<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: September 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
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[Signature]
Bloomfield, CT
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[City, State]
November 9, 1999
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[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: 569
Form 13F Information Table Value Total: $5,058,119 (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$1000) PRN AMT CALL DISCRETION MANAGERS SOLE SHARED NONE
- -------- -------- -------- -------- ------- -------- ---- -------- -------- --------- --------- -----------
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- -------- -------- -------- --------------------- --------- -------- --------- --------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES COM 002824100 25,977 706,846 SH DEFINED 1,2 706,846
ABITIBI-CONSOLIDATED INC COM 003924107 635 53,400 SH DEFINED 53,400
ADAPTEC INC COM 00651F108 361 9,100 SH DEFINED 1,2 9,100
ADC TELECOMM COM 000886101 2,638 62,900 SH DEFINED 1,2 62,900
ADOBE SYSTEMS INC COM 00724F101 3,257 28,700 SH DEFINED 1,2 28,700
ADVANCED MICRO DEVICES IN COM 007903107 1,163 67,687 SH DEFINED 1,2 67,687
AEGON NV ORD AM REG 007924103 4,161 48,123 SH DEFINED 1,2 48,123
AES CORP COM 00130H105 5,227 88,600 SH DEFINED 1,2 88,600
AETNA INC COM 008117103 3,255 66,099 SH DEFINED 1,2 66,099
AGRIBRANDS INTL INC COM 00849R105 246 4,966 SH DEFINED 1,2 4,966
AIR PRODUCTS & CHEMICALS COM 009158106 3,119 107,320 SH DEFINED 1,2 107,320
ALBERTA ENERGY COM 012873105 2,533 89,052 SH DEFINED 89,052
ALBERTO-CULVER CL B CONV 013068101 606 26,214 SH DEFINED 1,2 26,214
ALBERTSONS INC COM 013104104 7,764 196,255 SH DEFINED 1,2 196,255
ALCAN ALUMINIUM LTD COM 013716105 3,303 105,692 SH DEFINED 1,2 105,692
ALCOA INC COM COM 013817101 10,597 170,752 SH DEFINED 1,2 170,752
ALLEGHENY TELDYNE INC COM 017415100 1,525 90,346 SH DEFINED 1,2 90,346
ALLERGAN INC COM 018490102 3,393 30,848 SH DEFINED 1,2 30,848
ALLIED SIGNAL INC COM 019512102 15,344 256,004 SH DEFINED 1,2 256,004
ALLIED WASTE INDS INC COM PR$.01 019589308 1,023 87,500 SH DEFINED 1,2 87,500
ALLSTATE CORP COM 020002101 9,292 372,604 SH DEFINED 1,2 372,604
ALLTEL CORP COM 020039103 10,226 145,305 SH DEFINED 1,2 145,305
ALZA CORP COM 022615108 1,979 46,222 SH DEFINED 1,2 46,222
AMER FAMILY COM 001055102 5,209 124,400 SH DEFINED 1,2 124,400
AMERADA HESS CORP COM 023551104 2,586 42,223 SH DEFINED 1,2 42,223
AMEREN CORP COM 023608102 2,421 64,014 SH DEFINED 1,2 64,014
AMERICA ONLINE INC DEL COM 02364J104 53,554 514,941 SH DEFINED 1,2 514,941
AMERICAN ELECTRIC POWER COM 025537101 3,073 90,060 SH DEFINED 1,2 90,060
AMERICAN EXPRESS CO COM 025816109 28,167 209,220 SH DEFINED 1,2 209,220
AMERICAN GENERAL CORP COM 026351106 7,355 116,399 SH DEFINED 1,2 116,399
AMERICAN GREETINGS CORP CL A 026375105 818 31,752 SH DEFINED 1,2 31,752
AMERICAN HOME PRODUCTS CO COM 026609107 25,218 607,652 SH DEFINED 1,2 607,652
AMERICAN INTERNATIONAL GR COM 026874107 67,820 780,097 SH DEFINED 1,2 780,097
AMERITECH CORP COM 030954101 34,283 510,260 SH DEFINED 1,2 510,260
AMGEN COM 031162100 19,291 236,696 SH DEFINED 1,2 236,696
AMR CORP COM 001765106 3,845 70,552 SH DEFINED 1,2 70,552
AMSOUTH BANCORPORATION COM 032165102 1,935 82,550 SH DEFINED 1,2 82,550
ANADARKO PETROLEUM CORP COM 032511107 1,800 58,900 SH DEFINED 1,2 58,900
ANDREW CORP COM 034425108 672 38,697 SH DEFINED 1,2 38,697
ANHEUSER BUSCH COMPANIES COM 035229103 15,256 217,744 SH DEFINED 1,2 217,744
AON CORP COM 037389103 3,533 119,500 SH DEFINED 1,2 119,500
APACHE CORP COM 037411105 2,224 51,500 SH DEFINED 1,2 51,500
APPLE COMPUTER INC COM 037833100 4,679 73,911 SH DEFINED 1,2 73,911
APPLIED MATERIALS INC COM 038222105 13,524 173,700 SH DEFINED 1,2 173,700
ARCHER DANIELS MIDLAND CO COM 039483102 3,524 289,169 SH DEFINED 1,2 289,169
ARMSTRONG WORLD INDUSTRIE COM 042476101 837 18,630 SH DEFINED 1,2 18,630
ASARCO INC COM 043413103 500 18,651 SH DEFINED 1,2 18,651
ASHLAND INC COM COM 044204105 1,159 34,463 SH DEFINED 1,2 34,463
ASIA PULP AND PAPER-SPONS SPONS ADR 04516V100 882 150,100 SH DEFINED 150,100
ASSOCIATES FIRST CAP CORP CL A 046008108 12,204 339,000 SH DEFINED 1,2 339,000
AT&T CORP COM 001957109 64,636 1,485,887 SH DEFINED 1,2 1,485,887
ATLANTIC RICHFIELD CO COM 048825103 13,293 149,986 SH DEFINED 1,2 149,986
AUTODESK COM 052769106 579 26,470 SH DEFINED 1,2 26,470
AUTOLIV INC COM COM 052800109 772 20,517 SH DEFINED 1,2 20,517
AUTOMATIC DATA PROCESSING COM 053015103 12,828 287,464 SH DEFINED 1,2 287,464
AUTOZONE COM 053332102 1,970 70,200 SH DEFINED 1,2 70,200
AVERY DENNISON CORP COM 053611109 2,811 53,290 SH DEFINED 1,2 53,290
AVON PRODUCTS INC COM 054303102 3,022 121,780 SH DEFINED 1,2 121,780
BAKER HUGHES INCORPORATED COM 057224107 4,422 152,496 SH DEFINED 1,2 152,496
BALL CORP COM 058498106 630 14,304 SH DEFINED 1,2 14,304
BANCO GANADERO S.A. SPADR PREC 059594507 207 28,000 SH DEFINED 28,000
BANK OF AMERICA CORP COM 060505104 44,747 803,539 SH DEFINED 1,2 803,539
BANK OF NEW YORK INC COM 064057102 11,472 343,100 SH DEFINED 1,2 343,100
BANK ONE CORP COM 06423A103 19,003 545,854 SH DEFINED 1,2 545,854
BANKBOSTON CORP COM 06605R106 6,083 140,338 SH DEFINED 1,2 140,338
BARD CR INC COM 067383109 1,139 24,207 SH DEFINED 1,2 24,207
BARRICK GOLD CORP COM 067901108 4,218 192,800 SH DEFINED 1,2 192,800
BATTLE MTN GOLD COM 071593107 350 107,700 SH DEFINED 1,2 107,700
BAUSCH &LOMBB INC COM 071707103 1,752 26,575 SH DEFINED 1,2 26,575
BAXTER INTERNATIONAL INC. COM 071813109 8,137 135,053 SH DEFINED 1,2 135,053
BB&T CORPORATION COM 054937107 4,804 148,400 SH DEFINED 1,2 148,400
BCE, INC., COM 05534B109 1,681 34,663 SH DEFINED 34,663
BEAR STEARNS COM 073902108 2,096 54,530 SH DEFINED 1,2 54,530
BECTON DICKINSON & CO COM 075887109 3,264 116,296 SH DEFINED 1,2 116,296
BED BATH & BEYOND INC COM 075896100 429 12,300 SH DEFINED 1,2 12,300
BELL ATLANTIC CORP COM 077853109 48,729 723,955 SH DEFINED 1,2 723,955
BELLSOUTH CORP COM 079860102 39,416 875,900 SH DEFINED 1,2 875,900
BEMIS CO COM 081437105 840 24,802 SH DEFINED 1,2 24,802
BEST BUY, INC. COM 086516101 5,902 95,100 SH DEFINED 1,2 95,100
BESTFOODS COM COM 08658U101 6,333 130,578 SH DEFINED 1,2 130,578
BETHLEHEM STEEL CORP COM 087509105 448 60,807 SH DEFINED 1,2 60,807
BIOMET INC COM 090613100 1,382 52,538 SH DEFINED 1,2 52,538
BLACK & DECKER CORP. COM 091797100 1,855 40,593 SH DEFINED 1,2 40,593
BMC SOFTWARE INC COM 055921100 7,893 110,300 SH DEFINED 1,2 110,300
BOEING CO COM 097023105 19,034 446,556 SH DEFINED 1,2 446,556
BOISE CASCADE CORP COM 097383103 962 26,404 SH DEFINED 1,2 26,404
BOSTON SCIENTIFIC CORP COM 101137107 4,696 190,200 SH DEFINED 1,2 190,200
BRAZIL FUND INC COMMON US COM 105759104 1,577 119,000 SH DEFINED 119,000
BRIGGS & STRATTON COM 109043109 634 10,862 SH DEFINED 1,2 10,862
BRISTOL MYERS SQUIBB CO COM 110122108 62,359 923,844 SH DEFINED 1,2 923,844
BROWN-FORMAN CORP. CL B 115637209 2,005 32,151 SH DEFINED 1,2 32,151
BRUNSWICK CORP COM 117043109 1,073 43,150 SH DEFINED 1,2 43,150
BURLINGTON NORTHERN SANTA COM 12189T104 5,975 217,258 SH DEFINED 1,2 217,258
BURLINGTON RESOURCES INC. COM 122014103 3,046 82,885 SH DEFINED 1,2 82,885
CABLETRON SYSTEMS INC COM 126920107 1,241 79,100 SH DEFINED 1,2 79,100
CAMPBELL SOUP COM 134429109 7,934 202,784 SH DEFINED 1,2 202,784
CANADIAN IMPERIAL BANK OF COM 136069101 4,468 232,271 SH DEFINED 232,271
CANADIAN NATIONAL RAILWAY COM 136375102 583 20,800 SH DEFINED 20,800
CAPITAL ONE FINL CORP COM 14040H105 3,576 91,700 SH DEFINED 1,2 91,700
CARDINAL HEALTH INC COM 14149Y108 6,938 127,300 SH DEFINED 1,2 127,300
CARNIVAL CRUISE LINE COM 143658102 12,428 285,700 SH DEFINED 1,2 285,700
CAROLINA POWER & LIGHT CO COM 144141108 2,615 73,922 SH DEFINED 1,2 73,922
CASE CORP COM 14743R103 1,793 36,000 SH DEFINED 1,2 36,000
CATERPILLAR INC. COM 149123101 9,136 166,672 SH DEFINED 1,2 166,672
CBS CORPORATION COM 12490K107 15,178 328,168 SH DEFINED 1,2 328,168
CENDANT CORP COM 151313103 5,965 336,053 SH DEFINED 1,2 336,053
CENTEX CORP COM 152312104 818 27,674 SH DEFINED 1,2 27,674
CENTRAL & SOUTH WEST CORP COM 152357109 2,101 99,451 SH DEFINED 1,2 99,451
CENTURYTEL INCCOM COM 156700106 2,635 64,850 SH DEFINED 1,2 64,850
CERIDIAN CORP COM 15677T106 1,663 66,866 SH DEFINED 1,2 66,866
CHAMPION INTERNATIONAL CO COM 158525105 2,301 44,796 SH DEFINED 1,2 44,796
CHASE MANHATTAN CORP NEW COM 16161A108 29,185 387,192 SH DEFINED 1,2 387,192
CHEVRON CORP COM 166751107 27,090 305,242 SH DEFINED 1,2 305,242
CHOICEPOINT INC COM 170388102 451 6,690 SH DEFINED 1,2 6,690
CHUBB CORP COM 171232101 4,039 81,094 SH DEFINED 1,2 81,094
CIGNA CORP COM 125509109 24,172 310,900 SH DEFINED 1,2 310,900
CINCINNATI FINL CORP COM 172062101 2,897 77,200 SH DEFINED 1,2 77,200
CINERGY CORP COM 172474108 2,102 74,227 SH DEFINED 1,2 74,227
CIRCUIT CITY STORES - CIR CIRCIT GRP 172737108 3,961 93,896 SH DEFINED 1,2 93,896
CISCO SYSTEMS COM 17275R102 103,625 1,511,400 SH DEFINED 1,2 1,511,400
CITIGROUP INC COM 172967101 69,140 1,571,354 SH DEFINED 1,2 1,571,354
CLEAR CHANNEL COMMUNICATI COM 184502102 12,500 156,500 SH DEFINED 1,2 156,500
CLOROX CO COM 189054109 4,195 109,668 SH DEFINED 1,2 109,668
CMS ENERGY CORP COM 125896100 1,833 54,000 SH DEFINED 1,2 54,000
COASTAL CORP COM 190441105 4,080 99,674 SH DEFINED 1,2 99,674
COCA COLA CO COM 191216100 55,251 1,149,514 SH DEFINED 1,2 1,149,514
COCA-COLA ENTERPRISES COM 191219104 4,449 197,200 SH DEFINED 1,2 197,200
COLGATE-PALMOLIVE CO COM 194162103 12,396 270,948 SH DEFINED 1,2 270,948
COLUMBIA ENERGY GROUP COM 197648108 2,143 38,708 SH DEFINED 1,2 38,708
COLUMBIA HEALTHCARE CORP COM 197677107 5,593 263,961 SH DEFINED 1,2 263,961
COMCAST CORP CL A 200300101 206 5,700 SH DEFINED 1,2 5,700
COMCAST CORP CL A SPL 200300200 13,915 348,964 SH DEFINED 1,2 348,964
COMERICA INC COM 200340107 3,691 72,900 SH DEFINED 1,2 72,900
COMMSCOPE INC COM COM 203372107 653 20,098 SH DEFINED 1,2 20,098
COMPAQ COMPUTER CORP COM 204493100 18,154 791,451 SH DEFINED 1,2 791,451
COMPUTER ASSOCIATES INTL COM 204912109 15,292 249,673 SH DEFINED 1,2 249,673
COMPUTER SCIENCES COM 205363104 5,216 74,184 SH DEFINED 1,2 74,184
COMPUWARE CORP COM 205638109 4,332 166,200 SH DEFINED 1,2 166,200
CONAGRA INC COM 205887102 5,143 227,948 SH DEFINED 1,2 227,948
CONOCO INC CL B 208251405 8,058 294,343 SH DEFINED 1,2 294,343
CONSECO INC COM 208464107 2,903 150,342 SH DEFINED 1,2 150,342
CONSOLIDATED EDISON INC COM 209115104 4,326 104,236 SH DEFINED 1,2 104,236
CONSOLIDATED NATURAL GAS COM 209615103 2,801 44,902 SH DEFINED 1,2 44,902
CONSOLIDATED STORES CORP COM 210149100 1,119 50,700 SH DEFINED 1,2 50,700
CONSTELLATION ENGY GRP IN COM 210371100 1,966 69,902 SH DEFINED 1,2 69,902
COOPER INDUSTRIES INC COM 216669101 2,100 44,915 SH DEFINED 1,2 44,915
COOPER TIRE & RUBBER CO COM 216831107 621 35,216 SH DEFINED 1,2 35,216
COORS ADOLPH CL B 217016104 923 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 7,734 112,797 SH DEFINED 1,2 112,797
COSTCO WHSL CORP NEW COM COM 22160K105 7,367 102,315 SH DEFINED 1,2 102,315
COUNTRYWIDE CREDIT COM 222372104 1,693 52,500 SH DEFINED 1,2 52,500
COVANCE INC COM COM 222816100 231 23,823 SH DEFINED 1,2 23,823
COX COMMUNICATIONS INC CL A 224044107 2,720 65,156 SH DEFINED 1,2 65,156
CRANE CORP COM 224399105 710 31,651 SH DEFINED 1,2 31,651
CROWN CORK & SEAL INC COM 228255105 1,391 57,377 SH DEFINED 1,2 57,377
CSX CORPORATION COM 126408103 4,305 101,590 SH DEFINED 1,2 101,590
CUMMINS ENGINE CO COM 231021106 977 19,604 SH DEFINED 1,2 19,604
CVS CORP COM COM 126650100 7,444 182,388 SH DEFINED 1,2 182,388
CYPRUS AMAX MINERALS COM 232809103 830 42,298 SH DEFINED 1,2 42,298
DANA CORP COM 235811106 2,876 77,464 SH DEFINED 1,2 77,464
DANAHER CORPORATION COM 235851102 3,462 65,700 SH DEFINED 1,2 65,700
DARDEN RESTAURANTS INC COM 237194105 1,229 62,840 SH DEFINED 1,2 62,840
DATA GENERAL CORP COM 237688106 495 23,505 SH DEFINED 1,2 23,505
DAYTON HUDSON CORP COM 239753106 12,377 206,076 SH DEFINED 1,2 206,076
DEERE & CO COM 244199105 4,213 108,905 SH DEFINED 1,2 108,905
DELL COMPUTER COM 247025109 49,443 1,182,500 SH DEFINED 1,2 1,182,500
DELPHI AUTOMOTIVE COM 247126105 4,226 263,113 SH DEFINED 1,2 263,113
DELTA AIRLINES INC COM 247361108 3,187 65,710 SH DEFINED 1,2 65,710
DELUXE CHECK PRINTERS INC COM 248019101 1,240 36,471 SH DEFINED 1,2 36,471
DEVON ENERGY CORPORATION COM 25179M103 790 19,073 SH DEFINED 1,2 19,073
DILLARD'S INC CL A 254067101 1,011 49,782 SH DEFINED 1,2 49,782
DISNEY WALT PRODUCTIONS COM 254687106 24,820 959,212 SH DEFINED 1,2 959,212
DOLLAR GENERAL COM 256669102 3,200 103,641 SH DEFINED 1,2 103,641
DOMINION RES INC VIRGINIA COM 257470104 4,060 89,971 SH DEFINED 1,2 89,971
DONNELLY, R.R. & SONS CO. COM 257867101 1,777 61,534 SH DEFINED 1,2 61,534
DOVER CORP COM 260003108 4,028 98,548 SH DEFINED 1,2 98,548
DOW CHEMICAL CO COM 260543103 11,652 102,549 SH DEFINED 1,2 102,549
DOW JONES COM 260561105 2,257 42,278 SH DEFINED 1,2 42,278
DTE ENERGY CO COM 233331107 2,448 67,777 SH DEFINED 1,2 67,777
DUKE ENERGY CORP COM 264399106 9,367 169,926 SH DEFINED 1,2 169,926
DUN & BRADSTREET CORP COM 26483B106 2,290 76,661 SH DEFINED 1,2 76,661
E M C CORP MASS COM 268648102 33,604 470,400 SH DEFINED 1,2 470,400
E.I. DUPONT DE NEMOURS & COM 263534109 27,580 453,057 SH DEFINED 1,2 453,057
EARTHGRAINS CO COM 270319106 349 15,784 SH DEFINED 1,2 15,784
EASTERN ENTERPRISES COM 27637F100 558 12,025 SH DEFINED 1,2 12,025
EASTMAN CHEMICAL CO.,INC. COM 277432100 1,517 37,899 SH DEFINED 1,2 37,899
EASTMAN KODAK CO. COM 277461109 11,150 147,798 SH DEFINED 1,2 147,798
EATON CORP COM 278058102 2,894 33,530 SH DEFINED 1,2 33,530
ECHOSTAR COMMUNICATIONS C CL A 278762109 2,452 27,000 SH DEFINED 1,2 27,000
ECOLAB COM 278865100 2,059 60,340 SH DEFINED 1,2 60,340
EDISON INTERNATIONAL COM 281020107 3,960 162,868 SH DEFINED 1,2 162,868
EL PASO ENERGY CORP DEL C COM 283905107 3,054 76,704 SH DEFINED 1,2 76,704
ELECTRONIC DATA SYS CORP COM 285661104 12,149 229,500 SH DEFINED 1,2 229,500
EMBOTELLADORA ANDINA SA " SPON ADR A 29081P204 461 26,600 SH DEFINED 26,600
EMERSON ELECTRIC CO COM 291011104 12,848 203,324 SH DEFINED 1,2 203,324
ENGELHARD CORP COM 292845104 1,088 59,846 SH DEFINED 1,2 59,846
ENRON CORP. COM 293561106 13,678 331,592 SH DEFINED 1,2 331,592
ENTERGY CORP. (NEW) COM 29364G103 3,336 115,296 SH DEFINED 1,2 115,296
EQUANT NV NY REG SHS 294409107 6,260 77,300 SH DEFINED 77,300
EQUIFAX INC COM 294429105 1,898 67,500 SH DEFINED 1,2 67,500
EXXON CORP COM 302290101 85,951 1,131,892 SH DEFINED 1,2 1,131,892
FANNIE MAE COM 313586109 29,897 476,928 SH DEFINED 1,2 476,928
FDX CORP HOLDING CO COM 31304N107 5,375 138,702 SH DEFINED 1,2 138,702
FEDERATED DEPT STORES INC COM 31410H101 4,246 97,200 SH DEFINED 1,2 97,200
FIFTH THIRD BANCORP COM 316773100 7,672 126,100 SH DEFINED 1,2 126,100
FINOVA GROUP INC COM COM 317928109 280 7,672 SH DEFINED 1,2 7,672
FIRST DATA CORP COM 319963104 8,832 201,300 SH DEFINED 1,2 201,300
FIRST UNION CORP COM 337358105 15,846 445,583 SH DEFINED 1,2 445,583
FIRSTAR CORP COM COM 33763V109 11,810 460,897 SH DEFINED 1,2 460,897
FIRSTENERGY CORP COM 337932107 2,796 109,655 SH DEFINED 1,2 109,655
FLEET FINANCIAL CORPORATI COM 338915101 8,763 239,264 SH DEFINED 1,2 239,264
FLEETWOOD ENTERPRISES INC COM 339099103 331 16,416 SH DEFINED 1,2 16,416
FLORIDA PROGRESS CORP COM 341109106 2,100 45,400 SH DEFINED 1,2 45,400
FLUOR CORP COM 343861100 1,420 35,273 SH DEFINED 1,2 35,273
FMC CORP COM NEW 302491303 719 14,907 SH DEFINED 1,2 14,907
FOMENTO ECON MEXICANO UBD SP ADR UNI 344419106 548 17,500 SH DEFINED 17,500
FORD MOTOR CO DEL COM 345370100 28,242 562,726 SH DEFINED 1,2 562,726
FORT JAMES CORP COM 347471104 2,743 102,767 SH DEFINED 1,2 102,767
FORTUNE BRANDS INC COM 349631101 2,527 78,345 SH DEFINED 1,2 78,345
FOSTER WHEELER COM 350244109 231 19,129 SH DEFINED 1,2 19,129
FPL GROUP INC COM 302571104 4,250 84,376 SH DEFINED 1,2 84,376
FRANKLIN RESOURCES COM 354613101 3,625 117,900 SH DEFINED 1,2 117,900
FREDDIE MAC COM 313400301 16,814 323,348 SH DEFINED 1,2 323,348
FREEPORT MCMORAN COPPER + CL B 35671D857 1,194 76,700 SH DEFINED 1,2 76,700
FRUIT OF TH LOOM, LTD CL ORD CL A G3682L105 91 27,600 SH DEFINED 1,2 27,600
GANNETT CO COM 364730101 9,120 131,814 SH DEFINED 1,2 131,814
GAP, INC. COM 364760108 12,730 397,801 SH DEFINED 1,2 397,801
GATEWAY INC COM 367626108 6,461 145,400 SH DEFINED 1,2 145,400
GENER SA ADS (1 COM NPV) SPONS ADR 368731105 1,199 78,600 SH DEFINED 78,600
GENERAL COMMUNICATION I-C CL A 369385109 879 168,399 SH DEFINED 1,2 168,399
GENERAL DYNAMICS CORP COM 369550108 5,811 93,068 SH DEFINED 1,2 93,068
GENERAL ELECTRIC CO COM 369604103 181,107 1,527,562 SH DEFINED 1,2 1,527,562
GENERAL INSTRUMENT CORP COM 370120107 3,855 80,100 SH DEFINED 1,2 80,100
GENERAL MILLS INC COM 370334104 5,771 71,140 SH DEFINED 1,2 71,140
GENERAL MOTORS CORP COM 370442105 18,912 300,493 SH DEFINED 1,2 300,493
GENERAL SEMICONDUCTOR INC COM 370787103 155 15,075 SH DEFINED 1,2 15,075
GENUINE PARTS COMPANY COM 372460105 2,295 86,478 SH DEFINED 1,2 86,478
GEORGIA-PACIFIC CORP (GRO COM GA PAC 373298108 3,262 80,550 SH DEFINED 1,2 80,550
GILLETTE CO. COM 375766102 17,125 504,592 SH DEFINED 1,2 504,592
GLOBAL CROSSING LTD COM G3921A100 9,154 345,425 SH DEFINED 1,2 345,425
GOLDEN WEST FINANCIAL COM 381317106 2,554 25,993 SH DEFINED 1,2 25,993
GOODRICH B F CO COM 382388106 1,420 48,976 SH DEFINED 1,2 48,976
GOODYEAR TIRE & RUBBER CO COM 382550101 3,508 72,892 SH DEFINED 1,2 72,892
GPU INC COM 36225X100 1,928 59,100 SH DEFINED 1,2 59,100
GRACE WR & CO COM 38388F108 524 32,633 SH DEFINED 1,2 32,633
GRAINGER W W INC COM 384802104 2,102 43,730 SH DEFINED 1,2 43,730
GREAT ATLANTIC & PACIFIC COM 390064103 545 17,990 SH DEFINED 1,2 17,990
GREAT LAKES CHEMICAL COM 390568103 1,037 27,254 SH DEFINED 1,2 27,254
GRUPO INDUS MASECA ADR (R SPON ADR N 400488409 190 21,000 SH DEFINED 21,000
GRUPO TELEVISA ADR (REP SP ADR REP 40049J206 2,237 56,000 SH DEFINED 56,000
GTE CORP COM 362320103 34,948 454,607 SH DEFINED 1,2 454,607
GUIDANT CORP COM 401698105 7,529 140,400 SH DEFINED 1,2 140,400
H&R BLOCK COM 093671105 1,987 45,734 SH DEFINED 1,2 45,734
HALLIBURTON COM 406216101 8,433 205,682 SH DEFINED 1,2 205,682
HARCOURT GENNC COM 41163G101 1,382 33,199 SH DEFINED 1,2 33,199
HARRAHS ENTMT INC COM 413619107 1,631 58,772 SH DEFINED 1,2 58,772
HARRIS CORP COM 413875105 1,027 37,174 SH DEFINED 1,2 37,174
HARTFORD FIN SERV GRP INC COM 416515104 4,714 115,322 SH DEFINED 1,2 115,322
HASBRO INC. COM 418056107 1,963 91,565 SH DEFINED 1,2 91,565
HEALTHSOUTH REHABILITATIO COM 421924101 1,179 194,500 SH DEFINED 1,2 194,500
HEINZ HJ CO COM 423074103 7,206 167,572 SH DEFINED 1,2 167,572
HELMERICH & PAYNE COM 423452101 588 23,212 SH DEFINED 1,2 23,212
HERCULES INC COM 427056106 1,391 48,593 SH DEFINED 1,2 48,593
HERSHEY FOODS CORP COM 427866108 3,172 65,156 SH DEFINED 1,2 65,156
HEWLETT PACKARD CO COM 428236103 43,374 471,456 SH DEFINED 1,2 471,456
HILTON HOTELS CORP COM 432848109 1,185 120,016 SH DEFINED 1,2 120,016
HOME DEPOT COM 437076102 47,314 689,452 SH DEFINED 1,2 689,452
HOMESTAKE MINING CO COM 437614100 1,091 118,726 SH DEFINED 1,2 118,726
HONEYWELL INC COM 438506107 6,607 59,356 SH DEFINED 1,2 59,356
HOST MARRIOTT CORP (REIT) COM 44107P104 141 14,814 SH DEFINED 1,2 14,814
HOUSEHOLD INTERNATIONAL,I COM 441815107 8,979 223,765 SH DEFINED 1,2 223,765
HUMANA INC COM 444859102 538 78,300 SH DEFINED 1,2 78,300
HUNTINGTON BANCSHARES INC COM 446150104 2,874 108,187 SH DEFINED 1,2 108,187
IKON OFFICE SOLUTIONS, IN COM 451713101 727 68,026 SH DEFINED 1,2 68,026
ILLINOIS TOOL WORKS INC. COM 452308109 8,712 116,848 SH DEFINED 1,2 116,848
IMS HEALTH INC COM COM 449934108 3,327 145,822 SH DEFINED 1,2 145,822
INCO LTD COM 453258402 1,874 87,689 SH DEFINED 1,2 87,689
INDIA FUND INC. USD0.001 COM 454089103 5,714 443,800 SH DEFINED 443,800
INGERSOLL RAND CO COM 456866102 4,256 77,468 SH DEFINED 1,2 77,468
INTEL CORP. COM 458140100 114,506 1,540,846 SH DEFINED 1,2 1,540,846
INTERNATIONAL BUSINESS MA COM 459200101 102,384 843,556 SH DEFINED 1,2 843,556
INTERNATIONAL PAPER CO COM 460146103 9,234 192,118 SH DEFINED 1,2 192,118
INTERPUBLIC GROUP COS INC COM 460690100 5,363 130,400 SH DEFINED 1,2 130,400
INTL FLAVORS & FRAGRANCES COM 459506101 1,708 49,498 SH DEFINED 1,2 49,498
ITT INDUSTRIES,INC. COM 450911102 1,317 41,411 SH DEFINED 1,2 41,411
JEFFERSON PILOT COM 475070108 3,127 49,493 SH DEFINED 1,2 49,493
JOHN H HARLAND COM 412693103 273 14,032 SH DEFINED 1,2 14,032
JOHNSON & JOHNSON COM 478160104 57,561 626,512 SH DEFINED 1,2 626,512
JOHNSON CONTROLS INC COM 478366107 2,646 39,900 SH DEFINED 1,2 39,900
JOSTENS INC COM 481088102 310 16,233 SH DEFINED 1,2 16,233
K MART CORP COM 482584109 2,700 230,976 SH DEFINED 1,2 230,976
KANSAS CITY SO. IND COM 485170104 2,382 51,300 SH DEFINED 1,2 51,300
KAUFMAN & BROAD HOME CORP COM 486168107 453 21,968 SH DEFINED 1,2 21,968
KELLOGG CO COM 487836108 7,056 188,464 SH DEFINED 1,2 188,464
KERR MCGEE COM 492386107 2,219 40,299 SH DEFINED 1,2 40,299
KEYCORP COM 493267108 5,415 209,792 SH DEFINED 1,2 209,792
KIMBERLY CLARK CORP COM 494368103 13,044 248,452 SH DEFINED 1,2 248,452
KING WORLD PROD COM 495667107 1,241 33,102 SH DEFINED 1,2 33,102
KINROSS GOLD CORP COM 496902107 114 36,440 SH DEFINED 1,2 36,440
KLA INSTRUMENTS COM 482480100 2,665 41,000 SH DEFINED 1,2 41,000
KNIGHT RIDDER NEWSPAPERS COM 499040103 2,023 36,874 SH DEFINED 1,2 36,874
KOHLS CORP COM 500255104 4,979 75,300 SH DEFINED 1,2 75,300
KROGER CO COM 501044101 8,465 383,696 SH DEFINED 1,2 383,696
L S I LOGIC CORP COM 502161102 3,512 68,200 SH DEFINED 1,2 68,200
LAIDLAW INC COM 50730K503 1,037 153,700 SH DEFINED 1,2 153,700
LAN CHILE S.A. ADR SPONS ADR 501723100 995 126,400 SH DEFINED 126,400
LEHMAN BROTHERS HLDGS INC COM 524908100 3,227 55,340 SH DEFINED 1,2 55,340
LEXMARK INTL GROUP INC CL CL A 529771107 4,814 59,800 SH DEFINED 1,2 59,800
LILLY ELI & CO COM 532457108 32,515 508,036 SH DEFINED 1,2 508,036
LIMITED THE COM 532716107 3,841 100,424 SH DEFINED 1,2 100,424
LINCOLN NATIONAL CORP COM 534187109 3,701 98,540 SH DEFINED 1,2 98,540
LIZ CLAIBORNE INC COM 539320101 917 29,583 SH DEFINED 1,2 29,583
LOCKHEED MARTIN CORP COM 539830109 6,021 184,214 SH DEFINED 1,2 184,214
LOEWS CORP COM 540424108 3,966 56,500 SH DEFINED 1,2 56,500
LONGS DRUG STORE COM 543162101 544 18,210 SH DEFINED 1,2 18,210
LOUISIANA PACIFIC CORP COM 546347105 782 50,052 SH DEFINED 1,2 50,052
LOWES COMPANIES INC COM 548661107 8,630 177,032 SH DEFINED 1,2 177,032
LTV CORP. COM 501921100 62 11,374 SH DEFINED 1,2 11,374
LUCENT TECHNOLOGIES INC COM 549463107 92,478 1,425,501 SH DEFINED 1,2 1,425,501
MALLINCKRODT INC NEW COM 561232109 1,002 33,207 SH DEFINED 1,2 33,207
MARRIOTT INTL CLASS A CL A 571903202 4,501 137,696 SH DEFINED 1,2 137,696
MARSH & MCLENNAN COM 571748102 8,405 122,704 SH DEFINED 1,2 122,704
MASCO CORP COM 574599106 6,420 207,100 SH DEFINED 1,2 207,100
MATAV RT-SPONSORED ADR SPONS ADR 559776109 767 28,140 SH DEFINED 28,140
MATTEL INC COM 577081102 3,671 193,222 SH DEFINED 1,2 193,222
MAY DEPT STORES CO COM 577778103 5,718 156,936 SH DEFINED 1,2 156,936
MAYTAG COMPANY COM 578592107 1,373 41,225 SH DEFINED 1,2 41,225
MBIA, INC. COM 55262C100 2,173 46,600 SH DEFINED 1,2 46,600
MBNA CORP COM 55262L100 8,544 374,530 SH DEFINED 1,2 374,530
MCDERMOTT INTERNATIONAL I COM 580037109 561 27,697 SH DEFINED 1,2 27,697
MCDONALDS CORP COM 580135101 27,095 630,112 SH DEFINED 1,2 630,112
MCGRAW HILL INC COM 580645109 4,445 91,896 SH DEFINED 1,2 91,896
MCI WORLDCOM INC COM COM 55268B106 62,570 870,538 SH DEFINED 1,2 870,538
MCKESSON HBOC, INC. COM 58155Q103 3,775 130,168 SH DEFINED 1,2 130,168
MEAD CORP. COM 582834107 1,633 47,510 SH DEFINED 1,2 47,510
MEDIAONE GROUP,INC COM 58440J104 19,287 282,339 SH DEFINED 1,2 282,339
MEDTRONIC COM 585055106 19,289 543,344 SH DEFINED 1,2 543,344
MELLON BANK CORP COM 585509102 8,122 240,652 SH DEFINED 1,2 240,652
MERCK & COMPANY COM 589331107 70,838 1,092,990 SH DEFINED 1,2 1,092,990
MEREDITH CORP COM 589433101 887 24,416 SH DEFINED 1,2 24,416
MERRILL LYNCH & CO INC COM 590188108 11,530 171,608 SH DEFINED 1,2 171,608
MEXICO FUND INC USD 1 COM 592835102 732 52,500 SH DEFINED 52,500
MGIC INVT CORP WIS COM 552848103 2,430 50,900 SH DEFINED 1,2 50,900
MICRON TECHNOLOGY INC COM 595112103 7,761 116,600 SH DEFINED 1,2 116,600
MICROSOFT CORP COM 594918104 215,185 2,376,124 SH DEFINED 1,2 2,376,124
MILACRON INC COM 598709103 310 17,480 SH DEFINED 1,2 17,480
MILLIPORE CORP COM 601073109 774 20,608 SH DEFINED 1,2 20,608
MINAS BUENAVENTURA-SPON A SPON ADR B 204448104 242 14,000 SH DEFINED 14,000
MINNESOTA MINING & MANUFA COM 604059105 18,002 187,402 SH DEFINED 1,2 187,402
MIRAGE RESORTS, INC COM 60462E104 1,285 91,400 SH DEFINED 1,2 91,400
MOBIL CORP COM 607059102 36,681 364,082 SH DEFINED 1,2 364,082
MONSANTO COMPANY COM 611662107 10,486 293,830 SH DEFINED 1,2 293,830
MORGAN STANLEY DEAN WITTE COM NEW 617446448 23,698 265,705 SH DEFINED 1,2 265,705
MORGAN, J.P., & CO., INC COM 616880100 9,316 81,541 SH DEFINED 1,2 81,541
MOTOROLA INC COM 620076109 24,802 281,836 SH DEFINED 1,2 281,836
N L INDUSTRIES COM NEW 629156407 245 19,412 SH DEFINED 1,2 19,412
NABISCO GROUP BLDG CORP COM 62952P102 2,274 151,600 SH DEFINED 1,2 151,600
NACCO INDUSTRIES INC CL A 629579103 261 3,734 SH DEFINED 1,2 3,734
NATIONAL CITY CORP COM 635405103 7,780 291,500 SH DEFINED 1,2 291,500
NATIONAL SEMICONDUCTOR CO COM 637640103 2,386 78,233 SH DEFINED 1,2 78,233
NATIONAL SERVICE INDUSTRY COM 637657107 607 19,285 SH DEFINED 1,2 19,285
NAVISTAR INTL COM 63934E108 1,446 31,091 SH DEFINED 1,2 31,091
NETWORK APPLIANCE INC COM COM 64120L104 2,399 33,500 SH DEFINED 1,2 33,500
NEW CENTY ENERGIES INC COM 64352U103 1,799 53,800 SH DEFINED 1,2 53,800
NEW YORK TIMES CL A CL A 650111107 3,070 81,870 SH DEFINED 1,2 81,870
NEWELL RUBBERMAID, INC COM 651229106 3,740 130,926 SH DEFINED 1,2 130,926
NEWMONT MINING COM 651639106 2,014 77,823 SH DEFINED 1,2 77,823
NEWPORT NEWS SHIPBUILDING COM 652228107 450 13,919 SH DEFINED 1,2 13,919
NEXTEL COMMUNICATIONS INC CL A 65332V103 10,423 153,700 SH DEFINED 1,2 153,700
NIAGARA MOHAWK HOLDINGS, COM 653520106 1,348 87,290 SH DEFINED 1,2 87,290
NICOR INC COM 654086107 820 22,048 SH DEFINED 1,2 22,048
NIELSEN MEDIA RESEARCH COM NEW 653929307 950 25,552 SH DEFINED 1,2 25,552
NIKE INC CL B 654106103 7,496 131,796 SH DEFINED 1,2 131,796
NORDSTROM INC COM 655664100 1,808 66,954 SH DEFINED 1,2 66,954
NORFOLK SOUTHERN CORP COM 655844108 4,346 177,391 SH DEFINED 1,2 177,391
NORTEL NETWORKS CORP COM COM 656569100 31,485 617,348 SH DEFINED 1,2 617,348
NORTHERN STATES POWER CO COM 665772109 1,541 71,454 SH DEFINED 1,2 71,454
NORTHERN TRUST COM 665859104 4,359 52,200 SH DEFINED 1,2 52,200
NORTHROP GRUMMAN CORP COM 666807102 2,046 32,195 SH DEFINED 1,2 32,195
NOVELL INC COM 670006105 3,283 158,692 SH DEFINED 1,2 158,692
NUCOR CORP COM 670346105 1,941 40,746 SH DEFINED 1,2 40,746
OCCIDENTAL PETROLEUM CORP COM 674599105 3,764 162,776 SH DEFINED 1,2 162,776
OFFICE DEPOT COM 676220106 1,784 175,100 SH DEFINED 1,2 175,100
OMNICOM GROUP COM 681919106 6,501 82,100 SH DEFINED 1,2 82,100
ONEOK INC NEW COM COM 682680103 449 14,802 SH DEFINED 1,2 14,802
ORACLE CORPORATION COM 68389X105 30,441 669,028 SH DEFINED 1,2 669,028
OWENS CORNING COM 69073F103 555 25,590 SH DEFINED 1,2 25,590
OWENS ILL INC COM NEW 690768403 1,442 72,800 SH DEFINED 1,2 72,800
P P + L RES INC COM 693499105 1,986 73,400 SH DEFINED 1,2 73,400
PACCAR INC COM 693718108 1,856 36,476 SH DEFINED 1,2 36,476
PACIFICORP COM 695114108 2,794 138,838 SH DEFINED 1,2 138,838
PAINE WEBBER INC COM 695629105 2,458 67,800 SH DEFINED 1,2 67,800
PALL CORP COM 696429307 1,347 58,073 SH DEFINED 1,2 58,073
PARAMETRIC TECHNOLOGY COM 699173100 1,701 126,000 SH DEFINED 1,2 126,000
PARKER HANNIFIN COM 701094104 2,270 50,652 SH DEFINED 1,2 50,652
PAYCHEX INC COM 704326107 3,895 114,150 SH DEFINED 1,2 114,150
PAYLESS SHOESOURCE INC COM 704379106 781 15,475 SH DEFINED 1,2 15,475
PE CORP COM CELERA GENOMI CELGEN GRP 69332S201 471 11,709 SH DEFINED 1,2 11,709
PE CORP COM PE BIOSYS GRO COM PE BIO 69332S102 3,428 47,440 SH DEFINED 1,2 47,440
PECO ENERGY CO COM 693304107 3,392 90,573 SH DEFINED 1,2 90,573
PENNEY J C INC COM 708160106 4,217 122,666 SH DEFINED 1,2 122,666
PEOPLES ENERGY CORP COM 711030106 585 16,620 SH DEFINED 1,2 16,620
PEOPLESOFT COM 712713106 1,892 111,700 SH DEFINED 1,2 111,700
PEP BOYS MANNY MOE & JACK COM 713278109 382 25,677 SH DEFINED 1,2 25,677
PEPSICO INC COM 713448108 20,550 679,352 SH DEFINED 1,2 679,352
PETRO CANADA COM/VARIBL 71644E102 447 30,000 SH DEFINED 30,000
PFIZER INC COM 717081103 64,848 1,804,564 SH DEFINED 1,2 1,804,564
PG+E CORPORATION COM 69331C108 4,637 179,194 SH DEFINED 1,2 179,194
PHARMACIA & UPJOHN INC COM 716941109 11,726 236,289 SH DEFINED 1,2 236,289
PHELPS DODGE CORP COM 717265102 1,492 27,097 SH DEFINED 1,2 27,097
PHILIP MORRIS COS INC COM 718154107 38,005 1,111,677 SH DEFINED 1,2 1,111,677
PHILLIPS PETROLEUM CO COM 718507106 5,762 118,187 SH DEFINED 1,2 118,187
PIONEER HI BRED INTL INC COM 723686101 4,441 111,540 SH DEFINED 1,2 111,540
PITNEY BOWES INC COM 724479100 7,638 125,336 SH DEFINED 1,2 125,336
PLACER DOME COM 725906101 2,216 148,970 SH DEFINED 1,2 148,970
PNC BANK CORP COM 693475105 7,467 141,724 SH DEFINED 1,2 141,724
POGO PRODUCING CO COM 730448107 5,207 273,171 SH DEFINED 1,2 273,171
POLAROID CORP COM 731095105 536 20,617 SH DEFINED 1,2 20,617
POTLATCH CORP COM 737628107 552 13,393 SH DEFINED 1,2 13,393
PPG INDUSTRIES, INC. COM 693506107 4,891 81,522 SH DEFINED 1,2 81,522
PRAXAIR INC COM 74005P104 3,390 73,704 SH DEFINED 1,2 73,704
PRICE COMMUNICATIONS CORP COM NEW 741437305 5,940 236,992 SH DEFINED 1,2 236,992
PROCTOR AND GAMBLE CO COM 742718109 57,938 618,008 SH DEFINED 1,2 618,008
PROGRESSIVE CORP OHIO COM 743315103 2,777 34,000 SH DEFINED 1,2 34,000
PROVIDIAN FINL CORP COM 74406A102 5,245 66,229 SH DEFINED 1,2 66,229
PUBLIC SERVICE ENTERPRISE COM 744573106 3,990 103,294 SH DEFINED 1,2 103,294
PULTE CORP COM 745867101 446 20,514 SH DEFINED 1,2 20,514
QUAKER OATS COM 747402105 3,890 62,876 SH DEFINED 1,2 62,876
QUALCOMM COM 747525103 14,057 74,300 SH DEFINED 1,2 74,300
QUEST DIAGNOSTICS INC COM COM 74834L100 310 11,910 SH DEFINED 1,2 11,910
QUIMICA Y MINERA ADR (REP SPON ADR B 833635105 1,973 66,600 SH DEFINED 66,600
RALSTON-RALSTON PURINA GR COM RALPUR 751277302 4,186 150,495 SH DEFINED 1,2 150,495
RAYTHEON CO CLASS B CL B 755111408 7,801 157,202 SH DEFINED 1,2 157,202
REEBOK INTL LTD COM 758110100 279 26,143 SH DEFINED 1,2 26,143
REGIONS FINL CORP COM 758940100 3,129 104,300 SH DEFINED 1,2 104,300
RELIANT ENERGY INC COM 75952J108 3,726 137,674 SH DEFINED 1,2 137,674
REPUBLIC N Y CORP COM 760719104 3,029 49,300 SH DEFINED 1,2 49,300
REYNOLDS METAL CO COM 761763101 1,786 29,575 SH DEFINED 1,2 29,575
RH DONNELLY CORP COM NEW 74955W307 300 16,131 SH DEFINED 1,2 16,131
RITE AID CORP COM 767754104 1,673 121,132 SH DEFINED 1,2 121,132
ROCKWELL INTL CORP NEW CO COM 773903109 4,675 89,056 SH DEFINED 1,2 89,056
ROHM & HAAS CO COM 775371107 3,660 101,317 SH DEFINED 1,2 101,317
ROWAN COS INC COM 779382100 632 38,903 SH DEFINED 1,2 38,903
ROYAL BANK OF CANADA COM 780087102 868 21,100 SH DEFINED 21,100
ROYAL DUTCH PETROLEUM NY REG GLD 780257804 66,464 1,127,934 SH DEFINED 1,2 1,127,934
RUSSELL CORP COM 782352108 227 16,025 SH DEFINED 1,2 16,025
RYDER SYSTEM INC COM 783549108 676 33,186 SH DEFINED 1,2 33,186
RYERSON TULL, INC COM 78375P107 532 23,021 SH DEFINED 1,2 23,021
SAFECO CORP COM 786429100 1,732 61,844 SH DEFINED 1,2 61,844
SAFETY-KLEEN CORP NEW COM COM NEW 78648R203 224 18,588 SH DEFINED 1,2 18,588
SAFEWAY INC COM NEW 786514208 8,968 235,600 SH DEFINED 1,2 235,600
SARA LEE COM 803111103 9,873 421,268 SH DEFINED 1,2 421,268
SBC COMMUNICATIONS INC COM 78387G103 46,701 914,594 SH DEFINED 1,2 914,594
SCHERING PLOUGH CORP COM 806605101 29,738 681,676 SH DEFINED 1,2 681,676
SCHLUMBERGER LTD COM 806857108 15,869 254,672 SH DEFINED 1,2 254,672
SCHWAB CHARLES CORP COM 808513105 12,768 379,000 SH DEFINED 1,2 379,000
SCIENTIFIC ATLANTA COM 808655104 1,726 34,832 SH DEFINED 1,2 34,832
SEAGATE TECHNOLOGY COM 811804103 3,247 105,400 SH DEFINED 1,2 105,400
SEAGRAM CO LTD COM 811850106 9,230 202,972 SH DEFINED 1,2 202,972
SEALED AIR COR CONV PFD S PF CV A $2 81211K209 837 16,497 SH DEFINED 1,2 16,497
SEALED AIR CORP COM 81211K100 1,987 38,715 SH DEFINED 1,2 38,715
SEARS ROEBUCK & CO. USD0. COM 812387108 5,590 178,168 SH DEFINED 1,2 178,168
SEMPRA ENERGY COM 816851109 2,338 112,332 SH DEFINED 1,2 112,332
SERVICE CORP., INTERNATIO COM 817565104 1,334 126,322 SH DEFINED 1,2 126,322
SHARED MEDICAL SYSTEM COR COM 819486101 578 12,362 SH DEFINED 1,2 12,362
SHERWIN WILLIAMS CO COM 824348106 1,665 79,538 SH DEFINED 1,2 79,538
SIGMA-ALDRICH COM 826552101 1,489 46,900 SH DEFINED 1,2 46,900
SILICON GRAPHICS COM 827056102 962 88,000 SH DEFINED 1,2 88,000
SLM HLDG CORP COM COM 78442A109 3,268 76,000 SH DEFINED 1,2 76,000
SNAP-ON, INC. COM 833034101 977 30,073 SH DEFINED 1,2 30,073
SOLECTRON CORP COM 834182107 8,926 124,300 SH DEFINED 1,2 124,300
SONAT COM 835415100 2,038 51,356 SH DEFINED 1,2 51,356
SOUTHERN CO COM 842587107 8,238 319,932 SH DEFINED 1,2 319,932
SOUTHERN PERU COPPER CORP COM 843611104 1,040 61,600 SH DEFINED 61,600
SOUTHTRUST CORP COM 844730101 2,798 78,000 SH DEFINED 1,2 78,000
SOUTHWEST AIRLINES COM 844741108 3,573 235,286 SH DEFINED 1,2 235,286
SPDR TR UNIT SER 1 78462F103 2,285 17,782 SH DEFINED 1,2 17,782
SPRINGS INDUSTRIES CL A 851783100 288 8,481 SH DEFINED 1,2 8,481
SPRINT CORP COM FON GR 852061100 23,445 432,172 SH DEFINED 1,2 432,172
SPRINT CORP (PCS GROUP) PCS COMSE1 852061506 15,822 212,193 SH DEFINED 1,2 212,193
ST JUDE MEDICAL COM 790849103 1,242 39,415 SH DEFINED 1,2 39,415
ST PAUL COMPANIES COM 792860108 2,929 106,514 SH DEFINED 1,2 106,514
STANLEY WORKS COM 854616109 1,043 41,412 SH DEFINED 1,2 41,412
STAPLES INC COM 855030102 4,720 216,400 SH DEFINED 1,2 216,400
STATE STREET CORP COM 857477103 4,860 75,200 SH DEFINED 1,2 75,200
SUMMIT BANCORP COM COM 866005101 2,666 82,200 SH DEFINED 1,2 82,200
SUN MICROSYSTEMS INC COM 866810104 33,397 359,104 SH DEFINED 1,2 359,104
SUN TRUST BANKS INC COM 867914103 9,843 149,704 SH DEFINED 1,2 149,704
SUNOCO, INC. COM 86764P109 1,165 42,403 SH DEFINED 1,2 42,403
SUPER VALU STORES INC COM 868536103 1,374 63,006 SH DEFINED 1,2 63,006
SYNOVUS FINL CORP COM 87161C105 2,358 126,200 SH DEFINED 1,2 126,200
SYSCO CORP COM 871829107 5,404 154,120 SH DEFINED 1,2 154,120
TALISMAN ENERGY INC. COM 87425E103 1,352 46,000 SH DEFINED 46,000
TANDY CORP COM 875382103 4,662 90,200 SH DEFINED 1,2 90,200
TEKTRONIX INC COM 879131100 734 21,923 SH DEFINED 1,2 21,923
TELEBRAS ADR (REP 1000 PR SPONS ADR 879287100 1 24,500 SH DEFINED 24,500
TELEBRAS HOLDERS ADR SPONS ADR 879287308 2,339 31,500 SH DEFINED 31,500
TELEFONICA DE PERU-SPON A SPON ADR B 879384105 1,129 84,000 SH DEFINED 84,000
TELEFONOS DE MEXICO SA SP ADR ORL 879403780 6,983 98,000 SH DEFINED 98,000
TELKOMUNIKASI INDONESIA A SPONS ADR 715684106 969 139,644 SH DEFINED 139,644
TELLABS INC COM 879664100 10,357 181,900 SH DEFINED 1,2 181,900
TEMPLE INLAND INC COM 879868107 1,576 26,056 SH DEFINED 1,2 26,056
TENET HEALTHCARE CORP COM 88033G100 2,549 145,126 SH DEFINED 1,2 145,126
TENNECO INC NEW COM COM 88037E101 1,348 79,295 SH DEFINED 1,2 79,295
TEVA PHARMACEUTICALS INDS ADR 881624209 619 12,300 SH DEFINED 12,300
TEXACO INC COM 881694103 16,175 256,242 SH DEFINED 1,2 256,242
TEXAS INSTRUMENTS INC COM 882508104 29,933 363,924 SH DEFINED 1,2 363,924
TEXAS UTILITIES CO COM 882848104 4,828 129,384 SH DEFINED 1,2 129,384
TEXTRON INC COM 883203101 5,473 70,736 SH DEFINED 1,2 70,736
THERMO ELECTRON COM 883556102 989 73,600 SH DEFINED 1,2 73,600
THOMAS & BETTS COM 884315102 1,346 26,398 SH DEFINED 1,2 26,398
TIME WARNER INC COM COM 887315109 36,525 601,232 SH DEFINED 1,2 601,232
TIMES MIRROR CO COM SER A 887364107 2,228 33,852 SH DEFINED 1,2 33,852
TIMKEN COMPANY COM 887389104 463 28,730 SH DEFINED 1,2 28,730
TJX COS INC COM 872540109 4,146 147,728 SH DEFINED 1,2 147,728
TORCHMARK CORP COM 891027104 1,628 62,928 SH DEFINED 1,2 62,928
TORONTO DOMINION BANK COM NEW 891160509 1,409 74,000 SH DEFINED 74,000
TOSCO CORP COM NEW 891490302 1,757 69,600 SH DEFINED 1,2 69,600
TOYS R US INC COM 892335100 1,754 116,925 SH DEFINED 1,2 116,925
TREX COMPANY INC COM 89531P105 15,006 564,949 SH DEFINED 1,2 564,949
TRIBUNE CO COM 896047107 5,520 110,964 SH DEFINED 1,2 110,964
TRICON GLOBAL RESTAURANTS COM 895953107 2,915 71,215 SH DEFINED 1,2 71,215
TRW INC. COM 872649108 2,798 56,246 SH DEFINED 1,2 56,246
TUBOS DE ACERE MEX ADR NEW 898592506 796 65,000 SH DEFINED 65,000
TUPPERWARE CORPCOM COM 899896104 550 27,148 SH DEFINED 1,2 27,148
TYCO INTERNATIONAL LTD COM 902124106 40,173 389,082 SH DEFINED 1,2 389,082
U S T INC COM 902911106 2,496 82,695 SH DEFINED 1,2 82,695
U S WEST INC COM 91273H101 13,367 234,257 SH DEFINED 1,2 234,257
U.S. BANCORP COM 902973106 10,233 338,992 SH DEFINED 1,2 338,992
UNICOM CORP COM 904911104 3,748 101,462 SH DEFINED 1,2 101,462
UNILEVER N V NEW YORK SHS NY SHS NEW 904784709 18,107 265,796 SH DEFINED 1,2 265,796
UNION CARBIDE CORP COM 905581104 3,532 62,165 SH DEFINED 1,2 62,165
UNION OIL CO OF CALIFORNI COM 915289102 4,257 114,899 SH DEFINED 1,2 114,899
UNION PACIFIC CORP COM 907818108 5,561 115,706 SH DEFINED 1,2 115,706
UNION PACIFIC RES GROUP I COM 907834105 1,892 117,759 SH DEFINED 1,2 117,759
UNION PLANTERS COM 908068109 2,685 65,900 SH DEFINED 1,2 65,900
UNISYS CORP. COM 909214108 7,412 164,265 SH DEFINED 1,2 164,265
UNITED HEALTH CARE CORP COM 910581107 3,963 81,400 SH DEFINED 1,2 81,400
UNITED TECH. CORP. COM 913017109 13,265 223,644 SH DEFINED 1,2 223,644
UNUMPROVIDENT CORP COM 91529Y106 3,260 110,755 SH DEFINED 1,2 110,755
US AIRWAYS GROUP, INC COM 911905107 921 35,100 SH DEFINED 1,2 35,100
USX MARATHON GRP COM NEW 902905827 4,213 144,023 SH DEFINED 1,2 144,023
USX US STEEL GRP COM 90337T101 1,061 41,214 SH DEFINED 1,2 41,214
V F CORP COM 918204108 1,735 55,968 SH DEFINED 1,2 55,968
VIACOM INC CL B CL B 925524308 13,693 324,098 SH DEFINED 1,2 324,098
VITRO SA-SPONSORED ADR SPONS ADR 928502301 708 73,000 SH DEFINED 73,000
VULCAN MATLS CO COM 929160109 1,732 47,300 SH DEFINED 1,2 47,300
WACHOVIA CORP COM 929771103 7,458 94,850 SH DEFINED 1,2 94,850
WADDELL & REED FINL INC C CL B 930059209 349 16,339 SH DEFINED 1,2 16,339
WAL-MART STORES INC COM 931142103 98,682 2,074,986 SH DEFINED 1,2 2,074,986
WALGREEN COM 931422109 11,809 465,368 SH DEFINED 1,2 465,368
WARNER LAMBERT CO COM 934488107 26,321 396,554 SH DEFINED 1,2 396,554
WASHINGTON MUTUAL INC COM COM 939322103 7,936 271,312 SH DEFINED 1,2 271,312
WASTE MANAGEMENT, INC. COM 94106L109 5,507 286,070 SH DEFINED 1,2 286,070
WATSON PHARMACEUTICALS IN COM 942683103 1,363 44,600 SH DEFINED 1,2 44,600
WELLPOINT CALIFORNIA SVCS COM 94973H108 1,756 30,800 SH DEFINED 1,2 30,800
WELLS FARGO CO COM 949746101 30,396 767,100 SH DEFINED 1,2 767,100
WENDYS INTERNATIONAL INC COM 950590109 1,519 57,586 SH DEFINED 1,2 57,586
WESTVACO COM 961548104 1,200 46,845 SH DEFINED 1,2 46,845
WEYERHAEUSER CO COM 962166104 5,394 93,612 SH DEFINED 1,2 93,612
WHIRLPOOL CORP COM 963320106 2,295 35,136 SH DEFINED 1,2 35,136
WILLAMETTE INDUSTRIES INC COM 969133107 2,242 52,000 SH DEFINED 1,2 52,000
WILLIAMS COMPANIES COM 969457100 7,546 201,560 SH DEFINED 1,2 201,560
WINN- DIXIE STORES COM 974280109 2,064 69,518 SH DEFINED 1,2 69,518
WORTHINGTON INDUSTRIES COM 981811102 733 43,105 SH DEFINED 1,2 43,105
WRIGLEY, WM. JR. COM 982526105 3,722 54,085 SH DEFINED 1,2 54,085
XEROX CORP. COM 984121103 12,878 307,082 SH DEFINED 1,2 307,082
3COM CORP COM 885535104 4,798 166,900 SH DEFINED 1,2 166,900
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