UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
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 holding entries.
Institutional Investment Manager Filing this Report:
Name: Guardian Investor Services Corp..
Address: 7 Hanover Square
New York, NY 10004
13F File Number:
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: Frank L. Pepe
Title: Vice President/Treasurer
Phone: 212-598-8445
Signature, Place, and Date of Signing:
Frank L. Pepe New York, NY November 2, 1999
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 395
Form 13F Information Table Value Total: $3,457,920,490
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE>
THE GUARDIAN STOCK FUND
FORM 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NAME OF ISSUER TITLE OF CUSIP MKT VAL SHRS/PRI INV DISCRETION VOTING AUTHORITY (SHARES)
CLASS NUMBER SOLESHRD OTHR MGR A-SOLE B-SHRD C-NONE
GLOBAL CROSSING LTD COM G3921A100 19,638,488 741,075 X 01 741,075 0 0
TRANSOCEAN OFFSHORE, INC. ORD G90076103 9,555,000 312,000 X 01 312,000 0 0
AFC CABLE SYSTEMS, INC. COM 000950105 1,827,500 43,000 X 01 43,000 0 0
AMFM, INC. COM 001693100 9,983,500 164,000 X 01 164,000 0 0
AT & T CORP. COM 001957109 23,540,156 541,153 X 01 541,153 0 0
ABERCROMBIE AND FITCH CO. CL A 002896207 5,450,000 160,000 X 01 160,000 0 0
ABITIBI CONSOLIDATED, INC. COM 003924107 5,122,944 424,700 X 01 424,700 0 0
ADAPTEC, INC. COM 00651F108 10,009,188 252,200 X 01 252,200 0 0
ADELPHIA COMMUNICATIONS CORP CL A 006848105 12,491,775 212,400 X 01 212,400 0 0
ADOBE SYSTEMS, INC. COM 00724F101 9,931,250 87,500 X 01 87,500 0 0
ADVANCED MICRO DEVICES, INC. COM 007903107 11,550,000 672,000 X 01 672,000 0 0
ADVENT SOFTWARE, INC. COM 007974108 1,450,425 23,300 X 01 23,300 0 0
ALBERTSONS, INC. COM 013104104 5,143,125 130,000 X 01 130,000 0 0
AMERICA ONLINE, INC. COM 02364J104 42,421,600 407,900 X 01 407,900 0 0
AMERICAN EXPRESS CO. COM 025816109 39,633,600 294,400 X 01 294,400 0 0
AMERICAN GENERAL CORP. COM 026351106 3,001,406 47,500 X 01 47,500 0 0
AMERITECH CORP. COM 030954101 47,219,375 702,800 X 01 702,800 0 0
AMGEN, INC. COM 031162100 19,641,500 241,000 X 01 241,000 0 0
ANADARKO PETROLEUM CORP. COM 032511107 11,934,656 390,500 X 01 390,500 0 0
ANDRX CORP. COM 034551101 4,992,716 85,300 X 01 85,300 0 0
ANHEUSER BUSCH COS., INC. COM 035229103 25,677,906 366,500 X 01 366,500 0 0
APACHE CORP. COM 037411105 10,088,600 233,600 X 01 233,600 0 0
APPLE COMPUTER COM 037833100 15,612,863 246,600 X 01 246,600 0 0
APPLIED MICRO CIRCUITS CORP COM 03822W109 8,664,000 152,000 X 01 152,000 0 0
APPLIED MATERIALS INC COM 038222105 14,061,438 181,000 X 01 181,000 0 0
AT HOME CORP COM SER A 045919107 4,567,739 110,232 X 01 110,232 0 0
BJS WHOLESALE CLUB, INC. COM 05548J106 10,196,106 344,900 X 01 344,900 0 0
BANK OF AMERICA CORP. COM 060505104 8,019,000 144,000 X 01 144,000 0 0
BANK ONE CORP. COM 06423A103 10,099,106 290,100 X 01 290,100 0 0
BELL ATLANTIC CORP COM 077853109 20,866,875 310,000 X 01 310,000 0 0
BEST BUY CO., INC. COM 086516101 15,379,088 247,800 X 01 247,800 0 0
BIOGEN, INC. COM 090597105 13,398,125 170,000 X 01 170,000 0 0
BOWATER, INC. COM 102183100 4,945,500 94,200 X 01 94,200 0 0
BRISTOL MYERS SQUIBB CO. COM 110122108 49,653,000 735,600 X 01 735,600 0 0
BURLINGTON RESOURCES, INC. COM 122014103 12,054,000 328,000 X 01 328,000 0 0
CBS CORP. COM 12490K107 28,924,750 625,400 X 01 625,400 0 0
CMG INFORMATION SERVICES, INC. COM 125750109 8,159,065 79,200 X 01 79,200 0 0
CVS CORP COM 126650100 10,263,201 251,472 X 01 251,472 0 0
CALIFORNIA FEDERAL BANK LOS ANG2ND CONT L 130209703 28,730 27,040 X 01 27,040 0 0
CAMBREX CORP COM 132011107 2,963,644 112,100 X 01 112,100 0 0
CENTOCOR INC COM 152342101 10,857,488 185,400 X 01 185,400 0 0
CHAMPION INT'L. CORP. COM 158525105 7,002,413 136,300 X 01 136,300 0 0
CHARTER ONE FINANCIAL, INC. COM 160903100 19,266,382 833,141 X 01 833,141 0 0
CHASE MANHATTAN CORP. COM 16161A108 36,790,538 488,100 X 01 488,100 0 0
CHEVRON CORP COM 166751107 20,412,500 230,000 X 01 230,000 0 0
CHIRON CORP COM 170040109 7,040,931 254,300 X 01 254,300 0 0
CISCO SYSTEMS, INC. COM 17275R102 37,777,938 551,000 X 01 551,000 0 0
CITIGROUP, INC. COM 172967101 53,746,000 1,221,500 X 01 1,221,500 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 15,176,250 190,000 X 01 190,000 0 0
COAST FEDERAL LITIGATION TRUST RT 19034Q110 20,625 20,000 X 01 20,000 0 0
COASTAL CORP COM 190441105 8,862,969 216,500 X 01 216,500 0 0
COMCAST CORP CL A 200300200 13,158,750 330,000 X 01 330,000 0 0
COMMERCIAL FEDERAL CORP. COM 201647104 273,711 14,200 X 01 14,200 0 0
CONOCO, INC. CL B 208251405 28,278,375 1,033,000 X 01 1,033,000 0 0
CONSOLIDATED EDISON, INC. COM 209115104 12,342,100 297,400 X 01 297,400 0 0
COORS (ADOLPH) CO. CL B 217016104 8,010,500 148,000 X 01 148,000 0 0
COSTCO WHOLESALE CORP. COM 22160K105 10,080,000 140,000 X 01 140,000 0 0
COUNTRYWIDE CREDIT INDS., INC. COM 222372104 9,184,800 284,800 X 01 284,800 0 0
COX COMMUNICATIONS, INC. CL A 224044107 9,965,725 238,700 X 01 238,700 0 0
CRITICAL PATH, INC. COM 22674V100 9,432,369 233,800 X 01 233,800 0 0
CROSSMANN COMMUNITYS, INC. COM 22764E109 1,247,906 76,500 X 01 76,500 0 0
DQE COM 23329J104 6,181,750 158,000 X 01 158,000 0 0
D.R.HORTON INC COM 23331A109 1,940,625 150,000 X 01 150,000 0 0
DAIN RAUSCHER CORP COM 233856103 504,700 10,300 X 01 10,300 0 0
DAYTON HUDSON CORP COM 239753106 16,391,056 272,900 X 01 272,900 0 0
DELPHI AUTOMOTIVE SYSTEMS CORP.COM 247126105 7,269,133 452,553 X 01 452,553 0 0
DEVON ENERGY CORPORATION COM 25179M103 5,937,994 143,300 X 01 143,300 0 0
DOUBLECLICK, INC. COM 258609304 9,935,025 83,400 X 01 83,400 0 0
DUKE ENERGY CO. COM 264399106 8,089,043 146,740 X 01 146,740 0 0
E M C CORP. COM 268648102 41,705,213 583,800 X 01 583,800 0 0
E TEK DYNAMICS, INC. COM 269240107 5,745,075 105,900 X 01 105,900 0 0
EATON CORP. COM 278058102 7,388,350 85,600 X 01 85,600 0 0
EBAY, INC. COM 278642103 12,610,988 89,400 X 01 89,400 0 0
ENERGY EAST CORP. COM 29266M109 3,790,500 159,600 X 01 159,600 0 0
ENZON, INC. COM 293904108 6,060,350 198,700 X 01 198,700 0 0
EXODUS COMMUNICATIONS, INC. COM 302088109 7,998,938 111,000 X 01 111,000 0 0
EXXON CORP COM 302290101 16,918,875 222,800 X 01 222,800 0 0
FEDERAL HOME LOAN MTG. CORP. COM 313400301 7,997,600 153,800 X 01 153,800 0 0
FIFTH THIRD BANCORP COM 316773100 8,518,125 140,000 X 01 140,000 0 0
FIRSTAR CORP. COM 33763V109 10,073,188 393,100 X 01 393,100 0 0
FORD MOTOR CO. COM 345370100 21,791,413 434,200 X 01 434,200 0 0
GST TELECOMMUNICATIONS, INC. COM 361942105 2,111,484 300,300 X 01 300,300 0 0
GTE CORP. COM 362320103 38,053,125 495,000 X 01 495,000 0 0
GAP, INC. COM 364760108 15,600,000 487,500 X 01 487,500 0 0
GENERAL DYNAMICS CORP. COM 369550108 9,765,225 156,400 X 01 156,400 0 0
GENERAL ELECTRIC CO. COM 369604103 58,759,575 495,600 X 01 495,600 0 0
GENZYME CORP. COM 372917104 3,785,250 84,000 X 01 84,000 0 0
GEORGIA PACIFIC CORP. COM 373298108 7,443,900 183,800 X 01 183,800 0 0
GOLDEN STATE BANCORP, INC. WT 381197136 47,500 40,000 X 01 40,000 0 0
GOLDMAN SACHS GROUP, INC. COM 38141G104 1,775,100 29,100 X 01 29,100 0 0
GO2NET COM 383486107 3,153,325 48,700 X 01 48,700 0 0
HALLIBURTON CO. COM 406216101 15,826,000 386,000 X 01 386,000 0 0
HAMBRECHT & QUIST GROUP, INC. COM 406545103 16,545,769 338,100 X 01 338,100 0 0
HEWLETT PACKARD CO. COM 428236103 41,584,000 452,000 X 01 452,000 0 0
HOME DEPOT, INC. COM 437076102 28,822,500 420,000 X 01 420,000 0 0
ICG COMMUNICATIONS, INC. COM 449246107 2,967,769 190,700 X 01 190,700 0 0
INFINITY BROADCASTING CORP. CL A 45662S102 21,667,800 739,200 X 01 739,200 0 0
INGERSOLLRAND CO. COM 456866102 7,130,888 129,800 X 01 129,800 0 0
INTEL CORP. COM 458140100 92,912,919 1,250,300 X 01 1,250,300 0 0
INTERMEDIA COMMUNICATIONS, INC.COM 458801107 3,075,450 141,400 X 01 141,400 0 0
INTERNATIONAL BUSINESS MACHINESCOM 459200101 127,977,800 1,054,400 X 01 1,054,400 0 0
INTERNATIONAL PAPER CO. COM 460146103 16,394,119 341,100 X 01 341,100 0 0
INTERNET CAP GROUP, INC. COM 46059C106 2,771,395 31,400 X 01 31,400 0 0
INVESTMENT TECHNOLOGY GROUP COM 46145F105 7,774,000 338,000 X 01 338,000 0 0
JEFFRIES GROUP, INC. COM 472319102 7,055,750 338,000 X 01 338,000 0 0
JOHNSON & JOHNSON COM 478160104 15,710,625 171,000 X 01 171,000 0 0
JONES APPAREL GROUP, INC. COM 480074103 5,635,000 196,000 X 01 196,000 0 0
JUNIPER NETWORKS, INC. COM 48203R104 5,942,321 31,000 X 01 31,000 0 0
KANSAS CITY SOUTHERN INDS., INCCOM 485170104 14,832,138 319,400 X 01 319,400 0 0
KEYCORP COM 493267108 7,405,606 286,900 X 01 286,900 0 0
KEYSPAN CORP. COM 49337W100 8,152,400 284,800 X 01 284,800 0 0
KIMBERLY CLARK CORP. COM 494368103 9,476,250 180,500 X 01 180,500 0 0
KNIGHT TRIMARK GROUP CL A 499067106 2,064,863 69,700 X 01 69,700 0 0
KROGER CO. COM 501044101 16,105,625 730,000 X 01 730,000 0 0
LSI LOGICCORP COM 502161102 7,570,500 147,000 X 01 147,000 0 0
LAM RESH CORP. COM 512807108 6,547,406 104,600 X 01 104,600 0 0
LEGG MASON, INC. COM 524901105 3,345,907 87,332 X 01 87,332 0 0
LEHMAN BROTHERS HOLDINGS, INC. COM 524908100 18,374,269 315,100 X 01 315,100 0 0
LENNAR CORP. COM 526057104 1,896,563 119,000 X 01 119,000 0 0
LEXMARK INT'L. GROUP, INC. CL A 529771107 43,542,450 540,900 X 01 540,900 0 0
LIPOSOME, INC. COM 536310105 1,068,356 140,400 X 01 140,400 0 0
LOWES COS ., INC. COM 548661107 9,282,000 190,400 X 01 190,400 0 0
LUCENT TECHNOLOGIES, INC. COM 549463107 43,803,600 675,200 X 01 675,200 0 0
M & T BANK CORP. COM 55261F104 10,385,793 22,627 X 01 22,627 0 0
MCI WORLDCOM, INC. COM 55268B106 39,711,513 552,508 X 01 552,508 0 0
MARTIN MARIETTA MATERIALS, INC.COM 573284106 6,783,384 169,850 X 01 169,850 0 0
MEAD CORP. COM 582834107 6,734,063 195,900 X 01 195,900 0 0
MEDIAONE GROUP, INC. COM 58440J104 32,134,200 470,400 X 01 470,400 0 0
MEDIMMUNE, INC. COM 584699102 8,580,403 86,100 X 01 86,100 0 0
MERCK & CO., INC. COM 589331107 23,643,600 364,800 X 01 364,800 0 0
MERCURY INTERACTIVE CORP. COM 589405109 645,625 10,000 X 01 10,000 0 0
MERRILL LYNCH & CO., INC. COM 590188108 8,331,250 124,000 X 01 124,000 0 0
MICROSOFT CORP. COM 594918104 179,503,931 1,982,100 X 01 1,982,100 0 0
MICROMUSE, INC. COM 595094103 1,162,925 18,100 X 01 18,100 0 0
MICRON TECHNOLOGY, INC. COM 595112103 36,609,375 550,000 X 01 550,000 0 0
MILLENNIUM PHARMACEUTICALS COM 599902103 4,439,500 68,300 X 01 68,300 0 0
MINDSPRING ENTERPRISES, INC. COM 602683104 3,820,875 138,000 X 01 138,000 0 0
MONTANA POWER CO. COM 612085100 14,530,863 477,400 X 01 477,400 0 0
MORGAN (J. P.) & CO. INC. COM 616880100 22,655,775 198,300 X 01 198,300 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 17,748,313 199,000 X 01 199,000 0 0
MOTOROLA, INC. COM 620076109 36,080,000 410,000 X 01 410,000 0 0
NATIONAL CITY CORP. COM 635405103 6,429,019 240,900 X 01 240,900 0 0
NATIONAL SEMICONDUCTOR CORP. COM 637640103 7,701,250 252,500 X 01 252,500 0 0
NAVISTAR INT'L. CORP., INC. COM 63934E108 11,857,500 255,000 X 01 255,000 0 0
NEW CENTURY ENERGIES, INC. COM 64352U103 2,156,719 64,500 X 01 64,500 0 0
NEWFIELD EXPL. CO. COM 651290108 7,651,381 232,300 X 01 232,300 0 0
NISOURCE, INC. COM 65473P105 1,283,250 58,000 X 01 58,000 0 0
NOKIA CORP. ADR 654902204 9,214,763 102,600 X 01 102,600 0 0
NORTEL NETWORKS CORP. COM 656569100 25,398,000 498,000 X 01 498,000 0 0
NORTH FORK BANCORPORATION, INC.COM 659424105 8,330,400 427,200 X 01 427,200 0 0
NOVELL, INC. COM 670006105 19,204,206 928,300 X 01 928,300 0 0
OPTICAL COATING LAB., INC. COM 683829105 3,231,394 35,100 X 01 35,100 0 0
ORACLE CORP. COM 68389X105 33,783,750 742,500 X 01 742,500 0 0
OUTBACK STEAKHOUSE, INC. COM 689899102 3,608,922 141,700 X 01 141,700 0 0
PMC SIERRA, INC. COM 69344F106 8,454,500 91,400 X 01 91,400 0 0
PAINE WEBBER GROUP, INC. COM 695629105 7,373,250 203,400 X 01 203,400 0 0
PATTERSON DENTAL CO. COM 703412106 1,338,188 27,000 X 01 27,000 0 0
PFIZER, INC. COM 717081103 80,492,813 2,239,800 X 01 2,239,800 0 0
PREMIER NATIONAL BANCORP, INC. COM 74053F107 4,297,394 247,332 X 01 247,332 0 0
QUALCOMM, INC. COM 747525103 9,081,000 48,000 X 01 48,000 0 0
ROSS STORES, INC. COM 778296103 6,399,750 318,000 X 01 318,000 0 0
ROYAL DUTCH PETROLEUM CO. NY REG GLD 780257804 15,102,281 255,700 X 01 255,700 0 0
SBC COMMUNICATIONS, INC. COM 78387G103 6,413,450 125,600 X 01 125,600 0 0
SAFEWAY, INC. COM 786514208 16,381,719 430,390 X 01 430,390 0 0
SAGA SYSTEMS, INC. COM 786610105 1,518,825 105,200 X 01 105,200 0 0
SAKS, INC. COM 79377W108 3,622,219 238,500 X 01 238,500 0 0
SAWTEK, INC. COM 805468105 3,496,500 99,900 X 01 99,900 0 0
SCHERING PLOUGH CORP. COM 806605101 23,199,775 531,800 X 01 531,800 0 0
SCHLUMBERGER LTD. COM 806857108 15,827,375 254,000 X 01 254,000 0 0
SCHWAB CHARLES CORP. COM 808513105 9,469,556 281,100 X 01 281,100 0 0
SCIENTIFIC ATLANTA, INC. COM 808655104 8,980,725 181,200 X 01 181,200 0 0
SEPRACOR, INC. COM 817315104 10,313,300 136,600 X 01 136,600 0 0
SIEBEL SYSTEMS, INC. COM 826170102 7,761,813 116,500 X 01 116,500 0 0
SMURFIT STONE CONTAINER CORP. COM 832727101 7,400,075 342,200 X 01 342,200 0 0
SOLECTRON CORP. COM 834182107 14,793,375 206,000 X 01 206,000 0 0
SOUTHDOWN, INC. COM 841297104 5,490,170 102,620 X 01 102,620 0 0
SOUTHWEST AIRLINES CO. COM 844741108 7,309,744 481,300 X 01 481,300 0 0
SPRINT CORP. COM 852061100 22,893,500 422,000 X 01 422,000 0 0
SPRINT CORP. PCS 852061506 7,866,344 105,500 X 01 105,500 0 0
STATE AUTO FINANCIAL CORP. COM 855707105 2,214,000 216,000 X 01 216,000 0 0
SUN MICROSYSTEMS, INC. COM 866810104 61,528,800 661,600 X 01 661,600 0 0
SUNTRUST BANKS, INC. COM 867914103 3,083,675 46,900 X 01 46,900 0 0
SYBASE, INC. COM 871130100 4,778,156 404,500 X 01 404,500 0 0
TCF FINANCIAL CORP. COM 872275102 8,768,688 307,000 X 01 307,000 0 0
TJX COS., INC. COM 872540109 10,573,950 376,800 X 01 376,800 0 0
TSI INT'L SOFTWARE LTD. COM 872879101 450,275 16,600 X 01 16,600 0 0
TALISMAN ENERGY, INC. COM 87425E103 7,756,806 259,100 X 01 259,100 0 0
TANDY CORP. COM 875382103 25,843,750 500,000 X 01 500,000 0 0
TEXACO, INC. COM 881694103 25,439,375 403,000 X 01 403,000 0 0
TEXAS INSTRUMENTS, INC. COM 882508104 21,714,000 264,000 X 01 264,000 0 0
TEXAS UTILITIES CO. COM 882848104 6,343,125 170,000 X 01 170,000 0 0
TEXTRON, INC. COM 883203101 23,986,250 310,000 X 01 310,000 0 0
TIME WARNER, INC. COM 887315109 38,163,150 628,200 X 01 628,200 0 0
TRIQUINT SEMICONDUCTOR, INC. COM 89674K103 4,717,969 82,500 X 01 82,500 0 0
TYCO INT'L. LTD COM 902124106 27,402,550 265,400 X 01 265,400 0 0
UNION CARBIDE CORP. COM 905581104 10,231,931 180,100 X 01 180,100 0 0
UNISYS CORP. COM 909214108 9,503,325 210,600 X 01 210,600 0 0
U S WEST, INC. COM 91273H101 10,373,963 181,800 X 01 181,800 0 0
U S TRUST CORP. COM 91288L105 1,848,625 23,000 X 01 23,000 0 0
UNITED TECHNOLOGIES CORP. COM 913017109 21,694,970 365,774 X 01 365,774 0 0
VALASSIS COMMUNICATIONS, INC. COM 918866104 22,408,125 510,000 X 01 510,000 0 0
VASTAR RESOURCES, INC. COM 922380100 9,515,756 152,100 X 01 152,100 0 0
VERISIGN, INC. COM 92343E102 4,600,800 43,200 X 01 43,200 0 0
VIACOM, INC. CL B 925524308 13,351,000 316,000 X 01 316,000 0 0
VITESSE SEMICONDUCTOR CORP. COM 928497106 10,501,125 123,000 X 01 123,000 0 0
VODAFONE AIRTOUCH PLC ADR 92857T107 27,341,250 115,000 X 01 115,000 0 0
VULCAN MATERIALS CO. COM 929160109 5,021,288 137,100 X 01 137,100 0 0
WAL MART STORES, INC. COM 931142103 54,316,375 1,142,000 X 01 1,142,000 0 0
WALGREEN CO. COM 931422109 5,582,500 220,000 X 01 220,000 0 0
WARNER LAMBERT CO. COM 934488107 17,456,625 263,000 X 01 263,000 0 0
WENDYS INT'L., INC. COM 950590109 9,402,688 356,500 X 01 356,500 0 0
WINSTAR COMMUNICATIONS, INC. COM 975515107 3,312,500 84,800 X 01 84,800 0 0
XILINX, INC. COM 983919101 30,799,688 470,000 X 01 470,000 0 0
YAHOO, INC. COM 984332106 11,308,500 63,000 X 01 63,000 0 0
3,297,658,809
214 ITEMS .
</TABLE>
<TABLE>
THE GUARDIAN VC 500 INDEX FUND
FORM 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C><C> <C> <C> <C> <C> <C>
NAME OF ISSUER TITLE OF CUSIP MKT VAL SHRS/PR INV DISCRETION VOTING AUTHORITY (SHARES)
CLASS NUMBER SOLSHRDOTHR MGR A-SOLE B-SHRDC-NONE
AFLAC, INC. COM 001055102 201,000 4,800 X 01 4,800 0 0
AES CORP COM 00130H105 200,600 3,400 X 01 3,400 0 0
AT & T CORP. COM 001957109 2,479,500 57,000 X 01 57,000 0 0
ABBOTT LABS COM 002824100 999,600 27,200 X 01 27,200 0 0
ALBERTSONS, INC. COM 013104104 296,719 7,500 X 01 7,500 0 0
ALCOA, INC. COM 013817101 409,613 6,600 X 01 6,600 0 0
ALLIED SIGNAL, INC. COM 019512102 593,381 9,900 X 01 9,900 0 0
ALLSTATE CORP. COM 020002101 361,594 14,500 X 01 14,500 0 0
ALLTEL CORP. COM 020039103 387,063 5,500 X 01 5,500 0 0
AMERICA ONLINE, INC. DEL COM 02364J104 2,028,000 19,500 X 01 19,500 0 0
AMERICAN EXPRESS CO. COM 025816109 1,090,463 8,100 X 01 8,100 0 0
AMERICAN GENERAL CORP. COM 026351106 284,344 4,500 X 01 4,500 0 0
AMERICAN HOME PRODUCTS CORP. COM 026609107 975,250 23,500 X 01 23,500 0 0
AMERICAN INTL GROUP, INC. COM 026874107 2,408,169 27,700 X 01 27,700 0 0
AMERITECH CORP. COM 030954101 1,323,594 19,700 X 01 19,700 0 0
AMGEN, INC. COM 031162100 749,800 9,200 X 01 9,200 0 0
ANHEUSER BUSCH COS, INC. COM 035229103 595,531 8,500 X 01 8,500 0 0
APPLIED MATERIALS, INC. COM 038222105 520,506 6,700 X 01 6,700 0 0
ARCHER DANIELS MIDLAND CO. COM 039483102 135,281 11,100 X 01 11,100 0 0
ASSOCIATES FIRST CAP CORP. CL A 046008108 468,000 13,000 X 01 13,000 0 0
ATLANTIC RICHFIELD CO. COM 048825103 514,025 5,800 X 01 5,800 0 0
AUTOMATIC DATA PROCESSING, INC. COM 053015103 495,337 11,100 X 01 11,100 0 0
BMC SOFTWARE, INC. COM 055921100 300,563 4,200 X 01 4,200 0 0
BANK OF AMERICA CORP. COM 060505104 1,737,450 31,200 X 01 31,200 0 0
BANK OF NEW YORK, INC. COM 064057102 454,750 13,600 X 01 13,600 0 0
BANK ONE CORP. COM 06423A103 734,544 21,100 X 01 21,100 0 0
BANKBOSTON CORP. COM 06605R106 229,888 5,300 X 01 5,300 0 0
BAXTER INT'L, INC. COM 071813109 313,300 5,200 X 01 5,200 0 0
BELL ATLANTIC CORP. COM 077853109 1,871,288 27,800 X 01 27,800 0 0
BELLSOUTH CORP. COM 079860102 1,525,500 33,900 X 01 33,900 0 0
BEST BUY CO., INC. COM 086516101 229,631 3,700 X 01 3,700 0 0
BESTFOODS COM 08658U101 242,500 5,000 X 01 5,000 0 0
BOEING CO. COM 097023105 741,675 17,400 X 01 17,400 0 0
BRISTOL MYERS SQUIBB CO. COM 110122108 2,403,000 35,600 X 01 35,600 0 0
BURLINGTON NORTHERN SANTA FE COM 12189T104 231,000 8,400 X 01 8,400 0 0
CBS CORP COM 12490K107 587,375 12,700 X 01 12,700 0 0
CIGNA CORP. COM 125509109 279,900 3,600 X 01 3,600 0 0
CVS CORP COM 126650100 285,688 7,000 X 01 7,000 0 0
CAMPBELL SOUP CO COM 134429109 305,175 7,800 X 01 7,800 0 0
CARDINAL HEALTH INC COM 14149Y108 267,050 4,900 X 01 4,900 0 0
CARNIVAL CORP COM 143658102 478,500 11,000 X 01 11,000 0 0
CATERPILLAR, INC. COM 149123101 350,800 6,400 X 01 6,400 0 0
CENDANT CORP COM 151313103 228,975 12,900 X 01 12,900 0 0
CHASE MANHATTAN CORP. COM 16161A108 1,138,163 15,100 X 01 15,100 0 0
CHEVRON CORP COM 166751107 1,038,375 11,700 X 01 11,700 0 0
CISCO SYSTEMS, INC. COM 17275R102 3,921,775 57,200 X 01 57,200 0 0
CITIGROUP, INC. COM 172967101 2,662,000 60,500 X 01 60,500 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 471,263 5,900 X 01 5,900 0 0
COCA COLA CO. COM 191216100 2,124,363 44,200 X 01 44,200 0 0
COLGATE PALMOLIVE CO. COM 194162103 480,375 10,500 X 01 10,500 0 0
COLUMBIA / HCA HEALTHCARE CORP. COM 197677107 216,113 10,200 X 01 10,200 0 0
COMCAST CORP CL A 200300200 530,338 13,300 X 01 13,300 0 0
COMPAQ COMPUTER CORP. COM 204493100 697,300 30,400 X 01 30,400 0 0
COMPUTER ASSOC. INT'L, INC. COM 204912109 588,000 9,600 X 01 9,600 0 0
CONOCO INC CL B 208251405 306,600 11,200 X 01 11,200 0 0
CORNING, INC. COM 219350105 301,675 4,400 X 01 4,400 0 0
COSTCO WHOLESALE CORP. COM 22160K105 280,800 3,900 X 01 3,900 0 0
DAYTON HUDSON CORP COM 239753106 474,494 7,900 X 01 7,900 0 0
DELL COMPUTER CORP. COM 247025109 1,898,288 45,400 X 01 45,400 0 0
DELPHI AUTOMOTIVE SYSTEM CORP. COM 247126105 162,231 10,100 X 01 10,100 0 0
DISNEY WALT CO COM 254687106 954,788 36,900 X 01 36,900 0 0
DOW CHEMICAL CO. COM 260543103 443,138 3,900 X 01 3,900 0 0
DU PONT E.I. DE NEMOURS & CO. COM 263534109 1,065,313 17,500 X 01 17,500 0 0
DUKE ENERGY CO COM 264399106 358,313 6,500 X 01 6,500 0 0
E M C CORP. COM 268648102 1,293,019 18,100 X 01 18,100 0 0
EASTMAN KODAK CO. COM 277461109 437,538 5,800 X 01 5,800 0 0
ELECTRONIC DATA SYS CORP. COM 285661104 465,850 8,800 X 01 8,800 0 0
EMERSON ELECTRIC CO. COM 291011104 492,863 7,800 X 01 7,800 0 0
ENRON CORP. COM 293561106 523,875 12,700 X 01 12,700 0 0
EXXON CORP. COM 302290101 3,303,281 43,500 X 01 43,500 0 0
FDX CORP. COM 31304N107 205,375 5,300 X 01 5,300 0 0
FEDERAL HOME LOAN MTG. CORP. COM 313400301 644,800 12,400 X 01 12,400 0 0
FEDERAL NATIONAL MTG. ASSN. COM 313586109 1,153,450 18,400 X 01 18,400 0 0
FIFTH THIRD BANCORP. COM 316773100 292,050 4,800 X 01 4,800 0 0
FIRST DATA CORP COM 319963104 337,838 7,700 X 01 7,700 0 0
FIRST UNION CORP. COM 337358105 615,231 17,300 X 01 17,300 0 0
FIRSTAR CORP. COM 33763V109 452,384 17,654 X 01 17,654 0 0
FORD MOTOR CO. COM 345370100 1,089,069 21,700 X 01 21,700 0 0
GTE CORP. COM 362320103 1,337,625 17,400 X 01 17,400 0 0
GANNETT, INC. COM 364730101 345,938 5,000 X 01 5,000 0 0
GAP, INC. COM 364760108 492,800 15,400 X 01 15,400 0 0
GATEWAY, INC. COM 367626108 248,850 5,600 X 01 5,600 0 0
GENERAL DYNAMICS CORP. COM 369550108 224,775 3,600 X 01 3,600 0 0
GENERAL ELECTRIC CO. COM 369604103 6,947,763 58,600 X 01 58,600 0 0
GENERAL MILLS INC. COM 370334104 219,038 2,700 X 01 2,700 0 0
GENERAL MOTORS CORP. COM 370442105 730,075 11,600 X 01 11,600 0 0
GILLETTE CO. COM 375766102 675,356 19,900 X 01 19,900 0 0
GUIDANT CORP COM 401698105 289,575 5,400 X 01 5,400 0 0
HALLIBURTON CO. COM 406216101 323,900 7,900 X 01 7,900 0 0
HEINZ (H. J.) CO. COM 423074103 275,200 6,400 X 01 6,400 0 0
HEWLETT PACKARD CO. COM 428236103 1,674,400 18,200 X 01 18,200 0 0
HOME DEPOT, INC. COM 437076102 1,818,563 26,500 X 01 26,500 0 0
HONEYWELL, INC. COM 438506107 256,019 2,300 X 01 2,300 0 0
HOUSEHOLD INT'L, INC. COM 441815107 345,075 8,600 X 01 8,600 0 0
ILLINOIS TOOL WORKS, INC. COM 452308109 335,531 4,500 X 01 4,500 0 0
INTEL CORP. COM 458140100 4,414,163 59,400 X 01 59,400 0 0
INTERNATIONAL BUSINESS MACHINES COM 459200101 3,944,688 32,500 X 01 32,500 0 0
INTERNATIONAL PAPER CO. COM 460146103 355,663 7,400 X 01 7,400 0 0
INTERPUBLIC GROUP COS., INC COM 460690100 205,625 5,000 X 01 5,000 0 0
JOHNSON & JOHNSON COM 478160104 2,214,188 24,100 X 01 24,100 0 0
KELLOGG CO COM 487836108 273,294 7,300 X 01 7,300 0 0
KEYCORP COM 493267108 206,500 8,000 X 01 8,000 0 0
KIMBERLY CLARK CORP COM 494368103 498,750 9,500 X 01 9,500 0 0
KROGER CO COM 501044101 326,525 14,800 X 01 14,800 0 0
LILLY (ELI) & CO. COM 532457108 1,260,800 19,700 X 01 19,700 0 0
LOCKHEED MARTIN CORP COM 539830109 232,081 7,100 X 01 7,100 0 0
LOWES COS., INC. COM 548661107 321,750 6,600 X 01 6,600 0 0
LUCENT TECHNOLOGIES, INC. COM 549463107 3,529,200 54,400 X 01 54,400 0 0
MBNA CORP COM 55262L100 328,500 14,400 X 01 14,400 0 0
MCI WORLDCOM, INC. COM 55268B106 2,393,438 33,300 X 01 33,300 0 0
MARSH & MCLENNAN COS., INC. COM 571748102 321,950 4,700 X 01 4,700 0 0
MAY DEPT. STORES CO. COM 577778103 218,625 6,000 X 01 6,000 0 0
MCDONALDS CORP. COM 580135101 1,044,900 24,300 X 01 24,300 0 0
MEDIAONE GROUP INC COM 58440J104 737,775 10,800 X 01 10,800 0 0
MEDTRONIC, INC. COM 585055106 745,500 21,000 X 01 21,000 0 0
MERCK & CO., INC. COM 589331107 2,741,569 42,300 X 01 42,300 0 0
MERRILL LYNCH & CO., INC. COM 590188108 443,438 6,600 X 01 6,600 0 0
MICROSOFT CORP. COM 594918104 8,277,413 91,400 X 01 91,400 0 0
MICRON TECHNOLOGY, INC. COM 595112103 299,531 4,500 X 01 4,500 0 0
MINNESOTA MINING & MFG.CO. COM 604059105 691,650 7,200 X 01 7,200 0 0
MOBIL CORP COM 607059102 1,410,500 14,000 X 01 14,000 0 0
MONSANTO CO COM 611662107 403,269 11,300 X 01 11,300 0 0
MORGAN (J. P.) & CO. INC. COM 616880100 365,600 3,200 X 01 3,200 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 909,713 10,200 X 01 10,200 0 0
MOTOROLA, INC. COM 620076109 950,400 10,800 X 01 10,800 0 0
NATIONAL CITY CORP COM 635405103 301,569 11,300 X 01 11,300 0 0
NEXTEL COMMUNICATIONS, INC. CL A 65332V103 359,406 5,300 X 01 5,300 0 0
NIKE, INC. CL B 654106103 284,375 5,000 X 01 5,000 0 0
NORTEL NETWORKS CORP. COM 656569100 1,213,800 23,800 X 01 23,800 0 0
OMNICOM GROUP COM 681919106 253,400 3,200 X 01 3,200 0 0
ORACLE CORP. COM 68389X105 1,173,900 25,800 X 01 25,800 0 0
PNC BANK CORP. COM 693475105 284,513 5,400 X 01 5,400 0 0
PEPSICO, INC. COM 713448108 798,600 26,400 X 01 26,400 0 0
PHARMACIA & UPJOHN, INC. COM 716941109 451,588 9,100 X 01 9,100 0 0
PFIZER, INC. COM 717081103 2,497,656 69,500 X 01 69,500 0 0
PHILIP MORRIS COS., INC. COM 718154107 1,476,900 43,200 X 01 43,200 0 0
PHILLIPS PETROLEUM CO. COM 718507106 219,375 4,500 X 01 4,500 0 0
PITNEY BOWES, INC. COM 724479100 292,500 4,800 X 01 4,800 0 0
PROCTER & GAMBLE CO. COM 742718109 2,231,250 23,800 X 01 23,800 0 0
QUALCOMM, INC. COM 747525103 510,806 2,700 X 01 2,700 0 0
RAYTHEON CO. COM 755111408 297,750 6,000 X 01 6,000 0 0
ROYAL DUTCH PETROLEUM CO. NY REG GL 780257804 2,268,000 38,400 X 01 38,400 0 0
SBC COMMUNICATIONS, INC. COM 78387G103 1,797,400 35,200 X 01 35,200 0 0
SAFEWAY, INC. COM 786514208 338,756 8,900 X 01 8,900 0 0
SARA LEE CORP. COM 803111103 379,688 16,200 X 01 16,200 0 0
SCHERING PLOUGH CORP. COM 806605101 1,151,700 26,400 X 01 26,400 0 0
SCHLUMBERGER LTD. COM 806857108 610,663 9,800 X 01 9,800 0 0
SCHWAB CHARLES CORP. COM 808513105 491,838 14,600 X 01 14,600 0 0
SEAGRAM LTD COM 811850106 350,350 7,700 X 01 7,700 0 0
SEARS ROEBUCK & CO. COM 812387108 213,350 6,800 X 01 6,800 0 0
SOLECTRON CORP. COM 834182107 344,700 4,800 X 01 4,800 0 0
SOUTHERN CO. COM 842587107 321,875 12,500 X 01 12,500 0 0
SPRINT CORP. COM 852061100 840,875 15,500 X 01 15,500 0 0
SPRINT CORP. PCS 852061506 589,044 7,900 X 01 7,900 0 0
SUN MICROSYSTEMS, INC. COM 866810104 1,292,700 13,900 X 01 13,900 0 0
SUNTRUST BANKS, INC. COM 867914103 381,350 5,800 X 01 5,800 0 0
SYSCO CORP. COM 871829107 206,869 5,900 X 01 5,900 0 0
TELLABS, INC. COM 879664100 398,563 7,000 X 01 7,000 0 0
TEXACO, INC. COM 881694103 606,000 9,600 X 01 9,600 0 0
TEXAS INSTRUMENTS, INC. COM 882508104 1,151,500 14,000 X 01 14,000 0 0
TEXTRON, INC. COM 883203101 208,913 2,700 X 01 2,700 0 0
TIME WARNER, INC. COM 887315109 1,300,050 21,400 X 01 21,400 0 0
TRIBUNE CO. COM 896047107 208,950 4,200 X 01 4,200 0 0
TYCO INT'L. LTD. COM 902124106 1,517,775 14,700 X 01 14,700 0 0
US BANCORP COM 902973106 392,438 13,000 X 01 13,000 0 0
UNILEVER N. V. NY SHS 904784709 694,875 10,200 X 01 10,200 0 0
UNION PAC. CORP. COM 907818108 211,475 4,400 X 01 4,400 0 0
UNISYS CORP COM 909214108 230,138 5,100 X 01 5,100 0 0
U. S. WEST, INC. COM 91273H101 513,563 9,000 X 01 9,000 0 0
UNITED TECHNOLOGIES CORP. COM 913017109 510,088 8,600 X 01 8,600 0 0
VIACOM, INC. CL B 925524308 523,900 12,400 X 01 12,400 0 0
WACHOVIA CORP. COM 929771103 283,050 3,600 X 01 3,600 0 0
WAL MART STORES, INC. COM 931142103 3,790,731 79,700 X 01 79,700 0 0
WALGREEN CO. COM 931422109 454,213 17,900 X 01 17,900 0 0
WARNER LAMBERT CO. COM 934488107 1,008,900 15,200 X 01 15,200 0 0
WASHINGTON MUTUAL, INC. COM 939322103 312,975 10,700 X 01 10,700 0 0
WASTE MANAGEMENT, INC. COM 94106L109 209,825 10,900 X 01 10,900 0 0
WELLS FARGO & CO. COM 949746101 1,172,900 29,600 X 01 29,600 0 0
WEYERHAEUSER CO. COM 962166104 207,450 3,600 X 01 3,600 0 0
WILLIAMS COS., INC. COM 969457100 288,269 7,700 X 01 7,700 0 0
XEROX CORP. COM 984121103 494,863 11,800 X 01 11,800 0 0
160,261,681
181 ITEMS
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