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
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Check Here if Amendment |_|; Amendment Number:
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This Amendment (Check only one.): |_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: VALUE LINE INC.
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Address: 220 East 42nd Street
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New York, NY 10017
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Form 13F File Number: 28-00401
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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: David Henigson
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Title: Vice President
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Phone: 212-907-1610
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Signature, Place, and Date of Signing:
/s/ David Henigson New York, N.Y. November 15, 1999
- --------------------------- ----------------- -----------------
[Signature] [City, State] [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 managers(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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
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[Repeat as necessary.]
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
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Form 13F Information Table Entry Total: 580
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Form 13F Information Table Value Total: 4,403,980,736
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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.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
------ ------------------------ --------------------------
[Repeat as necessary.]
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<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS COMMON 000886101 14343 342000 SH DEFINED 0 342000 0
ABM INDS INC COMMON 000957100 789 31100 SH DEFINED 0 31100 0
AES CORP COMMON 00130H105 36592 620200 SH DEFINED 0 483600 136600
AES CORP SDCV 4.500 8/1 00130HAN5 1273 1000000 PRN DEFINED 0 1000000 0
AMFM INC COMMON 001693100 3920 64531 SH DEFINED 0 64531 0
AT&T CORP COMMON 001957109 29593 680300 SH DEFINED 0 680300 0
AT & T CDA INC DEPS RCPT CL B 00207Q202 678 10800 SH DEFINED 0 10800 0
AVT CORP COMMON 002420107 1308 42700 SH DEFINED 0 42700 0
AXA FINL INC COMMON 002451102 8930 160000 SH DEFINED 0 160000 0
ABERCROMBIE & FITCH CO CL A 002896207 6120 179680 SH DEFINED 0 179680 0
ACCLAIM ENTMT INC COM PAR $0.02 004325205 797 105000 SH DEFINED 0 105000 0
ACTION PERFORMANCE COS COMMON 004933107 1184 56200 SH DEFINED 0 55500 700
ACTUATE CORP COMMON 00508B102 1321 39000 SH DEFINED 0 39000 0
ADAPTEC INC COMMON 00651F108 5318 134000 SH DEFINED 0 134000 0
ADELPHIA COMMUNICATIONS CL A 006848105 2090 35540 SH DEFINED 0 35540 0
ADELPHIA COMMUNICATIONS PFD CV SER D 006848402 449 2500 SH DEFINED 0 2500 0
ADOBE SYS INC COMMON 00724F101 7695 67800 SH DEFINED 0 67800 0
ADVANCE PARADIGM INC COMMON 007491103 2787 50900 SH DEFINED 0 50900 0
ADVANCED DIGITAL INFORMA COMMON 007525108 579 20800 SH DEFINED 0 20800 0
ADVANTAGE LEARNING SYSTE COMMON 00757K100 335 18000 SH DEFINED 0 18000 0
ADVANCED ENERGY INDS COMMON 007973100 1257 40700 SH DEFINED 0 40700 0
AFFILIATED COMPUTER SERV NOTE 4.000 3/1 008190AC4 1134 1000000 PRN DEFINED 0 1000000 0
AIRBORNE FGHT CORP COMMON 009266107 737 35000 SH DEFINED 0 0 35000
ALASKA AIR GROUP INC COMMON 011659109 427 10500 SH DEFINED 0 10000 500
ALBERTSONS INC COMMON 013104104 1780 45000 SH DEFINED 0 45000 0
ALLEGIANCE TELECOM INC COMMON 01747T102 574 10900 SH DEFINED 0 10900 0
ALLERGAN INC COMMON 018490102 14432 131200 SH DEFINED 0 131200 0
ALLIANT TECHSYSTEMS INC COMMON 018804104 624 9000 SH DEFINED 0 9000 0
ALLIEDSIGNAL INC COMMON 019512102 22069 368200 SH DEFINED 0 367500 700
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 740 63300 SH DEFINED 0 0 63300
ALLSTATE CORP COMMON 020002101 1845 74000 SH DEFINED 0 0 74000
ALLTEL CORP COMMON 020039103 4082 58000 SH DEFINED 0 58000 0
ALPHA INDS INC COMMON 020753109 683 12100 SH DEFINED 0 12100 0
ALPHARMA INC CL A 020813101 1300 36800 SH DEFINED 0 36800 0
ALTERA CORP COMMON 021441100 19306 445100 SH DEFINED 0 445100 0
AMERICA ONLINE INC DEL COMMON 02364J104 98204 943700 SH DEFINED 0 763500 180200
AMERICAN EAGLE OUTFITTER COMMON 02553E106 1797 37100 SH DEFINED 0 37100 0
AMERICAN EXPRESS CO COMMON 025816109 37706 279300 SH DEFINED 0 279200 100
AMERICAN GENERAL CORP COMMON 026351106 253 4000 SH DEFINED 0 4000 0
AMERICAN INTL GROUP INC COMMON 026874107 79035 909101 SH DEFINED 0 720186 188915
AMERICAN STD COS INC DEL COMMON 029712106 425 11000 SH DEFINED 0 11000 0
AMES DEPT STORES INC COM NEW 030789507 1434 45000 SH DEFINED 0 45000 0
AMGEN INC COMMON 031162100 32209 395200 SH DEFINED 0 395000 200
AMSOUTH BANCORPORATION COMMON 032165102 229 9750 SH DEFINED 0 9750 0
</TABLE>
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<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ANCOR COMMUNICATIONS INC COMMON 03332K108 808 33300 SH DEFINED 0 33300 0
ANDRX CORP COMMON 034551101 1569 26800 SH DEFINED 0 26800 0
ANNTAYLOR STORES CORP COMMON 036115103 5416 132500 SH DEFINED 0 132500 0
ANNTAYLOR STORES CORP SDCV .550 6/1 036115AA1 566 1000000 PRN DEFINED 0 1000000 0
APEX INC COMMON 037548104 374 20000 SH DEFINED 0 20000 0
APPLEBEES INTL INC COMMON 037899101 327 9700 SH DEFINED 0 9700 0
APPLIED MATLS INC COMMON 038222105 14054 180900 SH DEFINED 0 180900 0
APPLIED MICRO CIRCUITS C COMMON 03822W109 1322 23200 SH DEFINED 0 23200 0
APTARGROUP INC COMMON 038336103 637 23800 SH DEFINED 0 23800 0
ARDENT SOFTWARE INC COMMON 039794102 2559 95000 SH DEFINED 0 95000 0
ARGOSY GAMING CO COMMON 040228108 610 46000 SH DEFINED 0 46000 0
ARM HLDGS PLC DEPOSITORY RECEI 042068106 564 12000 SH DEFINED 0 12000 0
ARTHROCARE CORP COMMON 043136100 1038 19000 SH DEFINED 0 19000 0
ARVIN INDS INC COMMON 043339100 712 23000 SH DEFINED 0 23000 0
AT HOME CORP COM SER A 045919107 464 11200 SH DEFINED 0 11200 0
AT HOME CORP SDCV .525 12/2 045919AC1 319 500000 PRN DEFINED 0 500000 0
ASTEC INDS INC COMMON 046224101 1129 46800 SH DEFINED 0 46800 0
ASTORIA FINL CORP COMMON 046265104 252 8200 SH DEFINED 0 8200 0
ATHENA NEUROSCIENCES INC NOTE 4.750 11/1 046854AB1 1125 1000000 PRN DEFINED 0 1000000 0
AUDIOVOX CORP CL A 050757103 261 15000 SH DEFINED 0 15000 0
AVERY DENNISON CORP COMMON 053611109 1055 20000 SH DEFINED 0 20000 0
AVIS RENT A CAR INC COMMON 053790101 355 17000 SH DEFINED 0 17000 0
BJS WHOLESALE CLUB INC COMMON 05548J106 724 24500 SH DEFINED 0 24500 0
BMC SOFTWARE INC COMMON 055921100 34765 485800 SH DEFINED 0 280000 205800
BALL CORP COMMON 058498106 264 6000 SH DEFINED 0 6000 0
BANK OF AMERICA CORP COMMON 060505104 2206 39606 SH DEFINED 0 0 39606
BANKBOSTON CORP COMMON 06605R106 2429 56000 SH DEFINED 0 0 56000
BEBE STORES INC COMMON 075571109 362 15000 SH DEFINED 0 15000 0
BED BATH & BEYOND INC COMMON 075896100 42128 1205800 SH DEFINED 0 1093700 112100
BELL ATLANTIC CORP COMMON 077853109 639 9500 SH DEFINED 0 9500 0
BELL ATLANTIC (EURO) ISN# XS008990930 07785GAC4 3143 3000000 PRN DEFINED 0 3000000 0
BENCHMARK ELECTRS INC COMMON 08160H101 865 24500 SH DEFINED 0 24500 0
BENCHMARK ELECTRONICS CONV BOND 08160HAA9 0 500000 PRN DEFINED 0 500000 0
BERKSHIRE HATHAWAY INC D NOTE 1.000 12/0 084670AF5 1976 1000000 PRN DEFINED 0 1000000 0
BEST BUY INC COMMON 086516101 37522 605200 SH DEFINED 0 605200 0
BIG FLOWER HLDGS INC COMMON 089159107 1067 37700 SH DEFINED 0 37700 0
BINDLEY WESTN INDS INC COMMON 090324104 930 64977 SH DEFINED 0 64977 0
BIOGEN INC COMMON 090597105 42961 545100 SH DEFINED 0 544400 700
BIOMET INC COMMON 090613100 684 26000 SH DEFINED 0 26000 0
BIOVAIL CORP INTL NEW COMMON 09067K106 660 13000 SH DEFINED 0 13000 0
BLACK BOX CORP DEL COMMON 091826107 1365 26000 SH DEFINED 0 26000 0
BLANCH E W HLDGS INC COMMON 093210102 1316 20200 SH DEFINED 0 20200 0
BLYTH INDS INC COMMON 09643P108 766 27300 SH DEFINED 0 27300 0
BRADY CORP CL A 104674106 304 9500 SH DEFINED 0 9500 0
BRIGGS & STRATTON CORP COMMON 109043109 4962 85000 SH DEFINED 0 85000 0
</TABLE>
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<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BRINKER INTL INC COMMON 109641100 5366 198300 SH DEFINED 0 198300 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 3983 59000 SH DEFINED 0 59000 0
BROADVISION INC COMMON 111412102 3054 22950 SH DEFINED 0 22950 0
BROWN TOM INC COM NEW 115660201 270 18300 SH DEFINED 0 18300 0
BUSINESS OBJECTS S A DEPOSITORY RECEI 12328X107 897 15200 SH DEFINED 0 15200 0
CBT GROUP PUB LTD DEPOSITORY RECEI 124853300 702 28500 SH DEFINED 0 28500 0
CBS CORP COMMON 12490K107 11789 254900 SH DEFINED 0 254900 0
CDW COMPUTER CTRS INC COMMON 125129106 684 14000 SH DEFINED 0 14000 0
CNET INC COMMON 125945105 504 9000 SH DEFINED 0 9000 0
CNF TRANSN INC COMMON 12612W104 10970 294500 SH DEFINED 0 294500 0
CTS CORP COMMON 126501105 2300 40000 SH DEFINED 0 40000 0
CVS CORP COMMON 126650100 17486 428444 SH DEFINED 0 426644 1800
CABLEVISION SYS CORP CL A 12686C109 18406 253000 SH DEFINED 0 173000 80000
AMERICAN TOWER CP CONV BOND 144A 129912AC5 0 1500000 PRN DEFINED 0 1500000 0
CALPINE CORP COMMON 131347106 1735 20400 SH DEFINED 0 20400 0
CANANDAIGUA BRANDS INC CL A 137219200 1601 26800 SH DEFINED 0 26800 0
CAPITAL ONE FINL CORP COMMON 14040H105 4610 118200 SH DEFINED 0 35600 82600
CARDINAL HEALTH INC COMMON 14149Y108 28431 521665 SH DEFINED 0 461665 60000
CAREER EDUCATION CORP COMMON 141665109 438 15100 SH DEFINED 0 15100 0
CARLISLE COS INC COMMON 142339100 379 9600 SH DEFINED 0 9600 0
CARNIVAL CORP COMMON 143658102 13711 315200 SH DEFINED 0 227200 88000
CATALINA MARKETING CORP COMMON 148867104 560 6600 SH DEFINED 0 6600 0
CATHAY BANCORP INC COMMON 149150104 310 8700 SH DEFINED 0 8700 0
CENTEX CORP COMMON 152312104 14512 490900 SH DEFINED 0 490400 500
CENTEX CONSTRUCTION PROD COMMON 15231R109 917 24700 SH DEFINED 0 24700 0
CENTRAL NEWSPAPERS INC CL A 154647101 926 20800 SH DEFINED 0 20800 0
CENTURYTEL INC COMMON 156700106 10852 267125 SH DEFINED 0 267125 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 19628 260400 SH DEFINED 0 260400 0
CHATTEM INC COMMON 162456107 1050 47600 SH DEFINED 0 47600 0
CHEESECAKE FACTORY INC COMMON 163072101 669 24100 SH DEFINED 0 24100 0
CHICOS FAS INC COMMON 168615102 1594 58500 SH DEFINED 0 58500 0
CHILDRENS PL RETAIL STOR COMMON 168905107 1118 42000 SH DEFINED 0 42000 0
CHURCH & DWIGHT INC COMMON 171340102 790 31600 SH DEFINED 0 31600 0
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 26992 639800 SH DEFINED 0 639800 0
CISCO SYS INC COMMON 17275R102 127642 1861687 SH DEFINED 0 1503687 358000
CITIGROUP INC COMMON 172967101 59511 1352520 SH DEFINED 0 1084620 267900
CITRIX SYS INC COMMON 177376100 6702 108200 SH DEFINED 0 107600 600
CITRIX SYSTEMS ZERO 177376AA8 480 1000000 PRN DEFINED 0 1000000 0
CITY NATL CORP COMMON 178566105 305 9100 SH DEFINED 0 9100 0
CLEAR CHANNEL COMMUNICAT COMMON 184502102 69882 874886 SH DEFINED 0 716086 158800
CLEAR CHANNEL COMMUNICAT NOTE 2.625 4/0 184502AB8 699 500000 PRN DEFINED 0 500000 0
CLOROX CO DEL COMMON 189054109 4131 108000 SH DEFINED 0 108000 0
COLE KENNETH PRODTNS INC CL A 193294105 1110 29700 SH DEFINED 0 29700 0
COLGATE PALMOLIVE CO COMMON 194162103 6863 150000 SH DEFINED 0 150000 0
COMCAST CORP CL A SPL 200300200 8653 217000 SH DEFINED 0 217000 0
</TABLE>
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<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMSCOPE INC COMMON 203372107 1398 43000 SH DEFINED 0 43000 0
COMPAQ COMPUTER CORP COMMON 204493100 3889 170000 SH DEFINED 0 80000 90000
COMPUTER ASSOC INTL INC COMMON 204912109 30189 493887 SH DEFINED 0 448587 45300
COMPUTER NETWORK TECHNOL COMMON 204925101 345 37000 SH DEFINED 0 37000 0
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 10110 107200 SH DEFINED 0 106350 850
COMVERSE TECHNOLOGY INC NOTE 4.500 7/0 205862AF2 565 250000 PRN DEFINED 0 250000 0
CONCENTRIC NETWORK CORP COMMON 20589R107 396 19500 SH DEFINED 0 19500 0
CONEXANT SYSTEMS INC COMMON 207142100 952 13100 SH DEFINED 0 13100 0
CONEXANT SYSTEMS INC NOTE 4.250 5/0 207142AA8 1708 1000000 PRN DEFINED 0 1000000 0
CONMED CORP COMMON 207410101 1125 45900 SH DEFINED 0 45900 0
COORS ADOLPH CO CL B 217016104 3951 73000 SH DEFINED 0 73000 0
COPART INC COMMON 217204106 2041 110700 SH DEFINED 0 110700 0
CORNING INC COMMON 219350105 960 14000 SH DEFINED 0 14000 0
COST PLUS INC CALIF COMMON 221485105 2803 57800 SH DEFINED 0 57800 0
COSTCO WHSL CORP NEW COMMON 22160K105 26711 370993 SH DEFINED 0 370093 900
COSTCO COMPANIES INC FRNT 8/1 22160QAA0 863 1000000 PRN DEFINED 0 1000000 0
COX RADIO INC CL A 224051102 1273 21400 SH DEFINED 0 21400 0
CREE RESH INC COMMON 225447101 828 24400 SH DEFINED 0 24400 0
CUMMINS ENGINE INC COMMON 231021106 548 11000 SH DEFINED 0 11000 0
CUMULUS MEDIA INC CL A 231082108 425 13000 SH DEFINED 0 13000 0
CYBEX COMPUTER PRODS COR COMMON 232522102 1348 40400 SH DEFINED 0 40400 0
CYPRESS SEMICONDUCTOR CO COMMON 232806109 544 25300 SH DEFINED 0 25300 0
D & K HEALTHCARE RES INC COMMON 232861104 577 24700 SH DEFINED 0 24700 0
DII GROUP INC COMMON 232949107 1749 49700 SH DEFINED 0 49700 0
DST SYS INC DEL COMMON 233326107 597 10500 SH DEFINED 0 10500 0
DSP GROUP INC COMMON 23332B106 534 13400 SH DEFINED 0 13400 0
DANAHER CORP DEL COMMON 235851102 1897 36000 SH DEFINED 0 36000 0
DARDEN RESTAURANTS INC COMMON 237194105 1047 53500 SH DEFINED 0 53500 0
DATASCOPE CORP COMMON 238113104 832 23700 SH DEFINED 0 23700 0
DAYTON HUDSON CORP COMMON 239753106 51861 863450 SH DEFINED 0 801450 62000
DELL COMPUTER CORP COMMON 247025109 81016 1937600 SH DEFINED 0 1786500 151100
DELTA AIR LINES INC DEL COMMON 247361108 17407 358900 SH DEFINED 0 358900 0
DENDRITE INTL INC COMMON 248239105 1110 23500 SH DEFINED 0 23500 0
DIAL CORP NEW COMMON 25247D101 15123 593050 SH DEFINED 0 593050 0
DIONEX CORP COMMON 254546104 581 13600 SH DEFINED 0 13600 0
DOLLAR GEN CORP COMMON 256669102 3814 123545 SH DEFINED 0 0 123545
DOLLAR TREE STORES INC COMMON 256747106 4822 120750 SH DEFINED 0 119950 800
DONALDSON INC COMMON 257651109 387 16700 SH DEFINED 0 16700 0
DONALDSON LUFKIN & JENRE COM DLJ 257661108 3956 100000 SH DEFINED 0 100000 0
DOUBLECLICK INC NOTE 4.750 3/1 258609AA4 782 500000 PRN DEFINED 0 500000 0
DOW JONES & CO INC COMMON 260561105 1019 19100 SH DEFINED 0 19100 0
DYCOM INDS INC COMMON 267475101 4267 101150 SH DEFINED 0 101150 0
EG & G INC COMMON 268457108 1057 26600 SH DEFINED 0 26600 0
E M C CORP MASS COMMON 268648102 125741 1761700 SH DEFINED 0 1409700 352000
EAGLE USA AIRFREIGHT INC COMMON 270018104 1675 55950 SH DEFINED 0 55950 0
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<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EASTMAN KODAK CO COMMON 277461109 2723 36000 SH DEFINED 0 36000 0
ECHOSTAR COMMUNICATIONS CL A 278762109 7901 87000 SH DEFINED 0 87000 0
EIDOS PLC DEPOSITORY RECEI 282485101 1199 19000 SH DEFINED 0 19000 0
ELCOR CORP COMMON 284443108 3128 125100 SH DEFINED 0 125100 0
ELECTRONIC ARTS INC COMMON 285512109 26598 367500 SH DEFINED 0 367500 0
ELECTRONICS FOR IMAGING COMMON 286082102 6966 135500 SH DEFINED 0 135500 0
EMCOR GROUP INC COMMON 29084Q100 258 13400 SH DEFINED 0 13400 0
EMULEX CORP COM NEW 292475209 1340 15600 SH DEFINED 0 15600 0
ENRON CORP COMMON 293561106 12483 304000 SH DEFINED 0 304000 0
ENTERCOM COMMUNICATIONS CL A 293639100 371 10300 SH DEFINED 0 10300 0
ENZON INC COMMON 293904108 824 27000 SH DEFINED 0 27000 0
ETHAN ALLEN INTERIORS IN COMMON 297602104 7355 231200 SH DEFINED 0 171200 60000
EXODUS COMMUNICATIONS IN COMMON 302088109 2292 31800 SH DEFINED 0 31800 0
EXPRESS SCRIPTS INC CL A 302182100 1675 21400 SH DEFINED 0 21400 0
FACTORY 2-U INC COMMON 303072102 786 26300 SH DEFINED 0 26300 0
FACTSET RESH SYS INC COMMON 303075105 3185 56000 SH DEFINED 0 56000 0
FAMILY DLR STORES INC COMMON 307000109 720 34100 SH DEFINED 0 31000 3100
FDX CORP COMMON 31304N107 26524 682300 SH DEFINED 0 682300 0
FEDERAL HOME LN MTG CORP COMMON 313400301 30781 591950 SH DEFINED 0 515250 76700
FEDERAL MOGUL CORP COMMON 313549107 689 25000 SH DEFINED 0 0 25000
FEDERAL NATL MTG ASSN COMMON 313586109 26670 425450 SH DEFINED 0 374450 51000
FEDERATED DEPT STORES IN COMMON 31410H101 546 12500 SH DEFINED 0 12500 0
FIFTH THIRD BANCORP COMMON 316773100 50020 822108 SH DEFINED 0 769108 53000
FINOVA GROUP INC COMMON 317928109 11775 322600 SH DEFINED 0 263600 59000
FIRST TENN NATL CORP COMMON 337162101 4416 157000 SH DEFINED 0 157000 0
FIRST UN CORP COMMON 337358105 1639 46000 SH DEFINED 0 46000 0
FIRSTCOM CORP COMMON 33763T104 600 60000 SH DEFINED 0 60000 0
FIRSTAR CORP NEW WIS COMMON 33763V109 18570 724700 SH DEFINED 0 592100 132600
FISERV INC COMMON 337738108 12703 390850 SH DEFINED 0 390850 0
FOODMAKER INC NEW COM NEW 344839204 1451 58200 SH DEFINED 0 58200 0
FOREST LABS INC COMMON 345838106 5535 131400 SH DEFINED 0 131400 0
FOREST OIL CORP COM NEW 346091606 650 38100 SH DEFINED 0 38100 0
FORTE SOFTWARE INC COMMON 349546101 765 27800 SH DEFINED 0 27800 0
FOSSIL INC COMMON 349882100 1441 53250 SH DEFINED 0 53250 0
FULLER H B CO COMMON 359694106 639 10500 SH DEFINED 0 10500 0
FURNITURE BRANDS INTL IN COMMON 360921100 929 47200 SH DEFINED 0 44400 2800
GAP INC DEL COMMON 364760108 43980 1374387 SH DEFINED 0 1239387 135000
GENENTECH INC COM NEW 368710406 732 5000 SH DEFINED 0 5000 0
GENERAL DYNAMICS CORP COMMON 369550108 13143 210500 SH DEFINED 0 210500 0
GENERAL ELEC CO COMMON 369604103 49879 420700 SH DEFINED 0 420700 0
GENERAL INSTR CORP DEL COMMON 370120107 8832 184000 SH DEFINED 0 184000 0
GENTEX CORP COMMON 371901109 1624 78600 SH DEFINED 0 78600 0
GENZYME CORP COM GENL DIV 372917104 9747 216300 SH DEFINED 0 216300 0
GENZYME CORP NOTE 5.250 6/0 372917AF1 666 500000 PRN DEFINED 0 500000 0
GERBER SCIENTIFIC INC COMMON 373730100 1410 63000 SH DEFINED 0 63000 0
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<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GILAT SATELLITE NETWORKS NOTE 6.500 6/0 375255AA4 1358 1000000 PRN DEFINED 0 1000000 0
GILEAD SCIENCES INC COMMON 375558103 834 13000 SH DEFINED 0 13000 0
GILLETTE CO COMMON 375766102 1493 44000 SH DEFINED 0 0 44000
GRACO INC COMMON 384109104 646 19700 SH DEFINED 0 19700 0
GREAT PLAINS SOFTWARE COMMON 39119E105 639 12400 SH DEFINED 0 12400 0
GROUP 1 AUTOMOTIVE INC COMMON 398905109 293 16000 SH DEFINED 0 16000 0
GUIDANT CORP COMMON 401698105 32403 604250 SH DEFINED 0 489850 114400
HCC INS HLDGS INC COMMON 404132102 1094 65100 SH DEFINED 0 65100 0
HALLIBURTON CO COMMON 406216101 4100 100000 SH DEFINED 0 0 100000
HANDLEMAN CO DEL COMMON 410252100 1500 113200 SH DEFINED 0 113200 0
HARLEY DAVIDSON INC COMMON 412822108 33532 669800 SH DEFINED 0 669800 0
HARMONIC INC COMMON 413160102 1570 12000 SH DEFINED 0 12000 0
HARRAHS ENTMT INC COMMON 413619107 11205 403800 SH DEFINED 0 400000 3800
HAVERTY FURNITURE INC COMMON 419596101 1093 75400 SH DEFINED 0 75400 0
HEALTH MGMT ASSOC INC NE CL A 421933102 1290 166500 SH DEFINED 0 0 166500
HEALTHCARE RLTY TR SDCV 10.500 4/0 421946AB0 1013 1000000 PRN DEFINED 0 1000000 0
HEWLETT PACKARD CO NOTE 10/1 428236AC7 1208 2000000 PRN DEFINED 0 2000000 0
HILTON HOTELS CORP NOTE 5.000 5/1 432848AL3 801 1000000 PRN DEFINED 0 1000000 0
HISPANIC BROADCASTING CO CL A 43357B104 609 8000 SH DEFINED 0 8000 0
HOLLYWOOD ENTMT CORP COMMON 436141105 285 19000 SH DEFINED 0 19000 0
HOME DEPOT INC COMMON 437076102 58094 846550 SH DEFINED 0 756150 90400
HOME DEPOT INC NOTE 3.250 11/0 437076AE2 1488 500000 PRN DEFINED 0 500000 0
HON INDS INC COMMON 438092108 693 36000 SH DEFINED 0 0 36000
HOOPER HOLMES INC COMMON 439104100 3700 144400 SH DEFINED 0 144400 0
HOUGHTON MIFFLIN CO COMMON 441560109 528 13000 SH DEFINED 0 13000 0
ICG COMMUNICATIONS CONV BD 144A PFD 44924Q202 800 20000 SH DEFINED 0 20000 0
IDEC PHARMACEUTICALS COR COMMON 449370105 931 9900 SH DEFINED 0 9900 0
ITC DELTACOM INC NOTE 4.500 5/1 45031TAJ3 599 500000 PRN DEFINED 0 500000 0
IXC COMMUNICATIONS INC CONV PREF 144A 450713862 0 20000 SH DEFINED 0 20000 0
IBIS TECHNOLOGY CORP COMMON 450909106 790 22900 SH DEFINED 0 22900 0
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IMATION CORP COMMON 45245A107 803 25900 SH DEFINED 0 25900 0
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INFOCURE CORP COMMON 45665A108 423 22400 SH DEFINED 0 22400 0
INGERSOLL-RAND CO COMMON 456866102 29381 534800 SH DEFINED 0 534400 400
INSITUFORM TECHNOLOGIES CL A 457667103 1400 56000 SH DEFINED 0 56000 0
INTEL CORP COMMON 458140100 78677 1058731 SH DEFINED 0 839931 218800
INTER TEL INC COMMON 458372109 488 27500 SH DEFINED 0 27500 0
INTERMEDIA COMMUNICATION PFD1/100 CV F 458801826 1148 60000 SH DEFINED 0 60000 0
INTERNATIONAL BUSINESS M COMMON 459200101 50288 415600 SH DEFINED 0 414300 1300
INTERNATIONAL PAPER CAP PFD CV 5.25% 460137300 1030 20000 SH DEFINED 0 20000 0
INTERNATIONAL SPEEDWAY C CL A 460335201 736 14000 SH DEFINED 0 14000 0
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INTERPUBLIC GROUP COS IN COMMON 460690100 3948 96000 SH DEFINED 0 96000 0
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</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTIMATE BRANDS INC CL A 461156101 20516 526890 SH DEFINED 0 526890 0
INTUIT COMMON 461202103 877 10000 SH DEFINED 0 10000 0
INVACARE CORP COMMON 461203101 675 34500 SH DEFINED 0 34500 0
INVESTMENT TECHNOLOGY GR COMMON 46145F105 363 15795 SH DEFINED 0 15795 0
INVESTORS FINL SERVICES COMMON 461915100 756 22000 SH DEFINED 0 22000 0
IT GROUP INC COMMON 465266104 210 22000 SH DEFINED 0 22000 0
JDS UNIPHASE CORP COMMON 46612J101 9219 81000 SH DEFINED 0 81000 0
JACOBS ENGR GROUP INC DE COMMON 469814107 705 21700 SH DEFINED 0 21700 0
JAKKS PAC INC COMMON 47012E106 938 25000 SH DEFINED 0 25000 0
JEFFERSON PILOT CORP COMMON 475070108 234 3700 SH DEFINED 0 3700 0
JOHNS MANVILLE CORP NEW COMMON 478129109 197 15000 SH DEFINED 0 15000 0
JOHNSON & JOHNSON COMMON 478160104 37283 405800 SH DEFINED 0 405300 500
JONES PHARMA INC COMMON 480236108 832 25250 SH DEFINED 0 23450 1800
KAUFMAN & BROAD HOME COR COMMON 486168107 559 27100 SH DEFINED 0 27100 0
KEEBLER FOODS CO COMMON 487256109 493 16500 SH DEFINED 0 16500 0
KELLSTROM INDS INC NOTE 5.500 6/1 488035AE6 340 500000 PRN DEFINED 0 500000 0
KIMBERLY CLARK CORP COMMON 494368103 3998 75800 SH DEFINED 0 75800 0
KING PHARMACEUTICALS INC COMMON 495582108 1033 29500 SH DEFINED 0 29500 0
KOHLS CORP COMMON 500255104 41520 627900 SH DEFINED 0 627900 0
KROGER CO COMMON 501044101 5463 247600 SH DEFINED 0 245200 2400
KRONOS INC COMMON 501052104 2387 65050 SH DEFINED 0 65050 0
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LABOR READY INC COM NEW 505401208 216 21500 SH DEFINED 0 21500 0
LADD FURNITURE INC COM PAR $0.30 505739201 1184 55900 SH DEFINED 0 55900 0
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LASER VISION CTRS INC COMMON 51807H100 561 40000 SH DEFINED 0 40000 0
LATTICE SEMICONDUCTOR CO COMMON 518415104 1956 65900 SH DEFINED 0 65900 0
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LEVEL ONE COMMUNICATIONS NOTE 4.000 9/0 527295AA7 1224 500000 PRN DEFINED 0 500000 0
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LEVEL 3 COMMUNICATIONS I NOTE 6.000 9/1 52729NAG5 1980 2000000 PRN DEFINED 0 2000000 0
TEXACO CAPITAL EURO CONV EURO BOND 5291058 0 1000000 PRN DEFINED 0 1000000 0
LEXMARK INTL GROUP INC CL A 529771107 11616 144300 SH DEFINED 0 144300 0
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LINCARE HLDGS INC COMMON 532791100 2133 80000 SH DEFINED 0 0 80000
LINEAR TECHNOLOGY CORP COMMON 535678106 5761 98000 SH DEFINED 0 98000 0
LINENS N THINGS INC COMMON 535679104 1181 35000 SH DEFINED 0 35000 0
LITTON INDS INC COMMON 538021106 2464 45000 SH DEFINED 0 45000 0
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LOWES COS INC COMMON 548661107 31816 652640 SH DEFINED 0 652640 0
LUCENT TECHNOLOGIES INC COMMON 549463107 43369 668500 SH DEFINED 0 664900 3600
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MCI WORLDCOM INC COMMON 55268B106 36915 513602 SH DEFINED 0 385902 127700
MGIC INVT CORP WIS COMMON 552848103 1433 30000 SH DEFINED 0 0 30000
MACDERMID INC COMMON 554273102 1226 36000 SH DEFINED 0 36000 0
MACROVISION CORP COMMON 555904101 799 18000 SH DEFINED 0 18000 0
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MAGNA INTL INC SDCV 4.875 2/1 559222AG9 903 1000000 PRN DEFINED 0 1000000 0
MANDALAY RESORT GROUP MANDALAY 562567107 33784 1710600 SH DEFINED 0 1707300 3300
MANITOWOC INC COMMON 563571108 1725 50550 SH DEFINED 0 48550 2000
MASCO CORP COMMON 574599106 775 25000 SH DEFINED 0 25000 0
MAXIM INTEGRATED PRODS I COMMON 57772K101 4417 70000 SH DEFINED 0 70000 0
MAYTAG CORP COMMON 578592107 866 26000 SH DEFINED 0 0 26000
MCCORMICK & CO INC COM NON VTG 579780206 298 9000 SH DEFINED 0 9000 0
MCKESSON HBOC INC COMMON 58155Q103 2393 82510 SH DEFINED 0 0 82510
MCLEOD USA INC PERPETUAL PFD 582266201 1580 4000 SH DEFINED 0 4000 0
MEDIAONE GROUP INC COMMON 58440J104 6012 88000 SH DEFINED 0 88000 0
MEDIA ONE GROUP PIE 5844OJ405 0 10000 SH DEFINED 0 10000 0
MEDICIS PHARMACEUTICAL C CL A NEW 584690309 222 7800 SH DEFINED 0 7800 0
MEDIMMUNE INC COMMON 584699102 20918 209900 SH DEFINED 0 209700 200
MEDQUIST INC COM 584949101 512 15300 SH DEFINED 0 15300 0
MEDTRONIC INC COMMON 585055106 45423 1277261 SH DEFINED 0 1158261 119000
MELLON FINL CORP COMMON 58551A108 13090 389300 SH DEFINED 0 333300 56000
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MERRILL LYNCH & CO INC NOTE .250 5/1 590188JV1 915 1000000 PRN DEFINED 0 1000000 0
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MICREL INC COMMON 594793101 2334 53800 SH DEFINED 0 53800 0
MICROSOFT CORP COMMON 594918104 96306 1063420 SH DEFINED 0 868420 195000
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MINDSPRING ENTERPRISES I NOTE 5.000 4/1 602683AA2 556 600000 PRN DEFINED 0 600000 0
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MODEM MEDIA POPPE TYSON CL A 607533106 289 7800 SH DEFINED 0 7800 0
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MONACO COACH CORP COMMON 60886R103 1453 59625 SH DEFINED 0 59625 0
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NCO GROUP INC COMMON 628858102 2247 47800 SH DEFINED 0 47800 0
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NATIONAL DISC BROKERS GR COMMON 635646102 1208 45700 SH DEFINED 0 45700 0
</TABLE>
8
<PAGE>
<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NATIONAL R V HLDGS INC COMMON 637277104 602 30500 SH DEFINED 0 30500 0
NETWORKS ASSOCS INC COMMON 640938106 1061 55500 SH DEFINED 0 0 55500
NETWORK APPLIANCE INC COMMON 64120L104 645 9000 SH DEFINED 0 9000 0
NEWELL FINL TR I QIPS CONV5.25% 651195307 805 20000 SH DEFINED 0 20000 0
NEXTEL COMMUNICATION SENIOR NOTE 144A 65332VAR4 781 500000 PRN DEFINED 0 500000 0
NIELSEN MEDIA RESH INC COM NEW 653929307 1116 30000 SH DEFINED 0 30000 0
NIKE INC CL B 654106103 19423 341500 SH DEFINED 0 341500 0
99 CENTS ONLY STORES COMMON 65440K106 1481 40987 SH DEFINED 0 40987 0
NOKIA CORP DEPOSITORY RECEI 654902204 3298 36700 SH DEFINED 0 36700 0
NORTEL NETWORKS CORP COMMON 656569100 7038 138000 SH DEFINED 0 138000 0
OLD KENT FINL CORP COMMON 679833103 1793 48300 SH DEFINED 0 48300 0
OMNICOM GROUP INC COMMON 681919106 100783 1272720 SH DEFINED 0 1069020 203700
OPTICAL COATING LAB INC COMMON 683829105 2734 29700 SH DEFINED 0 29700 0
ORACLE CORP COMMON 68389X105 4436 97500 SH DEFINED 0 97500 0
ORTHODONTIC CTRS AMER IN COMMON 68750P103 1250 71700 SH DEFINED 0 71700 0
OSHKOSH TRUCK CORP COMMON 688239201 439 16500 SH DEFINED 0 16500 0
OSTEOTECH INC COMMON 688582105 940 69000 SH DEFINED 0 69000 0
OWENS ILL INC COM NEW 690768403 1288 65000 SH DEFINED 0 65000 0
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PACIFIC SUNWEAR CALIF IN COMMON 694873100 1444 51500 SH DEFINED 0 48650 2850
PACIFICARE HEALTH SYS DE COMMON 695112102 1427 33000 SH DEFINED 0 33000 0
PARK PL ENTMT CORP COMMON 700690100 738 59000 SH DEFINED 0 59000 0
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PFIZER INC COMMON 717081103 55537 1548060 SH DEFINED 0 1267660 280400
PHARMACEUTICAL PROD DEV COMMON 717124101 1151 84900 SH DEFINED 0 84900 0
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PINNACLE SYS INC COMMON 723481107 3471 81900 SH DEFINED 0 81900 0
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POLYCOM INC COMMON 73172K104 3145 66000 SH DEFINED 0 66000 0
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PROFIT RECOVERY GROUP IN COMMON 743168106 4445 99600 SH DEFINED 0 99600 0
</TABLE>
9
<PAGE>
<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PROGRESS SOFTWARE CORP COMMON 743312100 794 25300 SH DEFINED 0 25300 0
PROGRESSIVE CORP OHIO COMMON 743315103 1715 21000 SH DEFINED 0 0 21000
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PSINET INC PFD C CV 6 3/4 74437C309 403 10000 SH DEFINED 0 10000 0
QLT PHOTOTHERAPEUTICS IN COMMON 746927102 1857 24300 SH DEFINED 0 24300 0
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QLOGIC CORP COMMON 747277101 7959 114000 SH DEFINED 0 114000 0
QUAKER OATS CO COMMON 747402105 8520 137700 SH DEFINED 0 137700 0
QUALCOMM INC COMMON 747525103 41328 218450 SH DEFINED 0 218250 200
QUANTA SVCS INC COMMON 74762E102 504 17200 SH DEFINED 0 17200 0
QUEENS CNTY BANCORP INC COMMON 748242104 1341 48550 SH DEFINED 0 48550 0
QUEST DIAGNOSTICS INC COMMON 74834L100 520 20000 SH DEFINED 0 20000 0
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QWEST COMMUNICATIONS INT COMMON 749121109 526 17800 SH DEFINED 0 17800 0
RCN CORP COMMON 749361101 238 5800 SH DEFINED 0 5800 0
RF MICRODEVICES INC COMMON 749941100 7759 169600 SH DEFINED 0 169600 0
RADIAN GROUP INC COMMON 750236101 988 23000 SH DEFINED 0 0 23000
READERS DIGEST ASSN INC CL A NON VTG 755267101 1764 60300 SH DEFINED 0 60300 0
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RIGHT MGMT CONSULTANTS I COMMON 766573109 264 23500 SH DEFINED 0 23500 0
ROBERTS PHARMACEUTICAL C COMMON 770491108 1274 42100 SH DEFINED 0 42100 0
ROHM & HAAS CO COMMON 775371107 2529 70000 SH DEFINED 0 70000 0
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SDL INC COMMON 784076101 1114 14600 SH DEFINED 0 14600 0
SFX ENTMT INC CL A 784178105 459 15000 SH DEFINED 0 15000 0
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SABRE HLDGS CORP CL A 785905100 864 20100 SH DEFINED 0 20100 0
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SANMINA CORP SDCV 4.250 5/0 800907AA5 1115 1000000 PRN DEFINED 0 1000000 0
SAWTEK INC COMMON 805468105 2345 67000 SH DEFINED 0 67000 0
SCANSOURCE INC COMMON 806037107 619 22200 SH DEFINED 0 22200 0
</TABLE>
10
<PAGE>
<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SCHERING PLOUGH CORP COMMON 806605101 49933 1144600 SH DEFINED 0 926600 218000
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SELECT APPOINTMENTS HLDG DEPOSITORY RECEI 81617E203 763 22600 SH DEFINED 0 22600 0
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SIEBEL SYS INC COMMON 826170102 7395 111000 SH DEFINED 0 111000 0
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</TABLE>
11
<PAGE>
<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TANDY CORP COMMON 875382103 41329 799600 SH DEFINED 0 799600 0
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UNITED HEALTHCARE CORP COMMON 910581107 974 20000 SH DEFINED 0 20000 0
UNITED STATES FILTER COR NOTE 4.500 12/1 911843AF7 1000 1000000 PRN DEFINED 0 1000000 0
UNITED STATIONERS INC COMMON 913004107 853 40000 SH DEFINED 0 0 40000
UNITED TECHNOLOGIES CORP COMMON 913017109 25273 426100 SH DEFINED 0 426100 0
UNITEDGLOBALCOM CONV PREF 913247102 505 10000 SH DEFINED 0 10000 0
UNIVERSAL ELECTRS INC COMMON 913483103 590 25500 SH DEFINED 0 25500 0
UNIVISION COMMUNICATIONS CL A 914906102 960 11800 SH DEFINED 0 11800 0
USFREIGHTWAYS CORP COMMON 916906100 2193 46300 SH DEFINED 0 46300 0
USWEB CORP COMMON 917327108 1791 52200 SH DEFINED 0 52200 0
VALASSIS COMMUNICATIONS COMMON 918866104 1496 34050 SH DEFINED 0 34050 0
VERIO INC PFD A CV 144A 923433304 214 5000 SH DEFINED 0 5000 0
VERITY INC COMMON 92343C106 1789 26000 SH DEFINED 0 26000 0
VERITAS SOFTWARE CORP / NOTE 1.856 8/1 92343RAA1 1573 1500000 PRN DEFINED 0 1500000 0
VERTICAL NET CONV BOND 92532LAA5 0 1500000 PRN DEFINED 0 1500000 0
VIACOM INC CL A 925524100 3304 76400 SH DEFINED 0 76000 400
VIATEL INC COMMON 925529208 955 32300 SH DEFINED 0 32300 0
VIAD CORP COMMON 92552R109 602 20400 SH DEFINED 0 20400 0
VINTAGE PETE INC COMMON 927460105 273 20200 SH DEFINED 0 20200 0
</TABLE>
12
<PAGE>
<TABLE>
<CAPTION>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- --------------------------- ----------------- --------- ------- -------- ------- ------- --------- ---- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VISUAL NETWORKS INC COMMON 928444108 480 11300 SH DEFINED 0 11300 0
VISX INC DEL COMMON 92844S105 9768 123500 SH DEFINED 0 123500 0
VITESSE SEMICONDUCTOR CO COMMON 928497106 14061 164700 SH DEFINED 0 164700 0
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 39443 165900 SH DEFINED 0 117150 48750
WACKENHUT CORP COM SER A 929794105 482 24400 SH DEFINED 0 24400 0
WAL MART STORES INC COMMON 931142103 60143 1264500 SH DEFINED 0 1054500 210000
WALGREEN CO COMMON 931422109 1342 52900 SH DEFINED 0 52900 0
WARNER LAMBERT CO COMMON 934488107 11934 179800 SH DEFINED 0 155800 24000
WASHINGTON MUT INC COMMON 939322103 2589 88500 SH DEFINED 0 0 88500
WASTE MGMT INC DEL COMMON 94106L109 241 12500 SH DEFINED 0 12500 0
WATERS CORP COMMON 941848103 8406 138800 SH DEFINED 0 138800 0
WATSON PHARMACEUTICALS I COMMON 942683103 3191 104400 SH DEFINED 0 35000 69400
WELLPOINT HEALTH NETWORK COMMON 94973H108 7980 140000 SH DEFINED 0 140000 0
WELLPOINT HEALTH NETWORK ZERO CONV 94973HAA6 580 1000000 PRN DEFINED 0 1000000 0
WELLS FARGO & CO NEW COMMON 949746101 1228 31000 SH DEFINED 0 0 31000
WENDYS INTL INC COMMON 950590109 1126 42500 SH DEFINED 0 42500 0
WERNER ENTERPRISES INC COMMON 950755108 1029 58375 SH DEFINED 0 58375 0
WESLEY JESSEN VISIONCARE COMMON 951018100 1413 45300 SH DEFINED 0 45300 0
WESTPOINT STEVENS INC COMMON 961238102 2292 97000 SH DEFINED 0 0 97000
WHIRLPOOL CORP COMMON 963320106 653 10000 SH DEFINED 0 10000 0
WILD OATS MARKETS INC COMMON 96808B107 2532 64100 SH DEFINED 0 63600 500
WILEY JOHN & SONS INC CL A 968223206 345 22000 SH DEFINED 0 22000 0
WILLIAMS COS INC DEL COMMON 969457100 2860 76000 SH DEFINED 0 76000 0
WILLIAMS SONOMA INC COMMON 969904101 20615 424500 SH DEFINED 0 424500 0
WINSTAR COMMUNICATIONS I COMMON 975515107 4219 108000 SH DEFINED 0 108000 0
XILINX INC COMMON 983919101 5374 82000 SH DEFINED 0 82000 0
XIRCOM INC COMMON 983922105 700 16400 SH DEFINED 0 16400 0
XOMED SURGICAL PRODS INC COMMON 98412V107 1944 34100 SH DEFINED 0 34100 0
ZALE CORP NEW COMMON 988858106 3142 82000 SH DEFINED 0 82000 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 1182 26000 SH DEFINED 0 26000 0
ZIONS BANCORPORATION COMMON 989701107 33858 614200 SH DEFINED 0 488200 126000
ZOMAX INC MINN COMMON 989929104 740 28600 SH DEFINED 0 28600 0
AMDOCS LTD ORD G02602103 252 12000 SH DEFINED 0 12000 0
GEMSTAR INTL GROUP LTD ORD G3788V106 9844 126000 SH DEFINED 0 126000 0
GLOBAL CROSSING LTD COMMON G3921A100 466 17600 SH DEFINED 0 17600 0
LORAL SPACE & COMMUNICAT COMMON G56462107 8993 523200 SH DEFINED 0 523200 0
HILFIGER TOMMY CORP ORD G8915Z102 4129 146500 SH DEFINED 0 146500 0
TRANSOCEAN OFFSHORE INC ORD G90076103 4992 163000 SH DEFINED 0 75000 88000
CHECK POINT SOFTWARE TEC ORD M22465104 844 10000 SH DEFINED 0 10000 0
ORBOTECH LTD ORD M75253100 1578 25500 SH DEFINED 0 25500 0
ROYAL CARIBBEAN CRUISES COMMON V7780T103 19098 424400 SH DEFINED 0 424400 0
Total 4,403,980,736
</TABLE>
13
