I represent that I am authorized to submit this form and that all
information in this form and the attachments to it is true, correct
and complete and I understand that all required items, statements and
schedules are integral parts of this form and that the submission of
any amendment represents that all unamended items, statements and
schedules remain true, correct and complete as previously submitted.
I am signing this report as required by the Securities Exchange Act of 1934.
<PAGE>
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, 1998
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: First Investors Management Company, Inc.
Address: 581 Main Street
Woodbridge, N. J. 07095
13F File Number: 28-277
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: Joseph I. Benedek
Title: Treasurer
Phone: 732 - 855 - 2712
Signature, Place, and Date of Signing:
Joseph I. Benedek Woodbridge, N. J. September 30, 1998
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
First Investors Global Fund, Inc.
First Investors Blue Chip Fund, Inc.
First Investors Special Situations Fund, Inc.
First Investors Utilities Income Fund, Inc.
First Investors Growth and Income Fund, Inc.
First Investors Life Series Blue Chip Fund, Inc.
First Investors Life Series Growth Fund, Inc.
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: 7
Form 13F Information Table Entry Total 597
Form 13F Information Table Value Total: $1,731,131
List of Other Included Managers:
No. 13F File Number Name
01 28-277 First Investors Global Fund, Inc.
02 28-277 First Investors Blue Chip Fund, Inc.
03 28-277 First Investors Special Situations Fund, Inc.
04 28-277 First Investors Utilities Income Fund, Inc.
05 28-277 First Investors Growth and Income Fund, Inc.
06 28-277 First Investors Life Blue Chip Fund, Inc.
07 28-277 First Investors Life Series Growth Fund, Inc.
<PAGE>
<TABLE>
<C>
<C>
NAME OF ISSUER
TITLE OF
CUSIP
FAIR
SHARES OR
INVESTMENT
MNGRS
VOTI
NG AUTHORITY
CLASS
NUMBER
MARKET
PRINCIPAL
DISCRETION
VALUE
AMOUNT
SOLE
SHARED
NONE
D
A T & T CORP.
COM
001957 109
1,461
25,000
X
25,000
D
ABBOTT LABORATORIES
COM
002824 10
2,813
64,750
X
64,750
D
ABBOTT LABS
COM
002824 100
11,481
264,300
X
264,300
D
ACE LTD
COM
G0070K103
7,137
237,900
X
237,900
D
ACXIOM CORP
COM
005125 109
74
3,000
X
3,000
D
ADC TELECOMMUNICATIONS
COM
000886 101
2,867
135,700
X
135,700
D
ADVANTEST CORP
COM
687049 0
746
17,500
X
17,500
D
ADVO, INC.
COM
007585 102
88
3,600
X
3,600
D
AFFILIATED NEWSPAPER
COM
00825R 103
275
2,500
X
2,500
D
AGL RESOURCES INC.
COM
001204 106
477
24,600
X
24,600
D
AGOURON PHARM INC.
COM
008488 108
2,238
65,000
X
65,000
D
AHOLD NV
COM
525260 2
2,658
89,000
X
89,000
D
AIR EXPRESS INT'L
COM
009104 10
380
23,750
X
23,750
D
AIR PRODUCTS AND CHEMICALS
COM
009158 106
2,505
84,200
X
84,200
D
AIRTOUCH COMMUNICATION
COM
00949T 100
10,955
192,200
X
192,200
D
ALCATEL
COM
421682 5
2,099
23,620
X
23,620
D
ALCOA
COM
022249 10
1,306
18,400
X
18,400
D
ALLEGHENY TELEDYNE INC
COM
017415 100
232
13,000
X
13,000
D
ALLIED IRISH BANKS PLC
COM
001978 3
4,051
272,852
X
272,852
D
ALLIED WASTE INDUSTRIES INC.
COM
019589 308
468
20,000
X
20,000
D
ALLIED ZURICH PLC
COM
028757 9
1,594
155,850
X
155,850
D
ALTERA
COM
021441 100
3,548
101,000
X
101,000
D
AMER EXPRS
COM
025816 109
8,197
105,600
X
105,600
D
AMEREN CORPORATION
COM
023608 102
2,228
53,118
X
53,118
D
AMERICA ONLINE INC
COM
02364J 104
1,113
10,000
X
10,000
D
AMERICAN EXPRESS CO
COM
025816 10
4,471
57,600
X
57,600
D
AMERICAN FINANCIAL GROUP INC.
COM
025932 104
231
7,000
X
7,000
D
AMERICAN HOME PRODUCTS
COM
026609 107
9,302
177,600
X
177,600
D
AMERICAN INTERNATIONAL GROUP
COM
026874 107
3,422
44,440
X
44,440
D
AMERICAN INT'L GROUP
COM
026874 107
14,016
182,030
X
182,030
D
AMERICAN MGMT SYSTEM
COM
027352 10
312
11,400
X
11,400
D
AMERICAN ONCOLOGY RESOURCES, I
COM
028910 107
2,278
225,000
X
225,000
D
AMERICAN WATER WORKERS INC.
COM
030411 102
1,537
49,000
X
49,000
D
AMERISOURCE HEALTH CORP
COM
03071P 102
3,419
62,800
X
62,800
D
AMP LIMITED 144A
COM
611571 5
3,472
286,661
X
286,661
D
ANALOG DEVICES 3.5% 12/01/00
SDCV
032654 AB1
1,532
1,500
X
0
D
ANALOG DEVICES INC
COM
032654 105
686
42,700
X
42,700
D
ANALOG DEVICES INC.
COM
032654 10
1,226
76,350
X
76,350
D
ANHEUSER BUSH BUD
COM
035229 103
3,947
73,100
X
73,100
D
APOLLO GROUP, INC.
COM
037604 105
0
0
X
0
D
APPLIED MATERIALS
COM
038222 105
808
32,000
X
32,000
D
ASSOCIATED BANC-CORP
COM
045487 10
596
18,950
X
18,950
D
ASSOCIATES FIRST A
COM
046008 108
1,148
17,600
X
17,600
D
ASSURANCE GEN
COM
403473 7
1,565
28,389
X
28,389
D
ASTORIA FINANCIAL
COM
046265 104
1,213
28,800
X
28,800
D
ASTORIA FINL PFD SER B 12.00%
PFD
046265 203
1,148
40,800
X
0
D
ASTRA AB A
COM
524150 3
822
48,070
X
48,070
D
ATLANTIC RICHFIELD CO
COM
048825 103
709
10,000
X
10,000
D
AUST &NEW ZEALAND BNKG GRP
COM
606558 6
2,285
427,864
X
427,864
D
AUTOMATIC DATA PROCESSING
COM
053015 103
7,580
101,400
X
101,400
D
AVERY DENNISON CORP
COM
053611 109
5,264
120,500
X
120,500
D
AXA-UAP
COM
402692 7
2,130
23,270
X
23,270
D
B O C GROUP
COM
010812 0
553
44,390
X
44,390
D
BALTIMORE GAS & ELEC CO
COM
059165 100
2,620
78,500
X
78,500
D
BANCA COMML ITALIANA
COM
407294 2
1,845
307,100
X
307,100
D
BANCA DI ROMA
COM
405835 1
2,372
1,328,700
X
1,328,700
D
BANCO SANTANDER SA
COM
545426 0
1,187
76,800
X
76,800
D
BANK AMERICA
COM
066050 105
3,271
54,400
X
54,400
D
BANKBOSTON CORP
COM
06605R 106
5,313
161,000
X
161,000
D
BANQUE NAT DE PARIS
COM
413366 7
4,366
81,562
X
81,562
D
BARNES & NOBLE
COM
067774 109
405
15,000
X
15,000
D
BARNETT INC
COM
068062 108
252
29,600
X
29,600
D
BARRETT RESOURCES
COM
068480 20
139
6,900
X
6,900
D
BAXTER INTERNATIONAL
COM
071813 109
1,583
26,600
X
26,600
D
BAXTER INTERNATIONAL
COM
071813 109
2,017
33,900
X
33,900
D
BAYER AG
COM
506921 1
2,440
61,690
X
61,690
D
BEC ENERGY
COM
05538M 101
3,254
74,700
X
74,700
D
BECTON DICKENSON
COM
075887 109
1,912
46,500
X
46,500
D
BED BATH & BEYOND INC.
COM
075896 100
477
20,400
X
20,400
D
BELL ATLANTIC
COM
077853 109
15,563
321,300
X
321,300
D
BELLSOUTH CORP
COM
079860 102
4,334
57,600
X
57,600
D
BEMIS CO
COM
081437 105
501
14,300
X
14,300
D
BERINGER WINE EST B
COM
084102 102
5,260
137,300
X
137,300
D
BEST FOODS INC.
COM
08658U 101
4,902
101,200
X
101,200
D
BIOMET
COM
090613 100
253
7,300
X
7,300
D
BISYS
COM
055472 104
883
20,000
X
20,000
D
BLACK BOX CORP
COM
091826 107
320
13,200
X
13,200
D
BOEING
COM
097023 105
892
26,000
X
26,000
D
BOISE CASCADE CORP
COM
097383 103
2,076
82,022
X
82,022
D
BRISTOL-MYERS SQUIBB
COM
110122 108
11,561
111,300
X
111,300
D
BRITISH AMER TOBACCO
COM
028758 0
2,965
398,050
X
398,050
D
BRITISH PETE CO PLC
COM
013849 5
4,086
267,164
X
267,164
D
BRITISH PETROLEUM CO LTD ADR
COM
110889 409
436
5,000
X
5,000
D
BRITISH STEEL
COM
014114 7
1,971
1,091,700
X
1,091,700
D
BRITISH TELECOM PLC
COM
014084 3
962
71,400
X
71,400
D
BRITISH TELECOMMUNICATION
COM
111021 408
665
5,000
X
5,000
D
BURLNGTN N
COM
12189T 104
6,720
210,000
X
210,000
D
BUSH BOAKE ALLEN INC
COM
123162 10
482
18,000
X
18,000
D
C B S CORP
COM
12490K 107
626
25,800
X
25,800
D
CABLE AND WIRELESS
COM
016255 7
1,441
151,200
X
151,200
D
CADENCE DESIGN
COM
127387 108
4,387
171,600
X
171,600
D
CAMBRIDGE TECH PARTNERS
COM
132524 109
145
6,500
X
6,500
D
CANADIAN NATIONAL RAILWAY
COM
136375 10
2,191
49,100
X
49,100
D
CARDIOVASCULAR DYNAMICS INC
COM
14160K 102
388
100,000
X
100,000
D
CARREFOUR SUPERMARCH
COM
417754 6
944
1,490
X
1,490
D
CASH AMERICA
COM
14754D 100
2,681
241,000
X
241,000
D
CASINO GUICHARD PERR
COM
417841 9
1,499
14,870
X
14,870
D
CBS RADIO 11 3/8 % (SERIES B)
PFD
124847 AA2
303
2,631
X
0
D
CENTOCOR
COM
152342 101
1,736
43,800
X
43,800
D
CENTRAL & SOUTH WEST CORP
COM
152357 109
1,428
50,000
X
50,000
D
CENTURA BANKS, INC.
COM
15640T 100
2,609
41,500
X
41,500
D
CENTURY TEL TELEPHNE
COM
156686 107
7,704
163,050
X
163,050
D
CHARTER ONE FINANCIAL, INC.
COM
160903 100
3,037
122,102
X
122,102
D
CHEUNG KONG HOLDINGS
COM
619027 3
1,798
388,000
X
388,000
D
CHEVRON
COM
166751 107
8,726
103,800
X
103,800
D
CHEVRON CORP
COM
166751 10
3,354
39,900
X
39,900
D
CHILDREN'S PLACE
COM
168905 107
250
25,000
X
25,000
D
CHINA TELECOM
COM
607355 6
1,199
761,300
X
761,300
D
CHIREX INC.
COM
170038 103
1,080
90,500
X
90,500
D
CIE FIN RICHEMT UT A
COM
473821 1
2,660
2,080
X
2,080
D
CINAR FILMS INC. CL B
COM
171905 300
3,457
192,700
X
192,700
D
CINCINNATI BELL, INC.
COM
171870 108
1,851
71,200
X
71,200
D
CINERGY CORP.
COM
172474 108
1,530
40,000
X
40,000
D
CISCO SYSTEMS
COM
17275R 102
19,550
316,275
X
316,275
D
CISCO SYSTEMS
COM
17275R 10
4,379
70,850
X
70,850
D
CITADEL COMMUNICATIONS CO.
COM
172853 202
2,876
140,700
X
140,700
D
CITICORP
COM
173034 109
1,375
14,800
X
14,800
D
CITICORP
COM
173034 10
1,112
11,960
X
11,960
D
CLEAR CHANNEL COMMUNICATIONS
COM
184502 102
356
7,500
X
7,500
D
COASTAL CORPORATION
COM
190441 105
2,754
81,600
X
81,600
D
COCA-COLA ENTERPRISES
COM
191219 104
9,489
375,800
X
375,800
D
COCA COLA
COM
191216 100
6,281
109,000
X
109,000
D
COLGATE-PALMOLIVE
COM
194162 103
685
10,000
X
10,000
D
COLT TELECOM GROUP
COM
042469 9
515
61,200
X
61,200
D
COLUMBIA ENERGY GROUP
COM
197648 108
915
15,600
X
15,600
D
COLUMBIA HEATLHCARE GROUP
COM
197677 107
992
49,450
X
49,450
D
COLUMBUS MCKINNON
COM
199333 105
0
0
X
0
D
COMCAST CORP SPL CLA
COM
200300 200
11,551
246,100
X
246,100
D
COMDISCO
COM
200336 105
164
12,000
X
12,000
D
COMMERCIAL FEDERAL CORP.
COM
201647 104
2,366
100,400
X
100,400
D
COMMONWEALTH TELEPHONE
COM
203349 105
2,494
104,200
X
104,200
D
COMPANIA DE TELECOMMUNICACIONE
COM
204449 300
501
26,200
X
26,200
D
COMPAQ COMPUTERS CORP.
COM
204493 100
10,642
336,500
X
336,500
D
COMPASS GROUP
COM
028801 1
3,378
359,500
X
359,500
D
COMPUTER SCIENCE
COM
205363 104
1,635
30,000
X
30,000
D
COMPUWARE CORP.
COM
205638 109
765
13,000
X
13,000
D
COMVERSE TECHNOLOGY INC.
COM
205862 402
2,375
58,100
X
58,100
D
CONDOR TECHNOLOGY SOLS.
COM
206772 105
1,452
141,700
X
141,700
D
CONECTIV, INC.
COM
206829 103
1,725
75,600
X
75,600
D
CONECTIV, INC. - CLASS A
COM
206829 202
402
10,875
X
10,875
D
CONSECO
COM
208464 107
5,696
186,358
X
186,358
D
CONSOLIDATED EDISON INC COM
COM
209115 104
5,457
104,700
X
104,700
D
COSTCO COMPANIES INC.
COM
22160Q 102
5,055
106,700
X
106,700
D
COVANCE INC
COM
222816 100
1,170
45,100
X
45,100
D
COX COMM INC. 6% 6/1/99
PFD
590188 777
3,141
70,000
X
0
D
COX COMMUNICATION
COM
224044 107
1,682
30,800
X
30,800
D
CRANE
COM
224399 105
212
9,000
X
9,000
D
CREDIT SUISSE GP
COM
424561 4
160
1,450
X
1,450
D
CSC HOLDINGS INC 11.125% PIK
PFD
126304 401
14,677
133,427
X
0
D
CVS CORP
COM
126650 100
7,856
179,300
X
179,300
D
CVS CORPORATION
COM
126650 10
2,762
63,050
X
63,050
D
DAI NIPPON PRINTING#7912
COM
625090 6
837
65,000
X
65,000
D
DALLAS SEMICONDUCTOR
COM
235204 10
451
16,700
X
16,700
D
DAMES & MOORE GROUP
COM
235713 109
326
31,000
X
31,000
D
DAY INTL 12 1/4% PFD )
PFD
239536 204
479
515
X
0
D
DAYTON HUDSON CORP
COM
239753 106
1,287
36,000
X
36,000
D
DECRANE UNITS 12% 9-30-08
BU
243662 AD5
3,030
3,000
X
0
D
DELTA AIRLINES
COM
247361 108
3,073
31,600
X
31,600
D
DEUTSCHE TELEKOM
COM
511938 7
1,490
47,980
X
47,980
D
DIAGEO PLC
COM
023740 0
2,392
251,324
X
251,324
D
DIAMOND OFFSHORE
COM
25271C 102
460
17,700
X
17,700
D
DIME BANCORP
COM
25429Q 102
2,415
95,400
X
95,400
D
DISNEY WALT CO
COM
254687 106
1,788
70,640
X
70,640
D
DOMINION RESOURCES INC.
COM
257470 104
2,762
61,900
X
61,900
D
DONALDSON CO.
COM
257651 109
400
25,000
X
25,000
D
DOW CHEMICAL
COM
260543 103
2,666
31,200
X
31,200
D
DQE INC.
COM
23329J 104
5,224
135,250
X
135,250
D
DRESDNER BANK
COM
435587 0
1,117
29,410
X
29,410
D
DST SYSTEMS
COM
233326 107
675
12,800
X
12,800
D
DTE ENERGY CO
COM
233331 107
2,666
59,000
X
59,000
D
DUKE ENERGY CORP
COM
264399 106
4,137
62,500
X
62,500
D
DUKE ENERGY CORP
COM
264399 10
2,118
32,000
X
32,000
D
DUPONT EI DE NEMOURS
COM
263534 10
1,212
21,600
X
21,600
D
DURA PHARMACEUTICALS
COM
26632S 109
1,144
104,600
X
104,600
D
E SPIRE COMMUNICATIONS
COM
269153 110
975
13,000
X
13,000
D
E.I. DUPONT DE NEMOURS
COM
263534 109
9,749
173,700
X
173,700
D
EAGLE HARDWARE & GARDEN
COM
26959B 101
3,362
155,000
X
155,000
D
EARTHGRAINS COMPANY
COM
270319 106
3,335
107,800
X
107,800
D
EASTERN ENVIRONMENTAL
COM
276369 105
1,845
61,000
X
61,000
D
ECHOSTAR 12.125% PIK
PFD
278762 406
5,300
5,463
X
0
D
ECHOSTAR COMMUNICATIONS CL A
COM
278762 109
696
28,999
X
28,999
D
ECI TELECOM ADR*
COM
268258 100
2,500
102,038
X
102,038
D
ECOLAB INC
COM
278865 100
1,706
60,000
X
60,000
D
EISAI CO LTD
COM
630720 0
1,460
120,000
X
120,000
D
EL PASO ENERGY CORP
COM
283905 107
1,732
53,400
X
53,400
D
ELAN CORPORATION PLC
COM
284131 208
360
5,000
X
5,000
D
EMC CORPORATION
COM
268648 102
15,418
269,600
X
269,600
D
ENDESA
COM
527178 2
2,268
100,700
X
100,700
D
ENDESA S.A
COM
29258N 107
1,052
47,800
X
47,800
D
ENDESA SA (ADR)
COM
29258N 107
1,349
61,300
X
61,300
D
ENERGEN CORPORATION
COM
29265N 108
475
25,000
X
25,000
D
ENI SPA
COM
443639 9
2,561
418,200
X
418,200
D
ENRON CORP. COMMONSTOCK
COM
293561 106
13,008
246,300
X
246,300
D
ESTEE LAUDER COMPANIES-CL A
COM
518439 104
3,506
68,400
X
68,400
D
ETEC SYSTEMS, INC.
COM
26922C 103
2,374
91,100
X
91,100
D
ETHAN ALLEN INTERIOR
COM
297602 104
2,820
77,800
X
77,800
D
EW SCRIPPS CO.
COM
811054 204
4,620
106,200
X
106,200
D
EXCEL REALTY TRUST, INC.
COM
30067R 107
0
0
X
0
D
EXXON CORP
COM
302290 101
22,783
324,600
X
324,600
D
EXXON CORP.
COM
302290 101
3,895
55,500
X
55,500
D
FAMILY DOLLAR STORES INC.
COM
307000 109
2,764
175,500
X
175,500
D
FANNIE MAE
COM
313586 109
13,909
216,480
X
216,480
D
FANNIE MAE
COM
313586 109
3,765
58,600
X
58,600
D
FEDERAL HOME LOAN MORTGAGE CO.
COM
313400 301
5,517
111,600
X
111,600
D
FEDERAL MOGUL
COM
313549 107
3,787
81,000
X
81,000
D
FIFTH THIRD BANCORP
COM
316773 100
3,582
62,300
X
62,300
D
FINOVA GROUP INC
COM
317928 109
100
2,000
X
2,000
D
FIRST DATA CORP
COM
319963 10
849
36,125
X
36,125
D
FIRST DATA CORP NSP
COM
319963 104
940
40,000
X
40,000
D
FIRST UNION CORP
COM
337358 105
13,089
255,700
X
255,700
D
FIRSTENERGY CORP.
COM
337932 107
932
30,000
X
30,000
D
FLEXTRONICS INTERNATIONAL
COM
2353058
2,707
76,400
X
76,400
D
FLORIDA PROGRESS
COM
341109 106
5,353
123,600
X
123,600
D
FLOWERS INDUSTRIES
COM
343496 105
436
20,000
X
20,000
D
FONTIER INS GRP INC
COM
359081 106
464
35,000
X
35,000
D
FOSSIL INC.
COM
349882 100
895
65,700
X
65,700
D
FOUR MEDIA COMPANY
COM
350872 107
921
245,594
X
245,594
D
FPL GROUP
COM
302571 104
11,941
171,350
X
171,350
D
FRANCE TELECOM ADR
COM
35177Q 105
511
8,700
X
8,700
D
FRED MEYER, INC.
COM
592907 109
498
12,800
X
12,800
D
FRESH AMERICA CORP.
COM
35803R 105
829
65,000
X
65,000
D
FRNKLN RES
COM
354613 101
582
19,400
X
19,400
D
FUJI PHOTO FILM COMPANY
COM
635652 5
1,623
47,000
X
47,000
D
G&K SERVICES INC
COM
361268 10
984
21,000
X
21,000
D
GANNETT CO
COM
364730 10
2,587
48,300
X
48,300
D
GANNETT INC. COMMON STOCK
COM
364730 101
7,001
130,700
X
130,700
D
GAP INC
COM
364760 108
5,507
104,400
X
104,400
D
GARTNER GROUP
COM
366651 107
1,566
75,000
X
75,000
D
GAYLORD CONTAINER CORPORATION
COM
368145 108
0
0
X
0
D
GENERAL ELECTRIC CO.
COM
369604 103
271
3,400
X
3,400
D
GENERAL MILLS
COM
370334 104
13,384
191,200
X
191,200
D
GENERAL MTRS CORP CL H NEW
COM
370442 832
515
14,000
X
14,000
D
GENERAL PUBLIC UTILITIES 00
COM
36225X 100
3,868
91,000
X
91,000
D
GENETECH INC
COM
368710 307
4,535
63,100
X
63,100
D
GENRL ELEC
COM
369604 103
31,427
395,000
X
395,000
D
GENZYME
COM
372917 104
1,474
40,800
X
40,800
D
GILLETTE CO
COM
375766 102
1,938
50,660
X
50,660
D
GILLETTE COMPANY
COM
375766 102
880
23,000
X
23,000
D
GLAXO WELLCOME
COM
037178 4
2,270
76,900
X
76,900
D
GLEASON CORP.
COM
377339 106
1,616
100,600
X
100,600
D
GOLDEN STATE BANCORP
COM
381197 102
399
20,000
X
20,000
D
GOLDRIVER LIQ TR CONTRA
COM
381450 9A5
8
8,250
X
8,250
D
GREAT UNIVSL STORES
COM
038470 4
1,870
164,200
X
164,200
D
GTE CORP.
COM
362320 103
8,690
158,000
X
158,000
D
GUCCI GROUP NV NY
COM
401566 10
802
22,200
X
22,200
D
GULF STS ST ACQUI WT4/1/03
COM
402548 119
0
1,000
X
1,000
D
HALLIBURTON
COM
406216 101
611
21,400
X
21,400
D
HBO & CO
COM
404100 109
3,465
120,000
X
120,000
D
HCR MANOR CARE
COM
404134 108
2,692
91,850
X
91,850
D
HEALTH MANAGEMENT ASSOCIATES,
COM
421933 102
2,601
142,500
X
142,500
D
HEALTHCARE FINANCIAL
COM
42219W 108
2,200
52,389
X
52,389
D
HEALTHSOUTH 3.25% 4/01/03
SDCV
421924 AE1
2,265
3,000
X
0
D
HENDERSON LAND DEV
COM
642053 8
154
45,000
X
45,000
D
HENKEL NON VTG PREF
PFD
507670 5
1,796
24,700
X
0
D
HENNES & MAURITZ
COM
519522 4
690
9,490
X
9,490
D
HERTZ CORP A
COM
428040 10
1,497
36,175
X
36,175
D
HERTZ CORP CLASS A
COM
428040 109
3,401
82,200
X
82,200
D
HEWLETT-PACKARD
COM
428236 103
985
18,600
X
18,600
D
HEWLETT-PACKARD CO.
COM
428236 103
2,897
54,720
X
54,720
D
HITACHI CO., LTD.
COM
642910 4
595
135,000
X
135,000
D
HOECHST AG
COM
507037 6
4,006
97,740
X
97,740
D
HOLDERBANK FIN GL BR
COM
442049 9
1,251
1,220
X
1,220
D
HOME DEPOT
COM
437076 102
6,482
164,100
X
164,100
D
HOME DEPOT 3.25% 10/01
SDCV
437076 AE2
2,792
1,600
X
0
D
HOME DEPOT INC.
COM
437076 10
3,433
86,900
X
86,900
D
HORHBACH HLDG PREF
PFD
469381 5
1,757
21,280
X
0
D
HOUSTON INDUSTRIES INC.
COM
442161 105
3,374
108,400
X
108,400
D
I D T CORP.
COM
448947 101
230
10,000
X
10,000
D
IBM CORP
COM
459200 101
2,573
20,100
X
20,100
D
ICG COMMUNICATIONS
COM
449246 107
2,204
130,600
X
130,600
D
IDEXX LABS INC.
COM
45168D 104
4,405
184,500
X
184,500
D
ILLINOIS TOOL WORKS INC
COM
452308 109
3,275
60,100
X
60,100
D
IMPATH INC
COM
45255G 101
1,190
40,000
X
40,000
D
IMPERIAL CHEM INDS
COM
045949 7
1,041
132,100
X
132,100
D
INFORMATION MANAGEMENT
COM
45675E 108
2,025
81,800
X
81,800
D
ING GROEP NV
COM
505887 7
3,317
73,640
X
73,640
D
INGERSOLL RAND CORP
COM
456866 102
5,729
151,000
X
151,000
D
INNKEEPERS USA TRUST
COM
4576J0 104
1,300
109,500
X
109,500
D
INTEL CORP
COM
458140 10
2,465
28,750
X
28,750
D
INTEL CORP.
COM
458140 100
11,353
132,400
X
132,400
D
INTERFACE, INC.
COM
458665 106
1,866
155,500
X
155,500
D
INTERMEDIA COMMUNICATIONS
COM
458801 107
1,425
58,000
X
58,000
D
INTERNATIONAL PAPER
COM
460146 103
3,017
64,700
X
64,700
D
INT'L BUSINESS MACHINES
COM
459200 101
16,410
128,200
X
128,200
D
INTL COMFORT PRODUCTS
COM
458978 103
1,005
122,700
X
122,700
D
IONICS INC
COM
462218 10
1,757
66,300
X
66,300
D
IXC COMMUNICATIONS, INC.
COM
450713 102
1,414
47,539
X
47,539
D
J. BAKER, INC.
COM
057232 100
248
55,000
X
55,000
D
JEFFERSON-PILOT
COM
475070 108
3,902
64,500
X
64,500
D
JEFFERSON SMURF GBP
COM
081914 3
687
446,520
X
446,520
D
JOHNSON & JOHNSON
COM
478160 104
12,880
164,600
X
164,600
D
JOHNSON & JOHNSON
COM
478160 104
4,112
52,550
X
52,550
D
JOHNSON CONTROLS
COM
478366 107
186
4,000
X
4,000
D
JONES APPAREL GROUP, INC.
COM
480074 103
381
16,600
X
16,600
D
JONES INTERCABLE
COM
480206 200
2,032
81,700
X
81,700
D
JONES PHARMA, INC.
COM
480236 108
3,352
116,600
X
116,600
D
JUST FOR FEET
COM
48213P 106
1,025
80,400
X
80,400
D
KANSAS CITY POWER & LIGHT
COM
485134 100
913
30,000
X
30,000
D
KARSTADT AG
COM
448410 5
4,533
9,530
X
9,530
D
KELLOGG
COM
487836 108
7,144
216,900
X
216,900
D
KELLWOOD CO.
COM
488044 108
2,032
75,600
X
75,600
D
KENSEY NASH CO.
COM
490057 106
980
120,580
X
120,580
D
KERR-MCGEE
COM
492386 107
5,060
111,200
X
111,200
D
KIMBERLY-CLARK
COM
494368 103
1,013
25,000
X
25,000
D
KIMBERLY CLARK CORP
COM
494368 103
1,234
30,475
X
30,475
D
KIMCO REALTY CORP
COM
49446R 109
3,021
79,500
X
79,500
D
KN ENERGY
COM
482620 101
308
6,000
X
6,000
D
KNIGHT-RIDDER
COM
499040 103
2,830
63,600
X
63,600
D
KOHLS CORP
COM
500255 104
187
4,800
X
4,800
D
LAKEHEAD PIPE LINE L P
COM
511557 100
1,211
23,400
X
23,400
D
LANDRY'S SEAFOOD
COM
51508L 10
135
20,000
X
20,000
D
LEAR CORPORATION
COM
521865 105
5,696
130,200
X
130,200
D
LEVEL ONE COMMUNICATIONS, INC.
COM
527295 109
2,101
104,400
X
104,400
D
LIFE TECH., INC.
COM
532177 201
834
25,000
X
25,000
D
LILLY INDUSTRIES, INC.
COM
532491 107
895
50,756
X
50,756
D
LINCOLN NATIONAL
COM
534187 109
5,313
64,600
X
64,600
D
LINCOLN NATL CRP 7.75% PREF
PFD
534187 604
2,463
100,000
X
0
D
LINEAR TECHNOLOGY CORPORATION
COM
535678 106
225
4,500
X
4,500
D
LITTLEFUSE INC
COM
537008 10
616
31,000
X
31,000
D
LORAL SPACE & COMMUNICATIONS
COM
G56462107
65
4,420
X
4,420
D
LOUISANA-PACIFIC CORP
COM
546347 105
2,275
111,667
X
111,667
D
LUCENT TECH INC
COM
549463 107
5,405
78,268
X
78,268
D
LYCOS, INC.
COM
550818 108
2,029
60,000
X
60,000
D
MABUCHI MOTOR
COM
655103 0
1,608
25,600
X
25,600
D
MAINE PUBLIC SERVICE CO.
COM
560483 109
228
15,800
X
15,800
D
MANNESMANN AG
COM
546095 5
3,090
33,650
X
33,650
D
MANUFACTURED HOME COMMUNITIE
COM
564682 102
2,592
101,900
X
101,900
D
MARSH & MCLENNAN
COM
571748 102
6,062
121,850
X
121,850
D
MASCO
COM
574599 106
4,398
178,600
X
178,600
D
MATSUMOTOKIYOSHI
COM
657258 1
1,127
34,400
X
34,400
D
MC CORMICK & CO
COM
579780 206
320
11,000
X
11,000
D
MCCAW INTL LDT
COM
579472 119
28
5,500
X
5,500
D
MCDONALDS CORP
COM
580135 101
6,046
101,300
X
101,300
D
MCDONALD'S CORP
COM
580135 101
2,802
46,950
X
46,950
D
MCGRAW HILL INC
COM
580645 109
5,151
65,000
X
65,000
D
MCI WORLDCOM
COM
55268B 106
2,865
58,629
X
58,629
D
MCI WORLDCOM INC.
COM
55268B 106
20,660
422,703
X
422,703
D
MDU RESOURCES GROUP, INC.
COM
552690 109
2,268
86,400
X
86,400
D
MEDICIS PHARM CORP
COM
584690 309
3,610
91,100
X
91,100
D
MERCANTILE BANCORP
COM
587342 106
3,248
67,144
X
67,144
D
MERCANTILE BANKSHRS
COM
587405 10
563
20,000
X
20,000
D
MERCK & COMPANY*
COM
589331 107
16,286
125,700
X
125,700
D
MERRILL LYNCH & CO.
COM
590188 108
4,515
95,300
X
95,300
D
MESABA HOLDINGS INC.
COM
59066B 102
261
18,000
X
18,000
D
METSA SERLA 'B'
COM
507143 2
1,003
141,810
X
141,810
D
MICROSOFT 2.196% 12/15/99
PFD
594918 203
2,891
30,000
X
0
D
MICROSOFT CORP
COM
594918 10
4,276
38,850
X
38,850
D
MICROSOFT CORP.*
COM
594918 104
15,695
142,600
X
142,600
D
MINERALS TECH INC
COM
603158 10
925
21,000
X
21,000
D
MIRAGE RESORTS
COM
60462E 104
670
40,000
X
40,000
D
MIRAGE RESORTS
COM
60462E 10
2,446
146,000
X
146,000
D
MONSANTO COMPANY
COM
611662 107
3,343
59,300
X
59,300
D
MORGAN STANLEY DEAN WITTER
COM
617446 448
719
16,700
X
16,700
D
MOTOROLA, INC
COM
620076 109
598
14,000
X
14,000
D
MSC INDUSTRIAL DIRECT CLASS A
COM
553530 10
228
11,400
X
11,400
D
N I C E SYSTEMS LTD
COM
653656 108
1,283
87,000
X
87,000
D
NABORS INDUSTRIES, INC.
COM
629568 106
1,388
91,400
X
91,400
D
NATIONAL DATA CORP
COM
635621 105
2,546
82,463
X
82,463
D
NATIONAL WESTMINSTER BANK
COM
062539 5
2,674
199,200
X
199,200
D
NATIONSBANK
COM
638585 109
3,740
69,900
X
69,900
D
NCO GROUP, INC.
COM
628858 102
1,808
65,000
X
65,000
D
NESTLE AG
COM
461669 6
2,761
1,388
X
1,388
D
NETWORK APPLIANCE, INC.
COM
64120L 104
2,714
53,600
X
53,600
D
NEW CENTURY ENERGIES INC
COM
64352U 103
4,051
83,200
X
83,200
D
NEW JERSEY RESOURCES
COM
646025 106
1,364
38,300
X
38,300
D
NEW PLAN EXCEL REALTY TRUST
COM
648053 106
2,013
86,338
X
86,338
D
NEWBRIDGE NETWORKS CORP.
COM
650901 101
3,857
215,000
X
215,000
D
NEWELL COS
COM
651192 106
392
8,500
X
8,500
D
NEWFIELD EXPLORATION CO.
COM
651290 108
1,463
65,000
X
65,000
D
NEWPARK RESOURCES, INC.
COM
651718 504
1,235
179,660
X
179,660
D
NEWS CORP LTD
COM
688692 5
1,584
245,854
X
245,854
D
NEXT PLC
COM
042186 1
3,173
444,600
X
444,600
D
NICHIEI CO
COM
663889 2
1,692
25,000
X
25,000
D
NICOR
COM
654086 107
1,061
25,600
X
25,600
D
NIPPON TEL & TEL
COM
664137 3
1,637
224
X
224
D
NIPSCO INDUSTRIES
COM
629140 104
2,982
90,700
X
90,700
D
NOKIA AB A
COM
544449 8
2,464
31,040
X
31,040
D
NOKIA CORP ADR A
COM
654902 20
1,875
23,900
X
23,900
D
NORDBANKEN HOLDING AB
COM
538003 1
2,829
492,580
X
492,580
D
NORDSON CORP
COM
655663 102
376
8,000
X
8,000
D
NORTHERN STATES POWER COMPANY
COM
665772 109
1,706
60,800
X
60,800
D
NORTHERN TELECOM
COM
665815 106
0
0
X
0
D
NORWEST CORP.
COM
669380 107
7,130
199,100
X
199,100
D
NOVARTIS AG BR
COM
504784 2
1,625
1,013
X
1,013
D
NTT DATA COMMN SYS
COM
612563 9
757
207
X
207
D
OAKWOOD HOMES CORP.
COM
674098 108
805
61,300
X
61,300
D
OFFICEMAX, INC.
COM
67622M 108
451
46,000
X
46,000
D
OGDEN
COM
676346 109
3,671
129,100
X
129,100
D
OGE ENERGY CORP.
COM
670837 103
4,845
167,800
X
167,800
D
OLIVETTI
COM
529422 8
728
345,200
X
345,200
D
OLYMPUS OPTICAL
COM
665880 1
1,850
168,000
X
168,000
D
OMNICOM GRP
COM
681919 106
4,050
90,000
X
90,000
D
ONEOK
COM
682680 103
1,258
37,000
X
37,000
D
ORANGE PLC
COM
066149 6
1,920
200,000
X
200,000
D
ORCKIT COMMUNICATIONS LTD
COM
2663917
1,563
120,200
X
120,200
D
P R I AUTOMATION INC.
COM
69357H 106
1,048
83,800
X
83,800
D
PACIFIC TEL 7.56% 1/31/26
PFD
694887 209
254
10,000
X
0
D
PACIFIC TELESIS 8.5% 2026
PFD
694889 205
263
10,000
X
0
D
PALL CORP
COM
696429 307
333
15,000
X
15,000
D
PARIBAS
COM
547173 0
792
14,700
X
14,700
D
PASMINCO LIMITED
COM
667108 0
1,117
1,521,078
X
1,521,078
D
PECO ENERGY
COM
693304 107
1,280
35,000
X
35,000
D
PEOPLES HERITAGE
COM
711147 108
1,076
60,000
X
60,000
D
PEOPLESOFT INC
COM
712713 10
940
28,800
X
28,800
D
PEOPLESOFT INC
COM
712713 10
1,439
44,100
X
44,100
D
PEPSICO
COM
713448 108
9,414
319,800
X
319,800
D
PERKIN-ELMER
COM
714041 100
975
14,200
X
14,200
D
PFIZER INC.,
COM
717081 10
2,087
19,700
X
19,700
D
PFIZER*
COM
717081 103
12,204
115,200
X
115,200
D
PHARMACIA & UPJOHN
COM
716941 109
2,008
40,000
X
40,000
D
PHARMACIA & UPJOHN
COM
492833 5
4,268
84,860
X
84,860
D
PHARMACIA & UPJOHN INC
COM
716941 109
4,185
83,380
X
83,380
D
PHARMERICA INC.
COM
717135 107
1,274
234,300
X
234,300
D
PHILIP MORRIS
COM
718154 107
15,320
332,600
X
332,600
D
PHILIP MORRIS CO
COM
718154 10
1,631
35,400
X
35,400
D
PHILIPS ELECTRS NV
COM
468520 9
2,380
44,200
X
44,200
D
PIEDMONT NATURAL GAS
COM
720186 105
1,081
31,900
X
31,900
D
PINNACLE WEST CAPITAL CORP.
COM
723484 101
1,344
30,000
X
30,000
D
PITNEY BOWES
COM
724479 100
2,628
50,000
X
50,000
D
PLATINUM TECHNOLOGY INC.
COM
72764T 101
1,598
88,800
X
88,800
D
PNC FINANCIAL CORP
COM
693475 105
11,057
245,700
X
245,700
D
POLICY MANAGEMENT
COM
731108 106
992
24,500
X
24,500
D
POWERGEN PLC
COM
069782 2
1,622
109,100
X
109,100
D
POWERTEL INC WT
COM
73936C 117
41
5,600
X
5,600
D
POWERWAVE
COM
739363 109
9
1,000
X
1,000
D
PRECISION DRILLING CORP.
COM
74022D 100
1,139
90,700
X
90,700
D
PRES RIVERBOAT WTS
COM
740848 999
0
17,660
X
17,660
D
PROCTER AND GAMBLE
COM
742718 109
11,222
158,200
X
158,200
D
PROCTER AND GAMBLE
COM
742718 109
2,743
38,665
X
38,665
D
PROVIDENT COMPANIES
COM
743862 104
172
5,100
X
5,100
D
PUBLIC SVC ENTRPRS. GRP.
COM
744573 106
2,673
68,000
X
68,000
D
QUESTAR CORP. COMMON
COM
748356 102
1,475
76,600
X
76,600
D
QUORUM HEALTH
COM
749084 109
0
0
X
0
D
QWST COMMUNICATION INTL
COM
749121 109
7,741
247,203
X
247,203
D
R & B FALCON CORP.
COM
74912E 101
884
73,700
X
73,700
D
RAMBUS INC.
COM
750917 106
2,976
46,500
X
46,500
D
RAYCHEM CORP
COM
754603 108
0
0
X
0
D
RECKITT & COLMAN PLC
COM
072787 1
1,980
133,879
X
133,879
D
REINSURANCE GROUP
COM
759351 10
943
16,000
X
16,000
D
RELIANCE GROUP
COM
759464 100
1,725
122,700
X
122,700
D
REMEDY CORP.
COM
759548 100
0
0
X
0
D
RENAL CARE GROUP INC
COM
759930 100
1,345
52,500
X
52,500
D
REPUBLIC INDUSTRIES
COM
760516 104
0
0
X
0
D
RESOURCED BANCSHARES MTGS
COM
761197 102
2,052
115,588
X
115,588
D
REVLON INC.
COM
761525 500
2,236
70,300
X
70,300
D
REYNOLDS AND REYNOLDS
COM
761695 105
267
15,000
X
15,000
D
RHONE-POULENC SA SERIES "A"
COM
473681 7
2,225
53,061
X
53,061
D
RICHFOOD HOLDINGS, INC.
COM
763408 101
2,294
149,206
X
149,206
D
RIO TINTO LTD
COM
622010 3
1,114
92,079
X
92,079
D
RITE AID
COM
767754 104
9,096
256,216
X
256,216
D
ROBINSON WORLD WIDE
COM
12541W 100
483
24,000
X
24,000
D
ROCHE HLDGS GENUSSCH
COM
474577 2
861
800
X
800
D
ROHM COMPANY
COM
674720 4
1,051
11,000
X
11,000
D
ROYAL CARIBBEAN CRUISES LTD.
COM
V7780T103
319
12,000
X
12,000
D
ROYAL CARIBBEAN PFD 7.25%
PFD
YY5016414
2,127
25,000
X
0
D
ROYAL DUTCH PETROLEUM
COM
520270 4
1,285
25,900
X
25,900
D
ROYAL DUTCH PETROLEUM CO
COM
780257 804
1,872
39,300
X
39,300
D
ROYAL GROUP TECH LTD
COM
779915 107
2,213
132,100
X
132,100
D
S.D. WARREN CO., INC. WARRANTS
COM
784091 118
750
150,000
X
150,000
D
S.D. WARREN PFD CONV 14%
PFD
784092 306
7,275
150,000
X
0
D
SAFEWAY, INC.
COM
786514 208
5,148
111,000
X
111,000
D
SAINT GOBAIN
COM
476837 1
1,703
12,850
X
12,850
D
SAKS INCORPORATED
COM
79377W 108
3,170
141,286
X
141,286
D
SANMINA CORPORATION
COM
800907 107
3,586
127,492
X
127,492
D
SAP PFD
PFD
484686 8
1,653
3,340
X
0
D
SARA LEE
COM
803111 103
1,458
27,000
X
27,000
D
SAVILLE SYSTEMS IRELAND-ADR
COM
805174 109
3,239
223,400
X
223,400
D
SBC COMMUNICATIONS
COM
78387G 103
19,170
431,400
X
431,400
D
SBC COMMUNICATIONS
COM
78387G 10
3,465
77,980
X
77,980
D
SCANA CORP.
COM
805898 103
4,481
133,500
X
133,500
D
SCHLUMBERGER
COM
806857 108
1,843
36,630
X
36,630
D
SCHLUMBERGER LTD.
COM
806857 108
1,278
25,400
X
25,400
D
SCHOLASTIC CORP
COM
807066 105
77
1,800
X
1,800
D
SCIENTIFIC HLDGS CORP
COM
808747 109
16
800
X
800
D
SCOTTISH POWER
COM
079082 8
1,690
174,500
X
174,500
D
SEAGULL ENERGY
COM
812007 102
351
28,500
X
28,500
D
SEARS ROEBUCK & COMPANY
COM
812387 108
2,554
57,800
X
57,800
D
SEC CAP PAC TRUST WTS
COM
81413P 113
0
1,276
X
1,276
D
SEMPRA ENERGY
COM
816851 109
3,196
122,633
X
122,633
D
SERVICE CP INTL
COM
817565 104
889
27,900
X
27,900
D
SERVICEMASTER CO
COM
81760N 109
427
19,500
X
19,500
D
SERVICEMASTER CO
COM
81760N 10
1,175
53,700
X
53,700
D
SHARED MEDICAL SYSTEMS CORP
COM
819486 101
792
14,900
X
14,900
D
SIAM COMMERCIAL WARRANTS 12/31
COM
608665 1
0
7,300
X
7,300
D
SIEMENS AG
COM
504773 4
5,185
94,910
X
94,910
D
SIERRA PACIFIC RESOURCES
COM
826425 100
2,069
53,300
X
53,300
D
SINCLAIR BROADCAST GROUP
COM
829226 109
1,321
81,300
X
81,300
D
SMITHKLINE BEECHAM
COM
013565 6
1,643
149,449
X
149,449
D
SNYDER OIL C/S
COM
833482 102
191
12,000
X
12,000
D
SOC NATL ELF AQUIT
COM
482408 0
3,007
24,390
X
24,390
D
SOFTWARE A G SYSTEMS, INC.
COM
834025 108
1,593
93,700
X
93,700
D
SONY CORP.
COM
682150 6
2,133
30,600
X
30,600
D
SOUTHDOWN, INC.
COM
841297 104
1,157
25,700
X
25,700
D
SOUTHWEST AIRLINES
COM
844741 108
2,432
121,575
X
121,575
D
SOUTHWEST AIRLINES NSP
COM
844741 108
1,800
90,000
X
90,000
D
SPEEDWAY MOTORSPORTS
COM
847788 10
495
26,200
X
26,200
D
ST JOHN KNITS, INC.
COM
790289 102
1,567
97,200
X
97,200
D
ST VOLVO AB B
COM
493773 9
2,321
94,690
X
94,690
D
STAFFMARK, INC.
COM
852389 105
1,513
82,900
X
82,900
D
STANDARD CHARTERED
COM
084037 0
2,182
309,400
X
309,400
D
STAPLES
COM
855030 102
1,063
36,200
X
36,200
D
STAR CHOICE COMMUNICATIONS
COM
854921 111
429
163,278
X
163,278
D
STATE STREET CORP
COM
857477 103
1,042
19,100
X
19,100
D
STATE STREET CORP.
COM
857477 10
4,025
73,775
X
73,775
D
STEIN MART INC
COM
858375 10
297
37,100
X
37,100
D
STEINER LEISURE LTD.
COM
P8744Y102
668
42,750
X
42,750
D
STERLING COMMERCE, INC.
COM
859205 106
7,845
226,573
X
226,573
D
STERLING SOFTWARE
COM
859547 101
1,232
44,700
X
44,700
D
STMICROELECTRO NYSHS
COM
861012 10
1,209
26,900
X
26,900
D
STORAGE USA INC
COM
861907 103
1,333
38,500
X
38,500
D
SUIZA FOODS CORP.
COM
865077 101
3,009
96,300
X
96,300
D
SUN COMPANY INCORPORATED
COM
866762 107
5,354
167,300
X
167,300
D
SYNOPSYS, INC.*
COM
871607 107
1,949
58,500
X
58,500
D
SYSTEMS & COMPUTER TECHNOLOGY
COM
871873 10
232
18,000
X
18,000
D
TAIWAN SEMICONDT ADR
COM
874039 10
1,272
103,815
X
103,815
D
TALBOTS INC
COM
874161 102
1,641
91,800
X
91,800
D
TCF FINANCIAL
COM
872275 102
1,596
80,300
X
80,300
D
TECH DATA CORP.
COM
878237 106
401
8,000
X
8,000
D
TELE-COMM. LIBERTY MEDIA GR-A
COM
87924V 507
14,539
396,299
X
396,299
D
TELECOM CORP NZ ADR
COM
879278 208
1,081
35,900
X
35,900
D
TELECOM CORP NZ IR
COM
611015 2
163
92,000
X
92,000
D
TELECOM CORP NZ LTD
COM
688143 6
487
127,069
X
127,069
D
TELECOM ITALIA SPA
COM
529750 6
5,739
833,655
X
833,655
D
TELECOM ITALIA SPA ADR
COM
87927W 106
1,340
20,000
X
20,000
D
TELEF DE ESPANA ADR
COM
879382 20
1,689
15,644
X
15,644
D
TELEFONICA SA
COM
488082 2
842
23,100
X
23,100
D
TELLABS, INC.
COM
879664 100
1,262
31,700
X
31,700
D
TELSTRA LTD IR
COM
608545 4
1,110
396,624
X
396,624
D
TENET HEALTHCARE CORP.
COM
88033G 100
7,561
263,000
X
263,000
D
TETRA TECH INC
COM
88162G 10
709
31,500
X
31,500
D
TEVA PHARMACEUTICAL IND., LTD.
COM
881624 209
3,204
84,600
X
84,600
D
TEXACO
COM
881694 103
13,052
208,200
X
208,200
D
TEXAS INSTRUMENTS INC.
COM
882508 104
865
16,400
X
16,400
D
TEXAS UTILITIES
COM
882848 104
4,149
89,100
X
89,100
D
TEXTRON
COM
883203 101
5,529
91,200
X
91,200
D
TIME WARNER, INC.
COM
887315 109
8,170
93,300
X
93,300
D
TIME WRNR 10.25 PIK PFD 7/1/16
PFD
887315 836
6,592
5,939
X
0
D
TNT POST GROUP NV
COM
548155 8
1,520
59,698
X
59,698
D
TOSHIBA CORP
COM
689721 7
999
277,000
X
277,000
D
TOTAL SA
COM
490541 3
4,122
32,721
X
32,721
D
TOWER AUTOMOTIVE
COM
891707 101
1,112
56,300
X
56,300
D
TRANSPORTATION MARITIMA ADR
COM
893868 208
1,053
247,700
X
247,700
D
TRAVELERS GROUP INC
COM
894190 107
8,141
217,099
X
217,099
D
TRAVELERS GROUP INC
COM
894190 10
1,549
41,300
X
41,300
D
TRAVIS BOATS & MOTORS INC
COM
894363 100
1,522
98,200
X
98,200
D
TRIBUNE CO
COM
896047 107
5,283
105,000
X
105,000
D
TYCO INTERNATIONAL LTD
COM
902124 106
6,022
109,000
X
109,000
D
U S A NETWORKS INC.
COM
902984 103
2,430
125,000
X
125,000
D
U S RENTALS INC
COM
902966 100
0
0
X
0
D
U.S. BANCORP
COM
902973 106
6,337
178,200
X
178,200
D
UNI-CHARM
COM
691148 5
865
22,100
X
22,100
D
UNICOM CORP.
COM
904911 104
3,924
105,000
X
105,000
D
UNIDANMARK A REGD
COM
491418 5
2,760
38,130
X
38,130
D
UNILEVER
COM
904784 501
3,994
65,200
X
65,200
D
UNILEVER NV CVA
COM
530974 6
3,215
51,100
X
51,100
D
UNION PACIFIC
COM
907818 108
512
12,000
X
12,000
D
UNITD TECH
COM
913017 109
3,600
47,100
X
47,100
D
UNITED HEALTHCARE CORP.
COM
910581 107
490
14,000
X
14,000
D
UNITED RENTALS INC.
COM
911363 109
703
29,356
X
29,356
D
UNOCAL
COM
915289 102
7,714
212,800
X
212,800
D
US BANCORP
COM
902973 10
2,024
56,900
X
56,900
D
US WEST INC.
COM
91273H 101
4,069
77,600
X
77,600
D
VALE DO RIO PREF B 0% 12/31/99
PFD
220015
0
28,000
X
0
D
VERILINK CORP.
COM
923432 108
668
150,500
X
150,500
D
VERITAS DGC INC.
COM
92343P 107
6
350
X
350
D
VIAG AG
COM
492924 2
1,987
3,040
X
3,040
D
VIATEL INC.
COM
925529 208
850
80,000
X
80,000
D
VIATEL INC. PFD SERIES A
PFD
925529 307
44
754
X
0
D
VIVENDI
COM
417592 6
5,527
27,760
X
27,760
D
VODAFONE GROUP PLC
COM
071921 0
2,998
258,300
X
258,300
D
WACHOVIA CORPORATION
COM
929771 103
5,183
60,800
X
60,800
D
WAL-MART STORES
COM
931142 10
4,619
84,550
X
84,550
D
WAL-MART STORES
COM
931142 103
15,841
290,000
X
290,000
D
WALT DISNEY
COM
254687 106
4,630
182,900
X
182,900
D
WARNACO GROUP, INC.-CL A
COM
934390 105
278
12,000
X
12,000
D
WARNER-LAMBERT CO.
COM
934488 10
3,824
50,650
X
50,650
D
WARNER-LAMBERT COMPANY
COM
934488 107
14,549
192,700
X
192,700
D
WASHINGTON FEDERAL SVGS & LN A
COM
938824 109
1,138
45,510
X
45,510
D
WASTE MANAGEMENT, INC.
COM
94106L 109
7,498
156,000
X
156,000
D
WERNER ENTERPRISES
COM
950755 108
354
22,500
X
22,500
D
WESTAMERICA BANCORP
COM
957090 10
232
8,000
X
8,000
D
WESTERN WIRELESS CORP.
COM
95988E 204
1,972
110,300
X
110,300
D
WESTFIELD AMERICA, INC.
COM
959910 100
1,713
100,000
X
100,000
D
WHITMAN CORP
COM
96647K 102
169
10,600
X
10,600
D
WHOLE FOODS MARKET INC
COM
966837 106
122
2,900
X
2,900
D
WILLIAMS COMPANIES,INC
COM
969457 100
12,943
450,200
X
450,200
D
WILMINGTON TRUST CORPORATION
COM
971807 10
832
16,000
X
16,000
D
WIND RIVER
COM
973149 107
3,071
65,000
X
65,000
D
WISCONSIN ENERGY CO.
COM
976657 106
3,320
105,200
X
105,200
D
WMC LIMITED
COM
695498 5
931
309,556
X
309,556
D
WOLVERINE WORLD WIDE, INC.
COM
978097 103
1,776
163,300
X
163,300
D
WPP GROUP PLC
COM
097404 2
1,133
245,700
X
245,700
D
XEROX
COM
984121 103
11,484
135,500
X
135,500
D
XILINX
COM
983919 101
7,102
202,900
X
202,900
D
YOUNG & RUBICAM INC.
COM
987425 105
284
10,000
X
10,000
D
ZENECA GROUP PLC
COM
098952 9
1,336
37,800
X
37,800
D
ZENECA INC
COM
98934D 106
5,345
152,714
X
152,714
GRAND TOTAL FOR FAIR MARKET VALUE
1,731,131
</TABLE>
