UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Guardian Investor Services Corporation
Address: 201 Park Avenue South
New York, NY 10003
13F File Number: 28-02098
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Frank L. Pepe
Title: Vice President/Treasurer
Phone: 212-598-8445
Signature, Place, and Date of Signing:
Frank L. Pepe New York, NY July 30, 1999
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 549
Form 13F Information Table Value Total: $6,954,000,037
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
`
<TABLE>
GUARDIAN STOCK FUND, INC.
FORM 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C> <C><C> <C> <C>
NAME OF ISSUER TITLE OF CUSIP MKT VAL SHRS/PRINV DISCRETION VOTING AUTHORITY (SHARES)
CLASS NUMBER SOLESHRDOTHRMGR A-SOLE B-SHRDC-NONE
TRANSOCEAN OFFSHORE INC ORD G9007610 8,190,000 312,000 X 01 312,000 0 0
AFC CABLE SYS INC COM 00095010 1,518,438 43,000 X 01 43,000 0 0
AT & T CORP COM 00195710 47,465,908 850,453 X 01 850,453 0 0
ABERCROMBIE AND FITCH CO CL A 00289620 7,680,000 160,000 X 01 160,000 0 0
ACNIELSON CORP COM 00483310 3,327,500 110,000 X 01 110,000 0 0
ADAPTEC INC COM 00651F10 8,905,813 252,200 X 01 252,200 0 0
ADELPHIA COMMUNICATIONS CORP CL A 00684810 13,513,950 212,400 X 01 212,400 0 0
ADVANCED MICRO DEVICES INC COM 00790310 12,138,000 672,000 X 01 672,000 0 0
ALBERTSONS INC COM 01310410 6,703,125 130,000 X 01 130,000 0 0
ALLIANT TECHSYSTEMS INC COM 01880410 5,025,650 58,100 X 01 58,100 0 0
AMERICA ONLINE INC DEL COM 02364J10 41,647,450 376,900 X 01 376,900 0 0
AMERICAN EXPRESS CO COM 02581610 38,308,800 294,400 X 01 294,400 0 0
AMERICAN GEN CORP COM 02635110 10,130,400 134,400 X 01 134,400 0 0
AMERICAN INTL GROUP INC COM 02687410 25,168,438 215,000 X 01 215,000 0 0
AMERITECHCORP COM 03095410 51,655,800 702,800 X 01 702,800 0 0
AMGEN INC COM 03116210 14,670,875 241,000 X 01 241,000 0 0
ANADARKO PETE CORP COM 03251110 9,273,069 251,900 X 01 251,900 0 0
ANHEUSER BUSCH COS INC COM 03522910 19,592,938 276,200 X 01 276,200 0 0
APACHE CORP COM 03741110 9,110,400 233,600 X 01 233,600 0 0
APPLE COMPUTER COM 03783310 11,420,663 246,600 X 01 246,600 0 0
APPLIED MATERIALS INC COM 03822210 13,371,375 181,000 X 01 181,000 0 0
AT HOME CORP COM 04591910 5,945,639 110,232 X 01 110,232 0 0
ASTORIA FINL CORP COM 04626510 9,218,088 209,800 X 01 209,800 0 0
AVIS RENTA CAR INC COM 05379010 873,750 30,000 X 01 30,000 0 0
BJS WHSL CLUB INC COM 05548J10 10,368,556 344,900 X 01 344,900 0 0
BMC SOFTWARE INC COM 05592110 10,800,000 200,000 X 01 200,000 0 0
BANK OF AMERICA CORP COM 06050510 23,020,125 314,000 X 01 314,000 0 0
BANK NEW YORK INC COM 06405710 9,538,750 260,000 X 01 260,000 0 0
BANK ONE CORP COM 06423A10 33,652,813 565,000 X 01 565,000 0 0
BANKATLANTIC BANCORP INC CL B 06590810 1,159,438 142,700 X 01 142,700 0 0
BANKATLANTIC BANCORP INC CL A 06590850 1,772,988 244,550 X 01 244,550 0 0
BASIN EXPL INC COM 07010710 4,112,813 205,000 X 01 205,000 0 0
BELL ATLANTIC CORP COM 07785310 20,266,250 310,000 X 01 310,000 0 0
BERKSHIREHATHAWAY INC DEL CL B 08467020 15,592,640 6,961 X 01 6,961 0 0
BEST BUY CO INC COM 08651610 16,726,500 247,800 X 01 247,800 0 0
BIOGEN INC COM 09059710 10,933,125 170,000 X 01 170,000 0 0
BRISTOL MYERS SQUIBB CO COM 11012210 51,813,825 735,600 X 01 735,600 0 0
BURLINGTON RES INC COM 12201410 10,155,100 234,800 X 01 234,800 0 0
CBS CORP COM 12490K10 27,165,813 625,400 X 01 625,400 0 0
CVS CORP COM 12665010 12,762,204 251,472 X 01 251,472 0 0
CALIFORNIA FED BK LOS ANGELES 2ND LIT 13020970 32,110 27,040 X 01 27,040 0 0
CALLON PETE CO DEL COM 13123X10 90,750 8,800 X 01 8,800 0 0
CAMBREX CORP COM 13201110 2,942,625 112,100 X 01 112,100 0 0
CARNIVAL CORP COM 14365810 19,400,000 400,000 X 01 400,000 0 0
CHANCELLOR MEDIA CORP COM 15891510 4,415,513 80,100 X 01 80,100 0 0
CHARTER ONE FINL INC COM 16090310 4,986,142 179,277 X 01 179,277 0 0
CHASE MANHATTAN CORP NEW COM 16161A10 42,281,663 488,100 X 01 488,100 0 0
CHEVRON CORP COM 16675110 21,893,125 230,000 X 01 230,000 0 0
CHICAGO TITLE CORP COM 16822810 3,076,263 86,200 X 01 86,200 0 0
CISCO SYS INC COM 17275R10 43,302,000 672,000 X 01 672,000 0 0
CITIGROUP INC COM 17296710 33,558,750 706,500 X 01 706,500 0 0
CLEAR CHANNEL COMMUNICATIONS COM 18450210 13,098,125 190,000 X 01 190,000 0 0
COAST FEDERAL LITIGATION TR RT 19034Q11 21,250 20,000 X 01 20,000 0 0
COASTAL CORP COM 19044110 8,660,000 216,500 X 01 216,500 0 0
COMCAST CORP CL A 20030020 12,684,375 330,000 X 01 330,000 0 0
COMPUTER ASSOC INTL INC COM 20491210 12,100,000 220,000 X 01 220,000 0 0
CONOCO INC CL A 20825130 6,578,500 236,000 X 01 236,000 0 0
CONSOLIDATED EDISON INC COM 20911510 6,923,250 153,000 X 01 153,000 0 0
CONTINENTAL AIRLS INC CL B 21079530 5,681,375 151,000 X 01 151,000 0 0
COSTCO COS INC COM 22160Q10 11,208,750 140,000 X 01 140,000 0 0
CRITICAL PATH INC COM 22674V10 2,135,063 38,600 X 01 38,600 0 0
CROSSMANN CMNTYS INC COM 22764E10 479,531 16,500 X 01 16,500 0 0
DQE COM 23329J10 6,339,750 158,000 X 01 158,000 0 0
D.R.HORTON INC COM 23331A10 2,493,750 150,000 X 01 150,000 0 0
DST SYS INC DEL COM 23332610 1,697,625 27,000 X 01 27,000 0 0
DAYTON HUDSON CORP COM 23975310 17,738,500 272,900 X 01 272,900 0 0
DELPHI AUTOMOTIVE SYS CORP COM 24712610 2,983,978 160,753 X 01 160,753 0 0
DELTA AIRLINES INC DE COM 24736110 8,125,125 141,000 X 01 141,000 0 0
DEVON ENERGY CORP COM 25179910 5,122,975 143,300 X 01 143,300 0 0
DIAL CORPNEW COM 25247D10 13,580,875 365,200 X 01 365,200 0 0
DIME BANCORP INC NEW COM 25429Q10 4,427,500 220,000 X 01 220,000 0 0
DOUBLECLICK INC COM 25860930 5,468,300 59,600 X 01 59,600 0 0
DUKE ENERGY CO COM 26439910 7,978,988 146,740 X 01 146,740 0 0
DUN & BRADSTREET CORP DEL COM 26483B10 13,335,131 376,300 X 01 376,300 0 0
E M C CORP MASS COM 26864810 44,539,000 809,800 X 01 809,800 0 0
EARTHGRAINS CO COM 27031910 1,878,840 72,788 X 01 72,788 0 0
EBAY INC COM 27864210 8,961,400 59,200 X 01 59,200 0 0
ENERGY EAST CORP COM 29266M10 4,149,600 159,600 X 01 159,600 0 0
ETHAN ALLEN INTERIORS INC COM 29760210 11,664,750 309,000 X 01 309,000 0 0
EXXON CORP COM 30229010 37,775,825 489,800 X 01 489,800 0 0
FDX CORP COM 31304N10 9,840,950 181,400 X 01 181,400 0 0
FEDERAL HOME LN MTG CORP COM 31340030 14,987,200 258,400 X 01 258,400 0 0
FEDERAL NATL MTG ASSN COM 31358610 10,707,525 156,600 X 01 156,600 0 0
FIFTH THIRD BANCORP COM 31677310 9,318,750 140,000 X 01 140,000 0 0
FIRSTAR CORP WIS COM 33763V10 9,072,000 324,000 X 01 324,000 0 0
FIRSTMERIT CORP COM 33791510 1,683,750 60,000 X 01 60,000 0 0
FLEET FINL GROUP INC COM 33891510 13,534,375 305,000 X 01 305,000 0 0
FORD MTR CO DEL COM 34537010 55,026,563 975,000 X 01 975,000 0 0
FURNITURE BRANDS INTL INC COM 36092110 1,711,525 61,400 X 01 61,400 0 0
GTE CORP COM 36232010 37,496,250 495,000 X 01 495,000 0 0
GAP INC COM 36476010 24,557,813 487,500 X 01 487,500 0 0
GENERAL ELEC CO COM 36960410 73,585,600 651,200 X 01 651,200 0 0
GENERAL MTRS CORP COM 37044210 15,180,000 230,000 X 01 230,000 0 0
GEORGIA PAC CORP COM 37329810 8,707,525 183,800 X 01 183,800 0 0
GOLDEN ST BANCORP INC WT 38119713 52,500 40,000 X 01 40,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G10 2,102,475 29,100 X 01 29,100 0 0
HALLIBURTON CO COM 40621610 17,466,500 386,000 X 01 386,000 0 0
HAMBRECHT & QUIST GROUP INC COM 40654510 5,011,875 135,000 X 01 135,000 0 0
HEWLETT PACKARD CO COM 42823610 54,069,000 538,000 X 01 538,000 0 0
HOME DEPOT INC COM 43707610 36,213,875 562,000 X 01 562,000 0 0
HUDSON UTD BANCORP COM 44416510 2,584,107 84,379 X 01 84,379 0 0
INFINITY BROADCASTING CORP NEWCL A 45662S10 21,991,200 739,200 X 01 739,200 0 0
INTEL CORP COM 45814010 74,392,850 1,250,300 X 01 1,250,30 0 0
INTERNATIONAL BUSINESS MACHS COM 45920010 169,188,250 1,309,000 X 01 1,309,00 0 0
INTERNATIONAL PAPER CO COM 46014610 17,225,550 341,100 X 01 341,100 0 0
INVESTMENT TECHNOLOGY GROUP COM 46145F10 10,942,750 338,000 X 01 338,000 0 0
IPALCO ENTERPRISES COM 46261310 6,631,688 313,000 X 01 313,000 0 0
JEFFRIES GROUP INC NEW COM 47231910 10,140,000 338,000 X 01 338,000 0 0
JEFFERSON PILOT CORP COM 47507010 3,574,125 54,000 X 01 54,000 0 0
JOHNSON & JOHNSON COM 47816010 16,758,000 171,000 X 01 171,000 0 0
JONES APPAREL GROUP INC COM 48007410 6,725,250 196,000 X 01 196,000 0 0
KANSAS CITY SOUTHN INDS INC COM 48517010 20,381,713 319,400 X 01 319,400 0 0
KROGER CO COM 50104410 20,394,375 730,000 X 01 730,000 0 0
LEGG MASON INC COM 52490110 3,362,282 87,332 X 01 87,332 0 0
LEHMAN BROTHERS HLDGS INC COM 52490810 9,872,850 158,600 X 01 158,600 0 0
LENNAR CORP COM 52605710 3,480,000 145,000 X 01 145,000 0 0
LEXMARK INTL GROUP INC CL A 52977110 43,363,425 656,400 X 01 656,400 0 0
LIBERTY FINL COS INC COM 53051210 3,007,739 103,270 X 01 103,270 0 0
LONE STAR INDS INC COM 54229040 5,927,363 157,800 X 01 157,800 0 0
LOWES COS INC COM 54866110 10,793,300 190,400 X 01 190,400 0 0
LUCENT TECHNOLOGIES INC COM 54946310 71,949,069 1,066,900 X 01 1,066,90 0 0
M & T BK CORP COM 55261F10 12,444,850 22,627 X 01 22,627 0 0
MCI WORLDCOM INC COM 55268B10 86,545,139 1,005,608 X 01 1,005,60 0 0
MARITRANS INC COM 57036310 1,879,875 334,200 X 01 334,200 0 0
MARTIN MARIETTA MATLS INC COM 57328410 4,699,350 79,650 X 01 79,650 0 0
MEDIAONE GROUP INC COM 58440J10 27,972,438 376,100 X 01 376,100 0 0
MEDIMMUNE INC COM 58469910 4,261,475 62,900 X 01 62,900 0 0
MEDTRONIC INC COM 58505510 27,969,897 359,164 X 01 359,164 0 0
MELLON BK CORP COM 58550910 14,331,750 394,000 X 01 394,000 0 0
MERCK & CO INC COM 58933110 53,265,200 719,800 X 01 719,800 0 0
MERRILL LYNCH & CO INC COM 59018810 9,912,250 124,000 X 01 124,000 0 0
MICROSOFT CORP COM 59491810 191,089,275 2,118,800 X 01 2,118,80 0 0
MICRON TECHNOLOGY INC COM 59511210 22,171,875 550,000 X 01 550,000 0 0
MINDSPRING ENTERPRISES INC COM 60268310 6,115,125 138,000 X 01 138,000 0 0
MONSANTO CO COM 61166210 7,335,375 186,000 X 01 186,000 0 0
MONTANA PWR CO COM 61208510 13,063,650 185,300 X 01 185,300 0 0
MORGAN J P & CO INC COM 61688010 20,906,400 148,800 X 01 148,800 0 0
MORGAN KEEGAN INC COM 61741010 7,273,420 384,075 X 01 384,075 0 0
MORGAN STANLEY DEAN WITTER COM 61744644 20,397,500 199,000 X 01 199,000 0 0
MOTOROLA INC COM 62007610 38,847,500 410,000 X 01 410,000 0 0
NAVISTAR INTL CORP INC COM 63934E10 8,430,000 168,600 X 01 168,600 0 0
NEW CENTYENERGIES INC COM 64352U10 2,503,406 64,500 X 01 64,500 0 0
NEWFIELD EXPL CO COM 65129010 2,110,063 74,200 X 01 74,200 0 0
NIELSEN MEDIA RESH INC COM 65392930 1,736,456 59,366 X 01 59,366 0 0
NISOURCE INC COM 65473P10 1,497,125 58,000 X 01 58,000 0 0
NORTEL NETWORKS CORP COM 65656910 30,297,563 349,000 X 01 349,000 0 0
NORTH FORK BANCORPORATION INC COM 65942410 9,104,700 427,200 X 01 427,200 0 0
NOVELL INC COM 67000610 24,599,950 928,300 X 01 928,300 0 0
ORACLE CORP COM 68389X10 27,565,313 742,500 X 01 742,500 0 0
OUTBACK STEAKHOUSE INC COM 68989910 5,570,581 141,700 X 01 141,700 0 0
PAINE WEBBER GROUP INC COM 69562910 9,508,950 203,400 X 01 203,400 0 0
PATTERSON DENTAL CO COM 70341210 938,250 27,000 X 01 27,000 0 0
PFIZER INC COM 71708110 81,939,350 746,600 X 01 746,600 0 0
PITNEY BOWES INC COM 72447910 14,777,500 230,000 X 01 230,000 0 0
PREMIER BANCSHARES INC GA COM 73990910 1,373,438 75,000 X 01 75,000 0 0
PREMIER NATL BANCORP INC COM 74053F10 4,853,891 247,332 X 01 247,332 0 0
QUALCOMM INC COM 74752510 12,197,500 85,000 X 01 85,000 0 0
RAGEN MACKENZIE GROUP INC COM 75064210 368,125 31,000 X 01 31,000 0 0
REINSURANCE GROUP OF AMERICA COM 75935120 3,366,750 100,500 X 01 100,500 0 0
ROSS STORES INC COM 77829610 8,009,625 159,000 X 01 159,000 0 0
SBC COMMUNICATIONS INC COM 78387G10 7,284,800 125,600 X 01 125,600 0 0
SAFEWAY INC COM 78651420 21,304,305 430,390 X 01 430,390 0 0
SAKS INC COM 79377W10 6,886,688 238,500 X 01 238,500 0 0
SCHERING PLOUGH CORP COM 80660510 28,185,400 531,800 X 01 531,800 0 0
SCHLUMBERGER LTD COM 80685710 16,176,625 254,000 X 01 254,000 0 0
SCHWAB CHARLES CORP COM 80851310 23,106,713 210,300 X 01 210,300 0 0
SEA CONTAINERS LTD CL A 81137170 1,510,313 45,000 X 01 45,000 0 0
SEAGATE TECHNOLOGY COM 81180410 4,925,125 192,200 X 01 192,200 0 0
SEPRACOR INC COM 81731510 17,103,125 210,500 X 01 210,500 0 0
SOLECTRON CORP COM 83418210 13,737,625 206,000 X 01 206,000 0 0
SOUTHDOWN INC COM 84129710 6,593,335 102,620 X 01 102,620 0 0
SOVEREIGN BANCORP INC COM 84590510 5,798,175 478,200 X 01 478,200 0 0
SPRINT CORP COM FON 85206110 22,286,875 422,000 X 01 422,000 0 0
SPRINT CORP COM PCS 85206150 6,026,688 105,500 X 01 105,500 0 0
STATE AUTO FINL CORP COM 85570710 2,916,000 216,000 X 01 216,000 0 0
SUN MICROSYSTEMS INC COM 86681010 50,664,450 735,600 X 01 735,600 0 0
SUNGARD DATA SYS INC COM 86736310 12,016,350 348,300 X 01 348,300 0 0
SUNTRUST BKS INC COM 86791410 12,082,125 174,000 X 01 174,000 0 0
TJX COS INC NEW COM 87254010 12,552,150 376,800 X 01 376,800 0 0
TANDY CORP COM 87538210 24,437,500 500,000 X 01 500,000 0 0
TEXACO INC COM 88169410 25,187,500 403,000 X 01 403,000 0 0
TEXAS INSTRS INC COM 88250810 19,140,000 132,000 X 01 132,000 0 0
TEXAS UTILS CO COM 88284810 7,012,500 170,000 X 01 170,000 0 0
TEXTRON INC COM 88320310 25,516,875 310,000 X 01 310,000 0 0
TIME WARNER INC COM 88731510 46,172,700 628,200 X 01 628,200 0 0
TOOTSIE ROLL INDS INC COM 89051610 1,586,329 41,070 X 01 41,070 0 0
TRANSAMERICA CORP COM 89348510 12,000,000 160,000 X 01 160,000 0 0
TYCO INTL LTD NEW COM 90212410 25,146,650 265,400 X 01 265,400 0 0
UNION PACCORP COM 90781810 10,962,750 188,000 X 01 188,000 0 0
UNIONBANCAL CORP COM 90890610 5,364,563 148,500 X 01 148,500 0 0
U S TR CORP NEW COM 91288L10 2,127,500 23,000 X 01 23,000 0 0
UNITED TECHNOLOGIES CORP COM 91301710 26,221,424 365,774 X 01 365,774 0 0
VALASSIS COMMUNICATIONS INC COM 91886610 10,438,125 285,000 X 01 285,000 0 0
VASTAR RES INC COM 92238010 7,975,744 152,100 X 01 152,100 0 0
VIACOM INC CL B 92552430 13,904,000 316,000 X 01 316,000 0 0
VODAFONE AIRTOUCH PLC ADR 92857T10 22,655,000 115,000 X 01 115,000 0 0
VULCAN MATLS CO COM 92916010 6,615,075 137,100 X 01 137,100 0 0
WAL MART STORES INC COM 93114210 68,852,750 1,427,000 X 01 1,427,00 0 0
WALGREEN CO COM 93142210 6,462,500 220,000 X 01 220,000 0 0
WARNER LAMBERT CO COM 93448810 18,245,625 263,000 X 01 263,000 0 0
WEBSTER FINL CORP WATERBURY COM 94789010 1,166,375 43,000 X 01 43,000 0 0
WENDYS INTL INC COM 95059010 6,608,138 233,400 X 01 233,400 0 0
XILINX INC COM 98391910 26,907,500 470,000 X 01 470,000 0 0
XEROX CORP COM 98412110 6,201,563 105,000 X 01 105,000 0 0
YAHOO INC COM 98433210 10,851,750 63,000 X 01 63,000 0 0
ZIONS BANCORP COM 98970110 9,334,500 147,000 X 01 147,000 0 0
</TABLE>
<TABLE>
GUARDIAN PARK AVENUE FUND, INC.
FORM 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NAME OF ISSUER TITLE OF CUSIP MKT VAL SHRS/PRIINV DISCRETION VOTING AUTHORITY (SHARES)
CLASS NUMBER SOLE SHRD OTHR MGR A-SOLE B-SHRDC-NONE
TRANSOCEAN OFFSHORE INC ORD G90076103 7,665,000 292,000 X 01 292,000 0 0
AFC CABLE SYS INC COM 000950105 1,412,500 40,000 X 01 40,000 0 0
AT & T CORP COM 001957109 46,344,747 830,365 X 01 830,365 0 0
ABERCROMBIE AND FITCH CO CL A 002896207 7,200,000 150,000 X 01 150,000 0 0
ACNIELSON CORP COM 004833109 2,722,500 90,000 X 01 90,000 0 0
ADAPTEC INC COM 00651F108 8,217,219 232,700 X 01 232,700 0 0
ADELPHIA COMMUNICATIONS CORP CL A 006848105 12,476,863 196,100 X 01 196,100 0 0
ADVANCED MICRO DEVICES INC COM 007903107 11,252,938 623,000 X 01 623,000 0 0
ALBERTSONS INC COM 013104104 6,187,500 120,000 X 01 120,000 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 5,060,250 58,500 X 01 58,500 0 0
AMERICA ONLINE INC DEL COM 02364J104 38,531,350 348,700 X 01 348,700 0 0
AMERICAN EXPRESS CO COM 025816109 39,349,800 302,400 X 01 302,400 0 0
AMERICAN GEN CORP COM 026351106 9,271,125 123,000 X 01 123,000 0 0
AMERICAN INTL GROUP INC COM 026874107 23,412,500 200,000 X 01 200,000 0 0
AMERITECHCORP COM 030954101 50,031,450 680,700 X 01 680,700 0 0
AMGEN INC COM 031162100 13,575,125 223,000 X 01 223,000 0 0
ANADARKO PETE CORP COM 032511107 8,558,906 232,500 X 01 232,500 0 0
ANHEUSER BUSCH COS INC COM 035229103 18,202,563 256,600 X 01 256,600 0 0
APACHE CORP COM 037411105 8,424,000 216,000 X 01 216,000 0 0
APPLE COMPUTER COM 037833100 10,545,356 227,700 X 01 227,700 0 0
APPLIED MATERIALS INC COM 038222105 12,411,000 168,000 X 01 168,000 0 0
AT HOME CORP COM 045919107 5,484,797 101,688 X 01 101,688 0 0
ASTORIA FINL CORP COM 046265104 5,562,488 126,600 X 01 126,600 0 0
AVIS RENT A CAR INC COM 053790101 847,538 29,100 X 01 29,100 0 0
BJS WHSL CLUB INC COM 05548J106 9,571,900 318,400 X 01 318,400 0 0
BMC SOFTWARE INC COM 055921100 9,990,000 185,000 X 01 185,000 0 0
BANK OF AMERICA CORP COM 060505104 21,114,000 288,000 X 01 288,000 0 0
BANK NEW YORK INC COM 064057102 9,538,750 260,000 X 01 260,000 0 0
BANK ONE CORP COM 06423A103 30,674,688 515,000 X 01 515,000 0 0
BANKATLANTIC BANCORP INC CL B 065908105 797,063 98,100 X 01 98,100 0 0
BANKATLANTIC BANCORP INC CL A 065908501 1,428,199 196,993 X 01 196,993 0 0
BASIN EXPL INC COM 070107107 4,792,931 238,900 X 01 238,900 0 0
BELL ATLANTIC CORP COM 077853109 20,266,250 310,000 X 01 310,000 0 0
BERKSHIREHATHAWAY INC DEL CL B 084670207 17,404,800 7,770 X 01 7,770 0 0
BEST BUY CO INC COM 086516101 15,052,500 223,000 X 01 223,000 0 0
BIOGEN INC COM 090597105 10,032,750 156,000 X 01 156,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 48,052,463 682,200 X 01 682,200 0 0
BURLINGTON RES INC COM 122014103 9,363,625 216,500 X 01 216,500 0 0
CBS CORP COM 12490K107 25,154,656 579,100 X 01 579,100 0 0
CVS CORP COM 126650100 13,294,267 261,956 X 01 261,956 0 0
CALIFORNIA FED BK LOS ANGELES 2ND LIT 130209703 19,000 16,000 X 01 16,000 0 0
CALLON PETE CO DEL COM 13123X102 83,531 8,100 X 01 8,100 0 0
CAMBREX CORP COM 132011107 2,454,375 93,500 X 01 93,500 0 0
CARNIVAL CORP COM 143658102 19,400,000 400,000 X 01 400,000 0 0
CHANCELLOR MEDIA CORP COM 158915108 4,051,688 73,500 X 01 73,500 0 0
CHARTER ONE FINL INC COM 160903100 6,316,386 227,106 X 01 227,106 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 39,041,888 450,700 X 01 450,700 0 0
CHEVRON CORP COM 166751107 20,274,938 213,000 X 01 213,000 0 0
CHICAGO TITLE CORP COM 168228104 2,701,544 75,700 X 01 75,700 0 0
CISCO SYS INC COM 17275R102 40,080,125 622,000 X 01 622,000 0 0
CITIGROUP INC COM 172967101 30,993,750 652,500 X 01 652,500 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 12,064,063 175,000 X 01 175,000 0 0
COAST FEDERAL LITIGATION TR RT 19034Q110 21,250 20,000 X 01 20,000 0 0
COASTAL CORP COM 190441105 7,988,000 199,700 X 01 199,700 0 0
COMCAST CORP CL A 200300200 11,915,625 310,000 X 01 310,000 0 0
COMPUTER ASSOC INTL INC COM 204912109 11,000,000 200,000 X 01 200,000 0 0
CONOCO INC CL A 208251306 6,068,388 217,700 X 01 217,700 0 0
CONSOLIDATED EDISON INC COM 209115104 7,873,500 174,000 X 01 174,000 0 0
CONTINENTAL AIRLS INC CL B 210795308 3,762,500 100,000 X 01 100,000 0 0
COSTCO COS INC COM 22160Q102 10,408,125 130,000 X 01 130,000 0 0
CRITICAL PATH INC COM 22674V100 1,969,125 35,600 X 01 35,600 0 0
CROSSMANN CMNTYS INC COM 22764E109 479,531 16,500 X 01 16,500 0 0
DQE COM 23329J104 5,938,500 148,000 X 01 148,000 0 0
D.R.HORTON INC COM 23331A109 2,493,750 150,000 X 01 150,000 0 0
DST SYS INC DEL COM 233326107 1,697,625 27,000 X 01 27,000 0 0
DAYTON HUDSON CORP COM 239753106 16,380,000 252,000 X 01 252,000 0 0
DELPHI AUTOMOTIVE SYS CORP COM 247126105 2,789,368 150,269 X 01 150,269 0 0
DELTA AIRLINES INC DE COM 247361108 7,491,250 130,000 X 01 130,000 0 0
DEVON ENERGY CORP COM 251799102 4,722,575 132,100 X 01 132,100 0 0
DIAL CORPNEW COM 25247D101 12,521,031 336,700 X 01 336,700 0 0
DIME BANCORP INC NEW COM 25429Q102 4,427,500 220,000 X 01 220,000 0 0
DOUBLECLICK INC COM 258609304 5,046,250 55,000 X 01 55,000 0 0
DUKE ENERGY CO COM 264399106 11,117,730 204,464 X 01 204,464 0 0
DUN & BRADSTREET CORP DEL COM 26483B106 12,296,813 347,000 X 01 347,000 0 0
E M C CORP MASS COM 268648102 40,799,000 741,800 X 01 741,800 0 0
EARTHGRAINS CO COM 270319106 1,693,610 65,612 X 01 65,612 0 0
EBAY INC COM 278642103 8,295,350 54,800 X 01 54,800 0 0
ENERGY EAST CORP COM 29266M109 4,451,200 171,200 X 01 171,200 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 9,966,000 264,000 X 01 264,000 0 0
EXXON CORP COM 302290101 34,220,363 443,700 X 01 443,700 0 0
FDX CORP COM 31304N107 9,157,400 168,800 X 01 168,800 0 0
FEDERAL HOME LN MTG CORP COM 313400301 8,978,400 154,800 X 01 154,800 0 0
FEDERAL NATL MTG ASSN COM 313586109 11,384,438 166,500 X 01 166,500 0 0
FIFTH THIRD BANCORP COM 316773100 8,520,000 128,000 X 01 128,000 0 0
FIRSTAR CORP WIS COM 33763V109 5,670,000 202,500 X 01 202,500 0 0
FIRSTMERIT CORP COM 337915102 1,122,500 40,000 X 01 40,000 0 0
FLEET FINL GROUP INC COM 338915101 14,111,250 318,000 X 01 318,000 0 0
FORD MTR CO DEL COM 345370100 53,897,813 955,000 X 01 955,000 0 0
FURNITURE BRANDS INTL INC COM 360921100 1,388,175 49,800 X 01 49,800 0 0
GTE CORP COM 362320103 33,330,000 440,000 X 01 440,000 0 0
GAP INC COM 364760108 22,290,938 442,500 X 01 442,500 0 0
GENERAL ELEC CO COM 369604103 67,009,000 593,000 X 01 593,000 0 0
GENERAL MTRS CORP COM 370442105 14,190,000 215,000 X 01 215,000 0 0
GEORGIA PAC CORP COM 373298108 8,025,325 169,400 X 01 169,400 0 0
GOLDEN ST BANCORP INC WT 381197136 60,900 46,400 X 01 46,400 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,943,525 26,900 X 01 26,900 0 0
HALLIBURTON CO COM 406216101 16,380,500 362,000 X 01 362,000 0 0
HAMBRECHT & QUIST GROUP INC COM 406545103 4,640,625 125,000 X 01 125,000 0 0
HEWLETT PACKARD CO COM 428236103 49,747,500 495,000 X 01 495,000 0 0
HOME DEPOT INC COM 437076102 33,829,688 525,000 X 01 525,000 0 0
HUDSON UTD BANCORP COM 444165104 1,639,908 53,548 X 01 53,548 0 0
INFINITY BROADCASTING CORP NEW CL A 45662S102 20,137,775 676,900 X 01 676,900 0 0
INTEL CORP COM 458140100 67,996,600 1,142,800 X 01 1,142,800 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 155,642,850 1,204,200 X 01 1,204,200 0 0
INTERNATIONAL PAPER CO COM 460146103 15,841,850 313,700 X 01 313,700 0 0
INVESTMENT TECHNOLOGY GROUP COM 46145F105 6,475,000 200,000 X 01 200,000 0 0
IPALCO ENTERPRISES COM 462613100 6,445,238 304,200 X 01 304,200 0 0
JEFFRIES GROUP INC NEW COM 472319102 6,000,000 200,000 X 01 200,000 0 0
JEFFERSON PILOT CORP COM 475070108 3,574,125 54,000 X 01 54,000 0 0
JOHNSON & JOHNSON COM 478160104 15,288,000 156,000 X 01 156,000 0 0
JONES APPAREL GROUP INC COM 480074103 6,725,250 196,000 X 01 196,000 0 0
KANSAS CITY SOUTHN INDS INC COM 485170104 18,658,775 292,400 X 01 292,400 0 0
KROGER CO COM 501044101 19,835,625 710,000 X 01 710,000 0 0
LEGG MASON INC COM 524901105 8,418,641 218,666 X 01 218,666 0 0
LEHMAN BROTHERS HLDGS INC COM 524908100 9,107,175 146,300 X 01 146,300 0 0
LENNAR CORP COM 526057104 3,912,000 163,000 X 01 163,000 0 0
LEXMARK INTL GROUP INC CL A 529771107 39,848,900 603,200 X 01 603,200 0 0
LIBERTY FINL COS INC COM 530512102 1,838,370 63,120 X 01 63,120 0 0
LONE STARINDS INC COM 542290408 5,386,463 143,400 X 01 143,400 0 0
LOWES COS INC COM 548661107 9,954,325 175,600 X 01 175,600 0 0
LUCENT TECHNOLOGIES INC COM 549463107 66,378,731 984,300 X 01 984,300 0 0
M & T BK CORP COM 55261F104 8,047,050 14,631 X 01 14,631 0 0
MCI WORLDCOM INC COM 55268B106 77,896,890 905,120 X 01 905,120 0 0
MARITRANS INC COM 570363101 1,198,688 213,100 X 01 213,100 0 0
MARTIN MARIETTA MATLS INC COM 573284106 2,982,745 50,555 X 01 50,555 0 0
MEDIAONE GROUP INC COM 58440J104 26,001,500 349,600 X 01 349,600 0 0
MEDIMMUNE INC COM 584699102 3,929,500 58,000 X 01 58,000 0 0
MEDTRONIC INC COM 585055106 25,797,028 331,262 X 01 331,262 0 0
MELLON BK CORP COM 585509102 13,647,900 375,200 X 01 375,200 0 0
MERCK & CO INC COM 589331107 49,905,600 674,400 X 01 674,400 0 0
MERRILL LYNCH & CO INC COM 590188108 9,192,813 115,000 X 01 115,000 0 0
MICROSOFT CORP COM 594918104 177,128,250 1,964,000 X 01 1,964,000 0 0
MICRON TECHNOLOGY INC COM 595112103 20,438,438 507,000 X 01 507,000 0 0
MINDSPRING ENTERPRISES INC COM 602683104 5,636,550 127,200 X 01 127,200 0 0
MONSANTO CO COM 611662107 6,771,419 171,700 X 01 171,700 0 0
MONTANA PWR CO COM 612085100 12,048,450 170,900 X 01 170,900 0 0
MORGAN J P & CO INC COM 616880100 19,276,600 137,200 X 01 137,200 0 0
MORGAN KEEGAN INC COM 617410105 4,767,989 251,775 X 01 251,775 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 18,860,000 184,000 X 01 184,000 0 0
MOTOROLA INC COM 620076109 36,005,000 380,000 X 01 380,000 0 0
NAVISTAR INTL CORP INC COM 63934E108 7,775,000 155,500 X 01 155,500 0 0
NEW CENTY ENERGIES INC COM 64352U103 2,336,513 60,200 X 01 60,200 0 0
NEWFIELD EXPL CO COM 651290108 1,905,313 67,000 X 01 67,000 0 0
NIELSEN MEDIA RESH INC COM 653929307 1,698,431 58,066 X 01 58,066 0 0
NISOURCE INC COM 65473P105 1,497,125 58,000 X 01 58,000 0 0
NORTEL NETWORKS CORP COM 656569100 27,693,188 319,000 X 01 319,000 0 0
NORTH FORK BANCORPORATION INC COM 659424105 8,333,188 391,000 X 01 391,000 0 0
NOVELL INC COM 670006105 24,713,900 932,600 X 01 932,600 0 0
ORACLE CORP COM 68389X105 25,337,813 682,500 X 01 682,500 0 0
OUTBACK STEAKHOUSE INC COM 689899102 5,149,938 131,000 X 01 131,000 0 0
PAINE WEBBER GROUP INC COM 695629105 8,770,300 187,600 X 01 187,600 0 0
PATTERSON DENTAL CO COM 703412106 938,250 27,000 X 01 27,000 0 0
PFIZER INC COM 717081103 80,655,275 734,900 X 01 734,900 0 0
PITNEY BOWES INC COM 724479100 9,637,500 150,000 X 01 150,000 0 0
PREMIER BANCSHARES INC GA COM 739909109 631,781 34,500 X 01 34,500 0 0
PREMIER NATL BANCORP INC COM 74053F107 4,997,585 254,654 X 01 254,654 0 0
QUALCOMM INC COM 747525103 11,264,750 78,500 X 01 78,500 0 0
RAGEN MACKENZIE GROUP INC COM 750642100 368,125 31,000 X 01 31,000 0 0
REINSURANCE GROUP OF AMERICA COM 759351208 2,914,500 87,000 X 01 87,000 0 0
ROSS STORES INC COM 778296103 8,009,625 159,000 X 01 159,000 0 0
SBC COMMUNICATIONS INC COM 78387G103 7,308,000 126,000 X 01 126,000 0 0
SAFEWAY INC COM 786514208 21,188,475 428,050 X 01 428,050 0 0
SAKS INC COM 79377W108 4,150,781 143,750 X 01 143,750 0 0
SCHERING PLOUGH CORP COM 806605101 26,224,400 494,800 X 01 494,800 0 0
SCHLUMBERGER LTD COM 806857108 14,966,563 235,000 X 01 235,000 0 0
SCHWAB CHARLES CORP COM 808513105 21,271,800 193,600 X 01 193,600 0 0
SEA CONTAINERS LTD CL A 811371707 4,027,500 120,000 X 01 120,000 0 0
SEAGATE TECHNOLOGY COM 811804103 4,527,938 176,700 X 01 176,700 0 0
SEPRACOR INC COM 817315104 15,795,000 194,400 X 01 194,400 0 0
SOLECTRONCORP COM 834182107 12,670,625 190,000 X 01 190,000 0 0
SOUTHDOWN INC COM 841297104 6,087,045 94,740 X 01 94,740 0 0
SOVEREIGNBANCORP INC COM 845905108 4,008,537 330,601 X 01 330,601 0 0
SPRINT CORP COM FON 852061100 20,174,375 382,000 X 01 382,000 0 0
SPRINT CORP COM PCS 852061506 5,455,438 95,500 X 01 95,500 0 0
STATE AUTO FINL CORP COM 855707105 2,490,750 184,500 X 01 184,500 0 0
SUN MICROSYSTEMS INC COM 866810104 50,995,050 740,400 X 01 740,400 0 0
SUNGARD DATA SYS INC COM 867363103 11,088,300 321,400 X 01 321,400 0 0
SUNTRUST BKS INC COM 867914103 11,110,000 160,000 X 01 160,000 0 0
TJX COS INC NEW COM 872540109 12,552,150 376,800 X 01 376,800 0 0
TANDY CORP COM 875382103 24,437,500 500,000 X 01 500,000 0 0
TEXACO INC COM 881694103 23,187,500 371,000 X 01 371,000 0 0
TEXAS INSTRS INC COM 882508104 17,835,000 123,000 X 01 123,000 0 0
TEXAS UTILS CO COM 882848104 6,600,000 160,000 X 01 160,000 0 0
TEXTRON INC COM 883203101 15,639,375 190,000 X 01 190,000 0 0
TIME WARNER INC COM 887315109 42,924,000 584,000 X 01 584,000 0 0
TOOTSIE ROLL INDS INC COM 890516107 1,586,329 41,070 X 01 41,070 0 0
TRANSAMERICA CORP COM 893485102 11,250,000 150,000 X 01 150,000 0 0
TYCO INTL LTD NEW COM 902124106 23,185,325 244,700 X 01 244,700 0 0
UNION PACCORP COM 907818108 10,146,375 174,000 X 01 174,000 0 0
UNIONBANCAL CORP COM 908906100 4,118,250 114,000 X 01 114,000 0 0
U S TR CORP NEW COM 91288L105 1,387,500 15,000 X 01 15,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 20,380,756 284,300 X 01 284,300 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 10,438,125 285,000 X 01 285,000 0 0
VASTAR RES INC COM 922380100 7,975,744 152,100 X 01 152,100 0 0
VIACOM INC CL B 925524308 12,936,000 294,000 X 01 294,000 0 0
VODAFONE AIRTOUCH PLC ADR 92857T107 20,291,000 103,000 X 01 103,000 0 0
VULCAN MATLS CO COM 929160109 5,587,350 115,800 X 01 115,800 0 0
WAL MART STORES INC COM 931142103 61,557,350 1,275,800 X 01 1,275,800 0 0
WALGREEN CO COM 931422109 4,406,250 150,000 X 01 150,000 0 0
WARNER LAMBERT CO COM 934488107 16,858,125 243,000 X 01 243,000 0 0
WEBSTER FINL CORP WATERBURY COM 947890109 1,410,500 52,000 X 01 52,000 0 0
WENDYS INTL INC COM 950590109 6,101,344 215,500 X 01 215,500 0 0
XILINX INC COM 983919101 24,617,500 430,000 X 01 430,000 0 0
XEROX CORP COM 984121103 5,610,938 95,000 X 01 95,000 0 0
YAHOO INC COM 984332106 10,007,725 58,100 X 01 58,100 0 0
ZIONS BANCORP COM 989701107 8,547,100 134,600 X 01 134,600 0 0
</TABLE>
<TABLE>
GUARDIAN PARK AVENUE SMALL CAP FUND, INC.
FORM 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NAME OF ISSUER TITLE O CUSIP MKT VAL SHRS/PRIN INV DISCRETION VOTING AUTHORITY (SHARES)
CLASS NUMBER SOLESHRD OTHR MGR A-SOLE B-SHRD C-NONE
AFC CABLE SYS INC COM 000950105 995,813 28,200 X 01 28,200 0 0
ABOVENET COMMUNICATIONS INC COM 003743101 771,163 19,100 X 01 19,100 0 0
ACNIELSON CORP COM 004833109 665,500 22,000 X 01 22,000 0 0
ADELPHIA COMMUNICATIONS CORP CL A 006848105 2,322,313 36,500 X 01 36,500 0 0
ADVANCED MICRO DEVICES INC COM 007903107 487,688 27,000 X 01 27,000 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 648,750 7,500 X 01 7,500 0 0
AMES DEPT STORES INC COM 030789507 1,231,875 27,000 X 01 27,000 0 0
ANDRX CORP COM 034551101 308,500 4,000 X 01 4,000 0 0
ARMCO INC COM 042170100 245,125 37,000 X 01 37,000 0 0
ASK JEEVES INC COM 045174109 15,400 1,100 X 01 1,100 0 0
AT HOME CORP COM 045919107 584,359 10,834 X 01 10,834 0 0
AVIS RENT A CAR INC COM 053790101 1,019,375 35,000 X 01 35,000 0 0
BJS WHSL CLUB INC COM 05548J106 1,924,000 64,000 X 01 64,000 0 0
BJ SVCS CO COM 055482103 1,003,819 34,100 X 01 34,100 0 0
BARNESANDNOBLE.COM INC CL A 067846105 450,000 25,000 X 01 25,000 0 0
BIOMATRIX INC COM 09060P102 925,550 42,800 X 01 42,800 0 0
BRANDYWINE RLTY TR COM 105368203 356,625 18,000 X 01 18,000 0 0
CMG INFORMATION SVCS INC COM 125750109 775,625 6,800 X 01 6,800 0 0
CENTRAL HUDSON GAS & ELEC CORP COM 153609102 558,600 13,300 X 01 13,300 0 0
CHICAGO TITLE CORP COM 168228104 371,150 10,400 X 01 10,400 0 0
CITADEL COMMUNICATIONS CORP COM 172853202 1,346,175 37,200 X 01 37,200 0 0
COACHMEN INDS INC COM 189873102 325,500 14,000 X 01 14,000 0 0
COAST FEDERAL LITIGATION TR RT 19034Q110 11,156 10,500 X 01 10,500 0 0
COLONIAL PPTYS TR COM 195872106 734,500 26,000 X 01 26,000 0 0
COMMSCOPE INC COM 203372107 799,500 26,000 X 01 26,000 0 0
COORS ADOLPH CO CL B 217016104 1,098,900 22,200 X 01 22,200 0 0
CRITICAL PATH INC COM 22674V100 558,656 10,100 X 01 10,100 0 0
CROSSMANN CMNTYS INC COM 22764E109 988,125 34,000 X 01 34,000 0 0
CULLEN FROST BANKERS INC COM 229899109 460,294 16,700 X 01 16,700 0 0
D.R.HORTON INC COM 23331A109 714,875 43,000 X 01 43,000 0 0
DAIN RAUSCHER CORP COM 233856103 595,375 11,000 X 01 11,000 0 0
DONALDSON LUFKIN & JENRETTE COM 257661504 469,050 15,900 X 01 15,900 0 0
EARTHGRAINS CO COM 270319106 596,269 23,100 X 01 23,100 0 0
ENGLE HOMES INC COM 292896107 1,320,000 96,000 X 01 96,000 0 0
ENTERCOM COMMUNICATIONS CORP CL A 293639100 316,350 7,400 X 01 7,400 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 2,208,375 58,500 X 01 58,500 0 0
ETOYS INC COM 297862104 122,250 3,000 X 01 3,000 0 0
EXODUS COMMUNICATIONS INC COM 302088109 755,606 6,300 X 01 6,300 0 0
FINANCIAL SEC ASSUR HLDGS LTD COM 31769P100 254,800 4,900 X 01 4,900 0 0
FLYCAST COMMUNICATIONS CORP COM 344067103 47,813 2,500 X 01 2,500 0 0
FURNITUREBRANDS INTL INC COM 360921100 203,488 7,300 X 01 7,300 0 0
GOLD BANCCORP INC COM 379907108 242,813 18,500 X 01 18,500 0 0
GRAND UN CO COM 386532402 728,763 67,400 X 01 67,400 0 0
HAMBRECHT & QUIST GROUP INC COM 406545103 853,875 23,000 X 01 23,000 0 0
HENRY JACK & ASSOC INC COM 426281101 333,625 8,500 X 01 8,500 0 0
HERTZ CORP CL A 428040109 551,800 8,900 X 01 8,900 0 0
HOME PRODS INTL INC COM 437305105 379,100 44,600 X 01 44,600 0 0
HUDSON UTD BANCORP COM 444165104 826,875 27,000 X 01 27,000 0 0
INFOSEEK CORP COM 45678M107 455,406 9,500 X 01 9,500 0 0
INKTOMI CORP COM 457277101 723,250 5,500 X 01 5,500 0 0
INSIGHT ENTERPRISES INC COM 45765U103 612,563 24,750 X 01 24,750 0 0
INNOTRAC CORP COM 45767M109 1,318,275 65,100 X 01 65,100 0 0
THE INTERCEPT GROUP INC COM 45845L107 635,500 41,000 X 01 41,000 0 0
INVESTMENT TECHNOLOGY GROUP COM 46145F105 268,713 8,300 X 01 8,300 0 0
IPALCO ENTERPRISES COM 462613100 487,313 23,000 X 01 23,000 0 0
JLG INDS INC COM 466210101 1,161,375 57,000 X 01 57,000 0 0
JAKKS PAC INC COM 47012E106 277,256 9,300 X 01 9,300 0 0
JEFFRIES GROUP INC NEW COM 472319102 249,000 8,300 X 01 8,300 0 0
JONES INTERCABLE INC CL A 480206200 989,800 20,200 X 01 20,200 0 0
JUNO LTG INC COM 482047107 1,300,156 53,000 X 01 53,000 0 0
KLA TENCOR CORP COM 482480100 700,650 10,800 X 01 10,800 0 0
KILROY RLTY CORP COM 49427F108 438,750 18,000 X 01 18,000 0 0
KING PHARMACEUTICALS INC COM 495582108 491,625 19,000 X 01 19,000 0 0
KNIGHT TRIMARK GROUP CL A 499067106 790,094 13,100 X 01 13,100 0 0
LEGATO SYSTEMS INC COM 524651106 1,443,750 25,000 X 01 25,000 0 0
LENNAR CORP COM 526057104 1,190,400 49,600 X 01 49,600 0 0
LIPOSOME INC COM 536310105 1,243,125 65,000 X 01 65,000 0 0
LONE STAR INDS INC COM 542290408 1,712,850 45,600 X 01 45,600 0 0
LOUIS DREYFUS NAT GAS CORP COM 546011107 398,906 18,500 X 01 18,500 0 0
LYCOS INC COM 550818108 679,875 7,400 X 01 7,400 0 0
M & T BK CORP COM 55261F104 990,000 1,800 X 01 1,800 0 0
MACDERMID INC COM 554273102 837,000 18,000 X 01 18,000 0 0
MACROMEDIA INC COM 556100105 881,250 25,000 X 01 25,000 0 0
MARKEL CORP COM 570535104 710,600 3,800 X 01 3,800 0 0
MECH FINLINC COM 583492103 862,500 23,000 X 01 23,000 0 0
MEDIA METRIX INC COM 58440X103 13,313 250 X 01 250 0 0
MIAMI COMPUTER SUPPLY CORP COM 593261100 226,500 12,000 X 01 12,000 0 0
MINDSPRING ENTERPRISES INC COM 602683104 629,238 14,200 X 01 14,200 0 0
MISSION WEST PPTYS INC MD COM 605203108 460,350 55,800 X 01 55,800 0 0
MOHAWK INDS INC COM 608190104 577,125 19,000 X 01 19,000 0 0
MONACO COACH CORP COM 60886R103 1,982,341 46,850 X 01 46,850 0 0
MORGAN KEEGAN INC COM 617410105 568,125 30,000 X 01 30,000 0 0
MYERS IND INC COM 628464109 1,120,000 56,000 X 01 56,000 0 0
NATIONAL COMM BANCORP COM 635449101 525,000 24,000 X 01 24,000 0 0
NATIONAL COMPUTER SYS INC COM 635519101 796,500 23,600 X 01 23,600 0 0
NATIONAL R V HLDGS INC COM 637277104 1,491,375 61,500 X 01 61,500 0 0
NETWORK APPLIANCE INC COM 64120L104 296,138 5,300 X 01 5,300 0 0
NETWORK SOLUTIONS INC DEL CL A 64121Q102 379,800 4,800 X 01 4,800 0 0
NEWFIELD EXPL CO COM 651290108 327,031 11,500 X 01 11,500 0 0
NIELSEN MEDIA RESH INC COM 653929307 2,544,750 87,000 X 01 87,000 0 0
NORTH FORK BANCORPORATION INC COM 659424105 575,438 27,000 X 01 27,000 0 0
OPTIMAL ROBOTICS CORP CL A 68388R208 347,813 35,000 X 01 35,000 0 0
OTTER TAIL PWR CO COM 689648103 617,000 16,000 X 01 16,000 0 0
PC CONNECTION INC COM 69318J100 522,306 43,300 X 01 43,300 0 0
PEOPLES HERITAGE FINL GROUP COM 711147108 1,174,276 62,420 X 01 62,420 0 0
PERVASIVE SOFTWARE INC COM 715710109 629,338 25,300 X 01 25,300 0 0
PLEXUS CORP COM 729132100 945,925 31,400 X 01 31,400 0 0
PRISON REALTY CORP COM 74264N105 127,563 13,000 X 01 13,000 0 0
PROFIT RECOVERY GROUP INTL INC COM 743168106 662,375 14,000 X 01 14,000 0 0
QLOGIC CORP COM 747277101 1,240,800 9,400 X 01 9,400 0 0
RAGEN MACKENZIE GROUP INC COM 750642100 415,625 35,000 X 01 35,000 0 0
RALCORP HLDGS INC NEW COM 751028101 80,313 5,000 X 01 5,000 0 0
REAL NETWORKS INC COM 75605L104 413,250 6,000 X 01 6,000 0 0
REINSURANCE GROUP OF AMERICA COM 759351208 703,500 21,000 X 01 21,000 0 0
RUBY TUESDAY INC COM 781182100 370,500 19,500 X 01 19,500 0 0
SEA CONTAINERS LTD CL A 811371707 862,556 25,700 X 01 25,700 0 0
SEPRACOR INC COM 817315104 609,375 7,500 X 01 7,500 0 0
SHAW INDSINC COM 820286102 1,006,500 61,000 X 01 61,000 0 0
SILKNET SOFTWARE INC COM 827094103 101,250 2,500 X 01 2,500 0 0
SOUTHDOWN INC COM 841297104 1,374,950 21,400 X 01 21,400 0 0
SOUTHWEST SECS GROUP INC COM 845224104 552,475 7,700 X 01 7,700 0 0
STATE AUTO FINL CORP COM 855707105 958,500 71,000 X 01 71,000 0 0
TCA CABLE TV INC COM 872241104 826,950 14,900 X 01 14,900 0 0
TNP ENTERPRISES INC COM 872594106 1,305,000 36,000 X 01 36,000 0 0
TEREX CORP NEW COM 880779103 505,263 16,600 X 01 16,600 0 0
THESTREETCOM INC COM 88368Q103 900,000 25,000 X 01 25,000 0 0
THOR INDS INC COM 885160101 1,475,500 52,000 X 01 52,000 0 0
TOOTSIE ROLL INDS INC COM 890516107 230,205 5,960 X 01 5,960 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 556,875 49,500 X 01 49,500 0 0
TREDEGAR INDS INC COM 894650100 256,650 11,800 X 01 11,800 0 0
TROPICAL SPORTSWEAR INTL CORP COM 89708P102 914,813 28,700 X 01 28,700 0 0
24 / 7 MEDIA INC COM 901314104 731,500 19,000 X 01 19,000 0 0
U S CONCRETE INC COM 90333L102 380,000 40,000 X 01 40,000 0 0
UNITED PAYORS & UTD PROVIDERS COM 911319101 873,009 37,650 X 01 37,650 0 0
U S TR CORP NEW COM 91288L105 462,500 5,000 X 01 5,000 0 0
USWEB CORP COM 917327108 798,750 36,000 X 01 36,000 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 2,285,400 62,400 X 01 62,400 0 0
VALLEY NATL BANCORP COM 919794107 1,026,375 35,700 X 01 35,700 0 0
VERISIGN INC COM 92343E102 741,750 8,600 X 01 8,600 0 0
WADDELL & REED FINL INC CL A 930059100 878,000 32,000 X 01 32,000 0 0
WEEKS CORP COM 94856P102 305,000 10,000 X 01 10,000 0 0
XILINX INC COM 983919101 1,374,000 24,000 X 01 24,000 0 0
XIRCOM INC COM 983922105 1,313,731 43,700 X 01 43,700 0 0
YAHOO INC COM 984332106 606,148 3,519 X 01 3,519 0 0
ZALE CORP NEW COM 988858106 2,400,000 60,000 X 01 60,000 0 0
ZIONS BANCORP COM 989701107 1,301,750 20,500 X 01 20,500 0 0
ZIPLINK INC COM 989741103 312,500 25,000 X 01 25,000 0 0
</TABLE>
