<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: December 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
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[City, State]
February 11, 2000
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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: 561
Form 13F Information Table Value Total: $5,814,066 (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.
(Now known as CIGNA Investments, Inc.)
2 28-2293 CIGNA Investments, Inc.
(Now known as TimesSquare Capital Management,
Inc.)
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<CAPTION>
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$1000) PRN AMT CALL DISCRETION MANAGERS SOLE SHARED NONE
- -------- -------- -------- -------- ------- -------- ---- -------- -------- --------- --------- -----------
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- -------- -------- -------- --------------------- --------- -------- --------- --------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES COM 002824100 25,591 704,746 SH DEFINED 1,2 704,746
ABITIBI-CONSOLIDATED INC COM 003924107 625 53,400 SH DEFINED 53,400
ADAPTEC INC COM 00651F108 2,354 47,200 SH DEFINED 1,2 47,200
ADC TELECOMM COM 000886101 4,956 68,300 SH DEFINED 1,2 68,300
ADOBE SYSTEMS INC COM 00724F101 3,732 55,500 SH DEFINED 1,2 55,500
ADVANCED MICRO DEVICES IN COM 007903107 1,944 67,187 SH DEFINED 1,2 67,187
AEGON NV ORD AM REG 007924103 1,325 13,879 SH DEFINED 1,2 13,879
AES CORP COM 00130H105 7,056 94,400 SH DEFINED 1,2 94,400
AETNA INC COM 008117103 3,818 68,399 SH DEFINED 1,2 68,399
AIR PRODUCTS & CHEMICALS COM 009158106 3,538 105,420 SH DEFINED 1,2 105,420
ALBERTA ENERGY COM 012873105 2,810 89,052 SH DEFINED 89,052
ALBERTO-CULVER CL B CONV 013068101 664 25,714 SH DEFINED 1,2 25,714
ALBERTSONS INC COM 013104104 6,261 194,155 SH DEFINED 1,2 194,155
ALCAN ALUMINIUM LTD COM 013716105 4,151 100,792 SH DEFINED 1,2 100,792
ALCOA INC COM COM 013817101 13,957 168,152 SH DEFINED 1,2 168,152
ALLEGHENY TECHNOLOGIES IN COM 01741R102 977 43,522 SH DEFINED 1,2 43,522
ALLERGAN INC COM 018490102 2,995 60,196 SH DEFINED 1,2 60,196
ALLIED WASTE INDS INC COM PR$.01 019589308 764 86,700 SH DEFINED 1,2 86,700
ALLSTATE CORP COM 020002101 8,866 369,404 SH DEFINED 1,2 369,404
ALLTEL CORP COM 020039103 12,106 146,405 SH DEFINED 1,2 146,405
ALZA CORP COM 022615108 1,611 46,522 SH DEFINED 1,2 46,522
AMER FAMILY COM 001055102 5,743 121,700 SH DEFINED 1,2 121,700
AMERADA HESS CORP COM 023551104 2,368 41,723 SH DEFINED 1,2 41,723
AMEREN CORP COM 023608102 2,070 63,214 SH DEFINED 1,2 63,214
AMERICA ONLINE INC DEL COM 02364J104 77,302 1,024,682 SH DEFINED 1,2 1,024,682
AMERICAN ELECTRIC POWER COM 025537101 2,855 88,860 SH DEFINED 1,2 88,860
AMERICAN EXPRESS CO COM 025816109 34,068 204,920 SH DEFINED 1,2 204,920
AMERICAN GENERAL CORP COM 026351106 8,604 113,399 SH DEFINED 1,2 113,399
AMERICAN GREETINGS CORP CL A 026375105 715 30,252 SH DEFINED 1,2 30,252
AMERICAN HOME PRODUCTS CO COM 026609107 23,668 600,152 SH DEFINED 1,2 600,152
AMERICAN INTERNATIONAL GR COM 026874107 81,256 751,497 SH DEFINED 1,2 751,497
AMGEN COM 031162100 28,127 468,292 SH DEFINED 1,2 468,292
AMR CORP COM 001765106 4,580 68,352 SH DEFINED 1,2 68,352
AMSOUTH BANCORPORATION COM 032165102 3,460 179,150 SH DEFINED 1,2 179,150
ANADARKO PETROLEUM CORP COM 032511107 1,986 58,200 SH DEFINED 1,2 58,200
ANALOG DEVICES COM 032654105 7,431 79,900 SH DEFINED 1,2 79,900
ANDREW CORP COM 034425108 720 37,997 SH DEFINED 1,2 37,997
ANHEUSER BUSCH COMPANIES COM 035229103 15,142 213,644 SH DEFINED 1,2 213,644
AON CORP COM 037389103 4,704 117,600 SH DEFINED 1,2 117,600
APACHE CORP COM 037411105 1,924 52,100 SH DEFINED 1,2 52,100
APPLE COMPUTER INC COM 037833100 7,578 73,711 SH DEFINED 1,2 73,711
APPLIED MATERIALS INC COM 038222105 21,955 173,300 SH DEFINED 1,2 173,300
ARCHER DANIELS MIDLAND CO COM 039483102 3,407 279,568 SH DEFINED 1,2 279,568
ARMSTRONG WORLD INDUSTRIE COM 042476101 612 18,330 SH DEFINED 1,2 18,330
ASHLAND INC COM COM 044204105 1,109 33,663 SH DEFINED 1,2 33,663
ASIA PULP AND PAPER-SPONS SPONS ADR 04516V100 1,123 143,500 SH DEFINED 143,500
ASSOCIATES FIRST CAP CORP CL A 046008108 9,167 334,100 SH DEFINED 1,2 334,100
AT&T CORP COM 001957109 74,485 1,467,687 SH DEFINED 1,2 1,467,687
ATLANTIC RICHFIELD CO COM 048825103 12,801 147,986 SH DEFINED 1,2 147,986
AUTODESK COM 052769106 917 27,170 SH DEFINED 1,2 27,170
AUTOMATIC DATA PROCESSING COM 053015103 15,379 285,464 SH DEFINED 1,2 285,464
AUTOZONE COM 053332102 2,149 66,500 SH DEFINED 1,2 66,500
AVERY DENNISON CORP COM 053611109 3,774 51,790 SH DEFINED 1,2 51,790
AVON PRODUCTS INC COM 054303102 3,705 112,280 SH DEFINED 1,2 112,280
BAKER HUGHES INCORPORATED COM 057224107 3,170 150,496 SH DEFINED 1,2 150,496
BALL CORP COM 058498106 547 13,904 SH DEFINED 1,2 13,904
BANCO BHIF ADR SPONS ADR 073297103 862 56,970 SH DEFINED 56,970
BANCO GALICIA Y BUENOS AD SPON ADR B 059538207 308 15,500 SH DEFINED 15,500
BANCO GANADERO S.A. SPADR PREC 059594507 191 24,600 SH DEFINED 24,600
BANK OF AMERICA CORP COM 060505104 39,274 782,539 SH DEFINED 1,2 782,539
BANK OF NEW YORK INC COM 064057102 13,516 337,900 SH DEFINED 1,2 337,900
BANK ONE CORP COM 06423A103 16,860 525,854 SH DEFINED 1,2 525,854
BARD CR INC COM 067383109 1,262 23,807 SH DEFINED 1,2 23,807
BARRICK GOLD CORP COM 067901108 3,378 191,100 SH DEFINED 1,2 191,100
BATTLE MTN GOLD COM 071593107 41 19,800 SH DEFINED 1,2 19,800
BAUSCH & LOMB INC COM 071707103 1,812 26,475 SH DEFINED 1,2 26,475
BAXTER INTERNATIONAL INC. COM 071813109 8,357 133,053 SH DEFINED 1,2 133,053
BB&T CORPORATION COM 054937107 4,120 150,500 SH DEFINED 1,2 150,500
BCE, INC., COM 05534B109 3,049 34,663 SH DEFINED 34,663
BEAR STEARNS COM 073902108 2,353 55,043 SH DEFINED 1,2 55,043
BECTON DICKINSON & CO COM 075887109 3,065 114,596 SH DEFINED 1,2 114,596
BED BATH & BEYOND INC COM 075896100 2,238 64,400 SH DEFINED 1,2 64,400
BELL ATLANTIC CORP COM 077853109 43,935 713,655 SH DEFINED 1,2 713,655
BELLSOUTH CORP COM 079860102 40,409 863,200 SH DEFINED 1,2 863,200
BEMIS CO COM 081437105 844 24,202 SH DEFINED 1,2 24,202
BEST BUY, INC. COM 086516101 4,733 94,300 SH DEFINED 1,2 94,300
BESTFOODS COM COM 08658U101 6,743 128,278 SH DEFINED 1,2 128,278
BETHLEHEM STEEL CORP COM 087509105 503 60,007 SH DEFINED 1,2 60,007
BIOMET INC COM 090613100 2,074 51,838 SH DEFINED 1,2 51,838
BLACK & DECKER CORP. COM 091797100 2,090 39,993 SH DEFINED 1,2 39,993
BMC SOFTWARE INC COM 055921100 8,873 111,000 SH DEFINED 1,2 111,000
BOEING CO COM 097023105 17,787 427,956 SH DEFINED 1,2 427,956
BOISE CASCADE CORP COM 097383103 1,061 26,204 SH DEFINED 1,2 26,204
BOSTON SCIENTIFIC CORP COM 101137107 4,126 188,600 SH DEFINED 1,2 188,600
BRAZIL FUND INC COMMON US COM 105759104 2,255 122,000 SH DEFINED 122,000
BRIGGS & STRATTON COM 109043109 572 10,662 SH DEFINED 1,2 10,662
BRISTOL MYERS SQUIBB CO COM 110122108 58,446 910,544 SH DEFINED 1,2 910,544
BROWN-FORMAN CORP. CL B 115637209 1,812 31,651 SH DEFINED 1,2 31,651
BRUNSWICK CORP COM 117043109 945 42,450 SH DEFINED 1,2 42,450
BURLINGTON NORTHERN SANTA COM 12189T104 5,091 209,958 SH DEFINED 1,2 209,958
BURLINGTON RESOURCES INC. COM 122014103 3,306 99,985 SH DEFINED 1,2 99,985
CABLETRON SYSTEMS INC COM 126920107 2,124 81,700 SH DEFINED 1,2 81,700
CAMPBELL SOUP COM 134429109 7,636 197,384 SH DEFINED 1,2 197,384
CANADIAN IMPERIAL BANK OF COM 136069101 5,486 232,271 SH DEFINED 232,271
CANADIAN NATIONAL RAILWAY COM 136375102 548 20,800 SH DEFINED 20,800
CAPITAL ONE FINL CORP COM 14040H105 4,351 90,300 SH DEFINED 1,2 90,300
CARDINAL HEALTH INC COM 14149Y108 6,123 127,900 SH DEFINED 1,2 127,900
CARNIVAL CRUISE LINE COM 143658102 13,493 282,200 SH DEFINED 1,2 282,200
CAROLINA POWER & LIGHT CO COM 144141108 2,220 72,922 SH DEFINED 1,2 72,922
CATERPILLAR INC. COM 149123101 7,689 163,372 SH DEFINED 1,2 163,372
CBS CORPORATION COM 12490K107 22,348 349,523 SH DEFINED 1,2 349,523
CENDANT CORP COM 151313103 8,671 326,453 SH DEFINED 1,2 326,453
CENTEX CORP COM 152312104 671 27,174 SH DEFINED 1,2 27,174
CENTRAL & SOUTH WEST CORP COM 152357109 1,961 98,051 SH DEFINED 1,2 98,051
CENTURYTEL INCCOM COM 156700106 3,034 64,050 SH DEFINED 1,2 64,050
CERIDIAN CORP COM 15677T106 1,425 66,066 SH DEFINED 1,2 66,066
CHAMPION INTERNATIONAL CO COM 158525105 2,744 44,296 SH DEFINED 1,2 44,296
CHASE MANHATTAN CORP NEW COM 16161A108 29,389 378,292 SH DEFINED 1,2 378,292
CHEVRON CORP COM 166751107 26,043 300,642 SH DEFINED 1,2 300,642
CHOICEPOINT INC COM 170388102 554 13,380 SH DEFINED 1,2 13,380
CHUBB CORP COM 171232101 4,516 80,194 SH DEFINED 1,2 80,194
CIGNA CORP COM 125509109 24,854 308,500 SH DEFINED 1,2 308,500
CINCINNATI FINL CORP COM 172062101 2,364 75,800 SH DEFINED 1,2 75,800
CINERGY CORP COM 172474108 1,764 73,127 SH DEFINED 1,2 73,127
CIRCUIT CITY STORES - CIR CIRCIT GRP 172737108 4,195 93,096 SH DEFINED 1,2 93,096
CISCO SYSTEMS COM 17275R102 160,613 1,499,300 SH DEFINED 1,2 1,499,300
CITIGROUP INC COM 172967101 85,853 1,545,154 SH DEFINED 1,2 1,545,154
CITRIX SYS INC COM COM 177376100 5,068 41,200 SH DEFINED 1,2 41,200
CLEAR CHANNEL COMMUNICATI COM 184502102 13,825 154,900 SH DEFINED 1,2 154,900
CLOROX CO COM 189054109 5,454 108,268 SH DEFINED 1,2 108,268
CMS ENERGY CORP COM 125896100 1,640 52,600 SH DEFINED 1,2 52,600
COASTAL CORP COM 190441105 3,486 98,374 SH DEFINED 1,2 98,374
COCA COLA CO COM 191216100 66,104 1,134,814 SH DEFINED 1,2 1,134,814
COCA-COLA ENTERPRISES COM 191219104 3,920 194,800 SH DEFINED 1,2 194,800
COLGATE-PALMOLIVE CO COM 194162103 17,397 267,648 SH DEFINED 1,2 267,648
COLUMBIA ENERGY GROUP COM 197648108 2,366 37,408 SH DEFINED 1,2 37,408
COLUMBIA HEALTHCARE CORP COM 197677107 7,576 258,461 SH DEFINED 1,2 258,461
COMCAST CORP CL A 200300101 273 5,700 SH DEFINED 1,2 5,700
COMCAST CORP CL A SPL 200300200 17,397 344,064 SH DEFINED 1,2 344,064
COMERICA INC COM 200340107 3,357 71,900 SH DEFINED 1,2 71,900
COMMSCOPE INC COM COM 203372107 810 20,098 SH DEFINED 1,2 20,098
COMPAQ COMPUTER CORP COM 204493100 21,053 777,951 SH DEFINED 1,2 777,951
COMPUTER ASSOCIATES INTL COM 204912109 17,280 247,073 SH DEFINED 1,2 247,073
COMPUTER SCIENCES COM 205363104 7,171 75,784 SH DEFINED 1,2 75,784
COMPUWARE CORP COM 205638109 6,116 164,200 SH DEFINED 1,2 164,200
COMVERSE TECHNOLOGY INC COMPR $.10 205862402 4,762 32,900 SH DEFINED 1,2 32,900
CONAGRA INC COM 205887102 5,087 225,448 SH DEFINED 1,2 225,448
CONOCO INC CL B 208251405 7,165 288,040 SH DEFINED 1,2 288,040
CONSECO INC COM 208464107 2,662 148,942 SH DEFINED 1,2 148,942
CONSOLIDATED EDISON INC COM 209115104 3,517 101,936 SH DEFINED 1,2 101,936
CONSOLIDATED NATURAL GAS COM 209615103 2,877 44,302 SH DEFINED 1,2 44,302
CONSOLIDATED STORES CORP COM 210149100 819 50,400 SH DEFINED 1,2 50,400
CONSTELLATION ENGY GRP IN COM 210371100 1,998 68,902 SH DEFINED 1,2 68,902
COOPER INDUSTRIES INC COM 216669101 1,768 43,715 SH DEFINED 1,2 43,715
COOPER TIRE & RUBBER CO COM 216831107 542 34,816 SH DEFINED 1,2 34,816
COORS ADOLPH CL B 217016104 880 16,755 SH DEFINED 1,2 16,755
CORNING INC COM 219350105 14,441 111,997 SH DEFINED 1,2 111,997
COSTCO WHSL CORP NEW COM COM 22160K105 9,236 101,215 SH DEFINED 1,2 101,215
COUNTRYWIDE CREDIT COM 222372104 1,310 51,900 SH DEFINED 1,2 51,900
COX COMMUNICATIONS INC CL A 224044107 521 10,126 SH DEFINED 1,2 10,126
CRANE CORP COM 224399105 605 30,451 SH DEFINED 1,2 30,451
CROWN CORK & SEAL INC COM 228255105 1,261 56,377 SH DEFINED 1,2 56,377
CSX CORPORATION COM 126408103 3,147 100,290 SH DEFINED 1,2 100,290
CUMMINS ENGINE CO COM 231021106 918 19,004 SH DEFINED 1,2 19,004
CVS CORP COM COM 126650100 7,168 179,488 SH DEFINED 1,2 179,488
DANA CORP COM 235811106 2,268 75,764 SH DEFINED 1,2 75,764
DANAHER CORPORATION COM 235851102 3,127 64,800 SH DEFINED 1,2 64,800
DARDEN RESTAURANTS INC COM 237194105 1,105 60,940 SH DEFINED 1,2 60,940
DAYTON HUDSON CORP COM 239753106 14,833 201,976 SH DEFINED 1,2 201,976
DEERE & CO COM 244199105 4,659 107,405 SH DEFINED 1,2 107,405
DELL COMPUTER COM 247025109 59,410 1,164,900 SH DEFINED 1,2 1,164,900
DELPHI AUTOMOTIVE COM 247126105 4,072 258,513 SH DEFINED 1,2 258,513
DELTA AIRLINES INC COM 247361108 3,059 61,410 SH DEFINED 1,2 61,410
DELUXE CHECK PRINTERS INC COM 248019101 938 34,171 SH DEFINED 1,2 34,171
DEVON ENERGY CORPORATION COM 25179M103 627 19,073 SH DEFINED 1,2 19,073
DII GROUP INC COM 232949107 257 3,618 SH DEFINED 1,2 3,618
DILLARD'S INC CL A 254067101 993 49,182 SH DEFINED 1,2 49,182
DISNEY COMMON STOCK COM DISNEY 254687106 27,647 945,212 SH DEFINED 1,2 945,212
DOLLAR GENERAL COM 256669102 2,742 120,541 SH DEFINED 1,2 120,541
DOMINION RES INC VIRGINIA COM 257470104 3,449 87,871 SH DEFINED 1,2 87,871
DONNELLY, R.R. & SONS CO. COM 257867101 1,465 59,034 SH DEFINED 1,2 59,034
DOVER CORP COM 260003108 4,249 93,648 SH DEFINED 1,2 93,648
DOW CHEMICAL CO COM 260543103 13,422 100,449 SH DEFINED 1,2 100,449
DOW JONES COM 260561105 2,793 41,078 SH DEFINED 1,2 41,078
DTE ENERGY CO COM 233331107 2,095 66,777 SH DEFINED 1,2 66,777
DUKE ENERGY CORP COM 264399106 8,402 167,626 SH DEFINED 1,2 167,626
DUN & BRADSTREET CORP COM 26483B106 2,194 74,361 SH DEFINED 1,2 74,361
E M C CORP MASS COM 268648102 50,970 466,543 SH DEFINED 1,2 466,543
E.I. DUPONT DE NEMOURS & COM 263534109 31,479 477,857 SH DEFINED 1,2 477,857
EASTERN ENTERPRISES COM 27637F100 685 11,925 SH DEFINED 1,2 11,925
EASTMAN CHEMICAL CO.,INC. COM 277432100 1,784 37,399 SH DEFINED 1,2 37,399
EASTMAN KODAK CO. COM 277461109 9,613 145,098 SH DEFINED 1,2 145,098
EATON CORP COM 278058102 2,450 33,730 SH DEFINED 1,2 33,730
ECHOSTAR COMMUNICATIONS C CL A 278762109 5,265 54,000 SH DEFINED 1,2 54,000
ECOLAB COM 278865100 2,326 59,440 SH DEFINED 1,2 59,440
EDISON INTERNATIONAL COM 281020107 4,176 159,468 SH DEFINED 1,2 159,468
EL PASO ENERGY CORP DEL C COM 283905107 6,554 168,860 SH DEFINED 1,2 168,860
ELECTRONIC DATA SYS CORP COM 285661104 14,425 215,500 SH DEFINED 1,2 215,500
EMERSON ELECTRIC CO COM 291011104 11,436 199,324 SH DEFINED 1,2 199,324
ENGELHARD CORP COM 292845104 1,103 58,446 SH DEFINED 1,2 58,446
ENRON CORP. COM 293561106 14,528 327,392 SH DEFINED 1,2 327,392
ENTERGY CORP. (NEW) COM 29364G103 2,928 113,696 SH DEFINED 1,2 113,696
EQUANT NV NY REG SHS 294409107 8,736 77,300 SH DEFINED 77,300
EQUIFAX INC COM 294429105 1,541 65,400 SH DEFINED 1,2 65,400
EXXON MOBIL CORP COM 30231G102 127,712 1,585,239 SH DEFINED 1,2 1,585,239
FANNIE MAE COM 313586109 29,322 469,628 SH DEFINED 1,2 469,628
FDX CORP HOLDING CO COM 31304N107 5,592 136,602 SH DEFINED 1,2 136,602
FEDERATED DEPT STORES INC COM 31410H101 4,854 96,000 SH DEFINED 1,2 96,000
FIFTH THIRD BANCORP COM 316773100 10,353 141,100 SH DEFINED 1,2 141,100
FIRST DATA CORP COM 319963104 9,468 192,000 SH DEFINED 1,2 192,000
FIRST UNION CORP COM 337358105 14,834 452,083 SH DEFINED 1,2 452,083
FIRSTAR CORP COM COM 33763V109 9,506 449,995 SH DEFINED 1,2 449,995
FIRSTENERGY CORP COM 337932107 2,440 107,555 SH DEFINED 1,2 107,555
FLEETBOSTON FINANCIAL COR COM 339030108 14,688 421,908 SH DEFINED 1,2 421,908
FLEETWOOD ENTERPRISES INC COM 339099103 316 15,316 SH DEFINED 1,2 15,316
FLORIDA PROGRESS CORP COM 341109106 1,900 44,900 SH DEFINED 1,2 44,900
FLUOR CORP COM 343861100 1,595 34,773 SH DEFINED 1,2 34,773
FMC CORP COM NEW 302491303 814 14,207 SH DEFINED 1,2 14,207
FORD MOTOR CO DEL COM 345370100 29,574 553,426 SH DEFINED 1,2 553,426
FORT JAMES CORP COM 347471104 2,726 99,567 SH DEFINED 1,2 99,567
FORTUNE BRANDS INC COM 349631101 2,504 75,745 SH DEFINED 1,2 75,745
FOSTER WHEELER COM 350244109 166 18,729 SH DEFINED 1,2 18,729
FPL GROUP INC COM 302571104 3,522 82,276 SH DEFINED 1,2 82,276
FRANKLIN RESOURCES COM 354613101 3,726 116,200 SH DEFINED 1,2 116,200
FREDDIE MAC COM 313400301 14,992 318,548 SH DEFINED 1,2 318,548
FREEPORT MCMORAN COPPER + CL B 35671D857 1,597 75,600 SH DEFINED 1,2 75,600
GANNETT CO COM 364730101 10,522 129,014 SH DEFINED 1,2 129,014
GAP, INC. COM 364760108 18,050 392,401 SH DEFINED 1,2 392,401
GATEWAY INC COM 367626108 10,449 145,000 SH DEFINED 1,2 145,000
GENER SA ADS (1 COM NPV) SPONS ADR 368731105 1,373 88,930 SH DEFINED 88,930
GENERAL COMMUNICATION I-C CL A 369385109 737 168,399 SH DEFINED 1,2 168,399
GENERAL DYNAMICS CORP COM 369550108 4,857 92,068 SH DEFINED 1,2 92,068
GENERAL ELECTRIC CO COM 369604103 233,067 1,506,062 SH DEFINED 1,2 1,506,062
GENERAL INSTRUMENT CORP COM 370120107 6,732 79,200 SH DEFINED 1,2 79,200
GENERAL MILLS INC COM 370334104 4,994 139,680 SH DEFINED 1,2 139,680
GENERAL MOTORS CORP COM 370442105 21,326 293,393 SH DEFINED 1,2 293,393
GENERAL SEMICONDUCTOR INC COM 370787103 214 15,075 SH DEFINED 1,2 15,075
GENUINE PARTS COMPANY COM 372460105 2,101 84,678 SH DEFINED 1,2 84,678
GEORGIA-PACIFIC CORP (GRO COM GA PAC 373298108 3,986 78,550 SH DEFINED 1,2 78,550
GILLETTE CO. COM 375766102 20,305 492,992 SH DEFINED 1,2 492,992
GLOBAL CROSSING LTD COM G3921A100 17,361 347,225 SH DEFINED 1,2 347,225
GOLDEN WEST FINANCIAL COM 381317106 2,518 75,179 SH DEFINED 1,2 75,179
GOODRICH B F CO COM 382388106 1,385 50,376 SH DEFINED 1,2 50,376
GOODYEAR TIRE & RUBBER CO COM 382550101 2,026 71,892 SH DEFINED 1,2 71,892
GPU INC COM 36225X100 1,718 57,400 SH DEFINED 1,2 57,400
GRACE WR & CO COM 38388F108 460 33,133 SH DEFINED 1,2 33,133
GRAINGER W W INC COM 384802104 2,062 43,130 SH DEFINED 1,2 43,130
GREAT ATLANTIC & PACIFIC COM 390064103 493 17,690 SH DEFINED 1,2 17,690
GREAT LAKES CHEMICAL COM 390568103 1,010 26,454 SH DEFINED 1,2 26,454
GRUPO INDUS MASECA ADR (R SPON ADR N 400488409 152 21,000 SH DEFINED 21,000
GRUPO TELEVISA ADR (REP SP ADR REP 40049J206 4,090 60,000 SH DEFINED 60,000
GTE CORP COM 362320103 31,563 447,307 SH DEFINED 1,2 447,307
GUIDANT CORP COM 401698105 6,613 140,700 SH DEFINED 1,2 140,700
H&R BLOCK COM 093671105 1,983 45,334 SH DEFINED 1,2 45,334
HALLIBURTON COM 406216101 8,150 202,482 SH DEFINED 1,2 202,482
HARCOURT GENNC COM 41163G101 1,320 32,799 SH DEFINED 1,2 32,799
HARRAHS ENTMT INC COM 413619107 1,541 58,272 SH DEFINED 1,2 58,272
HARTFORD FIN SERV GRP INC COM 416515104 5,258 111,022 SH DEFINED 1,2 111,022
HASBRO INC. COM 418056107 1,709 89,665 SH DEFINED 1,2 89,665
HEALTHSOUTH REHABILITATIO COM 421924101 973 181,100 SH DEFINED 1,2 181,100
HEINZ HJ CO COM 423074103 6,560 164,772 SH DEFINED 1,2 164,772
HELMERICH & PAYNE COM 423452101 401 18,404 SH DEFINED 1,2 18,404
HERCULES INC COM 427056106 1,341 48,093 SH DEFINED 1,2 48,093
HERSHEY FOODS CORP COM 427866108 3,014 63,456 SH DEFINED 1,2 63,456
HEWLETT PACKARD CO COM 428236103 53,181 466,756 SH DEFINED 1,2 466,756
HILTON HOTELS CORP COM 432848109 1,635 169,916 SH DEFINED 1,2 169,916
HOME DEPOT COM 437076102 72,347 1,055,178 SH DEFINED 1,2 1,055,178
HOMESTAKE MINING CO COM 437614100 913 116,926 SH DEFINED 1,2 116,926
HONEYWELL INTERNATIONAL I COM 438516106 20,950 363,170 SH DEFINED 1,2 363,170
HOST MARRIOTT CORP (REIT) COM 44107P104 94 11,445 SH DEFINED 1,2 11,445
HOUSEHOLD INTERNATIONAL,I COM 441815107 8,048 216,065 SH DEFINED 1,2 216,065
HUMANA INC COM 444859102 628 76,700 SH DEFINED 1,2 76,700
HUNTINGTON BANCSHARES INC COM 446150104 2,526 105,787 SH DEFINED 1,2 105,787
IKON OFFICE SOLUTIONS, IN COM 451713101 458 67,226 SH DEFINED 1,2 67,226
ILLINOIS TOOL WORKS INC. COM 452308109 9,320 137,948 SH DEFINED 1,2 137,948
IMS HEALTH INC COM COM 449934108 3,848 141,522 SH DEFINED 1,2 141,522
INCO LTD COM 453258402 2,044 86,989 SH DEFINED 1,2 86,989
INDIA FUND INC. USD0.001 COM 454089103 9,093 543,800 SH DEFINED 543,800
INGERSOLL RAND CO COM 456866102 4,139 75,168 SH DEFINED 1,2 75,168
INTEL CORP. COM 458140100 126,267 1,533,946 SH DEFINED 1,2 1,533,946
INTERNATIONAL BUSINESS MA COM 459200101 89,475 828,456 SH DEFINED 1,2 828,456
INTERNATIONAL PAPER CO COM 460146103 10,696 189,518 SH DEFINED 1,2 189,518
INTERPUBLIC GROUP COS INC COM 460690100 7,407 128,400 SH DEFINED 1,2 128,400
INTL FLAVORS & FRAGRANCES COM 459506101 1,827 48,398 SH DEFINED 1,2 48,398
ITT INDUSTRIES,INC. COM 450911102 1,345 40,211 SH DEFINED 1,2 40,211
JEFFERSON PILOT COM 475070108 3,282 48,093 SH DEFINED 1,2 48,093
JOHNSON & JOHNSON COM 478160104 59,508 639,012 SH DEFINED 1,2 639,012
JOHNSON CONTROLS INC COM 478366107 2,235 39,300 SH DEFINED 1,2 39,300
JOSTENS INC COM 481088102 380 15,633 SH DEFINED 1,2 15,633
K MART CORP COM 482584109 2,277 226,276 SH DEFINED 1,2 226,276
KANSAS CITY SO. IND COM 485170104 3,776 50,600 SH DEFINED 1,2 50,600
KAUFMAN & BROAD HOME CORP COM 486168107 517 21,368 SH DEFINED 1,2 21,368
KELLOGG CO COM 487836108 5,745 186,464 SH DEFINED 1,2 186,464
KERR MCGEE COM 492386107 2,461 39,699 SH DEFINED 1,2 39,699
KEYCORP COM 493267108 4,540 205,192 SH DEFINED 1,2 205,192
KIMBERLY CLARK CORP COM 494368103 16,277 249,452 SH DEFINED 1,2 249,452
KINROSS GOLD CORP COM 496902107 67 36,440 SH DEFINED 1,2 36,440
KLA INSTRUMENTS COM 482480100 4,578 41,100 SH DEFINED 1,2 41,100
KNIGHT RIDDER NEWSPAPERS COM 499040103 2,271 38,174 SH DEFINED 1,2 38,174
KOHLS CORP COM 500255104 5,378 74,500 SH DEFINED 1,2 74,500
KROGER CO COM 501044101 7,203 381,596 SH DEFINED 1,2 381,596
L S I LOGIC CORP COM 502161102 4,577 67,800 SH DEFINED 1,2 67,800
LAIDLAW INC COM 50730K503 166 31,700 SH DEFINED 1,2 31,700
LAN CHILE S.A. ADR SPONS ADR 501723100 1,103 146,130 SH DEFINED 146,130
LEGGETT & PLATT COM 524660107 1,953 91,100 SH DEFINED 1,2 91,100
LEHMAN BROTHERS HLDGS INC COM 524908100 4,636 54,740 SH DEFINED 1,2 54,740
LEXMARK INTL GROUP INC CL CL A 529771107 5,294 58,500 SH DEFINED 1,2 58,500
LILLY ELI & CO COM 532457108 33,299 500,736 SH DEFINED 1,2 500,736
LIMITED THE COM 532716107 4,267 98,524 SH DEFINED 1,2 98,524
LINCOLN NATIONAL CORP COM 534187109 3,786 94,640 SH DEFINED 1,2 94,640
LIZ CLAIBORNE INC COM 539320101 1,030 27,383 SH DEFINED 1,2 27,383
LOCKHEED MARTIN CORP COM 539830109 3,968 181,414 SH DEFINED 1,2 181,414
LOEWS CORP COM 540424108 3,162 52,100 SH DEFINED 1,2 52,100
LONGS DRUG STORE COM 543162101 465 18,010 SH DEFINED 1,2 18,010
LOUISIANA PACIFIC CORP COM 546347105 699 49,052 SH DEFINED 1,2 49,052
LOWES COMPANIES INC COM 548661107 10,422 174,432 SH DEFINED 1,2 174,432
LTV CORP. COM 501921100 47 11,374 SH DEFINED 1,2 11,374
LUCENT TECHNOLOGIES INC COM 549463107 107,501 1,436,901 SH DEFINED 1,2 1,436,901
MALLINCKRODT INC NEW COM 561232109 1,025 32,207 SH DEFINED 1,2 32,207
MANOR CARE INC NEW COM COM 564055101 771 48,187 SH DEFINED 1,2 48,187
MARRIOTT INTL CLASS A CL A 571903202 4,270 135,296 SH DEFINED 1,2 135,296
MARSH & MCLENNAN COM 571748102 11,655 121,804 SH DEFINED 1,2 121,804
MASCO CORP COM 574599106 5,199 204,900 SH DEFINED 1,2 204,900
MATAV RT-SPONSORED ADR SPONS ADR 559776109 1,600 44,540 SH DEFINED 44,540
MATTEL INC COM 577081102 2,512 191,422 SH DEFINED 1,2 191,422
MAY DEPT STORES CO COM 577778103 4,945 153,336 SH DEFINED 1,2 153,336
MAYTAG COMPANY COM 578592107 1,873 39,025 SH DEFINED 1,2 39,025
MBIA, INC. COM 55262C100 2,419 45,800 SH DEFINED 1,2 45,800
MBNA CORP COM 55262L100 10,004 367,130 SH DEFINED 1,2 367,130
MCDERMOTT INTERNATIONAL I COM 580037109 247 27,297 SH DEFINED 1,2 27,297
MCDONALDS CORP COM 580135101 25,026 620,812 SH DEFINED 1,2 620,812
MCGRAW HILL INC COM 580645109 5,521 89,596 SH DEFINED 1,2 89,596
MCI WORLDCOM INC COM COM 55268B106 69,027 1,300,857 SH DEFINED 1,2 1,300,857
MCKESSON HBOC, INC. COM 58155Q103 2,903 128,668 SH DEFINED 1,2 128,668
MEAD CORP. COM 582834107 2,055 47,310 SH DEFINED 1,2 47,310
MEDIAONE GROUP,INC COM 58440J104 21,541 280,439 SH DEFINED 1,2 280,439
MEDTRONIC COM 585055106 19,944 547,344 SH DEFINED 1,2 547,344
MELLON FINL CORPCOM COM 58551A108 7,969 233,952 SH DEFINED 1,2 233,952
MERCK & COMPANY COM 589331107 72,108 1,075,190 SH DEFINED 1,2 1,075,190
MEREDITH CORP COM 589433101 997 23,916 SH DEFINED 1,2 23,916
MERRILL LYNCH & CO INC COM 590188108 14,227 170,408 SH DEFINED 1,2 170,408
MEXICO FUND INC USD 1 COM 592835102 1,213 70,000 SH DEFINED 70,000
MGIC INVT CORP WIS COM 552848103 2,931 48,700 SH DEFINED 1,2 48,700
MICRON TECHNOLOGY INC COM 595112103 9,625 123,800 SH DEFINED 1,2 123,800
MICROSOFT CORP COM 594918104 276,423 2,367,624 SH DEFINED 1,2 2,367,624
MILACRON INC COM 598709103 266 17,280 SH DEFINED 1,2 17,280
MILLIPORE CORP COM 601073109 800 20,708 SH DEFINED 1,2 20,708
MINAS BUENAVENTURA-SPON A SPON ADR B 204448104 449 28,000 SH DEFINED 28,000
MINNESOTA MINING & MANUFA COM 604059105 17,980 183,702 SH DEFINED 1,2 183,702
MIRAGE RESORTS, INC COM 60462E104 1,347 88,000 SH DEFINED 1,2 88,000
MOLEX INC COM 608554101 4,087 72,100 SH DEFINED 1,2 72,100
MONSANTO COMPANY COM 611662107 10,357 290,730 SH DEFINED 1,2 290,730
MORGAN STANLEY DEAN WITTE COM NEW 617446448 36,431 255,205 SH DEFINED 1,2 255,205
MORGAN, J.P., & CO., INC COM 616880100 10,059 79,441 SH DEFINED 1,2 79,441
MOTOROLA INC COM 620076109 41,044 278,736 SH DEFINED 1,2 278,736
NABISCO GROUP BLDG CORP COM 62952P102 1,593 149,900 SH DEFINED 1,2 149,900
NACCO INDUSTRIES INC CL A 629579103 202 3,634 SH DEFINED 1,2 3,634
NATIONAL CITY CORP COM 635405103 6,767 285,700 SH DEFINED 1,2 285,700
NATIONAL SEMICONDUCTOR CO COM 637640103 3,345 78,133 SH DEFINED 1,2 78,133
NATIONAL SERVICE INDUSTRY COM 637657107 557 18,885 SH DEFINED 1,2 18,885
NAVISTAR INTL COM 63934E108 1,397 29,491 SH DEFINED 1,2 29,491
NEIMAN-MARCUS GROUP INC C CL B 640204301 269 9,969 SH DEFINED 1,2 9,969
NETWORK APPLIANCE INC COM COM 64120L104 5,964 71,800 SH DEFINED 1,2 71,800
NEW CENTY ENERGIES INC COM 64352U103 1,616 53,200 SH DEFINED 1,2 53,200
NEW YORK TIMES CL A CL A 650111107 3,879 78,970 SH DEFINED 1,2 78,970
NEWELL RUBBERMAID, INC COM 651229106 3,756 129,526 SH DEFINED 1,2 129,526
NEWMONT MINING COM 651639106 1,882 76,823 SH DEFINED 1,2 76,823
NEXTEL COMMUNICATIONS INC CL A 65332V103 17,160 166,400 SH DEFINED 1,2 166,400
NIAGARA MOHAWK HOLDINGS, COM 653520106 1,198 85,990 SH DEFINED 1,2 85,990
NICOR INC COM 654086107 704 21,648 SH DEFINED 1,2 21,648
NIKE INC CL B 654106103 6,374 128,596 SH DEFINED 1,2 128,596
NORDSTROM INC COM 655664100 1,685 64,354 SH DEFINED 1,2 64,354
NORFOLK SOUTHERN CORP COM 655844108 3,577 174,491 SH DEFINED 1,2 174,491
NORTEL NETWORKS CORP COM COM 656569100 61,807 611,948 SH DEFINED 1,2 611,948
NORTHERN STATES POWER CO COM 665772109 1,382 70,854 SH DEFINED 1,2 70,854
NORTHERN TRUST COM 665859104 5,411 102,100 SH DEFINED 1,2 102,100
NORTHROP GRUMMAN CORP COM 666807102 1,730 31,995 SH DEFINED 1,2 31,995
NOVELL INC COM 670006105 6,130 153,492 SH DEFINED 1,2 153,492
NUCOR CORP COM 670346105 2,201 40,146 SH DEFINED 1,2 40,146
OCCIDENTAL PETROLEUM CORP COM 674599105 3,626 167,676 SH DEFINED 1,2 167,676
OFFICE DEPOT COM 676220106 1,684 154,000 SH DEFINED 1,2 154,000
OLD KENT FINL CORP COM 679833103 1,931 54,600 SH DEFINED 1,2 54,600
OMNICOM GROUP COM 681919106 8,120 81,200 SH DEFINED 1,2 81,200
ONEOK INC NEW COM COM 682680103 364 14,502 SH DEFINED 1,2 14,502
ORACLE CORPORATION COM 68389X105 73,124 652,528 SH DEFINED 1,2 652,528
OWENS CORNING COM 69073F103 488 25,290 SH DEFINED 1,2 25,290
OWENS ILL INC COM NEW 690768403 1,744 69,600 SH DEFINED 1,2 69,600
P P + L RES INC COM 693499105 1,535 67,100 SH DEFINED 1,2 67,100
PACCAR INC COM 693718108 1,594 35,976 SH DEFINED 1,2 35,976
PACTIV CORP COM COM 695257105 836 78,695 SH DEFINED 1,2 78,695
PAINE WEBBER INC COM 695629105 2,546 65,600 SH DEFINED 1,2 65,600
PALL CORP COM 696429307 1,228 56,973 SH DEFINED 1,2 56,973
PARAMETRIC TECHNOLOGY COM 699173100 3,345 123,600 SH DEFINED 1,2 123,600
PARKER HANNIFIN COM 701094104 2,620 51,052 SH DEFINED 1,2 51,052
PAYCHEX INC COM 704326107 4,510 112,750 SH DEFINED 1,2 112,750
PE CORP COM CELERA GENOMI CELGEN GRP 69332S201 325 2,179 SH DEFINED 1,2 2,179
PE CORP COM PE BIOSYS GRO COM PE BIO 69332S102 5,672 47,140 SH DEFINED 1,2 47,140
PECO ENERGY CO COM 693304107 3,086 88,873 SH DEFINED 1,2 88,873
PENNEY J C INC COM 708160106 2,374 119,066 SH DEFINED 1,2 119,066
PEOPLES ENERGY CORP COM 711030106 547 16,320 SH DEFINED 1,2 16,320
PEOPLESOFT COM 712713106 2,401 112,642 SH DEFINED 1,2 112,642
PEP BOYS MANNY MOE & JACK COM 713278109 230 25,177 SH DEFINED 1,2 25,177
PEPSI-COLA PUERTO RICO BO CL B 71343P101 9,165 2,471,254 SH DEFINED 1,2 2,471,254
PEPSICO INC COM 713448108 23,584 669,052 SH DEFINED 1,2 669,052
PERKINELMER INC. COM 714046109 875 20,999 SH DEFINED 1,2 20,999
PETRO CANADA COM/VARIBL 71644E102 429 30,000 SH DEFINED 30,000
PFIZER INC COM 717081103 57,703 1,778,864 SH DEFINED 1,2 1,778,864
PG+E CORPORATION COM 69331C108 3,612 176,194 SH DEFINED 1,2 176,194
PHARMACIA & UPJOHN INC COM 716941109 10,678 237,289 SH DEFINED 1,2 237,289
PHELPS DODGE CORP COM 717265102 2,454 36,554 SH DEFINED 1,2 36,554
PHILIP MORRIS COS INC COM 718154107 25,160 1,085,077 SH DEFINED 1,2 1,085,077
PHILLIPS PETROLEUM CO COM 718507106 5,461 116,187 SH DEFINED 1,2 116,187
PINNACLE WEST CAPITAL COR COM 723484101 1,195 39,100 SH DEFINED 1,2 39,100
PITNEY BOWES INC COM 724479100 5,906 122,236 SH DEFINED 1,2 122,236
PLACER DOME COM 725906101 1,603 149,070 SH DEFINED 1,2 149,070
PNC BANK CORP COM 693475105 6,013 135,124 SH DEFINED 1,2 135,124
POGO PRODUCING CO COM 730448107 5,600 273,171 SH DEFINED 1,2 273,171
POLAROID CORP COM 731095105 382 20,317 SH DEFINED 1,2 20,317
POTLATCH CORP COM 737628107 589 13,193 SH DEFINED 1,2 13,193
PPG INDUSTRIES, INC. COM 693506107 4,994 79,822 SH DEFINED 1,2 79,822
PRAXAIR INC COM 74005P104 3,663 72,804 SH DEFINED 1,2 72,804
PRICE COMMUNICATIONS CORP COM NEW 741437305 6,591 236,992 SH DEFINED 1,2 236,992
PROCTOR AND GAMBLE CO COM 742718109 66,078 603,108 SH DEFINED 1,2 603,108
PROGRESSIVE CORP OHIO COM 743315103 2,450 33,500 SH DEFINED 1,2 33,500
PROVIDIAN FINL CORP COM 74406A102 5,922 65,029 SH DEFINED 1,2 65,029
PUBLIC SERVICE ENTERPRISE COM 744573106 3,512 100,894 SH DEFINED 1,2 100,894
PULTE CORP COM 745867101 450 20,014 SH DEFINED 1,2 20,014
QUAKER OATS COM 747402105 4,034 61,476 SH DEFINED 1,2 61,476
QUALCOMM COM 747525103 53,331 302,800 SH DEFINED 1,2 302,800
QUEST DIAGNOSTICS INC COM COM 74834L100 364 11,910 SH DEFINED 1,2 11,910
QUIMICA Y MINERA ADR (REP SPON ADR B 833635105 2,629 83,300 SH DEFINED 83,300
QUINTILES TRANSNATIONAL C COM 748767100 996 53,300 SH DEFINED 1,2 53,300
RALSTON-RALSTON PURINA GR COM RALPUR 751277302 4,125 147,995 SH DEFINED 1,2 147,995
RAYTHEON CO CLASS B CL B 755111408 4,123 155,202 SH DEFINED 1,2 155,202
REEBOK INTL LTD COM 758110100 212 25,843 SH DEFINED 1,2 25,843
REGIONS FINL CORP COM 758940100 2,520 100,300 SH DEFINED 1,2 100,300
RELIANT ENERGY INC COM 75952J108 3,088 134,974 SH DEFINED 1,2 134,974
REPUBLIC N Y CORP COM 760719104 3,175 44,100 SH DEFINED 1,2 44,100
REYNOLDS METAL CO COM 761763101 2,243 29,275 SH DEFINED 1,2 29,275
RITE AID CORP COM 767754104 1,335 119,332 SH DEFINED 1,2 119,332
ROCKWELL INTL CORP NEW CO COM 773903109 4,187 87,456 SH DEFINED 1,2 87,456
ROHM & HAAS CO COM 775371107 4,074 100,117 SH DEFINED 1,2 100,117
ROWAN COS INC COM 779382100 833 38,403 SH DEFINED 1,2 38,403
ROYAL BANK OF CANADA COM 780087102 912 21,100 SH DEFINED 21,100
ROYAL DUTCH PETROLEUM NY REG GLD 780257804 67,378 1,113,534 SH DEFINED 1,2 1,113,534
RUSSELL CORP COM 782352108 258 15,425 SH DEFINED 1,2 15,425
RYDER SYSTEM INC COM 783549108 738 30,186 SH DEFINED 1,2 30,186
RYERSON TULL, INC COM 78375P107 447 23,021 SH DEFINED 1,2 23,021
SAFECO CORP COM 786429100 1,504 60,444 SH DEFINED 1,2 60,444
SAFEWAY INC COM NEW 786514208 8,293 233,200 SH DEFINED 1,2 233,200
SARA LEE COM 803111103 9,215 417,668 SH DEFINED 1,2 417,668
SBC COMMUNICATIONS INC COM 78387G103 76,308 1,565,298 SH DEFINED 1,2 1,565,298
SCHERING PLOUGH CORP COM 806605101 28,454 674,476 SH DEFINED 1,2 674,476
SCHLUMBERGER LTD COM 806857108 14,168 251,872 SH DEFINED 1,2 251,872
SCHWAB CHARLES CORP COM 808513105 14,425 375,900 SH DEFINED 1,2 375,900
SCIENTIFIC ATLANTA COM 808655104 1,988 35,732 SH DEFINED 1,2 35,732
SCOTTISH PWR PLC SPONSORE SPON ADR F 81013T705 1,844 65,869 SH DEFINED 1,2 65,869
SEAGATE TECHNOLOGY COM 811804103 4,470 96,000 SH DEFINED 1,2 96,000
SEAGRAM CO LTD COM 811850106 9,036 201,172 SH DEFINED 1,2 201,172
SEALED AIR COR CONV PFD S PF CV A $2 81211K209 833 16,497 SH DEFINED 1,2 16,497
SEALED AIR CORP COM 81211K100 1,980 38,215 SH DEFINED 1,2 38,215
SEARS ROEBUCK & CO. USD0. COM 812387108 5,286 173,668 SH DEFINED 1,2 173,668
SEMPRA ENERGY COM 816851109 1,924 110,732 SH DEFINED 1,2 110,732
SERVICE CORP., INTERNATIO COM 817565104 864 124,522 SH DEFINED 1,2 124,522
SHARED MEDICAL SYSTEM COR COM 819486101 620 12,162 SH DEFINED 1,2 12,162
SHERWIN WILLIAMS CO COM 824348106 1,614 76,838 SH DEFINED 1,2 76,838
SIGMA-ALDRICH COM 826552101 1,392 46,300 SH DEFINED 1,2 46,300
SILICON GRAPHICS COM 827056102 832 84,800 SH DEFINED 1,2 84,800
SLM HLDG CORP COM COM 78442A109 3,088 73,100 SH DEFINED 1,2 73,100
SNAP-ON, INC. COM 833034101 714 26,873 SH DEFINED 1,2 26,873
SOLECTRON CORP COM 834182107 12,766 134,200 SH DEFINED 1,2 134,200
SOUTHERN CO COM 842587107 7,276 309,632 SH DEFINED 1,2 309,632
SOUTHERN PERU COPPER CORP COM 843611104 942 61,600 SH DEFINED 61,600
SOUTHTRUST CORP COM 844730101 2,912 77,000 SH DEFINED 1,2 77,000
SOUTHWEST AIRLINES COM 844741108 3,745 231,386 SH DEFINED 1,2 231,386
SPDR TR UNIT SER 1 78462F103 2,326 15,982 SH DEFINED 1,2 15,982
SPRINGS INDUSTRIES CL A 851783100 331 8,281 SH DEFINED 1,2 8,281
SPRINT CORP COM FON GR 852061100 28,821 428,172 SH DEFINED 1,2 428,172
SPRINT CORP (PCS GROUP) PCS COMSE1 852061506 21,002 204,893 SH DEFINED 1,2 204,893
ST JUDE MEDICAL COM 790849103 1,188 38,715 SH DEFINED 1,2 38,715
ST PAUL COMPANIES COM 792860108 3,517 104,414 SH DEFINED 1,2 104,414
STANLEY WORKS COM 854616109 1,235 41,012 SH DEFINED 1,2 41,012
STAPLES INC RETAIL & DELI COM 855030102 4,438 213,900 SH DEFINED 1,2 213,900
STATE STREET CORP COM 857477103 5,363 73,400 SH DEFINED 1,2 73,400
SUMMIT BANCORP COM COM 866005101 2,462 80,400 SH DEFINED 1,2 80,400
SUN MICROSYSTEMS INC COM 866810104 55,423 715,708 SH DEFINED 1,2 715,708
SUN TRUST BANKS INC COM 867914103 10,095 146,704 SH DEFINED 1,2 146,704
SUNOCO, INC. COM 86764P109 980 41,703 SH DEFINED 1,2 41,703
SUPER VALU STORES INC COM 868536103 1,250 62,506 SH DEFINED 1,2 62,506
SYNOVUS FINL CORP COM 87161C105 2,538 127,700 SH DEFINED 1,2 127,700
SYSCO CORP COM 871829107 5,991 151,420 SH DEFINED 1,2 151,420
T. ROWE PRICE COM 741477103 2,032 55,000 SH DEFINED 1,2 55,000
TALISMAN ENERGY INC. COM 87425E103 1,166 46,000 SH DEFINED 46,000
TANDY CORP COM 875382103 4,368 88,800 SH DEFINED 1,2 88,800
TEKTRONIX INC COM 879131100 848 21,823 SH DEFINED 1,2 21,823
TELEBRAS ADR (REP 1000 PR SPONS ADR 879287100 0 24,500 SH DEFINED 24,500
TELEBRAS HOLDERS ADR SPONS ADR 879287308 4,635 36,000 SH DEFINED 36,000
TELEDYNE TECHNOLOGIES INC COM 879360105 121 12,861 SH DEFINED 1,2 12,861
TELEFONICA DE PERU-SPON A SPON ADR B 879384105 1,307 98,000 SH DEFINED 98,000
TELEFONOS DE MEXICO SA SP ADR ORL 879403780 10,806 96,000 SH DEFINED 96,000
TELKOMUNIKASI INDONESIA A SPONS ADR 715684106 1,454 133,144 SH DEFINED 133,144
TELLABS INC COM 879664100 11,785 183,600 SH DEFINED 1,2 183,600
TEMPLE INLAND INC COM 879868107 1,698 25,756 SH DEFINED 1,2 25,756
TENET HEALTHCARE CORP COM 88033G100 3,354 142,726 SH DEFINED 1,2 142,726
TENNECO AUTO INC COM COM 880349105 147 15,819 SH DEFINED 1,2 15,819
TERADYNE INC COM 880770102 5,188 78,600 SH DEFINED 1,2 78,600
TEVA PHARMACEUTICALS INDS ADR 881624209 868 12,300 SH DEFINED 12,300
TEXACO INC COM 881694103 13,743 253,042 SH DEFINED 1,2 253,042
TEXAS INSTRUMENTS INC COM 882508104 35,643 367,924 SH DEFINED 1,2 367,924
TEXAS UTILITIES CO COM 882848104 4,512 126,884 SH DEFINED 1,2 126,884
TEXTRON INC COM 883203101 5,233 68,236 SH DEFINED 1,2 68,236
THERMO ELECTRON COM 883556102 1,091 72,700 SH DEFINED 1,2 72,700
THOMAS & BETTS COM 884315102 841 26,398 SH DEFINED 1,2 26,398
TIME WARNER INC COM COM 887315109 42,748 590,132 SH DEFINED 1,2 590,132
TIMES MIRROR CO COM SER A 887364107 1,853 27,652 SH DEFINED 1,2 27,652
TIMKEN COMPANY COM 887389104 579 28,330 SH DEFINED 1,2 28,330
TJX COS INC COM 872540109 2,919 142,828 SH DEFINED 1,2 142,828
TORCHMARK CORP COM 891027104 1,771 60,928 SH DEFINED 1,2 60,928
TORONTO DOMINION BANK COM NEW 891160509 1,936 74,000 SH DEFINED 74,000
TOSCO CORP COM NEW 891490302 1,813 66,700 SH DEFINED 1,2 66,700
TOYS R US INC COM 892335100 1,629 113,825 SH DEFINED 1,2 113,825
TREX COMPANY INC COM 89531P105 15,112 564,949 SH DEFINED 1,2 564,949
TRIBUNE CO COM 896047107 6,022 109,364 SH DEFINED 1,2 109,364
TRICON GLOBAL RESTAURANTS COM 895953107 2,708 70,115 SH DEFINED 1,2 70,115
TRW INC. COM 872649108 2,890 55,646 SH DEFINED 1,2 55,646
TUBOS DE ACERE MEX ADR NEW 898592506 1,010 75,000 SH DEFINED 75,000
TUPPERWARE CORPCOM COM 899896104 450 26,548 SH DEFINED 1,2 26,548
TYCO INTERNATIONAL LTD COM 902124106 30,068 773,463 SH DEFINED 1,2 773,463
U S T INC COM 902911106 1,990 78,995 SH DEFINED 1,2 78,995
U S WEST INC COM 91273H101 16,643 231,157 SH DEFINED 1,2 231,157
U.S. BANCORP COM 902973106 7,963 334,392 SH DEFINED 1,2 334,392
UNICOM CORP COM 904911104 3,352 100,062 SH DEFINED 1,2 100,062
UNILEVER N V NEW YORK SHS NY SHS NEW 904784709 14,290 262,496 SH DEFINED 1,2 262,496
UNION CARBIDE CORP COM 905581104 4,103 61,465 SH DEFINED 1,2 61,465
UNION OIL CO OF CALIFORNI COM 915289102 3,793 112,999 SH DEFINED 1,2 112,999
UNION PACIFIC CORP COM 907818108 4,974 114,006 SH DEFINED 1,2 114,006
UNION PACIFIC RES GROUP I COM 907834105 1,480 116,059 SH DEFINED 1,2 116,059
UNION PLANTERS COM 908068109 2,540 64,400 SH DEFINED 1,2 64,400
UNISYS CORP. COM 909214108 5,288 165,565 SH DEFINED 1,2 165,565
UNITED HEALTH CARE CORP COM 910581107 4,138 77,900 SH DEFINED 1,2 77,900
UNITED TECH. CORP. COM 913017109 14,283 219,744 SH DEFINED 1,2 219,744
UNUMPROVIDENT CORP COM 91529Y106 3,522 109,855 SH DEFINED 1,2 109,855
US AIRWAYS GROUP, INC COM 911905107 1,061 33,100 SH DEFINED 1,2 33,100
USX MARATHON GRP COM NEW 902905827 3,516 142,423 SH DEFINED 1,2 142,423
USX US STEEL GRP COM 90337T101 1,340 40,614 SH DEFINED 1,2 40,614
V F CORP COM 918204108 1,637 54,568 SH DEFINED 1,2 54,568
VIACOM INC CL B CL B 925524308 19,298 319,298 SH DEFINED 1,2 319,298
VULCAN MATLS CO COM 929160109 1,849 46,300 SH DEFINED 1,2 46,300
WACHOVIA CORP COM 929771103 6,314 92,850 SH DEFINED 1,2 92,850
WAL-MART STORES INC COM 931142103 141,331 2,044,686 SH DEFINED 1,2 2,044,686
WALGREEN COM 931422109 13,451 459,868 SH DEFINED 1,2 459,868
WARNER LAMBERT CO COM 934488107 32,263 393,754 SH DEFINED 1,2 393,754
WASHINGTON MUTUAL INC COM COM 939322103 6,896 265,212 SH DEFINED 1,2 265,212
WASTE MANAGEMENT, INC. COM 94106L109 4,872 283,470 SH DEFINED 1,2 283,470
WATSON PHARMACEUTICALS IN COM 942683103 1,579 44,100 SH DEFINED 1,2 44,100
WELLPOINT CALIFORNIA SVCS COM 94973H108 1,952 29,600 SH DEFINED 1,2 29,600
WELLS FARGO CO COM 949746101 30,466 753,400 SH DEFINED 1,2 753,400
WENDYS INTERNATIONAL INC COM 950590109 1,142 55,386 SH DEFINED 1,2 55,386
WESTVACO COM 961548104 1,509 46,245 SH DEFINED 1,2 46,245
WEYERHAEUSER CO COM 962166104 7,706 107,312 SH DEFINED 1,2 107,312
WHIRLPOOL CORP COM 963320106 2,240 34,436 SH DEFINED 1,2 34,436
WILLAMETTE INDUSTRIES INC COM 969133107 2,382 51,300 SH DEFINED 1,2 51,300
WILLIAMS COMPANIES COM 969457100 6,078 198,860 SH DEFINED 1,2 198,860
WINN- DIXIE STORES COM 974280109 1,633 68,218 SH DEFINED 1,2 68,218
WORLD ACCESS INC NEW COM 98141A101 435 22,623 SH DEFINED 1,2 22,623
WORTHINGTON INDUSTRIES COM 981811102 687 41,505 SH DEFINED 1,2 41,505
WRIGLEY, WM. JR. COM 982526105 4,403 53,085 SH DEFINED 1,2 53,085
XEROX CORP. COM 984121103 6,910 304,582 SH DEFINED 1,2 304,582
XILINX COM 983919101 6,688 147,100 SH DEFINED 1,2 147,100
YAHOO INC COM 984332106 52,225 120,700 SH DEFINED 1,2 120,700
3COM CORP COM 885535104 7,435 158,200 SH DEFINED 1,2 158,200
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