UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]: Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Northwestern Mutual Life Insurance Company
Address: 720 E. Wisconsin Ave.
Milwaukee, WI 53202
13F File Number: 28-229
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: Don Forecki
Title: Assistant Treasurer
Phone: 414-299-5288
Signature, Place, and Date of Signing:
/S/ Don Forecki Milwaukee, Wisconsin November 8, 1999
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
28-6374 Northwestern Mutual Investment Services, LLC
28-1190 Frank Russell Company
28-1096 Frank Russell Trust Company
28-2762 Frank Russell Investment Management Company
28-6374 Robert W. Baird & Co. Incorporated
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 898
Form 13F Information Table Value Total (000's): $5,966,842
List of Other Included Managers: None
<PAGE>
<TABLE>
Form 13F Information Table
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS --SOLE-- -SHARED- --NONE--
- ------------------------------ -------------- --------- -------- ------- --- ---- ------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABC-NACO INC COM 000752105 6669 472157 SH SOLE 472157
ABMAC FINANCIAL GROUP INC COM 023139108 3601 76000 SH DEFINED 76000
ABMAC FINANCIAL GROUP INC COM 023139108 9764 206100 SH SOLE 206100
ACCIONA COM 557910700 924 20000 SH DEFINED 20000
ACCIONA COM 557910700 3696 80000 SH SOLE 80000
ACTION PERFORMANCE CONVT 004933AB3 363 500000 PRN DEFINED 500000
ACTION PERFORMANCE CONVT 004933AB3 1565 2000000 PRN SOLE 2000000
ADELPHIA COMMUNUCATIONS COM 006848105 8469 144000 SH DEFINED 144000
ADELPHIA COMMUNUCATIONS COM 006848105 27848 473500 SH SOLE 473500
ADELPHIA COMMUNUCATIONS CONVT 006848402 6160 35000 SH SOLE 35000
ADVANCE AGRO PUBLIC CO CONVT 00738VAA8 2000 2000000 PRN SOLE 2000000
ADVANCED INFO COM 600813800 1486 130000 SH SOLE 130000
ADVENT SOFTWARE, INC. COM 007974108 1500 24100 SH DEFINED 24100
ADVENT SOFTWARE, INC. COM 007974108 4840 77750 SH SOLE 77750
AIXTRON COM 546834600 2432 25000 SH SOLE 25000
AK SIGORTA COM 401207800 536 19000000 SH DEFINED 19000000
AK SIGORTA COM 401207800 1635 58000000 SH SOLE 58000000
AKER RGI ASA CONVT 007863900 4323 4500000 PRN SOLE 4500000
ALCATEL ALSTHOM COM 421682500 692 5000 SH DEFINED 5000
ALCATEL ALSTHOM COM 421682500 2905 21000 SH SOLE 21000
ALCOA INC COM 013817101 4034 65000 SH DEFINED 65000
ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 436 14800 SH DEFINED 14800
ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 1392 47300 SH SOLE 47300
ALLIED SIGNAL INC. COM 019512102 2098 35000 SH DEFINED 35000
ALLIED SIGNAL INC. COM 019512102 16147 269400 SH SOLE 269400
ALTRAN TECHNOLOGIES COM 402186900 1299 4300 SH DEFINED 4300
ALTRAN TECHNOLOGIES COM 402186900 3473 11500 SH SOLE 11500
AMAZON.COM INC COM 023135106 5036 63000 SH SOLE 63000
AMB PROPERTY CORP COM 00163T109 742 35000 SH DEFINED 35000
AMB PROPERTY CORP COM 00163T109 6144 290000 SH SOLE 290000
AMC ENTERTAINMENT COM 001669100 481 34480 SH DEFINED 34480
AMC ENTERTAINMENT COM 001669100 9755 699944 SH SOLE 699944
AMCOR LTD (AUSTRALIA) CONVT 02341R401 20284 20375000 PRN SOLE 20375000
AMDOCS LTD COM G02602103 840 40000 SH DEFINED 40000
AMERICAN BANKNOTE CORPORATION COM 024490104 103 820000 SH SOLE 820000
AMERICAN INTERNATIONAL GROUP,I COM 026874107 6520 75000 SH DEFINED 75000
AMERICAN INTERNATIONAL GROUP,I COM 026874107 2686 30900 SH SOLE 30900
AMERICAN ONLINE INC. COM 02364J104 4160 40000 SH DEFINED 40000
AMERICAN ONLINE INC. COM 02364J104 14810 142400 SH SOLE 142400
AMERITECH CORPORATION COM 030954101 12987 193300 SH SOLE 193300
AMR CORPORATION COM 001765106 15271 280200 SH SOLE 280200
ANCOR COMMUNICATIONS INC COM 03332K108 662 27300 SH DEFINED 27300
ANCOR COMMUNICATIONS INC COM 03332K108 2296 94700 SH SOLE 94700
ANHEUSER-BUSCH COMPANIES INC COM 035229103 6046 86300 SH DEFINED 86300
ANHEUSER-BUSCH COMPANIES INC COM 035229103 22434 320200 SH SOLE 320200
ANICOM INC COM 035250109 7764 1461540 SH SOLE 1461540
ANSWERTHINK CONSULTING GROUP COM 036916104 75 7842 SH SOLE 7842
APACHE CORPORATION CONVT 037411600 388 10000 SH DEFINED 10000
APARTMENT INVESTMENT AND MANAG COM 03748R101 3837 100316 SH DEFINED 100316
APARTMENT INVESTMENT AND MANAG COM 03748R101 12499 326764 SH SOLE 326764
APARTMENT INVESTMENT AND MANAG CONVT 449516301 3000 80000 SH SOLE 80000
APARTMENT INVT & MGMT CO CONVT 03748R705 7500 300000 SH SOLE 300000
ARADIGM CORP COM 038505103 2418 265030 SH SOLE 265030
ARCH COMMUNICATIONS GP COM 039381405 909 125429 SH DEFINED 125429
ARCH COMMUNICATIONS GP COM 039381504 1900 474934 SH DEFINED 474934
ARCH COMMUNICATIONS GP COM 039381405 3746 516724 SH SOLE 516724
ARCH COMMUNICATIONS GP COM 039381504 7829 1957197 SH SOLE 1957197
ARCHSTONE COMMUNITIES TRUST COM 039581103 1316 68125 SH DEFINED 68125
ARCHSTONE COMMUNITIES TRUST COM 039581103 5474 283456 SH SOLE 283456
ARDEN REALTY, INC. COM 039793104 1740 80000 SH DEFINED 80000
ARDEN REALTY, INC. COM 039793104 5849 268900 SH SOLE 268900
ARNOLDO MONDADORI EDITORE COM 404904300 1571 90000 SH DEFINED 90000
ARNOLDO MONDADORI EDITORE COM 404904300 4800 275000 SH SOLE 275000
ASM LITHOGRAPHY COM 546078400 1155 17000 SH DEFINED 17000
ASM LITHOGRAPHY COM 546078400 5436 80000 SH SOLE 80000
ASSA ABLOY COM 569878900 1780 154000 SH DEFINED 154000
ASSA ABLOY COM 569878900 3814 330000 SH SOLE 330000
AT&T CORPORATION COM 001957109 6960 160000 SH DEFINED 160000
AT&T CORPORATION COM 001957109 36796 845890 SH SOLE 845890
AUSTRIA TABAK COM 535592100 757 16000 SH DEFINED 16000
AUSTRIA TABAK COM 535592100 2604 55000 SH SOLE 55000
AUTONOMY COM 550079800 5914 415000 SH DEFINED 415000
AUTONOMY COM 550079800 23370 1640000 SH SOLE 1640000
AVALONBAY COMMUNITIES INC COM 053484101 3359 99166 SH DEFINED 99166
AVALONBAY COMMUNITIES INC COM 053484101 20808 614249 SH SOLE 614249
AVERY DENNISON CORP. COM 053611109 29561 560400 SH SOLE 560400
AXA-UAP COM 402692700 1905 15000 SH DEFINED 15000
AXA-UAP COM 402692700 6351 50000 SH SOLE 50000
AZTEC TECHNOLOGY PARTNERS COM 05480L101 4 2373 SH DEFINED 2373
AZTEC TECHNOLOGY PARTNERS COM 05480L101 73 42250 SH SOLE 42250
BAKER HUGHES INC. COM 057224107 1015 35000 SH DEFINED 35000
BAKER HUGHES INC. COM 057224107 580 20000 SH SOLE 20000
BALTIMORE TECHNOLOGIES PLC COM 098964800 1638 85000 SH DEFINED 85000
BALTIMORE TECHNOLOGIES PLC COM 098964800 6070 315000 SH SOLE 315000
BANC ONE CORPORATION COM 06423A103 35 1000 SH SOLE 1000
BANCO ITAU COM 245958100 1033 20000000 SH DEFINED 20000000
BANCO ITAU COM 245958100 3098 60000000 SH SOLE 60000000
BANK AUSTRIA COM 499962100 1000 20000 SH DEFINED 20000
BANK AUSTRIA COM 499962100 3249 65000 SH SOLE 65000
BANK NATIONAL PARIS COM 413366700 1803 22500 SH DEFINED 22500
BANK NATIONAL PARIS COM 413366700 6010 75000 SH SOLE 75000
BANK OF AMERICA CORP COM 060505104 5686 102101 SH SOLE 102101
BANK OF NEW YORK COMPANY INC. COM 064057102 5517 165000 SH DEFINED 165000
BANK OF NEW YORK COMPANY INC. COM 064057102 20621 616700 SH SOLE 616700
BANK OF SCOTLAND COM 007645400 3287 277436 SH SOLE 277436
BANK SARASIN COM 414954500 971 550 SH DEFINED 550
BANK SARASIN COM 414954500 2648 1500 SH SOLE 1500
BANKATLANTIC BANCORP INC CONVT 065908AB1 2500 2500000 PRN SOLE 2500000
BARCLAYS PLC COM 007820100 1026 35000 SH DEFINED 35000
BARCLAYS PLC COM 007820100 4250 145000 SH SOLE 145000
BARRETT RESOURCES CORPORATION COM 068480201 2290 62000 SH DEFINED 62000
BARRETT RESOURCES CORPORATION COM 068480201 7081 191700 SH SOLE 191700
BASF COM 508657700 556 13000 SH DEFINED 13000
BASF COM 508657700 2352 55000 SH SOLE 55000
BAUSCH & LOMB INC. COM 071707103 1596 24200 SH DEFINED 24200
BAUSCH & LOMB INC. COM 071707103 5104 77400 SH SOLE 77400
BAYER AG COM 506921100 1061 26500 SH DEFINED 26500
BAYER AG COM 506921100 4004 100000 SH SOLE 100000
BEC WORLD(FOREIGN OWNERSHP SHR COM 607814200 2208 400000 SH SOLE 400000
BELCO OIL & GAS CORP CONVT 077410207 4425 297500 SH SOLE 297500
BELL IND INC COM 078107109 341 78014 SH SOLE 78014
BERJAYA SPORTS TOTO COM 633156600 1589 750000 SH DEFINED 750000
BERJAYA SPORTS TOTO COM 633156600 5296 2500000 SH SOLE 2500000
BERKLEY PETROLEUM COM 208797100 1127 112500 SH DEFINED 112500
BERKLEY PETROLEUM COM 208797100 4883 487500 SH SOLE 487500
BF GOODRICH COMPANY CONVT 196878409 842 20000 SH DEFINED 20000
BF GOODRICH COMPANY CONVT 196878409 11746 282500 SH SOLE 282500
BJ SERVICES COMPANY COM 055482103 4142 130200 SH DEFINED 130200
BJ SERVICES COMPANY COM 055482103 16128 506960 SH SOLE 506960
BODYCOTE INTERNATIONAL COM 068956200 1213 223250 SH DEFINED 223250
BODYCOTE INTERNATIONAL COM 068956200 3737 687500 SH SOLE 687500
BOSTON PROPERTIES COM 101121101 1927 62800 SH DEFINED 62800
BOSTON PROPERTIES COM 101121101 7847 255700 SH SOLE 255700
BOUYGES OFFSHORE COM 102112109 1235 63750 SH DEFINED 63750
BOUYGES OFFSHORE COM 102112109 2906 150000 SH SOLE 150000
BP AMOCO PLC COM 055622104 4876 44000 SH DEFINED 44000
BP AMOCO PLC COM 055622104 21542 194400 SH SOLE 194400
BRADLEY REAL ESTATE INC. COM 104580105 781 42500 SH DEFINED 42500
BRADLEY REAL ESTATE INC. COM 104580105 5040 274300 SH SOLE 274300
BRE PROPERTIES INC COM 05564E106 1077 45000 SH DEFINED 45000
BRE PROPERTIES INC COM 05564E106 3112 130000 SH SOLE 130000
BRIDGESTONE COM 613210100 1402 50000 SH DEFINED 50000
BRIDGESTONE COM 613210100 5046 180000 SH SOLE 180000
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 5063 75000 SH DEFINED 75000
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 32812 486100 SH SOLE 486100
BRITISH ENERGY COM 073829300 912 134375 SH DEFINED 134375
BRITISH ENERGY COM 073829300 3647 537500 SH SOLE 537500
BROKEN HILL PROPRIETARY COM 614469000 634 55000 SH DEFINED 55000
BROKEN HILL PROPRIETARY COM 614469000 2535 220000 SH SOLE 220000
BROOKDALE LIVING COM 112462106 2156 150000 SH SOLE 150000
BROOKS AUTOMATION, INC. COM 11434A100 760 43300 SH DEFINED 43300
BROOKS AUTOMATION, INC. COM 11434A100 2380 135500 SH SOLE 135500
BT INDUSTRIES COM 420747600 2177 110000 SH SOLE 110000
BUDGET GROUP CAPITAL CONVT 119001303 493 15000 SH DEFINED 15000
BUDGET GROUP CAPITAL CONVT 119001303 10520 320000 SH SOLE 320000
BUDGET GROUP CAPITAL CONVT 119003AB7 7500 7500000 PRN SOLE 7500000
BUHRMANN COM 551675100 839 50000 SH DEFINED 50000
BUHRMANN COM 551675100 3693 220000 SH SOLE 220000
C.H. ROBINSON WORLDWIDE, INC COM 12541W100 718 21300 SH DEFINED 21300
C.H. ROBINSON WORLDWIDE, INC COM 12541W100 2560 76000 SH SOLE 76000
CAMDEN PPTY TR CONVT 133131201 6000 240000 SH SOLE 240000
CANADIAN NATIONAL RAILWAY CO. COM 136375102 4244 140000 SH DEFINED 140000
CANADIAN NATIONAL RAILWAY CO. CONVT 136375409 540 10000 SH DEFINED 10000
CANADIAN NATIONAL RAILWAY CO. CONVT 136375409 5000 100000 SH SOLE 100000
CAPITAL AUTOMOTIVE REIT COM 139733109 356 28800 SH DEFINED 28800
CAPITAL AUTOMOTIVE REIT COM 139733109 2180 176200 SH SOLE 176200
CARRAMERICA REALTY CORP COM 144418100 834 38000 SH SOLE 38000
CASE CORPORATION COM 14743R103 226 4537 SH DEFINED 4537
CASE CORPORATION COM 14743R103 21471 431034 SH SOLE 431034
CATALINA MARKETING CORPORATION COM 148867104 4164 49100 SH DEFINED 49100
CATALINA MARKETING CORPORATION COM 148867104 15037 177300 SH SOLE 177300
CATELLUS DEVELOPMENT CORP COM 149111106 445 37900 SH DEFINED 37900
CATELLUS DEVELOPMENT CORP COM 149111106 4547 387000 SH SOLE 387000
CDW COMPUTERS COM 125129106 1569 32100 SH DEFINED 32100
CDW COMPUTERS COM 125129106 5591 114400 SH SOLE 114400
CELLSTAR CORP CONVT 150925AC9 344 500000 PRN DEFINED 500000
CELLSTAR CORP CONVT 150925AC9 8500 13375000 PRN SOLE 13375000
CEMEX CPO COM 240645700 1105 230000 SH DEFINED 230000
CEMEX CPO COM 240645700 3170 660000 SH SOLE 660000
CENDANT CORPORATION CONVT 126545AD4 690 750000 PRN DEFINED 750000
CENDANT CORPORATION CONVT 151313400 250 10000 SH DEFINED 10000
CENDANT CORPORATION CONVT 126545AD4 21218 24500000 PRN SOLE 24500000
CENDANT CORPORATION CONVT 151313301 5411 237100 SH SOLE 237100
CHASE MANHATTAN CORPORATION COM 16161A108 4899 65000 SH DEFINED 65000
CHASE MANHATTAN CORPORATION COM 16161A108 29074 385720 SH SOLE 385720
CHESAPEAKE ENERGY CORP CONVT 165167305 1006 42000 SH SOLE 42000
CHEUNG KONG HOLDINGS LTD COM 619027300 917 110000 SH DEFINED 110000
CHEUNG KONG HOLDINGS LTD COM 619027300 2501 300000 SH SOLE 300000
CHEVRON CORP COM 166751107 4438 50000 SH DEFINED 50000
CHEVRON CORP COM 166751107 10011 112800 SH SOLE 112800
CHINA TELELCOM COM 607355600 1850 600000 SH DEFINED 600000
CHINA TELELCOM COM 607355600 3700 1200000 SH SOLE 1200000
CHRISTIANIA BANK COM 420411000 976 180000 SH DEFINED 180000
CHRISTIANIA BANK COM 420411000 3632 670000 SH SOLE 670000
CHUGAI PHARMACEUTICAL COM 619640800 1148 95000 SH DEFINED 95000
CHUGAI PHARMACEUTICAL COM 619640800 3627 300000 SH SOLE 300000
CINTAS CORPORATION COM 172908105 17621 304800 SH SOLE 304800
CISCO SYSTEMS INCORPORATED COM 17275R102 9256 135000 SH DEFINED 135000
CISCO SYSTEMS INCORPORATED COM 17275R102 56907 830000 SH SOLE 830000
CITIGROUP INC COM 172967101 5940 135000 SH DEFINED 135000
CITIGROUP INC COM 172967101 15723 357350 SH SOLE 357350
CNF TRUST I CONVT 12612V205 11192 201000 SH SOLE 201000
COCA-COLA BEVERAGES (UK) COM 029222700 996 500000 SH DEFINED 500000
COCA-COLA BEVERAGES (UK) COM 029222700 3986 2000000 SH SOLE 2000000
COFLEXIP ADS COM 192384105 478 10000 SH SOLE 10000
COLES MYER LTD COM 620990800 1569 300000 SH SOLE 300000
COLONIAL LIMITED COM 609463200 545 150000 SH DEFINED 150000
COLONIAL LIMITED COM 609463200 2541 700000 SH SOLE 700000
COLT COM 042469900 2098 90000 SH DEFINED 90000
COLT COM 042469900 18650 800000 SH SOLE 800000
COLUMBIA/HCA HEALTHCARE CORPOR COM 197677107 3894 183800 SH SOLE 183800
COMMON STOCK COM 27874N105 62 8167 SH SOLE 8167
COMMONWEALTH BANK OF AUSTRALIA COM 621503500 946 60000 SH SOLE 60000
COMPUTER HORIZONS CORP COM 205908106 929 79900 SH DEFINED 79900
COMPUTER HORIZONS CORP COM 205908106 2837 244000 SH SOLE 244000
COMVERSE COM 205862402 4848 51400 SH DEFINED 51400
COMVERSE COM 205862402 14510 153850 SH SOLE 153850
CONCORD EFS INC. COM 206197105 5188 251550 SH DEFINED 251550
CONCORD EFS INC. COM 206197105 16750 812100 SH SOLE 812100
CONOCO 'B' COM 208251405 3608 130000 SH DEFINED 130000
CONOCO 'B' COM 208251405 17302 623500 SH SOLE 623500
CONSECO INC CONVT 208464602 1500 30000 SH SOLE 30000
COOPER CAMERON CORP. COM 216640102 823 21800 SH SOLE 21800
CORE LABORATORIES COM N22717107 583 31000 SH SOLE 31000
CORNERSTONE PROPERTIES, INC COM 21922H103 793 52000 SH DEFINED 52000
CORNERSTONE PROPERTIES, INC COM 21922H103 3120 204600 SH SOLE 204600
CORPORATE EXPRESS INC. CONVT 219888AE4 12765 13750000 PRN SOLE 13750000
CORTEFIEL COM 538556400 522 20000 SH DEFINED 20000
CORTEFIEL COM 538556400 3652 140000 SH SOLE 140000
COSTCO WHOLESALE CORP. COM 22160K105 3960 55000 SH DEFINED 55000
COSTCO WHOLESALE CORP. COM 22160K105 17856 248000 SH SOLE 248000
CREDIT LYONNAIS COM 571347700 694 23500 SH DEFINED 23500
CREDIT LYONNAIS COM 571347700 2834 96000 SH SOLE 96000
CROWN CASTLE INTERNATIONAL COR COM 228227104 11035 1469815 SH SOLE 1469815
CROWN CORK & SEAL CONVT 228255303 223 10000 SH DEFINED 10000
CROWN CORK & SEAL CONVT 228255303 6992 158000 SH SOLE 158000
CSM CERT. COM 415858500 1159 24000 SH DEFINED 24000
CSM CERT. COM 415858500 4344 90000 SH SOLE 90000
DAO HENK BANK COM 628713100 1371 300000 SH DEFINED 300000
DAO HENK BANK COM 628713100 3199 700000 SH SOLE 700000
DAVID'S BRIDAL INC COM 238576102 635 85400 SH DEFINED 85400
DAVID'S BRIDAL INC COM 238576102 2143 288200 SH SOLE 288200
DAYTON HUDSON CORPORATION COM 239753106 5105 85000 SH DEFINED 85000
DAYTON HUDSON CORPORATION COM 239753106 21082 351000 SH SOLE 351000
DEPFA BANK COM 435506300 497 6000 SH DEFINED 6000
DEPFA BANK COM 435506300 2486 30000 SH SOLE 30000
DIAL CORP. COM 25247D101 4603 180500 SH DEFINED 180500
DISTEFORA COM 469903900 1070 8000 SH DEFINED 8000
DISTEFORA COM 469903900 4682 35000 SH SOLE 35000
DOMAIN TECHNOLOGY INC COM 257030106 9 9494 SH SOLE 9494
DRIL-QUIP, INC. COM 262037104 580 22700 SH SOLE 22700
DST SYSTEMS, INC. COM 233326107 3094 54400 SH DEFINED 54400
DST SYSTEMS, INC. COM 233326107 11267 198100 SH SOLE 198100
DUKE ENERGY COMPANY COM 264399106 3308 60000 SH DEFINED 60000
DUKE-WEEKS REALTY CORP COM 264411505 3083 158096 SH DEFINED 158096
DUKE-WEEKS REALTY CORP COM 264411505 5943 304772 SH SOLE 304772
EASTGROUP PROPERTIES INC COM 277276101 680 37500 SH DEFINED 37500
EASTGROUP PROPERTIES INC COM 277276101 3398 187500 SH SOLE 187500
ECOLAB, INC. COM 278865100 3413 100000 SH DEFINED 100000
ECOLAB, INC. COM 278865100 8531 250000 SH SOLE 250000
EGYPT MOBILE PHONE (MOBINIL) COM 610392500 1522 65000 SH DEFINED 65000
EGYPT MOBILE PHONE (MOBINIL) COM 610392500 5971 255000 SH SOLE 255000
EIDOS - ORDINARY SHARES COM 030674200 10920 170000 SH SOLE 170000
EIDOS PLC - ADR'S COM 282485101 5681 90000 SH SOLE 90000
ELAN CORPORATION COM 284131208 2685 80000 SH SOLE 80000
ELECTRONIC DATA SYSTEMS COM 285661104 5029 95000 SH DEFINED 95000
ELECTRONIC DATA SYSTEMS COM 285661104 26262 496100 SH SOLE 496100
ELF-AQUITAINE COM 482408000 1578 9000 SH DEFINED 9000
ELF-AQUITAINE COM 482408000 5260 30000 SH SOLE 30000
ELI LILLY & COMPANY COM 532457108 16173 252700 SH SOLE 252700
EMC CORPORATION COM 268648102 8544 119600 SH SOLE 119600
EMERSON ELECTRIC CO COM 291011104 16726 264700 SH SOLE 264700
ENDEMOL COM 514643700 1255 40481 SH DEFINED 40481
ENDEMOL COM 514643700 4961 160000 SH SOLE 160000
ENERGIS PLC COM 021962400 708 30000 SH DEFINED 30000
ENERGIS PLC COM 021962400 8260 350000 SH SOLE 350000
ENRON CORP COM 293561106 7013 170000 SH DEFINED 170000
ENRON CORP COM 293561106 40400 979400 SH SOLE 979400
ENSCO INTERNATIONAL INCORPORAT COM 26874Q100 555 30700 SH SOLE 30700
ENTERPRISE OIL COM 031886600 1193 175000 SH DEFINED 175000
ENTERPRISE OIL COM 031886600 5114 750000 SH SOLE 750000
EOG RESOURCES COM 26875P101 1594 75000 SH DEFINED 75000
EOG RESOURCES COM 26875P101 927 43600 SH SOLE 43600
EQUANT COM 294409107 1668 20500 SH DEFINED 20500
EQUANT COM 294409107 4435 54500 SH SOLE 54500
EQUITY OFFICE PROPERTIES TRUST COM 294741103 930 40000 SH DEFINED 40000
EQUITY OFFICE PROPERTIES TRUST COM 294741103 49104 2666427 SH SOLE 2666427
EQUITY RESIDENTIAL PROPERTIES COM 29476L107 3394 80100 SH DEFINED 80100
EQUITY RESIDENTIAL PROPERTIES COM 29476L107 13958 329400 SH SOLE 329400
ESAT TELECOM GROUP COM 26883Y102 3578 90000 SH SOLE 90000
ETEC SYSTEMS INC COM 26922C103 1377 36600 SH DEFINED 36600
ETEC SYSTEMS INC COM 26922C103 4620 122800 SH SOLE 122800
EXIDE CORP CONVT 302051AF4 728 1250000 PRN DEFINED 1250000
EXIDE CORP CONVT 302051AF4 24273 30750000 PRN SOLE 30750000
EXXON CORPORATION COM 302290101 3417 45000 SH DEFINED 45000
EXXON CORPORATION COM 302290101 19554 257500 SH SOLE 257500
FDX CORPORATION COM 31304N107 11687 301600 SH SOLE 301600
FINANCIAL SEC ASSURN HLDGS LTD COM 31769P100 4943 95633 SH DEFINED 95633
FINANCIAL SEC ASSURN HLDGS LTD COM 31769P100 13330 257900 SH SOLE 257900
FINANCIAL SQUARE PRIME OBLIGAT COM 38141W364 22200 22200000 SH SOLE 22200000
FINMECCANICA COM 437915900 737 801300 SH DEFINED 801300
FINMECCANICA COM 437915900 2063 2243700 SH SOLE 2243700
FIRST WASHINGTON REALTY TRUST CONVT 337489603 2800 100000 SH SOLE 100000
FISERV COM 337738108 6175 190000 SH DEFINED 190000
FISERV COM 337738108 13284 408750 SH SOLE 408750
FORD MOTOR COMPANY COM 345370100 14941 297700 SH SOLE 297700
FRONTIER FINANCING TRUST CONVT 35907U103 7549 150000 SH SOLE 150000
FUJI BANK COM 635628000 1948 160000 SH DEFINED 160000
FUJI BANK COM 635628000 8521 700000 SH SOLE 700000
FUJI HEAVY INDUSTRIES COM 635640600 1472 185000 SH DEFINED 185000
FUJI HEAVY INDUSTRIES COM 635640600 5372 675000 SH SOLE 675000
GABLES RESIDENTIAL TRUST COM 362418105 672 28000 SH DEFINED 28000
GABLES RESIDENTIAL TRUST COM 362418105 3811 158772 SH SOLE 158772
GALERIES LAFAYETTE COM 570455600 1527 10000 SH DEFINED 10000
GALERIES LAFAYETTE COM 570455600 6565 43000 SH SOLE 43000
GALILEO INTERNATIONAL, INC COM 363547100 2898 72000 SH DEFINED 72000
GALILEO INTERNATIONAL, INC COM 363547100 10409 258600 SH SOLE 258600
GAMES WORKSHOP COM 037184700 1482 200000 SH SOLE 200000
GAP, INC. COM 364760108 4891 152850 SH SOLE 152850
GASONICS INTERNATIONAL CORP. COM 367278108 1973 119600 SH DEFINED 119600
GASONICS INTERNATIONAL CORP. COM 367278108 7613 461400 SH SOLE 461400
GENERAL ELECTRIC COMPANY COM 369604103 13635 115000 SH DEFINED 115000
GENERAL ELECTRIC COMPANY COM 369604103 71742 605100 SH SOLE 605100
GENERAL ELECTRIC COMPANY PLC COM 036533400 1906 200000 SH DEFINED 200000
GENERAL ELECTRIC COMPANY PLC COM 036533400 6195 650000 SH SOLE 650000
GENZYME SURGICAL PRODUCTS COM 372917609 4 771 SH SOLE 771
GEORGIA PACIFIC CORP CONVT 373298801 709 15000 SH DEFINED 15000
GEORGIA PACIFIC CORP CONVT 373298801 10478 215000 SH SOLE 215000
GETRONICS COM 502200900 1270 23500 SH DEFINED 23500
GETRONICS COM 502200900 5080 94000 SH SOLE 94000
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</TABLE>
