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: December 31, 1998
Check here if Amendment [ X ]; Amendment Number:
This Amendment (Check only one.): [ X ] is a restatement
[ X ] 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. December 31, 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 Growth and Income Fund, Inc.
First Investors Utilities Income Fund, Inc.
First Investors Life Series Blue Chip Fund, Inc.
First Investors Life Series Discovery 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: 8
Form 13F Information Table Entry Total 388
Form 13F Information Table Value Total: $1,332,171
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 Growth and Income Fund, Inc.
05 28-277 First Investors Utilities Income Fund, Inc.
06 28-277 First Investors Life Series Blue Chip Fund, Inc.
07 28-277 First Investors Life Series Discovery Fund, Inc.
08 28-277 First Investors Life Series Growth Fund, Inc.
<PAGE>
<TABLE>
<C>
<C>
NAME OF ISSUER
TITLE
CUSIP
FAIR
SHARES
INVESTMENT
MNGRS
VOTING AUTHORITY
OF
NUMBER
MARKET
OR PRICIPAL
DISCRETION
SOLE
SHARED
NONE
CLASS
VALUE
AMOUNT
D
ADC TELECOMMUNICATIONS INC
CSD
000886101
4031
116000
X
116000
D
Allied Domecq PLC
CSF
18508
1210
131200
X
131200
D
AT&T CORP
CSD
001957109
5305
70500
X
70500
D
ALLIED IRISH BANKS PLC
CSF
19783
3793
212650
X
212650
D
ABBOTT LABORATORIES
CSD
002824100
11564
236000
X
236000
D
ADOBE SYSTEMS INC.
CSD
00724F101
4946
105800
X
105800
D
Bank of Scotland
CSF
76454
2434
204000
X
204000
D
AGOURON PHARM INC.
CSD
008488108
2820
48000
X
48000
D
AIR PRODUCTS & CHEMICALS INC
CSD
009158106
2880
72000
X
72000
D
AIRTOUCH COMMUNICATIONS INC
CSD
00949T100
7537
104500
X
104500
D
BOC GROUP PLC
CSF
108120
1490
104190
X
104190
D
SMITHKLINE BEECHAM
CSF
135656
4216
301629
X
301629
D
BP AMOCO PLC
CSF
138495
3551
237805
X
237805
D
British Telecom PLC
CSF
140843
1671
110900
X
110900
D
Cable & Wireless Comms PLC
CSF
163787
1145
125400
X
125400
D
Allegiance Telecom, Inc.
CSD
01747T102
2072
170900
X
170900
D
ALLIED SIGNAL INC
CSD
019512102
1055
23800
X
23800
D
ALUMINUM CO AMER
CSD
022249106
9872
132400
X
132400
D
DIAGEO PLC
CSF
237400
2215
194608
X
194608
D
AMERICAN EXPRESS CO
CSD
025816109
10077
98550
X
98550
D
AMERICAN HOME PRODUCTS CORP
CSD
026609107
7484
132900
X
132900
D
AMERICAN INTERNATIONAL GROUP
CSD
026874107
15739
162892
X
162892
D
British American Tobacco
CSF
287580
2728
310200
X
310200
D
Compass Group PLC
CSF
288011
3217
280800
X
280800
D
AMERICAN ONCOLOGY RES INC
CSD
028910107
4622
317400
X
317400
D
AMERISOURCE HEALTH CORP.
CSD
03071P102
2405
37000
X
37000
D
ANALOG DEVICES INC
CSD
032654105
1868
59550
X
59550
D
ANHEUSER-BUSCH COS INC
CSD
035229103
4909
74800
X
74800
D
Glaxo Wellcome PLC
CSF
371784
2061
59900
X
59900
D
Applied Materials
CSD
038222105
5464
128000
X
128000
D
Great Universal Stores
CSF
384704
541
51300
X
51300
D
Next PLC
CSF
421861
2370
288400
X
288400
D
Colt Telecom Group
CSF
424699
716
48000
X
48000
D
Powergen PLC
CSF
443746
513
39000
X
39000
D
AUTOMATIC DATA PROCESSING
CSD
053015103
5212
65000
X
65000
D
AVERY DENNISON CORP
CSD
053611109
3578
79400
X
79400
D
National Westminster Bank
CSF
625395
1352
70100
X
70100
D
BANKAMERICA
CSD
06605F102
4299
71500
X
71500
D
Orange PLC
CSF
661496
1363
117300
X
117300
D
BAXTER INTERNATIONAL INC
CSD
071813109
1698
26400
X
26400
D
Vodafone Group PLC
CSF
719210
3269
201300
X
201300
D
Rentokil Initial PLC
CSF
732712
1266
168000
X
168000
D
Bear Stearns
CSD
073902108
1140
30500
X
30500
D
BECTON DICKINSON AND CO.
CSD
075887109
3914
91700
X
91700
D
BELL ATLANTIC CORP
CSD
077853109
4977
93900
X
93900
D
Scottish Power PLC
CSF
790828
1824
177500
X
177500
D
Siebe PLC
CSF
807041
1083
274700
X
274700
D
Standard Chartered PLC
CSF
840370
2121
183000
X
183000
D
BERINGER WINE ESTATES HLDGS
CSD
084102102
4661
104300
X
104300
D
BESTFOODS
CSD
08658U101
3807
71500
X
71500
D
ZENECA GROUP PLC
CSF
989529
1284
29500
X
29500
D
BRISTOL MYERS SQUIBB CO
CSD
110122108
11387
85100
X
85100
D
BULINGTON NORTHERN SANTA FE
CSD
12189T104
5012
148500
X
148500
D
C I T GROUP INC.
CSD
125577106
4772
150000
X
150000
D
C N F Transportaion, Inc.
CSD
12612W104
4132
110000
X
110000
D
CVS CORP
CSD
126650100
9193
167150
X
167150
D
CANADIAN NATL RY CO
CSF
136375102
2023
39000
X
39000
D
HSBC Holdings PLC 75P
CSF
400547
892
32900
X
32900
D
CENTURY TELEPHONE ENTERPRISES
CSD
156686107
1674
24800
X
24800
D
Chittenden Corp.
CSD
170228100
2790
87200
X
87200
D
CHANCELLOR MEDIA CORP
CSD
158915108
1690
35300
X
35300
D
CHARTER ONE FINCL INC
CSD
160903100
6275
226139
X
226139
D
CHASE MANHATTAN CORP NEW
CSD
16161A108
10556
155100
X
155100
D
CHEVRON CORP
CSD
166751107
8244
99400
X
99400
D
CHIREX INC
CSD
170038103
3219
150600
X
150600
D
CINAR FILMS INC
CSF
171905300
3410
134400
X
134400
D
CISCO SYSTEMS INC
CSD
17275R102
20595
221900
X
221900
D
CITADEL COMMUNICATIONS CO.
CSD
172853202
2857
110400
X
110400
D
CITICORP
CSD
172967101
8443
170575
X
170575
D
COCA-COLA CO
CSD
191216100
4273
63900
X
63900
D
COCA COLA ENTERPRISES
CSD
191219104
10514
294100
X
294100
D
COLUMBIA / HCA HEALTHCARE CP
CSD
197677107
941
38000
X
38000
D
COMCAST CORP.
CSD
200300200
8545
145600
X
145600
D
COMMERCIAL FEDERAL CORP
CSD
201647104
2029
87500
X
87500
D
COMMONWEALTH TEL ENTERPRISES
CSD
203349105
2982
89000
X
89000
D
COMPAQ COMPUTER CORP
CSD
204493100
12258
292300
X
292300
D
COMVERSE TECHNOLOGY INC.
CSD
205862402
3926
55300
X
55300
D
CONDOR TECHNOLOGY SOLUTIONS
CSD
206772105
2558
255800
X
255800
D
COSTCO COS INC
CSD
22160Q102
5486
76000
X
76000
D
TELESP PARTICIP PFD
CSF
2292720
360
15800000
X
15800000
D
Fingerhut Cos., Inc.
CSD
317867109
4817
312000
X
312000
D
Alternative Living Systems
CSD
02145K107
1999
58800
X
58800
D
DANAHER CORP.
CSD
235851102
5366
98800
X
98800
D
DELTA AIR LINES INC
CSD
247361108
2808
54000
X
54000
D
DIME BANCORP INC NEW
CSD
25429Q102
1451
54900
X
54900
D
WALT DISNEY CO
CSD
254687106
1653
55100
X
55100
D
DOW CHEMICAL
CSD
260543103
2455
27000
X
27000
D
DU PONT E I DE NEMOURS & CO
CSD
263534109
7779
146600
X
146600
D
DUKE ENERGY CORP
CSD
264399106
4443
69350
X
69350
D
DURA PHARMACEUTICALS INC
CSD
26632S109
5311
349700
X
349700
D
EMC CORP
CSD
268648102
11067
130200
X
130200
D
ETEC SYS INC
CSD
26922C103
3532
88300
X
88300
D
EARTHGRAINS CO
CSD
270319106
2596
83900
X
83900
D
Allianz AG
CSF
5231485
844
2300
X
2300
D
Infospace.com
CSD
45678T102
126
3300
X
3300
D
ECOLAB INC
CSD
278865100
1788
49400
X
49400
D
Hooper Holmes, Inc.
CSD
439104100
2166
74700
X
74700
D
Telefonica S.A. Bonus Rights
RTS
5595318
35
39400
X
39400
D
Embratel Participacoes - ADR
CSD
29081N100
472
33900
X
33900
D
ENDESA S A
CSF
29258N107
1291
47800
X
47800
D
ENRON CORP
CSD
293561106
8559
150000
X
150000
D
EXODUS COMMUNICATIONS INC
CSD
302088109
2300
35800
X
35800
D
EXXON CORP
CSD
302290101
19130
261600
X
261600
D
FPL GROUP INC
CSD
302571104
3408
55300
X
55300
D
Granada Group PLC
CSF
381125
311
17600
X
17600
D
FAMILY DOLLAR STORES INC.
CSD
307000109
4092
186000
X
186000
D
FEDERAL HOME LOAN MTG CORP
CSD
313400301
13087
203100
X
203100
D
FEDERAL NATL MTG ASSN
CSD
313586109
14267
192800
X
192800
D
FIRST DATA CORP
CSD
319963104
894
28200
X
28200
D
FIRST UNION CORP
CSD
337358105
10271
168900
X
168900
D
FOSSIL INC
CSD
349882100
2586
89950
X
89950
D
FOUR MEDIA CO
CSD
350872107
2520
310200
X
310200
D
FREDS INC
CSD
356108100
1556
103700
X
103700
D
GTE CORP
CSD
362320103
9367
138900
X
138900
D
GANNETT INC
CSD
364730101
8254
124700
X
124700
D
GAP INC
CSD
364760108
8044
143000
X
143000
D
GENERAL ELECTRIC CO
CSD
369604103
25454
249400
X
249400
D
GENERAL MILLS INC
CSD
370334104
11266
144900
X
144900
D
GILLETTE CO
CSD
375766102
1908
39500
X
39500
D
GLEASON CORP
CSD
377339106
1223
67500
X
67500
D
Gucci Group NV NY
CSF
401566104
846
17400
X
17400
D
GUIDANT CORP
CSD
401698105
6560
59500
X
59500
D
AXA-UAP
CSF
4026927
3348
23090
X
23090
D
ASS GEN DE FRANCE
CSF
4034737
950
15896
X
15896
D
Banca Comml Italiana
CSF
4072942
2439
352800
X
352800
D
BQE NATL PARIS
CSF
4133667
4175
50680
X
50680
D
EAUX(CIE GENERALE)
CSF
4175926
5614
21630
X
21630
D
Casino Guichard Perr
CSF
4178419
1208
11590
X
11590
D
ALCATEL ALST(CGE)
CSF
4216825
3344
27310
X
27310
D
HEALTH MANAGEMENT ASSOCIATES
CSD
421933102
4576
211600
X
211600
D
HEALTHCARE FINL PARTNERS INC
CSD
42219W108
1782
44700
X
44700
D
HERTZ CORP
CSD
428040109
4494
98500
X
98500
D
HEWLETT PACKARD CO
CSD
428236103
2914
42650
X
42650
D
Ericsson Tel B Fria
CSF
4321558
763
32040
X
32040
D
HOME DEPOT INC
CSD
437076102
8976
146700
X
146700
D
HOLDERBANK FINANCI
CSF
4420499
1918
1620
X
1620
D
ENI SpA
CSF
4436399
2145
327500
X
327500
D
KARSTADT AG
CSF
4484105
2115
4050
X
4050
D
ICG Communications, Inc.
CSD
449246107
4154
193200
X
193200
D
ITT HARTFORD GROUP INC
CSD
45068H106
7353
134000
X
134000
D
IDEXX LABORATORIES CORP
CSD
45168D104
3035
112800
X
112800
D
ILLINOIS TOOL WORKS INC
CSD
452308109
3596
62000
X
62000
D
IMPATH INC
CSD
45255G101
3289
124100
X
124100
D
IMRGLOBAL CORP
CSD
45321W106
6016
204350
X
204350
D
Incyte Pharmaceutical, Inc.
CSD
45337C102
2994
80100
X
80100
D
INGERSOLL-RAND CO
CSD
456866102
5661
120600
X
120600
D
INTEL CORP
CSD
458140100
11209
94540
X
94540
D
INTERFACE, INC.
CSD
458665106
1894
204100
X
204100
D
INTL BUSINESS MACHINES CORP
CSD
459200101
18161
98300
X
98300
D
INTERNATIONAL PAPER CO
CSD
460146103
2510
56000
X
56000
D
NESTLE SA
CSF
4616696
1189
546
X
546
D
IONICS INC
CSD
462218108
961
32100
X
32100
D
PHILIPS ELECTRONICS
CSF
4685209
2316
34500
X
34500
D
RENAULT SA
CSF
4712798
928
20650
X
20650
D
Repsol SA
CSF
4733227
807
15100
X
15100
D
RHONE-POULENC SA
CSF
4736817
694
13472
X
13472
D
Roche Hldgs Genussch
CSF
4745772
1586
130
X
130
D
JEFFERSON-PILOT CORP
CSD
475070108
3443
45900
X
45900
D
CIE DE ST-GOBAIN
CSF
4768371
2092
14810
X
14810
D
JOHNSON & JOHNSON
CSD
478160104
12967
154600
X
154600
D
JONES INTERCABLE INC
CSD
480206200
3388
95100
X
95100
D
JONES PHARMACEUTICAL, INC.
CSD
480236108
3960
108500
X
108500
D
ELF AQUITAINE
CSF
4824080
2200
19020
X
19020
D
KELLOGG CO
CSD
487836108
5999
175800
X
175800
D
KELLWOOD COMPANY
CSD
488044108
2445
97800
X
97800
D
Telefonica SA
CSF
4880822
1755
39400
X
39400
D
KENSEY NASH CORP
CSD
490057106
2188
271400
X
271400
D
TOTAL
CSF
4905413
2814
27777
X
27777
D
UNIDANMARK
CSF
4914185
2949
32640
X
32640
D
PHARMACIA & UPJOHN
CSF
4928335
3712
66280
X
66280
D
KIMBERLY CLARK CORP
CSD
494368103
1293
23725
X
23725
D
KIMCO REALTY CORP
CSD
49446R109
2778
70000
X
70000
D
Siemens AG
CSF
5047734
2484
38480
X
38480
D
NOVARTIS AG
CSF
5047842
1559
793
X
793
D
ING GROEP NV
CSF
5058877
2146
35169
X
35169
D
BAYER AG
CSF
5069211
2006
48050
X
48050
D
Hoechst AG
CSF
5070376
3167
76330
X
76330
D
METSA-SERLA OY
CSF
5071432
924
112690
X
112690
D
Lam Research Corp.
CSD
512807108
3771
211700
X
211700
D
France Telecom SA
CSF
5176177
1171
14730
X
14730
D
LAUDER ESTEE COS INC
CSD
518439104
5216
61000
X
61000
D
Hennes & Mauritz B fr
CSF
5195224
604
7400
X
7400
D
Royal Dutch Pertroleum
CSF
5202704
1006
20200
X
20200
D
Ahold NV
CSF
5252602
2563
69300
X
69300
D
ENDESA SA
CSF
5271782
1794
67600
X
67600
D
LEVEL ONE COMMUNICATIONS, INC.
CSD
527295109
3483
98100
X
98100
D
TELECOM ITALIA SPA
CSF
5297506
5534
647222
X
647222
D
UNILEVER NV
CSF
5309746
3036
35500
X
35500
D
NORDBANKEN HOLDING
CSF
5380031
2470
384980
X
384980
D
Nokia OYJ - Class A
CSF
5444498
3943
32200
X
32200
D
BCO SANTANDER SA
CSF
5454260
1598
80300
X
80300
D
MANNESMANN AG
CSF
5460955
2985
26030
X
26030
D
Aegon NV
CSF
5462307
2163
17600
X
17600
D
Paribas
CSF
5471730
2506
28820
X
28820
D
TNT Post Group NV
CSF
5481558
1501
46557
X
46557
D
UBS AG Reg
CSF
5485958
1146
3730
X
3730
D
LUCENT TECHNOLOGIES INC
CSD
549463107
6292
57200
X
57200
D
M B N A CORP.
CSD
55262L100
5810
233000
X
233000
D
MCI WORLDCOM, INC.
CSD
55268B106
14166
197429
X
197429
D
DaimlerChrysler AG
CSF
5529027
1340
13570
X
13570
D
Swisscom AG
CSF
5533976
3048
7280
X
7280
D
Greek Drachma
CSF
5560349
758
28300
X
28300
D
MANUFACTURED HOME CMNTYS INC
CSD
564682102
2058
82100
X
82100
D
MARSH & MCLENNAN COS INC
CSD
571748102
4470
76500
X
76500
D
MASCO CORP
CSD
574599106
4054
141000
X
141000
D
MCDONALDS CORP
CSD
580135101
7862
102600
X
102600
D
MCGRAW-HILL COMPANIES INC
CSD
580645109
6113
60000
X
60000
D
MEDICIS PHARM CORP
CSD
584690309
2123
35600
X
35600
D
MERCK & CO INC
CSD
589331107
9585
64900
X
64900
D
Mercury Interactive Corp.
CSD
589405109
1809
28600
X
28600
D
MERRILL LYNCH & CO INC
CSD
590188108
1155
17300
X
17300
D
MICROSOFT CORP
CSD
594918104
15783
113800
X
113800
D
Micron Electronics Inc.
CSD
595100108
9330
538900
X
538900
D
MIRAGE RESORTS INC
CSD
60462E104
1700
113800
X
113800
D
AUST & NZ BANK GRP
CSF
6065586
1895
289263
X
289263
D
MOBIL CORP
CSD
607059102
2004
23000
X
23000
D
China Telecom HK
CSF
6073556
1025
592800
X
592800
D
MOLECULAR DEVICES CORP.
CSD
60851C107
2060
94700
X
94700
D
Telstar Ltd. IR
CSF
6087289
1446
309014
X
309014
D
AMP Limited
CSF
6115715
2824
222671
X
222671
D
NTT Docomo 144a
CSF
6129277
2144
52
X
52
D
Bridgestone Corp
CSF
6132101
819
36000
X
36000
D
MORGAN STANLEY DEAN WITTER
CSD
617446448
1207
17000
X
17000
D
Cheung Kong
CSF
6190273
2173
302000
X
302000
D
MOTOROLA INC
CSD
620076109
7969
130500
X
130500
D
RIO TINTO LIMITED
CSF
6220103
852
71740
X
71740
D
NCO GROUP INC
CSD
628858102
1951
43350
X
43350
D
EISAI CO
CSF
6307200
1775
91000
X
91000
D
NATIONAL DATA CORP
CSD
635621105
2281
46860
X
46860
D
FUJI PHOTO FILM CO
CSF
6356525
1378
37000
X
37000
D
Netopia, Inc.
CSD
64114K104
785
115200
X
115200
D
NETWORK APPLIANCE INC
CSD
64120L104
2808
62400
X
62400
D
HSBC Hldgs PLC
CSF
6436502
1614
64800
X
64800
D
New Era of Networks, Inc.
CSD
644312100
1179
26800
X
26800
D
NEW PLAN EXCEL REALTY TRUST
CSD
648053106
0
0.2
X
0.2
D
ASAHI BANK-COMMON STOCKT-FOR
CSF
6499367
1134
309000
X
309000
D
NEWBRIDGE NETWORKS CORP.
CSD
650901101
3748
123400
X
123400
D
NEWFIELD EXPLORATION CO.
CSD
651290108
1760
84300
X
84300
D
N I C E Systems LTD
CSD
653656108
3088
142800
X
142800
D
MABUCHI MOTOR CO
CSF
6551030
989
12900
X
12900
D
MATSUMOTOKIYOSHI C
CSF
6572581
1054
27200
X
27200
D
MATSUSHITA COMMN IND
CSF
6572666
756
16000
X
16000
D
Sakura bank-common stock for
CSF
6598714
948
413000
X
413000
D
Nichiei Co., Ltd. Kyoto
CSF
6638892
830
10400
X
10400
D
NEC COPR
CSF
6640400
1180
128000
X
128000
D
Olympus Optical
CSF
6658801
1509
131000
X
131000
D
Pasminco Limited
CSF
6671080
908
1193829
X
1193829
D
ROHM CO
CSF
6747204
821
9000
X
9000
D
OGDEN CORP
CSD
676346109
2228
88900
X
88900
D
SONY CORP
CSF
6821506
1766
24200
X
24200
D
SUN HUNG KAI PROP
CSF
6859927
897
123000
X
123000
D
TAKEDA CHEM INDS LTD
CSF
6870445
1157
30000
X
30000
D
Advantest Corp.
CSF
6870490
844
13300
X
13300
D
Takefuji Corp
CSF
6876067
490
6700
X
6700
D
NEWS CORPORATION
CSF
6886925
589
89046
X
89046
D
TOSHIBA CORP
CSF
6897217
1366
229000
X
229000
D
UNI-CHARM CORP
CSF
6911485
799
17000
X
17000
D
PNC BK CORP
CSD
693475105
11615
214600
X
214600
D
PACIFICORP
CSD
695114108
6131
291100
X
291100
D
WMC LTD
CSF
6954985
740
245145
X
245145
D
YAMANOUCHI PHARM
CSF
6985383
645
20000
X
20000
D
Pediatrix Medical Group Inc.
CSD
705324101
2398
40000
X
40000
D
PEOPLESOFT INC
CSD
712713106
651
34400
X
34400
D
PEPSICO INC
CSD
713448108
9264
226300
X
226300
D
PHARMACIA & UPJOHN INC
CSD
716941109
2831
50000
X
50000
D
PFIZER INC
CSD
717081103
12004
95700
X
95700
D
PHILIP MORRIS COS INC
CSD
718154107
13322
249000
X
249000
D
PITNEY BOWES INC
CSD
724479100
2378
36000
X
36000
D
PRAXAIR INC
CSD
74005P104
740
21000
X
21000
D
PROCTER & GAMBLE CO
CSD
742718109
12061
132080
X
132080
D
PROGRESSIVE CORP.
CSD
743315103
4302
25400
X
25400
D
Qwest Communications Int'l Inc
CSD
749121109
5673
113468
X
113468
D
RELIANCE GROUP HLDGS INC
CSD
759464100
1545
120000
X
120000
D
RITE AID CORP
CSD
767754104
4054
81800
X
81800
D
ROYAL DUTCH PET CO
CSF
780257804
5692
118900
X
118900
D
SBC COMMUNICATIONS INC
CSD
78387G103
13481
251400
X
251400
D
SAFEWAY INC
CSD
786514208
4778
78400
X
78400
D
ST. PAUL
CSD
792860108
3475
100000
X
100000
D
SAKS INCORPORATED
CSD
79377W108
2449
77584
X
77584
D
SANMINA CORP
CSD
800907107
2386
38168
X
38168
D
SAVILLE SYS PLC
CSF
805174109
4514
237600
X
237600
D
SCHLUMBERGER LTD
CSD
806857108
1319
28600
X
28600
D
E W SCRIPPS CO
CSD
811054204
4229
85000
X
85000
D
SEQUENT COMPUTER SYSTEMS
CSD
817338106
2893
239800
X
239800
D
Servicemaster Company
CSD
81760N109
942
42700
X
42700
D
SOFTWARE A G SYSTEMS INC.
CSD
834025108
3757
207300
X
207300
D
SOUTHWEST AIRLS CO
CSD
844741108
2128
94825
X
94825
D
STAFFMARK INC
CSD
852389105
1007
45000
X
45000
D
STAGE STORES INC
CSD
85254C107
2263
241400
X
241400
D
STATE STR CORP
CSD
857477103
4000
57500
X
57500
D
Sterling Bancshares Inc.
CSD
858907108
1801
121100
X
121100
D
STERLING COMMERCE INC
CSD
859205106
3722
82700
X
82700
D
STMicroelectronics NV-NY Shs
CSF
861012102
1343
17200
X
17200
D
SUIZA FOODS CORP.
CSD
865077101
3499
68700
X
68700
D
Sunoco, Inc.
CSD
86764P109
9059
251200
X
251200
D
SYMANTEC CORP.
CSD
871503108
6830
314000
X
314000
D
SYNOPSYS INC
CSD
871607107
2376
43800
X
43800
D
TCF FINL CORP
CSD
872275102
1316
54400
X
54400
D
TLC LASER CENTER INC.
CSD
872934104
2647
129100
X
129100
D
Taiwan Semiconductor AP (ADR)
CSF
874039100
1546
108935
X
108935
D
TALBOTS, INC.
CSD
874161102
1914
61000
X
61000
D
TELE-COMM LIBERTY MEDIA
CSD
87924V507
9253
200875
X
200875
D
TELEFONICA DE ESPANA S A
CSF
879382208
1556
11497
X
11497
D
Telesp Celular PArticipa - ADR
CSD
87952L108
352
20100
X
20100
D
Teva Pharmaceutical Industries
CSD
881624209
1933
47500
X
47500
D
TEXTRON INC
CSD
883203101
4898
64500
X
64500
D
Time Warner, Inc.
CSD
887315109
7112
114600
X
114600
D
TRAVIS BOATS & MTRS INC
CSD
894363100
1849
90200
X
90200
D
TRIBUNE CO.
CSD
896047107
5498
83300
X
83300
D
Trigon Healthcare Inc.
CSD
89618L100
2187
58600
X
58600
D
TYCO INTERNATIONAL LTD NEW
CSD
902124106
6065
80400
X
80400
D
US BANCORP
CSD
902973106
1576
44400
X
44400
D
U S Lec Corp.
CSD
90331S109
2671
180300
X
180300
D
UNILEVER N V
CSF
904784501
3848
46400
X
46400
D
UNITED TECHNOLOGIES CORP
CSD
913017109
3589
33000
X
33000
D
UNOCAL CORP
CSD
915289102
2884
98800
X
98800
D
Veritas DGC, Inc
CSD
92343P107
1902
146300
X
146300
D
Visx incorporated
CSD
92844S105
2186
25000
X
25000
D
WACHOVIA CORP
CSD
929771103
4372
50000
X
50000
D
WAL MART STORES INC
CSD
931142103
19789
243000
X
243000
D
WARNER LAMBERT CO
CSD
934488107
14075
187200
X
187200
D
WASHINGTON MUTUAL INC
CSD
939322103
4964
130000
X
130000
D
WASTE MANAGEMENT INC
CSD
94106L109
3935
84400
X
84400
D
WELLS FARGO & CO
CSD
949746101
6178
154700
X
154700
D
Westamerica Bancorp
CSD
957090103
2154
58600
X
58600
D
Whole Foods Market
CSD
966837106
6028
124600
X
124600
D
WIND RIVER SYSTEMS, INC.
CSD
973149107
2472
52600
X
52600
D
WISCONSIN ENERGY CORP
CSD
976657106
2829
90000
X
90000
D
WOLVERINE WORLD WIDE INC
CSD
978097103
3037
229200
X
229200
D
XILINX INC.
CSD
983919101
2514
38600
X
38600
D
XEROX CORP
CSD
984121103
11576
98100
X
98100
D
ZENECA GROUP PLC
CSF
98934D106
4744
105714
X
105714
D
ACE LTD
CSD
G0070K103
6027
175000
X
175000
D
Tommy Hilfiger Corp.
CSD
G8915Z102
3750
62500
X
62500
D
New Dimension Software Ltd
CSF
M74295102
1574
32700
X
32700
D
ORCKIT COMMUNICATIONS
CSD
M7531S107
3519
217400
X
217400
D
ASM LITHOGRAPHY HOLDING NV
CSD
N07059111
7625
250000
X
250000
D
FLEXTRONICS INTL LTD
CSD
Y2573F102
3254
38000
X
38000
GRAND TOTAL FOR FAIR MARKET VALUE
1332171
</TABLE>
