIDA PROGRESS CORP COM 341109106 1,843 44,600 SH DEFINED 1,2 44,600
FLUOR CORP COM 343861100 1,433 35,373 SH DEFINED 1,2 35,373
FMC CORP COM NEW 302491303 1,059 15,507 SH DEFINED 1,2 15,507
FOMENTO ECON MEXICANO UBD SPND ADR F 344419106 977 24,500 SH DEFINED 24,500
FORD MOTOR CO DEL COM 345370100 31,979 566,626 SH DEFINED 1,2 566,626
FORT JAMES CORP COM 347471104 3,904 103,067 SH DEFINED 1,2 103,067
FORTUNE BRANDS INC COM 349631101 3,250 78,545 SH DEFINED 1,2 78,545
FOSTER WHEELER COM 350244109 269 19,029 SH DEFINED 1,2 19,029
FPL GROUP INC COM 302571104 4,642 84,976 SH DEFINED 1,2 84,976
FRANKLIN RESOURCES COM 354613101 4,822 118,700 SH DEFINED 1,2 118,700
FREDDIE MAC COM 313400301 18,748 323,248 SH DEFINED 1,2 323,248
FREEPORT MCMORAN COPPER + CL B 35671D857 1,396 77,800 SH DEFINED 1,2 77,800
FRONTIER CORP COM COM 35906P105 4,755 80,600 SH DEFINED 1,2 80,600
FRUIT OF TH LOOM, LTD CL ORD CL A G3682L105 328 33,600 SH DEFINED 1,2 33,600
GANNETT CO COM 364730101 9,424 132,014 SH DEFINED 1,2 132,014
GAP, INC. COM 364760108 20,140 399,802 SH DEFINED 1,2 399,802
GATEWAY INC COM 367626108 4,301 72,900 SH DEFINED 1,2 72,900
GENER SA ADS (1 COM NPV) SPONS ADR 368731105 1,395 78,600 SH DEFINED 78,600
GENERAL COMMUNICATION I-C CL A 369385109 1,145 168,399 SH DEFINED 1,2 168,399
GENERAL DYNAMICS CORP COM 369550108 4,074 59,468 SH DEFINED 1,2 59,468
GENERAL ELECTRIC CO COM 369604103 172,517 1,526,762 SH DEFINED 1,2 1,526,762
GENERAL INSTRUMENT CORP COM 370120107 3,400 80,000 SH DEFINED 1,2 80,000
GENERAL MILLS INC COM 370334104 5,742 71,440 SH DEFINED 1,2 71,440
GENERAL MOTORS CORP COM 370442105 20,064 303,993 SH DEFINED 1,2 303,993
GENERAL SEMICONDUCTOR INC COM 370787103 138 15,075 SH DEFINED 1,2 15,075
GENUINE PARTS COMPANY COM 372460105 3,045 87,078 SH DEFINED 1,2 87,078
GEORGIA-PACIFIC CORP (GRO COM GA PAC 373298108 3,821 80,650 SH DEFINED 1,2 80,650
GILLETTE CO. COM 375766102 21,205 517,192 SH DEFINED 1,2 517,192
GOLDEN WEST FINANCIAL COM 381317106 2,626 26,793 SH DEFINED 1,2 26,793
GOODRICH B F CO COM 382388106 1,478 34,776 SH DEFINED 1,2 34,776
GOODYEAR TIRE & RUBBER CO COM 382550101 4,299 73,092 SH DEFINED 1,2 73,092
GPU INC COM 36225X100 2,498 59,200 SH DEFINED 1,2 59,200
GRACE WR & CO COM 38388F108 631 34,333 SH DEFINED 1,2 34,333
GRAINGER W W INC COM 384802104 2,396 44,530 SH DEFINED 1,2 44,530
GREAT ATLANTIC & PACIFIC COM 390064103 608 17,990 SH DEFINED 1,2 17,990
GREAT LAKES CHEMICAL COM 390568103 1,269 27,554 SH DEFINED 1,2 27,554
GRUPO TELEVISA ADR (REP SPN ADR RE 40049J206 1,882 42,000 SH DEFINED 42,000
GTE CORP COM 362320103 34,413 454,307 SH DEFINED 1,2 454,307
GUIDANT CORP COM 401698105 7,232 140,600 SH DEFINED 1,2 140,600
H&R BLOCK COM 093671105 2,302 46,034 SH DEFINED 1,2 46,034
HALLIBURTON COM 406216101 9,330 206,182 SH DEFINED 1,2 206,182
HARCOURT GENNC COM 41163G101 1,717 33,299 SH DEFINED 1,2 33,299
HARRAHS ENTMT INC COM 413619107 1,284 58,372 SH DEFINED 1,2 58,372
HARRIS CORP COM 413875105 1,469 37,474 SH DEFINED 1,2 37,474
HARTFORD FIN SERV GRP INC COM 416515104 6,824 117,022 SH DEFINED 1,2 117,022
HASBRO INC. COM 418056107 2,575 92,165 SH DEFINED 1,2 92,165
HCR MANOR CARE, INC COM 404134108 1,257 51,987 SH DEFINED 1,2 51,987
HEALTHSOUTH REHABILITATIO COM 421924101 2,908 194,700 SH DEFINED 1,2 194,700
HEINZ HJ CO COM 423074103 8,410 167,772 SH DEFINED 1,2 167,772
HELMERICH & PAYNE COM 423452101 560 23,512 SH DEFINED 1,2 23,512
HERCULES INC COM 427056106 1,843 46,893 SH DEFINED 1,2 46,893
HERSHEY FOODS CORP COM 427866108 3,875 65,256 SH DEFINED 1,2 65,256
HEWLETT PACKARD CO COM 428236103 47,653 474,156 SH DEFINED 1,2 474,156
HILTON HOTELS CORP COM 432848109 1,733 122,116 SH DEFINED 1,2 122,116
HOME DEPOT COM 437076102 44,446 689,752 SH DEFINED 1,2 689,752
HOMESTAKE MINING CO COM 437614100 973 118,826 SH DEFINED 1,2 118,826
HONEYWELL INC COM 438506107 6,843 59,056 SH DEFINED 1,2 59,056
HOST MARRIOTT CORP (REIT) COM 44107P104 176 14,814 SH DEFINED 1,2 14,814
HOUSEHOLD INTERNATIONAL,I COM 441815107 10,648 224,765 SH DEFINED 1,2 224,765
HUMANA INC COM 444859102 1,010 78,100 SH DEFINED 1,2 78,100
HUNTINGTON BANCSHARES INC COM 446150104 3,471 99,170 SH DEFINED 1,2 99,170
IKON OFFICE SOLUTIONS, IN COM 451713101 1,017 67,826 SH DEFINED 1,2 67,826
ILLINOIS TOOL WORKS INC. COM 452308109 9,614 117,248 SH DEFINED 1,2 117,248
IMS HEALTH INC COM COM 449934108 4,619 147,822 SH DEFINED 1,2 147,822
INCO LTD COM 453258402 1,573 87,389 SH DEFINED 1,2 87,389
INDIA FUND INC. USD0.001 COM 454089103 4,062 408,800 SH DEFINED 408,800
INGERSOLL RAND CO COM 456866102 4,993 77,268 SH DEFINED 1,2 77,268
INTEL CORP. COM 458140100 92,168 1,549,046 SH DEFINED 1,2 1,549,046
INTERNATIONAL BUSINESS MA COM 459200101 109,719 848,956 SH DEFINED 1,2 848,956
INTERNATIONAL PAPER CO COM 460146103 9,717 192,418 SH DEFINED 1,2 192,418
INTERPUBLIC GROUP COS INC COM 460690100 5,622 64,900 SH DEFINED 1,2 64,900
INTL FLAVORS & FRAGRANCES COM 459506101 2,210 49,798 SH DEFINED 1,2 49,798
ITT INDUSTRIES,INC. COM 450911102 1,583 41,511 SH DEFINED 1,2 41,511
JEFFERSON PILOT COM 475070108 3,296 49,793 SH DEFINED 1,2 49,793
JOHN H HARLAND COM 412693103 280 14,032 SH DEFINED 1,2 14,032
JOHNSON & JOHNSON COM 478160104 61,531 627,912 SH DEFINED 1,2 627,912
JOHNSON CONTROLS INC COM 478366107 2,766 39,900 SH DEFINED 1,2 39,900
JOSTENS INC COM 481088102 352 16,733 SH DEFINED 1,2 16,733
K MART CORP COM 482584109 3,798 231,076 SH DEFINED 1,2 231,076
KANSAS CITY SO. IND COM 485170104 3,280 51,400 SH DEFINED 1,2 51,400
KAUFMAN & BROAD HOME CORP COM 486168107 544 21,868 SH DEFINED 1,2 21,868
KELLOGG CO COM 487836108 6,249 189,364 SH DEFINED 1,2 189,364
KERR MCGEE COM 492386107 2,033 40,499 SH DEFINED 1,2 40,499
KEYCORP COM 493267108 6,752 210,192 SH DEFINED 1,2 210,192
KIMBERLY CLARK CORP COM 494368103 14,185 248,852 SH DEFINED 1,2 248,852
KING WORLD PROD COM 495667107 1,187 34,102 SH DEFINED 1,2 34,102
KINROSS GOLD CORP COM 496902107 60 36,440 SH DEFINED 1,2 36,440
KLA INSTRUMENTS COM 482480100 2,653 40,900 SH DEFINED 1,2 40,900
KNIGHT RIDDER NEWSPAPERS COM 499040103 2,026 36,874 SH DEFINED 1,2 36,874
KOHLS CORP COM 500255104 5,828 75,500 SH DEFINED 1,2 75,500
KROGER CO COM 501044101 10,733 384,196 SH DEFINED 1,2 384,196
L S I LOGIC CORP COM 502161102 3,058 66,300 SH DEFINED 1,2 66,300
LAIDLAW INC COM 50730K503 1,137 154,200 SH DEFINED 1,2 154,200
LAN CHILE S.A. ADR SPONS ADR 501723100 909 126,400 SH DEFINED 126,400
LEHMAN BROTHERS HLDGS INC COM 524908100 3,445 55,340 SH DEFINED 1,2 55,340
LILLY ELI & CO COM 532457108 36,732 512,836 SH DEFINED 1,2 512,836
LIMITED THE COM 532716107 4,566 100,624 SH DEFINED 1,2 100,624
LINCOLN NATIONAL CORP COM 534187109 5,165 98,740 SH DEFINED 1,2 98,740
LIZ CLAIBORNE INC COM 539320101 1,105 30,283 SH DEFINED 1,2 30,283
LOCKHEED MARTIN CORP COM 539830109 6,862 184,214 SH DEFINED 1,2 184,214
LOEWS CORP COM 540424108 4,621 58,400 SH DEFINED 1,2 58,400
LONGS DRUG STORE COM 543162101 626 18,110 SH DEFINED 1,2 18,110
LOUISIANA PACIFIC CORP COM 546347105 1,208 50,852 SH DEFINED 1,2 50,852
LOWES COMPANIES INC COM 548661107 9,854 173,832 SH DEFINED 1,2 173,832
LTV CORP. COM 501921100 76 11,374 SH DEFINED 1,2 11,374
LUCENT TECHNOLOGIES INC COM 549463107 95,451 1,415,401 SH DEFINED 1,2 1,415,401
MALLINCKRODT INC NEW COM 561232109 1,219 33,507 SH DEFINED 1,2 33,507
MARRIOTT INTL CLASS A CL A 571903202 5,135 137,396 SH DEFINED 1,2 137,396
MARSH & MCLENNAN COM 571748102 9,272 122,804 SH DEFINED 1,2 122,804
MASCO CORP COM 574599106 4,597 159,200 SH DEFINED 1,2 159,200
MATAV RT-SPONSORED ADR SPONS ADR 559776109 774 28,140 SH DEFINED 28,140
MATTEL INC COM 577081102 5,114 193,422 SH DEFINED 1,2 193,422
MAY DEPT STORES CO COM 577778103 6,423 157,136 SH DEFINED 1,2 157,136
MAYTAG COMPANY COM 578592107 2,894 41,525 SH DEFINED 1,2 41,525
MBIA, INC. COM 55262C100 3,017 46,600 SH DEFINED 1,2 46,600
MBNA CORP COM 55262L100 11,445 373,730 SH DEFINED 1,2 373,730
MCDERMOTT INTERNATIONAL I COM 580037109 780 27,597 SH DEFINED 1,2 27,597
MCDONALDS CORP COM 580135101 26,238 635,112 SH DEFINED 1,2 635,112
MCGRAW HILL INC COM 580645109 4,978 92,296 SH DEFINED 1,2 92,296
MCI WORLDCOM INC COM COM 55268B106 74,508 865,738 SH DEFINED 1,2 865,738
MCKESSON HBOC, INC. COM 58155Q103 4,146 129,068 SH DEFINED 1,2 129,068
MEAD CORP. COM 582834107 2,013 48,210 SH DEFINED 1,2 48,210
MEDIAONE GROUP,INC COM 58440J104 21,096 283,639 SH DEFINED 1,2 283,639
MEDTRONIC COM 585055106 21,234 272,672 SH DEFINED 1,2 272,672
MELLON BANK CORP COM 585509102 8,914 245,052 SH DEFINED 1,2 245,052
MERCANTILE BANCORP COM 587342106 4,210 73,700 SH DEFINED 1,2 73,700
MERCK & COMPANY COM 589331107 81,586 1,102,590 SH DEFINED 1,2 1,102,590
MEREDITH CORP COM 589433101 852 24,616 SH DEFINED 1,2 24,616
MERRILL LYNCH & CO INC COM 590188108 13,764 172,208 SH DEFINED 1,2 172,208
MGIC INVT CORP WIS COM 552848103 2,494 51,300 SH DEFINED 1,2 51,300
MICRON TECHNOLOGY INC COM 595112103 4,684 116,200 SH DEFINED 1,2 116,200
MICROSOFT CORP COM 594918104 214,489 2,378,324 SH DEFINED 1,2 2,378,324
MILACRON INC COM 598709103 334 18,080 SH DEFINED 1,2 18,080
MILLIPORE CORP COM 601073109 836 20,608 SH DEFINED 1,2 20,608
MINNESOTA MINING & MANUFA COM 604059105 16,362 188,202 SH DEFINED 1,2 188,202
MIRAGE RESORTS, INC COM 60462E104 1,533 91,500 SH DEFINED 1,2 91,500
MOBIL CORP COM 607059102 36,232 365,982 SH DEFINED 1,2 365,982
MONSANTO COMPANY COM 611662107 11,635 295,030 SH DEFINED 1,2 295,030
MORGAN STANLEY DEAN WITTE COM NEW 617446448 27,389 267,205 SH DEFINED 1,2 267,205
MORGAN, J.P., & CO., INC COM 616880100 11,625 82,741 SH DEFINED 1,2 82,741
MOTOROLA INC COM 620076109 26,676 281,536 SH DEFINED 1,2 281,536
N L INDUSTRIES COM NEW 629156407 216 19,412 SH DEFINED 1,2 19,412
NABISCO GROUP BLDG CORP COM 62952P102 2,979 152,300 SH DEFINED 1,2 152,300
NACCO INDUSTRIES INC CL A 629579103 274 3,734 SH DEFINED 1,2 3,734
NALCO CHEMICAL COM 629853102 1,586 30,566 SH DEFINED 1,2 30,566
NATIONAL CITY CORP COM 635405103 9,763 149,050 SH DEFINED 1,2 149,050
NATIONAL SEMICONDUCTOR CO COM 637640103 1,963 77,533 SH DEFINED 1,2 77,533
NATIONAL SERVICE INDUSTRY COM 637657107 701 19,485 SH DEFINED 1,2 19,485
NAVISTAR INTL COM 63934E108 1,580 31,591 SH DEFINED 1,2 31,591
NETWORK APPLIANCE INC COM COM 64120L104 1,866 33,400 SH DEFINED 1,2 33,400
NEW CENTY ENERGIES INC COM 64352U103 2,080 53,600 SH DEFINED 1,2 53,600
NEW YORK TIMES CL A CL A 650111107 3,058 83,070 SH DEFINED 1,2 83,070
NEWELL RUBBERMAID, INC COM 651229106 6,097 131,126 SH DEFINED 1,2 131,126
NEWMONT MINING COM 651639106 1,553 78,123 SH DEFINED 1,2 78,123
NEWPORT NEWS SHIPBUILDING COM 652228107 411 13,919 SH DEFINED 1,2 13,919
NEXTEL COMMUNICATIONS INC CL A 65332V103 6,926 138,000 SH DEFINED 1,2 138,000
NIAGARA MOHAWK HOLDINGS, COM 653520106 1,407 87,590 SH DEFINED 1,2 87,590
NICOR INC COM 654086107 847 22,248 SH DEFINED 1,2 22,248
NIELSEN MEDIA RESEARCH COM NEW 653929307 747 25,552 SH DEFINED 1,2 25,552
NIKE INC CL B 654106103 8,395 132,596 SH DEFINED 1,2 132,596
NORDSTROM INC COM 655664100 2,246 67,054 SH DEFINED 1,2 67,054
NORFOLK SOUTHERN CORP COM 655844108 5,356 177,791 SH DEFINED 1,2 177,791
NORTEL NETWORKS CORP COM COM 656569100 26,858 309,374 SH DEFINED 1,2 309,374
NORTHERN STATES POWER CO COM 665772109 1,723 71,254 SH DEFINED 1,2 71,254
NORTHERN TRUST COM 665859104 5,054 52,100 SH DEFINED 1,2 52,100
NORTHROP GRUMMAN CORP COM 666807102 2,142 32,295 SH DEFINED 1,2 32,295
NOVELL INC COM 670006105 4,227 159,492 SH DEFINED 1,2 159,492
NUCOR CORP COM 670346105 1,947 41,046 SH DEFINED 1,2 41,046
OCCIDENTAL PETROLEUM CORP COM 674599105 3,437 162,676 SH DEFINED 1,2 162,676
OFFICE DEPOT COM 676220106 3,861 175,000 SH DEFINED 1,2 175,000
OMNICOM GROUP COM 681919106 6,632 82,900 SH DEFINED 1,2 82,900
ONEOK INC NEW COM COM 682680103 470 14,802 SH DEFINED 1,2 14,802
ORACLE CORPORATION COM 68389X105 24,945 671,928 SH DEFINED 1,2 671,928
OWENS CORNING COM 69073F103 876 25,490 SH DEFINED 1,2 25,490
OWENS ILL INC COM NEW 690768403 2,386 73,000 SH DEFINED 1,2 73,000
P P + L RES INC COM 693499105 2,263 73,600 SH DEFINED 1,2 73,600
PACCAR INC COM 693718108 1,958 36,676 SH DEFINED 1,2 36,676
PACIFICORP COM 695114108 2,562 139,438 SH DEFINED 1,2 139,438
PAINE WEBBER INC COM 695629105 3,170 67,800 SH DEFINED 1,2 67,800
PALL CORP COM 696429307 1,284 57,873 SH DEFINED 1,2 57,873
PARAMETRIC TECHNOLOGY COM 699173100 1,764 127,100 SH DEFINED 1,2 127,100
PARKER HANNIFIN COM 701094104 2,336 51,052 SH DEFINED 1,2 51,052
PAYCHEX INC COM 704326107 3,648 114,450 SH DEFINED 1,2 114,450
PAYLESS SHOESOURCE INC COM 704379106 828 15,475 SH DEFINED 1,2 15,475
PE CORP COM CELERA GENOMI CEL GENGRP 69332S201 190 11,709 SH DEFINED 1,2 11,709
PE CORP COM PE BIOSYS GRO COM BIOGRP 69332S102 2,745 23,920 SH DEFINED 1,2 23,920
PECO ENERGY CO COM 693304107 3,947 94,173 SH DEFINED 1,2 94,173
PENNEY J C INC COM 708160106 5,967 122,866 SH DEFINED 1,2 122,866
PEOPLES ENERGY CORP COM 711030106 626 16,620 SH DEFINED 1,2 16,620
PEOPLESOFT COM 712713106 1,930 111,900 SH DEFINED 1,2 111,900
PEP BOYS MANNY MOE & JACK COM 713278109 553 25,577 SH DEFINED 1,2 25,577
PEPSICO INC COM 713448108 26,588 687,252 SH DEFINED 1,2 687,252
PETRO CANADA COM/VARIBL 71644E102 381 30,000 SH DEFINED 30,000
PFIZER INC COM 717081103 66,307 604,188 SH DEFINED 1,2 604,188
PG+E CORPORATION COM 69331C108 5,834 179,494 SH DEFINED 1,2 179,494
PHARMACIA & UPJOHN INC COM 716941109 13,475 237,189 SH DEFINED 1,2 237,189
PHELPS DODGE CORP COM 717265102 1,685 27,197 SH DEFINED 1,2 27,197
PHILIP MORRIS COS INC COM 718154107 45,206 1,124,877 SH DEFINED 1,2 1,124,877
PHILLIPS PETROLEUM CO COM 718507106 5,956 118,387 SH DEFINED 1,2 118,387
PHLIPPINE LONG DIST ADR P SPONS ADR 718252604 453 15,000 SH DEFINED 15,000
PIONEER HI BRED INTL INC COM 723686101 4,413 113,340 SH DEFINED 1,2 113,340
PITNEY BOWES INC COM 724479100 8,059 125,436 SH DEFINED 1,2 125,436
PLACER DOME COM 725906101 1,763 149,270 SH DEFINED 1,2 149,270
PNC BANK CORP COM 693475105 8,184 142,024 SH DEFINED 1,2 142,024
POGO PRODUCING CO COM 730448107 5,020 273,171 SH DEFINED 1,2 273,171
POLAROID CORP COM 731095105 567 20,517 SH DEFINED 1,2 20,517
POTLATCH CORP COM 737628107 593 13,493 SH DEFINED 1,2 13,493
PPG INDUSTRIES, INC. COM 693506107 4,827 81,722 SH DEFINED 1,2 81,722
PRAXAIR INC COM 74005P104 3,626 74,104 SH DEFINED 1,2 74,104
PRICE COMMUNICATIONS CORP COM NEW 741437305 3,071 204,711 SH DEFINED 1,2 204,711
PROCTOR AND GAMBLE CO COM 742718109 55,354 620,208 SH DEFINED 1,2 620,208
PROGRESSIVE CORP OHIO COM 743315103 4,916 33,900 SH DEFINED 1,2 33,900
PROVIDENT COS INC COM COM 743862104 2,540 63,500 SH DEFINED 1,2 63,500
PROVIDIAN FINL CORP COM 74406A102 6,192 66,229 SH DEFINED 1,2 66,229
PUBLIC SERVICE ENTERPRISE COM 744573106 4,230 103,494 SH DEFINED 1,2 103,494
PULTE CORP COM 745867101 471 20,414 SH DEFINED 1,2 20,414
QUAKER OATS COM 747402105 4,180 62,976 SH DEFINED 1,2 62,976
QUEST DIAGNOSTICS INC COM COM 74834L100 326 11,910 SH DEFINED 1,2 11,910
QUIMICA Y MINERA ADR (REP SPON ADR S 833635105 2,413 68,200 SH DEFINED 68,200
RALSTON-RALSTON PURINA GR COM RALPUR 751277302 4,623 151,895 SH DEFINED 1,2 151,895
RAYCHEM CORP COM 754603108 1,365 36,890 SH DEFINED 1,2 36,890
RAYTHEON CO CLASS B CL B 755111408 11,077 157,402 SH DEFINED 1,2 157,402
REEBOK INTL LTD COM 758110100 493 26,443 SH DEFINED 1,2 26,443
REGIONS FINL CORP COM 758940100 3,982 103,600 SH DEFINED 1,2 103,600
RELIANT ENERGY INC COM 75952J108 3,812 137,974 SH DEFINED 1,2 137,974
REPUBLIC N Y CORP COM 760719104 3,368 49,400 SH DEFINED 1,2 49,400
REYNOLDS METAL CO COM 761763101 1,792 30,375 SH DEFINED 1,2 30,375
RH DONNELLY CORP COM NEW 74955W307 316 16,131 SH DEFINED 1,2 16,131
RITE AID CORP COM 767754104 2,988 121,332 SH DEFINED 1,2 121,332
ROCKWELL INTL CORP NEW CO COM 773903109 5,447 89,656 SH DEFINED 1,2 89,656
ROHM & HAAS CO COM 775371107 4,267 99,513 SH DEFINED 1,2 99,513
ROWAN COS INC COM 779382100 725 39,303 SH DEFINED 1,2 39,303
ROYAL BANK OF CANADA COM 780087102 927 21,100 SH DEFINED 21,100
ROYAL DUTCH PETROLEUM NY REG GLD 780257804 68,140 1,134,534 SH DEFINED 1,2 1,134,534
RUSSELL CORP COM 782352108 330 16,925 SH DEFINED 1,2 16,925
RYDER SYSTEM INC COM 783549108 873 33,586 SH DEFINED 1,2 33,586
RYERSON TULL, INC COM 78375P107 519 23,021 SH DEFINED 1,2 23,021
SAFECO CORP COM 786429100 2,822 63,944 SH DEFINED 1,2 63,944
SAFETY-KLEEN CORP NEW COM COM NEW 78648R203 337 18,588 SH DEFINED 1,2 18,588
SAFEWAY INC COM NEW 786514208 11,415 230,600 SH DEFINED 1,2 230,600
SARA LEE COM 803111103 9,573 421,968 SH DEFINED 1,2 421,968
SBC COMMUNICATIONS INC COM 78387G103 53,023 914,194 SH DEFINED 1,2 914,194
SCHERING PLOUGH CORP COM 806605101 36,304 684,976 SH DEFINED 1,2 684,976
SCHLUMBERGER LTD COM 806857108 16,302 255,972 SH DEFINED 1,2 255,972
SCHWAB CHARLES CORP COM 808513105 20,849 189,750 SH DEFINED 1,2 189,750
SCIENTIFIC ATLANTA COM 808655104 1,261 35,032 SH DEFINED 1,2 35,032
SEAGATE TECHNOLOGY COM 811804103 2,706 105,600 SH DEFINED 1,2 105,600
SEAGRAM CO LTD COM 811850106 10,168 201,872 SH DEFINED 1,2 201,872
SEALED AIR COR CONV PFD S PFD CV A$2 81211K209 1,031 16,497 SH DEFINED 1,2 16,497
SEALED AIR CORP COM 81211K100 2,525 38,915 SH DEFINED 1,2 38,915
SEARS ROEBUCK & CO. USD0. COM 812387108 7,953 178,468 SH DEFINED 1,2 178,468
SEMPRA ENERGY COM 816851109 2,551 112,732 SH DEFINED 1,2 112,732
SERVICE CORP., INTERNATIO COM 817565104 2,447 127,122 SH DEFINED 1,2 127,122
SHARED MEDICAL SYSTEM COR COM 819486101 807 12,362 SH DEFINED 1,2 12,362
SHERWIN WILLIAMS CO COM 824348106 2,235 80,538 SH DEFINED 1,2 80,538
SIGMA-ALDRICH COM 826552101 1,622 47,100 SH DEFINED 1,2 47,100
SILICON GRAPHICS COM 827056102 1,436 87,700 SH DEFINED 1,2 87,700
SLM HLDG CORP COM COM 78442A109 3,486 76,100 SH DEFINED 1,2 76,100
SNAP-ON, INC. COM 833034101 1,085 29,973 SH DEFINED 1,2 29,973
SOLECTRON CORP COM 834182107 7,816 117,200 SH DEFINED 1,2 117,200
SONAT COM 835415100 1,708 51,556 SH DEFINED 1,2 51,556
SOUTHERN CO COM 842587107 8,669 327,132 SH DEFINED 1,2 327,132
SOUTHERN PERU COPPER CORP COM 843611104 485 33,600 SH DEFINED 33,600
SOUTHTRUST CORP COM 844730101 2,970 77,400 SH DEFINED 1,2 77,400
SOUTHWEST AIRLINES COM 844741108 4,884 156,925 SH DEFINED 1,2 156,925
SPDR TR UNIT SER 1 78462F103 2,576 18,982 SH DEFINED 1,2 18,982
SPRINGS INDUSTRIES CL A 851783100 370 8,481 SH DEFINED 1,2 8,481
SPRINT CORP COM FON GR 852061100 22,978 434,972 SH DEFINED 1,2 434,972
SPRINT CORP (PCS GROUP) PCS COMSE1 852061506 12,173 213,093 SH DEFINED 1,2 213,093
ST JUDE MEDICAL COM 790849103 1,401 39,315 SH DEFINED 1,2 39,315
ST PAUL COMPANIES COM 792860108 3,392 106,614 SH DEFINED 1,2 106,614
STANLEY WORKS COM 854616109 1,339 41,612 SH DEFINED 1,2 41,612
STAPLES INC COM 855030102 6,667 215,500 SH DEFINED 1,2 215,500
STATE STREET CORP COM 857477103 6,429 75,300 SH DEFINED 1,2 75,300
SUMMIT BANCORP COM COM 866005101 3,358 80,300 SH DEFINED 1,2 80,300
SUN MICROSYSTEMS INC COM 866810104 24,823 360,404 SH DEFINED 1,2 360,404
SUN TRUST BANKS INC COM 867914103 10,423 150,104 SH DEFINED 1,2 150,104
SUNOCO, INC. COM 86764P109 1,322 43,803 SH DEFINED 1,2 43,803
SUPER VALU STORES INC COM 868536103 1,446 56,306 SH DEFINED 1,2 56,306
SYNOVUS FINL CORP COM 87161C105 2,478 124,700 SH DEFINED 1,2 124,700
SYSCO CORP COM 871829107 4,604 154,420 SH DEFINED 1,2 154,420
TALISMAN ENERGY INC. COM 87425E103 1,201 46,000 SH DEFINED 46,000
TANDY CORP COM 875382103 4,443 90,900 SH DEFINED 1,2 90,900
TEKTRONIX INC COM 879131100 668 22,123 SH DEFINED 1,2 22,123
TELEBRAS ADR (REP 1000 PR SPONS ADR 879287100 2 24,500 SH DEFINED 24,500
TELEBRAS HOLDERS ADR SPONS ADR 879287308 2,205 24,500 SH DEFINED 24,500
TELEFONICA DE PERU-SPON A SPONS ADR 879384105 847 56,000 SH DEFINED 56,000
TELEFONOS DE MEXICO SA SP ADR ORL 879403780 7,920 98,000 SH DEFINED 98,000
TELKOMUNIKASI INDONESIA A SPONS ADR 715684106 1,608 129,300 SH DEFINED 129,300
TELLABS INC COM 879664100 12,310 182,200 SH DEFINED 1,2 182,200
TEMPLE INLAND INC COM 879868107 1,778 26,056 SH DEFINED 1,2 26,056
TENET HEALTHCARE CORP COM 88033G100 2,698 145,326 SH DEFINED 1,2 145,326
TENNECO INC NEW COM COM 88037E101 1,903 79,695 SH DEFINED 1,2 79,695
TEVA PHARMACEUTICALS INDS ADR 881624209 1,007 20,560 SH DEFINED 20,560
TEXACO INC COM 881694103 15,684 250,942 SH DEFINED 1,2 250,942
TEXAS INSTRUMENTS INC COM 882508104 26,508 182,812 SH DEFINED 1,2 182,812
TEXAS UTILITIES CO COM 882848104 5,420 131,384 SH DEFINED 1,2 131,384
TEXTRON INC COM 883203101 5,831 70,836 SH DEFINED 1,2 70,836
THERMO ELECTRON COM 883556102 1,491 74,300 SH DEFINED 1,2 74,300
THOMAS & BETTS COM 884315102 1,252 26,498 SH DEFINED 1,2 26,498
TIME WARNER INC COM COM 887315109 41,133 559,632 SH DEFINED 1,2 559,632
TIMES MIRROR CO COM SER A 887364107 2,006 33,852 SH DEFINED 1,2 33,852
TIMKEN COMPANY COM 887389104 564 28,930 SH DEFINED 1,2 28,930
TJX COS INC COM 872540109 5,008 150,328 SH DEFINED 1,2 150,328
TORCHMARK CORP COM 891027104 2,151 63,028 SH DEFINED 1,2 63,028
TORONTO DOMINION BANK COM NEW 891160509 1,807 37,000 SH DEFINED 37,000
TOYS R US INC COM 892335100 2,446 118,225 SH DEFINED 1,2 118,225
TRANSAMERICA CORP COM 893485102 4,507 60,084 SH DEFINED 1,2 60,084
TREX COMPANY INC COM 89531P105 14,336 564,949 SH DEFINED 1,2 564,949
TRIBUNE CO COM 896047107 4,860 55,782 SH DEFINED 1,2 55,782
TRICON GLOBAL RESTAURANTS COM 895953107 3,849 71,115 SH DEFINED 1,2 71,115
TRW INC. COM 872649108 3,086 56,246 SH DEFINED 1,2 56,246
TUBOS DE ACERE MEX ADR NEW 898592506 707 65,000 SH DEFINED 65,000
TUPPERWARE CORPCOM COM 899896104 690 27,048 SH DEFINED 1,2 27,048
TYCO INTERNATIONAL LTD COM 902124106 36,216 382,229 SH DEFINED 1,2 382,229
U S T INC COM 902911106 2,425 82,895 SH DEFINED 1,2 82,895
U S WEST INC COM 91273H101 13,857 235,857 SH DEFINED 1,2 235,857
U.S. BANCORP COM 902973106 11,532 339,192 SH DEFINED 1,2 339,192
UNICOM CORP COM 904911104 3,928 101,862 SH DEFINED 1,2 101,862
UNILEVER N V NEW YORK SHS NY SHS NEW 904784709 18,567 266,197 SH DEFINED 1,2 266,197
UNION CARBIDE CORP COM 905581104 3,040 62,365 SH DEFINED 1,2 62,365
UNION OIL CO OF CALIFORNI COM 915289102 4,560 115,099 SH DEFINED 1,2 115,099
UNION PACIFIC CORP COM 907818108 6,770 116,106 SH DEFINED 1,2 116,106
UNION PACIFIC RES GROUP I COM 907834105 1,923 117,859 SH DEFINED 1,2 117,859
UNION PLANTERS COM 908068109 2,949 66,000 SH DEFINED 1,2 66,000
UNISYS CORP. COM 909214108 5,590 149,465 SH DEFINED 1,2 149,465
UNITED HEALTH CARE CORP COM 910581107 5,110 81,600 SH DEFINED 1,2 81,600
UNITED TECH. CORP. COM 913017109 16,083 224,344 SH DEFINED 1,2 224,344
UNUM CORP COM 903192102 2,902 53,000 SH DEFINED 1,2 53,000
US AIRWAYS GROUP, INC COM 911905107 1,538 35,300 SH DEFINED 1,2 35,300
USX MARATHON GRP COM NEW 902905827 4,696 144,223 SH DEFINED 1,2 144,223
USX US STEEL GRP COM 90337T101 1,115 41,314 SH DEFINED 1,2 41,314
V F CORP COM 918204108 2,405 56,268 SH DEFINED 1,2 56,268
VIACOM INC CL B CL B 925524308 14,243 323,698 SH DEFINED 1,2 323,698
VITRO SA-SPONSORED ADR SPONS ADR 928502301 866 96,100 SH DEFINED 96,100
VODAFONE AIRTOUCH PUBLIC SPONS ADR 92857T107 23,834 120,984 SH DEFINED 1,2 120,984
VULCAN MATLS CO COM 929160109 232 4,800 SH DEFINED 1,2 4,800
WACHOVIA CORP COM 929771103 8,141 95,150 SH DEFINED 1,2 95,150
WADDELL & REED FINL INC C CL B 930059209 441 16,339 SH DEFINED 1,2 16,339
WAL-MART STORES INC COM 931142103 100,265 2,078,186 SH DEFINED 1,2 2,078,186
WALGREEN COM 931422109 13,676 465,568 SH DEFINED 1,2 465,568
WARNER LAMBERT CO COM 934488107 27,414 395,154 SH DEFINED 1,2 395,154
WASHINGTON MUTUAL INC COM COM 939322103 9,842 278,212 SH DEFINED 1,2 278,212
WASTE MANAGEMENT, INC. COM 94106L109 15,226 283,270 SH DEFINED 1,2 283,270
WATSON PHARMACEUTICALS IN COM 942683103 1,574 44,900 SH DEFINED 1,2 44,900
WELLPOINT CALIFORNIA SVCS COM 94973H108 2,699 31,800 SH DEFINED 1,2 31,800
WELLS FARGO CO COM 949746101 32,900 769,600 SH DEFINED 1,2 769,600
WENDYS INTERNATIONAL INC COM 950590109 1,647 58,186 SH DEFINED 1,2 58,186
WESTVACO COM 961548104 1,370 47,245 SH DEFINED 1,2 47,245
WEYERHAEUSER CO COM 962166104 6,415 93,312 SH DEFINED 1,2 93,312
WHIRLPOOL CORP COM 963320106 2,637 35,636 SH DEFINED 1,2 35,636
WILLAMETTE INDUSTRIES INC COM 969133107 2,400 52,100 SH DEFINED 1,2 52,100
WILLIAMS COMPANIES COM 969457100 8,592 201,860 SH DEFINED 1,2 201,860
WINN- DIXIE STORES COM 974280109 2,575 69,718 SH DEFINED 1,2 69,718
WORTHINGTON INDUSTRIES COM 981811102 715 43,505 SH DEFINED 1,2 43,505
WRIGLEY, WM. JR. COM 982526105 4,876 54,185 SH DEFINED 1,2 54,185
XEROX CORP. COM 984121103 18,243 308,882 SH DEFINED 1,2 308,882
3COM CORP COM 885535104 4,489 168,200 SH DEFINED 1,2 168,200
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