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 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 August 3, 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: 915
Form 13F Information Table Value Total (000's): $5,848,565
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 9679 472157 SH SOLE 472157
ABMAC FINANCIAL GROUP INC COM 023139108 4342 76000 SH DEFINED 76000
ABMAC FINANCIAL GROUP INC COM 023139108 11773 206100 SH SOLE 206100
ACCIONA COM 557910700 957 20000 SH DEFINED 20000
ACCIONA COM 557910700 3827 80000 SH SOLE 80000
ADELPHIA COMMUNUCATIONS COM 006848105 9162 144000 SH DEFINED 144000
ADELPHIA COMMUNUCATIONS CONVT 006848402 1407 7000 SH DEFINED 7000
ADELPHIA COMMUNUCATIONS COM 006848105 30126 473500 SH SOLE 473500
ADELPHIA COMMUNUCATIONS CONVT 006848402 6693 35000 SH SOLE 35000
ADVANCE AGRO PUBLIC CO CONVT 00738VAA8 2000 2000000 PRN SOLE 2000000
ADVANCED INFO COM 600813800 1764 130000 SH SOLE 130000
AIXTRON COM 546834600 3720 45000 SH SOLE 45000
AK SIGORTA COM 401207800 529 19000000 SH DEFINED 19000000
AK SIGORTA COM 401207800 1614 58000000 SH SOLE 58000000
AKER RGI ASA CONVT 007863900 4310 4500000 PRN SOLE 4500000
ALCOA INC COM 013817101 4022 65000 SH DEFINED 65000
ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 809 25900 SH DEFINED 25900
ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 2428 77700 SH SOLE 77700
ALLIED SIGNAL INC. COM 019512102 16972 269400 SH SOLE 269400
ALTRAN TECHNOLOGIES COM 402186900 1139 4300 SH DEFINED 4300
ALTRAN TECHNOLOGIES COM 402186900 3046 11500 SH SOLE 11500
AMB PROPERTY CORP COM 00163T109 6815 290000 SH SOLE 290000
AMC ENTERTAINMENT COM 001669100 659 34480 SH DEFINED 34480
AMC ENTERTAINMENT COM 001669100 13386 699944 SH SOLE 699944
AMCOR LTD (AUSTRALIA) CONVT 02341R401 18004 18000000 PRN SOLE 18000000
AMDOCS LTD CONVT 02342R202 2781 125000 SH SOLE 125000
AMERICAN BANKNOTE CORPORATION COM 024490104 256 820000 SH SOLE 820000
AMERICAN INTERNATIONAL GROUP,I COM 026874107 7024 60000 SH DEFINED 60000
AMERICAN ONLINE INC. COM 02364J104 3647 33000 SH DEFINED 33000
AMERICAN ONLINE INC. COM 02364J104 15735 142400 SH SOLE 142400
AMR CORPORATION COM 001765106 1706 25000 SH DEFINED 25000
AMR CORPORATION COM 001765106 19124 280200 SH SOLE 280200
ANHEUSER-BUSCH COMPANIES INC COM 035229103 6122 86300 SH DEFINED 86300
ANHEUSER-BUSCH COMPANIES INC COM 035229103 22714 320200 SH SOLE 320200
ANICOM INC COM 035250109 15346 1461540 SH SOLE 1461540
APACHE CORPORATION CONVT 037411600 343 10000 SH DEFINED 10000
APACHE CORPORATION CONVT 037411600 2325 75000 SH SOLE 75000
APARTMENT INVESTMENT AND MANAG COM 03748R101 2565 60000 SH DEFINED 60000
APARTMENT INVESTMENT AND MANAG COM 03748R101 9320 218000 SH SOLE 218000
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 2352 265030 SH SOLE 265030
ARCH COMMUNICATIONS GP COM 039381405 1066 125429 SH DEFINED 125429
ARCH COMMUNICATIONS GP COM 039381504 4037 474994 SH DEFINED 474994
ARCH COMMUNICATIONS GP COM 039381405 4392 516724 SH SOLE 516724
ARCH COMMUNICATIONS GP COM 039381504 16638 1957445 SH SOLE 1957445
ARCHSTONE COMMUNITIES TRUST COM 039581103 2043 93125 SH DEFINED 93125
ARCHSTONE COMMUNITIES TRUST COM 039581103 10057 458456 SH SOLE 458456
ARDEN REALTY, INC. COM 039793104 1748 71000 SH DEFINED 71000
ARDEN REALTY, INC. COM 039793104 6055 245900 SH SOLE 245900
ARGENTARIA, CAJA POSTAL Y BANC COM 540145900 1280 56000 SH DEFINED 56000
ARGENTARIA, CAJA POSTAL Y BANC COM 540145900 4663 204000 SH SOLE 204000
ARNOLDO MONDADORI EDITORE COM 404904300 1544 90000 SH DEFINED 90000
ARNOLDO MONDADORI EDITORE COM 404904300 4717 275000 SH SOLE 275000
ASSA ABLOY COM 569878900 1525 140000 SH DEFINED 140000
ASSA ABLOY COM 569878900 3268 300000 SH SOLE 300000
ASSOCIATES FIRST CAPITAL CORPO COM 046008108 3545 80000 SH DEFINED 80000
AT&T CORPORATION COM 001957109 9488 170000 SH DEFINED 170000
AT&T CORPORATION COM 001957109 47211 845890 SH SOLE 845890
ATTICA ENTERPRISES COM 405144600 2065 180000 SH SOLE 180000
AUSTRIA TABAK COM 535592100 935 16000 SH DEFINED 16000
AUSTRIA TABAK COM 535592100 3215 55000 SH SOLE 55000
AUTONOMY COM 550079800 2386 415000 SH DEFINED 415000
AUTONOMY COM 550079800 9430 1640000 SH SOLE 1640000
AVALONBAY COMMUNITIES INC COM 053484101 3281 88666 SH DEFINED 88666
AVALONBAY COMMUNITIES INC COM 053484101 17362 469249 SH SOLE 469249
AVERY DENNISON CORP. COM 053611109 33834 560400 SH SOLE 560400
AXA-UAP COM 402692700 1836 15000 SH DEFINED 15000
AXA-UAP COM 402692700 6120 50000 SH SOLE 50000
AZTEC TECHNOLOGY PARTNERS COM 05480L101 4 2373 SH DEFINED 2373
AZTEC TECHNOLOGY PARTNERS COM 05480L101 79 42250 SH SOLE 42250
BAKER HUGHES INC. COM 057224107 838 25000 SH SOLE 25000
BALTIMORE TECHNOLOGIES PLC COM 098964800 1429 125000 SH DEFINED 125000
BALTIMORE TECHNOLOGIES PLC COM 098964800 4288 375000 SH SOLE 375000
BANC ONE CORPORATION COM 06423A103 60 1000 SH SOLE 1000
BANCO ITAU COM 245958100 544 1045000 SH DEFINED 1045000
BANCO ITAU COM 245958100 1627 3135000 SH SOLE 3135000
BANG & OLUFSON COM 416129300 633 10000 SH DEFINED 10000
BANG & OLUFSON COM 416129300 2216 35000 SH SOLE 35000
BANK AUSTRIA COM 499962100 1055 20000 SH DEFINED 20000
BANK AUSTRIA COM 499962100 3430 65000 SH SOLE 65000
BANK NATIONAL PARIS COM 413366700 1881 22500 SH DEFINED 22500
BANK NATIONAL PARIS COM 413366700 6270 75000 SH SOLE 75000
BANK OF AMERICA CORP COM 060505104 15058 205400 SH SOLE 205400
BANK OF IRELAND COM 407617100 1856 110716 SH SOLE 110716
BANK OF NEW YORK COMPANY INC. COM 064057102 6053 165000 SH DEFINED 165000
BANK OF NEW YORK COMPANY INC. COM 064057102 22625 616700 SH SOLE 616700
BANK OF SCOTLAND COM 007645400 3676 277436 SH SOLE 277436
BANK SARASIN COM 414954500 948 550 SH DEFINED 550
BANK SARASIN COM 414954500 2585 1500 SH SOLE 1500
BANKATLANTIC BANCORP INC CONVT 065908AB1 2500 2500000 PRN SOLE 2500000
BARCLAYS PLC COM 007820100 1019 35000 SH DEFINED 35000
BARCLAYS PLC COM 007820100 4222 145000 SH SOLE 145000
BARRETT RESOURCES CORPORATION COM 068480201 2199 57300 SH DEFINED 57300
BARRETT RESOURCES CORPORATION COM 068480201 6819 177700 SH SOLE 177700
BAUSCH & LOMB INC. COM 071707103 1660 21700 SH DEFINED 21700
BAUSCH & LOMB INC. COM 071707103 5363 70100 SH SOLE 70100
BAYER AG COM 506921100 1108 26500 SH DEFINED 26500
BAYER AG COM 506921100 4180 100000 SH SOLE 100000
BEC WORLD(FOREIGN OWNERSHP SHR COM 607814200 2475 400000 SH SOLE 400000
BELCO OIL & GAS CORP CONVT 077410207 4425 297500 SH SOLE 297500
BELL IND INC COM 078107109 346 78014 SH SOLE 78014
BENCKISER COM 535744400 1178 22000 SH DEFINED 22000
BENCKISER COM 535744400 5354 100000 SH SOLE 100000
BENPRESS (ORDINARY SHARES) COM 609231300 706 2980000 SH SOLE 2980000
BERGEN BRUNSWIG CORP COM 083739102 1029 59662 SH DEFINED 59662
BERGEN BRUNSWIG CORP COM 083739102 3327 192850 SH SOLE 192850
BERJAYA SPORTS TOTO COM 633156600 1737 750000 SH DEFINED 750000
BERJAYA SPORTS TOTO COM 633156600 5789 2500000 SH SOLE 2500000
BJ SERVICES COMPANY COM 055482103 3668 124600 SH DEFINED 124600
BJ SERVICES COMPANY COM 055482103 14429 490160 SH SOLE 490160
BOC GROUP COM 010812000 1168 60000 SH DEFINED 60000
BOC GROUP COM 010812000 4868 250000 SH SOLE 250000
BODYCOTE INTERNATIONAL COM 068956200 1396 223250 SH DEFINED 223250
BODYCOTE INTERNATIONAL COM 068956200 4300 687500 SH SOLE 687500
BOSTON PROPERTIES COM 101121101 2020 56300 SH DEFINED 56300
BOSTON PROPERTIES COM 101121101 6949 193700 SH SOLE 193700
BOUYGES OFFSHORE COM 102112109 1000 63750 SH DEFINED 63750
BOUYGES OFFSHORE COM 102112109 2353 150000 SH SOLE 150000
BP AMOCO PLC COM 055622104 4774 44000 SH DEFINED 44000
BP AMOCO PLC COM 055622104 21092 194400 SH SOLE 194400
BPI COM 407256600 1123 53333 SH DEFINED 53333
BPI COM 407256600 4492 213333 SH SOLE 213333
BRADLEY REAL ESTATE INC. COM 104580105 52 2500 SH DEFINED 2500
BRADLEY REAL ESTATE INC. COM 104580105 3839 185000 SH SOLE 185000
BRE PROPERTIES INC COM 05564E106 1167 45000 SH DEFINED 45000
BRE PROPERTIES INC COM 05564E106 3372 130000 SH SOLE 130000
BRIDGESTONE COM 613210100 2114 70000 SH DEFINED 70000
BRIDGESTONE COM 613210100 5436 180000 SH SOLE 180000
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 5283 75000 SH DEFINED 75000
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 34240 486100 SH SOLE 486100
BRITISH AEROSPACE PLC COM 026349400 974 150000 SH DEFINED 150000
BRITISH AEROSPACE PLC COM 026349400 3572 550000 SH SOLE 550000
BRITISH ENERGY COM 013365000 1275 150000 SH DEFINED 150000
BRITISH ENERGY COM 013365000 5101 600000 SH SOLE 600000
BROOKDALE LIVING COM 112462106 2222 150000 SH SOLE 150000
BROOKS AUTOMATION, INC. COM 11434A100 1537 56800 SH DEFINED 56800
BROOKS AUTOMATION, INC. COM 11434A100 4622 170800 SH SOLE 170800
BUDGET GROUP CAPITAL CONVT 119001303 7651 210000 SH SOLE 210000
BUDGET GROUP CAPITAL CONVT 119003AB7 7500 7500000 PRN SOLE 7500000
CAMDEN PPTY TR CONVT 133131201 6000 240000 SH SOLE 240000
CAMPBELL SOUP COMPANY COM 134429109 14951 322400 SH SOLE 322400
CANADIAN NATIONAL RAILWAY CO. COM 136375102 4690 70000 SH DEFINED 70000
CANADIAN NATIONAL RAILWAY CO. CONVT 136375409 500 10000 SH DEFINED 10000
CANADIAN NATIONAL RAILWAY CO. CONVT 136375409 5000 100000 SH SOLE 100000
CAPITAL AUTOMOTIVE REIT COM 139733109 382 28800 SH DEFINED 28800
CAPITAL AUTOMOTIVE REIT COM 139733109 2335 176200 SH SOLE 176200
CARDINAL HEALTH INC COM 14149Y108 885 13800 SH DEFINED 13800
CARDINAL HEALTH INC COM 14149Y108 3783 59000 SH SOLE 59000
CARLTON COMMUNICATIONS PLC COM 034192500 2472 300000 SH SOLE 300000
CARRAMERICA REALTY CORP COM 144418100 950 38000 SH SOLE 38000
CASE CORPORATION COM 14743R103 218 4537 SH DEFINED 4537
CASE CORPORATION COM 14743R103 20744 431034 SH SOLE 431034
CATALINA MARKETING CORPORATION COM 148867104 3018 32800 SH DEFINED 32800
CATALINA MARKETING CORPORATION COM 148867104 15796 171700 SH SOLE 171700
CATELLUS DEVELOPMENT CORP COM 149111106 587 37900 SH DEFINED 37900
CATELLUS DEVELOPMENT CORP COM 149111106 5999 387000 SH SOLE 387000
CDW COMPUTERS COM 125129106 884 20100 SH DEFINED 20100
CDW COMPUTERS COM 125129106 2416 54900 SH SOLE 54900
CELLSTAR CORP CONVT 150925AC9 346 500000 PRN DEFINED 500000
CELLSTAR CORP CONVT 150925AC9 8219 13375000 PRN SOLE 13375000
CEMEX B - MEXICO COM 218308400 1146 230000 SH DEFINED 230000
CEMEX B - MEXICO COM 218308400 3289 660000 SH SOLE 660000
CENDANT CORPORATION CONVT 126545AD4 712 750000 PRN DEFINED 750000
CENDANT CORPORATION CONVT 151313400 291 10000 SH DEFINED 10000
CENDANT CORPORATION CONVT 126545AD4 19991 23500000 PRN SOLE 23500000
CENDANT CORPORATION CONVT 151313301 5411 237100 SH SOLE 237100
CENTERPOINT PROPERTIES CORP. COM 151895109 190 5200 SH DEFINED 5200
CENTERPOINT PROPERTIES CORP. COM 151895109 1765 48200 SH SOLE 48200
CENTOCOR INC. CONVT 152342AE1 5414 5000000 PRN SOLE 5000000
CHASE MANHATTAN CORPORATION COM 16161A108 4331 50000 SH DEFINED 50000
CHASE MANHATTAN CORPORATION COM 16161A108 33413 385720 SH SOLE 385720
CHESAPEAKE ENERGY CORP CONVT 165167305 1006 42000 SH SOLE 42000
CHEUNG KONG HOLDINGS LTD COM 619027300 978 110000 SH DEFINED 110000
CHEUNG KONG HOLDINGS LTD COM 619027300 2668 300000 SH SOLE 300000
CHEVRON CORP COM 166751107 4759 50000 SH DEFINED 50000
CHEVRON CORP COM 166751107 10737 112800 SH SOLE 112800
CHINA TELELCOM COM 607355600 1667 600000 SH DEFINED 600000
CHINA TELELCOM COM 607355600 3333 1200000 SH SOLE 1200000
CHRISTIANIA BANK COM 420411000 647 180000 SH DEFINED 180000
CHRISTIANIA BANK COM 420411000 2409 670000 SH SOLE 670000
CHUGAI PHARMACEUTICAL COM 619640800 1022 95000 SH DEFINED 95000
CHUGAI PHARMACEUTICAL COM 619640800 3228 300000 SH SOLE 300000
CINTAS CORPORATION COM 172908105 20250 301400 SH SOLE 301400
CIRCLE K COM 620072900 4346 104500 SH SOLE 104500
CISCO SYSTEMS INCORPORATED COM 17275R102 10965 170000 SH DEFINED 170000
CISCO SYSTEMS INCORPORATED COM 17275R102 53535 830000 SH SOLE 830000
CITIGROUP INC COM 172967101 6413 135000 SH DEFINED 135000
CITIGROUP INC COM 172967101 14756 310650 SH SOLE 310650
CNF TRUST I CONVT 12612V205 11192 201000 SH SOLE 201000
COACH USA, INC. COM 18975L106 2080 49600 SH DEFINED 49600
COACH USA, INC. COM 18975L106 6848 163300 SH SOLE 163300
COFLEXIP ADS COM 192384105 435 10000 SH SOLE 10000
COLES MYER LTD COM 620990800 1761 300000 SH SOLE 300000
COLONIAL LIMITED COM 609463200 536 150000 SH DEFINED 150000
COLONIAL LIMITED COM 609463200 2501 700000 SH SOLE 700000
COLT COM 042469900 1845 90000 SH DEFINED 90000
COLT COM 042469900 16404 800000 SH SOLE 800000
COLTEC CAPITAL TRUST CONVT 196878409 938 20000 SH DEFINED 20000
COLTEC CAPITAL TRUST CONVT 196878409 12088 282500 SH SOLE 282500
COLUMBIA/HCA HEALTHCARE CORPOR COM 197677107 4193 183800 SH SOLE 183800
COMMON STOCK COM 27874N105 55 8167 SH SOLE 8167
COMMONWEALTH BANK OF AUSTRALIA COM 621503500 2007 125000 SH SOLE 125000
COMPASS GROUP COM 028801100 893 90000 SH DEFINED 90000
COMPASS GROUP COM 028801100 3472 350000 SH SOLE 350000
COMPUTER HORIZONS CORP COM 205908106 1077 78000 SH DEFINED 78000
COMPUTER HORIZONS CORP COM 205908106 3274 237000 SH SOLE 237000
COMVERSE COM 205862402 3707 49100 SH DEFINED 49100
COMVERSE COM 205862402 11117 147250 SH SOLE 147250
CONCORD EFS INC. COM 206197105 5310 125500 SH DEFINED 125500
CONCORD EFS INC. COM 206197105 17657 417300 SH SOLE 417300
CONOCO, INC.- CL.A COM 208251306 3624 130000 SH DEFINED 130000
CONOCO, INC.- CL.A COM 208251306 17380 623500 SH SOLE 623500
CONSECO INC CONVT 208464602 1500 30000 SH SOLE 30000
COOPER CAMERON CORP. COM 216640102 723 19500 SH SOLE 19500
CORNERSTONE PROPERTIES, INC COM 21922H103 1924 121200 SH DEFINED 121200
CORNERSTONE PROPERTIES, INC COM 21922H103 6172 388800 SH SOLE 388800
CORPORATE EXPRESS INC. CONVT 219888AE4 12463 13750000 PRN SOLE 13750000
CORTEFIEL COM 538556400 528 20000 SH DEFINED 20000
CORTEFIEL COM 538556400 3694 140000 SH SOLE 140000
COSTCO COMPANIES INC COM COM 22160Q102 3114 38900 SH SOLE 38900
CROWN CASTLE INTERNATIONAL COR COM 228227104 11035 1469815 SH SOLE 1469815
CROWN CORK & SEAL CONVT 228255303 268 10000 SH DEFINED 10000
CROWN CORK & SEAL CONVT 228255303 6992 158000 SH SOLE 158000
CSM CERT. COM 415858500 1203 24000 SH DEFINED 24000
CSM CERT. COM 415858500 4512 90000 SH SOLE 90000
DANONE COM 407023600 2587 10000 SH SOLE 10000
DAO HENK BANK COM 628713100 1346 300000 SH DEFINED 300000
DAO HENK BANK COM 628713100 3140 700000 SH SOLE 700000
DAVID'S BRIDAL INC COM 238576102 1088 69900 SH DEFINED 69900
DAVID'S BRIDAL INC COM 238576102 3634 233500 SH SOLE 233500
DAYTON HUDSON CORPORATION COM 239753106 5525 85000 SH DEFINED 85000
DAYTON HUDSON CORPORATION COM 239753106 22815 351000 SH SOLE 351000
DEPFA BANK COM 435506300 1093 12000 SH DEFINED 12000
DEPFA BANK COM 435506300 5463 60000 SH SOLE 60000
DIAL CORP. COM 25247D101 6712 180500 SH DEFINED 180500
DIXONS COM 027230400 1315 70000 SH DEFINED 70000
DIXONS COM 027230400 3758 200000 SH SOLE 200000
DOMAIN TECHNOLOGY INC COM 257030106 9 9494 SH SOLE 9494
DRIL-QUIP, INC. COM 262037104 521 22700 SH SOLE 22700
DST SYSTEMS, INC. COM 233326107 3257 51800 SH DEFINED 51800
DST SYSTEMS, INC. COM 233326107 6288 100000 SH SOLE 100000
DUKE ENERGY COMPANY COM 264399106 3263 60000 SH DEFINED 60000
EASTGROUP PROPERTIES INC COM 277276101 752 37500 SH DEFINED 37500
EASTGROUP PROPERTIES INC COM 277276101 3762 187500 SH SOLE 187500
EGYPT MOBILE PHONE (MOBINIL) COM 610392500 1465 65000 SH DEFINED 65000
EGYPT MOBILE PHONE (MOBINIL) COM 610392500 5748 255000 SH SOLE 255000
EIDOS - ORDINARY SHARES COM 030674200 5618 170000 SH SOLE 170000
EIDOS PLC - ADR'S COM 282485101 2976 90000 SH SOLE 90000
ELAN CORPORATION COM 284131208 2220 80000 SH SOLE 80000
ELECTRONIC DATA SYSTEMS COM 285661104 4242 75000 SH DEFINED 75000
ELECTRONIC DATA SYSTEMS COM 285661104 22574 399100 SH SOLE 399100
ELF-AQUITAINE COM 482408000 1325 9000 SH DEFINED 9000
ELF-AQUITAINE COM 482408000 4417 30000 SH SOLE 30000
ELI LILLY & COMPANY COM 532457108 4298 60000 SH DEFINED 60000
ELI LILLY & COMPANY COM 532457108 18100 252700 SH SOLE 252700
EMC CORPORATION COM 268648102 1100 20000 SH DEFINED 20000
EMC CORPORATION COM 268648102 6578 119600 SH SOLE 119600
EMERSON ELECTRIC CO COM 291011104 16643 264700 SH SOLE 264700
ENDEMOL COM 514643700 1196 40481 SH DEFINED 40481
ENDEMOL COM 514643700 4726 160000 SH SOLE 160000
ENERGIS PLC COM 021962400 716 30000 SH DEFINED 30000
ENERGIS PLC COM 021962400 8353 350000 SH SOLE 350000
ENRON CORP COM 293561106 8257 101000 SH DEFINED 101000
ENRON CORP COM 293562104 203 10000 SH DEFINED 10000
ENRON CORP COM 293561106 40033 489700 SH SOLE 489700
ENSCO INTERNATIONAL INCORPORAT COM 26874Q100 612 30700 SH SOLE 30700
EQUANT COM 294409107 1930 20500 SH DEFINED 20500
EQUANT COM 294409107 5130 54500 SH SOLE 54500
EQUITY OFFICE PROPERTIES TRUST COM 294741103 641 25000 SH DEFINED 25000
EQUITY OFFICE PROPERTIES TRUST COM 294741103 53461 2840568 SH SOLE 2840568
EQUITY RESIDENTIAL PROPERTIES COM 29476L107 3159 70100 SH DEFINED 70100
EQUITY RESIDENTIAL PROPERTIES COM 29476L107 14844 329400 SH SOLE 329400
ESAT TELECOM GROUP COM 26883Y102 3949 90000 SH SOLE 90000
ESG RE LIMITED COM G31215109 870 58000 SH DEFINED 58000
ESG RE LIMITED COM G31215109 2766 184400 SH SOLE 184400
ETEC SYSTEMS INC COM 26922C103 1460 43900 SH DEFINED 43900
ETEC SYSTEMS INC COM 26922C103 4914 147800 SH SOLE 147800
EXIDE CORP CONVT 302051AF4 759 1250000 PRN DEFINED 1250000
EXIDE CORP CONVT 302051AF4 24071 30750000 PRN SOLE 30750000
EXXON CORPORATION COM 302290101 5013 65000 SH DEFINED 65000
EXXON CORPORATION COM 302290101 19860 257500 SH SOLE 257500
FDX CORPORATION COM 31304N107 16362 301600 SH SOLE 301600
FILTRONIC COM 033629900 1060 90000 SH DEFINED 90000
FILTRONIC COM 033629900 4121 350000 SH SOLE 350000
FINANCIAL SEC ASSURN HLDGS LTD COM 31769P100 4796 92233 SH DEFINED 92233
FINANCIAL SEC ASSURN HLDGS LTD COM 31769P100 4233 81400 SH SOLE 81400
FINANCIAL SQUARE PRIME OBLIGAT COM 38141W364 23300 23300000 SH SOLE 23300000
FINMECCANICA COM 437915900 1153 1250000 SH DEFINED 1250000
FINMECCANICA COM 437915900 3228 3500000 SH SOLE 3500000
FIRST WASHINGTON REALTY TRUST CONVT 337489603 2713 100000 SH SOLE 100000
FISERV COM 337738108 5048 161200 SH DEFINED 161200
FISERV COM 337738108 12799 408750 SH SOLE 408750
FORD MOTOR COMPANY COM 345370100 16801 297700 SH SOLE 297700
FOSTERS BREWING COM 634926800 1066 375000 SH DEFINED 375000
FOSTERS BREWING COM 634926800 2204 775000 SH SOLE 775000
FRONTIER FINANCING TRUST CONVT 35907U103 7549 150000 SH SOLE 150000
FUJI HEAVY INDUSTRIES COM 635640600 2004 260000 SH DEFINED 260000
FUJI HEAVY INDUSTRIES COM 635640600 5202 675000 SH SOLE 675000
GABLES RESIDENTIAL TRUST COM 362418105 676 28000 SH DEFINED 28000
GABLES RESIDENTIAL TRUST COM 362418105 3830 158772 SH SOLE 158772
GALERIES LAFAYETTE COM 436060300 996 7500 SH DEFINED 7500
GALERIES LAFAYETTE COM 436060300 3982 30000 SH SOLE 30000
GALILEO INTERNATIONAL, INC COM 363547100 3660 68500 SH DEFINED 68500
GALILEO INTERNATIONAL, INC COM 363547100 11564 216400 SH SOLE 216400
GAMES WORKSHOP COM 037184700 1177 200000 SH SOLE 200000
GAP, INC. COM 364760108 4148 82350 SH SOLE 82350
GASONICS INTERNATIONAL CORP. COM 367278108 1894 135300 SH DEFINED 135300
GASONICS INTERNATIONAL CORP. COM 367278108 7459 532800 SH SOLE 532800
GENERAL ELECTRIC COMPANY COM 369604103 15255 135000 SH DEFINED 135000
GENERAL ELECTRIC COMPANY COM 369604103 68376 605100 SH SOLE 605100
GENERAL ELECTRIC COMPANY PLC COM 036533400 2041 200000 SH DEFINED 200000
GENERAL ELECTRIC COMPANY PLC COM 036533400 6633 650000 SH SOLE 650000
GENERALI COM 405671900 1114 32000 SH DEFINED 32000
GENERALI COM 405671900 4351 125000 SH SOLE 125000
GENZYME CORPORATION COM 372917104 209 4308 SH SOLE 4308
GETRONICS COM 502200900 907 23500 SH DEFINED 23500
GETRONICS COM 502200900 3628 94000 SH SOLE 94000
GETTY IMAGES INC CONVT 374276AC7 182 200000 PRN DEFINED 200000
GETTY IMAGES INC CONVT 374276AC7 141 200000 PRN SOLE 200000
GETTY IMAGES INC. COM 374276103 1014 53700 SH DEFINED 53700
GETTY IMAGES INC. COM 374276103 3011 159500 SH SOLE 159500
GKN PLC COM 025830400 1723 100000 SH SOLE 100000
GLENBOROUGH REALTY COM 37803P105 1750 100000 SH SOLE 100000
GLOBAL INDUSTRIES LTD COM 379336100 1681 131200 SH DEFINED 131200
GLOBAL INDUSTRIES LTD COM 379336100 7087 553100 SH SOLE 553100
GLOBAL TELESYSTEMS GROUP INC COM 37936U104 1620 20000 SH DEFINED 20000
GLOBAL TELESYSTEMS GROUP INC COM 37936U104 5670 70000 SH SOLE 70000
GN STORE NORD COM 532327400 1010 30000 SH DEFINED 30000
GN STORE NORD COM 532327400 3367 100000 SH SOLE 100000
GOLDEN BOOKS FIN TRUST CONVT 38080R103 20 5000 SH DEFINED 5000
GOLDEN BOOKS FIN TRUST CONVT 38080R103 80 20000 SH SOLE 20000
GOLDMAN SACHS GROUP, INC. COM 38141G104 361 5000 SH DEFINED 5000
GOLF TRUST OF AMERICA COM 38168B103 183 7500 SH DEFINED 7500
GOLF TRUST OF AMERICA COM 38168B103 3812 156000 SH SOLE 156000
GREAT PLAINS SOFTWARE, INC COM 39119E105 1534 32500 SH DEFINED 32500
GREAT PLAINS SOFTWARE, INC COM 39119E105 5025 106500 SH SOLE 106500
GREAT UNIVERSAL STORES COM 038470400 1142 103000 SH DEFINED 103000
GREAT UNIVERSAL STORES COM 038470400 3104 280000 SH SOLE 280000
GREENPOINT FINANCIAL CORP COM 395384100 2317 70602 SH DEFINED 70602
GREENPOINT FINANCIAL CORP COM 395384100 7645 233002 SH SOLE 233002
GROVE PROPERTY TRUST COM 399613108 2088 160600 SH SOLE 160600
GSI LUMONICS INC COM 36229U102 46 12160 SH SOLE 12160
GTE CORPORATION COM 362320103 5303 70000 SH DEFINED 70000
GTE CORPORATION COM 362320103 23861 315000 SH SOLE 315000
GUIDANT CORP COM 401698105 4115 80000 SH DEFINED 80000
GUIDANT CORP COM 401698105 13209 256800 SH SOLE 256800
GUINNESS PEAT GROUP COM 611764700 355 439913 SH DEFINED 439913
GUINNESS PEAT GROUP COM 611764700 635 785587 SH SOLE 785587
GULF INDONESIA COM 402284103 588 51100 SH DEFINED 51100
GULF INDONESIA COM 402284103 1310 113900 SH SOLE 113900
HALLIBURTON COMPANY COM 406216101 742 16400 SH SOLE 16400
HARLEY DAVIDSON INC COM 412822108 8325 153100 SH DEFINED 153100
HARLEY DAVIDSON INC COM 412822108 36067 663300 SH SOLE 663300
HEARTLAND EXPRESS INCORPORATED COM 422347104 727 44403 SH DEFINED 44403
HEARTLAND EXPRESS INCORPORATED COM 422347104 2047 125000 SH SOLE 125000
HEWLETT-PACKARD COMPANY COM 428236103 21356 212500 SH SOLE 212500
HIGHWOODS PROPERTIES COM 431284108 431 15700 SH DEFINED 15700
HIGHWOODS PROPERTIES COM 431284108 2922 106500 SH SOLE 106500
HMT TECHNOLOGY CORP CONVT 403917AD9 486 1300000 PRN DEFINED 1300000
HMT TECHNOLOGY CORP CONVT 403917AD9 5080 11511000 PRN SOLE 11511000
HOCHTIEF COM 510866400 254 5500 SH DEFINED 5500
HOCHTIEF COM 510866400 1112 24100 SH SOLE 24100
HOME DEPOT, INC. COM 437076102 5477 85000 SH DEFINED 85000
HOME DEPOT, INC. COM 437076102 47800 741800 SH SOLE 741800
HONDA MOTOR COM 643514500 1566 37000 SH DEFINED 37000
HONDA MOTOR COM 643514500 4656 110000 SH SOLE 110000
HOST MARRIOTT CORPORATION COM 44107P104 1144 96300 SH DEFINED 96300
HOST MARRIOTT CORPORATION COM 44107P104 8336 702000 SH SOLE 702000
HOST MARRIOTT FIN TRUST CONVT 441079209 208 5000 SH DEFINED 5000
HOST MARRIOTT FIN TRUST CONVT 441079209 4038 97000 SH SOLE 97000
HOUSING & COMMERCIAL BANK COM 650302000 1104 35000 SH DEFINED 35000
HOUSING & COMMERCIAL BANK COM 650302000 3784 120000 SH SOLE 120000
HSBC HOLDINGS COM 643650200 1014 27800 SH DEFINED 27800
HSBC HOLDINGS COM 643650200 3283 90000 SH SOLE 90000
HUTCHINSON TECHNOLOGY CONVT 448407AC0 291 250000 PRN DEFINED 250000
HUTCHINSON TECHNOLOGY CONVT 448407AC0 9069 7250000 PRN SOLE 7250000
IHC CALAND NV COM 444115500 3342 85000 SH SOLE 85000
IMS HEALTH INC COM 449934108 1528 48900 SH SOLE 48900
INFINTIY BROADCASTING COM 45662S102 759 25500 SH DEFINED 25500
INFINTIY BROADCASTING COM 45662S102 2371 79700 SH SOLE 79700
INGRAM MICRO INC. CONVT 457153AB0 1155 3500000 PRN DEFINED 3500000
INGRAM MICRO INC. CONVT 457153AB0 22704 70500000 PRN SOLE 70500000
INNKEEPERS USA TRUST COM 4576J0104 100 10000 SH DEFINED 10000
INNKEEPERS USA TRUST COM 4576J0104 900 90000 SH SOLE 90000
INNKEEPERS USA TRUST CONVT 4576J0302 2123 120000 SH SOLE 120000
INTEGRATED DEVICE TECH CONVT 458118AA4 405 500000 PRN DEFINED 500000
INTEGRATED DEVICE TECH CONVT 458118AA4 9681 11035000 PRN SOLE 11035000
INTEGRATED MEDICAL RESOURCES COM 45812A100 1 193741 SH SOLE 193741
INTEL CORP. COM 458140100 4165 70000 SH DEFINED 70000
INTEL CORP. COM 458140100 22307 374900 SH SOLE 374900
INTERIM SERVICE COM 45868P100 1999 96900 SH DEFINED 96900
INTERIM SERVICE CONVT 45868PAA8 269 315000 PRN DEFINED 315000
INTERIM SERVICE COM 45868P100 5000 242400 SH SOLE 242400
INTERIM SERVICE CONVT 45868PAA8 5869 6000000 PRN SOLE 6000000
INTERMEDIA COMMUNICATION COM 458801107 187 6240 SH SOLE 6240
INTERNAT'L BUSINESS MACHINES COM 459200101 14218 110000 SH DEFINED 110000
INTERNAT'L BUSINESS MACHINES COM 459200101 84478 653600 SH SOLE 653600
INTERNATIONAL NEDERLANDEN GROE COM 505887700 1596 29374 SH DEFINED 29374
INTERNATIONAL NEDERLANDEN GROE COM 505887700 5486 100990 SH SOLE 100990
INTERNATIONAL PAPER CONVT 460137201 556 10000 SH DEFINED 10000
INTERNATIONAL PAPER CONVT 460137201 3868 80000 SH SOLE 80000
INTERSHOP COMMUNICATIONS COM 549955100 1087 4500 SH DEFINED 4500
INTERSHOP COMMUNICATIONS COM 549955100 5315 22000 SH SOLE 22000
INTERSTATE HOTELS CORP COM 46088R108 17 4112 SH DEFINED 4112
INTERSTATE HOTELS CORP COM 46088R108 57 13712 SH SOLE 13712
INTRAWEST COM 460915200 1531 100000 SH SOLE 100000
INVENSYS PLC COM 080704100 1184 250000 SH DEFINED 250000
INVENSYS PLC COM 080704100 4546 960000 SH SOLE 960000
INVESTORS FINANCIAL SERVICES C COM 461915100 6180 154500 SH DEFINED 154500
INVESTORS FINANCIAL SERVICES C COM 461915100 18200 455000 SH SOLE 455000
IONA TECH COM 46206P109 198 12500 SH SOLE 12500
IRISH LIFE & PERMANENT COM 445525300 968 91275 SH DEFINED 91275
IRISH LIFE & PERMANENT COM 445525300 2194 206890 SH SOLE 206890
IRT PROPERTIES COM 450058102 491 49700 SH DEFINED 49700
IRT PROPERTIES COM 450058102 636 64400 SH SOLE 64400
ITHACA INDUSTRIES COM 465679108 90 120000 SH DEFINED 120000
ITHACA INDUSTRIES COM 465679108 1710 2280000 SH SOLE 2280000
IVEX PACKAGING CORPORATION COM 465855104 2592 117800 SH DEFINED 117800
IVEX PACKAGING CORPORATION COM 465855104 4178 189900 SH SOLE 189900
JCG HOLDINGS COM 647749300 1431 3000000 SH SOLE 3000000
JEFFERSON PILOT CORPORATION CONVT 475070207 2538 35000 SH SOLE 35000
JERONIMO MARTINS COM 447723500 1988 60000 SH DEFINED 60000
JERONIMO MARTINS COM 447723500 4242 128000 SH SOLE 128000
JOHNSON & JOHNSON COM 478160104 9310 95000 SH DEFINED 95000
JOHNSON & JOHNSON COM 478160104 29420 300200 SH SOLE 300200
JONES APPAREL GROUP INC COM 480074103 2436 71000 SH DEFINED 71000
JONES APPAREL GROUP INC COM 480074103 9477 276200 SH SOLE 276200
JULIUS BAER HOLDING COM 411695800 2001 700 SH DEFINED 700
JULIUS BAER HOLDING COM 411695800 6861 2400 SH SOLE 2400
KAMPS COM 543707800 1594 39000 SH DEFINED 39000
KAMPS COM 543707800 4414 108000 SH SOLE 108000
KAO COM 648380900 1403 50000 SH DEFINED 50000
KAO COM 648380900 5190 185000 SH SOLE 185000
KAYDON CORPORATION COM 486587108 2724 81000 SH DEFINED 81000
KAYDON CORPORATION COM 486587108 13682 406900 SH SOLE 406900
KBC BANCASSURANCE COM 547667300 28 470 SH DEFINED 470
KBC BANCASSURANCE COM 547667300 57 950 SH SOLE 950
KENT ELECTRONICS CONVT 490553AA2 400 500000 PRN DEFINED 500000
KENT ELECTRONICS CONVT 490553AA2 9719 9900000 PRN SOLE 9900000
KERR-MCGEE CORPORATION COM 492386107 2130 42435 SH SOLE 42435
KEYENCE COM 649099500 1730 9900 SH DEFINED 9900
KEYENCE COM 649099500 5068 29000 SH SOLE 29000
KIMBERLY CLARK DE MEXICO COM 249191400 814 200000 SH SOLE 200000
KIMBERLY-CLARK CORPORATION COM 494368103 4822 84600 SH DEFINED 84600
KIMBERLY-CLARK CORPORATION COM 494368103 9405 165000 SH SOLE 165000
KINGSPAN COM 449123500 207 80000 SH DEFINED 80000
KINGSPAN COM 449123500 828 320000 SH SOLE 320000
KLM FL 20 COM 448025500 653 23000 SH DEFINED 23000
KLM FL 20 COM 448025500 2613 92000 SH SOLE 92000
KNIGHT TRANSPORTATION, INC. COM 499064103 4287 200550 SH DEFINED 200550
KNIGHT TRIMARK GROUP INC COM 499067106 4192 69500 SH DEFINED 69500
KNIGHT TRIMARK GROUP INC COM 499067106 14553 241300 SH SOLE 241300
KOHLS DEPARTMENT STORES COM 500255104 5789 75000 SH DEFINED 75000
KOHLS DEPARTMENT STORES COM 500255104 79472 1029600 SH SOLE 1029600
KONINKLIJKE KPN NV COM 549080000 1412 30000 SH DEFINED 30000
KONINKLIJKE KPN NV COM 549080000 5885 125000 SH SOLE 125000
KONINKLIJKE PHILIPS ELECTRONIC COM 567143400 2049 20700 SH DEFINED 20700
KONINKLIJKE PHILIPS ELECTRONIC COM 567143400 6555 66240 SH SOLE 66240
KTM COM 515393200 1676 25000 SH SOLE 25000
KUDELSKI COM 556885900 985 275 SH DEFINED 275
KUDELSKI COM 556885900 3582 1000 SH SOLE 1000
LAMAR ADVERTISING COMPANY COM 512815101 2272 55500 SH DEFINED 55500
LAMAR ADVERTISING COMPANY COM 512815101 6075 148400 SH SOLE 148400
LASON INC COM 51808R107 1568 31591 SH SOLE 31591
LEGGETT & PLATT INCORPORATED COM 524660107 15467 556100 SH SOLE 556100
LENNAR CORP. COM 526057104 6206 258600 SH SOLE 258600
LERNOUT & HAUSPIE COM B5628B104 535 15100 SH DEFINED 15100
LERNOUT & HAUSPIE COM B5628B104 1077 30400 SH SOLE 30400
LIBERTY PROPERTY TRUST COM 531172104 1866 75000 SH DEFINED 75000
LIBERTY PROPERTY TRUST COM 531172104 3219 129400 SH SOLE 129400
LIBERTY PROPERTY TRUST CONVT 53117CAA0 9988 10000000 PRN SOLE 10000000
LIFE RE CAPITAL TRUST II CONVT 532163300 378 5000 SH DEFINED 5000
LIFEPOINT HOSPITALS INC-W/I COM 53219L109 130 9673 SH SOLE 9673
LILLY INDUSTRIAL COATINGS COM 532491107 0 0 SH SOLE 0
LINCARE, INC. COM 532791100 3233 129300 SH DEFINED 129300
LINCARE, INC. COM 532791100 10075 403000 SH SOLE 403000
LOEWEN GROUP INC CONVT 54042L506 8 10000 SH DEFINED 10000
LOEWEN GROUP INC CONVT 54042L407 459 20000 SH SOLE 20000
LOEWEN GROUP INC CONVT 54042L506 10286 490000 SH SOLE 490000
LUCENT TECHNOLOGIES INC COM 549463107 6744 100000 SH DEFINED 100000
LUCENT TECHNOLOGIES INC COM 549463107 27913 413908 SH SOLE 413908
MACK CALI REALTY COM 554489104 328 10600 SH DEFINED 10600
MACK CALI REALTY COM 554489104 2933 94800 SH SOLE 94800
MAGNETEK INC COM 559424106 528 50000 SH SOLE 50000
MAIL-WELL INC. CONVT 560321AD3 1076 1000000 PRN DEFINED 1000000
MAIL-WELL INC. CONVT 560321AD3 26141 29800000 PRN SOLE 29800000
MANILA ELECTRIC B (MERALCO) COM 657483300 288 80000 SH SOLE 80000
MANNESMANN AG COM 546095500 1123 7500 SH DEFINED 7500
MANNESMANN AG COM 546095500 7935 53000 SH SOLE 53000
MANUFACTURED HOME COMMUNITIES COM 564682102 2267 87200 SH DEFINED 87200
MANUFACTURED HOME COMMUNITIES COM 564682102 6630 255000 SH SOLE 255000
MARINE DRILLING COMPANIES, INC COM 568240204 977 71400 SH DEFINED 71400
MARINE DRILLING COMPANIES, INC COM 568240204 3935 287500 SH SOLE 287500
MARK VII, INC. COM 570414102 3907 235000 SH DEFINED 235000
MARK VII, INC. COM 570414102 10509 632100 SH SOLE 632100
MARSCHOLLEK LAUTENSCHLAGER PAR COM 511986000 4302 9000 SH SOLE 9000
MARSHALL & ILSLEY CORP COM 571834100 62005 963188 SH SOLE 963188
MASON STREET AGGRESSIVE GROWTH COM 575337100 40760 2500600 SH SOLE 2500600
MASON STREET AGGRESSIVE GROWTH COM 575337209 10 600 SH SOLE 600
MASON STREET ASSET ALLOCATION COM 575337852 8 600 SH SOLE 600
MASON STREET ASSET ALLOCATION COM 575337860 33033 2500600 SH SOLE 2500600
MASON STREET GROWTH & INCOME S COM 575337704 32058 2500600 SH SOLE 2500600
MASON STREET GROWTH & INCOME S COM 575337803 8 600 SH SOLE 600
MASON STREET GROWTH STOCK FUND COM 575337506 42410 2500600 SH SOLE 2500600
MASON STREET GROWTH STOCK FUND COM 575337605 10 600 SH SOLE 600
MASON STREET HIGH YIELD BOND F COM 575337837 7 777 SH SOLE 777
MASON STREET HIGH YIELD BOND F COM 575337845 28679 3281368 SH SOLE 3281368
MASON STREET INDEX 400 FUND COM 575337761 105 10500 SH SOLE 10500
MASON STREET INDEX 400 FUND COM 575337779 5 500 SH SOLE 500
MASON STREET INDEX 500 STOCK F COM 575337878 11 600 SH SOLE 600
MASON STREET INDEX 500 STOCK F COM 575337886 44186 2500600 SH SOLE 2500600
MASON STREET INTERNATIONAL FUN COM 575337308 24681 2500600 SH SOLE 2500600
MASON STREET INTERNATIONAL FUN COM 575337407 6 600 SH SOLE 600
MASON STREET MUNICIPAL BOND FU COM 575337811 7 666 SH SOLE 666
MASON STREET MUNICIPAL BOND FU COM 575337829 29015 2816971 SH SOLE 2816971
MASON STREET SELECT BOND FUND COM 575337787 7 726 SH SOLE 726
MASON STREET SELECT BOND FUND COM 575337795 29007 3069531 SH SOLE 3069531
MASON STREET SMALL CAP FUND COM 575337746 105 10500 SH SOLE 10500
MASON STREET SMALL CAP FUND COM 575337753 5 500 SH SOLE 500
MATAV COM 559776109 825 30000 SH DEFINED 30000
MATAV COM 559776109 3190 116000 SH SOLE 116000
MAXTOR CORP CONVT 243664208 398 60000 SH DEFINED 60000
MAXTOR CORP CONVT 243664208 11031 885000 SH SOLE 885000
MAYTAG CORPORATION COM 578592107 3728 53500 SH SOLE 53500
MC DONALD'S CORPORATION COM 580135101 6941 168000 SH DEFINED 168000
MC DONALD'S CORPORATION COM 580135101 30303 733500 SH SOLE 733500
MCGRAW-HILL COMPANIES INC COM 580645109 32249 597900 SH SOLE 597900
MCI WORLD COM INC COM 55268B106 8176 95000 SH DEFINED 95000
MCI WORLD COM INC COM 55268B106 36129 419800 SH SOLE 419800
MCN ENERGY GROUP INC CONVT 55267J308 1000 20000 SH SOLE 20000
MEDICAL CARE INTERNATIONAL INC CONVT 584505AC5 872 1000000 PRN SOLE 1000000
MEDITRUST CORPORATION COM 58501T306 145 11117 SH DEFINED 11117
MEDITRUST CORPORATION COM 58501T306 9979 763944 SH SOLE 763944
MEDPARTNERS INC CONVT 58503X206 6474 340000 SH SOLE 340000
MEDTRONIC, INCORPORATED COM 585055106 5841 75000 SH DEFINED 75000
MEDTRONIC, INCORPORATED COM 585055106 31251 401300 SH SOLE 401300
MEITEC COM 6576356XX 94 2800 SH SOLE 2800
MERCK & CO., INC. COM 589331107 5920 80000 SH DEFINED 80000
MERCK & CO., INC. COM 589331107 28986 391700 SH SOLE 391700
MERITA COM 482717500 2508 440000 SH SOLE 440000
MERKANTILDATA ASA COM 545716200 1062 110000 SH DEFINED 110000
MERKANTILDATA ASA COM 545716200 2897 300000 SH SOLE 300000
MERRILL LYNCH CONVT 590188751 7996 210000 SH SOLE 210000
METAMOR WORLDWIDE INC CONVT 59133PAA8 399 500000 PRN DEFINED 500000
METAMOR WORLDWIDE INC CONVT 59133PAA8 9806 12500000 PRN SOLE 12500000
METROPOLITAN BANK AND TRUST CO COM 658435900 1560 156000 SH SOLE 156000
METZLER GROUP INC COM 592903108 1383 50050 SH DEFINED 50050
METZLER GROUP INC COM 592903108 4401 159300 SH SOLE 159300
MGIC INVESTMENT CORP COM 552848103 199393 11948392 SH SOLE 11948392
MICHAELS STORES INC COM 594087108 4009 130900 SH DEFINED 130900
MICHAELS STORES INC COM 594087108 12651 413100 SH SOLE 413100
MICROSOFT CORPORATION COM 594918104 17136 190000 SH DEFINED 190000
MICROSOFT CORPORATION COM 594918104 67496 748400 SH SOLE 748400
MIH COM G6116R101 676 25500 SH DEFINED 25500
MIH COM G6116R101 2544 96000 SH SOLE 96000
MOBIL CORPORATION COM 607059102 4455 45000 SH DEFINED 45000
MOBIL CORPORATION COM 607059102 12316 124400 SH SOLE 124400
MODERN TIMES GROUP COM 532812700 5244 240000 SH SOLE 240000
MORGAN STANLEY DEAN WITTER CO COM 617446448 5228 51000 SH DEFINED 51000
MORGAN STANLEY DEAN WITTER CO COM 617446448 39531 385670 SH SOLE 385670
NABI INC COM 628716102 106 37569 SH SOLE 37569
NABORS IND INC COM 629568106 2713 111000 SH DEFINED 111000
NABORS IND INC COM 629568106 9008 368600 SH SOLE 368600
NATIONAL AUSTRALIA BANK CONVT 632525309 304 10000 SH DEFINED 10000
NATIONAL AUSTRALIA BANK CONVT 632525309 9575 383000 SH SOLE 383000
NATIONAL DATA CORP CONVT 635621AA3 1044 1000000 PRN DEFINED 1000000
NATIONAL DATA CORP CONVT 635621AA3 16026 16125000 PRN SOLE 16125000
NATIONAL GRID COM 024282400 1487 213750 SH DEFINED 213750
NATIONAL GRID COM 024282400 3339 480000 SH SOLE 480000
NEW PLAN EXCEL RLTY TR INC CONVT 648053205 5000 200000 SH SOLE 200000
NEW WORLD DEVELOPMENT COM 663376700 1752 584614 SH SOLE 584614
NEW YORK TIMES COMPANY COM 650111107 2400 65200 SH DEFINED 65200
NEW YORK TIMES COMPANY COM 650111107 25298 687200 SH SOLE 687200
NEWELL CO. CONVT 651195307 271 5000 SH DEFINED 5000
NEWELL CO. CONVT 651195307 8941 170000 SH SOLE 170000
NEWHALL LAND AND FARMING LTD P COM 651426108 1780 72300 SH SOLE 72300
NEXTEL COMMUNICATIONS INC. COM 65332V103 3011 60000 SH DEFINED 60000
NEXTEL COMMUNICATIONS INC. COM 65332V103 11995 239000 SH SOLE 239000
NIPPON TEL & TEL COM 664137300 1280 110 SH DEFINED 110
NIPPON TEL & TEL COM 664137300 5061 435 SH SOLE 435
NOBLE DRILLING CORP COM 655042109 610 31000 SH SOLE 31000
NOKIA A SHARES COM 565521200 4925 56000 SH DEFINED 56000
NOKIA A SHARES COM 565521200 19700 224000 SH SOLE 224000
NORTEL NETWORK CORP COM 656569100 6077 70000 SH DEFINED 70000
NORTEL NETWORK CORP COM 656569100 21712 250100 SH SOLE 250100
NOVARTIS LTD COM 504783100 1172 800 SH DEFINED 800
NOVARTIS LTD COM 504783100 4395 3000 SH SOLE 3000
NOVUS PETROLEUM COM 664969000 1115 1000000 SH DEFINED 1000000
NOVUS PETROLEUM COM 664969000 1673 1500000 SH SOLE 1500000
NTT DATA COM 612563900 5159 6500 SH SOLE 6500
NTT DOCOMO COM 612927700 1353 100 SH DEFINED 100
NTT DOCOMO COM 612927700 5413 400 SH SOLE 400
O'REILLY AUTOMOTIVE, INC. COM 686091109 7199 142900 SH DEFINED 142900
O'REILLY AUTOMOTIVE, INC. COM 686091109 24240 481200 SH SOLE 481200
OCCIDENTAL PETROLEUM CORPORATI CONVT 674599790 579 10000 SH DEFINED 10000
OCCIDENTAL PETROLEUM CORPORATI CONVT 674599790 7712 155300 SH SOLE 155300
OFC INVESTMENTS COM 666369000 762 91289 SH DEFINED 91289
OFC INVESTMENTS COM 666369000 2202 263726 SH SOLE 263726
OFFSHORE LOGISTICS, INC CONVT 676255AF9 4326 5000000 PRN SOLE 5000000
OIL SEARCH COM 665760400 1646 1100000 SH DEFINED 1100000
OIL SEARCH COM 665760400 2993 2000000 SH SOLE 2000000
ORBOTECH COM M75253100 1720 33000 SH DEFINED 33000
ORBOTECH COM M75253100 5525 106000 SH SOLE 106000
OWENS-ILLINOIS INC. CONVT 690768502 219 5000 SH DEFINED 5000
OWENS-ILLINOIS INC. CONVT 690768502 5031 115000 SH SOLE 115000
PARKER DRILLING CORP CONVT 701081AD3 330 500000 PRN DEFINED 500000
PARKER DRILLING CORP CONVT 701081AD3 3289 3250000 PRN SOLE 3250000
PARKWAY PROPERTIES INC COM 70159Q104 828 25000 SH DEFINED 25000
PARKWAY PROPERTIES INC COM 70159Q104 3627 109500 SH SOLE 109500
PASMINCO COM 667108000 668 600000 SH DEFINED 600000
PASMINCO COM 667108000 2673 2400000 SH SOLE 2400000
PATRIOT AMERICAN HOSPITALITY I COM 703352203 524 123387 SH DEFINED 123387
PATRIOT AMERICAN HOSPITALITY I COM 703352203 1748 411384 SH SOLE 411384
PATTERSON DENTAL COMPANY COM 703412106 4177 120200 SH DEFINED 120200
PATTERSON DENTAL COMPANY COM 703412106 14254 410200 SH SOLE 410200
PAYCHEX INCORPORATED COM 704326107 8074 253300 SH SOLE 253300
PEARSON COM 067760800 1006 50000 SH DEFINED 50000
PEARSON COM 067760800 3522 175000 SH SOLE 175000
PEDIATRIX MEDICAL GROUP INC. COM 705324101 903 42500 SH DEFINED 42500
PEDIATRIX MEDICAL GROUP INC. COM 705324101 3194 150300 SH SOLE 150300
PENNCORP FINL GROUP INC CONVT 708094305 40 5000 SH DEFINED 5000
PEPSI BOTTLING GROUP INC COM 713409100 3868 167700 SH DEFINED 167700
PEPSI BOTTLING GROUP INC COM 713409100 16132 699500 SH SOLE 699500
PEPSICO INC. COM 713448108 7351 190000 SH DEFINED 190000
PEPSICO INC. COM 713448108 36034 931400 SH SOLE 931400
PEREGRINE INVESTMENTS COM 668293000 901 1625000 SH SOLE 1625000
PFIZER INC. COM 717081103 5488 50000 SH DEFINED 50000
PFIZER INC. COM 717081103 29852 272000 SH SOLE 272000
PHARMACIA & UPJOHN INC COM 716941109 5681 100000 SH DEFINED 100000
PHILIP MORRIS COMPANIES COM 718154107 4220 105000 SH DEFINED 105000
PHOTRONICS INC. CONVT 719405AA0 15766 15000000 PRN SOLE 15000000
PILKINGTON PLC COM 068846200 2511 1830000 SH SOLE 1830000
PIONEER STANDARD ELECTRO CONVT 723879300 7000 140000 SH SOLE 140000
PIZZA EXPRESS COM 084195300 1379 95000 SH DEFINED 95000
PIZZA EXPRESS COM 084195300 3483 240000 SH SOLE 240000
PMC-SIERRA INC. COM 69344F106 5528 93800 SH DEFINED 93800
PMC-SIERRA INC. COM 69344F106 14723 249800 SH SOLE 249800
POGO PRODUCING CO CONVT 730448AC1 4500 4500000 PRN SOLE 4500000
POHANG IRON & STEEL (POSCO) COM 669323300 2367 20000 SH SOLE 20000
POHANG IRON & STEEL (POSCO) - COM 730450103 4035 120000 SH SOLE 120000
PORSCHE AG NV PFD DM50 COM 469678400 1769 750 SH DEFINED 750
PORSCHE AG NV PFD DM50 COM 469678400 6487 2750 SH SOLE 2750
POST PROPERTIES INC. COM 737464107 1287 31380 SH DEFINED 31380
POST PROPERTIES INC. COM 737464107 5625 137194 SH SOLE 137194
PRECISION DRILLING CORP COM 74022D100 690 36200 SH SOLE 36200
PRIDE INTERNATIONAL INC CONVT 741932AB3 618 2000000 PRN DEFINED 2000000
PRIDE INTERNATIONAL INC CONVT 741932AB3 16827 65000000 PRN SOLE 65000000
PRISM FINANCIAL CORP COM 74264Q108 838 41000 SH DEFINED 41000
PRISM FINANCIAL CORP COM 74264Q108 2808 137400 SH SOLE 137400
PROCTER & GAMBLE COMPANY COM 742718109 7809 87500 SH DEFINED 87500
PROCTER & GAMBLE COMPANY COM 742718109 31889 357300 SH SOLE 357300
PROVINCE HEALTHCARE COMPANY COM 743977100 1268 65000 SH DEFINED 65000
PROVINCE HEALTHCARE COMPANY COM 743977100 4984 255590 SH SOLE 255590
PROXICOM COM 744282104 249 9700 SH DEFINED 9700
PROXICOM COM 744282104 801 31200 SH SOLE 31200
PRUDENTIAL CORP. COM 070995400 1480 100000 SH DEFINED 100000
PRUDENTIAL CORP. COM 070995400 5918 400000 SH SOLE 400000
PSS WORLD MEDICAL INC COM 69366A100 870 77800 SH DEFINED 77800
PSS WORLD MEDICAL INC COM 69366A100 2732 244200 SH SOLE 244200
PTTEP - FOREIGN COM 666546900 2449 320000 SH SOLE 320000
PUBLIC STORAGE INC CSP COM 74460D109 1887 67400 SH DEFINED 67400
PUBLIC STORAGE INC CSP COM 74460D109 8526 304500 SH SOLE 304500
QLOGIC CORPORATION COM 747277101 6442 48800 SH DEFINED 48800
QLOGIC CORPORATION COM 747277101 16038 121500 SH SOLE 121500
QUAKER OATS COMPANY COM 747402105 3697 55700 SH DEFINED 55700
QUAKER OATS COMPANY COM 747402105 16375 246700 SH SOLE 246700
QUORUM HEALTH GROUP, INC. COM 749084109 1182 94050 SH DEFINED 94050
QUORUM HEALTH GROUP, INC. COM 749084109 3724 296404 SH SOLE 296404
RAMP NETWORKS COM 751567108 312 21800 SH DEFINED 21800
RAMP NETWORKS COM 751567108 1076 75200 SH SOLE 75200
RAPALA COM 555524800 1453 205000 SH SOLE 205000
REGENCY REALTY CORP COM 758939102 211 9600 SH DEFINED 9600
REGENCY REALTY CORP COM 758939102 3563 162400 SH SOLE 162400
RENTAL SERVICE CORPORATION COM 76009V102 1346 47029 SH SOLE 47029
REPTRON ELECTRONICS INC CONVT 76026WAA7 4405 4700000 PRN SOLE 4700000
REPUBLIC SERVICES, INC. - CL. COM 760759100 6940 280400 SH DEFINED 280400
REPUBLIC SERVICES, INC. - CL. COM 760759100 22518 909800 SH SOLE 909800
RITE AID CORPORATION COM 767754104 182 7410 SH DEFINED 7410
ROBERT HALF INTERNATIONAL INC COM 770323103 577 22200 SH DEFINED 22200
ROBERT HALF INTERNATIONAL INC COM 770323103 1801 69272 SH SOLE 69272
ROUSE CO COM 779273101 987 38900 SH DEFINED 38900
ROUSE CO COM 779273101 1449 57100 SH SOLE 57100
ROYAL & SUN ALLIANCE GROUP PLC COM 085963300 3672 409090 SH SOLE 409090
RYANAIR COM 783513104 302 5700 SH DEFINED 5700
RYANAIR COM 783513104 1166 22000 SH SOLE 22000
RYOHIN KEIKAKU COM 675845500 2512 10000 SH DEFINED 10000
RYOHIN KEIKAKU COM 675845500 9422 37500 SH SOLE 37500
SAIPEM COM 476876800 1101 275000 SH DEFINED 275000
SAIPEM COM 476876800 3944 985000 SH SOLE 985000
SALOMON INC CONVT 79549B867 770 10000 SH DEFINED 10000
SALOMON INC CONVT 79549B867 3624 65000 SH SOLE 65000
SANMINA CORP COM 800907107 357 4700 SH DEFINED 4700
SANMINA CORP COM 800907107 994 13100 SH SOLE 13100
SANTA FE INTERNATIONAL COM G7805C108 644 28000 SH SOLE 28000
SANTA FE SNYDER CORP COM 80218K105 1182 155000 SH SOLE 155000
SBC COMMUNICATIONS INCORPORATE COM 78387G103 4350 75000 SH DEFINED 75000
SCHLUMBERGER LIMITED COM 806857108 1739 27300 SH DEFINED 27300
SCHLUMBERGER LIMITED COM 806857108 7057 110800 SH SOLE 110800
SCHOOL SPECIALTY INC COM 807863105 21 1318 SH DEFINED 1318
SCHOOL SPECIALTY INC COM 807863105 377 23472 SH SOLE 23472
SCI SYSTEMS COM 783890106 1948 41017 SH DEFINED 41017
SCI SYSTEMS COM 783890106 44811 943396 SH SOLE 943396
SEAGRAM COMPANY LTD. COM 811850106 403 8000 SH DEFINED 8000
SEAGRAM COMPANY LTD. COM 811850106 1612 32000 SH SOLE 32000
SECOM CO. COM 679159100 4159 40000 SH SOLE 40000
SECURICOR COM 079199500 1244 140000 SH DEFINED 140000
SECURICOR COM 079199500 4442 500000 SH SOLE 500000
SECURITY CAPITAL GROUP COM 81413P105 39227 56039 SH SOLE 56039
SECURITY CAPITAL US REALTY COM 508741700 22258 1171465 SH SOLE 1171465
SEITA COM 479883900 4056 70000 SH SOLE 70000
SEMTECH CORP COM 816850101 2690 51600 SH DEFINED 51600
SEMTECH CORP COM 816850101 9080 174200 SH SOLE 174200
SERCO GROUP COM 079737900 1353 60000 SH DEFINED 60000
SERCO GROUP COM 079737900 3947 175000 SH SOLE 175000
SERVICEMASTER CO COM 81760N109 3727 198750 SH DEFINED 198750
SERVICEMASTER CO COM 81760N109 9094 485000 SH SOLE 485000
SES ASTRA COM 549343400 2181 15000 SH SOLE 15000
SHOHKOH FUND COM 680571500 6446 9000 SH SOLE 9000
SIAM COMMERCIAL BANK - PFD. SH COM 615372600 605 425000 SH DEFINED 425000
SIAM COMMERCIAL BANK - PFD. SH COM 615372600 2244 1575000 SH SOLE 1575000
SIAM COMMERCIAL BANK - WARRANT COM 615370400 274 425000 SH DEFINED 425000
SIAM COMMERCIAL BANK - WARRANT COM 615370400 1015 1575000 SH SOLE 1575000
SIDEL COM 509243300 1830 15000 SH DEFINED 15000
SIDEL COM 509243300 7319 60000 SH SOLE 60000
SIEMENS AG COM 504773400 774 10000 SH DEFINED 10000
SIEMENS AG COM 504773400 3096 40000 SH SOLE 40000
SIMON PROPERTY GROUP INC COM 828806109 3003 118352 SH DEFINED 118352
SIMON PROPERTY GROUP INC COM 828806109 13713 540432 SH SOLE 540432
SIXT PFD COM 527127600 1800 33450 SH DEFINED 33450
SIXT PFD COM 527127600 5649 105000 SH SOLE 105000
SKANDIA FORSAKRINGS COM 546157200 1883 100000 SH DEFINED 100000
SKANDIA FORSAKRINGS COM 546157200 4707 250000 SH SOLE 250000
SLM INTERNATIONAL INC COM 784414203 3940 394015 SH SOLE 394015
SM PRIME HOLDINGS COM 681884300 566 2500000 SH DEFINED 2500000
SM PRIME HOLDINGS COM 681884300 1471 6500000 SH SOLE 6500000
SMITH INTERNATIONAL INC COM 832110100 704 16200 SH SOLE 16200
SMITHKLINE BEECHAM PLC COM 013565600 975 75000 SH DEFINED 75000
SMITHKLINE BEECHAM PLC COM 013565600 4812 370000 SH SOLE 370000
SOL MELIA COM 507890500 5720 135000 SH SOLE 135000
SOLECTRON CONVT 834182AG2 879 1500000 PRN DEFINED 1500000
SOLECTRON CONVT 834182AG2 9212 20000000 PRN SOLE 20000000
SONY CORPORATION COM 682150600 1077 10000 SH DEFINED 10000
SONY CORPORATION COM 682150600 3769 35000 SH SOLE 35000
SORIANA COM 262017200 848 246800 SH DEFINED 246800
SORIANA COM 262017200 2891 841200 SH SOLE 841200
SOUTHWEST AIRLINES CO. COM 844741108 19176 616100 SH SOLE 616100
SOVEREIGN BANCORP INC COM 845905108 2178 179600 SH SOLE 179600
SPIEKER PROPERTIES COM 848497103 972 25000 SH DEFINED 25000
SPIEKER PROPERTIES COM 848497103 4859 125000 SH SOLE 125000
ST JOE COMPANY COM 790148100 473 17500 SH DEFINED 17500
ST JOE COMPANY COM 790148100 4253 157500 SH SOLE 157500
ST. GOBAIN FF100 CIE DE COM 476837100 1119 7000 SH DEFINED 7000
ST. GOBAIN FF100 CIE DE COM 476837100 4796 30000 SH SOLE 30000
ST. JAMES'S PLACE COM 076693700 2008 550000 SH SOLE 550000
STANCORP FINANCIAL GROUP INC COM 852891100 21000 700000 SH SOLE 700000
STAR GAS PARTNERS LP COM 85512C105 674 39202 SH DEFINED 39202
STAR GAS PARTNERS LP COM 85512C105 97 6217 SH SOLE 6217
STARWOOD HOTELS & RESORTS WORL COM 85590A203 654 21400 SH DEFINED 21400
STARWOOD HOTELS & RESORTS WORL COM 85590A203 6831 223507 SH SOLE 223507
STEINER LEISURE LTD COM P8744Y102 3625 119600 SH DEFINED 119600
STEINER LEISURE LTD COM P8744Y102 10367 342000 SH SOLE 342000
STERLING SOFTWARE, INC. COM 859547101 3074 115200 SH DEFINED 115200
STERLING SOFTWARE, INC. COM 859547101 9194 344500 SH SOLE 344500
STEWART ENTERPRISES COM 860370105 1120 76900 SH DEFINED 76900
STEWART ENTERPRISES COM 860370105 3057 209900 SH SOLE 209900
STINNES COM 569518800 469 30000 SH DEFINED 30000
STINNES COM 569518800 1812 116000 SH SOLE 116000
STMICROELECTRONICS COM 477670500 4010 60000 SH SOLE 60000
STONERIDGE, INC. COM 86183P102 2036 150800 SH DEFINED 150800
STONERIDGE, INC. COM 86183P102 5939 439900 SH SOLE 439900
STORA ENSO COM 507267300 1022 95000 SH DEFINED 95000
STORA ENSO COM 507267300 4035 375000 SH SOLE 375000
SUEZ LYONNAIS DES EAUX COM 454043800 2172 12000 SH DEFINED 12000
SUEZ LYONNAIS DES EAUX COM 454043800 5429 30000 SH SOLE 30000
SUN COMMUNITIES COM 866674104 621 17500 SH DEFINED 17500
SUN COMMUNITIES COM 866674104 1864 52500 SH SOLE 52500
SUN MICROSYSTEMS INC COM 866810104 2411 35000 SH DEFINED 35000
SUN MICROSYSTEMS INC COM 866810104 10317 149800 SH SOLE 149800
SUNGEI WAY HOLDINGS BHD CONVT 86736XAA5 1000 1000000 PRN SOLE 1000000
SUNSTONE HOTEL INVESTORS INC COM 867933103 775 91200 SH DEFINED 91200
SUNSTONE HOTEL INVESTORS INC COM 867933103 2710 318800 SH SOLE 318800
SWIFT TRANSPORTATION CO. INC COM 870756103 3714 168825 SH DEFINED 168825
SWIFT TRANSPORTATION CO. INC COM 870756103 10880 494525 SH SOLE 494525
SYBRON INTL COM 87114F106 3749 136000 SH DEFINED 136000
SYBRON INTL COM 87114F106 12508 453800 SH SOLE 453800
SYNOPSYS COM 871607107 1832 33200 SH DEFINED 33200
SYNOPSYS COM 871607107 5464 99000 SH SOLE 99000
SYSTEM SOFTWARE ASSOCIATES CONVT 871839AA4 2000 2000000 PRN SOLE 2000000
TAKEDA COM 687044500 694 15000 SH DEFINED 15000
TAKEDA COM 687044500 2083 45000 SH SOLE 45000
TANDBERG TELEVISION COM 517669400 648 63000 SH SOLE 63000
TCI PACIFIC COMMUNICATIONS CONVT 872294202 310 1000 SH DEFINED 1000
TCI PACIFIC COMMUNICATIONS CONVT 872294202 7105 79000 SH SOLE 79000
TELECOM CO. OF NEW ZEALAND COM 688143600 867 200000 SH DEFINED 200000
TELECOM CO. OF NEW ZEALAND COM 688143600 2384 550000 SH SOLE 550000
TELECOM ITALIA - AFTER MERGE COM 529750600 1040 100000 SH DEFINED 100000
TELECOM ITALIA - AFTER MERGE COM 529750600 6762 650000 SH SOLE 650000
TELEFLEX INCORPORATED COM 879369106 3914 90100 SH DEFINED 90100
TELEFLEX INCORPORATED COM 879369106 15121 348100 SH SOLE 348100
TELEFONICA DE ESPANA SA ORD COM 488082200 1450 30000 SH DEFINED 30000
TELEFONICA DE ESPANA SA ORD COM 488082200 6766 140000 SH SOLE 140000
TELEFONOS DE MEXICO (TELMEX) COM 879403780 1455 18000 SH DEFINED 18000
TELEFONOS DE MEXICO (TELMEX) COM 879403780 4728 58500 SH SOLE 58500
TELINFO COM 488119300 522 4600 SH DEFINED 4600
TELINFO COM 488119300 2087 18400 SH SOLE 18400
TELLABS INC COM 879664100 15668 231900 SH SOLE 231900
TENET HEALTHCARE CORP COM 88033G100 1169 63000 SH SOLE 63000
TETRA TECH INC. COM 88162G103 2963 179593 SH DEFINED 179593
TETRA TECH INC. COM 88162G103 9598 581695 SH SOLE 581695
TEXACO INC. COM 881694103 2375 38000 SH DEFINED 38000
TEXACO INC. COM 881694103 10875 174000 SH SOLE 174000
TEXAS INDUSTRIES (TXI CAPITAL CONVT 873119200 7318 200000 SH SOLE 200000
TEXAS INSTRUMENTS INCORPORATED COM 882508104 2900 20000 SH DEFINED 20000
TEXAS INSTRUMENTS INCORPORATED COM 882508104 12818 88400 SH SOLE 88400
THE CORPORATE EXECUTIVE BOARD COM 21988R102 1049 29500 SH DEFINED 29500
THE CORPORATE EXECUTIVE BOARD COM 21988R102 3716 104500 SH SOLE 104500
THE MEN'S WAREHOUSE INC COM 587118100 1257 49278 SH DEFINED 49278
THE MEN'S WAREHOUSE INC COM 587118100 3307 129686 SH SOLE 129686
THETA COM 604077600 904 250000 SH DEFINED 250000
THETA COM 604077600 3256 900000 SH SOLE 900000
TOMRA SYSTEMS ASA COM 489708200 4702 125000 SH SOLE 125000
TRAMMELL CROW COMPANY COM 89288R106 1576 95900 SH DEFINED 95900
TRAMMELL CROW COMPANY COM 89288R106 4695 285600 SH SOLE 285600
TRANSACTION SYSTEMS ARCHITECTS COM 893416107 2590 66400 SH DEFINED 66400
TRANSACTION SYSTEMS ARCHITECTS COM 893416107 7749 198700 SH SOLE 198700
TRANSOCEAN OFFSHORE,INC COM G90076103 2546 97000 SH DEFINED 97000
TRANSOCEAN OFFSHORE,INC COM G90076103 9938 378600 SH SOLE 378600
TREESOURCE INDUSTRIES INC COM 894688100 144 354821 SH SOLE 354821
TRI STAR AEROSPACE CO COM 89674L101 955 115700 SH DEFINED 115700
TRI STAR AEROSPACE CO COM 89674L101 3201 388000 SH SOLE 388000
TRIAD HOSPITALS INC-W/I COM 89579K109 131 9673 SH SOLE 9673
TRIBUNE COMPANY COM 896047107 34606 397200 SH SOLE 397200
TRIBUNE COMPANY CONVT DEL047305 5431 20000 PRN SOLE 20000
TRIUMPH GROUP INC. COM 896818101 1285 50400 SH DEFINED 50400
TRIUMPH GROUP INC. COM 896818101 3647 143000 SH SOLE 143000
TRIZEC HAHN CORP COM 896938107 1661 81500 SH DEFINED 81500
TRIZEC HAHN CORP COM 896938107 5002 245500 SH SOLE 245500
TRUE NORTH COMMUNICATIONS COM 897844106 84666 2822199 SH SOLE 2822199
TUBOSCOPE VETCO INTERNATIONAL COM 898600101 10607 774952 SH SOLE 774952
TYCO INTERNATIONAL LTD COM 902124106 9949 105000 SH DEFINED 105000
TYCO INTERNATIONAL LTD COM 902124106 48256 509300 SH SOLE 509300
UNILEVER N V COM 904784709 4733 67857 SH DEFINED 67857
UNILEVER N V COM 904784709 19561 280446 SH SOLE 280446
UNION BANK OF SWITZERLAND COM 548595800 1078 3600 SH DEFINED 3600
UNION BANK OF SWITZERLAND COM 548595800 4192 14000 SH SOLE 14000
UNION PACIFIC CAP TRUST CONVT 907824403 256 5000 SH DEFINED 5000
UNION PACIFIC CAP TRUST CONVT 907824403 4788 100000 SH SOLE 100000
UNIPHASE CORP COM 909149106 6242 37600 SH DEFINED 37600
UNIPHASE CORP COM 909149106 23323 140500 SH SOLE 140500
UNITED OVERSEAS BANK LTD COM 691677000 2450 350174 SH SOLE 350174
UNITED PAN-EUROPE COMMUNICATIO COM 561746100 1361 25000 SH DEFINED 25000
UNITED PAN-EUROPE COMMUNICATIO COM 561746100 3265 60000 SH SOLE 60000
UNOCAL CORP CONVT 91528T207 551 10000 SH DEFINED 10000
UNOCAL CORP CONVT 91528T207 20174 395000 SH SOLE 395000
UPM KYMMENE COM 505125200 777 27000 SH DEFINED 27000
UPM KYMMENE COM 505125200 2948 102500 SH SOLE 102500
URBAN SHOPPING CENTERS COM 917060105 1247 39600 SH DEFINED 39600
URBAN SHOPPING CENTERS COM 917060105 2079 66000 SH SOLE 66000
US BANKCORP COM 902973106 4760 140000 SH DEFINED 140000
USX CORPORATION (RMI TITANIUM) CONVT 902905793 3741 175000 SH SOLE 175000
VANSTAR CORPORATION CONVT 92208Q208 2288 104000 SH SOLE 104000
VEBA EG COM 494290400 1563 26500 SH DEFINED 26500
VEBA EG COM 494290400 5774 97900 SH SOLE 97900
VENDEX NON FOOD COM 556238900 3362 125460 SH SOLE 125460
VERISIGN INC COM 92343E102 414 4800 SH DEFINED 4800
VERISIGN INC COM 92343E102 1328 15400 SH SOLE 15400
VESTAS WIND SYSTEMS COM 544489600 1760 20000 SH DEFINED 20000
VESTAS WIND SYSTEMS COM 544489600 5719 65000 SH SOLE 65000
VIATEL COM 925529208 69 12454 SH DEFINED 12454
VIROPHARMA, INC. COM 928241108 922 119997 SH SOLE 119997
VISIO CORPORATION COM 927914101 834 21900 SH DEFINED 21900
VISIO CORPORATION COM 927914101 2771 72800 SH SOLE 72800
VIVENDI COM 568723700 1131 13911 SH DEFINED 13911
VIVENDI COM 568723700 4659 57325 SH SOLE 57325
VODAFONE AIRTOUCH PLC COM 071921000 2235 112826 SH DEFINED 112826
VODAFONE AIRTOUCH PLC COM 071921000 7947 401125 SH SOLE 401125
VOLVO "B" COM 493773900 1022 35000 SH DEFINED 35000
VOLVO "B" COM 493773900 4087 140000 SH SOLE 140000
VORNADO OPERATING COMPANY COM 92904N103 120 15000 SH SOLE 15000
VORNADO REALTY TRUST CONVT 929042208 505 10000 SH DEFINED 10000
VORNADO REALTY TRUST COM 929042109 4414 125000 SH SOLE 125000
VORNADO REALTY TRUST CONVT 929042208 15588 306500 SH SOLE 306500
W.W. GRAINGER, INC. COM 384802104 2422 45000 SH DEFINED 45000
W.W. GRAINGER, INC. COM 384802104 14153 263000 SH SOLE 263000
WALGREEN COMPANY COM 931422109 8813 300000 SH DEFINED 300000
WALGREEN COMPANY COM 931422109 46606 1586600 SH SOLE 1586600
WALMART STORES INC COM 931142103 8685 180000 SH DEFINED 180000
WALMART STORES INC COM 931142103 54822 1136200 SH SOLE 1136200
WALT DISNEY COMPANY COM 254687106 3698 120000 SH DEFINED 120000
WALT DISNEY COMPANY COM 254687106 14787 479900 SH SOLE 479900
WARNER-LAMBERT COMPANY COM 934488107 14416 207800 SH SOLE 207800
WASTE MANAGEMENT NEW COM 94106L109 3763 70000 SH DEFINED 70000
WASTE MANAGEMENT NEW COM 94106L109 18667 347300 SH SOLE 347300
WBK STRYPES TRUST CONVT 929229102 784 25000 SH SOLE 25000
WEATHERFORD INT'L INC COM 947074100 2069 56500 SH DEFINED 56500
WEATHERFORD INT'L INC COM 947074100 8101 221200 SH SOLE 221200
WEATHERFORD INTL INC CONVT 268939402 10843 355200 SH SOLE 355200
WEEKS CORPORATION COM 94856P102 2721 89200 SH DEFINED 89200
WEEKS CORPORATION COM 94856P102 3642 119400 SH SOLE 119400
WELLA PFD. COM 494670200 1094 1500 SH DEFINED 1500
WELLA PFD. COM 494670200 4377 6000 SH SOLE 6000
WESLEY JESSEN VISIONCARE COM 951018100 5109 157800 SH DEFINED 157800
WESLEY JESSEN VISIONCARE COM 951018100 13876 428600 SH SOLE 428600
WESTPAC BANK CORPORATION COM 607614600 2094 320000 SH SOLE 320000
WINBOND ELECTRONICS CORP CONVT 972657AA8 2000 2000000 PRN SOLE 2000000
WOLTERS KLUWER COM 497711100 1626 40704 SH SOLE 40704
WOODSIDE PETROLEUM LTD COM 697972800 1366 200000 SH SOLE 200000
YAPI KREDI BANK COM 498674200 187 12960000 SH SOLE 12960000
YOSHITOMI PHARMACEUTICAL COM 698750500 1188 95000 SH DEFINED 95000
YOSHITOMI PHARMACEUTICAL COM 698750500 3125 250000 SH SOLE 250000
ZHENHAI REFINING & CHEM CONVT 98949RAA6 1536 1500000 PRN SOLE 1500000
ZORAN CORPORATION COM 98975F101 18 1094 SH SOLE 1094
ZURICH INSURANCE CO COM 548677900 1597 2800 SH DEFINED 2800
ZURICH INSURANCE CO COM 548677900 3993 7000 SH SOLE 7000
</TABLE>
